REGISTERED COMPANY NUMBER: 05480101 (England and Wales) REGISTERED CHARITY NUMBER: 1116034
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
FOR
THE MANOR TRUST BEDHAMPTON
THE MANOR TRUST BEDHAMPTON
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
| Page | |
|---|---|
| Report of the Trustees | 1 to 6 |
| Independent Examiner's Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 to 10 |
| Cash Flow Statement | 11 |
| Notes to the Cash Flow Statement | 12 |
| Notes to the Financial Statements | 13 to 22 |
Charity No: 1116034. Registered Company No: 05480101 The Manor Trust Bedhampton (A company limited by guarantee) Registered Office: The Elms, 2 Lower Road, Bedhampton, Hants, PO9 3LH.
THE MANOR TRUST BEDHAMPTON
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
The Manor Trust, founded in 1967 by the late Bernard Stanley and the late Cynthia Hoy, is a small local charity operating in the beautiful conservation village of Old Bedhampton in Havant, Hampshire. The origins and the history of the Trust and the surrounding buildings in the village continue to be catalogued and documented by our dedicated volunteers in the Bedhampton Historical Collection (BHC) at The Elms. The Trust's Patron is General the Lord Richards of Herstmonceux.
The Manor Trust is both a charity, registered with the Charity Commission, and a registered company.
Our Annual Report for 2024 presents an overview of the Trust’s achievements and activities.
OBJECTIVES AND ACTIVITIES
Objectives and Aims
The Manor Trust's Objectives remain as follows:
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To provide safe and comfortable accommodation in the Trust's properties for the older person and provide quality care for the frail elderly.
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To preserve, maintain and promote, for the benefit of the public, The Trust's Grade II* listed building known as The Elms and the Waterloo Room, a Regency Banqueting Hall with Tower.
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To foster and promote the social and historic ambience of Old Bedhampton.
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To help and encourage education in the community.
Public Benefit
The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities. The Trustees refer to public benefit throughout this report.
The Manor Trust Governing Committee comprises the Trustees, with one Trustee as Chair, the Trust Manager, the Trust Finance Administrator and the Registered Manager of The Lodge. In addition to the AGM, nine meetings of the Governing Committee took place at The Elms during 2024 with some decisions being taken by email.
ACHIEVEMENT AND PERFORMANCE
The Manor Trust's principal activities surround its two owned properties.
The Lodge is the Charity's Care Home, registered to provide residential care for 14 dependent and frail older people. The Lodge offers a safe, homely, and friendly environment where residents are encouraged to be as independent as possible. Residents and visitors enjoy the use of the gardens in warmer weather. The Lodge’s staff team of carers are experienced in providing care and support
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to those with a range of complex care needs. Digital care plans are created and updated in response to the individual and changing needs of each resident.
Throughout 2024 The Lodge operated at about 92% capacity with only 1 room vacancy at any one time. A waiting list of prospective residents continues to be maintained. Staffing presented Emma Vallender, Registered Manager with some challenges during the year with staffing levels being affected by long term absences and recruitment being delayed due to long waiting times for DBS clearances. Despite these difficulties Emma continued to lead the staff team in delivering a high level of care to all those residing at the Lodge and an on-call allowance was introduced to help recruit and retain senior care staff.
Staff training was updated during the year and various work undertaken to improve the accommodation: the dining room flooring was replaced, carpets were deep cleaned, and some window blinds and soft furnishings renewed. Residents enjoyed a full entertainment and activities programme.
The Elms , located next door to The Lodge in the centre of Bedhampton, is a Grade II* listed building more than 220 years old. As well as hosting the administrative offices of the Trust, it also offers 5 self-contained apartments to residential tenants. They benefit from the use of the wellstocked library, the historic Waterloo Room and the extensive gardens. The Elms apartments were all fully occupied as of February 2024. Residents often volunteer to help with the activities held.
We were pleased to continue the monthly café & library book shop; the weekly lunch club and regular meetings of the Bedhampton Historical Collection all take place in 2024. Some outside hirings took place, including meetings by Havant u3a local history group. These regular occasions all offer an opportunity to members of the local and wider community to make use of the Waterloo Room and enjoy its impressive and historic features.
We are delighted to report that the redecoration of the Waterloo Room was completed in early 2024, work included radiator repairs, attending to some plaster cracks and damage caused by water ingress. The flooring has also been restored, and visitors have commented on the splendid transformation. The Elms still has several additional maintenance and preservation requirements. A programme of repair and redecoration will continue over the coming years which will require the use of already dedicated funds and will be the focus of future fund-raising activities.
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In line with last year’s action plan the wellbeing of residents was the main priority with regular audits being undertaken by the management team to review levels of performance and effectiveness. Policies and procedures were updated, and additional bank staff were recruited to help maintain staffing levels at The Lodge. Energy usage was closely monitored to help manage the cost increases and more attention was given to the appearance of the gardens at The Elms. The IT systems were improved by the introduction of a centralised document area, improving accessibility and aiding collaborative working amongst the management team.
Volunteers, Supporters and Trustees
We were delighted to hold numerous fund-raising and community activities in 2024. Supporters enjoyed a variety of events throughout the year including a cheese and wine evening, several tabletop sales with crafts, books and clothes, a games evening, a music performance and a selection of afternoon and evening talks.
All our fundraising events are run with the help and support of our ever-enthusiastic group of volunteers and all our volunteers deserve our grateful thanks. These events would not be possible without them.
The Summer Fair held in the Elms Garden in August was well supported and a great success, with many visitors enjoying the cream teas and traditional stalls. The December Christmas Fair was still successful despite Storm Darragh, sadly the lighting of the Elms Christmas tree and carol singing had to be cancelled due to the weather warnings. We hope for better weather next year!
Thanks go to the gardening team for keeping the grounds at The Lodge and The Elms well maintained throughout the year and for helping to produce fresh fruit and vegetables for residents to enjoy. Our thanks also go to The Bedhampton Volunteers for their help with the gardens at The Elms.
The Manor Trust’s Annual General Meeting (AGM) was held in June with 21 voting members of the Trust present for an address by the Trust's Chairman, David Hindley. There was formal acceptance of the accounts, annual report, and previous minutes. Trustees Peter Wallbank and Stephen Kerslake were formally appointed as directors of the Trust.
The Manor Trust welcomes expressions of interest from any potential Trustees as it seeks to set a path forward over the next few years. Anyone interested in becoming a Trustee is invited to contact the Trust Manager via paula@manortrust.org.uk or 02392 484444.
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Bedhampton Historical Collection (BHC)
The BHC is a significant resource of local history and knowledge. Its collection of local artefacts, documents and pictures is held within a room at The Elms and is managed by a small group of enthusiastic local volunteers. They meet most Wednesday mornings, working on the cataloguing and preservation of the Collection's items. The team helped several people with research requests during the year. The BHC welcomes visitors (by appointment) and are actively involved in local historical events. The September Heritage Open Days were celebrated by hosting two free events, an exhibition and a talk about the Portsmouth and Arundel Navigation Canal that was never completed. A new laptop was purchased for the BHC team and for occasional events use.
The Charity's Policies and Procedures
There are many policies and procedures in place encompassing all aspects of health, safety, safeguarding, security, privacy, finance, data protection, employment, and human rights. Processes are in place for conducting risk assessments and recruitment checks, with all staff and Trustees being vetted through the Disclosure and Barring Service.
Staff
The Trust has 1 full time employee at The Lodge - the Registered Manager - and 26 part-time employees fulfilling a range of roles including care, management, housekeeping and catering. Procedures for staff recruitment, induction, retention, and training are in accordance with current legislation. Mandatory training is provided by qualified trainers, health care professionals and via an online training platform.
The Trust also employs a part-time Trust Manager and a part-time Finance Administrator who deal with the administration of the Manor Trust Bedhampton as a whole.
FINANCIAL REVIEW
Financial position
The Manor Trust’s overall income for 2024 was £744,098 which was made up mostly from the fees paid by residents of The Lodge and rents paid by tenants of The Elms. The total expenditure for the year was £682,097, giving an overall operating surplus of £88,537. This follows an operating surplus of £32,121 in 2023. A major factor contributing to the surplus in 2024 was the consistent occupancy at The Lodge.
Amongst the income received in 2024 were a total of £6,274 in donations, £3,147 in dividends on investments and £3,427 from fundraising events.
In August 2025 the Trust changed investment fund management companies to benefit from a reduction in account management fees. The Charity Aid Foundation (CAF) is now managing Trust investments.
LOOKING AHEAD
In 2025 the Trust intends to pursue its general objectives as previously published, prioritising the wellbeing of residents at The Lodge and endeavouring to maximise income by filling all rooms there. Policies and Procedures will be reviewed as required. Essential building maintenance and improvements will be undertaken, projects include, taking down and rebuilding a 4 metre section of the Elms flint boundary wall, minor repairs to the external brickwork and render at low level to the western end of the north wall. We will be renewing the gutter to the Waterloo Room end wall, overhauling roof slates and fitting lead flashing, redecorating the kitchen and making good the communal toilet and lobby. A survey will be undertaken of external windows and doors and a 1/3/5year plan developed for essential repairs and replacement. General, additional maintenance of The Lodge building will continue with particular emphasis on overhauling some of the plumbing systems. The Trust also hopes to host an increased number of events in the Waterloo Room
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including social events and talks as well as offering its facilities for private hire during the daytime.
We would be interested to hear from anyone who would be willing to deliver an interesting talk or activity, and any funds raised will be dedicated to the restoration of The Elms.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Appointment of New Trustees
The Charity may by ordinary resolution appoint a person who is willing to act as Trustee. This is achieved according to the Memorandum and Articles of the Charity with confirmation of both parties in writing. Under 31. (1) of the Memorandum and Articles, the Trustees may appoint a person who is willing to act to be a Trustee, subject to the validation of that appointment by Members at the next Annual General Meeting.
Officers of the Trust in 2024
Trustees
Mr David E Hindley Dr Richard Jones Mr Stephen Kerslake Mr Peter Wallbank
Mrs Paula Humby, Trust Manager Mrs Valerie Moller, Finance Administrator
Contact and Enquiries Trust Office Telephone: 02392 484 444 Email Trust Manager: paula@manortrust.org.uk Email Finance Administrator: valerie@manortrust.org.uk The Lodge Telephone: 02392 452 644 Email Registered Manager: emma@manortrust.org.uk
www.manortrust.org.uk
Declarations
The Manor Trust Bedhampton acknowledges that its Trustees are not paid and received no private benefit from the Charity and that no Trustee or person connected with a trustee received any benefit from contribution or donations given to the Charity. In the compiling of this report the Trustees confirm that they have had regard to the Charity Commission's guidance on public benefit.
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The Manor Trust is not subject to a statutory audit requirement and as such this is a summary of the achievements of the Charity during the year in relation to its objectives and the impact on its beneficiaries.
Signed
David Hindley
Trustee/Chair of Board of Directors/Trustees
Dated 10 June 2025
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE MANOR TRUST BEDHAMPTON
Independent examiner's report to the trustees of The Manor Trust Bedhampton ('the Company')
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
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
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 carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice 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 (FRS 102)).
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.
S Mackie FCA
Morris Crocker Chartered Accountants Station House North Street Havant Hampshire PO9 1QU
11/06/2025 Date: .............................................
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THE MANOR TRUST BEDHAMPTON
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2024
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Charitable activities 5 Charitable activities Other trading activities 3 Investment income 4 Total EXPENDITURE ON Raising funds 6 Charitable activities 7 Charitable activities Total Net gains on investments NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 6,274 729,430 - 4,967 740,671 1,122 680,929 682,051 21,004 79,624 1,151,708 1,231,332 |
Restricted funds £ - - 3,427 - 3,427 46 - 46 5,532 8,913 111,780 120,693 |
2024 Total funds £ 6,274 729,430 3,427 4,967 744,098 1,168 680,929 682,097 26,536 88,537 1,263,488 1,352,025 |
2023 Total funds £ 7,383 621,531 2,566 3,216 |
|---|---|---|---|---|
| 634,696 | ||||
| 2,335 637,989 |
||||
| 640,324 | ||||
| 37,749 | ||||
| 32,121 1,231,367 |
||||
| 1,263,488 |
The notes form part of these financial statements
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THE MANOR TRUST BEDHAMPTON
BALANCE SHEET 31 DECEMBER 2024
| Notes FIXED ASSETS Tangible assets 13 Investments 14 CURRENT ASSETS Debtors 15 Cash at bank and in hand CREDITORS Amounts falling due within one year 16 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 18 Unrestricted funds Restricted funds TOTAL FUNDS |
2024 £ 507,779 684,711 1,192,490 8,867 233,343 242,210 (82,675) 159,535 1,352,025 1,352,025 1,231,332 120,693 1,352,025 |
2023 £ 508,186 659,341 1,167,527 10,408 165,943 176,351 (80,390) 95,961 1,263,488 1,263,488 1,151,708 111,780 1,263,488 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
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THE MANOR TRUST BEDHAMPTON BALANCE SHEET- continued 31 DECEMBER 2024 These financial ststements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 10 June 2025 and were signed on its behalf by: Mr D E Hindley- Trustee The notes form part of these financial statements Page 10
THE MANOR TRUST BEDHAMPTON
CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by operating activities Cash flows from investing activities Purchase of fixed asset investments Sale of fixed asset investments Interest received Net cash provided by investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
2024 £ 61,267 61,267 (540,043) 541,209 4,967 6,133 67,400 165,943 233,343 |
2023 £ 4,736 |
|---|---|---|
| 4,736 | ||
| - 2,336 3,216 |
||
| 5,552 | ||
| 10,288 155,655 |
||
| 165,943 |
The notes form part of these financial statements
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THE MANOR TRUST BEDHAMPTON
NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024
| 1. | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM | OPERATING ACTIVITIES | OPERATING ACTIVITIES |
|---|---|---|---|
| 2024 | 2023 | ||
| £ | £ | ||
| Net income for the reporting period (as per the Statement of | |||
| Financial Activities) | 88,537 | 32,121 | |
| Adjustments for: | |||
| Depreciation charges | 407 | 906 | |
| Gain on investments | (26,536) | (37,749) | |
| Interest received | (4,967) | (3,216) | |
| Decrease in debtors | 1,541 | 11,340 | |
| Increase in creditors | 2,285 | 1,334 | |
| Net cash provided by operations | 61,267 | 4,736 |
2. ANALYSIS OF CHANGES IN NET FUNDS
| At 1.1.24 | Cash flow | At 31.12.24 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank and in hand | 165,943 | 67,400 | 233,343 |
| 165,943 | 67,400 | 233,343 | |
| Total | 165,943 | 67,400 | 233,343 |
The notes form part of these financial statements
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THE MANOR TRUST BEDHAMPTON
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Houses equipment - 20% on cost Other admin equipment - 20% on cost Bedhampton Historical Collection - 20% on cost Computer equipment - 25% on cost
Individual fixed assets costing £500 or more are capitalised at cost.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
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THE MANOR TRUST BEDHAMPTON
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
1. ACCOUNTING POLICIES - continued
Financial instruments
The charity only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and investments in stocks and shares. The measurement basis used for these instruments is detailed below.
Debtors and cash at bank
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand included cash held on deposit or in a current account.
Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
2. DONATIONS AND LEGACIES
| Sundry donations received BHL and subsidiary donations 3. OTHER TRADING ACTIVITIES Fundraising events 4. INVESTMENT INCOME Deposit account interest Dividends received |
2024 £ 2,660 3,614 6,274 2024 £ 3,427 2024 £ 1,820 3,147 4,967 |
2023 £ 3,678 3,705 |
|---|---|---|
| 7,383 | ||
| 2023 £ 2,566 |
||
| 2023 £ 500 2,716 |
||
| 3,216 |
All investment income is derived from assets held in the United Kingdom.
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THE MANOR TRUST BEDHAMPTON
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
5. INCOME FROM CHARITABLE ACTIVITIES
| Activity The Lodge - Contributions from Residents Charitable activities The Elms - Contribution from Residents Charitable activities Grants Charitable activities Grants received, included in the above, are as follows: Hampshire County Council 6. RAISING FUNDS Investment management costs Portfolio management 7. CHARITABLE ACTIVITIES COSTS Charitable activities 8. SUPPORT COSTS Charitable activities Support costs, included in the above, are as follows: Management Repairs and maintenance copier costs Payroll charges Accountancy fees Legal and professional Bank charges Printing, postage and stationary General expenses |
Direct Costs £ 669,019 |
2024 £ 676,936 52,494 - 729,430 2024 £ - 2024 £ 1,168 Support costs (see note 8) £ 11,910 2024 Charitable activities £ 1,152 2,144 3,048 34 95 300 5,137 11,910 |
2023 £ 570,249 41,282 10,000 621,531 2023 £ 10,000 2023 £ 2,335 Totals £ 680,929 Manageme £ 11,910 2023 Total activities £ 384 2,057 3,296 508 179 374 4,513 11,311 |
|---|---|---|---|
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THE MANOR TRUST BEDHAMPTON
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
9. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 407 | 906 |
| Independent examiner's fee | 2,870 | 2,860 |
10. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.
Trustees' expenses
During the year no trustees (2023: none) were reimbursed out of pocket expenses (2023: £nil).
11. STAFF COSTS
| 2024 2023 |
2024 2023 |
2024 2023 |
|---|---|---|
| £ £ |
||
| The Lodge - Salaries and wages 415,241 371,421 |
||
| The Lodge - Social security costs | 21,374 | 16,347 |
| The Lodge - Pension costs | 6,500 | 5,467 |
| The Elms - Salaries and wages | 33,417 | 32,103 |
| The Elms - Social security costs | 3,105 | 2,924 |
| The Elms - Pension costs | 735 | 732 |
| 480,372 411,634 |
||
The average monthly number of employees during the year was as follows:
| 2024 | 2023 | |
|---|---|---|
| Retirement living | 28 | 27 |
No employee received emoluments in excess of £60,000
12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Charitable activities Other trading activities Investment income Total |
Unrestricted fund £ 7,383 621,531 - 3,216 632,130 |
Restricted funds £ - - 2,566 - 2,566 |
Total funds £ 7,383 621,531 2,566 3,216 |
|---|---|---|---|
| 634,696 |
EXPENDITURE ON
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THE MANOR TRUST BEDHAMPTON
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
| 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - Unrestricted fund £ Raising funds 2,080 Charitable activities Charitable activities 637,989 Total 640,069 Net gains on investments 34,226 NET INCOME 26,287 Transfers between funds 1,651 Net movement in funds 27,938 RECONCILIATION OF FUNDS Total funds brought forward 1,123,770 TOTAL FUNDS CARRIED FORWARD 1,151,708 13. TANGIBLE FIXED ASSETS Freehold property £ COST At 1 January 2024 and 31 December 2024 507,220 DEPRECIATION At 1 January 2024 - Charge for year - At 31 December 2024 - NET BOOK VALUE At 31 December 2024 507,220 At 31 December 2023 507,220 |
continued Restricted funds £ 255 - 255 3,523 5,834 (1,651) 4,183 107,597 111,780 Houses equipment £ 37,754 36,915 280 37,195 559 839 |
Total funds £ 2,335 637,989 640,324 37,749 32,121 - 32,121 1,231,367 1,263,488 Other admin equipment £ 618 618 - 618 - - |
|
|---|---|---|---|
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THE MANOR TRUST BEDHAMPTON
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
13. TANGIBLE FIXED ASSETS - continued
| Bedhampton Historical Computer Collection equipment £ £ COST At 1 January 2024 and 31 December 2024 347 3,974 DEPRECIATION At 1 January 2024 347 3,847 Charge for year - 127 At 31 December 2024 347 3,974 NET BOOK VALUE At 31 December 2024 - - At 31 December 2023 - 127 14. FIXED ASSET INVESTMENTS Listed Unlisted investments investments £ £ MARKET VALUE At 1 January 2024 619,341 40,000 Additions 540,043 - Disposals (523,145) - Revaluations 8,472 - At 31 December 2024 644,711 40,000 NET BOOK VALUE At 31 December 2024 644,711 40,000 At 31 December 2023 619,341 40,000 All fixed asset investments are held within the United Kingdom. Unlisted investments are: Bedhampton Holdings Limited - 40,000 shares 40,000 There is no ready market for these shares. |
Bedhampton Historical Computer Collection equipment £ £ COST At 1 January 2024 and 31 December 2024 347 3,974 DEPRECIATION At 1 January 2024 347 3,847 Charge for year - 127 At 31 December 2024 347 3,974 NET BOOK VALUE At 31 December 2024 - - At 31 December 2023 - 127 14. FIXED ASSET INVESTMENTS Listed Unlisted investments investments £ £ MARKET VALUE At 1 January 2024 619,341 40,000 Additions 540,043 - Disposals (523,145) - Revaluations 8,472 - At 31 December 2024 644,711 40,000 NET BOOK VALUE At 31 December 2024 644,711 40,000 At 31 December 2023 619,341 40,000 All fixed asset investments are held within the United Kingdom. Unlisted investments are: Bedhampton Holdings Limited - 40,000 shares 40,000 There is no ready market for these shares. |
Totals £ 549,913 41,727 407 42,134 507,779 508,186 Totals £ 659,341 540,043 (523,145) 8,472 684,711 684,711 659,341 |
|---|---|---|
| 40,000 | 40,000 | |
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THE MANOR TRUST BEDHAMPTON
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
14. FIXED ASSET INVESTMENTS - continued
Cost or valuation at 31 December 2024 is represented by:
| Listed Unlisted investments investments £ £ Valuation in 2018 (24,166) - Valuation in 2019 56,454 - Valuation in 2020 17,535 - Valuation in 2021 60,462 - Valuation in 2022 (50,703) - Valuation in 2023 37,749 - Valuation in 2024 8,472 - Cost 538,908 40,000 644,711 40,000 15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 £ Trade debtors 32 Other debtors 296 Prepayments 8,539 8,867 16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 £ Trade creditors 963 Social security and other taxes 13,573 Other creditors 50,511 Accruals and deferred income 17,628 82,675 |
Totals £ (24,166) 56,454 17,535 60,462 (50,703) 37,749 8,472 578,908 684,711 2023 £ 32 296 10,080 10,408 2023 £ 5,689 5,404 43,900 25,397 80,390 |
|---|---|
Deferred income represents income received in advance for contributions in the next financial year.
| 2024 2023 |
2024 2023 |
2024 2023 |
|---|---|---|
| £ £ |
||
| Brought forward 13,572 12,383 |
||
| Amount released to incoming resources (13,572) (12,383) |
||
| Amount deferred in year 11,193 13,572 |
||
| Carried forward 11,193 13,572 |
||
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THE MANOR TRUST BEDHAMPTON
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
17. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Unrestricted Restricted fund funds £ £ Fixed assets 507,779 - Investments 582,671 102,040 Current assets 223,557 18,653 Current liabilities (82,675) - 1,231,332 120,693 18. MOVEMENT IN FUNDS At 1.1.24 £ Unrestricted funds General fund 1,151,708 Restricted funds The Waterloo Room Maint. Fund - Income 6,844 The Waterloo Room Maint. Fund - Capital 34,720 Bedhampton Historical Collection 62,568 The Lodge Association 1,430 Waterloo Room Roof Appeal 6,162 Picture Framing 56 111,780 TOTAL FUNDS 1,263,488 Net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 740,671 (682,051) Restricted funds The Waterloo Room Maint. Fund - Capital - - Bedhampton Historical Collection - (46) Waterloo Room Roof Appeal 3,427 - 3,427 (46) TOTAL FUNDS 744,098 (682,097) |
2024 Total funds £ 507,779 684,711 242,210 (82,675) 1,352,025 Net movement in funds £ 79,624 - 2,240 3,246 - 3,427 - 8,913 88,537 Gains and losses £ 21,004 2,240 3,292 - 5,532 26,536 |
2023 Total funds £ 508,186 659,341 176,351 (80,390) 1,263,488 At 31.12.24 £ 1,231,332 6,844 36,960 65,814 1,430 9,589 56 120,693 1,352,025 Movement in funds £ 79,624 2,240 3,246 3,427 8,913 88,537 |
|---|---|---|
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THE MANOR TRUST BEDHAMPTON
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
18. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Restricted funds The Waterloo Room Maint. Fund - Income The Waterloo Room Maint. Fund - Capital Bedhampton Historical Collection The Lodge Association Waterloo Room Roof Appeal Picture Framing Job Retention Scheme TOTAL FUNDS |
At 1.1.23 £ 1,123,770 6,844 36,000 58,020 1,430 3,596 56 1,651 107,597 1,231,367 |
Net movement in funds £ 26,287 - (1,280) 4,548 - 2,566 - - 5,834 32,121 |
Transfers between funds £ 1,651 - - - - - - (1,651) (1,651) - |
At 31.12.23 £ 1,151,708 6,844 34,720 62,568 1,430 6,162 56 - 111,780 1,263,488 |
|---|---|---|---|---|
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds The Waterloo Room Maint. Fund - Capital Bedhampton Historical Collection Waterloo Room Roof Appeal TOTAL FUNDS |
Incoming resources £ 632,130 - - 2,566 2,566 634,696 |
Resources expended £ (640,069) - (255) - (255) (640,324) |
Gains and Movemen losses in funds £ £ 34,226 26,287 (1,280) (1,280) 4,803 4,548 - 2,566 3,523 5,834 37,749 32,121 |
|---|---|---|---|
The Waterloo Room Maintenance Income Fund - Under the terms of a legacy, this income arising from the capital fund is to be applied solely for the maintenance of The Waterloo Room at The Elms House.
Waterloo Room Maintenance Capital Fund - Under the terms of a legacy, this is the capital fund providing the income.
Bedhampton Historical Collection - In memory of the late Cynthia Hoy. A bequest of £50,000 was provided from the estate of Mrs C D Hoy to create this historical collection. To this has been added the proceeds of sale of certain assets of the estate, plus interest earned on bank deposit monies lent on secured loan.
Waterloo Room Roof/ Redecor. Appeal - this appeal is ongoing, and the funds are being raised to go towards the repair of the WLR roof and redecorating of the ancillary rooms in due course.
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THE MANOR TRUST BEDHAMPTON
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
18. MOVEMENT IN FUNDS - continued
Picture Framing Sponsorship (BHC) - these funds were raised by the Bedhampton Historical Collection group to fund the reframing of some of the historical collection pictures at The Elms.
The Lodge Association - these funds are an accumulation of donations from previous deceased Lodge residents families to The Lodge residents. The fund is managed by The Trust and is used to contribute to Christmas gifts, etc.
19. EMPLOYEE BENEFIT OBLIGATIONS
During the year the charitable company operated a defined contribution pension scheme for its employees. The charge for the year was £7,235 (2023: £6,199). The amount outstanding with the scheme as the balance sheet date was £1,417 (2023: £1,043).
20. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024.
21. ULTIMATE CONTROLLING PARTY
The charitable company is not under the control of another entity or any one individual.
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