| Page | ||
|---|---|---|
| Legal and administrative information |
||
| Trustees' report |
2-10 | |
| Independent auditor's |
report | 11-14 |
| Statement offinancial |
activities | 15 |
| Balance sheet | ||
| Cash flow statement | 17 | |
| Notes to the financial | statements | 18-29 |
| Unrestricted | Unrestricted | |||
|---|---|---|---|---|
| Funds | Funds | |||
| 2021 | 2020 | |||
| Note | E | |||
| INCOME AND ENDOWMENTS | FROM: | |||
| Investments | 779,287 | 675,221 | ||
| Charitable activities |
96,417 | 81,791 | ||
| Donations | 250 | 200 | ||
| Government grant |
11,745 | 14,272 | ||
| TOTAL INCOME AND ENDOWMENTS | 887,699 | 771,484 | ||
| EXPENDITURE ON: | ||||
| Cost ofraising funds: | ||||
| Investment property costs |
63,366 | 51,329 | ||
| Charitable activities: |
||||
| Member support | 311,497 | 277,582 | ||
| Almhouses provision |
546,178 | 478,528 | ||
| TOTAL EXPENDITURE | 921,041 | 807,438 | ||
| NET INCOME/(EXPENITURE) | AND NET | |||
| MOVEMENT IN FUNDS BEFORE GAINS |
AND | |||
| LOSSESON INVESTMENTS | (33,342) | (35,954) | ||
| Gains and losses on investment | assets | 14,15 | 2,775,173 | (216,341) |
| Revaluation oftangible fixed assets |
13 | (272,599) | 223,732 | |
| NET MOVEMENT IN FUNDS FOR THE YEAR |
2,469,232 | (28,563) | ||
| Funds brought forward at 31 December 2020 |
31,323,167 | 31,351,730 | ||
| TOTAL FUNDS AT 30 DECEMBER2021 | 33,792,399 | 31,323,167 |
| Note | |||||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| 6 | |||||
| FIXEDASSETS | |||||
| Tangible assets | 13 | 10,700,000 | 11,186,599 | ||
| Investment property |
14 | 4,794,500 | 3,811,976 | ||
| Investments | 15 | 13,982,857 | 13,889,189 | ||
| 29,477,357 | 28,867,764 | ||||
| CURRENT ASSETS | |||||
| Debtors | 18 | 2,490,513 | 1,746,724 | ||
| Cash at bank and | in hand | 1,871,097 | 717,450 | ||
| 4,361,610 | 2,464,174 | ||||
| CREDITORS: Amounts | falling | ||||
| due within one year | 17 | (46,568) | (28,771) | ||
| NET CURRENT ASSETS | 4,315,042 | 2,435,403 | |||
| NET ASSETS | 33,792,399 | 31,323,167 | |||
| CHARITY FUNDS | |||||
| Unrestricted funds |
|||||
| General fund | 18 | 24,334,043 | 23,076,262 | ||
| Designated fund |
18 | 9,458,356 | 8,246,905 | ||
| 33,792,399 | 31,323,167 |
| fo | r the year ended | 30December | 2021 | |||
|---|---|---|---|---|---|---|
| Note | 2021f | 2020 f |
||||
| Cash flows from operating | activities | 20 | (1,324,721) | (1,586,609) | ||
| Cash flows from investing activities |
||||||
| Investment income |
2 | 779,288 | 675,222 | |||
| Purchase of investments | 15 | (1,000,000) | ||||
| Proceeds from sale ofinvestments | 15 | 2,699,080 | ||||
| Change in cash and cash |
equivalents | in the year | 1,153,847 | ~911,387 | ||
| Cash and cash equivalents | brought | forward | 717,350 | 1,628,737 | ||
| Cash and cash equivalents | carried forward | 1,871,597 | 717355 | |||
| Analysis ofnet resources | ||||||
| At | 31 | December 2020 | Cashflow | At 30December 2021 | ||
| Cash at bank and in | hand | 1,628,737 | 242,360 | 1,871,097 |
| 2 | INVESTM | E | NT | INCONIE | ||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Unrestricted | |||||||
| funds 2021 | funds 2020 | |||||||
| 6 | ||||||||
| Rental income | - Investment | properties | 252,821 | 142,757 | ||||
| Dividend | income from listed investments | 526,374 | 528,893 | |||||
| Bank interest | received | 92 | 3,571 | |||||
| »9,» | 675,221 | |||||||
| 3 | INCOME | FROM CHARITABLE ACTIVITIES | ||||||
| Unrestricted | Unrestricted | |||||||
| funds 2021 | funds 2020 | |||||||
| 2 | 6 | |||||||
| Almshouses | Weekly Maintenance | charges | 96,417 | 81,791 | ||||
| 4 | INCOME | FROM DONATIONS | ||||||
| Unrestricted | Unrestricted | |||||||
| funds 2021 | funds 2020 | |||||||
| 6 | 2 | |||||||
| Donations | 250 | 200 | ||||||
| 5 | INCOME | FROSI GOVERNMENT | GRANTS | |||||
| Unrestricted | Unrestricted | |||||||
| funds 2021 | funds 2020 | |||||||
| 6 | ||||||||
| Coronavirus | Job Retention | Scheme | 11,745 | 14,272 | ||||
| 6 | COSTS OF | RAISING FUNDS | ||||||
| Unrestricted | Unrestricted | |||||||
| funds 2021 5 |
funds 2020f | |||||||
| Rental property | maintenance | costs | 27,013 | 26,567 | ||||
| Support costs | (Note 9) | 36,353 | 24,762 | |||||
| 63,366 | 51,329 |
| EXPENDITURE ON CHARITA | BLE ACTIVITES | ||||
|---|---|---|---|---|---|
| Member | Almshouses | Tote I 2021 | 2020 | ||
| sUpport | Provision | ||||
| 8 | 8 | ||||
| Almshouses expenses |
189,677 | 189,677 | 167,050 | ||
| Christmas parties and gifts |
27,560 | 27,560 | 23,353 | ||
| Outdoor pensions | 30,144 | 30,144 | 31,900 | ||
| Grants payable (Note 11) |
165,837 | 165,837 | 148,361 | ||
| Support costs (Notes 9) | 57,545 | 326,091 | 383,636 | 339,300 | |
| Governance costs (Note 8) |
30,411 | 30,411 | 60,821 | 46,145 | |
| Net expenditure from charitable |
activities | 311,497 | 546 178 | 857,675 | 756,109 |
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds 2021 | funds 2020 | ||
| 8 | 8 | ||
| Auditors | remuneration | 10,795 | 11,940 |
| Other accountancy Fees | 11,902 | 2,985 | |
| Legal and professionalfees | 1,771 | 6,458 | |
| Support | costs (Note 9) | 36,353 | 24,762 |
| 60,821 | 46,145 |
| SUPPORT COSTS | SUPPORT COSTS | |||||
|---|---|---|---|---|---|---|
| Costs of | Charitable | Governance | Total 2021 | Total 2020 | ||
| mining | activities | costs | ||||
| funds | ||||||
| Training | 378 | 1,763 | 378 | 2,519 | ||
| Telephone | 363 | 1,692 | 363 | 2,418 | 2,240 | |
| Computer expenses |
1,930 | 9,005 | 1,930 | 12,865 | 16,029 | |
| Counml Tax &Rates | 348 | 1,626 | 348 | 2.322 | 2,594 | |
| Insurance | 175 | 816 | 175 | 1,166 | 1,525 | |
| Printing, postage |
&stationary | 377 | 1,757 | 377 | 2,511 | 3,261 |
| Repair &maintenance | 23 | 105 | 23 | 151 | 200 | |
| Travel | 249 | 1,161 | 249 | 1,659 | 968 | |
| Subscriptions | 219 | 1,021 | 219 | 1,459 | 1,514 | |
| Sundry expenses | 487 | 2,270 | 487 | 3,244 | 3,159 | |
| Pension | 1,345 | 6,276 | 1,345 | 8,966 | 8,966 | |
| Social security | 1,876 | 8,756 | 1,876 | 12,509 | 11,848 | |
| Wages &Salaries | 28,583 | 133,388 | 28,583 | 190,554 | 112,788 | |
| Depreciation | 214000 | 214000 | 223732 | |||
| 38353 | 383885 | 36353 | 456343 | 388824 |
| NET RESOURCES EXPENDED | NET RESOURCES EXPENDED | NET RESOURCES EXPENDED | |||
|---|---|---|---|---|---|
| This is stated | after charging: | ||||
| 2021 | 2020 | ||||
| 8 | |||||
| Depreciation | oftangible | fixed assets: owned | by the charity | 214,000 | 223,732 |
| Auditors' remuneration |
12,000 | 11,940 | |||
| Over accrual | from prior | year | (1,205) |
| 11 | Grants awarded to or |
ganisatio | ns and indwi |
duals d |
uring the year are listed below. ' |
||
|---|---|---|---|---|---|---|---|
| 2021 | |||||||
| A Helping Hand NP |
1,500 | ||||||
| Astley &Cooper TRA | 4,000 | ||||||
| Bermondsey Artists |
4,686 | ||||||
| Blackfriars Settlement | 26,000 | ||||||
| BlindAid | 5,000 | ||||||
| Breath of life | 4,500 | ||||||
| Cop(eaton Centre | 9,885 | ||||||
| East Dulwich TRA | 10,000 | ||||||
| Elim House Community | 9,168 | ||||||
| London Senior Social | 48,300 | ||||||
| Mint St Music Festival | 250 | ||||||
| Silverfit | 18,926 | ||||||
| Southwark Playhouse |
1,980 | ||||||
| Time &Talents | 7,000 | ||||||
| Walworth Golden Oldies |
5,000 | ||||||
| Connected at Christmas | 10,000 | ||||||
| 166,195 | |||||||
| Grants awarded to individuals |
3,274 | ||||||
| Credited from previous |
year | (3,632) | |||||
| Total Grants awarded | 165,837 | ||||||
| STAFF COSTS | |||||||
| 12 | Staff costs were as follows: | ||||||
| 2021 | 2020 | ||||||
| 6 | |||||||
| Wages and salaries | 228,214 | 116,776 | |||||
| Social security costs | 12,509 | 12,509 | |||||
| Other pension costs | 8,966 | 8,966 | |||||
| 249,689 | 138,251 | ||||||
| The average monthly |
number | ofemployees | during | the year was as follows: | |||
| 2021 | 2020 | ||||||
| No. | No. |
| TANGIBLE FIXEDASSETS | Freehold |
| Property | |
| 9 | |
| Valuation | |
| At 31 December 2020 | 11,186,599 |
| Additions Revaluation |
~499.599 |
| At 30December 2021 | 10,700,000 |
| Depreciation | |
| Charge for the year | 214,000 |
| On revalued assets | |
| At 30December 2021 | |
| Net Book Value | |
| At 30December 2021 | |
| At 30December 2020 | 11,186,599 |
| INVESTMENT | PROPERTY | Investment | Investment | ||
| property | 2021 | property | 2020 | ||
| 8 | 9 | ||||
| Valuation | |||||
| At 30December | 2020 | 3,811,976 | 3,811,976 | ||
| Additions | |||||
| Disposals | |||||
| Surplus/(deficit) | on revaluation | 982,524 | |||
| At 30December | 2021 |
| Listed | Listed | |||||
|---|---|---|---|---|---|---|
| securities 2021 | securities 2020 | |||||
| Market value | ||||||
| At 30December 2020 | 13,889,189 | 14,105,530 | ||||
| Additions | 1,000,000 | |||||
| Disposal proceeds | (2,699,081) | |||||
| Realised/unreslised gains |
1,792,649 | (216,341) | ||||
| At 30December 2021 | 13,982,757 | 13,889,189 | ||||
| Investments at market value comprise: |
||||||
| 2021 | 2020 | |||||
| All the fixed asset investments | are held in | the UK | 9 | 8 | ||
| Listed investments | 13,982,757 | 13,889,189 | ||||
| Unlisted investment in subsidiaries |
2021 | 2020 | ||||
| 8 | 8 | |||||
| Edward Edwards Development |
Company | Limited | 09 | |||
| Company nor 11847761 |
||||||
| Country ofregisfrsfionropemfion | England | and Wales | ||||
| Principal aclivities Development |
of building | projects | ||||
| Total Fixed Asset Investments | 13,982,857 | 13,889,289 |
| DESTORS | 2021 | 2020 | ||||
| 6 | 6 | |||||
| Trade debtors | 18,765 | 1,117 | ||||
| Prepayments | and accrued income | 13,491 | 18,557 | |||
| Amounts due |
from subsidiary | undertakings | 2,458355 | 1,727,050 | ||
| Other debtors | ||||||
| 2,455,513 | ||||||
| CREDITORS: | amounts | falling due within one year | 2021 | 2020 | ||
| 6 | 6 | |||||
| Social security | and other | taxes | 5,957 | 3,370 | ||
| Other creditors | 28,611 | 8,401 | ||||
| Accruals and deferred |
income | 12,000 | 17,000 | |||
| 46,568 | 28,771 |
| Funds blf | Incoming | Resources | Transfer | Gains/ (Losses) | Carried | ||
|---|---|---|---|---|---|---|---|
| Resources | expended | forward | |||||
| Designated | funds | 8,246,905 | 1,266,139 | (54,688) | 9,458,356 | ||
| General funds | 23,076,262 | 887,699 | (921,041) | (1,266,139) | 2,557,262 | 24,334,043 | |
| 31,323,167 | 887,699 | (921,041) |
| General | Designated | Total | Total | |||
|---|---|---|---|---|---|---|
| fund | fund | 2021 | 2020 | |||
| 6 | 6 | 8 | f | |||
| Tangible | fixed assets | 5,509,570 | 5,190,430 | 10,700,000 | 11,186,599 | |
| Fixed asset investments | 13,982,857 | 13,982,857 | 13,459,987 | |||
| Investment property |
2,930,242 | 1,864,258 | 4,794,500 | 3,811,976 | ||
| Debtors | 32,157 | 2,458,356 | 2,490,513 | 1,746,724 | ||
| Cash at | the bank and | in hand | 1,871,097 | 1,871,097 | 717,450 | |
| Creditors | due within one year | (46,568) | (46,568) | (28,771) | ||
| .8,9 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| f | f | ||||||
| Net movement on funds |
2,469,232 | 2,183,913 | |||||
| Add: Depreciation |
charge | 214,000 | 223,732 | ||||
| Deduct: Investment |
income | (779,287) | (786,339) | ||||
| Add/Deduct: Gains on |
investments | (2,775,173) | (1,894,525) | ||||
| Deduct: Revaluation | on tangible | fixed assets | 272,599 | (223,732) | |||
| Decrease (increase) | in debtors | (743,889) | (637,425) | ||||
| Increase (decrease) | in creditors | 17,797 | (16,397) | ||||
| (1,324,721) | (1,150,773) | ||||||
| FUND BALANCES AND | ASSETS AND LIABILITIESOF AMALGAMATED | CHARITIES | |||||
| The financial statements |
amalgamate | the funds ofSouthwark | (Christchurch | and St. Mary' | s) Charities and Joseph Collier |
||
| Scuthwark | Joseph Collier | ||||||
| (Christchurch and |
Holiday Trust | ||||||
| St. Mary' s) | |||||||
| Charities | |||||||
| f | |||||||
| Tangible fixed assets |
10,700,000 | ||||||
| Fixed asset investments | 13,492,194 | 490,663 | |||||
| Investment property |
4,794,500 | ||||||
| Debtors | 2,490,513 | ||||||
| Cash at the bank in hand |
1,871,097 | ||||||
| Creditors dus within one | year | (46,568) | |||||
| 490,663 |