REGISTERED CHARITY NUMBER: 237057
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
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 2025
----- 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 12
Detailed Statement of Financial Activities 13 to 14
----- End of picture text -----
CONSOLIDATED ALMSHOUSE CHARITY OF
SWANSCOMBE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
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.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
TheCharityenteredintoanagreementwithourbuildersin2024totakethelandthatwehadpurchasedin2020and for
themtodevelopthelandinaccordancewiththeplanningpermissionreceivedandforthemtodischargeall planning
conditionsandbuildingcontrolrequirementsandinturndelivertothetrusteesthreenewonebedroombungalows and
the Car Park along with the connected gardens.
InMay2024thesitewashandedovertoourbuildersandthetrusteesandourbeneficiarieslookedforwardto an
excitingyear.Itisfairtosaythatyoucanplan,plan,planasmuchaspossiblebutuntilthedevelopmentiscomplete the
projectwasthrowingsurprisesatthebuilderandtrusteesandunfortunatelyattractedsomeunwantedattention resulting
in increased costs.
Thenewbuildprojecttook4yearsfromlandpurchasetohavingthenewthreepropertiesbuiltandhandedoverto the
charity,asignificantperiodoftimeduringthisprocesswasowingtoCovidrelateddelaysandthetrusteesofthe charity
are proud of the charities achievements.
ThenewpropertieswerehandovertothecharityatthestartofDecember2024withaphaseallocationapproach of
these properties to new beneficiaries, with all new properties being habitable by the end of December 2024.
Thereareteethingissueandtherewasamassiveprojecttotransformthelandanddevelopanewcharitygardens. Now
thatwehaveanopengardenandhave7propertiesandacarparkallconnectedourofferingisstrongand secure,
however we look forward to further developing our gardens over 2025.
The total charity properties are now 8 in total.
TheprojectwasfundedbyreservesandamortgagefromtheCharityBank,Thetrusteesare100%clearthatthe Charity
wantstoclearthismortgageintheshorttermbringingthecharitytoadebtfreestatusagainalongwith strengthening
the charity reserves back to a strong significant level to ensure the continued long term financial stability of the charity.
Thetrusteesspent2024buildinguponthe2023workofraisingthecharityprofilebyattendingschoolfayres networking
andattendinglocaleventsthiswasreallypositiveforthecharityandresultedinsignificantgrantsandfundraising over
the year.
Asoftheendofthecharityaccountingyear,all8ofthecharity'spropertieswereallocated,itisexpectedthatonewill be
returnedtothetrusteesowingtoaresidentneedingmoresupportivecare,i.e.acarehome.Beneficiariesfeedback over
the year it at an all-time high as beneficiaries are proud of the trustees achievement and growth of the charity.
FINANCIAL REVIEW
Financial position
2024/25wasatransformationalyearforthecharity,butthetrusteesacknowledgethatcashonhandisnotatthe levels
we are comfortable with and the plan is to build on this over the next financial year.
Thenewpropertieswillgenerateinexcessof£26,000withamortgagepaymentof£24,000perannum,therefore the
new properties over the short term will not drive increased revenue for the charity until the mortgage is cleared.
Page 1
CONSOLIDATED ALMSHOUSE CHARITY OF
SWANSCOMBE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
FINANCIAL REVIEW
Going concern
Trusteesnowwanttospendtimeembeddingthenewsizeofthecharityattractingnewvolunteersandreflectingon the
progress made.
The roof of Milton Street and side flank wall needs attention
FUTURE PLANS
We have identified two site for a watch approach
One is undeveloped and has been offered to the charity for £500,000 and has permission for 5 x 2 bedroom properties
The other is the purchase of the remaining two bungalows at Bird Row when and if they come to market.
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
Carleys
Second Floor South
The Fitted Rigging House
The Historic Dockyard
Chatham
Kent
ME4 4TZ
Page 2
CONSOLIDATED ALMSHOUSE CHARITY OF
SWANSCOMBE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
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 28 January 2026 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 2025.
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 2026
Page 4
CONSOLIDATED ALMSHOUSE CHARITY OF
SWANSCOMBE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
5,520
Charitable activities
Rental of almshouses
40,961
Other trading activities
2
11,581
Investment income
3
1,460
Other income
476
Total
59,998
EXPENDITURE ON
Raising funds
4
6,704
Charitable activities
Rental of almshouses
33,496
Other
4,088
Total
44,288
NET INCOME
15,710
RECONCILIATION OF FUNDS
Total funds brought forward
737,171
TOTAL FUNDS CARRIED FORWARD
752,881 |
Restricted
fund
£
68,216
-
-
-
-
68,216
-
-
-
-
68,216
-
68,216 |
2025
Total
funds
£
73,736
40,961
11,581
1,460
476
128,214
6,704
33,496
4,088
44,288
83,926
737,171
821,097 |
2024
Total
funds
£
328
30,585
6,133
4,242
- |
|
|
|
41,288 |
|
|
|
3,653
13,212
- |
|
|
|
16,865 |
|
|
|
24,423
712,748 |
|
|
|
737,171 |
The notes form part of these financial statements
Page 5
CONSOLIDATED ALMSHOUSE CHARITY OF
SWANSCOMBE
BALANCE SHEET 31 MARCH 2025
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
CREDITORS
Amounts falling due after more than one year
12
NET ASSETS
FUNDS
14
Unrestricted funds
Restricted funds
TOTAL FUNDS |
Unrestricted
funds
£
1,031,804
5,975
14,546
20,521
(6,235)
14,286
1,046,090
(293,209)
752,881 |
Restricted
fund
£
68,216
-
-
-
-
-
68,216
-
68,216 |
2025
Total
funds
£
1,100,020
5,975
14,546
20,521
(6,235)
14,286
1,114,306
(293,209)
821,097
752,881
68,216
821,097 |
2024
Total
funds
£
576,052
31,757
136,070
167,827
(6,708)
161,119
737,171
-
737,171
737,171
-
737,171 |
|
|
|
|
|
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon28January2026and 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 2025
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
3.
|
2025 |
2024 |
|
£ |
£ |
Fundraising events |
11,581 |
6,133 |
INVESTMENT INCOME |
|
|
|
2025 |
2024 |
|
£ |
£ |
Deposit account interest |
1,460 |
4,242 |
continued...
Page 7
CONSOLIDATED ALMSHOUSE CHARITY OF
SWANSCOMBE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
4. RAISING FUNDS
Investment management costs
Investment management costs |
|
|
|
2025 |
2024 |
|
£ |
£ |
Property repairs |
3,275 |
677 |
5. TRUSTEES' REMUNERATION AND BENEFITS
Notrusteereceivedanyremunerationoranyotherbenefitduringtheyear.Notrusteeorotherpersonrelated to
thecharityhadanypersonalinterestinanycontractortransactionenteredintobythecharityduringthe year
(2024: £Nil).
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
328
Charitable activities
Rental of almshouses
30,585
Other trading activities
6,133
Investment income
4,242
Total
41,288
EXPENDITURE ON
Raising funds
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 |
Restricted
fund
£
-
-
-
-
-
-
-
-
-
-
- |
Total
funds
£
328
30,585
6,133
4,242 |
|
|
41,288 |
|
|
3,653
13,212 |
|
|
16,865 |
|
|
24,423
712,748 |
|
|
737,171 |
continued...
Page 8
CONSOLIDATED ALMSHOUSE CHARITY OF
SWANSCOMBE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
7. INDEPENDENT EXAMINER'S FEE
Inrespectofthe£1,350(2024:£1,180)payabletotheindependentexaminerfortheyear,£400(2024:£300) is
for the independent examination and £950 (2024: £880) relates to accountancy services.
8. STAFF SALARIES
There were no salaries paid by the charity for the year ended 31st March 2025 (2024: Nil).
9. TANGIBLE FIXED ASSETS
COST
At 1 April 2024
Additions
At 31 March 2025
DEPRECIATION
At 1 April 2024
Charge for year
At 31 March 2025
NET BOOK VALUE
At 31 March 2025
At 31 March 2024
10.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments and accrued income
11.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 13)
Trade creditors
Other creditors |
Freehold
property
£
575,490
519,916
1,095,406
-
-
-
1,095,406
575,490 |
Plant and
machinery
£
750
5,589
6,339
188
1,537
1,725
4,614
562
2025
£
5,685
290
5,975
2025
£
2,790
2,093
1,352
6,235 |
Plant and
machinery
£
750
5,589
6,339
188
1,537
1,725
4,614
562
2025
£
5,685
290
5,975
2025
£
2,790
2,093
1,352
6,235 |
Totals
£
576,240
525,505 |
Totals
£
576,240
525,505 |
Totals
£
576,240
525,505 |
|
|
|
|
1,101,745 |
|
|
|
|
|
|
188
1,537 |
|
|
|
|
|
|
1,725 |
|
|
|
|
|
|
1,100,020 |
|
|
|
|
|
|
576,052 |
|
|
|
|
|
|
|
2024
£
2,958
28,799 |
|
|
|
|
|
|
31,757 |
|
|
|
|
|
|
|
2024
£
-
5,528
1,180 |
|
|
|
|
|
|
6,708 |
continued...
Page 9
CONSOLIDATED ALMSHOUSE CHARITY OF
SWANSCOMBE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
12.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Bank loans (see note 13)
13.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank loans
Amounts falling between one and two years:
Bank loans - 1-2 years
Amounts falling due between two and five years:
Bank loans - 2-5 years
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal
14.
MOVEMENT IN FUNDS
Net
movement
At 1.4.24
in funds
£
£
Unrestricted funds
General fund
161,681
25,743
Almhouses fund
575,490
(10,033)
737,171
15,710
Restricted funds
Almshouse fund
-
68,216
TOTAL FUNDS
737,171
83,926
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
59,997
Almhouses fund
1
59,998
Restricted funds
Almshouse fund
68,216
TOTAL FUNDS
128,214 |
2025
2024
£
£
293,209
-
2025
2024
£
£
2,790
-
4,968
-
17,189
-
271,052
-
Transfers
between
At
funds
31.3.25
£
£
(165,733)
21,691
165,733
731,190
-
752,881
-
68,216
-
821,097
Resources
Movement
expended
in funds
£
£
(34,254)
25,743
(10,034)
(10,033)
(44,288)
15,710
-
68,216
(44,288)
83,926 |
|
|
continued...
Page 10
CONSOLIDATED ALMSHOUSE CHARITY OF
SWANSCOMBE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
14. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Unrestricted funds
General fund
Almhouses fund
TOTAL FUNDS |
At 1.4.23
£
137,258
575,490
712,748
712,748 |
Net
movement
in funds
£
24,423
-
24,423
24,423 |
At
31.3.24
£
161,681
575,490 |
|
|
|
737,171 |
|
|
|
737,171 |
Comparative 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 |
A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
General fund
Almhouses fund
Restricted funds
Almshouse fund
TOTAL FUNDS |
At 1.4.23
£
137,258
575,490
712,748
-
712,748 |
Net
movement
in funds
£
50,166
(10,033)
40,133
68,216
108,349 |
Transfers
between
funds
£
(165,733)
165,733
-
-
- |
At
31.3.25
£
21,691
731,190 |
|
|
|
|
752,881
68,216 |
|
|
|
|
821,097 |
continued...
Page 11
CONSOLIDATED ALMSHOUSE CHARITY OF
SWANSCOMBE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
14. MOVEMENT IN FUNDS - continued
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedintheabove are
as follows:
Unrestricted funds
General fund
Almhouses fund
Restricted funds
Almshouse fund
TOTAL FUNDS |
Incoming
resources
£
101,285
1
101,286
68,216
169,502 |
Resources
Movement
expended
in funds
£
£
(51,119)
50,166
(10,034)
(10,033)
(61,153)
40,133
-
68,216
(61,153)
108,349 |
|
|
|
15. CONTINGENT LIABILITIES
Thereisacontingentliabilityinrespectofagrantfor£52,090shouldthesuccessortothegrantorbeable to
authenticateanentitlementtorepaymentandtheirrighttoreceivethatrepayment.Atpresentneitherthe right
to repayment nor the party entitled to such repayment are known to the trustees.
16. RELATED PARTY DISCLOSURES
Therewerenorelatedpartytransactionsfortheyearended31stMarch2025norfortheyearended31st March
2024.
Page 12
CONSOLIDATED ALMSHOUSE CHARITY OF
SWANSCOMBE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Grants
Other trading activities
Fundraising events
Investment income
Deposit account interest
Charitable activities
Rent receivable
Other income
Other income
Total incoming resources
EXPENDITURE
Other trading activities
Fund raising expenses
Investment management costs
Property repairs
Charitable activities
Rates and water
Insurance
Light and heat
Postage and stationery
Sundries
Gardening
Computer costs
Parking
Routine maintenance
Security costs
Bad debts
Plant and machinery
Bank loan interest
Loan arrangement fee
Support costs
Finance
Bank charges |
2025
£
5,520
68,216
73,736
11,581
1,460
40,961
476
128,214
3,429
3,275
1,381
1,136
1,187
40
629
1,230
-
161
6,054
1,080
282
1,538
10,034
5,700
30,452
100 |
2024
£
328
- |
|
|
328
6,133
4,242
30,585
- |
|
|
41,288
2,976
677
771
1,034
392
76
596
508
102
-
4,757
-
3,321
188
-
- |
|
|
11,745
60 |
This page does not form part of the statutory financial statements
Page 13
CONSOLIDATED ALMSHOUSE CHARITY OF
SWANSCOMBE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
Finance
Other
Sundries
Governance costs
Accountancy
Legal & professional
Total resources expended
Net income |
2025
£
1,001
1,220
4,811
6,031
44,288
83,926 |
2024
£
267
1,180
(40)
1,140
16,865
24,423 |
|
|
|
This page does not form part of the statutory financial statements
Page 14