```
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`**
**----- Start of picture text -----**
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
**----- End of picture text -----**
```
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
```