BARTON & ROYLE HOMES FINANCIAL STATEMENTS YEAR ENDED 31" DECEMBER 2024
THE BARTON AND ROYLE HOMES LEGAL AND ADMINI TIVE INFORMATION Charfty Re8lstered Number 21))YJ7 Trustees Mrs Rosemary Gentry The Revend Josephine Spray Mr Mike Marshall Mrs Glen de Ville MrAndrew Barr Mrs Gillian Bishop Mrs Alex Jennyn Mr Mark Upex Mrs S Newman 4, The Furlo Putnoe Bedford Beds MK418EE Bankers CAF Bank Independent Examlner Davld Nlghtln8ale
THE BART AND ROYLE H FCff< THE Y ENDED 31ST DEmBER 2024 The Trustees present theirAnnual Report togetherwith the independently examined accounts for the year ended 31" December 2024 Governlng Document The Charity wa5 registered on 2@ September 1962 and its 8oveming document is a scheme of the Charity Commissioners dated 2F September 1963, as amended by schemes dated 4 May 1966, th 18" February 2(K13 and 14 Nernber 2024. Objects The objectSve of the Charlty is the provlslon of 26 Alrnshouses for poor. aged and desernln8 persons. Propertles are refurblshed as they become vacant and- with the exception of periods of refurbtshment- the Almshouse propertles were l(XN occupied durlng the year. The prlnclpal funds of the tharlty during the year were derlved from the weekly malntenance charges pald by the charitys beneficlaries. income from a rentsl property and dividends ceiVed from the charws investment portfolk>. The Trustees meet no less than six times a year to review management accounts and Investments. to discuss property mana8ement issues and to consider ports from the Warden and Trustee vEslts. The meetin8s a rt quorate unless 4 Trustees are present, and all declslons must be resofved by a majorty decision. Following a number of years of SiBnifKant investment In the slte and bun8alows, thls has been somewhat quleter year with work mainty focused on general ongoing rna1ntenan. Two propertle5 become vacant durin8 the year and We fully fUrbIshed. Once was occupied by a r*w beneficlary and the other Is currentfy awaitin8 OCCUPatlon. FIna[al ftevlew The major expenditu during the year was in relatlon to refvrbishments and irnprovement of the properties, general malntenance of the properties and the provision of a part tlrne cle and Warden. The recelpts and payments account forthe year showed a surplus of £32.469 (surplus of £3,071 last yearl. ThSs included maklrY8 an investment of £16,614 into a Common investment Fund held with M&G Investments. Total net assets excludirg value of the properties amounted to £748.6191£671M3 in 2023). Trustees receive no muneratIon or other benefits in relation to thelr involvement. The runnln8 costs of the charity continue to be impacted by 4nificant rise in everyday expenses. However, despite this. the charity continues to manage a healthy financial position. Trustees consider that the level of reserves held is appropriate in order to protect the future operatlons of the charity, having regard to future refurbishment costs. Pollcles The Trustees have appropriate policies in place for Safe8uardin& financlal Contro15 and Investments lincludin8 Reserves). Conflict of Inte$ts. Equality and Diversity and Risk Management. Publlc Benefft The Trustees are awa of the Charity Commissions 8uidance on public benefit and consider that the charitable objects fall well within the public benefrt guidelines.
Signed on behalf of the Trttees, rt*y. Reverend Josephlne Sprny ChalTpeYson
INDEPENDENT EXAMINER'S REpoKf TO THE TRUSfEES OF THE 8AirroN AND ROYLE HOMES I report on the accounts for the Charity for the year ended 31 December 2024. Respertlve responslbllltles of tntstees and examlner As the charity's trustees you are responsible for the preparatlon of the annual accounts. you do conslder that the audit requirement of section 142 of the Charitles Act 2011 (the Attj does not apply. As Independent examiner It Is my responsibility to examine the accounts in accordance with the Dirertions of sertion 145 of the Act and the guidance given in "Independent examination of charlty accounts- Directions and guidance for examiners ICC32)" and to state whether any partlcular matters have come to my attention. Basls of examlnels rewt My examination was carried out in accordance with the Guidance, cc32, 8lven by the Charity commlsslon. An examination include5 a revlew of the accountin8 records kept by the charity and a comparison of the accounts presented wfrth those retords. It also includes conslderation of any unusual Items or disdosures In the accounts and seekin8 explanatlons con¢emin8 any suth matters. Independwrt £xamlner's statement Based on my examination no matter has come to my attentlon: • whlch gives me reasonable cause to belleve that In any materlal respect the requirements: o to keep accountlng records In accordance with the Charltles Act, o to prepare accounts which accord with the accountin8 records and o to comply with the accountin8 requirements of the Act have not been met, or to which, In my oplnlon, attention should be drawn in order to enable a proper understandlng of the accounts to be reached. David Nightln8ale 10 Barncroft. Turvey Bedford, MK43 8DN 24° Juty 2025
BARTON a ROYIE trl(XIES RECEIPTSAND PAYMENTSACC(XINT YEAR ENDED 31STDECEMOER 2024 RECEIPTS Weekly MaIntenarKechae sha Intorne Sale of shares/ In¥estmerrts Investment Income Rental Income Bank Interest Otherlncome Ilntludin8Guest Bungalow) Donations TOTALRECEIPTS 114,126 2.166 I.( 3,S95 190 939 755 106,7E 2,668 379) 3ts) 764 3,372 11.940 155 555 233.771 125,888 PAYMENTS 8PHA Carelinklmobilewarden Repai and Maintenan salaries and staff costs Councll Tax Elettrfjtity Genernl Expenses Insurance Investrnents Refvrblshment-8un8alows Lydstep- Maintenance & Mana8ement Ft Surveyotslsollcltors Fees Water Rates TOTAL PAThIEiifs 33,646 117,625 31,134 31.177 2.2n 2,493 13.684 16,614 8,595 3.943 2568 IA75 ,036 2.589 10.661 145.778 36.068 2.694 643 2,359 1.651 EXCESSOF RECEMSOVER PAYMEiirs Bonk r¢condllion 8alances at beg4nTrln8of year B•nk ba1 •t Year En Les5 un-presentéd cheques Oalano•tYwr End 3,071 88,176 63,157 95,626 148.263 63,157 95.626 63,157 Rewesentedtyfvndsot.. CAF Bank Curreni Account CAF Bank Re5er¥e kmunt 68W3 26.633 95.626 37.170 25,987 63,157 34579 25508 Comprfn8 of.. GENERAL FUND CAPITAL FUND 89A54 6,172 95.626 56,9B5 6,172 53,914 6.172 60.086
RTON & ROYLE HOMES STATEMEKf 1% ASSEfsAND UABILrrE5 ASAT31ST DECEMBER 2024 2024 2023 1£) 2022 nk PlnCeS CAF Bank Current Account CAF Bank Reserve Actount Total Bank BakJnc•s 37.170 34.579 25987 25,508 63.157 60M86 26633 95626 Unitsl shares In¥vrtrn•nts CCLA Invèstment Manag•ment Ltd- Ch•rllles Inve5thnt Fund Accumulatyon Un Income Unit5 937 244325 1471 29849 274174 232.498 206,611 29,1 26.695 261,687 233,a17 M&G InSIM•ts The NatbMIAssodatlon ofAlmsh0u Common Investment Fund INAAOF) Exiraordlnary Repalr Fuftd. Income Extraordlnary Repalr Fund- Accumul• Income Un6ts RétoupmentAco)unt Income Account 33745 31325 1074 13(X 11533 107C I3 131120 28247 26222 329458 30JiO 29,8 104.926 196.602 10,359 10,185 121,385 114,290 25a71 24345 292,351 375022 Sh•r•5 Astro Zeneca 8P PLC GkixoSMlthIr HIon PLC H80S1 LWS BanWnBGroup RkJTlnto ILS15 15WO li,f 17WI 10,731 2,978 203 11275 54,687 12J40 18.174 10,638 3031 193 11.19) 55.566 3m7 740 926 425 193 3.4 233 9.115 49.362 Tot•1 VJ• otln¥e5tmert% 651993 608,725 664,695 TotslAw•ts 748,619 671W3 724.781