CIO REGIThATION NUMBER CE016379 ANDREW WINDSOR ALMSHOUSES ANNUAi REPORT AND UNAUDrrED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 Charlty Ilumber 1181841 BUSINESS ADVISORS ACCOUNTANTS The Granary Hones Yard I Waverley Lane Farnham Surrey GU9 8BB ANDREW W114DSOR ALMSHOUSES FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 CONTEfirs PAGE Trustees Annual Report Ito4 Independent examiner's report to the members Statement of financial activitie5 Balance sheet Notes to the financial statements 8tts14 ANDREW WINDSOR ALMSHOUSES TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2025 Thetrustees present theirannual report andthe financial 5tatementsof the charitable Incorporated orEanisation CIO) for the year ended 31 March 2025. The financial statements comply with the charftvs trvst deed, the Charities Act 2011. and the Charities Ststement of Recommended Practice issued in Ortober 2019 and Flnanclal Reporting Standard FRSIO2. The trustees confirm that they have Complied with the duty in $17 of the Charltles Act 2011 to have due regard to the public benefit guidance published by the Charity Commission, when reviewin8 the Charfws alms and objertives and In planning fvture artNitièS. REFERENCE AND ADMINISTRATIVE D￿All5 Reglstered charity name Andrew Windsor Almshouses Charlty reglstratlon number 1181841 CIO reglstratlon number CE016379 Prlnclpal offl 5 Bridgefield Farnham Surrey GU98AN THE TRUSTEES The trustee5 who served the char¢ty during the period and since the perlod-end were a5 follow5= Mrs E BLrtler Ichalrman from 23 May 25llappointed 23 May 251 Colonel C P H Knaggs Mrs C Seely Ms J Barratt Mr J Merrltt (appointed 23 May 251 Mrs G Merritt lappointed 23 May 251 Mrs L Eades lappointed 23 May 251 Ms L Suther5and (Chairman until 22 May 25llreslgned 22 May 251 Clerk to the Trnstees MSJ Durrant Prfnclpal bankers Uoyds Bank plc Lewlsham Branch London Independent examlner Mr & P. F. Howell FCCA TC Group The Granary Hones Yard I Waverley Lane Farnham Surrey GU9 88B ANDREW WINDSOR ALMSHOUSES TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2025 OBJEcnvES AND ACrnIITIE5 The objèct of the ChaTStable Incorporated Organisation ICIOI, formed on l February 2019. Is to provide housing for retired, elderly people of Bood chararter and in straightened circumstance5. Applicants are required to be capable of Independent lsvin& in line with the CIO'S policv. The charity own5, admlnlsters and maintsins the property and 8rounds of numbers 53, 54, 55 and 56 Castle Street, Farnham, which are the oriBinal almshouses and now a Grade 11 Listed building of local and historlc interest. The charity also owns, administers and maintslns the property and grounds of numbers 2, 4, 6, 8, 10 and 12 Park Row, Farnham. which were construtted in the 198Us and are situated to the rear of the Castle Street propertles. The Castle Street and Park row properties 811 share a communal garden. The properties owned, 3dminlstered and maintsined by the charity are for the (tse of the appointed residents. When an almshouse becomes vacant, the Trustees look to appoint a new resident in accordance with its charitable objectives. In cases of equal eligibility. priority is given to applicants who have family tie5 Withln the Famham area and who have contrlbuted in a positive way to the communlty. All ￿sIdentS benefit from lower a¢commodatlon costs than those payable in the prlvate rental ma￿et. These objectives fully meet the public benefit reqtsiremenL Provision of a¢commodation to those in houslng need Is clearly beneficial. ACHIEVEMEMTSAND PERFORMANCE The Charlty contlnues to provide accommodation for older persons in housing need, who have limited flnanclal resource5. The objettives of the Charty fully meet the public benefit ￿q￿treMent. The Trustees continued to monitor the residenys welfare and wellbeing through in person vislts to ￿sIdentS. Durlng the year, the Trustees carried out planned maintenante works on the Andrew Wind50r ￿MShOU5tS for the benefit of current residents and to ensure the Almshouses remain viable for future beneficiaries. The maintenance works Include consideration of general maintenance, cyclical and extraordinary maintenance works,. No 12 Park Row was ￿￿rb1shed, works included a new bathroom. cloakroorn. kitchen. rede¢oration throughout and new flooring; RefurbÈshment work5 were carrled out at No 54 Castle Streetfollowing the relocation of a resident to an alternative Almshouse (No 12 Park Rowl, works included redecoration throughout and new carpeting: All rear windows and back doors were replaced atthe park Row properties, double glazed window and doors were installed as part of the upgrade to assist with heat retention and energy efficlency,. Maintenance works We￿ carried out to the front of the Castle Street Properties to include replacement and painting of the handrails and repolnting of the ironstone cobbles area in front of the Castle Street properties; Roof repairs were carried out on 53 Castle Street followin8 another HGV incident whereby a HGV lorry knocked into a lamppost sttuated on Castle Street, which fell into the comer of 53 Castle Street and caLFsed damage to the corner of the property. TheTrustees have an ortgoingdlalogue with Surreycounty Countil and the local MP regardin8the ongoing issues wlth the trees on Castlè Street whlch result in the Charity divertÉngfunds to address the clean-up of fallen debris from the Countil malntained trees. The Trustees alsD have an ongoing dialogue with 5urrey County Council regarding the fvturè plans for trafflc management and resurfaan8 works on park row. which impact the fvture works neces53ry at the Castle Street Almshouses. ANDREW WINDSOR ALMSHOUSES TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2025 In January 2025, th&TnJstees appointed a new re5iderst a5 a beneficiaryfollowing an Intervlew and appointment prooss. The Charity has txndertaken a review of all of its operational documentation and Is looklngto attract new Trustee5 to as515t in the ongolng viability in the running of the Charity. The Ch3rity contlfiued to meet all its financial and administTatlve commltments relètlng to the fuJ)din8 of the roof projett (completed in 20191. The Charity Participated in the Farnham Herrtzge Open day Initiative and re￿Ived over 100 visitors to the site in September 2024. All Almshouses have current EPC. Elcft and Landlord Gas Safety Certificates. There were no slgnificant maintenance contribution arrears at the end of the period. Mlss Lorna Sutherland ￿tired as Chalrman and Trustee in May 2025 followin8 five years of dedlcated seThI￿ at the Alm5houseg. The Charity was pleased to welcome four nèw Trustees to the board. Elizabth Butler assumed the role of Chairman and is supported by exlsting Trustees and new Trustees, Gail Merrltt, Joseph MerrFtt and Linda Eade5. FINANCIAL REVIEW At the end of the period. the charitvs reserves show a balance of £168,46912024- £188,629). The free reserves available to the charity totals £120,39812024- £148,474). The Charftvs finances are in 3 53ti5factOry state as at 31 March 2025. TheTrustees continue to reviewthe Weeklv Maintenance Charge IMMC") payable monthly and the beneficiarie5 were notified of an Sncrease to the WMC to become effettive Aprll 2025. theTrustees wll reviewthis on an ongoing annual basls. The financial ¢ommltments to The Charity Bank continue to be met and the Charity has commenced regular investment in Ilne with Almshouse Association guid4nce to ensure that future cyclical and extraordinary maintenance can be carried OUL PLANS FOR FUTURE PERIODS Looking to the futu￿, the Charlty Is Increasing fund5 to both our Cycllcal Maintenance Fund and Extraordinary maintenan￿ Fund. Routlne malntenance Is ongolng and is reviewed quarterly at Tru9tee Meetlngs. For the forthcomin8 year. the Trustees have the following plans under consideration.. Continue to monitor the welfare and wellbeing of residents: Recruitment of new Trustees to ensure the ongoinE governance and operational wabllity of the Charity; Ongolng planning re8arding routine. cytlital at)d extraordinary maintenan￿. Finalisation of website for the Charity to help ralse the profile of the Almshouses lotallv; Liaison with local orEanisations such as Heritsge Farnham to raise the profile of the Almshouses locally. GOING CONCERN After making approprlate enqulrles. the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence forthe foreseeable future. Forthi5 reason they continue to adopt the golng concern ba515 in preparingthe financlal ststements. Furtherdetails regardingthe adoptlon of the goln8 con￿rn basis can be found in the Accounting Pollcles. ANDREW WINDSOR ALMSHOUSES TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2L125 STRUCTURE. GOVERNANCE AND MANAGEMENT GOVERNING DOCUMENT Andrewwindsor Almshouses Is a charitable Incorporated organisatlon governed by its registration wlth the Charity ComTni5slon on l February 2019. RECRUITMENT AND APPOINTMENT OF TRUSTEES New trustees are appointed by the trustees from local people with appropriate skills. ORGAfiIISATIONAL STRUCTURE The charity is controlled by the TTU5tee* Trustees durlng the period are detalled on page l. The trustee5 have appolnted a clerk to admlnlster the charlty and Its propertles. The clerk reportsto thetrustees at, at least, quarterly meetings, with frequent e-mail and telephone contart between meetlngs as necessary. RISK MANAGEMENT TheTrustees have a risk register fortheir review and cornmerlts. The major risks to which the charity Trs exposed, as identified by the Trustees, have been reviewed and systems have been estsblished to manage those risks. INDEPENDENTEXAMINER Simon Howell. FCCA. of TC Group. has been re-appointed as independent exarniner forthe ensuing year. TRUSTEES, RESPONSIBILITIES STATEMENT The trustees are responslble for preparlng the Tn¢stees' Annual Rerjort and the financlal statements in accordance with applicable law and United Klngdom Aceountlng Standards IUnTrted Kingdom Generally Actepted Accounllng Practlcel. The law applicable to charities in England & Wales requires the trustees to prepare financial statementsfor each financial year which give a true and falr view of the State of affairs of the charity and of the incoming resources and application of resourtes of the ¢harlty forthat perlod. In preparing these financial statement5, the trustees are required to.. select suitable accounting policies and then apply them consistentlv,. • observe the methods and principles in the Charities SORP 2019 IFRS 1021,. make judgements and estimate5 that are reasonable and prudent,. • state whether appllcable UK Accounting Standard5 have been followed. subjert to any material departtjres disclosed and explained In the financlal stateme#ts,. prepare the financial statements on the goin8 contem basss ￿nIes$ It Is Inappropriate to presume that the charity will continue In operation. The trustees are responsible for keeplng proper actountlng records that dlsdose with reasonable accuracy at any time the financial position of the charity and enable them to ensure thèt the finaftclal statements tomply with the Charltles Act 2011. tPte Charities (Accounts and Reports) Regulations 2008 and the provssions ot the trust deed. They are also ¥e5ponsible foi 54feguardingthe assets of the charitable company and hencefortakin8 reasonable steps for the preventlon and detection of fraud and other irregularitie5. Thls report was approved by the trustees on . and slgned on Its behalf. rs E tler (Ch rl INDEPENDENf &YAMINER'S REPORTTO THE TRUSTEES OF ANDREW WINDSOR ALMSHOUSES I report to the charFty trustees on my examination of the accounts of the chartty for the year ended 31 March 2025 which are set out on pages 8 to 14. Respon51bilitles and basls of report As the charity trustees you are responsible for the preparation of the accounts in accordance with the rèquirements of the Chafities Art 20111'the Act'l. I report In respect of my examination of the charivs accounts carried out under section 145 of the Act and in rrying out my examination I havefollowed all the applicable 01￿ctiOns81Ven bythe Charlty Commlssion under section 14515llbl of the Att. Independent emamlner's statemert I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respert: attountlng record5 were ngt kept in respect of the charity as required by 5ÈCtion 130 of the Act- or the accounts do not accord with those records- or the accounts do notcomply with the applitable requlrements concernin8the fom and contentof accounts set out in the Charities (Accounts and Reports) RegulatÈofis 2(K18 other than any requirement that the accounts give a'trne and fairvie%¢ which is ngta matterconsidered as part of an independent examination. I have no concerns and have come8tmss no other matters in connectionwiththe examlnatlon to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Simon P. F. Howell FCCA The Granary Hone5 Vard I Waverley Lane Farnham Surrey GU9 88B ANDREW WINDSOR ALMSHOUSES ATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2025 Total Unrestrlrted Fund$ 2025 Total Unrestrlcted Funds 2024 Note Income and endowmentsfrom.. Charltable activities Other Income 109,623 100,428 11,071 Total 109,923 111,499 Expèndlture on: Charitable actlvlties Other expenditure 1110,6431 119A471 169,9761 120,1391 Total {IXIN901 190,1151 Net gaSnslllossesl on investments 355 Net Incomellexpendlture) 120.1601 21,739 Net movement In funds RECONCILIATION OF FUNDS: Total funds brought forward (20,1601 21,739 Is 188,629 166,890 Total fund5 carried fonvard 168A69 188,629 The Statement of Finan¢ial Activtties Includes all gains and losses Érk the yeaf and therefore a statement of total recognlsed gains and10sses ha5 not been prepared. All of the above amounts relate to Continulng actlvltles. The note5 on page5 8t0 14forni partofthesefinanthl 5tatemerrts. ANDREW WINDSOR ALMSHOUSE5 BALANCE SHEET 31 MARCH 2025 2025 2024 Note FIXED ASSETS Tangible asset5 Investments 290.406 6,275 279,183 5,868 io 296.681 285,051 CURRENT ASSETS Debtors Cash at bank and in hand li 891 120,398 901 148.474 121,289 119.1561 149,375 18,9351 CREDITORS= Amounts falling due within one year NET CURRENT ASSETS 102,133 140.440 TOTAL ASSETS LESS CURRENT UABILITIES 398.814 425,491 CREDITORS- Amounts falllng due after more than one year 13 1230.3451 1236,8621 TOTAL NET ASSETS 168,469 188.629 FUNDS Unrestrtcted Income funds 14 168.469 188,629 TOTAL FUNDS 168,469 188.629 These financial staternents were approved, and authorised for issue on the ... their behalf by.. and are signed on Mr5 Chalr er The notes on pa￿5 8 to 14hrm part ofthesefinancl4lststements. ANDREW WINDSOR ALMSHOUSES NOTES TO THE FINANaAL ¥fATEMENTS YEAR ENOED 31 MARCH 2025 ACCOUNTING POUCIES Basls of accounllng The financial statements have been prepared under the historical cost convention wlth items recognlsed at cost ortransaction value unless otherwise stated in the relevant notelsl to these accounts. The financial statements have been prepared In accordance with the setond edltlon of the Charltie5 Ststement of Recommended Practice i55ued in October 2019, the Financial Reporting Standard 3ppli¢ablÈ in the Unlted KSngdom and Republic of IrèFand IFRS 1021 and the Charities Art 2011. AndrewWindsorAlm5houseswas registered asa Charitable Incorporated Organlsatlon on l February2019. The financial statements arè presented In sterling which is the funrtional turrency of the charitèble ompany and rounded to the nearest £. Andrew Windsor Almshouse5 constitutes a public benefit entlty as defined by FRS 102. Golng roncern The Trustees consider that there are no material uncertalntles about the charitvs abllity to continue a5 a going concem. Ful￿ ac