2021-06-30-accounts - Joseph Crossley's Almshouses

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THK BOARD OFDIRECTORS	KAppleyard	Chair
	LMullen	Vice chair
	A Kendall
	M Archer
	RA Price
	IKendall
	I Walker
	C Walker
	IHudson
	P Bowerman
TREASURER	LGolden
REGISTERED OFFICE	Arden Road
	Halifax
	West Yorkshire
	HX1 3AA
AUDITOR	Spenser Wilson	Ltd
	Chartered Accountants &statutory		auditor
	Equitable House
	55 Pelion Lane
	Halifax
	West Yorkshire
	HX1 5SP
BANKERS	Barclays Bank Plc P0Box 14
	Halifax
	West Yorkshire
	HX1 IBG
SOLICITORS	Wilkinson Woodward
	11 Fountain Street
	Halifax
	West Yorkshire
	HX1 1LU

			2021	2020
		Note
TURNOVER		4	101,394	109,776
GROSS PROFIT			101,394	109,776
Operating expenditure			113,730	137,550
Other operating income		5	14,658	13,614
OPERATING PROFIT/(LOSS)		6	2,322	(14,160)
Gain/(loss) on financial assets at	fair value through profit or loss		15,076	(1,207)
DEFICIT FOR THE FINANCIAL YEAR			17@98	(15,367)
Tax on profit/(loss)
PROFIT/(LOSS) FORTHE FINANCIAL YEARAND TOTAL
COMPREHENSIVE INCOME			17,398	(15,367)
RETAINED EARNINGS AT THK START OFTHK YEAR			247,376	262,743
RETAINED EARNINGS AT THK END OFTHK YEAR			264,774	247,376
All the activities ofthe company	are from continuing operations.

			2021	2020
CASH FLOWS FROM OPERATING ACTIVITIES
Profit/(loss) for the financial year			17,390	(15,367)
Adj us/ments for:
Depreciation oftangible assets			7,021	7,021
Government grant income			(6,246)	(6,246)
(Gain)/loss on financial assets at fair value through		profit or loss	(15,076)	1,207
Accrued expenses			50,239	793
Changesin:
Trade and other debtors			3,579	(3,570)
Trade and other creditors			(13,123)	10,966
Cash generated from operations			43,792	(5,196)
Net cash from/(used in) operating	activities		43,792	(5,196)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases ofother investments			(2,459)	(2,196)
Net cash used in investing activities			(2,459)	(2,196)
NKT INCREASE/(DECREASE)	IN CASH AND CASH
EQUIVALENTS			41,333	(7,392)
CASH AND CASH EQUIVALENTS AT BEGINNING OFYEAR			63,679	71,071
CASH AND CASH EQUIVALENTS AT KND OFYEAR			105,012	63,679

5.	OTHER OP	ERATING INCOME
				2021	2020
	Government	grant income		6,246	6,246
	Investment income			7,176	6,867
	Bank interest	receivable		410	474
	Other income			826	30
				14,658	13,614
6.	OPERATING PROFIT
	Operating profit or loss is stated after charging:
				2021	2020
				g
	Depreciation	oftangible assets		7,021	7,021
7.	AUDITOR'S	RKMUNKRATION
				2021	2020
				5
	Fees payable	for the audit ofthe financial	statements	2,500	2,150

The average n amounted to:	umber ofpersons emp	loyed by the charity during the year, including t	he trustees,
		2021	2020
		No.	No.
		1	1
The aggregate	payroll costs incurred	during the year, relating to the above, were:
		2021	2020
Wages and salaries		10,661	10,478
Other pension	costs	131	129
		10&792	10,607

10.	TANGIBLE ASSET	S
					Freehold
					property
					5
	Cost
	At 1July 2020 and 30June 2021				702,080
	Depreciation
	At 1 July2020				176,215
	Charge for the year				7,021
	At 30June 2021				183,236
	Carrying amount
	At 30June 2021				518,844
	At 30June 2020				525,865
11.	DEBTORS
				2021	2020
				5
	Trade debtors				560
	Prepayments and accrued income			632	3,620
	Other debtors				31
				632	4,211
12.	INVKSTMKNTS
				2021	2020
	NAACIF investment			56,403	49,436
	COIF investment			91,664	79,817
	Charinco investment			70,860	72,139
				218,927	201,392
13.	CREDITORS: amounts		falling due within one year
				2021	2020
	Trade creditors			5,108	19,117
	Accruals and deferred	income		62,032	11,793
	Social security and other		taxes	55	164
	Other creditors			995
				68,190	31,074

The amounts	recogni	sed in the financial statements for government	grants are as follo	ws:
			2021	2020
Recognised	in creditors:
Deferred government		grants due within one year	6,246	6,246
Deferred government		grants due after more than one year	449,571	455,817
			455,817	462,063
Recognised	in other	operating income:
Government	grants	released to profit or loss	6446	6,246