REGIsfERED CHARrrY NUMBER: 206827 REPORT OF THE TRusfEES AND IINAUDrrED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 FOR CHARITY OF ROGER REEDE Clemence Hoar Cummlngs Chartered Accountants Rlverside House 1-5 Como Street Romford Essex RM7 7DN
CHARrrY OF ROGER REEDE coiirENTS OF THE FINANCIAL STATEMENTS FOR THe YEAR ENDED 31ST MARCH 2024 Page Report of th• Truste Independent Examlner's Report Statement of Flnanclal Actlvltl•• Balance Sheet Note• to the Flnanclal Statements 10 to 16 Detalled Statsment ol Vlnanclal Actlvltle• 17
CHARrrY OF ROGER REEDE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 Thls Report contains ten Settlons l. l. The Alms and Objects of thls Charlty 2. Its Actlvltles durlng the past year 3. Publlc Beneflt 4. Dlscrlrnlnation S. Its Financlal Posltlon 6. Investment Pollcy 7. Reserves Pollcy 8. Its Plans for the Future 9. Its Structure 10. Management ol Rlsks The detalls reported are as at 31st Mah 2024 unless otherwlse stated. Page I
CHARrrY OF ROGER REEDE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 OBJecrives AND ACTIVITIES l. The Alms and Objects of tha Charlty The foundatlon of the Charlty dertve5 from the Wlll of Roger Reede, a Romford merchant and landowner who dled In 1482. Its current govemlng document 15 a regulatlng Scheme of the Charlty Commlssloners sealed on the 16th August 1976, with 5ybsequent amendments dated 28th November 1985, 19th August 1997, 31st January 2000, and 5th Ortober 2001. The Charity Reg15tratlon Number Is 206827. The Charlty's object Is the prov151on of almshouses for the benefit of Poor Men of Good Character unable to malntaln themselves by thelr own exertlons through age, 111-health or Inftrmlty. Over the past few years the charlty has ft>und It dlfflcult to attract slngle gentlemen. The Charlty Commlssloners therefore agreed an amendment to the scheme (by a further scheme dated 5th October 2001) whlch states the Almspeople shall be poor men, or falllng thati poor women who are unable to malntaln themselves. The wlfe of an Alm5man may be attommodated, and Ilkew15e the wldow of an Almsman. It Is a condltlon of appolntment that Almsmen are Capable of Independent Ilvlng as no nurslng or other care Is provlded by the charlty. There are 51 bungalows and flats on the Charlty's Estate, Includlng the former warden's house whlch has been converted Into 2 flats. The E5tste Is In Church Lane, Romford, near the town centre, In the London Borough of Haverlng. One Almshouse (separately funded by the Charlty known as the Wllllam Hunnable Almshouse) has Sllghtly dlfferent quallflcatlon5 for occupancy. These a that those concerned shall be persons of good chararter who {extept In spedal cases to be approved by the Charlty comm1ss1one) are sIdent In the Parfsh of Rornford as constituted on 23rd July 1928. It should furthemiore be noted: (a) The a altogether 3 Almshouses (Includlng the Wllllam Hunnable Almshouse) on the Charlty's E$tste whlch were funded wlth money derlved from other sources and to whlch the Trustee$ were always permltted to appolnt slngle ladles. (b) A separate Charlty, known as 'the Rellef In Need Fund., Is constituted by the Charlty Comml551oners' Scheme dated 16th August 1976 wlth an amendment dated 5th October 2001. The Trustees apply the Income In rellevlng elther generally or Indlvldually persons resldent In the area of the anclent Parlshes of Romford, Hornchurch and Dagenham who are In condltlons of need, hardshlp or dlstress by m8klng grants of money or provldlng or paylng for Items, servlces or f)cllltles calculated to reduce the need, hardshlp or dlstress of such persons. 2. Actlvltlei for the past year. In addltlon to the normal routlne malntenance and repalrs to the charlty's estate, almshouses whlch become vacant are redecorated or modernlsed as requlred. Soclal events for resldents have resumed followlng the pandemlc. On the estate resldents are provlded wlth the use of a clubroom and laundry wlth washlng and drylng facllltles. The charlty's estate Is part of the Nelghbourhood Watch Scheme. V151ts from local CSOS take place to reassure and advlse resldents. Regular updates of forthcomlng sodal events and general remlnders concemlng estate matters are placed on the two notlce boards and clrculated to SIdents. Apart from repalrs and refurblshment the accommodatlon as requlred the charlty has undertaken landseaplng projert to the old overyrown allotment area on the estate and resurfaced the maln entrance to the estate. Mr Rlchard Stephenson Msc MRICS undertook a qulnquennial inspection of the estate on 7th-to 10th May 2024. Page 2
CHARrrY OF ROGER REEDE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 OBJECTIVES AND AcrIvrrIRs 3. Publlc beneflt The tru5tee5 conslder the charlty more than meets the publlc beneflt test by provldlng good quallty accommodatlon at reasonable cost for older persons of Ilmlted means. Sultable appllcants are Intervlewed and Invlted to look around the estate. If thelr appllcatlon Is successful thelr names a placed on a waltlng Ilst. People on the waltlng Ilst are offered accommodatlon as soon as a 5ultable property becomes avallable, followlng redecoratlon and any renovatlors whlch Is requlred to be undertaken. 4. DIKrlmlnatlon The charltyls restrlcted under Its governlng Instrument malnly to provldlng homes for men of retlrement age. Subject to thls restdctlon, the charfty does not dlscrlmlnate on grounds of race, rellglon, sexual orlentstlon, dlsablllty and gender, and welcomes appllcants from all parts of the communlty. The trustees contlnue to ensure that the requlrements ol the Dlsablllty Dlscrlmlnatlon Act are whenever practlcable complled wlth. Wlth the safety and access for the dlsabled In mlnd a fijll revlew of the estate Is undertaken on a regular basls by the trustees and the work requlred to be dealt wlth Is noted and undertaken on a planned programme. FINANCIAL REVIEW 5. Tho Chprlty's Flnanclal Po8ltlon As set out In the annual accounts, whlch are approved by the Trustees. The Charlty made a deflclt of £12,297 for the year ended 31st March 2024 (2023 defldt of £58,988) At 31st March 2024 the Charlty has funds of £972,179 12023 É984,473). The Trustees conslder the Charlty's posltlon to be sound, and that It Is able to meet Its Ilabllltles as they fall due. 6. fnva8tment Pollcy The Charlty's permanent endowment Is not large In proportlon to Its slze. Presently all Its glar expendlture Is met by Its regular Income but to the extent that there Is a surplus, that surplus Is mostly deslgnated for future use. The need to galn access to those funds at short notlce means that they canrbot be Invested In anythlng other than deposlt accounts of one type or another. In vlew of the comparatlvely small slze of the Charfty's permanent endowment, an Investment advlser Is not retalned, and the Charfty's money Is placed In a selectlon of dedlcated Charlty Funds. These produce a modest Income, but whlch are selected In the hope that they wlll produce capltal growth whlch wlll at least ensure preservatlon of the value of those funds. 7. Reserves Pollcv Unallocated bank balances are carrted forward and In thls re9ard the trustees have In mlnd the need to always malntaln sufflclent reserve to ensure that fluctuatlons In Income do not cause short-tem problems In fundlng the Charlty's actlvltles. The trustees revlew thelr RerVeS Pollcy at least once a year. 8. THE CHARITY'S PLANS FOR THE FUTURE Broadly speaklng these constltute more of the same l.e., to repalr and malntaln the charlty's present Estate, to Improve Its facllltles as occaslon requlres and funds permlt. The trustees contlnue to revlew how the role of the charlty may be adaptedlextended/modern15ed, Conslderatlon wlll be glverk to the provlslon of additSonal servlces to resldents, subject to the overrldlng objectlve that resldents should be able to lead Independent Ilves. The Schemes of the Charlty Commlssloners under whlch the Char5ty operates are kept under revlew. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The charlty 15 controlled by Its govemlng document, a deed of trust and constitutes an unlncorporated charlty. Page 3
CHARrrY OF ROGER REEDE REPORT OF THE TRusfEES FOR THE YEAR ENDED 31ST MARCH 2024 srRucfuRE, GOVERNANCE AND MANAGEMENT 9. Oryanisational structure The Scheme under whith the charity is administered pernilts a totsl of thirteen competent person5 to constitute the body of trustees. Vlhen appointing trustees, although there are no particular qualification requlrements. considerotion is given to any specialist and professional knowledge they may offer the charity. They are persons who through residen, occupation employment or otherw15e have Special knowledge of the area of the antient Parishes of Rornford, Hornchurch and Dagenham. Tru5tee5 are appointed by the existing body of trustees for a term of five years. The tnjstees have appointed a Clerk to co-ordinate the activities of the Charity and to adv15e upon and admlnister the Charity's affair5. Mr Derek Holland, a member of the Firm of Hunt & Hunt LLP of Blackbum House 22126 Eastem Road, Romford, Essex, RMI 3LT Is the aerk to the Trustees. The clerk 15 a55i5ted In his dutie5 by members of hi5 fim)'s staff. Due to the nature and size of the Charity no spetific training 15 gtven to tru5tee5. Tru5tee5 are kept up to date by the Clerk with changing rules from the Charity Commissioners and through a publicatlon by the Almshouse Assoclatlon which is orculated to each trustee. The Clerk attend trdlnlng events, and where appropriate guidan Is given to trustees. The tnjstees meet quartedy. A Site Manager has been appointed by the Trustees. She currently work5 4 day5 a week, 2.5 hours a day. The charity arrdnges and pays for all extemal windows on the estate to be deaned regularfy. The charlty also arranges and pays for the grass on the estate to be cut and the grounds maintslned In a tidy condltion. In addltlon, a gardener cuts the grass for any resident unable to undertake thls task. The Chartty presently meets the tNater charye for the Estate from its endowment incorne. Clemence Hoar Cummlngs Chartered Accountants, of RiversHde House, 1-5 Corno Stree( Romford, Essex. RM7 7DN, are the Accountants to the Trustees and certify the annual accounts. The charity's banker5 are Natlonal Westmlnster Bank Plo 10 South Street, Romford. Hunt & Hunt Solicitor5 LLP art a5 501iators to the charfty. Page 4
CHARfrY OF ROGER REEDE REPORT OF THE TRusfEES FOR THE YEAR ENDED 31sr MARCH 2024 srRUCTURE, GOVERNANCE AND MANAGEMENT 10. Rlsk management The tn15tees have a duty to Identlfy and review the risks to whlch the chadty Is exposed and to ensure appropriate controls are In pla. The trustee5 have a duty to Identlfy and revlew the rlsks to which the charfty Is exposetl and to ensure approprlate controls are In place to provide reasonable assurance agalnst fraud and error. No material change has taken place slnce the assessment carrled out last year, whlch was as follows: (a) An Inability to find sultable appllcants for the accommodatlon. Thls may arise for various reasons but perhaps particularfy due to the changlng requlrements of potentlal beneficiarie5. The trustees are not at present havlng dlfficulty obtalnlng appllcants for any accommodatlon, and this is supported by a low level of vold5. The trustees are aware that bed51t accommodation15 becomlng less popular, but thls Is not a problem at present. (b) Rlght to Reside In vlew of the recent leglslatlon an addltlonal dause has been Inserted In the appllcatlon form requestlng proof of an applicant's rlght and the rlght of anybody who wlll Ilve In the property to reslde In the Unfced Klngdom. (c} Changes In State Benefits arrangements upon whlch most of our appllcants depend. It Is very difficult to forrnulate a strategy for deallng with this should it ever occur because most of our resldents would have difficulty paying the full weekly maintenance contribution. The charlty can do no more than monitor potentlal developments and make plans as may be appropriate in the light of them. (d) Crime, trespassers on the Estste and personal securlty of Re51dents. v1g1lan Is dearly the answer to much of thls potentlal problem. Crlme prevention advice Is glven to resldents when and where appropriate. The chadty however attepts that residents are entitled to thelr prtvacy and to lead Independent lives. (e) CCTV ccrv cameras have been installed covering m05t areas of the estate. (f) Fraud, Corruptlon, Theft, & Mlsapproprlation of Assets. This 15 not belleved to have been a pmblern thu5 far. 'The risks of theft centre prlnclpally on items in the club room and laundry. Loss of Money Insuran is carrled In thls regard and ftjnds are regularly Checked Sn the Clerk's office. (g) FaIlU to meet statutory and regulatory requirements, The Clerk's office regularly keeps an eye out for notificatSon of potentlal changes. Some Trustees have experience in relevant flelds. Where approprlate the trustees seek profe55ional advlce. It Is thought that as much as can be done is presently belng done. (h) Publle Llabllity. Rlsks are monitored and Insurance protsttlon is carried. (l) Hre. Insurance protertSon Is carrled agalnst thls risk. Again, v1g11an Ss requlred to mlnlmlze the rlsk of fire. Each almshouse has a smoke detector fitted which Is regularly tested, REFERENCE AND ADMINIsfRATIVE DETAILS Registered Charlty number 206827 Prlnclpal addre## Blackburn. House 22-26 Eastern Road Romford Essex RMI 3LT Page 5
CHARITY OF ROGER REEDE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 Trustees The Charity of Roger Reede is administered by a body of Trustees whose names are as follows, with dates of their ffirst appointment.. The Venerable Michael Power {Chairman) Appointed 12th December 2016 Re-appointed 13th December 2021 Mrs.Annette Walsh, 7th September 1993 Re-appointed September 1998 Re-appointed September 2013 Re-appointed September 2018 Reappointed September 2023 Mrs.Joanna Bere5ford 9th December 2003 Re-appointed September 2019 Mrs.Janet Comben 13th December 2010 Re-appointed December 2015 Re-appointed December 2020 Mrs Janet Jenkins Appointed 14th December 2020 Mrs Joanna Hardy-van Den Beld Appointed 26th September 2022 Mr$ Julie Frost Appointed 12th December 2022 Mr Steve Wood Apartment 1003 Titanium point 24 Palmers Road London ES OFA TRUSTEE RESIGNATIONS Mr.Liam Grace - Resigned July 2023 Mrs Lesley Denton - Resigned September 2023 Independent Examiner Clemence Hoar Cummings Chartered Accountants Riverside House 1-5 Como Street Romford Essex RM7 7DN Approved by order of the board of trustees on by: and signed on its behalf The Ven. Michael ower - Trustee Page 6
INDEPENDENT EXAMINER'S REPORT TO THE TRusfEES OF CHARrrY OF ROGER REEDE Independent examlner's report to the trustees of Charlty of Roger Reede I report to the charlty trustees on my examlnatlon of the accounts of Charlty of Roger Reede (the Trust) ror the year ended 31st March 2024. Responsibllities and basls of report As the chartty trnstees of the Trust you are responsible for the preparatlon of the accounts In accordance with the requirements of the Charlties Act 2011 ('the Act,). I report In respett of my examlnatlon of the Trust's account5 carrled out under Sectlon 145 of the Act and in carrylng out my examlnatlon I have followed all appllcable Dlrectlons glven by the Charlty Commlsslon under Sectlon 145(5){b) of the Act. Independent examlner's ststement Since your charoty's gross Income exceeded £250,000 your examiner must be a member of a Ilsted body. I can confim) that I am quallfled to undertake the examinatlon because I am a member of the Instltute of Chartered Accountants In England and Wales, whlch Is one of the Ilsted bodies. I have completed my examlnatlon. I confirm that no material matters have come to my attentlon In connectlon wlth the examlnauon glvlng me cause to believe that In any materlal respett: accountlng records were not kept In respect of the Trust as reqUId by Sectlon 130 of the Act; or the accounts do not accon1 wlth those records; or the accounts do not comply wlth the appllcable requlrements concerning the fonn and content of accounts set out In the Charftles (Accounts and Reports) Regulatlon5 2008 other than any requirement that the accounts glve a true and falr vlew whlch is not a matter consldered as part of n independent examlnatlon. I have no concems and have come across no other matters In connettion wlth the examlnatlon to whlch attentlon should be drawn In thls report In order to enable a proper undetstandlng of the accounts to be reached. Davld Belbln Bsc FCA DChA Clemence Hoar Cummings Chartered Accountants Riverslde House 1-5 Como Street Romford Essex RM7 7DN Date: Page 7
CHARrrY OF ROGER REEDE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024 2024 Unrestrl¢ted funds 2023 Total funds Notes INCOME AND ENDOWMENTS FROM Charltable actlvltles 321,152 308,826 Investment Income 28,691 13,941 Total 349,843 322,767 EXPENDITURE ON Charltable actlvltles 273,750 286,938 other 93,651 87,495 Totsl 367,401 374,433 NET INCOME/(EXPENDITURE) other rncoqnl8ed galns/(losses) Galnsl(losses) on revaluatlon of fixed assets (17,558) (51,666) 5,261 (7,322) N•t movement In fund• (11297) (58,9B8) RECONCILIATION OP PUNDS Total funds brought forward 984,473 1,043,461 TOTAL VUNDS CARRIED FORWARD 972,176 984,473 The notes form part of these financial statements Page 8
CHARITY OF ROGER REEDE BALANCE SHEET 31ST MARCH 2024 2024 Unrestrlcted funds 2023 Total funds Note5 FIXED ASSETS Tangible assets Investments 183,901 173,201 191,896 167,940 io 357,102 359,836 CURRENT ASSETS Debtors Investments Cash at bank li 12 3,148 478,300 140,537 1,835 450,498 180,085 621,985 632,418 CREDXTORS Amounts falllng due wlthln one year 13 (6,911) (7,781) NET CURRENT ASSETS 615,074 624,637 TOTAL ASSETS LESS CURRÉNT LIABILITIES 972,176 984,473 NET ASSETS 972,176 984,473 FUNDS Unrestricted funds 14 972,176 984,473 TOTAL FUNDS 972,176 984,473 The flnan al statements were approved by the Board of Trustees and authorSed for Issue on and were signed on Its behalf by: The Ven. Michael Power - Trustee The notes form part of these financlal statements Page 9
CHARrrY OF ROGER REEDE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 ACCOUNTING POLICIES Basls of preparlng the financial statements The flnanclal statements of the charlty, whlch Is a publlc benefft entlty under FRS 102, have been prepared In accordance wlth the Charltles SORP (FRS 102) 'Accountlng and Reportlng by Charities: Statement of Recommended Practlce appllcable to charltles preparing thelr accounts in accordance wlth the Financial Reportlng Standard appllcable in the UK and Republlc of Ireland (FRS 102) (effective l January 2019),, Flnanclal Reporting Standard 102 The Financial Reportlng Stsndard appllcable In the UK and Republlc of Ireland, and the Chadtles Act 2011. The financlal statements have been prepared under the historical cost convention, wlth the exceptlon of Investments whlch are Included at market value. Inwme All income Is recognlsed In the Statement of Finandal Activities On the charlty has entltlement to the funds, It Is probable that the Incorne wlll be retsSved and the amount can be measured rellably. Expendlture Uabllltie5 a recognlsed as expenditure as soon as there Is a legal or construttlve obllgatlon commltting the charlty to that expenditure, it is probable that a transfer of economlc benefits will be requlred In settlement and the amount of the obllgatlon can be measured rellably. Expendlture Is attounted for on an accruals ba515 and has been classified under headlngs that aggregate all 0St related to the category. Where cost5 cannot be dlrertly attributed to partlcular headlngs they have been allocated to actlvltles on a basis conslstent with the use of resources. Tanglble flxed assets Depreclatlon Is provlded at the following annual rate5 In order to wrfte off each asset over Its estimated usefijl Ilfe. Freehold property 2% on cost Taxatlon The charlty Is exempt from tsx on its charitable activitles. Fund accountlng Unrestrftted funds can be used In accordance wlth the charltable objectlves at the dlscretlon of the trustees. Restrlcted fvnds can only be used for partlajlar restrlcted purposes wlthln the objects of the charity. Restrfctlons arlse when speclfied by the donor or when fvnds are ralsed for partlcular restrltted purposes. Further explanatlon of the nature and purpose of each fund Is Included In the notes to the flnanclal statements. Hlre pUhse and leasing commltments Rentals pald under operatlng leases are charged to the Statement of Flnancial Artlvities on a Straight Ilne basls over the perlod of the lease. Page 10 ¢ontlnued...
CHARITY OF ROGER REEDE NOTES TO THE FINANCIAL sfATEMENTS - contlnued FOR THE YEAR ENDED 31sr MARCH 2024 CHAIUTABLE ACTIVITIES 2024 2023 Contrlbutlons from almspeople Tumble drfer recelpts Car parklng 316,950 l771 1,425 305,371 2,295 1,160 321,152 308,826 INVESTMENT INCOME 2024 2023 Investment Income Deposlt account Interest 6,281 21410 6,217 7,724 28,691 13,941 CHARrrABLE ACTIVITIES Ch•rlt4bl• artlvlty co•t• 2024 2023 staff costs Repalrs & upgrades of property Water rates Insurance Llght and heat Telephone, post & statlonery Depreclatlon 9,229 217,871 7,325 7,319 13,162 2,406 7,995 12,399 230,351 11,087 7,413 5,225 5,460 7,995 265,307 279,930 Oth¢r tradln9 aCtlvltle• 2024 2023 Support costs 8,443 7,008 Aggregate amounts 273,750 286,938 Page 11 contlnued...
CHARrrY OF ROGER REEDE NOTES TO THE FINANCIAL STATEMEfns- contlnued FOR THE YEAR ENDED 31ST MARCH 2024 SUPPORT cosrs Governance Finan Totals other trading activities Other resources expended 350 8,093 93,651 8,443 93.651 350 101,744 102.094 TRUSTEES, REMUNERATION AND BENEFfTS There were no trnstees, remuneratlon or other benellts for the year ended 31st March 2024 nor for the year ended 31st March 2023. There were no tnJstees' expenses pald for the year ended 31st March 2024 nor for the year ended 31st March 2023. STAFF cosrs The average monthly number of employees durfng the year was Nll (2023.. NII). COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcllvmES Unrestrltted funds INCOME AND ENDOWMENTS FROM Charftable activitles 308.826 Investment Income 13,941 Total 322,767 EXPENDITURE ON Charltable artlvltles 286,938 other 87,495 Total 374,433 NEf INCOME/(EXPENDrnIRE) other recognlsed galns/(Iosses) Gains/(losses) on revaluatlon of fixed assets (51,666) (7,322) Net movement in funds (58,988) RECONCIUATION OF FUNDS Total funds brought fonyard 1,043,461 TOTAL FUNDS CARRIED FORWARD 984,473 Page 12 contlnued...
CHARITY OF ROGER REEDE NOTES TO THE FINANCIAL sfATEMENTS- contlnued FOR THE YEAR ENDED 31sr MARCH 2024 TANGIBLE FIXED ASSErs Freehold property COST At 1st Aprll 2023 and 31st March 2024 399,766 DEPRECIATION At 1st Aprll 2023 Charye for year 207,870 7,995 At 31st March 2024 215,865 NET BOOK VALUE At 31st March 2024 183.901 At 31st March 2023 191,896 Flxed assets are Insured for Insurance purposes for £7,023,694 10. FLXED ASSET INVESTMENTS Unllsted Investments MARKET VALUE At 1st Aprfl 2023 Impalrments 167,940 5,261 At 31st March 2024 173,201 NET BOOK VALUE At 31st March 2024 173.201 At 31st March 2023 167,940 There were no Investment assets outside the UK. 11. DEBTORS: AMOUNTS FALLING DUE WMIIN ONE YEAR 2024 2023 Trade debtors Prepayments and accnjed Income 1.020 128 1,835 3,148 1,835 Page 13 continued...
CHARrrY OF ROGER REEDE NOTES TO THE FINANCIAL STATEMENTS- contlnu¢d FOR THE YEAR ENDED 31sr MARCH 2024 12. CURRENT ASSEf XNVEsfMENTS 2024 2023 Unllsted Investments 478,300 450,498 13. CREDITORS: AMOUNTS FALLZNG DUE wrrHIN ONE YEAR 2024 2023 Trade credltors other credltors 746 6,165 279 7,502 6,911 7,781 14. MOVEMENT IN FUNDS Net movement In funds Transfers between fund5 At 31.3.24 At 1.4.23 Unrutrlcted fund• General fund Property Equlty account Extraordlnary Repalrs fund General Repalrs Fund Cycllcal Malntenance Fund 406,435 191,896 335,846 2¥329 (21,604) (7,995) 16,924 2&322 407,153 183,901 371770 20,000 (22,329) 20,493 7,474 (20,493) 500 Rellef In Need Fund 378 8,352 984,473 {12,297) 97&176 TOTAL FUNDS 984,473 (11297) 972,176 Net movement In funds, Included In the above are as follows: Incomlng resources Resources expended Galns and losses Movement In funds Unreltrlcted fund• General fund Property Equlty account Extraordlnary Repalrs fund Relief In Need Fund 332,541 (359,406) (7,995) 5.261 (21,604) (7.995} 16,924 378 16,924 378 349.843 (367,401) 5,261 {1&297) TOTAL FUNDS 349,843 {367.401) 5.261 (12,297) Page 14 contlnued...
CHARrrY op ROGER REEDE NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31ST MARCH 2024 14. MOVEMENT IN FUNDS - contlnued Comparatlv¢$ for movament In funds Net movement In funds Transfers between fijftds At 31.3.23 At 1.4.22 Vnrestrlcted funds General fund Property Equlty account Extraordlnary Repalrs fund General Repalrs Fund Cycllcal Malntenance Fund 441,323 207,886 310,094 44,312 16,777 (7,995) 5,752 (40,983) (51,665) (7,995) 20,000 19,000 406.435 191,896 335,846 22,329 32,166 7,680 (32,673) 134 21,000 (340) 20,493 7,474 Rellef In Need Fund 1,043,461 (58,988) 984,473 TOTAL FUNDS 1,043,461 {58,988) 984,473 Comparatlve net movement In funds, Included In the above are as follows: Incomlng resources Resources expended Galns and Movement losses In funds Unrestrlded fund• General fund Property Equlty account Extraordlnary Repalrs fund General Repalrs Fund Cycllcal Malntenance Fund 316,881 (292,782) (7,995) (7,322) 16,777 (7,995) 5,752 (40,983) 5,752 (40,983) (32,673) (32,673) 134 Rellef In Need Fund 134 322,767 <374,433) (7,322) (58,988) TOTAL FUNDS 322,767 (374,433) (7,322) (58,988) Page 15 contlnued...
CHARITY OF ROGER REEDE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31sr MARCH 2024 14. MOVEMENT IN FUNDS- rnntlnued A current year 12 months and prior year 12 Months comblned posltlon Is as follows: Net movement In funds Transfers between funds At 31.3.24 At 1.4.22 Unrestrl¢ted fitnds General fund Property Equlty account Extraordlnary Repalr5 fijnd General Repalrs FLtnd Cycllcal Malntenance Fund 441,323 207,886 310,094 H,312 {4,827) (15,990) 22,676 (40,983) (29,343) (7,995) 40,000 (3,329) 407,153 183,901 372,770 32,166 7,680 (32,673) 512 507 160 Rellef In Need Fund 8,352 1,043,461 (71,285) 972,176 TOTAL FUNDS 1,043,461 (71,285) 972,176 A current ye)r 12 months and prlor year 12 months comblned net movement In funds, Included In the Jbove art as follows: Incomlng resource5 Resources expended Galns and Movement losses In funds UnM*trlcted fund• General fund Property Equlty account Extraordlnary Repalrs fund General Repalrs Fund Cycllcal Malntenance Fund 649,422 (652,188) (15,990) (2,061) (4,827) (15,990) 22,676 (40,983) 22,676 (40,983) (32,673) (32,673) 512 Rellef In Need Fund 512 672,610 (741,834) (2,061) (71,285) TOTAL FUNDS 672,610 (741,834) (2,061) (71.285) IS. RELATED PARTY DISCLOSURES Durlng the year ended 31 March 2024 £4,601 was pald to Mr LA Grace, a trustee, for gardenlng work on the estate (£3,231 In 2023), Page 16
CHARrrY OF ROGER REEDe DETAILED STATEMENT OF FINANCIAL ACTivmES FOR THE YEAR ENDED 31ST MARCH 2024 2024 Unrestrltted funds 2023 Totsl funds INCOME AND ENDOWMEIITS Charltabl* actlvltlas Contrfbut5ons from almspeople Tumble drler recelpts Car parklng 316.956 2,771 1,425 305,371 2,295 1,160 321.152 308,826 Invutment Inrne Investment Income Deposlt account Interest 6,281 22,410 6,217 7,724 28,691 13,941 Total Incomlng r••ourc•# 349,843 322,767 EXPENDrruRe Charltable actlvlty co•ts Slte manager fees Repa5ts & upgrades of property Water rates Insurance Llght and heat Telephone, post & statlonery Depredatlon of tanglble flxed assets 9,229 217,871 7,325 7,319 13,162 2,406 7,995 12,399 230,351 11,087 7,413 5,225 5,460 7,995 265,307 279,930 Support ¢o•ts Flnan Bank charges 350 486 Governaft coBt• Independent examlnatlon Sundrles Advertlslng Legal & professlonal fees Clerk's offlce Call centre 3,216 4,877 2,508 3,442 572 4,875 73,000 9,620 2,400 75,600 15.651 101,744 94,017 Total resources expended 367,401 374,433 Net Incoma (17,558) (51,666) Thls page does not form part of the statutory flnandal statements Page 17