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|ONTENTS||
|---|---|
|ORIGINS OF THE CHARITY||
|STRUCTURE AND GOVERNANCE||
|ACHIEVEMENTS
AND PERFORMANCE||
|FINANCIAL REVIEW.||
|TRUSTEE RESPONSIBILITIES.||
|INDEPENDENT AUDITOR'S REPORT||
|STATEMENT OF FINANCIAL ACTIVITIES..||
|BALANCE SHEET||
|NOTES TO THE FINANCIAL STATEMENTS||
|REFERENCE AND ADMINISTRATION|DETAILS.|
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|malgama|ted
the following|three chariti|es:|||||
|---|---|---|---|---|---|---|---|
|Charl|name||Hlsto|||||
|City of London Freemen's||Houses|Regulated
by|a conveyance||dated|1|
||||January 1848and comprised|||in a||
||||Scheme ofthe Charity Commissioners|||||
||||ofthe19Au|ust1975||||
|Roger's|Almhouses||Comprised
in|a declaration|oftrust|||
||||dated 15Jul|1858||||
|Brown's|GiR||Regulated
by|declaration|of|trust dated||
||||22 March 1934|||||
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|||||||||2020/21|2019/20|
|---|---|---|---|---|---|---|---|---|---|
||||||Unresbicted|Restricted|Endowment|Total|Total|
|||||Notes|Furds|Funds|Funds|Funds|Funds|
||||||||||5|
|Income from:||||||||||
|Charibtble
acfiviTies||||2|314,966|||314,966|301,098|
|Investments||||3|39,324|||39324|32,731|
|Total Income|||||354,290|||354,290|333,829|
|Expenditure on:||||||||||
|Raising funds||||4|350|||350|892|
|Charitable
acgvilies||||5|269,865|||289,885|254,329|
|Total ex endgure|||||270,215|||270,215|255,221|
|Net gains/(losses)|on investments|||10|150,244|||150,244|(139,703)|
|Net gains/(losses|on short|term deposit|||564|||564||
|Net movement
In|investment||||150,808|||150,808|(139,703)|
|Net Income/(expenditure)||and net movement|in funds||234,883|||234,883|(61,095)|
|Reconciliation offunds:||||||||||
|Tolal funds brought|forward|||15|1,514,623|1,319,751|37,648|2,872,022|2,933,117|
|Total funds carried forward||||15|1,749,506|1,319,751|37Ir48|3,108,905|2II72,022|
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||||Notes|2021|2020|
|---|---|---|---|---|---|
|||||Total|Total|
|||||8|8|
|Fixed assets:||||||
|Tangible assets
Investments|||9
10|1,764,496
1,690,267
761133610889||
|Total fixed assets||||2sas 829|2.30«se|
|Current assets
Debtors|||11|17,28344,980||
|Cash at bank and|In|hand||Tst Tss|7es,ogg|
|Total current assets||||809,078|810,079|
|Creditors: Amounts||falling due within one year|12|(85,851)|(80,811)|
|Net current assets||||723227|729267|
|Total assets less|current SabSltles|||S,248856|3.030,424|
|Creditors: Amounts||faSlng due after mors than one year|13|(141,951)|(158,402)|
|Total net assets||||3,106,905|2,872,022|
|The funds ofthe|charity:|||||
|Endowment
funds|||15|37,648|37,648|
|Restricted funds|||15|1,$19,751|1,319,751|
|Unrestricted
funds|||15|1,749,606|1,514,623|
|Total funds||||3106906|2,872,022|
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|||||Unrestricted|Unrestricted|funds|Unrestricted|Unrestricted|funds|funds|
|---|---|---|---|---|---|---|---|---|---|---|
|||||Direct|Support|Total|Direct|Support||Total|
|||||costs|costs|2020/21|costs|costs||2019/20|
|||||f|f|f|f|f||f|
|Almshouses|running||costs||||||||
|Management|||||110,589|110,589||82,055||82,055|
|Services||||95,478||95,478|94,415|||94,415|
|Routine maintenance||||22,086||22,086|39,735|||39,735|
|Planned
maintenance||||13,941||1$,941|20,308|||20,308|
|Supplementary||Revenue Projects||554||554|10,516|||10,516|
|Contributions||to Funds and Provisions||19,917||19,917|||||
|Depreciation||ofhousing properties||7,300||7,300|7,300|||7,300|
|Total||||159,276|110,589|269,865|172,274|82,055||254,329|
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|Within charitable
activities are the s|ervices costs, comprised
of:||
|---|---|---|
||2020/21|2019/20|
||f|f|
|Lighting|3,554|1,057|
|Matrons|52,972|46,371|
|WIndow Cleaning|1,473|8&4|
|Water Rates|(21)|(83)|
|Groundsman|25,904|24,875|
|Rent|5,595|7,177|
|Council Tax|4,351|11,659|
|Pest Control|540|2,475|
|Total|95478|94,415|
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|harity|wer|e as f|ollows:|||
|---|---|---|---|---|---|
|||||2020/21|2019/20|
|||||f|f|
|Salaries|and|wages||59,$99|53,688|
|National|Insurance||costs|6,075|5,351|
|Employer's||pension|contributions|13,402|12,207|
|Total emoluments|||ofemployees|78476|71,246|
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|TANGIBLE FIXED|ASSETS|||
|---|---|---|---|
||Land and Buildings|Work in|Total|
|||Progress||
|Cost||||
|At 1April 2020|1,763,430|85,587|1,849,017|
|Additions||81,529|81,529|
|Dis oasis||||
|At 31March 2021|1,763,430|167,116|1,930,546|
|Depreciation||||
|At 1April 2020|158,750||158,750|
|Charge forthe year|7,300||7,500|
|Disposals||||
|At 31March 2021|166,050||166,050|
|Net book value||||
|At31March 2021|1,597,380|167,116|1,764,496|
|At 31March 2020|1,604,680|85,587|1,690,267|
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|he value of|investme|nts
held by the charity a|re as follows:||
|---|---|---|---|---|
||||2021|2020|
|||||k|
|Market value|1 April||810,889|1,183,278|
|Disposals||||(432,686)|
|Gain/ (loss) for the year|||150244|139703|
|Market value|31 March||781,133|610889|
|Cost 31 March|||417370|417370|
|Units held
in|Charities|Pool|88077|86077|
||||Total at 31|Total at 31|
|---|---|---|---|---|
||||March 2021|March 2020|
||||8||
|Equities|||710,058|542,363|
|Pooled Units|||40,717|44,065|
|~Cesh held h|Fund uen|er|10380|24,461|
|Total|||761,133|610889|
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||2021|2020||
|---|---|---|---|
|||E||
|Trade creditors|70,988||57,987|
|Other creditors|12,234||22,824|
|Deferred income|2831|||
|Total|85851||80,811|
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|||||2021|2020|
|---|---|---|---|---|---|
|||||E|E|
|Deferred|income|||141,951|145,440|
|Other creditors|||||12962|
|Total||||141951|158,402|
|||||2021|2020|
|Deferred|Income|analysis within creditors:||E|E|
|Balance|at 1st April|||145,440|145,440|
|Amounts|released|to income||||
|Amounts|deferred|in the|ear|858||
|Balance|at 31 March|||144,582|145,440|
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||Unrestricted|funds|||||
|---|---|---|---|---|---|---|
|||||Endowment|Total at|Total at|
|||Designated||funds|31March|31 March|
||General funds|furds|||2621|2020|
||2|2|6||8|6|
|Tangible fixed assets|277,629|167,116|1,319,751||1,764P96|1,690,267|
|Fixed assets - irwsetments|686,468|175,675|||781,133|610,889|
|Current essels|771,430|||37,648|809,678|810,079|
|Total fiabfiltlss|227802)||||227
02|239,213|
|Total|1,406,716|342,791|1,319,761|37,648|3,168906|2,872,022|
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||Unrestricted|funds|||||
|---|---|---|---|---|---|---|
||||Restricted funds|funds|Tolal at
31 March|Total at
31 March|
||General funds|funds|||2020|2019|
||f|6|2||||
|Tangible fixed assets|284,929|85,687|1,319,751||1,690,267|1,643,312|
|Fixed assets - investments|468,968|161,931|||610,889|1,183,278|
|Current asseh|772,431|||37,646|810,079|348,837|
|Total fiabilities|(239,213)||||239213|~242,310|
|Total|1,277,106|237,518|1,319,751|37,648|2,872,022|2,933,117|
##
|||||||Total as at|
|---|---|---|---|---|---|---|
||Total as at 1|||Gains &||31 March|
|At31March 2021|April 2020
2|fitcome
F|Expenditure
8|(losses)
2|Transfers
F|2021
f|
|Endowment
funds:|||||||
|Permanent
endowment|37,648|||||37,848|
|Restricted funds:|||||||
|Social Housing Grant|1,319,751|||||1,319,751|
|Unrssb icted funds:|||||||
|General funds|1,277,105|354,290|(270,215)|127,064|(81,529)|1,40$,715|
|Designated
ftsxfs:|||||||
|Cyclical repairs|36,000||||~|36,000|
|Capital reserves fund|85,587||||81,529|1$7,118|
|Extraordinary
repairs|115,931|||23,744|-|139,875|
|Total unrssbicted
funds|1,514,623|354,290|(270,215)|150,808|-|1,749,508|
|Total funds|2,872,022|354,290|270,215|150,808||3,10$,905|
|||||||Total as at|
|---|---|---|---|---|---|---|
||Total as at|||Gains &||31 March|
|At31 March 2020|1 April 2019|btcome|Etrpendltura|(losses)|Transfers|2020|
||5|5|8|5|5|5|
|Endowment
funds:|||||||
|Permanent
endowment|37,648|||||37,648|
|Restricted funds:|||||||
|Social Housing
Grant|1,319,751|||||1,319,751|
|Unresbicted
funds:|||||||
|General funds|1,370,377|333,829|(255,221)|(117,625)|(54,255)|1,277,105|
|Designated (tide:|||||||
|Cyclical repaim|36,000|||||36,000|
|Capital resenres fund|31,332||||54,255|85,587|
|Etrbaordine
re airs|138009|||22,078|-|115,931|
|Total unrestricted fels|1,575,718|333829|255221|139,703|-|1,514.623|
|Total funds|2.933,117|333.829|255,221|139703|-|2872,022|
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|Related party|||||||
|---|---|---|---|---|---|---|
|transactions|||||||
|||||||Detail of|
|Related party|Connected||party|2020/21|2019/20|transaction|
|||||f|f||
||The City of|London|||||
|City of London|Corporation|isthe Trustee||81,988|28,806|Distribution
from|
|CorporatIon|for the charity|||(nil)|(nil)|the Charities
Pool|
|||||||SirThomas Gresham|
|||||||Charity entered|
|||||||into a 125year|
|||||||lease ofthe site|
|SirThomas||||||from CoLA as per|
|Gresham|The City of|London||||the agreement|
|Charity|Corporation|is the Trustee||8,489|Nil|dated|
|(221982)|for the charity|||(141,851)|(145,440)|7 December 1994|
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