The Leathersellers,
Barnet Charity
Annual Report and Accounts
For the year ended 31 December 2021
Charity Registration Number
247986

Contents
Reports
Legal and administrative information
Report of the Trustees
Independent examinerfs report
Accounts
Statement of Financial Activities
Balan¢e Sheet
Notes to the accounts
9-18
The Leathersellers. Barnet Charity

Legal and administrative information
Trustees:
Mr M T Berman
Chairman
(Nominative Trustee until IS December 20241
Mr M J Bradly Russell
{Nominative Trustee until 9 December 20231
Mr G G Bacon
Ex-officio Trustee (appointed 22 July 20201
Ms CJ Lennon
Ex-officio Trustee (appointed 21 July 20211
Mrj A Muirhead
Ex-officio Trustee (resigned 21 July 20211
MrRWPeart
(Nominative Trustee until IS December 20241
Mrs E J Womer51ey
(Nominative Trustee until 11 December 20221
Address:
7 St. Helen's Place
London
EC3A 6AB
Management
Company:
Harri50n Housing
46 St James's Gardens
London
WII 4RQ
Independent
Exarniner:
MHA Maclntyre Hudson
2 London Wall
Barbican
London
EC2Y SAU
Prlnclpal Banker:
HSBC Bank plc
IC(l Broad Street
London
EC2N IBG
Solicltor:
Farrer & Co LLP
66 Lincoln's Inn Fields
London
WC2A3LH
The Leathersellers. Barnet Charity I

Report of the Trustees
For the year ended 31 December 2021
The Trustees present their annual report and accounts of The Leathersellers. Barnet Charity for the year
ended 31 Detembef 2021. The accounts have been pTepared in accordance with the accounting policies set
out on pages 9 to 11 of the attached actounts and comply with the Charity'5 trust deed. the Charities Act
2011 and the Statement of Recommended Practice= Accounting and Reportlng èppli¢able to charitie5
preparing their accounts in accordance with the Financial Reporting Standard applicable in the United
Kingdom and Republic of Ireland IFRS 1021.
Structurei governance and management
The Leather5ellers' Barnet Charity is a registered Charity. number 247986. governed by a Scheme approved
by the Charity Commission dated 25 June 2(Kl7.
The Trustees are appointed by the Court of Assistants, the controlling body of The Leathersellers, Company.
The Master and Second Warden of the Leatherseller5' Company are Ex Officio Trustees and are elected to
serve for one year commencing on or about the 19 July each year. The other Trustees are appointed lor a
period ol four years.
The current Trustee5 of the Charity are shown on page l.
Each trustee takes responsibllity for monitoring the Charivs activities and consideration is given to the skills
mix of the Trustees to ensure that the Board of Trustees has all the necessary expertise required to
contribute fully to the Charity's developrnent. Periodic briefings and cour5e5 are also provided for Trustees.
No trustee received any remuneration from the Charity during ihe year nor were any out of pocket travelling
expenses reimbursed to the Trustees. No trustee had any beneficial interest in any contract with thE Charity
in the year.
Harrison Housing who themselves are an almshouse charity manage the Barnet properties on a day-to-day
ba515.
Risk Management
The Trustees have reviewed the Risk Registerwhich seeks to identify the significant risks to which the Charity
is exposed. Areas considered include the dably operations of the Charity, its investments and its finances.
The Trustees seek to mitigate identified risks by ensuring controls exist over the financial systems and safe
custody of the Charity's assets and investments. The Trustees believe that by monitoring the reserves of the
Charity over the long term, the stability of the reserves prowdes assurance that they have established
effective means to mitigate those risk5.
Purpose, Oblecttves and actlvltles for the publlc benefft
The Charitys primary purpose, as per its Scheme. is to provide. maintain and manage accommodation for
peoplewho are in need and to provide forthe general well-being of the residents. The Trustees confirm that
they have considered the Charity Commission's general guidance on public benefit when planning the
activities of the Charity and believe that the Charitys activities provide a clear public benefit.
The Leathersellers. Barnet Charity 2

Report of the Trustees
For the year ended 31 December 2021
Achle¥emÈnts durinB the year
The Charity provide5 22 flats. five of which can accommodate couples with the other seventeen suitable for
single occupancy only at the almshouses in Barnet. The occupancy rate for the year was 99.0% compared to
91.4% for 2020 which had been impacted by the effects of the Covid 2019 pandemic.
Although the occupanry rate wa5 not impacted by Co¥id the charity did suffer indirectly as the major cyclical
works on the Chapel Block which had been planned for the summer of 2021 were delayed as the result of a
key contractor having to take an extended break from work as the result of suffering Irom long Covid. The
work5 have been re5chedvled for 2022.
Financial Review
Total income at £221,764 fortheyearwas compa￿￿ to the previous yearfs figure of £200.695. However, the
income for 2020 was adversely affected by the Covid 19 pandemic and had shown a decline against 2019
both in terms of investment income received and ￿SIdents. contributions. Investment income in 2021 was
less than 1% below the income enjoyed in 2019 whilst contribution5 from residents was 10.8% up against
2020 income but only up 6.4% compared to such income for 2019. General Fund e¥penditure on charitable
activities was £186.50612020: £188.6801. Expenditure in most areas was in line with costs incurred in 2020
with the exception of repairs and maintenance where expenditure fell by £8,064112%1 An analysis of repairs
is shown in note 4 on page 12. The surplus for theyearon General Funds before transfers was £35,25812020'.
£12,015). The Trustees approved a transfer of £15,(ts)12020: £15,000) to the Extraordinary Repairs Fund
leaving a surplus before investments gains of £20.25812020= loss £2.985}. Investment gains were £12,914
12020..105s £17,889) which resulted in 3 total surplus on General Funds of £33,172 for the year12020.. deficit
£20,874). The General Fund stood at E227.21212020- £194.0401 at the year end.
The benefit to residents from the appointment of the Scheme Manager in 2019 continue to grow as the
community at Leathersellers Close appear happy and are highly supportive of each other. Communal
facilities which were closed in 2020 due to the pandemic were re-opened during the year.
The Extraordinary Repair Fund is held for futts￿ maior repairs to the fabric of the buildinE5 and expenditure
in year from this fund was £7.004 12020.. £3.489} which was significantly less than planned. The key
Contractor who was due to manage the planned works on the Chapel block was affected by Covid and the
project ha5 been put back to 2022 as a result. The value of the fund at the end of the year was É190,YIO
12020.. E169,8431 after including the transfer of £IS.000 frorn General Fund5. The fund is represented by
M&G Accumulation Income Units & the M&G Charity Fund Income Units.
The unreali5ed gain on the Perrnanent Endowment of £66.296 did not quite recover the ground lost in 2020
when the unrealised 10s5 was £104,021 but nevertheless the balance on the fund at the year end stood at
£S61,838 showing an impioved position12020= £495.5421. Income from the fund is used for the well-being
ol the residents and the capital of the Permanent Endowment must be held indefinitely by the Charity.
The Leathersellers, Barnet Charity 3

Report of the Trustees
For the year ended 31 December 2021
Reserves Pollry of the Charity
It is the poliry of the Trustees to retain sufficient general reseNes to allow lil the unhindered immediate
operations of the Charity in respect of its principal objects, lill the enhancement of common facilitie5 and
{iiil the refurbishment of the kitchens and bathroom5 in the flats as vacancies permit.
The Trustees have examined the requirement for free reserves i.e. those unrestricted funds not invested in
tangible fixed assets, designated for specific purpose5 or Othe￿ISe committed. The Trustees consider that,
given the nature of the Charity's work. the level of free reserves should be equivalent to at least three
month5. expenditure on charitable objectsat any onetime. TheTrustees are of the opinion that this provides
sufficient flexibility to cover temporary shortfalls in incoming resources due to timing differences irh income
flows, adequate working capita5 to cover core costs. and will allow the Charity to cope and respond to
unforeseen emergencies whilst specific artion plans are implemented. The actual level of free reserves is
£115.29712020: £106.0391 which is in excess of the required reserves policy level.
Long teim reserves to fund major repairs and refurbishment to the premises occupied by the Charity are
held in the Extraordinary Repair Fund. This is shown 35 the Designated Fund on the Balance Sheet.
Investment Policy
There are no restrictions on the Charity's powers to invest. The Trustees have set an Investment strategy
consistent with specific requirements across the Funds held.
Investments totalled É780.361 at year end market value. comprising £561.838 of Permanent Endowment.
£190.910 of De5i8nated Funds and £27.613 of General Funds. All funds are invested in M&G Charifund units.
Statement of Trustee's responsibilities
Charity Law requires the Trustees to prepare accounts for each financial year which give a true and fair view
of the state of affairs of the Charity and of the intome and expenditure of the Charity for that perlod. In
preparing accounts which gbve a true and fair view. the Trustees are required to..
select suitable accounting policies and then apply them ¢onsistently-
make judgments and estimates that are reasonable and prudent-
state whether applicable accounting standards and statements of recommended practice have been
followed, subject to any departures disclosed and explained in the accounts,.
prepare the accounts on the going concern basis unless it is inappropriate to presume that the Charity
will continue operation.
The Trtjsteesare responsible for keeping proper accounting recordswhich dÈsclose with reasonable accuracy.
at any time, the financial position of the Charity and which enable ihem to ensure that the accounts complv
with the Charities Act 2011. They are also responsible for safeguarding the assets of the Charity and hence
for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Leathersellers, Barnet Charity 4

Report of the Trustees
For the year ended 31 Oecember 2021
COVIL¥Ig Pandemic
After almost 2 years it is clear that the COVID-19 pandemic has had only limired impact of the Charity's
ability to operate in a very similar way to the position prior to 2020.
The Charily does not receive dorsations and ihus has not seen the loss of income experienced by many in
the Charity sector. The Charivs investment portfolio ha5 largely recovered the unrealised losses suffered
during the early part of the pandemic and at the year end was worth approximately £780,00012020.'
E685,orKJl and these investments could be liquidated and used to defrèy annual operating costs if the need
arose.
The Trustees have reviewed and updated their 10 year forecasts and remain satisfied that the forecasts
demonstrate the Charity's ability to continue normal operations for the foreseeable future. The Charity
entered its 2022 financial year holding almost £99,1￿) in cash at the bank. The reduction in cash compared
to the position at January 2021 was primarily the result of having paid many of its Supplier5 prior to the year
end with the result that creditors due within one year showed a reduction of almost £20.Crf)O compared to
the opening position.
The Trustees have every reason to be confident that the Charity should continue to operate a$ 4 8oinB
concern for the foreseeable futLtre.
Signed on behalf of the TrLtrStees-
Trustee
Approved by the Trustees on= 2 *
The Leathersellers. Barnet Charity 5

Independent examinerfs report
Independent Examinerfs Report to the Trustees of The Leatherseller< Barnet Charlty
I report to the charity trustees on my examination of the accounts of the charity for the year ended
31 December 2021 which are set out on pages 7 to 18.
Respon5ibilitie$ and bzsls (rf report
A5 the charity's trustees you are responsible for the yeparation of the accounts in accordance with
the requirements of the Charities Act 20111.the Art'l.
I report in respect of my examination of the charl￿5 accounts tarried out under section 145 of the
Act and in carrying out my examination I have followed all the applicable Directions given by the
Charity Commission under section 14515llbl of the ACL
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in
connection with the examination giwng me cause to believe that in any material respert:
accounting records were not kept in respect of the charity as required by section 130 of the
Act: or
the a¢¢ounts do not accord with those records- or
the accounts do not comply with the applicable requirements concerning the form and
content of accounts set out in the Charitie5 (Accounts and Reports) Regulations 2008 other
than any requirement that the accounts give a 'true and fair Vie￿ which is not a matter
considered as part of an independent examination.
I have no concerns and have corne acTOS5 no other matters in connection with the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
Sudhir Singh FCA
MHA MACINTYRE HUDSON
2 London Wall
8arbican
London
EC2Y SAU
Date: 4 July 2022
The Leaihersellers. Barnet Charity 6

Statement of Financial Activities
for the year to 31 December 2021
2021
2020
Unrestritted
Oesignated
Endowment
Total
Total
funds
fvAds
funds
fund5
funds
Note
Income and Endowments
Investment Incoffte
Residents. contribulions
36.315
185.449
36.315
185.449
33.426
167.269
Total In¢ome
221.764
121.764
200.69S
Expenditure
Expenditure on charitable
186.5(
193.slo
192,169
Total Expenditure
186.$06
193.510
192.169
Net Income before transfers
35.ZS8
17.11041
28.254
8.526
Transfer beiween funds
15
11S.IMxII
Is.(
Net income before GalnllLos51
on investments
20.2S8
7.996
28.254
8.526
Net GainllLos51 on investment
assets
12.914
13.071
66.296
92.281
1142.1721
12.914
13.071
66.196
92.281
1142.1721
Net Movement In Fufids
33.172
21.(67
66.296
120.53S
1133,6461
Fund Balantes
at the start af the ypar
194.040
169.843
495.542
859.425
993,071
Fund Balances
at ihe end ol the year
2Z7212
190.910
561.838
979.960
859,425
The notes on pages 9 to 18 fomi part of these financial siaiements.
The Leather5ellers' Barnet Charity 7

Balance Sheet
as at 310ecember 2021
2021
2020
Unrestrieted
Funds
Designated
Funds
Endowrnent
Fund5
Total
Funds
Total
Funds
Note
FSxed assets
Tangible fixed
assets
111.915
111,915
88.(￿1
Investments at
market value
io
27.613
190.910
SGI.838
780.361
683,694
139,528
190.910
561.838
892.276
771,695
Current a55ets
Debtors
Cash at bank and in
hand
li
S.972
5.972
3.392
9B.912
98.912
121.119
104,884
104,884
124.511
Credltors.. amounts
fallin8 due within
one year
12
17.200
17.200
36.781
Net current assets
87.684
87.684
87.730
Total assets less
current liabilitles
2272lZ
190310
561*38
979.960
B59,425
Represented b
Funds and reserves
Permanent
endowment funds
Designated funds-
extraordinary
iepairs
Unre5thcted funds
561,838
S61￿38
495.542
190.910
190.910
169.843
227.212
227.212
194.040
227212
190.910
S61￿38
979.960
8S9.42S
Trustee
Approved by the Trvstees on 2
In 2020 all desiRTrated and endowment funds were allocafed io fixed asset investments.
The notes on pages 9 to 18 form part of these financial 5taternents.
The Leather5ellers' Barnet Charity 8

Notes to the accounts
for the year ended 31 December 2021
l AccountKn8 Policies
The Leathersellers, Barnet Charity is a Charity registered in England & Wales. number 247986. and is
governed by a Scheme approved by the Charity commission dated 25 June 2007.
Basls of Accounting
The accounts of the Charity have been prepared on a going concern basis under the historical tost
conventron, with the exception that investments are included at market value. The accourbts have been
prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
IFR51021 and applicable UKAccountin8Standards and the CharitiesAct 2011 and UK Generally Accepted
Practio as it applies from l January 2015.
The financial statements have been prepared to give a 'true and fairf view and have departed from the
Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'trve and
fair view. This departure has involved following the Accounting and Reporting by Charities= Statement
of Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial ReportinE Standard applicable in the UK and Republic of Ireland IFRS 1021 i55ued on 16 July
2014 rather than the Accounting and Reporting by Charities= Statement of Recommended Practice
effective from l April 2￿5 which has since been withdrawn.
The Charity meets the definition of a public entity under FRS 102.
The financial statements are presented in steding whith is the funttional currency of the Charity and
rounded to the nearest pound.
The financial statements have been prepared on a going concern basis as the Trustees believe that no
material uncertainties exist. The Trustees have considered the level of funds held and the expected
level of income and expenditure for 12 months from authorising these financial statements, including
the impact of COVID-19. The budgeted income and expenditure is sufficient with the level of reseNes
for the Charlty to be able io continue as a going concern.
Income and Endowments
All incoming resources are included in the Statement of Financial Activities ISOFAI when the Charity is
legally entitled to the income. Residents. contributions (which include Service charge income) are
accounted for in the period to which they relate.
Expenditure and the Basis of Apportioning Costs
All expenditure is accounted for on an accruals basis and has been classified under heading5 that
aggregate all costs related to the category. Expenditure is recognised once there is a legal or
constructive obligation to make payments to third parties. it is probable that the settlement will be
required and the amount of the obligation can be measured reliably.
Charitable ex
enditure
Costsforthe full year indude the costsof refurbishment. maintenanceand management ofthe propertv
and costs relating to the general welfare ot the residents. All expenditure is charged sn the financial
year to which it relates.
The Leathersellers. Barnet Charity 9

Notes to the accounts
for the year ended 31 December 2021
Support costs
Support costs are those that assist the work of the Charity but do not directly represent charitable
activities and include office costs, governance tosts and administrative costs. They are incurred directly
in support of expenditure on the objects of the Charity.
Tangible fixed assets
A ￿VIeW for Smpaifment of a fixed asset is carried out if events or changes in circumstances indicate
that the carrying value of any fixed asset may not be retoverable. Shortfa115 between the carrying value
of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are
recognised in the Statement of Financial Activitie5.
The surplus or deficit on disposal of fixed assets is accounted for in the income and expenditure account
of the period in which the disposal occurs as the difference between the net sale proceeds and the net
carrying value.
Depreciation
All assets over £5.OCQ are capitalised. Depreciation is provided on all tangible fixed a￿ts. at rates
alculated to write off the c05t, less estimated residual value, of each asset on a systematic basis over
its expected useful life. ND depreciatiort is provided on freehold land.
Asset Lives
Years
Kitchen
15
Bathroom
15
Electrics
40
Security eqvipment
Car park improvements
50
Investments
Fixed asset investments are a form of basic financial instruments and are inÉtially recogni5ed at their
transaction value and subsequently MeasU￿d at fair value Using the closing Quoted market price or the
share of the Net Asset Value of the fund lif unlisted). All gains and losses are taken to the Statement of
Financial Activities as they arise. The Stalement of Financial Activities includes the net gains and losses
arisinE on revaluations and disposals throughout the year. A5 investments are revalued to fair value
contÉnuously. no realised gains or losses arise.
Debtors and Creditor5
Debtor5 are recognised when the Charity is legally entitled to the income after any performance
conditions have been met. the amount can be measured reliably and it is probable that the income will
be received.
Creditors a￿ recognised when the Ch3rity hès a present legal or constructive obligation resulting from
a past Èveftt and the settlement is ex￿cted to result in an outtlow of economic benefits.
The Leathersellers, Barnet Charity io

Notes to the accounts
for the year ended 310ecember 2021
Fund Ac¢ountlng
Restrictedfunds
Restricted funds comprise monies raised for. or their use restricted to a specific purpose {see note 151.
Deslgnated funds
Designated funds comprise Unfestricted funds that have been set aside by the Trustees for particular
purposes. The airn and use of each designated fund is set ovt in the note5 to the financial statements.
Endowment Funds
The majority of these are funds permanentlyendowed for the particularcharitable objectives set out in
the Tru5tees' Report where the capiLIl may not be spent.
General Fund
The general fund comprises unrestricted accumulated Surpluses and deficits on continuing activitie5. It
is available for use at the discretion of the Trustees in furtherance of the Charity's objectives.
FIMancial Instruments
The Charity onty hold5 basic financial instruments. The financial assets and financial liabilities of the
Charity are as follows-
Debtors- trade and other debtors (including accrued income) are basic financial instruments and are
debt instruments measured at amortised cost as detailed in Note 11. Prepayments are not financial
instnjments.
Cash at bank- is classified as a basic financial instrument and És measured at face value.
Liabilities- Trade creditors, accruals and other ueditors will be tlassified as financial instruments and
are measured at amorti5ed cost as detailed in Note 12. Deferred income is not deemed to be a financial
liability as the cash settlement ha5 already taken place and there is simply an obligation to deliver
charitable 5ervice5 rather than cash or another financial in5trvment.
2 Investmerrt Income
2021
2020
1n￿tm*rtt Income
Divid2nd5 from Endowment Funds
Dividend5 from General Funds
ank Deposit Interest
31.920
4.385
io
24.189
9.036
200
36.315
33.425
The Leathersellers, Barnet Charity 11

Notes to the accounts
for the year ended 31 December 2021
3 ExpEnditure on Charitable activities
2021
2020
Dlrert Expenditure
Repairs & rnaintenance (note 41
Cleaning
Upkeep of Garden5
Lighting and Heating
Water raies and Cotsntil tax
Insurance
Telephone
fjifts to residents
Donation5
Residents Welfare
Careline Emergency Service
Depreciation
Support costs Inore 51
Governance costs (note 61
59.245
2,986
22.965
20.922
2,973
3,698
3,207
1.121
67.309
3.034
22.455
20,390
3.7SI
3.549
675
1.024
loo
2.156
3,503
7.129
50.485
3.120
2,349
3.712
8.334
51,574
3,420
186,506
188.680
Cytlical repairs (Designated Funds)
3.489
Totsl Expendlture- allfvnds
193.510
192,169
4 Repairs
2021
2020
Flat refurbishments and access
Surveyor5 fees
Boiler & HeatiTrg overhaul & repair
Water hyeierte works
Fire alarm. extinguishers & doors
Electrical test%ne antj repaiis
Day to day repairs
Pest Control
10.922
960
22.543
1.740
11,776
1.384
4,221
3.702
20.767
1.176
11.359
1.005
460
11.996
20.959
1.584
59.245
67.309
5 support Costs
2021
2020
Management Fee
Oiher expenditure
49.511
2.063
SI￿74
48.720
1,765
50.485
The Leathersellers. Barnet Charity 12

Notes to the accounts
for the year ended 31 December 2021
6 Governance Costs
2021
202D
Independent Examiner's fees
3.420
3,120
7 Trustees. and Key ManaEement Personnel Remuneration and Expens
The Trustees. who comprise all the Key Management Personnel of the Charity. neither received nor
waived any remuneration durin8 the year 202112020= £nill. The Trustees did not have any expenses
reimbursed dvring the year12020: £nill. Harrison Housing were employed by the Trustees to act a5 the
Managing Agent for the charity an(1 are responsible for day-to-day administration.
8 Employees
There were no employees in 202112020: Nill.
9 Tangible Fixed A55ets
Freehold Land and Buildin
The charity owns freehold18nd and buildings. being its almshouse properties in Barnet.
The land and buildings were originally held in trust in perpetuity by the Leathersellers. Company for use
of the poor under a Declaration of Trust dated 22 April 1846. The Declaration was incorporated into
the Charity Commission's scheme of 1984. The Declaration of Trust was for land purchased by the
Leathersellers, Company in 1603 for £100 and for buildin85 erected thereon in 1838 at a cost of £3.274.
Part of the property was re-built in the 19605. The trustees have assumed that the buildings have been
fully depreciated and consequently neitherthe land northe buildings has been included in the accounts
on the grounds of mateiiality. The Custodianship of the propetty was transferred to the charity in 2007.
Bullding Improvements
Cost
At l January 2021
Additions during the year
At 31 December 2021
97.375
32,248
129,623
Depreciation
At l January 2021
Charge for the yea
At 31 December 2021
9374
8.334
17,708
Net book value
At 31 December 2021
111.915
At 31 December 2020
88.001
The Leathersellers, Barnet Charlty 13

Notes to the accounts
for the year ended 31 December 2021
10 Investments
units
Cost
2021
2020
Endowments
M&G Charifund In¢ome Units
Grasvenor Trust
The Leathersellers. Bamet Charities
Iformerly Coverley and 8uThcel
The Leatheisellers. Barnet Charitie5
Iformerly Quncel
The Leathersellers. 8enEvolent Fund
The Leathersellers, Benevolent Fund
The Ellioll and Others Trust
46.12
772
718
633
1.016.33
17.012
15.816
13.950
177.61
2,973
2.764
2,438
3.494.18
1.943.00
29,426.00
36.103.24
58.488
20.847
471.619
S71,711
54.376
30.237
457.927
561.838
47,960
26.669
403.892
495.542
SiBnifies value at
transfer
General and Designated Funds
M&G Charifund ￿(lIm￿latiOn Units
The Leatherseller5' Barnet Charity
376.093
44,832
44.832
109.084
109.084
91,628
91.628
37&093
M&G Charifund In
ome Units
The Leathersellers, Barnel Charity
7.032.36
7.032.36
115,729
115.729
109A39
109,439
96,524
96.S24
Total at end of year
732.272
780.361
683.694
Movernent on Investments
Valuation at the start of the year
Additional investments (Restricted fundl
683,694
4.385
688,079
92,282
821.S41
4.325
82S.866
1142.1721
683.694
Revaluation GainllL055)
Valuation at the end of the year
780,361
The re5erve5 policy and allocation of investment funds is explained on page 4 of the Trustees, Report.
Further details are provided in note 15 to the accounts on pages 16 and 17.
The Leathersellers, Barnet Charity 14

Notes to the accounts
for the year ended 31 December 2021
11 Debtors
2021
2020
Trade debtors
Prepayments
Other debtors
3.086
Z.886
685
2.617
90
5.972
3.392
12 Credltor5: amounts falling due within one year
2020
2020
Trade ueditors
Resident accounts in credit
10.676
sos
26,860
3,957
5.964
Accruals
6.019
17.200
36,781
13 Contingent Liabilities
There are no known contirtgertt liabilities as at 31 December 202112020= £nill
14 Related Party Transartions
The Trustees of the Charity are all appointed, ex officio or as nominative Trustees by the Leathersellers.
Company.
There were no transartions directlywi(h the Leathersellers. Company during either year and there were
no balances outstanding at either year end w5th the Leathersellers. Company.
There have been no related party transactions in either reporting period.
The Leathersellers. Barnet Charity 15

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Notes to the accounts
for the year ended 31 December 2021
Llnked Charltles
The L<2thersellets' 112met Ch2riry has the follo￿￿nE linked charities:
AnnL. EIIioL
IlirnLt Aliiishouses
Elizibcth Grasi'cnor Iorhcrwisc Gravcncr)
JaTnes Bunce for Almspeople
John .Sudbury
Nissen Tw$¢
Extraordinary Repair Fund
The Trustee5 maintain an Ertraordinary Repair Fund as required under the Trust Deed for the
extraordinary repair. cyclical repairs. improvement or rebuilding of ihe homes and the other property
of the Charity. The Trustee5 keep the size of the fijnd under review in the light of the demands which
may be made upon the fund. During the year ended 31 December 2021 £15,00012020'. £15,000) was
transferred into this fund in line with fvtV￿ forecast expenditure to 2030. Only £7,004 repairs were
tarried outduring theyear which were chargeable to the Extraordinary Repair Fund asthe major project
was delayed by key contractors being unavailable due to the Covid 19 pandemic.
Unrealised investment gains relating to this fund were £13.07112020: unrealised loss £20,2621. The
value of the fund at 31 December 2021 was £190.91012020= £169.8431.
Endowment Funds
Income from the following permanent endowmerrts are able to be used by thÈ Charity rn pursuance of
its general charitable objective5. Unreali5ed gains orlosseson thevalue of the endowments are retained
in the relevant fund.
In July 1984 the Charity Commission approved the transfer to the Leatherseller5' Barnet Charities
of one sixth of the permanent endowment and accumutated income of the C J Coverley Trust
amounting to £1.397.
In April 1990 the Commission approved the transfer of £4.713 from the capital and accumulated
income of the Charity of James Bunce. Under the same Scherne £1,211 of the capital and
accumulated income of the Charity for the benefit of the churchwardens of Otterden was
transferred and the related income is now paid to the Leatherseller5 Bamet Charities.
In May 2004 a transfer of investments rèpresenting the Endowments and accumulated General
Funds of the Leatherseller< Company Benevolent Fund Icharity Registration Number 2479871 at
values of £63,016 and £26,789 respectively were made to the Leathersellers. Barnet Charit¢e5
under the Charity Commission agreement of25 March 2(K)4.
iv.
In December 2006 a transfer of investments representing 35% of the endowments of the Ann Elliott
and Others Trust (Charity Registration Number 2558841 at a value of £471.619 was made under a
Charity Commission Scheme dated 6 November 2006.
The Leathersellers. Barnet Charity 18