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|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||





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||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|





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|||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|





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|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<br>13,138|235,981|249,119|
|Letting of Guest rooms||485|485|1,050|1,050|
|Miscellaneous|231||231<br>17|89|106|
||13,524 257,873||271,397<br>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<br>1,974||1,974|
|Investment property rent|16,955||16,955<br>15,620||15,620|
|Dividends on investments 963|||963<br>950||950|
|Interest receivable 398||1,818|2,216<br>109|188|297|
||20,334|1,818|22,152<br>18,653|188|18,841|





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||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|



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|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|





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||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|



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|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|





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|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|





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|||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|





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||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|



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||At 1 January<br>2024|Incoming<br>resources|Resources<br>expended|Gains and<br>losses|At 31<br>December|
|---|---|---|---|---|---|
||||||2024|
||£|£|£|£|£|
|Relief in Need & Almshouse||||||
|General Funds<br>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<br>2023|Incoming<br>resources|Resources<br>expended|Gains and<br>losses|At 31<br>December|
||||||2023|
||£|£|£|£|£|
|Relief in Need & Almshouse||||||
|General Funds|200,812|3,050|(2,115)|8,861|210,608|
|Almshouse Cyclical||||||
|Maintenance Fund<br>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|