```
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...
```
```
Page 15
```
```
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...
```
```
Page 16
```
```
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...
```
```
Page 17
```
```
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...
```
```
Page 18
```
```
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
```
```
Page 20
```