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2021-12-31-accounts

Reference and Administrat Reference and Administrat ion
Details
Trustees and Directors Raymond
Graham
Susan James (Chair)
Alan Morris
Andrew
Longhurst
Ian Bocock
Peter Davies
General Manager Dominic
Gilham
Registered Office Ossulton
Coul t
New Windsor Street
Uxbridge,
Middlesex
UB8 2TD
Charity number 1181683-1
Company number 11545982
Auditors Ward Williams
Chartered
Accountants
Belgrave House
39-43 Monument Hill
Weybridge,
Surrey
KT13 8RN
Bankers Handelsbanken
Parris House, Watermans Court
Watermans
Business Park
Kingsbury
Crescent
Staines Upon Thames
TW18 3BA
Solicitors Bird &Lovibond
3 Vine Street
Uxbridge
UB8 1RP
Investment Managers Investec
30 Gresham
Street
London
EC2V 7QN
CCLA Fund Managers Limited
Senator House
85 Queen Victoria Street
London
EC4V 4ET

in office during
the y		 ear and subsequently
were as follows:
Ray Graham appointed
from 14.11.2010until 13.11.2015,
re-appointed
from 14.11.2015 until 13.11.2019,
re-appointed
from 14.11.2019until 13.11.2023.
Mrs SJames appointed
from 06.09.2011until 05.09.2016,
re-appointed
from 06.09.2016until 05.09,2020,
re-appointed
fi'om 06.09.2020 until 05.09.2024.
Alan Morris appointed
from 06.03.2012 until 05.03,2017,
re-appointed
from 06.03.2017until 05.03,2021,
re-appointed
from 06.03.2021 until 05.03,2025.
Mrs BEast appointed
from 23.5.2013 until 22.5.2017,
re-appointed
from 23.5.2017to 22.5.2021,
re-appointed
from 23.5.2021 to 22.5.2025,
Resigned 18.01.2022.
Andrew
Longhurst		 appointed
from 08.11.2016 until 07.11.2020,
appointed
from 08.11.2020 until 07.11.2024.
lan Bocock appointed
from 14.11.2017until 13.11.2021.
re-appointed
from 14.11.2021 until 13,11.2025.
Peter Davies appointed
from 08.01.2019until 07.01.2023.

Restricted Restricted Restricted Restricted Restricted Restricted Restricted Total Total
Fund Fund Fund Fund Fund Fund Funrls Funds
Almshouse Almshouse Lord Lord Relief in Relief in
Ossulton Ossulton Need Need
Notes 2021 2020 2021 2020 2021 2020 2021 2020
Incoming resources
incoming
resources from generated funds
Almshouse
charges
Investment
property
income
Other investment
income		 1 (Split)
1(Split)		 103,740
203,866
14		 ]07,640
226,803
18		 25,133
2		 26,480
2		 334,148
22		 354,757
29		 103,740
563,147
38		 107,640
608,040
Donations
received		 307,620 334,461 25,135 26,482 334,170 354,786 666,925 715,729
Resources expended
Cost ofgenerating
funds
investment
property
expenses
Management
& administration		 1(Split)
1(Split)		 32,508
18,906		 41,247
26,582		 4,008
2,331		 4,816
3,103		 53,282
30,989		 64,516
41,578		 89,798
52,226		 110,579
71,263
Charitable
activities
Almshouse
expenses
Awards
&grants
Management
& administration		 203,391
43,543		 130,314
42,248		 6,291 2,100 74,382 90,264 203391
80,673
43,543		 130314
92,364
42,248
Governance
costs
Management
&administration		 4 (split) 298,348 392
240,783		 12,630 46
10,065		 158,653 612
196,970		 469,631 1,050
447,818
Net Fncoming resources before transfers 9,272 93,678 12,505 .16,417 .
'		 175,517 157,816 ' . 197,294, 267,911:
Transfers between
funds
Net Incoming resources for the year 9,272 93,678 12,505 16,417 175,517 157,816 197,294 267,911
Revaluation
ofproperties
Realised &unreafised
investment
gains/losses		 7 (Split)
8 (split)		 467,657
64,502
532,159		 25,178
25,178		 57,654
7,952
65,606		 2,940
2,940		 766,516
105,723
872,239		 39,383
39,383		 1,291,827
178,177
1,470,004		 67,501
67,501
Net movement
In funds		 14 541,431 118,856 78,111 19,357 1,047,756 197,199 1,667,298 335,412
Balances brought
forward
at 1January 2021		 6,157,565 6,038,709 608,290 588,933 8,087,294 7,890,095 14,853,149 14,517,737
6,698,996 6,157,565 686,401 608,290 9,135,050 8,087,294 16,520,447 14,853,149
16,520,447

Notes 2021 2021 2020 2020
Fixed Assets 6 7,358,716 3,112,584
Investment properties 7 13,379,000 12,087,173
Fixed asset investment 8 1p527,117 1,348,940
22,264,833 16,548,697
Current assets
Investments 9
Debtors 8 prepayments 10 42,048 90,190
Cash at bank and in hand 451,067 347,434
493,115 437,624
Creditors: amounts failing due
within one year 11 370,078 246,394
Net current assets 123,037 191,230
Total assets less current liabilities 22,387,870 16,739,927
4
Creditors: amounts falling due
after more than one year 12 5,867,423 1,886,778
16,520,447 14,853,149
Restricted Funds
Relief in Need 9,135,050 8,087,294
Lord Ossulton 686,401 608,290
Almshouses 6,698,996 6,157,565
16,520,447 14,853,149

Statement
of Cash Flows for the year end		 ed 31D ecem ber 2021
2021 2020
Total Funds
Total Funds
Cash flows from operating
activities
Net cash provided
by (used in) operating
activities		 (A) Tabie 1 (193,441) (386,261)
Cash flows from investing
activities
Dividends,
interest and rents from investments
Proceeds from sale of property,
plant and equipment
Purchase of property,
plant and equipment		 563,147
608,040
300,000
(4,246,718)
(2,115,833)
Proceeds from sale of investments
Purchase of investment
Net cash provided
by (used in) investing		 activities (8) (3,683,571)
(1,207,793)
Cash flow from financing
activities
Repayments
of borrowing
Cash inflows from new borrowing		 3,980,645 1,886,778
Receipt of endowment
Net cash provided
by (used in) financing		 activities (C) 3p980~645 1886 778
Change
in cash antLcash equivalents
in the reporting
Change
in cash and cash equivalents
at the beginning		 period (A-B-C)
ofthe reporting		 period Table 2 103,633
347,434		 292,724
54,710
Change
in cash and cash equivalents
due to exchange rate movements
Change
in cash and cash equivalents
at the end ofthe reporting
period		 Table 2 451,067:. -347,434:
Table 1:
Reconciliation ofnet income/expenditure
Net income/expenditure
for the reporting		 to net
period		 cash flow from operating activities 1,667,298 335,412
Adjustments
for:
D preciation
charges
(Oains)/Losses
on investments
Dividends,
interest
and rents from investments
Loss/(profit)
on disposal offixed assets		 586
(1,470,004)
(563,147)		 782
(67,501)
(608,040)
232
Loss/(profit)
on demolition
ofAlmshouse
(increase)/decrease
in stocks
(Increase)/decrease
in debtors
Increase/(decrease)
in creditors
Net cash provided
by (used in) operating		 activities 48,142
123,684
(193,441)		 (55,781)
8,635
(386,261)
Table 2:
Analysis of cash and cash equivalents
Cash in hand		 451,067 347,434
Notice deposits
- less than three months
Overdraft
facility repayable
on demand
Total cash and cash equivalents		 4M.,067 . 347,434.

3.Grants &application
support		 2021 2020
Total Grants 80,673 92,364
Split as follows:
Relief in Need Fund - hardship
relief
Lord Ossulton
Fund
—educational		 74,382
6,291
80I673		 90,264
2,100
92,364
The total number
ofgrants given was as follows:		 2021 2020
Relief in Need Fund
—hardship
relief
Lord Ossulton
Fund - educational		 49
13
62		 48
3
51
4.Governance
costs		 2021 2020
Legal and professional
fees
Audit fees
Donation re: Accountancy
Trustees expenses		 (25)
5,100
3,000
8,075		 10,218
4,800
3,000
1,050
19,068
Trustees expenses Trustees expenses 2021 2020
Training
Mileage
Travel
Misc
Refreshments		 1,050
1,050
Employees 2021 2020
Wages and
Employers		 salaries, including
social security costs
pension contributions		 108,139
5,807		 85,755
4,611
Redundancy payments 113,946 90,366

6.Fixed assets - tangible
Almshouses Office Total
Original Improve Land New FRF
5/0 SL 50/0 SL 25/0 WDV
Cost or valuation
At 01.01.2021 3,110,239 17,017 3,127,256
Additions 4,246,718 4,246,718
Disposals 7,356,957 17,017 7,373,974
Depreciation
At 01.01.2021		 14,672 14,672
Charge for the year 586 586
Disposals 15,258 15,258
Net book valuation
31December 2021 7,356,957 1,759 7,358,716
31December 2020 3,110,239 2,345 3,112,584
7.Fixed asset investment - Property
Cost or valuation
At 01.01.2021 12,087,173
Additions
Improvements
Revaluation 1,291,827
DisposaIs
13,379,000
Depreciation
At 01.01.2021
Charge for the year
Disposals
Net book valuation
31December 2021 13,379,000
31December 2020 12,387,173

8.Fixed assets investments
CCLA Investec Total
Investment
Funds
Cost or valuation
At 01.01.2021 594,346 754,594 1,348,940
Additions
Revaluation 99,633 78,544 178,177
Disposais
693,979 833,138 1,527,117
Original cost 364,828 606,575 971,403

10.Debtors
2021 2020
Rents receivable 17,875 70,805
Rents bad debt provision (14,976)
Sundry debtors 18,368 26,514
Prepayments 5,805 7,847
42,048 90,190
11.Creditors: am ounts falling du e within one year
2021 2020
Trade creditors 284,780 165,171
Accrued expenses 5,177 6,770
Deferred
income		 —rents invoiced in advance 53,370 54,702
Taxation
and social security		 2,708 1,845
Sundry creditors 24,043 17,906
370,078 246,394
12.Creditors: amounts falling due more than one year
2021 2020
Bank loan 5,867,423 1,886,778

2021 2020
Redevelopment ofthe Almshouse 0 5,582,273

Realised/
Unrealised
Bal b/fwd Incoming Resources Revaluation Investment Bal c/fwd
at 1.1.2021 resources expended of properties gains/losses at 31.12.21
Relief in Need 8,087,294 334,170 158,653 766,516 105,723 9,135,050
Lord Ossulton 608,290 25,135 12,630 57,654 7,952 686,401
Almshouse 6,157,565 307,620 298,348 467,657 64,502 6,698,996
14,853,149 666,925 469,631 1,291,827 178,177 16,520,447