TrIMA*I81 Sl*ments torth¢ YetrFJth131 DeeM￿r2021 Xeinadrti AuditiE]g SthbJtory Auditors Beckeu Howe 36 Old Jewry nth)n EC2R 8DD RewJrtoflbÈ TnB*¢s frJrthE ye4re*d31 Det¢M￿r21l2J 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 Re￿rtIng by Charities.. Statement of Recommended P￿1]¢¢ applicable to ¢haritie5 prq>arin8 their accounts in ￿0)r￿￿ wtth the Fin￿￿1&1 Repwtill8 StsThlard applicable in the UK and Republic of I￿land (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. AppIl￿tiOnS for it)Jividua] wistance are received thTr)U￿ a variety of routes including S￿Id1 servic¢5, Ctii7ens Advice BUTh doctors, surgerie& chur¢hes and self-rtfeTrnI. Glants 8Te also rn￿e ￿ or8anÉsations that provide similar support. Within its organi￿1C￿ the Cl•rity owns 8ThJ hc￿In8 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¢ ￿th￿Ined 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¢ C￿pIlant with the Cod¢ of Furthin8 Prnetit¢. As a IcKal parish charity no income 15 ￿CeiVed n¢x ex￿l￿re 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 l￿tin￿￿￿ 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 lo￿1 eommunity, and pn)vided for 22 iA41i￿l(ffl$ httye &55istyJ (h)zens mcrt. The Almshouses provided rt8identiAI *vMnm(thtion fff atotsl of 26 individuals thirin8 the period. FINANCL4L REV Tr1ttx￿i¥I Rvl¢w ofthe yeart*31 Dttembfrr21)21 There i5 a 5urplu$ on general for the pts1￿1 of £WIJ69 before net ¥nd [C￿e8 on investments reV￿￿tionS of fixed &wts. Total net 84iTk5 fr(￿ Investtn￿ts for the ￿llYj lmcrt￿ to £269,645. Th¢5¢ rel* to unrestriLXeAI aTKt endowmatt fjJThJs. The net assets of th¢ Charity at 31 DecemF*r 2021 t￿[1￿ £12,210.￿8 and comprised: pamanent endowm¢nt fiJJKls of £6.986.191. restrict¢d fvJKts of £179.886. desi￿1￿ 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¥low￿t 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 a￿1 accum￿81¢￿ resetvek In (>rder to spreail the risk inherent in I￿¢Stment trustee5 have placed fijth with CCLA tnvestsnent mawen￿L t*)th to ptDvide incOtT￿ for current use b $0 ¢apitsl ac¢umulation for the designatul fitnds as well as placing fund5 with He4rtWlKKI Investh*nt Mana8emenL R*￿rtorthe ThY*es fortheyeareth131 Ik¢¢4tt¢r2021 Riskm8Dag¢ment The Trnstees consider the rnajor risks to achieving its Obi￿tiVeS io be finllneial l(Ns of rev¢nu4 the physical loss of St(x)p Court & Lindley House al￿ the risk of any law suits by residents or stsff for negligence. A fin8nci81 Jx)li¢y is in platt for the diversification of ass¢ts bety¥een larf shares and ￿$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 opu*iona] basis qldified r￿SOnnel from extemal agencies ¢8rry out risk aSsesSn￿ the varioLLS *atsttory The rE5uILS of ail assessmertt5 are rel￿ to Trustees. The Charity an ¢qu81 0ypj￿llti¢s ￿l1¢Y of employrm RegU￿r meetings take Pl￿ are destgned w imprt inf0m￿tIOn and ￿ wve ￿aff the oFwtunity to raise issu¢5. Where specific prOp￿￿S are likely ￿ have a signifi(*rtt imw on individuals sueh stsff 4r¢ wnsulted in line with ¢urrtnt Ic8islation and good waaice. REFERENCE AND AD￿NL￿TrAI1VE D￿AlLs Regi$tend CTharfty 167753 Prfncl￿l a&1 Stoop Court Leisure Lane we￿ Byfle¢t Surrry KT146HF Tntstees KRM¢a TJThomp JHMeCa C Hollingshurst N BTadshf4W A GritYLShaw M Haines C Heath K Elford R Haddow Rtttor of St Mary's ffx-officio) Vicarof St John the Bttoisl (Ex-Officio> res1w￿l 08ffj1r2021 Vice Chaimwi Vicar of St Jth the Bwist (Ex4fficio) Sp￿1ntell 08103r2021 app)inteA 1710512021 Exttutive Dittctor. Mr D Black The c.haritys income comes from prrlty aThJ inve5tsn¢nts arml the Charity 1$ rtstri¢ted io helping those who. immediately prior to 8pplicatio￿ have livd within the Parish of Byfleet oneye4r, bul norn￿1]y th￿e years. Awlito Xeinadin Auditing Statutory Auditors Beckett Ho 36 Old J¢wTy tA)ndon EQR 8DD Solicfftto Hunter& 9 New SquarE, Lincoln'5 tnn. LO￿1(￿￿ WC2A 3QN (Mr l Layz¢ll-Smith) I&￿rt￿r #b the of The BylieetUnikd(knrity (￿illion We hav¢ a￿Jit￿l the fin￿JaI st*M￿ts of The Byfled Unit&J Charity (the 'cTwity) for th¢ year en¢kd 31 DeceIn￿r 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 f￿r view of the of the charitys affaits as at 31 Deizmber 2021 and of its it￿On￿￿8 resou￿¢$ at applI￿110n 0fresoE￿ce& for the yw then ended: have been pro￿rIY 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 ffijrt￿r dtsuiba in the AudÈtors' r¢sp)nsibilitits for the a￿lIt 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 i￿lUding 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 1*5is of in the preparnion of the financial Sthtern￿ts is awrwith. Based on the work we I￿ve ptyfomiol we have n(A Identifi￿ any nwer1￿ utK%rtainti¢S Telating tts events or conditiolis thal Individu￿lY 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 finar￿la[ #attments are authori5￿ for issu¢. Our wonsibilities aEKi the re¥rf)nsibiliti¢s of the tn&ee5 With reSp￿t to going ¢thcern are d¢s¢ribed in the relevant sections of this reporL ljherinfomwllo The trustees are responsible for the other inf￿M￿10n. The othtr information c(xnprises the infOrn￿tion incl￿￿ tn th¢ Annual Repotl other than the finaneial >at￿￿￿ts and our ReNwt ofthe 11￿￿￿n¢ AudÈtr)rs ther￿￿. Our opinion on the financial ￿￿terne￿ts d￿S w cover the other infonRalion anl except to the exl¢nl oth¢n¥Ése explicitly &ated ITr ourrep)o we do nolexpr￿S any forni ofassww ¢on¢lusion thereon. In tonne¢tion with our audit of tk finan¢ia] 5tat¢m¢nL% our reS￿7nSIbl1ltY ¢s ￿ rrad thc othcr infO￿nati1)n an(L in doin8 , ¢￿sIder whether the other infom1￿1(￿ is mthtaily incotLSi5tent with the financiaj *ateTEThts or our knowledge obt￿ned in the audit or otherwise arw to ￿ maw¢atly misststed. If we id￿tify 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 ￿ It￿tthat 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) RegUl￿10￿S 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 aCcO￿tting rttords and rtsJr¥E" or we have not r￿e]Ved all the information and explanations we r¢quir¢ for our audiL Re￿￿Of the tlmle￿￿k￿tA￿II￿ts 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$ 2￿8. audit work h&s u)￿rt￿en so tht %ve might state to the dtariws tn]stees th)se matteTS we ar¢ requiÉed to st8te to in an a￿JItorS, re￿￿ and for no other purp￿. To the fvllest eX￿l pern)itt¢d by law, we do not accept or aswme ￿$￿nsibIlity to anyone othcr than the ¢harity a￿1 the thariws trust￿5 &5 a b(￿. ftsr our audit woEt r¢porL or forthe opinions w¢ have fornK(L Xe]n￿lin Auditing Statutory Auditors Beckett Ho 36 Old Jewry London EC2R 8DD 31 DeceM￿r2D21 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 Cl1RR￿f 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 T￿￿te¢S and authori5￿ fcff issue on 4w...2aik. and were si￿￿ C￿ its beh￿f by: TJ Thompson- Trust The note5 fc*m part of thes¢ fmanciai statemerts forthe yeare*ltyJ31 Dteellthr21ni 2021 2020 Net income fortht prlod (Jb PErthE Sl*nutofFSnANi Aelivities) Adlw8trt*ttts ftir. tkpre¢iation Charges Gain on inv¢Stm￿ts 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 0￿￿tio￿ (167.319) 1$0.0801 ANALYSIS OF(IIANGES IN NET FiTNDS At1.121 Cash flow Ai31.12.21 N¢t C&sh at IMnk and in haTrJ 309243 {151.180) 158.063 309243 {151.180} Is8.(￿3 Totsi 309243 {151,180> 158,063 Th¢ notes form pArt of these finanryal StateM￿ts Pwll rorlk ye*reThlul 31 D¢c¢m￿r2021 Liabiliiies are TEcogni%d expenditure as as thue is a legal or co]Wn￿ve obligation committing the charity to that exwdibJK it is wobable that t tr￿￿Fer of ccon(xnic ttnefits will be wuired in sdt]eMent atMI th¢ amount of the obligation (an ix Mea>ffl￿ TEli8bly. ExEThditure is acc(xmta for on an a¢¢no]s basi5 and h&s betn cl&ssified under headings that aggregate all c05t reltsj to the c8tegory. Where costs ¢annot be di[￿y attributed to particular he8dings they have been all¢x*d to aaivilies on a bosis CO1￿15tent with the use of AIIow8nc¢s•I Allowances a￿] gr￿ts payable are Charg￿ in the year when the offw is (x)nveyed to the rt¢ipient except in those ¢a8es where the Off￿ is condit1￿￿1. such sellior allowance or ￿lts ￿1￿8 reW￿lS¢d as expendittwe when the conditions are fi￿filled. Ailowan¢es and grants offer¥J subje¢t to CoT￿lti￿ which have n(A been met at the are n(*ed as a commitment but a<£rued as exFKndilu GOVERNANCE c￿75 Governance costs compris¢ all L¥￿ts involving tlr publi¢ of the ¢htirity and its complia1￿¢ with regulatson and g(KMI practic& Th￿e E￿I￿Je relat￿1 to statutory gudit and l¢gaJ fee& These (x)sts a]r included within support ¢ost& TANGIBLE Tr]XED ASSE15 tkpre¢iation is provided in equal annual tnsta￿ over the estim￿ lift of each tan8ible w¢t at th¢ following rat¢s. Assds below £l,O(K) ar¢ rKbt capi￿1$* Life exrKctaTKy (years I i(￿* 10 Almshouse FIx￿r¢S & fittings M￿han1￿], ele¢tri¢a] and meal stryice Furniture Comp￿£ Power p]a Inv¢stm¢ni proFWty is showo * most ￿ent VaJu*iC￿. Any aS￿al¢ surplus or d¢fi¢it arisi1￿ ¢lww in fair valu¢ is reco￿J$ed in the Stat¢ment of Financial A¢tivtli¢& Investments are ststed * rnat*et valu¢ & the Eda￿¢ sheet date. Re￿1￿ ￿ ￿realiS￿l gains and losses oxe tsken to the StateEnent of Finan¢iaS Activities in the yeaT in whith (Kw. tnvestEnetit In¢J)rne is taken into account on the basis of the due da* of kmymo The charity is excmpt frorn tsx on its charitable &livitses. Unrastricted fiulds can bc in acc￿ with the clwttsble ￿je£￿1veS at the discretion of the trI￿tte5. Restricted can only be used for wtia]lar restrict￿ pwp)ses within the objects of the charity. Restrictions arise when specified by the donoroT when funts are raised for ￿]cular f¢Strieted EX Further explanation of the T￿tIre and PUT[￿ of e*h fiuMI is includ&1 ill notes tothe fjttancial 5taternetts. Financial instruments are ¢lassIfi￿ albj a¢¢OUnt￿ for. oc¢ording ￿ the wbsrance of th¢ Contra¢n￿ an￿gemen( as either f￿an¢tal assds financial liabilities or equity iAElnrnents. Page 13 continu￿.. forthe yeare*ltd31 Dec¢mknr2021 fimding of (see rK*te ¢(tsts (see ootr 7) 6) Totals Alrnshous¢ Ethie managemetrt Allowdnces and Grants 411.8(Al 1.596 26.166 12.850 38,789 19273 424,710 40.385 241116 196.677 439.622 196,677 70,912 707,211 2020 1,596 1.584 1,357 20.152 Allocated supp)n coAs 3&789 40.385 23.093 AiMSHOUSE RUNNU¥G (XM5 2020 31507 27.144 226.436 20.551 57.1 48.026 12,850 35.473 31.184 81,304 13.897 50.896 41704 40.302 Ryirs & Mainte￿ Cyclical Main*￿￿% LiBhL heat & w*¢r S￿art tkwt¢iation All(Kated s￿m)rt cw$ 424.710 29i.760 Page 15 C4)lliinuvl.. l¥o*s kn the Sla*mpnts. Co￿l￿￿d 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 ft*r the year e￿jed 31 DeL*mber 2020. TrUST£LS' LXPE￿5ES There were no trusttts, eXpa￿S 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 Pe￿i0￿ contributi¢Nh 121598 5.250 9.309 118,560 5.677 9.252 136,157 133.439 Page 17 ft•rthe yeare*knJ 31 Deeekn2021 11 TANGIBLI llXED ￿ETs Fixtwes Freeknld fitttngs TOt￿S 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£¢mtr*r 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 Rev￿u￿1(￿l 1026.502 269,644 A¢ 31 tkc¢mtr¢r 2021 2296,146 NET B￿K VALUE At 31 D￿emE