Worminghall United Charity Charity No: 220553 Trustees, Annual Report & Statement of Financial Activity forthe period1 January 2025 to 31 December 2025 Trustees Warren Fowls David McBain Robert Chadbone Grace Blackwell Laura Merry Sophie Bradshaw Julia Dillon August 2026 Worminghall United Charities Trustees, Annual Report & Statement of Financial Activity forthe period 1 January 2025 to 31 December 2025 Contents Introdudlon..- Charltable Oblects...-..... Overview (Executlve Summary)........ . . Actlvltle5 & Achlevernents... Outputs & Outcome5............................. The Roles & Contdbutlons of Vollmteers..... Looklng Ahead..... Flnanclal Revlew.... Flnanclal Posltksn... Pollcy on Reserves........................... Prfnclpal Sources of FLmdlng......... .. Investments Pollcy & Oblectlves................................ . ............. Descrlptk)n of the Princlpal Risks Faclngthe Charlty... ................................ RemuneratSon of Trustees............................. Statutory Statements on Llabllltle5...........................-.................................. Independent Examlnerfs Report on Account5 attached........................................... Reference and Admlnlstrdtlcn Detall&..............-.....-.-..-..-...-..--......-..... Charity Name & Registratton.... Charltys Ftylnclpal Address........................................... ............................... Names oftheTrusteesWho Manage the Charlty....................,.................... Names of fv4Jvtsors & Senlor Membersofstaff ............................................ Bank.. Independent Examlr*r................... stNcture, Governance & ManageTnent........-..........-....-.-.....-............ Type of Governing Document... Charitable Objects (See sertion 1.1).......................... ... Statutory Dedaratlon....... Trustee Selectkjn metho￿...........................-. ........ Trustee Development.................. .. 44 5A Nume of Chorfty." T￿Stee$.Ann￿ol ￿POrt & finantlulStateme4ryts Puge3of7 Trustees Annual Report & Statement of Financial Activity for the period 1 January 2025 to 31 December 2025 Introduction 1.1 Charitable Objects In accordance wlth the founder5. legacy the purpose of the tharities is the management of the Amshouses property and land In Womiknghall In order to provlde safe and approprlate accommodatlon for a selected number of suitable needy local Residents. 1.2 Overview (Executive Summary) The charlties manage a bulldlng construtted In 1675, re-structured In 1965 provldlng six separate residence5. In Ilne wlth Amshouse prartlce, residents pay a malntenance contrtbution rather than rent. The Trustees re5pon5ibillty1s to ensure Ihe long-temi viabillty of the facNItyi SSJLh that the objects can contlnue to be rnet. 2. Actlvltles & Achievements 2.1 Outputs & Outcomes The Ajmshouses have been fully occupied through 2025, and slgnificant refurblshment works have taken place, re-bulldlng a boundary wall ènd provldlng new electrlc heatlng In all houses. Ouring the year, a fund¥aising garden party was held to mark the 350 anniversary of the almshouses. 2.2 The Roles & Contributions of Volunteers All roles in the Charitie5- Trustees and Treasurer- are staffed by unpaid vokjnteers, 2.3 Looking Ahead The trustees do not envlsage any materlal change to the routine operatbn of the charitles, nor are there mapr capitsl projerts planned. Nume of thurfty.. frnsteès'Annual Rewrt& finoncyulstotements Puge4of7 Financial Review 3.1 Financial Position Whllst outgolngs exceeded Income, thls was down to periodic malor refurbishments, was planned ané In line with budget. (￿￿ent prolectlons are for a net surplus of Income over expenses tor the next five years. 3.2 Policy on Reserves The charltles have a Reserves Policy which allows foran Lxtraordlnary Repairs Fund as well as Capltal Reserve8 only accessll)le wlth the pemlsslon of the Charities Comml551on. The Trustees are conf￿ent these are SLrfFicient for foreseeable eNtntualitles. 3.3 Principal Sources of Funding Incorne Is derfved from the resldent's maintenance contrtbutKJns arml occastonal fund-ralslng events. 3.4 Investments Policy & Objectives The tharltles have funds on deposlt as well as Invested In Tecognised charity sector funds. 3.5 Description of the Principal Risks Facing the Charity The Trustees perfodlcally revlew Risks, currently do not Identlfy any signlflcant15sues and have recently (arried out a re. I report in respect of my examination of the Trust's accounts carried OLrt under section 145 of the 2011 Act and in carying out my examination. I have follow8d the applicable Directions grven by the Charity Commission und8r section 145{5)(b) of the Act. I have completed my examination. I confim that no material matters have come to my attention (other than that disclosed below ") in connection with the examination which gives me Cause to believe that in, any material resped". accounting records V￿re not kept in a￿ordance with section 130 of the Act or the a¢wunts do not ￿cOrd with the accounting records Independgnt oxamin•r's statement I have no con¢ems and have come a¢ross no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Please delete the words in the brackets if they do not apply. Slgned: Dats: Name: Relevant professional qualification(s) or body (rf any): Address: tha P I IER October 2018 Section B Disclosure Only complete if the examiner needs to highlight matters of Gon￿rn (s8e CC32, Independent examination of charity accounts.. directions and guidance for examiners). Glv• here bri￿ dotsils of any items that th examinor wishes to disclose. IER October 2018 XP 4ls WORMINGHALLUNITED CHARMES YeaFEvJ*5 1ryopoy•yI REPWtlorWPC INCOMEAND EXPENDIIURE Yearend toXDo¢25 Oe£24 To31 Det23 RECEIPTS WeBklyMalNleThanGE COntrR)Utkn￿ tsntsl É 2&297.72 48BJ5 19.257ts5 41 TDtalr•¢¥fPts IA¥Yllousel P 2a.w 78&07 £ 22A78.92 174&49 19.271.C6 3211.44 J*sthntssnkhi¥Fu9d{d*ap￿k￿$) D15¥uR5EMEf￿si1￿IHtsI￿IIAIknykn) OpEr￿1￿£ExpefftsÉs Waier¥ates Insur￿¢¢ Subsciipiths Mmstrou5eA550ra MICS 1vL￿e￿e AOmln&oiherkncllEiaic05ts Mainlenance he•tkn&oi ToWE¥pwse5 1 1167M• £ 142th97 S Q,279. £ 11.084 IletsrbishmeThtWor*s TolalRthr￿5￿￿bIwDrks £ ￿682￿tr rotaIDb5￿MPllts1fVMltt￿rthlrfwKthJM t 15,6a £ jL￿.n £ M767.1• TrAWÉRSIityDthtFWJCa¢co¥ntsi TolalTr&ksre £ iw. ￿￿.lKI IIEfMOVEMENriiiq￿Jin1ry#KWttitvm1 E J.219.00 9.5￿n TraJiAgPosltloTr ￿e￿nUtS Owratln£Expenses Relu¥bistirneDiwor OpEratiw&yAu51DEIicit £ 23.904K t ￿675.¢ 2 23,78&J7 4 1420&97 * i?.f￿1 £ 22A7 -E 12279.07 -È 2,627.60 £ 7m2S £ 19271.06 11.(W.80 .È 116B2.30 Anmallmerest lThcrAnefromFu￿JS £ 1,75%70 $ 22f4XI8 1.78494 AMw4knGwn*foiCCoNMl&si•ni•iiimllndlrrt¢resll 25.54L77 E 24,7AIO E 21.011. 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