2020-12-31-accounts - Hornchurch Housing Trust

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	Page	Page
Report ofthe Trustees	1	to	4
Report ofthe Independent Auditors	5	to	8
Statement ofFinaucial Acttvltics
Balance Sheet		10
Notes to the Financial Statements	11	to	17
Detailed Statement ofFinancial Activities	18	to	19

			2020	2019
			Unrestricted	Total
			funds	funds
		Notes	8	6
Income and endowments	from
Charitable acttv4tics
Core Activities			239,314	199,043
Iuvesuuem Income			5trSJ4	141,335
Total			290,828	340,381
Expenditure on
Charitable activities
Core Activities			263,762	126.948
Net gains on investmeuts			553,232	266.205
NET INCOME			580,298	479,638
Other recognised gains/(tosses) Gains on revaluation of fixed assets			350,000
Net movement in floods			930)298	479,638
Reconciliation offunds
Total funds brought forward			8&465)205	7,985,567
Total funds carried forward			9,395,503	8,465,205

			2020	2019
			Unrestricted	Total
			funds	funds
		Notes
Fixed assets
Tangible assets			5,356,672	4,994,334
Investments
Investments J)r)» u)»)n t))ut»))y			3,200,211 645,000	2,751,840 150,750
			9,201,883	7,896,924
Current assets
Debtors			2,701	1,755
Cash at bank	and in hand		227,223	580,096
			229,924	581,851
Credttors
Amounts falling due within onc year		10	(36804)	(13,570)
Net current	assets		193,620	568,281
Total assets	less current liabilities		9.395)503	8,465,205
NET ASSETS			9,395,503	8,465,205
I'unds
Unrestricted	funds		9,395,503	8,465,205
Total funds			9495,503	8,465,205

Investment	income	income
			2020	2019
				f
Dividends	receivable		48,115	68,885
Deposit account Other investment		interest income	3,399	4,983 67,350
			nt,et%	l4I,x 15

Comparaiives for thc statement of tlnancial	Comparaiives for thc statement of tlnancial	Unrestricted
		funds
		f
Income and endowments	from
Charitable activities
Core Activities		199,043
lnvcstmcnt income		141 338
Total		340,381
Expenditure on
Charitable activtttes
Core Activities		126,948
Net gains on investments		266,205
NET INCOME		479,638
Reconciliation offunds
Total funds brought forward		7,985,567
Total funds carried forward		8,465,205

	Auditors' remuneration
						2020	2019
						g
	Fees payablc to the charity's statements	auditors for audit ofthe	charity's	financial		5&350	5,350
	Fees payable to thc charity's	auditors for accountancy	services			2,000	2,000
						7,350	7,350
.	Tangible fixed assets
		improvements			Fixtures
		Freehold	to		aod	Computer
		propei1y	property f,		fsuings 6	cquipmcnt f.	Totals f.
	Cost or valuation
	At I January 2020 Additions	4,885,000	111,535 23,226		157,203	834	5,154,572 23~6
	Revaluations	350,000					350,000
	At 31Deceiuber 2020	5,235,000	134,761		157&203		5,527,798
	Depreciation At 1 January 2020 Charge for year		10,889 6,123		148,886 4,710	463 55	160,238 10,888
	At 31December 2020		17,012		153,596	518	171,126
	Net hook value
	At 31 December 2020	5,235,000	117,749		3,607	316	5,356,672
	Ai 31 December 2019	4,885,000	100,646		8,317	371	4,994,334
7.	Fixed asset investments					2020	2019
	Shares					2,431,532	1,978366
	Other					768,679	773,474
						3,200,211	2,751,840

investments (neither listed nor unlisted) were as follows	:
	2020	2019
Other investments	773,474	644,144
Additions	41,434	40,003
Revaluations	(46)129)	89,327
	768,679	773,474
Investmentproperty
Fair value
At I January 2020 Revaluation		150,750 494,250
At31 December2020		645,000
Net book value At 31Deeember2020		645,000
At 31 Dcccmber 2019		I50,750

9.	Debtors: amounts	Debtors: amounts		falling due within one year	falling due within one year	falling due within one year
								2020	2019
								8
	Prepayments and		accrued income					2,701	1,755
10.	Creditors: amounts				falling due	within one year		2020	2019
	Trade creditors							18)865	2,381
	Other creditors							17,439	11,189
								36)304	13,570
11.	Movement in	funds
								Net
								movement	At
							At 1.1.20	in funds	31.12.20
	Unrestricted	funds
	General fund						8,465,205	930,298	9,395,503
	TOTAL FUNDS						8,465,205	930)298	9,395,503
	Net movement	in		funds, included in the above are as follows:
						Incoming	Resources	Gains and	Movement
						resources	expended	losses	in funds
						f.
	Uurestrlcted	funds
	General fund					290,828	(263,762)	903,232	930,298
	TOTALFUNDS					290,828	(263,762)	903,232	930,298
	Comparatives		for		movement	in funds
								Net
								movement	At
							At 1.1.19	in foods	31.12.19
								f	f,
	Unrestricted	funds
	General fund						7,985,567	479,638	8,465,205
	TOTAL FUNDS						7,985,567	479,638	8,465,205

		Incoming	Resources	Gains and	Movement
		resources f.	expended f	losses f	in funds f
Uiircaerteted	funds
General fund		340,381	(]26,948)	266,205	479,638
TOTALFUNDS		340,381	(126,948)	266 205	479,638

A cunem year	12 months and prior year 12	months combined position is as follow	s:
			Net
			movement	At
		At 1.1.19	in funds	31,12.20
			f.
Unrestricted	funds
Gen«rai fund		7,985,567	1,409,936	9,395,503
TOTAL FUNiDS		7,985,567	1,409,936	9,395,503

					2020	2019
					f
Income and endoivments
Investment income
Dividends receivable					48&115	68,885
Donations received						120
Dat&va i& avvvuu &	«ua&		uai		3&399	&$,9b3
Other investment	income					67,350
					51,514	141,338
Charitable activities
Weekly maintenance			&ancillary	charges	237,539	197,225
Ground rents					1,775	1,818
					239)314	199,043
Total incoming	resources				290&828	340,381
hxpeuditure
Charitable activities
Repairs and maintenance insurance					46&950 5,029	32,773 3,524
Property utilitics					9&041	7,847
Accountancy					7,350	9,352
Helpline service					2,567	2,505
Personnel cost					49,674	45,335
Cost ofgenerating		funds			7465	9,296
					127,976	110,632
Support costs
Management
Office costs					4,141	1,512
Gills and benevolence					2,687	3 377
Trustees' expenses						43
Legal and professional					117,162	791
Suuddes					228	869
Subscriptions Depreciation					622 10,888	654 9,059
					139&vsa	16,303
Finance
Bank charges					58