OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-12-31-accounts

UXBRIDGE UNITED WELFARE TRUST A Company Limited by Guarantee

REPORT AND ACCOUNTS

FOR THE YEAR ENDED

31 DECEMBER 2024

Company Number 11545982

Charity registration Number 1181683-1

UXBRIDGE UNITED WELFARE TRUST A Company Limited by Guarantee

Reference and Administration Details

Trustees and Directors Alan Morris
Andrew Longhurst
Ian Bocock (Chair)
Peter Davies
Wendy Walker
Simon Nash
Siobhan Dewar
Chief Executive Officer Dominic Gilham
Registered Office Ossulton Court
New Windsor Street
Uxbridge, Middlesex
UB8 2TD
Charity number
 1181683-1
Company number 11545982
Auditors Ward Williams
Chartered Accountants
Belgrave House
39-43 Monument Hill
Weybridge, Surrey
KT13 8RN
Bankers Handelsbanken
Parris House, Watermans Court
Watermans Business Park
Kingsbury Crescent
Staines Upon Thames
TW18 3BA
Solicitors Bird & Lovibond
5 Vine Street
Uxbridge
UB8 1QE

UXBRIDGE UNITED WELFARE TRUST A Company Limited by Guarantee

Report of the Trustees for the year ended 31[st] December 2024

The Trustees of Uxbridge United Welfare Trust, who are also directors for the purpose of company law, present their report and the accounts for the year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies set out in Note 1 of the accounts and comply with the Charity’s Trust Deed, the Charities Act 2011 and the Charities SORP (FRS 102).

Trustees

The Trust converted from an unincorporated charity to a Company limited by guarantee on 31[st] August 2018. Trustees started a new period of appointment from that date.

The Trustees in office during the year and subsequently were as follows:

Alan Morris appointed from 31.08.2018 until 30.08.2022,
re-appointed from 31.08.2022 until 30.08.26.
Andrew Longhurst appointed from 31.08.2018 until 30.08.2022,
re-appointed from 31.08.2022 until 30.08.26.
Ian Bocock appointed from 31.08.2018 until 30.08.2022,
re-appointed from 31.08.2022 until 30.08.26.
Peter Davies appointed from 08.01.2019 until 07.01.2023,
re-appointed from 08.01.2023 until 07.01.2027.
Jane Ellis appointed from 15.11.2022 until 14.11.2026.
resigned 23.03.2025.
Wendy Walker appointed from 15.11.2022 until 14.11.2026.
Simon Nash appointed from 16.05.2023 until 15.05.2027.
Siobhan Dewar appointed from 20.05.2025 until 19.05.2029.

Objectives and activities

The Trusts consists of three separate charities, each with their own objective and activities. Each charity is restricted to residents in the former Urban District of Uxbridge as defined on 31st December 1956.

The purpose of the Almshouse charity remains the provision of an Almshouse.

The purpose of the Relief in Need charity remains the relief of poverty.

The Lord Ossulton’s charity is restricted to the promotion of education for young people under the age of 25 who are, or who have at least one parent, living in the area of benefit.

The objective of both the Relief in Need and Lord Ossulton Charities are achieved via the Trust’s grant giving activities.

The Trustees confirm that they have had regard to the Charity Commission’s guidance on public benefit.

A Company Limited by Guarantee

UXBRIDGE UNITED WELFARE TRUST

Achievements and performance

The new Almshouse, which has been named Ossulton Court was completed at the end of July 2022 and provides twenty high quality almshouse accommodation units, together with a further ten flats that are let on a commercial basis.

The Trust has continued making grants during the year to people in need. The Trustees’ policy is to award grants to individuals or organisations meeting relevant criteria and within the area of benefit, following careful review. Applications for assistance are invited via the UUWT website, by contact with local authority social services, local schools, and other organisations involved with likely applicants. Grants are given by the provision of goods or services required and not as cash. The Trust Deed states the Trust is not to relieve public funds that are otherwise available.

The Trust Chief Executive Officer (CEO), and the Trustees, review grant applications for suitability and help to ensure that applicants have claimed the correct welfare benefits to which they may be entitled.

As detailed below, the Trust owns a substantial property portfolio. The portfolio is managed to provide letting income at current market rates. It is Trust policy to retain properties that provided a good investment return for the long term.

The bulk of the Trust assets are in freehold real estate, both commercial and residential. Most of the commercial properties were built in the late 1700's in old Uxbridge, a Conservation Area. The residential premises comprise Victorian and Edwardian villas adjacent to the Almshouse, some of which have been converted into flats, Newland House a Victorian Baptist chapel, which was converted into 8 self-contained flats, and the flats above shops in Windsor Street. The residential properties are let on yearly agreements and the rents are reviewed every year.

The Trustees objective in holding this property portfolio is to generate capital growth and income to provide the funds required to run the Almshouse and fund the grants given by the Relief in Need and Lord Ossulton sections of the Charity.

There have been no additions to the Trust property portfolio during the year under review.

The Trustees are committed to the maintenance of these properties, to maintain rental income.

Financial review

The Net Incoming Resources for the year was a surplus of £82,840 (2023: Surplus £100,036) and after investment gains and losses, including revaluation of investment properties, a deficit of £55,160 (2023: Surplus £648,021).

A Company Limited by Guarantee

UXBRIDGE UNITED WELFARE TRUST

Financial review (continued)

The net incoming resources for the year before revaluation of investments of £82,840, is a reduction of £17,196 compared to 2023. Although rental income has continued to grow the interest payments on the loan taken out to finance the Almshouse rebuild were £34,141 higher in 2024 due to the rise in bank base rate. Other costs were similar to the previous year.

It should be noted that because of the loss being generated by the Almshouse Charity as a result of the interest on the bank loan taken out to finance the Almshouse rebuild, it is necessary for the Almshouse Charity to be supported by the Relief in Need charity, which in the current year amounts to £198,049. There is no formal transfer between funds but rather the Almshouse Charity share of the overall funds is reducing.

The principal funding source of the Trust is its property portfolio. Property values have increased in recent years, with the Trust maintaining its portfolio to a high standard and underlying rental income has been maintained and increased this year, with property income exceeding a million pounds for the first time.

Grants paid in the year amounted to £59,351 (2023: £43,047). In addition to grants paid, staff provide advice and support in respect of benefits and other options available to claimants and assist with assessing applications for grants made by the Trusts.

As part of the plans to finance the rebuild of the Almshouse, early in 2017 the Trustees put in place various cost saving measures. Principal amongst these was the decision to restrict general grants. The level of demand for grants continues to increase and the Trustees are pleased that they have been able to increase the level of this expenditure again this year.

Reserves

The Trusts’ income from its property portfolio is more than sufficient to meet the day-to-day operating costs and grants expenditure. As such there is no requirement to hold a cash reserve.

The balance attributable to the various funds at the year-end is as follows:

Almshouse amounted to £6,226,843 (2023: £6,453,278). Lord Ossulton amounted to £741,595 (2023: £731,370). Relief in Need amounted to £9,968,461 (2023: £9,807,411).

As detailed in note 13 each of the funds is restricted to the purpose set out in the Trust Deed.

Risk management

The Trustees review the risks facing the charity each year with reference to property investment and Almshouse management (including health and safety) and these are monitored on a regular basis.

A Company Limited by Guarantee

UXBRIDGE UNITED WELFARE TRUST

Plans for future periods

Almshouse redevelopment

The rebuilt Almshouse, which was completed in 2022 provides high quality flat accommodation for Almshouse residents, compared to the previous bedsits. In addition, there are number of high-quality flats available for rent to the elderly. The Trust will maintain the new Almshouse in good condition, with the expectation that it will have a useful life of a hundred plus years.

Structure, governance, and management

Uxbridge United Welfare Trust is a grant giving and an almshouse charity regulated by a scheme of the Charity Commissioners, charity registration number 1181683-1.

The first gifts to Uxbridge charities date back to the Tudor period, and over the following centuries further gifts were made, including the profits of an established corn market in Uxbridge town centre, which were vested in a charitable fund for the general benefit of the poor people in the town. The market rights and manorial title were eventually passed to a group of trustees who became known as the "Lords in Trust of the Manor and Borough of Uxbridge".

The current charity structure of three sections began in 1906, when a Charity Commission scheme created Uxbridge United Charities and brought together The Manor and Borough Charities, The Charity of John, Lord Ossulton and The Charity of Michael Pearce.

This was followed in 1907 when the management and administration a further 10 charities were transferred to the Uxbridge United Trustees. These charities were the gifts of William Skydmore, John Marsh, Robert Woolman, John Garrett, Sir George Garrett, George Pitt, John Clarke, John Hill, The Poor Allotment (Hog Moor) Enclosure Award and William Wells.

Finally, the administration and management of The Charles Woodbridge gift, The Sarah Hunter gift and The Foundation of Henry Fell Pease were transferred to the Uxbridge United Trustees in the early part of the twentieth century.

The charity today remains fiscally independent, receiving no income from government grants or public appeals. The trustees seek to continue the charitable intentions of the early benefactors through careful stewardship of the charity's resources.

The charity's scheme specifies that the Trust can have up to nine trustees, who may serve a maximum three terms of four years each.

The charity’s decision-making process is carried out via regular board meetings, with the Chief Executive Officer in attendance.

The day-to-day activities of the Trust such as property management are administered by the CEO, with the assistance of a part time Finance Officer and a part time Clerical Officer. The pay of the CEO and other staff are set by the Trustees.

To help Trustees to get to know the almshouse residents and their needs, all are encouraged to join in with the full range of outings, social activities, and lunches.

New Trustees are provided with an induction pack, giving information about the Trust, Trustee’s responsibilities, etc. The Trust covers the cost of Trustees attendance at training seminars and makes available reading material such as Almshouse magazines.

UXBRIDGE UNITED WELFARE TRUST A Company Limited by Guarantee

Trustees’ responsibilities

The trustees, who are also the directors of Uxbridge United Welfare Trust for the purpose of company law, are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement of disclosure of information to auditors

Auditors

A resolution to re-appoint Ward Williams as auditors will be proposed at the Annual General Meeting.

Signed on behalf of the Trustees:

I Bocock (Chairman of the Trustees)

A R Morris (Treasurer)

Dated: July 2025

UXBRIDGE UNITED WELFARE TRUST A Company Limited by Guarantee

Independent Auditor’s Report to the Trustees of Uxbridge United Welfare Trust

Opinion

We have audited the financial statements of Uxbridge United Welfare Trust (the ‘charitable company’) for the year ended 31 December 2024 which comprise statement of financial activities, balance sheet, statement of cash flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the Uxbridge United Welfare Trust in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

UXBRIDGE UNITED WELFARE TRUST A Company Limited by Guarantee

Other information

The trustees are responsible for the other information. The other information comprises the information included in the trustees’ annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement, the trustees, who are also the directors of Uxbridge United Welfare Trust for the purpose of company law, are responsible for the preparation of financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

UXBRIDGE UNITED WELFARE TRUST A Company Limited by Guarantee

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

The objectives of our audit are to identify and assess the risks of material misstatement of the financial statements due to fraud or error; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud or error; and to respond appropriately to those risks. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatements in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK).

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, our procedures included the following:

UXBRIDGE UNITED WELFARE TRUST A Company Limited by Guarantee

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Colin Hamilton (Senior Statutory Auditor) For and on behalf of Ward Williams Chartered Accountants Statutory Auditor Belgrave House 39-43 Monument Hill Weybridge Surrey, KT13 8RN

Date:

Ward Williams is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006.

UXBRIDGE UNITED WELFARE TRUST

A company limited by guarantee

Statement of Financial Activities for the Year Ended 31 December 2024

Notes
Incoming resources
Incoming resources from generated funds
Almshouse charges
Investment property income
1 (Split)
Other investment income
1 (Split)
Donations received
Resources expended
Cost of generating funds
Investment property expenses
1 (Split)
Management & administration
1 (Split)
Charitable activities
Almshouse expenses
2
Awards & grants
3
Management & administration
Governance costs
Management & administration
4 (split)
Net Incoming resources before transfers
Transfers between funds
Net Incoming resources for the year
Revaluation of properties
7 (Split)
Realised & unrealised investment gains/losses
8 (split)
Net movement in funds
13
Balances brought forward at 1 January 2024
Balances carried forward at 31 December 2024		 Restricted
Restricted
Restricted
Restricted
Restricted
Restricted
Total
Total
Fund
Fund
Fund
Fund
Fund
Fund
Funds
Funds
Almshouse
Almshouse
Lord
Lord
Relief in
Relief in
Ossulton
Ossulton
Need
Need
2024
2023
2024
2023
2024
2023
2024
2023
406,307
376,694
-
-
-
-
406,307
376,694
123,406
154,992
33,056
30,466
443,471
406,114
599,933
591,572
117
121
31
24
421
317
569
462
-
-
-
-
-
-
-
-
529,830
531,807
33,087
30,490
443,892
406,431
1,006,809
968,728
23,499
37,564
6,294
7,383
84,445
98,426
114,238
143,373
11,614
12,040
3,111
2,367
41,736
31,549
56,461
45,956
638,912
583,815
-
-
-
-
638,912
583,815
-
-
5,773
6,454
53,578
36,593
59,351
43,047
53,555
51,940
-
-
-
-
53,555
51,940
299
147
80
29
1,073
385
1,452
561
727,879
685,506
15,258
16,233
180,832
166,953
923,969
868,692
(198,049)
(153,699)
17,829
14,257
263,060
239,478
82,840
100,036
-
-
-
-
-
-
-
-
(198,049)
(153,699)
17,829
14,257
263,060
239,478
82,840
100,036
(28,386)
140,563
(7,604)
27,630
(102,010)
368,307
(138,000)
536,500
-
3,010
-
591
-
7,884
-
11,485
(28,386)
143,573
(7,604)
28,221
(102,010)
376,191
(138,000)
547,985
(226,435)
(10,126)
10,225
42,478
161,050
615,669
(55,160)
648,021
6,453,278
6,463,404
731,370
688,892
9,807,411
9,191,742
16,992,059
16,344,038
6,226,843
6,453,278
741,595
731,370
9,968,461
9,807,411
16,936,899
16,992,059
16,936,900

The statement of financial activities includes all gains and losses recognised in the year and therefore a statement of comprehensive income has not been prepared.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

UXBRIDGE UNITED WELFARE TRUST

A company limited by guarantee

Balance sheet as at 31 December 2024

Notes
Fixed Assets
6
Investment properties
7
Current assets
Investments
8
Debtors & prepayments
9
Cash at bank and in hand
Creditors: amounts falling due
within one year
10
Net current assets/(liabilities)
Total assets less current liabilities
Creditors: amounts falling due
after more than one year
11
Restricted Funds
13
Relief in Need
Lord Ossulton
Almshouses		 2024
2024
2023
2023
9,892,674
9,991,296
12,777,500
13,415,500
22,670,174
23,406,796
-
-
30,827
39,253
222,302
127,820
253,129
167,073
92,356
336,127
160,773
(169,054)
22,830,947
23,237,742
5,894,048
6,245,683
16,936,899
16,992,059
9,968,461
9,807,411
741,595
731,370
6,226,843
6,453,278
16,936,899
16,992,059		 2024
2024
2023
2023
9,892,674
9,991,296
12,777,500
13,415,500
22,670,174
23,406,796
-
-
30,827
39,253
222,302
127,820
253,129
167,073
92,356
336,127
160,773
(169,054)
22,830,947
23,237,742
5,894,048
6,245,683
16,936,899
16,992,059
9,968,461
9,807,411
741,595
731,370
6,226,843
6,453,278
16,936,899
16,992,059
23,406,796

(169,054)
253,129
92,356
23,237,742
6,245,683
16,992,059
9,807,411
731,370
6,453,278
16,992,059

Signed on behalf of the Trustees:

I Bocock (Chairman of the Trustees)

A R Morris (Treasurer)

Date: July 2025

Company Registration No. 11545982

UXBRIDGE UNITED WELFARE TRUST

A company limited by guarantee

Statement of Cash Flows for the year ended 31 December 2024

Statement of Cash Flows for the year ended 31 December 2024
Cash flows from operating activities
Net cash provided by (used in) operating activities (A)
Table 1
Cash flows from investing activities
Dividends, interest and rents from investments
Proceeds from sale of property, plant and equipment
Purchase of property, plant and equipment
Proceeds from sale of investments
Purchase of investment
Net cash provided by (used in) investing activities (B)
Cash flow from financing activities
Repayments of borrowing
Cash inflows from new borrowing
Receipt of endowment
Net cash provided by (used in) financing activities (C)
Change in cash and cash equivalents in the reporting period (A-B-C)
Change in cash and cash equivalents at the beginning of the reporting period
Table 2
Change in cash and cash equivalents due to exchange rate movements
Change in cash and cash equivalents at the end of the reporting period
Table 2
Table 1:
Reconciliation of net income/expenditure to net cash flow from operating activities
Net income/expenditure for the reporting period
Adjustments for:
Depreciation charges
(Gains)/Losses on investments
Dividends, interest and rents from investments
Loss/(profit) on disposal of fixed assets
Loss/(profit) on demolition of Almshouse
(Increase)/decrease in stocks
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash provided by (used in) operating activities
Table 2:
Analysis of cash and cash equivalents
Cash in hand
Notice deposits - less than three months
Overdraft facility repayable on demand
Total cash and cash equivalents		 2024
2023
Total Funds Total Funds
(645,007)
(486,486)
599,933
591,572
500,000
-
(8,809)
(759,347)
-
335,477
-
-
1,091,124
167,702
(351,635)
(152,600)
-
-
-
-
(351,635)
(152,600)
94,482
(471,384)
127,820
599,204
-
-
222,302
127,820
(55,160)
648,021
106,356
105,226
138,000
(547,985)
(599,933)
(591,572)
1,075
-
-
-
-
-
8,426
(4,027)
(243,771)
(96,149)
(645,007)
(486,486)
222,302
127,820
-
-
-
-
222,302
127,820

-

UXBRIDGE UNITED WELFARE TRUST

A company limited by guarantee

Notes to the financial statements for the year ended 31 December 2024

1. Accounting policies

The accounts have been prepared under the historical cost convention as modified by the revaluation of fixed asset investments, including properties. The accounts have been prepared in accordance with the charity's Trust Deed, the Companies Act 2006 and '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 (FRS102)' (published in October 2019).

Income

Income from property is accounted for on an accruals basis. Income from investments is accounted for as the relevant income falls due. Donations, gifts and legacies are accounted for when received. Income is split between the various funds in accordance with their percentage of the total at the start of the year. Relief in Need 73.92%, Lord Ossulton 5.51%, Almshouse 20.57%.

Expenditure

Revenue expenditure is accounted for on an accruals basis. Charitable expenditure is accounted for when a commitment to make a donation or other payment is established.

Investments

Fixed asset investments, including investment properties, are included in the balance sheet at market value. Changes in value are recorded in the statement of Financial Activities.

Fixed Assets

Fixed assets are stated at cost, valuation, or estimated market value at the time of receipt where assets are donated to the charity.

Depreciation is provided to write off the cost of assets over their expected useful lives as follows: Almshouse Property - 1% p.a. straight line Almshouse Furniture & Fittings - 10% p.a. straight line Office Furniture & Fittings - 25% p.a. written down value

No depreciation is provided on freehold properties held for investment purposes.

Funds

The details and nature of each fund are set out in note 13.

Linked Charities

In August 2018 a new limited company 'Uxbridge United Welfare Trust' was formed with the intention of transferring all the assets and liabilities of the unincorporated charity to the new limited company. During the course of the legal work to enable this to happen, it was found that due to a covenant on the Almshouse site it could not be transferred. As such the old unincorporated charity and the new limited company charity have been linked. For accounting purposes they are treated as one.

Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. Thus, the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

2. Almshouse expenses
Water, L & H, insurance and telephone
Repairs and maintenance
Depreciation of Almshouse
Legal and professional
Residents trips, welfare and miscellaneous
Loan interest		 2024
2023
24,998
30,626
31,002
20,729
103,973
102,541
26,730
14,200
11,082
8,733
441,127
406,986
638,912
583,815

UXBRIDGE UNITED WELFARE TRUST

A company limited by guarantee

Notes to the financial statements for the year ended 31 December 2024

3. Grants & application support

Total Grants
Split as follows:
Relief in Need Fund - hardship relief
Lord Ossulton Fund - educational
The total number of grants given was as follows:
Relief in Need Fund - hardship relief
Lord Ossulton Fund - educational		 2024
2023
59,351
43,047
53,578
36,593
5,773
6,454
59,351
43,047
2024
2023
91
61
10
10
101
71

Grants for hardship relief are made to individuals and groups usually in the form of essential household goods, or similar items. Educational grants to individuals are primarily for clothing, books, course fees and similar items.

4. Governance costs

Legal and professional fees
Audit fees
Accountancy
Trustees expenses		 2024
2023
68
73
13,920
9,000
-
3,150
1,380
561
15,368
12,784

5. Trustee and employees remuneration and related party transactions

Trustees

Payments amounting to £0 (2023: £0) were paid to Trustees in relation to services provided in a professional capacity.

Trustees expenses

Conference
Misc
Refreshments
Christmas Lunch
Employees
Wages and salaries, including social security costs
Employers pension contributions		 2024
2023
-
190
-
214
125
157
1,255
-
1,380
561
2024
2023
127,583
124,382
6,305
5,467
133,888
129,849

The average number of full time equivalent employees during the year was 3 (2023: 2).

Related party transactions

During the year the Trust made a donation to the Rotary Club of Uxbridge Trust Fund of £Nil (2023: £3,150) in recognition of the accountancy work carried out by one of the Trustees, Mr A Morris for the Trust. Mr Morris is a Trustee of the Rotary Club of Uxbridge Trust Fund.

UXBRIDGE UNITED WELFARE TRUST

A company limited by guarantee

Notes to the financial statements for the year ended 31 December 2024

6. Fixed assets - tangible

Cost or valuation
At 01.01.2024
Additions
Disposals
Transfers
Depreciation
At 01.01.2024
Charge for the year
Disposals
Transfers
Net book valuation
31 December 2024
31 December 2023		 Office
Total
Original
F&F
Land
F & F
1% SL
10% SL
25% WDV
10,110,976
14,313
-
28,215
10,153,504
7,654
-
-
1,155
8,809
-
-
-
(8,033)
(8,033)
-
-
Almshouses
10,118,630
14,313
-
21,337
10,154,280
140,081
1,967
-
20,160
162,208
101,110
2,863
-
2,383
106,356
-
-
-
(6,958)
(6,958)
-
241,191
4,830
-
15,585
261,606
9,877,439
9,483
-
5,752
9,892,674
9,970,895
12,346
-
8,055
9,991,296

As reported elsewhere, the Trustees 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.

7. Fixed asset investment - Property

Cost or valuation
At 01.01.2024
Additions
Improvements
Revaluation
Disposals
Depreciation
At 01.01.2024
Charge for the year
Disposals
Net book valuation
31 December 2024
31 December 2023		 13,415,500
-
-
(138,000)
(500,000)
12,777,500
-
-
-
-
12,777,500
13,415,500

UXBRIDGE UNITED WELFARE TRUST

A company limited by guarantee

Notes to the financial statements for the year ended 31 December 2024

8. Current assets investments

The trust does not currently hold any current asset investments.

9. Debtors

Rents receivable
Sundry debtors
Prepayments
10. Creditors: amounts falling due within one year
Trade creditors
Accrued expenses
Deferred income - rents invoiced in advance
Taxation and social security
Sundry creditors		 2024
2023
19,530
20,401
984
9,264
10,313
9,588
30,827
39,253
2024
2023
5,965
242,309
12,205
10,483
56,356
54,085
3,161
3,433
14,669
25,817
92,356
336,127

11. Creditors: amounts falling due more than one year

2024 2023
Bank loan 5,894,048 6,245,683

The bank loan is repayable by 20 December 2046 and interest is being charged at the aggregate of the base rate and 2.75% per annum. The loan is secured by two fixed charges dated 20 December 2019 over the freehold properties of the charitable company and both contain a negative pledge.

UXBRIDGE UNITED WELFARE TRUST

A company limited by guarantee

Notes to the financial statements for the year ended 31 December 2024

12. Capital commitments

There were no capital commitments at the year end (2023: none).

13. Restricted Funds

Relief in Need

A detailed description of the Relief in Need fund is given in the Trustees report. The fund is governed by article 43 of the Trust Deed.

Lord Ossulton

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 designated for major refurbishment and repairs and the redevelopment of the whole site.

Relief in Need
Lord Ossulton
Almshouse		 Realised/
Unrealised
Bal b/fwd
Incoming
Resources
Revaluation
Investment
Bal c/fwd
at 1.1.2024
resources
expended
of properties
gains/losses
at 31.12.24
9,807,411
443,892
(180,832)
(102,010)
-
9,968,461
731,370
33,087
(15,258)
(7,604)
-
741,595
6,453,278
529,830
(727,879)
(28,386)
-
6,226,843
16,992,059
1,006,809
(923,969)
(138,000)
-
16,936,899

UXBRIDGE UNITED WELFARE TRUST Schedules to the SOFA for the year ended 31st December 2024

The following schedules are for the use of the Trustees only and do not form part of the published accounts

UXBRIDGE UNITED WELFARE TRUST

Schedule to The SOFA for the year ended 31st December 2024

Almshouse
Almshouse rents
Management and administration
Salaries
Redundancy costs
Er Pension contributions
Professional fees (DG)
Other expenses
Council tax
Water
Gas
Elect
Insurance
Repairs and renewals
Mobile phones
Telephones
Cleaning
Gardening
H & S
Flowers
Removal and storage expenses
TV lic
Spare
Spare
Residents lunches, trips and entertainment
West Drayton Flat rentals
Entertaining
Cards
Chiropodist
Solicitor
Professional - Lettings fees
Bank loan interest
Subscriptions
Miscellaneous
Almshouse depreciation, incl improvements
Almshouse loss on demolition		 2024
2024
2023
2023
406,307
376,694
51,033
49,753
-
-
2,522
2,187
-
-
53,555
51,940
1,019
(2,133)
-
-
2,655
4,369
6,636
15,506
11,125
8,532
25,962
13,204
-
-
-
-
3,393
4,352
4,040
7,275
1,000
250
505
515
-
-
170
-
-
-
-
-
1,118
4,588
-
-
9,415
2,211
-
-
-
-
23,130
10,000
3,600
4,200
441,127
406,986
-
1,055
44
364
103,973
102,541
-
-
638,912
583,815
692,467
635,755
(286,160)
(259,061)		 2024
2024
2023
2023
406,307
376,694
51,033
49,753
-
-
2,522
2,187
-
-
53,555
51,940
1,019
(2,133)
-
-
2,655
4,369
6,636
15,506
11,125
8,532
25,962
13,204
-
-
-
-
3,393
4,352
4,040
7,275
1,000
250
505
515
-
-
170
-
-
-
-
-
1,118
4,588
-
-
9,415
2,211
-
-
-
-
23,130
10,000
3,600
4,200
441,127
406,986
-
1,055
44
364
103,973
102,541
-
-
638,912
583,815
692,467
635,755
(286,160)
(259,061)
638,912
(259,061)

UXBRIDGE UNITED WELFARE TRUST

Schedule to The SOFA for the year ended 31st December 2024

Residential and commercial property

Commercial rentals
Residential rents
Property expenses
Residential
Council tax
Elect
Cleaning
Ins
Reps
Gas
Health & safety
Mobile phones
Telephones
Advertising
Outgoings
Water
Solicitor
Bad debts written off
Professional - Lettings fees
Newland House
NH expenses in excess of service charge
Commercial
Business rates
Elect
Gas
Water
Ins
Reps
Security
Outgoings
Advertising
Solicitor
Prof fees - Letting fees
Bad debts written off
Salaries
Redundancy
ER Pension contributions
Professional fees (DG)		 234,701
241,310
365,232
350,262
599,933
591,572
301
930
673
1,512
340
292
7,845
4,157
34,741
64,619
45
460
-
-
-
-
-
-
-
-
-
-
4,034
739
-
-
-
6
1,992
1,836
-
-
-
-
234
1,581
-
-
-
-
-
-
7,834
8,193
-
-
6
5,129
-
-
2,580
500
58
1,030
-
450
51,033
49,752
-
-
2,522
2,187
-
-
114,238
143,373
485,695
448,199		 241,310
350,262
591,572

UXBRIDGE UNITED WELFARE TRUST

Schedule to The SOFA for the year ended 31st December 2024

Bank Interest Earned
General
Dividends Received
CCLA
Other Invest Income
Gifts & donations received
Gifts & donations received - Lord O
Gifts & donations received - RIN
Relief in Need
Awards and grants
Charitable giving not through grant
Lord Ossulton
Awards and grants
RIN management & administration
Wages
Mileage
Mobile
Security		 53,578
-		 569
-
-
569
-
-
-
36,593

-
53,578
5,773
59,351

-

-

-

-

-		 462
-
-
462
-
-
-

36,593
6,454
-
-
-
-
43,047




-

UXBRIDGE UNITED WELFARE TRUST Schedule to The SOFA for the year ended 31st December 2024

Trust administration

Wages
ER National Insurance allowance
Pension contribution
Redundancy
Staff training
Staff refresh
Staff welfare
Office rent
Water
Elect
Gas
Cleaning
Insurance
Premises repairs
Mobile phones
Tel
Adverts
Printing and Stationary
Equipment rental
Subscriptions
Repairs to equipment
Spare
Website
Computer hardware maint
Computer software maint
Interest paid
Legal and professional
Spare
Professional fees (DG)
Audit
Accountancy
Donation re accountancy
Misc
Bank charges
F & F Depn
Loss on disposal of F & F
Trustee expenses
Training
Travel
Conference
Misc
Refreshments
Christmas lunch		 25,517
-
1,261
-
3,402
338
297
-
-
-
-
52
616
-
-
1,061
-
125
5
469
332
-
-
-
4,398
-
68
-
-
13,920
-
-
587
555
2,383
1,075
56,461
-
72
-
-
125
1,255
1,452		 24,877
-
1,093
-
475
154
566
(4,471)
-
-
-
133
616
-
-
360
-
126
7
150
-
16
2,181
-
3,567
-
73
-
-
9,000
-
3,150
563
635
2,685
-
45,956
-
-
190
214
157
-
561