## 



||Index||
|---|---|---|
|||PAGES|
|Trustees'<br>Annual<br>Report|||
|Statement<br>ofTrustees'|Repsonsibilities||
|Independent<br>Examiner's|Report||
|Statement<br>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<br>Community||Foundation|10,000||
|Bernard Sunley Grant|||5,000||
|Sale ofstorage<br>unit|||800||
|TOTAL RECEIPTS|||69,402|47,118|
|EXPENDITURE|||||
|Water and drainage|rates||1,156|1,138|
|Outside<br>lighting|||511|526|
|Gas|||2,698|3,121|
|Insurance|||1,410|1,248|
|Property maintenance|||2,535|6,543|
|Garden<br>maintenance|||3,580|3,723|
|Repairs<br>& 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<br>earnings<br>B/F|||64,584|46,139|
|Retained<br>earnings<br>C/F|||41,158|64,884|





## 

||||||2021|||2020|
|---|---|---|---|---|---|---|---|---|
|||Note|E||E|E||E|
|ASSETS|||||||||
|FIXEDASSETS|||||||||
|Freehold<br>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<br>earnings|||||41,158|||64,584|
|Revaluation<br>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|



## 



## 

## 

##