## 



## 

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





## 

## 

||||||2020|||2019||
|---|---|---|---|---|---|---|---|---|---|
||||Notes|||||||
|FIXEDASSETS||||||||||
|Property<br>Improvements||-atcost||||||||
|Chapel and Almhouse||||||408,633|||408,633|
|Investments<br>-at market||value||||||||
|Stocks and Securities||||||169,354|||194,563|
|CURRENT ASSETS||||||577,987|||603,196|
|Petty Cash Balance||||55|||55|||
|Bank Current Account<br>Bank Deposit Account||||4,796<br>79|||5,547<br>79|||
|Stockbrokers<br>Cash Deposits||||4,172|||658|||
|P repayments<br>Capital Investment<br>Funds||held by Genesis|4<br>5|3,182<br>10,693|||2,617<br>9,839|||
|||||22,978|||18,795|||
|CURRENT LIABILITIES||||||||||
|Creditors and Accruals<br>Stockbrokers<br>Settlement|Account|||2,310|||2,280<br>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<br>Fund:||||||||||
|Accumulated<br>Surplus||||||162,414|||183,746|
|Restricted<br>Property<br>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<br>forward at 1stJanuary 2020||9,839|8,985|
|||Add: Additional<br>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<br>LOAN ACCOUNT||||
|||Balance brought<br>forward at 1stJanuary 2020||247,709|269,589|
|||Less: Rental income received||36,901|36,765|
|||||210,808|232,824|
|||Property<br>Management<br>Charges<br>Maintenance<br>Provision for Future Capital Investment|4,259<br>3,120<br>854||4,259<br>5,502<br>854|
|||Mortgage<br>Interest|4,123||4,270|
|||||12,356|14,885|
|||Balance carried forward as at 31stDecember 2020||223,164|247,799|



##