|Trustees|Mrs. E. Nelson-Walker (Chair)|
|---|---|
||Mr.R. B.Frost (Treasurer)|
||Mr. P.Mould (Deputy Chair)|
||Rev. T. Rindl|
||Mr. N. H. Tyrwhitt|
||Cllr.M. Devonish|
||Mrs. F. Evans|
||Dr. N. Ineson|
|Charity number|207042|
|Registered office|19 The Almshouses|
||St Mary's Close|
||Watford|
||Hertfordshire|
||WD18 0EQ|
|Independent examiner|Gary Howard FCA|
||Howard Wilson Chartered Accountants|
||36 Crown Rise|
||Watford|
||Hertfordshire|
||WD25 ONE|
|Bankers|National Westminster Bank pic|
||72/74 High Street|
||Watford|
||Hertfordshire|
||WD17 2GZ|
|Investment advisors|The M&G Group|
||M&G House|
||Victoria Road|
||Chelmsford|
||Essex|
||CM11FB|
||CCLA Investment Management Ltd|
||80 Cheapside|
||London|
||EC27 6DZ|






## 




## 

## 

## 

## 

## 

## 





## 

## 


## 








## 

|||Unrestricted|Total|
|---|---|---|---|
|||funds||
|||2021|2020|
||>tes|||
|Income from:||||
|Donations and legacies|3|450||
|Charitable activities|4|61,425|57,660|
|Investments|5|8,007|8,167|
|Total income||69,882|65,827|
|Expenditure on:||||
|Charitable activities|6|55,153|56,051|
|Total expenditure||55,153|56,051|
|Net income/(expenditure) before gains/(losses) on investments||14,729|9,776|
|Net gains/(losses) on investments9||75,230|(22,931)|
|Net income for the year||89,959|(13,155)|
|Other recognised gains and losses||||
|Revaluation of tangible fixed assets||392,842|86,970|
|Net movement in funds||482,801|73,815|
|Fund balances at 1 January 2021||3,027,887|2,954,072|
|Fund balances at 31 December 2021||3,510,688|3,027,887|





## 

## 

|||2021||2020|
|---|---|---|---|---|
||otes||||
|Fixed assets|||||
|Tangible assets|10||2,709,812|2,316,970|
|investments|11||710,457|635,227|
||||3,420,2692,952,197||
|Current assets|||||
|Cash at bank and in hand||91,259|76,530||
|Creditors: amounts falling due within|||||
|one year|13|(840)|(840)||
|Net current assets|||90,419|75,690|
|Total assets less current liabilities|||3,510,688|3,027,887|
|Income funds|||||
|Unrestricted funds|||||
|Designated funds143,420,2692,952,197|||||
|General unrestricted funds90,41975,690|||||
||||3,510,6883,027,887||
||||3,510,6883,027,887||






## 

## 

## 

## 

## 

## 

## 




## 

## 

## 



## 

||Unrestricted|Total|
|---|---|---|
||funds||
||2021|2020|
|Donations and gifts|450|-|
|Charitable activities|||
||Almshouse|Almshouse|
||income|income|
||2021|2020|
||tti|ui|
|Contribution from residents61,425||57,660|






||Unrestricted|Unrestricted|
|---|---|---|
||funds|funds|
||2021|2020|
|Investment income|8,003|8,087|
|Interest receivable|4|80|
||8,007|8,167|







||2021|2020|
|---|---|---|
|Staff costs|8,890|8,480|
|Light and heat|6,395|6,311|
|Water services|1,805|1,616|
|Council tax|1,357|2,016|
|Insurance|1,694|1,655|
|Repairs and maintenance (see analysis below)|32,074|33,069|
|Postage and stationery|120|18|
|Computer costs|169|239|
|Telephone, TV and internet|719|757|
|Sundry expenses|769|735|
|Legal and professional costs|35|-|
|Subscriptions|286|315|
|Governance costs|840|840|
||55,153|56,051|
|Analysis of Repairs and Maintenance|||
||2021|2020|
|Electrical repairs|1,600|1,105|
|Plumbing and heating|1,550|1,801|
|Water testing|1,507|1,507|
|Pest control|3,979||
|Properties refurbishment|9,182|22,908|
|Window cleaning|855|600|
|Exterior repairs|9,607|-|
|Window/gutter/sundry repairs|1,338|-|
|Gardening|1,736|1,590|
|Fire and safety costs|720|1,310|
|Sundry items|-|2,248|
||32,074|33,069|






|8|Employees|||||
|---|---|---|---|---|---|
||Number of employees|||||
||The average monthly number of employees during the year was:|||||
|||2021|||2020|
|||Number|||Number|
||Charitable activities|2|||2|
||Employment costs|2021|||2020|
||Wages and salaries|8,890|||8,480|
||There were no employees whose annual remuneration was 60,000 or more.|||||
|9|Net gains/(losses) on investments|||||
|||Unrestricted|Unrestricted|||
|||funds|||funds|
|||2021|||2020|
||Revaluation of investments|75,230|||(22,931|
|10|Tangible fixed assets|||||
|||Freehold land|and||buildings|
||Cost or valuation|||||
||At 1 January 2021||2,||316,970|
||Revaluation||||392,842|
||At 31 December 2021||,709,812<br>2,|||
||Carrying amount|||||
||At 31 December 2021||,709,812<br>2,|||
||At 31 December 2020||2|,316,970||





## 

|10|Tangible fixed assets||(Continued)|
|---|---|---|---|
||The carrying value of land included in land and buildings comprises:|||
|||2021|2020|
||Freehold|2,316,970|2,316,970|
||The land and buildings represent the Essex Almshouses held for functional use by the charity and are|||
||stated at their insured value which the Trustees consider to be equivalent|to the depreciated|replacement|
||cost.|||
|11|Fixed asset investments|||



||||Listed|
|---|---|---|---|
||||investments|
||Cost or valuation|||
||At 1 January 2021||635,227|
||Valuation changes||75,230|
||At 31 December 2021||710,457|
||Carrying amount|||
||At 31 December 2021||710,457|
||At 31 December 2020||635,227|
|||2021|2020|
||Investments at fair value comprise:|||
||M&G Charity Multi Asset Funds - 4,317 Accumulation Shares|489,412|432,444|
||M&G Charity Multi Asset Funds - 216,518 Income Shares|221,045|202,783|
|||710,457|635,227|
||Fixed asset investments revalued|||
||The historic cost of listed investments included above is 220,000 (2020: 220,000).|||
|12|Financial instruments|20212020||
||Carrying amount of financial assets|||
||Instruments measured at fair value through profit or loss|710,457635,227||









## 

||Balance at|Transfers|Revaluations,|Balance at|Revaluations,|Balance at|
|---|---|---|---|---|---|---|
||1 January 2020gains and1|||January 2021|gains and|31 December|
||||losses||losses|2021|
||tti|||tti|||
|Fixed Asset Fund|230,000||86,970|2,316,970|392,842|2,709,812|
|Emergency Repair Fund|71,201|30,000||101,201||101,201|
|Common Maintenance|||||||
|Fund|98,799|20,000|-|118,799|-|118,799|
|Investments -|||||||
|Revaluation Reserve|438,158||(22,931)|415,227|75,230|490,457|
||2,838,15850,00064,039|||2,952,197|468,072|3,420,269|