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2020-12-31-accounts

INDEX				PAGE
Legal and	Administrative		Information
Trustees'	Report
Auditors'	Report
Statement	of Financial	Activities
Balance Sheet
Notes to	the Financial	Statements
Income and Expenditure			Account	l2

					Permanent	Extraordinary	Cyclical
					Endowment	Repair	Maintenance	General	Total	Total
					Fund	Fund	Fund	Fund	31.12.20	31.12.19
										6
Income and Endowments				from:
Donations								33	33
Interest								136	136	272
Dividends								5, 150	5,150	5,047
Maintenance Contributions								88,895	881895	91,539
Total Income and		Endowments						94,214	94,214	96,858
Expenditure on:
Direct Charitable		Expenditure
Rent paid								6,958	6,958	6,863
Cyclical maintenance							25,802		25,802	23,490
Other maintenance								11,252	11,252	12,583
Gardening								1,263	1,263	3,557
Extraordinary maintenance
Council tax
Water &sewerage								3,430	3,430	3,254
Insurance								2,788	2,788	1,486
Trustee insurance								408	408	408
Gas and electricity								6,347	6,347	5,561
Cleaning								685	685	232
Social activities								864	864	498
Other								780	780	829
							25,802	34,775	60,577	58,761
Governance
Audit								1,038	1,038	1,260
Professional fees								3,246	3,246	432
Clerk's fees and expenses								6,895	6,895	6,041
Office costs								931	931	348
								12,110	12,110	8,081
Total Expenditure							25,802	46,885	72,687	66,842
Net income/expenditure
before gains on investments							(25,802)	47,329	21,527	30,016
Net gains/(losses)	on investments
Gains(Losses) on investments					5I783	23,676		2,770	32,229	64,551
Net Income/Expenditure					5,783	23,676	(25,802)	50,099	53,756	94,567
Transfers between		funds
Transfer to Cyclical fund							40,000	(40,000)
Transfer to Extraordinary			Fund
Net Movement in	Funds				5,783	23,676	14,198	10,099	53,756	94,567
Reconciliation offunds
Total funds brought		forward			246,334	289,394	41,064	74,766	651,558	556,991
Total funds carried		forward			252,117	313,070	55,262	84,865	705,314	651,558

					Permanent	Extraordinary	Cyclical
					Endowment	Repair	Maintenance	General	Total	Total
					Fund	Fund	Fund	Fund	31.12.20	31.12.19
							E.		f
				Note
Freehold Property				3
Cost					239,153				239,153	239,153
Less Social Housing		Grant			(83,233)				(83,233)	(83,233)
					155,920				155,920	155,920
Investments					96,197	277,518		46,086	419,801	387,572
Fixed Assets					252,117	277,518		46,086	575,721	543,492
Current Assets
Debtors and prepayments								5,426	5,426	14,940
)IF Deposit						35,552	20,871		56,423	51,137
Current Account 8		cash					34,391	37,201	71)592	46,114
						35,552	55,262	42,627	133,441	112,191
Current Liabilities
Creditors								3,848	3,848	4,125
Net Current Assets						35,552	55,262	38,779	129,593	108,066
Net Assets					252,117	313,070	55,262	84,865	705,314	651,558
Funds
Permanent Endowment			Fund		252,117				252,117	246,334
Extraordinary	Repair	Fund				313,070			313,070	289,394
Cyclical Fund							55,262		55,262	41,064
General Fund								84,865	84,865	74,766
					252,117	313,070	55,262	84,865	705,314	651,558

		3I.I2.20	3I.I2.I9
Maintenance	contr ibutions	688,895	691,539
receivable in	the year
Arrears due	on 3I.I2.20

3.	FIXED	ASSETS			3I.I2.20	3I.I2.I9
	Freehold	Property
	Cost brought forward		at I January 2020		239,153	239,153
	Additions	in year
	Cost carried forward		at 31 December 2020		6239,I53	6239,153
4.	INVESTMENTS
					31.12.20	31.12.19
	Endowment Fund
	5340.89 COIF Income		Shares		96,197	90,414
					696,197	690,414
	Extraordinary Repair Fund
	2,032.19	COIF Income shares			36,602	34,402
	1,166.08	COIF Accumulation		shares	240,916	219,440
					6227,5 I8	6253,842
					3I.I2.20	3I.I2.I9
	General	Fund
	2,558.73	COIF Income shares			46,086	43,316

					Permanent	Extraordinary	Cyclical
					Endowment	Repair	Maintenance	General	Total	Total
					Fund	Fund	Fund	Fund	31.12.20	31.12.19
					f.			E	f.
Turnover
Maintenance Contributions								88,895	88,895	91,539
Less Operating Costs
Rent paid								6,958	6,958	6,863
Cyclical maintenance							25,802		25,802	23,490
Other maintenance								11,252	11,252	12,583
Gardening								1,263	1,263	3,557
Extraordinary maintenance
Rates
Water & sewerage								3,430	3,430	3,254
Insurance								2,788	2,788	1,486
Trustee insurance								408	408	408
Gas and electricity								6,347	6,347	5,561
Audit								1,038	1,038	1,260
Professional fees								3,246	3,246	432
Cleaning								685	685	232
Clerk's fees and expenses								6,895	6,895	6,041
Office costs								931	931	348
Social activities								864	864	498
Other								780	780	829
							25,802	46,885	72,687	66,842
Operating Surplus							(25,802)	42,010	16,208	24,697
Profit/Loss on sale of Investments
Interest receivable and		other Income						5,3 I9	5,319	5,3 I9
Surplus on ordinary		activities					(25,802)	47,329	21,527	30,016
before taxation
ax on surplus on ordinary				activities
Grant receivable against		taxation
Surplus for the year							(25,802)	47,329	21,527	30,016
Transfer to Cyclical	fund						40,000	(40,000)
Transfer to Extraordinary			Fund
Unrealised gains/(losses)			on	investments	5,783	23,676		2,770	32,229	64,551
Reconciliation of	Funds:
Reserves brought	forward				246,334	289,394	41,064	74,766	651,558	556,991
Reserves carried forward					252,117	313,070	55,262	84,865	705,314	651,558