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|Reference and Administrative|Reference and Administrative|Details||
|---|---|---|---|
|Trustees' Report|||2to 5|
|Independent
Auditors'|Report||6to 6|
|Statement of Financial|Activities|||
|Balance Sheet|||10to 11|
|Statement of Cash Flows|||12|
|Notes to the Financial|Statements||13to 23|
||||Reference and Administrative|Reference and Administrative|Reference and Administrative|Reference and Administrative|Details|
|---|---|---|---|---|---|---|---|
|Trustees||||Miss A England||||
|||||Miss PJ Rayer||||
|||||G A Harris||||
|||||PS Kendal||||
|||||DrSG King||||
|||||P C Scaiff||||
|Principal|Office|||Whistcn Court||||
|||||20 White Ladies|Close|||
|||||Worcester||||
|||||WR1 1QA||||
|Company|Registration||Number|00961985||||
|Charity Registration||Number||259716||||
|Solicitors||||Harrison
Clark Rickerbys||Limited||
|||||5 Deansway||||
|||||Worcester||||
|||||Worcestershire||||
|||||WR1 2JG||||
|Auditor||||Ballards
LLP||||
|||||Statutory
Auditor||||
|||||11cKingswood|Road|||
|||||Hampton
Lovett||||
|||||Droilwich||||
|||||Worcestershire||||
|||||WR9 OQH||||
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||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|
|||Note|funds
f|fundsf|2020f|
|Income end Endowments|from:|||||
|Donations
and legacies|||12,455|4,278|16,733|
|Charitable
activities|||697,087||697,087|
|Total Income|||709,542|4,278|713,820|
|Expenditure
on:||||||
|Raising funds
Charitable
activities||6|(129,287)
~568.779|~284|(129,287)
~580922|
|Total Expenditure
Gains/losses
on investment|assets||(698,066)
21,599|(284)|(698,350)
21,599|
|Net income|||33,075|3,994|37,069|
|Net movement
in funds|||33,075|3,994|37,069|
|Reconciliation
offunds||||||
|Total funds brought
forward|||2,158,810|4.430|2,163246|
|Total funds carried forward||20|2,191,885|8,430|2,200,315|
||||Unrestricted|Restricted|Total|
|||Note|funds
f|fundsf|2019
f|
|Income and Endowments|from;|||||
|Donaticns
and legacies||3|4,383|3,285|7,668|
|Charitable
activities||4|1,758,183||1,758,183|
|Investment
inccn3e||5|4||4|
|Total Income|||1,762,570|3,285|1,765,855|
|Expenditure
on;||||||
|Raising funds
Charitable
activities
Total Expenditure||6|(976,468)
~665900
~1.042,424|~304
~321|(976,468)
~099257
~1,042,720|
|Net income|||120,146|2,984|123130|
|Net movement
in funds|||120,146|2,984|123,130|
|Reconciliation
offunds||||||
|Total funds brought
forward|||2,038,664|1,452|2,040,116|
|Total funds carried forward||20|2,158,810|4,436|2,163,246|
##
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|||Note|2020
E|2019
f|
|---|---|---|---|---|
|Fixed assets|||||
|Tangible assets||12|646,383|848,921|
|Investments||13|3,099,944|2,910,944|
||||3,746,327|3.559881|
|Current assets|||||
|Stocks||14||296,688|
|Debtors||15|13,084|12,118|
|Cash at bank and in hand|||263,932|225,517|
|Creditors: Amounts|falling due within one year|16|277,016
~89,399|534,323
~78949,|
|Net current assets|||187,617|454,374|
|Total assets less current liabilities|||3,933,944|4,014,239|
|Creditors: Amounts|falling due after more than one year|17|~1,733.629|~1,858,853|
|Net assets|||2.2116,315|2,183,248|
|Funds ofthe charity;|||||
|Restricted funds|||8,430|4,436|
|Unrestricted
income|funds||||
|Unrestricted
funds|||2,191,885|2,158,810|
|Total funds||20|2,200,315|2,163,246|
##
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||||2020|||
|---|---|---|---|---|---|
|||Note|8|||
|Cash flows from operating
activities||||||
|Net cash income|||37.069|123,130||
|Adjustments
to cash flows from non-cash|items|||||
|Depreciation|||39,011||35,023|
|Interest received|||||(4)|
|Interest payable
Revaluation
of investments|||69,599
~21,509||82,037|
||||124,060|240,188||
|Working capital adjustments||||||
|Decrease
in stocks||14|129,287|976,488||
|(Increase)/decrease
in debtors||15|(966)||7,367|
|Increase/(decrease)
in creditors
(Decrease)/increase
in deferred income||16
17|16,780
~8,47~||(41,751)
1,215|
|Net cash flows from operating
acgviTies|||2611,766|'1,110485||
|Cash flows from investing
activities||||||
|Interest receivable
and simile~ income||5|||4|
|Interest payable
Purchase oftangible fixed assets||12|(69,599)
~36473|~.|(82.037)
4.457|
|Net cash Iiows from investing
activities|||~106il72|~,|80,404|
|Cash flows from financing
activities||||||
|Value of new loans obtained
during the period
Repayment
of loans and borrovnngs||16|~710,270|2,100,000
~3.
024,
660||
|Net cash flows from financing
activities|||~716,279|~642,M0||
|Net increase
in cash and cash equivalents|||36,415|154,993||
|Cash and cash equivalents
at 1 October|||225,517||70,524|
|Cash and cash equivalents
at 30September|||263,932|220017||
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|||||Unrestricted|||||
|---|---|---|---|---|---|---|---|---|
|||||funds|||||
||||||Restricted|Total||Total|
|||||General|funds|2020||2010|
|||||6||6||0|
|Donations|and legacies;||||||||
|Donations||from individuals|||4,278|4,278||3,435|
|Other income from donations|||and||||||
|legacies||||12,455||12,455||4,233|
|||||12,455|4,278|18733|,|7FM8|
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|Governance
costs|||||||
|---|---|---|---|---|---|---|
||||Unrastr(cted||||
||||funds||||
|||||Restricted|Total|Total|
||||General|funds|2020|2019|
||||2|6|S|2|
|Staff costs|||||||
|Wages and salaries|||224,094||224,094|214,768|
|Social security costs|||11,565||'i1,565|8,114|
|Pension costs
Audit fees|||9,106||9,106|8,919|
|Audit ofthe financial statements
Staff and trustee expenses|||7,850
2,914||7,650
2,914|9,450
4,747|
|Legal snd professional
Estate agent fees|fees||6,194
6,558||6,194
6,556|38,961
38,273|
|Marketing
and publicity|||645||645|20,388|
|Depreciation,
amortisation||and|||||
|other similar cosis|||36,727||39,011|35,023|
|Other governance
costs|||261,126||264,126|287,596|
||||568,779|264|569,063|666,257|
##
|Net income/(|expenditure)
for the year is stated after|cherging/(crediting):||
|---|---|---|---|
|||2020|2019|
|Audit fees
Depreciation|offixed assets|11,590
39,011|9,450
35023|
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|10Staff costs
The aggregate
payroll costs were as follows:|||
|---|---|---|
||2D20||
||E||
|Staffcoats durtng the year were:|||
|Wages and salaries|224,094|214,768|
|Social security costs|11,565|8,114|
|Pension costs|9,106|8,919|
||244,765|231,001|
|chari|ty
during
the year expressed as full ti|me equivalents
was as follows:||||
|---|---|---|---|---|---|
|||2020||2010||
|||No||No||
|Full|time||||1|
|Part|time||14||15|
||||15||16|
|11Auditors'|remuneration|
|---|---|
|Audit ofthe|financial
statements|
|202D||
|---|---|
|7,850|9,450|
##
|12Tangible fixed assets||Furniture||
|---|---|---|---|
||Land and|and||
||buildings
f|equipment
f|Totalf|
|Cost||||
|At 1 October 2019|523,840|346,438|870,278|
|Additions||36,473|36,473|
|At 30September 2020|523,040|302,911|408351|
|Depreciation||||
|At 1 October 2019|36,750|184,607|221,357|
|Charge for the year|10,500|28,511|39,011|
|At 30September 2020|47,250|213,118|260,368|
|Net book value||||
|At 30September 2020|476,590|169,793|646,383|
|At 30September 2019|481,11911|161,031|040,021|
|13Fixed asset investments||||
|||2020|2019
f|
|Investment
properties||3,099,944|2,910,944|
|Investment
properties||||
||||Investment|
||||properties
f|
|Cost or Valuation||||
|At 1 October 2019|||2,910,944|
|Transfer from stock|||189.000|
|At 30September 2020|||3,099,944|
|Provision||||
|At 30September 2020||||
|Net book value||||
|At 30September 2020|||3,090,044|
|At 30September 2019|||2.010,044|
##
|14Stock|||||
|---|---|---|---|---|
||||2020|2019|
|||||6|
|Stocks||||296,658|
|15Debtors|||||
||||2020|2019
f|
|Trade debtors|||5,321||
|Prepaymenis|||7,763|8,915|
|VAT recovemble||||3,203|
||||13,084|'l2,118|
|16Creditors:|amounts|falling due within one year|||
||||2020|2019|
|||||6|
|Bankloans|||27,364|26,279|
|Trade creditors|||4,276|16,029|
|Other taxation|and social|security|33,219|2,315|
|Security deposits|||12,180|14,550|
|Accrusls|||12,360|12,360|
|Contribuficns|in advance|||8,415|
||||39,399|79,949|
##
|17Creditors: amounts|falling due atter one year|||
|---|---|---|---|
|||2020|2019|
||||K|
|Bank loans||1,733,629|1,669993|
##
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|20 Funds|||||||||
|---|---|---|---|---|---|---|---|---|
|||||||||Balance at|
|||Balance at|||||Other|30|
|||1 October
2019|Incoming
resources||Resources
expended||recognised
galnsi7(losses)|September
2020|
|||E|||E||E||
|unrestricted|funds||||||||
|General
Restricted|funds|(2,158,810)
~4,430|(709,542)
~4,278||696,066
204||(21,599)|(2,191,885)
~0,433|
|Total funds||~2, 163.240|~713.820||008,3511||~21.000|~2200315|
|||||||||Balance at|
|||||||||30|
|||Balance
October|at 1
2018|Incoming
resources||Resources
expended||September
2019|
|||E|||E||E|E|
|Unrestricted|funds||||||||
|General
Restricted funds||(2,038,664)
~1,452||(1,762,570)
~3.205|||1,642,424
(2,158,810)
301 ~44$!||
|Total funds||~2.0 0.110||~1700000|||1.042.725. ~, 2,103,240||
##
##
|21 Anal|ysis
ofnet assets behueen f|unds|||
|---|---|---|---|---|
|||Unrestricted|||
|||funds|||
||||Restricted||
|||General|funds|Total funds|
|||6||tt|
|Tangible|fixed assets|645,517|866|646,383|
|Fixed asset investments||3,099,944||3,088,944|
|Current|assets|277,016||277,016|
|Current
Creditors|liabilities
over 1 year|(89,329)
~3733629.||(89,329)
~1.733,629|
|Total net assets||2,199,519|866|2,200,385|
##
##
##
||||||Total||Total|
|---|---|---|---|---|---|---|---|
||||||2020||2018|
|||||Note|8||8|
|Income and Endowments|from:|||||||
|Donations|||||||150|
|Donaticns|||||4,278||3,285|
|Other income|||||12,455||4,233|
|Income from lettings|||||184,238||201.821|
|Service charge income|||||347,324||339,262|
|Apartment
sales|||||165,525||1,217,100|
|interest on cash deposits|||||||4|
|Total Income|||||713020|,|1,700005|
|Expenditure
on:||||||||
|Cost of aparlments
sold
Wages and salaries
Staff NIC (Employers)
Staff pensions
(Defined contribution)
Staff and trustee expenses
Rates
Water rates
Light, heat and power
Insurance
Repairs and maintenance
Telephone
and broadband
Membership
fee|||||(129,287)
(224,094)
(11,565)
(9,106)
(2,914)
(4,200)
(10,211)
(47,366)
(14,048)
(26,957)
(3,764)
(14,344)||(976,468)
(214,768)
(8,114)
(8,919)
(4,747)
(11,078)
(7,346)
(41,110)
(13,678)
(34,802)
(3,708)
(10,824)|
|Sundry expenses
Catering
and cleaning|||||(3,374)
(48,938)||(4,322)
(54,275)|
|Marketing
and publicity
The audit ofthe charity's
annual
accounts
Legal and professional
fees
Estate agent fees
Irrecoverable
VAT
Bank charges
Interest payable
Depreciation
offreehold
property
Depreciation
of plant and machinery
Depreciation
offixtures and fittings
Depreciation
offfxtures and fittings|||||(645)
(7,850)
(6,194)
(6,558)
(;8,087)
(238)
(69,599)
(10,500)
(11,260)
(16,967)
~204|(20,386)
(9,450)
(38,981)
(38,273)
(22,756)
(1,660)
(82,037)
(10,500)
(10,363)
(13,859)
~307||
|Total Expenditure
Realised gainsffosses
on investment|||assets||(698,350)
21,599||(1,642,725)|
|Net income|||||37,000||123130|
|Net movement
in funds|||||37,069||123,130|
##
|||||Total|Total|
|---|---|---|---|---|---|
|||||2020|201$|
||||Note|6|6|
|Reconciliation|of|funds||||
|Total funds brought||forward||2,163,246|2,040,116|
|Total funds carried||forward|20|2.2PP 315|2,163,246|