ST JQHN'S ALMSHOUSE CHARITIES TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Charity Number: 230417 ur, 11 11 llll 11
ST JOHN'S ALMSHOUSE CHARITIES Contents Page Legal & Administrativ8 Infom*tion Trustees Annual Replyt Independent Examln8fs ReFKKt statement of Financial Activittes Balance Sh•et Notes to the Financial Slatemants 8-13
ST JOHN'S ALMSHOUSE CHARITIES LEGAL AND ADMINISTRATIVE INFORMATION Trustsos Mr M G Baker MBE copted Trustee- Chaimian Revd J A Randall Ex-off10 Trustee- Rector of the Parish of Huntinon Cllr A Blackwell Trustee nominatad by Huntingdon Tovm Council Cllr J L Taylor Trustee nominaled by Huntingdon Town Council Mr A Butler CTropted Trustee Mr L Button Cfropted Trustee Mr R R Deannan Co-opted Tnjstee Mrs E Irving Ccpopled Tnjstee Mr T P Johnson FCA Ccwiled Trustee & Treasurer Mrs D Peacock Cctropted Trustee Mr C F Saunders CTropted Trustee Mr M P Westcott-Rudd Ctropted Tfustee Charltablè Ststu$ st John's Amshouse Charities is an unincorporated tharity registered in England. number 230417 Prlnclplo Addr88• The principl8 address of the Charity K$ 27 Hartford Road, Huntingdon, Cambridgeshiro, PE29 3RE Bankers National Westminster 8ank plc, 92 High Street, Huntingdon. Camt*vJg8shirn, PE29 3DT Ind•pend•nt Examlner Mr D G Croker Retired Chartered Acc4yJntant 5 Willow Close. Brampton. Htsnt1ngdC. Cambridgeshire. PE28 4RJ Sollcltor5 HCR Hewitsons. Ein House, Billing Road. Norlhaiwon, NN15AU Clerk to the Trustees Mrs B Howells
ST JOHN'S ALMSHOUSE CHARITIES TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Oblectlves and actlvltl•s for tho publlc bènèfft The prlnclpal object of the ¢harity is the provisk)n of almshouse a¢(xxnmodatton for singl8 women who by force of circumstances and resources. are in need. Pri(ty is given to women reside in Huntingdon, and tt is this group of people whith fomis the basis of the Publ benefft provided by the ¢*tty. The charity carries out its oty'ectNes by.. maintaining the external and intemal features of the eight residential h(MJses in George Streec Huntingdon. in a secure and habitable state. and advertising empty acc(xnmodation to relevant i1 a9encies. and reviewing the condith)n of the properties. and carying t capital work$ after sec#Jring approprlatts Jnding. The Trustoe$ confim that they have referred to the guidance o)ntained in the Charty Commlsslon's gènèral guidance on publlc benefft when reviewing the Trust's aims and ObltIves. and in planning iirture activities. 8tructur8, govornanc• and managorn•nt The charity is an unincorporated chanty managed by our Trustee Goveming Framework Manual dated 12 November 2012. and re181ing back to the Charity Commission S¢heme D(Mnt dated 28 Oclober 1969. The trustees comprise 1 exvofficio trustee is the current incumbent of the Parish of Huntingdon. 2 nominee trustees from Huntingdon Town CnCil and a maximum of 9 other Intee5. and any now trustees are appolnted by the existing Trustees. Where there Is a c(xJpted trustee vacancy, the remaining trustees enijeavour to recruit a trustee wtth relevant experience. skills and an empathy with the otlacts of the charity. As part of thelr Induction, new trustees are provKled wilh a copy of the Trustee Govemlng Framework Manual. the Residents Handbook. and various othor relevant doujrnents to anab tham to gain a full appreciation of thew duties and obligati¢Jns as a trustee. The Trustee Goveming Framework Manual contains the charity's policies for trustee induction, risk managemenL investment policy and management of surplus funds. The trustees meet on a quarterly basis to review Ihe rM)sition and a stsndard agenda Is adopted to ensure that all matters are covered. The day to day administration of propety management and residents issues is delegated to the relevant sub-committee, in conjunction with the to the Trustees. but all major decisions are either approved or ratifi8d at a full trustees meeting. The sulFcommitlws are: Residents. sutpcommittee. Buildings svlFcommrttee'. Finance SU0MMIttee. Icontinued on pag8 3]
ST JOHN'S ALMSHOUSE CHARITIES TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 (contlnued) Strueturni governance and management (contlnued) The charity is a member of tt)& Almshouses Association which offers assistance, advTh, guidance and encouragement lo the numerous almshouse trustee bodies to enable them to provide sultable accommodation for people in need. The Association also represents these charities wfth the Charty Commission. Homes England. and th8 ReguLatcK of Social Housing, the Land Registy and other Govemment departments. Achl&v•rn8nts and porfomiance Our residènts are thriving and happy. Having lost two residents duriry 2024, {no$ 5 and 8), we havè galned two to take up residence in those houses. One lady at no 5 sadty died and the other at no 8 moved to a care home. Durlng lh8 course of the year. we hav8 rtrd8ccKated and repaired, where nSary for the fyvo new ladies to take up residence. All the Almshouses have h8d new front doors frtled. These doors are stronger and of a higher standard lo the previous doors that did suffer in the heal. These are now a light green rather than bia¢k and the residents Ihoroughly approved of lh8 change. Furthermore, the building work started on the area behlnd the Almshcmjses dudng 2024 2nd the planners. Vistry, h8ve begun the re-building of the externr bcmjndary walls lo the Ajmshouses. This is due for compl&tion by the end of April 2025. The Trustees Invllod Iho resldents. plus a gues( to the Sl George's tea paty at the Town Hall in May. The few that were able to attend greatty enjoyed the event. The Chalman and Clerk made regut8r vists to the residents. w¥)sty of a sodal nature but also when assistance was required. The visits are to ensure their well-being as well as to remlnd them that we are availab to be called on rf necessary. Two of our Trustees also make regUr visits of a similar nature. Residents receive cards and fiowers on Iheir birthjays and canls at malor festivals including a Sainsbury's voucher at Christmas. Al the end of 2024 there were 12 ex-off10, TMinated and cwted trustees, leawng no vacancies for new trustees. The trustees are committed to haNllng a Board of Tte8$ wth varied but complimentary skills to benefit our residents and the Charity. The trustees maintained their awareness of their own perf0mnCe frarnew estsblished in 2015 as follows.. To maintain a hyh level of attendance at trustee meetings and thks was not at 80° To ensure a minimum of 4 qu8rtety meelings and this was athieved in 2024 To confi trustees compliance with its own Trustees Governance Framework Manual. any requirements of the Almshouse Assock9tion. and regulators. The Charity Commission. This was brought up to date, as required, and also through the nomial prrKess of management. There was no evidence of non- comp1Mn. I¢nU Im p¥ 41
ST JOHN'S ALMSHOUSE CHARITIES TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 (continuod) Flnanclal revlew The charity had 8 Suctessful year achieving a surplus before transfets of £7.947 (2023- surplus of £37.789) and the outstsnding loans were reduced by £12.04012023 - £13.139). The trustees prepare an annual trAJdget and the results were in line the expecled results. as the budget figures included major expenses estimated at £19.000 for replacement doors and outside redecoration. The budget for 2025 shows the surplus being increased back to eX[ded levels and gfves assurance to the truste8s that the charity continues to be a going concem the next 12 months. Durfng the year a new bank account was establlshed to retsin the restricted fijnds for whlch no separate bank account had been held previousty. fIrSY for the Extraordinary Maintenance Fund and secondly for the Peman&nt Endowment Funds held as per note 13 all 8 properties in the years ahead. The SpeCt8 balances held In these accounts at the year erKled were £9.137 and £2.084 respectivety and are shown at note 9 to the accounts. Ro8olVO8 The Injstees Frf)Iicy i8 to ensure that Ihe charity has suffiuent reserves to protact against reductions in Income, unexpected Increases experKlitur•, and to takè advantage of new opportunit. The reseNes will b8 used to support the Gharty's aims arKI obieclives. and any expenditure to ba drawn from the reserves will require trustees approval. and the level of reserves be reviewed annualty by the truste6S. As regards specific reserves, the tharity wlll mainlain a minimum of £30,CMX) in sffic reseN88 at 811 times. Specific resetves held at 31 December 2024 tre in excess of £55,(X)O. As regards free reserves. the charity will maintain a minimum of £10.000 In free reserves and free reserves are defingd as the amount of unrestncted funds that the charity holds above Tts operating costs and designated funds. Free reseNes held at 31 December 2024 were in excess of £13,1))J.. Trustees, responslbllltlès In r•latlon to the flnanclal stat•m•nts: The trustees declare that they have approved the above trustees. report. Signed on behalf of the Trustees: Mr M G Baker MBE Chairman 22 September 2025
ST JOHN'S ALMSHOUSE CHARITIES INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ST JOHN'S ALMSHOUSE CHARITIES FOR THE YEAR ENDED 31 DECEMBER 2024 I report to the trustees on my examination of the charTVs accounts of the charity for the year ended 31 December 2024 which are set out on pages 6 to 13. Responslbllhles and bas18 of report As the charity's trustees, you are responsible for the preParan of the accounts in accordance with the requirements of the Charities Act 2011 {the Acti. I rèport in respect of my examinatM)n of the charitys accounts carried out under section 145 of the 2011 Act and in carying out my examinatson I have folh)wed all the applicable Directions given by the Charity Commission undèr section 145(5)(b) of the Ad. Indapond•nt •xamIn0$ statsmont I have complèlod my examination. I confirm that no material matters hav8 come to my attention in connection wlth th8 8xamin8tN)n. gNing me causo to believe that in any material respect.. accounting records wèr• not kept in respect of the thaiity as required by tiOn 130 of the Act,. or 2. the accounts do not accord wrth those records: or 3. the accounts do not compty with the applicabl8 requements conceming the fcmi and content of accounts set t in the Charit$ {Ac¢>)unts and Rep(ts) Regulations 2008 other than any requirement that the attounts give a 'lrue and fr view. whth is not a matter consHlered as part of an independenl eXaMinatn. I have no concems and have Come across no other mattets Ai oneOn with the oX8mination to which attention should be drawn in this report to enable a prnper understanding of the accInts lo be raach&d. D G Croker Retired Chartered Accountsnt 5 Willow Close Brampton Huntingdon PE28 4RJ Date: 22° fyl>o2J
ST JOHN'S ALMSHOUSE CHARITIES STATEMENT OF FINANCIAL ACTIVTfiES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Totsl Funds GÈn•rnl Fund Designated R•strict•d Funds Funds Total Funds Incomlng resourc•s {Not• 2) Incomo and and0•nts from: Charitable aclivrties Grants & donations Bank interest receNable 51.222 10,000 737 51.222 10,OIJJ 3,244 46.573 12,500 1,957 2.209 Totsl Re8ourc•$ expd•d INot• 3) Expgndltur• on: Charitable activities 156.519) 156.5191 (23,241) Tolal N•t Incom• l•xp•ndltur•) 5.440 2.209 298 7.947 37,789 Tran8fors b•tween funds (3.680) Nel mov•ment In funds 1.760 5.209 978 7.947 37,789 Roconclllatlon of funds: Total funds brought forward 889,117 49.240 10,244 948.601 910,812 Tolal funds carrled foThvard 890.877 54,449 11.222 956.548 948,601 The ststemenl of firnal actNities includes all gains and k>sses recognised in the y&Y. All income and expendfÉure derives from continuing actrvibes.
ST JOHN'S ALMSHOUSE CHARITIES BALANCE SHEEf AT 31 DECEMBER 2024 2024 Total 2023 Total G•noral Deslgnated Restrlctod Note Fund Funds Funds Funds Funds Flxed asse1• Tangible assets 872.040 872.040 876.480 Currnnt ass•ts Debtors Cash at bank 5.714 67.322 73,036 128 $4,321 54,449 5.842 132.865 138.707 t1.222 11.222 133,528 139,072 CrltOrs". amounts falling due Wlthin on¢ year (12,9)1) I12..1) (12,795) Net curr•nt 488•ts 60,135 11.222 125 806 126.277 Total assets1•88 cUrrt Ilabllltles: 932.175 54.449 11,222 997.846 1.002,757 Credltors: amounts falling due after one year {41.298) 141.298> 154.1561 Total n•t a•set¥ 890 877 956 548 948 601 The lunds ofth• charfty.. Unrestricted funds: General fund Designated funds Reslricled funds 890,877 890,877 54,449 11.222 889,117 49.240 10.244 54,449 11,222 Total charlty funds 890,8n 11222 956 548 948,601 The notes on pages 8 to 13 fomi part of these aCcolS roved by the Trustees on 22 September 2025 and slgned on their behalf by.. M G Baker Chalmian of Tte•S T P Johnson Trustae l Treasurer
ST JOHN'S ALMSHOUSE CHARITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 1 Accountlng pollcles 1.1 Basls of accountlng These accounts have been prepared under the historical Cost c£ventIon wllh ilems recognw at cost or Iransadion value. unless otherwise stated in the relevant notes to these accounts. The 8ccthJnts have been prepared in ac(x)rrl8nce wth the Ststement of ReLrnmended Practi. Accounting and Reporb'ng by Chartties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Irela1 (FRS102) issued on 16 Juty 2014 and with the Charities Act 2011. The chadty has taken advantage of the provisions in the SORP for charitbes applying FRS 102 Updatè bulletin 1 not to prepare a Slalement of Cash Fh)ws. 1.2 Funds structur• Restricted funds are funds which are to b8 used in accordance wilh spectff restrictions imposed by the donor or trust d88d. Unrestricted fvnds comprise those hjnds which the trustees are free lo use for any wrpose in furthèrance of the charitable objects. Unrestricted funds comprise the general fund, and also the designated fund where the trustees, at their discretion, have created a fvnd for a specrfic purpose. 1.3 Golng eonc•rn The accounts have been prepared on a going tcern basis as the trust8&s believe that no material uncertainty exists. The trustees have Considered the level of funds held, and the expected levels of income and expendf(ure for 12 months from approving these accounts. The budgeled income and expenditure is sufficienL logether wth the level of res8Nes hold for Ihe thanty to be abb to continue as a going concem. 1.4 Accountlng •stlmats8 No changes to accounting estimates have occurred in the rewting period. 1.5 Incom• Rocognltlon of Income These are induded in the SLgtem8nt of Financial Activities when: the charty becornes entitled to the resources. rt is more likely than not that the trustees will receive the resources. and the rTh)netary value can be measured with sufficient reliability. Offsettlng There has been no offsetting of assets and liabiltties, or inc(8 and expenses, unless required or pemiitted by the FRS102 SORP or FRS102.
ST JOHN'S ALMSHOUSE CHARITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 1.5 Income (contlnu8d) Grants and donatlons Grants and donations are onty induded in the SOFA when the 98neral income reccyjniknon criteria are met. 1.6 ExpendltuT• and Ilabllltl•s Llablllty ro¢ognltlon Liabilrties are recognised where it is rrK)r& likely than not that there is a legal or constructive obligation committing the charty to pay out resourc8s and the amount of th8 oblalM)n can be measurod wrth r8asonable certainty. Gov•rnan¢o and support Costs Govemance costs comprise all costs Involvlng public accountabilty of the charity and its compliance with regulation and practice. There are no material support costs incurrad by the chanty. Dofgrred Incom• No materlal Item of deferred Income has been induded in Ihe aCcnts. 2 Analy81s of Incom• 2024 Total Funds 2023 Total Funds Gonernl D••lgnat•d R•strlct•d Fund8 Funds Fund8 ChaTltable Actlvltle• Weekty malntsnance Contributi1$ 51.222 51,222 46.573 51.222 51,222 46.573 Grants & Donatlons Grants Total 10.0(K) 10.C 12,500 Bank Interest recelvabl• Interest Total 737 737 2,209 298 298 3,244 3,244 1.957 1,957
ST JOHN'S ALMSHOUSE CHARITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 3 Anatysls of expendlture 2024 Total Fund• 2023 Total Funds Unrestrlcted Fund$ Incom? Funds Endowmont Funds Expendlture on charllab actlvltl•s Property expènses: Rapairs and maintenance Gas boiler maintenance Replacement Do)rs Quinquennial repairs Void propety repairs Insurance Depreciation Legal & professional costs 2.925 2.554 16.250 11.840 6.144 1.499 4.440 2.180 2.925 2.554 16.250 11.840 6.144 1,499 4.440 2.180 6.645 1,154 1,428 4,440 822 Intert and flnance costs: Charity Bank HlnGhingbrty)ke FOundatn 3.960 3.960 4,705 19 Rèsldents cosls: Television licences Residents support 38 378 52.208 38 378 52.208 37 401 19.651 Governance costs Meeting expenses Subscriptions Posla9e and slatlonery Training & ITavel expenses Miscellaneous expenses Clerk's fees {80} 385 91 210 13 3,692 4.311 (801 385 91 210 13 3,692 40 231 115 66 18 3.120 Total charltabl• actMtI8s 10
ST JOHN'S ALMSHOUSE CHARITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 4 Tanglble fixed assets Land and Equlpm•nt Bulldlngs Total 4.1 Cost Al 1 January 2024 Additions DisFwIs Al 31 December 2024 912,000 4.960 916,960 912,000 4,960 916,960 4.2 D6pr•clallon and Impalmi•nts6 Basis Straight line Rate 0.75% Straight line 25% At 1 January 2024 Charge for the year At 31 December 2024 35.520 4,440 4.960 27,160 4,440 4.3 Net book valu• 310ecember 2024 31 December 2023 876,480 876.480 The freehold land and bulldlngs were valued al £912,000 on 11 January 2011 by Westley & Huff, Chartered Surveyors. This value has been adopted as the deemed cost of the assets concemed on transition to FRS102. There was no comparable cost or depreciation or net book value prior lo the capital development costs incurred in 2010 and 2011. Land and buiklings includes land valued in 2011 at £320,000 on which no depreciation ch8rge is made. S Analysls of débtors 2024 2023 Weekty malntenance contributions due Grants receivable Prepayments and accnjed income 1.612 2,500 1.730 5.842 1.614 2,500 1,430 6 Cash at bank 2024 2023 General fund - current 2CCCAJnt General fund- business reserve aCCnt Designated fund (Income protection)- deposrt account Designated fund (Boiler replacement) - desX)sit accwnt Restricted fund - deposrt ac£ount 15.791 51530 45.936 8.386 11.222 132.865 33,602 50,794 44,036 5.096 133.528 11
ST JOHN'S ALMSHOUSE CHARITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 7 Analysls of credltors Amounts falllng du• within on• year Amounts falllng after more than on• y•ar 2024 2023 2024 2023 Creditors and accruals Bank loan 755 12,040 12.857 4'1.299 54,156 The bank loan Is secured on the freehold property. 8 D•slgnated funds Incomo Protactlon Bollor R•pl Total Balance 1 January 2024 InleTest Transfers during the year 8alance 31 December 2024 44,115 1.899 5,125 310 49.240 2,209 14 9 Ro8IrfGl•d fund8 Pernia. Extra- nenl ordlnary Endow- Malntenanc• Mont Total Balance 1 January 2024 IDlerest receivab Transfer during the year Balance 31 December 2024 8.160 298 680 2,084 10,244 298 680 2 084 11 222 Further deLqils regarding these two funts are shown at Notes 10 & 11 respectNely
ST JOHN'S ALMSHOUSE CHARITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 10 Rostrlcted fund The Exlraordlnary Maintenance Fund increases each year by £680 in accorrlance with the Trustee Govemlng Framework Manual ol the tharity. to pYovKle a fund for major capital expenditure which may become payable in the future. 11 Endowment funds These relate to the remainder of fijnds vthen a number of tharities were consdrdated into this charfty many years ago and comprise the following: 2024 2023 The charity consisting of part applicable for purposes not educalional of the St John's Hospital and Grammar School Foundation Richard FiShuMa.$ Charity John Bardolph's Charity Robert Cook's Charty Thomas King's Chartty George Raltt's Chaity 750 130 750 130 180 300 180 180 300 180 12 Analys18 of net assots between funds D•slgnal•d EThdtsnt Total funds funds 2024 nd Fixed assets Current assets Current liabilities Creditors due in more than one year 876.480 79.588 112.795) 876,480 139,072 112,7951 49,240 10,244 49 13 Taxallon The chanty is exempt from tsx on inccffne and gains and so no lax charges have arisen in the charity. 14 Related party transactlons All trustees gNe of their time freety and no trustee remunernti(x) 1$ paid. In the year2024 a totsl of £11 was reimbursed to 1 trustee {2023 - £109 reimbur to 2 trustees).