UXBRID('E IIINI'I'CX) NN'ILFARE TRIJST A Compun!.. Liii)ited by Liiarantee REPORT AND ACCOUNTS E.'C)EI TIIE,. YIAR ENDFD 31 DECEMBER 211?3 Coniiii?iiy Niiimbei. 11545982 Chcirity iegislralion Number 1181683-1 UUWT
UXBRIDC.E UtyI'rED Wbl,FAiif TRII8T A C.onipanTr Liiiiile(I by Guai'aiitee Rtference And Administrii tif)n l)etails Trustees and Diyeetors Alan Morris Andi'ew Longhiii'%l lan BoLI)Lk (Chaii.) l)etcr Davie J¢iiie Ellis WLIiL1y Wdlkei. Sinion Nasli Chief E4 xeculive Officer Dominic Gilham Regist¢red Offiee Ossiilton Couit New Windsoi. Street Uxbi'idgT¢. Middlcsex UB8 2TD Charity nuinber 1181683-1 Cumpany number 11545982 Auditor$ Ward Williams Cliart¢i'ed Accouiitants Belgi'ave E.louse 3()_43 MonuiMLnt Hill Weybridge, Siirrey KT13 8RN Bankers Haiidelsbaiiken Pari'is14oiisc, Watei'iiians Coiii't W4ilerman5 Bii%iness Park Kiiig%bui'y Ci'esLLI)I Slaiiies Upon TliaiMes TW18 3BA Solieitors Bii'd & Loviboiid 5 Vine Street Uxbi'idgc IIB8 IQE InvestmLint MaiiagLr CCLA FLind MaiiagT¢r% Limited Seiiator E-Iouse 85 Qiiuc.ii Vicloi'i<) Street I,ondon EC:4V 4E I.
UXBRIDC.E UNI'fci D WEL&'ARIE I'RUST A Company Idimited l)}, GiiaKanlee Report nf the Trustee5 for the yeAr eiidcd 31*1 Decemb¢i' 2023 I'h¢ Ti'ustees of Uxbridg¢ United Welfare TrLl%t, who air <ilso director5 foi. the purpose ot ompaiiy law, pi'esenl their report (iiid ihL' accuuiils foi. Ilie yeai. ended 31 Dcceinber 2023. The financial statements h(ive been prepared in accoi'd(ince witli Ihc accoiinting policies set otil in Note l of tlie dcLounts and coinply with tlie Charity'5 Tn]st Deed, the Cliarities Act 2011 ai)d the Chdrities SORP (F'RS 102). Trus¢¢es Th¢ Trust converted fi'om (In unincoi'porated clwity lo a Conipany limitecl by guarantee on 31, Augusi 2018. Ti'ustees started a iiew period of appointment fiDm that date. I'he TrLlStees in office dui'ing ihe ycai. and 8ub8equently were as follows.. Mt's S J(iniLs appoiiited fi'oin 31.118.2018 until 30.08.2022, re-appoinled Irom 31.08.2022 until 10.08.26, retired 05.09.2021. appointed from 31.08.2018 until 30.08.2022, Te-appoinled fiDni 31 .08.2022 until 30.08.26. appointed I"ron) 31.08.2018 until 30.08.2022, i'e-appoiiited froin 31.08.2022 until 30.OX.26. appointed from Il .08.2018 until 30.08.2022, i'e-appoiiited fr(Ini 31.08.2022 until 30.08.26. appoinl¢d from 08.01.2019 until 07.01.2023, re-appointed froni 08.01.2023 Lintil 07.01.2027. appointed from 15.11 .2022 until 14.11.2026. appoint¢d fi'oin 15.11.2022 until 14.11.2026. appointed fi'om 16.05.2023 until 15.05.2027. Alan Morris Andi'ew Longhuist lan Bocock Petei. Davies Jane Ellis Wendy Walkei. Simon Nash Objeetives And activiti The I'l'usts consists of tliree scpayale cliai'iliis, caLh wilh Iheii. owii vbjective aiid aclivitics. Each chai'ity is resti'icted to residents iii the forn)¢r Ui'ban District of Uxbridge as defined on 31 st December 1956. The purpose of the Alinshoiise eli11Y IEmains tlie piovision of kui Ali]hOUSe. The puryx)se of t1 IleliLf in Ne¢d cl)arity remains the itlief of i)oveity. The Lord Ossulion's chai'ily is restricted to Ihe pi'omolioii of cducation foi- young people under the age of 25 who are. or wlio l]av¢ at least on¢ paiuit, living in the area of benelit. The objective ofboth the Relief in Need (ind Lord C)ssulton Chdrits"es <1re ¢1¢hieved iii(I the Trust'b grant giving activities. The Tiustee8 continn that they Iiave liad Irg.d to tlie Cliarity Coi]llni5sion's guidance on publiL benefit.
UXBRIDGE UNITEI [) wr,i.,FARf, TRUSI. A CompAI)y Liiiiiled by Gu¢ii'aMlee Aehievcinenty and peifoi'inance Tile new Alnishouse. wliich hds been najiied Ossulton c.ouit was conipleted at the eiid ot'july 2022 ]d provid&s tWLI)ty liigli qualily almshouse accommodation, together willi a firther ten flats that are let on a Lomniercial basis. The Tn]st has conliniied mdkiiig u'dnts diu'ing Ilie year to 01)le iii need. Tlie Ti-ustee8' poli¢y is lo award Lyranls to individiials or organisations Inc¢tiiig relevaiil Lriteria and wilhin the ai'ea of benefit, following cai-cful i'eview. Applicalioiis ti)r dssislanLe are iiivitcd via tlie UUWT websile, by contact with local authority SOClcl1 s¢i'vices, local schools, and other Drganisations involved with likely applicaiits. (yi'ants al'e given by the pi'ovision of goods or services I'equii'ed aiid nol a8 cash. Th¢ Tiust Deed states Ihe Trust is not lo relieve piiblic fund5 11]at oiherwise available. The Ti'ust Chief Executive Officei. (CEO), aiid Ihe -I'Iustees, i'eview grant upplicalions for suitability and help to ensure that applicaiit81)ave claimed the correct w¢lfare benefils to which they may be eiititled. As detailed below, the Trust owns a substantial property portfolio. The portfolio is Than(ILJed to provide lettiiig inconie at Luri-eiil iiiai'kel i'ate5. 11 is Trust policy lo i'el<iin pi'opeities Ihat pi'ovided a good iiiveslnient rctiii'n for tlie long tei'm. In additioii, tlie Trust liad fund5 i]]anaged by CCLA, biit ihese wei-e witlidrawii dui'ing 2023 to fund thc Almshouse iEbuild. Tlie bulk of tlie Trust assets are in freehold real estate, both coinmercial and residential. Most of the comniei'eial properties were built in ihe lale I'IOO'S in old Uxbridge, a c.onservation Area. The residential pi'emises compi'ise Victoricoll 1< lid F,dwai'diaii villas adjaLeiit lo the Almshouse, some of whicli have been converted iiilo flat%, Newlaii(l Hc)use a Victoi'ian Bclptisl cliapel, which was converted li)10 8 self-conlained flals, and tlie llals above Sliops in Wisidsoi. Street. Tlie residential properties are let oli yeai'ly agrecmenls and il)c rents reviewed every yeai.. 'I'he Ti'ustees objective in Iiolding this property portfolio 15 to generate Capital growth and income to provide the funds reqiiired to ruli the Almslioiise and fuiid the gi-anls biiveii b), the Relief in Ne¢d and Loi'd Ossulton sections of the Charity. There liavc beeii no additions to tlie Trust property portfolio duriiig Il)e year undei. review. Ime Truslees are Gominitted to tlie niaintenance of these propeilies, to inaiiitain rental income. Financial revie Tlie Net Iiicomin8 Resources l()r tlie y¢ai' was a siii'plus of £1 00,036 {2022.. Deficit £39,915) and after iiivestnient gF(111)5 dnd losses. iiicliidiiig rcvalualion of investiiiei)t pi'opeities, a surplus ot. £648,021 (2022.. DefLCit £176,409).
UXBRIDGf. UNITLI) wr.I,Tr'Aiif, TRUST Cojiipany LimitLd b), Giiaruntee Financial r¢vieiv {L'ontiniicd) 'I'lie iict incorniiig resoui'cc.% toi. tlie ye<il' bef()re I'L valualioii ol. inv¢%lineiits of £100,036. is an inci'ease of £139,951 Lompared lo 2022. 1.liis iiici'ease refl¢¢ls Il)e inci'ease in Almsliouse rents followingy the eoinpletion of thc Alinbliousc Icbuild, A duCtio11 in the amounl spent oli investmenl properties aiid a rise in Almshouse expeiises, iii particular loan interest on the loan taken oul to facilitate the build of the new Almslioiise, whicli lias been affcctcd by rise in bank base i?te. The principal funding soiirce ot Ihe I'rii.%l ils pi'oI)ei'ly portfolio. Propci-ly valiies have iilLre<i%ed iii I'eLenl yeai's, with tl)e -I'i'iist niainlainiiig its portt()lio lo a high stand1¢ rd aiid underlying rental iiiLoine has beei) maintained tliis yeai.. In addition to tlie pri)pei'ly i)oi'tfolio. the Tiiist l)eld approximately l 00/0 of ils fixed as%el investments as inanaged iiivcstinei)t funds, but tliese have how been fully liquidaled io fund the Aliiishouse i'ebLiiId. Giants paid in the year ainounted to £43,047 (2022.. £38,340). In aodilioii to &Jrants paid, staff provide advice and support in re5P¢Ct of benetits and ()Ihei' opt&ons tivailable to clainiaiits and assist witl) asse%sing applications foi. grants made by Ihe Ti'usts. As parl oFtI)e plans to financ¢ the rebiiild ofihe Alnish()ii%e, early iii 2017 tlie l-ruslees put in place iiarious cost saving Imeasurc%. Pi'invipal aini)iigysl tliese was Ihe decision to i'estricl general gi'ants to approxiinatel}' £16,000 per yeai.. 'fiiis l)as now been increased to £48,000, to melt the ciirrent level of deinai)d. Re.sei'iies 'rhe TIMsts' income from il.s propert5, pol'ifolio 1% morL Ilian siiffiLient lo mect tlie day-to-day operating cosls and g71'aiits expendilui'e. As buch Iliei'e 15 Do I'eqiiii'ement to hold a cash reserve. Th¢ balance attributable Èo the Vcirious fiinds af tlie y¢aY-eiid 15 as r()Ilows- Almshouse amouiited to £6,453,278 Loi'd Ossulion aillouiitcd lo £731,370 Relief in Need amounled l() £9,807,411 (2022: £6,463,404). (2022.. £68S,1192). 9022.. £9,191,742). As detailed in note 14 each of the fiii)ds is irsti-icted lo Ilie piirpose sel oul in Ihe 'fi'ust Deed. Ri.gk Managgmenl 'rhe 1'ruslees review th¢ risks facing the charity each year with reference to pi'operty investment and Almsliouse management {includinL) h1th and safety) and these are monitored on a rcgular basis.
UXBIIIDGf. UNITF.D wfi.LFARf. TRIJST A Compaiiy Liiniled by GM#i'ai)lee Plans for futui'e period Almjlioiis'e i'edevelopineiil The rebuilt Almshouse, which ivas completed in 2022 provides higli quality flat accommodation for Almsl)ouse residenlg, coinpai'ed io tlie pi'evioiis bedsils. Iy] ciddition, tliere (il'e number of high-quality flats available for rent to the eldei'ly. "I'he Tru.st will mainldiii Ilie new Aliiishouse in good condition, with the expectation that it will have a useful life of a hundred plus yeai's. Structurei governance, and management Uxbiidgc lJnited Welf(Ire Truft is a gFI'ant giving and ali almshouse charity regulated by a scheme of ihc Cliai-ily C.()niniissioiiers, cliaiily i'egistralion nuinber 1181683-1. The fii'st g7ifts lo Uxbridge chai'ities dale back lo Ilie Tiidoi. pei'iod, aiid over tlic following ccnturies furtliei- gyifts were niade, iiicluding tIIL pi'ofits of an established cori) market in Uxbi'idge lown centre, whicli were vested in a ch1( I'itable fijnd for ihe g?enei'al benefit of the poor people in th¢ town. The market rights and Inanoi'ial lille were eventually passed to a group of ti'ustces who became knowii as tlTre "Lords in'friist of tlie Manoi. and Borough of Uxbi'idgTe" The curr¢nt chai'ity Structui'e of thi'ee sections begTdn iii 1906, when a Chaj'ity Commission scheme created lJxbridgye Unit¢d Cliai'iti¢s aiid bi'oug7ht togetlier TS)e M<qnor and Borougli Charities.'Ihe C'liarity of John, Lord Ossulton and The Charity of Michdel P¢arce. Tbis was followed in 1907 when the maiiagement and adininistration a fiirthei. l O charities wei'e transferiyd to the Uxbridge United Tiustee.%. These chai'ities were tlie gifts ot William Skydmore, John Marsh, Robert Woolman, Jolin (iai'i'¢ll, Sir Geoi'gje Gai'i'eti, Geoi'bje Pitt, Johii Clarke, John Hill, The Poor Allotment (I log Moor) Enclosui'e Award and Williani Wells. Fii)tilfiy, the-adininisti'ation and maiiagement of T'he Charles Woodbridge gift, Tlie Sarah Hiintei- gift and Tlie Foundalion of Hemy Fell Peasc were traiisferred to thc lJxbi'idLie United Ti'ustees in the early p(Ilt of the twentieth ceiitury. The chai-ity today Irm<iii14 fiscally ind#pendent, rcceiviiig no income fi'om &Fovernment girants or public appeals. l-lie ti'ustecs seek to conlinuc the ch(ii'ilable intLnlionb ot Ilie early beiiefactoi's t.Ough careful stewardship ofthe cl)arity's reqoiii'ces. The Lliarity's scherne specifies that the Trnst can have up lo nine trustees, wlio may serve a niaxiiiiuiii tlu'ee tcrms of foul. yeai's cach. The Lharity's decisioii-iiiaking process is catTied oiit via regiilar bo(Ird Ineetings, with the Geiiei'al Manager in allendaiice. The day-to-day activities ol-tlie Ti'usl SULIi db pi'operly niaiiagenient al'e administered by the CEO, with the aqsistanLe of il Pglrt tiine Finance Offieei. and a pait time Clei'ic¢il Oleer. Tlie pay of the CEO and otliei staff al'e set by ihe Tiiistces. To help Trustees to gel ti) kilow tli¢ alnis110115c I'esidents aiid Ihcir needs, all are encoui'dged to -join in wilh Ihe full l'ange of oiitings, social activitie5, an(1 lunLhes. New I'ruslees are provided with an induction P¢ick, giving intormation about the TSt, Tru5t¢¢'s responsibililies, etc. "Ime Trust cover.s ihc cost of TYii8tees attendance al IraininLF seminars aiid makes available rcacling niatei'ial 5ULh a.q Almshouse illaLtrazines.
UXBIIIDGE Ut+41'rii'l) WELFAiir,'rRUST A CompAny Liiniled by Giiarantee Trustees, respoii%ibilitie8 Thc triislees, wlio arc also tl)e director% of ilxbridge ljiiiled WLlfare"I rust loi. tIIc PLirpose or Lollip¢llly law, al'e rc.4pon%iblL toi. prepai'inuF tl)e I"ru%lees' Aniiuiil Ileporl (iiid Ilie financial slcltLmLnls in acLord(IiiLe willi applicable l(Iw aiid Uiiited Kin&Jdoin Accounting StÉlndards (United KinLydom (ieiier¢illy Aecepted Accoiiiiting Pi'actice). Coiiipany law i'eqiiires the Irustees lo i)I'eparL fiiiancial 8laleminls foi. each finaiicial year whic51 give a true aiid fail- view ofthe 8lale of atTairs ()[' the cliaritable Loiiipdny and of tlie incoming resources (Ind dppliLulion of I'L%oiircLs of ilie Lli¢ll'ilable comp<iny fui. that perii)d. Iii pr¢paring these fiiiaiiLial slatLments, the trustees al'e i'eqiiii'Ld io.. .%elect siiilable accouiiting pulicies aiid then diipI)I them coiisistently. obsei've the nietliods aiid priiiciples in tlic Chai'ilics SOIIP. Inake judgTein¢i)Is and estiiliales Ilidt al'e i'easonable and prudent. slate whLlliei' 1¢ pplicable accouiitinL) standaids have been followed, 5ubjeLt to any m<2tei'ial depailurL'S discl()sed (incl ¢xplaiiied in tli¥ Iiiiaiicial st(Iteinent%. prepai'e Ilie tindncial slatenieiit% oil Ilie going conc¢ri) basis unless it is i111< ppropriate lo pi'e8uiiie tli¢lt IIIL cliai-itable coii)pdiiy will coiiliiiue iii opei'ation. 1.he ti'ustees are responsiblc foi. kecping pi'oper aceolinlingy records that disclose with I'easonable accui'acy at aiiy liine the fiiianeial po%ilion i)r IhL Lhai'ilable LOliiP4iny and enable Ili¢ni to eiisure that the financial slatenieiit% Loinply willi tlie (,'()nip1c Iiies Act 2006. Tliey are also rcsponsible foi. safegFuardingJ ihe asset5 01-the Cliai'ilable coinpaiiy aiid hence foi. taking reasonable sleps for the pi'eventioii and (lelectioii of fraud and other irregularities. St#tement of disLlosuJ'e of ijiforination to allditors So fai. ils ¢aLlI of tlie "frustees at tlie tiine the itport is approved are aware.. tlicrc is no relevant aiidil infoi'mation ()r whiLh tlie .1 rusts. auditors are unaware; and the Ti'u5tec8 liave taken all Ilie %leps 11)at th¢y ouglit to have lakLn to niake tli¢mselves awai'e ol. any relevaiit audil inforiii(itioii aiid to eslablisli Ihai Ihe'l'rusts, auditoi's arc aware of that iiilonn1< lion. Auditor$ A i'esolution to i'e-appoiiit Ward William5 as aiiditoi's will be pi'oposed at Ilie Annual General Meeling. +igned on behalf of c Trustees: l Bocock (ChairmAn of the Trustees) Morris (Ti'elisurer) Dated: LO SLpiemb¢r 2024
UXIIRIDI: . UNlI'Tr:i) wfi,LfiAiir.'rRUST A Coiiipuny Liiiiilwl by Guxranlee Independent Audit(br's Repoyt to the Trustees ol. Uxbridgve United Welfare Trust Opinion We liave diidited ilie findllLial statciiiciits ot. Uxbridgc Unitcd Wcltai-e TINst (Ihe 'charitable coinpany,) foi. the yeai- cndcd 31 December 2023 ivhiLli coniprise %lalLinent of tiiiai)oial aclivities, balance %heet: statemenl ol cash flow5 aiid notes to Ilie fii)ancial stateiiienls, incliidiiig (i sumniary ()f sigyi]ifiLanl (ILVOL]Iltiiig policics. The fiiiancial reporting frameivork tliat has been applied iii tlieii. pr¢paration is applieablc law and lJniled Kingdoni Accoui)ting Slandaids. including Financial Reporting 8tand<iixi 102 IliL' b"intincial Reijoi-linsy Siandai'd appliLnble in ihe UK and RLJ?uliliL o/'Ji'Llund {UniCed Kiiigdoin GLnerally Accepl¢d Accoiinting Practice). In our opinion the financial slalemeiits: give a truc ai)d fair viciv of the statc of thc cliai'ilable company's affairs as ai I l Deceii)ber 2023, and of its incoming resoiii'ccs and app13Latioii of i'esourLes, lor the yeai. then elided. have been pi'opei'ly prepared in accordancc wilh United Kingdi?m Crenerally Accepted A¢¢ollnting Practice; and have been prepared in accordance witli the rcquirements of Ihe Coinpanies Act 2006. BASIS fur opinion We conducted oui- aiidit in accordance wilh Internalioiial Standai'ds on Auditiiig (UK) (ISAS (IJK)) and appliL(ible law. Oiii. i'espoiisibilities iiiid¢i' tho.se standaids are fLlrthei- described in the Auditor's i-¢¥ponsibilitlC5 for tl)e aiidit of the financial sl8lemenl% section of ()ur report. We are indepei)deiit of tlie Uxbi'idge lJnited Welfai'e Ti'usl in accoi'danLe with the etliical r¢quii'emeiils thal are relevant to our audit of Ihe fiiianLial stateivents in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other cihical resi)on8ibililies in accoi'danLe with these reqiiii'emeiits. We believe ihat ihe ¢iiidil evidLIiLe iiie l)ave obtained ¥uffiLient and appropi'iale to provide a basis f()r oiir opiiiioii. Coneliisions relatin% tts gi)ing LonL¢rn We have nothing to report in respect of the following matters in l[lI10n to which the ISAS (UK) requirc us to report to yoii where- th¢ trnstees, us¢ of the going concern basis of accounting iii the preparation of Il)e financial 5tatemenls is not appi'opriate; oi. tlie trustees have not disclos¢d in Ihe financi¢11 slalements any identified material uncertainties that m(iy cast significant doubt about the charitable company's ability to contiiiue to adopt the gFuillg7 conLern basis of accountiiig for a period of at least twelve n]onihs froin the dale wlieii the financial statements are alithol-id for issue.
UXBRIDGL UNI'i'fi.D WEI LFARC 'fiiusT A I"tsn)p3)iiy Limited by Cyuarantve Other inforination The Irustee5 are I'ebl)oiisible foi- Élle otliei. iiiforiiiation. I"he ollier infonnation Lomprise8 tlie infoi'ination included in the trustees, annual report, oilici. than the fiiiancial staleinenls and our auditoi s i'eport thLI'eon. Oui- ()pinioii on the finanLial stateiiientfj does not covcr Ihc otliei- infonnalioi) and, except to the extent othenvise explieitly stated in our report, we do not express any forin of assurance conclusion theiEOII. In connection with oui. audit of the financial statements, oiir responsibility i.s to read ihe oihei. infoi'inalion and, in doing so, consider whether the oihei. inlormation is iiialerially inconsisteiit with the financial stalemcnts or our knowledge obtained in tlie audit oi. othei'wisc appeays to be matei'ially mi88lated. If we id¢iitify Slich material inconsistencies or apparent material Ini5St<tt¢ments, we ar¢ itquii'ed to deterniine whether 11)ere is (i malerial misstateiiieiit in the financial statemenls or a matei'ial misstalemenl of the olhei. iiiforiiiatLOlI. If. based on the work we huve perlormed, we L()iiclude thilt there is a nial¢i'ial misstaten)ent of ihis other information. we are required to repoit that fact. We have nothing lo repurt in tliis regTard. Matters on which we are required to report by ex¢epÉioD We have nothing) to i'cpoit in respeel of the following matter8 iii relation lo whieh the Charities (Accounts and Reports) Regulatioiis 2008 require us to r¢poi't to you if, iii our opinion: the intormation given iii the finaneial slateinents is inconsisteiil in any malei'ial respect with the tNstces' report; oi. sufficient accounting it¢ords have not been kept. or the fii]aiicial stalements are not in agirement widi the accoiinting record8. or we have iiot received all the iiifotynation and explanation5 ive require for our aiidil. Rcspijnsibilities of Irustees As explaine(I mol'e fully in the trubtees, 1'¢5poiisibilitieb statement. the Iriiglees, who dl'e also the directoi's of Uxbi'idge United Welfare I nist for tlie i)ui-pose of coimpaiiy lilw, are responsible for the prepargttion of finaiici<21 slaleinents whiLlI give d Iriie aiid fair view. and foi. sueh internal eontrol as tlie truslees Llelei'iniiie is necessai'y lo enable the pi'epai'cltion of financi(Il stalements tliat ai'¢ fl'ee from malei'ial nii.%8tatement, whether due to fi'aud or ei-ror. In preparing the financial stat¢meiits, the ti'iislees are responsible for asse8singF Ihe charitable compaiiy's ability to coiitiiiue as a &Joing concei'n, disclosingy, as appliL'c1ble, In¢lttei's I'elated to oiiig concei'n and iising the going concern hasis of acLouiitiiig uiilcss the Ii-LlStee% ¢ither intend to liquidate ihe charitdble Lonipaiiy or to cease opei'ations, or l)ave no Italislic alte1'ntiwe but to do so.
UXBRIDGE UNITED WEI,FARF, TRIIST A C.oinpaiiy 14iniiled hy Guaraiitee Audittsr's responsibilities foi- tlie audit ol. the finaneial statements We Iiave beei) appointed as audilor uiid¢i' section 144 of the Cliarities Act 2011 and repoit in accordancc willi i'egJuldti()ns iiiadc iiiider 5¢Ctioii l 54 of tliat Act. Our objectives are to i)biain reu%onable assurance about whether thc fiiiancial statement8 as a whole are free fi'om material Inisstatviiieiil, Ivliether diie to fraud or eii'or, and to issu¢ ali auditor'b I'eport that iiieludes our opinion. RLasonable d,ssufdllC¢ Ib a higli levcl of assurance, but 15 not a giiarantec that ali audil L()nducled in aLLordance wilh ISAS (UK) will always delecl a nialeri<il misst(Ilttment wlien it exists. Misstatenicnts cali ai-ise froill fi'tiud or ei'i'oi. and are considei'ed material if, iiidividually oi. iii the aggregale, Ihey could r¢asoiiably be expected to iiiflu¢nce tlie ecoiiomic decisions of users lakeii on the basis of these financial slatemenl5. Irregulai'ities, including fi'aiid. al'e iT]slances of noii-conipliance witli laws and i'egulatiotis. We design pi'oceduirs in line witli oiir i'csponsibililies, oulliiied above, lo detect inalei'ial misstatements in respecl i)f irregTrulai'ilics, iiiLluding fraud. The extcnt lo [hICh our pi'OLedurcs ar¢ capable of deteLtingi irregularities, ineliidingy fi'aud. is det(iiled below. The objective8 of our audit are to idciitify and assess the riskq of mat¥rial iiiisslatement ol the rinancidl stalen)ents diie to fraud or ei'roi" to obldin sullicient appi'opi'iate audil evidcnce i'egarding the assessed I'isks of m(Ilerial niisslaleineiit due lo fraud or eri1. aiid to respond approprialLly to thusc risks. Owing to th¢ inhei'ent liinilations of an audil, tliere is an unavoidable risk Ihat material misslal¢iiients iii tlie financial stalemenls niay ii()t be delected, even though the audit is properly planned and perfoi'ined iii accoi'dance with the ISAS (UK). In ideiitifying and assessiiig risks of material n)isslatemenl in i'espect of irregulai'ities, including fraud and noncompliance with lamis aiid reL)uldtion%. our pi'ocedures iiicliided the lollowiii¥'. We obtaiiied an undei'staiidiiiby of the legial and regjiilatory li'amewoi'ks applicable to the charitable Company aiid the seLlor in which they opei'ate. We dcteriiiined that the following were n)osl sigJnificai)t: the Companies Act 2006 and the Charities Act 2011. We oblained an undeiEtandtng of how ilie company air complying with those legal and regulatory fi'amewoi'ks by niakiijg iiiquii'ics lo the Inaiiagenieiit of Ihe cl)arilable coinpany. We coiroboi-ated our iiiquirics Iliruugh Olir revi¢w of correspondcnce during our audit woi'k. We assessed thc susceptibility of tlie charitable company's fiiiancial statemcnls to material misstatement, including how fraud niight occur. Audit procedures performed included: idei)tifyin&T and asse%siiiby the desigJn effectiveness of eonti'ol.% managenient has in i)Ic1Le t() prevent aii(I detect fraud; o unclei'standiiig how Ihosc chai-ged witli glovernaiice considered and addressed the potential foi- overi'ide Of controls or other iiiappiopriate infliienLe over the financial repoi'ting, pi'oces5- o cl)alleiigingF assuiiipti()iis and jiidgeiiients made by In¢li]agein¢iit in its significant accoiinting L%tiinales- o id¢ntifyiii&) and lesting joui'iial entries, in pai'liculai. joiii'nal entries posted witli unusual accoiint coiiibinalioiis; ai)d o asse5siiig tlic exlent of Lonipliance with Ilie relevant laws and regFiilatioiis.
UXBRIDGI,; UNI'rri D WLLFARf.'J'llUST A Conipany Lifftiied by CJiiarai)lee A fiirlhei. desLriptioii ot'our i'esponsibilitics lor IIIL audil of thc financicql statemeiits is localed on the Financial Rcpoiting Council's WLbsite at.. www.fi-L.oi'g.uk/auditorsi'es5)on4ibililies. Tliis desci'iption foiins pail ot our auditor'% report. Use of our report I"his reporl is made solely to tlic ¢liai-ity's trustccs, as a body, in accordanue with Pai'l 4 of tl)e Charities (Accoiints and Reports) Regulations 2008. Our dudit woi'k lias been undLrlakeii so that we Inight slate to the charity's trnstees tliose matter5 we are irquired to stute to them in an auditoi s I'eport and foi. no otliei- piirpose. To the fiillc51 extent peirnitled by law, we do not accept or assume rLsponsibility to aiiyone otlier th<g1l tlie chai'ily rfind tlie Lhaiity'b trust¢¢% as a body, for our audit woi'k, for this repoil, oi. foi. the upiiiions we have formed. Colin Hamilton (Seninr Statutory Audiloi.) For 2nd on behalf of Ward Williams C.'hui'lei'Ld Ac'cuiinlunls Slalulopy Aiitliloi. Belgrave Hou 39-43 Monument Hill Weybridge SuiTey, KT13 8RN 23 September 2024 l.l/ard william.s is eligible lu uiidiloi. in leriS ofseclion 1212 of ihe Coinpanies Acl 2006.
LSX8RIDGE UNITEDWELFAIE TflV5T Actsmpany1imiled byluèrantte StatoThentol Flnanclal ACtl¥ItlesforthÈY8aTfdÈd 31 Oe¢embJer20I5 Ae5111tted Fund AlmshJus¢ Rtt5trlrted Fund ke5trk1d Fund Fund td Ossulton 1023 Fund rd Funds FtsnL¥ A1rn5house Noed 1022 Note5 2023 2022 Z027 2021 2023 2022 InconETs0iCgs Incthnln9 rt50Urieslroft)gtMerotedlund5 376ffi94 154.991 121 149.9)9 202,261 63 374694 591572 462 149.9U5 583.724 183 30A66 2d 2fi676 406.114 a17 354.787 iii Olh¢f Ihw51mpnt Income S31,807 3%2.213 30,4 16.685 406,431 354.898 968,728 733.81É R•sour£o5 Bxpended Inve5trnent prDpertyexpenses Mana8ement & adtninlstrètion 37,564 12,040 92,784 18,685 7,3¥1 2.367 98.426 31,549 L52.079 30,626 143,373 45,956 256.301 ChnriiqweocitvltS AlmthDJSp eipeDses Awaids&efant5 Mmag2mpnt& admlniS(rJiion 563,11S 372,868 565.81$ 413,017 51,940 372,86E 38.340 53.774 6,451 4,323 36,593 34,017 51, 53,774 Governanie r05t5 Managemont & admin15tration Id7 6S5.S 302 538,413 29 16.231 37 IB,JQ2 385 166.953 494 217,216 561 868.692 833 773,731 Net InLvmln8ftsour¢ubeforetlansfers ijsaM91 14,157 8,583 239,478 137,682 IWOJ6 139,9151 T¢èAsfers be¢ween tund5 NeiincomSnE r¢5awce5 lorthEVtar 154,699 186.1801 14,257 239,475 137.682 IOD036 39.9J51 140,563 3,010 Iq3,513 27,610 591 28,121 536.500 11,485 547,985 Reall&ed & uhrEalised Investmenig3invloS 16,0921 7M4 315,191 IEO,99JI 80.9WI 1136,4941 Nei movornEnt lTrfunds 14 4L478 2,491 615.669 54692 64&021 11?6,4091 Balance5 brou8htfoT4arJ ai i January202a 465,4Q4 6.698.9% 6BB.192 686.401 9,191,742 9.135,U%O 16.344.038 1&520,447 6 453 278 6.463 404 731,370 688.891 9.807,411 9,191.74R 1&992,059 16,344.038 The ststemÈnt af lin3hdal actlvltloslnclude5all gakns and hsses recoEni5ed in IhE yparan¢ therelare a £taiemerti of comprehensth In¢Drne h?5not bpEn prepared. Thesi?iement of financ1 a¢1511t5 •150complleS wlth the rewiruncntsfor dh Incomg and oxpcndituie a¢¢ount undEI the ConipaTrle5A¢i 20ffi.
UXBRIDGE UNITED WELFARE TRUST A company limited by guarantee Balance sheet as at 31 December 2023 Notes 2023 2023 2022 2022 Fixed Assets Investment properties Fixed asset investment 9,991,296 13.415,500 9,337,175 12,879,000 323,992 22,540,167 23,406,796 Current assets Investments Debtors & prepayments Cash at bank and in hand io 39.253 127,820 167,073 35,226 599,204 634,430 Creditors: amount5 falling due wlthin one year li 336,127 432,276 Net current asset5llllabilitiesJ 1169.054) 202,154 Total assets less Current Ilabllities 23,237,742 22,742,321 Creditors.. amounts falling due after more than one year 12 6.245.683 6,398,283 16,992,059 16,344,038 Restrl¢ted Funds Relief in Need Lord Ossulton Almshouses 14 9,807,411 731,370 6,453,278 16,992,059 9,191,742 688.892 6,463,404 16,344,038 Signed on behalf of the Trustees: 18ocock (Chairman of the Trustees) ARMO r55 (Treasurer) Date 20" September 2024 Company Regislration No, 11545982
UXBRIDGE UNITED WEIFARE TRUST A company limited by guarantee statement of Cash Flows for the year ended 31 De¢ember 2023 2023 2022 Total Funds Total Fund5 Cash Ilows from operatlng actlvltles Net tash provided by (used inl operating activities IA) Table I 1486A861 1512,8951 Cash flows from investlng actlvltles Dividemjs, interest and rents fi.om investment5 Proceeds from sale of propert¥, plant and equipment Purchase of property, plaftt and equipment Prtsceeds from Sale of investments Purchase ol investment Net cash provlded by Iu5ed In) InvestlnB activltles IBI 591,572 583,724 5UO.000 1759,3471 12,020,183) 335,477 1,066,631 167.702 130,172 Cash flow Irom linancSng actlVLties Repayment5 01 borrowing Cash inflow5 from new borrtswing Receipt ol endowrnent Net cash provlded by lused In) flnanclng actlvitie5 It) 1152,61)01 530,860 1152,6001 530,860 Challge In cash and cash eqylvalents In the reportlllg perlod IA-B-CI Chanee in cash and cash equivalents ai thtr beginning Df the repofting period Chan£È in cash and cash equivalents due tD eKch3noe rate rnovÈment5 ChanBe in cash and cash equlvalents at the end of the Yeportlng period 1471.3841 599,204 148.137 451,067 TablÈ 2 Table 2 127,820 599,204 Table I: Re¢onclllatÈon of net Incomelexpenditure to n¢t cash Ilow from operatIg a¢tlvlties Net income/expenditure for the reporting pÈriod Adjustments for: Depreciation charges IGaln5llLosses on investments Dlvidends, interest and rent5 from investrnents Lossllprofitl on disposal ol fixed asset5 Lossllprofitl on demolilion of Almshouse Ilncreaselldecre3se in stocks Ilncreaselldecrea5e in debtors Increaselldecreasel in creditors Net cash provided by (used Inl operat4ng artlvltle5 648.021 1176,4091 105,216 41,724 1547.98S 136,494 1591,5721 1583,7241 14,0271 6,822 196,1491 62,198 1486,4B61 1512,8951 Table 2.. Ana5y5is of ¢ash and cash equlvalent5 Cash in hantj Notice deposits- less than three months Overdrzft facility repayable on demand Total ra$h and cash eguSvalents 127,820 599,204 127,820 599,204
UX8RIDfjE UNITED WELFARE TRUST A company Ilmlted by guavantee Notes tothe flnanclal statements for the yEat ended 31 DecEmber 2023 l. Accountlng poll¢les The accounts have been prepared under the historical cost conventlon as modified by the revaluation of flxed 355et Investment5, including propertie5. The accounts have been prtpared in a£cordèntÈ with the charity's Trust Deed, the Compaiiie5 Act 2006 and'Accounfing and Repurting hy Charities.. Statement of Recommended Practice applicable to charlties preparing their accounts In accordanre with the Financi31 Reporting Standard app1ic3ble in the UK and Republic of Ireland IFR51021' (published In October 20191. Income Income frum property15 accounted for on an oc¢ru31s basls. Income from Investments is a£counted for as the relevant Inctime falls due. Donations. gift5 and legacies are accDunted for when received, Income is split between the varlous lund5 in accordance with thelr percentage of the total 3t the Start of the year. Relief in Need 68.65%. Lord Ossultoii 5.15%. Almshouse 26.20%. Expendlture Revenue expend1ture is accountÈd for on an accruals bèsis. Charitable expenditure 15 acrounted for wh4n a commitment to make 3 donation or olher payment is established. Investments Fixed asset Investment5, Intludlng investrnent propÈrties, are iDc1uded in the balance sheet at market value. ChhTrEÈS in v81ue are recorded in the st3tetnent of Financi31 ActivitiÈs. FIMed Assets Fixed assets are stated at cost, valuation, or estimated market V31ue at the time of receSpt where asset5 aye donated to the charlty. Depreciation is prDvided to write off the cost of a55ets over their expected uselul live5 35 follows.. Almshouse Property- 1% p.a. str3i8hi line Almshouse Furniture & Fittings- IO% p.a. 5trèlght line Office Furniture & FittinES- 25% p.a. written down value Nts depreclation Is provlded on freehold properties held for Investment purposes. Funds The dÈtalls and nature of Eèch fuiid are Set out in note 14. Llnked Charllles In August 2018 a new limited company'UKbrid8e United Welfare Trust, was formed with the Intention of transferrin8 all the assets aiid liabilitSes of the unincorporated charlty to the new limited compèny. During the course of the legal work to enable this to happen, it was found that dye to a covenant on the Almshouse slte it could not be transferred. A5 suih the old unincorporated charity and the new limited company chaTlty have been Ilnked. For accounting purposes they are treated as one. Golng concern At the tlme of approvlng the linanclal statement5, the Trustees have 3 reasonable expectation thèt the haritable company has adequate restsurces to £ontinuÈ In operational existence for the foreseeable futUTe. Thu5, the Trustees continue to adopt the etring concern basis of accounting lrt preparing the financial stètement5. 2. Almshouse expenses 2023 2022 Water. L & H, Insurance and telephone RÈpairs and maintÈnancÈ Oepretiation of Almshouse Legal and professional Residents trip5, welfare and miscellaneous Loan interest 3Q,626 41.509 20,729 4.878 102,541 39,507 14.200 21,448 8,733 10,202 406,986 255,324 583,815 372,868
UXBAIDGE UNITED WELFARE TRUST A company Ilmited by guarantee Note5 to the flnanclal stalements for the year endod 31 December 2023 3. Grant5 & applicati¢Jn 5UPPOrt 2023 43,047 2022 38,340 Tot81 Grants Split as follows.. Relief Sn Need Fund- hardshSp relief Lord Ossulton Fund- educational 36.593 6,454 43,047 34,017 4,323 38,3410 The total number of grant5 given was as follow5.. 20Z3 2022 Relief in Need Fund- hardship relief Lord 055ulton Fund- educational 61 io 71 51 57 Grants for hardship rellef are made to individuals and gTOUP5 usually in the lortn ol Èssential household goods, or similar items. Educational glat$ to individu)Is are primarily lor ElothinE. books, course fetrs and similar Items. In 2022 the rnain educatiDnal grant5 were for laptop cornputÈr to 3SSlSt with rernotÈ1e3rnin8. 4. Governance costs 2013 2022 150 5,700 2,700 833 9,383 Legal and prole55ional fees Audit fees Accountancy Trustees expenses 73 9,000 3,150 561 12,784 5. Trustee and employees remuneration and Telated party transactlons Trustees Payments amtsunting to £012022.. £01 were pald toTrustee5 In relaiion to service5 provided in a profe55i9nal capacity. T¥ustees expeAse5 2023 190 2022 Conference Misc Refreshment5 214 157 561 833 833 Efflploye 2023 2022 124,382 127.964 5.467 6,473 129,849 134,437 Wage5 and salaries, includlng social security costs Employers pen51Dn tontribution5 The avÈrage number of fu11 time equivalent employee5 durlng the year was 212022.. 21. Related party transactlons During the year the Trust made a donation to the Rotary Club of Uxbrldge Trust Fund of £3,15012022.. £Nill in r@cognition of the 3ccountsncy WOTk carrled out by one of tlie Trustee5, M* A Morris lor the Trust. Mr Morrls Is a Trustee of th2 Rotary Club'of Uxbridge Trust Fund. As part of the re-bulld process on 17th May 2018, the Trust formed a liniitÈd company known as UUWT New Bulld Ltd. In order that it Cguld recover VAT on professlDnal fees. During the year. the rompany invoiced the Trust a sum ol £Nil12022.. £48,552> and made donatlons to the TNst ol £NII12022.. £6,340).
UXBRIDGE UNITED WELFARETRUST A company lim5ted by guarantee Notes to the Ilnanclal statements for the year ended 31 December 2023 6. Fixed assets. tangible Almshouse5 Original F&F I%SL io% si Office F&F 25% WDV Total Land Cost or valuation At 01.01.2023 Additions Disposals Transfers 9,353,076 757,900 12.866 1,447 28,215 9,394,157 759.347 10,110,976 14,313 28.215 10,153,504 Depreclatlon At 01.01.2023 Charge for the year Disposals Twansfers 38,971 ioi,iio 536 1,431 17.475 2,685 56,982 105,226 140,081 1.961 20,160 162,208 Net book valuation 31 December 2023 31 December 2022 9,970,895 9,314.105 12,346 12,330 8.055 9,991,296 10,740 9,337,175 As reported e15ewhe¥e, the Tru5tee5 have completed work upon a scheme to redevelop the Almshouse. The Almshouse was completed in July 2022 and therefore has begun being depreciated over 100 years from that date. It is the Trustees wish to include a value for the land occupied by the Almshouse and it is hoped thls cèn be included in the 2024 account5, now the new Almshouse is complete. The Trustee5 have an Indicatlve valuation of £l.S to £2 million. 7. Plxed a55et Investment- Property Cost or valuation At 01.01.2023 Additions Improvements Revaluation Dssposèls 12,879.000 536,500 13,415,500 Depreclation At 01.01.2023 Charge for the year Disposals Net book valuation 31 December 2023 31 Decembor 2022 13,415.500 12,879,000
UXBRIDGE UNITED WELFARETRUST A company limlted by guarantee Notes to the flnancial statements for the year ended 31 December 2023 8, Flxed assets Investments CCLA Investment Funds Inve5tec Total C05t or valuation At 01.01.2023 Additions Revaluation Disposals At 31.12.2023 323.992 323,992 11,485 1335,4771 11,485 133S,4771 9. Current assets Investments The trust does not currently hold any current asset investments. 10. Debtor5 2023 2022 Rents receivable Rents bad debt provision Sundry debtor5 Prepayments 20,401 18,051 9,264 9.588 39,253 12,492 4,683 35,226 11. Credbtors.. arnounts falllng due wlthin one year 2023 2022 Trade credltors Accrued expenses Deferred income - rents invoiced in advance Taxation and social security Sundry creditors 242,309 10,483 54,085 3,433 25,817 336,127 345,955 13,752 43.962 2.891 25,716 432,276 12. Credltors: amounts falling due more than one year 2023 2022 6,245,683 6,398,283 Bank loan The bank loaff is repay3ble by 20 December 2046 and interest is being ch&rged at the aggregate of the base rate and 2.75% pei annum. The loan is secured by two fixed charges dated 20 December 2019 over the freehold properties of the charltable company and both contain a negative pledge.
UXBRIDGE UNITED WELFARE TRUST A company Ilmtted by guarantee Notes to the financlal statement5 for the year ended 31 De¢ember 2023 13. Capltal commitment5 There were no capital commitments at the year end12022- none). 14. Restricted Funds Relief in Need A detailed description of the Relief in Need fund is given in the Trustees report. The fund is Eoverned by article 43 of the Trust Deed. Lord Os5ulton The income from Lord Ossulton fund is to be applied in promoting education in the area of benefit, as detailed in article 45 of the Trust Deed. Almshouse The Almshouse accumulated fund is desiBnaled for major refurbishment and repairs and the redevelopment of the whole site. Realisedl Unreallsed Incomlng Resources Revaluation Investment Bal clfvjd resources expended of propertie5 gains/105ses at 31.12.23 Bal blfwd at 1.1.2023 Relief in Need 9,191,742 406,431 1166,9531 368,307 7,884 9,807,411 Lord 05sulton 688,892 30,490 116,2331 27,630 591 731,370 Almshouse 6,463,404 531,807 1685,5061 140,563 3,010 6,453,278 16,344,038 968,728 1868,6921 536,500 11,485 16,992.059