REGISTERED CHARITY NUMBER: 209758 THE CHARITY OF CHARLLS COLLISON TrusrE&S RT AND ACCOU FOR THE YEAR ENDED 31sr DECEMBER 2•24
THE CHARITY OF CHARLLS COLLISON INDEX TO THE AccouKrs FOR ThE YEAR ENDED DECEMBER 2024 Legal aTrJ Admini5tyaiive Inf(rnuon ReFrfXf of the Tnjsttts lThJepeThleni Examinerfs ReF( StaffThi of Financial Aciivities Balance Sheei 8-11 No$ io the Accounts
THE CHARrrY OF CHA OLL LEGAL AND ADMINisfRATIVE INFORMATION FOR ThE YEAR ENDED 31&r DECEMBER 2Q24 Chariiy name: The Clwity of Charles Coliison ChIEY registraiion number. 2(W58 Charity adthess: ShilciKk H(ls¢ 99 Bancroft Hitehin SG5 INQ Twstee5'. Rev. Maxine Howarth Rev. Virginia Dear Cllr. lan Alt Clerk io ihe trijstees.. M. W. Seaman-Hill (Provided by J(th Shik(tk L> Ir1dendent examiner.. Philip Dean FCA Hicks and Company Chartered AcccwJntat)ts Fsrsr Fi(wx. 99 Bancroft Hitchin SG5 INQ Banker5'. Barclays Bank PLC 516 High Street Hitchin SG5 IBJ Page I
THE CHARITY OF CHARLES REPORT OF THE TRUSTEES R THE YEAR ENDED DECEMBER 2024 The intsiees preseThi iheir Jmnual repffi with finatttial 5thnnts of the cljariry for the year ended 3 Isi Decembtr 2024. The trustees have adtsed the provisiws of Acc(WJllling and Rcwing by Chariiie5'. Sthtement of Re¢ommended Practice applicable io Ch11]eS prepariog their accounts in actdanCe with the FinaKtal Reporting Standard applitable in ihe UK and Republic of Ireland {RiS1tr2) l¢ffeciive Isi January 2019). ObJeetlves And Aetivlties Obje£tiv¢s and 4im5 The objectÉves of the ¢hariiy are 10 provide h(m of rest (ksetving rtives w residenLS of the Paris1$ of Hiiehin and Si Ippolyts. that may Tw)t fiTrJ a¢comtncKtsticM) and security in the Ial cOM)lty io suii their particylar requirements and needs. Significant 4c¢iviti The charity's objecttves are achieved by collecung an Ixcupauonal charge ftom the residents who CUPY the houses of rest under the control of the [rUse5. Such chargc5 arc uuli5ed in mntaInin& repairing and refuTbL5hing the h(eS a5 necessary and the paying for the suppxt Costs the funciiorting of the cknity. Public ben¢fi¢ The ITusrees have paid due regard the Chariry comrnis5i(S Public Benefit Guidance aThJ compld with se¢tion l715} of the Charities Aci 2011 in exeTCi5iTh8 their powers and duues. and have styjght enSa that the chariiy ¢ontinue5 to provide benefits 10 Sultable TSon5 who relate diirctly to its objectives. The beneflts are publicly available io a]1 who qualify. All applicaiiofts are subjeci to due prc¢ess and ¢onsi¢kntion withwt dixriminatrLm. Achievements and P¢rforrnaDce Charitable actlvltks The properties controlled by the trustees continue to maitttained. ttpaired and refurbished in thai the existing and new residents oJe prortrly cLtered for. The trnsiees have ¢(W]linued io make availabk the b¢rt$ of resi uryler their CLtrol. Tr Constanldemaj has reflected rhe eed for such a chariiy thai provides a valuable suptAXt service in the Ial community. Th¢ mJstee5 cffitinue a PTogramrr£ of repairs. maintenance and refurbishtr£ni so thai IKcuw4ncy is c(ML5tanrly ai a high level. Financlal Rtvlew FinAnclal ptIon The fJnaThcial results for the year as shown on pa8e5 6 and 7 reflecr the LKcupational charges colleCd from residents. inves¢men¢ income received in ihe year. the ¢osts ir&uryed tn lleCting the irtOEne and maantsiping the PrOrtic5. the supp)rt costs and the fJThanctal statt ofaffairs of the chariiy at 314 tkcemkr 2024. Prlnciple Sources rf locome The major souw¢s of Inco are (Kcupaiional charges fmm residenLS and irtvestsneni inco£ from iThve5tments made of surplu5 fund5 under the control of the tEUStees. (keupalional Charges from residents were £t.241 hi8her than the previous year * £38.(J49 £37.7081. Dividend income increased by £87 &$ compared the previ5 yearw £151912023: £2.432). Principle itenL8ofexpenditure The trustees continue io ]Th)nitor and control costs that are incutred after due considerdtion. The rnain Irn of expEndiluTC Conlinued io be the rtpair and maInnarKe of the Propee5 and gardeThs under the cootrol of the trustees. Ovenll the cc61 of repairs and mainienance increased by £25.380 to£30.696 {2(P3: £5.3161. Mainly due io filling new WIEOw$ And rwf repwrs Ai two of the propertie& as well as full t[ Tep1x¢nt and of a vacani proF¢rty. While the cost of gardening decreased by £348 10 £3.120 (2023: £3.468). Overall in the year there was a Dei Iw before gains the revaluarion of investnnts of£6.843 (2023.. Net income £20.4011. P#gt 2
THE CHARITY OF CHARLES COLLISON REPORT OF THE TRusfEES R THE YEAR ENDED 31ST DECEMBER 2024 IDvestmenl polky Consideraiion is given (o reqUIreTht to incurcosts as requÉred to MaIn1n wrTnies. therefore having c(m5idered ihe options available the trusree5 have decided io retain an of funds With John Shile(Kk IA in a clients accwnL as a repair fund and io retain excess fvnds in rttognised chariry inve5uneni fvnds that are fatrly casily accessible. The policies 4dopd by the truses are such that Inves monies are carefully managed with a low risL Reserves polley Reserves are required for. UnexrKcted repairs and mainMan¢¢ thatC(Id be rtttssary * any time. Changes in iniemal refurbishmeDrs t, within reason io accoMMIate spttific or srkeialist needs of residents. Based on the charity's activilies the age of properties. the trustres aim to have unrestricd reserves to cover the historical valuaiton of the prOnic$ of £338.733 and one yeals expendilure. The estimad average yearly expenditure is £29.(MX). AI 31st December 2024. the chariiys Unresl¢d funds We in excess of the reserve l1¢y. bui trustees ccmsider this pwdeni as it ensures the charity has sufficient resouwes iocover the risks of rXF<etd repairs arwj maintenance co the properties. The trns¢ees ¢onsideT thai the present level of ¢upaU0al charges from residents and inve5[nlIt inconx gether with reserves LS sufflCLent to ensure the present charitsble aetivities can Et maintaiTKd and are suffKieni io the objecuves of the charity. Risk managemen¢ The trustees continue io assess and nM)niior the Maj risks io wbsch they 1dertht chariry 15 exrmxd particularly in relion io insurance. operations and finance. Structur¢, GoverDance and fvlaDapement Governing document The chariiy was consiitu(ed by the will of Charles Collison dawl 13th 1947 aTwJ 15 regulated by an Order of the Charity Commissioners for En8latKI and Wales dawl 27th November 1936 {charity number2097581. The charity's operational address is ShiLe¢xk House. 99 Bancroft. Hitchin. H¢rts. SG5 INQ. Org&ni5ational structure The charity ha5 a board of three trusw nde up Ls.. The incumbent of the be fi¢e of H]h]n The incumbeni of the ben¢fi¢¢ of Si Ippolyts A nominee of North Hertford5hire Districi CourKil The iru5rees meet 2 or 3 times per annum and are rtsKw)nsible f(K the objectives and aciiviues of the charity. All the trustees contribuie 10 the management of the chariry. Th¢ iru5tees are supported by a clefk. provided by John Shikc¢k Ud. PTof¢$5ional prcFrty adviser5. who is reS[SIble for.. The collection of ¢Up2110nllI charges fmm ffsidents. moniiwing and rewKting on the maintenance and Tepairs required in respeci Of ihe properties conimlled by the In. Ensuring ihar all dire¢iives of the trusttts are appropriatrly implernented. A licY of regular meetings means that all aspects of administering the chariiy are lly reviewed and monitOTed. Recrnitment and appointment of trusttts The irusitts can only be Ihe incumbeni of the benefice of Hitchin. incumnt of the benefKe of Si 1p)lY(S and a nominee of Nonh Henfordshire Di$triei Council. Tne¢S induftion #wi tTaining All tnjsiees are familiar with the w(Kk of the ¢hoTiLy aNI are involved in ihe a¢tLvilies. All trusttts are issued wilh a copy of the Charily Commissioners t#))klet Tr Essential Tntr¢- a1 a cwjy of the last ¢0 to enhantt their understanding of Iheir staiuiory respcnsibiliiies. Plans for future perlods The house5 are of an atse that repairs aNI maintenatKe are consthnuy required w COp]Y with residents needs and relevant l¢gi51aiion.
THE CHARITY OF CHAR REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024 Pla]LS for future periots witinued The tTU5tees have no sFcifi¢ plans other than to continue the nwiagement of the tfforkrties and admini5tercharib1e resourees as appropriate especially io ensure the priwenies are repaire(L mainthined and refurtjished 10 a saii5faci¢)ry swldard forexisting arKI new residents. TnLStees The tsustees who served durin8 the year were: Rev. MaxÉne Howarth Rev. Virginra Dear Cllr. lan Albert Statenxnt OrTrlee5 RblA11kS The tru5es are responsible for preparing ihe Rep( of the Ttustees aThl the elnts in Accord with applicable law and Unid Kingdom AcCinI1g S¢aThJards (Uniied Kingdom Genernlly Acttoed Accouniing pr11¢¢). The law applicable io ¢haritie5 in En8lwJd atKI Wales. the Chariiies Aci 2011. Chariiy (Acc(M]nts and Retmms) Regulations 2(M)8 and the provisions of the trust deed requires the trustees to prepare financial staieffknis for each finantial year which give a true and fair vi¢w of the stale of affair5 OF the chariiy and of the itKomin8 reXIrC 3nd applications are resources. including the incon* atld eX[]ILUre. of the charity for that FKriTrJ. In preparing these accnts. the trutt$ are required tt).. selecl suitsbl¢ aCCntInU lI£le5 and then apply them consistenily: - observe the methcxts aThJ principle5 in the Chariiy SORP: - make jud8ernenis atKI esiimaies thai are reaable and plnt. - prepare the financial stai¢met)ts on the going c(•Kem basis unkss it is inapprryriate to presume thai the ¢haTiry will continu¢ in business. The t]usiees are resp)nsible for keeping tK(wi acc(yJntiThg records which dilOse wiih reasonable accuwy ai any tirne the financial Posilion of the charity and io enable them to ensure thai the financia] statements comply with the Charities Aci 2011. th¢ chariiy (Accounts and Re5) Regulai15 2(M)8 and the provisi(w of the trusi (ked. Try are also responsible for safeguarding the assers of the chariiy and hence f(K taking reasonable steps the ptEvention aThJ detecti of frdud and other irregulariiies. The report was appmved by order of the Biwd ofTTUStees on 2025 and signed its behalf by.. ev. Virginia Dear TTUS Page 4
THE CHARITY F CHARLES COLLISON INDEPENDENT EXAMINER'S REPORT TO THE TRUSTE THE HARITY OF CHARLES COLLISON R THE YEAR ENDED 31ST DE EMBER 2024 Independent ¢xaminer's report to the trustees of lThe Cknity of Charks Co1119)n I r¢port LO the sIteS on my examinati( of the fLnancial stamentS of Tr ChaTity of Charles Collison for Ehe yearended 3151 December 2024, which are sd Pages 6 w I l. Responsiblllties and b¥is of report As the charity's trustees you are restrf)nsiblc the preparntion of the finla1 stttements ID aceordantt with the requirements ofihe Charities Aci 2011 ('the 2011 Aa,). Having sasi5fJed myself thai the financial stsmeftts of the clwiiy aTt not requlred audited and are eligible ftr independeni exarninaiion, I rep(f( in yes¢¢ of my examinaii(yn of your eharity'5 ftnancial sthternents as carried (M]1 under section 145 of ihe 2011 Aci. In canyng out tny examinarion I have followcd the applicable di1115 given by the Charity Commission utthr section 14515)(b) of ihe 201 I Aci. IndepeJKleRt examitter's sttemertt I have cornpl¢trd my cxaminati(. I conflmi no matertal nEaller5 have corn to my nI10ft in connecuon with the examination giving me Cause 10 believe that in any malerial resFtci= cix]nling records nc kept in r¢st¢ci of the Charity as tequired by secii(yh 130 of the 2011 ACL C 2. the financial siaiem¢nts do noi accord with those reCd$. or 3. the financial $TeMents do nol Comply with rhe acc1]£ requirements ¢oncernin8 the forn and Con1 of financial statements ser oui in the Chariiies {AccryEnts and Rep() Regulaiicffl$ 2(K)8 (thr than any requirement that the fjtmneial staiements give a'mle and fair view. which is a matter considered as part of an indetEndcnt eKaminaLlI)n: or 4. Ihe financial staiernenr5 have n<M wepared in accordawe with the th(]S and prin¢iples of the Stsiemeni of Recommended Practice for accounting and reporting by ¢hariiie5 (applicable iocharities prepatirhg their accwnrs in accordance with the Flnancial Retrfxting SiandaTd applicabk in the UK a1 Repubhc of beland {FRS 102)). I have Do Concerns and htsve corne crS no cher matters in n[clI with the examination to which attention sh(yJld be drawn in ¢his retM)n in order toenable a prr UTthrstanding of the rUwla1 Slents bc teached. Philip De FCA Hi¢ks a1 Company Chartered AcCnIan1 Firsi Flcor. 99 Baneroft Hiichin SG5 INQ Da. _ trr_2025 Page 5
ThE CHATy RLES COLLISON STATEMENT OF FINANCIAL AcftvrrIES Ilncorporating lrtcome and ExpEDditure A¢couw> FOR THE YEAR ENDED 31ST DECEMBER 2024 Cyciital 2023 Total Nrte Fund Fund Total 1coMe from charitable activities: Occupaiional charge from Tesidents lttYestn*nt Ine•me: Dividend incoTne Inierest received T•tal incorne 37.708 19 492 41,960 U19 492 41.960 2.432 Expendlture Cost of raising funds: Cosis of collecting residents contribuiions 4.488 Expenditure OTr charilable adivities: Provision of altnshou5e5 4U91 44241 15,559 Totsl ¢xpendlture 5912 4U91 20,047 Ntt incDmell¢xpenditur¢) before InvesthKnt gainsllloss¢s1 (4U911 Iw) 20,401 Net gain5 on Lrive51ments 1969 4.752 Net ineon)ellexpendlturel before translers 3&017 14WI) 14m4) 25,153 Tr4D5f¢rs between fuThJs (I Net movement funds 2179? lJlh69) {W4) 25.153 Reco1118t50rt of fun&s: Total runts brought forwArd 46557 589511 564,358 Total funds carr5ed forward lin2 56&749 15 584,637 589Jll The nOS on page$ 8 10 1 I forni part ofthese x¢wnts. All of the above results are derived from coniinuing aciiviiies. There are recognised gdins or losses than those sLiied above. Page 6
THE CHARITY OF CHARLLS COLLISON BALANCE SHEEr ASAT31 ER 2024 Funds 2024 2023 td a55tts Tangible assets Investments TO1 fixed assets 733 77595 410J28 733 77595 416J28 338.733 75.626 414.359 CurreDt &5gets Debtors Sholl temi deposits Cash at bank Cash held by John Shitck L Total cyrrent assets 3.339 32.710 96.451 46,557 179.057 33202 J 19315 119215 15188 173J71 173J71 Current liabilities Creditors= ATtyYJttlS fling due within uje year 1&062) (5,0621 13.905) Net current Assets 168JO9 175.152 Net awts SW637 589.511 The funds of the charity: UnresI¢d funds IU12 584ffi37 589,511 The noies on pages 8 to I I f(Th w of these aceLW]nts. The accounts were approved by thE Board of Trusttts on *oTc£ffl2025 and were its behalf by: Re . Virginia Dear Trustee Page 7
THE CHARITY OF CHA NOTLS TO THE ACCOUNTS DR THE YEAR ENDED 31 DECEMBER 2024 eftive To provide Fthses of rest for deserwing nauves ry ffsi(knts of the Pari51s of Hiithin Si Ipplyts. 2. stat and Basis of A¢coun . Status The ¢hariiy a re8isred chariiy IS Mt liabte for Wi¢ML any of ILS investrnEnt income. any 8aRrts derived from carying OUL Charitsble affliviiies. Bgsls of aecounting The Flnancial Slements of the charity. which is a public beJ)efii eniiiy under FRSlff2. have been prepared in aceordaThce wfftth the Chariiies SORP IFRS 102) 'Accouniing and Reporting by ClwirÈe5.' SLeTri of Recornmended Praciice applicable to charities preparing their acccKJnts in attordance with the Financial Rellg Stsndard applicable in the UK and Republic of Ireland (FRS 102) leffe¢iive Isi January 20191.. Financial RepKtin8 Swjdard 102 'The Financial RerA)rtin8 Standatrd applicable in the UK and Republic of Ireland. and the Chatilies Aci 2011. The finan¢ia] siaienxnts have been prepared under the historical cost convention m(xlified include preni¢S and inv¢sthrnts • valuhon. 3. Ac<ountl Polic Income (kcupaiiottal charges represents contribul1c from resithnts or 18] services on behalf of residents of the prynies under the control of the mLSte¢s and is included ffi an cniitkmeni basis. Incort from invesirnen is included in the year when ir is receivable. Invesimertt ]n5 l(SeS are reco8nised as a result of the dIsIng lET1n8 of investnnts. EXpendItre All expenditure is included on an accruals basLS and is recogsed whete thert is a legal or c(msin]ciive (A)ligation to pay for expense5. All cosis have ien direcily airribuied LO the fu{1 cawie5 of resources exnded. Costs of raising funds comprise the cos¢s ofcdleuing Ltcupational charges and InvestsnI rnanageKnt cos. Charitable aciiviiies exttNIiLure comprise those cos¢s incurred in the delivery of its a¢iiviues atwj services for irs beneficiaries iogether with supp(¥t costs asKtiated with rneeiing the c(XLstirntional and statulory ttquirements of th¢ charity. T#Eible fixEd assets And depreciation Freehold properties are included ai a his1Cal valuati. The trustres otrtairtd a valuation sury¢y f¢)r insurance purposes dated 22 j[Y 2020. which conf1rnd that the current value i5 in excess of the histcKical valuaLl(. No depreciaiion is charged as based on the valU10r$ the wsie¢s believe thai the 51dVa1 vatue of the frttlK)Id Property is in exc¢55 of ihe canrying value in ihe Ixed L$5ets investnxnts lmvesitnents are included at marker values. Fund aceounting All funds held by the chariry are considered unrestricied fvTrls and are available be used in aee(rdartt with the charitable objeciives of each fund at the discreti of the UceS.
THE CHARITY OF CHARL&S COLLISON NOTLS TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024 Analy of Ex Jiture 2024 2023 Costs of ra]ng funds: Cost of colkciin8 CUPational charges 4J62 4.488 Expenditure on charit4lAe artiviiit5: Repairs and maiTriertarKe Watrr rare5 Council taK LÉght artd heat Insurance Garden expenses Refuse Subscriptions Advertising Sunthy exSe5 Legal artd wofessional fees Indendert1 examinerfs fees 5.316 1.390 {831 263 2.895 105 3.112 3,120 49 196 173 765 1.31x1 15.559 lJ50 44241 Tothl txpenditvft 20.047 5. Trustees. Remunerat and Benefits There was no trusiees, remunefaiion or other benefits for the year ended 3151 Decernber 2024 nor for the year ended 31si December 2023. 6. Com aralives for ihe S¢atem¢nt Inalle Aelivltles Cyelieal Maintettaiiee GeDer41 2023 Total ItOme ltheome from ¢haTitsble #etSvltleL" (kcupauon21 charge from residenis Investment income: Dividend income Interest received Total income 37.708 37,708 1432 2832 Expetiditure Cost of raising fund5: Cosis of colleciing residents ¢¢x¢LribuiiLW Expenditure on charitsbk actsvitits: Provision of almshouses 14179 15J59 To¢al expendilure 5,788 14259 20,047 Net Incomel(expendlturel before investment gains (14259) 21)801 Nei gain5 on inveMen 4,732 4,7?2 Page 9
THE CHARrrY OFCHA COLLISON NOTFS TO THE ACCOUNTS FOR THE YFAR ENDED 31 DECEMB 2024 6. aliv for th tement of Fingnelai Attlvltles- eothtlnued Unre5tri¢tsd Cydlcai Ma5tttenance Fw General Fund 2023 Total Net lneomel(expedltUle} before tr4Lsfer5 39,412 (14359) 25,153 TT4ll5feT5 between funds 24J66 Net movement funds 11046 10.107 25,153 Reconciliation of funds Tal f4]nds brought forward S27 3Q450 Tothl funds carrkd fon¥ard 7. Tan ble Flxed Assets Total Freehold Properties Historic valuation: Ai 1st January 20?4 atKI 31si DecemEer 2024 33&733 & Fixed Asset Investmen CAIF IDvestjent cotF Clwity 2024 2023 Total Market Value Ai 15[ January Increase in value At 315t December 23.950 51.676 1.168 75,626 1.969 7795 70.874 4.752 75.626 24,751 9. Debto 2024 2023 Occupational charges in grrears Prew4ym¢ni for instJraThc¢ Prepayment for the Alnkshw ASSlation 3.117 1596 1.480 .516 343 3.339 io. CrcditOTS: F4lli Due Withltt One Ye*r 2024 2023 (k¢upational charges received in advance Other credii¢xs- repairs and rnainienance Accrual for rent eolle¢iioD fee5 Aecrual for acCnncY fees Accrual for wa(er expenses 1ffi50 4X) 948 240 1.271 5,1162 3,W5 Page 10
THE CHARITY OF CHARLES COLLISON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 TDE EMBER 2024 11. Funds General fund: To receive Occupati(al char8es from restdents atKI InvenI ioMe. To provide funds for the collection of rents and the 5uppffl ¢osts of the chariiy. To provKde funds (o the Cycli¢al Main8¢¢ fvnd as rKce5Sary. Cyclical Maintejwice fund: To manage th¢ properties. To ensure ihe pryr¢ies are fully insure4 mwntsined a[ Iwked after. The balance in the fund repSents the funds under Ihe control of John Shilcryk tjd. Balances 1st January 2024 Transfer twttn fvnds Balance5 31st DecemEer 2024 Invesim2nt 8ains Inccmning oui8oin8 Unrestricted funds: General tksignared fund.. Cyclical Maintenar 542.954 41.9 (5.912) (12.222) 568.749 46.557 589.511 (42.891) (48.803) 12.222 15.888 584.637 41.960 1.969 BalarKes IM January 20?3 Trdnsf beiwttn funds Balance5 31st December 2023 Invesimeni gains Incorning (h]igoin8 Unresiricied funds: General Designaied fund.. Cyclical Mainitllance 5?7.g)8 {5.788) 124,366) 542.954 36,450 564.358 (14.259) {20,(M7) 24366 46,557 589.511 40.448 4.752 11 Anal sis of Assets and Liabiliti Net asset% 31st December 2024 Fixed assets: Invesiment Current Current Bank Unrestricted funds.. General Designated fund.. Cyclical Main*nance 338.733 77595 152.417 (5.(kn?) 568.749 15.888 168.305 15.888 584,637 338.733 77J95 15.06?) Net assets 315t December 2023 Fixed assets: Properties Investmeni Curreni eis Currcni Bank Unrestricted funds.. General Designated fund.. Cycltcal MoinienarKe 338.733 75.626 129.161 3.339 {3.IX)51 54?,954 46557 175.718 46.557 589.511 338.733 7).626 3,339 I3.5) Pagell