THE CRAYFORD EI CCLESJtASTllCAL CHARITIES TRUSTEES REPORI, AND ACCOUNTS FOR THE YEI AR ENDID.31.%'I' DECCIMBEI R 2023 IncliidiiiL': ANNIE PIM ALMSHOUSE CHARITY EDWARD IIUSSELL STONEI-IAM TI4EODORE PIM ALMSFIOUSE AUGMBNTATION CHARITY REI GISTRATION f4UMBER 208966 Bank: CAI:, Bunk Lid 25 1(iiigys l-lill Avenue Kingys l-ljll Wesl Malling Kenl ME19 45Q Independent Examiner: SADLER DAVIES & CO 3 Eiiterprise Holise 8 Esscx Road D1¢ Itl'ord lCei)t DAI 2AU
THE CRAYfi ORD ECCLESIASTICAL cLRITIEs INDLIPfi NDENT EXAMINERIS REPORT FOR THE YEAR ENDE 31 DEI CEMJJER 2023 INDEPENDENT EK411UNER'S REPORT TO TFIE TRUSTEES OF THE CRAYFORD ECCLESIASTICAL CHARITlfi S This rcport on the Financial statemeiits of the THfi CRAYFORD ECCLESIASTICAL CHAIUTIES for the year ended 3 l Deeeniber 2023, wliich al-e sel on pages I to 5 is in re8pe¢t of an examination Caled out in accordancc with sl 45 of Ilie Cl)arities Act 2011 (tIie Act). Respective responsibilities of the trustees And the examiner As Ilie charity trustees are responsible foi- tIIc PTeparntion of tIie accoimts,. you consider that the audit rcquirement of section 144(2) of the Aci does not apply and t11 an independent cxamination is needed. Ba$1$ of independent examiner's report Our examination was carricd out in accordance willi the general directions given by the Charity Commissioii. The cxan)ination includes a review of Uie accounting ir¢ords kept by Ilie Charity and a omparison of the accounts presented with thos¢ reeords. Il also includes ¢on.%ideration of any unusual items or disclosures in th¢ accounts and scekiiig explcinations fioni you as Iruslees coiicerning any such matters. "I'he procedures undertaken do not provide all Ilie evidence iliat would be required in an audit, and consequently we do not express an audit opinion oil Ilie view given by the accowils. Independent examiner's statement In connection with our examinatioi?, no mattel- lias come to oiw attenLion'. (l) which gives us i'easonable cause to believe that in ally material respect tIie requirements.. to keep accounting iEcords in accordancc with section 130 of the Act,. and lo prepare fxnaneial statejnents which accord with the accounting rccords and eomply with the requirements of the Act.. have not been met- or (2) to which, in our opinion, atlention should be drawn ill ol'der to enablc a proper understanding of tIie accounts to be reache(L" or {3) wliich gives us reasonable cause to believe that in any inalerial respcct the accounting rules of the cliarity's consti not becii met. Gernma arty FCA SADLER DAVIES & CO 3 Enterprise House 8 Essex Road Dartford Kent DAI 2AU Date: 30tII Septembei. 2024
THE CRAYFORD ECCLESIASTICAL CHARrnES REGN 208966 Annual Re ort of the Trustees for the Year Ended 31st December 2023 The Annle Pim Trust comprises three self-contained single floor cottages known as the almshouses, and one house. The properties are situated in Iron Mill Lane, Crayford, Kent DAI 4RN. Ob-ectiv sandPu lic Benefit: The trust deed dated 15th December 1910 provides "almshouses for the aged and deserving poor being members of the Estsblished Church of England and residing in the said Parish of Saint Paulinus, Crayford and the adjoining Parish of Bexley" The trustees let the house at a market rent, the surplus from which is used to pay for the upkeep of the almshouses. Livemiores Estate Agents manage the properties on a day-to-day basis for the trustees. In 2020 the chimneys were made safe and the roofs to the a5mshouses and house were replaced, the exterior rendering was refurbished together with the rainwater goods at a total cost of £83,694. The house no. 7 was refurbished costing £25,433.50. In 2021 no. 9 was completely refurbished at a cost of £25,615. The almshouses had new front doors in 2023. Reserves Poli The Theodore Pim Almshouse Augmentation fund was established to assist with the upkeep of the Annie Pim almshouses. The Edward Russell Stoneharn endowment fund was estsblished for the assistance of any respectable parishioner being a member of the Church of England, on account of ill health or misfortune. The Emergency Repair Fund is an investjnent with the Charities Official Investment Fund (COIF) for future repairs and there is a cyclical maintenance fund for routine repairs. Amounts transferred into these reseNes were in line with the recommendations of the National Almshouse Association. Trustees: The trust deed ststes that the trustees should be the incumbent of St Paulinus Church, Crayford and its Church Wardens with discretion to appoint others for their expertise. The trustees serving In 2021 were Rev Paul Prentice (Chair), David Day Church Warden (appointed 2017 for his expertise), Michael Onafuwa Church Warden. Co-opted to the committee: Mrs Carol Demuth (Honorary Treasurer) Trustees. res onsi The trustees are required under the Charities Act 2011 to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparing financial statements gimng a true and fair view, the trustees should follow best practice and: (a) Selett suitable accounting policies and apply them consistendy. (b) Make suitsble judgements and estimates that are reasonable and prudent. (c) State whether applicable accounting standards of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements. Prepare the financial ststements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation. (d) The trustees are resp)nsible for keeping accounting records, which enable them to disclose with reasonable accuracy the financial position of the charity, and for ensuring that they comply with applicable law and regulations. They are also responsible for safeguarding the assets of the charity and for taking reasonable steps for the prevention and deteciion of fraud and other irregularities.
Crayford Ecdesiastical Charltles (In¢luding Annie Pim Almshouse and ER Stoneham} Charity Registr*ion 208966 StatrmÈnt of A55ets and Liabilities as at 31st December 2023 FIXED ASSETS Properties Invèstments Annie Plm Investments Theodo Wm Investsnents Russell Stoneham Investrnents CharlUes Official IrNestment nd Deposit (COIF) Investsnwts Charlties Offloal Investment Fund ICOIFI Accumukyon Un 2,068.00 6,225.00 2,811.00 17,639.42 8 413.12 37,156.54 2,068.00 6,225.00 2,811.00 17.975.69 29,079.69 CURREP4T ASSETS BalarKe at bank.. Current Balawe at bank.. Dep)slt Managing Agent Debtor NEf CURREKf ASSETS TOTAL ASSErs 10,049.07 41,839.72 4 167.56 56 056.35 £ 93 212.89 3,271.23 41,068.80 46 196.03 £ 75 275.72 Represented ty,. Annie Pim Endowment Fund: rethcted Theodore Plm Endowment Fund.. restrlrted ER Stoneham Endowment Fund.. restrrted Cydical md1rrtenan Fund.. desgnated Extraordinary Repair Fund.. designated ACCUMULATED GENERAL RESERVES 068.00 6,225.00 2,811.00 17,639.42 8,413.12 2,068.00 6,225.00 2,811.00 12,260.98 5,714.71 46 196.03 £ 75 275.72 E 93 212.89 Rev Pmti
Crayford Ecclesiastical Charities (Includlng Annie Pim Almshouse and ER Stoneham) Charity Registration 208966 Ststement of Financial Activities For the Year Ended 31st December 2023 Note 2022 202 202 INCOMING RE Property income Investment income Interest received Other Income URCES 34,865.00 32,685.00 1,207.C6 1624.65 2,831.71 1,452.22 TOTAL INCOMING RESOURCES 37 696.71 34 137.22 OURCE EXP Management expenses Repairs & Maintenance-routine Repairs & Maintenance-non routine TOTAL EXPENDrtURE S,7.95 2,328.00 11574.00 19 809.95 5,720.59 2,0.00 8 620.59 INCOMIN LGOING 17,886.76 25,516.63 TrANSFER TO FUNDS Extraordlnary Repair Fund Less: ERF transferred from general 2 648.00 (2,648.00) (2,403.41) cydlcal Malntenance Fund Less: Cyclical Mtce tranSferd from general (5,378.44) (4,143.97) MOVEMEW IN FUNDS 9,860.32 18,969.25 GENERAL FUNDS BROUGHT FORWARD 46 196.03 27 226.78 GENERAL FUNDS CARIUED FORWARD £ 56 056.35 £ 46 196.03
Crayford Ecclesiastical Charities Charity Registration 208966 Notes to t inancial Statements for the Year Ende 31st Decembe 202 ACCOUNTING POUCIES These financial statements have been prepared under the historlcal cost convention and include the result of the charity's operations, whlch are descrlbed In the Trustees, Report as in previous years. The financial statements are prepared on a receipts and payments basis as in previous years which is an option where the income Is less than £250,000. Tangible fixed assets for use by the charity. The original c05t of the properttes is not known and no value is attributed thereto. The insurance value for 2023 is £958,170. Atl tsngible fixed assets are hel(1 to benefit the charity's beneficiaries. The income from rents and investments are shown gross. Income from the permanent endowments has been received in the period as ststed in the accounts. VAT is not recoverable by the charity and as such is included in the relevant costs in the Statement of Financlal Attlvltles. The charity does not pay tax as it does not trade. Management and administration expenditure includes all expenditure not directly related to the charitable activity. This includes costs of a managing agent, and independent examiner. FIXED T INVEsfMENT: ANNIE PIM ENDOWMENT FUND C03056725-001 The original cost is not known and the value at 31# December 1991 has been attributed as base cost. BASE COST At the beginning and end of year MARK VALUE at 31g( December 2023 412.58 COIF Income shares @ £19.845 (2022 £18.1749) 8 187.65 The above investment is in the name of Annie Pim (COIF reference 296590001) and is a Permanent Endowment Fund, whose income may be used by the charity. FIXED ET INVEsfMENT: THEODORE PIM ALMSHOUSE UPKEEP ENDOWMENT F 056726- The orlginal cost is not known and the value at 31# December 1991 has been attributed as ba* cost. BASE cosr At the beginning and end of year MARK VALUE at 31° December 2023 1,242 COIF Income Shares @£19.845 (2022 £18.1749) 24 647.49 The above investment is in the name of Theodore Pim Almshouse Upkeep (COIF reference 296590002) and is a Permanent Endowment, the income from which is invested in the charivs Extraordinary Repair Fund. ED ASSET INVEStMENT: EDWARD RU 03054533-0 The original cost is not known and the value at 31st December 1991 has been attrlbuted as base cost in keeping with the above. BASE COST At the beginning and end of year MARKEf VALUE at 315t December 2023 561 COIF Income Shares @ £19.845 (2022 £18.1749) ELL NE EN WMENT FUN 11133.04 The above investment is in the name of ER Stoneham (COIF reference 20187(XJOI) and is a Permanent Endowment Fund, whose income may be used by the charity.
Crayford E£cle5kstrcal Charltks (Indwjlhu Annle Plm Almshouseand ERSIDNeham) ¢harttyAegrntsn 208966 PROPERTY IPKONE The W0re5 pde re5hJenOal accommodabOTr ty way of threE ahthiuses ijne hau5e. Full Incorne a5surne$ rrt> duriw the year. ReSent&I No 7 mshouse 9.11.13 17,3W. 17,3W.00 INVEsfMETrirINoy4e lfi(ome share5 In thatsomal Investment FLtsI nnie wm- thytdends recew C03056725 Thore Plm- dIVe$ retrw COM56726 Edward RL6sEII 5toneham dl¥idends recew co533 OldendS hlere Bank deposf( interest (e8 COIF tpt irtere recdv•J 2013 2022 224.77 676.65 3D5.64 1,207.( 794.21 830.44 2 831.71 223.90 674.04 3D4.46 1.2Q2.40 138.44 Iti.3B 1 452.22 MANAGEMEPff WENSES 2023 2022 I10n(e Tree re TV Lthice fjas Sjle &EWlcal Testkng 1.027.61 348.00 7.50 4B.00 1,147.B3 320.Ch) 528.CM) Agent'5 Comm15I0 bscrvbon NAA 3.303.84 153.00 3.137.76 146.00 3 283,76 otheropeArt9 Expen£¢ Independent e¥amlntrs fe nk chtfge5 360. 360.00 81.Crf) 441.00 420. 5 907.95 TOTAL NANAGEWENT EXPETrEE5 127263 Th& ERF was mo¥ed fvum thB COIF depowt QCC4yJnl in 2025 to COIF Charitsej InveslJn&nl FL)1 acoJnvJklion unlts. Thlslsa k tgtm Inv¢¥trnuDlto MO¢¢ts of improvÈmènL in thÈfutuf¢. ¢ Unlts 2023 ,714.71 2,64e.00 5D.41 COgF depos 2U22 Cosl8t beginDthB rAyeor. 24.14 uTht8 dltionsiofvnd. 11.45 uDrf Neidi$tiibvtttirtS thnv851ed Ilnter£st 24.14 11.45 2,36B.00 35.41 C051 attrfbutablsalend ol y45r 35.59 1,413.12 471&71 tkd vdu• atbgginnlnl 4lyekr In¢reASe du&to dIstribuon$ reinvesled Iintere5t Addityon¥ 1gfuDdfrom generdl ffj9ervè Increass in rnerkel vdue klarkelvdua atyèaren 5.714.71 $0.41 2.648.0 413.21 8.826.33 3.311.30 35.41 2.361.00 e249.W03 per L 35.59 5.714.71 Il¢•lMelnten4rte• Pund Lo gsItCOJQ7028 EStablishBd by Itan¥tsr ol generd re$2rvdi tomèètnwntsnoEttUrrin9 AtrnoLd9rlThtsTY¥$ as into[r1¥XIatrI 2023 2022 12.260.98 8.117.01 COIF CnAlibA# Dwtt Fund bm Addibons Intard9t 4.54g.00 830.44 4.068.00 7597 5.376.44 £17.8J9A2 4.143.97 t12,260.9B Totsl co•È{ Trot44 8.1 & 6.21 £26,052.64 E17,970.69 Restri1 Dviignatod D•s*JMted UnFestrfKted Permanent C¥1 E91 E¥traordinury Genera1 Invesents Fund Rapalr Fund r8gÈrvè 5,714.71 48.196.03 SD.41 Total Mowm• lThF Brougblfward AdditTh9 ink(esVdiwthndBretalned wrthdiawa Transler6 11.104.00 Y.207.06 11.207.091 12.290 98 83044 75.275.72 ?.OB7 91 15,849.28 17.6.32 2648.oo ,413.12 17 6J942 93 212.85