|||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||
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||||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|
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|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|
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|||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|
##
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|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|
##
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##
||||||||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)|
##
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##
|||||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)|
##
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##
||||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)|