|TRUSTEES|A E Demby|- Chairman|- Chairman| |---|---|---|---| ||S M Brown||| ||R H Dowler||| ||Mrs EA Fearn||| ||Mrs A M Khan||| ||A G Saunders
jCStiller||| |PRINCIPAL ADDRESS|59Church|Road|| ||Richmond||| ||Surrey||| ||TW10 6LX||| |REGISTERED CHARITY NUMBER|212770||| |AUDITORS|Kreston Reeves||LLP| ||2~ Boor,||| ||168Shoreditch||High Street| ||London||| ||E16RA||| |SOLICITORS|Moore Barlow LLP||| ||2The Green||| ||Richmond||| ||Surrey||| ||TW9 1PL||| |BANKERS|Lloyds Bank|pic|| ||19-20The Quadrant||| ||Richmond||| ||Surrey||| ||TW9 1BP||| |PROPERTY MANAGERS|HML LAM Ltd||| ||9-11The Quadrant||| ||Richmond||| ||Surrey||| ||TW9 1BP||| ## ## ## |1)Make the following
fixed annual
appropriations
amo|unting
in tot| |---|---| |Richmond
Parish Church|6700| |The Vicarage ofthe Parish Church of Richmond|f100| |Stjohn the Divine Church,
Richmond|f200| |Holy Trinity Church,
Richmond|f100| |St Matthias
Church,
Richmond|f100| ## ## ## ## ## ## ## ## ## ## ## |The major risks|The major risks|The major risks|to which|the Charity|is|exposed, as identified
by the Trustees,
have been reviewed as part ofan annual|exposed, as identified
by the Trustees,
have been reviewed as part ofan annual|exposed, as identified
by the Trustees,
have been reviewed as part ofan annual| |---|---|---|---|---|---|---|---|---| |exercise and|systems are in place to||||mitigate these risks.
A risk register has been created and a risk management||policy|| |set up. The risks|||with the highest assessment
(considering
both impact and likelihood) are shown
below, together||||with|| |actions and mitigations:||||||||| |Descri tion||||||Miti ation(Action||| |Loss ofkey staff||||||The Clerk tothe Trustees isthe only employee.
A procedures
manual
has|been|| |||||||re ared. The Clerk meets re
ularl
with the Trustees.||| |Investment||risk||||The
Charity
is invested
in a diversified
portfolio
of financial
funds|and|| |||||||residential
investment
properties
in Richmond.
The Statement of Investment||| |||||||Principles
(SIP) is reviewed
annually.
The portfolio
is monitored
against||the| |||||||SIPand is rebalanced
accordin
I .||| |Sufficient|cash to make grants|||||The Charity
holds
cash
equivalent
to the annual
grants
awarded
and||six| |||||||months
of other
expenditure
to avoid
realising
assets
during
a period||of| |||||||sudden decline
in financial markets.
Financial funds are income generating||and| |||||||the
ield on the funds is reviewed
b the Trustees annuall .||| |Changes to||property tenant rights||||The
residential
investment
properties
are
let
on
as
Assured
Shoithold||| |||||||Tenancies
or as
Regulated
tenancies.
Management
of the
properties||is| |||||||delegated
to a property
management
company
who
are
responsible||for| |||||||revisin
the tenan
a reements
when
le islative chan es are made.||| |Changes|to||landlord|requirements||The residential
investment
properties
are subject to regular
inspections||in| |for property||||||accordance
with
regulatory
requirements.
Management
of the properties||is| |||||||delegated
to a property
management
company
who are
responsible||for| |||||||corn
liance with re ulato
r
uirements.||| ## ## ## ## ## ## ## ## ## ## ## ||||||2021|2020| |---|---|---|---|---|---|---| ||||Unrestricted|Endowment|Total|Total| ||||fund|funds|funds|funds| |||Notes||||| |INCOME AND ENDOWMENTS|FROM|||||| |Investment
income||||399344|399344|387762| |Total||||399,344|399,344|387,762| |EXPENDITURE ON||||||| |Raising funds||||176,994|176,994|56,950| |Charitable activities||||||| |Distributions
to PCC of Richmond|||411,000||411,000|311,000| |Fixed annual
appropriations|||1,200||1,200|1,200| |Other costs||||9,125|9,125|8,542| |Total|||412,200|186,119|598,319|377,692| |Net gains on investments||||946,184|946,184|485,743| |Net gains on investment
properties||||704,750|704,750|464,267| |NET INCOME/(EXPENDITURE)|||(412,200)|1,864,159|1,451,959|960,080| |Transfers between funds||16|412200|~I12200)||| |Net movement
in funds||||1,451,959|1,451,959|960,080| |RECONCILIATION
OF FUNDS||||||| |Total funds brought forward||||17,679,957|17,679,957|16,719,877| |TOTAL FUNDS CARRIED FORWARD||||19,131,916|19131916|17679 957| |||||2021|2020| |---|---|---|---|---|---| |||Unrestricted|Endowment|Total|Total| |||fund|funds|funds|funds| ||Notes|||f|| |FIXEDASSETS|||||| |Investments|||||| |Investments|10||10,085,510|10,085,510|8,860,368| |Investment
property|11||8386 DOD|8386 OOD|7681250| ||||18,471,510|18,471,510|16,541,618| |CURRENT ASSETS|||||| |Debtors|12||6,480|6,480|6,168| |Cash at bank|||660 940|660940|1 138351| ||||667,420|667,420|1,144,519| |CREDITORS|||||| |Amounts
fatling due within one year|13||(7,014)|(7,014)|(6,180)| |NET CURRENT ASSETS|||660 406|660406|1 138339| |TOTAL ASSETSLESSCURRENT LIABILITIES|||19,131,916|19,131,916|17,677,957| |NET ASSETS|||19131916|19131916|17677957| |FUNDS|||||| |Endowment
funds:|||||| |Unapplied
Total Return||||12,851,825|11,399,866| |Original
Gift||||6 280 091|6 280 091| |||||19 131916|17679 957| |TOTAL FUNDS||||19131916|17679 957| ## ## ## ## ## ## ## ## ## ## ## ## |INVEST|MENT INCOME||| |---|---|---|---| |||2021f|2020| |Rents receivable
Dividends
receivable
Interest receivable||153,330
245,957
57|167,324
219,187
1 231| |||399346|387 762| ## ## ## |||||2021
E|2020f| |---|---|---|---|---|---| |Repairs and maintenance||||31,196|29,019| |Property
management||fees||11,629|10,289| |Property valuation|and|introduction|fees|1,361|660| |Survey fees||||(200)|1,512| |Clerks' fees||||7,709|7,400| |Property
insurance||||4,037|4,538| |Liability insurance||||3,179|3,086| |Other investment|costs|||2,024|446| |Major repairs||||116059|| |||||176,994|56950| |CHARITABLE ACHVITIES COSTS|||||| |||||2021|2020| |Grant to PCC of Richmond||||411,000|311,000| |Fixed annual
grants||||1200|1200| |||||412,200|312,200| |Support costs —See note 7||||9,125|8,542| |||||421 325|320 742| ## ## ||||2021|2020| |---|---|---|---|---| |Governance costs||||| |Auditor's
remuneration|(including|VAT)|5,820|5,520| |Clerks' fees|||3,305|2,992| |Bank charges||||30| ||||9 125|8 542| ## ||||||2021|2020| |---|---|---|---|---|---|---| |||||||E| |External|audit|fee|(net|ofVAT)|~4850|~4600| ## ## |FIXEDASSET INVESTMENTS|| |---|---| ||Listed| ||investments| ||E| |MARKET VALUE|| |At 1january 2021|8,860,368| |Additions|808,500| |Disposals|(507,172)| |Revaluation|823816| |At 31December 2021|10085 510| |NET BOOK VALUE|| |At 31December 2021|10085510| |At 31December 2020|8860368| ## |FAIR VALUE|| |---|---| |At 1january 2021|7,681,250| |Revaluation|704 750| |At 31December 2021|8386000| |NET BOOK VALUE|| |At 31December 2021|8386000| |At 31December 2020|7681250| ## ## ## ||||2021|2020| |---|---|---|---|---| ||||f|| |Funds held by|letting agents||1,000|1,000| |Rental and maintenance||debtors|1,468|5,168| |Other debtors|and prepayments||4 012|| ||||6480|6 168| |CREDITORS|AMOUNTS FALLING DUE WITHIN ONE YEAR|||| ||||2021|2020| ||||f|f| |Accrued expenses|||7014|6 180| ## ||||At|Net|Transfers|At| |---|---|---|---|---|---|---| ||||1january|movement|between|31December| ||||2021|in funds|funds|2021| |Unrestricted||funds||||| |General|fund|||(412,200)|412,200|| |Endowment||funds||||| |Unapplied
Total Return|||11,399,866|1,864,159|(412,200)|12,851,825| |Original|Gift||6 280 091|||6 280091| ||||17679957|1451959||19131916| |TOTAL|FUNDS||17679 957|1,451 959||19131916| |Net movement|in funds,|included|in the above are as follows:|||| |---|---|---|---|---|---|---| ||||Incoming|Resources|Gains and|Movement| ||||resources|expended|losses|in funds| ||||E||E|E| |Unrestricted|funds|||||| |General
fund||||(412,200)||(412,200)| |Endowment|funds|||||| |Unapplied
Total Return|||399,344|(186,119)|1,650,934|1,864,159| |TOTAL FUNDS|||399344|~598319)|1650 934|1451959| ## |Compar|ative|s
for movement
in|funds|||| |---|---|---|---|---|---|---| ||||At|Net|Transfers|At| ||||1january|movement|between|31December| ||||2020|in funds|funds|2020| |Unrestricted||funds||||| |General|fund|||(312,200)|312,200|| |Endowment||funds||||| |Unapplied
Total Return|||10,439,786|1,272,280|(312,200)|11,399,866| |Original|Gift||6 280 091|||6 280 091| ||||16719877|1272 280|~312200|17679957| |TOTAL|FUNDS||16719877|960080||17679957| ## ## ## |||Incoming|Resources|Gains and|Movement| |---|---|---|---|---|---| |||resources|expended|losses|in funds| |Unrestricted|funds|E|E|E|| |General fund|||(312,200)||(312,200)| |Endowment|funds||||| |Unapplied
Total Return||387,762|(65,492)|950,010|1,272,280| |TOTAL FUNDS||387762|~377692)|990010|960080| ## ## ##