2020-12-31-accounts

			al0K	W 'ta el 666I tD	L' al 662 O	W 666 ~	I lll 4! E 626 g o Q O N N	al el g I La ct la rts cs— N
INCOMING RESOURCES
Incoming resources from	generated	funds
Investment income				189,483			189,486	191,594
Grants				154,797			154,197	90,540
Voluntary income: donations				205			205	90
Total incoming resources				344,485				282,224
RESOURCES EXPENDED
Cost ofgenerating funds
Investment management	costs			102,654			102,654	75,151
Charitable activities				4,782			4,782	1,512
Governance costs				6,270			6,270	1,560
Other resources expensed				2,983			2,983	1,949
Total resources expended				116,689			116,689	80,172
Net incoming resources before transfers				227,796			227,796	202,052
Gross transfers between	funds			(22,000)	22,000
Net movement in funds before gains and losses on investments				205,796	22,000		227,796	202,„052
Gain/(Loss) on investments				(73,532)			(73,532)	157,403
Fair value adjustment to	properties			760,000			160,000
Net movement in funds				892,264	22,000		914,264	359,455
RECONCILIATION OF FUNDS
Total funds brought forward				10,063,547	1,590,470		11,654,017	11,294,562
TOTAL FUNDS CARRIED FORWARD				10,955,811	2,622,620		12,568,281	11,654,017

			Notes	2020 (E)	202G (E)	2019(E)	2019(E}
FIXEDASSETS
Investment properties			5	10,559,711		9,511,929
Other Investments			6	965,566		1,039,100
					11,525,277		10,551,029
CURRENT ASSETS
Debtors				8		90,919
Cash at bank and in	hand			1,049,453		1,016,456
				1,049,461		1,107,375
CURRENT UASILITIES
Creditors: Amounts	falling	due within
one year				(6,457)		(4,387)
Net current assets					1,043,004		1,102,988
Total net assets					12,568,281		1lr654,G17
Represented by:
Unrestricted fund
Income and general	fund				10,955,811		10,152,899
Designated funds
Capital fund				1,101,190		1,101,190
Capital recoupment	fund	I		5,280		5,280
Capital recoupment	fund	II		506,000		484,000
					1,612,470		1,590,470
Total funds					12,568,281		11,65¹, 017

2.	INVESTMENT	INCOME
					2020	2019
						f
	Residential	property	rents		154,562	147,793
	Allotment	rents			407
	Income from investment			portfolios	32,838	41,954
	Bond and	bank interest			1,676	1,847
					189,483	191,594
3.	OTHER INCOME
					2020	2019
						f
	Donations				205	90
	Grants				154,797	90,540
					155,002	90,630

Investment management	Investment management	Investment management	costs	2020f	2019 f
Property	management	fees		16,693	15,962
Property	insurance			3,955	3,407
Property	repairs andmaintenance			82,006	55,782
				102,654	75,151
				2020	2019
Charitable	activities			f
Charitable	aid and assistance			4,782	1,512
				4,782	1,512
				2020	2019
Governance costs					f
Auditor's	remuneration			3,600	1,560
Accountancy				2,670
				6,270	1,560
Other resources expended				2020	2019f
Honora ria				1,250	1,200
Secreta ria I and sundry				1,733	749
				2,983	1,949

REDITORS: AMOUNTS FALLING DUE WITHIN ONE YEA	R
	2020 f.	2019f
Accrual	3,600	1.,560
Other creditors	2,857	2,827
		4,387

			Srought	Net		Transfers
			forward	movement	Gain/ on	between	Carried
			(asrestated)	in funds f	investmentsf	fundsf	forwardf
Income and general	fund		10,063,547	227,796	686,468	(22,000)	10,955,811
Capital fund			1,101,190				1,101,190
Capital recoupment	fund	I	5,280				5,280
Capital recoupment	fund	II	484,000			22,000	506,000
Total funds			11,654,017	227,796	686,468		12,568,281
NALYSIS OF FUNDS
			Investment	Other	Current	Current
			propertiesf	investmentsf	assets	liabilitiesf	Total
Income and general	fund		8,947,241	965,566	1,049,461	(6,457)	10,955,811
Capita I fund			1,101,190				1,103.,190
Capital recoupment	fund	I	5,280				5,280
Capital recoupment	fund	II	506,000				506,000
Total funds			9,799,711	965,566	1,049,461	(6,457)	12,568,281