Flnan
atemen
the Year ended 31 December 2021
For
Abbess Adelicia Char
Charl
Commlsslon No. 268349
Connah Goldworthy
Charterad Certifiod Accountants
12 Station Court
statlon Approach
Wlckford
Essex
SS117AT

ABBESS ADELICIA CHARITY
CONTENTS
PAGE
Annual Report
Independent Examiners, Report
Statèment of Financial Adiwties
Balance Sheet
Nol8$ lo the Financial Slalements

ABBESS ADELICIA CHARITY
Trustg9$' Annual Report
Registered Charity Numbor
268349
Prlnclpal Address
12 Monkhams Drive
Woodford Green
Essex
IG8 OLQ
Trustees
P Petchey
Revd M Howse
M C Woods
R G Ll. Morgan
Govemlng Document
Scheme of 5th February 1997
Objectives and activities
In 1981. following varM?u5 negotiations and proposals between the Chairman of the Abbess Adelicia
Charity and the then Lord Salisbury, the owner of the Illord Hospital Chapel complex, the 8f(e,
including the Chapel and a £50,000 endowment was transfefred lo the newly fomied Abbess
Adelieo Charity, which has admininstered the Ilford Hospital complex ever since.
The main objectives of the Charity is the provision and maintenance of Almshouses for poor
peysons. for the benefit of the residents in the Almshouses of the Charity in such manner as the
Trustees think fil, from time lo lime and the maintenance of the Chapel and Chaplain's house.
Statsment of policy on reserves
The Charty seeks lo relain sufficient funds to maintain the Chapel and Chaplain's house. Given the
historical nature of the sile. the Trustees, aim lo achieve a small surplus each year lo increase
reserves lo use against future capitsl renovatK)n8 and repairs.
The Trustees dedare that Ihfjy have approved the trustees, report above.
Signed on behaw of the chariivs Trustees:
P Pelchey
Chairman
Dated
Page 1

ABBESS ADELICIA CHARITY
Indèpendent Examlnè￿s Report to the Trust8e8 of the Abbess Adellcla Charlty
I report on the accounts of the trust for the year ended 31st Decembe¥ 2021., which are set out on the
8tt8ched pages.
RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND EXAMINER
The eharltrfs tNstees consider that an audit is not required for this year under section 144121 of th8
Charities Act 2011 (the 2011 Act) and that an Independent examlnallon is needed.
It is my re8pongiblllty to:
Examin8 the accounts under section 145 01 the 2011 Act..
Follow procedures laid down in the general directions glven by the Charity Commissiongrs
Section 14515llbl of Ihe 2011 Act., and
Stale whether particu18r rnatters have coma to my attention.
BASIS OF INDEPENDENT EXAMINER'S STATEMENT
My èxamination was carrled out in accord8n¢8 with the General DiTgction8 giv8n by th8 Charity Commisslon.
An examlnatitsn Includes a review of the accounting records kept by Ihe charity and a comparison of the accounts
with those records. It also Ineludes consideration ol any unusual items or disclosures in the accounts, and
Seeking explanations Irorn the rn8n8gement commlttee concelnlrig any such matters. The procedures undertaken
do not provide all the evid8nce Ihat would be required In a full audit, and consequently I do not express an opinion
on the accounts.
INDEPENDENT EXAMINER'S STATEMENT
In conn8ction with my 6x8mln8tlon. no matter has come lo my attention..
which gives me reasonable Cause lo believe that in any m8t8ri81 respect the requirern&nts
to keep 8ceountlng r#cords In 8ccordance with section 130 of the 2011 Act,. or
to prep8Te accounts, which accord w￿￿ th888 aC(X)untlng records h&ve not beèn met; or
to whld), in my opinion. altenlon should be drawn in order to enable a proper understanding of
the accounts to b8 r88ched.
Connah Gold5WOrthy
12 Station Court
Ststion Approach
Wid(ford
Essex
SS11 7AT
E C PARKER FCCA
7 Tr *Jovf#MW Iiz
Dated
Pag8 2

ABBESS ADELICIA CHARITY
STATEMENT OF FINANGIAL AGTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2021
2021
Total
2020
Restricted
Note*
co
Donations
Legacy
4.000
4,000
Other Income
Net divKlend6 recenied
Oeposit ac¢ount Interest (Grossl
Rental Incorn8
8.829
8,829
9,442
37.991
37,991
36,901
46,820
46.343
Total In¢omlng R•#ourco•
8,829
37,991
46,820
50.343
RESOURCES EXPENDE
Direct CharStable aC￿VItIeS
Propety Insurance
Notting Hlll Genesis Charges'.-
Property Manageffl6nt Charges
Maintenance and Insurance
Mortgage Intsre8t
5,968
5.968
6,799
4.259
8,198
2,878
4.259
6,196
2,878
4,259
3,120
4.123
5.968
13.333
19.301
17,301
Governance Coats
Telephone & admin exp8
Accountancy
sha￿ Regi51rars & Brok8rs fee8
Almshouses Subscription
765
780
2,131
182
810
2,131
810
2,131
2.941
2,941
3,858
Total R8sourc88 Expended
8,909
13,333
21,159
N•t In¢omlng1 (Outgoing) Re50urce8
for th• y•ar
80
24,658
24J78
29,184
Net gainll1os$l on investment assets
12,8001
12,8001
121,1171
Adju5tm8nt Bfjlween Fund5
Net rnovenwnt In fund$
12,8801
24,658
21,778
4,066
Fund balances brought forward
at 1$tJanuary 2021
162,414
213,076
375,49)
371,424
Fund balanc08 carrt¥d forward
at 31st December 2021
159,534
237,734
397,268
375.490
Page 3

A88ESS ADELICIA CHARITY
BALANCE SHEET
AS AT 31 DECEMBER 2021
2021
202
Notes
FIXED ASS￿5
Property Improvements-at cost
Chapel 8nd Almhou$e
408,633
408,633
In*thtm¥Thts- at market value
Sto￿9 and Se¢uiilk88
167,206
169,354
575,839
577,987
CURRENT ASSETS
Petty Cash Balanee
Bank Current Account
Bank Oeposit Acceunl
Stockbrokers Cash Deposits
Prepayments
Captal Inveslrnent Funds hekl by G8ne5i5
55
4.796
79
4.172
3.182
10,e93
3.672
3,520
2.786
11.547
GURRENT LIABILITIES
Credrtors and AccruaL8
SlodKbrokers Sottbmenl Account
870
2,310
870
NET CURRENT ASSETSI ILIABILITIESI
20,655
20.668
LONG TERM LIABILITIES
Mortgage
1199,2261
1223.1641
NET ASSETS
397,268
375.491
FINANCED BY-
Unrestricted Fund:
Accumulated Sur￿u5
159,534
162,414
R88trlcted Property Fund
proV￿hn Future CapNal Inve8tffÉnt
237,734
213,077
397,268
375,491
Approved by the Tru51ees on ...................................
and slgned on Is beh81f ty P Pelchey........................................
Page 4

ABBESS ADELICIA CHARITY
NOTES ro THE ACCOUNTS
AS AT 31 DECEMBER 2021
I ACCOUNTING POLICIES
al Basls of Accountlng
Th8 fin8nC181 statements hove baen pr8parad under the hl$torfcal cost convenlion,as modffied by the
revaluation of inveslmenls, and in accordance wth appllcable ar￿U￿tIng 5tand8rd5 and Ihe
stalern8Tht of Rècommended Practice.. Accountlng and Rewrtlng by Charit￿8 preparing their
a¢counts in accordanc8 ￿11) the Fin8ncial Reporting Slandar(S ¥p￿Icabl￿ in th• UK and Ird8nd
IFRS 1021 and Wlh I￿ Chaiites A¢t 2011.
bl Inv95tments
Fixed a$$el inve$tmenls are slated at mart(el vakje Sn accordance with tha Statement of
Recvmmended Pr&tire. Tl* SlaleTrnl of Flnan¢i41 Ad￿llIeS ncludes Ihose unraafisad gains and
ss&s arl$ing from the revalUat￿n of the Inveslrnenl porifolio duriThJ the year and doas not
distingulsh belween the voluation *Jlu$tments relating lo Sales 8nd Iho88 relatiw trj continued
holdings as they are togelhef Irealed 85 Ghange5 in the value of th8 ￿VesIM8nt portfolb.
Investmenl income k8 account￿ foron a receivatrA8 ba818.
cl UnT85trfctpd Funds
The Unrestr￿ted funds comprise the aecumuhted surpluses that hava not be8n deson8ted for
specrfic purp058s. Th￿ aro 8vaiLgb￿, at th8 discrethJTh of the Trustees, for use In lurtheranc¢ of
Ihe 0￿e¢t￿e ol the charty.
dl R•sirt¢t•d Fund$
Funds lo provlde for property management, maintenance, rep8irs and paym8Tht of mortgage
eapil81 and intorest lo the Charitys propety have bean 8stablBhed by the nel alloc211on of
eosts In¢urred h the rennovatSon of the propety for rental, k888 surplus nel rental inwme.
2 PROPERTY- HERITAGE ASSET
The property shown in the financial 51alements Te181es to the Ch8P81 aTrJ Almhousas
at Iword Hlll, Ilford, Essex. Th￿ bulldlng Is regarded as an inalienable and a h&rltage assei,
and the Trustees consider there lo be b8 no valuation method that Is 8ppropri8tè or relevant.
The building, which ha5 no hk81oiic cost, Compr￿8$ a Ch2pel, the former Chaplaln's house and Alm$hou$e$.
The Inleriorof the forrner Chaplain's heuse and the Aimshous8s was r8nnov8ted in 2006 al a ¢x)st
£688,633. funded by a ban of £4Q8,633 fant by Springboard Houslng Assoc1811on Umiled
and a grant of£280,ONJ frorn London Borough ol Redbridge, whth wa$ pald dI￿¢t to SprftvJboord
Housiro Asseaation Limited. The amount ef £408,663 h88 been recotd8d a$ the book value.
Springboard Houslng A8soaatlon Llmlted has subsaqu8ntty chan￿d its narn8 te Getwl$
Heuslr*J As80￿8￿0n Lknited.
11 Is the Charlvs pra￿￿8 lo maintaln thls a$set In a ¢onllnual stale of sound re￿[r and to make
inprovaments thereto from tim8 to time and a¢¢ordlnuly the Trust￿ ¢onsklerthat the vokne ts nol
knpalred by Ihe passage of Ilme.
3 INVESTMENTS
Thg Inveslmenl$ conshl of $harnhoKlngs Govemment se¢ullI￿$ and #re shthvn
al market value.
Tlk Inveslmenls were valued as folbws'.-
2021
2020
At cosl
£89.413
£89,143
At maFketvalu8
£187,206
£169,354
4 PREPAYMENTS
2021
2020
Provislon forprepaK( hsuranGE
2,786
3,182
Page S

ABBESS ADELICIA CHARITY
NOTES TO THE ACCOUNTS - CONTINUED
AS AT 31 DECEMBER 2021
2021
2020
PROVISION FOR FUTURE CAPITAL INVESTMENT
Balance brought frmward 8t 1st January 2021
10.693
9.839
Add.. Addltkjnal Funds set askJ• in yeai
854
854
Balance c4rri8d f*)rw8rd al 318t t)8¢en*r 2021
11,547
10,693
A Fulld 15 h81tS by Gen85iS to provith for futur8 capital inve5tmenL
CREDITORS AND AGCRUALS
Aeo)unt8ncy
870
2.310
870
2,310
7 GENESIS HOUSING ASSOCIATION LOAN ACCOUNT
Balanc¢ brought roward at 1$1 January 2021
223,164
247,709
Less.. Rental IrKome rece
37,991
36,$01
185.173
210,808
Property m0nrf8￿nI Charges
Maintenance
Provk8ion for Fulure Capllal Invaslment
Mortgag8 Inler8s¢
4,259
4,259
3,120
854
2.878
4,123
12,356
14,053
Balan￿ carl1￿ forwatd as a1318t D￿ember 2021
199,226
223,164
This loan Is repaKJ from rental In¢om th8t Is dlredty 10 G8rtssEs as th8 rn8naglng apnts of th8
prowty. After atcoutwng for rentsl expense$ and m¢xtyage interest, thtr n*t rant81 income is set
agalnsl Ihe outslandir¥J rnortgag8 balance.
8 RESTRICTED PROPERTY FUND
Improv8rn8nts to Heritage Asset- Boc4( Value
e88,833
e88,833
Less.. Grant from Redbridge Borough Coun¢H
280,0
280,0
408,833
408,633
Lèss." Mortg8p Bolanc•- owod lo Genèsi5 Is88 note 7 above)
199.226
223,164
Add.. Transfer from Unfe51rict8d Funds
Brought Forward fri)m yevious ￿ar
Transfer In the yaar
16.915
16.915
16.915
Add.. Provsbn for Fubjre C8ptsI Investment
Breughl Forward from pwou8 year
Prow81on In the year
10,693
854
11.547
10,693
Balance carrk8d foThvard at 3181 December 2021
237,869
213,0
Page 6