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2021-06-30-accounts

Pages
Trustee, advisers and principal staff
Trustee's report 2-5
Statement ofTrustee's responsibilities
Independent
auditor's		 report 7-10
Statement offinancial activiiies
Balance sheet 12
Cash flow statement 13
Notes to the financial statements 14-27

Unrestricted Restricted Total Total
Notes Funds Funds 2021 2020
Income from:
Donations
and legacies		 2 11,020 2,688 13,708 6,905
Other trading activities 3 428,155 428,155 411,864
Investments 3 17,338 31,011 48349 52,364
Charitable
activities		 3 43,271 4,470 47,741 63,600
Fund raising activities 3 16,229
Total income 499,784 38,168 537,952 550,962
Expenditure
on:
Raising funds
sea		 5 20 20 8,800
Charitable
activites		 5 183,475 110,376 293,851 301,231
Grants 8 2,849 2,849
Other tmding
activities		 4/6 254,760 254,760 241,264
Total expenditure 441,084 110,396 551,480 551,295
Realised Gains/(losses) on investments 69,249 40,346 109,595 14,931
Unrealised
Gains/(losses)		 on investment assets: 10 355,575 133,701 489,276 (103,666)
Other Gains/(los
)		 10 128,895 128,895 (50,169)
Net income/(expenditure) 612,419 101,820 714,239 (139,237)
Reconciliation offunds
Fund balances brought forward 2,740,059 1,138,509 3,878,568 4,017,804
Fund balances carried forward
at30June 2021 18 3,352,478 1,240,329 4492,807 3,878,567

Income Income from Donations
and		 legacies
Relief of
Poverty Training & Preservation Total Total
&Other Education 2021 2020
Donations 11,020 2,688 13,708 6,905
Legacies
11,020 2,688 13,708 6,905
Unrestricted funds 11,020 11,020 5,705
Restricted funds 2,688 2,688 1,200
11&020 2,688 13,708 6,905

Relief of
Poverty Trainiag & Preservation Total Total
&Other Education 2021 2020
Other trading income - market rentals 428,155 428,155 411,864
Investment income 35,136 13,212 48,348 52,364
Bank interest 12 2 16 251
Fundraising 16,229
Provision ofsocial housing 41,520 41,520 44,547
Other income from charitable activities 1,739 4,466 6,205 18,801
506,562 17,679 524,244 544,056
Unrestricted funds 488,763 488,763 462,593
Restricted funds 17,799 17,679 35,481 81,463
506,562 17&679 3 524,244 544,056

ance Shee t as at 3 0June 2021
Unrestricted Restricted Total Total
Notes Funds Funds 2021 2020
Fixed assets
Tangible
assets
Freehold housing properties
at Hastings 307,496 307,496 311,439
Freehold property improvement 51,090 51,090 58,184
Motor car 242 242 729
Fixtures and fittings 218,134 218,134 172,895
Company
Barge		 36,205 36,205 37,928
Artefacts 5,878 5,878 5,878
576,962 42,083 619,045 587,053
Investments
Share in Investment Assets 10 1,878,637 1,073,185 2,951,822 2,435,919
Other investments 10 799,035 799,035 670,140
2,677,672 1,073,185 3,750,857 3,106,059
Total fixed assets 3,254,634 1,115,268 4,369,902 3,693,112
Current
assets
Debtors 10,556 4,868 15,424 20,027
Cash at bank and in hand 147,928 121,292 269,220 211,283
158,484 126,160 284,644 231,310
Creditors:
amounts		 falling
due within one year 12 (60,640) (1,099) (61,739) (45,854)
Net current assets 97,844 125,061 222,905 185,456
Net assets 3,352,478 1,240,329 4,592,807 3,878,568
Fund Balances
Unrestncted
funds
General Fund 2,553,443 2,553,443 2,069,919
Restocted funds 19 1,240,329 1,240,329 1,138,509
Designated
Funds		 10 799,035 799,035 670,140
3,352,478 1,240,329 4,592,807 3,878,568
Statement of cash flow at 30June 2021 cash flow at 30June 2021 cash flow at 30June 2021 cash flow at 30June 2021 cash flow at 30June 2021
Notes 2021 2020
Net cash (outflow)/ from operating
activities		 20 15,272 (26,422)
Cash flows from investing activities
Dividends
and interest from investments		 48,348 52,364
Proceeds fiom sales ofinvestments 874,726 421,879
Purchases ofinvestments (791,807) (383,534)
Purchase ofgsed assets (88,602) (87,370)
Net cash provided
(used		 in) fund activities 42,665 3,339
Change
in cash by/(used		 in) equivalents in the reporting period 57,937 (23,083)
2021 2020
Cash and cash equivalents at the beginning ofthe reporting period 211,283 234,366
Cash and cash equivalents at the end the reporting period 269)220 211,283
57)937 (23,083)

4 Employee and administration
costs
Housing Service Total Total
Management Costs 2021 2020
8 g
Direct employees
Salaries 4,366 45,027 49,393 48,965
Social security 208 2,144 2,352 1,876
Pension costs 140 1,443 1,582 1,599
4,713 48,614 53,328 52,440
Administration expenses 17,286 178,254 195,540 184,721
Strutt Parker management fees 26,204 26,204 20,986
Doggets ager Costs 6,265
21,999 253,072 275,071 264,412

Relief of
Pomrty Trainiag & Presermtion Total Total
Notes &Other Education 2021 2020
Rates 7,216 7,216 4,427
Management &Accommodation 13,407 13,407 13,601
Other expenditure on pm p erty 46,486 46,486 47,735
Repairs and maintenance 79,428 79,428 66,968
Appmntices &Training Costs 5,500 5,500 26,456
Apprentices &Training Officers 45,436 45,436 57,764
Insurance 26,149 4,701 30,851 21,781
Depreciation 1,712 1,712 1,712
Sundry expenditure 12,391 584 12,975 10,743
Support costs 21,999 21,999 23,147
Governance costs 23,338 5,482 28,820 26,897
Fundraising 20 20
217,010 76,822 20 293,851 310,031
Unrestricted funds
General Fund 183,475 183,475 167,504
Restricted
funds		 33,534 76,822 20 110876 142,527
217,010 76,822 20 293,851 310,031
6 Recharges from Watermens 6 Recharges from Watermens 6 Recharges from Watermens Hall Limited
Relief of Total
Poverty Training & Total Total
&Other Education Preservation 2021 2019
8 8
Included
in Haasmg		 Management
and Service costs
Manasement fees 73,460 73,460 73,499
Accomodation costs 64,797 64,797 52,249
Included in Support casts
Maoagement fees 7,124 7,124 7,950
Accomodatioo costs 6,284 6,284 5,651
Salaries and related costs 45,436 45,436 57,764
138,257 58,843 197,100 197,113

2021 2020
Audit fcc 8,760 8,580
Investment Managers fees 20,060 18,317
28&820 26,897
Restricted Philip Henman Foundation 5,482 5005
Restricted John Dudin Brown 7,385 6,743
Unrestricted 15,954 15,149
28,820 26&897

Grants
2021 2020
Grants made during the year 3,331
Library Committee 2,849
Total grants paid during the year 2,849 3,331
Restricted 3,331
Unrestricted 2,849
Total gmnts paid during the year 2,849

Freehold I'reebold Freehold
housiag Motor Fixtures
and		 Artefacts property Company Total
properties
f		 fittiags improve me n 1 Barge 2021
f		 2020
Cost
At
1 July 2020		 394,243 7,844 554,111 5,878 83,455 43,074 1,088,605 1,229,110
Additions 88,602 88,602 87,370
Dispo sale (79,763) (79,763) (213,462)
At 30June 2021 394,243 7,844 562,950 5,878 83,455 43,074 1,097,444 1,316,480
Depreciation
At
1 July 2020		 82,804 7,115 381,215 25,271 5,146 501,551 674,816
Charge for the year 3,943 43,364 7,094 1,723 56,611 54,611
Dispusats (79,763) (79,763) (213,462)
At 30June 2021 86,747 7,602 344,816 32,365 6,869 478,399 729,427
Net book value
At 30June 2021 307,496 242 218,134 5,878 51,090 36,205 619,045 587,053
Net book value
At 30June 2020 311,439 729 172,895 5,878 58,184 37,928 587,053 554,294

Other Investments —Extra Ordinary-Repair fund 2021 2020
Opening market value 670,140 720,309
Gains/(losses)/gains
on		 revaluation 128,894 (50,169)
Closing market value 799,035 670,140
Market value at 1 July 2020 Market value at 1 July 2020 Market value at 1 July 2020 2,435,869
2,435,869
Additions at cost 791,807
Disposals ~765 135
2,462,546
Unrealised Gains/(losses) year 489,276
Market value at 30June 2021 2,951,822
Cost Holding
Value		 2,044,984
Restricted 1,261,436
Unrestriced 1,690,386
2,951,822

11
Debtors
2021 2020
Due fi'om The Company ofWatermen and Lightermen of
The River Thames, its subsidiary company and its other charities 1,065 562
Trade debtors 855 1,556
Outstanding
rentals		 990 2,575
Taxation recoverable 1,479 1,076
Prepayments
and accrued income		 8,971 12,892
Other debtors 2,064 1,366
15,424 20,027

2021 2020
Other creditors 2,259 430
Trade creditors 16,445 8,376
Accruals and deferred income 33,881 24,924
Due to HMRC 1,106 566
Due to The Company ofWatermen and Lightennen of
The River Thames, its subsidiary company and its other charities 8,048 11,588
61,739 45,854

At t he year-end th e follo wing balances were outstanding:
2021 2020
Due to Watermens Hall Limited 8,048 11,558
Due &om The Company ofWatermen and Lightermen ofthe River Thames 1,065 562

2021 2020
Management costs recharged from
The Company ofWatermen and Lightermen ofthe 80,584 81,448
River Thames to the Charity
Rowing Officer, Training
Officer and others		 45,436 57,764
Accommodation
costs recharged from Watermens		 Hall 71,081 57,900
Limited

18
Reconciliation		 18
Reconciliation		 ofnet movements ofnet movements in funds to closing fund balances closing fund balances
Unrestricted Restricted Total Total
Funds Funds 2021 2020
Balance at 01.07.2020 2,740,059 1,138,509 3,878,568 4,017,804
Income 499,784 38,168 537,952 550,962
Expenditure (441,084) (110,396) (551,480) (551,295)
Unrealised gains/ (losses)/on investments 553,719 174,048 727,767 (138,904)
Fund Balances at 30.06.2021 3852,478 1,240&329 4,592,807 3,878,567

Realised/
Unrealis ed
Totals Income on Totals
2020 Income Mpendtture Investment 2021
Asset
Training and Education a 3,137 183 (1,282) 2,614 4,651
Tour ofEast London-training for
apprentices
tromEast London		 boroughs
DR Henman initial investment b 4,044 234 (1,172) 3,129 6,234
Other donations
from the PhiTip		 d 51,203 10,141 (17,362) 39,335 83817
Henman Foundation
Legacy e 168,176 9,807 (57,025) 128,972 249,931
John Dudin
Trust
funds forthe repairs, maintenance 847,654 17,799 (33,535) 831,918
and insurance ofthe Almshouses
graterm en 's Hall Preservation
Trust - funds forthe preservation g 64,295 3 (20) 64,278
ofWaterman's
Hall.
1,138,509 38,167 (110,397) 174,050 1,240,329

20
Reconc
activities.		 iliati on ofnet movements
in fun		 ds to net cash flow from op
2021 2020
8
Net income/(expenditure) for the reporting period 15,255 (333)
Adjustments
for
Depreciation 56,611 54,611
Dividends
and interest		 (48,348) (52,364)
Decrease/(increase) in debtom (23,182) (2,080)
Increase/(decrease) in creditors 135,378 (26,256)
Net cash provided by (used in) investing activities 135,714 (f26,422)