REGISTERED CHARITY NUMBER: 237057
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
FOR
CONSOLIDATED ALMSHOUSE CHARITY OF
SWANSCOMBE
The Carley Partnership
St James's House
8 Overcliffe
Gravesend
Kent
DA11 0HJ
CONSOLIDATED ALMSHOUSE CHARITY OF
SWANSCOMBE
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
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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
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CONSOLIDATED ALMSHOUSE CHARITY OF
SWANSCOMBE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
The trustees present their report and accounts for the year ended 31st March 2023. The trustees have adopted the
provisionsoftheStatementofRecommendedPractice(SORPFRS102)'AccountingandReportingbyCharities'issued in
2016. The trust is regulated by a Scheme of the Charity Commissioners dated 16th July 1980.
OBJECTIVES AND ACTIVITIES
Objectives and aims
TheCharity'smainobjectiveistoprovideunfurnisheddwellings,usuallyspeciallydesignedwiththeneedsofolder people
inmind.Theaimistoprovideconvenientandcomfortableaccommodationinasettingwhichallowsresidentsto come
andgoastheyplease.Thetrusteesendeavourtomaintainthealmshousebuildinginasoundandpleasantcondition and
carry out improvements whenever a need appears, in order to make life as enjoyable as possible for the residents.
Public benefit
TheTrusteeshavehaddueregardstotheCharityCommission'sguidanceonpublicbenefitwhensettingthe charities
objectives.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Thecharityhashadamixedyearduring2022-2023,ontheoutsidelookinginthecharityhasbeenstatic,nochange in
weeklymaintenancechargeandafocusonoutgoingsreductions,aswesoughttobuildcapitalreserves.However, on
theinsidewehavebeenworkinghardtoprogressourexpansionplansandhavebeeninproactiveconversationswith the
DartfordCouncilPlanningTeamandourarchitectswithaviewtosubmittingourplanningapplicationforournew build
properties.
Thetrusteeshavedevelopeda10-yearbusinessplanforthecharitywhichisveryambitiousbutwillstrengthen the
charities offering and position going forward.
Regrettablythecharitysuffereditsfirstlossofweeklymaintenancechargeforabeneficiarywhichresultedinthe charity
attemptingtorecoverthearrearsfromthebeneficiary.Thisinturnledtostrengtheningofproceduresandprocesses to
prevent reoccurrence.
Trusteeshavealsobeenworkinghardwiththecharitiessolicitorstoreregisterthelandwepurchasedintothe charities
namefollowingissuesbetweenthesellerandus.Thishasledtothecharityincurringadditionallegalcostswhich we
have been assured will be reimbursed via the seller.
Thecharityremainsstableintermsofbeneficiaryandallofourpropertiesremainmaintainedtoahighstandard with
positive feedback being received from the local councillors and beneficiaries of our properties.
Regrettablyoneofourbeneficiariesdecidedtomoveonthisyearandthepropertywasrefurbishedandallocated back
out.However,wedidhaveinexcessof20applicationsforthepropertywhichevidencesthedemandintheareafor our
offering and properties.
Trusteeshavesetup2023-2024tobeabusyonewhichwillincreasethechantiesexposurebutalsostartlaying the
foundations for the years ahead.
FINANCIAL REVIEW
Financial position
TheTrusteesarepleasedwiththestandardsofour5propertiesandhavereviewedourcurrentofferingandagree that
weshouldmoveintoarepairandmaintainapproachforthenextyearonthesepropertiesandthenreviewagain. This
means we will be accumulating reserves.
Trusteesareawarethatthecharityneedstorecruitnewtrusteesandareworkingwithothercharitiestoshare trustees
where possible as we attract new trustees.
Investment policy and objectives
Thetrusteesareoperatingacashandholdinvestmentpolicy,giventhatcashwillbeneededduringthebuildingof our
newbungalows.WehavehadourpropertiesvaluedaspartoftheHomesEnglandregistrationprocessandwe know
that we can increase our weekly maintenance charge further as needed but when the time is right for the charity.
Page 1
CONSOLIDATED ALMSHOUSE CHARITY OF
SWANSCOMBE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
FINANCIAL REVIEW
Reserves policy
Thetwofundsareforthegoodmaintenanceoftheproperty,thefirstistocoverthecyclicalcostofrepairsand we
believe the £30,000 we hold is more than sufficient. The balance of cash is held for the development of the charity.
Going concern
The Trustees currently have no concerns regarding the future of the charity.
FUTURE PLANS
The charity is looking to:
1. Become a registered social housing provider
2. Build 5 new bungalows
3. Explore potential mergers with other local charities that offer the same services as ours with a view to reducing costs and growing the charity.
4.PurchasetheothertwobungalowsatBirdsRowMiltonStreetasandwhentheycometothepublicmarketfor
purchase but only if the charity has the financial provision and demand to do so.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Management and Governance Arrangement
TheTrustDeedchargesthetrusteeswiththeadministrationandmanagementofthetrust.TheBoardofTrustees ideally
consistsoftwonominativetrusteesandthreeco-optativetrustees,theformertobeappointedbytheParishCouncil of
SwanscombeandthelatterappointedbytheBoardofTrustees.Nominativetrusteesshallholdtheirappointmentfor four
yearsandco-optativetrusteesforfiveyears.Newlyappointedtrusteesshallbesuppliedwith:acopyoftheTrust Deeds;
acopyofthelatestfinancialstatements;andreceivetrainingconsistentwiththeirlevelofknowledgeandexperience of
their role of trustees, including a copy of the current guidance as issued by the Charity Commission.
TrusteeswillholdatleasttwomeetingseachyearandasmanyothermeetingsastheChairmanortwoother Trustees
deem necessary to discuss matters arising.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
237057
Principal address
18 Caspian Way
Swanscombe
Kent
DA10 0LE
Trustees
Mr Andrew Griggs
Mrs Marion Needham
Mr Robert Weller
Mr Glen Keeling
Ms Linda Ashby
Independent Examiner
The Carley Partnership
St James's House
8 Overcliffe
Gravesend
Kent
DA11 0HJ
Page 2
CONSOLIDATED ALMSHOUSE CHARITY OF
SWANSCOMBE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
REFERENCE AND ADMINISTRATIVE DETAILS
Bankers
Barclays Bank Plc
BO Box 449
Dartford
Kent
DA1 1FE
CAF Bank Ltd
25 Kings Hill Avenue
West Malling
Kent
ME19 4JQ
Approved by order of the board of trustees on 6 January 2024 and signed on its behalf by:
Mr Glen Keeling - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CONSOLIDATED ALMSHOUSE CHARITY OF SWANSCOMBE
Independent examiner's report to the trustees of Consolidated Almshouse Charity of Swanscombe
IreporttothecharitytrusteesonmyexaminationoftheaccountsofConsolidatedAlmshouseCharityof Swanscombe
(the Trust) for the year ended 31 March 2023.
Responsibilities and basis of report
AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewith the
requirements of the Charities Act 2011 ('the Act').
IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutunderSection145oftheActandincarrying out
myexaminationIhavefollowedallapplicableDirectionsgivenbytheCharityCommissionunderSection145(5)(b)of the
Act.
Independent examiner's statement
Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattentioninconnectionwith 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.
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhichattention should
be drawn in this report in order to enable a proper understanding of the accounts to be reached.
C M Ralph
The Carley Partnership
St James's House
8 Overcliffe
Gravesend
Kent
DA11 0HJ
8 January 2024
Page 4
CONSOLIDATED ALMSHOUSE CHARITY OF
SWANSCOMBE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023
2023
Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
-
Charitable activities
Rental of almshouses
30,353
Investment income
2
1,402
Other income
1,790
Total
33,545
EXPENDITURE ON
Raising funds
3
5,640
Charitable activities
Rental of almshouses
9,449
Total
15,089
NET INCOME
18,456
RECONCILIATION OF FUNDS
Total funds brought forward
694,292
TOTAL FUNDS CARRIED FORWARD
712,748 |
2022
Total
funds
£
120
31,288
32
- |
|
31,440 |
|
3,659
9,140 |
|
12,799 |
|
18,641
675,651 |
|
694,292 |
The notes form part of these financial statements
Page 5
CONSOLIDATED ALMSHOUSE CHARITY OF
SWANSCOMBE
BALANCE SHEET 31 MARCH 2023
Notes
FIXED ASSETS
Tangible assets
8
CURRENT ASSETS
Debtors
9
Cash at bank
CREDITORS
Amounts falling due within one year
10
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
11
Unrestricted funds
TOTAL FUNDS |
2023
Unrestricted
funds
£
575,490
14,433
124,014
138,447
(1,189)
137,258
712,748
712,748
712,748
712,748 |
2022
Total
funds
£
575,490
4,876
116,192
121,068
(2,266)
118,802
694,292
694,292
694,292
694,292 |
|
|
|
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon6January2024and were
signed on its behalf by:
Mr Glen Keeling - Trustee
The notes form part of these financial statements
Page 6
CONSOLIDATED ALMSHOUSE CHARITY OF
SWANSCOMBE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
StandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January2019)',Financial Reporting
Standard102'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'andthe Charities
Act 2011. The financial statements have been prepared under the historical cost convention.
Income
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothefunds,it is
probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlement and
theamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisand has
beenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbe directly
attributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwiththeuse of
resources.
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.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity. 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.
Legal status
The charity is a public benefit entity.
Going Concern
There are no material uncertainties about the charity's ability to continue.
2. INVESTMENT INCOME
|
2023 |
2022 |
|
£ |
£ |
Deposit account interest |
1,402 |
32 |
continued...
Page 7
CONSOLIDATED ALMSHOUSE CHARITY OF
SWANSCOMBE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
3. RAISING FUNDS
Investment management costs
Investment management costs |
|
|
|
2023 |
2022 |
|
£ |
£ |
Property repairs |
5,640 |
3,659 |
4. TRUSTEES' REMUNERATION AND BENEFITS
Notrusteereceivedanyremunerationoranyotherbenefitduringtheyear.Notrusteeorotherpersonrelated to
thecharityhadanypersonalinterestinanycontractortransactionenteredintobythecharityduringthe year
(2022: £Nil).
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
|
Unrestricted |
|
funds |
|
£ |
INCOME AND ENDOWMENTS FROM |
|
Donations and legacies |
120 |
Charitable activities |
|
Rental of almshouses |
31,288 |
Investment income |
32 |
Total |
31,440 |
EXPENDITURE ON |
|
Raising funds |
3,659 |
Charitable activities |
|
Rental of almshouses |
9,140 |
Total |
12,799 |
NET INCOME |
18,641 |
RECONCILIATION OF FUNDS |
|
Total funds brought forward |
675,651 |
TOTAL FUNDS CARRIED FORWARD |
694,292 |
continued...
Page 8
CONSOLIDATED ALMSHOUSE CHARITY OF
SWANSCOMBE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
6. INDEPENDENT EXAMINER'S FEE
Inrespectofthe£948(2022:£948)payabletotheindependentexaminerfortheyear,£280(2022:£280)is for
the independent examination and £668 (2022: £668) relates to accountancy services.
7. STAFF SALARIES
There were no salaries paid by the charity for the year ended 31st March 2023 (2022: Nil).
8. TANGIBLE FIXED ASSETS
COST
At 1 April 2022 and 31 March 2023
NET BOOK VALUE
At 31 March 2023
At 31 March 2022
9.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments and accrued income
10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Other creditors
11.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Almhouses fund
TOTAL FUNDS |
At 1.4.22
£
118,802
575,490
694,292
694,292 |
2023
£
8,523
5,910
14,433
2023
£
242
947
1,189
Net
movement
in funds
£
18,456
-
18,456
18,456 |
Freehold
property
£
575,490 |
Freehold
property
£
575,490 |
Freehold
property
£
575,490 |
|
|
|
575,490 |
|
|
|
|
|
575,490 |
|
|
|
|
|
2022
£
1,687
3,189
4,876
2022
£
1,317
949
2,266
At
31.3.23
£
137,258
575,490 |
|
2022
£
1,687
3,189 |
|
|
|
|
|
4,876 |
|
|
|
|
|
2022
£
1,317
949 |
|
|
|
|
|
2,266 |
|
|
|
712,748 |
|
|
|
|
|
712,748 |
|
|
continued...
Page 9
CONSOLIDATED ALMSHOUSE CHARITY OF
SWANSCOMBE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
11. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
|
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
33,545 |
(15,089) |
18,456 |
TOTAL FUNDS |
33,545 |
(15,089) |
18,456 |
Comparatives for movement in funds
Unrestricted funds
General fund
Almhouses fund
TOTAL FUNDS |
At 1.4.21
£
100,161
575,490
675,651
675,651 |
Net
movement
in funds
£
18,641
-
18,641
18,641 |
At
31.3.22
£
118,802
575,490 |
|
|
|
694,292 |
|
|
|
694,292 |
Comparative net movement in funds, included in the above are as follows:
|
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
31,440 |
(12,799) |
18,641 |
TOTAL FUNDS |
31,440 |
(12,799) |
18,641 |
A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
General fund
Almhouses fund
TOTAL FUNDS |
At 1.4.21
£
100,161
575,490
675,651
675,651 |
Net
movement
in funds
£
37,097
-
37,097
37,097 |
At
31.3.23
£
137,258
575,490 |
|
|
|
712,748 |
|
|
|
712,748 |
continued...
Page 10
CONSOLIDATED ALMSHOUSE CHARITY OF
SWANSCOMBE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
11. MOVEMENT IN FUNDS - continued
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedintheabove are
as follows:
|
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
64,985 |
(27,888) |
37,097 |
TOTAL FUNDS |
64,985 |
(27,888) |
37,097 |
12. CONTINGENT LIABILITIES
Thereisacontingentliabilityinrespectofagrantfor£52,090shouldthesuccessortothegrantorbeable to
authenticateanentitlementtorepaymentandtheirrighttoreceivethatrepayment.Atpresentneitherthe right
to repayment nor the party entitled to such repayment are known to the trustees.
13. RELATED PARTY DISCLOSURES
Therewerenorelatedpartytransactionsfortheyearended31stMarch2023norfortheyearended31st March
2022.
Page 11
CONSOLIDATED ALMSHOUSE CHARITY OF
SWANSCOMBE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023
|
2023 |
2022 |
|
£ |
£ |
INCOME AND ENDOWMENTS |
|
|
Donations and legacies |
|
|
Donations |
- |
120 |
Investment income |
|
|
Deposit account interest |
1,402 |
32 |
Charitable activities |
|
|
Rent receivable |
30,353 |
31,288 |
Other income |
|
|
Other income |
1,790 |
- |
Total incoming resources |
33,545 |
31,440 |
EXPENDITURE |
|
|
Investment management costs |
|
|
Property repairs |
5,640 |
3,659 |
Charitable activities |
|
|
Rates and water |
355 |
1,079 |
Insurance |
1,073 |
761 |
Light and heat |
(280) |
90 |
Postage and stationery |
5 |
- |
Sundries |
11 |
500 |
Gardening |
315 |
2,349 |
Computer costs |
80 |
- |
Routine maintenance |
4,426 |
3,050 |
|
5,985 |
7,829 |
Support costs |
|
|
Finance |
|
|
Bank charges |
73 |
96 |
Other |
|
|
Administrative expenses |
653 |
619 |
Governance costs |
|
|
Accountancy |
948 |
912 |
Legal & professional |
1,790 |
(316) |
|
2,738 |
596 |
Total resources expended |
15,089 |
12,799 |
Net income |
18,456 |
18,641 |
This page does not form part of the statutory financial statements
Page 12