FULBOURN ALMHOUSES FINANCIAL STATEMEKfs FOEi THE YEAR ENDED 3 1ST DECEMBER 2024 CONTENTS AND CHARITY INFORMATION coNrEbFrs PAGE.. Tru5Lees Annual Report Indep¢nd¢nt Examin¢r$ Report Receipts and Payments Accounts Statemellt of AsSS and Liabi]ities Notes lo the Finau¢ial Stat¢m¢llts TRUSTEES.. RotMld Ward Jamcs Stslley Rtchard Townley Alice Goodman Julian Mair LytLda liord¢n Derek Thorn PRtNCIPAL ADDRESS.. 90 PÉer¢e Lane Fulboum Carnoridge CB215DL CI.IARITY NUMBETL. 202325 INDEPENDENT EXAMfMER: lan W Shipley FCCA For and on behatf of: Prentis & Co L Chartered Accountants & Indepettdent EI[ler5 115c Milton Road Canibridge CB4 IXB Chaplin for Inmates (202325-1)
FULBOURN ALMHOLSES PAGE I FINANCIAL STATEMENTS FOR TFIB YEAR ENDED 3 1ST DECEMBER 2024 TRUSTEES, ANNUAL REPORT The truste¢$ present tlLeir report that bad been prepared under the ttteipts payments basis ill accordance with the Charities Act 201 l arLd guidance issued by th¢ Charity COmmilon. STRUCTURE GOVERNANCE AND MANAGEMEprr The charity is an unillcorpordted tDJst. constituteAi under a tnLrf deed dated 1962. Governance is se¢ out in the rules ofthe charity. Tbe mdweneni of Fulbourn Ainthouses i5 undertaken by a Board of Trllstees of seven eMbers. TFLe Board meets regularly and the Board agrees the broad strategy and rates of activity for the tsusL inclllditig consideration of reserves and risk management policy and perforrnance. The Board keeps Und review the skilt reqUireents of the Trn. It ¢r¢sures that tn the event that a Board rneTnber pertnanently retires or additional members are required that wniial Bo&rd memkrs will be able to contribute towards achieving the charity's objectives. Risk Management The Irusie¢s hav¢ 8 risk management siategy which comprises: an annual review of risks the chartty llY face.. the establishment of systems and procedures to miiigate those risks ideDtified in the plan.. alld die tinplementation of procedures desied to Jninimise any porential inumct on the ¢F4arity should those risks materialise. The reviews during the year identified no sig]ificat)t risks but where tDinor risks were idetttified procEdures designed to tnillimise ttLes¢ have been implemented. A key element in th¢ management of finftllcial risk is the setting of a reserves polL¢y and its regular reNiew by trnstees. OIIJECTIVES. AcrIvrrtES AND PUBLIC BEhTFIT To provide Altnhousea for pr people of good ¢harncier who have been rrnidcnt in the ancient parish of Fulboum for not less than two years pre¢¢ding the ttme of appointmenL ACHIEVEMENTS AP47) PERFORMNCE During the year the Trust continued to proyide Aimhouses and nmintsin thern. FINANCIAL REVIEW The deficit for the year aoUnted to £1,777 (2023- surplus £19,795), as shown on page 4. The twstee5 consider the results reasonabl¢ light of tst activilie5. The attached accounts hY4ve been prepared on a receipts and payu)ents basis following the guidance foi. accounting for smaller charities issued by the Charity CommA&sion.
FULBOURN ALMHOUSES FtNANCIAL STATEMENFS FOR THE YEAR ENDED 31STDECENtBER2024 TRUSTEES, ANNUAL kEPORT ......... .. cowr STATEMEpfr OF TRUSTEES RESPONSIBILITtES The tnte¢S are resy)nsible for preparing tbe TnLStees' RetM)rt and the finallcial stateme]Lts in accordance with applicable law and Ltiited Kingdom Accounting Standards. The law. appIlb]e to chariti¢i in England aTLd Wale5 requires the ljwt¢es io prepare fJnaJJcial 5tatemcThts for ¢ach financial year which giie a ttue at)d fair view of state of the affasrs of the ciwity and of incotning resources and application of resources of the c])arity forthat period. tn prepIllg these finallci Stateents, the trustee5 are r¢qllir¢d to.. {1} Select suifable ac¢ounting policies and then apply them con5iStently. Observe the method5 and principles of the Charitiei Act 2011. Make judgements and estitnates that aTe rea3Dnabl¢ aud prudcnt. State wlkether applscable accounting staNldS and s¢atemeats of rccommeTLded prnctice have been followed, subject to any departt disclosed and-xplained in the fi[1claI statements. Prepare the ftnancial ststemeuts on the going concern b&si5 unle55 It is iuappropriate to presume that the cEthrity will colltillue in op¢ratiotL (ui) (iy) (vl The trL]5tees kre responsible for keeping proper accounting records which disclose with onable accuracy at any ti]n the financial positioll of the rbarity and to enable them to eLsure tIRt the fillancial stataneut5 nlY with the Charities Act 2011. the Chartty (Accounts and Report) Regulations 2008. They are also responsible for safegLthing the assets of the charity atkd hence for tsking re&sonable steps for the preventio)I and detection of fraud and other irregularities. Tlke Named Trnst¢es who were tsustees forthe pur of charity law and setved during the year and up to date of this report were as follows: R Ward J Stalley R Townley A Goodmart J Mair L Norden D Thorn APPROVAL The report wa5 approYEd by the trustees on and signed on their behalf ID[061kn J STALLEY TRUSTEE
FULBOURN ALMHOUSES PAGE 3 FINANCTAL STATEMENTS FOR THB YEAR ENDED 3 1ST DECEMBER 2024 INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF FULBOURN ALMSHOUSES I report to the trnstees on my examination of the accounts of Fulbourn Alrnhou5¢5 for ¢b¢ year ended 31 De¢¢mber 2024, which are set out on pagEs 4 to 6. RBSPONSIBILITIBS AND BASIS OF REPORT As the charity trustees of the Tnt you are resFM)nsil)l¢ for the prepaiation of the accounts tn aecordance with the requirements Df the Chariti¢s Act 2011 ( the Act"). I report in respect of my examination of the Trustee's accounts catried out under s.145 of the 201 l Act and in carying out my examination I have followed ail th¢ appli¢able DirectiDns given by the Charity Com18s1On utjder s.145(5)(b) of the 201 l Act. INDEPENDEYt EX4MINERS STATEMENT I h&v¢ COpIete my ¢xamiThation, I confirm that llo Tll8tErial matters haye come to my attentiott in Con¢t10Th with the examination giving tne cause to believe that in any tnateri1 reipeet: -l accounting record5 were not kept in respect of the Trust &% Tequired by s.l30 of th¢ A¢L or -2 the accounts do not ac¢ord with those records. I have no concerns and have come across no other matters in conllecttOD with the exarnina'ion to which Atte]Jtion should be drawn in this report fft order to enable a proper understauding ofi the accounts to be reached. IAN W SHIPLEY FCCA FOR AND ON BEHAtF OF. PREYtIS & CO LLP CHARTERED ACCOUNFAKrs & INDLPLf%DEFtt EXANItNERS 1150 Milton Road cbridgE CB4 IXB
FULBOURN ALNfHOLSES PACB4 FtNANCTAL sTATEmE[s FOR THE YEAR ENDED 3 1ST DECEMBER 2024 RECEIPTS AND PAYMENfs ACCOUNTS 2024 Totsl 2022 Total RECKllryS Receipts from generated funds: Rents received Interest re¢eiYed 35,176 2.569 33,666 TOTAL RECEIFrs 37,745 33,666 PAYMEI Ts Charltable actlvltffi Rates Lnsurance Repairs and maititcnance Gardening Subscriptions Alarn)s Clerk honorarium expen5e5 Suttdry expenses TOTAL PAYMENTS 944 1,501 31,915 1,909 343 849 1,050 1,454 1,473 7,378 983 196 627 1.04)0 760 13,871 NET RECEiwrs (1.7771 19,795 The receipts and pallents accounts include all Wdtns attd Iossts wi5ed the year. All r¢c¢ipts and pa)qnents derive frotn continuing activities. Th¢ not¢s on page 6 form part of these fllwicial ststements.
FULBOURN ALNIHOUSES PAGE 5 FINANCIAL STATEklETrrtS FOR TEIE YEAR ENDED 3 1ST DECEMBEK 2024 STATEMENT OF ASSETS AND LIABtLrfiES 2024 2023 CASH FUNDS Cash at bank 101,974 IOi,751 103,751 TOTAL CASH FUNDS 101,974 These f]nancial stateneTJts were approved by the Tntstees on and signed ory its behalf. 5 STALLEY TRUSTBE
FULBOURN ALMHOUSES FtNANCtAL STATEMENTS FOR THE YEAR ENDED 3 1ST DECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS ACCOUNTING POLICIES (a) B.dSIS OF PREPAL4TION OF FNANCIAL STATEMEwrs The financial statements have been prepared under the receipts and pa)Tr¢nts basis in a¢wrdanc¢ with the ChleS Act 201 l and gutdance i55ued by the Charity Commission. Fulbourn Aluthous¢5 meets the definition olpublic b¢D¢fii ¢ntity. (b) RECEIPTS All r¢¢¢ipts ar¢ recognised in the receipts payin¢nts acwunts oll & b&sis. (c) PAYMENts All payments are accounted for OD a c&sh basis.