2021-12-31-accounts

				Page
Reference	and Administrative		Details ofthe Charity, its Trustees and Advisers	1 -2
Trustees'	Report			3-12
Statement	ofTrustees'	Responsibilities		13
Independent Auditor's		Report	on the Financial Statements	14-17
Statement	of Financial	Activities		18
Balance Sheet				19
Statement	ofCash Flows			20
Notes to the Financial		Statements		21 -45

Trustees		Mr PW C Marr,	Chairmant	Chairmant
		DrA J MHall4
		Mrs E Halfordz, 4
		Mr SJ Kinghaas
		Mr AS Louriehz
		Mrs M Marshallz
		Mrs K Maxwellz
		Mrs K O'Brien4
		Cllr R Pyne
		Revd W Roest4
		Mr M Townsin4
		Mr J Williamsz, s,s
		MrJ Blythe (appointed		26 January 2022)
		' Finance Committee ' Property Committee '
		Risk Management		Committee
		4 Welfare Committee ' Safeguarding Group
Charity registered
number		200431
Principal office		95Sheen Road
		Richmond
		TW9 1YJ
Chief Executive		Ms JAmes-Lewis
Independent	auditor	MHA Maclntyre	Hudson
		Statutory Auditors
		6th Floor
		2 London Wall Place
		London, United	Kingdom
		EC2Y 5AU
Bankers		Barclays Bank pic
		8George Street
		Richmond
		Surrey
		TW9 1JY
		HSBC
		67George Street
		Richmond
		TW9 1HG

The Richmond Charities	The Richmond Charities	The Richmond Charities
Michel's Almshouse		Charity
Richmond	Charities'	Almshouses
Richmond	Charities'	Almshouses
Richmond	Charities'	Almshouses
Richmond	Charities'	Almshouses
Richmond	Charities'	Almshouses
Richmond	Charities'	Almshouses
Mortlake	Almshouse	Charities

			Unrestricted	Restricted	Endowment	Total	Total
			funds	funds	funds	funds	funds
		Nots	2021 6	2021 6	2021 f	2021 F	2020 f
Income from:
Donations and
legacies		4	47,482	25,200		72,682	4, 625
Charitable activities		5	1,350,727			1,360,727	1,222,328
Investments		6	2,860,523			2,850,523	3,227, 883
Total Income			4,248,732	25,200		4,273,932	4,454,836
Expenditure on:
Raising funds:
Property management			965,085			965,085	1,492 458
Fund management			65,481			66,481	70,708
Charitable activities		8	2,784,991	25,200		2,810,191	2236,679
Total expenditure			3,816,657	25,200		3,840,757	3,799,845
Revaluation of
investments		11	957,031		6,414,050	7,371,081	5,354,022
Nst income			1,390,206		6,414,060	7,804,256	6,009,013
Transfers between
funds		20	(3,670,964)		3,670,964
Net movemsnt	In
funds			(2,280,758)		10,085,014	7,804,256	6,009,013
Reconciliation	of
funds:
Total funds brought forward			10,658,236		130,662,226	141,220,461	135,211,448
Net movement	in
funds			(2,280,768)		10,085,014	7,804,256	6,009,013
Total funds carried
forward			8,277,477		140,747,240	149,024,717	141,220,461

			Note	2021 6	2021f	2020 f	2020 8
Fixed assets
Tangible assets			14		10,282,931		10,430,377
Investments			16		18,360,711		15,014,811
Investment property			15		113,430,300		112,259,000
					142,073,942		137,704,188
Current assets
Debtors			17	833,411		151,497
Investments			18	5,960,793		3,171,680
Cash at bank and in	hand		23	402,433		391,353
				7,196,637		3,714,530
Creditors: Amounts	falling due within one
year			19	(244,862)		(195,257)
Net current assets					6,951,776		3,519,273
Total assets less current liabilities					149,026,717		141,223,461
Defined benefit pension scheme		liability	26		(1,000)		(3,000)
Total net assets					149,024,717		141,220,461
Charity funds
Endowment funds			20		140,747,240		130,662,226
Restricted funds			20
Unrestricted funds			20		8,277,477		10,558,235
Total funds					149,024,717		141,220,461

			Note	2021 F	2020f
Cash flows from operating activities
Net cash used in operating activities			22	(2,749,973)	(2, 155,192)
Cash flows from investing activities
Investment income			6	2,860,523	3,227, 883
Purchase oftangible fixed assets			14	(68,300)	(5,450,000)
Proceeds from sale of investments			16		7,009,380
Purchase of investments			16,18	(3,744,658)	(5,006,237)
Proceeds from the sale of investment	properties		15	3,723,488	3,830,000
Purchase of investment properties			15		(1,375,000)
Net cash provided by investing activities				2,761,053	2,236,026
Change in cash and cash equivalents In		the year		11,080	80,834
Cash and cash equivalents at the beginning		ofthe year		391,353	310,519
Cash and cash equivalents at the end of		the year	23	402,433	391,353
The notes on pages 21 to 45 form part ofthese financial statements.

	Unrestricted	Restricted	Total
	funds	funds	funds
	2021	2021	2021
	F	6	6
Donations	47,482	20,800	68,282
The Charity of Henry Smith		4,400	4,400
Total2021	47,482	25,200	72,682

	Restricted	Total
	funds	funds
	2020f	2020 5
Donations	225	225
The Charity of Henry Smith	4,400	4,400
Total 2020	4,625	4,625

			Unrestricted	Total
			funds	funds
			2021	2021
			F	6
Almshouses	-Residents'	contributions	1,350,727	1,360,727
			Unrestricted	Total
			funds	funds
			2020f	2020
Almshouses	-Residents'	contributions	1,222, 328	1,222,328

	Unrestricted	Total
	funds	funds
	2021	2021
	F	6
Rents receivable	2,403,123	2,403,123
Dividend income receivable	447,324	447,324
Bank interest receivable	76	76
Total 2021	2,850,523	2,850,523
	Unrestricted	Total
	funds	funds
	2020	2020f
Rents receivable	2,531,675	2,531,675
Dividend income receivable	696,050	696,050
Bank interest receivable	158	158
Tl2020	3,227, 883	3,227,883

Expenditure on raising f	unds
		2021	2020
		6
Fund management
Investment management	costs	65,481	70,708
		65,481	70,708
Property management
Direct costs - Property		873,576	1,392815
Support costs - Insurance		16,888	30,884
Support costs - Repairs and maintenance		20,632	22 4f2
Support costs - Legal and	professional	6,649	6,579
Support costs - Office expenses		16,966	19,206
Support costs - Miscellaneous		33,476	20,562
		966,085	1,492,458
Total		1,030,666	1,563,166

	Unrestricted	Restricted	Total
	funds	funds	funds
	2021 5	2021 E	2021f
Almshouses	2,784,991	25,200	2,810,191
	Unrestricted	Restricted	Total
	funds	funds	funds
	2020f	2020 f	2020
Almshouses	2,232,054	4,625	2,236,679

Activities
undertaken	Support	Total
directly	costs	funds
2021	2021	2021
6	5	6
2,357,662	452,529	2,810,191

	Activities	Grant
	undertaken	funding of	Support	Total
	direclly	activities	costs	funds
	2020 6	2020f	2020f	2020f
Almshouses	1,925, 740		306,539	2,236,679

			Total	Total
			funds	funds
			2021f	2020 6
Staff costs			518,179	493,042
Telephone			16,880	10,478
Rates and water			37,151	58,902
Electricity and	gas		33,605	33,479
Cleaning			10,840	7,645
LBRUT Careline			38,363	34,988
Garden and tree maintenance			81,659	95,307
Repairs and maintenance			181,988	82,266
Legal and professional		fees	60,801	182,026
Miscellaneous				1,441
Major property	repairs		1,378,196	926,166
Total			2,357,662	1,925,740

					Total	Total
					funds	funds
					2021	2020
					6	5
	Governance	staff costs			60,267	57,343
	Depreciation				216,746	132,630
	Insurance				14,300	27,796
	Electricity and gas				1,072	265
	Cleaning				6,571	3,316
	Repairs and	maintenance			11,996	16,854
	Legal and professional			fees	4,994	5,921
	Office expenses				13,296	17,019
	Miscellaneous				29,399	18,505
	Governance	costs			51,374	26,890
	Loss on disposal offixed asset investments				43,612
	Total				452,529	306,539
10.	Governance	costs
					2021	2020
					6	6
	Auditor's remuneration			-Audit and accountancy	16,200	15,800
	Auditor's remuneration			- Other services		1,126
	Governance	staff	costs		60,267	57,343
	Other governance		costs		35,174	9,964
					111,641	84,233

Revaluation	of In	ves	tments
						2021	2020
Revaluation	gains	on	investment	property	15	4,938,300	4,389,250
Revaluation	gains	on	fixed asset	investments	16	1,629,844	783,671
Revaluation	gains	on	current asset investments		18	802,937	181,101
						7,371,081	5,354,022

Staff costs
	2021	2020
Wages and salaries	474,809	462,644
Social security costs	46,282	45,352
Pension costs	68,691	44,688
	678,682	552,684

	2021	2020
	No.	No.
Staff	14	12

					2021	2020
					No.	No.
In	the	band	680,001	- F90,000	1	1

	Almshouses
	8
Cost
At 1 January 2021	10,718981
Additions	68,300
At 31 December 2021	10,787,281
Depreciation
At 1 January 2021	288,604
Charge for the year	215,746
At 31 December 2021	604,350
Net book value
At 31 December 2021	10,282,931
At 31December 2020	10,430,377

			Investment
			property 6	Mitre Pub F	Total 6
Valuation
At 1 January 2021			111,524,000	735,000	112,269,000
Disposals at carrying		value	(3,767,000)		(3,767,000)
Surplus/(deficit)	on revaluation		4,948,300	(10,000)	4,938,300
At 31 December	2021		112,705,300	725,000	113,430,300

	Capital
	endowment	Development
	funds	fund	Total
	F		F
Cost or valuation
At 1 January 2021	14,782,637	232,174	15,014,811
Additions at cost	25,111	1,733,371	1,758,482
Revaluations	1,433,324	154,094	1,687,418
At 31 December 2021	16,241,072	2,119,639	18,360,711
Net book value
At 31 December 2021	16,241,072	2,119,639	18,360,711
At 31December 2020	14,782,537	232,174	15,014,811

Debtors
		2021	2020
		6
Due within	one year
Rent receivable		102,107	115,417
Prepayments	and accrued income	731,304	36,080
		833,411	151,497

2021f		2020f
6,960,793	3,	171,680

Creditors	: Amount	s	falling due	within one year
					2021f	2020 5
Trade creditors					31,001	32,455
Other taxation and		social security			12,365	12,988
Other creditors					5,362	5,362
Accruals	and deferred		income		196,144	144,452
					244,862	f95,257
					2021 6	2020f
Deferred	Income
Deferred	income at 1		January		73,985	78,935
Resources deferred		during the year			71,693	73,985
Amounts	released	from previous		periods	(73,985)	(78,935)
Deferred	income at		31 December		71,693	73,985

Statement offu	nds - current ye	ar
						Balance at
	Balance at 1					31
	January 2021	Income 6	Expenditure 5	Transfers in/out 5	Gains/ (Losses) E	December 2021 F
Unrestricted
funds
Designated
funds
Almshouse
property fund	4,184,587			(4,184,587)
Extraordinary repair fund	1,193,867			(1,193,867)
Development reserve	696,742			(696,742)
Major repairs reserve	1,100,000			(1,100,000)
	7,175,196			(7,175,196)
General funds
Almshouse fund	3,386,039	4,248,732	(3,817,557)	3,604,232	957,031	8,278,477
Pension
reserve	(3,000)		2,000			(1,000)
	3,383,039	4,248,732	(3,815,557)	3,604,232	957,031	8,277,477
Total
Unrestricted funds	10,658,235	4,248,732	(3,816,557)	(3,670,964)	957,031	8,277,477
Endowment
funds
Almshouse fund - General	130,662,226			3,670,964	6,414,050	140,747,240
Restricted
funds

Statement	offunds	- prior y	ear
								Balance at
			Balance at					31
			1January 2020f	Income f	Expenditure	f	Gainer (Losses)	December 2020f
Unrestricted	funds
Designated	funds
Almshouse	property	fund	4,184,587					4,184,587
Extraordinary	repair	fund	1,012,766				181,101	1,193,867
Development	reserve		696,742					696,742
Major repairs reserve			1,100,000					1,100,000
			6,994,095				181,101	7,175,196
General funds
Almshouse	fund		2,690, 146	4,450,211	(3,797,220)		42902	3,386,039
Pension reserve			(5,000)		2,000			(3,000)
			2,685, 146	4,450,211	(3,795,220)		42,902	3,383,039
Total Unrestricted		funds	9,679,241	4,450,211	(3,795,220)		224,003	10,558,235
Endowment	funds
Almshouse	fund - General		125,532207				5,130,019	130,662,226
Restricted	funds
Welfare charities				4,625	(4,625)
Total offunds			135,211,448	4,454, 836	(3,799,845)		5,354,022	141,220,461

Analysis of net assets between	funds - current year
		Unrestricted	Endowment	Total
		funds	funds	funds
		2021 E	2021 f	2021 6
Tangible fixed assets		10,282,931		10,282,931
Fixed asset investments			18,360,711	18,360,711
Investment property		725,000	112,705,300	113,430,300
Current assets		(2,494,592)	9,691,229	7,196,637
Creditors due within one year		(244,862)		(244,862)
Defined benefit pension scheme	liability	(1,000)		(1,000)
Difference		10,000	(10,000)
Total		8,277,477	140,747,240	149,024,717
Analysis of net assets between	funds - prior year
		Unrestricted	Endowment	Tote/
		funds	funds	funds
		2020f	2020	2020f
Tangible fixed assets		6,076,931	4,353,446	10,430,377
Fixed asset investments		230,031	14,784,780	15,014,811
Investment property		735,000	111,524,000	112,259,000
Current assets		3,714,530		3,714,530
Creditors due within one year		(195,257)		(195,257)
Defined benefit pension scheme	liability	(3,000)		(3,000)
Total		10,558,235	130,662,226	141,220,461

22.	Reconciliation of net	movem	en	t in fund	s to net cash flow from	operating	activities
							2021 6	2020f
	Net income for the year (as per			Statement	of Financial Activities)		7,804,266	6,009,013
	Adjustments for:
	Depreciation charges					14	215,746	132,630
	Revaluation of investments					11	(7,328,655)	(5,354,022)
	Investment income					6	(2,850,623)	(3,227,883)
	Loss on disposal of investment			property		15	43,512
	(Increase)/decrease in	debtors				17	(675,344)	296,407
	Increase/(decrease) in	creditors				19	43,035	(9,337)
	(Decrease) in defined	benefit	pension scheme			26	(2,000)	(2,000)
	Net cash used in operating		activities				(2,749,973)	(2, 155,192)
23.	Analysis ofcash and	cash equivalents
							2021	2020
								5
	Cash in hand						402,433	391,353
	Total cash and cash	equivalents					402,433	391,353
24.	Analysis ofchanges	in net	debt

	At 1		Changes In	At 31
	January		market	December
	2021	Cash flows	value	2021
		F		8
Cash at bank and in hand	391,363	11,080		402,433
Current asset investments	3,171,680	1,986,176	802,937	5,960,793
	3,563,033	1,997,256	802,937	6,363,226

Movement in defined benefit pension scheme liabili	ty
	2021 6	2020 f
Balance at 1 January	3,000	5,000
Deficit contribution paid	(2,000)	(2,000)
Balance at 31 December	1,000	3,000

Sensitivity analysis (per an	num)
		2021	2020
		0/	9o
Discount rate		0.0	0.2
Price inflation		NIA	3.1
Increase to total pensionable	payroll	(1.6)	1.6

			2021	2020
			6
Other:
Not later than		1 year	1,646	1,588
Later than	1 year and not later than 5years		649	1,985
			2,196	3,573

2021 6	2020f
1,646	30,588