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|Trustees Annual
Report||Page|Page|
|---|---|---|---|
|Reference and Administrative|Details|||
|Structure,
Governance
and|Management|||
|Objectives and Activities||5 —8||
|Achievements
and Performance||9 —17||
|Financial
Review||18|—19|
|Plans for Future Periods||20||
|Trustees
Responsibilities||20||
|Financial Statements||||
|Auditors
Report||2'1|—24|
|Statement
of Financial
Activities||25||
|Balance Sheet||26||
|Cash Flow Statement||27||
|Notes forming
part ofthe Financial Statements||28- 39||
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||Analysis
of Income and Expenditure|Analysis
of Income and Expenditure||
|---|---|---|---|
|||2016-20||
|Year|Income|Expenditure|Surplus
I
(Deficit)|
|2016|F561,832|F753,302|P(191,470)|
|2017|P616,289|E1,256,407|E(640,118)|
|2018|626,224|f857,394|F(231,170)|
|2019|F622,301|F600,245|F22,056|
|2020|F565,944|f527,172|f38,772|
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|||Note|General
Funds|Restricted
Funds|Endowment
Funds|Total
2020|Total
2019|
|---|---|---|---|---|---|---|---|
|INCOME AND ENDOWMENTS|FROM|2||||||
|Donations
and legacies|||175|||175||
|Investment
income|||265,381|10,383|158,197|433,961|493,697|
|Charitable
activities||||||||
|Income from charitable
activities|||131,808|||131,808|128,604|
|TOTAL|||2397,364|E10,383|F158,197|F565,944|8622,301|
|EXPENDITURE ON||||||||
|Raising funds|||116,559|2,245|11,119|129,923|134,302|
|Charitable
activities|||361,520|||361,520|430,002|
|Governance|||35,729|||35,729|35,941|
|TOTAL|||F513,808|E2,245|F11,119|f527,172|f600,245|
|NET INCOMING
RESOURCES||||||||
|BEFORETRANSFERS|||(116,444)|8,138|147,078|38,772|22,056|
|Transfers
between
funds|||158,415||(158,415)|||
|NET INCOMING
RESOURCES||||||||
|BEFORE GAINS ON INVESTMENTS|||41,971|8,138|(11,337)|38,772|22,056|
|Net gains
/ losses on revaluation||||||||
|and disposal of investments|||314,236|26,161|302,890|643,287|1,518,533|
|Net movement
in funds|||356,207|34,299|291,553|682,059|1,540,589|
|Total funds at 1st January 2020|||F6,207,300|E1,578,717|E7,021,363|f14,807,380|f13,266,791|
|Total funds at 31st December 2020|||E6,563,507|E1,613,016|f7,312,916|F15,489,439|F14,807,380|
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|||Note||2020||2019|
|---|---|---|---|---|---|---|
|FIXEDASSETS|||||||
|Tangible assets||||1,485,003||1,485,003|
|Investments||||13,798,794||13,220,511|
|||||15,283,797||14,705,514|
|CURRENT ASSETS|||||||
|Debtors and prepayments|||34,201||34,299||
|Cash at bank and|in hand||341,784||240,770||
||||375,985||275,069||
|CURRENT LIABILITIES|||||||
|Creditors: Amounts|falling||||||
|due within one year|||150,343||153,203||
|NET CURRENT ASSETS I LIABILITIES||||225,642||121,866|
|TOTAL ASSETS LESSCURRENT LIABILITIES||||15,509,439||14,827,380|
|LONG TERIVI LIABILITIES|||||||
|Creditors: Amounts|falling due||||||
|after more than one year||||20,000||20,000|
|NET ASSETS||||f15,489,439||F14,807,380|
|CAPITAL FUNDS|||||||
|Permanent
endowment||10||7,312,916||7,021,363|
|INCOME
FUNDS|||||||
|Restricted
funds||11||1,613,016||1,578,717|
|General funds:||12|||||
|Designated||||5,604,965||5,312,729|
|Reserves||||958,542||894,571|
|||||E15,489,439||F14,807,380|
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|Cash generated
from operating|activities||2020|2019|
|---|---|---|---|---|
|Net income for the year|||||
|(as per the statement
of financial|activities)||682,059|1,540,589|
|Adjustment
for:|||||
|Gain on investments|||(643,287)|(1,518,533)|
|Investment
income|||(433,961)|(493,697)|
|(Increase)/decrease
in debtors|||98|(16,569)|
|(Decrease)/increase
in creditors|||(2,860)|(104,124)|
|Net cash used
in operating
activities|||(397,951)|(592,334)|
|Cash flows from investing
activities:|||||
|Net sale of fixed asset investments|||65,004|173,579|
|Interest and dividends|||433,961|493,697|
|Net increase
in cash and cash equivalents|||101,014|74,942|
|Cash and cash equivalents
at the
year|beginning|ofthe|240,770|165,828|
|Cash and cash equivalents
at the end of||the year|F341,784|F240,770|
|Comprising:|||||
|Cash at bank an in hand|||F341,784|8240,770|
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|Investment
income|Investment
income||2020|2019|
|---|---|---|---|---|
|Donations|||175||
|Rental income|||101,538|101,373|
|Dividends
and|interest||332,423|392,324|
||||F434,136|F493,697|
|Income from|charitable|activities|2020|2019|
|Weekly maintenance
contributions|||131,808|128,604|
||||2131,808|2128,604|
|3. EXPENDITURE ON|||||
|Raising funds|||2020|2019|
|FINANCIAL
INVESTMENTS|||||
|Investment
management||fees|75.186|87,490|
|Support costs|||11,445|11,053|
|INVESTMENT|PROPERTIES||||
|Maintenance
expenses|||10,642|3,517|
|Establishment|expenses||6,236|7,257|
|Other costs|||8,046|8,406|
|Legal fees|||1,200||
|Support costs|||11,445|11,053|
|WEEKLY MAINTENANCE||CONTRIBUTIONS|||
|Support costs|||5,723|5,526|
||||F129,923|F134,302|
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|Charitable
activities|Charitable
activities|Charitable
activities|2020|2019|
|---|---|---|---|---|
|GRANTMAKING|||||
|Grants awarded||to organisations|99,983|148,021|
|Grants awarded||to individuals|104,759|90,607|
|Support costs|||28,613|27,632|
|ALMSHOUSES|||||
|Staff costs|||26,009|25,932|
|Maintenance
expenses|||37,570|75,488|
|Establishment|expenses||18,641|17,878|
|Other costs|||17,332|16,812|
|Support costs|||28,613|27,632|
||||E361,520|E430,002|
|ANALYSIS OF|GRANTS TO ORGANISATIONS||2020|2019|
|Health, social welfare and care||||2,000|
|Sport, recreation||and leisure|12,432|10,000|
|Education
and|youth development||7,145|600|
|Voluntary
groups||—Buildings|15,300|33,103|
|Voluntary
groups||—Equipment|34,110|31,375|
|Voluntary
groups||- Overheads|38,296|52,993|
|Faith||||29,250|
|Community,
environment
and heritage||||1,200|
|Grants awarded||but not taken up or withdrawn|(7,300)|(12,500)|
||||899,983|F148,021|
|ANALYSIS OF|GRANTS TO INDIVIDUALS||2020|2019|
|Relief in need|||43,909|39,907|
|Bursaries|||59,500|50,600|
|Education
and|youth development||1,350|100|
||||2104,759|290,607|
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|Governance||2020|2019|
|---|---|---|---|
|Audit fees||4,920|4,680|
|Legal and professional|fees||1,209|
|Trustees expenses||||
|Other costs||2,196|2,420|
|Support costs||28,613|27,632|
|||F35,729|F35,941|
|ANALYSIS OF SUPPORT COSTS||2020|2019|
|Clerk's remuneration|(incl VAT)|111,360|105,000|
|Bank charges||457|301|
|Other costs||2,635|5,227|
|||F114,452|F110,528|
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|||2020|2019|
|---|---|---|---|
|Wages|and salaries|25,614|25,621|
|Social security costs||||
|Pension|contributions|395|311|
|||F26,009|F25,932|
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|6. TANGIBLE FIXEDASSETS||||
|---|---|---|---|
||Freehold
Property|Office
Equipment|Total|
|Cost or valuation||||
|At 1st January 2020|1,485,000|1,583|1,486,583|
|Additions||||
|Disposals||||
|Revaluation||||
|At 31st December 2020|E1,485,000|F1,583|E1,486,583|
|Depreciation||||
|At 1st January 2020||1,580|1,580|
|Charge for year||||
|On disposals||||
|At 31st December 2020||F1,580|E1,580|
|Net book value||||
|At 31st December 2020|E1,485,000||F1,485,003|
|At 31st December 2019|E1,485,000||F1,485,003|
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|inancial|In|vestments|||||
|---|---|---|---|---|---|---|
|||||LISTED
INVESTMENTS|CASH|TOTAL|
|Value at|1st January 2020|||11,848,430|107,081|11,955,511|
|Acquisitions||||2,020,037|(2,020,037)||
|Disposals||||(2,278,237)|2,278,237||
|Accumulated||income|||332,039|332,039|
|Management||fees|||(75,187)|(75,187)|
|Additional|withdrawals||||(321,856)|(321,856)|
|Net gains|on|revaluation|and disposal|647,273|(3,986)|643,287|
|Value at|31st December||2020|212,237,503|f296,291|F12,533,794|
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||INVESTMENT
PROPERTIES|CASH|TOTAL|
|---|---|---|---|
|Value at 1st January 2020|1,265,000||1,265,000|
|Acquisitions||||
|Disposals||||
|Cash introduced||||
|Cash withdrawn||||
|Revaluation||||
|Value at 31st December 2020|E1,265,000||E1,265,000|
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||||2020|2019|
|---|---|---|---|---|
|Rental|income due||15,042|18,561|
|Rushton|Hickman|rent deposit account|2,800||
|Prepayments|||16,359|15,738|
||||834,201|f34,299|
##
|Amounts
falling|due within one year|due within one year|2020|2019|
|---|---|---|---|---|
|Trade creditors|||45,901|48,980|
|Grants payable|||66,684|73,805|
|Deferred income|—rents|in advance|8,707|12,879|
|Other creditors|||5,315|2,781|
|Accruals|||23,736|14,758|
||||F150,343|2153,203|
|Amounts
falling|due after more than one year||2020|2019|
|Grants payable|||20,000|20,000|
||||E20,000|F20,000|
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|||At
01.01.20|Incoming
resources|Resources
expended|Transfers|Gains
/
Losses|At
31.12.20|
|---|---|---|---|---|---|---|---|
|Almshouse|Fund|1,028,020|||||1,028,020|
|Extraordinary|Repair|||||||
|Fund||550,697|10,383|(2,245)||26,161|584,996|
|||F1,578,717|F10,383|E(2,245)||F26,161|E1,613,016|
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||General
Funds|Restricted
Funds|Endowment
Funds|Total|
|---|---|---|---|---|
|Tangible
fixed assets|||||
|Almshouses|320,000|1,165,000||1,485,000|
|Office equipment|3||||
||320,003|1,165,000||1,485,003|
|Fixed asset investments|||||
|Financial
investments|6,042,436|448,016|6,043,342|12,533,794|
|Investment
properties|||1,265,000|1,265,000|
||6,042,436|448,016|7,308,342|13,798,794|
|Current assets|||||
|Debtors and prepayments|34,201|||34,201|
|Cash at bank and
in hand|337,210||4,574|341,784|
||371,411||4,574|375,985|
|Current
liabilities|||||
|Creditors: Amounts
falling|||||
|due within one year|150,343|||150,343|
||150,343|||150,343|
|Long term liabilities|||||
|Creditors: Amounts
falling|||||
|due after more than one year|20,000|||20,000|
||20,000|||20,000|
|Net assets|F6,563,507|F1,613,016|E7,312,916|F15,489,439|
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