2021-12-31-accounts

Association information
Report ofthe Trustees
Auditor's report
Income and expenditure		account
Balance sheet
Notes to the financial	statements

CHARITY NUMBER:	205886
HOMES ENGLAND:	A3722
REPRESENTATIVE TRUSTEES:	Mrs 3 Reynolds	(Chairman)
	Mrs D Brickell
	Mrs R Elgar
	Mrs M Greig (resigned		August 2021)
	Mr H Shah (from August 2021)
ASSOCIATE TRUSTEES:	Mr R Banks
	Mrs C Searle
	Mr H Shah (until August 2021)
	Mr TSimmons
	Mrs S l,ee
	Mrs S Fordham
TREASURER:	Mrs V Christie
SECRETARY:	Mr A Riley (from September 2021)
	Ms K Reynolds	(Acting	until September 2021)
REGISTERED OFFICE:	Gladstone House
	77-79 High Street
	Egham
	Surrey
	TW20 9HY
AUDITOR:	fan S Anderson
	Chartered Accountant		Ik
	Stalutoi y Auclltor
	Chartam House
	16College Avenue
	Maidenhead
	Berkshire
	SL6 6AX
BANKERS:	Barclays Bank Pic
	210 High Street
	Hounslgw
	TW3 1DL
SOLICITORS:	Horne Engel Ik Freeman
	47a High Street
	Egham
	TW20 9ES

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rental is strictly due on a do so on that basis.	monthly basis in advance.	Tenants, who pay all	or part of the
		2021	2020
Operating costs:
Maintenance and running	costs of Almshouses	36,568	27,435
Support costs Governance		1,140 6,000	1,104 5,034
		43,708	33,573

~	INTEREST RECEIVABLE AND SIMILAR INCOME	INTEREST RECEIVABLE AND SIMILAR INCOME	INTEREST RECEIVABLE AND SIMILAR INCOME	INTEREST RECEIVABLE AND SIMILAR INCOME
					2021	2020
					I
	Investment income				38,792	36,175
	Bank and building	society interest			142	838
					38,934	37,013
~.	INTEREST PAYABLE AND SIMILAR			CHARGES
					2021	2020
	Interest payable
	The Association has no		bank overdraRs	or loans
	SURPLUS
					2021	2020
					I
	Surplus on ordinary	activities before
	taxation is stated after charging:
	Auditor's remuneration		(incf.VAT f560;	2020 f500)
	in their capacity as Other governance	auditors costs			3360 2 640	3,p00 2+34
	Depreciation - buildings				'1986	5.%86

TANGIBLE FIXEDASSE	TS
		Freehold	Freehold
		Properties	Properties
		2021 I	2020
COST OR VALUATION:
Valuation as at 1Ianuary	2021	750,984	750,984
Addition in year
As at 31 December 2021		750,984	750,984
DEPRECIATION:
As at 1Ianuary 2021		29,931	23,945
Charge for year		5,986	5,986
Release on revaluation
As at 31 December 2021		35,917	29,931
NET BOOK VALUE;
At 13anuary 2021		721,053	727,039
At 31 December 2021		715,067	721,053

internal funding accou	nt	were:
				2021	2020
				I	if
Cost of properties				637,512	637,512
Registered Social Landlord		grants
from (now) Homes England				(226,258)	(226,258)
Internal funding account				(3,497)	(3,497)
				407,757	407,757
DEBTORS
				2021	2020
				I	i
Other debtors				1,017	549
Prepayments and accrued		income		1,669	1,590
				2,686	2,139
All debtors are due within		one year.
INVESTMENTS
				2021	2020
CHARITY:
Quoted investments
Market value brought	forward			759,033	900,399
Accumulated income				3,341	4,077
Additions/Disposals at	cost
Realised (gains)/losses
Unrealised gains/ (losses)				98,000	(145,443)
Aggregate market value of
listed investments				860,374	759,033
Breakdown of investment		returns:
Charity Multi Asset Fund -		Accumulation	shares
Cost				27,961	27,961
Accumulated income				40,906	37,565
Unrealised gains				45,973	35,946
Market value				114,840	101,472

11.	INVESTMENTS	(continued)	(continued)	(continued)	(continued)
						2021	2020
	Charifund —income		Units
	Cost					468,599	468,599
	Additions at Cost
	Unrealised gain					276,935	188,962
	Market value					745,534	657,561
	Total cost					496,560	496,560
	Additions/Disposals		at	cost
	Accumulated income					40,906	37,565
	Unrealised gains					322,908	224,908
	Total market value					860,374	759,033
I2.	CASH AT BANK
						2021	2020
						I
	Virgin Saver account					80,000	80,000
	Business saver account					375,641	342,927
	Community current		account			2,000	2,000
						457,641	424,927
XS	CREDITORS: AMOUNTS				FALLING DUE WITHIN ONE YEAR
						2021	2020
						I	I
	Accruals and deferred			income		I,722	~,4aI
						T TP	%44)

PROVISION	S FOR LIA	B	ILITIES AND CHARGE	S
				Extraordinary
				repair
				fund	Total
				2021	2020
					I
As at 1)anuary 2021				8,114	8,114
Transferred	from operating		costs:
Income and	expenditure	account		(4.428)
As at 31 December 2021				3,686	8,114
RESERVES
				Income and
				Expenditure	Revaluation
				account	Reserve
As at 1)anuary 2021				1,472,206	420,371
Surplus/ (deficit) for the		year		31,355
Transfer to	Extraordinary		repair fund	4,428
Increase/ (decrease) in		value of investments		98,000
Revaluation	of freehold	property
Surplus carried forward				1,605,989	420,371

	2021		2020
Operating Expenditure	iE	L'
Routine maintenance	10,709		),419
Cyclical maintenance	925		950
Extraordinary repair fund	4,428
Cleaning and garden	5 511		5,483
Community alarm	3,183		3,183
Insurance	1,140		1,104
Audit ik Accountancy	5,460		4,500
Light lk heat	1,284		451
Rates, water charges etc.	3,785		2,587
Sundry	757		760
Secretary's honorarium	540		1,137
Bank charges			13
Depreciation
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