## ## |INDEX||| |---|---|---| |Page||| |1||Index and Trustees| |2||Trustees Report| |4||Accountants Report| |January|20|Statement of Comprehensive Income| |6||Statement of Financial Position| |7||Statement of Changes in Equity & Reserves| |8−13||Notes to the Financial Statements| |||The following pages do not form part of the statutory accounts| |14||Detailed Income and Expenditure Account| |15||Detailed Expenditure| |16||Schedule of Land and Buildings| |17||Schedule of Investments| ## ## ## ## ## ## ## ## ## |||||2021|||2020| |---|---|---|---|---|---|---|---| ||Notes||||||| |TURNOVER|1.3||||||| |Service charges receivable||||32,911|||31,957| |Social Housing Activity Expenditure|||||||| |Housing Accommodation (31 units, 2020 31 units)|||||||| |Services||17,106|||18,941||| |Routine Maintenance||19,647|||25,328||| |Management||5,952|||8,134||| |Depreciation of Housing Properties||29,924|||29,383||| |||||72,629|||81,786| |Operating (deficit) from Social Housing Activities||||(39,718)|||(49,829)| |Other Operating Income||||59,688|||56,123| |(Loss)/Gain on Disposal of Investments|||||||| |Other Interest Receivable and Other Income|3|||5,547|||6,108| |Net (Deficit)/Surplus from Social Housing Activities|||£|25,517||£|12,402| |MOVEMENT ON REVENUE RESERVES|||||||| |Balance Brought Forward||||831,722|||819,320| |Net (Deficit)/Surplus from Social Housing Activities||||25,517|||12,402| |Realisation on Sale of Investment−transfer|||||||| |from Investment Revaluation Reserve|10||||||| ||||£|857,239||£|831,722| ## ## ||||2021||2020| |---|---|---|---|---|---| ||Notes||||| |FIXED ASSETS|||||| |Housing Properties:|6||662,612||651,955| |Other Fixed Assets:|||||| |Investments|7.1||162,112||146,882| |Other Land & Buildings|7.2||2,100,000||2,100,000| |Fixtures, Fittings and Equipment|||||| ||||2,924,724||2,898,837| |CURRENT ASSETS|||||| |Debtors|8|9,901||8,854|| |Cash at Bank and in Hand||69,554||71,041|| |||79,455||79,895|| |CREDITORS: Amounts Falling Due|9|7,892||21,640|| |Within One Year|||71,563||58,255| |TOTAL NET ASSSETS / (LIABILITIES)|||£ 2,996,287||£ 2,957,092| |RESERVES|||||| |Investment Revaluation Reserve|10||2,138,320||2,124,672| |Restricted Reserves|11||728||698| |Revenue Reserve|Pages||857,239||831,722| |TOTAL RESERVES|||£ 2,996,287||£ 2,957,092| ## ||Income &|||| |---|---|---|---|---| ||Expenditure|Revaluation|Restricted|| ||reserve|reserve|reserve|Total| |At 1 January 2020 as previously stated|831,722|2,124,672|698|2,957,092| |Changes on Transition to FRS102|−|−|−|| |At 1 January 2020 as restated|831,722|2,124,672|698|2,957,092| |Surplus/deficit for the year|25,517|13,648|30|39,195| |Revaluation of Tangible fixed assets|−||−|| |**Total Comprehensive Income**|857,239|2,138,320|728|2,996,287| ## ## ## ## ## ## ## ||||2021||2020| |---|---|---|---|---|---| ||None of the Trustees received any emoluments.||||| ||Fees charged by collecting Agents in respect of the services||||| ||of the Collector (including VAT)|£|7,440|£|11,520| ||||2021||2020| |3.|INTEREST RECEIVABLE AND OTHER INCOME||||| ||Bank Deposit Interest||25||28| ||Misc Income||70||50| ||Investment Income||5,452||6,030| |||£|5,547|£|6,108| ## ## ## |||2021||2020| |---|---|---|---|---| |||Total||Total| |||Housing||Housing| |||Properties|Properties|| |Cost:||||| |As at 1 January 2021||969,944||953,302| |Additions||40,581||16,642| |Other Grants||||| |As at 31 December 2021|£|1,010,525|£|969,944| |Depreciation:||||| |As at 1 January 2021||317,989||288,607| |Charge for the Year||29,924||29,382| |As at 31 December 2021|£|347,913|£|317,989| |Net Book Value|£|662,612|£|651,955| ||||2021||2020| |---|---|---|---|---|---| |7.1|Investments||||| ||Valuation:||||| ||As at 1 January 2021||146,882||156,439| ||Additions||1,582||1,931| ||Disposals at Book Value||||| ||Revaluations||13,648||(11,488)| ||As at 31 December 2021|£|162,112|£|146,882| ||The investments comprise M & G Securities Ltd −||||| ||NAACIF Common Investment Fund as follows:||||| ||118188 (2020 −118188) Income Shares||107,728||98,829| ||834 (2020 −834) Accumulation Shares||54,384||48,053| ||Carrying amount at 31 December 2021|£|162,112|£|146,882| ||Historic Cost as at 31 December 2021|£|82,908|£|81,326| ## ## |||||||2020||2019| |---|---|---|---|---|---|---|---|---| ||7.2|Freehold Land held as an investment to|produce|||||| |||Income for the Charity||||||| |||Valuation:||||||| |||As at 1 January 2020||||2,100,000||2,100,000| |||Revaluations||||||| |||Carrying amount at 31 December 2021|||£|2,100,000|£|2,100,000| |||The valuation of the freehold land is the Board's||best estimate of fair value.||||| |||Historic Cost as at 31 December 2021||||||| |||All gifted to the Charity with improvements||||||| |||stated at cost|||£|40,883|£|40,883| |8.|DEBTORS: amounts falling due within one year|||||||| |||||||2021||2020| |||Other Debtors||||||| |||Prepayments ana Accrued Income||||9,901||8,854| ||||||£|9,901|£|8,854| |9.|CREDITORS: amounts falling due within one year|||||2021||2020| |||Other Creditors and Accruals|||£|7,892|£|21,640| |||Creditors are paid within thirty days of receipt of||invoice|from|the supplier.||| |10.|INVESTMENT REVALUATION RESERVE|||||2021||2020| |||As at 1 January 2021||||2,124,672||2,136,160| |||Increase / (decrease) in value||||13,648||(11,488)| |||Realisation on sale −transfer to Revenue Reserve||||||| |||As at 31 December 2021|||£|2,138,320|£|2,124,672| |11.|RESTRICTED RESERVES|||Total|Joshua Nunn||John Fiske|| |||||||Charity||Charity| |||As at 1 January 2021||698||277||421| |||Investment Income||30||12||18| |||As at 31 December 2021||728|£|289||439| |||As at 1 January 2020||661|£|262||399| |||As at 31 December 2020|£|698|£|277||421| ||||−12−|||||| ## ## |12.|CAPITAL|COMMITMENTS||| |---|---|---|---|---| ||||2021|2020| |||Capital Expenditure that has been||| |||contracted for but not provided for in the||| |||Financial Statements|£ 20,000|£15,000| |||Capital Expenditure that has been||| |||authorised by the Trustees but has not yet||| |||been contracted for|£NIL|£NIL| ## ## ## ## |||2021||2020| |---|---|---|---|---| |INCOME||||| |Maintenance Contributions||32,911||31,957| |Bank Deposit Income||25||28| |Interest on Endowed Capital||5,452||6,030| |Gain on Disposal of Investments||||| |Miscellaneous Income||70||50| |Rental Income:||||| |Agricultural Rents|63,940||60,455|| |Wayleave Rentals|278||278|| ||64,218||60,733|| |Less: Insurance|4,530||4,377|| |Repairs and maintenance|||233|| ||4,530||4,610|| |||59,688||56,123| |TOTAL INCOME||98,146||94,188| |TOTAL EXPENDITURE (per page 15)||72,629||81,786| |(DEFICIT) / SURPLUS FOR THE YEAR||25,517||12,402| |Accumulated Surplus from Previous Years||831,722||819,320| |Transfer from Investment revaluation reserve||−||−| |Surplus on General Fund Carried Forward||£ 857,239||£ 831,722| ## ## ||2021||2020| |---|---|---|---| |SERVICE COSTS|||| |Collector's Fees −50% Service|3,720||5,760| |Care and Catering −|||| |Heating Allowance|2,780||2,970| |Christmas Gifts|900||990| |TV Licences|45||83| |Insurances|646||2,026| |Water Rates|5,495||6,573| |Hearing & Lighting −Row Chapel|223||158| |Repairs and Cleaning −Row Chapel|481||381| |Office costs|2,816||| ||£ 17 106|£|18.941| |REPAIRS AND MAINTENANCE|||| |George Street Almshouses|11,212||13,971| |Magdalen Road Almshouses|2,499||6,054| |Groves Court Almshouses|2,557||536| |Benton Street Almshouses|3,379||4,767| ||£ 19,647|£|25,328| |MANAGEMENT COSTS|||| |Collector's Fees −50% Management|3,720||5,760| |Affiliation Fee/Subscriptions|730||625| |Accountancy Fees|1,260||1,260| |Meeting Expenses|||37| |Professional fees|||| |Postage & stationery|||100| |Miscellaneous costs|||142| |Bank charges|242||210| ||£ 5,952|£|8,134| |DEPRECIATION OF HOUSING PROPERTIES −|||| |Improvements −
George Street|14,723||15,117| |Magdalen Road|1,690||754| |Benton Street|13,511||13,512| ||£29,924|£|29,383| |TOTAL EXPENDITURE|£ 72,629|£|81,786| ## ## ||||Notes||At cost||2020| |---|---|---|---|---|---|---|---| |1.|USED FOR THE PURPOSES OF THE CHARITY||1||||| ||(a)|14 Almshouses and Chapel on land having|||||| |||frontage to George Street, Hadleigh|3||Negligible|Negligible|| |||Improvements|||305,280||294,089| ||(b)|3 New Almshouses on land in George Street,|||||| |||Hadleigh|2||16,851||16,851| |||Improvements|||8,220||8,220| ||(c)|5 Almshouses on land having frontage to|||||| |||Benton Street, Hadleigh|3||Negligible|Negligible|| |||Improvements|||270,211||270,211| ||(d)|7 Almshouses on land having frontage to|||||| |||Magdalen Road, Hadleigh|2||105,650||105,650| |||Improvements|||50,731||21,341| ||(e)|2 Almshouses Groves Court, Inkerman|||||| |||Terrace, Hadleigh|2||253,582||253,582| |||||£ 1,010,525||£|969,944| |2.|HELD AS AN INVESTMENT TO PRODUCE||||||| ||INCOME FOR THE CHARITY||4||||| ||(a)|Maskells Hall Farm with land of about 321|||||| |||acres in parishes of Offton, Elmsett,|||||| |||Whatfield and Naughton −as let|||Gifted||Gifted| |||Improvements|||40,883||40,883| ||(b)|Peyton Farm, Whatfield, about 139 acres in|||||| |||parishes of Whatfield and Aldham −as let|||Gifted||Gifted| |||Land at Whatfield, about 8 acres −as let|||Gifted||Gifted| ||(c)|10 acres of land or thereabouts, in parishes|||||| |||of Po!stead and Layham −as let|||Gifted||Gifted| ||(d)|9.5 acres of land in parish of Whatfield −as let|||Gifted||Gifted| ||(e)|2 acres of allotment land or thereabouts at|||||| |||Gallows Hill, Hadleigh −as let|||Gifted||Gifted| ||(f)|2 acres of land or thereabouts known as|||||| |||Bridge Meadow, Hadleigh −as let|||Gifted||Gifted| ||(g)|22.5 acres or thereabouts at Foxearth, Essex −|||||| |||as let (Mary Clarks Foxearth Charity)|||Gifted||Gifted| ||(h)|Yearly wayleaves to Eastern Electricity Board|||Gifted||Gifted| |||||£|40,883|£|40,883| ## ## ## ## ||**Market**|**Value**|**Value**|| |---|---|---|---|---| ||**2021**||**2020**|**Cost**| |1168 (2020 −1168) Income Shares (S A Rand Charity)|1,065||977|Gifts| |380 (2020 −380) Income Shares (J R Rand Charity)|346||318|Gifts| |2953 (2020 −2953) Income Shares (A F Spooner Charity)|2,692||2,469|Gifts| |1444 (2020−1444) Income Shares (G R Jackson Charity)|1,316||1,208|Gifts| |112243 (2020 −112243) Income Shares (Endowed Capital)|102,309||93,857|41,172| |509 (2020 −509) Accumulation Shares Extra−Ordinary Repair||||| |Fund|53,337||47,128|41,007| |4 (2020 −4) Joshua Nunn Charity|419||370|290| |6 (2020 −6) John Fiske Charity|628||555|439| ||£162,112|£|146,882|£ 82,908|