| Page | ||
|---|---|---|
| Trustee's annual report |
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| Independent examiner's report |
to the trustee | |
| Statement offinancial activities |
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| Statement offinancial position |
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| Notes to the financial statements | ||
| The following pages do not form part ofthe financial statements |
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| Detailed statement offinancial |
activities | 13 |
| Reference and administrative | Reference and administrative | Reference and administrative | details | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Registered | charity name | Earsdon, Newburn |
and | Shilbottle | Almshouse | Charity | |||
| Charity registration | number | 512195 | |||||||
| The trustees | |||||||||
| Ex-Officio: | |||||||||
| Rev. A. Harding | Chairman | ||||||||
| J Robson | |||||||||
| Co-opted: | |||||||||
| N Bruce | |||||||||
| ATaylor | |||||||||
| W Shaw | |||||||||
| W Tait | |||||||||
| Clerk to the | Trustees | A R Turner | Deceased 25 April 2021 | ||||||
| Tony Turner | Accountants | ||||||||
| Spencer House | |||||||||
| Market Lane | |||||||||
| Swalwell | |||||||||
| Newcastle upon Tyne |
|||||||||
| NE16 3DS | |||||||||
| Accountants | J E Freeman | ||||||||
| Chartered Certified |
Accountants | ||||||||
| 58 Durham | Road | ||||||||
| Birtley | |||||||||
| Co Durham | |||||||||
| DH3 2QJ | |||||||||
| Bankers | Barclays Bank Pic | ||||||||
| City Office | |||||||||
| Percy Street | |||||||||
| Newcastle upon Tyne |
|||||||||
| NE14QL | |||||||||
| Fund iiilanagers | Black Rock | investment | Management | (UK) Ltd | |||||
| 33King William Street | |||||||||
| London | |||||||||
| EC4R 9AS |
| Year ended 31 Dece | mber 2020 | ||||
|---|---|---|---|---|---|
| 2020 | 2019 | ||||
| Unrestricted | |||||
| Note | funds f |
Total funds | Total funds | ||
| income | |||||
| Maintenance contributions |
from residents | 38,557 | 38,557 | 39,879 | |
| Investment income |
3,383 | 3,383 | 4,461 | ||
| Total income | 41,940 | 41,940 | 44,340 | ||
| Expenditure | |||||
| Expenditure on raising funds: Property management expenses Expenditure on charitable activities |
5 6 |
16,497 3,960 |
16,497 3,960 |
56,108 3,780 |
|
| Total expenditure | 20,457 | 20,457 | 59,888 | ||
| Net income/(expenditure) | 21,483 | 21,483 | (15,548) | ||
| Other recognised gains and losses Growth/(diminution) in value ofinvestments |
16,285 | 16,285 | 28,518 | ||
| Net movement in funds |
37,768 | 37,768 | 12,970 | ||
| Reconciliation offunds |
|||||
| Total funds brought forward |
384,451 | 384,451 | 371,481 | ||
| Total funds carried forward | 422,219 | 422,219 | 384,451 | ||
| Fund balances are analysed: Revenue Reserve |
157,568 | 148,085 | |||
| Revaluation Reserve |
74,888 | 62,888 | |||
| Capital Reserve | 189,763 | 173,478 | |||
| 422,219 | 384,451 |
| Note | 2020 f |
2019 F |
||
|---|---|---|---|---|
| Fixed assets | ||||
| Tangible fixed assets | 9 | 113,700 | 114,969 | |
| Investments | 10 | 264,410 | 248,125 | |
| 378,110 | 363,094 | |||
| Current assets | ||||
| Debtors Cash at bank and in hand |
909 45,828 |
1,949 23,754 |
||
| 46,737 | 25,703 | |||
| Creditors: amounts falling due within one year |
12 | (2,628) | (4,346) | |
| Net current assets | 44,109 | 21,357 | ||
| Total assets less current liabilities | 422,219 | 384,451 | ||
| Net assets | 422,219 | 384,451 | ||
| Funds ofthe charity | ||||
| Unrestricted funds: |
||||
| Revenue reserve | 157,568 | 148,085 | ||
| Revaluation reserve Other unrestricted income funds |
74,888 189,763 |
62,888 173,478 |
||
| Total unrestricted funds |
422,219 | 384,451 | ||
| Total charity funds | 13 | 422,219 | 384,451 |
| Investment income |
||||
|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds f |
2020 | Funds | 2019 | |
| Income from listed investments | 3,365 | 3,365 | 4,388 | 4,388 |
| Bank interest receivable | 18 | 18 | 73 | 73 |
| 3,383 | 3,383 | 4,461 | 4,461 |
| Property ma | nagement expens |
es | |||
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2020 | Funds | 2019 | ||
| f. | F | ||||
| Water rates | 3,267 | 3,267 | 3,695 | 3,695 | |
| Professional charges Repairs and renovations Building insurance Property depreciation Subscriptions |
5,731 4,229 1,791 1,269 210 |
5,731 4,229 1,791 1,269 210 |
5,472 43,566 1,776 1,269 330 |
5,472 43,566 1,776 1,269 330 |
|
| Sundry | |||||
| 16,497 | 16,497 | 56,108 | 56,108 |
| Governance | costs | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Total funds | Unrestricted | Total funds | |||
| Funds | 2020 f |
Funds | 2019 | |||
| Accountancy Independent |
and clerking examiner's fee |
3,420 540 |
3,420 540 |
3,240 540 |
3,240 540 |
|
| 3,960 | 3,960 | 3,780 | 3,780 |
| Tangible fixed assets | ||
|---|---|---|
| Freehold | ||
| property f |
||
| Cost | ||
| At 1 January 2020 | 882,035 | |
| Housing Association Grant Your Homes Newcastle Grant |
(255,137) (500,000) |
|
| At 31 December 2020 | 126,898 | |
| Depreciation | ||
| At 1 January 2020 | 11,929 | |
| Charge for the year | 1,269 | |
| At 31 December 2020 | 13,198 | |
| Carrying amount |
||
| At 31December 2020 | 113,700 | |
| At 31 December 2019 | 870,106 |
| Investments | |||
|---|---|---|---|
| 2020 | 2019 | ||
| Trust Fund | |||
| The Charity's Official Investment Fund (COIF) 8,548.050 Income Shares (2019- 8,548.050shares) |
153,962 | 144,707 | |
| Extra-Ordinary Repair Fund |
|||
| Chairnco Common Investment 2008.505Accumulation Shares |
Fund (2019- 2008.505shares) |
110,448 | 103,418 |
| 264,410 | 248,125 |
| 11. | Debtors | ||||
|---|---|---|---|---|---|
| 2020 f |
2019 F |
||||
| Prepayments | and accrued income | 909 | 1,949 | ||
| 12. | Creditors: amounts | falling due within one year | |||
| 2020 | 2019 | ||||
| Accruals and | deferred | income | 2,628 | 4,346 |
| Unrestricted fun |
ds | |||||
|---|---|---|---|---|---|---|
| At | Gains and | At | ||||
| 1 Jan 2020 f |
Income | Expendituref | Transfers E |
losses 31 | Dec 2020 F |
|
| General funds | 148,085 | 41,940 | (20,457) | (12,000) | 157,568 | |
| Revaluation | ||||||
| reserve | 173,478 | 16,285 | 189,763 | |||
| Revaluation | ||||||
| reserve | 62,888 | 12,000 | 74,888 | |||
| 384,451 | 41,940 | (20,457) | 16,285 | 422,219 |
| Analysis ofnet as | sets between funds | ||
|---|---|---|---|
| Unrestricted | Total Funds | ||
| Funds | 2020 | ||
| P | |||
| Tangible fixed assets Investments |
113,700 264,410 |
113,700 264,410 |
|
| Current assets | 46,737 | 46,737 | |
| Creditors less than | 1 year | (2,628) | (2,628) |
| Net assets | 422,219 | 422,219 |
| Year ende | d 31 Dec | emb | er 2020 | ||
|---|---|---|---|---|---|
| 2020f | 2019 F |
||||
| Income | |||||
| Maintenance | contributions | from residents | |||
| Net income from rents and service charges | 38,557 | 39,879 | |||
| Investment | income | ||||
| Income from | listed investments | 3,365 | 4,388 | ||
| Bank interest | receivable | 18 | 73 | ||
| 3,383 | 4,461 | ||||
| Total income | 41,940 | 44,340 | |||
| Expenditure | |||||
| Costs ofraising donations Water rates |
and legacies | 3,267 | 3,695 | ||
| Property management Repairs and maintenance Insurance |
5,731 4,229 1,791 |
5,472 43,566 1,776 |
|||
| Depreciation Subscriptions |
ofproperty | 1,269 210 |
1,269 330 |
||
| 16,497 | 56,108 | ||||
| Charitable activities |
|||||
| Governance | costs | ||||
| Accountancy Independent |
and clerking examiner's fee |
3,420 540 |
3,240 540 |
||
| 3,960 | 3,780 | ||||
| Total expenditure | 20,457 | 59,888 | |||
| Net income/(expenditure) | 21,483 | (15,548) |