MRS GELL'S ALMSHOUSES- ICKENHAM
REGISTERED CHARITY NO. 213205
j.
TRusfEES REPORT AND FINANCIAL sfATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024

MRS GELL'S ALMSHOUSES- ICKENHAM
TRUSTEES REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
INDEX
Page
Legal & Adminlstrative information
Report of the Trustees
Report of the Independent Examiner
Statement of Financial Activities
Balance Sheet
Notes to the Financial Ststements
8-14

MRS GELL'S ALMSHOUSES- ICKENHAM
LEGAL AND ADMINISTRATIVE INFORMATION
TRUSTEES EX-OFFICIO
Revd C Britton
Mrs L Varley
Mr G Edwards
Mr K Arnold
MrELee
Mrs R Hodgson
Rector (from 1617124)
Churchwarden
Churchwarden
Trustee
Trustee
Trustee
} St. Giles Ickenham
CHARITABLE STATUS
Mrs Gell's Almshouses is a charity ￿gIstered wlth the Charities Commlsslon In
England, charity number 213205. It was established In 1857 under the will of
the late Charlotte Gell of Ickenham, for the benefit of elderly alms people being
church members.
CLERK TO THE CHARITY
Miss B Baxter
TREASURER
MrELee
INDEPENDENT EXAMINER
Mrs F Chandramohan FCA
PRINCIPAL ADDRESS
St.Glles Rectory, 38 Swakeleys Road, Ickenham, Middlesex
PRINCIPAL BANKERS
Barclays Bank plc

MRS GELL'S ALMSHOUSES- ICKENHAM
TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees present their report and the flnancial statements for the year
ended 31 December 2024.
PRINCIPAL ACTIVITY
The Charity's principal activlty during the year continued to be the
administration and management of the Almshouses at 22A-26D Swakeleys
Road, Ickenham. Middlesex, UBIO 88G. The Trustees are satisfied that the work
of the Charity is in accordance with its objectives and provides tsngible
benefits to the occupants of the Almshouses.
REVIEW OF AcfiviTIES
The refurbishment of the Summer House In the gardens of the Almshouses was
undertaken and completed, at a cost of £21,600. This was funded partly by
previous donations, with the balance covered from General funds.
Routine upkeep and maintenance of the flats was continued throughout the
year.
FINANCIAL REVIEW AND RESERVES POLICY
Regular payments toward malntenance, heating and Ilghting from the
resldents, together with dividends from investments, amounted to an Income
of £32,116 for the year.
The major areas of expenditu￿ were on maintenance of the property and
gardens, energy costs and depreciation of fixed assets. being the capitalised
C05t of major refurbishments to kitchens, bathrooms and windows and the
summer house refurbishment. Together with other running costs, totsl
expenditure In the year was £29,268.
However, the funds invested with M&G Investments yielded a gain of £31,817
which led to an overall surplus for the year of £34,665.
The Trustees have set aside, as designated funds, a sum of £78,000 for
extraordinary repairs and £40,000 for cyclical repairs, reserves which they
believe are adequate for these ￿quirements.

MRS GELL'S ALMSHOUSES- ICKENHAM
TRusfEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
(contlnued)
RISK MANAGEMENT
The trustees review the risks which the Charity faces on a regular basis and
confirm that steps are then tsken to mitigate any significant risks.
TRUSTEES RESPONSIBILITIES IN RELATION TO THE FINANCIAL sfATEMENTS
The Trustees have reviewed the Almshouse's financial posltion including
projected income and expenditure In the coming year, the level of cash and
reserves together with the system of financial management. As a result of thls
review, the Trustees are of the oplnion that the Almshouse's Charity is well
placed to manage Its operational and financial risks successfully. The Trustees
have a reasonable expectation that the Almshouses have adequate resources
to contlnue in operational existence for the foreseeable future and therefore
cont5nue to adopt the going concern basis of accounting In preparing annual
accounts.

MRS GELL'S ALMSHOUSES- ICKENHAM
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
MRS GELLS ALMSHOUSES FOR THE YEAR ENDED 31 DECEMBER 2024
I report to the trustees on my examination of the accounts of the charity for
the year ended 31 December 2024 which are set out on pages 6 to 14.
Responslbllliles and basis of report
As the charity's trustee5, you are responsible for the preparation of the
accounts in accordance with the requirements of the Charities Act 2011.
I report in respect of my examination of the charity's accounts carried out
under section 145 of the Charities Act 2011 and in carrying out my examination
I have followed all the applicable directions given by the Charity Commission
under section 145(5)(b) of the Chariiies Act 2011.
Independent Examlners Statement
I have completed my examination and confirm that no material matters have
come to my attentlon in connection wlth the examlnationi givlng me cause to
belleve that in any material respect:
l. Accounting records were not kept in respect of the charity a5 required by
section 130 of the Act; or
2. The accounts do not accord with those records: or
3. The accounts do not comply with the applicable requirements
concerning the form and content of accounts set out in the Charlttes
(Accounts and Reports) Regulations 2008 other than any requlrement
that the accounts give a 'true and fair view, which Is not a matter
considered as part of an independent examlnation.
I have no concerns and have come across no other matters in connection with
the examinallon to which attention should be drawn in this report to enable a
proper understanding of the accounts to be reached.
3 64__
Mrs. F Chandramohan FCA
Date:
8 2u'25

MRS GELL'S ALMSHOUSES- ICKENHAM
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED
31 DECEMBER 2024
Income and Endowments from:
2024
Tota5
Funds
2023
Total
Funds
General
Fund
Designated
Funds
Restrirted
Funds
Note
DOna￿onS
Charitable Actlvlties
Investments
loo
27,392
541
31,548
568
31,548
568
Total Income
32,116
32,116
28,033
Expendlture on:
Charltable Acttvlties
Other Ex
enditure
16,185
10,923
2,160
29,268
31,958
25
Total Ex
endlture
16,185
10.923
2,160
29.268
31,983
Net Income/(Expendlturel
before transfers
15,931
(10,923)
12,160)
2,848
3.950)
Transfers between Funds
Gross Transfers-in
Gross Transfer5-OUt
3,400
123,5841
5,109
18,475
13,400}
26,984
126,984
4,647
14,647)
Other recognlsed
Balnsllosses
Gain/loss on investment
assets
31,817
31,817
23,240
Fund net movement
27,564
15,814)
12,915
34,665
19.290
Funds brought forward
Funds carried forward
298,385
325.949
182,273
176,459
6,525
19,440
487,183
521,848
467,893
487.183

MRS GELL'S ALMSHOUSES- ICKENHAM
BALANCE SHEET AT 31 DECEMBER 2024
2024
Total
Fund5
2023
Total
Funds
General
Fund
Designated
Funds
Restritted
Funds
Note
Flxed Assets
Tangible Assets
58,459
19,440
77,899
64,273
Current Assets
Debtors
Deposit5
Investments
Cash at Bank / In hand
1,160
1,160
664
711
402,638
io
297,538
111,917
409,455
28,701
6,083
34,784
19,797
Current Uabllltles
Creditors . amounts
falling due In one year
li
11,450
(1,450}
(900
Net current assets
Total Net Assets
325,949
325.949
118.000
176,459
443,949
521,848
422,910
487,183
12
19.440
Re
resented b .
Unrestritted Funds
Restricted Funds
13
14
325,949
176,459
502,408
19,440
480,658
6,525
19,440
Fund Totals
325.949
176.459
19,440
521.848
487,183
Approved by the Trustees on:
and slgned on thelr behalf by:
B.Baxter (Clerk)
LVarley{Trustee)
E.Lee(Treasurer)

MRS GELL'S ALMSHOUSES- ICKENHAM
Notes to the Financial Statements year ended 31 December 2024
l. Basls of preparation
These financial ststements have been prepared under the hlstorical cost
convention, recognising items at transaction or cost value. The exception
to this is that investments are valued at the current market value
prevailing at the balance sheet date.
The financial statements have been prepared in accordance with the
Statement of Recommended Practlce: Accounting and Reportlng by
Charities preparing their accounts In accordance with the Flnancial
Reporting Standard applicable In the UK and Republic of Ireland {FRS102)
Issued on 16 July 2014 and with the Charities Act 2011.
The charlty has taken advantage of the provisions In the SORP for
charities applylng FRS102 not to prepare a Statement of Cash Flows.
The trustees have considered the level of funds held, together with the
expected levels of income and expenditure in the 12 months following
the date of these financlal statements. They also believe that there are
no material uncertainties and therefore these financial statements are
p￿pared on a going concern basis.
2. Accounting pollcies-lncome
The charities prlncipal income derives from Maintenan￿ and heating
contributions receivable in respect of housing accommodation
comprising eight bed-sit dwellings and one flat occupied by the trustees,
representative,
Income is included in these financial statements when the charity
becomes entitled to it, it is more likelythan not that It will be received
and a reliable value can be attributed to it.
Grants and donations are only included when the above criteria are met.

MRS GELL'S ALMSHOUSES- ICKENHAM
Notes to the Ftnancial Statements year ended 31 December 2024
(continued)
3. Expenditure and liabilities
Resources expended are recognised within the period to which they
relate.
Liabilities are recognised where it15 more likely than not that there is a
legal or constructive obligation commltting the charlty to pay out
resources and the amount of the obligation can be measured with
reasonable certainty.
4. Taxatlon
Mrs Gell's Almshouses Is a registered charity and is therefore exempt
from taxation on its Income and capital gains.
S. Analysls of Income
2024
Total
Funds
2023
Total
Funds
General
Fund
Designated
Funds
RestrScted
Funds
Donations received
Charitable activities:
Maintenance
contributions
Heating
contributions
loo
20,976
20,976
21,046
10,572
31,548
10,572
31.548
6,346
27,392
Investments:
Dividend Income
Investment income
545
23
568
32,116
545
23
568
32,116
511
30
541
28.033
Total Incorne

MRS GELL'S ALMSHOUSES- ICKENHAM
Notes to the Flnanclal Statements year ended 31 De￿rnber 2024
(continued)
6. Analysls of Expendlture
2024
Total
Funds
2023
Total
Funds
General
Fund
Designated
Funds
Restritted
Funds
Charltable actlvltles:
alrs & Malntenance
Garden maintenance
Gas
Electrlclt
Water
Council Tax
Insurance
HelplSne
& Postage
Cleaning
Subscrl tlonslDonations
Bookkee
In
servi￿5
Software fee5
reciation charges
Miscellaneous
2,117
1,875
7,752
290
5,109
7,226
1,875
7,752
290
7,611
2,997
4,942
1,886
1,231
1,739
1,739
1,607
121
41
570
196
1,320
165
9,293
221
Statione
450
343
740
180
450
343
740
180
7,974
15
De
5,814
2,160
15
Other Ex
endlture:
Bank charges
Interest payable
25
Totsl Expenditure:
16,185
10,923
2.160
29,268
31,983
io

MRS GELL'S AUVISHOUSES- ICKENHAM
Notes to the Financial Ststements year ended 3IDe￿Mber 2024
(contlnued)
7. Tangible fixed assets
Houslng
Property-
hlstorlcal
cost
Housing
Property-
Improvements
Summer
House
renovation
Total
Cost:
At l January 2024
Additions
Disposals
At 31 December 2024
17,760
58,141
75,901
21,600
21,600
17,760
58,141
21,600
97,501
Depreclatlon:
At l January 2024
Charge for the year
At 31 December 2024
11,628
5,814
17,442
11,628
7,974
19,602
2,160
2,160
Net book value:
At l January 2024
At 31 December 2024
46,513
40.699
64,273
77,899
17.760
19,440
Mrs Gell's Almshouses were constructed 1857 and since there is no record of
the original cost, no value Is attributed thereto. Improvements carried out in
1982, which amounted to £ 150,281, were mostly financed by a Houslng
Association Grant. The remaining balance of £ 17,760, met by the Almshouse5,
was capitalised. As the properties are maintained in a state of repair such that
their residual value is not less than this historic cost, no annual depreciation
charge is made.
Major refurbishments to the kitchens and bathrooms, costing £ 58,141
between 2021 and 2023, and the refurbishment of the summer house costing
£21,600 in 2024, have been capitalised. These assets are being depreciated on
a straight-line basis over 10 years.
li

MRS GELL'S ALMSHOUSES- ICKENHAM
Notss to the Financlal Statements year ended 31 December 2024
(continued)
8. Debtors
2024
2023
Prepald Insurance premiums
Prepaid Almshouses Association Fees
807
353
1,160
664
664
9. Deposlts
2024
2023
CCLA Deposit account
711
711
10. Investments
2024
2023
M&G Charity Multi Asset Fund
409,455
409,455
402,638
402,638
11. Credltors
2024
2023
Accrued gas costs
Accrued electricity costs
Accrued water charges
Accrued bookkeeping fees
800
290
120
240
1,450
900
900

MRS GELL'S ALMSHOUSES- ICKENHAM
Notes to the Financial Statements year ended 31 De￿rnber 2024
(continued)
12. Analysls of Net Assets between funds
Unrestricted
funds
Restrlcted funds
Totsl 2024
Flxed Assets
Current Asset5
Current Uabilities
58,459
445.399
(1,450)
19.440
77,899
445,399
(1,450)
502A08
19,440
S21￿48
13. ANALYSIS OF UNRESTRICTED FUNDS
General
Fund
Lwlral
Repalrs &
Malntsnan¢e
Fund
Extraordlnary
Repalrs
Fund
Investment
In Property
Fund
Total
unrestrlcted
funds
Balances at
l January
2024
Incomlng
resources
Outgoing
resources
298,385
40,000
78,000
64,273
480,658
63,933
63.933
(16,185)
(1,250)
{3,859}
(5,814)
(27,108}
Transfeys
Inl(outl
Balances at
31
December
2024
325.949
78.01)0
58,459
502,408
The Cyclical Repairs & Maintenance Fund 15 set aside for perlodic repairs to the propertie5
and the E*(raordinary Repairs Fund is set aside for non-routine and more rnajor repalrs. The
Imiestment in Property Fund holds the value of capitslised assets.
{20,184}
1,250
3,859
(15,075)
13

MRS GELL'S ALMSHOUSES- ICKENHAM
Notes to the Flnanclal Statements year ended 31 December 2024
(continued)
14. ANALYSIS OF RESTRICTED FUNDS
Cottage Summer
House Fund
Total Restrlcted Funds
Balance at l January
2024
Incomlng resources
Outgoing resources
Transfers in/(out)
Balance at 31
December 2024
6,525
6.525
(2,160)
15,075
(2,160)
15,075
19,440
19,440
The Cottage Summer House Fund comprises the net book value of the
refurblshment of the summer house In the property gardens in 2024.
15. COMMITMENTS
At the balance sheet date there were no contingent Ilabilities or other financial
commitments contracted for.12023: NIL).
Although not contrdcted for, the trustees have provislonally approved roof
repairs and guttering work, estimated at £2,300, tO8ether with external
painting estimated at £9,00012023: £3700)
16. OFFICERSAND SENIOR EXECUTIVE EMOWMENTS
The Trustees are defined as the officers and senior executives. No
remuneration or expenses were paid to the Trustees (2023: NIL)
14