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 f￿nded 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 fc￿nded 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 c￿lmi$S1oners of 8 Au8USt 1905. Appllcatlon of Income The income of the Charity is aOied: 111 in payin8 expenses of management being all char8es ard out80in&s payable in respect of the Alm5hwses and all the proper costs. charges and expenses of and incidental to the administration and management of the Charity: and 121 as to the balance, in the cost of repair and maintenarKe of the A]Msh￿Se$ 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 Rosbc￿￿8h. one of our residents. in December. He will be much missed. He had been a resident ft*just over4 years and had p￿VIouSlY 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 Desi￿ated 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 DeCem￿r Yearto 31 Decen￿er2024 2023 Totsl General Des*n•ted Unrestykted EndOvmx￿1 Funds Fltnds Funds Funds Tot•lFuffids Totsl FuThls Note Inlrstment &rKLYne Gain Illossl cffi sale c+ Invest￿nts 3A)11 2,370 Malntenance eontrltr￿rt1OT 222￿* Tot•1 kncomtni resoyr¢es 207 3,011 22J24 25,335 23,310 Churttoble Water 1ngJrar￿e ma￿ repalrs Minor repairs Gas Ml*ellane¢*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 nK*veftxni 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 fop*r•rd 23,723 74878 781 99,381 78,072 BALANCE SHEEr at 31 December 2024 31 December 31 OecemberX124 Totsl GenerJl Des*nJted UTrre5trkwd End0wm￿t Funds Funds Fund% Funds Total Funds 2023 te Total Ta￿l￿e a55ets In￿stMentS 44.417 44A17 44A17 44,417 45.197 45,198 42.979 42,980 781 Debt￿5 Cash at bankand in hand L837 216 24.443 834 29fi26 30AfjI 2fi72 52232 2,672 51232 1,$53 33.761 35,334 Cr•dltofs: Ink)uTrts l•lknB due **hln on•y••r 720 720 233 N•t tsrr•nt Assets 23.723 30.461 54.184 54ll4 35.(￿1 Total ￿1•ts l•ss ￿Tr*nt 23,723 74A78 781 99,381 78,072 ¢hdttors: JTriynts l•lkni dy• •ft•r on•yor Pro¥lsknns for Il•blMtl•s Tot•1 N•t Ass•ts 23.723 74￿78 781 99.381 78,072 Ge￿31 Fund5 Deg8nated Fund5 Unre5twkt•d Furtd$ Endovffixnt fvndi 23,723 74,878 10,552 66,765 77,316 755 Total thirlty Fundi 99.381 78,072 The FlnarKLal ￿aterne￿5 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 S*aternert5 havE bEen prepared in act￿da￿t ¥Ath akWKable United ￿ryd0M Acttwntiry *arthrd FRS 102, statement of Recomrnerykd PTaclice'. A(c￿ntE￿ 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 reC￿nISed at cost ortran￿etI0n exceO for the Valuati￿ ￿t￿ille fNed assetsaThJ in*stments forwlith the vahjatlon ba￿S1$#S set ￿Jt teknv. Ibl Golng Concern The Financi81 %¥temerfs h•¥e t*en wep•red (*b4 AOtr* ¢mm b* TheIr￿tee$ bele*tNstsarvf4y6ate slrrte ttre ￿m$1￿m￿e5 aft fidlyrxcu￿ed. each of them hasteen refiwtishedwitknthe last fewwars andthe thritvssubstantial Ihii#d resources t￿4etherwith antlclpated malrtenance cCrtrItr￿￿ exceed the fweseeat4e maix repawsand rther e*yTh*ture o¥w the next lewyea Icl Fundi The Char4ty's Fina￿la1 Statemerts ar• betwe•n ￿r1￿j5fund5 whithnwy be yJrThnarised in relationto i￿ome aThlcapr Crttrw**cme1gJth as (knldend Income arnj (l*atleffjl ISreW￿Sed when recdb*d. IrKcffje Isacwjntedlor at ￿58T055 ￿l￿e. (•) Expond*ur• Expenditure is recL¥nl%edM an attrua15 IfjT•nKbl• fiy4d •urts •nd d•pf•¢bthn The Alrnshou5ès [￿ned bythe tharity ar¢ kn In th bal•rK¢ at a rKxnknal £1. No￿1￿¢ ts Ittr￿tedtOtfve ftxturesafv ffttlr8swItNn eaCh￿rn5hr￿ uwned tythe 04r6ty. Ilnvtttmonts IrNestments are stated at market value. Ihl D•btor5 Amounts uwin¥tothE Olarityare asdeL*¢xs IrM•ry prthiyMf¢r •mtsJntsth•t m* U￿￿1•¢tabl8. 2. Investment In¢orne Year to 31 December Year to 31 December 2024 n•t ownwt Funds Tot•lFyhd5 2023 Funds Funds Unr•strtted Total Fun¢k Dhldend Income Bank Dewslt Intere 34 L494 L551 1421 207 1551 207 3J)11 34 70 3. Tanglble Il*ed assets The tharity'stangit4e fNedassetscoryise freek4dlaTrJ and the 4￿mShO￿$t$0￿lÈd (h*rity¥t N05 1, 3, 5 and 7 T(w¥er Hll, Much Hadham. TFeyare hdd at a rKxninal valve rf£l for xcounlire WkV4e5 ixrt are irwed for £L384.065 %¥liththe Trustees bdieve reyesents a reasC￿3t4e estimate of th*"r current market valL*. 4. Investments l olthe 0￿rit￿lS itwestmentscomww inbtslmentsin p(K4edtharityfW¥&t￿uyF(h1rItiÈS1n1￿stMent andthe M&G (harty Asset 5. Debtors 31 31 Oer*rt>er December 2024 2023 6enemlRu￿rfel MaintenatKe crmtribJtion5 recepMi4e ￿ arrear5 irterest re¢elvaLqe Prepayrnent5 930 31 L837 1.420 De5i4ivtrdFurnldel*tyS A￿(￿￿t5 duefvom Gewal fvnds lrtere5t receI￿l4e 720 114 143 143 am￿ntS are receivable witlin 12 6. Cash at b•nk and on hand Cath at banka￿lon harX1c￿pr1*$¢*th h¢ld thethartyscwrert acc(yJnt wrth Barday5 Ba￿ PLCaTrJcash held Inlnstant acce55 dep￿th i¢cwntswith tharitiesofficial In￿stMent 7. Credltors: amounts p￿•ble wlthlTr one year Ji 31 O•£•n*w Decemb 2014 2023 Sjndrycredltors AM￿ntS owed to Ownated FLKK15 143 233 720 The tharlty h•$ ￿ trfyrowirqsrr crther arrawemertsknthEnatuveof •nd Tr)ortr%*•ft crf other borrty*lnK laallty. 8. Movement In Ilquld resourus to 31 Y•ar to 31 Drf•n*er December 2024 2023 Net IKcfnln8 resources In¥e#ment income rLxefvaLle Gain on sale ol i*rn¢nts Decrease 111r￿rtasel 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 5r￿Orne re£e 1.550 C•ptt•l•y•ndlture and th•nclJlln¥e5¢n*ni Prc(eed5 of Sa￿ ol in%t#rnents FbJrcha5esof investmer*s Not cash Inlk)wllouil IB.471 5.279 id rewur¢e5 lYo4htlLwward 33.761 LlquJd wourtos tarr*d I0￿rd 52.2Y2 33.761 id res￿r￿scOM￿lXlhE awritrf5¢ath•t bar&arnl in hay 9. Movement on Fund5 31 Detember X)24 lJ*uiry Income EJ4)•nd•d TrnnsfErs Gain5 End0￿￿d lunos The Am5houses Williarn Pi88Ot ￿r￿1 Cthartes Barcn Deer FuThJ Hugh Parr*ll 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 3￿11 15,3601 18?24 22324 L309 T￿11 Funds 78 OIL6t 25 3x97 5.359.98 334.62 99 361.22 10. Transactlons wlth Related Partles The tharlty ha5 1 ¢heque&sed current bankacC4x￿ iwjt b•nk¥¢£LMmt f•cilit￿L reason5 clwcurity and tase ol •dmlnlstraticffj payrnent5 areiewally made onlir* tythe Treasurer ￿ belwlf(rft￿ O¥rrtyaThl S1￿￿quentIY 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 the￿31 tyt￿ thii ￿ behalfLrfthe 0￿rItya￿d reIMt￿rSed bythe tharlty. There were at￿r tra￿artkfftStelWeefft thrlty and related partle5dwh¥ par and theTrusiees rece1* r￿fee0r 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 membersxmknorfs r•pon My examlnatlon was c•rrled(rtrt in a¢c(*datKe ¥¥fthth¢ eew•l th"r¢¢tKfflsgw¢ntythe 0￿r￿¥ Comml&*kn. An examination I￿)￿3 review Lltht accountirq recwds kept ￿the Charlty a cornpari5cn (Ift￿ FinarKlal Statements presented with thw recf*d5. It a￿1￿l￿des£￿￿thratNW1 ofartyurntsual rtemsor Oxlff*wes in the Fsnamal Statements and 5eekirq eWon4titknfr¢m asTwaees¢(rterrdry anywthmatter& Tre P￿*d￿¢S￿*dtrt*k¢n dt>rnt woblde all the ewdeKe that WC￿ld rerwiredin an a￿1[t aTrJCcWwnt￿￿C¢¥rIoni51l￿n asto whethtr the FThMal Statements yesent a true andlairf wew and the reFKYt islimited tothcse matters set in the next statement. Independent Examtnrfs statement Inccnnertltffjwtth my tx¥mln*k)n, rKJ matter hIS￿￿tt¢My•tt¢ntj￿. 111 whkh8l%ts me ￿e4￿￿￿e cause to th* IA •w rn¥tttthl re*￿ the retylrementsto keep K¢cwntl r￿ordS to kyepare FlnarKSal 5taternentswhkh xcordwlth the r•wrd5arxIc(￿￿￿ W￿ht￿ iccwntln8 rewl¥em¢ntS Lrfthe 2011 Act hawè not been met.. or 12lto wNch, In rnycfth￿ attertl(m shr•Ad be thawnln to•r4b￿a uTh1trtand￿ financLIl *atements tote reached. -D•te M•kokn Hlmsworth