LORD RYCHE'S ALMSHOUSES TRUSTEES, ANNUAL REPORT AI¥D Accouwrs ST YEAR ENDED 31 DECEMBER 2023 LORD RYCHE'S ALMSHOUSES INDEX for the year ended 31" December 2023 Trusi¢es' annual report Indepei)dent exaininer's report on t])e account5 Receipts and payments account Notes to receipts and payments account Staiement of assets and liabililies LORD RYCHE'S ALMSHOUSES TRUSTEES, ANNUAL REPORT for the year ¢nded 31, December 2023 Legal and administrative information Chiirily nume The cl)arily is also known by the names Lord Ryche's Almshouses Charity and The Rochford Charities. Chiirity Ccimmi.f.vion reglslered nuniber 210524 Chiirily's principal uddress The address used for all correspondence is that of the Honorary Clerk, Mrs S Faulkner I I l Alcxaiidra Way Greai Wakering Soiitliei)d oli S¢a Esscx SS3 OGX Governiiig dc)cumenl The charity is govern¢d by the regulations set out in the Charity Commissioners, Scheme of1922 as amended in 1979, 1985 and 2001 which is based on the Will of Lord Rych¢ of Rochford made in 1571. Churily'.% fihjeet.F The Cliarity owns six altnshouses for the use and b¢nefit of local, needy and aged ienants. l. Trustees and governance Trii.Ylee.s The curr¢nt trustees, and those who acted during the year covered by this report are as follows: Mi. J H Hoivard - Chaim]an Mr C J Clark Trustee Mr l) J Cottis Vice-chairnian Mr C Tabor Trustee Mr J 11 A Jackson Trustee Mrs F Squier - Trustee Mr J P Smoothy Treasurer Mrs J McPherson Trustee Mr R Whittingham Truslee All tlie niembers acted iliroughout th¢ year erkded 31, December 2023. Page | I LORD RYCHE'S ALMSHOUSES TRUSTEES, ANNUAL REPORT for the year ended 31" December 2023 2. Activities And achievements Priiiciplll accivilies The principal a¢tivity of the trust is the provision of long-temi housing for six local, needy and aged persons. Fundin2.Ilralegy Costs are fui)ded by investment income and a monthly ¢ontribution from each tenant. Mlliiileiidnce Maint¢nance of, and repairs to, the Almshouses is arranged by the Trustees. Costs include exterior window Cleaning ai)d Biard¢i)inb. Acliievgnieiils in 2U23 Redesign of the Communal Garden continues. 3. Polieies Reserves The trLisiees' policy is to mainlaii) income that either exceeds or mat¢hes the costs incurred in the operation of tl)e cliarily. As at 31 st December 2023, unrestricted and restricted reserves totalled £246808 (2022.. £250875). 4. Sigiixture declaration I declare, in my Capacity of charity trustee, that.. Tlie truste¢s have approved th¢ Report set out above. The trustees have complied with their duty as per section 4 of the 2006 Act to have due regard to guidanc¢ on public beiielit published by the commission,. and Thc trustees have authorised m¢ to sign it on their behalf. J p giiioothy- Trustee & Treasurer Foi" ill?d oli bel)alf of Il)e Trustees of Lord Ryche's Almshouses Page | 2 LORD RYCHE'S ALMSHOUSES INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS Report lo the trustees of Lord Ryche's Almshouses on the Receipts and Payments Accounts for the year ended 31 December 2023, sel out on pages 4 to 6. Respective responsibilities of truslees and examiner Tlic charity's trustees are responsible for the preparation of the a¢counts. The charity's Iruslees Consider that an audit is not required for this period and that an independent examination TS needed (under section 144 uf thc Charities Act 2011 (the Charitie5 Act)). It is niy responsibility to.. examine the a¢¢ounts (under section 145 of the Charities Act). follow the procedures laid down in the general Dir¢¢tions given by the Charity Commission {under section 145(5)(b) of the Charitie5 A¢t)' and state whether parti¢ular matters have come to my attention. Basis of independent examiner'5 StatemeD¢ My exainiiiatioii was carried out in accordance with general Directions given by the Chariry Coiiimission. An exaiiiination includes a review of the accounting records kept by the charity and a coinparison of the accoLEllts presented with those records. It also includes consideration of &ny iinusual itcms or disclosures in the accounts and seeking explanations from the trustees conceniiiig any sucl) matters. The procedures undertaken do not provide all the evidence that would be required in an audil, ai)d consequently no opinion is given as to whether the accounts present a 'true and fair, view and the report is limited lo those matters set out in the statement below. Independent examiner's statement In Lonnectioii wilh my examination, no matter has com¢ to my attention: ( l ) which gives me reasonable cause to believe that in any material respect the requirements.. lo keep accounting records in accordance with section 130 ofthe Charities Act. and to prepare accounts which accord with the accounting records and comply with the ac¢()uniingy requirements of the Charities Act have noi been met. or (2) to which. in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Jun¢ 2025 Di£ vid Stapleton Bsc ACA How£ird & Stapleton 26-28 West Street Rochford Esbex, SS4 1 AJ Page | 3 LORD RYCHE?S ALMSHOUSES RECEIPTS AND PA YMENTS ACCOUNT for the year ended 31 Dec¢mber 2023 2023 2022 Unrestricted Funds Restri¢¢ed Funds Unresiricled Fund5 RestriclLd Fund.5 Notes Rcccipts Donations. legacies and other siinilar rec¢ipts Operating a¢livities to further ¢l)arity's objects lo g?eneral¢ funds Grai)ts received 450 5100 Otlier receipts Iiitej'est and dividends 39050 265 37005 39765 427J2 PAyments Payinents for generating funds Cliaritable payments: grants paid cl)aritable activites support costs Inanabyemeiit and administration Iinan¢¢ costs 15697 2025 26110 8830 3241 16096 Other payinents 43832 28167 Non-ca5h movements Pi'ofit on disposal of investments Ti'aiisfer between funds (5482) 5482 (8070) 8Q70 5482 5482 (8070 8070 Net Re¢eipts/(Payments) For period SLirplus funds brought forward (9549) 211690 5482 39185 6475 205215 070 31115 As at 31 Dec¢mber 2023 202141 44667 211690 3Y185 The notes on page 5 fomi part of th¢se accounts Page 14 LORD RYCHE'S ALMSHOUSES NOTES TO RECEIPTS AND PA YMENTS ACCOUNT for the year ended 31 Dec¢mb¢r 2023 2023 2022 Unreslricled Re.i'iri¢l¢d Ftsnds Funds Unrestricted Restricted Funds Fund5 Notes Donat10115, leg*cies and other similar re¢eipts D()iiation5 restricted unrestricted Legacies Gift Aid tax refunds 450 5100 450 5100 Grants received Rocliford Disirict Council Other re¢eipts Residents, contributions 39050 37605 39050 37005 Interest and dividends Dcposit account interest 265 265 Support costs 1597 1311 12788 1138 J227 6465 Iiisurance Maintei)ance Coui)cil tax 15697 8830 Assets The tWStees do not hold any assets aside from. ( l } cash accumulated and held in the bank; {2) the freehold land and buildings comprising the six almshouses with a current valu¢ of £1.250,000, the ¢osl of which is indelemiinable. Page | 5 LORD RYCHE'S ALMSHOUSES STATEMENT OF ASSETS AND LIABILITIES as at 31 December 2023 2023 UDrestrieted Restricted Fuuds Funds 2022 Unre51ricled Funds Reslricied Fund Total To¢al Assets AlJnsl)ouse5 Costs Cash funds.. Currei)t account Deposit account 534677 179276 355401 534677 179276 355401 793 22072 793 22072 6407 26007 6407 26007 Assets retained for the charity's own use 557542 202141 355401 567091 211690 35)401 LI￿bilitieS Cl)aritv bank loan 310734 310734 316210 3J02J6 310734 310734 316216 3JL62JO Sigiicd 01) behalf of the trustees J H l-loward - Trustee and Chairnian Page | 6