2021-09-30-accounts - Reading Almshouse Charity

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REGISTERED OFFICE	The Office
	Penton House
	58 Longships	Way
	Kennet Island
	Reading
	RG2 OGP
TRUSTEES	Mr P J Webb	(Chairman		until	1 September 2021)
	Mr P R Clark	(Chairman		from	1 September 2021)
	Mrs M F Bedwell
	Mr JWCornwell
	Mr C A Hubbard
	The Revd G V Lautenbach		(ex-officio)
	Mr R N Pittman
	Mrs J Spratley
	Mrs J L Thomas
	Ms C Wise			(appointed		20 October 2020)
CLERK TO THE TRUSTEES	Mrs K M Bessant
CHARITY REGISTRATION NUMBER	1152759
AUDITORS	Crowe U.K. LLP
	Aquis House
	49-51 Blagrave Street
	Reading
	Berkshire
	RG1 1PL
BANKERS	Handelsbanken
	Apex Plaza
	Forbury Road
	Reading
	RG1 1AX
SOLICITORS	Boyes Turner
	Abbots House
	Abbey Street
	Reading
	RG1 3BD

			Unrestricted	Unrestricted
		Notes	2021	2020
			5
INCOME AND ENDOWMENTS	FROM:
Charitable Activities
Residential Income			721,324	669,817
Investments
Interest			59	385
Rent of investment property			38477	38 743
Total income			759860	708945
EXPENDITURE ON:
Charitable Activities		5a	660,726	575,449
Raising funds
Costs re investment properties			70	10452
Total expenditure			660796	585001
Net Gains on Investments				147000
Net Income for the year			99,064	270,044
Losses on revaluation				~50000
Net movement in funds for the year			99,064	220,044
Funds Broughtforward			7528605	7308561
FUND BALANCES CARRIED FORWARD

								2021f	2020f
Cash flows from operating activities
Net cash provided by operating activities			(see	below)				259 459	324 110
Cash flows from investing activities
Purchase offixed assets								(6,216)	(278,437)
Proceeds from sale of investments									207,000
Bank interest received								59	385
Net cash (used in)/prowded	by investing		activities					6157	7/ 052
Cash flows from financing activities
Bank loan repayments Bank interest paid								(41,178) ~41 822	45811
Net cash used in finanmng	actiwties							~03 DDD	468/1
Change in cash and cash	equivalents	in	reporting		penod			170,302	205,253
Cash and cash equivalents at the beginning				ofthe		reporting		542 002	335799
period
Cash and cash equivalents	at the end	of	the reporting			period
Reconciliation of net income to net		cash flow			from	operating	activities
								2021f	2020
Net income								99,064	220,044
Adjustments for
Depreciation charges								132,934	13/,953
Revaluation of investment	property								50,000
Interest received								(59)	(385)
Interest payable								41,822	46,811
(Profit)/loss on the sale of	Investments								(147,000)
Decrease/(increase) in debtors Increase/(decrease)/ in creditors								(3,163) ~22 139	7,050 15643
									24 /1
Analysis and movement	of Net Debt				2020f	Cash flow f		2021f
Cash in hand					342,052		170,302	512,354
Notice Deposits (less than	3 months)				200 000			200 000
Total cash and cash equivalents					542,052		170,302	712,354
Loans			~1000000				41 110	1 458 822
Total

		2021f	2020f
The residential	income comprises:
Maintenance		706,407	658,431
Heating Contribution Guest room		14,777 140	11,206 180

Upkeep ofAlmshouses
	2021f	2020
Water and Insurance	42,606	37,245
Light and Heat	39,072	20,026
Repairs and Maintenance	224,840	153,498
Estate management and service fees Managers' Salaries and Expenses	34,122 42,573	17,102 52,273
Council tax on vacant accommodation	2 072	1 391

upport costs
	2021f	2020f
Clerks Salary and Expenses Managers' office costs	39,208 7,621	44,845 7,372
Miscellaneous Governance costs:	5,245	4,022
Professional fees Audit fee	31,384 9780	26,474 9 180

ANGIBLE FIXED	ASSETS
		Almshouse &
		associated	Fixtures	Other
		property used	and fittings	property	held
		for charitable		for investment
		purposes		purposes		Total
		6		6		6
COST OR VALUATION:
At 1 October 2020		8,847,037	73,569	500,000		9,420,606
Additions		1,452	4,764			6,216
Disposals
Revaluations
At 30September 2021		8 848 489	78333	500 000		9 426 822
DEPRECIATION:
At 1 October 2020 Charge for the year		857,449 118553	19,854 14381			877,303 132 934
At 30September 2021		976 002	34 235			1 010237
NET BOOK VALUES
At 30September	2021
At 30September 2020		7~9K588	~3Z15	~0III00		~403

	2021	2020
	6
Debtors Prepayments	3,440 ~33076	2,461 30892

CREDITORS: Amounts falling due within	CREDITORS: Amounts falling due within	CREDITORS: Amounts falling due within	one year
							2021 5	2020f
Bank loans and overdrafts	(note 15)						88,709	155,241
Social Secunty and other taxes							1,455	1,341
Accrued expenses							52,777	65,412
Other creditors							24 222	23350
CREDITORS: Amounts falling due after one year
							2021f	2020f
Bank loans and overdrafts	(note 15)							~1~759
COMMITMENTS
At the balance sheet date there were no capital commitments					(2020:fnii).
FINANCIAL INSTRUMENTS
							2021f	2020f
Financial assets measured		at amortised	cost				715,794	544,513
Financial assets measured		at fair value					500,000	500,000
Financial liabilities measured		at amortised	cost			1,536,331		1,586,762
The company's income, expense, gains and losses in respect					of	financial	instruments	are summarised
below:
Financial assets measured Financial liabilities measured		at fair value at amortised	cost				38,536 41,822	39,126 46,611
Financial assets measured		at amortised	cost compdise	trade		debtors,	accrued	income and	cash
equivalents.

	2021f	2020f
Not later than one year	38,477	38,477
Later than one year and not later than five years	27,254	65,731
Later than five years

n analysi	s ofth	e ma	turity of loans and overdrafts is a	s follows
				2021f	2020f
Amounts	falling	due	within 1 year	88,709	f55,24'f
Amounts	falling	due	between 2-5 years	354,837	354,837
Amounts	falling	due	after 5years	1 918278	989 922