CHARITY REGISTRATION NUMBER: 214759 Ambleside Welfare Charity Unaudited Financial Statements 31 December 2024
Ambleside Welfare Charity Financial Statements Year ended 31 December 2024 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activities Statement of financial position Statement of cash flows Notes to the financial statements The following pages do not form part of the financial statements Detailed statement of financial activities 14 Notes to the detailed statement of financial activities 15
Ambleside Welfare Charity Trustees. Annual Report Year ended 31 December 2024 The trustees present their port and Ihe unaudited financial statements ot the charity for the year ended 31 December 2024. Reference and administrative detsils Reglstered charlty name Ambleside WelFare Charity Charlty reglstratlon number 214759 Prlncipal offlce 36 Hill Top View Bowburn Durham DH6 5BU The iruslees Mrs L Dixon Mr Nicholas Martin Mr Christopher Shepherd Mr Rector Rev Andrew Smith Vernon Rigg Mrs Fiona Woodburn Brian Elleray Mrs F Sparrow Mr Philip Thompson (Resigned 27 August 2024> {Appointed 27 August 2024) (Resigned 30 November 2024) {Resigned 20 May 2024} (Appointed 25 November 2024) Independent examlner Gillian Teltord FMAAT Verve Accountancy Ltd 39 Northgate White Lund Morecatnbe Lancashire LA3 3PA Structure, govemance and management The charity is controlled by its governing document. a deed of trust and constilutes an unincorporated charity. Oblectlves and activitles The object of the Charity is 'to relieve either generally or individually persons resident in the arèa of benefit who are in conditions of need, hardship or distress., This shall be achieved "by making grants of money or providing or paying for items, services or tacilities calculated to reduce the need, hardship or disiress of such persons., The area of benefit is the Ambleside ward. The Trustees have considered the guidance published by the Charities Commission in relation to public benefit and confirm Ihat they adhere lo this guidance. The Trustees are of the ormnion that the objectives and activities of Ihe charity ensure that it assists beneficiaries in the Ambleside area.
Ambleside Welfare Charity Trustees. Annual Report (conNnu8dJ Year ended 31 December 2024 Achievements and pertormance The Trustees on behalf of the Charity continue to discharge their responsibilities to help the resklents of the old Ambleside Parish Ward to alleviate sickness, hardship and the consequences of death on families. As we have corne out of Covid the Trustees have been able to physically meet to discharge their responsibilities. Confidentiality remains the key to the yrk of the Charity as many peopte do not wish their affars to be publicty known. The work of the Charity is much appreciated within the local area. Some remedial work continued on the Market Hall including repairs to a major leak emanating from the Doi Intanon restaurant into the toilet block and basement. Doi Intanon paid £2079 towards Ihe Andrew Brownell bill for this work. The Clerk io Ihe Charity continues to work from home and attend Ambleside for meetings and occasional propety issues that cannot be dealt with from distance. The Trustees are seeking a local person to lake over the role but have been unsuccessful to date. The travel Gosts ot the Clerk from Durham to Ambleside1200 miles) to attend the Quarterly meetings of the Charity with the odd requirement on occasion to deal with property issues as they arise have been agreed by the Truslees at the Inland Revenue rate of 45p per mile. The Trustees agreed to increase the annual Honorarium by £500 in 2024 to £3000 as no increase had taken pla In the past ten years. The Trustees agreed to a physical revaluation of the Market Hall and Cxd Courthouse Gallery the cost of which was £1032. The end resutt is a substantial increase in Ihe Buildings cover to reflect modern rebuilding costs and an increase in the premium charge by NFU which is slill very compelitive compared 10 the previous InSurare Broker Lycetts. ancial review The amount of contributions distributed in support of the needy, as required by the charity's objectives, has increased by £7,800 from last year to a total of £25,000. The total funds held by the charity have increased by £23,340 in the year. The trustees, annual report was approved on . Iruslees by: L.qI.4.LzD.Z.4.... and signed on behalf of the board of fyJ G.v4ts- Mr Nicholas Martin Trustee
Ambleside Welfare Charity Independent Examiner's Report to tho Trustees of Ambleside Welfare Charity Year ended 31 December 2024 I report to the trustees on my examination of Ihe financial statements of Ambleside WeEfare Charity I'the chariW} for the year ended 31 December 2024. Responsibilttles and bas18 of report As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the CharFties Act 20111'the Act,). I report in respect of my examination of the charivs financial statements carried out under seclion 145 of the 2011 Acl 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 ACL Independont examiner's slalement I have completed my examlnation. I conlirm that no material matters have come to my attention in connection wTrth the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the charity as required by section 130 of the the financial statements do not accord with those records. or the financial statements do not compty with the applicable requirements concerning the form and contenl of accounts set out in the Charities (Accounts and Reports) R8gulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Independent Examiner Verve Accountancy Ltd 39 Northgate White Lund Morecambe Lancashire LA3 3PA
Ambleside Weltare Charity Statement of Flnanclal Activities Year ended 31 December 2024 2024 Unrestricted funds Total funds Total funds 2023 Nole Income and endowments Donations and legacies Investment income Other income 11,850 50,531 2,079 64,460 11,850 50,531 2,079 8.550 51,869 Total income 64,460 60.419 Expenditure Expenditure on charitable activities Total expendlture 7,8 41,116 41,116 41,116 41,116 33.590 33,590 Net income and net movement In funds 23.344 23,344 26.829 Reconciliation of funds Total funds brought fomard Total funds rrIed forward 1,052,257 1,075,601 1,052,257 1,075,601 1,025.428 1.052.257 The stalement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pagas 7 to 12 form part ol Ihose financial 8talements.
Ambleside Welfare Charity Statement ot Flnanclal Posltion 31 December 2024 2024 2023 Note Flxed assets Tangible fixed assets 10 6,908,163 959,917 CuThent assets Debtors Cash at bank and in hand 12 7A90 103,178 110,768 5,731 87,749 93,480 Credltors: amounts falling due wllhln one year Net current assets 13 1,140 1,140 92,340 109,628 7.017.791 7,017,791 Total a&8ets less current Ilabllltles 1.052.257 1,052.257 Net assets Funds of the charlty Unrestricted funds: Revaluation reserve Other unrestricted income furKJs 6,832,804 184,987 7,017,791 890,614 161,643 Total unrestrlcted lund8 1,052.257 Total charity funds 14 7,017,791 1,052,257 Th 8 financial statements were approved by the board of trustees an(J authorised for issue on ..i41.s.w.X.S and are signed on behalf ot the board by.- Mr Nicholas Martin Trustee The nol8s on pages 7 10 12 form part ol Ihese financial statements.
Ambleside Welfare Charity Statement ot Cash Flows Year ended 31 December 2024 2024 2023 Cash flows Irom operating aclivities Net income 23,344 26,829 Adjustments for.. Dividends, interest and rents from investments Other interest receivable and similar income Interest payable and similar charges Accrued expenses (48,420) (2,111) 3,000 (51,119) (750) 2,500 1,140 Ghanges in.. Trade and other debiors (1,859) (26,046) (5,731) (27,131) Cash generated from operalions Interest paid Interest received (3,000) 2,111 {26,935) (2,500) 750 Net cash used in operating activities {28.8811 Cash flows from investing aclivitles Dividends, interest and rents from investments Purchase of tangible assets Net cash from investing activities 48,420 (6,056) 42,364 51,119 51,119 Net increase in cash and cash equlvalents Cash and cash equlvalenls at beglnnlng ot year Cash and cash equlvalenls at end of year 15,429 87,749 103,178 22,238 22,238 The noies on pages 7 to 12 torni part ot these flnancial stataments.
Ambleside Welfare Charity Notes to the Flnancial Statements Year ended 31 December 2024 General information The charrty is a public benefit entity and a registered charty in England and Wales and is unincorporated. The address of the principal offtce is 36 Hill Top View, Bowburn, Durham. DH6 5BU. Statement ol compliance These financial statements have been prepared in compliance with FRS 102, The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, th6 Slatemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (Charities SORP (FRS 102)) and the Charities Acl 2011. Accounting policies Basls of preparatlon The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain tinancial assets and liabilities and investment properties measured at fair value through income or oxpenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern There are no material uncertainties about the charitys ability to continue. Fund accounllng Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unreslricted funds earfflarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or Ihrough the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowmenl funds.
Ambleside Welfare Charity Notes to the Financial Statements (con11mdI Year ended 31 December 2024 Accounting policios (Gontinued) Incomlng resources All incoming resources are included in the statement of financial activities when entitlement has passed io the charty. it is probable that the economic benefFts asscciated wilh the transaction will flow to the charity and the amounl can be reliably measured. The following specrfic policies are applied to particular categories of income: income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated gocrfjs is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and servtces are recognised in the accounts when received if the value can be r81iably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is ¢lassilied as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liabilty is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: expenditure on raising funds includes the ¢OSis of all fundraising activities, events, non- Charitab trading activities, and the sale of donated goods. expenditure on charilable activilies includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneliciaries. including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure thal is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are aprtIoned between the activities they contribuie to on a reasonable, justifiable and consistent basis. Tanglble assets Tangible assets are initially recorded al cost, and subsequenlly stated at cost less any accumulated depreciation and impairment losses. Any tangible ass8ts carried at revalued amounts ar8 recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Ambleside Welfare Charity Notes to the Financial Statements (continwd) Year ended 31 December 2024 Accounting polici89 (¢onh-nuadJ Tanglble assets (contlnued) An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recD3nised as expenditure within the statement of financial activities. A decrease in the carryrng amount of an asset as a resuEI of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain. in which case the loss is shown within other recognised gains and losses on the statement of linancial activrties. Impalmènt of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingty. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the ¢ash- generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goothill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergles ot Ihe combination, irrespective of whether other assets or liabilitip.s of the charity are assigned to those units. Rnanclal instruments A financial asset or a financial liability is recognised only when th8 charity becomes a party to the contractual provisions of the Instrument. Basic financlal Instruments are initially recognlsed at the amount recelvable or payable Induding any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in Income and expenditure. All other such investments are subsequently measured al cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business lerms or financed at a rate of interest that is not a market rate. in which case the asset is measured al the present value of the future paymenls discounted at a market rate ol interest lor a similar debt instrument. Other financial instruments a subsequently measured at fair value, with any changes recognised in the statement of financial acltvilies, with the exception of hedging instruments in a designated hedging relationship.
Ambleside Welfare Charity Notes to the Financial Statements (contInd? Year ended 31 Dec8mber 2024 & Accounting policies fcontlnued) Flnanclal Instruments fcontlnued) Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairmenl, an mpaimient loss is recognised under the appropriate heading in the statement of tinancial activities in which the initial gain was recognised. For all equity inslruments regardless of significance, and other financial assets Ihat are individually significant. these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credil risk characteristics. Any reversals of impairment are recognised immedlately. to the extent that the reversal does not result in a carrying amount of the financial asset that exceed5 what the carrying amount would have been had the impairment not previously been recognised. Donatlons and legacles Unrestricted Total Funds Unrestricied Total Funds Funds 2024 Funds 2023 Donatlons Donations 11,850 11,850 8,550 8,550 Investment Income Unrestricted Total Funds Unr8Stricted Total Funds Funds 2024 Funds 2023 Rents received Other fixed asset invest - Fll Deposit account interest 48,350 70 2.111 48,350 70 2.111 50,531 51,050 69 750 51,050 69 750 50,531 51,869 51.869 Other income Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Other income 2,079 2,079 Expendlture on charllable acliviti03 by fund typo Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Support costs 41,116 41,116 33,590 33,590 10
Ambleside Welfare Charity Notes to the Financial Statements (contlnued) Year ended 31 December 2024 Expenditure on charitable activilies by activlly iype Total funds 2024 Total fund 2023 Support costs Governance costs 41,116 41,116 33,590 Trustee remuneratlon and expenses There were no trLJStees' remuneration or Oiher benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. There were no trustees. expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023. 10. TanglbFo flxed assets Freehold Improvement property to property Total Co At 1 January 2024 Additsons Revaluations 890,160 69.757 6,056 959.917 6,056 5,942,190 6,908,163 5,942,190 6,832.350 Al 31 December 2024 75,813 Depreclation At 1 January 2024 and 31 December 2024 Carrying amount At 31 Dec8mb8r 2024 6,832,350 75,813 69,757 6,908,163 959,917 At 31 December 2023 890,160 11. Revaluation of freehold property During the year properties revalued by £ 5,942,190 as per insurance valuatlon. Closing value of properties are £ 6,832,350. 12. Debtors 2024 2023 Prepayments and accrued income 7,590 5,731 13. Credllors: amounts falling due wlthln one year 2024 2023 Accruals and deferred income 1,140 1,140
Ambleside Welfare Charity Not8S to the Financial Statements (¢onllnuedl Year ended 31 December 2024 14. Analysi8 Ot charitable funds Unrestrlcted funds At 1 January 202 At 31 December 2024 Income Expenditure Transfers General funds Revaluation reserve 161,643 890,614 64.460 (41.116) 184.987 5,942.190 6,832.804 (41,116) 5.942,190 7,017,791 1.052,257 64,460 Al 1 January 202 At 31 December 2023 Income Expenditure Translers General funds Revaluation reserve 134,814 890,614 60,419 (33,590) 161.643 890,614 1 ,025,428 60,419 (33,590) 1,052,257 15. Analysis of changes In net debt At At 1 Jan 2024 Cash flows 31 Dec 2024 Cash at bank and in hand 87,749 15,429 103,178 12
Ambleside Welfare Charity Management Information Year ended 31 December 2024 The following page8 do not lomi part of the flnanclal staiements. 13
Ambleside Welfare Charity Detailed Statement of Financial Actlvllles Year ended 31 December 2024 2024 2023 Income and endowments Donatlons and legacles Donations 11,850 8,550 Investment Income Rents received Other lixed asset invesi - Fll Deposit account interest 48,350 70 2,111 50,531 51,050 69 750 51,869 Other Income Other income 2,079 Total income 64,460 60,419 Expenditure Expenditure on charitable activities Utilities Insurance Travel Accountancy and legal fees Clerf( honorarium Administrative expenses Wellare donations 769 9,901 629 1.493 3,000 324 25,000 41.116 552 9,396 887 1.140 2,500 1,915 17,200 33.590 Total expenditure 41,116 33,590 Net Income 23,344 26,829 14
Ambleside Welfare Charity Notes to the Detailed Slatement of Flnanclal Actlvities Year ended 31 December 2024 2024 2023 Expendlture on charltable actlvllles Governance Cosis Utilities Insurance Travel Accountancy and legal fees cle honorarium Administrative expenses Welfare donalions 769 9,901 629 1,493 3,000 324 25,000 41,116 552 9,396 887 1,140 2,500 1,915 17,200 33,590 Expenditure on charitable actlvltles 41,116 33,590 15