| Index | ||
|---|---|---|
| PAGES | ||
| Trustees' Annual Report |
||
| Statement ofTrustees' |
Repsonsibilities | |
| Independent Examiner's |
Report | |
| Statement of Financial |
Activities | |
| Balance Sheet | ||
| Notes to the Accounts | 8-11 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| E | E | |||
| INCOME | ||||
| Rents | 46,872 | 46,872 | ||
| Charities deposit fund | Interest | 2 | ||
| NAACIF income shares | 230 | 244 | ||
| Clarks Foundation | 6,500 | |||
| Somerset Community |
Foundation | 10,000 | ||
| Bernard Sunley Grant | 5,000 | |||
| Sale ofstorage unit |
800 | |||
| TOTAL RECEIPTS | 69,402 | 47,118 | ||
| EXPENDITURE | ||||
| Water and drainage | rates | 1,156 | 1,138 | |
| Outside lighting |
511 | 526 | ||
| Gas | 2,698 | 3,121 | ||
| Insurance | 1,410 | 1,248 | ||
| Property maintenance | 2,535 | 6,543 | ||
| Garden maintenance |
3,580 | 3,723 | ||
| Repairs & maintenance |
72,615 | |||
| National Association | ofAlmshouses | 182 | 179 | |
| Clerk's fees | 6,000 | 6,000 | ||
| Accountancy | 480 | 4,329 | ||
| Professional fees | 960 | 912 | ||
| Generalexpenses | 327 | 523 | ||
| Piper lifeline | 374 | 431 | ||
| TOTAL EXPENDITURE | 82,828 | 28,622 | ||
| Net Surplus/(deficit) | for the year | (23,426) | 18,445 | |
| Retained earnings B/F |
64,584 | 46,139 | ||
| Retained earnings C/F |
41,158 | 64,884 |
| 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|
| Note | E | E | E | E | ||||
| ASSETS | ||||||||
| FIXEDASSETS | ||||||||
| 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 | 53 | 731 | 46,376 | ||||
| Cash at bank | 50,938 | 44,364 | ||||||
| COIF deposit funds | 883 | 883 | ||||||
| 105,552 | 91,623 | |||||||
| 1,041,452 | 1,027,523 | |||||||
| LIABILITIES | ||||||||
| CREDITORS | (30,960) | (960) | ||||||
| 1,010,492 | 1,026,563 | |||||||
| REPRESENTED BY | ||||||||
| Retained earnings |
41,158 | 64,584 | ||||||
| Revaluation Reserve |
969,334 | 961,979 | ||||||
| 1,010,492 | 1,026,563 |
| 4. | FIXED ASSETS | Total | |
|---|---|---|---|
| VALUATION | |||
| At 1 January 2021 | 971,617 | ||
| At 31 December 2021 | 971,617 | ||
| Less | |||
| SOCIAL HOUSING | GRANT | ||
| At 1 January 2021 and 31 December 2021 | 35,717 | ||
| NET BOOK VALUE | |||
| At 1 January 2021 | 935,900 | ||
| At 31 December 2021 | 936,900 |
| 5. | DEBTORS | AND | PREPAYMENTS | ||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| E | |||||
| Debtors | |||||
| Prepayments |
| CREDITORS | |||
|---|---|---|---|
| 2021 | 2020 | ||
| E | E | ||
| Accountancy | 960 | 960 | |
| Loan From Almshouses | Association | 30,000 | |
| 30,960 | 960 |
| COST | MARKET | VALUE | ||
|---|---|---|---|---|
| 2021 | 2020 | |||
| E | E | |||
| NAACIF | Accumulation | 11,798 | 45,891 | 40,549 |
| NAACIF | Income | 2,731 | 7,840 | 5,827 |
| 14,529 | 53,731 | 46,376 |