| Page | ||||
|---|---|---|---|---|
| Report ofthe Trustees | 1 | to | 4 | |
| Report ofthe Independent Auditors |
5 | to | ||
| Statement ofFinancial | Activities | |||
| Balance Sheet | ||||
| Notes to the Financial | Statements | 9 | to | 14 |
| Detailed Statement of | Financial Activities | 15 | to | 16 |
| F | ORTHE | YEAR ENDED 31DECE | MBER 2021 | |||
|---|---|---|---|---|---|---|
| 31/12/21 | 3I/12/20 | |||||
| Unrestricted | Total | |||||
| funds | funds | |||||
| Notes | ||||||
| INCOME AND ENDOWMENTS | FROM | |||||
| Donations and legacies |
6,820 | |||||
| Cha ritable activities | ||||||
| Manageinent ofalmshouses |
197,793 | 205,366 | ||||
| Investment income |
121,232 | 134,923 | ||||
| Total | 319,025 | 347,109 | ||||
| EXPENDITURE ON | ||||||
| Raising funds | 5,362 | 8,107 | ||||
| Charitable activities |
||||||
| Management ofalmshouses |
165,184 | 116,260 | ||||
| Provision ofgrants and | pensions | 134,991 | 103,756 | |||
| Total | 305,537 | 228,123 | ||||
| Net gains/(losses) on investments |
82&187 | (18,420) | ||||
| NET INCOME | 95,675 | 100,566 | ||||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought | forward | 6,749&843 | 6,649,277 | |||
| TOTAL FUNDS CARRIED FORWARD | 6,845&518 | 6,749,843 |
| BALANCESHEET 31DECEMBER 2021 |
|||
|---|---|---|---|
| 31/12/21 | 31/12/20 | ||
| Unrestricted | Total | ||
| funds | funds | ||
| Notes | 8 | ||
| FIXEDASSETS | |||
| Tangible assets |
1,497,252 | 1,496,306 | |
| Investments | |||
| Investments | 611,808 | 597,945 | |
| Investment property |
4,290,000 | 4,290,000 | |
| 6,399,060 | 6,384,251 | ||
| CURRENT ASSETS | |||
| Debtors | 10 | 14,475 | 9,236 |
| Cash at bank | 453862 | 374,134 | |
| 467,837 | 383,370 | ||
| CREDITORS | |||
| Amounts falling due within one year |
(21,379) | (17,778) | |
| NET CURRENT ASSETS | 446,458 | 365,592 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 6,845,518 | 6,749,843 | |
| NET ASSETS | 6,845,518 | 6,749,843 | |
| FUNDS | 12 | ||
| Unrestricted funds |
6,845,518 | 6,749,843 | |
| TOTAL FUNDS | 6,845,518 | 6,749,843 |
| INVESTMENT INCOM | E | ||
|---|---|---|---|
| 31/12/21 | 31/12/20 | ||
| Rents received | 103,990 | 115,766 | |
| Dividend income |
17,242 | 19,157 | |
| 121,232 | 134,923 | ||
| RAISING FUNDS | |||
| Investment management |
costs | ||
| 31/I2/21 | 31/12/20 | ||
| Support costs | 5,362 | 8,107 |
| Trustees' expenses |
Trustees' expenses |
Trustees' expenses |
|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| There were no trustees' |
expenses | paid | for the | year | ended | 31 December | 2021 nor for the | year ended |
|||
| 31 December 2020. | |||||||||||
| 5. | STAFF COSTS | ||||||||||
| 31/12/21 | 31/12/20 | ||||||||||
| Wages and salaries | 41,599 | 40,816 | |||||||||
| Social security costs | 655 | ||||||||||
| Other pension costs | 4,160 | 4,019 | |||||||||
| 45,759 | 45,490 | ||||||||||
| The average monthly | number ofemployees | during | the year | was | as follows: | ||||||
| 31/12/21 | 31/12/20 | ||||||||||
| Average number of | employees | 2 | 2 | ||||||||
| No employees received |
emoluments | in excess off60,000. |
| NOTES TOTHE FINANCIAL STATEMENTS - continued FORTHE YEAR ENDED 31DECEMBER 2021 |
NOTES TOTHE FINANCIAL STATEMENTS - continued FORTHE YEAR ENDED 31DECEMBER 2021 |
NOTES TOTHE FINANCIAL STATEMENTS - continued FORTHE YEAR ENDED 31DECEMBER 2021 |
NOTES TOTHE FINANCIAL STATEMENTS - continued FORTHE YEAR ENDED 31DECEMBER 2021 |
|||
|---|---|---|---|---|---|---|
| 6. | COMPARATIVKS FOR THK STATEMENT OF FINANCIAL ACTIVITIES | |||||
| Unrestricted | ||||||
| funds | ||||||
| INCOME AND ENDOWMENTS | FROM | |||||
| Donations and legacies |
6,820 | |||||
| Charitable activities |
||||||
| Management ofalmshouses |
205,366 | |||||
| Investment income |
134,923 | |||||
| Total | 347,109 | |||||
| EXPENDITURE ON | ||||||
| Raising funds | 8,107 | |||||
| Charitable activities |
||||||
| Management ofalmshouses |
I 16,260 | |||||
| Provision ofgrants and | pensions | 103,756 | ||||
| Total | 228,123 | |||||
| Net gains/(losses) on investments |
(18,420) | |||||
| NET INCOME | 100,566 | |||||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought | forward | 6,649,277 | ||||
| TOTAL FUNDS CARRIED FORWARD | 6,749,843 | |||||
| 7. | TANGIBLE FIXED | ASSETS | ||||
| Fixtures | ||||||
| Freehold | and | |||||
| properly | fittings | Totals | ||||
| COST | ||||||
| At I January 2021 | 19495,635 | 66,822 | 1,562,457 | |||
| Additions | 946 | 946 | ||||
| At 31 December 2021 | 1,495,635 | 67,768 | 1,563,403 | |||
| DEPRECIATION | ||||||
| At 1 January 2021 and | 31 December | 2021 | 66,151 | 66,151 | ||
| NKT BOOK VALUE | ||||||
| At 31December 2021 | 1,495,635 | 1,617 | 1,497,252 | |||
| At 31 December 2020 | 1,495,635 | 671 | 1,496,306 |
| 8. | FIXEDASSET INVESTMENTS | |||||
|---|---|---|---|---|---|---|
| Listed | ||||||
| investments | ||||||
| MARKET VALUE | ||||||
| At 1 January 2021 |
597,945 | |||||
| Disposals | (59,029) | |||||
| Revaluations | 72,892 | |||||
| At 31December 2021 | 611,808 | |||||
| NET BOOK VALUE | ||||||
| At 31 December 2021 | 611,808 | |||||
| At 31 December 2020 | 597,945 | |||||
| The market value offixed asset investments | in overseas companies | is 582,119. | ||||
| Cost or valuation at 31December 2021 is represented |
by: | |||||
| Listed | ||||||
| investments | ||||||
| 8 | ||||||
| Valuation in 2021 |
611)808 | |||||
| INVESTMENT PROPERTY | ||||||
| FAIR VALUE | ||||||
| At 1 January 2021 |
||||||
| and 31 December 2021 | 4,290,000 | |||||
| NKT BOOK VALUE | ||||||
| At 31 December 2021 | 4,290,000 | |||||
| At 31December 2020 | 4,290,000 | |||||
| 10. | DEBTORS:AMOUNTS FALLING DUE WITHIN | ONK YEAR | ||||
| 31/12/21 | 31/12/20 | |||||
| 8 | ||||||
| Other debtors | 10,589 | 5,350 | ||||
| Prepayments | 3)886 | 3,886 | ||||
| 14,475 | 9,236 |
| 11. | CREDI | TORS | : AMOUNTS | FA | LLING DUE WITHIN ONE | YEAR | |||
|---|---|---|---|---|---|---|---|---|---|
| 31/12/21 | 31/12/20 | ||||||||
| Trade creditors | 4,982 | 9,752 | |||||||
| Taxation | and social security | 3,832 | |||||||
| Other creditors | 12,565 | 8,026 | |||||||
| 21,379 | 17,778 | ||||||||
| 12. | MOVEMENT | IN FUNDS | |||||||
| Net | |||||||||
| movement | At | ||||||||
| At 1.1.21 | in funds | 31.12.21 | |||||||
| Unrestricted | funds | ||||||||
| General | fund | 6,749,843 | 95,675 | 6,845,518 | |||||
| TOTAL | FUNDS | 6,749,843 | 95,675 | 6,845,518 | |||||
| Net movement | in funds, included | in the above are as follows: | |||||||
| Incoming | Resources | Gains and | Movement | ||||||
| resources | expended | losses | in funds | ||||||
| Unrestricted | funds | ||||||||
| General | fund | 319,025 | (305,537) | 82,187 | 95,675 | ||||
| TOTAL | FUNDS | 319,025 | (305,537) | 82,187 | 95,675 | ||||
| Comparatives | for movement | in | funds | ||||||
| Net | |||||||||
| movement | At | ||||||||
| At 1.1.20 | in funds | 31.12.20 | |||||||
| Unrestricted | funds | ||||||||
| General | fund | 6,649,277 | 100,566 | 6,749,843 | |||||
| TOTAL | FUNDS | 6,649,277 | 100,566 | 6,749,843 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| Unrestricted | funds | |||||
| General | fund | 347,109 | (228,123) | (18,420) | 100,566 | |
| TOTAL | FUNDS | 347,109 | (228,123) | (18,420) | 100,566 |
| Net | |||||
|---|---|---|---|---|---|
| movement | At | ||||
| At 1.1.20 | in funds | 31.12.21 | |||
| Unrestricted | funds | ||||
| General | fund | 6,649,277 | 196,241 | 6,845,518 | |
| TOTAL | FUNDS | 6,649,277 | 196,241 | 6,845,518 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| Unrestricted | funds | |||||
| General | fund | 666,134 | (533,660) | 63,767 | 196,241 | |
| TOTAL | FUNDS | 666,134 | (533,660) | 63,767 | 196,241 |
| FOR THK YEAR ENDED 31D | ECEMBER 2021 | ||
|---|---|---|---|
| 31/12/21 | 31/12/20 | ||
| 5 | |||
| INCOME AND ENDOWMENTS | |||
| Donations and legacies |
|||
| Donations | 6,820 | ||
| Investment income |
|||
| Rents received | 103,990 | 115,766 | |
| Dividend income |
17,242 | 19,157 | |
| 121,232 | 134,923 | ||
| Charitable activities |
|||
| Maintenance contributions |
197,793 | 205,366 | |
| Total incoming resources |
319,025 | 347,109 | |
| EXPEND ITURK | |||
| Charitable activities |
|||
| Wages | 41,599 | 40,816 | |
| Social security | 655 | ||
| Employee Pensions | 4,160 | 4,019 | |
| Individual Pensions |
39,933 | 40,629 | |
| Surbiton property expenses |
47,044 | 14,279 | |
| Almshouse maintenance |
134,058 | 87,095 | |
| 49 Church Street | 9,477 | 9,664 | |
| Grants to individuals | 4&238 | 4,528 | |
| 280,509 | 201,685 | ||
| Support costs | |||
| Management | |||
| Telephone | 1,517 | 2,459 | |
| Office costs | 602 | 119 | |
| Sundries | 2,700 | 2,760 | |
| IT support costs | 3,778 | 3,802 | |
| Staff and trustee training | 75 | ||
| Bank charges | 84 | 92 | |
| 8&756 | 9,232 | ||
| Finance | |||
| Investment management |
fee | 5,362 | 8,107 |
| Governance costs |
|||
| Auditors' remuneration |
2,160 | 1,920 | |
| Auditors' remuneration |
for non audit work | 1,350 | 1,200 |
| Accountancy and bookkeeping |
7,400 | 5,979 | |
| 10,910 | 9,099 |
| FOR THE YEAR ENDED 31DE | CEMBER 2021 | ||
|---|---|---|---|
| 31/12/21 | 31/12/20 | ||
| 8 | |||
| Total resources expended | 305,537 | 228,123 | |
| Net income before gains and losses | 13,488 | 118,986 | |
| Realised recognised | gains and losses | ||
| Realised gains/(losses) | on fixed asset investments | 82,187 | (18,420) |
| Net income | 95,675 | 100,566 |