2021-12-31-accounts - The Charterhouse

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Trustees	Mrs S E Whittaker	Mrs S E Whittaker	MBE
	Hon. Alderman	Mrs	A Stanley
	Mr J L Fareham
	Revd J Hargreave
	Councillor R Pantelakis
	Councillor C Randall
	Fr P Lamb
	Mr S Chaytor
	Mr P Mann			(Appointed	6 September
				2021)
Charity number	225257
Auditor	Smailes Goldie
	Regent's Court
	Princess Street
	Hull
	HU2 8BA
Solicitors	Andrew Jacksun
	15A Marina Court
	Castle Street
	Hull
	I II IA 4% I l1UI I IJ

		Page
Trustees' report		1-4
Statement oftrustees'	responsibilities
Independent auditor's	report	6-9
Statement offinancial	activities	10
Balance sheet
Statement ofcash flows		17
Notes to the financial	statements	12-32

				Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
				funds	funds		funds	funds
		Notes		2021	2021f		2020 f	2020	2020
Income and end	wments		from:
Donations and legacies							15,682		15,682
Charitable activities				155,560		155,560	134,845		134,845
Investments				141,221	70	141,291	137,261	175	137,436
Other income				2,137		2,137	4,250		4,250
Total income				298,918	70	298,988	292,038	175	292,213
Ex enditure on:
Raising funds				44,542	78	44,620	38,643	42	38,685
Charitable activities			9	383,042		383,042	422,431		422,431
Total expenditure				427,584	78	427,662	461,074	42	461,116
Net gains on
investments			13	182,736	87	182,823	(156,245)	(538)	(156,783)
Net incoming/(outgoing)
resources before	transfers			54,070	79	54,149	(325,281)	(405)	(325,686)
Gross transfers
between funds				70	(70)		174	(174)
Net incoming/(outgoing)
resources				54,140	9	54,149	(325,107)	(579)	(325,686)
Other recognised	gains	and		losses
Actuarial gain/(loss)	on
defined benefit pension
schemes				4,000		4,000	(80,000)		(80,000)
Net movement in funds				58,140	9	58,149	(405,107)	(579)	(405,686)
Fund balances at 1	January
2021				4,868,536	5,045	4,873,581	5,273,643	5,624	5,279,267
Fund balances at	31
December 2021				4,926,676	5,054	4,931,730	4,868,536	5,045	4,873,581

							2021		2020
						Notes
Fixed assets
Tangible assets						14		1,908,149		1,940,455
Investment	properties					15		675,000		675,000
Investments						16		2,494,790		2,456,601
								5,077,939		5,072,056
Current assets
Debtors						18	15,930		22,679
Cash at bank and		in hand					13,809		15,137
							29,739		37,816
Creditors:	amounts		falling due		within	21
one year							(72,369)		(83,854)
Net cuiieiil	liabilities							(42,030)		(46,037)
Total assets less		current		liabilities				5,035,309		5,026,019
Creditors:	aimioui	its	falling due		ciftei
more than	one year							(101,579)		(146,438)
Net assets	excluding		pension		liability			4,933,730		4,879,581
Defined benefit pension				liability		23		(2,000)		(6,000)
Net assets								4,931,730		4,873,581
Income funds
Restricted	funds					24		5,054		5,045
Unrestricted	funds
Designated	funds					25	3,249,496		3,128,904
General unrestricted			funds				1,677,180		1,745,632
								4,926,676		4,868,536
								4,931,730		4,873,581

					2021		2020
				Notes
Cash flows from operating			activities
Cash absorbed by operations				29		(267,145)		(261,144)
Investing	activities
Purchase	of investments				(349,724)		(107,749)
Proceeds	on disposal of investments				494,358		226,051
Interest received					141,291		137,436
Net cash	generated from	investing
activities						285,925		255,738
Financing	activities
Repayment of bank loans					(43,282)		15,773
Payment	ofobligations under		finance
leases					(5,935)		(5,935)
Net cash	(used in)/generated		from
financing	activities					(49,217)		9,838
Net (decrease)/increase		in	cash and	cash
equivalents						(30,437)		4,432
Cash and	cash equivalents	at beginning		ofyear		15,137		16,706
Cash and	cash equivalents		at end of	year		13,809		15,137

		Total	Unrestricted
			funds
		2021f	2020 E
Legacies	receivable		15,682

			Maintenance	Maintenance
			contribution	contribution
			2021	2020
			E	F
Charitable	income	- WMC	155,560	134,845

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2021	2021	2021	2020	2020	2020
					E	E	E	f
Commercial		rental
income			59,198		59,198	50,360		50,360
Investment		income from
dividends	and interest		82,023	70	82,093	86,901	175	87,076
			141,221	70	141,291	137,261	175	137,436

		Unrestricted	Total
		funds
		2021	2020
		E	E
Other	income	2,137	4,250

				Unrestricted	Restricted	Total	Total
				funds	funds
				2021	2021	2021	2020
				E	E	E	f
Investment		ro e	costs
Other trading		activities		18,463		18,463	18,355
Investment	mana		ement	26,079	78	26,157	20,330
				44,542	78	44,620	38,685
For the year		ended 31 December 2020
Investment	property costs			18,355			18,355
Investment	management			20,288	42		20,330
				38,643	42		38,685

		Supported	Property	Total	Total
		accommodation	maintenance	2021	2020
		2021	2021
			E
Staff costs		148,180		148,180	141,085
Depreciation and impairment			32,306	32,306	32,306
Water		6,724		6,724	6,106
Council tax on voids		4,701		4,701	1,278
Insurance		11,572		11,572	16,668
Energy costs		14,734		14,734	17,261
Responsive maintenance			21,347	21,347	19,015
Planned maintenance			68,257	68,257	105,116
Garden maintenance			10,965	10,965	8,635
Serviced maintenance			4,862	4,862	7,652
Cleaning costs			5,440	5,440	4,704
Professiorral fees			18,519	10519	25,120
WMC written off		1,430		1,430
		187,341	161,696	349,037	384,946
Share of support costs (see note 10)		30,585		30,585	33,945
Share ofgovernance	costs (see note 10)	3,420		3,420	3,540
		221,346	161,696	383,042	422,431

Support cost	s
		Support	Governance	2021	2020	Basis ofallocation
		costs	costs
		f	E
Clerks fees		16,500		16,500	16,900
Printing and stationery		332		332	1,345
Telephone		2,639		2,639	2,363
Subscriptions	and
donations		1,779		1,779	622
Travelling expenses		483		483	34
Bank charges		379		379	1,255
Sundry expenses		2,749		2,749	5,250
Loan interest		6,208		6,208	6,177
Audit fees			3,420	3,420	3,540	Governance
		30,585	3,420	34,006	32,188
Analysed between
Charitable activities		30,585	3,420	34,005	32,188

The averag	e monthly number employees during the y	ear was: 4 (2020 - 4)
		2021	2020
		Number	Number
Pastoral
Supported	accommodation
Employment costs		2021f	2020
Wages and	salaries	129,961	119,576
Social security costs		6,256	4,925
Other pension costs		11,963	16,584
		148,180	141,085

Net gains/(l	osses)	on investments
		Unrestricted	Restricted	Total	Unrestricted	Restncted	Total
		funds	funds		funds	funds
		2021	2021	2021f	2020 E	2020	2020 E
Revaluation	of
investments		182,736	87	182,823	(156,245)	(538)	(156,783)

14	Tangible fixed assets	Tangible fixed assets
				Land and	Plant and	Total
				buildingsf	equipmentf
	Cost
	At 1 January	2021		1,990,000	15,067	2,005,067
	At 31 December 2021			1,990,000	15,067	2,005,067
	Depreciation	and impairment
	At 1 January	2021		61,600	3,012	64,612
	Depreciation	charged	in the year	30,800	1,506	32,306
	At 31 December 2021			92,400	4,518	96,918
	Carrying amount
	At 31 December 2021			1,897,600	10,549	1,908,149
	At 31 December 2020			1,928,400	12,055	1,940,455
15	Investment	property
						2021f
	Fair value
	At 1 January	2021 and	31 December 2021			675,000

	2021	2020
		f
Freehold	675,000	675,000
Long leasehold
Shortleasehold

16	Fixed asset investmen	ts
				Listed	Cash in	Total
				investments	portfolio
				F
	Cost or valuation
	At 1 January 2021			2,318,572	138,029	2,456,601
	Additions			349,724		349,724
	Valuation changes			182,823	119,116	301,939
	Net Movement			(613,474)		(613,474)
	At 31 December 2021			2,237,645	257,145	2,494,790
	Carrying amount
	At 31 December 2021			2,237,645	257,145	2,494,790
	At 31 December 2020			2,318,572	138,029	2,456,601
17	Financial instruments				2021	2020
	Carrying amount offinancial assets
	Instruments measured	at fair value through	profit or loss		2,237,645	2,318,572
18	Debtors
	Amounts falling due	within one year:			2021f	2020f
	Trade debtors				10,901	15,906
	Prepayments and accrued income				5,029	6,773
					15,930	22,679
19	Loans and overdrafts
					2021	2020f
	Bank loans				144,861	188,143
	Payable within one year				43,282	41,705
	Payable after one year				101,579	146,438

21	Creditors:	amounts	falling due within one year
				Notes	2021 E	2020f
	Bank loans			19	43,282	41,705
	Obligations	under finance leases		20		2,168
	Other taxation and social security				3,436	2,507
	Trade creditors				842	2,169
	Other creditors				(114)
	Accruals and deferred		income		24,923	35,305
					72,369	83,854
22	Creditors:	amounts	falling due after more than one year
				Notes	2021 E	2020f
	Bank loans			19	101,579	146,438

Mortality	assumptions	assumptions
The assumed		life expectations	on retirement	at age 65 are:
					2021	2020
					Years	Years
Retiring	today
- Males
- Females
Retiring	in 20	years
- Males
- Females

Amounts rec	og	nised in	the profit	and los	s accoun	t:
										2021	2020
										E
Current service		cost									25,000
Net interest on		defined	benefit liability/(asset)								(2,000)
Amounts taken		to other	comprehensive		income:
										2021	2020
										E
Actual return	on scheme		assets								38,000
Less: calculated		interest	element								14,000
Actuarial changes related to obligations											22,000
The amounts		included	in the	balance	sheet	arising	from	the	charity's
obligations in	respect ofdefined			benefit plans are		as follows:
										2021 E	2020f
Present value	ofdefined		benefit	obligations							538,000
Fair value of	plan assets										(532,000)

Retirement benefit schemes					(Continued)
Movements in the present value of defined				benefit obligations:
					2021
Liabilities at 1 January 2021					538,000
Liabilities assumed in a business			combination		(538,000)
At 31 December 2021
The defined benefit obligations		arise from plans funded as follows:
					2021
Wholly unfunded obligations
Wholly or partly funded obligations
The defined benefit obligations		arise from plans which are wholly or partly funded.
Movements in the fair value of		plan assets:
					2021
					E
Fair value ofassets at 1 January			2021		532,000
Other					(532,000)
At 31 December 2021
Movement in reimbursement	rights recognised as an asset:
					2021
					F
At 1 January 2021
At 31 December 2021

						Movement	in funds	in funds			Movement	Movement	in funds
			Balance at		Incoming	Outgoing Gains		and loss	Transfers	Balance at	Incoming	Outgoing Gains and		loss	Transfers	Balance at
			1 January	2020	resources	resources			1January 2021		resources	resources				31 December
																2021
										E						E
H J Barney				5,623	175	(42)		(537)	(174)	5,046	70	(78)		87	(70)	5,054
Designated	funds
The income	funds		ofthe charity		include the following designated			funds which have been set aside out of unrestricted				funds by	the trustees		for specific purposes:
						Movement in funds					Movement		in funds
					Balance at	Incoming		Outgoing	Gains and	Balance at	Incoming	Outgoing	Gains	and	Transfers	Balance at
					1 January 2020	resources	resources		lossesi January 2021		resources	resources	losses			31 December
																2021
						f			E	F					E	E
Cyclical repair					35,043	813		(22,266)	(6,378)	7,212	70	(78)		87	(2,237)	5,054
Extraordinary		repair			402,757	12,732		(92,753)	(31,393)	291,343	8,301	(2,472)	2,904		(98,654)	201,422
Capital					1,484,360	50,792	(107,402)		(69,363)	1,358,387	50,927	(16,174)	102,022		77,896	1,573,058
FA revaluation		reserve			1,471,962					1,471,962						1,471,962
Pension reserve			fund		(80,000)				74,000	(6,000)			4,000			(2,000)
					3,314,122	64,337	(222,421)		(33,134)	3,122,904	59,298	(18,724)	109,013		(22,995)	3,249,496

Analysis of net assets	Analysis of net assets	between funds
		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		Fund	Funds		Fund	Funds
		2021	2021	2021	2020	2020	2020
		E		f		F
Fund balances at 31
December	2021 are
represented	by:
Tangible assets		1,908,149		1,908,149	1,940,455		1,940,455
Investment	properties	675,000		675,000	675,000		675,000
Investments		2,489,736	5,054	2,494,790	2,451,556	5,045	2,456,601
Current assets/
(liabilities)		(42,630)		(42,630)	(46,038)		(46,038)
Long term	liabilities	(101,579)		(101,579)	(146,438)		(146,438)
Provision sand
pensions		(2,000)		(2,000)
		4,926,676	5,054	4,931,730	4,874,535	5,045	4,879,580

Analysis of	chan	ges in net (debt)/funds
			At 1 January	Cash flows	At 31 December
			2021f	E	2021
Cash at bank and		in hand	15,137	(1,328)	13,809
Loans falling	due	within one year	(41,705)	(1,577)	(43,282)
Loans falling	due	after more than one year	(146,438)	44,859	(101,579)
Obligations	under	finance leases	(2,168)	2,168
			(175,174)	44,122	(131,052)

Cash generated from operations	Cash generated from operations				2021	2020
						E
Surplus/(deficit) for the year					54,149	(325,686)
Adjustments for:
Investment income recognised	in statement		offinancial	activities	(141,291)	(137,436)
Fair value gains and losses on	investments				(182,823)	156,783
Depreciation and impairment oftangible		fixed assets			32,306	32,306
Difference between pension charge and		cash contributions			(2,000)	6,000
Movements in working capital:
Decrease in debtors					6,749	601
(Decrease)/increase in creditors					(10,894)	6,288
(Decrease) in provisions					2,000
Cash absorbed by operations					(241,804)	(261,144)