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2020-12-31-accounts

Page
Trustees' Report 1 to 2
Independent
Examiner's
Report
Statement ofFinancial Activities
Statement ofFinancial Position
Statement ofCash Flows
Notes to the Statement ofCash Flows
Notes to the Financial Statements 8 to 13
Detailed Statement ofFinancial Activities 14

2020 2019
Unrestricted Restricted Total Total
fund fund funds funds
Notes E,
INCOME AND ENDOWMENTS FROM
Charitable
activities
Aged Merchant
Seamen's		 Homes 113,856 4,838 118,694 242,473
Investment
income		 65 65 367
Total 113,921 4,838 118,759 242,840
EXPENDITURE ON
Raising funds 170,696 156 170,852 155,962
Net gains on investments 2,466
NET INCOME/(EXPENDITURE) (56,775) 4,6S2 (52,093) 89,344
RECONCILIATION
OF		 FUNDS
Total funds brought
forward		 1,860,483 305,770 2,166,253 2,076,909
TOTAL FUNDS CARRIED FORWARD 1,803,708 310,452 2,114,160 2,166,253

2020 2019
Unrestricted Restricted Total Total
fund fund funds funds
Notes f,
FIXEDASSETS
Tangible assets 9 2,181,693 310,452 2,492,145 2,520,511
CURRENT ASSETS
Debtors 10 8,863 8,863 16,450
Cash at bank 93,567 93,567 127,536
102,430 102,430 143,986
CREDITORS
Amounts
falling due within one year		 11 (21,080) (21,080) (23,070)
NET CURRENT ASSETS 81,350 81,350 120,916
TOTAL ASSETSLESSCURRENT
LIABILITIES 2,263,043 310,452 2,573,495 2,641,427
CREDITORS
Amounts
falling due after more than one year		 12 (459,335) (459,335) (475,174)
NET ASSETS 1,803,708 310,452 2,114,160 2,166,253
FUNDS 13
Unrestricted
funds		 1,803,708 1,860,483
Restricted
funds		 310,452 305,770
TOTAL FUNDS 2,114,160 2,166,253

for the year ended 31 December 2020
2020 2019
Notes
Cash flows from operating activities
Cash generated
from operations		 2,797 8,629
Government
grant adjusted		 via creditors 15,839 15,839
Finance income adjusted
via debtors		 (778)
Net cash provided
by operating
activities		 18,636 23,690
Cash flows from investing activities
Purchase oftangible fixed assets
Transfer ofcurrent asset investments		 (52,670) (106,817)
166,025
Interest received 65 367
Net cash (used in)/provided by investing activities (52,605) 59,575
Change
in cash and cash equivalents		 in
the reporting
period		 (33,969) 83,265
Cash and cash equivalents at the
beginning ofthe reporting period 127,536 44,271
Cash and cash equivalents at the end of
the reporting
period		 93,567 127,536

2020 2019
Net (expenditure)/income for the reporting period (as per the
Statement ofFinancial Activities) (52,093) 89,344
Adjustments
for:
Depreciation
charges		 81,036 79,337
Losses on investments (2,466)
Interest received (65) (367)
Donations
rec'd via investment		 account (50,000)
Government
grants		 (15,839) (15,839)
Decrease/(increase)
in debtors		 7,587 (4,829)
Decrease in creditors (17,829) (86,551)
Net cash provided
by operations		 2,797 8,629

At 1/1/20 Cash flow At 31/12/20
Net cash
Cash at bank 127,536 (33,969) 93,567
127,536 (33,969) 93,567
Total 127,536 (33,969) 93,567

2020 2019
Interest income 65 367
INCOME FROM CHARITABLE ACTIVITIES
2020 2019
Activity
Weekly Maintenance Charge Aged Merchant Seamen's Homes 94,017 83,992
SDMF income Aged Merchant Seamen's Homes 69,612
Grant funding Aged Merchant Seamen's Homes 8,838 73,030
Government
grants		 Aged Merchant Seamen's Homes 15,839 15,839
118,694 242,473
RAISING FUNDS
Raising donations and legacies
2020 2019
Services 16,630 22,264
Management 26,717 23,138
Routine Maintenance 12,486 8,938
Cyclical Maintenance 26,603 11,910
Other costs 7,380 10,375
Depreciation 81,036 79,337
170,852 155,962

Unrestricted Restricted Total
fund fund funds
INCOME AND ENDOWMENTS FROM
Charitable
activities
Aged Merchant
Seamen's		 Homes 177,311 65,162 242,473
Investment
incoine		 367 367
Total 177,678 65,162 242,840
EXPENDITURE ON
Raising funds 153,925 2,037 155,962
Net gains on investments 2,466 2,466

Notes to the Financial Statements
-continued
for the year ended 31December 2020		 Notes to the Financial Statements
-continued
for the year ended 31December 2020		 Notes to the Financial Statements
-continued
for the year ended 31December 2020
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund fund funds
NET INCOME 26,219 63,125 89,344
RECONCILIATION OF FUNDS
Total funds brought forward 1,834,264 242,645 2,076,909
TOTAL FUNDS CARRIED FORWARD 1,860,483 305,770 2,166,253
FUNDS

TANGIBLE FIXEDASSETS
Housing
properties Land Totals
COST
At 1 January 2020 2,988,289 61,077 3,049,366
Additions 52,670 52,670
At 31December 2020 3,040,959 61,077 3,102,036
DEPRECIATION
At 1 January 2020 528,855 528,855
Charge for year 81,036 81,036
At 31 December 2020 609,891 609,891
NKT BOOK VALUE
At 31December 2020 2,431,068 61,077 2,492,145
At 31December 2019 2,459,434 61,077 2,520,511
DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
Prepayments
and accrued income		 8,863 16,450

11. CREDITORS: AMO UNTS F ALLING DUE WITHIN ONE YEAR
2020 2019
W.M.C in Advance 813 1,264
Accruals and deferred income 4,428 5,967
Deferred government grants 15,839 15,839
21,080 23,070
12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2020 2019
Deferred government grants 459,335 475,174
13. MOVEMENT IN FUNDS
Net
movement At
At 1/1/20 in funds 31/12/20
Unrestricted
funds
General fund 1,860,4&3 (56,775) 1,803,708
Restricted
funds
Major repairs fund 305,770 4,682 310,452
TOTAL FUNDS 2,166,253 (52,093) 2,114,160
Net movement
in funds,		 included in the above are as follows:
Incoming Resources ' Movement
resources expended in funds
Unrestricted
funds
General fund 113,921 (170,696) (56,775)
Restricted
funds
Major repairs
fund		 4,838 (156) 4,682
TOTAL FUNDS 118,759 (170,852) (52,093)

Net
movement At
At 1/1/19 in funds 31/12/19
Unrestricted funds
General fund 1,834,264 26,219 1,860,483
Restricted
funds
Major repairs fund 242,645 63,125 305,770
TOTAL FUNDS 2,076,909 89,344 2,166,253
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Gains and Movement
resources expended losses in funds
Unrestricted funds
General fund 177,678 (153,925) 2,466 26,219
Restricted funds
Major repairs fund 65,162 (2,037) 63,125
TOTAL FUNDS 242,840 (155,962) 2,466 89,344
Net
movement At
At I/1/19 in funds 31/12/20
Unrestricted funds
General fund 1,834,264 (30,556) 1,803,708
Restricted
funds
Major repairs fund 242,645 67,807 310,452
TOTAL FUNDS 2,076,909 37,251 2,114,160

Incoming Resources Gains and Movement
resources expended losses in funds
Unrestricted funds
General fund 291,599 (324,621) 2,466 (30,556)
Restricted
funds
Major repairs fund 70,000 (2,193) 67,807
TOTAL FUNDS 361„599 (326,814) 2,466 37,251