Charity nUm￿r- 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 charit￿S 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 Dillon￿111• 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 qU1￿mentS 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 fU￿illed 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 kno￿edge 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