```
REGISTERED CHARITY NUMBER: 237057
```
## **`REPORT OF THE TRUSTEES AND`**
## **`UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024`**
## **`FOR`**
## **`CONSOLIDATED ALMSHOUSE CHARITY OF SWANSCOMBE`**
```
Carleys
Second Floor South
The Fitted Rigging House
The Historic Dockyard
Chatham
Kent
ME4 4TZ
```
```
CONSOLIDATED ALMSHOUSE CHARITY OF
SWANSCOMBE
```
## **`CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024`**
**----- 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 to 13
**----- End of picture text -----**
```
CONSOLIDATED ALMSHOUSE CHARITY OF
SWANSCOMBE
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024`**
```
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`**
```
TheCharityhasbeenfocusingonincreasingthenumberofAlmshousewehaveavailabletoofferfrom5to9 during
2023/24whichhasresultinourplanningsubmissiontoDartfordCouncilforthebuildingof4one-bedroombungalows on
thelandwehavepurchasedfromthemcirca2020.Unfortunately,ourfirstplanningapplicationwasrejected but
approvalwasobtainedinFebruary2024forthecharitytobuildThreeone-bedroombungalowsonthelandinstead bring
the number of Almshouse we will have to offer to 8 in total once these properties are built.
```
```
WehavebeenworkingwithourbuildpartnerwithworksplannedtobeginonthenewpropertiesinApril2024 and
completionofthepropertiesisexpectedlateNovember2024withbeneficiariesmovinginaroundDecember2024. In
addition,twonewlinesofincomewillbecomeavailabletocharityfromtheElectricCarChargingpointsandCar Parking
fees.
```
```
Thecharityhasnowcompletedontheregistrationofallbuildingsandlanditowns,andthesearenowall correctly
recorded at the land registry in the charities name.
```
```
During2023/24theCharitystartedtofundraisebyattendinglocalschoolfayresandcommunityorganised activities.
Thishasledtoincreasepublicawarenessofthecharityandisraisingimportantincomeforthecharitywhichwillbe used
forournewbuildbungalows.Thetrusteesplantocontinuetofundraiseforthecharityusingtheprovenmethods and
knowledgeobtain.Forpubliccomfortandcharitytransparencywehaveregisteredwiththefund-raisingregulator. The
charityhasincurredsetupcostforfundraising,purchasingfundraisingstock,agazebo,signs,tables,cardreaders and
banners, this cost are one off but the stock (prize) cost will be ongoing as we continue to fund raise.
```
```
ThecharitiespropertieshaveallbeallocatedtobeneficiariesfortheyearWMCreceivedforeachweekand with
beneficiaryfeedbackremaininghighandnocomplaints.Trusteesareproactivelyworkingwithbeneficiariestoensure all
properties are maintained to a high standard and any property repairs are actioned as quickly as possible.
```
```
2024-25willbeatransformationalyearforthecharityasthecharitywillrequireamortgageandwillutiliseamajority of
itsreservecashtobuildthenewproperties.TrusteesareworkingwiththeCharityBankandotherstakeholdersto ensure
the charities budget and cash flow remains positive at all times.
```
```
Page 1
```
```
CONSOLIDATED ALMSHOUSE CHARITY OF
SWANSCOMBE
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024`**
## **`FINANCIAL REVIEW`**
## **`Financial position`**
```
Followingthelossofsomeweeklymaintenancechargein2022/23trusteesworkedhardwithexternallegalpartners to
recoverythelostincomeandhavereceivedaverysmallamountofmoneybacksofarwiththebalanceexpectingto be
written off.
```
```
Thecharities2023/24objectivewastopreservecashtoensuresufficientfundsforourbuildprojectthusthereason for
reductioninpropertyrepaircostsovertheperiod,butthishasnotimpactedthequalityofourpropertiesas preventative
maintenance is undertaken.
```
```
Giventhedisruptionexpectedtoourbeneficiariesasmallweeklymaintenancechargeincreaseisplannedwith the
trusteesagreeingthatfollowingthepropertyvaluationsallnewbeneficiarieswillpaythenewrateofweekly maintenance
charges and current beneficiaries will pay a lower rate.
```
```
Lookingforward2025-26thecharitywillbeinapositiontorebuilditsreservesusingtheincomefromthenew properties
anditsexistingpropertiesalongwithfundraisingactivities,asthecharitywillbegeneratingincomecircaof£60,000 per
annum for Almshouse rentals.
```
## **`Going concern`**
```
Thereisariskthatthegrowthofthecharityfrom5propertiesto8andmanagingtheotherincomestream will
overstretchthetrustees,Trusteesareawarethat2024/25isatransformationalyearandhaveagreedonaplan and
divisionoftaskstoensuresuccess.However,itisvitalthatnewtrusteesaresoughtwithpropertyexperienceas the
charitiesgrows,theworkundertakeninpreviousyearstodigitalisethecharitywillbepivotalin2024/25and going
forward.
```
```
Thereisariskthatthebuildprojectisarisktothecharity,thisriskisreduced/limitedbyexternalsupportform the
CharityBankinoversightoftheplannedbudgetandbythebuildpartnerprovidingaprojectmanagertooversee the
build project.
```
```
ThetrusteesareawarethatfurtherworksareneededtoourMiltonStreetpropertyandoncethenewbuilds are
completeourattentionwillneedturntothisbuildingtoensurethepropertyremainsinagoodstandard.(Workrequired -
New Roof, Outside insulation, and rendering).
```
## **`FUTURE PLANS`**
```
The charity is looking to
```
`1. (Short Term) - Build 3 New Bungalows`
```
2. (Medium Term) Purchase 2 bungalows from the open market when they become available (Birds Row)
```
`3. (Medium / Long Term) Network and explore mergers with other local charities to reduce costs`
```
Thecharityisnolongerlookingtobecomearegisteredsocialhousingproviderinsteadworkingwiththe Almshouse
Association who is lobbying central government for Almshouse to be recognised as housing providers.
```
## **`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
```
```
Page 2
```
```
CONSOLIDATED ALMSHOUSE CHARITY OF
SWANSCOMBE
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024`**
```
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
Carleys
Second Floor South
The Fitted Rigging House
The Historic Dockyard
Chatham
Kent
ME4 4TZ
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 28 January 2025 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 2024.
```
## **`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
```
```
Carleys
Second Floor South
The Fitted Rigging House
The Historic Dockyard
Chatham
Kent
ME4 4TZ
```
```
28 January 2025
```
```
Page 4
```
```
CONSOLIDATED ALMSHOUSE CHARITY OF
SWANSCOMBE
```
## **`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024`**
|`2024`
`Unrestricted`
`funds`
`Notes`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`328`
**`Charitable activities`**
`Rental of almshouses`
`30,585`
`Other trading activities`
`2`
`6,133`
`Investment income`
`3`
`4,242`
`Other income`
`-`
**`Total`**
`41,288`
**`EXPENDITURE ON`**
`Raising funds`
`4`
`3,653`
**`Charitable activities`**
`Rental of almshouses`
`13,212`
**`Total`**
`16,865`
**`NET INCOME`**
`24,423`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`712,748`
**`TOTAL FUNDS CARRIED FORWARD`**
`737,171`|`2023`
`Total`
`funds`
`£`
`-`
`30,353`
`-`
`1,402`
`1,790`|
|---|---|
||`33,545`|
||`5,640`
`9,449`|
||`15,089`|
||`18,456`
`694,292`|
||`712,748`|
```
The notes form part of these financial statements
```
```
Page 5
```
```
CONSOLIDATED ALMSHOUSE CHARITY OF
SWANSCOMBE
```
## **`BALANCE SHEET 31 MARCH 2024`**
|`Notes`
**`FIXED ASSETS`**
`Tangible assets`
`9`
**`CURRENT ASSETS`**
`Debtors`
`10`
`Cash at bank and in hand`
**`CREDITORS`**
`Amounts falling due within one year`
`11`
**`NET CURRENT ASSETS`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`NET ASSETS`**
**`FUNDS`**
`12`
`Unrestricted funds`
**`TOTAL FUNDS`**|`2024`
`Unrestricted`
`funds`
`£`
`576,052`
`31,757`
`136,070`
`167,827`
`(6,708)`
`161,119`
`737,171`
`737,171`
`737,171`
`737,171`|`2023`
`Total`
`funds`
`£`
`575,490`
`14,433`
`124,014`
`138,447`
`(1,189)`
`137,258`
`712,748`
`712,748`
`712,748`
`712,748`|
|---|---|---|
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon28January2025and 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 2024
```
## **`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. OTHER TRADING ACTIVITIES`**
|||`2024`|`2023`|
|---|---|---|---|
|||`£`|`£`|
||`Fundraising events`|`6,133`|`-`|
|**`3.`**|**`INVESTMENT INCOME`**|||
|||`2024`|`2023`|
|||`£`|`£`|
||`Deposit account interest`|`4,242`|`1,402`|
```
continued...
```
```
Page 7
```
```
CONSOLIDATED ALMSHOUSE CHARITY OF
SWANSCOMBE
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024`**
## **`4. RAISING FUNDS`**
## **`Investment management costs`**
|**`Investment management costs`**|||
|---|---|---|
||`2024`|`2023`|
||`£`|`£`|
|`Property repairs`|`677`|`5,640`|
## **`5. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Notrusteereceivedanyremunerationoranyotherbenefitduringtheyear.Notrusteeorotherpersonrelated to
thecharityhadanypersonalinterestinanycontractortransactionenteredintobythecharityduringthe year
(2023: £Nil).
```
## **`Trustees' expenses`**
```
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
```
## **`6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
||`Unrestricted`|
|---|---|
||`funds`|
||`£`|
|**`INCOME AND ENDOWMENTS FROM`**||
|**`Charitable activities`**||
|`Rental of almshouses`|`30,353`|
|`Investment income`|`1,402`|
|`Other income`|`1,790`|
|**`Total`**|`33,545`|
|**`EXPENDITURE ON`**||
|`Raising funds`|`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`|
```
continued...
```
```
Page 8
```
```
CONSOLIDATED ALMSHOUSE CHARITY OF
SWANSCOMBE
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024`**
## **`7. INDEPENDENT EXAMINER'S FEE`**
```
Inrespectofthe£1,180(2023:£948)payabletotheindependentexaminerfortheyear,£300(2023:£280) is
for the independent examination and £880 (2023: £668) relates to accountancy services.
```
## **`8. STAFF SALARIES`**
```
There were no salaries paid by the charity for the year ended 31st March 2024 (2023: Nil).
```
## **`9. TANGIBLE FIXED ASSETS`**
|**`COST`**
`At 1 April 2023`
`Additions`
`At 31 March 2024`
**`DEPRECIATION`**
`Charge for year`
**`NET BOOK VALUE`**
`At 31 March 2024`
`At 31 March 2023`
**`10.`**
**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Trade debtors`
`Prepayments and accrued income`
**`11.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Trade creditors`
`Other creditors`
**`12.`**
**`MOVEMENT IN FUNDS`**
**`Unrestricted funds`**
`General fund`
`Almhouses fund`
**`TOTAL FUNDS`**|`Freehold`
`property`
`£`
`575,490`
`-`
`575,490`
`-`
`575,490`
`575,490`
`At 1.4.23`
`£`
`137,258`
`575,490`
`712,748`
`712,748`|`Plant and`
`machinery`
`£`
`-`
`750`
`750`
`188`
`562`
`-`
`2024`
`£`
`2,958`
`28,799`
`31,757`
`2024`
`£`
`5,528`
`1,180`
`6,708`
`Net`
`movement`
`in funds`
`£`
`24,423`
`-`
`24,423`
`24,423`|`Totals`
`£`
`575,490`
`750`|`Totals`
`£`
`575,490`
`750`|`Totals`
`£`
`575,490`
`750`|
|---|---|---|---|---|---|
||||`576,240`|||
||||`188`|||
||||`576,052`|||
||||`575,490`|||
||||`2023`
`£`
`8,523`
`5,910`
`14,433`
`2023`
`£`
`242`
`947`
`1,189`
`At`
`31.3.24`
`£`
`161,681`
`575,490`|`2023`
`£`
`8,523`
`5,910`||
|||||`14,433`||
||||||`2023`
`£`
`242`
`947`|
||||||`1,189`|
||||`737,171`|||
||||`737,171`|||
```
continued...
```
```
Page 9
```
```
CONSOLIDATED ALMSHOUSE CHARITY OF
SWANSCOMBE
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024`**
## **`12. 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`|`41,288`|`(16,865)`|`24,423`|
|**`TOTAL FUNDS`**|`41,288`|`(16,865)`|`24,423`|
## **`Comparatives for movement in funds`**
|**`Unrestricted funds`**
`General fund`
`Almhouses fund`
**`TOTAL FUNDS`**|`At 1.4.22`
`£`
`118,802`
`575,490`
`694,292`
`694,292`|`Net`
`movement`
`in funds`
`£`
`18,456`
`-`
`18,456`
`18,456`|`At`
`31.3.23`
`£`
`137,258`
`575,490`|
|---|---|---|---|
||||`712,748`|
||||`712,748`|
```
Comparative 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`|
```
A current year 12 months and prior year 12 months combined position is as follows:
```
|**`Unrestricted funds`**
`General fund`
`Almhouses fund`
**`TOTAL FUNDS`**|`At 1.4.22`
`£`
`118,802`
`575,490`
`694,292`
`694,292`|`Net`
`movement`
`in funds`
`£`
`42,879`
`-`
`42,879`
`42,879`|`At`
`31.3.24`
`£`
`161,681`
`575,490`|
|---|---|---|---|
||||`737,171`|
||||`737,171`|
```
continued...
```
```
Page 10
```
```
CONSOLIDATED ALMSHOUSE CHARITY OF
SWANSCOMBE
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024`**
## **`12. MOVEMENT IN FUNDS - continued`**
```
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedintheabove are
as follows:
```
||`Incoming`|`Resources`|`Movement`|
|---|---|---|---|
||`resources`|`expended`|`in funds`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|`74,833`|`(31,954)`|`42,879`|
|**`TOTAL FUNDS`**|`74,833`|`(31,954)`|`42,879`|
## **`13. CONTINGENT LIABILITIES`**
```
Thereisacontingentliabilityinrespectofagrantfor£52,090shouldthesuccessortothegrantorbeable to
authenticateanentitlementtorepaymentandtheirrighttoreceivethatrepayment.Atpresentneitherthe right
to repayment nor the party entitled to such repayment are known to the trustees.
```
## **`14. RELATED PARTY DISCLOSURES`**
```
Therewerenorelatedpartytransactionsfortheyearended31stMarch2024norfortheyearended31st March
2023.
```
```
Page 11
```
```
CONSOLIDATED ALMSHOUSE CHARITY OF
SWANSCOMBE
```
## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024`**
||`2024`|`2023`|
|---|---|---|
||`£`|`£`|
|**`INCOME AND ENDOWMENTS`**|||
|**`Donations and legacies`**|||
|`Donations`|`328`|`-`|
|**`Other trading activities`**|||
|`Fundraising events`|`6,133`|`-`|
|**`Investment income`**|||
|`Deposit account interest`|`4,242`|`1,402`|
|**`Charitable activities`**|||
|`Rent receivable`|`30,585`|`30,353`|
|**`Other income`**|||
|`Other income`|`-`|`1,790`|
|**`Total incoming resources`**|`41,288`|`33,545`|
|**`EXPENDITURE`**|||
|**`Other trading activities`**|||
|`Fund raising expenses`|`2,976`|`-`|
|**`Investment management costs`**|||
|`Property repairs`|`677`|`5,640`|
|**`Charitable activities`**|||
|`Rates and water`|`771`|`355`|
|`Insurance`|`1,034`|`1,073`|
|`Light and heat`|`392`|`(280)`|
|`Postage and stationery`|`76`|`5`|
|`Sundries`|`596`|`11`|
|`Gardening`|`508`|`315`|
|`Computer costs`|`102`|`80`|
|`Routine maintenance`|`4,757`|`4,426`|
|`Bad debts`|`3,321`|`-`|
||`11,557`|`5,985`|
|**`Support costs`**|||
|**`Finance`**|||
|`Bank charges`|`60`|`73`|
|**`Human resources`**|||
|`Plant and machinery`|`188`|`-`|
|**`Other`**|||
|`Administrative expenses`|`267`|`653`|
|**`Governance costs`**|||
|`Accountancy`|`1,180`|`948`|
|`Carried forward`|`1,180`|`948`|
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CONSOLIDATED ALMSHOUSE CHARITY OF
SWANSCOMBE
```
## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024`**
||`2024`|`2023`|
|---|---|---|
||`£`|`£`|
|**`Governance costs`**|||
|`Brought forward`|`1,180`|`948`|
|`Legal & professional`|`(40)`|`1,790`|
||`1,140`|`2,738`|
|`Total resources expended`|`16,865`|`15,089`|
|**`Net income`**|`24,423`|`18,456`|
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