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2023-12-31-accounts
TRUSTEES AG Saunders - Chairman
S M Brown
Mrs AM Khan
Ms RA Martin
3CStiller
PRINCIPAL ADDRESS 59 Church
Road
Richmond
Surrey
TW10 6LX
REGISTERED CHARITY NUMBER 212770
AUDITORS Kreston Reeves LLP
2nd Floor,
168Shoreditch High Street
London
El 6RA
SOLICITORS Moore Barlow LLP
Frameworks
2 Sheen Road
Richmond
Surrey
TW9 lAW
BANKERS Lloyds Bank pic
19-20The Quadrant
Richmond
Surrey
7%9lBP
PROPERTY MANAGERS HML LAM Ltd
9-11The Quadrant
Richmond
Surrey
TW9 1BP

Descri tion Descri tion Descri tion Miti
ation/Action
Loss of key staff The Clerk tothe Trustees isthe only employee.
A procedures
manual has been
re ared. The Clerk meets re
ula
with		 the Chairman.
Investment risk The
Charity
is invested
in a diversified		 portfolio
of financial
funds		 and
residential
investment
properties
in Richmond. The Charity has an Investment
Policy
which
is reviewed
annually.
The		 portfolio
is monitored
against		 the
Investment
Poli
and 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		 iet as Assured
Shorthold Tenancies
or as Regulated
tenancies.
Management		 of the properties
is delegated
to a
property
management
company
who are		 responsible
for revising the tenancy
a reements
when le islative chan es are		 made.
Changes to landiord 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
liancewithre
ulato
re uirements.

2023 2022
Unrestricted Endowment Total Total
fund funds funds funds
Notes E
INCOME AND ENDOWMENTS FROM
Investment
income		 454 250 454 250 399503
Total 454,250 454,250 399,503
EXPENDITURE ON
Raising funds 112,120 112,120 69,412
Charitable activities
Distributions
to PCC of Richmond		 458,000 458,000 446,000
Fixed annual
appropriations
Other costs		 1,200 12,066 1,200
12,066		 1,200
10,995
Total 459,200 124,186 583,386 527,607
Net gains/(losses)
on investments		 511,694 511,694 (1,012,186)
Net (losses)/gains
on investment		 properties (24,000) (24,000) 106„092
NET INCOME/(EXPENDITURE) (459,200) 817,758 358,558 (1,034,198)
Translers between funds 15 'f59 200 ~459200)
Net movement
in funds		 358,558 358,558 (1,034,198)
RECONCILIATION
OF FUNDS
Total funds brought forward 18,097,718 18,097,916 19,131,916
18456 276 18456 276 18097 718

2023 2022
Unrestricted Endowment Tot:al Total
fund funds funds funds
Notes f f
FIXEDASSETS
Investments
Investments 10 9,660,018 9,660,018 9,073,324
Investment
property		 11 7428 000 7428 000 7452 000
17,088,018 17,088,018 16,525,324
CURRENT ASSETS
Debtors 53,789 53,789 5,726
Cash at bank 1 323 169 1323 169 1574 467
1,376,958 1,376,958 1,580,193
CREDITORS
Amounts
falling due within one year		 13 (8,700) (8,700) (7,800)
NET CURRENT ASSETS 1368 258 1368258 1572 393
TOTAL ASSETSLESSCURRENT LIABILITIES 18,456,276 18,456,276 18,097,718
18456 276 18456 276 18097718
FUNDS 14
Endowment
funds:
Unapplied
Total Return		 12,176,185 11,817,627
Original
Giit		 6 280091 6 280091
18456 276 18097718
TOTAL FUNDS 18456 276 18097718

RAISING FUNDS RAISING FUNDS RAISING FUNDS RAISING FUNDS
Investment
management		 costs
2023I 2022f
Repairs and maintenance 14,616 17,734
Property management fees 10,425 11,218
Property valuation and introduction fees 2,520 5,040
Clerks' fees 7,856 7,455
Property insurance 4,803 4,567
Liability insurance 977 1,955
Other expenditure 996 2,023
Property sale costs 19,420
Major repairs 69,907
112,120 176,994
CHARITABLE ACTIVITIES COSTS
2022
f
Grant to PCCof Richmond 458,000 446,000
Fixed annual
grants		 1 200 1200
459,200 447,200
Support costs —See note 7 12,066 10,995
971266 'l56 195

2023 2022
f
Governance costs
Auditor's remuneration (including VAT) 8,700 7,800
Clerks' fees 3 366 ~3195
12066 ~10995

FIXEDASSETINVESTMENTS
Listed
investments
MARKET VALUE
At 1january 2023
Purchases		 9,073,324
75,000
Revaluation 511699
At 31December 2023 9 66D D18
NET BOOK VALUE
At 31December 2023 9660 018
At 31December 2022 9,073,324

FAIR VALUE
At 1january 2023
Revaluation		 7,452,000
~24 000)
At 31December 2023 7428 000
NET BOOKVALUE
At 31December 2023 7428 000
At 31December 2022 7452 000

DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
2023f 2022
Funds held by letting agents 1,000 1,000
Rental and maintenance debtors 976 1,871
Other debtors and prepayments 51813 ~2855
52,789 ~5726
CREDITORS". AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
E F
Accrued expenses 8700 ~7800

14. MOVEMENT IN FUNDS
At Net Transfers At
1January movement between 31December
2023 in funds funds 2023
Unrestricted funds
General fund (459,200) 459,200
Endowment funds
Unapplied
Total Return		 11,817,627 817,758 (459,200} 12,176,185
Original
Gift		 6 280,091 6 280 091
18097 718 358 558 18456 276
TOTAL FUNDS 18097718 358558 18456 276
Net movement in funds, included in the above are as follows:
Net movement in funds,
included
in t		 he above are as follows:
Incoming Resources Gains and Movement
resources expended losses in funds
Unrestricted funds
General fund (459,200) (459,200}
Endowment funds
Unapplied
Total Return		 454,250 (124,186) 487,694 817,758
TOTAL FUNDS 454 250 ~583386) 487,694 358,558

Compar atives for movement
in		 funds
At Net Transfers At
1January movement between 31December
2022 in funds funds 2022
Unrestricted funds
General fund (447,200} 447,200
Endowment funds
Unapplied
Total Return		 12,851,825 (586,998) (447,200) 11,817,627
Original Gift 6,280091 6,280091
19 131916 1034 198 18097718
TOTAL FUNDS 19131916 ~1034,1983 181197718

Incoming Resources Gains and Movement
resources expended losses in funds
E E E E
Unrestricted funds
General fund (447,200) (447,200)
Endowment funds
Unapplied
Total Return		 399,503 (80,407) (906,094) (586,998)
TOTAL FUNDS 399 503 {527,607} (906094) (1 034 1963