MISS A E GOMM
Registered Charity No 233425
Notes STATEMENT OF ACCOUNT AND REPORT FOR THE YEAR ENDED 31 MARCH 2024
| Receipts & Payments Receipts Monthly Maintenance Charges (MMC) Interest - Santander Business Saver Interest - Shawbrook Interest - COIF deposit fund Power Generation (Feed-in-Tariff) Compensation for fence damage - Chaffin Ltd Transfer - from Santander and Shawbrook accounts Total Receipts Direct Charitable Payments Administration items various Consumables (stationery, stamps & printing for year) Almshouse insurance (30/6/23-29/6/24) Annual Landlords Gas Safety Check - All Properties Water Rates Bills: 59 Surrey Avenue only Gifts and Professional fees National Almshouse Association Subscription No 59 Repairs various ) No 60 Repairs various ) inc agent's £600 fee - £200 each unit No 61 Repairs various ) CCLA COIF Investment purchased Total Payments Net Receipts for the year Net balances to be carried forward ADD :Net Receipts (and Income brought forward from 2023-24) |
2023/24 £ 21,539.16 180.60 476.23 13.66 3,869.47 180.00 146,303.74 £172,562.86 1,370.00 175.13 617.18 742.75 284.00 666.00 267.00 620.00 4,390.75 10,614.30 140,000.00 £159,747.11 12,815.75 153,800.37 £166,616.12 |
2022/23 £ 14,302.99 9.16 252.48 9.15 4,872.63 1,320.00 N/A £20,766.41 1,828.29 19.60 538.90 225.00 284.00 170.00 153.00 2,601.47 2,273.10 2,640.74 N/A £10,734.10 10,032.31 143,768.06 £153,800.37 |
|---|---|---|
EXPLANATORY NOTES
-
The accounts for the year ended 31 March 2024 have been compiled on a "Receipts and ## Payments" basis again, so that any strict comparison with prior years is difficult, as those years were on an "Income and Expenditure" basis. This change was made to simplify the accounts and improve understanding. As a result of this change, there is no longer a need for debtors and creditors, accruals and prepayments. The Balance Sheet is thus a statement of all assets - fixed assets being the latest RICS valuation of the 3 properties held by the charity, and the bank accounts and investments held on 31 March 2024.
-
A COIF investment of £140,000 was made in mid 2023, and interest is capitalised. I have estimated that the growth since investment would be about 11% and this is included in the assets for completeness.
-
There is an invoice in dispute which has been included as a potential liability.
RGB/24 May 2024
MISS A E GOMM
Registered Charity No 233425
| 2023/24 Fixed Assets £ Properties (as per valuations 2020) 850,000.00 Current Assets Bank Balances at 31 March 2024: Santander - Business Saver (TO CLOSE) 4,344.27 Lloyds plc - Current Account NEW 15,180.85 COIF deposit fund OLD 538.34 Shawbrook fixed rate saver CLOSED - CCLA COIF investment (at Aug 2023) 140,000.00 See note 2CCLA investment growth (estimated) 15,531.47 175,594.93 Current Liabilities See note 3Creditors - disputed invoice 923.40 Net Current Assets Net Assets Represented by: ASSET FUND BALANCES Revaluation Reserve at 31 March 2020 General Purpose Fund (b/fwd plus annual surpluses) Audit Committee Report to the Trustees of A E Gomm Charity |
2023/24 £ 850,000.00 4,344.27 15,180.85 538.34 - 140,000.00 15,531.47 |
2023/24 £ 174,671.53 £ 1,024,671.53 858,055.41 166,616.12 £ 1,024,671.53 |
2022/23 £ 850,000.00 70,491.01 1,480.94 524.68 81,303.74 - |
2022/23 £ 153,800.37 |
|---|---|---|---|---|
| 175,594.93 | 153,800.37 | |||
| 923.40 | ||||
| £ 153,800.37 | ||||
| 850,000.00 153,800.37 |
||||
| £ 1,003,800.37 | ||||
We have checked the Charity's Financial Statements for the year ended 31 March 2024 which comprise the RECEIPTS and PAYMENTS Account and BALANCE SHEET at that date.
In our opinion the financial statements give a true and fair view of the state of affairs of the Charity as at 31 March 2024 and Receipts and Payments for the year to that date.
| EXAMINER'S signature EXAMINER'S name Robin Bell P TEDDER, Chairman For and on behalf of the Trustees: A E GOMM CHARITY |
### |
|---|---|
| (Date) July2024 |
|
| (Date) |
ANNEX C
A E GOMM CHARITY
Composition of the Revaluation Fund as at 31st March 2024 (per the Balance Sheet)
| Up until 31st March 1997 59 & 60 Surrey Avenue valued in Balance Sheet at: Additional purchase: 61 Surrey Avenue [1997] Revaluation Reserve Account Balance at 31st March 1998 1998/99 Revaluation of properties Less value at 31st March 1998 Transfer to Revaluation Reserve Account 31st March 1999 2004/05 Revaluation of properties Less value at 31st March 1999 Transfer to Revaluation Reserve Account 23rd August 2004 2007/08 Revaluation of properties Less value at 31st March 2004 Transfer to Revaluation Reserve Account 23rd August 2007 2011/12 Revaluation of properties Less value at 31st March 2007 Transfer to Revaluation Reserve Account 23rd November 2011 Land Registry & Nationwide Index Valuation at 31st March 2016 Less value at 31st March 2011 Transfer to Revaluation Reserve Account 31st March 2016 2016/17 Revaluation of properties Less value at 31st March 2016 Transfer to Revaluation Reserve Account 31st March 2017 2019/20 Revaluation of properties Less value at 31st March 2017 Transfer to Revaluation Reserve Account 31st March 2020 Revaluation Reserve Account Balance at 31st March 1998 Transfer 31st March 1999 Transfer 23rd August 2004 Transfer 31st March 2016 Transfer 30th June 2016 Transfer 15th June 2020 Balance as at 31st March 2020 |
£ 4,569.91 2,374.68 |
|---|---|
| 6,944.59 128,055.41 |
|
| 135,000.00 | |
| £ 224,000.00 135,000.00 |
|
| 89,000.00 | |
| 535,000.00 224,000.00 |
|
| 311,000.00 | |
| £ 560,000.00 535,000.00 |
|
| 25,000.00 | |
| £ 520,000.00 560,000.00 |
|
| (40,000.00) | |
| £ 680,000.00 520,000.00 |
|
| 160,000.00 | |
| 620,000.00 680,000.00 |
|
| (60,000.00) | |
| £ 850,000.00 620,000.00 |
|
| 230,000.00 | |
| £ 128,055.41 89,000.00 311,000.00 160,000.00 (60,000.00) 230,000.00 |
|
| £858,055.41 |
Historic valuations undertaken by a RICS registered Valuer up to 15th June 2020 and are shown above. In accordance with the meeting of Trustees held on 28th August 2019 and in compliance with the Charity Commission Regulations revaluation of the Trust properties were required. To comply with the regulations the most recent valuation was prepared by CLM Surveyors LLP on 15th June 2020 and is due again in mid 2025.
RGB124 May 2024
MISS A E GOMM
Registered Charity No 233425
Notes STATEMENT OF ACCOUNT AND REPORT FOR THE YEAR ENDED 31 MARCH 2024
| Receipts & Payments Receipts Monthly Maintenance Charges (MMC) Interest - Santander Business Saver Interest - Shawbrook Interest - COIF deposit fund Power Generation (Feed-in-Tariff) Compensation for fence damage - Chaffin Ltd Transfer - from Santander and Shawbrook accounts Total Receipts Direct Charitable Payments Administration items various Consumables (stationery, stamps & printing for year) Almshouse insurance (30/6/23-29/6/24) Annual Landlords Gas Safety Check - All Properties Water Rates Bills: 59 Surrey Avenue only Gifts and Professional fees National Almshouse Association Subscription No 59 Repairs various ) No 60 Repairs various ) inc agent's £600 fee - £200 each unit No 61 Repairs various ) CCLA COIF Investment purchased Total Payments Net Receipts for the year Net balances to be carried forward ADD :Net Receipts (and Income brought forward from 2023-24) |
2023/24 £ 21,539.16 180.60 476.23 13.66 3,869.47 180.00 146,303.74 £172,562.86 1,370.00 175.13 617.18 742.75 284.00 666.00 267.00 620.00 4,390.75 10,614.30 140,000.00 £159,747.11 12,815.75 153,800.37 £166,616.12 |
2022/23 £ 14,302.99 9.16 252.48 9.15 4,872.63 1,320.00 N/A £20,766.41 1,828.29 19.60 538.90 225.00 284.00 170.00 153.00 2,601.47 2,273.10 2,640.74 N/A £10,734.10 10,032.31 143,768.06 £153,800.37 |
|---|---|---|
EXPLANATORY NOTES
-
The accounts for the year ended 31 March 2024 have been compiled on a "Receipts and ## Payments" basis again, so that any strict comparison with prior years is difficult, as those years were on an "Income and Expenditure" basis. This change was made to simplify the accounts and improve understanding. As a result of this change, there is no longer a need for debtors and creditors, accruals and prepayments. The Balance Sheet is thus a statement of all assets - fixed assets being the latest RICS valuation of the 3 properties held by the charity, and the bank accounts and investments held on 31 March 2024.
-
A COIF investment of £140,000 was made in mid 2023, and interest is capitalised. I have estimated that the growth since investment would be about 11% and this is included in the assets for completeness.
-
There is an invoice in dispute which has been included as a potential liability.
RGB/24 May 2024
MISS A E GOMM
Registered Charity No 233425
| 2023/24 Fixed Assets £ Properties (as per valuations 2020) 850,000.00 Current Assets Bank Balances at 31 March 2024: Santander - Business Saver (TO CLOSE) 4,344.27 Lloyds plc - Current Account NEW 15,180.85 COIF deposit fund OLD 538.34 Shawbrook fixed rate saver CLOSED - CCLA COIF investment (at Aug 2023) 140,000.00 See note 2CCLA investment growth (estimated) 15,531.47 175,594.93 Current Liabilities See note 3Creditors - disputed invoice 923.40 Net Current Assets Net Assets Represented by: ASSET FUND BALANCES Revaluation Reserve at 31 March 2020 General Purpose Fund (b/fwd plus annual surpluses) Audit Committee Report to the Trustees of A E Gomm Charity |
2023/24 £ 850,000.00 4,344.27 15,180.85 538.34 - 140,000.00 15,531.47 |
2023/24 £ 174,671.53 £ 1,024,671.53 858,055.41 166,616.12 £ 1,024,671.53 |
2022/23 £ 850,000.00 70,491.01 1,480.94 524.68 81,303.74 - |
2022/23 £ 153,800.37 |
|---|---|---|---|---|
| 175,594.93 | 153,800.37 | |||
| 923.40 | ||||
| £ 153,800.37 | ||||
| 850,000.00 153,800.37 |
||||
| £ 1,003,800.37 | ||||
We have checked the Charity's Financial Statements for the year ended 31 March 2024 which comprise the RECEIPTS and PAYMENTS Account and BALANCE SHEET at that date.
In our opinion the financial statements give a true and fair view of the state of affairs of the Charity as at 31 March 2024 and Receipts and Payments for the year to that date.
| EXAMINER'S signature EXAMINER'S name Robin Bell P TEDDER, Chairman For and on behalf of the Trustees: A E GOMM CHARITY |
### |
|---|---|
| (Date) July2024 |
|
| (Date) |
ANNEX C
A E GOMM CHARITY
Composition of the Revaluation Fund as at 31st March 2024 (per the Balance Sheet)
| Up until 31st March 1997 59 & 60 Surrey Avenue valued in Balance Sheet at: Additional purchase: 61 Surrey Avenue [1997] Revaluation Reserve Account Balance at 31st March 1998 1998/99 Revaluation of properties Less value at 31st March 1998 Transfer to Revaluation Reserve Account 31st March 1999 2004/05 Revaluation of properties Less value at 31st March 1999 Transfer to Revaluation Reserve Account 23rd August 2004 2007/08 Revaluation of properties Less value at 31st March 2004 Transfer to Revaluation Reserve Account 23rd August 2007 2011/12 Revaluation of properties Less value at 31st March 2007 Transfer to Revaluation Reserve Account 23rd November 2011 Land Registry & Nationwide Index Valuation at 31st March 2016 Less value at 31st March 2011 Transfer to Revaluation Reserve Account 31st March 2016 2016/17 Revaluation of properties Less value at 31st March 2016 Transfer to Revaluation Reserve Account 31st March 2017 2019/20 Revaluation of properties Less value at 31st March 2017 Transfer to Revaluation Reserve Account 31st March 2020 Revaluation Reserve Account Balance at 31st March 1998 Transfer 31st March 1999 Transfer 23rd August 2004 Transfer 31st March 2016 Transfer 30th June 2016 Transfer 15th June 2020 Balance as at 31st March 2020 |
£ 4,569.91 2,374.68 |
|---|---|
| 6,944.59 128,055.41 |
|
| 135,000.00 | |
| £ 224,000.00 135,000.00 |
|
| 89,000.00 | |
| 535,000.00 224,000.00 |
|
| 311,000.00 | |
| £ 560,000.00 535,000.00 |
|
| 25,000.00 | |
| £ 520,000.00 560,000.00 |
|
| (40,000.00) | |
| £ 680,000.00 520,000.00 |
|
| 160,000.00 | |
| 620,000.00 680,000.00 |
|
| (60,000.00) | |
| £ 850,000.00 620,000.00 |
|
| 230,000.00 | |
| £ 128,055.41 89,000.00 311,000.00 160,000.00 (60,000.00) 230,000.00 |
|
| £858,055.41 |
Historic valuations undertaken by a RICS registered Valuer up to 15th June 2020 and are shown above. In accordance with the meeting of Trustees held on 28th August 2019 and in compliance with the Charity Commission Regulations revaluation of the Trust properties were required. To comply with the regulations the most recent valuation was prepared by CLM Surveyors LLP on 15th June 2020 and is due again in mid 2025.
RGB124 May 2024
MISS A E GOMM
Registered Charity No 233425
Notes STATEMENT OF ACCOUNT AND REPORT FOR THE YEAR ENDED 31 MARCH 2024
| Receipts & Payments Receipts Monthly Maintenance Charges (MMC) Interest - Santander Business Saver Interest - Shawbrook Interest - COIF deposit fund Power Generation (Feed-in-Tariff) Compensation for fence damage - Chaffin Ltd Transfer - from Santander and Shawbrook accounts Total Receipts Direct Charitable Payments Administration items various Consumables (stationery, stamps & printing for year) Almshouse insurance (30/6/23-29/6/24) Annual Landlords Gas Safety Check - All Properties Water Rates Bills: 59 Surrey Avenue only Gifts and Professional fees National Almshouse Association Subscription No 59 Repairs various ) No 60 Repairs various ) inc agent's £600 fee - £200 each unit No 61 Repairs various ) CCLA COIF Investment purchased Total Payments Net Receipts for the year Net balances to be carried forward ADD :Net Receipts (and Income brought forward from 2023-24) |
2023/24 £ 21,539.16 180.60 476.23 13.66 3,869.47 180.00 146,303.74 £172,562.86 1,370.00 175.13 617.18 742.75 284.00 666.00 267.00 620.00 4,390.75 10,614.30 140,000.00 £159,747.11 12,815.75 153,800.37 £166,616.12 |
2022/23 £ 14,302.99 9.16 252.48 9.15 4,872.63 1,320.00 N/A £20,766.41 1,828.29 19.60 538.90 225.00 284.00 170.00 153.00 2,601.47 2,273.10 2,640.74 N/A £10,734.10 10,032.31 143,768.06 £153,800.37 |
|---|---|---|
EXPLANATORY NOTES
-
The accounts for the year ended 31 March 2024 have been compiled on a "Receipts and ## Payments" basis again, so that any strict comparison with prior years is difficult, as those years were on an "Income and Expenditure" basis. This change was made to simplify the accounts and improve understanding. As a result of this change, there is no longer a need for debtors and creditors, accruals and prepayments. The Balance Sheet is thus a statement of all assets - fixed assets being the latest RICS valuation of the 3 properties held by the charity, and the bank accounts and investments held on 31 March 2024.
-
A COIF investment of £140,000 was made in mid 2023, and interest is capitalised. I have estimated that the growth since investment would be about 11% and this is included in the assets for completeness.
-
There is an invoice in dispute which has been included as a potential liability.
RGB/24 May 2024
MISS A E GOMM
Registered Charity No 233425
| 2023/24 Fixed Assets £ Properties (as per valuations 2020) 850,000.00 Current Assets Bank Balances at 31 March 2024: Santander - Business Saver (TO CLOSE) 4,344.27 Lloyds plc - Current Account NEW 15,180.85 COIF deposit fund OLD 538.34 Shawbrook fixed rate saver CLOSED - CCLA COIF investment (at Aug 2023) 140,000.00 See note 2CCLA investment growth (estimated) 15,531.47 175,594.93 Current Liabilities See note 3Creditors - disputed invoice 923.40 Net Current Assets Net Assets Represented by: ASSET FUND BALANCES Revaluation Reserve at 31 March 2020 General Purpose Fund (b/fwd plus annual surpluses) Audit Committee Report to the Trustees of A E Gomm Charity |
2023/24 £ 850,000.00 4,344.27 15,180.85 538.34 - 140,000.00 15,531.47 |
2023/24 £ 174,671.53 £ 1,024,671.53 858,055.41 166,616.12 £ 1,024,671.53 |
2022/23 £ 850,000.00 70,491.01 1,480.94 524.68 81,303.74 - |
2022/23 £ 153,800.37 |
|---|---|---|---|---|
| 175,594.93 | 153,800.37 | |||
| 923.40 | ||||
| £ 153,800.37 | ||||
| 850,000.00 153,800.37 |
||||
| £ 1,003,800.37 | ||||
We have checked the Charity's Financial Statements for the year ended 31 March 2024 which comprise the RECEIPTS and PAYMENTS Account and BALANCE SHEET at that date.
In our opinion the financial statements give a true and fair view of the state of affairs of the Charity as at 31 March 2024 and Receipts and Payments for the year to that date.
| EXAMINER'S signature EXAMINER'S name Robin Bell P TEDDER, Chairman For and on behalf of the Trustees: A E GOMM CHARITY |
### |
|---|---|
| (Date) July2024 |
|
| (Date) |
ANNEX C
A E GOMM CHARITY
Composition of the Revaluation Fund as at 31st March 2024 (per the Balance Sheet)
| Up until 31st March 1997 59 & 60 Surrey Avenue valued in Balance Sheet at: Additional purchase: 61 Surrey Avenue [1997] Revaluation Reserve Account Balance at 31st March 1998 1998/99 Revaluation of properties Less value at 31st March 1998 Transfer to Revaluation Reserve Account 31st March 1999 2004/05 Revaluation of properties Less value at 31st March 1999 Transfer to Revaluation Reserve Account 23rd August 2004 2007/08 Revaluation of properties Less value at 31st March 2004 Transfer to Revaluation Reserve Account 23rd August 2007 2011/12 Revaluation of properties Less value at 31st March 2007 Transfer to Revaluation Reserve Account 23rd November 2011 Land Registry & Nationwide Index Valuation at 31st March 2016 Less value at 31st March 2011 Transfer to Revaluation Reserve Account 31st March 2016 2016/17 Revaluation of properties Less value at 31st March 2016 Transfer to Revaluation Reserve Account 31st March 2017 2019/20 Revaluation of properties Less value at 31st March 2017 Transfer to Revaluation Reserve Account 31st March 2020 Revaluation Reserve Account Balance at 31st March 1998 Transfer 31st March 1999 Transfer 23rd August 2004 Transfer 31st March 2016 Transfer 30th June 2016 Transfer 15th June 2020 Balance as at 31st March 2020 |
£ 4,569.91 2,374.68 |
|---|---|
| 6,944.59 128,055.41 |
|
| 135,000.00 | |
| £ 224,000.00 135,000.00 |
|
| 89,000.00 | |
| 535,000.00 224,000.00 |
|
| 311,000.00 | |
| £ 560,000.00 535,000.00 |
|
| 25,000.00 | |
| £ 520,000.00 560,000.00 |
|
| (40,000.00) | |
| £ 680,000.00 520,000.00 |
|
| 160,000.00 | |
| 620,000.00 680,000.00 |
|
| (60,000.00) | |
| £ 850,000.00 620,000.00 |
|
| 230,000.00 | |
| £ 128,055.41 89,000.00 311,000.00 160,000.00 (60,000.00) 230,000.00 |
|
| £858,055.41 |
Historic valuations undertaken by a RICS registered Valuer up to 15th June 2020 and are shown above. In accordance with the meeting of Trustees held on 28th August 2019 and in compliance with the Charity Commission Regulations revaluation of the Trust properties were required. To comply with the regulations the most recent valuation was prepared by CLM Surveyors LLP on 15th June 2020 and is due again in mid 2025.
RGB124 May 2024