||Page||
|---|---|---|
|Report ofthe Trustees|1 to|11|
|Report ofthe Independent
Auditors|12 to|15|
|Statement ofFinancial Activities|16 to|17|
|Balance Sheet|18 to|20|
|Cash Flow Statement|21||
|Notes to the Cash Flow Statement|22||
|Notes to the Financial Statements|23 to|38|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||Designated|General|Restricted|
|---|---|---|---|---|---|
|||Notes||||
|INCOME AND ENDOWMENTS FROM||||||
|Donations
and legacies||||7,058|155,000|
|Charitable
activities||||||
|Almshouse||||165,979||
|Investment
income||||307567||
|Total||||480 604|155000|
|EXPENDITURE ON||||||
|Raising funds|||2,319|(8,609)||
|Charitable
activities||||||
|Relief in Need||||257,940|145,000|
|Almshouse|||90427|102094||
|Total|||92746|431425|145000|
|Net gains on investments|||9529|25 290||
|NET INCOME/(EXPENDITURE)
Traasfers between
funds|||(83,217)
45052|74,469
~45052|10,000|
|Net movement
in funds|||(38,165)|29,417|10,000|
|RECONCILIATION|OF FUNDS|||||
|Total funds brought
forward|||401,483|906,400||
|TOTAL FUNDS CARRIED FORWARD|||363318|935017|10000|
|||||||31.3.22|31.3.21|
|---|---|---|---|---|---|---|---|
|||||||Total|Total|
||||||Endowment|funds|funds|
||||Notes||f|f.||
|INCOME AND EIVDOWMEVTS FROM||||||||
|Donations
and legacies||||||162,058|1,050|
|Charitable
activities||||||||
|Almshouse||||||165,979|163,893|
|investment
income||||||307567|344 022|
|Total||||||63 604|508 965|
|EXPENDITURE ON||||||||
|Raising funds|||||52,511|46,221|50,970|
|Charitable
activities||||||||
|Relief in Need||||||402,940|248,911|
|Almshouse||||||272 521|202 936|
|Total|||||52 511|721 682|502,817|
|Net gains on tnvestments|||||560 2'1|603060|2 887 297|
|NET INCOME|||||5151730|516,982|2,893,445|
|Traasfers
between
funds||||18||||
|Net movetnent
in funds|||||515,730|516,982|2,893,445|
|RECONCILIATION|OF|FUNDS||||||
|Total funds brought
forward|||||11,071,338|12379,221|9,485,776|
|TOTAL FUNDS CARRIED FORWARD|||||11587068|12096203|12379221|
|CONTINUING
OPERATIONS||||||||
|All tncome and expenditure||has arisen from|continutng|activtties.||||
##
||||Designated|General|Restricted|
|---|---|---|---|---|---|
|||Notes||||
|FIXEDASSETS||||||
|Tangible
assets||14|31,100|155,505||
|Investments||15|349298|715913||
||||380,398|871,418||
|CURRENT ASSETS||||||
|Debtors||16||27,888||
|Cash at bank||||52 380|10200|
|||||80,276|10,200|
|CREDITORS||||||
|Amounts
falling due within|one year|17|(17,080)|(15,877)|(200)|
|NET CURRENT ASSETS|||~170801|~64 99|10 1100|
|TOTAL ASSETSLESSCURRENT||||||
|LIABILITIES|||363,318|935,817|10,000|
|NET ASSETS|||363318|93.817|10000|
##
|||BALANCE SHEET
31 MARCH|- continued
2022|||
|---|---|---|---|---|---|
|||||31.3.22|31.3.21|
|||||Total|Total|
||||Endowment|funds|funds|
|||Notes||f.||
|FIXEDASSETS||||||
|Tangible
assets||14||186,605|191,830|
|Investments||15|11597457|12662660|11975,528|
||||11,597,457|12,849,273|12,167,358|
|CURRENT ASSETS||||||
|Debtors||16||27,888|34,898|
|Cash at bank||||62 500|35 610|
|||||90,476|270,508|
|CREDITORS||||||
|Amounts
falling due within|one year|17|(10/89)|(43,546)|(58,645)|
|NET CURRENT ASSETS|||~30309|46930|211863|
|TOTAL ASSETSLESSCURRENT||||||
|LIABlLITlhS|||11,587,068|12,896,2()3|12,379,221|
|NET ASSETS|||11507060|12096203|12379221|
##
||||||31.3.22|31.3.21|
|---|---|---|---|---|---|---|
||||||Total|Total|
|||||Endowment|funds|funds|
||||Notes||f.||
|FUNDS|||18||||
|Unrestricted
funds:|||||||
|Almshouse|||||219,912|254,441|
|Relief in Need|||||715,905|651,959|
|Cyclical Maintenance|||||145,228|136,467|
|Extraordinary|Repair||||218090|265,016|
||||||1299135|1307883|
|Restricted funds:|||||||
|WBC Household||Support Grant|||10,000||
|Endowment
funds:|||||||
|Relief in Need|||||11,204,772|10,695,035|
|Almshouse|||||382296|376303|
||||||11507 060|11~71138|
|TOTAL FUNDS|||||12096203|12379221|
##
|||FOR|THE YEAR ENDE|D 31MARCH 2022||
|---|---|---|---|---|---|
|||||31.3.22|31.3.21|
||||Notes|||
|Cash flows from operating
activities
Cash generated
from operations
Net cash used in operating
activities||||~493 990)
~493990)|~262 899)
~262 099)|
|('ash flows from investing|activities|||||
|Purchase offixed asset investments||||(1,660,369)|(5,126,946)|
|Sale offixed asset invcstmcnts||||1,696,840|5,153,569|
|Nct movcmcnt
in cash flows atlributablc||to|cndowmcnt|||
|investments||||(42,122)|188,585|
|Movement ofcash included|in investments|||29,449||
|Dividends
received||||307567|344 022|
|Net cash provided
by investing
activities||||331365|559,230|
|Cash flows from financing|activities|||||
|Expenditure
attributable
to|endowment|||(52,511)|(47,405)|
|Net movement
in cash flows attributable
investments
Net cash used in financing
activities||to|endowment|42 122
~)0309)|~)88 585)
~235 990|
|Change
in cash and cash equivalents||in||||
|the reporting
period||||(173,022)|60,341|
|Cash and cash equivalents|at the|||||
|beginning
ofthe reporting|period|||235 610|175269|
|Cash and cash equivalents|at the end|of||||
|the reporting
period||||62 500|235 610|
##
##
##
|RECONCILIATION
ACTIVITIES||OF N|ET INCOME TO NET CASH FLO|W FROM OPER|ATING||
|---|---|---|---|---|---|---|
||||||31.3.22|31.3.21|
|Net income for the|reporting||period (as per the Statetnent of||||
|Financial Activities)|||||516,982|2,893,445|
|Adjustments
for:|||||||
|Depreciation
charges|||||5,225|5,225|
|Gain on investments|||||(603,060)|(2,887,297)|
|Dtvidends
received|||||(307,567)|(344,022)|
|Expenditure
attributable||to endowment|||52,511|47,405|
|Cash uow held by investment|||managers||(150,000)||
|Decrease/(increase)
(Decrease)/increase|in
in|debtors
creditors|||7,010
~15 099|(835)
~23 180|
|Net cash used in operations|||||~493998|262 899|
|ANALYSIS OF CHANGES|||IN NET FUNDS||||
|||||At 1.4.21|Cash flow|At 31.3.22|
|Net cash|||||||
|Cash at bank||||~235610|~173022)|~62 588|
|||||~235610|~173022)|~62 588|
|Total||||~235610|173022|~62 588|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|3.|DONATIO|NS
AND LE|GACIES|||||
|---|---|---|---|---|---|---|---|
|||||||31.3.22|31.3.21|
||||Unrestricted|Restricted|Endowment|Total|Total|
||||funds|funds|funds|funds|funds|
||Donations||7,058|||7,058|1,050|
||Grants||~7058|155000
155000||~155000
~162058|1 050|
|4.|INVESTMENT INCOME|||||||
|||||||31.3.22|31.3.21|
||||Unrestricted|Restricted|Endov ment|Total|Total|
||||funds|funds|funds|funds|funds|
||Investment|income|~307567|||~307567|344 022|
||INCOME FROM CHARITABLE ACTIVITIES|||||||
|||||||31.3.22|31.3.21|
||||Activity|||||
||Maintenance|charges|Almshouse|||165979|163 893|
|6.|RAISING|FUNDS||||||
||Investment|management|costs|||||
|||||||31.3.22|31.3.21|
||||Unrestricted|Restricted|Endowment|Total|Total|
||||funds|funds|funds|funds|funds|
||Portfolio management||~6290||~52 511|~46 221|50970|
##
##
||||Grant|||
|---|---|---|---|---|---|
||||funding of|||
||||activities|Support||
|||Direct|(see note|costs (see||
|||Costs|8)|note 9)|Totah|
|Relief in Need
Almshouse||50,430
~257 624|332,620|19,890
~14897|402,940
~272 521|
|||308054|332620|34 787|675461|
|Direct Costs,|included|in the abave, are as follows:||||
|||Relief in Need|Almshouse|31.3.22|31.3.21|
|Staffcosts||38,637|47,919|86,556|75,755|
|Rates and water|||3,652|3,652|5,784|
|lnsurances||(286)|5,999|5,713|5,991|
|Light and heat||577|15,982|16,559|15,707|
|Telephone||2,168|230)|4,369|4,552|
|Advertising||225|225|450|125|
|Deice and sundries||7,248|3,600|10,848|10,812|
|Professional|fees|990|10,619|11,609|2,906|
|Repaus|||143,740|143,740|102,677|
|Maintenance|||4,770|4,770|3,567|
|Cleaning|||6,754|6,754|3,370|
|Gardening|||2,150|2,150|1,884|
|Security|||5,659|5,659|3,579|
|Depreciation||871|4 364|5,225|6 226|
|||6043~|267 624|308 064|241934|
##
##
|GRANTS PAYABL|E|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||31.03.22|31.03.21|
||||||||||||F.|
|Grants payable for the||furtherance|||ofthe charity's||ob)ectives:|||||
|Grants awarded
to 18organisations|||||(2021:24)|||||121,976|108,514|
|Essential Item Grants|awarded||to|225 individuals|||(2021: 178)|||75,605|77,167|
|Household
Support Grants awarded|||||to 698 individuals|||(2021;|nil)|136 039||
|||||||||||332 620|186 681|
|Donations
and grant|awards to||organisations|||were|made|during|the year to the following:|||
|Grants via Berkshire|Community|||Foundation:||||||||
|ASD Family Help||||||||||9,100||
|Berkshire Vision||||||||||5,000||
|CLASP||||||||||5,000||
|Dingley's
Promise||||||||||5,458||
|First Days Children's|Charity|||||||||10,000||
|Home-Start
Wokingham||District||||||||10,000||
|The Cowshed||||||||||10,000||
|Yeldall Manor||||||||||10000||
|||||||||||64,558||
|ARC||||||||||7,500||
|Berkshire Community||Foundation||||||||8,000||
|First Days ChiMren's|Charity|||||||||5,000||
|Involve
Community|Services|||||||||3,000||
|Link Visiting Scheme||||||||||2,500||
|Rotary Club ofWokingham||||||||||1,000||
|Share Wokingham||||||||||300||
|The Bu1mershe School||||||||||500||
|The Cowshed||||||||||9,000||
|The Salvation Army||||||||||545||
|Westende
Junior School||||||||||2,063||
|Wokingham
&District||Citizens|Advice Bureau|||||||18,610||
|LESS:Grant award withdrawn|||—VOX Choir|||||||122,576
~600||
|Total||||||||||121 976||
##
##
##
|SUPPORT COSTS|||||||
|---|---|---|---|---|---|---|
||||||Governance||
|||||Management|costs|Totals|
||||||f.||
|Relief in Need||||11,775|8,115|19,890|
|Almshouse||||12192|2 705|14897|
|||||~23967|~10 820|~34787|
|Support cost, included|in the above, are as follows:||||||
||Relief|in|Need|Almshouse|31.3.22|31.3.21|
|||f,|||f.||
|Salanes and other expenses|||4,718|4,826|9,544|11,911|
|Miscellaneous
costs including|||||||
|professional
fees|||7,057|7,366|14,423|2,321|
|Auditors'
remuneration|||8 115|2,705|10820|10,000|
||||19 890|14897|34,87|24 232|
|Gcncral administration|costs arc allocated as appropriate.||||||
|NET INCOME/(EXPENDITURE)|||||||
|Net income/(expenditure)|is stated after charging/(crediting);||||||
||||||31.3.22|31.3.21|
|Auditors'
remuneration|||||6,420|5,926|
|Auditors'
remuneratton|for non audit work||||4,4()U|4,074|
|Depreciation
—owned assets|||||~5225|5 225|
##
##
##
##
|STAFF COSTS||||||
|---|---|---|---|---|---|
|||||31.3.22|31.3.21|
|||||f.|f,|
|Wages and salaries||||91,960|81,826|
|Social security costs
Other pension costs||||3,134
~1006|3,590
2 250|
|||||96 100|87 666|
|The average monthly|number ofemployees|during|the year was as follows:|||
|||||31.3.22|31.3.21|
|Full time||||2|1|
|Part time||||1|2|
|||||3|3|
##
##
##
|COMPARATIVES|F|OR T|HE STATEMENT|OF FINANCIAL A|CTIVITIES|||
|---|---|---|---|---|---|---|---|
||||||||Total|
||||Designated|General|Res tri cted|Endowment|funds|
||||||f.||f.|
|INCOME AND|||ENDOWMENTS|FROM||||
|Donations
and legacies||||1,050|||1,050|
|Charitable
activities||||||||
|Almshouse||||163,893|||163,893|
|Investment
income||||344 022|||344 022|
|Total||||5118965|||508 965|
|EXPENDITURE ON||||||||
|Raising funds|||1,490|2,075||47,405|50,970|
|Charitable
activities||||||||
|Relief in Need||||248,911|||248,911|
|Almshouse|||30979|1
1 957|||202 936|
|Total|||32469|422943||47405|502817|
|Net gains on investments|||90,215|95 309||2 701773|2887297|
|NET INCOME
Transfers
between|funds||57,746
39676|181,331
~l6761||2,654,368|2,893,445|
|Net movement
in funds|||97,422|141,655||2,654,368|2,893,445|
|RECONCILIATION||OF|FUNDS|||||
|Total funds brought||||||||
|forward|||304,061|764,745||8,416,970|9,485,776|
|TOTAL FUNDS||||||||
|CARRIED FORWARD|||401 483|91164'||11071338|12379221|
##
##
||||Fixtures|||
|---|---|---|---|---|---|
|||Freehold|and|||
|||property|fittings|Totals||
|||f|||f,|
|COST||||||
|At|1 April 2021 and 31March 2022|~258870|480|259|50|
|DEPRECIATION||||||
|At 1 April 2021
Charge for year||67,424
~5177|96
48|67,520
~5225||
|At|31March 2022|~72601||~72|745|
|NET BOOK VALUE||||||
|At|31March 2022|~186269|336|~186|605|
|At|31 March 2021|191446|384|191|830|
##
|||31.3.22||31.3.21||
|---|---|---|---|---|---|
|Shares in group undertaking|||1||1|
|Listed investments||12,076,|144|11,459,555||
|Cash held by investment|managers|636|523|515|972|
|||12 712|668|11 975|528|
|Listed investments||||||
|||31.3.22||31.3.21||
|MARKET VALUE||||||
|At 1 April 2021||11,459,555||8,787,466||
|Additions||1,710,369||4,938,361||
|Disposals||(1,574,004)||(5,153,569)||
|Net unrealised
investment|gains|480|24|2 887|297|
|At 31 March 2022||12076|144|11459|555|
|HISTORIC COST||10755|897|10434|535|
##
|Invcsnncnt|s
forming
morc than 5%ofthc total portfolio value:|||
|---|---|---|---|
|||31.3.22|31.3.21|
||||f.|
|Vanguard|Funds Pic SAP 500UCITS ETFUSD DIS|613,043|562,012|
|COIF Charities Global Equity Income Fund||2,966,927|2,737,262|
|Analysis oflisted|investments:||||
|---|---|---|---|---|
||||31.3.22|31.3.21|
|UK Bonds|||533,537|550,022|
|Overseas Bonds|||548,478|462,952|
|UK Equities|||2,366,231|2,426,127|
|North American|Equities||2,529,306|2,163,409|
|European
Equities|||513,907|501,764|
|Japanese
Equities|||310,930|269,803|
|Asian Pacific Equities|||565,201|655,744|
|Emerging
Market|Equities||134,113|182,288|
|Global Investments|||3,504,022|3,272,848|
|Absolute
Rctuin|||123,675|128,987|
|Property|||210,274|225,761|
|Private Equity|||315,757|289,079|
|Other Investments|||420,713|315,771|
|Cash Products||||15 OOO|
||||12076 144|11459 555|
|Group undertaking|||||
||||31.3.22|31.3.21|
|||||f.|
|One ordinary
share ofI1 in the subsidiary||undertalung|1|1|
||31.3.22|31.3.21|
|---|---|---|
|Aggrcgatc
capital and rcscrvcs
Loss for year|(502)
~24|(478)
~731|
##
##
|||||||31.3.22|31.3.21|31.3.21|
|---|---|---|---|---|---|---|---|---|
||Trade debtors|||||||1,426|
||Amounts
owed by group||||||||
||undertakings|||||302||600|
||Prepayments
and accrued income|||||~27 86||32 872|
|||||||~27 888||34 898|
|17.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR||||||||
|||||||31.3.22|31.3.21||
|||||||g|||
||Trade creditors|||||22/92||26,745|
||Accrued expenses|||||~21 154||31900|
|||||||~43 546||58 645|
|18.|MOVEMENT IN FUNDS||||||||
||||||Net|Transters|||
||||||movement|between||At|
|||At 1.4.21|||in funds|funds|31.3.22||
||Unrestricted
funds||||||||
||Almshouse||254,441||10,523|(45,052)||219,912|
||Relief in Need||651,959||63,946|||715,905|
||Cyclical Maintcnancc
Extraordinary
Repair||136,467
(19,715)
26 016 ~63 02|||28,476
16576||145,228
210090|
|||1,307,883|||(8,748)||1,299,135||
||Restricted
funds||||||||
||WBC Household
Support Grant||||10,000|||10,000|
||Endowment
funds||||||||
||Relief in Need|10,695,035|||509,737||11,204,772||
||Almshouse||376303||5993|||382 296|
|||~27|071|38|515730||11|507 068|
||TOTAL FUNDS|~22|79|221|516982||12|096 203|
##
##
|||||Incoming|Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|---|---|
|||||resources||expended|losses|in funds|
|Unrestricted|funds||||||||
|Almshouse|||||183,574|(177,277)|4,226|10,523|
|Relief in Need|||||297,030|(254,148)|21,064|63,946|
|Cyclical Maintenance
Extraordinary
Repair||||||(23,052)
~69694)|3037
~6192|(19,715)
~63502)|
||||||480,604|(524,171)|34,819|(8,748)|
|Restricted
funds|||||||||
|WBC Household||Support Grant|||155,000|(145,000)||10,000|
|Endowment|funds||||||||
|Relief in Need
Almshouse||||||(50,127)
~284|559,864
~877|509,737
~5993|
|||||||~52511)|~568241|~515730|
|TOTALFUNDS||||~635604||721682|~603060|~516982|
|Comparatives|for movement||in funds||||||
|||||||Net|Transfers||
|||||||movement|between|At|
|||||At 1.4.20||in funds|funds|31.3.21|
||||||f,|||f.|
|Unrestricted|funds||||||||
|Almshouse|||||265,859|28/58|(39,676)|254,441|
|Rclicf in Nccd|||||498,886|153,073||651,959|
|Cyclical Maintenance|||||103,991|8,564|23,912|136,467|
|Extraordinary|Repair||||2tl0 U70|49,182|15;64|215 tilt|
|||||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|101570||376,303|
|||||8|416 970|2.654368||11 071 338|
|TOTAL FUNDS||||9|481 776|2 893443||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
Extraordinary
Repair||(23,028)
~9443|31,592
58 623|8,564
49 182|
||508,965|(455,412)|185,524|239,077|
|Endowment
funds|||||
|Relief in Need
Almshouse
TOTAL FUNDS|508 965|(45,866)
~3539
~47 4tl5
~502 817|2,598,664
103 ltl9
2 7tll 773
2 887 "97|2,552,798
ltll 570
2 654 368
2 893 445|
##
##
##
##
##
##
##
##
##
##
##
|||||31.3.22|31.3.21|
|---|---|---|---|---|---|
||||||f.|
|Financial|assets measured
at amortised
cost|||27,888|34,898|
|Financial|assets measured
at fair value|||12,712,667|11,975,527|
|Financial|liabilities
measured
at amortised|cost||43 846|68 644|
|The charity's
income, expense, gains and||losses in respect offinancial|instruments|are summarised|below:|
|Financial|assets measured
at fair value|||307,567|362,315|
|Financial|liabilities
measured
at amortised|cost||||