LANGLEY MARISH UNrrED CHARITIES ANNUAL REPORT AND UNAUDrrED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
LANGLEY MARISH UNITED CHARMES LEGAL AND ADMINisfRATIVE INFORMATION Trustees DT Eli2abeth Campbell Mr5Josephlne HreV Mr Mark Instont MrsAn8ela rk Mr RaYrnd Lws Mfs Maria Chal D C Iller Mrjohn Whltby Rev C Fèrris IApptslnted 7June 20231 Ch•rfty number 2151824 Independtntexamlner St11 & Company 2 Lake End Court Taplow Road Taplow Mahlenhead Berkshire 5L60JQ
LANGLEY MARISH UNITED CHARITIES CONTENT5 Trustees. report Independent examlnerfs report Statement of financial aCtItieS Balance sheet Notes to the finanual statements 8-17
LANGLEY MARISH UNITED CHARMES TRUSTEES, REPORT FOR ThIE YEAR ENDED 31 MARCH 2024 The trustees presentthr annual report and financlal statements forthe year eTrJed 31 Marth 2024. The financial statements have been prepared in accordan with the accounts pollc(es set out in note I to the financial ststements and comply with the charity's goveming document, the Charities Act 2011 and "Accounting and Reporting bv Charities.. Ststement of Recommended Prattice applicable to charities preparing their accounts in accordance with the Flnanclal Reporting Standard applicable in the UK and RepublK of Ireland IFKS 1021" leffettive l January 20191. Oblertlves and artI¥le5 The primary objective of the Charity 15 to provide social hou5in& at affordable cost, forthe benefit of qualif8 residents. This is achieved thrjgh making available 22 units for CUpatIon. being a mixture of 7 17th Cenry Grdde 2 Listed house5. 4 bun8alows dating from 1955 and 11 tWO-Story flats bult in 1972. The Trustees are anxious that fvll occupation of the properties 15 achieved at all times, thereby achieving the utmost Charitable Public 8enefit. Swift action is tsken to find a new resident as and when any property becomes vacant. There is currently a waiting list of people who wish to be considered for a place. During the financial year two properties became available. with them being vacant for periLxls one and four months - primarity to allow any necessary works of repair improvement to be undertaken. As at 3113124 there wasfvll occupancv. The Charity has been approached by a developer interested in taking an opti¢)n land owned by the Charity that is outSiLle of the Almshouses Complex site. The Trustees have Spent a considerable amount of time and effort in exploring the possibilty, Implicatlons and le8al ability, to agree to the proposal. This has involved consuhation vAth the Charity Commission and also taking extensive le8al advlce. The legal costs involved so far are refiected in the annuèl accounts. If the Trustee5 were to actept this offer and then the option was subsequently e¥erci5ed by the developer, it would provide a substant131 sum of rnoney to the Charity. The intention of the Trustees is thaL rf and when this should happen, the money generated from the sale of land would be used to improve the rrent hOUn8 stockand possibly addin8 to it. For reasons of commercial sensitivity. the identity of the developer and the amount of rnoney involved must rna1n confidential at this tlme. Public benefit The trustees have paid due regard to guidance issued by the Charity Commission in decidingwhat activf(ies the charity should undertake. Achievements and performance Sionificont artivities cnduchievements ogolnstobiertives Making tirnely works of repair and maintenance to the charities propertie5 15 one of the key responsibilltles of the Trustees. We strive to ensure that the highest possible standard of accommodation is maintained. In additton to srnall work5 of iepair and maintenance undertaken throughout theyear, the significant work carried out wa5 the repair ol the roof to number 14 and the complete internal redecoration of number 44, including in5trdllation of new loft insulation.
LANGLEY MARISH UNITED CHARrriES TRusfEE5' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH2024 In recognition that some of the properties are Grade 2 bsted, the supervision of an AhIteCt thosen from the Almshows Association panel of approved practitioners is used whenever vA)rk carried out to those propertie5. The Trustees are aware of repalrwofk that currenty required and have the fiJndln¥ to pay for tt. lyjt 1$ provlng difficult to flnd contractors who are 5ultsbly qualified and experienced enough to Underta thts specialwO1 An Internal inspertion of each property by varKJus Trustees. Vrith the resident present, began during QI 2024 and we condnulng at the end of the finandal year. The objective is to Identify any repair and malntenance work required. The findin8S are beln8 collated and a plan put In place to ensure all rernedial action 15 undertaken. From tlme to tlme the Trustees Kanise social epnts for the resldents. to both encwrage a 8reater sense of communlty and a150 prolde an opportunity for residents to meet with the Trustees. Of partiojlar rbote in 2023 was the OanIsatIOn of Corwion celebration event forthe resident The org3nlsat50ft31 restrurturing and decision to no longer have an on-site Warden and Deputy Wardens has had no obvlous detrlmental effert on the da*to-d experlences of our Idents In£ on the cornplex. The TrUSS are unaware of any complalnts, or Issues that have arlsen, nce the thange was made and certalnly none were fflentned dursng the intemal Inswrtlon of every property. Fknandal r•¥lew The prlmary Sour of Unrestrfrted income b the maintenance contributions made ty the resldents. whlth totaled É120,370 compared to EllS,053 In the prevlous finandal year. Unre5tri¢ted Income from inbtstments vrds £38,095 compared to £36.637 In the p)y$financial year. Restricted income from investments was £4&J compared to £259 kn the p0v5f(andal year. Total recelpts for onlinary Unrestricted Funds ware £158.465 and for Restricted Furwjs £4f1. Al a detsiled in the financial ststements. Unrestricted expenditure on tharitsble èdivmes was W.S02 direcicosts and W,319 in support & pvemance costs, giving total of £136.821. T1$ compare5 to £115,027 ab)d £34.4Y Itotsl £149,461) reSptty Én the previou5financizl year. The net result for the year was an excess of Unrestrfcted iftcome over unrestric expenditure of £21,644 whith was added lo our reserves. 7here was no expenditure from Restrlcted Fund5. Addin8 the balances brou8ht foNwd at the beginning of the finantial year. the totsl Assets balance carfled forwa at 311t March 2024 was £6,986,760. Thls was splr( £6,968.958 for Unrestricted Funds lof which £5.410,(XIO k property assets) and £15,802 for Restrlcled Funds. The Trustees view is that it wa5 a 5at15factory year from z finanaal a5pecL a growth in income and a reduction in expenditure compared to the prewousfinancial year. Reservespolicy It Is the Trustees pollcy to malntsln a balance of Unrestricted fvnds whlch equates to three months. average unrestrlcted payments, to provlde for emergency slwations that may arise from tlme to time. The balan of £110,158 Inet of flxed and Investment assets) atthe finanaal year-end metth15target.
LANGLEY MARISH UNITED CHARrnES TRusfEES' REPORT (COMTINUED) FOR THE YEAR ENDED 31 MARCH2024 InvestmentpolK The Trustees have continued the poly. set some ypars a80 ty eartler Trustees, of 1rNeStir the major part of the LMUC non- property assets in 4 rnain Fund5. listed below in order of the curnentvaluatyon amunts ofeath.. COIF tharities Inveslrnent Fund Ilncome Shares) M&G Charty Mutti Asset Fund Ilncome Units) BLK Charities UK Equity Fund I'A. Income Unftsl M&G (hairbond Charities Fixed Interest Fund Ilncome Uni15} In addliion, money is inved In the cai COIF Charitses De1t Fund, to earn interest whilst havin8 the funds ea%ly avallableat short notice rf required. Struttvts. gfftmano and mawment The oriains of the CharSty can be traced back as far as the year 1617 and has a history of providing social houslng to the local commurblty for over4Wyears. The current Charity ts the re5uk of the amalgamation of swal small local tharltks over the years and thls Is reflerted kn the namè. LaeV Marfsh ned Charftles. The adrninistrdtion of the Charity is governed by a 5cherne of the Charity CiJmmissI sealed on 29th June 1956. wf(h several subsequent amendments. The scheme stipulates that cash not needed for immediateworkin8 purposes be Invested under the authiwltyof the Charlry Commlssioners in the narne of the OFficial Truste£s of Chartable Funds. No restrictions on borr0wfjr are placed cffi the TrLStees. The conduct of Business ha5 been dealt wtth through regular quarterty TTUSree meetings. supplemented by addttional meetings, often with a one item focus. zs may be required to deal with particwlarlssues. There ha5 been a quorum present at every meeting. The Trustees had for some tlme been Tewewing the d3V-tTrday rnanzgement and oPatIOnal Strre for the Almshouses Compl taking atcount of the chan8in8 profile and needs of the residents. In addttFon. It was dear that from a financial petspective the cost of contlnulrsg wrth the status quo was unsustainable. A decision wa5 reached that a restructure was necessary. whlch induded making the positions of Warden and Deputy Wardens redundant. This was Put into effert in May 2023 and the cost of the resulting redundancy payments is induded in the accounts. A new role ol LMUC Adminlstrator wa5 ueated and Miss Jacqueline was apInted to tNs posltlon. She ntInUed to be the Secretaryfor the Trnstees tbut Is not a Trustet hersew). The actlon tsken bythe Trustees has been vindltated the reducth)n in employment costs. net of the redundancy costs, over the tourse of the financial year. The full benefits will be realised in the financial yearendin8 311312025 when no redundancy tosts are anticlpated. The trustees who ser4*d durfngthe yearand up to the date of signature ofthe finanlial statements we¥e: Dr Elizabeth Campbell Mrs J05ephlne Hanney Mr Mark Instone Mrs An8ela Kirk Mr Raymond Lewls Mts Maria Challen Mrs D C Iller Mr John Whitby Rev C Ferris (Appointed 7 Je 20231
LANGLEY MARISH UNITED CHARITIES TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Recrnitment ondoppointmentof twstees The recruitrnent and appointment of Tru5tee5 is govemed by the reqU1ments of the Charity Commlssion Scheme documerrt for LMUC dated 2VJune 1956. but as amended by an order issued bythe Charitycommission on 29thJune 1971. A maxirnurn of ten Tnjstees is allowed. fovr of whom are known as -Representstive Tnsteerf and appointed by Slough Borough Council131 and Wexham Parish Council111. They Serve for a temi of 3 year5. The other 5t%Trustees are known as.ctr optative Trustees. who are required to be persons who reside or woik in, or near. the Ancient Parish of L3n8ley Mari5h. These six Trustees are recruited and appointed by the current Co<Jptative Twstees. They serve for a temi of S years. Both Representative and Co-optative Trustees can be re-appointed at the expiry of their term in office. When a vacancy for a Ctroptative Trustee arise5. the remaining cyrnt Trustee5 seek to recrult a new Trustee takln8 consideratÉon of the particular Scheme requirements set out above. In addition a person with particular skills and experience, that will enhance the relevant expertlse amongst the Tru51ees as a whole, is sought whenever possible . The current recruitment polity of the Trustees is to broaden the overall di¥eNty and ethnicity of the TnJ5tees if at all possible, although seeking to appoint a newTrustee without excessive delay is a150 a consideration. All potential C(Foptative Trustees are inteNewed by a panel thosen by and fromthe Co-optstive Trustees. A candidate chosen by the panel 15 then required to be appointed by a unanimous vote of all the cOptsti Trustees at a special Trustees meeting called forthat purpose. The tru5tees' reportwas approved bythe goard ofTrustee5. Dr Elizabeth Campbell Trustee Date..
LANGLEY MARISH UNITED CHARMES INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LANGLEY MARISH UNITED CHARMES I rert to the trust on my vAamination of the ffinancial statrments of Lang1 Marish United Charitie5 (the charity) forthe year ended 31 March 2024. Respon51bllbtlesand basts olreport As the trustees of the tharbty you are responsible for the pwalaOn of the financlal ststements in accordants wth the requirements of the Charlties Act 2011 (the 2011 Art). I repcirt In respect of rny ex3mination of the Charis financial statements carrled out under sett(on 145 of the 2011 Act. In ca¥rwng oirt my minatiorI I have followed all the applicable Directions BNen by the Charity Commisskjn under section 14515llbl of the 2011 Ac¢ Independent examlnees si•mthrt Your attentlon Is drawn to the fau that the charity has prepared fJnanck41 staiements in acCOrdae wr(h AccouTrtin8 and Reporting by CharitSes preparing their accounts in accordance wfth the Finanual Reporbng Standard applicable In the UK and liepublicof Ireland IFRS 1021 In weference to the Accounting and Reporting byOorlb"es.. Statement of Recornmended Prathce issued on l April 2005 whh ts ferred to in the extsnt regulations but has nbeefi wlthdrawn. l understand that this has been done in order for finandal statemerrts to pde a trtse and fa view in accordante wlth Generally Accepted Accountir8 PTrrtice effediveforreport5ng perlots nn1On or after ljanuary 2015. have completed my examination. I confim) that no matte15 habE torne to ry attentlork in connertlon wlth the examlnation 81vin8 me cause to believethat in any material re$ltt. accountlng records were not kept In respert ofthe charity8S reqwred ty sertion 130 of the 2011 Att; or the finaneial atements do not accord with those reco$. or the financial ststements do not comply with the apWicable requirements conMIng the fom and content of accounts set out In the Charities (Accounts and Reports) Re8ulatioTh$ 2CO8 other tkrb any requirement that the account5 gwe a true and fairvlew vthlch Is not a rnatter considered as part of an Independent exarninatirjn. I have no concems and have corne acmss no other matters In connertion wlth the exarnination to which attEntsn should be dr this re rt in orderto enable a proper understsnding of the financial statements lo be reached. Philip Ormerod KCA Stlles & Comparry 2 Lake End Court Taplow Road Taplow Maidenhead Berkshlre SL6 OJQ
LANGLEY MARISH UNrrED CHARITIES srATEMENT OF FINANCIAL ACtivtriES INCWDING INCOME AND EXPENDrruRE Accoumr FOR THE YEAR ENDED 31 MARCH 2024 T<)tal fvnd5 2024 funds 2024 funds 2023 202J Income from: Charitable activities Investments 120.370 38,095 120370 3855 115.053 36,637 115,053 36A96 259 Totsl Intom• 158.465 158.925 151,69) 259 151.949 Expendlture on: Charitable activibes I3621 136A21 149J61 149.461 T4*1 •xp•ndlture 136,821 136,821 149.461 149,461 Net gain5lllossesl on Investments 108.438 325 108.763 143.7181 13321 144,0501 Net IrKome/lexpEndlturel I30.2 785 130.867 141,4891 (731 14L5621 Transfetsbetween funds 11.5721 1572 Net mowment In funds 130. I3067 143,0611 1,499 14L5621 Reconclllatlon of funds: Fund balances at l April 2023 6,838,876 15.017 6.853.893 61,937 13,518 6,895,455 Fund balan¢tt at YI Mar¢h 2tr24 6,968S8 15,802 6.984.7EII 638.876 15,017 6,853,893 The statement of financfjal actlvlues Includes all gains and l¢wes recognised in the year. All Income and expendlture derive from connU[n@ atthpftles.
LANGLEY MARISH UNITED CHARrriES BALANCE SHEEr ASAT31 MARCH 2024 2024 2023 Flxed assets Tangible assets Investment property Inve5tment5 692 5.410.OC 1,472.877 5.410,000 1,362.114 14 6.883.569 6.772,114 Cunent assets Debtors Cash at bankand in hand 3.709 106,449 1.306 82,632 110.158 18,9671 83.938 12,1591 Credttors: amounts falllnB due wlthin one year 16 Net current 355ets 101.191 81.779 Total assets less current Ilablllts 6,984,760 6.853,893 Thèfunds ofthe Charfty Restricted income funds Unrestricted funds 17 18 15A)2 6,968,958 15,017 6,838,876 6.984.760 6.853A93 The financial statements We approved by the trustees on.. Dr Elizabeth Campbell Trus*e
LANGLEY MARISH UNITED CHARMES NOTES TO THE FINANCIAL STATEMEMrs FOR THE YEAR ENDED 31 MARCH2024 Afmumlw polkles th•rlty Infomiatlon Langley Marish Untted Charitie5 15 an unincorpJr3ted assoaation gthpmedby its constitutlon. 1.1 A¢<oyntln8 C¢VentIon The financlal statements have been prepared In attordance with the tharlty's goveming scheme. the Charities Act 2011. FRS 102 Yhe Financlal Rewknng stsndard applicab in the UK and Republic of IrelaDd" l°FRS 102.1 and the Charitles SORP 'Actounting and Rep)rting by Charities.. Statement of Rttommended Practice applicable to charitles preparing their actounts In accordan with the Financial Reporting Standard appllcable In the UK and Republlc of Ireland IFRS 1021. leffectfve ljanuary 20191. The tharity 15 3 PublK Benefit Entity as deflned by FRS 102. The charity ha5 taken advantsge of the pwsiorLs in the SORP for charitiesntstto prepare a Statement of Cash Flow5. The finandal ststements have departed fmm the tharrlies (Accounts and Reports) Regulations 2C#)8 only to the e¥twt requlred to provide a true and fair wew. This departure has involved foJlcwnB the Statement of Recommended Practlce for th3rltSes applwng FRS 102 rather than the version of the Statement of Recomrnended Practice which15 referred to the Regulations but which has rtte been withdrawn. The finanoal statements are prepared in sterlin& which Ss the ltional of the tharity. Monetsry amounts In these finanual statements are rounded tothe neare5t£. The finanoal Statements have been preparEd under the hrstorfjcal cost coNenOn, Imodified to Include the revaluatlon of freehold properties and to include in¥e5tment propertie5 and tsrt3in fianal Instruments at fair valuel. The princlpal accounting policies adopted are setout bel 1.2 Goingconcern At the time of approving the financial ststements. the trustees have a asonable expectation that the charity ha5 adequate resour5 to continue in operational exstence for the foreseeable fuwre. ThLts the trusiees continue to adopt the 8oin8 concern bags ofaccounting in preparin8 thefinanual ststemer 1.3 Charltabl• funds unStrICted fvnds are available for use atthe distrlon of the trustees In1urtheran of their charitsble objettives. Restricted funds are subject to specific conditi0Ths by donots or grdrrtors as to howthey may be used. The purposes and Uses of the restrlcted funds a set out in the notes to the finanual ststements. Endowment funds are subjertto specifit condttlors donor5 that the caimtal must bemzintalnèd bythe d)arity. 1.4 Income Income is reco&nised when the charity is le8ally entitted to f( after any perforrnance conditions have been met, the amounts can be measured reliably, and ti is probable that income wll be reIved. Cash donations are recognised on receipt Other donations are recognised once the tharity has been notrfied of the donation. unless performance conditjons require deferral of the amwnt. Income tsx recoverable in relatlon to donatlons recefved under GIftAid or deeds of co¥enant is reco8ni5ed at the time of thedonation. Legaoes are Tecogntsed on receipt or Otherwi rf the charity ha5 been notified of aTr impending dtstribution, the arnount is known. and receipt is experted. If the amount is not known. thek83ry os treated as a contingent a5seL
LANGLEY MARISH UNITED CHARrriES NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH2024 ountiD8 poli(les {ContlDuodl 1.5 Ewndlture Expenditure is recogni5ed once there is a legal or constructNe obligation to transfer economic benefit to a third party, it is probable that a trdll5Fer of economic beTref will be required in settleNnL and the anwunt of the obligation can be rnea5UTed reliably. Expenditure is dassified by athvity. The costs of eath artmty are made up of the total of threct costs and shared cosls, including support ujsts in undertaking each actiwty. Direct costs attributable to a Sing actwrty are allocatsd dlrectty to that athlty. Shared costs whlch comrlbute to more than artiwty and supptsrt costs whlch are not attrlbuthble to a sIne attmty a apportioned between those act5vltles on a basis consistent with the use of resourc. Centrdl staff costs are allocated on the basis of time spenL and depreaation tharges are allocated on the portlon of the ast's use. 1.6 TanBlble tlxed 44ets Tanglble fixed assets are inrtlalty measured at cost and subsequently measured at cost or valuion. net of depreclation and any Impairment1055e5. Depredatlon 15 recognised so as to wrtte off the cost or valuatbn of assets less thelr resKlual values over thelr uselul lives on the followng bases.. coMpe 3 years strai8ht line The Baln or loss arisSng on the disposal of an asset is determined as the (frfferen berwn the sale proceeds and the carrying Yalue of the asset. and Is recognlsed in the tstement of finanaal artkntie 1.7 In%estment property Investment property, whlch is property held to eam nts1$ arlOr for caprtal appwatyon. is initialty recognised at C05¢ whlch Includes the purchase cost and ary directty 3ttributsble expendlture. Subsequertly f( is measured at fair value at the reporting end datr. The surplus or deficit on revalUatn is reCOgned in prflt or h)ss. IA Fixed asset investnrrts Fixed asset investments are initlalfy rne3gJred at transackn prke eIng Iransaclion costs. and art SuqUent measured at fair value at each reporting date. Chan8es In falr value are OgniSed In rtet income/lexpenditurÈl for the year. Transacdon costs are expensed as incurréd. IS Impalm)ent of flxed assets At each reporting end date. the thartty rewews the carrying arnounts of tts tanglble assets to detem)Ine whether there is any indication that those assets have suffered an impairrnent Ioss. If ary suth Indltatlon exlsts, the recovernble amount ofthe asset is estimated in order to detemiine the extent of the impairnert loss lrfaryl. 1.10 Cash and ¢ash equfvahb Cash and cash equlwdlents Indude cash in hand. deJyJsits held at (all wlth banks, other short-temi Ilquid investments wlth origlnal maturitles of three months or less. and bank overdrnfts. Bank o*rdrafts are slthin wlthln boffowlw In current liabilitle5.
LANGLEY MARISH UNITED CHARMES NOTES TO THE FINANCIAL STATEMENTS {COP4TINUED) FOR THE YEAR ENDED 31 MARCH2024 A¢wuntln8 polkles (C4XrtiNedl 1.11 Flnandal knstruments The charity has eleded to apply the provisions of Section 11 'Baslc FarlI1 In5trurnents' and Section 12 '0ther Financial Instruments Issues. of FRS 102 to all of Its finaThc instruments. Financial instnjments are reco8nlsed In the chartys balance sheet when the tharrty become5 party to the ttntradual provisions of the instnjment. Flnancial assets and Ilabillties are offsèt. wrth the net amounts we5ented in the financial 5tstements, when there is a leplty enforceable right to Set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset arKI settle the liability simultaneously. BoskJlntmc•tslossets Baslc financlal assets. whlth Indude debtors and cash and bank balartes, a Inltlally measured at transaction prfce IncludlnB transaction c95ts and are sub5equenty carried at aThKJrtised coll usfjn8 the effecuve Interest method unless the arrangement constitutes a financirw transartion, ¥there the tran5actv)n ts measured at the pSent value of the future recelpts discounted at a markn rate of interest Fin31 assets dassifd as fb]e wthln one year are not amortlsed. &gaslcfvandalllabllltles Basic finandal IlablllJes. including credrtors and bank loan5 are initialty recOgned at tsansatlfjon pte unless the arrangement constttutes a financing transaction, where the debt instruwnt measured at the present Wdlue of the future payments discounted at a Ma rnte of Interest. Flnancral Ilabilities dassified as payable withln one yearare not amortised. Debt Instruments are sUbseqUenttycarr at amorh5ed c05¢ u%ng the effettl%t Interest rate meth)d. Trade credit015 are obligationsto pay for goods or se$ that have been atquir& in the ordinary course of operatlons from suppfier& Arnourts payable a classffied as wrrent liabilities if payrnEnt is due within one year or less. If not, they are presented as non<urreni liabilthes. Trade credf(ors are recognised inf(i31ty at transactioTh price and subsequently measured at amortTsed cost uslngthe effective lThtst method. Derecoqnilion ojfvaffiolllablllues Flnanclal Ilabllltles are derecognised when the thariws contractual oWi8at)ns expire or are discharged or cancelled. 1.12 EmPlè¢effts The cost of any unused holid entitlement is recrsnised In the period in which the empl¢)yee's seceS are received. Temination beneffts are recognlsed Immediate as an expense when the thkn is dèmonstrabk4 committed to terminate the employment of an employee orto Pfo¥ide terminatlon benefrts. Crrtical a¢countwy e1$ andluments In the application of the Char[S accounting policies, the trustees a qUI to make judgements. e5tirnates and assumptions about the carrying amount of assets and liabilliies that are not readi akyarent from other sources. The estlmates and assoclated assvmption5 are based on hstorkal experience and other factors that are considered to be relevant. Actuzl results may drflerfrom these estimates. The estimates and underlwng assumoions a reviewed on afi ongoin8 ba*5. Revision5 to accountiryg estimates are recognised in the period in which the ethmate is revised where the revision affects only that period. or in the period of the rewsion ar future perd5 where the Sion affects both current andfutyre periods. 10-
LANGLEY MARISH UNITED CHARMES NOTES TO THE FINANCIAL STATEMEKfs {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 IM)me from thwhable artl¥ltles UDre5trkted fvnds 2024 UnrtrIrted fvnds ChaTltable Int4mo maintenan contrfjbutionsfrom resldents 120.370 115,053 Inwrne from Irh¥e5t funds 2024 fd$ funds 2024 Rental intome Income from ltsted Investrnents Interest recefvable 6C#J 36,135 1,360 36595 1360 35559 478 259 35.818 478 38.CfJ5 38,555 36,637 259 36,896 11
LANGLEY MARISH UNtrED CHARMES NOTES TO THE FINANCIAL 5fATEMEKfs (CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Exp•ndhwe on tharftab acdvhles a4rftabl• tharltable •xpenthture expendlture 2024 2023 Dkertcosts Depreaation and impairment Casual labour Cleaning Gardening Insurdnce Llght, heat and water Printing and ststionery Repalr5 and maintenan sbscPtionS Warden- salary Warden- social securitycosts Warden- telephone Sundry expenses 346 3,932 1.746 5.631 2,058 7.269 4.71 34,342 IC9 4,727 30,887 23.013 1.429 25,613 i(K) 791 518 20,199 I24 33,647 00 853 3,489 98,502 115.027 Share of support and go¥ernanre rosts (see note 6) Goveman 38,319 34.434 136,821 149A61 Analysls byfvnd Unrestrlcted funds I3621 149.461 Support costs allocaled to a¢ly¥illes 2024 2023 Governance costs 38.319 34A34 Analysed brtwten: Charitsble expeiditure 38,319 34.434 12-
LANGLEY MARISH UNITED CHARITIES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support ¢¢>rts allo¢ated to atti¥ltles {Continuedl 2024 2023 Governance costs comprne: Audit fees Legal and professional Payroll fee5 Secreiary salary Secretary telephone 5,259 20.834 792 10,753 681 2,567 20,210 834 10,360 463 38,319 34.434 Net movement In funds 2023 The net movement in fund5 is stated afterchargingllcredtttngl- Fees wyable for the Independent examination of the chariVs financial Statements Depreclation of owned tsible fixed assets 5.259 346 2.567 Trustees None of the trustees lor any petsons connected with them) receNed ary remuneration or benefrts from the charity dvrinethe year. Érnployees The average monthly number of employee5 duringthe year was: 2024 Number 2023 Number Redundancyand terrnination payments totalling £17,575 We made in thereporting period. There were no employees whose annual remuneratlon was more than £60JXY). 10 Gain5 and losse5 on In¥eslments Unrestrlrted funds 2024 Totsl Unrertrl¢ted Restrlcted fids funds 2023 Total fvnds 2024 2024 2023 Gainslllossesl arising on- Flxed asset Investments 108,438 325 108,763 143.7181 13321 144,0501 13-
LANGLEY MARISH UNITED CHARITIES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 11 TaNion The charity 15 exemptfrorn taxation on its artt because all its income15 applied forcharitsbte purposes. Talble fixed 055¢ts C•myrtèrs Cost Additions At 31 March 2024 L038 Deprwiwtlon and Impalm Dépredation char8ed in the year 346 At 31 March 2024 CxrylTr8 amount At 31 March 2024 692 13 Irhvtstment property 2024 Falr ¥ae At l April 2023 and 31 March 2024 5,410,CO) The trustees considered the value ofthe propertie53nd aSrtained there *dS M thange in thefairvalue. 14 Flyad asset Investrnents Llsted C05t or¥aluatlon At l Aprll 2023 Additlons Net unrealised gain5/llossesl 1.362,114 108,763 At 31 March 2024 1,472,877 Carry1 amount At 31 March 2024 1,472,8TI At31 Marth 2023 1.362,114 14-
LANGLEY MARISH UNrrED CHARITIES NOTES TO THE FINANCIAL STATEMEpifs (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 15 Debto 2024 2023 Amountslalllw thjewllhln onew. Trade debtor5 Prepayments and accrued income 3,043 666 1,306 3,709 iJ06 16 Credltors: amounts falllni dwewlthln onew•r 2024 2023 Trade creditors Accruals and deferred in¢crfne 4,505 4.462 1.806 353 8.967 2.159 17 Restrktsd funds The restrlrted fvnds of the charity comprise the unexFended balances of donations and grants held on trust subject to speclfic condStlons by donors a5 to howthry may be used. AtiW12023 Incoml TransfewsGains and loss At 31 Marth 2024 Capitsl acquired from Langley Church House Estale Charity Net unaliSed 8ains and105se5 on Investment Assets 15.017 15,477 325 325 15.017 325 15.802 prlouS y*ar: At i April 2022 In¢omlni TraTh5Ier5Gal and lossÈs At 31 Marth Caplt31 acqulred from Langlev Church House E5tste Charity Net unrealised gains arnd losses on Investsnent A55ets 13.518 259 1.572 15.349 13321 13321 13,518 259 1,572 13321 15,017 15-
LANGLEY MARISH UNITED CHARITIES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 UnrerItted fvnds The unres1rlct funds of ihè tharity compr¥se the unexpended balances ol donations and grants which are Dot subjert to specific conditions by donors and grant0 as to how they may be used.These include designated fvnds which have been set aside out of unrestricted funds bythe trustees for5pecific purposes. Al l Aprll 2023 Incomln Resources TRn5fersGalns and losses At 31 Marth 2024 Gener31 Fund EraordInary repalr fund Revaluation account 1574.179 158,465 1136,8211 12,1MJOI 96,748 L690,571 179,618 11.690 193,308 5,085,079 5,085,079 6.838.876 158,465 1136,8211 108,438 6.968,958 Prevlous or.. At l April 2022 In¢omlng TrdnsfersGalns and10sses At 31 March 2023 expended General Fund Extraordinary repairfund Revaluation account 1,621,279 151.690 1149,4611 13.5721 145,7571 1,574,179 175,579 2,039 179.618 5.085.079 5.085.079 6,881,937 151.6 149,461 11.5721 143.7181 6,838,876 19 Analy515 of net 35sets between funds Unre5trided funds 2024 Restrfrted fun& Totsl 2024 2024 At31 Marth 2024: Tangible a55ets Investmenr properties Investments Current assetsllliabilitiesl 692 5,410,¢XIO 1,459,366 98.9) 692 5,410.C¥)D 1,472,877 101.191 13.511 2,291 6,968,9S8 15.802 6,984,760 16-
LANGLEY MARISH UNrrED CHARITIES NOTES TO THE FINANCIAL STATEMEKtS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Analysts of net¥59ets betwi fvnd5 {Continuedl Restrkted fuTrds 2023 Totsl fvnds 2023 At 31 Marth 2023: Inve5trnent properfes Investments Current a55etsllliabilitiesl 5.410.C 1,348,928 79.948 5.410,000 1,362,114 81.779 13.186 IA31 s38.816 15.017 6.853,893 20 Relatsd partytransathns There were no disclo$ae related party trdWl0nS durww tt ar(2023- nonel. 17-