REGNERED CHARITY NUMBER: 2(10224 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 FOR WINDLESHAM UNITED CHARrriLS Wetione Manhews Limited Chartered Certified Accountants Markei Hous¢ 21 Lenten Street Alton GU34 1 HG
WINDLESHAM UNfTED CHARITIFS CONTENTS OF THE FINANCIAL STATLMEliTS FOR THE YEAR Eh'DED 31 DECEMBER2025 Page Report of the Trust¢cs Independent Ex¥mlner'$ R¢p(tyrt Statement of Financial Activities Balanee Sheet Notes to tbe ThJbaneil St•lements 6 kn 12 Detalled StalenMn¢ of fin4ncil A¢livitles 13
WINDLESHAM UNITED CHARITILS REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER2025 The trustees preseni their rell wilh the finala1 sraiemenis of the charity for the yrar ended 31 Dec¢mb¢r 2025. The Irusiees have adopted the provisioN8 of Accouniing and Reporting by Charities= Siaiemeni of Recommended Practice applicable to charities prqMring their accounts in accordance with the Financial Reporting Sta]Mlard applicable in the UK and Republic of Ireland {FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES Objeellves attd #ims Windlesham Uniied Charities was fornied by a scheme of ihe Chariiies Commissioners in 1899. The objectives are the ereciion aThJ maintaining of homes for ihe poor of the Parish of Windlesham FINANCIAL REVIEW Investment policy objectives The Inje¢S have reco8nised Their lack of expertise in ihis gard. a1 have delegaied the thsk of managing funds io investment management specialists such as COIF. Reserves polity Ea¢h y¢or the trustees rne¢t to agree the l¢vel of rentsl re$Sry to cover th¢ anticipated expenditure. The chariry's reserves are S at a level Co$1dered sufficieni 10 meet ihe cost of ongoing repairs and maintenance of the housing stock, Incl118 major foreseeable repairs sueh &8 the replacement of the roofs. Finaneittl Review for the Year A fir¢ safrty in$pe¢tion wa5 ¢arri¢d out on thE 13 May 2025 and an enf(¥¢M¢n1 notic¢ EN106125 Wd5 issued. After receiving several quoies we insirucied Surrey Fire and Safery io fil a fire alarni in the communal areas at a cosi of £11,292. Emergertcy lighting was fitted in numbei four and along the walkways. We lost Roy Barney in January and Peggy O'Driscoll in May. The 2 vacani properties were filled by ihe end of August. STRUCTURE, GOVERNANCE AYI D MANAGEMENT Governln8 doeunhent The charity is controlled by its governing dUMen¢ a deed oftnLSt and coThstitutes an unincoOratcd charity. Re¢rtslltnent #ppolntjnemt of tt¢w trn$ttts The responsibility for the recwiim¢ni of tTUSW rests with the Windle5ham Parish Council. The ¢onstitution of the charity decrtts ihai there must be 6 trusiees. one of whom is the rector. REFERENCE ALYD ADMINISTRATIVE DEfAItS Regl$t¢r¢d Ch*rlty nmber 200224 Principal Address 4 James Builer Almhouses Meade Court Bagshot Surrey GU19 5NH Pa8¢ I
WINDLFSHAM UNI ITED CHAIUTIES REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2(125 Tru51ee5 J Winterton Mrs D Winierton Rev J Hillman (resigned 4111120251 Mrs R Hutchinson (deceased 1613120251 Mrs V While J Mit¢h¢ll Ire5igned 818120251 B Pickihall lappoinied 201112026) M5 J Madsen (appointed 11412026) A Sievens lapwTrinted 201512025) J Cordirtgley {appointed 201112026) Indepemdent Ex*mlner W¢ttoDe Matthews Limited Chartered Certified Accountsnis Market House 21 Lcnien Stre¢t Alion GU34 IHG STATEMENT OF THE RESPONSIBILITIES OF THE TRusfEES The Trustccs are responsible undcr Section 41 of Part IV of the Charities Act 2011, for ensurirtg that accounting records are kepi which are sufficieni ro show and explain all the traA5aCtions of the clwity, and that disclose at any time with reasonable accuracy financial position ai thai iinK. The Trustees are also sponsIble for preparing financial swements for each financial year, which conwly wilh such requirements as io their forni and conteni as prescnbed by regulations made by ihe Secrethry of se. Approved by order of the t#)ard of wstees on............................................. and signed on its behalf by.. J Wimerfon. Tnwee Pa8e 2
INDEPENDELYT EXAMINER'S REPORT TO THE TRUSTELS OF WINDLESHAM UNITED CHARITIES Independent examintr's report ¢0 ihe trustee5 of Windleslam U•il¢d Charttie5 I report to the charity trustees on my examination ol Ihe accounis of Windlesham United Charilies (Ihe Trust) for the year ended 31 December 2025. Re5ponsibililles ind b515 of report As the eharity trustees of the Tru you are responsible for ihe preparation of ihe accounts in accordance with the r¢quirements of the Charities Act 2011 Act.). I report in respECt of tny examination of tlK Trust's accounts carried out under Section 145 of the Act and in carying out my examinalion I have followed all applicabl¢ Direciions given by the Charity Comnllssion under Section 145{5)(b) of the Act. Independent examlner's stten*nt I have wmpleted my examination. I wnfinn that rmj rnaierial matters have come my atteniion in corLnection with ihe examination giving me cause io believe that in ary material respect: a¢wunting records were not kept in respect of the Tru &% Tequited by Sectiort 130 of the Aa. or the accounis do noi accord with iiK)se records" or the accounts do not cornply with the applicable requirements cOeming the fonn and conient of accounts set out in the Charities (Accounis and Repons) Regulati(w 2008 oth¢r than any requiretnenl that the accounts give a true and fair view which is not a mattet Co81dered &$ part of an independent examination. I have no Concen and have come across no other matters in connedion with the examination to which attention should be drawn in this repo¥1 in order to enable a proper understhnding of the accounts to be reached. W Croucher Wettone Matthews Limited Chartered Certified Accountsnts Market House 21 Lerst¢n Street Alion GU34 IHG Iq &¢ig Pag¢ 3
WINDLESHAM UNITED CHARfTILS STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31 DECEMBER 2025 2025 Total fuAds 2024 Trtal funds Unrestricied Restricted Nolcs INCOME AND ENDOWMENTS FROM Donations artd legacies 23J64 23564 Investment incoTh 51.916 51.916 54.569 Totil 75,480 75A80 54.369 EXPENDITURE ON Charitable etlvltSes Estate costs Grants and donations Repairs and maintenance (hher ¢xpenditure managennt and administration 7.419 23563 J2J53 7819 23,563 32J53 5,248 17.149 10.796 13,359 5.248 15.819 17,149 T•tl 8*732 85,732 45,222 Nei gains on investments 601 18.489 7.380 NET INCOME ooi 1th36 8,237 10.533 RECONCILIATION OF FUNDS Total funds brought fonvard 47J56 270,916 31&272 301. 739 TiyfAL FUNDS CARRIED FORWARD 53,957 272J52 3W09 318,272 The Th)tes fom) part of these financial sthiements Page 4
WINDLESHAM UNITED CHARITI&S BALANCE SHEET 31 DECEMBER 2025 2025 Total fu•d5 2(124 Yal Unrestric*d fvnds Restricted fund Notes FIXED ASSETS Tangible asse Invesimen 132316 132J16 53.957 137, 764 47.550 53,957 53.957 132316 186,473 185. 120 CURRENT ASSETS Debior5 Invesiments Cash at bank 438 78J94 63J28 438 78J94 63J28 330 74.506 00.440 142.160 142.160 135.276 CREDITORS Amounts falling due within one yeaT (2,124 {2,124) f2, 124) NET CURRENT ASSETS 140.iIJ6 1411,036 133.152 TOTAL ASSETS LESS CURRE LIABILITIES S3.957 272J52 326,509 318.272 NET ASSETS 53.957 272,552 326.509 318.272 FUNDS unresiricd funds Restricted fuTKIs 53,957 272552 47.356 270.916 TOTAL FUNDS 326J09 318,272 The flnancial stslements were approved by the Board of Tr$tecS and authorised for issue on 1.115 I tts .. and were sig4 on its behalf by: J Winierton- T¢¢ The noies forn) pan of these finala1 sthtements Page 5
WINDLESHAM UNITED CHARITIES JYOTES TO THE FINANCIAL STATEMEJYTS FOR THE YEAR ENDED JI DECEMBER 202$ ACCOUNTING POLICIES Bsis of prep#rlng the fRnamcial statemtnts The financial staMentS of ihe charity, which is a public benefit entity uThkr FRS 102, have been prepared in accordance with the Charitics SORP (FRS 102) 'Accouniin8 and Reporting by Charities.. Staiernent of Recommended Practiee applicable to chan'ttes preparing their accounts in accordancc with the Financial Reporting Siandard applicable in ihe UK and Republic of Ireland {FRS 102) (effeciive l January 20191,, Financial Reporting Standard 102 Tr Financial Reporting Standard applicable in the UK and Republic of Ireland, and ihe Charilics Act 2011. Thc finarKial mate[$ have been prepared under ihe historical c05t convention, with the excepill of investtnents which are Inc1ed ai market value, as nx)dified by the revaluation of certain assets. lll¢ome All income is recognised in ihe Statenyni ofFinancial Activities once the charity ¢n¢itlemeni to the fund5. it is probable that the Ion will be received aNJ the arnounl Can be nKasured reliably. Expemditure Liabilities are recognised as expenditure as soon a5 there is a legal or eon5truciive obligation comtnitting the Charity to that exp¢ThJitUTe. li is probable that a transfer of economic benefits will be quired in settlement and the amount of ihe obligation can be tnea5ured reliably. Exw)diture is accounted for on an acclS basis and has been cla&sified under headings that aggr¢gaie all cost reled to the category. Where eosts canThJi be directly altribuled io particular headin85 they have IKen allocai¢d io aciivilie5 on a basis consistenl with the use of r¢sour¢es. Grants offered subj¢d io condilioThs which have been ai the year end date are noEed as a commiimeni l)ut noi accrued a5 exp¢ndiiure. T&gible fixed assets Depreciaiiort is provided at the following annual rntts in order to Wriie off each asset over its esrimatcd use1 Freehold property 2% on cost Hou5in8 properties are stsred at ¢05t. No revaluaiion has taken place. No depreeiation is provided on the free1Id land. TxatloA The charity 15 exempt from tsx on its charitable aciiviiies. Fund aetountlng Unreslricied funds can be used in accordance wilh thE charitable objeciives ai ihe discreiion of the irusiees. Resirict¢d fuThJs can only be ed for particular restricied purposes within the objects of the charity. Resitictions arise when specified by ihe dotM)r or wkn taised foi particular restricted purposes. Further explanaiion of ihe nature and purpose of each fund is included in the notes to the flnancial sthiements. Investments InvestnnIS are stated at market value al the balance sheei date. Th¢ Swement of Financial Aetlvllics irKludes Ihe net gal and losses arising r¢v4luaiion and disposals throughout the year. Page 6 continued...
WINDLESHAM UNfTED CHARITILS NOTES TO THE FINANCIAL STATEMENTS- tontln*ed FOR THE YEAR ENDED JI DECEMBER 2025 INVESTMENT INCOME 2025 2024 R¢nt5 received Other fixed asset inv- UnFII Deposir aceouni int¢rest 51,016 313 587 53,533 27 566 51.916 54.309 TRusfEES' REMUNERATION AND BENEFITS There were TK) trustccs. remuneration or 0 benefits for the year eThJed 31 December 2025 nor for the year ended 31 December 2024. Trusters, expen5¢5 There were no trustees. expenw Ed for the year ended 31 Deccmber 2025 nor for the year ended 31 December 2024. During th¢ y¢ar, £36412024: £364) was paid in respect of t[lee indemnity insurance. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES Unrestricted R¢5tTi¢t¢d nd Total funds INCOME AND ENDOWMEWTS FROM Investment income 54,369 54,369 EXPENDITURE ON Charltab]e attlThities Estate c051s Repairs and rnaintcnance Other expenditure ManaEement atKi adminhstration 10.796 13.359 5,248 15,819 10,796 13,359 5,248 15,819 Total 45,222 45,222 Net gains on investmenTS 1,909 5.477 7,386 NET INCOME 1.909 14.624 16,533 RECONCILIATION OF FUNDS Tolai funds broughi forward 45,447 256,292 301,739 TOTAL FUNDS CARRIED FORWARD 47.356 270,916 318,272 P•ge 7 continued...
WINDLESHAM UNITED CHARfTIES NOTES TO THE FINANCIAL STATEMENTS- eontinued FOR THE YEAR £IYDED 31 DECEMBER202S TANGIBLE FIXED A&SETS Frcehold property COST At l January 2025 artd 31 December 2025 262J41 DEPRECIATIOIY AT l January 2025 Charge (or year 124077 5,248 Ai 31 December 2025 129,825 NET BOOK VALUE Ai 31 December 2025 132J16 Ai 31 December 2024 137.764 Windlesham United Charities was forn1 in 1899 by a sche£ of the Charity Con]mi&8ioners, later varied, and con5LSt5 of al[hDUs¢ charity a1 nine s¥naller charbtie& all estsblished in the locality of WiNllesham. Surrey. James Butler Alrnshouses were ori8inally constructed in 1761. They were rebuili and enlarged In 1930, and further modemisaiion was carried oui in 1954 and 1974. The ¢ost in these acwunts includes work done in 1974 which was nded by a housing grani. a local auilK)rity loan. and from the charity's own resouwes. Additional refurb15hnnt in 1998 {£40.532), 1999 (£9,334). 2014 (£2S.0281. 2015 {£13,435) and 2020 (£42.1091 is also included. No value is aiiribuled io the com of laMd or the ori8inl CO of ihe buildin& FIXED ASSET INVESTMENTS Unlisied investments MARKET VALUE At l January 2025 Revaluations 47,356 6,601 At 31 December 2025 53.957 IYET BOOK VALUE At 31 De¢ember 2025 53,957 At 31 Deeember 2024 47.J50 There were no inY¢sLment asse 01e ihe UK. Page 8 ¢oniinu¢d...
WINDLESHAM UNITED CHARITI NOTES TO THE FIYANCIAL STATEMENTS- ¢owtillu¢d FOR THE YEAR ENDED 31 DECEMBER 2025 FIXED ASSET INVESTMENTS- C051 or valualion at 31 December 2025 is represenied by: Unlisted investments Valuation in 2025 Cosi 6,601 47,356 53,957 The inves1nniS comprise of ihe following: 2025 2024 COIF Income share5 NAACIF Income sharcs NAACIF Accumulation shares 4J28 4J28 45,101 4.546 4.064 J8.746 Towl Market V¥lu¢ 53.957 47.356 DEBTORS.. AMOUNTS FALLING DUE WITHIN Oh'E YEAR 2025 2024 Prepayments 438 33 CURRENT ASSET INVEStMENTS 2025 2024 UnlLSted investments 78J94 74,506 The income funds of ihe Charity iNlude reMric*d funds comprising thc following uneXpcml bthlan¢es of funds held on trusts 10 bc applied for specific purposes.. 2D25 2024 Cyclical repair5 Extrdordinary repairs 29.862 4&S32 33, 780 40. 726 Toial 7&394 74.506 Page 9 continved...
WINDLESHAM UNITED CHAIUTIES NOTES TO THE FINANCIAL STATEMEh'TS- eo#¢lMlled FOR THE YEAR ENDED JI DECEMBER 2025 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Other ¢redilor5 2,124 2.124 10. MOVEMENT IN FUNDS Net nx)vemeni in fvnds At 31112125 Ai 111125 Unrestrirted funds Endowmeni fund 47J56 601 53,957 Restrlcted lunds Restricred fund 270.916 1,636 272,552 TOTAL FUNDS 318.272 8337 326.509 Net moVenI in fvnds. inclwjed in ihe above are as follows: Incoming resources Resources expended Gains and losses Movernent in funds Unr¢strlrted fuDd$ Endowment fund 6,601 601 Restrleted lunds Restricted fund 75A80 {85,732) IIW8 1,036 TOTAL FUNDS 7SA80 (85,732) 18,489 8237 ComparatiYQs for fund5 Net movemeni in funds At 31112124 At IllJ24 Unreslrl¢ted funds Endowment fund 45,447 47,356 Restrleted funds Restricted fund 256292 14.624 270,916 TOTAL FUNDS 301.739 16.533 318,272 Page 10 ¢oniinued...
WINDLFSHAM UNITED CHARITIES NOTES TO THE TrINANCIAL STATELMENTS- contimued FOR THE YEAR ENDED31 DECEMBER 2025 MOVEMEi4rr IN FUNDS- eDDtiDued Comp8rativ¢ net movement in fvnds. incIJed in the above are as follows.. lrtcoming Resources expended Gains aftd losses Movemenl in furtds Unrestrltted lunds Endomryneni fund 1,909 1,909 Restricted funds R¢stricted fund 54.369 (45.222) 5.477 14,624 TOTAL FUNDS 54,369 {45.222) 7,386 16,533 A current year 12 nM)nihs and prior year 12 ny)nihs Combined posilion is as follows: Net movement in ndS At 3111Y25 Ai 111124 Unrestrlrlfd funds Endowment fund 45,447 8.510 53,957 Restrkted fvnds RCstrI¢t fund 256292 16.260 272J52 TOTAL FUNDS 301,739 24,770 326.509 A current year 12 months and prior year 12 Thnths conthined net m0veThnI in h]nds. irKluded in rhe above are as follows.. Incoming Resouwes expended G¥iTLS and losses Movement in funds Unrestrl¢tfd funds Endowmeni fund 8.510 8,510 Re$¢rkted funds Restricted fund 129.849 {130,9541 17,365 16,260 TOTAL FUNDS 129.849 (130,9541 25.875 24,770 Pagell Contin1...
WINDLESHAM UNITED CHARITIES NOTES TO THE FINANCIAL STATELMENfs- coatinued FOR THE YEAR ENDED 31 DECEMBER 2025 ii. RELATED PARTY DISCLOSURES There were no related party iransadions for the year ended 31 tkcember 2025. Page 12
WINDLESHAM UliITED CHARITILS DETAILED STATEMENT OF FINANCIAL ACTIVITILS FOR THE YEAR ENDED 31 DECEMBER 2025 2025 2024 INCOME AIYD ENDOWMENTS Granis 23,564 Inve5tthEnt intome Renis received Other fixed &sset inv- UnFII Deposit account interesi 51.016 313 587 5J,533 27Q 566 51,916 54,309 Tot81 Inrowlng r¢SQUTC 7&480 54,369 EXPENDITURE Charitable ac¢lvlties Sundries Esiaie costs Repairs and maintenance Trustees. insurAnce Freehold propcrty Gr8tJis to institutions 1.401 7A19 32J53 364 5.248 23J63 1,526 10. 796 13.359 364 5.248 70J48 3J.09J Support eosts MaThagement Clerk's wages and expertses 13,224 12,761 Governanee eosl$ Accountancy and legal fees 2.160 1,368 Total resources expended 85,7J2 45,222 Net l¢ipeDdltureYlnwJue befor¢ gsln5 losses (l(J,252) 9. 14T Re•lised recognlsed galm And 105 Unreali5ed gains I Ioss¢s on inv¢stm¢nts Realised gain&'losses 17.495 994 8,586 (1.200) Net Income 8,237 16.533 This page does not form part ofthe Stat0ry financial siaiemenis Page 13