Dowsett Almshouses Trust
Report and Accounts
Year Ended 31st March 2024

Dowsett Almshouses Trust
Contents
Year Ended 31st March 2024
Page
Infomalion sheet
Trustees report
Independent examinerfs Teport of the accounts
Slalement of financial activities
Balance sheet
Notes lo the accounts
10-13

Dowsett Almshouses Trust
Information Sheet
Year Ended 31st March 2024
Trustees
Cllr Kevin Robinson {Soulhend on Sea Mayor) - Resigned May 2023
Cllr Stephen Habemiel Isoulhend on Sea Mayor) - Resiqned May 2024
Mi P Andrews- SecrelarylTreasurer
Rev S Ejaz
Rev D Gates
Accountants
Devonports LAS Accounlanls Limited
Cumberland House
24-28 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ
Prlnclpal Address
Clo 160 Tankerville Drive
Leigh on Sea
E55ex SS9 3DD
Regl$lered charlty number
220610
Page 3

Dowsett Almshouses Trust
Trustees report
Charity Nufflber- 220610
Year Ended 31st March 2024
Statutory Infomiation
Registered Add￿sS
Clo 160 Tankerville Drive
Leigh on Sea
Essex SS9 3DD
Charity Registration Number
22C610
Trustees
Cllr Kevin Robinson Isouthend on Sea Mayorl- Resiglled May 2023
Cllr Stephen Haberrnel Isouthend on Sea Mayorl- Resigned May 2024
Mr P Andrews- Secrelaryfreasurer
Rev S Eiaz
Rev D Gates
Bankèrs
Barclays Bank
127 High Street
Southend on Sea
Essex
SS1 1JS
Annual Report for year ended 31 March 2024
The Trustees present their Annual R8POrt and Financial Statements ft)r year ending 31 March 2024.
Charitable Oblecl
Charity is governed by sn Approvèd Governing Documènt which states th81 the principal purpose of the charity is
to provide affordable housing lor the elderly and infirm in the City ol Soulhend. and to apply the income of the charity
foi the benefit of the residents in the Alrnshouses of the charity or any ol them in such manner as the Truslees ihink
ril, frotn time to time.
The Trust owns 8 Mmshouse properties, which il maintains. in Chelmsford Avenue, Southend on Sea, and 2
endowment property hou5e5, the income frorn whith support the work of the alm5-houses.
Organlsational Structure
The Trustees are appointed as ex-officio Trustees from the Free Church communrties within the Borough, or
seconded by Ihe Trustees accordingly, together with the Mayor ol Southend on Sea who serves as Chaim)an lor
hislher year of office.
Trustees meet several times a year, together with an annual AGM, al officers are appointed, and they are
resp￿sIble together ft)r the day to day running of the charity, and the financial and legal aspects.
Page 4

Objectives and Activiti•s
Charity produces an Annual Report each year which details the actwities undertaken in the c￿rrent year to show
the public benefit and the achievement of their aims and objectives.
In order tr) achieve the pThnripal objective. which is sel out above. the TTUSt endeavours to maintain the properties in a
frt stale ol repair. and make ne¢essary improvements as and when they are required. It also provides appropriate
insurance cover for Residents properties and contents. up lo a measured amount. and water and sewerage
connections.
A small malntenan¢e tharge is levied upon the Almshouse residents and revY8wed annually.
Achlevements and Perfomiance
Over this yearthe bungakjws and large garden Continued to be rnaintained in good order and were fvlly occupEd for
reporting period. One property had a new lenant but all others ￿Main￿d consislenl. Four of the eight residents are in
now in reTript of Housing Benefit. all of which are now paid directly to the Trusts account
During the course ol the year Southend City Council designated the Almshouses as a conservats'on area. This bMII
have some Impact on the external decoration and upkeep of the 8 charitable propertie5.
Maintenance and Security- Al of the bungalows were kept in a good state ol repair, and the Borough Council
continued to offer a call-oul Servi￿ for the residents, which was much appreciated. The snnual fee lor this Servi￿ is
£2100 lind VATI agreed by the Trustees and Counoil. The level of this fee is currentty under negotiats'on and may
rise, but is considered a hugely beneficial resource and service to the residents and tha Trust.
At the stsrt of 2024 a serious water leak was diseA)vered pertaining to propety number 8. This had led to excessive
water rateslbills. Repairs were not covered under insurance and made by the Water Board at the trusts expense.
However. the Water companies made adjustmènts and rèfund8d a larg8 percentage of tkE excessive billing, albeit
after the end of the finanaal year
In accordance wth the work that was approved al the previous years AGM. there wa5 SOtn8 work on èlectiical
services. fire security systems and general rnaintenance. As per norrnal. costs for these works were passed on after
the year end and shown on the accounts ancl a small surplus noted, which MAII be used on p18nned works in the
coming months.
Endowmgnt Properties . Rental income is regularly re￿1Ve￿ from both propert￿$ wlhout any proNem.
Trusteeship- The Trustees remain quorale according lo the Constitution of the Trust. The Trust remains fortunate lo
have the continued Truslee5hip of the Mayor of the City of Soulhend. The Trustees are still to review the Governing
Documents in the light of congregation81 changes in Southend tr> bring the ex-officio posrtions up to date.
SecretarylActing Treasurer. Trustees agreed to ask Mr Phil Andiews to aLt 85 Tre85urer I Secrel8ry lor Ihe year.
Page 5

Financial Review
The Trust conbnves to raise funds from the endowment property rental wth further income from the AlmshcMJses
rna1ntenan￿ tharges.
The most &gnificant expenses related to on*tsing maintenance and repairs provided by Southend on Sea Borough
Council. along with other property rnalnlenan￿ and repairs. Gardening has generally maintained ils cost with the
gardener providing soffle additional houis and other costs ar￿ services have mostly risen according to inflation. For
the reporting year, despite the maintenance proj.ects undertaken, oth&r exp&nses were generally in line wlh
expectations. and the Trusts budget which was set at the previous AGM. The Trust contsnues to have sufficient funds
to allow 12 months of continued expense in the event of no income and in view ol the "catching up. ol maintenance
expects the nexl year lo be an opportunity to build reserves again. Trustees are satisfied that sufficielll reserve5 are
still in hand. 11 Is expected that reserves should continue to rise over the coming year.
The financial results of the year are set out in aecompanyng financial ststernenls.
Financial Rlsk As8e$smen¢-
Fortunalety, the income ol the Trust is not affected by th6 threats pr&sÈnted by i$sues such as the Covid-19 51tu8tion
8S It Is rK)l aclivety engaged in fund-raising activities. The Trustees are sats'sfied that they have sufficient reserves al
the Balance Sheet date. together with antlClP8ted income. to enable the Trust to function effectively in the coming
year. The Trustees have made an assessment of the major risks facing th8 Tiusl. 8nd are 5alisfied that policies ale in
place io rninimise these risks. Health and safety assessments and property insurances are up to date. A valuation ol
the properties was last undertaken in 2022 and wll next be remewed In 2026.
The Trust is grateful lo Devonports LAS Accountants lor their help In examining this year's finan¢ial statsment.
P Andrews lon behalf ol the board)
Secretary
Date..
Page 6

Dowsett Almshouses Trust
Independent Examiner's Reportto the trustees of Dowsett Almshouses Trust
Charity Number: 220610
Year Ended 31st March 2024
Respective responslbllltles of trustees and examiner
The charills trustees are responsible foi the preparation of the accounts. The charty's trustees consider
that an audi( is not required for this year under section 144 of the Charities Act 2011 (rhe Charities Acll and
that an independent examination is needed. It is my responsibility to.-
examine the accounts under section 145 of the Charities Act.
to follow the procedures laid down in the general directions given by the Charity
Commission under section 145151 Ibl of the Charities Act, and
to slate whether particular matters have COMÉ n
Basi$ of independent examiner's statement
My examination was carried out in accordance with general diiections given by the Charity Commission. An
examination includes a review of the accounting records kept by the charity and a comparison of the
accounts presented with those records. 11 also includes eonsideralion of any unusual items or disclosures in
the accounts. and seeking explanations from the trustees concerning any such matters. The procedures
undertaken do not provide all the eviden￿ that would be required in an audit. and consequently no opinion 15
given as to whether the accounts present a Irue and fair. view and the report is limited lo those matters set
out in the ststemenl below.
Independent examlnerfs statement
In connection with my examination, no matter has come to my attention
which gives me reasonable cause to believe that in, any material respect, the
to keep accounting records in accordance with Section 130 of the Chari(ies Act.,
and
lo prepare accounts which accord with the accounting records and
comply with the accounts requirements of the Charities Act have
not been mel., or
to which. In my opinion, attention should be drawn in order lo enable
a proper understanding of the accounts lo be reached.
Mr l Hornsey FAIA FFA
Devonports LAS Accounlanls Limited
IncorpDraleil Financi81 Accountants
Cumberland House,
24-28 Baxter Avenue
Soulhend-on-sea
Essex
SS2 6HZ
Dale..
2-101125
Page 7

Dowsett Almshous8s Trusl
Statèment of Financial Activitiès
Charity Number: 220610
Year Ended 31st March 2024
R8stricted
Incomo
fLJnds
Unrestrlcted
funds
Endowm•nt Totsl th1$
funds
year
Totsl last year
Ineoming resources (Note 31
Income and endobyments Irom..
nAitoThsand kgaues
CharilSblE ath%itièS
21,498
18,200
39,696
37,802
Otnetiiading a¢￿￿￿leS
Inve51ments
84
84
io
Separaiern*rfa1 iteffl olhxome
other
Total
Resources expended (Note 61
Expendituro on..
21,580
18,200
39,780
37,812
ChaTria￿ athi%ilL8S
28,419
18.391
46,810
31,691
58paral@fflaana1 of•xpEnsè
Other
rotal
28.419
18.391
46.810
31.691
Net incornellexpenditurel before
investment g2inslllo$sesl
Netgan91llosse$i on Inw&bMeMS
6,839
191
7,030
6,121
Net Incomellexpenditurel
Extraordinary items
6.839
191
7,030
6,121
Transfers between funds
191
191
Othèr recognisèd gainslllossèsl..
Gwns and10ssès on ifjV*U￿10n oifixed a5$91s lryth
charilKsown usa
Olhergain*llo3sesl
Netmovement in funds
7,030
7,030
6,121
Raconciliation of funds..
rolal Tund3 [opN￿d
rotsl funds carried forward
1.394,740
1.387,710
640.0(X)
640.0(X)
2,034.740
2.027.710
2.028.619
2.034.740
P4e8

Dowsett Almshous•s Trust
Balance Sheet
Charlty Number.. 220610
Year Ended 31st March 2024
Restrictsd
Income
lunds
Unrestricted
fun(ts
Endowment Total thi8
funds
year
Total last
year
Fixed assets
Intangiblè assets
Tangible assets
Heritage assets
Investments
FOT
F02
F03
F04
F05
1.360,000
640,000
2,000,OOQ
2,000.000
Totsl fixedassets
1,360,000
640.000
2.000,000
2.000,000
Current assets
Stocks
Debtors
Investsnents
Cash at bank and in hand
rolal current assets
2.191
2,191
11,800
47.072
58,872
53,133
53,133
Creditors: arnounts falling due
within one year
25,423
25,423
24.133
Net current assetsl{Ilabilities)
27,710
27,710
34,739
Total assets loss eurfftnt liabilities
1,387.710
640.000
2,027,710
2,034,739
Creditors: amounts falling due after
one yèar
Provisions for liabilities
rotalnei assets orliabilitles
Funds of the Charity
Endowment funds
Restricted incomè funds
Unrestrictèd funds
Revaluation reserve
1,387,710
640,000
2,027,710
2,034.739
2,027,710
2.027,710
2.034,739
Total funds 8
2,027,710
2,027.710
2.034,739
Endowment funds
Totsl funds
2,027.710
Signed o
ehalf of the Trustees
Date..
Page 9

Dows¢ttAlm$htsus•s TTUgt
Note$ iothtr ac¢ouMts
Chgrity Numb¢r." 220610
Y•at End•d 31st 2024
Not• 1
Ba515 of preparatlon
ThE5? aEuuDIS have b¢¢n prepared under thehisi¢ft¢4 ¢051 ¢offl*nikn)¥Lith iwror9¢oDI￿ •1
toslortr4nsachon va￿￿U￿1￿￿0therths￿sl8L￿d M there1e￿nE notesto the ar￿￿1￿.The•XOu￿ls
h4voboqn prepared In4c¢OrdaA¢e Ylth.
the Slatemenl olieeommendÈd pf£¢ii¢e. A￿nts￿9
atttsunisin atctsrdance￿￿tho Flnancioa Ièpow Sland¥d applicable In th8Uk and Rewbllcof
Ireland IFRS 1021 IS￿￿on I6￿1￿ 2014
t.2 Chan9è ba%ls oficcountlng
Thsr8 noth*Lqq io ttbE accounllng ￿l￿e￿I¥41uPtI0n Nie$#￿￿￿$￿*cC¢￿Ikn¥I
ce ￿¥tyP￿r(eXcePl fortheI￿l￿￿nVI.
1.3 Ch4ngesto prpYiou5 袢tyJTrts
Nocha￿lShIyC beenThade h7accounls forprewcusyears
Note 2
Incoming Rè$our¢e8
Rocognit￿n ol Incornlng r•sourc•s These 4Tè In¢iudÈd *)thesiakmeniofFThn¢ièl A￿￿**${$0FA) when..
• th¢¢haAtybÈMmÈ5 Iht reswé$.
• the Irustees bre ￿rtUallYCertaln iheywi1lrece￿1e Ihe re3ource& aNd
¢ mw¢i8tyvOlu¢Un 0¢ me86ur¢d r¢iarxhty.
oils•￿TrA
Ther* ha6 bÉan Dtsomseitiro Dfassét& andllablitstrs. Or￿ffi￿ and
expens&$. ￿leSs[8qUIr0d orpemmiied tylhp FRS 102 SORP DIFRS 102.
Gtants and d¢natkont
GF4nts and donahonsare ontyinduded ￿ the SOFA￿Ell the yeneralincomp
rew1￿ ¥e mei 15 10 io $ 17 Ffts 192 SORPI
The vaue ofanywlunlary help receiwed 15 Inc￿E￿ in Ihp accounts but15
V¢Aunt##rh&lp
InVest￿nt
Thi5 ￿ Mduded In the tpceivable
InvestmEllt•olns¥Trd lts¥ses
This oajn or lossonthe salÈ tsfin¥éStmintyandanyoail(YKIss
te*J￿r￿trOM I￿alu1￿￿ InveslmenL%to mathetvakEatthe of the yeBI.
ExpendSlure Li4bilili¢s
Llabd*iÈ$are réwlséd morelW Ihan Ml knal Ihemisa lègal
or¢onSinKti¥È tsbligaii¢n L*M￿lI1￿9 Ihe (*￿tyt0p￿o￿l f¢sour¢Ès and
Ass•ts
T4n9ibl&fiXgd 4*￿t8 lorus•by
T￿5• al+￿p1￿￿￿Jrf￿eY(￿n bpu5ed tDrmoTe Ihanonpye¥i.4nttcost&t
1&951E5DD. Tn¢y arÈ valu¢Q atw$i ora￿0$00ab￿￿Ue on ￿¢￿t.
P4• 10

Note 3
Analysls of Im¢oming reyuurcei
lur
Int¢mifurtd*
Prt￿Y•lr
Anatysl$
CharftabI•4<￿ylE
Rent
receivabie
21.498
Totsl
21.4
18,200
INer8st
Income
Other
84
84
10
Tot
84
io
N0tr4
Anaty811 of •Kpendiiure
nd*
knd4
Tfjtsllurth
PAorswr
Anal 51
Waier rates
Re
airs
Le
al & rofessional lees
Audit & accountan
fees
Expenditurt ¢haiitabk
3.744
22.612
3,744
28811
2.398
26 862
253
674
1.291
6.198
469
1.248
345
135
298
604
1.50S
345
Sub5C
8ad debts
11.800
expp
reon
Note S
Tanglble fixed assets
S.1 Co$torvoluatK)n
Frvlhold thnd
C4￿rI￿nd
FIx￿rns. fiwngs
Total
At the b￿InnIng ollhe year
Addilron$
Revaluat￿n$
Disposals
Transfets.
Atend of IheyEar
2,000.000
2,000.0
2.000.0
z.000.000
&2 Depreclation and Imp•lmFnts
Al bsgiDniDg of Iheyear
Oi5PDsals
Depreualk
Imp8imèni
TTansfet5'
Atend of Iheyear
&3 Net book value
Nei Yalueal the beginnirN
of year
Nel book ¥a￿e altheend oflhe
year
2,000.OOD
2.OW.000
2,QOO.OOD
2.ofAI.OOD
Paw11

Note 6
Debtors and prepaym2nts
Amounts lallino du• wlthin
oné
Amoknntsfolli19 4ft¢r
moré than yèa
Th5s yèar
Lllstyèar
nalysls oldtbtorJ
Tradg débior&
AmDun15due from Subs￿VAry&￿d
4SxKi4W underfak￿95
Olhei d8bb)rs
pRpaymenis and accrutrJ1￿￿p
11,8th)
Ntstty 7
CroditDf$ and a¢¢rual$
7.1 Analy51s of creditors
Amount% fallln9 du•wlthln
ono
Thli year
mor•
1￿￿¥•￿r
asty•4r
Loon&and Qw•rdr8n$
Trade credilors
AmDun1$4ve ￿ gJOSioiaryana
8$$OCi¥téd und¢nakkn9$
01herc￿&tOrS
R¢nts in adwa
Total
Not• O
Endgwmentand r¢$tyi¢ted
&1 Funds hold
Fund Narn
Typ¢ P& EE.
R•roth¢r
Purpoxand T•StrfcUoTr
R¢$1fi¢1¢d ￿¢(rt
d(Fwm8fiifund
R8ler lo Trsuiéésreport
ort
PE
Fund bil4nco$
brought
rorw4rd
.2 MtyvemEhts
Incornlng
r•sourc•s
R•wvrc•s
•xp•nded
Galns and
Trafflsfors
fQtw4rd
Furyd
RésIn￿d Incom8
Re51ncted- Property RevaIL￿1
34.740
21.580
i.?eo.o
1.380.000
End9W￿ertFu￿
EnQDwmeThl- PloportyRè￿￿au0n
Fund
18.200
192
640.0
0,000
$.$ ¥r*nfjl*rn beiween fvnds
From Fund
Endowmenlfund
Niffl•
To Fund Nam
Re51ncted Incornp Fund
1.4 Anèww$ oln•t49$èts beiwppn
Unr•s¢dctod
Rtrstrkiad
Endo¥Yort
Total
FixEd issets
Invp¥trnent¥
1,3fj0.QQO
640.QLY)
2.000.0
Cr•dllor4 sn mor•than on•
y•ar4nd prOv￿￿rIn5
Total n•ta$w
Noio 9
TrkTr5•¢htsrt$with RLItEd p4rt
ThèrèWertnotraD5R(*0￿5￿IIkn rdated p&ffjp4 tho periad.
9.1 RÈmtsnèr•i￿Tr Ind benefits
N¢ r*M￿n￿all0￿¢r btyMfilS%vèf¢ ￿the TN61¢è9 duringth¢ P¢riOd
P49 12