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2020-12-31-accounts

cted F
Mas(I(Rgb C
gee h~e2 g~nt Reservg ~otal
gggO
f		 gjg9
f		 gQO
f		 f009
f		 ~20f
INCOME AND ENDOWMENTS FROM:
Donations
and Legades:
Donations 419 419
Charitable
Activities:
Almshouse
Income		 3 34+00 34,955 34,SOO 34,955
Investment
Income		 4 1 2 1 2
TOTAL 34,501 35,376 34,501 35,376
EXPENDITURE ON:
Charitable
Activities:
Almshouse
Costs		 S 30,999 66,134 30,999 66,134
TOTAL 30,999 66,134 30,999 66,134
3+02 (30,758) 3802 (30,758)
NET GAINS/(IDSSES) ON INVESTIVIENTS
Realised Gains 8 12,098 12,098
Unrealised
Gains/(Losses)		 8 (4,189) 8,059 (4,189) 8,059
NET EXPENDITURE (687) (10,601) (687) (10,601)
TRANSFERS BETWEEN FUNDS
Housing Property
Depredation		 Charge 1,803 1,803 (1,803) (1,803)
NET MOVEMENT IN FUNDS 1,116 (8,798) (1,803) (1,803) (687) (10,601)
RECONCIUATION
OF FUNDS:
Total Funds Brought Forward
As Previously
Stated		 681,369 690,167 63,105 744,474 690,167
Prior Year Adjustment 12 64,908 64,908
As Restated 681,369 690,167 63,105 64,908 744+74 755,075
Total Funds Carried Forward 681,369 61,302 63,105 743,787 744,474

Desi nated Desi nated Reserves
~Pro e cyclical ~mnrnnrntnn Alfred Ward ~ln 'r
~Pro e tt t nnn Maintenance ~Re air Trust ~neeetn ment Accu mulated
Reserve Reserve Reserve Reserve Reserve Reserve In come Total
2020 2020 +20N„k:: 2020 QXOil-:: 2020 I)t~r 2020 rt,~r01
')+X'.nn.		 2020
f		 nm ""pJf'tern 202D;;::.~01
k;
INCOME AND ENDOWMENTS
Donations and Legacies:
Donations		 FROM: @II&i(wegI:". n m ;- .
-' r' -~.=;='-::,=. ,
rgr Irvtt plier'		 Ml9
Charitable Activities:
Accommodation
Charges
Investment
Income
TOTAL		 '"e, e e 34,50D
1
34,501		 34955
, m-'' .2
n
"35,$/6		 34,500:34t985.
1
34,501
",35@76
n.t
r
EXPENDITURE ON:
Charitable
Activities:
Almshouse
Costs		 2,065 -':r.'4,404 28,934 81@80 30,999 t66I834
TOTAL 2,065 .'. 4;:404 28934 ' 6''780 30n999 ' ' 60n84
(2065) '
"(4'&404)		 5,567 '(26,354) ' ' 3,502 "(30,758)
NET GAINS/(LOSSES) ON INVESTMENTS
Realised Gains 8 12,098 12;098
Unrealised
Gains/(Losses)		 8 (657) Bn186 (857) . (7.295) (1,705) '7,468 (970) 4,700 (4,189) 8,0S9
NET INCOME/(EXPENDITURE) (2,722) -t1j2218) (BS7) -- '4,803- (1,705) 7~8 4,597 - -i[21,654) (687) (10,601)
TRANSFERS 8ETWEEN FUNDS
Provision forthe year		 5817 '' '' Sj320 6~0 '- "'6n+(0 6,000 ' 6,'000r ' (18,257) r(11;760)
Contribution
towards Extraordinary
Depreciation
charge for the year		 Repairs (3,980)
(3,98G)		 n
mrna 3,'994
+tgn'9B4)		 (11,217
(11,217)		 ':- 8')206)
~ (ig(206)		 -' 5,817 .,M2i5 6,440 ,Ii)I„:990):
',(23;g
j'		 6,000 m; "6~00)): ' 'KI,940
17,000,dI7s003
(1,257)
.M9n'183		 1,803
1,803		 -.1'803
":"-.1';803
NET MOVEMENT IN FUNDS (Sn980) r .',,'(Sr)94)
,e 1";		 (11.217) ' .t@r206) 3n09S:;
';4jXDn2		 Sn583 . . '(Bn697) 4,29S '-: 13,'468 3,340 .(2,'471) 1,116 (8r798)
RECONCILIATION
OF FUNDS:
Total Funds Brought Forward
Total Funds Carried Forward		 149,300
145,320		 'r
jSSI294"
.":~9','3I)0'		 392,595
381,378		 ~-
.'4034)01',
!',8'92'r595		 -' r, ,
28,891;s24r78'9
31,986
. ;28~r891		 ' 26,920
32,SD3		 ', :~95,'{i17!
'~26g920.
'		 361
-~.-r:
361:,:		 '361
361;		 ' 53,588
57,883		 ('I.
"',i40,3.'20"
';"
53qS88,		 29,714
m32r285
33,054,
29,114'		 681,369
682,48S		 -'.690467.
68$,,3B9
IME IME
2020}
f
Contributions
Due		 37,266 36,152
Less: Voids 2,766 1,197
34,955
ENT IN
COIF Deposit Account Interest
2020
Accumulated
Income
Expenditure
on Letting Housing Accommodation
Vacant Property Electricity 220 47
Electridty 100
Insurance 1,039 1,009
Repairs and Maintenance 390 1,669
Extraordinary Repairs 34,868
Gardening 1,793 1+00
Sundry Expenses 100 28
Provisions for Doubtful Debts 2,129
Bad Debts Written Off 424
Depreciation 17,000 17003
23,195 56,124
Support Costs —Governance Costs
Administration Costs 3,640 3570
Audit Fees 408 396
Accountancy Fees 1,512 1,470
Subscrlptlons 179 170
5,739 5,606
28,934 61,730
Cydical Maintenance Reserve
Cyclical Repairs 4,404
30,999 66,134

The property
at 2-12School Road and		 The property
at 2-12School Road and		 the School Room the School Room were revalued by Nicholas Perdval Chartered by Nicholas Perdval Chartered by Nicholas Perdval Chartered Surveyors at the insurance Surveyors at the insurance Surveyors at the insurance
reinstatement
value off415,000at 4August 2008. The		 School Room improvements and any subsequent additions were stated at
cost.The Land and Buildings have again been revalued at their insurance reinstatement value at 30June 2017ofE782,951,
f019
E
COSTOR VALUATION
Balance at beginning
and end		 ofyear 781,981 782851
MALDON DISTRICT COUNCIL GRANT
At beginning
ofthe year
As Previously Stated
Prior Year Adjustment-
see note 12		 107,988
~107,988
As Restated
At end ofthe year
DEPRECIATION
Balance at beginning
ofyear
As Previously
Stated		 177,951 117,868
Prior Year Adjustment —see note 12 43,080
As Restated 177W1 160,948
Charged
in year		 17,000 17,003
Balance at end ofyear 194,951 177,951
NET BOOK VALUE
Balance at beginning ofyear
As Previously
Stated		 605,000 557,095
Prior Year AdJustment —see note 12 64,908
As Restated 605,000 622,003
At end ofyear SBS,OOO 605,000
The cost orvaluation
ofthe land and		 buildings includes non-depreciating land atf10,000.
2020 f019
E
General Investments
Market Value at beginning ofyear
318.875(318.875) M&G Charity Multi Asset Fund Accumulation Shares 30,471 25,771
Unrealised
gain/(loss)
during the year		 (970) 4,700
Transfer to Extraordinary
Repair Reserve Investment		 at market value
as at31December 2020
69.601(Nil) M&G Charity Multi Asset Fund Accumulation Shares (6440
Market value at end ofyear
249.274(31S.S75) M&G Charity Multi Asset Fund Accumulation Shares 23,061 30,471
Original Cost at end ofyear 10,193 13,039

VESTMENTS
CO
2I019
E
Cyclical Nlaintenance
Reserve
Market Value at beginning
ofyear
216.115(216.115)M&G Charity Multi Asset Fund Accumulation Shares 20,651 17,465
Unrealised
gain/(loss)
during the year		 (657) 3,186
Market value at end ofyear
216.115(216.115)M&G Charity Multi Asset Fund Accumulation Shares 20,551
Original cost at end ofyear 13,868
Extraordinary
Repair Reserve
Market value at beginning ofyear
281.721(440.710)M&G Charity Multi Asset Fund Accumulation Shares 26,920 35,617
Addition at cost
Nil (107.282) M&G Charity Multi Asset Fund Accumulation Shares 10,000
Disposal proceeds
Nil (266.271)M&G Charity Multi Asset Fund Accumulation Shares (23500)
Realised gain during the year 12,098
Unrealised
loss during the year		 (857) (7,295)
Transfer from General Investment at market value
as at31December 2020
69.601(Nil) M&G Charity Multi Asset Fund Accumulation Shares 6,440
Market value at end ofyear
351.322(281.721)M&G Charity Multi Asset Fund Accumulation Shares 3250$ 26,920
Original cost at end ofyear 23,651 20,805
Iong Term Development
Reserve
Market value at beginning ofyear
560.799(496.429) M&G Charity Multi Asset Fund Accumulation Shares 40,120
Addition
during the year
NII (64.370)M&G Charity Multi Asset Fund Accumulation Shares 6,000
Unrealised
gain/(loss)
during the year		 7,468
Market value at end ofyear
560.799(560.799)M&G Charity Multi Asset Fund Accumulation Shares 51,883 53,5$$
Original cost at end ofyear 29,226 29,226
Total Investments
Market value at end ofthe year
Usted Indirect Investments
1,377.510(1377.510)M&G Charity Multi Asset Fund Accumulation Shares 127,441 131,630
Original cost at end ofyear 76,938 76,938
Contributions
in Arrears		 135 1,179
Prepayments 527 504
1,683

$019
INCOME AND ENDOWMENTS
DONATIONS AND LEGACIES
Donations 419
CHARITABLE ACTIVITIES
Weekly Maintenance
Contributions		 Receivable 34+55
INVESTMENT INCOME
COIF Deposit Account Interest Receivable
TOTAL INCOMING RESOURCES 34,501 35,376
EXPENDITURE
CHARITABLE ACTIVITIES
Almshouse
Costs
Vacant Property Electricity 220 47
Electridty 100
Insurance 1,039 1,009
Repairs and Maintenance 390 1,669
Cydical Repairs 2,065 4,404
Extraordinary
Repairs		 34,868
Gardening 1,793 1+00
Sundry Expenses 100 28
Provision for Doubtful Debts 2,129
Bad Debts Written Off 424
Depreciation
Charge		 17,000 17,003
25,260 60+28
SUPPORT COSTS-GOVERNANCE COSTS
Administration
Costs		 3,640 3/70
Audit Fees 408 396
Accountancy
Fees		 1+12 1,470
Subscrlptions 179 170
5,739 5,606
TOTAL RESOURCES EXPENDED 30,999 66,134
NET INCOME/(EXPENDITURE) BEFOREGAINS AND LOSSES 3,502 (30,758)
NET INVESTMENT GAINS/(LOSSES) (4,189) 20,157
NET EXPENDITURE (687) (10,601)