## 

|||Page|
|---|---|---|
|Legal and administrative|information||
|Directors' report|||
|independent<br>auditor's|report||
|Statement offinancial|activities|10|
|Balance sheet|||
|Cashflow statement||12|
|Notes to the financial|statements|13|





## 

|Directors|||Mark Hancock||||
|---|---|---|---|---|---|---|
||||Julian Smith||||
||||Katie Bond||||
||||Hugh Bullock||||
||||Lisa Duckworth|appointed||10/02/22|
|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||||
||||Coutts 5Co||||
||||440 Strand||||
||||London||||
||||WC2R OQS||||
|Solicitors|||Trowers and Hamlins||||
||||3 Bunhill Row||||
||||London||||
||||EC1Y8YZ||||





## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

## 



## 

## 

## 

## 



## 

## 



## 

## 




## 

|||Notes|2022|2021|
|---|---|---|---|---|
|Income from:|||||
|Charitable<br>activities|||1,088,965|184,815|
|Other||||162|
|Total income|||1,089,014|184,977|
|Expenditure<br>on:|||||
|Charitable<br>activities|||114,673|96,051|
|Total expenditure|||114,673|96,051|
|Other gains and losses|||||
|Net income for the|year||974,341|88,926|
|Net movement<br>in funds|||974,341|88,926|
|Total funds brought|forward||5,680,560|5,591,634|
|Total funds carried|forward||6,654,901|5,680,560|





## 

||Notes|2022|2021|
|---|---|---|---|
|Fixed assets||||
|Tangible assets||5,900,921|5,197,989|
|Current assets||||
|Debtors||220,969|26,847|
|Cash at bank||594,415|471,335|
|Current liabilities||||
|Creditors|10|(61,404)|(15,611)|
|Net current assets||753,980|482,571|
|Net assets||6,654,901|5,680,560|
|Reserves||||
|Unrestricted<br>funds:||||
|General<br>Fund||753,979||
|Designated<br>Fund||5,900,922|5,680,560|
|Net funds||6,654,901|5,680,560|





## 

|||||2022||2021|
|---|---|---|---|---|---|---|
|||Notes||f|||
|Net cash provided<br>by/(used|in)|||825,963||60,187|
|operating<br>activities|||||||
|Cash flows from investing|activities||||||
|Purchase oftangible assets|||(702,932)||(116,989)||
|Interest received|||49||162||
|Net cash used in investing|activities|||(702,883)||(116,827)|
|Net (decrease)/increase<br>in|cash|||123,080||(56,640)|
|Cash at the beginning<br>ofthe year||||471,335||527,975|
|Cash at the end ofthe year||||594,415||471,335|





## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 



## 

||||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||f|
||Donation||from Duchy ofLancaster||||||900,000||
||Rent receivable|||from affordable|||housing||188,965|184,815|
||||||||||1,088,965|184,815|
|4.|Other||||||||||
||||||||||2022|2021|
|||||||||||f|
||Bank interest|||||||||162|
||||||||||49|162|
||Charitable||activities||||||||
||||||||||2022|2021|
||||||||||f|f|
||Property|maintenance|||and|repairs|||67,673|59,240|
||Property|management|||fees||||22,708|14,181|
||Other legal and|||professional||fees|||4,420|8,295|
||Bank charges||||||||||
||Audit fees||||||||5,528|5,700|
||Insurance||costs||||||13,884|8,290|
||Bad and|doubtful||debts|||||460|345|
||||||||||114,673|96,051|
||Other gains and|||losses|||||||
||fixed asset||investments||||||||
||||||||||2022|2021|
||||||||||f|f|
||Changes|in|the fair value of|||investment||properties|||





## 

## 

## 

## 

|Tangible fixed assets||
|---|---|
||Land and|
||Buildings|
|Cost||
|At 1April 2021|5,197,989|
|Additions|702,932|
|Revaluation||
|At 31March 2022|5,900,921|



## 

||Debtors|||
|---|---|---|---|
|||2022|2021|
|||f|f|
||Other debtors|220,969|26,847|
|||220,969|26,847|
|10.|Creditors|||
|||2022|2021|
||Creditors|61,404|15,611|
|||61,404|15,611|





## 

## 

|Unrestricted|Unrestricted|As at 1<br>April 2021<br>f|incoming<br>resources<br>f|Outgoing<br>resources<br>f|Investments<br>Gains/<br>(losses)<br>f|Transfers<br>between<br>funds<br>f|As at 31<br>March<br>2022|
|---|---|---|---|---|---|---|---|
|funds:||||||||
|General funds<br>Designated||5,680,560|1,089,014|(114,673)||(5,900,922)|753,979|
|funds||||||||
|Property|Fund|||||5,900,922|5,900,922|
|||5,680,560|1,089,014|(114,673)|||6,654,901|



## 

## 

## 

||||||2021|
|---|---|---|---|---|---|
||||||f|
|Net income/(expenditure)||for the reporting|period|974,341|88,926|
|Adjustments<br>for:||||||
|Interest received<br>(Increase)/decrease<br>in debtors<br>Increase/(decrease)<br>in creditors within one <br>(Gain)/loss<br>on investment<br>property|||year|(49)<br>(194,122)<br>45,793|(162)<br>(18,877)<br>(9,700)|
|||||825,963|60,187|