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||||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:|
##
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##
##
|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|
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