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||||||2020|2019|
|---|---|---|---|---|---|---|
||||||6||
|Cash flows from operating||activities|||||
|hist cash used
in operating|ac9vities||||259,702|351,661|
|Cash flows from investing||activities|||||
|Dividends,
interests
and rents from investinents|||||4,837|3,991|
|Purchase ofMngible fixed assets||||||(13,202)|
|Proceeds from sale of investments|||||10,439|7,512|
|Purchase of investments|||||(8,986)|(154,934)|
|Net cash provided
by/(used||In) Investing||activities|6,280|(15$,633)|
|Cash flows from financing||activities|||||
|Repayments
ofborrowing|||||(172,134)|(195,646)|
|Net cash used in financing||activities|||(172,134)|(195,846)|
|Change
in cash and cash|equivalents||In|the year|93.846|(618)|
|Cash and cash equivalents|at the beginning|||ofthe year|813,896|814,513|
|Cash and cash equivalents||at the end|of|the year|907,743|613,895|
|Ths notes on pages 16to 39||form part ofthese financial statements|||||
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|||||Unrestricted|Total|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2020
f|2020
f|
||Donations|||||
||Government|grants||10,000|10,000|
|||||10,000|10,000|
|||||Unrestricted|Total|
|||||funds|funds|
|||||2019|2019f|
||Donations|||152,931|152,931|
|5.|Income from|charitable|activities|||
|||||||Unrestricted|Total|
|---|---|---|---|---|---|---|---|
|||||||funds|funds|
|||||||2020
f|2020
f|
|Income|from|charitable|activities|- Maintenance|contributions|1,154,097|1,154,087|
|||||||Unrestncted|Total|
|||||||funds|funds|
|||||||2019|2019|
|income|from|charitable|activities|- Maintenance|contributions|'I,129,309|1,129,309|
##
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##
||||Unrestricted|Total|
|---|---|---|---|---|
||||funds|funds|
||||2020|2020|
||||8|8|
|Solar|panel|income|115,535|115rAS|
||||Unrestricted|Total|
||||funds|funds|
||||2019|2019|
|Solar|panel|income|'l18,807|118,807|
|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2020|2020|
|||8||
|Income from invesimenis||3,770|3,770|
|Investment|income -cash deposits|1,067|1,067|
|||4,837|4,837|
|||Unrestrfcted|Total|
|||funds|funds|
|||2019|2019|
|income from investments||1,944|1,944|
|investment|income -cash deposits|2,047|2,047|
|||3,991|3,991|
##
##
##
##
|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2020|2020f|
|Loan interest and maintenance|-solar panels|37,039|37,039|
|Depreciation - solar panels||56,047|56,047|
|||93,086|9$,086|
|||Unrsstncied|Toisi|
|||funds|funds|
|||2019f|2019|
|Loan interest- solar panels||32,604|32,604|
|Depreciation - solar panels||56,047|56,047|
|||88,651|88,651|
##
|Unrestricted|Total|Tofsi|
|---|---|---|
|funds|funds|funds|
|2020|2020|2019|
|6|||
|1,443|1,443||
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##
|||||Unrestricted|Total|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2020|2020|
|||||E|E|
|Direct|costs|—Provision|of housing services|999,313|999,$13|
|||||ljnrestricted|Totai|
|||||funds|funds|
|||||2019
E|2019f|
|Direct|costs|- Provision|of housing services|1,345,969|1,345,969|
##
|||||||Activities|||
|---|---|---|---|---|---|---|---|---|
|||||||undertaken|Support|Total|
|||||||directly|costs|funds|
|||||||2020|2020|2020|
|||||||E|E||
|Direct|costs|-|Provision|ofhousing|services|799,734|199,579|999,313|
|||||||Activities|||
|||||||undertsken|Support|Total|
|||||||direcgy|costs|funds|
|||||||2019|2019|2019|
||||||||E||
|Direct|costs|-|Provision|ofhousing|services|1,064,461|261,466|1,345.969|
##
##
##
##
|||||Provision of||
|---|---|---|---|---|---|
|||||Housing|Total|
|||||services|funds|
|||||2020|2020|
|||||8|2|
|Pension finance costs||||4,000|4,000|
|Staffcosts||||301,849|301,849|
|Depredation|-housing|properties,|solar panels and vehides|132,783|132,783|
|Repairs and|maintenance|||300,998|300,998|
|Insurance||||42,098|42,098|
|Motor expenses||||18,006|18,008|
|||||799,734|799,734|
||Provision of||
|---|---|---|
||Housing|Total|
||services|funds|
||2019|2019|
||8||
|Pension finance costs|9,000|9,000|
|Staffcosts|278,244|278,244|
|Depreciafion|225,132|225,132|
|Repairs and maintenance|511,529|511,529|
|Insurance|40,136|40,138|
|Surveyors costs etc|570|5TO|
|Motor expenses|19,870|19,8TO|
||1,084,481|1,084,481|
##
##
##
||||Provision of||
|---|---|---|---|---|
||||Housing|Total|
||||services|funds|
||||2020|2020|
||||8||
|Staffcosts|||113,615|113,615|
|Depreciation|||5,504|5.504|
|Insurance|||3,752|3,752|
|Premises costs|||14,230|14,230|
|General administrative||expenses|17,216|17,216|
|Legal and professional||costs|1,964|1,964|
|Loan interest|||30,438|30,438|
|Motor expenses|||480|480|
|Exgratia payments|||2,000|2,000|
|Governance|costs||10,380|10,380|
||||199,579|199,579|
||||Provision of||
|---|---|---|---|---|
||||Housrlr0|Total|
||||services|funds|
||||2019|2019|
||||5||
|Staffcosts|||108,557|108,557|
|Depreciation|||5,510|5,510|
|Insurance|||3,577|3,577|
|Premises costs|||13,330|13,330|
|General administrative||expenses|20,412|20,412|
|Legal and professional||costs|11,997|11,997|
|Loan interest|||32,505|32,805|
|Motor expenses|||500||
|Exgratia payments||||56,000|
|Governance|costs||9,000|9,000|
||||251,488|261,488|
##
##
##
##
||||||2020|2019|
|---|---|---|---|---|---|---|
||||||6||
|Fees payable|to the Charity's|auditor|for the audit ofthe Charity's|annual|||
|accounts|||||6,120||
|Fees payable|to the Charity's|auditor|in respect of:||||
|All non-audit|services not included above||||4,260|3,000|
##
|Staff costa|||
|---|---|---|
||2020|2019|
||6||
|Wages snd salaries|288,333|272,853|
|Social security costs|26,131|24,948|
|Operating
costs of defined benefit pension schemes|101,000|89,000|
|Other employee
benegts|2,000|56,000|
||417,464|442,801|
||2020|2019|
|---|---|---|
||No.|No.|
|Administration|||
|Other|||
||8|8|
##
##
##
##
||||Vehides|||
|---|---|---|---|---|---|
||Housing|Office and|and|Other fixed||
||property
6|depot
6|equipment
f|assets|Total
6|
|Cost orvaluation||||||
|At 1 January 2020|32,877,047|340,783|106,544|2,241,881|35,566,266|
|At 31 December 2020|32,877,047|340,793|106,544|2,241,881|36,566,265|
|Depreciation||||||
|At 1 January 2020|70'I,093|63r618|77,020|680,469|1,402,100|
|Charge for the year|60,517|5,056|18,558|112,083|194,334|
|At 31 December 2020|761,710|68,684|93,678|872,562|1,596,434|
|Net book value||||||
|At 31 December 2020|32,115,337|272,209|12,986|1,569,319|33,969,831|
|At 31December 2019|32,175,954|277,275|29,524|1,551,412|34,154,185|
##
##
##
##
||||Other fixed||
|---|---|---|---|---|
|||Listed|asset||
|||Investments|investments|Total|
|||6|||
||Cost or valuation||||
||At 1 January 2020|270,999|41,064|312,083|
||Additions|48,334|(39,338)|8,998|
||Dispose la|(10,389)||(10,389)|
||Revaluations|30,738||30,738|
||At 31 December 2020|339,682|1,728|341,408|
||Net book value||||
||At 31 December 2020|339,682|1,726|341,408|
||At 31December 2019|270,999|41,004|312,063|
|17.|Stocks||||
||||2020|2019|
||||6||
||Finished goods and goods for resale||8,871|7,100|
##
##
##
||||2020|2019|
|---|---|---|---|---|
||||8||
|Due within one year|||||
|Maintenance|contribution|debtors|12,600||
|Other debtors|||13,654|2,985|
|Prepayments|and accrued|income|229,116|89,952|
||||255,370|92,847|
##
|||2020|2019|
|---|---|---|---|
|||6||
|Other loans||111,516|110,583|
|Trade creditors||14,893|24,320|
|Other taxation and social security|||9,137|
|Other creditors||68,015|61,374|
|Accruals and deferred|income|74,250|37,162|
|||268,674|242,576|
##
##
##
||||||2020|20'l9|
|---|---|---|---|---|---|---|
|Payable|or|repayable|by|instalments|1,'I01,934|1,214,124|
||||||1,101,934|1,214,124|
##
##
##
##
|||||||||Balance at|
|---|---|---|---|---|---|---|---|---|
|||Balance at|1|||||31|
|||January||||Transfers|Gains/|December|
|||2020||Income|Expenditure|inlout|(Losses)|2020|
||||2|5|2|E||6|
|Unrestricted|||||||||
|funds|||||||||
|Designated|||||||||
|funds|||||||||
|Designated|fixed||||||||
|asset fund||34,164,165|||(194,334)|||33,969,&31|
|General funds|||||||||
|General fund||(707,469)||1,284WS|(794,508)|(142,000)|30,78&|(328,720)|
|Pension reserve||(2&0,000)|||(105,000)|142,000|(294,000)|(537,000)|
|||(987,469)||1,284,469|(&99,508)||(283,212)|(866,720)|
|Total|||||||||
|Unrestricted|||||||||
|funds||33,176,696||1,254,469|(1,093,&42)|-|(263,212)|33,104,111|
##
##
|Statement|offund|s - prior year||||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
|||Baiance et|||||31|
|||1January|||Transfers|Gains/|December|
|||2019|income|Expenditure|infout|(Losses)|2019|
||||||2|||
|Unrestricted||||||||
|funds||||||||
|Designated||||||||
|funds||||||||
|Designated|fixed|||||||
|asset lund||34,437,652||(286,689)|13,202||34,164,165|
|General funds||||||||
|General fund||(968,133)|1,405,038|(1,049,931)|(129,202)|34,759|(707,469)|
|Pension reserve||(363,000)||(93,000)|116,000|65,000|(280,000)|
|||(1,331,133)|1,405,038|(1,147,931)|(13,202)|99,759|(987,469)|
|Total||||||||
|Unrestricted||||||||
|funds||33,106,519|1,405,038|(1,434,620)||99,759|33,176,696|
##
##
##
##
|Summary offun|ds - prior year||||||
|---|---|---|---|---|---|---|
|||||||Balance at|
||Balance at|||||31|
||1January|||Translars|Gains'|December|
||2019|Income
f|Expenditure|inrout|(Losses)f|2019|
|Designated|||||||
|funds|34,437,652||(285,689)|13,202||34,164,165|
|General funds|(1,331,133)|1,405,038|(1,147,931)|(13,202)|99,759|(987,469)|
||33,'l06, 519|1,405,038|(1,434,620)||99,759|33,'l76, 696|
##
|Analysis of net assets between
funds - current perio|d||
|---|---|---|
||Unrestricted|Total|
||funds|funds|
||2020f|2020f|
|Tangible fixed assets|33,969,831|33,869,831|
|Fixed asset investments|341,406|341W8|
|Current asseS|1,171,984|1,171,984|
|Creditors due within one year|(268,674)|(268,674)|
|Creditors due in more than one year|(1,573,438)|(1,573838)|
|Provisions
for liabilities and charges|(537,000)|(637,000)|
|Total|33,104,111|33,104,111|
##
##
##
|Analysis ofnet assets between funds (continued)
Analysis ofnet assets between funds - prior period||||
|---|---|---|---|
|||Unrestn'cled|Total|
|||funds|funds|
|||2019|2019|
|||8||
|Tangible fixed assets||34,164,165|34,184,185|
|Fixed asset investments||312,063|312,083|
|Current assets||913,842|913,842|
|Creditors due within one year||(242,576)|(242,576)|
|Creditors due in more than one year||(1,690,798)|(1,690,798)|
|Provisions
for liabilities and charges||(280,000)|(280,000)|
|Total||33,176,696|33,178,696|
|Reconcigation
ofnet movement
in funds to net cash flow from operating||activities||
|||2020|2019|
|||5|8|
|Net income for the period (as per Statement of Financial|Activities)|221,415|5,177|
|Adjustments
for:||||
|Depreciation
charges||184,334|286,689|
|Losses on investments||(30,788)|(34,759)|
|Dividends,
interests and rents from investments||(4,837)|(3,991)|
|Decrease/(increase)
in stocks||(1,771)|775|
|Decrease/(increase)
in debtors||(182,523)|11,613|
|Increase
in creditors||18,885|39,148|
|Loan interest||60,877|65,209|
|Defined benefit pension
scheme finance cost||4,000|9,000|
|Defined benefit pension scheme cost less contributions|payable|(41,000)|(27,000)|
|Net cash provided
by operating
activities||259,702|351,861|
##
##
##
##
##
|Principal actuarial
assumptions
at the Balance she|et date (expressed as weighted averages):||
|---|---|---|
||At 31|Af31|
||December|December|
||2020|2019|
||4/O||
|Discount rate|1.4|2|
|Future salary increases|3.9|3.8|
|Pension increases|2.4|2.3|
|CPI inflation|2.4|2.3|
##
##
|Pension commitments
(continued)||Yearn|
|---|---|---|
||At 31|At 31|
||December|December|
||2020|2019|
||Years||
|Mortality rates (in years)|||
|-fora male aged 65now|21.8|22.1|
|-at 65fora male aged 45 now|23.5|23.1|
|-forafernale aged 65 now|25|24.5|
|-at65for a female aged 45 now|26.8|25.9|
##
|The Charity's share ofthe assets in the scheme was:|||
|---|---|---|
||At 31|At 31|
||December|December|
||2020
6|2019f|
|Equities|1,820,000|2,037,000|
|Ggts|72,000|577,000|
|Corporate bonds|649,000|228,000|
|Property|259,000|115,000|
|Cash and other liquid assets|131,000|9,000|
|Other|347,000|153,000|
|Total fair value ofassets|3,278,000|3,119,000|
||||2020|2019|
|---|---|---|---|---|
||||6||
|Current service cost|||101,000|89,000|
|Interest income|||(63,000)|(76,000)|
|Interest cost|||67,000|85,000|
|Total amount recognised|in the Statement offinancial|activities|105,0M|98,000|