``` 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`** **----- 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 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 ```