Charity number: 209495 THE COUNTESS OF THANET'S ALMSHOUSE CHARITY ACCOUNTS FOR THE YEAR ENDED 31•t DECEMBER 2023
THE COUNTESS OF THANET'S ALMSHOUSE CHARITY Contents Trustees Report Examiner's Report Receipts and payments accounts Stslement of a8sets and Iwts'lrts Note$ lo the accounts
THE COUNTESS OF THANET'S ALMSHOUSE CHARITY TRUSTEES REPORT For th• year ended 31Jt Dec•rnb8r 2023 Charbty rngistsred numb•r The Countess of Thanel'g mshI$e Chanty is constituted by a Deed of Trust and Is a regist8retJ chanty No. 209495 Addr•s8 ofth• Charity Brockshill House. Holtye, Edenbridge. Kent, TN8 7ED. Th• Trl3 during th? year w•r•: Exaoffl¢lo Trust••s The Rev'd J Sear- Ex-officiti Rector of the EcClesia$ts'I Parish of St. Mary, Hartfi'eld Nomlnativ• Trn8to•8 rs C Beare Mr J murray-111$ c0.oplat1 Trut Mr R Whatley (resigned l November 2023) Mrs R 8ums Mr$ J Stlffal Mr J H Harley StructUl• gov•m•nc• and m•nag•m•nt The governing document is a trusi deed rabfied on the 9th September 1976. Since the closure of St. Slephen's Chh, Hammewod. no ajlemalive Ex-officio has been appointed. Thfr tru61ee5 are ware Ihts Trust Deed may need lo be updated lo reflect Ihis. Thè methods adopted for the appoinknrenl of the body of trustees are Ihal the body shall consist of'.- T4? EX1¢10 Truslee8- The Rectty of It* Eccle%asltsl Parish of St. Mary, Hartfièld, and the Vicar of the Ecdesiasb'cal Parish of Sl Stephen. Hammephvod. Two Nominaltve Trustees - The Fason shall be apw'nled by the Parish Council of Hartfield. Each appointment shall be made for a tefm of four year¥ at a meets'ng convened and held according 10 ordinary practice of the Parish Counc. Three Co-optative TnJ$lees- The person through resKlen¢e. occupation or employment, OT olherwise have special kne¢j9e of the Plrish of Hartfield. Each appointment shall be made for lem) ol five years by a Fe¥DIUti( of the Trustee$ passed at a special meetsng. Policy on Rw••Th The Trustees shall establish and maintain a reserve fvnd, to be enb.lled Extraordinary Repair Fund, for the purposè of providing for the extraordinary repair. impr¢)vement or rebuilding of the almshouses belonging to the Charity The fund and the income thefroM Invested in the M&G Charity Multi Asset Fund and as of6 May 2021 funds have atso been invested m CCLA COIF Charitie$ Investment Fund. Page 1
THE COUNTESS OF THANET'S ALMSHOUSE CHARITY TRUSTEES REPORT CONTINUED For thè year ended 31¥t D•c•mber 2023 Obj•etlvos The object of the charity 49 to provide almshouse accommodation lor peop in fteed of the eGclesiaslical parish of Hartfield Of surrounding area The accommodation al the ASmshouse5 at Holtye Common comprises four house5, one ftat and two bedsrts. It is the Trustees policy to provide and maintsin good qualty hous9 lor its residenls. The charity is slaffed on an entirely voluntary ba515. A¢hlev¢monts and porfornianco charity's princyle source of in¢ome are the contribulions paN1 by the residents. During 2023 these contn"bulion5 amounted to £28,03612022- É28,036}. The total income for 2023 am¢)unled to £34,508 12022- £33,508] The total expenditure for 2023 amourrted to £12,08812022- £15.5181. As a resutt the nel receipts were £22,42012022- £17.9901 The auMulated cash fund stands at £64,12012022- £41.71)01. D•clar•tlon Th• trLi$iees dedare that they have approved the Trustees report above. Slgn•d on b•hall of th• Ch•rlty'• Tru•t .. TnMt•• - Mrs C Beare Trus*- Mr J Muffay-fjll1s Dats of approval 16 O¢tober 2024 Page 2
THE COUNTESS OF THANET'S ALMSHOUSE CHARITY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE COUNTESS OF THANET'S ALMSHOUSE CHARITY I report to the trustees on my examinatn of the accounts of the above Charity I'lhe Trusl'l for thè year ended 31st Oecember 2023, arg set out on pages 4 10 6. RpOnsIbIliti08 and b•sl¥ ol report As the thanty'$ trustees of the Trust, you are responsible for the weparation ol the accounts in accordance wbth the requirements of1 Charibes Act 2011llhe Act.). I report in respect of my ¢xaminalK)n ol the Trusl's a¢cwnts ¢arrieil out under ge¢lion 145 of the 2011 Act and in carrying out my examinatn. I have followed the applicable Directs'ons given by the Charity Commission under section 14515)Ibl of the Act. Ind•p•ndent Ex•mln•rf• Stat•m•nl I have completed my exarrmnabon. I confim that no material matters have CL)me lo my attents.on in connection with the examination vknich gwes me cause to believe Ihal in, any mglerial respecL' • the accounting records were not kept in accordance with section 130 of the Acl or • the accounts dK1 not ac¢ord wrth the accounting records or • the accounts did not ¢ompty with the applicabse requirerr¢nts ¢on¢eming the form and conlent of accounts set out in Ihe Charilies (Accounts and Reports) Regulations 2008 other than èny requirement that the accout)ts give a 'true and fair. view whi¢h is nol a matter conjthfed as part ol an independent examination I have no concems and have come across no mattefs in connection th Ihe examination lo which attentn should be drawn In order to enal)le a proper Under$tsndu ol the account$ to be reached. Robert Brown DMC Partnwjhlp Limit•d Chartered Ac¢ountsnt Yew Tree House Lewes Road Forest Row East Sussex RH185AA Date.. Page 3
THE COUNTESS OF THANET'S ALMSHOUSE CHARITY RECEIPTS AND PAYMENTS ACCOUNTS For th• year ended 31st mber 2023 2022 RECEIPTS Contributions from residents Intefesl recerved Chant*s deposrt tund 28.036 540 28,036 74 28.576 28,110 ASSET AND IhlVESTMENT RECEIPTS "Y1nd receipts from shares 5,932 5,398 5.932 5,398 Total R•¢•lpts 34.508 33,508 PAYMENTS Water Repairs and Mainlènanee Insuran Electri¢ Sub$criplion8 Garden Maintenan Sewerage Accountancy 505 417 1.100 630 572 3.547 1.080 18T 1,823 1,326 1.524 942 6,156 10. 120 ASSET AND INVESTMENT PAYMENTS Retained dNidend receip15 from shares 5,932 5,398 5.932 5,398 Total Paym•nts 12.088 15,518 NEf RECEIPTS 22,420 17,990 CASH FUNDS LAST YEAR END 41,700 23.710 CASH FUNDS THIS YEAR ENO 64.120 41,700 Page 4
THE COUNTESS OF THANET'S ALMSHOUSE CHARITY STATEMENT OF ASSETS AND LIABILITIES As at 31st Decembw 2023 CASH FUNDS UnrnstrSct8d Unr08tr1ctsd Funds Funds 2023 Bank Current Account Charities Deposit Fund 15,927 48,193 34,047 7.653 Totsl ¢Jh funds 64110 41.700 INVESTMENT ASSETS Funds to T4hich Marltet Valu• Markot Valu• 31 0gc•mbgr 2023 31 ¢0mb•r 2022 M&G Charrty Multi Asset Fund 111 Re5trcted CCLA COIF Charitw Investment Fund 11b) Restrtell 155,409 28.803 146.324 25.632 ASSETS RETAINED FOR CHARITY'S OWN USE Fund$ to ¥vl)Ich aswt b•long• mshouse at Holtye Cthnnw)n. East Sussex 12> Endowmenl LIABILITIES There arè no liabilrties Slgned on b•half ol th• Chrlty'* TNstM• l•• . Mrs C Beare TnAt•• - Mr J Murray-V4fjlli5 Dats of approval 16 October 2024 Page 5
THE COUNTESS OF THANEf's ALMSHOUSE CHARITY NOTES TO THE ACCOUNTS For the year ended 311 De¢wnb?r 2023 111 Inv••tm•nts Current holdings 1•) 1.386.556 (2022 Charrty Mults Asset Fund. 1.386.556) Accumulation Shares (Extraordinary Repair Fund) with M&G The income in respect ol A¢cumuSation Shares is not dtstributed but retained in the Fund and is refiecled in the pnce of Ihe Shares Income from Accumulation Shares retd £ 5,93212022- £5,3981 11bl 116.1412022- 116.141 AcCumulatn Units with CCLA COIF Charities Inve$lmenl Fund. No dNiderKls are paKI on holdings ol accumulati units. 12} Pemian•nt Endo*Tn•nl The Almshcwse at Holtye Common. East &Js8ex Freehold was vesttd in the Offio'al Cu$ltsdian$ of chan1$ on 301h June 1871. 13) Iorn• Tax and Value Add•d Tax Ag 4 registered charty the Trust Is 9eneralty exempl from Income Tax bul not from VAT. The charity is not registered lor VAT and aecordingly payments are shown gross of VAT. Page 6