WESTERHAM ALMSHOUSE CHARITY REGisfERED CHARITY NO. 1192970 REPORT AND FINANCIAL STATEMENTS FOR THE PEIUOD I JAIYUARY TO 31 DECEMBER 2024 colEN15 Rem ofthe Tnth¢¢s Stat¢ment of Financial Al¥ltieS Notes to the Fin8ncial Stst•nen
WESTERHAM ALMSHOUSE CHARITY REPORT OF THE TRuEEs The Trustees pr¢s¢nt their report and the Finan¢ial Stat¢rnents ofthe CharÉty for the period from 1st January 2024 to 31s¢ Drfember 2024. TheK have been subjecl to independent examination as reported on page The Chority wos originally established as Morelon Ahnshouse Charity by a Trust Deed dated 19 November 1874. It was merged with Westerham Parochial ChltieS under a new Trust Deed dated 4 December 21Y)6 and its name was ¢h8ng¢d to Westerhatn Almshouse Chority. which w&$ Tegisiered with the Charity Commission (No. 212065). On 4 January 20218 CIO w&8 established and regi51¢rcd with the Charity Commission (No 1192970). On 27th May 2021 the Charity Commission granted perniissii)n for the merger of th¢ 0ri8inal chgrity and the CIO. On 14 July 2021. the two ¢hariti¢s mer8ed, and the &ssets were tranSfed from the unincorporated charity (no: 212065) to th¢ CIO (no:1192970). The unincotporaied Charity (No 212065) deregistered &9 of The purpose of the Charity remains to provide housin8 for the 8eneral benefit of thoK with limit¢d m¢8ns in housing need. During 2024 the Charity ntinued to provide good quality housing for 17 residents in Wes*rh8m without SI1r1¢8nt vacant periods. Further the Charily ¢onlinue5 to be able to afford maintain its propertie5 gnd maintain its reserves for future maintenance from the funds. The public address of the Charity is: clo Karrison Property, 16 Markel Square, Weslerham TN16 IAW. RESERVES POLICY Most of the reserves of th¢ Clwity ar¢ d¢3i8n8t¢d eith¢r as propty r¢5¢ry¢5 (lo r¢flcct funds pwmanenily invesied in propety) or as future repair reserves (to GUMUlate OJnd5 forthe medium long-lem mainlenance of propety). It is the policy of the Charity to ensure that free resery&q (Accurnulat General Regerve) should not exceed one and half year's utrestricted expenditu. TRuEEs Th¢ Tnlee8 who seryed during the period were as follows,. C F K Warde (Chair){cx officio) J P Southworth Treasurer M P B&sing {nomIned> Rev D Fox-Brartch (ex officio} G J Jackson (nominaidl H Kclso (nominated J A H Taylor-smith MBE (nominated) M C H Mountjoy (nominated) The operation of the charfty Is carried out by the Th18lee5 with the assistomce of the Clerk to the Tn. Tr Charity's 8overn8nc¢ scheme provides for three cl&8ses of TrSteeS who are appointed as follows: Two ex officio tNsteA one is the Vicar of the Eccleyi&sti¢g1 Parish of St. Mury. We$terham and one is 4 representative of Squeryes Court and both serve 88 trustees lon8 they hold their respective otTice; Nominated ttv8tee$ {mlmuM of 4) aTe nominat¢d by the Board and serve 5 yeAr ternis, 2 of the nominated lees tnust live in or work in the Ecclesiastical Parish of Crockham Hill. CothQPt¢d Iwstees (m&ximum of 3) are made by the tsvstees at a special meeting Called in aordanCe with the scheme for a te of 5 yeors. TRUSTEES. RESPONSIBILITIES Ii is the Trustees, reSnSIbIlity to prepare Finan¢i81 Statements which give a tNe and fair vi¢w of th¢ sla¢e of affairs of the Chartty at the end of eh financial ye4r 8nd of th¢ surplus or deficit for the yearthen ended. In preparing financial statements, the Trustees are required to: s¢l¢ct 3Uitable accountin8 policies artd apply them consistently. make judgements and estimates that gre reasonable and prudent: follow applicable AccountinB Stondards. 8ubject to any Materi departwes di108ed and explained in the Financial Ststements. prepare the Financial Ststements on th¢ going ¢o)i¢ern basis unless it is inappropriate to presume that the Charity will continue to operate.
WESTERHAM ALMSHOUSE CHAIUTY REPORT OF THE TRUSTEES The Trusttt5 8re responsible for maintaining adequa¢e acwunting rerds. for safeguarding the assets of the Charity and for takin8 reasonable steps for the prevention and detection of fraud and other regularities, The Trustees ar¢ also requiTed to indicate where the Financial S¢a*m¢nts pre prepared other than on the basis that the Charity is a going concern. Sied on behalf of the Trustees C F K Warde Chair
WESTERHAM ALMSHOUSE CHAIUTY REPORT OF THE INDEPENDEI¥T EXAMINERS TO THE TRUSTEES We report on the accounts of the Charity for th¢ period l# January 2024 to 31st Dernber 2024 whith 8re s¢t out on p&ges 4 t Rupective reJpDnsibiiities oftrujtees and examillers The charity's tnlee9 responsibl¢ for the pr¢p8rntion of the accounts. The charity's trustees consider that an audit 1$ not reiwired for this Y under section 144 of the Charities Act 2011 (th¢ Chorities Act) and that an independent examination is needed. It is our responsibility to: examine the accounts under se¢tion 145 of the Charities Aci: to follow the proc¢dures laid down in the G¢n¢ral Dirertions 8iven by the Charity Commission (under section 145(5)(b) of the Charities ACL and to whether particular matters have come to my attention. Basls of Klldependenl exAmitt¢rs' r¢port Our examination wa5 caled out in accordance with the Genera] Directions given by the Charity Commission. An examination includes a review of the acwunting records kept by the charity and a comparison ofthe accounts presented with those Tecords. Et dso includes consideration of any unusual items or dis¢losures in th¢ accounts. and seektng explanations from the trustees conceming any such matters. The procedures undertaken do not provide a]1 the evid¢nce that would be r¢quir¢d in an audit, and ¢ons¢qu¢nt]y no opinion is giv¢n os whether th¢ accounts present a'thue and fair, view artd the report is limited lo those matters 5¢t out in the ststement below. Independent examlnery. Statement In connection with our examination, no matter has come to our att¢ntion: which gives us reasonable uSe to believe that any material re5pec( the requirements: keep accounting rdS in 8¢wrdance with se¢lion 130 of the Charities ACL and to PTepare accounts which accord with the accounting records and comply with the accounting requirements of th¢ Charities Acl have not been meL or 2 to whidL in our opinion. atterttion should be drawn in order lo enable &proper understanding of the a¢¢ounts to be reach¢d. CHEUSTOPHER COOK BA FCA For and on behalf of Cook & CO Accourttants LLP Chartered Accountants & Statutory Auditor Riverside Business Centre Rivmide House River Lawn Road Tonbridge TN9 IEP 13 October 2025
WESTERHAM ALMSHOUSE cHARy STATEMENT OF FtNANCIAL AcfiviTIES FOR THE YEAR EI¥DED 31st DECEMBER 2024 Note 2024 2023 INCOMING RESOURCES Mainten4nce contribulions Investment and other income l(b) 139.353 47.192 186.545 140,015 34.025 174,040 Total Incomlng resources RESOURCES EXPENDED Int¢rest payable and similar charges Property and adminA$tration costs Routinc maintenance Cycli¢8V¢xtraordin8ry mRintenance TotAI r•soure•s expelld 93,865 25,256 13.933 133,054 65,556 15.605 8,485 89,646 NET INCOMING RESOURCES 53.491 84.394 TRANSFERS BETWEEN FUNDS Future repairs reserve NET INCOMING RESOURCES AFTER TRANSFERS 53,491 84,394 unalISed inv¢slmenl gainsl(losses) NET MOVEMENT IN FUNDS 53.491 84,394 Balance brought forward 821.452 737.058 ACCUMULATED GENERAL RESERVE AT 31 DECEMBER 874.943 821.452 STATEME] OF TOTAL RECOGNISED GAINS AND LOSSES There are no reCOlsed gains or losses other than those included in the above Siatemeni ofFinancial A¢tivitie5 for the ¢urr¢nt period.
WESTERHAM ALMSHOUSE CHARrrY NCE SHEET AT 31 DECEMBER 2024 N¢ 2024 2023 FIXED ASSET3 Housing prowties 158.518 158,518 Long tenn investments 621,859 577,141 735.659 CURRE1 ASSETS D¢b¢ors Cash at bank and in hat 5,496 91.602 97.098 2.500 84.477 86.977 CREDrroRS Amounts falltng due within one year -2.532 -1.184 NET CURRENT ASSETS 94.566 85.793 TOTAL ASSETS LESS CURRENT LIABILITJES 874.943 821.452 CREDITORS 874.943 821.452 CAPfTAL AND RESERVES Reserves Accumulated general r&serve 874,943 874,943 821.452 821,452 These Fin8nci81 StatenThts w¢re approved by th¢ TneeS (ffl 8110r2025 and sId on its behrby. CFKWard¢ Tnjstees J P Southwoffh
NiyfES TO THE FINANCIAL STATEME for the perk)d l Jttth4ry 2024 to 31 De¢ember 2024 I. PRtNCIPAL ACCOUNfiNG POUCILS a) Batis ofdeeowiiinl. The Finatt¢ial sWeMety I PTepw&l under the hislori¢al ¢oM b8sis of a¢¢ountin& and in accordance with the Financial Rryorting StandoTd 102. The accounts are pryard on a going concem basis. 4$ there are no meri81 unLYrtainties relwed io ¢v¢nts or Conditions that C88t Significant doubt on the charity'3 ability to continue &8 a going c4)ncem. b) Twnover Turnover represents maintenance contribution5 receivable from residents durin8 the year. includin8 ch8¢$ for light he. c) HO8 PrOrtieS Ho]ng Pm1rticS are Counted for & valuation as at 14 July 2021 when the uniftcoryorated charÉty W&8 merged into the CIO. The proFtrties are noi depre¢led as the Charity expenses all maintenance costs whrn Se¢ Ne 6 for more detail. d) Imrsinxn13 Fixed &qset investments And current a¥sei investments Ire swed markth va]ue. Inveslment income is a¢yAled for on ¢nlS bosis. Curr¢nl 8s3¢t inv¢slnJ¢nts or¢ re8arded &8 held Èmarily to xcumu181e fillmls for futu repair a)s e) Repair wendifyre All repair expenditure, whdh¢r routi cyclical or extraordinary. is ¢har8ed revenue in the y¢or in which it is incurred. Future Rep7ir3 Reserny A reserye is held representin8 9rn(Amts set 8sid¢ for cyclical and extr2•)rdin8ry repaits which become neccs5Rry from lime io time durin8 the life of the buildings. The amounts set aside ore (except in yeors of exwiditure) at le&8t equd to thc amounts recommended by the Almshouse Asso¢iatiffl for the Cyclical ond Exfraordin8ry t¢pAir w¢gori¢s. 8) Propety Investn Fund This represents the book value of prowies oth by th¢ Charity. pnd athiowledges the fact that reserves equivaleni to this value &t not available in liquid forn). h) Value Added Tar The Charity is not re81cted for Value Added TaK In these Financial Ststements expenditure is shown inclusiv¢ of VAT wh¢re r¢l¢vonl. TRUSTEES, EMOLiJMENfs A]¥D EMPLOYEE INFORMATION None of th¢ Trttee$ receives any emoluments. A total of £6.642 was PAid by way of fees lo Ihe Cltsk to the Tru5es durin8 the perifya. Thue are no oth¢r employees.
WESTERHAM ALMSHOUSE CHARITY NOTES TO THE FINANCIAL STATEMENTS for the pcriod l January 2024 to 31 De¢¢mb¢r 2024 TAXATION As a registered Charity. Westerham Almshouse Charity is exempt from liability ¢0 18xaiion on its income and capital gain& FIXED ASSETS- HOUSING PROPERTIES (FREEHOLD) Moretons Court (C05t) Collthetst Willards (Cost) (Valuation) Total 2024 Cost orv11#110tt Al l Jonuary 2024 At 31 December 2024 33595 158 518 33595 158 518 67.517 Moretons Court Wds consiTtsCted in the late ftineteenth ¢entury. Ther¢ 18 no re¢ord of the original Cost and no valu¢ is attributed therto. The cost relates to improvernents rIed out in earlier years (£30,322) and Enor¢ r¢)tlY the conversion of th¢ existing accommodation to provide 12 selfqcontained apartments (£329.964) which wa5 partially fimded by a grant from the then Housing corporatio and a mort8a8e loan of £64,861 advanced in March 1989 from the same source (secured by a charge on Moretons Court). The loan was repaid in April 2019. Colltherst Almshouses (in Vi¢arage Hill. Westerham ) was renoval¢d and r¢fvrbish¢d in 1999 to produce three selfacontsined ap8rtments. The total cost was £220,739, partially defrnyed by a granl of£98.947 from the then Housing COratIon. Willards is a twouunit property in New Str¢¢L Wterha, and is stated at a valuation made in 2000. le55 subsequent depreciation. All Properties were transferred io the CIO on 14 July 2021 at the then stated book value whi¢h is shoMTr above. The properties are not dePlated as all maititenance and improvements expenses are Cha to income by the Ch8Jity when incurred.
WESTERHAM ALMSHOUSE CHARITY NOTES TO THE FINANCIAL STATEMENTS for the perlod 1 January 2024 to 31 De¢embor 2024 Note S INVESTMENT AND OTHER INCOPAe 2024 2023 Acojmulatton share incomè Dwid•nd incom• Othw hKom• 47.192 34,025 47.192 34,025 FIXED A88Ef8 Freehdd propwty Moretons Cwrt c0Hth WIIL•rd• 67.517 57.406 33.595 158.518 07.517 57,406 33,595 158.518 621.859 577,141 Total fix•1 780.377 735,659 8 CREI)ITOR8: knounts tslllng du• Tlthln ryb• y••r 2,532 2.532 1,184 1,184 9 PROPERTY AND ADMIN18TRA710M C08T8 Irour•n¢o He4ltng dlIghl7 Watw ¢hirg•8 8,583 28,759 4.288 7.434 3,369 16,548 8,998 75.959 5,325 26,944 4,101 2,862 4,221 14,055 SrIty 57,508 6,642 2,438 5.889 62 1,318 1,557 17,906 5,000 1,140 Irthp•ndent EXInl Reffla Leg&1 fe8$ 88nk th8ry89 Subs¢rfpll Sundries 1,100 8,048 93,865 65,556