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|---|---|---|---|---|
|Reference and administrative||details ofthe Charity,|its Trustees and advisers||
|Trustees' report||||2-6|
|Independent
auditors'|report|on the financial statements||7-10|
|Statement offinancial|activities||||
|Balance sheet||||12|
|Statement of cash flows||||13|
|Notes to the financial|statements|||14-23|
||Reference|and administrative|and administrative||details ofthe Charity,|details ofthe Charity,|its Trustees and advisers|
|---|---|---|---|---|---|---|---|
|||For the|Year Ended|||31 December|2021|
|Trustees||Mr S P M Curtis,||Chair ofTrustees||||
|||Mr D BGenders||||||
|||Mrs FJ Powell||||||
|||Mr J Renshaw||||||
|Charity registered||||||||
|number||1190017||||||
|Registered|office|3rd Floor||||||
|||12 Gough Square||||||
|||London||||||
|||EC4A 3DW||||||
|Executive director||Mr C Whitbourn||(appointed||1 February 2022)||
|Independent|auditors|Sayers Butterworth|||LLP|||
|||3rd Floor||||||
|||12Gough Square||||||
|||London||||||
|||EC4A 3DW||||||
|Bankers||Barclays Bank Pic||||||
|||1 Churchill
Place||||||
|||London||||||
|||E145HP||||||
|Solicitors||Cripps LLP||||||
|||Number 22||||||
|||Mount Ephraim||||||
|||Tunbridge
Wells||||||
|||Kent||||||
|||TN4 8AS||||||
|Solicitors||Russell-Cooke|LLP|||||
|||8 Bedford Row||||||
|||London||||||
|||WC1R 4BX||||||
|Property managers||Amherst Asset|Management|||Limited||
|||PO Box92||||||
|||Haslemere||||||
|||Surrey||||||
|||GU27 9GP||||||
|CIO number||CE022237||||||
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||||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|
||||||2021|2021|2020|
|||||Note||||
|Income from:||||||||
|Donations
and|legacies|||2|20,025,000|20,025,000|6,250|
|Investments||||3|147,073|147,073||
|Total income|||||20,172,073|20,172,073|6,250|
|Expenditure
on:||||||||
|Raising funds:||||||||
|Property management|||costs||60,544|60,544||
|Charitable
activities:||||||||
|Governance|costs||||35,158|35,158|'/,917|
|Total expenditure|||||95,702|95,702|1,917|
|Net movement|in funds||||20,076,371|20,076,371|4,333|
|Reconciliation|offunds:|||||||
|Total funds brought||forward|||4,333|4,333||
|Net movement|in funds||||20,076,371|20„076,371|4,333|
|Total funds carried||forward|||20,080,704|20,080,704|4,333|
##
||||||2021||2020|
|---|---|---|---|---|---|---|---|
||||Note|||||
|Fixed assets||||||||
|Investment
property|||||20,005,000|||
||||||20,005,000|||
|Current assets||||||||
|Debtors|||10|93,594||1,250||
|Cash at bank and in hand||||63,093||3,983||
|||||156,687||5,233||
|Creditors: amounts|falling|due within one||||||
|year||||(80,983)||(900)||
|Net current assets|||||75,704||4,333|
|Total assets less current||liabilities|||20,080,704||4,333|
|Total net assets|||||20,080,704||4,333|
|Charity funds||||||||
|Unrestricted
funds|||13||20,080,704||4,333|
|Total funds|||||20,080,704||4,333|
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|||||2021|2020|
|---|---|---|---|---|---|
|Cash flows from operating|activities|||||
|Net cash provided
by operating
activities||||59„110|3,983|
|Change
in cash and cash|equivalents|in|the year|59,110|3,983|
|Cash and cash equivalents|at the beginning||ofthe year|3,983||
|Cash and cash equivalents|at the end|of|the year|63,093|3,983|
|The notes on pages 14to 23 form part ofthese financial statements||||||
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|Unrestricted|Total|
|---|---|
|funds|funds|
|2020|2020|
|6,250|6,250|
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|||||||Unrestricted|Total|
|---|---|---|---|---|---|---|---|
|||||||funds|funds|
|||||||2021|2021f|
||Income from||investment||properties|147,069|147„069|
||Interest receivable|||||4|4|
|||||||147,073|147,073|
|4.|Expenditure||on raising||funds|||
|||||||Unrestricted|Total|
|||||||funds|funds|
|||||||2021|2021f|
||Property|management|||costs|||
||Repairs and||maintenance|||45,032|45,032|
||Property|management||and letting fees||12,901|12,901|
||Professional||fees|||732|732|
||Cleaning|fees||||652|652|
||Council tax|||||440|440|
||Property|insurance||||364|364|
||Electricity|fees||||227|227|
||Gas fees|||||120|120|
||Water rates|||||76|76|
|||||||60,544|60,544|
|5.|Analysis|ofexpenditure|on charitable|activities|
|---|---|---|---|---|
||Summary|by fund type|||
|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2021f|2021f|
|Charitable|activities|35,158|35,158|
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|Unrestricted|Total|
|---|---|
|funds|funds|
|2020|2020|
|1,917|1,917|
|Support|Total|
|---|---|
|costs|funds|
|2021|2021|
|35,158|35,158|
|Charitable|activities|35,158|35,158|
|---|---|---|---|
|||Support|Total|
|||costs|funds|
|||2020|2020|
|Charitable|activities|1,917|1,917|
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|Governance|costs|
|---|---|
|Governance|costs|
||Total|
|---|---|
|Activities|funds|
|2021|2021|
|F||
|35,i58|35,158|
||Tota/|
|---|---|
|Activities|funds|
|2020|2020|
|1,9'/7|1,917|
##
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##
|||2021|2020|
|---|---|---|---|
|Due within one year||||
|Other debtors||93,594||
|Prepayments|and accrued income||1,250|
|||93,594|'/,250|
##
|||||2021|2020|
|---|---|---|---|---|---|
|||||F||
|Trade creditors||||2,592||
|Accruals|and deferred||income|78,391|900|
|||||80,983|900|
||||||2021|
|Resources deferred||during the year|||50,433|
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|||||2021|2020|
|---|---|---|---|---|---|
|||||F||
|Financial|assets|||||
|Financial|assets measured|at amortised|cost|156,687|5,233|
|||||2021|2020|
|||||F||
|Financial|liabilities|||||
|Financial|liabilities measured|at amortised|cost|10,958||
##
|Stateme|nt
of|funds -current year|||||
|---|---|---|---|---|---|---|
|||||||Balance at|
||||Balance at 1|||31|
||||January|||December|
||||2021|Income|Expenditure|2021|
|||||||E|
|Unrestricted||funds|||||
|General|Funds - all funds||4,333|20,172,073|(95,702)|20,080,704|
|Statement of||funds - prior year|||||
|||||||Balance at|
|||||||31|
|||||||December|
|||||Income|Expenditure|2020|
|Unrestricted||funds|||||
|General|Funds - all funds|||6,250|(1,917)|4,333|
##
|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2021|2021|
|Investment|property|20,005,000|20,005,000|
|Current assets||156,687|156,687|
|Creditors|due within one year|(80,983)|(80,983)|
|Total||20,080,704|20,080,704|
|15.|Reconciliation
of net movement|Reconciliation
of net movement|in funds to net cash flow from operating|in funds to net cash flow from operating|in funds to net cash flow from operating|activities||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
||Net income for the year (as per|Statement||of Financial|Activities)|20,076,371|4,333|
||Adjustments
for:|||||||
||Increase
in debtors|||||(92,344)|(1,250)|
||Increase
in creditors|||||80,083|900|
||Investment
properties
received|from legacy||||(20,005,000)||
||Net cash provided
by operating||activities|||59,110|3,983|
|16.|Analysis
ofcash and cash equivalents|||||||
|||||||2021|2020|
||Cash in hand|||||63,093|3,983|
||Total cash and cash equivalents|||||63,093|3,983|
##
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|||||||At 1||At 31|
|---|---|---|---|---|---|---|---|---|
|||||||January||December|
|||||||2021|Cash flows|2021|
|||||||||F|
|Cash|at|bank|and|in|hand|3,983|59,110|63,093|
|||||||3,983|59,110|63,093|
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