MISS A E GOMM
Registered Charity No 233425
STATEMENT OF ACCOUNT AND REPORT FOR THE YEAR ENDED 31 MARCH 2025
| 1 Receipts & Payments Receipts 2 Monthly Maintenance Charges (MMC) 3 Interest - Santander Business Saver 4 Interest - Shawbrook 5 Interest - COIF deposit fund 6 Power Generation (Feed-in-Tariff 7 Compensation for fence damage - Chaffin Ltd Creditor written off from 2023-24 8 Opening balance (23-24 Transfers in - from Shawbrook account) 9 Total Receipts Direct Charitable Payments 10 Administration items various 11 Consumables (stationery, stamps & printing for year) 12 Almshouse insurance (30/6/23-29/6/24) 13 Annual Landlords Gas Safety Check - All Properties 14 Water Rates Bills: 59 Surrey Avenue only 15 Gifts and Professional fees 16 National Almshouse Association Subscription 17 No 59 Repairs various ) 18 No 60 Repairs various ) inc agent's £600 fee - E200 each unit 19 No 61 Repairs various ) 20 CCLA Investment (£20k) and Lloyds Savings opening deposit (£1k) 21 Sundries 21Total Payments 22Net Receipts for the year 23 ADD: Net Receipts (and Income brought forward from 2023-24) 24Net balances to be carried forward EXPLANATORY NOTES |
2024/25 25,890.28 60.57 2,775.83 226.00 923.40 14,180.85 £44,056.93 1,753.09 38.05 544.24 225.00 358.00 150.00 275.00 921.94 600.00 21,000.00 174.01 £26,039.33 18,017.60 166,616.12 £184,633.72 |
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 12,815.75 143,768.06 |
||
| £156,583.81 |
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The accounts for the year ended 31 March 2025 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 2025.
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COIF investments of E160,000 have been made to date. The units held were valued at 31 March 2025, at £172,094, an increase since purchase of 7.6% (or E12,094)
RGB/31 July 2025
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MISS A E GOMM
Registered Charity No 233425
| 25 26 27 28 29 30 31 32 33 34 |
Fixed Assets Properties (as per valuations 2020) Current Assets Bank Balances at 31 March 2025: Santander - Business Saver (TO CLOSE) Lloyds plc - Current Account CO!F deposit fund OLD Shawbrook closed 2024/25 19,954.73 640.81 See note 2 CCLA investment (at 31 March 2025) 172,093.59 Current Liabilities 192,689.13 See note 3 Creditors Net Ctirrent 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 |
2024/25 19,954.73 640.81 172,093.59 |
2024/25 850,000.00 192,689.13 E 1,042,689 .13 858,055.41 184,633.72 £ 1,042,689.13 |
2023/24 4,344.27 15,180.85 538.34 155,531.47 |
2023/24 850,000.00 174,671.53 |
|---|---|---|---|---|---|
| 192,689.13 | 175,594.93 | ||||
| 923.40 | |||||
| E 1,024,671.53 | |||||
858,055.41 166,616.12 |
|||||
| £ 1,024,671.53 |
We have checked the Charity's Financial Statements for the year ended 31 March 2025 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 2025 and Receipts and Payments for the year to that date.
EXAMINER'S signature EXAMINER'S name P TEDDER, Chairman (Date) 2 " For and on behalf of the Trustees: A E GOMM CHARITY
ANNEX C
A E GOMM CHARITY
| 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 | |
| 224,000.00 | |
| 31^. ,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 |
|
| (60000.00) | |
| 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.
RGB/31 July 2025