2022-12-31-accounts - Hampton Parochial Charity

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			Page
Reference and Administrative Details
Report ofthe Trustees		2	to	7
Independent Examiner's Report
Statement of Financial	Activities
Balance Sheet
Notes to the Financial	Statements	11	to	22
Detailed Statement of	Financial Activities	23	to	24

	TRUSTEES	TRUSTEES	Rev D Winterburn	Rev D Winterburn	(Chairman)	Co-opted	(StJames)
			Miss B Healey	(Vice Chair)		Co-opted
			Cllr S Nicholson			Nominative	(LBRUT)
			Mr J Soones JP			Nominative	(LBRUT)
			Miss A Walker Rev S Leamy			Nominative Nominative	(All Saints) (LBRUT)
			Rev B Lovell			Co-opted	(St Mary' s)
			Dr D Wile			Co-opted
			Mrs P Williams			Co-opted
			Mrs R McCann			Nominative	(St Mary' s)
			Ms A Pietsch			Nominative	(StJames)
						(Resigned	29 November	2022)
			Rev D Williams			Co-opted	(All Saints)
	CLERK AND		Ms N Hall
HOUSING	MANAGER
PRINCIPAL ADDRESS			1A Jubilee House
			Ashley Road
			Hampton
			Middlesex
			TW12 2HX
REGISTERED		CHARITY	212061
NUMBER
REGULATOR		OF SOCIAL	A1464
HOUSING	NUMBER
INDEPENDENT		EXAMINER	James Holland-Leader		FCA
			Knox Cropper	LLP
			Chartered Accountants		and	Statutory Auditors
			65 Leadenhall	Street
			London
			EC3A 2AD
BANKERS			Barclays Bank	pic
			10Clarence Street
			Kingston upon	Thames
			Surrey
			KT1 1NY

					Housem
Metric			2022	2021	ark Scorecar	Commentary
					d
New supply			0%	0%	1.2%	The Charity has 12 Almshouses in
delivered						management. This remains as per
						the previous year, with no new
						supply of social housing or new
						su I of non-social housin .
Gearing			(13.37)%	(203)%	35.8%	The Charity has minimal borrowings
						compared to industry standard
						repayable in one year, and
						stren thened cash reserves.
EBITDA		MRI	(46.95)%	(152.85)%	181.9%	A deficit was made on the provision
						of social housing. As a charity,
						Hampton Parochial Charity
						supports its charitable objectives via
						its investment returns.
Social Housing Cost Per Unit			F6,201	66,251	64,230	The charity has done well to monitor expenditure in the year.
						Whilst expenditure overall was
						consistent with the prior year,
						Hampton Parochial Charity
						supports its charitable objectives via
						its investment returns.
Operating			21.75%	11.52 %	20.2%	As a Charity, Hampton Parochial
Margin	Overall					Charity receives slgnifiicant income
						from its investments, which
Social Housing			(7.07)%	(2555)%	22.2%	produced 634,413 in 2022, thus
Lettings		only				impacting the operating margin.
						This income also underwrites part ofthechari 'so cretin costs.
ROCE			1.71%	0.77%	2 8%	The charity usually incurs a deficit
						on social housing activities which is
						covered by income from its
						charitable endowments.
Reinvestment			0%	0%	5.7%	The almshouses are maintained to
						a decent standard, and no capital
						Improvements were required in the
						year. The trustees are satisfied that
						the properties continue to be well
						maintained.

						2022	2021
				Unrestricted	Endowment	Total	Total
			Notes	funds f	fund f	funds f	funds f.
INCOME AND ENDOWMENTS		FROM
Charitable	activities
Housing				78,201		78,201	71,187
Investment	income		2	34413		34413	32 392
Total				112014		112614	103579
EXPENDITURE ON
Charitable	activities
Housing				82,689	1,043	83,732	89,378
Charitable	Activities			4 304		4,304	2 266
Total				07,073	1,043	00 116	91 644
Net gains/(losses) on investments				~37857)	~90 278)	~136130)	159441
NET INCOME/(EXPENDITURE)				(12,316)	(99,321)	(111,637)	171,376
RECONCILIATION OF FUNDS
Total funds	brought forward			367,638	1,109,928	1,477,666	1,306,190
TOTAL FUNDS CARRIED FORWARD				3~5322	1 010,607	1 30~,920	1 477,506

				2022	2021
		Unrestricted	Endowment	Total	Total
		funds	fund	funds	funds
	Notes	5	E	6	F
FIXEDASSETS
Tangible assets	12	18,074	128,569	146,643	148,787
Investments	13	319419	002 038	1 201 407	I 331 311
		337,493	1,010,607	1,348,100	1,480,098
CURRENT ASSETS
Debtors	14	2,335		2,335	956
Cash at bank		04 084		04 804	68466
		87,219		87,219	69,422
CREDITORS
Amounts falling due within one year	15	(4,591)		(4,591)	(6,452)
NET CURRENT ASSETS		82620		82 020	62 970
TOTAL ASSETS LESSCURRENT
LIABILITIES		420,121	1,010,607	1,430,728	1,543,066
CREDITORS
Amounts falling due after more than one year 16		(64,799)		(64,799)	(65,502)
NET ASSETS		35~ 322	1 010007	I 305029	1,477 51!6
FUNDS	18
Unrestricted funds				355,322	367,638
Endowment funds				1010607	1109,928
TOTAL FUNDS				I 365 920	I 477,506

			2022 f	2021 8
Investment income			34,394	32,390
Deposit account interest			19	2
			~34 413	32 392
INCOME FROM CHARITABLE		ACTIVITIES
			2022	2021
				F
Gross maintenance Losses from voids	contributions	from residents	85,251 ~7,0007	82,800 ~11613)
			70 201	71 187

4.	GRANTS	PAYABLE	PAYABLE
										2022 f	2021 5
	Charitable	Activities								~3384	1 266
	The total grants		paid to	institutions		during	the	year was as	follows:
										2022	2021
										6
	Relief in need									~3384	1 266
5.	SUPPORT	COSTS
										Governance
							Management		Finance	costs	Totals
								8	F		F
	Housing							~16997	~7174	~2880	~27 051
	Support costs,		included	in	the above, are		as follows:
	Management
										2022	2021
											Total
										Housing 8	activities f
	Clerk's salary Pensions									18,513 369	17,695 346
	Subscriptions									542	536
	Administrative services									4,213	2227
	Recharges	ofadministrative			costs					~6640)	~5540)
										~16 997	~15 264
	Finance
										2022	2021
											Total
										Housing	activities
											F
	Loan									~7174	~7239

					2022	2021
						Total
					Housing	actiintles
Auditors'	remuneration					5,400
Independent		Examination			2,880
					~2880	~5400
AUDITORS'		REMUNERATION
					2022	2021
					5
Fees payable		to the charity's	auditors	for the audit of the charity's
financial	statements					5400

		2022 f	2021 6
Wages	and salaries	18,513	17,695
Other	pension costs	369	346
		~19 722	18041

The a	vera	ge month	ly number ofemployees during th	e year was as follows:
				2022	2021
Clerk	and	Housing	Manager	1	1

9.	COMPARATIVES FOR THE STATEMENT OF	COMPARATIVES FOR THE STATEMENT OF	FINANCIAL	ACTIVITIES
				Unrestricted	Endowment		Total
				funds	fund		funds
					E		2
	INCOME AND ENDOWMENTS	FROM
	Charitable activities
	Housing			71,187			71,187
	Investment income			32 391			32,391
	Total			103578			103,578
	EXPENDITURE ON
	Charitable activities
	Housing			83,355	6,023		89,378
	Charitable Activitites			2 266			2 266
	Total			85 621	6,023		91 644
	Net gains on investments			46,333	113108		159441
	NET INCOME			64,290	107,085		171,375
	RECONCILIATION OF FUNDS
	Total funds brought forward			303,348	1,002,843		1,306,190
	TOTAL FUNDS CARRIED FORWARD			367 638	1 109,928		1 477 566
10.	SOCIAL HOUSING ACTIVITIES
					2022		2021
							F
	Turnover from Social Housing Operating costs ofSocial Housing			78,201 ~83732)		71,187 ~89065)
	Operating surplus and surplus	on Social Housing	activities	~5537)		~77,878)

Released to Statement At 31stDecember 2022	of Financial Activities and 31st December 2021	~404 402)

TANGIBLE FIXEDASSETS
		Fixtures
	Housing	and
	properties f	fittings f	Totals F
COST
At 1 January 2022 and
31 December 2022	501,858	~33580	~535238
DEPRECIATION
At 1 January 2022 Charge for year	355,655 ~1043	30,796 ~1101	386,451 2 144
At 31 December 2022	~356698	~31897	~388595
NET BOOK VALUE
At 31 December 2022	~144 960	~1683	146,643
At 31 December 2021	148,003	2,784	148787

										Listed
										investments
										5
	MARKET VALUE
	At 1 January 2022									1,331,311
	Additions Revaluations									6,281 ~730 7300
	At 31 December 2022									1,201 457
	NET BOOK VALUE
	At 31 December 2022									1 201457
	At 31 December 2021									1 331,311
	There were no investment			assets	outside the UK.
							2022			2021
							Market		Market
							Value	Cost	Value	Cost
							F	2	F	E
	The Investments comprise the following:
	202,257 (2021:202,257)			M&G Charity			Multi
	Asset Fund Income Shares (Endowed)						178,613	87,352	184,357	87,352
	(Previously the National		Association			of
	Almshouses Common	Investment			Fund)
	1,449.35(2021:1.449.35) COIF Accumulation
	Shares (E.R.F) 38,757.7(2021:38,757.7) COIF Income 319,419							164,796	350,994	158,513
	Shares (Endowed)						703425	180174	795,960	180174
	Balance at 31 December		2022				1,201,457	432,321	1,331,311	426,579
14.	DEBTORS:AMOUNTS	FALLING			DUE		WITHIN ONE YEAR
									2022	2021
									E	F
	Other debtors								8	8
	Prepayments and accrued			income					~2327	948
									~2335	956
15.	CREDITORS: AMOUNTS			FALLING		DUE WITHIN ONE YEAR
									2022 f	2021 E
	Other creditors								~4591	~6452
16.	CREDITORS: AMOUNTS			FALLING		DUE AFTER MORE THAN		ONE YEAR
									2022	2021
									6	E
	Other creditors								~64 799	65,502

An analysis ofthe maturity of loans is given below:	2022f	2021 F
Amounts falling due within one year on demand:
Otherloans	702	631
Amounts falling between one and two years: Other loans -1-2 years	780	702
Amounts falling due between two and five years:
Other loans - 2-5 years	~2904	2,612
Amounts falling due in more than five years:
Other loans more than 5yrs by instalments	61,115	62,188

MOVEMENT	IN FUNDS
			Net
			movement	At
		At 1.1.22 f	In funds f	31.12.22 f
Unrestricted	funds
Income Funds Extraordinary Repair Fund		16,644 360,994	19,259 ~37 575)	36,903 319419
		367,638	(12,316)	366,322
Endowment	funds
Endowment	Capital	1,109,928	(99,321)	1,010,607
TOTAL FUNDS		1 477 568	~777 637)	1 365829

Net moveme	nt	in funds, includ	ed in the ab	ove are as follo	ws:
				incoming	Resources	Gains and	Movement
				resources F	expended	losses f	in funds
Unrestricted		funds
Income Funds Extraordinary Repair Fund				106,332 ~6282	(87,073)	~37857)	19,259 ~31575)
				112,614	(87,073)	(37,857)	(12,316)
Endowment		funds
Endowment	Capital				(1,043)	(98,278)	(99,321)
TOTAL FUNDS				~112614	~88 115)	~136135)	~111637)
Comparatives		for movement	In funds
					Net	Transfers
					movement	between	At
				At 1.1.21 f	In funds f	funds	31.12.21 f
Unrestricted		funds
Income Funds				80,169	12,736	(76,261)	16,644
Extraordinary		Repair Fund		223 179	51 554	76 261	350 994
				303,346	64,290		367,636
Endowment		funds
Endowment	Capital			1,002,642	107,086		1,109,928
TOTAL FUNDS				1 306,190	171,376	.	1 477 566

Comparative	net movement in funds	, included in the above	are as follows:
		Incoming	Resources	Gains and	Movement
		resources f	expended f	losses f	in funds F
Unrestricted	funds
Income Funds		98,357	(65,621)		12,736
Extraordinary	Repair Fund	5,221		46 333	51 554
		103,578	(65,621)	46,333	64,290
Endowment	funds
Endowment	Capital		(6,023)	113,108	107,086
TOTAL FUNDS		~103579	~91 644)	159,441	171376

		2022	2021f
INCOME AND ENDOWMENTS
Investment income
Investment income		34,394	32,390
Deposit account interest		19	2
		34,413	32,392
Charitable activities
Housing Activities		85,251	82,800
Losses from voids		~7050)	~11613)
		~78 201	71 187
Total Incoming resources		112,614	103,579
EXPENDITURE
Charitable activities
Rates and water		571	1,678
Insurance		1,990	1,793
Light and heat		7,396	6,400
Gardening		4,449	2,599
Property repairs and maintenance		26,723	31,149
Sundries		430	213
Resident welfare		2,113	815
Cleaning		1,296	1,188
Church maintenance		1,000	1,000
Caretaking costs		9,670	8,516
Freehold property		1,043	6,023
Depreciation of improvements Grants to institutions	to property	1,101 ~3384	1,101 1 266
		61,065	63,741
Support costs
Management
Clerk's salary		18,513	17,695
Pensions		369	346
Subscriptions		542	536
Administrative services		4,213	2,227
Recharges of administrative	costs	~6640)	~5540)
		16,997	15,264
Finance
Loan		7,174	7,239

		2022	2021
			8
Finance
Governance	costs
Auditors' remuneration Independent Examination		~2880	5,400
		~2880	5,400
Total resources	expended	~88118	91,644
Net income		~24 488	11,935