Qhanty RÈ9iStratiOTh Nu. 2DU290 RSH No. AD056 THE MRS. HENRIETTA FRANCE LE PERSONNE BENBVOLENT TRUST TRUSTEES, REPORT AND UNTS FOR THE YEAR ENDED 31 DECEMBER 2024 Le Personne HOMES
THE MRS. HElUEA FIi4NCES LE PERSONNE BENEVOLENT TRUST LEGAL AND ADMINISTRATIVE INFORMATION Board ofTrstees Mrs E.M. Web51erlVice Cljaitnwil Mr. RJ. Rithard Mr. P. Cannon (Cha]1Th) Mrs. A. CoopEE Mrs. C. Steer orri¢trs- Clerk Mr5. G.S. Caunt MAnager (WardrDI'. Mr5. F. Bri¢11 M8iDkDAn¢e M¥DS¥tr'. Mr. I. wd FillaDce A55i5tant MYS. J. Foster PrwciplAddress: LL Pernonne Home5 B3Tthad Road CatBrtMm Sulley CJU 5SW Cbarity ?00290 RtEuIAtor of So¢iAI H•ll$lg rgiStration Dr A0056 Alm5bovsE A55oriXlioll tso. M643 Awdittyrs= iknehard Place Dob50n SeTriGes Limited 1-7 Ststion Road Ca West SuBK 10 Iirr Gull 80licitors 16 Mill Strtei Maidstont Kent ME15 6xr BnkeT5- The CTrOp¢Talive BÈnk Plt 80 Cornbill Londort EC3V3NJ
THE MRS. HENETTA FIL4NCES LE PERSONNE BENEVOLENT TRUST CONTENTS PAGE PAge Lcgd and athuni5trativt infornwi¢m Tstee%, report Stement of board5, Tesponsibilitie5 Auditors rew>rt 10-12 StBtement of compr¢heD5ive C0]ne Income and RpdItUre accounti 13 BHiate sheet 14 Statem¢ntof ¢haTVS ifLresErv 15 Statement of ca%h flows Notes to the accounts 17-23
THE MRS. HENRIEThA FIL4NCES LE PERSONNE BENEVOLENT TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 ThB btsard of Th¢ Mrs. HentiBtta FraA¢es L¢ Per50Dlle Benevolcnt Trust presents tbeAr repon dthe audited fiL¥JJ¢ial giat¢m¢nts of The Tr forthe yeaT ended 31 December 20?4. Struttur¢ Ciovernance aDd Mats tm£nt Sirncrtsre The Trust is an unincoTporated TrusL consiityted UlldeT a Tru deed datEd 23 September 1941 and 15 are8isiered charity, nlltnber200290. The Trust eSEablished by the thITd and fifth Codicilg to the of Nfy Louis Amtoine GeoTges Le PersoDn4 proved ott the 9th Oaokr 19i9. of hjs wife, MTS Henri¢lla Frances Le Personnt Ed on the 1st Mwch 1925. The objects of the Trust. & instwctrd in the NNryll ofthe founder. are the provision of"honKs and chaTities for lh¢ benefit Df old women folk in reduced 01 poor cir¢umst3nces living in Cat¢Th2m but JnDte particul¥ly UppeT CaterhaD) and quite exGeptioLally greailv desetving cases outside ofthe e. The Tnl now provide5 ac¢o]JJmoOgtion in sheltered housing, wmprisillg 43 one-bed for needy elderly womcn. The Tnt31 Deed requires there to b¢ ab03rd of five Tste¢S. In January 2022, th¢ Tru5tee& used their powers underthe Chuitie8 Acts to Dwdifythe Twst Deed to: . Amend the wa! that Trustees 8PPOmte¢' SD that all five Ttr¢s (previously four) appointed by the Trust. Governjrtce Th¢ Trustee5 serve for four years. after which period they may put themselves forward fo[ Te-appointyr¢nt The induction process for any newly appointed Trustee comprises an initial meeting with the chaInna followed by g series of eetIngS with the Clerk on veslents, fillClaI controls, the proc¢ss for granting licenses to reside in the Trust's flats, 3ndthe powers and responsibilities of the Ttusiee board. The welcome pgck includes a brief h15tory of the Trust, Copies of recent Board Tninuies, acopy of the annual teport and acunts. a copy of the governing Trust d¢ed and a copy of the Charity Cornmis5ion's 8uidanc¢'The Es5elltitJ Trustee,. The Trust Deed requiTes aminimum of two Oldin m¢eting5 each yeaTbui tn pwtsce. the Tru5tBes hold six ordmary mBetings each year. Aminllnum of t¥> trustee5 for t quotum for these meetings although, ID practice. the Truste¢3 op¢M¢ on aminimum of thre¢ and fidl attend¢¢ is nonnally achieved. The Chainnan and Vic¢ Chairman ate B]e¢d at Ihe fwstrneetillg of ea¢h ye. In 2022 t Trustees decided thai in fvture the position of Chairman would be held for amLNimumperiod of thr¢¢ years befoTe being filled by a different Trustee. The Trustees may o¢se to retsin the knowledge and expertiSB of p%1 truste¢s who are unable, or do noi vn5h. to continue a trustee. To thi5 end the Trustee& fromtittie to iDne, appoint such Pa trumees ¥ office of the Tru#, delegated responsibility th¢ fullest ext¢nt allowed under the Trnst Deed aDd the Chariry's Act.
THE MRS. HENRJEThA FIi4NCES LE PERSONNE BENEVOLENT TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER2024 The Trustees agree the broad strategy 2nd 2Tea5 of actiNty for the T( lljcluding consideration of applications foT residEnce. investtThenL r¢serv¢5 and risk- mwemeni policies perforn)aAce. The Alrnshou5E AssDciation Standards orAJhOuS¢ Management, is used by the Trustees &% the Code of G0venGe and thi5 15 accepted by the Regulator of Social Housing as the regulatory guidance for Registered Providers that 3150 Almshou$. In caTrying out the business of the ChaTlty. th¢ Tn1¢¢5 ¢Ure ihat they wIl1 with the GoVer[te znd Financial Viability ST03Tds 85 required by the RSH. The Trustees ¢wuT¢ that th¢y manage their affairs with ¥m appropiiate dee of skill. independence. diligence. efftthvene5s, prudence and foresigbi. Budgets are set &Jnually, and finan¢ia] perfomjance relryewed forttLAlly everytwo rnontbs. Th¢ long-ttrn fm•L¢ial viability is also assessed at least annU]Y takJDg 8ccount of possible risk factors. ManGgem8n The day lo daymanagement 2nd administraiion of lh¢ Charity is ¢ed out by the Clerk The Clerk is employed parttirn¢. Supponto the ttsidents Is pitiTrided by a full tie resident Homes Manager IWaTd¢nl and th¢ preny5eg are maintsirted and developed by the Maintenallc¢ Manager. supponed by proftssional advisors. The is 8 memberof the A]hOuSe A850ciation and registsred with the Regulatorof Socia] Housing as a Rcg2St¢Fed Provsderof Social Housing. The AIrnshouse Association provides much h¢lpfvl inforniatiorl on good pA¢ti¢e, se5 in the law affeCtll So¢ig1 Housing Chaniit5 acts as auihoriiative lobbyists on beitsif of me]nb£r5 with the government regulators. Risk.MaDa ement The Trusteeg have ¢ottsidered the majorrisks to wljich the th3Tity is exposed and have reviewed thoseri8ks atsd established syst¢ms and procedwes to manage those risks. The TSteeS auditthe financi systems 8nd procedures ititemally eachyeaT to ensure that they are appli¢d ¢fft¢tively a 11 external audit of thB TtU5t's fllwicial perfODzne is Caled out. Ob'ectives and Activtties The aims ofthe Trust are to ptowde secure, deGenL affoTdab12. and Gornfortabl¢ acmMOdatiOn in awam and friendly ¢oll]rnunity. which IS 5uilable forolder women who are able io look after themselves. to provide tbai degtee of 5uppor( sbort of personal care. which 1[ enable thet0 retain their ldEPEndenCe in the hotne ChBnges in circUt¢¢5 sinc¢ th¢ Charity wa5 cr¢¢0 have resulted in the criteria used to identify potential applicant5 forrtsIdce being inieTrieied 10 ffteei Cuent dav needs through exvallding the immediate catchm¢nt area to nortb T2ndridge. Exceptionally. accommodation is $0 offered io elderly needy women fromelgewhere. ideally those who have IElatlV¢s )d close friends, resident iL orth Tdridge would benefit from the close supwrt of friends and family. Pnonty continu¢5 to be given 10 residents of Catethamou the Hill. In setring the objectives and pljnIng the a¢ties, the Trustees have given caTeful con5ideTation to the Charity Commissiott's genekl 8uidanLY on public benefit. Achievements and Performance BttsinessPerforman¢e The Trust continued to Zchievt its objective of supportillE its RE5id¢ots to miintain ind¢p¢ndent lives, aided necessary by Adult So¢iaT Care.
THE MRS. HENRIETTA FRANCES LE PERSONNE BENEVOLENT TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Workh& CDntiny¢d. to maintain the quality ofthe facilities at a high level During the ye. the Trustbegan aa PTogTanThe to replace the existing 8a5 boilets air source heat pumps with the installation of the (he first two heat Pup$ being completed in November. Resident Con5uliution The Trustees meet fotmally with the R¢sidents exch ye. Th¢ purpose of these me¢riDgs is to hea[ Residents, vic on the perforn)ance Dfthe Trust's staff and io ckthe ideas on how the facllitie5 can be improved. The opportunity 15 rgk¢n to ieview the ¢urreni development progr8rnme and suggem are85 tor further impTov¢m¢nts Residents receive a personal Copy of the TTU5tee5 Annual Reporr prioi to lh¢ meeting and are tncour3ged to discuss its contents the True¢S. Individual Trnse5 a]so meet Individu Resid¢nts on aD 8nnua] basis when R¢5id¢nts are Bncouragedio rae ally issues of interest or concem TtteS Residents also me¢t ujfonnally through th¢ year at social events held atthe Homes and elsewhere. The Hom¢5 Managerholds less fotmai rneeti]tgs on a more frequentbasis, usu8]ly tnonthiy, attd suppl¢ments these with a wc¢kiy soGial gathering at which any issues can be rais¢d. AlmshouseAssociario The TrJ5t is alongstanding nxmbErof tbe AJmshow¢ Association. Tn5t¢es occasionally attend lo¢ 8nd national meetings, and OlonallY provide advice and guidanc¢ to other less expericnc¢d A5OU$es. Regt41tsior oJSocTL71 Houslng Th¢ Trust is a regisier¢d piovidet withtbe Regu]aloT of Socia] HousiDg aDd has a regulatory obligation to providc a complaillts procedure. The Trust mustpublish a selfsessEnt of the procedure and this musi b¢ approved by the Trust¢£s gnnually. The Unm1 inlernalaudit ofthe Trnsi sfinanciul ¢yndoFherkeyacitviries waJ &r1edOtalldnOPyObl£ThS sigrtificance FdeniTfied O¢LpLyncy Voids were IT14% in 2023 andur 0.4% in 2024 andare expeciedro relurn lo 2.5% sn 2025. Residelll& The tsgeprcfile Dfihe residepjtx at the eThdoy2024 wos asfollows (endol2023 in bracketsj 90 years and 8bove 85to89 80to84 751079 70to74 Be]ow 70 io The Tnjstees welcomed fourDewtesidents the Homes duritig 2024. Healih andsufety There were no sI1ficant incidents during ih¢year. Jnsuron¢e The Trnsi comprehensive insurance Covering ih¢ PTem15BS in general for £1 S million as well as specialist insuTan¢e for cquipment such as lifts. Publi¢ liability insurance is place foT £5 million and Employers Liability insur•Jce for £10 rnillion. Insurance i5 provided for R¢sidents personal itcm5 in their tiars.
THE MRS. HENRIETTA FIi4NCES LE PERSONNE BENEVOLENT TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER2024 Fucililigs Jnvesrment The TTUStees havt continued to invest in maintaining and developing the faulities. To achieve v8]u2 formoney. day-tO-d8y Tninor n]ainten¢t is managed using proven local Sm] contractois. Lar8¢r work i5 reftyrcd io the Trust'5 Prof¢5$10nal Advisors, who obtsi muliiple quotations from accredited contractors. with sUPPOrtillg reviews, in order foT the trllste to decide how to proceed. Forllfftjor PTojecis, the Professional Advisors act & proJectmana8er. Expenditur¢ on routine and cyclic3] minieJ)ance to the fa¢iiitj¢S itl 2024 totaued £24,831. Silfie8n1 work ¢omplet¢d dutiDg 2024 included". .In5t311ation ofthe first two air sour¢¢heat pumps .Re-Carpeting of ttvo flgts .B proofing the solaT pattels onthe East Wing roof .Five year ¢lectrical telling .EPC rating renew31 for ail flats Fiti*o¢ial Rewitw Turnover was highErth I[ y¢8r at £474,70312023.. £426,700). The surplus on ordinary activities for th¢ yeat wa% £64,055 wmpated to a surplus in 2023 of£86.8J7 IbefoT¢ lo%es I gtiins on investments). Al the ¢nd of 2024, the Tnast had outsianding103ns of £l,011.815. Interest paJTh¢nts and bank ChgeS during the year tota]led £71,25812023 £67,455). The Trust's net curr¢nl ¥sets atthe end of the ye3r were £45,89812023.. Nel cwrellt Sets £13,449). The value of lljvestrnents hdd by the Ttusi increwed to £822812023.. £7.7561. Ill line the budget approved in janu 2024, the Weekly Mz]nten¢e Contribution IWMCI increed from the b¢gllming of April 2024 by £9.42 per weektD £213.29. Within this. the Housing Chge w35 set at the'tsg¢t rent" level of £129.i6. The Support Charge r¢mallRd at £16.40 periveek and lh¢ SeTrice Charge eligible forbenefit paiThents increased by £0.17 to £17.53 perThrEk The Seryic¢ Charge not eligible for benefit r¢ll]ned at 0.00 per wee nvestment Poli¢ and Ptrfornblnt The Trust's as5t15 are held prinmiiy i) the land and bui]dillgs a$¢la1ed withthe Charity's primary objective of 5helteT2d hO]rtg provision. The Trustees have overall responsibility foi the invesment of the Charity's tund& and theyT¢tsin dl decisions concernmg inv¢5trneDts to themselves except forthose concemitig d15posa] of the tharity'5 property, ithich would rBqUit¢prior approvaI froth the RSH betause of the use of public fvnding in th¢ir rnodernisalion. The investsnent objeaive5 are to ensure that the TTU8tets have attess io 8uffi¢ient C35hteserves to meet all 2nticipatrd short-tennneeds and medium-terni Gyclical mailltrnanGe act]lties.
THE MRS. HENRIETTA FRANCES LE PERSONNE BENEVOLENT TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER2024 The Trustees wish to establish 8nd [naltaIti sources of income. in addition to those avallable fromthe licensing ofth¢ 5hElteied holtsittg PToperties. where the use of the funcls is not Festhcied by thc rcgul)tions. frorn time to time, relating to Welfare Benefits and related paents to Residents. The TTUStees also to build and maintain SIlficant investmeni T¢5erves. to be available for periodic refvrbishrnent and dev¢lopment ofthe Ia and buildu]8s, in order io maintain the Trust's long-terni ability 10 meet the chaDgingneeds of fvture sheltrr¢d housing provi5jO The policy of the Ttust is 10 tsk¢ alow risk apptoach 10 its ujveslrnellt pottfolto. Short-term operational fvnds are held in current accounts. Irl orderto minimise lh¢ risk fro ils stock market Inve5t[ent8, long-iern ft]nds are held in Accumulation Units ill a Common Investmellt Fund estgbli5hed undei$24 ofih¢ Chanties A¢1 1993. These forni the Extraordinary Reserve Fund, a deSIal¢d fi]nd as Tequed by the Trust Deed. Tht Chlty achieves its unen¢vmbered income from the investh]ent held in Incom¢ Units in the same Common Investment Fund. This is supplemented by the incom¢ from the Government's longterrn Feed in Tariff, resultE from the Trust's Investllt in photovoltaic solarptI9 in 201 I. Th¢ Trustees review the wrtfolio of inve5ttnents 2nJJually attd invesllnent perfonnance at each Tlee lleting. At the end of 2024 the Trust's Teserves12023 in brack¢tsl were". Czsh in Batk £147,044 Inv¢sttlle]Jts 1£118.7381 TOTAL £155 272 £126_494 Re$erYt$ Polie Th¢ Trust's planned lev¢ls of resee5 atE.' for tluciu3tion5 in short iemi ¢XP¢Dditure-approximar¢ly ODe th.$ expenditure m a cheque a¢¢oLmt for cyclicfj mairtTrnmce expEndittre- approxirnBfrly one Jnonth's expenditUTe in a cheqiie account Iiht CMF reserve) for long ter extraordinary repaits tnd modernisaiion-a tsrget of five yegr5' ¢xpEnditute iti unit Th5ts (the desigttated ERF aDd Development ieservesl. In 2008. the Charity Conunission authoriseo the Trust tD use the endownellt fulld foT Lujrestrirfed exp¢nditUTe. The TnTstees have used tbis lettdownentl fund to improv¢ the facilities iti the Nonh Wing Df thB propery. Plan5 for the fyture With the completion ofthe ProJ¢¢l to Tefijrbish th¢ north ryllg tlats, au the Trutt's accoJ2unDdatiOJJ kn been upgraded. The Ttust has begL tBpla¢itig the eting g8S POS%tttd boil¢rs by aiT source he3tpwnps. in % phed mann¢T. to eventually move to a ¢bOn fr¢¢ heing system. It is planned to cornplete this work by the end of 2026. Other works beingplanned for Ibe near futUFe include the replacement of the footpath pa g siones ryth $afet, continuous pth surfaces, 8Ld the upgrading ofthe Tesidents aiarni SYemS to eliminat¢ the need for indi flattelephones. Approved by the Truste¢5 0 d signed on theirb¢balf by.. trP CnnoD Chan8 ofthe Tntstees 14laLtrlis
THE MRS. HENRtEnA FIL4NCES LE PERSOI¥NE BENEVOLENT TRUST STATEhlLNT OF BOARD'S RESPONSIBILITIES FOR THE YE4R ENDED 31 DECEMBER 2024 Board's Respoll5ibilitiesStsteTht The Board is rwon5iblE for prepBringtheieportand fi¢1a1 5trttDMts in accoidancewith applioblelawAnd iegulatioIJS. ThÈ Co-operative ¥nd Community Board SoCiles A2014 2nd regist sotial housing le51ation require the Board to prepare financial statements for ¢a¢h fitsancial year which giveatrueJDd fa view of th¢ stste of affaws of th¢ trust and ofits In¢omtand &ypndityre ftsr that peri. lrt weparingth¢sE financtal thiemB*ts. the Boaid i5routted to.. seleLt Èuitable accJ)unting wlicies alld then applythem con5tsttntty' m)ke judEement5 and estsmaiesthat aTe rusonableand wudÈnL 5tatewhether appll¢ableaceouniingthntrts have beBn followed. sUbJet0 w Material departyr&g dise105ed and the fin3n¢ial prepaTe therinancl gtatemems on thegoingconccrn basis unlcss ir 15 inappropriateto prcsurnE thatthetrLwwII cortthue in busin%. The Bo)rd is rwon5ible for keeping properAccountingTe¢ords which disclD5¢ 7th retsonable ac¢urw at any timeth¢ financial position ofthÈ trust and enable itto ensurethaTth¢ fJrtBncial atetr comply with Co-operative and Comunlty. Benefrt So¢ieties Act2014.th¢ Housingand RegBn¢tatsOts Act 2008 and theAccountsn#Dirtttion forprivate rtgisteied providers of s(la1 hovsing ITh Enand 2015. It geThBral re5WD$ibility fortaking reasonable sty to safEguardthe gets of thets¢ tr>prevenl and deteet frd and trtIr llreguJariiic5.
THE MRS. HENRIETTA F114NCES LE PERSONNE BENEVOLENT TRUST INDEPENDENT AUDITORS REPORT FOK'IHE YEAR ENDED 31 DECEMBER Z024 Opinio We auditÈJ the financial statBnthts of The Mrs. Hetiri¢tta Frdnce5 Le Pets¢me Btnevolent TrE¥St Iiht 'regist¢T¢d social housirtg PTov¢der'l for the ytrdr ended 31 DeCebE 2024. which Comptist th¢ Stat¢ellt of ComprehEnsive Illcojlle 1Cludin8 Irtcome and Expenditure accounll. the Balance Sh¢eL the Statement of Changes ID tc5¢. the Casb Flow Stai¢mefji aDd llLrtes to the FJwi¢i&l slatemthts. inclllding a summary of ST1fiCant artounting poli¢i%. The finantial reporting frarnework that b¢en applied in their prepar&ljoD is applicabl¢ law and Ullited KinBdDm A¢touniing SiaTJdards. illGluding Fin2LciAI Reporting StsDdaTd 102 The Financial Reporting Standard appli¢abl¢ in th¢ UK and Repjblic of Ireland Iullifrd KinÈdotll Generally A¢¢cpT¢d AcCoUntingPra1Cel. b) our OPiDiOll the fJnan¢ial statejllents.. give a tru¢ aJd fair view of tbe state of the regilleftd so¢ial provsder's affgTf$ 35 at 31 Detemlxr 2024 and of its incom¢ an xpenditure ftsr the year th¢n ¢rsded: have been prop¢rly prepared in ac¢ordanceMTrth United kingdom GenerallyA¢cepied Ac¢ountingPraEtic¢: and h•ve been prepatcd in ac¢0rdanc?Nth the r¢qyiT¢mellts oftbe C4)-operative and Communily Societies A¢1 2014. lh¢ Hou5illS RegeDeration Aa 2008 the A¢countsn8 Dirtttion forprivateregisteted prob1d¢ ofsoGial hou5ins ill bogld 2022. Ba515 for opiLion Wt ¢ottdw¢d our oudil in ace4)rd8nce with Illlclltion91 Standards on Audiiing IISAS IUKII )nd applicable law. Our rcsponsibllitLes w)der thosc Stand05 Are fijrther deScrid in the AuditOT'S re$ponsibsliDes fo[ thr audii ofthe fjnallcid statement8 8ectiorL of oui rq)ort. W¢ ar¢ independent of tht 45s0ClOn in aGcDTdaTh¢e the eihi¢al requirements that art r¢levant to ollr audit of the fill¢]81 statements in the UL inCludg the FRC'S F.thical StandaT4 and w¢ bave fvlfilled our (Ah ¢thica] responsibilities in aecordance with th¢5c rt4uirements. W¢ bclscve tha1 the audit evidethc¢ wrbav¢ obtainBd is $yfficierLt aad appropri&ic to provide ab&sis for ow tsPiLiOn. Colltlllslons r¢iAtin¥ to going Concern In audstirtB the fllJan¢ial siateDJents. we have ¢OAcluckd that the trusk¢8' of the goiD8 concern basis of a¢countillg in the preparation of the finallrsal statements is appTOPTialC. Based on the work we have rf0rnl¢d. we have not iderltified any mai¢ril un¢trtainties relatatig to evenis or Gondittolls tbat, dividually or ¢oliectively, may cast sigDificaDt tbubt on the trusvs ability fo continue as a SO con¢ern for B periDd tsf at lewr twdv¢ froTh wlken the financial Statnents 3T¢ authoTised issue. tesponsibiiities and thtrtspoosibflities of tbetrusw wuthrespEct to goAnÈ concern are described in the i¢l¢V4t SBCtioDs ofthis rtport OtILpr iuformtlon The board is r¢syoDsible for the other infi>nKMtion. The oth¢r inforDMtIOll ¢Dmpriges the lljfomiation in¢lud¢d in tbe annual report, oiber th the f¢al #at¢neDts aJJd our auditor's report thueoD. Out opiniorL on the Sttancial SLqi¢m¢llts noi cover the other forMatiOn and we do not exprBSS ¥thy forn of ITanCe ¢onclvsion thcreoll. In ¢onn¢aign WiEb oui audit Df the fuJan¢ial sw¢meDt& our responsibillry is kn read the othcT infonnatitsn in doing Èo, ¢onsid¢r whether the other information 1$ materially inconsistr1 Ivith the finimcid sta*ments or our knowledg¢ obtsmed in the audit or oth¢rwis¢ appeS to IK matrrxauy mis5taied. If WE id¢ntify suGh m?tenal incoDsisten¢ics or apparent 3t¢[l misstatements. we are quir¢d lo d¢t¢rmine wbethei theity 59 a material rnisstai¢m¢m ID the fillaDcibl state0lS or a misstatement of thtr other itifomiatioll. If. based on IhB rhave perfoT]ntd. we concludB that is a m&lerial MI1a[¢¢nt of thLS olheT lfonat1On. we are requiredto reporrthat fact. W¢ hav? 0th1D$tO report in tbis regard. io
THE MRS. HENRIEA FRANCES LE PERSONNE BENEVOLENT TRUST INDEPENDENT AUDITORS REPORT FOR THE Y&4R ENDED 31 DECEMBER 2024 M&ttErs 00 wbich WE r¢gllired to report by exceptiolh We have nothing to TCPOrt tn respect of th¢ following ]natters where the C¢H>perative and Commvftty Benefit Soci¢tyes Act 2014 requiT¢5 US to report to you if. in OUT opinion.. the fE8iSteted social housitig provider ttot kept propeT of accoullt, attd not maintailled a 53tisfsctory system of con over it5 transaciions, in ac¢ord8nce wth the rtquireme]Jts ofthe l¢gislation: or the iewitse accouDt. any other a¢GOUnts io Th]ch our report rBlate> a))d the balattce sh¢et are ]Jot in agre¢merLI witb th association's EKoks of aG¢ount.' or we hav¢ not obtalljed all th¢ iDfonnation aod &xplanatiOllS neC53ry foFth¢ pwpo8es of our audit. Re5POn5ibilities of the botyrd As explained Tnore full! in the board's Tesponbilities statement s¢t out i)n pagt 8. the board is respo]ble for the wep8ration of th¢ fin¢1#1 Statements and for being satisfied that they siv¢ 2 true and fair vi¢w. aDd foT such interna] Gontrol xs the board d¢tern)ine is Decessary to ¢Lable the preparation of fi]Jall¢iaJ statements tbai ar¢ free from Jllaieri21 MStatemenl wh¢ther due tD fraud or ern)r. In prtparin8 the finaDcial statements. Iht both is Fesponsible for asses$ing lh¢ registered 80¢iJ housing prolder'S ability to Continue as & going concern, disc105ing, applicable. matters r¢laed to going ¢one*rn and using the going conc¢yn blS of accounting unless the board either itttend5 to liquidate the a%sociaijoA orto Gease operations. 01 have J)0 rei5tIC altemative butto do so. Allditor'5 respottsibilitie5 for Ibt Adit of tht fillaDtig15tate]llEDt$ OUT Objectiv Rre to Dbiain reasonable assurance about Nth¢ther the financial statements a5 a whole are free from mAtersal rnisSwenl wbether due to fralld or 0[, and to issue an auditor's report that includes OUF opinion. Reasonable assurance is a higb level of assuraDce bui is Dot a guatattite that an audit Conducted in a¢cordBDce with Iskn ILWI will always detect a Materi Jwsstatem¢nt wben it exists. Misstawments can arise from fraud or error and art ¢on5idered materia] if. llJdiIdua1lY or in the awtgai¢. they could reasonably be exFcted to influence the economic deG15iOnS of Users t3ken on th¢ basis of th¢ finjncial statements. The ext¢ht to which th¢ adE1 is coll$id¢ttd egpable Df dttecting irreguliritits. includiTJg fraud Irregularities. indudmB fraud. ar¢ inst2ntts of non-compliance with laws and regulations. The objeGtive$ of our audit 3Te to obtain sufficient appropriate alldrt eviden¢e regardiDs ¢omp112nce with laws 8nd regulatlODS that hRve a direct ¢ffe¢t on the detBtIllination of niatetiaj 8mourLts disclosures in the fine12] stalemtnis. to perfortn audtl PTOGedures to help identify Inst¥¢ of non-c4>mplian¢¢ otheT laws regulatlODS that may have a maien2] effect on the financial siat¢meDts. and to respond appropti&t¢ly to identified or suspected rLOn- compliance witb laws and regulatioLS id¢Dtified during the audiE. Ill relarion to fraud. th¢ objectives of ow audit aTe 10 iclentifv alld assess Ihe risk of terial misstalerneDt of the fuJ2ncial st31tents due to fraud, 10 obtsm sufficient appropriate audit eviderlce regarding the assessed Ti$ of rnalerial miss121ements due to fraud through de5iglling and implem¢nting aPPTOPriat¢ r¢5ponses and to respond appropriately to fraud or suspected fraud id¢niified during the audit. However it is the primary r¢spotssibi]ity of maDaBemerLL witb the ovcrsigbt of those ¢h2fBed governattc¢, to ¢nSUTe thai the entity'5 opeT#tion$ are colldudvd itt acc4>rdallce withthe provisions of IBWS aDd regulatiotss ad for the PTevetttion ond detEdiop of fraud. IL id¢ntifyiDg aDd assessirlg the ris of material mi95tatement iespt¢t of eilantIeS. ine]udiDg fra17 the audit enga8¢m¢tsi made enquiries of manasemtnl 8nd those ¢har8ed gDVtrn8nGe. re8aTding the procedures r¢lating to Identifyn& evaluating and complying l.laws regulations and whetheT they were aware ofany Instanc ofnon-rA)rnplianc¢'. 2.detecting and responding to the risks of fralld 2nd wheth¢r they have knowledge of any actual. suspected or alleged fr4ud.. 3.the lljlernal Controls established 10 DiitiBatB iiskn related to fraud or non-GOtDpliats¢e laws alld regu13tions' li
THE MRS. HKNRIETTA FILINCES LE PERSONNE BENEVoLEr TRUST INDEPENDENT AUDITORS RIPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Ag a Tesult ofthese PTocedures we consider the ]nost sisllifi¢atsi laws and regulatioD8 that have a dir¢¢t impact on the fillanGial st)t¢mtThts are FRS 102, Co.Dperntives and Communiry B¢Th¢fit Societies Acl 2014, Hoiising aDd Regeneration Ath 2CK)8. IJK and eJJ]ployJlleDI regul#tiort We perfoTmed adit pror£dureg to dekct non-compliance. which may have a material impact on thc statthnents. These included r¢viC£ fu]an¢ial ststement diSclosuS and rvaluating advice received from txternal 8dvis. ThBle Ivete Iits signtrc3 laws and tegu]8lions we deemed as having an indirect impact the finCial staternents. Th¢ Judit engbgerllent team id¢tttified th¢ n8k gf ]naagettl override of controls ag tbt 9tta wh¢r¢ the finaDCtal statements ware mogt SUSGeptible to m8i¢ri31 misstaterneni dut kn frauiL Alldit prottdwes Jwfottlled included but not lllniied to testmg maual jDumal ¢ntn¢s alld other adjugtments atLd evaluatins th¢ bu$io¢ss rationale in relation ts my sigDifjcallL UBUSu trallsa¢tions Fa traDsactioJs tnt¢red Into outside of the norn)al ¢ourse ofbusine55. Income reCOgltI0 was ]$0 identified a sigtiificant risL whith could lead to a LXat¢rial mis-staternent due to fraud or error. Audit proctdures p¢rfornied included biit were nDt lllnited to P¢TftPTffling walk thTough iesis to identify the control pT0Gedi£s pla¢¢ ancl once an understanding of Ihc inco]YJ¢ process was gained 2n an3]ytiGal test wa5 ¢)1Cd out comparing the estimaicd in¢om¢ l¢ve]s to what was rettived sn the year. Cut off t¢sting was a]so perfornied 10 ¢D$re was Tecordtyd in tht correct period. A further destriptlOL of our Ta8ponsibililies for the HudTr of tbe financial statements 15 IDCAted on the Finathcial R¢porring Council's website at.. www.fr¢,or&uWauditotsresponsibilities. Thi5 description forn5 part of our auditor's report This report is mad¢ solely lo the board of trSlee& as a body, in acEord¥n¢¢ with sectton 87 of the Ctropuativ¢ and CornDwnity BBnefit Societies AGI 2014. Our audit work has be und¢rr2ken so that we might state to the board of trETsiee$' Ihos¢ njatters we are iequired to srate to in aD avditor's report and for othri purws¢. To the fvllest ÈxttKt perniitted by l&w, w¢ do accept or assume re0D5]bilitY to yOnE oth the registEd social housiDg provider 2nd tbe board of trust¢¢s as a by. for oui audit woik for thig r¢pon or for thc opinions we have fonDed. Drr¢Yt HardingAC& FCC& DC& Senior StAtutory AditOr Richard Pla¢¢ Dobson Servi¢e5 Lijniled Statutory AuditDTS Ch¥rt£rÈd A¢countants 1.7 Ststitsn Ro&0 Crawley West Siiss¢x RHID IHT 12
THE MRS. HENRJEfTA FK4NCES LE PERSONNE BENEVOLENT TRUST STATEMENT OF COMPR£HENSIVE INCOME (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECELVIBER 2024 2024 2023 Note Turnover Housing inco]nE 474.703 426,700 Operating expenditure {340.432) 1272,5441 134.271 154.156 Operating surplu$ Ineomt from fix¢d asset investments 145 136 Gtant income InteTest receivable 897 Interest P2Ydble and 5i]nilar charges (71.258) (67.4551 Gain&llLossesl on investments 472 319 Total c(kmprehen5ive incom¢ for tht year 64527 87,156 On behalf of the Board.. on. Chaiman E. Web 141aLtr lis Th¢ notes on page5 16 to 23 forn) part of these accounts 13
THÉ MRS. HENRIEThA FRANCES LE PERSONNE BENEVOLENT TRusr BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 NotB ed Asstts Ta&ble58ets 3,S64,674 3.554.107 InvestntS 8228 7.756 3,m,901 3561.863 Currttst•wets Debtor5 36,099 147,044 28,135 11&738 Coshatbankand iTrhd 173,143 l46.873 Crtdit¢r5 due witkin 1127245) 1133.4241 Netcyrrent b55Ets 13,449 Total 855¢ts Itss curre1ltliab5ut 3,618,799 19O5.7591 3.575,31? 1926.8001 CrtditOTS.' ara0ts fAUiDgdue afteT nLore th8n oneyE*r io Totst D¢tg5sets 2,713.040 2.648,51? ResErvtS: eorne4nd eXndItutEltrVc 1530,379 4J74 933 1,467.OB3 3.902 RtvaluAtioDRsEive Re%tiictedresEfve 1.177J54 1.177.354 Totgl Ae5ervEg 2.713,041 2.648,512 lÉt..(.o¥.l..Is Ihe finantial stdtewrtnts bppnved Èfftd iuth)ri5ed fDriSSue bytheBo3rd Dn.... Siwd behJifDftht twd.. E. Web C Steer ThBnDtsSOn pages 16 1023 fonrtp3rtofih¢5eaccDunts. 14
THE MRS. HENRIETTA FRANCES LE PERSONNE BENEVOLENT TRUST STATEhlENf OF CIL4NGES IN RESKRVFS FOR THE YEAR ENDLD 31 DECEMBER 2024 InCorne ¢yendiwre reSeE R¢vllatio Teserv¢ Restricted reserve D¢gnal¢d IeseFve Total AiQl.01.23 iJYO,03J 94.524 389 I,ITI¥4 Sutplu51ldÈficitl foFtheyeJr RevAIation of fixed asset investrnents 86037 319 319 Totsl comprebewiV¢ ine•me 94,524 319 17.4711 87,156 TrAnsferg 7.471 1.177JS4 Ai31.12.23 and Dl.fr1.24 E,467.084 3,902 17J 2,6W13 Swplwl Ideficiti fortheyehr 88,127 759 R¢vAlti of fixed asset Tnv£smifflts 472 412 T•talcompTehellsivt itycome 88.127 472 7S9 P4,8311 027 TEansfets 44.831 A131.1124 1,5MJ8D £J74 932 I.ITJ54 1,713.IMO Th¢Dotrs OAFWS 17 to2) fomiprtof these oc£Gunts 15
THE MRS. HENRIA FRANCES LE PERSONNE BENEVOLENT TRVST STATZMENT OF CASH FLOWS FOR THE I'EAR ENDED 31 DECEMBKk2D24 2024 2023 Note Casb now from opertlng #thvities 165263 184.135 Inrest (71,258) Netush fro]lll{ud iu) operAtitsgA(tivityes 94105 Casb flows fTDfil ittve5titg¢tivlti Pavments to acqui[etrnb1¢ fL¥ed2SSets from disposingofinvtststtents Dividenth & interest re£eived 1432911 J.042 et rAsb frymllusEd illl illvestill¥xliVtties (42,2491 184.4241 Awvisirionofnewloa Repa)ill¢nt oflongtermloJDs 123.451} 141,3831 NEtcasb rrDJlll(Us iti fJtsAn¢thg aCrriVjtieS 123,451) Ndi&¢ry9sel(detrpJsel tyuiYA]tniJ 28J05 19.127) C&%h ahd e4sh equivAlentsat Dl.01.2024 11&738 127.865 C95h gnd fash eqLy1ets at31.122D24 147.043 Thtnotes OAP1 17ts23 fonnw ofthese ocu)unts 16
THE MRS. HEliRiErfA FK4NCES LE PERSONNE BENEVOLENfTRVST NOTES TO THE FINANCIALsfATEMEKrs FOR THE YEAR ENDED 31 DEeEMMER 2024 SummaryofsigDifirallt attOurttiDg pollcits GeDeral trti0]I Ajbd hsi5 of prepgrntio The registered provideT i5 set up uttder a wryll and S(hew rules and 1$ tetered Mth the Charities Commission a5 an unlOTprttÈd chÈrity and ryth the RSH a5 a REP5tsred gocial IAndlord. The nhture tyf the tntity'5 operdtions and Pri1paI acttsrytie5 Ye to provide sheltettd housing for t btntfil of elderly needy W1rn in North TAndridÉ< Surrey. Th¢priwiple tradingaddtess is set Out on pa_ The entity Constitutes a public benefiteDtity as defined by FRS 102. The financial ststements have been prepJTgJ in accoTdancÈ appltcable accounting srandatd5 including Fits111 Repottin$ Standard 102 The FinAnciAI ReponinE Standard Applieablt I the UK and Republic of Ir¢Id (FRS 1021. the Staterneni ofRecomrnended PractiBB forsocial Htrusing Provide 2014. and wilh theAccouThiing Direwon for pnvatÈ iegistgre& providets of 5wial housing in 2015. Tht fithdrtcial staiements are 8150 prepared under the r¢quirem2nts of the Htrusing and Regenernrion Acr 2008. The accounts have also been prepared ynder th2 StstÈmÈnt ol RecoTnmended Pracnce for Charitte5 ?015. The ffTW¢I 5tatemtts have beeTh prepared on a gDtnB toncern b15 under the histollcal cost onvBnhgll. dIfIed to ilude fixed asxt inYeStsnÈrtts * fAir Val The fanla1 Slaternents arE PtepAred fft 3terlin& Wch is the fundioDz] cTrcy ofthe entity and rDundpd to the neaTestL The Significant accounting polici¢5 applipd In the prepaTation L¥fthe5e financklll StateMts 21t SEt out below. Thcse policies have been wn515tently Appli io 1 yPaT5 PTesented urtless othernryse trd. 12 Tallgibk fixed assc15 Tanb]e fixed tsstts (including social housing propetbesl Ayt ststed ar cost less ac¢umulated depreBiatsDn and aCeumulAted irnpairnJeni Icw¢5. Cost includes co5 direcdv attribthable to makin£ the asset ¢apabl¢ ol optrdling as itttended such the cost of acquiring land artd buildings. deVelOpents costs. Intttest ch8rges on loAns duringthe dBvÈlopmertt period and eendIture on irnprDYernents Exptnditute on impn)vement5 711 othly be capit&li5ed whell it Te5ults in incremental futwe benefits such p5 InrtEasing refttsi incomt. red1Th& rnaintenance costs or tesuibng In A 5ignificznl extension ofthe useful XDnornic life offhE PTOPÈrty Depreciatton L8 ptywded on all tsngible fixed a55W. at Trtes CÈleUted to off ihc COSL le55 ¢sumthd residuÈI YA]u< of each asset on systrmatic basi5 overits expethd tfi]I lrfeLs follo.. ]And Nodepwiationchatged Housill8 properri¢5. fab 1.33tyh straighi lin¢ HtyUSis prnperties. roof 2% strAight line HTru5lllE propcrhes. ryr05 3.33% strtight lint Lift515QP&e 4% straiEhtline Boile[5 5'A 5tsai8hr 5ID¢ Fi¥tures and rrt¢ings ID% straight line A5 the vlaue Dfthe properties arehigherthatthB fD5t IEyJtstimated ttsidudl value. nodepreKiarion is ¢UTrendy bping thargedABainst tht housing properties. Majore(miponen15 ofhousin8 propeTtie5. such as Iitts. solar panels and boileT5. hove beED Counted foTÈ])d depyeci2ted 5epardtely from the conne¢tyJ housing properry. OVETtheirLxpe¢ted useful econornic lives. Thpu5eful eeottomic lives of811 Ible fixed assets arpTwewed annualIv.l fitTe Ènd equipment Clg£1.000 ormote is ¢PitsliRtd. IJ Irnp3inETrt AII PTopetheg att considcTed for iMpT¢t annually and dled resryews of assets foT iTllpwTment aTE cÈrried Out if there 13 an indicaiion ih nLeM ho5 OCCUtred or ifthey 2fe not being depreciEd. Jmpaitmpnts tknt atE a result of a rts&jor reduction in the service potPPDal Df a properry ate recolsed In the irtcome Bnd expendinwe account. Impaimnts that refltct general chaD8es In price are. whetB rhB prOty 15 shos at avalu3rion. recOlSed itt theststemeni Oft0t WrnPTBhenivè inctsme. IA lttvestmcnts knvestments are reColSj initsAlly At fatr Yatut which IS Dormally th2 tnsactiOn pyice iKcludin8 Isa¢0 costs. Subwupntly. they art mwured Ji hiTv&lupthroiiEh the staterneni of cornpreh¢n5ivp oI[le iftbe sbdTts e publicly trdded ortheirT volll¢ othÈtwi$e be mea%wed liably. Other Investments are measured * rtyst Itss wainnellt. 1.5 Debtsrs Erodit•tg teceiv*blel payjble witbiD one yur Debfft and cttdittrrs wilh no stuied interestTatezndTeCeiYAble orpayable within QDeyearare TeEDrd2d at trangaction priCL Any1055es from mprment are recopjised InthE 5tatrii)Èrtt ofcomprthensisr inwme inoth¢iathiniitrntivt L%ptnses. 1.6 LOA$ and boTTOWiDg5 Loan5 and borrolg5 are inibally reco8nised atthe trantiOn pnc¢ includingtJ>nsactiDtt costs. 17
THB MRS. HENRIETTA FBANCES LE PERSOIYNE BEN£VOLENfTRVST NOTES TO THE FINANCIAL STATEMENTS FOR THE YLIR KNDED 31 DTCEMTrXR2024 1.7 Provisto Provisions ure lec0led whtn Lk Petsonrte has ats obligation atthÈ bajae thept dare as a result ora past even¢ it is probable that aD wfflowof onorniE benefits Mll requiTeJ in settlem$ and theamount can be kliably tltirnated. Provisions for works io eyistin8 srock art not JJdde unless thty reprESetst conllnitnpnts or obligarion5 ai 1b¢ Balance Shtei ddtr where there is no diS¢retiontO avoid ordelay th¢ ¢xpendinJr .B JxA5e5 Remals paythle and recÈivAblt tT0penngleaSeS rh3rKpd to the thtenKM of comprehenmvt incomt Dn a gtraight line bi5 over the peri ofihe lease. As a TÈ¢1 rharity rhp entity 15 eATmw from corporation tax on all surpluses it make& The aCtitie1 of the enttty aTe exempt from VAT. Thereforeexpendttureand income art Ero4. 1.10 Tllrn¢)vra] other1COm¢ Tu[Ver Is me4sured at the fair Ydlue of the corLsidEJllrion received or rtteivÈbl& The policieg adopt¢d for the recosnitiDn of turnover are follo5.. Tumoverrepresents mntÈnance¢0nknbtions?Trd 52rvirc¢hwB? incDrne receivable in thtyeaT. Soci Housing Grants &Te recei0 respe of the Tegifftred SLKi&I hDUSill8 pyovider's pro¥ty and are recognised * the fair vve of the asset receiv¢d or rectiwdblt. These gtants Ere accDunted for using the ac¢ru31s model. The difference between the fair Yalue of the Set and the con51deralioTh Is recognised a5 a liability and &mottised overthe ful Èconomic life ofthEa5set. Th15 arnQrtisation is reco8ni%tiJ within iumtrver WhBredi5wsal ofgovernrnenrdonated assets arereqwred ttsbe te¢>¢ied. a liability is included to recoBDis¢ this obligaiiorL Governmen¢ sran15 received as a conrribuiion to reVtThe expenditute Ère rÈttsElll5ed Tll thE stalETwni of comprehensiv¢ income on A Syltsrnati ba525 over the period in which rhe landlord reKognises the rel&trd costs for which the 15 IntpndEd to compEnsatB. The related &¥peThdiiure is included under administrative expenses. Grnits art recognised Tn the 5WnB PBnod a5 the relatrd expenditure prnmded Ihe conditions foT elpt havEbeEn sattsfied and ther 15 reOnable assurdncefh ihe 11 be rectived 1.12 Emp]oytt b¢nttits When employees have rend serbice to ]k Personne. shoft-frrm employee bÈnEfits to which the ynployee5 are entitled are recwised at the undisctsuntsé aMoUnt&e¢t2d to be pd In ¢haSe forthat s¢Thry¢e. 1JÈentity typ¥htr5 adefined ¢ontribvtioD plan foTlhe bentfft of its employee5. Contributions eKpEnsed bxome pAyAble. 1.13 Rf8trKtdlElldowmtnt Rutry ResthctÈdlEndow7nÈnt rÈWvÈi are thts TBServes which arp only &wdable in accordance th the Mry$h¢s of the fijnder or regulatory body Resm¢ted re8erves include fLwsral5£d respon5eto aspeeific appeaL ElldthvmBnt Th3FeprCntth0s¢ et5 which must beheld pen1tlY 1.14 AccMlIted fu#ds Designattd reserveg aTÈ PÈrt Df untestncted resEtves whiEhhav¢ beBn e¥rmarkj by the Board foraparr1cÈrPufp0$e. itttluding TeqUIred ro be held underthe rnwdeed. Such d¢S2¢10ns may be reversed by future Board deci011% The Cyclical MAitttenartce Futsd {CMFI reprt8ÈntS aintsunts SEtasidetO Tneptexpenditure ofacyGlirnl nature. Thelevtl r>f reser4QS maintAinpd 11 reflpctthB level of annual exTrenditureto rneeta seveD yeardecoratinE cycle. tenvearsoft furnishings rtplacernent Gy¢le. plus an amount meet anti¢ipAtÈd ¢05tof5l1ficat repBitsTothe fabric ofthe buildiny. Overall. rills would equateio onemonthof inctsmE. Co5ts3TB a[gj tothe state1 ofcomptehBn5ive income intheyearin wknch they are IncLLtsÈd.
THE MRS. HENRIRThA FRANCES LE PERSONNE BKNEVOLENTTRuvr NOTES TO THE FINANCLIL STATEMEM5 FOR THE YEAR ENDED 31 DECEMBER2024 1.15 G4)iDg cotsctrn The board have prepu¢d the aceounts On & going concern kni5 aDd to]Js&dtrthe RSHP to be a going co¢[n foTthe T0Sbie future. Budgpts bave beBn prepartd for a of ai least S yea 1.16 KeyJudg¢JneDtsaj critilAce&Tr¢ID8 15titTrlltes The main iudgÈTtLtni And Accountins esttm8t¢ includtd tn the cOUnts is the e5bnut2d residu ofihe freehold buTldin& Wo depttttiatioft is cbarged on frtthold prOty Trn the basis thAi tbe lm¢d rpsidual value is in excess ofcoll. The Man¢Tentb9th get athird party Vllluarion of the property every 5 yea[& Nurnbtrof NNmbeT of UDits a131.11.Z3 31.12.24 Completed units.. Hou5iRg foroidEfpEople Hou5lllE used by ststr 45 43 gurylus on Trrdijkpry adivitÈ$ Surplu5 ¢rdin8ry activities is sated after¢h?wngllereditingl 2024 2023 Auditofs rtmunerdiion linclvding &XPÈnses atsd bentfJt5 in kindl foraudit 5¢r4rytÈs Auditofs remuner6DoH lincludins ÈxpÈnSts and benefit5 kindl fornynudit ser44ees Dtpreciation oftethgiblB fixedassEIs IGainslQosses on far value nwvempnt ofinvegttLents 7.500 7.000 32,704 472 28.755 BL¥prd key Ma]¥teI per5LbThnel retnunerAtioD ThetDtal rEmunEratiOA for key manasemEnt PEts0DlAlIIOullted to £86.744 (2023- £72.7481 Ew]oyees Nvmber ofemployees The av¢rage monthL¥ numbertsfthp1DYtts duringihi5 yearw35". 2024 Number ?0?3 Nurnber AverdgE nujnberofstaff involved in to dAy nuJnin8 ofbome.. Employees officers ploymtnt costs 2024 ?023 WaBÈs and 8ularies 93264 78,368 Social stcurity PerLsiofLcvnrribution5 32OS 1.994 8.116 8.345 10{$85 88.707 Thetewtrtno employeeswh05 2molumentsttt£60.000 ormoTB. 19
THE MR& HENRirrrA FIL4NCES LE PERSONNE BENEVOLENTTRUST NOTES TO THE NNANeL4LsfATEMINTS OR THE YEAR ENDED 31 DECEMBER 2ff14 Tallgibk fixed Hou51n Propemits for l¢thng PL7ni and machintry Ftxtfft5 and fittines Total Coarorvalll31ioJk'. AtOI.01.24 3.3?5.553 4,048347 39J91 Additions 39.691 Ai31.I24 3J2SS53 395,183 367202 4,()57.938 DepretLtiots: Atol 01.24 276,563 12.367 217.597 20.337 494160 32,704 chafurthe year At31.124 28&93( 237,934 S26,864 Nei brklI¢.. At31.12.24 3J2S,555 106,2 129.268 3.%61,074 3.554.087 At31.1?.23 3.3ti5.553 Th2 net bDokvpJue ofJArnd bullthngs compris.. 2024 2023 a andbuildin8S'. Freehold 4.048247 3.963.687 [j)nglechold Short leOId 4048247 3.963.687 Socigl housingpropertleswth an book valueof £4.048247120?3.. £3.963.6871 have been pledged a5 secullty forli)bilikne5. These &8seES ve sttiG7ed tide. ¢d iTLVtmeThr Tolal CostofvaluAIIo Al 51am date 2024 7.756 7,756 Revaluion AterO dat¢ 2024 472 472 8J28 S.228 At end daie?OJ? At end datE ?0?3 8228 7.756 8.228 7.756 k5stori¢l jJbvesthll' . At31 Dember2024 AI 31 DEcembtt2023 3J55 3.g55 zo
THE MRS. HENIUETTA FJL4NCES LE PERSONNE BENEVOLENTTRUST NOTBS TO THE FINANCIAL STATEMENTS FORIHE YL4R EM)ED31 tsECEMBER2024 Debto 21JZ4 2023 Tr4OBdebtors IS559 9,540 1.000 14.687 13.448 Prep&yrnents and accnd tncome Other dtbttrrs 26.099 28.135 CrJitorJ: falliDg duewithittolleyexr 20Z4 2023 Bank loEnsand ovethfts 106,055 21,190 108,466 24.958 Arcrud5 127.245 133.494 Bank" loan5 ond overdraftststlin8£l.o1I.3ls 12023-£961.280larB 5eKured by B I ¢hèr8e held overtt land Jnd buildin8s by the C operdiive BAnk' PLC. The HCA (now RSHI authvrised The Mrs Henrietta Fronces Le PetSOIittE BenevvlenT Trty apply for A loart IngthE property ¥S 5eGurity. Upon approval frDrnthe HCA the appIied for£ttd wa5 Wted the folloHryn8 loan5 fromtht Cwetative bank..- £630.000 in ti008 with an irttettst tate of 1.125% Ov base to be repaid l5 vears fmrnthp lljitsal drawn downon?8 NovÈmber20Q8. Mrythihe POS$ibility ofzn¢trnsion in the repaymeni tern fora [r 15 year5 if tpqyired. E400.000 in?010 with QD treStrtOf2.12S%Or base to be repoid fjftetnyears from the initi draw doHU datsoD 5 MaYch2010. sviththe Possibibty ofÈn eenon in thp repa)Trmi fora further 15 yÈats ifwuired. 50.ow splitbetWE¢n £150.000 rrfeived in ?019 and £200.000 reteivvd in 202Q interest rate Of 3 75Q/oovei to bprepaid 15 year5 fromihe iNtial drdmmdown trtt 18 OetDbEr2019. withthe possibitity of8n extensiortill the rpp)yrnenrfern fora further 15 yeatg If required. £700.000 loan in ?OJ? with 2n inteTrst tP of 3% Dver base rate to be repwd Over 15 ypary The ila& drnwdowtt Ort25 SEPtemb¢r2024. Tllls laan extenTr ¢ombinesthe OIiBinal wett and north wing drawn down in 2008 7019 The A1rn5hou5e AS¢laTIOn also provided an intetest re loanof£7Q.000 in?019 which is to be tepÈid QVBT IDyear5. Althougbtht IS inter¢5t free there wa5 artadmiDL%tratton ¢hbrge ofU.500. wtr¢h wlll bewnttÈnoff llverthe term ofth21 Duringthe 2020 rinancialytheTrUSt obtained h bounceback loan of £50.OOOtD SUPPQrt theentity durin8 theCovi&19 tyutbrtak. The loan has an Tntere51 rale of2.5% rYear?d isto be rep£id &ftÈr72 mDnth5 fromihe initial 6rdwdown on the 27 November2020. 10 Cr1105.. amr*uilts faltingdue aftrr nwre ontyear 2024 2023 Bank Ith7ns and overdrafts ru$ 90&759 W16.800 gOS759 926.800 k loans clUde aggregate Jmounts of£769.894 12023-£614.109lwhich f7 dvE after five ye&rs and which arppayable oiherwise by in5talments. The payment tern Attd rnteof¢prh for which an Emrmrtt f18 due 2fter fiveyew5are given in note9. 21
THK MRS. HENRIETTA FIL4NCBS LE PER50NNE BENEVOLENfTRVST NOTESTO THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 DECEMBER 21124 Rtseryes al ID¢ome expenditure TÈMÈ ThE expenditure reserye represeDtscumulative 5urplu5 and deficts nptofother adJustrBt> movetin fund8 BalathceAt 01.0124 Resources expended Trgn5frrs tn¢oTneand Èxp2nditure reserve 1.467.083 474.686 (24.8311 153D379 1,467,083 47&&96 {38&559} 124,È31) tS3DJ79 bl ResthctEd RservE The income funds ofthe cbarity include re5rricied fund5 ¢umproMIn&thB follonBUntxPended blAceS ofdonations and yants btjd Dn tNsi for specific puTroses. Movement in funds Incorning resources 01.01 ?4 ¥peJ¢d 31.12.24 L¢ Ptrsonn¢ Memonal Fund l73 173 7M 174 1,059 (300) 933 The Mèmtsrial Furtd w2S esiabbshcd by donatior frornloral organi5ations and individuo15tD Clean themp]wIial stllD2S Df tbe FoundEts grnvestDnti in the local cemetrry. The SOCI kntiViti Fund reprEseDts donabuns feeeivtd thataTÈto fund soei81 activities foribe Rsidents. cl DCated funds and Invement Revaluativn r¢5¢T The iDcome fiJThd Dfthe chty in¢lvdpthe followin#de$iBllL*d whichhave beejl set Lde out ofutiTestrttd by tbe trustees for 5petifit pUty0.. Movemeni in fund5 Resources Trthgfetsl eAinS & eXpdj losses Balance at Ineomi BalaDce at 31.12.24 resources CyclicRI Maintrnan¢e fvDd 30.000 124.8311 24.831 30.•00 Extraordinary Repllirfund ERF RalUatiOn fund S.835 108 3&1 472 5.943 2285 8228 7,756 Developmentfund DF Re¥Ution fund Social HowngBTrt fund 1.143.£O0 1.181256 1248311 25J03 1,181,728 ]rIent Revaluation Reser 1472) 14J74) Designaied fvnd 1.177.3$4 (24131J 24831 1,177J54 22
THE MR& HENRIETTA FtE5 LE PERSONNE BENEVOLiNTTRUgT NOTESTQ THE FINANcILSfATEmEtS FOR THE YEAR RNDED 31 DECEMBER2024 Re5eTve5 Ic•llttihuÈdl The development lund w previously known 8$thp PeTmaneni EndownJEth Flu which released by the Charity CtsMrniIOn on IS June ?OOB to be Sed as the charity nsttts see fit. The balanGe ofrhis fund repTe5Bnis the fuThd5Paid to acquire fixed inve5knBn15. This rthd has bee fully sp2Dt withtbe R55anon ofthtNorthWing work. Thecyclical mntmIrefund represents afuThd foTihe roDtirte maintenance costs incuTred. The EXtrats[dZry Repairfund tepttkttts Tnonie5 Put aside by the TntsteÈ5to ¢overaThy out oftht tsrdiw r¢paireost The Soci21 Housing grani fund rÈpresents a grani received towards thE E95t of developing the htyu$inE property 0¢k. depreGiation is churyed on she housing property. the gTrnT has been taken as inwme and TS set aside #sadesiar¢d fund. There WÈ5 acDndition atwhed io thetth if the hOnsprOperty was ever sold the gntlI1 be required to be repaid. The investsnEntRevaluation Rtitrve rePtsthe cumuJativÈeffect ofr¢valuatiim5 Offld asget invementsto VAIU 12 Re¢oD¢iliAtitill Dfop¢rdtingsurpltss t• ts$h fl&w frornoperatthg aelivites 2D24 2023 surp11 ftsrthey¢xr 64.527 87.li6 ttrest payable JDtrrest and disrydÈnd5 re¢eivy Depreriation and impawtient ortsnbIC fixed assets 108&ttsI I3¢50n inve5mThts Ilncrease)I decte&SB trade and oiherdebiors (decrease) 111 hxde and other¢reditor5 71,258 11,0421 31.Y24 14721 2,OJ6 (3,768) 67.455 28.755 143 NetCa5b flow from operatig(tivites 165.263 13 wi%¢1] iDstrurntnts Tbe CÈ18 wnoun¢s ofthe f)¢181 instrullJ¢nts aRas follows.. 2024 20?3 FTywnciuloriers Meured atfair value though thestyipmpnt of comprehensive into.. - Fwd asser limed 1nvestrjk ltttste 71 4228 8228 7.756 7.756 Debt inmments measured Èmwu5ed com.. -TttÈ dpbiors (note 61 -Oiherdebtoys (note B) 15.559 10,S4D 26,099 14.687 13.448 ?8.135 Filwpll1AubTll11e euTe atamortised CL - BAnk 108ts8 and overdraft{nDtP5 9-101 - Othpr crediiors (note 91 1.011.815 1.035266 24.958 Zl,190 Th¢ incorne. &Ypense4 nÈtBaJ]J$ 3nd lwlossesatmutÈb1t to the fiTrWI 1n5tnmts are sumtithti5 as follows.. 2OZ4£ 2023 £ FllWICial &bilItieS rnea5UTed atamorti5ed e05t 71258 FIn8ClaI assptsmpasured at fairvalutthroughthe aternentofcomprÈhen5iV¢ iTbwrne 23