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2020-12-31-accounts
|
|
Page |
| Reportofthe Trustees |
1 |
to5 |
| Independent Examiner's Report |
|
6 |
| StatementofFinancial Activities |
|
7 |
| Balance Sheet |
|
8 |
| Notestothe Financial Statements |
9 |
to 17 |
| .Detailed StatementofFinancial Activities |
18 |
to 19 |
|
|
|
|
|
2020 |
2019 |
|
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
|
funds |
funds |
funds |
funds |
|
|
Notes |
£ |
£ |
£ |
£ |
| INCOME AND ENDOWMENTS FROM |
|
|
|
|
|
|
| Charitableactivities |
|
3 |
|
|
|
|
| Provisionofresidents and housing |
|
|
44,131 |
|
44,131 |
43,953 |
| Investment income |
|
2 |
18,622 |
1,109 |
19,731 |
23,223 |
| Other income |
|
|
1,514 |
|
1,514 |
2,869 |
| Total |
|
|
64,267 |
1,109 |
65,376 |
70,045 |
| EXPENDITUREON |
"• |
|
|
|
|
|
| Raising funds |
|
4 |
7,776 |
|
7,776 |
8,757 |
| Charitable activities. |
|
5 |
|
|
|
|
| Provisionofresidents and housing |
|
|
.59,590, |
|
59,590 |
71,276 |
| Advancement of education and relief |
of |
|
|
|
|
|
| thoseinneed |
|
|
3,209 |
|
3,209 |
4,424 |
| Total |
|
|
70,575 |
|
70,575 |
84,457 |
| Net gainsoninvestments |
|
|
43,938 |
|
43,938 |
131,909 |
| NET INCOME |
|
|
37,630 |
1,109 |
38,739 |
117,497 |
| RECONCILIATION OF FUNDS |
|
|
|
|
|
|
| Totalfundsbroughtforward |
|
|
1,287,227 |
61,341 |
1,348,568 |
1,231,071 |
| TOTAL FUNDS CARRIED FORWARD |
|
|
1,324,857 |
62,450 |
1,387,307 |
1,348,568 |
|
|
|
|
2020 |
2019 |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
funds |
funds |
funds |
funds |
|
Notes |
£ |
£ |
£ |
£ |
| FIXED ASSETS |
|
|
|
|
|
| Tangible assets |
12 |
207,$30 |
|
207,330 |
208,181 |
| Investments |
13 |
1,0371011 |
62,450 |
1,099,461 |
1,082,300 |
|
|
1,244,341 |
62,450 |
1,306,791 |
1,290,481 |
| CURJU;NT ASSETS |
|
|
|
|
|
| Debtors |
14 |
3,464 |
|
3,464 |
2,383 |
| Cash at bank andinhand |
|
841977 |
|
84,977 |
64,695 |
|
|
88,441 |
|
88,441 |
67,078 |
| CREDITORS |
|
|
|
|
|
| Amounts falling due within oneyear |
15 |
(7,925) |
|
(7,925) |
(8,991) |
| NET CURRENT ASSETS |
|
80,516 |
|
80,516 |
58,087 |
| TOTAL ASSETS LESS CURRENT |
|
|
|
|
|
| LIABILITIES |
|
1,324,857 |
62,450 |
1,387,307 |
1,348,568 |
| NET ASSETS |
|
1.,324,857 |
62,450 |
-1,387,307 |
1!348,!)68 |
| FUNDS |
16 |
|
|
|
|
| Unrestricted funds |
|
|
|
1,324,857 |
1,287,227 |
| Restricted funds |
|
|
|
62,450 |
61,341 |
| TOTAL FUNDS |
|
|
|
1,387,307 |
1,348,568 |
|
|
|
2020 |
2019 |
|
|
Activity |
£ |
£ |
|
Rents receivable |
Provisionofresidents and housing |
44,131 |
43,953 |
| 4. |
RAISING FUNDS |
|
|
|
|
Investmentmanagementcosts |
|
|
|
|
|
|
2020 |
2019 |
|
|
|
£ |
£ |
|
Investment management costs |
|
7,776 |
8,757 |
| CHARITABLEACTIVITIES COSTS |
|
|
|
|
|
|
Grant |
|
|
|
|
fundingof |
|
|
|
Direct |
activities |
Support |
|
|
Costs (see |
(see note |
costs (see |
|
|
note 6) |
7) |
note 8) |
Totals |
|
£ |
£ |
£ |
£ |
| Provisionofresidents and housing |
36,621 |
|
22,969 |
59,590 |
| Advancementofeducation and |
|
|
|
|
| reliefofthose in need |
206 |
3,003 |
|
3,209 |
|
36,827 |
3,003 |
22,969 |
62,799 |
| DIRECT COSTS OF CHARITABLE ACTIVITIES |
|
|
|
|
|
|
|
2020 |
2019 |
|
|
|
£ |
£ |
| Overheads and administrationre:Townson Close |
|
|
697 |
355 |
| Events |
|
|
6,389 |
7,338 |
| Light, heat and water |
|
|
2,435 |
2,116 |
| Playing field maintenance |
|
|
1,840 |
13,396 |
| Playground maintenance |
|
|
270 |
7,683 |
| Community Centre maintenance |
|
|
8,378 |
5,798 |
| Bungalow maintenance |
|
|
12,879 |
8,623 |
| Insurance |
|
|
3,088 |
3,018 |
| War memorial refurbishment |
|
|
|
200 |
| Depreciation |
|
|
851 |
891 |
|
|
|
36,827 |
49,418 |
| 7. |
GRANTS PAYABLE |
|
|
|
|
|
|
2020 |
2019 |
|
|
|
£ |
£ |
|
Advancementofeducation and relief of thoseinneed |
|
3,003 |
4,424 |
|
|
|
= |
= |
|
The tqtal grants paid to institutions during the year was as follows: |
|
|
|
|
|
|
2020 |
2019 |
|
|
|
£ |
£ |
|
Youth Club Support |
|
500 |
1,350 |
|
Old PCC |
|
|
244 |
|
ROAR |
|
|
500 |
|
Old Cricket Club |
|
300 |
|
|
|
|
800 |
|
|
The total grants paid to individuals during the year was as follows: |
|
|
|
|
|
|
2020 |
2019 |
|
|
|
£ |
£ |
|
Individuals |
|
2,403 |
2,330 |
| 8. |
SUPPORT COSTS |
|
|
|
|
|
|
Governance |
|
|
|
Management |
costs |
Totals |
|
|
£ |
£ |
£ |
|
Provisionofresidents and housing |
19,932 |
3,037 |
22,969 |
|
Support costs, included in the above, are as follows: |
|
|
|
|
|
|
2020 |
.2019 |
|
|
|
Provision |
|
|
|
|
of |
|
|
|
|
residents |
|
|
|
|
and |
Total |
|
|
|
housing |
activities |
|
|
|
£ |
£ |
|
Wages |
|
17,815 |
17,585 |
|
Pension |
|
478 |
65 |
|
Telephone |
|
760 |
750 |
|
Office supplies&advertising |
|
879 |
794 |
|
Independent Examiners fees - |
|
|
|
|
Independent Examination |
|
1,624 |
1,564 |
|
Independent Examiners fees- |
|
|
|
|
statutory accounts fee |
|
500 |
500 |
|
Legal fees |
|
913 |
600 |
|
|
|
22,969 |
21,858 |
| STAFF COSTS |
|
|
|
2020 |
2019 |
|
£ |
£ |
| Wages and salaries |
17,815 |
17,585 |
| Other pension costs |
478 |
65 |
|
18,293 |
17,650 |
|
Unrestricted |
Restricted |
Total |
|
funds |
funds |
funds |
|
£ |
£ |
£ |
| INCOME AND ENDOWMENTS FROM |
|
|
|
| Charitable activities |
|
|
|
| Provision of residents and housing |
. 43,953 |
|
43,953 |
| Investment income |
21,862 |
1,361 |
23,223 |
| Other income |
2,869 |
|
2,869 |
| Total |
68,684 |
1,361 |
70,045 |
| EXPENDITURE ON |
|
|
|
| Raising funds |
.8,757. |
|
8,757 |
| Charitable activities |
|
|
|
| Provisionofresidents and housing |
71,276 |
|
71,276 |
| Advancement of educationandrelief of |
|
|
|
| thoseinneed |
4,424 |
|
. 4,424 |
| Total |
84,457 |
|
84,457 |
| Net gainsoninvestments |
131,909 |
|
131,909 |
| NET INCOME |
116,136 |
1,361 |
117,497 |
| 11. |
COMPARATIVES FORTHESTATEMENT OF FINANCIAL |
COMPARATIVES FORTHESTATEMENT OF FINANCIAL |
COMPARATIVES FORTHESTATEMENT OF FINANCIAL |
COMPARATIVES FORTHESTATEMENT OF FINANCIAL |
ACTIVITIES· |
continued |
|
|
|
|
|
|
Unrestricted |
Restricted |
Total |
|
|
|
|
|
funds |
funds |
funds |
|
|
|
|
|
£ |
£ |
£ |
|
RECONCILIATION OF FUNDS |
|
|
|
|
|
|
|
Total funds brought forward |
|
|
|
1,171,091 |
59,980 |
1,231,071 |
|
TOTAL FUNDS CARRIED FORWARD |
|
|
|
1,287,227 |
61,341 |
1,348,568 |
| 12. |
TANGIBLE FIXED ASSETS |
|
|
|
|
|
|
|
|
|
|
|
Land |
|
|
|
|
|
|
|
(including |
|
|
|
|
|
|
Freehold- |
.-playing. |
|
|
|
|
|
|
property |
. field) |
Equipment |
Totals |
|
|
|
|
£ |
£ |
£ |
£ |
|
COST |
|
|
|
|
|
|
|
At 1 January 2020 and |
|
|
|
|
|
|
|
31December 2020 |
|
|
153,272 |
57,236 |
131207 |
223,715 |
|
DEPRECIATION |
|
|
|
|
|
|
|
At 1 January 2020 · |
'.. |
|
|
.2,938 |
12,596 |
15,534 |
|
Charge for year |
|
|
|
443 |
408 |
851 |
|
At31December 2020 · |
|
..,: |
;· |
·3,381"· |
13,004 |
16,385 |
|
NETBOOKVALUE |
|
|
|
|
|
|
|
At31December 2020 |
|
|
153,272 |
53,855 |
203 |
207,330 |
|
At31December 2019 |
|
|
153,272 |
:54,298. |
611 |
208,181 |
| FIXEDASSETINVESTMENTS |
|
|
Listed |
|
investments |
|
£ |
| MARKETVALUE |
|
| At 1 January 2020 |
1,082,300 |
| Additions |
457,649 |
| Disposals |
(484,426) |
| Revaluations |
43,938 |
| At31December 2020 |
1,099,461 |
| NETBOOKVALUE |
|
| At31December 2020 |
1,099,461 |
| At31December 2019 |
1,082,300 |
| DEBTORS: AMOUNTSFALLINGDUE WITHIN ONEYEAR |
|
|
|
2020 |
2019 |
|
£ |
£ |
| Prepayments |
2,007 |
2,039 |
| Accrued income |
1,457 |
344 |
|
3,464 |
2,383 |
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
2020 |
2019 |
|
£ |
£ |
| Accruals and deferred income |
7,925 |
8,991 |
| MOVEMENT IN FUNDS |
|
|
|
|
|
Net |
|
|
|
movement |
At |
|
At 1/1/20 |
in funds |
31/12/20 |
|
£ |
£ |
£ |
| Unrestrictedfunds |
|
|
|
| General fund |
1,262,227 |
37,630 |
1,299,857 |
| Extraordinary Repair Fund |
25,000 |
|
25,000 |
|
1,287,227 |
37,630 |
1,324,857 |
| Restrictedfunds |
|
|
|
| Extraordinary Repair Fuf\d |
59,657 |
1,079 |
60,736 |
| Playing Field Maintenance Fund |
1,684 |
30 |
1,714 |
|
61,341 |
1,109 |
62,450 |
| TOTALFUNDS |
1,348,568 |
38;739 |
1,387,307 |
|
Incoming |
Resources |
Gains and |
Movement |
|
resources |
expended |
losses |
infunds |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| General fund |
64,267 |
(70,575) |
43,938 |
37,630 |
| Restricted funds |
|
|
|
|
| Extraordinary Repair Fund |
1,079 |
|
|
1,079 |
| Playing Field Maintenance Fund |
30
-- |
|
|
30 |
|
1,109 |
-·- |
|
1,109 |
| TOTAL FUNDS |
65,376 |
(70,575) |
43,938 |
38,739 |
| Comparatives for movementinfunds |
|
|
|
|
|
Net |
|
|
|
movement |
At |
|
At 1/1/19 |
infunds |
31/12/19 |
|
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
| General fund |
1,146,091 |
11.6,136 |
1,262,227 |
| Extraordinary Repair Fund |
25,000 |
|
25,000 |
|
1,171,091 |
116,136 |
1,287,227 |
| Restricted funds |
|
|
|
| Extraordinary Repair Fund |
58,333 |
1,324 |
59,657 |
| Playing Field Maintenance Fund |
1,647 |
37 |
1 684 |
|
59,980 |
1,361 |
61,341 |
| TOTAL FUNDS |
1,231,071 |
117,497 |
1,348,568 |
|
Incoming |
Resources |
Gains and |
Movement |
|
resources |
expended |
losses |
infunds |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| General fund |
68,684 |
(84,457) |
131,909 |
116, 136 |
| Restricted funds |
|
|
|
|
| Extraordinary Repair Fund |
1,324 |
|
|
1,324 |
| Playing Field Maintenance Fund |
37 |
|
|
37 |
|
1,361 |
|
|
1,361 |
| TOTAL FUNDS |
70,045 |
{84,457) |
131,909 |
117,497 |
|
|
2020 |
2019 |
|
|
£ |
£ |
| INCOME AND ENDOWMENTS |
|
|
|
| Investmentincome |
|
|
|
| Investment income |
|
19,731 |
23,223 |
| Charitableactivities |
|
|
|
| Rents receivable |
|
44,131 |
43,953 |
| Otherincome |
.' |
|
|
| Other income |
|
1,514 |
2,869 |
| Totalincomingresources |
|
65,376 |
70,045 |
| EXPENDITURE |
|
|
|
| Investmentmanagementcosts |
|
|
|
| Investment management costs |
|
7,776 |
8,757 |
| Charitableactivities |
|
|
|
| Overheads and administrationre:Townson |
|
|
|
| Close |
|
697 |
355 |
| Events |
|
6,389 |
7,338 |
| Light, heat and water |
|
:2,439 |
2,116 |
| Playing field maintenance |
|
1,840 |
13,396 |
| Playground maintenance |
|
270 |
7,683 |
| Community Centre maintenance |
|
8,378 |
5,798 |
| Bungalow maintenal)Ce |
|
12,879 |
8,623 |
| Insurance |
|
3,088 |
3,018 |
| War memorial refurbishment |
|
|
200 |
| Depreciation of tangible fixed assets |
|
851 |
891 |
| General benefitofinhabitants - paidto |
|
|
|
| institutions |
|
800 |
2,094 |
| General benefitofinhabitants - paid to |
|
|
|
| individuals |
|
2,203 |
2,330 |
|
|
39,830 |
53,842 |
| Supportcosts |
|
|
|
| Management |
|
|
|
| Wages |
|
17,815 |
17,585 |
| Pension |
|
478 |
65 |
| Telephone |
|
760 |
750 |
| Office supplies&advertising |
|
879 |
794 |
|
|
19;932 |
19,194 |
| Governancecosts |
|
|
|
| Independent Examiners fees - Independent |
|
|
|
| Examination |
|
1,624 |
1,564 |
| Carried forward |
|
1,624 |
1,564 |
|
2020 |
2019 |
|
£ |
£ |
| Governancecosts |
|
|
| Brought forward |
1,624 |
1,564 |
| Independent Examiners fees - statutory |
|
|
| accountsfee |
500 |
500 |
| Legal fees |
913 |
600 |
|
3,037 |
2,664 |
| Total resources expended |
70,575 |
84,457 |
| Netexpenditurebeforegainsandlosses |
(5,199) |
(14,412) |
| Realisedrecognisedgainsandlosses |
|
|
| Realised gains/(losses) on fixed asset |
|
|
| investments |
43,938 |
131,909 |
| Netincome |
38,739 |
117,497 |