THK FREDERICK ARTHUR ALFORD CHARITABLE TRUST REPORT OF THE TRUSTEES AND PINMCIAL STATEMENTS f or the Ye ended 31st MARCH 2024 Registered charlty .Number 1110558
THE FREDERICK ARTHtTR ALFORD CHARITABLE TRUST REPORT OF TIE TRUSTEES for the year ended 31st MARCH 2024 Trustees: J S Alford M Ansell G K Cornwall .P Haining Th"e trustees pr.esent their report together with the financial statements o.f the trust for the year "ended 31st "Marcn 2024. The Ifréderick Arthur Al.ford CharitaJ)le Trust was creaLed by a trust deed on 28.th June 2005. The r]0 objects of the.truskn are a3 follows: . To. relxeve persolls, and childreu in .particular, are dea suf f ering. from. other hearLng dif f ic'altiès. .hard of hearing or" To prO0e or support sucb other .charitable purposes as the Trustees their .absolute '.discretion decide. The Trustees must use the income and may use tbe capital of the Trust in.promoting the objects. DurLllg" the period under review the company received a donation of £30. 000 f rom Alford. Bros. IFolkestonel Limited, a COUanY formerly owned by Mr F A Al£oid. In addition to. the donation.of £30.000 detailed above, further £250,000 wa transferred to the charity by the executors 0£ Mr F A Alford ill accordance with the directions. in the late Nr Alford, s will. DOnatOn$ totalling" £79, 000 were'nHde during. the year including a donation of £60, DOO to The Royal. Natlonal Institute for Deaf People {PID) . At a inceting of the.trustees during the year, a number of potential recipients of donations were di3CUt58ed and IL was resolved to look further at certain prospective recipients. This may include a signif i.cant capital.proj ece possibly related to a school f or dea£ children. Since the .balance sheet" date further 8mall donations have been made. THE TRUSI'EES The trusLees were as follows: J S Al£ord M J¥nsell (S'ecretary) G X Coriiwall P Haining l Treasurer) Under the terras of the trust deed. tILe number of trustees "shall be a fftinim14in 0£ two: there is no Tnaxirnura number. The originaL trustees are entitled tc hold office for" 'I"ife an(I:"addiLioual trustees may be appointed by deed or by a resolution of the tBtees.
THE FREDERICK ARTHUR I¥iFORD CHARITABLE TRUST REPORT OF THE TRUSTEES for the year. ended 3Lst MARal 2024 Icontinuedl RESERVES POLICY AND. RISK ANAGEMENT The" trustees retainea reserwes 0£. £537, 548. 'The trus.tees. have forecast the level of free reserves (that is those funds not tied .up in fixed assets or."'degigrAted as restricted funds) 'the charity.will rerzuire to sustain its op"erations for 24 Itnths. The trustees are pleased to note that there are suf ficient free .reserves .to provide tinancial f lexibility for the £oreseeable future. It is tecognised that the reserweL4 are currently higb.er than required due to dif£iculties in identifying capltal projects." sucli ".as dea£/bl.in(i sector, .the purchase of capltal equipTuent by another charity in the in .these f ields. or other deserving projects being carried" out by other cnarities TRUSTEES I RESPONSIBILITIES The trustees are required to prepare ranCIal statements for each financial period" wh'ich give a true and fair view of the state of affairs of the trust and 0£ the surplus or deflcit of Liie trust for that period. In preparing those "financial statements che trustees are requlred to: i) . select Eultable. accounting pol.icies and apply. them consistently• 2) .mak'e . judgements" and. estiuKtes" that . are reasonable .and prudent; prepare the financial statelnents .on the going. concern."ba8is unlesa it i nappropriate to assume that the trust will continue to be active. The trustees are responsible for keeping proper accounting records ivhich di8cIoG¢, with reasonable accuracy at any time, the financial position.of the Lrust, and enable them to ensure that the f inancial statements comply wit.h the .Statement of Recommended Practice. . This report wao approved by tbe trustee8 on 19th February 2025. . PETER HAINING . Trustee.
INDEPENDEFfjT EXAMINER. S REPORT TO THE TRUSTEES OF THE FREDERICK ARTHUR ALFORD CHARITABLE TRUST. I report to the trustees on my examination of the f?nancial statements 0£ the Frederick.Arthur Alford Clritable Trust Ilthe charity,) for the y.ear ended 31st . Mar¢h 2024 "which COTnprise the Statement of Financial Activxties, .and related notes. the Balance Sheet This report is made solely to the Cha"rty..8 trustees, as a bodyi in accordanc? with section 145 0£.: the Charities Act 2011. My work has been undeytaken. so. Lhat I. rni'ght state to the charity, s trustees those ll&tters l required to state to. them in. this report and for no other purpose. To the £ullest extent perTllitted by law, I do not accept or assurne responsibility to anyone other than the .charity and the charity, s trustees as a bodyr for my work, for this report. or for the opinions .r. have formed. RBSE)ONSIBILITIES AND BASIS OF REPORT . As the trustees of the clrItY you are responsible for the preparatl'on of Lhe fir_Trancial atateraents in accordance with the requirernents of the Charitieg Act 2011 "{ 11 the Act 11 I report. in respect of my examinatlon of tbe charity, s f inancial statements carried out under section 145 of the Act and ID carrying out my examination I have £ollowed all. the applicable Directions given by the Charity.Conmission under section 145 ("51 Ibl of the Act. An independent examinaLion does not involve gathering all the evldence that would be re¢tuired in ari audit atld con>equen=ly. does not cover all he matÈers that an auditor considers in giNTrrig their opinion oll the financial statements. The planning and oudu¢L .of an audit goe beyond the Limited assurance thac an independent examination . can provide. Con8oquently I express no opinion as to Tilhether the £inancial statements preaent a Iltrue and fair" view and my report 18 limlted to those &pecE1C matters set out in the independent examiner's statement. INDEPW)EWf EXAMINER, S STATEP4Ewr Since the truvt's.gross irLcollie exceeas £250,000", your examiner IiM8L be a nieniber of .body Ilsted in section 145 of the"Ac- ".I con£irm"L"hat I am (a_litIed to undertake Lb.e examination becauae I am a member of "ACCA which is one ot the listed bodies. I have'eornpleted rry examlnation. I confirm that no material matters have corne to my attention in connection with the exanatIOn giving me cause to believe that in any material. respect: accouiiting .records have. not .been kept in. respecL of the Charity as reqii.ired. by section 130 0£ the Act-. or the fxnancial statements do not accord with those records: or the financial statements do not collply with. the applicable. recwirements concernlng the form and content of accounts set out in the 'Charities (Accounts and Reports) Regu_ lations 2008 other any requxrernent that the accounts give true and fair. view which is It a nRtter conVidered as part 0£ an independent examination.
TEiR FREDERICK ARTHUR ALFORD CHARITABLE TRUST INDEPBNDEwf EXAMINERI S REPORT Icontiunuedl FOR THE YEAR" ENDED 31st MARCH 2024 I have no. concerns and have come across no other matters. in connection iyith 'Èhe examination. to. which attention sEuld be drawn in thls report to enable a. proper understanding of the financial statements to be reached. Signed: Dated: 1/5/2025 | 14.-33 BST James Duggan . Association of Chartered Certif led Accountants Simmons Gainsf ord ProEessional Services Limlted. 52 New Town Uck£ield East Sussex TN22 5DE
THE FREDERICK ARTHtni ALFORD CH21RITABLE TRfiST . sTATElNT OP FINA¥CIAL ACTIVITIES for the year ended 31st MARCH 2024 INCOMI£ AND EXPENDITURE 2024. 2023 IYJCOMING RESOtJRCBS Donations. received Building 80ciety interest received Rent. received 280, 000 102 69, 160 40, 000 23 68,453 349,262 108, 476 RESOURCES EXPElJlDED Di.rect . char&table expenditure" oyiations to: Cancer Research E East Anglia Children's Home FACTS "KeThL .and Surrey Antrmlance paula Carr Diabètes Trust .Pilgrim Hospice Retina trK RNID stuart Webb . Icomputer for bld girl.) 200 5,000 io, 000 31,500 10,000 1,000 500 .1,000 I, ooo 2,000 60.000 1, 799 79, 000 44,999 Governarkce costs Trustees, expenses Property repairs Froperty agent, s f ees Property insurance Ind¢pendent examiner, s f ee 16,512 4,5il 1,233 2,249 14,196 4,273 1,190 1.900. 24,545 21,559 103, 545 66,558 JIET INCOMING RESOURCES 245, 717 41, 918 .Balayxce brought forward at 1st April 2023 291, 831 249, 913 Balance". carried .f orward at 31st March 2024 £537.548 £291,831 ' Al"1 incomè and expenditure was unreBtricted. There were no restricted or endowment . f urids.
THE FREDERICK ARTHt]R ALFORD CHARITJIBLE I'RugT BALANCE SHEET as at 31st MARCH 2024. 2024 2023 Notes CURRENT ASSETS Debtors Cash. at bank 133, 858 407, 752 88,877 206, 654 541, 610. 295, 531 . CURRENT LIABILITIES Accnzals 4, 062 3,700 £537.548 £291,831 CAPITAL AND RESERVES unrestr.icted £unds £537.548 £291, 831 The""financial statements on pages 5 to 7 were approved by =e trustees on. 1'7th February 2025 PETER HAINING Trustee
T2UI FREDERICK ARTHUR ALFORD CYJ¥RITABLE TRi7ST NOTES Ir) THE FINANCIAL STATEMENTS . for the year ended 31st K4RCH. 2024 ACCOUVTING POLICIES General 'The" financial statements are prepa.red in accordance with .the b*storiCal cost "convention with items recognised at cost or transaction value unless otherwise stated in the relewant notes. to these accounts. . The f i nancial statetllents have been prepazed in accordance with .the 2019 Statement of .Recoramendod Practice: Accounting and Reporting £•y Charities preparing their accout)_ts in accordance with the FinAncial'Reporting S"knandard applicable in the UK and Republic of "Ireland. IFRS1021 Issued ou 16th July 2014 and the Charities Act 2011. 'The financial .staterneuts include all transacti'ons, assets and liabllitieG f.or which tILe trustees are responsible in law. d accounting General funds are unrestricted Eunds whlch are available for use at the discretion of the trusLees ID. furtherance 0£. the general objectives of Lhe clrItY and which have not been designated for. other purpos.es. Investment income, gains .and losses are al.located to the" appropriate fund. Recognltion of income .Xll income is recognised once the charity has entitlement to the income, it. is probable. that the r-sources will be received at the amount 0£ income can be meaa"arèd. Ejrpendl ture Expenditure is reeogniaed once there is a legal or constnLCtivc obligation to . Tnake a paytryent to a third party, IL is probab_le that settlement viill be requlred and the amount of the oblxgation carl be eaSllred relably. ' All.expenditure is aecourited for on an accruals. basis. . All expenses including . support costs and goirernaiice costs are allocated to tkne applicable expenditure headings . Governance costs are those incurred in connection vrith the admlnistration of the charity and compliance with the conatitUttinaI al1 statutory requirellEents. XrrecoveraJ)le WAT is charged against the expenditure heading for which it ivas ncurred. . Cash a.t Baz Cash at bank. includes cash. and short tern highly liquid inve8tTllents with'"a. . shDrt maturity ot three months or less from the date 0£ acquisition or opening of .th deposit of a similar amount. Financial instrurnents The charity.only has f inancial assets and liabilities of "a kind whlch qualify as .ba8ic .f inancial instruments. Basic f inaneial instruménts are initially ' recognLsed at transactioJ] valiie and subsequently measured. at their 5ettlemenL value.
HE FREDERICK ARTHUR ALFO1iD CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMEknvrs for the year ended 31st MARCH 2024 . LEfjONER3¥TION AND TRUSTEE EXPENSES The. trusL had.no eroployees and no staff costs. The tTr8t is th"erefore dependent the services of 'the truSees. Apart £rom direct travel administrative costs. any .expeDses are paid by Altord Bros. .including fees from The Kings Mill Practlee, IFolkestonel. Litnited, irm of Chartered Accountants 0£ which Peter Haining, one of L_oe trustees 0£ the trust, "is the principal. 'The fees 'for the period. under review amounted .to approxIntelY "£280 12023": ..approxiTiHtely E270) . With'the exception of ttLe ai)ove, no Lrustee nor any person coniiected to them has recelved" or is due to receive .any re1tllerat10n for the period directly or in.directly f.rorn the trust. fuuds. Expenses incurred by trnstees on behalf of the company are re-lmbursed at cost. At the balance sheet date, no expenses were outstandiiig. DEBTORS 2024 held by the execknknois of r.tr F A Alford 2¥rllounts held by Alford Bros. {Folkestone) Limited Prepaynents 51.096 82,062 700 34,986 53,191 700 £133.858 £88, 777 SuTrllnary of funds (all unrestricted) Brought forward Carried forward Income Expenditure Ceneral f unds £291, 831 £349,262 £103, 545 537, 548