2021-12-31-accounts - Hibbert Almshouse Charity

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	A	S AT 31DEC	EMBER2021
			Notes	2021 f	2020
Fixed assets
Housing properties			9	99,546	50,158
Tangible fixed assets			9	2,127	2,141
Investments			10	235,791	208,363
Total fixed assets				337,464	260,662
Current assets
Debtors and prepayments			11	28,995	19,756
Bank balances			12	513,781	247,817
Total current assets				542,776	267,573
LiabiTities
Creditors: Amounts	falling due withui	one year	13	(14,247)	(8,794)
Net current assets				528,529	258,779
Total assets less current liabilities				865,993	519,441
The funds ofthe charity
Endowment Fund			isa	16,597	14,665
Restricted Funds			15b	781,741	227,400
Unrestricted Funds			16	67,655	277,376
Total charity funds			14	865,993	519,441

	the year were f0.(2020K	).
			2021	2020
3.	INTEREST RECEIVABLE AND OTHER INCOME
	Bank deposit interest		28	34
	Investments income		6,860	8371
			6888	8405
4.	REFURBISHMENT COSTS
	Extraordinary Repairs
	Architects' fees —Appeal	—Lambeth Bomugh Claim		(2,400)
	Electrical Engineer/Heating	Engineer - Report		695
				1,705
				1,705
5.	SURPLUS FOR THE YEAR
	The surplus is stated after	charging:
	Reporting Accountant	(excluding VAT)	1,380	1,320
	VAT		276	264
			I 656	I 584

7.	UNITS UNDER MANAGEMENT AT YEAR END	UNITS UNDER MANAGEMENT AT YEAR END	UNITS UNDER MANAGEMENT AT YEAR END	UNITS UNDER MANAGEMENT AT YEAR END	UNITS UNDER MANAGEMENT AT YEAR END
							2021	2020
	Ahnshouses						8	8
8.	EMPLOYEES INFORMATION						2021	2020
	The avenge weekly number ofpersons employed				during the year was	(full time
	equivalent)
9(a).	FIXEDASSETS - FREEHOLD PROPERTY
							2021	2020
	Capitalisation ofRenovations	Project		Expenditure:
	At 01.01.2021						50,158	50,158
	2021						49388
	At 31.12.21						99546	50.158
	Fees and expenses incurred in	respect ofthe
	Renovations Project, which had		been charged tothe
	Extraordinary Repairs Fund have, now			that the Project
	is to go ahead, been capitalised,		and the 2020
	comparative figures have, accordingly,			been amended.
	The value placed upon the site and the is the historic cost, which is deemed to			almshouses befnil.
9(b).	FIXEDASSETS - EQUIPMENT						2021 f	2020
	Cost
	At 01.01.2021						4,311	3,912
	Additions						464	399
	Dispo sale
	At 31.12.2021						4,775	4,311
	Depreciation
	At 01.01.2021						2,170	1,705
	Charge for the year						478	465
	Disposals
	At 31.12.2021						2,648	2,170
	Net BookValue
	At 31.12.Z021						2,127	2 141

	The investments were in t value at 31December.	he M	srG	Charity	Multi-Asset Fund, and the holdin	gs and are stated at	the market
						2021	2020
	At 1 January 2021					208,363	215,193
	Additions: Dividends reinvested					6,860	8,371
	Gifted shares —Fundsmith	Equity Income					211,003
	Sale ofgifted shares						(211,003)
	Net change in value ofinvestments			during the year		20,568	(15,201)
	At 31December 2021					235,791	208,363
	Held at 31December 2021	for:
	Cyclical, and Extraordinary		Maintenance		and General Reserves
	2,093 Accumulation	shares				219,194	187,773
	Endowment Reserve
	158Accumulation shares					16,597	14,665
	Renovations/Friends Reserve
	64Accumulation shares						5,925
						235,791	208,363
11.	DEBTORSAND PREPAYMENTS
	Expense prepayments					943	762
	Funds held by: London Block Management				Ltd	15,693	14,548
	Maintenance Contributions	due				2,748	4,059
	Other debtors					9,611	387
						28,995	19,756
12.	BANK BALANCES
	Current account
	Deposit account
	Cash in band
						~51 1	~2
13.	CREDITORS AND ACCRUALS
	Amounts falling due within one year
	Expense accrual s					12,077	7,590
	Maintenance Contributions	in advance				2,170	1,204
						14,247	8,794

	~OF	FUND M	OVEMKN	TS
	Fund 2021
			Income	Expenditure		Net	Transfer	Gains
								and
	Name	Balances						Losses	Balances
		1.1.2021				f	f	f	31.12.2021 f
	Endowment	14,665	483			483		1,449	16,597
	Restricted	227,400	305,363		(2,587)	302,776	251,565		781,741
	Unrestricted:
	General	72,302	57,315		(40,152)	17,163	(12,400)		40,000
							(37,065)
	Extraordinary	81,131	2,898			2,898	4,560	8,684	10,000
							(87233)
	Cyclical	115,513	3,479			3,479	7,840	10,435	10,000
							(127,267)
	Charitable	8,430			(775)	(775)			7,655
	Total	277376	63692		40927	22 765	251 565	19119	67	655
	Total Funds:	519,441	369,538		(43,514)	326,024	-	20,568	865,993
	Fund - 2020
			Income	Expenditure		Net Transfer		Gains	Adjusted
								and
	Name	Balances						Losses			Balances
		1.1.2020f				f	f	f		f	31.12.2020
	Endowment	15,147	589			589		(1,071)			14,665
	Restricted	16,457	211,377		(135)	211,242		(299)			227,400
	Unrestricted:
	General	62,5774	56,367		(31,201)	25,166	(13,625)	(1,813)			72,302
	Extraordinary	25,697	3,469			3,469	6,089	(4482)	50,158		81,131
	Cyclical	111,199	4,245			4,245	7,536	(7,467)			115,513
	Charitable	9358			(560)	(560)		(268)			8,430
	Total	208 728	64081		31 761	32320	-	13830	50 158		277 376
	Total Funds:	240,332	276,047		(31,896)	244,151		(15400)	50,158		519,441
	Th e2020 reserves have been mcreased by				f50,158	SeeNote	9a.
15.	RESTRICTED RESERVES
									2021		2020
15a.	ENDOWMENT RESERVE
	At 1 Ianuary 2021								14,665		15,147
	(Decrease)/Increase	in the value ofNational			Association ofAhnshouses				1,449		(1,071)
	Dividends received	re-invested							483		589
	At 31December 2021								16597		14665

EXTRAORDINARY	REPAIRS RE	SERVE
			2021f	2020f
At 1 January 2021			81,131	25,697
Transfer fiom income and expenditure		account	4,560	4,384
Dividends received re-invested			2,898	3,537
Donatious				(68)
Less: Transfer to cover	Extraordinary	Repairs (Note 4)		1,705
(Decrease)/increase in the value ofinvestments			8,684	(6,416)
Reallocation ofdividend	income and	capital gains		2,134
Capitalisation ofcosts written off—2015to 2019				50,158
Transfer to Renovations	Reserve		(87773)
At 31December 2021			10,000	81,131

16.	UNRESTRICTED RESERVES - DESIGNATED RESERVES (conibrued)	UNRESTRICTED RESERVES - DESIGNATED RESERVES (conibrued)
16c.	CYCLICAL MAINTENANCE RESERVE		2021f	2020
	At 1 January 2021		115,513	111,199
	Transfer from income and expenditure	account	7,840	7,536
	Dividends received re-invested		3,479	4245
	(Decrease)/Increase in the value ofinvestments		10,435	(7,713)
	Reallocation ofdividend income and	capital gains		246
	Transfer to Renovations Reserve		(127,267)
	At 31December 2021		10,000	115,513

	FOR THE	YEAR ENDED 31DECEMBE	R2021
				2021	2020
16d.	CHARITABLE RESERVE
	At 1 January 2021			8,430	9,258
	Gifts and allowances for Almspersons Christmas gills —7xf75 (gxf70)			525	560
	Garden party: Expenditure			410
	Less contribution	&om London Block Management	Ltd	(160)
	Allocation ofdividend income	less capital losses			268
	Expenditure			(775)	(828)
	At 31December 2021			7,655	8,430

INCOME					2021f	2020
Maintenance contributions					57,286	56,319
Less: Voids
					57,286	56,319
Investments					6,860	8,371
Donations					305,135	211,202
Other income					257	48
TURNOVER					369538	275 940
EXPENDITURE
Services
Gas					4,180	4,387
Electricity					1,563	1,613
Water rates					1,918	1,843
Gardening —labour					4,375	4,442
Gardening -materials					262	1,132
TV licence					40	37
					12338	13454
Management
Caretaking					3,430	3,621
Insurance					1,205	1,203
Sundry expenses					763	324
Managing agent					4 800	4 800
					10198	9948
Governance
Reporting accountants					1,656	1,584
Subscriptions					539	536
Website costs					456	348
Trustees' expenses
					2651	2468
Maintenance and		Replacements
Boiler servicing	and gas safety		checks		1,046	576
Premises repairs	and maintenance				7,500	3,500
Window cleaning		and pest control			2,514	1,428
Health and safety		checks			847
Refurbishment	costs:
Architects' fees and appeal fee						-2,400
Electrical engineer		(Heating engineer) - Report				695
						-1,705
Professional fees					2,620	960
Depreciation -Equipment					478	465
					15005	5224
Fundraising —Fee		ofexecutive	fundraiser		2,587	135
Charitable Reserve Expenses - Christmas				gihs to residents	525	560
			Garden Party		250
					3 362	695
OPERATING COSTS					43 554	31789
SURPLUS/(DEFICIT)					325 984	244 151

21. ANALYSIS OF A	SSETSBETWE	EN	FUNDS AT	31DECEM	BER
			2021			2020
	Unrestricted	Restricted		Total	Unrestricted	Restricted	Total
Assets				f,
Tangible fixed Assets:
Freehold property			99,546	99,546	50,158		50,158
Equipment	2,127			2,127	2,141		2,141
Fixed assets investments	50,780		185,011	235,791	187,773	20,590	208,363
Debtors	28,995			28,995	19,756		19,756
Cash			513,781	513,781	26,342	221,475	247,817
Liabilities:
Creditors	1424			14247	8794		8794
	67655		798338	865993	277376	242 065	519441
22. FINANCIAL INSTRUMENTS
At the Balance Sheet date	the Charity held	the	following:			2021 f	2020 f,
Financial Assets
Measured atcost:
Cash						513,781	247,817
Measured at amortised cost:
Funds held by London BlockManagement		Ltd				15,693	14,548
Maintenance Contributions	due					2,748	4,059
Other debtors						10,554	387
Measured at fair value:
lnvesnnents						235,791	208,363
Total Financial Assets						778 747	471.174
Financial liabilities
Measured at amortised cost:
Expense Accruals						12,077	7,590
Maintenance Contrtliutions	in advance					2,170	1304
Total Financial Liabilities						14247	8 794