(IO REGFSTrAYIOII NUM6ERCE0301Y4 ANNUALREpoKfAND UPIAUDITEDACCOUNTS FOR THE YEAR EMDED 28 FEBRIIARY 202S (hwlty Number 121K1297 BUSINESS ADVISORS The 6rènary Hones Yard I Waverley Lane Farnham 5urrev GU988B FINANCIALStATEMEp¥rs YEAR ENDED 28 FEBRUARY 201S COPffENTS PAGE Tnjstees Anmial Report Ito4 Independent examlner's report to the membets ststement of finan¢ial artNities balan￿ sheet Notes tothe financia15tstements 5AMPSOWSALMSHOUSES TRusfEES ANNUAL REPORT YEAR ENDED 28 FEBRUARY 2025 Thetrustees presenttheirannual reportandthefinanclal ststements of thecharitable rncorpjrated org8nlsation iool for the ye¥ ended 28 February 2025. The fjnandal statements compty with the charitrfs trust deed. thè Charlties Act 2fiiL and the CharRles Staternert of Recommended Practice ￿sued In Odober 2019 and Financial ReportFngStsndard FRSIO2. The trus￿ tonffrni thatthey have complied with the duty in s17 of thè Charities Act 2011 to have regard to thè publlc benefit guKlance published by t￿ Charlty CommL%sion, w￿n revipwinB the CharWs aims and objectives and In planni1¥ futureactmtie IIEFERENCE AND AIJMINisfRAThE DETAILS Reslst¢red charlty blame Sampson's Almshouses 12Q)297 CIO r¢*tratloTr M¥*b¢r CEQ3Q174 P*lndpal offl¢¢ The Clock House Dogdud Wav Farnham Surrey GU9 7UD The TRUSTEES The trustees who served the charfty durln8 the Forlod aTh4 srnce the period•nd were ¥s follow5: Reyd D Ufflndell Ichzirl Mr N Marriott Mts 5 Leach Mrj Allen Mr M Bere2itki (appointed 9 Aprll 2024) Miss J P Clay Iresigrtèd 9 April 20241 Ms L Clarke (resigned 20 Au8USt 20241 UerktothÈTrustees Mrs A Kettles(￿51gn*d 22 April 20251 Miss T. Bames lappolnted 22 April 20251 Prfndpal bank•rs CAF Bank Ltd 25 Kings Hill Avenue Klngs Hlll West Mallln8 Kent ME194JQ Independent &Yamlnw Mr & P. F. Howell FCCA TC Group The Granary Hone5 Yard I Waverfey Lane Farnham Surrey GU98BS SAMPSO￿$ ALMSHOUSÈS TRVSTEES ANNUAL REPORT YEAR ENDED 28 FEBRiIARY 2025 Property man4ers Greenb￿ Property Manasement Ltd Clock H￿se Dogfivd Wav Farnham Surre¥ 6U97UD 08JECllVES ANO AcrivmES The object of the Charitable Incorporated Oigantsatlon Icio), formed on 7 September 2022, Is to asstst In relievln8 poverty amon8 peopleof good characterwho areconnected tothe Church of England, in particular. by provldlng such pw50￿ wlth almshouse 0￿mModatIon. wlthln the area of Farnh3m, which they could Trot otherw5se afford thiou8h lack Of mean5. ApFIic3nts should be£ap£ble of indepwmlert living. Housing neeé isthe m05tlmportantfartor In oppointingthc¥sewho meetthE Other£r￿er13 to be rastdents. Th859 obje(tivesfulty meèt the publlc b￿￿fit requlrement. Provision of &¢ommodatitX> to thosè fn houslng need ts clearfy beneflthl. The definltlon5 ID terms of location and personal ciThmstsnces are enou8h to covera large nUM￿r ol people sufficlent to constkute a publi¢ clw. The charity holds in trust. adminlsters and maintains the property and grounds of 1-16 Sampson's Cotta8es IwldEty known as'Sampson'5 Alwthouse5"1, West Street, Farnham forthe use oftheir resld*nts. ACHIEVEMENTS AND PERFORMANCE We have prepared a re￿IeW of the twelvtrmonth pe11r￿ from l Marth 2024 to 28 February 2025. DurinB the period the Trustees corflnuedtheir workof property maintenance. Some £52JJOOwas spent refurb15hln8property nuJnbers2 & 13. Thegutteringwas a150 repkced a5 P*t of the rooflng repalrs undertydken Dn properties 1-5. Fencing wa5 repkced acf055the slte. The Trv51ee5 continLFed g<)gd contact wlth resldekts through regular vLslts and gave reassjjra1￿ and advice on thelr wellbelng and property upkeep. There were no slgnlftcant arrears at the peAod end. TheTrustees considerthe role of mana8in8 a8entto be benefi¢lal forthe rna1ntenan￿ of the propertles and fjreenbric Property Management Limrfied act as mana8iD8 a8eTrl. David uifindell continued as Chair of the Truste•s. Tonl Bames Is the newclerk to the Trustee5. hav1￿¥ repla￿ Anr* Kettle5 during April 2025. &4MPSQN'S ALMSHOUSES IRUSTEES ANNUALREpoKr YEAR ENDED 28 FEBRUARY 2025 FINAI4CJAL REVIEW At the end of the period, the th?ritrfs reserves show a baknce of £2.898,88512024 - £2.8705421. The free resetves avallable to the charty totals £213,995. Resetves The Lharity accumulates funds in the Cydical Maintenancé Fund and the Extraor(liNry Repair5 FuTrJ accordir¢ to the formulae prepared by theAlmshouseAssoctatknn or mpre If necessary. Theseare deslgnated fund Each year a transfer i8 made between these fvnd5 and the revenue reserye of the net drfference between the 5uEn5accumulHted in the designated funds andtheamounts pxpended as cyclKal Malntena￿eand extwJrdinBry repairs as opernting¢tss PLAN5 FOR FqmJRE PERIODS Regular annual revlews ofthe Wmcin line wlth the budgetlng prrfe55 prescribed bytheAlmshous2*i%sociation wlll ensurè tfrtat the Charity is able to facilitate a pro8rnmme of upgradin8 the propertles, especially when vacan¢les arlse and placing partrcular emphasi% on phased central heating boller repla£ements and repia¢ir exlstlng sIng1￿laZed windows and upgradln8 to doubJe*lazed unSts. STRUCfURi GOVERNP14CEAND MANAGEM&¥T GOVERNIMG DOCUMEr Sampson's Almshtsuses ts a charStsble Irscorporated organbsatlon govemed by Irs regtstratlon with the Chartty Commission on 7 September 2022. RECRuftMEMT AND APPOINTMENT OFTRUSTEES New trustees a￿ apwinted by the trustees from local people with appropriate skills. ORGAMISATIONAL STrUCTURf The charity is controlled bytheTrttstees. Trustees durlnÉ the perlod a￿de￿iltd on ￿ge l. Thetrustees have appointed a dwktoadminlst•rthe Char￿ and its propertiekThe dÉrk reportSto thetrv5tee5 aL at least. quarterty meetlngsl wlth frequent e4rall and telephone COAtatt between meellng5 as necessary. R15KlaANAfjEMEt The Trustees have a dsk registerfortheir revtewand comments. The mJlor rtsks towhith the th3rity Is exposed. as identified by the Trustees. have been reviewed and systèms have been establrshed to manage thD5e r￿ks. It40EPENDEP4T LYAMINER Simott Howell. FCCA. of TC Group. has been re-appoSnted a5 indwdent examintrfor theensuingyear. SAMPSONS ALMSHQUSES TRUSTEES ANNUAL IiEPORT YEAR ENDED 28 FEBRUARY 2025 TRUSfEES' IIESPONSIBILMESSTATEMENT The trustees are responslble lor preparing the Trusiees, Annual Report and the financiMI statement5 in accordance with HpplKabk lawand United Kin8domAccountin8 Standards (United KinBdom GenerallyAccepted Accountin8 Practice). The law applicable to tharities in En#and & Wales requires the tntstees to prepa￿ fi￿£181 ststements foreath financial year which ¥ive a true and falr view of the state of affalfs of the chzrity and of the incorning re50urce5 and appllcation of resources of the charlty for that perlod. In preparlngthese flnanclal statements thetrustees are required to: • selert suItsble accountln8 pollcles 3ndthen apply them conslstentlw, observe the m*hods and prin¢iples in the Charities 50RP 2015 IFRS 1021,. make Judgernents and estjmates that are reasonable and prudent,. • stats whéthÈr applicablÉ UK Act￿J￿ting Standards havè been followed. subject to any matsrial departures dtsclosed and explalned in the ffinanaal statements; prepare thèfirtantial statements on thègts1￿ concÈrn basls unltss It Is Inapyopriateto presume thatthe ¢harlty will cortinue In operation. The trustees are responslble for keeping proper actouTrtlng récor¢ls that dlsclose wtth reasonable accuracy at any tlme the financlal position of the charlty and enable them to ensure thot thè financial statemènts tompty w￿h theCharitie5 Art 2011, Theyare also re5pon5fDle fprsafe8uarding the assets of the charltable company and heno ftjrtaking reasonable stèps forthe pr￿ntIOn aThd detectlon of frnud and other irrewlaritie Thi5 reportwas approved bythe trustees on ........................ and 5r&ned on its behalf. Rev D Uffjndell lu￿1r) DEPENDENTEXAMINER'S REPO¥￿ TO THETIIUMES OF SAMPSOWS AiMSHOUSES I reporttothed￿rltytruSt¢es onfflyexaminatb)n 0fthe￿)UrtS0f the Ghgrityfortheperlod ended 28February 2025 which are set out on pages 6 to 13. RespOn￿bMtlOs and basis of r•p(*rt A% the tharity trustees you are responsible for the preparation of the accounts kn arz(ffdance wlth the requtrernents of the Charlties 20111 theAcY). I repcrt In respecr of my eKamlnatk)n of the ¢harltys carrfed out under secdon 145 of the Act and In carrying outrny examination I havefallowed all the applicable Direttions8lven by the Charity Commlsslon under section 145(5llbl oltheAcl. Independent ex•Mlner's statem*nt I have completed my examination. I confimi that no materfal matter5 have come to my attentkjn In ccfflnection wlth the examlnatlon gtvlng me cause to belleve that In any material respect= accountlng records were Thot kept in respèct of the charlty as requlred by se¢tlon 130 of the A¢ or thè accourntk do not accordwtth those rec(Yd5: or the accounts do not complywlth thÉ applkable requlrements Concerni￿the lornand cont*ntofaccouMS set out In the Charlties (Accounts and Reports) Re8ulatlgn$ 20C6 other than any requirement that the accounts8ivq a'trueand fairvie%rf which is not ¥ matterconsidered aspart of an independentexamlnatk)n. I have no¢on¢wns andhaveuiklin8S At l March 2024 28 February 2025 94000 NET BOIX VAWE At28 Febnmry 2025 At 29 February 2024 2,494.orx) HfsYoRICALcosr At 28 February 2025 36.269 The 16wiyerties held bythe subject werewbJe¢t to independenL professional valuation on 7 Septomber 2022. The revalued arnount b5ed ar07mdthe QuInqUa￿la[ reportof tho unlncorporated clwity. 12. FIXED ASSEf INVEST•AENTS Movam•nt kn market ¥a￿e M￿katvalUe at l Marth 2024 Acquisitions at ¢ost 015P05als at co* Unreali5ed gains1llossesl 351915 35.267 Markirt V41ue at 28 FelJruary2025 392fy83 Htstofkal ¢ost at 28 February 2025 204185 Historical c05t at 29 February 2024 196.293 13. DEBTORS 2025 2024 Weekly maintenance contribution Prepayments and awued inccrfne 1538 4S7 IW7 -li- SAMP￿1¥5 ALMSHOUSES NOTES TO THE FINANCIALsfATEMEtIis YEAR ENDED 28 FEBRUARY 2025 14. CREDITORS.. Amountslalknl d4ewbthin one ye•r 2024 AGcrua15 and deferred I￿ome Other creditors 3,791 21,298 8,397 16.296 25.089 24,693 IS. ANALYSIS OF CIIARITABLE Fumr ANALYSIS OF MOVEMEP4TS IN UNRESTrICTED FUNDS Balance at I Mar 21)24 Imroming resour Outyol aalaftttrat reswr¢es Ttsn$fer$ 28Feb 2Q25 BuSldlngs reser¥e Investrnent revaluatio IS5￿12 35867 190,889 Cycllcal maÉntenan¢e fund EKtraor(linary repair fund Revenue reserve 17.978 {63.739) 62J17 17056 110.308 A32 120.740 76.21XI 117W2 2SJO 11246161 189&885 Bulldlngs ￿eNe represents the land and propertythe tharlty t)wns, administers and malntskns. The funds presented by this reserve arè notavallable for spending In the chariV5 day-tovday afFair> Investment rèwdluatkjn reserve relate5 to the unreali5ed 8ainlllossl made on thefvnds durfng the year. CWlc41 malntenancefund hasbeen ijesignated by theTrustees fora pgnlcular purpose. TheTrusteÈ5 may also reverse these deslgnattons at a fvture date. Expenditure cannotbe set dlrectly agalnst reserves but is taken through the Statsment of Finandal artivitie& This reseNe represents amounts set ￿￿e for tydital maintenarKe to meet costs Incurred and issupplemented bytrdnsfer5frornihe Revenue ReseThe accoYdin¥ to the fomiula Tetommended by the Alrnshouse Asso¢latEon. EKtraordin¥ry r#p4Èrsfvnd has been des￿8￿2ted bytheTntstees for a p￿￿Ul&rPUrpOSe. Thp Trustees mèy also rever5ethese deslgnatlons at a future date. Expendlture cannot bÈ set directly a8alnst re5erve5 is taken through the Ststement of Finandal A¢tlvltles. Thls reserve represents amounts set asjde for rnalor repairs a￿1 maintenance work to the propertiès and is SUP￿ement¢d by tran5kn from the RevtnuÈ Resuye accordkngtDthefY)rrr￿ recommended by the Almshouse5 As50ciatlon. The Revenuè reseThe Is ￿lIablet0 be spent for any purpose of the th•ity. -12- SAMPSON'S ALMSHOUSES NOTES TO THE FINANCIALsfATeMENTS YEAR ENDED 28 FEBRUARY 2025 IS. ANALYSISOF CWARITABLE FUTrX>S {contlnued) ANALYSIS OF MOVEMEN15 IN UIIREsfRICTED FUNDS-wevknu$ ￿TI¢d Transfer in from nEorporated charity Incomkng Outgoing Balan¢t at rem￿[Ce$ Tran￿15 29 F¢b2024 Building5 ieserve Investment revaluatlon reserve Cycllcal maintenance fund Extraordlnary repairfvnd Revenue reserve 94.000 1494.0 i,n9 33￿&3 155,622 78,285 186,734) 26,42Y 17.978 16.161 141590) 77.429 191J88 (1341931 92M4 225A81 1220,9271 2070,542 16. AWILYSIS OF NEfA$5Ets BETWEEN FUND5 De5knated Funds General Funds Total Tangible fixed assets Inv&st￿nts Cash at bankand in hand Current assets Current liabilitre5 392.683 392,683 31407 34407 {2%0891 886,683 1120D 1898mS pre￿￿￿1 year Dtsl8n•ted Fund$ General Fund5 Total Tanglblè ftxed assets Investments Cash at bank and In haThJ Curremtassets Currertt liabilities 2,494,000 351,915 2,494.C¥JO 3SI,915 46,976 2,344 124 693) 46,976 2J44 124.6931 45.915 24ffl7 1870y2