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|Contents Page|Contents Page||||
|---|---|---|---|---|
|Reference and administrative||details ofthe charity.|.||
|Trustees'
Report. .|||||
|Independent
auditor's|report|to United StSaviour's|Charity. ...|.....17|
|Statement
of Financial|Activities.|||21|
|Balance Sheet||||22|
|Statement
ofCash Flows ..||||23|
|Notes to the Accounts|.....|||24|
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|Unres|tricted
Funds (Note|25a) less Tangible
Fixed|Assets (Unrestrict|ed))||
|---|---|---|---|---|---|
|||||31.03.2021|31.03.2020|
|Total|Unrestricted
Funds —General Funds (Note 24a)|||4,748,273|3,045.303|
|Less:|Tangible
Fixed Assets (Note 25a)|||(1,788,025)|(27,817)|
||Investment
Property|(Note 18)less borrowings|against|||
||investment
property|||(1,392,027)|(1,873,211)|
|Total|Liquid reserves|||51,568,221|61,144,275|
|Free|reserves, equivalent|to eight months ofannual|expenditure|k'.1,504,008|r1,473,084|
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|~ year end|ed|31 March|2021|||||
|---|---|---|---|---|---|---|---|
|||Notes|Unrestricted
Funds|Restricted
Funds
5|Endowment
Funds
2|2021
(5)|2020
(5)|
|tement of Financial||Activities||||||
|Income and endowments||from:||||||
|Donations
and Legacies||3|2,653|815,165||817,818|295,262|
|Investments|||1,638,301|||1,638,301|1,801,039|
|Charitable
Activities||5|586,096|||586,096|551,046|
|Other|||3,153|||3,153|356,098|
|Total|||2,230,203|815,165||3,045,368|3,003,445|
|Expenditure
on:||||||||
|Raising Funds|||(390,184)||(32,047)|(422,231)|(271,865)|
|Charitable
Activities||8|(1,248,929)|(762,265)|(103,660)|(2,114,854)|(2,250,040)|
|Total|||(1,639,113)|(762,265)|(135,707)|(2,537,085)|(2,521,905)|
|Net gains/(losses)|on Investments||783,105||698,205|1,481,310|(3,228,560)|
|Net Income/(Expenditure)|||1,374,195|52,900|562,498|1,989,593|(2,747,020)|
|Transfers between|Funds||499,160|(499,160)||||
|Net movement
in|funds||1,873,355|(446,260)|562,498|1,989,593|(2,747,020)|
|Reconciliation
of|Funds|||||||
|Total Funds at 1 April|||9,783,121|473,549|38,393,066|48,649,736|51,396,756|
|Current year earnings|||1,873,355|(446,260)|562,498|1,989,593|(2,747,020)|
|Total Funds at 31|March||11,656,476|27,289|38,955,564|50,639,329|48,649,736|
##
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|or the|year ended|31 March 2021||||
|---|---|---|---|---|---|
||||Notes|2021
2|2020
5|
|Balance|Sheet|||||
||Fixed Assets:|||||
||Tangible assets||15|9,790,595|8,134,045|
||Investments||16|45,314,646|43,950,702|
||Total Fixed Assets:|||55,105,241|52,084,747|
||Current assets:|||||
||Debtors||19|732,415|1,446,518|
||Cash at bank and in|hand|20|1,171,296|1,831,266|
||Total Current assets:|||1,903,711|3,277,784|
||Creditors: Amounts|falling due within one year|21|(1,161,242)|(1,326,972)|
||Net Current Assets|||742,469|1,95O,812|
||Total Assets less Current Liabilities|||55,847,710|54,035,559|
||Creditors: Amounts
year|falling due after more than one|||(5,385,823)|
||Total Net Assets|||50,639,329|48,649,736|
||The funds ofthe charity:|||||
||Endowment
funds||25|38,955,564|38,393,066|
||Restdctsd
Income funds||25|27,289|473,549|
||Unrestricted
funds||25|11,656,476|9,783,121|
||Total funds of ths charity'1|||50,639,329|48,649,736|
##
##
|For the year ended|31|March|2021|||||
|---|---|---|---|---|---|---|---|
|||||Note||2D21|2020|
|Cash flow from operadng
activities||||||||
|Net cash liow from operating
activities (see be/ow)||||||(494,1D4)|(1,286,824)|
|Cash flow from Investing
activities||||||||
|Dividends.
Interest snd rents fram|investments|||||t nna, snt|1,801.030|
|Purchase oftangible assets|||||15|(1,096,489)|(6,974)|
|Purchase of investment
properly|||||18|(619,502)|(5,431,114)|
|Proceeds from sale ofother investments|||||17|2,309,024|1,766,497|
|Purchase ofother irwastments|||||17|(2,449,792)|(1,496,347)|
|||||||18458|3368899|
|Cashflow
from financing
activities||||||||
|Repayments
of borrowing||||||(146,295)|(71,652)|
|Cash mfiows from new borrowing|||||||5,428,278|
|||||||146,295|5,356826|
|Net cash flow from Investing
activities||||||858857|702 803|
|Change
in cash and cash equivalents||in the year||||(858,857)|702,903|
|Cash and cash equivalents
brought|forward|||||2,214,541|1,511,638|
|Cash and cash equivalents
carrhrd forward|||||20|1355684|2 21
541|
|||||||2021|2D20|
|||||||(5)|(5)|
|Reconciliation
ofnet movement|In funds to net cash fiow from|||opemtlng|activities|||
|hist income for the year as per Statement||ofFlnandal|Activities|||1.989.593|(2,747,02D)|
|Adjustment
for:||||||||
|Depreciation
charges|||||||121,324|
|(Gains)/losses
on investments|||||||3,228,560|
|Dividends,
interest and rents from|invastmenls|||||(1,638,301)|(1,801,039)|
|(Increase)/decrease
in debtors||||||714.104|(254,213)|
|Increase/(decrease)
in creditors||||||(195,880)|165,584|
|Nst cash used in operanng
acnvmes||||||494 104|1 288824|
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|2.Related Party Transac|tions|tions||||||
|---|---|---|---|---|---|---|---|
|There were no related
party|transactions||duding the year (2020: Nil)|||||
||||Unrestricted|Restricted|Endowment|2021|2020|
||||(2)|(8)|(2)|(2)||
|3.Income from Donations
and Legacies||||||||
|Grants Received||||809,415||809,415|290,202|
|Donations|||2.653|5,750||8,403|5,060|
|Total Income from Donations|and Legacies||2,653|815,165||017,818|295,262|
||||Unrestricted|Restricted|Endowment|2021|2020|
|||||(El|(6)|(6)|(8)|
|4. Income from Investments||||||||
|Rents and other income receivable
from
investment pr~.
Incomereceiv~
Usted Invesonents|||1,223,378
412,864|||412,884
1,223,378|401,180
1,307,678|
|Interest receivdbyei|||2,059|||2,059|2,172|
|Total Income from investments|||1,638,301|||1,63&,301|1,801,039|
||||Unrestricted|Restricted|Endowment|2021|2020|
|||||||(2)|(8)|
|g. Income from Charitable
Activities||||||||
|Almshouses
-weekly maintenance|||nnn, nnn||||rfi1,046|
|Total Income from Charitable|Activities||S06,095|||686,096|551,045|
##
||||||||||Unrestricted|Restricted|Restricted||Endowment|2021|2020|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||(8)|||||||
|6.Other Income||||||||||||||||
|Compensation
for loss of Dght (see note 24b)|||||||||||||||350,000|
|South Bermondsey|Partnership|||Administration|||||3,153|||||3,153|6,098|
|Total Other Income|||||||||3,153|||||3,153|356,098|
||||||||||Unrestricted|Restricted||Endowment||2021|2020|
||||||||||||(5)||(8)|(6)|(5)|
|7.Expenditure
on||Raising||Funds - Investment|||||Costs|||||||
|Investment
Managemenl||Fees|||||||28,380|||||60,427|59,923|
|Direct costs af managing||investment|||||||349,96D|||||349,950|194,933|
|Support
ond governance||costs|||||||I1,554|||||11,054|17,009|
|Total Expenditure
on|Raising||Funds||- Investment||||390,184||||32,047|422,231|271,865|
|Costs||||||||||||||||
|Included
in direct costs|ofmanaging|||investment||properties||is interest on financial|||liabilities|as|follows|||
|||||||||||||||2021|2020|
|||||||||||||||(8)|(8)|
|Interest on financial
liabilities measured|||||at amortised||cost:|||||||||
|Interest on bank loans||||||||||||||169,836|86,414|
||||||||||Unrestricted|Restricted||Endowment||2021|2020|
||||||||||(5)||(5)||(8)|(6)|(5)|
|8.Expenditure
on||Charitable|||Activities|||||||||||
|Grant Giving||||||||||||||||
|Grants Payable (note 11)|||||||||5D8,930||622,265|||1,131,195|1,120,841|
|Direct grant giving employment|||costs||||||123,81D|||||123,810|122,650|
|Support casts|||||||||62,235|||||62,235|89,298|
|Total Grant Giving|||||||||894,975||522,285|||1,317,24D|1,332,789|
|Direct Charitable
Acuvltles||||||||||||||||
|IXrect Chantable
Activity||costs|||||||420,593||140,000||103,660|664,253|725,898|
|Support Costs|||||||||133,361|||||133,361|191,353|
|Total Direct Charitable||Activities|||||||553,954||140,000||103„660|r9r,614|917,251|
||||||||||t r746,929||762,268||103,660|2,114,854|2,260.040|
||||||||||unrestricted||Restncted||Endowment|2021|2020|
|||||||||||(8)||(6)|(8)|(6)|(8)|
|g. Reconciliation|ofGrants|||Payable||||||||||||
|Grants payable at 1 April|||||||||666,321|||||666,321|478,343|
|Grants awarded
during|the year||(note 11)||||||508,930||622,265|||1,131,195|1,120,841|
|Grants paid during
the year|||||||||(735,038)||(612,891)|||(1,348,729)|(692,863)|
|Grants payable at 31|March||||||||439,413||9,374|||448,787|666,321|
##
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##
|||||||Unrestricted|Restricted|Endowment|2021|2020|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||8|(8|(8)|(2)|(5)|
|Grants Payable|||||||||||
|Strategic and Proactlvity
Grants|||||||||||
|Strategic Grants|||||||||||
|St Saviours contribution
to Southwark
Communiiy||Response|||Fund|180,000|||180000||
|Brandon Estate||||||||||10,000|
|Pecan - Southwark
Foodbank - COVID-19||||||||||15,000|
|The Young Vlc Company -8198Humans||||||||||15,DQQ|
|London Bubble Theatre - Playing safe (Brendan)||||||||||60,DDQ|
|Soulhside
Young Leaders' Academy - SY(A Bridging Grant||||||||||8.0DD|
|Southwark
Citizens Advice Bureaux Service - Universal|||Credit|||||||40,000|
|Total Strategic Grants||||||180,000|||180,000|148,000|
|Proactivity
and Micro Grants|||||||||||
|Micro Grants||||||||||15,397|
|Total Praectivlty
Grants||||||||||16,397|
|Total Strategic and Proacavliy Grants||||||180,000|||180,900|163,397|
|Large Grants|||||||||||
|Inspire At St Peter's Church - "2lnspire"
Activities|Youth Club Holiday|||||17,500|||17,500||
|South London Cares - Building
Community
and forging
friendships
in North Southwark||||||80,000|||80,000||
|English For Action - Learning
for Change|—Continuation||grant|||20,000|||20,DDD||
|Soulhwark
Day Centre for Asylum Seekers - SDCAS St
Newington
pro)ect|||Mary|||12,500|||12,500||
|Ace UK Lewisham
and Southwark
- Mv|Social Southwsrk|||||19,444|||19,444||
|Blackfrlars Settlement - Positive Ageing|at Blsckfiiars|||||44,888|||44,888||
|School-Home
Support Service UK - School Home Support
Brandon||||||80,000|||80,000||
|Time and Talents Association
—Time and Talents:
Community||Engine||of||25,000|||25,000||
|Pembroke
House
—Pembroke
House: A
Century
Continuation
grant|settlement|for the||21st||25,000|||25,000||
|Future Men - Bove Development
Prooramme||||||||||40,000|
|Change Please - Change Please Cafe and Training||Centre||||||||100,000|
|Link Age Southwark - Continuing
to connect communiTies
positive ageing
in north Southwark||||for||||||70,000|
|Home-Start
Southwarkl
- Family Support at Home
Parenting
Programme||and Mellow||||||||90,672|
|Salmon Youth Centre
—Intensive
support
people
in North Southwark|for high -|risk young||||||||90,000|
|Age UK Lewisham
and Southwark
—My|Social Southwark|||||||||38,000|
|Southwark
Law Centre
—Planning
Voice|project|||||||||25,000|
|Power 2 - Power2 Southwark||||||||||80,000|
|Silverfit Ltd - Silverfit Southwark||||||||||28,612|
|Opening
Doors London - Southwark
Older LGBT+||Connect||||||||25,000|
|Blackfriars Settlement
—Positive Ageing|in North Southwark|||||||||23,747|
|Duckie Ltd - The Posh Club||||||||||50,000|
|Surrey Docks Farm Provident
Society Ltd —Tower &Riverfront
Development
(Phase Two)||||||||||35,000|
|Total Large Grants||||||324,330|||324,330|706,031|
|Grants de-committed||||||||||(3,504)|
|Total Large, Strategic and Proactivity|Grants|||||504,330|||504,330|865,924|
##
|||||||||Unrestricted|Restricted|Endowment|2021|2020|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||(5)|(6)||
||Grants Payable||||||||||||
||Other Grants||||||||||||
||Southwark
Community
810,000)|Response||Fund||Grants (less than|||382.834||382.834||
||Southwark
Community|Response|||Fund||Grants (greater||||||
||than 610,000)||||||||||||
||St George the Martyr Church||||||||10,000||10,000||
||East Dulwich Estate TRA||||||||10,000||10,000||
||The Walwonh
Society||||||||10,000||10,000||
||Age UK Lewisham
and|Southwark|||||||10,689||10,689||
||Time and Talents Association||||||||27,917||27,917||
||Home-Start
Southwark||||||||26,440||26,440||
||Bede House Association||||||||27.316||27.316||
||Southwark
Day Centre|for Asylum||Seekers|||||29,080||29,080||
||Somali Integration
and|Development|||Association||||14,300||14,300||
||Central Southwark
Community||Hub||||||12,000||12,000||
||Pembroke
House||||||||41,700||41,700||
||Bermondsey
Community|Kitchen|||||||10,000||10,000||
||Dad's House||||||||1D,DDD||10,000||
||Salmon Youth Centre||||||||21,500||21,500||
||Community
Southwark||||||||20,000||20,000||
||Flashy Wings Ministry||||||||10,150||10,150||
||Lordship
Lane Baptist Church||||||||10,250||10,250||
||Southwark
Law Centre||||||||18,339||18,339||
||Southwark
Day Centre|for Asylum||Seekers|||||10,000||10,000||
||Total Southwark
Community||Response||||Fund Grants||712,515||712,515||
||Grants covered
by St Saviours
Community
Response fund||contribution||||to the Southwark||(180,000)||(180,000)||
||Grants swarded
fram the Southwark
Response fund covered by external|||||Community
funders|||532,515||532,515||
||Feed the Frontline||||||||89,750||89,750||
||Total Other Grants||||||||622,265||622,265||
||Small Grants (up to E5,000)||||||||||||
||Open access Small Grants|||||||4,60D|||4,60D|104,917|
||Total Small Grants|||||||4,600|||4,600|104,917|
||Grants to Individuals|(almshouse|||residents)|||||||150,000|
|Total|Grants Awarded|||||||506,930|622,265||1,131,195|1,120,841|
##
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||||2021|2828|
|---|---|---|---|---|
|||||ta)|
|13.Net Income/(Expenditure)||for the year - is stated after charging|||
|Depreciation
oftangible||fixed assets (note 16)|118,690|121,323|
|Auditor's
remuneration
information|-|audit offinancial|16,920|13,500|
|Auditor's
remuneration|—other services||975|2,643|
|Operating
lease charges|||30,621|34,500|
||||2021|2020|
||||(E)|(8)|
|14,Staff Costs|||||
|Wages and salades|||328,192|323,301|
|Social Security costs|||31,031|31,782|
|Other pension costs (note 26)|||22,862|18,481|
|Total Staff Costa|||382,085|373,564|
##
##
|angible Fixed Asse|ts||||||
|---|---|---|---|---|---|---|
|||Assets under
Construction|Properties|Fixtures and
Fittings|ONce
Ettulpment|Tots I|
|Cost|||||||
|At 1 April 2020|||9,973,288|81,842|68,089|10,123,219|
|Additions||1,051,872||5,973|38,645|1,090,490|
|Transfer from Investment|property||678,750|||676,750|
|At 31 March 2021||1,051,872|10,652,038|87,815|106,734|11,898,459|
|Depreciation|||||||
|At 1 April 2020|||1,867,060|69,973|52,141|1,989,174|
|Charge for the year|||103,660|2,174|12,856|118,690|
|At 31 March 2021|||1,970,720|72,147|64,997|2,107,864|
|tact gook Value|||||||
|At31March 2021||1,051,872|8,681,318|15,668|41,737|8,780,585|
|At 1April 2020|||8,106,228|11,869|15,948|8,134,046|
|Cost of Freehold Properties||||||
|---|---|---|---|---|---|
|St Saviour's
Court, Purley|||||9,122,125|
|Hopton's
Almshouses,
sovlhwsrk|||||051,160|
|Functional
Properly
for use by charity|-18Crucifix|Lane|||578.750|
||||||10,852,038|
||Llnrestricted|itestrtcted|Endowment|2021|2020|
|15.Fixed Asset Investments||||||
|Usted investments
(including
bank||||||
|balance ofa capital nature)
(note 17)|7,957,357||8.985,747|16,943,104|14,123,902|
|Irivaatment
Property (note 18)|6,802,358||21,789,182|28,371,540|29,828,798|
|Investment
-Subsidiary
Company||||||
|Total Fixed Asset investments|14,558,717||30,754,828|45,314,646|43,980,702|
##
##
##
##
||||||Unrestrlrted|Restricted|Endowment|2021|2020|
|---|---|---|---|---|---|---|---|---|---|
||||||(5)|(2)||||
|17.Listed Investments||||||||||
|At|1 Apdil||||6,439,154||7,301,474|13,740,628|15,834,107|
|Additions|||||1,150,547||1,299,245|2,449,792|1,500,181|
|Disposals|||||(1,084,435)||(1,224,589)|(2,309,024)|(1,766,497)|
|Revaluations|||||1,351,336||'l.525,984|2,877,320|(1,827.'t63)|
|Total Mated Investments|||||7,856,602||8,902,114|I6,750.716|13,740,629|
|Listed lnveslments
(note 20)||capital||aocaunt|100,755|||184,308|393,274|
|At|31 March||||7,957,357||8,985,747|16,943,104|14,123,902|
||||||Unrestricted|Restricted|Endowment|2021|2020|
|18.Investment|Pro e||||(2)|(2)|I6)|IE)|(6)|
||At 1 April||||7,229,837||22,596,961|29,826,798|25,800,914|
||Additions||||619,502|||619,502|5,431,114|
||Revaluations||||(568,231)||(827,779)|(1,396,010)|(1,405,230)|
||Transfers to Tangible|||Assets|(678,750)|||(678,750)||
||At 31INarch||||6,602,350||21,769,'I 82|28,37'f,540|29,626,79S|
||||||Unrestricted|Restricted|Endowment|2021|2a20|
||||||(6)|(2)|(2)|(2)|(2)|
|19.Debtors||||||||||
||Trade Debtors||||476,277|||476,277|263,811|
||Other debtors||||3,849|25,200||29,049|57,461|
||New Almshouse||- prepayment||||||958,986|
||Other prepaymenls
accrued income|||and|227,089|||227,089|166,260|
||Total Debtors||||707,219|25,2oo||732,416|1,44S,IHS|
##
||||Unrestricted|Restricted|Endowment|2021|2020|
|---|---|---|---|---|---|---|---|
||||(5)|(5)|(5)|(6)|(5)|
|20.Analysis
ofCash|and Cash Equivalents|||||||
|Cash at bank and in hand|||961,770|11,463|198,063|1,171,296|1,831,266|
|Bank balance ofa capital nature (note 17)|||100,755||83,633|184,388|383,275|
|Total Cash and Cash Enulvalents|||1 062 525|11463|281,696|1 355,684|2,214541|
||||Unrestricted|Restricted|Endowment|2021|2020|
||||(8)|(8)|(8)|(8&|(5)|
|21.Creditors
-Amounts||Falling Due Within|One Year|||||
|Trade Creditors|||74,724|||74,724|31,604|
|Takation and sodal seourlly|||49,114|||49,114|71,984|
|Oiher Creditors|||244,536|||244,536|239,570|
|Accrusls and deferred|tncoms||285,sro|||265,975|271,402|
|Pension
Deficit Liability
year (note 26)|- Due in less than one||14,211|||14,211|13,394|
|Grants Payable|||332,246|9,374||341,620|552,722|
|Bank Loan|||151,062|||151,062|146,296|
|Total Creditors
-Amounts
One Year|Falling Due Within||1,151,868|9,374||1,161,242|1,326,972|
||||Unrestdicted|Restricted|Endowment|2021|2020|
||||(8)|(8)|(8)|(9&|(8)|
|22.Creditors - Amount||falling due after one year||||||
|Pension
Delicit Liability
year|—Due in more than one||41,945|||41,945|53,144|
|Grants payable|||107,167|||107,167|113,599|
|Other creditors|||||||8,750|
|Bank Loan|||5,059,269|||5,059,269|5,210,330|
|Total Creditors - Amount|falling due after one|||||||
|year|||5,208,381|||5,208,381|5.385.823|
|Amounts
included above
years are as follows|which fall due after 5|||||2021|2020|
|||||||(5)|(5&|
|Payable by instalments||||||4,404,630|4,576,344|
|Loans||||||2021|2020|
|Bank Loan||||||(5)|(5)|
|Payable within one year||||||151,062|146,296|
|Payable after one year||||||5,059,269|5,210,330|
|Total||||||5,205,331|5,356,626|
##
##
|||2021|2020|
|---|---|---|---|
|||(8)|(8)|
|23.Deferred Income||||
|At tv April||161,345|160,248|
|Resources deferred|during the year|141,609|161,345|
|Resources released|from the previous year|(161,345)|(160,248)|
|At 31eMarch||141,609|161,345|
|24a.|Fund Reconciliation|Fund Reconciliation|||||At 1 April
2020|Income|Ex enditure|Transfem
In/out|Gains/
losses|At 31
March 2021|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||Designated
Funds||||||||||||
||Almshouse
Development||||||5,000,000|||||5,000,000|
||Maintenance
Reserve|Fund:|St Saviours|||Court|237,436||(46,118)|75,389||266,707|
||Maintenance
Reserve|Fund|Hopton's||Almshouse||79,021||(19,584)|80,800||140,237|
||Major Repairs Fund:|Park Street|||||57,653||(36,102)|30,000||51,551|
||Sinking Fund||||||1,363,708|||86,000||1449708|
||Total Designated
Funds||||||6,737818||101804|272 189||6908203|
||General Funds||||||||||||
||General
Fund||||||3,046303|2230203|1 537300|226 971|783105|4746273|
||Total Unrestricted
funds||||||9783121|2230 203|1 639113|499 160|783105|11656476|
||Endowment
Funds||||||||||||
||USSC Endowment||||||35,852,476||(106,317)||553,942|36,300,101|
||Hopton's
Endowment||||||2 540 590||29390||144263|2 655463|
||Total Endowment
Funds||||||38393066||135707||698205|38955564|
||Restricted Funds||||||||||||
||Almshouse
Development||||||223,549|281,111||(499,160)||5,500|
||Southwark
Community|Response||Fund|||20,000|512,515|(532,515)||||
||Feed the Frontline||||||230,000||(229,750)|||250|
||Southwark's
Giving Scheme|||||||21 539||||21 539|
||Total Restricted
Funds||||||473 549|815165|762 265|499160||27289|
||TotalofFunds||||||48,649,736|3045 368|2537,085||1,481,310|50639329|
##
##
##
##
##
##
##
|24b. Fund Reconciliation|24b. Fund Reconciliation|Prior Year|Prior Year||||||
|---|---|---|---|---|---|---|---|---|
|||At 1 April|||Transfem|Galnsl|At 31March||
|Designated
Funds||2019|Income|Expenditure|In/out|(losses)|2020||
|Almshouse
development||5,000,000|||||5,000,000||
|Maintenance
Rese7ve Fund.|||||||||
|St Saviours
Court||220,629||(04,602)|111,600||237,436||
|Maintenance
Reserve Fund:|||||||||
|Hopton's Almshouse||81,267||(94,246)|92,000||79,021||
|Major Repairs Fund: Park|||||||||
|Street||67,702||(55,049)|45,000||57,653||
|Sinking Fund||1 191708|||172,000||1,363708||
|Total Designated|Funds|6561 306||243 987|143400||6 737818||
|General Funds|||||||||
|General
Fund||4314536|2 513243|2 121267|420 500|1 240,709|3,045,303||
|Total Unrestricted|funds|10875 841|2513243|2 365254||1 240 709|9783121||
|Endowment
Funds|||||||||
|USSC Endowment||37,731,989||(106,309)||(1,773,204)|35,852,476||
|Hopton's
Endowment||2,585,579|200000|30,342||214,64|2390590||
|Total Endowment|Funds|40317568|200000|136651||1 987861|38393088||
|Restricted
Funds|||||||||
|Almshouse
development||203,347|20,202||||223,549||
|Feed the Fronlline|||250,000|(20,000)|||230,000||
|Southwark
Community|||||||||
|Response Fund|||20 Uuu||||20000||
|Total of Funds||51,396756|3003445|2,521,905||3228 560|48649736||
|||||Unrestricted|Restricted|Endowment|2021|2020|
|||||(2)|(6)|(2)|(2)|(6)|
|25a.Analysis of|Net Assets|between|Funds||||||
|Tangible Assets||||1,788,025||8,002,570|9,790,595|8,134,045|
|Investments||||14,559,717||30,754,929|45,314,645|43,950,702|
|Cash||||961,770|11,483|198,063|1,171,296|1,831,266|
|Debtors||||707,215|25,200||732,415|1,446,518|
|Creditors due within one year||||(1,151,858)|(9,374)||(1,161,242)|(1,325,972)|
|Creditors due in more|than one year|||(5,208,381)|||(5,208,381)|(5,385,823)|
|Total Analysis
ofnet|Assets between Funds|||11,656,476|27,289|38,955,564|50,639,329|48,649,736|
##
|||||Unrestricted|Restricted|Endowment|2020|2019||
|---|---|---|---|---|---|---|---|---|---|
|||||6|E|E|E|E||
|25b. Analysis of Met Assets between||||Funds (prior|year)|||||
|Tangible|Fixed Assets|||27,817||8,106,228|8,134,D45|8,248,394||
|Fixed Asset Investments||||13,855,528||30,095,174|43,950,702|41,809,149||
|Current Assets||||2,595,525|483,549|198,710|3,277,784|2,529,818||
|Creditors|due within one year|||(1,309,926)|(10,000)|(T,O45)|(1,326,972)|(1,030,700)||
|Creditors|due in more than|one|year|(5385823)|||(5385823|159905||
|Total Analysis ofNet Assets
Funds||between||9,763,121|473,549|38,393,066|48,649,736|51,396,756||
|26a.Analysis ofchanges|||in net debt|||||||
|||||||At 1"April 2020|Csshflows|At 31 March 2021||
|||||||(E)|(E)||(E)|
|Cash and Cash equivalents||||||2.234.541|(878.857)|1,355,684||
|Borrowlligs||||||||||
|Bankloans||||||(5,356,625)|146,295|(5,210,330)||
|Net Debt||||||(3,122,084)|(732562|3854646||
|26h. Anal|sin ofchan|es|in net debt|Prior Year||||||
|||||||At 1u April 2019|Cashflows|At 31Iaarch|2020|
|||||||(6)|(E)||(6)|
|Cash and Cash equivalents||||||1,511,638|722,9D3|2,234,541||
|Borrowings||||||||||
|Bank loans|||||||5356525|5356625||
|Net Debt||||||1,511,638|(4,633,722)|(3,122,084)||
##
##
##
|Deficit contributions||||||
|---|---|---|---|---|---|
|From 1 Aprfi 2016to 30
September 2025:|212 945440 per annum|(payable|monthly|snd increasing|by 3%each an 1stApril)|
|From I Aprfi 2016to 30
September 2028:|f54,560 per annum|(payable|monthly|and Increasing|by 3%each on 1st April)|
##
|31 March 2021|31 March 2021||31 March 2020|31 March 2020|31 March 2019||
|---|---|---|---|---|---|---|
|E58,156||||E66,536|EBD,716||
|RECONCILIATION|OF OPENING|AND CLOSING PROVISIONS|||||
|Provision
at starl|of period||||66,538|80,716|
|Unwinding
ofthe|discount factor|(interest|expense)||1,495|1,022|
|Deficit contribution|paid||||(13,797)|(13,395)|
|Remeasurements|- impact of any|change|in assumptions||1,92D|(1,805)|
|Remeasurements|- amendments|to the contribution||schedule|||
|Provision at end|ofperiod||||56,156|66,538|
|INCOME AND EXPENDITURE IMPAC!|||||||
|Interest expense|||||1,495|1,D22|
##
|Remeasurements|—impact ofany change
In assumptions|—impact ofany change
In assumptions|1,920|(1,805)|
|---|---|---|---|---|
|Remeasurements|—amendments
to the contribution|schedule|||
|Contributions
paid|in respect offuture service'||||
|Costs recognised|in income and expenditure
account||(22,862)|(18,480)|
##
|||31e March 2021|31 March 2020|31 March 2019|
|---|---|---|---|---|
|nets|ofdiscount|%per annum|14 per annum|%per annum|
|||0.66|2.53|1.39|
##
##
|include this funding.
The summary
offund movements
in th|e year is as follows:||
|---|---|---|
||2021|2020|
||(2)|(5)|
|At 1 April|75,959|82,071|
|Income|69,114|147,019|
|Expenditure|(110,826)|(153,13'I)|
|At 31 March|34,247|75,959|
##
||2021|2020|
|---|---|---|
||(5)|(5)|
|At 1 April||90,000|
|Income||50,000|
|Expendaure||(140,000)|
|At 31 March|||
##
##
##
|At 31 March 2021,the charity
alls due as follows:|hsd outstanding|commitmenl|s
for future
minimu|m
lease|payments
under nonoancella|ble
leases wh|
|---|---|---|---|---|---|---|
||||||2021|2020|
||||||(6)|(8)|
|Within one year|||||15,244|34,500|
|Between two and live years|||||13,709|56,688|
||||||28593|91188|
|Lessor|||||||
|At 31 Marrh sns1, tha rhsrity|had contracwd|with tenants|for sll the following|minirnurri|lease payments,
which fsa|due as follows:|
||||||2021|2020|
||||||(8)|(8)|
|Vliltliiii oiie year|||||1,355,442|1,127,134|
|Between two and five yean|||||2,555,471|2,165,686|
|In over five years|||||1,584,315|1,497,060|
||||||5495228|4789880|
##