2023-03-31-accounts - Vincent's Charity

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							Restricted
						Unrestricted	Etlcome	Endowment		Total this		Total last
						funds	funds		funds		year	year
Fixed assets						F01	F02		F03		F04	F05
Intangible	assets			(Note 15)	B01
Tangible assets				(Note 14)	B02
Heritage assets				(Note 16)	B03
Investments				(Note 17) Total fixed assets	BG4 are	6,916,820 6,916,820				6,916,820 6,916,820		6,914,574 6914,574
Current	assets
Stocks				(Note 18)	B06
Debtors				(Note 19)	B07	18315					18315	28423
Investments			(Note 17.4)		B08
Cash at bank and in		hand (Note 24)			B09	292,432					292,432	254 264
		Total current assets			B10	310,747					310,747	282 687
Creditors:	amounts	faliing due within
one year	(Note		20)		B11	25638					25638	25 638
	Net current			assetsl(liabilities)	B12	285,109					285,109	257,049
Tote/assets		less		current liabilities	B13	7,201,929				7,201,929		7 171623
Creditors:	amounts	falling due after one
year	(Note 20)				B14	284 754					284 754	292 725
Provisions	for liabilities				B15
Total net assets orliabilities					B18	6,917,175				6,917,175		68?8898
Funds ofthe Charity
Endowment	funds (Note 27)				B17
Restricted	income funds			(Note 27)	B18
Unrestricted	funds				B19	1,359,711				1,359,?11		1 321 434
Revaluation	reserve					5,557,464				5,557,464		5557464
				Total funds	B21	6,917,175				6,917,175		6878898
Signed by one or two trustees on behalf of all												Date of
the trustees						Signature			Print Name			approval
								'	~.&,- I,(		( ( (t~ W	dd/mm/yyyy

Objectiv	es and	Activ	iti	es
				SORP reference
Summary	ofthe purposes		of	Para 1.17	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 St Albans	or having	family or other
					associations	therewith.
Summary activities	of the 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

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 ofthe charity,		Para 1.20	at a substantially benefit ofvarious	subsidised individuals	rent for the in need.
identifying	the difference the		The charity is holding a relatively large
charity's	work has made to		amount of cash in anticipation of expensive
the circumstances of its			refurbishment costs in the near future.
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	Financial Review	Financial Review
Review ofthe charity's				Para 1.21	The charity's	income was f133,918(2022
financial position	at	the end			f145,955) with property costs			of686,335
ofthe period					(2022f113,968)and additional			expenditure
					of811,552	2022 F7,420 .
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,
					and an additional reserve amount of
					f75,000 should be maintained			for
					exceptional	repairs and maintenance.			This
					level of reserves has been		maintained
					throu hout the ear.
Amount of reserves		held		Para 1.22	F6,917,175	2022 F6,878,898
Reasons for holding		zero		Para 1.22
reserves
Details of fund materially			in	Para 1.24
deficit
Explanation of any				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 ofthe principal	Para 1.46
risks facing the charity
Other

Structure, Governance	and Man	agement
Description of charity'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	In accordance with the Trust's constitution.
including details of any		The body oftrustees consists of seven
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 of five 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		organisational		Trustees.
structure	and	any wider	Para 1.51
network	with	which the
charity works
Relationship		with any	Para 1.51
related	parties
Other

mes	ofthe charity trust	ofthe charity trust	ees who manage	the charity
	Trustee name		Office (if any)	Dates acted if not for whole ear	Name ofperson (or body) entitled to appoint truatee (ifan )
1	Penelope	Williams	Chair
2	Joyce Lusby
3	Caroline	McCaffrey
4	Bruce Kent
5	John Austin
6	David Graves
7	Michaela	Bygrave		03/05/22 —31/03/23
8
9
10
11
12
13
14
15
16
17
18
19
20

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