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2020-12-31-accounts

Expendable Almshouse Permanent
Endowment Restricted Endowment Designated Endowment Total
Note Fund Funds Fund Fund Funds Funds 2DI9
E E g
Income
Income from Trading 3a 23,795 23,795 6,110
Activities
Investment
Income		 286,808 19,900 306,708 309,595
Income from
Charitable
Activities		 3c 566,209 566,209 570,986
Total Incoming Resources 310,603 566,209 19,900 896,712 886,691
Expenditure
Investment
Management
Costs 4a 19,550 4,603 13,354 37,507 104,150
Charitable
Activities		 4b 62,214 590,522 652,736 726,760
Total Expenditure 81,764 590,522 4,603 13,354 690,243 830,910
Net Income/(Expenditure) before Net
Gains and Losses on Investments 228,839 (24,313) 15,297 (13,354) 206,469 55,781
Net Gains and Losses on Investments
(Loss)/surplus
on Disposal		 of
Investments 7,842 9,001 16,843 (9,782)
Gains on Investment
Disposals,
Written
bacl&		 (13,056) (66,924) (79,980) 9,340
Unrealised
(Losses)/Gains		 on
Investment
Assets		 3,835 2,778 297,918 304,531 714,032
Net Movement
in Funds		 228,839 3,835 (24,313) 12,861 226,641 447,863 769,371
Transfers
between Funds		 12 (225,008) (58,992) 284,000
Total Funds, brought forward 155,583 64,426 7,732,265 2,316,320 8,556,733 18,825,32718,055,956
Total Funds, carried forward 159,414 68,261 7,648,960 2,613,181 8,783,374 19,273,19018,825,327

Expendable Almshouse Permanent
Endowment Restricted Endowment Designated Endowment Total
Note Fund Funds Fund Fund Funds Funds 2019
E E f, E
TS
Assets 6 1,796 7,582,960 7,584,756 7,734,144
ts 7
ve Investment Schemes 68,26] 3,402,386 3,470,647 3,288,210
3,617,698 3,617,698 3,474,698
en Recognised
Exchange 1,028,133 1,788,362 2,816,495 2,355,579
1,796 68,261 7,582,960 1,028,133 8,808,446 17,489,596 16,852,631
NT ASSETS
ry Debtors and
payments 27,552 66,000 93,552 27,815
h at Bank and in Hand 170,808 1,585,048 1,755,856 1,989,875
r-Fund Debtor 11 25,072 25,072 25,072
223,432 66,000 1,585,048 1,874,480 2,042,762
NT LIABILITIES 9
ndry Creditors 65,814 65,814 44,994
er-Fund Creditor 11 25,072 25,072 25,072
65,814 25,072 90,886 70,066
TASSETS 159,414 68,261 7,648,960 2,613,181 8,783,374 19,273,19018,825,327
DS 13
Expendable
Endowment		 Fund 159,414 159,414 155,583
Extraordinary
Repair Fund		 65,976 65,976 61,956
Other Restricted
Funds		 2,285 2,285 2,470
Ahnshouse
Endowment		 Fund 7,648,960 7,648,960 7,732,265
Designated
Fund		 2,613,181 2,613,181 2,316,320
Permanent
Endowment		 Fund 8,783,374 8,783,374 8,556,733
otal 159,414 68,261 7,648,960 2,613,181 8,783,374 19,273,19018,825,327

2020 2019
ElVIKNT OF CASH FLOWS
flow from operating
activities;
.ash provided
by (usedin) operating		 activities 4,724 (135,025)
flow from investing
activities:
ends, interest
and rents from investments		 306,707 309,595
hase of property,
plant and equipment		 (491)
eds from sale ofinvestments 285,691 218,836
-hase ofinvestments (830,650) (214,083)
cash provided
by (useilin)
investing		 activities (238,743) 314,348
ange in cash and cash equivalents
in		 the
sporting period (234,019) 179,323
sh and cash equivalents
at the beginning
' porting period		 ofthe 1,989,875 1,810,552
sh and cash equivalents
at the end of		 the
eporting period 1,755,856 1,989,875
KCONCILIATION
OF NET INCOME/(EXPENDITURE)		 TO NET CASH
jiLOW FROM OPERATING ACTIVITIES
etincomel(expenditure)
for the reporting period (asper the
statement offinancial
activities)		 447,863 769,371
djustments
for:
epreciatlon
charges (net of(profits)/losses		 on disposal) 149,879 150,477
Gains)/losses
on investments		 (241,394) (713,590)
lvidends,
interest
and rents fiom investments		 (306,707) (309,595)
Increase)/decrease
in debtors		 (65,737) (3,296)
ncrease/(decrease)
in creditors		 20,820 (28,392)
IYet casli provided
by (usedin)
operating		 «cflvities 4,724 (135,025)
ANALYSIS OF CASH AND CASH EQUVALENTS
Cash in hand 1,755,856 1,989,875
Total cash and cash equivalents 1,755,856 1,989,875
The cash and cash equivalent
at the balance		 sheet date includes f1,585,048 designated to the Building Fund (2019:

3a. Income from Traditig A
g
ctivities		 Income from Traditig A
g
ctivities		 2020 2019
Feed-in tariffs, Waay(eaves
Coronavirus
Job Retent'
ention		 &Employment
S h
cheme Grants		 Allowance 6,646
17,149		 6,110
623,795 66,110
nvestment
Income		 2020 2019
Income from Investment Properaies 146,890 133,829
Income from U.IC. Listed Investments 152,336 163,505
Interest Receivable 7,482 12,261
6306,708 6309,595
Of
the
6306,708
investment		 income income income (2019: (2019: 6309,595), 6309,595), 6286,808 6286,808 relates to
the		 expendable
endowment
fund (2019:$285,133)and		 619,900 relates to designated fund (2019:f24,462).
Income from Charitable
Activities		 2020 2019
Residents
Conn ibutions		 f566,209 6570,986
All of the f566,209 income from residents contributions (2019; 6570,986) relates
to the		 almshouse
endowment
fund.
Investment
Management
Costs		 2020 2019
Permanent
Endowment
- Share		 Management Fee 13,354 14,162
Designated
Fund —Share Management		 Fee 4,603 3,537
Expendable
Endowment-
Investment
Property
Repairs		 19,550 11,598
Investment
Propel+ Refurbishment		 74,853
f37,507 6104,150
Analysis ofexpenditure
on charitable		 activities 2020 2019
Property
maintenance		 227,025 215,862
Property
refurbishment		 56,423 157,150
Property
insurance		 14,541 14,089
Utility costs 15,502 18,027
Residents'
welfare		 21,090 29,829
Depreciation 149,305 149,305
Support Costs (see note 5a) 106,636 87,372
Governance
(see note 5b)		 62,214 55,126
6652,736 f726,760
Ofthe f652,736expenditure
in		 2020(2019:6726,760),662,214 was charged to the expendable endowment
fund (2019:655,126)and 6590,522 to the almshouse endowment fund (2019:f671,634).

Support Costs —All Almshouse Support Costs —All Almshouse Support Costs —All Almshouse Endowment Endowment Fund Fund 2020 2019
Staff costs 42,569 41,526
Office costs 16,013 9,962
Communications
costs		 5,801 4,205
Citadel Court Management Fees 2,890 4,250
Legal and Professional Fees 38,137 22,939
Sundries 364 1,043
Residents
Contributions		 Waived 1,870
Bank Charges 288 405
Depreciation 574 1,172
f106,636 f87,372
Governance
Costs —All		 Expendable Endowment Fund 2020 2019
Salaries 46,493 40,108
Officers and Trustees Liability Insurance 1,603 1,596
Audit and Accountancy Services 14,118 13,422
$62,214 f55,126
Staff Costs 2020 2019
Wages and Salaries 144,088 138,948
Social Security Costs 9,957 13,077
Employer
Pension Contributions		 3,051 2,239
Teimination
Payments		 (all paid in the reporting period) 17,090
f.174,186 f.154,264
rage
mon
es
during		 thly
head-count
was
6 staff (2019: 6)
the period was as follows:		 and the average
monthly
full-time
e		 quivalent
2020 2019
No. No.
Administration 2.5 2.5
Cleaning 0,1 0.1
Gardening 1,0 1.0
Property management 1,0 1.0
4,6 4.6

2020 2019
Investments at market value comprised:
Investment Properties 3,617,698 3,474,698
Investments Listed on Recognised Stock Exchange 2,522,802 2,268,433
Investments in Collective Investment Schemes 3,470,647 3,288,210
Cash Awaiting
Investment		 293,693 87,146
f9,904,840 I9,118,487
Movements in fixed asset investments
Stock Exch. Collective Cash
Investment Listed Investment Awaiting
Properties Investments Schemes Investment Total
At 1"January, 2020 3,474,698 2,268,433 3,288,210 87,146 9,118,487
Additions
at Cost		 624,103 206,547 830,650
Changes
in		 Market Value 143,000 (20,907) 182,437 304,530
Disposals at Canying
Value		 (348,827) (348,827)
At31"December, 2020 K3,617,698 f2,522,802 f3,470,647 I293,693 $9,904,840

Stock Exchange Collective Cash
Investments Listed Investment Awaiting
As at31"December, 2020 Properties Investments Schemes Investment Total
Permanent Endowment Fund 3,617,698 1,731,613 3,402,386 56,749 8,808,446
Restricted Funds 68,261 - 68,261
Designated Fund 791,189 - 236,944 1,028,133
g3,617,698 g2,522,802 83,470,647 8293,693 89,904,840

Stock Exchange Collective Cash
Investments Listed Investment Awaiting
As at 31"December, 2019 Properties Investments Schemes Investment Total
Peimanent Endowment Fund 3,474,698 1,824,372 3,223,784 58,951 8,581,805
Restricted Funds 64,426 - 64,426
Designated Fund 444,061 - 28,195 472,256
I3,474,698 f2,268,433 f3,288,210 f87,146 I9,118,487
The Permanent
Endowment		 Fund includes investments from the Standish Weaver
bequests		 Weaver
bequests		 with
a
historical cost off25,122.
Analysis ofCurrent Assets 2020 2019
Debtors 9,586 8,967
Other Debtors and Prepayments 83,966 18,848
Cash at Bank and in Hand 1,755,856 1,989,875
Inter-fund
Debtor		 25,072 25,072
f1,874,480 f2,042,762
nalysis ofCurrent Liabilities 2019 2019
Creditors 21,680 23,876
Accrued Expenses 44,134 21,118
Inter-fund
Creditor		 25,072 25,072
f90,886 f70,066

Extraordinary Extraordinary Almshouse Permanent
Expendable Repair Endowment Designated Endowment
Endowment Fund Fund Fund Fund
Contribution to Extraordinary Repair Fund (5,250) 5,250
Surplus
Residents
Contributions,
excluding Depreciation 124,992 (124,992)
Amount
withdrawn
from Extraordinary
Repair Fund 5,250 (5,250)
Funds set aside for future development (350,000) 350,000
Almshouse deposit paid 66,000 (66,000)
Net Inward/(Outward)
Transfers		 f(225,008) f(58,992) 8284,000
Analysis ofMovements in Funds
Realised and
Unrealised
Gains/(Losses)
Balances at on Balances at
01/0 I/20 Income Expenditure Investments Transfers 31/12/20
Expendable Endowment Fund 155,583 310,603 (81,764) - (225,008) 159,414
Restricted funds:-
Extraordina&y
Repair Fund		 61,956 4,020 65,976
Sugden Bettison Fund 2,470 (185) 2,285
Almhouse Endowment Fund 7,732,265 566,209 (590,522) - (58,992) 7,648,960
Designated Building
Fund		 2,316,320 19,900 (4,603) (2,436) 284,000 2,613,181
Permanent Endowment Fund 8,556,733 (13,354) 239,995 8,783,374
818,825,327 f896,712 g(690,243) 8241,394 819,273,190
Analysis ofMovements in Funds —Prior Year
Realised and
Unrealised
Gains/(Losses)
Balances at on Balances at
01/01/19 Income Expenditure Investments Transfers 31/12/19
Expendable Endowment Fund 257,260 291,243 (141,577) (251,343) 155,583
Restricted funds:-
Extraordinary
Repair Fund		 57,925 4,031 61,956
Sugden Bettison Fund 2,175 295 2,470
Almhouse Endowment Fund 7,881,570 570,986 (671,634) (48,657) 7,732,265
Designated Building
Fund		 1,961,259 24,462 (3,537) 34,136 300,000 2,316,320
Permanent Endowment Fund 7,895,767 (14,162) 675,128 8,556,733
f18,055,956 f886,691 8(830,910) f713,590 f. - f18,825,327