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 cONr￿S Page Legal and Administy￿1ve InfonDati Inde￿ndent Examincls Rcr Statement of FIn￿KId1 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 nurn￿r.. 211759 Charsiy addr¢ss: William Brown Almsh( CIO Susan Wa[kir￿On 10 Whiiehur51 Avenue Hitchin SG5 ISR Trustee5.' Mr FAlrnund Wright. Chairm Mr5 Hannah Constaniinidi Mr5 Stella Farr Mts Susan Watkinson Mr Petei CarnKMJy IRes1w￿l 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 sh11c￿k Lid) Inde￿ndent 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 trus￿eS 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[2￿ment of Recornmended Practice applicable to charitie5 preparing their accounts in accordance with the Fina￿la] 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 COM￿led 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 pro￿rIY 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 ￿Cu￿anCY 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 ￿tuP￿tiOnal 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 deCre￿d 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 designa￿1 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 rea￿Tr to accomnNxlate strtific ¢)r s￿la11$¢ needs of residents. Based ¢)n the chariiy's activities and the age of the pryrties. the trustees aim io have unrestricted reserves to cover one ycar'5 expenditure. The estimated averdge yearly ex￿ndituTe is £30.¢JXI. Ai 31s1 March 2024. the ¢harity'5 unte5ttieted fund5 were in exces5 of the reserve policy. Bui the trustees consider this prudeni so the charsry has suffjcieni resources to eover the risks of unexpected repairs and mainteThance to the properties. The trustees consider that the preseni level of occupational charges from resideThts is sufficient to ensure the present charitable activitie5 can be mainthined and are 5uffscieni io meet the objeciives of (he charity. Risk m8Dagement The trllsttes c¢)ntinue to assess and nN)n1[￿ the Maj￿risk$ 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 0￿rational address is William Brown Alrnsh(wJ5e CJO Susan Watkin5on. 10 whltehu￿t Avenue. H1￿h1n. 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 reSt￿bnSib]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. nNjnii￿lng and retM)rnng on the mainteDat)ce and repairs required in respect of ihe properties Controlled by the trus￿$. Ensuring thai all directive5 of the tn]51ees are appropriately Impleff￿ted. A policy of regular meetiThgs means thai all aspects of adminisiering th¢ charity are fvlly reviewed and monitoied. The role of elerk hds now been taken on by the trustres themselves. Trustees induction and training AII tNsiees aTe fatniliar with the work of the charÉty and are involved in the aciivitke5. All tru5rees are issued wirh a copy of the Charity Commissioners b(x)klet"The Essential Tru5tee- and a c￿Y of the laiesi accounts io eThhance their understanding of their staiuiory iesponsibililies. Trusiees also attend relevant training course5 throughout the year io suptM)rt their roles. Plans for ￿t￿re periods The hollses are of an age thai repaiTS and maIn￿ance are constandy required to comply with rtsidents needs and televant legislation. The trustee5 have no 5￿CIfiC plans other than 10 conrinue the managemeni of the properties and adminisier Charitable resources as appropria* espEcially to ensure the properties are repaired. Tnaintsined and refurbished ￿ a sausfactsiry SL2ndard for ¢xisiiThg and new residellts. Page 3 THE WILLIAM BROWN ALMSHOUSES CHARrrY REPORT OF THE TR TEES FOR THE YEAR ENDED 31ST MAR H 2024 The trus￿$ 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￿$1¢£5 Res￿[L5]bIlItieS The trustees are resrM)ns2ble for preparing the Rem of the TnLStees 2nd the financial s￿tr￿￿nts in accordance with applicable law and Unl￿d Kingdorn Accounting Standarth IUni¢ed Kingdom Generally Accepted Accounting Pra¢ti¢el. The law applicable to Chaxities in England and Wales, the Charities Act 2011. Charity (Accounts and Rep)rtsl Regulations 2(KJ8 and the provi5ion$ 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 rea￿nknIe 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 I￿alf 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 re￿rt 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 c￿se 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 cO￿eming the forni and content of financial Str￿ments 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 sta￿rnents have noi been prepared in accordanee with the rneth￿ts 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 ACTIvIT￿s {In¢orporatiDg aD Income and ExpeDditsre Att4)untl R THE YEAR ENDED 31ST MAR EXtraordi￿gry 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 I￿27 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 I￿ore 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