TrIMAI81 Slments torth¢ YetrFJth131 DeeMr2021 Xeinadrti AuditiE]g SthbJtory Auditors Beckeu Howe 36 Old Jewry nth)n EC2R 8DD
RewJrtoflbÈ TnB¢s frJrthE ye4red31 Det¢Mr21l2J Th¢ tyvstees prcstnt their r¢w)rt with the financial statrft of the charity for the year ended 31 Decemb¢r 2021. The tnLSt¢es have adopted the provisions of A¢countin8 and RertIng by Charities.. Statement of Recommended P1]¢¢ applicable to ¢haritie5 prq>arin8 their accounts in 0)r wtth the Fin1&1 Repwtill8 StsThlard applicable in the UK and Republic of Iland (FRS 102) (effekxive l Janw 2019). Obi¢¢llves #nd itn5 The Charity aitYL5 10 help wle in need. within the Anci¢th Parish of Byfle¢L with 8Tants or allowa£s. AppIltiOnS for it)Jividua] wistance are received thTr)U a variety of routes including SId1 servic¢5, Ctii7ens Advice BUTh doctors, surgerie& chur¢hes and self-rtfeTrnI. Glants 8Te also rne or8anÉsations that provide similar support. Within its organi1C the Cl•rity owns 8ThJ hcIn8 LX)Tnplex for tlThe over 55 w]sistin8 of 24 flats. Appli¢aiicNis to live in the flats we e(rtsi¢kred by the who tske'need as the rnain crit¢riotL The Trust¢¢s ¢onfimi that they h¢ fer[ga the 8uidwK¢ thIned in thE awrity Cornmissi¢)n's gen 8uidanc¢ on public benefft when r¢vi¢wing ChtiTity's ainLS WKI obieai The Truste5 wifimi that they htve referygj to the Charity CLmi&sion's GovenMnc¢ C(xle. As tnmees do not fund rnise they c4)nsider tlw 8r¢ CpIlant with the Cod¢ of Furthin8 Prnetit¢. As a IcKal parish charity no income 15 CeiVed n¢x exlre made outside of th¢ Unl Kin8d¢)m: tru5te¢s have general w)licy of finding suppliets &8 locd ts viable ¢0 the parish. ACHIEVEMEKfAND PERF(MIMthCE During th¢ period under review the In¢$ have ltin to hdp those iti netsj and alg) continued to support the sheltered housing ¢omplex. Inco1 overnll was br{Y similar with the previous year. Resourcts expethd within the period were hL8her than the prnious year aNI th¢ surplus on 8aKral of £97.369 before a)unlin8 for 8aiAs on inv¢5tm¢n Throu8h the provision of regular supportin8 p8yments w)d grnnts to the t¢Xai sum of £196.677 th¢ chRrity ls1 156 m¢mtrKr8 of the lo1 eommunity, and pn)vided for 22 iA41il(ffl$ httye &55istyJ (h)zens mcrt. The Almshouses provided rt8identiAI vMnm(thtion fff atotsl of 26 individuals thirin8 the period. FINANCL4L REV Tr1ttxi¥I Rvl¢w ofthe yeart31 Dttembfrr21)21 There i5 a 5urplu$ on general for the pts11 of £WIJ69 before net ¥nd [Ce8 on investments reVtionS of fixed &wts. Total net 84iTk5 fr( Investtnts for the llYj lmcrt to £269,645. Th¢5¢ rel to unrestriLXeAI aTKt endowmatt fjJThJs. The net assets of th¢ Charity at 31 DecemFr 2021 t[1 £12,210.8 and comprised: pamanent endowm¢nt fiJJKls of £6.986.191. restrict¢d fvJKts of £179.886. desi1 fim(ts of £4,497,596 and a 8eneral fimd of £547,235. knY¢stmert 1¢Y KI obhedves There are no specific restrial¢5 on the inyestsnem of Tn The pernmnent eT¥lowt fvnds MprISe fTe¢hold land and COIF Incom¢ Shares. The land is held under Tn Deed to generd income from Tents. The COIF Shares consist mainly of eqtsities with a l¢)w io risk pmfile and are h¢ld wth a view to achievin8 m&4tum to long-t capital gro for t¥yh eNiowment fuThJ a1 accum81¢ resetvek In (>rder to spreail the risk inherent in I¢Stment trustee5 have placed fijth with CCLA tnvestsnent mawenL t)th to ptDvide incOtT for current use b $0 ¢apitsl ac¢umulation for the designatul fitnds as well as placing fund5 with He4rtWlKKI Investhnt Mana8emenL
Rrtorthe ThYes fortheyeareth131 Ik¢¢4tt¢r2021 Riskm8Dag¢ment The Trnstees consider the rnajor risks to achieving its ObitiVeS io be finllneial l(Ns of rev¢nu4 the physical loss of St(x)p Court & Lindley House al the risk of any law suits by residents or stsff for negligence. A fin8nci81 Jx)li¢y is in platt for the diversification of ass¢ts bety¥een larf shares and $h aThJ ptrfonnance is m¢Mitored on a regular b&sis. In the case of physic l(Kss of prottrty, the losses to prwty and tlr cost of disrupti(m i5 covffed by insurance. Residents. issu¢s are cove4rd by le8al agreement with ffsIden wlicies 8TrJ by insurnnL%. Policies for the stsff 8TKi theÈr man&gemeTrt are in place and a]so eovered by irLsurwice. (kn an opuiona] basis qldified rSOnnel from extemal agencies ¢8rry out risk aSsesSn the varioLLS atsttory The rE5uILS of ail assessmertt5 are rel to Trustees. The Charity an ¢qu81 0ypjllti¢s l1¢Y of employrm RegUr meetings take Pl are destgned w imprt inf0mtIOn and wve aff the oFwtunity to raise issu¢5. Where specific prOpS are likely have a signifi(*rtt imw on individuals sueh stsff 4r¢ wnsulted in line with ¢urrtnt Ic8islation and good waaice. REFERENCE AND ADNLTrAI1VE DAlLs Regi$tend CTharfty 167753 Prfncll a&1 Stoop Court Leisure Lane we Byfle¢t Surrry KT146HF Tntstees KRM¢a TJThomp JHMeCa C Hollingshurst N BTadshf4W A GritYLShaw M Haines C Heath K Elford R Haddow Rtttor of St Mary's ffx-officio) Vicarof St John the Bttoisl (Ex-Officio> res1wl 08ffj1r2021 Vice Chaimwi Vicar of St Jth the Bwist (Ex4fficio) Sp1ntell 08103r2021 app)inteA 1710512021 Exttutive Dittctor. Mr D Black The c.haritys income comes from prrlty aThJ inve5tsn¢nts arml the Charity 1$ rtstri¢ted io helping those who. immediately prior to 8pplicatio have livd within the Parish of Byfleet oneye4r, bul norn1]y the years. Awlito Xeinadin Auditing Statutory Auditors Beckett Ho 36 Old J¢wTy tA)ndon EQR 8DD Solicfftto Hunter& 9 New SquarE, Lincoln'5 tnn. LO1( WC2A 3QN (Mr l Layz¢ll-Smith)
I&rtr #b the of The BylieetUnikd(knrity (illion We hav¢ aJitl the finJaI stMts of The Byfled Unit&J Charity (the 'cTwity) for th¢ year en¢kd 31 DeceInr 2021 which ccKnprise the of FiuaTKial Adivtttes the Ba]ance sh ti Cash Flow Statement and notes to the financial ststemott4 including a of 5i8nificant a¢¢ouniing policies. The financia] reporting framework that h&5 been applied in thetr preparation is aFpIiL¥ble law aAI United Kingdom A¢¢ow)ting Standards (Unit¢d Ktngd)m Gtherally A¢oxutting Pra(tL%). In ouropinion finarKia] statemeTts: give a true and fr view of the of the charitys affaits as at 31 Deizmber 2021 and of its itOn8 resou¢$ at applI110n 0fresoEce& for the yw then ended: have been prorIY plyw in accordanR with Unityj Kingdoln GeneT8]ly Accepttyj AcLXXmtin8 Pra¢ti¢e' aTrJ have been pretwal in accordance whth the requironotsof the Charttits Act 2011. Basis foroixni We conducted our audit in aCC(Kd with Intr St8Thlar& on Auditing (UK) USAS (UK)} aThJ applicoble law. Our rwsibilitics unts tlM)se SthEthrth are ffijrtr dtsuiba in the AudÈtors' r¢sp)nsibilitits for the alIt of the financial Strtem %ction of (xr rerth. We aye indeFft¥knt of the charity in accor with the ethi wuirements that are relevant to ow aJJJit of the financial statana)ts in the UK ilUding the FRCS Ethical Stsndard and we have lfilled other ethical resp)nsibilitits in accordance with these m4uirernents. We beiieve that audit ¢viden¢e we have obtstned is sufficient and appropriate wovide a E&sis forouroptnio Con¢1thslo tpIAliDg ID goi coxern In auditing the fillanciai stsiemenw we have c(x)c]utsl th the tnL8tees' of the going concem 15is of in the preparnion of the financial Sthternts is awrwith. Based on the work we Ive ptyfomiol we have n(A Identifi any nwer1 utK%rtainti¢S Telating tts events or conditiolis thal IndividulY or colleLtively. may ca# signifi¢ant d¢)ubt on the clwiry's ability to contsnue &s a going Conccrn for a period of at least twelve months from when the finarla[ #attments are authori5 for issu¢. Our wonsibilities aEKi the re¥rf)nsibiliti¢s of the tn&ee5 With reSpt to going ¢thcern are d¢s¢ribed in the relevant sections of this reporL ljherinfomwllo The trustees are responsible for the other infM10n. The othtr information c(xnprises the infOrntion incl tn th¢ Annual Repotl other than the finaneial >atts and our ReNwt ofthe 11n¢ AudÈtr)rs ther. Our opinion on the financial ternets dS w cover the other infonRalion anl except to the exl¢nl oth¢n¥Ése explicitly &ated ITr ourrep)o we do nolexprS any forni ofassww ¢on¢lusion thereon. In tonne¢tion with our audit of tk finan¢ia] 5tat¢m¢nL% our reS7nSIbl1ltY ¢s rrad thc othcr infOnati1)n an(L in doin8 , ¢sIder whether the other infom11( is mthtaily incotLSi5tent with the financiaj ateTEThts or our knowledge obtned in the audit or otherwise arw to maw¢atly misststed. If we idtify such materia] inconsistencies or apparent material missthtemenE we are requiRd to demine whether this give5 ris¢ to a mai¢Yial mi&statement in the financial 5tatemenfs themselves. If, on the wot we have wfoTme4 w¢ con¢lud¢ there 15 a material misstatement of this other iE]forniati(ML w¢ aTr r¢quiml Ittthat facL We have n(thingto rewt in this rewd. on whicb we tpq¥itpdlo by exLYption We have nothin8 to rep)rt in reskKd of the fouowing matta5 where the Chartiies (Acc<)unts and Ryrts) RegUl10S 2008 ffquires 11gto report to you if. in our opinioft: iTEfornution given in the R4)rt of ts Tn&ecs is Inco in any tn*ial respect with th¢ financial suffi¢ient a¢counting recor& have not ken k¢t¢" or the financi $emeM$ are not in agrttment wÉth the aCcOtting rttords and rtsJr¥E" or we have not re]Ved all the information and explanations we r¢quir¢ for our audiL
ReOf the tlmlektAIIts kn the Tnths of l]* Byaeel Unite41 (jwity U8¢ ofourryrt This retK)rt is solely to tk dMriW5 trLLSttt4 as a bcdy. in a¢c4)nkn with Part 4 of the Charities {Ac¢ounts and Reports) RegulatiC¥L$ 28. audit work h&s u)rten so tht %ve might state to the dtariws tn]stees th)se matteTS we ar¢ requiÉed to st8te to in an aJItorS, re and for no other purp. To the fvllest eXl pern)itt¢d by law, we do not accept or aswme $nsibIlity to anyone othcr than the ¢harity a1 the thariws trust5 &5 a b(. ftsr our audit woEt r¢porL or forthe opinions w¢ have fornK(L Xe]nlin Auditing Statutory Auditors Beckett Ho 36 Old Jewry London EC2R 8DD
31 DeceMr2D21 2021 2020 IXED ASSE15 Tangible assets vestm¢nts Investments Investmetrt prot 12 4.136.911 4.136,941 4.155.932 13 14 15.123 1209,536 5,750.CKK) 96.146 5.750.(M)O 2.026.502 5,750.(KJO 5.111(64 111.487 6,959.536 12,183,087 11.932.434 Debtors Cash at bank 4nd in haDJ 15 18J43 63.010 18.343 158,063 31,051 309,243 68J99 2A654 81J53 68J99 2&654 176,406 340,294 Amounts fallin8 due within one ye4r 16 (148J861 (148,585) (154.371) (67233) 68J99 2&655 27.821 185,923 T(¥fAL ASSETS IISS Cl1RRf UABILMFS 5.044.831 179.886 6.986,191 11210.908 12.118 J57 NET A&SETS 5,044.831 179.886 6.986.191 12210,9)8 12,118,357 UNDS Unrestrided funds Restricted fi]nds Endowment funds 17 5.044,831 179.886 6.986.191 5.066,750 219.579 6.831028 TOTAL nJNDS jul0.)8 11118.357 The finan',1 statemems were by the B(rd of Tte¢S and authori5 fcff issue on 4w...2aik. and were si C its behf by: TJ Thompson- Trust The note5 fcm part of thes¢ fmanciai statemerts
forthe yeareltyJ31 Dteellthr21ni 2021 2020 Net income fortht prlod (Jb PErthE SlnutofFSnANi Aelivities) Adlw8trt*ttts ftir. tkpre¢iation Charges Gain on inv¢Stmts Interest received Investsnent income Drfr¢a8¢1(inLyra5e) in dthors (Deuea8¢yiwease in cr¢ditors 91551 94,039 48,026 (269,645) (182) {44.992) 12,709 (5.786) 42.703 (132,961) 1747) (44,624) {16,322) 7,832 Ntt w¢d 0tio (167.319) 1$0.0801 ANALYSIS OF(IIANGES IN NET FiTNDS At1.121 Cash flow Ai31.12.21 N¢t C&sh at IMnk and in haTrJ 309243 {151.180) 158.063 309243 {151.180} Is8.(3 Totsi 309243 {151,180> 158,063 Th¢ notes form pArt of these finanryal StateMts Pwll
rorlk yereThlul 31 D¢c¢mr2021 Liabiliiies are TEcogni%d expenditure as as thue is a legal or co]Wnve obligation committing the charity to that exwdibJK it is wobable that t trFer of ccon(xnic ttnefits will be wuired in sdt]eMent atMI th¢ amount of the obligation (an ix Mea>ffl TEli8bly. ExEThditure is acc(xmta for on an a¢¢no]s basi5 and h&s betn cl&ssified under headings that aggregate all c05t reltsj to the c8tegory. Where costs ¢annot be di[y attributed to particular he8dings they have been all¢xd to aaivilies on a bosis CO115tent with the use of AIIow8nc¢s•I Allowances a] grts payable are Charg in the year when the offw is (x)nveyed to the rt¢ipient except in those ¢a8es where the Off is condit11. such sellior allowance or lts 18 reWlS¢d as expendittwe when the conditions are fifilled. Ailowan¢es and grants offer¥J subje¢t to CoTlti which have n(A been met at the are n(ed as a commitment but a<£rued as exFKndilu GOVERNANCE c75 Governance costs compris¢ all L¥ts involving tlr publi¢ of the ¢htirity and its complia1¢ with regulatson and g(KMI practic& The EIJe relat1 to statutory gudit and l¢gaJ fee& These (x)sts a]r included within support ¢ost& TANGIBLE Tr]XED ASSE15 tkpre¢iation is provided in equal annual tnsta over the estim lift of each tan8ible w¢t at th¢ following rat¢s. Assds below £l,O(K) ar¢ rKbt capi1$ Life exrKctaTKy (years I i( 10 Almshouse FIxr¢S & fittings Mhan1], ele¢tri¢a] and meal stryice Furniture Comp£ Power p]a Inv¢stm¢ni proFWty is showo * most ent VaJuiC. Any aSal¢ surplus or d¢fi¢it arisi1 ¢lww in fair valu¢ is recoJ$ed in the Stat¢ment of Financial A¢tivtli¢& Investments are ststed * rnatet valu¢ & the Eda¢ sheet date. Re1 realiSl gains and losses oxe tsken to the StateEnent of Finan¢iaS Activities in the yeaT in whith (Kw. tnvestEnetit In¢J)rne is taken into account on the basis of the due da of kmymo The charity is excmpt frorn tsx on its charitable &livitses. Unrastricted fiulds can bc in acc with the clwttsble je£1veS at the discretion of the trItte5. Restricted can only be used for wtia]lar restrict pwp)ses within the objects of the charity. Restrictions arise when specified by the donoroT when funts are raised for ]cular f¢Strieted EX Further explanation of the TtIre and PUT[ of e*h fiuMI is includ&1 ill notes tothe fjttancial 5taternetts. Financial instruments are ¢lassIfi albj a¢¢OUnt for. oc¢ording the wbsrance of th¢ Contra¢n angemen( as either fan¢tal assds financial liabilities or equity iAElnrnents. Page 13 continu..
forthe yeareltd31 Dec¢mknr2021 fimding of (see rKte ¢(tsts (see ootr 7) 6) Totals Alrnshous¢ Ethie managemetrt Allowdnces and Grants 411.8(Al 1.596 26.166 12.850 38,789 19273 424,710 40.385 241116 196.677 439.622 196,677 70,912 707,211 2020 1,596 1.584 1,357 20.152 Allocated supp)n coAs 3&789 40.385 23.093 AiMSHOUSE RUNNU¥G (XM5 2020 31507 27.144 226.436 20.551 57.1 48.026 12,850 35.473 31.184 81,304 13.897 50.896 41704 40.302 Ryirs & Mainte Cyclical Main% LiBhL heat & w¢r Sart tkwt¢iation All(Kated sm)rt cw$ 424.710 29i.760 Page 15 C4)lliinuvl..
l¥os kn the Slampnts. Cold forthe yeYeth131 D¢thr2021 GRANtS PAYABLE. SUPTfJRTCThTS Totsls 1,668 10,836 2J02 12.850 38.789 19,273 Estst¢ rnanagemeni Allowances and GY8nts 27.953 16.771 55.9)6 15,006 70.912 AUDrtORS' REMUNERATK)N 2021 2020 Fee5 pAyabl¢ the dwity's auditors ftf the athlit of the dwity's finknci $ements Auditors, Jrmuneration ftr audii thtyk 4,670 2.650 4.500 2,735 IRUSTEES, REMUNERATI(XY AND BENEFTts There wur no tswiees, LY ¢)th tthefits for the ytsr &Kl¢d 31 DrfanE¢r 2021 nor ftr the year ejed 31 DeL*mber 2020. TrUST£LS' LXPE5ES There were no trusttts, eXpaS pid for year 31 December 2021 nor for the year endgd 31 Dttember 2020. Ith STATrF(DSTS 2021 2020 Wages and sa]aries 136.157 133,489 136,157 133,489 21ni Salaries ScKial security ¢c6ts Pei0 contributi¢Nh 121598 5.250 9.309 118,560 5.677 9.252 136,157 133.439 Page 17
ft•rthe yeareknJ 31 Deeekn2021 11 TANGIBLI llXED ETs Fixtwes Freeknld fitttngs TOtS At l January 2021 Additions 4.(KK),( 237,254 29,035 4.237.254 29,035 At 31 Dec¢mE¢r 2021 4.(KX).( 266289 4.266,289 At l January 2021 (hrge for year 28,986 28,985 51336 19,041 81.322 48,026 At 31 D#¢mt¢r 2021 57.971 71 J77 129.348 NKf B(KX( VALLJE A¢ 31 De£¢mtrr 2021 3,941029 194.912 4,136.941 Al 31 Decemttr 2020 3,971.014 184,918 4.155.932 The freehold property was reval at 31 Dwibw 2019 by the tnwees on the basis of independent professiond VIce. This valuation is 111 considertd reasonttbie atyear ryKI. Th¢ hi5tOri¢ ¢0St of the1 is £1271970. List investments MARKET VAIIIE At l January 2021 Revu1(l 1026.502 269,644 A¢ 31 tkc¢mtr¢r 2021 2296,146 NET BK VALUE At 31 DemE<r 2021 2,296,146 At 31 DecemFKr 2020 2,026,502 The hi8tiYic of the listed investsnents is £770.842 (2020- £770.842). Page 19
forlhEy¢w¢thd31 DeceTrlxr2ff21 17. MOVEMENT TrIJNiXS Net Transfers At 1.1.21 31.12.21 UnTrstslcled futt¢Lq G¢ner8] fund Fixed Asset Fund 2035 D¢v¢lopm¢nt Fund 2112 Development Fw 2021 Development FLmd 588.889 4,155,932 170.410 51519 i(x), 174.125 (4&026) 29.736 1215,779) 29.035 547.235 4.136.941 2(K).146 60,509 100,(K)O 5.IknA750 164,825 1186.744) 5.044,831 Rutsic fwMi¥ Cyelieal Maint¢nanc¢ Extraordinary repairs 149.745 69.834 (226,437) 173232 13.512 96,540 83.346 219579 (22&437) 186.744 179.886 Perm4t)¢nt Enth)wment Fund 6,831tr28 154.163 6.986.191 TUtAL TrUNDS 11118.357 91551 11210,908 Na mov¢mthtt in fun inelutsl in tbove are as follow5: tncomin8 Resources and Movement in fw)ds Unmtrlt*d fuMb en¢rnl nd Fixed Asset Fund 2035 D¢v¢lopm¢nt Fund 2112 Development Fund 528,397 (431.028) (4&026) 76,756 174.125 {48.026) 29.736 29,736 528J97 (479,054) 115,482 164,825 Re$tsl¢led Cycli¢al Maintenance Matched donation$ fund (22&436) (I,ni) (226,437) i.r21 1.720 (228,157) (226,437) Fathwment fu4 Pemwient Endowmaht Fund 154.163 154,163 530.117 (707211) 269.645 92.551 Page 21
forthe y¢we•W31 DeceDknr2021 17. The 2035 Lkvelopnent FuThl 2112 tkvel(ynmt Fu1 and 2021 tkYel(yrtht FUTKI are a]1 designat The 2035 Develotrnt Resetve is to rdain funds for firture developnxnt of the Industyial Estste so as to ensure the contEnuation of th¢ charitsble work in )jre any developrnent work tsk¢s pl tIMt causes & leMrary diminution in the norrnal income of the charity Whil the 2112 DeveloFknent R¢T¥¢ is for the r¢fiwbishment of the Sloop Court Complex. The 2021 DEveW FUDJ was retsin ffiJt for the futIe development of WJTplus lands Ow4 by the Charity. The t%Thations Fund knld¥ d(mttons froTn fv wbli¢. The dIonS to be use4J for speckfic 8rnn The charity has undertaken to match the d[X111 re1veAl. 2020 Contracted bJt wovided for in the finwKiai sthtrnts 99.601 19. There were r¢lat¢d prty trynwt1o forthe year¢nd 31 Dember2021. 2th BENEmSIOIRusfEES Indemnity Insurance to indemrtify the Tntstees 88oifLSt the c(mwua)c¢s of any negl1 or default on iheir part was neW¢d Bs part of the main insw8nLY p)liey. the ¢xaa ¢4nnot be easily quantified.
forthEyure*d31 D¢ceDknr2021 2021 2020 Brought fotw8xd Auditors, remuneyation for th)n audit wtsrk Ac¢ountaTW and legal fees 4.670 2,650 7,686 4J(W) 2.735 11261 15.0( 18,4 707.211 570,655 NettxFttditsth (177.094) (38,922)