2022-12-31-accounts - Uxbridge United Welfare Trust

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Reference and Administrat	Reference and Administrat	ion Details	ion Details
Trustees and Directors		Susan James (Chair)
		Alan Morris
		Andrew Longhurst
		lan Bocock
		Peter Davies
		Jane Ellis
		Wendy Walker
		Simon Nash
General Manager		Dominic Gilham
Registered	Office	Ossulton Court
		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		Birdk Lovibond
		5 Vine Street
		Uxbridge
		UB81QE
Investment	Managers	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 13.11.2018,
	re-appointed from 14.11.2018until 13.11.2022.
Mrs SJames	appointed from 06.09.2011 until 05.09.2016,
	re-appointed from 06.09.2016until 05.09.2019,
	re-appointed from 06.09.2019until 05.09.2023.
Alan Morris	appointed from 06.03.2012 until 05.03.2017,
	re-appointed from 06.03.2017until 05.03.2020,
	re-appointed from 06.03.2020 until 05.03.2024.
Mrs BEast	appointed from 23.5.2013until 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 08.11.2016until 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,
	re-appointed from 08.01.23 until 07.01.2027.
Jane Ellis	appointed from 15.11.22 until 14.11.26.
Wendy Walker	appointed from 15.11.22 until 14.11.26.
Simon Nash	appointed from 16.05.23 until 15.05.27.

			Restricted	Restricted	Restricted	Restricted	Restricted	Restricted	Total	Total
			Fund	Fund	Fund	Fund	Fund	Fund	Funds	Funds
			Almshouse	Almshouse	Lord	Lord	Relief ln	Relief in
					Ossulton	Ossulton	Need	Need
		Notes	2022	2021	2022	2021	2022	2021	2022	2021
Incoming resources
Incoming resources from generated funds
Almshouse charges			149,909	103,740					149,909	103,740
Investment property income		1(Split)	202,261	203,866	26,676	25,133	354,787	334,148	583,724	563,147
Other investment income		1(Split)	63	14	9	2	111	22	183	38
Donations received
			352,233	307,620	26,685	25,135	354,898	334,170	733,816	666,925
Resources expended
Costofgenerating funds
Investment property expenses		1(Split)	92,784	32,508	11,438	4,008	152,079	53,282	256,301	89,798
Management &administration		1(Split)	18,685	18,906	2@04	2,331	30,626	30,989	51,615	52,226
Char(table activities
Almshouse expenses		2	372,868	203,391					372,868	203,391
Awards &grants		3			4,323	6,291	34,017	74,382	38,340	80,673
Management &administration			53,774	43,543					53,774	43,543
Governance costs
Management &administration		4 (split)	302				494		833
			538,413	298,348	18,102	12,630	217 216	158,653	773,731	469,631
Net Incoming resources before transfers			(186,180)	9,272	8,583	12,505	137,682	175,517	(39,915)	197,294
Transfers between funds
Net Incoming resources for the	year		186,180)	9272	8,583	12,505	137,682	175,517	39,915)	197294
Revaluation ofproperties		7(Split)		467,657		57,654		766,516		1,291,827
Realised &unreallsed investment	gains/losses	8(split)	49,412)	64,502	(6,092	7,952	80,990	105,723	(136,494)	178,177
			(49,412	532,159	(6,092	65,606	80,990)	872,239	(136,494)	1,470,004
Net movement in funds		14	(235,592)	541,431	2,491	78,111	56,692	1,047,756	(176,409)	1,667,298
Balances brought forward at 1January 2022			6,698,996	6,157,565	686,401	608,290	9,135,050	8,087,294	16,520,447	14,853,149
			6,463,404	6698,996	688,892	686,401	9,191,742	9,135,050	16,344,038	16,520,447
									16,344,038

			Notes	2022	2022	2021	2021
Fixed Assets					9,337,175		7,358,716
Investment	properties				12,879,000		13,379,000
Fixed asset	investment				323,992		1,527 117
					22,540,167		22,264,833
Current assets
Investments			9
Debtors 8I prepayments			10	35,226		42,048
Cash at bank and in hand				599,204		451,067
				634,430		493,115
Creditors: amounts		falling due
within one	year		11	432,276		370,078
Net current	assets				202,154		123,037
								I
Total assets	less current liabilities				22,742,321		22,387,870
Creditors: amounts		falling due
after more	than one year				6„398,283		5,867,423
					164344,038		26,620,447
Restricted Funds			14
Relief in Need					9,19'1,742		9,135,050
Lord Ossulton					688,892		686,401
Almshouses					6,463,404		6,698,996
					16,344,038		16,520,447

Statement ofCash Flows for the year	end	ed 31De	ce		ber 2022
										2022	2021
										Total Funds	Total Funds
Cash flows from operating activities
Net cash provided by (used in) operating		activities	(A)						Table 1	(512,895)	(193,441)
Cash flows from investing activities
Dividends, interest and rents from investments										583,724	563,147
Proceeds from sale of property, plant	and	equipment								500,000
Purchase of property, plant and equipment										(2,020,183)	(4,246,718)
Proceeds from sale of investments										1,066,631
Purchase of investment
Net cash provided by (used in) investing		activities	(B)							130,172	(3,683,571)
Cash flow from financing activities
Repayments ofborrowing
Cash inflows from new borrowing										530,860	3,980,645
Receipt ofendowment
Net cash provided by (used in) financing		activities	(C)							530,860	3,980,645
Change in cash and cash equivalents	in the reporting				period (A-B-C)					148,137	103,633
Change in cash and cash equivalents	at the beginning			ofthe reporting			period		Table 2	451,067	347,434
Change in cash and cash equivalents	due	to exchange			rate movements
Change in cash and cash equivalents	at the end of		the		reporting	period			Table 2	599,204	451,067
Table 1:
Reconciliation ofnet income/expenditure		to net cash			flow from	operating		activities
Net income/expenditure for the reporting		period								(176,409)	1,667,298
Adjustments for:
Depreciation charges										41,724	586
(Gains)/Losses on investments										136,494	(1,470,004)
Dividends, interest and rents from investments										(583,724)	(563,147)
Loss/(profit) on disposal offixed assets
Loss/(profit) on demolition ofAlmshouse
(Increase)/decrease in stocks
(Increase)/decrease in debtors										6,822	48,142
Increase/(decrease)in creditors										62,198	123,684
Net cash provided by (used in) operating		activities								(512,895)	(193,441)
Table 2:
Analysis ofcash and cash equivalents
Cash in hand										599,204	451,067
Notice deposits- less than three months
Overdraft facility repayable on demand
Total cash and cash equivalents										599,204	451,067

			2022	2021
Training
Mileage
Travel
Misc
Refreshments			833
			833
Employees
			2022	2021
Wages and	salaries, including	social security costs	127,964	108,139
Employers	pension contributions		6,473	5,807
Redundancy	payments
			134,437	113,946

6.Fixed assets - tangible
	Almshouses				Office	Tota I
	Original	FKF	Land	New Build	F5 F
	1%SL	10%SL			25%WDV
Cost or valuation
At 01.01.2022				7,356,957	17017	7	373974
Additions		12,866		1,996,119	11,198	2,020,183
Disposa Is
Transfers	9,353,076			(9,353,076)
	9,353,076	12,866			28,215	9,394,157
Depreciation
At 01.01.2022					15,258		15,258
Charge for the year	38,971	536			2,217		41,724
Disposals
Transfers
	38,971	536			17,475		56,982
Net book valuation
31December 2022	9,314,105	12,330			10,740	9,337,175
31December 2021				7,356,957	1,759	7,358,716

8.Fixed assets investments
	CCLA	Investec	Tota I
	Investment
	Funds
Cost or valuation
At 01.01.2022	693,979	833,138	1,527,117
Additions
Revaluation	(69,987)	(66,507)	(136,494)
Disposals	(300,000)	(766,631)	(1,066,631)
	323,992		323,992
Original cost	364,828		364,828
9.Current assets investments
The trust does not currently	hold any current asset investments.

10.Debtors
			2022	2021
Rents receivable			18,051	17,875
Rents bad debt provision
Sundry debtors			12,492	18,368
P repayments			4,683	5,805
			35,226	42,048
11.Creditors: amounts	falling due within one year
			2022	2021
Trade creditors			345,955	284,780
Accrued expenses			13,752	5,177
Deferred income - rents	invoiced	in advance	43,962	53,370
Taxation and social security			2,891	2,708
Sundry creditors			25,716	24,043
			432,276	370,078
12.Creditors: amounts	falling due more than one year
			2022	2021
Bank loan			6,398,283	5,867,423

						Realised/
						Unrea lised
	Bal b/fwd	Incoming	Resources	Revaluation		Investment	Bal c/fwd
	at 1.1.2022	resources	expended	ofproperties		gains/losses	at 31.12.22
Relief in Need	9,135,050	354,898	(217,216)		0	(80,990)	9,191,742
Lord Ossulton	686,401	26,685	(18,102)			(6,092)	688,892
Almshouse	6,698,996	352,233	(538,413)		0	(49,412)	6,463,404
	16,520,447	733,816	(773,731)		0	(136,494)	16,344,038