NORTHCHAPEL PETWORTH AND TILLINGTON ALMSHOUSES CHARITY (Registered ChArity Number 212320) UNAUDfTED FINANCIAL STATEMENIS FOR THE YEAR ENDED 30TH SEPTEMBER 2024 NORTHCHAPEL PETWORTH AND TILLINGTON ALMSHOUSES CHARITY CONTENTS PAGE IndependeDt Exsmincra, RerAxt B￿￿ce ShtttA$ 4t 30th S¢￿￿b¢¢1014 Notc5 lots ACC￿ 8- 13 NORTHCHAPEL PETWORTH AND TILLINCTON ALMSHOUSFS CHARITY REFERENCE AND ADMNlSfRATIVE DETAIIS Charity regitratiffl numkr. 212320 Principa] addrtss: W¢5t Susscx GU28 ODU SoliGiiors'. Farrer & Co 66 Lincoln's Inn Fieb tAJndon WC2A 3LH Independent Examin¢r Mrj A Bwnett ACA Martin and Compathy 25 St Thomas Stre Winchester Hampshire S023 9HJ N*[(￿￿] WesthiiAster Bank plc 5 E&rf Street Chiche5t¢r West Su55CX P019 IHH Managing Agents: Savills West Sussex GU28 ODU Page 2 NORTHCHAPEL PEIWORTH AND TILLINGTON AiMSHOUSFS CHARITY TRUSTEES. REPORT FOR THE YEAR ENDEDJiYfH SEFfEMBER 21)24 The TNstee$ present iheir rqMTrrt and finan¢iai sthtwrntsof Nortkhard Petsworth 8t￿ filling1￿ Almsh￿$¢$ Charity for the y ended 31hh S¢oember 2024. Legal and administ￿1Ve information set out on the infowrn¥tion ￿ge forn￿ part of this reEM)rL The financial 5tstcfflen¢S have iwi prepared in accordance with the attowjting rxTrlicies5Ct out in the T￿l0 the ￿O￿ltsand comply with the Charity'5 TTU5t Deed. the Charities A¢12011 and AccouniiThgar￿ Rewrting by Charities: Statemeni of Recommended PTXtic¢ applicable io rhaTities pwaring their accounts in a¢¢ordan¢e with the FhnarKial R￿￿>rtIng StaTwJard appli(able in the UK and Republic of Ireland published in O¢tober2019. Con$tststloD G•wtrniDKDocDmtDt The Charity, Regi9￿10n No. 212320. L5 alwknownas Thomps(AJ's Hospital.and from the Thompson's Hospital Almshouse bukldings in North stre￿ Petwoth Sussex. The governing document isacharity Commission Stheme dated 17th sept￿ 1979, &4amended by a stheme d*eAJ I lth March 21)05. Org*nis*¢ion, T￿￿ttt8 The of th¢ charity at 30th Scptemixr 2024, all of wTrKJm Wd office througknthe y¢w (¢xe¢pt where rndicatedjwere.. The Lord Egremoni Canon M Gilbert The Reverend Dr D Crook Mrs N C Baker Mr5 J E Dun¢ton Mrs S Baring-johnstone Mr A W Brooke Mr P A Jerrome MBE (Rctiwj 2310W2024) Mr A C Howard The Scheme nota that the 10 trusttts should ci)mpris¢of lour ex-officio memb¢r4 lthd Egremoni atKI the rector5 from the three pa¥ishes OfNorthcha￿I. Pdworth and TilIingts￿.thrCc nornin*ive tsiwees (c￿ from eth parish), aT￿ th]Ye ¢wptsiivetTU5Lee5. The nominativetru5tcts serye a wm of fourytaT5 and the CO￿p￿1¥¢Inl*esServt for five year* be Tr¢lectyl. The itijstees appoint new memttrs in line with Trust De￿ •)d tske the 5ki115 Tcquirrd on the Board when avacancy arises. The tru5ttts have app)tnted Savill$to manage theday th day runntngofthc dwity. The ¥a>unts are maintained at Lord EgremoTht's Estste Office in Petworth. The full bodrd of t]w*es meets Thvice ayear. All new truaees are fully briefed on howthe organisation operat¢5 to ensurethatthey Unde￿ theirobligations&s a truste Pagc 3 NORTHCHAPEL PETWORTH AND TILLINCTOIY ALMSHOUSLSCHARITY TRUSTE&S' REPORT FOR THE YEAR ENDED30TH SEFfEMBER2024 Obje¢tlves Ind Ae¢Svitlts The Thompson's H05Pital Alm5hcwJse Charity was enth)wedon 23rd (Xxot*r 1624 to provide for the pery*tyal relief of ￿e7ve aged poorpeople of the parish of Pdworth. The endowment inclu(kd laTLd at PuliM)rough and invc5twents. On 17th Septernber 1979, the ¢hariiy w&s amalgamated with two othercharitiesand tXL¥ne &$ theNorthcharKI Petworth and fillington Almshouse5 Chari¢y. The Thompson's H¢w*itsi AlmshoLLse building now cor￿1￿$ of seven self contained flaL The charity holds its r*rniarient end0¥￿iertt tund and applie5 the iTKome therefrom and from other sourcesto ihe managemeni, aintenan¢e, repair, tmprovemeni or rebuildin8 of the Thompson'5 Hospithi Alms1MM￿¢ subjectto mecling these cost otherwise applies the income forth¢ benefit of the resithnts in the Almsho￿. Publit Benefit The ¢rusiee$confirnE they have complied with the duty in sedion 17{51 of the 2011 Charities A¢t io have due ￿gard io guidance published by the Charity Commission. During the yt4r the charity pmvided benefJ¢ to the geneTai public by providing reduced co accommodation for aged poorpeTSOllS from the parishes of Northchwl. fillingwn. Pelworth. Financial Review The charity made a sury)lus of £19,578 (before revaluation of invulmentsand bcfort tsansfers to werv¢sl Compar￿ with a ￿jrp[YS of £28.696 in the previousyear. This is after in¢urring LOta] matnienartt costs and cyclicaj repaI￿or£I3.9￿ COTnpared wth £4,516 in 2023. Profits on Tevzluation of investTtLentswue £l3,44112023- £7.089) rt5ulting in a surplu5 for the year of £33,019 Compared wilh a $wplusof £35.785 in 2023. The net a&8ets at 3(hh Sep¢¢mb¢r2024 amounted to £749.967 compwcd with £716,948 at 3¢￿ Sept￿￿*r2O23. Reserves Policy The ¢hariiy aims io maintain an adequate cash reserye for day ￿ day runnin8LX)sLs irKludingroutine rnainten8n¢e and repairs. artd to atLumulate funds forthe firture Tepairand maintenance of the ￿1]ding. Ri5k5 R¢vi¢w The major risks to which ihe ¢harity is exw)se4 &s identtfied by the Trust￿ have be￿ miew¢d systems e5tsbli5hedto miiigaie those risks. luv¢stment Po]ky The investments are invested in Black Rock Chariti¢5 UK Equity FLmd and M&G Charities Multi A&set Fund ijcome and accutnulaiiort shaw to obtain a balanced Teturn. The charity also owns ￿me p&sture land which w&s ¢t￿owed to it rE)avy years ago. Page 4 NORTHCHAPEL PETWORTH AND TILLINGTON ALMSHOUSES CHARITY TRUSTEES. REPORT FOR THE YEAR EIYDEDJyfH SEPTEMBER 2024 Trnsttts Respon5ibili¢ies iti r¢J*lioth t• th¢ Flwoew Ststenemts The trustees aTt responsible forpreparingtheTnw¢ts' Annud RerM)rtand the fiDMKiai ststemcrts in XCoTda￿c with applicable law and United Ktn8dom Standards {United Kingth)m CKntrnlty A¢cepted Actouniing Pw4i¢e). Th¢ law applicable to charities in England & IrqUir￿ the trusteesto finarKial sw¢m¢nLS for e¥h financial ye4r which give a true and fair view ofthe 5tatc of affaits of the charity atyj of the incoming r¢wrr¢s and appliL*ion olresource5 olthecharity for that period. In prewing these fina￿la] st*emenL% the tru5ttts are required to: . seleci suitsble a¢¢ounting policies and then apply them consi&cntiy. - observe the methods and prin¢iplts in Charities SORTr. . make judgements and eMim8t¢s that are rea%onthe and . state wh&her applicable a¢wMwng ￿nd￿[th have been followtyl thie¢tto any mawial d¢parwr¢sdisclosed and explained in the rirtancial sthtements. - prepare the financial statern￿ts on 8 gOing¢0￿¢M bws wiless li is inatfjjnwateto pIr￿me thatthc ch￿ty wtll continue in operation. The trusteesare re5ponsiblc for kceping pw accounitng which discloscwÉth re&(Y￿k a(x7wgcy * any time the fitlancial rM)51tion of the charity and enable them io ensurethatthe fitwjcithl sthtemertts Comply with the ClwitiesAth 2011. the Charitie5 {Accounts and Report5) Regul￿10￿$ and theprovisions of the trust deed. They are also r¢5pon5ible for safeguaJdingth¢ &ss¢ts of the charity and hence fortskin8 reawnable steps for the prcvtntionand detrrtiot) of fraud ￿ other irre8ularitie5. Signed OD behoif of the Tn￿.. Lord Egremont- Chairn)an Page 5 NORTHCHAPEL PETWORTH AND TILLINGTON ALMSHOUSLSCHARITY REPORT OF THE INDEPENDENf EXAMINER TO THE TRusfEFS FOR THE YEAR ENDED 30TH SEPTEMBER 2024 I report io the charity trusteeson my examination of the xcountsofthe charity fOrt1￿y¢¥r ended 3(yh septern￿r 2024 which are set oui on pages 6 10 13. RespoD5ibilitie5 basis of report As the charity's tnjsteesyou are resimjnsible forthe pretANion of the aCt￿nts in ￿cOrd￿ with the requirements of the Chariii¢s Act 2011 I'the A¢t'l. I rep)rt in rewt of my examitWtwÈ ofthe charity'$ xcounts carriul undersection 145 ofthe Act and in canyin8 Out my exarnination I have followed all the applicable Drwe¢tionsgiven by the Charity Commission under ￿lon 145(5Xb) of the A¢L Ind¢p¢nd¢*¢tx*mln¢r'$ $l*t¢mwt I have completed my examination. I confinn material rnatter5 have come to my aitention in connection with the examination giving me cause ttTr believe that in aThy material resr*ct: l. accounting rrrords were not kept rn respttt of the charity as by stttton 130 of the Aa; or 2. the a¢counts do noi accord wtih those retords: or 3. the a¢¢ounts do not comply with the licable requiremenLSCOtKernin {A¢counis and Reports) Re ulations 21X) otherihan any requirement that matterconsidered &8 part o an ind￿nden( examinatiotL the fonn and contenl of accounts set out in the Charities e accountsgive a'true ar￿ fwr view, which 15 not a I have no ¢on¢erns artd have come across Tro othermatters in Con[￿￿1{￿ with the examination to whith att￿tIOn slM>uld be drnwn in this report irb orderto enable aproper un T5thnding ofthe x¢ounts to be Jame5 An U5 Bumett Martin an ompany 25 Si Thom&s Street Win¢hester Hatnpshire S023 9HJ CA Date: ' ¢1 20SS- NORTHCHAPEL PEIWORTH AND TILLINCTON AtMSHOUSLS CHARITY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31wfH SErrEMBER 21124 T•tsl Fu iNCOMEFRQM". Chawitsbleactiviiits 67.981 6267 67.981 IOJ71 69,093 8,074 4.104 TOTAL INCOME 74248 4.104 7&352 77.167 EXPENDITURE ON.. Ch￿)￿bIt12t1vl1lts 58.774 58,774 48.471 TOTAL EXPENDtruRE 58.774 5&774 48.471 NEf NCOME 15.474 4.1 l9J78 28.696 IIAwesyBaiosw iTh¥estsnents 13.441 7.OS9 NET MOVEM£NTfN FLNDS 21543 6J 3J.Ol9 35.785 RECONCILIAnoN OF FUNDS Fund b•lances b￿8ht fonv4rd 46&857 83.747 164J44 716.948 681.163 FUND BALANCES CARR]ED FORWARD 4￿.4{1) .146 169.4ZI 749.967 716.948 NORTHCHAPEL PETWORTH AI¥D TILUIYGfoN ALMSHOUSES CHARITY BALANCE SHEET AS AT 30TH SEFfEMBER 2024 FIXEDASSErs T￿￿ble fL¥¢d Frtehoki ptoperty Equipment 428J29 428529 9.050 432233 437.579 Inveslrnents i• 138.1 570.423 141.122 578,701 CURRENT ASSEtS tkbtors and prYyn￿S C85h ￿ i￿k 4.958 101329 l(kn.187 lll)n FietsL ¢fflY￿]n84.4l1 xtEs of• J￿] rt￿￿1 ty th¢ M•nyB ABtnts. SavilLs Chartered 12 DKBTOILS Rent T￿¢1¥4b￿ 2Y 4.704 4.958 25.418 26.652 13 CREDfTOKS: f*li•i4wt o•¢yur Tr&leeredit￿5 R¢Tht ￿1ved￿)Ill￿j in Othcrrtrditor5 JryJwu8Js 4,625 10267 ?J15 14 C0Tr474ECTED PEKSON TRANSAcfioNS t>Jnnsth¢y¢aT. tIKrlwity i￿Ur1ed ¢X￿￿11￿￿0f£1o.jlol2023-£s,(￿jS) in wofco5tsof *Jminthti by Letwr￿d Esrates. At Joth Serrtenkn2024 the (kw•J Q848 {2023. £3.4711 *) ￿ itcothf*ld Estates Uxd EBrewA)n¢ vust¢¢. isthtsok the E*•ts5. PaBe 13 NORTHCHAPEL PETIVORTH AND TILLINGTON AIMSHOUSLS CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED J)TH SEFfEMBER 2024 15 MOVEMENf IN Fill¥DS Nrt At 1.1•23 AtX924 Rtstri¢ttd 164J44 5.077 169.421 Unrestricted ]ncome fund aied fi] . Ex%raoTdinary fiokl . Cyelicaj mal￿ten￿￿e fw 46S.¥57 21.54J 49).4(N) 21.984 61,763 55L(4M 3,195 25.179 64,967 580.546 27.94Z Total fiDds 716.948 33.019 749,967 ewded im Rcstricttd fuDth Eth￿nent fund 5.OTI. 5.077.th) Ullrtytritfrd *Vl7.(K) 58.774. 21J43. . Extraordinary r¢p*ir 3.195.(A) 3204. 86,716. 3,195.IX) 3204. 27,942.IX) 58.774. Tol*l fv145 91.793.fK) 58.774.fKJ 33.0191NJ 16 ANALYStS OFPIET AS8m BEIWEEN FUNDS T*yiblE I￿<51•￿t bibilitits Kestrl¢ted Enthwmcntfund 75,074 )J47 169.421 otrt fund 357.159 70.577 4WJ.4fKJ 25.179 25,179 64,967 . Cy¢lKal mainteTrErK¢ 64.%7 Totsl fi•ds 432233 l38.lgj l35J44 749.967