**SUNNINGHILL PAROCHIAL CHARITIES** Registered charity number 203452
## **REPORT AND FINANCIAL STATEMENTS 2025**
**FOR THE YEAR TO 31 DECEMBER 2025**
## **SUNNINGHILL PAROCHIAL CHARITIES TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2025**
The Trustees present their report with the financial statements of the charity for the year ended 31 December 2025. The accounts have been prepared in compliance with Charity Commission guidance.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
Registered with the Charity Commission, the charity was incorporated in 1894 by the amalgamation of a number of smaller charities in the Sunninghill area. The charity is controlled by the Board of Trustees, which consists of: the priest in charge of the parishes of St Michael & All Angels Sunninghill and All Souls South Ascot; an appointee from the Royal Borough of Windsor & Maidenhead Council (RBWM); and usually 6 other volunteers. New trustees are appointed by the Board from suitable people living or carrying out business in or near Ascot, Berkshire. The Trustees elect/re-elect a chairman and treasurer each year. The Trustees hold meetings semi-annually and keep in contact as is necessary throughout the year.
Trustees in 2025 were:
Mr N Tetchner - Chairman Mr C Chermside (to 21/2/25) Revd T Jordan Mr G Anderson JP - Treasurer Dr L Evans Mrs R Turner Mrs D Lawman - Secretary Mr N Green Ms T Shreeve (from 1/4/25) During the year, the trustees were saddened by the death of Cliffe Chermside, who had given many years of service to this charity. Ms Tessa Shreeve, whose mother is one of the Cheapside residents, volunteered to assist in any way she could. She was duly elected a trustee at the April 2025 Board meeting.
## **OBJECTIVES AND ACTIVITIES**
The objective of the charity is to provide subsidised housing for local elderly and needy people of good character and limited resources. The charity holds in trust, administers and maintains the five properties and grounds at 55 Cheapside Road, Ascot and the four at 5–11 Victoria Road, South Ascot for the use of its appointed residents. When there are vacancies, the Trustees aim to appoint residents to the almshouses in accordance with the charitable objectives. In the case of equal eligibility, priority is given to applicants who have or have had ties with the Ascot area and contributed in a positive way to the community. The charity is a member of the Almshouse Association and aims to follow its guidelines.
## **ACHIEVEMENTS AND PERFORMANCE IN 2025**
The 2024 accounts, after an independent examination and approval by the Trustees, were submitted to the Charity Commission in good time.
No major refurbishment of the properties was carried out during 2025. Large sums spent on maintenance included £2,365 on fencing at Victoria Road; £2,058 on clearance of roof moss on Cheapside properties; and £3,120 on tree surgery at the rear of Cheapside gardens related to electricity cable crossing SPC land supplying neighbouring properties.
The Weekly Maintenance Contributions for all nine residents were reviewed in October and will be increased in 2026 according to the previous agreed formula of RPI plus 2%. Due to a rise in inflation once more this equated to 6.4%. In addition, a supplement is applied with the target of equalising several WMC’s to a single more realistic rate. It is on target to be completed in 2028.
It still remains the opinion of the Board that WMC levels remain low in comparison to other similar sized almshouse charities in the area. It is the aim to build up sufficient reserves to provide for further major expenditure and ensure the long-term financial security of the charity. No adverse comments have been received from the residents, who still appreciate the hard work of the trustees.
We welcome enquiries regarding applications for future vacancies and from volunteers who may be able to assist the charity by becoming trustees.
Norman Tetchner Chairman
Page 2 of 9
## **SUNNINGHILL PAROCHIAL CHARITIES**
Registered charity number 203452
## **Summary Accounts for period 1 January to 31 December 2025**
|**INCOME FROM CHARITABLE ACTIVITIES**
WMCs Cheapside
Cheapside energy supplements
Equalization supplements Cheapside
WMCs VR South Ascot
Equalization supplements VR South Ascot
Other income (SSEN)
Barclays Bank compensation
**TOTAL INCOME**
**EXPENDITURE - CHEAPSIDE PROPERTIES**
Buildings Insurance
Electricity
Gardening
Gas
Gas equipment service & safety
Gutter cleaning
Refurbishment work
Repairs & maintenance
Water
Window cleaning
Other expenses
**EXPENDITURE - VICTORIA ROAD PROPERTIES**
Buildings Insurance
Electricity
Gardening
Gas
Gas equipment service & safety
Gutter cleaning
Refurbishment work
Repairs & maintenance
Water
Window cleaning
Other expenses
**TOTAL PROPERTIES EXPENDITURE**
**GENERAL ADMINISTRATION EXPENDITURE**
Stationery & Postage
Subscriptions & Fees
TV licences
Sundry expenses|**2025**
**£**
19,677
2,978
624
14,431
756
728
0
**39,194**
655
325
4,794
2,773
120
100
0
4,784
2,393
120
0
16,064
839
0
1,354
0
624
55
0
4,242
1,500
120
0
8,734
**24,798**
6
353
30
40
**429**|**2024**
**£**
16,664
2,900
756
13,001
756
0
45|
|---|---|---|
|||34,122|
|||635
262
1,099
2,519
120
165
0
1,078
1,782
200
311|
|||8,171|
|||813
0
1,016
0
0
55
17,301
12,774
1,092
160
0|
|||33,211|
||||
|||**41,382**|
|||20
196
318
85|
|||619|
Page 3 of 9
## **SUNNINGHILL PAROCHIAL CHARITIES**
Registered charity number 203452
## **Summary Accounts for period 1 January to 31 December 2025**
|**CHARITABLE ACTIVITIES SUMMARY**
WMC income
Cheapside Energy Supplements
Equalization Supplements
Cheapside expenditure
Victoria Road expenditure
General administration expenditure
Other income (SSEN)
Barclays Bank compensation
**Operating Cash Surplus / (Deficit) for year**
**INVESTMENT INCOME**
CCLA Deposit Fund interest
Barclays Premium Account interest
Land Rental income
M&G dividends Charifund income units
M&G dividends CHMAF income units
**TOTAL OPERATING SURPLUS /(DEFICIT FOR YEAR)**|…continued
**2025**
**2024**
**£**
**£**
34,108
29,666
2,978
2,900
1,380
1,512
(16,064)
(8,172)
(8,734)
(33,211)
(429)
(875)
728
0
0
45
**13,967**
**(8,135)**
773
365
30
110
1,560
1,560
4,768
4,541
4,478
4,267
**11,608**
**10,843**
**25,575**
**2,708**|…continued
**2025**
**2024**
**£**
**£**
34,108
29,666
2,978
2,900
1,380
1,512
(16,064)
(8,172)
(8,734)
(33,211)
(429)
(875)
728
0
0
45
**13,967**
**(8,135)**
773
365
30
110
1,560
1,560
4,768
4,541
4,478
4,267
**11,608**
**10,843**
**25,575**
**2,708**|
|---|---|---|
|||**(8,135)**|
|||365
110
1,560
4,541
4,267|
|||**10,843**|
|||**2,708**|
||**MOVEMENT IN FUNDS 2025**|**MOVEMENT IN FUNDS 2025**|**MOVEMENT IN FUNDS 2025**|||
|---|---|---|---|---|---|
||||**Total**|||
||Alms|Extraordinary|**Restricted**|General|**Total**|
||houses|Repair Fund|**Funds**|Fund|**Reserves**|
||£|£|**£**|£|**£**|
|**Funds as at 31 December 2024**|1|160,848|**160,849**|56,070|**216,919**|
|Cash Operating Surplus/(Deficit)for 2025 per P&L||||25,574|**25,574**|
|**Funds as at 31 December 2025**|**1**|**160,848**|**160,849**|**81,644**|**242,493**|
|_Differences against Balance Sheet due to_||||||
|_rounding_||||||
Page 4 of 9
## **SUNNINGHILL PAROCHIAL CHARITIES**
Registered Charity number 203452
## **BALANCE SHEET as at 31 December 2025**
|Note
**FIXED ASSETS**
Tangible Assets - Almshouses
2
Investments at book cost
3, 4 & 5
**Total Fixed Assets**
**CURRENT ASSETS**
Cash accounts
6, 7
**Total Current Assets**
**TOTAL ASSETS**
**THE FUNDS OF THE CHARITY**
**Restricted Funds**
Almshouses
Extraordinary Repair Fund
**TOTAL RESTRICTED FUNDS**
**Unrestricted Funds**
General Fund
**TOTAL CHARITY FUNDS**|**2025**
**£**
**1**
**199,207**
**199,208**
**43,285**
**43,285**
**242,493**
**1**
**160,848**
**160,849**
**81,643**
**242,492**|**2024**
**£**
**1**
199,207
199,208
17,710
17,710
216,918
1
160,848
160,849
56,853
217,702|
|---|---|---|
The financial statements and the notes that form an integral part of the statements have been approved by the Board of Trustees, were authorized for issue and were signed on behalf of the Board on 21 April 2026 by:
Norman Tetchner Chairman
Gordon Anderson JP Treasurer
Page 5 of 9
## **SUNNINGHILL PAROCHIAL CHARITIES NOTES TO THE ACCOUNTS for the year ended 31 December 2025**
1. The accounts have been prepared in compliance with the Charity Commission guidance for charity reporting and accounting using the Receipts and Payments method and under the historical cost convention. Income is recognized on receipt; invoiced expenditure is recognized when paid, with appropriate bank account reconciliation.
2. As all the nine dwellings are owned outright and are designated almshouses, they are considered to be inalienable assets and are shown in the balance sheet at a written down value of £1. No accurate records remain of their original costs. The buildings and landlord’s contents are insured for a total of £2,055,024 (of which buildings are £2,001,719 and contents £53,305). In 2024, the total sum insured was £1,988,602.
3. The Trustees maintain the Extraordinary Repair Fund (ERF) as being restricted in accordance with the trust deed for expenditure on major refurbishment or improvements to the properties. Investments are sold when funds are required, as no separate ERF cash account is maintained. The ERF capital is deemed to be restricted and the income from the investments now held deemed to be unrestricted.
4. In 2018 transfers to the Extraordinary Repair Fund were utilized to purchase additional investments. The amounts transferred were considered adequate to cover both the compliance oversights in prior years as well as this obligation until 2038, subject to inflation, as measured by RPI in August, remaining at an average of approximately 5% over the period of 20 years, in order to remain fully compliant with requirements set out in the trust deed.
5. Investments held are shown in the balance sheet at historical book cost. All are fully regulated funds, professionally managed and highly liquid, permitting the Trustees easily to invest or, if required, to sell to raise funds to maintain or improve the properties for the benefit of residents. Investment income is recognized on receipt. The bid price of each fund has been used to calculate the market value as at 31 December 2025.
|**SCHEDULE OF INVESTMENTS**
**RESTRICTED CAPITAL**
**Extraordinary Repair Fund**
COIF Investment Fund acc units
M&G CHMAF inc units
**UNRESTRICTED**
**General Fund**
M&G Charifund inc units
**TOTAL INVESTMENTS**|**2025**|Book
Market
Cost
Value
£
£
63,854
236,214
96,994
108,963
160,848
345,177
38,359
87,156
38,359
87,156
**199,207**
**432,333**|**2024**||
|---|---|---|---|---|
||Holding
924.390
105,360.048
5,045.104||Holding
924.390
105,360.048
5,045.104|Book
Market
Cost
Value
£
£
63,854
240,910
96,994
97,806|
|||||160,848
338,716|
|||||38,359
74,284|
|||||38,359
74,284|
||||||
|||||**199,207**
**413,000**|
con%nued…
Page 6 of 9
## **SUNNINGHILL PAROCHIAL CHARITIES NOTES TO THE ACCOUNTS for the year ended 31 December 2025** (continued)
6. Cash sums are held in two separate accounts with Barclays Bank. Such sums are deemed part of the General Fund and consist of income from the Weekly Maintenance Contributions and all investment income received. Such funds are used to cover normal expenditure on maintenance and other expenses of running the charity.
7. In addition to the Barclays Bank Accounts, advantage was taken of the availability of a deposit facility with the CCLA Deposit Fund in order to improve significantly the rate of interest earned on cash deposits that are required to maintain adequate funds for payment of property maintenance invoices. The account was opened in May 2024 with funds transferred from Barclays Bank. Deposits and withdrawals can be made very easily. Again, the balance is deemed to be part of the General Fund.
Comparative interest rates as at 31 December 2025 were: CCLA 3.84%; Barclays 1.25% AER
|Barclays Bank Current Account
Barclays Bank Premium Savings Account
CCLA Deposit Fund|**2025**
£
6,008
2,277
35,000
43,285|**2024**
£
8,463
2,247
7,000|
|---|---|---|
|||17,710|
8. **Debtor** . One resident experienced some financial difficulty and missed two months WMC payments totalling £784, which has now been repaid in full. In accordance with Note 1 these arrears have been recognized in the accounts.
Page 7 of 9
(HARITY COMMISSION
FOR ENGLAND AND WALES
Independent examinerfs report on the
accounts
Section A
Independant Examiner's Report
R•port to th• trust•881
mgmbgrs of
Sunninghill Parochial Charilies
On accounts for the year
ended
31° Deceml*r 2025
Charity no
(if any)
203452
S•t out on pages
Two to Seven
I report to the trustees on my examination of the accounts of above
charity fthe Trust'l lor the year ended 3111212024
R•sponsSblllt5•8 and
ba$1$ of r•port
As the tharivs trLMteo8. yfA are reskwisible for the preparation of the
a¢counts in acCOrdar with the requirements of thg charrt Act 2011
llhe Aofl.
l port in resF*ci of my examination of the Trust's a¢covnls Carried out
under section 145 ofthe 2011 Ad and in Carrying OLrt my examination, I
have foll(ywed all the awicable Direfxions given by the Charity Commission
under secknon 145151{bl ofthe Acl.
Indopendent I have completed my examination. I confim that no material matters have
oxaminfjr's 8tsternent me lo my attention in conneth'on with the examination which gives mg
cause to bdieve that in. any material rèsF*Ct'.
the accounh'ro records were not kept in accordanc8 with gection 130
of the Charities Ad". or
the accounts did not actknrd wrth th& accounting re¢ords', or
the 8¢¢ounts did not comply with the aWicable requirement8
corwning the fonn and conlenl of a¢¢ounts set out in the Charities
(Accounts and RepNtsI Regulalions 2008 olher than any requirement
that the accourts give a Iwe and fair, view which is not a matter
c£•n3Klered as part of an irKdependènt examination.
I have concerns and have ¢om$ auoss no other matters in connection
with the examination to which attention should tr* drawn in this report in
order lo enable a Fyoper undorslandiThJ of the accounts to ke reached.
Slgn•d:
2nd February 2026
Nam•:
lan Wlliam Ruddick
Relevant professional
qualificationlsl or body
lrfany}:
FeHrMf of the Insbtute of Ch*tere11 Accountarrts in England and Wales
Addresj:
32 W(xxkrf Drive. Ascot. Berkshire, SL5 9BG
IER
Oct 2018
Page8of9
Sectlgn B
Disclosure
Only compl8te rf the examiner needs to h#Jhlight material matters of GOnrn
Isee CC32. Independent examination of charity accounts". directions and
guidance for examiners).
Glv• h•r• brl•f d•tails of
any items that the
•xaminerwishes to
d110.
IER
Oct 2018
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