REGJSTERED CHARITY NUMBER: 207304
REPORT OF THE TRUSTEES AND
UNAUDrrED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
FOR
MARY HOUGHAM ALMSHOUSES TRUST
Mccabe Ford Williams
Chartered Accountants
Charlton House
Dour Street
DOVER
Kenl
CT16 IBL

MARY HOUGHAM ALMSHOUSES TRUST
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Page
Reference and Administrative Details
Report of the Truslees
Independent Examiner's Report
Statement of Financial Activitie5
Balance Sheet
Notes to the Financial Statements
7 to 12
Detailed Statement of Financial Activities
13

MARY HOUGHAM ALMSHOUSES TRUST
REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 MARCH 2024
TRUSTEES
Ms D Grossman
B Garthier (resigned 5.6.24)
P Dodkins
A Friend
PDJull
Mrs J Arfinan
M Conelly (resigned 5.6.23)
G Cowan (appointed 6.6.23)
Dr L Leith {appointed 14.8.24}
PRINCIPAL ADDRESS
70 St Leonards Road
DEAL
Kent
CT14 9AY
REGISTERED CHARITY
NUMBER
207304
INDEPENDENT EXAMINER
Mccabe Ford Williams
Charteied Accounlants
Charlton House
Dour Street
DOVER
Kent
CT16 IBL
CLERK AND TREASURER
Mrs B Ransom
INVESTMENT HOLDER
CCLA
85 Queen Victoria Street
London
EC4V 4ET
Page I

MARY HOUGHAM ALMSHOUSES TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
¢ trnstees present their report with the fjnancial statements of the charity for the year ended 31 March 2024. The
trustees have adopted the provisions of Accounting and Reporting by Charities: Sthtement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the
UK and Republic of Ireland (FRS I02) (effective l January 2019).
The Mary Hougham Almshouses Charity was set up by a conve)'ance dated 25 March 1890 and schemes which regulate
the operations of the Charity dated 23 February 1981 and 7 April 1986 as amended on 14 February 2018 and 21 October
2020. The Charity became a registered Housing Association on 16 June 1986 and was deregistered on 19 September
2001.
OBJECTIVES AND ACttVlTIES
Objectives and aims
a) The objective of the charity is to procure, maiThtain and let 12 Almshouses in Deal. The residents shall be aged and
infum Deal Boatsnen and subject thereto poor. aged and infm persons thlLO are inhabiLqnts of the former Borough of
Deal a5 consti￿ted on the 31 March 1974.
b) Whilst there are only 12 units, and vacancies generdlly occur rdrely. applications for occupancy are invited annually
t1￿)Ugh public notice in the local press and on notice boards of the Deal Town and Walmer Parish Councils and
references from the Dover District Council. Residents are then selected having regard to the aims of the Charity, its
approved criteria and following intervieiv.
c) After complying with the financial requirements, detailed in the Scheme of Administration, the income of the Charity
shall be applied for the benefit of the occupants or any of them in such a manDer as the Trustees think fil from time to
time.
d) The occupanis were granted a sum in respect of each Property equivalent to the Water Charge5 payable for the year.
Administration
Trustees rnet a total of six times dunno the year. three additional meetings ivere held to discuss a serious issue regarding
thc contract for the back window replacements.
The Trusiees had instnicted a business to undertake the works and had the previous year paid a s￿/0 deposit of £45,58 l.
After seN"eral start dates had elapsed, Trustees N*ere made aiTr47re that the owner had County Court Judgements against
him. The Clerk infornied the Charities Commission of the potential SI￿1]ricant loss and the required report was filed in
accordance ii-ith the reoulations. The Clerk filed a report i1.ith the Fraud Invesligaiion Service. Trustees reviewed the
policies and procedures and iiere salisfied that these had been followed. Despite havin2 a meeting with the business
olimer and going throuJtF ihe mediaiion process li was not possible to negotiate any refund of the dep051t. The owner
l.as subsequentl). made bankrupt. The Charity registered the loss with the administrators and updated and closed the
repori ii-ith the Charities Commission.
Tii'o vacancies arose during the year" one dwelling undeThvent a partial refiwbishment whilst the other needed a complete
refurbishment before new residents could move in.
Tersons (Managing Agent) maintained a personal link with the residents and continued to respond speedily to needs
associated wilh housing, repairs and initial health issues.
Publie Benefit
When rcvieiving the Charity's aims and objectives, measuring performance and planning future activities, trustees have
had regard to the Charity Commission's guidance on public benefit.
Revaluation
Investments are revalued at each year end and the iThcreasei'decrease in value is charged to the applicable funds at the
year end. The change is not directly distributable to the resident5.

INDEPENDENT EXAMINER'S REPORT TO TH E TRUSTEES OF
MARY HOUGHAM ALMSHOUSES TRUST
.ependen¢ examiner's report to the trustees of Mary Hougham Almshouses Trust
,tport to the charsty trnstees on my examination of the accounts of Mary Hougham Almshouses Trust (the Trnst) for
e year ended 31 March 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 (Ihe Act).
I report in respect of my examination of the Trust's account5 carried out under Section 145 of the Act and in Carrying out
my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5){b) of
the Act.
Independent examiner's stalement
I have completed my examination. I confirn] that no material matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect-
accounting record5 were not kept in respect of the Tn￿t as required by Section 130 of the Act" or
the accounts do not accord with those records- or
the accounts do not comply wilh the applicable requirements concerning the forn] and content of accounts set out
in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a
trne 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 matter5 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.
Mr J Sheather Bsc FCA
Mccabe Ford Williams
Chartered Accountants
Charlton House
Dour Street
DOVER
Kent
CT16 IBL
Date..
Paoe 4

MARY HOUGHAM ALMSHOUSES TRUST
STATEMENT OF FINANCIAL ACTtVlTIES
FOR THE YEAR ENDED 31 MARCH 2024
2024
Total
fimds
2023
Total
fimds
Unrestricted
funds
Restricted
fimds
Endowment
fund
Notes
INCOME AIND
ENDOWMENTS FROM
Residents mainienance
contributions
Investment income
69,834
5,858
69,834
5.858
64,934
9,496
Total
75.692
75.692
74,430
EXPENDITURE ON
Charitable activities
Operating ¢05ts
87.050
87.050
230,294
Net gains/(losses) on
investments
10.636
10.636
(28,884)
NET
INCOMEI(EXPENDITURE)
(722)
(722)
(184,748)
RECONCILIATION OF
FUNDS
Total funds brought forward
315,020
2.600,000
2,915,020
3,099,768
TOTAL FUNDS CARRIED
FORWARD
314.298
2.600,000
2,914,298
2,915,020
The notes forn part of these financial statements
Patie 5

MAR Y HOUGHAM ALMSHOUSES TRUST
BALANCE SHEET
31 MARCH 2024
2024
2023
Notes
FIXED ASSETS
Tangible a55etS
Investments
2.600.000
24,390
2,600,000
23,356
2,624,390
2,623.356
CURRENT ASSETS
Debtors
Investments
Cash at bank
892
246,607
44,259
46,542
187,005
61,687
io
291,758
295.234
CREDITORS
Amounts falling due within one year
(1.850)
(3,570)
NET CURRENT ASSETS
289,908
291,664
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,914.298
2,915,020
NET ASSETS
2.914.298
2,915,020
FUNDS
Unrestricted fimds..
Generdl ￿nd
Capital Fund
Cyclical Maintenance Fund
Eitra Ordinary Repair Fund
Expansion Fund
13
42.775
24,916
25,664
25,664
195,279
18,132
23.882
40,420
45,581
187,005
314,298
315,020
EndoiTrTnent funds
2.600,000
2.600,000
TOTAL FUIYDS
2,914,298
2,915,020
The fmancial statements i*'ere approved by the Board of Truslees and authorised for issue
147...j.Q.:..l.P..l..Kl......... and were signed on its behalf by:
on
D Grossman- T
te
The notes forni part ofthese financial slatements
Paoe 6

MARY HOUGHAM ALMSHOUSES TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
STATUTORY INFORMATION
Mary Hougham Almshouses Tn￿t is an uninconx)rated charity.
The presentation currency of the financial statements is the Pound Sterling (£).
ACCOUNTING POLICIES
Basis of preparing the financial statements
The Financial statements of the charity, which is a public benefit entlty under FRS 102. have been prepared in
accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of
Recommended Practice applicable to charities preparing their accounts in accordan¢¢ with the Financial
Reporting Standard applicable in the UK and Republic of Iieland (FRS 102) (effective l January 2019),,
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland, and the Charities Act 2011. The financial statements have been prep￿ed under the historical cost
convenlion. with the exception of investmenls which are included at market value. as modified by the revaluation
of certain assets.
The trustees consider that there are no tnaterial uncertainties about the Charitys ability to continue as a going
concern.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds. it
is probable that the income will be received and the amount can be measured reliably. Income represents
Maintenance Contributions receivable.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constrnctive obligation committing the
charity to that expenditure, it is probable that a trdnsfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has
been classif1ed under headings that aggregate all cost related to the category. Where costs cannot be directly
attributed to particular hiadings they have been allocated to activities on a basis consistent with the use of
resources.
Tangible filed assels
MaTh, Houoham Almshouses were constructed in the late nineteenth Century. The original cost included the
improvernenls carried out since 1987 which were funded by a Housing Corporation Grant, a mortgage loan from
the Dover District Council secured by a charge on housing, land and buildings and from Mary Hougham
Almshouses Charity's own resources. As the properties are rnaintained in a 5tatc of repair such that their
estimated residual value is not less ihan their improvement cost or carrying amount, no dcprcciation is
applied.The properties are included at markei value.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance ￿1th the charitable objectives at the discretion of the trustees.
Unrestricted investments have been presented ai iheir fair value. as at the year end.
Restricted Funds can only be used for particular restricted purposes within the objects of the charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Cyclical Maintenance Fund (CMF). This reserve represents designated amounts set aside for Cyclical
Maintenance lo meet cosis in excess of budgeted expenditure for any year. If unused it will be used to expand
the amount of properties held by the charity.
Extra Ordinary Repairs Fund (ERF).: This reserve represents des7.￿lated amounts set aside to cany out major
repairs on housing properties. If unused it i¥ill be used io expand the amount of properties held by the charity.
Page 7
continued...

MARY HOUGHAM ALMSHOUSES TRUST
NOTES TO THE FJYANCIAL STATEMENfs - continued
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES- eonlinued
Fund 2ccountlDg
Expansion Fund. This reserve represents designated sums set aside to expand the amount of properties held by
the charity.
Capital fund. This consists of designated reserve5. made up of unrestricted donations received by the charity.
Endowment fimd. This con5l5ts of freehold property of the charity.
Investments
Investments are stated at their lair value and the increase/ decrease in value is charged to the applicable funds at
the year end. The change is not directly distributable to the tenants.
RESIDENTS MAINTENAIYCE CONTRtBUTIONS
2024
2023
Resident maintenance
69,834
64,934
INVESTMENT INCOME
2024
2023
Investment income
Interest receivable
5,209
649
9,233
263
5.858
9,496
TRUSTEES, REMUNERATIO]Y AND BENEFITS
There iyere no trnstees. remuneration or other benefits for the year ended 31 March 2024 nor for the year ended
31 March 20?3.
Trustees, expenses
There ii'ere no trustees, expenses paid for the Ye￿ ended 31 March 2024 nor for the )'ear ended 31 March 2023.
COMPARATIVES FOR THE STATEMENT OF FINAIYCIAL ACTIVITIES
Unrestricted
Restricted
funds
funds
EndO￿qnenl
fund
Total
funds
INCOME AND ENDOWMENTS FROM
Residents maintenance contributions
Inveslmenl income
64,934
9.496
64,934
9,496
Total
74.430
74,430
EXPENDITURE OIY
Charitable activities
Operating costs
230,294
230,294
Net gains/(losses) on investments
(28.884)
(28,884)
NET INCOMEI(EXPEliDITURE)
(184,748)
(184,748)
Page 8
continued...

MARY HOUGHAM ALMSHOUSES TRUST
NOTES TO THE FINANCIAL STATEMENTS - eontinued
FOR THE YEAR ENDED 31 MARCH 2024
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
Restricted
Endowinent
funds
nds
fund
Total
n(ts
RECONCILIATION OF FUNDS
Total funds brought forward
499.768
2.600,000
3,099,768
TOT AL FUNDS CARIUED FORWARD
315,020
2,600,000
2.915,020
TANGIBLE FIXED ASSETS
Freehold
property
COST OR VALUATION
At l April 2023 and 31 March 2024
2,600,000
NET BOOK VALUE
At 31 March 2024
2,600,000
At 31 March 2023
2,600,000
Cost or valuation at 31 March 2024 is represented by:
Freehold
property
Valuation in 2022
Cost
1,924,414
675,586
2,600,000
The freehold properties were valued by the trnstees al market value at 31 March 2024.
FIXED ASSET INVESTMENTS
Unlisted
investments
MARKF,T VALUE
At l April 2023
Revaluations
23,356
,034
At 31 March 2024
24.390
NET BOOK VALUE
At 31 March 2024
24,390
At 31 March 2023
23,356
There were no investment assets outside the UK.
continued...

MARY HOUGHAM ALMSHOUSES TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2024
F￿ED ASSET INVESTMENTS - continued
Cost or valuation at 31 March 2024 is represented by:
Unlisted
investments
115
(369)
(1,902)
(1.470)
1,034
26.982
Valuation in 2020
Valuation in 2021
Valuation in 2022
Valuation in 2023
Valuation in 2024
Cost
24,390
DEBTORS: AMOUNTS FALLING DUE WITHIN OIYE YEAR
2024
2023
892
46,542
Debtors and prepayments
io.
CURRENT ASSET INVESTMENTS
2024
2023
Purchase
Units
Market
Market
Cyclical Maintenance Fund
Extra Ordinary Repairs Fund
Expansion Fund
25.000
25,000
206,983
20,870
20,870
I58.802
25,664
25,664
195,279
187.005
256,983
200,542
246,607
187,005
ii.
CREDITORS: AMOUNTS FALLING DUF. WITHIN ONE YEAR
20?4
2023
1.850
3,570
Sundry creditors
12.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
Restricted
funds
fimds
2024
Total
tunds
2023
Total
funds
Endowment
rund
Fixed asse15
Invesmients
Current assets
Cu￿ent liabilities
2,600,000
2,600,000
24,390
291,758
(1,850)
2,600,000
23,356
295,234
(3,570)
24.390
291.758
(1,850)
314,298
2,600,000
2,914.298
2,915.020
Page 10
continued...

MARY HOUGHAM ALMSHOUSES TRUST
NOTES TO THE FINANCIAL STATEMENTS- conlinued
FOR THE YEAR ENDED 31 MARCH 2024
13.
MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
between
fi￿d5
At
31.3.24
At 1.4.23
Unrestricted funds
General fund
Capital Fund
Cyclical Maintenance Fund
Extra Ordinary Repair Fund
Expansion Fund
18.132
23,882
40,420
45,581
187,005
34,223
1,034
664
(44,917)
8.274
{9,580)
42,775
24,916
25,664
25,664
195,279
(15,420)
25,000
315.020
{722)
314.298
Endowment funds
EndOl￿Dellt Fund
2,600.000
2,600.000
TOTAL FUNDS
2,915,020
(722)
2,914,298
Net movement in fimds, included in the above ale Ls follows=
Incoming
Resources
expended
Gains and
losses
Movement
in funds
Unrestricted funds
General fund
Capital Fund
Cyclical Maintenance Fund
Extra Ordinary Repair Fund
Expansion Fund
75,692
(41,469)
34,223
1,034
664
(44,917)
8,274
1,034
664
664
8,274
(45,581)
75.692
(87,050)
10.636
(722)
TOTAL FUNDS
75.692
(87,050)
10.636
{722)
Comparatives (or movement in funds
Net
movement
in funds
At
31.3.23
At 1.4.22
Unrestrieled funds
General fund
Capital Fund
Cyclical Maintenance Fund
Exira Ordinary Repair Fund
Expansion Fund
7,196
10,936
(1.470)
(119,245)
(54,658)
(20,311)
18,132
23,882
40,420
45,581
187,005
159,665
100,239
207,316
499.768
(184,748)
315,020
End0￿'MeTrt funds
EndoiTrTnent Fund
2.600.000
2,600,000
TOTAL FUNDS
3,099,768
(184,748)
2,915,020
Pagell
continued...

MARY HOUGHAM ALMSHOUSES TRUST
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 MARCH 2024
13.
MOVEMENT IN FUNDS - continued
Comparative net movernent in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
Unrestricted funds
General fimd
Capital Fund
Cyclical Maintenance Fund
Extra Ordinary Repair Fund
Expansion Fund
74,430
(63,494)
10,936
(1,470)
(119,245)
(54,658)
{20,311)
(1,470)
(9.593)
(5,510)
(12,311)
(109,652)
(49,148)
(8,000)
74,430
(230,294)
(28,884)
(184,748)
TOT AL FUNDS
74,430
(230.294)
(28,884)
(184,748)
14.
RELATED PARTY DISCLOSURES
There were no related party transaclions for ihe year ended 31 March 2024.
Page 12

MARY HOUGHAM ALMSHOUSES TRUST
DETAILED STATEMENT OF FINANCIAL AcfIvITIES
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
INCOME AND ENDOWMENTS
Residents maintenance contribulions
Resident maintenance
69.834
64,934
Investment ineome
nvestment income
Interest receivable
5,209
649
9,233
263
5,858
9.496
Tot21 incoming resources
75,692
74.430
EXPENDITURE
Charitable activities
Rates and Nvater
Insurance
Sundry expenses
Management fecs
Unidial charges
Stair lift maintenance
Service charges
National associatton of almshouses
Ombudsman
Repairs and maintenance
Room hire
Repairs - Electrical ivorks
RLpairs - Fire protection
Repairs - Gas Fires
Repairs - Water
Refurbishment
Loss of deposit due to supplier insolvency
Independent examiner's fee
Clerk's expense5
Accountancy and adTninistrdtion
Professional fees
2,597
2,373
145
7.200
931
624
4.101
311
58
1.480
131
971
32
2,759
1,819
11,924
45,581
1,782
1.728
503
2,125
3,071
117
15,600
1,830
1,721
1.905
198
55
1,930
74
552
497
4,555
192,476
1,512
1.224
780
72
87,050
230,294
Total resources expended
87,050
230,294
Net expenditure before gains and losses
{11,358)
(155,864)
Realised and unrealised recogni5ed gains and 105se5
Surplusldeficit on invL'stments
10,636
(28,884)
Net expenditure
(722)
(184.748)
This page does not forni part of the statulory financial statements
Page 13