| PAGE | ||||
|---|---|---|---|---|
| Trustees' | annual report |
|||
| Independent examiner's |
report to the trustees | 10 | ||
| Statement | offinancial | activities | ||
| Statement | offinancial | position | 12 | |
| Notes to | the financial | statements | 13 |
| 2021 | 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | ||||||
| funds | funds | funds | Total funds | Total funds | ||||
| Note | ||||||||
| Income and endowments | ||||||||
| Donations and legacies |
4 | 200 | 200 | 736 | ||||
| Charitable activities |
5 | 112,583 | 112,583 | 108,818 | ||||
| Investment income |
6 | 17,585 | 4,290 | 21,875 | 22,431 | |||
| Total income | 130,368 | 4,290 | 134,658 | 131,985 | ||||
| Expenditure | ||||||||
| Expenditure on raising funds: |
||||||||
| Investment | ||||||||
| management | costs | 7 | 68 | 68 | 1,392 | |||
| Expenditure on |
||||||||
| charitable activities |
8,9 | 107,903 | 107,903 | 86,896 | ||||
| Total expenditure | 107,971 | 107,971 | 88,288 | |||||
| Net income | 22,397 | 4,290 | 26,687 | 43,697 | ||||
| Transfers between | funds | (64) | 64 | |||||
| Other recognised | gains | and | losses | |||||
| Net unrealised gains on |
||||||||
| investment assets |
32,507 | 9,653 | 42,160 | 26,245 | ||||
| Net movement in |
funds | 54,840 | 14,007 | 68,847 | 69,942 | |||
| Reconciliation offunds | ||||||||
| Total funds brought | forward | 590,575 | 155,000 | 292,668 | 1,038,243 | 968,301 | ||
| Total funds carried forward | 645,415 | 169,007 | 292,668 | 1,107,090 | 1,038,243 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Note | |||||
| FIXEDASSETS | |||||
| Tangible fixed assets | 15 | 292,668 | 292,668 | ||
| Investments | 16 | 772,594 | 730,434 | ||
| 1,065,262 | 1,023,102 | ||||
| CURRENT ASSETS | |||||
| Debtors | 17 | 10,513 | 7,649 | ||
| Cash at bank and in hand | 68,037 | 51,780 | |||
| 78,550 | 59,429 | ||||
| CREDITORS: amounts | falling due | ||||
| within one year |
|||||
| Trade creditors | 5,7SS | 9,615 | |||
| Other creditors including | taxation and | ||||
| social security | 18 | 76 | 4,247 | ||
| Accruals and deferred income | 30,858 | 30,426 | |||
| 36,722 | 44,288 | ||||
| NET CURRENT ASSETS | 41,828 | 15,141 | |||
| TOTAL ASSETSLESS | CURRENT | ||||
| LIABILITIES | 1,107,090 | 1,038,243 | |||
| NKT ASSETS | 21 | 1,107,090 | 1,038,243 | ||
| FUNDS OF THK CHARITY | |||||
| Endowment funds |
292,668 | 292,668 | |||
| Restricted funds | 169,007 | 155,000 | |||
| Unrestricted funds |
645,415 | 590,575 | |||
| Total charity funds | 20 | 1,107,090 | 1,038,243 |
| DONATIONS AND LEGA |
CIES | |||
|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2021 | Funds | 2020 | |
| DONATIONS | ||||
| Donations | 200 | 200 | 624 | 624 |
| GRANTS | ||||
| Grants receivable | 112 | 112 | ||
| 200 | 200 | 736 | 736 |
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
|---|---|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | |||
| Almshouses | residents' | contributions | 112,583 | 112,583 | 108,818 | 108,818 |
| NVESTMENT INCOME | |||
|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2021 | |
| Rent received | 3,090 | 3,090 | |
| Income from listed investments | 14,456 | 4,290 | 1S,746 |
| Bank interest receivable | 39 | 39 | |
| 17,585 | 4,290 | 21,875 | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2020 | |
| Rent received | 3,360 | 3,360 | |
| Income from listed investments | 14,572 | 4,390 | 18,962 |
| Bank interest receivable | 109 | 109 | |
| 18,041 | 4,390 | 22,431 |
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
|---|---|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | |||
| Investment | Management | Costs | 68 | 6S | 1,392 | 1,392 |
| EXPENDI | TURE ON CHARITABLE A | CTIVITIES BYFUND T | YPE | |
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| Almshouses | costs (see note 10) | 88,313 | 88,313 | |
| Donations | (see note 11) | 14,346 | 14,346 | |
| Support costs (see note 12) | 5,244 | 5,244 | ||
| 107,903 | 107,903 | |||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2020 | ||
| Almshouses | costs | 64,692 | 13,519 | 78,211 |
| Donations | 3,675 | 3,675 | ||
| Support costs | 5,010 | 5,010 | ||
| 73,377 | 13,519 | 86,896 |
| EXPENDI | TURE ON CHARITAB | LE ACTIVITIE | S BYACTIVI | TY TYPE | |
|---|---|---|---|---|---|
| Activities | |||||
| undertaken | Total funds | Total funds | |||
| directly | Support costs | 2021 | 2020 | ||
| Almshouses | costs (see note 10) | 88,313 | SS,313 | 78,211 | |
| Donations | (see note 11) | 14,346 | 14,346 | 3,675 | |
| Governance | costs (see note 12) | 5,244 | 5,244 | 5,010 | |
| 102,659 | 5,244 | 107,903 | 86,896 |
| ANALYSIS OFALM | SHOUS | ES | COSTS | |||
|---|---|---|---|---|---|---|
| Total 2021 | Total 2020 | |||||
| Wardens' salaries and |
national | insurance | 27,818 | 23,235 | ||
| Wardens' pension costs Clerks' salary, national insurance Clerks' expenses |
and contractor | costs | 2,217 9,358 225 |
2,640 9,153 308 |
||
| Light, heat, rates and water Routine maintenance |
4,846 3,371 |
(90) 3,539 |
||||
| Insurance | 2,643 | 2,627 | ||||
| Gardening and cleaning |
2,870 | 3,118 | ||||
| Legal and professional | 5,609 | 5,114 | ||||
| Telephone and other office costs |
2,129 | 1,603 | ||||
| Residents' welfare |
3,329 | 1,057 | ||||
| Advertising | 294 | 1,571 | ||||
| Seminars and training | 686 | 915 | ||||
| 65,395 | 54,790 | |||||
| Cyclical maintenance | 22,136 | 10,147 | ||||
| Improvements to the estate Restricted |
782 | (245) | ||||
| Extraordinary repairs |
13,519 | |||||
| 88,313 | 78,211 | |||||
| ANALYSIS OF DONATIONS | ||||||
| 2021 | 2020 | |||||
| Halifax Ministers Education Trust |
1,000 | |||||
| Calderdale Smartmove |
(Homeless | k, vulnerably | housed charity in | |||
| Halifax) | 500 | 1,000 | ||||
| Percival Whitley Education Trust | 1,000 | |||||
| Minister Christmas tree |
175 | |||||
| Halifax Opportunities | Trust | 250 | ||||
| Incredible Edible | 250 | |||||
| CFFC Covid 19Fund | 10,000 | |||||
| In memory ofAvril Smith | 200 | |||||
| Vicars | 606 | |||||
| Lecturer | 840 | |||||
| Gathering Place |
500 | |||||
| Healthy Minds |
500 | |||||
| Noahs Ark | 500 | |||||
| Happy Days | 500 | |||||
| Halifax Civic Trust | 200 | |||||
| Total donations | 14,346 | 3,675 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Wardens' salaries and |
national | insurance | 1,463 | 1,223 | |
| Clerks' salary, national | insurance | and contractor costs | 2340 | 2,288 | |
| Clerks' expenses | 225 | 308 | |||
| Bank charges | 66 | 60 | |||
| Insurance | 380 | 381 | |||
| Independent examiners |
report | 770 | 750 | ||
| 5,244 | 5,010 |
| STAFF | COSTS | COSTS | |||
|---|---|---|---|---|---|
| The total | staff costs and employee | benefits for the reporting | period are analysed as |
follows: | |
| 2021 | 2020 | ||||
| Wardens' | salaries and national insurance |
29,282 | 24,458 | ||
| Clerks' salary, national | insurance | and contractor costs | 11,698 | 11,441 | |
| Employer | contributions | to pension | plans | 2217 | 2,640 |
| 43,197 | 38,539 |
| No trustee expenses have been incurred. TANGIBLE FIXEDASSETS |
|
|---|---|
| Freehold | |
| property | |
| Cost | |
| At 1March 2020 and 28 February 2021 | 292,668 |
| Depreciation | |
| At 1March 2020 and 28 February 2021 | |
| Carrying amount |
|
| At 28February 2021 | 292,668 |
| At 29February 2020 | 292,668 |
| Listed | Investment | ||
|---|---|---|---|
| investments | properties | Total | |
| Cost or valuation | |||
| At 1 March 2020 Additions |
676,934 | 53,500 | 730,434 |
| Fair value movements | 42,160 | 42,160 | |
| At 28February 2021 | 719,094 | 53,500 | 772,594 |
| Impairment | |||
| At 1March 2020 and 28February 2021 | |||
| Carrying amount |
|||
| At 28 February 2021 | 719,094 | 53,500 | 772,594 |
| At 29February 2020 | 676,934 | 53,500 | 730,434 |
| Cost | Pair value | Cost | Fair value | ||
|---|---|---|---|---|---|
| 2021 | 2021 | 2020 | 2020 | ||
| CCLA COIF | Ethical | ||||
| Investment Fund |
|||||
| (49,629 Income units) | 82,113 | 133,129 | 82,113 | 123,814 | |
| CCLA COIF | Ethical | ||||
| Investment Fund |
|||||
| (19,654 Income units) | 50,000 | 52,722 | 50,000 | 49,033 | |
| Charibond (33,492 | |||||
| Income units) Newton Growth 2 |
40,469 | 41,394 | 40,469 | 41,665 | |
| Income fund | for | ||||
| Charities (207,280 | |||||
| income units) | 154,192 | 297,758 | 154,192 | 283,725 | |
| Sarasin Alpha | CIF for | ||||
| Endowments | (145,370 | ||||
| Income units) | 115,000 | 168,629 | 115,000 | 155,255 | |
| Sarasin Alpha | CIF for | ||||
| Endowments | (21,949 | ||||
| Income units) | 25,000 | 25,461 | 25,000 | 23,442 | |
| 466,774 | 719,093 | 466,774 | 676,934 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Social | security | and | other | taxes | 906 | |
| Other | creditors | 76 | 3,341 | |||
| 76 | 4,247 |
| Gains and | At | ||||||
|---|---|---|---|---|---|---|---|
| At I Mar 2020 | Income | Expenditure | Transfers | losses | 28Feb 2021 | ||
| General funds | 325,575 | 130,368 | (85,835) | (45,607) | 32,507 | 357,008 | |
| Cyclical | |||||||
| maintenance | fund | ||||||
| (CMF) | 110,000 | (22,136) | 32,036 | 119,900 | |||
| Extraordinary | |||||||
| repair fund (EFD- | |||||||
| D) | 155,000 | 13,507 | 168,507 | ||||
| 590,575 | 130,368 | (107,971) | (64) | 32,507 | 645,415 | ||
| Gains and | At | ||||||
| At I Mar2019 | Income | Expenditure | Transfers | losses | 29 Feb 2020 | ||
| General funds | 330,633 | 127,595 | (64,622) | (88,203) | 20,172 | 325,575 | |
| Cyclical | |||||||
| maintenance | fund | ||||||
| (CMF) | 78,000 | (10,147) | 42,147 | 110,000 | |||
| Extraordinary | |||||||
| repair fund (EFD- | |||||||
| D) | 133,786 | 21,214 | 155,000 | ||||
| 542,419 | 127,595 | (74,769) | (24,842) | 20,172 | 590,575 |
| Gains and | At | |||||
|---|---|---|---|---|---|---|
| At 1 Mar 2020 | Income | Expenditure | Transfers | losses | 28Feb 2021 | |
| Extraordinary | ||||||
| repair fund (ERF) | 155,000 | 4,290 | 64 | 9,653 | 169,007 | |
| Gains and | At | |||||
| At I Mar 2019 | Income | Expenditure | Transfers | losses | 29Feb 2020 | |
| Extraordinary | ||||||
| repair fund (ERF) | 133,214 | 4,390 | (13,519) | 24,842 | 6,073 | 155,000 |
| Gains and | At | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| At | 1 | Mar 2020 | Income | Expenditure | Transfers | losses | 28 Feb 2021 | ||
| Permanent | |||||||||
| Endowment | Fund | 292,668 | 292,668 | ||||||
| Gains and | At | ||||||||
| At | I | Mar 2019 | Income | Expenditure | Transfers | losses | 29Feb 2020 | ||
| Permanent | |||||||||
| Endowment | Fund | 292,668 | 292,668 |
| ANALYSIS OFN | ET ASSETS | BETWEEN FUNDS | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total Funds | ||
| Funds | Funds | Funds | 2021 | ||
| Tangible fixed assets | 292,668 | 292,668 | |||
| Investments | 603,587 | 169,007 | 772,594 | ||
| Current assets | 78,550 | 78,550 | |||
| Creditors less than | 1 year | (36,722) | (36,722) | ||
| Net assets | 645,415 | 169,007 | 292,668 | 1,107,090 | |
| Unrestricted | Restricted | Endowment | Total Funds | ||
| Funds | Funds | Funds | 2020 | ||
| Tangible fixed assets | 292,668 | 292,668 | |||
| Investments | 575,434 | 155,000 | 730,434 | ||
| Current assets | 59,429 | 59,429 | |||
| Creditors less than | 1 year | (44,288) | (44,288) | ||
| Net assets | 590,575 | 155,000 | 292,668 | 1,038,243 |