DAME ALICE LEIGWS ALMSHOUSES (Ch#rity No. 215675) AccouNrs FOR THE YEAR ENDED 31 DECEMBER 2024 TC Group N¢Lwtt House 2 Hilton Temee Ltamington Spa WnYi¢knhAre EnglDd CV32 4LY
DAME ALICE IIGH's ALMSHOUSLS (Charity 215675) INDEX TO AccouNrs FOR THE YEAR ENDED 31 DECEMBER 2024 Pa8es Legal and Administrative InfOrnlOA 2-7 Trustees. Rcwrt 8.9 Indendent Examiner's Rep io Statement of Financial Activities Balance Sheet 12-17 Noles to the Accounts
DAME ALICE LEIGH'S ALMSHOUSES (Charity 215675) LEGAL AND ADMINISlliATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2024 Status: Dame Alice Ixigh's Ahnshouses is a Registe1 Charty (number 215675). Approved and Esl•blithd by Order of the Charity ComD)ission¢rs For En814nd and Wths- Seald 22 De¢emtr 1954. Trnsteej." Rew P Bistran {Fx-0ffl0) Mrs S Crofts (Rwesenlative & Chair) Mrs V J Brooks (Cw¢ative) (r¢5. 8 Oct 2024) Rev G Gatward (Ex-officio) M A Smith (cl0ptIve} Q M Compton-Bithop {C0&atiVe) (app. 9 July 2024) Miss S Hunter (C(Noptstive) (app. 9 April 2024) R HanX (RepresliVe) (w. 9 April 2024) Mrs M Brown (Ciwtstiv¢) (4pp. 29 Oct 2024 res. 29 Apr 2025) Honorary Plroa: Lord L*igh Clerk: Mrs B Davis 2 Heyville Croft Kenilworth Warwickshire CV8 2SR Prineip•l AdviJerJ: Accountants: TC Group Nelson House 2 Hamilton Terrac¢ txaminglon S War4¥ickshire CV32 4LY BaDken: 1181120 Colmore Row Birniingham B3 3BA Sollelton: Alster5 Kelley HaMIlrt House 20-26 Hamtlton T¢rra L£amin8lon Spa Warwickshire CV32 4LY
DAME ALICE LEIGH'S ALMSHOUSES (Charity No. 215675) FOR THE YEAR ENDED 31 DECEMBER 2024 Deserlpdon of the Charity's Trults The Dan Aiicc l£i8h's AInhoUSe5. in the village of SthDeleigb in Warwickshire was originally established by deed poll on l March 1579 by the will of Sir Thomas Leigh and his wife Dame Alic£ 'for the dwelling and habitation of five w)or men and women from the oldest and most ith of the parish of Stoneleigh,. There are slill ten Tesidences in the original 16 century building l>ui the qualifications for occupancy have been amended. The Charity's governing document now requires that almspeople be poor persons of a good character. Originally administered by two wardens of the parish Church, the charity is now under the care of eight voluntCCT Tnle¢S and a Clerk. The current governing docurnent is a scheme of the Charity Commissioners of 22 Dccember 1954 and a Confinnation A¢t of 28 Match 1956 as amended by schemes of I l January 1972 ¥nd 2 December 1977. The scheme was also amcnded on the 4 June 2024 to add the rolc of honorary patron. and to increasc the number of ¢o-OPtative iTUStees from thr¢c to four. OrynisAtlon Strneture The eight TntteS consist of:. a) Two EX-01CLO TruttS: Two local vicars b) Two Represenlative Tntees. Apwinied by the Parish Council for a kn of four years. c) Four Co-optstive TnLStees (Pcrs)ns r¢siding in the Alent Parish of Stoneleigh or in the County of Warwickshire) ApFM)inted by a resolution of the Truses for a terni of five years. Th¢T¢ is no defined internal training scheme for Tntstees. While the Clerk the Tnle£S maintai$ the financial records and deals with secretarial matters on a day to day b&sis, the Tnwees mttt quarterly to consider rM)licies for maintenance and repair of the Almshouses, the welfare of th¢ occupants and the monitoring of income and exrKnditUTe. None of the Trustees hold any interest in the PDJperty of the Charity neither do they receive any remuneration or eXe8.
DAME ALICE LEIGH'S ALMSHOUSES (Charity No. 215675) ANNUAL REPORT . CoDtinued FOR THE YEAR ENDED 31 DECEMBER 2024 Charity*y Objects and Appliution of Income The ongoing provision. m&intenance and repAiT of the Dam¢ Alic¢ Leigh's Almshous¢ for poor persons of good character. The Trustees shall meet the cost of repaiTS and ail as8]ted thinistralio management and nmning costs from yearly irOrne. The Tntee$ may establish a cyclical repair for the PUTPOSC of providing for those items of ordinary maintenance and repairs that recur at infiwuent intervals. The Trustees shall establish and maintsin an ¢xtraordinary reserrfe repair fund to b¢ used for the extraordinary repair, improvement and rebuilding of the Almshouses longin8 to th¢ ChaTity. Any residual yearly income shall k used for the benefit of the Almspcople as the Tntee5 shall Ihink fil and any other surplus in¢om¢ for thc relief in need of persons resident in the ar¢a of the Ancient Patish of Stoneleigh How our aetlvltiu deliver public The Charity carries out a r8n8¢ of athiviUc5 in pursuance of its ¢haritahlc aims. The 'rrustces considcr that the artivities SUMMSed below. Provide benelit io th¢ inhabitants of Stoneleigh and neighbouring arc&8. ActivitieJ durin8 th¢ year During 2024 the Charity continued to provide accommodaiion for r&sidents in the ancient parish olsioneleigh and whilst nine of the Almshouse properties remained fully occupied Ihroughoui ihe year. we had one vacanl propcrty during 2024. No 4 Almshow w&% vaLanl from 9, Sepicmbcr 2024 and is slill curr¢nily vacani due to ongoing work at the property. Including a new kttchen in early 2025, window repairs and water ingress damage into the fireplace from the chimney. ApplicatiODS have been received for the empty propety and appIlLts short listed for int¢rview, which took place on 27th May 2025. With a view to the new occupant tsking up residency during the next few weeks.
DAME ALICE LEIGH'S ALMSHOUSES (Charity 215675) ANNUAL REPORT- ColltiDued FOR THE YEAR Ei¥DED 31 DECEMBER 2024 Trstee$ have continued with day-trHlay Tcpairs as well Ls remedial and modernisalion work the Almshouscs. Brad Steele. a Master Sionemason. (x)nductcd the annual repairs to the stonework on the Almshow outbuildings. This included repairs and rew)inling to the brickwork and guttering of the outbuilding black woodwoTK along with the removal of foliage and m055 from amund both the outbuildings and main Almshouse. In addition. several of the internal porches required repainting in the aTW adjacent to the main front doors. Brad also conducted remedial work at No4. ¢aus¢d by water ingr¢ss down the chimncy, due to the chimney cap coming off. resulting in the feplace rA)ver needing replacing and a new air vcnt fitted io help with ventilalion. The bedmom Dormer wndows at No4 and No5 alyj needed repair and assislance was sought from Robert Paddock at The Art of Glass, who SlalIStS in the restoration and repairs of leaded windows. and he carried out the repairs both for us, along with Richard Ripp)n from Elitc Windows, who repaired the woodcn window frame ai No4. The ongoing issues with damp are ixin8 c105cly rnonitored and have IgelY been brou8ht undercontrol, however, it is now thou io N)ssibly be risin8 damp from under the hearts or water retention from the outsidc, via the sandstones aniyor mortar which is causing the waler ingress to several of the proF¢rtie5. This is being kept under consthnt surveillance by the Clerk and further investl8ation is to be8in in the New Year. Due lo the age and condition of some whitr go(Mts at the Almhouse. two new cook¢rs w¢rc purchased for No4 and Nolo, and new wdshing maLhines for No4 and No5. Urgent electrical n)aint¢nancc vrns conducted as and when require<L along with the annual PATtesting of all residents. and charity owned ¢lectricaJ appliances. In addilion, three PIR lights were r¢placed on the outbuildin8. The five-year fixed wiring condition inspection took place in January 2025. Garden maintenancc has included regular lawn mowing, hedge trimming and the pnIng of the apple ttecs and bush4 in addition to moss and weed spraying. Plumbing tnaint¢nance repairs were COndted &8 and when requireiL including repairs to taps. plug4 waste pl and a toilet Edl valve.
DAME ALICE LEIGH'S ALMSHOUSES (Chxrity 215675) ANNUAL REPORT- Conthiued FOR THE YEAR ENDED 31 DECEMBER 2024 The Almshouse Trust has continued its siipp)rt of local charitic5 with donations bein8 made to the following clJ8rities at the beginning of the new year. January 2024 to: The Shakespeare Hospice Myton Hospices Feed the Hungry UK Canrxr Research UK The Trust also made charitable donations lo support Deedy people living in the Ancient Parish of Stoncleigb through th¢ Coventy Children's Boot. The Coventry Children's Boot Fund started in J 893 with the object of providing boots to children in wverty so thai they could attend school. The fund has served Coventy's OreSt children through two world wars, the depression of the 30's and the ups and downs of thc 2 century. Even today, many children attend school wearing worn out leaking shoes in winter. because their parents &qnnot afford to repla them, which makes you realis¢ that the Boot Fund is as relevant today as it was over a hundred years ago. The Coventry Children's Boot Fund received a total of £6,(MX) in donations from the charity in 2024.
DAMK ALICE LEIGH'S ALMSHOUSES (Charity No. 215675) ANNUAL REPORT- Continued FOR THE YEAR ENDED 31 DECEMBER 2024 Rmource Co$ls Resource costs as follows: 2024 2023 HousiDg Managemenl Costs Repair5 & Maintenancc Service Costs Governance Costs Donations 10.483 15.176 25.569 880 14,650 11,545 24273 22249 800 11.500 TOTAL £6&7S8 £70J67 RIY ind ReJerve• The Trustees hold sufficient rescrves to enable the charity io provide sufficient income to cover th¢ necessary costs of thc upkeep on the prowiics held. lThe Tn5 examine the rnajor risks that the Charity faces each fuwicial year when preparing and UFMlating the slTategic plan. The Charity has devcloped systems to monitor and control these risks to miligale any impact that they may havc on the Charity in thc future. Market Value of Fixed Ajsets In the opinion of the Trusice5. the mthet value of th¢ land and buildings is in excess of the amount Show but these a&8ets are used in the AIms1u5¢S busincss. St*lement of Tnlee, RespoDJxbilitie Thc Tntee5 are re$9n51ble for preparing the Trust$. Annual Report and the financial statements in accordanc¢ with applicable law 8nd United Kingdom Accounting Standanls (United Kingdom Generally Accepted Accounting Practice).
DAME ALICE LEIGEfs ALMSHOUSFS (Charity No. 215675) ANNUAL REPORT . Continued FOR THE YEAR ENDED 31 DECEMBER 2024 The law applicable to charities in England a1 Wales requires the Truslrt8 lo prepare financial slaternents for each financial year which 8ive a true and fair view of the 51ate of affairs of the Charity and of the incoming resources and application of resources of the charity for that period. In preparmg these financial 5tatrments, the Tntee5 are requircd to.. select suitsble accounting policies and then apply them n8]stendY. observe the tneth(Mls and principles in the Charities SORP; make judgements and estimatrs that ate r¢asonable and pndent; state whether applicable )untIng sthnd<ts have been followed, subject to 8ny material departur disclosed and explained in the financial slatements" prepare the financial $tements on th¢ going con¢¢rn basis unl¢$s it is inappropriate to presume tha the Charity will continue in operation. The Tr(Ce5 are Tesponsible for keeping proper accounting records that disclose with reasonable accurdcy at any time the financial position of the Charily and enable them to cnsure that the financial ststemeDts comply with the Charitics Act 2011, the Charity (Accounts and Rem) Regulalions 2(Ki8 and the provisio of the '[n tked. They are also respM)n5ibLe for safeguarding thc &gsets of the Charity and hence for tsking rcasonable steps for the prevention and detrction of fraud and other iTregul8rilies. F2< S Crofts Chair Ib 5 August 2025
DAME ALICE LEIGH'S ALMSHOUSES (Charity 215675) INDEPENDE EXAMINER'S REPORT Of4 THE ACCOUNTS TO THE TRUSTEES OF THE DAME ALICE LEIGH'S ALMSHOUSES FOR THE YEAR ENDED 31 DECEMBER 2024 I reFK)rt on the accounts of the Charity for the ycar ended 31 Deccmlxr 2024 which are set out on pages I to 17. Rcjpective Re8ponsibilibes of Trusteu Examiner The Charity's TTr are rcspjnsible for the preparation of the 8c¢ounts. Charity's Tnre¢S consider that an audit is nol required for this year (under section 144(2) of the Charities Act 2011) and that an independent examination is needed. It is my resp)nsibilily to. exami the accounts under $tion 145 of the 2011 ACL" follow the procedures laid do in the genernl Directions given by the Charity Commission under section 145(5Xb) of the 2011 Act. and st¢ wheth¢r parti¢ular matters havc come to our attention. Bulg of IDd¢p¢Dd¢nl mInerI Statement My examination was carried oul in accordance with genernl Directions 8ivcn by thc Charity Commission. An examination includes a review of the a¢unting records kept by thc Charity and a comparison of the a¢¢ouots presented with those re¢ords. It also includes consideration of any unusual i*ms or disclosures in the accounty and Seeking explanations from the Trustees con¢cmin8 any such matters. The procedures undertaken do nol provide all the evidence that would be required in an audil and consequently no opinion is given to whether the accounts pres¢nt a tr and fair view, al the rew)rt is limited to those olleTs s¢1 out in the ststemertt below.
DAME ALICE LEIGH'S ALMSHOUSFS (Cb•rity No. 215675) INDEPENDEr EXAMINER'S REPORT ON THE ACCOUNTS TO THE TRUSTEES OF THE DthIE ALICE LEIGH'S ALMSHOUSES FOR THE YEAR ENDED 31 DECEMBER 2024 IDdependeDI Euminer's Statemenl In conneciion with my examination, no matter has come to my attention: (l) which gives u5 reasonable causc to believe that I any material respccL the r¢quirements: to keep accounting records in prtordance with section 130 of the 2011 Act; and to prepare accounts which accord with the accounting recoTds and comply with the accounting rtyuirements of the 2011 Act have not beeo met; or (2) lo which, in my opinion. attention Should Ix drawn in order to cnable a proper understandmg of the accounts to be reached. John Aln Dvlt8 5th AUgl 2025 On behAlf of TC Group N¢l$on House 2 Hamilton T¢rr*¢e Leamington Spa Wanvickshire CV314LY
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DAME ALICE LEIGH'S ALMSHOUSES (Charity No. 215675) NOTES TO THE ACcour$ FOR THE YEAR ENDED 31 DECEMBER 2024 Basis of PrepartioD The nature of the ¢harity's otrtrntions and principfil activitie5 ate shown on paBes 2 to 7. The charity constitutes a public I¢fil ¢nlity &$ defined by FRS 102. The financial statements have been prepared in accordance with Accounting and RertIng by Charities: Ststemenl of Recommended Prnctice applicable to clwities prepartng their 0ts in ac¢ord3nc¢ with the Financial RctK)rtin8 Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 (L8 ulated through UFxlate Bulletin I published on 2 February 2016). the Financial Rep)rtin8 Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and UK Generally Arx¢pted Practice as it applies from l January 2015. The charity has applied Upjate Bulletin l as published on 2 February 2016 and does not include a cash flow ststement on the grounds that it is applying FRS 102 Section IA. The financial statements have becn prepared to give a 'In and fair, view and have departed from the Charities (Accounts and Rewrts) Regulations 2008 only lo the extent required to provide a 'lrue and fair view.. This departure has involved following the Accountin8 and RejIng by Charities: Statement of Reconunended Practice applicable to clwities preparing ihcir accounts in accordance with the Flnancial Rerling Sthndard applicable in the UK and Republic of Ireland (FRS 102) i&8ued on 16 July 2014 rather than the Accounting and R¢wrtin8 by Charitics: Slatetnent of Recommended Practice effective from l April 21K)5 which has since been withdrawn The finan¢ial slaternents are prepared on a going concern b&8is undcr the historical cost Conventio modificd to include certain items ai fair value. The financial statem¢nts are presented in srling which is the functional currency of the charity. The significant accounting policies applied in the preparalion of these financial slatements are set out I]0w. These policies have becn consistently applied to all years presented unless otherwise sts*d. 12
DAME ALICE LEIGH'S ALMSHOUSES (Chxrity 215675) NOTES TO THE Accouwfs continued FOR THE YEAR ENDED 31 DECEMBER 2024 Aeeounting Polities Ineoming Rejoure Recognition ofkncoming R¢sourtts These arc included in the Siatement of Fitwicial Activities (SOFA) when: the Charity iKcomes entitled to the resources; the TrUeeS are VimllY certain they will receive thc resour$. and the monetary value w bc measured with Su7¢IcnI rcliability 2.2 Granls and DonatiODS Grants and Donations are only inclwkd in the SOFA when the Charity has unconditional cntitlemcnl to the Te$ou. Volunteer Help The value of any voluntsry help received is not included in the accounts but is described in the Truslees, annual [Crt. Investment Incomc This is included in the accounts wbcn receivable. Investmcnt Gains and Losses This includes any gain or loss on the sale of investmcnts and any gain or loss resulting from revuln8 investments to m8rk¢t value at the end of the year. Expenditure nd Liabilltl¢J Liability Recognition Liabilities are reco8nised s(M)n as there is a legal or constructive obligation ¢onllnittsng the Charity lo pay out resourtts. Setvice Costs Includes costs of th¢ prcparatsoD and examination of statutory accounts. the costs of Tn meetings ar the costs of any legal advice ts) Trustees on 80vernance OT constitutional matrs. Grants Payable These are only recognised in the a¢wunts when a ¢ommilment h&8 made and there ate no conditions to be me¢ relating to the grant which remain in the control of the Charity. 13
DAME AIJCE LEIGH'S ALMSHOUSES (Ch•rity 215675) NOTES TO TIIE ACCOUNTS CODtlnued FOR THE YEAR ENDED 31 DECEMBER 2024 Assets Tangible Fixed Assets for use by ChaTity These are capithlised if they can for more than two years. and cost at le&8t £51K). Thcy are valued at cost or, if gifted, at the value to the Charity on receipt. 2.10 Investments Investhients quoted on a recognised sknck exchange are valued at market value at the year end. Other investment awts are included ai TTUSt¢es' st estimate of mark¢t va]ue. Intemt Reeeivable and Other Income 2024 2023 Bank inteTest re1Vable Surplus Ordinary Activill 2024 2023 This is stated after chargin8: Independent Examincrs. remuneration for reporting on the accounts 800 Staff Costs The clerk w&8 remuneraied (including acCnd amounts) £11,584 (2023 - £10.322) during thc year. Grants made to Injlitslions During the year donations wtr¢ made to I( charities £14,650 (2023 - £11.5(yJ). 14
DAME ALICE LEIGH'S ALMSHOUS (Charity 215675) NOTLS TO THE ACCOUNTS conlinued FOR THE YEAR EY4DED 31 DECEMBER 2024 Fixtd AJs¢ts- Hou4e L*nd and Buildings Cost At l January and 31 December 2024 Less: HouAin8 AsuKi•tion Grant At l January and 31 December 2024 Less: Otber Subsidieg At l January and 31 Decembcr 2024 Nel Book Value At 31 Dttember 2024 At 31 December 2023 The Almsho h&$ 10 units in managemem (2023 . 10 units) The Social Housing Grant becomes repayable on the sale of properties unlcss prior approval is obtsined from The Housing COrratIO Debto 2024 2023 Accrued I)rne (due within one year) 3.822 3,640 2024 2023 Invejlment Canyin8 market value at bcginDiDg of year 1.803.176 1,696.784 Additions Disposals Add net gains on revalujtion 144.597 105,392 Is
DAME ALICE LEIGH'S ALMSHOUSES (Chxrity No. 215675) NOTES TO THE AccouNfs continued FOR THE YEAR ENDED 31 DECEMBER 2024 Anllyxis of iDVUtments 2024 2023 Nationgl AtatIOn of Almshouses Common Investrnent Funds: 16.096 accumulation shares (2023 . 16.088) Shares are Val market value. The slwes are all redeemable wilhin one Due to lack of infonnation it Is impr8ciica] to establish thc original cost of the investmcnts in thc National Association of AlThshow8¢s Common Investment Funds. The Almshouses have no Tent arrears (2023 . Nil). io. Creditora and Amounts f•ll due wiib one year 2024 2023 Accruals ii. FuDd• UnreJtri¢ted Fundi For the provision of Almshouses for )0r per50tLS of good ¢haracter and for th¢ rclief in need of FKrsons resident in the area of the ancicni parish of Stoneleigh. Also for the gcn¢ral day to day upkeep and repairs of the Almshouses. Restricted Funds EitrordinAry R¢pirs: For the extraordinary repair. improvemcnt and rebuilding the AlMShoS. Non-Extrnordinary Repairs: For the repaiTS of the Almsbouse5 where unrestTiCted funds are insufficient. 16
DAME ALICE LEIGH'S AIMSHOUSES (Charity 215675) NIYTES TO THE ACCOUNTS eontinued FOR THE YEAR ENDED 31 DECEMBER 2024 12. Retyi Surp1 Fund The Charity h&s rnade calculations in accmd8nce with the Ren( Surplus Fund D¢tenniration 1989 and eslablislKd that at 31 December 2024 no liability 13. Tax•tion The almshouses having been register&l unthr charitable njles, Iwve no liability to CO0[110]I Tax. 14. Ulthnate Controlling Party The Charity's ultima controlling Fryrty is the Boftrd of Trustees. 15. Trnte Expenjtj #nd Remun¢rtio 17