REGISTERED CHARITY NUMBER: 233731 THE WILLIE ALMSHOUSÉ CHARITY FINANCIAL STATEMENTS FOR THE YEAA ENDED 31 DECEMBER 2024
THE WILLIE ALMSHOUSE CHARITY CONTENTS OF THE FINANCIAL STATEMENTS FOR THEYEAR ENDED31 DECEMBER2024 Page Report of the Trustees ndependent Examlner's Report Statemgnt of Flnanclal Actlvlt1#5 Balance Sheet Note5 to the Flnanclal Statemerts 8 to 17 Oetslled Statement of Fln3nclal knllvltles 18 10 19
THE WILLIE ALMSHOUSE CHARITY REPORT OF THE TRUSTEES FOR T14E YEAR ENDED 31 DECEMBER ZOZ4 The Trustees present thelr report along wlth the flnanclal statements ol the charlty for the year ended 31 December 2024. The trustees have adopted the provisions of the Statement of Recommended Practice ISORPI "Accountin8 and Reportlng by Charltles" In preparlng the annu81 report and flnanclal statements of the charlty. The Ilnancial statements have been prepared In accordance wlth the accountlns poll¢les Set out in notes to the a¢¢punts on pages 8, 9 and 10 and comply with the charltV'5 governbng document, the charitles Act 2011 and Atcountlng and Reporting by Ch3rltles'. Statement ol Recommended Practlce appllcable to charSties preparing thelr accounts In accordance with the Flnanclal Reportlng Standard appllcable In the UK and Republic of Ireland published In October 2019. OBJECTNES AND ACTIVITIES Oblectlves and alms The main object ol the Charlty Is the provlslon of houslng for poor persons who, except special cases to be approved by the Charlty Commlsslon, are resident In the parlsh of Great Totham and are members of the Church of England. Appllcatlon of Income The net Income shall be applled Ilrst to repaSr, insure and meet all other outgolngs In respect of the Charlty's prtsperties and all proper costs of the Charity's administration and rnanagement, Thereafter net Income shall be applied for the benefit of the almspeople of the Charlty. A¢tlvliles The Charlty alms to provlde almshouses to a Decent Homes Standard for its beneficial class. The Charity currently provldes seven almshouses and Its alm Is to uilllse these as far as posslble lo meet the oblectlves of the Chaiity. Publlc benefit These actlvities are considered to be for thè publlc benefit and in runnlng the Charity th& Trugtees have regard foy the Charity Commis51on guidance on publ1¢ beneflt. ACHIEVEMENT AND PERFORMANCE Charltable actlvltles The Trustees attended four Meetings in the year. They tontlnued to be concerned for the malnten3nce of the almshouses and welfare of resident5. In particular the outdated nlght storage heaters were of concern and the Trustees a8re8d to replace them on vacant posse&0. At the end of the yea¥ three vacandes arose In successlon. The new heatln8 has been fitted to these and one other and had improved the cornfort and economy ol heating the almshovses. FINANCIAL REVIEW Fln?nclal posltlon The charlty's Ilnan£Sal posltlonls as set out in the Balance Sheet on page 6 and 15 con51dered satisfactorv. RÈserves pollcy The Charlty's pollcy on reseNes Is to malntaln sufflclent reserves to enable the Charlty to continue to achleve Its prlnclpal oblectlves,
THE WILLIE ALMSHOUSE CHARJTY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 FUTURE PLANS The fru5tees were disappolnted that thelr applltètlon for planning consent for two ¢ottages In the garden5 of the almshouses was turned down. They remain convlnced ol the need for more affordable housing In the vlllage and have contlnued to set aslde funds lo enable new almshouses lo be bullt should a suitable plot of land arlse. STRUCTURE, GOVERNANCE AND MANAGEMENT Goverrtlng document This registered Charity, Reg15tered Charlty number 23373115 Bgverned in accordance wlth a Schem& sèaled by the Charity Commissloners on 11 March 1993 and variations dated 26 July 2007, 10 September 2014, 27 May 2015 and 21 November 2018. R•crultment and appolntment of new trustees As vacancies for Trustees 3rlse appllcations are sought from potentlal candldates known to the Trustees and other wltable local people. Appllcants are then ton51dered iiy theTrustees and appolntmènts made by iesolutlon of the Trustees. Organlsatlonal structure Day to day admlnlstratlon of the Charlty is carrled out by the Clerk who rep(wts to the Trustees. Inductlon and tralnlng of Mèw trustees New Trustees are briefed by the Clerk and the 2Sting Trustees on the hlstory and actlvltles of the Charity. They are provided wlth B copy of the Charity Commission publlcatlon "The E5sentlal Trustee detalling thelr responslblllties and providing guldance on being a Trustee. New Trustees are provlded w4th 3 topy of the Charity Scheme and the latest account5. Related pzrtles There are no oiher charitles related to the Wlllle Almshouse Charity. The Clerk to the Charlty Is also Clerk to other almshouse ch8ritles. Rlsk man#8ement The trustees have 4 duty to Identify and reMew the rlsks lo which the ¢harlty Is exposed and to ensure approprlate contrds are In place to provlde reasonable a5suran¢e agaln5t fraud and error. Through the employment of professional advlsors the Trustees seek to ensure that all of the Charlty's management and decision making processes take full account of, and comply wlth, relevant leglslatlon and regulatory controls. In5vrance includÈng property owner5hSp and public Ilablllty Is rea5ses5ed annually. REFERENCE AND ADMINISTRATIVE DETAIL5 Rexi5tered Charlty number 233731 Prlt7clpal address 18 Newbrid£e Hill West Bergholt Colche5ter E55e¥ C063ER
THE WILLIE ALMSHOUSE CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees Mrs L Bettley R Mcpherson Mrs V Ellams Mrs K Tarpey Ms K Beer Mrs G Holmes Mis A Heavlslde G O'Drlscoll H 8as5 Independent Exzmlner Melind8 Slmpson TC Group Accountants Town Wall Hous2 8alkerne Hlll Colchester Essex C03 3AD Solitttors John Fowlers LLP Town Hall Charnber5 St Runwèlds Street Col¢hÈstÈr Essex COI IDS Bankers Barclays Bank PLC I Churchlll Place London E14 5HP Clérk to the Charlty Mrs C Heyes 18 Newbridge Hill West Bergholt Colchester Essex C06 3ER
THE WILLIE ALMSHOUSE CHARITY REPORT OF THE TRUSTEES FOR TH£ YEAR ENDED 31 DECEMBER 2024 Approved by order of the board of trLtstees an. and signed on Its behalf by.. G O'Drls¢oll - Trustee
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE WILLIE ALMSHOUSE CHARITY Independent exam5ner's reportto the trustee5 of The Wlllle Almshouse Ch3rltv I report to the charity Iru5tees on my examlnation of the accounts of The WSllle Almshouse Charlty (the Trust) for the year ended 31 Detember 2024. Responslbllitle5 3lld basls of report A5 the tharity trustees trf the Trust you are responslble for the preparallon of the accounts In accordance wlth the requlrements of the Charltles Act 20111'the Act'l. I repryt in respect of my ex3mlnatlon of the Trust's actounts carrled out under Section 145 of the Act and In ca¥ryln8 out rny examlnation I have followed 811 applicable Dlrectlons given by the CharSly Commission under Sectlon 14515llbl of the Ad. Independent examlner's statement I have completed my examin31ion. I conflrm that no Yn8terlal matters have cgme to my attentlon In connectlon with the examlrtatlon glving me cause to belleve that In any material respect.. accountlng records were not kept In respect of the Trust as requSred by Secllon 130 of the Act, or the account5 do not accoyd wlth those records. or the accounts do not comply with the applicable requirement5 toncernlng the form aftd content of accounts set out in the Charit125 IAccounts and Reports) Regulallons 2008 other than any requlrement that the accounts give a true and falr vlew whlch Is not a matter consldered as part of Independent examlnatlon. I have no concerns and have come across no other matters in connection wlth the examinatlon to which attentlon should be drawn In this report In order to enable 3 proper understandin8 of the accounts to be reached. Melinda 51mpson TC Group Accountants Town Wall House Balkerne Hlll Colchester Essex C03 3AD Date..
THE WILLIE ALMSHOLISE CHARITY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED31 DECEMBER 2024 2024 Total funds 2023 Total fund5 Unrestricted funds Restrlcted fund Notes INCOME AND ENDOWMENTS FR( Charttable actlvltles Almshouse5 actlvlty 41,733 41,733 0,592 Investment Inctsrne 8,252 7,28D Total 49,985 49.985 EXPENDITURE ON Charltable actlvltles Almshouses actlvity 11,424 11,424 37,066 Other- exceptlonal item 18,602 IB,602 Total 30,026 30.026 37,D66 19,959 19.959 10,8C Net galns on Investments 6,816 6,816 3,84S NEf INCOME 26,775 26,775 14,651 Other tecognlsed gakns/llossèsl Gains on revaluation of fixed assets 253,393 Net movement In fuhds 26,775 26,775 268,044 RECONCILIATION OF FUNDS Total funds brought forward 1.251N33 107.988 1,359.421 1,091,377 TOTAL FUNDS CAARIED FORWARD 1,278,208 107,988 1.386,196 1,359,421 CONTINUIN6 OPEAATIONS All Income and expenditure has arlsÈn from contlnuln8 aCtItIes. The notes form parl of these linancial statement5
THE WILLIE ALMSHOUSE CHARrry BALANCE SHEET 31 DECEMBER 2024 2024 Total lunds 2023 Total funds Unrestrtcted lunds Restrlcted fund Note5 FIXED ASSETS Tanglble assets Investments io li 1,022.069 188,175 107,988 1,130,057 188,175 1,130,057 174,203 1,210,244 107,988 1,318.232 1,304,260 CURRENT ASSETS Debtors Cash at bank 12 1,879 59.449 1,879 69,449 21,695 35,744 71,328 71.328 57,439 CREDITORS Amounts falling due wlthln one year 13 13,3641 13,3641 12,2781 NET CURREhtT ASSETS 67.964 67.964 55,161 TOTAL ASSEfs LE55 CURRENT LIABILITIES 1,278,208 107.988 I86,196 1,359,421 NET ASSEfs 1.278,208 107,988 1,386.196 1,359,421 FUNDS Unrestricted funds Restricted funds 14 1,278.208 107,988 1,251,433 107,988 TOTAL FUNDS 1,386,196 1,359,421 The flnanclal statements were approved by the 8oa¥d of Trustees and authorlsed for Issue on and were slgned on Its behall by: G Q'Driscoll- Trustee K Beer- Trustee The notes form part ol these flnancial statements
THE WILLIE ALMSHOUSE CHARtrY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OECEMBER 2024 ACCOUNTING POLICIES Basls of preparlng the flnancl315tatements The linanclal Statements of the charity, whlch Is a publSc beneflt entlty under FRS 102, hBve been prepared I auordance wlth the Chartties SORP IFRS 1021 'Accountlng and Reporti8 by Charities.. Statement of Recommended Pr3ttlce applicable to thailtles preparlng thelr accounts in accord8ncÈ wlth the Financial Reportlng Slandard appllcable In the UK and Republic of Ireland IFRS 1021 leffectlve I january 20191,, Finariclal Reportlng Standard 102 'The Flnanclal Reporting Standard appllcable in the UK and Republic of Ireland, and the Charlties Act 2011. The financial statements have been prepared under the hlstorlcal cost conventlon, with the extepdon that houslng propertles are included at valvatlon and Investments which are included at rnarket value. The flnanclal statements are presentsd In sterllng whlch Is the functional currency of the charlty and rounded to the nearest £. Fub)d accouhtln8 Unrestrlcted funds can be used In accordance with the charltable objectives at the dlscretlon of the trustees. Dèslgnated funds are unrestrl¢ted funds of the charlty whlch the trustees have decided at thelr dlscretlon to set aside to use for a Specific purpose. Restricted funds can onl¥ be used for partlcular restrlcted purp05e5 wlthin the objects of the charlty. Restriclions ar5se when specifled by the donor or when funds are r3ised for partlcul31 restrlcted puiposes. Further explanation of the nature and p(trpose of each fund Is Included in the notes to the fin3ncial statements. Golng concèrn The accounts are prepared on a golng concern basls as there are n¢ material uncertalntles 8bout the Charity's abillty to contlnue, Income All Intome Is recognlsed In the Statement of Flnanclal Activitles once ihe charity has entiilement to the funds, It15 probable that the Income wlll be received at7d the amount ¢an be rneasured reliably. IncomÈ from government and other grant5, whether 'capltal' grants or 'revenue' grants, Is recogni5ed when the Charlty has entitlement to the funds, any performance tondltions altached to the grants have been met. It 15 probable that the income wlll be recelved and the amount can be measured rellably and is not deferred. For legacles, entltlement is taken as the earlier ol the date on whith either.. the Charity Is aware that probate has been granted, the e5t3te has been flnallsed and notiflcation has been made by the executorlsl to the ch3rlty that a distrlbution will be made, or when 3 dislributlon Is recelved from the estate. Donatlons 3nd other voluntary Income are reflected In the accounts for the perSod In whlch they are recdved. Donations in klnd are reco8nlsed by the Charity when recelved excepl in the case of services provided free or underwdlue by volunlaiy staff or others which are not reflected In the 3ccounts. Interest recelvable Interest on funds hetd on dep051t is Included when recelvable and the amount Ean be measured rellably by the Charity, thls Is normally upon notlflcation of the Interest pald or payable by the Bank.
THE WILLIE ALMSHOUSE CHARITY NOTES TO THE FINANCIAL STATEMENTS- contlnuÈd FOR THEYEAR ENDE031 DECEMBER 2024 ACCOUNTING POLICIES. contlnued Expendttuye Llabllltles are recognlsed as expendllure as soon as there Is a legal or constructlve obllgatlon comrnittlnÈ the charity to that expenditure, it Is probable that a transfer of economlc benefit5 will be requlred in settlement and the amount of the obligatlon can be measuyed rellably. Expendlture Is ac¢ounted for on an accruals basis and has been classlfled under headlngs that aggregate all cost related io the £3te8ory. Where costs cannot be directly attributed to particular headin85 they have been allocated to activltles on a basi5 consistent with the use of resources. Rgpalrs and malntenance of pfopertles The charges In the 5t3tEment of Financlal Actlvities in respect of Cyclical Malntenance and Extraordinary lep31rs rellect the Trustees, constant concern to keep the properties in good condition, and are In accordance wlth the Almshouse As5DclaYons' Tecommendation that Alrnshouse Charities should set aside each year speclfic sums In this respect. Transfers are made from thè Accumulated Inu)me fund each year to the Exbaordlnary Repair Reserve to cover extraordlnary repalrs as they arise 3nd to the Cyclical Mabntenance Reserve to cover repalrs whlch arise on a cycllcal basls. Support GQ5ts The Charlty's goveinance costs are allocated entlrely to the Almshouse Costs since support costs ie13tln8 to other actlvltles are c(>nsldered Immaterial. TJnBlble fixed assets OU51n8 Propertle5 The houslng prop£rtles are Included in the accounts at thelr Insurance relnstatement valup. Addltlon5 after each revaluatlon are Included at ¢ost untll a further revaluation, The houslng properties are not depreclaied as revaluations ère performed wlih sufflclent regularlty to ensure that the ¢arrylng amounts are not materially mlsstated. The cost of refurblshment and Imprcpvements to the exlstln8 property are written off to the Extraordlnary Repalr Reserve or the Accumulated Income fund as Incurred. Investments Investments are shown on the B31an¢e Sheet at thelr mid-market value. Changes in market value5 durlng an accoyntlng perlod are reflected In the accounts as unrealised galns or I0s5es. Upon disposal of an Investment the difference between orlgln81 cost and disposal proceeds is reflected in the accounts as a realised galn or loss and an adlustment Is made to unrealls&d galns or losses to Yeveyse unreallsed rnovements In value In earller years. Debtors Co¢Ftrlbution and other debtors are recognised at the settlement amount due. Prepawllents are valued at the amount prepald net of any trade discounts due. Cash at bank Cash at bank and cash In hand Includes cash and short term hlghly liquid Investment5 Wlth a Short maturlty of three months or less from the date ol acquisltion or openlng of the deposlt or slmllar a£count.
THE WILLIE ALMSHOU CHARITY NOYES TO THE FWANCIAL STATEMENTS. contlnued FOR THE YEAR ENDED 31 OECEMBER 2024 ACCOLINTING POLICIES- tontlnued Credlttsrs ab7d prov151ons Creditors and provlslons are recogn15ed where the Charity has a present obllgatlon resulting from a past event that wlll probably result In the transfer of funds to a thsrd party and the amount due to settle the obligation can be measured or estimated rellably. Credltors and provlslons are nMallY recognlsed al their settlement amount after Ilowing for any trade dlscounts due. Taxatlon The charltyls exempt frtsm tax on Its charltable actlvltles, INVESTMENT INCOME 2024 2023 Dlvidet7d income COIF deposlt account Interest 7,IS4 1,098 6,338 942 8,252 7,280 For year endln8 31 December 2024 accum¢Jlatltsn share div4dends have been accountecl for 3s Investment additions and Investment Income. The comparative amounts for the YEar ended 31 December 2023 have been reclasslfied to refleGI the accumulatlon Share dlvldends of £6,338 as Investment Income wllh the net galns on Investments reduclng from £10,183 to £3,845. INCOME FROM CHAR ABLE ACTivmE5 2024 2023 Almshouses activity Contrlbutlon5 receivable L0$5e5 from vacant propertles 43.463 1,7301 42,031 1,4391 41,733 40,592 CHARITA8LE ACTNITIES COSTS Dlrect Costs (see note 51 Support Costs (see note 61 Totals Almshouses attlvllv 5,5S8 5,866 11.424 -iO-
THE WILLIE ALMSHOUSE CHARITY NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR ThE YEAR ENDED 31 DECEMBER 2024 DIRECT COSTS OF CHARITABLE ACTIVITIES 2024 2023 Vacant property costs Water charges Insurance Llght and heat Repalrs and malntenance Extraordlnary repalrs Gardenlng Sundry expenses Bad debt WTitten olf 104 758 1,131 300 4,090 21,846 2,920 40 239 loo 1,007 419 1.595 33 I,S03 5,558 31,428 SUPPORT COSTS Governance costs Management Totals Almshouses actjvlty 4,123 1,743 5,866 Support Costs, Induded In the above, are as follows-. 2024 Almshou5e5 actjvity 2023 Total actlvities Administration lees Sub5UlPtions Independent examinatlon fees Accountaricy fees 3,780 343 180 1,563 3,780 196 174 1,488 5.866 5,638 TRUSTEES, REMUNERATION AND 8ENEFITS There were no Irustees, remune¥atlcn or other benefits lor the year ended 31 December 2024 nor for the year ended 31 December 2023, Trustees, expenses There were nD trustees, expenses pald for the year ended 31December2024 nor for the year ended 31 DecembEr 2023. -li-
THE WILLIE ALMSHOUSE CHARITY NOTES TO THE FINANCIAL STATEMENTS. contlnued FOR THE YEAR ENDED 31 DECEMBER 2024 EXCEFTIONAL ITEMS Durlng the year ended 310ecember 2024, the charity incurred exceptlon81 expendlture of £18,602 relating to the write-off of development tttsts for two proposed almshouses. Planning permlsslon for the development was refused by the local authorlty and as a result, the trustees determlned that the cost5 no longer had recoverable value. Ng further costs are expected to be Incurred In relatlon tts thls prol¢Gt, and the tharlty is revlewing alternatlve optlons to fulfll its htsusin8 objectives. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Restrlcted fund Total funds INCOME AND ENDOWMENTS FROM Chafltable actlvltles Almshouses actlvlty 40,592 40,592 Investment Income 7,280 7,280 Total 47,872 47,872 EXPENDITURE ON Charltable actlvltles Almshouse5 activlty 37,066 37,066 10,806 10,806 Net galns on Investments 3,845 3,845 NETINCOME 14,651 14,651 Other TecoBnlsed galn$/llossesl Galns on revaluat1 of flxed a55ets 253,393 253,393 Net rnovement In funds 268,044 268,044 RECONCILIATION OF FUNDS Ttstal funds brought forward 983 389 107,988 1,091,377 TOTAI FUNDS CARRIED FORWARD 1,251,433 107,988 1,359 421 -12-
TrIE WILLIE ALMSHOUSE CHAAITY NOTES TO THE FINANCIAL STATEMENTS- tontlnued FOR THE YEAR ENDED 31 DECEMBER 2024 io. TANGIgLE FIXED ASSETS Freehold property COST OR VALUATION At l J8nu3ry 2024 and 31 De¢ember 2Ct24 1,130,057 BOOK VALUE At 31 December 2024 1.130.057 At 31 December 2L123 1,130,057 Housing propertles represents seven almshou5e5 belng number5 2 to 12 leven numbers only) Schod Road, Great Totham, Naldon, Essex and the School Room attached. The Land and Buildlngs were last revalued at their Insuran relnstatement value as at 30June 2023, amountln8 to £1,130,057. Cost or valuatlon at 31 December 2024 15 represented by.. Freehold property Accumulated revaluatlon gaSns Cost 820,195 309.862 1.130,057 -13-
THE WILLIE ALMSHOUSE CHARbTY DETAILED STATEMENT OF HNANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 INCOME AND ENDOWMENTS Investment Income Dlvldend Income COIF deposit account Interest 7,154 1,098 6,339 941 8,252 7,280 Charitsble attlvltle5 Contributions recelvable Losses from vacanl propertSes 43,463 11,7301 42,031 11,4391 41,733 40,592 Total coMIng rosourtes 49,985 47,872 EXPENDITURE Charltable actfvltles Vacant propÈrtV Costs Water charges Insurance Llght and heat Repalrs and malntenanc Extraordinary repalrs Gardenlng Sundry expenses Bad debt wrStten uff 901 loo 1,007 104 758 1,131 300 4,090 21,846 2,92 40 239 419 1,595 33 1.503 S.558 31,428 other Exceptional items- abortSvE capital expendlture 18,602 Support costs mageMent Admlnlstratlon feES Subscriptions 3.780 348 3,780 196 4,123 3,976 Thls page does not fom part of ihe statutory fi'nanclal statements -18-
THE WILLIE ALMSHOUSE CHARITY DEfAILED ATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEM8ER 2024 2024 2023 Management Goveman¢e costs Independent examinallon feES Accountancy fees 180 1.563 174 1,488 1,743 1,662 Total re50urces expended 30,026 37,066 Net Income 19,959 10,8Q6 This page does not form part of the statutory flnanclal statements -19-