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2021-03-31-accounts

Directors
			Mark Hancock
			Julian Smith
			Katie Bond
			Hugh Bullock
			Chris Adcock (resigned 14April 2021)
			Sandra Skeete (resigned 18November		2020)
Secretary			Hugh Bruce-Watt
Registered	Office		1Lancaster Place
			Strand
			London
			WC2E 7ED
Company	registration	number	06455755
Charity number			1130880
Auditors			Saffery Champness	LLP
			71Queen Victoria	Street
			London
			EC4V 4BE
Bankers			Coutts 5Co
			440 Strand
			London
			WC2R OQS
Solicitors			Trowers and Hamlins
			3 Bunhill Row
			London
			EC1Y8YZ

	Notes	2021	2020
Income from:
Charitable activities		184,815	1,147,762
Other		162	881
Total income		184,977	1,148,643
Expenditure on:
Charitable activities		96,051	89,458
Total expenditure		96,051	89,458
Other gains and losses			(320,625)
Net income forthe year		88,926	738,560
Net movement in funds		88,926	738,560
Total funds brought forward		5,591,634	4,853,074
Total funds carried forward		5,680,560	5,591,634

			Notes	2021	2020
Fixed assets
Tangible assets				5,197,989	5,081,000
Current assets
Debtors				26,847	7,970
Cash at bank				471,335	527,975
Current liabilities
Creditors			10	(15,611)	(25,311)
Net current	assets			482,571	510,634
Net assets				5,680,560	5,591,634
Reserves
Unrestricted	genera	I fund		5,680,560	5,591,634
Net funds				5,680,560	5,591,634

				2021		2020
		Notes		f		f
Net cash provided by/(used	in)			60,187		1,073,018
operating activities
Cash flows from investing	activities
Purchase oftangible assets			(116,989)		(914,241)
Interest received			162		881
Net cash used in investing	activities			(116,827)		(913,360)
Net (decrease)/increase in	cash			(56,640)		159,658
Cash at the beginning ofthe year				527,975		368,317
Cash at the end ofthe year				471,335		527,975

3.	Income from charitable	Income from charitable	Income from charitable	activities	activities
									2020
									f
	Donation	from Duchy ofLancaster							1,000,000
	Rent receivable		from affordable			housing		184,815	147,762
								184,815	1,147,762
4.	Other
								2021	2020
	Bank interest							162	881
								162	881
5.	Charitable	activities
									2020
									f
	Property	maintenance		and	repairs			59,240	56,398
	Property	management		fees				14,181	15,331
	Other legal and		professional		fees			8,295	5,300
	Bank charges
	Audit fees							5,700	6,550
	Insurance	costs						8,290	5,879
	Bad and	doubtful	debts					345
								96,051	89,458
	Other gains and		losses
	fixed asset investments
								2021	2020
								f	f
	Changes	in the fair value of			investment		properties		(320,625)

Tangible fixed assets
	Land and
	Buildings
Cost
At 1April 2020	5,081,000
Additions	116,989
Revaluation
At 31March 2021	5,197,989

Debtors
	2021	2020
Other debtors	26,847	7,970
	26,847	7,970

Creditors
	2021	2020
	f	f
Creditors	15,611	25,311
	15,611	25,311

				Investments		Transfers	As at31
	As at 1	Incoming	Outgoing	Gains/		between	March
	April 2020 E	resources f	resources f	(losses) f		funds f	2021 f
Unrestricted
funds:
General funds	5,591,634	184,977	(96,051)				5,680,560
	5,591,634	184,977	(96,051)				5,680,560

				2021	2020
					f
Net income/(expenditure)		for the reporting	period	88,926	738,560
Adjustments for:
Interest received				(162)	(881)
(Increase)/decrease	in debtors			(18,877)	(2,666)
Increase/(decrease)	in creditors within one		year	(9,700)	17,380
(Gain)/loss on investment		property			320,625
				60,187	1,073,018