**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:
- select suitable accounting policies and then apply them consistently.
- observe the methods and principles in the Charities SORP.
- make judgements and estimates that are reasonable and prudent.
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements.
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
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**
- So far as each of the Trustees at the time the report is approved are aware:
- there is no relevant audit information of which the Trusts’ auditors are unaware; and
- the Trustees have taken all the steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the Trusts’ auditors are aware of that information.
## **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:
- give a true and fair view of the state of the charitable company’s affairs as at 31 December 2024, and of its incoming resources and application of resources, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **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:
- the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or
- the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charitable company’s ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.
**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:
- the information given in the financial statements is inconsistent in any material respect with the trustees’ report; or
- sufficient accounting records have not been kept; or
- the financial statements are not in agreement with the accounting records; or
- we have not received all the information and explanations we require for our audit.
## **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:
- We obtained an understanding of the legal and regulatory frameworks applicable to the charitable company and the sector in which they operate. We determined that the following were most significant: the Companies Act 2006 and the Charities Act 2011.
- We obtained an understanding of how the company are complying with those legal and regulatory frameworks by making inquiries to the management of the charitable company. We corroborated our inquiries through our review of correspondence during our audit work.
- We assessed the susceptibility of the charitable company’s financial statements to material misstatement, including how fraud might occur. Audit procedures performed included:
- identifying and assessing the design effectiveness of controls management has in place to prevent and detect fraud;
- understanding how those charged with governance considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process;
- challenging assumptions and judgements made by management in its significant accounting estimates;
- identifying and testing journal entries, in particular journal entries posted with unusual account combinations; and
- assessing the extent of compliance with the relevant laws and regulations.
## **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|