REGISTERED CHARftY NUMBER: 211759 THE WILLIAM BROWN AL HOUSES CHARITY TR RT AND ACCOUNTS FOR THE YEAR ENDED 31sr MARCH 2024
TEtE WILLIAM BROWN ALMSHOUSLS CHARITY INDEX TO THE ACCOiINrs R THE YEAR ENDED 31sr MARCH 2024 cONrS Page Legal and Administy1ve InfonDati Indendent Examincls Rcr Statement of FInKId1 Activities Balance Sheet 8-11 Notes to Accounts
THE WILLIAM BR WN ALMSH SFS C114RrrY AL AND ADMINISTRATIVE FORmATIoN R THE YEAR ENDED jisr MARCH 2024 Charity name.. The Wrl]iam Bn)wn Alnshouses Charity Charity registration nurnr.. 211759 Charsiy addr¢ss: William Brown Almsh( CIO Susan Wa[kirOn 10 Whiiehur51 Avenue Hitchin SG5 ISR Trustee5.' Mr FAlrnund Wright. Chairm Mr5 Hannah Constaniinidi Mr5 Stella Farr Mts Susan Watkinson Mr Petei CarnKMJy IRes1wl 23-May.23) Mr R¢)btrt Challans {Apwpinted JPMay-23) Ms Carol Mumford IApFx)in IfvApr-241 Mr Stephen Dyer (Appthnied 25-Jlln-24) Clerk to the tn]ste¢s'. M. W. Seaman-Hill (Ceased 07.Nov.231 {Provided by John sh11ck Lid) Indendent exarnineT'. ilip Dean IfA Hicks and Company Chartered Accountants Firs¢ Fl(M)r. 99 Bancroft Hitrhin SG5 INQ Bankers.. Barclays Bank 516 High Street Hitchin SG5 IBJ Page I
THE WILLIAM BROWN AL USES CHA REPORT F THE TRLISTEES R THE YEAR ENDED 31ST MARCH 21124 The truseS present their annual reith with the financial ststements of the chariiy for the year ended 31st March 2024. The tyustees have adopied the provisions of Accourhting and Rep)rting by Charities.. s[2ment of Recornmended Practice applicable to charitie5 preparing their accounts in accordance with the Finala] RetMKu"ng Stsndard applicable in the UK atld Republic of Ireland IFRS1021 leffective 1st January 2019). ObJectives ADd Actlvilies Objectives and ain The objecLives of the charity are to provide h(wJses of rest deserying nauves IY residents of Hitchin. that tnay not find accommtKiation and security in the local communxry io suii their particular requirements and needs. Significant 8etAvities The ¢hariiy's objeciives are achieved by collecting an ct¢upational charge from the residents who CUPY the hou5e5 of TESt UDder the control of the m]stee5. Such charges ate utilised in maintoitiing. repainng and refurbi5hin8 the house5 as necessary and the paying for the 5UPPOrt Costs for the fun¢iioDiDg of the ehan"iy. Pllblle benefit The trustees have paid due regard to the Charity Conjrniwons Public Benefit Guidance and COMled with seciion 17151 of the Charities Act 2011 in exercising their Frf)wer5 and duties. ar have soughi to demonstsaie thai the charity continues to provide benefirs 10 suitable rsOnS who relate directly to its objectives. The beTrefirs are publicly available to all who qualify. All applicatioThs are subject to due process and consideration withoui discrimiThati(. Achievements and Perfonn4n¢¢ Charit3bie activities The propenies cotltrolled by thc trustees coniinue to be mainuined. repaired and refurbislled in order thAt the existing and new residents are prorIY catered for. The trustees have Continued io make available the houses of rest under ilKii c¢Mtml. The c(fflstsni demand has reflected the need for such a ¢hariiy that provide5 a valuable supwKt Service in the Ictal commuoily. The trustres coniinue a programme of repiiirs. maintenance and refurbishnKni so that CuanCY is c[tIY ai & high level. Financial Review FinaneiAI position The financial results for the year a5 shown on pages 6 and 7 flect the tuPtiOnal charges colle£ied from residents. invEStmeni income received in the year, the costs incurred in collecting the in¢onY and maintaining the pnFrties. the support costs and the financial stale of affair5 of charity at 3 Isi March 2024. Principle sources of ineome The major source of income are ¢UPatiOnal charges from residenLS. Occuparional charges from residents were £1,869 higher than the previou5 year at £40.68012023= £38.81] }. Principle itenLS of expenditurt The trustees continue monitor and contsol costs that a incurred after due ¢sIdera11(. The Thain iteThs of expendituir ¢i)n¢inue io be the repair and maintenance of the pri)perties and gardens under (he control of the tnistee5. Total expenditure on ¢haD"table acuvitie5 deCred by £3.084 to £22.630 {2023". £25.7141. Overall in the y&ir there was a nei incotne of £16.967 (2023.. £8.440). Page 2
THE WtLLIAM BROWN ALMSHOUSES CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 Reserves Wlcy Total funds held by the charity at 3 1st March 2024 were E19.W {2023: £62.097). The tnjstees have decided in the year to create a Thew designa1 reserve in the year called the Extraordinary Re"r Fund. The Extraordinary Repair Fund is to keep money aside to fund extraordiTW repair work 10 rhe pro[eS. the baIance of the reserve at 31st March 2024 was £60,158 12023.. £Nil) Reserves are required for.. Unexpected repairs and maintenance thai could be necessary at any time. Changes in iThiernal refijrbishmenrs &s necessary. within reaTr to accomnNxlate strtific ¢)r sla11$¢ needs of residents. Based ¢)n the chariiy's activities and the age of the pryrties. the trustees aim io have unrestricted reserves to cover one ycar'5 expenditure. The estimated averdge yearly exndituTe is £30.¢JXI. Ai 31s1 March 2024. the ¢harity'5 unte5ttieted fund5 were in exces5 of the reserve policy. Bui the trustees consider this prudeni so the charsry has suffjcieni resources to eover the risks of unexpected repairs and mainteThance to the properties. The trustees consider that the preseni level of occupational charges from resideThts is sufficient to ensure the present charitable activitie5 can be mainthined and are 5uffscieni io meet the objeciives of (he charity. Risk m8Dagement The trllsttes c¢)ntinue to assess and nN)n1[ the Majrisk$ to which they consider the charity is eX{d particularly in relation 10 insurance. operdtions athd fmance. Structure, GovernaDce and Management Governlng d•eument The govetning thurnent of the registered Charity 15 a will probate dated 8ih May 1929 C.C scheme 15th August 1961. The Charity's 0rational address is William Brown Alrnsh(wJ5e CJO Susan Watkin5on. 10 whltehut Avenue. H1h1n. SG5 ISR. OrgADiSationg1 strnrtllre The chariiy is administrred by d Managemeni Comminee. all of whom are Trt The irusiees meet 4 tirnes per annum and are reStbnSib]e the objectives and aeiivities of the ¢hariiy. All the tyusiees contribute to the rnanagemeni of the charity. The ITUStees were 5UPPOrted during the year by a clerk provided by John sh11c(k IAd. who are professional proFrty advisers. and who have since ceased their role. They wete respon5Lble for.. The collecrion of (Kcupational charges from residents. nNjniilng and retM)rnng on the mainteDat)ce and repairs required in respect of ihe properties Controlled by the trus$. Ensuring thai all directive5 of the tn]51ees are appropriately Impleffted. A policy of regular meetiThgs means thai all aspects of adminisiering th¢ charity are fvlly reviewed and monitoied. The role of elerk hds now been taken on by the trustres themselves. Trustees induction and training AII tNsiees aTe fatniliar with the work of the charÉty and are involved in the aciivitke5. All tru5rees are issued wirh a copy of the Charity Commissioners b(x)klet"The Essential Tru5tee- and a cY of the laiesi accounts io eThhance their understanding of their staiuiory iesponsibililies. Trusiees also attend relevant training course5 throughout the year io suptM)rt their roles. Plans for tre periods The hollses are of an age thai repaiTS and maInance are constandy required to comply with rtsidents needs and televant legislation. The trustee5 have no 5CIfiC plans other than 10 conrinue the managemeni of the properties and adminisier Charitable resources as appropria* espEcially to ensure the properties are repaired. Tnaintsined and refurbished a sausfactsiry SL2ndard for ¢xisiiThg and new residellts. Page 3
THE WILLIAM BROWN ALMSHOUSES CHARrrY REPORT OF THE TR TEES FOR THE YEAR ENDED 31ST MAR H 2024 The trus$ who seryed during the year were: Mr Edmund Wright- Chairrnan Mrs Hannah Constantirtidi Mrs Stella Farr Mrs Susan Watkinson Mr Peter Cami¢xly (Resigned 23-May-23) Mr Robert Challans (Appointed 31kMay-23) Ms Carol Mumford IApFrf)inted IftrApi-24) Mr Stephen Dycr {Appointed 25-Jun-24) Statement of Tr$1¢£5 Res[L5]bIlItieS The trustees are resrM)ns2ble for preparing the Rem of the TnLStees 2nd the financial strnts in accordance with applicable law and Unld Kingdorn Accounting Standarth IUni¢ed Kingdom Generally Accepted Accounting Pra¢ti¢el. The law applicable to Chaxities in England and Wales, the Charities Act 2011. Charity (Accounts and Rep)rtsl Regulations 2(KJ8 and the provi5ion$ of ihe trust deed requires the trustees to prepare financial swements for each flnancial year which give a true and fair view of the srate of affair5 of the clwity and of the irKoming resources and applications are re50urce5. including the income and expenditure. of the charity for that petic4J. In preE)aring these financsal stsiements. the trustees are required to.. select 5Ultable accounting policies and then apply them conslStendy- - obsetve the meihods and principle5 Ln the Charity SORP: rnake judgements arHI estimates that are reasonable al pnLdenL - prepare the financial staternenis on the going concern basis unless it is inappropriate to presu* that the charity will eontinuc in busithess. The trustees are reS)nSIble for keeping propel accouii¢ing cOrdS which disclose with reasonable accuracy at any time the rinancial position of the chariiy and io enable them to ensll thai the flnancial staLements comply with the Chatities Act 2011. the Charity IAc¢ounis 2nd Reports) Regulations 2(M)8 and the provisions of the 51 deed. They are a150 responsible for afeguiirding the asseis of the charity aTMI hen¢e fw uking reanknIe strps for the prevention and detection of fraud and other iTregularities. The report was approved by order of the Board of TNsiees on 171h Sepiemter 2024 and sign¢d its Ialf by.. r Edmund Wright Chairman Page 4
THE WILLIAM BR WN ALMSH ES CHARIYY INDEPENDENT EXAMINERS, RT TO THE TRUSTELS THE WILLLAM BROWN ALMSHOUSES CHARITY FOR THE YEAR ENDED 31ST MARCH 2(124 Independent exan)Iner's report to the trustees of The Wllllam Brtswn Almshouses Cbarity I report to the trusiees on my examination of the financial ststements of The William Brown Altnshouse5 Charity year ended 31$¢ March 2024. which aff sei oui on pages 6 to I l. RespoL5ibilities and basis fjf rert As the chariry's trustres you are resp)nsibie f(K the [ryardti of the accounts in accordance with the requirements of th¢ Charities Aci 2011 ('Ihe 2011 Act). Havin8 sat15fied n]yself that the financial 5tatenKnts of the charity are not required io be audited and are eligible for iThdependeTht exarninatLOn, I rew)rt in respect of rny eKamination of your charity'5 financial statements a5 carried out under section 145 of the 2011 Act. In caTrying out tny eAarnination I have followed the applicable direction5 given by the Charity ComtlliS5ion under se¢iion 14515}Ibl of the 2011 A¢i. IDdependeDt examiner's StaterneDt I have completed my examination. I conf]rni thai no rnaterial rnallers have coff to my &rteniion in connection with the examination giving me cse to believe that in any rnaterial resPECt.' accounting records were not kept in of the Charity as Tequired by section 130 of the 2011 Act. ( 2. the financial siaiements do not a¢¢ord with those cords. or 3. the financial ststrments do no¢ Comply wsth the a¢¢ounting wuirtments cOeming the forni and content of financial Strments se¢ oui in ihe Charities (A¢¢(ts and Repms} Reglllati(K¢s 2LK)8 other than any requirement that the flnancial statements ve a'tnle and fair view, which is not a maller considered as p3rt of an independent examitsaiion. 4. the financial starnents have noi been prepared in accordanee with the rnethts and principles of the Statement of Recommended Pracuce for accounting aThd reporting by chariiies {applieable to chariiies preparing their accounts in accordance with the Fmancial RerAning Standard applicable in the UK and Republic of Ireland (FRS 1021). I have no concerns and have corne acr05S no other matters in c0nrKCti with the examinarion to which attentlon Should be drawn in thi5 iep)rt in order (o enable a pioper undeistsnding of the financial statements to be reached. Philip Dean Hicks and Co Chartered Accounuqnis First FJIK)r, 99 Bancroft Hstchin SG5 INQ Da-. 17th September 2024 Page 5
THE WILLIAM BROWN ALMSHOUSFS CHARrrY STATEMENT OF FINANCIAL ACTIvITs {In¢orporatiDg aD Income and ExpeDditsre Att4)untl R THE YEAR ENDED 31ST MAR EXtraordigry ir General 2024 Total 2023 Toral Note In¢ome Income from cbaritAble activities: Occupaiional charge frotn residents Donations received Investment inctsme: Interest ieceived Total incon 38,811 63 41324 41.161 38,811 Expendithre C05t of raislDg funds: Costs of colleciing residents contributions I27 1,627 4.657 Expenditiire OD cbaritabie activities: Charitable aetivities 21630 22.630 25.714 Total exptndlture 24357 24XS? 30,371 Net inco)ne befoT¢ ir4Lrfer5 16.ym 16967 8,440 Transfers behvttD funds {601) Net income Iore galns and losses {43,191) 611.158 16.967 Other ree0* gAiwllloss¢sl Unrealised gainllloss) OTh invesunents Net movemeDI in (43,191) 60,158 16967 8,440 Reconciliation of funds Total fund5 brought forward 6I097 6LOYI 53,657 Total flln<Lg tarried forward io. .158 79.064 62.097 The notes on pages 8 to I I fonn part of these financial sts(ements. All of the alK)ve results are derived from con(inuing a]vilIeS. Therc are no re¢ognised gains or losses other than those stated above. Page 6
THE WILLIAM BR WN ALMSH BALANCE SHEET AS AT 31ST MAR H 21124 SFS CHARfTY Nole FuDth 2024 2023 ed assets Tangible assers TO1 red &ssets Current &%4ets Debtor5 Cash at bank Totsl Current assets 478 65,185 65.663 79291 799J7 79291 79937 Current Liabilities Creditors: Amollnis falling due within (me year 873 873 3.566 N¢t curT¢nt &ss¢ts 79,IKA 62.097 Net a&sets 79,064 79.O64 62.097 The fwids of the charity: Uniestricied funds io. 79,064 62.097 The notes on pages 8 to I I f(Thi part of these financial stsTrments. The accounts were apptoved by the B(Hrd of Trustees 17th Septrmber 224 and weTe signed on its behalf by.. Edmllnd Wright Chainnan Page 7
THE WILLIAM BROWN ALMSHOUSFS CHA NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31sr MARCH 2024 l. Ob"ective To provide houses of rest for deserving nauve5 (r residents of Hit¢hin. 2. Status and Basis of Accounti Stat5 The charity being a registed Chariiy is Njt liable laxation on any of its investhKni income. nor any thr gain5 derived from carryiThg out its charitable activities. Basis of Aeeountlng The Financial Statements of the chariry. which 15 a public nefit eniity UTHler FRS102. have tttn ppared in accordance with the ChaTities SOR IFRS 1021 'Accounting and Rewrtillg by Charitie5.' Ststernent of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting S(andard applicable in the UK and Republic of Ireland IFRS 102} leffeciive 1st January 20191., F5Tcial Rep(ryting Swjdard l(Y2 'The Flnancial RetK)niThg Standard applicable in the UK and Republic of IrelaThd' 3nd the Chatities Aci 2011. The financ1 swements have been prepared under the historical cost convention m(NJified include properties and investnts ai valuation. J. Accounti Poii£ie5 tncome OccupaiioThal clwges represents contributions from residents or swial services on behalf of residents of the properties under the control of the Trustees and is Iluded on an entidement basis. Expenditure All expenditure 15 included on an acctuals basis 2t)d is reeognised where rhere is a legal or con5ttuctive obligation io pay for expenses. All costs have been dire¢¢ly aitributed 10 the functional catrgorie5 of resources expended. Cosis of raisiThg funds comprise the costs of collecting (tcupaiional Charges and invesent managemeThi costs. Charitable activiiies expenditure comprise those ¢osts incurred in ¢he delivery of its activitie5 and 5ervice5 for its beneficiaries iogether with support costs as5tKiated with Tneeting the constitutional and stsiuiory reqlliremenis of the charsty. Tangible red assets The rnjsiees do not believe it is necessary io undertake a professional vajuaiion given the Special nature and use of the properties. Fund accounting All funds held by the charity are conshdered unre5tricied funds and are available to be used in a¢¢ordan¢¢ with the charitsble objectives of each fund ai the discretion of the Tru5(ee5. Page 8
THE WILLIAM BROWN ALMSHOUSES CHARrrY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 4. Anal sls of Ex nditure 2024 2023 Costs of raiSiDg fund5: C051 of collecting (uupational charges 1,617 4,657 Expendlture on tharltaNe actlvlties: War rates Light and heat Council tax Property insurance Garden mait)tenance Garden smprovemenrs NHDC Careline Property repairs and rnaintenaThce Subscription- Almshouses ASslatiOn Sundry exnSeS Clerk's expenses L£gal and professional fee5 Accountancy and indepEndent examine¢s fec 1.118 4.282 207 519 ,299 4.043 lJ13 iJ42 l.lJ56 1,096 10,820 189 232 $56 480 3(KJ 1,308 25,714 22.630 Total expendlture 242S7 30,371 S. Trustees, Rernunerntion and Benefits There was no irusiees, remuneraiion or other benefits for the yearended 31st March 2024 nor for the year ended 31st March 2023. 6. Corn rative5 for the Staiernetht of FiDancial Activilies Unrestric*d fund RestTi¢ fund 2023 Total Nott Income Income from charitable actlvltks: Occupational charge from residenis Investment iD¢ome: Inlerest received Total income 38.811 38,811 38.811 38,811 Expenditure C05t of rdising funds: Costs of colleciiThg residents contribuiions 4.657 4.657 Expendlture on Charltable activities: Charitable a¢tLVitLes 25.714 25.714 Total expenditure 30.371 30.371 Net income beforn transfers 8.440 Transfer5 between fuDds Page 9
THE WILLIAM BROWN ALMSHOUSES CHARrrY NOTES TO THE ACCOUNTS R THE YEAR ENDED 31ST MARCH 2024 6. Com aratives for the S¢atemeDt ofFinancia] Activities- continued Unrestriewl fund Restricted fund 2023 Toial Note Net incoTne before and losses 8.440 Other recolsed galL(l{L$sts) Unrealised gainllloss) on invesimen Net movement funds Reconciliation of fuDds To¢al funds brollghi forward 53.657 53.657 Total funds carried forward io. 62,(Y47 62,097 7. TaD 'ble Fixed Assets Freehold Properties The chari(y Conlinues to own ten properties. The trustee5 do not have a record of the original cosi of the prorErties. The trustees do not believe i( is necessary io undertake a profe55ional valuation given the special nature and use of the propertie5. 8. Debtors 2024 2023 PrepayrtnLs 478 478 9. Creditors: Amounts Falli Due Within ODe Year 2024 2023 Reni re1Ved in advance Reni collection fees Late purchase invoices Accruals 213 213 814 708 3,566 873 Page 10
THE WILLIAM BROWN ALMSHOU NOTES TO THE A OUNTS R THE YEAR ENDED JIST MARCH 2(124 10. Fun¢L% Gener. To receive occupational charges from Sidents and inv¢stnxnt income. To provide funds for the collection of rents and the suptMx( costs of the ch2riry. To manage the properties and ensure they are fully insured. maintsined and I)ked after. Designated- Extraordinary Repair Fund: To fund extraordiThary repair work to the properti To ensure the proFrties are fully insured. maintained and l(M)ked afier. Balances Isi Apnl 2023 Trdnsfer tween fuThds Balance5 31st March 2024 Incoming EKpenditure Unrestricted Funds.. General Desi8naied- Extraordinary Repair Fund 62.(Y)7 41.161 63 41.224 124.2571 (60,095) 60,095 18,9)6 60,158 79,064 62.097 124,2571 Balances 1st April 2022 Transfer between funds Balances 31st March 2023 tn¢oming Expendiiure Unrestricied Fund5'. General Designated. ExtrdordiThary Repair Fund 53.657 38.811 (30.371) 62.(V)7 53.657 38.811 130.3711 62.097 11. Anal sis of Assets and Liabilities to Funds Net assets 3 1st March 2024 Fixed assets: PrOrtIeS crn1 Cunent liabilities Bank Unresiricied Funds.. Generdl Designated- Extrdordinary Repair Fund 19.133 60.158 79,291 {873} 18.906 60,158 79.064 18731 Net assets 31 st March 2023 Fixed asscts." Prwrties CuTtcnt assets CuTTent Bank Unrestricted Fund5'. General Designated- Extraordinary Repair FuThJ 65.185 478 (3.5661 62,097 65,185 478 (3,5661 62,097 Page 11