REGISTERED CHARITY NUMBER: 211702
LAWRENCE CAMPE'S ALMSHOUSES TRUST
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
LAWRENCE CAMPE'S ALMSHOUSES TRUST
CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 30 June 2025
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 to 12 |
| Detailed Statement of Financial Activities | 13 |
LAWRENCE CAMPE'S ALMSHOUSES TRUST
REPORT OF THE TRUSTEES for the Year Ended 30 June 2025
The Trustees present their report with the financial statements of the Charity for the year ended 30 June 2025.
OBJECTIVES AND ACTIVITIES
Properties
The charity is responsible for the administration and management of the land situated in Friern Barnet Lane, London, N20, together with the almshouses thereon which, at 30 June 2025 consisted of:
Old Almshouses 7 apartments New Almshouses 4 one person flats 8 two person flats
The market value of the land and old almshouses, for which no figure appears in the balance sheet, has been estimated by the Trustees at £630,000 at 30 June 1999. Both new and old properties are insured for £4,993,560.
The almshouses are available to persons over the age of 50 who have a long standing connection with the area and a low level of capital.
FINANCIAL REVIEW
Results
During the year the Charity made an overall surplus on housing activities of £15,220 (2024 - surplus £16,603) and a surplus on non-housing activities of £5,791 (2024 - £5,701).
Expenditure
Although the Trustees have not refurbished any apartments during the year, they continue with their policy of repairs and refurbishment of apartments and flats as required and as they become vacant, although the majority have been completed over the last few years. Funds will need to be rebuilt in the years ahead to provide future provisions for the Almshouses.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document and a deed of trust.
Recruitment and appointment of new trustees
New trustees are recruited and appointed by the existing trustees. The trust deed provides that the body of trustees when complete shall consist of 9 competent persons being 3 ex-officio trustees, 1 nominative trustee appointed for 4 years and 5 co-optative trustees each appointed for a term of 5 years after which they may put themselves forward for reappointment.
Salaries
No member of the Board of Trustees received any remuneration during the year.
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LAWRENCE CAMPE'S ALMSHOUSES TRUST REPORT OF THE TRUSTEES for the Year Ended 30 June 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Relatod parties No member of the Board of Trustees has any interest in any firm of contractors or consultants employ8d by the Charity. Risk management The tnjstees have a duty to identify and review the rfsks to whlch the charfty is exposed and to ensure appropriate controls are Sn place to provide reasonable assurance against fraud and error. REFERENCE AND ADMINISTRATIVE DETAILS Reglstorod Charlty numbor 211702 Prlnclpal addro85 231 Woodhouse Road London N12 9BD Tru•ts•8 Ex-officio members: Rewd D Wilkin80n COp1a15Ve members: Mr E S Pratt- Chainnan Mrs S Hl¢km8n - Secretary Mrs T J Cl8mens- Treasurer Ms S Davles - Alrrt)ner- reslgned 5 Sepiember 2024 Ms F Cochrane - Church Warden's R8pr8sentative Ms V Vrsanka - Almoner- appointed 16 July 2025 Nominatlve member. Coundllor L Velleman- reslgned 7 May 2025 Independent Examlner Pomroy Associates Ltd 14a Meadway Court Rutherford Ck)se Stevenage Hertfordshire SG12EF Approved by order of the board of trustees on and signed on its behalf by: Mr E S Pratt - Trustee Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LAWRENCE CAMPE'S ALMSHOUSES TRUST
Independent examiner's report to the trustees of Lawrence Campe's Almshouses Trust
I report to the charity trustees on my examination of the accounts of Lawrence Campe's Almshouses Trust (the Trust) for the year ended 30 June 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
J M Pomroy Pomroy Associates Ltd 14a Meadway Court Rutherford Close Stevenage Hertfordshire SG1 2EF
Date: 6 November 2025
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LAWRENCE CAMPE'S ALMSHOUSES TRUST
STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 30 June 2025
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 7,300 Charitable activities Maintenance contributions 57,166 Investment income 2 - Total 64,466 EXPENDITURE ON Other operating costs 3 49,246 Net gains/(losses) on investments 1,994 NET INCOME/(EXPENDITURE) 17,214 Transfers between funds - Net movement in funds 17,214 RECONCILIATION OF FUNDS Total funds brought forward 115,947 TOTAL FUNDS CARRIED FORWARD **133,161 ** |
Restricted fund £ - - 5,791 5,791 - 100 5,891 - 5,891 131,280 137,171 |
2025 Total funds £ 7,300 57,166 5,791 70,257 49,245 2,094 23,105 - 23,105 247,227 **270,332 ** |
2024 Total funds £ 7,300 53,288 5,701 66,289 43,985 3,118 25,422 - 25,422 221,805 247,227 |
|---|---|---|---|
The notes form part of these financial statements
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LAWRENCE CAMPE'S ALMSHOUSES TRUST
BALANCE SHEET 30 June 2025
| Notes FIXED ASSETS Tangible assets 8 CURRENT ASSETS Debtors 9 Investments 10 Cash at bank CREDITORS Amounts falling due within one year 11 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES ACCRUALS AND DEFERRED INCOME12 NET ASSETS FUNDS 14 Unrestricted funds Restricted funds TOTAL FUNDS |
2025 £ 169,957 5,074 33,844 220,548 259,466 (3,940) 255,526 425,483 (155,151) 270,332 133,161 137,171 270,322 |
2024 £ 177,957 4,545 31,749 199,217 235,511 (3,790) 231,721 409,678 (162,451) 247,227 115,947 131,280 247,227 |
|---|---|---|
The financial statements were approved by the Board of Trustees on __ and were signed on its behalf by:
Mr E S Pratt - Trustee
Mrs T J Clemens - Trustee
The notes form part of these financial statements
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LAWRENCE CAMPE'S ALMSHOUSES TRUST
NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 30 June 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Freehold land and buildings
The properties are held for the provision of social housing and are stated at cost less depreciation in accordance with the guidance given in the Housing SORP 2018: Statement of Recommended Practice for Registered Social Housing Providers.
Old Almshouses
No figure is included in the balance sheet in respect of the old Almshouses and land comprised in the deed of gift dated 17 March 1612. Reference should be made to the comment in the Trustees Report.
New Almshouses
The new Almshouses are shown at cost, less Housing Association Grant and depreciation, as shown in the notes to these financial statements.
Depreciation
Depreciation has been provided on the new Almshouses at a rate which will write off the cost over a period of 60 years.
Taxation
The charity is exempt from tax on its charitable activities.
Housing association grants
Housing Association Grants (HAG) have been made by the Department of the Environment and have been utilised to reduce the amount of the mortgage loan in respect of the approved scheme to the amount which it is estimated can be serviced by the net annual income of the scheme. The amount of HAG has been calculated on the qualifying costs of the scheme in accordance with instructions issued from time to time by the Department of the Environment. Grants have been accounted for using the accruals method as permitted by FRS102 and in accordance with the guidance in the Housing SORP 2018: Statement of Recommended Practice for Registered Social Housing Providers. Grants are recognised over the useful life of the housing property.
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LAWRENCE CAMPE'S ALMSHOUSES TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 June 2025
| 2. INVESTMENT INCOME Bank interest Investment income 3. OTHER OPERATING COSTS Direct maintenance costs Other direct property costs Administration costs |
2025 £ - 5,791 5,791 2025 £ 31,998 7,749 9,498 49,245 |
2024 £ - 5,701 5,701 2024 £ 26,110 10,516 7,359 43,985 |
|---|---|---|
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 June 2025 nor for the year ended 30 June 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 June 2025 nor for the year ended 30 June 2024
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 7,300 Charitable activities Maintenance contributions 53,288 Investment income - Total 60,588 EXPENDITURE ON Other operating costs 43,985 Net gains/(losses) on investments 2,882 |
Restricted fund £ - - 5,701 5,701 - 236 |
Total funds £ 7,300 53,288 5,701 66,289 43,985 3,118 |
|---|---|---|
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LAWRENCE CAMPE'S ALMSHOUSES TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 June 2025
| 5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| fund | fund | funds | |||
| £ | £ | £ | |||
| NET INCOME/(EXPENDITURE) | 19,485 | 5,937 | 25,422 | ||
| Transfers between funds | - | - | - | ||
| Net movement in funds | 19,485 | 5,937 | 25,422 | ||
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 96,462 | 125,343 | 221,805 | ||
| TOTAL FUNDS CARRIED | |||||
| FORWARD | 115,947 | 131,280 | 247,227 | ||
| 6. | SPLIT OF NET INCOME | ||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Housing activities | 15,220 | 16,603 | |||
| Non-housing activities | 5,791 | 5,701 | |||
| Net gains/(losses) on investments | 2,094 | 3,118 | |||
| Net income/(expenditure) for the year | 23,105 | 25,422 |
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LAWRENCE CAMPE'S ALMSHOUSES TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 June 2025
7. ANALYSIS OF NET INCOME/(EXPENDITURE) FROM HOUSING ACTIVITIES
| Year ended 30 June 2025 Almshouses - 19 units Services Management Property costs Cyclical repairs and maintenance Housing association grants Year ended 30 June 2024 Almshouses - 19 units Services Management Property costs Cyclical repairs and maintenance Housing association grants 8. TANGIBLE FIXED ASSETS COST At 1 July 2024 and 30 June 2025 DEPRECIATION At 1 July 2024 Charge for year At 30 June 2025 NET BOOK VALUE At 30 June 2025 At 30 June 2024 |
Service Income £ 57,166 - - - 7,300 60,588 Service Income £ 53,288 - - - 7,300 60,588 |
Operating Costs £ (31,998) (7,749) (9,498) - - (49,245) Operating Costs £ (26,110) (7,359) (10,516 - - (43,985) |
Surplus/ (deficit) £ 25,168 (7,749) (9,498) - 7,300 15,220 Surplus/ (deficit) £ 27,178 (7,359) (10,516) - 7,300 16,603 New Almshouses £ 479,957 302,000 8,000 310,000 169,957 177,957 |
|---|---|---|---|
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LAWRENCE CAMPE'S ALMSHOUSES TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 June 2025
9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other debtors 10. CURRENT ASSET INVESTMENTS Income shares Accumulation shares |
2025 £ 5,704 2025 £ 3,955 29,887 33,843 |
2024 £ 4,545 2024 £ 3,856 27,893 31,749 |
|---|---|---|
Investments are held in The National Association of Almshouses Common Investment Fund and are valued at fair value. At 30 June 2025 the charity held 4,140 (2024 - 4,140) income shares at a value of 95.57p (2024 – 93.14p) per share and 235 (2024 - 235) accumulation shares at a value of 12,706.72 (2024– 11,858.11p) per share.
| 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 12. ACCRUALS AND DEFERRED INCOME Deferred government grants 13. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Restricted fund fund £ £ Fixed assets 169,957 - Current assets 122,295 137,171 Current liabilities (3,940) - Accruals and deferred income (155,151) - 133,161 137,171 |
2025 £ 3,940 2025 £ 155,151 2025 Total funds £ 169,957 259,466 (3,940) (155,151) **270,332 ** |
2024 £ 3,790 2024 £ 162,451 2024 Total funds £ 177,957 235,511 (3,790) (162,451) 247,451 |
|---|---|---|
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LAWRENCE CAMPE'S ALMSHOUSES TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 June 2025
14. MOVEMENT IN FUNDS
| Net movement At 1.7.24 in funds £ £ Unrestricted funds General fund 115,947 17,214 Restricted funds Provision for cyclical repairs and maintenance 131,208 5,891 TOTAL FUNDS 247,227 23,177 Net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 64,466 (49,246) Restricted funds Provision for cyclical repairs and maintenance 5,791 - TOTAL FUNDS 70,257 (49,246) Comparatives for movement in funds Net movement At 1.7.23 in funds £ £ Unrestricted funds General fund 96,462 19,485 Restricted funds Provision for cyclical repairs and maintenance 125,343 5,937 TOTAL FUNDS 221,805 25,422 |
Transfers between funds £ - - - Gains and losses £ 1,994 100 2,094 Transfers between funds £ - - - |
At 30.6.25 £ 133,161 137,171 270,332 Movement in funds £ 17,214 5,891 23,105 At 30.6.24 £ 115,947 131,280 247,227 |
|---|---|---|
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LAWRENCE CAMPE'S ALMSHOUSES TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 June 2025
14. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 60,588 | (43,985) | 2,882 | 19,485 |
| Restricted funds | ||||
| Provision for cyclical repairs and | ||||
| maintenance | 2,701 | - | 236 | 5,937 |
| TOTAL FUNDS | 66,289 | (43,985) | 3,118 | 25,422 |
15. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 June 2025.
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LAWRENCE CAMPE'S ALMSHOUSES TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 30 June 2025
| INCOME AND ENDOWMENTS Donations and legacies Housing association grants Investment income Bank interest Investment income Charitable activities Gross maintenance contributions Total incoming resources EXPENDITURE Other operating costs Gardening Utilities General repairs Rental of entry phone Electricity Sundry expenses Insurance Accountancy Cleaning Depreciation of tangible fixed assets Cyclical repairs and maintenance Total resources expended Net income/(expenditure) |
2025 £ 7,300 - 5,791 5,791 57,166 57,166 7,870 323 23,641 754 422 2,091 4,074 1,584 488 8,000 - 49,245 23,105 |
2024 £ 7,300 - 5,701 5,701 53,288 66,289 8,480 1,242 17,270 710 564 2,120 3,655 1,584 360 8,000 - 43,985 22,304 |
|---|---|---|
This page does not form part of the statutory financial statements
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