Epsom Parochial Charities Registered Charity No. 200571 Report and Financial Statements 31st December 2023
Epsom Parochial Charities Charltl•s Ep50rn Ms)Se Chaiity Epsom Advancetnent in Life Charilies Epsom Relief in Need Charity Trustees MF J A Steward. MA, FCA (clm)an) Mr S Jones (Vi(x Chairman) Counollor N Dallen Rev N Partsh Mr J Rc41 FICk]ng Mr R W Frisby Prlnclpal Place of Busln•ss 26 W(K)deA)te Hurst Epsom Surrey KT18 7DT Clerk of the Tru$to•s Mrs P A VanSt(WaIkef Farrn View Suite 42 Canons Lane Burgh Heath Tadw SurTey Kf20 6DP Independent Examin8rs Riches & Company 34 Anydrds Roa Cobhat Surtey KT11 2LA Bankers Natwest Bank 115 High Street Epsom Surrey KT19 8DX Contents Pag8 Rewt ofthe Trust8es IndeperKlent Examiners, Rerwjl ststement of Finanual Activits8s ststement of Changes ifi Equty Sumtnan5ed Incorne and Eyndrfure Acixwnt Balance St Notes lo ihe FinaJThl Statem8nts Epsthn AJrnslK)use Charity . IrKa)rre aTrJ EXpendlbJ Acctsjnt mshouse Branch Attounts 13 14 15 17 16 . IwKome a1 Expenditure Ac(xyJnt Ep50m Relief in Need Chanty . Income a1 Eynditure Acownt sChlu1e of Inve51ments 18 19
Epsom Parochial Charities - Registered Charity No. 200571 Report of the Trustees for the year ended 31st December 2023 Structure, governance and management The powers of the Trustees are derived from the Tt Deed dated 181h November 1988. This deed consolidates charities comprised in Scheme5 of the Charity Commissioners dated 31st December 1929,. 28th July 1966-, and 24th June 1970. Epsom Parochial Charities is a¢Jministered by a board of up to 10 unpaid trustees. The vicar of St. Martin's, Epsom with St. stephen's, Langley Vale, is apFM)inted as an ex officio trLtstee. Other Injstees are appointed for a term of five years by re501ution of the board. An annual payment is rnade lo the ex officio trustee from the Advancement in Lrfe- John Brayne Charity. The followng persons served as Trustees during the year.. Mr J A Steward, MA, FCA {chaimn) Mr S Jones Ivice Chaimanl Councillor N Dallen Mrs C D S Long (Resigned 61612023> Mr R W Frisby (Appointed 61612023) Mr P White (Resigned 616J20231 Rev N Parish Mr J Roll Pickellng Mr G Stevens (Resigned 2414120231 The trustees have referred lo the Charity CommissNJn's general guidance on public benèfit and have regard lo that guidance when reviewing the aims and objectives of the charity and in planning its future activities. The Iruslees have complied with the duty in section 17151 of the 2011 Charittes Act to have due regard to guidan published by the Charity Commission. The trustees have complied with the Henry Smtth Charity rules in respect of the annual allwation of funds from that charrty to Epsom Parochial Chariiies. How our activi¢$ deliver publlc benefft Our main actIveS and who we try to help are explained bek)w. Objectivgs and actIvitS Epsom Parochial Almshouses and Rest Cottage MmshoLt5es provvje affordable a¢comm¢xlation for needy persons resident in The Ancient Parish of Epsom. The accomrn(Klalion presendy comprises 6 self-contsined bed sitting rooms in Mary Dundas House, 4 two bedrLwJm self-contained flats in Rest Cottage and 4 self-ntaIned one bedrM Ilats in Fairhdme. I properties are ¢onstanUy being improved to ox)nform to the latest legislation in respect of heatth and safoty, risk management. fire safety standards and lo meet highei standards of energy efficiency. The Relief in Need Charity provides financial assistance to persons resident in the area of benefit who are in condrtions of need. hardship or distress. The AdVanrnent in Lrfe Charilies exist for the purpose of helping young persons resident in the area of benefit and under the age of 25 Yea w7 are in need of financial assthnce in (x)nnection with their education.
Epsom Parochial Charities - Registered Charity No. 200571 Report of the Trustees (continued) for the year ended 31st December 2023 Achievements and perforniance 2023 Fairholme has continued to be maintsined to its high slandard of accommodation. Rest Cottage has conkn.nued to be maintained to tb high standard of accommodakn"on. Mary Dundas House ha5 had ts¥o new kitchens installed and has continued lo be maintsined to its high standard of accommodation. Donations and grants lotalling £18.800 have been made to persons in need during the year. or to organisations providing for the healthcare and education generally of needy EpsoTn residents. Ttustees have adopted new policies in respect of Dala Prolectv)n. Risk Assessmen( Risk Management. Safeguarding and Health and Safety. Risk management The tnjstees tske note of all foreseeable risks for they may be liable. and tske suitable professional advice. Financial review and policies The Charity remains in a strong financial p05ttion. The Charity's financial licIeS are to ensure that the grants made from the Relief in Need and Advancement in Ltfe charities do not exed the net income of each charity, so thal each charity breaks even in broad tem)s. There is a rolling programme of repairs and maintenance which is planned in advance and carried out wtthin budgetary constraints as far as possible. The investments of thè whole charity are kept under review. Lastly, al each meeting of the Trustees, the Clerk to the T¥ustees reports the t)Jrrenl finanaal tx)sitKJn of the charity and expected forthcoming expenditure. Reserves pollcy It is the policy of the Charity to maintain the tevd of reserve5 necessary to ensure the financial commrtments of the Charity can be achieved on a regular basis from the InMe produced by the investments and other SoUrs. The Trustees wll erwJre as far as possible that the reserves are maintained to achieve the objects of the Charity. Induction and training of Trustees New Trustees are given an intmductvjn to the objectives and activ"e5 of the Charity and are tsken through the goveming documents. They are also given the opportunty to visit the accomfftodalion provided by the Chartty arKI to meet the residents. Any questions or 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 2023 Statement of Trustegs. responsibilities The purpose of this statemenl is to distinguish the truslees, responsibilities for the accounls from those of the independent examiners as staled in their repLYL Charity law requires the trustees to prepare a(nts that give a true and fair view of the stale of affairs of the charity and of tts income and expendrture for the financial year. In doing so, the trustees are required to.. select suitable a¢)))UrI¥d p)liues and appty them consistenly; make judgements and estimates that are reasonable and prudent- prepare the accounts on a going COnM basis unless it is inappropriate to assume that the charity will be able to continue to meet its objecbves. The Irustees are Msponsie for maintaining proper accwnting records which disclose WTih reasonable accuracy at any time the financial posttwJn of the charity and to enable them to ensure that the accounts comply with Ihe Charities ACÉ 1993. They are also responsible forsafeguarding the assets of the charity ar hence for taking reasonable Steps for the prevention and deteth.on of fraud and other irregularities. aAs4.- J A Steward Chairrnan 16 October 2024
Independent Examiners. Report to the trustees of Epsom Parochial Charities We report on the accounts of the charib.es for the ended 31st December 2023, which are set out on pages 5 to 20. Respethve responsiblllties of trnslees and examiners The charity's trustees are responsible for the twaration of Ihe accounts. The Charty's trustees COllsideT that an audrt is not required for this ye8r (under section 14412) of the Charities Act 2011 (the 2011 Aclll and that an independent examinalion is needed. It is our responsibilty to- examine the accounts (under section 14511Mal of the 2011 Act).. lo follow the prcredures laid down in the General Directions given by the Charity Commissioners (under sect 14515lbl of the 2011 Act): and to state whether particular matter5 have ccmne to (Njr attention. Basis of indendent examln•ts' report Our examination was rried (Mrt in accordance the Generdl Directions gtven by the Charity Commissioners. An examinabon includes a review of the accounting rewrds kept by the charity and a comparison of the accounts presenled wth those rewrds. It also includes consideration of any unusual items or disclosures in the accourts, and seeking explarth.ons from you as trustees concerning any such matters. The procedures undertaken do not provide all the eviden that would be required in an audit, and consequenlly we do not express an audit w)inK)n on the view given by the aouunts. Independant oxaminer5' Statement In connection our examination, matter has come to our attention: which gives us reasonable c8use to believe that in any material respect Ihe requirements.. to keep accounting records in aance with section 130 of the 2011 Actr, and to prepa a¢Unts which accord wlh the awxjftbng records and compty with the a(Lounts"ng requirements of the 2011 ACL have not been met". or {21 to which, in our opinton, attention s)Uk be drawn in onler to enable a proper understanding of the accounts to be reached. Riches & Company Chartered Accountants 16 Ocl 2024 34 Anyards Road Cobham Surrey KT11 2LA
Epsom Parochial Charities Statement of financial activities for the year ended 31st December 2023 Year ended 31 Dec 2023 Total funds Year ended 31 Dec 2022 Totsl funds Un[estrictl Endowment nds Note Unrestricted fvnds Incoming resourcès Donations and gifts Activities in furtheran of the Charity's objects= Almshouse income Activities for generdting funds.. Investment income Grazing land rent 18,800 18.800 18.800 87.719 87,719 74.058 12.107 12.107 12.750 Totsl incoming resour$ 118.626 118.626 105.608 Rèsources axpended Expenditure on charitable activities.. Upkeep of Almshouses Advancement in lrfe Relief in need Independent Examiners. Fees Governan costs vIr of Epsom 118.517 118,517 80,380 10.387 10.387 7,200 30,427 512 9.454 4,800 18,174 692 30,427 512 Total resources expended 167.043 167.043 113,500 Net outgolng re$ource5 148.4171 (48.417) 17.892) GainllLossl on revaluation of investments J.627 90.627 {66.6711 Net movement in funds and total comprehensive income {48.4171 ,627 42.210 174,5631 Fund balances brought fon#ard 92.798 1.768.192 1,860.990 1,935.553 Fund balances carried forward 44.381 1.858.819 1.903,200 1.860.990
Epsom Parochial Charities Statement of changes in equity for the year ended 31 st December 2023 Unrestrict1 Unreslrth Endowment funds fijnds 2023 Total funds 2022 Total ftjnds Fund balancès at 1$1 January 2023 92,798 1.768.192 1.860.990 1.935.553 Net movement in funds and totsl comprehensive income (48.4171 90.627 42.210 174,5631 Fund balances at 31°, December 2023 44.381 1.858.819 1.903,200 1,860,990 Details of the rights and restrictKJns lating to each fund are set out in note 2lgl.
Epsom Parochial Charities Summarised Income and Expenditure Account for the year ended 31 st December 2023 Year Year ended ended 31 Dec 31D 2023 2022 Irth Exr*nditure Trnnsfers Surplusl Surplusl (Deficrt) {Deficitl Page Almshouse Branch accounts 15 96.403 (142.922) {46.5191 111.0681 Epsom Almshouse Charity 14 965 919 145.5541 110.149) Epsom Advancemenl in Life Charrfiies.. Brayne and Culling 16 16031 783 1.280 John Brayne 17 1.642 (1.1151 527 1.040 1.310 2,320 Epsom Relief in Need CharÉty Bank interest and dividends 18 18.192 115.2031 2.989 4,737 Independenl Examiners. Fee 11 (7.200) (7.2001 {4,8001 As per SOFA 118,626 (167.0431 148.4171 17.8921
Epsom Parochial Charities Balance sheet as at 31st December 2023 31 December 2023 31 December 2022 Flxed assets Tangible assets Investments 706.415 1.152.163 719,948 1.116.536 1,858.578 1,836.484 Debtors Bank deposit accounts Bank current accounl COIF Charities deposit fund Cash in hand 4.281 3,334 35,722 4,000 3,086 3,291 23.031 4,000 60 47.397 33.468 Creditors: amounts falling due with one year 10 2.775 8.962 Net curTent assots 44.822 24,506 Net assets 1.3.200 1.860.990 Funds Unrestricted Endowment funds Unrestricted funds 1,858,819 44.381 1.768,192 92,798 1.W3.2CM) 1,860,990 Approved by the Twstees on 16 Cktober 2024 J A Steward S Jores
Epsom Parochial Charities Notes forming part of the financial statements for the year ended 31 st December 2023 Charfty inforniation Epsom Parochial Charities is a tharitsUe tnjst regred wth Ihe Charity Commission in England and Wales. The prirKxpal pla of business is 26 WrThlcote Hurst. Epsom. Surrey KT18 7DT. Accounting po14cies la} Accounting convention The financial ststemenls have been prepared under the historical cost (L)nvenb"on and in accordance with FRS102 and with the Statement of Recommended Practi, Accounting and Reporbng by Chartties (SORP FRS1021. Epsom Paro¢hial Charities is a public benefft entity. (b) In¢omlng resources The charity re(X)gni alrTtshwse inu)mewhen ilfalls due and investmenl income and grazing land ren* when they are rered. No irKX)ming resour$ have either been deferred or have been induded in the SOFA r)el of expendrture. Incoming reSoUS from endowment furKls are dassffied as restricted funds. Icl Rosources expended The 8¢xounting poliaes for including items wthin the rdevant categories of reSoUS expended are as follows.. Activities in furtherance of the charity'5 objecls - indudes costs rel8ting direcily to Epsom Almshouse Charity. and the Advancement in Life and Relief in Need charities. G0Veman costs - include5 ¢0sts that do rtol rekte diredy to one specific activity of the charrty. The allocakn.on of vernanCe ox)5ts to each Char is shown in note 5. Idl Capitalisation of ftxod assets Fixed assets are Capitalised at cost, where il 15 expected that future economic benefit will flow to the charity for a period of more than one year. Assets will not be capitalised Whe they have a vallte of £101Xl or less, and impairTnent reviews will be carried o by trustees on a yearly bw's. lel Depre¢iation Freehold land is not depreciated. The cost of other tangible fixed 8ssets is written off by equal annual instalments over their expected usefvl lives as follows." . 50 years 10yea 4 years Freehold buildings Fumiture and equipment Computer equipment
Epsom Parochial Charities Notes forniing part of the financial statements (continued) for the year ended 31st December 2023 Accounting pollcies {continugd) ifj Fixed asset investments Fixed asset investments are incltjded at market value at the balance sheet dale. Any gain or loss on revaluation is taken lo the SOFA. (g) Funds The charity's funds comprise of endowment funds. which relate to the investments held by the chartty. and unrestn.cted funds. which relate lo all other activities of the charity. There are no designated fijnds and no restrictions on fund usage. All movements on funds during the year can be seen in the SOF Ihl Malntenance provision A review of the planned Maintenan and improvement of the almshouses is carried out annually. The review covers expenditure for the next tsvelve months and looks forward to wh* will be required in the next )Ive years. Cash flow statement Under the FRS102 Charibes SORP the Chartlies are not required to produce a Cash Flow Ststernent as they meet the definitson of a small charity. Donations and gifts 2023 2022 mshouse Branch Accounts Epsom Relief in Nwj Charty 8.886 9,914 10.116 Granl from Henry Smilh Ch8rity 18,800 18,800 Investment income 2023 2022 Interest and dNidends from investrnents". Epsom Almshouse Charity Epsom Advancement in Lrfe Charities Epsom Relief in Need Charity Unallocated interest 965 3.028 8.076 889 3,870 7,991 12,107 12,750 10
Epsom Parochial Charities Notes forming part of the financial statements (continued) for the year ended 31st December 2023 Govemance costs 2023 2022 Administrative costs Clerk's remuneration 26.737 3,690 15.195 2,979 Total expenses 30.427 18,174 Adminislratsve costs include". Design and implernenlatbon of vamus GDPR, heath and safety. and other policies. Provision of monthly reporting inforrrkation for Trustees Investigation into apparent overcharging by uknlity supplier Preparation of detailed accounb.ng records and liaison swlh extemal acu>untants. Apportlonment of axpen50S Epsom Almshouse Charity {75%) 24,405 13,630 Epsom A(1vanment in Lrfe Charibes (5%) 1.206 909 Epsom Relief in Need Charity 120%} 4.816 3,635 30,427 18,174 Net outgoing resources 2023 2022 Nel outgoing resources is ststed after chèrging: Depreciatson of tangible fix assets Independent examiner5, fee 13,533 7.200 13,533 4.800 20.733 18,333
Epsom Parochial Charities Notes forming part of the financial statements {continued> for the year ended 31st December 2023 Tangible fixed assets Freehold land Freehold grazing Fumiiure artrd arKJ buiklings land equipment Total Cost: At 1st January 2023 AddOn$ during the year 979,432 17.756 20.067 1.017,255 At 31st December 2023 979.432 17.756 20.067 1.017,255 Depreciation= At 1st January 2023 Charge for the year 277.311 13.509 19.996 24 297.307 13.533 Al 31st Decemkr 2023 2.820 20.020 310,840 Net book value." Al 31st December 2023 688.612 17.756 47 706,415 At 31st December 2022 702.121 17.756 71 719,948 Land and buildings relating to h¥0 almshouses were donated. or were purchased and developed many year5 ago. The costs induded atve have been incurred since 1968. The third almshouse was purchased in 1991 and during 2008109 was converted from 6 bed sitting rooms into 4 self nts1ed one bedrrKJm llats. During the year the three properb.es were valued for 1nslFran purposes al £3,956,000. The grazing land was bequeathed to the Chariiw in 1693. The IStee$ (tsnsider that the value of this land is not le5S than Ihe capitslised expenditure. Fixed asset investments 2023 2021 Market value at 1st J8nuary 2023 Gainl(loss} on revaluation Sale of shares 1.116.536 9),627 {55.0001 1,183,207 166.671} Market value at 31st December 2023 1,152.163 1.116,536 Historical u)st of investments at 31st December 2023 3,300 3.300 A schedule of investmenls showng the hdIng attritNjIae to each Chartty appears on page5 19and 20. 12
Epsom Parochial Charities Notes forming part of the financial statements (continued) for the year ended 31 st December 2023 Debtors 2023 2022 Prepayments 4,281 3,086 4.281 3,086 10 Creditors 2023 2022 Accruals Vicar of Epsom 975 1.800 8,270 692 2,TT5 8,962 Capital ¢ommltments 2023 2022 Capitsl expeThliture that has b8en o)ntracted for blrt h85 not been provided for in the finaal ststements Capital ext*nditure that has LEen aulhorised by the Trustees but has not yet LEen (Thtracted f( 12 Grantwmaking activrties Details of grants made during the year be found within the RetKJrt of the Trustees. 13 Trustees. paym¢nts No trustees were paid emoluments or reimLxJrsed expe1 bythe charityduring the year under review. 14 Golng con¢em There are no ITterial nrtainlieS about the Charis abilty to conlinue. 15 Related party transactions There were no transacbons wilh lated parties in the rewrting period. 13
Epsom Parochial Charities Income and expenditure account for the year ended 31st December 2023 Epsom Almshouse Charity 2023 2022 Income Interest on investments N.A.A.C.l. Fund Samuel Cane Langley Brackenbury George W. Storey argaret Knipe Grfi of Jarman and Sarah Hope Emma Butcher Elizabeth Butcher Anne Shears Butcher Nellie James Mary Dundas Almshouse Charity ParcKhial Almshouse Charity Sale of land Stanley Longhurst 19 18 19 18 43 39 91 105 114 46 889 Other income Trdnsfer from Relief in Need Charity 30 965 919 Add Almshouse branch accounts Defiat of income over experKliture Ipage 151 Account 1- Fairholme 2- Mary Dundas House 3- Rest Cottage (11.3) {15.2561 119.360) (7.1781 14471 (3.4431 146.519) (11,0681 Deficit of income over expenditure 145.554) {10.1491 14
Epsom Parochial Charities Income and expenditure account for the year ended 31 st December 2023 Almshouse Branch Accounts Account 1 Account 2 Imary Dundas H(MJsel 2023 2022 A£nt 3 Totsl {Fairholmel 2023 2022 (Rest Cottage) 2023 2022 2023 2022 Income Maintenance Contributions Donations and Grfts 27.881 18.939 32.692 30.756 27.146 24,363 87.719 74,058 2,440 3.200 3.753 5.106 2,491 580 8,684 8,886 30.321 22.139 36.445 35.862 29.637 24.943 96.403 82,944 Less axpenditurn Property Management 5.778 Repairs, dec(Iralions and Maintenan 9,074 Insurance premiu¥ns1.093 Electricity 4,645 Gas 6.337 Window de8ning Water rates Council tax The Ajmshouse Association Govemance costs Gift5 to residents Depreciation.. Freehold property 6.080 Furniture and equipment 3.963 8.367 6.063 6.358 4.363 20,503 14,389 4.928 11,250 10.315 11.453 1.341 1.261 1.166 1.261 2.401 6.519 4.066 6,451 4.107 10.254 6.596 10.915 550 79 4,169 31.777 19.412 1,166 3,615 3,673 3.1 17,615 9,528 5,261 27.506 15,964 550 2.040 1.650 202 945 1.543 667 1.262 (271 75 122 75 233 7.587 2W 4.544 10,356 4.544 250 6.462 4,544 24.405 13.632 250 750 400 6.080 2.7N) 2.700 4,729 13.509 13.509 24 24 42.224 29.317 51.701 36.309 48.997 28.386 142,922 94.012 Deficit of income over expenditure {11.903) {7.1781 (15.2561 1447) 119.360} (3.4431 (46,5191 111.068} 15
Epsom Parochial Charities Income and expenditure account for the year ended 31st December 2023 Epsom Advancement in Life Charities 2023 2022 Educational Charity of John Braynè and Elizabath Culling Interest on investment- C.O.l.Fund Elizabeth Culling John Brayne 40 1.188 922 White and ElMje 1,228 Interest on invesbnenl- C.O.l_ Fund C.O.l.F. Chartties deposit account 317 147 422 456 John Brayne Charity Net incomel(deficttl Ipage 171 527 1,040 Other incorne Transfer from Relief in Need Charity 1.913 Les5: Expendlture 2,774 Donations for advancernt in lrfe.. Via Ctrtizens Advi Burea Total donations Governan costs 603 454 454 Excess of income over expenditure 1,310 2,320 16
Epsom Parochial Charities Income and expenditure account for the year ended 31st December 2023 Epsom Advancement in Life Charities 2023 2022 John Brayne Charlty Income Interest on investmenl- C.O.l.Fund 1.642 2.186 1.642 2.186 Less: Expendlturo Govemance costs 603 454 603 454 1,039 1.732 Allocation of incoffle Vicar of Epsom- 215 512 692 Excess of income over expenditure transferfyd to page 16 527 1.040 17
Epsom Parochial Charities Income and expenditure account for the year ended 31st December 2023 Epsom Relief In Need Charity 2023 2022 Income Interest on invesknents- C.O.l. Fund Elizabeth Evelyn Woikhouse Field hrfary Wallinglon Jane Rowe Elizabeth Chilcole Church Haw Sir James Alexander Elmslie's Eleemosynary Charity Elizabeth Culling Relief In Need Chartty John Castledine Roll Relief in Need Charrty 155 159 19 35 207 211 25 47 48 538 319 425 70 127 169 1,790 Interest on investment- N.A.A.C.l. Fund Mary Dund8s Relief In Need Chartty Interest on deposit- Workhouse Field Grant from Henry Smrth Charity 6.727 6,196 10,116 9,914 18.192 17,905 Less: Expendituro Direct donations lo Citizens AdvK* Bureau Payments made directly to )ntraCtorS 10.387 Total grants Govemance costs 10.387 4.816 9.454 3,634 15,203 13.088 2.989 4.817 Transfer - Almshouse Chartty - Advancement in Lrfe Charibes 50 180) Excess of income over axpgndltu 2.989 4,737 18
Epsom Parochial Charities Schedule of investments at 31 st December 2023 ShareholdiTVJ C.O.I.F. NAAC.I.F. Charity Epsom Almshouse Charlty 832 501 166 501 176 12.879 2,203 1,127 2,593 Samuel Cane Langley Brackenbury George W. Slorey Margarel Knipe Grft of Jamian and Sarah Hope Elizabeth Butcher Ann Shears 8ther Emma Butcher Nellie James Mary Dundas Land Sale Stanley Longhur5t Mary Dundas Amshouse Charity Parochial Almshouse Charity 1.310 Extraordinary Repair Fund - Accumulation shares 949 4.611 Epsom Advancement in Life Charities John Braype Charity EdLJcalional Charity of John Brayne and Elizabeth Culling 4294 John Brayne 77 1.920 Elizabeth Culling John Brayne White and Elmslie Epsom Relief in Need Charity 381 389 Elizabeth Evelyn Workhouse Field Mary Watling Jane Rowe Elizabeth Chilcote Church Haw Sir James Alexander Elmslie Elizabeth Culling John Castledine Roll 87 89 992 92 Elm51ie's Eleemosynary Chanty 783 Elizabeth Culling Relief in Need Charity 129 John Caslledine Roll Relef in Need Charity 311 Mary Dun¢Jas Reli8f in Need Charsty 1TT.018 11.316 207.7 Income shares AccumulatNM shares 10.367 202.396 949 4.611 11.316 207.(K17 19
Epsom Parochial Charitles Schedule of investments (continued) at 31st December 2023 All the ave stcKks and shares a invested in the Charities Offtial Investmenl Fund IC.O.I.F.l or National ASslatIon of Mmshouses Common Investment Fund IN.A.A.C.I.F.). In addition the Charibes h(d 100 ordinary shares in Banco Santander which were receiv1 free of charge. Note- Extraordinary repair fvnd During 2012, 427 C.O.l.F. Accumulatron sha were sold in order to pay legal fees, and during 2015, a further 433 shares were sold for the same purrM)se. During 2016, 259 shares were sold,. during 2017. 273 shares were sold., during 2019. 212 shares were sold in order to meet various (x)sts- and during 2022, a further 68 shares were 501d in order to fvnd repairs and equipment purchases. The lolal of 1,080 C.O.l.F. Accumulation Shares remaining represerts part of the cumulattve investment of £360 per annum from the Epsom Mmshouse Charity bets¥een 1971 and 1992, and £120 per annum belween 1993 and 19. The 4.841 N.A.A.C.l.F. Accumulation Shares MpriSe the annual illvestmenl of £847 tEtween 19TT and 1991 in the Epsom Relief in Need Charity. This is to reimburse the encashment of shares held by the Mary Dundas Chartty which realised £18,417 in 1976. to finance building expenditure at $8 Upper Hh Street. This propety Wds subsequently sold in 1W. The market value oflhe ave sh8res was.. 2023 2022 949 4,611 C.O.l.F. Accumulation shares NAA.C.l.F. ACmlation shares 253,464 528.430 238,311 510,875 781,894 749,186 20