LORD RYCHE'S ALMSHOUSES TRUSTEES, ANNUAL REPORT AND ACCOUNTS YEAR ENDED 31. DECEMBER 2024
LORD RYCHE'S ALMSHOUSES INDEX for the year ended 31° December 2024 Triistees, annual report Independent examiner's report on the accounts Receipts and paymenls account Notes to receipts and payments accoiint Statement of assets and liabiliiies
LORD RVCHE'S ALMSHOUSES TRUSTEES, ANNUAL REPORT for the year ended 31 December 2024 Legal and admÉnistrative Informwtion Cliarily nnme The charil). is also ktlown by ihe names Lord RyLh¢'s Almshouses Charity and The Rochford Cliarities. Charilji C'ummi&&ion rÈKI.%tervd vmmber 10594 Chorini'.I prlncipal addre.ss Thc address used for all correspondence is Iliat of the Honorary Clerk. Mrs S Faulkner I I l Alexandra Way Great Wakering Southend on Sea Essex SS3 OGX The charily is governed by the regulaiions set out in the Charity Commissioners. S¢heJne of1922 as amended in 1979. 198.5 and ?001 which is based on the Will of Lord Ryche of Rochford made in 1571. C'hurity'& objects Tlie Lliarit) owns six almshouses foT the use and benefit of loeal. needy and aged tenants. Trustees and governanee Truslee5 The Lurrent iru.%te¢s. and those who acted during the year covered by this report as follows.. Mr J H Howard Chairman MrCJ Clark Trustee Mr DJ Coiiiq Vice-chaimian Mr C I'abor Trustee (died Apr 20241 Mr J R A Jackson 1 rustee Mrs F Squier Trustee Mr J P Sinoothy Treasurer Mrs J McPherson Trusiee (resigned Nov 2024) Mr R Wl)iltingham Trustee All ihe members acted throughout ihe year ended 31° December 2024. Page | I
LORD RYCHE'S ALMSHOUSES TRUSI'EES, ANNUAL REPORT for the year ended 31. December 2024 2. Activities and achievements PrinLipdl aciiviiles The principal activi1 of the tTUSt is the provision of long-lerni housing for six local, needy and aged persons. FundiMg.IlruleLNv Costs are fund¢d by investment income and a monthly coniribution from each tenant. Muiiilenance M&illltLiianc¢ of. and repairs to. the Almshouses is arranged by the Truslees. Costs include exterior windo. cleaning and g?ardeiiiiig. Achievemenl.v in 2024 Redesign of the Communal Garden continues as before. 3. Policies Reserves The tru51ees' policy is lo mdintain in¢ome that either exceeds or malches the costs incUed in the operation of the ¢harity. As ai 31 st De¢ember 2024. unrestricted and restricted reserves totalled £25605112023.. £246808). 4. Signalure and declaratio I d¢clarc. iii my capacity of charity trustee. that.. The trustees have approved the Report sei out aiY>ve,' The tTll8t¢es liave complied with their duty as per section 4 of th¢ 2006 Act to have due regard to guidan¢¢ on publi¢ bei?efit published bj the commission; and The truste¢% have authorised me to sigTn it on their behalf. J l) SmoL)Ihy - Trustec & Tre&qurer F'or and on behall-ol. tlie 'l'ruslees of Lord Ryehe's Almshouses Page | 2
LORD RYCHE'S ALMSHOUSES INDEPENDENT EXAMINER'S REPORT ON TIIE ACCOUNTS Reporl l() tlie trustees of Lord Ryclie's Alnishouses on the Receipts and Paymenis Accounts for the year ended 31 December 2024, set oiil on pages 4 to 6. Re$pe¢tive re5pon$ibilities of trus¢ees and examiner The charity's trustee.q are respnnsiblc for the preparation of the 1( ccounls. The chariry's trustee8 ¢on.%ider that an audit is not rLquired for thi5 period and Iliat an indepcndeiit cxamination 15 needed {under section 144 of the Charities Act ?01 l {the Chariiies A¢t)). It is my responsibi lity to.. cxamine ihe accounts (under section 145 01. th¢ Charities Act). r()11(). th¢ pi'oLedures laid down in ilie LFeneral DireLiions gFiven by the Charity Coi?)ii)ission (uiidcr scction 145(5}Ibl of the C haritieg Act)., aiid 5tal¢ whctlicr particular matters have come to my atiention. Basis of Independent examiner's statement My examination was carried out in accordance with general Directions given by the Charity Cownmis5ion. An examination includeg a reviciv of the accounting records kept by the charity and a Comparison of the accoun(s presttnt¢d with tliose recoi'ds. It also includes Loll5ideration of any unusudl iten15 or disLlusui'es itl the accounis and seeking explanalion.8 from thc trustecs concerning any such matters. The procediires undertaken do not provide all tlie evidence thai would be required in an audit, and conseqiLetLtly no opinioii is gFiven d5 to whcihcr the accounts present a 'true and fair, view and the report is liini(ed io ilios¢ iiiatlers set out in the statemeni b¢10. Independent examiner's statement In connection witli my exaiiiination. no matter has coiiie to ITIY at(ention'. { l ) which givcs me reasonable cause to belicvc tliat in any material respect the requirements.. to keep acLountinLJ recurds in accordance with seciion 130 Df the Charities Act,. and lo prcpare accounis which accnrd with the accounting records and ¢omply will) the accountiiig requirements ul-th¢ Charilies Act have not been mel; or (2) to which. iii iny opinion. attention sliould be drawn in order to cnable a proper undersianding of the aLLountS to be reached. 31 July 2025 Ddvid Siapleton Bsc ACA laK%aTd &. Stapleton ?6-?8 WLSt Street Rochford F.s%cx, SS4 1 AJ Page13
LORD RYCHE'S ALMSHOUSES RECEIPTS AND PA YMENTS ACCOIINT for the year ended 31 December 2024 2024 Unrestricted Funds 2023 Restricted Fllnds Unreslricied Re.iirieiLd FuFzd.¥ Notes Re£eipls Doiiations. legJacies and other siinilar receipts OperatingTr activities lo furtlier cliarity's objects to gienerate funds Grants received 3350 45(J Other receipts Interest and dividends 43000 334 39050 265 46684 Payments Pavinenis for generating fund4 Cl)aritable paym¢nls'. LJrant.s paid Lharilabl¥ activites support costs maiiagjeinent and administration finance costs 8562 1399 27480 15697 2025 26110 Other pavments 37441 43132 Non-cash movements Profit on disposdl of investments Transf¢r bclwciii funds 44667 (44667) (5482) 5482 44667 4466 5482 5482 ]Yet Receiptsl(PaymtnL4) FOT period Surplus funds brought lorwaTd 53910 202141 (44667} 44667 (9549) 205215 54112 J9185 As at 31 D¢cember 2024 256051 29214] 44607 The notes on pagic 5 fomi part of these accounts Page 14
LORD RYCHE'S ALMSHOUSES NOI'ES TO RECEIPTS AND PAYMENTS ACCOUNT for the year ended 31 De¢ember 2024 2024 Unrestricted Restricted Funds 2U23 Up7re,Tlricled Re.flriclcd Notes Dnnatlons. Icgaeies and other similar reeeipt5 Donations restricted unrestricted Legacies Gift Aid tax refunds 3350 450 3J50 450 2. Grants received Rochlord District Coun¢il Other receipts Residents, contributions 43000 39050 43000 39Q50 Intercst and dividends DL"P()sii account iniLrest 3J4 265 334 265 Support rost$ 1214 1292 6066 1597 1311 12788 Mdintenanee Council tax 8562 J5697 A55ets The trustees do not hold any assels aside from; I I I casli accuniulated and held in the bank: 12) the freehold land and biiildings Comprising the six almshouses wilh a curn1 value of £1.250.000. the cost of which is indeterminable. Transfer between funds The trustees received confirnialion froTll the Charity Bank that the loan and corresponding asset did not need to be listed as restricted flind and could be moved to Linrestricted funds. A fLIII transfer has taken place with a vieii to onl) havingi Unrestr1Lt lunds moviiigi lorward. Page | 5
LORD RYCHE'S ALMSHOUSES STATEMENT OF ASSETS AND LIABII.ITIES as at 31 De¢emb¢r 2024 2024 Unrestricted Funds 2U2J UnrL.siriLfLd Fund5 Restricted Funds RL)siric'lé,d Fund.¥ Total Tolal Assets Almshous costs Cash fiinds.. Currcnt d¢Loiinl tkp05ii a¢¢ounl 534677 179276 355401 534677 179276 355401 4427 22407 4427 22407 793 22072 As%it% r¢l8incd for the cliarit)'s oivn use Tran5feT betweLn funds 355401 (355401) 561511 561511 557.542 2U2141 355401 Liabilittes Charit) bank loan 305460 305460 3J0734 310734 Tran5f¢r hctween funds 305460 (305460) 305460 305460 310734 3JO/ 34 SigTned on behalf of the trustees 'ard - Trustee and Chaim)an Page | 6