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2022-03-31-accounts

Z0
si
c Restricted
Recommended
categories
activity		 by rrl
O5
Q		 Unrestricted
funds		 income
funds		 Endowment
funds		 Total funds Prior year
funds
f. E
Incoming resources (Note 3) F01 F02 F03 F04 F05
Income and endowments from:
Donaticns
and
legad as
Charitable activities
Other trading activities
Investments 145 955 145955 142406
Separate material
item ofincome
Total 145 955 145955 142406
Resources expended (Note 6)
Expenditure
on:
Raising funds
Charitable
activities		 113,968 113,968 83,337
Separate material
item ofexpense		 S10 7,420 7,420 8,569
S11
Total S12 121388 121388 91 906
Net incomel(expenditure) before investment
gains!(losses) S13 24 567 24 567 50500
Net gains/(losses)
on investmerts		 S14
Net incomel(expenditure) S15 24 567 24 567 50500
Extraordinary
items		 S16
Transfers between funds $17
Other recognised
gains/(losses):
Gains and losses on revaluation of fixed assets for the charity's own use 618
Other gains/(losses) S19 305143
Net movement
in funds		 24 567 24567 355643
Reconciliation offunds:
Total funds brought forwa d 6854331 6 854 331 6498688
Total funds camed forward 6878898 6878898 6854331
SV Restricted
(0
O		 Unrestricted income Endowment Total this Total last
Q funds funds funds year year
Fixed assets F01 F02 F03 F04 F05
Intangible assets (Note 15) 801
Tangible assets (Note 14) 802
Heritage assets (Note 16) 803
Investments (Note 17) 804 6,914,574 6,914,5?4 6914574
Total fixed assets 805 6,914,574 6,914,574 6914574
Current assets
Stocks (Note 18)
Debtors (Note 19) 28423 28423 24 554
Investments (Note 17.4)
Cash at bank and in hand (Note 24) 254,264 254,264 242 918
Total current assets 810 282,687 282,687 267472
Creditors: amounts falling due within
one year (Note 20) 811 25638 25638 25638
Net current assetsl(liabilities) 812 257,049 257,049 241 834
Total assets less cunent liabilities 816 7,171,623 7,171,623 7 156408
Creditors: amounts falling due after one
year (Note 20) 814 292 725 292 725 302 077
Provisions for liabilities 815
Total net assets orliabilities 816 6,878,898 6,878,89S 6854331
Funds ofthe Charity
Endowment funds (Note 27) 817
Restricted income funds (Note 27) 818
Unrestricted funds 810 1 321 434 1,321,434 1 29686?
Revaluation reserve 820 5,557,464 5,557,464 5557464
Total funds 821 6,87S,S98 6,878,898 6854331
Signed
by one or two trustees
on behalf of all		 Date of
the trustees Signature Print Name approval
dd/mm/yyyy
Note 3 A n alysi s of in c om e
Restricted
Unrestricted irxxaue Endowroent
funds funds funds Total funds Prior year
Ana sis E
Donations Donations and ilts
and legacies:
General grants provided by government/other
charities
Membership subscriptions and sponsorships
which are in substance donations
Donated s, facilities and services
Other
Total
Charitable
activities:
Other
Total
Other trading
activities:
Other
Total
Income from interest income 15 15
investments: Dividend income
Rental and ieasi income 145940 145940 142222
Other
Total 145,955 145955 142406
Separate
material item
ofincome:
Total
Other. Conversion ofendowment funds tito income
Gain on disposal ofa tangible fixed asset held for
charity's own use
Gain on disposal afa programme re(ated
investment
Royalties from the exploitation ofintellectual
property rights
Other
Total
TOTAL INCOME 145955 145955 142406
Other information:
All income in the prior year was unrestricted except for: (please
provide description
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.
Within the income items above the following items are material:
(please disclose the nature, amount and any prior year amounts)
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(iv)
Explain any contractual
obligations		 (iv)
Explain any contractual
obligations		 for for the purchase, the purchase,
construction
ordevelopment
of		 investment property orfor repairs,
maintenance
orenhancements
17.4 Please provide a breakdown
ofcurrent asset investments,		 ifappgcab(e, agreeing with the balance sheet.
Analysis ofcurrent asset investments This year Last year
Cash orcash equivalents
Usted investments
Investment
properties
Social investments
Other investments
Total
17.5Guarantees
This year Last ear
Please provide details and amount ofany guarantee made tooron
behalf ofathird pady
Name ofthe entity orentities benefitting from those guarantees
Please explain how the guarantee fur(hers the charity's aims
17.6Concess(chary
loans
Descnption This year E Last yaer E
Amount ofconcesslonary
loans made (hru/gpre
loans
made may be dlsciosedin
aggregate		 provided thai such
aggrega don does nur obsure signiiicani
iniormaiion).
Total
Amount ofconcessionary
loans received		 (sou/rip/a Descript/on This year E Last year E
loans nrceived may be disclosedin aggregahr provided
that such aggregaaon
does noi obsure sign/scant
inrannaiionl.
Total
This year Last year
Terms and conditions
eg interest		 rate, security
provided
Value ofany concessionary
loans		 which have been
committed
but not taken up at the		 reporting date
Amounts
payable within
1 year
Amounts
payable after mors than		 1year
Amounts
receivable within
1year
Amounts
mceivable after more than 1 year
17.7AddNonal
Information
This ear Last ear
Please provide information
about the significance of
investments
to the charity's financial position		 or
performance
eg. terms and conditions of loans		 orthe
use of hedging to manage financial risk.
For all investments
measured
at fair value,		 the basis
for determining
the value, inc(uding		 any
assumptions
applied when using avaluation
technique.
Where a charity has provided
financial assets		 as a
form of security, the canylng
amount ofthe financial
asset pledged as security and the terms and
conditions
relating to its pledge.
Note 17 Investment Investment assets
Please complete this note ifthe chaniiy has any investment assets.
17.1 Fbted assets Investments (please provide for each chss ofInvestment)
Cash 8cash Listed inveshnsnt Sosis i
equivalents investments pfoporass invastments Other Tots I
Carrying
(lair) value at beginning
of		 period 6,960 6,907,614 6,914,574
Add: addt/ons to investments
during
period'
Less: dispasals at carrying value
Less: impairments
Add: Reversal ofimpairments
Add/(deduct): transfer
in/(out)
in the
period
Add/(deduct): net gain/(loss)
on
revaluation
Carrying
(lair) value at end ofyear		 6,960 6,907,614 6,914,574
'Please specify additions
resulting		 from acquisitions
through
business combinations,		 ifany.
19.1 Analysis ofdebtors Analysis ofdebtors
Trade debtors
Prepayments and accrued income
Other debtors
Total
This year Last year
28423 24 554
28,423 24,554
19.2
Analysi		 s ofdebtors recoverable
in more than 1yea		 r (included
in debtors above)
This year Last year
Trade debtors
Prepayments and accrued income
Other debtors
Total

20.1Analysis ofcre ditors
Amounts falling due within Amounts falling due after
one year more than one year
This year
Last year
f.		 This year Last year
f
Accruals for grants payable
Bank loans and overdrafts 19 278 19278 292725 302 077
Trade creditors
Payments
received		 on account for contracts or
performance-related grants
Accruals and deferred income 2?60 2 760
Taxation and social security
Other creditors 3 600 3600
Total 25,638 25,638 292,?25 302,077

This ear Last ear
Please explain the reasons why income is deferred.
Movement in deferred income account This year Last year
Balance at the start ofthe reporting period
Amounts
added
in current period
Amounts
released to income from		 previous periods
Balance at the end ofthe reporting period
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SORP reference
Summary ofthe plirposes 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
activities		 ofthe main
in relation to those		 Para 1.17and
1.19		 The trustees
substantially		 have continued
to provide
subsidised
accommodation		 for
purposes for the public its beneficiaries
who pay a modest weekly
benefit,
in particular,		 the maintenance contribution.
This is funded		 by
activities, projects or other properties
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

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

Achieve ments
and Per		 formance
SORP reference
The trustees consider the performance of
the charity to be satisfactory in this year.
Accommodation continued to be provided
Summary
ofthe main
achievements
of the charity,		 Para 1.20 at a substantially
subsidised
cost for its
beneficiaries
who pay a modest weekly
identifying the difference the maintenance contribution.
charity's work has made to
the circumstances
of its
beneficiaries
and any wider
benefits to society as a
whole.

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 tof145,955
financial
position at the end		 (2021 8142,406) with property costs of
ofthe period f113,968(2021f83,337)and additional
expenditure ofE7,420 (2021 E8,569).
Statement
explaining
the		 Para 1.22 The trustees now consider that general
policy for holding
reserves		 funds should be maintained
at a level
stating
why they are held		 equivalent
to twelve month's
expenditure.
Amount
ofreserves
held		 Para 1.22 E6,878,898 (2021 E6,854,331)
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
The charity's
principal
sources offunds
(including		 Para 1.47
any fundraising)
Investment
policy and
objectives including
any		 Para 1.46
social investment
policy
adopted
A description
of the principal		 Para 1.46
risks facing the charity
Other

Description ofcharity's Trust deed adopted
on 23/7/1964 and
trusts: varied b
scheme on 7/1/1992.
Type of governing
document		 Para 1.25 Trust Deed
How is the charity Para 1.25 Charitable
organisation
constituted?
Trustee selection methods Para 1.25 ln 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.

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
structure
and		 organisational
any wider		 Para 1.51 Trustees.
network
with		 which the
charity works
Relationship with any Para 1.51
related parties
Other

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

ames ofthe charity trust ofthe charity trust ees
who manage		 the charity
Trustee name Office (ifany) Dates acted ifnot for whole
ear		 Name
to a		 of person (orbody) entitled
oint trustee
if an
1 Penelope Williams Chair
2 Joyce Lusby
3 Caroline McCaffrey
4 Bruce Kent
5 John Austin
6 David Graves
7 David Smith 01/04/21 —20/07/21
8
9
10
11
12
13
14
15
16
17
18
19
20

Funds held as cust
Description ofthe assets
held
in this capacity		 odi
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

Names and addresses
of		 advisers
(Option
Type of Name Address
adviser