The Reverend Rowland Hill Almshouse Charity Annual Report and Unaudited Financial Statements Year ended 31 December 2024 Charity number: 233324 Registered Provider Code= A0333
Contents Referente and Administrative Details Trustees Report Objectives & Activtties Strurtvre, Governance & Management Finance Review Statement of Trustees. Responsibilities Independent Examinerfs Report Statement of Financial Actwities (including Income & Expenditure account) Balance Sheet Notes to Financial Statements
REFERENCE AND ADMINISTRATIVE DAlLs Charity Number 233324 Registered Provtder Code A0333 Trustees The following trustees served during the year= Mrs M Smith Mrs J Robinson Mr P Carruthers Mr E Mills Mr R Clarke Mrs R York reg8ned 24.06.24 Key Management Personnel Chair Clerk Mr P Carruthers Mr Psutton Principle pla of business 4 Tabernacle Cottages Tabernacle Pitch Wotton under Edge Glos GL12 7ED Independent Examiner Mrs J Roberts Willow Accountancy Ltd Willow Cottage Valley Road Wotton under Edge Glos. GL12 7NP Bank Lloyds Bank 12 Rowcroft Stroud Glos GL5 4AD
TRUSTEES REPORT The trustees present their report and financial statements for the year ended 31 December 2024. The Reverend Hill Almshouse Charity is an unincorporated charity registered in England and Wales. OBJECTIVES AND AcllviTIES Objects of the Charity The almshouses belonging to the Charity and the property occupied therewith shall be appropriated and used for accommodation. The residents shall be poor aged persons of good character who shall be appointed in the following order of preference= l. Women who are former member of the Reverend Rowland Hill's Tabernacle, at Wotton under Edge, orwho are members ofthe Wotton under Edge United Church 2. Women who are resident in Wotton under Edge and the neighbourhood thereof 3. Men who are former member of said Tabernacle or who are members of the said United Church 4. Men who are resident in Wotton under edge and the neighbourhood thereof The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake. Achlevements and perfomiance The Charity provided seven units which were let unfumished. There were 3 months of voids on I property Ivacantl during the year ended 31 December 2024. STRucfuRE. GOVERNANCE & MANAGEMENT The Charities of the Reverend Rowland Hill and Others are regulated by Schemes of the Charitv Commissioners dated l August 1962 and 31 October 1985 as amended on 27 June 2018. The Charities comprise of= l. The Charities of the Reverend Rowland Hill for almshouses 2. The Charity of the Reverend Rowland Hill for clothing 3. The Charity of Mary Croome 4. The Charity known as the Childs Trust 5. The Charity known asthe Friend in Need Trust The above charities are administered and rnanaged together as one charity under the title of The Reverend Rowland Hill Almshouse Charity (Charity Number 2333241
The Charity is regulated by the Regulator of Social Housing. The body of Trvstees must consist of two Nominatrve Trustees and four Co-optatrve Trustees. Current Trustees are listed on page 2. The Nominative Trustees are members of Wotton United Church. The Co-optative Trustees are those who through residence, occupation or community standing have the skills andlor knowledge to be an asset to the trustee body. Each appointment is for the term of foLtr years The charwty employs the service5 of a self-employed administrator who works under the direction of policies and practices set out by the Trustees. The administrator reports to every Trustee meeting. FINANCIAL REVIEW The results for the year and the financial position at the year-end were considered satisfactory by the Trustees. The year included the refurbishment of No.10 Reserves Policy The Trustees policy on reserves is to aim for the Charity to have sufficient reserves to cover repairs and refurbishment costs. The Charl$ free reserves at 31 December 2024 were £19,42512023: £21,207). Going Concem At the time of approving the financial statements the Trustees have a reasonable expectation that the charity has adequate resources to continue in the operational existence for the foreseeable future. Thus, the Trustees continue to adopt the going concern basis of accountin8 in preparing the financial statements.
STATEMENT OF TRUSTEES RESPONS181LmES The charity trustees are responsible for preparing a trustees annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standard5 (United Kingdom Generally Accepted Accounting Prarticel. The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements. the trustees are required to= select suitable accounting policies alld then apply them consistently: obseNe the methods and principles in the Charities SORP- make judgements and estimates that are reasonable and prudent,. state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements and accompanying notes,. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy atany time the financial position of the charity and to enable them to ensure that the financial Statements comply with the Charities Act 2011. the applicable Charities (Actounts and Reportsl Regulations. and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detettion of fraud and other irregularities. Signed on behalf of the charFWs trustees Signed...... 2025 Poulcurruthers (ChoiroAtru5teesJ
The Reverend Rowland Hill Almshouse Charity Independent Examiners Report Independent Examiner's Report to the trustee of The Reverend Rowland Hill Almshouse Charity I report to the trustees on my examination of the financial statements of The Reverend Rowland Hill Almshouse Charity forthe year ended 31 December 2024. Responsibilitie5 and bas15 of report As the charlty's trustee you are responsible for the preparation of the financial statements in accordan with the requirements of the Charities Act 20111'the Act'l. I report in respert of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examrnation I have followed all the applicable Direttions given by the Charity Commission under section 14515)Ibl of the Act. Independent examiner's statement I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination gtving me cause to believe that in any material respett-. the accounting iecords were not kept in respect of the charty as required by sertion 130 of the Act- or the financial statements do not accord with those records- or the financial statements do not comply with the applicab requirements concerning the form and content of financial statements set out in the Charities IAccounts and Reports) Regulations 2)8 other than any requirement that the financial statements give a'true and fair, view which is not a matter considered a5 part of an independent exatnin3tior¢. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in orderto enable a proper understanding of the financial statements to be reached. Willow Accoufitanty Willow Accountancy Ltd Willow Cottage. Valley Road Wotton Under Edge Glos GL12 7NP 23 June 2025 Page 6
The Reverend Rowland Hill Almsh¢)use Chaiity Statement of Financial Activities for the year ended 31 December 2024 Unrestrirted funds Total funds Total funds 2024 2024 2023 Notes Income and endowments from: Donations and legacies Charitable activities 250 250 25,283 396 25,283 396 24,518 379 Investments Total 25,929 25,929 24,897 Expenditure on: Charitable activities Other 27,498 27,498 16,401 480 Totsl 27.978 27,978 16,881 Net gains on investments Net {expenditure)/income Transfers between fund5 267 267 996 11.7821 11.7821 9,012 Net (expenditure)/income before other g3ins/{lossesl 11,7821 11,7821 9,012 Other gains and losses Net movement in funds 11.7821 11,7821 9,012 Reconciliation of funds: Total funds brought forwèrd 201,207 201,207 192,195 Total funds carried forward 199,425 199.425 201.207 Page 7
The Reverend Rowland Hlll AlrkLshouse tharity Balance Sheet at 31 December 2024 tharlty No. 233324 2024 2023 Fixed assets Tangible assets Investments 180,(NKJ 12,103 192,103 180,000 11,836 191,836 io Current assets Debtors Cash at bank and in hand li 1.304 7.280 8.584 11.2621 7.322 1,620 8.938 10.558 11,1871 9,371 Credltors: Amount falling due within one year Net current assets 12 Total assets less current liabilities 199.425 201,207 Net assets excluding penslon asset or liability 199,425 201,207 Totsl net assets 199,425 201,207 The funds of the chaiity Unre5trirted funds General funds 13 36,496 38,278 36,496 38,278 Reserves Revaluation reserve 13 162,929 162,929 162,929 162,929 Totsl funds 199,425 201,207 Approved by the trustees on 23 June 2025 And signed on their behalf by.. P. Carruthers Trustee 23June 2025 Page 8
The Reverend Rowland Hill Almshouse Charfty Notes to the Accounts for the year ended 31 December 2024 l Accounting policies Basls of prepardtion The fifiancial Statements have been prepared in accordance with Statement of Recommended Practice.. Accounting and Rewrting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland IFRS 1021 issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charities Act 2011. The Charity has taken advantage of the provisions in the SORP for smaller charities not to prepare a Statement of Cash Flows. The trustees have asonable expectation that the charity has adequate resour5 to continue in operational existence for the foreseeable future and have therefore adopted the going concern basis of accounting in preparing these accounts. Change in basis of accounting or to previous acc(wnts There has been no change to the accounting policies Ivaluation rules and method of accounting) since last year and no changes have been made to accounts for previous years. Fund accountin8 Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity- These are unrestrirted funds earmarked by the trustees for particular purposes. These are unrestricted funds which include a revaluation reserve representing the restatsment of investment assets at their market values. These are available for use subject to restrictions imposed by the donor or through terms of an appeal. Designated funds Revaluation funds Restricted funds Page 9
The Reverend Rowland Hill Almshouse Urity Plotes to the Accounts Income Recognition of income Income is included in the Statement of Financial Activities ISOFAI when the charity becomes entitled to. and virtually certain to receive, the income and the amount of the income can be measured wtth sufficient reliability. Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SOFA. Donations and Voluntary income receNed by way of grants, donations and gifts is included in the the SOFA when reiVable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SOFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilwties where the benefit to the Charity is reasonably quantifiable, measurable and material. legacies Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receiwdble. Gains/llossesl on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/llossesl on investment assets This includes any gain or Ios5 on the sale of investments. Expenditure Recognwtion of expenditure EKpendtture is recognised on an accruals basis. Expendtture includes any VAT which cannot be fully recovered. and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the cosrs incurred by the Chartty in the delivery of its acttvities and charitable activities services in the furtheran of its objects. including the making of grants and governance costs. All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audrtlindependent examination fees. costs linked to the strategic management of the Charity, together with a share of other administration costs. These are 5UPPOrt costs not allocated to a particular activity. Grant5 payable Governance costs Other expenditure Taxation The charity is exempt from tax on its charitable attrvities. Page 10
The Reverend Rowland Hlll Almshouse Chaiity Notes to the Accounts Freehold Investment property Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or105ses are taken to the Statement of Financial Activities as they arise. The Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists the recoverable amount of the asset is estimated in order to determine the extent of the loss lif any). Trade and other debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash and cash equivalents Cash and cash equivalents comprise cash at bank and on hand. demand deposits with banks and other short-term highty liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial p05ttion, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and fomi an integral part of the company's cash management. Trdde and other creditors Short term creditors a rneasud at the transaction prTrce. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. 2 Income from donations and legacies Unrestrirted Total Total 2024 2023 Donations 250 250 250 250 3 Income from charitable activities Unrestrirted Totsl Total 2024 2023 Rental Income 24.922 24,922 348 24.023 485 Other Operating Income Miscellaneous Income 13 13 io 25.283 25,283 24,518 Page 11
The Reverend Rowland Hill Almshouse Charlty Notes to the Accounts 4 Income from investments Unrestrlcted Total Total 2024 2023 Interest & Dividend Income 396 396 379 396 396 379 5 ExpendFture on charitsble artivities Unrestricted Total Totsl 2024 2023 Expenditure on charitable ¢7ttivities Property & Site Maintenance InsLtrance 19,929 1,252 3,686 831 19,929 1,252 3,686 831 10,112 1,354 2,271 600 Utilities (including Care ne} Other Costs Govemonce costs Administration 1,5 31 1,5C(J 300 1,500 564 Accountancy Fees 27,498 27,498 16,401 6 Other expenditure UnTestrlcted Total Total 2024 2023 Legal and professional costs 480 480 7 Trustee remuneration and expenses 2024 2023 Number Number The nature of the reimbursed expenses No remuneration was paid to the Trustees, and neither were any expenses reimbursed during the year12023.' Nil) 8 Staff costs The average number of employees during the year was Nil12023: Nil) No employee received emoluments in excess of £60.(l2023= Nil) Pa e12
The Reverend Rowland Hill Alwshouse Charity Nots5 to the Accounts 9 Tangible fixed assets Cost or revaluation At l January2024 At 31 December2024 180,(KM) 180,CM)) 180,(KK) 180,(XK) Net book values At 31 December 2024 At 31 December 2023 180,(KK) 180,( 180,(KJO 180,000 10 Investments Other investments Unllsted Total Cost or revaluation At l January 2024 Revaluation At 31 December 2024 Net book values At 31 December 2024 At 31 December 2023 11,836 267 11,836 267 12,103 12,103 12,103 11,836 12,103 11,836 11 Debtor5 2024 2023 Trade debtors Prepayments and accrued income 47 1,257 1,304 1,620 1,620 12 Creditors: amounts falling due within one year 2024 2023 Trade creditors Accruals 177 i.oio Deferred income 1,262 1,187 Page 13
The Reverend Rowland Hill Almshouse Owrity Notss to the Accounts 13 Movement in funds Incoming resources At31 {includtng other At l January gainsllosses 2024 Resources December 2024 expended Restricted funds: Unrestritted fund5: General funds 38,278 26,196 127,9781 36,496 Revaluation Reser¥es: Revaluation fund 162,929 162,929 Totol revoluotion reserves 162,929 162,929 Total funds 201,207 26,196 127,9781 199,425 Purposes and restrittions in relation to the funds: Revaluation reserves Represent the amount by which investments exceed their historical cost. 14 Analysis of net assets between fvnds Unrestrirted funds Total Fixed assets 180,000 12.103 7,322 199,425 180,000 12.103 7,322 199,425 Investments Net current assets