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2021-03-31-accounts

	Page
Legal and Administrative Details
Trustees' Annual Report
Reporting Accountant's Report	10
Statement of Financial Activities
Statement ofFinancial Position
Statement ofCash Flow	13
Notes to the Financial Statements	14-24

egistered Provi	der		We h	ave a	dopted thes	e which are re	ported below:
Indicator					2021	Actual	Actual	2022
					Tar et	2021	2020	Tar et
1. Reinvestment				in	0.7%	1.3%	0.0o/o	1.0o/.
development	and		capitai
works
2a. New supply	delivered				00%	0.0%	0 Oo/	0.0%
Social housin	units
2b. New supply	delivered				0.0'/o	0.0%	0.0%	0.0%
Non-social housin			units
3.Gearin
4. Interest cover		including
capitalised repairs
EBITDA-MRI
5 Social housing		cost		per	E3,985	K5,334	E3,945	E5,000
unit
6.Operating margin					7.0%	12%	22.9%	20%
Social housin	lettin		s
7. Operating			margin		21.6%	17.9o/o	47./%	24.0%
(overall)
8. Return	on		capital		1.4%	12%	4 1o/	2 Oo/o
em lo ed

					2021		2020
				Unrestricted	Restricted
			Note	Fundsf	Funds	Total R	Total
Income from: Charitable activities investments Other Income				77,761 20,066		77,761 20,066	77,063 18,001 25,000
Total income				97„827		97,827	120,064
Expenditure on: Charitable activities Other				76,848 3,480		76,848 3,480	59,406 3,444
Total expenditure				80,328		80,328	62,850
Net gain /(losses) on sale of				11,221		11,221	28,980
investments
Net gain i(losses) investments	on movement	of	10	93,587		93,587	(59,000)
Net income I(expenditure)				122,307		122,M7	27,194
Transfers between	funds
Net movement in	funds			122,307		122,307	27,194
Reconciliation of	funds:
Total funds brought	forward		13	1,123,763	255,230	1,378,993	1,351,799
Total funds carried forward			13	1,246,0'70	255,230	1,501,300	1,378,993

				2021	2020
			Note
Fixed assets
Tangible assets investment property Investments			8 9 10	601,196 60,000 ?85,466	605,914 60,000 631,891
Current assets				1,446,662	1,297,805
Debtors Cash at bank and in	hand			3,567 56,333	2,856 84,340
				59,900	87,196
Creditors: amounts	falling	due within one year	12	(5,262)	(6,008)
Net current assets				54,638	81,188
Net assetsl(liabilities)				1,501,300	1,378,993
Restricted and unrestricted		funds
Unrestricted funds Restricted funds				1,246,070 255,230	1,123,763 255,230
Total charity funds			14	1,501,300	1,378,993

	Note	2021 K	2020f
Cash flow from operating activities	15	8,674	42,104
Net cash flow from operating activities		8,674	42,104
Cash flow from investing activities
Purchase oftangible fixed assets		(7,980)	{946)
Payments to acquire investments Proceedsl(loss) from sale ofinvestments Dividends received		(30,000) {18,767) 18,766	(16,046) 16,051
Ground rent received from investment property		1,300	1,950
Net cash flow from investing activities		(36,681)	1,009
Cash flow from financing activities
Repayment ofborrowings
Net increase in cash and cash equivalents		(28,007)	43,113
Cash and cash equivalents at 1 April 2020		84,340	41,22?
Cash and cash equivalents at 31INarch 2021		56,333	84,340
Cash and cash equivalents consists of:
Cash at bank and in hand		56,333	84,340
Cash and cash equivalents at 31March 2021		56,333	84,340

stimated residual	value, of	each a	sset on a sys	tematic	basis o	ver its expected	useful life as
Kitchens	20	years	Boilers				15years
Bathrooms	30	years	Equipment				5years
Plumbing	30	years	Structure	(shell)	including	stonework	100years
Electrics	40	years	Land				indefinite

Income from charit	able activities
		2021	2020
			E
Charges to residents Donations	net ofvoids	76,261 1,500	76,563 500
		77,761	77,063
Loss ofincome due	to void periods	{2,759)

Income	from investments
			2020
Dividend Ground	income rent	18,766 1,300	16,051 1,950
Lease extension
		20,066	18,001

Other Inco	me
			2020
Settlement	amount	received	25,000
			25,000

Analysis o		fresources expended
			Other Direct	Total	Other Direct
			Support Costs	2021	Support Costs
						and
					Total	2020
Charitable		activities
Management		fee	16,QQO	16,QQQ		15,500
insurance Professional fees Bank charges			3,033 1,884 134	3,Q33 1,&&4 134		3,044 1,216 172
Depreciation Gas			12,698 4,583	12,698 4,583		11,894 4,312
Lighting			2,517	2,517		1,320
Water			978	97&		961
Telephone			323	323		280
Gardening			4,398	4,398		4,551
Equipment	Hire and maintenance		6,476	6,476		3,852
Routine maintenance			5,574	5,574		3,080
Welfare and Bad debts		Office costs	3,338	3,338		1,155
Major repairs			14,912	14,912		8,069
			76,848	76,848		59,406

7	Net income Iexpenditure	for the year	ending 31	March
	Net income Iexpenditure	is stated after charging I {crediting):
					2021	2020
	Depreciation oftangible fixed assets				12,698	11,894
8	Tangible fixed assets
		Almshouse		Almshouse	Equipment	Total
		Property		Components f.
	Cost At 1 April 2020 Additions Disposals At 31 March 2021		4,953 4,953	811,990 7,980 15,921) 804,049	28,201 28,201	845,144 7,980 (15,921 837,203
	Depreciation. At 1 April 2020 Charge for the year Disposal At 31 March 2021			216,191 11,370 {15,921) 211,640	23,038 1,328 24,366	239,229 12,698 (15,921) 236,006
	Net book value At 31 March 2021		4,953	592,409	3,835	601197
	At 31 March 2020		4,953	595,799	5,162	605,914
	The net book value of land and buildings		comprise	offreehold property.
9	Investment properties
					2021	2020
					R
	Freehold property				60,000	60,000

	Total Funds
As at 1 April 2019 Revaluations Additions Disposals	645,860 (59,000) 45,031
As at 1 April 2020 Revaluations Additions Disposals	631,891 93,58? 29,988
Cash additions As at 31INarch 2021	30,000 7&5,466

		2021	2020
			E
Residents* arrears		1,&92	994
Prepayments	and accrued income	1,675	1,862
		3,56'7	2,856

Creditors: amounts falling due within on	e year
	2021	2020
Prepaid Rent	159	207
Other Creditors	303	408
Accruals Deferred income	4,&00	5,195 198
	5,262	6,008

		Balance at 31	Income	Expenditure	Gainsl	Transfer	Balance at
		March 2020			{losses)	s	31March
							2021
				K			K
Revenue reserve		372,659	97,827	(80,328)	104,808	{43,047)	451,919
Revaluation	reserve	60,000				43,047	103,047
Designated Restricted	reserve reserve	691,104 255,230					691,104 255,230
Total		1,378,993	97,827	(80,328)	104,808		1,501,300

		Unrestricted	Restricted	Total
		funds	funds
Fixed assets Current assets Current liabilities		1,191,432 59,952 (5,314)	255,230	1,446,662 59,952 (5,314)
Total		1,246,070	255,230	1,501,300

nalysi	s ofchanges in net debt
		2020	Cash flows	2021
Short	and long term loan liabilities
Total	liabilities
Cash Total	and cash equivalents net debt	84,340 (84,340)	28,007 28,007	56,333 (56,393)

											2021	2020
Capital	expenditure	contracted	for	and	not	provided	for	in	the	accounts

Financial instruments	Financial instruments
The carrying amounts ofthe charity's financial		instruments	are as follows:
				2021	2020
Einancial assets
Measured at fair value through -Fixed asset listed investments	net income I expenditure. (note 10)			785,466	631,891
Measured at cost: -Cash at bank and in hand				56,333	84,340
Debt instruments measured at -Debtors (note 11) Total financial assets	amortised cost:			1,892 843,691	717,225
Financial liabilities
Measured at amortised cost -Trade and other creditors (note 12) Total financial liabilities				462 462	813 813

					2020
				Unrestricted	Restricted
				Funds	Funds	Total
Income from:
Charitable activities				77,063		77,063
investments				18,001		18,001
Other				25,000		25,000
Total income				120,064		120,064
Expenditure on:
Charitable activities Other				59,406 3,444		59,406 3,444
Total expenditure				62,850		62,850
Net gain/(losses) investments	on sale of			28,980		28,980
Net gain / (losses) on movement			of
investments				(59,000)		(59,000)
Net income / {expenditure)				27,194		27,194
Reconciliation offunds:
Total funds brought		forward		1,096,569	255,230	1,351,799
Total funds carried		forward		1,123,763	255,230	1,378,993