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|||||Page|
|---|---|---|---|---|
|Trustees,|Officers|and|Advisors||
|Trustees|Annual|Report||2 —6|
|Statement|ofTrustees||Responsibilities||
|Auditors'|Report|||8- 11|
|Statement|of Financial||Actiwties|12|
|Balance Sheet||||13|
|Cash Flow||||14|
|Notes to the Financial|||Statements|15 —23|
|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||||||
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|s,
togethe|r
with prow|d|ing
on-going
working
capital|||
|---|---|---|---|---|---|
|||||2021|2020|
|||||5||
|Total charity funds per|||balance sheet:|7,627,669|7,528,605|
|Deduct||||||
|Almshouse|properties,||fixtures and fittings|I7,916,565)|(8,043,303)|
|Add back associated||loans||1 488 822|1 500000|
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||||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|||||
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||||Notes||2021|2020|
|---|---|---|---|---|---|---|
||||||6|5|
|FIXEDASSETS|||||||
|Tangible assets|||||7,916,585|8,043,303|
|Investments|||||500 000|500 000|
||||||8,416,585|8,543,303|
|CURRENT ASSETS|||||||
|Debtors|||9|36,516||33,353|
|Cash at bank and|in hand|||712354||542 052|
|||||748,870||575,405|
|CREDITORS: Amounts||falling due within one year|10|~167673||245344|
|NET CURRENT ASSETS|||||581197|330061|
|CREDITORS Amounts||falling due after one year|||1 370113|1344 759|
|NET ASSETS|||||||
|FUNDS|||||||
|Unrestricted
funds|||||7627669|7528605|
|||||||~7523~|
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|||||||||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||||||||||
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|||2021f|2020f|
|---|---|---|---|
|The residential|income comprises:|||
|Maintenance||706,407|658,431|
|Heating
Contribution
Guest room||14,777
140|11,206
180|
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||||2021|2020|
|---|---|---|---|---|
|Rent receivable|||~2ar|~37|
|he related costs associated||with generating|these funds are as follows:||
||||2021f|2020f|
|Maintenance|costs||||
|Professional
Other costs|Fees||70|10,452|
|||||~12 2|
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||||||2021f|2020f|
|---|---|---|---|---|---|---|
|Upkeep|ofAlmshouses||(5b)||385,285|291,535|
|Frilsham|&Yattendon||Parochial|Charities|2,000|2,000|
|Depreciation|||||132,934|131,953|
|Prowsion|for unpaid|maintenance|||||
|contributions|||||5,447|11,257|
|Support|costs (5c)||||93,238|91,893|
|Mortgage|interest||||41 822|40 811|
|||||||7 44|
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|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|
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|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|
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|STAFF COSTS|STAFF COSTS||||||
|---|---|---|---|---|---|---|
|Staff costs during||the|year comprise:||||
||||||2021f|2020f|
|Salanes|||||74,607|88,044|
|National
Insurance|||||3,461|4,738|
|Pension costs|||||3714|4 179|
||||||81,782|96,961|
|Recruitment|and|training|||4799|157|
|||||||~97t t|
|The weekly|average||number|of staff was as follows:|||
||||||2021|2020|
|Managers|||||||
|Clerk|||||||
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|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|
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||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.||||||||||
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||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|||
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|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|