2022-03-31-accounts - Estate Charity Of William Hatcliffe

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Trustees	Mr A C Blundy	(Chair)	(Chair)
	Mr G Kirby (Vice chair)
	Mr R Hough (Vice		Chair)
	Reverend S Hall
	Mrs W Kirkman
	Mr J Watson
	Reverend TGeode
	Ms H Mclntosh
	Ms C Melville
	Reverend SWinn			(Appointed	14June 2021)
	Counollor P Slattery			(Appointed	7September 2021)
	Mr R Clough			(Appointed	14September 2021)
Clerk tothe Trustees	Ms 5Tearle			(Appointed	1September 2021)
Charity number	227720
Principal address	St.Margaret's	Visitor Centre
	Brandram Road
	Lewisham
	London
	SE13SEA
Auditor	HW Fisher LLP
	Acre House
	11-15William	Road
	London
	NW1 3ER
	United Kingdom
Bankers	The Co-operative		Bank
	88Comhill
	London
	EC3V 3NJ
	CAF Bank Limited
	25 Kings Hill Avenue
	Kings Hill
	West Mailing
	Kent
	ME194JQ
	Handelsbanken
	1 C res swell Park
	Blackheath
	London
	SE39RD

Solicitors		Grant Saw	Solicitors	Solicitors
		Wood Wharf Building
		Horseferry	Place
		London
		SE109BB
		Thackray Williams		LLP Solicitors
		32 - 40 Widmore		Road
		Bromley
		Kent
		BR11RY
Property	managers	Daniel Watney
		169Fleet Street
		London
		EC4A 2DW

			Page
Trustees' report			1-5
Statement of	Trustees'	responsibilities
Independent	auditor's	report	7-9
Statement of	financial	activities	10-11
Ba Ianca sheet			12
Statement of	cash flows		13
Notes to the	financial	statements	14-24

The Trustees who served during the year and up to date ofsignature	The Trustees who served during the year and up to date ofsignature	The Trustees who served during the year and up to date ofsignature	ofthe financial statements
Mr A C Blundy (Chair)
Mr G Kirby (Vice chair)
Mr R Hough (Vice-chair)
Mr G A Coulson	(Resigned	14th March 2022)
Reverend S Hall
Mr A Austin	(Resigned	1June 2022)
Mrs W Kirkman
Mr J Watson
Reverend TGoode
Ms H Mclntosh
Ms C Melville
Reverend SWinn	(Appointed	14th June 2021)
Councillor P Slattery	(Appointed	7th September 2021)
Mr CIcal	(Appointed	14th September	2021 and deceased 11th May 2022)
Mr R Clough	(Appointed	14th September	2021)

Current financial year
				Unrestricted	Unrestricted	Endowment	Total	Total
				funds	funds	funds
				general	designated
				2022	2022	2022	2022	2021
								(Restated)
			Notes					E
lfigstgtgL02m;
Rental and other investment		income	3	1,927,772			1,927,772	1,960,355
~Fx ~ni~n:
Raising funds			4	907,569			907,569	1,089,650
~gb)ggF3(yifigg
Grants and donations			5	549,943			549,943	533,394
Total charitable expenditure				549,943			549,943	533,394
Total resources expended				1,457,512			1,457,512	1,623,044
Net gains on investments						2,598,992	2,598,992	841,392
Net incoming resources before transfers				470,260		2,598,992	3,069,252	1,178,703
Gross transfers between	funds		15gr 16	(943,008)		943,008
Net movement in funds				(472,748)		3,542,000	3,069,252	1,178,703
Fund balances at 1April 2021
As originally reported				61,595,000	60,102		61,655,102	60,481,231
Pnor year adjustment			22	(61,576,344)	18,766	61,595,000	37,422	32,590
As restated				18,656	78,868	61,595,000	61,692,524	60,513,821
Fund balances at 31March		2022		(454,092)	78,868	65,137,000	64,761,776	61,692,524

Prior financial	year
					Unrestricted	Unrestricted	Endowment	Total
					funds	funds	funds
					general	designated
					2021	2021	2021	2021
					(Restated)	(Restated)	(Restated)	(Restated)
				Notes	E	E	E	E
lggttgt&L02m;
Rental and other investment			income		1,960,355			1,960,355
~Fx ~a)an:
Raising funds				4	546,059	543,591		1,089,650
Grants and donations					533,394			533,394
Total charitable	expenditure				533,394			533,394
Total resources	expended				1,079,453	543,591		1,623,044
Net gains on investments				10			841,392	841,392
Net incoming resources before transfers					880,902	(543,591)	841,392	1,178,703
Gross transfers	between	funds		15&16	(863,156)	622,459	240,697
Net movement	in funds				17,746	78,868	1,082,089	1,178,703
Fund balances	at 1April 2020
As originally reported					60,481,231			60,481,231
Prior year adjustment					(60,480,321)		60,512,911	32,590
As restated					910		60,512,911	60,513,821
Fund balances	at 31March		2021		18,656	78,868	61,595,000	61,692,524

									2022		2021
					Notes			6			6
											(Restated)
Fixed assets
Investment	properties									65,137,000	61,595,000
Current assets
Debtors								60,862			88,249
Cash at bank and in		hand					506,811				197,142
							567,673				285,391
Creditors: amounts		falling due within one year			13		(150,897)				(187,867)
Net current	assets									416,776	97,524
Total assets	less current		liabilities							65,553,776	61,692,524
Creditors: amounts		falling due after more than
one year					14					(792,000)
Net assets										64,761,776	61,692,524
Capital funds
Endowment	funds									65,137,000	61,595,000
Income funds
)JDfgs(f)c(gdtu0ds
Designated	funds				16			78,868			78,868
General unrestricted		funds					(454,092)				18,656
										(375,224)	97,524
										64,761,776	61,692,524
						23Jun	2023
The financial	statements		were approved	by the	Trustees on	.........................
	i3(
Mr A C Blundy (Chair)						Mr G Kirby		(Vice	chair)
Trustee						Tnlstee

						2022		2021
					Notes	6		6
								(Restated)
Cash flows from operating		activities
Cash generated from/(absorbed			by) operations		20		460,677		(62,885)
Investing	activities
Capital expenditure on property						(943,008)		(240,697)
Net cash	used in investing	activities					(943,008)		(240,697)
Flnandng	activities
Proceeds	of new bank loans					792,000
Net cash	generated from/(used		in) finandng
activities							792,000
Net increase/(decrease) in		cash	and cash equivalents				309,669		(303,582)
Cash and	cash equivalents	at beginning		ofyear			197,142		500,724
Cash and	cash equivalents	at end ofyear					506,811		197,142

						Unrestricted	Unrestricted
						funds	funds
						general	general
						2022	2021
						6	6
							(Restatedj
Property	rental income					1,911,498	1,960,110
Otherlncome						15,022
Interest receivable						1,252	245
						1,927,772	1,960,355
Raising funds
				Unrestricted	Unrestricted	Unrestricted	Tote I
				funds	funds	funds
				general	general	designated
				2022	2021	2021	2021
				6	6	6	6
						(Restatedj	(Restated)
Major refurbishments				336,347		543,591	543,591
Utilities				37,505	22,048		22,048
Legal and	professional			177,804	183,398		183,398
Other fundraising		costs		2,113	9,180		9,180
Repairs, management			fees and other costs ofthe investment
properties				553,769	214,626	543,591	758,217
				353,800	331,433		331,433
				907,569	546,059	543,591	1,089,650

				Grants and	Grants and
				donations	donations
				2022	2021
				8	6
Grant	funding	ofactivities (see note 6)		500,000	500,000
Share	ofsupport costs (see note 7)			27,044	20,006
Share	ofgovernance		costs (see note 7)	22,899	13,388
				549,943	533,394

				Grants and	Grants and
				donations	donations
				2022	2021
				6	6
Grants to	institutions:
Greenwich	Charity of	William	Hatcliffe and the Misses Smith	250,000	250,000
Lee Charity ofWilliam		Hatcliffe		125,000	125,000
Lewisham	Almshouse	Charities		125,000	125,000
				500,000	500,000

Support costs
			Support costs	Governance	2022	Support costs	Governance	2021
				costs			costs
				E			E
Accountancy						2,100		2,100
Rent and bank	charges		9,728		9,728	6,926		6,926
Clerks fees			13,950		13,950	10,980		10,980
Loan interest			3,366		3,366
Audit fees				17,500	17,500		12,000	12,000
Trustees indemnity		insurance		1,350	1,350		1,288	1,288
Arrangement	fees			3,000	3,000
Trustees expenses				1,049	1,049
			27,044	22,899	49,943	20,006	13,388	33,394
Analysed between
Charitable activities			27,044	22,899	49,943	20,006	13,388	33,394

Endowment	Endowment
funds	funds
2022	2021
E	E
2,598,992	841,392

Investment	property
				2022
				6
Fair value
At 1April 2021				61,595,000
Capital expenditure		on property		943,008
Net gains or	losses through		fair value adjustments	2,598,992
At 31March	2022			65,137,000

Debtors
					2022	2021
Amounts falling due			within one year:		6	6
						(Reste tedj
Other debtors					8,287	13,807
Prepayments	and accrued income				52,575	74,442
					60,862	88,249
Creditors: amounts		falling due within one year
					2022	2021
					6	6
						(Restated)
Other creditors					10,975	10,975
Accruals and	deferred		income		139,922	176,892
					150,897	187,867
Creditors: amounts		falling due after more than one year
					2022	2021
				Notes	f	f
Bank loans					792,000

	Movement	Movement
	Balance at 1st	Transfers	Imrestments	Balance at	Transfers	Investments	Balance at
	Aprg 2020		gains/losses	1Aprit 2021		gains/lasses	31March 2022
	As restated		As restated	As restated
	E		E	E
Permanent	endowments
Endowment
fund	60,512,911	240,697	841,392	61,595,000	943,008	2,598,992	65,137,000

								Movement	in
								funds
				Balance at	Resort fees	Transfers (as	Balance at	Incoming		Balance at
			1	April 2020	expended (as	restated)	1April 2021(as	resources	(as	31March 2022
					restated)		radated)	restated)
					E		E		E	E
Property	Development	Fund			(543,591)	622,459	78,868			78,868
					(543,591)	622,459	78,868			78,868

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Cash generated from operations				2022	2021
				f	f
					(Restated)
Surplus for the year				3,069,252	1,178,703
Adjustments for:
Fair value gains and losses on investment		properties		(2,598,992)	(841,392)
Movements in working capital:
Decrease in debtors				27,387	44,052
(Decrease) in creditors				(36,970)	(444,248)
Cash generated from/(absorbed	by) operations			460,677	(62,885)
Analysis ofchanges in net debt
			At 1April 2021	Cash flows	At 31March 1022
			as restated
			f
Cash at bank and in hand			197,142	309,669	506,811
Loans falling due after more than	one year			(792,000)	(792,000)
			197,142	(482,331)	(285,189)

Changes tothe balance sheet
		2020	2021
	As previously	Adjustment	Adjustment	As restated
	reported
	8	f	f	f
Investment properties	61,595,000			61,595,000
Current assets
Debtors due within one
year	260,120	(129,088)	(42,783)	88,249
Bank and cash	152,549	122,326	(77,733)	197,142
Creditors due within one
year
Other creditors	(352,567)	39,352	125,348	(187,867)
Net assets	61,655,102	32,590	4,832	61,692,524
Capital funds
Endowment funds		60,512,911	1,082,089	61,595,000
Income funds
Designated funds	60,102		18,766	78,868
General funds	61,595,000	(60,480,321)	(1,096,023)	18,656
Total equity	61,655,102	32,590	4,832	61,692,524

Changes to the	Statement o	f Financial Activities
			Period	ended 31March 2021
			As previously	Adjustment	As restated
			reported
			6	6
Rental and other investment		income	1,974,289	(13,934)	1,960,355
Raising funds			1,108,416	(18,766)	1,089,650
Net movement	in funds		1,173,871	4,832	1,178,703