Charity number.. 209495 THE COUNTESS OF THANET'S ALMSHOUSE CHARITY ACCOUNTS FOR THE YEAR ENDED 313t DECEMBER 2024
THE COUNTESS OF THANET'S ALMSHOUSE CHARITY Conlents Page Trustees Report Ex¥minar's R8POrt Re¢eip¢s and payments 8ccDunls Statement ol assets and liabilrties Notès lo the account5
THE COUNTESS OF THANET'S ALMSHOUSE CHARITY TRUSTEES REPORT For the yèar ende(f 31st December 2024 Ch3rity règlgtered number Thè Countess of Thanel's Almshouse Charity is ¢on5th"tuted by a Deeil of Trust and is a rè9lStered ¢harity No. 209495 Addr•s$ of the Charity The Grange. Chyrch Street. Hartfield. East Sussex. TN7 4AG. Th• Tru8tee• during the year w¢re". Ex-offi¢io Trlee5 The Rev'd J Seaf - Ex-offic•) Rector ol the Ecdesiaslical Parish ol St. Mary. Hartfield Nominative Tru¢ees Mrs C Beare Iresigned 12 Novemter 20241 Mr J Murray-kMIIis Mr R N T Gor(Jon-Jam8s lapwint¢fl 26 June 2025) Co-optatlvè Trtea1 Mrs R Burns Mr$ J Slirrat M¥ J H Harley Structur, govern•n¢e and manag•m•nt The governing dtKumeni 1$ a trust deed ralified on the 9. September 1976. Since Ihe closure of St. Stephen's Church. HaMmeIX)d. t)0 alternative Ex-officio h$s been appointed. The trustees are 8W8re the Tru31 Oeed may need to be upjateil lo ren8Ct thi$. The mttthods adopted lor Iht appoinimenl of the bc# ol Irusiees ar• that the body sh•M con$isi ol'.- Two Ex-officio Trustees- The Reclor of Ihe EcclesiastKal Pari$h ol Sl. Mary. Hartfld, and th• Vtar ol thè Erxlesiaslil Parish ol Sl Stephen. Hammerwood. Two Nominative Tiu$tees- The peison Shall be app(xnted by the Parish Council ol Hartfield. Ea¢h appointment sham be made for a term of Iour years al a meetin9 convened and held according ltr ordinary praclicg of the Parish Councd. Three Co-oplabve Trustees- The person who Ihrough residence. occupation or ernployrnenl. or otherwise have special knowledge of the Parish of Hartfiekt Ea¢h appointrnent shall be rn8de for term ol ye•rs by a re501ulion of Ihe Trustees passed 81 a special rneeting. Poli¢y on R•serws Thè Trustees shall eslabh.sh and maintain a reserve fund, to be entrtled Extraordinary Repair Fvnd, for the purpose of providing lor Ihe extraordinary rèpair. improvement or r*build•ng of the alrnshouses belongin9 lo the Charity. The fund and the Income Iherelrom are invested in the M&G Charity Multi Asset Fund and as of 6 May 2021 funds have also been invested In CCiA COIF Charities Investrnent Fund. Page 1
THE COUNTESS OF THANET'S ALMSHOUSE CHARITY TRUSTEES REPORT CONTINUED For the year ended 31st December 2024 ObJoctlvo$ The object ol the charity IS lo provide almshouse accommodation fof people in need ol the ¢cclesiaslical parish of Harlfield or surrounding area. The accommodation at the Almshouses at Holtye Common o)mprises four houses. one tsl and fv*o bedsits. It is the Trustees policy to provide and maintain good quality housing for Its residents. The charsty is siafled on an enliftrly voluntary basis. Achl¢¥emgnt¥ •nd rfOrmanc The charity's principle source of income are Ihe ¢onlribulions p8id by Ihe residenl$. During 2024 these contributions arnounled lo £28,03612023- £28.0361. The total incorne for 2024 arnounled to £36.887 12023- £34,5081 Ttte lolal expendilure for 2024 amounted lo E25.33512023. £12.0881. As a resum the net CeIptS werè £11.SS212023 E22.4201. The accumulated cash lun¢J 51arKls 81 £75.67212023. £64, 1201. Decl•r¥tlon Thtr IruBtee8 dedare Ihai Ihey h¥¥e approved the TfUStee$ report above. Sl9ngd on behall of th• Ch•rity'$ Tru$¢e•• . Trustw - Mr J Hadey Trustq• - Mr J MuThay-WMis Date ol approval Page 2
THE COUNTESS OF THANET'S ALMSHOUSE CHARITY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE COUNTESS OF THANET'S ALMSHOUSE CHARITY I report to the tfuslees on my examinalj.on of the accounts of Ihe above charity 1.the Trust'l for the year endad 31 st Oec6mber 2024. whKh are set out on page$ 4 to 6. Responsibilities and basis of report As Ihe ¢harity's trustees ol the Trust. you are responsibk for preparat#)n of the accounts in aceordance with Ihe requirèments ol thè CharrtES Act 20111.the Act'i. I report in respect of my examination of the Trust's accounls carried oul unt1er section 145 01 the 2011 Act and in CBrrying out my examination. I have foll¢)wed the appluble Direction8 given by Ihe Charity Commission under seciion 14515llb} of the Act. Ind•pendent Examir,$ Stat¢ment I have cornpleled my examination. I confimi Ihat no m•leri81 matters have come lo my allenlion in connection with the ex8minaiion which givts me cause to believe thai in, any maierial respect. the Bccountrftg records were not kept in accordance wrth section 130 of the A¢t or 4 Ihe accoun15 not accord with the aCtt*unting records or Ihe accounls did nol comply wilh Ihe appluble requirements concerning the form and contenl of accounts sei out In the Charitie5 IAccounls and R8portSl Regulations 2(K)8 other Ihan any requirement Ihal Ihe accounts gwe a 'lrue and lair, view which 1$ t a malter considered as part of an indtpendenl examination I have no concerns and have come across no matters In connection wilh the examination to whi¢h altenlson should be drawn In order lo enable a proper understanding of Ihe accounts lo be rèached. Estellè Sherfock OMC Partnèrnhip Llmited Chartefed A¢¢ountant Yew Tree House L&wès Road Forèst R¢)w East Sussex RH18 SAA Date.. Page 3
THE COUNTESS OF THANET'S ALMSHOUSE CHARITY RECEIPTS AND PAYMENTS ACCOUNTS For ihe year end 31st December 2024 2024 2023 RECEIPTS Contfitsulit)ns from resKlenls Inieie$t re¢eiveLI Charihes deposrt lund 28.036 2.469 28,036 540 30.505 28 576 ASSET ANO INVESTMENT RECEIPTS Diwidend fe¢&ipis from shares 6.382 5.932 0,382 5.932 Total Ra¢eipl$ 36.887 34,508 PAYMENTS Walor Repasrs and m8inien8nce Insurance Electricrty Subscriplions Garden M8inten8nce Sewerage Tree Maintenance A¢counlan¢y Sijndry Expen5e8 624 879 1.181 1.044 696 2.135 1.677 9.443 1,176 118 505 417 1 7QO 630 196 1,524 842 942 18.953 6. 756 ASSET ANQ INVESTMENT PAYP4lENTS R¢tain¢d dNKlend receip15 fr¢)m $h8re$ 6,382 5.932 6.382 5,932 Totsl Payment$ 25.33S 12,088 NET RECEIPTS 11.5S2 22.420 CASH FUNDS LAST YEAR END 64.120 47. 700 CASH FUNDS THIS YEAR END 75.672 64.120 Page 4
THE COUNTESS OF THANET'S ALMSHOUSE CHARITY STATEMENT OF ASSETS AND LIABILITIES AS at 31$t December 2024 CASH FUNDS Unrestricted Fund¥ Unrestricted Funds 2024 2023 Bank Current Account Charits Deposit Fund 25.010 50.663 15.927 48. 193 Total cash funds 75.672 64.120 INVESTMENT ASSETS Fund¥ to which ass•t belon98 Market Value Market Value 31 Dec$mber 2024 31 DeCeMr 2023 M&G Charity Mutti Asset Fund 11a1 Resiricled CCLA COIF Charities Inveslmeni Fund 11bl Restricted 167.872 30.268 155.409 28,8Q3 ASSETS RETAINED FOR CHARifY's OWN USE Fund• to whlch as¢t belongs Almshouse 8t Hotye Cornmon, East Sussex {21 Endowment LIABILITIES Thtrro are rK) Iiabilrties Slgn¢d on behalf of th¢ Charity'• Tru•tg0• . Tru¥tee- Mr J Harley Trugtee- Mr J M¢Jrray-Wllis Dato of approval LSIts Page 5
THE COUNTESS OF THANET'S ALMSHOUSE CHARITY NOTES TO THE ACCOUNTS For th¢ year tnded 314t December 2024 111 Investrnents Current holding5 11¥1 1.386.558 12023 - 1.386.5561 AccumuktKJn Shares (Extraordinary Repair Fund) with M&G Charrty Mutti Asset Fund. The income in respect ol Accumulation Shares is nol di$tiibuied but retsined in ihe Fund and 18 ieflpcled in the price ol ihe Sh8fes. Income from AccumulatKJn Sharas retait £ 6.38212023 - E5,9321 11bl t16.1412023- 116.141 A¢¢umulolion Unrts wrfh CCiA COIF Ch81ities Inveslm¢nt Fund. No dividends ar6 pa on hokyirys ol accurnulal unrts. 121 P¢mi•n¢nt End¢wm•nt The Almshouse al Holtye Common. East Syssex Freehokl was ¥esied in Ihe Offti#l cu8todion$ ol Charrtle¥ on 30) June 1871. 131 In¢orn• Tax and Value Added Tax As a registered charity the Trust Is genefaty exempl from Income Tax bul noi from VAT. The charity is not regislefad for VAT and accoidiNJty payff*nts a¥0 $hthvn yfos$ of VAT. Page 6