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2021-10-31-accounts

Page
Report ofthe Trustees 1 to 6
Report ofthe Independent Auditors 7 to 8
Statement ofFinancial Activities
Balance Sheet 10
Notes to the Financial Statements 11 to 19

2021 2020
Unrestricted Total Total
funds funds funds
Notes S
INCOME FROM
Donations
received		 7,050 7,050 3,400
Charitable
activities		 2 130,623 130+23 132,693
Investment
income		 3 157@57 157@57 161,103
Total 295,030 295,030 297,196
EXPENDITURE ON
Raising funds 26+91 26,291 18,482
Charitable
activities
Charitable
activities		 147~3 147~3 131,335
Governance
costs		 44+25 44+25 41,186
Grants, Gifts and Donations 63/97 63+97 52,611
Total 281,696 281/96 243,614
Net income/(expenditure) and net movement
in funds before gains and losses on 13434 13,334 53,582
investments
Net gains/(losses)
on investments		 536/66 536/66 (188,020)
NET INCOME/(DEFICIT) 549,900 (134,438)
RECONCILIATION OF FUNDS
Balance at 31/10/2020 6,007~3 6,007483 6,142,021
Balance at 31/10/2021 6/57,483 6~7,483 6,007,583

2021 2020
Unrestricted Total Total
funds funds funds
Notes
FIXEDASSETS
Tangible assets 11 369,672 369,672 369,672
Investments
Investments 12 2,864,898 2,864+98 2,537,233
Investment
property		 13 2@86,000 2+86,000 2,188,664
5+20/70 5+20/70 5,095,569
CURRENT ASSETS
Debtors 15 28dt70 28+70 58,831
Cash at bank and in hand 946,436 946,436 890,578
975,406 975,406 949,409
CREDITORS
Amounts
falling		 due within one year 16 (38,493) (38,493) (37,395)
NET CURRENT ASSETS 936„dt13 936@13 912,014
NET ASSETS 6~7,483 6/57,483 6,007,583
FUNDS 17
Almshouse
Fund		 4+41+00 4,231s639
Relief in Need Fund 1,755,003 1,633,619
Extraordinary Repair Fund 161,080 142,325
TOTAL FUNDS 6/57,483 6,007,583

INVESTMENT INC OME
2021 2020
Rent received 86/03 88,739
Dividends 71,082 69,364
Charity
deposit fund interest		 56 1,380
Deposit account interest 16 1 620
~57357
RAISING FUNDS
Investment
management		 costs
2021 2020
f, f
Brokers costs 6,190 5,818
Property
agent fees		 9,075 7,865
Repairs and refurbishment to property ~11026 4799
26 91 18482
CHARITABLE ACTIVITIES COSTS
2021 2020
Wardens salaries and pension 23,121 23,929
Rates and water (1/82) 7,180
Insurance 6/50 7,110
Light and heat 36,090 32,750
Telephone 2+48 1,946
Sundry expenses 3/33 1,938
Repairs and rdurbishment to property 52/,19 40,704
Alarm costs 1F15 942
Careline costs 782 782
Garden Maintenance ZZP07 14,054
Gifts (as stated in note 9) 4/72 4,411
Grants and donations (as stated in note 9) 58+25 48,200
Governance
costs (as		 stated in note 6) ~44
25		 41 186
255 405 225 132
haritable
activities		 lit as below Almshouse Relied in
Need Totals
Warden salary 20,434 2,687 23,121
Gifts 4,572 4,572
Grants and donations 58,925 58,925
Governance
costs (as		 stated in note 6) 39,174 5,151 44,325
Other charitable activities 124 462 124 462
184070 71 335 255 405
GOVERNANCE COSTS
2021 2020
f
Clerks remuneration 32+56 31,540
Audit fees 4+60 4,560
Legal and professional fees 5,$56 4,142
Bank charges and interest ~1053 944
41 186

lit 1 Almshouse Almshouse Relied in Relied in
Need Totals
f
Clerks remuneration 29,038 3,818 32,856
Audit fees 4,030 530 4,560
Legal and professional fees 5,175 6&1 5,&56
Bank charges 931 122 'I 053
39,174 5,151 44,325
AUDITOR'S REMUNERATION
The auditor's
remuneration		 constituted an audit feeoff4,560(2020:f4,560).
TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 October 2021 nor for the year
ended 31 October 2020.
Trustees' expenses
There were no trustees' expenses paid
neither
for the		 year ended 31 October 2021 nor for the year e nded
31October 2020.
GRANTS AND DONATIONS
Following grants and donations were made during the year to 31stOctober 2021:
2021 2020
Education
and Youth		 49/00 47, 100
Grants to organisations $,625 600
Medical 500
Christmas
voucher scheme		 4,051 4,027
Other small donations 521 884
~63 497 52 611
STAFF COSTS
2021 2020
f f
Wages and salaries 23,121 22,781
Pension costs 1,14&
~23 121 23 929
The average monthly number ofemployees during the year was as follows:
2021 2020
Full-time 1 1
Part-time 2 1

Freehold
property
COST
At 1 November 2020 and 31October 2021 ~369
72
NET BOOKVALUE
At31 October 2021 369672
At 31 October 2020 369672
All assets included
in the tangible fixed assets are the Almshouses		 in use for the Charity.
All ofthe properties
owned by the Charity		 are now held by the official Custodian ofCharities.
FIXEDASSETINVESTMENTS
Listed Unlisted
investments investments Totals
f.
MARKET VALUE
At 1 November 2020 290733185 464904$ 2~77233
Additions 142,933 142+34
Disposals
Revaluations		 (1138867)
~290 99		 (113+7)
~298 99
At 31October 2021 ~2400
80		 464048 28864
98
At 31October 2020 2073 185 464 048 2 537233

MARKET VALUE
At I November 2020 and 31October 2021 2,188,664
Revaluation ~897 36
NET BOOKVALUE
At 31October 2021 ~28~6000
At 31October 2020 2 188664

OPERATING LEASE OPERATING LEASE
The table sets out a maturity analysis oflease payments to be received after the year end
2021 2020
f,
Expiring:
Within one year 96@10 87,667
Between one and two years 79,420 57,100
Between two and five years
~276
38		 144767
DEBTORS:AMOUNTS FALLING DUE WITfIIN ONE YEAR
2021 2020
Rental debtors 17,006 28,782
The Odiham Educational Charity
Prepayments
and accrued		 income 11,964 13,049
Loan (note 21) 17000
~28
70		 ~58 831
CREDITORS: AMOUNTS FALLING DUE WITHIN ONK YEAR
2021 2020
Other Creditors 36131 506
The Odiham Educational Charity 2,793 2,684
Accrued expenses 21,261 20,297
Deferred income ~10 08 13908
~38 493 37395

Net
movement
in
At 1.11.20 funds
f		 At31.10.21
f
Unrestricted funds
Almshouse 4/319639 409,761 4+41/00
Relief in need 1,633,619 121/84 1,755,003
Extraordinary Repair fund ~142 25 18755 161080
TOTAL FUNDS ~6007
83		 ~549
00		 ~657483
Net movement in funds, included in the above are as follows;
Incoming Resources Gains and Movement
in
resources expended losses funds
f
Unrestricted funds
Almshouse 259+53 (207866) 357+74 409,761
Relief in need 35/77 (74~0) 160,237 12lP$4
Extraordinary Repair fund 10755 10755
TOTAL FUNDS 295 030 ~281 6~96 ~536
66		 ~549 00
Comparatives for movement in funds
Net
movement
in
At 1.11.19 funds At31.10.20
f
Unrestricted funds
Almshouse 4/469482 (14+$3) 4~19639
Relief in need
Extraordinary		 Repair fund 1,755,260
140279		 (121,641)
2046		 1/33,619
~142 25
TOTAL FUNDS 6 142021 ~134 438 ~6007 583
Incoming Resources Gains and Movement
in
resources expended losses funds
f.
Unrestricted funds
Almshouse 260430 (180440) (95,033) (14/43)
Relief in need 36,666 (638,74) (95,033) (121~1)
Extraordinary Repair fund 2046 2046
TOTAL FUNDS 297196 243614 ~188 020 ~I34 438

with the 199 3Trust DeerL
2021 2020
Balance brought forward 142+25 140+79
Movement
during the year		 18,755 2,046
Reserve transfer
1~61 080 142325
ANALYSIS OFNET ASSETS BETWEEN FUNDS
Tangible Investments Net current Total Fund
Assets assets/
liabilities)
Unrestricted funds
Almshouse 369/72 3+745t27 696+01 4~1~0
Relief in Need Fund 1/14,891 240,112 1,755,003
Designated funds
Extraordinary Repair Fund 161 080 161080
TOTAL FUNDS 369672 5~5D 898 ~936 13 645~57 483
Comparatives
for movement		 in funds
Tangible Investments Net current Total Fund
Assets assets/
giabiTities)
Unrestricted ftmds
Almshouse 369,672 3,223,136 63LP31 4,231,639
Relief in Need Fund 1/609436 273,183 1,633,619
Designated funds
Extraordinary Repair Fund ~142 25 ~242
25
TOTAL I1VNDS 369672 4~725 897 912014 640007 583