2020-12-30-accounts

	Page
Legal and administrative information	1
Trustees' report	2-14
Independent auditor’s report	15-18
Statement of financial activities	19
Balance sheet	20
Cash flow statement	21
Notes to the financial statements	22-33

30 July 2021

			Permanent
		Unrestricted	endowment	Total	Total
		Funds	Fund	2020	2019
Note		£	£	£	£
INCOME AND ENDOWMENTS FROM:
investments	2	675,221		675,221	786,339
Charitable activities	3	81,791		81,791	82,469
Donations	4	200		200
Government grant	5	14,272		14,272
TOTAL INCOME AND ENDOWMENTS		771,484 -		771,484 -	868,808
EXPENDITURE ON:
Cost of raising funds:
Investment property costs	6	51,329		51,329	56,256
Charitable activities:	7
Member support		277,582		277,582	262,253
Almhouses provision		478,528		478,528	464,542
TOTAL EXPENDITURE		807,438		607,438 -	803,051
NET INCOME/(EXPENITURE) AND NET
MOVEMENT IN FUNDS BEFORE GAINS
AND LOSSES ON INVESTMENTS		(35,954)		(35,954)	65,757
Gains and losses on investment
assets 14,15		(216,341)		(216,341)	1,894,424
Revaluation of tangible fixed assets 13		223,732		223,732	223,732
Transfer between funds		249.000	(249.000)
NET MOVEMENT IN FUNDS FOR THE	YEAR	220,437 -	(249,000) -	(28,563) -	2,183,913
Funds brought forward at 31 0ecember2019		31,102,730	249,000	31,351,730	29,167.816
TOTAL FUNDS AT 30 DECEMBER 2020		31,323,167		31,323,167	31,351,729

17 June 2021

	SOUTHWARK CHARITIES
	STATEMENT OF CASH FLOWS
	for the year ended 30 December 2020
	Note	2020	2019
		£	£
Cash flows from operating activities	20	(1.566.609)	(1.150.773)
Cash flows from Investir^ activities
Investment income	2	675.222	766.339
Purchase of investments
Proceeds from sate of investments	15		1,444,667
Change in cash and cash equivalents	in the year	(911.367)	1.060.433
Cash and cash equivalents brought fonvard		1,626.737	546,304
Cash and cash equivalents carried forward		717,450	1.628,737

INVESTMENT INCOME
	Unrestricted	Unrestricted
	funds 2020	funds 2019
	£	£
Rentel income - Investment properties	142,757	192.372
Dividend income from listed investments	528,893	589,246
Bank interest received	3,571	4.721
	675,221	766,339

Unrestricted	Unrestricted
funds 2020	funds 2019
£	£
81,791	82,469
Unrestricted	Unrestricted
funds 2020	funds 2019
£	£
200

Unrestricted	Unrestricted
funds 2020	funds 2019
£	£
14,272
Unrestricted	Unrestricted
funds 2020	funds 2019
£	£
26,567	36,513
24,762	19,743
51,329	56,256

EXPENDITURE ON CHARITABLE ACTIVITES
	Member	Almshouses	Total 2020	2019
	support	Provision
	e	£	£	£
Almshouses expenses		167.050	167,050	172,252
Christmas parties and gifts	23,353		23,353	27,330
Summer holiday benefits				57,393
Outdoor pensions	31,900		31,900	34,025
Grants payable (Note 11)	146,361		148,361	92,321
Support costs (Notes 9)	50,695	288,405	339,300	315,866
Governance coste (Note 8)	23,073	23,073	46,145	36,613
Net expenditure from charitable activities	277,582	476.528	756,109	735,800
GOVERNANCE COSTS
			Unresbicted	Unrestricted
			funds 2020	funds 2019
			£	£
Auditors remuneration			11,940	12.321
Other accountancy Fees			2,985
Legal and professional fees			6,458	4,548
Support costs (Note 9)			24,762	19,743
			46,145	36,613

SUPPORT COSTS
	Costs of	Charitable	Governance	Total 2020	Total 2019
	raising	activities	costs
	funds
	£	£	£	£	£
Training					258
Telephone	336	1,568	336	2,240	2,179
Computer expenses	2,404	11,221	2,404	16,029	6,963
Council Tax & Rates	389	1,816	389	2,594	687
Insurance	229	1,067	229	1,525	1,412
Printing, postage & stationary	489	2,283	489	3,261	2,961
Repair & maintenance	30	140	30	200	1,172
Travel	145	678	145	968	664
Subscriptions	227	1,060	227	1,514	1,464
Sundry expenses	473	2,213	473	3,159	2,567
Advertising
Pension	1,345	6,276	1,345	8,966
Social security	1,777	8,294	1,777	11,848
Wages & Salaries	16,918	78,952	16,918	112,788	122,090
Depreciation		223.732		223,732	223,732
	24,762	339,300	24,762	368.624	366.349

NET RESOURCES EXPENDED This is stated after charging;
	2020	2019
	£	£
Depredation of tangible fixed assets: owned by the charity	223,732	223,732
Auditors' remuneration	11,940	11,940
During the year, no Trustees received any remuneration
During the year, no Trustees received any benefits in kind.
During the year, no Trustees received any reimbursement of expenses.

11	GRANT AWARDS
	Grants awarded to organisations and individuals during the year are Iteted below;
		2020
		£
	AsUey & Cooper TRA	5.400
	AGE UK	12.000
	Blackfriars Settlement	11.000
	London Senior Social	16.080
	MAN Elders Group	6.700
	Mint St Music Festival	1.000
	Pecan Hourbank	S.000
	Silverfit	3.840
	Southwark Playhouse	2.025
	Time & Talents	5.000
	Walworth Golden Oldies	1.440
	Southwark Community Response Fund	75.000
		144.465
	Grants awarded to individuals	3.876
	Total Grants awarded	148.361
12	STAFF COSTS
	Staff costs were as follows:
		2020	2019
		£	£
	Wages and salaries	116.776	116.873
	Social security costs	11.848	11,065
	Other pension costs	8.966	8.310
		137,590	136.249
	The average monthly number of employees during ttie year was as follows;
		2020	2019
		No.	No.
		3	3
	One employee received remunerafion between £70.000-£79,000 (2019: nil) and no employees received remuneration
	between £60.000- £69,999 (2019:1 employee)
	Key management personnel include the Trustees and Chief Executive Officer. Total remuneration paid was £84.053.

13	TANGIBLE FIXED ASSETS
		Freehold
		Property
		£
	Valuation
	At 31 December 2019	11.186.599
	Additions
	Revaluation
	At 30 December 2020	11,166.599
	Depreciation
	Charge for die year	223.732
	On revalued assets	(223,^2)
	At 30 December 2020
	Net Book Value
	At 30 December 2020	11.166.599
	At 30 December 2019	11,166.599

iNVESTMENT PROPERTY
	investment	investment
	property 2020	property 2019
	£	£
Valuation
At 30 December 2019	3,611,976	3.811.976
Additions
Di^sals
Surplus/{deficit) on revaluation
At 30 December 2020	3.811.976	3.811.976

	Listed	Listed
	securities	securities 2019
	2020
	£	£
Market value
At 30 December 2019	14.105.530	13,655.972
Additions
Disposal proceeds		(1.444,867)
Realised/unrealised gains	(216.341)	1.894,425
At 30 December 2020	13.669.189	14.105.530
Investment at market value comprise:
	2020	2019
Ml the fixed asset investments are held in the UK.	£	£
Listed investments	13.669.169	14.105.530
Unlisted Investment in subsidiaries	2020	2019
	£	£
Edward Edwards Development Company Linfited	100	100
Cwnpanyno: 11847761
Country of regrsIralrbnAvreralrbn; England and Wales
Principal actrwtfes: Development of building projects
Total Fixed teset Investments	13,869.269	14,105.630

	Funds	Incoming	Resources	Transfer	Gains/	Carried
	b/fwd	resources	expended		(Losses)	forward
	£	£	£	£	£	£
Des^nated funds	8.246.905		(33,656)	33.656		8.246.905
General funds	22.855,825	770,607	(772,905)	215.344	7,391	23,076.262
Permanent						0
endowment fund	249,000			(249,000)
	31,351,730	770,607	(606,561)		7,391	31,323,167

	General	Designated	Total	Total
	fund	fund	2020	2019
	£	£	£	£
Tangible fixed assets	5,996,169	5,190,430	11,166,599	11,186,599
Fixed asset inve^ents	12,910.213	978.976	13,889,189	14,105,630
Investment property	3,811,976		3,811,976	3,611,976
Debtors	37,710	1,709,014	1,746.725	652,306
Cash at ftte bank and in hand	717,450		717,450	1,628,737
Creditors due vrithin one year	(28.771)		(28,771)	(33,519)
	23,444,747	7.678,420	31,323,167	31,351,729

	2020	2019
	£	£
Net movement on funds	(28,563)	2,183,913
Add: Depreciation charge	223,732	223,732
Deduct: Investment income	(675,221)	(786,339)
Add/Deduct: Gains on investments	216,341	(1,894,525)
Deduct: Revaluation on tangible fixed assets	(223.732)	(223,732)
Decrease (increase) in debtors	(1,094.418)	(637,425)
Increase (decrease) in creditors	(4.748)	(16,397)
	<1.586.6091	<1.150.7731
FUND BALANCES AND ASSETS AND LIABILITIES OF AMALGAMATED CHARITIES
The financial statements amalgamate the funds of Southwark (Christchurch and St. Mar/s) Qiarlties and		Joseph Collier
	Southwark	Joseph Collier
	(Chrlstehureh	Holiday Trust
	and St Mary's)
	Chailtlas
	£	£
Tangible fixed assets	11,186,599
Fixed asset Investments	13,459,987	429,202
Investment property	3,811,976
Debtors	1,746.724
Cash at the bank in hand	717,450
Creditors due within one year	(28.771)
	30.893.96S	429,202