The Holdway Almshouse Charity Charity number 20419J Annual Report Year ended 31 December 2024 I IiÉ:tfii RcbJis*r¢d 0￿•Ce. 37 Charlts)n Ro&1. A￿ver. Flants SPIO 3JFI The Holdway Almshouse Charity Annual Report Year ended 31 December 2024 ## Table of Contents _**Trustees'**_ **Report ...............................................................................................................** _**1**_ **Trustees during the year .......................................................................................................... 1 Governing document ............................................................................................................... 1 Appointment of trustees .......................................................................................................... 1 Objects and activities ............................................................................................................... 1 Achievements and performance during the year ....................................................................... 2 Reserves policy ........................................................................................................................ 2 Financial review ....................................................................................................................... 3 Declaration .............................................................................................................................. 3** _**Receipts and Payments .................................................................................................... 4 Statement of Assets and Liabilities ................................................................................... 5 Notes to the Financial Statements .................................................................................... 6**_ **Note 1: Investment assets ....................................................................................................... 6 Note 2: Designated funds ........................................................................................................ 6** _**Independent Examiner's**_ **Report ....................................................................................... 7** The Holdw￿, Almshousc Charit), Annual Rcp)rt Year ended 31 D￿ern￿ 2024 Trustees, Report Trustees durin8 the year l)aft L ulle).. nominalii'e tru￿ee aP￿in1¢d b). Si Mary lJounK Parish Council. Resigned Iwiron Juli. ?0?" Sandrd (iTunscll. Iru51cc (ilcndu Mew. in￿1¢¢ Penn!. W'(KyJ. nominaiii'¢ tyust¢e app)in*d ￿. Si MaTh' Iloume Parish Council. NtOm1n￿td as chair 21 Juli. 20?*. Rcsis￿d as chair on 2V June 202$ Joann¢ Ex4lb)'. (Chair) trus1￿. aMx)in1￿ I l Dcccmtv ffj?3. Nomirnicd &5 ¢haiT ?P Junc 20?5 Governin8 document The I lold*ay Almskk)use Charity is Con￿lIu1¢d b>. the Scheme dated 12 January, 1984. as b). Schcmc daicd )8 .4wil 1997. as amendd on 161)ecember 2021. The Trt￿l is a reyistered clwiiy. numkn 2(H19i. Appointment of trustees Th¢r¢ are fiv¢ 1nisiL￿." noMin￿ed ￿, Si .Mar)' Boum¢ Parish Council ￿{ thffe co￿1*¢d. l)ail)' businw is carried oui by a w-lime. Salari￿ CI¢Tk iruAtt& r¢p￿Ing lo t C hair of Durinb, the linanLial )'ear this rolL uui M, Kiith%' I lan￿. Th¢ SchLmK rcquircs a minimum of tru￿¢¢ mcdings a )ear. Obiects and aciivilies Thc InL￿ PTOi'idcs rcsidcnlial accomm(Ntsiion for n¢¢d)' m¢D and w"om¢n ol-good character tho hai'l altsin￿ lh¢ ag¢ of 55 aTrJ arr I￿•d¢n1 ai ihc iinK of ap￿inim¢nl in ihe parish of Si lar•. llouff￿. lThe iTuiI (jr¥k. ? li5*d w'rrx¥ ol" lour 5¢1r-wn￿lmj almsho￿¢$ lo Ca￿ this pur￿￿¢. The almsPM)uses are 1- 414oldw.ay C￿￿8¢S. Si Mar>. Ilowne. The IrU￿ is a mcmiv Almshous¢ AsxYiation aNI of the Housinbb Omlxmlynan The trustees have h*1 due ¥e8ard io the bluida￿e ISS￿%1 ￿. th¢ c￿￿tiV Commi&%ion on public bcnefil in ex¢￿1$1n8 an%. FX)wm and duiics ￿ ￿hleh the Buidance is relei'ani. I lold￿Y AlmShOL￿ Charily Annual Rep(irt Year eth 31 D¢c¢mb¢r ?0?4 Achievements and performance durin8 the year The alnL8hou5¢5 Wtre lull) (Klupied for th¢ ￿'1￿￿k )'¢4T. Thc qUInq￿nn7ul in4xdion w'as carrt¢d oul in Ma). ?￿? A small arnounl ofrcmedial 'a5 idcnlilied as kinb* nLYthd io ik. rwfand Ihis ￿"aS complcied in ihe i'ear. 'lthc Intyic¢s hai'e also d￿,¢10rd a 5-1'rar ¢%'¢li¢al rnainlcnancl prob¥rJmm¢ up to th¢ ncxi quinqu¢nniaJ ins￿¢(10n. All v¢sideni$ were i'isitsd To￿1n¢1Y lo di5CU5s mainwwKe issues aAI (k mana8￿1￿￿1 ofihe almshous￿. Reserves policy Thc tru*¢cs of HoldM•v Almsknus¢ Charity tsk¢ ik i'ie¥A. reserves CSs¢niial io mainlain the on8oing %'iability ol. tIK ¢haTih'. The In￿ mainwins an r.xtsaoTdinaTh Repair Fund. lo fund major repair or refuTbikni on Ihe aImhou￿& and a C Yclical Mainl¢nan¢c FuThJ. io roulinc c)'clical mainicnantt weh s dfforniing. loiili￿ refurbishm¢M and the CO￿ of the qUiT4urnnial insrrtclion. lThe EloldMa)' AlrnshoU￿ Charii%' will toll0￿ ik Almshou5¢ Akgxiulion s ftXMTrmm¢ndcd minimurn amounL% lor iransfcr io the Exlraordinar*' R¢pairs FurKI IE-.RFI and th¢ C%'cliLal NliiiniLnanLL Fund (L"MTr ) ¢&h )'¢ar. Thc5c aTe deSib•nJlL￿ and rwrd¢d y5 Ir¢e reSi'Th,L￿. Accordingl!.. in￿tt5 hai'¢ 4.reed ilkit a sum of £6.47? k tr4n5ferrLbd (rom bpencrnl rcsm'c& £4.016 lo tk Ciclial MainiLnance FWKI and £?.556 lo the I.￿￿￿rdInary Ryir FurKI. R¢￿rid¢d funds ar(. alio e.x¢1￿1(trd from r¢smC5 bul Ihc nalur¢ aThl amouni oran!. such funds ' imp￿1 lh¢ R¢S¢Th.￿ Polirv. wini for cal¢ulaitng ro¢p*'¢S ￿111 norn)allN ihc unr¢striLi¢J funds. part ofilK5¢ ma). noi ￿ rn'adjl%' aiailabl¢ for ¥thlinb? and mav be ex¢ludcd Irom R￿￿5. This *ill L￿gible fix¢d as￿￿ aThl any prosramnK relaial inN'¢31nKnlS. The Holdwiy Almshouse Chwiiy recognises the ￿v¢ suflicieni funds in rexr¥'¢s r¢*JilN" a4'ailable a& or ¢on¥'ertiblc into. c&sh io co%'¢r d41. lo dth" eX￿￿di1ur¢. wiall!. in i VI eni thai i￿rE. is a rcdwlion in Il'%IC incvnK. follo￿7ng Ihc dcrArtur¢ of rn'sidlnis ￿￿ling ncth. residen15 b¢ing apwinid. In ordcr io milibiaic ihis risk.. Ihc inLsl¢¢% hai'L LalLulaiLd thal rr¢L" rrxp+C5 of £17.4￿ Mryld bc needed lo allo￿ rlwilv io operalc for ai leasl 6 monihs. wit1k)￿ inc(vn¢ from WMC. The level ofr¢5mrs will kqx rn'iew ihrouglKArt year bv the TnL%ie Holdu7!, AlmsFM)us¢ Charity Annual Rwrt Y¢ar mkd 31 t)￿¢Mb￿ 20?4 Financial review Th¢ In￿1 h¢ld grncrnl T¢Smts of L?83.IX•5. le&$ the r*(w1v cam'ing l.a1￿ of £20.1 $6. and dL%i¥inaicd fun&s 01" £9i.I18 ai 31 lknemlKY 9024. "IIKYe M'erc no reslriclcd funds ai 31 I)￿emb¢r 2074. r¢KTh'¢5 and designaied funds are held mainly in cash and in￿￿1)ents. Invesimenls are hL'ld M ith AL%•on Cofunds and b). Murdoch ManabTrcm¢nt io proi'il folio M iih a balanccd risk profil¢ and ww1h ini'cqmcni obj¢di%'c Hthich 8cn¢ral¢ a susiainablc ￿luM w hclp (k.li%'Lr objLxts of thL" Lharii>". Th¢ weeklv main￿￿￿¢ Contrib￿10￿$ have historicalli. been sd ai ￿ of the assessed fair rlml. Il rti iLi¥ carried oui in ?O?O b). thc Valuaiion oificl ilb?ImC)', At thcir m¢¢iin¥ on ?2 April ?U? l ilK iTUSlCCS wnsidcr¢d ik ¢ufr¢rn i'aluaiion and agri¢d io hold ¢()nlriiwlions at th¢ s#mL l¢i"¢l lor ilK n¢xi )'cars. Thi.* Tcd￿ ih¢ ¢oniribulions ￿ around 7.syo or Ihe a&¥LT￿d fair tenL The appro￿ An annuol aThl ￿0BleSS aBainA IMIBa ihrouBh ihe %'¢ar. Declaration Th¢ iruskcs de¢larc th￿ th), approvcd alx)i'e trusl¢es le￿rt on * OdobLY ?0?5. Sibrtd on ￿halforth¢ chaTiiy 5 ITu51¢¢5 J-) Iko JoanDL F.¥Llb%' Lhair ol"dk' trUSlLYS Holdw7y Alm5housc ChaTilv Annual RLlXIrt Year 31 IXxLinlKY ?V?4 Receipts and Payments Iksi8naid 1.otal Receipis 'cL"kl%' mainienance contrib￿lOn5 Elcalinbi cnnlribuiion Totsl Receipts Payments Pn¥xrf)'Nl*￿￿i,Y In5uran¢ Wa*r. he￿Ing & comMw￿l pow Vaami rKop¢M.' ¢051s Roulin¢ mainl¢n4n¢¢ & T¢￿115 Lxiraordin4rn r¢lurbi>hmcnl costs - IAndscapiftb TrfQlpro￿r￿'lm￿?p1¢￿s 25.197 1.080 25.197 1.080 1656 ?6.?77 {719) {4.889) (719) 148891 1801) 14.878) (3.932) 15J40) (9.?72) (o) (o 10.884 9.540 5.-740 14.8801 ,Ilunu5¢ Charity Annual Riytyrt Y¢ar cn(Icd 31 t)CLL'mlK'r ?0?4 Statement of Assets and Liabilities Genernl r)esigna*d fuNIs (Nol¢ 2) Tolal funds Cash funds Cash ai bank 78.146 2?J55 I(￿￿.501 Invesiment assets (Note l ) Inve￿ed through .Murth)¢h Awl MaMBcmenl 184 ?05 V_663 256.868 Assets relained for the charity's own use rL'Lhuld Pro￿￿> 20.156 20.156 Totsl assets 8? 507 95.018 377.5?5 'These finuncial sthicments ap￿0￿d by th¢ tr￿￿e¢s on 8 (knolKY 20?5 and ar¢ si8￿d on ihcir ￿haIr b). -L JIMnnL* r..¥clbi' C hair The Holdwil Almsknw¢ Chariiy Annual Rcp()rl Year cnded 311)eLx'mlKY ?0?4 Notes to the Financial Statements Note I: Investment assets CILlical Gcncrnl malnlcna￿C Ex￿￿rdInary lund fuTMI rcpair fund Totsl Val￿ at l Jjnuary ?￿4 174.707 23J04 45.612 243.623 'el Ilows)184ins on re%'aluwion 9.498 1267 2.480 13.245 Markd l.a1￿ ￿ 31 Dckymkr 20?4 ?4.571 48.09? ?56.868 66.197 16.841 19.993 103.031 Note 2: Designated funds C)'cli¢al maini¢roKe Ixirth)rdinllTh' desibinaied fund 'pair l'u￿1 rur Baiance ￿ l January. 20?4 49.018 41.1?1 90.139 TTrtsf¢r from g¢￿iral fuNb 4.016 2.456 6.4n Net pymcnts -5.340 Revdluaiion of ini'estmen 1267 3.747 1141an¢¢ 4131 Dccemi*r 20?4 48.961 46.057 95.018 C45h ￿ bank Ini'¢51menl a ## **Section A** ## **CHARITY COMMISSION FOR ENGLAND AND WALES** ## **Independent examiner's report on the accounts** ## **Independent Examiner's Report** **Report to the trustees/ I members of** The Holdway Almshouse Charity > **On accounts for the year** 31st December 2024 **ended** > **Charity no** 204193 **(if any)** > **Set out on pages** 4 to 6 I report to the trustees on my examination of the accounts of the above charity ("the Trust") for the year ended **31/12/2024.** - Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation 2011 ("the Act"). - basis of report of the accounts in accordance with the requirements of the Charities Act I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. **Independent** I have completed my examination. I confirm that no material matters have **examiner's statement** come to my attention in connection with the examination which gives me cause to believe that in, any material respect: - accounting records were not kept in accordance with section 130 of the Act or - the accounts do not accord with the accounting records I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. **Signed: Name:** F J Wilde j 10/10/25 **Date:** -----' '-I > **Relevant professional** FCCA DChA **qualification(s) or body (if any):** > I ' **-** - ---------------��--��������������--���--� > **Address:** 4 Marigold Drive Sisley Surrey GU24 9SF _1_