2021-04-05-accounts - The Harry Turner Almshouses Trust

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Contents
Trustees' report
1 REFERENCE AND ADMINISTRATIVE		DETAILS
2 STRUCTURE, GOVERNANCE	AND MANAGEMENT
3 OBJECTIVES AND ACTIVITIES
4 FINANCIAL REVIEW
5 TRUSTEES' RESPONSIBILITIES
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the accounts

Trustees			L Podmore	—Chairman
			Mrs CWoulds
			M G Garrett
			Ms VSaunders
			Mrs A Sullivan
			K Podmore
			M Daglish
Principal	Address		c/ o Kay Johnson Gee
			1City Road	East
			Manchester
			M15 4PN
Principal	Banker		HSBC
			2 —4St Ann's Square
			Manchester
			M2 7HD
Independent		Examiner	M J Pearson	FCA
			c/o Barlow	Andrews	LLP
			Carlyle House
			78 Chorley	New Road
			Bolton
			Lanes
			BL14BY
Solicitors			Chafes Hague Lambert
			2-4 Primrose Avenue
			Urmston
			Manchester
			M41 OTY
Charity Number			235910

Results for	the year		2021	2020
The results	for the year ended 5 April 2021are summarised	as follows
Gross income			191,326	188,557
Charitable	activities		(135,635)	(135,220)
Net income	for the year		55,691	53,337

				2021	2020
				E	E
INCOME AND ENDOWMENTS
Income from charitable		activities
Licence fee income				189,913	187,337
Investment income - bank interest				1,413	1,220
Tota I income				191,326	188,557
EXPENDITURE
Charitable activities
Property costs
Water rates				10,923	11,346
Repairs and modernisation			of property	67,215	52,218
Quinquennial	works
Insurance				4,164	4,059
Warden Service				2,085	2,007
Depreciation				21,096	31,559
Other expenses
Professional	fees			9,400	11,670
Legal services				2,352	2,238
Bank charges				330	361
Subscriptions				295	281
Sundries				35	100
Governance costs
Trustees' administration			fees	11,300	12,950
Professional	fees			5,000	5,000
Independent	examiners fee			1,440	1,431
Total expenditure				135,635	135,220
Net income / movement		in funds		55,691	53,337
At 6 April 2020				1,813,440	1,760,103
At 5 April 2021				1,869,131	1,813,440

		Note	2021	2020
			f	f
Fixed assets
Tangible fixed assets			1,556,555	1,577,651
Current assets
Sundry debtors			1,093	1,093
Cash at bank			331,509	253,917
			332,602	255,010
Creditors: amounts	falling due within one year
Accrued expenses			(20,026)	(19,221)
Net current assets			312,576	235,789
Net assets			1,869,131	1,813,440
Funds
Permanent endowment		funds	485,000	485,000
Unrestricted funds
General funds			1,304,131	1,288,440
Designated funds			80,000	40,000
Tota Ifunds			1,869,131	1,813,440

Independent examiner The fee paid to the independent examiner amounted	to E1,200 (2020:f1,200) plus value added tax.	to E1,200 (2020:f1,200) plus value added tax.
Tangible fixed assets	Improvements to
	Almshouses	Almshouses	Total
	f	f	f
Cost
At 6 April 2020	1,490,473	315,561	1,806,034
Additions
At 5 April 2021	1,490,473	315,561	1,806,034
At cost	1,005,473	315,561	1,321,034
At valuation — 10October 1995	485,000		485,000
	1,490,473	315,561	1,806,034
Depreciation
At 6 April 2020		228,383	228,383
Charge for the year		21,096	21,096
At 5 April 2021		249,479	249,479
Net book value
At 5 April 2021	1,490,473	66,082	1,556,555
At 6 April 2020	1,490,473	87,178	1,577,651

5	Funds - current year movement	Funds - current year movement	Funds - current year movement	Funds - current year movement										2020	Net income			Transfers	Transfers			2021
														f	f				f			f
	Permanent endowment funds													485,000							485,000
	Unrestricted funds
	General funds												1,288,440		55,691			(40,000)		1,304,131
	Designated funds													40,000				40,000			80,000
													1,328,440		55,691					1,384,131
	Total funds												1,813,440		55,691					1,869,131
	Funds - prior year movement													2019 Net income				Transfers				2020
														f	f				f			f
	Permanent endowment funds													485,000							485,000
	Unrestricted funds
	General funds												1,275,103		53,337			(40,000)		1,288,440
	Designated funds																	40,000			40,000
													1,275,103		53,337					1,328,440
	Total funds												1,760,103		53,337					1,813,440
6	Transactions with trustees
	The Scheme rules provide that				any trustee			who possesses						special skills and knowledge			required		by the charity			for its
	proper administration to make				and be paid				all	reasonable				charges for work ofthat		nature		done	by him	or her		or his
	or her firm when instructed			by	the other trustees to act on behalf										of the charity.	The trustee			must withdraw			from
	any meeting of the trustees			whilst			his or	her		own		instruction or			remuneration or that			of his	or her	firm	is	being
	discussed.
	Mr M G Garrett is a partner				in	Kay Johnson				Gee who			provide the administration				service to the trust.				Charges
	amounted to f12,000 plus VAT				(2020 —f12,000 plus VAT)								during the		year.
	Mrs A Sullivan is a partner	with			Chafes Hague					Lambert who provide					the trust with	legal services			which	amounted to
	f2,960 plus VAT (2020 —f1,850					plus	VAT)	during			the year.
	Ms V Saunders is a director		of		Bernard Taylor					Partnership				Limited	who provide advisory			services to the trust				which
	amounted tofNil (2020 —f1,892					plus	VAT)	during			the year.
	Mr M Daglish is a manager		at	Chadwick 5 Company.								Fees are payable off1,500 plus VAT						(2020	—f1,500 plus VAT) in
	respect ofservices provided		during the year.
	Fees payable to the trustees		during the year						was as follows:						2021							2020
															f							f
	Mrs CWoulds														1,500							1,500
	Ms VSaunders														1,500							1,500
	Mr L Podmore														5,000							5,000
	Mr K Podmore														1,500							1,500
	The charity has paid for trustees'					indemnity			insurance			of	f185(2020 —f185).
7	Financial instruments														2021							2020
															f							f
	Carrying amount offinancial		liabilities
	Measured at amortised cost														20,026						19,221