Onward
Trust
Annual Report and Accounts 2020
Reglstered Charity Number:
268355

R¢¥is¢wed Clwit), IM).:68 J45
Trustees, Annual Report for the year ended 31 December 2020 AD
cknityName onw￿ Trnrt
Re￿￿tTe<ll￿￿ty mimber
208355
CIw"ty'.TpriKIwl￿thS$ 89 Kimbolton Road
B￿r0rd
MK419DL
Nomej ol¢h7rtty trwmees
D c.[￿well
Chllirrr￿*
Sdtlor
AdviJws.'
Agents Abbott& 41 Prince Otw￿e8 Ro￿. Cromer, Norfolk NR27 9HS
Romanj, Crowthme Hous< Nine Rid< Wokingh
Berkjhire RG40 3GZ
Btwkers
Santander Busin¢u B￿￿N￿, Bridl¢ R￿, B¢x*k, Nl¢rxy$ith L30 4GB
Scottish Widow5 Bank. 67 Morrilon Street, Ediftbur8h EH38YJ
I￿¢￿￿1¢￿1 ExaMI￿r S. Cknrl 46 Othld lio•d, WaJtham*ow, Loryion E17 3RW
tl
<**ument De￿ ofsettlement 20 September 1974 AD
How ihp ¢lwlty Is c1x￿11th1¢d
Charitablt Trust
Trnsi¢¢.f¢l¢ciiiJn
Truslees we okwnt&l by thE Sett](r, PG Hutton cf lry extShti8
Obi¢cts oiihr ¢I*￿ty To proTrid¢ A¢¢0mmod￿l011 for rdAr￿ clw •nd mjke don￿10￿¥
io named ch&ritie#.
A¢ii*Ae5 ojthe clwi.ty Th¢s¢ obJ'¢¢tJ are Bcly'¢ved by Benernting income from
four ten￿(leS in revetwe-8et*ratin8 proF¢rties.

Tru$tees' Annual Report 2020 AD {eont.)
ment nd P
Net wrplus wo5 added to the DigtributiOA Fund.
Public BenefiiReq¥ir¢m¢nl
Having paid due re88rd io Charity Commi￿10n 8uid&tKe on
public b¢nefit. the tr￿Slee8 have exercised thur discrtAion in
a¢¢ordance wth the tenns of their 8overnin8 doojment to make
payment$ from the Di91ribution Fund to improv¢, rep4ir, maintAin
and servicz ¢lerBy retirement a¢¢ommod&lion.
MajoT expenditure on revenue•gen¢ratin8 propertiu this ye4r
involved extensive generat mointenan¢e and improvements
al one property (13), in ord¢T to brinB the propty into 4 ￿8￿er
standard for 0￿upAtIOn.
tiOD
Fin
Re.ferv¢s Policy
DESIGNATED RESERVE FUND
13ORP 2005 P• 5Sa) In {￿der to ￿￿￿ntee benefi¢iw wirity of ienure in the event of
unexpected or uMvoid4ble revenu¢ reduclion, the tnJ8tee8 have
aBreeAJ a policy to hold regerves AffL¢iertt to cover the co*$ of
rdirement &¢conunodation anti¢ip&ted to be in¢urred over &
p￿tfied mmiber of future yews Accordingly the trumtts have
approv￿ a r¢s¢rve of £80.(KXI. This poh¢y is reviewed aThm￿lIY
in ihe bBht of figures for likely future incom¢. voids.
default4 and expenditure.
DESIGNATED PROPERTY REPAIR FUND
£30,1KKI is re￿ryeA1 to covtt emeigen¢y proputy Tepairs.
ion
The tru*es declare th8t they have approved this tru8¢ees' reiK)rt.
Sigmdon behalJoJihe ¢'lwity'&
FullthThe Daphne O Cranwell
PositiL* Chairman
Lkie

l•dtpt*de•i Tr-i*ml•tr'i Report ,I¢¢ts4nl• 21120 AI
-l•drnt•d¢•i I,i•ml•rf'i Rtp•n
Tn*. Rry#eml ¢h•nty ThThb•r 2613 J J
1441idth• >Jll
••• *• •lw 144 rfthp X*ii
tht Ckn) 14IIIXbi of￿ 2011
cly1￿11*￿¢Vd￿rI A imshkl
JLM 13UdthE2UII Art4NI
thE2VII Acl
Ul LPW •WJ be
S CLARK
46 Oafjdd R(
E17 5RW

R¢ui¥ief¢J Charil%' 468315
Annual Accounts for the year ended 31 Deeember 2020 AD
r FinAncial Ac
INCOMING RF.SOURCES (Note 3)
021) AJJ
Investment income
Rcnl
Dividends & InterL'St
I￿al IncoMIMg resomrc
52,928
821
53.384
252
RF.SOIJRCF.S F.XPF.NDF.D (Notes 4 - 8)
c.osts of Eeneratin2 fund5
InvestmLnl managiem¢nt costs
18.176
16.353
Charitable 4ctivi¢i¢s
19.036
25.219
Governance costj
Inde￿ndent Examiner's fee
50
Trtol resources upended
37,462
41,822
Nei IncomlnR resources
t)islribution fund
18.287
14,814
OI'HER RECOGNISED GAINS
Revaluation of Inv¢slments
Revaluation of Property
Totyl funds brought forward
Tol4lfuftds carrledfonvard
1,431
60,000
2 078 623
2,1$8J41
8,186
50,000
2 005 6?3
2,078.623

k¢W￿¢d ChAni! no •6835
Annu*l A¢¢ounts 2020 AD (eont.)
io
B*lan
31st Deeem
r 2020 AD
All
TANGIBLE FIXED ASSETS
Tangibl¢ Assets (Note 91
Investments
(Note 101
,202,451
815 075
2,017.526
1.872,723
1.956.367
CURREKf ASSETS
Debtors and Pr¢poym¢nls (Note 11) 4.650
Bank c￿￿¢￿1 Account
104,523
Bank Dcwsil Accounts
30.000
3.525
89,3?]
30.1XKJ
Lease tkw51t
Toiqlcurrent assets 141,873
125 $46
CRF.DITnRS.' amounts falling due
within one ycar INolL I ?}
c4rreni tL¥sels
{1.0581
(3.290)
122 256
2,078,623
assas
2,1I8J41
FUNDS OF THE CHARITY
Ilnre.Ilricted: Income Trynds
tiLneral.
l)i.strit)ution bund
D¢51&inatcd. pro[￿rtY R¢wr Fund
Ik8i&Jnatcd. Reserve Fund
98.727
30.000
80.000
80.441
30,0(M)
80,000
Restricted: Perm•nent Endowment Funds INote 131
-I'hL.'I ru%( Fund
Investment Revaluation R¢serv¢
226,117
Property Rcvalualion R¢serve
717,825
I OU5 679
Tothlfunds
2.IS8J41
226,117
23,644
638491
2,078.623
Approvcd by the tru51
..D O Cranwell
. J SM￿leY
Date..QJ...b. -

Xe¥i%iei￿l ('harii% na 908.11fj
Note l B•siJ of Pre￿r¥I10th
These linanci&l stiiemenis hav¢ been prepard in accordonte wilh ihe 8ccounliny pc*lsoieJ y¢1 out below
Ind c4)mply wiih th¢ chariiy'y 8overnin¥ document, Ihe Chariiieo Aci 2UI I, A¢couniiDAI s￿1
Rwrtin¥ by Chantiey SIAienieni ol'KecnniNiendcd Prafflice applicable iochariiie$ preparin8 tJ*ir
4cwuni> in DC¢OTth¢¢ wilh Ibe FiMn¢ial Rcpiiriiii¥ Slali￿rd lor Srtoller Lntlll¢5 publisbcd on
16. July 2014
1. 2 ChAlllt in bill¥ of•¢tOUniin8
There boen no ¢hin8e to Ihe aecounlin8 policies [V￿Ul110n rules and methods of ￿COUntin8) since
list year
1. 3 ChaTh8ts w prtvlow
No ¢honyes have been mad¢ io 4ca>unig for prewous y¢ori.
Note 2 A¢¢ountin8 policies
IF4C.OMING RTr.'SOIIRCES
Re¢oRnilioh of intomln8 These we in¢ludd itt the Statement ofrjnanoinl Adiviiies (SOFA) wh¢n
Jour¢u
* the Charity become$ ¢niitl¢d lu the re￿urce$.
* Ihc Irusteeb Ire VirtU￿lY ¢¢nwn Ihai Ih¢y will receive the re￿urCes. artd
* the monetary value Can be measured wilh wffieieni reliabsliiy
EXPEND11'IIRE AND LIAiIII,ITIES
I,iabililie6 Ire r￿O￿lled is won as Ihere is o leual or wn*ruct*ve
obli8O1iott ¢ommiltin¥ th¢ ¢hority 10 pay out r¢wuTtt3
Govern*n¢t ¢NtI
In¢ludc ¢osig of th¢ pr¢p4rntion Hnd examinition of st&hJtory accoun¢5,
¢hc co￿8 of iruste¢ methinys and cosl of xny l¢yal advice to tLU$l¢<S on
Bovernanc¢ orcon*iiution41 maiieT5.
ASSVTS
'IAn8ible fjxed 14st¢i for
uit by ihe ¢h*Aty
The c￿rity is ¢hc b¢nefi¢ial own¢r ofTtsidentiAI properti¢&
¢xp¢ndilure 0550cialed wih the purchase and major renovaiion of which
becn capilali5ed (hher a55els are capitalised if they can be u8ed for
more than one Y￿r, and cogt ai lust £500. They are valued at co8( and
deprcciated as follows
FurniiuTr, Fixture$ & Fittin83 I￿/0 of the writl¢n down value.
Note 3 AnAlyJiJ of ineoming reJollrceJ
()2n AD
j.abl year
come from Teits
Gr05s rent
LLSS Void5
Default
53.978
(1.050)
53.384
52,921
53.J84

nw
Resisier¢d Chrity no 26835
othe
ecounts
co
20
ote 4 Analyyls of resources expended
020
Investmetht m#nAgemenl ¢OIt¥
Mana8em¢rtt fees
Property Insurance
Repiirs and R¢newa]$
Depreciiiion
Council Tax
10,251
815
6.770
272
68
18.176
9.22fy
772
6,027
303
25
Ib,353
Ch*rli*blt attivititt- Provision of &c¢ommodation for Tetired cleryy
l.ease I 1*1 mgnih
16.200
Property [￿l￿tell&ll¢e and in5uranc¢
2.193
Rale& iaxes and 5eTvi¢es
10.200
7.978
22.868
28.778
Serlryce eontribuiion
Trtal
19,037
25,919
Note 5 not ipplicable
Note 6 Det#ily of certain items of expenditurt
6. 1 Truiitt expensei- nil
6. 2 Fee for txAminAtion of tht Account•
50
250
$0
250
Noies 7 4nd 8 not applicable
Note 9 Tangibl¢ fixed *sJets
Frethold
Inve51ment
Property
Furnlture
& Fitlin8S
Total
9. 1 Co*tl VAlu#ilon
At01101120
Additions rt'ransferg
RevAluaitons
At31112120
Row
1.870.000
1692.7501
25,387
1.89S,387
1692,750)
DIA+B+CI
87
9. 2 Ar¢umylAted dtptYciAtlon
At01101120
Charge foT the y¢ar
Ai.3111420
22.664
272
22.664
272
G (E+F}
9. 3 Net book v•lue
AI01101120
AI 3111Y20
H IA.E) 1.870,0(K)
l {D.Gl 1.2(K),(
2.723
2.451
1,872.723
1202,4fj1
9. 4 Revaluation All Frechold investment properties were revalued at 31 Dettmber 2020 AD.
9. S Fund awaiting investment. The independeni valuatiotj fiyure for one a5sei. not re8iSteTtd in the
me$ of the irustees, L5 identified a8 a thnd awaiiin¥ iThveitm¢n¢ (See Note 10. I)

R￿￿1¢re0 Clwly 110. 2ts8J55
Note 10 Inve41ment 4Jsets
io. t b'lied lllvutmtnli refers 10 fiinds DWAltsny inve5trneDI and uni18 held in ipproved cknity
investment M￿•￿eMen1 companies. and Jhowm in th¢ b￿AnCe ¥hett &1 cwreni v8lue.
20
l)A
Amounlj fallin8 due wiihin one year
Note I l Debtorj 8Dd prepmymtnts
Debton
Reni
3,3C
2,17
Prep%ymeNt5 Ind a¢¢rned Income
Reni 89KR one montll
4.650
.1,525
Note 12 Creditors ¥nd Ac¢ruxli
12. 1 An#lyslg oleredltot
Repairs
Reni
Leilin￿ Ayeni's FeeJ
Independeni Examiner's fee
Amouni$ fallin8 du¢ ￿thin one year
560
248
250
1,058
25
3,290
Note 13 F,ndowment funds
13. 1 Funds hdd
I'HE I'RIISI. FLJNI) (penna￿nI endown¢ot). was ¢$tabli$hed by a Trust Deed daid 20 SeptembcT
1974 AD lo huld Ihe assets of Ihe charily It has bern 4uum¢ni¢d with the proceeds of two surrendered
life a55UTancc policies 51nce Ihai dale The whole or 5uGh part lif any) of the TTU81 income as ihe Irusie¢s
iti th¢ir absolule di￿retIOn sh811 determine shall be applied lo 4y¥m¢ni th¢ p¢n$ion$ ofor 10 provid¢
a¢ry)mmodalion for si¢k infirm and pool clciyy #t0 lor for th¢ b¢n¢fii of all or any of 8¢v¢n $t)ied
Ch￿tles.
PROPER TY REVALUATION R￿￿r.￿v￿. IPermanent endowment) The ITU#¢¢S revalue the Trust
propertie5 as appropriate, and ¢han¥L5 in Ih¢ir V￿UeS are iaken 10 this Te8erve futKi.
Note 14 Tr4n5#CtionJ with related Parties
14. 1 Remuner*tion And benefits
A Deed of Apwinlment dated 24 April 2001 AI), 8ovemin8
transaaion5 on behalf ofihc Iru5tee5 by the Manayin8 A¥eni
who waj thc oriminal setilor of the TTUJI. 8uihorisey the
payineni of ¢¢rtain fees and ￿mmI8510nS
The tru$i¢es received no forn) of remuneraliort.
2020 AD
3.897
2.990
14. 2 imn•
14. 3 Other tr*nJactLOllS Wlth related pArtie*
Retireiiieni accommodaiion, leased for th¢ charity's objects
rTOm D N¢villc & F Hulton-michcl, is the subject of
In amreement approved by ihe Ch&rity Commission dated
31 October 2(XX) AD.
Non¢
None
16.2¢J)
16,200