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2022-03-31-accounts

REGISTERED CHARITY NUMBER: 206827

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022 FOR CHARITY OF ROGER REEDE

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

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CHARITY OF ROGER REEDE

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CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022

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

CHARITY OF ROGER REEDE

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022

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 2022 unless otherwise stated.

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Page 1

CHARITY OF ROGER REEDE

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022

OBJECTIVES AND ACTIVITIES

  1. The Aims and Objects of the Charity

The foundation of the Charity derives from the Will of Roger Reede a Romford merchant and landowner who dled in 1482. Its current governing document is a regulating Scheme of the Charity Commissioners sealed on the 16th August 1976, with subsequent amendments dated 28th November 1985, 19th August 1997, 31st January 2000, and 5th October 2001. The Charity Registration Number is 206827, The Charity's object is the provision of Almshouses for the benefit of Poor Men of Good Character unable to maintain themselves by their own exertions through age, ill-health or infirmity. Over the past few years we have found it difficult to attract single gentlemen. The Charity Commissioners therefore agreed an amendment to the scheme (by a further scheme dated 5th October 2001) which states the Almspeople shali 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.

There are 49 bungalows and flats on the Charlty’s Estate, plus a house, which has previously been occupied by the Wardens. The Estate is located in Church Lane, Romford, near the town centre, in the London Borough of Havering.

One Almshouse (separately funded by the Charity known as the William Hunnable Almshouse) has slightly different qualifications for occupancy. These are that those concerned shall be persons of good character who (except in special cases to be approved by the Charity Commissioners) are resident in the area of the Parish of Romford as constituted on 23rd July 1928.

It should furthermore be noted: -

(a) There are altogether three Almshouses (including the William Hunnable Almshouse) on the Charity's Estate which were funded with money derived from other sources and to which the Trustees were always permitted to appoint single ladies.

(b) A separate Charity known as “the Relief in Need Fund" is constituted by the Charity Commissioners' Scheme dated 16th August 1976 with an amendment dated Sth October 2001. A total of £500 has been transferred into this fund this year. The Trustees apply the income in relieving either generally or Individually persons resident in the area of thé ancient Parishes of Romford, Hornchurch and Dagenham who are in conditions of need, hardship or distress by making grants of money or providing or paying for items, services or facilities calculated to reduce the need, hardship or distress of such persons.

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CHARITY OF ROGER REEDE

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022

OBJECTIVES AND ACTIVITIES

2. Activities for the past year.

DISABILITY DISCRIMINATION ACT

The Building Sub Committee continues to take action to ensure that the requirements of this Act are whenever practicable, adhered to. With the safety and access for the disabled in mind a full review of the estate is undertaken on a regular basis by all members of the Building Sub Committee and the 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 outi-

Further work planned to commence within the next twelve months (depending on the availability of units) Includes:

Social Events are now slowly resuming following the [lfting of Covid-19 restrictions.

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

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CHARITY OF ROGER REEDE

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022

OBJECTIVES AND ACTIVITIES

Regular updates of updates of forthcoming social events and general reminders concerning property matters are placed on the two notice boards and circulated to residents.

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 limlted means.

Annually notices seeking applicants for residence on the Estate are distributed to local Churches, Community Centres, Citizens Advice Bureaux, and 11 local Libraries. Notices are placed at Romford Town Hall and on the gates of the Almshouse Estate. As recommended by the Almshouses Association, suitable candidates are placed on a walting list for a period of twelve months following which the Charity re-advertises and re-priorities those on the new waiting list to ensure the most eligible beneficiaries are at the top of the list. The Interview Committee sees applicants, and references are taken up. One interview session has taken place during the year.

People on the waiting list are offered accommodation as soon as a property becomes available, following redecoration and any renovation which is required to be undertaken.

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

Residents at present on the Estate comprise 11 married couples, 10 single men and 23 single women.

The profile of the Charity's existence in the Borough has been ralsed by involving the local Community Police officers in occasionally walking round the estate. In the past they have been occasionally visitors to our coffee mornings.

Covid - 19

A full discussion regarding this serious topic took place at the Trustees’ meeting in March 2020. Copy posters had been obtained from the H.M.Government website and also the N.H.S. These posters were displayed throughout the estate.

Letters were delivered to all residents reminding them of the Government Guidelines and the action to be taken if anyone should feel unwell and suspect they had the virus. The Clubroom was closed for a while and re-opened for small groups of residents prior to Christmas 2021. There are hand sanitisers placed in all communal areas. The communal Laundry remained open and was deep 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

The Charity is restricted under its governing instrument mainly to providing homes for men of retirement age. Subject to this restriction, the trustees do not discriminate on grounds of race, religion, sexual orientation, disability and gender, and welcome applicants from all parts of the community.

FINANCIAL REVIEW

5. The Charity’s Financial Position

The Charity made a deficit of £93,893 for the year ended 31st March 2022 (2021 - Surplus of £63,784). At 31st March 2022 the Charity has funds of £1,043,461 (2021 - £1,140,354).

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CHARITY OF ROGER REEDE

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022

FINANCIAL REVIEW

6. Investment Policy

The Charity's permanent endowment is not large in proportion to its size. Presently all its regular expenditure is met by Its regular income but to the extent that there is a surplus, that surplus is mostly in funds designated for future use. The need to gain access to those funds at short notice means that they cannot be invested in anything other than deposit accounts of one sort or another.

In view of the comparatively small size of the Charity's permanent endowment, an investment adviser is not retained, and the Charity's money is placed in a selection of dedicated Charity Funds. These produce a modest income, but which are selected in the hope that they will produce capital growth which will at least ensure preservation of the value of those funds.

7. Reserves Policy

A General Repair Fund, a Cyclical Repair Fund, and an Extraordinary Repair Fund are carried and funded as thought appropriate each year. An analysis of anticipated commitments on these Funds is contained elsewhere in this Report,

In addition, unallocated Bank balances are carried forward and in this regard the Trustees have in mind the need to always maintain sufficient reserve to ensure that fluctuations In income do not 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

Broadly speaking these constitute more of the same i.e., to repair and maintain the Charity's present Estate, to improve Its facilities as occasion requires and funds permit.

The Trustees continue to review how the role of the Charity may be adapted/extended/modermised, 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

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

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CHARITY OF ROGER REEDE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022

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STRUCTURE, GOVERNANCE AND MANAGEMENT

9, Organisational structure

The Charity of Roger Reede is administered by a body of Trustees whose names are as follows, with dates of their first appointment: -

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

Bullding Sub - committee Interview committee Social Sub Committee

Mr.Mike Graham Appointed i0th December 2012 Re-appointed June 2018

Mr.Liam Adam Grace Appointed June 2015 Re-appointed June 2020

Rev.M.Power Appointed 12th December 2016 Re-appointed 13th December 2021

Mr.Andrew Curtin Appointed 6th June 2017

Mrs Lesley Denton Appointed 9th December 2019

_ AppointedMrs Janet Jenkins14th December 2020

TRUSTEE RESIGNATIONS

None

The Scheme under which the Charity is administered permits a total of thirteen competent persons to constitute the body of Trustees. When selecting Trustees, consideration Is given to the specialist and professional knowledge they may offer the Charity. They are persons who through residence, occupation employment or otherwise have special knowledge of the area of the ancient Parishes of Romford, Hornchurch and Dagenham. The Trustees are appointed by the existing body of Trustees for a term of five years.

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CHARITY OF ROGER REEDE

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Trustees have appointed a Clerk to co-ordinate the activities of the Charity and to advise upon and administer the Charity's affairs. Mr.D. Holland, a Partner in the Firm of Hunt & Hunt LLP of Blackburn House 22/26 Eastern Road, Romford, Essex, RM1 3LT is the Clerk to the Trustees. The Clerk through his firm employs Mrs M.A.Grant who deals with much of the day to day work involved in administering the Charity’s affairs and who attends at Mr.Holland's offices part-time for this purpose.

Due to the nature and size of the Charity no specific tralning Is given to Trustees. Trustees are kept up to date by the Clerk with changing rules from the Charity Commissioners and also through a publication 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.

The Trustees meet quarterly. They have appointed five sub-committees, a Building Committee, Finance Committee, Social Committee, Frail Residents Committee Additional Services Committee, and Interview Committee who meet separately and from time to time as required. Over the past year the Building Sub-Committee because of Covid restrictions has only met on two occasions, and the Social Sub-Committee again, because of Covid restrictions have not held any meetings. The Charity's Bankers are Natlonal Westminster Bank Plc. 10 South Street, Romford.

On the Estate residents are provided with the use of Clubroom and clothes washing and drying facilities. Although the Clubroom has been closed since March 2020 due to the pandemic.

The Charity had the asslstance of the Local Call Centre situated at Royal Jubilee Court, Main Road, Gidea Park now give assistance 24 hours 7 days a week. Special and separate arrangements are made for the 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. The Charity also arranges and pays for the grass on the estate to be cut and the grounds maintained in a tidy condition. In addition, a gardener cuts the grass for any resident unable to undertake this task. 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.

Clemence Hoar Cummings Chartered Accountants, of Riverside House, 1-5 Como Street, 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.

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CHARITY OF ROGER REEDE

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT 10. Risk management

The trustees have a duty to Identify and review the risks to which the charity is exposed and to 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. This may arise for various reasons but perhaps particularly due to the changing requirements of potential beneficiaries. The Trustees are not at present having difficulty obtaining applicants for any accommodation, and this is supported by very low experlence of voids during the past year. The Trustees are aware that bedsit accommodation is becoming less popular, but this is not a problem at present.

(b) Right to Reside In view of the recent legislation an additional clause has been inserted in the application form requesting proof of an applicant's right and the right of anybody who will live in the property to reside in the United Kingdom.

(c) Changes in State Benefits arrangements upon which most of our applicants depend. It is very difficult to formulate a strategy for dealing with this should [It ever occur because most of our residents would be unable to pay an economic occupancy charge. The Charity can do no more than monitor potential developments and make plans as may be appropriate in the light of them. The London Borough of Havering has agreed to continue to pay Housing Benefit for eligible residents instead of the new Local Housing Allowance. (d) Crime, trespassers on the Estate and personal security of Residents. Vigilance is clearly the answer to much of this potential problem. Crime prevention advice is given to residents when and where appropriate. The Charity however must be mindful of the fact that its residents are entitled to their privacy and to lead independent lives.

(e) CCTV

CCTV cameras have been installed which cover the main roadway and the entrances to the maisonettes on the front of the estate as well as entrances to Laundry room and Clubroom.

(f)_Fraud, Corruption, Theft, & Mis-appropriation of Assets. This is not believed to have been a problem thus far. The risks of theft centre principally on items in the Club Room and to a lesser extent perhaps in the guest bedroom accommodation but also of course so far as the Charity’s cash is concerned when the Contributions Collector collects funds regularly and delivers them to the Bank. Loss of Money Insurance is carried in this regard and funds are regularly checked in the Clerk's office.

(g) Failure to meet statutory and regulatory requirements. The Clerk's office regularly keeps an eye out for notification of potential changes. Some Trustees have experience in relevant fields. Where appropriate the Trustees seek professional advice. It is thought 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, Insurance protection Is carried agalnst this risk. Again, vigilance is required to minimize the risk of fire. Each almshouse has a smoke detector fitted which is regularly tested. Were any such problem to arise It is thought that the short-term solution would be the Guest accommodation on the Estate or in the event of a more serious Incident the Club Room. Both would represent very short-term solutions however and in the medium term the Charity would presumably have to look at funding its residents in alternative accommodation which of course could only be found at the time need arose. The Charity fortunately has sufficient funds and is likely to continue to have sufficient funds to meet this sort of commitment should it ever arise.

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CHARITY OF ROGER REEDE

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 206827

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

Trustees A Walsh L Denton J Beresford J Bloomfield J Comben M Graham L A Grace A Curtin M Power J Jenkins

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Independent Examiner Clemence Hoar Cummings Chartered Accountants Riverside House 1-5 Como Street Romford Essex RM7 7DN ~K. Approved by order of the board of trustees on 2b Senhin ad Oe nr 2Errand signed on its behalf by:

L A Grace - Trustee

Page 9

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

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

I report to the charity trustees on my examination of the accounts of Charity of Roger Reede (the Trust) for the year ended 31st March 2022.

Responsibilities and basIs of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Trust's accounts carrled out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5){b) of the Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body, I can confirm that I am qualified to undertake the examination because I am a registered member of Chartered Accountant which Is one of the listed bodles.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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  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

  2. 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.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

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

Date: ..28., SerBenched,202.2,

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CHARITY OF ROGER REEDE

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STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2022

2022 2021
Unrestricted Total
funds funds
Notes £ £
INCOME AND ENDOWMENTS FROM
Charitable activities 2 298,533 308,440
Investment income 3 5,747 6,476
Total 304,280 314,916
EXPENDITURE ON
Charitable actIvities 4 326,913 202,345
Other 84,791 75,077
Total 411,704 277,422
NET INCOME/ (EXPENDITURE) (107,424) 37,494
Other recognised gains/ (losses)
Gains on revaluation of fixed assets 10,531 26,290
Net movement in funds (96,893) 63,784
RECONCILIATION OF FUNDS
Total funds brought forward 1,140,354 1,076,570
TOTALFUNDSCARRIEDFORWARD 1,043,461 1,140,354

The notes form part of these financial statements

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CHARITY OF ROGER REEDE

BALANCE SHEET

31ST MARCH 2022

2022 2021
Unrestricted Total
funds funds
Notes £ £
FIXED ASSETS
Tangible assets 9 199,891 207,886
Investments 10 175,263 164,732
375,154 372,618
CURRENT ASSETS
Debtors 11 1,767 4,318
Investments 12 474,952 534,409
Cash at bank 203,679 234,639
680,398 773,366
CREDITORS
Amounts falling due within one year 13 (12,091) (5,630)
NET CURRENT ASSETS 668,307 767,736
TOTAL ASSETS LESS CURRENT
LIABILITIES 1,043,461 1,140,354
NET ASSETS 1,043,461 1,140,354
FUNDS 14
Unrestricted funds 1,043,461 1,140,354
TOTALFUNDS 1,043,461 1,140,354

The financial statements were approved by the Board of Trustees and authorised for issue on ZS, Se prember:, ZOZ.... and were signed on its behalf by:

LA Grace - Trustee

The notes form part of these financial statements

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CHARITY OF ROGER REEDE

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022

i. ACCOUNTING POLICIES

Basis of preparing the financlal statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing thelr accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of Investments which are included at market value.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, It Is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it ls probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. :

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are ralsed for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

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CHARITY OF ROGER REEDE

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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022

2. CHARITABLE ACTIVITIES
2022 2021
£ £
Contributions from almspeople 295,008 305,467
Tumble drier receipts 2,229 1,669
Car parking 1,296 1,304
298,533 308,440
3. INVESTMENT INCOME
2022 2021
£ £
Investment income 5,271 5,041
Deposit account Interest 476 1,435
5,747 6,476
4. CHARITABLE ACTIVITIES
Charitable activity costs
2022 2021
£ £
Staff costs 12,000 17,097
Repairs & upgrades of property 278,937 149,764
Water rates 7,328 6,675
Insurance 7,109 7,507
Light and heat 3,115 1,660
Telephone, post & stationery 5,226 6,500
Depreciation 7,995 7,995
321,710 197,198
Other trading activitles
2022 2021
£ £
Support costs 5,203 5,147
Aggregateamounts 326,913 202,345

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CHARITY OF ROGER REEDE

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NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST MARCH 2022

5.

SUPPORT COSTS

Governance
Finance costs Totals
£ £ £
Other trading activities 439 4,764 5,203
Other resources expended - 84,791 84,791
439 89,555 89,994
  1. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 3ist March 2022 nor for the year ended 31st March 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31st March 2022 nor for the year ended 31st March 2021.

7.

STAFF COSTS

7. STAFF COSTS
2022 2021
£ £
Wages and salaries 12,000 17,097
12,000 17,097
The average monthly number of employees during the year was as follows:
2022 2021
No employees received emoluments in excess of £60,000.
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
, £
INCOME AND ENDOWMENTS FROM
Charitable activities 308,440
Investment Income 6,476
Total 314,916
EXPENDITURE ON
Charitable activities 202,345
Other
,		 75,077
Total 277,422
NET INCOME 37,494
Other recognised gains/(losses)
Gainsonrevaluationoffixedassets 26,290

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CHARITY OF ROGER REEDE

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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
funds
£
Net movement in funds 63,784
RECONCILIATION OF FUNDS
Total funds brought forward 1,076,570
TOTAL FUNDS CARRIED FORWARD 1,140,354
9. TANGIBLE FIXED ASSETS
Freehold
property
£
COST
At 1st April 2021 and 31st March 2022 399,766
DEPRECIATION
At ist April 2021 191,880
Charge for year 7,995
At 31st March 2022 199,875
NET BOOK VALUE
At 31st March 2022 199,891
At 31st March 2021 207,886
Fixed assets are insured for insurance purposes for £7,023,694
10. FIXED ASSET INVESTMENTS
Unlisted
investments
£
MARKET VALUE .
At 1st April 2021 164,732
Impairments 10,531
At 31st March 2022 175,263
NET BOOK VALUE
At 31st March 2022 175,263
At31stMarch2021 164,732

There were no investment assets outside the UK.

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CHARITY OF ROGER REEDE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR WITHIN ONE YEAR
2022 2021
£ £
Prepayments and accrued income 1,767 4,318
12. CURRENT ASSET INVESTMENTS
2022 2021
£ £
Unlisted investments 474,952 534,409
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Other creditors 12,091 5,630
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14. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.4.21 In funds funds 31.3.22
£ £ £ £
Unrestricted funds
General fund 320,156 (30,888) (23,208) 266,060
Property Equity account 207,886 - “ 207,886
Extraordinary Repairs fund 370,054 132 (60,092) 310,094
Capital Fund 164,732 10,531 - 175,263
General Repairs Fund 38,884 (31,572) 37,000 44,312
Cyclical Maintenance Fund
31,465 (45,099) 45,800 32,166
Relief in Need Fund 7,177 3 500 7,680
1,140,354 (96,893) - 1,043,461
TOTAL FUNDS 1,140,354 (96,893) - 1,043,461
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 304,041 (334,929) - (30,888)
Extraordinary Repalrs fund 132 - - 132
Capital Fund - - 10,531 10,531
General Repairs Fund 101 (31,673) - (31,572)
Cyclical Maintenance Fund
3 (45,102) ~ (45,099)
Rellef In Need Fund 3 - - 3
304,280 (411,704) 10,531 (96,893)
TOTALFUNDS 304,280 (411,704) 10,531 (96,893)

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CHARITY OF ROGER REEDE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022

14. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net Transfers
At 1.4.20 movement
in funds		 between
funds		 At
31.3.21
£ £ £ £
Unrestricted funds
General fund 302,763 126,893 (109,500) 320,156
Property Equity account 215,881 (7,995) - 207,886
Extraordinary Repairs fund
;		 344,649 405 25,000 370,054
Capital Fund 138,442 26,290 - 164,732
General Repairs Fund 36,503 (35,619) 38,000 38,884
Cyclical Maintenance Fund
31,661 (46,196) 46,000 31,465
Relief in Need Fund 6,671 6 500 7,177
1,076,570 63,784 - 1,140,354
TOTAL FUNDS 1,076,570 63,784 - 1,140,354
Comparative 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 314,529 (187,636) - 126,893
Property Equity account - (7,995) - (7,995)
Extraordinary Repairs fund 405 - - 405
Capital Fund - - 26,290 26,290
General Repairs Fund (11) (35,608) - (35,619)
Cyclical Maintenance Fund
(15) (46,181) - (46,196)
Relief in Need Fund 8 (2) - 6
314,916 (277,422) 26,290 63,784
TOTALFUNDS 314,916 (277,422) 26,290 63,784

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continued...

CHARITY OF ROGER REEDE

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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022

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 1.4.20 in funds funds 31,.3.22
£ £ £ £
Unrestricted funds
General fund 302,763 96,005 (132,708) 266,060
Property Equity account 215,881 (7,995) - 207,886
Extraordinary Repairs fund 344,649 537 (35,092) 310,094
Capital Fund 138,442 36,821 - 175,263
General Repairs Fund 36,503 (67,191) 75,000 44,312
Cyclical Maintenance Fund
31,661 (91,295) 91,800 32,166
Relief in Need Fund 6,671 9 1,000 7,680
1,076,570 (33,109) - 1,043,461
TOTALFUNDS 1,076,570 (33,109) - 1,043,461

A current year 12 months and prior year 12 months combined 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 618,570 (522,565) - 96,005
Property Equity account - (7,995) - (7,995)
Extraordinary Repairs fund 537 - - 537
Capital Fund - - 36,821 36,821
General Repairs Fund 90 (67,281) - (67,191)
Cyclical Maintenance Fund
(12) (91,283) - (91,295)
Relief in Need Fund 11 (2) - 9
619,196 (689,126) 36,821 (33,109)
TOTALFUNDS 619,196 (689,126) 36,821 (33,109)
  1. RELATED PARTY DISCLOSURES

During the year 31/3/22 £4,247 was paid to Mr LA Grace, a trustee, for gardening work on the estate (£4,834 In 2021).

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CHARITY OF ROGER REEDE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2022

2022 2021
Unrestricted
funds		 Total
funds
£ £
INCOME AND ENDOWMENTS
Charitable activities
Contributions from almspeople 295,008 305,467
Tumble drier receipts 2,229 1,669
- Car parking 1,296 1,304
298,533 308,440
Investment income
Investment Income 5,271 5,041
Deposit account interest 476 1,435
5,747 6,476
Total incoming resources 304,280 314,916
EXPENDITURE
Charitable activity costs
Wages 12,000 17,097
Repairs & upgrades of property 278,937 149,764
Water rates 7,328 6,675
Insurance 7,109 7,507
Light and heat 3,115 1,660
Telephone, post & stationery 5,226 6,500
Depreciation of tangible fixed assets 7,995 7,995
321,710 197,198
Support costs
Finance
Bank charges 439 162
Governance costs
Independent examination 2,220 2,100
Payrol! services
Sundries		 (144)
2,425		 576
2,231
Advertising 263 80
Legal & professional fees 4,800 2,400
Clerk's office 66,972 64,848
Call centre 13,019 7,827
89,555 80,062
Total resources expended 411,704 277 422
Netincome (107,424) 37,494

This page does not form part of the statutory financial statements

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