2020-12-31-accounts

		PAGE
Annual Report
Independent Examiners'	Report
Statement of Financial	Activities
Balance Sheet
Notes to the Financial Statements		5-6

FOR THE YEAR ENDED 31 DEC	EMBER 2020
					2020
			Unrestricted	Restricted	Totalf	2019 f
		Notes
INCOMING RESOURCES
Donations
Legacy						4,000
Donation from Friends ofthe Chapel
						4,000
Other Income
Net dividends received			9,442		9,442	9,466
Deposit account interest (Gross) Rental Income				36,901	36,901	36,765
			9,442	36,901	46,343	46,231
Total Incoming Resources			9,442	36,901	46,343	50,231
RESOURCES EXPENDED
Direct Charitable activities Property repairs Property Insurance			5,799		5,799	4,679 5,701
Genesis Housing Group Charges:- Property Management Charges Maintenance and Insurance Mortgage Interest				4,259 3,120 4,123	4,259 3,120 4,123	4,259 5,502 4,270
			5,799	11,502	17,301	24,411
Governance Costs Telephone &admin exps Accountancy Share Registrars &Brokers fees			765 780 2,131		765 780 2,131	780 2,104
Honoriarum Almshouses Subscription			182		182	180
			3,858		3,858	3,064
Total Resources Expended			9,657	11,502	21,159	27,475
Net Incomingl (Outgoing) Resources for the year			215	25,399	25,183	22,756
Net gain/(loss) on investment assets			(21,117)		(21,117)	15,211
Adjustment Between Funds
Net movement in funds			(21,332)	25,399	4,066	37,966
Fund balances brought forward at 1stJanuary 2020			183,746	187,678	371,424	333,458
Fund balances carried forward at 31stDecember 2020			162,414	213,077	375455	371.,424

					2020			2019
			Notes
FIXEDASSETS
Property Improvements		-atcost
Chapel and Almhouse						408,633			408,633
Investments -at market		value
Stocks and Securities						169,354			194,563
CURRENT ASSETS						577,987			603,196
Petty Cash Balance				55			55
Bank Current Account Bank Deposit Account				4,796 79			5,547 79
Stockbrokers Cash Deposits				4,172			658
P repayments Capital Investment Funds		held by Genesis	4 5	3,182 10,693			2,617 9,839
				22,978			18,795
CURRENT LIABILITIES
Creditors and Accruals Stockbrokers Settlement	Account			2,310			2,280 578
				2319			2 858
NET CURRENT ASSETSI(LIABILITIES)						20,668			15,937
LONG TERM LIABILITIES
Mortgage						(223,164)			(247,709)
NET ASSETS						375,491			371,424
FINANCED BY:
Unrestricted Fund:
Accumulated Surplus						162,414			183,746
Restricted Property Fund
Provision for Future Capital		Investment				213,077			187,678
						375,491			371,424

NO	TES	TO THE ACCOUNTS -CONTINUED
AS	AT	31 DECEMBER 2020
				2020	2019
	6	PROVISION FOR FUTURE CAPITAL INVESTMENT			E
		Balance brought forward at 1stJanuary 2020		9,839	8,985
		Add: Additional Funds set aside in year		854	854
		Balance carried forward at 31stDecember 2020		1D,693	9,839
		A Fund is held by Genesis to provide for future capital investment.
	6	CREDITORS AND ACCRUALS
				F
		Accountancy		2,310	2,280
				2,310	2,280
	7	GENESIS HOUSING ASSOCIATION LOAN ACCOUNT
		Balance brought forward at 1stJanuary 2020		247,709	269,589
		Less: Rental income received		36,901	36,765
				210,808	232,824
		Property Management Charges Maintenance Provision for Future Capital Investment	4,259 3,120 854		4,259 5,502 854
		Mortgage Interest	4,123		4,270
				12,356	14,885
		Balance carried forward as at 31stDecember 2020		223,164	247,799