Charity number: 1198776
UNAUDITED TRUSTEES, REPORT
AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023
THE VERNEY
ALMSHOUSE CHARITY
cio

THE VERNEY ALMSHOUSE CHARITY
CONTENTS
Page
R•f•renc• and admini8trativo details of th• Charrty, its Trust•es and advis•rs
Trust••s' report
Slatemtnt of finathcial activiti•s
Balance sheet
Notes to th• financial statements
6-10

THE VERNEY ALMSHOUSE CHARITY
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS
TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2023
Sir E Vèmey
N Vemgy
A Vemey
Charlty re9iSt•red nurnber 1198776
Prin¢lpal otN¢e
Claydon Estate Offiee
M￿dIe C18ydon
BuC￿ngh￿rn
MK18 2EX
Page 1

THE VERNEY ALMSHOUSE CHARITY
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trust866 present their annual rgpwt ioggther ￿1h the financial statsmonts ofthe The Vemey ￿m¥h￿Se Charity forth•
ygar 1 J*nu8ry 2023 to 31 December 2023.
The charity was règbtèrèd As 8 CIO with 8 chaiity ragi5tr8tion number 011198776 on 28 April 2022.
Thè chority èffoctlvely took over the operations of Aknshou$• Chaity of Slr Ralph Vemfry l¢hW number 2034371 on 1
January 2023 with the lomial transfer date being registered al the Charity Ctsmrnisslon as 8 Seplember 2023 and the
property trlo r¢gi$lor <la¢& bakng 31 May 2023.
To aid tho understandlng of the activity of the charity. the comparatfva figums stated are for the accounts of Almshouse
Charly of Slr Ralph Verw lor the year ended 31 D8cember 2021.
Oble¢tlves and actlvltl
. Polici•s and ob￿tly•S
Th& charitls main objective is thg rglief of poverty, hardshlp or distr6ss throu￿ the t*ovision of almslb)usg accommodatio
to People who meetthe ¢harltys quallfi¢atKJn Ixiieria.
In selling objectivès Ènd plAnnlng for acttvitl&s, the Trustee8 have given due consideralon to general guldance publlshed by
the Charity Commis￿on Telating to public benefit. including the guldance Public benefiL running a tharity IPB2}'.
b. Activities und•rtak•n to a¢hl•v• obl•¢tlv•s
The chanty provides lour low cost a1rn5hous&s persons wlthln the ¢hwity's defined ar88 of bènefit and meet the
Charlty's qualification critglia. Thg residents of the almshouses pay a malntenance cOntribu￿On during the terrn ol their
oceupatknn whlch is set 8t an appropriate level to avoid c8u$lng hardshlp.
Fifi•n¢lal rnvl•w
•. Golng con¢em
After making 8pprtspri8te enouhles, the Trustees have a reasonatle expe¢tsliM thot Iho Charity hos adequale resourceB
to wnllnue In operaJonal exisience for th8 for8so&abb futur8. For this reason. they continue to adopt the going concern
basls in preparfng the flnarKlal 5tstemenls. Further details regaidin9 the adoptlon of the gokng con¢em b4$i$ ran bo fouThJ
in tht accountsng wlicies.
b. Revi•w ofth•
The accounts as sel out below reeord thè income And expendlbjre h)WTred in the year. Thg Incom8 expon¢Jiiur6 levels
romain h)w.
As at 31st D•cèmber 2(f23 all four of the tharity's 8lmshou5es ar8 Vacant And in need ol refurbishment. The Twstegs
prgviousty 8ngag8d M8nrfoSt Deslgn W0￿$hOp Ltd. but have now engaged Wollaston Ri)se Arthitects to advise on Ihe
future of the alrnshouses and thelr rèfurbishment. Wollaston Rose Archilects speryali3? In hi¥toric bulldlng conservatlon and
hav6 excellent experlen(£ of working gn 8lm$hous8s and with alm5hou$e ¢haritSe$.
As at 315t Decernber 2023 w01￿8¢0n Rose Architecis have con7p￿tèd an inffjal'optkjns appraisaf for ¢on$id8rathon by the
Trustse5. It is hoped Ihal expkjration ol the options will take place 88rfy in 2024, ￿th lurther acllon agreed thereafter
leadmg to the preparation of 8 clèar plan for the almshouses. The Trustees wll need to ra15e lunds grants and ¢Jonatior
to compht¢ thg rÉfvrbishm8nt ofthe almshou50S.
StnKtur•. gov•rnance and managemenl
a. Cor7sUtutlon
The Vemoy Almshouse Charity CIO is a re9iSter8d charity, number 1198776. and rJ ￿n$14tU1ed under a Constitution of
Charitable Incorporatsd Organlsation dated 28th Aprfl 2022.
Pa9e 2

THE VERNEY ALMSHOUSE CHARITY
TRUSTEES, REPORT {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2023
b. M•thods of appolntment or elecllon of Tvu$t••s
Th8 managamont of th8 Charty is thg r9$pon￿bilIty of the Twstees ¥tho are elected and ctropted und•r the tarms of the
Trust do9d.
Statèment of Trustees. responslblllllg8
The Truste88 are responsiblè for preporkng the Trust06s' report and Ihe finanoal statemonts In accordanco wlh applicabl
law and United Klngdom A￿￿ntIng Standards [unrt￿ Kingdom Generally Accepted A¢wunting Practr"rkl.
The 18W 8pplicable to charitlès In England & Wal88 rewire$ the Trustèès to pr8par& financlal statemgnts for each finartial
year which give a true and fair vi8w of the 5tatts of affalrs ol the Charity and of rts incoming r8$our￿$ and application of
rèsources. including ￿n￿)me and expenditure, forthal parfod. In preparin9 thgsg financial siatements, the Trustses ar
required to..
select suitable 8ccountW￿ policies and then opply them consist•nUy'
obse￿0 the methods and princlples ofthe Charities SORP IFRS 1021-
make judgments and accounting estimates that ère reasonable and prudent,.
slale ￿ther applicaL)lè UK Accounting Standards IFRS 1021 have been followed. subjed to any material
dep8rtures dI￿losed and explainèd in th8 financi81 statements.,
prepare the financAal Stalen￿nts *)n the gthng concem basis unbs8 il is inappropriate to presume that the Charlty
will conlinue in business.
The TNste88 are responSIb￿ lor koWng ad?quate accoun￿Trg records Ih8t ar8 suffidant to show and expf8in the Charitys
transactlons and disclose with reasonable accuracy at any tirne the financi81 posltlon of1h8 Charity and enable them to
nsura thal the finanual staternents cornply with the Charth"os Act 2011, the Charity (Accounts and Reportsl Regulations
2008 8nd the provisions of the Tnjst deed. They are also respon5ibl8 for safeguarding Ihe a5sels of Ihè Charity and hence
forta￿Tr9 reasonablè 5tw lor the prevention and d8t8Ction of fraud and other Irregularits88.
Approved by order of the membèrs of boaril of Trustees and signed on their behaw by,.
N V•m•y
Dale..
Page 3

THE VERNEY ALMSHOUSE CHARITY
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
Unmtrlcted
lund$
2023
Tot¥
funds
2023
fvnds
2022
Not•
Incom• from:
D¢n•tion$ And bgaci6s
Charitablo acbvities
Investments
2.500
2.1100
1,037
1500
2,000
1.037
5.620
975
Totsl In¢om
S.537
5.537
6.595
Expendlture on:
charItab￿ acbvitbs
20,974
20.974
14,298
Total •xp•ndliurÈ
20,974
20,974
14.298
Net expenditure befr>r• nèt galnsl{los$•sl On IbWe$tm•nts
Net gainsllbs88s1 on inve8tment8
115,4371
7.951
115,43n
7AS1
f7,703)
(3.468)
N•t mDv•m•nt In lund$
17,4861
17N86}
(11,771)
Reco￿lI1¥t[On offunds:
Totsl funds brought forward
Net movement in funds
142.676
17A861
142,676
17A86}
153,847
(11,171)
Tgtwl funds carrf•d f￿a
135.190
135,190
142,676
Th9 Ststem￿t of finandal aCtI￿tIeS Indudes all gains and loss$s rwnised in the year.
Thg notss on pag9$ 6 to 10 fomi part of th•s• flnancAal 5tstemenls.
Page 4

THE VERNEY ALMSHOUSE CHARITY
BALANCE SHEET
AS AT 31 DECEMBER 2023
2023
2022
Tangible assets
Investments
129,165
121.214
129.165
121.274
Current assets
Cash at bank and in harHI
6.025
21,462
Net current assets
6.025
21.462
Totsl net assets
135.190
142,676
Charrty funds
Unr83tricted funds
135.190
142,676
Total funds
135,190
142,676
The finar￿4a1 statements were approved and authorised for issue by th& Tru8ts08 antl $lgngd on the* behalf by-
N V•rn•y
[*. 07. 282+
The notes on pag85 6 to 10 form part of these financial 8tat8ments.
Pago 5

THE VERNEY ALMSHOUSE CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Ac¢ountlng poll¢le$
1.1 Bas6s ol y•paratlon of fln¥tn¢lal $tstomtnts
The finanual statèmènts have been propared in 8ccordanc8 with thè chari￿8 SORP IFRS 1021 . Attoun16ng
and Reporting by Charl￿'8s.. Stat8ment of Recommended PrdCtiC8 applicable to eharflies preparing thoir
accounts In accordan¢e wilh the Fin8hcfjal Reporting Standard applicable in th8 UK and Republi¢ ol Ireland
IFRS 1021 leffective 1 January 20191. the Financial Reporting Stsndarfl 8FvIKable in th& UK and Repu￿1¢ of
Ireland IFRS 1021 and lh6 Charities Act 2011.
The financial statements have been prepared to give a IrLt8 and fair, vlew Jnd have departed from the Charlligs
IAccounls and R•portsl R•gulatK*n$ 2008 only to tht èxtent required to provide a Iru8 and lèirf view. Thls
departure ha8 Involved foll0v￿n9 Iho Charlties SORP IFRS 1021 publlshod kn October 2019 rather than
A￿￿n￿n9 and Reporting by Charitles.. Statement of Recornm¢nd•d Praellce effective Imm 1 April 2005 which
has since been wlthdrawn.
The Vèmey Almshouse CharSty meets the d8finitioD of 8 public benefrt entity under FRS 102. Ass8t5 and
abilities are initialty rèeognisèd at hlstorical co$t or transaction value un*ss othe￿ise slated in Ihe relevant
accoljnting pO￿¢y.
Tha d)arty was registsfed as a CIO with a ¢harity r8gi5tration numb￿ of 1198776 on 28 A￿￿1 2022.
The charity effgctively took over th8 op8ratw)n$ of Almshouse Charity of &r Ralph Vemey (charity numbèr
2034371 on 1 January 2023 w￿h the fowmal transfer date being regi81eTed 91 the Charity Commlssbn as 8
Seplernb•r 2023 and the propety title registèr dAts boing 31 May 2023.
To aid the undèrstandSng of the ath.mty of the charty, thè comparative figures stated are forth8 final aceounts
ofAlmshou8e Charity of Sir Ralph Vemey for the year ended 31 D¢cemt*r 2021.
12 In¢om•
Al incom 1$ re¢Og￿Sed Or￿ the Charfty has entitlern8nt to thè in￿r￿, tt Is probable that the Income ￿11 bo
rKoived and th8 amount of incorn• r￿efvable can be measured reliably.
I￿￿16 tax rocovorable in relatIC￿ trj Inv¢stmènl ineomè Is r8cognlse(l at thg tsmg th8 4nveslrnent income is
eivable.
1.3 Exp•ndMwe
Exponditure Is rocognSsed once there Is 8 leg81 or congtructfv8 obligation to transler economic benefit to a Ihird
party. it is probable that a transfer of erxjnomlc ben8fit5 will be reqUI￿d in settbmenl and tho amount ol the
obli9ation can b8 rneasurod r•liabty. ExperÈdilurg is classified by ÈdNity. The costs of earh adivty are made
up of the total of direct costs and shared costs. induding $uppNt costs Inv￿ve￿ in undertaking each actiwty.
Dlrect Costs attributable to a SIn￿e actlvtty are allocated directly 19 that acti￿ty. Shared cost5 whlch contribute
to more than one acdvlty and support costs which a￿ nol attributable to a 5￿gI8 actiwty are apportioned
bemeen those actmts.es on a basis con818tent wlth the use of ￿SourCes. Central staff wsts ars alh)cated on
the b8$is of )mg 5penl, and d*preciation Charoes allocated OA ttta portion of the a$sel's use.
Expendiiure on ch8ritab18 8¢tiviti8s is incurred on underlaknng the activtb8s vthich lurther Ihe Charitys
obJectNes. as wel a$ any assouxted support costs.
All exp8nditure is indusNe of Irrecover8b￿ VAT.
Page 6

THE VERNEY ALMSHOUSE CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
AccountI￿g p¢ll¢l•s {¢ontknugdl
IA Ib)ve8tments
FrAed asset investments are a lomi of ffinan￿#1 instrument and are init￿91￿ reeognised at thelr trans8¢iron cost
and $ubsequ8ntty m8asureil at fair value at lh8 b81ance sheet date, unless the v81ue cannot be measured
rèliably In which case il is rngasured al cost less imp8irrn8nt. Invgstment 9alns and Ioss8s, whethei realised or
unrealised. are combined and wesontÈd as 'GaSnsllLoss&sl on invastments, in the sta￿rnent of flnanrAal
activitb$.
1.5 Fund accounting
General funds are unr85trKted funds %thlch a￿ availablg for usa at the discTetlon of the Tru5t885 wi furtherance
ol the general obkctives of the Ch8rity and whiL* have not been dèsignated for other purposgs.
Inveslrnent income. gain5 and losses a￿ allocated to the appnprfate fund.
Incom• from donatlonq and 1ogaci•s
Unr•strl￿èd
fvnds
2023
Total
fund
2023
Tol
funds
2022
Donations
2.500
2,500
Income from eharitablo actlvhhs
Unrestricted
funds
2023
Total
funds
2023
Total
funds
2022
Ineome frc#n charilablo 3¢tNltia$
2,000
5,620
Total 2022
5,620
5,620
Page 7

THE VERNEY ALMSHOUSE CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Inv•slment In¢om•
Unrestrlcted
lund8
2023
Total
funds
2023
Tot81
funds
2022
Invtstrnenl irtome
1,037
1,037
975
Total 2022
975
975
Anatysls of •xp•nditur• by •ctivi¢i¥¥
A¢tivilie$
undèrtak•n
diréctly
2023
Total
fund8
2023
Tot81
lunds
2022
Diract costs
20,974
20.974
14.298
Total 2022
14,298
74.298
Analyals of diro¢t ¢osts
Total
fvnds
2023
Tol&l
runds
2022
Aclivlt1•6
2023
Almsh¢Juse rates
8.445
8.445
5.139
90
2,101
1.265
Electsicity
Rèpair$ and malntenarKe
Insurance
Sundry expenses
Profossronal Fee$
126
5,448
126
5.446
844
6,113
6.113
5,404
20,974
20.974
14.298
Total 2022
74,298
14,298
P8ge 8

THE VERNEY ALMSHOUSE.CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
TNstee•' Temuneralion and expense$
During the year. no Twslees received any rtmunerats.c￿ or other bengffta {2022- £NILI.
During Ihe year endgd 31 D*cemb8r 2023. Th) Twstee expgn$85 have been Incurred (2022- £NIL).
Tangible ffix•d assots
The chorlty holds a number of 17th C•ntury properti8$ in the babnce sh8•t, transforred from Almshouse Charity of
Sir Ralph Vèmoy. ènd Ihe original cost 18 de8m8d te be negligible. It was not consid&red to be of ben8frt to use
charity funds for a fomal Valua￿on and thereforg, as at the balancè sh8•t date they have a ￿t bc¥)k value of £Nil
{2022'. £NI.I
Flxed 4¥8gt i￿•41￿￿n*$
Unlist•d
Inv•8tmw
Cost or valuation
At 1 Januwy 2023
Revaluatbns
121,214
7.951
At 31 Decernber 2023
129,165
Summary ol funds
Summary ol fund8- ¢urr•nl ￿#T
Balance at 31
D•¢omb•r
2023
Balan¢e at 1
January 2023
Galnsl
ILo8¥9¥1
Income
ExpèndStur•
General fuNJs
142,676
5.537
{20.9741
7.951
135.190
Summary offvnd¥ . wlory•ar
Balancg *
l J8nu8ry
2022
B818nce 8t
Gein* 31 D￿mb
(Loss85J
3032
Inm Exper￿N￿j
General funds
153,847
6.595
(Y4,2D8J
(3.4681
142.676
Pag8 9

THE VERNEY ALMSHOUSE CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
10.
Analysis of net assets belwn fund•
Analysls of net a58eis b•iw••n fund$- current year
Unr•strkted
funds
2023
funds
2023
Fued asset Investmenls
129.165
6.025
129.105
6.025
Current •$sst$
Total
135.190
135.190
Analys1$ •f ngt ass•ts b•tw••n funds- pritir y•ar
un￿$tricted
fvnds
2022
Tot
funL15
2022
Fixed asset investments
Current assets
121,214
21,462
121.214
21.462
142,676
142,676
Page 10