| Replacement | Replacement | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| of | Future | ||||||||||||
| equipment and fumistungs |
Extra- ordinary repair fund |
cycgcal repairs and maintenance |
Re- valuation reserve |
Un- restricted funds |
Total Funds 2020 |
Total funds 2019 |
|||||||
| E | E | E | E | E | E | E | |||||||
| Incoming resources hom operating activities in furtherance ofthe charity's objects:- Properly revenue 2 East Street land 2 |
42,799 3,000 |
42.799 3.000 |
45,170 3,000 |
||||||||||
| Investment Income:- |
|||||||||||||
| Interesl | 3 | 3,021 | 3.021 | 2,841 | |||||||||
| Dividends received |
9,845 | 9.845 | |||||||||||
| Total Income | E | 58.665 | 58,665 | E | 51.011 | ||||||||
| Resources expended on: | |||||||||||||
| Charitable expenditure |
|||||||||||||
| Services Gardening and grass cutting Gas, hol water, and central heahng Water rates |
6.928 2,120 |
6,928 2.120 |
150 5,441 1,794 |
||||||||||
| Electricity Teephone TV licence |
705 4,062 23 |
?05 4,062 23 |
361 2,640 45 |
||||||||||
| Council tax | 3 | 3 | |||||||||||
| 13.841 | 3.84 | 5 | |||||||||||
| Current maintenance Maintenance |
E | 2,384 | 19.544 | 11,660 | 33588 | E | 23.753 | ||||||
| Management —Noto 5 Insurance |
1,140 | 1.140 | 1,119 | ||||||||||
| Audit fees | 2,280 | 2.280 | 2,220 | ||||||||||
| Advertbing Membership fees Meefing expenses Sundry expenses Subscnptions Verualion Fees |
102 326 378 210 4,436 |
102 326 378 210 4436 |
E | 315 40 214 200 600 4.708 |
|||||||||
| Futum cycgcal repairs 8 maintenance | |||||||||||||
| Exterior Painting | |||||||||||||
| Refurblshments | |||||||||||||
| Replacement ofequipment 6furnishings |
|||||||||||||
| E | |||||||||||||
| Net expenditure | E | 2,384 | 19.544 | 29,937 | 51865 | E | 38,892 | ||||||
| Net outgoing resources for year Transfers between funds |
(2.384) 2.384 |
(19,544) 7,260 |
28,728 (9,644) |
12,119 | |||||||||
| Tmnsfer from investments Gains on property revaluation Gains)(losses) on Investmanls Net movemenl in funds Funds as at 1stJanuary, 2020 Funds as at31stDecember, 2020 |
E E |
9,540 9540 |
(12.284) (12.284) 148,265 135981 |
19,501 50 |
16,628 (16,628) 1 849,554 3» |
19,084 19,084 52,159 3 |
6,800 16628 (9,828) 2079.019 L. |
E E |
12,119 342,778 85 M,» 1,672,471 . L. 9 |
| Note | 2020 6 |
2020 6 |
f | 8 | 2019 | 2019 | E | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Fixed assets | ||||||||||
| Housing properties |
at valuation | 9 | 1,650,000 | 1,650,000 | ||||||
| Land at East Street | 10 | 65,000 | 65,000 | |||||||
| Investments | 11 | 299349 | 310,506 | |||||||
| Total fixed assets | 2.014,349 | 2.025,506 | ||||||||
| Current assets | ||||||||||
| Investments | 12 | 32,724 | 33.349 | |||||||
| Debtors | 13 | 3,405 | 392 | |||||||
| Bank and cash | 21,274 | 22,124 | ||||||||
| 57,403 | 55,865 | |||||||||
| Creditors:- Amounts falling due within one year |
14 | ~2,561 | ~2.352 | |||||||
| Net current assets | 54,842 | 53,513 | ||||||||
| Total assets less current | liabilities | 2,069,191 | 2,079,019 | |||||||
| Creditors:- | ||||||||||
| Amounts falling due after |
more than one | |||||||||
| year | ||||||||||
| Other creditors | ||||||||||
| Net assets | 20 | 8 | 2,069,191 | 6 | 2,079,019 | |||||
| Reserves- | ||||||||||
| per statement offinancial Revaluation reserve |
activities (page | 6) 16 |
1,632.926 | 1.849,554 | ||||||
| Designated Funds:- Future cyclical repairs and Extraordinary repair fund Replacement ofequipment Unrestricted funds |
maintenance and furnishings |
17 18 19 15 |
19,501 135,981 9,540 71,243 |
19,501 148,265 9,540 52,159 |
||||||
| 5 | 2,069,191 | 8 | 2,079,019 |
| 2020 | 2019 | |||
|---|---|---|---|---|
| Note | ||||
| Cash flow from operating activities |
21 | (8,871) | 8,714 | |
| Interest paid | ||||
| Net cash flow from operating | activities | (8,871) | 8,714 | |
| Cash flow from investing activities Payments to acquire investments Dividends/Interest received |
(18,845) 12,866 |
(57,000) 2,841 |
||
| Sale of investment | 14,000 | |||
| Net cash flow from investing | activities | 8,021 | (54,159) | |
| Cash flow from financing activities |
||||
| Net cash flow from financing | activities | |||
| Net increase / (decrease) in |
cash and cash equivalents | (850) | (45,445) | |
| Cash and cash equivalents | at 1"January | 22,124 | 67,569 | |
| Cash and cash equivalents | at 31"December | 21,274 | 22,124 | |
| Cash and cash equivalents | consists of: | |||
| Cash at bank and in hand | 21,274 | 22,124 | ||
| Cash and cash equivalents | at 31"December | 21,274 | 22,124 |
| Net income is stated after cha | rging/(cr | editin | g | ): | |||||
|---|---|---|---|---|---|---|---|---|---|
| 2020 | 2019 | ||||||||
| 6 | |||||||||
| Profit on fair value movement ofproperty (Profit)/Loss on fair value movement of |
(16,628) | 342,778 51,651 |
|||||||
| investments | |||||||||
| AUDITORS REMUNERATION | |||||||||
| The auditor's remuneration amounts |
to an | audit fee of E2,280(2019 -E2.220). | |||||||
| TRUSTEE REMUNERATION | |||||||||
| No trustee received remuneration during |
this or the previous | financial | year. | ||||||
| During the year, the trustees | did not | have | any expenses | reimbursed | (2019- ENil). | ||||
| FIXEDASSETS - PROPERTY | |||||||||
| 2020 | 2019 | ||||||||
| 6 | 6 | ||||||||
| Housing properties Cost |
720,000 | 720,000 | |||||||
| Revaluation at 13/12/2013 |
780,000 | 780,000 | |||||||
| Revaluation at 21/05/2019 |
150,000 | 150,000 | |||||||
| Valuation at 31stDecember, |
2020 | E | 1,65D,DDD | E | 1650,0DII | ||||
| Less: | |||||||||
| Housing Association Costs At 1stJanuary, 2020 and 31stDecember, |
2020 | 164,512 | |||||||
| Other costs and donations | |||||||||
| At 1stJanuary, 2020 and 31st December, Revaluation at31 December 2019 |
2020 | 26,476 (190,988) |
|||||||
| Depreciation At 1stJanuary, 2020 |
1,790 | ||||||||
| Revaluation at31 December |
2019 | ||||||||
| 1,790 | |||||||||
| At 31stDecember, 2020 | |||||||||
| 5 | |||||||||
| 6 [I I N 13110**IN. 2020 02019 |
E | 165IIDDD | E | 165DDDD |
| IXEDASSET INVESTMENT | S | ||||
|---|---|---|---|---|---|
| COIF | COIF | Charily MA |
|||
| income | accureulation | accumulauon | Total | Total | |
| aharea E |
shares E |
2020f | 2019f | ||
| Cost orvaluations At 1stJanuary. 2020 Additions at cost |
52,790 | 20,585 | 237,131 17,106 |
310.506 17,106 |
207,445 280,887 |
| Disposal at cost Revaluation during the year |
3,376 | 26015 | (14,000) 19,654 |
(14,000) 14,263 |
(225,627) 47,801 |
| At 31stDecember, 2020 | 56,166 | 22,600 | 220 583 | 299 349 | f310,506 |
| URRENT ASSE | T INVESTMENTS | |||
|---|---|---|---|---|
| Charity MA |
||||
| income | Total | Total | ||
| shares | 2020 | 2019 | ||
| E | E | f | ||
| Cost orvaluations | ||||
| At 1stJanuary, 2020 Additions/Disposals atcost Revaluation during the year |
33,349 1,740 2,365 |
33,349 1,740 (2,365 |
27.760 1.740 3.849 |
|
| At 31stDecember, | 2020 | 32.724 | 32,724 | E33,349 |
| DEBTORS | |||||
|---|---|---|---|---|---|
| 2020 | 2019 | ||||
| 6 | |||||
| Other debtors | f | 3,455 | 5 | 3112 | |
| CREDITORS | |||||
| 2020 | 2019 | ||||
| 6 | 6 | ||||
| Amounts falling due within one year: Other creditors and accruals |
2 551 | 2,352 | |||
| 2,651 | E | 2,352 | |||
| ACCUMULATED UNRESTRICTED FUNDS |
|||||
| 2020 | 2019 | ||||
| At 1stJanuary, 2020 Surplus for the year Transfers to designated |
funds | 52,159 28,728 ~9,544 |
47,300 20,194 ~15.335 |
||
| At 31stDecember, 2020 | 5 | 11,243 | f | 52,159 |
| EVALUATION RESERVE |
||
|---|---|---|
| 2020 6 |
2019 f |
|
| At 1stJanuary, 2020 | 1,849,554 | 1.455,125 |
| Movement during the year: Current investments |
(2,365) | 3,849 |
| Fixed investments | (14,263) | 47,802 |
| Housing properties |
342,778 | |
| At 31stDecember, 2020 | 6 1,832,926 | 6 1,849,554 |
| UTURE CYCLICAL REP | AIRS AND MAINT | ENANCE | |||
|---|---|---|---|---|---|
| 2020 8 |
2019 f |
||||
| At 1stJanuary, 2020 | 19,501 | 19,501 | |||
| Expenditure during the year |
|||||
| Transfer from unrestricted | funds | ||||
| At31stDecember. 2020 | 2 | 19,591 | 8 | 19.591 |
| Market | ||||||
|---|---|---|---|---|---|---|
| Cost | Value | |||||
| 8 | 8 | |||||
| COIF | 2,165 | 22,600 | ||||
| Charity Multi |
Asset | Fund | 242 732 | 220,583 | ||
| 2 | 244,897 | 2 | 243.183 | |||
| 2020 | 2019 | |||||
| 8 | ||||||
| At 1stJanuary, 2020 From unrestricted funds Expenditure during the year |
148,265 7,260 ~19,544 |
141,005 7,260 |
||||
| At 31stDecember, | 2020 | 8 | 135.!181 | 2 | 148,255 |
| REPLACEMENT OF EQUIPMENT AND FUR |
NISHINGS | ||
|---|---|---|---|
| 2020 | 2019 | ||
| E | |||
| At 1stJanuary, 2020 Expenditure during the year From unrestricted funds |
9,540 (2,384) 2,384 |
9,540 (8,0?5) 8,075 |
|
| At 31stDecember, 2020 | 9 | 9.549 | 9,540 |
| Net | |||||||
|---|---|---|---|---|---|---|---|
| Fixed | Current | Long-Term | Fund | ||||
| Assets | investments | Assets | Liabilities | Balances | |||
| Revaluation | reserve | 1,715,000 | 117,926 | 1,832,926 | |||
| Designated | funds | 165,022 | 165.022 | ||||
| Unrestricted | funds | 16,401 | 54,842 | 71,243 | |||
| E | 1,715000 | 299,349 | 54,842 | 2069,191 |
| CONCILIATION OF NET INCOME / (EXPENDIT |
URE) TO NET CASH FL | OW FROM O |
|---|---|---|
| 2020 | 2019 | |
| E | ||
| Net income/(expenditure) for year |
(9,828) | 406,548 |
| Dividends/Interest receivable |
(12,866) | (2,841) |
| (Gains)/Loss on investments (Gains) on Revaluation of Property (Increase)/decrease in debtors Increase/(Decrease) in creditor |
16,628 (3,014) 209 |
(51,651) (342,778) 267 (831) |
| Net cash flow from operating activities |
| FINANCIAL INSTRUMENTS | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| The carrying amounts ofthe charity's financial |
instruments | are as follows: | |||||||||||
| 2020 f |
2019 8 |
||||||||||||
| Financial assets | |||||||||||||
| Measured at fair value through | net | income: | |||||||||||
| -Fixed asset listed investments -Current asset listed investments |
(note 11) (note 12) |
299,349 32,724 |
310,506 33,349 |
||||||||||
| 332 073 | E | 3 | r 855 | ||||||||||
| Financial liabilities |
|||||||||||||
| Measured at amortised cost |
|||||||||||||
| -Trade creditors (note 14) | 2,561 2,561 |
8 | 2,352 2,352 |
||||||||||
| The income, expenses, net gains, |
and net losses attributable | the charity's | financial | instruments | are summarised | ||||||||
| follows: | |||||||||||||
| 2020 | 2019 f |
||||||||||||
| Income and expense | |||||||||||||
| Financial assets measured at |
fair | value through | net income | (6,783) | 51,651 | ||||||||
| Financial liabilities measured |
at | fair value through | net income | ||||||||||
| Net gains and losses (including | changes | in | fair value) | ||||||||||
| Financial assets measured at |
fair | value through | net income | 342,778 | |||||||||
| Financial liabilities measured |
at | fair value through | net income |