Charity registration number: 206182
## Ash United Charities Resthaven Almshouses
Annual Report and Financial Statements
For the Year Ended 31 December 2024
Dudley Gore & Co 50 Queen Street Ramsgate
## **Ash United Charities Resthaven Almshouses**
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2 to 3|
|Statement of Trustees' Responsibilities|4|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Financial Statements|8 to 15|
## **Ash United Charities Resthaven Almshouses**
## **Reference and Administrative Details**
## **Trustees**
Maureen Bubb Mary Smith John Tanner Teresa Tanner
## **Principal Office**
2 Chequer Lane Ash CT3 2ET
## **Charity Registration Number**
206182
## **Independent Examiner**
Peter Smith Dudley Gore & Co 50 Queen Street Ramsgate CT11 9EE
Page 1
## **Ash United Charities Resthaven Almshouses**
## **Trustees' Report**
The trustees present the annual report together with the financial statements of the charity for the year ended 31 December 2024.
## **Objectives and activities**
## **Public benefit**
As noted below the Trust provides dwellings for use by needy couples and individuals.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
## **Achievements and performance**
The trustees continue to satisfactorily manage all the bungalows at Resthaven.
## **Financial review**
## **Policy on reserves**
The financial statements show total income for the year of £36,929 (2023: £34,240) and cash at CAF Bank and CCLA COIF investments amounting to £97,018 (2023: £72,437) .The Trustee’s policy is to keep sufficient reserves to fund a rolling programme of renovation and repairs and to meet expected costs as they may arise.
## **Principal funding sources**
Income is derived from weekly maintenance contributions from residents of the six bungalows and from interest from the COIF Charities Deposit Fund and the COIF Investment Fund Accumulation Units.
## **Plans for future periods**
Aims and key objectives for future periods
The Trustees give regular consideration as to how their charitable works within the parish could be expanded. The Trust has a waiting list of appropriate applicants for almshouse accommodation.
## **Going concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.
Page 2
## **Ash United Charities Resthaven Almshouses**
## **Trustees' Report**
## **Structure, governance and management**
## **Nature of governing document**
The Trust is registered as a charity under number 206182.
The Trust has six bungalows: 11, 13, 15, 17, 19 and 21 Queens Road, Ash CT3 2BG. At present, residents make a weekly contribution for maintenance, administrative costs and ‘Lifeline’ personal alarm costs.
## **Recruitment and appointment of trustees**
The management of the Trust is the responsibility of the Trustees who are elected and co-opted under the terms of the Charity Commission Scheme.
Upon the occurrence of a vacancy the Trustees shall cause a note thereof to be entered in the minutes of their next meeting and in the case of a vacancy in the office of a nominated Trustee shall cause notice thereof to be given to the appropriate appointing council. Any Trustee who is deemed to be competent may be re-appointed.
## **Major risks and management of those risks**
The Trustees have undertaken a risk assessment that is regularly reviewed in order to identify any risks to which the Trust is exposed. Systems have been established to mitigate risks.
Page 3
## **Ash United Charities Resthaven Almshouses**
## **Statement of Trustees' Responsibilities**
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Trustees of the charity on 14.09.2025 and signed on its behalf by:
## Mary Smith
Mary Smith Trustee
Page 4
## **Ash United Charities Resthaven Almshouses**
## **Independent Examiner's Report to the Trustees of Ash United Charities Resthaven Almshouses**
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2024 which are set out on pages 6 to 15.
## **Respective responsibilities of trustees and examiner**
As the charity’s trustees of Ash United Charities Resthaven Almshouses you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Ash United Charities Resthaven Almshouses's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of Ash United Charities Resthaven Almshouses as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as 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 this report in order to enable a proper understanding of the accounts to be reached.
## PR Smith
...................................... Peter Smith ACPA, ICPA (Fellow)
50 Queen Street Ramsgate CT11 9EE
Date: 18.09. 2025
Page 5
## **Ash United Charities Resthaven Almshouses**
## **Statement of Financial Activities for the Year Ended 31 December 2024**
|**Note**
**Income and Endowments from:**
Donations and legacies
Charitable activities
Investment income
4
Total income
**Expenditure on:**
Charitable activities
Total expenditure
Gains/losses on investment assets
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
15|**Unrestricted**
**funds**
**£**
-
35,628
1,301
36,929
(22,082)
(22,082)
902
15,749
406,920
422,669|**Endowment**
**funds**
**£**
-
-
-
-
-
-
16
16
460
476|**Total**
**2024**
**£**
-
35,628
1,301
36,929
(22,082)
(22,082)
918
15,765
407,380
423,145|**Total**
**2023**
**£**
-
33,527
713|
|---|---|---|---|---|
|||||34,240|
|||||(28,164)|
|||||(28,164)|
|||||1,980|
|||||8,056
399,324|
|||||407,380|
All of the charity's activities derive from continuing operations during the above two periods.
The funds breakdown for 2024 is shown in note 15.
Page 6
## **Ash United Charities Resthaven Almshouses**
## **(Registration number: 206182) Balance Sheet as at 31 December 2024**
|**Note**
**Fixed assets**
Tangible assets
8
Investments
9
**Current assets**
Debtors
10
Cash at bank and in hand
**Creditors: Amounts falling due within one year**
11
**Net current assets**
**Net assets**
**Funds of the charity:**
**Endowment funds**
**Unrestricted income funds**
Unrestricted funds
**Total funds**
12|**2024**
**£**
324,985
19,102
344,087
1,762
77,916
79,678
(620)
79,058
423,145
476
422,669
423,145|**2023**
**£**
334,179
18,185|
|---|---|---|
|||352,364|
|||1,358
54,252|
|||55,610
(594)|
|||55,016|
|||407,380|
|||460
406,920|
|||407,380|
The financial statements on pages 6 to 15 were approved by the trustees and authorised for issue on 14.09.2025 and signed on their behalf by:
## Mary Smith
Mary Smith Trustee
Page 7
**Ash United Charities Resthaven Almshouses**
## **Notes to the Financial Statements for the Year Ended 31 December 2024**
## **1 Accounting policies**
## **Statement of compliance**
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Basis of preparation**
Ash United Charities Resthaven Almshouses meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
## **Going concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
## **Income and endowments**
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably.
Charitable activities are costs incurred on the charity's operations, including support costs and costs relating to the governance of the charity.
## **Tangible fixed assets**
Housing land and buildings are stated at cost. The cost of properties is their purchase price including any incidental costs of acquisition, together with costs of property improvements. No interest has been capitalised.
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
## **Asset class**
Fixtures and fittings Housing properties
**Depreciation method and rate** 25% straight line 2% straight line
Page 8
**Ash United Charities Resthaven Almshouses**
## **Notes to the Financial Statements for the Year Ended 31 December 2024**
## **Impairment of fixed assets**
A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of Financial Activities.
## **Fixed asset investments**
Fixed asset investments, other than programme related investments, are included at market value at the Balance Sheet date. Realised gains and losses on investments are calculated as the difference between sale proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal.
Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end.
## **Trade debtors**
Trade debtors and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advance payments for the goods or services it must provide.
## **Fund structure**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. the aim and use of each Designated fund is set out in the notes to the financial statements.
## **2 Income from charitable activities**
||**Unrestricted**|||
|---|---|---|---|
||**funds**|||
|||**Total**|**Total**|
||**General**|**2024**|**2023**|
||**£**|**£**|**£**|
|Weekly maintenance contributions:||||
||35,628|35,628|33,527|
Page 9
**Ash United Charities Resthaven Almshouses**
## **Notes to the Financial Statements for the Year Ended 31 December 2024**
## **3 Investment income**
|Investment income
Bank interest|**Unrestricted**
**funds**
**General**
**£**
21
1,280
1,301|**Total**
**2024**
**£**
21
1,280
1,301|**Total**
**2023**
**£**
19
694|
|---|---|---|---|
||||713|
## 4 **Charitable activities**
|Clerk costs
Licences and subscriptions
Resident expenses
Depreciation
Property and insurance
Bank charges
Accountancy
Professional fees
Other costs|**Unrestricted**
**funds**
**General**
**£**
840
1,119
3,386
9,194
5,985
60
1,050
-
448|**Total**
**2024**
**£**
840
1,119
3,386
9,194
5,985
60
1,050
-
448
22,082|**Total**
**2023**
**£**
660
538
3,312
9,194
12,834
61
1,026
-
539|
|---|---|---|---|
||22,082||28,164|
Page 10
**Ash United Charities Resthaven Almshouses**
## **Notes to the Financial Statements for the Year Ended 31 December 2024**
|5**Resident expenses**
Residents’ telephone
Residents’ television licence
Residents’ gas and electricity
Residents’ water rates
Careline fees|**2024**
**£**
400
-
-
2,055
931
3,386|**2023**
**£**
400
8
-
1,927
977|
|---|---|---|
|||3,312|
## 6 **Property and insurance costs**
|Insurance
Property & equipment repairs and renewals
Gardening, greenhouse and maintenance|**2024**
**£**
1,529
2,671
1,785
5,985|**2023**
**£**
1,569
10,341
924|
|---|---|---|
|||12,834|
## 7 **Taxation and staff costs**
The charity is a registered charity and is therefore exempt from taxation.
None of the Trustees received any remuneration during the year (2023 £Nil)
Page 11
## **Ash United Charities Resthaven Almshouses**
## **Notes to the Financial Statements for the Year Ended 31 December 2024**
|8**Tangible fixed assets**
**Cost**
At 1 January 2024
Additions
At 31 December 2024
**Depreciation**
At 1 January 2024
Charge for the year
At 31 December 2024
**Net book value**
At 31 December 2024
At 31 December 2023|**Land and**
**buildings**
**£**
476,223
-
476,223
44,107
9,194
53,301
422,922
432,116|**Furniture and**
**equipment**
**£**
384
-
384
384
-
384
-
-|**Grants**
**£**
(97,937)
-
(97,937)
-
-
-
(97,937)
(97,937)|**Total**
**£**
378,670
-|
|---|---|---|---|---|
|||||378,670|
|||||44,491
9,194|
|||||53,685|
|||||324,985|
|||||334,179|
## **9 Fixed asset investments**
Accumulation shares historic cost £7,800. Historic cost of Income shares is unknown.
|**Cost or Valuation**
At 1 January 2024
Units sold
Increase/(decrease) in valuation
At 31 December 2024
**10** **Debtors**
Prepayments
Other debtors|**Income**
**Shares**
**£**
**Accumulation**
**Shares**
**£**
460
-
17,724
-
16
902
476
18,626
**2024**
**£**
**2023**
**£**
1,006
1,332
756
26
1,762
1,358|
|---|---|
|||
|||
Page 12
**Ash United Charities Resthaven Almshouses**
## **Notes to the Financial Statements for the Year Ended 31 December 2024**
## **11 Creditors: amounts falling due within one year**
|Other creditors
Accruals
**12** **Funds**
**Unrestricted funds**
General
**Designated funds**
Extraordinary repair fund
Cyclical maintenance fund
**Endowment funds**
Expendable
**Total funds**|**Balance at 1**
**January 2024**
**£**
389,196
17,724
-
460
407,380|**Incoming**
**resources**
**£**
36,929
-
-
-
36,929|**Resources**
**expended**
**£**
22,082
-
-
-
22,082||**2024**
**£**
-
588
588
**Other**
**recognised**
**gain/(loss)**
**£**
-
902
-
16
918||**2023**
**£**
-
594|
|---|---|---|---|---|---|---|---|
||||||||594|
|||||||
|**Balance at**
**31**
**December**
**2024**
**£**
404,043
18,626
-
476|
||||||||423,145|
Page 13
## **Ash United Charities Resthaven Almshouses**
## **Detailed Statement of Financial Activities for the Year Ended 31 December 2024**
|**Income and Endowments from:**
Donations and legacies (analysed below)
Charitable activities (analysed below)
Investment income (analysed below)
Total income
**Expenditure on:**
Charitable activities (analysed below)
Total expenditure
Gains/losses on investment assets (analysed below)
Net (expenditure)/income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Total**
**2024**
**£**
-
35,628
1,301
36,929
(22,082)
(22,082)
918
15,765
15,765
407,380
423,145|**Total**
**2023**
**£**
-
33,527
713|
|---|---|---|
|||34,240|
|||(28,164)|
|||(28,164)
1,980|
|||8,056|
|||8,056
399,324|
|||407,380|
Page 14
## **Ash United Charities Resthaven Almshouses**
## **Detailed Statement of Financial Activities for the Year Ended 31 December 2024**
|**_Donations and legacies_**
Appeals and donations
**_Charitable activities_**
Primary purpose trading
**_Investment income_**
Income from other unlisted investments
Income from other investments
**_Charitable activities_**
Water rates
Light, heat and power
Insurance
Careline fees
Clerk’ fees
General maintenance
Telephone and fax
Printing, stationery & other costs
Dues and subscriptions
Accountancy fees
Legal and professional fees
Bank charges
Depreciation of fixtures and fittings
_Gains/losses on investment assets_
Funds - investment assets|**Total**
**2024**
**£**
-
-
35,628
35,628
21
1,280
1,301
(2,055)
-
(1,529)
(931)
(840)
(4,456)
(400)
(448)
(1,119)
(1,050)
-
(60)
(9,194)
(22,082)
918|**Total**
**2023**
**£**
-|
|---|---|---|
|||-|
|||33,527|
|||33,527|
|||19
693|
|||713|
|||(1,927)
-
(1,569)
(977)
(660)
(11,265)
(400)
(547)
(538)
(1,026)
-
(61)
(9,194)|
|||(28,164)|
|||1,980|
Page 15