## ## |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|LLP| |---|---|---|---|---|---| |||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|are:| |---|---|---|---|---| |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| ## ## ## |7|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|in funds|||||| |---|---|---|---|---|---|---|---|---| ||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| |0||Iu
O|0
IU
rtl|ut||O
O
O
fl|d'
lu
ttt||tu| |---|---|---|---|---|---|---|---|---|---| ||||E|||Ul
ul|||UlD| |||||||ID|||D| |C
E|C
0|ru|Gl|W||Cl8|||| |0'0|||Gt||||||| |C|||||||||| |UJ|||||||||| |Q|Qt
C|tu|Il
Qt|tll|||||| |I||Iu|||||||| ||||I||||||| |GG|||G||||||| |QtO|||||||||| |Qt|0|O|||||||| |Qt0|||||||||| |0
I-||Iu
lu
Q
tu||||o|ul|08
Iu|ul| ||Ut
0
0|tu
Iu
O||||C
Cl
CI|||CI
QU
Cl| |||||||Im|||| |||||||ul|||| |||||||ID|||ID| |0 00 Q
c«'u|||||||||| |'0
QI
IG|N
0
C|PQ
tu
Q
Iu|||||QUO
Dl
Im
Ufl||lu8| |C|||||||||| ||||||0||||| ||||||Gt0||||| ||||||Q||||| ||||||Gl||||| ||||||Q||||| ||||||Gl||||| ||||||Gl||||| ||||||lutuCl
Iu||||| ||||||U||||| ||||||IG||Qt||| ||||||||D
IQ|.0|| ||||||U
tU
0|C|Qt|G|| ||||||IQ|IU||E|| ||||||Gt||C|Gl|| ||||||0
lu||Qt
UU|C
3|| ## ## ## ## |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|