FETCHAM UNITED CHARITIES
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024
Ellis Atkins
Chartered Accountanls

FETCHAM UNITED CHARITIES
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 31- DECEMBER 2024
The trustees submit their annual report, togeiher with the financial statements of the charity
for the year ended 3 Isi December 2024. which comply with ihe current slatutory requirements
of the charity's governing documenl.
Reference and administralion
The charity's name is Fetcham United Charities and its registered number is 226276.
Trustees:
Mr David Du￿1]1
- Chaiman until 20 September
Mr Nigel Turner
- Treasurer and Acting Chairnian
from 20, S¢pt¢mber ?024
Cllr Tim Hall
Cllr Paul Kennedy
Cllr Caroline Joseph
Mr Howard Taylor
Mr Graham Douglas
Mr Siephen Arthur
Mrs Jane Arthur
Resigned I" July 2024
Resigned 31, December 2024
Resigned 31, December 2024
Cllr Philip Hammond
Ap￿)Inted I. July 2024
Principal address: l ? Links Brow
Fetcham
sU￿¢Y
KT22 9DU
Bankers:
Barclays Bank plc
Leicester
LE87 2BB
Structure* governance and management
The charity's governing document is the Scheme of 31" December 1918 as varied by
Schemes of 16, December 1927, 24 April 1936, 13, January 1939. 26, May 1959 and Th
June 2018.
The EK)dy of the trustees usually consists of up to eleven trustees: three nominative Irustees,
three representative truslees and up to five ¢OvOPtative truslees. The trustees receive no
remuneration for serving as trustee5.
The charity is managed by the Committee of Managemenl which consists of all the trustees.

FETCHAM UNITED CHAIUTIES
TRUSTEES. ANNUAL REPORT (continued)
FOR THE YEAR ENDED 31- DECEMBER 2024
Obje¢tives and a¢livities
The principal objectives of the charity are ihe management and maintenance of ihe
Almshouses, comprising len residential units. and of the Reading Room in Fetcham. Oiher
objectives are the prevenlion or relief of need in the area ol benefit through making gifts or
Irants to appropriate charitable Organisalions and support for the apprenlicing or training of
local poor young persons.
During the year two donations were made to eligible local charitsble organisations.
Public Benefit Slatemenl
The trustees confirn) that they have referred to the guidance conlained in the Charily
Commissioner's general guidance on public benefit when reviewing the charity's aims and
objectives and in planning future aclivities.
The trustees are satlsfied that the charily continues to meet ihe required public benefit test
throu&ih its objectives and activities.
Aehlevements and performance
The charity had a deficit of income over expenditure of £1 0.267 in 2024 which, after transfers
to and from designated funds of £22.504. resulied in a General Fund surplus of £12,237
(2023 - deficit of £4.446). Designated reserves stand at £435.316 (2023 - £427.880).
Althoubyh Reading Room income covered basic operaling costs, regular letting5 were still well
below their pre-covid level and the surplus conlinued to be small. Donalions were therefore
made at a reduced level from the General Fund ihat had been augimenled by Governmenl
grants during the pandemic. Improvements were made to the external lighting of the hall.
Morley Court income was affected by two voids during the first half of the year. There was
significant cyclical maintenance expendilure on flal refurbishments. electrical inspections and
rem¢dies and the instalment of new storage heaters.
The trustees are satisfied with the results of the year.

FETCHAM UNITED CHARITIES
TRUSTEES, ANNUAL REPORT (eontinued)
FOR THE YEAR ENDED 31ST DECEMBER 2024
Financial review
The charity maintains a level of income surplus such that it will be able to meet any
foreseeable repairs or renewals of its assels. The level of reserves held are shown in Ihe
balance sheet as £505.774 (2023 - £486.102).
Reserves which are surplus lo current requirements are accumulaled to finance future
improvements lo the charily's property and to fund fijiure developments.
It is our p)licy to invest some of OUT fund balances in the M&G Charity Mulii Asset Fund
{inlo which the National Association of Almshouses Fund was merged 2019) and through the
COIF Charities Inveslment Fund.
Approved by t
trustees on
231L
.2025 and signed on its behalf by
N Turner- Trustee and Treasurer

FETCHAM UNITED CHARITIES
RECEivfs AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED 31ST DECEMBER 2024
UNRESTRICTED GENERAL FUND
2024
2023
RECEIPTS
Charitable aclivilies
Almshouse Residents. contributions
Maintenance
Readin¥ Roorn lettings
52.684
7,050
52.286
5,767
59,734
58.053
Income from investments
nterest received
466
371
Total receipts
60,200
58.424
PAYMENTS
Charitable activities
Water rates
Council lax
Insurance
Electricily
Gas
Telephone
National Association of Almshouses
Maintenance of land and fences
Maintenance of buildings
Administration expenses
Amenity expenses
Loan interest
Community alarni system
Charitsble donations
Hardship grants
937
38
1.752
1.385
i.oi I
847
236
3.676
21.129
445
786
6.527
.933
2.350
49
.782
3.00?
586
974
383
2.838
45.934
231
1,050
6.466
3.238
1,250
500
69,447
43.052
Governance costs
Independent Examiner's fee
1.020
969
Total payments
70.467
44,021

FETCHAM UNITED CHARITIES
RECEIPTS AI¥4D PAYMEKfs ACCOUNT (Continued)
ST
FOR THE YEAR ENDED 3] DECEMBER 2024
UNRESTRICTED GENERAL FUND (Continued)
2024
2023
Excess / (Deficit) of income over expenditure
{10,267)
14.403
Transfers lo CM and ER designated funds
Transfers from CM and Abbolsfield
d¢sigFnated funds
(9.500)
3?.004
(18.849)
NET SURPLUS I (DEFICIT)
12.237
(4.446)
General fund brought forward
58.221
62.667
General fund carried forward
£70.458
£58.221

FETCHAM UNITED CHARITIES
STATEMENT OF ASSETS AND LIABILITIES
AS AT 31ST DECEMBER 2024
UNRESTRicfED GENERAL FUND
Notes
2024
2023
FIXED ASSETS
Housing Properties
Cost
Less.. Housing Association Grnnt
329.971
(248.434)
329.971
(248.434)
Property net book value
Inveslments
81.537
348.135
81.537
319.181
429.672
400.718
CURRENT ASSETS
Debtors
Cash at bank and in hand
9 143.788
153.878
143.788
153.878
CREDITORS:
Amount5 ftalling due within one year
1,769
1.831
IYET CURRENT ASSETS
142.019
152,047
TOTAL ASSETS LESS CURRENT
LIABILITIES
571.691
552.765
CREDITORS:
Amount5 falling due after more than one year:
BCM Global loan
io
65.917
66.663
£505,774
£486,102

FETCHAM UNITED CHARITIES
STATEMENT OF ASSETS AND LIABILITIES (continued)
ST
AS AT 31 DECEMBER 2024
UNRESTRICTED GENERAL FUND
Notes
2024
2023
CAPITAL AND RESERVES
Designated reserves
435.316
427.880
General fund
12
55.587
44,030
Property account
12
14,871
14.192
TOTAL FUNDS
12
£505,774
£486.102
The accompanying notes forni part of ihese financial slalements.
ThesL financial statements were approved by the committee of management on
.AKTh.m￿..2025 and signed on its behalfby:
Mr N Turner- Treasurer and
Acting Chairn)an
ruslee
Trustee

FETCHAM UNITED CHARITIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31. DECEMBER 2024
PRINCIPAL ACCOUI¥4TING POLICIES
(a) Accounting basis
The financial statements have been prepared on a receipts and payments basis and
under the historical cost convenlion. as modified for ihe revaluation of
investments, in accordance with the Charilies Act 2011. Additional notes have
been provided io disclose the movements on the funds.
As the charity is nol registered for Valuc Added Tax expendilure is shown
inclusive of VAT.
(b) Tangible fixed assets and deprecialion
The cost of the freehold properties relates to improvements carried out since 1986
to ihe Almshouses and Reading Room and are included al cosl at the lime of
acquisition. These properties were acquired by the trust on its forniation in 1918
and are included in the accounts al nil book value.
(c) MaintenAnce conlrlbutions and direct charitable expenditure
Maintenance contributions from occupiers of the properties are disc105ed in ihe
accounts on a receipls basis. Charilable expendilure relales to the upkeep and
maintenance of almshouses and expenses are recognised when incurred.
(d) Designated reserves
The cyclical repairs and mainlenance reserve represents amounls sel aside for
cyclical maintenance lo meet cost5 in excess of budgeted expenditure for any year.
The extrdordinary repairs fund represents amounts set aside to cary out major
repairs on housing properties.
2. EMPLOYEE INFORMATION
The charity had no employees in ihe years ended 3 1st December 2024 and 31 st
December 2023.
3. TRUSTEES, EMOLUMENTS
None of the truslees received any emoluments during the years ended 31 st December
2024 and 31 st December ?023.

FETCHAM UNITED CHARITIES
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31- DECEMBER 2024
4. TRUSTEES, EXPEIYSES
During the current and previous year the trustees were reimbursed the cost of items
they have purchased on behalf of the charity in respect of mainlenance and other
activities carried out for ihe almshouses and Iheir residents and for the Reading Room.
S. INDEPENDENT EXAMINER'S FEES
2024 2023
Independenl examiner's fee (including VA T)
£1.020 £969
The independenl examiner's fee w&8 after a discounl of 500/0 in 2024 {2023 - 50 % ).
6. TAXATION
Fetcham United Charities is a regislered charily and is. therefore. exempt from liability
to taxation on ils income and capithl gains.
7. FIXED ASSETS
2024
2023
Housing Properties- Almshouses
Cost
At I" January 2024
and at 31" December 2024
329,972
329,972
Less- Housing Association Grnnt
At I, January 2024
and at 31, December 2024
(248.434)
(248.434)
Net book value at 31" December 2024
£81,538
£81.538
The almshouses and reading room were acquired when ihe Irust was forn)ed in 1918
and are included al nil book value. The above details relate to improvements Ca￿led
out since 1986 which were funded by a Housing Corporation Grant of £?48.434. Th¢
balance was provided froTn the charity's own resources.

FETCHAM UNITED CHARITIES
NOTES TO THE FINAIYCIAL STATEMENTS
ST
FOR THE YEAR ENDED 31 DECEMBER 2024 (continued)
8. IIYVESTMENTS
2024
2023
Quoted investments
Market value brought forward
319.181
297,423
Additions
Accumulaled income
Net realise(Vunrealised gain/(loss)
3.000
11.827
14,127
3,000
11.901
6.857
Market value at 31. December 2024
£348.135
£319.181
Historical cost at 31 December 2024
£168.366
£92.101
9. CASH AT BANK AND IN HAND
2024
2023
Barclays- Business Premiurn account
Barclays - Community accounl
Barclays {Abboisfield) - Dep05il accounl
National Savings Investmenl accounl
Nalionwid¢ account
Uniied Trust Bank
Cash in hand
12.000
13.103
2.094
30.000
15,178
2.408
85.087
31.504
76.292
30.000
£143.788
£153,878
10. CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR
The BCM Global loan is secured by a charge on the charity's housing. land and
buildings and bear5 interest at 9.6250/0 and is repayable in half-yearly instalment5 of
£3,574 including interest over 60 years from 31" March 1989 to 31 ' December 2048.
io

FETCHAM UNITED CHARITIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31%J DECEMBER 2024 (continued)
11. DESIGNATED RESERVES
Cycliegl Extraordinary Abbotsfield 2024
Maintenance
Repairs
Amenities
Total
2023
Total
Balance brought forward
Transfers from income and
expendilure account
Transfers to income and
expendilure account
Interest and dividends
received
3.800
Increase/(decrease) in unrealised
gain on investments
106,291
313.782
7.807 427,880 388,847
6.500
3.￿0
9.500 18.849
(31.504)
(500) (32.004)
1.827
186 15.813 13.327
14.(M)S
122 14.127
6.857
Balance Ca￿led forward
£85.087
£342.614
£7.615 £435.316 £427.880
12.
ANALYSIS OF NET ASSETS BETWEEN FUIYDS
General Property Cy¢li¢al Exlraordinary Abbotsfield 2024
FuDd Account Mxint¢ngnce
Repair5
Amenities Total
Tangible
fixed assets
Investmenls
Cash at bank
Current assets
Current liabilities (1.020)
Long term liabililies
81.537
81.537
348.135
143.788
342.614
5.521
2.094
56.607
85.087
(749)
{65.917)
(1.769)
(65,917)
£55.587 £14.871
£85.087 £342,614 £7,615 £505,774

ellisatkins
crtA51TE￿EO ACCOUNT ANts
Independent Examiner's report to the Committee of Management of Fetcham United
Charities
I report to the trustees on my exarnination of the accounts of Fetcham United Charities for the
year ended 31 st December 2024.
Responsibililies and basis of report
A5 Ihe charity's trustees you are responsible for the preparation of the accounts in accordance
with the requirements of the Charities Act 2011 (Ihe 201 l Aci).
I report in respect of my examination of the Charity's accounts Ca￿led out under section 145
of the 201 l Act and in carrying oui my exarninalion I have followed all the applicable
Direclions gyiven by the Charity Commission under seeiion 145(5)(b) of the Act.
Independent examiner's report
I have compleled my examination. l eonfinn th4t no mal¢rial matters have come to my
attention in connection with the examination giving me cause to believe that in any material
respect:
accounting records were noi kep( in respeci of the Charity as required by section
130 of the A¢i' or
2. the accounts do not accord with those records: or
3. Ihe accounls do not comply with ihe applicable requirements concerning the forni
and contenl of accounts set out in ihe Charities (Accounls and Reports)
Regulations 2008 oiher than any requiremeni thai the accounts give a true and fair
view which is not a matter considered as part of an independent examination.
I have no concerns and have come acmss no other matters in conn¢clion with ihe examination
to which attention should be drawn in this report in order to ¢nable a proper understanding of
the a¢counts lo be reached.
P D LONGSTAFF FCA
PARTNER
April 2025
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