2024-03-31-accounts

ERED Pag• Reoort irf th• Tru•t••J Indapeml•nt Examln•rs rw to th• Tnwie stst•rn•it of Comw¢hEnslv• In¢tsme Statern￿t of Changes ITr Reserirn8 statenynt o( FIn￿d￿l Pojlllon sh Flow St•tement Not•# to the Flnantlal Stal•Meni 9-15 Detalled Income and tXPDrK4turn Acamiiit 16 Sch•ddè oflryv•thints fy Incom• 17

OUSES Thé submtt thelr annual rewt tctyJeW the IntknpÉyd￿Ity eximlTred IknHr¥lal stratwnts fi the vearen￿A 31 March ?0?.4. Prlndpal attlvlty ab￿ oryanlsatlon Yhe [Y1nd￿l Ètthiiy rf the Cwty Is to prDvk1e accimnKxlaUon lor In c4 hwslng Irom the patfjshLS of Lavant. Boxgrove, fangmere, West l)ean, Sltsjkion. East Dean. Eartham, hJdinwr￿. Ea5ttsgale. Bamliarn, Ovlngi w￿laMp￿ett. thKhe5ter, Stswghton. FuDbTrgtDn and Wesl StLe, or 011r￿se In ￿d31 cases apwoved by the Cornrrwii￿ al￿ Is the provis1￿1 of ie and ￿ fytleton market. at BoX9r￿, ￿lChester, w￿tSus￿ex. Thwe have beetb no inaterfal changes In the (hwttvs ￿ll(loS or actMts In ihtt year, Chatity ts 6 reqlstered chatltyi Mr￿￿bJtal as a tharthte kKupornted oryanlsotth, IL84676. The (harlty's go¥￿Ing doCUn￿t Is è Trnst Deed thted 30 f4arcli 2020 whwi aff assets or the Countess rffj Oths lo￿￿tY number 2130301 transferred to the new charlty. It is rtyie.red wlth the Hwstno Corwau(¥i. RefjlStra￿c￿ numter A1071. The Trv5tce5 are reY)ngb￿ 311 acimttes c the Charliy. ITKkKlro malrthnaTKc rf the fatrlc of tk acCOrnnK￿at￿) and aky)Intsna)t and of the Man￿er. Trustees n￿et at least four t1￿S a year to dlscu5S the orla1￿ rf the Charfty, conlder the prc4Jtr3mn fc malntenanco and ou￿r wrks I re.r.w. rq)orts fyom the man￿￿. The Ilottrd rfTnLsFees ktreps the skll t9￿ments ftr ihe Truee t¥)dy uThler revfew In the event that a twstee ￿￿￿en￿V rtVTes tr zthltt￿a1 new trustepts are rp4iilr¢yJ, board wlll ￿entlIV a gjltablo roFennt. The ultlmate dedskn on sele£tkn Is a moLter Board of Tnistees. The Indwllon rKocess for any netrappolnteiJ trustee oywises the i55ue of bi5t<Yk. flnBrKlal ar￿ ¢Aher releV￿t InfumatKJn rdallr¥J to the thar6ty bwelher wlth gUwel￿ rel￿n0 to Char￿ trust& dut5. Re¥iÈw of Charkalkn Athltl•s level dat(U￿￿YhaS been mafntakn￿ LI￿1n9 the year.Ihere arecwru7tty ￿flats unryLu￿ed. One fL4t, whlch has reS1rfrt￿ ￿CesS eklerly re41d￿lS, has now bÈert let on the ¢Jpen mar1￿￿ wlth sx rTK)nth assured ter￿rtty ￿re)￿t. Scdal actMi¢es re5bJents hove continued ttr be organlsed, Indullng the dlstvblthn of t￿lts it) reth)ts. It is anUdpa¢ed that any Ilat to be r(lurtislK)d contthl In accvd¥Ke wlth Y aoreed tymescAle based on cashTrJw and YAth Ihe waree￿￿￿t of the Ol'herwlse flats wlll be r(xJccorato¥J ond baths re￿ac￿j wlth sh￿15. 3￿j cookers with l￿bS aThJ eye levd oven5 a5 r￿U1rd. Thp TrustÉÈs contliiue to underloke the requlral frcm the Quiwwnnlol retyxt. ThrTrtJ%teM re.mHln 81Èrt to Is aval13b￿ to a$￿￿dde￿I¥ ttot* li.& knnd grips, Hkyrm cords e.tcl and any re￿t developmerts are ￿sIdEred when apr￿at& ttevlew of tV41ns8dlons Ntsanclal po6ltknn Thp ftnancbl resulls for the y&r are set tyJI w) the acrrm)Jfv exa[Thr￿ finaThclol %taternent& FinarK￿l transKbons dijdng the Vedr wwe In nature to those rf the prevlous chadty and the Surplus lur Llie year ts consldoed to be sotlsfactcry. All assets hdd are far tlie pury(￿￿ of tx)iiUiiultVJ the CU￿ent aCt￿ltIeS orwj are a(￿u8te to fulfl the (krltys fknandal aThY throtAkJat￿ns. GA= L2629(WI I

TheTru5tees httwe reéutyl the haThJltho ofcash ￿nSO￿lS ton thnlrt¥Jm ond nb]JO[￿ ￿ re £333.306 I￿.3: E313.289h Totsl to 178D,116 {2022.' E764.$22) R18k Asse88m•rt m8lc¥ rfth5 to whkh the dwrlty 15 a5 klwrtlfi￿l by Tr￿rtee%. h•ve ￿en re¥leweO and svstms have trKen eslabHfvJ to rrdtiÈ rlsk IWe6tm¢nt apprn16al The mark value c< inve5tment5 Ot 31# Marth 2024 £333.31O {a123 - É313,2881. The irwestTh￿nts prixjml J grtJ5S sn¢(￿ of É12.W 12023 - 111,2101. T¢￿ Investrnent IncthTh lft the A￿art￿l year an overnll Weld cl 3.9% {2023 3.6%) on the w1￿01the I￿vest[￿￿ts at the year￿. T Mopshall IChalrrThinl Mrs L SIFrwoD (re5vJned 28 Felww 2023> Peier kntln Mar* EIYeTrrtt . I?6￿￿1 i

DED3 Tru•t•w' rwpomibkn for ihè prepratlon afthe fln•ndal stst£rnonts Housino Asg)JètKJn 0[￿ tharfty requlre. the TntthÉS tr> IlTrancLryl statements for ¢6ch finBndal year gl¥e a bue and falr vlt rf the stale d affèlts of the (Nirlly as at the of thÈ Ilnandal yoar and d the t￿t tsie flnantL41 statèments, 5ultatrAe accoUn￿ng p￿1￿$ hbve been ￿ and cthslthtty aprA>J. to the best cl the Tr￿slee5, krYJvAè bellel. tty re(￿￿￿ to rEaS(￿able and jutkJefjYnts e5bmates. App1k&￿e ￿￿Oun￿ng stanthrds have foUov•ed. The Trustees ￿￿firM that they ￿ve totry)1Sed (￿th thdr [W￿SIL￿r￿￿e5 WFk3lntanlNJ quate aCaJuntl￿j r￿£￿￿5 dltho rea5gnaL4e dt any Ume nnand4 ￿)$￿1￿ thlty. sof¥j￿rdIng the assets. cl the awrlLy and pre¥enUng detectlry frnud othw Irregul8Fltles. The Ttustees Cubffrni thal they are c the nKJn thDt It Is awowlete io prekwe the nnarKwI ststernents on bJsi5 thot thartty is a goiny The tlnandal siateTrwts have been rxepareil ￿ actyrttyn￿ wlth H￿4rffj SORP 2018, Plan fortbe fvtllm wltl) thè eryhasts ork people kn need. Prin¢ipal B•ttk•v Bank r PO￿54 Chlthe5ter West Sussex P019 IMT Irwln Mttrhell ILP Thiymos Eggar H￿se Frfary Lane ith west SusseK P019 IUF Indepenknt Examiner WrJrt FCA tLthA STr￿cn Stk￿and 7 East Palbrt West Susse¥ IY)19 ITR Slgned ￿ behdf rf the TrusLees.' GA: L262904L E

Indepandent Examlner's Report to the Truslees of Countess of Derby's Almshouses CIO Independent examlnefs report to the trusteas of Countess of Darfjy's Almshouse3 CIO report lo the charity Iruslees on my examination of the accounts of CAJUrte88 of Derby's Amshouses CIO {the Trusll forthe year ended 31st March 2024. Responsibilities and basls of report A8 the ch2rSty trusteeg of the Twst you are responsibte fcff the preparation of the accounts in actordance wth the requirements of the Charltles Act 2011 Ilhe Acr). I report in respect of my exominalion of the Twst's aceounls eanied out under section 145 of the Act and in carrying out my examlnation I have followed all ap￿1¢able DweclK)ns gEven by the Charity Commission under sectr'on 145(5)Ibl of the Act. Independent examinèrfs statement I have Completed my examination. I confimi thal no malerial matters have come lo my attention in connection with the examination giviw me cause to believe Ihat in any material reSF￿.. accounting records were not kept in respect of the Tru51 as wuired by section 130 of the Act., or 2. the ac¢ounls do not aC￿lj wilh thoso records; 3. the accounts do not comply with the a￿lGable requirements conceming the form and conlenl of accounts set out in the Charities {Accounls and Reports) Regulat￿n$ 2008 other than any requirement that the aGcounls give a true and fair Is not a matter consldered as part of an independent examination. I confirrn that there are no other matters to whlth your attention 5hoLld te thawn lo ÈnAble 2 proper understsnding of the accounts to be reache(l. Paul Wright FCA DC Sheen Slickland Chartered Accounlanls 7 Ea51 Pallanl Chichester West Sussex POI9 1TR C41.. 126291Ml I

TU11140VEIL' Inwm¢'. Contritrwtir>n5 from rr5hknts: 89,599 17.0 82,659 18,080 Grants 106,679 I￿,739 106,679 100,739 I)PEAATIN6 EXPENDITIIRI (26,935) {31,2231 Managunent Day to day malnt¢nance Cydlcal mèlrtenorKe 148,LWI I2B,8751 {22,3X¢) OPERhTIMG WRPLUS 3,121 GainsiLtWS W)vesbments rere5t recelvatjle kn[(￿e Irttertst pèyjbk and sbr thary 17.8NI 11,414 11,2X)I 13,116 12271 SURPLIIS IS.$93 5,SAI TofAL COMPReNENSIVF INCO4IE FOR THI YEAR The c¢￿Thre5$ of L)erby's ￿m$hOUSe$ CIO has Thit acqulred u dISt￿Y￿ue￿ arry fundementsl activlles tJurfrKJ the a￿Jve year> AppF¢)v¢d iiy the TntstQQS On.......... ...__.......... behDif by.. J_ ￿.&￿3 (rru#eel lliese S￿￿)￿t$ ha￿ l)een prrpBrcd aC(thaTr￿ ￿tti ihe &at•nent of RItsynm￿.d Fra￿Ce frx Sc•Jal H¢xiny Prthldet¥ 2018, and w¢th tho DIre£t1￿ RèJtst¥&l of krAJillg ITI Engtsnd 2022.

and ft￿￿¢10n Trt ealwo at I Ilwl 2023 611.070 153,453 764.523 Ststema* ol 15.593 15,593 Transf•s IY.3681 619 295 ￿21 780116

prxeD ASSErs H{￿￿￿9 rwrtSes 424.?.57 424,257 424,?57 Tnwstmrfflty at rnar1￿t vthe 333.306 313,289 ?57.563 737,546 CiIEtREMf ASSETS Cash al bank and hand 27￿41 27,641 45,1 Less CREOITORS: Ar￿￿S fanlng due lthln year 15,LWI (18.2201 NÉY CURREfff ASSEf5 21553 26.976 TOTAL 15SETS LESS CURRfrrt LXAOILXTtES 7BO,L16 764,523 hr11￿￿￿ falllng t1ue allw nwe thJn ￿ y& Ai TOTAL NET ASSE15 780.116 764.523 RESERVES In0￿ 4￿1 txpethyiwr¢ reseThe vestmefftt maluatlon r£serwe 619295 Ir>O021 611070 153,4S3 780,116 764,523 Yoved by the Tru#ees M ...... ...... . ....... behalf by: . HFKI ned thetr (TntstL¥I Thexe staterneTrts have I)￿ prepbred kn acewdanco wlth tbe Statemert of Facilce ￿81 No￿1ng Pruv¥Jet5 2018. wlth the AC￿ntIng IOT ￿•¢¢ RtsJbsityod FYavKler5 of In EnalanJ 2021.

CASH FLOW sfA7eMw4T RECONCIUATJON OF Nky Thcome TO NET CASH FLOW VROM OPERATING ACTIVrnPS Net Income trth¢ re￿I1￿j Per￿ {as per ihe stathmerf dI￿n￿OI acu￿1 15.593 5.511 on IrA￿st￿ts Interest rLxd¥ed Rentsl Income Invesbmert irthne JncreasellDe£msel In IlncYea%ol In dLtors 17,J681 125111 1106,6791 {12,B5¥) 113.132) ?￿05 12U41 I1￿.739) (11,2JOI 5,537 Met uah pr¢nrydcd by lth) )P•rntlfvo athlt 114 701 93 00 Cash ynwat¢d fmm {124.7021 I93,3￿) Nqt <86h pro¥lded by l) opw•tth• xl¥lt•s (IZ4,701) {93WIQ) sh flowm from iThv#ln• actl¥lt••: Intetost rttel¥oO Aonts InvestfftÈrt I￿ornE 258 106.679 12,858 112,649) 204 IIX).739 110,9991 Plét by (used In) Invo•tin• •¢tMte• 101.154 Cosh now• from Ilnik a¢ll¥l¥e Rq)iTryI￿nUÉ d ￿lty￿#jIrrfJ IID.4181 Net c48h yro%idqd by (#sed xll IJO,4181 In <Jsh u•h in thE r¢pHlkn• potlod IL7.556) {15641 ca¥h and ¢•h a4ulvalent• at the beglMAlryi of Ihe p•rlod 45.197 47,761 e•6h ¥nd 4qulvalents * tha amd olthe rEw%tkng p￿ts￿ 27 41 4S J97

PRINCIPAL ACCOUNTtNG POLXCIES forn￿t of the a¢A￿l￿t5 wlth the H(wJsino SC&P 2018 5tatrynent of rvLorntrwKJed Pfathce for re4lsteral sodal landlon1s. The flnarthl statements rwre<S In accord￿te vAth appI￿a￿e k¢OUntthg Si•rMknrd5 in ￿Thad¢￿)). A summary or the acwJrrtlrJ pJllde5 15 Srt out LYI￿. Basls of Accountlng: The fi￿101 ststctr￿ts haKe In a￿dan￿ vAth athlcaNe &tarKJards IndudirKJ Nn2ncW Standard 102 ￿ Fltkindal Heprytlnq Standard Aw)Ilcab In UK and RepuLllc of IrEland IFRS I021. the ShteJ)￿rt of ReLYThmÈnrf￿ knctke for Srxlal IIou51Trg Provltlus 2018. with the Accwntrt9 Dlrectlon Ic fvte registerod prnwder5 of 50da I￿u￿n￿ In Ewland 2022. The lfjnandal statements ale algj tKetred li￿er the reoulrements of the Houng and Regeneration Att 21m. Tr finandal siatemenrs hB¥e rrfqjarcd ￿ a gc4ThJ concwn ijnd the. hl%tortd ¢tsst t(x)ventx)n. mcx11Tred to Irthc certaln ￿1￿￿5 6t falr The finandèl statem￿ts re preparLYI in stthlng whith 15 Eh¢ wrrerry of thÈ O)èrty, and roundcx1 to the neare E. Tlie g￿nIfICant accounung ￿￿￿e5 prry)aratkffi d these fwidal statements are set o below. Turnover. Yuniover represents rental and tharys rett}vab￿ In tl year ￿ of rwt strvlce th4rge 105se5 frorn vold5. revenue wants from the ooverr#nent (local auttN)rftle.¥l and the and Communlljes Agaxy. Interest aThJ di￿{￿.￿n￿5 reLwdEIe. Interest reCt￿d Is the eff¢¢rn Interest irthrrtl dlthd is ￿ThIs¢￿ as the Chart￿5 rfght to re(thed payment Ig ostaWlshJ. Hou51ng Proptle& Countess of Dwby's Almshouw have tjeen for ovw I￿yearS and there Is no ￿r￿ clthe rxiglnal ¢xJ and no valtE Ls attrtlyJted thereto. The rg))rthd c(6t of Housing &Y(vertles relates to lrnt)rovements cathed out Sli)ce 1973 whlch wcrc fund￿ by a Ibuyng car￿3￿(￿ GranL a mcrftoa loan from The Houslrtg corp￿at￿n S￿ured by• thhffdpt￿ h(xsityJ, land and building5 from CountC55 ol D￿bY'S Almshou5e5 own restyJ¥ces. The pmperUesa e5timato1 to hfjTr￿ ll remalnino use￿1 economlc lrfe In excess of A years ond the TnjSt￿ how. thjt in kn)palm&)t rÈv6ew or t￿ h￿sIng prokvues a5 at 31" Mirth 2024, t(xwarlw the Wd1￿ w the fin8nc%41 tp.tnpnts ft) t rernvernNe amount 8nd are sab"led that no IM￿)rr￿rt has ALrordlnolyp they hove contthugj the rollcy no depredatlon Ischaryed on htwsbny p￿￿t￿5, bass that èny charge be irnrrKIiErial to the Arta1￿￿1 gtaieThnt Kouslng Assod4llon Grant The G¢wanment Grant 15 HLwJ5knu C(Ywr8U¢x) Lo rafvce the cost of the devdwrnwL fjrnnt 15 repHY0t￿ ￿￿er ￿rIall1 t￿￿M5￿an￿s, fofkn¥ing the sale rf tlie twrtyi iJtsL wlll n(mnally be re$rikt￿ to net proLrsts of 56k. Tl* Qant & r￿n￿d o¥er Its 50 year sdul wjnomlc Ilfe as dfltrred Incfft. GA-. I?6?9)41_

Inve.¢thents are stated bt ratr ¥4L %￿th goins And ta￿ twredty tc> the Imfestment reseNe. Orltynal c051 r4 in¥esFJrnTrts Is dibsed kn Ihe mtes to the flmncl 5t&ements. Interest on them)rt08oÈ ade￿￿nt Lscapltallxd w>tothedatsrf uxnpktic of thè s¢J)eme. tydlcal Rep8lrs alld MalThtenao C￿￿esS c cwby'g A￿h￿Se$ ha5 establ15￿ a re9ular cycltd repalrs arb malnta7ano. are thiryed to the Inc¢Th arnl Ex￿￿lItUre Account In the year In wttlch Ihey dre Incvrred. extraordlnary Rep4lrs Inoxme and Exktndkntc k(wit In the yair In wNrh they are 1rojn￿. Value Added T4x". eujntess of Dertys 15 regl#ereLI fw Value Ad(￿ Thx. In lthese ffnBnthl st&emnts. T￿ere ap[4￿lAc. cxpendittire 15 sho¥m Inthslve ofvAT. Appo￿0￿￿•nt ol FlnanLt and ￿m￿l$tra￿an £osts are aPFKrUcwJ and SetrV￿ costs on the bas15 that 50% of the FIwbNKf al￿ Adftwtilsir311crfb Cost5 altslbutbtle to sav￿ C(th the ba￿lice to manageffl￿11. esbfjctEd fu￿5 only be used for p3rthyJlar rests1da1 wthln cttS cl the charlty. Re5trtc1U￿ artse then spedfknl by the ￿C￿ryTHhem furKIs0￿ rdsej fryparth)Jl8rrestrfcta1 wrsxJs&& TrUSIEES' EMQLIWEpns Ilo Tru*ees any renKvrathM or twflts ftr the >wren￿ JI Mar(h 2024 ￿r for the year erKIpAI 31 Mard) 2023. GA: 1262Wi_I

INTeRW RetrivABiE Al• OTHEk fH¢op4E Bafik deposlt Interest JwtsTment l•cnm 204 11.210 12,858 13.116 IIM14 EKfEREsf PAYABLE AND SIMZLAR C*IARGES On loDns vthdty or part￿ repayabk In than fve yeats 227 1.220 Thls Is altLrchHrgiw: IAdepetht Examknrt re 2.520 2,520 2,520 2.520 6. STAFF COSTS WapE5 and salar￿$ 12,369 11,529 12369 11,529 Avorjp ntsmberd srarr: -li-

ATQM TAXATION The Counte55 or rJortTry's AknshrAl￿ rtts is a regirtered charliy and Is exenwt f¥th Il•bUitY to raxaton on tts and Cap￿1 Galns. . FJxeD A5SEfs HIXISING PRopeRTXES Cost.. At 16t ￿1 2023 31st Mavth 2024 424,257 424,257 . DwtSYMEfiTS Markrt Wdlue of UK th¥esFThents rowhr f￿￿4rd Ac£wnulotod dlvldeTrd5 UnreaIlv￿ ￿l￿11rdse5I 313.289 12,649 7?68 310,094 LO,999 17,804} ma￿et Val￿ of Investswts at 31st 2024 333,3fhS 373,?e9 The histarical of the Iiivestmwts h&J ts Ell.364 {2023: £11,364). A nwedot*d aDotys15 or¢￿ thm tnve51monts hold be ltyJThJ ￿ page l? a¢¢<wrts -J2-

Atx CReDITORSi AMO¢J￿ts fvlung du• ￿ar. LmÈancy f* IDdepQThI￿t ExamiTrert fee Fresh Servlces RÈpalrs and Red￿rk￿S and Cleanlr¥J ?￿68 2521] 2,568 2,530 4,64E Z,949 5.299 243 18,220 The 8¥er&oe number rfday5 betweth ￿￿￿[¢￿￿#1 pawnt uf was L. -13-

1. CREDLTORS: falllry dtsa after mort than •n• y••r. Vre5h plt %Ja Defer￿d (knnt Tlie Fresh plc loJn Lg iep3yatAe by haltyrly fix&1 p&yments of F.5￿1&99 (IrKlu¢Jlng lfflerestl, and p¥irW amr￿nt YAI be over Mrn than l year fNJt less W?al 2 year5 14LYe than 2 years but less than 5 year5 The II¢yJ￿ng hssojatron 'Ihe Hou￿n9 Corporatlon CthIthL5ter 015trict C[￿J￿1 attd Ch&8e Chadty etc Department of tho En¥1￿mEnt Total Grants -14-

11 IIESER Llnrvstrthl Fu G•neral Fund Fund Baknee fOr￿r at 1st Iprl 2023 (De￿It)IS￿lP1￿ for the fvr Trarfers I￿70 597.754 IS￿93 s￿￿2 17,3681 7.804 at 31st Marth 2024 611.070 13. INVESTVEPIT REVALUAIXOII RtsERVE Th1$ re5¢¥ve rec￿￿5 the unwltsrt galn to the the mwkd Val￿ clknvesiThnts held tts ac the end of the yoartr as trthpar￿ to marorfornal CQSL Mov¢4neni on the R£wve rt)r the y￿r as folows: Fxce55 af market val￿e o¥er cost at 1*3r IS3,4S3 T¥arth.rs 7.366 17,8()41 160,821 153,45J 14. NeT ASgEfs BETWEEN FUNDS rwwlbl• Oth•r n•t •sJet6 Unrestvtcted fuiid lTrve51rnent ttrvaluthon Aeservo Total 424.257 IT2A85 160,821 23.553 619.295 160.821 4N257 22,553 780,116

Maintcnan(e from resldenrs Grants LOSS.. Losse9 lo6￿79 100,739 In6.679 100,739 Dydnk dÈfv)slt Interest Yecelved 204 Dlvklwkls retdwd ILBSB 11,?10 119,795 114153 Ey.ndlttJre: Ccmmunlty Care errryency alarm rertal Warw Rates and C¢xMKII Tax (8.1331 (9,4241 (2,9561 12B,874) iJ,ssJi 1447) 12.501) 15,401) 119.(40) 114,7601 14,5511 16,2191 IL4831 139,4eiJ) {4,4511 {1,4421 12,3521 19,3621 (rdenlng and Cleanlno su1W￿l￿￿￿. a￿￿￿￿51n9￿ et¢ CAS for ¢wtral heaung l and pmfess51onol lee5 AttOUt)thMcy arEd ot*11t fee E&ate Agent¥ oJrnrnL5l￿i {14,2801 Isioi 11.506) 12271 112,369) 1929) 1510) 12541 (J,2201 111.5291 1725) Sundry expon5es frnsh pk- loBn ￿terest M&nager I￿￿1et s¢atldnery 7.368 {7,8041 IS￿9) 5,511 -16-

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