REGI8TEftED COMPAIIY NUMBER: 00003846 (England and Wales) REGISTERED CHARITY NUMBER: 236070 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 IAARCH 2022 FOR EVANST COTfAGE HOMES Prime Chartered Acc£Juniants Corw Oak 1 Homer Road sUll 8913QG
EVANS'S ¢OThAGE HOMES CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Pag• Rof•rence and Admlnl*trallv• D•tslls Report of th• TrtMt••¥ 2 10 3 Ind•p•nd•nt Examln•V• R•port St•l•m•nt of Flmnclal A¢tl¥ltl•• B•lanc• Sh••t 6 to 7 Not•• to th• Flnthnctsl St•t•m•nts 8 to 15 D•tsll•d Stat•m•nt of FIMncthl Actlvl¢l•• 16 to 17
EVAIIS% COThAGE HOIAES REFERENCE AND ADIAINISTRATIVE DETAILS FOR THE YEAR ENDED 31 IAARCH 2022 TRUSTEES Lord of Bimingham R Cl•merts JP AMGumey& M J Htrkns JP J E Prescott JP R J Tr¢nwse JP R M Tr¥J9er JP REGISTERED OFACE 64 KKld•min8ter Ro1 861 7JY REGISTERED COMPANY NUMBER 00003846 IENJlKI WKI W8J} REGISTERED CHARITY NUIIBER 236070 INDepENDENf EXAIIINER Prim& l Hom•r Ro•d Solhul 8913QG Pago 1
evANS'S COThAGE HOIAES REPORT OF ThE TrUSTEES FOR THE YEAR ENDED 31 MARCH 2022 Tho trustees ar8 o1Eo dlrnctots of ts ¢hanty for the wrpo$8s of ts C¢mwi#s 2W6, pre88nl thoir reF with tho financial st8lements of the charty for the year ended 31 March 2022. The trustees have ad¢)pd lh• rxow$K)ns of Accounb"ng and ReFNi4ng by Charities.. StaMe of Recommended Pf8¢ti¢e applb¢abb lo charft5 wepamg their accounts in acc¥)rdance the Finan ReFth'w Sland8Td appli¢ablè in ihe UK and Repu ol Ireland IFRS 1021 {effecll 1 U¥Y 2019}. OBJECTIVES AND ACTMTIES Obl•¢llvo• and alms The chaTilable company's objecltws arè to pmwde sheltg(gd acccmryw)Jaiion for Dmen over the w 01 60 vlth weference to trSe r88idirg thin fve miles oltho dty ol Blm)irKJham. Th4 $lrategy employed to as8iSt Iho charlty lo Ihis Ob& kn lo provid6 •nd maintaln surfably dgwgned accomm¢)daliM for elderty ladw lo enaiye them to 190d an IndepeTrJ8nl llf• whhout Inlwleronc8 bul whon ngcossary, vAth tho #urwt of 0Xt•m ag8nrig$ •$ by Iwr fanyty. The tru$te&8 rofw to Iho Charity Cc¥nwisgon's gwral wNJ8nte on ljonoffit wh&n r8viwwing d)arrtable Compa¥ akn$ 0tr4ethes and In plonn¥u future 8thiffj•s. In parucular. the Itu$l••$ hav• on8id•r•d how Fdann8d a11$ wil cLtrIt>e lo th• JNJ obffithes $81. R•vl•w of th• A¢thilti The ¢hartlable corwany provhJ•s and mgkntain$ 26 ur¥is of occommodatM. Wllh effact from Wll 2021 tho onlhly Manag8menl Charge IMMCI per unll trwrnsed to £472.SO ptri month {2020-21'. £4601. Dur9 lh8 yeor therè hèg b•èn s gn¢an1 •xp•ndlture on ltr fc41Mng m•tt8rs.' 11 Upgrades to bathrooms arwor kbtdwis lor presenl dents, 21 Modemlgatlon of n818. whon amFty, prwy lo now rnsid•nl . •Jso s¢¥no lryllNgmgnls for present who were wllirrfd to 8ThJure Ihe uphthtal whilsl k¥ing in lh• 31 Con&idgrabk cbanino #Thy upgradiig ol pewry in dralnage foul water systems 0$ the site.. InCOIng 11 appraisal of the in¢omirvJ waier WFvty and ouw'ng w8Sto wa¢w and a Schemotic pbn ol all wètor p1paw0.. 4) Leglonoltt and Asbgslos 8unrnys necessary roukn malntenanc• progr8mm•s 51 Ongoing workg in accordan wilh r•c(vnm8Tr3al in lh8 Quinquennlal Rep)rt 2020. FINANCIAL REVIEW Flnanclal po•Sllon Durtng Ihe year the th8rity madè a defiiil ol Eg).17212021: delkft £9,625). charrtabl8 e<>mpFJny has acwmulaled feS8fve$ 01 £577.840 12021: £828.012). ol wN¢h £63.195 12021: £68.33518re held in desi9nat¢d reserves. 01 th•8e de8ynated £14.445 (2021.. £19.5851 are hekl In wh arKI ¢8•h equiv¢18. Invulm•nt Poll¢y The a no reslricl?ns on Ihfr ¢h8riWs powers to knvesL The iivestmenl Is dedded ut)n by the trustees. Funds ar6 held in the Affirnkn t)epwt Fund, Rethvood 8k, Camkndge and CoUneS and Virgin a¢cowÈ18 {which was dosed dur1 the ye•r 20121) thgned ¥pKifralty fLV tharitw. Rourm Pollcy 11 is the policy of the trustees to niaiAlaiTr unreslrictod funds {wl¥th are the free serveS of the tharflyl at ¥ minimum of 3 Mth8 mairf¢n8nce contribjtions wt¥ch provhjes sirfknnl fvnds io covor any unlores8en expenses or liabilrfies. In addition deswnatgj rese8$ are held lo Ixver cydical and extraor¢lnary maintenance and repair ¢o$ts. The de$wated fTo8 r8sorvos aro repP8entj by nveslrn8nis aThJ ca8h at b8nk. Free reserves are defined 85 th06e uNestrithd fvnds that are Ml invested h rd 8888ts O.e. tho¥• r8swe8 whicl) are and re8dily aThlabb to Ihe truslees). As al 31 ma 2022 fr88 rosarves were £144.624 12021-. £189.2S91. Page 2
EVANS'S COThAGE HOMES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 IIARCH 2022 FINANCIAL REVIEW GolTrg coneorn Th• truste&s hav6 prepared a buwrw ptsn ts 2022-23 aNJ. ha9 cgJnsJefed the ca8hfft>w forecast for lh& 12 months frJlowirvJ the dale ol Ing ol Ih8se aco)unts. are sailgfied that th& dwn"tablg company can contlnutr lo oporalè. These ac1115 have theref¢xe been prepared on a gcN"ry basfis. FUTURE PLANS The trustees wil ¢onlfjnuè to 0$5e55 arml do¥okp tha prop8rty. Future d•v8k)pments under C(Sra110 include.. 11 Insts1181ion or repair of aN UPVC ind¢M3 in al flats.. 21 Any n&8S8ry knprovements lo access lor less rtTh)W rothts visitors.. 31 Qn4Joing refuth"slwnenl ofnat5 a8 and V•n they becomè vacant. 41 A rolhng programme of re1w5hMertts ft¥r the wewil rnsKl8nt$ bg8od n•od. ¢¥WlUtY and wishas of the redents- 51 Furthor con81deralknn of lh• 18commondati3 m•J¢ In I qurA01 report120201'. 61 Improvemonl lo Ihe larJ5capiThJ ol the grounds", 71 A suryoy of Iho enorgy Usaoe the sila and arp1 upJr•desl¢hang•ts to th0 9a8 and o¢trldty provislons. STRUCTURE, GOVERNAMCE AND MANAGEIAENT Gov•mln9 d•¢uM•nt The organisatK)n is a chathatrfe unlmbt8(I comp8ny Sharè e•pitBI, hKyJrFK+r8led on 6 January 1868 and regiBtar8d as a charity on 10 S•ptémbor 1964. Th• company was estabk'shed a Memornndum of AssocOn whiGh bS9 Its objects WKI Fx)W8rs and ra )Vern8d uThJ8r thls docum•nt. R•¢rultrn•nt and Appolfilm•nt of Tru•t••i Ind Olr•¢tor¥ The direclors of Ihe company 8r¥ th3nty trus160s for the wrpos• ol charity I •TrJ urth the componl8 ArtIc5 ol A88cthUon are known as Ihg corrffnlttee. The admlnistrat)n ol th8 Charila9 company Js conducled by th• board. TW docJ8 al m•ilws ol s)ky and •nd rr¢ 01 ro9ar inknrva throughout the year. Dlr•¢lor Inductlon nd Tr•lnlng New trustees ar• made aw80 of Ilwir Te¥rfJnslbllW and famIan80 themseF¥es wllh tho procllcal arKI financial oper8lws. To als1 them ih•y are wovvjed wilh a copy ol Trusvs constiluliDn, lh• lal•st published 8ccounts and appropria Charity Commi83Kffl publcaiions. 8oaTd mwnbtrs are 858oclale8 and fri8nds ol the charttabkn company wilh rtiCular oppdkn. Ik mn•o•m•nt The maiowity of the charitth ar• ¥•814d in wlher Lbyds Bank, RedwKod Bank, Cambfidg8 and Count3 Bank or Affirma? Depo Fund for Charili85. The trusteos ar8 of the view that th currenl investment has 8 mknwl r&%k lor charitablo coMpy. The tnJ$tee$ Co1er the key risks a$scKiaied wilh the chwtatrkn c¢mpafty aThJ enwre that th&r• 1$ 8n •dwualo ntrrA enwionm8nt to mitlgat• these ri9ks. Thls report has bggn prepared kn w))rdwTh thg speoal of Part 15 of th• C¢)mp&nios Act 2006 re18ting lo sm811 companies. )proved ty orderof th& both oftrusteos on ....... and signed on Its behall by. R Clamwrts JP. TN818• Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EVANS'S COTTAGE HOMES Ind•p•nd•nt •x•mlnerfs rnport to Ihe 1nwtees of Evans's H¢)mes (Ihe Comp•nf) I report ty the tharity trustees on my exanwna1 of the cOUnts ol the Company for the yetr ended 31 March 2022. Respon$lbllttb¥ and bas1$ ot re As th8 chantys INsle8s of the cryy lar atso its tJfeGlorn ky Ihe wrlwes ol cnparry lawl you are r¢sws lor lh& prgpaTatM of lh• ar>UnIS in aCc(ydar vilh the requirements of tha Componies Act 21M16 Ilhe 2006 Acfl. Having 881isfiéd mysell that the a¢counls of the Company a I1 required to b8 audited under Part 16 of the 2006 Act and ar& Ind8p8 exammat, I report in respect of my examnaticjn ol your charits accounts as cam9d fAI urKler secion 145 01 the Charities kl 2011 Ilhe 2011 Aci'l. In tayMg OLrt my gxaminali¢)n I h8vfj folkM¥ed the DireGIKTh by Ihe Chatlly Ccnrnts8ion svLI1 145ISI Ibl of th• 2011 Act. Indep•ndont ex•mln•rf• •tat•m I have completèd my examina1h. I confinn Ihat r mall•¥ have come lo my In connectlon vAth lh• èxaryun•t)n cause to boh8ve. accounlng reccrfds were not In r•8pe¢t ol tho Cry8ny as r•qulrnd by sedlon 386 01 thè 2008 Acl: or the a¢counl$ do not accord wi¢h tlb)se roc0. the 8ccounts do nol Y w,th the gGcountry m9rents d SO1 3 cl Iho 21Th Ad oth8r than any rgqulr&m•nl that Ihe accowils a true and tstr VY4¥ whx * not 4 m8tter congid•red as part ol an indeFendenl exammalM)n,' or the accounls have nol b8th prnpar•d n) ats))rd wlth m8tlKts and of Ihtr statenI ol Reconynended PraciKg ILW a¢cwnUng arvj repjkng by chaiitie$ lappll¢8W lo charitN% pr8parlng Iherr accounls In accordwu with Finanoal Répth"rvJ Siandwd applabF8 in the UK and Republlc ol Irdarnl IFRS 1021). I havo rKJ concams have o)me across no Olr matters In ¢ron th• axmmlnation io whl atlenth.on shoLld be drawn in this rfjport i) ordèr to enobl• a prc¥)•r under8tanthg of lh• •¢¢wnts to be roachod. Jeremy Kiln FCA Prime Ch8rter•d Acwuntwts Comer Oak 1 Horfter Road Solihull 891 3QG Dale.. Page 4
EVANS'S COTfAGE HOMES STATEMENT OF FINANCIAL ACTr4mES IINCORPORAnNG AN INCOME AND EXPENDITURE ACCOUPffj FOR ThE YEAR ENDEO 31 MARCH 2022 2022 2021 Llnked UnreslrKled Restricted (Note 131 fu Totsl fund• Totsl funds INCOME AND ENDOWMENTS FROM Donations legatses Ch•rltabl• •¢tlvMI•• Mainienawi ClbUt Don8lions 148,352 507 148.352 507 144,389 593 Inv•8tm•nl knoJm& 1.383 1.603 2.442 Tot•1 150,642 150,8 147,424 EXPENDITURE OM Chrltabl• actlvltl•• Chantabb •ctsvilie$ Maintonance conlribul Day to day malntgnar• Extraofdinw rnai¢enanc• Cydical malnt8nwc• 04,886 380 25,5117 2,821 97,763 J.830 61.889 25,597 2.•21 97,763 3.830 7.265 63.246 16.310 3.058 Olh•r 5.115 5,115 5,171 Totsl 200.392 200.392 156,939 Nel 9ainsllb5$I + Inveslmgnts (542) 16421 {1101 NET OMEIIEXPENDITURE) 149.75D) {422} 150,172} 19,6251 RECONCIUATION OF FUNDS Tot•1 eunds brought forward 619.017 628,012 637,637 TOTAL FUNDS CARRieD FORWARO 569.267 8.573 577,a40 628,012 The notes fom wt of finarK#al ststements Page S
EVAIIS% COAGE HOIES BALANCE SHEET 31 MARCH 2022 2022 2021 Lnked lthrgstrkted Ch•ity R&sth(a8d {NL8 131 fur¥J Tot•1 Tota funds FIXED AS8ETS Tangible assets InvMtm•nts Inveslments Inveslmanl prcwty 375093 374893 381,Crf18 8.sn $73 .75D 10 7SO 48.750 0.573 433,216 438.753 CURRENT ASSET5 Pron and Incom? Celh al bank 018 192,119 147.989 147.989 148,585 192.737 CREDITORS Amounts lal& du• one year 11 1&9611 9611 (3,478) NET CURRENT A88ETS 144.624 144624 189.259 TOTAL AS8ETS LESS CURRENT LIABLITIES ,287 628.012 tr4ET ASSETS 589,267 $77,840 628,012 FUMD8 Unrtotrfd•d fvnd$ 12 577.840 628.012 TOTAL FUND3 628,012 The charilablg ¢ompany is enU•d to exem fv(¥n wthl WKlor S•clKn 477 d th• Crynbos Act 2[ far Ihe y•ar ended 31 March 2022. Thg membvrs have rbjt T8qUiTed the ccthpany to obtain an audit of its rna181 stslemnts the year endod 31 Mw¢h 2022 in C0[danCe S¢¢l#)n 476 cl the Compar4es >Li %M. (al ensuring that ¢harilth c4)mpany keeps anrI (Kords that ith SticlJns 388 and 387 of Ihe Companw Ad 2006 aNI preparfng thandal statwngnls a I( and lr vlw ol slale ol affqks of Iho chafllal ccrfnpany 85 al the end ol each fnancial year and of rts suWus defiol for each finandal yw In o¢tord8nce ith requiréments of Socbs 394 and 395 and vthith otheThvise vilh the fequirements of Ihe Cory>anws Ad 26 rekgting to finaTK4d slat•ffnts. w far as appkablè to the charitable cortyany. {bl Page 6 rJ)ntinued...
EVANS% corrAGE HOMES BALANCE SHEET- contlnu•d 31 MARCH 2022 These finanri#l statements ha been wep li aLxtydance W10n5 appkable lo tharflabltr compaThes SUe¢l lo the smal ccffipanS reywne. ancial $lalèments were aptKoved by the 8oard of Trustee5 aThJ athhowd for issue on Ji.lo.q l.&&a&..... and WèTO SW8d on its bohaif by.. R Clements JP- Tnra• R MTriggerJP- Page 7
EVANS'S COTTAGE HOMES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 PRINCIPLE ACCOUNnNG POLICIES The Evans's Cotlag6 Homes 1$ Incormted Chty In ItK United KirrfJdom. The addr of th 15 g¢ven In the charity lormal pagg 1 of Ihese fingnogl statements. The principal accounb.ng pol19 are summatised trAow. Th8 acc(A#)bng polues have b88n ap1&d consisiently thrOUOUt thg yaar 8ThJ th8 wecedry ACCOUNTING P(KICIES Ba•ls ¢1 pr•parlng th• fln•Dd•l 8tatsm•nts The financial slalemenls havo been prepared wKler the hblorfcd cosl aecotsnyng convenlson except tr1 Inv&siments hak1 as flxed asstrty are carriad At m8rk•t value. They are diawn up In accordanc th the Cotyyantes Acl 20C6. The dwrity lSIllUte9 a publ bongfit entity a$ def¢ by FRS102. statèmènts h8ve b•en propared m accrydanco the Chwities SORP {FRS 1021 'A¢counling arKI Rep¢JlNJ by Charrtios. Ststsmènl ol ReccrfnmgrMJgd PractK8 8ppJtsbl8 to Ghariligs prgparlng th8lr acctyjnts in acccdan¢& wlth the Fina?1 RepthtyJ Staryjard apicab In th& UK and Rts¢ of Ireland IFRS 1021 leffeclive 1 January 20191., Finanoal Reporting Siandard 102 'Th Financia Raporti'n9 Standard aWiGabb in th• UK And Rèpubl'¢ of lrnland, arthj ¢h• Companiw Act Th• nnandd $tstoments wepmed on a COnM undw th• hijtorical cosl c(ffl¥enlbn. Th¢ pivs¢ntatkn currency of Ihe rnoI stateMts Is Il PryJThJ Storlry <£). In¢om• All ncomo r•wis•d in tm SIknnt of financial Ackn1 on(x tha ¢harlty h•s •nllU8monl lo th• lund¥. It Is probable that Ihe wll bè re¢eWI and ts wnount can be measurod reliabty. Exp•ndllur• Llabililies are TecogTrsed 88 eXper,{vIe •s soon as there is a Wl or conslructlve oblgal cQMttIng the chartty Io Ihat expenijllure, rt Is prthblè that a transfvr ol Koncthi¢ benèfits win be roquirfjd in sellknmont ond th• amnt of ot41g8tion can b8 Measu re1ly. Exp8n(Jluo aecounled for on èn accNaL8 bra and h88 been dassifd he&ng$ Ihal agoregato all ¢osl r&lalad to tho ¢atègory. Wher• costs cannot be dlr8ctty attrlbutad to p8rD(%tsr h•adiry5 they hav• b••n ollo¢al•d to adivilles on a b8615 con&"stenl vhlh the use ol resources. Tanglbl• Ilx•d ass•ts Hou¥lng pr4)p•rtl••- d•pr•clatlon No dekyechilon M provided Iroehokl piopth1i•$ on tho wur¥ Ihal thay are maknlaknèd rogulorty a high Standard and. n Ihe tyinion of Ihe Trusle8s. given the high residual value ol the PFopertl85, the depreciation ¢harge and accthnulated dèprec4allon woubj b8 iftwleri4110 acctyJnts. T Trus189s havg cargfuly cons4d•rod arry mpawmenl In th• wing Va of the propeth and a provision is c£ffjsthred necessary. Flxturu and Ilttlngs . d•w•¢latk The fixtures and fkttings are depreoaled ffl a 25% straKJhl the basi5. A fvll yearfs L*arge has begn kyovthd for in the yeai of aCWis"0rt and no be madè in the year of disposal. Jtoms costhng1088 than £1.0 are c4ilabyed. Inv•stm•tt property Inveslmenl propety 1$ Shown 8t Iibjsl recent vabjatvj). Any aymate surpkts or defrdt ari9 from in faif vdue ts r•cogrused in Ihe Slaiement of FinwKxat Act"ties. Pagg 8 conl1nld...
EVANS'S COTTAGE HOMES NOTES TO THE F114ANCIAL STATEMENTS- ¢onllnu•d FOR THE YEAIt ENOED 31 MARCH 2022 ACCOUNTING POLICIES. cortlnu•d Taxati+) A8 a Charita8 company. Tho Evan$'$ Cottage Homes, Is exempl from tax on Incom• and gaFns falkng within seclKn8 481489 of tho CTA 2010 Soclkn 256 of thg Taxaliw of Chargeablg GaS Act 1992 to the extent th81 these 8re apphtrj to rts dwitth oti10. lax thar98s have all5 Wthkn thg ¢h8rtsNe cany. Fund a¢countlng un18strted hJnd$ represent fund5 Ihal ar• expendth al the th8cre1K ol th¥ Irvstees in the lUrth8rare ol the objects of Ihe chwithe c¢¥npany. Sh lurwjs m8ybe hehl In +kn to frsarKe both worting Ca[1 and capilal Investméni. D•slgnat•d Fund¥ Designated lund$ are those hjnds which ar• unrtsslrided in nalum bul 4vlwth ha beon natèd by t Irustees to bo u88d In lh8 lolowiNJ manner. trkny oullned bekiw. y¢ll¢•l, R•p•lrn Ind m•lnt•nan¢e lund The rosgNe r8presents amounls sel asth ts tydcal mal&nant¥ to ftet Cogtts m 90$$ budwed expeftdrt fry •ry r. Extraordlnary r•p•lr• fund This resorve represents amoiwils ••t aswjo to cgry rArt major rgp8n on trwlng propwtss to m#1 CO819 In excess ol bvdgeted expen(Mur• for any year. R•trkt•d lund Reslrlctè¢J funds can th be used lor Part#r rostrldad purp)88s vhlhln tho otyects ol Iha chanlabl& mpany. Rè8lriclxts arise whèn #F[1d by the donr when lunds arn raised for partcular restrl¢tod purpo. P•n•lon• Tho charitabl8 mpnY cmlrljulès lo the personal pOnsn schery9 ol 8Mpb05. P8nsion costs ¢harged in Slalemont ol FITra Activiie$ r•we$•nl cMIDbutKffls payab by th8 canly In the VAT Th6 dlariiable company is •¥wnpt Irom VAT. h) th0 finand&l 8laternnl8. gpphcablo, xpendlure Is shown incluslv• of VAT. INVESTMENT INCOME 2022 2021 SuThJry ¥Kome Depo8ii %COLmt inter•sl 252 2.190 1.376 1.603 2.442 Page 9 )nthued...
EVANS'S coAGE HOMES NOTES TO THE FINANCIAL STATEME14TS- contlnwd FOR TME YEAR ENDED 31 MARCH 2022 NET INCOMEIIEXPENomiRE} Net irKOrnllo>¥thbJI0) i¥ ¥lated after tharg¥(crOditi.ffj)'. 2022 2021 Ind8péndenl exomh8lk)n ¢08ts Deprod9t. owned 888els 3,058 S.172 5,115 TRUSTEES. REMUNERATION ANO BENEFITS Th¢w weffj no Ifuslees. remr1]n or othw b•neffts year 31 Mwth 2022 nor the yèar ended 31 Marth 2021. Tru•t•H' •xp•n#•• Th9re were no tru8ts89' 8yrw•8 p8vJ fry th• ar •nd•d 31 March 2022 nor for thè •nd8d 31 March 2021. STAFF COSTS Thè 8voragg number o181aff by tho Clwlty tho Fwlod w9$ 2 (2021.. 11. No gmpbye•8 (2021.. nork•) r•cdNd low wnpbye• benoffts excedn)9 £60.0(M). Th¢ ¢harty ¢)peralos a defirnd conlthion pension schome. Tho ch•rg• to Ihe Statem•nl of Flnanual Aclkntsès for lh8 year is £76012021.. £900). There wpre no outst8ThJing w£bull0n$ and no preFeid contr*utk)ns at th• y•ar •nd 31 Mweh 2022 nor at 31 March 2021. Paye 10 Qbnu8d...
EVANS'S COAGE HOMES NOTES TO TrIE FINANCIAL STATEMEp¥fs. conlw FOR THE YEAR ENDED 31 IAARCH 2022 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACThIITIES Linked Urwesth¢ted Chanty (Note 13> Restricted fu Totsl fur¥Js INCOME AND ENo(¥Er$ FROM Charltabl• activities Maintenance cgmln'but Donafjons 144,389 593 144,389 593 In¥eStrY1 ino)me 2.197 245 2,442 147.179 245 147.424 EXPENDITURE ON Charitablo act•vlti•s Clwiiable actM¢$ Day to day mainl8nanc Exiraordlnary makntenanco Cy¢Scal maintenCe Govemance costs 61.889 7.265 63246 16.310 61,889 7,285 63.246 16.310 3,058 5,171 5,171 Total 156,939 156,939 Net ga(lO$se$} on wNestw (110} (110) NET WCOIAEIIEXPENDITURE) 19.7601 135 19,625) RECONCILIATION OF FUNDS Totsl lund$ broughtlonvard 628,7TT 637,637 TOTAL FUNDS CARRIED FORWARD 619.017 628.012 Page11 continued...
EVANS'S GOThAGE HOAIES NOTES TO THE FINANCIAL STATEPIENTS- contlnugd FOR THE YEAR ENDED 31 MARCH 2022 TANGIBLE FIXED ASSErs FixtL¥e$ and Fre&th)hJ Total COST Al 1 April 2021 and 31 March 2022 367,330 42.390 409,728 OEPRECIATIOM AI 1 Apfil 2021 Chwoe lor y 28.718 6,115 28,718 5.115 At 31 March 2022 31833 33.833 NET BOOK VALUE At 31 March 2022 8.563 375.893 At 31 March 2021 367.330 13,678 381.008 FIXED ASSET INVESTMENTS iftve8tments MARKET VALVE AI 1 April 2021 Addittons 99S 220 16421 At 31 March 2022 8,S73 NET BOOK VALUE Al 31 M8rth 2022 8.573 Al 31 Marc 2021 8.995 Thero wgr• M InlmOnt 4S8•ts ouls#fr Iho UK. The Irwesth)errt b8longs to Alfred Smilh EvorA Tr1 Fund a lknked ctslty lo Evans Coltage hynes as deta,led in note 13. The fvnds tre held an nvestm8nt kn thfr Blackrock Chèrili66 UK BorKJ Fund. This inve$bYnt Is the %>le asset tho th•rity and the purpose of thich b to 98nwat• lunds for tho use of Evans's Cottage Home$. Page 12 continu...
EVANS'S COAGE HOMES NOTES TO THE FINAMCIAL STATEMENTS . contlnu•d FOR THE YEAR ENDED 31 MARCH 2022 10. INVESTraENT PROPERTY FAIR VALUE Al l A1 2021 arKI 31 March 2022 48,750 NEf BOOK VALUE Al 31 March 2022 .750 At 31 March 2021 48.750 biock o16ix nals In whkh Evans'8 Colla98 Homès is Ihe uMale fv•ehdder were revaltsad by Nick Pbinek Assoaate5 in January 2018 £97.5(, betng th8 average valuation lor the nats rem81ning on 8horf leases. The vaknaIn was pr8par8d on a rèversM ba819 wlth Ihe valuatSon bgin9 an average figure based tknglhei lh8 aro x)IY WKler the Leasehold Relomi. Housing gnd Urbjn DevelopThnl Act 1993 or on an open mark8t salo undtsr tho Lèndknd and T•n8nl Act 1987. Ihg dats ol Iho vah*lk)n. Ihwe r8mafvd Iw) n8artng Iho end of th• b••s• pefv)d. Durlng th¢ year ended 31 M¥rth 2020 Ihere om remwn1 198sg unexlon<led. 11 was deem appropdale to rev81 the investmènt prorffj in thè acCnIS aordIngty 88 hall tho 2018 value. Therefore at the year ermled 31 March 2020. the rem•inng short &80 was valued at £48,750. 11 has been d&em8d approprrate for the valuaiKffl al the year ended 31 Mwch 2022 to at £48.750. 11. CREDITORS: AMOUNTS FALLING OUE WITHIN OIIE YEAR 2022 2021 SoTh'o1 securty and Olr ta Other cr8dilors 414 520 2,957 360 460 2,658 3.901 3.478 11 MOVEMENT IN FVND8 TrJnsf•r¥ botsveen nds mvemenl In funds Al 31.3.22 At 1.4.21 Unre¥trlcled funds General fund 0g$lgnaled fund: Cydtal RepoK8 & Maintgnanc8 Desgnaled furwj.. Extra4lnary Repai Linked Chaty Awred Smbth Evar Twst DesvJnated lund.. Prcperty revaknat 545238 (90.0001 506,072 13.768 7.763) 90.000 6,005 11.211 1821) 8.440 8,995 48,750 1422) 8,573 48,750 628.Of2 150.1721 Sn.840 TOTAL FUNDS 628,012 150.1721 577,840 Page 13 gjntinued...
EVANS% COAGE HOMES NOTES TO THE FINANCIAL STATEMENTS- contlnu•d FOR THE YEAR ENDED 31 MARCH 2022 12. MOVEMENT IN FIJNDS- ¢onthwed Net movement In IwHls. KIed atth• aro as h)hxs'. c¢)m Gns a1 Movemènt Jos888 in funds Unr¢strl¢t•d funds General fun Dèsw3nat8d furKI: Cyth Rep'r5 & MatenanCe Dèsignated fund.. Ex11Id1r Repairs Linked Chwity- Avred Evaro Tnl 150.642 199.JO8) 50.834 197.7631 197.763) 12.821) 12,8211 IrA2) 1422> 150M62 1200,392 {6421 150,172> TOTAL FUNDS 1511M2 1200.392 16421 {$0.1721 Comp•rallv•• for mov•m•rt In lund• Nèl Transfws At 31.3.21 Al 1.420 tr lunds funds Uni••lrf¢tsd luftdl Qeneral fund Deson8t•d lund: & Matenance O•sn¥t•d fuThJ.. Exlr&Ordinary Rapai Llnkgd ChW- Aifrgd Snth Evan8 Twst De8ignatéd fuTrJ.. Prop8rty r•vaknathon 560.442 185,¢yyJ) $4S.238 5.078 116,3101 25.(O) 13,768 14.507 1632461 11,261 135 8.995 48,750 48.750 637.637 19.625) 628.012 TOTAL FUNDS 637.637 19,625) 628,012 P&Je 74 ct¥)Ued...
EVANS% COTTAGE HOMES NOTES TO THE FINANCIAL STATEMENTS . c¢)ntlnu•d FOR THE YEAR ENDED 31 MARCH 2022 12. MOVEMENT IN FUNDS - conllnu4d Comparatrrfe nel mo¥•mont In fwwJ$. fjrtd in I abw are as folm: InrA)miThJ Ra[c G&ns 8rKI Movement In funds Unr¢strlet•d fvnds General frjnd Designated lund.. CydKal Repays & Maintgnance Designated fvrKI.. EXtrinary Ropairs nkèd Chailty-Aifred Srrith Evans TN81 147.179 {77.383) 69.796 {16,310) 116.3101 163.246) {63.246} 245 11101 135 147.424 {156,9391 {1101 {9.825} TOTAL FUNDS 147.424 1156.939) 11101 19,6251 13. RELATED PARTIÉS UNKED CHARITY-Alfr•d 8mlth Evan• Tru•t Fund: clIty No. 231071 Th• Alfve(I Sméth Evans Twst FuThJ M • link•d ch•rlty of Th• Evanss Cott•g• Hcffj)88 und•r * sch8m& dated 29 1982. 8y a trust deed dated 14 Seplomb•r 1866, Ir))me from Th• Alfréd Snwth Evans Tntsl FuThY. $8 to be applied in augmonlffj Ihe ino)rr of Th6 Evans's Cottagg Homeg. T1 funds h8ld as an .'nv8strmenl In Bla¢krwk Charities UK Bond FWKI shares. Th8 mkèl volu8 ol ihk8 inve$tmont at 31 March 2022 was £8,573 12021.. £8,995) Inv•Jlm•nl wKom• of £22012021.. £245) has bo•n r•tangd 8rwJ relrwested by The hjfred Smith Evans Trusl Fund. Accounts consdldaliThJ SUkIry ar• not wopargd on bath that th• gross In)mo of lh• SLssidiary charity the year ended 31 March 2022 IS lo the group and th• incorrra of tha group do68 not aXC8gd the authl I86h01. 14. RESTRICTED FUND No reslJiGted income was appld for or receNe(l (kning Ihe end 31 M¥ch 2022. Th1$ wa¥ a the case lor year ended 31 March 2021. Pap 15
EVANSE COThAGE HOMES DETAILED STATEMENT OF FINANCLAL ACTMTES FOR THE YEAR ENDED 31 IAARCH 2022 2022 2021 INCOME AND ENDOWME14TS Oonatlon• and l•wl•• Grants 400 Inv•8tm•nt In¢om• Sundry income Deposit a¢counl intsresl 227 1R76 252 2.190 1.603 2.442 Chailtabl• •¢tMtl•• Mainlen#nce contribub.on Seryjce charge8 r•celv•bl• Laundry service ¢hargos Sundry Income Sundry donatn¥ 115,104 30.326 2,922 111.071 30,857 2,378 507 593 141859 144.982 Totsl Incèmlng r••our¢ 150,862 147.424 EXPENI)truRE Chwttabl• •¢dvltl•• W81er 1. toller Maintèn¢8 and l ithl Gordenir4 ond wndLNf deanlng Warden's 88kqry Iln¢ Nl) Warden'$ eMtFlbulwJn Propety Insurance T•lophono MonttoriNJ and p•mnal alwm• Sundrw$ Admlnl$lr•llon f48$ 5.129 14.189 10,333 11.755 3.yg 16,426 8.667 16.421 &829 5.467 619 4.122 4,494 2,983 471 61.569 56.923 oth Fixlures and frt11$ 5.115 5,171 Supwt ¢o•ts Oth•r Day to dèy ma*ilenance ExlracKdirwi maintenar 127,057 2.821 129.8n 12,231 63,246 75.477 Page 16
EVANS'S COThAGE HOMES DETAILED STATEMENT OF FINANCIAL ACTivrrEs FOR THE YEAR ENDED 31 IAARCH 2022 2022 2021 129.878 75,477 16,310 Cyd*al mainlena• 129,878 91,787 Go¥•Man ¢osts Independent 8xamNllon cosis 3.830 3,058 Total resources eXPw 21KI,392 156,939 P4•t •xp•ndltur• lth g•lM and IoM•8 149,530> (9.5151 R•all••d r•¢ognl••d g•lns And Io•Ms Realis8d g.nlI0uI on fix¢d as8•t inveslments (6421 1110) N•t •xp•ndlturn {50,1721 9.6251 ThL8 page not fomi p8rt ofthe stalulory finanoal $lal&menls Pwe 17