2024-12-31-accounts

REGISTERED CHARITY NUIRV¢: 22990B ofth•T uditod Fina lorthB Ywr b•T 2024 Drumrnond Al 1 Ftsr5t81 Ro Ayl8sford ME20 7AU

forth• Y•ar End8d P•go Roport ¢1 th• TI￿t 1 to 2 Statom•ntof Flnancial Acllvllle• 8a￿nCesheeI 6 to 11

ook & Drumrnon hous • Y•arEn r20 Thg tru9t88s preyenl tsr report with the flnarri81 statemonts of the charty for the ytsar •nd8d 31 De￿rnber 2024. The trustse3 have &Jopt8d the provisi￿8 of AccL)unting and Reporb"tvJ by ChariUe8.' Ststernent of Recommended Practice appluble to ¢h8ritte3 preparing their accounts in 8ccord8nce with the Finanaal Repotting Standard applrablg in the UK and Rwblic of Ireland IFRS 1021 l8ff•clNè 1 January 20191. OBJECTIVES AND ACTIVm&8 Oblecttve8 and alms Th8 charity was fomwd to ￿d8 low cost hO￿Ing for F>)or F¢fBon8 who aTO not1088 than $W ￿ year8 014e and who We￿ bom In. or have b88n An Inhabltantfor not than ten years of, the Parish of SntrJl8tsd. Kent The tru8tea$ have pskl due regard to guidan￿ bswj by the Charty Commission h deathro 4vhAt a¢Jvlkn lh• chaiity Should und$rtake. Publlc bgnofft In Managi￿ charTty advlleB and finances durtng th& finardal yt8r, thè Irustaets ￿Te wmfe, And had duè r•g¥rd to, th• Charty Ccfflml881)n's gu￿AnC• on publ1¢ ACHIEVEMENT AND PERFo￿NcE CharllAbl6 actEvlU•8 The truste8s are happy to rnport Ihat thè Eustac8 Hcd( and Drummond Alm8houses Trust 18 8UII vary mud) an onoolng concern. A building Insp&¢Oon was cathed out In 2024 %Mlh only a few minor r802mm8nd8Uon8 rpportsd. Variou3 1¥8ues ￿re found vAth extem&l 8tmW0￿ In th& Drummond bloth and repolnllng was carried and thg "I￿U r8 T&8olved. Th& guttws wor& deared and any rninordefocb were repalred as rgq(wtsd by th& 8uNwr. Tho r9￿￿1¥hMent of kltthons and room918 S￿11 on how a8 lh• rI￿dents ¢1 th• thl threè flats Still hawa nowh8r8 to stay dudrrfJ th• work. A8 most ol tho resldents ha￿ been In th￿r flats for a fow ￿r9 th• tru9ts88 lèl that a Iyan for Intsm81 dao¥8tiro to bg inat'gatsd during 2025 and Ihls18 In proceBg ol being c8rri8d OUL Tho Tntyf$ a¢¢ounl• arp Jtabkn and in a good condltion aTrJ ￿1 Ilat8 are ocCUp￿d and rnalnt8nanc8 chArg88 pal regularfy. Hopofvlly th& TN81 ￿￿11 go cfi for many yFars to come. FINANCIAL REVIEW Flnanclal posltlo Duriro the yeAr •nded 3181 D8¢ombw 2024, IM tharty o)IlectsJ cothbulbnB trom reBldents towarth the maint•n8nc ol the 8lm$h)LW 8m¢unting to £45,073 {2023.. £44,367) and generated other investmont Incom& of £13.333 12023.. £11.2911. Th8 total Incom& was £58,406 12023.. £55.8581 And of that 8mount £28.448 12023., fA7.9401 wa8 expended Iving o surplus of £29,958 12023.. suWu8 of £7,718) tor ￿ ye8r b&foro mowment$ on In￿￿ents of £5,695 8urplu$ I2￿13.. 8urplus 01£5,8571. ThIB unrea118ed 8urplus of £5.69S12023.' surplu8 of £5.6571 w88 f8¢x)gntyed in rwe¢t of the thartty8 IT8tsd Inv05trnant portlollo during tre year. T￿re no reallsed galn8 OT l)sse3 durkng the ye8r12023'. £nlll. Th• ovor8118urpluy forth8 yearwaB £35.65312023'. SU￿luS of £13,375). A8 •t 31st D•c￿ber 2024, the ch8rfty8 total emounted to £378,29)12023.' £340,637). The tru9tee9 a8sessod the malor rfgk8 to ¥thlc th& c•rty 1$ oxpoe•d 8nd are sal8fjed that $￿tern9 are In place to mltigat• •W$UTe lo the rngior risks. Res•pns pollcy It Is the pollcy ol th8 tharity to ummatsty malntaln Yr80' rn98N89 IbdrrfJ Ihat alémant of Unra￿￿#d fiJnd¥ which not fvnding fixexl ags•tsI of at I￿t on• yoals m81nbn8nc8 tx)ntdbuti¢n8 upffted to cover antiapaled expenditur• for th8 following year. As at 31st D8cemb9r 2024 tha frea res8Nes of the ctarty 8mounhl to £181,261 12023.. £180,333). The trusteas eonshler ihe do3lrYJ bvol (Wng roughly ￿u￿alent to 612023.. 51 years of wnning o)stsl 8nd growth of free regerves to be adequate, allowing for unplanned exFenditure. STRUCTURE. GOVERNANCE AND MANAGEMENT Govemlng docum•nt Th8 Is ￿ntrOlled by its gowming dtrwmort a de&a of1r￿t 8T￿ ¢￿sti￿jteS an uninccworated charity. Page 1

al Almsho for Y•ar Endèd 10ecember2024 REFERENCE AND ADMINISTRATIVE DETAILS R•gi¥t•red Charfty numbor 2299)8 Prfnclpal addr• 27 Hollow Lar￿. SnodlaTh Kent E8 5LP Tru$tQe8 DrA AshtEe Chair S WG Kingsbury Trttsta& Ms S L Shaw Trustee M$ VTipp Trustee Ms S Hellyar Trustee Ms A Cob$ Trustee IreswJn8d 5.1.241 P M Hl¢kmott Tnjstee D Toinwtt Tw$t¢e laFpointed 13.6.24} IndopendgntExamlner A M Reld FCA McLean Repj Ch8rtered Aco)untants 1 Forstal Road Ayl&sford Kènt ME2Q 7AU Apmgj ty order ofthe board oftrustees on 7 hpril 2025 and sb3ned on its behafby.. M8 VTipp- Truytsg Pag• 2

to thè TnMto88 01 AL- Independent examiners rnportto th• ￿￿tEa ol Eu•tace Hook& Drumrn(￿I PAemorlaJ Almshous• I report to thè ¢hwity ￿te8s ca rny exarnThWI"¢J) of ts acoJLnts of ELthz Hock & Drumtnond NIern￿la1 Aknth) {U Tru¥t) trthe yearen¢knJ 31 DecAts2W24. Re8pon8ibilitle8 and ba#1• of r¢ptsrt As the charity trustges of the Trwt you are respcrth ffix th& weparaticffi (rf the ￿(￿mts ui 0￿0￿18￿8 with thè requirements ofthe ChaFthsAct 2011 (Il Adl. I rem In re¥¢c of rny ex&nNiaion of ts Tr￿f$ ?>￿18 rArt urmler Seroft 145 of A¢i and in carrying out my examination I havB fc4bJvJ ￿1 t¥eLaicrn by Clwty Ccmlssp)n sodi￿ 14515Xbl of Ind•pondont•x•mln•rf8 slAtsnMnt I have cuweted rny examinaticffi. I that no rnatsrial rnatterB c4xro lo my In o)nneLcfi ￿th exam￿atiOn glvw me cA￿e to telth Ih8t kn wy matwial rw) ¢ountinq rwds wpre not wt In resFttt Of1￿ Tru SeLon 130 ofts A¢ or the accounts do Th)t ac£ord wth recJJrds." or thg ￿unt8 do Th)t with the aFWKable rw4Llr￿￿rts o)tK4mkvd Iho fDmi aTrJ o)ntent of a(>￿nts sat ¢ut thg ChariO68 lAtt￿Jnts 8ThJ Reportsl R&3uLqtions othw Ihgn rty]utrmnt Ihat the acwunts 4 true and rnt a m8ttfjr c£effjkJwvJ 88 M Of￿ I ha no concems and hawa ccrfne ￿ no Lts malte(s In ¢))n￿￿on wAth ts e￿nIn810￿ to 8tKuld" te drawn In reFKJrt in rthr to enable a pycw undernt8nthw oflh x¢)unts to te A M Red FCA McL•8n R•kl Charter&J Acc￿nt￿ 1 Forstd Road Ayknford K￿t ME20 7AU 8 Aprfl 2025 P¥3

mon Almshouse sts1•m￿t of Fin rthe Year End 1 Decernber 2 2024 UnrestTKted fur 2023 Total fv￿1 INCOME AND ENDOWMENTS FROM DonAlkin8 aTrJ cies 45.073 Inwslmenl Ir￿￿8 13,333 11,291 Tolal 53,4ce 55.e58 EXPENDITURE ON Charllxble 4¢tivifje8 Lr¥w cost housry Tot*1 28.448 47.940 Net gth ￿ Inv68tmen 5,895 5.657 .NET INCOME 3S,653 13,375 RECONCIUATION OF FUNDS Total fund8 bfwghl lon¥ard 340,837 327,282 TOTAL FUNDS CARRIED FORWARD 378,290 340,837 P494

rummond Momorial Al 2024 Un￿$trthd fiJnd$ 2023 Total fund8 ts8 AXED ASSETS Inve8bnents 195,029 180,304 CURRENT ASSETS Debtors Cash al bank 1.141 183.749 1,128 1￿2.811 184.6 183.939 CREDITORS Amounts f8lllno du8 wilhin on8 yegr 13.6291 {3.8cei NET CURRENT ASSETS 181,281 180,333 TOTAL ASSET8 LE88 cl1RRE￿r LIABILITIES 378,290 340,837 NET ASSET8 376,290 340,837 FUNDS Unrestricted funds 10 378,290 340,637 TOTAL FUNDS 378,290 340,637 Th8 finanual 8t8tem¢nt8 wère approved by Iho Board of TTUOtO&S and authortBed for 188ue on 7 Aprll 202S and were slgned ¢n fts bdh&ll by.. A A8hb8a- Twst¢e V T¥)p-ThJ8tee The notes form part ofthese finawal statsments Pap5

hou$6 Flnane d 31 Dee•mbtr for ACCOUNTING POUCIES Ba8h of prpparlng th• flnoncknl Statements Thè finanoal stat8m￿ts of the charity, whi¢h Is a p&)lic b8n8fit enlty undor FRS 102, have b9en prepared in accordgn¢¢ the CharfY&¥ SORP IFRS 1021 'AceounYn9 and Repo￿r￿ by Charitie8'. Stathent of Rwnmended Pracbcè to charik5 prepariTrJ th@ir ¥counts In attordance wth the F￿and91 Rapoiting Stsndard appllcabb in the UK and Republ￿ of Ireland IFRS 1021 leffectiv8 1 January 20191,, Finanrial Reporb"ng StsTrJard 102 Tha Financial Repotting Standard applicabkg in th8 UK and RewblK of Irdand. and the. char￿8$ Act 2011. The ffinando18tgtements have been prepared vnder the historical cost ¢onwnbon. with the oxc8ption of investments Vdhi¢h are ind￿ded at mathet valu8, as Modi￿ by th8 ravalu8Oon ol certaln assets. No rnaterfal unrkrtalnt￿s that may ca81 ￿Qnth¢an1 (bubl ab￿t the AbiNty of th• ts)ntlnu8 88 a golng ¢on¢em have been thnuflad by tre t￿￿. The charfty has taken advantag• of lh8 folknwThJ dlsck)sura 8xamptions In preparlrvJ thw finan0￿ 8tatements, a8 Pomitted by FRS 102'Th¢ Flnancial Reporbro Stsndard applubl8 in the UK and Rapubl￿ of Ireland,: th8 requlr•ments ofsection 7 St8tomenl ofcash Fl(AvB', the requlrement ol par89r8rA13.17ldl,' the requlrem•nts of PBra9raphs 11.42. 11.44, 11.45, 11.47, 11.4810llilll, 11.4818XfvI, 11.48(bl and 11.48lcl', the requirements ol poragraph8 12.26, 12.27, 12.29lal, 12.29(bl and 12.29A', the r8qulremont ol paragraph 33.7.. the requlrgmenl of paragraph 24lbl of IFRS e. Ineom• Malntenan¢> ¢oMlbuUons frorn rask18nts are recffjn180d a8 Incor￿ when reeaived by the tharfty. Grants, donallon Incom& and kncome from InveBtsnont8 arg re¢ognLged r￿b￿. Exp•ndltyr• 18xp8ndltur8 18 occounbs for an awuals baBls. ExpendlbJr• la to cml ¢xtsgorlgs ba••d on th& amount attrbutsbb to that activty In th8 yèar. lffecoverable vat18 allo¢alod ag￿n8t related exp•n￿. T•ngibl• flx•d I•￿1• Tarylbl& fixed aBsets Ilndudlrg 8¢clal hou81ng properfesl ar• 8tatod at ￿8t The c4)81 of hO￿Ing PTCP8rtJ88 includ68 the following.. 11. D•vebynent exFenditure. Induding major 8trucbJr81 Tafv￿lshm•n1 work8. 21. Amwnts equd to acqulU¢n and developyrnnt ollcx¥ane•8 recèNable. Th888 costs arg elther tenned 'quali￿r￿j c08ts' for thè 8PPToved houglng 888odAtlon $thome8 and ar• consklared for mtxigaga loans by apprcprral8 l&ThYlng 8ulhoritss, or are rnet out oltha th8rity'8 rtrserves. The cogt of aqulrtng th8 chariV8 housSng land buikyings, ho￿￿r, o not included. Tile to the alm8hou88S vested in the charity undeT th& t8mis of the trust de8d8 dated 30th July and 10th rnay 15N. the charfty h88 therefor8 never In¢urrwJ any cost in acqulring its land and t￿ildI￿8. Tha co81 of houslng and and buildings i dopreaatsd over the Feriod to 2023. tho tru8tee8 CO￿￿10r thls to t• 8 re8gonabk8 raffacbon ol the exFed8d u88fiJl Irf¢ oflh$ dpvekjprnent cost Hov3lng ple￿rt￿? In thng￿e llxed a588ts yo￿aed at d￿Med e08t #t 181 January 2014. Toxaoon Th? d)8rity B exempt frcrn tsx on CharItab￿ Act￿1￿6$. Fund aCCoun￿n9 Un￿8¢nCted Jnds can b& u8ed in accordanc• witr caritable oblecbves atth¥ dinCret￿ of th8 Iruslegs. Re5tdcted fijnds eAn only ￿ used for par￿￿￿8r reBtricted purposes within the objects of the charity. Re¥lr** Arfgèwhèn 3pwified by th8 donor orwhen fvnds are raw lor paiticular restrlcied purposè8. Furthereyplanathx ofts na￿Te 8tKI purposg ofeach fijnd is incfudad In n¢tsB to th& finaneA81 statements. PaJe 6 Crjntin￿...

forthey ACCOUNnNG PoL￿lES. conllnu•d lrnpalmi•nt off￿1 a66•ts At each rep￿tir9 date. the carty Te¥1￿￿ Ihe carryty Val￿ of ts t8ThJt4e assets to det￿In• wh8tFpr there 15 any indicatKJn that th￿ assets ￿ffe￿I an wnr4irn￿nt bss. W any su¢ exists. the recmrable arncwjrrt Of￿ a¥se¢ k8eth8twJ In (Yderto d8tem11￿ theexni tsfthtr lrfaryl. INVESTMENT INCOIE 2024 2023 Incomo cfi In¥mtrMnt hMJ Dep¢81taccount interegt 7,￿1 8.272 6,510 4,781 13.333 11,291 IfrXEPENDEKf EXAAIINERS. REMUNERATThI Th• •Mlents 0￿118 f•0 15 £2,C¥l) P023'. £2.CQ)I. TRU8TE&Y REhWNERATION AND BENEFITS Th• ¥ery•l8ry [•# ts her wts￿ to £1.78912023'. £1,789). There vMr• M trw•s •4)Yo0s pgY fty tr 5or 31 DrKernt￿ ￿￿4 Tr)r th& y•Ar •rd8d 31 ol￿ARATIv&8 FOR THE STATEIIENT OF FINANCIAL ACTMnE8 Unrgglrfct•d ftJnd8 IIICOME AND ENDOSWEPIT8 FIIOIA [knatiC￿ aTrJ l•gao•s 44,387 In￿1￿￿1t Inccfft• 11.291 Totsl 55.85e EXPENDtruRE ON Chrltsbh aetivlllB• Low o)st howryj. 45,940 Otrr 2.C(JO T)tl 47,940 N•tg8ix cn inve5tinert 5,657 NET wcome 13.37S RECONCIUATION OF FUNDS Totd fvnd5 Ixowt foNMTd 327,262 TOTAL FUNDS CARRIED FORWARD 340.637 P¥7 contknu*l...

Nol•• tr th• Flnanelal End•d 31 nttn TANGIBLE FIXED ASSErs Freehotd property At 1 January 2024 a￿1 31 D￿￿nber2l)24 . 538.178 ' DEPRECIATION At 1 Jaryjary 2024 ortty 31 De¢xnber 2024 538,176 NET 800K VALUE AI 31 Del￿￿￿ 2￿24 Al 31 D￿ember 2023 At thè bH￿nce she8t dats, ts Chanty prcpty ¢ontthgJ tsn121J23.' ton) (hdling unb. AJI ton un were in use thmughcrtrt Ihtr yeortr the on& prhwè a• olthe charty. o)stofacquiriw th8 thariws and buadtrv in lh8 •tth?. Ttts to tho i1￿31f•￿ in ts chwty Lwbjer th 18rn5 of th8 tr￿t tjabj Y)th Juty 1￿10 and 10th may 1904. rjwity h88 Ihw•forp rebprln¢>JT&J o)st In wklng its Lgnd and bu&JlrvJ8. FIXED A88Ef INVE8TMEiirs inNe81ments MARKET VALUE At 1 January 2024 A¢Jrfo RevaluaOcfi8 180,304 9.030 Al 31 D¢cffi)ber 2024 195,029 NEf BOOK VALUE Al 31 Lkntlryr 2024 195,029 At 31 DKrtw2tr23 180,304 ¢￿t orV8lUath￿ at 31 L)8c4M￿r2o24 by.. Valuat)n h 2023 70.133 124.898 195.029 Lisbj w1￿$trn￿ 8r8 val￿d ai c4c*lry mhj mwk8t vakn at the bslarth sheot dth. the h15trfflc4 0)st of f￿ad 89gets 1nwstrr￿ts n £124.8￿ {2023: £115,￿). Material In￿kn￿nts {&)n￿l5￿ rn than 5% of the share pJrtk4K) by vathl at the sha8t dats ￿ere as fc4kths'. ma￿etv81 M&G Chority MU￿. A&qet FuThJ AcuJmulatK)n Unrf Blackrod( char￿8$ UN Eouty FurKI A A(XXrnULq￿ UnNs BlaGkrod( Ch8riiM UN 8ond Fund APLK7Jm￿aticn Unfts Blackrod( charit￿ UN Equity FuTrJ A Income 116,658 86,021 8,089 linwj...

Eu81Ae• Hook & D fNth•Y ed 31 Doc•rnber2 FIXED ASSET INVESTMEiifs • conlinued BLqLrct4( Charfties UN Bond A Irr£M . 2W2 DEBTORS: AIAoupifs FALu1￿ DLE OIE YEAR 2023 Accrued Incc¢ne Prwirnents 1.1(e 1,128 1.141 1,128 CREOITOR8: AIft)UIITS FALLINO DUE ONE YEAR 2024 2023 0th8rcrndtor8 3.829 3.￿6 10. MOVEMENT IN FUNDS At 31.12.24 A11.1.24 fuTrJs Unro•trlct•d IUT Generd lund 340,637 376,290 TOTAL FUNDS 340,637 376,29J Ngt mownent wi ￿rK*s, Ir￿4￿1¢1￿ fc4kyrt.' Incr4nirKd Galns ar¥J In Unrv•trlcl•d fund• G8n8r81 fund 128,448) 5,695 TOTAL FUNDS 58,4C 128.448) 5.695 35.653 Comp•rnilvH for mo¥•m•nt In l￿dI Tran8kn At 31.12.23 At 1.1.73 in fiJTrJ8 lthmtrlctsd fun G8n8ral a33ets fuvj In¥BStm￿tfUTrj O￿orfUnd 142.378 .20.105 (3,5621 12.027 {15.19SI (2.19J) 160,333 186.127 15.195 2.150 180,304 327.tr2 13.375 340,837 TOTAL FUNDS 13.375 340,837 PaJ8 9 0)non￿d...

ASmshou8• Notsslo th• Fknekl S forth• Y•ar End•d 31 10. IIK)VEMENT IN FLVIDS. IrvxfflwvJ kn fvnd8 Unre•trl¢tsd fvnd• Ge￿ra1 fund d asset8 Investrn8nt Other fvrtd 49.288 (29.1831 {3,5821 20,105 13,S821 12,(Y27 115.1951 6.370 5.657 115.1951 147,9401 5,857 13,37S TOTAL FIJNDS 147,9401 5,657 13,375 A currgnt yew 12 mcfitr 12 mc¥th pc4kn IJ as fc41¢M Tr8nyfevs b8Mn funds At 1.123 In bjndb 31.12.24 Unrntrtct•d G•n8ral fun Fix&J ase•t¥ ftnd Investment fvnd Ot￿rIund 142,378 ,758 13,W 12,IY27 {15,1951 12,1801 195.988 186,127 15.195 2,150 180,XJ4 327,282 49,028 378,290 TOTAL FUI 327.282 49,028 378,290 A ojrrnnt ￿ 12 mcth And y•w 12 morrtlw combh&J Mt mobwient In hcknad In tha abcw • aB foll Movèm8nt nd8 Unr•8trktsd fund• General fuThJ Flx•d as8819 fLmd Inve5tsnent fund Other fund 107.ts4 157,6311 13,5821 $5,758 13,5621 12,027 115.1951 370 5.657 115,195) 114. (76,388) 11,3S2 49.028 TOTAL FUPLIS 114. (76.388) 11,352 49.028 Otsr fU￿j . t￿& Trlgts to a grant Ik¥t t8•tsJ in 21YM. w•$ bwry Trtten (Jcr•m on o 8traight b85ig to 31$1 December 2023. fixed as8éts. Th• carity rnaintsiM r•a•r%es the tr￿%￿￿$ qngurè Fryer mabrtenarK• and 10 continua...

coHook&D Almshouse d M•mortal al Statom•nts- ¢ontlnu8 forthè Year En 11. RELATED PARTY DISCLOSURES Note foureyplalns th8 rdatad parfls¥ tra￿88¢tkjn• In 2Q24 and 2023. PèJ811