## ## ## ## ||||PAGE| |---|---|---|---| |Trustees'|annual
report||| |Independent
examiner's||report to the trustees|| |Statement|of financial|activities|| |Statement|of financial|position|10| |Notes to|the financial|statements|| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |YEAR ENDED 28 FE|BRU|ARY 2021||||||| |---|---|---|---|---|---|---|---|---| |||||2021||||2020| |||Unrestricted|Restricted|Endowment||||| |||funds|funds||funds|Total|funds|Total funds| ||Note||f.|||||| |income and endowments
Donations
and legacies
Charitable
activities
Investment
income|4
5
6|83,459
2,143|||||83,459
2,143|19
84,007
1,665| |Total income||85,602|||||85,602|85,69]| |Expenditure||||||||| |Expenditure
on
charitable
activities|7,8|75,731|||||75,731|61,209| |Total expenditure||75,731|||||75,731|61,209| |Nct income||9,871|||||9,871|24,482| |Transfers between funds||(5,569)|5,569|||||| |Other recognised
gains|and|losses||||||| |Net unrealised
gainsi(losses)
on investment
funds||1,399||||1,326|2,725|(855)| |Net movement
in funds||5,701|5,569|||1,326|12,596|23,627| |Reconciliation
offunds
Total funds brought
forward||(2,354)||—|106,866||104,512|80,885| |Total funds carried forward||3,347|5,569||108,192||117,108|104,512| |JOHN MACKINTOSH MEMORIAL|JOHN MACKINTOSH MEMORIAL|HOMES|HOMES||W"|M| |---|---|---|---|---|---|---| |STATEMENT OF FINANCIAL POSITION|||||M1E«1«rOS«
HOMES|| |28FEBRUARY 2021||||||| ||||2021||2020|| ||Note|f.||||| |FIXEDASSETS
Tangible fixed assets
Investments|14
15|||43,586
94,599||43,586
91,874| |||||138,185||135,460| |CURRENT ASSETS
Debtors
Cash at bank and in hand|16|2,126
44,603|||958
42,927|| |||46,729|||43,885|| |CREDITORS: amounts|falling due|||||| |within
one year
Trade creditors|||606||196|| |Other creditors including
taxation and
social security
Accruals and deferred income
17||6,913
13,958|||8,239
13,156|| |||21,477|||21,591|| |NKT CURRENT ASSETS||||25,252||22,294| |TOTAL ASSETSLESS CURRENT
LIABILITIES||||163,437||157,754| |CREDITORS: amounts
falling due
after more than one year
18||||461329||53,242| |NET ASSETS|20|||117,108||104,512| |FUNDS OF THE CHARITY
Endowment
funds||||108,192||106,866| |Restricted funds
Unrestricted
funds||||5,569
3,347||(2,354)| |Total charity funds|19|||117,108||104,512| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |R ENDED 28 FEBRUARY 20|21|||| |---|---|---|---|---| ||Unrestricted|Total Funds|Unrestricted|Total Funds| ||Funds|2021|Funds|2020| |Income from listed investments
Bank interest receivable|2,095
48|2,095
48|1,433
232|1,433
232| ||2, 143|2,143|1,665|1,665| ## |EXPENDIT|URE ON CHARITAB|LE ACTIVITIES BYFUND T|YPE|| |---|---|---|---|---| |||Unrestricted|Restricted|Total Funds| |||Fundsf|Funds|2021| |Almshouses
costs
Support costs||72,079
3,652||72,079
3,652| |||75,731||75,731| |||Unrestricted|Restricted|Total Funds| |||Funds|Funds
5|2020f| |Almshouses
costs
Support costs||53,797
3,557|3,855|57,652
3,557| |||57,354|3,855|61,209| |EXPENDIT|URE|ON|CH|ARITAB|LE ACTIVITIES|BYA|CTIVI|Y TYPE|| |---|---|---|---|---|---|---|---|---|---| ||||||Activities||||| ||||||undertaken|||Total funds|Total funds| ||||||directly|Support|costs|2021|2020| |Almshouses
Governance|costs
costs|(see
(see|note
note|9)
te)|72,079||3,652|72,079
3,652|57,652
3,557| ||||||72,079||3 652|75,731|61„209| ## ## ## ## ## |EAR ENDED 28 FEBRUAR|Y|20||21||||| |---|---|---|---|---|---|---|---|---| ||||||||Total 2021|Total 2020| |Wardens'
salaries and national
insurance
Clerks' salary, national
insurance
and contractor costs|||||||13,179
10,651
150|13,275
8,372
206| |Clerks' expenses
Routine maintenance
Legal and professional
Light, heat, rates and water
Insurance
Gardener
and cleaning|||||||2,017
4,160
14,102
2,139
2,516
105|l, 166
3,853
12,339
2,043
2,930
1,048| |Advertising|||||||493|549| |Effective interest
Residents'
welfare|||||||1,250
267|389
225| |Travelling
Telephone
and other office|costs||||||651|455| ||||||||51,680|46,850| |Cyclical maintenance|||||||20,399|6,947| |Restricted
Extraordinary
repairs||||||||3,855| ||||||||72,079|57,652| |10. ANALYSIS OF GOVERNANCE COSTS||||||||| ||||||||2021|2020| ||||||||806|699| |Warden's
salaries
Clerks'
salary, national
insurance||||and|contractor costs||2,130
150|2,093
205| |Clerks' expenses|||||||66|60| |Bank charges|||||||500|500| |Independent
examiners
report||||||||| ||||||||3,652|3,557| |11. INDEPENDENT
EXAMINATION|||||FEES|||| ||||||||2021|2020| |Fees payable to the independent
Independent
examination
ofthe
Other financial services||||examiner
financial||for:
statements|500
2,275|500
1,630| ||||||||2,775|2, 130| ## ## |The tota|l|staff costs and|employ|ee|benefits for the reporting
perio|d are analysed
as foll|ows:| |---|---|---|---|---|---|---|---| |||||||2021|2020| |||||||8|| |Wardens'
salaries and
Clerks'
salary, national|||national
insurance
insurance
and contractor costs|||13,985
12,781|13,974
10,465| |||||||26,766|24,439| ## ## |TANGIBLE FIXEDASSETS|| |---|---| ||Freehold| ||property| |Cost
At 1March 2020 and 28February 2021|43,586| |Carrying
amount
At 28 February 2021|43,586| |At 29 February 2020|43,586| ## ## ## |INVESTMENTS||| |---|---|---| |||Listed| |||investments| |Cost or valuation
At
1 March 2020||91,874| |Additions
Fair value movements||2,725| |At 28February 2021||94,599| |Impairment||| |At I March 2020 and 28February|2021|| |Carrying
amount
At 28February 2021||94,599| |At 29 February 2020||91,874| ||||Cost|Pair value|Cost|Fair value| |---|---|---|---|---|---|---| ||||2021|2021|2020|2020| |COIF charities|deposit funds||34,771|34,771|34,771|34,771| |CCLA property
units)|fund (11,825 income||12,051|13,140|12,051|13,682| |COIF charities
(9,951 income|ethical investment
units)|fund|24,000|26,695|24,000|24,827| |COIF charities
(7,453 income|ethical investment
units)|fund|20,000|19,993|20,000|18,594| ||||90,822|94,599|90,822|91,874| ## ## ## ||DUE WITH|IN ONE Y|EAR||| |---|---|---|---|---|---| |||||2021|2020| |||||E|| ||Almshouse
Association
Other creditors||Loan|6,913|6,857
1,382| |||||6,913|8,239| |18.|CREDITORS: amounts||falling due after more than one year||| |||||2021|2020| ||Almshouse|Association|Loan due in 2 to 5 years|46,329|53,242| ## |||||||||Gains|At| |---|---|---|---|---|---|---|---|---|---| |||||||||and|| |||At|I|Mar 2020|Income|Expenditure|Transfers|losses|2$ Feb 2021| |General|funds|||(2,354)|85,602|(55,332)|(25,968)|1,399|3,347| |Cyclical
maintenance||fund||||(20,399)|20,399||| |||||(2,354)|85,602|(75,731)|(5,569)|1,399|3,347| |||||||||Gains|| |||||||||and|At| |||At|I|Mar 2019|Income|Expenditure|Transfers|losses|29Feb 2020| |General|funds|||(26,232)|85„672|(50,407)|(9,982)|(1,405)|(2,354)| |Cyclical
maintenance||fund||801||(6,947)|6,146||| |||||(25,431)|85,672|(57,354)|(3,836)|(1,405)|(2,354)| ## ## ## |Restricted|funds||||||||| |---|---|---|---|---|---|---|---|---|---| |||||||Gains||At|| |||||||and|||| |||At I Mar 2020|Income|Expenditure|1ransfers|losses|28|Eeb 2021|| |Extraordinary
repair fund|||||5,569|||5,569|| |||||||Gains|||| |||||||and||At|| |||At I Mar20I9|income|Expenditure|Transfers|losses|29Eeb||2020| ||||E||E||||E| |Extraordinary
repair fund|||19|(3,855)|3,836||||| ## ## ## ## ## ## |Endowment|funds||||||||| |---|---|---|---|---|---|---|---|---|---| |||||||||Gains and|At| |||At|I|Mar 2020|Income|Expenditure|Transfers|losses|28Pcb 2021| |Endowment|fund|||63,280||||1,326|64,606| |Permanent
endowment|fund|||43,586|||||43,586| |||||106,866||||1,326|108,192| |||||||||Gains and|At| |||At|1|Mar 2019|Income|Expenditure|Transfers|losses|29 Eeb 2020| |Endowment|fund|||62,730||||550|63,280| |Permanent
endowment|fund|||43,586|||||43,586| |||||106,316||||550|106,866| ## ## ## |ANALYSIS OF NET|ASSETSB|ETWEEN FUNDS|||| |---|---|---|---|---|---| |||Unrestricted|Restricted|Endowment|Total Funds| |||Funds|Funds|Funds|2021| |Tangible fixed assets
Investments
Current assets
Creditors less than
1 year
Creditors greater than
1 year||29,993
41,160
(21,477)
(46,329)|5,569|43,586
64,606|43,586
94,599
46,729
(21,477)
(46,329)| |Net assets||3,347|5,569|108,192|117,108| |||Unrestricted|Restricted|Endowment|Total Funds| |||Funds|Funds|Funds|2020| |||f.|||| |Tangible fixed assets
Investments
Current assets
Creditors less than
1 year
Creditors greater than
1 year||28,594
43,885
(21,591)
(53,242)||43,586
63,280|43,586
91,874
43,885
(21,591)
(53,242)| |Net assets||(2,354)||106,886|104,512|