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||Page|
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|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|
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|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|||||||||
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||||||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|
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|||||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|
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||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|
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|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|
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|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|
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|Other Inco|me|||
|---|---|---|---|
||||2020|
|Settlement|amount|received|25,000|
||||25,000|
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|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|
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|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|
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||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|
##
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|||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|
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|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)|
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||||||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Capital|expenditure|contracted|for|and|not|provided|for|in|the|accounts|||
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|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|
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||||||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|