2023-12-31-accounts

Deddington Charity Estates 1188691

Annual Report 2023

There has been some changes to the trustee body this year. Mr J Sampson retired as Chair, due to ill health, Mr M Liebrecht took over as Chair; our incumbent Ms A Goldthorpe retired and moved from the village; two new trustees were appointed.

A new resident was appointed to one of the alms houses following the death of the previous occupant and an extensive refurbishment of the property. Three applicants were interviewed. The number of people waiting to apply for an alms house increased to six by the end of the year.

A deep clean was undertaken at one of the alms houses, whilst the tenant enjoyed some respite care at a local care home. A major water leak was detected and repaired which was covered by insurance.

A major project to repaint the exterior of the Town Hall was undertaken and the alms house refurbished windows were also painted as well as the front doors.

Work has begun in reviewing the Undercroft of the Town Hall with some restoration and insulation work being considered for 2025.

There have been no voids in rental income during the year with small increases in WMC from the alms houses and the rental of the Undercroft from the Deddington Market Group.

There has been a small investment in the alms houses security to benefit access for both tenants and the Property Manager.

The Property Manager continues to manage all maintenance issues at the property.

The extra curricula Art Teacher at the local Primary School continues to be supported by the charity and a full year’s cost was covered.

The Chair and Clerk attended a day’s training “The Alms House Way” in November triggering a comprehensive review of current policies and procedures.

The outstanding matter of the registration of the assets still lies with the Land Registry.

THE DEDDINGTON CHARITY ESTATES- C I O CHARITY NUMBER 1188691 INCOME AND EXPENDITURE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 Funds @ 1.1.23 Barclays Cla Cambridge and Counties Bank Redwood Bank INCOME Rents.- Field Tenants- Almshouses Town Hall 13571.70 87079.19 46041.36 146692.25 1787.50 24150.00 6000.00 31937.50 2668.01 50.13 0.00 0.00 Interest Wayleaves Lettings Deddington P C - lights.ng 34655.64 EXPENDITURE Alms Houses Association Insurance Independent examination 153.00 3326.90 150.00 Almshouses: Repairs & Renewal New equipment Ser¥icing PW Properties Thames Water T V Li￿nCe Christmas Boxes Refurbishment number 3 2003.31 603.90 258.00 3000.00 719.20 7.50 120.00 17200.03 23911.94 Town Hall: Repairs & renewal Service Redecoration - extemal 273.00 72.00 12034.31 12379.31 12379.31 2095.00 342.00 1146.65 School Bursary Redevelopment of TIH Misc 43504.80 Excess of expenditure over income -8849.16 Funds @ 31.12.23 137843.09 Represented by:. Bardays Cla unpresented cheques 7577.53 523.00 7054.53 84081.18 46707.38 Cambridge and Counties Bank Redwood Bank These accounts hace been approved and accepted by the Trustees on.......................... Michael Liebrecht - Chairman Mrs Julie Westley - Clerk Co-ordinator

THE DEDDINGTON CHARITY ESTATES CHARITY NUMBER 1188691 ASSETS OWNED BY THE CHARITY ALMSHOUSES Four Almshouses in Church Street valued for insurance purposes at a figure of £1.4m. TOWN HALL Town Hall in the Market Square valued for insurance purposes at a figure of £1.4m. AGRICULTURAL LAND Agricultural land known as The Pesthouse Fields Deddington comprising 15.290 acres of pasture and 12.383 acres of arable land making a total of 27.673 acres. Say a value of £2,500 per acre as some of it is very hilly would equate to £69,182 rounded up to £70k for valuation pU￿oses. This gives an overall valuation of £2.87M as at 31 December 2023. C J Twomey Hon Treasurer Deddington Charity Estates 14.1.24.

Report of the independent examiner to the Deddington Charity Estates CIO

This report on the accounts of the Deddington Charity Estates CIO for the period ended 31 December 2023, set out on the attached page, is in respect of an examination carried out in accordance with section 145 of the Charities Act 2011.

Respective responsibilities of the trustees and the independent examiner

The trustees are responsible for the preparation of the accounts.

On the basis that the trustees consider that the audit requirement of section 144(2) of the Charities Act 2011 (2011 Act) does not apply, it is my responsibility to follow the procedures specified in the General Directors given by the Charity Commissioners under s145(5)(b) of the 2011 Act, and to state whether particular matters have come to my attention.

Basis of the independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. The examination included a review of the accounting records maintained by the treasurer and a comparison of the accounts with those records. It also included the consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from you as the trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

1. which gives me reasonable cause to believe that in any material respect the requirements

2. to keep accounting records in accordance with section 130 of the 2011 Act; and

3. to prepare accounts which accord with the accounting records have not been met; or

4. to which, in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached.

N Westbury BSc (Hons) FCCA Bloxham Banbury Oxon

4 March 2024