**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:
1. To provide safe and comfortable accommodation in the Trust's properties for the older person and provide quality care for the frail elderly.
2. 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.
3. To foster and promote the social and historic ambience of Old Bedhampton.
4. 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
1
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.
2
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.
3
## **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
4
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.
5
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
6
## **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:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. 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
4. 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: .............................................
Page 7
## **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
Page 8
## **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
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (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
Page 9
continued...
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
Page 11
## **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
Page 12
**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.
Page 13
continued...
**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.
Page 14
continued...
## **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|
|---|---|---|---|
Page 15
continued...
## **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**
Page 16
continued...
## **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
-
-|
|---|---|---|---|
|||||
|||||
|||||
|||||
|||||
|||||
Page 17
continued...
## **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|
||||
Page 18
continued...
## **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|||
||||
Page 19
continued...
## **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|
|---|---|---|
||||
||||
||||
||||
Page 20
continued...
## **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.
Page 21
continued...
**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.
Page 22