2021-03-31-accounts

REGISTERED CHARITY NUMBER: 206827

REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2021

FOR

CHARITY OF ROGER REEDE

Clemence Hoar Cummings
Chartered Accountants
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN

CHARITY OF ROGER REEDE

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021

	Page	Page	Page
Report of the Trustees	1	to	9
Independent Examiner's Report		10
Statement of Financial Activities		11
Balance Sheet		12
Notes to the Financial Statements	13	to	19
Detailed Statement of Financial Activities		20

CHARITY OF ROGER REEDE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2021

This Report contains ten Sections i.e.

1. The Aims and Objects of this Charity

2. Its Activities during the past year

3. Public Benefit

4. Discrimination

5. Its Financial Position

6. Investment Policy

7. Reserves Policy

8. Its Plans for the Future

9. Its Structure

10. Management of Risks

The details reported are as at 31st March 2021 unless otherwise stated.

Page 1

CHARITY OF ROGER REEDE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2021

OBJECTIVES AND ACTIVITIES

1. The Aims and Objects of the Charity

ThefoundationoftheCharityderivesfromtheWillofRogerReedeaRomfordmerchantand landowner
whodiedin1482.ItscurrentgoverningdocumentisaregulatingSchemeoftheCharity Commissioners
sealedonthe16thAugust1976,withsubsequentamendmentsdated28thNovember1985,19th August
1997, 31st January 2000, and 5th October 2001.  The Charity Registration Number is 206827.

TheCharity'sobjectistheprovisionofAlmshousesforthebenefitofPoorMenofGoodCharacter unable
tomaintainthemselvesbytheirownexertionsthroughage,ill-healthorinfirmity.Overthepast few
yearswehavefounditdifficulttoattractsinglegentlemen.TheCharityCommissionerstherefore agreed
anamendmenttothescheme(byafurtherschemedated5thOctober2001)whichstates the
Almspeople shall be poor men, or failing that, poor women who are unable to maintain themselves.

The wife of an Almsman may be accommodated, and likewise the widow of an Almsman.

Thereare49bungalowsandflatsontheCharity'sEstate,plusahouse,whichhaspreviously been
occupiedbytheWardens.TheEstateislocatedinChurchLane,Romford,nearthetowncentre,in the
London Borough of Havering.

OneAlmshouse(separatelyfundedbytheCharityknownastheWilliamHunnableAlmshouse)has slightly
differentqualificationsforoccupancy.Thesearethatthoseconcernedshallbepersonsofgood character
who(exceptinspecialcasestobeapprovedbytheCharityCommissioners)areresidentinthearea of
the Parish of Romford as constituted on 23rd July 1928.

It should furthermore be noted: -

(a)TherearealtogetherthreeAlmshouses(includingtheWilliamHunnableAlmshouse)onthe Charity's
EstatewhichwerefundedwithmoneyderivedfromothersourcesandtowhichtheTrusteeswere always
permitted to appoint single ladies.

(b)AseparateCharityknownas"theReliefinNeedFund"isconstitutedbytheCharity Commissioners'
Schemedated16thAugust1976withanamendmentdated5thOctober2001.Atotalof£500has been
transferredintothisfundthisyear.TheTrusteesapplytheincomeinrelievingeithergenerally or
individuallypersonsresidentintheareaoftheancientParishesofRomford,Hornchurchand Dagenham
whoareinconditionsofneed,hardshipordistressbymakinggrantsofmoneyorprovidingorpaying for
items, services or facilities calculated to reduce the need, hardship or distress of such persons.

Page 2

CHARITY OF ROGER REEDE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2021

OBJECTIVES AND ACTIVITIES

2. Activities for the past year.

DISABILITY DISCRIMINATION ACT

TheBuildingSubCommitteecontinuestotakeactiontoensurethattherequirementsofthisAct are
wheneverpracticable,adheredto.Withthesafetyandaccessforthedisabledinmindafullreviewof the
estateisundertakenonaregularbasisbyallmembersoftheBuildingSubCommitteeandthe work
required to be dealt with, noted and undertaken on a planned programme.

Apart from the normal maintenance and repairs the following works were carried out:-

a)      Full refurbishment and internal re-decoration No 11.15.

b)Considerableworkcarriedouttothelargepond,clearingvegetationandbulrushes,and generally
tidying the whole area.

c)   Continuing the programme of laying patios to rear gardens.

d)    Replacing various Georgian window units due to seals being broken.

e)Generalpruningoftrees,cuttingbackbushes,clearingovergrownareasandtidyinguparound the
estate.

f)    Repairs to Street lighting as and when necessary.

g)Arollingprogrammeofupgradingconsumerunitsinallalmshousescontinues.Atthesametime as
replacingtheconsumerunitswithtripswitchstyleunits,theelectricalinstallationintheentireproperty is
checked.Allpropertieshaveanelectricaltestingevery5years,thishasbeenonholdduring the
pandemic but will recommence as restrictions allow.

h)FiveadditionalCCTVcamerashavebeeninstalledwhichnowcoverthemainroadway,also the
entrance to the Laundry room and Clubroom.

Furtherworkplannedtocommencewithinthenexttwelvemonths(dependingon the
availability of units) includes:

(a)Wearecarryingouttheprojectofreplacingbathswithwalkinshowersasandwhen properties
become vacant or if a resident is unable to continue to use the bath.
There remain 1 property to be upgraded in due course.

(b)AprojectofpartialrefurbishmentofAlmshouses30to39astheybecomevacant.Estimated annual
expense £100,000.

(c)Upgradingofelectricalinstallationtopropertiesrefurbishedmanyyearsagotomeetpresent day
requirements. Total estimated cost £50,000.

(d)  General maintenance in accordance with the planned 5year maintenance programme.

(e)Replacementoftheremaining50-year-oldwarmairheatingunitsintheremaining4properties that
are past economical repair.

(5)Conversionof3-bedroomhousepreviouslyoccupiedbythewardensintotwo1bedroom marionettes
for occupation by alms people. Total estimated cost £100,000.

There have been no social events organised during the year owing to the pandemic.

The Charity's estate is now part of the Neighbourhood Watch Scheme.

Page 3

CHARITY OF ROGER REEDE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2021

OBJECTIVES AND ACTIVITIES

Anewsletterissentouttoresidentsfromtimetotimewithstoriesandarticlessuppliedbythe residents
as well as giving other matters of interest regarding the activities of the Charity.

3. Public benefit

The Trustees consider the Charity more than meets the Public Benefit test for the following reason:

The Charity provides good quality accommodation at modest cost for Elderly persons of limited means.

AnnuallynoticesseekingapplicantsforresidenceontheEstatearedistributedtolocal Churches,
CommunityCentres,CitizensAdviceBureaux,and11localLibraries.NoticesareplacedatRomford Town
Hall and on the gates of the Almshouse Estate.

AsrecommendedbytheAlmshousesAssociation,suitablecandidatesareplacedonawaitinglistfor a
periodoftwelvemonthsfollowingwhichtheCharityre-advertisesandre-prioritisesthoseonthe new
waitinglisttoensurethemosteligiblebeneficiariesareatthetopofthelist.TheInterview Committee
sees applicants, and references are taken up. One interview session has taken place during the year.

Peopleonthewaitinglistareofferedaccommodationassoonasapropertybecomesavailable, following
redecoration and any renovation which is required to be undertaken.

This year 2 married couples and 1 single gentleman have been allocated accommodation.

Residents at present on the Estate comprise 14 married couples, 11 single men and 24 single women.

TheprofileoftheCharity'sexistenceintheBoroughhasbeenraisedbyinvolvingthelocal Community
Policeofficersinoccasionallywalkingroundtheestate.Inthepasttheyhavebeenoccasionally visitors
to our coffee mornings.

Covid - 19

AfulldiscussionregardingthisserioustopictookplaceattheTrustees'meetinginMarch2020. Copy
postershadbeenobtainedfromtheH.M.GovermentwebsiteandalsotheN.H.S.Theseposters were
displayed throughout the estate.

LettersweredeliveredtoallresidentsremindingthemoftheGovernmentGuidelinesandtheactionto be
takenifanyoneshouldfeelunwellandsuspecttheyhadthevirus.Theywerealsoadvisedtoinform the
Wardens/Clerk's office of the situation after contacting their relatives.

TheClubroomwascloseduntilfornotice.ThecommunalLaundryremainedopenandwasdeep cleaned
each evening, and a notice displayed that only one resident should be in there at any one time.
PPE was obtained from the Local Authority for using whilst cleaning the Laundry.

4. Discrimination

TheCharityisrestrictedunderitsgoverninginstrumentmainlytoprovidinghomesformenof retirement
age.Subjecttothisrestriction,thetrusteesdonotdiscriminateongroundsofrace,religion, sexual
orientation, disability and gender, and welcome applicants from all parts of the community.

FINANCIAL REVIEW

5. The Charity’s Financial Position

TheCharitymadeasurplusof£63,784fortheyearended31stMarch2021(2020-£33,462).At 31st
March 2021 the Charity has funds of £1,140,354 (2020 - £1,076,570).

Page 4

CHARITY OF ROGER REEDE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2021

FINANCIAL REVIEW

6. Investment Policy

TheCharity'spermanentendowmentisnotlargeinproportiontoitssize.Presentlyallits regular
expenditureismetbyitsregularincomebuttotheextentthatthereisasurplus,thatsurplusis mostly
infundsdesignatedforfutureuse.Theneedtogainaccesstothosefundsatshortnoticemeans that
they cannot be invested in anything other than deposit accounts of one sort or another.

InviewofthecomparativelysmallsizeoftheCharity'spermanentendowment,aninvestmentadviser is
notretained,andtheCharity'smoneyisplacedinaselectionofdedicatedCharityFunds.These produce
amodestincome,butwhichareselectedinthehopethattheywillproducecapitalgrowthwhichwill at
least ensure preservation of the value of those funds.

7. Reserves Policy

AGeneralRepairFund,aCyclicalRepairFund,andanExtraordinaryRepairFundarecarriedand funded
asthoughtappropriateeachyear.AnanalysisofanticipatedcommitmentsontheseFundsis contained
elsewhere in this Report.

Inaddition,unallocatedBankbalancesarecarriedforwardandinthisregardtheTrusteeshavein mind
theneedtoalwaysmaintainsufficientreservetoensurethatfluctuationsinincomedonot cause
short-term problems in funding the Charity's activities.

The Trustees review their Reserves Policy at least once a year.

8. THE CHARITY'S PLANS FOR THE FUTURE

Broadlyspeakingtheseconstitutemoreofthesamei.e.,torepairandmaintaintheCharity's present
Estate, to improve its facilities as occasion requires and funds permit.

TheTrusteescontinuetoreviewhowtheroleoftheCharitymaybe adapted/extended/modernised,
Consideration will be given to the provision of additional services to residents.

The Schemes of the Charity Commissioners under which the Charity operates are kept under
review.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Thecharityiscontrolledbyitsgoverningdocument,adeedoftrustandconstitutesan unincorporated
charity.

Page 5

CHARITY OF ROGER REEDE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

9. Organisational structure

TheCharityofRogerReedeisadministeredbyabodyofTrusteeswhosenamesareasfollows,with dates
of their first appointment: -

Sub-committee Membership & otherposition held

Mr. John Bloomfield
2nd June 2009
(elected 4th June 2017)
Re-appointed June 2019

Mrs.Annette Walsh,
7th September 1993
Re-appointed September 1998
Re-appointed September 2013
Re-appointed September 2018

Chairman of Trustees
Building Sub-committee
Interview committee

Frail Residents committee
Additional Services committee

Mrs.Joanna Beresford
9th December 2003
Re-appointed September 2019

Mrs.Janet Comben
13th December 2010
Re-appointed December 2015
Re-appointed December 2020

Building Sub - committee
Interview committee
Social Sub Committee

Mr.Mike Graham
Appointed 10th December 2012
Re-appointed  June 2018

Mr.Liam Adam Grace
Appointed June 2015

Rev.M.Power
Appointed 12th December 2016

Mr.Andrew Curtin
Appointed 6th June 2017

Mrs Lesley Denton
Appointed 9th December 2019

Mrs Janet Jenkins
Appointed 14th December 2020

TRUSTEE RESIGNATIONS

Mrs Claire McCarthy
Resigned 24th August 2020

TheSchemeunderwhichtheCharityisadministeredpermitsatotalofthirteencompetentpersons to
constitutethebodyofTrustees.WhenselectingTrustees,considerationisgiventothespecialist and
professionalknowledgetheymayoffertheCharity.Theyarepersonswhothroughresidence, occupation
employmentorotherwisehavespecialknowledgeoftheareaoftheancientParishesof Romford,
HornchurchandDagenham.TheTrusteesareappointedbytheexistingbodyofTrusteesforaterm of
five years.

Page 6

CHARITY OF ROGER REEDE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

TheTrusteeshaveappointedaClerktoco-ordinatetheactivitiesoftheCharityandtoadviseupon and
administertheCharity'saffairs.Mr.D.Holland,aPartnerintheFirmofHunt&HuntLLPof Blackburn
House22/26EasternRoad,Romford,Essex,RM13LTistheClerktotheTrustees.TheClerkthrough his
firmemploysMrsM.A.Grantwhodealswithmuchofthedaytodayworkinvolvedinadministering the
Charity's affairs and who attends at Mr.Holland's offices part-time for this purpose.

DuetothenatureandsizeoftheCharitynospecifictrainingisgiventoTrustees.Trusteesarekeptup to
datebytheClerkwithchangingrulesfromtheCharityCommissionersandalsothroughapublication by
the Almshouse Association which is sent to each Trustee.

The Clerk and his assistant attend training courses, and where appropriate guidance is given to Trustees.

TheTrusteesmeetquarterly.Theyhaveappointedfivesub-committees,aBuildingCommittee, Finance
Committee,SocialCommittee,FrailResidentsCommitteeAdditionalServicesCommittee,and Interview
Committeewhomeetseparatelyandfromtimetotimeasrequired.Overthepastyearthe Building
Sub-CommitteebecauseofCovidrestrictionshasonlymetontwooccasions,andthe Social
Sub-Committeeagain,becauseofCovidrestrictionshavenotheldanymeetings.TheCharity's Bankers
are National Westminster Bank Plc. 10 South Street, Romford.

OntheEstateresidentsareprovidedwiththeuseofClubroomandclotheswashinganddrying facilities.
Although the Clubroom has been closed since March 2020 due to the pandemic.

TheCharityhadtheassistanceofMr.andMrs.PeterMastersonasWardens,upuntiltheirretirement on
31stDecember2020theLocalCallCentresituatedatRoyalJubileeCourt,MainRoad,GideaPark now
giveassistance24hours7daysaweek.Specialandseparatearrangementsaremadeforthe collection
of contributions of the Almspersons in respect of their accommodation.

The Charity arranges and pays for all external windows on the estate to be cleaned regularly.
TheCharityalsoarrangesandpaysforthegrassontheestatetobecutandthegroundsmaintainedin a
tidycondition.Inaddition,agardenercutsthegrassforanyresidentunabletoundertakethistask. The
Charity meets the Water Charge for the Estate from its endowment income.

Ian Stephenson undertook a Quinquennial inspection of the estate- 12th November 2019.

ClemenceHoarCummingsCharteredAccountants,ofRiversideHouse,1-5ComoStreet,Romford, Essex.
RM7 7DN, are the Accountants to the Trustees and certify the Annual Accounts.

Hunt & Hunt Solicitors LLP act as solicitors to the Charity.

Page 7

CHARITY OF ROGER REEDE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

10. Risk management

Thetrusteeshaveadutytoidentifyandreviewtheriskstowhichthecharityisexposedandto ensure
appropriate controls are in place to provide reasonable assurance against fraud and error.

No material change has taken place since the assessment carried out last year, which was as follows:

(a) An inability to find suitable applicants for the accommodation.

Thismayariseforvariousreasonsbutperhapsparticularlyduetothechangingrequirementsof potential
beneficiaries.TheTrusteesarenotatpresenthavingdifficultyobtainingapplicantsfor any
accommodation,andthisissupportedbyverylowexperienceofvoidsduringthepastyear. The
Trusteesareawarethatbedsitaccommodationisbecominglesspopular,butthisisnotaproblem at
present.

(b) Right to Reside

Inviewoftherecentlegislationanadditionalclausehasbeeninsertedintheapplicationform requesting
proofofanapplicant'srightandtherightofanybodywhowillliveinthepropertytoresideinthe United
Kingdom.

(c) Changes in State Benefits arrangements upon which most of our applicants depend.

Itisverydifficulttoformulateastrategyfordealingwiththisshoulditeveroccurbecausemostof our
residentswouldbeunabletopayaneconomicoccupancycharge.TheCharitycandonomore than
monitorpotentialdevelopmentsandmakeplansasmaybeappropriateinthelightofthem.The London
BoroughofHaveringhasagreedtocontinuetopayHousingBenefitforeligibleresidentsinsteadof the
new Local Housing Allowance.

(d)  Crime, trespassers on the Estate and personal security of Residents.

Vigilanceisclearlytheanswertomuchofthispotentialproblem.Crimepreventionadviceisgiven to
residentswhenandwhereappropriate.TheCharityhowevermustbemindfulofthefactthat its
residents are entitled to their privacy and to lead independent lives.

(e) CCTV

CCTVcamerashavebeeninstalledwhichcoverthemainroadwayandtheentrancestothe maisonettes
on the front of the estate as well as entrances to Laundry room and Clubroom.

(f) Fraud, Corruption, Theft, & Mis-appropriation of Assets.

Thisisnotbelievedtohavebeenaproblemthusfar.Therisksoftheftcentreprincipallyonitemsin the
ClubRoomandtoalesserextentperhapsintheguestbedroomaccommodationbutalsoofcourseso far
astheCharity'scashisconcernedwhentheContributionsCollectorcollectsfundsregularlyand delivers
themtotheBank.LossofMoneyInsuranceiscarriedinthisregardandfundsareregularlychecked in
the Clerk's office.

(g) Failure to meet statutory and regulatory requirements.

TheClerk'sofficeregularlykeepsaneyeoutfornotificationofpotentialchanges.SomeTrustees have
experienceinrelevantfields.WhereappropriatetheTrusteesseekprofessionaladvice.Itisthought that
as much as can be done is presently being done.

(h) Public Liability.

 Risks are monitored and Insurance protection is carried.

(i) Fire in an Almshouse rendering it uninhabitable .

Insuranceprotectioniscarriedagainstthisrisk.Again,vigilanceisrequiredtominimizetheriskof fire.
Eachalmshousehasasmokedetectorfittedwhichisregularlytested.Wereanysuchproblemtoarise it
isthoughtthattheshort-termsolutionwouldbetheGuestaccommodationontheEstateorinthe event
ofamoreseriousincidenttheClubRoom.Bothwouldrepresentveryshort-termsolutionshowever and
inthemediumtermtheCharitywouldpresumablyhavetolookatfundingitsresidentsin alternative
accommodationwhichofcoursecouldonlybefoundatthetimeneedarose.TheCharityfortunately has
sufficientfundsandislikelytocontinuetohavesufficientfundstomeetthissortofcommitmentshould it
ever arise.

Page 8

CHARITY OF ROGER REEDE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2021

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 206827

Principal address

Blackburn House
22-26 Eastern Road
Romford
Essex
RM1 3LT

Trustees

A Walsh
C McCarthy (resigned 24.8.20)
L Denton
J Beresford
J Bloomfield
J Comben
M Graham
L A Grace
A Curtin
M Power
J Jenkins (appointed 14.12.20)

Independent Examiner

Clemence Hoar Cummings
Chartered Accountants
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN

Approvedbyorderoftheboardoftrusteeson.............................................andsignedonits behalf
by:

.......................................................
L A Grace - Trustee

Page 9

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHARITY OF ROGER REEDE

Independent examiner's report to the trustees of Charity of Roger Reede

IreporttothecharitytrusteesonmyexaminationoftheaccountsofCharityofRogerReede(the Trust)
for the year ended 31st March 2021.

Responsibilities and basis of report

AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsin accordance
with the requirements of the Charities Act 2011 ('the Act').

IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutundersection145oftheAct and
incarryingoutmyexaminationIhavefollowedallapplicableDirectionsgivenbytheCharity Commission
under section 145(5)(b) of the Act.

Independent examiner's statement

Sinceyourcharity'sgrossincomeexceeded£250,000yourexaminermustbeamemberofalisted body.
IcanconfirmthatIamqualifiedtoundertaketheexaminationbecauseIamaregisteredmember of
Chartered Accountant which is one of the listed bodies.

Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattention in
connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which
attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be
reached.

David Belbin BSc FCA DChA
Chartered Accountant
Clemence Hoar Cummings
Chartered Accountants
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN

Date: .............................................

Page 10

CHARITY OF ROGER REEDE

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2021

		2021	2020
		Unrestricted	Total
		funds	funds
	Notes	£	£
INCOME AND ENDOWMENTS FROM
Charitable activities	2	308,440	302,142
Investment income	3	6,476	9,811
Total		314,916	311,953
EXPENDITURE ON
Charitable activities	4	202,345	179,955
Other		75,077	75,818
Total		277,422	255,773
NET INCOME		37,494	56,180
Other recognised gains/(losses)
Gains/(losses) on revaluation of fixed
assets		26,290	(22,718)
Net movement in funds		63,784	33,462
RECONCILIATION OF FUNDS
Total funds brought forward		1,076,570	1,043,108
TOTAL FUNDS CARRIED FORWARD		1,140,354	1,076,570

The notes form part of these financial statements

Page 11

CHARITY OF ROGER REEDE

BALANCE SHEET 31ST MARCH 2021

Notes FIXED ASSETS Tangible assets 9 Investments 10 CURRENT ASSETS Debtors 11 Investments 12 Cash at bank CREDITORS Amounts falling due within one year 13 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 14 Unrestricted funds TOTAL FUNDS	2021 2020 Unrestricted Total funds funds £ £ 207,886 215,881 164,732 138,442 372,618 354,323 4,318 8,760 534,409 508,498 234,639 210,193 773,366 727,451 (5,630) (5,204) 767,736 722,247 1,140,354 1,076,570 1,140,354 1,076,570 1,140,354 1,076,570 1,140,354 1,076,570

ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
............................................. and were signed on its behalf by:

.............................................
L A Grace - Trustee

The notes form part of these financial statements

Page 12

CHARITY OF ROGER REEDE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingby Charities:
StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsin accordance
withtheFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS 102)
(effective1January2019)',FinancialReportingStandard102'TheFinancialReporting Standard
applicableintheUKandRepublicofIreland'andtheCharitiesAct2011.Thefinancial statements
havebeenpreparedunderthehistoricalcostconvention,withtheexceptionofinvestments which
are included at market value.

Income

AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlement to
the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefits will
berequiredinsettlementandtheamountoftheobligationcanbemeasuredreliably. Expenditure
isaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregate all
costrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadings they
have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetover its
estimated useful life.

Freehold property- 2% on cost

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionof the
trustees.

Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsof the
charity.Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedfor particular
restricted purposes.

Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.

Hire purchase and leasing commitments

RentalspaidunderoperatingleasesarechargedtotheStatementofFinancialActivitieson a
straight line basis over the period of the lease.

continued...

Page 13

CHARITY OF ROGER REEDE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2021

2.	CHARITABLE ACTIVITIES
		2021	2020
		£	£
	Donations	-	60
	Contributions from almspeople	305,467	297,965
	Contributions for use of guest bedroom	-	668
	Tumble drier receipts	1,669	1,897
	Car parking	1,304	1,552
		308,440	302,142
3.	INVESTMENT INCOME
		2021	2020
		£	£
	Investment income	5,041	6,651
	Deposit account interest	1,435	3,160
		6,476	9,811
4.	CHARITABLE ACTIVITIES
	Charitable activity costs
		2021	2020
		£	£
	Staff costs	17,097	18,557
	Repairs & upgrades of property	149,764	118,627
	Water rates	6,675	9,508
	Insurance	7,507	7,678
	Light and heat	1,660	5,091
	Telephone, post & stationery	6,500	4,874
	Donations	-	2,500
	Depreciation	7,995	7,995
		197,198	174,830
	Other trading activities
		2021	2020
		£	£
	Support costs	5,147	5,125
	Aggregate amounts	202,345	179,955

continued...

Page 14

CHARITY OF ROGER REEDE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2021

5. SUPPORT COSTS

Other trading activities Other resources expended	Governance Finance costs £ £ 162 4,985 - 75,077 162 80,062	Totals £ 5,147 75,077
		80,224

6. TRUSTEES' REMUNERATION AND BENEFITS

Therewerenotrustees'remunerationorotherbenefitsfortheyearended31stMarch2021nor for
the year ended 31st March 2020.

Trustees' expenses

Therewerenotrustees'expensespaidfortheyearended31stMarch2021norfortheyear ended
31st March 2020.

7. STAFF COSTS

Duringtheyearthecharityemployed2membersofstaffatacostof£17,097(2019: £18,557).
Both retired in December.

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM Charitable activities Investment income Total EXPENDITURE ON Charitable activities Other Total NET INCOME Other recognised gains/(losses) Gains/(losses) on revaluation of fixed assets Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD	Unrestricted funds £ 302,142 9,811 311,953 179,955 75,818 255,773 56,180 (22,718) 33,462 1,043,108 1,076,570

continued...

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CHARITY OF ROGER REEDE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2021

9. TANGIBLE FIXED ASSETS

9.	TANGIBLE FIXED ASSETS
			Freehold
			property
			£
	COST
	At 1st April 2020 and 31st March 2021		399,766
	DEPRECIATION
	At 1st April 2020		183,885
	Charge for year		7,995
	At 31st March 2021		191,880
	NET BOOK VALUE
	At 31st March 2021		207,886
	At 31st March 2020		215,881
	Fixed assets are insured for insurance purposes for £7,023,694
10.	FIXED ASSET INVESTMENTS
			Unlisted
			investments
			£
	MARKET VALUE
	At 1st April 2020		138,442
	Impairments		26,290
	At 31st March 2021		164,732
	NET BOOK VALUE
	At 31st March 2021		164,732
	At 31st March 2020		138,442
	There were no investment assets outside the UK.
11.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2021	2020
		£	£
	Prepayments and accrued income	4,318	8,760
12.	CURRENT ASSET INVESTMENTS
		2021	2020
		£	£
	Unlisted investments	534,409	508,498

continued...

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CHARITY OF ROGER REEDE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2021

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Other creditors 14. MOVEMENT IN FUNDS Unrestricted funds General fund Property Equity account Extraordinary Repairs fund Capital Fund General Repairs Fund Cyclical Maintenance Fund Relief in Need Fund TOTAL FUNDS	At 1.4.20 £ 302,763 215,881 344,649 138,442 36,503 31,661 6,671 1,076,570 1,076,570	2021 £ 5,630 Net Transfers movement between in funds funds £ £ 126,893 (109,500) (7,995) - 405 25,000 26,290 - (35,619) 38,000 (46,196) 46,000 6 500 63,784 - 63,784 -	2020 £ 5,204 At 31.3.21 £ 320,156 207,886 370,054 164,732 38,884 31,465 7,177	2020 £ 5,204
			1,140,354
			1,140,354

Net movement in funds, included in the above are as follows:

Unrestricted funds General fund Property Equity account Extraordinary Repairs fund Capital Fund General Repairs Fund Cyclical Maintenance Fund Relief in Need Fund TOTAL FUNDS	Incoming resources £ 314,529 - 405 - (11) (15) 8 314,916 314,916	Resources expended £ (187,636) (7,995) - - (35,608) (46,181) (2) (277,422) (277,422)	Gains and losses £ - - - 26,290 - - - 26,290 26,290	Movement in funds £ 126,893 (7,995) 405 26,290 (35,619) (46,196) 6 63,784 63,784

continued...

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CHARITY OF ROGER REEDE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2021

14. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

		Net	Transfers
		movement	between	At
	At 1.4.19	in funds	funds	31.3.20
	£	£	£	£
Unrestricted funds
General fund	287,209	131,604	(116,050)	302,763
Property Equity account	223,876	(7,995)	-	215,881
Extraordinary Repairs fund	305,722	1,927	37,000	344,649
Capital Fund	161,161	(22,719)	-	138,442
General Repairs Fund	26,304	(26,801)	37,000	36,503
Cyclical Maintenance Fund
	30,213	(42,602)	44,050	31,661
Relief in Need Fund	8,623	48	(2,000)	6,671
	1,043,108	33,462	-	1,076,570
TOTAL FUNDS	1,043,108	33,462	-	1,076,570

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds General fund Property Equity account Extraordinary Repairs fund Capital Fund General Repairs Fund Cyclical Maintenance Fund Relief in Need Fund TOTAL FUNDS	Incoming resources £ 309,862 - 1,927 (1) 10 107 48 311,953 311,953	Resources expended £ (178,258) (7,995) - - (26,811) (42,709) - (255,773) (255,773)	Gains and losses £ - - - (22,718) - - - (22,718) (22,718)	Movement in funds £ 131,604 (7,995) 1,927 (22,719) (26,801) (42,602) 48 33,462 33,462

continued...

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CHARITY OF ROGER REEDE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2021

14. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

		Net	Transfers
		movement	between	At
	At 1.4.19	in funds	funds	31.3.21
	£	£	£	£
Unrestricted funds
General fund	287,209	258,497	(225,550)	320,156
Property Equity account	223,876	(15,990)	-	207,886
Extraordinary Repairs fund	305,722	2,332	62,000	370,054
Capital Fund	161,161	3,571	-	164,732
General Repairs Fund	26,304	(62,420)	75,000	38,884
Cyclical Maintenance Fund
	30,213	(88,798)	90,050	31,465
Relief in Need Fund	8,623	54	(1,500)	7,177
	1,043,108	97,246	-	1,140,354
TOTAL FUNDS	1,043,108	97,246	-	1,140,354

Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,included in
the above are as follows:

Unrestricted funds General fund Property Equity account Extraordinary Repairs fund Capital Fund General Repairs Fund Cyclical Maintenance Fund Relief in Need Fund TOTAL FUNDS	Incoming resources £ 624,391 - 2,332 (1) (1) 92 56 626,869 626,869	Resources expended £ (365,894) (15,990) - - (62,419) (88,890) (2) (533,195) (533,195)	Gains and losses £ - - - 3,572 - - - 3,572 3,572	Movement in funds £ 258,497 (15,990) 2,332 3,571 (62,420) (88,798) 54 97,246 97,246

15. RELATED PARTY DISCLOSURES

Duringtheyear31/3/21£4,834waspaidtoMrLAGrace,atrustee,forgardeningworkon the
estate (£3,321 in 2020).

Page 19

CHARITY OF ROGER REEDE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2021

2021 Unrestricted funds £ INCOME AND ENDOWMENTS Charitable activities Donations - Contributions from almspeople 305,467 Contributions for use of guest bedroom - Tumble drier receipts 1,669 Car parking 1,304 308,440 Investment income Investment income 5,041 Deposit account interest 1,435 6,476 Total incoming resources 314,916 EXPENDITURE Charitable activity costs Wages 17,097 Repairs & upgrades of property 149,764 Water rates 6,675 Insurance 7,507 Light and heat 1,660 Telephone, post & stationery 6,500 Donations - Depreciation of tangible fixed assets 7,995 197,198 Support costs Finance Bank charges 162 Governance costs Independent examination 2,100 Payroll services 576 Sundries 2,231 Advertising 80 Legal & professional fees 75,075 80,062 Total resources expended 277,422 Net income 37,494	2020 Total funds £ 60 297,965 668 1,897 1,552
	302,142 6,651 3,160
	9,811
	311,953 18,557 118,627 9,508 7,678 5,091 4,874 2,500 7,995
	174,830 165 2,075 288 2,290 307 75,818
	80,778
	255,773
	56,180

This page does not form part of the statutory financial statements

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