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|INCOME AND EXPENDITURE|ACCOU|TFOR THE YEAR EN|DED 31st IVI|AY 2021|
|---|---|---|---|---|
|||2021||gp'rp|
|TURNOVER|||||
|W.M.C.Receivable||57,460||57,460|
|Less Voids||(552)||(170)|
|||56,908||57,290|
|OPERATING COSTS|||||
|Services||9,258|11,080||
|Management
Day-to-day
Maintenance||10,100
26,229|10,100
18,011||
|Central Heating Costs||20,576|15,804||
|Subscriptions||384|347||
|Independent
Examiner||1,092|1,050||
|Depreciation||318|269|(56,661)|
|OTHER INCOME|||||
|Donations||25||440|
|Insurance
claims||6,092|||
|OPERATING SURPLUS/(DEFICIT)||(4,932)||1,069|
|INCOME AND EXPENDITURE|FROM|INVESTING|||
|Investment
Income||1,663|1,986||
|Change
in Fair Value ofinvestments||84,189
85,852|(41,707)|(39,721)|
|SURPLUS/(DEFICIT) FOR THE|YEAR|80,920||(38,652)|
|Retained
earnings
at start ofyear||1,173,206||1,211,858|
|Retained
earnings
at end ofyear|15|81,254,126||61,173.206|
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||||Notes|||2021|2020|
|---|---|---|---|---|---|---|---|
|Housing:
Land and Buildings|||10|||750,000|750,000|
|Other Fixed Assets|||11|||845|1,163|
|Total Fixed Assets||||||750,845|751,163|
|RRENT ASSETS||||||||
|Investments
at fair value|||13|488,857||404,668||
|Debtors and prepayments|||12|1,033||1,011||
|Cash at Banks:||||||||
|CAFcash|||||8|8||
|Barclays||||19,162||22,611||
|Barclays Savings|||||7|7||
|||||509,067||428,305||
|TLIABILITIE||||||||
|Creditors|||)4|(5,786)||(6,262)||
|NT A|ETS|||||503,281|422,043|
|TOTAL
KT||||||81,254,126|11,173,206|
|Represen ted by:-
Accumulated
Fund||||||197,766|201,035|
|Investment
valuation||reserve||||256,896|172,707|
|R.C.Hogg Fund
G.P. Smith Fund||||||25,000
5,000|25,000
5,000|
|Extraordinary
Repairs||Fund||||44,073|44,073|
|Cyclical Maintenance||Fund||||24,661|24,661|
|Revaluation
Reserve||||||700,730|700,730|
||||15|||81,254,126|f.1,173,206|
|||||13|October 2021|||
|Approved
by the Trustees at their meeting||||on||and signed on their behalf by'||
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||2021|2020|
|---|---|---|
|Cash flows from operating
activities
Surplus/(Deficit)
for the financial year|80,920|(38,652)|
|Depreciation oftangible fixed assets
Investment
income
Increase in debtors|318
(1,663)
(22)|269
(1,986)
(86)|
|Decrease in creditors
Change
in fair value ofinvestments|(476)
(84,189)|(92)
41,707|
|Net cash generated
from aperating activities|(5, 112)|1,160|
|Cash flows from investing
activities
Purchase oftangible
fixed assets
Investment
income received|1,663|(840)
1,986|
|Net cash from investing
activities|1,663|1,146|
|Net (decrease)/increase
in cash &cash equivalents|(3,449)|2,306|
|Cash &.cash equivalents
at beginning ofyear|22,626|20,320|
|Cash &cash equivalents
at end ofyear|19,177|22,626|
|Cash &cash equivalents
at the end ofyear comprises
Cash at bank and in hand|819,177|f22,626|
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|The brea|kdown
ofthe sum|shown as services
in the|income tk expenditu|
|---|---|---|---|
|||2021|2020|
|insurance||2,268|'i 2PP|
|Warden|Call System|1,385|1,296|
|Gardening||775|1,284|
|Water Charges||4,370|5,855|
|Sundries||460|445|
|||59,258|511,080|
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|10.FIXED|AS|SETS —FR|EE14OLD HOUSIN|LAND
d'c BUILDIN
S.||
|---|---|---|---|---|---|
|||||2021|21)21)|
|Cost as at|1980|||90,$36|90,836|
|As at 31st|May|2021||90,836|90,836|
|Less: Housing||Corporation|Grant|(41,566)|(41,566)|
|Revaluation||||700,730|700,730|
|Valuation|as at|31stMay|2021|f750,000|f750,000|
##
|11.
ERFIXED
SSETS||||
|---|---|---|---|
||Computer|Plant dr|Total|
||Equipment|Machinery||
|Cost||||
|At
I June 2020|919|1,151|2,070|
|At 31 May 2021|919|1,151|~2070|
|Depreciation||||
|At
I June 2020|566|341|907|
|Charge for year|88|230|318|
|At 31 Moy 2021||571|~1225|
|Net Book Value 31 IVlay 2021|f265|8580|f845|
|Nct Book value 31 May 2020|f353|f810|f,1,163|
|12. HEI)1ORS.||||
|Amounts
falling due within one year:-||||
|Prepayments||1,033|1,011|
|Total||f1,033|f1,011|
##
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|13. CURRENT AS|SETS —INV|ESTME|NTS.||||
|---|---|---|---|---|---|---|
||||2021||||
||||Cost|Market Value|Cost|Market Value|
|M &G The Equities investment
Fund
for Charities/(Charifund)
Acc. Units|||185,$39|375,466|185,$39|296,062|
|M &G The Equities
for Charities/(Chari|Investment
Fund
fund) Inc. Units||30,000|30,879|30,000|25,612|
|Charinco Common|Investment||||||
|Fund Accumulation
M &G Charity Multi Asset Fund|||13,038
3,0$4|74,652
7,860|13,038
3,084|76,190
6,804|
||||5231,961|8488)857|f231,961|6404,668|
##
|||||2021|2020|
|---|---|---|---|---|---|
|Amounts
Accruals|falling due
& deferred|within
income|one year:-|5,786|6,762|
|Total||||K5,786|~56 262|
##
|15.MOVEMENT ON|RESE|RVES||||||
|---|---|---|---|---|---|---|---|
|||Balance|Income|Expenditure|Transfers||Balance|
|||At
I/6/20|||In|Out|at 3I/5/21|
|Accumulated
Fund
lnvestntent
valuation|reserve|201,035
172,707|64,688|(67,957)
84,189|||197,766
256,896|
|R.C.Hogg Fund
G.P. Smith Fund
Extraordinary
Repairs
Cyclical Maintenance
Revaluation
Reserve|Fund
Fund|25,000
5,000
44,073
24,661
700,730|||||25,000
5,000
44,073
24)661
700,730|
|||61,173,206|664,688|f16,230|||81,254,126|
##
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|16.MOVEMENT ON RESERVES PRIOR YEAR|16.MOVEMENT ON RESERVES PRIOR YEAR|16.MOVEMENT ON RESERVES PRIOR YEAR|16.MOVEMENT ON RESERVES PRIOR YEAR|16.MOVEMENT ON RESERVES PRIOR YEAR||||||
|---|---|---|---|---|---|---|---|---|---|
||||Balance|income|Expenditure||Transfers||Balance|
||||At I/6/I 9|||In||Out|at 31/5/20|
|Accumulated|Fund||197,980|59,716|(56,661)||||201.035|
|Investment|valuation|reserve|214,414||(41,707)||||172.707|
|R.C.Hogg Fund|||25,000||||||25,000|
|G.P. Smith|Fund||5,000||||||5,000|
|Extraordinary
Repairs||Fund|44,073||||||44,073|
|Cyclical Maintenance||Fund|24,661||||||24,661|
|Revaluation|Reserve||700,730||||||700,730|
||||f1,211,858|f59,716|i(98,368)||||6i,173,206|