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2021-03-31-accounts

Income & Endowments from: Noh: Permanent
Endowment 2021 2020
Unrestricted
8		 Funds
8		 Totalf Total
Donations
and legacies		 2 4,682 4,682 10,443
Investments 3 146,812 146,812 181,165
Charitable
activities		 4 64,518 64,518 44,813
Total Income 216,012 216,012 236,421
EXPENDITURE ON:
Raising funds 5 8,641 8,641 12,083
Charitable
activities		 6 219,341 219,341 220,781
Total expenditure 227,982 227,982 232,864
NET (EXPENDITURE) I INCONIE
BEFORE		 (11,970) (11,970) 3,557
Gain/(loss)
on investment		 assets 42,833 (29,451) 13,382 (109,903)
NET NIOVEINENT
IN FUNDS		 30,863 (29,451) 1,412 (106,346)
RECONCILIATION
OF FUNDS:
Total funds brought forward 188,892 4,133,552 4,322,444 4,428,790
TOTAL FUNDS CARRIED
FORWARD		 219,755 4,104,101 4,323,856 4,322,444
Permanent
Note Unrestricted Endowment Total Total
Fund Fund 2021 2020
8 6
FIXEDASSETS
Tangible
fixed assets		 542 1,890,000 1,890,542 1,890,825
Investments 218,702 2,214,911 2,433,613 2,141,760
219,244 4,104,911 4,324,155 4,032,585
CURRENT ASSETS
Debtors 10 11,908 11,908 12,625
Cash at bank and in hand 46,734 (810) 45,924 340,992
58,642 (810) 57,832 353,617
LIABILITIES
Creditors: amounts
due within one year		 falling 11 58,131 58,131 63,758
NET CURRENT
ASSETS/LIABILITIES 511 (810) (299) 289,859
NET ASSETS 219,755 4,104,401 4,323,856 4,322,444
FUNDS OF THE CHARITY
Unrestricted
funds		 15 219,755 219,755 188,892
Endowment
Fund		 15 4,104,101 4,104,101 4,133,552
TOTAL FUNDS
219,755 4,104,101 4,323,856 4,322,444

NOTES TO THE FINANCIAL
STATEMENTS		 TO THE FINANCIAL
STATEMENTS		 TO THE FINANCIAL
STATEMENTS		 TO THE FINANCIAL
STATEMENTS
ORT
2. DONATIONS 2021 2020
6
Chapel collections 1,110 1,678
Other 3,572 8,765
4,682 10,443
All donations
were unrestricted		 in both 2021 and 2020.
INVESTMENT INCOME 2021f 2020
6
Unrestricted
Income
Properties:
Lansdowne
Road, Worcester		 (City ofWorcester) 1,100 1,100
Lansdowne
Road, Worcester		 (Allotments) 825 825
35Foregate Street, Worcester (ground/rear) 30,000 30,000
35Foregate Street, Worcester (floors 1 and 2) 9,310 9,957
12The Foregate, Worcester Ground 26,000 26,781
12The Foregate, Worcester Upper 25,230 25,230
80 High Street, Bromsgrove 8,699 22,100
82 High Street, Bromsgrove 30,000 30,000
3Foregate Street, Worcester 22,253
18The Hill Avenue 14,400 12,760
Wayleave 5 9
Harris Allday investment
income		 1,213
148282 181 818
Deposit Interest:
COIF Deposit
Account		 30 150
Total Investment
Income		 146,812 181,165
All income was unrestricted in both 2020 and 2021.
4. CHARITABLE ACTIVITY INCOME 2021 2020
6 E
Residents'
maintenance
contributions		 - unrestricted income 64,518 44,813
All income was unrestricted in both 2020 and 2021.

FOR THE YEAR ENDED 31 THE YEAR ENDED 31 MARCH 2021 MARCH 2021
5.. EXPENDITURE ON RAISING FUNDS 2021 2020
6
Rent collection fees - unrestricted expenditure 8,641 12,083
6. CHARITABLE ACTIVITIES 2021 2020
6
Salaries 47,062 47,769
Employer's
NIC
Employer's
pension		 contribution 2,193 2,169
Honorarium 1,187 1,250
Death in Service insurance 155 132
Chaplain's
house expenses		 4,537 4,304
Chapel expenses 232 974
Almshouses
expenses		 - Heat snd light 51,410 60,868
- Water rates 4,793 4,580
- Council tax 1,209 1,165
Telephone 2,099 2,066
Insurance 6,699 7,132
Bookkeeping
and secretarial costs		 26,400 25,704
Computer expenses 620 1,000
Garden expenses 683 509
Sundry expenses 5,804 6,324
Property maintenance 53,852 43,508
Professional fees 7,123 8,044
Special maintenance projects (restricted)
Depreciation 283 283
Governance - auditor's remuneration 3,000 3,000
219,341 229,281
projects
in 2019,whi		 ch were restricted.
STAFF COSTS 2021 2020
F
Gross salaries 47,062 47,769
Employer's
National		 Insurance
Other pension costs 2,193 2,169
49,255 49,938

2021 2020
No. No.
Full time 2 1
Part time 2 3

honoraria
stated abov		 e off1,187(2020:61,250).
Freehold Office
TANGIBLE FIXEDASSETS property
f		 equipment Total
6
Cost
At 1 April 2020 1,890,000 8,591 1,898,591
Additions
At 31 March 2021 1890000 8591 1 898591
Depreciation
At 1 April 2020 7,767 7,767
Charge for the year 283 283
At 31 March 2021 8050 8050
Net Book Value
At 31 March 2021 1,890,000 541 1,890541
At 31 March 2020 1 890000 824 1,890,824
2021 2020
Functional asset used by beneficiaries
StOswald's
Hospital,		 Upper Tything, Worcester 1,890,000 1,890,000

Cash
g.. FIXEDASSET UK INVESTMENT Propertyf Shares
6		 Deposits
f		 Total
5
Cost or valuation
At 1 April 2020 1,943,000 1'74,100 24,660 2,141,760
Additions 278,442 29 278,471
Disposals at proceeds
Gains I(losses) (43,000) 56,382 13,382
At 31 March 2021 1,900,000 508,924 24,689 2,433,613
Freehold property
held		 as permanent endowment 2021 2020
6 f
Investment
assets
Land, Lansdowne
Road,		 Worcester
(City ofWorcester Play Area) 17,500 17,500
Land, Lansdowne
Road,		 Worcester (South Allotments) 25,000 25,000
35 Foregate Street, Worcester 340,000 350,000
12The Foregate, Ground Floor, Worcester 240,000 260,000
12The Foregate, Upper Floors, Worcester 392,500 370,500
80 High Street, Bromsgrove 220,000 240,000
82 High Street, Bromsgrove 275,000 305,000
18The Hill Avenue 390,000 375,000
1,9M,000 1,943,000

FOR THE YEAR ENDED 31 MARCH THE YEAR ENDED 31 MARCH 2021
Permanent
FIXEDASSET UK INVESTMENTS Unrestricted Endowment
(continued) Fund Fund Total
6
2021
Property 1,900,000 1,900,000
Shares - COIF Accumulation Units 216,933 216,933
Listed shares 291,991 291,991
Cash - COIF Deposit Accounts 1,769 22,920 24,689
At 31 March 2021 218702 2214911 2433613
Permanent
Unrestricted Endowment
Fund Fund Total
6 6 F
2020
Property 1,943,000 1,943,000
Shares - COIF Accumulation Units 174,100 174,100
Listed shares
Cash - COIF Deposit Accounts 1,740 22,920 24,660
At 31 March 2021 175,840 1,965,920 2141,760
10. DEBTORS 2021f 2020
Trade debtors 11,908 12,625
11,908 12,625
All debtors relate to unrestricted funds.
11. CREDITORS: amounts
within one year		 falling due 2021
6		 2020
f
Trade creditors 46,562 6,235
Social security and other taxes 1,728
Accruals 9,841 57,523
58 131 63t58