REGISTERED CHARITY NUMBER: 200212
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
FOR
THAMES DITTON ALMSHOUSE CHARITY
Carleys
Second Floor South
The Fitted Rigging House
The Historic Dockyard
Chatham
Kent
ME4 4TZ
THAMES DITTON ALMSHOUSE CHARITY
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
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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 2024
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended30June2024. 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 and deserving people.
Public benefit
TheTrusteeshavehaddueregardtotheCharityCommission'sguidanceonpublicbenefitwhensettingthe charities
objectives.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
In 2023/24 the charity consolidated and built on the improvements in the governance arrangements.
ThecharitynowhasanearfullcomplementofTrustees(GlenKeeling,DominicBarrington-Brown,Shweta Kapadia,
DouglasTwiningareco-optativetrusteesandCarolineJames,EdwinGlasgowCBEKC,KarenRandolphare nominative
trustees.)AllthetrusteesarelocalandbringawiderangeofskillsandexpertisetotheBoard.DougTwininghas taken
overfromGlenKeelingasTreasurer,butGlenKeelinghaskindlyofferedtostayonasaTrustee.Sadly, Dominic
Barrington-Brown resigned in June 2024 and we will seek to replace him in due course.
InNovember2023,theBoardagreedtoincreasetheWeeklyMaintenanceCharge(WMC)fromJanuary2024by£5 per
weekto£85.00perpropertyacrossbothsites.InviewofthecurrenteconomicsituationtheBoardtookthedecision not
toimplementthemaximumincrease(whichwouldhaveincludedanincreaseinlinewithCPI)toeasethe financial
pressures on beneficiaries.
Wesadlylostthreebeneficiariesin2023/24sowereabletowelcomethreenewbeneficiaries,twoatStationRoad and
one at Weston Park.
Regularmaintenanceissuescontinuetobeaddressedandimprovements,suchasreplacingbathswithshowers, are
takingplaceonaregularbasisthroughouttheestate.Duetothesheervolumeofmaintenancework,weare now
employingtheservicesofapart-timemanager,HelenBrosnan,tofieldinitialcalls/issuesfrombeneficiariesandto liaise
withsuppliersasneeded;thishassignificantlyeasedtheworkloadoftheTrustees,inparticulartheChair, Karen
Randolph, and also Caroline James.
TheTrusteeswereabletofinalisetheinsuranceclaim.Theconsequencesofthedamagecausedbyburstwaterpipes at
Weston Park in December 2022 have been dealt with apart from one flat, with extensive renovations completed.
FINANCIAL REVIEW
Financial position
At the year end the charity held £433,556 in reserves (2023 : £392,990).
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 2024
Principal address
61 Bridge Street
Kington
HR5 3DJ
Trustees
Mrs C James
Mrs J Randolph
D S Twining
S Kapadia
D Barrington Brown
E Glasgow CBE, K.C. (appointed 9/10/23)
Independent Examiner
Carleys
Second Floor South
The Fitted Rigging House
The Historic Dockyard
Chatham
Kent
ME4 4TZ
Approved by order of the board of trustees on 28 April 2025 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 2024.
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
The Historic Dockyard
Chatham
Kent
ME4 4TZ
29 April 2025
Page 3
THAMES DITTON ALMSHOUSE CHARITY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024
2024
Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Charitable activities
Rental of almshouses
47,128
Investment income
2
8,079
Other income
65,375
Total
120,582
EXPENDITURE ON
Raising funds
266
Charitable activities
Rental of almshouses
79,750
Total
80,016
NET INCOME
40,566
RECONCILIATION OF FUNDS
Total funds brought forward
392,990
TOTAL FUNDS CARRIED FORWARD
433,556 |
2023
Total
funds
£
46,465
6,377
8,320 |
|
61,162 |
|
-
38,773 |
|
38,773 |
|
22,389
370,601 |
|
392,990 |
The notes form part of these financial statements
Page 4
THAMES DITTON ALMSHOUSE CHARITY
BALANCE SHEET 30 JUNE 2024
2024
Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
5
137,169
Investments
6
161,447
298,616
CURRENT ASSETS
Debtors
7
7,079
Cash at bank
130,685
137,764
CREDITORS
Amounts falling due within one year
8
(2,824)
NET CURRENT ASSETS
134,940
TOTAL ASSETS LESS CURRENT LIABILITIES
433,556
NET ASSETS
433,556
FUNDS
9
Unrestricted funds
433,556
TOTAL FUNDS
433,556 |
2023
Total
funds
£
137,169
151,567
288,736
11,318
95,916
107,234
(2,980)
104,254
392,990
392,990
392,990
392,990 |
|
|
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon28April2025and 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 2024
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.
Freehold property- not provided
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
|
2024 |
2023 |
|
£ |
£ |
Dividend income |
6,935 |
6,067 |
Deposit account interest |
1,144 |
310 |
|
8,079 |
6,377 |
continued...
Page 6
THAMES DITTON ALMSHOUSE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024
3. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationsorotherbenefitsfortheyearended30June2024northeyearended 30
June 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 June 2024 nor for the year ended 30 June 2023.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
5.
|
Unrestricted |
|
funds |
|
£ |
INCOME AND ENDOWMENTS FROM |
|
Charitable activities |
|
Rental of almshouses |
46,465 |
Investment income |
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 |
TANGIBLE FIXED ASSETS |
|
|
Freehold |
|
property |
|
£ |
COST |
|
At 1 July 2023 and 30 June 2024 |
137,169 |
NET BOOK VALUE |
|
At 30 June 2024 |
137,169 |
At 30 June 2023 |
137,169 |
continued...
Page 7
THAMES DITTON ALMSHOUSE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024
6. FIXED ASSET INVESTMENTS
7.
8.
MARKET VALUE
At 1 July 2023
Revaluations
At 30 June 2024
NET BOOK VALUE
At 30 June 2024
At 30 June 2023
There were no investment assets outside the UK.
Cost or valuation at 30 June 2024 is represented by:
Valuation in 2024
Cost
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
Prepayments and accrued income
Prepayments
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Other creditors |
|
Unlisted
investments
£
151,567
9,880
161,447
161,447
151,567
Unlisted
investments
£
9,880
151,567
161,447
2024
2023
£
£
751
551
2,861
-
-
7,401
3,467
3,366
7,079
11,318
2024
2023
£
£
1,804
2,050
1,020
930
2,824
2,980 |
|
|
|
|
|
|
continued...
Page 8
THAMES DITTON ALMSHOUSE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024
9. MOVEMENT IN FUNDS
At 1.7.23
£
Unrestricted funds
General fund
275,006
Almshouse Fund
91,603
Cyclical Maintanence Fund
9,208
Extraordinary Repair Fund
17,173
392,990
TOTAL FUNDS
392,990
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
120,582
TOTAL FUNDS
120,582
Comparatives for 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
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
61,162
TOTAL FUNDS
61,162 |
Net
movement
At
in funds
30.6.24
£
£
40,566
315,572
-
91,603
-
9,208
-
17,173
40,566
433,556
40,566
433,556
Resources
Movement
expended
in funds
£
£
(80,016)
40,566
(80,016)
40,566
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 |
At
30.6.24
£
315,572
91,603
9,208
17,173 |
At
30.6.24
£
315,572
91,603
9,208
17,173 |
|
|
433,556 |
|
|
|
433,556 |
|
|
|
|
22,389 |
continued...
Page 9
THAMES DITTON ALMSHOUSE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024
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 1.7.22
£
252,617
91,603
9,208
17,173
370,601
370,601 |
Net
movement
in funds
£
62,955
-
-
-
62,955
62,955 |
At
30.6.24
£
315,572
91,603
9,208
17,173 |
|
|
|
433,556 |
|
|
|
433,556 |
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedintheabove are
as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Incoming
resources
£
181,744
181,744 |
Resources
Movement
expended
in funds
£
£
(118,789)
62,955
(118,789)
62,955 |
Resources
Movement
expended
in funds
£
£
(118,789)
62,955
(118,789)
62,955 |
|
|
|
62,955 |
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 June 2024.
Page 10
THAMES DITTON ALMSHOUSE CHARITY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024
INCOME AND ENDOWMENTS
Investment income
Dividend income
Deposit account interest
Charitable activities
Rent receivable
Other income
Unrealised gains on fixed asset investments
Insurance claim
Total incoming resources
EXPENDITURE
Other trading activities
Bad debts
Charitable activities
Water rates
Insurance
Lighting
Gardening
Repairs and maintenance
Disturbance payment to beneficiaries
Computer costs
Storage costs
Management costs
Support costs
Other
Subscriptions
Sundry expenses
Governance costs
Accountancy and legal fees
Total resources expended
Net income |
2024
£
6,935
1,144
8,079
47,128
9,880
55,495
65,375
120,582
266
4,323
3,366
839
2,600
56,030
7,205
390
1,934
670
77,357
437
846
1,283
1,110
80,016
40,566 |
2023
£
6,067
310 |
|
|
6,377
46,465
919
7,401 |
|
|
8,320 |
|
|
61,162
-
3,517
2,400
250
2,932
27,755
-
226
-
- |
|
|
37,080
-
727 |
|
|
727
966 |
|
|
38,773 |
|
|
22,389 |
This page does not form part of the statutory financial statements
Page 11