| PAGES | |||
|---|---|---|---|
| Trustees' | Annual Report |
1-3 | |
| Statement | of Trustees' | Repsonsibilities | |
| Independent Examiner's |
Report | ||
| Statement | of Financial | Activities | |
| Balance Sheet | |||
| Notes to | the Accounts | 8-11 |
| 2020 | 2019 | |||
|---|---|---|---|---|
| E | E | |||
| INCOME | ||||
| Rents | 46,872 | 44,961 | ||
| Charities deposit fund interest | 2 | 5 | ||
| NAACIF income shares | 244 | 244 | ||
| TOTAL RECEIPTS | 47,118 | 45,210 | ||
| EXPENDITURE | ||||
| Water and drainage | rates | 1,138 | 1,176 | |
| Outside lighting |
526 | 543 | ||
| Gas | 3,121 | 2,410 | ||
| Insurance | 1,248 | 1,809 | ||
| Property maintenance |
6,543 | 8,000 | ||
| Garden maintenance |
3,723 | 3,528 | ||
| National Association |
of Almshouses | 179 | 200 | |
| Clerk's fees | 6,000 | 6,000 | ||
| Accountancy | 4,329 | 1,008 | ||
| Professional fees |
912 | 140 | ||
| General expenses | 523 | 644 | ||
| Piper lifeline | 431 | 284 | ||
| TOTAL EXPENDITURE | 28,673 | 25,742 | ||
| Net Surplus/(deficit) | for the year | 18,445 | 19,468 | |
| Retained earnings |
B/F | 46,139 | 26,671 | |
| Retained earnings | C/F | 64,584 | 46,139 |
| 2020 | 2019 | |||||||
|---|---|---|---|---|---|---|---|---|
| Note | E | E | E | |||||
| ASSETS | ||||||||
| FIXED ASSETS | ||||||||
| Freehold property |
971,617 | 971,617 | ||||||
| Less social housing | grant | (35,717) | (35,717) | |||||
| 935,900 | 935,900 | |||||||
| CURRENT ASSETS | ||||||||
| Debtors and prepayments | 5 | |||||||
| Investments | 8 | 46,376 | 48,179 | |||||
| Cash at bank | 44,364 | 25,969 | ||||||
| COIF deposit funds | 883 | 881 | ||||||
| 91,623 | 75,029 | |||||||
| 1,027,523 | 1,010,929 | |||||||
| LIABILITIES | ||||||||
| CREDITORS | (960) | (1,008) | ||||||
| 1,026,563 | 1,009,921 | |||||||
| REPRESENTED BY | ||||||||
| Retained earnings |
c/f | 64,584 | 46,139 | |||||
| Revaluation Reserve |
961,979 | 963,782 | ||||||
| 1,026,563 | 1,009,921 | |||||||
| APPROVED 0 | EHALF OF THE TRUSTE S: | |||||||
| ai | an | ............ .........Trustee | ||||||
| Mr T Roost | Mr) Attwater | |||||||
| ...+!f/+vJDA | TE | 6...P...~LJ..DATE |
| E | YEAR ENDED 31DEC | EMBER 2020 | pAGE 9 | |
| 4. | FIXED ASSETS | Total | ||
| F | ||||
| VALUATION | ||||
| At 1 January 2020 | 971,617 | |||
| At 31 December 2020 | 971,617 | |||
| Less | ||||
| SOCIAL HOUSING | GRANT | |||
| At 1 January 2020 and 31 December 2020 | 35,717 | |||
| NET BOOK VALUE | ||||
| At 1 January 2020 | 935,900 | |||
| At 31 December 2020 | 935,900 |
| 6. | CREI3ITORS | ||
|---|---|---|---|
| 2020 | 2019 | ||
| E | |||
| Accountancy | 960 | 1,008 | |
| 960 | 1,008 |
| COST | Il/IARKET VALUE | |||
|---|---|---|---|---|
| 2020 | 2019 | |||
| E | ||||
| NAACIF | Accumulation | 11,798 | 40,549 | 41,882 |
| NAACIF | Income | 2,731 | 5,827 | 6,297 |
| 14,529 | 46,376 | 48,179 |