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|Contents|||Page|
|---|---|---|---|
|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|||
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|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|
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|||||Note|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|
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|||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|
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|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|
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|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||