## ## ## ## |||Page| |---|---|---| |Trustees'
report||1-4| |Statement
oftrustees'|responsibilities|| |Independent
auditor's|report|6-9| |Statement
offinancial|activities|10-11| |Balance sheet||12| |Statement
ofcash flows||13| |Notes to the financial|statements|14-29| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| |---|---|---|---|---|---|---|---|---|---| |||||funds|funds||funds|funds|| |||||2020|2020|2020|2019|2019|2019| ||||Notes|E|E|E|E|E|| |n
m
n|n|wmen|from:||||||| |Donations
and|legacies|||15,682||15,682|10,000||10,000| |Charitable
activities||||134,845||134,845|135,166||135,166| |Investments||||137,261|175|137,436|179,203|180|179,383| |Other income||||4,250||4,250|125||125| |Total income||||292,038|175|292,213|324,494|180|324,674| |Ex
n iur|n:||||||||| |Raising funds||||38,643|42|38,685|49,437|47|49,484| |Charitable
activities|||8|422,431||422,431|429,551||429,551| |Total resources|||||||||| |expended||||461,074|42|461,116|478,988|47|479,035| |Net gains/(losses)||on|||||||| |investments|||13|(156,245)|(538)|(156,783)|289,354|621|289,975| ## ## ## |Net (outgoing)/|||||||| |---|---|---|---|---|---|---|---| |incoming
resources
before transfers||(325,281)|(405)|(325,686)|134,860|754|135,614| |Gross transfers|||||||| |between
funds||174|(174)||181|(181)|| |Net (outgoing)/incoming
resources||(325,107)|(579)|(325,686)|135,041|573|135,614| |Other recognised|gains and losses||||||| |Revaluation
oftangible|||||||| |fixed assets|||||252,000||252,000| |Actuarial
loss on|||||||| |defined
benefit pension|||||||| |schemes||(80,000)||(80,000)|(4,000)||(4,000)| |Net movement
in funds||(405,107)|(579)|(405,686)|383,041|573|383,614| |Fund balances at 1|||||||| |January 2020||5,273,643|5,624|5,279,267|4,889,096|5,051|4,894,147| |Fund balances at|31||||||| |December 2020||4,868,536|5,045|4,873,581|5,272,137|5,624|5,277,761| ## ## ## ||||||||2020||2019| |---|---|---|---|---|---|---|---|---|---| |||||||Notes|||| |Fixed assets|||||||||| |Tangible assets||||||14||1,940,455|1,972,761| |Investment|properties|||||15||675,000|675,000| |Investments||||||16||2,456,601|2,731,686| |||||||||5,072,056|5,379,447| |Current assets|||||||||| |Debtors||||||18|22,680||23,280| |Cash at bank and||in hand|||||15,137||16,706| ||||||||37,817||39,986| |Creditors:|amounts||falling due||within|21|||| |one year|||||||(83,854)||(72,844)| |Net current|liabilities|||||||(46,037)|(32,858)| |Total assets less||current||liabilities||||5,026,019|5,346,589| |Creditors:|amounts||falling due||after|22|||| |more than|one year|||||||(146,438)|(141,322)| |Net assets|excluding||pension||(liability)/surplus|||4,879,581|5,205,267| |Defined benefit pension||||(liability)/|||||| |surplus||||||23||(6,000)|74,000| |Net assets||||||||4,873,581|5,279,267| |Income funds|||||||||| |Restricted|funds|||||24||5,045|5,624| |Unrestricted|funds||||||||| |Designated|funds|||||25|3,128,904||3,394,122| |General
unrestricted|||funds||||1,745,632||1,804,015| |Pension reserve|||||||(6,000)||74,000| |||||||||4,868,536|5,272,137| |||||||||4,873,581|5,277,761| ## ## ## |||||||2020||2019|| |---|---|---|---|---|---|---|---|---|---| ||||||Notes|||E|| |Cash flows from operating|||activities||||||| |Cash absorbed
by operations|||||||(267,145)||(309,258)| |Investing|activities||||||||| |Purchase|oftangible
fixed assets|||||||(15,067)|| |Purchase|of investments|||||(107,749)||(664,770)|| |Proceeds|on disposal of investments|||||226,051||810,925|| |Interest received||||||137,436||179,383|| |Net cash|generated
from investing||||||||| |activities|||||||255,738||310,471| |Financing|activities||||||||| |Repayment
ofbank loans||||||15,773||(31,049)|| |Payment
leases|ofobligations
under||finance|||(5,935)||8,103|| |Net cash|generated
from/(used|||in)|||||| |financing|activities||||||9,838||(22,946)| |Net decrease
in cash and||cash||equivalents|||(1,569)||(21,733)| |Cash and|cash equivalents|at beginning|||of year||16,706||31,763| |Cash and|cash equivalents||at|end of|year||15,137||16,706| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||Maintenance|Maintenance| |---|---|---|---|---|---| |||||contribution|contribution| |||||2020f|2019| |Charitable|income|-|WMC|134,845|135,166| ## |||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| |---|---|---|---|---|---|---|---| |||funds|funds||funds|funds|| |||2020|2020|2020|2019|2019|2019| |||E|K||F|E|f| |Rental income||50,360||50,360|59,413||59,413| |Investment|income from||||||| |dividends|and interest|86,901|175|87,076|119,790|180|119,970| |||137,261|175|137,436|179,203|180|179,383| ## |||Unrestricted|Total| |---|---|---|---| |||funds|| |||2020|2019| |||E|F| |Other|income|4,250|125| ## ## ||Raising fun|ds|||||| |---|---|---|---|---|---|---|---| |||||Unrestricted|Restricted|Total|Total| |||||funds|funds||| |||||2020f|2020f|2020|2019
F| ||Investment|ro ert|costs||||| ||Other trading
activities|||18,355||18,355|26,153| ||Investment|mana
ement||20,288|42|20,330|23,331| |||||38,643|42|38,685|49,484| ||Forthe year ended||31 December 2019||||| ||Investment|property|costs|26,153|||26,153| ||Investment|management||23,284|47||23,331| |||||49,437|47||49,484| |8|Charitable|activities|||||| |||||Supported|Property|Total|Total| |||||accommodation|maintenance|2020|2019| |||||2020|2020||| ||Staff costs|||141,085||141,085|144,802| ||Depreciation|and impairment|||32,306|32,306|32,306| ||Water|||6,106||6,106|5,844| ||Council tax|on voids||1,278||1,278|1,364| ||Insurance|||16,668||16,668|16,202| ||Energy costs
Responsive
maintenance|||17,261|19,015|17,261
19,015|16,153
22,929| ||Planned
maintenance||||105,116|105,116|119,928| ||Garden
maintenance||||8,635|8,635|9,285| ||Serviced maintenance||||7,652|7,652|3,855| ||Cleaning costs||||4,704|4,704|2,556| ||Professional|fees|||25,120|25,120|16,857| |||||182,398|202,548|384,946|392,081| ||Share of support costs (see note 10)|||33,945||33,945|34,150| ||Share of governance||costs (see note 10)|3,540||3,540|3,320| |||||219,883|202,548|422,431|429,551| ## ## ## ## ## |Support cost|s||||| |---|---|---|---|---|---| |||Support|Governance|2020|2019 Basis ofallocation| |||costs|costs||| |Clerks fees||16,900||16,900|14,400| |Printing
and stationery||1,345||1,345|389| |Telephone||2,363||2,363|3,437| |Subscriptions|and||||| |donations||622||622|2,755| |Travelling
expenses||483||483|616| |Bank charges||1,255||1,255|741| |Sundry expenses||5,250||5,250|2,367| |Loan interest||6,177||6,177|7,939| |Audit fees|||3,540|3,540|3,320 Governance| |||33,945|3,540|37,486|32,188| |Analysed
between|||||| |Charitable
activities||33,945|3,540|37,485|32,188| ## ## ## ## ## |The averag|e
monthly
number
employees
during the y|ear was: 4 (2019 - 4)|| |---|---|---|---| |||2020|2019| |||Number|Number| |Pastoral|||| |Supported|accommodation||| |Employment
costs||2020|2019| |||F|| |Wages and|salaries|119,576|112,373| |Social security costs||4,925|5,125| |Other pension costs||16,584|27,304| |||141,085|144,802| ## |Net gains/(|losses)
on|investments|||||| |---|---|---|---|---|---|---|---| |||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| |||funds|funds||funds|funds|| |||2020|2020|2020|2019|2019|2019| |||||||f|| |Revaluation|of||||||| |investments||(156,245)|(538)|(156,783)|231,519|621|232,140| |Revaluation|of||||||| |investment|properties||||57,835||57,835| |||(156,245)|(538)|(156,783)|289,354|621|289,975| ## ## ## |14|Tangible fixed assets|Tangible fixed assets||||| |---|---|---|---|---|---|---| |||||Land and|Plant and|Total| |||||buildings|equipment|| ||||||K|| ||Cost|||||| ||At 1 January|2020||1,990,000|15,067|2,005,067| ||At 31 December 2020|||1,990,000|15,067|2,005,067| ||Depreciation|and impairment||||| ||At 1 January|2020||30,800|1,506|32,306| ||Depreciation|charged|in the year|30,800|1,506|32,306| ||At 31 December 2020|||61,600|3,012|64,612| ||Carrying
amount|||||| ||At 31 December 2020|||1,928,400|12,055|1,940,455| ||At 31 December 2019|||1,959,200|13,561|1,972,761| |15|Investment|property||||| |||||||2020| |||||||E| ||Fair value|||||| ||At 1 January|2020 and|31 December 2020|||675,000| ||2020|2019| |---|---|---| |||F| |Freehold|675,000|675,000| |Long leasehold||| |Shortleasehold||| ## ## ## |16|Fixed asset investment|s|||||| |---|---|---|---|---|---|---|---| ||||||Listed|Cash in|Total| ||||||investments|porffolio|| ||||||E||| ||Cost orvaluation||||||| ||At 1 January 2020||||2,711,246|20,440|2,731,686| ||Additions||||107,749||107,749| ||Valuation
changes||||(156,783)||(156,783)| ||Net Movement||||(343,639)|117,589|(226,050)| ||At 31 December 2020||||2,318,573|138,029|2,456,602| ||Carrying
amount||||||| ||At 31 December 2020||||2,318,573|138,029|2,456,602| ||At 31 December 2019||||2,711,246|20,440|2,731,686| |17|Financial
instruments|||||2020|2019| |||||||E|| ||Carrying
amount offinancial||assets||||| ||Instruments
measured|at fair value through||profit or loss||2,318,572|2,711,246| |18|Debtors||||||| |||||||2020|2019| ||Amounts
falling due within one year:|||||E|E| ||Trade debtors|||||15,907|10,985| ||Prepayments
and accrued income|||||6,773|12,295| |||||||22,680|23,280| |19|Loans and overdrafts||||||| |||||||2020|2019| |||||||E|E| ||Bank loans|||||188,143|172,370| ||Payable
within one year|||||41,705|31,048| ||Payable after one year|||||146,438|141,322| ||Amounts
included
above which||fall due after five years:||||| ||Payable
by instalments||||||17,130| ## ## ## ## ## ## |21|Creditors:|amounts|falling due within one year|||| |---|---|---|---|---|---|---| |||||Notes|2020f|2019
F| ||Bank loans|||19|41,705|31,048| ||Obligations|under finance leases||20|2,168|8,103| ||Other taxation and social security||||2,507|2,344| ||Trade creditors||||2,169|2,138| ||Accruals and deferred||income||35,305|29,211| ||||||83,854|72,844| |22|Creditors:|amounts|falling due after more than one year|||| ||||||2020|2019| |||||Notes||| ||Bank loans|||19|146,438|141,322| ## ## ## ## ## ## ## ## |23|Retirement
benefit schemes|||||||||||(Continued)| |---|---|---|---|---|---|---|---|---|---|---|---|---| ||Amounts
recognised
in the profit|and|loss||account:|||||||| ||||||||||||2020|2019| ||||||||||||E|| ||Current service cost||||||||||25,000|24,000| ||Net interest
on defined benefit liability/(asset)||||||||||(2,000)|(2,000)| ||Total costs||||||||||23,000|22,000| ||Amounts
taken to other comprehensive|||income:||||||||| ||||||||||||2020|2019| ||||||||||||E|| ||Actual return
on scheme assets||||||||||38,000|(36,000)| ||Less: calculated
interest element||||||||||14,000|14,000| ||Return
on scheme assets excluding||interest|||income|||||52,000|(22,000)| ||Actuarial
changes
related to obligations||||||||||22,000|22,000| ||The
amounts
included
in
the|balance|||sheet||arising|from|the|charity's||| ||obligations
in respect of defined|benefit||plans are|||as follows:|||||| ||||||||||||2020|2019| ||||||||||||E|| ||Present value ofdefined
benefit|obligations|||||||||538,000|491,000| ||Fair value of plan assets||||||||||(532,000)|(565,000)| ||Deficit/(surplus)
in scheme||||||||||6,000|(74,000)| ||Movements
in the present value|ofdefined||||benefit|obligations:|||||| |||||||||||||2020| ||Liabilities at 1 January 2020|||||||||||491,000| ||Current service cost|||||||||||25,000| ||Benefits paid|||||||||||(15,000)| ||Contributions
from scheme members|||||||||||3,000| ||Actuarial
gains and losses|||||||||||22,000| ||Interest cost|||||||||||12,000| ||At 31 December 2020|||||||||||538,000| ## ## |23|Retirement
benefit schemes|Retirement
benefit schemes||||||(Continued)| |---|---|---|---|---|---|---|---|---| ||The defined benefit obligations||arise from plans funded as follows:|||||| |||||||||2020| |||||||||f,| ||Wholly
unfunded
obligations|||||||| ||Wholly or partly funded|obligations||||||538,000| |||||||||538,000| ||Movements
in the fair|value of|plan assets:|||||| |||||||||2020f| ||Fair value ofassets at|1 January||2020||||565,000| ||Interest income|||||||14,000| ||Return
on plan assets|(excluding||amounts|included|in net interest)||(52,000)| ||Benefits paid|||||||(15,000)| ||Contributions
by the employer|||||||17,000| ||Contributions
by scheme members|||||||3,000| ||At 31 December 2020|||||||532,000| ||The fair value of plan assets at||the reporting||period|end was as follows:||| ||||||||2020|2019| ||Equity instruments||||||351,120|401,150| ||Debt instruments||||||90,440|79,100| ||Property||||||74,480|67,800| ||Cash||||||15,960|16,950| ||||||||532,000|565,000| |||||lh
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LL|| ## ## ## |26|Analysis ofnet assets|Analysis ofnet assets|Analysis ofnet assets|between|between|between|between|funds|||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||Unrestricted||||Restricted||Total|Unrestricted|Restricted||Total| |||||||||Fund||Funds||Fund|Funds||| |||||||||2020||2020|2020|2019|2019||2019| |||||||||||||f|||F| ||Fund balances
at|31|||||||||||||| ||December 2020 are||||||||||||||| ||represented
by:||||||||||||||| ||Tangible assets|||||1,940,455|||||1,940,455|1,972,761|||1,972,761| ||Investment
properties||||||675,000||||675,000|675,000|||675,000| ||Investments|||||2,451,556||||5,045|2,456,601|2,726,062|5,624||2,731,686| ||Current assets/||||||||||||||| ||(liabilities)||||||(46,037)||||(46,037)|(32,858)|||(32,858)| ||Long term liabilities|||||(146,438)|||||(146,438)|(141,322)|||(141,322)| ||Provisionsand||||||||||||||| ||pensions||||||(6,000)||||(6,000)|74,000|||74,000| |||||||4,868,536||||5,045|4,873,581|5,273,643|5,624||5,279,267| |27|Cash generated|from||operations|||||||||2020||2019| ||||||||||||||||K| ||(Deficit)/surpus
for the|||year|||||||||(325,686)||135,614| ||Adjustments
for:||||||||||||||| ||Investment
income recognised||||||in|statement||offinancial|activities||(137,436)||(179,383)| ||Fair value gains and||losses on||||investment|||properties|||||(57,835)| ||Fair value gains and||losses on||||investments||||||156,783||(232,140)| ||Depreciation
and|impairment||||oftangible|||fixed assets||||32,306||32,306| ||Movements
in working|||capital:|||||||||||| ||Decrease
in debtors||||||||||||600||5,250| ||Increase/(decrease)||in|creditors|||||||||6,288||(13,070)| ||Cash absorbed
by operations||||||||||||(267,145)||(309,258)| |28|Analysis
ofchanges|||in|net (debt)/funds||||||||||| ||||||||||||At 1January||Cash flows|At|31 December| |||||||||||||2020|||2020| |||||||||||||K|||K| ||Cash at bank and|in|hand|||||||||16,706|(1,569)||15,137| ||Loans falling due|within||one||year||||||(31,048)|(10,657)||(41,705)| ||Loans falling due|after||more||than||one year||||(141,322)|(5,116)||(146,438)| ||Obligations
under|finance|||leases|||||||(8,103)|5,935||(2,168)| |||||||||||||(163,767)|(11,407)||(1?5,174)|