COLLINS & CO CHARTERED ACCOUNTANTS & REGISTERED AUDITORS EST 1990 PJCIMY 26th June 2025 The Trustees Vanbrugh and Tempest Almshouse Charity Trust 7 The Serpentine Aughton L39 6RN Dear Sirs, Matters arising during the course of our work for the year ended 311t December 2024. In accordance with our nomal practice, we would like to point out that as far as we are concerned, there are no material matters which we feel need to be brought to the attention of the trustees in respect of any weaknesses found in your systems during our recent work for the year ended 31st December 2024. We would like to tske this opportunity of thanking you for all the co- operation given to us during the course of our work. Yours faithfully, Collins & Co P J Collins F.C.A Suits 13 Hattersloy Hou8e, 1 Hattersley Court, Ormskirk, Lancs L39 2AY Tele 01695 $77557 Email: aul collinsco.co.uk T Number 548- 5981- 88
Vanbrugh and Ternpt Alm8hous¢ Cbarlty Th¢ Flnan¢knl Statements for tho year ended 31 December 2024 COLLINS & CO
VAnbrugb And Tempest Almshouse ChaTIty Thl 227244 Rev A Housley 10 Church Lane Aughton L39 5SB Corre8pondence Addre8S 7 The Scentine Au8hton L39 6RN Reportlng Accountant Mr P J Collins F.C.A. Collins & Co Suits 13 H&tter8ley House l Hattersley Court 0rn1Tk L39 2AY The Royal Bank of Scotland Drnmmond House l Redheughs Avenue FAainburgh EH12 9JN Solldtors Ixckinson Parker Hill 22 Derby Street ornkirk L39 2BZ
VaDbrn8b gnd Temptst AD(e Charlty Trust ALYounts for the ye4r ended 31 D¢ber 2 al and Admlnkntlve Inforniadon The Trust was set up under the Charities Act 1960 and complies with the requirements detailed in the sealed let from the Charity Commission dthl 15th FebnY 1967, for Ihe Charity set up by The Charity Commissioners on 29th Awil to prov&(k suitabl¢ aceommodation for appointed almsErsons. VAnbrngh and Tempc8t Alm8hou8¢ Charity Trust 18 & Regi8tcred Social Housing Providcr and 08 8uch is subjezt to the Housing Act 21NJ4 and the Accounting Dlrectlon for priv&le registered providers of social housing 2022. the yev. the followlD8 Served a8 . Rev. A Housley Administr&tor Mr A Southern (to 30ffjfn4) then Mr A Thomp8on (from OIA)7r24) (Xher Thiste¢s Mrs M Brook Mr P Fogdcn Mr P M088 Mrs B Moss Mrs M Ellam8 Mrs P OBrien The I81¢¢S havc tablish¢d a 8ystem of internal control which is appropri&tc for the siz£ and natyjre of the or88nisation. Tr trn8tee8 coNidcr that thc 8y8tcms wcff thiuate WKI efftive during the year. The trn8tct8 h&ve undcrtaken as 8e88m¢nt of thc charity8 compliance with the Governmce ond Finhn¢ifil Viability Stsnd&rd. The Thistee's met durin8 the year, and the following decisions wr mad¢: The Thistees agtred thc 4nnual ststistiol retum to HomeB England and tho signed the prepared by Collin8 & Q>. They arrAn8ed for repairs to variou8 areas of the site a8 required. Trlnance There was a deficit of £3.589 (2023 Surplus: £6.161) for the year. This is mainly due to an incre88e in oimtin8 expeNlittur. Dotably payments for ga8 and the rtfurbishment of Fljt No 3. We also Jtceived g¢nerou8 donation of £4(K) and intr(xlu¢ed a monthly service charge to tenants. The trust remains in a 5tr1)ng rin8nciai tM)sition. A transfer unable to be made to the Building Fund ift May 2024, (2023.. £10,(KM)). The truses aTr comfortable with the ffserve8 held and the spread of between NAACIF and th¢ RoyAi Bank of Scotland. Expendilure will continue to carefully monito1 and rents and scrvic¢ ¢harg¢s will be vIeWed to en8ure the Trust a stable financial ba818. All rents are paid by standing order. Health and Sofety British Engineering S¢rvic¢s ¢any oul gn El¢Lti11 Installation Condition inBpe£tion on a 5-ye*r cycl& The last such inspection tIM)k pla on I IAiif2023. No lry)s¢ c&sh is k¢pt by the Thist on any of its premises.
Accounts for the year end 31 December 21124 Tne8 Report (conthiued) Rewvefj PoM¢y Reserves for emergencies and maintenan¢e arc uate. The funds are heid in curyeDt accounts with the Royal Bank of Scotland and other ruerv¢8 in NAACIF inve8tmcnts. This is considered to be the most appropriate and safr sprtad. Publlc Benrflt Statement When planning our activities for th¢ year. the tNstees gave considerntion to the Charity Commission's 8uidanrK on public bcrtfit and, in particular. the specific guidance to Chariti concerned with the relief of those in need, by tf080n of youth. agc, ill heolth, di$ability. financid horthhip or other dis*lvantsge. ststement of ThMteu' Te8ponslblllde4 L£gislation uIreS the trustees to prepar¢ financial 8tat¢ments for each financial yeor whi¢h give a true 8nd fair vi¢w of the state of the affairs of the Registed &Kial Housing Provider (RSHP) and of the surplus or thficit of the RSHP for that period. In preparing these financial statemcnts the trustees ar¢ required to: - se11 suitable 0Vnung policies 8nd apply them consistently: . make judgements and timate8 that are renable aTKI prndent: - 8tate whether applicable Rcc4)unting staDdard8 have been followe41, subje¢t to any material departure8 disclosed and explained in the fin8ncial statements; - Prepa the financial statemenls on the Boin8 concern ba8i8 unl¢8S At is inappropiiate to pre8unK that the RSHP will continue in operntion. The trnstees are responsible for kPIng proper aoUnting record8 which disclose with re&8onable accuracy at any timc the financial position of the RSHP aTKI to ¢n8ble them to ¢n8ure that the financial statemcnts C4)mply with the H(All8 Act 2(K)4. and the AcCting Diffction for PTiV&t¢ re8i8tu¢d ptovi(kr8 of 80cial hou8in8 2022. They ore also rer>pollsible for safegUlIng the &8scts of thc RSHP and hen¢e for taking reasonable steps for the prevcntion and d¢te¢tion of fraud and other if81&rAtiCs. ThiB reiNxt Was 4yoved by the Board 6 July 2025 and sig1 on its by RevA Mr P F(ll
VanbnWI and Tempest Almthou8e Charlty Trust Rern8 Accountants, Report on the udIted Accounts to the trustees of the VAnbrngh and Tempest Alnthu8e Charlty T¢ This on the actnts of the charity for the year ended 311)e£¢mb¢r 2024 which are Aet out on p&ge8 4 to 9 is in Npe¢t of a report Carried out under section 138 of the Housing and Regeneration Act 21x18 ("the 2Li18 The charity's Inle¢S are resonsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for th¢ year under &ection 136(3) of the Housing And Regeneration Act 2008 and that an accountant's report 18 required by a"reporting accountant" It is my re8EM)n5ibility to re[ on the u18 in accoJthDLf with section 138 of the 2(Ki8 Act and to state if I h4ve failed to oitiin all the infOrnlI and explanations which I feel are necusary for the purp)8e of eparing th¢ K)rt. Ba818 of the Reporthi8 Account4nt'8 Report The PAAmination includes a review of the a¢¢ounting records kept by th¢ tharity a comparison of the accounts presented with th08¢ rwords, It Jlso includes consideration of any unusual itrms or discloBures in the )un¢s and seeking explanations from you as Iru8te¢s concerning any such matters. The pr(Keduffs undertaken do not provide all the evidence that would required in An audit, 8nd consequently no opinion IB given as to whether the accounts present a.truc and fair view" and the report is limited tt) thoK matters 8et lt in the statement t¢low. Reportln8 AccouDtnnt'b Slal¢men¢ In connection with my examin&tion, no matter h88 come to my attention whith giv me reasonable cause to believe tha¢ in any material T&8pect the accounts not in accordCe with the accounting record8 kept under Sethion 135(2X&) of the 2(K18 ACL On th¢ b&sis of the inf(Th)ation in thc r&t4mlin8 [)rds. (a) the acLounts comply with the Tequirements of the Ch8ritieB Act 2011. (b) section 136(3) of the 2(MJ8 Art applies in re8t of these a01¢¥. Mr P J Colllns F.CA. Coullls & Co ste 13 Hattersley House l Hattersley C41Urt 6 Juty %)25 Page 3
ror the year ended 31 Decekn 2024 for 2(124 2023 25,294 21,489 1%48: Operadng expendltswe Operntlng (DefidlrPh on 8odal l¥)uBln8 I86 (32,229) (25.704) (6.935) (4,215) Jntrrest receivable Divid¢nds rweived 140 3,206 165 2,826 (Tlefidt) on Ordlnary AVIde8 for the year (3,589) (1,224) RlI8¢d 8ain on investments (DdldtySnrylu8 tor the year 7.385 (3.589) 6,161 The re8ts for th¢ year related wholly to th¢ wxtinuing act5vitie8 of thc or84nisation. The financial sta*ments weff approved by the Board of Thistees on 6 July 2025 and Signed on its behalf by: Rev Hou81ey ( Mr P Fogden Crnutte) Page 4
Vanbrugh and Temput Alm8hou8e Charlty Tht Statement of finandal pmlllon a8 at 31 Dernnber 2024 2023 NotQ8 Housing ProlieS . depreciated cost S(Kial HO81Th8 Grant 32.742 (32.736) 32.874 (32,736) 138 499.231 J36.186 536.192 499,369 Current assets Cash at bank 9,015 12,336 iJ&) 1.21K) Net current a88ets 7,455 11,136 TotAI aets IESJ eurrent Uabw 543,647 510J05 Eqty tnvestment revaluatlon reserve Lksignated re8ervcs 432.101 79,487 32,059 395,370 79.264 35.871 543.647 510.505 The financial stst¢ments were approved by the BoArd of Trnst¢e8 on 6 July 2025 and Signed on its i*half by: Rev A Housley Mr P Fo8deD (Tru8t¢e) Page 5
Notes to the accounts for the year elldl 31 Dember JJ24 Ac¢ountlng polldes 1.1. Aecountlng eouvenlkni Th¢ ac¢ounts are prepared under th¢ historical cost conTKntion modified wlx¢n neLYAsary to include the valuation of invastments, the A¢c(wnting DIrtIon for Private registered pn)vidcTS of 11 housing 2022 aThd in acc4)rd8nce with the Statement of Recommended pral¢e for Registered S11 Housin8 Providers (SORP 2014). 11 Socthl Houdn8 Grants &xial H<Ing Grants were ttik by tk Housing Cwation aThJ wcff to 1( the coBt of the development and are therefore shown as a deduction from the cost of the housing propertie8 on the Balance Sheet. Where Social Hou$in8 Grants are re£eivcd to cover expenditure incurred by the TNSL it 18 credited to the tn¢ome and Exenditure Account in the period in which it is re1Ved. sla1 Ho1ftE Grants are repayable in cethin circumstances. howevcr. for th¢ for5ttabl¢ the ial landlord will ¢¥)ntsnu¢ to ume the prowtie8 for th¢ PUTtx)8¢ (provision of reuted a)mm(mAtIonj and there is, therefojt, no expectation of Soci41 Housing Gr8nt reYmenL IJ. HouslD8 Propertles Th¢s¢ are stated at C08t and 1 knvoices and 8rchitect8 CCrtificat¢s fflating to capitsj expenditu incurred in the year aff included in the financial statements for the year. provided the datcs of issuc or valuation are prior to the year end. 1.4. Tanglble Ilxed Awets #nd deprethtlon Depreciation 15 provided at rates caiculAted to write off the cost or valuation le88 tt8ithial value of a8&et over its expected useful life. as follows: Fre¢hold building8 Str4lght line over fifty y¢or5 IJ. ExtrAordlDary Repatr8 The costs of extrwrdin8ry T¢pairs. unless represenling improvements to the property, are charged to the revenue Unt in the year in which it 18 incurred. A dcsignated extraordinary repair fund is maintained in orthr to 8et aside sufficient fund8 from genernl fund8 spttifically for any extrrdInary repairs that may cw in the year. TheKe funds are investrd separately with the NAACIF. Thi8 15 & designated fund and represents amowits set aside to cary out Trbuilding Work to the properties 8hwld the ttal Ari8e. Th¢ fimds we InvNted sepATely with the NAACIF. 1.7. Invesknents Realised gains or losses are recognised when the investments arn sold. Unrealised gains or I48e& are accounted for on revaluation of invutments at 31st December and edited or debited to an Investrnt Revaluation Reserve. Page 6
vanbn and TeDipe8t Almsboll8e Charlty Th Notos to the accounts tor the year eDded 31 Detember 2024 IA Twnover TUrn0r ryesents income recclvablc during the year in respect of tenant contributions, sundry wits 8nd fees. 6 "Holl51ng for Older People" unlts held for let Total At l JAnuory 2024 Social Hou8in8 Grant At 31 Deeember 21Y24 41,694 41,694 (32,736) (32.736) 8,938 8.958 At l January 2024 Charge for the year At 31 DeMber 2(Y24 8.820 132 8,820 J32 8,952 8,952 At 31 DcCcMr 2024 At 31 Decembcr 21r23 138 138 Investments Market vAlue 2024 Co8t Market V8lue 2024 2023 2023 NAAaF Re¢oupment fund NAACJF General fund NAACIF Ext. Repair fund 172.347 73,479 2W.360 13.325 24.597 66.163 159,331 71.17 268,803 13.101 24,597 66.163 536.186 104,085 499,231 103.861 StAtemeDt of total recogntsed 8UTpIu8e8 for the year ended 31st December 2024 24)24 2023 (Deficitysurplus for the year Unre4lised 8UTplus on investmts Total reu)gni8ed surplus for the year (3,589) 36,731 6.161 28,8&) 33,142 35,021
Vanbrugb And Temptst Alm8hou8e Charlty Th Notes to the aeeounts for the year ended 31 December 2024 Related Partle8 One of the housing units is pied by a Trlativ¢ of a trustee. This ty)ancy is on the same ternL* And ¢ondition8 as the other rcsid¢nts. tAgbladYe ProvtsloD8 The Thist sct UP WKkr the Charitie8 Act 1960. Brought forward at 18t Janu R¢lewd on di8pM)sals UnTeali#ed suryiu81((kficit) on Inlm Carried forward at 31st Ikcember 395.370 376,310 (lo.() 28,8( 36,731 432.101 395.370 Brought forw9 At 18t January Transfer from Genernl Fund 13,101 223 11878 223 Carried forward 8t 31st December 13.324 13,101 ExtrInary Repair Fund: Brought forward at 1st January Transfer to GenerAI Fund 66.163 68.778 (2,615) Carried forward at 318t December 66.163 66,163 Total Deslgnated Reserve8 Cwtieil Forward 79.487 79,2fA (lenernl Revenue Re8crve Fur¥l: Brought forward at 1st January Transfer to recoupment fund Transfer from extrrdinary repair fund (Ikficitysurplus for th¢ y¢ar 35,871 (223) 27.318 {223) 1615 6,161 (3589) 32.059 35.871
Vanbrugh and Temw¢ Almshouse Charlty Thl lor the year ended 31 De¢ember 20 COMK Tenant Contributions Service Charges Received Sundry R¢nts and Fees Receivable Donations 19.120 5,7(M) 74 19.355 94 25,294 21.489 15.710 934 1,597 8,068 749 1.497 1.310 183 JI.807 Electriclty Water rntes Grounds m8inlznance Sundry expcn8e8 40 20,285 Insurances 1.468 1200 2,668 lJ60 Routine maintcnancc Replment Boiler Flat Refurbishment C08ts Garden Gate8 Electrical Repairs 1,463 1,086 8,155 5.974 539 8,636 1,130 10.371 Sub8cription8 Depre¢i4tion pro 611 132 678 743 858 TO oFmting expenditure 32.229 25.704