THE CHARITY OF THOMAS LATHBERYE (regIstsr ehaiity number 209339) and its linked charity (reStered charity number 209339.1) ACCOUNtS FOR THE YEARENJIED 31ST DECEMBER 2024 HentODS Stag Hollse Old Road Hertford SG13 71A
{r¢gi%¢¢red ekarity Dumber 209339) and its linked cbaiyty (registU ¢hArity number 209339-1) Indes TnLStees Report Indep¢ndettt Examiner's R¢port Receipts and Payments Account Statement of A55ets and Liabilities Notes to the Financial Statcm¢nts
(registered cbarity number 209339) and its linked charity THE CHARrrY OF RICHARD RAYNSHAW (registered ehvdrity number 209339-1) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Trn$tees Mr B Ellis (Dece 7 May 2025) Cllr G Harrison Cllr R Visram Cllr J Taylor {Appoint&l 9 July 2024) Cllr E R HaThis Mr B W Gibbard (Deceased 27 July 2025) Mr T Drabble R¢presentative - District Council Representstive - Districi Coun¢iE Rcpr¢sentstive - District Council Representative - District Council Co-optstive Co-optstive C04)ptstive Clerk to the Charity Mr Michael Roth Principal Office 48 Marlborough Building4 Hat6eld Rorf St AlbaLs. Hertfordshire, ALI 3RW The Trustses PT¢s¢nt their annual r¢wrt and fiDan¢ial statements of the two linked charities for th¢ year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies s¢t out in note I to the accounts and comply with tbeir governing docutnents, the Clwities Act 2011, and The Ckwities (Acc£)unts and Reports) Regulations 2008. Structurfy GovernaD¢e and Management The two charities are ancient institutions. Each is pre5ent]y constituted as an UDincon)orated Th¢ Cliarity of Thonw Lathlwe w&8 founded by will in 1579. In 1579 Thomas Lathbury (also Lathberye) by his will demised to the eoryoration two tenements-one situated in the market- place adjoining the Clock House. and the other in'DagenlwU' Lane "to hold tb¢ same to the prop use and behoof of the poor people of the tovm of SL Albans.. Lathberye's owns a listed commercial building at i Market Place in St Albans. The Charity of Richard Raynshaw was founded by will in 1569. In 1569 Richard Raynshaw by his will left thr¢c cottages in Spicer Stre¢t upon trust that the mayor alld burgesses should keep the same in repalr and shouId nominate such honest N)or persons as should seem most in need of Charity to inhabit any of the said three tenements forever, ient-free. Raynshaw's owns almshowe accommodation in Spicer Street and Low¢r Dagnall Street in St Albans. Both charities presently Owe under the Schwne of the Charity Commissioners dated 28 June 1918 as amended by the Charity ConllnissToners' Schemes of13 July 1934. 29 November 1960 and 6 October 1978 (together'the Schemes,).
THE CHARITY OF THOMAS LATHBERYE (registered charity number 209339)
nd its linked charity
{rewt¢r¢d ¢hwity ttumber 209339-1) REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 DECEMBER 2024 {¢ontinued) STRUCTURE, GOVERNANCE AND tAlYAGEmE1¥T- continued The Schemes provide for up to four repreThtstive tnLStees and up to five co-optative trustees. Three representative ITh¢¢$ are apFK>inted by the members of the St Albans City and District CounciE, and one representative trw*e is aptx)inted by the JustAces of th¢ Central Hertfordshire Magistrate Courts. All representative trustees are appointed for a terni of four years. The co- optative trustees app)inted for a t¢rm of five years by a resolution pass at a special rneeting of the trustees. Cowoptative trteeS neaj to be 'persons reSIdg or caTrying on business in or nydr the Ancient Borough of St Albans.. OBJECTtVES AND ACTIVTTIES The two chartti¢s ar¢ linked with complementary charitsble obje£ts. Under the tern of the Schemes, LathlKrye's charitable object is to apply one balf of its income for the E¢nefit of the almspeople, and the other half for the generdl Inefit of the tK)or of the Ancient Borough of St Albans. Raynshaws cbaritable object is the provision of almshouses for persons of good haracter who resided in the Ancient Boft)UEh of St A]bans for wt less th8n two years. An appropriate portion of the inCMe from tAthberye's is duly applied in support of Raynsbaws cllaritable purtK)ses and activities. This results in the Raynshaws being able to provide and n)aintain the eight single bedroom properties that are allocatsd to St Albans Trsidents vtho satisfy the requirements of the Schemes. Almsho residents are not charged rent, And accommodation is provided free, although residents make a contribution towards maintenance costs. During the year we continued to provide subsidised accommodation for eight single people of limited means in central St Alb an atea of high housing Cost. Work continued to prepare the ¢lwitit¢s for incorporation &s a Charitable Incory>rated Organisation.
THE CHARrrY OF THOMAS LATHBERYE (registernl charity number 209339) and its IiDked charity THE CllAIUTY OF RICHAJiD RAYNSHAW (registered charity Dumber 209339-1) REPORT OF THE TRUSTEFS FOR THE YEAR ENDED 31 DECEMBKR 2024 (continued) FINANCIAL REVIEW During the year the charity and its linked charity received interesL investment income. almspeople contributions and rental income on its commercial pro. The charity achieved net receipts of £57,689 (2023: £59,979). PUBLIC BENEFrr The Tntstees bav¢ reviewed the Charity Commissions guidance on the requiren]ent to report public benefit. The Trustees are satisfied that the work of the charity accords with its stated objects and provides tsngible public benefit to a wide section of those who Teside within the charity's area of benefft. The CTiteria used to &wss those who may benefit is not considered to be unre&80nably restrictive. RESERVES POLICY The Tnle¢S seek to bulld sustainable unrestricted reserves to a level sufficient to provide financial stability. meet excwional expendtturc and Io a55iSt with the fuwre development of th¢ charity. As part of achieving this lIcY the Trustees bave the following designated funds available: Cyclical MAintenanee Fund The TrLLStees establishd and n1n]n a reserve fimd for purp)se of providing for those ltell of orditwy maintenance and repair of the almshouses which ur at frequent intervals. The fund whose main asset is aNational Savings Investment accounL ld a balance of £41,598 at th¢ ¢nd of 2024. Extraordinary Repair Fund The Trustees established and maintain a reserve for the pUTse of providing for th¢ cxtraordinary r¢pair5, iproV¢¢0t or rebuilding of the aln)shouses rwi by the Charities. The fund whose &8sets are invested with the Charities Official Investment Fund had a balance of £426,008 at the end of 2024.
THE CHARETY OF THOMAS LATHBERYE (registered ebarity number 209339) and its linked chydrity (register¢d ¢hsrity Durnber 209339-1) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 {eontinued} TRUSTEES RESPONSIBILrriES The Truste¢s are required to pryre financial statements for each flllancial year which give a trne and fair view of the state of affairs of each Clwity and of the results for the year. seRt suitable accounting policies and then appty them coL8iStently' make judgements and estin]ates that are reasonable and pnthL Prepare the financial statements on the going concern basis unle&8 it is inappropriate to assume that the Charities conlinue in opetatio The trustees are responsible for. keeping proper accounting records whicb disclose with reasonable accllracy at any time the financial position of each Clwity and which enable then) to ensure that the financial statements comply with the relevant provisions of the charIti Act 2011, the Clwity (Accounts and Rep)rts) R¢gulations 2(Ki8, and the provisions of the schemes. safeguarding the &8sets of each Cl)arity and hence for taking sOnable sLeps for the prevention and detection of fiaud and other irregul8Titie8. Approved by the trustees aThl signed on th¢ir b¢])alf by: Mr T Drabble Date.. 2q - 10 -2trL
THE CIIARITY of< THOMAS LA'fiiBEI RYII (i'egistered cliarity numbei- 209339) nd its linlied charity THE CHARITY OF IIICHARD RAYNSHAW (I'egistered ehai'ity niimber 209339-1) Indepeiident Ei xJTniiier's RLporl to tlie frustecs of tlie Charitics of Thoma5 Lathberye #nd Richard Raynshaiv I Irport to Ihc truslecs on my cxamination of the a¢¢ounis of the Charities of Thomas Lailiberye and Richard Raynshaw for the year ended 31 Deccmbcr 2024 which comprise the summary of receipts atid payjiicnts aiid the statement of assets and liabilities. Tliis Irport is made solely to (lie cliarity'5 trustees, as a body, iii aceordance witli section 145 of tlie Cliai'ities Act 2011. My work l)as ett iindertakeii so tliat I Iniglit state to the ¢hai'ily's truste&% tliose in8ttei's l ani rcqiiii'ed to statc to Iheni in tliis report and for no other purpose. To thc fullest extent pei'tnitted by law, I do not accept or assuine responsibility to anyolle other ihan the charity at)d the charity's trustees as a bodyi for Iny work, for this report, or for the opinions I have formed. Responssbilities And bAsÉs of report A5 the trustees of the Charity you are responsible for the preparation of ihe accounts in accordance with the Irquiiements of ihe Chai'ities Act 2011 {'the Act'l. I report in respect of niy exaiiiination of tlie ¢liarity's accounts carried out under section 145 of tlie Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145{5Xbl of tlje Act. An independent examination does not involv¢ gaihcring &ll the evidence that woiild be Irquired in an audit and ¢onseqLicntly docs not cover all the matter5 that an auditor considers in giving their opinion on the accounts. The planning and Conduct of an aiidit goes beyond the limited assurance thai an independent examination can provide. Consequently l express no audit opinion ot) thc accounts and my Teport is limited to those specific inatters set out in tlie independeni exanjiiiei s ststement. Independent exAiJiinei' s statement I have completed my examinatlOD. I confirm that no material matteTS have come lo my attention in connection with the exarnination giving me ¢ause to believe that in any material respect.. accountlllg rccords weTe not kept in respeci of the ¢harity as required by section 130 of the A¢t' or the accout]Is do not accord with those records. I have no concerns and have cornE across no other matters in connection with the examination to which attention should be drawn in thi5 report in order to enable a proper undcrstanding of the accounts to be reached. Sean Hudson ACA Henlons Stag Hous¢ Old London R(iad Hertfoj'd, HeTIs SG13 7LA Date.. Lq OLtratr Zo"1
{Jrgisternl cknity number 209339) and its lillked charity (regis¢¢red charity Dumber 209339-1) REcuvfs AND PAYMENfs ACCOUNT FOR YEAR ENDED 31ST DECEMBER 2024 Cycli M'tnee Qpltl Fund Fund General Utilitits Fund FuDd Tot1 2024 Totsl 2023 Note RECEtwrs Inveskneni Income ter¢st received R¢nt and Insurnice receiv1. Market PlxelLand Lower DagTLall Street ContrÉbutions by Almspeople: - Maintenance Outyut VAT on teIpts 1.451 1.451 1.967 .431 .426 427 47.917 47917 47,981 44241 9.583 44241 9.583 45,721 9,596 104,732 4ZI 105.159 106,155 Bank trdnsfws received T(rtal R¢¢eipts 104.732 427 105,159 106.155 Payments in relation to Charitable xtiviti¢5: Almshouses Costs Establishment c.. 1129) 16.314 18.079 2.466 6,150 1,730 696 611 1245 1040 1,354 196 612 Clerks fees and expa otriee rental Subwiption Trnstees insura Trustees expenses VAT consultancy f¢¢5 Accountan¢y fee Legal prolessional fxs Sundry expenses Input VAT on payrn¢nts Amounts paid to HMRC 6.150 1.730 696 611 700 3.625 5222 247 1.572 8.137 7(NJ 600 3J75 5.222 247 1.572 8,137 329 1,883 15,463 36.180 47.470 46,176 Bank transfers paid Total Payinents 36.180 47.470 46.176 Net lieceipts l (Payments) for year Transfers between fiu)ds Bank BY4lsn¢es ait 1.124 68552 (11290) 354.916 (112W) 112 10.061 427 57,689 59,979 41.171 406.148 346,169 Bank Ba]aDees *t31.1124 412.178 10.061 41598 463.837 406,148 Tre onpage 8 ts 9fornp4rt of£laefv4nC141sl¢emts
THE CHARITY OF THOMAS LATHBERYE (regislernl cbarity Dumber 209339) and its linked chority (reglsternl charity number 209339-1) AS AT 31sr DECEMBER 2024 Note 2024 2023 Monetary Assets Bank Balances Flational Westminster - Current Ac¢owits - Rent Dewsits Account 282356 226.536 16.053 15,823 298J09 242.359 155,130 153,590 IOJ98 10201 National Savings Nationwide - Investment Accoullt 463W7 406,150 Oth¢r Monetary A&8ets Other d¢btors 2&193 22,625 28.193 22,625 Non Monetary A88ets Investm¢nts (at MaTket Value) Freehold Land and Buildings: (at Insurance value) 19 L&Jw¢r Dagn¢ll Str¢¢t St Albans l Market Place. St Albans 21, 21ffj 23, 25, 258 Spicer Strrt St Albons 42Q(N18 406,790 383A96 318.651 1387,089 1287,089 I,918 751.905 30OIJII 2.764.435 Liabilities- curr¢nt {3&125) (27,529) £3,4S416 £3,165,681 Approved on b¢hf of the TTUStees: Mr T Drabble Datr: - 20£S The notes onpozes 810 9fornipart ofihesefvamcialslalements
(r¢pstered charity number 209339) and its li]ed charity (regk%tered ¢harity nwnber 209331) NOTES TO TItE ACCOUNfs FOR THE YEAR ENDED 31ST DECEMBER 2024 Accounting Po]i¢i The Accounts have be¢n prepared in accord with the rquirem¢nts of th¢ Ch8Tities (Accounts and Rel8) Regulations 21x18 and Clwities Act 2011. b) Th¢ A¢¢ounts have been prepard on a tIpts and payments basis. Jnv¢5tmcnts are stated at market valu¢ at the Balance Sheet date. d) Freehold land and buildings are included in the financial statements at their current insurance valuation. All Propertie4 except l Mktket Place, u%d for direct cllaritable purposes. Income generat&1 by l Market Place is utilised for charitable PUryK)ses. Almshowes Costs Cy¢lical General Uiilliles M'tntr Totsl Fund 2024 Totsl 2023 Water rntes 1.058 6,132 4,100 861 5.274 3,911 1,330 ElectrtGity Insurance Council Refurbishment & Maintenance 278 4J78 997 1753 2.753 6,703 5.024 11290 16J14 18.079 Investments 2024 2023 Markel Val•e Market Vxlue COIF investments £426.1 £406.790 Trnstses expeDse8 No rnnunmtion w&s paid to the TnCeS during the current and precsjing year. Lkning the UTr¢nt year £Nil {2023: £Nil) was paid to a trustee for reimbursed ¢xpenseg. Fr¢¢hold Land &t BMlldins¥ As noted in l(d) above freehold land and buildings Ar¢ in¢luded in the fmancial stat¢ments at their buildin reinstataneDt valu¢ for inranCe pulp) of £2.575,503 (2023: £2.357,645).
THE CHARrrY OF THOMAS LATHBERYE (reeistered charity nllmber 209339) and its linked chaiyty (registered charity numlw 209339-1) NOTES TO THE AccouNfs FOR TKE YEAR ENDED 31ST DECEMBER 2024 Anatysis of Other debtOTS 2024 2023 28.193 22.625 £28.193 £22,625 Anatysis of Liabilitrs 2024 2023 R¢Dt d¢FM)sits held VAT AC¢nlS 15MIO 2.035 17090 15,600 1.810 10,119 £35,125 £27,529 AD#lyJis of Fun&8 Extraordinary Rqmir Fulld: Charities Official Inv&8tment Fund 1,430.03 Accumulation shares at m8rket value (2023: 1.430.03) 372,688 2,627.48 income shatrs at market value (2023: 2,627.48) 53J20 21124 2023 354.648 51142 £426,1)08 £406.790 Cycli1 Maintenance Fund Generni Fulld Utilities Fund 41598 405246 ioJkni 41,171 350.014 10,061 £45&5 £401.246 Represented by: National Westminstcr. Current Account (Richard P2ynshaw) IW489 . Current Account (Thom&s Lathiw¢) 147,767 - Rent Dwsits A¢¢ount 16,053 iOJ98 155 130 463837 (35.125) 111,364 115.172 15,823 10,201 153 590 406,150 (27,529) Nationwide Account National Savings Invesknent Account Liabilities- current Oth¢r debtor5 £456905 £401,246 Capital Fund Prop¢rties- IA)wer Dwall Strrt St Albans - Mark¢t Place. St Albans - Spicer Stre¢L St Alb8A8 383A96 1287.089 M918 318,651 1287,089 751.905 £27&503 £2.357,645 Totsl Funds .458.416 £3.165.681