AMPTHILL FEOFFEE ESTATE CHARITY
REGISTERED CHARITY NUMBER 200188
ACCOUNTS
31ST DECEMBER 2024

AMPTHILL FEOFFEE ESTATE CHARITY
ACCOUNTS
31ST DECEMBER 2024
Contents
Page
Report of the Trustees
Statement of Financial Activities
Balance Sheet
Notes to the Accounts
Independent Examiners, Report

Page 1
AMPTHILL FEOFFEE ESTATE CHARITY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST DECEMBER 2024
The TThslees present their annual report together with thc accounts for thc year cndcd 31 st December
2024. Thcy are prepared in accordance with the accounting policies set out in note I to thc accounts
and comply with thc charity's trust deed, th¢ Charities Act 2011 and Accounting and Reporting by
Charities= Statement of Recommended Practice applicable lo charities preparing their accounts Ill
accordance with the Financial Reporting Siandard applicable in the UK and Rq)ublic of ITeland
{FRSI 02) (eff￿liVe I sl January 2019) .
Obj¢etives and activities
The original obje¢t of the charity was to put ils income "10 the use and benefit of the honest poor
people of Ampihill and Maulden." The sole concern at the present time is the administration of the
seven Grade tt listed Feoffe£ Almshouses in Church Square, Ampthill for the benefit of the residents.
The Trustees have referred to the guidance contained in the Charity Commission's general guidance on
public benefit when reviewing aim5, objectives and in planning future aclivilies. In particular, the
Trustees consider how planned activities will contribute to the aims and objectives they have set.
Achievements and performall¢e
The Almshouses were again in full occupation, with the exception of number 6 whi¢h was vacant for
fourteen weeks. Maintenance work and repair5 have been undertaken, including redecoration and
refurbishment.
FiDan¢i&l review
The illcome for th¢ ycar aTnounled to £28,924 and has been used to fulfil the objects of the charity.
The sutylus for the year was £14,442 before revaluation of the properties and investments.
The TNstees' valuation of the propcrtiC5 is in line with their insurance value.
Reserves pollcy
In accordance with guidelines issued by the Charity Commi5sioncrs, the Trustecs have adopted a
policy regarding reserves which should ensure that there are adequate funds to enable thc charity to
meet all currcnt and known future liabilili¢s.
The level of reserves is considered and reviewed at regular intervals by the Trustees.

Page 2
AMPTHILL FEOFFEE ESTATE CHARITY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST DECEMBER 2024
Structure, Governance and Management
Governing document
The charity was founded by a schcme of the Charity Commission dated 19th November 1920 as
amended by a further sclLeme dated 30th July 1971.
Appoilllment of Trustees
Trnstees are appointed by a resolution of the existing Trustees of the charity passed at a special
meeling of whicb notice not less than 21 days has been given.
Organisation
The names of the Trustees who Se￿ed during the year are set out below.
TThstees meetings are held regularly on a six monthly basis. with ad hoc meetings being held as and
when necessary.
Day to day running of the organisalion is handled by the Secretary to the Trustees, with major items of
expenditure being refetTed to thc Trustees.
Risk maDagement
The Trnstees carry out an annual review of the risks which the charity may face, have established
systems and procedures to mitigate any risks identified and minimis¢ any tK)tential impact should any
identified risks materialise.
Reference and administrative detai15
The Chxrity
The charity is a registered charity, number 200188, and a membcr of the National Association of
Almsbouses.
Correspondence addres5
103 Station Road. Ampthill. Beds, MK45 2RE
Trustees
Appoillted by ADJpthill Town Countil
Mr l Titman
(Chairman)
Mrs J Jones
Mr R Bartle
Mrs S Clinch
(Resigned May 2024)
(Appointed May 2024)
(Appointed November 2024)
Co-OPt¥tive Trustees
Mrs M Wilson
Mr A Read
Mr l Hamon Watt
Mr B Kerr
Mr J Watkins
Mr R Tebbutt
Mr D Bartrarn
(Died- March 2024)
(Resigned November 2024)
(Appointed December 2024)
Secretary to Trustees
J Seymour
Prineipal advisers
Bankers
Barclays Bank plc
Indcpcndent
Foxley Kingham
Examkners
I I l High Street, Bedford. MK40 INJ
260 - 270 Butterfield, Great Marlings. Luton, Beds,
LU2 8DL

Page 3
AMPTHILL FEOFFEE ESTATE CHARITY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST DECEMBER 2024
On behalf of the trnstees,
Mr l Titman
i%+k m(xlck 1015
Dale

Page 4
AMPTHILL FEOFFEE ESTATE CHARITY
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST DECEMBER 2024
Unrestriited funds
f4ote
2024
202J
Income from:
Charitable activities..
Contributions from rcsidenis
tnvestments
Donations
21246
7210
468
28,924
20,922
6.552
Total
27,474
Expenditure on:
Charitable activities
14,482
26,837
Net income
14,442
637
Gain on revaluation of fixed a$se¢s
Gain on investment #ssets
20.773
6.453
158,360
3,345
Net movement in funds
41.668
162.342
Reconciliation of funds:
Balance brought forward at Isl January 2024
1.238,764
1,076,422
BJlan¢¢ ¢8rrAed forward at 31st December 2024
1,280,432
1,238,764

Page 5
AMPTHILL FEOFFEE ESTATE CHARITY
BALANCE SHEET- 31ST DECEMBER 2024
Note
2024
2023
FIXED ASSETS
Tangible assets
Investments
1,059,399
178,143
1,237,542
1,038.626
164,917
1,203,543
CURRENT ASSETS
Debiors
Cash at bank and in hand
353
43,587
43,940
36,223
36,223
LESS: CURRENT LIABILITIES
Credltors: Amounts falling due within
on¢ year
1,050
1,002
NET CURRENT ASSETS
42,890
35,221
NET ASSETS
1,280,432
1,238,764
FUNDS
Unr￿triCted
1,280,432
1,238,764
Approved by the Trustees on ..
and Si￿ed on their behalf by.
Mr l Titm8n
Chairn]an

Page 6
AMPTHILL FEOFFEE ESTATE CHARITY
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2024
ACCOUNTING POLICIES
(a) Basis of preparatioD
The accounts have been prepared under the historical cost convention, with items recognised
at cost or trdnsaction value unless olhenvise ststed in ihe relevant note to these accounts.
The accounts have been prepared in accordance with the Statement of Recommended
Praetice.. Accounting and Reporting by Charilies preparing their a¢counts in accordance with
the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland (FRS 102)
(effective I st January 2019) and thc Charities Act 2011.
The charity metts the definition of a public benefit entity under FRS 102.
The presentation currency of the a¢counts is in Pounds Sterling (£), which is the functional
Currency of the charity.
(b) Fund xccounting
Unrestricted fijnds are available for use at the discretion of the Trustees in furtherance of the
general objectives of the charity and which have not been designated for other purposes.
Restricted funds are fvnds whi¢h are to be used in accordance with specific restrictions
imposed by donors or which have been raised by the ¢harity for particular purposes. The
¢ost of raising and administering such funds are charged against tbe specific fvnd.
(c) ltteome recognition
Income from property, investments and deposits are accounted for on a receivable basis.
(d) ExpeDditure recognition
All cxpendilure is a¢counted for on an accn￿lS basis and has been classificd Under headings
that aggregate all costs related to the category.
Charitable expenditure comprises those costs illcurred by Ihe charity in the delivery of the
activities and services for its bencficiarics. It includes botb costs that can be allocated
directly to such activities and those costs of an indirect llaturc llcccssary to support them.
All costs are allocated between the expenditure categories of the Statement of Fillallcial
Activlties on a basis designed lo reflect the use of the resource. Costs relating to a particular
activity are allocated dircctly.

Page 7
AMPTHILL FEOFFEE ESTATE CHARITY
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2024
ACCOUNTING POLICIES (¢owtinued)
(e) L8nd and buildings
The charitgs land and buildings are stated at Trnstees, valuation, based oll the sum insured.
Thc original costs of the assets are not available. Gains and lo&qes on revaluation are tsken to
the Staiemenl of Financial Activities as they arise.
Maintcnance ¢osts have been charged lo the Ststement of Financial Activities.
{0 Inve$tment$
Jnvestrnents ar¢ statd at valuation USiDg thc ¢losing quoted market price. Gains and losses on
revaluation are taken to the Statement of Financial Activities as they arise. Realtsed gains and
losses on investments are equal lo distributions which are retained in the investment. Unrealised
gains and losses are calculated as the differ¢n¢¢ b¢tw¢¢n th¢ fair value at the year end and their
carrying value.
(g) Designated fund
The extraordinary repair fund is established to set aside monies for the Purpose of providing for
th¢ extrdordinary repair. improvement or renovation of the almshouses.
EXPENDITURE
Charitable actlvitles
2024
2023
Almsbou5e heating and water
Insurance
Repairs and maintenance
Adtninistration
Almsbouse Asso¢iation subscription
Legal fees
Independent Examination fee
2.346
932
3,383
1,905
343
4,523
1,050
14,482
1,884
965
17.420
1,950
196
3.420
1.002
26,837
Freehold
Land 8nd
Freehold
Land and
TANGIBLE FIXED ASSETS
BulldiDg$
Building5
Valuation at i st January 2024
Revaluation in th¢ ycar
Valuation at 31st December 2024
1,038,626
20,773
1,059,399
880,266
158,360
1,038,626
The property has been valued on 3 1st December 2024 by the Trustees, based the sum insured.

Page 8
AMPTHILL FEOFFEE ESTATE CHARITY
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2024
2024
2023
INVESTMENTS
M & G Charity Multi Asset Fund
Valuation at 1st January 2024
Additions to investment at cost
Investment income reinvested
Increase in value in the year
Valuation at 31$¢ December 2024
164,917
155,277
6,773
6,453
178,143
6,295
3,345
164,917
DEBTORS
Prepayments
353
CREDITORS
Amounts falling due within one year
Accruals
1,050
1,002
Designated
Extraordinary
Repair FuDd
Undesignated
Funds
Total
Funds
UNRESTIUCTED FUNDS
At I st January 2024
Net movement for the year
Transfer
At 31st December 2024
1,073,847
41,668
(13,226)
1,102,289
164,917
1,238,764
41.668
13,226
178,143
1,280,432
RELATED PARTY TRANSACTIONS
None of the trustees received any remuneration from the charity during the year (2023 - £nil).

Page 9
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF AMPTHILL FEOFFEE ESTATE CHARITY
I report to the trustees on my examination of the accounts of Ampthill Feoffee Estate Charity for the
year ended 31st December 2024.
ResDOllsibilittes and basis of report
As trustees of Ampihill Feoffee Estate Charity you are responsible for the preparatiorj of the accounts
in accordence with thc rcquirements of the Charities Acl 2011 {'the Act,).
I report in respect of my examination of thc accounts ca￿l¢d out undcr scction 145 of thc 2011 Act and
in carying out my examination I have followed all applicable Directions given by the Charity
Commissioll under section 145{5)(b) of the Acl.
Independent examiner's stAtement
J have ¢ompleted my examination. l eonfirni that no material matters have come to my attention in
connection with the examination giving me cause to believe that:
(l ) ac¢ounting records were not kept in respect of Ampthill Fcoffee Estate Charity as required by
section 130 of the Act,. or
(2) the accounts do not accord with those records,. or
(3) the a¢counts do not comply with the applicable requirements CODcerning the fonn and content of
the accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any
requirement that the accounts give a 'tTh¢ and fair view, whi¢h is not a matter Considered as part
of an independent examination.
I have no conc¢rns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order lo enable a proper undersianding of the accounts to be
reached.
Tara Aldwin ACA
Foxley Kingham
Chartered Accountants
260 - 270 Butterfield
Greai Marlings
Luton
Beds
LU2 8DL