REGISTERED CHARITY NUMBER: 200212
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
FOR
THAMES DITTON ALMSHOUSE CHARITY
Carleys
Second Floor South
The Fitted Rigging House, Anchor Wharf
The Historic Dockyard
Chatham
Kent
ME4 4TZ
THAMES DITTON ALMSHOUSE CHARITY
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
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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
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THAMES DITTON ALMSHOUSE CHARITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended30June2023. 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
In2022/23thecharityconsolidatedandbuiltontheimprovementsinthegovernancearrangements.Forthefirsttime in
anumberofyear,thecharitynowhasanearfullcomplementtoTrustees(DominicBarrington-Brown,Shweta Kapadia,
DouglasTwiningareco-optativetrusteesandCarolineJames,EdwinGlasgowCBEKC,KarenRandolphare nominative
trustees).AllthetrusteesarelocalandbringawiderangeofskillsandexpertisetotheBoard.GlenKeelingremains our
valued Treasurer but Doug Twining will be moving into the role in due course.
InNovember2022,theBoardagreetoincreasetheWeeklyMaintenanceCharge(WMC)fromJanuary2023by£5 per
weekto£80.00perpropertyacrossbothsites.InviewoftheeconomicsituationtheBoardtookthedecisionnot to
implementthemaximumincrease(whichwouldhaveincludedanincreaseinlinewithCPI)toeasethe financial
pressures on beneficiaries.
Wesadlylosttwobeneficiariesin2022sowereabletowelcometwonewbeneficiaries,oneatStationRoadandone at
Weston Park.
InDecember2022,shortlybeforeChristmasandimmediatelyfollowinganincreaseintemperatureafteraspell of
freezingweather,theWestonParkblockexperiencedextensivefloodingcausedbyburstpipesinthelofts.Flat numbers
65,67and63wereparticularlybadlyaffected.Thisresultedinamajorinsuranceclaimwhichwasconcludedin 2024.
Theoccupantsofflats63and67werefortunatelyabletobeaccommodatedbyrelativesforthe8-10monthsittook for
therenovationsandrepairstotakeplace.Theoccupantofno.65decidedtodelayrenovationstoherflatbecauseof the
poor health of her elderly cat. It was agreed with the insurers that these repairs will be done later.
Regularmaintenanceissuescontinuetobeaddressedandimprovements,suchasreplacingbathswithshowers, are
taking place on a regular basis throughout the estate.
TheTrusteeswillfinalisetheinsuranceclaimandcontinuetoconsolidatetherecentimprovements.Itisexpected that
the Board will be up to complement in Trustees later in the year.
FINANCIAL REVIEW
Financial position
At the year end the charity held £392,990 in reserves (2022 : £370,601).
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
200212
Page 1
THAMES DITTON ALMSHOUSE CHARITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023
Principal address
61 Bridge Street
Kington
HR5 3DJ
Trustees
Mrs C James
Mrs J Randolph
D S Twining (appointed 10/2/23)
S Kapadia
D Barrington Brown
E Glasgow CBE, K.C. (appointed 9/10/23)
Independent Examiner
Carleys
Second Floor South
The Fitted Rigging House, Anchor Wharf
The Historic Dockyard
Chatham
Kent
ME4 4TZ
Approved by order of the board of trustees on 13 May 2024 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 2023.
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
Carleys
Second Floor South
The Fitted Rigging House, Anchor Wharf
The Historic Dockyard
Chatham
Kent
ME4 4TZ
14 May 2024
Page 3
THAMES DITTON ALMSHOUSE CHARITY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2023
2023
Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Charitable activities
Rental of almshouses
46,465
Investment income
2
6,377
Other income
8,320
Total
61,162
EXPENDITURE ON
Charitable activities
Rental of almshouses
38,773
NET INCOME
22,389
RECONCILIATION OF FUNDS
Total funds brought forward
370,601
TOTAL FUNDS CARRIED FORWARD
392,990 |
2022
Total
funds
£
45,139
5,731
(3,571)
47,299
34,800
12,499
358,102
370,601 |
|
|
The notes form part of these financial statements
Page 4
THAMES DITTON ALMSHOUSE CHARITY
BALANCE SHEET 30 JUNE 2023
2023
Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
5
137,169
Investments
6
151,567
288,736
CURRENT ASSETS
Debtors
7
11,318
Cash at bank
95,916
107,234
CREDITORS
Amounts falling due within one year
8
(2,980)
NET CURRENT ASSETS
104,254
TOTAL ASSETS LESS CURRENT LIABILITIES
392,990
NET ASSETS
392,990
FUNDS
9
Unrestricted funds
392,990
TOTAL FUNDS
392,990 |
2022
Total
funds
£
137,169
150,648
287,817
4,184
80,847
85,031
(2,247)
82,784
370,601
370,601
370,601
370,601 |
|
|
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon13May2024and 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 2023
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 |
|
|
|
2023 |
2022 |
|
£ |
£ |
Dividend income |
6,067 |
5,722 |
Deposit account interest |
310 |
9 |
|
6,377 |
5,731 |
continued...
Page 6
THAMES DITTON ALMSHOUSE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023
3. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended30June2023norfortheyear ended
30 June 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 June 2023 nor for the year ended 30 June 2022.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
5.
|
Unrestricted |
|
funds |
|
£ |
INCOME AND ENDOWMENTS FROM |
|
Charitable activities |
|
Rental of almshouses |
45,139 |
Investment income |
5,731 |
Other income |
(3,571) |
Total |
47,299 |
EXPENDITURE ON |
|
Charitable activities |
|
Rental of almshouses |
34,800 |
NET INCOME |
12,499 |
RECONCILIATION OF FUNDS |
|
Total funds brought forward |
358,102 |
TOTAL FUNDS CARRIED FORWARD |
370,601 |
TANGIBLE FIXED ASSETS |
|
|
Freehold |
|
property |
|
£ |
COST |
|
At 1 July 2022 and 30 June 2023 |
137,169 |
NET BOOK VALUE |
|
At 30 June 2023 |
137,169 |
At 30 June 2022 |
137,169 |
continued...
Page 7
THAMES DITTON ALMSHOUSE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023
6. FIXED ASSET INVESTMENTS
7.
8.
MARKET VALUE
At 1 July 2022
Revaluations
At 30 June 2023
NET BOOK VALUE
At 30 June 2023
At 30 June 2022
There were no investment assets outside the UK.
Cost or valuation at 30 June 2023 is represented by:
Valuation in 2023
Cost
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments and accrued income
Prepayments
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Other creditors |
Unlisted
investments
£
150,648
919
151,567
151,567
150,648
Unlisted
investments
£
137,718
13,849
151,567
2023
2022
£
£
551
475
7,401
-
3,366
3,709
11,318
4,184
2023
2022
£
£
2,050
303
930
1,944
2,980
2,247 |
|
|
continued...
Page 8
THAMES DITTON ALMSHOUSE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023
9. MOVEMENT IN FUNDS
At 1.7.22
£
Unrestricted funds
General fund
252,617
Almshouse Fund
91,603
Cyclical Maintanence Fund
9,208
Extraordinary Repair Fund
17,173
370,601
TOTAL FUNDS
370,601
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
61,162
TOTAL FUNDS
61,162
Comparatives for movement in funds
At 1.7.21
£
Unrestricted funds
General fund
240,118
Almshouse Fund
91,603
Cyclical Maintanence Fund
9,208
Extraordinary Repair Fund
17,173
358,102
TOTAL FUNDS
358,102
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
47,299
TOTAL FUNDS
47,299 |
Net
movement
At
in funds
30.6.23
£
£
22,389
275,006
-
91,603
-
9,208
-
17,173
22,389
392,990
22,389
392,990
Resources
Movement
expended
in funds
£
£
(38,773)
22,389
(38,773)
22,389
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
Resources
Movement
expended
in funds
£
£
(34,800)
12,499
(34,800)
12,499 |
At
30.6.23
£
275,006
91,603
9,208
17,173 |
At
30.6.23
£
275,006
91,603
9,208
17,173 |
|
|
392,990 |
|
|
|
392,990 |
|
|
|
|
12,499 |
continued...
Page 9
THAMES DITTON ALMSHOUSE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023
9. MOVEMENT IN FUNDS - continued
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 1.7.21
£
240,118
91,603
9,208
17,173
358,102
358,102 |
Net
movement
in funds
£
34,888
-
-
-
34,888
34,888 |
At
30.6.23
£
275,006
91,603
9,208
17,173 |
|
|
|
392,990 |
|
|
|
392,990 |
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedintheabove are
as follows:
|
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
108,461 |
(73,573) |
34,888 |
TOTAL FUNDS |
108,461 |
(73,573) |
34,888 |
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 June 2023.
Page 10
THAMES DITTON ALMSHOUSE CHARITY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2023
|
2023 |
2022 |
|
£ |
£ |
INCOME AND ENDOWMENTS |
|
|
Investment income |
|
|
Dividend income |
6,067 |
5,722 |
Deposit account interest |
310 |
9 |
|
6,377 |
5,731 |
Charitable activities |
|
|
Rent receivable |
46,465 |
45,139 |
Other income |
|
|
Unrealised gains on fixed asset investments |
919 |
(3,571) |
Insurance claim |
7,401 |
- |
|
8,320 |
(3,571) |
Total incoming resources |
61,162 |
47,299 |
EXPENDITURE |
|
|
Charitable activities |
|
|
Rates and water |
3,517 |
3,728 |
Insurance |
2,400 |
2,190 |
Light and heat |
250 |
105 |
Gardening |
2,932 |
4,117 |
Repairs and maintenance |
27,755 |
22,632 |
Computer costs |
226 |
226 |
|
37,080 |
32,998 |
Support costs |
|
|
Other |
|
|
Subscriptions |
- |
222 |
Sundry expenses |
727 |
596 |
|
727 |
818 |
Governance costs |
|
|
Accountancy and legal fees |
966 |
984 |
Total resources expended |
38,773 |
34,800 |
Net income |
22,389 |
12,499 |
This page does not form part of the statutory financial statements
Page 11