2021-03-31-accounts

			Page
Report ofthe Trustees		1	to	3
Report ofthe Independent	Auditors	4	to	6
Statement ofFinancial Activities
Balance Sheet		8	to	9
Notes to the Financial Statements		1Q	to	17

				be t ld arlin on S ci L	be t ld arlin on S ci L	be t ld arlin on S ci L	'ted
				Statement ofFinancial Activities
			ncor	ratin an Income and Kx		n itur	A	nt
				for the Year Ended 31March 2021
									2021	2020
				Unrestricted	Restricted		Endowment		Total	Total
				funds	lund			fund	funds	funds
			Notes
INCOME AND
ENDOWMENTS	FROM
Charitable activities
Social housing				281,696					281,696	345,778
Investment income				7,972					7,972	11„056
Total				289,668					289,668	356,834
EXPENDITURE	ON
Raising funds				7,274					7,274	7,587
Charitable activities
Social housing				336,258	1,643				337,901	387,522
Total				343,532	1,643				345,175	395,109
Net gains/(losses)	on
investments				90,858					90,858	(36,611)
NET
INCOME/(EXPENDITURE)				36,994	(1,643)				35,351	(74,886)
RECONCILIATION		OF
FUNDS
Total funds brought		forward		2,130,189	2.009		98,000		2,230,198	2,305,084
TOTAL FUNDS	CARRIED
FORWARD				2,167,183	366		98,000		2,265,549	2,230,198

					2021	2020
		Unrestricted	Restricted	Endowment	Total	Total
		funds	fund	fund	funds	fullds
	Notes
FIXEDASSETS
Tangible assets	11	1,170,648	259	98,000	1,268,907	1,274,997
Investments	12	563,655			563,655	472,650
		1,734,303	259	98,000	1,832,562	1,747,647
CURRENT ASSETS
Debtors	13	13,489			13,489	16,417
Cash at bank and in hand		442,250	107		442,357	505,827
		455,739	107		455,846	522,244
CREDITORS
Amounts falling due within one
year	14	(22,859)			(22,859)	(39,693)
NET CURRENT ASSETS		432,880	107		432,987	482,551
TOTAL ASSETSLESS
CURRENT LIABILITIES		2,167,183	366	98,000	2,265,549	2,230,198
NET ASSETS		2,167,183	366	98,000	2,265,549	2,230,198
FUNDS	15
Unrestricted funds					2,167,183	2,130,189
Restricted funds					366	2,009
Endowment funds					98,000	98,000
TOTAL FUNDS					2,265,549	2,230,198

INVEST	MENT INCOME
		2021	2020
Dividends	and interest on equities and securities	7,421	9,092
Deposit account interest		551	1,964
		7,972	11,056

						2021	2020
				Activity
Residents'	Room Charges			Social housing		274,579	336,634
Guest Room/Meals		Charges		Social housing			2,045
Other income				Social housing		400	1,599
Grants				Social housing		2,717	2,500
Employment allowance				Social housing		4,000	3,000
						281,696	345,778
Grants received, included			in the	above, are as follows:		2021	2020
Morrisons	Garden grant						2,500
RAISING	FUNDS
Investment	management		costs
						2021	2020
							f,
Portfolio management						7,274	7,587
CHARITABLE ACTIVITIES				COSTS
					Direct	Support
					Costs (see	costs (see
					note 6)	note 7)	Totals
Social housing					240,143	97,758	337,901
DIRECT COSTSOFCHARITABLE ACTIVITIES
						2021	2020
Staffcosts						120,168	111,772
Rates and water						9,865	9,335
Insurance						10,175	9,830
Light and heat						29,050	26,987
Telephone						4,546	4,678
Food and other household			costs			27,740	32,888
Repairs and	Maintenance					16,896	66,500
Council Warden Service						6,816	6,816
Gardening						2,792	6,470
Sundries						102
Hire ofplant	and machinery					3,744	2,520
Depreciation						8,249	7,404
						240,143	285,200

						Governance
					Management	costs	Totals
					f.
Social housing					95,758	2,000	97,758
Support costs,			included	in the above, are as follows:
						2021	2020
						Social	Total
						housing	activities
Salaries						74,261	68,159
Marketing	costs					3,973	6,336
Sundries						2,317	3,413
Subscriptions			and AKliation Fees			8,797	8,292
Professional		fees				6,410	14,272
Auditors'	remuneration					2,000	1,850
						97,758	102,322
NET INCOME/(EXPENDITURE)
Net income/(expenditure)				is stated after charging/(crediting):
						2021	2020
Auditors'	remuneration					2,000	1,850
Depreciation		-	owned assets			8,249	7,404

STAFFCOSTS
			2021	2020
Wages and salaries			176,114	163,992
Social security costs			10,799	9,080
Other pension costs			7,516	6,859
			194,429	179,931
The average monthly	number ofemployees	during the year was as follows:
			2021	2020
Total staff			12	13

TANGIBLE FIXEDASSETS
		Fixtures
	Freehold	fittings
	property	&equipment	Totals
COST
At 1 April 2020	1,243,731	200,090	1,443,821
Additions		2, 159	2,159
At 31March 2021	1,243,731	202,249	1,445,980
DEPRECIATION
At 1 April 2020		168,824	168,824
Charge for year		8,249	8,249
At 31March 2021		177,073	177,073
NET BOOKVALUE
At 31 March 2021	1,243,731	25,176	1,268,907
At 31March 2020	1,243,731	31,266	1,274,997

				2021	2020
Value ofinvestments		at 1 April 2020		472,650	507,756
Dividend	and interest received			7,421	9,092
Investment	portfolio	management	charges	(7,274)	(7,587)
Movement	in value during year			90,858	(36,611)
Value ofinvestments		at 31March	2021	563,655	4?2,650
Analysis:
Equities				543,477	445,491
Cash held	as part ofthe investment		portfolio	20,178	27,159
				563,655	472,650

DEBTORS:AMO	UNTS FALL	ING DUE WITHIN ONE Y	EAR
				2021	2020
Trade debtors				69	1,395
Prepayments and accrued income				13,420	15,022
				13,489	16,417
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE			YEAR
				2021	2020
Trade creditors				13,239	28,667
Social security and	other taxes			2,171	2,118
Other creditors				2,671	2,860
Accruals and deferred income				4,778	6,048
				22,859	39,693
MOVEMENT IN	FUNDS
				Net
				movement	At
			At 1/4/20	in funds	31/3/21
Unrestricted funds
Revenue Reserve			2,042,617	36,994	2,079,611
Cyclical repairs reserve			14,000		14,000
General Charitable	Reserve		73,572		73,572
			2,130,189	36,994	2,167,183
Restricted funds
Morrisons Garden Grant			2,009	(1,643)	366
Endowment funds
Endowment Reserve			98,000		98,000
TOTAL FUNDS			2,230,198	35,351	2,265,549
Net movement in funds, included		in the above are as follows:
		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
Unrestricted funds
Revenue Reserve		289,668	(343,532)	90,858	36,994
Restricted funds
Morrisons Garden Grant			(1,643)		(1,643)
TOTAL FUNDS		289,668	(345,175)	90,858	35,351

			Net
			movement	At
		At 1/4/19	in funds	31/3/20
Unrestricted funds
Revenue Reserve		2,119,512	(76,895)	2,042,617
Cyclical repairs reserve		14,000		14,000
General Charitable	Reserve	73,572		73,572
		2,207,084	(76,895)	2,130,189
Restricted funds
Morrisons Garden Grant			2,009	2,009
Endowment funds
Endowment Reserve		98,000		98,000
TOTAL FUNDS		2,305,084	(74,886)	2,230,198

	Incoming	Resources	Gains and	Movement
	resources	expended	losses	111funds
Unrestricted funds
Revenue Reserve	354,334	(394,618)	(36,611)	(76,895)
Restricted funds
Morrisons Garden Grant	2,500	(491)		2,009
TOTAL FUNDS	356,834	(395,109)	(36,611)	(74,886)