2021-12-31-accounts

			Page
Reference and administrative		details ofthe Charity, its Trustees and advisers
Trustees' report			3-9
Independent auditor's	report	on the financial statements	10-13
Statement offinancial	activities		14
Balance sheet
Statement ofcash flows			16
Notes to the financial	statements		17-36

				Unrestricted	Endowment	Total	Total
				funds	funds	funds	funds
				2021	2021	2021	2020
			Note	5	E		F
Income and endowments		from:
Donations and legacies			4	1,940		1,940	13,474
Charitable activities			5	288,064		288,064	238,928
Investments			6	896,201	11,816	908,017	1,012,239
Total income and	endowments			1,186,205	11,816	1,198,021	1,264,641
Expenditure on:
Raising funds			7,8	289,498		289,498	232,554
Charitable activities			10	900,473	9,665	910,138	925,713
Total expenditure				1,189,971	9,665	1,199,636	1,158,367
Net (expenditure)/income before net gains/(losses) on investments				(3,766)	2,151	(1,615)	105,274
Net gains/(losses)	on investments			152,008	679,384	831,392	(604,385)
Net income/(expenditure)				148,242	681,535	829,777	(498,111)
Transfers between	funds		19	367	(367)
Net movement in	funds			148,609	681,168	829,777	(498,111)
Reconciliation of	funds:
Total funds brought	forward			1,888,760	23,716,278	25,605,038	26,103,149
Net movement in funds				148,609	681,168	829,777	(498,111)
Total funds carried forward				2,037,369	24,397,446	26,434,815	25,605,038

					2021		2020
			Note		8		E
Fixed assets
Tangible assets			13		3,476,123		3,476, 123
Investments			15		8,883,297		7,986,237
Investment	property		14		13,558,500		13,558,500
					25,917,920		25,020,860
Current assets
Debtors			16	181,322		272,372
Cash at bank and in hand			23	722,661		623,714
				903,983		896,086
Creditors: amounts		falling due within one
year			17	(350,247)		(311,908)
Net current	assets				553,736		584,178
Creditors: amounts		falling due after more
than one	year		18		(36,841)
Net assets					26,434,815		25,605,038
Charity funds
Endowment	funds		19		24,397,446		23,716,278
Unrestricted	funds		19		2,037,369		1,888,760
Totalfunds					26,434,815		25,605,038

for the ye	ar ended 31 Dec	ember 2021
						2021	2020
					Note	6	5
Cash flows from operating		activities
Net cash	used in operating	activities			22	(743402)	(904,171)
Cash flows from investing		activities
Dividends,	interests and rents from investments					908,017	1,012,239
Proceeds	from sale of investments					1,218,536	616,733
Purchase	of investments					(1,284,204)	(657,308)
Net cash	provided by investing activities					842,349	971,664
Change in cash and cash		equivalents in	the year			98,947	67,493
Cash and	cash equivalents	at the beginning	ofthe year			623,714	556,221
Cash and	cash equivalents	at the end of	the year		23	722,661	623,714
The notes	on pages 17to 36 form part ofthese financial			statements

	Unrestricted	Total	Total
	funds	funds	funds
	2021	2021	2020
	E	E	f.
Donations	1,940	1,940	5,695
Legacies			7,779
	1,940	1,940	13,474
Total 2020	13,474	13,474

			Unrestricted	Total	Total
			funds	funds	funds
			2021	2021	2020
			E	E	E
Residents'	maintenance	contributions	257,633	257,633	211,935
Home Help	income		21,552	21,552	17,481
Other income			8,879	8,879	9,512
			288,064	288,064	238,928
Total2020			238,928	238,928

		Unrestricted	Endowment	Total	Total
		funds	funds	funds	funds
		2021	2021	2021	2020
		F		K	F
Rents receivable		677,810		677,810	718,731
Service charges receivable		(12,881)		(12,881)	22,501
Income from listed investments		222,519	11,816	234,335	263,060
Insurances	recoverable	8,753		8,753	7,947
		896,201	11,816	908,017	1,012,239
Total 2020		1,002,222	10,017	1,012,239

			Unrestricted	Total	Total
			funds	funds	funds
			2021	2021	2020
				F	5
Commercial	property	repairs and maintenance	58,641	58,641	32,759
Residential	property	repairs and maintenance	60,513	60,513	45,279
Voids expenditure			26,415	26,415	4,477
Rent payable			1,471	1,471	1,471
Insurances			16,461	16,461	15,172
Land and estate agents			24,737	24,737	32,081
Solicitors			25,563	25,563	15,586
Surveyors			10,532	10,632	23,333
Bad debts			30,775	30,775	37,497
Sundry expenses			72	72	220
			255,280	255,280	207,875
Total 2020			207,875	207,875

	Unrestricted	Total	Total
	funds	funds	funds
	2021	2021	2020
	E	E	E
Stockbroker's fees	34,218	34,218	24,779
Total 2020	24,779	24,779

	Grants to	Grants to	Total	Total
	Institutions	Individuals	funds	funds
	2021	2021	2021	2020
	E			E
Grants payable	32,405	5,420	37,825	69,877
Total 2020	60,941	8,936	69,877

			Grants
			payable	Support	Total	Total
		Direct costs 2021	(note 9) 2021	costs 2021	funds 2021	funds 2020
		E	E
Almshouse		510,033	37,825	285,763	833,621	835,673
Outpensions		31,670			31,870	38,200
Home Help		24,849			24,849	27,848
Poor Traveger's	House	19,998			19,998	23,992
		586,550	37,825	285,763	910,138	925,713
Total 2020		583,040	69,877	272,796	925,713

				Poor
		Out-		Traveller's	Total	Total
	Almshouse 2021	pensions 2021	Home Help 2021	House 2021	funds 2021	funds 2020
	6				6	6
Staffcosts	237,197		24,568	7,280	269,045	267,096
General and
water rates	14,153			1,120	15,273	15,885
Insurances	14,937			1,066	16,003	15,364
Oil, gas and electricity	52,003			746	52,749	46,786
Repairs,
maintenance
and cleaning	114,851			8,637	123,488	135,915
Garden upkeep	7,376				7,376	7,290
Telephone	1,483			426	1,909	1,813
Sundry expenses	15,144		281	723	16,148	16,574
Outpensions		31,670			31,670	38,200
Health and safety	52,889				52,889	38,117
	510,033	31,670	24,849	19,998	586,550	583,040
Total 2020	493,000	38,200	27,848	23,992	583,040

				Total	Total
				funds	funds
				2021	2020
				6	5
Staff costs				214,995	217,176
Printing, stationery		and	advertising	5,500	5,323
General and water		rates		1,254	1,253
Telephone				2,169	1,058
Oil, gas and electricity				2,286	2,275
Insurance				15,323	12,359
Furniture				277	311
Repairs				2,419	4,709
Office machinery				8,270	6,575
Pensions	to former	employees		617	1,824
Legal and	professional		fees	9,127	1,284
Sundry expenses				1,271	368
Computer	equipment			9,584	6,735
Health and safety				953	224
Auditors'	remuneration			8,788	9,435
Auditors'	remuneration		- non audit	2,930	1,887
				285,763	272,796

for th	e year ended 31 December 2021
13.	Tangible fixed assets
		Freehold
		property
		6
	Cost orvaluation
	At 1 January 2021	3,476,123
	At 31 December 2021	3,476,123
	Net book value
	At 31 December 2021	3,476,123
	At 31 December 2020	3,476, 123

	Freehold
	investment
	property
Valuation
At 1 January 2021	13,558,500
At 31 December 2021	13,558,500

	Listed
	investments
Cost or valuation
At 1 January 2021	7,986,234
Additions	1,284,204
Disposals	(1,168,195)
Revaluations	781,054
At 31 December 2021	8,883,297
Net book value
At 31 December 2021	8,883,297
At 31 December 2020	7,966,234

Debtors
		2021	2020f
Due within one year
Trade debtors		52,059	89,858
Other debtors		50
Prepayments	and accrued income	104,566	159,236
Insurance recoverable		24,547	23,278
		181,322	272,372

Creditors: Amou	nts falling due	within one year
			2021	2020f
Trade creditors			14,907	25,102
Other taxation and social security			4,584	2,000
Other creditors			109,589
Accruals and deferred income			221,167	284,806
			350,247	311,908
Deferred income	at 1 January 2021		173,013	158,472
Income deferred	during the year		119,849	172,642
Amounts released from previous		periods	(152,596)	(158,101)
Deferred income	at 31 December 2021		140,266	173,013

Credi	tors: Amounts falling due after more tha	n one year
		2021	2020
		5	5
Other	creditors	36,841

							Balance at
		Balance at 1					31
		January 2021 F	Income F	Expenditure	Transfers in/out F	Gains/ (Losses) 6	December 2021 6
Designated
funds
Cyclical
Maintenance
Fund		45,450			15,000		60,450
Extraordinary Repairs Fund		99,471		(273)	50,000	20,367	169,565
General Fund	Repairs	232,611	7,846		15,000	18,299	273,756
Planned
Maintenance
Fund		132,667	(12,881)	(10,957)	32,986		141,815
Memorial	Fund	54,612			3,901		58,513
Poor Travellers
House	Fund	4,436			(985)		3,451
Apprenticeship Support Fund		6,213					6,213
		575,460	(5,035)	(11,230)	115,902	38,666	713,763
General	funds
General	Income
Fund		1,313,300	1,191,240	(1,178,741)	(115,535)	113,342	1,323,608
Total
Unrestricted
funds		1,888,760	1,186,205	(1,189,971)	367	152,008	2,037,369

Endowment
funds
Richard Watts	22,210,947				641,694	22,852,641
Chatham Intra	1,492				134	1,626
SirJohn
Hayward's
Charitable
Fund	593,625				522	594147
StCatherine's
Hospital	638,061				14,123	652,184
Sir John
Hayward's
Educational
Charity	28,430	607	(200)	333	577	29,747
William Mantle
Trust	243,723	11,209	(9,465)	(700)	22,334	267,101
	23,716,278	11,816	(9,665)	(367)	679,384	24,397,446
Total offunds	25,605,038	1,198,021	(1,199,636)		831,392	26,434,815

Statemen	t offund	s - prior year
							Balance at
		Balance at					31
		1 January 2020	Income	Expenditure	Transfers in/out	Gains/ (Losses)	December 2020
		6	6		F	6	F
Designated
funds
Cyclical
Maintenance
Fund		39,950			5,500		45,450
Extraordinary Repairs Fund		122,172		(21,550)	3,600	(4,751)	99,471
General Fund	Repairs	233,551	8,321	(8,213)	15,000	(16,048)	232,611
Planned
Maintenance
Fund		123,221	22,501	(13,055)			132,667
Memorial	Fund	46,833	7,779				54,612
Poor Travellers
House	Fund				4,436		4,436
Apprenticeship Support Fund					6,213		6,213
		565,727	38,601	(42,818)	34,749	(20,799)	575,460
General	funds
General	Income
Fund		1,292,243	1,216,023	(1,105,689)	(34,749)	(54,528)	1,313,300
Total
Unrestricted
funds		1,857,970	1,254,624	(1,148,507)		(75,327)	1,888,760

Endowment
funds
Richard Watts	22,689,534			(478,587)	22,210,947
Chatham Intra	1,612			(120)	1,492
SirJohn
Hayward's
Charitable
Fund	594,093			(468)	593,625
StCatherine's
Hospital	650,721			(12,660)	638,061
Sir John
Hayward's
Educational
Charity	28,345	613	(200)	(328)	28,430
William Mantle
Trust	280,874	9,404	(9,660)	(36,895)	243,723
	24,245,179	10,017	(9,860)	(529,058)	23,716,278
Total offunds	26,103,149	1,264,641	(1,158,367)	(604,385)	25,605,038

to the financi year ended Summary of	al statements 31 December 2021 funds
Summary of	funds - current year
						Balance at
	Balance at 1					31
	January 2021	Income	Expenditure	Transfers in/out	Gains/ (Losses)	December 2021
	6		6	6
Designated funds	575,460	(5,035)	(11,230)	115,902	38,666	713,763
General funds	1,313,300	1,191,240	(1,178,741)	(115,535)	113,342	1,323,606
Endowment
funds	23,716,278	11,816	(9,665)	(367)	679,384	24,397,446
	25,605,038	1,198,021	(1,199,636)		831,392	26,434,815
Summary of	funds - prior year
						Balance at
	Balance at					31
	1 January 2020 F	Income	Expenditure E	Transfers in/out	Gains/ (Losses)	December 2020 5
Designated funds	565,727	38,501	(42,818)	34,749	(20,799)	575,460
General funds	1,292,243	1,216,023	(1,105,689)	(34,749)	(54,528)	1,313,300
Endowment
funds	24,245,179	10,017	(9,860)		(529 058)	23716278
	26,103,149	1,264,641	(1,158,367)		(604,385)	25,605,038

Analysis	ofnet assets between funds -current	year
		Unrestricted	Endowment	Total
		funds	funds	funds
		2021	2021	2021
		6
Tangible fixed assets			3,475,123	3,475,123
Fixed asset investments		1,569,732	7,313,565	8,883,297
Investment	property		13,558,500	13,558,500
Current assets		854,725	49,258	903,983
Creditors	due within one year	(350,247)		(350,247)
Creditors	due in more than one year	(36,841)		(36,841 )
Total		2,037,369	24,397,446	26,434,815

	Analysis of n	et ass	ets	betw	een f	unds	- prio	r ye	ar
										Unrestricted	Endowment	Total
										funds	funds	funds
										2020	2020	2020
										E	E
	Tangible fixed	assets									3,476,123	3,476,123
	Fixed asset investments									1,352,728	6,633,509	7,986,237
	Investment property										13,558,500	13,558,500
	Current assets									847,940	48,146	896,086
	Creditors due	within	one year							(311,908)		(311,908)
	Total									1,888,760	23,716,278	25,605,038
22.	Reconciliation	ofnet movement				in funds to		net	cash flow	from operating	activities
											2021	2020
											E	E
	Net income/expenditure Activities)			for	the	year	(as	per	Statement	of Financial	829777	(498,111)
	Adjustments	for:
	Gains/(losses)	on investments									(831,392)	604,385
	Dividends, interests		and	rents	from	investments					(908,017)	(1,012,239)
	Decrease/(increase)		in debtors								91,050	(53,898)
	Increase in creditors										75,180	55,692
	Net cash used in operating				activities						(743,402)	(904,171)
23.	Analysis ofcash and cash equivalents
											2021	2020
											E	E
	Cash in hand										722,661	623,714

At 1		At 31
January		December
2021	Cash flows	2021
	E	E
E
623,714	98,947	722,661

Operating lease com	Operating lease com	mitments
At 31 December 2021		the Charity had commitments	to make future	minimum	lease payments	under non-
cancellable	operating	leases as follows:
					2021	2020
					E
Not later than 1 year					976	976
Later than	1 year and	not later than 5years			2,684	3,660
					3,660	4,636