## ## |Trustees|||F.Gillman||| |---|---|---|---|---|---| ||||P.John||| ||||D.Brasier||| ||||D.Hams||| ||||C.Benson||| ||||J.Scorer||| ||||A.Bates||| ||||C.Parsons||| ||||L.Green||| ||||M. Cheeseman||| ||||K.Brown||| ||||N. Ali||| |Charity|number||211763||| |Principal|address||6-8 Druid Street||| ||||Tooley Street||| ||||London||| ||||SEI 2EU||| |Auditor|||HB Accountants||| ||||Plumpton
House||| ||||Plumpton
Road||| ||||Hoddesdon||| ||||Hertfordshire||| ||||ENI I OLB||| |Bankers|||National
Westminster||Bank| ||||201Tooley|Street|| ||||London||| ||||SEI 2ZH||| |Investment||advisors|Investec Wealth & Investment||| ||||2 Gresham|Street|| ||||London||| ||||EC2V7QP||| ## |||Page| |---|---|---| |Trustees'
report||1-3| |Statement oftrustees'|responsibilities|| |Independent
auditor's|report|5-7| |Statement offinancial|activities|| |Balance sheet||| |Notes to the financial|statements|10-17| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||Unrestricted|Unrestricted| |---|---|---|---|---|---| |||||funds|funds| |||||2021|2020| ||||Nates||| |Igggine from:|||||| |Donations|||||16,000| |Investments||||441,874|571,722| |Totalincome||||441,874|587,722| |d~Eddh|i||||| |I'
d|||||| |Investment
management||||62,195|64,308| |Charitable
activities|||||| |Gifts and relief|for those in need|||391,818|532,246| |Educationatsupport||||29,000|72,934| |Total charitable||expenditure||420,818|605,180| |Total resources|expended|||483,013|669,488| |Net gains/(lasses)||on investments||2,202,758|(1,879,346)| |Net movement|in funds|||2,161,619|(1,961,112)| |Fund balances at||1April 2020||14,739,993|16,701,105| |Fund balances|at31March 2021|||16,901,612|14,739,993| ## ## ## |||||2021||2020|| |---|---|---|---|---|---|---|---| ||||Notes||||| |Fixed assets|||||||| |Tangible assets|||10||477,292||481,191| |Investments|||11||16,051,519||13,909,179| ||||||16,528,811||14,390,370| |Current assets|||||||| |Debtors|||12|45,207||135,849|| |Cash at bank|and in|hand||353,451||238,581|| |||||398,658||374,430|| |Creditors: amounts||falling due within one|||||| |year|||13|(25,857)||(24,807)|| |Net current assets|||||372,801||349,623| |Total assets|less current liabilities||||16,901,612||14,739,993| |Income funds|||||||| |Unrestricted|funds||||16,901,612||14,739,993| ||||||16,901,612||14,739,993| ## ## ## ## ## ## ## ## ## ## ## ## ||Accounting
policies (cantinued)||||||| |---|---|---|---|---|---|---|---| |1.6|Tangible fixed assets||||||| ||Tangible fixed assets are initially
measured
at cost and subsequently
measured
at cost or|||valuation,
net||ofdepreciation|| ||and any impairment
losses.||||||| ||Depreciation
is recognised
so as to write offthe cost or valuation ofassets|less their residual
values over their|||||useful| ||lives on the following bases:||||||| ||Freehold land and buildings
0%straight
line||||||| ||Freehold improvements
10%straight
line||||||| ||Fixtures, fittings k equipment
25%straight
line||||||| ||No depreciation
has been provided
on the freehold
property
as the trustees|carried out||an impairment||review|during| ||the year and no provision
was found to be necessary.||||||| ||The gain or loss arising on the disposal ofan asset is determined
as the difference||between
the sale proceeds and the||||| ||carrying value ofthe asset, and is recognised
in net income/(expenditure)
for the year.||||||| |1/7|Fixed asset investments||||||| ||Fixed asset investments
are initially
measured
at transaction
price excluding
transaction|||costs, and are subsequently|||| ||measured
at fair value at each reporting
date. Changes
in fair vahie are recognised||in net|income/(expenditure)|||for the| ||year. Transaction
costs are expensed as incurred.||||||| |1.8|Impairment
affixed assets||||||| ||At each reporting
end date, the charity reviews
the carrying
amounts ofits|tangible assets to determine||||whether|there| ||is any indication
that those assets have suffered
an impairment
loss. If any such indication||||exists, the recoverable||| ||amount ofthe asset is estiniated
in order to determine
the extent ofthe impairment||loss (ifany).||||| |1.9|Cash and cash equivalents||||||| ||Cash and cash equivalents
include cash in hand, deposits
held at call with|banks,|other|short-term
liquid investments|||| ||with original maturities
ofthree months or less, and bank overdralts.
Bank|overdratts
are shown within borrowings
in|||||| ||current liabilities.||||||| |1.10|Financial instruments||||||| ||The charity
has elected to apply the provisions
of Section 11 'Basic Financial||Instruments'||and Section 12||'Other| ||Financial Instruments
Issues' ofFRS 102to all ofits financial instruments.||||||| ||Financial
instruments
are recognised
in the charity's
balance sheet when the charity becomes party to|||||the contractual|| ||provisions ofthe instrument.||||||| ||Financial
assets and liabilities
are offset, with the net amounts
presented
in the financial
statements,|||||when there is a|| ||legally enforceable
right to set offthe recognised
amounts
and there is an intention||to settle on||anet basis or to||realise| ||the asset and settle the liability simultaneously.||||||| ||Basicfinancial assets||||||| ||Basic financial
assets, which include
debtors
and cash and bank balances,|are initially||measured
at transaction|||price| ||including
transaction
costs and are subsequently
carried at amortised
cost|using|the effective||interest|method|unless| ||the arrangement
constitutes
a financing
transaction,
where
the transaction|is measured||at the present
value|||of the| ||future receipts discounted
at a market rate ofinterest. Financial
assets classified as receivable||||within one year||are not| ||amottised.||||||| ## ## ## ## ## ## ## ## ## ## ## |Donations||||| |---|---|---|---|---| ||||Total|Unrestricted| |||||funds| ||||2021|2020| ||||g|| |Donations|and|gifis||16,000| ## ## ## |||Unrestricted|Unrestricted| |---|---|---|---| |||funds|funds| |||2021|2020| ||||f| |Income|from listed investments|441,873|571,716| |Interest|receivable|I|| |||441,874|571,722| ## ||||Gifts and|Educational|Total|Gifts and|Educational|Total| |---|---|---|---|---|---|---|---|---| ||||relief for|support|2021|relief for|support|2020| ||||those in need|||those in need||| ||||2021|2021||2020|2020|| ||||f|f|f|f||| |Staffcosts|||92,156||92,156|85,379|9,487|94,866| |Depreciation|and impairment||3,899||3,899|3,509|390|3,899| |Holiday costs|||595||595|147,231|26,083|173,314| ||||96,650||96,650|236,119|35,960|272,079| |Grant funding|ofactivities|||||||| |(see note 6)|||264,025|29,000|293,025|264,863|33,500|298,363| |Share ofsupport costs (see||||||||| |note 7)|||22,143||22,143|22,354|2,484|24,838| |Share ofgovernance
(see note 7)||costs|9,000||9,000|8,910|990|9,900| ||||391,818|29,000|420,818|532,246|72,934|605,180| ## ## ## |6|Grants payable|Grants payable||||||||| |---|---|---|---|---|---|---|---|---|---|---| ||||||||Gifts and|Educational|Total|2020| ||||||||relief for|support||| ||||||||those in need|||| ||||||||g|8||| ||Grants to institutions:|||||||||| ||Rotherhithe|Festival||||||||2,000| ||Age UK|||||||||5,000| ||Bermondsey|Kitchen||||||||500| ||Schools and|Colleges||||||1,500|1,500|5,000| ||Tenants
and|Sheltered|Housing|Units||||||6,000| ||Social Clubs|||||||||8,200| ||Riverside Parents and||Carers Association|||||||1,500| ||Create|||||||||3,000| ||Bermondsey|Fit Club||||||||300| ||Docklands
Settlement||Community||Centre|||||2,320| ||Bermondsey|Joy Slide|||||5,000||5,000|| ||Bermondsey|Fit Club||||||||1,000| ||Breath ofLife|||||||||500| ||Docklands
Settlement||Community||Centre|||||1,000| ||||||||5,000|1,500|6,500|36,320| ||Grants to individuals||||||259,025|27,500|286,525|262,043| ||||||||264,025|29,000|293,025|298,363| |7|Support costs|||||||||| ||||Support costs|||Governance|2021|2020|Basis ofallocatioa|| |||||||costs||||| ||||||8|||||| ||Office expenses||||22,143||22,143|24,838||| ||Audit fees|||||4,500|4,500|4,750||| ||Accountancy|fees||||4,500|4,500|5,150||| |||||||'||||| ||||||22,143|9,000|31,143|34,738||| ||Analysed
between|||||||||| ||Charitable
activities||||22,143|9,000|31,143|34,738||| ## ## ## ## ## ## ## |||2021|2020| |---|---|---|---| |||Number|Number| |Administration|||| |Employment|costs|2021f|2020
f| |Wages and salaries||85,707|87,681| |Social security|costs|4,851|5,625| |Other pension|costs|1,598|1,560| |||92,156|94,866| ## ## |Tangible fix|ed assets||||| |---|---|---|---|---|---| |||Freehold land|Freehold|Fixtures, sittings|Total| |||ond buildings|improvemeats|&equipment|| ||||f||| |Cost|||||| |At 1April 2020||450,000|164,067|19,102|633,169| |At 31March|2021|450,000|164,067|19,102|633,169| |Depreciation|and impairment||||| |At 1April 2020|||132,876|19,102|151,978| |Depreciation|charged in the year||3,899||3,899| |At 31March|2021||136,775|19,102|155,877| |Carrying
amount|||||| |At 31March|2021|450,000|27,292||477,292| |At 31March|2020|450,000|31,191||481,191| ## ## ## ||||Listed|Cash in|Total| |---|---|---|---|---|---| ||||investments|portfolio|| ||Cost or valuation||||| ||At 31March 2021||13,482,158|427,021|13,909,179| ||Additions||2,351,404||2,351,404| ||Valuation
changes||2,202,757||2,202,757| ||Cash movement|||(66,299)|(66,299)| ||Disposals||(2,345,522)||(2,345,522)| ||At 31March 2021||15,690,797|360,722|16,051,519| ||Impairment||||| ||At I April 2019 ttr 31March 2020||||| ||Carrying
amount||||| ||At 31 March 2021||15,690,797|360,722|16,051,519| ||At 31 March 2020||13,482,158|427,021|13,909,179| |||||2021|2020| ||||||g| ||Investments
at fair value comprise:||||| ||Fixed interest securities|||2,338,747|2,509,543| ||Equities|||10,884,905|8,201,570| ||Property
funds|||1,403,801|1,526,804| ||Alternative
investments|||1,063,344|794,241| ||Currency cash||||450,000| ||Portfolio cash|||360,722|427,021| |||||16,051,519|13,909,179| ||The historical cost ofthe investments|at the year|end was f.13,213,919(2020:f.13,680,061).||| |12|Debtors||||| |||||2021|2020| ||Amounts
faBing due within one year:|||g|| ||Prepayments
and accrued income|||45,207|135,849| ## ## ## ## |Creditors: amounts
falling due within
one year||| |---|---|---| ||2021|2020| ||g|g| |Other creditors|468|| |Accrue)a and deferred income|25,389|24,807| ||25,857|24,807| ##