**Charity number: 223491**
## **ELTHAM UNITED CHARITIES**
## **UNAUDITED**
**FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
## **ELTHAM UNITED CHARITIES**
## **CONTENTS**
||Page|
|---|---|
|**Reference and administrative details of the Charity, its Trustees and advisers**|1|
|**Trustees' report**|2 - 3|
|**Independent examiner's report**|4|
|**Statement of financial activities**|5|
|**Balance sheet**|6|
|**Notes to the financial statements**|7 - 20|
## **ELTHAM UNITED CHARITIES**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2021**
|**Trustees**|Mr P H T Noble (deceased 10 December 2021)|
|---|---|
||Dr N B A Chase|
||Dr J Brett|
||Mr R J Chichester|
||Mrs A J Grant|
||Mr P Sowden|
||Cllr S Drury|
||Dr M Demetriou|
||Mrs V Lazellari (appointed 15 November 2021)|
||Dr M Mather (appointed 24 January 2022)|
|**Charity registered**||
|---|---|
|**number**|223491|
|**Principal office**|Trinity House|
||3 Bullace Lane|
||Dartford|
||Kent|
||DA1 1BB|
Page 1
## **ELTHAM UNITED CHARITIES**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2021**
The Trustees present their annual report together with the financial statements of the Eltham United charities for the 1 January 2021 to 31 December 2021.
## **Objectives and activities**
## **Policies and objectives**
The charity's activities is the housing and welfare of individuals who on retirement find it financially and socially difficult to live on their reduced income.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
## **Achievements and performance**
## **Key performance indicators**
The income is reviewed to ensure the assets are appropriately invested.
## **Review of activities**
The charity's activities remained unaltered during 2021, its priority being the housing and welfare of individuals who on retirement find it financially and socially difficult to live on their reduced income. The almshouse has twenty units for occupation one of which is a guest room. There is a continuous policy of repair. During the year a further three units became empty, all of which are under refurbishment. The three flats vacated in the previous year have now been refurbished and have almspeople appointed to them. The charity's overall objectives have again been successfully implemented and there is a strong community spirit amongst the almspeople well supported by the Trustees and the Manager.
## **Financial review**
## **Going concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
## **Structure, governance and management**
## **Constitution**
Eltham United Charities is a registered charity, number 223491, and is constituted under a Trust deed. The principal object of the charity is to provide free accommodation for retired persons on restricted income who reside in the parish of Eltham and Mottingham.
## **Methods of appointment or election of Trustees**
The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed dated 9th July 1907 and subsequent amendments.
Page 2
## **ELTHAM UNITED CHARITIES**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021**
## **Structure, governance and management (continued)**
## **Organisational structure and decision-making policies**
The day to day management is performed by the on site Manager and the financial management is administered by the Clerk in conjunction with the Trustees. On average the Trustees meet every two months.
Whilst the lockdown restrictions caused by Covid 19 continue the Trustees agreed face to face meetings cannot be held but that such meetings can be held online, by telephone or other digital systems. However following the lifting of restrictions, as from 23rd August 2021 the Trustees have agreed to resume having their meetings in the Trustees' room at Fifteenpenny Fields.
## **Plans for future periods**
The Trustees aim is for the charity to continue the maintenance of the almshouse and to maximise occupancy of the units. In addition the Trustees are reviewing the property portfolio and to refurbish where necessary so that the income stream is maintained.
## **Statement of Trustees' responsibilities**
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
................................................ **Mr P Sowden**
................................................ **Mrs A J Grant**
Date: 15 August 2022
Page 3
## **ELTHAM UNITED CHARITIES**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2021**
## **Independent Examiner's Report to the Trustees of Eltham United charities ('the Charity')**
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2021.
## **Responsibilities and Basis of Report**
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent Examiner's Statement**
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed: Dated: 9 September 2022 Richard Teare FCA
Rich T Management Limited 18 Royal Swan Quarter Leret Way Leatherhead KT22 7JL
Page 4
## **ELTHAM UNITED CHARITIES**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021**
|Note
**Income and**
**endowments from:**
Donations and legacies
3
Investments
4
Other income
5
**Total income and**
**endowments**
**Expenditure on:**
Raising funds
6
Charitable activities
7
**Total expenditure**
**Net income before**
**net gains on**
**investments**
Net gains on
investments
17
**Net income**
Transfers between
funds
17
**Net movement in**
**funds**
**Reconciliation of**
**funds:**
Total funds brought
forward
Net movement in funds
**Total funds carried**
**forward**|Endowment
funds
2021
£
-
85,252
-
85,252
5,356
6,186
11,542
73,710
803,671
877,381
(30,078)
847,303
9,443,116
847,303
10,290,419|Restricted
funds
2021
£
-
-
-
-
-
-
-
-
-
-
-
-
4,833
-
4,833|Unrestricted
funds
2021
£
200
130,649
-
130,849
11,962
88,826
100,788
30,061
96,522
126,583
30,078
156,661
915,010
156,661
1,071,671|Total
funds
2021
£
200
215,901
-
216,101
17,318
95,012
112,330
103,771
900,193
1,003,964
-
1,003,964
10,362,959
1,003,964
11,366,923|Total
funds
2020
£
25
212,744
117|
|---|---|---|---|---|---|
||||||212,886|
||||||30,990
90,558|
||||||121,548|
||||||91,338
284,797|
||||||376,135
-|
||||||376,135|
||||||9,986,824
376,135|
||||||10,362,959|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 7 to 20 form part of these financial statements.
Page 5
## **ELTHAM UNITED CHARITIES**
## **BALANCE SHEET AS AT 31 DECEMBER 2021**
|Note
**Fixed assets**
Tangible assets
12
Investments
14
Investment property
13
**Current assets**
Debtors
15
Cash at bank and in hand
Creditors: amounts falling due within one
year
16
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset**
**Total net assets**
**Charity funds**
Endowment funds
17
Restricted funds
17
Unrestricted funds
17
**Total funds**|7,749
328,439
336,188
(18,486)|2021
£
210,325
4,016,996
6,821,900
11,049,221
317,702
11,366,923
11,366,923
11,366,923
10,290,419
4,833
1,071,671
11,366,923|7,621
263,832
271,453
(19,557)|2020
£
216,511
3,574,502
6,320,050|
|---|---|---|---|---|
|||||10,111,063
251,896|
|||||10,362,959|
|||||10,362,959|
||||||
|||||10,362,959|
|||||9,443,116
4,833
915,010|
||||||
|||||10,362,959|
The financial statements were approved and authorised for issue by the Trustees on 15 August 2022 and signed on their behalf by:
## **Mr P Sowden**
## **Mrs A J Grant**
The notes on pages 7 to 20 form part of these financial statements.
Page 6
**ELTHAM UNITED CHARITIES**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
## **1. General information**
Eltham United Charities is a charity registered in the UK under number 223491 and operates from Fifteenpenny Fields, 8 Blunt Road, Eltham, London SE9 1HT
## **2. Accounting policies**
## **2.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Eltham United charities meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **2.2 Income**
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
## **2.3 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
## **2.4 Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
Page 7
**ELTHAM UNITED CHARITIES**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
## **2. Accounting policies (continued)**
## **2.5 Tangible fixed assets and depreciation**
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
- Freehold property 2% straight line
## **2.6 Investments**
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities.
Investments held as fixed assets are shown at cost less provision for impairment.
## **2.7 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **2.8 Cash at bank and in hand**
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **2.9 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
## **2.10 Financial instruments**
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
Page 8
**ELTHAM UNITED CHARITIES**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
## **2. Accounting policies (continued)**
## **2.11 Pensions**
The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.
## **2.12 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
## **3. Income from donations and legacies**
|Donations
Donations|Unrestricted
funds
2021
£
200
Unrestricted
funds
2020
£
25|Total
funds
2021
£
200|
|---|---|---|
|||Total
funds
2020
£
25|
## **4. Investment income**
|Investment income - local investment properties
Income from local listed investments
Investment income - local cash|Endowment
funds
2021
£
-
85,252
-
85,252|Unrestricted
funds
2021
£
110,569
20,053
27
130,649|Total
funds
2021
£
110,569
105,305
27|
|---|---|---|---|
||||215,901|
Page 9
**ELTHAM UNITED CHARITIES**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
## **4. Investment income (continued)**
|Investment income - local investment
properties
Income from local listed investments
Investment income - local cash|Endowment
funds
2020
£
-
99,822
-
99,822|Restricted
funds
2020
£
-
-
2
2|Unrestricted
funds
2020
£
94,547
18,044
329
112,920|Total
funds
2020
£
94,547
117,866
331|
|---|---|---|---|---|
|||||212,744|
## **5. Other incoming resources**
|Registration fees
Unrestricted
funds
2020
£
Registration fees
117|Total
funds
2021
£
-|
|---|---|
||Total
funds
2020
£
117|
## **6. Investment management costs**
|Investment property insurance
Investment property repairs
Investment property administration fees
Investment property rates and water
Stockbroker administration fee|Endowment
funds
2021
£
-
-
-
-
5,356
5,356|Unrestricted
funds
2021
£
2,446
6,799
177
96
2,444
11,962|Total
funds
2021
£
2,446
6,799
177
96
7,800|
|---|---|---|---|
||||17,318|
Page 10
## **ELTHAM UNITED CHARITIES**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
## **6. Investment management costs (continued)**
|Investment property insurance
Investment property repairs
Investment property administration fees
Investment property rates and water
Stockbroker administration fee
**7.**
**Analysis of expenditure on charitable activities**
**Summary by fund type**|Endowment
funds
2020
£
-
-
-
-
4,609
4,609|Unrestricted
funds
2020
£
2,575
18,701
2,248
694
2,163
26,381|Total
funds
2020
£
2,575
18,701
2,248
694
6,772|
|---|---|---|---|
||||30,990|
|||||
|Almspersons
Almspersons
**8.**
**Analysis of expenditure by activities**
Almspersons|Endowment
funds
2021
£
6,186
Endowment
funds
2020
£
6,186
Activities
undertaken
directly
2021
£
74,672|Unrestricted
funds
2021
£
88,826
Unrestricted
funds
2020
£
84,372
Support
costs
2021
£
20,340|Total
funds
2021
£
95,012|
|---|---|---|---|
||||Total
funds
2020
£
90,558|
||||Total
funds
2021
£
95,012|
Page 11
## **ELTHAM UNITED CHARITIES**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
## **8. Analysis of expenditure by activities (continued)**
|Almspersons
**Analysis of direct costs**
Staff costs
Depreciation
Pensions & grants
Rates & water
Light & heat
Repairs & maintenance
Professional
Office expenses
Social events & Christmas gifts
Staff costs
Depreciation
Pensions & grants
Rates & water
Light & heat
Repairs & maintenance
Professional
Office expenses
Social events & Christmas gifts|Activities
undertaken
directly
2020
£
70,991|Support
costs
2020
£
19,567
Almspersons
2021
£
15,130
6,186
600
7,149
7,663
32,324
4,219
630
771
74,672
Almspersons
2020
£
14,689
6,186
670
5,607
7,466
31,154
4,005
631
583
70,991|Total
funds
2020
£
90,558|
|---|---|---|---|
||||Total
funds
2021
£
15,130
6,186
600
7,149
7,663
32,324
4,219
630
771|
||||74,672|
||||Total
funds
2020
£
14,689
6,186
670
5,607
7,466
31,154
4,005
631
583|
||||70,991|
Page 12
## **ELTHAM UNITED CHARITIES**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
## **8. Analysis of expenditure by activities (continued)**
## **Analysis of support costs**
|Staff costs
Insurance
Accountancy
Professional
Telephone
Office expenses
Governance costs
Staff costs
Insurance
Accountancy
Professional
Telephone
Office expenses
Governance costs
**9.**
**Independent examiner's remuneration**|Almspersons
2021
£
13,856
1,749
1,500
780
595
1,000
860
20,340
Almspersons
2020
£
13,501
1,718
1,347
785
721
665
830
19,567|Total
funds
2021
£
13,856
1,749
1,500
780
595
1,000
860|
|---|---|---|
|||20,340|
|||Total
funds
2020
£
13,501
1,718
1,347
785
721
665
830|
|||19,567|
||||
The independent examiner's remuneration amounts to an independent examiner fee of £830 (2020 - £800).
Page 13
## **ELTHAM UNITED CHARITIES**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
## **10. Staff costs**
|2021
£
Wages and salaries
27,736
Contribution to defined contribution pension schemes
1,249
28,985
The average number of persons employed by the Charity during the year was as follows:
2021
No.
Management staff
2|2020
£
26,977
1,213|
|---|---|
|||
||28,190|
||2020
No.
2|
No employee received remuneration amounting to more than £60,000 in either year.
## **11. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits (2020 - £NIL).
During the year, no Trustee expenses have been incurred (2020 - £Nil).
Page 14
**ELTHAM UNITED CHARITIES**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
|**12.**
**Tangible fixed assets**
**Cost or valuation**
At 1 January 2021
At 31 December 2021
**Depreciation**
At 1 January 2021
Charge for the year
At 31 December 2021
**Net book value**
At 31 December 2021
At 31 December 2020
**13.**
**Investment property**
**Valuation**
At 1 January 2021
Surplus on revaluation
At 31 December 2021|Freehold
property
£
309,297|
|---|---|
||309,297|
||92,786
6,186|
||98,972|
||210,325|
||216,511|
||Freehold
investment
property
£
6,320,050
501,850|
||6,821,900|
The 2021 valuations were made by I Skinner FNAVA of Bernard H Skinner & Co, on an open market value for existing use basis.
Page 15
## **ELTHAM UNITED CHARITIES**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
## **14. Fixed asset investments**
|**Cost or valuation**
At 1 January 2021
Additions
Disposals
Revaluations
At 31 December 2021|Listed
investments
£
3,574,502
133,897
(60,346)
368,943|
|---|---|
||4,016,996|
## **15. Debtors**
|**Due within one year**
Prepayments and accrued income|2021
£
7,749
7,749|2020
£
7,621|
|---|---|---|
||||
|||7,621|
## **16. Creditors: Amounts falling due within one year**
|Trade creditors
Other creditors|2021
£
1,213
17,273
18,486|2020
£
1,213
18,344|
|---|---|---|
||||
|||19,557|
Page 16
## **ELTHAM UNITED CHARITIES**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
## **17. Statement of funds**
## **Statement of funds - current year**
|**Unrestricted**
**funds**
General Funds -
all funds
**Endowment**
**funds**
Special range
fund
General fund
capital account
**Restricted**
**funds**
Thomasin
Sampson
(apprenticing)
charity fund
**Total of funds**|Balance at 1
January
2021
£
915,010
8,845,203
597,913
9,443,116
4,833
10,362,959|Income
£
130,849
55,174
30,078
85,252
-
216,101|Expenditure
£
(100,788)
(6,186)
(5,356)
(11,542)
-
(112,330)|Transfers
in/out
£
30,078
-
(30,078)
(30,078)
-
-|Gains/
(Losses)
£
96,522
803,671
-
803,671
-
900,193|Balance at
31
December
2021
£
1,071,671|
|---|---|---|---|---|---|---|
|||||||9,697,862
592,557|
|||||||10,290,419|
|||||||4,833|
|||||||11,366,923|
Page 17
## **ELTHAM UNITED CHARITIES**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
## **17. Statement of funds (continued)**
## **Statement of funds - prior year**
|**Unrestricted**
**funds**
General Funds -
all funds
**Endowment**
**funds**
Special range
fund
General fund
capital account
**Restricted**
**funds**
Thomasin
Sampson
(apprenticing)
charity fund
**Total of funds**|Balance at
1 January
2020
£
871,499
8,507,972
602,522
9,110,494
4,831
9,986,824|Income
£
113,062
69,415
30,407
99,822
2
212,886|Expenditure
£
(110,753)
(6,186)
(4,609)
(10,795)
-
(121,548)|Transfers
in/out
£
30,407
-
(30,407)
(30,407)
-
-|Gains/
(Losses)
£
10,795
274,002
-
274,002
-
284,797|Balance at
31
December
2020
£
915,010|
|---|---|---|---|---|---|---|
|||||||8,845,203
597,913|
|||||||9,443,116|
|||||||4,833|
|||||||10,362,959|
Page 18
## **ELTHAM UNITED CHARITIES**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
## **18. Summary of funds**
## **Summary of funds - current year**
|General funds
Endowment
funds
Restricted funds|Balance at 1
January
2021
£
915,010
9,443,116
4,833
10,362,959|Income
£
130,849
85,252
-
216,101
Income
£
113,062
99,822
2
212,886|Expenditure
£
(100,788)
(11,542)
-
(112,330)
Expenditure
£
(110,753)
(10,795)
-
(121,548)|Transfers
in/out
£
30,078
(30,078)
-
-
Transfers
in/out
£
30,407
(30,407)
-
-|Gains/
(Losses)
£
96,522
803,671
-
900,193
Gains/
(Losses)
£
10,795
274,002
-
284,797|Balance at
31
December
2021
£
1,071,671
10,290,419
4,833|
|---|---|---|---|---|---|---|
|||||||11,366,923|
|||||||Balance at
31
December
2020
£
915,010
9,443,116
4,833|
|**Summary of funds - prior year**|||||||
|General funds
Endowment
funds
Restricted funds|Balance at
1 January
2020
£
871,499
9,110,494
4,831
9,986,824||||||
|||||||10,362,959|
## **19. Analysis of net assets between funds Analysis of net assets between funds - current year**
|Tangible fixed assets
Fixed asset investments
Investment property
Current assets
Creditors due within one year
**Total**|Endowment
funds
2021
£
210,325
3,167,027
6,821,900
109,653
(18,486)
10,290,419|Restricted
funds
2021
£
-
-
-
4,833
-
4,833|Unrestricted
funds
2021
£
-
849,969
-
221,702
-
1,071,671|Total
funds
2021
£
210,325
4,016,996
6,821,900
336,188
(18,486)|
|---|---|---|---|---|
|||||11,366,923|
Page 19
**ELTHAM UNITED CHARITIES**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
## **19. Analysis of net assets between funds (continued)**
## **Analysis of net assets between funds - prior year**
|Tangible fixed assets
Fixed asset investments
Investment property
Current assets
Creditors due within one year
**Total**|Endowment
funds
2020
£
216,511
2,830,403
6,320,050
95,709
(19,557)
9,443,116|Restricted
funds
2020
£
-
-
-
4,833
-
4,833|Unrestricted
funds
2020
£
-
744,099
-
170,911
-
915,010|Total
funds
2020
£
216,511
3,574,502
6,320,050
271,453
(19,557)
10,362,959|
|---|---|---|---|---|
## **20. Pension commitments**
The Charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Charity in an independently administered fund. The pension cost charge represents contributions payable by the Charity to the fund and amounted to £1,249 (2020 - £1,213). Contributions totalling £Nil (2020 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.
Page 20