|||Page||
|---|---|---|---|
|Report ofthe|Trustees|1 to|2|
|Independent|Examiner's
Report|||
|Statement of|Financial Activities|||
|Balance Sheet||||
|Notes to the|Financial Statements|6 to|14|
|Detailed Statement of Financial Activities||15 to|16|
##
##
##
##
|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||Unrestricted|Restricted||Endowment|Total|Total|
|||funds|funds|~|funds|funds|funds|
||Notes|E|E||F.|f,|E|
|INCOME AND ENDOWMENTS||||||||
|FROM||||||||
|Charitable
activities|3|||||||
|Residential
accommodation||108,245||||108,245|119,200|
|Investment
income||24,996||||24,996|25,594|
|Other income||9,320||||9,320|8,117|
|Total||142,561||||142,561|152,911|
|EXPENDITURE ON||||||||
|Raising funds||1,738|||8,673|10,411|8,043|
|Charitable
activities||||||||
|Residential accomodation||173,110||||173,110|147,874|
|Total||174,848|||8,673|183,521|155,917|
|Net gains on investments|||53,720||149.265|202,985|166.204|
|NET INCOME/(EXPENDITURE)||(32,287)|53,720||140,592|162,025|163,198|
|Transfers between
funds|17|865|||(865)|||
|Net movement
in funds||(31,422)|53,720||139,727|162,025|163,198|
|RECONCILIATION
OF FUNDS||||||||
|Total funds brought forward||122,145|308,989||2,837,442|3,268,576|3,105,378|
|TOTAL FUNDS CARRIED||||||||
|FORWARD||90,723|362,709||2,977,169|3,430,601|3,268,576|
##
##
||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Endowment|Total|Total|
|||||funds|funds|funds|funds|funds|
||||Notes|E||E||E|
|FIXED ASSETS|||||||||
|Tangible assets|||13|||1,400,000|1,400,000|1,400,000|
|Investments|||14||362,709|1,544,163|1,906,872|1,726,995|
||||||362,709|2,944,163|3,306,872|3,126,995|
|CURRENT ASSETS|||||||||
|Debtors|||15|2,983|||2,983|2,742|
|Cash at bank|and in hand|||93,801||35,171|128,972|148,372|
|||||96,784||35,171|131,955|151.114|
|CREDITORS|||||||||
|Amounts
falling due within|||||||||
|one year|||16|(6,061)||(2,165)|(8,226)|(9,533)|
|NET CURRENT ASSETS||||90,723||33,006|123,729|141,581|
|TOTAL ASSETS|LESS CURRENT||||||||
|LIABILITIES||||90,723|362,709|2,977,169|3,430,601|3,268,576|
|NET ASSETS||||90.723|362,709|2,977,169|3,430.601|3,268,576|
|FUNDS|||17||||||
|Unrestricted
funds:|||||||||
|Income and|expenditure||account||||55,627|87,055|
|Cyclical maintenance||fund|||||35,096|35,090|
||||||||90,723|122,145|
|Restricted funds:|||||||||
|Extraordinary|repair fund||||||362,709|308,989|
|Endowment
funds:|||||||||
|Capital funds|||||||1,577,169|1,437,442|
|Building fund|||||||1,400,000|1,400,000|
||||||||2,977,169|2,837,442|
|TOTAL FUNDS|||||||3,430,601|3,268,576|
##
##
##
##
##
##
##
##
##
##
##
|INVESTMENT|INCOME|||||
|---|---|---|---|---|---|
|||||2021|2020|
||||||E|
|Investment|income|||24,986|25,380|
|Interest received||||10|214|
|||||24,996|25,594|
|INCOME FROM CHARITABLE||ACTIVITIES||||
|||||2021|2020|
|||Activity||E||
|Residents fees||Residential|accommodation|108,245|119,200|
|OTHER INCOME||||||
|||||2021|2020|
|||||F.||
|Lodge rents||||6,521|6,360|
|CJRS grant||||2,799|1,757|
|||||9,320|8,117|
##
|||||||||
|---|---|---|---|---|---|---|---|
|5.|RAISING FUNDS|||||||
||Investment||management|costs||||
|||||||2021|2020|
|||||||R|E|
||Investment||advisors fees|||8,673|7,280|
||Rent collection|||||1.738|763|
|||||||10.411|8,043|
|6.|CHARITABLE||ACTIVITIES COSTS|||||
||||||Direct|Support||
||||||Costs (see|costs (see||
||||||note 7)|note 8)|Totals|
|||||||E|E|
||Residential||accomodation||151,821|21,289|173,110|
|7.|DIRECT COSTS OF CHARITABLE ACTIVITIES|||||||
|||||||2021|2020|
||||||||f.|
||Staff costs|||||47,761|45.019|
||Waterrates|||||2,426|2,597|
||Insurance|||||2,903|2.838|
||Light and heat|||||17,075|19,011|
||Telephone|||||460|544|
||Postage and stationery|||||275|184|
||Advertising|||||170|170|
||Sundries|||||400|639|
||Provisions|||||15,739|17,244|
||Laundry
8,cleaning
Repairs and renewals|||||1,165
42,535|986
24,279|
||Gardening|||||19,556|16,453|
||Subscriptions|||||505|493|
||Bank charges
Council tax|||||56
795|45|
|||||||151,821|130,502|
|8.|SUPPORT COSTS|||||||
|||||||Governance||
||||||Management|costs|Totals|
||||||F.|F.|E|
||Residential|accomodation|||16,390|4,899|21,289|
##
##
|Management|||||
|---|---|---|---|---|
||||2021|2020|
||||Residential|Total|
||||accomodation|activities|
|Payroll administration|||816|771|
|Clerk's remuneration|||15,574|14,861|
||||16,390|15,632|
|Governance|costs||||
||||2021|2020|
||||Residential|Total|
||||accomodation|activities|
||||E|F.|
|independent|examiners|fees|1,729|1,740|
|Legal fees|||3,170||
||||4,899|1,740|
##
##
##
##
##
|STAFF COST|S||||||
|---|---|---|---|---|---|---|
||||||2021|2020|
||||||F.|E|
|Wages and|salaries||||47,443|44,715|
|Other pension costs|||||318|304|
||||||47,761|45,019|
|The average
monthly||number|ofemployees|during the year was as follows:|||
||||||2021|2020|
|Charitable|activities||||4|4|
|12.|COMPARATIVES
FOR THE STATEMENT OF FINANCIAL|COMPARATIVES
FOR THE STATEMENT OF FINANCIAL|COMPARATIVES
FOR THE STATEMENT OF FINANCIAL|ACTIVITIES||||
|---|---|---|---|---|---|---|---|
||||Unrestricted||Restricted|Endowment|Total|
|||||funds|funds|funds|funds|
||||||E|R||
||INCOME AND ENDOWMENTS|FROM||||||
||Charitable
activities|||||||
||Residential
accommodation||119,200||||119,200|
||Investment
income|||25,594|||25,594|
||Other income|||8,117|||8,117|
||Total||152,911||||152.911|
||EXPENDITURE ON|||||||
||Raising funds|||764||7,279|8,043|
||Charitable
activities|||||||
||Residential
accomodation||147,874||||147,874|
||Total||148.638|||.7,279|155,917|
||Net gains on investments||||27,544|138,660|166,204|
||NET INCOME|||4,273|27,544|131,381|163,198|
||Transfers between
funds|||2,039||(2,039j||
||Net movement
In funds|||6,312|27,544|129,342|163,198|
||RECONCILIATION
OF FUNDS|||||||
||Total funds brought forward||115,833||281,445|2,708,100|3.105,378|
||TOTAL FUNDS CARRIED FORWARD||122,145||308989|2,837,442|3,268,576|
|14.|FIXED ASSET INVESTMENTS|FIXED ASSET INVESTMENTS||||
|---|---|---|---|---|---|
||||Listed|Unlisted||
||||investments|investments|Totals|
||||f.|E|E|
||MARKET VALUE|||||
||At I January
2021||1,418,006|308,989|1,726,995|
||Additions||147,676||147,676|
||Disposals||(170,784)||(170,784)|
||Revaluations||149,265|53,720|202,985|
||At 31 December|2021|1,544,163|362,709|1,906.872|
||NET BOOK VALUE|||||
||At 31 December|2021|1,544,163|362,709|1,906,872|
||At 31 December|2020|1,418,006|308,989|1,726,995|
||Investment
assets held in the UK and overseas are analysed||as follows:|||
||UK Equities 8, Bonds||||18.0%|
||North American|Equities|||14.8%|
||European
Equities
Asia Equities||||2.3%
3.4%|
||Global investments||||45.1%|
||Absolute
return||||3.8%|
||Property||||2.1%|
||Overseas bonds||||3.9%|
||Other||||6.6%|
||
Absolute
return
Property
Overseas bonds
Other|
Absolute
return
Property
Overseas bonds
Other|||||||.
3.8%
2.1%
3.9%
6.6%|
|---|---|---|---|---|---|---|---|---|---|
||The investments||are|stated at market||value as shown above and changes|in the|valuation|of the|
||investments|are|shown||in the above note. The original cost of the listed investments|||is R965.992.||
|15.|DEBTORS:AMOUNTS|||FALLING DUE WITHIN||ONE YEAR||||
||||||||2021|2020||
||||||||E||F.|
||Prepayments||||||2,983||2,742|
|16.|CREDITORS:|AMOUNTS|||FALLING DUE WITHIN ONE YEAR|||||
||||||||2021|2020||
||||||||E||F.|
||Accrued expenses||||||8,226||9,533|
##
##
|MOVEMENT
IN FUNDS|||||||
|---|---|---|---|---|---|---|
|||||Net|Transfers||
|||||movement|between|At|
||||At 1.1.21|in funds|funds|31.12.21|
||||R|E|E||
|Unrestricted
funds|||||||
|Income and expenditure||account|87,055|(32,293)|865|55,627|
|Cyclical maintenance|fund||35,090|6||35,096|
||||122,145|(32,287)|865|90,723|
|Restricted funds|||||||
|Extraordinary
repair fund|||308,989|53,720||362,709|
|Endowment
funds|||||||
|Capital
funds|||1,437,442|140,592|(865)|1,577,169|
|Building fund|||1,400,000|||1,400,000|
||||2,837,442|140,592|(865)|2,977,169|
|TOTAL FUNDS|||3,268,576|162,025||3,430,601|
|Net movement
in funds,||included|in the above are as follows:||||
||||Incoming|Resources|Gains and|Movement|
||||resources|expended|losses|in funds|
|||||R||E|
|Unrestricted
funds|||||||
|Income and expenditure||account|142,555|(174,848)||(32,293)|
|Cyclical maintenance|fund||6|||6|
||||142,561|(174,848)||(32,287)|
|Restricted funds|||||||
|Extraordinary
repair fund|||||53,720|53,720|
|Endowment
funds|||||||
|Capital funds||||(8,673)|149,265|140,592|
|TOTAL FUNDS|||142,561|(183,521)|202,985|162,025|
|17.|MOVEMENT
IN FUNDS|- continued|- continued|- continued|||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||Comparatlves
for movement|||in funds|||||||||||||||||
||||||||||||||Net|||Transfers|||||
||||||||||||||movement|||between||||At|
||||||||||At 1.1,20||||in funds|||funds||||31.12.20|
||||||||||||||f.|||F.|||||
||Unrestricted
funds||||||||||||||||||||
||Income and expenditure||account||||||80,835||||4,181|||2.039||||87,055|
||Cyclical maintenance|fund|||||||34,998||||92|||||||35,090|
||||||||||115,833||||4,273|||2,039||||122,145|
||Restricted funds||||||||||||||||||||
||Extraordinary
repair fund||||||||281,445||||27,544|||||||308,989|
||Endowment
funds||||||||||||||||||||
||Capital funds|||||||1,308,100|||||131,381|||(2,039)|||1,437.442||
||Building fund|||||||1,400,000|||||||||||1,400,000||
|||||||||2,708,100|||||131,381|||(2,039)|||2,837,442||
||TOTAL FUNDS|||||||3,105,378|||||163,198||||||3,268,576||
||Comparative
net movement|||in funds,||included|||in the above||||are as follows:||||||||
|||||||||Incoming|||||Resources||Gains and||||Movement||
|||||||||resources||||expended||||losses|||in funds||
||||||||||E||||E|||E||||E|
||Unrestricted
funds||||||||||||||||||||
||Income and expenditure||account||||||152,819||||(148,638)|||||||4,181|
||Cyclical maintenance|fund|||||||92|||||||||||92|
||||||||||152,911||||(148,638)|||||||4,273|
||Restricted funds||||||||||||||||||||
||Extraordinary
repair fund|||||||||||||||27,544||||27,544|
||Endowment
funds||||||||||||||||||||
||Capital
funds||||||||||||(7,279)|||138,660||||131,381|
||TOTAL FUNDS||||||||152,911||||(155,917)|||166,204||||163,198|
||Endowment
funds||||||||||||||||||||
||The
Building
Fund
was||established|||in|1927||with
the||purchase
of|||the||trust's|first||property
in||
||Scarborough.
The fund|is|represented||wholly|||by freehold||property
held||||as|fixed assets.||||||
||The Capital
Fund was initially|||set up with|||two|Pecuniary||Legacies and||||various securities|||||which
were||
||received upon the death||of Mr EJ Gross||||and|Miss M Smart.|||The fund has grown since that|||||||||time
with|
||the addition
of any net profits|||earned|on||the|disposal ofinvestment
assets.|||||||||||||
||Restricted
funds||||||||||||||||||||
||The Extraordinary
Repair||Fund was established||||||to fund|extraordinary||||items of repair|||||expenditure,||
||improvements
or rebuilding|||of the|homes.||||Appropriations||||are made|||to or from|||this|fund
as|
||considered
necessary|by|the|trustees.|||Transfers
are made||||||from
the|fund to cover|||||exceptional||
||expenditure.
The fund|is|represented|||by|cash||at bank and|||current asset|||investments.|||The||fund
also|
||reflects the annual
revaluation|||ofthe|unlisted|||investments.|||||||||||||
##
##
##
##
##
|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|The carrying|amounts
ofthe charity's||financial|instruments|are as|||
|follows:||||||||
|Financial assets measured||at fair value||||||
|Fixed|asset listed investments|||||1,544, 164|1,418,006|
|Fixed|asset unlisted|investments||||362,709|308,989|
##
##
||||2021|2020|
|---|---|---|---|---|
||||E||
|INCOME AND|ENDOWMENTS||||
|Investment
income|||||
|Investment
income|||24,986|25,380|
|Interest received|||10|214|
||||24,996|25,594|
|Charitable
actlvNles|||||
|Residents fees|||108,245|119,200|
|Other income|||||
|Lodge rents|||6,521|6.360|
|CJRS grant|||2,799|1,757|
||||9,320|8,117|
|Total incoming|resources||142,561|152,911|
|EXPENDITURE|||||
|Investment
management||costs|||
|Investment
advisors fees|||8,673|7,280|
|Rent collection|||1,738|763|
||||'I0,411|8,043|
|Charitable
activities|||||
|Wages
Pension contributions|||47,443
318|44,715
304|
|Waterrates|||2,426|2,597|
|Insurance|||2,903|2.838|
|Light and heat|||17,075|19,011|
|Telephone|||460|544|
|Postage and stationery|||275|184|
|Advertising|||'I70|170|
|Sundries|||400|639|
|Provisions|||15,739|17,244|
|Laundry
8, cleaning|||1,165|986|
|Repairs and renewals|||42.535|24,279|
|Gardening|||19.556|16,453|
|Subscriptions|||505|493|
|Bank charges|||56|45|
|Council tax|||795||
||||151,821|130,502|
|Support costs|||||
|Management|||||
|Payroll administration|||816|771|
|Carried forw ard|||816|771|
##
|Management|||
|---|---|---|
|Brought forward|||
|Clerk's remuneration|||
|Governance|costs||
|Independent|examiners|fees|
|Legal fees|||
|Total resources|expended||
|Net expenditure|||