2021-03-31-accounts - Wokingham United Charities

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		Page
Report ofthe Trustees	1	to	12
Report ofthe Independent Auditors	13	to	16
Statement ofFinancial Activities		17
Balance Sheet	18	to	19
Cash Flow Statement		20
Notes to the Cash Flow Statement		21
Notes to the Financial Statements	22	to	36

				FOR	THE YEAR E	NDED 31 M	ARCH 2021
								31.3.21		31.3.20
								Total		Total
					Designated	General	Endowment	funds		funds
				Notes
INCOME AND
ENDOWMENTS		FROM
Donations and legacies						1,050		1,050
Charitable activities
Almshouse						163,893		163,893		158,135
investment income						344,022		344,022		362,315
Total						508,965		508,965		520,450
EXPENDITURE		ON
Raising funds					1,490	2,075	47,405	50,970		51,201
Charitable activities
Relief in Need						248,911		248,911		325,000
Almshouse					30,979	171,957		202,936		191,321
Total					32,469	422,943	47,405	502,817		567,522
Net gains/(losses)	on
investments					90,215	95,309	2,701,773	2,887,297	(1,547,872)
NET
INCOME/(EXPENDITURE)					57,746	181,331	2,654,368	2,893,445	(1,594,944)
Transfers between		funds		18	39,676	(39,676)
Net movement in		funds			97,422	141,655	2,654,368	2,893,445	(1,594,944)
RECONCILIATION			OF
FUNDS
Total funds brought
forward					304,061	764,745	8,416,970	9,485,776	1	1,080,720
TOTAL FUNDS	CARRIED
FORWARD					401,483	906,400	11,071,338	12,379,221		9,485,776

			31 MA	RCH 2021
						31.3.21	31.3.20
						Total	Total
			Designated	General	Endowment	funds	funds
		Notes
FIXED ASSETS
Tangible assets		14	31,971	159,859		191,830	197,055
Investments		15	366,022	538,168	11,071,338	11,975,528	9,114,854
			397,993	698,027	11,071,338	12,167,358	9,311,909
CURRENT ASSETS
Debtors		16		34,898		34,898	34,063
Cash at bank			8,287	227 323		235,610	175,269
			8,287	262,221		270,508	209,332
CREDITORS
Amounts falling	due within
one year		I 7	(4,797)	(53,848)		(58,645)	(35,465)
NET CURRENT ASSETS			3,490	208,373		211,863	173,867
TOTAL ASSETS LESS
CURRENT LIABILITIES			401,483	906,400	11,071,338	12,379,221	9,485,776
NET ASSETS			401,483	906,400	11,071,338	12,379,221	9,485,776
FUNDS		18
Unrestricted funds:
Almshouse						254,441	765,859
Relief in Need						651,959	498,886
Cyclical Maintenance						136,467	103,991
Extraordinary	Repair					265,016	200,070
						1,307,883	1,068,806
Endowment funds:
Relief in Need						10,695,035	8,142,237
Almshouse						376,303	274,733
						11,071,338	8,416,970
TOTAL FUNDS						12,379,221	9,485,776

	FOR T	HE YEAR END	ED 31 MARCH 2021
			31.3.21	31.3.20
		Notes
Cash flows from operating	activities
Cash generated from operations			(262,899)	(383,644)
Net cash used in operating	activities		(262,899)	(383,644)
Cash flovvs from investing	activities
Purchase offixed asset investments			{5,126,946)	(1,53~,098)
Sale offixed asset investments			5,153,569	1,662,703
Net movement in cash flows attributable		to
endowment investments			188,585	118,576
Dividends received			344,022	362,315
Net cash provided by investing activities			559,230	610,496
Cash flows from financing	activities
Expenditure attributable to	endowment		(47,405)	(47,289)
Net movement in cash flows attributable		to
endowment investments			(188,585)	(1 1 8,576)
Net cash used in financing	activities		(235,990)	(165,865)
Change in cash and cash equivalents
in the reporting period			60,341	60,987
Cash and cash equivalents	at the
beginning ofthe reporting	period		175,269	114,282
Cash and cash equivalents	at the end
ofthe reporting period			235,610	175,269

OPERATING ACTIVI	TIES
			31.3.21	31.3.20
Net income/(expenditure)	for the reporting	period (as per the
Statement ofFinancial	Activities)		2,893,445	{1,594,944)
Adjustments for:
Depreciation charges			5,225	5,225
(Gain)/losses on investments			(2,887,297)	1,547,872
Dividends received			(344,022)	(362,315)
Expenditure attributable	to endowment		47,405	47,289
Increase in debtors			(835)	(1,617)
Increase/(decrease) in creditors			23,180	(25,154)
Net cash used in operations			(262,899)	(383,644)

ANALYSIS OF CHANGES IN N	ET FUNDS
	At 1.4.20	Cash flow	At 31.3.21
Net cash
Cash at bank	175,269	60,341	235,610
	175,269	60,341	235,610
Total	175,269	60,341	235,610

Investment management costs
			31.3.21	31.3.20
	Unrestricted	Endowment	Total	Total
	funds	funds	funds	funds
Portfolio management	3,565	47,405	50,970	51,201
CHARITABLE ACTIVITIES COSTS
		Grant
		funding of
		activities	Support
	Direct	(see note	costs (see
	Costs	8)	note 9)	Totals
Relief in Need	47,541	185,681	15,689	248,911
Almshouse	194,393		8,543	202,936
	241,934	1S5,6S1	24,232	451,847

Direct Costs,	included	in the above, are as follows:
		Relief in Need	Almshouse	31.3.21	31.3. 0
Staff costs		30,037	45,718	75,755	64,690
Rates and water			5,784	5,784	5,559
Insurances		2,270	3,721	5,991	6,755
Light and heat		1,419	14,288	15,707	14,144
Telephone		7,286	2,266	4,552	2,958
Advertising		125		125	621
Office and sundries		9,477	1,335	10,812	3,676
Professional	fees	1,927	979	2,906	3,883
Repairs			107,677	102,677	89,624
Maintenance			3,567	3,567	2,609
Cleaning			3,370	3,370	5,340
Gardening			1,884	1,884	2,100
Security			3,579	3,579	9,468
Depreciation			5 225	5 725	5 275
		47,541	194,393	241,934	216,652

GRANTS PAYA	B	LE
									31,03.21	31.03.20
Grants payable for	the furtherance				ofthe charity's			objectives:
Donations and grant		awards to 24			organisations		(2020 -32)		108,514	257,978
Donations and grant		awards to 178 individuals					(2020 - 39)		77,167	14,591
									185,681	272,569
Donations and grant		awards to organisations				were		made during the year to the following:
ARC via Berkshire		Community		Foundation					4,000
ARC									2,000
Berkshire Lowland		Search and Rescue							1,500
Berkshire Vision									8,690
Berkshire Women's '		Aid							20,000
Camp Mohawk									5,000
CLASP									2,000
First Days/School	Days								2,000
Growing Places									220
Home-Start Wokingham			District						10,000
Life Education									1,890
Popringhe Pre-School									387
Salvation Army									850
Sue Ryder									2,000
The Cowshed									15,000
Waingels School									2,000
Wokingham k District			Citizens	Advice Bureau					14,892
Wokingham Food	Bank								2,000
Wokingham Volunteer			Centre						2,000
Woodley Lunch Bunch									1,985
Young People with		Dementia							10,000
Vox Choir									600
									109,014
LESS:Grant awards		repaid
It's About Time									(500)
Total									1108,514

SUPPORT COSTS
		Governance
	Management	costs	Totals
Relief in Need	11,507	4,182	15,689
Almshouse	5,975	2,568	8,543
	17,482	6,750	24,232

Support	cost	, included in the above,	are as follows:
			Relief in Need	Almshouse	31.3.21	31.3.20
Salaries	and	other expenses	6, 112	5,799	11,911	11,587
Professional		fees and miscellaneous	5,394	177	5,571	8,764
Auditors'	remuneration		4, I83	2,567	6,750	6,749
			15,689	8,543	24,232	27,100

			31.3.21	31.3.20
Audi tors'	remuneration		4,000	3,905
Auditors'	remuneration	for non audit work	2,750	2,844
Depreciation - owned		assets	5,225	5,225

STAF	F COSTS
		31.3.21	31.3.20
Wages	and salaries	81,826	72,534
Social	security costs	3,590	1,702
Other	pension costs	2,250	2,043
		87,666	76,279

The average monthly number ofemployees	during the year was as follows:
	31.3.21	31.3.20
Ful I time	I	1
Part time	2	2

								Total
					Designated	General	Endowment	funds
INCOME	AND ENDOWMENTS			FROM
Charitable	activities
AImshouse						158,135		158,135
Investment	income					362,315		362,315
Total						520,450		520,450
EXPENDITURE		ON
Raising funds					1,550	2,362	47,289	51,201
Charitable	activities
Relief in Need						325,000		325,000
Almshouse					51,996	139,325		191,321
Total					53,546	466,687	47,289	567,522
Net gains/(losses)		on investments			(51,865)	19,822	(1,515,829)	(1,547,872)
NET INCOME/(EXPENDITURE)					(105,411)	73,585	(1,563,118)	(1,594,944)
Transfers	between		funds		92,083	(92,083)

						Total
			Designated	General	Endowment	funds
	Net movement in funds		(13,328)	( I &,498)	(1,563, 118)	(1,594,944)
	RECONCILIATION	OF FUNDS
	Total funds brought	forward	317,389	783,243	9,980,088	11,080,720
	TOTAL FUNDS CARRIED
	FORWARD		304,061	764,745	8,416,970	9,485,776
14.	TANGIBLE FIXED	ASSETS
					Fixtures
				Freehold	and
				property	fittings	Totals
	COST
	At I April 2020 and 31 March 2021			258,870	480	259,350
	DEPREC IATION
	At I April 2020			62,247	48	62,295
	Charge for year			5,177	48	5&225
	At 31 March 2021			67,424	96	67,520
	NET BOOK VALUE
	At 31 March 2021			191,446	384	191,830
	At 31 March 2020			196,623	432	197,055

							31.3.21	31.3.20
Listed investinents							11,975,527	9,114,853
Fixed asset investments							I	I
							11,825,528	9,114,854
							31.3.21	31.3.20
Listed investments
Market value at I April	2020						9,114,S53	10,792,330
Less: Cash held by Investment			Managers		at	I April 2020	(327,386)	(208,810)
Additions							4,938,361	1,414,525
Disposals							(5,153,569)	(1,662,704)
Net unrealised investment		Gains					2,887,297	(1,547,874)
Cash held by Investment		Management		at	31	March 2021	515,971	327,386
At 31 March 2021							11,975,527	9,114,853
Historic cost (including	cash)						10,735,194	10,256,733

Analysis ofinves	tments:
		31.3.21	31.3. 0
UK Bonds		550,023	906,587
Overseas Bonds		462,952	265,229
UK Equities		2,426,127	2,687,046
North American	Equities	2,163,409	1,450,384
European Equities		501,764	422,073
Japanese Equities		269,803	173,642
Asian Pacific Equities		655,744	199,423
Emerging Market	Equities	182,288	347,138
Global Investments		3,272,848	691,822
Absolute Return		128,987	263,287
Property		225,762	317,183
Private Equity		289,079	399,570
Other investments		315,770	399,083
Cash Products		15,000	265,000
		11,459,556	8,787,470
Cash		365,971	327,386
		11,975,527	9,114,853

Group undertaking
One ordinary share ofZ1 in the subsidiary	undertaking

		31.3.21	31.3.20
Aggregate	capital and reserves	(478)	(405)
Loss for year		(73)	(298)

DEBTORS:	AMOUNTS FALLING DUE WITHIN	ONE YEAR
		31.3.21	31.3.20
Trade debtors		I,426	5,675
Amounts owed by group
undertakings		600	600
Prepayments	and accrued income	32,872	27,788
		34,898	34,063

CREDITORS: AMOUNTS FALLING DUE	WITHIN ONE YEAR
	31.3.21	31.3.20
Trade creditors	26,745	15,697
Accrued expenses	31,900	19,768
	58,645	35,465

MOVEMEN	T IN FUNDS
			Net	Transfers
			movement	between	At
		At 1.4.20	in funds	funds	31.3.21
Unrestricted	funds
Almshouse		265,859	28,258	(39,676)	254,441
Relief in Need		498,886	153,073		651,959
Cyclical Maintenance		103,991	8,564	23,912	136,467
Extraordinary	Repair	200,070	49,182	15,764	265,016
		1,068,806	239,077		1,307,883
Endowment	funds
Relief in Need		8,142,237	2,552,798		10,695,035
Almshouse		274,733	101,570		376,303
		8,416,970	2,654,368		11,071,338
TOTAL FUNDS		9,485,776	2,893,445		12,379,221

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
Unrestricted	funds
Almshouse		183,586	(171,519)	16,191	28,258
Relief in Need		325,379	(251,424)	79,118	153,073
Cyclical Maintenance			(23,028)	31,592	8,564
Extraordinary	Repair		(9,441)	58,623	49,182
		508,965	(455,412)	185,524	239,077
Endowment	funds
Relief in Need			(45,866)	2,598,664	2,552,798
Almshouse			(1,539)	103,109	101,570
			(47,405)	2,701,773	2,654,368
TOTAL FUNDS		508,965	(502,817)	2,887,297	2,893,445

			Net	Transfers
			movement	between	At
		At 1.4.19	in funds	funds	31.3.20
Unrestricted	funds
Almshouse		342,268	15,674	(92,083)	265,859
Relief in Need		440,975	57,911		498,886
Cyclical Maintenance		133,939	(57,052)	27,104	103,991
Extraordinary	Repair	183,450	(48,359)	64,979	200,070
		1,100,632	(31,826)		1,068,806
Endowment	funds
Relief in Need		9,660,604	(1,51 8,367)		8,142,237
Almshouse		319,484	(44,751)		274,733
		9,980,088	(1,563,118)		8,416,970
TOTAL FUNDS		11,080,720	(1,594,944)		9,485,776

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
Unrestricted	funds
Almshouse		181,742	(140,626)	(25,442)	15,674
Relief in Need		338,708	(326,061)	45,264	57,911
Cyclical Maintenance			(38,889)	(18,163)	(57,052)
Extraordinary	Repair		(14,657)	(33,702)	(48,359)
		520,450	(520,233)	(32,043)	(31,826)
Endowment	funds
Relief in Need			(45,690)	(1,472,677)	(1,518,367)
Almshouse			(1,599)	(43, 152)	(44,751)
			(47,289)	(1,515,829)	(1,563,118)
TOTAL FUNDS		520,450	(567,522)	(1,547,872)	(1,594,944)

			Net	Transfers
			movement	between	At
		At 1.4.19	in funds	funds	31.3.21
Unrestricted	funds
Almshouse		342,268	43,932	(131,759)	254,441
Relief in Need		440,975	210,984		651,959
Cyclical Maintenance		133,939	(48,488)	51,016	136,467
Extraordinary	Repair	183,450	823	80,743	265,016
		1,100,632	207,251		1,307,883
Endowment	funds
Relief in Need		9,660,604	1,034,431		10,695,035
Almshouse		319,484	56,819		376,303
		9,980,088	1,091,250		11,071,338
TOTAL FUNDS		11,080,720	1,298,501		12,379,221

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
Unrestricted	funds
Almshouse		365,328	(312,145)	(9,251)	43,932
Relief in Need		664,087	(577,485)	124,382	210,984
Cyclical Maintenance			(61,917)	13,429	(48,488)
Extraordinary	Repair		(24,098)	24,921	823
		1,029,415	(975,645)	153,481	207,251
Endowment	funds
Relief in Need			(91,556)	1,125,987	1,034,431
Almshouse			(3,138)	59,957	56,819
			(94,694)	1,185,944	1,091,250
TOTAL FUNDS		1,029,415	(1,070,339)	1,339,425	1,298,501

							2021	2020
Financial	assets measured	at	amortised	cost			34,898	34,063
Financial	assets measured	at	fair value			1	1,975.527	9,114,854
Financial	liabilities measured		at amortised		cost		58,644	5,4655

Financial	assets measured at	fair value		344.027	362,315
Financial	liabilities measured	at amortised	cost