Dowsett Almshouses Trust Report and Accounts Year Ended 31st March 2025
Dowsett Almshouses Trust Contents Year Ended 31st March 2025 Page Information sheet Trustees report Independent examlnerfs report of the accounts Statement of financial adivthes Balance sheet Notes lo the accounts 10-13
Dowsett Almshouses Trust Information Sheet Year Ended 31st March 2025 Trustees Cllr Ron Woodley {Southend on Sea Mayor- Until May 251 Cllr Stephen Habermel Isoulhend on Sea Mayor- Resigned May 20241 Mr P Andrews- Secrelaryff reasurer (Resigned April 20251 Rev S Ejaz Rev D Gales Accountants Xeinadin South Essex Limited Cumberland House 24-28 Baxter Avenue Soulhend on Sea Essex SS2 6HZ Principal Address Clo 160 Tankerville Drive Leigh on Sea Essex SS9 3DD Registered charity number 220610 Page 3
Dowsett Almshouses Tru$t TTUStees report Charity Number.. 220610 Year Ended 31$t MarGh 2026 statutory Information Registpred Address Clo 160 Tank11 Drwe Leigh on Sea Essex Ssg 3DD Charity ReglstratioTh Nrnr 220610 Trustees Cltr Ron Woodey Istsulhend on Sea Mayorl-Resigned May 25 cik siephen Habemiel Isoulhend on Sea Mayor- ResvJned May 20241 Mr P AndS- se¢Yetarylfr¥8Ur8f (Rtrsiyned Awl 20251 Rev S Ei3Z Rev O Gate6 Bankers Barclays Bank 127 Hith Street S¢ulhend on Se¥ Essèx SS1 1JS Annual Roport lor year ended 31 March 202S The TrLpslees preseniiheirAnnual Report and Financlal si8iements foryear endifwj 31 March 2025. Chariiablth Objo¢¢ Tha Charity 1$ goverFd by an Appred Governing Document which state5 that the principal PLYpose of the tharity 15 to [Kove affd£Ie housing foi th¢ elderly and Infirm in the City of Soulhend. and to apply Ihe incotne ol the chafity )r the benefit of kne resKlents in the rnshouses ol Itrt Charity Orany of Ihtm In such manner as the Tfuslees ihink fil. frotn tsme lo lime. The TTu&l Owns 8 Mshouse properbes, which it manlains. in Chelmsford Avenue. Soulhend on Sea, 8nd 2 endowment property houses. e income from whi¢h support Iheworf( ol thE alffls-house5. Organi5ational Structure The Trustees are *p)intsd as ex-o1fK Twstees from the Free Church coMmUrl5 wiihin he Borgh. or secoThled by the Trustees accordingly, IelherWith the Mayorol Souihend on Sea who seNes as Chairtnan forhi5ther year of Offfi. Trustees meet several times a year. t(pJelher With an annudl AGM. 8lwhi¢h offiws are appoinied. an# they 8re $FA)nsible together the day lo day runryng ollhetharity. and the finanLyal and legal aspects. Page4
ObJgctiv•s and A£tlvltl•s The Charily produces an Annual Rwrt eath y8ar datals activities undertaken the curreniytartr) show Iha publlc tenefit and the 8¢hiewemenl ofthwr aims and objectives. In orderto aieve the pnncipal objective. which 15 sel t$bOVe. e TnJ51 endeavours to rnaintain the pmp•ti8s in a fit5tate of rep[, and make ner£ssary irnprovements 35 and when they are reqre.11 also provide5 approPate insurance coverfor Restdents rKop¥ties and cnnten15, LP lo a measured amounL and waterand 5eweTage conrt¢lion Asm1 rent rX8rge is kvled upon Wmshouse re¢6 and reviewed 8nnualy. Achievements and Performance Overthisyearthè bunyalow5 and lar9e garden o)ntinued b b8 maintsined in good order and ww¢ fvlty owJpie<l forlhe rewting pefjod. One property had a newtenanl butall Others raIrd 51sl Fr of theeh1 residents In now in receiptef H(yjSn9 88norrt. all of which a now pa dilY to the Trusts ac£ounl. Dwng the wurso ofthe yearSoulh8nd City d881gnatsd ihe Alm5house5 a$ A ojnservation area. This wil have Some impacton Ihe ektsmal decoration And urA(eepef theeighl Charitab properbe Malnt•nance and SUrIty- Al otlhe bungalowswefe kept in a pood State of repair, and the Borough C/ CwnrAI continue<S lo offera cal OutseiCe forthe residents. which was much appreciated. The &nTrU f8 forthis semce is £210D (l1vATI agreed by the TTuslees and the Courtil. The level ol this iscutrÈnUy underneyoti8bon and may rise, bLrt is cOnSered a hugely benefial resaur¢e Servlce tothe residèni$ and the Trust. There have been m major repairs over and above the expectsd items in this finantsal year li accordan wlh the thatwas apwoved al the previou5 years AGM, there wa6 soFne work eleclrKal sar¥88. fire secunty $ysths and 9eneral rnainlenance. As pernoimal, cos forthese wortsvdere passed on after ihe yearend and 9hown on Ihe accounts. Fund5 carried foNASlI1 be used plamed wths In Ihfy Cn1ng m(Klhs. EndowThent Properties. Rental income is regularty received from both properteswilhoul any probrn. Tru5teeship- The Trustses remain quorate accLlino to the Consbtuti of the Trust The Trust remains fLYtunatt 10 have thè c4ntinued Trusteeship of the Mayor ol the Cty of Soulhend. The TTustee$ art still to Ihe Goveming D¢Kurnenl¥ thts liyhl of o)ngregts)al thawes in Sthend lo bring the ex1¢1) positions up to dale. Sugge5bons of appropriate *-people from Icul 0)ngregatn9 a bng Considered by Tru5tee$ lo inuease the Trustee dy. SecretarylArting Tre•¥urer- Trustees agreed le ask Mr Phil Andrews to ad as Trea5urtrlSe(tstaryforlhe year. Page 5
FIDan¢ial Review The TfLbSl continués lo raise flnds flom the endtyNmentproperty rental WI lurther income fr the AJm8housts tllainten charges. The most Siynificant expense5 rel8ted to on4tsng MainteD8n aThl repairs provided by Sou1he Sea City Ctruniil. Gardening ha5 oenerally maint8ined ils cost with he gardener provling some 8ddilion31 hours and other costs and seNices have mosuy risen according 10 inflation. Fry the ieporting year. de5piie the Maintenan proie¢s undert8ken. Other expenses were generally in line WI exPec"0nl the Trusts budget vth¢h wa5 set al the previous AGM. The Trust contsnues 10 have sufficient funds lo aThow twelve month5 of continued &xpen5e in the eveni ol no incLNne afid in view of the"catching up of m3inlenan( exp¢ts next year lo be an wportunity lo build rtsetves again. Trustees are saiisfi8d thai sufficient reserves are still in hand. 11 rs expected ihai rtserves ¥hould cane to r over coming year. The finantyal resulis of Ihe year¥e sel out the accompanying flnarrial statemènts. Flnancial Risk Asse$smoni- Fortunatety. the wicomt of the Trust is not affected by the threats wes8nied by ff6suè5 suth a5 Ihe Covk19 5rtualn 85 11 is not acbvely engaged in fvnd-ra151ng 8¢1ivilies. The Tru51ees a 5absfied thal thèy have suffioènl reserves al Ihe Balance Sheet date, Iwelher wlh •nb¢lPaltd income. to enable the Trusi to fvn¢bon effectively in the coming year. The Tru$tee¥ h8ve made an assessment trf the major ri5k5 faciw th8 Trust. and are sabsfied that polioes 8re In plate 10 rninimise these nsks. Heallh and safety asse$smeni$ and property insurances e up to date. A v¥luaiion of the properties was bsi undertaken In 2022 and wll ne be reviewed in 2026. The Tru51 Is grateful ttsxainadin SouLh Essex knrnited fortre help In examininy Ihis yearfs finan¢ial statement P Andrews behall ol ihe tyJardl Secretary Date. ?,3 11 IL- Page 6
Dowsett Almshouses Trust Independent Examlner's Report to the trustees of Dowsett Almshouses Trust Charity Number: 220610 Year Ended 31st March 2025 Respectlve responslbllltles of trustees and examiner The charivs trustees or¢ responsible for the preparation ol the accounts. The charty's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (The chaiib.es Acil aryj th31 an independent examination is needed. It is rny respon5ibilty to". axarnine the accounts under section 145 ofthe Charities Art to follow the procedures laid down in the general directions given by the Charty Commission under section 145151 Ibl of the Charities Act. and • to state whether partlcular matters havè COMÉ n Basis of independent examinerf$ statment My examination was carried out in accordance with general directh)ns g¢ven by the Charity Cornmi5sion. An examination includes a review of the accounting records kept by the charty and a comparison of the 8ccounts presented wth those records. It also includes consideration ol any unusual items or disdosures in the accounts, and Sèeking explanatyons frorn the trustees Conrning any such rnatters. The proTrdures undertaken do not provide all the evidence that would be required in an audit. and consequently no OnIOn is given as to ¥hether the accounts present a'true and Sairf view and the report Is limited to those matters set out in the statement below. Independent examinerfs statement In connection with my examinatn, no matter has come to my attention which gives me reasonable cause lo believe Ihat in, any rnaterial respect, the to keep accounting rècords in aceordanco Mrith section 130 of the Charibes A¢ and to ppare accounts wtrych accord wth the accounting records and comply with the accounts requirements of the Charities Act have not been met,. or lo Nthich. in my opinion, attents'on should be drawn in order lo enable a proper understsnding of the accounts lo be re8ch8d. Mr l Hornsey FAIA FFA Xeinadin SoLth Essex Llmited Incorporated Finandal Accounlanls Cumbedand House, 24-28 Baxter Avenue Soulhend-on488 Essex SS2 6HZ Date.. iaoiiE Page 7
Dowsètt Almshou$e$ Trust Slatement of Financlal Actlvlttes Charity Number.. 220610 Year Ended 31st March 2025 Restrfcted income funds Unrestricted funds Endowment Total this funds year Total last year Incoming resources INote 3 Income and endo%vrnnts from.. DDnatIonslegS Chani3bk 4VleS 20,913 17,400 38,313 39,696 othertradin4 InverS 350 350 84 Sep8r2tem&tEiid itemdKThTh otl¢r Totsl Resources oxpended (Note 61 Expenditure on.. Ralslng ChAfitable liviliS 21,263 17,400 38,663 39,780 18,106 5,220 23.325 46,810 $8parai@mat8ritJ Iwmdexpen Other Total 18,106 5,220 23,325 46,810 Net Incomellexpenditurel before Investment gainslllossesl Nel 98S1{sSe%)9 hvesifflents 3,158 12.181 15.338 7,030 Net incomellexpenditurel Extraordlnary Items 3,158 12,181 15,338 7,030 Transfers between funds other recognlsed gainslllossesl: tsains and reVaatoIrIXea assets fvrthe charrt*$(Ywn use OthergaiD511bsse51 Net movement in funds 3,158 12,181 15,338 7,030 Reconciliation offunds.. Toialfunds bftyJghl forApard rotallunds ¢arriedfonv?rd 1,387,710 1,390.868 640,OOD 652,181 2,027,710 2,043.048 2,034,740 2.027,710 Page 8
Dowsètt Almshouses Trust Balance Sheet Charity Number: 220610 Year Endèd 31st March 2025 R¢$trlcted Incom? funds Unr85tri¢ted funds Endowment fund5 Total thE8 year Total last year Flxed assets Intangible assets Tangiblg a$$el$ Herltage a$s8ts Investments F01 F02 F03 F04 F05 1,380,000 640,000 2,000,000 2.000.000 Total fixed assets 1.360,000 640,000 2,000,000 2.000.000 Current assets stocks Debtors Investments Cash at bank and in hand Total cuentaSsetS 2,191 57, 57,969 69 57,96 57,969 50.942 53.133 Creditors: amounts falling due within ono yèar 14,920 14,920 25.423 Net current 8$$etsl(liabilitiesJ 43,049 43,049 27.710 rotal assets less current Ilabllldes 1,403,049 640,000 2,043,049 2,027.710 Creditors: amounts falling duo aft8r ona y8ar Provislons for liabilities Total net assets or liabilities 1,403,049 640,000 2,043,049 2,027,710 Funds of the Charity Endowment fvnds Rèstrlcted Income funds Unrestri¢ted fund5 Revaluation reserve 12,180 12,180 30,869 30,869 2.027,710 1,360,000 1.390,869 640,000 652,180 2,000,000 2,043,049 Total funds e 2,027.710 .QtyinAA h&hAlf of the Trustees Dats. ..23: Cs1.:.2.ts.............. Page 9
Dowsettfvjmshouses Tw¥t Notes to the accounts Charity Ilumber. 220610 YoarEndgd 315¢ m?h ZOZ5 Note 1 Basis of prÈpattlDn 1.1 B&&iS ofa¢LtsuntWg ThesecoUntsltbeOparÉd ndtholstOficaltOtC0fiVOn%Ii1h rtemsr0fftid al ¢oslotlransxlitshwauÈ wlèssolhewJ5e 5td ieV<e5lo ?tetswts.ThÈ èttthuws hBve beenPleed In accoldanceith.. Slalpmenl ufrer0mmwedP(aIicE.-ACcIg Reportingby chrIeSP[ePar19 Iheir ccouffl1sinllccDrdC1h IhÈ Finan¢iol Sdrd apFdirlt lffl IhÉ andRtputrdi¢c4 Ir¢igDdlFRS lo211¢4 16W2014. 12 Ch4rse ola¢¢ounllng Therahaskén Th)than9etotraty)>lIT¥ P(4ld¢$fy4uoii¢n nl¢$andm¢thQd$olgLwtyw) nce 14¥lyearlwArpPlforlhDThthn9). be?Trmade la Bccounls tDiprekniDus yea[5. NotÈ 2 Incomln9 Regoure•s R•cognltbffl of Incoffllnll esources These are1ndje4 in Sta1afFia11thVlI% ISuFA>when. becomes enlil1ed lo theresruces.. arertU1YGrt4 theywil tE¢v IlètÈrt¢S. 9 Ihpmonelaryvalug Qb$ Mea$ewIhsffel r4iahlily. OMs#tbTh9 Therehasbeen nD Dff5ellifig ola55e15 andliabilities. 2nd 8xpty%es. urltssrequlfed orpoThltte6by IhtsFRS 102 SORPofFRS 102. Granth and donations Gr¥Asiffld donalionsire Y1rddedifft lh2 SDFAwhenthEyLeralirthme rettsgnilion Uitéliaalè MÈI 15.10to5.12 FRS 102 SORPI. The valupof YVo111nIary Wp received 1sfi01 incWed intheaccouns bu115 d¢S¢Xib8d in Nlruslees. amual report. This is induded in IhÈ atnIS ¥thenreceivable Volurtié•r hèlp Inv•stm•ffll Incom• Inv•stm•ffll Ind kn%s•s This 1ndude34llyg4iThPj5¥ on Ihe sakofin¥e3theN3and 4ny iry IrDm réva1fftg Ir@SIMInIS iofflath•l ¥iluèalthé end ollhèytar. Exp•ndltur• and Llablllues LiabililYd& arr41&edl¢lt1sm0rel1kl Ihanffl(lthal therisa or¢LNlStruKts¥Wi941iQn Ctyllmi1tsfj9 *trt¢rity IQ Pay ¢ul ¢sows ar the ourtofthe Obliga0 be measu[edth reasonablpcerta1y. Assets Tan9lNefixed èssets roruS+by ¢h4rity ThÈ&e ala¥sd illw w bo usÉd IDrfflor• on¢ yèar, andcosial least£5W. They41evakYd & c051 Drarea50nae valuE relpL Page 10
Note3 Analy$l8 ol In¢omln9 resources fundi Totsllwdi Analysls Rent Fe¢¢i¥8ble 20 913 Total 20,913 17.4QU Invtstmehts Interest irrorne Olher 350 J5P Totsl 350 35D Nole4 Anatysis of eAptndlture RqtrtÉtod lund Tétsltunds An Expenditure ¢haritibJe actlYltle5'. 447 2.447 18.550 3.744 28.811 Re rs 4.638 542 939 285 723 Insuran¢e Svb$¢n bon$ 313 88 353 345 Noi4 5 Tanglble frxed assets 5.1 Cost orvaluatlon Fr••hold land Othartsn PlJnL FIxiur•s. Total Altho b$g4mlty ¢flheyear Athlib>ns Revaluthn5 5PDsals Trafer3. Ale ofthey¥ar 2.OUO.OQO 2.000.OCN) 2.000.WO 2.WO.000 5.2 Deprs¢l•Uon 8nd Impolrrnonts Al beginnhg otlhe y Oitsposais Depreriaiitri lffyairrnenl Transfers. At end of Ihe year &J Net bookyalve Net book Yalue at begimi of the year Nel bjok Yalue atth2endof the year 2.000,000 iooo,000 2.000.000 zooo,ooo Page11
ebtors prepaymeTrts AmDuntsf4lllng du• whhln on• y•ar Th1¥ L45t yr AmDUng$f11ng du• aft•r ora th4n¢no Lastyo4r Afflalysl>ofdobtor& TiJdedeblors Amunis Oifron) $ub$i1Sary s5oar1drfan9 aCc•d1CL4¥l Tratai Note 7 redllors and accrua15 7.1 ATraty513 01 creditorg AnwJun15 fallSngduo Amoun15 fa115ng rtu•4ft•r mor•lhan onè Ihb year Thisye4r Lastye4r L¢an9 0ndOvgrfr4fts Tr4de ctethloF& 1¢ Subgidi8ryènd ¥S50cI&& ertang% OtheFcr8diknrs Rerts reved In 4dYan 5.389 25.423 Note O EAdowmèni ¢rIcted Fund Nam• Type PE, EE, prpos and r•sCtIonS Rp51ricted IOend ndmen1 fftd PE e.2 Movemen15 of malorfunds bght lOard Gains and Ip>SeS Fund b4iane¢s ¢arri¢d rÈSOur¢eS xp¢hded Tlartsters Fund nllrnes Reslncicd Income Fund RÈsiTrcLed. PwpÈrty Rev4ualw Fund EfidOVel Fund endovh7Lénl.PiopÈrty Re¥¥a Fund IB.1 $0.889 1.3W.( 1.3eo.o 12.180 .JTr&ns14rs btw*•n lunds Fram Fuhd Endowm8fi1 lund NaT ToFund R¢$fftlpd Fun Reé¥on Amount 8AAnaly&knoln•tass•ts lJ•twevn Unr•strf¢tèd R•slrict•d ToLI1 640.000 2..000 Inveslmen N4¢ curr4ntassols Cipdilors due ore than on• ye4rand piovl¥bn¥ Tolql ngt 30.869 43.049 Not¥ 9 Iramacon$w1th r•lat•d parhes 7herèwÉM notransattionswithlaleo the 0. Noremer4tsoTrty beThefi15 weIewo¥idedtDtsTieEs dur theperfod P490 12