|Reports|||| |---|---|---|---| |Legal and administrative||information|| |Report ofthe|Trustees||2-5| |Independent|examiner's|report|| |Accounts|||| |Statement of|Financial Activities||| |Balance Sheet|||| |Notes to the accounts|||9-18| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||2020|||2019| |---|---|---|---|---|---|---|---|---| |||||Unrestricted|Designated|Endowment|Total|Total| |||||funds|funds|funds|funds|funds| ||||Note|||||| |Income and Endowments||||||||| |Investment
Income||||33,426|||33,426|36,638| |Residents contributions||||167,269|||167+69|.174,373| |Donations
and Legacies||||||||| |Total Income||||200,695|||200,695|211,011| |Expenditure||||||||| |Expenditure
on charitable|activities|||188,680|3,489||192,169|180,340| |Total Expenditure||||188,680|3,489||192,169|180,340| |Net income before transfers||||12,015|(3,489)||8,526|30,671| |Transfer between
funds|||15|(15,000)|15,000|||| |Net income before (Loss)/ Gain
investments||on||(2,985)|11,511||8,526|30,671| |Net (Loss)/Gain
on investment||assets||(17,889)|(20,262)|(104,021)|(142,172)|121,746| |||||(17,8&9)|(20,262)|(104,021)|(142,172)|121,746| |Net Movement
in Funds||||(20,874)|(8,751)|(104,021)|(133,646)|152,417| |Fund Balances
at the start ofthe year||||214,914|178,594|599,563|993,071|840,654| |Fund Balances
at the end ofthe year||||194,040|169,843|495,542|859,425|993,071| ||||||2020|||2019| |---|---|---|---|---|---|---|---|---| |||||Unrestricted|Designated|Endowment|Total|Total| ||||Note|Funds|Funds|Funds|Funds|Funds| |||||f|f|f|f|f| |Fixed assets||||||||| |Tangible fixed assets||||88,001|||88,001|64,874| |Investment
portfolio
value|at market||10|18,309|169,843|495,542|683,694|821,541| |||||106,310|169,843|495,542|771,695|886,415| |Current assets||||||||| |Debtors||||3,392|||3@92|8,145| |Cash at bank and in|hand|||121,119|||121,119|109,783| |||||124,511|||124,511|117,928| |Creditors: amounts
within one year|falling due||12|36,781|||36,781|11,272| |Net current assets||||87,730|||87,730|106,656| |Total assets less current
liabilities||||194,040|169,843|495,542|859,425|993,071| |Represented
by:||||||||| |Funds and reserves|||15|||||| |Permanent
endowment||funds||||495,542|495,542|599,563| |Designated
funds—
extraordinary
repairs|||||169,843||169,843|178,594| |Unrestricted
(general)
funds||||194,040|||194,040|214,914| |||||194,040|169,843|495,542|859,425|993,071| ## ## ## ## ## ## ## |ts expected
useful life. No depreciation
is provide|d
on freehold
land.| |---|---| |Asset Lives|Years| |Kitchen|15| |Bathroom|15| |Electrics|40| |Security equipment|| ## ## ## ## ## ## ## ## |Investmen|t
Income||||| |---|---|---|---|---|---| |Investment|Income|||2020
f|2019
f| |Dividends|from Endowment||Funds|24,189|29,966| |Dividends|from General|Funds||9,036|5,837| |Bank Deposit Interest||||200|835| |||||33,425|36,638| ## ## |||||2020|2019| |---|---|---|---|---|---| |Direct Expenditure|||||f| |Repairs &maintenance||(note 4)||67,309|44,464| |Cleaning||||3,034|3,499| |Upkeep ofGardens||||22,455|23,064| |Lighting
and Heating||||20,390|18,595| |Water rates and Council||tax||3,751|2,705| |insurance||||3,549|3,274| |Telephone||||675|773| |Gifts to residents||||1,024|1,023| |Donations||||100|880| |Residents
Welfare||||2,156|2,713| |Careline/
Emergency|Warden Service|||3,503|3,475| |Depreciation||||7,129|2,143| |Support costs (note 5)||||1,765|1,254| |Governance
costs (note||6)||51,840|48,880| |Total expenditure
(General|||Funds)|188,680|156,742| |Cyclical repairs (Designated|||Funds)|3,489|23,598| |Total Expenditure —all||funds||192,169|180,340| ## |Repairs||||| |---|---|---|---|---| ||||2020|2019| ||||E|E| |Flat refurbishments|and access||22,543|11,362| |Surveyors fees|||1,740|0| |Boiler &Heating|overhaul|& repair|11,776|4,361| |Water hygiene works|||1,384|1,234| |Fire alarm, extinguishers||&doors|4,221|3,728| |Electrical testing and repairs|||3,702|3,829| |Day to day repairs|||20,767|18,826| |Pest Control|||1,176|1,124| ||||67,309|44,464| |Support Costs||||| ||||2020|2019| ||||E|E| |Other expenditure|||1,765|1,254| ## ## ## |Governance|Costs|||| |---|---|---|---|---| ||||2020|2019| ||||f|E| |Independent|Examiner's|fees|3,120|2,880| |Management|fees||48,720|46,000| ||||51,840|48,880| ## ## ## |At 1January 2020|67,119| |---|---| |Additions|30,256| |At 31December 2020|97,375| |Depreciation|| |At 1January 2019|2,245| |Charge for year|7,129| |At 31December 2020|9,374| |Net book value|| |At 31December 2020|88,001| |At 31December 2019|64,874| ## |10Investments||||||| |---|---|---|---|---|---|---| ||||Units|Cost|2020|2019| |||||E|E|E| |Endowments||||||| |MRG Charifund
Income Units||||||| |Grasvenor
Trust|||46.12|772||766| |The Leathersellers'
Barnet Charities
(formerly
Coverley and Bunce)|||1,016.33|17,012|13,950|16,878| |The Leathersellers'
(formerly
Bunce)|Barnet Charities||177.61|2,973|2,438|2,950| |The Leathersellers'|Benevolent|Fund|3,494.18|58,488|47,960|58,027| |The Leathersellers'|Benevolent|Fund|1,943.00|20,847|26,669|32,267| |The Ann Elliott and|Others Trust||29,426.00|471,619|403,892|488,675| ||||36,103.24|571,711|495,542.|599,563| |||||signifies value||| |||||at transfer||| |General and Designated
Funds||||||| |MRG Charifund
Accumulation||Units||||| |The Leathersellers'|Barnet Charity||376.093|44,832|91,628|105,192| ||||376.093|44,832|91,628|105,192| |MSG Charifund
Income Units||||||| |The Leathersellers'|Barnet Charity||7,032.36|115,729|96,524|116,786| ||||7,032.36|115,729|96,524|116,786| |Total at end ofyear||||732,272|683,694|821,541| |Movement
on Investments||||||| |Valuation
at the start of the year|||||821,541|699,795| |Additional
investment
(Restricted fund)|||||4,325|| ||||||825,866|699,795| |Revaluation
(Loss)/Gain|||||(142,172)|121,746| |Valuation
at the end|of the year||||683,694|821,541| ## ## |1Debtors||| |---|---|---| ||2020|2019| ||f|f| |Trade debtors|685|5,041| |Prepayments|2,617|2;711| |Other debtors|90|393| ||3,392|8,145| ## ## |2Creditors: amo|unts
falling due within one year||| |---|---|---|---| |||2020|2019| |||f|E| |Trade creditors||26,860|1,778| |Resident accounts|in credit|3,957|| |Accruals||5,964|9,494| |||36,781|11,272| ## ## ||||tU
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