Charlty R8gl$tratlon Number.. 200190 ASHTEAD UNITED CHARITY STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 Xolnadlh Nlghtlngale House 4648 Ea$t stregt EPSOM Surroy KT17 1HQ
ASHTEAD UNITED CHARITY CHARITY INFORMATION FOR THE YEAR ENDED 31ST DECEMBER 2024 Registered Charity Number 200190 Conslilulion The Charity is govemed by the Conslilulion registered by the Charity Commlssion on 28 February 1986 as amended by a Scheme dated 16th April 1996, amd lurther amended by Trustees resolution (Jated 12th October 2021 Charity Correspondent Mr S Ntswmon 28 Berry Meade Ashlead Surrey KT21 1SG Banker8 Nalional Weslminsler B8nk PIC Leatherhead Branch 1 Brrdge Stre91 Lealherhead Surrey KT22 88T Independent ExamSner Hazel Day Bsc (Honsl FCA DChA CharteTed Accountant Xelnadin Nighlingale House 46-48 East Street Epsom Surrey KT17 1HQ
ASHTEAD UNITED CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Thg INst8e$ present thelr report and the flnanelttl st81om&nlB for th& ybar Èndèd 31 December2024 OBJECTS OF THE CHARITY Under a schemeofdered ty Ihe Charity Comm1861oner6 and sealed on 16 Aprfl 1996 the Charflles formorfy knc)wn a$ Ashlead United Charilies awe lo be adm15ted gnd managed 109elh8f 88 the A$hle?d Unlled Charity. The Truslees have had regard Its tho guldan¢8 ON PulAi¢ Benefit15sued by the Charity Comm1$5ion&rs, and conslder that tha oblècl$ 861 out below demonslrale th8 Publ b8nefils afforded by Iht Ch8rilYs acllvllies. The Income ollhe ¢h8dty IB lo be applled lo rrialnlaln Ihe almshouses ond lo red¥Jce the need, hardshlp or dlslress of p8rson8 In the ar¢9 Qfthe Parish of Ashlead. Th? alm$nou$es belongln9 to the Chaty 8relo be 3pproprtated and used forthe accommodaUDn olwomen and. In Fellding HDU5e Maples House. marfieil Couples of1kntt8d me8n5 who tesideTrts ol the Parlsh ofAshte8d. TRUSTEES Under the above 8¢hgme as amend8d by r8&olubon ollhe Tru&tee$ on 12 October 221 th8 body ol Iste&S Shall con8551 when compkte of eompeiethl persor¢S belng ono OX-offl¢lo IriF5t£6 liho Redor of Ashleadl. and four co-oplalfve twsle6S. The Iw$lee$ thraughout Ihe year and up 10 the date of Ihls repcsrtwerg.. Ex- officro Roverend Torn OaThvènl Ce-oplaliva Mrs M cooper I fesbied 4 February 20251 Mrs E Close Mrs R Price Mrs C Llng Mr S Newman l@ppolnted 4 Februery 20251 FINANCIAL POSITION The Income and expendlture of Ihe ¢harity for Ihe yg8r and Ihe financial po8ition al 31 D¢¢¢mber 20241$ shown In Ihe attached accounts on pages 410 9. 11 Is the poll¢y of thè Tru$le88 to 8ccumulal8 8nd malnt8in suff¢lent Teserve$ lo enable Ihè Pro18$ of the Charity to be repaired and upgraded lo cuirent sl8nd8rds both Inlem8lly and 8x18m8lly In accordancè wlh Pfofes$lonal 8dvlce. bearftvJ In min(¢ the age ol th? buildlng$. The pollcy of the Twslees Is lo Invest Ihe bulk of Ih¢ir lunrf5 ngt hold 0$ land and bu(Iding5 In rnan8ged chariloble fund$, P8rticularfy Ihe M&G Charlty Mulll Asset Fund. Funds requlred for immedlate and short term use, Includlng th& cycllcal malnlen8n¢e fund, are invested In cash deposits vrilh Ihe Chaiilies Offid81 Inveslment Fund. ACTIVITIES DURING THE YEAR The prograrnmeofcydical maintenance ond improvetr¥eRts deleimined by Ihe qui[U¢nn1al In$pectlon In 2022 h83 eoniinuod and several Nats have had new showers aiid wnd4YWS. However for most ol lh8 year there has b8en full occuponcy and the charity has achieved 8 surplus of In(me durtng the yesr. Further additions lo our Investment potlfollo ere belng mad?.
ASHTEAD UNITEO CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 {Cont'd} RESPONSIBILITIES OF THE TRUSTEES The Iruslees are required under the Charities Act 2011 to Rrepare financial sialemenls for each financial ear which ive a Irue and fair view of the c arity 8 financial 8¢tivities dunng the year and o ils fin8nci8 position al the end ol the year. In preparlng financlal statements givin9 a Irue and fair view, the Irusleès should follow best practice and.. select suitable accounting policies and appl them consislenlly observe the methods amd principles in the harities SORP makejudgernenls and eslimales that are reasonable and prudent stale whether applicable accounting standards and slalemenls of recommended practice have been followed, subject lo any material departures disclosed and explained in the linancial sialemenls el prepare the financial slalemenls on a going concern basis unless il is inappropriate lo presume th81 the ¢h8rity will continue in operation. The TTUStees have adopted Ihe provisions of A¢¢ounlirng and Reporting by Charities.. Statement of Re¢ommened Practice ISORPI applicable lo charities pre ring Ihelr a¢untS In accordance wllh the Financial Reporting Stan(Jaid appli¢8bl& in th8 Republlc of Ireland l FRS 1Q21 l effectivo 1 January 20191 The Iruslees are responsible for keeping accounting iecords which disclose with reasonable accuracy the financial position ol Ihe charity and which enable them lo ensure that the rinancial slalemenls ¢omply with ap licable law and regulations. They are also responsible for safe9uarding the asstrts of the c arity and hence for taking reasonable steps for the pVention and delecllon of fiaud and other irregularities. By order of the board ol Iruslees MRS R PRICE TRUSTEE
ASHTEAD UNITED CHARITY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ASHTEAD UNITED CHARITY I report to the truslee5 on my eKamlnatlon of the accounts of the above charity 1.the Trusv'l for the year ended 31 Deceber 2024. As the charity's trustees, yots are responslble for the prepaTatlon of the accounts In accordance with the requirements of the Charities Act 20111".the Act.). I report in respecl of my examination of the Trusvs accounts carried out under sectlon 145 of the 2011 Act atid In carrying out my examlnatlon, I have followed all the applicable Directions Blvpn by the Charity Commlsslon under sectloft 14515llbl of the Act. I have completed my examinatlon. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below) whlch gives me cause to believe that in, any material respect.. the accountlng records were not kept in accordance wilh section 130 of the Charltles Act: of the accounts dld not accord with the accountin8 rècords,. or the accounts did not tomply wlth the applicable requirements concerniThB the form and content of accounts set out In the Charities (Accounts Report51 Regulations 2008 other than any requirement that the ac.ttJunts Blve a 'true and falrf vlew whlch Is not a matter consldered as part of an independent examlnatlon. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Hazel Day 8Sc {Hons) FCA DChA Chartered Ac¢ounlanl Xeinadin NhtIngaIe House 46148 East Street Epsom Surrey KT17 IHQ
ASHTEAD UNITED CHARITY STATEMENT OF FINANCIAL ACTNITIES FOR THE YEAR ENDED 310ECEMBER 2024 General Dè$Sgnated Endowmèhl Tot81 Fund$ Funds Funds 2024 Total 2023 Note Incomlng Resourcès Contributions Donations and legacies Inve51menl income Other iricoming resources 98,253 5,750 11.240 1.430 98,253 5,750 11.240 1,430 89,945 6,200 10,604 Total Incoming Re5QUtces 116.673 136,673 108.080 Re$ource$ Expended Expendilure on charitable aclwilie5.' Property operating costs Other &xpendilure'. 53,643 19,597 73,240 104,784 Grant Professlonal fees Accountancy fees 2,000 1,500 1,500 2,000 1,500 1.500 1.000 1,500 1,500 Total resources expended 78.240 108 784 Net incomelexpendilure 58,030 (19.5971 38.433 {7251 Transfer beNveen lunds 28 797 29.233 9,200 3e,433 17251 Olh8f recogni3ed gains and losses Unreallsed galrss I Ilossesl on investmenl 8ssels 5,435 22,531 900 28.666 33.595 Nel movement in funds 34.668 31,731 900 67,299 32,870 Reconciliation of funds Total funds al 1 January 2024 284.253 279,627 119 882 683 782 650 892 Tolal funds al 31 Dècember 2024 318921 120,782 751081 683,762 Th8 nDt8s on pag8s 6 to 9 form part of these financlal Slalemenis.
ASHTEAD UNITED CHARITY BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Note FIXED ASSETS Tangible Fixed Assets Investments 81,685 590 106 81.685 552 049 671.791 633.726 CURRENT ASSET8 Debtors Sttort term deposits Cash at bank and in hand 2.001 63,012 19,410 7,244 43,012 3.854 84.423 54.110 Llabilities.. amounts falling due wilhln one y8ai 5.153 79.270 NET ASSETS 751.Cé1 683.763 Funds General Fund Desi9naled Funds Endowment Funds 318.921 311.358 120.782 284,253 279,627 119882 751,081 683.783 Approved by the trustees on 29th Aprll 2025 MRS R PRICE I TRUSTEES MRS E CLOSE Thg notes on pages 6 10 9 form part ol these financlal stalemenls.
ASHTEAD UNITEO CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES al 3A81S OF PREPARATION OF FINANCIAL STATEMENTS The financlal stalemenb of the Charity, whi¢h 1$ 8 public benefit entty undei FRS102, have been prepared in accordance writh the Chaflllos SORP IFRS 1021, AcUntIng and ReJ)orlln9 by Ch81ities- Slalomont of RecMMended Pra¢lice appIlble lo charities preparing their accounts in accordanoe Ih thè Flnand81 R8porbng St8rtdarrf applitable In Ihe UK and Ropublic of Irèland IFRS 1021 lèff8e1ivo 1 January 20191 The ac¢oufil$ hae been pi8pared under the hlslorlcal cost convenllon vMlh Items re¢o9nlsed al ¢ostor transaction valu8 unless othetW5? slalets in Ihe relevanl nolelsl to Ihese accoun15. bl TANGIBLE FIXÉO ASSETS ANO DEPRECIAnoN In view of Ihe lad tral the building9 of the ch8rfty arè maiThtainèd 10 8 high Standard 8nd Ihgt the book V81ue olthe land and buildiTrgg Is etsnsldered to bè lower than the 8cbJal value of the land and bullding8, no depreciaiion Is provided. ¢1 ¢YCLI¢AL MAINTENAP4CE Cyclical malnlenande are those expenses olordlnary MaIntenan and repalr whlch recur at iftfrequent Intervals. kn annual transfer Is made to the r8seNe fot cydkal rna1nlenan¢e at the minimum level mmended by The AlmslouBe A$soclallon, $uble¢t to Ihe approval ol the Charfty Comm1sslone. dl EXTRAORDINARY REPAIRS Extraorrflnary PaIrS a those expenses of eylr8ordinary repair. Improvemer*t and bUIldIng. An annu81 Iransfor 1$ mad9 try Ihe res8FVa lor extraordinary repairs al Ihe rninimum lèval recommanded by The mshouse Assation plus any 4<Iditndl provl$lon considered necessary by Ihe TnJstso8, based on profe$sEonal athike. el INVESTMENTS Inveslmenls 8re shown al thelr Ma8tv81ue as al Ihe b81an¢g sheel date. RESERVES Reserve$ held by Ihe charftabf8 $wI8ty are eth8r'. Permanent Endowment Funds - those as6elswhich mu31 be held pemi8nenlty by the charity, prfndpally housing and inv6$imeni$. D8slgnaied Funds- Ihese are luniFs sot a$ld¢ by Ihg Trus1g¢s out gf unr8$1r5 ggneral fund8 for $pg¢ir fvlure purp¢)w or prole¢b. Unreslricled Ganer81 Funds- thès8 lund5 whlch can b6 used In accordanc6vIh Ihe chmiilabltr oblects at the discretion ollhe Tru$lee$ 2 DIRECT CHARifABLE EXPENDITURE General De$lgnated Endowm&nt Total Funds Fu#ds Funds 2024 Totsl 2023 PROPERTY EXPEN8E8 Water¢harge8 Current fflainlenance ¢ycll¢al malntenance 3,736 15,777 3.738 15,777 19,597 19.OD2 55,420 19.513 19,597 SERVICE COSTS Warden$ allowance Coundl Tax Gas 6,727 272 17,274 3,027 817 848 6,727 272 17,274 3,027 817 6,424 2.013 9,913 2.134 717 827 Telophone Mlscelkneous 28.963 MANAGEMENT EXPENSES Warden's allowaneè Inwrance Subscripllons 22 028 2,243 2.405 519 2.243 2.405 519 2,142 2.336 914 53,643 19,597 73 240 104 784
ASHTEAD UNITED CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 3 TANGIBLE FIXED ASSETS 2024 Freehold 2023 Al bequest valuallon or subsequent cost Less.. Housing Associaliori grants received 177,371 177.371 95,686 Nel Book Value 81,685 The freehold tillo lo the propertles Fellding House, Maples House and The Haven, Is vested in the Official CuslodiaT) for Charlties, for the purpose of the scheme administered by th8 trustees. 4 INVESTMENTS 2024 2023 Pgrm8nenl endowmer)ts - Inveslfflents In M & G Charity Mulli Asset Fund and Charity Official Inveslmgnl Fund al market values 31 Decgmbor 2024 Al 01.01.24 Revalualions At 31.12.24 38,198 900 39,098 35,167 3.031 38,198 The abovfy investments may be realised and tlie proceeds ulilised only wilh the nsent of Ihe Official Custodian for ChariD'gs. Investments In M & G Charity Mulli Asset Fund . M&G Charilund and Charity Official Investment Fund al markèt V81u8s A101.01.24 Purchased in the year Revaluations Al 31.12.24 513,843 9,200 27,965 561,008 443,279 40,000 30.564 513.843 Mafkel Value 31 December 2024 590,106 552,041 Historical Cost 31 December 2024 203.841 194.441 5 DEBTORS 2Q24 2023 Debtors Prepayments 2.001 2.001 7,244 6 LIABILITIES: amounts falllng duo wllhln ong year 2024 2023 Oth6r er8dilors Accruals 536 4,617 5,153 636 3.537
ASHTEAD UNITED CHARITY NOYÉS TO THE FINANCIAL STATÈMENTS FOR THE YEAR ENDEI) 31 DE¢EMHER 2024 7 PERMANeNT ENDOWMENTS The Ch8rfty 2024 2023 Property Lady DiBna Felkling Land with almshouses FieldSng Hovse and Maples House 66,831 66,831 Haven Land wth alm8hDuse The Haven 14,854 81.685 14,854 81.685 Investmonts Sareh Dond 968 M&G Charity Mulll Asjel Fund Shares {value 31 December 1982 2024 £380- 2023 £3801 869 Mary Howard 696 M&G Charity Mulli Assel Fund shares (v£lue 31 December 1982 2024 £259- 2023 £2591 832 805 Revèrènd Wilbam Legge lor Almshou$e 460 M&G Chadty Multi A8$gt Fund shares (valu8 31 Decemb8r 1982 2024 £133- 2023 £1331 427 413 Reverend Willlam Legge for Poor Men 460 M&G Charity Mulli Assel Fund shares Iv81u8 31 Dec8mb8r 1982 2024 £133- 2023 £133) 427 413 L8dy D48na Feildiny 1,057.43 COIF Incomp shareg (value 31 Oe¢ember 1982 2024 £2,052- 2023 £2,052) 21,459 20,985 444.3 COIF income Shares (value 31 December 1982 2024 £862- 2023 £8621 9,018 8.817 996 M8G Charity Mulll Asset Fund 8h8re8 (value 31 Decernbei 1982 2024 £288- 2023 £2881 895 Denton and Leggè 252 COIF Income 5har0S Ivalu• 31 Dac•mb&r 1962 2024 £489- 2023 £4891 5.114 5,001 30.098 38,1g8 Henry Smmh (Worth Eslalel The rtghl to recelve a yearfy 81Nn
ASHTEAD UNITEO CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YeAR ENDED 31 OECEMBER 2024 8 FUNDS Endowment Funds De8ignatgd Furtds Ganoral In¢om& and Exp8ndituro Account Cyellcal Extfaordlnary Prop¥rty Invo8tmgnts Malnt8nanco Repair$ At beginnln9 of y8af 81.685 38,197 279.627 284,253 Transfer between re$eryes ?nnual Iransler per The Almshouse Asso¢iaWon 14,616 9,200 123,8181 Increasè I l(Seuease) in value of inveslm¢nls 900 22,631 5.435 Transfer behveen funds 4,981 14,981) Tfanslér from Income accourt 58.030 Re-decoration and ¢ydic81 maintenance 19.597 C8rried forward 31 Décernber 2024 311388 318,921 £120.782 £311.358 £318 921 88lng Fixed Assets 81,685 Inveslments 39,097 311,104 23#,905 Deposlls 63,012 Cash at bank 19,410 Debtor$ 2,001 Currenl liabililiea Total Nel A$sels 39.097 311 104 319 178 £120 782 £311104 £319,175