##
||||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)|(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|||||||
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||||||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|
##
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##
||||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|