##
||||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|