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||FOR THE YEARENDED 31MARCH 2021|
|---|---|
||INDEX TO FINANCIAL STATEMENTS|
|Page No.||
|1-5|Report ofthe Trustees|
|6-7|Report ofthe Independent
Examiners|
||Statement ofFinancial Activities|
||Balance Sheet|
|10-16|Notes to the Financial
Statements|
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|||Notes|Unrestricted
Funds
2021
8|Endowment
Funds
2021|Unrestricted
Funds
2020|Endowment
Funds
2020
8|
|---|---|---|---|---|---|---|
|Income|||||Restated|Restated|
|Income from charitable|activities:||||||
|Almshouse
maintenance|contributions||43,093||39,560||
|Income from other trading activities:|||||||
|investment
property rents
lavestments|||84,087||79,260||
|Donations
Grant Income|||4,470
15||1,569
946||
||||10,000||||
|Total Income|||141,665||121,335||
|Expenditure|||||||
|Cost ofgeaerating
funds|||||||
|Investment
property maintenance
Charitable
activities
Support costs||16
16|26,496
76,861
13,968||18,749
74,794
10,206||
|Total expenditure|||117,325||103,749||
|Net income before other recognised
gains aad losses
Other recognised
gains and losses|||24,340||17,586||
|Transfer to restricted funds
Transfer to endowment
funds|||(32,500)||(35,000)||
|Gains / (losses) on other investment
assets|||67,183|527,500|(25,037)||
|Net movemeat
in funds|||59,023|527,500|(42,451)||
|Reconciliation offunds|||||||
|Total funds brought forward 1April
2020|||380,842|3,522,500|2,135,793||
|Prior Year Adjustment|||||||
||||||1,712,500|3,522,500|
|Total funds carried forward
March 2021|31||439,865|4,050,000|380,842|3,522,500|
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|||Notes|2021|2021|2020|2020|
|---|---|---|---|---|---|---|
||||||f||
|FIXEDASSETS|||||Restated|Restated|
|Almshouses
invesunent
pmpe8ty
Computer
equipment
Other investments||||1,810,000
2,240,000
295
414799||l.08 la,OOO
1,7l2,500
590
268 682|
|CURRENT ASSETS||||4,465,094||3,791,772|
|Debtors
Investments
Cash at bank||9
10|2,679
1.96,633
0464||2,639
231,380
27 998||
|CREDITORS: Amounts|falling due||207,776||262,014||
|within one year||I2|22II6||2 I46||
|NET CURRENT ASSETS||||205,570||259,869|
|NET ASSETS
FUNDS||||4 670,664||4 07 I 641|
|Endowment
funds
Restricted reserves
Unrestricted
reserves||14
i3||40050,000
180,799
439,865||3„522,500
l48,299
380,842|
|TOTAL CHARITY FUNDS||||49670,664||4,05i,641|
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|TRUSTEES AND|EMPLOYEES||||
|---|---|---|---|---|
||||2021|2020|
|The average weekly number ofpersons (including||the Clerk|||
|to the Trustees) employed|during the year was:||||
|Staff costs (for the above|persons)||||
|Wages and salaries|||25,149|24,495|
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|||||2021|2020|
|---|---|---|---|---|---|
|Charities|Official Investment||Fund Interest|252|1,562|
|Bank Deposit Interest||||284|7|
|Investment|Dividends|and Interest||3,934||
|||||4,470|1,569|
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|||Freehold|Total|
|---|---|---|---|
|||Land &||
|||Buildings||
|Valuation||1,810,000|1,810,000|
|Revaluations||||
|Cost or Revalued|amount restated|1810,000|1810000|
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||||Freehold|Total|
|---|---|---|---|---|
||||Land &||
||||Buildings||
|Cost or Revalued|amount|restated|1,712,500|1,712,500|
|Revaluations|||527,500|527,500|
|Cost or Revalued|amount|restated|2240 000|2240 000|
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|7.
COMPUTER EQUIPMENT|||
|---|---|---|
||2021|2020|
|NBV Brought Forward|590||
|Addition||885|
|Depreciation|295|295|
|NBV Carried Forward|295|590|
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|||NOTES TO|THE FINANCIAL STATEM|THE FINANCIAL STATEM|THE FINANCIAL STATEM|ENTS||
|---|---|---|---|---|---|---|---|
|||FOR THE|YEARENDED 31MARCH|||2021||
|8.
OTHER INVESTMENTS||||||||
|||||||2021|2020|
|||||||g|6|
|Skandia|Investment|Fund||||81,300|66,225|
|National|Association of Almshouses|||Common|Investment|7,573|5,893|
|Fund||||||||
|Aegon Unit Trusts||||||325,926|196,564|
|||||||414799|268,682|
|9.
DEBTORS||||||||
|||||||2021|2020|
|Prepayments||||||2 679|2,639|
|10.
CURRENT||ASSETSINVESTMENTS||||||
|||||||2021|2020|
|Deposit|Account: Charities Official|||Investment|Fund|196633|231,380|
|11.
CASH AT BANK||||||||
|||||||2021|2020|
|High Interest Cheque Account||||||31|530|
|Current|account|||||8,433|27,465|
|||||||8464|27,995|
|12,
CREDITORS: Amounts|||falling due within one year|||||
|||||||2021|2020|
|Accrued|expenses|||||1,770|1,740|
|Taxation|and social security|||||436|405|
|||||||2,206|2,145|
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|||Cyclical|Extraordinary|Total|
|---|---|---|---|---|
|||Repairs and|Repair Reserve||
|||Maintenance|||
|||Reserve|||
|||8|||
|Balance at|1 April 2020|91,437|56,862|148,299|
|Transfer: Income and expenditure|||||
|account||20,000|12,500|32,500|
|Balance at|31March 2021|111,437|69
62|180799|
|4.
MOVEMENT IN FUNDS|||||
|NDOWME|NT
FUND||||
||||Endowment|Total|
||||Fund||
|Balance at|1 April 2020||1,712,500|1,712,500|
|Prior Year adjustment|||||
|Almshouse|Valuation||1810000|1810000|
|Restated balance atIApril 2020|||3,522,500|3,522,500|
|Revaluation|ofproperty||527,500|527,500|
|Balance at|31March 2021||2 240 000|2240 000|
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|.
CHARITABLE E|XPEN|DITURE||||||
|---|---|---|---|---|---|---|---|
|||Charitable|Support||Charitable|Support||
|||Activities|Costs||Activities|Costs||
|||2021|2021||2020|2020||
|||||||f.||
|Day to day maintenance||16,692|||11,722|||
|Extraordinary/cyclical||||||||
|maintenance||7,514|||8,965|||
|Clerk's Honorarium||16,650|||16,290|||
|Assistant to the Clerk' s||||||||
|Honorarium||7,770|||7,605|||
|Wages||729|||600|||
|Rent and rates||1,073|||5,436|||
|Insurance||3,885|||3,729|||
|Heat and light||8,366|||6,577|||
|Garden maintenance||8,770|||8,388|||
|Post, telephone
and||||||||
|stationery|||393||||364|
|Advertising||||||||
|Legal and professional
Accountancy
fees|fees||1,740|||1,697||
|Estate agents fees|||6,346|||5|213|
|Sundry expenses|||5,194|||2,637||
|Intercom||||||||
|monitoring/lifeline||4,242|||4,312|||
|Residents vouchers/party||1,170|||1,170|||
|Depreciation||||295|||295|
|||76,861|13,968||74,794|10,206||
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||||2021|2021|2020|2020|
|---|---|---|---|---|---|---|
|INCOME|||||||
|Almshouse
maintenance|||43,093||39,560||
|contributions|||||||
|Interest|||536||1,569||
|Donations|||15||946||
|Grant income|||10,000||||
|Investment
income|||3,934||||
|Investment
properties|||84,087||79,260||
|||||141,665||121,335|
|LESSEXPENSES|||||||
|Clerk's Honorarium|||16,650||16,290||
|Assistant to the Clerk* s|||||||
|Honorarium|||7,770||7,605||
|Wages|||729||600||
|Rent and rates|||1,073||5,436||
|Light and heat|||8,366||6,577||
|Insurance|||3,885||3,729||
|Postage, telephone|and||||||
|stationery|||393||364||
|Day to day maintenance|||16,692||11,722||
|Lifeline fees|||4,242||4,312||
|Extraordinary
maintenance|||7,514||8,965||
|Investment
property|||||||
|maintenance|||26,496||18,749||
|Garden maintenance|||8,770||8,388||
|Legal and professional||fees|||||
|Accountancy
fees|||1,740||1,697||
|Estate agents fees|||6,346||5,213||
|Sundries|||6,364||3,808||
|Depreciation|||295||295||
|||||117,325||103,749|
|Surplus or (deficit)|for the||||||
|year||||24,340||17,586|