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|---|---|---|---|---|
|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||
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||||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||
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|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||
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|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|
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|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|
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|||||||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|
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|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|
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|||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|
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||||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)|
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||||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)|