Epsom Parochial Charities Registered Charity No. 200571 Report and Financial Statements 31st December 2022
Epsom Parochial Charities Charities Epsom Almshouse Chatrty Epsorn Advancement in fe Charitss Epsorn Relief in Need Charity TrusteÈs Mi J A Steward. MA. FCA ICh8irrnanl Mr S Jones (WI Chaimianl Counallor N Dallen MrsCOSLong Mr P thite Rev N Parish Mr J Rdl Pithering Mr G Stevens Principal Place of Business 26 Woodcote Hutst Epsom Surrey i(r18 7DT Clerk of the Trusiees Mrs P A Vanston8-Walker Fam View Suite 42 Canon5 Lane Burgh Heath Tadworth Surrey K[20 6DP IndeP8e Examiners Riches & C(Thp8ny 34 Anyards Road Cobham Surrey KT11 2LA Bankers Natwest Bank 115 High Street Epsom Surrey Kf19 8DX Contents Page Report of the Trustees Independent Examiners, Repryt Statement of Finantsal AthvitEs Statement of Changes in Equity summari Income and ExpEndttute Account Balance SFEet Note5 to the Finaal Staternts Epscyn Arnshouse Charity - Income and Expenditute Account mshouse 8ranth A¢¢ounts Ep50tn AdVanment in Life Charities - Inme and Expenditure Account Epsom Relièf in Need Chattty - Incotne and Expenditure AtUnt Schedule of Investsllents 13 14 15 17 16 18 19- 20
Epsom Parochial Charities - Registered Charity No. 200571 Report of the Trustees for the year ended 31st December 2022 Structure, govemance and management The powers of the Trustees are derived from the Trust Deed dated 18th November 1988. This deed consolidates Gharilies ¢omprised in Schemes ofthe Charity Commissioners dated 31 st Dember 1929,. 28th July 1966", and 24th June 1970. Epsom Parochial Charities is administered by a board of up lo 10 unpaid trustees. The viGar of St. Martin s, Epsom with Sl. Stephen's, Langley Vale. is appointed as an ex officio trustee. Other trustees are appointed for a term of fve year5 by resolUtn of the bo8fd. An annual payment Is made lo the ex officio trustee from Ihe Advancement in Lrfe- John Brayne Chartty. The following persons served as Trustees during the year.. Mr J A Steward, MA, FCA (Chairman) Mr S Jones (Vice Chaimanl Councillor N Daln MrsCDSLong Mr P While Rev N Parish Mi J Roll Pickering Mi G Stevens The trustees have referred to the Charity Commission's general gUKlan on public benefit and h8ve regard lo th* guidance when reviewing the aims and objectwes of the charity and in planning ils future activrf(ies. The Iru5tees have complied wf(h the duty in section 17151 of the 2011 Charities Act to have due regard to guidance published by the Charity Commission_ The trustees have complied with the Henry Smith Charity rules in respect of the annual allo¢alx)n of ftjnds from that charity lo Epsom Parochial Charf(ies. How our activities deliver public beneflt Our main activrties and who we try to help are explained below. Objectives and activities Epsom Parochial Almshouses and Rest Cottage Almshouses provide affordable accommodation for needy persons resident in The Anent Parish of Eps¢yn. The accommodation presentty comprises 6 self-contained bed srtting tooms in Mary Dundas House, 4 two bedroom self-contained flats in Rest Coltage and 4 seff-contained one be(Irrx)m flats in Fairholme. All properties are constantly being improved lo conlomi to the latest legislation in SpeCt of health and safety. risk management, riTe safety standards and to meet higher standards of energy efticiency. The Relief in Need Chanty provkles financial a5Si51ance to persons resident in the area of benefit who are in conditions of need. hardship or distress. The Advancement in Lrfe Charities exist for the purpose of helping young persons sIdent in the area of benefit and under the age of 25 years who are in need of financial assistance in conneGtion with their education.
Epsom Parochial Charities - Registered Charity No. 200571 Report of the Trustees (continued) for the year ended 31st December 2022 Achievements and perforniance 2022 Fairholme has continued to be maintained to rts high standard of a¢¢ommodation. Rest Cottage has continued to be maintained to its high standard of accommodation. Mary Dundas House has had Iwo new kitchens installed ar has ¢ontsnued to be maintained to its high standard of a¢commodation. Donations and grants totslling £18,800 have been made to persons in need during the year, or to organisalions providing for the heahhcare and education general of needy Epsom residents. Trust*s have adopted new policEs in respect of Dats Protection, Risk Assessment. Risk Management, Safeguarding and Heatth and Safety. Risk management The Ituslees take note of all foreseeable risks for whh they may be liable. and take suitable professional adve. Financial review and policies The Charity remains in a strong financial posrt40n. The Chartty's financial policies are lo ensure that the grants made from the Relief in Need and Advanment in Lrfe charities do not exceed the nel income of each ¢harity. so that each charity breaks even in broad terms. There is a rolling programme of repairs and maintenance which is planned in advan¢e and Caled out wrthin budgetsry constraints 2s far as possible. The investments of the whole charity are kept under review. Laslty. al each meeting of the Trustees, the Clerk to the Trustees report5 the current financial posrtion of the Charty and expected forthcoming expenditure. Reserves policy It is the policy of the Charity lo maintain Ihe e1 of reserves necessary lo ensure the financial commitments of the Charrty can be achieved on a Tegular basis from the income produced by the investments and other sources. The Trustees will ensure as far as possible that the reserves are maintained lo achieve the objects of the Charity. Induction and training of Trustees New Trustee5 are given an intrimluction to the objectNes and activities of the Char5ty and are taken through the governing documents. They are also given the opportunity to visit the accornmodation provided by the Charty and to meet the residents. Any questions OT queries they may have are responded to.
Epsom Parochial Charities - Registered Charity No. 200571 Report of the Trustees (continued) for the year ended 31st December 2022 ststement of Trustees. responsibilities The purpose of this statement is lo distinguish the trustees, reswnsibilities for the accounts from those of the independent examiners as slated in their report. Charity law requires the tTuslees to prepare accounts Ih8t gwe a true and fair view of the slate of affairs of the charity and of its income and expenditure for the financial year. In doing so, the trustees are required to.. select suitable accounting policies and appty them consistently.. make judgements and estimates that are reasonable and prudent", prepare the accounts on a going conrn basis unless it is inappropriate to assume that the charity will be able lo continue to meet its obje¢live5. The Iru5tees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial posrtion of the ¢harity and to enable them to ensure that the accounts comply with the Chari(ies Act 1993. They are also responsible for safeguarding the assets ofthe charty and he for taking reasonable steps for the prevention and detection of fraud and olhei irregularities. J A Steward Chairman
Independent Examiners, Report to the trustees of Epsom Parochial Charities We report on the accoLJnls of the Charrties for the year ended 31st Dmber 2022, which are sel out on pages 5 to 20. Respective responsibilities of trustees and examine The charity's trustees are responsible for the preparatn of the a¢cfjunls. The charity's trustees onsider that an audrt is not required for this year IL¢nder section 144121 of the Charities Act 2011 Ilhe 2011 Act)) and Ihat an independent examination 15 needed. 11 is our responsibilty to.. examine the a¢¢ounls (under section 14511}lal of the 2011 A¢tl", lo follow the procedures laid down in the General Directions given by the Charty Commissioners (under sectK)n 1451Slb} of the 2011 Act),. and to state whether particular matters have come to our attention. Basis of independent examiners. report Our examination was carried out in accordance WFth the General Directions given by the Charty Commissioners. An examination includes a review of a¢wunling records kept by the charity and a comparison of the accounts presented with Ihose records. 11 also includes consideration of any unusual items or disclosures in the accounts. and seeking explanations from you as trustees concerning any siJGh matters. The pro¢edures ur)dertaken do not provide all the eviden that would be required in an aud((. and conseqLJently we do not express an avdtt opinion on the view given by the accounts. Independent examiners, statement In connection wtth our examinatson, no matter has come to our attention". whh gNes us reasonab caLtse to believe that in any material respect the requirements.. to keep a¢ntIng recotds in accordance wrlh stIOn 130 of the 2011 Act; and to prepa accounts which accord wrth the accounting records and compty with the a¢¢ounling requirements of the 2011 Act. have not been met." or 121 lo which, in our opinion, attention should be drawn in order to enable of the accounts to be reache(l. understanding Riches & Company Chartered Accountants 34 Anyards Road Cobham Sijrrey KT11 2LA
Epsom Parochial Charities Statement of financial activities for the year ended 31st December 2022 Unreslri¢ted Endowment funds 2022 Total ftjnds 2021 Total funds Unresthcted funds Note Incoming resources Donations and grfis Activities in furtherance ol the Charity's obje¢ts". AlmshoLJse income A¢livilies for generating funds". Investment income Grazing land rent 18.8(K) 18,800 24,455 74.058 74.058 72.171 12.750 12,750 12,161 Total incoming resources 105,608 105,608 108,787 Resources expended Expenditure on charitsble aclivilies-. Upk*p ofAlmshouses Advancement in lrfe Relief in need Independent Examiners, Fee Goveman¢e Costs Vicar of Epsom 80,380 80,380 77,679 1,000 8,529 4,680 25,577 596 9,454 4,800 18,174 692 9,454 4.800 18,174 692 Total resources expended 113.500 113,500 118,C61 Net outgoing resources (7.892) 17,8921 {9,2741 Gain on revalLJabon of investments (66.671) (66.6711 141,972 Net movement in funds and total comprehensive income 17,8921 (66.671) (74.5631 132.698 Fund balan5 brought forward 100.690 1.834.863 1.935,553 1,802,855 Fund balances carried forward 92,798 1.768,192 1,860,990 1,935,553
Epsom Parochial Charities Statement of changes in equity for the year ended 31st December 2022 Unrestricte Endowment funds 2022 Total funds 2021 Total funds Unrestrted furHJs Fund balances at 1st January 2022 100,690 1,834.863 1.935,553 1,802.855 Net movement in funds and total comprehensive income {7,892) 166,6711 174.5631 132,698 Fund balances at 31" December 2022 92,798 1,768.192 1,860,990 1,935,553 Details of the rights and restrictions relating to each fvnd are set out in note 2lg).
Epsom Parochial Charities Summarised Income and Expenditure Account for the year ended 31st December 2022 2022 2021 Income Expenditure Transfers Surplusl Surplusl IDeficf() (Deficill Page Almshouse Branch accotjnts 15 82.944 {94.0121 I11,(8> 119,9891 Epsom Almshouse Chattty 30 919 868 14 {10,1491 {19,1211 Epsom Advanment in Lrfe Chattties". Brayne and Culling 16 14541 50 1,280 18 John Brayne 17 2,186 {1,1461 1,040 895 16 2,320 913 Ep51)m Relief in Need Charty Bank interest and dividends 18 17.905 113,088} 1801 4,737 13,614 Independent Examiners" Fee (4,800) 14,8001 14,6801 As per SOFA 105.608 {113,500) {7.8921 19,2741
Epsom Parochial Charities Balance sheet as at 31st December 2022 2022 2021 Note Fixed assets Tangible assets Investments 719,948 1,116.536 733,386 1.183,207 1,836,484 1,916,593 Debtors Bank deposti ac¢ounts Bank current account COIF Charities deposit fund Cash in hand 3,086 3,291 23.031 4.000 60 2.827 3.291 28.269 4,000 60 33,468 38,447 Credttors= amounts falling due within one year 10 8.%2 19.487 Net current assets 24.506 18,960 Net a55ets 1.860.990 1,935.553 Funds Ipage 51 Unre51ricled endowment funds Unrestricted funds 1,768.192 92,798 1.834,863 100,690 1.860.990 1,935,533 Approved by the Trustees on ... Steward S Jones
Epsom Parochial Charities Notes forming part of the financial statements for the year ended 31st December 2022 Charty infomiation Epsom ParoGhpl Chairties is a charitable trust registered with the Charity Commission in England and Wales. The principal Pl of business is 26 Woodcote Hurst, Epsom, Surrey KT18 7DT. Accounting policies lal Accounting convèntion The financial statements have been prepared under the historical cost convention and in accordance wrth FRS102 and with the Statement of Recommended Practice. Accounting and Reporting by Charrties ISORP FRS1021. Epsom Parochial Charities is a Publ benefrt entty. Ibl Incoming resources The charty recognises almshouse income when rt falls due and inve51menl inc(Yne and grazing land rent when they are re¢ewed. No incoming resources have erther been deferred or have been included in the SOFA nel of expendrture. Incoming resources from endowment funds are classified as restricted furKJs. Ic} Resources expended The accounting policies for including items within the relevant categories of resour¢es expended are as follows.. Activit*s in furtherance of the charrty's objects - includes ¢osls relating dire¢tly to Epsom Almshouse Chanty. and the Advanment in Life and Relief in Need ¢harities. Governance costs- includes costs that do not relate directly lo one specific activty of the charty. The allo¢alion of governan costs lo each charity is shown in note 5. Id) Capitalisation of fixed assets Fixed assets are caprtalised at cost. where it is expe¢ted that future e¢onomFc benefit will flow to the charty for a period of more than one yeai. Asse15 will not be c8pilalised where they have a value 01 £1000 or less. and imP8iTmenl reviews will be carried out by trustees on a yeady basis. lel Depreciation Freehold land 15 not depreciated. The cost of other tangible fixed assets is written off by equal annual instalments over their expected useful lives as follows. Freehold buildings Fumrture and equipment Computer equipment 50 years 10 year5 4 year5
Epsom Parochial Charities Notes forming part of the financial statements {continued) for the year ended 31st December 2022 Accounting policies (continued) If) Fixed asset investments Fixed asset investments a included at market value at the balance sheet dale. Any gain or loss on Tevaluation is tsken lo the SOFA_ Igl Funds The ehanty's funds wmprise ofendowment funds, which rel*e lo the investments held by the charty. and unrestricted fijnds. which relate to all other actnirf(ies of the ¢harity. There are no designated funds and no restrictions on fund usage. All movements on funds during the year can be seen in the SOFA. (h) Maintenance provision A review of the planned Maintenan and improvement of the almshouses is carried OLJt annualty. The review cover5 expenditure for the next twelve months and looks forward to what will be required in the next five years. Cash flow statement Under the FRS102 Charities SORP the chareS are not required to produce a Cash Flow Statement as they meet the definrt#)n of a small charity. Donations and gifts 2022 2021 Almshouse Branch A¢count5 Epsom Relief in Need Charrty 8,886 9,914 4,703 19,752 Grant from Henry Smtth Chanty 18.800 24,455 Investment Income 2022 2021 Interest and dNidends from inve5tmenls.' Epsom Almshouse Chartty Epsom Advancement in Lrfe Charities Epsom Relief in Nd Charity 889 3,870 7.991 838 3,737 7,586 12,750 12,161 10
Epsom Parochial Charities Notes forming part of the financial statements (continued) for the year ended 31st December 2022 Governance costs 2022 2021 Adminislralive ¢0515 Clerk's remuneration 15,195 2,979 22,003 3,574 Total expenses 18,174 25,577 AdminislratNe costs include-. Design and implementation of various GDPR, health and safety. and other poli¢ies. Provision of monthly rewrting infomiation for Trustees Investigation into apparent overcharging by ulslity Supplier Preparation of detailed accounting records and liaison wrth external accountants. Apportionment of expenses Epsom Almshouse Chanty t15%} 13.630 19.184 Epsom Advancement in Life Charrties 15%) 909 1.278 Epsom Relief in Need Charity 120%) 3,635 5.115 18,174 25,577 Net outgoing resources 2022 2021 Net outgoing resou5 is ststed after charging.. Depreciation of tangible fixed assets Independent examiners. fee 13.573 4,800 13,625 4,680 18,333 18,30S
Epsom Parochial Charities Notes forming part of the financial statements (continued) for the year ended 31st December 2022 Tangible fixed assets Freeho land Freehokl grazing FLrmitLrre and and buildings land equipment Total Cost.. At 1st January 2022 Addrtions during the year 979,432 17,756 19,972 95 1,017,160 95 At 31st December 2022 979.432 17,756 20,(67 1,017,2S5 Depreciation.. At 1st January 2022 Charge for the year 263 802 13.509 19.972 24 283,774 13,573 At 31st December 2022 277,311 19.996 297,307 Net book value.. At 31st Dember 2022 702,121 17.756 71 719.948 Al 31st December 2021 715,630 17.756 733.386 Land and buildings relating to two almshouses were donated. or were purchased and developed many years ago. The wsls included above have been incurred Sin 1968. The third almshouse was purchased in 1991 and during 2008109 was converted from 6 bed sitting roorlls into 4 seW contained one bedroom ffats. During the yearthe three pmperties were valued for insurance purposes at £3.956,(x)o. The grazing 18nd was bequeathed to the Charth"es in 1693. The trustees ¢onsiderthat the value of this land is not less than the capitalised expenditure. Fixed asset investments 2022 2021 Market value al 1st January 2022 Gainlllossl on revaluation 1.183,207 {66.6711 1,041.235 141,972 Market value at 31st December 2022 1,116,536 1.183.207 Historical cost of inveslrnenls at 31st December 2022 3.300 3,300 A schedule of Investm15 Showing the holding attributable lo each Charity appears on pages 19 anL120 12
Epsom Parochial Charities Notes forming part of the financial statements (continued) for the year ended 31st December 2022 Debtors 2022 2021 Prepayments 3,086 2,827 3.086 2,827 10 Creditor5 2022 2021 Accnjals Vicar of Epsom 8,270 692 18,891 596 19.487 Capital commitments 2022 2021 Capital expenditure that ha5 been contracted for but has not been provide(I for in the financial statements Caprtal expenditu that has been authorised by the Trustees but has not yet been contracted for 12 Grant•making activibes Details of grants rnade during the year can be found wrthin the Report of the Trustees. 13 TrustÈÈs' payments No Iruslees were paid emoluments or reimbursed expenses bythe charty during the year under review. 14 Going concern There are no material UnrtaIntieS aboul Ihe charity's abilty to ¢ontinue. 15 Related party transactions There were no transactions wrth related parties in the reporting period. 13
Epsom Parochial Charities Income and expenditure account for the year ended 31st December 2022 Epsom Almshouse Charity 2022 2021 Income Interest on investments N.A.A.C.l. Fund Samuel Cane Langley Brackenbury George W. Storey Margaret Knipe Gift of Jarman and Sarah Hope Emm2 Butcher Elabeth Butcher Anne Shears Butcher Nellie James Mary Dundas Almshouse Charrty Parochial Almshouse Chartty Sale of land Stsnley Longhursl 29 18 27 17 18 17 39 451 37 425 73 91 105 99 43 889 838 Other income Transfer from Relief in Need Charrty 30 30 919 Add Almshouse branch accounts Deficit of income over expendrture Ipage 15) A¢¢ount 1- Fairholme 2- Mary DLJndas House 3- Rest Cottage (T,178} 14471 13.4431 110,377) 14.681) 14,931} 111,(E81 119,9891 Deficit of income over expenditure (10,1491 119,1211 14
Epsom Parochial Charities Income and expenditure account for the year ended 31st December 2022 Almshouse Branch Accounts Account 1 Account 2 (Mary Dundas House) 2022 2021 Account 3 Total (Fairholme) 2022 2021 (Rest Cottagel 2022 2021 2022 2021 Income Maintenan contributions Donations and Gifts 18,939 20,352 30,756 27,182 24.363 24.637 74.058 72,171 3,200 5,106 2,352 580 2,351 8.886 4.703 22,139 20,352 35,862 29.537 24.943 26.988 82.944 76,874 Less expenditure Propety Management Repairs. de¢oration5 and Maintenan 4,928 Insurance premiums1.341 Eleclricrty 2.401 Gas 4.107 Window cleaning 550 Water rates 1.262 Council tax TheAlmshouse Association Goveman¢e costs Gtfts lo residents Depreciation.. Freehold propety 6.080 Fumilure and equipment 3,963 3.805 6,IA3 4,629 4.363 3.804 14,389 12,238 5,747 10,315 1.037 1.166 2.546 4.066 2,951 6.5 550 550 1,368 79 6.947 T18 4.352 6,502 550 147 835 4.169 1.166 3,¢1 5,261 550 202 8,976 19,411 21,670 778 3.673 2.593 3,497 9.528 10.395 2,568 15.964 12,021 550 1.650 1,650 222 1.543 1,737 835 83 61 122 93 83 61 288 215 6.395 150 4,544 6,394 4.544 100 250 250 6.395 13,632 19,184 3(K) 700 50 6,080 2,700 2.700 4.729 4,729 13,509 13.509 39 38 39 24 116 29,317 30,729 36,309 34.215 28,386 31.919 94,012 96,863 Defictt of income over expenditure {7,1781 110,377) 1447) 14.6811 13,4431 {4,931} (11.[7} {19,9891 15
Epsom Parochial Charities Income and expenditure account for the year ended 31st December 2022 Epsom Advancement in Life Charities 2022 2021 Educational Charity of John Brayne and Elizabeth Culling Interest on investment- C.O.l_Fund Elizabeth Culling John Brayne 40 1,188 39 1,157 1.228 1.196 Vvhite and Elmsl Interest on investment- C.O.l. Fund C.O.l.F. Charities deposit account 422 411 411 John Brayne Charty Nel incomelldeficitl Ipage 171 1.040 895 other income Transfer from Relief in Need Charty 50 50 2.774 2,552 Less: Expenditure Donations for advancement in lrfe- Via Citvzens Advi Bureau 1,000 Total donations 1,000 Governan costs 454 639 454 1.639 Excess of income over expenditure 2.320 913 16
Epsom Parochial Charities Income and expenditure account for the year ended 31st December 2022 Epsom Advancement in Life Charities 2022 2021 John Brayne Charity Income Interest on investment- C.O.l. Fund 2.186 2,130 2.186 2,130 Less.. Expendtture Govemance costs 639 639 1.732 1,491 Allocation of income Vicar of Epsom- 215 692 Excess of income over expÈndtture transferred to page 16 1,040 895 17
Epsom Parochial Charities Income and expenditure account for the year ended 31st December 2022 Epsom Relief In Need Charity 2022 2021 Income Interest on investments- C.O.l. Fund Elizabeth Evelyn Wotkhouse Field Mary Watlington Jane Rowe Elizabeth Chil¢ole Church Haw Sir James Alexander Elmslie's Eleemosynary Chartty Elizabeth Culling Relief In Need Charty John Caslledine Roll Relief in Need Charity 207 211 25 47 48 538 50 425 70 201 206 24 47 525 49 414 68 169 164 1.790 1.744 Interest on investment- N.A.A.C.l. FurHJ Mary Dundas Relief In Need Charty Interest on deposit- Workhouse Field Grant from Henry Smtth Charrty 6,1 5,842 9.914 19,752 17.905 27,338 Less: Expendwture Direct donations to Ctiyzens Adv Bureau Paymènts made directty lo contractors 9,454 8,529 Total grants Govemance costs 8,529 5.115 3.634 13.088 13,644 4,817 13,964 Transfer - Almshouse Charity - Advancement in Lrfe Charities 30 so 30 50 1801 1801 Excess of incorne over expenditure 4,737 13.614 18
Epsom Parochial Charities Schedule of investments at 31st December 2022 Shaieholding C.O.l.F. N.A.A.C.l.F. Charity Epsom Almshouse Charity 832 501 166 501 176 12,879 2.203 1,127 2,593 3.000 90 1.310 Samuel Cane Langley Brackenbury George W. Storey Margaret Knipe Gift of Jarman and Sarah Hope Elllabeth Butcher Ann Shears Butcher Emma Butcher Nellie James Mary Dundas Land Sale Stanley Longhurst Mary Dundas Almshouse Charity Par(Khial Almshouse Charrty Extraordinary Repair Fund Accumulation shares 1.080 4.841 Epsom Advancemènt in Life Charities John Brayne Charity Educational Charity of John Brayne and Elabeth Culling 4.297 John Brayne 77 1.920 Elvzabelh Culling John Brayne hf(e and Elmslie Epsom Relief in Need Charity 381 389 Elrzabeth Evetyn Workhouse Fiekl Mary Watling Jane Rowe Elvzabeth Chilcote Church Haw Sir James Alexander Elmslie EIEabeth Culling John Castledine Roll 87 89 992 92 Elmslie's Eleemosynary Charity 783 Elizabeth Culling Relief in Need Chanty 129 John Castledine Roll Relief in Need Charity 311 Mary Dundas Reliefin Need Charity 177.018 11,446 207.237 Income shales Accumulalw)n shares 10.366 202.3 1.080 4.841 11.446 207.237 19
Epsom Parochial Charities Schedule of investments (continued) at 31st December 2022 All the above stocks and shares are invested in the Charities Official Investment Fund {C.O.l.F.l or National Assttialion of Almshouses Common Investment Fund IN.A.A.C_I.F.). In addition the Charities hold 100 ordinary shares in Banco Sanlander which were receNed free of charge. Note- Extraordinary repair fund During 2012, 427 C.O.l.F. Accumulation Shares were sold in order to pay legal fees. and during 2015, a further 433 shares were sold foi the same purpose. During 2016, 259 shares were sold, during 2017, 273 shales were sold.. during 2019, 212 shares were 501d in order to meet VariQUS Costs,. and during 2022, a further 68 shares were sold in order to fund repairs and equipment purchases. The total of 1.080 C O.l.F. Accumulation Shares temaining represents part ofthe cumulative investment of £360 per annvm from the Epsom Almshouse Charity btheen 1971 and 1992, and £120 per annum between 1993 and 1996. The 4.841 N.A.A.C.l.F. AccumulalK)n Shas comprise the annu81 investment of £847 betwèen 1977 and 1991 in the Epsom Relief in Need Charrty. This is to reimbutse the encashment of shares held by the Mary Dundas Ch2rty which realised £18,417 in 1976, to finan b4Jikling expendrture al 58 Upper High Street. This propety was Subsequent sold In 1990. The market value of the above shares was_. 2022 2021 1,080 4,841 C.O.l.F. Accumulation shaS N.A.A.C.l.F. Accumulation shares 238,311 510.875 278,411 506,870 749.186 785,281 20