REGISTERED COMPANY NUM8ER.. 00003646 (England and Wales) REGISTERED CHARifi NUMBER: 236070 REPORT OF THE TRUSTEES AND UNAUDfrED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 hlARCH 2021 FOR EVANSE COThAGE HOMES Prin Chartered knxxmtants Comer Oak 1 Hclner Road SdthuN B913QG
EVANSE COThAGE HOMES CONTEfrifs OF ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Refernnco and Admknlstralfv• Detsi Report ofthe Trnst 2 10 4 Ind•p•nd•rt Examknges R•port Stat•m•nt of Flnanclal AclMIIos Bglance Shoet 7 to 8 Notes to tho Flnanclal Stat•m•nts g to 17 Iled Stat•m•nt ol Financlal A¢fj¥ldos 18 to 19
EVANS% corrAGE HOMES REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2021 TRUSTEES Lord Maycf of BwmiTr*am R clwnts JP A M GwneyJP M J HaynSJP J E PrescottJP R J TrengroJse JP R M TTh3ger JP REGISTERED OFFICE Prfomsgrove B617JY REGISTERED COMPANY NUMBER (XJX)3846 (ENJland 8rNJ Wa} REGISTEREO CHARITY NIIMBER 236070 INDEPENDENT EXAMINER 1 Homer Ro•J Sdlijll B91 3QG Page 1
EVANS3 corrAGE FW)MES REPORT OF THE TRUSTEES FOR THE YEAR E14DEO 31 MARCH 2021 The trustees vh) are 81s0 directors ol the chaiity for wrw)ses of th8 corranieS A£t 2006, wesent their rewt wlh the fnanc4al ststements of the chwty for the year ended 31 March 2021. The trustees have adopted Ihe prowsions of P£counlmg and ReFMyb"rrfJ by Chariti&s". Statement of Recommendwj Prnclice applicable charitEs preparing thr accounts in with Ihe Financial Reporb'ng Standard appIlble in Ihe UK Repubffic of Ireland IFRS 1021 leffedrye 1 jUary 20191 O&JECTIVES AND ACTMTIES Objecti$ and alms The charita8 coMS d>jeclives to p¥Oe shelwed accommOdatic for women over Ihg age of 60 with Preference given to Ihose re&ding wrthin five rnA8s olts uty of Birmingham. The strategy em401 b assist the cl• to meet tt¥s 0.eCtiVe is b probide maintain suitabty d8S3ned accommodati(M eldety lathes to enable ttlem kn lead an indepnt life thl interference r¢essary. with the SUPPJrt of extemal agerKS as by them or Iher famty. The trustees refer lo ihe Chty CommissN)n's gwal MIance on pthl'c benefit vthen rwewing the charitable company's wms and oL¥ectNes in fure actiwies. In pathular, the trustgas h8 cOnded hLhV Pl1 xliths wil tontiibule to tr ws ctiects set R•vlow of the Activilies The charitatAe cCMmY provides rnantains 26 of aCmmodation. The Manag8m8nt Charge IMMC) per unit Increa to £460 pw (20120.. £445) vthh effect frLKn 12020. DLMng the year the has been sigmfieant eXperM (m tho matters.. 11 Upgrades to bathrooms andlor kntthens for present resmjents" 21 Continuation of the gard landscaFffi9 proJTrmrne" 31 Modemisalion of Ilats. when empty. prior lo new regdwit - also some inv0vets lor present Idents who we wlling to wdure ts urthaval Nthlst Ir4ry in fiat.. 41 The conlifKung use of a CCTV moritcfflng tystem vh)b8 of Ihe site.. Sl Work to check, rem vthere r, the damp WfM)fing ] Ihe grcMsKI IlocK flats arKI ccmmmunal areas around the site; 61 An extensive pro0Mme ofre-de¢ryation I7ng the dwnp 71 Extenve devekKKfwII of Ihe the gle WKaudir¥J Ihe removal of sets of steps and tho re4esign of 0r, 81 Improved car parknng arèa. siitwig areas and pathways ar01 Ihe site; 91 Recfuitrnent of a replacement &Jr Ihe adminthbTh) d( by the Chair of Trustees and fono¥4mg the retirement of the Hse Managw Mrs gje Willams. The trustees are immensety grateful to Mrs Williams for the work that she has ¢J(8 dumg her time at Evans Garthns - she has navigated ts building of the cKJmmunal extensic and several major b9 (knknwlents. FINANCIAL REVIEW Flnanclal position Dumg the year the tharity made a deficit of £9.62512020'. gXF4us £2.839). (fverall the ¢hari¢atAe company has 8ccumulated reserves of £628,012 (2020.. £637.6371. of £68,335 12020.. £66.6061 are hekl in designated serveS. Of these des¥Jnatsd reserves. £19.585 {3)20: £17.856) are held Ai $h and cash equivalents. Inv•stmont Polky The are no restsicbon5 on Ihe thty.5 PQ15 lo in4psL The inNes1ml policy is d•x#J8d upon by the Iruslees. Funds are hdd in the Affimative Cy&t Fu. RedDod Bank. Cambridge and Counties and Virgin aettnts (which was dosed the year20221) sPTfit fcK ChtleS. P8ge 2
EVANS'S corrAGE trKMAES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 FINANCIAL REWEW ReseThes Pollcy It is the poIY of the trustees to m?inl• urffeslr IwKls arn the free reser of charity) al a minimum of 3 months Maintena) contrt>ulK)ns ¥1deS suffiryenl funds lo cover any unforeseen expenses or liabilitie5. kn athjition designated reser are hekl to cover cydical and extraordinary maintenwsce and repair ¢Sts. The desigmale(i and free reserves &e represente(I by InveSthnIS and cash at bank. Free reserves are defined as those uer1 funds that e TrJl invested in fixed assets li.e. those reserves %thich are liquid and rea( av•lable to the tru5tee5). A5 at 31 Mwch 2021 free reserves were £189.259 (2020.. £193.847}. Gn9 concern The trustees have prepar&Y a business pbn for 2021-22 and. having considered the cashflow forecast for t 12 monlhs fc4bMng the date of sgning of these aCcTrts, are Satisf that the tharitable ¢XpanY can conlinue to operate. These A]untS have IheTefoTe been prepared on a gong concem basis. FUTURE PLANS The trustees will conb.rwje to assess WKI deve the Futtwe deveknpments urKler considwation indude.. 1 } Insiallation of a fina] stair4Kt to errable a stair4ift fik"ty to all frst knr mModations. 2) Any necessary Hnprovements to access for th mcble resdents Visbtors.. 3) On-going refurbishment of fiats as and Nthen Ihey tecome Ynt., 4) A rolling prOamMe of refurbishments for Ihe wesenl residents based on n1. opporttjnity and wshes of the rgsidents.. 5) ConSideratn of Ihe rec(Mmmendaliors made in the ijryuennial rerM)rt (3)201; 6) Further improvement to the ldscapIng ol 7) Further consmleration of ts $4my of the wrgY US•38 the site ar•J awri>priate upgra¢Jes to the gas and electricity provi&ons. STRucnJRE. GOVERNANCE AND MANAGEI Goveming document Th8 organisats.on is a charat4e urlimiled rnpanY wit1rt share capilal. irorporated on 6 January 1868 arm Islered as a charity on 10 September 1964. The onp vras eslablished under a MeMandum of Associakn whi¢h gslablisw its oty'ects * rw)wErs gO¢d Lmder this d(ment R•cnAtm•nt and Appolnim•nt of TnJst••s and Dlr•cto The d1clorS of the rnpanY are also tharity t[Llee$ Ihe PL¥pose of thwity law and under the compan$ Articles of AssocAtn are known as the commiltee. The administration of th8 charitable company is Condted by Ihe board. They decide all matkrs of PLqicy and management and meet at regular inletvals thrhl Ihe year. Dir•etor Induction and Training New trustees are made a4Ydre of ther resp(mstih'ties * famlraiise themsefves ¥th Ihe rM3ctical and finantsal operakn'ons. To assK%l them ar8 provthd svth a copy of the Tmst's constilulion, Ihe latest published accounts and approwBte Charty Ccxnmissim Board rnberS a assouates and friends of the chartste company wth pat"cular speualigms. Rlsk managemont The majority of ihe charilable Com$ tx¥rent assets in4ESted in th Lloyds Bank. Red¥wod Bank, Cambrith3e and Cwn1 Bank or Affim)ative DasIt FurMI for Ch.8$. The trustees are of the view that the current investment has a minimal risk the chwilth crmnpany. The trustees Coder Ihe key risks associated wth c*aritaL4e ¢))mpY arwj erwrE Ihat thwe is an ats4uate contr(4 erwwonment to mitigate these nsks.
EVANS% COThAGE HOMES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 This reFwyI has baèn prepared in aCcd vAlh the WO¥iSM)ns of Part 15 of the Companies Act 2tX16 relating to Sm1 comp1&s. 0211112021 4)woved by or(ler of the board of InJst88s on ........................... .... signed its behaw by: R Clements JP - Twslee
WDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EVANS'S COThAGE HOMES Ind•pend•nt •xamin•es rep¢ to th• trust•es of EV.$ Cottage Hom•s Ilhe Company'l I report to Ihe charity trustees on my eXaMMab of the a¢cowts of the Ccrfnpany lor the year ended 31 March 2021. RespOnbIlitIeS and basis of rnport As the charity's trustees of the Cc¥npany (and also its de¢S frx the purp)ses of company lawl you are responsible for the prepn of the AInts in accordance ¥1h Ihe requirgmerrts of the C(panIeS Act 2006 Ilhe 2Crf)6 Act'l. HaMr¥J satisfied myself thai a(y>Jmts of tr Ccthpary are rth3t rewred to be audited der Part 16 of the 2006 Ad arKI are eligible for 1ThJeperKlI examinatscffi, I rrfx)rt In respect of my examlnats.c of your d)arity's acu)unls as carried cwjt under section 145 of Ihe clwill Act 2011 Ilhe 2011 Act'l. kn caryng Thjl my examinatson I have follod the Direcbons gr¥En by the Chanty Commission under section 14St51 {bl of ihè 2011 Act. Indopandent examin•rfs stat•m•nt I have conN)leled my examinabon. I ccrfrm that no matteFS haNe e4)me to my attenlion eomection v•ith ihe examinati giviro me cause to beh"e¥e". accounlwig records were kept in respecl of the Ccrfnpany as reqiMrgJ by Secti 386 of the 2006 Act., or Ihe accounts is) rnt accud 7hith those re(xwds,' or Ihe accounts do not COMpY wth the ac¢rwnting reqLwwnents of sedw)n of the 2tK)6 Act other th any requirement that Ihe accounts gNe a In f8Y *lich i% not a matter (nsIdered as part of an independent examination: or the accounts have not been prep1 7hith the metlvyts ants prinaples of the stalerTl of Recommended Prac. accUntsr and repthng by charities (applieat4e to charities preparing their accounts in acc(nce wilh Ihe Fina1 Rewxb'rvj StaKJard apylKable in the UK and RekwLIic of Ireland IFRS 1021). I have no concerns and have come across no Olher matters in CorctIon th the exarnination to whith attention shoukl be drawn in Ihis ret in order to enatle a proper urKlerstarKlir¥J of the acLounts to be Jeremy lfjtson FCA Prime Chartered Accountants Comer Oak 1 Homer Road Solihull B913QG Date: ....-...0.4}.fj.11202.1................... Page 5
EVANS'S COAGE HOMES STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME EXPEla)rruRE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021 2021 2020 Restricted fijr Total lunds Total funds {)le 131 INCOME AND ENDOWMENTS FROM Donations a[lege$ 9,500 Charltablo •¢tJvltio8 Charitable xtiwties Maintenance o)nlribution Donation5 144.389 144.389 593 140.192 19 Investment Nicome 2.197 3,166 Total 147.179 147.424 153.377 EXPENDMJRE ON Charttable activllles Charitable 8cbwtiès Day to day maintenance Extraordinary mantenanc8 Cyclical maintenance Governance costs 61.889 7,265 63.246 16.310 61,889 7,265 63.246 16.310 62.811 6.123 50.675 27,096 2.710 Olher 5.171 5.171 1,109 156.939 1S6.939 150.524 Net gainsllk)5ses) t investments {110} 1110) 114) NEr INCOMEI(EXPENDITURE} P.760) 135 {9.625) RECONCILIATION OF FUNDS Total funds brought forward 637.637 634.798 TOTAL FUNDS CARRIEO FORWARD 619.017 628,012 637,637 Page 6
EVANS'S COThAGE HOMES BALANCE SHEET 31 MARCH 2021 2020 Unrestricted nds Chtyi (Note 13) Restsicted fuTrJ Total lunds Total funds Notes FIXED ASSErs Tangible assets Investmenls Investments Inv8Stm8nt prcperty 381.008 381.008 386,180 8.99$ 48.750 8,860 48.750 10 48.750 429.758 8,995 438,753 443,790 CURRENT ASSETS PrepayTrenls and acrned inccrfne Cash al bank 618 192,119 618 191119 212 1Sfj.662 192.737 192.737 196,874 CREDoRs lOLts falling due one year (3,478) 13N781 {3.027) NET CURRENT ASSErs 189.259 189.259 193,847 TOTAL ASSETS LESS CURRENT UABIUTIES 619.017 628,012 637,637 NEf ASSErs 619.017 8,995 628.012 637.637 FUNDS Unrestricted furKIs 12 628.012 637,637 TOTAL FUNDS 628,012 637.637 The charitsble company is enliU8d to exp1K]n frcrfn uThler Seclion 477 of the CoMpanS Art 26 for the year ended 31 Mareh 2021. The rnembers have not reqUId the coryany to oblain an ajdil of its fu)anci81 statemenis for Ihe year ended 31 March 2021 in accordan wth seckn.on 476 of Ihe Cwaiies kt 2006. The trustees knoedge their responsthli ilies (a) ensuring thal the charitable CoMpY keeps accJnIu re(Xd5 that CDmFdy wth Sections 386 and 387 of the CompanEs Acl 2006 and Ib) wepamg final slatements v*lKh sive a true WKI fair of ihe state of affairs of Ihe charitable company as al the end of each financia year ol ts surplus or defiat for each finanaal year in accordance W•ith Ihe reqLirements ol Sections 394 aTrJ 395 thi¢h olheThvise ¢c¥nply 1h the requIremts of the Cui)p8nies Act 2( rdatirKJ to fin¥Mial stalements. so far as applicable to the charitable crjnpy. Thjtes form pJt of these ffinancial statents Page 7 continued...
EVANS'S COThAGE HOMES BALANce SHEEf. cortlnu•d 31 MARCH 2021 These ffinanoal statements have bw pry&J in xconknce Yrilh the wowsions appliCae to charitable ts)mp8nies subject to the comparies regime. The financial statements were awffoved by the Bowd of Trustees aTrJ aUthSed for issue on ..021.1.1J202.1..... . arvj on ts behaf ty. Rcle JP- Trustee R M TriggerJP-
EVANS'S COThAGE HOMES KITES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 MARCH 2021 PRINCPLE ACCOUNTING POLICIES The Evans's Cottaje Homes is an 1rK0ated Chity in Ihe Uiyted KingJcm. The adctress of the office is given in the tharity nfomiakn page 1 of tt5e fm8rKial ststements. The principal accoun9 p(Aioes are summarised bdow. The &cLntI)Y pc4iues have been aped e919tentty througtthjl the year the preceding peri¢Jd. ACCOUNnNG POLICIES Bas18 of pr•partng thg financial statem The financial statements have been prepwed uThJer Ihe hist(¥t4 Lx)sl wAlIng COnl)n except Ihat invesknents held as fixed assets are carrd al market vahje. They are drawn up in acrdanCe with the Conwanies Act 2006. The ch"ty consb"lutes a pub&c befit entity as deffined by FRS102. The fana31 stslements have been prepared in a¢tA)anCe Ihe Charities SORP {FRS 102) Aceounb"ng 3rKJ Reportmg by Chariti Statement of RecommerKled PractKe arvlieable to charities pparing their acc(xJnls in acmdance V•ith Ihe Fnancial Reporb'ng Standard applicaL4e in Ihe UK aTh RepublK of Ireland (FRS 102) (effective 1 January 20191,. Reportsng Standard 102 The Finanaal Repo.ng Stsndard applLable in the UK and Republ of Ireland the Cofflpanies Act The financial statements are concAm basis Umler the knstorical cost tn¥@tion. The PreSeratiOn curr of the fina slateffwts is th8 P(xJrvJ Sterfiry {£1. Income Al income is recogru5ed in the Statem1 of Finaroal ce ts tharity has entiilemenl to the fiJThJs, il is probable that Ihe irlxffle 7hryl be recefvd and thè alt can be measured reliably. Liabdilies are as ex¥Illure as as the rs a lega cff constnJciNe obligation mittin9 charity to that experxliture, rt is Fwobabkg ttlat a Iransfer of economic benefits wll be required in seDent aThJ the of dth"gation can be measwed reliably. ExterbdttLre is counted for on an accruals basis and has b88n dassifi8d under headin9S that aggregate al cost related lo the categ¢Ny. Where costs canThx be (recYy attritxjted to particular he•Jirys they have been allocated to actiwbes on a bay5 COnSiStenl YAth the use of resour. Tangible fixed assets Houslng propertl•s- d•pr•ciati¢>Th No deweuatim is provmjed on freehold prorArts on Ihe gTouTrJs Ihal they are maintaingj re¢3ularfy lo gh standard and. in Ihe opiThon ol ihe Trustees. gNen the hh residLI value of the properties, the depreCialn charge and a0nUtsd be immalwd to se xcounts. Th& Trustees have carefijlly con5thrwJ any wnpwmlI in Ihe carrying value of the PrortIeS ond a promsion is not crmsidered nesary. Flxlur¢s and rla&- dèweclatlon The fixtuw and fiithr#Js are depreuaied on 8 strwght kne bass. A fvAI yearfs drge has been provided for in the year of arKI Th) pro0 WAI be mJe H) the year of disposal. Iterns less Ihan £1.0 are rKJl caplaised. Inv•stm•nt property Investmenl prOty is Sh( at most reeent vdualim. Any aggregate sury)lus or deficit arising from changes in fair e is ¢sed Ihe Ststerrnt of Fwbancial Pdiwlies. conlinued...
EVANS% COThAGE HOMES NOTES TO THE FINANCIAL STATEMENTS. conlSnwl FOR THE YEAR ENDED 31 MARCH 2021 ACCOUNTING POUCIES- continu•d Ttixation As a charitsble u)nwany. Tr Evans's cwe Homes, is exempl from on income gains falling V+in sectyons 481489 of the CTA 2010 or Sedion 256 of ihe Taxation of Char9eable Gains Act 1932 to Ihe extent thal these a b) ILS thb"tsble ei¥eds. No tax charges havo isen Voilhin the tharitable company. Fund a¢untIng Unrestricted fun¢Js re• fwbJ$ thal are exFw¥Jth at the (scr8t¥)n of the trustees the fijrtherance of ts Oblts of Ihe chwrtatAe oNnpany. Sh futKls Ma hdd in order to finance both I)rking capit81 at¥J caixtal wweskn Dosignatod Funds Designated fvnds are those fiJThJ5 are w¥eS1rp in nalure bLrt thich have bèen dwnated by the trustees to used n the fokniiThJ mtrner. they a ouoin8d beknw. Cyclical, R•pairs and maintenance fund The reseNe represents amounts set ¢al MMan to meet costs in excess of budgeted exp&)dity for any year. Extraordinary r•pair5 fund This reserve represents amunts set 8*Je tr) cony Out w repays woperties lo meet costs in excess of budgetsd expeNkn yew. R•8trict•d fund ResIried fuThJs can be used for p8rbuAar Testrthd PLWFQSes wth¥i the objects of charitab company. Rèstrictions aiise when 4)ecified by the doncff or vknen fiJnds are raised for particular P•nslon$ The tharitae company contributes lo fv Fvsonal slon sthemes of enwoyees. Pension costs charged in the Ststement of Finan¢ial represent contribJtK)ns payat4e by tt)e thanty in I VAT The tharitsble compwy is exempt frcrfn VAT. In thEse ffin¢1 ststeMts. ere 3P1¢0b19. expenditure is shovffj indusive ol VAT. INVESTMENT INCOME 2021 SuThJry irwme Deposit ount n)terest 252 2,190 394 2.772 2A42 3,166 p10 c#)nlind...
EVANS'S corrAGE HOMES NOTES TO THE FINANCIAL STATEMENTS- ¢ontlnu•d FOR ThE YEAR ENDED 31 MARCH 2021 NET INCOMEIIEXPENDrruRE) N81 I)Me1(eXPen1yreI is staled after thlethIgI. 2020 Independent examaln ¢xssts Deprec4ation . owied assets 3,058 5.172 2.710 1.109 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees. remunera1 or other beneffts for the eThJèd 31 2021 nor for thè year ended 31 March 2020. Trustees. expgnws There We no trustees. exrnses pad lor Ihe yew ended 31 March 2021 nor ILY the year eThJed 31 March 2020. STAFF COSTS The average number of staff • by ts Ch• durry the period was 1 (2020.. 11. No employees (2020.. receiv1 total bets exce £60.C. The tharity operates a defin&1 Cltri[j1 %heme. The charg& to the Statement of Farria1 ActiMties for the year is £0(2020.. £}. There we no wtslanding c(mtributions aNI no prepaid contr1kn at the year end 31 Oecwnbw 2021 at 31 December 2020. Page 11 conlinued...
EVANS'S COAGE HOMES NOTES TO THE FINANCIAL STATlENTs- c(w1nd FOR THE YEAR ENDED 31 MARCH 2021 COIIPARATIVES FOR THE STATEME1 OF F*4ANC ACTIVITIES LKiked Charity (Note 13} Restricted fijnd Total funds INCOME AND ENDOWIIEpifs FROM alDns aThJ legaoes Charitable activltles Chariiable xtivities Maintenarte contrtjubon Donations 140.192 19 140.192 19 Investment incethe 2.786 3.166 T¢1 143,497 153,377 EXPENDITURE ON Ch¥rflabh activili•s Ctable activities Day lo day Ma7tnar Extraord¥i8ry MaintenCe Cyclical maintenance Govemance costs 62.811 6.123 41.175 27,096 2.710 62,811 6,123 50.675 27.0 2.710 1.109 1.1Cp3 141.024 150.524 gaiisllh)sses) on investTh {14) (141 NEf INCOME 2.473 RECONCILIATK)N OF FUNDS Totsl funds brought forwwd 8.494 634.798 TOTAL FUNDS CARRIED FORWARD 637.637 Page 12 continued...
EVANS'S COAGE HOMES NOTE5 TO THE FINANCIAL STATEMENTS. conllnued FOR THE YEAR ENDED 31 MARCH 2021 TANGIBLE FIXED ASSETS Fixlures Feh(thI fittw)gs Totals COST At 1 Awl 2020 and 31 Marth 2021 367.330 409.726 DEPRECIATION At 1 Apil 2020 Che for year 23.546 5.172 5.172 At 31 March 2021 28.718 28.718 NET BOOK VALUE At 31 March 2021 367.330 13fv78 381,008 At 31 Marth 2020 367.330 18.8 386,180 FIXED ASSET IMVESTMENTS Unlisted investrnents IAARKETVALUE At 1 April 2020 Adth'lions RevaluatiiJ)s 8.860 245 1110) Al 31 March 2021 8.995 NET BOOK VALUE At31 Mh 2021 At 31 March 2020 Th tre inestment 8ssels oulsi(k ts UK The inveslment belong5 to The thd Smith Evarts Trt Fd a Inked chity to Evans's C<Jttage Hornes as detailed in note 13. The are hehj as an irbvestment in the Blxkrock Ch8rities UK Bond FuThJ. This investment is the sde assel of Ihe charity aThl th8 pupose of is to generate funds frx the use ol Evans'5 Cottage Home& Page 13 contWlLd...
EVANSE COAGE HOMES NOTes TO THE FINANCIAL STATEMENTS- conlinued FOR THE YEAR ENDED 31 MARCH 2021 FIXED ASSET INVESThIEPn. Cortin1 Cost or valuation 8131 Pknh 21 is rewesented by: Unllsted Valuation in 2017 Valuation in 2018 Valuation in 2019 Valuats'on in 2020 Valuab'on in 2021 281 13S 7.923 10. FAIR VALUE Al 1 Aprl 2020 aTrJ 31 M&ch 2021 48,750 NET BOOK VALUE At 31 March 2021 48.750 At 31 2020 48.79) The block o( six fiats in Evans's Colt&Je Fknnes is Ihe ulbmak freehclder were revalued by Nit Flotnek A¢lateS in January 2018 as £97.5(K). the aver8ge vakjK for the tlats remaining on short leases. The valuation wras preparaj on a knehcthj reversKm basis vAth Ihe Valuati beiThJ an average ffigure based on whether the properbes e ulder tr Le3hol R&fomi. Housing aThJ Urban Developnent kt 1993 or on open market Sale der the Landord and Ten1 Act 1987. At the date of VaKli0n. remoinoj leases neaiing Ihe end of the lease PWICMY. DLrig tha year ended 31 March 2020 there was onty one TnIng lease unextended. 11 was deemed apFryriate to rev31 the #ivestment propety in Ihe acrounts a(YThdirwJly as half the 2018 value. Therefore at Ihe year eThJed 31 Marth 2020. the short se was valued at £48,750. It has d8eff*d ¥pYwia18 fiy ts Valuati at Ihe year endj 31 Mard) 2021 to remain at £48.750. Page 14 conlwiued...
EVANS'S COThAGE HOMES NOTES TO THE FINANCIAL STATEMEfrifs. continu•d FOR THE YEAR ENDED 31 MARCH 2021 11. CREDITORS: AIIOUNTS FALLING DUE THIN OME YEAR 2021 2020 Social serity afxl olher tsxes Other creditors Accru& exp8nses 387 2.658 2,310 3A78 3.027 12. MOVEMENT IN FUNDS mc¥vement befven in filS ds At 1.4.20 31.3.21 Unrnstrthd fvnds General fund Designated fLWKI.. Cydca Re & Maintenance tksgnated fijnd.. Extra-chd Repairs Linked Charity- Afred Smilh EYJ Trust Designated fimd: Prop8ty rwdlualion 69.796 185.000 4078 (16J10) 2&1)00 13,768 14507 1632461 60.000 135 8,995 48.750 48.750 637.637 19.625) 628.012 TOTAL FUNDS 637.637 19,625) 628.012 Net m0Vent in lunds. in thé atrthe tre as fthlovts". IneomirYJ Resovrces resour expend1 Gains and losses ment in furKIs Unr•stiicled funds General fund Designated fvnd: Cythal Repa'rs & Maintenanc Degnated fijnd.. Exlra-ckdinary Repars Linked Charity- Alfred Smith Evws Trust 147.179 (77,383) 69.7 (16.310) (16.310) (63.216) (63.246) 245 135 147.424 (156.939) 1110} {9.6251 TOTAL FUNDS 147A24 (156,939) 1110} {9,6251 Page 15 conlinued...
EVANS'S COAGE HOMES NOTES TO THE FINANCIAL STATEMENTS- ¢fy)tinuod FOR THE YEAR ENDED 31 MARCH 2021 12. MOVEMENT IN FiWDS- ¢ontlnued At 1.4.19 in funds 31.3.20 vestrict funds General fund Designaled fLnd'. Cydi¢a Répairs & Maintenance De5ignale(I fund: EXtrathI Repairs Lied Charity. Afred Smbth Evans Trust 70.744 170.WJI J,442 7.174 {27.0951 25.0 S,078 10.682 {41.1751 45,0 14,507 8.860 48,750 48.750 2.839 637.637 TOTAL FUTrI)S 637,637 Comparalive net movent in fund5. 1ThJed i) tr* atrn as folhM: Inc4>riw Resources Gains and Movement in lunds Unrestrlcted fvnds General fund Dgnated fd.. Cydical Rvs & Maintenan Designated fLmd: Exlr&Chdwwy Repays Linked tharity. AJfr&J Smilh Eva TnTrst 143.497 {72.7531 70,744 {27.0961 {27,0961 141,1751 {41.1751 366 143.877 {141.0241 1141 2.839 Restrlctsd funds Restricted fvnd [9.)) TOTAL FUNDS 153.377 I11.524} 1141 2,839 Page 16 cc'nUed...
EVANS'S COAGE KIMES NOTES TO ThE FINANCIAL STATEMENTS. contin1 FOR ThE YEAR ENDED 31 MARCH 2021 13. RELATED PARTIES UNKED CHARITY- Allrnd Smlth Evans Trusl Fund: Charlty No. 236071 The Ajlred Smilh Ewars Trust FuTrJ 15 a linked tharty of The Ewdn5's Cot trkxnes under a scheme dated 29 1982. By a trLtsI deed dated 14 S8Ptember 1. i)Me from The Ajfred Smith Evars Trust FLnd. is to be apphed in avgmentiNJ the irKome of The Evans's Cottage Hc5. These fuThJs are hetd as vestrnenl in Blackrk Charities UK B1 FuTrJ shw. The m¥ket value of this investment al 31 March 2021 was £8.995 12020. £8.8601 Inv8sts))8nt incom of £24512020: £3801 has b88n r8tained and reinveslwj by The Alfved Smith E¥S Furnl. AUnts consolakn"ng subSidry are r#)t epa on Ihe basis that the gross irhcfjme of I subsidiary tharity for the year 31 March 2021 is imm8tena to the wup and hence th]e iFKome of the groLP dc not exceed the audit tlweshdd. 14 RESTRICTED FUND No restricted inccrfne was applied for or reCd durirKJ Ihe yearerKled 31 March 2021. During the yew ended 31 M¥th 21J20. Ihe ap¥11 for grant hJrKlry lo assist with the Costs of the palio sealing wea extenwn Ihe entrarth. vknich li r8cew8d a ti)lal of £9.5(KJ. 1 the grant irK¥)me rved vras ex[ dUlti ts year 31 M¥ch 2020. Page 17
EVANS'S COThAGE HOMES DEfAILEO STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 MARCH 2021 Z021 2020 INCOME AND ENDOWMENTS Donatlons and logxles Grants Investrn•nt Income Sundry income Deposit &count inlmt 252 394 2.772 3.166 Charltable activitles Maintenance cOntfitlIOn ServKe charges re¢eiva•le Laundry service charges Sundry income Just give Sundry donations 111.071 30.857 2,378 83 108,084 29.968 2,068 72 19 593 144.982 140,711 Total Incomln9 ve8ourc•s 147A24 153,377 EXPENDITURE Charltabl• xtivitles Water Heal. tM)iler mwntenartè l ighl Gardening and wndow cbeaT¥ng Warden's salary Ilnc Nll Warden's pension ¢(lribUtI Property inswance Telephone Monitoring and personal alams Sundries Administralic¥) fe8S 2.890 15.543 9.008 15.323 16.426 8.667 15.421 5.467 619 4.122 5.125 602 471 $6.923 59.398 Other Fixbjres arvj filtin9S 5.171 1,109 Support costs Other Day lo day mawrtenance 12231 12231 9,536 9.536 Tli$ page <b)es f(wm part ofthe StattclY fin*Kia Statents Pa98 18
EVANSS COThAGE HOMES DETLED STATEMEMT OF FINANCIAL ACTivmES FOR THE YEAR ENDED 31 MARCH 2021 2021 2020 Other Brought fOrerd Extraordinary maintenance Cy*al mainlen 12231 63,246 16.310 50,675 27.096 91.n7 87.307 Governan ¢os¢s Independenl examinat¥Jn costs 3.058 2,710 Tolal resources expended 156939 150.524 N•t (exp•ndltur•Vlnc(¥n• bth gains and losses (9.515) 2.853 R¢alls¢d recogniséd gains and loss•s Realised gainsl{lossesl on fixed asset investments {110) 1141 Nel (expendI¢VInc9rn0 19.6251 2.839 TIMS page dc not form part of ihe Stsluknyf#)aIal statements p19