2021-12-31-accounts

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

			31/12/21	31/12/20
			Unrestricted	Tota I
			funds	funds
		Notes	E	E
INCOME AND ENDOWMENTS	FROM
Other trading activities			87,240	70,615
Investment income			1,626	1,692
Total			88,866	72,307
EXPENDITURE ON
Charitable activities
Provision ofalmhouses			157,111	105,048
Net gains/(losses) on investments			3,715	(3,313)
NET INCOME/(EXPENDITURE)			(64,530)	(36,054)
RECONCILIATION OF FUNDS
Total funds brought forward			41,684	77,738
TOTAL FUNDS CARRIED FORWARD			(22,846)	41,684

		31/12/21	31/12/20
		Unrestricted	Total
		funds	funds
	Notes	E	E
FIXEDASSETS
Tangible assets		12,955	12,955
Investments		44,829	41,114
		57,784	54,069
CURRENT ASSETS
Debtors		8,102	7,698
Cash at bank and in hand		6,520	33,827
		14,622	41,525
CREDITORS
Amounts falling due within one year	10	(38,577)	(14,837)
NET CURRENT ASSETS		(23,955)	26,688
TOTAL ASSETS LESSCURRENT LIABILITIES		33,829	80,757
CREDITORS
Amounts falling due after more than one year		(56,675)	(39,073)
NET ASSETS		(22,846)	41,684
FUNDS	13
Unrestricted funds		(22,846)	41,684
TOTAL FUNDS		(22,846)	41,684

OTHER TRADING ACTIVITIES	OTHER TRADING ACTIVITIES	OTHER TRADING ACTIVITIES
			31/12/21	31/12/20
			E	E
Maintenance	contributions	from residents	87,240	70,615
INVESTMENT	INCOME
			31/12/21	31/12/20
			E	E
Deposit account interest			1
Income from	listed investments		1,625	1,692
			1,626	1,692

		Direct	Support
		Costs	costs	Totals
		E	E	E
Provision	ofalmhouses	132,897	24,214	157,111

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
		Unrestricted
		funds
		f
INCOME AND ENDOWMENTS	FROM
Other trading activities		70,615
Investment income		1,692
Total		72,307
EXPENDITURE ON
Charitable activities
Provision of almhouses		105,048
Net gains/(losses) on investments		(3,313)
NET INCOME/(EXPENDITURE)		(36,054)
RECONCILIATION OF FUNDS
Total funds brought forward		77,738
TOTAL FUNDS CARRIED FORWARD		41,684

TANGIBLE FIXEDASSETS
	Freehold
	property
	E
COST
At 1stJanuary 2021and 31st December 2021	12,955
NET BOOK VALUE
At 31stDecember 2021	12,955
At 31stDecember 2020	12,955

					31.12.21
					E
Origina	I	cost			384,901
Housing		Corporation	grant	received	(371,946)
					12,955

FIXEDASSET INVESTMENTS
	Listed
	investments
	f
MARKET VALUE
At 1stJanuary 2021	41,114
Revaluations	3,715
At 31st December 2021	44,829
NET BOOK VALUE
At 31stDecember 2021	44,829
At 31st December 2020	41,114

							Listed
							investments
							f
Valuation in 2021							31,666
Cost							13,163
							44,829
					31.12.21		31.12.20
						f	f
The investment	assets comprise the following:-
108(2020:2,889.219)Charishare		Common	Investment	Fund		135	135
48,338(2020:59,735) NAACIF Accumulation			Shares			13,028	13,028
Cost at 31December 2021						13,163	13,163
Market value	at 31December 2021					44,829	41,114
DEBTORS:AMOUNTS FALLING DUE WITHIN			ONE YEAR
					31/12/21		31/12/20
					f		f
Prepayments	and accrued income				8,102		7,698

10.	CREDITORS: AMOUNTS FALLING DUE WITHINPNE	CREDITORS: AMOUNTS FALLING DUE WITHINPNE	YEAR
				31/12/21	31/12/20
				f	E
	Other loans	(see note 12)		14,425	5,650
	Accruals and deferred income			24,152	9,187
				38,577	14,837
11.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE		THAN ONE YEAR
				31/12/21	31/12/20
				E	E
	Other loans	(see note 12)		56,675	39,073
12.	LOANS
	An analysis	ofthe maturity of loans is given below:
				31/12/21	31/12/20
				f	E
	Amounts falling due within one year on demand:
	Other loans			14,425	5,650
	Amounts falling between one and two years:
	Other loans	-1-2 years		9,425	7,550
	Amounts falling due between two and five years:
	Other loans	- 2-5 years		18,900	18,900
	Amounts falling due in more than five years:
	Repayable	by instalments:
	Other loans	more Syrs instal		28,350	12,623

				Net	Transfers
				movement	between	At
			At 1/1/21	in funds	funds	31/12/21
			E	E	f	E
Unrestricted	funds
General fund			(10,667)	6,959	(75,205)	(78,913)
Extraordinary		repairs reserve fund		(66,095)	66,095
Cyclical repairs		fund		(9,110)	9,110
Endowment	fund		15,000			15,000
G H Haley fund			350			350
Reserve fund			9,050			9,050
Revaluation	reserve		27,951	3,716		31,667
			41,684	(64,530)		(22,846)
TOTAL FUNDS			41,684	(64,530)		(22,846)

			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
			E	E	E	E
Unrestricted	funds
General fund			78,365	(71,406)		6,959
Extraordinary		repairs reserve fund	5,250	(71,345)		(66,095)
Cyclical repairs		fund	5,250	(14,360)		(9,110)
Revaluation	reserve		1		3,715	3,716
			88,866	(157,111)	3,715	(64,530)
TOTAL FUNDS			88,866	(157,111)	3,715	(64,530)

				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)
TOTAL FUNDS			72,307	(105,048)	(3,313)	(36,054)

A current ye	ar	12months and prior year 12m	onths combined position	is as follows:
				Net	Transfers
				movement	between	At
			At 1/1/20 E	in funds E	fundsf	31/12/21 E
Unrestricted	funds
General fund			22,074	12,666	(113,653)	(78,913)
Extraordinary		repairs reserve fund		(98,585)	98,585
Cyclical repairs		fund		(15,068)	15,068
Endowment	fund		15,000			15,000
G H Haley fund			350			350
Reserve fund			9,050			9,050
Revaluation	reserve		31,264	403		31,667
			77,738	(100,584)		(22,846)
TOTAL FUNDS			77,738	(100,584)		(22,846)

			Incoming	Resources	Gains	and	Movement
			resources E	expended f	losses f		in funds E
Unrestricted	funds
General fund			140,172	(127,506)			12,666
Extraordinary		repairs reserve fund	10,500	(109,085)			(98,585)
Cyclical repairs		fund	10,500	(25,568)			(15,068)
Revaluation	reserve		1			402	403
			161,173	(262,159)		402	(100,584)
TOTAL FUNDS			161,173	(262,159)		402	(100,584)

			31/12/21 E	31/12/20f
INCOME AND ENDOWMENTS
Other trading activities
Maintenance contributions		from residents	87,240	70,615
Investment income
Deposit account interest			1
Income from listed investments			1,625	1,692
			1,626	1,692
Total incoming resources			88,866	72,307
EXPENDITURE
Charitable activities
Insurance			3,625	3,497
Water rates and light and		heat	8,796	11,686
Sundries			2,693	1,714
Repairs and maintenance			115,961	61,995
Gardening			1,822	1,635
			132,897	80,527
Support costs
Governance costs
Accountancy and legal fees			1,920	1,877
Company secretarial	and	administration	9,060	9,000
Loan interest				3,000
Legal and professional			13,234	10,644
			24,214	24,521
Total resources expended			157,111	105,048
Net expenditure			(68,245)	(32,741)