inancial Statementy for the Year ended 31 Decernber 2022
For
Abbess Adell la Charl
Chari
Commission No. 268349
Connah Goldworthy
Chartared Cortlflgd Accountants
12 Statlon Court
statlon Approach
Wickford
E$$ex
SS117AT

ABBESS ADELICIA CHARITY
CONTENTS
PAGE
Annual Report
Independent Examlner3' Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements

ABBESS ADELICIA CHARITY
Trustges. Annual Report
Registergd Charlty Number
268349
Prlnclpal Addr888
12 Monkhams Drive
Woodford Green
Essex
IG8 OLQ
Trustees
P Pelchey
Revd M Howse
M C Woods
R G Ll. Morgan
Governlng Document
Scheme of 5th February 1997
Object5ves and activltigs
In 1981, following various negotiations and proposals be￿een the Chairman of the Abbess Adelicia
Charfly and the then Lord Salisbury. the owner of the Ilford Hospital Chapel C¢)mplex, the sf(e,
including the Chapel and a £SO,000 endowment was transferred lo the newly formed Abbess
Adelicia Charity, which has admininstered the Ilford Hospital complex ever since.
The main obje¢lives of the Charity is the promsion and maintenance of Almshouses for poor
persons, for the benefrt of the residents in the Almshouses of the Charty in such manner as the
Trustees think fit, from lime to lime and the mainlensnce of the Chapel and Chaplain's house.
Statsment of policy on ro$9rv9s
The Charity seeks lo retain sufficient funds to maintain the Chapel and Chaplain's house. Givgn the
historical nature of the s((e, the Trustees. aim lo achieve 8 small surplus each year lo incre89e
resefves to use against future Capitsl renovations and repairs.
The Trusl8es declare that they have approved the trustees, report above.
Signed on behalf of the charitys Trustges..
P Pelehey
Chairman
'? ￿'L
Dated
Page 1

ABBESS ADELICIA CHARITY
Independènt Examlnerfs Rèport to thè Tru8tses of the Abbe88 Adellcla Charlty
I report on the accounts of the trust for the year ended 31st December 2022. whith are Get out on the
attached p8ge8
RESPECTIVE RESPONS181LITIES OF THE TRUSTEES AND EXAMINER
The eharitws trustees Consider that an audit is not 16quirèd foi this yèar un¢Jer section 144121 ol the
Charities Aot 2011 (the 2011 Act) and that an Ir￿ependent examinatton is needed.
11 is my responsibilly to..
Exarnine the accounts under section 145 of the 2011 Act.,
Follow Pro￿dureS la￿ down in the general directions given by the Charity Comrni55ioners
Section 14515llbl of the 2011 Act.. and
State whether particular matters have come to my attentron.
BASIS OF INDEPENDENT EXAMINER'S STATEMENT
My examinatK)n was carried out in accordance wrth the General Directions gwen by the Charity Commission.
An eXaMinat￿n includes a review of the accounting records kept by the charity and a Comparison ol the accounts
with those records. It Qlso indudes consideration of any unusual Item5 or disclosures in the accounts, and
888king explanations from the management ￿Mmittee concemiro any such matters. The procedures undertaken
do not provide all Ihe evidence that would be ￿quIred in a lull audit, and consequently I do not express an opinK)n
on the aceounts.
INDEPENDENT EXAMINER'S STATEMENT
In connection wth my examination, no matter has come to my attention..
whKh gives me ￿aSOnable cause to believe that in any material respect the requirements
to keep accountt'ng ￿CordS in accordan￿ with section 130 01 the 2011 Act,. or
to pTep8r8 ac(x)unls, which 8C(x)rd with the58 accounting r8cord8 have not b88n mèt.. or
121
to which, in my opinion, attention should be drawn in order to enable a proper understanding of
th8 account8 to be reached.
Connah Goldsworthy
12 Station Court
Station Approach
Wickfot
Essex
E ¢ PARKER FC¢A
Dated
SS117AT
Page 2

ABBESS AOELICIA CHARITY
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DÈCÈMBER 2L122
2021
Un
Total
INCOMING RESO
RCE
Donatlons
Legacy
Donatlon Frlend8 of th8 Chapel
Other Incorne
Net dlYidend8 ￿ceived
Deposil account interest (Gros51
Rental Incom•
8,887
8,887
8,829
39,529
39.529
37,991
8.887
39,529
48,416
46,820
T¢)tal In¢omlng Reaourc8S
8,887
39.529
48.416
46,820
RESOURCES EXPENOED
Dlr¢¢t Charltable actlvltles
Property repalrs
Property In$uran
Nottlro Hill Cen8s18 Charge$:_
Propety Management Charges
M8lnlenan¢e and Insurancg
Mortgap Inter8st
8,249
6.249
S,968
4.259
4.179
4,890
4.259
4.179
4.89]
4,259
6,198
2,878
8,249
13,328
19.577
Gov8rnanGo Costs
Telephone & admln exp8
Accountancy
Share R8glstrars & Brokers fees
Honorkqrum
Almshouses Subscrfptiort
870
2,334
870
2,334
870
2.131
197
197
3.401
Ttstal Resow¢es ExpeNle
9,650
13,328
22,978
22.108
Not In¢omlngl Ioutgolngl Ro$ources
for the year
25.438
Net 98inlllossl on investment 8S8ets
40,387
40,387
12,8001
justrnent Beknn Funds
Net movement In fund5
39,824
26,201
65,825
21.912
Fund balances brought forward
at 1st January 2022
159,534
237,734
397,402
375.490
Fund balancos ¢arf8d forwar(I
at 31st December 2022
199,168
2e3.935
463,227
397.402
Pag• 3

ABBÉSS ADELICIA CHARITY
BALANCE SHEET
AS AT 31 DECEMBER 2022
2021
Notes
FIXED ASSETS
Property Improvements. at ¢03t
Chapel and Alrnhouse
408,633
408,633
InvEslments. at market valu•
Stocky and Se¢uriti68
209,397
187,208
618,030
575,839
CURRENT ASSETS
Petiy Cash Balance
ar￿ Current Account
Bank Deposit Accounl
stockbrokers Cash Deposils
PrepaymeTht5
Capllal Invesiment Fund8 hekj ty Gen8$1$
3,893
3.672
1,321
3,067
12.401
3,520
2.786
11.547
20.683
21.525
CURRENT LIABILITIES
Creditors and AccruaL8
Slo¢kbrokars Setflofflent Account
1,740
870
1,740
870
NET CURRENT ASSETSI ILIABILITIESI
18,943
20,655
LONG TERM LIABILITIES
Mortgage
11n,879)
1199.2261
NET ASSETS
463,093
FINANCED BY-
Unr•strkted Fund,.
AccuMu￿1td su￿1￿5
199,158
159,534
R8Stricted Property Fund
Provision for Futuro Capital Inve$tment
283,935
237,734
483,093
397.268
ZOLF
Approved by Ihe Truste88 on ............................................
and s￿3Red on Is behawby P Pelcw...................................
Page 4

ABBESS ADELICIA CHARITY
NOTÉS TO THE ACCOUNTS
AS AT 31 DECEMBER 2022
1 ACCOUNTING POLICIES
al Bo$1$ of Accountlng
The flnan¢lal stalemenls have been prep8red under the historical cost conventlon,a8 rnodln8d by tha
revaluat￿￿ tsl inve$lrnenls, and in accordan¢¢ wlh $pplbabkn sccountlng 8tarsdards and the
stalernent of Recommended Practice.. A¢counling and Reporting by Charities prnpartng their
¢coun15 in acctsrdwnce with the Financial Reporting Stondard appI￿able In Ihe UK and Iretand
IFRS 1021 and wKh the Chathles Ac12011.
bl Invostments
Flxed asset Investments are slated at martet value in 8ccordanc8wlth the Ststtrmertt of
R•commended Practice. The Statement of Fin¥naal ActivI￿e$ hcludes those unreallsed galns and
bsses arising from the revaluathjn of tho inve51ment portfolio during the yearand ￿1￿ not
distinguish behveen the valuation adlu$lrnentS relating to sales and those relallng to conlifiued
hohjings a8 they are log8lh8r Irealed as thange5 In Ihe valu8 oltho Investment Potlfollo.
Inv8Stm8nt incom8 i8 accountsd for on a rerrivable b8818.
cl UThr88trlctsd Funds
The unrestricted funds comprf8e the accurnulated surpluses Ihat have ￿¢ been de5vJnaled for
spec￿￿ PUEposes. fhese are a¥aikFAo, 8ithe dl8cr8thJn of thg Tru$tee$, for use In furtherance of
the otl8clw8 of the ch8rty.
dl ReBtrlcied Funds
Funds to provide for p¥operty management. maintenance. repan and paymènt of mortgago
capital and Intere8t lo thè char￿Y5 propety have ￿en esta￿[$h8d by the not albxallon ol
CO8t8 5￿wr6d In Ihe rennovatlon o111￿ prèperty for rental, kss SUTpIu8 net rental in¢oTh.
2 PROPERTY- HERrrAGE ASSET
The prop8rty shown In Ihe financial statements Telate5 to the Cha￿4 and Mmhou$e$
at Ilford Hill. lthrd. Essèx. Th15 buSkJlng is regarded a8 an inalien8ble and a l*ritage asset,
and the Trustees consider Ihere to be b8 no valuation method that Is appropriwle or r8levanL
The bts1￿1ng. whkh ha$ no hlsloriG e05t, comprise5 a Chap81, tha fom)er Ch8plaln's house and Mmshou8es.
The inleTror ofthe fomier Chaplain's house and the Almshouse$ wa$ ¥ennovated in 2006 al a cost ol
£688,633, furtded by a of £408,833 lent by Springboard Houslng A$so¢rdllon Llm4ted
and a grant of £280.0(X) from Lmdon Borough of Redbridg8, which VJAS pald direct to SpriTrJboard
Housing As$o¢lallon Limited. The amount of £408,683 h88 be8n recorted as the bwk valuo.
Sprfngboard Housing A550clallon Limlted has 8ub88quont￿ Changed ns name to G•n8818
Houslng A&8OCt81ion Limrted.
It 1$ tho Ch$rttl$ practice to maintath thls 88S81 h a contlnuol $tale of sound repair and to make
knprovements Ihereto from time to lime and accordingly the Tfuslees consKler that the valu818 rbjt
pol￿d by th8 pa88age ef lim8.
3 INVESTMENTS
The Inve51menl8 cons&1 of sharehoklngs and Go¥8rnment securit￿5 qnd are sh￿n
at mafk8t V81u8.
The investments W￿re valued as l¢lh)ws'.-
2022
2021
At ce8t
£89,413
£89,143
Al market valu
£209,397
£189,3S4
4 PREPAYMENTS
2022
2021
Provision for prepald InsuNn¢e
3,067
3,182
Paae 5

AB8ESS ADEUCIA CHARITY
NOTES TO THE ACCOUNTS . CONTINUED
AS AT 31 DECEMBER 2022
2022
20
5 PROVISION FOR FUTURE CAPITAL INVESTMENT
Balane8 broughtforward at 1st January 2022
11,547
10,693
Add.. Addllional Funds set a$￿e In year
854
Balanc¢ c8rrt8d forward at 318t December 2022
12.401
11.547
A Fund is held by Gene818 to provEde for futu¥e capStal hve51rr*nt.
8 CREDITORS AND ACCRUALS
Accountancy
1,740
870
1,740
870
7 GENESIS HOUSING ASSOCIATION LOAN ACCOUNT
Balan￿ brcugm fcrward at 1st January 2022
199,226
223,164
Less.. Rent81 inccfn8 r8ceiv8d
39,529
37,931
159,698
185.173
Property Mana9gment Charge$
Malntononce
Provision for Future Capital Inveslrnent
Mortgag8 Interest
4,259
4,179
854
4.890
4,259
884
14,182
14,053
BaLgnc8 carri&J forwaril as at 31st D8C8mb8r 2022
173,879
199,226
Thi8 loan Is repaid frcffi rental Incorne (hat 1$ pald dSrecly to GènosLB as th8 managlng agents of thè
prop8rty. After a¢wunting for rental expenses 8nd mortga9e Interes( the n•t ¥8nlal income 1$ set
against the outslandlng mortgage balanc8.
8 RESTRICTED PROPERTY FUND
Improvements to H8rilage Asset- Book Vabje
688.638
888,6&1
Less.. Grant from Redbrkdge Borough Council
280.IJ)J
280,000
408.833
408,633
Le$8'. Mortgagts Balanc8- owwl to Qenesls l$ee note 7 atx)vel
173,879
199.228
Add.. Trartsf8r from Unrestrfcted Funds
Brought Forward frt)m prgvknu$ year
Transfer in th8 year
16,915
f6,915
18,915
Adrt.. Prov8KJn for FutUTe Capitsl Investment
Brought Forward Irom prev10￿ year
Prowsk)n sn the year
11.$47
854
12.401
11.547
Balance carr￿￿ f¢rward al 31st DecemLw 2022
264.070
237.869
Pag8 6