2022-06-30-accounts - Thames Ditton Almshouse Charity

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REGISTERED CHARITY NUMBER: 200212

`REPORT OF THE TRUSTEES AND`

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

`FOR`

`THAMES DITTON ALMSHOUSE CHARITY`

The Carley Partnership
St James's House
8 Overcliffe
Gravesend
Kent
DA11 0HJ

THAMES DITTON ALMSHOUSE CHARITY

`CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022`

		`Page`
`Report of the Trustees`	`1`	`to`	`2`
`Independent Examiner's Report`		`3`
`Statement of Financial Activities`		`4`
`Balance Sheet`		`5`
`Notes to the Financial Statements`	`6`	`to`	`10`
`Detailed Statement of Financial Activities`	`11`	`to`	`12`

THAMES DITTON ALMSHOUSE CHARITY

`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2022`

Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended30June2022. The
trusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableinthe UK
and Republic of Ireland (FRS 102) (effective 1 January 2019).

`OBJECTIVES AND ACTIVITIES`

`Objectives and aims`

The Charity's main objective is to provide and maintain dwellings for older people.

`Public benefit`

TheTrusteeshavehasdueregardstotheCharityCommission'sguidanceonpublicbenefitwhensettingthe charities
objectives.

`ACHIEVEMENT AND PERFORMANCE`

`Charitable activities`

2021wasayearofchangeatThamesDittonAlmshousethathasresultedinthecharitybeingplacedona sounder
footinggoingforwardandthelossofsometrustees.However,theissuesexperiencedin2020withTrusteeshasledto a
cleardefinedtrusteeboardledbyKarenRandolphthataimstodeliverinfullthecharity'sobjectivesasdefinedby the
charity trust deed.

TheWeeklyMaintenancechargehasincreasedto£75.00perweekperpropertyacrossbothsites,whichhas enabled
additionalfundingforthecharitytocarryoutrepairsandupgradestoallproperties.Partoftheseupgradeswas boiler
replacementtoallpropertiesexceptone.However,thecharitycontinuestoexperienceminorplumbingfaults following
this upgrade which are being followed through.

We welcomed a new beneficiary into the charity who took up residency in our vacant property.

Thetrusteesreviewedourapprovedcontractorsduring2021andestablishedoursupportmodeltoensurea consistent
andhighlevelofservicecouldbeofferedtoourbeneficiariesandcomplimentsthetrusteesvisiontoenhancing the
charity'sassets.Wehavealreadystartedtoseegreaterengagementfromourbeneficiarieswhoarenowmore settled
following the difficulties experienced during 2021.

Thetrusteesarenowfocusedonappointingadditionaltrusteeswithskillsetsneededbythecharitytodeliveron the
reports previous trustees had commissioned.

`FINANCIAL REVIEW`

`Financial position`

At the year end the charity held £370,601 in reserves (2021 : £358,102).

`Reserves policy`

The trustees aim to hold at least one year of expenses in reserves.

`Going concern`

The Trustees currently have no concerns regarding the future of the charity.

`STRUCTURE, GOVERNANCE AND MANAGEMENT`

`Governing document`

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

`REFERENCE AND ADMINISTRATIVE DETAILS`

`Registered Charity number`

`Principal address`

61 Bridge Street
Kington
HR5 3DJ

Page 1

THAMES DITTON ALMSHOUSE CHARITY

`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2022`

`Trustees`

Mrs T Arif (resigned 19/10/2021)
A Brooks (resigned 19/10/2021)
Mrs I Taylor (resigned 23/6/2022)
Mrs C James
Mrs J Randolph
D S Twining (appointed 10/2/2023)
S Kapadia (appointed 23/6/2022)
D B Brown (appointed 23/6/2022)

`Independent Examiner`

The Carley Partnership
St James's House
8 Overcliffe
Gravesend
Kent
DA11 0HJ

Approved by order of the board of trustees on 6 July 2023 and signed on its behalf by:

Mrs J Randolph - Trustee

Page 2

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THAMES DITTON ALMSHOUSE CHARITY

`Independent examiner's report to the trustees of Thames Ditton Almshouse Charity`

IreporttothecharitytrusteesonmyexaminationoftheaccountsofThamesDittonAlmshouseCharity(theTrust) for
the year ended 30 June 2022.

`Responsibilities and basis of report`

AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewith the
requirements of the Charities Act 2011 ('the Act').

IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutunderSection145oftheActandincarrying out
myexaminationIhavefollowedallapplicableDirectionsgivenbytheCharityCommissionunderSection145(5)(b)of the
Act.

`Independent examiner's statement`

Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattentioninconnectionwith the
examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhichattention should
be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Claire Ralph

The Carley Partnership
St James's House

8 Overcliffe

Gravesend

Kent
DA11 0HJ

11 July 2023

Page 3

THAMES DITTON ALMSHOUSE CHARITY

`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2022`

`2022` `Unrestricted` `funds` `Notes` `£` `INCOME AND ENDOWMENTS FROM` `Donations and legacies` `-` `Charitable activities` `Rental of almshouses` `45,139` `Investment income` `2` `5,731` `Other income` `(3,571)` `Total` `47,299` `EXPENDITURE ON` `Charitable activities` `Rental of almshouses` `34,800` `Net gains on investments` `-` `NET INCOME` `12,499` `RECONCILIATION OF FUNDS` `Total funds brought forward` `358,102` `TOTAL FUNDS CARRIED FORWARD` `370,601`	`2021` `Total` `funds` `£` `180` `31,836` `2,911` `140,370`
	`175,297`
	`42,040`
	`36,676`
	`169,933` `188,169`
	`358,102`

The notes form part of these financial statements

Page 4

THAMES DITTON ALMSHOUSE CHARITY

`BALANCE SHEET 30 JUNE 2022`

2022
Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
5
137,169
Investments
6
150,648
287,817
CURRENT ASSETS
Debtors
7
4,184
Cash at bank
80,847
85,031
CREDITORS
Amounts falling due within one year
8
(2,247)
NET CURRENT ASSETS
82,784
TOTAL ASSETS LESS CURRENT LIABILITIES
370,601
NET ASSETS
370,601
FUNDS
9
Unrestricted funds
370,601
TOTAL FUNDS
370,601 2021
Total
funds
£
137,169
154,219
291,388
2,745
66,017
68,762
(2,048)
66,714
358,102
358,102
358,102
358,102

ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon6July2023and were
signed on its behalf by:

J Randolph - Trustee

The notes form part of these financial statements

Page 5

THAMES DITTON ALMSHOUSE CHARITY

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022

`1. ACCOUNTING POLICIES`

`Basis of preparing the financial statements`

Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
StandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January2019)',Financial Reporting
Standard102'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'andthe Charities
Act2011.Thefinancialstatementshavebeenpreparedunderthehistoricalcostconvention,withthe exception
of investments which are included at market value, as modified by the revaluation of certain assets.

`Income`

AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothefunds,it is
probable that the income will be received and the amount can be measured reliably.

`Expenditure`

Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlement and
theamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisand has
beenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbe directly
attributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwiththeuse of
resources.

`Tangible fixed assets`

Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetoveritsestimated useful
life.

`Taxation`

The charity is exempt from tax on its charitable activities.

`Fund accounting`

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

`2. INVESTMENT INCOME`

`INVESTMENT INCOME`
	`2022`	`2021`
	`£`	`£`
`Dividend income`	`5,722`	`2,909`
`Deposit account interest`	`9`	`2`
	`5,731`	`2,911`

continued...

Page 6

THAMES DITTON ALMSHOUSE CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2022

`3. TRUSTEES' REMUNERATION AND BENEFITS`

Therewerenotrustees'remunerationorotherbenefitsfortheyearended30June2022norfortheyear ended
30 June 2021.

`Trustees' expenses`

There were no  trustees' expenses paid for the year ended 30 June 2022 nor for the year ended 30 June 2021.

`4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`

`5.`

	`Unrestricted`
	`funds`
	`£`
`INCOME AND ENDOWMENTS FROM`
`Donations and legacies`	`180`
`Charitable activities`
`Rental of almshouses`	`31,836`
`Investment income`	`2,911`
`Other income`	`140,370`
`Total`	`175,297`
`EXPENDITURE ON`
`Charitable activities`
`Rental of almshouses`	`42,040`
`Net gains on investments`	`36,676`
`NET INCOME`	`169,933`
`RECONCILIATION OF FUNDS`
`Total funds brought forward`	`188,169`
`TOTAL FUNDS CARRIED FORWARD`	`358,102`
`TANGIBLE FIXED ASSETS`
	`Freehold`
	`property`
	`£`
`COST`
`At 1 July 2021 and 30 June 2022`	`137,169`
`NET BOOK VALUE`
`At 30 June 2022`	`137,169`
`At 30 June 2021`	`137,169`

continued...

Page 7

THAMES DITTON ALMSHOUSE CHARITY

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2022`

`6. FIXED ASSET INVESTMENTS`

`MARKET VALUE` `At 1 July 2021` `Revaluations` `At 30 June 2022` `NET BOOK VALUE` `At 30 June 2022` `At 30 June 2021` `There were no investment assets outside the UK.` `Cost or valuation at 30 June 2022 is represented by:` `Valuation in 2022` `Cost` `7.` `DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR` `Trade debtors` `Prepayments` `8.` `CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR` `Trade creditors` `Other creditors` `9.` `MOVEMENT IN FUNDS` `Unrestricted funds` `General fund` `Almshouse Fund` `Cyclical Maintanence Fund` `Extraordinary Repair Fund` `TOTAL FUNDS`	`At 1.7.21` `£` `240,118` `91,603` `9,208` `17,173` `358,102` `358,102`	`Unlisted` `investments` `£` `154,219` `(3,571)` `150,648` `150,648` `154,219` `Unlisted` `investments` `£` `136,799` `13,849` `150,648` `2022` `2021` `£` `£` `475` `555` `3,709` `2,190` `4,184` `2,745` `2022` `2021` `£` `£` `303` `668` `1,944` `1,380` `2,247` `2,048` `Net` `movement` `At` `in funds` `30.6.22` `£` `£` `12,499` `252,617` `-` `91,603` `-` `9,208` `-` `17,173` `12,499` `370,601` `12,499` `370,601`

continued...

Page 8

THAMES DITTON ALMSHOUSE CHARITY

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2022`

`9. MOVEMENT IN FUNDS - continued`

Net movement in funds, included in the above are as follows:

	`Incoming`	`Resources`	`Movement`
	`resources`	`expended`	`in funds`
	`£`	`£`	`£`
`Unrestricted funds`
`General fund`	`47,299`	`(34,800)`	`12,499`
`TOTAL FUNDS`	`47,299`	`(34,800)`	`12,499`

`Comparatives for movement in funds`

`Unrestricted funds` `General fund` `Almshouse Fund` `Cyclical Maintanence Fund` `Extraordinary Repair Fund` `TOTAL FUNDS`	`At 1.7.20` `£` `70,185` `91,603` `9,208` `17,173` `188,169` `188,169`	`Net` `movement` `in funds` `£` `169,933` `-` `-` `-` `169,933` `169,933`	`At` `30.6.21` `£` `240,118` `91,603` `9,208` `17,173`
			`358,102`
			`358,102`

Comparative net movement in funds, included in the above are as follows:

`Unrestricted funds` `General fund` `TOTAL FUNDS`	`Incoming` `resources` `£` `175,297` `175,297`	`Resources` `expended` `£` `(42,040)` `(42,040)`	`Gains and` `Movement` `losses` `in funds` `£` `£` `36,676` `169,933` `36,676` `169,933`	`Gains and` `Movement` `losses` `in funds` `£` `£` `36,676` `169,933` `36,676` `169,933`
				`169,933`

A current year 12 months and prior year 12 months combined position is as follows:

`Unrestricted funds` `General fund` `Almshouse Fund` `Cyclical Maintanence Fund` `Extraordinary Repair Fund` `TOTAL FUNDS`	`At 1.7.20` `£` `70,185` `91,603` `9,208` `17,173` `188,169` `188,169`	`Net` `movement` `in funds` `£` `182,432` `-` `-` `-` `182,432` `182,432`	`At` `30.6.22` `£` `252,617` `91,603` `9,208` `17,173`
			`370,601`
			`370,601`

continued...

Page 9

THAMES DITTON ALMSHOUSE CHARITY

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2022`

`9. MOVEMENT IN FUNDS - continued`

Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedintheabove are
as follows:

	`Incoming`	`Resources`	`Gains and`	`Movement`
	`resources`	`expended`	`losses`	`in funds`
	`£`	`£`	`£`	`£`
`Unrestricted funds`
`General fund`	`222,596`	`(76,840)`	`36,676`	`182,432`
`TOTAL FUNDS`	`222,596`	`(76,840)`	`36,676`	`182,432`

`10. RELATED PARTY DISCLOSURES`

There were no related party transactions for the year ended 30 June 2022.

Page 10

THAMES DITTON ALMSHOUSE CHARITY

`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2022`

`INCOME AND ENDOWMENTS` `Donations and legacies` `Donations` `Investment income` `Dividend income` `Deposit account interest` `Charitable activities` `Rent receivable` `Grants` `Other income` `Unrealised gains on fixed asset investments` `Total incoming resources` `EXPENDITURE` `Charitable activities` `Rates and water` `Insurance` `Light and heat` `Gardening` `Repairs and maintenance` `Printing, postage & stationery` `Computer costs` `Support costs` `Finance` `Bank charges` `Other` `Subscriptions` `Sundry expenses` `Governance costs` `Accountancy and legal fees` `Total resources expended` `Net income before gains and losses`	`2022` `£` `-` `5,722` `9` `5,731` `45,139` `-` `45,139` `(3,571)` `47,299` `3,728` `2,190` `105` `4,117` `22,632` `-` `226` `32,998` `-` `222` `596` `818` `984` `34,800` `12,499`	`2021` `£` `180` `2,909` `2`
		`2,911` `31,295` `541`
		`31,836` `140,370`
		`175,297` `2,741` `2,154` `103` `1,079` `33,410` `33` `274`
		`39,794` `25` `216` `625`
		`841` `1,380`
		`42,040`
		`133,257`

This page does not form part of the statutory financial statements

Page 11

THAMES DITTON ALMSHOUSE CHARITY

`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2022`

`Realised recognised gains and losses` `Realised gains/(losses) on fixed asset investments` `Net income`	`2022` `£` `-` `12,499`	`2021` `£` `36,676`
		`169,933`

This page does not form part of the statutory financial statements

Page 12