REGISTERED CHARrrY NUMBER: 23S662 and r Ended Financial Statements for th Y ember 2 24 amin sco
min on Hastin s Consdid h Financial Statements for the Year End r 2024 Page Report of the Trustees 1104 Independent Examinerfs Report slement ol Financial Activtbes ststemant of Financial Positson Notes to the Financ1 Statements to11
Le mber 2024 Legal and Adminlstrallve Infomiatlon Reglstsred number 235662 Admirtitratlon Alexandra RJler Porthkven Marton Road 8irdingbury W3Ckshire CW23 8EH Flnanco Eu9ene Dtt¢)n Greenxres LeamirwJion Hastings Rugby WaTh¥ickshi CV23 80Z Regi¥lered by a Stheme of the Charity Commissiontsrs dated 6 February 1980, as vari•d by Schemes dated 9 September 1991 and 3 November 1995. The purposes of the Charlty reach bath into Ihe 17th Cenlury- Humphrey Davles, Almshouse5, Dam8 Dorothy Whelerfs Almshouses and Pory'5 Pkjt. Trust$ A body of Trustées comprising.. - Trustees appointed by the Parish Council ol Leominglon Hasb'ngs. each appointment being for a four-year l•m. Mrs Jan• CrwJw811 Mr Eugene Dixon Mr Jon Wilson untsl 10 May 2024 Iresigned on 13 May 20241 until February 2029 until May 2028 (Teplaced Mrs Jana c$Well) Trustees appointed by resolullon at a Speoal Meeting of the Trustees, each appointment for rivevyear lerm. Mr John Fishef Mr Paul Crawford Mr lan Sewe51 Ms Sonya West Mrs Joy Mitchell until May 2030 until May 2027 until May 2027 until August 2026 until September 2029 P89e 1
forlne Year EnQed 31 December 2024 Bank HSBC 126 The Paraje Leamington Spa WarnKkshiie CV32 4AJ Insurance Brokor Grout Insurance Brokers WOOlCh House 2n0 Fk)or. 43 George Street Croydon Surrey CRO 1LB Independent Exarnln•r Mr A Donahjson 17 Lake Walk Adderbury Banbury Oxfordshire OX17 3PF Alm¥ and Org•nl¥•tlon To monago the Almshous In Leamlngton Hatlngs for thfr accommodatlon of rg8ldontJ In confoimlty whh th• provlslons of th• Schemo. The Alrrshouses are intended for pcor and needy persons. Th•r• is rKs age roquiremont but there is a geographical priority. 1. Persons who were bom c¢ INe in the Parish of Leamington Hastings or have done so for a period of not less than consecutfve years. 2. Porsons who were tsjrn or Iwe in the defined are8 (see Scheme ot Adminlstrationl or have done so for a period of not less than two con¥eGutsve yeais. 3. Olher p¢)or persons. Appll¢atlon of Reslduary Incom• 1. To provide relief in need either generally or individualty to pérsons residenl in th8 Parish of Leamingloll Hastlngs who are in conditions ol need. hardship, or distress. 2. To repair. maintain, insure and improve the fabric of the Parish Churcm of the Eccle*a5trAI Parish of All Saints. Leamington Hastings. If and insofar as income is not required for applulion as afeSaId. the Trustees may apply the same for such charitable purposes for the ger)eral benefft of the inhabitan15 of the Parish of Leamington Haslings as the Trustsos think fft. Page 2
lidated Cha ort of the Trusle8S for the Year End 31 December 2024 Org•nis#tion Mr John Fi>her agreed to conlinue •$ Chairman until the May 2025 Annual General Meeb'ng. Tho Tru$t9es mgt on 4 occasions during 2024. Mr A Donaldson has teen appointed as Independent Examiner lor the ffinancial year ending 31 December 2024. Rovlow of Progress and A¢hl•v•m•nts Record of Residents." - Death5 Departures New residents Volds Resi¢Jenls as a131 December 2024 Resldents. Me¢tlng$ The Re$idenls' Meetings provide a channel of ecmmunication for residents lo Trustees and forum for the Trustees lo consult with the Residents supplemented by a newsletter produced distributed by th8 Clert. Th• Alm•hous• A•ioclatlon - The Almshouse Assoaation eontinues to hold local meeting$ In the Midlands. This national AssocIatn is an important source of guidance lo Trustees,, information about the significance of new *i$lalion and practical help if drfi¢ultles arise. Trustees are therefore very keen to supwt the Almshouse Association and neWed its membership dunng 2D24. The Charity holds a special disknnct in that 115 membershlp number is one $0 it is the first lisled member of the Association. Rèllef In Nood - The charity has provided finanual as%stsnce lo a kxal resident in Ihe Parlsh of LearngIOn Ha¥tings during the year IN order to help improve their quality of life. Page 3
Charltable Purposes forthe General Bgnefl¢ ofthe Inh•bitsnts ofthe Paflsh of Lèamlngton Hastlngs The trustees were pleased to be able to make several charstable donations during 2024. The charities supwrted benefit the residents of the Parish of Leamington Hastings and surrounding villages which include Leaminglon Hasb"ngs, Broadwell, Stc¢klon Station and kn'les Hardwick. A summary of the donations made dunng the year is glven belcw.. Leaminglon Ha31111gs Over 80's Club Leamington Haslings Silver Surfers Marton Cream Teas All Saints Church Leaminglon Hastings 8roadwell Meth¢xlisl Church Leaminglon Haslings Parish Hall £ 350.00 £ 750.00 £ 185.00 £ 950.IXI £ 600.00 £3.0.00 Data Protectlon - The Tnjstees cerbfy Ihat LHCC fvlly complies with the requirements of the GDPR as they appty lo thè Chanty. Tru8t••s Sherry Mornlng - The Trustees were pleased to be abre On again to hold a Sherry Morning in December. R•vl•w ol tho Flnancl•l Actlvttlm and Affalrn The Ststemenl of Financial Activities summarises the incoming resources and resources expended and these are analysed tehveen general funds and designated funds. Designated fun(Is are unreslricled funds, which are expendable at the discretion of the Tnjslees, bul whh have been specificalty earmarked as relating lo the Almshouses. The income funds ofthe Charity Include restricted funds for the purpose of providing extraordinary repair, irnprovem8nl or rebuilding of the Almshouses belonging lo the ConsolHlaled Charity. On a fund-by-fund basis, the Charity's assets are available and adequate to fvlfil its obl30n$. During the year all of the existing b'mber windows were replaced in the main building with n8w powder coated aluminium frames and double glazed sealed units. This upgrade was necessary lo replace the existing rotting bmber frames whilst also benefitting longer term wlh reduced heal loss and decorating costs. Tho total cosi of the replacement wind$ was £71,120.00 includin9 VAT. Also this year the trustees completed the building WOTk that had been identsfied as being necessary in the quinquennial report. This work amounted to a lotsl of £13,434.00 incl VAT. The Trusteès thank all those who helped the Chanty and its residents during the course of the year. Slgned on behalf of the Trustees Mr J N Fisher Chairman Page 4
Inde ndent Examinerfs Re ort to the Tnjstees of Leamin ton Hastin s Con501idated Chari I report on the accounts for the year ended 31 December 2024 set out on pages six to 8leven. Rosp8ctiv• r8sponslbilltle¥ of tn15tees and examiner The charity'5 Iru5tee5 are responsible for the Pfeparalion of the accounts. The charity's trustees consider that an audit is not required forthis year (under Section 14412} of the Charities Act 2011 (the 2011 Actll and that an independent examinats'on is required. It is ry reSponbIlIty to: examine the accounts under Secti¢>n 145 of the 2011 Act lo follow the procedures laid down in ihe General Directions given by the Charty Commission {under Section 14515)Ibl of the 2011 Act).. and lo stale whether particular fflatters have come to my attention. Ba¥ls ollh• Ind•p•ndent examlner'e report My examination was carried oul in ac¢ordance with the General Direct1$ given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and ¢omparison of the accounts pre%nted with those records. It also includes cKJnsideralion of any unusual items or discbsures in Ihe xcounts, and seeking explanations from you as trustees concarning any such matters. Thè procedures undertaken do not provid• all th• evidence that would be required in an audit, and consequently opinion is given as lo whether the anIS present a'lrue and fair view ' and the reF*Yt is limited lo those matters set out in the slatemenls below. Independent examlne¢s statement In Connection with my examinabon, no matter has com to my attèntion.. {1} whith gives mo reasonabl8 cause lo believe that, in any materral respect. the requlremenls lo keep accounting record$ in accordance with Section 130 of the 2011 Act., and lo prepare accoun1$ which accord with the accounting records and lo comply wllh the accounting requirements of the 2011 Act have not been met,. or 12) to Wh, in my opinion, attention should be drawn In or(ler lo enable a proFer understanding of the aexounts lo be reached. Andrew tjonaldson ACA 17 Lake Walk Adderbury Banbury Oxfordshire OX17 3PF Page 5
rnin n Haslin s Consolid Statement of Fin for the Year Ended 31 Decem 2024 31.12.24 Total funds 31.12.23 Total funds General fund Designated fund Restricted nd Notes Incomlng r•sourc•s Malnl8nan¢e conlnbulions 55,551 55.551 53,668 Investment incornè & donations 9,143 873 10,602 9.477 Total Incomlng rOUrc•S 06,153 63.145 9,143 56,424 586 Reiour¢¢• expended Direct charitable expendilure Administration 6,784 113.611 4,745 120,395 4,809 38,486 6.750 Total re8ourc88 expendgd 6.848 118.356 125,204 45,236 N•t Incomlng rn•ources b•for• Inv•8tm•nt 2,295 {61,9321 159,051) 17,909 Unreallsed g4ln•lIlHJ) on invgstmgnts 11.895 15.901 22,672 Net mov•monl In fund8 6.301 161,932) 12.481 {43,1501 40,581 Reconclllatlon of lund8 Total funds brought foThvard 343.289 159.752 757,494 716,913 254,453 Total fundo ¢4rrled f(¥nYord 260,754 281.357 172.233 714,344 757.494 Contlnulng Opèr10$ Al incoming resources and resources expended arise fr( Gonb'nuing activth'es. Page 6
Leamin ton Hastin s Cmsolidated Cha Statement of Financial Position Al 310ecember 2024 31.12.24 31.12.23 General Designated Restiicted Total funds Total funds fund fund fund Notes Flxed asset8 Tangible ossets Investrnents 246.249 246,249 336,489 246.249 320,588 176,272 160.217 176,272 246,249 160.217 582.738 586,837 Current 8880ts Debtors Prepayments and accrued income Cash at bank and In hand 775 775 1.453 1,9)2 38.609 1,902 135,200 8,138 84.575 12.016 84.575 41,286 12.016 137,877 195.636 Crodltors Amounts Palling due within one year (93) 16.178} 18,271) 14.9791 Net Currnnt assets 84.482 190 657 Total •s•el• le•s curr•nt Ilabllltlos 260,754 281.357 172,233 714,344 757,494 Nèt •88•ts 260.754 281,357 172,233 757.494 Fund• Unrestricted funds Restred funds 10 542.111 172 233 597,742 1 $9,752 Total fund• 757,494 The financial statements were approved by Board of Trustees on ... and were sw3ned on its behalf by". /,12f . Page 7
Notes to the Financial Statement for th Year End d 31 Decembef 2024 A¢countln9 pollcle8 Basis ofaccounting The finan¢ial statements have been prepared In accordan wrth Accountin9 and Reporting by Charities.. Stslement of Reeommended Practice appluble lo charities preparing their accounts in accordance with the Financial R8PQrting Standard applicable in the UK and Republic of Ireknd (FRS 1021 leffectwe 1 January 2015} - (Charities SORP {FRS 1021). The chamty meets the definition of a public benefit entty under FRS 102. Assets and liabilities are inrtially recognised at hisloric cost or transaction value unless otherwise stated In the rèlèvant accA)unting p)liry note. Incomlng resourGes Donations, legacies and grants recewablè are accounted for as SC)n as their amount and receipt are certain. In the case of unsoliciled dollalion5 this 15 Usually only when they are received, while fund raising results are accounteé for Y4hen the commitment is made by the dcmor. subject lo fulfilment. Maintenance contribulions are recogTh¢sed as they fall due. Resourc •xp•nd•d All expenses are accounted for on an accruals basbs. Expenditufe irturred in connection wth the specific objects of the chanty Is included on an item by item basis under the headlng 'clirecl CharItab expènditure.. Management and administration costs relate alrnosl entirety lo the operation of the Almshouses and all sueh costs have therefore been alloealed against designated fvnd$. Expenditure includes irre¢overable VAT Ythere incurr&J. Tanglble flx•d ••••t• FTeehold properties are incjuded 8t histor ¢osl. No deprecialion is provided as the properties are maintained to such a stsndard that the estimated residual value is not less than cost InvMtm•nt Fixed asset investments are slated at market value in ardance with the Statement of Recommended Practice. The Slalemenl of Financial Activils includes those unrealised gains and losses arising from the revaluation of the investment Portlolio during the year, Investrnent Income is accounted for on a le1¥able basL8. raxatlon The charty is exempt from tax on rts dritable activitias. pe8
Leamin lon Hastin s Consolidated Cha Notes to the Financial Stat ments- continued Year Ended 31 December 2024 Inv•stment Income 31.12.24 Total lund$ 31.12.23 Total funds Unrestricted Restrtted fund fund Deposit account interest Dividends Charilable donations 4,940 4,976 100 S.S26 4,976 100 4.592 4,885 10.016 70.602 9,447 Dlrect charitabl• 6xp•ndlture 31.12.24 Total lunds 31.12.23 Total lunds General fund Desnated tund Gas E*lrlcity Water rate8 Insurance Maintenance Gardening, cleaning & sundries Charitable payments & relief in need 6,815 2,215 6,815 2.215 1,609 1.938 95,880 5,154 6,784 7,328 1,041 1.681 1,936 10,338 5,778 10,384 1,938 95,880 5,154 6.784 6.784 113,611 120,395 38,486 Admlnlstration expenses Administratn expenses indudes £3.073 (2023 - £3,000> for the clerk and £60012023 - £6001 for the independent examinatson of the aecounls. Truste, r•mun•rallon and ben•flts There wer8 no trustees. rBmuwath'on or ¢)ther benefts for the year ended 31 December 2024 nor for the year ended 31 Dmber 2023. Trustees, expens There were no trustees, expense¥ for the year ended 31 De¢emter 2024 nor for the year ersded 31 December 2023. Page 9
Leamin lon Hastin s Consotidated Not s lo the Financial Statements- conb.nued for the Year Ended 31 mber 2024 Tangible lixed assets Freehold propety Cost Al 1 January 2024 and 31 Dornber 2024 246.249 N•t book valu• At 31 Deeember 2024 246 249 At 31 Decernber 2023 246,249 Flxed as¥et InY•8tm•nt8 Listed investments Mark•t v•lu• At 1 January 2024 Revaluations 320,588 Al 31 DeGember 2024 338 489 2024 2023 Cost Market value Market value Cost G•n•ral fund NMCIF Income shares 11.663 shares 12023 11,663 sharesi COIF Income unrts 8.152 unrts 12023 8,152 units) Restrlclod fund 2.953 10,827 2,953 10,476 85.000 165,445 85,000 161,790 NAACIF Accumulation units 1,323 units (2023 1.323 units) 15.860 160,217 1 S.860 148,322 103.813 330 489 103,813 320,588 There were no investment assets outside the UK Page 10
Leamin lon Hastin s Consolidated Charil Note ial Statements- continuéd for the Year Ended 31 tyecember 2024 Debtors: amounts falling due withln one year 31.12.24 31.12.23 Trade deblors 775 775 1.453 Credltors: amounts falllng du• V41thln on• y••r 31.12.24 31.12.23 Trade creditors Other creditors 2.451 1.071 6,271 4,979 10. Mov•mont In funds Nel movement in funds Al 31.12.24 At 1.1.24 Unre•tri¢tod fund• General fund Designated fund 254.453 6,301 619321 260,754 281357 597.742 155,6311 542,111 Reltrlcted fund¥ Restricted fund 159.752 12,481 172,233 Tot41 fund• 43.1501 714,344 Nel movement In fvnds, included in the abovo are as folk)ws'. Gains and 105ses Incoming resources Resour$ expended Movement In fund5 Unrestri¢t•d funds General fund 9,143 {6.848) 4,OC 6.301 Designaled fund 56 424 85,567 118.356 {125,2041 4,006 155.6311 Restrlct•d funds Restricted fund 11,895 12.481 15.901 43.150 Page11