Charity nUmr- 210339 DARTFORD ALMSHOUSE CHARITY TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
DARTFORD ALMSHOUSE CHARITY CONTENTS Page Reference and Admlnistrative Details of thè Charlty. its Trust••$ and Adv15ers Trustses. Rgport Indèp•ndttnt Auditors. Report on the Financial Stat8m8nts Statement of Flnanclal Actlvities Balance Sheat io Notes to th• Flnancial Statements
DARTFORD ALMSHOUSE CHARITY REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025 Trustees Reverend M Henwood R Barton P Nicholls Cllr Mrs R Currans G Dillon-while Cllr J Ozog Cllr M Peters Cllr K Grehan S Harper lappointsd 10 July 20241 Charlty rogl$t•rod numbèr 210339 Independent audltors Xeinadin Audit Lirnited Slalulory Auditor Trinity House 3 Bullace Lane Dartford Kent DA1 1BB Bankers Natson81 Weslminsler plc 12 High Street Dartford Kent Pag8 1
DARTFORD ALMSHOUSE CHARITY TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their annual report together with the audited financial statements of the charity for the 1 April 2024 10 31 March 2025. Objectives and a¢tlvltles • Policies and obj¢¢tlYe$ One of the first foundations lo have the Ittle almshouse was recorded in Dartlord in 1453 wth a licence granted to erect Trinity Almshouse. The present Charity has ils Origins in Lowfield Almshouse Charity established in 1891. In setting objectives and planning for activities. the Trustees have given due consideration to general guidance published by the Charity Commission relating lo public benefit, inGluding the gLtidance 'Public benefit., running a Charity IPB21'. • Strategies for a¢hieving objectives Today the Trustees Continue 8 long tradilion of providing low cost housing for the eldedy wlh 24 flats and bungalows at Loam Court and a further 12 cottages and bungalows at the glade 11 listed Gartly Cottages. Contributions from residents are kept to thg minimum needed to maintain the properties and the services providad. Achlèvem•nts and performance Flnan¢ial review • Golng ¢on¢em After making appropriate enquiries, the Trustees have 8 reasonable expe¢lalion that the charity has adequate resources lo ¢onlinue in operational existence for the foreseeable fulure. For this reason, they continue lo adopt the going ¢oncern basis in preparing the financial statements. Further details regarding the adoption of the going ¢oncem basis can be found in the accounting policies. R•s•rvos policy It is the aim of the Charity to work tow3r(Is maintaining unrestrided funds al a level which eguales lo three months unreslricled expenditure. It is also necessary to deal with any long term issues or emergency problems puisuanl to a stock of a9ing prOPe.e$. Stru¢tur*, governanco and manag•m¢nt Con$tltutlon The Charity Is consliluled under a Schème of the Charity Commissioners dated 29 March 1974. The Charity reglstered number is 210339. The Charity is also registered with the Housing Corporation, No A2448. The almshouses provide privacy, security and independence for the older people who, for whatever leason, want thtrir own front door but who are unable lo afford private retirement a¢¢ommodalion. Methods of appointment or election of Trustees The Charity is admrnislered by the Trustees who are volunteers nominated by Dartford Borough Council or co- opted for their knowledge of Dartfofd. Page 2
DARTFORD ALMSHOUSE CHARITY TRUSTEES. REPORT ICONTINLIED) FOR THE YEAR ENDED 31 MARCH 2025 Structure, govèrnan¢¢ and mana9oment {contJnued) • Flnan¢lal ri$k management The Trustees have assessed the major risks lo which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that system5 and procedures are in place to mitigate exposure to the major risks. Plans for future perlod$ The almshouse 8rg specifically designed for the elderfy and with an increas¥ng elderly populaiion. the provision of this help continues lo be relevant. The Trustees would welcome the opportunity to increase ihe Charitls housing stock and are considering ways in which this mi9hl be achieved the futL¢re. However, the main efforts ¢onlinL¢e lo be the improvement of properties. Members. Ilablllty The Members of the charity guarantee lo contribute an amount not exceeding £1 to the assets of the ¢harity in the event of winding up. ststern8nt of Trust••$' responsibilities The Trustees are responsible for preparing the Trustees. Report and the financi81 statements in a¢¢ordance with applicable law and United Kingdom Accounting Standards Iuniled Kingdom Generally Accepted Accounting Practical- The law applicable lo charits'es in England & Wales Tequires the Twsteos to prepare financial statements for each financial which give a true and fair viow of the stale of affairs of the charity and of its in¢oming resources and application of resources, including ils income and expendiiure, for that period. In preparing these financial statements, the Trustees are required lo.. select suitable a¢untIng policies and then apply them consistenlly., obseNe the methods and principles of the Charities SORP IFRS 1021.. make jLJdgments and accounting estimates that are reasonable and prudent., slate whether appli¢able UK Accounting Standards IFRS 1021 have been followed, subject to any matéri81 departures disclosed and explained in the financial slalemenl5', prepare the financial statements on the going concern basis unless rt is inappropriate to presume that the charity will ¢ontsnue in businèss. The Trustees are responsible for keeping adequate accounting records that are Sufficient to sh¢)w and explain the charity5 transactions and dis¢lose with reasonable ac¢ura¢y al any time the financial posjbon of the charity and enable them lo ensure that the financial sialemenls cornply with the Charities Act 2011, the Char*ty IAc¢oun15 and Reports) Regulations 2008 and the provisions of the Trust deed. They are a150 responsible for safeguarding the assets ol the charity and hence for taking reasonable steps for the prevention and detection of Iraud and other irregularities. Dlselosure ol information to auditors Each of the persons who are Trustees al the lime when this Trustees, Report is approved has confirmed Ihal.. so far as that Trustee is aware. there 15 no relevant audit information of which thg charitS auditors are unaware, and that Trustee has taken all the steps that ought lo have been taken as a Trustee in order lo be aware of any levant audit information and to estsblish that the charills auditors are aware of that informalion. Page 3
DARTFORD ALMSHOUSE CHARir TRUSTEES. REPORT (CONnNUEDI FOR THE YEAR ENDED 31 PIARCH 2025 Audltors The auditors, Xeinadin Audr( Limited. have indicatgd th8ir willingne$s to continug In officg. The desynoled Tnjstees wlll propose 8 motion reappointing the audttors al a meeting of the Trustees. Approved by order of the memtws ofthe board ofTrustee8 and $ign8d on thelr behalf by.. ri•v•r•iid hl H•nTMood G Dillon111• Dat•: 06 Page 4
DARTFORD ALMSHOUSE CHARITY INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF DARTFORD ALMSHOUSE CHARITY Oplnion We have audited the finan¢ial statements of Dartford AlmshoLsse Charity (the 'charityl for the year ended 31 March 2025 which cornprise the Stslemenl of financial activities, the balance sheet and the ielaled notes, incltjding a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Praclicel. The financial statements have been prepared in accordance with Accounting and Reporting by Charities preparing thgir accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practi¢8 issued on l April 2005 which is referred to in the extant fegulalions but has been withdfawn. This has been done in order lor the accounts to provide a true and fair view in accordance with the Generally Accepted Accounts'ng Practice effective for reporting periods beginning on or after 1 January 2015. In oui opinion the financial statements: give a true and lair view of the state of the charitys affairs as at 31 March 2025 and of its incoming resources and application of resources for the year then endèd.. have been properly prepared in accor(Sance with United Kingdom Generally Accepted Accounting Practi¢e.' and havè been prepared in accordance with the requirements of the ChaTilie5 Act 2011. Basls f¢r opinion We conilucled our audit in accordance with Inlemational Standards on Auditing IUKI IISAS {UK)l and applicable law. Our responsibilities under those standards are ftjrther des¢ribed in the Auditors, responsibilities for the audit of the financial slalemenls section of our report. We a independent of the charity in accordan¢e with the ethical qU1mentS that are relevant to our audit of the financial s¢alemenls in the United Kingdom. inclvding the Financial Reporting Council's Ethical Standard, and we have fUilled our olher ethical responsibilrties in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions rnlating to golng ¢on¢¢m In auditing the financial statements, we have concluded that the Trustees. use of the going concern basis of accounting in the preparation of the financial slalemenls is appropriate. Based on the work we have perfomed, we have not identified any material uncertainties relating to events or ¢ondilions that, individually or collectively, may cast significant doubt on the chariWs ability to ¢onlinue as a going concem for a pellod of at least iwelve months from when the financial slalements are aulhorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of Ihis report. Page 5
DARTFORD ALMSHOUSE CHARITY INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF DARTFORD ALMSHOUSE CHARITY ICONTINUEOI othèr Information The other information comprises the infom)alion included in the Annijal Report oiher than the financial Statements and our Avdilors. Report therèon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial statements doe5 not cover the other information an¢J, except to the exlenl otherwise explicitly staled in our Teport, we do not express any form of assurance conclvsion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsislenl with the financial statements or our knoedge obtsined in the course of the audit. or otherwise appears to bè materially misslat8d. If we identify such material inconsistencies or apparent material misstatements. we are required to d&terrnine whether this 9ives rise lo a rnaterial misstatement in the financial statements themselves. If, based on the work we have perfomied, we concltjde that there is a material misstatement of this other information. we are required to report that fact. We have nothing lo report in this regard. Matt•rs on which we arn roqulr$d to report by exc8ptlon We have nothing lo report in respect of the following m8ttefS where Ihe Charities (Accounts and Reports) Regulations 2008 requires us to r8POrt lo you rf. in our opinion.. the information given in the Trustees, Report is inconsislenl in any material respect with the financial statements., or sufficient accounting records have not been kept., or the financial slalemenls are not in agreement with the accounting cOrdS and relums- or we have not received all the infomiation and explanations we rèquire for our audit. ResponsibSlltle$ of trustees A5 explained morg fully in the Trustees. Responsibilities Statement, the Trustees ale responsible for the preparation of the financial slalements which give a true and fair view. and for such inlemal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstalement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the ¢haritys ability to conlinue as a going concem, disclosing, as 8pplicable, matters relaled lo going concem and using the going concern basis of accounting unless the Trustees either intend to liquid8le the charity or to Cease operatior¢s, or have no realisti¢ alt8malive but to do so. P8ge 6
DARTFORD ALMSHOUSE CHARITY INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF DARTFORD ALMSHOUSE CHARITY (CONTINUED) Auditors. responsibilities for the audlt of th• financial statements We have been appoinled as atsditor under section 145 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial slalemenls as a whole are free from material misslalemenl, whether due to fraud or erlor. and lo issue an Auditors. Report that includes our opinion. Rè8SOn8ble assurance is a high level of assurance. but is not a guarantee that an audit conducted in accordan¢e with ISAS IUKI will always dètect a material misstatement when it exists. Misslalements can arise from fraud or error and are considered malgrial if, individually or in Ihe aggregate, they could reasonably be expeded lo influence the economi¢ decisions of users taken on the basis of thgse financial slalemenls. lffegularities, including fraud, are instances of nonwcompliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, lo dele¢l material misslalemenls in respect of irregularities, including fraud. The extent lo which our procedLtres afe capable of delecling irregularities, including fraud is detailed below.. We identified areas of laws and regulations that could reasonably be expected lo have a material effect on the financial statements from our general commercial and sector experi8n¢e and through discussion with th8 Iruslees and other management18$ required by auditing standards), and discussed with the trustees and oth8f management the policies and pro¢edures regarding compliance with laws and regulations. We communicatèd identified laws and regulations throughout our team and iemained alert lo any indications of non-compliance throughout the audit. The risk of not delecling a material misslatement T&Sulting frorn fraud is higher than for one resulting from error, s fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. The potential effect of these laws and regulations on the financial ststemenls varies considerably. Firstly, the charity is subject to laws and regulations that directly affect the financial slalemenls including financial repoth'ng legislation lincluding related charities legislation) and tsxation legi$181ion and we assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items. Secondly, the charity is subject lo many other laws and regulations where the consequences of non-compliance could have a material effect on amounts or disclosures in the financial statements, for instance through the imposib'on of fines or liligalion. We identified the followng area5 a5 those most likely lo have such an effect.. health and safely, anli-bribery and employment law. Audihng stsndards limit the required audit procedures lo identify non-compliance with these laws and gulatIOnS to enquiry of the directors and other management and inspection of regulatory and legal correspondence. rf any. Through these procedures, we became aware of no actual or suspected non-cofflpliance. Owing lo the inherent limitations of an audit. there is an unavoidable risk that we may not have detected some material misstatements in the financial $18lemenls, even though we have prop&rly pl8nned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations lirregulafltiesl is frorn the events and transa¢lions refle¢led in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify r(. In addition, as with any audit. there remained a higher risk of non-detection of irregularities. as these may involve collusion, forgery, intentional ornissions, misrepresenlalions, or the override of internal controls. We are not responsible for preventing non- compliance and cannot be expected to detect non<ompliance with all laws and regulations. A further description of our spOnSibl11t1es for the audit of the financial statements is located on the Financial Reporting Council's website at.. www.frc.or .tJkJauditorsres onsibilities. This description forms part of our Auditors. Report. Page 7
DARTFORD ALMSHOUSE CHARITY INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF DARTFORD ALMSHOUSE CHARITY (CONTINUED} Use of our report This report is made solely to the chariV5 trustees. as a body, in accordan¢e with Part 4 of the Charities IAccounts and Reports) Regulations 2008. Our audit work has been undertaken so that we rnighl slate to the charills trustees those matlers we afe required to stale lo them in an Avdilor5' Report and for no other purpose. To Ihe fullest extent permittèd by law, we do not accept or assume responsibility lo anyone other than the charity and ils Iruslees, as a b(xJy, for our audil work, for this report, or for the opinions we have formed. Xeinadin Audlt Limited Statutory Auditor Trinity House 3 Bullace Lane Dartford Kent DAI 1BB Dale.. 0 6 s# ss Xeinadin Audit Limited are eligible to a¢1 as auditors in temis of section 1212 01 the Companies Act 2006. Pag& 8
DARTFORD ALMSHOUSE CHARITY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted funds 2025 Total funds 2025 Total funds 2024 Note Income from: Donations and legacies Charitable a¢livilies Other trading activities Investments 40 277,397 1,620 36,095 40 277,397 1,620 36.095 50 262,642 2,253 30,070 Total Income 315.152 315,152 295,015 ExndIture on: Charitable activrties 246,810 246,810 251,494 Total expenflitur 246,810 246.810 251,494 Net Ine¢me before net gains on investments Nel gains on investments 68,342 20.038 68,342 20,038 43,521 27,172 Net movement in funds 88,380 88,380 70,693 R8eon¢lllation of funds.. Total funds brought forward Nel movement in funds 1,258,649 88,380 1,258,649 88,380 1,187,956 70,693 Total fund5 carried forward 1,347,029 1,347.029 1.258.649 The Statement of Financial Activities includes all gains and losses recognised in the year. Thè noles on pages 11 to 24 fomi part of thesè financial slalemenls. Page 9
DARTFORD ALMSHOUSE CHARITY BALANCE SHEET AS AT 31 PIARCH 2025 2025 2024 Note Flx•d asB•ts Houslng properties Tanglble assets Investments 13 14 15 279,460 43 929,999 301,438 854.593 1.209.502 1.156,089 Current a••ets Debtors Cash al bank and in hand 16 20,395 169.907 17,038 137.561 19).302 154.599 Creditors". anK)unts falling due wilhin on year 17 (52.7751 (52,039} Net ¢urrenl a••tts 137.527 102,560 Totsl assets lè¥$ current liabllltl•s 1.347.029 1.258.649 N•t as$•ts •xcludlng p•n$lon asset 1.347,029 1,258.649 Totsl n•t assets 1,347.029 1,258.649 Charlty funds Restricled funds Unrestricted funds 18 18 1.347.029 1,258.649 Total funds 1.347,029 1.258,649 The financSal ststemenls were approve¢J and aulhorised for issue by the Twslees and Signed on their behaLf by.. R¢vw•nd la H•nwood G Dlllon4Milty The notes on pages 11 to 24 form p?rt of the$¢ finan(¥al 8t&t*ments. P8ge 10
DARTFORD ALMSHOUSE CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 MARCH 2025 General Inforniatlon Dartford Almshouse Charity is a registered charity in the UK, under charity number 210339. The registered office is Flat 1. Loam Court. Meadowside, Dartford, DA1 2RY. The main activity of the Charity is to provide housing for elderty people. Accountlng pollelo$ 2.1 Ba$1$ ¢f pr¢paration of financial stat8m•nts The finan¢ial slalements have been prep8red in 8¢cordance with the Charities SORP IFRS 1021 Accounting and Reporting by Charitiès.. Slalernenl of Recommend8d Practice applicable to charitiès preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Chanties Act 2011. Dartford Almshouse Chaiily meets the definition of a public benefit entity under FRS 102. Assets and liabilitie5 are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. Dartford Alrnshouse Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised 81 historical cost or transaction value unless olhetwise slated in the relevant accounting policy. 2.2 In¢om¢ All income is recognised once the charity has enlitlemenl lo the income, il is probable that the incomg 11 bè received and the amount of income receivable can be measured reliably. Income lax recoverable in relation lo investment income is recognised at the b'me the investment income is receivable. 2.3 Exponditur• Expenditure is recognised once there is a legal or constructive obligation to transfèr economic benefit to 8 third p8rty, it is probable that a transfer of e¢onoTniG benefits will be required in settlement and the 8mounl of the obligation can bè measured reliably. Expenditure is classifi8d by activity. The costs of each activity are made up of the total of direct costs and shared costs, in¢lu¢Jing support costs involved in undertaking each activity. Direct ¢osls attributable to a single activity are allocated directly lo that aclivily. Shared costs which contribute lo more than one activity and support costs which are not attributable lo a single activity arts apportioned between those a¢tivitigs on a basis consistent with the use of resources. Central staff c051s are allocated on the basis of lime spent, and depreciation charges allocated on the pO.on of the asset's use. Expenditure on charitable activities is incurred on directly Ljndertaking the activities which further the charity's objectives. as well as any associated support costs. All expenditure is inclusive of irTecoverable VAT. 2.4 Int•rest r•c•lvable Interest on funds held on deposit is included when re¢eivable and the amount can be measured reliably by the ¢haiity, this is normally upon notifi¢ation of the interest paid or payable by the institution with whom the funds are deposited. Pagg11
DARTFORD ALMSHOUSE CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Ae¢ountlng pollcles Icontinuedl 2.$ Tangible fixed assets and depre¢latlon Tangible fixed assets are ini118lly recognised al cost. After recognition, Under the cost model, tangible fixed assets are measured al cost less accumulated depreciation and any accumulated impaimenl losses All costs incurre¢J lo bring a tangible fixed asset into its intentled working condition should be included in the measurement of cost. Depreciation is charged so as lo allocate the cost ol tangible fixed assets less their SIdUal value over their estimated ijseful lives. using a slraighl line or reducing balance method. During the year there was a ¢hange in accounting estimate wth regards to the depreciation of freehold buildings. After a reassessment of the estimate il has been deerned that the Ireehold properties have a remaining useful economic life of 50 years. Therefore depreciation will be applied at 2Vo on a straight line basis. As a change in accounting estimate this will be applied prospectively in line with FRS 102. Depreciation is provided on the following basis.. Freehold propety Office equipment Computer equipment 2 /0 Straight linè 25 /v reducing balance 33 /0 reducing balance 2.6 Invfrstments Fixed asset investments are a form of financial instrument and are initially recognised al their transaclion cost and subsequently measured at fair value at the Balance Sheet dale, unless the value cannot be measur$d reliably in which case il is measured at cost less impairmenl. Investment gains and losses, whether realised or unrealised, are combined and presented as 'GainsllLossesl on investments, in the Statement of Financial Activities. 2.7 Dèbtors Trade and other debtors are recognis8d at th8 settlement amount after any tradg discount offered. Prepayments are valued at the amount prepaid nel of any trade discounts due. 2.8 Cash at bank and In hand Cash at bank and in hand includes cash and 5hort-terrn highly liquid investments with a short maturity of three months or less from the dale of acquisition or opening of the deposit or similar account. 2.9 Liabilltl•$ and provisions Liabilities are re¢ognised when there is an obligalion al the Balance Sheet date as a result of 8 past event, it is prob8ble th818 transfer of economic benefit wTrll be qUIred in settlement, and the arnount of the settlement can be eslimaled reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount il has received as advanced payments for the good5 or services it musl provide. Prtsvision5 are measured at the best estimate of the amount5 required to settle the obligabon. Where the effect of the time value of money is material, the provision is based on the present value of those arnounls. discounted at the pre-tax discount rate that reflects the risks specifi'c lo the liability. The nwinding of the discount is recognised in the Slalemenl of Financial Activities as a finance cost. Page 12
DARTFORD ALMSHOUSE CHARITY NOTES TO THE FINANCJAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounllng poll¢les l¢ontinued) 2.10 Flnan¢lal instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised al tiansaclion value and subsequently measured at their strttlemenl value with the exception of bank klans which are subsequently measur8d al amortised cost using the effective interest method. 2.11 Penslon5 The charity operates a defined ¢onlribulion pension scheme and the pension charge represents the amounts payable by the charity lo the fur)d in respect of the year. 2.12 Fund a¢¢ounting General funds are unrestricted funds which are available for use at the dis¢felion of the Truslees in furtherance of the general obje¢lives of the charity and which have not been designated for other purposes. Designated funds Comprise unrestricted funds that havè been sel aside by the Trustees for p8rti¢ular purposes. The aim and use of each designated fund is Sel out in the notès to the financial ststemgnts. Investment income, gains and losses are allocated lo the appropriate lund. Income from donation$ and lega¢ies Unrestricted funds 2025 Tol81 funds 2025 Donations 40 40 Unrestricttrd funds 2024 Total funds 2024 Donations 50 50 Income from charitable a¢tlvities Unrestricted funds 2025 Total fttnds 2025 Provision of accommodation 277,397 277,397 Page 13
DARTFORD ALMSHOUSE CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Income from charitable a¢tlvltles Icontinuedl Unrestricted funds 2024 Totsl funds 2024 Provision of accommodation 262.642 262,642 In¢ome from other trading actlv5ti8s Income from non charltabl• tradlng activities Unrestricted funds 2025 Tol81 funds 2025 Laundry income 1.620 7,620 Unreslricled fvnds 2024 Total funds 2024 Laundry income 2,253 2,253 Investment incom¢ Unreslncled funds 2025 Total funds 2025 Investment income 36,095 36,095 Unrestri¢led funds 2024 Total funds 2024 Investment income 30,070 30,070 Page 14
DARTFORD ALMSHOUSE CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Analysls of ¥xp&ndlture on charitable activltle$ Summary by fund type Unrestricted fun(fs 2025 Total 2025 Provision of accommodation 246,810 246,810 Unrestricted funds 2024 Total 2024 Provlsbon of accommodatson 251,494 251,494 Analysis of expenditure by actlvlties A¢livilies und&rtaken directly 2025 Support costs 2025 Total funds 2025 Provision of accommodation 243,570 3,240 246,810 Activities undertaken directly 2024 Support costs 2024 Total funds 2024 Provision of accommodatson 248,344 3,150 251,494 Pagg 15
OARTFORD ALMSHOUSE CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Analys1$ of expenditure by activit1•$ Icontlnuedl Analysis of direct ¢o$t$ Total funds 2025 Total funds 2024 Staff costs Depreciation Rates & water Insurance Light & heat Rèpairs & maintenance 71,576 21,993 12.402 3,611 25,123 78,404 64,792 21,998 10,548 3.922 24.697 90,831 k il Gardening incl. gardgners wages Cleaning Security & safety Office expenses Bank charges Resident weffare TV Licences Truslee indemnity insurance Penalty Life insurance 9.136 4,633 7,766 5,075 360 2.780 23 8,191 5,360 9,961 3,890 3,190 30 484 100 104 90 243,570 248.344 Analysis of support costs Toial fijnds 2025 Total funds 2024 Auditors. remungralion 3,240 3,150 Page 16
DARTFORO ALMSHOUSE CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Auditors. rèmuneration 2025 2024 Fees payable to the charitys auditor for the audit of the charills annual accounts 2,000 2,000 Fees payable to the charitys auditor in respect of.. All non-audit services not included above 1.240 1,150 10. Staff ¢05ts 2025 2024 Wages and salaries Social security costs Contribution to defined contribution pension s¢hemes 66,597 1,680 3,300 60,899 893 3.000 71,577 64,792 The average numb8r of persons employed by the charity duiing the year was as follows.. 2025 No. 2024 No. Employges No employee received femuneralion amounting lo more Ihan £60.000 in either year. Pènslon ¢ornmitment5 The Charity operates a defined contribution pension s¢hem8. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension Cost charge rgpiesents contributions payable by the charity lo the fund and amounted lo £3,30012024- £3,000}. 12. Trustoes. remuneration and •xp¢n$e$ During the year, no Trustees ceiVed any remuneration or other benefils12024- £NILI. During the year ended 31 March 2025. no Twslee expenses have been incurred12024 - £NILI. Page 17
DARTFORD ALMSHOUSE CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 13. Housing prop•rtle$ Housing properties Cost Al 1 April 2024 1.098,920 At 31 March 2025 1,098,920 Amortlsation At 1 Apnl 2024 Charge for the year 797,482 21,978 At 31 March 2025 819,460 Net book value At 31 March 2025 279.460 At 31 March 2024 301,438 Oartford Almshouse Charity has accommodation on two siles. Gartly Cottages, built in 1841, were purchase by the Charity in 1912. In 1991 the Cottages were extended and renovated to provide 12 homes. The scheme was financed by Housing Association Grant of £458,833 and Residual Mortgage Loan of £106,310. The 24 units al Loam Court were built in 1975 on land owned by Ihe Ch8ri1y. Housing Association Grant of £75.759 and Residual Mortgage Loan of £40,003 funded the scheme. Loam Court was improved al a cost of £314,960 in 1996197, including Housing Associatson Grant of £153,000 In 1999 a warden's office and residents, lounge were created. Page 18
DARTFORD ALMSHOUSE CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 14. Tangiblè flx•d a$$•ts Office gquipmtrnt Cost or valuation At 1 April 2024 2,382 Al 31 March 2025 2,382 Depreciation AI 1 April 2024 Charge for the year 2,324 15 At 31 March 2025 2,339 Not book valu¢ Al 31 March 2025 43 Al 31 March 2024 58 15. Fixed asset investment$ Unlisted investrnents Cost or valuatlon AI 1 April 2024 Additions 854,593 55,368 20.038 Revaluations Al 31 March 2025 929,999 Net book value Al 31 March 2025 929,999 At 31 March 2024 854,593 Investments comprise of a porttolio ol Charitable Common Inveslmenl Funds INAACIF and COIFI, tx)Ih Accumulation and Income units. Pag8 19
DARTFORD ALMSHOUSE CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 16. Debtors 2025 2024 Du• wlthln one year Trade debtors Prepaymen15 and accrued income 12,433 7,962 10,437 6.601 20,395 17,038 17. Creditors: Amount$ falllng due within one y8ar 2025 2024 Bank overdrafts Ac¢rual$ 8nd deferred income 30 30 52,009 52,745 52,775 52.039 Page 20
DARTFORD ALMSHOUSE CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 18. Statement of funds ststernent of funds - current y¢ar Balance at 31 March 2025 B81ance al 1 April 2024 Transfers inloul Gainsl (Lossesl Income Expenditure D•slgnated funds Recoupment account 206,142 5,387 203 2,094 213,826 Cycli¢81 repairs & mainlen8n¢e Extra ordinary repairs 36,096 861 36,957 612,354 26,774 23,004 17,083 679,215 854,592 32,161 23,207 20,038 929,998 General funds General Funds - all funds 404,057 282,991 1246,8101 123,2071 417,031 Total Vnrestricted funds 1,258,649 315.152 1246.8101 20,038 1,347,029 P8ge 21
DARTFORD ALMSHOUSE CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 18. Statement of funds l¢ontlnu•dl Stalèmenl ¢f funds - prior year Balance 8t 31 March 2024 Balance al 1 April 2023 Transfers inloul Gains/ (Losses) Income Expendilule Unre$trl¢t¢d funds Designated funds Recoupment account 189,877 4.900 202 11,163 206,142 Cyclical repairs & maintenan¢e Extra ordinary repairs 35,465 631 36,096 453,534 21,338 122,104 15,378 612,354 678,876 26,238 122,306 27,172 854,592 General funds General Funds- all funds 509,080 268,777 1251,4941 1122,3061 404,057 Total Unre$tri¢ted funds 1,187,956 295,075 1251,4941 27.172 1.258,649 19. Summary of funds Summary of funds - current year Balance at 31 March 2025 Balance al 1 April 2024 Transfers inloul Gainsl IL055esl Incom& Expenditure Designated funds General fund5 854,592 404,057 32,161 282,991 23,207 123,2071 20,038 929,998 417,031 1246,8101 1,258,649 315,152 1246,8101 20.038 1,347,029 Page 22
DARTFORD ALMSHOUSE CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 19. Surnmary ol funds {contlnu•dl Summary offund$- prior year Balance at 31 March 2024 Balance at 1 April 2023 Transfers inloul Gainsl ILossesl Income Expenditure Designate(I funds General funds 678,876 509,080 26,238 268,777 122,306 1122,3061 27,172 854.592 404,057 1251,4941 1,187,956 295,015 1251,4941 27,172 1,258.649 20. Analysis of net assets b•tween funds AnaEysls of nét ass•ts between funds - current y•ar Unrestricted funds 2025 Total fund5 2025 Tangible fixed assets Intangible fixed assets Fixed asset investments Current assets Credilors due within one year 43 279,460 929,999 190,302 152,7751 43 279,460 929,999 190,302 152,7751 Total 1.347.029 1.347,029 Analysis of net ass•ts b¥tween funds - prior y•ar Unreslricled funds 2024 Totsl funds 2024 Tangible fixed assets Intangible fixed assets Fixed asset investments Current assets Creditors due within one year 58 301.438 854.593 154,599 152,0391 301,438 854,593 154.599 152,039} Total 1,258,649 1,258.649 Page 23
DARTFORD ALMSHOUSE CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 21. Related party transactions The charity has not entered into any related party transaction during the year. nor are Iheie any outstsnding balances owing between related parties and the charity al 31 March 2025. Page 24