## ## |||| |---|---|---| |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| ## ##