Charity No.. 212061 R￿istered Soclal Landlord No.. A1464 HAMPTON PAROCHIAL ¢HARrrY TRUSTEES. REPORT AND ACCOUNTS FOR THE YEAR ENDED 1 DECEMBER 2020 INDEX General Infornat￿n Trustees, Report Ind8p8ndent Auditorf5 Report B81anco Sheet statemènt of Financial Activities 9- 19 Notes io lh8 Accounts MHA ￿¢INTyRE HUDSON Floor 2 London Wall Pla¢& London EC2Y SAU HAMPTON PAROCHIAL CHARITY YEAR ENDED 31 DECEMBER 2020 GENERAL INFORMATION CHARITY Hamptors P8rochial1212061) TRUSTEES Rev D Winterburn (Chairman) Miss B Healey Ivlce Chairl C)Ir Q th!IphLlson Mr J Soones JP Miss A Walker Rev S Leamy Rev. 8 Lovell Dr D Wile Mrs P Williams Mr5 R Mccann Mrs A Piets¢h Co-opted (St James) Co-opted Nominative ILBRUTI Nominats"ve IAII Saints) Co-optèd Norninative IL8RUTI Co-opted 1st Marysl Co-opied Cwpted IAII Sainlsl Nominalbve (St M8rysI NominatNe (St J¥me$l CLERK N Hall 1A Jubilee House Ash18y Road Hampton Middlesex TW12 2JA HOUSING MANAGER N Hall BANKERS Barclays Bank plc 10 Clarence Stroet Kingston upon Thamès Surr•y KT1 1NY AUDITOR MHA Maolntyie Hudson 6th Floor 2 London Wall Mace London EC2Y SAU ALMSHOUSE ACCOMMODATION Jubilee House Ashley Road Hampton Middlesex TW12 2JA HOUSING ASSOCIATION NUMBER A1464 HAMPTON PAROCHIAL CHARrrY YEAR ENDED 31 DECEMBER 2020 TRUSTEES. REPORT The Trustees present thèir reFxJrt aThJ acrAiunts for the year 8nded 31 Dècemb8r 2020. The details of the charity can bo found on Pagè 1 of Ih8se accoursts. OBJECTIVES AND ACTIVITIES Th6 main object of the Parod)ial Charity is to provKle almshousès accx)mmodalion lor poor persons of goo(1 character who {except in sp8cial cas8S to be approved by the Charity Commissioners) 8r8 resident in th8 arèa ol benefit ol the former Civil Parish and Urban Distrid ol Hampton as constitut9d on th8 27th January 1933. Undv-i the stheme 013 November 1977 laa ¥ariR5V subseiJuènUyl the Trusteès are 6mpov¥v-,6d to apply inco*0 in the m81ntenanc8 and running olthe almshousè property and in th6 administration of tha Charty and to 88tablish and tnaintain a reserve fund for maintenance. The Truslees are required to.. Maintain an Extraordinary Repair Fund., Defray cost ol keeping in repair kne memorial to Willlam Cole in tho parish chufch tsf St. Mary thè Virgin., Pay the following yearly sijms to the respective Church Wardens for maintaining, repairing and insuring Ihe parish churches of.. St Mary the Virgin, H8mpton St Jarnes. Hampton Hill AJI Saints. Harnpton 500 250 250 1.000 livl Defray grant8 to one or both of thè following.. Relief in need- up to £3,500 per annum The Hampton War Memorial Charity- up lo £2SO per annum Subject to the forègoing payments, the income is to be applied for the benefit of the alms people. For the purposes of almshousè accornmodation. the Charity is also a registered housin9 asswi*ion. The management of the Charity 15 carried out by the Clerk. Ms Nicola Hall, who is also the Housing Manager. The gre8t8r part ol the administrBtion is concerned with the almshouse accommodation at Jubilee House. built in 19B5 to provide twelve 8lmshouse flats. The Trustees meet 8t quarterly inlervals and tte Building, Finance and Appoinlments Committees meet periodically during the year. The twslees undertake induct￿n training as a trusiee appo¢ntrnent and lurther trustee training as reouire(S. STRUCTURE. MANAGEMENT AND GOVERNANCE The Charity is administ8rèd. under a scheme d8ted 3 November 1977, by a rnaximum of ￿e1ve Trustees, comprising.. lal Six Norninative Trustees appointed for 8 tem of four years as fdlows.. Thr8è by the Council of the London Borough of Richmond Upon Tham85, who shall be p8rsons who through residen¢e. occupation or employm8nt. or otherwise, have special kno￿edge of Ihe area ol benefit. One by the PCC of St. Mary the Virgin. Hampton. One by the PCC of Sl. James, Hampton Hill. On8 by lh¢ PCC of Saints, Hampton. HAMPTON PAROCHIAL CHARir YEAR ENDED 31 DECEMBER 2020 TRUSTEES. REPORT IContlnu•dl STRUCTURE, MANAGEMENT AND GOVERNANCE ICONTINUEDI Ibl Six C4>0pled Trustees, appointed for a temi ol Ive years. Investment Powors are detèrmined by the Truste8 Act 2000. This is a priftcipal Charity and embraces the Charities of The Parochial Quitrents. Mary Gavell, Jthn Tumer. Cyrus Matgre. Willrdm co￿, Eva Maria Garr￿ and John Jones. RISK MANAGEMENT Th8 Trustees have id8ntified and assessed the primary areas gf risk. Such system5 and procedures ès are practicable are in Pla￿ to manage these risks with areas of risk being 5uble¢t to annual review. ACTIVITIES DURING 2020 Ten fl*s were occupied the whole ofthe ye8r. one lat was vacantfor Ihewhole year8nd one flalwas oceupled for half of thè year. The tfustees explored ways of identifying people ir% need so that grants could ￿ mad8 in line with the Chartty's objectives. Financial assistance was given to 512019.. 51 deserving applicants in the year totalllng £2,35812019: £3,629}. FINANCIAL REVIEW The accounts have bgèn prepared in accordance with the Statemènt ol R8commendèd Practice for Re9iStered Social Housing Providers (the SORPI. As disclosed in the Statement of Financial Activities on page 8 the surplus on tot81 activities for the year before gains 8nd10ss8$ on inv8stments was t11412019 deficiL £11.8711. Investment income 8nd deposit intoresl was £27,19812019'. £26.8181. Tha 'houssng surplus", or surplus ol rènts against almshouse oper8ting costs 8nd associaled interest Paya￿8, amounted tr1 8 defKit of £10,93812019.. defiat of £21,197). Th8 Endowed Capital Fund as at 31 December 2020 was £1.002.84112019'. £984,219). The Extraordinary Repatr Fund as at 31 December 2020 was £223,17912019'. £196,486). The Inconie Fund as at 31 December 2020 was £80,16912019: £70.367}. RESERVES POLICY The Trust08s' reserves policy takes into account lh8 lact that sorne funds are endowgd or designated for specific purpos8s. In th8 case of unr8Stricted funds, the Ttustees s•ek to Maintain 98n8ral reserv85 whth will support the ongoing aims of tha Charity and allow il to OP8rale on a going concern basis. INVESTMENT POLICY Funds are invested in such a manner as thè Trusiees think frt in order to Provide an appropriate and balanced )rtfolio trking into account tre requirèments of IhÈ law relatiro to the investment of charitable monies, and the investment policy of the Charty. HAMPTON PAROCHIAL CHARITY YEAR ENDED 31 DECEMBER 2020 TRUSTEES. REPORT Iconllnuodl PUBLIC BENEFIT We have referred to ihe Charity Commission's general gutdance on public benefit when reviewing our aims and objectives and activities. The public bènefit of t¥ie Charity is in providing safe and cornfortable almshouse 'I0se in need as described in the scherne and giving grants to those in need. Whi15t many Df a￿coll1m0dOIl0* lor i. thg activilies are local in nature. the Trustees do not consider this lo be an unreasonable gaographic restriction and ihose in n8•d are not exdud8d from benefit. FUTURE PLANS The Trustees intend to continue their Current actwit18s in maintsining the almshouse accommodation through Ihe Parochial Charity. The ongoing refLJrbishmeni of premises continues, in accordance with the aim of improving the servi¢e to tenants and future plans will involve an ongoiTVJ review and implementation of anyworks cor15idered necessary. STATEMENT OF TRUSTEES. RESPONSIBILITIES The truste8s are rèsponsible for prepartng the Trustees, Annual Report and the financial statements in accordance with applirable law, United Kingdom Accountin9 Standards (Unitad Ktngdom Generally Accepted Accounting Practice) and registered social housing legislation. The law appI￿a￿le10 charities and ￿giStered social landlords in England & Wales requlres the trusts8S to preparè financial staternents for each financial year which give a true and fair view of th8 Stale of affasrs of the ch8rity and of the inwming resources and appliration of resources of the charity for that period. In preparing these financial statemènts, the truste85 are requirèd to.. . $el8ct suitaNe accounting pdiaes and then apply them consislenly. . observg the methods and principles in the Charities SORP IFRS 1021., . fflake judgements 8nd eslimales thal are feasonable and prudenl,. state whether applicable accounting $t8ndards have been followgd, subject to any material departures disclosed 8lld explain8d in the financial statements". •prepaTe the fjJ)anciBI stalemenls OJ) Ihg gDin9 mncgFn bB3iq uJ)Je33 It In3pp.ropriate to presume that tha charity will conlinu8 in operation. The trustees are r8sponsibl8 for keeping proper accounting records that disclos8 with reasonable aecuracy at any time the financial posi11￿ of the charity and enable them to ensure that the financial statements cornply with the Ctr,2ry1ies Apl 2011, the Charity (Accounts ap.A Qrt In this regarrj. Matter8 on whl¢h w8 arg roqulred to roport by exceptlon We have noknng to rewjrt In re5pe¢i of the fdlowng matters where the ISA8 IUKI requlr8 U5 to reportto you if, in our oynion.. the 8$$￿￿800n has nDt k8pI proper b(K)ks of account, and not maintained 8 satsf8Gtory tystem of rxjnlrd over ts transacb'ons, in accordance wth the requirements of le9lsKatsn; Independtrnt AudltoVs Report ¢9 the Board of Ptampton Parochial CharSty lh8 revenue account. any other accounts to whith our r8POrt relaies, ar￿ the balance sheetare not in agreement ￿t￿ the 0Ssocialw5 books of account.. or WÈ have not obt81ned all Info￿titi￿ and eyol?nat￿ns necessary for the purp050s ouraudit Rekpon$lbilitie* of the l)oard As &Xp￿￿￿e￿ more fvHy in lh8 board's rèsponsibilit￿$ statement $81 oulon page 4. the boaid is responsible forthe preparation of th financi* statement5 and for being Sa￿sfied Ihal they giva a and fair view. and for such iniema control 85 it dèlerniines is neces$8ry to enable th8 preparats.on of financial 5ts1emenls thal are from mat8￿1 Tni55tatament, wtt8lh8r due lo fraud or effor. In preparing ffte financid statements, the board is resronsible for assessin9 the a$sociaUtM's ability to Gonlinue a5 a goiTrJ concern, disclosing, as 8pplicable. mattets télateé to going concern using th8 going concem basis of accounting unle55 the board élther intends io liqu￿ale the asstKiation ￿ to ceas8 operalion8, or has no realisbc alr8mative but to do $0. AudltoV8 Te¥POn8lbllltl•s for thg audlt of the ffinanclal 8tthm8Trts Ovr objectiv88 are 10 obtain r&a8Mable assurance abovl whether the fin8nc181 sl?tem8n18 e5 a whob are fre8 from m8lerio1 miss¢atdm8nl. whether du8 to fraud or Brrof, dno fd issué an authtor's r8port (hat Inell￿e$ OLlf OPiMityI. R8abonabl8 a$s￿rance ig a high level of assurance. but is not a gu8rant88 Ihai an audit Gonducled In accordance wlh ISA5 IUKI will always ¢etert a material tnisstsl8rneni whon it e￿$ts. Mi$5t8t8men15 Gaft arise from fraud or error and ar8 conwdered materi81 if. individually or in th8 a99reg8te. they Could réasonably be expected to infiuence th8 ewnomic decisions of users taken on the basis of these finarti st81ements. Irregularities, induding ￿Ud. a￿ instance5 of non-compliance with laws and regulat￿ns. design proc8Llu￿s Sn line with our sponsibiliU8s. ouUin8d above. lo detect rnat8ria missiat8ments in réspect of irregularilie5. induding ftaud. The extent to whlch our procedure8 are (apa￿e of detecting iffegularitpes. ir￿lUding fraud 1$ detsiled below.. Enquiry of management around actu81 and polents31 litigations 8nd daims.. tnquiry oi enlify staff 10 iaentity any Instantss N non4omFrfia￿￿ law5 and f8gL4atiDns'. Porforffling audit wort over th8 risk of m8nagém8nt overrid8 ofewtrels, Induding t￿￿"n9 oljoumal gnth88 and othèr a¢juslments for approprialene$s'. R&viewing minutes of meetings ofihose charged wlh govemance.. Reviewing financial slaieTnenl8 d18dosures and iestiry to supportirvJ dowmfyntatk)n to assess cornpliance with op￿1¢able laws and ryulatton.s. Becauso of the inheronl limitations of an a￿lt. there is o Ask Ih8t wè wll not dÈt&ct 811 Irreyu18ri1ies. induding thos& leading 10 matenal mi5Statement in th& finanual sialements or non-compliance %*ith regulation. This risk increases the tnor& that comViance with a law or regulation 18 removed from the events and transact￿n$ refiect&d In the financial ststéments. as wt bp less likely to ecome èw8re of In$iances ol Mon￿￿￿￿1anGe. The nsk Is also greater re9ardin9 IrrÈgulanl￿s o¢currin9 due to fraud rather Iha arroF. a$ fraud invdves intentswal canc881menl. forgery. collu$ion, omission misrepr95ental A fitsr￿8r d88￿p*"I)n of our responsi￿litIeS is availdtA8 on the Finanaal Rer¢)rting Coun¢il's website ai". https.'Ilwww.frc.org vklOur- WorkJAudiVAudit-and-a88uranréiStandard5-and-guidancelStaNJards-and%uidanctrfoi-audilorslAuditors-respDn$ibililie$-f0[- audiUD¥scnpbon-of-aJdilors-r85ptr)sibilities-for-audit.aspx. This description forn$ part of our auditor's report Us6 of +Jur r8POrt This report is Made $oldytothe awkgtion'5 members, as a body, in8CCOrtlan¢8 with Part4 oflh8 ChaAlias IAccThJnls and ResK)rtsl Re9ulatsons 2008 and SÉction 137 ollhs Housing and Rageneral￿ Act 2008. Our auditwork has been undertaken so ihal we might stale lo the asswalion's mèmbers Iho$e ¥natters we are required lo State lo them in an auditor's report and forno other purpose. To th& fullest extsnt permttted by law. we do not accapt or a88ume rgsponsiknlliy to anyone other than th& •550Gk8tion and Ihè association s m8mber5 a$ a body. for our 8udil wort. for Ihis report. or for the opinions wa have forniad. ￿Akn.￿ fcA MHA MACINTYRE HUDSON 6th Floor 2 London Wall Place London EC2Y SAU Date.. tatut uditor 30 July 2021 HAMPTON PAROCHIAL CHARITY BALANCE SHEET AT 31 DECEM8ER 2020 2020 201 XED ASSETS Freehold property and contents Icost lass depre¢iath)nl 155,911 150.699 Inv8slmtrnls 1.166,648 1.111,645 1.322,559 1,262.344 CURRENT ASSETS Debtors Cash 81 bank- incomè funds 829 57.756 63.178 58.585 64,079 Less: Creditors.. amounts falling due within one year 18.8221 18,6501 NET CURRENT ASSETS 49,763 55,429 TOTAL AsseTS LESS CURREKf UA8ILmES CREDITORS.. amounts falling due after more than one year 166.1331 166,7011 NET ASSETS 1,306,189 1,251,072 CAPITAL AND RESERVES Charitabl8 funds". Endowed Capit81 Fund Unrestrict8d Extraordinary Repair Fun¢J Unrestricted Income Funds 1,002.841 223,179 80,169 984,219 196.486 70,367 Total Charity lun(ts 1.306,189 1,251,072 Approved and outhorised for issue by the Tnjstees on. Interbum (Chairmanj The r¢otès fom part of the financk*l ststements HAMPTON PAROCHIAL CHARITY YEAR ENDED 31 DECEMBER 2020 STATEMENT OF FINANCIAL ACTIVITIES Notes Unrestricted Unrestricted xtraordina Re air Fund Endow d 2020 2019 Fund Incomo and gndowmènts from: Lettings income Invesiment income 65,775 27,198 65,775 27.198 67.747 26,818 Total Income #nd ondowm•nts 92,973 92.973 94,565 Expenditur• on.. Ch8rrtable actwities Housing association 13.6381 172.2371 13,6381 14.9091 181,9251 194,1811 9&11 19,6881 Interest payable and Similar charge$ 19 17,2961 17,2961 {7.3461 Total expenditure 183.1711 19.6881 192.8591 1106,4361 N•t Incom•1 lexpenditurel 9.802 19.6881 114 111,8711 N8t galnsl Ilossesl on investm8nts 26,693 28.310 55.003 169,842 Net movèment In funds 9,802 26,693 18.622 55.117 157,971 Reconcillalion of fund$= Total funds brought forward 70.367 196.486 984.219 1,251,072 1.093,101 Total fvnds carried forward 80,169 223.179 1,002,841 1,306,189 1,251,072 The results relate wholly to cOn￿"nuing 8Ctivities. Tha statement of financial activities indudes all gains aThJ losses fecognised during the year. Tho notes form part of the financ4al statements. HAMPTON PAROCHIAL CHARITY YEAR ENDED 31 DECEMBER2020 NOTES TO THE ACCOUNTS 1. ACCOUNTING POLICIES al Fomat and basis of account'ng Hampton Parochi81 Charity is a eharity constituted under8 trusl deed and r8gi5tèred as a eharitywilh tre Charity Commission ol England 8nd Wales. The address of the registered office Is given on Pa9e 1. These accounts are prepared underthe historical cost convenbon, excapt in the case ol inv8sknent5 wh8r8 th? maTk8l value has been adopt8d as de18il6d in note 3. Thé lomal 1$ based on the Housin9 Corporation's recornmended fomi of published accounts for housin9 associations and complies wrth the Accounting D1￿Ction for Pdvate Registered Provtders ol Soci81 Housing 2019 and with the Stst$rnent ol R￿0MMended Practice for Social Housing Providers. The charity constrtutes a puNic benefit entity as defined by FRS 102. Th¢ flnancial stalem8nts have been prepared in accordance wrth Accounting and Reporting by Chariti8s.' Statement ol Recornmended Pra¢lice appli&3ble to charities preparing their accounts in aGcordan¢e with the Financial Reporting Stsndard applicable in the UK and R8public of Ireland IFRS 1021, the Financial Reporting Standard applicable in the United Kingdom and RepublTrc or Ireland IFRS 1021, tho Charities Act 2011 and UK Generally Accepted Practice. The a1rn5house properties of the Parochial Charity were redeveloped in 1985 under 8 scheme approved by the Housing Corporation. A Social Housing Grant was made and a mortgage loan advanced by The Housing Corporation. The financial statements are prepared in sterfing whth is the fiJnctK)n81 cyjr￿ncY of the charity and rounded to the nearesl £1. Th8 signifioant accounting policie8 applied In thé P￿paratIon of these financial statemen15 are set out bdow. These polictes hava been consistanty applied to all years present8d unless othen¥i5e staled. There We￿ no Significant judgements or sources of èstlmation uncertainty that had a significant effect on amounts recognised in the financial stalernents. bl Fix8d assets- housing propèrties and contènts The almshouse properties ar8 slated at the cost of the redevelopmenl in 1985 and include development expenditure. int•rest chargèd on the mortgage loans and capii8lisè(l. No valua is includad In respect of the land which formed part of tha original endi)wment of thè Charrty. Contents additions wth an individual value over £2,500 are rapitallsed with items bgbw this amount being written off to the ineome and 8xp8nditure account. HAMPTON PAROCHIAL CHARITY YEAR ENDED 31 DECEM8ER 2020 NOTESTO fHEACCOUNTS 1. ACCOUNTING POUCIES cl Fixèd asset investments The Trustees, policy is to revalu8 115ted investrnents at mid market valu8 al the balance sheet date and to transfer any unrealised gAins to an Investment Revaluatson Reserve forming part ol the endowed capital funds. note 8. dl Financial Irstnjrnents Financial instruments are dassified and accountèd for. accordlng to tha substance ol tre contractual arrangemenl. as financial assets, financial liabilities or equity instrum8nts. An equity instrument is any contract that evidences a residual interest in the assets of the ￿MpanY after deducting all of its liabilities. With the exception of fixed assets investments, the ettarlty only has financial assets and financial liabilities of a kind that qualify as basic financial snstruments. Basic financial inslruments arg initially measured at transaction value and subsequenly measured at their s8tUement value. el Charitable funds The charitable funds were ¢re8ted from the Investments ¢omprised in thè original endowments of the Charty together wilh further dc¢nations and accumulated interèst and gains thereon. B Depreciation- Housing land and buildings and cont8llts Depreciation is provided on all tangible fixed assets. at rates calculated to write off the cost, less estimated residual valug. of aach asset on a sy5tamatio basis over Ils expected useful lifè as follows.. Housing Properties- 50 years Straight line Land- Nol d8preciated Contentg- 20% straight Ilne 91 Taxation The Income and gains of Hampton Paro¢hial Charity are exernpl from taxation. The Charity is also exemplfrom Value Added Tax. Con5￿UentIy, any Value Added Tax paid fom15 part ol the expenditure to which il rel8les. h) Gr8ftts payable Grants made af6 accounted for whèn payable. il Reserv85 nated ￿$ rves Designaled reseN8s form part of unrestricted reserves which have been earmarked by the Trustees for a particular purpose. Such designatitsns may be reversed by future Trustees, de¢isions. Expenditur8 cannot be dirgcily set against d@svJnated reseNes, but 15 taken to the incorne and gxpenditurs account. A Iransfor ￿ then m8de from designated reseThes as appropriate. 2. Social Housi Grant The charity receNed a Social Housing Granl in respect of the almshouse. This is reflecled in rèserves in the endowed capital fijnd and is 8mortised over its useful life. 10 HAMPTON PAROCHIAL CHARITY YEAR ENDED 31 DECEMBER 2020 NOTES TO THE ACCOUNTS Icontlnuedl I. ACCOUNTING POLICIES l¢ontinu8dl 3. Endowed Ca 'lal Fund Harnpton Parochi81 Charity received the almshouse and the land on which it is built as an endowment. Thes8 Assets are hèld in the Endowed Capital Fund, thère is no value Induded in the balance shoet in respect of the land which formed part ofthe onginal endowment ofthg charity. Tbe almshouse property, and subs8quent cost5 of redeve1oF￿ent and the interest on related loan5 Are reflected in the balance sheet. These are depreciated ov6r the estimated useful e¢onornic life of the as86ts, with depreciation charg8d through the endowed capitsl lund by a reduction of the Social Housing Grant. tricted Rese Unrestrict8d ￿serveS are general funds available for use at the discr8tM)n of the Trusiees in furtheranc8 of the general objectives of the charty- Il Incoming resources All vduntary income is included ir+ incorne on recglpt. èxeept wherg thè donor requires the sum to be invested lo provide income for the Charity's Pufposes, in which case it is tr8ated as an endtswment. Donations under gift logèther with the associated incomtr tax recovery are recognisèd as income whèn tho donation is received. 11111 Legacy income is recognised when the charity is entiued to the incotna, with entitrèment beiro the eartler of the chaTity being notrf18d of an impending distribution Of the le9a¢ies being received. livl Grants receivablè ore credited to ineome IM￿￿￿181*1y. Rents are recognised on the basis of arnounts receivable in the year. Ivil Rents received in advancè ar• included 85 deferred income in credilors. Iv) kl Resources exp8nd8d Direct expenditure 1$ allocated lo Ihe relevant activity. Central expendilure is allocated on the basis of use of resource by the relavanl activities. liiil Irrecoverable VAT is charged against the expenditure for which It was incurred. 11 Going concern Havlng reviewed thè financial posiLion of the charity. the trusteès have reasonable oxpectation that the char¢ty has adequatè resources to continESe its activities lorthe foreseeable futur8 and have adopted the g￿ng concem basis. HAMPTON PAROCHIAL CHARITY YEAR ENDED 31 DECEMBER 2020 NOTES TO THE ACCOUNTS Icontlnu¢dl 2. HOUSING, LAND AND BUILDINGS Houssn Pro rtie Conlents Total 2020 2019 Freehold Propety and contents Ctssl at beginning of year Expenditure - Boilers purch&sed in th& year 4e4.402 33,580 17.256 517.982 17,256 512,475 5.507 Cost St end of ye8r 464,402 50,836 535.238 517,982 Dgpreaation At b8ginning of year Provided during year 339,081 9.688 28,202 2.356 367,283 12,044 356,680 10.603 At et)d of year 348,769 30,558 379.327 367,283 N8t book value At 310eoember 2020 135.633 20,278 155,911 150.699 3. FIXED ASSET INVESTMENTS 2020 2019 Acquisition Market Acquisition Valuè Markét Val HAMPTON PARISH LANDS ENQOWED CAPITAL 38,757.70 C.O.l.F. Income shares 202.257 N.A.A.C.l.F. Income shares 180,174 87,352 698,080 169,127 180,174 87.352 658,118 182,780 267,526 867.208 267,526 838,898 EXTRAORDINARY REPAIR FUND IERFI 1,449.35 C.O.l.F.Accumulation shares 51,777 299.440 51,777 272.747 TOTAL VALUES 319,303 1,166.648 319,303 1,111.645 The movernents in the year w9re: Endowad Capital ERF Endowed Capital ERF Opening valuation (Decreaselllncrease in market value 838,897 28.311 272,747 26.693 717,588 121,309 224,214 48.533 Closing valuation 867,208 299,440 838,897 272,747 12 HAMPTON PAROCHIAL CHARITY YEAR ENDED 31 DECEMBER 2020 NOTESTOTHE ACCOUNTS l¢ontinuod' 019 4. CARETAKING COSTS Caretakerfs costs 8.809 8.711 S. DÉBTORS 2020 2019 Amounts falling aue within one year.. Prepaymenis 829 901 829 901 CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2019 Mortgage ban (note 71 Other ¢reditOTS and a¢¢ru8ls 567 8,25S 510 8.140 8,822 8,650 7. CRELIITORS AMOUNTS FALLIIIG DUE AFTÈR MORE THAN ONE YEAR 202 MORTGAGE LOAN Total Balancè repayalJ8 66,7C( 67,211 Du9 Wlthin year 15671 15101 Estimated Mortg8ge Loan rep8yabl8 after one year 66,733 66,701 FALLING DUE.. Within two to fivg years 2.982 2.682 After five years 63.151 64.019 66.133 66.701 The loan was advanced on 1 Octobar 1985 by The Housing Corporation on mortgage. secured by a chargg on th• Charity'5 housing land arKI buildings. By an assignment dated 26 March 1997 The Housing Corporation assigned the Chanty's loan to First Orchard 8rook Limiled and subsequently to Nalwest. The loan is repayable over 60 years by equal half-ytsarly Instalm8nts 01 £3,903. cornbining principal and interest Interest IS P8yab1e at a rate of 10.875°h per 8nnum. The last instalment falls to be repaid in 2045. 13 HAMPTON PAROCHIAL CHARITY YEAR ENDED 310ecEMBeR 2020 NOTES TO THE ACCOUNTS l¢ontinu•dl 8. CHARITABLE FUNDS 2020 2019 ENDOWED CAPITAL FUND Hampton Parochkal.. Total Endowed Capital luriginal costl Investment Revaluatlon Reserv8 267.526 599,682 267,526 571.372 Endowed C8pllal Funds IMad(81 value) N8V of Social Housing Grant 867.208 135.633 838,898 145,321 Total Endowed C3pltal Funds 1.002,841 984,219 9. RESERVES 2019 Extra- Ordinary Repair Fund Extf2- Ordinary Repair Fund Unrestricted Funds: Income Fun Income Funds At 1 January 2020 Retainèd Surplus Ilossl for year IncreaselldecTeasel in valuab.on ol relat8d assets 70.367 9,802 196,486 72,550 12.1831 147,953 26.693 48.533 At 31 Decembèr 2020 80,169 223.179 70,367 196,486 R8stricted Funds.. Endowed Capilal Fund5 Endowed C8piièl unds At 1 J8nuary 2020 t(8i8inea Surplus jiossj Tof year Increaselldtrcreasel in v81uation ol relaied asseis 984,219 IS,D881 28.310 872,598 121,309 At 31 Decernb8r 2020 1.002,841 984.219 10. SUMhlARY OF NET ASSETS BY FUNDS Un￿Stricted Ful￿$ EndowèGI.. Designated Extraordinary r Fund Total Fixed assets Current asset8 Current liabilities Long term liablities 96,539 58,585 18.8221 166,1331 223.179 1,002,841 1.322.559 58.585 18,8221 166.1331 80,169 223,179 1,￿2.841 1,306.189 14 HAMPTON PAROCHIAL CHARITY YEAR ENDED 31 DECEMBER 2020 NOTES TO THE ACCOUNTS {cor.'Jnu•dl 11. INCOME. OPERATING COSTS ANO OPERAT114G SURPLUS 2020 oper8ts.ng Surplusl deficit Oparaliro Costs Income INCOME AND EXpEND￿uRE FROM LETTINGS Housing Accommodation {see below} 65,775 172.2371 16,4621 OTHER INCOME AND EXPENDITURE Inlerest Payable Investment Incofne Charitable AetivilEs 17.2961 17.2961 27,198 13,6381 27,198 13,6381 TOTAL 92,973 183,1711 9,802 019 Operating burplusi Op8raling INCOME AND EXPENDITURE FROM LETTINGS Housing A¢commod3tion Isee below) 67,747 184,4931 116,7481 OTHER INCOME AND EXPENDITURE Interest Pay8￿6 Investment Income Charitable Activit¢es 17,3461 17,3461 26.818 14.9091 26,818 14,9091 TOTAL 94.565 196,7481 12.1831 Seg note 13 for a delailed analysls of the incorne and expanditure trom lettings, note 14 lor a dètalled analysi5 of ncome and expenditure on charitabl8 adivities. and not8 15 for a detailed analysis of operating costs. The key managetrent personnel ol the chafity 8rè the trLtstees. The trustees received nts remuneration in the year12019.' n411 and no trusiee exptnsas were paid12019'. nill. There wa5 1 eM￿oyee in Ihe year 12019'.11. Total staff costs amounted to £17,12012019.. £17,166). No ern￿oYeeS feceived more than £60,000 from 8mpknyment with thg charity. 12. RELATED PARnES AJI the trustees of the charily are also trustees of Harnptofi War Memorial Charity. Hampion Parcthial Charity provlded a gr&nt of £250 to thè charity in the year12019. £2501. Rev B Lovell and Rev D winte￿Urn are tnjstees ol the charity and also trustees of St Mary the Virgin Hampton and St James Hampton Hill r8SP8Ctively. Hampton P8wochial Charity paid grants to these parish churches in the year as delailed on page 2 of the ac¢ovnts. AJI grants were paid und8r the object5 of the charity. No balances were outstanding 8t 31 Dec8rnb$r 202012019.. Non¢l. 15 HAMPTON PAROCHIAL CHARITY YEAR ENDEO 31 DECEMBER 2020 NOTES TO THE ACCOUNTS 13. INCOME AND EXPENDITURE FROM LE￿ING INCOME Maintgnance charges rec*ivable 65,775 67.747 Dlrect expenditura-. Repairs 8nd maintenance Boiler repairs Insurance Caretaking costs Cleaning Heating and lighting Sundries Gardening Enlert8ining Subscriptign8 22,614 32,692 1,929 8,809 1,272 9,671 2,208 8.711 1,200 9,479 1,034 3,457 685 220 1.750 488 450 47,017 59,686 (Deficity surplus of incorne over allocated expanditL¢re 18.758 8,061 Central expenditure. Administrats'on services Recharges of administrative costs Clerks salary Audit and accountancy Legal and professional Inieresl 8ttributable lo housing accommodation payable on loan by Natwesl Housing Cor￿ratIOn Depreciation of contents 3,6Z5 15,3401 15,408 6.350 15.0681 15,449 7,303 7.296 2.357 7,346 915 29,696 29,258 SurplusllDefieitl ol operabng in(x)me over expendrturè 110.9381 121.1971 SvrplusllDeficitl for the year Transler Irtsm charitable funds Ipage 17) Balanc8 brought lotward 110,9381 10.938 121.197} 21,197 Balance tsThied forward 16 HAMPTON PARoCH￿L CHARITY YEAR ENDED 31 DECEMBER 2020 NOTES TO THE ACCOUNTS Icontlnuedl 14. INCOME AND EXPENDITURE FROM CHARITABLE ACTIVITIES 2020 201 Incom• and Expgrhditur• Incoming Rèsources.. Fundraising Activities.. Investment income Bank depcisit income 27,174 24 26,776 42 Total incoming resources 27,198 26.818 Resourc85 Expgnded.. u1￿1 ch8rifatsie expenoiiure Grants (note 151 Govgrnanctr Costs 3,638 2.820 4,909 2.895 Total rest)urces exp8n(letJ 6,45e 7,804 Net Incoming resource$ for the year 20,740 19.014 Less". Transfe¥ lo Almshousa Fund Ipage 161 110,9381 121,1971 Retained Surpiuslldeficiencyl for the year 9.802 12.183} Opening balance brought fO￿ard 70.367 72,550 Closing balanee carried forward 80,169 70,367 17 HAMPTON PAROCHIAL CHARITY YEAR ENDED 31 DECEMBER 2020 NOTES TO THE ACCOUNTS 15. OPERATING COSTS Housin Ch8rilabl& 2020 Total 2019 Man ns8S'. Repairs and maintenance Boilèr repairs Insurance Caretaking costs Cleaning Heating And lighting Sundries Gardening Audit and accountancy Adrninistrative services Recharges ol admini$tratlV8 Costs Clerks salary subsuipb.ons Entertaining 22,614 22.614 32,692 1,929 8,8cg 1.272 9,671 1.929 2.208 8,711 1,200 9.479 1,034 3.457 8.114 3,680 15,0681 17,166 220 685 1.272 9,671 1,750 6,350 3,625 15,3401 15,408 450 488 1,750 7,056 4,027 15.3401 17,120 450 488 706 402 1,712 67.060 2,820 69,880 83,578 Interest on Mortgage Loan Oepr8Ci8b'on oi conienTS 7,296 2,35T 7,296 2,35T 7.346 915 9,653 9,653 8,261 iii) Charitsbl A Nities-. Grants paid (note 161 Church maintenance Royal British Legion 2.608 1,000 30 2,608 1,000 30 3.879 1,000 3.638 3,638 4.909 Total 76.713 6,458 83,171 96,748 The audit 8nd aceountancy expenses above includ& £S,64512019'. £6,491) for audit and £1,411 12019.. £1,623) for accountancy induding VAT. The charity ￿nsiderS its key management as being the trustees. who recei￿ no remuneration or expen88S. 16. GRANTS 2020 2019 Raliaf In need H8mpttsn War Memorial Charsty 2,358 250 3,629 250 2,608 3,879 18 HAMPTON PAROCHIAL CHARrrY YEAR ENDED 31 DECEM8ER2020 NOTES TO THE ACCOUNTS (Contin￿￿1 17. UNITSIBEDSPACES 2020 2019 Under management at end of year Housing Accommodation 12 12 18. SURPLUS FOR THE YEAR 201 Is stated after charglng.. Auditor's remuneratioft linclusive of VATI In lJ)*ir c3p8¢ity as auditor8 5,645 6,491 19. INTEREST PAYABLE AND SIMILAR CHARGES 2020 2019 On rnortgage loan 7,296 7,346 20. TAXATION STATUS The Charity has ch8r>lable status over its activities. The Trustees know of no circumstances which will affect this taxation ststus in the fvturè. 21. SOCIAL HOUSING GRANT The soaal housing grant roleased in lina with the depreciation of the property. Grant Incorne 9.688 9,688 22. FINANCIAL INSTRUMENTS Instruments measur8d at fair valu8 through profrt lx loss 2019 Fixed assefs investments 1,186,648 1,711,645 19