| ~ ~ |
i e ~ ~ ~ |
|---|---|
| Summary ofthe main achievements ofthe charity during the year |
The trust has continued to maintain the accommodation to a high standard. Most repairs and improvements are met from income. The site is always fully occupied, and we continue to have more applicants than vacancies. We have 35units 8 single bungalows 25 double bungalows 2 first floor flats and 1 ground floor flat for the resident warden. Major refurbishments are usually only carried out when a unit is vacant to |
| minimise disruption for the residents. |
| s | ||||
|---|---|---|---|---|
| Page | ||||
| Receipts 8 | payments | account | ||
| Statement | ofassets | & | liabilities | |
| Notes | 4-6 | |||
| Accounting | policies | |||
| Independent | examiner's | report |
| Notes | Unrestricted funds 2021 |
Unrestricted funds 2020 |
||||
|---|---|---|---|---|---|---|
| Receipts | ||||||
| Maintenance charges |
82,172 | 79,638 | ||||
| Ground rents |
78 | 324 | ||||
| Dividend income from |
shares | held | 14,285 | 18,398 | ||
| Income from pension | fund | |||||
| Other income | 25,000 | |||||
| Bank interest received | 24 | 50 | ||||
| 121,558 | 98,410 | |||||
| Income from investment | sales not reinvested | 10,000 | ||||
| Total receipts | 121,558 | 108,410 | ||||
| Payments | ||||||
| Rates 8 water rates | 9,285 | 7,686 | ||||
| Insurance | 3,925 | 2,214 | ||||
| Property repairs, tools |
8 maintenance | 22,254 | 44,386 | |||
| Maintenance ofgrounds |
14,767 | 14,758 | ||||
| Gas 8 Electricity | 7,319 | 5,664 | ||||
| Telephone | 1 332 | 1,251 | ||||
| Wages | 15,015 | 14,230 | ||||
| Secretary charges | 12,600 | 12,400 | ||||
| Sundry expenses | 3,877 | 4,117 | ||||
| 90,375 | 106,707 | |||||
| Asset and investment | purchases | 13,500 | ||||
| Total payments | 103,875 | 106,707 | ||||
| Net of receipts/(payments) | 17,683 | 1,703 | ||||
| Transfers between |
funds | |||||
| Cash funds last year end | 27,861 | 26,159 | ||||
| Cash funds this year end | 45,544 | 27,861 |
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2021 | 2020 | ||
| Cash funds | |||
| Bank accounts | 45,544 | 27,861 | |
| 45,544 | 27,861 | ||
| Other monetary assets | |||
| Investments | assets | ||
| Shares | 692,185 | 687,990 | |
| 692,185 | 687,990 | ||
| Fixed assets | |||
| Land & buildings | 3,700,000 | 3,700,000 | |
| Fixtures | 8 fittings | 12,460 | 12,460 |
| Plant 8 machinery | 13,500 | ||
| 3,725,960 | 3,712,460 | ||
| Total Assets | 4,463,690 | 4,428,312 | |
| Liabilities | |||
| 4,463,690 | 4,428,312 | ||
| Signed on behalf ofthe trustees | |||
| W/( | 2p | ||
| .Da~e !5.'.. -. . .!.(.. .. .g/. . .. . . . |
| No | tes to financial statements | ||
|---|---|---|---|
| 2021 | 2020 | ||
| 1. | Sundry expenses | ||
| Accountancy | 1,290 | 1,290 | |
| Subscriptions | 335 | 321 | |
| TV License | 45 | 45 | |
| Advertising | 0 | 0 | |
| General expenses | 0 | 132 | |
| Professional fees | 0 | 0 | |
| Postage 8 stationery | 144 | 145 | |
| Xmas gifts 8 expenses | 1,750 | 1,803 | |
| Donations 8 gifts |
0 | 20 | |
| Bank charges | 313 | 361 | |
| 3,377 | 4,117 | ||
| 2. | Cash funds | ||
| Main Fund - Current Account | (2,490) | 559 | |
| Main Fund - Deposit Account | 41,325 | 15,603 | |
| ERF Fund - Current Account | 512 | 559 | |
| ERF Fund - Deposit Account | 5,159 | 10,749 | |
| Petty cash | 1,039 | 391 | |
| 45,544 | 27,861 |
| N | otes to financial statem | en | ts | |||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| 3. | Shares | |||||
| Market value of investments brought |
forward | 687,990 | 661,341 | |||
| Profit /(loss) on share disposals | during the year | (26,469) | 1,704 | |||
| Movement in market value ofshares held at year end Share disposal proceeds not re-invested Charges / fees Market value of investments carried forward |
39,987 0 9,323 692,185 |
43,661 (10,000) ~6,716 687,990 |
||||
| ERF Fund | ||||||
| Diageo ord 28p BP Ord $0.25 |
7,814 0 |
7,977 13,700 |
||||
| Merian Investment Management Treasury stock 4.75%07/03/2020 Treasury stock 2.50% 16/04/2020 |
33,435 0 0 |
31,570 15,341 14,855 |
||||
| First State Investments Global Emerging Standard Charter Ord $0.50 Vodafone ord $0.21 |
Markets | 0 0 2,274 |
8,482 2,026 2,721 |
|||
| Man Fd Mgmt UK Ltd Treasury stock2.50%07/2024 |
0 15,767 |
12,802 16,006 |
||||
| Halma Ord 10p Brit Amer Tobacco Ord 25p Wharehouse Reit Pic Ord 1p Schroder Unit Trust Tokyo |
12,219 0 8,343 0 |
10,427 3,525 7,808 15,008 |
||||
| Vanguard Funds Schroder Unit Tst US FIL Inv Svcs UK Fidelity |
53,193 0 17,045 |
48,007 22,794 12,583 |
||||
| Lazard Global | 14,434 | 0 | ||||
| Hermes Global Emerging Markets |
11,286 | 0 | ||||
| Hipgnosis Songs |
14,400 | 0 | ||||
| Treasury stock 1.25% 03/2026 | 12,150 | 0 | ||||
| Burberry Group Ord .05p | 6,188 | 0 | ||||
| Premier Portfolio European | 7,242 | 0 | ||||
| Premier Portfolio US smaller companies | 28,224 | 0 | ||||
| Baillie Gifford Japanese | 18,314 | 0 | ||||
| Cash held with investors | 12,188 | 10,318 | ||||
| 274,516 | 255,950 |
| tes to financial | st | atements | ||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Shares (cont) | ||||
| Main Fund | ||||
| Glaxosmithkline ord 25p |
4,817 | 6,336 | ||
| Prudential Corporation |
ord 5p | 5,866 | 6,761 | |
| HSBC Holdings $0.50 | 6,913 | 9,965 | ||
| Royal Dutch Shell Bshares Euros 0.07 | 0 | 20,628 | ||
| BHP Billiton $0.50 | 9,053 | 7,467 | ||
| Unilever Ord 3.1111p | 6,573 | 7,027 | ||
| Rio Tinto ord 10p | 8,495 | 6,208 | ||
| M&G securities Optimum |
income | 0 | 12,523 | |
| Imperial Tobacco ord 10p | 0 | 3,901 | ||
| FIL Inv Services UK Fid Strategic Bond | 0 | 23,343 | ||
| Bbgi Sicav ord Npv | 16,779 | 16,191 | ||
| Astrazeneca ord $0.25 |
17,605 | 17,445 | ||
| Schroders E1 | 8,886 | 8,355 | ||
| Blackrock Fm Ltd | 17,218 | 13,287 | ||
| Treasury stock 1.875%22/1 1/2022 | 10,386 | 10,570 | ||
| AXA Investment Man US |
13,114 | 13,529 | ||
| JP Morgan Am UK Ltd |
- US equity | 0 | 23,796 | |
| BNY Mellon Fund Mgr | 14,688 | 14,660 | ||
| Polar Capital Fund Healthcare | 8,841 | 7,594 | ||
| JP Morgan Am UK Ltd |
- Emerg markets | 13,508 | 11,514 | |
| GCP Infrastructure Ord |
shares 1p | 6,784 | 8,136 | |
| Polar Capital Global Ord 5p | 9,936 | 10,260 | ||
| Vodafone ord $0.21 | 3,404 | 4,073 | ||
| Barclays ord 25p | 0 | 3,654 | ||
| Polar Capital Fund N American |
0 | 22,951 | ||
| BMO Commercial Ord |
1p | 7,091 | 10,041 | |
| Reix 14.44p | 5,167 | 5,734 | ||
| Land Securities ord 10p | 0 | 4,224 | ||
| Schroder Unit Trust European |
19,000 | 17,763 | ||
| Reckitt Benck Ord 10p | 6,507 | 6,596 | ||
| Schroder Unit Trust Asian |
17,653 | 15,251 | ||
| Neuberger Ber |
0 | 17,050 | ||
| Valu-Trac Investments | 18,027 | 21,994 | ||
| Link Fund Sol Ltd | 14,811 | 14,078 | ||
| M8G Ord 5p | 0 | 1,202 | ||
| Premier Portfolio US Opportunities | 23,631 | 10,212 | ||
| Target Healthcare Ord |
GBP1 | 11,530 | 11,975 | |
| Royal London | 20,193 | 0 | ||
| Threadneedle | 19,554 | 0 | ||
| Gemcap Investment | 27,063 | 0 | ||
| Compass Group Ord 11.05p |
5,175 | 0 | ||
| Brown Advisory Funds |
22,335 | 0 | ||
| Cash held with investors | 17,066 | 5,747 | ||
| 417,669 | 432,041 | |||
| 692,185 | 687,990 |