PENN & TYLERS GREEN RESIDENTS SOCIErY {• comp•ny limiied by gu•rante&l R•port and Un•udit•d Fml1•1 St•t•m•nts for the Year endèd 31 December 2024 Compjny Regisiration No. 4701734 Registered Charity No: 1098879
PENN & TYLERS GREEN RESIDENTS SOCIETY FINANCIAL STATEMENTS For the year ended 31 December 2024 CONTEiirs PAGE Company Information Trustees. Report 24 Independènt Examinerf¥ Report Statement of Financial Activities Ilncluding Income and expenditure account) Balance Sheet Notes to the Financlal Statements 12
PENN & TYLERS GREEN RESIDENTS SOCIETY COMPANY INFORMATION As at 31 December 2024 COMPANY No.. 4701734 REGISTERED CHARITY No: 1098879 DIRECTORS AND TRUSTEES The directors of the charitable company Ithe charity) are its trustees for the purpose of charity law. The trustees and officers serving during ihe year and since the year end were a5 follows.. PRESIDENT The Right Honourable The Earl Howe CHAIRMAN Madalyn Roker TRUSTEES Susan Breeze Oliver Godwin Miles Green David Harris Sharon Herron Nicola Hooper Michael Morley Julie Newman Cathy O'Leary Russell Read Madalyn Roker Robert Taylor Jane Tichbon Nicole Webster lappointed 18 May 20241 lappointed 18 November 20241 (appointed 10 October 20241 (appointed 16 September 20241 (resigned 2 October 2024 Iresigned 30 September 20241 (resigned 18 May 20241 SECRETARY Jane Tichbon REGISTERED OFFICE Penn Barn by the Pond Elm Road Penn High Wycombe Bu¢kinghamshire HP10 8LB BANKERS Lloyds ACCOUNTANTS 4R Accountancy & Business Solutions 53 Carol Grove Arborfield Green Reading Berkshire RG2 9UH
PENN & TYLERS GREEN RESIDENTS SOCIErY TRUSTEES. REPORT For the Year ended 31 December 2024 The irustees, who are also the directors of the charitable company for the purposes of companv law, present their report and the financial statements for the year ended 31 December 2024. Structure. Governan¢e and Management The organisation is a charitable company limited by guarantee. incorporated on 181h March 2003 and registered as a charity. The company was established under a Memorandum of Association, which established the objects and powers of the charitable company and is governed under ils Articles of Association. RecruitrnenL appointment and tTaining of trusteas The directors of the company are also charity trustees for the purposes of charity law and under the company's Articles are known as members of the Board of Trustees. The trustees bring a wide range of skills to the charity and, when considering inviting additional trustees to join the board. the trustees will consider those with a similar vision who can bring specialist skills and experience needed for future development. Potential Trustees are normally recommended by one or more of the existing Trustees andlor chairman. They are provisionally considered by the Board before being 'inteNiewed' by two or more of the Trustees who will psent a report to the subsequent meeting before the candidate is formally invited to join the Board. As part of the recruitment process every Trustee will be grven a copy of the Charity Commission's guidance 'The Essential Trustee. and sign a declaration affimiing thai they will act in accordance wilh the guidelines and are not disqualified from acting as a Trustee by reason of unspent conviction for fraud- bankruptcy or removal as a charity director. Under the Articles of Association. the serving directors May appoint additional directors at any time. Existing trustees are already familiar with the practical work of the ¢harity and new trustees are encouraged to meet the existing trustees and key employees to familiarise themselves with the charity and the context in which li operates. New trustees will also be provided with relev8nt information relating to the charity. Principal activities The principal activities of the charity are as described in the Charitable objects set out in Clause 3 of Ihe Company's Memorandum ofAssociation :. 3. The Charity's objects l-the Objerts"l are to promote any chariiable purpose for the benefit of the inhabitants of the villages of Penn and Tylers Green and in particular but without prejudice to the generality of the foregoing: to advance education: to provide facilities in the interest of social welfare for recreation and other leisure- time occupation with the object of improving the conditions of life foi the said inhabiiants.- to promote high standards of planning and architecture in or affecting the area of benefit:
PENN & TYLERS GREEN RESIDENTS SOCIETY TRUSTEES, REPORT For the year ended 31 December 2024 Icontinuedl to educate and stimulate discussion on matters relating to the history, architecture, natural Iiistory and geogTaphy of the area of benefit.. to secure the preseTvation, protection, developrnent and improvement of historic, architectural or public interest in or affecling the area of benefil, to secure protection. conservation and enhancement of the wildlife and countryside in or affecting the area of benefit. Agent for Woodland Trust In addition. the Society acts as agent for the Woodland Trusl, receiving donations OD its behalf which are later contributed to projects under the Landfill Tax Credit Scheme. In 2024 £20.370 was received and added to the opening funds of £153.502. Funds held on behalf of the Woodland Trust are ring-fenced in Creditors in the Society's accounls. £10,750 was contributed to FCC Recycling Ltd for ihe 'Halesowen - Making Uffmoor Wood Accessible To All. project and £3,500 was contributed to Enovert Management Ltd for th6 'Barber Wood - Improving ecological integrity to support wildlife recovery in the Cotswolds, project. leaving a balance of £159.622 owing at the year end. The Society benefits from any interest received on monies deposited with it. Purposes and aims The Charity's overall aim is to betterthe quality of life for all the residents of the two Chiltern villages of Penn and Tylers Green, including conserving the immediate green belt environment and area of outstanding natural beauty. which attracts many visitors from other parts of the country, parti¢ularlv London. The charity owns and directs the work of a pre-school for local children; it has purchased and manages over 250 acres of woodland adjoining the villages, Common Wood, so as to be a benefit to the community for generations to come,. and has effected a legal transfer of part of this woodland to The Woodland Trust and immediately leased it ba¢k on a 299 year lease for a peppercorn rent and without altering the charity's responsibility for directly managing the wood; it continues to manage the smaller Millar Wood which it was bequeathed in 2007; it initiates action and activities io promote concern for and protection of a considerable local heritage, particularly the designated village Conservation Area: it underwrites the production of a local magazine, "Village Voice~ which serves inter alia as a fund raising vehicle for th8 charity and which is delivered to every home in the area of benefit,- it runs its own website www. ennandt lers reen. and associated Facebook and Instagram pages, it promotes and supports with funds local eommunity projects initiated by other local voluntary bodies and organisations. wheie these accord with the above charitable objects. It also owns a local open green space. The Greens at Coppice Farm Road. which under provisions of the Commons Act 2006 relating to owners, registralion, it has formally registered as 'village green- This will en8ble local people to Continue to use the land for their leisure and recreational pursuits as Ihey have don8 for over 50 years. Policy on Resetve5- Statement of the level of reseNes and why they are held There was an overall surplus for the year ended 31 December 2024 of £37,01712023.. £5.244 surplus). The balance on unrestricted funds at 31 December 2024 was £119,79312023.. £88,958). which is in liquid assets and available as free reserves. The trustees regularly review their resetves policy based upon current levels of income and expenditure. The policy reflects risks to income flows resulting from damage io reputation and the effects of a very severe recession reducing advertising and donations. The Penn & Tylers Green Residents Society does not intend io be a reserves-rich charity and in any event. the Society's current activities do not require this. The Directors current policy is to build reserves of unrestricted funds for potential large capital projects as well as to provide £30,000-£55,000 to cover up to three year's expenditUTe. ex¢luding restricted funds. This would allow sufficient unrestricted funds lo fund the Society's working capital requirements and to enable a reduction in expense5 if necessary in case of a significant loss of income.
PENN & TYLERS GREEN RESIDENTS SOCIErY TRUSTEES. REPORT For the year ended 31 Decgmbw 2024 Icontinuedl Examples of potential p11 projects are the provision ol altemative facilities for the Presch¢Jol should the existing arrangements cease. and the provision of an archive Cent in part of the Village Hall. Invostment Policy and Perfomian¢è The Penn & Tylers Green Residents SocidVs basic investment objective is to maintain the real value of its investment and to maximise income. It places exc funds in variable term deposits with the major high street banks. Management ol Risk The Directors of the Society have identified and discussed the top risks that may confront the charity and how they should be managed and minimised. These risks include damage to reputation and possible liabilities arising from the Socie$ activilies. The Directors have examined these matters and they are satisfied that the charity's current internal financial and other controls adequately minimise the risks identified. Diroctors The directors Itrusteesl who served during the year are shown on page l. The charity has an honorary president who is invited by the Board of Trustees to serve for a period of 5 years: the Chairman. vice-chaiman. Secretary and Treasurer of the charity are elected annually by the Board at the first Board meeting following the Annu81 General Meeting. as provided in Rules made in accordance with the provision of the charitrfs Articles of Association. Onfrthird of the Dirertors retire by rotstion at the Annual General Meeting and may be re-appointed by resolution. Directors Responsibilitr8s Company and charity law requires the direclors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of ihe surplus or deficit of the company for the period. In preparing those financial statements the directors are required to.. select suitsble accounting policies and apply them consistently make judgements and estimates that are reasonable and prudent prep8re the financial statements on the going concern basis unless it is inappropriate to presume thai the charity will continue in business. The directors are responsible for keeping proper accounting records which disclose with reasonable 8ccuracy at any time the fin8nei81 position of the charity and to enable them to ensure that the financial statemenis comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable ep9 for the prevention and detection of fraud and other irregularities. This report is prepared in accordance with the special provisions of Part 15 of the Companies Act 2006. ned on f ofthe board and dated . 25 I3115 M. Rokor Chairman D. Harris Direrfor
PENN & TYLERS GREEN RESIDENTS SOCIErY Independent Examiner's report to the trustees of Penn and Tylers Green Residents Society Charitable Company I'the Company'l I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024. Responsibilities and basis of report A5 the charily's trustees of the Companv land also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061.the 2006 A.1. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of your charity's accounts as carrted out under section 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 1451511bl of the 2011 Act. Independent examinerfs ststeme I have completed my examination. I confirm thal no matters have come to my attention in connection with the examination giving me cause to believe: accounting records were not kept in respe of the Company as required by section 386 of the 2006 Act: or the account5 do not accord with those records,. or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that ihe accounts give a 'true and fair Vie which is not a matter considered as part of an independent examination- or 4. the accounts have not been Prepared in accordance with the methods and principles of the Statement of Recommended Practice ISORPI for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed , KEITH ROBERTS ACA Chartered Accountant IICAEW 75198011 KAR Accountancy & Business Solutrons 53 Carol Grove Arborfield Gree Reading, Berkshire RG2 9UH Daied rtQcrt 202S
PENN & TYLERS GREEN RESIDENTS SOCIErY STATEMENT OF FINANCIAL ACTivmES For the year ended 31 De¢ember 2024 2024 2023 Unrestricted Funds Restrieted Funds Totsl Totsl INCOME & ENDOWMENTS FROM: Donations & Legacies Charitable Activities Grants Investments 25,201 32.258 950 7.679 10,342 163.911 4.071 1.576 35,543 196,169 5.021 9.255 16.590 179,793 535 1,911 Total Income 66,088 179.900 245.988 198.829 EXPENDITURE ON: Raising Funds Charitable activities Governance costs 24.260 8,467 1.054 24.260 183,657 1,054 21.086 171.454 1,045 175.190 Total Expenditure 33.781 175.190 208.971 193.585 NET INCOME I IEXPENDITUREI 32307 4.710 37.017 5244 Transfers between reserves 11.4721 1.472 NET MOVEMENT IN FUNDS 30.835 6.182 37.017 5244 RECONCILIATION OF FUNDS Total Funds Brought Forward 88.958 738.462 827,420 822,176 TOTAL FUNDS Carried Forward 119.793 744.644 864.437 827.420 The statement of financkal activities includes all gains and losses reeognised in the year All income and expenditure ts derived from continuing activities This staiement of financial activities includes and income and expenditure account in accordance with Companies Act 2006 requirements
PENN & TYLERS GREEN RESIDENTS SOCIETY BALANCE SHEEr At 31 December 2024 Notes Fixed Assets Tangible Assets 571.250 573.311 Current Assets Debtors Cash at Bank and in Hand 1,213 484,330 71 432.752 432.823 Creditors: due Nwthin one year 192.356 178.714 Net Current Assets 293.187 254.109 TOTAL NEf ASSErs 864A37 827.420 FUNDS OF THE CHARrrY Unrestricted Funds Restricted Funds 119.793 744,644 88,958 738.462 8fy1.437 827.420 The Charitable Company was entitled to exemption from audit under section 477 Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006 The directors acknowledge their responsibilities for complying with sertions 386 and 387 of the Companies Act 2006 with respect to a¢Uting records and the preparation of accounts. These financial ststements have been prepared in accordance with the provisions applicable to Charitable Companies subjectto the small companies regimeand in accordance with FRS102 SORP. Approved by the board of trustees and authorised for issue on osl 312ois and signed on its behalf by Chaimian Director Roker D. Harris Company Registration No. 4701734
PENN & TYLERS GREEN RESIDENTS SOCIETY NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2024 l Accounting Policie5 Basis of preparation The financial statements have been prepad under the historical cost convention except for asset5 which may be stated at revalued amounts. The financial staiements have been prepared in accordance with Accounling and Reporting by Charities.. Statement of Recommended Practice ISORPI applicable to charities PTeparing their accounts in accordance with the Financial Reporting Standard IFRS 1021 Icharities SORPIFRS10211. the Charities Act 2011 las amended by the Charities Ath 20221. the Companies Art 2006 and UK Generally Accepted Practice as it applies from 7 January 2019. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consisiently applied to all years presented unless otherwise stated. The Charity constitutes a public benefit entty as defined by FRS 102 Going concern basis The directors consider that the company is a going coneem and the accounts have been prepared on this basis In¢ome reeognttion policies Items of income are recognised and included in the accounts when all of the following criteria are met.. the charity has entitlement to the funds- any performance conditions attached to the wiems of income have been met or are fully within the control of the charity- there is sufficient certabnty that receipt ol the income is considered probable- and the amount can be measured reliably. Where incorning resources have related expenditure las with fundraising or contract incomel the incoming resources and related expenditure are reported gross in the Staiement of Financial Activities ISOFAI. For legacies. entitlement is the earlier of the charitable company being notified of an impending dislribulion or ihe legacy being received. Grants from government and olher agencie5 have been included as income from charitable activities where these amount to a ¢onlTact for services. but as donations where ihe money is given in response io an appeal or wilh greaier freedom of use.
PENN & TYLERS GREEN RESIDENTS SOCIEtY NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2024 leontinuedl Interest re1Vable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity.- this is normally upon notification of ihe inierest paid or payable by the bank. Expenditure and irrecoverable VAT Expenditure is recognised orsce there is a legal or constructive obligation to make a payment to a third party. 11 is probable that settlement will be required and the amount of the obligation Can be measured reliably. Irrecoverable VAT is ¢harged as a cost against the a$vity for which the expenditure was incurred. Fund Accountin9 Unrestricted Funds can be used for any of the ¢hariVs purposes. Restricted Funds are ¢redited with income which is conditional in its use for a specific purpose. In this respect the company acts as a custodian of these funds and consequentlv they are not available for general use. Depreciation Depreciation of fixed assets is calculated to write off their ¢05t less any residual value over their estimated useful lives at the following rates on net book value. Office and other Equipment Land and Buildings Open green space 20% reducing balance over 299 years from 1 January 2010 not provided Incoming Resources from Operating Activities Incoming resources from operating activilies is the total amount received from companies and individuals by way of appeals. legacies. subscriptions. donations. and fund-raising activities on a cash basis.
PENN & flLERS GREEN RESIDENTS SOCIErY 10 NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2024 Icontinuedl Net in¢omTng/loutgoingl resources 2024 2023 Incoming Resource$ from Generated Funds Unrestri¢t¢d Restri¢t Total Total Donaiions 25,201 10.342 35.543 16,590 Fees Advertlsing & Sundry Income Grants 149.884 14,027 4.071 149.884 46.285 5,021 138.189 41.604 535 32.258 950 236.733 196.018 Investment Income 7.679 1.576 9,255 1,911 rotallncome 179.9 245.988 198.829 Costs of Generating Funds Charitable Expenditure Governance Costs Accountants. Remuneration Accounts and AGM 24.260 24,260 21,086 8,467 175.190 183.657 171,454 850 204 850 204 850 195 Sub-tof31 1.054 1.054 1.045 TotalExpenditure 33.781 175. 150 208.971 193.585 Net Surplus/lDeficitl 32307 4.710 37.017 5.244 The net incominglloutgoingl resources is after the lollowing charges: 2024 2023 Depreciation of Fixed Assets - owned asset5 2,061 2,093
PENN & TYLERS GREEN RESIDENTS SOCIETY NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2024 l¢ontinuedl Tangible Fixed Assets Land & Buildings Equipment Total Cost At l January 2024 Additions Disposals 598,097 7,768 605,865 At 31 December 2024 598.097 7,768 605.865 Depreciation At 1 January 2024 Provided in year Disposals 25.424 1,934 7,130 127 32.554 2,061 At 31 December 2024 27. 358 7.257 34,615 Net Book Value At 31 December 2024 570,739 511 571,250 At 31 December 2023 572,673 638 573.311 Tangible fixed assets are not re-valued but the Trustees hève ¢onsidered their value and are satisfied that their aggregate market value at 31 December 2024 was not less than their book value as shown in the financial statements. 2024 2023 Debtors Amounts falling due wiihin one year: Sundry Debtors and Prepayments 1,213 71 Cash at Bank and in Hand Unrestricted Funds (note 81 Restricted Funds Woodland Trust 119.793 204,915 159.622 88.958 190,292 153,502 484.330 432.752
PENN & TYLERS GREEN RESIDENTS SOC[y 12 NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 Dember 2024 (continued) 2024 2023 Creditors- due within one year Accruals and other creditors Woodland Trust 32.734 159,622 25,212 153.502 Total 191356 178.714 Unrestricted Funds At 01101124 Funds Transfer Surplusl IDefi¢itl for Year At 31112124 General Funds 88.958 11.4721 32.307 119,793 Restricted Funds At 01101124 Funds TrnnsfeT Surplusl (Deficit) for Year At 31112124 Woodlands and open spaces Pre-school 681,574 56.888 12.6911 7.401 678.883 65,761 1,472 738.462 1,472 4,710 744.644 Movement in Funds The net movement in hJnds as shovm on page 6 as required by the Charities Statement of Recommended Practice is a surplus of £37.01712023 £5,244 surplus). The surplus for Companies Act 2006 purpose is £37,01712023 £5.244 surplus). 10 Guarantee The Society is limited by guarantee and does not have a share capital. Directors. as members, have guaranteed contributions of an amount not exceeding £1 to the assets of the Society in the event of it5 dissolution. The total number of directors as at 31 December 2024 was 1112023.. 101 11 Ultimate Controlling Party There was no ultimate controlling party during the year. 12 Related Party Transactions None of the trustees have been paid any remuneration or received any other benefits from employment with the charily or a related eniity.