2021-03-31-accounts

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This sfendsnf	This sfendsnf	This sfendsnf	This sfendsnf			ist ofsccounring poiibkrs has been applied by Ihe cherry except forthose hcked No"or 'Nre'. yvbere	ist ofsccounring poiibkrs has been applied by Ihe cherry except forthose hcked No"or 'Nre'. yvbere	a	dh(emnt o	dh(emnt o
addlionai		poky hss been					adopted then this isdefaied h Ihe box irekrw.
Recoonltion				ofincome			These am induded in the Slatement of Fxtsncial Activibes (SoFAI when:
							~ the charily becomes enUtlad to the resources;
							itis rrore lkelv than not that the trustees vsfi receive Ihe resources; and						wa
							~ lhe moneiarv vahe cen ba measured with sutyicient reliabiity.
							There has been no offset6ng ofassets and liabilfies, or income and expenses, unless required			or	Yes	No	Wa
							permitted by the FRS102SORP or FRS102.
							Grants and donations are only induded h ths SOFA when the general income recognition criteria are mel (5.10lo5.12FRS102SORP).
							In the case ofperformance related grants, income musl only be recognised lo Ihe exlent						wa
							that the charity has provided the speciTied goods or services as entmernent lo Ihe grant
							only occurs when the performance related condi6ons are met (5.16FRS 102SORP).
Legacies							Legacies are induded in ihe SOFA when receipt is probabls, that is, when there has been				Yes
							grant ofprobate, the executors have established that there are sufficient assets h the
							estate and any conditions attached to the legacy are either within the control ofthe charity
							orhave been met.
Government				grants			The charity has received government granls in ths reporlhg period				Yes	No	N/a
							Gifi Aid receivable is induded in hcome when there isa valid dedaralon from Ihe donor.
Tax reclaims						on donations	Any Gig Aid amount recovered on a donation is considered lo be part ofthai gilt and is
snd gifts							treated as an addition to the same fund as Ihs initial donabon unless Ihe donor orthe
							terms of Ihe appeal have spa ciTied otherwise.
Contractual perfonnance				income snd related grants This is only induded in Ihe SoFA once Ihe charily has provided the related goods or senrices or met the performance related conditions.
							Donated goods are measured at fak value (the amount for which the asset could be				Ves	No	Wa
							exchanged) unless impractical to do so.
							The cost ofany stock ofgoods donated for disbibution to bensgdsrles isdeemed to be	Ihe
							fair value ofthose gifls al lhe time of their receipt and they are recognised on receipt. In				Yes
							Ihe raporfing period in which Ihe stodge are dtslributed, Ihey ere recognised as an expense
							at Ihe carrying amount ofths stocks at distebution.
							Donated goods for resale are measured at fair value on initial recognition, which is Ihs
							expeded pmceeds from sale less the expechd costs ofsale, and recognised in 'Income
							from other trading acivilies' with the cormsponding stock recognised in the balance sheet.
							On its sale the value ofstodx is charged against 'Income fiom other Imding adivilies' and
							Ihe proceeds from sah are also recognised as 'income from other Imding activiliesi
							Goods donated for onriiohg use by the charily are recognised as tangible fixed assets	and			Yes	No	Wa
							rnduded in the SCFA as inconing resources when receivable.
							Gifts in kind lor use by ths charity are induded h the SoFA as income from donations when				Yes	No	Wa
							receivable.
Donaaid services and							Donated services end fac$5es are induded in the SOF*when received at the value of	the
fscilHies							gift to Ihe charity provided the value ofIhe gift can be measumd reliably.
							Donated senrices and faoilies thai are consumed hvnediately are recognised as hcoms
							vrith an equivalent amount recognised as an expense under the appropriate hsadhg in	ths
							SOFA.
Support	costs						The charity has incunad expenditure on supporl costs.
Volunteer		help					The value of any voluntary help received is not induded in the accounls but is described the bushes' annual repoh		in
Income	from			irrhrest,			This is induded in ths accounts when receipt is probable and the amount receivable can		be
royalbes		and			dividends		measured reiably.
Income	from			membership			Membership subscriptions received in the natura ofa gih are recognised in Donations and
subecripfions							Legacies.
							Membershp subscriplions which gives a member the right lo buy services or other benefris
							ars recognised as income earned from Ihe provision ofgoods and services as income from
							charitable acfivifies
Settlement «lalms		of			ins ura nce		Insurance daims are only included h the SoFA when lhe general xicorrxr recogniTion aiteria am msl (5.10lo 5.12FRS102SORP) and are induded as an item ofother income in the
							SoFA.
Investment losses			gains and				This indudes any realised orunreatsed gains or losses on the sale ofhveslments snd	any			Vee	No	Wa
2.3 EXPENDITURE							gain ol' loss iasutfing from revaluhg hvestments to market value al the end ofthe year. AND LIABII ITIES
Liability	recognltlon						Liabiities are recognised where il is mors ikely Ihan not that there o a legal orconslrucfive					No	Wa
							obigabon cormitling the charity to pay oui resources and Ihe amount ofthe obligabon	can
							be measured with reasonable cerlainty.
Governance costs				and support			Support costs have been alocated between governance costs and other support. Governance costs comprise al costs involving pubfic accountabiity ofIhe iharly and ils
							compiance vxth regulation and good practice
							Support costs hdude central funcUons and have been alhcated lo ecfivity cost categories				Yes
							on a baas consistent with the use ofresoumes, eg alhcaling properly costs by floor arsas,
							or per capita, staff costs by the time spent and other costs by Ihsir usage.
Grants with conditions			performance				Vfitere ths charity gives a grant with conditions for ils payment being a specTio level of service or output to be provided, such grants are only recognised in the SoFAonce the
							recipient of!he gmnt has provided Ihe speciTisd senlce oroutput.
Grarris payable without perfonnance conditions							yyhem there are no conditions attaching Io the grant that enables the donor charity to realistically avoid the convniriment, a liabiTity for the full funding obigation rrxrst be recognised.				Ves	No	Wa

Redundancy	Redundancy	cost	cost	cost	The charriy made no redundancy payments during ths reporiitg period.				Ves	No	Wa
Deferred income					No material item ofdeferred income has been induded in Ihe accounts.				Ves	No	Wa
					The charity has creditors which are rrwasured at selriement anxrunts less any bade				Yes	No	Nra
					discounts
Provisions		for	liabilities		A fiabrfty rs measured on recognition slits historica cost and then subsequently measumd al the best eskmats ofIhe amount requisd lo setge the obkgabon at Ihe rapor5ng date
Basic gnanciat			inseuments		Ths charity accounts for basic financial instruments on initial recognition as per paragraph 11 7 FRS102SORP. Subsequent measurement is as per paragraphs 11.17to 11.19,
					FRS102SORP.
2.4ASSETS
Tangkrie fixed assets for					These are capilaised ifthey can be used for more than one year, and cost at ieast
use by charity
					They are valued al cosL
					The depreciation rates and methods used are disdosed in nots 9.2.
Intangible	fixed		assets		The charily has intangible fixed assets, that is, nonvnonelaiy assets thai do not have				Ves	No	Wa
					physical substance but are idenliTiabls and are conbolled by the charity through cuslody			or
					legal right. The amoriisation rates and methods used are disdosed in nots 9.5
					They are valued sl cost.				Yes
Heritage assets					The charity has heritage assets, thai rs, non-monetary assets with historic, arlisic, scientific,
					technological, geophysical orenvvonnienlal qualifies Ihat are held and nwintainsd
					principally for their contribution to knowkrdge and culture. The depreciation rates and
					authors used as disdosed in nolo 9.6.txk
									Yes	No	Nla
					They ara vs4ed at cosL
Irlvsstriisllbi					Fixed asset investmsnls in quoted shares, tmded bonds and simyar investments are	va4ed
					al iniially al cost and subsequently al fair va4e (their market value) at Ihe year end.		The
					sana treatment is appisd lo unlisted investments unless fair value cannot be measured
					reliably in which case il is measured at cost less impainnenL
					Investrrxrnts held for resale or pending Ihek sale and cash and cash equrralsnis with		a
					maturity date ofless than 1 year are trealed as cunenl asset investmsnts
Stocks and		wiwk		in	Stocks held for saki as part ofnon-charitable trade are measured at ths lower orcost		or net
progress					realisable va4e
					Goods or services provided as part ofa chantable activity are measumd at net reaisabls			value
					based on Ihe service potential pmvided by items ofstock
									Yes
					Work in progress is valued at cost less any foreseeabls kiss that is likely to occur on	the contracb
					Debtors (inc4ding Imde debtors and loans recewable) sre measured on initial recognibon			at	Yes
					sstgement amount ager any trade discounts or amount advanced by the charity. Subsequently,
					they ars measured at the cash or other consideration expected lo be received.
					The charily has has bveslmenls which il holds for resale or pending their safe and cash and cash
Current asset investmerrls					equivalents with a maturity dale less than one year. These inc4de cash on deposri	and cash
					equivalents with a maturily dele ofless Ihan one year hald for invesinent purposes meal shor term cash comnrirrxrnts as they fall due.	rather Ihan lo
									Yes	No	Wa
					They are va4ed at fair va4e except where they qualify as basic financial insbumenls.
POLICIES	ADOPTED
ADDITIONAL TO OR
DIFFERENT FROM
THOSE ABOVE

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Note 3				Analysis				ofincome
																	Restricted
																Unrestricted	income	Endowment
																funds	funds	funds	Total funds	Prior year
								Anal		sis										F
Donations		Donations				and		ifts
and legacies:
		Ie	cies
		General		grants			provided		by government/other
		charities
		Membership subscriptions								and sponsorships
		which	are			in substance			donations
		Donated				oods,		facilities	and		services
		Other
															Total
Charitable
activities:
		Other
															Total
Other trading
activities:
		Other
															Total
Income	from	interest		income
investments:		Dividend			income
		Rental and				leasi		income									142222		142222	129308
		Other
															Total		142,406		142406	129562
Separate
material	item
of income:
															Total
Other.		Conversion				ofendowment				funds			into	income
		Gain	on	disposal				ofa tangible			fixed asset				held for
		charity's		own use
		Gain on		disposal				ofa programme					related
		investment
		Royalties			from the exploitation							of	intellectual
		property		rights
		Other
															Total
TOTAL INCOME																	142406		142406	129562
Other information:
Ail income in the		prior	year			was unrestricted					except for: (please
provide descrlpaon and amounts)
Where any endowment			fund			is converted			into		income			in the
reporting	period,	please give the					reason		for	the		conversion.
Where any endowment			fund			is converted			into		income			in the prior
period, please give the			reason for					the conversion.

							~	~
Note 6	Analysis				ofexpenditure
										This	year						Last	year
								Urrestrictsd	Restricted		Endowment			unrestricted		Restricted		Endowmsrst
Analysis								funds	income funds		ftstds	Total ftstds		funds		income funds		funds	Total funds
Ex enditure on raisin		funds:																	E
Incurred seeking donations
Incurred seeking legacies
Incurred seeking grants
Operating membership	schemes				and
sochl lotteries
Staging fundrais hg events
Fudraising agents
Operating charity shops
Operating a trading company				undertaking
non-charitable trading activity
Advertising, marketing,	direct			mail	and
I
Start up costs Incurred	in	generating				new
source offuture income
Database devebpment	costs
Other trading activ Nes
Investment management		costs:
Portfofo mana ment costs
Cost ofobtaining investment				advice
Investment admhistragon		costs
Intelectual property hcenchg				costs
Rent collection, property		repairs and
maintenance charges								69635				69	635	66	162				66	162
Bank loan interest
								13702				13,702
Total expenditure on raising funds								83337				83	337						66	162
Expenditure on charitable			activities:
Total expenditure on charitable
activities
Se arete material item	ofex ense
n t m' t								2760				2	760	2,760					2	760
L al and rofessional fees								5 123				5	123	8	022				8	022
Subscr lons and sund													686		210					210
Total								8569				8	569	10	992				10992
Other
Total other expenditure
TOTAL EXPENDITURE								91 906				91	906	77	154				77	154
Other information:
Analysis ofexpenditure		on		charitable			activities
										This	ear						Last	ear
Activity or programme								Actlvides undertaken directly	Grant funding of activities		Support Costs	Total this year		Acdvitles undertaken directly		Grant funding of acdvttles		Support Goats	Total last year
Aclivii 1
Activil 2
Other
Total

						This year	Last year
Independent	examiner's	fees				2,760	2,760
Assurance	services other	than audit or independent	examination
Tax advisory fees
Other fees	(forexample:	financial advice, consultancy,		accountancy	services) paid to the
independent	examiner

(iv) Explain any contractual obligations tor the purchase,	(iv) Explain any contractual obligations tor the purchase,	(iv) Explain any contractual obligations tor the purchase,	(iv) Explain any contractual obligations tor the purchase,	(iv) Explain any contractual obligations tor the purchase,
construction ordevelopment ofinvestment		property		orfor repairs,
maintenance or enhancements
17.4 Please provide a breakdown ofcurrent			asset investments,		Ifapplicalge, agreeing with the balance sheet.
Analysis ofcurrent asset Investments						This	year	Last	year
Cash orcash equivalents
Listed investments
Investment properties
Social investments
Other investments
Total
17.5Guarantees
							This year				Last year
Please provide details and amount	ofany guarantee			made tooron
behalf ofathird party
Name ofthe entity or entitles benefitting from those				guarantees
Please explain how the guarantee	furthers the charity's aims
17.6Concesslonary loans
						Description			This	year g	Last year R
Amount ofconcessionsty loans made (tttulgpte			loans
made may be disclosed in aggregate	provided	that	such
aggmgation does not obsure signigcantinlormation).
				Total
Amount ofconcessionary loans received (tdutttpte						Description			This	year E	Last year R
loans received may be disclosedin	aggregate	provided
that such aggregabon does notobsure signtttcant
intorma tron).
				Total
					This	year			Last	year
Terms and conditions eg interest	rate, security
provided
Value of any concessionary loans	which have been
committed but not taken up at the	reporting	date
Amounts payable within 1year
Amounts payable after more than	1year
Amounts receivable within 1 year
Atnounts receivable after more than 1 year
17.7 AddNonal Information
					This	ear			Last	ear
Please provide information about	the signiTicance of
investments tothe charity's financial position or
performance eg.terms and conditions of loans			orthe
use of hedging to manage fiinancial risk.
For all investments measured at fair value, the			basis
for determining the value, including any
assumptions applied when using	avaluation
technique.
Where a charity hss provided financ(al assets as a
form of security, the carrying amount ofthe		financial
asset pledged as security and the	terms and
conditions relating to its pledge.

19.1	Analysis ofdebtors	Analysis ofdebtors		This year	Last year
Trade	debtors
Prepayments		and accrued income			3359
Other	debtors			24554	23600
				24,554	26,959
			Total

Trade debtors
Prepayments	and accrued income
Other debtors

ove)
	This	year	Last	year
Total

20.1Analysis ofcredi	tors
			Amounts	falling due	within	Amounts	falling due after
				one year		more than one year
			This year Last year f			This year		Last year
Accruals for grants payable
Bank loans and overdrafts			19	278	3859	302077		153938
Trade creditors
Payments received on account for contracts or
performance-related	grants
Accruals and deferred	income		2	760	2 760
Taxation and social security
Other creditors			3	600	3600
		Total	25,638		10,219	302,077		153,938

Short	term cash investments	(less than 3months	maturity	date)
Short	term deposits
Cash	at bank and on hand
Other
Total

This year f	Last year f
242 918	289069
242,918	289,069

	This	ear	Last	ear
25.1 Please provide details ofthe charity's exposure
to credit risk (the risk of incurring a loss due to a
debtor not paying what is owed), liquidity risk (the
risk ofnot being able to meet short term financial
demands) and market risk (the risk that the value of
an investment will fall due to changes in the market)
arising from financial instruments to which the charity
is exposed at the end ofthe reporting period and
explain how the charity manages those risks.
25.2 Please give details ofthe amount ofchange in
the fair value ofbasic financial instruments (debtors,
creditors, investments (see section 11,FRS 102
SORP)) measured atfair value through the SoFA that
is attributable to changes in credit risk

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No trustee expenses have	been incurred	(True or False)	(True or False)
	Type ofexpenses		reimbursed		This year	Last year
Travel
Subsistence
Accommodation
Other (please specify):
				TOTAL

here	have been no relat	ed party transac	tions	in the reporting	period (True or	False)		TRUE
									Amounts
Name	ofthe trustee or related party	Relationship to charity	Description ofthe transaction(s)		Amount	Balance at period end	Provision for bad at period end	debts	written off during reporting
									erlod

Name	ofthe trustee or	Relationship	Description ofthe
	related party	to charity	transaction(s)

			SORP reference
Summary ofthe purposes		of		To provide housing accommodation		and
the charity as set out	in its			financial assistance of needy persons of
governing document				the age of45 and upwards, being resident
				in StAlbans or having	family or other
				associations therewith.
Summary ofthe main activities in relation to those			Para 1.17and 1.19	The trustees have continued to provide accommodation at a substantially
purposes for the public				subsidised rent for the	benefit ofvarious
benefit, in particular,	the			beneficiaries, funding	the costs out of
activities, projects or				accommodation let on	a commercial	basis.
services identified in	the
accounts.
Statement confirming			Para 1.18	The trustees have had	regard to the
whether the trustees	have			guidance issued by the Charity
had regard to the guidance				Commission on public	benefit.
issued by the Charity
Commission on public
benefit

				SORP reference
				Para 1.38
Policy on	grant making
				Para 1.38
Policy on	social investment
including	program		related
investment
				Para 1.38
Contribution		made	by
volunteers

		SORP reference
			The trustees	consider		the performance		of
			the charity to	be	satisfactory		in this year.
Summary ofthe main achievements ofthe charity,		Para 1.20	Accommodation ai a substantially		continued subsidised		to be provided rent for the
identifying the difference the			benefit ofvarious		individuals		in need.
charity's work has made to
the circumstances of	its		An additional	property		was	purchased	in
beneficiaries and any	wider		this financial	period.
benefits to society as	a
whole.			A substantial	upgrade		ofone ofthe existing
			properties was planned			after it was vacated
			by a beneficiary		in March 2021.This work
			will take place in		the next financial period.
dditional information	(optional)
ou ma choose to include further statements			where relevant	about:
Achievements against		Para 1.41
objectives set
Performance offundraising
activities against objectives		Para 1.41
set
Investment performance		Para 1.41
against objectives
Other

Financial Review
Review ofthe charity's		Para 1.21	The charity's income	rose tof142,406
financial position at the end			(2020f129,562) with	property costs of
ofthe period			f83,337(2020f66,372) and additional
			expenditure ofE8,569		(2020f10,782).
Statement explaining the		Para 1.22	The trustees consider		that funds	should be
policy for holding reserves			maintained at a level	equivalent		to between
stating why they are held			three and six month's		expenditure.		This
			level ofreserves has	been maintained
			throughout the year.
Amount of reserves held		Para 1.22	E6,549,188(2020 E6,498,688)
Reasons for holding zero		Para 1.22
reserves
Details offund materially	in	Para 1.24
deficit
Explanation ofany		Para 1.23
uncertainties about the
charity continuing as a going
concern
Additional information (optional)
You ma choose to include	further statements		where relevant about
			The charity currently	holds 10investment
			properties, the income		from which
The charity's principal sources offunds (including		Para 1.47	subsidies 14properties for use by beneficiaries. This activity continues to
any fundraising)			produce a surplus which is used			to
			refurbish properties and contribute				to the
			purchase ofadditional		properties		for
			beneficiaries.
Investment policy and objectives including any		Para 1.46
social investment policy
adopted
A description ofthe principal		Para 1.46
risks facing the charity
Other

Description ofcharity's		Trust deed adopted on 23/7/1964	and	and
trusts:		varied b scheme on 7/1/1992.
Type of governing document	Para 1.25	Trust Deed
trust deed, ro al charter
How is the charity	Para 1.25	Charitable organisation
constituted?
(e.g unincorporated
association, CIO
Trustee selection methods	Para 1.25	In accordance with the Trust's constitution.
including details of any		The body oftrustees consists ofseven
constitutional provisions e.g.		competent people. Co-opted trustees		are
election to post or name of		persons residing or carrying on business			in
any person or body entitled		or near St Albans and are appointed		for a
to appoint one or more		term offive years. Any competent	trustee
trustees		ma be re-a ointed.
Additional information (optional)
You ma choose to include further statements		where relevant about:
Policies and procedures
adopted for the induction	Para 1.51
and training oftrustees
		The trustees delegate the day to	day
		running ofthe charity to the Clerk	of
The charity's organisational		Trustees.
structure and any wider	Para 1.51	The trustees delegate the day to	day
network with which the charity works		management ofthe property portfolio tp Collinson Hall Ltd, 9-11Victoria Street, St
		Albans, AL3 3UB.Any item ofexpenditure
		over f1000is referred to the trustees		for
		a roval.
Relationship with any	Para 1.51
related parties
Other

Chari	name			Vincent's Chari
Other name the charit			uses
Re istered chari		number		251320
Charity's	principal	address		C/o Bretherton 1"Floor, Alban	Law Row
				27-31 Verulam	Road
				StAlbans
				Hertford shire
				AL3 4DG

mes	ofthe charity trustee	s who manage the	charity	charity
	Trustee name	Office (ifany)	Dates acted ear		if not for whole	Name ofperson a int trustee		(or body) entitled to ifan
	Penelope Williams
	Joyce Lusby
	Caroline McCaffrey
	Bruce Kent
	John Austin
	David Graves
	David Smith		From 9	July 2020 to 31"
			March 2021
8
9
10
11
12
13
14
15
16
17
18
19
20

Funds held as custodian	Funds held as custodian	trustees	on behalf ofothers
Description ofthe assets
held in this capacity
Name and objects ofthe
charity on whose behalf	the
assets are held and how	this
falls within the custodian
charity's objects
Details ofarrangements	for
safe custody and
segregation ofsuch assets
from the charity's own
assets