2021-10-31-accounts - The Dyers' Almshouse Charity CIO

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rence and	administrative information	administrative information	administrative information
Founder	The Wardens and Commonalty				ofthe Mistery ofDyers ofthe City ofLondon,			commonly
	known as The Dyers'	Company,			or The	Worshipful	Company ofDyers.
	The Dyers' Company	was incorporated				by Royal Charter in 1471,reg no. RC000911.
Registered	11-13Dowgate Hill
office	London, EC4R2ST
	Tel: 020 72367197
	Email: officedyerscompany.			corn
Trustee:	The Dyers' Company	is	the Trustee.
	During the year the following			were the members of			the Court ofThe Dyers' Company:
	RG Scott Moncrieff			M Bird			A C SMacpherson
	BM de L Cazenove			J	M Lyon	(died	G C Rothwell
	M W M Rowlandson			22nd May 2021)			NB Q Back
	P G Mathieson			J	RChambers		A H JCrockatt
	FA Onians			I	G Blair		Prof. RH Wardman
	H D M Morley-Fletcher			A RBurdon-Cooper			JPRothwell
	LtCol. M A Marshall			LSMackintosh			JECawley (re-appointed		6~
	RA Leuchars			Dr M G Bartle			October 2021)
	Sir Edmund Verney			H C Jourdain			M G Mathieson
	RP Back			J	M Holme		SM JLyon (appointed	4th
	EAMLee			J	N Crockatt		November 2020)
Chief	Mr J RVaizey, The Clerk to the				Trustee
Executive
Officer
Bankers	National Westminster	Bank PLC
	1 Princes Street
	London
	EC2R8BP
Solicitors	BDBPitmans LLP
	50Broadway
	London
	SW1H OBL
Independent	Haysmacintyre LLP
Auditors	10Queen Street Place
	London
	EC4R 1AG
Investment	SG Kleinwort Hambros		Bank	Limited
Adviser	8 StJames's Square
	London
	SW1Y4JU

			Expendable		Total	Total
			Endowment	Unrestricted	3l October	3l October
			Fund	General Fund	202I	2020
		Notes
Income and endowments	from:
Charitable activities		2		187,316	187,316	182,461
Investments		3		106,640	106,640	97,793
Other income		12				2,790,683
Totalincome				293,956	293,956	3,070,937
Expenditure on:
Charitable activities
Almshouses costs				273,706	273,706	247,666
Other expenditure				7,290	7,290	5,949
Investment management	costs			3,539	3,539	4,094
Total expenditure				284,535	284,535	257,709
Net incomel(expenditure)	before
gains and losses on investments				9,421	9,421	2,813,228
Net gainsIPosses) on investments			395,094		395,094	(395,420)
Net incomeI(expenditure) for theyear			395,094	9,421	404,515	2,417,808
Transfers between funds
Net movement infunds			395,094	9,421	404,515	2,417,808
Fund balances brought	forward		2,304,773	113,035	2,417,808
Fund balances carried forward			2,699,867	122,456	2,822,323	2,417,808

			3l October	3l October
			202l	2020
		Notes
Fixed assets
Freehold land, almshouses equipment	and		110,830	83,081
Investment portfolio at market value			2,564,432	2,281,467
			2,675,262	2,364,548
Current assets
Debtors and prepayments		10	11,138	8,958
Cash at bank			151,715	57,792
Total current assets			162,853	66,750
Liabilities
Creditors falling due within one year			(15,792)	(13,490)
Net current assets			147,061	53,260
Total net assets			2,822,323	2,417,808
Represented by:
Unrestricted funds
Expendable Endowment	Fund	12	2,699,867	2,304,773
General Fund		12	122,456	113,035
Totalfunds			2,822,323	2,417,808

				31October	31October
				2021	2020
4.Expenditure on charitable			activities contid
Repairs and maintenance
Grounds maintenance				22,825	21,874
Heating &plumbing	repairs	and	maintenance	9,431	10,141
General repairs				5,789	1,873
Risk Assessment and	Testing			3,788
Electrical repairs				105	200
Roofrepairs					799
				41,938	34,887
Major works
Major refurbishments	and upgrades			57,757	34,264
Electrics Improvements				3,226
Equipment Depreciation				3,083
New cookers				1,412	459
New shower units				438	688
Roofing					7,518
Groundworks &drainage					2,160
Fire &security improvements					1,416
				65,916	46,505
Other expenditure
Management staff costs				53,795	56,623
Legal &professional				8,940	12,451
Audit fee				5,640	5,160
				68,375	74,234
Total expenditure on charitable		activities		273,706	247,666

8.Freehold Land and Buildings
	Land &	Equipment	Total
	Buildings
Balance as at 1"November 2020	83,081		83,081
Additions in the year-at cost Depreciation Balance as at 31"October 2021	83,081	30,832 ~3,083 27,749	30,832 ~3,083 110,830

				31October	31October
				2021	2020
9.Listed Investments
Market value brought forward				2,281,467	2,680,002
Additions in the year at cost					271,666
Disposals in the year at carrying		value		(83,426)	(325,345)
Gain in the year on investments		retained		366,391	(344,856)
Market value at end ofthe year				2,564,432	2,281,467
Historical costofinvestments	held at the end ofthe year			1,741,838	1,806,281
10.Debtors
Prepayments				9,608	7,480
Residents' maintenance contributions				1,369	1,317
Other debtors				161	161
				11,138	8,958
11.Creditors
Trade creditors and accruals				14,087	12,380
Other creditors				1,705	1,110
				15,792	13,490
12.Analysis ofCharitable		Funds
On 1"November 2019the CIO received a donation ofall ofthe net
assets ofthe Dyers' Almshouse Charity, reg no. 210755.
Expendable Endowment fund
Balance brought forward				2,304,773
Donation from Dyers'	Almshouse		Charity		2,700,193
Gains/ (losses) on investments				395,094	(395,420)
Balance carried forward				2,699,867	2,304,773

31"October 2021	31"October 2021	Unrestricted	Expendable	Total
		Funds	Endowment	Funds
			Funds
Freehold	land and property		110,830	110,830
Investments			2,564,432	2,564,432
Current	assets	138,248	24,605	162,853
Current	liabilities	(15,792)		(15,792)
Total		122,456	2,699,867	2,822,323
31"October 2020		Unrestricted	Expendable	Total
		Funds	Endowment	Funds
			Funds
Freehold	land and property		83,081	83,081
Investments		59,775	2,221,692	2,281,467
Current	assets	66,750		66,750
Current	liabilities	(13,490)		(13,490)
Total		113,035	2,304,773	2,417,808

		Expendable	Unrestricted	Total
		Endowment	General Fund	31October
		Fund		2020
Income and endowments	from:
Charitable activities			182,461	182,461
Investments			97,793	97,793
Other income		2,700,193	90,490	2,790,683
Totalincome		2,700,193	370,744	3,070,937
Expenditure on:
Charitable activities			247,666	247,666
Investment management	costs		4,094	4,094
Other costs			5,949	5,949
Total Expenditure			257,709	257,709
Net income(expenditure) losses on investments	before gains and	2,700,193	113,035	2,813,228
Net gainsl(losses) on investments		(395,420)		(395,420)
Net income! (expenditure) for theyear		2,304,773	113,035	2,417,808
Transfers between Funds
Net movement infunds		2,304,773	113,035	2,417,808
Fund balances brought	forward
Fund balances carried forward		2,304,773	113,035	2,417,808