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|||Page|
|---|---|---|
|Trustee's
annual
report|||
|Independent
examiner's
report|to the trustee||
|Statement
offinancial
activities|||
|Statement
offinancial
position|||
|Notes to the financial statements|||
|The following
pages do not form part ofthe financial statements|||
|Detailed statement
offinancial|activities|13|
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|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|||||||
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|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|
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|||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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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)|