**REGISTERED CHARITY NUMBER: 236049** ## **Report of the Trustees and** **Unaudited Financial Statements for the Year Ended 31st December 2024** **for** **The Holybourne Complin Trust** **The Holybourne Complin Trust** **Contents of the Financial Statements for the Year Ended 31st December 2024** ||**Page**| |---|---| |**Report of the Trustees**|1 to 3| |**Independent Examiner's Report**|4| |**Statement of Financial Activities**|5| |**Balance Sheet**|6| |**Notes to the Financial Statements**|7 to 11| |**Detailed Statement of Financial Activities**|12| **The Holybourne Complin Trust** ## **Report of the Trustees for the Year Ended 31st December 2024** The trustees present their report with the financial statements of the charity for the year ended 31st December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The objectives of the charity are 1.The provision of three almshouses for poor aged persons of good character living in Holybourne and Neatham. Residents contribute a weekly sum towards the maintenance of the almshouses without causing hardship. Vacancies are advertised and applications for appointment made to the trustees. 2. Relief for persons resident in the parishes of Holybourne, Neatham and Alton as constituted on 13th May 1932 who are in conditions of need, hardship and distress. ## **Public benefit** The trustees have considered the Charity Commission's guide on public benefit and has established a policy of making gifts of money to help the elderly or these in need or hardship living in the area of benefit. ## **ACHIEVEMENTS AND PERFORMANCE** ## **Charitable activities** During the year the charity has received weekly maintenance contributions from the residents of the almshouses and interest on investments and continue to apply funds on the maintenance of the almshouses and the relief of those in need. Details of income and expenditure re set out on page 3 of these accounts. ## **FINANCIAL REVIEW** ## **Reserves policy** It is the trustees policy to maintain a balance of unrestricted funds to cover the provision of emergency funding for the residents of Holybourne and Neatham who are elderly or in need. A reserve fund is also maintained to carry out major repairs or improvements to the charity's properties. It is the trustees policy to invest these funds in C.O.I.F income shares. ## **FUTURE PLANS** The trust has plans to undertake a program of refurbishment on the almhouses it already owns to include the fitting of solar panels. It is also searching for a suitable property to use as an almshouse in the area of benefit. The trust will continue to make charitable grants to individuals and to local charitable institutions providing that they continue to meet the conditions laid down by the Trustees. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is administered under the deed of gift dated 13th May 1932 and the scheme approved by The Charity Commission dated 14th November 1984. Page 1 **The Holybourne Complin Trust** **Report of the Trustees for the Year Ended 31st December 2024** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Recruitment and appointment of new trustees** The trust deed provides for one ex-officio trustee, one nominative trustee and three co-optative trustees. New co-optative trustees should be persons who through residence, occupation or employment or otherwise have special knowledge of the area of benefit. They are appointed by the existing trustees and serve for five years after which they may put themselves forward for re-election. The nominative trustee is appointed by Alton Town Council and they serve for a term of four years. The ex-officio trustee should be the vicar in charge of the Ecclesiastical Parish of The Resurrection Alton. All trustees give their time freely and no trustee remuneration was paid during the year. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 236049 ## **Principal address** 2 Oriel Court Omega Park Alton Hampshire GU34 2YT ## **Trustees** Rev A M Micklefield ex-officio (resigned 10.3.25) Mrs S D Lloyd co-opted (resigned 8.2.25) J L Voller nominative Mrs C A Wallis co-opted P J Sharpe co-opted Mrs S Bennett co-opted Mrs C E Dowsett (appointed 27.1.25) ## **Independent Examiner** Paula Joyce FCCA Sheen Stickland Chartered Accountants 2 Oriel Court Omega Park Alton Hampshire GU34 2YT Page 2 **The Holybourne Complin Trust** ## **Report of the Trustees for the Year Ended 31st December 2024** Approved by order of the board of trustees on 30th October 2025 and signed on its behalf by: Mrs S Bennett - Trustee Page 3 **Independent Examiner's Report to the Trustees of The Holybourne Complin Trust** ## **Independent examiner's report to the trustees of The Holybourne Complin Trust** I report to the charity trustees on my examination of the accounts of The Holybourne Complin Trust (the Trust) for the year ended 31st December 2024. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Paula Joyce FCCA Sheen Stickland Chartered Accountants 2 Oriel Court Omega Park Alton Hampshire GU34 2YT 30th October 2025 Page 4 **The Holybourne Complin Trust** ## **Statement of Financial Activities for the Year Ended 31st December 2024** **----- Start of picture text -----**
2024 2023
Unrestricted Total
funds funds
Notes £ £
INCOME AND ENDOWMENTS FROM
Funds generated from property 2 15,851 16,148
Investment income 3 10,270 9,604
Total 26,121 25,752
EXPENDITURE ON
Charitable activities
Relief in Need 15,750 13,450
Property expenses
5,253 2,655
Other costs 20 661
Total 21,023 16,766
Net gains on investments 379,589 30,228
NET INCOME 384,687 39,214
RECONCILIATION OF FUNDS
Total funds brought forward 1,126,939 1,087,725
TOTAL FUNDS CARRIED FORWARD 1,511,626 1,126,939
**----- End of picture text -----**
The notes form part of these financial statements Page 5 **The Holybourne Complin Trust** ## **Balance Sheet 31st December 2024** **----- Start of picture text -----**
2024 2023
Unrestricted Total
funds funds
Notes £ £
FIXED ASSETS
Tangible assets 5 1,075,000 705,000
CURRENT ASSETS
Investments 6 340,776 331,187
Cash at bank 95,850 90,752
436,626 421,939
NET CURRENT ASSETS 436,626 421,939
TOTAL ASSETS LESS CURRENT LIABILITIES 1,511,626 1,126,939
NET ASSETS 1,511,626 1,126,939
FUNDS 7
Unrestricted funds 1,511,626 1,126,939
TOTAL FUNDS 1,511,626 1,126,939
**----- End of picture text -----**
The financial statements were approved by the Board of Trustees and authorised for issue on 30th October 2025 and were signed on its behalf by: C A Wallis - Trustee The notes form part of these financial statements Page 6 **The Holybourne Complin Trust** **Notes to the Financial Statements for the Year Ended 31st December 2024** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. continued... Page 7 **The Holybourne Complin Trust** ## **Notes to the Financial Statements - continued for the Year Ended 31st December 2024** ## **2. FUNDS GENERATED FROM PROPERTY** |Weekly maintenance contributions
**3.**
**INVESTMENT INCOME**
Deposit account interest
Investment income|2024
£
15,851
2024
£
3,126
7,144
10,270|2023
£
16,148
2023
£
2,558
7,046
9,604| |---|---|---| ## **4. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31st December 2024 nor for the year ended 31st December 2023. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31st December 2024 nor for the year ended 31st December 2023. ## **5. TANGIBLE FIXED ASSETS** |**COST OR VALUATION**
At 1st January 2024
Revaluations
At 31st December 2024
**NET BOOK VALUE**
At 31st December 2024
At 31st December 2023|Freehold
property
£
705,000
370,000
1,075,000
1,075,000
705,000| |---|---| continued... Page 8 **The Holybourne Complin Trust** **Notes to the Financial Statements - continued for the Year Ended 31st December 2024** ## **5. TANGIBLE FIXED ASSETS - continued** Cost or valuation at 31st December 2024 is represented by: |Valuation in 2014
Valuation in 2025
Cost
**CURRENT ASSET INVESTMENTS**
2024
£
Listed investments
340,776|Freehold
property
£
626,885
370,000
78,115
1,075,000
2023
£
331,187| |---|---| ## **6. CURRENT ASSET INVESTMENTS** ## **7. MOVEMENT IN FUNDS** |**Unrestricted funds**
General fund
Reserve Fund
**TOTAL FUNDS**|At 1.1.24
£
870,284
256,655
1,126,939
1,126,939|Net
movement
in funds
£
378,889
5,798
384,687
384,687|At
31.12.24
£
1,249,173
262,453
1,511,626
1,511,626| |---|---|---|---| Net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
Reserve Fund
**TOTAL FUNDS**|Incoming
resources
£
26,121
-
26,121
26,121|Resources
expended
£
(21,023)
-
(21,023)
(21,023)|Gains and
Movement
losses
in funds
£
£
373,791
378,889
5,798
5,798
379,589
384,687
379,589
384,687| |---|---|---|---| continued... Page 9 **The Holybourne Complin Trust** **Notes to the Financial Statements - continued for the Year Ended 31st December 2024** ## **7. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** |**Unrestricted funds**
General fund
Reserve Fund
**TOTAL FUNDS**|At 1.1.23
£
853,001
234,724
1,087,725
1,087,725|Net
movement
in funds
£
17,283
21,931
39,214
39,214|At
31.12.23
£
870,284
256,655
1,126,939
1,126,939| |---|---|---|---| Comparative net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
Reserve Fund|Incoming
resources
£
25,751
1|Resources
expended
£
(16,766)
-|Gains and
losses
£
8,298
21,930|Movement
in funds
£
17,283
21,931| |---|---|---|---|---| ||25,752|(16,766)|30,228|39,214| |**TOTAL FUNDS**|25,752|(16,766)|30,228|39,214| A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
Reserve Fund
**TOTAL FUNDS**|At 1.1.23
£
853,001
234,724
1,087,725
1,087,725|Net
movement
in funds
£
396,172
27,729
423,901
423,901|At
31.12.24
£
1,249,173
262,453
1,511,626
1,511,626| |---|---|---|---| continued... Page 10 **The Holybourne Complin Trust** **Notes to the Financial Statements - continued for the Year Ended 31st December 2024** ## **7. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
Reserve Fund
**TOTAL FUNDS**|Incoming
resources
£
51,872
1
51,873
51,873|Resources
expended
£
(37,789)
-
(37,789)
(37,789)|Gains and
Movement
losses
in funds
£
£
382,089
396,172
27,728
27,729
409,817
423,901
409,817
423,901| |---|---|---|---| ## **8. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31st December 2024. Page 11 **The Holybourne Complin Trust** ## **Detailed Statement of Financial Activities for the Year Ended 31st December 2024** **----- Start of picture text -----**
2024 2023
£ £
INCOME AND ENDOWMENTS
Funds generated from property
Weekly maintenance contributions 15,851 16,148
Investment income
Deposit account interest 3,126 2,558
Investment income 7,144 7,046
10,270 9,604
Total incoming resources 26,121 25,752
EXPENDITURE
Charitable activities
Water rates 1,010 768
Insurance 990 821
Repairs and Maintenance 2,097 1,054
Christmas lunch 614 508
Bank charges 20 12
Grants to institutions 14,000 11,700
Grants to individuals - relief in need 1,750 1,750
20,481 16,613
Support costs
Other
National Association of Almshouses 542 153
Total resources expended 21,023 16,766
Net income 5,098 8,986
**----- End of picture text -----**
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