2020-12-31-accounts - York City Charities

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INDEX		PAG E
TRUSTEES REPORT		1-5
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES
STATEMENT OF FINANCIAL	ACTIVITIES
BALANCE SHEET
NOTES TO THE FINANCIAL	STATEMENTS	9-19

Charity	name	name		York City Charities
Charity	number			224227
Correspondence			address:	19Clillord Street
				YORK
				YO1 9RJ
Charity	address:			Folhergil Homes
				41 Avenue Road
				YORK
				YO30 6AY
The trustees		ofthe charity are:		Mm A Hamilton (Chair)
				Mm M Browne
				Mr I Carslairs OBE
				Councigor S H Daubenay
				Mr C N Jacques
				Mr FA Johnson
				Councillor D Myers
				Mrs ERamage
Clerk:				Mr M Richard Watson
Warden:				Dawn Green
Professional		Advisers:
Bankers:				HSBC Bank PLC	CAF	Cash Limited
				13Parliament Street	Kings	Hill
				YORK	West	Mailing
				YO1 8XS	Kent	ME194TA
				Scotlish Widows
				PO Box12757
				67 Morrison Drest
				Edinburgh
				EH3 8YJ
Solidtors:				Cromtse Wilkinson
				19Clillord Street
				YORK YO19RJ
Independent		erra	miner:	N Clemit ACA, FCCA
				JWPCmers LLP
				Chartered Accountants
				Genesis 5
				Church Lane
				Hesllngton
				York YO105DQ
Investrrent		manages		CCLA
				Senator House
				85Queen Victoria Street
				london
				EC4V 4ET

			Notes	Unrestricted	Restricted	Endowment	Tolal	Total
							2020	2019
INCOME
Donations
Charitable activities:
Contributions from residents				249,311			249,311	237,873
Other trading activities:
Rent				17,820			17,82D	17,820
Irwestment income			2	3,128	267		3,395	14,837
Other income				731			731	660
Total income				270,990	267		271,257	271,190
EXPENDITURE
Raising funds:
Rental property expenditure								834
Charitable activities:
Almshouses expenditure			3	207,892			207,892	248.783
Grants payable			6		2,440		2,440	1,423
Total expenditure				207,892	2,440		210,332	251,D40
Net income/(expenditure)	before
gains/(losses) on investment				63,098	(2,173)		60,925	20,150
Gains/(losses) on investment		assets		26,413	557	27,157	54,127	9D,689
Net income/(expenditure)				89,511	(1,615)	27,157	115,052	110,839
Transfer between funds				(40,221)	37,119	3,102
Net movement in funds				49.290	35.503	30.259	115,052	110.839
Reconciliation offunds:
Fund balance brought forward			st
1January 2020				801,213	13,662	806,013	1,620,888	1,510,049
Fund balances carrhd forward			at
31 December 2020				850,503	49,165	836,272	1,735,940	1,620,888

		Notes			2019
					6
FIXEDASSETS
Tangible fixed assets				753,523	752,562
Irwestments				643,179	589,052
				1,396,702	1,341,614
CURRENTASSETS
Debtors and prepayments		10	4,826		4,823
Cash at bank and in hand			361,795		304,033
			386,621		306,856
LIABILmES: Amounts	falling due
within	one year	11	(27,383)		(29,582)
NET CURRENT ASSETS				339,238	279,274
TOTAL NET ASSETSLESSCURRENT		LIABILITIES		1,735,940	1,620,888
The funds ofthe charity
General funds			201,201		203.233
Designated funds			649,302		597,980
Unre estele d		12		850,503	801,213
Restricted		13		49,165	13,662
Endowment		14		836.272	806.013
Total charity funds		15		1,735.940	1,620,888

					2020	2020
				General	Restricted	Endowment	Total
				funds	funds	funds	funds
				E			E
	Accurnulatian units income
	Dividends received fram
	Unit Holdings in the	UK		2,915	267		3,182
	Interest on cash deposits
	held in the UK			213			213
				3,128	267		3,395
					2D19
				General	Restricted	Endowment	Tata	I
				funds	funds	funds	funrls
						E	f
	Accumulation units income			6,341			11,399
	Dividends received fram
	Unit Holdings in the	UK		2,858	261		3,119
	Interest on cash deposits
	held in the UK			319			319
				9,518	261		14,837
3.	ALMSHOUSES	EXPENDITURE
					Unrestricted	Unrestricted
					8 Total	&Total
					2020	2019
	Wsrdens and assistants		salary
	and expenses				24.188	21.688
	Pension costs				2,118	1,967
	Ryecsre —Warden call				9,145	9,085
	Subscriptions				490	459
	Telephone				551	393
	Insursnces				2,850	2,820
	Professional fees				996	724
	Salary ofthe clerk				23.232	21,882
	Accountancy				14,110	1D,498
	Cleaner and gardener's		salary
	and expenses				31,448	30,294
	Heating, llghsng	snd water			53,896	48,789
	Tenants amenities				2,414	4.623
	Repairs and maintenance				34,222	90,185
	Printing, postage	etc			1,111	1,218
	General sundries				4,233	2.253
	Depredation				2,888	1,925
					207,892	248,783

STAFF	COSPi
			2020	2019
			6
Wages	and salaries		53,993	50,630
Pension	costs		2,118	1,967
Pension	administration	costs	360	61D
			56,471	53,2D7
			2020	2019

				2D2D
				6
Independent	examiner's	fees (including	VAT)	3,300	3,200
Other services (including		VAT)		10,810	7,298
				14,110	10,498

To capital replacement fund				(102)
Topoors branch fund*				(36,969)
Toadvancement branch fund				(150)
To extraordinary repair fund				(3,055)
To modernisation and maintenance	fund			(51,600)
Tofixed asset fund				(3,961)
Net transfers (from) general funds				(95,637)
From bungalow fund to loan replacement		fund		(3,000)
From general funds to extraordinary	fund			3,055
From general funds to modernlsatlon	and	maintenance	fund	51,6DD
From general funds tofixed asset fund				3,961
Net transfers to designated funds				55,616
Net transfers (from) unrestricted funds				(40,221)
From general funds to capital replacement		fund		102
From bungalow fund to loan replacement		fund		3,000
Net transfers to endowment funds				3,102
From general funds to poors branch	fund*			36,969
From general funds to advancement	branch fund			150
Net transfers to restricted funds				37,119

TANGIBLE	FIX	EDASSETS
			Freehokl
			land snd	Fixtures and
			buildings	fitting	Total
			6		F
Cost
At 1 January	2020		746,792	28,846	775,638
Additions				3,849	3,849
At 31 December		2020	746,792	32,695	779,487
Accumulated	depreciation
At 1 January	2020			23,076	23.076
Depreciation	charge for the year			2,888	2,888
At 31 December		2020		25,964	25.964
Net book value
At 31 December		2020	746,792	6,731	753,523
At 31 December		2D19	746,792	5,770	752,562
INVESTMENTS
				2020	2019
				E
UK tiuoted	investments
Market value	1 January 2020			589,052	486,964
Aocumulation	units				11,399
Net gain/(lass) on revaluation				54,127	90,689
Market value	31 December 2020			643,179	589,052
The investments		consist ofCOIF Charity Funds.
DEBTORS
				202D	2019
				E
Other debtors				3,086	3.086
Prepeyments				1,740	1,737
				4,826	4.823

LIABILmES	: AMOUNTS	FALLING D	UE WITHIN	ONE YEAR
						2020	2019
							f
Trade creditors						4.318	5,228
Other creditors						11.016	10,162
Accruals						12,049	14,192
						27,383	29,582
UNRESTRICTED FUNDS
		Balance				Gains and	Balance 31
		1 January				(losses) an	Deoember
		2020	Income	Expenditure	Transfers	investments	2020
		E
General funds		2D3,233	270,825	(195,463)	(95,837)	18,443	201,201
Designated ~inary	funds repair fund	93,650			3,055	7,970	104,675
Modernisation	and
maintenance	fund	154,813	125	(12.429)	51.600		194,109
Majar works	fund	50,093	40				50,133
Bungalow lund		1D8,DOO			(3,00D)		105,00D
Fixed asset fund		191,424			3,961		195,385
		801,213	270.990	(207.892)	(40.221)	26.413	850.503
				2019
		Balance				Gains and	Balance 31
		1 January				(losses) on	December
		2019	Income	Expenditure	Transfers	investments	2019
		6			8	2	2
General funds		262,904	263,708	(202,193)	(150,290)	29,104	203,233
Designated	funds
Exlraord inary	repa irfund	76,105	1,913		3,055	12,577	93,650
Madernlsation	and
maintenance	fund	152,262	175	(47,424)	49,80D		154,813
Major works	fund	50,018	75				50,093
Bungalow fund		111,000			(3,000)		108,000
Fixed asset fund					191,424		191,424
		652,289	265,871	(249,617)	9D,989	41,681	801,213

RESTRICTED	RESTRICTED	FUNDS
			Balance				Gains and	Balance 31
			1 January				(losses) an	December
			2020	Income	Expenditure	Transfers	investments	2020
			6	6	6	6	E	6
Lady Hewley's		Charity	9,411	267	(500)		557	9,735
Pours branch			1,964		(1,940)	36,969		37,013
Advancement		branch	2,267			150		2,417
			13,662	267	(2,440)	37,119	557	49,165
					2019
			Balance				Gains and	Balance 31
			1 January				(losses) on	December
			2019	Income	Expenditure	Transfers	invesbnents	2019
			E					E
Lady Hewley's		Charity	7,979	261	(150)		1,321	9,411
Paors branch			1,626		(1,273)	1,631		1,964
Advancement		branch	2,117			150		2,267
Extension reserve			3,500			(3,5DD)
Community	Lottery Fund		92,372			(92,372)
			107,594	261	(1,423)	(94,091)	1,321	13,662

		Balance				Gains and	Balance 31
		1 January				(losses) on	December
		2020	Income	Expenditure	Transfers	investments	2020
		6	E	E	E	E	8
Capital fund (Note	16)	548,335				6,088	554,423
Capital replacement	fund	215,676			102	21,069	236.849
Loan replacement	fund	42,DOO			3,DOO		45,00D
		806,013			3,102	27,157	836,272
				2019
		Balance				Gains and	Balance 31
		1 January				(losses) on	December
		2019	Income	Expenditure	Transfers	investments	2019
		8					8
Capital fund (Note	t6)	533,895				14,440	548,335
Capital replacement	fund	177,271	5,058		102	33,247	215,678
Loan replacement	fund	39,DOO			3,DOO		42,000
		750,166	5,D58		3,102	47,687	806,013

ANALY	SIS OF NETASSETS B	ETWEEN FUNDS
		Unrestricted	Restricted	Endowment
		E	E	8
Tangible	fixed assets	300,385		453,138	753,523
investments		296,289	9,267	337,623	643,179
Current	assets	281,212	39.898	45,511	366.621
Current	liabilities	(27,383)			(27,383)
		850,503	49,165	836,272	1,735,940
		Unrestricted	Restricted	Endowment
		6	E	E
Tangible	fixed assets	299,424		453,138	752,562
Investments		289,876	8,710	310,486	589,052
Cvrrent	assets	261,495	4,952	42,409	308,856
Current	liabilities	(29,582)			(29,582)
		801,213	13,662	806,D13	1,62D,888

						Market
						Value	income
						E	6
3,416.39	Income	shares	(Smith)		3,828	61,534	1.771
762.00	Income	shares	(York Municipal	Charities)	907	13,726	395
1,444.91	Income	shares	(Chapman)		983	26,025	749
					5,718	101,285	2.915
mshouses						453,138
						554,423