2020-12-31-accounts

THE POORS LAND CHARITY (W(K)DLEY SANDFORD & CHARVIL CHARITABLE TRUST ANNUAL REPORT AND ACCOUNTS FOR THE YEAR TO 31st DECEMBER 2020

TF￿ POORS, LAND CHARITY ST ANNUAL REPORT FOR THE YEAR TO 3 1 DECEMBER 2020 The Trustces". Mrs Pyduline Allen (Chainnan - 5 year terni of office to l O July 2021) - Co-opted Mr Rodney Huggins {Vicc£hainnan - 5 Y￿ tenn of ofFice to 10 January 2025) - Co-opted Mr Michael Mitchell (5 year tenM of office to 25th Febnwy 2024}- Co-optcd Mr5 Sonia Boyles (5 year tenn of office to 3 Octob 2022) - Co-opted Mrs Jane Batts (5 year terni of office to 26 ' Fcbnjary 20A? )_ Co-opted Mrs Shelagh Flower (4 year terni of office to 31" May 2024)- Woodley Town Council M5 Jennifer Cheng (4 year tern] of office to 31", May 2024) - Woodley Town Council Mr David Mills (4 year term of office to 5 June 2022)- Woodley Town Council Mrs Beth Rowland (Term of offic¢ from 10 ' Dccembcr 2019 to 5 ' June 2022) - Woodley Town Council Mrs Lauren Mccann (4 year ter￿ of office to 8 May 2022)- Charvil Patish Council Mr Abdul Loyes (4 year tern] of office to 31" May 2023) - Wokin ham Borou h Council Mrs E M Fidler Clerk to the Trustees". Office Address.. 4 Tiverton Close Woodley Reading RG5 3BE Lloyds Bank Pl Bracknell Bcrkshire Nigel Hunt Thompson Leatherdale 61 London Street Reading RGI 4PS ChristophcT Tapp RIBA Bankrys: Solicitors: Architect= Auditor and Accow]ting & Tax Advisers.. Edwin Smith 32 Queens Road Reading Bcrkshire 242574 ESA2366 Chari Commission re istration number= ulator of Social Housin re istration number:

THE POORS, LAND CHARrrY ST ANNUAL REPORT FOR THE YEAR TO 31 DECEMBER 2020 Back lu its CUETent forni The Poor's Land Charity {Woodley, Sandford and Charvtl Charilablc TDJst} was established on the I l July, 1972 and previously was known as the Fuel Allotment Cknty. Allottnent land belonging to the c.harity in Woodley was used for providing thel which was allocated to those in need who were residenf in tbe parishes of Woodley, SandfoTd and Chatvil. In 1990 the Charity Cominissioncr8 approved a scheme for th¢ regulation of the Charity. In the 1970s the allotment land was sold and the proceeds used to purchase and develop a parcel of land and provide residenÉial properties in Woodley. This site was called Cedar Place and situated in Loddon Bridge Road. Woodley. Fourteen flats and four bungalows were constructed from 1979 to 1993 to pi"ovid¢ Almshouses for the poor. An adjacent bungalow was purchased in 2000 to factlitate the ￿tllre development of Cedar Plac¢. Ob'eedves The governing scheme empowered the Trustees to relieve hardship by:" (a) Housing persons in need in purpose built accommodation (Almsbouses). Tlie occupiers were dTawn from within the parish¢5 of Woodley, Sandford and Charvil. (b) Making donations ill kind to residents of Woodley, Sandford alld Charvil and adjacettt parishes as "Relief in Need" (c) Applying income for the general benefit of residents ot Woodley, Sandford and Charvil and adjacent paiishes. anisation The Poor's Land Charity was served by eleven Trustee8 during the year, of whon) five were co-opted and six were nominated appointhients. At a meeting held on 22 January, 2020 Mrs Pathine Allen was re-appointed as Chairn]an and Mr. Rodney Huggins re-appoitlted as Vice Chairn]all. Mr. David Fidlcr agreed to continue as Treasurer in a non-TTUStee position. Mrs. Allen continued as the representative of the Earley Day Ccntre. Mr Rodney Hllggius agreed to renew his appointmcnt foi anotlier five years to 10 January 2025, The Tnjstees IDet regulaj'ly to disciiss and agree tlie n]anageineDt of the Charity. Ten mectings were held in 2020 and a MiiLUte Book was maintained. Due to the Covidl 9 pand￿￿1¢ Trustce ineetings trom March 2020 onwaTd5 were held Temotely with oii-line attelldallce. Policies & Procedures Tbe Complaints proccdure was amcndcd to bring it into line with the Hou.sing Ombudsman's Complaint Handling Code re1¢2sed in July 2020 and the resident's handbook was updated to include the Code.

THE POORS. LAND CHARITY ST ANNUAL RF.PORT FOR THE YEAR TO 3 1 DECEMBER 2020 of Public Beneflt Dellve Housin Wokingham District Council provided funding for the constrnction of ten flats and hold the iioinination riglits for five of these flats for a period of 60 years from 13 October, 1978. This proviso was documented in the mortgage deed (the moitgage loan was i'epaid in 2004}. Planning pemission relating to the four flats and four bungalows built in 1993 included a claiise to the effect that applicant5 bad to be Ov￿. 60 year8 of age. Whilst there was no age restrictlOD for the ten flats built in l979, they were built with the elderly in mind. In total there are eighteen Almshouse units, consisting of fourteen flats and four bungalows administered by the Charity. All residents had originally beell appointed by the Trustees from the parislies of Woodley, Sandford and Charvil oi. had beeD norninated by Wokingham Borough Coulluil as I￿ProP[Lat¢. Thcie Wds Olle VdLaiit unit at 31 December 2020. Maintenance Charges were increased fi'oin I" Marcli 2020 in line witli statutory requireinents applicable to registered housing PToviders and an Cqualisation policy introduced in 2015. Charitable Su In addition to inanaging the Almshouses the Tn￿tee8 considered applications for Relief in Need. Thirteen requests were received by the Tn￿LeeS in 2020 ddon Bridge Road, Woodley c4)ntinued with a local estate agent who maintained regular contath with the Charity concerning the maintenance of the property. An application for a concessionary TV licence for all residents was approved by TV Licensing effective from I" January 2020. Energy perfonnance certificates (EPCS) were renewed to meet the new regulatory requirements.

THE POORS. LAND CHARrrY ANNUAL REPORT FOR THE YEAR TO 31 DF.CEMBER 2020 ment Activlties Continued Develo Activitic5 in 2020 were curtailed by the impact of Covidl 9 but the following took place.'_ A vaeaiit fl&t's kitchen was replaced, Ca￿et replaced and dccoi'ated at a cost of £7.117. Complction was delayed by the need to comply with Covidl 9 rules. The a[￿UaL inspection of gas cookers. fire extinguishers &lld alann systthn had taken place and the certificates obtained. Each re5idcnt rcceived a gift voucher at Christmas. The honoTary and deputy wardens who stood down in the year were givetl an extra gift voucher in appreciation of their service.s. External lighting and CCTV inSt￿led to improv¢ Sec￿lty C,omputer resoui.ces wcre updated and IT support extended. The rear lawn was extended by clearing scrnb and removing an old shed. A survey of resident's interest in byoadband was completed. Financial Review Tbc financial results for the year show a Housing surylus of £8,891 and an overall ,￿u￿]uS of £50,534. Managed investmeTJt funds decreased in value in the year by £55,113 prllnarily due to thc withdrawal of £39.566 to part finance the cost of thc irnprovements to the heating and hot water system. Reserves Polie The TThstees were aware tliai the Charity must balance the need to build surricient rescrves to mallitaill fmancial sthility wiLb meeting the costs of delivering its ch￿table objectives. Tbe target was to retain sufficient liquid fimds to meet three months, revenue expendil)Jre. which the Trustees believed would ￿lable the Charity to continue to opcrate should theTC bc any unexpected intem]ptt'ons to regular fullding. At 31" Decen]ber 2020, net current assets were £21.194 (2019.. £38,859) ill lillc viith thc t￿.get. PAULtNE ALLEN Chairm#n ot the Trustces Dated: a ?-

THE POOR'S LAND CHARrrY rNDEPENDENT AUDfroR'S REPORT TO THE TRUSTEES OF THE CFIARrri We bave auditcd the fillallcial slatcments of The Poor's Land c1￿}ty for tl)e year CEEdcd 31 Dcccmbcr 2020 which comprise the Statement of Finartcial ActiNryties, the Balance Sheet and thc related notes. The financial reporting fram¢woTk that has been applied in their preparation is appli¢able law ￿ld Unilcd Kingdotn Accounting Standar& Iunited Kingdom CJ¢nernlly Ac¢epted Accounting Prnctice). This report is n￿Le solely to the c]￿lLY'S tnjstees, as a body, ill accordance witb section 145 of the Charities Act ?01 R attd thc rcgulations madc under scction 154 of that Act. Our audit WOTk llls been undertakui so that we might state to the charity's tmstees those matters we are required to state to tliem iii an allditor's rcport and for no odicr Pu￿oSe. To fullest extent pcnnitted by law, we do not accept or assume responsibility to anyone other than the chaTity's trustees as a body, for our audit work, lor this reporl OT for the opinions we have fonned. Re.Ipvttive i'e.fl)nlT.IEhilElie.f nf trii.flee.f aiiditnr As explaiiied more fillly iii the Tn]bte&%' Resp(iiisibiliti&g StatemeJJL the trustees ate respons1￿le for the prei)aratiThn nf financial .51￿MenL8 which give a true and fair view. We have been appotnted as auditor under se£tion 145 of tlie Chariti&s Act 2011 and report in accoTdwice with regulations made under sectio]] 154 of that Acl. Our responsibtltty is to audtt alld expr&qs att opinion on th¢ financial sratements in a¢¢ordatt¢e with applicable law and Intcmational Standaxds on Auditing (UK and Ireland). Those standards ryuire u5 to comply wtth th¢ Auditing Practices Board's {APB's) Ethical Standards for Allditorg. Sc'(Ipe n/'tlie aiidil nfilie ftpianciol,Ylafepneiit. A desctiption of the gcopc of an audit of fI[￿1ClaI statefftntnts is provided Oll the FRC'S wcbsitc at tn our opinion the financial statem¢nts: give a tru¢ and fair view of the state of the cbaTiry'S affairs as at 31" December 2020, and of its incotntng resources and application of resourccs, for the ycar th¢n cnded., havc bccn propcrly pr£parcd in accordancc with Unitcd Kingdom Generally Accepted Accounting Pi?ctice' and have been prepared in accordance with the requirements of the Chariti¢s Act 2011.

THE POOR'S LAND CHARITY INDEPENDENT AUDrroR'S REPORT TO THE TRUSTEES OF THE CHARITY Malter.9 071 Trvhirh ive arv requireil io repori h}, e.Kcvplioii We have nothing to report in respert of the following matters where the Charities Act 2011 requires us to report to you if. in our opinion.. the infonnation given in the Trustees, Annual Report is inconsistent in any material tr$p￿t witkn the financial stat¢m¢iits' sufficient accounting records hav¢ not been kept. thc fllwicial ststcm¢tLtS are not ttt agreement with the accounting records ayd remrns. or we h&ve not rec¢tv¢d all the infonnation alld explanations w¢ requTre for our audit. Ediiyiii Sniith Chap-ÉeF'edAccountants ond Slathfoi), AudEtor 32 Queeiis Road ReadiFtg Bw.hhiF-e RGI 4AU Date 2&1gl Edwin SiThith is eli￿￿1¢ to art as an auditor in ternis of section 1212 of thc Companies Act 2006.

THE POOR'S LAND CEL4RITY INCOME AND E￿ENDITURE ACCOVFry FOR THE YEAR TO 31ST DECEMBER Z020 2019 2020 TURFIOVER 62,762 583 GTOSS niaillteDallce charges receivable Le$s'. Voids 66,125 1,965 64.160 13,855 280 62,179 14,305 310 Net tnaInt￿iaHcC charges Utiliry charges reccivable Storage ullit ients received 76,794 OPERATING COSTS 33,665 8,573 33,840 Services Management Routine t[￿￿t¢￿an¢t Extr1￿[dI￿ary irpairs 33,119 9,649 26,637 76,Q78 69,405 7l6 OPERATtNG SURPLUS 8,890 69,815 ProfitllLoss) on T¢valuation of fixed assei illvesttneDts ProfitllLoss) ot) ttv&luation of propeiry investn]entb' {#ote 21111) llltCTeSt re¢eivable atkd OEher income Inoie 9) tnterest payable arkd similar cbarges sU￿[us on ordinary activities before taxation Taxation vn surplus on or(bnary a¢tivities (note I l) GROSS SURPLUS FOR THE YEAR 14,130 35,517 36,462 106,048 59,48? 106,048 59,482 (6,233) RELIEF tNNEED GL4NTS & DONATIONS {8,9481 50.534 99,815 NET SURPLUS FOR THE YEAR MOVEMENT ON RESERVES 1.728,922 Balance brought fotward 1,818.16? 99,815 Net surplus for thr year 50.534 Net (raD6fers fronV(iol'. Ruildittg Fund ExLr&ord3nary maintenance reserve 10,575 1.818,162 37.811 1,906.507 All the aetivities of thc Charity durinu the two years 8r¢ cOnti￿u1ng activities. These accounts were approved by the TTUStc¢s on I and signed ou their behdlf by: airniatJ- P Atlen Tn￿Ce- R Huggins

ThE POOR'S LAND CHARITY BALANCE SHEET AS AT 31ST DECEMBER 2020 2019 2020 FIXED ASSETS 1.101,198 Fteehold housi￿ properties ￿ LOSI (note 2) I,101,198 46,846 1.236.160 2.384.204 Pmperty ImprOven￿nts 2) Investn￿nts {uote 3) TOTAL F￿ED ASSETS & INVESTMENts 138.726 1,181,047 2.420,971 CURRENT ASSETS 1.450 52,407 53,857 Debtors (noie 4) Cash at bank aod in l)and 2,556 45,916 48,472 CURRENT LIABILITIES 14,998 38,859 Creditors- amounts failing due withiti one year (notc 5) NET CURRENf ASSETS 127 78 21,194 2.423.063 TOTAL ASSETS LESS CURRE.NT LLIBtLITIES 2,442.165 CAprrAL AND RESF.RVF.S 604.901 1,818,162 2,423.063 DRSIGNATED RESERVES Inote 61 REVENUE RESERVES (note 7) 535.658 1,906.507 2,442,165 These &ceouDts were approvcd by the Trustees on a￿d signed on their behalf by.. Chaitman-P Allen Tll￿t¢¢- R Huggins

THE POOR'S L4ND CHABITY OTES TO THE ACCOUNTS FOR THE ITAR TO 31ST DECEllfBER 2020 ACCOUNTING POLiaES The accounts have been prepaird in accordance ￿￿tIl the Statemenr of Rebommended Practice-. Accowjting and Reporting by Charities preparsng their accounts in accordance with tbe FiT]ancial Reporting Standard it) the UK and Republic of li'elalld IFRS 102) i&sued on 16 July 2014 and the Charities Act 2011 A summary of the rnOL¢ important a¢¢oullting policies is set out below. The accowits have beeu prepared L￿der the histotical cost basis of accounting. Turnoverttpresents n￿l￿tell￿n¢t alld heaÈillg ch￿"g¢S reecivable alid storage rents received. The propetties arc considered to have att estimated remaining use￿1 e¢ouo]nic life of more $0 years and a high residual va]ue because there is a poliey and PTa¢tice of regular Mainten￿¢¢ alld repair. The 2miual and ae¢uTllulated charges to d¢preci2tioll are collsidered not to be mat¢rtal. Th¢ extraordi]tsry repairs reserve repieseut amouDts set a5id¢ to Jneet the cost of fun]re major repairs to the propErti&s. G)mponent a¢¢ounting was adopted for the first time in 2015 without retrospective adjustsnents. FtXED ASSETS Freehold housiDg piwties comprisc: {1) ced￿ Plac¢: 18 social liowing wiits (14 tlats and 4 bungalows) with 10 storage ￿115. community room. laundry l'oom alld * guest room. The hisioric cost of the land and buildings is £701.198 and was fi]nded part by grant5 of £150,398 from Wokingkn Borough Coullcil. (ill )23 Loddon BriLlg¢ Road.. An a(fjacent bullgalow which purchased 3n 2000 at a cost of £111,764 and is let at a ¢ommereial relltal (see 10 for detailsl Thc property was professionally valued at £400.000 a¢ 17 Febrlldry 2017. From 20li the charity scparatcly id¢ntifie8 expenditure oll iwrovements to the major cornponents of its social hO￿L￿g pr()perties.Thcse improvements are dq)ie¢iated on Y4 Straight lin¢ basis frolll Lbe month following practical ￿mpletiOn at th¢ followin(r annual rar¢$=_ Batiirooms Boiltrs Kitchenb 6.67D/ io/ In the ye2r 2020 ¢xpenditure oa improv¢ments aL]]ountrd to £99,054 (2019 £15,454) thich r¢sulted a depreciation charge ot £7,17412019 £3.730) arisillg from the cllmulative expenth"tUTe to 31 De¢¢mber 2020. Market Markct value value 2019 2020 ENVESTMENTS Cost 2019 Cost 2020 National Association 0t'AID￿bo￿eS Conjjnon Investment Fund- 3995.421 Accllmlllation shares Nationdl Association of Almshouses Common lttvestmerlt Fll￿d- ttlcome sharcs Charilies Official lttvesttlleni Fund 19 J28.26 Income UDits ChaTiti&% Official Investn]ent Fixed Inte￿( Fund 95,028.13 ltt¢ome units Naiional Association of Alrnshouses G)mmon Lvestment Fuwl- 150.156.946 ltt¢thn¢ slwes COIF Charities Dcposit account National Asso¢iation of A]mshouses Comn)o Inv&8iment Futtd- 198,540.308 It]¢ome shares ' 125,111 414,307 117.046 369,639 9.981 11,173 50,021 327,202 5Q.021 347,439 125,000 130,711 125.(K)0 134,740 107,144 135,697 107,144 125,561 37,649 37,649 37,649 37.649 151,806 179,421 151,806 166,019 D￿[gna￿lExll￿0rdIn4ryM￿nleTha￿¢t fvnd Des¢gnaked Building fwid **

THE POOR'S LAfiD CHARITY NOTLS TO THE ACCOUNfs FOR THE TrTAR TO 31ST DECEMBER 2Q2Q DEBTORS- amounts falling due within one year Debto¥g include £511 12019_ £381) in re8peGt olarrears of Tcsidellls maintenance payments aiid utiliry charge5. Th¢ balanee represents insuraM¢e and arni line maintenanc¢ prepayments. CREDtTORS- amounts falling dBe witbin ODE year Creditors inclllde £925 (2019- £7441 respect of paynwits iti adv￿]Ce of iesidents maintenance payrneDts attd uuliry ch￿'ge5. Tbe balan¢e reprtsents othey cttditors and accnjals. 2019 DEsfGNATED RESERVES 2020 BUttI)ING FUND & EXTr4ORDINARY MAINTENANCE Balance al begiLmill8 of year Transfer frojnllto) Revenue Reserves Building Fund Extraoi"dinary Maintenance Profitl{Loss) oil investtnents rev81uatLOTI BuildLng Futtd EXtraordi￿Y ce Balance clfivd it 31st DE¢ember 509.081 604.901 10.575 (37,81 L) 21.383 63,862 604.901 113.4021 118.030 535,658 comprlsittg Bwlding Fun ExtrauT(Sittary Maintell￿ce 179,421 425.480 166,019 369.639 REVENUE RESBRVES 2019 2020 Balan¢¢ at bcgsnniiig of year Surplus for year ProfidlLoss) oll inve51mcnts revaluation to designat¢d reserves Transfer tolfrtsm Design&ted Reserves Bdance ai end of ycar 1,728,922 99,815 1,818.162 50,534 37,811 1906 507 1818 162 10-

THE POOR'S LAND CHARITY NOTES TO THE ACCOUNfs FOR THF YEAR TO 31wr DECEMBEIi 11120 OFFICERS. AND SENIOR ￿ECErr1vF£, F.MOLUMENTS ThEi￿ty petsoll receivI￿g erno1utnelltsw￿ the clerktoth¢ ttust¢e5. The ¢l¢rk's i£ThiuwatiorL forthr yw to 3 IstDw¢mbrr 2020 was £11 164. ttrUEREST RECEtV.4BLE ATr]D OTHER INCOME 2019 2020 NeriDcome frotn 2?3 Loddon BridgeRoad15¢¢ not¢ 101 Interest and dkviderlds on ￿￿¢sto￿￿ts Oth￿ID[0m￿ 7,628 ?6,945 944 i5,5L7 9.318 26,742 39? TNCOME FROM PROPERTY. 223 LoddonBrid8eRoad Woodl¢y 2019 2020 ReDtal ￿con Dcwrating& IwaiTS Valuation fte Le￿ abTUts ¢ommissioo od4JisbuTSCt]Dts 11.700 12,8081 I I,700 1,2641 7,628 12641 9.328 TAXATtON As a charity K8i$l¥tdwith thc Inland RcvenuBno Siubiiity kn taxation ari8¢5 on income and ¢apital wns. 12 CAPITAL cOMhirrTr￿s AND CONTNGENT LIABILrrIks Thtr¢were no witiagcnt liabiliucs orcapital conmjithicnts at 31$t 2020 {2019- nill.

THE POOR'S LAND CHARFrY L4NAGEMENT DETAIL OF INCOME AP4D EXTF.M)ITURE ACCOiFTrIT YEAR TO 31ST DECEMBER 2020 2019 2020 EXPENDITURE SERVICES 7,864 ?,049 3,147 255 Salaries Property & Indernuity 2llsur3n¢e Water chargGs Bal￿ ch￿g£S 8,109 2.119 1,526 204 13,315 9,067 1.465 ?.200 5,536 2,082 33,605 11.958 9.388 .448 2.600 4,787 2,938 33.119 HL*ting El¢ctricity C1&￿Ing Gai'den CommuTrication Gar¢ MANAGEMENT 3,932 3SO 375 2.020 1.663 185 48 Secretsrial Altnshouse Assoei&tion subs¥ripiio Postage, stationery and cler￿S expcnses Audit alld accountancy Suudries Indemnity insurdttC¢ D¢preciatiott of cquipment aTLd fillJJitur¢ 4.055 350 1,010 2.258 1.976 8,573 9.649 12

THE POORS LAND CHARITY (W(K)DLEY SANDFORD & CHARVIL CHARITABLE TRUST ANNUAL REPORT AND ACCOUNTS FOR THE YEAR TO 31st DECEMBER 2020

TF￿ POORS, LAND CHARITY ST ANNUAL REPORT FOR THE YEAR TO 3 1 DECEMBER 2020 The Trustces". Mrs Pyduline Allen (Chainnan - 5 year terni of office to l O July 2021) - Co-opted Mr Rodney Huggins {Vicc£hainnan - 5 Y￿ tenn of ofFice to 10 January 2025) - Co-opted Mr Michael Mitchell (5 year tenM of office to 25th Febnwy 2024}- Co-optcd Mr5 Sonia Boyles (5 year tenn of office to 3 Octob 2022) - Co-opted Mrs Jane Batts (5 year terni of office to 26 ' Fcbnjary 20A? )_ Co-opted Mrs Shelagh Flower (4 year terni of office to 31" May 2024)- Woodley Town Council M5 Jennifer Cheng (4 year tern] of office to 31", May 2024) - Woodley Town Council Mr David Mills (4 year term of office to 5 June 2022)- Woodley Town Council Mrs Beth Rowland (Term of offic¢ from 10 ' Dccembcr 2019 to 5 ' June 2022) - Woodley Town Council Mrs Lauren Mccann (4 year ter￿ of office to 8 May 2022)- Charvil Patish Council Mr Abdul Loyes (4 year tern] of office to 31" May 2023) - Wokin ham Borou h Council Mrs E M Fidler Clerk to the Trustees". Office Address.. 4 Tiverton Close Woodley Reading RG5 3BE Lloyds Bank Pl Bracknell Bcrkshire Nigel Hunt Thompson Leatherdale 61 London Street Reading RGI 4PS ChristophcT Tapp RIBA Bankrys: Solicitors: Architect= Auditor and Accow]ting & Tax Advisers.. Edwin Smith 32 Queens Road Reading Bcrkshire 242574 ESA2366 Chari Commission re istration number= ulator of Social Housin re istration number:

THE POORS, LAND CHARrrY ST ANNUAL REPORT FOR THE YEAR TO 31 DECEMBER 2020 Back lu its CUETent forni The Poor's Land Charity {Woodley, Sandford and Charvtl Charilablc TDJst} was established on the I l July, 1972 and previously was known as the Fuel Allotment Cknty. Allottnent land belonging to the c.harity in Woodley was used for providing thel which was allocated to those in need who were residenf in tbe parishes of Woodley, SandfoTd and Chatvil. In 1990 the Charity Cominissioncr8 approved a scheme for th¢ regulation of the Charity. In the 1970s the allotment land was sold and the proceeds used to purchase and develop a parcel of land and provide residenÉial properties in Woodley. This site was called Cedar Place and situated in Loddon Bridge Road. Woodley. Fourteen flats and four bungalows were constructed from 1979 to 1993 to pi"ovid¢ Almshouses for the poor. An adjacent bungalow was purchased in 2000 to factlitate the ￿tllre development of Cedar Plac¢. Ob'eedves The governing scheme empowered the Trustees to relieve hardship by:" (a) Housing persons in need in purpose built accommodation (Almsbouses). Tlie occupiers were dTawn from within the parish¢5 of Woodley, Sandford and Charvil. (b) Making donations ill kind to residents of Woodley, Sandford alld Charvil and adjacettt parishes as "Relief in Need" (c) Applying income for the general benefit of residents ot Woodley, Sandford and Charvil and adjacent paiishes. anisation The Poor's Land Charity was served by eleven Trustee8 during the year, of whon) five were co-opted and six were nominated appointhients. At a meeting held on 22 January, 2020 Mrs Pathine Allen was re-appointed as Chairn]an and Mr. Rodney Huggins re-appoitlted as Vice Chairn]all. Mr. David Fidlcr agreed to continue as Treasurer in a non-TTUStee position. Mrs. Allen continued as the representative of the Earley Day Ccntre. Mr Rodney Hllggius agreed to renew his appointmcnt foi anotlier five years to 10 January 2025, The Tnjstees IDet regulaj'ly to disciiss and agree tlie n]anageineDt of the Charity. Ten mectings were held in 2020 and a MiiLUte Book was maintained. Due to the Covidl 9 pand￿￿1¢ Trustce ineetings trom March 2020 onwaTd5 were held Temotely with oii-line attelldallce. Policies & Procedures Tbe Complaints proccdure was amcndcd to bring it into line with the Hou.sing Ombudsman's Complaint Handling Code re1¢2sed in July 2020 and the resident's handbook was updated to include the Code.

THE POORS. LAND CHARITY ST ANNUAL RF.PORT FOR THE YEAR TO 3 1 DECEMBER 2020 of Public Beneflt Dellve Housin Wokingham District Council provided funding for the constrnction of ten flats and hold the iioinination riglits for five of these flats for a period of 60 years from 13 October, 1978. This proviso was documented in the mortgage deed (the moitgage loan was i'epaid in 2004}. Planning pemission relating to the four flats and four bungalows built in 1993 included a claiise to the effect that applicant5 bad to be Ov￿. 60 year8 of age. Whilst there was no age restrictlOD for the ten flats built in l979, they were built with the elderly in mind. In total there are eighteen Almshouse units, consisting of fourteen flats and four bungalows administered by the Charity. All residents had originally beell appointed by the Trustees from the parislies of Woodley, Sandford and Charvil oi. had beeD norninated by Wokingham Borough Coulluil as I￿ProP[Lat¢. Thcie Wds Olle VdLaiit unit at 31 December 2020. Maintenance Charges were increased fi'oin I" Marcli 2020 in line witli statutory requireinents applicable to registered housing PToviders and an Cqualisation policy introduced in 2015. Charitable Su In addition to inanaging the Almshouses the Tn￿tee8 considered applications for Relief in Need. Thirteen requests were received by the Tn￿LeeS in 2020 ddon Bridge Road, Woodley c4)ntinued with a local estate agent who maintained regular contath with the Charity concerning the maintenance of the property. An application for a concessionary TV licence for all residents was approved by TV Licensing effective from I" January 2020. Energy perfonnance certificates (EPCS) were renewed to meet the new regulatory requirements.

THE POORS. LAND CHARrrY ANNUAL REPORT FOR THE YEAR TO 31 DF.CEMBER 2020 ment Activlties Continued Develo Activitic5 in 2020 were curtailed by the impact of Covidl 9 but the following took place.'_ A vaeaiit fl&t's kitchen was replaced, Ca￿et replaced and dccoi'ated at a cost of £7.117. Complction was delayed by the need to comply with Covidl 9 rules. The a[￿UaL inspection of gas cookers. fire extinguishers &lld alann systthn had taken place and the certificates obtained. Each re5idcnt rcceived a gift voucher at Christmas. The honoTary and deputy wardens who stood down in the year were givetl an extra gift voucher in appreciation of their service.s. External lighting and CCTV inSt￿led to improv¢ Sec￿lty C,omputer resoui.ces wcre updated and IT support extended. The rear lawn was extended by clearing scrnb and removing an old shed. A survey of resident's interest in byoadband was completed. Financial Review Tbc financial results for the year show a Housing surylus of £8,891 and an overall ,￿u￿]uS of £50,534. Managed investmeTJt funds decreased in value in the year by £55,113 prllnarily due to thc withdrawal of £39.566 to part finance the cost of thc irnprovements to the heating and hot water system. Reserves Polie The TThstees were aware tliai the Charity must balance the need to build surricient rescrves to mallitaill fmancial sthility wiLb meeting the costs of delivering its ch￿table objectives. Tbe target was to retain sufficient liquid fimds to meet three months, revenue expendil)Jre. which the Trustees believed would ￿lable the Charity to continue to opcrate should theTC bc any unexpected intem]ptt'ons to regular fullding. At 31" Decen]ber 2020, net current assets were £21.194 (2019.. £38,859) ill lillc viith thc t￿.get. PAULtNE ALLEN Chairm#n ot the Trustces Dated: a ?-

THE POOR'S LAND CHARrrY rNDEPENDENT AUDfroR'S REPORT TO THE TRUSTEES OF THE CFIARrri We bave auditcd the fillallcial slatcments of The Poor's Land c1￿}ty for tl)e year CEEdcd 31 Dcccmbcr 2020 which comprise the Statement of Finartcial ActiNryties, the Balance Sheet and thc related notes. The financial reporting fram¢woTk that has been applied in their preparation is appli¢able law ￿ld Unilcd Kingdotn Accounting Standar& Iunited Kingdom CJ¢nernlly Ac¢epted Accounting Prnctice). This report is n￿Le solely to the c]￿lLY'S tnjstees, as a body, ill accordance witb section 145 of the Charities Act ?01 R attd thc rcgulations madc under scction 154 of that Act. Our audit WOTk llls been undertakui so that we might state to the charity's tmstees those matters we are required to state to tliem iii an allditor's rcport and for no odicr Pu￿oSe. To fullest extent pcnnitted by law, we do not accept or assume responsibility to anyone other than the chaTity's trustees as a body, for our audit work, lor this reporl OT for the opinions we have fonned. Re.Ipvttive i'e.fl)nlT.IEhilElie.f nf trii.flee.f aiiditnr As explaiiied more fillly iii the Tn]bte&%' Resp(iiisibiliti&g StatemeJJL the trustees ate respons1￿le for the prei)aratiThn nf financial .51￿MenL8 which give a true and fair view. We have been appotnted as auditor under se£tion 145 of tlie Chariti&s Act 2011 and report in accoTdwice with regulations made under sectio]] 154 of that Acl. Our responsibtltty is to audtt alld expr&qs att opinion on th¢ financial sratements in a¢¢ordatt¢e with applicable law and Intcmational Standaxds on Auditing (UK and Ireland). Those standards ryuire u5 to comply wtth th¢ Auditing Practices Board's {APB's) Ethical Standards for Allditorg. Sc'(Ipe n/'tlie aiidil nfilie ftpianciol,Ylafepneiit. A desctiption of the gcopc of an audit of fI[￿1ClaI statefftntnts is provided Oll the FRC'S wcbsitc at tn our opinion the financial statem¢nts: give a tru¢ and fair view of the state of the cbaTiry'S affairs as at 31" December 2020, and of its incotntng resources and application of resourccs, for the ycar th¢n cnded., havc bccn propcrly pr£parcd in accordancc with Unitcd Kingdom Generally Accepted Accounting Pi?ctice' and have been prepared in accordance with the requirements of the Chariti¢s Act 2011.

THE POOR'S LAND CHARITY INDEPENDENT AUDrroR'S REPORT TO THE TRUSTEES OF THE CHARITY Malter.9 071 Trvhirh ive arv requireil io repori h}, e.Kcvplioii We have nothing to report in respert of the following matters where the Charities Act 2011 requires us to report to you if. in our opinion.. the infonnation given in the Trustees, Annual Report is inconsistent in any material tr$p￿t witkn the financial stat¢m¢iits' sufficient accounting records hav¢ not been kept. thc fllwicial ststcm¢tLtS are not ttt agreement with the accounting records ayd remrns. or we h&ve not rec¢tv¢d all the infonnation alld explanations w¢ requTre for our audit. Ediiyiii Sniith Chap-ÉeF'edAccountants ond Slathfoi), AudEtor 32 Queeiis Road ReadiFtg Bw.hhiF-e RGI 4AU Date 2&1gl Edwin SiThith is eli￿￿1¢ to art as an auditor in ternis of section 1212 of thc Companies Act 2006.

THE POOR'S LAND CEL4RITY INCOME AND E￿ENDITURE ACCOVFry FOR THE YEAR TO 31ST DECEMBER Z020 2019 2020 TURFIOVER 62,762 583 GTOSS niaillteDallce charges receivable Le$s'. Voids 66,125 1,965 64.160 13,855 280 62,179 14,305 310 Net tnaInt￿iaHcC charges Utiliry charges reccivable Storage ullit ients received 76,794 OPERATING COSTS 33,665 8,573 33,840 Services Management Routine t[￿￿t¢￿an¢t Extr1￿[dI￿ary irpairs 33,119 9,649 26,637 76,Q78 69,405 7l6 OPERATtNG SURPLUS 8,890 69,815 ProfitllLoss) on T¢valuation of fixed assei illvesttneDts ProfitllLoss) ot) ttv&luation of propeiry investn]entb' {#ote 21111) llltCTeSt re¢eivable atkd OEher income Inoie 9) tnterest payable arkd similar cbarges sU￿[us on ordinary activities before taxation Taxation vn surplus on or(bnary a¢tivities (note I l) GROSS SURPLUS FOR THE YEAR 14,130 35,517 36,462 106,048 59,48? 106,048 59,482 (6,233) RELIEF tNNEED GL4NTS & DONATIONS {8,9481 50.534 99,815 NET SURPLUS FOR THE YEAR MOVEMENT ON RESERVES 1.728,922 Balance brought fotward 1,818.16? 99,815 Net surplus for thr year 50.534 Net (raD6fers fronV(iol'. Ruildittg Fund ExLr&ord3nary maintenance reserve 10,575 1.818,162 37.811 1,906.507 All the aetivities of thc Charity durinu the two years 8r¢ cOnti￿u1ng activities. These accounts were approved by the TTUStc¢s on I and signed ou their behdlf by: airniatJ- P Atlen Tn￿Ce- R Huggins

ThE POOR'S LAND CHARITY BALANCE SHEET AS AT 31ST DECEMBER 2020 2019 2020 FIXED ASSETS 1.101,198 Fteehold housi￿ properties ￿ LOSI (note 2) I,101,198 46,846 1.236.160 2.384.204 Pmperty ImprOven￿nts 2) Investn￿nts {uote 3) TOTAL F￿ED ASSETS & INVESTMENts 138.726 1,181,047 2.420,971 CURRENT ASSETS 1.450 52,407 53,857 Debtors (noie 4) Cash at bank aod in l)and 2,556 45,916 48,472 CURRENT LIABILITIES 14,998 38,859 Creditors- amounts failing due withiti one year (notc 5) NET CURRENf ASSETS 127 78 21,194 2.423.063 TOTAL ASSETS LESS CURRE.NT LLIBtLITIES 2,442.165 CAprrAL AND RESF.RVF.S 604.901 1,818,162 2,423.063 DRSIGNATED RESERVES Inote 61 REVENUE RESERVES (note 7) 535.658 1,906.507 2,442,165 These &ceouDts were approvcd by the Trustees on a￿d signed on their behalf by.. Chaitman-P Allen Tll￿t¢¢- R Huggins

THE POOR'S L4ND CHABITY OTES TO THE ACCOUNTS FOR THE ITAR TO 31ST DECEllfBER 2020 ACCOUNTING POLiaES The accounts have been prepaird in accordance ￿￿tIl the Statemenr of Rebommended Practice-. Accowjting and Reporting by Charities preparsng their accounts in accordance with tbe FiT]ancial Reporting Standard it) the UK and Republic of li'elalld IFRS 102) i&sued on 16 July 2014 and the Charities Act 2011 A summary of the rnOL¢ important a¢¢oullting policies is set out below. The accowits have beeu prepared L￿der the histotical cost basis of accounting. Turnoverttpresents n￿l￿tell￿n¢t alld heaÈillg ch￿"g¢S reecivable alid storage rents received. The propetties arc considered to have att estimated remaining use￿1 e¢ouo]nic life of more $0 years and a high residual va]ue because there is a poliey and PTa¢tice of regular Mainten￿¢¢ alld repair. The 2miual and ae¢uTllulated charges to d¢preci2tioll are collsidered not to be mat¢rtal. Th¢ extraordi]tsry repairs reserve repieseut amouDts set a5id¢ to Jneet the cost of fun]re major repairs to the propErti&s. G)mponent a¢¢ounting was adopted for the first time in 2015 without retrospective adjustsnents. FtXED ASSETS Freehold housiDg piwties comprisc: {1) ced￿ Plac¢: 18 social liowing wiits (14 tlats and 4 bungalows) with 10 storage ￿115. community room. laundry l'oom alld * guest room. The hisioric cost of the land and buildings is £701.198 and was fi]nded part by grant5 of £150,398 from Wokingkn Borough Coullcil. (ill )23 Loddon BriLlg¢ Road.. An a(fjacent bullgalow which purchased 3n 2000 at a cost of £111,764 and is let at a ¢ommereial relltal (see 10 for detailsl Thc property was professionally valued at £400.000 a¢ 17 Febrlldry 2017. From 20li the charity scparatcly id¢ntifie8 expenditure oll iwrovements to the major cornponents of its social hO￿L￿g pr()perties.Thcse improvements are dq)ie¢iated on Y4 Straight lin¢ basis frolll Lbe month following practical ￿mpletiOn at th¢ followin(r annual rar¢$=_ Batiirooms Boiltrs Kitchenb 6.67D/ io/ In the ye2r 2020 ¢xpenditure oa improv¢ments aL]]ountrd to £99,054 (2019 £15,454) thich r¢sulted a depreciation charge ot £7,17412019 £3.730) arisillg from the cllmulative expenth"tUTe to 31 De¢¢mber 2020. Market Markct value value 2019 2020 ENVESTMENTS Cost 2019 Cost 2020 National Association 0t'AID￿bo￿eS Conjjnon Investment Fund- 3995.421 Accllmlllation shares Nationdl Association of Almshouses Common lttvestmerlt Fll￿d- ttlcome sharcs Charilies Official lttvesttlleni Fund 19 J28.26 Income UDits ChaTiti&% Official Investn]ent Fixed Inte￿( Fund 95,028.13 ltt¢ome units Naiional Association of Alrnshouses G)mmon Lvestment Fuwl- 150.156.946 ltt¢thn¢ slwes COIF Charities Dcposit account National Asso¢iation of A]mshouses Comn)o Inv&8iment Futtd- 198,540.308 It]¢ome shares ' 125,111 414,307 117.046 369,639 9.981 11,173 50,021 327,202 5Q.021 347,439 125,000 130,711 125.(K)0 134,740 107,144 135,697 107,144 125,561 37,649 37,649 37,649 37.649 151,806 179,421 151,806 166,019 D￿[gna￿lExll￿0rdIn4ryM￿nleTha￿¢t fvnd Des¢gnaked Building fwid **

THE POOR'S LAfiD CHARITY NOTLS TO THE ACCOUNfs FOR THE TrTAR TO 31ST DECEMBER 2Q2Q DEBTORS- amounts falling due within one year Debto¥g include £511 12019_ £381) in re8peGt olarrears of Tcsidellls maintenance payments aiid utiliry charge5. Th¢ balanee represents insuraM¢e and arni line maintenanc¢ prepayments. CREDtTORS- amounts falling dBe witbin ODE year Creditors inclllde £925 (2019- £7441 respect of paynwits iti adv￿]Ce of iesidents maintenance payrneDts attd uuliry ch￿'ge5. Tbe balan¢e reprtsents othey cttditors and accnjals. 2019 DEsfGNATED RESERVES 2020 BUttI)ING FUND & EXTr4ORDINARY MAINTENANCE Balance al begiLmill8 of year Transfer frojnllto) Revenue Reserves Building Fund Extraoi"dinary Maintenance Profitl{Loss) oil investtnents rev81uatLOTI BuildLng Futtd EXtraordi￿Y ce Balance clfivd it 31st DE¢ember 509.081 604.901 10.575 (37,81 L) 21.383 63,862 604.901 113.4021 118.030 535,658 comprlsittg Bwlding Fun ExtrauT(Sittary Maintell￿ce 179,421 425.480 166,019 369.639 REVENUE RESBRVES 2019 2020 Balan¢¢ at bcgsnniiig of year Surplus for year ProfidlLoss) oll inve51mcnts revaluation to designat¢d reserves Transfer tolfrtsm Design&ted Reserves Bdance ai end of ycar 1,728,922 99,815 1,818.162 50,534 37,811 1906 507 1818 162 10-

THE POOR'S LAND CHARITY NOTES TO THE ACCOUNfs FOR THF YEAR TO 31wr DECEMBEIi 11120 OFFICERS. AND SENIOR ￿ECErr1vF£, F.MOLUMENTS ThEi￿ty petsoll receivI￿g erno1utnelltsw￿ the clerktoth¢ ttust¢e5. The ¢l¢rk's i£ThiuwatiorL forthr yw to 3 IstDw¢mbrr 2020 was £11 164. ttrUEREST RECEtV.4BLE ATr]D OTHER INCOME 2019 2020 NeriDcome frotn 2?3 Loddon BridgeRoad15¢¢ not¢ 101 Interest and dkviderlds on ￿￿¢sto￿￿ts Oth￿ID[0m￿ 7,628 ?6,945 944 i5,5L7 9.318 26,742 39? TNCOME FROM PROPERTY. 223 LoddonBrid8eRoad Woodl¢y 2019 2020 ReDtal ￿con Dcwrating& IwaiTS Valuation fte Le￿ abTUts ¢ommissioo od4JisbuTSCt]Dts 11.700 12,8081 I I,700 1,2641 7,628 12641 9.328 TAXATtON As a charity K8i$l¥tdwith thc Inland RcvenuBno Siubiiity kn taxation ari8¢5 on income and ¢apital wns. 12 CAPITAL cOMhirrTr￿s AND CONTNGENT LIABILrrIks Thtr¢were no witiagcnt liabiliucs orcapital conmjithicnts at 31$t 2020 {2019- nill.

THE POOR'S LAND CHARFrY L4NAGEMENT DETAIL OF INCOME AP4D EXTF.M)ITURE ACCOiFTrIT YEAR TO 31ST DECEMBER 2020 2019 2020 EXPENDITURE SERVICES 7,864 ?,049 3,147 255 Salaries Property & Indernuity 2llsur3n¢e Water chargGs Bal￿ ch￿g£S 8,109 2.119 1,526 204 13,315 9,067 1.465 ?.200 5,536 2,082 33,605 11.958 9.388 .448 2.600 4,787 2,938 33.119 HL*ting El¢ctricity C1&￿Ing Gai'den CommuTrication Gar¢ MANAGEMENT 3,932 3SO 375 2.020 1.663 185 48 Secretsrial Altnshouse Assoei&tion subs¥ripiio Postage, stationery and cler￿S expcnses Audit alld accountancy Suudries Indemnity insurdttC¢ D¢preciatiott of cquipment aTLd fillJJitur¢ 4.055 350 1,010 2.258 1.976 8,573 9.649 12

EDWIN SMITH

N958PN

The Trnstees, The Poor's Land Charity, Chestnut House, 4 Tive1ion Close, Woodley, Reading, RG5 3BE.

25 May 2021

Dear Sirs,

The Poor's Land Charity

We have completed the audit of the above Charity for the year to the 31 December 2020 and have considered whether there were any comments or recommendations that we wish to make to you as a result of our audit. There are no such comments or recommendations that we wish to make this year.

You will appreciate that the main purpose of our audit is to fonn an opinion on the accounts as a whole and we caimot guarantee, therefore, that our audit has brought to light all the wealmesses that there may be in the Charity's accounting procedures that a specific investigation might have uncovered.

Yours faithful! y,

EDWIN SMITH.

Direct line 0118 957 7457

Chartered Accountants: David Barnes FCA, Philip Nixon FCA

32 Queens Road, Reading, RG 1 4AU Email: [e-mail] Telephone: [phone] Fax: [phone] www.edwinsmith.co.uk

Registered to carry on audit work in the UK and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales.