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|---|---|---|---|
|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|
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|||||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|
##
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||||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|
##
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||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|
##
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|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|
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|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|
##
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##
|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|||