2021-06-30-accounts - Rowington Almshouse Charity

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

for the Year Ended 3	0June 20	21
				2021	2020
				Unrestricted	Total
			Notes	funds f	funds
INCOME AND ENDOWMENTS		FROM
Income from charitable	activities			103,493	79,267
Investment income				32,287	40,004
Total				135,780	119,271
EXPENDITURE ON
Charitable activities
Property maintenance Management and administration Other support items				18,302 25,931 35,733	31,105 26,331 20,563
Total				79,966	77,999
Net gains/(losses) on	investments			83,816	(92,493)
NET INCOME/(EXPENDITURE)				139,630	(51,221)
RECONCILIATION OF FUNDS
Total funds brought	forward			1,631,407	1,682,628
TOTAL FUNDS CARRIED FORWARD				1,771,037	1,631,407

BALANCE SHEET 30June 2021
		2021	2020
		Unrestricted	Total
		funds	funds
Notes		E
FIXEDASSETS
Tangible assets		684,142	321,316
Investments
Investments		450,877	404,363
Investment property		45,000	45,000
		1,180,019	770,679
CURRENT ASSETS
Debtors		186,902	6,769
Investments		385,972	382,754
Cash at bank		200,516	476,055
		773,390	865,578
CREDITORS
Amounts failing due within one year		(15,051)	(4,850)
NET CURRENT ASSETS		758,339	860,728
TOTAL ASSETSLESSCURRENT
LIABILITIES		1,938,358	1,631,407
CREDITORS
Amounts falling due after more than one year	10	(167,321)
NET ASSETS		1,771,037	1,631,407
FUNDS
Unrestricted funds		1,771,037	1,631,407
TOTAL FUNDS		1,771,037	1,631,407

	Years
Structure	100
Kitchen	25
Bathroom	30
Windows	40
Central heating	40
Boilers	20
INVESTMENT INCOME
	2021	2020
		F
Income from listed investments	29,257	32,928
Interest on bank deposits	3,030	7,076
	32,287	40,004

					Housing
					properties
					F
	COST
	At 1 July 2020				454,132
	Additions				392,896
	At 30June 2021				847,028
	DEPRECIATION
	At 1 July 2020 Charge for year				132,816 30,070
	At 30June 2021				162,886
	NET BOOK VALUE
	At 30June 2021				684,142
	At 30June 2020				321,316
	The Almshouses	are insured	forE2,448,628(2020:&,204,537).
5.	FIXEDASSETINVESTMENTS
	Market value at 1 Income received	July 2020 and re-invested			404,363 5,580
	Gain in fair value				40,934
	Market value at 30June 21				450,877
	The historical cost ofthe investments			isf400,554(2020:f394,974).
6.	INVESTMENT PROPERTY
	FAIR VALUE
	At 1 July 2020
	and 30June 2021				45,000
	NET BOOK VALUE
	At 30June 2021				45,000
	At 30June 2020				45,000

Comparative	net movement in fun	ds, included in the above	are as follows:
		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
Unrestricted	funds
General fund		119,271	(77,999)	(92,493)	(51,221)
TOTAL FUNDS		119,271	(77,999)	(92,493)	(51,221)

The permanent endowment fund is in	vested in the following investmen	ts:
	Fixed asset
	investments	Bank	Total
Balance at 1 July 2020	404,363	ge,ess	503,018
Gain in fair value	40,934		40,934
Income received Drawings	5,580	(98,655)	5,580 (9e,'6ss)
Balance at 30June 2021	450,877		450,877

								2021	2020
Income shares		in The	National Association ofAlmshouses				Common
Investment	Fund							31,117	27,273
Income units in		the Charities		Official Investment		Fund		65,376	62,082
Accumulation	shares		in M&G Charifund					139,654	110,645
M&G Charibond		-Common		Investment	Fund			140,536	142,369
Income shares		in the	M&G	Charifund				74,194	61,994
								450,877	404,363
United Trust	Bank deposit								30,708
Cambridge	and	Counties Bank deposit							67,947
								450,877	503,018

forthe Year Ended 30Ju	n	e 2	021
				2021	2020f
INCOME AND ENDOWMENTS
Income from charitable	activities
Income from social housing		activities		93,739	79,089
Income from non social housing			activities	458	178
Grant Income				9,296
				103,493	79,267
Investment income
Income from listed investments				29,257	32,928
Interest on bank deposits				3,030	7,076
				32,287	40,004
Total incoming resources				135,780	119,271
EXPENDITURE
Charitable activities
Reactive day to day Reactive electrical					3,048 3,765
Communal landscapes Chimney sweeping General repairs				2,796 400 15,106	6,998 475 16,819
				18,302	31,105
Support costs
Finance
Wages Pensions				15,418 269
Managing agent's fees Subscriptions Professional fees				1,806 35 6,274	10,838 35 5,490
Independent examiner's	fees			800	800
Secretarial and administrative			fees	1,329	9,168
				25,931	26,331
Other
Insurance				1,570	1,445
Light and heat Water and sewerage				473 3,620	4,296 4,397
Depreciation oftangible	fixed		assets	30,070	10,425
				35,733	20,563
Totalresources expended				79,966	77,999
Net income before gains		and	losses	55,814	41,272