2021-03-31-accounts

				Page
Reference and administrative		details ofthe charity, trustees	and advisers	1-2
Trustees' report				3-13
Independent auditor's	report	on the financial statements		14-17
Statement offinancial	activities			18
Balance sheet				19
Statement ofcash flows				20
Notes to the financial	statements			21-42

		Unrestricted	Restricted	Endowment	Total	Total
		funds	funds	funds	funds	funds
	Note	2021f	2021f	2021f	2021f	2020 F
Income and
endowments from:
Donations and legacies	4					9,341
Charitable activities	5	557,254	5,224		562,478	547,609
Investments		401,142	316		401,458	436,866
Total income and endowments		958,396	5,540		963,936	993,816
Expenditure on:
Raising funds		32,083	2,280	18,433	52,796	56,883
Charitable activities		509,914	450	141,992	652,356	688,236
Total expenditure		541,997	2,730	160,425	705,152	745,119
Net
income/(expenditur
e) before net
gains/(losses) on
investments		416,399	2,810	(160,425)	258,784	248,697
Net gains/(losses) on investments		692,029		1,130,448	1,822,477	(1,529,136)
Net movement in funds		1,108,428	2,810	970,023	2,081,261	(1,280,439)
Reconciliation of
funds:
Total funds brought forward		11,603,631	14,073	10,041,293	21,658,997	22,939,436
Net movement in funds		1,108,42&	2,810	970,023	2,081,261	(1,280,439)
Total funds carried forward		12,712,059	16,883	11,011,316	23,740,258	21,658,997

					2021		2020
			Note		F
Fixed assets
Tangible assets			13		8,968,578		9,106,512
Investments			15		11,489,701		9,339,280
Investment	property		14		2,069,000		2,069,000
					22,527,279		20,514,792
Current assets
Debtors			16	78,472		112,942
Investments			17	1,052,980		1,081,059
Cash at bank and		in hand		181,428		87,679
				1,312,880		1,281,680
Creditors: amounts		falling due within one
year			18	(99,901)		(137,475)
Net current	assets				1,212,979		1,144,205
Net assets					23,740,258		21,658,997
Charity funds
Endowment	funds		19		11,011,316		10,041,293
Restricted funds			19		16,883		14,073
Unrestricted	funds		19		12,712,059		11,603,631
Total funds					23,740,258		21,658,997

						2021	2020
					Note		F
Cash flows from operating		activities
Net cash	used in operating	activities			22	69,175	(468,464)
Cash flows from investing		activities
Dividends, interests and rents from investments						401,458	436,866
Purchase	oftangible fixed assets					(5,845)
Proceeds	from sale of investments					497,360	906,959
Purchase	of investments					(868,399)	(937,034)
Net cash	provided by investing activities					24,574	406,791
Change	in cash and cash	equivalents	in	the year		93,749	(61,673)
Cash and	cash equivalents	at the beginning		ofthe year		87,679	149,352
Cash and cash equivalents		at the end of		the year	23	181,428	87,679
The notes on pages 21 to 42 form part ofthese financial statements

Freehold	property	- 50 or 80years straight	- 50 or 80years straight	line
Freehold	land	- Not depreciated
Almshouse	equipment	- 20 years straight	line
Computer	and office equipment	- 5years straight	line

			Unrestricted	Restricted	Total
			funds	funds	funds
			2021	2021f	2021f
Almshouses	-weekly maintenance	contributions	557,254		557,254
Sundry income
Spade Husbandry				5,224	5,224
			557,254	5,224	562,478
			Unrestricted	Restricted	Total
			funds	funds	funds
			2020	2020	2020
			E
Almshouses	-weekly maintenance	contributions	541,738		541,738
Sundry income			1,115		1,115
Spade Husbandry				4,756	4,756
			542,853	4,756	547,609

			Unrestricted	Restricted	Total
			funds	funds	funds
			2021	2021f	2021
Income from investment		properties	45,051		45,051
Dividends	receivable		354,188	297	354,485
Deposit interest			1,903	19	1,922
			401,142	316	401,458
			Unrestricted	Restricted	Total
			funds	funds	funds
			2020	2020	2020
					F
Income from investment		properties	35,757		35,757
Dividends	receivable		394,967	297	395,264
Deposit interest			5,839	6	5,845
			436,563	303	436,866

		Unrestricted	Restricted		Endowment	Total
		funds	funds		funds	funds
		2021	2021		2021	2021
Telephone		700				700
Staff training and travel		41				41
Printing, postage and stationery		391				391
Computer costs		414				414
Subscriptions		174				174
Sundry costs		72				72
investment managers'	fees	9,217			18,433	27,650
Staff costs -gross salary		19,192	2,098			21,290
Staff costs - Nl		1,882	182			2,064
		32,083	2,280		18,433	52,796
		Unrestricted	Restricted		Endowment	Total
		funds	funds		funds	funds
		2020	2020		2020	2020
Allotment expenses		4,161				4,161
Telephone		648				648
Staff training and travel		336				336
Printing, postage and stationery		280				280
Computer costs		1,239				1,239
Subscriptions		228				228
Sundry costs		90				90
Investment managers'	fees	9,320			18,640	27,960
Staff costs —gross salary		18,017	2,735	'		20,752
Staff costs - Nl		951	238			1,189
		35,270	2,973		18,640	56,883

		Grants to	Grants to	Total
		Institutions	Individuals	funds
		2021	2021	2021
Grants	payable	25,930	31,886	57,816

		Grants to	Grants to	Total
		Institutions	Individuals	funds
		2020	2020	2020
		P	E
Grants	payable	8,950	50,692	59,642

The Chari	ty has made the following material grants to institution	s during the year:
		2021	2020
Name of	institution
CAP Organisation		7,000
Christian	Kitchen	10,000
		17,000
Other grants less than P5,000 to institutions		8,930	8,950
		25,930	8,950

		Unrestricted	Restricted	Endowment	Total
		funds	funds	funds	funds
		2021f	2021	2021f	2021 E
Charitable	activities	509,914	450	141,992	652,356
		Unrestricted	Restricted	Endowment	Total
		funds	funds	funds	funds
		2020	2020	2020	2020
				F
Charitable	activities	545,593	651	141,992	688,236

					Activities	Grant	Grant
					undertaken	funding	of	Support	Total
					directly	activities		costs	funds
					2021	2021f		2021	2021
Charitable		activities			530,684	57,816		63,856	652,356
					Activities	Grant
					undertaken	funding	of	Support	Total
					directly	activities		costs	funds
					2020	2020		2020	2020
					F		E
Charitable		activities			553,116	59,642		75,478	688,236
Analysis ofdirect			costs
								Total	Total
								funds	funds
								2021	2020
Staff costs								143,161	142,825
Depreciation								143,779	143,779
Legal and	professional			fees				10,799	10,626
Routine repairs								104,543	118,454
Computer	costs							650	600
Light and heat								53,545	58,504
Water rates								17,666	18,391
Council tax		for empty		flats				210	204
Security								11,916	12,153
Residents	outings		and	parties				2,704	5,000
Residents	TV licences							905	787
Insurance								17,403	16,737
Cleaning								10,537	10,833
Garden maintenance								12,866	14,223
								530,684	553,116

					Total	Total
					funds	funds
					2021	2020
Staff costs					28,984	28,680
Telephone					7,066	6,543
Staff training	and	travel			411	3,368
Printing, postage		and stationery			3,496	2,510
Computer costs					4,188	12,535
Subscriptions					1,770	2,313
Sundry costs					727	908
Trustee meetings		and	expenses			3,592
Audit fee and	statutory		accounts	production	11,815	11,520
Legal and professional			fees		4,815	3,509
Bad debt expense					584
					63,856	75,478

		2021	2020
Wages	and salaries	174,142	170,854
Social	security costs	11,563	12,747
Other	pension costs	9,794	9,845
		195,499	193,446

		2021	2020
		No.	No.
Office staff
Operational	staff

Office staff
Operational	staff

	Freehold	Fixtures and	Office
	property E	fittings f	equipment	Totalf
Cost or valuation
At 1 April 2020	10,408,325	35,743	7,805	10,451,873
Additions	5,845			5,845
At 31 March 2021	10,414,170	35,743	7,805	10,457,718
Depreciation
At 1 April 2020	1,322,395	15,162	7,804	1,345,361
Charge for the year	141,992	1,787		143,779
At 31 March 2021	1,464,387	16,949	7,804	1,489,140
Net book value
At 31 March 2021	8,949,783	18,794	1	8,968,578
At 31 March 2020	9,085,930	20,581	1	9,106,512

Original cost offreehold property
	2021f
The Ridgers Almshouses	955,748
Monoux Almshouses	647,819
Squires Almshouses	133,830
Collard Almshouses	1,506,825
1CThe Drive (see below)	7,164,103
	10,408,325

	Freehold
	investment
	property
Valuation
At 1 April 2020	2,069,000
At 31 March 2021	2,069,000

				Unlisted	Listed
				securities	securities	Total
Cost or valuation
At 1 April 2020					9,339,279	9,339,280
Additions					868,399	868,399
Disposals					(497,360)	(497,360)
Revaluations					1,779,382	1,779,382
At 31 March 2021				1	11,489,700	'I1,489,701
Net book value
At 31 March 2021				1	11,489,700	11,489,701
At 31 March 2020					9,339,279	9,339,280
Material investments
					2021	2020
Charities Prop Fd	Property		Fund Income		245,927	249,624
M8 G Investment	Charibond		Inc		287,070	286,303
M8 G Investment	Charity	Multi Asset Dis			3,756,375	3,060,637
M8 G Investment	Charity	Multi Asset Acc			1,508,580	1,173,909
Ishares S8P500	Ucit Etf	USD Dist			278,936
					6,076,888	4,770,473

The following		was a subsi	diary un	dertaking oft	he Charity:
Name				Company	Registered office	or principal	Principal activity
				number	place ofbusiness
Walthamstow		Almshouse		08393301	C/o Walthamstow	8 Chingford	For the development
Development		Company	Limited		Almshouse Charity, Monoux		ofa new almshouse
					Hall, Church End, London, E17		at 1C,The Drive,
					9RL		Walthamstow.
Class of	Holding

he financial r	esults ofthe	subsidiary for	the year were:
Name			Income	Expenditure	Profit/(Loss)	Net assets
					for the
					period
Walthamstow	Almshouse		86,467	87,024	(557)	10,720
Development	Company	Limited

		2021	2020
Due within one year
Trade debtors		9,292	17,200
Amounts owed by group undertakings			9,203
Other debtors		5,254	25,470
Prepayments	and accrued income	63,926	61,069
		78,472	112,942

Fort	he year e	nded 31 March 2021	nded 31 March 2021	nded 31 March 2021	nded 31 March 2021
17.	Current	asset investments
							2021	2020
	Investment deposit		funds				1,052,980	1,081,059
18.	Creditors: Amounts				falling due	within one year
							2021	2020
	Trade creditors						23,081	18,060
	Amounts	owed to group undertakings					17,581
	Other creditors						273	82,168
	Accruals	and deferred			income		58,966	37,247
							99,901	137,475
							2021	2020
	Deferred	income at		1	April 2020		10,625	12,880
	Resources deferred			during the year			12,374	10,625
	Amounts	released	from previous			periods	(10,625)	(12,880)
							12,374	10,625

						Balance at
	Balance at 1			Transfers	Gains/	31 March
	April 2020	Income	Expenditure	in/out	(Losses)	2021
Unrestricted
funds
Designated
funds
Almshouse
building	9,067,252			443,045	369,210	9,879,507
Extraordinary
repairs	1,203,215		(11,846)	47,399	210,350	1,449,118
Cyclical
maintenance	433,164		(27,760)	78,030		483,434
	10,703,631		(39,606)	568,474	579,560	11,812,059
General funds
General funds	900,000	958,396	(502,391)	(568,474)	112,469	900,000
Total
Unrestricted
funds	11,603,631	958,396	(541,997)		692,029	12,712,059

investment depo	sits).
Endowment
funds
Capital fund	10,035,363	(160,425)	1,129,100	11,004,038
Spade
Husbandry	5,930		1,348	7,278
	10,041,293	(160,425)	1,130,448	11,011,316

Statement offun	ds - prior year
						Balance at
	Balance at			Transfers	Gains/	31 March
	1 April 2019	Income	Expenditure	in/out	(Losses)	2020
		E		F
Unrestricted
funds
Designated
funds
Almshouse
building	9,112,883			264,121	(309,752)	9,067,252
Extraordinary
repairs	1,363,653		(12,220)	28,257	(176,475)	1,203,2'i 5
Cyclical
maintenance	399,785		(13,138)	46,517		433,164
	10,876,321		(25,358)	338,895	(486,227)	10,703,631
General funds
General funds	900,000	988,757	(555,505)	(338,895)	(94,357)	900,000
Total
Unrestricted
funds	11,776,321		(580,863)		(580,584)	11,603,631
Endowment
funds
Capital fund	11,143,263		(160,632)		(947,268)	10,035,363
Spade
Husbandry	7,214				(1,284)	5,930
	11,150,477		(160,632)		(948,552)	10,041,293
Restricted
funds
Spade income	12,638	5,059	(3,624)			14,073
Total offunds	22,939,436	5,059	(745,119)		(1,529,136)	21,658,997

Summary	offun	ds - current year
							Balance at
		Balance at 1			Transfers	Gains/	31 March
		April 2020	income	Expenditure	in/out	(Losses)	2021
		F			F	F
Designated
funds		10,703,631		(39,606)	568,474	579,560	11,812,059
General funds		900,000	958,396	(502,391)	(568,474)	112,469	900,000
Endowment
funds		10,041,293		(160,425)		1,130,448	11,011,316
Restricted	funds	14,073	5,540	(2,730)			16,883
		21,658,997	963,936	(705,152)		1,822,477	23,740,258
Summary	offunds - prior year
							Balance at
		Balance at			Transfers	Gains/	31 March
		1 April 2019	Income	Expenditure	in/out	(Losses)	2020
				F	F		F
Designated
funds		10,876,321		(25,358)	338,895	(486,227)	10,703,631
General funds		900,000	988,757	(555,505)	(338,895)	(94,357)	900,000
Endowment
funds		11,150,477		(160,632)		(948,552)	10,041,293
Restricted	funds	12,638	5,059	(3,624)			14,073
		22,939,436	993,816	(745,119)		(1,529,136)	21,658,997

Analysis	ofnet assets between fund	s - current year
		Unrestricted	Restricted	Endowment	Total
		funds	funds	funds	funds
		2021	2021	2021	2021
				F	F
Tangible fixed assets		7,052,625		1,915,953	8,968,578
Fixed asset investments		4,463,338		7,026,363	11,489,701
Investment	property			2,069,000	2,069,000
Current assets		1,295,997	16,883		1,312,880
Creditors	due within one year	(99,901)			(99,901)
Total		12,712,059	16,883	11,011,316	23,740,258

								Unrestricted	Unrestricted	Restricted	Restricted	Endowment	Total
									funds		funds	funds	funds
									2020		2020	2020	2020
												F	F
	Tangible fixed assets								7,030,134			2,076,378	9,106,512
	Fixed asset investments								3,443,365			5,895,915	9,339,280
	Investment property											2,069,000	2,069,000
	Current assets								1,267,607		14,073		1,281,680
	Creditors due within	one year							(137,475)				(137,475)
	Total							11,603,631			14,073	10,041,293	21,658,997
22.	Reconciliation ofnet movement				in funds		to	net	cash flow	from	operating	activities
												2021	2020
	Net income/expenditure		for	the	year	(as		per	Statement	of	Financial
	Activities)											2,081,261	(1,280,439)
	Adjustments for:
	Depreciation charges											143,779	143,779
	Gains/(losses) on investments											(1,779,382)	1,529,136
	Dividends, interests	and	rents	from	investments							(401,458)	(436,866)
	Decrease/(increase)	In debtors										34,470	(12,074)
	Decrease in creditors											(37,574)	(31,155)
	Decrease/(increase)	in current		asset investments								28,079	(380,845)
	Net cash provided by/(used			in) operating			activities					69,175	(468,464)
23.	Analysis ofcash and cash equivalents
												2021f	2020
	Cash in hand											181,428	87,679

					At 1 April		At 31 March
					2020	Cash flows	2021
						F
					F
	Cash at bank and in hand				87,679	93,749	181,428
	Liquid investments				1,081,059	(28,079)	1,052,980
					1,168,738	65,670	1,234,408
25.	Capital commitments
						2021	2020
						F	F
	Contracted	for but not provided		in these financial statements
	Acquisition	oftangible	fixed assets				9,273