2021-12-31-accounts - Woodley Sandford And Charvil Charitable Trust

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The Trustees:		Mrs Pauline Allen (Chairman - 5 year term ofoffice to	Mrs Pauline Allen (Chairman - 5 year term ofoffice to
		10+July 2026)-Co-opted
		Mr Rodney Huggins (Vice-Chairman -5year	term of
		office to 10+ January 2025) —Co-opted
		Mr Michael Mitchell (5year term ofoffice to	25'"
		February 2024) —Co-opted
		Mrs Sonia Boyles (5year term ofoffice to 3	October
		2022) —Co-opted
		Mrs Jane Batts (5year term ofoffice to 26'" February
		2024) —Co-opted Mrs Shelagh Flower (4year term ofoffice to 31"May
		2024) —Woodley Town Council Ms Jennifer Cheng (4year term ofoffice to 31"May
		2024) —Woodley Town Council
		Mrs Beth Rowland (Term ofoffice from 10'"December 2019to 5'" June 2022) - Woodley Town Council Mrs Lauren McCann (4year term ofoffice to 8'" May
		2022) —Charvil Parish Council Mr Abdul Loyes (4year term ofoffice to 31"May 2023)
		—Wokingham Borough Council
		Mrs Kay Gilder (9months term ofoffice to 28 June
		2022) - Woodley Town Council
		Mr David Mills (deceased 24 March 2021) —Woodley
		Town Council
Clerk to the Trustees:		Mrs EM Fidler
Office Address:		4Tiverton Close
		Woodley
		Reading
		RG5 3BE
Bankers:		Lloyds Bank Plc
		Bracknell
		Berkshire
Solicitors:		Field Seymour Parkes LLP
		1 London Street
		Reading
		RG1 4PN
Architect:		Christopher Tapp	RIBA
Auditor and Accounting &Tax		Advisers: Edwin Smith
		32 Queens Road
		Reading
		Berkshire
Charity Commission	registration	number: 242574
Regulator ofSocial Housing registration number: ESA2366


2020				2021
	TURNOVER
66,125	Gross maintenance charges receivable			69,639
1,965	Less: Voids			2,811
64,160	Net maintenance charges			66,828
13,855	Utility charges receivable			13,716
280	Storage unit rents received			280
78,295				80,824
	OPERATING COSTS
33,119	Services			36,367
9,649	Management			9,673
26,637	Routine maintenance			50,917
	Extraordinary repairs
69,405				96,957
8,890	OPERATING SURPLUS (DEFICIT)			(16,133)
14,130	Profit/(Loss) on revaluation offixed asset investments			52,341
	Profit/(Loss) on revaluation ofproperty	investments	(note 2(ii))	25,000
36,462	Interest receivable and other income (note 10)			35,187
	Interest payable and similar charges
59,482	Surplus on ordinary activities before taxation			96,394
	Taxation on surplus on ordinary activities (note 12)
59,482	GROSS SURPLUS FOR THE YEAR			96,394
(8,948)	RELIEFIN NEED GRANTS &DONATIONS			(6,890)
50,534	NET SURPLUS FORTHE YEAR			89,504
	MOVEMENT ON RESERVES
1,818,162	Balance brought forward			1,906,507
50,534	Net surplus for the year			89,504
	Net transfers from/(to):
37,811	Building Fund Extraordinary maintenance reserve			~11,755
1,906,507				1,984,256

2020
f.
	FIXEDASSETS
1,101,198	Freehold housing properties	(note 2)	1,126,198
138,726	Property Improvements (note 2)		141,016
1,181,047	Investments (note 3)		1,308,953
2,420,971	TOTAL FIXEDASSETS&INVESTMENTS			2,576,167
	CURRENT ASSETS
2,556	Debtors (note 4)		3,818
45,916	Cash at bank and in hand		47,931
48,472			51,749
	CURRENT LIABILITIES
~27,278	Creditors - amounts falling	due within one year (note 5)	~(20,290
21,194	NET CURRENT ASSETS			31,459
	PROVISIONS FORLIABILITIES (note 6)			(12,147)
2,442,165	TOTAL ASSETSLESSLIABILITIES			2,595,479
	CAPITAL AND RESERVES
535,658	DESIGNATED RESERVES (note 7)			611,223
1,906,507	REVENUE RESERVES(note 8)			1,984,256
2,442,165				2,595,479

depreciation charge off11,959(20	20f	7,1	74)arising	from the cum	ulative expendi	ture to 31Dec	ember 2021
INVESTMENTS					Market		Market
				Cost	value	Cost	value
				2020	2020	2021	2021
National Association ofAlmshouses	Common			117,046	369,639	128,801	430,254
Investment Fund - 4109.259 Accumulation			sharesa
Charities OFicial Ethical Investment	Fund					373,872	396,997
126852.49 Income Units
Charities Offlcial Investment Fund				50,021	347,439
19,328.26 Income units
Charities Offlcial Investment Fixed	Interest		Fund	125,000	134,740	125,000	126,216
95,028.13Income units
National Association ofAlmshouses	Common			107,144	125,561	107,144	136,868
Investment Fund - 150,156.946Income		shares
COIF Charities Deposit account				37,649	37,649	37,649	37,649
National Association ofAlmshouses	Common
Investment Fund - 198,540.308Income		shares *a		151,806	166,019	151,806	180,969
Designated Extraordinary Maintenance		fund				A&222.	IKE.252
Designated Building fund

5	CREDITORS - amounts falling due within o	ne year
	Creditors falling due within one year include	f439(2020 - f925) in respect of
	payments in advance ofresidents maintenance	and utility charges.
	The balance represents other creditors and accruals.
6	PROVISIONS FOR LIABILITIES		2020	2021
				f
	Unbilled gas charges by SSEEnergy Supply	Ltd		12,147
7	DESIGNATED RESERVES
	BUILDING FUND 8cEXTRAORDINARY	MAINTENANCE
	Balance at beginning ofyear		604,901	535,658
	Transfer from/(to) Revenue Reserves
	Building Fund
	Extraordinary Maintenance		(37,811)	11,755
	Protit/(Loss) on investments revaluation
	Building Fund Extraordinary Maintenance Balance c/fwd at 31stDecember		(13,402) ~18,030 535,658	14,950 48,860 ~ITZT
	comprising Building Fund		166,019	180,969
	Extraordinary Maintenance		369,639	430,254

8	REVENUE RESERVES				2020	2021
					E	f
	Balance at beginning ofyear				1,818,162	1,906,507
	Surplus for year				50,534	89,504
	Profit/(Loss) on investments Transfer to/from Designated	revaluation Reserves	to designated	reserves	37,811	~ll,755)
	Balance at end ofyear				1,906,507	1,984,256
9	OFFICERS' AND SENIOR	EXECUTIVES' EMOLUMENTS
	The only person receiving emoluments was the clerk to the trustees. The clerk' s remuneration for the year to31stDecember 2021 wasf12,529.
10	INTEREST RECEIVABLE	AND OTHER INCOME			2020	2021
						E
	Net income from 223 Loddon Bridge Road (see note			10)	9,328	8,892
	Interest and dividends on investments				26,742	25,431
	Other income				392	864
					36,462	35,187
11	INCOME FROM PROPERTY - 223 Loddon Bridge			Road, Woodley	2020	2021
	Rental income				11,700	11,810
	Decorating &repairs Less agents commission and	disbursements			(1,108) ~),284) 9,328	(1,641) ~1,277) 8,892