2023-09-29-accounts

Contents	Page
Trustee’sReport	1-7
IndependentAuditor'sReport	8-10
StatementofFinancialActivities	11
BalanceSheet	12
NotestotheFinancialStatements	13-20

Almshousesaddress:	272ConsortRoad
	London
	SE153SD
Administrationaddress:	Girdlers’Hall,BasinghallAvenue,
	LondonEC2V5DD
AlmshouseManager:	MrMarkHarris
	14Beeston’sHouse
	272ConsortRoad
	LondonSE153SD
Bankers:	NationalWestminsterBankplc
	PO Box712
	94Moorgate
	LondonEC2M6XT
Auditor:	SafferyLLP
	71QueenVictoriaStreet
	London
	EC4V4BE
InvestmentManager:	WavertonInvestmentManagementLtd
	16BabmaesStreet
	London
	SW1Y6AH

		Extraordinary			Total	Total
		Repair	Unrestricted	Permanent	Funds	Funds
	Notes	Fund	Funds	Endowment	2023	2022
		£	£	£	£	£
Incomeandendowmentsfrom:
Donations& legacies		-	-	-	-	1,500
Investments	3	-	46,109	-	46,109	39,756
Charitableactivities		-	113,340	-	113,340	109,213
TotalIncome		-	159,449	-	159,449	150,469
Expenditureon
RaisingFunds		-	14,668	-	14,668	14,429
Charitableactivities	4	48,285	258,636	-	306,921	138,021
. Totalexpenditure		48,285	273,304	-	321,589	152,450
NetExpenditurebefore
gains/(losses)on		(48,285)	(113,855)	-	(162,140)	(1,981)
investments
Netgain/(loss)on investments		:	251,248	.	251,248	(231,890)
Net€&xpenditure)“income beforetransfers		(4g95)	137,393		89,108	233,871
Transfer		20,000	(20,000)	-		-
Netmovementinfunds		(28,285)	117,393	-	89,108	(233,871)
Balancesbroughtforwardat
30"September2022		37,701	2,619,694	1,238,250	3,895,645	4,129,516
Balancescarriedforward
at29'"September2023		9,416	2,737,087	1,238,250	3,984,753	3,895,645

	notes	2023	2022
		£	£
FixedAssets
Investment	6(a)	2,619,241	2,562,263
Almshouses	6(b)	1,138,250	1,138,250
Investment(agriculturalland)	6(c)	100,000	100,000
		3,857,491	3,800,513
Currentassets
Debtors		9,217	15,557
Cashatbank		165,859	127,133
		175,076	142,690
Creditors:amountsfallingduewithin oneyear		(47,814)	(47,558)
Netcurrentassets		127,262	95,132
Netassets		3,984,753	3,895,645
Funds Permanentendowment Extraordinaryrepairfund Unrestricted— generalfund		1,238,250 9,416 2,737,087 3,984,753	1,238,250 37,701 2,619,694 3,895,645

InvestmentIncome
	2023	2022
	£	£
RentfromRomneyMarsh	3,300	3,300
Investmentincome- Equities	41,977	36,392
Bankinterest	832	64
Totalincomingresources	46,109	39,756

	Extraordinary	Unrestricted	2023	2022
	RepairFund
	£	£	£	£
Entertainment	-	3,385	3,385	1,876
Cleaning	-	4,462	4,462	3,253
Lightandheat	-	6,570	6,570	2,533
Gardenandtreemaintenance	-	6,271	6,271	4,650
Insurance	-	3,707	3,707	2,853
Repairsandmaintenance	48,285	119,015	167,300	20,515
Telephone	-	647	647	864
Manager'ssalarycosts	-	50,267	50,267	44,152
Apportionedsalarycosts	-	53,892	53,892	46,809
Waterrates	-	455	455	567
Sundries	-	1,097	1,097	429
Aidcall	-	1,041	1,041	894
Hampers/cakesanddonations	-	1,684	1,684	2,521
Governancecosts	-	6,143	6,143	6,105
	48,285	258,636	306,921	138,021

Staffcosts
	2023	2022
	£	£
Wagesandsalaries	79,947	70,999
Employer'sNIC	10,318	8,279
Pensioncost	13,894	11,683
	104,159	90,961

	Total	Total
	Funds	Funds
	2023	2022
	£	£
Listedinvestments	2,540,170	2,426,772
Cashawaitingre-investment	79,071	135,491
	2,619,241	2,562,263
Marketvalueoflistedinvestments
30September2022	2,426,772	2,782,092
Additions	310,270	682,950
Disposals	(448,302)	(859,288)
Unrealisedgain/(loss)	251,430	(178,982)
MarketValue
29September2023	2,540,170	2,426,772

Debtors	2023	2022
	£	£
Otherdebtorsandprepayments	4,477	5,103
Fundsduefrominvestmentmanager	3,090	8,804
Rentdue	1,650	1,650
	9,217	15,557
Creditors:Amountsfallingduewithinoneyear	2023	2022
	£	£
Auditandaccountancy	6,000	5,520
Investmentmanager’sfees	3,800	3,400
AmountsduetotheGirdlers’Company	23,956	37,017
Othercreditors	14,058	1,621
	47,814	47,558
Outlinesummaryoffundmovements
Yearended29September2023

	Fund	Balance bfwd	Income	: Expenditure’	Transfers	Gainsand Losses	Balances cfwd
		£	£	£	£	£	£
ERF		37,701	-	(48,285)	20,000	-	9,416
Unrestricted		2,619,694	159,449	(273,304)	(20,000)	251,248	2,737,087
Perm	endow’t	1,238,250	-	-	-	-	1,238,250
Total		3,895,645	159,449	(321,589)	-	251,248	3,984,753
t29%	September	2022
	Fund	Balances bfwd	Income	Expenditure P	Transfers	Gainsand Losses	Balances cfwd
		£	£	£	£	£	£
ERF		22,701			15,000		37,701
Unrestricted		2,868,565	150,469	(152,450)	(15,000)	(231,890)	2,619,694
Perm	endow't	1,238,250	-	-	-	-	1,238,250
Total		4,129,516	150,469	(152,450)	-	(231,890)	3,895,645

		Extraordinary
	Permanent	Repair		General
	Endowment	Fund		Fund	Total
	£	£		£	£
Propertyandinvestments	1,238,250		-	2,619,241	3,857,491
Netcurrentassets		9,416		117,846	127,262
	1,238,250	9,416		2,737,087	3,984,753
Asat29!"September2022
		Extraordinary
	Permanent	Repair		General
	Endowment	Fund		Fund	Total
	£	£		£	£
Fixedassetinvestments	1,238,250	57,701		2,524,562	3,800,513
Netcurrentassets			.	95,132	95,132
	1,238,250	57,701		2,599,833	3,895,645

		Extraordinary			Total	Total
		Repair	Unrestricted	Permanent	Funds	Funds
	Notes	Fund	Funds	Endowment	2022	2021
		£	£	£	£	£
Incomeandendowments		from:
Donations& legacies		-	1,500	-	1,500	-
Investments	3	-	39,756	-	39,756	48,123
Charitableactivities		-	109,213	-	109,213	107,895
TotalIncome		-	150,469	-	150,469	156,018
Expenditureon
RaisingFunds		-	14,429	-	14,429	15,872
Charitableactivities			138,021	-	138,021	159,380
Totalexpenditure		-	152,450	-	152,450	175,252
NetExpenditurebefore
(losses)/gainson		-	(1,981)	-	(1,981)	(19,234)
investments
Net(loss)/gainon investments		-	(231,890)	-	(231,890)	387,483
Transfer		15,000	(15,000)	-	-	-
Netmovementinfunds		15,000	(248,871)	-	(233,871)	368,249
Balancesbroughtforwardat
30'"September2021		22,701	2,868,565	1,238,250	4,129,516	3,761,267
Balancescarriedforward
at29"September2022		37,701	2,619,694	1,238,250	3,895,645	4,129,516