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||||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|
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|||||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||||
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||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|
##