THE DAWES HOMES TRUST Charity No. 2090441 Report of the Trustees for the year ending 5 April 2024
Report of the Trustees and Financial Statements for the Year Ended 5 April 2024 for The Dawes Homes
Trustees' Annual Report for the period 6[th] April 2023 to 5[th] April 2024
Preamble
The trustees present their report with the financial statements of the charity for the year ended 5 April 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement 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 102) (effective 1 January 2019). Accounts are prepared on Receipts and Payments basis in accordance with CC16.
Section A Reference and administration details
Charity name: The Dawes Trust Other names the charity is known by: Dawes Homes Trust, Dawes Homes Registered charity number 209044 Charity's principal address Dawes Homes Trust, c/o 1 Fullers Close Chesham HP5 1LU Trustees Michael Hardman Chairman Sandra de Morney Davis Peter Spring
Jennifer Allison
There were no other Trustees during the period
Section B Structure, governance and management
Type of governing document Trust Deed How the charity is constituted Unincorporated charitable trust Trustee selection methods
Trustees are selected following an interview. They are required to understand the requirements of retired people with little or no capital. Ideally they have experience of buildings, renting and finance.
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THE DAWES HOMES TRUST Charity No. 2090441 Report of the Trustees for the year ending 5 April 2024
Section C Objectives and activities
The Dawes Homes Trust was established under the Will of the late Miss Mary Gertrude Dawes. In summary the objects of the Trust are:
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To provide homes for aged folk of modest means
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To let such houses or bungalows to such persons as in their absolute judgement they shall consider are of modest means.
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To charge such rent as they shall in each case think fit having regard to the means of the tenant.
The Trust has continued to provide homes according to the Trust deed, namely, offering homes to the public at a reasonable rent according to their means.
These have been upgraded to modern standards and are maintained to high standard.
The Trust fully complies with the Charity Commission requirements on public benefit.
All the Trustees are volunteers who do not receive any remuneration for the time and effort put in by them.
The secretary receives a small honorarium to recognise the excellent contribution provided to the residents and the Trustees.
The trust is indebted to its administrator and trustees for all their hard work.
Section D Achievements and performance
The Trust continues to maintain the property to a high standard and will continue the programme of repairing and improving the facilities and accommodation offered to the residents.
Outgoings in the year fell back to normal levels following the purchase in previous years of replacement conservatories and upgrading the heating in most of the properties.
This year the remaining heating systems were upgraded, a programme of damp reduction in properties 3, 5, 7, 8, 9, carried out and property number 8 was further upgraded on the change of tenant.
Expenditure has commenced on the proposed conversion of the underused community room to a 2-bedroom flat for a further two residents.
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THE DAWES HOMES TRUST Charity No. 2090441 Report of the Trustees for the year ending 5 April 2024
Section E Financial review.
The Trustees consider the appropriate level of reserves is a sum equivalent one year’s normal expenditure (i.e. excluding development improvements). This sum is currently £25,000. The funds are not in deficit.
The charity has approximately £80,000 in cash and investments. This is lower than historical balances but considered adequate.
Rent receipts this year are approximately 25% higher than last year due to a Trustee decision to raise the rents progressively to a fair rent. These above inflation increases will continue until 2028 when the rents should be at the Valuation Office suggested values.
The Trust continues to maintain the property to a high standard and will continue the programme of repairing and improving the facilities and accommodation offered to the residents.
Outgoings in the year fell back to normal levels following the purchase in previous years of replacement conservatories and upgrading the heating in all the properties. Expenditure has commenced on the proposed conversion of the underused community room to a 2 bedroom flat for a further two residents.
The Trust is actively seeking grants and low-cost loans to continue the programme of improvements.
Section F Other optional information
The homes are heated by electricity. There is no gas on site. High efficiency heaters have replaced old storage heaters in all the properties and the water heating was upgraded as well.
The trustees acknowledge the high cost to the residents of electricity and will be seeking funding to provide solar panels.
Section G Declaration
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Full name(s) Peter Spring Jennifer Allison Position Chairman Trustee Date 31 January 2025
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THE DAWES HOMES TRUST Charity No. 2090441 Report of the Trustees for the year ending 5 April 2024
Section G Independent Examiner’s Report to the Trustees of The Dawes Homes Trust
I report to the charity trustees on my examination of the accounts of The Dawes Homes Trust (the Trust) for the year ended 5 April 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 ('the Act').
I report in respect of my examination of the Trust's accounts 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 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:
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accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable 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.
Date Signed: Name:
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THE DAWES HOMES TRUST Charity No. 2090441 Report of the Trustees for the year ending 5 April 2024
Relevant professional qualification(s) or body (if any): Address:
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THE DAWES HOMES TRUST Charity No. 2090441 Report of the Trustees for the year ending 5 April 2024
RECEIPTS AND PAYMENTS For the year ending 5 April 2024 Note. All funds are unrestricted
| 2024(to the nearest £) |
2024(to the nearest £) |
2023(to the nearest £) |
|
|---|---|---|---|
| Section A Receipts and payments |
|||
| A1 Receipts | |||
| Rents received | 27,449 | 21,448 | |
| Interest received | 134 | 66 | |
| Other Income | 27,583 | - 21,514 |
|
| Sub total (Gross income for AR) |
|||
| A2 Asset and investment sales |
|||
| Sales of investments | 0 | 79,592 | |
| - | - | ||
| Sub total | 79,590 | ||
| TOTAL RECEIPTS | 27,583 | 101,106 | |
| A3 Payments | |||
| Administrator honorarium | 2,000 | 3,000 | |
| Insurance etc | 2,737 | ||
| Routine expenditure | 7,260 | ||
| Housing energy, insur & repairs |
13,942 | ||
| ExtraordinaryRepairs | 9,465 | ||
| Improvements | 12,039 | ||
| Majordevelopments | 3,526 | ||
| Sub total | 37,027 | 99,743 | |
| A4 Asset & investment purchases |
0 | ||
| TOTAL PAYMENTS | 37,027 | 99,743 | |
| Net of Receipts (payments) | -9,444 | 1,360 | |
| A5 Transfers between funds | 0 | 0 | |
| A6 Cash funds last year end | 23,025 | 21,665 | |
| Cash funds this year end |
13,581 | 23,025 |
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THE DAWES HOMES TRUST Charity No. 2090441 Report of the Trustees for the year ending 5 April 2024 Dawes Homes Trust Page 7 of
THE DAWES HOMES TRUST Charity No. 2090441 Report of the Trustees for the year ending 5 April 2024
Section B Statement of assets and liabilities at the end of the period
| B1 Cash funds | ||
|---|---|---|
| Current Account | 2,068 | |
| Deposit Account | 11,513 | |
| Total cash funds | 13,581 | |
| B2 Other monetary assets | 0 | |
| B3 Investment assets | ||
| Shares and investments | 69,478 | |
| B4 Assets retained for the charity’s own use | ||
| Freehold At Cost | 70,744 | |
| B5 Liabilities | 0 |
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