2021-06-30-accounts

INTRODUCTION				3
REPORT OF THE TRUSTEES.				5
OBJECTIVES OFTHE CHARITY AND		ACTIVITIES FOR THE PUBLIC BENEFIT .		5
WHAT WE PLANNED TO DO, WHAT	WE		ACHIEVED, WHAT WE LEARNED. .	5
CHARITABLE ACTIVITIES ..				.7
Public Benefit.				. 7
Direct Grants .				. 7
Rent Subsidies				.8
Monitoring Achievement. CHARITABLE ACTIVITIES ..				. 8 9
Child Support Grants. . Indi vidual Education Grants.	.			. 10 . 11
Regularly Funded Organisations Crisis Grants. .			(RFOs) ..	. 11 12
COVID-19 (C-19)Emergency Project Funding . Crossroads Care .		Fund ..		12 13 15
Charitable Activity Funding	2020-2021 .			16
PROPERTY REVIEW..				17
FINANCIAL REVIEW ..				19
Overview.				19
Personnel and Remuneration.				19
Total Return.				19
Investment Policy Reserves Policy. Risk management. . PLANS FOR THE FUTURE.				19 19 20 20
Core Funding Programme. Education and employment.				20 21
Exceptional Spend. Grant Management System Technology. oneRichmond .	(GMS)..			21 21 21 21
Partnerships . Queen's Road Development.				21 21
Strategic Plan . STRUCTURE, GOVERNANCE AND MANAGEMENT.				21 22
ADMINISTRATIVE INFORMATION.				23
STATEMENT OF TRUSTEES RESPONSIBILITIES .				24

nd add	itional counselling and therapies	may also be need	ed.
	Barnes Primary School				1,890
	Christ's CofESchool				15,120
	Darell Primary School				5,940
	Deer Park School				810
	East Sheen Primary School				3,375
	Grey Court School				14,310
	HolyTrlnity C ofE Primary School				5,805
	Kew Riverside Primary School				4,455
	Lowther Primary School				7,425
	Marshgate Primary School				5,265
	Meadlands Primary School				4,995
	Richmond Park Academy				12,960
	Sheen Mount Primary School				2,835
	StElizabeth RC Primary School				1,080
	St Mary Magdalen's Primary				3,375
	StOsmund's Catholic Primary				1,215
	St Richard's Primary School				7,425
	The Queen's CofE Primary				2,430
	The Russell School				4,860
	Thomson House School				4,455
	Vineyard Primary School				2,295
	Windham Nursery				1,485
					113,805
"Wewere really pleased to be able to direct some ofthe money to support catch up booster classes for pupils most affected by the Lockdown. This has enabled us to offer some one-to-one catch up. Our evaluations ofthe impact ofthe first term ofthis has been very encouraging with some children making up for more than the 12weeks of school they missed. " StRichard's Primary School

Achieving for Children (9)		119,$00	Mor tleke Community Association (2l	Mor tleke Community Association (2l	Mor tleke Community Association (2l	14,998
Action Attainment (2)		16,847	Multi oultural Rlohmond			7.600
ADHD Richmond 9rKingston		9.696	My Life Films (3)			39,865
Age UK. Riohmond ArtsrSoul (2)		32,200 15,820	Off the Reoord (41 oneRlchmond			49.678 20,679
ASCA Addiotion Support		20,795	Orange Tree Theatre(2)			26.000
Barn as Community Arts Centre		20.000	Otaker KrausMusio Therapy(4)			22,473
Barnes Community Association		3.263	Pensford Tennis Club			2,000
Beautifully Made Foundation		13,840	Petersham fk Ham Scouts			10.000
Brighter Together		7.437	Plctologue (2)			20.000
Cambrian Centre (2)		53,000	Princess Alice Hospice (2)			44,992
Cassel Hospital		5.925	RAKAT Aooesslble Transport			19.$95
Castelnau Community Centre	(2)	27,234	RBMind (3)			53,646
Central 9rCeoll Housing (3l Citizens Advice Bureau (2)		12,850 $5.634	Rlohmond AID(3) Riohmond Carers Centre (3)			54.204 54,618
Cluster Group ofHeadteaohers		9.000	Richmond CVS			14.775
Collective Arts		9,636	Riohmond EALFriendship Group			10,000
Crossroads Care (3)		51,288	Richmond Furniture Scheme (2)			6.750
Crossw ay Pregnanoy (3) Dawel Primary School (2)		27,000 2.300	Richmond Good Neighbours Richmond Menoap (2)			10,000 26,793
Deer Park Sohool		1.000	Richmond Musio Trust			20.000
Dose ofNature (3l		70.000	Richmond Rugby Club (2)			25.440
DSSport EastSheen Primary Sohool FiSH,Barnes 6rMortlake (2)		10,000 9.475 5,500	Richmond Users Independent River Thames BoatPro)cot Riverbank Trust (3)	Living		18,542 $,000 35,900
Friends ofMeadlands		5.000	RNLI			1$.000
Grey Coun Soho of Ham 9rPetersh am SOS		11,298 11.100	Room for Work(2) Royal Botanic Gardens (2)			12,388 26.6$8
Holy Trinity Primary School Home Stat (2) Integrated Neuro. Semloes (3)		17,138 16,100 59.107	Skylarks (2) Smallpeice Trust SPEAR(4)			19,832 6,000 96.000
Intergenerational Muslo		5,000	St.Richards Primary School PTA			33,726
Kew Neighbourhood (2)		25.700	South West London Stroke Club			6,000
Kew Riverside Primary School		5,000	Spaoe2Grieve			19.940
Klok Academies (2) Kingston Advooaoy Group LBRuT		43,227 3,000 10.000	TAGYouth Club(4) The Conservation Volunteers The Harlequtns Foundation			3$,069 9.600 10,000
Learn English at Home		25,000	The Mulberry Centre			12,000
Let's GoOutside 8rLearn		20.515	The Real Junk Food Pro(sot			950
Locality Group of Headteaohers		15,000	The Russell Sohool			4.516
Lowther Primary School LYATrust (3)		25.000 39,543	Thomson House Sohool Through the Noise			1,800 3.600
Marble Hill Play Centre Marshgate Primary School		15.000 10.000	Vineyard Community Centre (4) Voloes ofHope (2)			$5,230 35,000
Meadlands Primary Sohool		5,314	Weloare (2)			12,475
MiD Mediation (2)		16,000	Westerley Ware Association			250
Middlesex Assn. Iorthe Blind		6,500	Prior year adlustment			65
Sub-total		998,782	Sub-total			1,031.717
Eduoatlon grants to indivldua	Is	53,386	Total direct grants toorganisatlons			2.030.499
Crisis Grants Grants to individuals		148,275 199.661	Child Suppon Grants Grants toOrganisations			113,805 2.144.304
Grants toindividuals		199,661	Rent subsidies - families			478.543
Grants to organlsations		2.144.304	Rent subsidy - charity		shop	11.669
Total direct grants		2.343.965	Total rent subsidies			490.212
Total Charitable Activities		2.834,177

Income and Expenditure			Note	Unrestricted	Restricted	Total	Total
				funds 6	funds	2021f	2020 6
Income
Donations and gifts					39,984	39,984
Charitable property			2	777,009		777,009	780,579
Investment property				393,125		393,125	456,963
Investment income			3	1,519,284		1,519,284	1,507,109
Gain on disposal of property			7		507,140	507,140
Total income				2,689,418	547,124	3,236,542	2,744,615
Expenditure
Cost of raising funds:
Investment property				186,007		186,007	219,857
Management fees					163,909	163,909	154,622
Loss on disposal of property							2,492
				186,007	163,909	349,916	376,971
Charitable activities			4	2,924,413	500,000	3,424,413	2,931,515
Total expenditure			4	3,110,420	663,909	3,774,329	3,308,486
Net expenditure before other
recognised gains and losses				(421,002)	(116,785)	(537,787)	(583,835)
Net gain/(loss) on investments				5,725	4,301,616	4,307,341	1,182,323
Unrealised gain on revaluation		of
property					4,103,500	4,103,500	7,554,300
Net income before transfers				(415,277)	8,288,331	7,873,054	8,172,788
Transfers between funds				79,335	(79,335)
Net movement in funds				(335,942)	8,208,996	7,873,054	8,172,788
Total funds carried forward	1 July
2020			12	2,110,746	105,507,428	107,618,174	99,445,386
Total funds carried forward
30June 2021			12	1,774,804	113,716,424	115,491,228	107,618,174

		Note	Unrestricted	Restricted	Total	Total
			funds	funds	2021	2020
			E	E	E	E
Fixed assets
Freehold land and	buildings			55,893,750	56,893,750	54,055,250
Investment properties				11,589,255	11,589,255	13,547,822
Other investments			44,705	45,394,352	45,439,058	38,992,350
Other fixed assets
			44,706	113,877,357	113,922,063	106,595,432
Current assets
Debtors		10	657,090	19,992	587,082	480,347
Cash at bank and	in hand		1,320,574		1,320,574	800,154
			1,987,664	19,992	2,007,656	1,280,501
Current liabilities
Creditors and accruals			(257,565)	(180,925)	(438,491)	(257,759)
			(257,566)	(180,925)	(438,491)	(257,759)
Net current assets			1,730,098	(160,933)	1,569,165	1,022,742
Total net assets		13	1,774,804	113,716,424	115,491,228	107,618,174
Represented by:
Restricted funds:
Endowment fund		12		113,553,373	113,553,373	105,330,947
Barnes Charities	funds	12		123,057	123,057	178,481
oneRichmond fund		12		39,984	39,984
Unrestricted funds:
General reserves		12	1,774,804		1,774,804	2,055,378
Barnes charities		12				55,368
Total funds		12	1,774,804	113,716,424	115,491,228	107,618,174

		Note	Unrestricted	Endowment	Total	Total
			funds	funds	2021	2020
				C	6	6
Cash flows from operating
activities
Net cash utilised by operating
activities		16	(2,038,407)	(355,678)	(2,394,085)	(1,902,930)
Cash flows from investing
activities
Rent from investment properties			393,125		393,125	456,963
Dividends received			1,518,003		1,518,003	1,503,505
Interest received			1,281		1,281	3,604
Land and buildings planning	and
development cost				(21,433)	(21,433)	(30,514)
Sale of land and buildings				3,252,140	3,252,140	640,358
Purchase ofinvestments			(9,695)	(3,484,800)	(3,494,495)	(627,577)
Sale ofinvestments			881,115	384,769	1,265,884
Net cash provided by investing
activities			2,783,829	130,676	2,914,505	1,946,339
Cash flows from financing
activities
Increase in cash and cash
equivalents in the year			745,422	(225,002)	520,420	43,409
Cash and cash equivalents	at the
beginning ofthe year			575,152	225,002	800,154	756,745
Cash and cash equivalents	at
the end ofthe year			1,320,574		1,320,574	800,154

			Unrestricted	Restricted
			funds	funds	Total	Total
			2021 8	2021	2021f	2020 8
Residential	income		718,087		718,087	712,276
Non-residential		income	58,922		58,922	68,303
			777,009		777,009	780,579

		Unrestricted	Endowment
		funds	funds	Total	Total
		2021 8	2021 5	2021f	2020 5
Income	from investments	1,518,003		1,518,003	1,503,505
Money	market interest	1,281		1,281	3,604
		1,519,284		1,519,284	1,507,109

le and other activities ar	le and other activities ar	e as follows:
Unrestricted funds:				Other
			Staffcosts	expenditur	Total	Total
				e
			2021	2021f	2021	2020
Cost of Raising Funds:
Investment property	costs:
Direct costs				135,909	135,909	166,638
Support costs			32,579	17,519	50,098	53,219
Total cost of raising	funds		32,579	153,428	188,007	219,857
Charitable activities:
Grants expenditure:
Direct grants expenditure		(note 5)		2,343,965	2,343,965	1,760,742
Support costs			101,298	43,798	145,096	108,270
			101,298	2,387,763	2,489,061	1,869,012
Charitable property	expenditure;
Direct costs				319,110	319,110	397,818
Support costs			49,460	17,519	66,979	90,678
			49,460	336,629	386,089	488,496
Governance:
Support costs			40,503	8,760	49,263	54,007
			40,503	8,760	49,263	54,007
Total charitable activities			191,261	2,733,152	2,924,413	2,411,515
Total expenditure	from		223,840	2,888,580	3,110,420	2,831,372
unrestricted funds

Resources expende	d	(continued)
				Total	Total
Endowment funds:				2021	2020
				F	F
Cost ofGenerating	Funds:
Investment management		costs		163,909	154,622
Depreciation				500,000	520,000
Loss on disposal of	property				2,492
Total expenditure	from endowed		funds	663,909	677,114
Total expenditure				3,774,329	3,308,486

Charitable	ac	tiv	ities
				Total	Total
				2021f	2020 8
Organisations,			2021 Awards 110(2020 —96)
Regularly	funded		organisations	419,712	437,110
Projects				886,030	750,985
C OVID				618,503	193,788
Child support				113,805	89,040
Other				106,254	81,630
				2,144,304	1,552,553
Individuals,		2021 Awards 472 (2020 —426)
Crisis				146,275	142,297
Education				53,386	65,892
Direct grants		expenditure		2,343,965	1,760,742

subsidies gran	ted to charitable tenants when setting the	ir current charitable rents.
Reconciliation	of grants payable:	Total	Total
		2021	2020
		6	6
Commitments	brought forward	11,266
Commitments	made in the year	2,343,965	1,760,742
		2,355,231	1,760,742
Grants paid during the year		(2,279,041)	(1,749,476)
Commitments	carried forward	76,190	11,266

Employees'	emoluments	2021	2020
		E	E
Wages and	salaries	190,559	193,823
Social security costs		16,852	8,552
Pension costs		16,429	15,914
		223,840	218,289

reimbursed ex	penses in the year (2020-FNil)
		2021	2020
Management	emoluments	E	E
Wages and salaries		114,146	114,319
Social security	costs	12,972	12,079
Pension costs		10,163	10,114
		137,281	136,512

pment which has been valued	at cost as it is curre	ntly an asset in the co	urse of constructio	n.
		Residential	Other
		properties	charitable	Total
			8	F
Endowment Fund: Charitable	Properties:
Valuation
At 1 July 2020		42,930,250	11,125,000	54,055,250
Disposal		(2,055,000)		(2,055,000)
Revaluation of properties		5,008,500	(108,000)	4,900,500
Valuation at 30June 2021		45,883,750	11,017,000	56,900,750
Depreciation
At 1 July 2020
Disposal
Charge for the year		(493,000)	(7,000)	(500,000)
Written back on revaluation		493,000		493,000
Depreciation at 30June 2021			(7,000)	(7,000)
Net book value
At 30June 2021		45,883,750	11,010,000	56,893,750
At 30June 2020		42,930,250	11,125,000	49,223,800

Restricted	Restricted	funds:	Investment	Investment
Properties					Vestry &
					Dickson	Residential	Queen's Road
					Houses	Propertiesf	Development 8	Total
Valuation		at 1 July	2020		3,235,000	10,050,000	262,822	13,547,822
Planning	and development			costs			21,433	21,433
Additions
Disposals						(690,000)		(690,000)
Revaluation					(455,000)	(835,000)		(1,290,000)
Cost and	valuation		at 30	June 2021	2,780,000	8,525,000	284,255	11,589,255

ovements	in the inve	stments have been	as follows:
		2021	2021	2021	2020	2020	2020
		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
Valuation	brought
forward
Unrealised prior year	appreciation,	1,313,006 (406,783)	37,679,354 (2,694,231)	38,992,360 (3,101,014)	1,278,845 (377,419)	35,903,615 (1,541,272)	37,182,460 (1,918,691)
Cost brought forward		906,223	34,985,123	35,891,346	901,426	34,362,343	35,263,769
Additions	at cost	9,695	3,484,800	3,494,495
Disposals	at cost	(881,115)	(384,769)	(1,265,884)	4,797	622,780	627,577
Cost carried forward		34,803	38,085,154	38,119,957	906,223	34,986,123	35,891,346
Unrealised	appreciation,	9,902	7,309,198	7,319,100	406,783	2,694,231	3,101,014
current year
Valuation	carried	44,706	45,394,352	45,439,058	1,313,006	37,679,354	38,992,360
forward
ments at	the balance	sheet date comprise:
		2021	2021	2021	2020	2020	2020
		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
Listed securities
Other fixed interest
COIF		44,706	202,402	247,108	38,981	176,481	215,462
Equities
		44,706	202,402	247,108	38,981	176,481	215,462
Unit trusts	and funds		45,189,858	45,189,858	1,265,505	37,437,587	38,703,092
Cash held	by		2,092	2,092	8,520	65,286	73,806
investment	managers
Total investments
at market value
		44,706	45,394,352	45,439,058	1,313,006	37,679,354	38,992,360

10	Debtors
			2021	2020
				F
	Amounts	due within one year:
	Unrestricted funds
	Rent and	service charges	62,273	47,768
	Amounts	in hands ofagents	60,687	36,569
	Dividends	and interest receivable	303,931	326,940
	Interfund	debtor	180,925
	Other debtors and prepayments		59,274	69,070
			667,090	480,347
	Restricted funds
	Other debtors and prepayments		19,992
11	Creditors	and accruals
			2021	2020
			6
	Amounts	due within one year:
	Unrestricted Funds
	Trade creditors		33,792	27,869
	Taxation	and social security costs		3,957
	Deferred	income	73,935	78,872
	Sundry creditors and accruals		149,839	147,061
			257,566	257,759
	Restricted Funds
	Interfund	creditor	180,925
	Sundry creditors and accruals			4,010
	Total		180,926	4,010

Unrestricted funds	Unrestricted funds	Brought			Gains/	Transfers	Carried
		Forward	Income	Expenditure	(losses)	in/(out)	Forward
		E	E	E	E	E	E
General funds
General reserves		2,055,378	2,680,697	(2,961,271)			1,774,804
Barnes charities		55,368	8,721	(149,149)	5,725	79,335
		2,110,746	2,689,418	(3,110,420)	5,725	79,335	1,774,804
Total unrestricted
funds		2,110,746	2,689,418	(3,110,420)	5,726	79,335	1,774,804
Endowment funds
Permanent endowment
fund		69,889,159				700,000	70,589,159
Unapplied total return		35,441,788	507,140	(663,909)	8,379,195	(700,000)	42,964,214
Barnes Charities	funds	176,481			25,921	(79,335)	123,067
Other
oneRichmond fund			39,984				39,984
Total restricted	funds	105,507,428	547,124	(663,909)	8,405,116	(79,335)	113,716,424
Totalfunds		107,618,174	3,236,542	(3,774,329)	8,410,841		115,491,228

Unrestricted funds	Unrestricted funds	Brought			Gains/	Transfers	Carried
		Forward	Income	Expenditure	(losses)	in/(out)	forward
		E	E		E	E	E
Generalfunds
General reserves		1,904,361	2,738,054	(2,615,224)	28,187		2,055,378
Barnes charities		63,742	6,597	(16,148)	1,177		55,368
		1,968,103	2,744,651	(2,631,372)	29,364		2,110,746
Total unrestricted
f Vitri s		1,968,103	2,744,661	(2,631,372)	29,364		2,110,746
Endowrnentfunds
Permanent fund		68,856,159				1,033,000	69,889,159
Unapplied total return		28,449,973		(677,114)	8,731,293	(1,033,000)	35,441,788
Barnes Charities		171,151			5,330		176,481
Total endowment	funds	97,477,283		(67?,114)	8,736,623		105,507,428
Total funds		99,445,386	2,?44,651	(3,308,486)	8,736,623		107,618,174

und ba	lances a	t 30June 2021	are represented	by:
		Unrestricted	Endowment	2021	Unrestricted	Endowment	2020
		Fundsf	funds 8	Total E	funds 8	funds 6	Total 8
Tangible	fixed
assets			68,483,005	68,483,005		67,603,072	67,603,072
Investments		44,706	45,394,352	45,439,058	1,313,006	37,679,354	38,992,360
Current	assets	1,987,664	19,992	2,007,656	1,055,499	225,002	1,280,501
Current	liabilities	(257,566)	(180,925)	(438,491)	(257,759)		(257,759)
Total net assets		1,774,804	113,716,424	115,491,228	2,110,746	105,507,428	107,618,174

16	Cash
				Unrestricted	Endowment	2021	2020
				funds	funds	Total	Total
				E	E	E
	Net cash provided	by operating
	activities
	Net income /(expenditure)			(335,942)	8,208,996	7,873,054	8,172,788
	Depreciation				500,000	500,000	520,000
	Property loss (gain)	on disposal			(507,140)	(507,140)	9,642
	Rent from investment	properties		(393,125)		(393,125)	(456,963)
	Dividends receivable			(1,518,003)		(1,518,003)	(1,503,505)
	Interest receivable			(1,281)		(1,281)	(3,604)
	(Gains)/ losses on investments			396,880	(4,614,967)	(4,218,087)	(1,182,323)
	(Gains)/ losses on revaluation		of		(4,103,500)	(4,103,500)	(7,561,450)
	fixed assets
	(Increase)/ decrease	in debtors		(206,735)	(19,992)	(226,727)	63,159
	Increase/ (decrease)	in creditors		19,799	180,925	200,724	39,326
	Net cash provided	by operating
	activities			(2,038,407)	(355,678)	(2,394,085)	(1,902,930)
17	Analysis ofchanges in funds				At start of	Cash-flows	At end of
					year		year
					F
	Cash				800,154	520,420	1,320,574

18 Statement of Financial Activities, Year	18 Statement of Financial Activities, Year	ended 30June	2020
llnoorne and Expenditure	Note	Unrestricted	Endovnnent	Tots'I
		fund s	fund s	2020
		8	6	6
Ilncome and endowments	from:
Charitable property	2	780,579
investment pre perty
Inve»tment mcome	3	1,567,199
Gain on disposal af property
Tofal incan»a		2,744,651		2,744,651
Expenditure on:
Cost of raising funds:
InveDment propedy		21I9,857		2'I9,857
Management fee»			154,622	154,622
Lass on dispasel of property			2,492	2,492
		219,857	157,1"l4
Charihrbte acttvttias			529,()06	2,931,515
Trrtal expenditu, re	4	2,631,372	677,114	3,398,486
Nst income before other
recognised gaiins and losses		113)278	(677,114)	(583,835)
Nlet geinl,'loss) cn inveslmenis		29,364	1.152,959	1.182,323
Unreelised gain(loss) on
revaluation ofgxed assets			7,554,390	7,554,390
Net incarne before transfers		142,643	8,939,145	8,172,788
Transfers bebveen funds
Net movement in funds		142,643	8,639,II45	8,172,788
Total funds carried fonverd	'il July
2919	12	ti,968,193	97,477,283	99,445,386
Total funds carried forward
39June 292ti	12	2,119,746	195,507,428	197,618,174