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|Contents|||Page|
|---|---|---|---|
|Trustee's|Report||1-7|
|Independent
Auditor's||Report|8-10|
|Statement|ofFinancial|Activities||
|Balance Sheet|||12|
|Notes to|the Financial|Statements|13-20|
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|Almshouses||address:|272 Consort Road||||
|---|---|---|---|---|---|---|
||||London||||
||||SE153SD||||
|Administration||address:|Girdlers'
Hall, Basinghall||Avenue,||
||||London EC2V 5DD||||
|Almshouse|Manager;||Mr Mark Harris||||
||||14Beeston's House||||
||||272 Consort Road||||
||||London SE153SO||||
|Bankers:|||National
Westminster
P0Box712|Bank pic|||
||||94 Moorgate||||
||||London
EC2M 6XT||||
|Auditor:|||Saffery Champness|LLP|||
||||71 Queen Victoria Street||||
||||London||||
||||EC4V 4BE||||
|Investment||Manager:|Waverton
Investment|Management||Ltd|
||||16Babmaes Street||||
||||London||||
||||SW1Y6AH||||
|Solicitor.|||Pemberlon
Greenish||||
||||45 Cadogan
Gardens||||
||||London||||
||||SW3 2AQ||||
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||Extraordinary|||Totai|Total|
|---|---|---|---|---|---|
|Notes|Repair
Fund|Unrestricted
Funds|Permanent
Endowment|Funds
2021|Funds
2020|
|Income and endowments|from:|||||
|Donations 8legacies|||||527|
|Investments||48,123||48,123|57,790|
|Chaditable
activities||107,895||'f07,895|102,135|
|Total Income||156,018||156,018|160,452|
|Expenditure
on||||||
|Raising Funds
Charitable
activities|44,448|15,872
1'l4,932||15,872
159,380|10,320
116,943|
|Total expenditure|44,448|130,804||175,252|127,263|
|Income before /(losses)
/ gains on investments|(44,448)|25,214||(19,234)|33,189|
|Net gains on investments||387,483||387,483|85,371|
|Transfer|10,000|(10,000)||||
|Net movement
in funds|(34,448)|402,697||368,249|118,560|
|Balances brought
forward at
30"September 2020|57,149|2,465,S68|1,238,250|3,761,267|3,642,707|
|Balances carried forward||||||
|at 29'" September 2021|22,701|2,868,565|1,238,250|4,129,516|3,761,267|
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|Balance|s|heet|a|s at 29 Septemb|er
2021|||
|---|---|---|---|---|---|---|---|
||||||notes|2021|2020|
|||||||E|E|
|Fixed Assets||||||||
|Investment|||||6 (a)|2,808,881|2,435,644|
|Almshouses|||||6 (b)|1,138,250|1,138,250|
|Investment|(agricultural|||land)|6(c)|100,000|100,000|
|||||||4,047,131|3,673,894|
|Current assets||||||||
|Debtors||||||15,144|20,415|
|Cash at bank||||||129,837|96,640|
|||||||144,981|117,055|
|Creditors:|amounts||failing due within one|||(62,596)|(29,682)|
|year||||||||
|Net current||assets||||82,385|87,373|
|Net assets||||||4,129,516|3,761,267|
|Funds||||||||
|Permanent|endowment|||||1,238,250|1,238,250|
|Extraordinary
Unrestricted||repair fund
—general fund||||22,701
2,868,565
4,129,516|57,149
2,465,868
3,761,267|
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|||2021|2020|
|---|---|---|---|
||||8|
|Rent from Romney
investment
income
Investment
income
Bank interest|Marsh
—Equities
—Fixed interest|3,300
44,811
12|3,300
49,921
4,345
224,|
|Total incoming
resources||48,123|57,790|
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|||Extraordinary|Unrestricted|2021|2020|
|---|---|---|---|---|---|
|||Repair Fund||||
|Entertainment|||231|231|670|
|Cleaning
Light and Heat
Garden and tree maintenaiice|||3,493
2,336
4,758|3,493
2,336
4,758|5,261
3,037
2,565|
|Insurance|||2,683|2,683|4,744|
|Repairs and maintenance
Telephone
Manager's
salary costs
Apportioned
salary costs
Water rates||44,448|14,734
775
41,032
34,814
477|59,182
775
41,082
34,814
477|16,533
1,046
40,769
34,033
165|
|Sundries|||349|349|1,203|
|Aid cail|||438|438|1,034|
|Council tax on vacant units|||||'I60|
|Hampeis/cakes
and donations
Governance
costs|||2,487
6,325|2,487
6,325|1,703
4, DDD|
|||44,448|114,932|159,380|116,943|
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|Staff costs||||
|---|---|---|---|
|||2021|2020|
||||6|
|Wages and salaries
Employer's
NIC
Pension cost||58,230
7,333
10,283|58,167
6,784
9,851|
|||75,846|74,8D2|
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||||Tataf|Total|
|---|---|---|---|---|
|||Unrestricted|Funds|Funds|
|||Funds|2D21|2020f|
|Listed investments
Cash awaiting
re-investment||2,782,092
26,789|2,782,092
26,789|2,302,394
133,250|
|||2,808,881|2,808,881|2,435,644|
|Market value of listed investments|||||
|30 September
Additions
Disposals
Unrealised
gain|2020|2,302,394
637,161
(632,706)
375,243|2,302,394
637,161
(532,706)
375,243|2,253,999
1,843,175
(2,213,247)
347,652|
|Market Value|||||
|29 September 2021||2,782,092|2,782,D92|2,302,394|
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|Debtors||2021|2020|
|---|---|---|---|
|||6|6|
|Other debtors
and prepayments
Funds due from investment
manager
Rent due||5,154
9,990|6,360
12,405
1,650|
|||15,144|20,415|
|Creditors:|Amounts
falling due within one year|2021|2020|
|Audit and accountancy
Investment
manager's
fees
Amounts
due tothe Girdlers' Company
Other creditors||4,500
3,700
612
53,784|4,0DO
2,875
18,967
3,824|
|||62,596|29,666|
|r ended 29"Se|
ptember
202't||||||
|---|---|---|---|---|---|---|
|Fund|Balance|income|Expenditure|Transfers|Gains and
Losses|Balances
cfwd|
||5|||F|||
|ERF
Unrestricted
Perm endow't
Total|57,149
2,465,868
1,238,250
3,761,267|156,018
156,018|(44,448)
(130,804)
175,252|10,000
(10,0DO)|387,483
387,483|22,7D1
2,868,565
1,238,250
4,129,516|
|r ended 29" September
2D20|||||||
|Fund|Balance
B&d|income|Expenditure|Transfers|Gains and
Losses|Balances
cfwd|
||8|||6|8|6|
|ERF
Unrestricted
Perm endow't
Total|60,025
2,344,432
1,238,250
3,642,707|769
159,683
160,452|(127,263)
127,263||(3,645)
89,016
85,371|57,149
2,465,868
1,238,250
3,761,267|
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|||Extraordinary|||
|---|---|---|---|---|
||Permanent|Repair|General||
||Endowment|Fund|Fund|Total|
||5||||
|Fixed asset investments
Net current assets|1,238,250|22,701|2,786,180
82,385|4,047,131
82,385|
||1,238,250|22,701|2,868,565|4,129,516|
|As at 29'" September 2020|||||
|||Extraordinary|||
||Permanent|Repair|General||
||Endowment
5|Fund|Fundf|Total
5|
|Fixed asset investments
Net current assets|1,238,250|57,149|2,378,495
87,373|3,673,894
87,373|
||1,238,250|57,149|2,465,868|3,761,267|
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|Notes|Extraordinary
Repair
Fund|ulnrestrlcte
d
Funds|Permanent
Endowment|Total
Funds
2020|Total
Funds
2019|
|---|---|---|---|---|---|
|Income and endowments|from:|||||
|Donations 8 legacies||527||527||
|Investments|769|57,021||57,790|76,295|
|Charitable
activities||102,135||102,135|95,781|
|Total Income|769|159,683||160,452|172,076|
|Expenditure
on
Raising Funds
Charitable
activities
4||10,320
'I16,943||10,320
116,943|8,959
159,819|
|||127,263||127,263|168,778|
|Total expenditure||||||
|Income before
gains/(! osses)|769|32,420||33,189|3,298|
|on investments||||||
|Net gains on investments|(3,645)|89,0'l6||85,371|73,559|
|Net movement
in funds|(2,876)|121,436||118,560|76,857|
|Balances brought
forward||||||
|at
30'"September 2019|60,025|2,344,432|1,238,250|3,642,707|3,565,850|
|Balances carried forward
at 29'" September 2020|57,149|2,465,868|1,238,250|3,761,267|3,642,707|