REGISTERED CHARrrY NJJhlBER: 228106 OVING ALMSHOUSE TRUST REPORT AND AccouNTS FOR YEAR ENDED 31 DECEMBER 2024 ANTHONY EAsfwooD TREASURER
OVING ALMSHOUSE TRusr TRusfE£s' REPORT FOR THE YEAR ENDED 3 1 DECEMBER 2024 The trustees are pleased to present theii report olong wth the finonciol slotements ol the chority lor the yeor from l January 2024 10 31 December 2024. Reference ond Admlnlslrollve Inlomyillon Chorily Number T28106 The Iruslees Serving during the year were os foll0v.. Anne Bennett Stephen Bennell (Ch0> Anthony Eastwood (Treosurerl Neil Linlord Jennifer Linford Iresigned 26 April 20241 Alon Smith (appointed 6 March 20241 Reverend Trevor mahall (resigned 4 June 20241 Tony Bornard loppoinled 4 June 20241 Ralph Godfrey loppointed 4 June 20241 Urszulo Topp Correl ondence ad re5 clo Wigpers l Briar Close Oving Chichester Wesl Sussex P020 2BY Bonkets CAF Bank 25 King5 Hill Wesl mo15irig Kent ME194JQ
OvtNG ALMSHOUSE TRusr TRusfEES' REPORT (coTrmNUED> FOR TrfE YVtsI ENDED 3 1 DECEMBER 2024 Stsucture Govemance and Alana v nin docuTnent 07ng Alm5hou5e Tru51 wa5 estobli5hed on 28 January 1969. under ts seherne approved by the Chority Comrni$5ion 0$ on f)rnolgtsmtslnn of Woods, Almshovses ond The Chority of Ellen Charfotle Drewill. 11 is goverred by o Chority Commwon Order ot thot dole. amend6d by a resolulion trf Iht TtU5tee5 on 14 Moreh. 1 l. a chonuè approved by Ihtr Charity commion in the nole daled 17 September. 2015 tsnd ts iesolvtion ol the Tru51ee5 on 29 Febtucry. 76. On I l January 78. The Ch(Jrity Common opproved a change ol nom& to O¥ino Almsh¢)useTrus1. an15atton The Trustees os (J body ore [espsIte l¢y the udministrotion of the Chty. The TnJslees meet at least IvCe a yearond at lea51 three members need to be present for their meetings to be ovorole. AU deci%tsn5 ttrtr bFOUght bÉfore the TnJ51ee5 a5 a whole onct mtsjor rnatte are approved in o4vance ot implernentotion. IroiThn oITtU5tee5 Tre Trvslees have reeWed the 5kn115 ond experience they have QTnd are 5ati5fFed Ihal these are suflicient to ensure Ihrll the ¢horily is propetly njn. in ¢>cc(ydonce the governing Ord61 and Chtsrity comrrSSK)n gdanCe. On appoinlmenf. Truslees (we requwed to read the Chority Con)mission's letsllel on the Responsibility of True85 and to confitm thattheyare not dqUallled trorn (Jcting (F5 fru5tee. They are supplledwth ct copy of Ihé govetniFTrg Ordèr tsnd thé tnost recentset of ¢)ccounts. Obl•th•s The charity ho$. rnoinl(ins and admini51eT5 thÈ four alm5hou5e5 llowr. in the parish ot Oving. lor Ihe benelit ol the presenl fvlvre occuponts. who cffe 0g&¢J Of infiFm persons of good chaioctet ond18xceptin special case5 opwoved by the Chority C¢>mmithonl tye resident IT) Ihe purish ot the time immedialely prior to the occupancyor. rf the Trustees afe not Csware ol any such candidates foroccuponcy. ¢re r&identwlthiTh 25 miles of the pori5h. During the year. the Twstees continued 0 ffil Ihese objectives. Publlc The entire octiwty of Ihe chty htss bon and continue5 to be to prode Ihe benefits as described above to thè qualifyiry classes of beneficiory the Trustees (ve satisfied Ihal these ore Qenlifioble anc cleody defind $0 05 to fu1 the Put BenefitlestreqvireLI by the Chorities Act 2QK)6. Flnancial R•sgrv•T¥rg A minitnum Of£40.( wll b8 hekl. at am lime5. 0ng o &yeorresowce5 recovwy petrod followng o $gnificonl eApenclture trvent.
The Trustees are investigoting hh cost ry04tcts to imryovt the dotne5tic comfort of olnTrshi)use Te5idents. Rel¢rt*d P¢JrlyTransaclton During theoccovnbng period. ChcHr purch058d a washing rnachine forlnstrllol on use in cJlm5house number4. The purchase wos m¢Jde as on immeditsle Treed lollowng unexpected bretskdovffl ol the previous maCtrne. The Chorwas retunded by Qving Almshouse TtU5tand the IFaFb5actiOn i5 recorded in financial Sncp5hot torlhe Comrnitlee Meetino on 41h December 2024. which circuloled lo oll trustees ttnd di5CU55ed al the meeting. OVING ALMSHOUSE TRU TRUSTEES, REPORT IcoP[NUED} FOR THE YL4R ENDED 31 DECEMBÉR 2024 Trusl&•s responjlble for the accounts The Trvstees ore responsible for preparing the Annuol Report ond the financiol slalemenls in occordonce with applicable law and United Kingdom Generolly Accepled Accovnling Practice as it relates lo unincorporated charities. The balance Sheet and income and expenditure account which follow hove been piepored from the boo. vouchers and information produced and maintained by me and are in accordance therewith. 2ozS Anthony Easlwood Trustee and Treasurer I confirm that I hove reviewed the books. voucheis and inloimalion produced lo me and thot the finonciol stotement5 ore in occordonce Ihorewlh. Helen Thomp50n cnr Reviewing Accountont
oNG ALMSHOUSE TRUST TRUSTEES. REPORT IcoTrmNUED) FOR THE YEAR ENDED 3 1 DECEMBER 2024 Balonce Sheet at 31 De¢embew 2024 2024 2023 Investmenls (at currenl voluallon) NAACIF/M&G COIF/CCLA Total Current A$$el$ Bonk current account Deposit account Tolal assets 8,639 43,208 51,847 7.998 21,706 29,704 14,354 7.931 31.701 69.336 88,592 Total net assets 88.592 69.336 Capital Fund Opening balance 69,336 51.402 Adjustment to opening balance Profillllossl on revoluotion of investments Excess of income over expenditure 313 162 18,943 17.772 Bolonco £88,592 £69,336
OVJNG ALMSHOUSE TRusr TRusfEES' REpoFYr (coTrrriNUED) FOR THE YEAR ENDED 3 1 DECEMBER 2023 Income and expendlluie accovnt for the year ended 31 December 2tr23 2024 2023 Income Moinlenance contributions received Interest and dividends TV Licence refund Ifrom 20221 Advance repoyment- N. Smilh 23,140 2,542 22.680 1,646 15 500 Total 26,182 24,341 Expendlture Insurance 1,134 1,086 Repairs arjd Maintenance NAA Subscription TV licence Bank charges Recognition Gift 267 15 153 60 21 Total 7,239 6,569 Excess of Income over expendltule £18,943 £17,772