Registered charity numbers in England & Wales 205222, 205222-1 & 205222-2 ROBERT PALMER'S ALMSHOUSE CHARITY TRUSTEES. REPORT AND FINANaAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
Registered charity numbers in England & Wales 205222, 205222-1 & 205222-2 ROBERT PALMER'S ALMSHOUSE CHARrrY TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The trustee5 present their annual report together with the financial ststements and Independent Examinerf5 report for the year ended 31 Dember 2024. Reference and administrative details Registered chority number5.' Robert Palmerfs Almshouse Charity- 205222 and linked charities Lilian Rose- 205222-1 and Mrs S S Mitchell- 205222-2 Trustee5.' Mr Michael Hart Mr Peter Rennie Mrs Valerie Moncur Mr Philip Parker Mr Paul Brown Mr Brian David Mr David Bragg Mrs Judith Hart Revd Jamie Taylor Chairman and c(Fopted trustee Treasurer and COpted trustee Co-opted trustee NominatNe trustee Sonning Parish Council Nominative trustee Eye and Dunsden Parish Council Nominative trustee Charvil Parish Council Nominative trustee Wi)odley Town Council Nominative trustee Sonning Common Parish Council Ex-officio trustee Clerk Gnd chorities, registered address.. Mrs Christina Goodacre 17 West Drive, Sonning RG4 6GE Almshouses address." Robert Palmer Cottages. Pearson Road. Sonnlng RG4 6UN Independent examiner.. Mrjonathan Crump 9 Queen's Gate London SW7 SEL
Registered charity numbers in England & Wales 205222. 205222-1 & 205222-2 ROBERT PALMER'S ALMSHOUSE CHARrrY TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 20Z4 (contlnued) The trustees have adopted the provisK)ns of the Staternents of Recommended Prattl ISORPI 'Accounting and Reporting by Charitie< in pparIng the annual report and financial statements of the charities. The financial statements have been prepared in accordance wrth the accounting policies set out in the notes to the accounts and comply with the charitie< governing document and the Charities Act 2011. Objertlves The charitable objectives of the charitie5 are: Robert Palmerfs Almshouse Charity- Subject to making payments to defray the costs of repairs. insurance and all other charges and outgoings payable in respert of the propeity of the charity. the trustee5 shall apply the income for the benefrt of the residents of the almshouses or any of them in such a manner as the trustees think fit from time to time. Lilian Rose- To provide fuel to be supplied at Christmas Eve to the residents of the almshouses. Mrs S S Mitchell-To provide extra comforts and pocket money for the residents of the almshouses at Christmas. The trustees confirni that they have complied with their duty to have regard to the Charity Commission's guidance on public benefit when exercising their powers and duties. Activitles The purposes of the Robert Palmerfs Almshouse charity are the administrotion and management of the six listed almshouses in a conservation area and the land on which they are built. The cottages were built in the 18Ws for persons in need in the aa of benefit which covers the pèrishes of Sonning and Charvil and the towns of Earley and Woodley in the county of Berkshire and the parishes of Eye and Dunsden and Sonning Common in the county of Oxfordshi. Achlevements and perf0mfice All six cottages were occupied throughout the year by long term residents. the latest having moved into Cottage l in July 2022. Meetings took pla with residents to ensure that any Welfa concern5 were addressed. Routine maintenance of the cottages continued as necessary for the age of the properties including repoir work on the sione mullions. An independent quinquennial survey was carried out leading to the preparation of a repair liabiltty schedule to a55iSt with the budgeting of repairs in the coming 5 years. The gardens and allotments were kept in shape by a gardener and 16 allotment holders who pay a nominal rental. Other than managing the above routine needs and making appropriate provisions no major changes are foreseen. The charity makes a tangible contribution to sooety by providi accommodation for persons in need at a level well below social housing rentsl level.
Regilled charity numbers in England & Wales 205222, 205222-1 & 205222-2 ROBERT PALMER'5 ALMSHOUSE CHARrrY TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 20241contlnued) Flnance Going concern The trustees consider that there a no material uncertainties about the charities abilities to continue as going concerns nor any significant areas of uncertainty that may affect the carrying value of the assets needed by the chartties. Reserves policy The free reserves at 31 Detrmber 2024 were £176.615. The kKlSition is in line with the current policy which is to.. Provide stabiltty and a means for development of the charivs principal objetts To meet the unpredirtable costs of maintaining and improving listed buildings in a conservation area Results Net income for the year before investment gains was £12.463 {2023 £13,313). Although routine maintenance cost have increased income and expenditure wa5 broadly in line with budgeted expectations. Risk The trustees have considered the major risks to which the charities are exposed and hove satisfied themselves that 5y5tern5 and procedures a in pla to manage those risks. Structure, governance and management Goveming document The charities are regulated by order of the Charity Commission dated 20 Juty 1981 that established an approved scheme for the charities. Trustee selection methods The 5 parishes or town councils in the area of benefit each elect a nominatFve trustee for a period of 4 years, the vicar of the parish of St Andrew is an ex-officio trustee. 3 other trustees are co-opted and elected by the nominatwe trustees for 5 year temis. The chairnian is chosen annually from amongst the trustees. Mant7gement The trustees held 4 ordinary meetings in the year in order to manage and administer the charity in conformity with the goveming document.
Registered charty number5 in England & Wales 205222, 205222-1 & 205222-2 ROBERT PAUblEIVS ALMSHOUSE CHARtrY TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Icontinued) Trustees, responsibility statement The trustees are responsible for preparing the trustees. report and financial statements in accordan with applicable law and United Kingdom Accounting Standards (UK Generally Accepted Accounting Prarti) and applicable law and regulations. The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each flnancial year which give a tme and fair view of the state of affairs of the charity and of its incoming resour5 and application of resources of the charity for the period. In preparing these financial statements the trustees are required to= Select suitable accounting wlicies and apply them consistently Observe the methods and principles of the Statements of Account Practi Make judgements and accounting estimates that are asonable and prudent State whether applicable accounting standards have been followed Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charty will continue in operation The trustees are responsible for keeping proper accounting record5 that disclose with reasonable accuracy at any time the financial F)OSition of the charity and enable them to ensure that the financial statements compty WFth the Charities Act 2011, the Charity (Accounts and Reports) Regulations 21X)8 and the provisions of the trust deed. They are also reswnsible for safeguarding the assets of the charity and for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approv r of the board of twstees and signed on its behalf by Mr Michael Hart Chairrnan Date: ci oJdbor 2oLS
Reglstered charity numbers in England & Wates 205222, 205222-1 & 205222-2 ROBERT PALMER'S ALMHOUSE CHARITY INDEPENDENT EXAMINER'S REpoKf FOR THE YEAR ENDED 31 DECEMBER Z024 I report to the trustees on my examination of the accounts of the above charity for the year ended 31 December 2024 which are set out in the attached pages. Respective responsibilities of trustees and examlner As the charity trustees of the Robert Palmerfs Almshouse Charity you are responsible for the preparation of the accounts in accordance with the Charities Act 20111.the ACVI. Having satisfied myself that the accounts of the charity are not required to be audited under the Act and are eligible for independent examination, I report in respert of my examination of the charivs accounts under sertion 145 of the Act. In carrying out my examination I have followed the applicable directions given by the Charity Commission under section 145151 Ibl of the Att. Basls of Independent Examinerf5 report My examination was carried out in accordance with the general direction Biven by the Charity Commission (England and Wale51. An examination includes a review of the accounting records kept by the ¢harty and a comparison of the accounts psented with those records kept by the chartty and a comparison of the accounts presented with those records. It also includes a consideration of unusual items or distlosures in the accounts and seeking explanations from you as trustees concerning any such matter5. The procedures undertaken do not provide all the eviden that would be required on an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view and the report is limited to those matters Set out below. Independent Examlnerfs statement I have completed my examination. I confirni that no material matters have come to my attention in connertion with the examination which gives me cause to believe that in any material respect- Accounting records were not kept in accordance with the Act. or The accounts do not accord with the accounting records. or The accounts do not compty with accounting requirements conceming the fomi and content of the accounts set out in the Charities (Accounts and Report51 Regulations 21J)8 other than any reqU1ments that the accounts give a 'true and tdir Vie which is not considered as a part of an independent examination. 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 understsnding of the accounts to be reached. an Crump 9 Queen's Gate London SW7 SEL Date:
Registered charity numi*ts in England & Wales 205222. 205222-1 & 205222-2 ROBERT PALMER'S ALMSHOUSE CHARITY STATEMENT OF FINANaAL AcllviTIES FOR THE YEAR ENDED 31 DECEMBER 2024 Notes Unrestricted Total funds 2024 2023 Income Charitable actNities: Weekly maintenance charges 26,784 24,840 Interest receivable and other income Total income EXpendIre Charitable activities: Services Heat and light Apportionmentfrom management 49 Monogement N A A subscription General Caretaker Property insurance Water rates Apportionment to servi5 343 385 196 395 1.453 1,755 1,406 1,543 Mointenance Gardens and allotment5 Cottages- routine repair and maintenance Cottages- refurbishment 4,12Z 2,904 11,642 Total expendlture Net income before investment 8ains Net gains on investments 13,313 Net movement offunds Total funds brought forward Total funds carried forward 20,725 32,024 334 428 302 404 £334 428 All intome and expenditure rs derived from continuing actNities.
Reglstered charity numbers in England & Wales 205222, 205222-1 & 205222-2 ROBERT PALMER'S ALMSHOUSE CHARITY BALANCE SHEEf As AT 31 DECEMBER 2024 Notes 2024 2023 Flxed assets Freehold housing properties at cost 79.323 Investments 175 839 Total fixed assets 263 24 255 162 CUrnt assets Debtors 423 Cash at bank and in hand 49.435 Charities deposit fund Total current assets 719 Current liabl11e$ Creditors- amounts falling due within one year -L194 -1,089 Sundry credÈtors -504 -364 Totsl current liabilFties Totsl net assets £355 153 £334 42 Charity funds Investment revaluation SerVe 19,090 18,435 Desi8nated fund5 157,141 149.534 General funds 178 922 Totsl unrestrirted funds The financial statements of pages 2 to 11 were approved and authorised for issue by the trustees on q Ock&Lland signed on their behalf on Chaiman- Mr M Hart Treasurer- P Rennie
Registered charlty numbers in En8land & Wales 205222, 205222-1 & 205222-2 ROBERT PALMER'S ALMSHOUSE CHARITY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 l. Summary of 5ignifkant accounting polkles and key estimates The accounting policies applied in the preparation of these financial ststements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparin8 their accounts in accordance with Financial Reporting Standards IFRSI applicable in the UK. 1.1 Basis of preparation The charity meets the definition of a public benefft entity under FRS 102. Asset5 and liabilities are recogni5ed at historical cost. 1.2 Income All income is regnISed when the charity has entttlement to the income. 1.3 Donations Donations are recognised vhlen the charity has been nottfied in writing of both the amount and the settlement date. 1.4 Investment income Bank and Investment Fund interest is recognised when the interest Is received. 1.5 Tangible fixed assets Freehold land and buildings are valued at cost and no depreciation is charged. 1.6 Investments Investments are included at their market value at the balan sheet date. 1.7 Trade debtors Trade and other debtors are recognised at the settlement amounL 1.8 Trade creditors Trade creditors are obligations to pay for goods or Servi5 that have been acquired in the ordinary course of business 1.9 Expenditure Expenditure comprises those costs incUed by the charity in the delivery of its activities and services to its beneficiaries and is recognised once there is a legal or construrtive obligation to that expenditure.
Registered charity numbers in England & Wales 205222, 205222-1 & 205222-2 ROBERT PALMER'S ALMSHOUSE CHARITY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER Z024 (continued) 1.10 Taxation. The charity Is considered to pass the tests set out in Para I Schedule 6 of the Finance Act 2010 and therefore tt meets the definition of a charity for UK corporation tax purF)ose5. Accordingly. the charity is potentialty exempt from tax in respect of income and capital gains received within categories covered by Chapter 3 Part 12 of the Corporation Tax Att 2010 or Section 256 of the Taxation of Charitable Gain5 Act 1992 to the extent income and such gains are applied exclusÈvely for charitable purposes. 1.11 Fund accounting General funds are unrestricted fund5 which are available for use at the discretion of the trustees to the furtherance of the general objectNe of the charity and have not been set aside by the trustees for particular purposes. Designated funds comprise unrestricted funds that have been set aside by the trustee5 for particular purposes. Designated funds can be re-designated by the twstees. 2. Flxed assets The housing properties provided six dwelling units throughout 2024 at Robert Palmerfs Cottages, Sonnin& Berkshire. On 27 July 2022 independent building surveyors carried out an insurance reinstatement assessment of the building5 and their recommended declared value for insurance purposes was El.274,(IXJ. There were no capital commitment and contingent liabilities at 31 December 2024 or 2023. 3. Investments The investments at 31 Deomber 2024 were as follow5: Mab*et Value 2024 2024 Market Value 2023 C05t 2023 General fund 1,214.85 Charities Official Investment Fund- Inco shares 2.485 National Association of Almshouses Investment Fund Income shares 617 24,653 6.817 24,073 2307 1053 70 26 960 7 870 26 305 Extraordinary maintenance fund 602.96 Charities Official Investment Fund Accumulation shares 762 157141 6762 149534 Totsl investments 14632 184101 14632 175839 io
Registered charty numbers in England & Wales 205222. 205222-1 & 205222-2 ROBERT PALMEWS ALMSHOUSE CHARtrY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 (continued) 4. Trusteeg emoluments No emoluments were paid to or receNable by any trustee during the year and no expenses were reimbursed12023 £nil). The charity has no employee 5. Interest recelvable arKI other income 2023 Allotment rents Donation from Sonning Fire Bri8ade Trust Interest on charities depostt fund Investment income Bank deposit interest 333 4.441 1,026 1.581 772 333 1.958 70 6. Debtors 2024 2023 Amounts falling due within one year. Almshouse A550ciation fees Sundry debtor 343 423 7. Credftors 2024 2023 Rents in advance Accruals 1,194 504 1,089 364 8. Deslgnated funds 2024 2023 Balance at beginning of year Unrealised Surplus on investment revaluatton Balance at end of year I4934 132.885 157 141 149 534 9. Investment revaluatlon reserve 2024 2023 Balan at beginning of year Unrealised surplus on invesLment gains Balance at end of year 18,435 655 16.373 li