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 eli￿11Y 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) h￿1th 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 O￿leer. 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 T￿St, 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-i￿d 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'n￿tiwe 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 eri￿1. 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 leri￿S ofseclion 1212 of ihe Coinpanies Acl
2006.

LSX8RIDGE UNITEDWELFAIE TflV5T
Actsmpany1imiled byluèrantte
StatoThentol Flnanclal ACtl¥ItlesforthÈY8aTf￿dÈd 31 Oe¢embJer20I5
Ae5111tted
Fund
AlmshJus¢
Rtt5trlrted
Fund
ke5trk1￿d
Fund
Fund
td
Ossulton
1023
Fund
rd
Funds
FtsnL¥
A1rn5house
Noed
1022
Note5
2023
2022
Z027
2021
2023
2022
Incon￿￿ET￿s0￿iCgs
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
Chnriiqweocitvlt￿S
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 Investmenig3invlo*S
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 brou8htfoT*4arJ 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 financ￿1 a¢1￿511t5 •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 operatI￿g 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 gla￿t$ 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