REGLTJ1FJ) (IIARrrY iYUMBEIL. 1167753 IHE BYFiEET UNllED (IIARrrY FinaDCi81 Sla*mtnts fortk Y¢ArF4Kied 31 D¢c¢mlKr202(J Tutknrjohn Limited ChBrtertd Accountsnts and Statutory Audito NIliAga]e HO 4648 Ew Sireet KT17 IHQ
Rtwbrtof Tn forthe y¢ar¢thl 31 D¢c¢mkY21niJ The trustees present their Tewrt with the financial of th¢ charity for the year ended 31 DecemEtr 2020. The trustees have adopted the provision5 of Aewjnting ar Re[l8 by Charities.. Statement of Recommended Practice applicable to charsties preparin8 their accounts in accord with the Financial Rewtsn8 Standanj applicable in the UK and Republic of Ireland (FRS 102) (etrethive l Janw 20191. 0ECI7VEs AND AcnvmFS Objectives arwj sins The c.harity aims to help ]xople in need, within th¢ An¢i¢rtt Parish of Byflert wth grants or 8llow¢es. Applications for individual assistance received thr¢)u8h a vari¢ty of routts includin8 Srtial servicts. Citizens Advice Bureau. doctors, sur8eri&8. churches and self-refeft81. G]¥nL4 &lso mftde to Organilons th&t provide sirnilar support. Within its organisation. the Charity owns and runs a shelred housing complex for those over 55 consisting of 24 fl. Applications io live in the tlats considernl by the TnweA who thke'nMI' the main CTirim Th¢'lrustee5 confirm that they have referred to the 8uidance contsined in the Charity Commission's 8ertern] 8uidanee on public ben¢fit when revi¢win8 thE Charity'5 aims and objeciives. The Trustce5 cLfIrM that thry have reftrred to the Charity Commission's Governance Cle. A5 trustees do not fvrtd raise they considertlKy compliam with the Code of Fundraising Practice. As a local parish charity no income is received ncf exditUre made outside of the United Kingdom. lThstees have a general plicy of finding suppliers as IcK81 as wable io the wish. ACHIEVEMENT AND PERFORMANCE ChAAtsble vIlle$ Dthring the peri(xl under review the trus¢s Iwv¢ ¢111nJ to help t)$¢ in need and also eontinued to SUFV)rt the sh¢lt¢r¢d housiny wmplex. In¢x)me overnll was higher thfin the previous year due to a change in the aonting treatment of rental income from the investh)eni prowy in laa year. Resourtt5 expended within the wod were similar to the previous year and the chfirity has made a net surplu$ on general funds of £84.83] kfore aLrouniing for gains on invesmienis. Through the provision of regular supporting payments and grants to the lowl of £204.494 the charity assisted 99 members of the Iwl community, &$ well providin8 8r8nts for 12 institutions to a total of £40,661 th&t have assisttd d07Ens more. The Almshouses provided residential for a totsl of 27 irkaividuals durin8 the period. FtNANCIAL REVIEW FinaDci81 Rview of the yeArto 31 Dec¢mr2D20 There is a net Surplus on ga)eral fiJNls for th¢ puiod of £84.831 Ith gains #nd 10sse5 on inves1mcnts and r¢valua¢ions of fixed assets. Total gains from invesknents for peri¢xl arnountd to £131961. These rei#te unre5(ricbJ and endowment funds. The net &sts of the * 31 tknml%r 2020 totslled £ll118J57 atwj c(Mnprised: pmanetrt endowment funds of £6,832,028. restr)ed ndS of £219,834. de5iwated fiuKIs of £4.427,861 and a genernl fund of £638,634. eslm¢ut Follcy objecilves There are no specific restrictions oft the investment powets of Tm4ees. The pemwient endowneni funds MprISe freehold land and LOIF Ino)me Shares. The land 15 hdd under TTug tked to geneTa¢e irjcorne from rents. The COIF Shares con5i5t tnainly of equiti¢5 a low to medithn risk profile are held wth a view to achteving medium to long-tertn capital growth for ¢ndowmeM fund and acojmuiated reserves. in order to spread the risk inherent in snvesiment trust¢e5 have placed fund5 Wtth CCLA InvestnKnt Managcmcn¢ io provide income for currcnt use but a150 capital accumulation forthe designatd fiuMl& &s well &$ placin8 fijnds with He4rtWlMMI Inveslrnent Management.
Iletw)rtof the Thtses forlhe y¢areDded31 Deeenthr21)211 Re¢Thitment gnd ¥wltntfjf Dew In The Trust are list&4 on page 3. Truste45 a aFY)Int in with the ChaThs goveming docwMent and s¢rv¢ for four years {with exception of ex-offitho Truees) aftcr whith ijw may put themselv fonvard for re.appointment. The work of the Chartty is (wnised a1 executcd by the Executive Dire()r on bthif of th¢ Trustees. who nomially have bi-mtsnthly meetings. The Chairman of Trusttts is wsibl¢ for the tnthiction of any new tntste< which involves awaren5 of a Tntstee's resp)nsibiliti4 the goveming dwumenL admÉnistrdtive prIreS aTd the history and philosophical appr(Ach of the A new Tru#tt would receive ¢opi1s of the previous yearfs annual retx)rt and accounts. a history of th¢ Chauty, Charity Conmiission leafiets Tr Eswti81 Tnkn.. What You Ne to KTh)w" ond"Being aTn¢¢, The Trustee5 COTJsider the major risks to a¢ht¢ving its objectives to be fmancral loss of menuè th¢ physicd loss of Stoop Court & Lindley House and the risk of any law suits by residents or sthff for neg]i8ence. A financial w)Iicy 15 in place for the diversification of assets betWll larf shares and c&sh aThl wforniaTKe is TfK)rtitored ort A regul8x basis. In the case of physical lo of prorKrty. the losses ¢0 proputy aTKI the of dÉsruption is covejyd by inSu)Ce. R¢sid¢nts' issues are wvered by legal agreent with resida@ w>licies and by insur8nce. Policies for the staff and their mat]agement are in place al are dso covered by iuee. (kn 8n OFatiOnal b&%]& quaEified pttsonnel from extemal Agencies out risk aSSTents and the various Yatutory cheLs. The rewlts of a]1 assessments are reed to Emoyment8Th1 Pgfiieiti0ll The Charity opKtes an quai ¢w)rtieS wli¢y of employmenL Regular staff tneetings take place that are designed to irnFArt infomiation aTrd to give #aff the otvKlunity to rdise issue5. Where spe¢ifi¢ prow621s are likely to haye a significant impw ¢)n individuals sh staff are consulknj line with current legislation aTwJ pr&*C REFTtIlT4CE AND ADMll¥LThnvE DETAIts R41sted C17ty numlxr 1167753 Sp Court Letsure Lane West Byfle SuTrey KT146HF TTU8tees K R Mears T J Thomp50n JHM¢Cth C Hollingshurst N Bradshaw A Grimshaw M Haines C Heath K Elford Rector of St Marfs (Ex4)fficio) Viearof St John the (Lx-Offi¢io) '81 0810112021 Vicar of St Jolm the Bamist x4)fficI0) apP)Int 0810312021 EXett]ve Director. Mr D Bl&k The Charity's in¢ome come5 frotn propty rattals investrnfflts al the Cilarity is $tricted to helping tIK)se who. immediately PTiorto appll12u0 have lived within the A11 Parish of Byfleet one ycar. nomMlly thtre years.
Rep>rt of the 1wjpFllt tr> the ol Byflttt United Clwity Mnion We hav¢ audited the financial state¥nents of The BY11 Unitrd Charity (the 'charity') for the ycar ended 31 De¢¢mbu 2020 which comprise the Statement of Financial Activities th¢ Balan¢¢ Shed. th¢ Cash Flow Ststernent and notes to the financial $tT[)en including a summ8ry of significani accounting FK)liciek The financial reporting framewoTk that has applied in their PTeparation is aA)licable law and Unl Kingth)m Accounting Stsndards (Lnited Kingdom Generally Acc¢F4ed Accounting Practice). In our opinion the financial 5tatements'. give a true and fair view of the stai¢ of the charitys affair5 at 31 December 2020 a1 of its incoming resoU¢S and appli{tion of resourc for the year then tr¢. liave been properly prepared in a¢¢ordan¢e with Uniwl Kingdom Ge[llY Accepted Accountin8 PTxiice: and have been prtpared in a¢¢ordance with th¢ r4uirements of the Charities Ad 2011. Basis foroixllio We conducied our audit in a(dance with Intrrnational StaThJ8rds on Auditing (UK) {ISAs (UK)) a4 applicable IAW. Our responsibilities under th0 standarth are further desLYibed in the A411, responsibilities for zhe audit of the fLnan¢ial statements section of ottr rew)rt. We are indepthdeni of the charity in a¢wrd8n¢e with the eihiett] requirements that are relevant to OUT audit of the financial swements ID th¢ U'K irlUding the FRC5 Ethieal Standard. and we have fulfilled our other dhical respcwibiliiies in accordanR wth these r4uircments. We lIeVe the audii evidenee we have obtained is sufficieni and approprithe pyovide a t&sis for our opini¢m. ConelusloThg RlallDg to go1 coJK¢rn In audiiing ih¢ ftnan¢ial stat¢m¢nts. we have concluded that tht thjstees, use of the going concern basis of a¢unting in the preparation of the financial statemenis is appropria1¢. Bas¢d on ¢he work we have Ferfomie4 we have n(rt identified any material uaInti¢5 TelJtin8 10 events or eonditlons that, individually or colleL%ively, may Ca si8nifi¢ani dou on the ¢h8rity's ability io continue as a 80in8 coneem for a ptTiod of at least nyelve months from wh¢n the financial stateMts are dUdn$ed for issue. (hjr responsibilities and the resPoLbilItieS of the tnL%tees with to going concern aye described in the rel¢vani 8eciions of this rert. Otherinfommllon The tyusiees are resp(5]b]e for the other inftimwicffi. The other infoThation MPrISeS the infornjation in¢ludeil in the Annual R¢port. other thart the financial ements and our R¢p)n of the lndeTrdent Auditors thereon. Our opinion on th¢ fingncial Starnents dces ncrt cover the other infom?ati(m a1. exc¢0 to the extent otherwise explicitly Stated in our report. we do n(rt exprtss any fm of &s5urw conclusion thLy. In ¢onnecti¢)n with our audit of the finftncl ststements. our rwrLsibility is to T¢wI th¢ other infoThation and. in doin8 , COll5ider whether the other inforniauon is materially iTWTLSiStent wÉth the fin¢1] statemen¢s or our knowledge obtaina in the audit or otherwise alvears lo be materially misthtrd. If we ikniify such maierial in¢on$islenci¢s or appar¢nt material mi55tat¢ments, we are trquired to dL%erniine Whah this gives rise to a nuterial misstatement in the financial sthiements ihemselves. If. ba8¢d on the Work we have puforned. we conclude that ihcre is a material mi5Statement of this other inf0mtIon, we are required to rqxjrt that faa. We have nothing to r¢w>rt in this r¢gatd. on which we fEqUifEd tr) rtEx)rt try eyfeiliwi Wc have nothing ¢0 repx)rt in of the following maltcrs whcre the Charitie5 {Accounts and Reports) Regulations 2(KI8 requires us to report to you if. in our (pinion: the infomation given in the Rewrt of the Tnte¢S is inconsi51ent in any mal¢rial rwt with the finan¢ial statements., or sufficieni ac¢ounting rewrds have not been kept- or the financial statemcnts are not in agtttment wth the 0nIing records and rett]m& or we have not received 0]] the inforniation and explanatio% we requite for ¢JJr audiL
lIertorts Wet¢tht AliknTr kn the ThBes of The Bylleet Unid (lIty Use of our1E[rt Thi5 report is made solely to th¢ charity's as a bjty. in with Part 4 of the (Jjaribes (AOUt and ReFor(sJ Regulati$ 2W8. (hjr audit work been undertkn so th8t we might gate to the charitys trustees those tDatt¢JE we are required to state to than in an a1•10[5, reix)rt for no other pw To the lIest extent perniitted by law. we do not accept oy responsibilty to other than the elmrity and the ¢haYity's tnLStees as a body. for our audit WOTK for this reporl or for the Opini(We have frffid. Tudor John Limited Chartered Accoutrtants and Siattrtory Auditors Eligible to a¢t as an auditor in tern of SeLtion 1212 of the Conumnies Act 2(K)6 Nightingale HO5¢ 48 Strect Ep50tn Surrey KT17 IHQ
31 Detemlr2O20 2020 Total fvnd5 2019 Tot fiJTKis Unresthdvj R¢striLcd Endowin funds funds fund FtXED ASStIs Tangible &ssets InvestmèNts Investments Investment property 4.155.932 4.155.932 4.160.667 12 13 971.128 1.055.374 5.750,IJ)O 2.026,502 5.750,000 1,880.540 5,750.1X)O 5.127,060 6.805.374 11.932,434 11,791207 CiJRRENT Assrrs LblS Ch at bank and in hand 14 31,051 63.010 31,051 309,243 14,729 364.921 219.579 26,654 94.061 219J79 654 340294 379.650 Amounts falling du¢ whthin one year 15 (154J71) 1154J71) (146,539) NFfciJRRYJYT AS8 {60JIO) 219,579 26,654 185.923 233.111 T(yfAI, Ass15 LESS CURRENT UABILMFS 5.W,750 219,579 6,831028 11118,357 12,024,318 NET ASSEts S,,750 219,579 6,832,028 12,118,357 12,024.318 FUNDS Unrestricted funds Restrtaed funds Endowrnent funds 16 5,(M,750 219J79 6,832.028 S,(N)9,184 158,423 6.766.711 TOTAL FUNDS 12.118.357 12.024,318 The flnancial statements wcrc approvcd by the Bc*rd of Thjsttes and authorised for issue .. and wer¢ signed C its half by." TJ Thompson- Trustee The notes fonn pari of these FalKI81 statements Page 9
No% kn the Ch Trlow Stnnt forthe yegrenthd JI Decemlxr2020 2020 2019 Netincorne forthe (] Frthe StskrDEntofTrThDwlal Aetivities) Adiusththts for. tkpre¢iation ¢harges Gain on investments IniereM received Invesmient in¢om¢ {Incre4seydecreLfe in debt(xs Increase in creditors 94.039 435.834 42.703 (132.961) (747) {44.624) {16.322) 7.832 15.745 (438.562) {1.366) {45,462) 15.075 56269 NeteAsh lultd Itty&vId ty operxllons {50.080) 37.533 ANALYSLS OFCIIAYGFS IN NET FUNDS .4t 1.1.20 C&sh flow At31.12.20 Net e*h C&sh at bank and in haNI 364.921 (55.678) 309.243 364.1 (55,678) 309,243 Totsl 364.921 155.678) 309.243 Th¢ notes forni part of these finarri8] statements Pageii
Nolts ) tht FiTrancial Slxkmpnts- CODlinwd fortlK yeareth 31 Decefftlxr2020 ACtr)urffl¥G IUC. Coitnwd ExPENDURE Li8bilities are re¢ognisoJ as eXpdire as soon as there is a leyl or t(xL]ve obli8alAon committtng the charity 10 that ¢xponditur¢. it is probable that a transftt of 10Mle benefits will be required in settlement and the amount of the obliJu tion can be r¢liably. Extffidinjre is acwuntrd for on ftn a¢¢n[S basis and h&$ been Classified under headings aggrtgate all CO related to the eategory. Wher¢ costs cannot be di]Y attributed to p8rtiahlar headings they have been all1j to aaivities on 8 b&sis eonsisient the use of resources. Allow#uces #MI Grants Allowances arn4 gIts payabl¢ ar¢ clwged it) the year when the offer is Conveyed to the rttipi¢nt ex¢¢pt in those cases where the olyer is conditi(Thl. such Senior citizens ¥llowartt or grants being recognised as exFenditure when the conditions are fulfilled. CtsmmilThtnts Allowances and 8rnnts offerèj subjeet to eondÉlioTLS. which hwe been met * ihe period¢nd are noted as a ¢ommiu7)¢nt not attnd as expendinire. GOVERNANCE cTs Governance costs comprise all costs involving the public 8ccountsbility of the charity and its eomplianc¢ wilh regulati and grA)d wactice. These cc6ts IrKI costs lelated MMli(8ThJ legal fees. lljese costs are included within supwrt costs. TANGIBLE FIXED ASSETS Depreciation is provided in equal annual in5ts1ments over the ¢stimatyJ life of t4ngible asset At the following rnies. Assets below £l,(KK) are ¢apithlised. Lift expEctancy (yeat¥ ) Almshouse Trixtures & fittin85 Me¢hanical, ele¢tr¢cal and meal serlice equipment Furniture Computers Power plant 10 20 INVLSTMENT PR()PF.RTY Inve51ment property is shown at mc6t rwent valuztirm. Any a88re8ate surplus or deficit arising from ¢hangr5 in fair value is recolS¢d irt the Statement of Fin•nLMal A¢Xivitie VFSIMENIS AND INVtSIMFM INcfNME InveSents are 51ated at market Val ai the balanc¢ shed date. Realisoj and unrealised 8ains aThJ 105ses are taken its the Statement of Financial Activities in the year in which they occur. Invc5tment Income is taken into ac¢ount on the bAsis of the du¢ dale oftoymenL TLXAIK)N The Charity is exemw fmm t&x on its charitable a¢tivitie5. Unrestriued fd$ Can be used in a¢¢c¥daD¢e with the ¢lwitibl¢ ¢¥je¢tives at th¢ dis¢r¢tion of the In. Restriaed funds ¢an only te used for particular rewi¢ purposes within the objects of th¢ charity. Restrictions arise when specified by the donor or when fiuK15 are rdised lor particular restrickd purp)5es. Further explanation of th¢ natw¢ aTh4 pJrtKisc of ea¢h fimd is I1kd in the notrs to thc finala1 stst¢m¢nts. Page 13 continued...
Notes ts Ihe FillwlaT Stsm¢ttts. toled fortht Yeej 31 DeternrZIn0 fvndin8 of ctivitie5 (see T 51 Dire¢t costs (see ne 6) Almsho¢ Estate management Allowanc¢s and Grants 255.457 2.941 27.156 40.303 20.152 20.152 295,760 23.093 251.802 204.494 285.554 204.494 80,607 570.655 FSTATE MANAGEMENT 2020 2019 Insura CrttThl m8inTentJKc All¢d suprrf)rt costs 1,584 1.357 20.152 1.569 2.953 23.564 23.093 21L1186 iMSHOUSE RUNNING CXM5 2020 2019 Running costs R¥pairs & mairtietiiit y¢li¢d mèinienance LighL h¢*1 & water Sal8rie5 IlatiOn AllOted SUPFQrtcosts 35.473 31.184 81.304 13.897 50.8 42.71M 40.302 18.3S8 33.386 4.812 14.8%5 33.9Y)I 15.745 47.129 295.7 190.210 Pag¢ 15 ¢oniinu¢d...
Notes kb the fingncial Ststements. contimd fortt yeareThled 31 December2020 SUPPORTCUSIS Governance ¢0 Mawnt Tots]s Almshouse Estate tnanagement Allowances and Grants 9298 4,599 4,599 40J03 20.152 20.152 15.553 15,553 62,111 18,496 80.607 2020 2019 Fees payable to ¢harity's aJitOrS f the aj11 ofthe charity's financial statements Auditors, remuneration for rton alTt work 4,500 2,735 4.500 2.520 TRUSTEFS, REMLNEIi4TI(AN' ND BLYEFrts There were no In]stees' remuneration or other benefits f( the ycar ended 31 December 2020 nor for the year ended 31 December 2019. TrUSTEFS' LXPFJ4SFS The were no tnjstees. expenses tId for the year ended 31 Decemtrw 2020 nor for the year ended 31 Decernber2019. 2020 2019 Wage5 and sa]aries 133.489 136.235 133.489 136.235 2&20 2019 Salaries Social security costs Pension contribution 118,560 5,677 9.252 121.972 5.776 8,487 133,489 136,235 The average monthly nuMirOf employe¢s duringtheye4r follows: 2020 2019 Grants and E*nsio]]s Almshouse Administration NO employees re¢eiva emoluments in excess of £60.0(KI. Page 17 ntinued...
IHE BVFI£ET UNrtED CIIARTTh' Nfjtes ID Ihe Finwigi forthe Y¢gre131 Ikttnthr21J20 13. FAIR VALUE Ai l January 2020 31 tk¢embEr 2020 5.750.OL)O NET BIX)K VALUE Ai 31 DeGember 2020 5.750.000 At 31 December 2019 5,750,OIM) The frtthold investment propcny was revalued 31 Decemi*r 2019 by the ttwtees on the b#si$ of kTKI¢tdtnt professional •Jvice. This valu]0 is #ill consider&J T¢Tble year end. The hLStOriC C051 of th¢ land is £61.031. 14 DEBIOILS: AM(PaS FALLING DUE wrrHIN I)YE YEAR 2020 2019 Other debtors Prepaym¢nts 21775 8.276 7J34 7J95 31.051 14,729 I& cREDrrO. AMOUNT5 FAIA.ING DUE WllH]N IAYE YEAR 2020 2019 (Xher er¢ditors Allowance commilments Accruals and deferyed income Accru eXnSeS 3,571 63J98 71887 14J15 4.009 54,205 68.779 19.546 1 $4,371 146,5.19 tkf¢rred irKome relates to ttceiY&l in advance. Pag¢ 20 ¢orttinU...
Nos to the Fits11 Slalennts- ¢ontiDu¢d forthe veareThJed 31 Decem2020 I& TrKWEMENT IN FiiNDS Net movem¢nt in fvnds T]$fe betWn fitnds At 31.12.20 At 1.120 Unrnstiicled fuThls Generdl fvnd Fixed Agset Fund 2035 Developmen¢ Fund 2112 Developrnent Fund 2021 Developrnenl Fund 698,146 4.160.667 143.457 40,914 50,(KK) 134,172 (4?.7041 13,953 4.605 1243.429) 37.969 13,0(K) 588.889 4,155,932 170.410 51,519 100.0 50.IYJ) 5.IYJ9,184 110,026 {142.460) 5.066,750 Restsicted fun¢L* Cyclical .Mainlciiance Extraordin repairs 101.741 56,682 (81.304) 129,308 13.152 149,745 69.834 158.423 (81J04) 141460 219,579 EndowDwnt fll P¢rn18nent Endowmeni FUNI A766.711 65,317 6,832,028 TOTAL TrIINDS 11024J18 94.039 12.118,357 Net mov¢m¢nl in fvn included in the atve are a5 follows.. Ino)min8 Gains and Io5SCS Movement in funds ¢xp¢nd¢d Unmtrleted fuAd4 G¢n¢ral fund Fixtd Asset Fund 2035 Development Fund 2112 t)evelopment Fund 531,733 (446,6471 (42,704) 49.086 134.172 142,7041 13.953 4.605 13,953 4.605 531,733 (489.351) 67.644 110.026 Restrfct¢d Cyclical Maintenanee (81 J04) (81,304) Pemianeni EndowTr¢nt FuTbJ 65J17 63,317 TOTAL FUNDS 531.733 (570,655) 132.961 94.039 Page21 eontinued...
Nol¢s b) the FINala1 Slatennts. cothinwd rorthe vear¢tthl 31 De¢eThlxr2020 MOVEIMENT tN bllNDS- coDlind The Extraordinary Rqmirs Fw)ds is maintainoj to rnect major unfors¢¢n repaits and is iM5ed on an &ssessm¢ni The 2035 tkvelopmeni Fw)d, 2112 DevelopmeTrt Fund arKI 2021 tkv¢lopnKnt Fund are all desi8nated fvnds. The 2035 Developmeni Rwrv¢ is to retsin funds for fijre development of the Indusirial Esthte sts as ID eiisure the continu10n of ihe charitable WOTk when in fijlle any development work takes place that causes a temporary diminution in the nornial income ofthe charity whilst the 2112 Developmenr Reserve is for the refurbishmcnt of the Stoop Court Complex. The 2021 tkvelopneni Fund w&8 c1d retain funds for fuwre developmtnt of surplus lands owTJed by the charity. 17. 2020 2019 Contract¢d provided for in the sthments 99,601 I& RELAIED PARIY DLgCIthUR&5 There were no related tswts&ctiorL4 for the yearend&J 31 Decanber 2020. 19. BENF.FTtS TO TRUSTEFS Indemnity Insurdnc¢ io indemnify the TNMees 8Bainsi the Consequences of any negleci or default on their port was r¢newed as part of the main Foli¢y. the ex st nn01 k easily quantifiai. Psge 23