2020-12-31-accounts

			Page
Report ofthe	Trustees	1	to	3
Independent	Examiner's Report
Statement of	Financial Activities
Balance Sheet
Notes tothe Financial Statements		7	to	16
Detailed Statement of Financial Activities			17

			31/12/20	31/12/19
			Unrestricted	Total
			funds	funds
		Notes	E	E
INCOME AND ENDOWMENTS	FROM
Other trading activities			70,615	54,043
Investment income			1,692	2,511
Total			72,307	56,554
EXPENDITURE ON
Charitable activities
Provision ofalmhouses
			105,048	65,856
Net gains/(losses) on investments			(3,313)	5,330
NET INCOME/(EXPENDITURE)			(36,054)	(3,972)
RECONCILIATION OF FUNDS
Total funds brought forward			77,738	81,710
TOTAL FUNDS CARRIED FORWARD			41,684	77,738

					31/12/20	31/12/19
					Unrestricted	Total
FIXEDASSETS				Notes	funds	funds
Tangible assets					6	E
Investments
					12,955 41,114	12,955 44,427
CURRENT ASSETS					54,069	57,382
Debtors
Cash at bank and in hand
					7&698 33,827	6,281 23,038
CREDITORS					41,525	29,319
Amounts falling due within one year			10
					(14,837)	(8,963)
NET CURRENT ASSETS
					26,688	20,356
TOTAL ASSETS LESSCURRENT LIABILITIES
CREDITORS					80,757	77,738
Amounts falling due after more than one year
					(39,073)
NETASSETS
FUNDS					41,684	77,738
Unrestricted funds			13
TOTAL FUNDS					41,684	77,738
					41,684	77,738
The Rnancial statements were signed on irs behalf	were approved by:	by the	Board of	Trustees and authorised	D.Q2 I for Issue on ...!...:..'.................J~and

Fixed Asset	Investments
Fixed asset	investments	comprise assets held by the				charity	which	are not expected to be		converted	into	cash in the	short
term. Fixed	asset investments			are valued	at market	value,	with	unrealised	and realised	gains and	losses being		passed
through the	statement	of	financial activities.
OTHER TRADING ACTIVITIES
										31/12/20		31/12/19
										E		E
Maintenance	contributions		from residents							70,615		54,043
INVESTMENT INCOME
										31/12/20		31/12/19
										E		E
Income from listed investments										1,692		2,511
CHARITABLE ACTIVITIES COSTS
									Direct	Support
									Costs	costs		Totals
									E	E		E
Provision ofalmhouses
									80,527	24,521		105,048

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
		Unrestricted
		funds
		E
INCOME AND ENDOWMENTS	FROM
Other trading activities		54,043
Investment income		2,511
Total		56,554
EXPENDITURE ON
Charitable activities
Provision ofalmhouses
		65,856
Net gains on investments		5,330
NET INCOME/(EXPENDITURE)		(3,972)
RECONCILIATION OF FUNDS
Total funds brought forward		81,710
TOTAL FUNDS CARRIED FORWARD		77,738

TANGIBLE FIXEDASSETS
	Freehold
	property
	E
COST
At 1stJanuary 2020 and 31st December 2020	12,955
NET BOOK VALUE
At 31st December 2020	12,955
At 31st December 2019	12,955

				31.12.20
				E
Original	cost			384,901
Housing	Corporation	grant	received	(371,946)
				12,955

FIXEDASSET INVESTMENTS
	Listed
	investments
	E
MARKET VALUE
At 1stJanuary 2020	44,427
Revaluations	(3,313)
At 31st December 2020	41,114
NET BOOK VALUE
At 31st December 2020	41,114
At 31st December 2019	44,427

						31.12.20	31.12.19
						6	6
	The investment assets	comprise the following:-
	108(2019:2,889.219)	Charishare	Common	Investment	Fund	135	135
	48,338(2019:59,735)	NAACIF Accumulation		Shares		13,028	13,028
	Cost at 31December 2020					13,163	13,163
	Market value at 31December 2019					41,114	44,427
9.	DEBTORS:AMOUNTS FALLING DUE WITHIN			ONE YEAR
						31/12/20	31/12/19
						E	E
	Prepayments and accrued income					7,698	6,281
10.	CREDITORS: AMOUNTS	FALLING	DUE WITHIN ONE YEAR
						31/12/20	31/12/19
						6	E
	Other loans (see note 12)					5,650
	Accruals and deferred income					9,187	8,963
						14,837	8,963

CREDITORS:	AMOUNTS FALLING DUE AFTER MORE T	HAN ON	E YEAR
					31/12/20	31/12/19
					E	E
Other loans	(see note 12)				39,073
LOANS
An analysis ofthe maturity ofloans is given below:
					31/12/20	31/12/19
					E	E
Amounts falling due within one year on demand:
Otherloans					5,650
Amounts falling between one and two years:
Other loans	- 1-2years				7,550
Amounts falling due between two and five years:
Other loans	- 2-5years				18,900
Amounts falling due in more than five years:
Repayable by instalments:
Other loans	more 5yrs instal				12,623
MOVEMENT	IN FUNDS
				Net	Transfers
				movement	between	At
		At 1/1/20		in funds	funds	31/12/20
		E		E	E	E
Unrestricted	funds
General fund		22,074		5,707	(38,448)	(10,667)
Extraordinary	repairs reserve fund			(32,490)	32,490
Cyclical repairs fund				(5,958)	5,958
Endowment	fund	15,000				15,000
G H Haley fund			350			350
Reserve fund		9,050				9,050
Revaluation	reserve	31,264		(3,313)		27,951
		77,738		(36,054)		41,684
TOTAL FUNDS		77,738		(36,054)		41,684

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
		E	E	E	E
Unrestricted	funds
General fund		61,807	(56,100)		5,707
Extraordinary	repairs reserve fund	5,250	(37,740)		(32,490)
Cyclical repairs fund		5,250	(11,208)		(5,958)
Revaluation	reserve			(3,313)	(3,313)
		72,307	(105,048)	(3,313)	(36,054)
TOTALFUNDS		72,307	(105,048)	(3,313)	(36,054)

				Net	Transfers
				movement	between	At
			At 1/1/19	in funds	funds	31/12/19
			E	E	E	6
Unrestricted	funds
General fund			6,028	(5,124)	21,170	22,074
Extraordinary		repairs reserve fund		195	(195)
Cyclical repairs		fund		(4,373)	4,373
Endowment	fund		15,000			15,000
G H Haley fund			350			350
Reserve fund			9,050			9,050
Revaluation	reserve		51,282	5,330	(25,348)	31,264
			81,710	(3,972)		77,738
TOTAL FUNDS			81,710	(3,972)		77,738

			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
			E	E	E	E
Unrestricted	funds
General fund			46,054	(51,178)		(5,124)
Extraordinary		repairs reserve fund	5,250	(5,055)		195
Cyclical repairs		fund	5,250	(9,623)		(4,373)
Revaluation	reserve				5,330	5,330
			56,554	(65,856)	5,330	(3,972)
TOTAL FUNDS			56,554	(65,856)	5,330	(3,972)

				Net	Transfers
				movement	between	At
			At 1/1/19	in funds	funds	31/12/20
			E	E	E	E
Unrestricted	funds
General fund			6,028	583	(17,278)	(10,667)
Extraordinary		repairs reserve fund		(32,295)	32,295
Cyclical repairs		fund		(10,331)	10,331
Endowment	fund		15,000			15,000
G H Haley fund			350			350
Reserve fund			9,050			9,050
Revaluation	reserve		51,282	2,017	(25,348)	27,951
			81,710	(40,026)		41,684
TOTALFUNDS			81,710	(40,026)		41,684

			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
			E	f	E	E
Unrestricted		funds
General fund			107,861	(107,278)		583
Extraordinary		repairs reserve fund	10,500	(42,795)		(32,295)
Cyclicalrepairs		fund	10,500	(20,831)		(10,331)
Revaluation	reserve				2,017	2,017
			128,861	(170,904)	2,017	(40,026)
TOTAL FUNDS			128,861	(170,904)	2,017	(40,026)

			31/12/20	31/12/19
			E	E
INCOME AND ENDOWMENTS
Other trading activities
Maintenance contributions		from residents	70,615	54,043
Investment income
Income from listed investments			1,692	2,511
Total Incoming resources			72,307	56,554
EXPENDITURE
Charitable activities
Insurance			3,497	3,405
Water rates and light and		heat	11,686	15,432
Sundries			1,714	2 223
Repairs and maintenance			61,995	21,384
Gardening			1,635	2,406
			80,527	44,850
Support costs
Governance costs
Accountancy and legal fees			1,877	1,812
Company secretarial	and	administration	9,000	7,320
Loan interest			3,000
Legal and professional			10,644	11,874
			24,521	21,006
Total resources expended			105,048	65,856
Net expenditure			(32,741)	(9,302)