2024-12-31-accounts - Parish Of Great Waltham Almshouse Charity

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The Parish of Great Waltham Almshouse Charity (Registered Charity No. 1053188)

Report and Accounts for the Financial Year ending 31[st] December 2024

Responsibilities of the Trustees:

The Trustees are required to ensure that Accounts are prepared for each Financial Year to show the state of affairs of the Charity including a statement of the Receipts and Payments for the year. In preparing the Accounts the Trustees are required to:

Select suitable accounting policies and then apply them consistently;
Make judgements and estimates that are reasonable and prudent;
Prepare the Accounts on the basis of a going concern unless it is inappropriate to presume that the Charity will continue in operation;
Be responsible for keeping records which disclose with reasonable accuracy at any time the financial position of the Charity;
Be responsible for taking reasonable steps for the prevention and detection of fraud or other irregularities.

The Trustees of the Charity at 31[st] December 2024 were:

Mr J Lattimore (Chairman) - Glebe House, The Village, Great Waltham (Retired Company Director)

Mr A Mitchell (Hon. Secretary) - 14 Bridge Croft, Howe Street (Retired Area Planner)

Mr I P Bradley (Hon. Treasurer) - 17 Cherry Garden Road, Great Waltham (Retired Local Government Officer)

Mrs A Arnold - Hendala, South Street, Great Waltham (Retired)

Mr A Micklem - Chatham Hall, Great Waltham (Landowner)

Mrs J Pritchard - Ashcroft, Main Road, Howe Street (Landscape Gardener & Horticulturist)

The Rev. D Pierce (Parish Priest) (Ex Officio) - 2 Fairway Drive, Beaulieu, Chelmsford

The Parish of Great Waltham Almshouse Charity (Registered Charity No. 1053188)

Report of the Independent Examiner

To the Trustees of the above Charity:

I report on the Accounts of the Trust for the year ending 31[st] December 2024, which are set out on the pages numbered 3 to 6 inclusive.

Respective responsibilities of Trustees and Independent Examiner:

As set out on Page 1, the Charity’s Trustees are responsible for the preparation of the accounts. The Charity’s Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility:

to examine the accounts under section 145 of the 2011 Act;
to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
to state whether particular matters have come to my attention;

Basis of Independent Examiner’s Report:

My examination was carried out in accordance with the General Directions given by the Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as Trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the next statement.

Independent Examiner’s Statement:

In connection with my examination, no matter has come to my attention:

(a) which gives me reasonable cause to believe that in any material respect the requirements:
to keep accounting records in accordance with section 130 of the 2011 Act; or
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act

have not been met; or

(b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

J Tredwell, Signed .............................................................. ‘Bayards’, Jollyboys Lane North, Felsted, Dunmow, Essex CM6 3DU Date .................................................................

Signed ..............................................................

The Parish of Great Waltham Almshouse Charity (Registered Charity No. 1053188)

Statement of Assets and Liabilities at 31[st] December 2024

		2024	2023
		£	£
Current Assets
	Barclays Bank Community Account	15,726	9,628
		15,726	9,628
Less Current Liabilities
	Creditors	(477)	(855)
(A)	Net Current Assets	15,249	8,773
Other	Assets (ERF):
(B)	2808.700 NAA Accumulation Shares:
	Valued @ £121.10714	340,053	314,806
	(2023: 2808.700 units @ £112.0826)
	M&G Report attached
	Income is not distributed, but retained in the fund and
	reflected in the price of the shares.
	2024: Income £12,929 Investment Gain £12,318
Total Assets		355,302	323,579
Note:
The above funds (A) & (B) are held on an UNRESTRICTED basis.
Property:
(C)	1 - 6 Church Housen, Great Waltham
(D)	1 & 2 The Bungalows, Lucks Lane, Howe Street
Insurance Valuation for the properties (C) & (D):		2,361,336	2,315,035
Note:
All properties are held for the Charity’s use.

The Parish of Great Waltham Almshouse Charity (Registered Charity No. 1053188)

Receipts and Payments for the Financial Year ending 31[st] December 2024

2024
Receipts:
£
(A)
Maintenance contributions:
1, 2, 3, 4, 5 & 6 Church Housen
27,173
1 & 2 Lucks Lane
9,095
(B)
Donation:
0
36,268
Payments:
(1)
General Outgoings:
Insurance
1,921
Electricity
4,701
Water Rates
2,386
Repairs & Maintenance
1,131
Grass cutting & General Gardening
745
TV Licences
8
Professional/Accounts Fees
229
Subscriptions & Sundries
1,630
12,751
(2)
Major works:
C.H. No.2 Supply and Fit Bathroom Conversion
C.H. Painting and Decoration/W.C. Storage Unit
C.H. 50% Cost of 5mph Speed Ramps and Landscape Works
C.H. Supply & Install 2 x Letter Boxes/C.H.No.4 Cistern Handle
C.H. No.3 Supply and Fit 2 x Storage Heaters
L.L. No.2 Safety Report & 2 x Consumer Unit Changes
C.H. No.4 Investigate Leak in Kitchen Ceiling & Repair
255
C.H. & L.L. Clearing & Rep Guttering/Pipes/Rainwater Gully 350
L.L.No.2 Supply & Install EFK LED Grid
260
L.L.No.1 Safety Report/Supply & Fit Carbon Monoxide Alarm
/Smoke Alarm/Immersion Isolator Switch
792
C.H.No.5 & 6 Supply & Fit 2 x Creda TRSE 150 & 1 x Creda
TRSE 050 Storage Heaters
4,890
C.H.No.4 Supply&Fit 4x Creda150 & 1x Creda100 S.Heaters
C.H.No.3 1xCreda 150 S.Heater/C.H.4xElectric Meters
5,839
C.H.No.2 Supply & Fit 4 x Creda TRSE 150 & 1 x Creda
TRSE 050 Storage Heaters
4,655
17,041

2023
£
27,106
9,042
0
36,148
1,891
7,579
2,298
783
1,965
23
1,666
1,045
17,250
8,650
6,680
750
459
1,576
785
18,900

The Parish of Great Waltham Almshouse Charity (Registered Charity No. 1053188)

Receipts and Payments for the Financial Year ending 31[st] December 2024 continued

Total Payments (1) + (2) SURPLUS / (DEFICIT) by which Receipts exceeded Payments: Investment Movements Income added to capital Increase/(Decrease) in value of units Net Investment Gain/(Loss) Net Surplus / (Deficit) for year	2024 £ 29,792 6,476 12,929 12,318 25,247 31,723	2023 £ 36,150 (2) 12,016 6,385 18,401 18,399

The Parish of Great Waltham Almshouse Charity (Registered Charity No. 1053188)

Fund reconciliation at 31[st] December 2024

Barclays Bank Community Account: Opening balance at 1stJanuary 2024 Less closing balance at 31stDecember 2024 Increase in funds Creditors Opening balance at 1stJanuary 2024 Less closing balance at 31stDecember 2024 Increase in funds M & G Units Opening balance at 1stJanuary 2024 2808.700 units @ £112.0826 Less Closing balance at 31stDecember 2024 2808.700 units @ £121.10714 Increase in funds Net Increase in funds This Report and Accounts was approved by the Trustees at the Annual General Meeting held on .............................	£ 9,628 (15,726) 855 (477) 314,806 (340,053)	6,098 378 25,247 31,723

Signed ......................................................... Signed .......................................................... J Lattimore – Chairman I P Bradley – Hon. Treasurer