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|||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|
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||||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||
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|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)||
##
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##
|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|
##
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##
|||||||
|---|---|---|---|---|---|
|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|
##