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||**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**|





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30 July 2021 



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||||**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**<br>**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**|





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|**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**|





## 

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|**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**|



## 



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## 

|**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`**|



## 

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|**NET** **RESOURCES** **EXPENDED**<br>**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|





## 

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|**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**|





## 





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## 

||**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**|





## 

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||**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**|



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