THE ACCOUNTS AND ANNUAL REPORT
FOR
WILLINGHAM COMBINED CHARITY FOR THE YEAR ENDING
31 DECEMBER 2023
Charity Registra�on Number: 1093138
Willingham Combined Charity
Willingham Combined Charity provides housing for those in need with accommoda�on in the Josiah Smith Memorial Homes and a bungalow in Haden Way. There are also two sites which provide allotments, both as a service to the village and to support our charitable aims.
Willingham Combined Charity is registered with the Charity Commission, number 1093138. It is governed by a scheme made on 9th June 2000.
The objects of the charity are:
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The provision of housing accommoda�on for persons (of whom 2 must be women) who are in need, hardship, or distress and have resided in the area of benefit (the Parish of Willingham in
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the County of Cambridgeshire) for not less than 2 years prior to their appointment
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The provision of housing accommoda�on for women over the age of 60 who are in need,
The nominated trustees are appointed by Willingham Parish Council.
Co-opted trustees are appointed by the trustees themselves.
The trustees must meet at least twice each year.
The Annual Report and Accounts are published on the Charity Commission website which also maintains a full list of Trustees.
The Charity is a member of The Almshouse Associa�on.
1
Willingham Combined Charity
Trustees
Mrs P Amos
Mr G Atherton – Chair
Mrs S Ayling – Vice-chair
Mrs L Bald
Ms L Cosford (resigned 31 March 2023)
Mr N Harris – Nominated trustee
Mr S James (resigned 17 October 2023)
Mr D Law – Nominated trustee
Mrs S Lines (appointed 18 April 2023)
Mrs S Shimmens
Mr A Thompson (resigned 17 October 2023)
Mrs J Wake
2
Willingham Combined Charity
Annual Report 2023
Willingham Combined Charity are responsible for 6 one-bedroomed bungalows and 1 two-bedroom bungalow in Willingham. These bungalows are let to residents who meet the charity’s in need criteria.
In 2023 one resident one resident moved out of one of the bungalows as she no longer met the inneed criteria due to the sale of her property. This was in line with the terms of her contract when she was offered a bungalow. A new resident moved in a�er full redecora�on of the bungalow. Regular maintenance work has been carried out on the bungalows including the resealing of all external windows and doors. All required gas and electrical checks were carried out successfully. The electric meter for communal areas at Josiah Smith Bungalows was replaced with a smart meter. In the garden of Haden Way bungalow the dying conifer hedge was trimmed back to the boundary and replaced with fencing. All residents were given a hamper of goodies at Christmas.
The charity also owns land let out as allotment plots in two loca�ons in the village. There have been a number of changes of allotment holders due to people giving up their plots. Most have now been re-let. A third plot of land is let to a farmer. A large ash tree was removed from Westmeadow Close allotments a�er concerns raised by local residents.
have been appointed. The Rector of the parish of Willingham who is an ex-officio trustee resigned from his appoint as Rector on 31 December.
The charity con�nues to work with its residents to ensure that their proper�es and surrounds are maintained to a comfortable and acceptable standard.
Graham Atherton
Chair
Willingham Combined Charity
3
Willingham Combined Charity
Financial Report Year ended 31 December 2023
| Receipts | 2023 | 2022 |
|---|---|---|
| Receipts (as below) | £35,228.50 | £36,304.95 |
| Payments (page 5) | £19,931.29 | £15,657.46 |
| Surplus /(defcit) for the year | £15,297.21 | £20,647.49 |
| Receipts | 2023 | 2022 |
| Josiah Smith Maintenance payments | £26,290.00 | £27,130.00 |
| Haden Way Maintenance payments | £5,720.00 | £6,240.00 |
| Allotment rent | £1,180.00 | £1,475.00 |
| Allotment deposit | £420.00 | £170.00 |
| Field rent | £420.00 | £420.00 |
| Wayleave payment | £109.50 | £109.50 |
| M&G investments | £846.72 | £414.72 |
| Black Rock Investments | £192.28 | £192.28 |
| Deposit a/c interest | £0.00 | £0.00 |
| Unpresented cheque | £0.00 | £93.45 |
| Compensa�on from Lloyds Bank | £50.00 | £60.00 |
| Total receipts before movement of funds | £35,228.50 | £36,304.95 |
| Transfer from CBS | £10,000.00 | £0.00 |
| Total | £45,228.50 | £36,304.95 |
4
Willingham Combined Charity
Financial Report Year ended 31 December 2023
| Payments | 2023 | 2022 |
|---|---|---|
| House maintenance – Josiah Smith | ||
| Bungalows | £7,481.56 | £6,927.15 |
| House maintenance – Hayden Way | £2,091.54 | £239.98 |
| Legionella & gas checks | £1,632.00 | £1,896.00 |
| Electricity | £214.44 | £228.74 |
| Rent refund JSB | £0.00 | £0.00 |
| Allotment deposit refund | £40.00 | £30.00 |
| Water (allotments) | £327.90 | £297.32 |
| Atlas trees | £2,160.00 | £0.00 |
| Grass cu�ng | £262.50 | £896.50 |
| Allotment maintenance | £542.50 | £0.00 |
| Skip hire | £0.00 | £0.00 |
| Field maintenance | £0.00 | £709.50 |
| Buildings Insurance | £1,871.37 | £881.55 |
| Public liability insurance | £332.64 | £332.64 |
| Land liability insurance | £553.59 | £553.59 |
| Accountancy fees | £0.00 | £480.00 |
| Almshouse Associa�on | £539.00 | £187.00 |
| Room hire | £52.50 | £40.00 |
| Gi�s | £206.30 | £125.45 |
| Clerk fees/ expenses | £1,525.00 | £1,793.50 |
| Postage & sta�onery | £83.45 | £38.54 |
| Website costs | £15.00 | £0.00 |
| Total payments before movement of funds | £19,931.29 | £15,657.46 |
| Transfers to Lloyds deposit and NS&I a/cs | £120,100.00 | £100.00 |
| Total | £140,031.29 | £15,757.46 |
5
Willingham Combined Charity
Financial Report Year ended 31 December 2023
Summary of Assets and Liabili�es
| Summary of Assets and Liabili�es | ||
|---|---|---|
| 2023 | 2022 | |
| Total cash balance | £6.21 |
£12.08 |
| Total bank balances | £283,836.82 |
£265,749.17 |
| Total balances c/fwd. at 31/12/2023 | £283,843.03 |
£265,761.25 |
| Total Unit Trust Investments | £211,718.53 |
£202,417.80 |
| Total Property and Land Assets | £1,575,000.00 | £1,380,000.00 |
| TOTAL ASSETS | £2,070,561.56 | £1,848,179.05 |
| TOTAL LIABILITIES | £1,620.00 | £1,620.00 |
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Willingham Combined Charity
Financial Report Year ended 31 December 2023
Bank and Cash Balances
| Lloyds Bank Current a/c | ||
|---|---|---|
| Balance 01/01/2023 | £120,768.04 | |
| Receipts | £45,193.50 | |
| Payments | (£139,990.42) | |
| Balance at 31/12/2023 | £25,971.12 | |
| Lloyds Bank Deposit a/c | ||
| Balance 01/01/2023 | £12,786.98 | |
| Interest received | £835.23 | |
| Transfer from current a/c | £110,100.00 | |
| Balance at 31/12/2023 | £123,722.21 | |
| Cambridge Building Society a/c | ||
| Balance 01/01/2023 | £90,255.14 | |
| Interest received | £1,563.43 | |
| Transfer to current a/c | (£10,000.00) | |
| Balance at 31/12/2023 | £81,818.57 | |
| NS&I Investment a/c | ||
| Balance 01/01/2023 | £41,939.01 | |
| Interest received | £385.91 | |
| Transfer from current a/c | £10,000.00 | |
| Balance at 31/12/2023 | £52,324.92 | |
| Cash in hand held by Clerk/Treasurer | £6.21 | |
| Total bank and cash balances at 31/12/2023 | £283,843.03 | |
| Bank and Cash Summary | ||
| Total balances b/fwd. @ 1 January 2023 | £265,761.25 | |
| Receipts (net of transfers) | £35,228.50 | |
| Interest received | £2,784.57 | |
| Payments (net of transfers) | (£19,931.29) | |
| Total balances c/fwd. at 31/12/2023 | 283,843.03 |
7
Willingham Combined Charity
Financial Report Year ended 31 December 2023
Unit Trust investments
| Unit Trust investments | |||
|---|---|---|---|
| Value at | year end Change in value | ||
| 2023 | 2022 | ||
| M&G investments | |||
| NAACIF 17280 shares WCC | £15,520.90 | £15,259.97 | +£260.93 |
| NAACIF 624 shares EORF | £69,939.54 | £65,851.28 | +£4,088.26 |
| Blackrock | |||
| CIF 3035.63 units PE | £4,503.11 | £4,429.95 | +£73.16 |
| CIF 169.116 units JSHT | £250.87 | £246.79 | +£4.08 |
| CIF 799.908 units REC | £37,017.85 | £34,917.46 | +£2,100.39 |
| CCLA | |||
| COIF 340.67 units WCC | £84,486.26 | £75,185.53 | +£9,300.73 |
| Total Unit Trust Investments | £211,718.53 | £202,417.80 |
Notes:
WCC Willingham Combined Charity EORF Extraordinary Repair Fund PE JSHT Josiah Smith Homes Trust REC Recoupment Account
8
Willingham Combined Charity
Financial Report Year ended 31 December 2023
Assets held by Willingham Combined Charity
| 2 End of terrace bungalows in Over Road, Willingham | £410,000 |
|---|---|
| 4 Terraced bungalows in Over Road, Willingham | £780,000 |
| 1 bungalow at 31 Haden Way, Willingham | £235,000 |
| Land at Over Road, Willingham at rear of bungalows bordering Rook | |
| Grove/Mereway around 8.25 acres guide value | £90,000 |
| Allotments on Over Road, Willingham around 2.75 acres |
£40,000 |
| Allotments on Church Street, Willingham around 0.75 acres | £20,000 |
| Total Property and Land Assets |
£1,575,000 |
These values are based on the assump�on that the land and bungalows are free from structural defect and legal encumbrance and available with vacant possession.
Liabili�es
| Liabili�es | |
|---|---|
| Deposits held for allotments on Over Road, Willingham | £1,410.00 |
| Deposits held for allotments on Church Street, Willingham | £210.00 |
| Total Liabili�es | £1,620.00 |
Notes to the accounts
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restricted funds in the Lloyds deposit account. This is the sum of the allotment deposits held at £30 per plot. This £30 is returned to the allotment holder when the plot is surrendered in a clean and �dy condi�on.
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Extraordinary Repair Fund which is held for the use of any extraordinary repairs required on the charity’s proper�es.
9
Independent Examiner's Report to the Trustees of The Willingham Combined Charity I report on the accounts of the charity for the year ended 31 Dember 2023. Respective responsibilities of trustees and examiner The charitvs trustees are responsible for the preparation of the accovnts. The chariW5 trustee5 consider that an audit is not required for this year under section 144121 of the Charities Act 2011 Ithe2011 Act) and that an independent examination is needed. It is my responsibility to: examine the accounts under section 145 of the 2011 Art- follow the procedures laid down in the general Directions given by the Charity Commissionunder section 14515llbl of the 2011 Act- and 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 Charity 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 disc105ures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the eviden that would be required in an audit and consequently no opinion is given as to whether the accounts present a "true and fair vievf and the report is limited to those matters set out in the statement below. Independent examiner's ststement In connertion with my examination, no matter has come to my attention= which gNes 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; and to prepare accounts which accord with the accounting records and comply with the accounting qUirements of the 2011 Act have not been met; or to which. in my opinion, attention should be drawn in order to enable a proper understandingof the accounts to be reached. SL 11 September 2024 Lisa King Burdett King Accountancy knmited 8 The Hamiltons Newmarket CB80NF 10