```
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`**
**----- Start of picture text -----**
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
**----- End of picture text -----**
```
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
```