Parochial Charities (known os Much Hadham Almshouse Chority) (Charity number 212066) Financial Statements for the year to 31 December 2024 Summar The Charity The Charity was incorporated by a Deed of the Charity Cc¥nmissioners dated 10 November 1931 las varied on 14 September 1962 and 15 July 20241 and comprises: {11 The Charity known as the ALMSHOUSES: 121 The Charity ofWILLIAM PIGGOT founded by will dated 11 November 1689: (31 The Charity ofCHARLES BARON DEER fnded by will dated 25 February 1772; 141 The Charity of HUGH PARNELL fwnded by will dated 2 October 1799; {51 The Charity of HONOR PARNELL fcnded by will dated 29 April 1808: 161 The Charity ofTHOMAS MOTT founded by will dated 11 May 1822. 171 The Charity of ELIZABETH PARNELL founded by will dated 29 April 1808: and 181 The Charity called the HALES AND SOME ELEEMOSYNARY CHARITY regulated by a Scheme of the Charity clmi$S1oners of 8 Au8USt 1905. Appllcatlon of Income The income of the Charity is aOied: 111 in payin8 expenses of management being all char8es ard out80in&s payable in respect of the Alm5hwses and all the proper costs. charges and expenses of and incidental to the administration and management of the Charity: and 121 as to the balance, in the cost of repair and maintenarKe of the A]MshSe$ and ¢xherwise in such ways the Trustees think fit the benefit of the por of Much Hadham provided that it shall not be applied in relief of rates. taxes or other public furKIs. Trustees Sally Barra (Choir I Ire-appointed 18Januory 2021) Margaret Brent (Secretory) {re-oppointed 3 September 2024) Charlie Limmer Ire-oppointed l Februory 2022) Ann Moore {re5igned 3 September 2024) &mon Scutts (oppointed4 Februory 2025) ' James Steel (Treosurer) {re-oppointed 3 September 2024) Mott Ward (appointed l Ortober 2024) f21 121 The Charity has employees.
Trustees, Annual Report We closed the year a note of sadness Wlth the passing of Malcdm Rosbc8h. one of our residents. in December. He will be much missed. He had been a resident ft*just over4 years and had pVIouSlY lived for many years in Little Hadham. There has been no change in Cmjr other residents. The year was characterised by a lack of expenditure on maj(K repairs allowing us to generate a substantial surplus of over £I3.(K General Funds and build up our resources ahead of what we expect to be a year of heavier repairs expenditure. Investment markets rose sli8htly during the year. As a result of the in year surplus and rising investment markets ¢JJr total fvnds increased to £99.381 (2023.. £78.072). At the year end General Funds available for day-ttrday expenditure stcLxl at £23,723 (2023.- £10,551). Our Designated Funds. which are held to coier the cost of fLrture extraordinary repairs such as re- roofin rose to £74.87812023.' £66.765). General fund5 are kept in cash to provide immediate liquidity. The majcwity of Desiated Funds and liquid Endowment Funds are invested in p(MJed charity fvrKls with equity and bond exposure. This reflects the lon8er-term nature of these latter funds: our aim over time is at least to maintaln the real value of these funds and generate a small surplus withwt taking undue risk. Durin8 the year Ann Moore stepped down as a Trustee: we thank her for her service. We were pleased to welcome two new Trustees, Matt Ward and SIM Scutts. in September 2024 and February 2025 respectively. 20 May 2025
STATEMENT OF FINANCIAL AcnvmES for the year ended 31 December 2024 Year to 31 DeCemr Yearto 31 Decener2024 2023 Totsl General Desn•ted Unrestykted EndOvmx1 Funds Fltnds Funds Funds Tot•lFuffids Totsl FuThls Note Inlrstment &rKLYne Gain Illossl cffi sale c+ Investnts 3A)11 2,370 Malntenance eontrltrrt1OT 222 Tot•1 kncomtni resoyr¢es 207 3,011 22J24 25,335 23,310 Churttoble Water 1ngJrare ma repalrs Minor repairs Gas Mlellane¢Js 177 1,191 277 1,191 277 L191 264 1,119 11,954 325 562 325 562 325 535 Totsl rnsourc•s •Jy•nd•d S360 17.203 N•t (outlokn T•wyrt•s b•tr)r• tr•nsf• Transfers 12,3491 22324 19.975 6,108 14324 22324 122,3241 kn¢omln8 r•source5 belore oth•r recoin15ed ijkns Ind los$os 13,171 19975 19.975 6.108 Urffeallsed 8aln/ Ik6$1 on 6n%vtrnerrts 1309 25 &335 2,Z20 Nei nKveftxni 13,171 8,113 21284 25 21310 8J28 Fund bal•n¢es brouitrl lorward 10552 66.765 ri316 755 on 69.744 Fund b•knnc•s c•rrknl fopr•rd 23,723 74878 781 99,381 78,072
BALANCE SHEEr at 31 December 2024 31 December 31 OecemberX124 Totsl GenerJl DesnJted UTrre5trkwd End0wmt Funds Funds Fund% Funds Total Funds 2023 te Total Tale a55ets InstMentS 44.417 44A17 44A17 44,417 45.197 45,198 42.979 42,980 781 Debt5 Cash at bankand in hand L837 216 24.443 834 29fi26 30AfjI 2fi72 52232 2,672 51232 1,$53 33.761 35,334 Cr•dltofs: Ink)uTrts l•lknB due hln on•y••r 720 720 233 N•t tsrr•nt Assets 23.723 30.461 54.184 54ll4 35.(1 Total 1•ts l•ss Trnt 23,723 74A78 781 99,381 78,072 ¢hdttors: JTriynts l•lkni dy• •ft•r on•yor Pro¥lsknns for Il•blMtl•s Tot•1 N•t Ass•ts 23.723 7478 781 99.381 78,072 Ge31 Fund5 Deg8nated Fund5 Unre5twkt•d Furtd$ Endovffixnt fvndi 23,723 74,878 10,552 66,765 77,316 755 Total thirlty Fundi 99.381 78,072 The FlnarKLal aterne5 were aFwo¥ed tytheTnrtte¢S 20 M•y 202S beh•K trr. J•mtt St••1 (Tr•oswtrJ Notesset out cfi pa8es 5 to 7form part dthe5e FtnarKial SQaternert&
NOTES to the Financial Statements for the
ar
l. Accounting policie5
(Jl Bosi5 of accountin
Fina•31 Saternert5 havE bEen prepared in actdat ¥Ath akWKable United ryd0M Acttwntiry arthrd FRS 102, statement
of Recomrnerykd PTaclice'. A(cntE arml ReWrti try0[itIes{re¢ 2LK)Sl Itakw advantage ofthe corKe&won5 availalAetOsm4lttr
d)aritiesl and the Charities Act 2011. The FmarKial SateMeThtsha been werored uTrJerthe histcffical c05t convention with iterns
reCnISed at cost ortranetI0n exceO for the Valuati tille fNed assetsaThJ instments forwlith the vahjatlon baS1$#S
set Jt teknv.
Ibl Golng Concern
The Financi81 %¥temerfs h•¥e ten wep•red (b4 AOtr ¢mm b TheIrtee$ beletNstsarvf4y6ate slrrte ttre m$1me5 aft
fidlyrxcued. each of them hasteen refiwtishedwitknthe last fewwars andthe thritvssubstantial Ihii#d resources t4etherwith
antlclpated malrtenance cCrtrItr exceed the fweseeat4e maix repawsand rther eyThture o¥w the next lewyea
Icl Fundi
The Char4ty's Finala1 Statemerts ar• betwe•n r1j5fund5 whithnwy be yJrThnarised in relationto iome aThlcapr
- Investments l olthe 0ritlS itwestmentscomww inbtslmentsin p(K4edtharityfW¥&tuyF(h1rItiÈS1n1stMent andthe M&G (harty Asset
- Debtors 31 31 Oerrt>er December 2024 2023 6enemlRurfel MaintenatKe crmtribJtion5 recepMi4e arrear5 irterest re¢elvaLqe Prepayrnent5 930 31 L837 1.420 De5i4ivtrdFurnldeltyS A(t5 duefvom Gewal fvnds lrtere5t receIl4e 720 114 143 143 amntS are receivable witlin 12
- Cash at b•nk and on hand Cath at bankalon harX1cpr1$¢th h¢ld thethartyscwrert acc(yJnt wrth Barday5 Ba PLCaTrJcash held Inlnstant acce55 depth i¢cwntswith tharitiesofficial InstMent
- Credltors: amounts p•ble wlthlTr one year Ji 31 O•£•nw Decemb 2014 2023 Sjndrycredltors AMntS owed to Ownated FLKK15 143 233 720 The tharlty h•$ trfyrowirqsrr crther arrawemertsknthEnatuveof •nd Tr)ortr%•ft crf other borrty*lnK laallty.
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Movement In Ilquld resourus to 31 Y•ar to 31 Drf•ner December 2024 2023 Net IKcfnln8 resources In¥e#ment income rLxefvaLle Gain on sale ol irn¢nts Decrease 111rrtasel in debtors Irrtiease /IOecreasel in crethtcffs N•1 c•sh Infvwlloutllow)from oper¥tkn#irfhthi 19.975 (3,0451 6.108 12,3701 11,1091 487 133 3,729 IrNestment 5rOrne re£e 1.550 C•ptt•l•y•ndlture and th•nclJlln¥e5¢nni Prc(eed5 of Sa ol in%t#rnents FbJrcha5esof investmers Not cash Inlk)wllouil IB.471 5.279 id rewur¢e5 lYo4htlLwward 33.761 LlquJd wourtos tarr*d I0rd 52.2Y2 33.761 id resrscOMlXlhE awritrf5¢ath•t bar&arnl in hay
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Movement on Fund5 31 Detember X)24 lJuiry Income EJ4)•nd•d TrnnsfErs Gain5 End0d lunos The Am5houses Williarn Pi88Ot r1 Cthartes Barcn Deer FuThJ Hugh Parrll FuThl HLwr Parndl Fund Thjmas Mott FUTr Elizabeth Parnell Fund Hales and Styne EleenwJsyThryCharity 22 I22) 72 31 57 74 39 493 755 22 22324 221 1223241 17 25 781 Unrostrklod Fund$ Extraordinary Reser%* FuTrJ G•MrnlAwJdF 66.7 10,552 77A L3C8 7487B 23,723 98,6 207 311 15,3601 18?24 22324 L309 T11 Funds 78 OIL6t 25 3x97 5.359.98 334.62 99 361.22
- Transactlons wlth Related Partles The tharlty ha5 1 ¢heque&sed current bankacC4x iwjt b•nk¥¢£LMmt f•cilitL reason5 clwcurity and tase ol •dmlnlstraticffj payrnent5 areiewally made onlir tythe Treasurer belwlf(rft O¥rrtyaThl S1quentIY reimbursed lrytht Owrrty.. OJrlTrJ the aT payments crf E5,10412023.. £17,1101 re made intli5way. In ad(liiion, experws of £9012023.. £3821 were lrturred durirl the31 tyt thii behalfLrfthe 0rItyad reIMtrSed bythe tharlty. There were atr traartkfftStelWeefft thrlty and related partle5dwh¥ par and theTrusiees rece1 rfee0r other benefftsfrom ttr* ¢J4rltyln return their 5eThke5.
Independent Examinerfs pOrt to the members of Parochial Charities (Reglstered
Charity no. 212066) known as the Muth Hadham Almshouse Charity
I report C the ac£wntsolth? Muth Ha¢tham 31 L)e¢emt 2024 wlNth are Set out on
pages I to 7.
Rup•rtl4• r•5ponsknlkkn olTrusitts and EM•thor
The members