Charity registration numb¢r'. 23321M Coxedd and Pearce and Kimbers Almhouses Charity Atmual Rep)rt and Financial Statements foi th¢ Y¢ar Endd 31 December 2024 UHY Ross Brook Chart¢red Accountants 318 Charnham Str¢et Hung¢rfoTd Berkshire RG170EJ
Coxedd and Pearce and Kimbers Almhouses Charity Contents Refer¢nc¢ and Admillistrative Details Trustees, Report 2to3 Statement of Trustees. Responsibilities Ind¢pendeni Examinels Report Stai¢m¢ni of Financial Activities Balance Sheet Notes to the Financial Stst¢ments 8t014
Coxedd and Pearce and Kimbers Almhouses Charity Reference and Admlnlstratlve Detalls MT Peter Greetthalgh Chairnwl Mr5 Sally Miles Mrs Jill Wilson Ex-officio member Mr Stuan Durrant Mrs J¢nnif¢r Evans Mr Anthony Hadwitk Mr David Griffiths Charlty Registration Nun)ber 233204 PriD¢ip*I Offi¢e 47 Meyriek Driv¢ Newbury Berkslllre RG14 6SY Pag¢ I
Coxedd and Pearce and Kimbers Almhouses Charity Trustees, Report Th¢ trnst¢¢5 pr¢s¢nt the wiual i¢port together with the financial ststements of the charity for tbe year endcd 31 D¢¢¢mber 2024. ObJettlve8 ietlvlties Objects ond alms Th¢ ¢haritabl¢ obj¢¢ts to pr(Trde Almshouses for poor persons of good CharaCr who have resided ID N¢wbury, W¢st B¢rk5hire for not less than two years next preceding the items of appointtnent. Obiertives, strntegies olld 4rtivil¢es The Trustees have in¢lud¢d th¢ Aimthouse prop¢rti¢s within the accounts at their reinsiatemenl value whi¢h in their opinion is a close approximation to tnarket val. Public b¢nefil The objectives and 8Cttvities desLYibed above detail th¢ rnain activities undertaken to fiuther the charity, purposes for the public benefit. The twst¢¢s confirni that they have complied with ihe requirements of section 17 of th¢ Charities Act 2011 to hav¢ due regard to the publi¢ benefit guidance published by the Charity Commission for England and Wales. Achievements aTrd peTfornunce As part of our ongoing project to reduce energy Consumptio new frotti doors v¥¢r¢ installed at 13 almshouses at a ctsst of £26k. Th¢ old wood¢n dooTS were 85 yeaTS old. FiDaDcial review Policy r¢serves The charity rnaintains the extraordinary r¢pair fund for large one off expenses. The chan.ty seeks to nrdintsin Si1[]cant funds to meet future ¢xp¢ct¢d ¢osts. Plans for future perlods Aims aNdkey objeclivesforfuthreperiods The Trustees will continue to improv¢ th¢ care of ow residents by regular maintenance of our buildings and gmunds as well as reviewing the ability of r¢sid¢nts to lÈve indepet)dently. Flood barriers have been acquired in 2025 as a precautionary measure to pr¢v¢nt water from the KenDet & Avon Canal enterKn8 Kimbers Altnshou5 grounds. The TrustKs 71] b¢ inv¢sting in batteries linked to solar panels to reduce energy costs. StrnctsTe governance and management IV471ure ofxoverning document The charity is eontrolled by its gov¢rning do¢um¢nt, # d¢¢d of trust, and constitutes an unincorporated charity. Recrmilmenl •Ynd ppoinim¢ni oftrM51ee5 The charity can have up to six Trustees. of which Thvo are nominated by W¢st B¢rksbiTe Council, three are ¢O-OPted and one is an ex•officio member of tbe ¢hur¢b. Page 2
Coxedd and Pearce and Kimbers Almhouses Charlty Trustees, Report (continued) The annual r¢port was approved by the tTUStees of th¢ charity on . and si8n¢d on its behalf by.. Mr P¢t¢ Trusl rcenbalgh Pag¢ 3
Coxedd and Pearce and Kimbers Almhouses Charlty Slatement of Trustees, Responsibilitie5 The trusttts are responsible for preparitvd the tNstees' report and th¢ financial ststernents in aecordattee with the United KingdoTn Accounting Standards (United Kingdorn Generally Acc¢pt¢d A¢¢ounting Praetiee) and applicable law and regulation$. The law applicable to charities r¢quir¢s the trnsteeg to prepare financial stateinellts for eacb financial year which give a trne ond fatr view of the Stste of affairs of the charity and of the incomin8 resources and applic&iion of resources of the charity for that period. In pr¢paring these financial statements. the ttvstees are required to.. s¢l¢ct Suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP; make judgements and estimates that are r¢a50nabl¢ and prud¢nt- stste whether applicabl¢ accounting standards have been followed. subject to any material departures disclosed ond ¢xplain¢d in the financial statements,. and prepare the financial stsiements on the going ¢onc¢rn basis unless it is inappropriat¢ to pr¢Su1 that th¢ harity will continue in business. The trustees are responsible for keeping proper accounting TOrdS that dis¢lo5¢ With r¢a50nable accuracy at any time the financial position of the charity and ¢nable them to en5llre that the financkal statements COTnply with the Charities Act 2011, the Charities IA¢¢ounts and Reports) Regulati0Th4 2(M)8, and the provisions of the ¢onsiiNtion. The trnstees are also responsible for saf¢guarding th¢ a$s¢ts of th¢ ¢haTity al h¢n¢e for taking reasonable steps for the Prevention and d¢t¢¢tion of fraud and oth¢r irr¢gulariti¢s. The ttustees are responsible for the maintenance and integriry of the corporate and financial Infornll0n included on the charitable companys websi. Legislation governi8 the preparntion and dissemination of financial Slatements nydy differ from legislation in other jurisdictions. Approved by the tThstees of th¢ charity on ..>and signed on iLs b¢half by.. Mr PeteT Tr reetthalgh Page 4
Coxedd and Pearce and Kimbers Almhouses Charlty Independenl Examiner's Report to the trustees of Coxedd and Pearce and Kimbe Almhouses Charity I report to the ttustees on my examination of the accounts of Coxedd and Pearce and Kimbers Almhow¢s Charity for the year ended 31 December 2024. Responsibilities basis of r¢port As ihe charity tNsiees of Coxedd and Pearce amd Kimbers Almhotsges Charity you are rtSPODsible for the preparation of the accounts in accordance with the requirements of the Charhlies Act 2011 ('the Aei.). I report in respect of my exan)ination of the Coxedd and Pearce and Kimb¢rs Almhouses Charity's accounts carried out under section 145 of the 2011 Aet and ill carrying out my ¢xamination I have followed all the applicable Direetions given by ihe Charity Commission under wtion 145(5Mb) of the A¢t. IndependeAt exAmlDer's statement I hav¢ wmpl¢tul my ¢xamination. l ¢onfimi that no mat¢rial n]atters have come to my attention in c4)nllectiott with the examinalion giving rne U8¢ to b¢li¢v¢ that in any material respect.. l. aceouniin8 reeords were not k¢pt in r¢sp¢¢t of Coxedd and Pearce and Kimbers Almhouses Charity as required by section 130 of the Aet.. or 2. the accounts do nol accord with those records,. or 3. the accounts do not cornply with the accounting r¢quirements con¢erning the forn) and niellt of ac¢ouTLts set out in the Charities {Accoun15 and R¢ports} R¢gulotion$ 2008 other ihan any requirement that the accounts give a 'tru¢ and faÈr vi¢w' which 15 not a matter cO$1dered as part of an independent examination. I have no concerns and have come across no other matters in cot)nection with the ¢xamination to which attention should be drawn in this report in order to enable a proper understanding of the accollnts to b¢ r¢ached. K¢rry Hèwkins. UHY Ro55 Brook¢ Chartered Accountants 318 Charnham Str¢¢t Hungerford Berkshire RG17 OEJ Dat¢.. Pag¢ 5
Coxedd 2nd Pey4rce and Kimber$ Almhouses Charity Statement of Finaneial Attivities for the Year Ended 31 December 2024 Ullrestrfic¢ed funds Tot*] 21124 Note Incorn¢ aDd EDdtswmentts from: Investsneni income Other income 4,089 83,158 4.089 83,158 Total In¢ome 87,247 87,247 Expendlture on: Charitsble a¢liviti¢5 (92.145) (92.145) Total Expenditure Gainslloss¢s on investment 855¢ts (92.145) 74.459 (92.145) 74.459 Nel income 69.561 69.561 Net movement in fill)ds 69.561 69.561 Total fijnds brought fonvard 3,556.695 3,556,695 Totsl funds carried forward 3,626,256 UDre5trit(ed fund5 3,626,256 Total 2023 Not¢ ID¢ome And Endowrnents frfjrn: DonatiOll5 and legacies Investment intome Other incotne 9,0(M) 3,836 68,524 3,836 68,524 Tot41 incom¢ 81.360 81.360 Expendilure on: Charitable xtiviti¢s {91.534) (91.534) Total expenditur¢ Gainsllosses on investment assets {91.534) 524.930 191.534) 524.930 Net income 514.756 514,756 Nei movement in funds 514.756 514,756 Reconciliation of fund$ Totsl fijnds brought fonvard 3,041,939 3,041,939 Totsl fimds Caled forward 13 3,556,695 3,556,695 All of the charity's activiiies derive from c¢)ntinuin8 operalAoJs durin8 the above nvo periods. The fijnds breakdown for 2023 is showi) tn note 13. The notes on pages 8 to 14 forni an int¢gral part of th¢5¢ fin8nci8151at¢ments. Page 6
Coxedd and Pearce and Klmbers Almhouses Charlty (Registration number: 233204) Balance Sheet as Ydt 31 December 2024 21124 2023 Note Fixed ais¢ts Tangible assets Investments 3,485,780 130,195 3,417,432 130.084 3.615.975 3.547.516 Current •s$ets Debtors Cash at bank and in hand 1,756 12.619 2,047 10.862 10 14,375 12,909 Credltorn: An15 flllDg due wlthlD one year 12 (4.094) {3.730) Net evrrent Assels 10.281 9.179 Net #s$et$ 3,626,256 3,556,695 Funds of the ehrlty: UTrrestrlc¢ed Income funds Uwestricted fimds 3,626,256 3,556,695 Total IndS 13 3,626.256 3.556.695 ial statements on page5 6 to 14 r¢ ¥pprov¢d by the trnstees, and authorised for issue on .2<. and signed oll iheir behalf by.. MrP ¢6r¢¢nhalgh The notes on pages 8 to 14 forn) an integral part of these financial statements. Page 7
Coxedd and Pearte and Klmbers Almhouses Charlty Notes to the Financial Statements for the Year Ended 31 December 2024 l A¢¢outstittE poli¢iei StatemeThl of ¢ompliaD¢e Thc financial statements have been prepared in accordance with ihe second ediiion of the Charittes Statement of Recotnmendtd Practice issued in October 2019. the Financial Reporting Standard applicable in the Uniled Kingdom and Republic of Ireland {FRS 102) and ihe Charities Act 2011. Basls of preparation Coxedd and Pearce and Kimbers Almhouses Ctwity meets the definition of a public benefit entity under FRS 102. The accounts {financial ststemenis) have been prepared under the hisiorical cost convention wryth items recognised at cost or transaction value unless othetvlise ststed in the relevant note(s) io these accounts. Golng concer The tte¢S consider that there are no material urtcertainiies about the ch8riWs ability to eonthnue as a going eoneern. Expendltsr¢ All expendibjre is recognised once there is a legal or consiThctive obligation to that expendillwe. it is probable settlemeni is required and the amount Can be measured reliably. All costs are allocaied to the applieable expenditure heading that aggregate similar costs to thai caiegory. Where costs eannot be direcily attributed to particular headings they have been allocated on a basis consisient wth the use of resources, with central staff costs allocared on the basis of time spent, and depreciaiion charges allocated on the wrtion of ihe asset's use. Other support costs are allocated based on rhe spread of siaff costs. Charitsble 4rtiviiies Charitsbl¢ exp¢nditur¢ ¢onpri%s thos¢ costs incurred by tb¢ Charity in th¢ d¢tsV of its a¢tivith¢s and s¢rvic¢$ for its b¢n¢fi¢iari¢s. It Includ both Costs that Can b¢ all(ut¢d d]r¢lY to swh activiti¢$ and thos¢ cost5 of all indir1 nature n¢¢essary to support ¢h¢m. Supp•rt eosts Support ¢osts in¢lud¢ c¢ntrdl functions and have been allocated to activity cost ¢at¢gories on a basis collsLStent with the use of resour¢¢s, for exampl¢. allocating propety costs by floor ar¢as, or per capit4 Staff costs by the lime spent and other costs by their llsage. Government grats Oov¢rnm¢nt grants ar¢ r¢c0gntd bas¢d on th¢ crUal mod¢l and ar¢ Measur at th¢ fair valu¢ of th¢ asset r¢c¢iv¢d or r¢c¢ivabl¢. GTaDts ar¢ classified a5 relating eith¢r to revenue or to assets. Grants r¢lating to r¢v¢n ar¢ r¢cognis¢d in in¢om¢ gv¢r th¢ p¢riod in which the related costs are recognLSed. Grants r¢lating to a55etS r¢cognis¢d ov¢r th¢ exp¢ct¢d lif¢ of the asset. Where parl of a grant relatin8 to an a5t Is d¢ferr¢d, it is reeognised as deferred income. Page 8
Coxedd and Pearce and Kimbers Almhouses Charlty Notes to the Financial Statements for the Yer Ended 31 December 2024 (continued) Taxatlo The Charity is considered to pass the tests set out in Paraaph I Schedule 6 of the Finan¢¢ Act 2010 at therefor¢ it rneets the definition of a charitable company for UK corporation tax purposes. A¢wrdingly. th¢ charity is potentially exempt from taxation in respeci of income or capitsl gains received within categories cov¢r¢d by Chapter 3 Part I l of tbe Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeabl¢ Gains knt 1992. to the extellt that such income or gains are apptsed exclusively to charitabl¢ purpos¢s. Tts8ible flxed *sse¢s Tangibl¢ Ass¢ts wmprise of Almbouses which bad no tost but which were incorporated inio the accounts som¢ years ago at an ¢$timated valuation. The value of these is adjusred periodically to the r¢-instalement valu¢ which is consid¢r¢d by the truslees to be a Close approximation to fair value. As th¢5¢ In¢lUd at fair value, depreciation is clwged. FAxed asset invutmeDt$ Fixed ass¢t investments, other than progranjme related investments. are included at market value at the balance sh¢¢t date. Realised gaiDS alld losses on investsnellts are calculated as the difference beNeen sales proceeds and their tnarket value at the start of tbe year. or their subsequent cost. and are charged or uedited to the Statem1 of Financial Activities in the period of disposal. Unrealised gains and losses represent the movement in market Yalues during the year and are credited or charged to the Ststement of Financial Activities based on the market value at the yeaT end. Cash and ea5h £q)valents Cash and cash equivalents comprise cash on hand and call deposits, and other short-t¢rni highly liquid investments tbat are readily convertible to a known anwunt of cash and are subJ¢¢t to an insignificant risk of ctwige in value. Trade treditors are obligatlODS to pay for goods or services that have been acquired in the ordinary Cour of b81n¢5s from suppliers. Accounts payable are classified as CUTrent liabilities if the does not have an unconditional right, al th end of the reportin8 period, to defer seiilement of the creditor for at least twelv¢ months after the reporting date. If there r5 an unconditional righi to defer settlement for at least tw¢lve months after the reporting date. they ar¢ ptesentrd as llon-current liabilities. are recognised initially at the transaction price and subs¢qu¢ntly m¢asur¢d at anwrttsed wst using the effective interest method. Fund stru<tsr¢ UttrestTitted income funds are general ndS that are available for us¢ at th¢ trn5t discrdkon in fiwthernnce of the objectives of the charity. Page 9
Coxedd and Pearce and Kimber$ Almhouses Charity Notes to the Financial Statements for the Year Ended 31 December 21124 {contlnued) 2 In¢ome from doDatknrt$ and leg4cles Unreitri¢ted fund5 General Total funds TotAI for 2024 TotAI lor 2023 9.0( 3 Investment Ineome UtyT¢Stricted funds General T•tl fuDd5 Other iD¢QDl¢ from fixed asset investments 4.089 4.089 Totl for 2(124 4,089 4,089 T(trtl ftsr 2023 3.836 3.830 4 Oiber iDeome Unr¢5trleted funds General Tot1 fuDd$ Rental incom¢ 83.158 83.158 Total for 2024 83,158 83,158 Ttst41 for 2023 68,524 68.524 Page 10
Coxedd and P¢2rce and Kimbers Almhouses Charity Notes to the Financial Statements for the Year Ended 31 December 2024 (Continued) 5 ADlysls of$upport costs Chrltsble #£tivltlu expe1re UDrestrl¢¢ed fund$ General 2024 Clerk's sèlary Raies and w8t¢r Light heat and powet Insurdnce Ernergency re4)onse system Repairs and r¢n¢wals 2,640 2,933 38,550 3.276 2.007 2,640 2,933 38.550 3,276 2,007 F J! 40,343 560 407 69 1,360 40,343 560 Telephone and postage Subscriptions Sundry exp¢n5es AccoulltaY 407 69 ,360 92,145 92,145 Unrestricted fllttd$ Cener$l Total 2023 Cl¢rk's salary Rat¢s and water Light heal and power Insuranc¢ Emerg¢n¢y reskM)nse system Repairs and renew#ls T¢lephone and postage Subscriptions Sundry expenses Accountancy Solar panels 2,640 2,306 21,228 3,184 1.908 33.435 344 233 2,306 21228 3,184 1.908 33,435 344 233 1.310 24.802 1,310 24,802 91,534 91,534 Pagell
Cox¢dd 2nd Pearce and Kimbers Almhouses Chlrlty Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) 6 Tanglble flxed assets Land and buildings TotAI Cost At l January 2024 Revaluations 3.417,432 68,348 3,417.432 68,348 At 31 December 2024 3.485,780 3.485.780 DepreelatloD Al 31 December 2024 Net book vAlue Ai 31 December 2024 3,485,780 3,485,780 At 31 Deeember 2023 3,417,432 3,417,432 Th¢ Alrnshouses haye been r¢valued to insura¢ re-lnstatettttt value as at June 2024. An independent valuation ha5 not bc¢n carri¢d out. 7 Flxed iiset Investments 21124 2(123 Other invesknents 130.195 130,084 Page 12
Coxedd and Pearce and Kimbers Almhouses Charity Notes to the Financial Statements for the Year Ended 31 December 2024 (contlnued) Other Investments Li$t¢d Inve$tm¢nts Total Coit Or Vluation At l January 2024 R¢valuation Disposals 130,084 5,746 15.6351 130.084 5,746 15,635 Ai 31 Dettmber 2024 130.195 130,195 Net book value At 31 December 2024 130,195 130,195 At 31 December 2023 130,084 130.084 8 Taxatlon The charity is a regtstered ¢haTity and is therefore exempt frorn taxation. 9 Debtors 2024 2023 Other debtOTS 1,756 2,047 10 C#$b nd ¢5h equlvlents 2024 21123 Cash at ballk 12.619 10.862 11 Trste¢S remuDeratAon and expenses No trnskes. nor any persons connected with them, have Teceived any remuneration from the clJaTity during the 12 Credltors: *mtsuthts f#Uing dut within one year 21J24 2023 Trade creditors Accrua15 616 3,478 3.730 4,094 3,730 Page 13
Coxedd and Pearce Ydnd Kimbers Almhouses Charity Notes to the Financial Statements for the Year Ended 31 December 2024 {¢ontinued) 13 FuDds Bl&n¢¢ #t Otber l Ineotning Resources reeogDlsed 2024 r¢$ouree$ expended Transfers glnslOosses) 31 Detember 2024 Unre$tritted fundi Genero1 G¢n¢rdl Fund Extraordinary Repair Fund Other R¢serv¢s arising from valuation of TaDgibl¢ asset 99.860 39,403 87.247 (92,145) 6.000 (6,000) 3.038 3,073 104.000 36.476 3,417.432 68,348 3,485,780 3.556,695 87,247 (92,145) 74,459 3,626256 BalAn¢e at Balance at Other 31 l JaDUary In¢oming Re50ur¢e r¢¢ogDis¢d DK¢mber 21123 res0re£S expended Tr4nsfer3 g*in$l(lo$ses} 2023 UDrestri¢ted fvthds GeM¢rnl G¢neral Fund Exlraordhnary Rair Fund Other Reserves orising from Yaluation of Tangible 103.508 42,057 81,360 (91,534) 5,000 (5,000) 1,526 2,346 99,860 39,403 2,896,374 521.058 3.417,432 3.041,939 81,360 (91,534 524,930 3,556,695 There are no restriciions on any of the llds. Pag¢ 14