2021-03-31-accounts - Ringwood United Charities

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The	Trustees	at the date of this report and holding	office during the year were:
		Mr David V Brown	Chairman
		Mrs Jacqueline C Brown
		Cllr John Haywood	Town Council Representative
		Cllr Jeremy D Heron	Treasurer —Town Council Representative
		Mr Keith P Jones
		Miss Jan Pankhurst
		Cllr W Steven Rippon-Swaine	Town Council Representative
		Mr John A R Smith
		Rev Matthew Trick	Ex-officio
		Mrs Lynda A Wickens

RESTRICTED FUNDS
INCOMING RESOURCES		ALEXANDER JAMES
		MAIN	MEMORIAL	POOLS	TOTAL FUNDS
	Notes	FUND	TRUST FUND	FUND	2021	2020
Income and endowmentsfrom:		E	E	E	E
Charitable Activities	4(a)	32,642	0	0	32,642	30,042
Investment income	4(b)	2,505	1,881	126	4,512	4,715
Total income and endowments		35,147	1,881	126	37,154	34,757
RESOURCES EXPENDED
Expenditure on:
Charitable Distributions	5(a)
Cost of Charitable Activities:
Upkeep ofthe Almshouses	5(b)	30,898		0	30,898	62,742
Administration	5(c)	4,979			4,979	3,767
Professional Fees	5(cI)	1,650			1,650	2,675
Total expenditure		37,527		0	37,527	69,499
Net income before gains/	(losses)	(2,380)	1,881	126	(373)	(34,742)
Unrealised revaluation gains	/ (losses):
Investments	6	97,718	(920)	734	97,532	(2,094)
Almshouses			0	0
NET MOVEMENT IN FUNDS		95,338	961	860	97,159	(36,836)
Balances at 1 April 2020		1,788,288	56,372	3,941	1,848,601	1,885,437
BALANCES AT 31 MARCH 2021		1,883,626	57,333	4,801	1,945,760	1,848,601

		BALANCE	SHEET AS AT 31 MARCH	SHEET AS AT 31 MARCH	2021
RESTRICTED FUNDS			ALEXANDER JAMES
			MAIN	MEMORIAL	POOR'S	TOTAL		FUNDS
FIXEDASSETS		Notes	FUND	TRUST FUND	FUND	2021		2020
			L'	E
Almshouses Quomp	Ringwood	1(c)and2	1,178,000	0	0	1,178000	1,178000
Investments		1(c)and 6	518,331	39,129	4,285	561,745		455,855
TOTAL FIXEDASSETS			1,696,331	39,129	4,285	1,739,745	1,633,855
CURRENT ASSETS
Debtors and prepayments			1,870	5,712		7,582		5,870
Bank Balances:
National Westminster	Bank PLC
Current account			34,836	9,587	516	44,939		49,428
Reserve account			0	2 905	0	2 905		2 905
COIF Deposit Fund			159,552	0	0	159,552		159,363
			194,388	12,492	516	207,396		211,696
Total current assets			196,258	18,204	516	214,978		217,566
LIABILITIES
Creditors (falling due	within one	year)	(8,963)			(8,963)		(2,820)
NET CURRENT ASSETS			187,295	18,204	516	206,015		214,746
TOTAL ASSETS			1,883,626	57,333	4,801	1,945,760	1,848,601
Represented by
RESTRICTED FUNDS			1,883,626	57,333	4,801	1,945,760	1,848,601

		NOTES TO THE FINANCIAL	NOTES TO THE FINANCIAL	NOTES TO THE FINANCIAL	STATEMENTS	STATEMENTS	STATEMENTS
			YEAR ENDED 31	MARCH 2021
RESTRICTED FUNDS
Charitable Activities			ALEXANDER JAMES
				MEMORIAL			POOLS	TOTAL	FUNDS
4(a) CHARITABLE ACTIVITIES			MAIN FUND	TRUST		FUND	FUND	2021	2020
			E					E		2
Alms persons			32,642			0		32,642	30,042
Miscellaneous
			32,642					32,642	30,042
4(b) INVESTMENT INCOME
Charinco Common Investment		Fund
20902.59 Income units			0			0			1,254
BLK Charites UK Bond Fund		A	0		1,881			1,881		70
COIF Charities Investment Fund
4129 Income units	- Clark		2,162			0	0	2,162	2,	119
213 Income units	- Clark					0	112	112		110
387 Income units	- Repairs		203					203		199
22 Income units	- Baldw in						12	12
17 Income units	- Burch
4 Income units	—Thaine
2070.09 Accumulation	units (ERF)
39.93 Acquired 04.02.21 E8,358
2110.02
COIF Deposit Interest			131					131		942
Bank Interest			0			0
			2,505		1,881		126	4,512	4,715

EXPENDITURE ON			ALEXANDER JAMES	ALEXANDER JAMES	ALEXANDER JAMES
		MAIN		MEMORIAL	POOR'S	TOTAL	FUNDS
		FUND		TRUST FUND	FUND	2021	2020
			2		2	E
5(a) CHARITABLE DISTRIBUTIONS			0	0		0	315
5(b) COST OF CHARITABLE ACTIVITIES
Upkeep ofAlmshouses:
Refurbish Flat 15			0			0	45,594
Asbestos removal			0			0	1,194
Plumbing			825			825	2,336
Electrical			696			696	687
Miscellaneous repairs	(inc gas safety)	2,019				2,019	1,660
Chimney repairs		9,763				9,763	0
Security systems		2,078				2,078	0
Water tank		11,478				11,478	0
Land survey							4,830
Care alarm							555
Insurance		1,455				1,455	1,639
Gardening & picnic table			620			620	180
Water		1,910				1,910	2,090
Council tax			54			54
Utilities etc —void period	Flat 15						1,977
		30,898			0	30,898	62,742
5(c) ADMINISTRATION
Almshouses Association			282			282	279
Clerk's salary		3,405				3,405	2,075
Computer			85			85	1,017
Miscellaneous (including	room hire)	1,207				1,207	396
		4,979				4,979	3,767
5(d) PROFESSIONAL FEES
Sheerin Bettle							1,275
Accountancy			630			630	500
Independent examination		1,020				1,020	900
Property revaluation
		1,650				1,650	2,675

RESTRICTED		FUNDS				ALEXANDER JAMES	ALEXANDER JAMES	ALEXANDER JAMES
						MAIN	MEMORIAL	POOLS	TOTAL	FUNDS
6 INVESTMENTS						FUND	TRUST FUND	FUND	2021	2020
								E	L		E
Alexander James Memorial				Trust Fund
BLK Charities	UK Bond		Fund	A	(income units)
(formerly Charinco		Common	Investment		Fund - income	units)
1 April 2020						0	40,049	0	40,049	39,673
Unrealised (loss) / gain			for the	year		0	(920)	0	(920)		376
Valuation at 31 March			2021			0	39,129	0	39,129	40,049
Clarks Fund
COIF Charities		Investment Fund			(incorre units)
1 April 2020						61,342	0	3,165	64,507	66,616
Unrealised gain		for the year				12,676	0	654	13,330	(2,109)
Valuation at 31 March			2021			74,018	0	3,819	77,837	64,50?
Repairs Fund
COIF Charities		Investment Fund			(income units)
1 April 2020						5,749			5,749	5,936
Unrealised gain		for the year				1;188			1,188	(187)
Valuation at 31 March			2021			6,937			6,937	5,749
Baldwin Fund
COIF Charities		Investment Fund			(income units)
1 April 2020							0	327	327		337
Unrealised gain		for the year					0	67	67		(10)
Valuation at 31 March			2021				0	394	394		327
Burch Fund
COIF Charities		Investment Fund			(income units)
1 April 2020						253			253		260
Unrealised gain		for the year				52			52		(7)
Valuation at 31 March			2021			305			305	253
Thaine Fund
COIF Charities		Investment Fund			(income units)
1 April 2020								59	59		60
Unrealised gain		for the year						13	13		(1)
Valuation at 31 March			2021					72	72		59
Extraordinary		Repair Fund
COIF Charities		Investment Fund			(accumulation	units)
1 April 2020						344,911	0	0	344,911	345,067
Investment during the year						8,358	0	0	8 358		0
Unrealised gain		for the year				83,802	0	0	83,802	(156)
Valuation at 31 March			2021			437,071	0	0	437,071	344,911
Total at Valuation						518,331	39,129	4,285	561,745	455,855
Total unrealised gains			/ (losses)			97,718	(920)	734	97,532	(2,094)

RESTRICTED	RESTRICTED	FUNDS	FUNDS	FUNDS		ALEXANDER JAMES	ALEXANDER JAMES	ALEXANDER JAMES
						MAIN	MEMORIAL	POOR'S	TOTAL	FUNDS
7 ACCUMULATED				FUNDS		FUND	TRUST FUND	FUND	2021	2020
							L'	E		E
Endowment	Funds:
Alexander James			Memorial		Trust Fund	0	39,129		39,129	40,049
Clarks Fund						74,018	0	3819	77,837	64,507
Repairs Fund						6,937			6,937	5,749
Baldwin Fund								394	394	327
Thaine Fund								72	72	59
Burch Fund						305			305	253
						81,260	39,129	4,285	124,674	110,944
Extraordinary		Repair		Fund		437,071		0	437,071	344,911
Freehold Property						1,178,000		0	1,178,000	1,178,000
Accumulated		income				187,295	18,204	516	206,015	214,746
						1,883,626	57,333	4,801	1,945,760	1,848,601