Chartty number: 239044
HOWARD DE WALDEN HOSTEL CHARITY
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

HOWARD DE WALDEN HOSTEL CHART
CONTENTS
P898
Refor•n￿ and admlnlstratlv• d•taSls of the Charity. its Trustees and adviser•
T￿￿ee5. report
Indgpgndent examlnerfs report
Statém•nt olflnanelal aetlYltl•s
Balan¢• $h••t
Notes to the financlal statem•nts
8.18

HOWARD DE WALDEN HOSTEL CHARITY
REFERENCE AND ADmINIsTRATP￿ DETAILS OF THE CHARfTY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2024
Trustegs
Mrs J I Swlrn￿, Chairrn
Mrs M D J Smith
Mrs E R Oeane
Mr S M Rirg. Treasurer
Rev B Reed
Mrs C Smilh
Charlty reglst•r•d
number
239044
Prlnelpal offl¢•
176 Tonbrid9e Ro•J
aidstone
Kent
ME168ST
S•cr•tary
Mr5 E R Deane
Ind•p•nd•nt Ex•mln•r
D C￿￿Tar￿￿t BS¢ BFP FCA
MHA
Victorla Ccyjrt
17-21 AShI￿d R¢)ad
Maidslon¥
Kent
ME14 5DA
Bankers
National Westminsler Bank PIC
3 High Street
M8idslone
Kenl
ME14 1XU
Page 1

HOWARD DE WALDEN HOSTEL CHARtrY
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present thoir annual report together th tho financial slatem&nts of the Charity for the l April 2023
to 31 March 2024.
The finanGal staternents have ba$n prepared in acc(￿dar￿ the accounting p(Aicies set out in note 1 to the
rinanrial slalements and corn￿y ￿ thè Charitrfs trust deed. the Charities Act 2011 and Accounting and
Reporting by Charibes.. Statement of Recommended Practice ISORPI applicable to ch8ribes preparing their
financial statemenis in accoidance in the UK and Republic of Ireland {FRS1021 effective Irom 1 January 2019.
ObleGtSvo8 and actlvltl•g
PolScles and obl•ctlves
The objecllve ol the Howard de Waldw Host81 Charlty was lo establish and maintain a host61 lor the re55d*nti81
accommodalion, recrea11￿ and in5truGtion ol *%Mn8n and girts of the town of M8idston8 8mployed wllhln
the said town or the neighbourhood thereof.
oblectivg wa$ 8m&nded on 8 Febrnary 1993 so that the hostel m(ght also b8 us8d for the beneflt of young
Women and girfs attending a Course ol Instruction at a recognised place of educabon or instrucu'on in Maidslon8.
During 2CH)3 Ihe otlective ol the hosl¢l ¢haritywas èxt•nded to kndude young men.
In setllng obl$¢t1￿5 and planning for aclNlties. Ihe Trustees have given d(te ¢￿sIderat￿)n to general guldance
published by the Charity Commission relatin9 to pu￿1¢ benefit. including Ihe guidance Public benefil.. running a
charity IPB21'.
b. Str•t•g1?$ tor achlovlng obJÈetlv•8
Th8 Trust89s work to an ac11￿ and dellvary plan agreed by thè Tw$ts¢$ whlch is regularfy r$￿￿Wad arKI
am•nde<l.
c. Aetlvltl•• undèrtak•n to *ehlev• obJecllv•s
The Hostel Is subject to or¥Jolng maintenance and è prty)rdmm* of ronoval￿S to ensure it Is maintained at 8
good standard.
Aehl•v•m•nts and p•rtom)anc•
. Revl•w of actlvltb•s
During the year Ihe Charrty has been able to ¢ontinu¢ to malniain the property as well as ensuring that ¢h¥
property complies wth the current fire regulafions_
Flnanclal revlew
a. Golng concèrn
After making approwiate enquiries, Ihe Trustees have a reasonable eXpeC(atyr￿ th3t the Charity has adequate
resource5 to continue in operational existence for the foreseeable future. For this rea50n, they continue to adopt
the going con¢em basis in preparing the finanual statements. Further details regarding the adoptson of the going
concern basis can bè found in the accountiThJ pdws.
Page 2

HOWARD DE WALDEN HOSTEL CHARrrY
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
b. Reserves policy
Trustees aim lo hold reserves sufficient lo cover costs of ¥unning and maintaining the hostel for the next 12
months. The balance ol reserves al 31 March 2024 amounted lo £157.77512023- £158.3121.
c. Key figurès
Results ol the charty for the year show a nel decrease in lunds of £2,53712023- inC￿$e of £3361.
d. MaterSal Investments policy
OUT investmenl advisors Blackrock are tnstnjcted lo invest lo maximise the lolal ￿luM on Black￿Ck Charities
UK Equily Funds within Ihe conlraints ol a bw fisk investment portfolio.
Structure. gov•rnance and m4n*gèmont
Constitutlon
The Howard de Walden Insbtue as il was formerty known came into existence as a charity In 1896. In 1922
scheme was approved by The B¢)afd of Charity Commissioners for England and Wases for the iegulalion ol the
harily.
In 1950 the Iruslees applied to the Charity Commisstoners and on 12 January 1951 a Charity Commission
Scheme was approved dividing the Original charity into hvo separate chanhes to be known as The Howard de
Walden C5ub Charity and the Howard De Walden Hostel Charity. The Charity CommissKJn Scheme was
amended on 5 Decembei 2003. The Charity number is 239044.
There have been changes in the objectwes since the last annual ieport.
b. Methods of appolntm•nt or electlon of Tru$tee$
The mana9emenl ol the Charity 15 the reS￿nSibI1ty of the Tru51ees who are elecled and co<Jpled under the
lems of the Trust deed.
The charity conslilutes a trust, adminstered and man4ed ty a body of trustees consisting of or+e nominated
trustee, and up lo e￿h1 ccwperalNe trustees.
The nominated trustee shall be appointed by the Archbishop of Canlerbury. Co-operatsve trustees are persons
residing or carrying on business in or near Maidstone, and are appointed by resolution of the existing trustees al
special meetings.
c. Organl$atlonal Structure and de¢islon-maklng policles
The Trustees meet on a monthly basis lo discuss and resolve any issues ar¢sing. The Trustees are the main
decision making body for the Charity. The House Manager runs the hostel on a day to day basis.
d. Pollcles adopted for the Inductlon and tralnlng of Trustee$
The charity provides new Trustees wth training arKI mentoring from the Chair.
Page 3

HOWARD DE WALDEN HOSTEL CHARrrY
TRUSTEES. REPORT (CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
Structur&. g¢v•rnance and management lcontinuedl
e. Pay polley for k•y management pernonnol
The Trustees conshler the Board of Trustees and the Treasurer as ujmprising the key management personnel
of the charity in charge of directing. controlling, running and operating the charity on a day to day ba51S.
All Trustees give their tme freety and no trustee remunation was Pa￿ in the year except a small honorarium paid
to the Treasurer which Is agreed each year by the Board of Trustees.
Plans for futuro yrlod$
The long term aim of the Charity is to maintian full ¢￿￿pan￿ of Ihg Hostel When funds allow, it is hoped that
the lop floor be renovated arKt brought back into use.
Statement of Tru$tge$' rosponslbllltles
The Trusiees are responsible for preparing the TrLtstees' report and the financial ststements in aceordance with
applicable law and United ￿"ngdoM Aceounling Standards (United Kingd¢yn Generally Accepted Accounting
Praclicel.
The law applicable lo charities in England & Wales requires the Trustees lo prepare financial statements for
each financial year which give a true and fair view ol the stale ol affairs of the Charity and ol its incoming
resources an¢J applicab.on of resources, including its ir￿rne and expenditure. lor Ihal period. In preparing these
financial statements. thè Trustees are required lo..
select suitable accountin9 pOI￿leS and then apply them consislenty..
observe the methods and principles ol the Charities SORP IFRS 1021.
make judgements and accounting estimates that a￿ reasonable and prudent",
stsle whether applicab￿ UK Accounting Standards IFRS 1021 have been followed, subject lo any materi81
departures disclosed and explained in the financial statements,
prepare the financial Statements on the going concem basis unless it is inappropriate lo presumg that the
Charity will continue in business.
The Trustees a￿ responsible for keeping adequale accountsng records ihat are sufficient lo show and explain
the Charity's transactsons and disckjse wlh ieasonable accuracy at any time the financial position ol the Charity
and enable them lo ensu￿ that the financial slalemenls comply wlh the Charities Act 2011, the Charity
(Accounts and Reports) Regulations 2008 and the provis￿$ of the Trust deed They are also responsible for
safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
Approved by order of the members of the t#)art1 of Trustees ar￿ SVJn￿ on their behalf by".
I Sweetman
Dale..
Page 4

HOWARD DE WALDEN HOSTEL CHARtTY
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH 2024
Ind•￿nd•￿t examtn•rfs rnport to th* TNs1•è5 of Howard De Walden Hostel Chaflty Ilh•
Charltyl
I report lo the charity Tru$ttss on my examThtion ol the accoLmts of tho C￿rity for the year ended 31 March
2024.
R•sponslblliti•s and basls of r•port
A5 the Truste8s ol th• Charity yvu 8re ￿SponsItIe for Ihè preporalion of the accounts in accordance with lh*
requirements of ¢h& Charities Act 2011 {Ihe 2011 Act'j.
I report In r¢spect of my examination of tha CharilY5 acc¥wnts caryled cyjt under seclon 145 of th8 2011 Acl and
In ¢arryin9 out my examinabon I have folk)1￿ the 8pplicable Direciions 9Nen by th* Chgrity Comrni5sion under
secllon 14515llbl ol the 2011 Act.
Indop•nd•nt •xamlftèrfs st4tem•nt
I havè complated my examination. I confim Ihat no matters have come to my 8ttgnl1￿ In with the
¢xamlnallon glvlng rne cause to boli8v& that in any material respecL
accounting records wwo not k?pl in respect of the Charity as rgwir¢d by 8ectron 130 of th8 2011 Act.. or
the accounts do not accord V￿th ihosa r•cord$.'
Ihe accounts do nol comply wlh Ihe ¥pplrAble requirements coneAmlng th¢ form and ¢onlenl ol
accounts set out in the Charitso$ (A￿oUnts and Rep￿) Regulat￿n$ 2008 oth&r than #ny requirement
th81 the accounts gi￿ a 'tru¢ and fairf view %thich is not a mattar Cons￿￿red 0$ Part of an independent
éxamlnatlon.
I have no concerns and hav& com8 a¢ros$ no other matters in conn8ctKM vAth thè 8xam?nats'on lo wh
attenllon Should be drawn in this report th ortsr lo ena￿e a proper understandln9 01 tho ¥¢¢ounts lo be reached.
This report is mad6 sol$ly to the Charitys Tnjstees, as a body. In accordance with Part 4 01 the Charities
(Accounts and Rèports) Regulations 2008. My work has b*￿ undertaken 60 that I M￿h1 slate lo th& Charitys
Trustees thosè matl8rs l arn required to slate to thèm In an Independenl examinerfs report and for no othor
purpose. To lull
exlenl permitted by law, I 110 not a¢¢epl or assume responwbilty to anY£￿e other than I
Charlty and th¢ C
rivs TNstees as a body. for myvtsk or for this rep)rt.
Slgned..
D Cochrane4ly•t Bsc BFP FCA
MHA
Maidstone
Unlted Kingdom
Pagè 5

HOWARD DE WALOEN HOSTEL CHARITY
STATEMENT OF FINANCIAL ACMVITIES
FOR THE YEAR ENDED 31 MARCH 2024
Unrnstrict•d
fund$
2024
Total
funds
2024
Total
lunds
2023
Not•
Ine¢xnè from:
Charitable acts'vrtie¥
Investments
64.991
2,983
64,991
2,983
62.765
2.113
Totsl Incom•
67,974
67.974
64,878
Exp•nd1tU￿ on:
Charitsbl& activitie5
72,058
72,0S8
64,001
Total 0X￿nd￿lu11
72,058
72,058
64,001
Net l¢xpenditureillncom• b•lor• n•t galnsllloss•s)
on Investments
Nel gainslllossesl on Investments
14,0841
1,547
14,0841
1,547
877
15411
Not mov•meni In fund$
12.S371
12,5371
336
Reconclliallon of funds:
Totsl funds brought forward
Net movement in lunds
158.312
12,5371
158,312
12.537}
157,976
336
Total funds carrl•d forward
155,775
155.775
1S8,312
The Sl3lem¢nt ol finanual aclivilies Include5 all gains and losses recognised in ￿ar.
The rK*tes on pages 8 to 18 fom part of thesè fingrtial stat1￿nents.
Page 6

HOWARD DE WALDEN HOSTEL CHARtrY
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Not•
FSxed assots
T8ngible 85stts
Invèstmants
10
11
14,712
Sfj.401
17.619
$4,854
71.113
72.473
Curront ass•ts
Debtors
Cash at bank and in haThJ
12
944
89,734
1.207
90.939
90.678
92.146
Credilors.. amount8 falllng due wilhin one
y8ar
13
16.0161
16,3071
N•t ¢urr•nt •$$•ts
84,662
85,839
Total •sut81•88 eurrgnt11obllttl•$
155,77S
1S8,312
Total not as￿1¥
155.775
158.312
Charity funds
Restrfcted funds
Unrestricted lunds
15
15
155,775
158,312
Total lunds
155,775
158,312
The financial Statements were approved aTrJ aUt￿l$ed for is¥￿ by the Trustees and slgned on thglr behair ty.
J I Sw•etman
Date.. I
oi
Thg notes on pages 810 18 fowrn pwt of these finar￿18[ Statements.
Pagg 7

HOWARD OE WALDEN HOSTEL CHARrrY
NOTES TOTHE FINANC￿ STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Genero1 Infomiatlon
Howaid de Walden Hoslel charity is an unincowrated charity fegistered by Ihe Charity Commission in
England and Wales and wvemed by the Scheme dated 15 November 2010. The registered address is
given on the admini5tratNe details pago ol these finarKi81 stalement5. financial statements are
pr85ented in sierling which is Ihe funcfional currency ol the charity and rounded lo the nearest pound.
Accountlng polScl•s
2.1 Basls of prnparatlon of financlal stst•m•nts
Th¢ financial ststements ha￿ been pr&pareiJ in a¢cordan¢e wilh the Charstias SORP IFRS 1021-
A¢¢oLtnling and Reporting by Charrties.. Statemenl of Recommended Practi¢¢ applicable to charilles
preparing their accounts in accordance wilh the Financial Reporting Standard 8pplicable in the UK
and Republic ol Ireland IFRS 1021 {effeclive 1 January 20191, the Financial Reporting Slandard
appluble in the UK and Republic ol Ireland IFRS 1021 and the Charits"es Act 2011.
Howard De Walden Ho$lel Charity mee15 the defin1ti¢￿ of a wJbll¢ btrn¥fil ¥ntity undèr FRS 102.
Asseis and liabilities are initially recognised at historical o)s¢ or transactit)n v¥lu¥ unless othe￿iS8
slated in Ihe relevant accA)unW Oicy.
2.2 Golng conc•rn
Thg Tru$te¢s ha￿ ¢onsld&red fvlty th¢ ¢hariV$ Ilnan¢ial po$lllJ).
The Tru51ees con3ider Ihal there are no malerial uncertainitses al)out the ¢hafill$ ability to contlnu8
as a goiThJ concem for the l¢)T8eeabte future.
2.3 Incom•
All incomé 1$ rècognisad oncè Ihè Charity has ¢nb"Uèment to th8 Income, it is probable that the
incomtr will ￿ r¥c8wéd and Ihè omount of in￿le receivalje ¢an be mèasured reliably.
Irthme tax recoverabk8 in relalion to ￿VeStMent ncome is rocognised al tho b.me tho inv&stm&nt
incorne is reCeNa￿9.
Pagè 8

HOWARD DE WALDEN HOSTEL CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE Y&4R ENDED 31 MARCH 2024
Accountlng pollel•s leontinuedl
2.4 Expendltur•
Expenditur8 is recognised onco there is a le9al or (xJn5truth"vè obligatitirj lo transfer economlc benefit
to a third paty. it 15 probable that a tran51ef of economlc benefits Wi￿ be required in 5etUemenl and
thè amount of the obligation can b8 measured reliably. Expenditure Is classified by aclwty. The Costs
of gach activity are made vp ol the total of (Firecl costs and shared cosfs. Sndudiro support costs
Involved In undertaking each activity. Direct costs attributable to a single acliwty are allocated directly
lo that actiwty. Shared costs whlch contribute to more than one aC￿￿ty and support costs which are
not atlrkn¢Jtable to a single acts.vity arfr ap￿lIOned betw￿fi those activities on a basis consistent vAth
the use of resources. C8ntral staff ¢osts arè alk£at￿ on the basis of ts"m8 s￿n( and depfeciatich)
charges allocated on the pth.on of th¥ as$el'5 Use.
￿K￿ndl1Ur• on chgntabts 8cbvilies 1$ kncwred on dire¢Vy uThJ¢rtaking the a¢tivitie$ bvhi¢h furth•r th&
Charivs objectives. as well as any associaied 5UPPOrt CDSts.
AJI expenditure i8 Inclusive of irTecoverabl8 VAT.
2.S Int•r••t r•c•lv•bl•
Interest on h8ld on d8posit Is Ind￿￿6￿ vthen I￿01¥able and tha amount can b8 measured
relkbly by Ihe Charity., this Is normalty Ltpon notlficauon of tha Int•r8st pald or payable by thg
institution whom the lunds are d8P)sit8(1.
2.6 Tanglbl• fix•d *￿ets and deprg¢Satlon
T¥ngtble f¢xed 85sels cosltng £500 or more are capilali5ed and recogni5ed when rf￿Ure econorni
benefits are probable and the cosl or value of the as5el can be me85ured rel￿bly.
Tangible f¢xed assets are initialty recognised at cosl. After rewJnition, under the cost model, tangible
rixed assets are meaSU￿d al cost less accumulated depreciation and any accumulated impairment
losses. AJI costs Sncurred to bring a tsngibk f￿ad assel into its intended working condlbon should b•
IndLtded In the m&asurèmènt of cosL
D8prg¢iatlcA) 1$ ¢harg811 $0 as to alk¢at& tho ￿$1 ol tsnglble fixed assets less thelr rg$ldual valu&
over thelr estimated useful INes, the 5tr8igh14ine met1￿￿1.
Deprecial*Jn ￿ provided on the frAl¢y*ing bas55".
Freehdd wopety
- 10% Sirnlghl Llne
2.7 Inv•stmÈnts
F￿￿ed asset investments are a form of finaneAal ir￿trUment 8nd arè inibalty r*¢¢goi3ed al their
transaction cost and subseqvenuy measured al fair value al the Balance sheet d8tg. unless the valu8
cannot be measured reliably in which case rt is measured at o)st less impaim7ent. Invesbnent gair¢s
and 105ses, whethèr realised or unrealised. ar6 comlm.ned and presented as 'GainsllLossèsl on
Irwgstrngnts. in the Ststemgnt of fvpncial a¢tith.
2.8 Debtors
Trade and other debtors are recognised at Ihe setuement amount after any trade discount Offe￿d.
Prepayments are ¥￿Ued at Ihe amwnt &Yepaid nel of any trade discounts due.
Page 9

HOWARD DE WALDEN HOSTEL CHARirY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollcles {¢ontSnued}
2.9 Cash 4t bank and Sn hand
Cash at bank and in hand indudÈs cash hrKI short-term highly liquid inveslrnents wlh a short maturity
of Ihrèe monlhs or lèss from the date of acquisition or opening of the deposit or similar account.
2.10 Uabllltlos and provlslons
Liabililies are recognised when there Ls an obllgakn at Ihe Balance sheet d8te 85 8 re$ult of a past
evenl, il is probable that a translèr ol e(x)nomic benefil wll be required in seluement, and th8 amount
of th& $etllem¥nl ¢an b¢ trstymaled reliatAy.
LIabl￿treS are recc¥Jnised 31 the amounl ihat the Charity anlicipat•s it wtll pay to setue the debt or Ihe
omount it has received as 8dvanced pa￿￿entS for the gwjs or $*rvi¢&$ il must provvje.
Provisions afe measured al bèst èslimalè ol the amount5 Teqvired io setue the obligatitsn. Whèrè
the èflect ol thè time valua of money 15 material, the provision is based on the present value of thos
amounts. di$¢(yJnted al the pre-tsx discount rate that reflects the risks sp8crfic lo the liats'lity. The
unwthdlng ol th8 discount Is recognised in th8 Slalemont of finanaal ac1vIt￿S as a finance cost.
2.11 Fln4nclal Instrurn•nts
The Charity only has financial assèts and financial liatilities of a klnd that qualify as baslc financlal
inslnjments. Basic financial instrumtsnts ara initially recogni5ed 8t trarnsaction value and subsagu¢nlly
measur8d at their s&tUement value vlilh the excepticfi ol bank klans vknich are subsequenuy
mtasured at amorti5ed c¢)sl uslng the effective Inle￿$1 method.
2.12 Fund accouneln9
General funds are Unfestr￿led funds arè av8iL8bl8 far u80 81 the diserétion of th8 Truste&s in
furtherance ol lh8 gen8ral obj8cb"v8s ol Ihè Charity and %thi¢h have nol been dèsKJnalod lor othar
purposas.
Investment in¢ome, gains aTrJ105ses are alkxaled to lh8 appropriatè lund.
Page 10

HOWARD DE WALDEN HOSTEL CHARrrY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Incorne from charltable actlvlttes
Unrestrl¢ted
funds
2024
Total
fvnds
2024
Total
funds
2023
Board rè$Klence
Laundry
Electric meler
62.414
1,882
695
62.414
1.882
695
59,742
2.243
780
Total 2024
64.991
64,991
62.765
Total 2023
62,765
62.765
Inv•stm•nt Incom•
Unr•strlcted
lunds
2024
Total
funds
2024
Tot81
funds
2023
Dlvidands re¢¥iv8bl& from inveslrnenls and unit trusis
Bank int&rèst re¢￿Vabl*
1.888
1,095
1.888
1.095
1.837
276
Total 2024
2.983
2,983
2.113
Total 2023
2.113
2.113
Page11

HOWARD DE WALOEN HOSTEL CHARtrY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
An#lysl$ of expenditure on ¢hari¢able activiti0$
Summary by fund type
Unrestrkted
funds
2024
Total
2024
Totsl
2023
Charita￿6 ac￿￿￿•S
Governance
66,002
6,056
6,002
6,056
58.193
5.808
TotZ412024
72.058
72.058
64.001
Toial 2023
64,001
64.001
In the ￿or year. ￿1 0X￿nd1(Vre was mad& from Lmre$lri¢téd fvnd$.
Summary by expendlturg ty
Staff costs D•pr•clatlon Oth•r costs
2024
2024
2024
Totthl
2024
Total
2023
Charitable acll¥Ats•s
Govemance
19,976
2.￿7
43.119
6.056
66.002
6.056
56,193
5.608
Total 2024
19.976
2,907
49,175
72.058
64,001
Total 2023
19,824
2.907
41.270
64,001
Page 12

HOWARD DE WALDEN HOSTEL CHARrrY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Analysls of exp•ndltur• by acti¥itles
Support
costs
2024
Total
nds
2024
Total
funds
2023
Charitable acb.wbes
Govèrnanee
66.002
6.056
16.002
6.056
$8.193
5.808
Total 2024
72.058
72,058
64,001
Totsl 2023
64.001
64,001
Analys1$ of support costs
Chari¢abl•
actlvltl•s Gov•manc•
2024
2024
Total
funds
2024
Tolal
funds
2023
Staff costs
19.976
2.907
159
4,685
5.104
13.358
18.230
1.319
189
19.976
2,907
1S9
4,685
5,104
13,368
18.230
1.319
189
5.356
700
65
19,824
2,907
159
4.896
4,686
14,718
9,658
1,278
175
S.108
700
92
Depreraalion
rv licence
Rat*s
Insuranc8
L￿￿1, heal and power
Repairs arKI mainlenance
Telephone, poslage and ststionery
Computor c95ts
Independent Examin¢rfs fee
Treasurels salary
Sundry
5.356
700
Total 2024
6,056
72,058
64.()01
Total 2023
58.193
64,001
Page 13

HOWARD DE WALDEN HOSTEL CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE Y&4R ENDED 31 MARCH 2024
Independent examlnefs remuneratiot)
2024
2023
Fees payable to the Chanvs independent examrn8f fry the indfypendgnt
examination of thg Charitys annual a¢¢ounts
F¥•s paYa￿e to the Charivs independenl examiner in respect of:
Non audlt s•rvi¢08
2,168
2.269
3.IB8
2.839
Staff Costs
2024
2023
Wages and salafies
19,976
19.824
The aVer￿e number ol perSc￿$ ¢mpW by the Charityduring thè yèar was as lollows..
2024
No.
2023
Employeè
No employee ieceNed iemuneration am￿nting lo more Ihan £60.C*XS In elther year.
The charity considèrs rts key management per50nn81 ￿mprIse the Trustees and the Treasurer. The tot81
emplo￿nent ￿nefitS ol key mana98ment p8¥sonnel were £70012023.. £7001 being the honorarium paid
tts the Treasurer (see below). other trustees ￿ve freely their time and e¥pertkse without any lomi of
emdumenis or reirntsjrsemenl of expenses.
Trust••s' remunèratlon *nd •x￿n8•S
2024
2023
MrSMRing
H￿OrariUM
700
700
During the yaar ended 31 March 2024. M Tnjslèè •X￿nSeS havè bè8n incurr8d12023- £NIL).
Page 14

HOWARD DE WALDEN HOSTEL CHARrrY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
10. T8nglbl¢ fixed assets
Freehold
property
Cost or valuation
At 1 Apdl 2023
109,856
At 31 Maieh 20241
109.856
D•pr•Glatlon
Al 1 April 2023
Charge for Ihe year
92,237
2,907
Al 31 m?￿h 2024
95.144
Nèt book valuè
At 31 Mafch 2024
14,712
At 31 Mar¢h 2023
17,619
11. Flx•d as8•t Inv•$tm•nts
Ll$t#d
Inv•stm8nts
Cost or valuatlon
At 1 April 2023
Revalualions
54,854
1,547
At 31 March 2024
56,401
The 8bc*ve Investmènts reprèsent thè ch8riVs Invesbn¢nl In Blackrock Chathes UK Equity Fund,
h￿￿1ft9 of 7.736.807 share$12023- 7.736.807 3hare51.
Pagè 15

HOWARD DE WALDEN HOSTEL CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
12. Deb¢ors
2024
2023
Due wlthln one year
Tradè debtors
Prèpaym¢nts ar￿ accru￿ irKome
gs
212
944
1,207
13. Cr•dltors: Amounts f?Illng du• wllhln one y•ar
2024
2023
Trade c￿dItorS
Other taxats'on and social security
Oth?r creditors
Accruals ar￿ deferred income
309
124
1,746
4,128
1,704
4,312
6,016
6,307
14. Flnanelal In¥trum¢nts
2024
2023
Flnanclal ass•ts
Financial assets measured al fair vafue through inwne and expenditure
56,401
54,854
Finanaal assets measur8d at lalr Val￿ throu9h in¢om¢ and ¢xpondilur¢ ¢ompri$g flxad assel
Inveslments valued at thair fair valug at th$ >ear end.
Pagè 16

HOWARD DE WALDEN HOSTEL CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
15. Ststement of funds
Statom•nt of funds- current year
Balance at
31 March
2024
Balanc• at 1
A4+rll 2023
Galnsl
IL0s5esI
Incom• EXpendI￿re
Unrestrtct•d funds
Res$Ntr$
158,312
67.974
172.0581
1,S47
1S5,775
Statement of funds- prlor y•8r
Balance al
31 March
2023
Balance 81
1 April 2022
GaSnsl
(Lossesl
Incune Expendrtur8
Unr•strSct•d funds
R•s&rves
157,976
64.878
164,001)
15411
158,312
Page 17

HOWARD DE WALDEN HOSTEL CHARtTY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
16. Analysls of net ￿se19 betw•en funds
Analysls of nèt •ss•ts b•twe•n funds- current p•rlod
Unr•strlet•d
lunds
2024
Total
funds
2024
Tangib￿ fixed a$s&ts
Fixed asset Inv&stments
Cvrrenl assets
Crèditors due wthin c￿e year
14,712
56,401
90,678
16,0161
14,712
56.401
90.67B
16,0161
Total
155.775
155,775
Analysls of nèt a¥$et¥ betw•en lund¥ . prlor yrlod
Unrèstrictod
fund8
2023
Total
fvnds
2023
Tanglbla fixed •$stts
Flxed assel Investments
17.619
54,854
92.146
16,3071
17,619
54,854
92.146
16,3071
Current a55ets
Crèditors due wthin ￿ar
Total
158,312
158,312
17. R#lat•d party transacUons
Duiring Ihe year the trustee Mr S M Ring. In hls rol8 as Treasuror. recelved a small honorarium salary of
£70012023. £700}.
Pag8 18