| Trustees | Mr J Clarke | |
|---|---|---|
| Mrs P Taylor | ||
| MrAJohnston | ||
| Mr W Cade | ||
| Mrs M Chapman | ||
| Mrs S Tingey | ||
| Ms G Payment | ||
| Ms M Clarke | (Appointed 14 May 2024) | |
| Mrs C Johnson | (Appointed 16 January 2025) | |
| Clerk to the Trustees | Mrs Roxanne Johnson | |
| Charity number (England and Wales) | 204548 | |
| Principal address | Jones Court | |
| Great Whyte | ||
| Ramsey | ||
| Huntingdon | ||
| Cambridgeshire | ||
| PE261HW | ||
| Independent examiner | A Newman FCA | |
| Whitings LLP | ||
| 108 High Street | ||
| Ramsey | ||
| Cambridgeshire | ||
| PE26 1BS | ||
| Bankers | Barclays Bank PLC | |
| Market Hill | ||
| Huntingdon | ||
| Cambridgeshire | ||
| Solicitors | Serjeant & Son | |
| 5 Great Whyte | ||
| Ramsey | ||
| Huntingdon | ||
| PE261HE |
| Page | |
|---|---|
| Trustees' report | 1 -4 |
| Independent examiner's report | 6 |
| Statement of financial activities | 7-8 |
| Statement of financial position | 9 |
| Notes to the financial statements | 10- 19 |
| 2024 | 2024 | 2023 | 2023 | ||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| Fixed assets | |||||
| Property, plant and equipment | 9 | 377,885 | 344,755 | ||
| Investment property | 10 | 414,633 | 391,870 | ||
| Investments | 11 | 119,705 | 114,842 | ||
| 912,223 | 851,467 | ||||
| Current assets | |||||
| Trade and other receivables | 12 | 1,698 | 33,846 | ||
| Cash at bank and in hand | 292,111 | 275,410 | |||
| 293,809 | 309,256 | ||||
| Current liabilities | 13 | (20,730) | (16,838) | ||
| Net current assets | 273,079 | 292,418 | |||
| Total assets less current liabilities | 1,185,302 | 1,143,885 | |||
| Non-current liabilities | 14 | (259,997) | (269,580) | ||
| Net assets | 925,305 | 874,305 | |||
| The funds of the charity | |||||
| Endowment fund | 16 | 188,167 | 164,622 | ||
| Restricted funds- Jones Court | 15 | 395,539 | 383,317 | ||
| Unrestricted funds | 17 | 341,599 | 326,366 | ||
| 925,305 | 874,305 |
| Unrestricted | Unrestricted | Restricted | Total Unrestricted Restricted Total | Total Unrestricted Restricted Total | Total Unrestricted Restricted Total |
|---|---|---|---|---|---|
| funds funds | funds funds | ||||
| 2024 2024 | 2024 2023 | 2023 | 2023 | ||
| £ £ | £ £ £ | £ | |||
| Contributions from | |||||
| Tenants | 13,293 | 257,388 | 270,681 13,138 |
235,981 | 249,119 |
| Letting of Guest rooms | 485 | 485 | 1,050 | 1,050 | |
| Miscellaneous | 231 | 231 17 |
89 | 106 | |
| 13,524 257,873 | 271,397 13,155 |
237,120 | 250,275 | ||
| Income from investments | |||||
| Unrestricted | Restricted | Total Unrestricted | Restricted Total | ||
| funds | funds funds funds | ||||
| 2024 | 2024 2024 2023 | 2023 | 2023 | ||
| £ | £ £ £ | £ | £ | ||
| Endowment land rents | 2,018 | 2,018 1,974 |
1,974 | ||
| Investment property rent | 16,955 | 16,955 15,620 |
15,620 | ||
| Dividends on investments 963 | 963 950 |
950 | |||
| Interest receivable 398 | 1,818 | 2,216 109 |
188 | 297 | |
| 20,334 | 1,818 | 22,152 18,653 |
188 | 18,841 |
| Costs of | Costs of | |
|---|---|---|
| activities | activities | |
| 2024 | 2023 | |
| £ | £ | |
| Direct costs | ||
| Staff costs | 41,669 | 39,019 |
| Depredation and impairment | 22,671 | 12,862 |
| Repairs and renewals | 45,430 | 39,509 |
| Cleaning | 2,845 | 2,911 |
| Insurance | 7,365 | 7,242 |
| Cyclical repairs | 41,540 | 60,745 |
| Heating and lighting | 40,337 | 33,053 |
| Water rates | 5,374 | 4,606 |
| Interest on loan from housing corporation | 14,759 | 16,748 |
| Bank loan interest | 10,336 | 9,914 |
| Sundry payments | 2,516 | 2,431 |
| Provision of Clerk's salary | 19,274 | 14,815 |
| Garden maintenance | 6,580 | 8,125 |
| Telephone, Printing, stationery and adverts | 3,400 | 2,622 |
| Accountancy | 4,242 | 3,848 |
| Other charitable expenditure | 1,837 | 1,877 |
| 270,175 | 260,327 | |
| Analysis by fund | ||
| Unrestricted funds | 22,706 | 18,969 |
| Restricted funds | 247,469 | 241,358 |
| 270,175 | 260,327 |
| Support costs allocated to activities | ||||
|---|---|---|---|---|
| General Fund | Restricted | Total | Total | |
| Fund | ||||
| 2024 | 2024 | 2024 | 2023 | |
| £ | £ | £ | £ | |
| Proportion of Clerk's remuneration | 1,331 | 1,331 | 1,169 | |
| Proportion of Clerk's remuneration | 8,306 | 8,306 | 6,238 | |
| Telephone | 3,400 | 3,400 | 2,622 | |
| Postage, printing and stationery | 1,710 | 1,710 | 1,688 | |
| Council tax on units | 127 | 127 | 189 | |
| Accountancy | 638 | 638 | 608 | |
| Accountancy | 3,604 | 3,604 | 3,240 | |
| 1,969 | 17,147 | 19,116 | 15,754 |
| 2024 2023 | 2024 2023 | |
|---|---|---|
| Number Number | ||
| 3 | 3 | |
| Employment costs | 2024 | 2023 |
| £ | £ | |
| Wages and salaries | 29,479 | 27,520 |
| Other pension costs | 884 | 826 |
| 41,669 | 39,019 |
| Property, plant and equipment | |||
|---|---|---|---|
| Freehold land Fixtures | and Total | ||
| and buildings fittings | |||
| £ £ £ | |||
| Cost | |||
| At 1 January 2024 | 1,591,646 | 56,903 | 1,648,549 |
| Additions | 55,800 55,800 | ||
| Less: Housing Association Grant | (1,196,568) | (1,196,568) | |
| At 31 December 2024 | 395,078 112,703 | 507,781 | |
| Depreciation and impairment | |||
| At 1 January 2024 | 72,821 | 34,405 | 107,226 |
| Depreciation charged in the year | 4,177 | 18,493 | 22,670 |
| At 31 December 2024 | 76,998 | 52,898 | 129,896 |
| Carrying amount | |||
| At 31 December 2024 | 318,080 | 59,805 | 377,885 |
| At 31 December 2023 | 322,257 | 22,498 | 344,755 |
| nvestment property | |
|---|---|
| 2024 | |
| £ | |
| Fair value | |
| At 1 January 2024 | 391,870 |
| Net gains or losses through fair value adjustments | 22,763 |
| At 31 December 2024 | 414,633 |
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Freehold Investment Property | ||
| House at 99 Great Whyte, Ramsey - at valuation 31 December 2019 | 160,000 | 160,000 |
| House at 97 Great Whyte, Ramsey - cost 29 October 2018 | 153,633 | 153,633 |
| 313,633 | 313,633 | |
| Tenanted Land held for Investment | ||
| 3.475 acred land, Stocking Fen, Ramsey | 15,000 | 10,425 |
| 4.104 acres land, Ramsey, Forty Foot | 20,000 | 12,312 |
| 5.500 acres land, Ramsey Forty Foot | 27,000 | 16,500 |
| 6.000 acres land, The Hollow, Ramsey | 39,000 | 39,000 |
| Market value 31 December 2024 | 101,000 | 78,237 |
| COIF-lncome Accumulation | COIF-lncome Accumulation | Total | ||
|---|---|---|---|---|
| Shares | Shares | |||
| (Endowment (General | ||||
| Fund) | Fund) | |||
| £ £ | £ | |||
| Cost or valuation | ||||
| At 1 January 2024 | 34,606 | 80,236 | 114,842 | |
| Valuation changes | 782 | 4,081 | 4,863 | |
| At 31 December 2024 | 35,388 | 84,317 | 119,705 | |
| Carrying amount | ||||
| At 31 December 2024 | 35,388 | 84,317 | 119,705 | |
| At 31 December 2023 | 34,606 | 80,236 | 114,842 | |
| 12 | Trade and other receivables | |||
| 2024 | 2023 | |||
| Amounts falling due within one year: | £ | £ | ||
| Other receivables | 1,698 | 1,698 | ||
| Prepayments and accrued income | 32,148 | |||
| 1,698 | 33,846 | |||
| 13 | Current liabilities | |||
| 2024 | 2023 | |||
| Notes | £ | £ | ||
| Bank loans | 5,067 | 4,337 | ||
| Trade payabtes | 3,594 | 3,596 | ||
| Accruals and deferred income | 12,069 | 8,905 | ||
| 20,730 | 16,838 | |||
| 14 | Non-current liabilities | |||
| 2024 | 2023 | |||
| Notes | £ | £ | ||
| Bank loans | 259,997 | 269,580 |
| At 1 January Incoming Resources | At 1 January Incoming Resources | At 1 January Incoming Resources | Transfers At 31 | Transfers At 31 | |
|---|---|---|---|---|---|
| 2024 | resources expended | December | |||
| 2024 | |||||
| £ | £ | £ | £ | £ | |
| Jones Court - General | 74,448 | 257,873 | (245,280) | 9,944 | 96,985 |
| Jones Court - New Building | 119,760 | (2,189) | 117,571 | ||
| Jones Court - CMF | 189,109 | 1,818 | (9,944) | 180,983 | |
| 383,317 | 259,691 | (247,469) | 395,539 | ||
| Previous year: | At 1 January | Incoming | Resources | Transfers | At 31 |
| 2023 | resources | expended | December | ||
| 2023 | |||||
| £ | £ | £ | £ | £ | |
| Jones Court - General | 68,657 | 237,121 | (239,169) | 7,839 | 74,448 |
| Jones Court - New Building | 121,949 | (2,189) | 119,760 | ||
| Jones Court - CMF | 196,761 | 187 | (7,839) | 189,109 | |
| 387,367 | 237,308 | (241,358) | 383,317 | ||
| ndowment funds | |||||
| These are endowment funds | which are material to the charity's activities. | ||||
| At 1 January | Gains and | At 31 | |||
| 2024 | losses | December | |||
| 2024 | |||||
| £ | £ | £ | |||
| Endowment Fund | 164,622 | 23,545 | 188,167 | ||
| Previous year: | At 1 January | Gains and | At 31 | ||
| 2023 | losses | December | |||
| 2023 | |||||
| £ | £ | £ | |||
| Endowment Fund | 161,710 | 2,912 | 164,622 |
| At 1 January 2024 |
Incoming resources |
Resources expended |
Gains and losses |
At 31 December |
|
|---|---|---|---|---|---|
| 2024 | |||||
| £ | £ | £ | £ | £ | |
| Relief in Need & Almshouse | |||||
| General Funds Atmshouse Cyclical |
210,608 | 3,611 (2,456) | 211,763 | ||
| Maintenance Fund | 35,522 | 30,247 | (20,250) | 45,519 | |
| Atmshouse Extraordinary Repair | |||||
| Fund | 80,236 | 4,081 | 84,317 | ||
| 326,366 | 33,858 | (22,706) | 4,081 | 341,599 | |
| Previous year: | At 1 January 2023 |
Incoming resources |
Resources expended |
Gains and losses |
At 31 December |
| 2023 | |||||
| £ | £ | £ | £ | £ | |
| Relief in Need & Almshouse | |||||
| General Funds | 200,812 | 3,050 | (2,115) | 8,861 | 210,608 |
| Almshouse Cyclical | |||||
| Maintenance Fund Atmshouse Extraordinary Repair |
32,479 | 28,758 | (16,854) | (8,861) | 35,522 |
| Fund | 71,403 | 8,833 | 80,236 | ||
| 304,694 | 31,808 (18,969) | 8,833 | 326,366 |