## 

|||||Page|
|---|---|---|---|---|
|Reference and administrative||details ofthe charity, trustees|and advisers|1-2|
|Trustees' report||||3-13|
|Independent<br>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|





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|||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|
|||funds|funds|funds|funds|funds|
||Note|2021f|2021f|2021f|2021f|2020<br>F|
|Income and|||||||
|endowments<br>from:|||||||
|Donations<br>and legacies|4|||||9,341|
|Charitable<br>activities|5|557,254|5,224||562,478|547,609|
|Investments||401,142|316||401,458|436,866|
|Total income and<br>endowments||958,396|5,540||963,936|993,816|
|Expenditure<br>on:|||||||
|Raising funds||32,083|2,280|18,433|52,796|56,883|
|Charitable<br>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)<br>on|||||||
|investments||416,399|2,810|(160,425)|258,784|248,697|
|Net gains/(losses)<br>on<br>investments||692,029||1,130,448|1,822,477|(1,529,136)|
|Net movement<br>in<br>funds||1,108,428|2,810|970,023|2,081,261|(1,280,439)|
|Reconciliation<br>of|||||||
|funds:|||||||
|Total funds brought<br>forward||11,603,631|14,073|10,041,293|21,658,997|22,939,436|
|Net movement<br>in funds||1,108,42&|2,810|970,023|2,081,261|(1,280,439)|
|Total funds carried<br>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<br>in operating|activities|||22|69,175|(468,464)|
|Cash flows from investing||activities||||||
|Dividends,<br>interests<br>and rents from investments||||||401,458|436,866|
|Purchase|oftangible<br>fixed assets|||||(5,845)||
|Proceeds|from sale of investments|||||497,360|906,959|
|Purchase|of investments|||||(868,399)|(937,034)|
|Net cash|provided<br>by investing<br>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||||||||





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## 

|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||





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## 

||||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<br>and travel||41||||41|
|Printing,<br>postage and stationery||391||||391|
|Computer costs||414||||414|
|Subscriptions||174||||174|
|Sundry costs||72||||72|
|investment<br>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<br>expenses||4,161||||4,161|
|Telephone||648||||648|
|Staff training<br>and travel||336||||336|
|Printing,<br>postage and stationery||280||||280|
|Computer costs||1,239||||1,239|
|Subscriptions||228||||228|
|Sundry costs||90||||90|
|Investment<br>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<br>material<br>grants to institution|s<br>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<br>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<br>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,<br>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<br>E|fittings<br>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<br>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<br>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<br>un|dertaking<br>oft|he Charity:|||
|---|---|---|---|---|---|---|---|
|Name||||Company|Registered office|or principal|Principal<br>activity|
|||||number|place ofbusiness|||
|Walthamstow||Almshouse||08393301|C/o Walthamstow|8 Chingford|For the development|
|Development||Company|Limited||Almshouse<br>Charity,<br>Monoux||ofa new almshouse|
||||||Hall, Church<br>End, London, E17||at 1C,The Drive,|
||||||9RL||Walthamstow.|
|Class of|Holding|||||||



## 

|he financial<br>r|esults ofthe|subsidiary<br>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<br>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<br>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<br>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<br>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<br>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<br>ofnet movement||||in funds||to|net|cash flow|from|operating|activities||
|||||||||||||2021|2020|
||Net<br>income/expenditure||for|the|year|(as||per|Statement|of|Financial|||
||Activities)|||||||||||2,081,261|(1,280,439)|
||Adjustments<br>for:|||||||||||||
||Depreciation<br>charges|||||||||||143,779|143,779|
||Gains/(losses)<br>on investments|||||||||||(1,779,382)|1,529,136|
||Dividends,<br>interests|and|rents|from|investments|||||||(401,458)|(436,866)|
||Decrease/(increase)|In debtors||||||||||34,470|(12,074)|
||Decrease<br>in creditors|||||||||||(37,574)|(31,155)|
||Decrease/(increase)|in current||asset investments||||||||28,079|(380,845)|
||Net cash provided<br>by/(used|||in) operating|||activities|||||69,175|(468,464)|
|23.|Analysis<br>ofcash and cash equivalents|||||||||||||
|||||||||||||2021f|2020|
||Cash in hand|||||||||||181,428|87,679|





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||||||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|



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