NEW ALRESFORD TOWN TRUST
Charity No. 239052
TOWN
ST
NEWALRESFORD
Annual Report and Accounts for the year ended
31 December 2024
Current Trustee
Mrs Vanessa Andrews (Chair)
Mr Robin Atkins {Trea5urer retired 13 October 2024)
Mr Roy Gentry (Treasurer appointed 13 October 2024)
Mr Ernie Jeffs
Mr Len Orton
Mrs Clare Pinniger
Mr Steve Parker
Ms Sophie Rawlings
QfEGo: Old Fire Station, 54 Broad Street, Alresford, S024 9AN
Inde
endent Examiner:
Butler & Co Audit Limited
Chartered Accountants and Registered Auditors
The Old Stables
Sutton Manor Farm
Bishop's Sutton
Alresford
Hampshire. S024 OAA

NEW ALRESFORD TOWN TRUST
Contents
ANNUAL REPORT OF THE TRUSTEES......................,... .
TRUST DEED....................................,...............,..
STRUCTURE OF THE TRUST.................................................,.......
OBJECTS OF THETRUST........................................,............,.......
PUBLIC BENEFIT STATEMENT........,...................
PRINCIPAL ACTIVITIES...........,................
TRUSTEES..
SEPARATE ACCOUNTS..............,,..,,..,..........,...,......,.............. ............... . ..............................
ANNUAL REPORT AND ACCOUNTS...........,.,...,..,................................... ...............................
RESERVE FUNDS AND ACTIVITIES..
ACTIVITIES 2024..
,io
ACKNOWLEDGMENT OF GRATITUDE............................,.............................,.. .
.12
BALANCE SHEET AS AT 31 DECEMBER 2024.........
.14
STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR ENDED 31 DECEMBER 2024..................... 15
RESPONS181LITIES OF THE TRUSTEES.. ....
.24
INDEPENDENT EXAMINERS REPORT.........
..25

NEW ALRESFORD TOWN TRUST
ANNUAL REPORT OF THE TRUSTEES
The Trustees present their report with the financial statements of the charity for the year
ended 31 December 2024. The Trustees have adopted the provisions of Accounting and
Reportlng by Charities.. Statement of Recommended Practice applicable to charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021 (effective l January 20191.
TRUST DEED
The current Deed is dated 11 October 1989 and is the Trust's Govern ing Document. This has
been amended by Order of Charity Commission dated 12 February 2004, by a Trustees,
re501ution on 8 October 2012, and by Memorandum of Amendments dated 15 July 2015.
STRUCTURE OF TIIE TRUST
Registered Charity number
239052
Principal address
The Old Fire Station
54 Broad Street
Alresford
Hampshlre
S024 9AN
round
The Trust was incorporated on 28 March 1890 as the Successor Or8anisation to the
Bailiff and Burgesses. The Charity Commissioners have regulated the Trust throughout
its existence and agreed that 9 Trustees should run the Trust with 5 being nomlnees
of the Parlsh (now Town) Council and 4 by co-options.
21 Current Posltlon
On 15 July 2015, with the agreement of the Town Council and approval of Charitv
Commlssion, the Trust amended the Governing Document in several Key areas: _
Introducing a scheme of membership whereby residents mainly in the S024
area can join the Trust for a 'one off, payrnent of £5 and over 150 Members
have so far signed up.
b. Allowing the members to elect up to 5 Trustees every 4 years commencing at
AGM on 23 February 2017. As a result of Covid, the members next election
will be at the AGM 2026.
Details of all the three Memorandum of Amendments are set out on the Trust's website,
together with the covering letter from the Charlty Commission.
RECRUITMENT AND APPOINTMENT OF NEW TRIISTEES
The appointment of new Trustees is goverr)ed by and set out in the governing document.

NEW ALRESFORD TOWN TRUST
INDEPENDENT EXAMINER
Julie M Butler FCA
Butler & Co Audit Limited
Chartered Accountants and Registered Auditors
The Old Stable5
Sutton Manor Farm
Bishop's Sutton
Alresford
Hampshlre
S024 OAA
VOLUNTEERS
The Trust Is made up of members. The Trustees, from time to time, do call on support from
volunteers to assist in fund raising activitles. The funds raised, as detailed later in this report,
have all been achieved through the activities of the Trust's members and supporters plus
grants from local councils for specific projÈct5,
OBIECTS OF THE TRUST
The preservation of land. trees, buildings and documents In New Alresford and such other
charitable purposes for the general benefit of the inhabitants of the Parish of New Alresford.
The other charitable purposes currently are the restoratlon of the Eel House, the Arthur
Stowell History Fund, the Alresford Museum, Emergency Funding for deserving cases and the
Community Mlnibus.
PUBLIC BENEFIT STATEMENT
The Trustees are aware of and have had regard to the guidance issued by the Charity
Commission on public benef St and believe the activltles provide charitable support to the
general public. The focus on the local Community help5 foster community splrit and
togetherness.
GOVERNANCE CODE
The Trust intends to adopt, in 2025, the Governance code for smaller charities which follows
the seven prlnclples..
Or8anisational purpose
Leadership
Integrity
Decision making, risk and control
Board effectiveness
Equality, diversity and inclusion
Openness and accountability

NEW ALRESFORD TOWN TRUST
PRINCIPAL ACTIVITIES
The Trust's principal activities in New Alresford are:_
Operating a local Commvnity Minibus.
Runnin8 markets in Broad Street.
Ownership of the Old Fire Station.
Maintaining The Avenue and trees in Broad Street.
Administering the Arthur Stowell History Fund.
Operating a 99-year Lease on the Eel House and finalising its restoration.
setting up and operating the Alresford Museum.
Emergency Funding for deserving cases, including Covid.
TRUSTEES
Trustees served durlng the year as follows..
Trustees who left during 2024..
Penny Mcclelland
Co-opted Trustee appointed 910912020, resigned 1810812024
Robin Atkins
Co-opted Trustee appointed 1311012019, term ended 1411012024
Current Trustee5:
Current term
started
Type of Trustee
end of current term
Vanessa
Andrews
Roy Gentry
Ernie leffs
15 June 2022
Co-opted by Trustees
Isjune 2027
27 April 2022
15 August 2022
Members vote
Co-opted in place of
members vote
Co-opted In plzce of
members vote
Co-opted by Trustees
Co-opted by Trustees
Co-opted in place of
members vote
Co-opted by Trustees
Member5 Vote
AGM March 2026
AGM March 2026
Len Orton
10 March 2022
AGM March 2026
Steve Parker
22 May 2024
Clare Pinniger 23 February 2024
Sophie
16 July 2024
Rawlings
Nigel Webb
Vacant
22 May 2029
23 February 2029
AGM March 2026
22 January 2025
22 January2030
AGM March 2026
In addition, Nigel Webb was appointed a Trustee on 22 January 2025. Nigel will lead our local
f undraising and sponsorship programme.
During 2024 the Trustees carried out their principal activities by delegating responsibility as
follows..
Vanessa Andrews
Robin Atkins
Roy Gentry
Ernie Jeffs
Len Qrton
Chair, Markets and Ee1 House
Treasurer
Alresford Museum and Website
The Avenue
Market and Clock

NEW ALRESFORD TOWN TRUST
Claire Pinniger
Sophie Rawlings
Steve Parker
Minibu5 and Hardship Fund
Clerk and Bridge Open Days
Museum and Open Days
PATRON
We are delighted to welcome M ichael Spencer, the Right Honourable the Lord Spencer of
Alre5ford as our Patron.
SEPARATE ACCOUNTS
The Trust analyses between the following Designated Funds;
l. General Fund
2. Minibus Account
3. Arthur Stowell Hlstory Fund
4. Eel House
S. Alresford Museum
6. Emergency Fund for deserving cases includlng Covid relief
7. Sinking Fund for the Malntenance of The Avenue
Although the funds as allocated are not held In distinct accounts, they are dealt wlth in the
Trust as respectively Restricted and Unrestricted.
RISK MANAGEMENT
The major risks to which the Trust Is exposed, as identified by the Trustees, have been
reviewed and systems have been established to mitigate these risks. It Is recognised that
systems can only provide reasonable but not absolute assurance that major rlsks have been
adequately managed. In the opinion of the Trustees the key risks are:
The loss of reputation due to error, or fraud.
The loss of income due to error, or fraud.
Insufficient numbers of Trustees to allow the Trust to continue.
Insufficient funds to allow the Trust to meet its objectlves.
The loss of income due to unforeseen event5 such as pandemics
bl
dl
In the opinlon of the Trustees the policies and procedures are adequate to mitl8ate financlal
and reputation loss due to error or fraud whilst maintaining a vlable future financially. Internal
control risks are minimised by the Implementation of procedures for authorSsation of all
transaction5 and projects.
ANNUAL REPORT AND ACCOUNTS
The Trustees have prepared account5 to 31 December 2024. The Trustees have adopted the
provisions of Accounting and Reporting by Charities: Statement of Recommended Practice
applicable to charities preparing their accounts In accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland IFRS 102) (effective l January 20191.
The Trust is classified as a smaller charity and so the Financial Statement5 require only
independent examination.

NEW ALRESFORD TOWN TRUST
FiTiaJice and ReSe￿e
The Trust has adopted a policy of medium financial risk with the majority of its current assets,
reflected in the various funds, being invested on a short-term basis or with COIF Charity Funds
on a long-term basis, which currently give a better dividend return than cash invested Isee
Note 61. The Trust has no debt.
The Sinking Fund for the Avenue stands at £30.9K and wlll be built up to £SOK during the next
20 years.
The General Fund stands at £81.SK and is adequate to cover the future activities.
The Accounts reflect the unrealised gains shown by revaluations as at 31 December 2024 of
£360.7K as set out in Note 6.
The Financial Statements are set out on Pages 14-24.
The net income of the funds to 31 December 2024 are summarised as follows:
Funds
Gr055 Income
Expenditure
Net Income
General
Mlnibus
Arthur Stowell
Eel House
Alresford Museum
Hardship/Emergency
Slnklng Fund
19214
40434
59
1211
2534
96
S79
17150
14468
1395
250
1839
502
2064
25966
113361
961
695
14061
579
RF.SERVE FUNDS AND ACTIVITIES
The Trustee5 have reviewed their principal activitles and consider the monles needed to carry
out major projects to meet their objectives are adequate.
e Avenu
The land was conveyed to the Bailiffs and Burgesses in 1869 and then to the Trust on Its
incorporation in 1890. The Avenue represents the key feature to the western entrance of
the Town and contains some 114 Trees, which are subject to Preservation Orders. Although
the individual trees have long Ilves, they still need care and attention until they die.
The Trustees had set up a Sinking Fund for tree work needed to keep the continuance ofThe
Avenue. The Sinking Fund has been increased by £579 with a balance at 31 December 2024
of £30.9K.
A full Tree Survey took place in early 2024, and the resulting works programme is taking place
during January-march 2025.

NEW ALRESFORD TOWN TRUST
Museum
The Trust took over the defunct"Alresford and Distrlct Museum Trust" on 17 November 2011
with the object of continuing to acquire local artefacts and documents and the eventual
objective of finding suitable premises to exhibit and display the material in the Town Centre.
Since November 2011 the Trust has spent nearly £7K in acquiring artefacts and documents as
well as finding 400 items of archaeological interest In fields adjacent to Alresford. We will
keep expanding the number of artefacts and documents.
The Trustees and its tenant, Artworthy Framing, agreed a new 12-year Lease in respect of the
Old Fire Station from l January 2020, whereby the Trustees would occupy two rooms behind
the Red Doors, and the tenant would use the remaining half of the building.
During 2019 the Trustees have used its room as a museum for the old horse drawn Fire Englne
and artefacts. The cost of converting this room to a Museum Room was £13.8K. It was first
opened to the public on 15 September 2018.
The Trustees expanded the Museum area during 2020 into the second room, Further costs
of converting this area amounted to nearly £23K.
Eel Hous
The Eel House wa5 built in the 18205 by the then owners of Arlebury Park House and
continued in commercial use until the late 1970s re8ularly shippin8 live eels to London. It was
then abandoned for over 30 years and the site, and the building became very overgrown.
In 2006 two volunteers began to remove the ivy; a job they did not expect would be difficult
or expensive. As they cut the first thick stem5 there was a loud crack; the South-west corner
of the building had collapsed; al I that was holding It up were the remaining stands of ivy. Year5
of neglert had allowed the river to scour out the ground beneath the building, assisted by the
roots of a nearby Ash with the risk that it would crumble Into the river.
With much goodwill all round, the owner granted the Town Trust a 99-year lease on the
building at a peppercorn rent. This enabled us to search for charitable grant5 and tax efficient
donations for reconstruction and ensured the future of The Eel House.
Repairing the collapsed found3tlons and walls was the first prlority followed the restoratlon
of the external structure, rebuilding and repointing walls, replacing roof tiles, and installing
new railings. This work was completed early in 2008, and the first open day was In April of
that year.
The Eel traps have been restored and the essential work on the sluices ensures the Eel House
continues to fulfil one of its primary functions,. the flow of water in the river and its level
upstream previously undertaken using timber and plastic sheet. This was completed in 2021
at a cost of some £25K.
An Eel House booklet was launched on 18 April 2022 covering the History and Habitat, and
this is available at open days for a small donation.

NEW ALRESFORD TOWN TRUST
Open Days continued successfully in 2024. The Eel House was open on 6 occasion5, and
welcomed a total of 1350 visitors, despite some wet weather.
Communit Minibus
The Community Minibus Service expanded significantly in 2024, managed by Clare Pinniger
as Trustee, with volunteer managers Ken Coburn. Angela Lewis and Julie Jame5, plus the 30+
volunteer drivers.
The two minibuses completed over 9.000 miles, taking around 3,500 passengers on 260
roundtrips. This was 50% more than in 2023, with additional regular shopping trlps and also
lending the buses to other local non-profit organisatlons to support their activities.
Financial support has again been received from local btjsinesses and parish councils, which is
essentlal to minlmlsing the donations needed from passengers and ensuring the minibus is
accessible to all.
The Town Trust ha5 decided to replace the older mSnlbus, which has reached the end of Its
useful life. After a detailed assessment process, we have ordered a Mercedes Sprinter with
full accessibility conversion, similar to our existing Mercedes minibus, which should be
delivered by June 2025. The total cost of the new minibus will be £90K.
Whllst we can lust aboLJt cover this cost from our reserves, we are actively fundraising and
have been delighted to receive donations already including £20K from our new Patron Lord
Spencer of Alresford. Fundraising will continue through 2025.

NEW ALRESFORD TOWN TRUST
ACTIVITIES 2024
MINIBUSES
A new minibus was ordered in November 2024, at a cost of £90K. The Trust currently has two
Minibuses, having acquired the newest of the two in April 2017 for £58.4K (see Note Ilcll.
The old Minibus was restored in June 2017 and will be phased out when the new minibus
arrives in May 2025.
The Minibus fares are based on donations whlch are at suggested rates well below
commercial fares and consequently relles heavily on receipt of outside Grant5 (see Note 91,
Gift Aid and Interest allocation.
OPERATIONS
NOTE
Net Operational Receipts
ADD: Grants & Donations
Gift Aid
Interest allocatlon
16071
26460
1338
3047
30238
142721
25966
io
LESS: Depreclatlon for year
Surplus for the year
The Minibus Fund stands at £140.6K of which £30K is deemed to be permanent Capltal.
MARKET & FAIR TOLL
The weeklyThursday market in 2024 brought in £7.8K In tolls. The flrst three month5 of 2024
were tough due to very wet and cold weather, but the rest of the year progressed well, with
10-12 stalls most weeks, including a new regular Blke Servicing stall, a new Natural Pet Treats
stall, and continued support from our established and very popular Frult & Veg, Flowers,
Bread and Delicatessen stalls. The market provSdes good value for money and fills several
gaps in the town's retail offerlng.
EEL HOUSE
The Trustees are grateful to volunteers Jon Cr3nfield and Howard Boardman, who organise
the volunteers for the Open Days and provide great expertise in the local eco108y.
The signage and inforrnation inside the Eel House were revised and updated to be easier to
read. A local Bat expert Set up a listening device which was able to identify a total of 9 bat
species active around the Eel House, and that information has been turned into posters for
visitors.
Six Open Days welcomed 1,350 visitors and collected £783 in donations.
io

NEW ALRESFORD TOWN TRUST
The Rotary Club of Alresford again took on management of the July Open Day, providing the
volunteers for the day and sharing the donations received, and we are very grateful for their
SUPPOrt,
THE AVENUE
Financial support has been received as follows:
Sponsor5hlp
Friends Scheme
Other Income
Income for the year
2100
695
35
2830
Sponsorship was obtained from Hellards, Charters, C&D Trees and Richard Steel totalling
£2,100 in the year.
The Friends Scheme involved payments of £2S per household per annum. 21 households
renewed their contribution in 2024. The contributors are listed below..
Robin Atkins; Mr & Mrs M Clayton; Slmon Ricketts; Catherine Brill,. Charles Bazlinton,. Mrs
Jennifer Clelland,. Dave Stow,. Peter Bridge5; Mr Roger Lockyer,. Dorothy H3mllton,' Felicity
Dwyer; Gemma Allen,. Mr & Mrs G Hand,. Mrs. Hughes-onslow,. Mr & Mrs A. Canning,. Barry
Aked; Julia Slmmon5,' Robin Good: Godfrey Andrews; Vanessa Andrew5; Ernie Jeffs
MUSEUM
We had seven successful open days during 2024 wlth most visitors being delighted, and some
Surprised, at what they found In the Old Fire Station, The open day held on the same day as
the 'Garden5 Open in Broad Street, event saw a record number of 709 visitors Wlth a
corresponding increase in donations.
The collections continue to grow, particularly the soft toys but we did have some significant
other donations. We had two Alresford Craft dolls donated representin8 Queen Victoria and
Prince Albert to add to the Royals Collection. We continue to review old documents in our
possession and durln8 the year we uncovered the original documents transferring The Avenue
from the Bishop of Winchester to the Bailiff and Burge55es of the town, In addition, three A E
Wade drawings appeared signed by the Artist. One each of the Medieval Bridge, the Fulling
Mill and the Community Centre. These will be on view at the Trust's AGM.
We
have
refreshed
the
Heritage
Photo
Gallery
on
the
Museum
website,. htt
www.alresford.or
museum
AlresfordO/o20Museum
index.html and
added many additional photographs mainly from the second half of the twentieth century.
We have also started scanning heritage documents and we now have an embryo document
gallery which will continue to grow during the course of this year. We a re very concerned that
whilst in this digital age many more photos are taken far more are lost than wa5 the case
when prints were made. These often re-surfaced many years later and could be retrieved and
saved whereas their digital counterpart5 are lost. We are, therefore, doing our best to acquire
li

NEW ALRESFORD TOWN TRUST
modern day images, particularly of events in the town, that can be archived for posterity. If
you can help, please email ro
ent
alresford.or
We continue to seek volunteers to assist us with more opening days but what we would really
like is somebody to coordinate the recruitment and management of volunteers as the existing
group is well occupied with administration, particularly of collection records, and ongoing
maintenance of the building and exhibits,
CLOCK ON THE SWAN
The Clock was ref urbished in 2022 and will have some further maintenance In 5prlng 2025.
EMERGENCY FUND FOR DESERVING CASES INCLUDING COVID.
The Trust made 3 payment to I case, totalling £502. This leaves a closing balance of £3.5K.
HISTORICAL DOCUMENTS
The Trust flles all its Important documents In the Hampshire Record Office and an up-to-date
Ilst were last produced in Spring 2011. The Trust ha5 agreed with the Record Off ice not to
file documents until at least a period of 5 years has elapsed.
WEBSITE
www.towntrust.or
The website was launched in early 2009 and later extended to cover the hlstory of the Trust
and all its current activities, It also has a section to cover Press Releases and news updates.
PRESS RELEASES & PUBLICITY
The Trust advert15e5 important events and activities by the webslte, press releases and
reports, and via a regular column In the Itchen Valley Forum, and our own Facebook page.
BREACHES OF RIGHT OF WAY OVER THE AVENUE
The Town Council INATCI was notified of these breaches In 2021. The Trust obtained
Designated Advisor Report and valuation, under Charity Act Section 119, as required,
Meeting5 between the valuers of both partle5 took place durlng 2023. Whllst an agreement
In principle was achieved between the Town Trust and the Town Council in early 2024, the
Town Council has subsequently failed to action the agreement. The Town Trust continues to
press the Town Council ta make progress to finali5e thi5 matter.
ACKNOWLEDGMENT OF GRATITUDE
The Trustees would like to thank..
All volunteer drlvers who gave their time in drivlng and organising trips for the M inibus, and
especially Ken Coburn, Angela Lewis and Julie James who form the management committee.
All volunteers who gave their time on Open Days at the Eel House, Medieval Bridge and
Museum.
Caroline Perry for allowing the public to view the Medieval Bridge from her garden, and who
has donated the proceeds to the Eel House.
12

NEW ALRESFORD TOWN TRUST
Nick Denbow for his help with the Alresford Museum together with Rich and Ann Pay.
Donors, Grantees and others who gave monies to the Trust and are listed in Notes 9 and 11
to the Accounts.
Peter Bridges who maintains and cuts the grass on The Avenue and also looks after the trees
on The Avenue and Broad Street.
V Andrews (Chair}
28 February 2025
13

NEW ALRESFORD TOWN TRUST
BALANCE SHEET AS AT 31 DECEMBER 2024
Notes
31 December 2024
31 December 2023
FIXED ASSETS
Clock
Old Minibus
New Minibus
Minibus Garage
Fixtures & Fittings
Investments- Propertv
Heritage Assets
Total Flxed Assets
CURRENT ASSETS
Cash at Bank
Short Term Accounts
COIF Charlty Fund
Deposlt on new Minlbus
Stock
3c
Debtors & Prepayments 3b
Total Current Assets
LESS CURRENT
Credltors and accruals
Net Curreht Assets
la&lf
Ib
2437
7SO
25200
2977
803
250000
116301
3037
7SO
28800
3649
852
250000
116301
Id
If
398468
403389
4798
91330
148119
8878
300
4201
257626
10340
61225
144846
300
3331
220042
1917
1050
255709
218992
NET ASSETS
Represented by:
UnrestrScted
General
Revaluation Reserves
654177
622381
81559
360722
79495
3S7449
442281
436944
Restrfcted
Minibus
Eel House
Arthur Stowell
Alresford Museum
Emergencylcovid
Sinking Fund/Avenue
140550
6489
2135
28362
3497
30863
114584
5528
3471
27667
3903
30284
211896
185437
654177
622381
R K Gentry
V Andrews Ichairl 28 February 2025
14

NEW ALRESFORD TOWN TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR ENDED 31 DECEMBER 2024
Notes
GENERAL FUND
Income
Rent from Old Fire Station
Market Tolls
Fair Tolls
Interest & Dividends
Membership & Donations
Avenue income
2654
7786
3515
2409
20
2830
li
19214
LESS: Expendlture
Secretarial Costs & Expense5
Malntenance-The Avenue
Advertisin8/Publicity
Old Fire Station/Broad Street
Insurance
Book-keeping
Sundry Expenses
Depreciation on Clock
14681
1126121
16121
14671
115581
15001
13331
16001
If
1171SOI
General Fund Net Income
2064
ARTHUR STOWELL FUND
Income
Interest & Dividends
LE55: Expendlture
Support to Sun Hill School
Arthur Stowell Net Income
59
59
113951 113951
113361
EEL HOUSE FUND
Income
Open Days
Gift Aid
Interest & Dlvldends
783
251
177
io
1211
LESS: Expenditure
Insurance/Expenses
12501
{2501
Eel House Net Income
961
15

NEW ALRESFORD TOWN TRUST
Notes
MINIBUS FUND
Income
Donations & Fares
Operating Grant & Collectlons
Interest & Dividends
Gift Aid
9589
26460
3047
1338
io
40434
LESS: Expendlture
Operating Expenses
Depreciation
1101961
142721
le
1144681
Mlnlbus Net Income
25966
ALRESFORD MUSEUM FUND
Income
Open days
sponsorship
Gift Aid
Interest & Dividends
1062
500
202
770
9b
io
2534
LESS: Expendlture
Expenses
118391
118391
Museum Net Income
695
SINKING FUND
Income
Interest & Dlvidends
Slnklng Fund Net Income
579
579
579
HARDSHIPIEMERGENCY FUND
Income
Interest & Dividends
LESS: Expendlture
Paid out to support cases
Hardshlp Fund Net Income
96
96
15021
15021
14061
TOTAL NEf INCOME ON ALL TRUST AcfiviTIES IN 2024
28523
16

NEW ALRESFORD TOWN TRUST
NOTES TO THE ACCOUNT5
BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements of the Trust. which is a public benefit entity under FRS 102, have
been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by
Ch3rities'. Statement of Recommended Practice applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021 leffective l January 20191,, Financial Reporting Standard 102
'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the
Charities Act 2011. The financial statements have been prepared under the historical cost
convention.
The accounts are prepared in sterling which is the funttlonal currency of the Trust and
rounded to the nearest £1
Golng concern basks
The Trustees consider that there are no material uncertainties about the Trust's abllity to
continue as a going concern. The Trustees have given consideration to the Trust's long-term
future and considered what risks (see the Trustees, Reportl could result in a situation where
going concern basis was not appropriate. They believe that safeguards are sufficient to
ensure that both In the short and medium term the assets and reputatlon of the Trust are
suff iciently safeguarded to ensure that the Trust Is a viable going concern,
Crltical accountlng ludgenjents and key soiirces of ostimatlon uiicertaliity
Estimates and judgements are continually evaluated and are based on historical experience
and other factors, includin8 expectations of future events that are believed to be reasonable
under the circumstances,
Key acLoiintlnR estfiniates
The Trust makes estimates and assumptions concerning the future. The resulting accountin8
estimation wlll be unlikely to equal the related actual result. The Trust has not identified anv
estlmates and assumptions that have a significant risk of causing a materlal adjustment to the
carrylng amounts of assets and liabSllties wlthin the next financial year.
Stock
Stocks are valued at the lower of cost and net realisable value, after makln8 due allowance
for obsolete and slow-movlng Items.
Incon)e
All incomlng resources are included in the Statement of Financial Activities under FRS102
when that receipt is probable, and the amount can be quantified with reasonable accuracy.
Should any legacies be received, entitlement will be the earlier of the Trust being notified of
an impending distribution or the legacy bein8 received.
Gifts in kind, including donated professional services are recognised as income when the Trust
has control over them, any conditions associated with the donated item have been met, the
receipt of economic benefit from the use of by the Trust if the item is probable and that
economic benefit can be measured reliably. In accordance with the Charities SORP IFR51021,
17

NEW ALRESFORD TOWN TRUST
the general volunteered time is not recognised. On receipt. donated professional services are
recognised on the basis of the value of the gift to the Trust which is the amount the Trust
would have been willing to pay to obtain that Service on the open market.
Gift5 in kind donated for distribution would be included at fair value upon recelpt under
FRS102 Subject to the cost of recognition outweighing the benefit provided to the Trust. Any
donated facilities would be included at the value to the Trust where this could be quantified,
and a third party is bearing the cost. No amounts are included In the flnaneial statements for
services donated by volunteers.
Expei)ditui'e
Liabilities are recognised as expenditure as 500n as there is a legal or constructive obligation
committing the Trust to that expenditure, it is probable that a transfer of economic benefits
will be required in settlement and the amount of the obligation can be measured reliably.
Expenditure is accounted for on an accruals basis and has been classified under headings that
388regate all cost related to the category. Where costs cannot be directly attributed to
particular headings, they have been allocated to activities on a basis consistent with the use
of resources.
Tanglble flxed assets
Depreciation is provided at the following annual rates in order to write off each asset over its
estimated useful life,
Clock - IO% straight line
Old minibus - 25% reducing balance basis
New minibus- 12.5% reducing balanee ba515
Garage extenslon - 20 years straight line
Fixture & fittings- 25% reducing balance ba51S
Governlnent grants
Government grants in relatlon to tangible fixed asset are credited to the proflt and loss
account over the useful Ilves of the related assets, whereas those in relation to expenditure
are credited when the expenditure is charged to the Statement of Flnancial Activlty.
Herltage assets
Herltage as5et5 are recogni5ed at their fair value if it can be determined reliably and at a cost
ommensurate with the benefit obtained.
Fuiid accountliig
Unrestricted funds can be used in accordance with the charitable objectives at the discretion
of the Trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the
Trust. Restrictions arise when specified by the donor or when funds are ralsed for particular
restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the
financial statements
18

NEW ALRESFORD TOWN TRUST
Governance costs
Governance costs comprise all costs involving the public accountability of the Trust and its
compliance with regulations and good practice. These costs include costs related to the
independent examination, legal fees and apportionment of overheads.
11 FIXED ASSETS
al CLOCK
The clock was purchased and refurbished in 2014 at a cost of £2,911. A further
refurbishment took place in 2022 at a cost of £3,030, making a total cost of £5,941.
Depreciation for 2024 increased to £600 per annum.
See Ilfl below.
bl OLD MINIBUS
Cost Including ref urblshment
LESS.. Depreclatlon to date 1183 months)
59844
1590941
Net Book Value at 3111212024
750
Depreciation in 2024 was nll
cl NEW MINIBUS
Cost in Aprll 2017
58454
LESS., Depreciatlon to date192 months)
133254}
Net Book Value at 3111212024
252Crf)
Depreclation in 2024 was £3,600
dl GARAGE EXTENSION
Cost In June 2009 including refurblshment
11883
LESS: Depreciation to date1193 months)
189061
Net Book Value at 31/12/2024
2977
Depreciation in 2024 was £672
The garage extension is being depreciated over 20 years.
19

NEW ALRESFORD TOWN TRUST
el Depreciation charge for the year
Old Minibus
New Minibus
Garage extension
3600
672
4272
fl FIXTURES/FirriNGS & CLOCK
Net Book Value
Depreciation in Year
Clock
Fixture Board Isee111 below)
Fair signs
Barrlers Isee121 below)
2437
235
117
451
3240
600
600
NOTE,,
11 The fixture board cost £623 in 2017 less £388 In donatlons have been received
over years 2017-2023 from Robin Atkins.
21 Barriers. £100 fees received from Brocante markets have reduced net book
value
21 OLD FIRE STATION
Gordon Thoday, MNAEA, Director of Hellards valued the buildings at 54 Broad Street for
the purposes ofthe accounts at £250,000 on 13 September 2022, The revaluatlon reserve
on this valuation is £213,302 INote 61
al SHORT TERM ACCOUNT
COIF Charitles Deposit Fund
Instant Access
Barclays Savlngs
71328
20002
91330
bl DEBTORS & PREPAYMENTS
Oebtors
Prepayments
4201
4201
CI STOCK
Minibus booklets
Bench parts
50
250
300
20

NEW ALRESFORD TOWN TRUST
41 COIF CHARITY FUNDS
The Trust holds 7298 Income Units for the long term with a market value at 31 December
2024 of £148,119.
The increase in value of £3,273 in the year has been credited to Revaluation Reserves,
making the total unreali5ed gain of £31,119. (see Note 61
51 HERITAGE ASSETS
al The Trust owns the rights to all income from the use (mainly Markets and Fairs) in
Broad Street. The Trustee5 believe that this is an asset, whose value should be based
on 10 tlmes income. The income from these rights in 2008 totalled £11,673,. there
was some small costs involved in producing this income,
The Income for 2024 was £11,301 and the Trustees have decided not to change the
value in the 2024 accounts.
The Trustee5 value this heritage asset at £116,300.
bl The Trustee5 also own other herlta8e assets, whlch currently do not produce income
namely:_
The ownership, Including the rlghts of way, of The Avenue to Drove Lane
99-year Lease on the Eel House.
Ancient documents, Artefacts and Maces.
Museum artefacts, fixtures and fitting5.
The Trustees have valued these herltage assets at £1.
61 CAPITAL AND REVALUATION RESERVE
The Reserve at 31 December 2024 is made up as follows: .
Note
Property
COIF
Heritage Assets
213302
31119
116301
360722
5a&b
21

NEW ALRESFORD TOWN TRUST
71 INTEREST AND DIVIDENDS
Total interest and dividends receivable during the year was £7,137. This has been
split/allocated on the basi5 of the average amounts held for each activity.
General Fund
Arthur Stowell Fund
Minibus Fund
Eel House
Alresford Museum
Slnking Fund
Hardshlp Fund
2409
59
3047
177
770
579
96
7137
81 STATEMENT OF SEPARATE FUNDS FOR YEAR
General
Eel
Fund
House
Mlnibus
Fund
Museum
Fund
Em'gcy Sinking
Fund
Fund
Fund
Total
Opening
Balance
79495
5528
3471
114584
27667
3903
30284 264932
Income
19214
Expenditure 17150
Net
2064
Closlng
balance
1211
250
961
59
1395
113361
40434
14468
25966
2534
1839
695
96
502
1406}
579
64127
35604
28523
579
81559 6489
2135 140550
28362
3497
30863
293455
al OPERATING GRANTS MINIBUS
COUNCILS141
Wlnchester City Councll
Hampshire County Council
Ropley Parlsh Council
Bighton Parish Council
3000
2750
200
60
6010
ORGANISATIONS & INDIVIDUALS131
IPGL Ltd
Richard Steel & Partners
Sainsburys PIC
20000
250
200
20450
26460
22

NEW ALRESFORD TOWN TRUST
bl MUSEUM SPONSORSHIP
Hellards Estate Agents
soo
500
26960
101 GIFT AID
Minibus Fund
Eel House Fund
Friends of The Avenue
Museum Fund
1338
251
233
202
2024
IIIAVENUE INCOME
Friends of The Avenue lincludes Glft Ald}
Sponsorship Hellards Estate Agents
Sponsorshlp Charters Estate Agents
Sponsorship C&D Trees
Sponsorship Richard Steel
Lease Payment
695
500
500
600
500
35
2830
23

NEW ALRESFORD TOWN TRUST
RLSPONSIBILJTIES OF THE TRUSTEES
31 DECEMBER 2024
The Trust requires the Treasurer to prepare financial statements for each financial year which
give a true and fair view of the state of affairs of the Trust and of the surplu5 of the Trust for
that period. In preparing those financial statements, the Treasurer on behalf of the Trust
has..
Selected suitable account policies and applled them consistently
Made judgments and estimates that are reasonable and prudent.
Followed appllcable accounting standards,
Prepared financial statements on a going concern basis.
The Treasurer and Trustees are responsible for keeping proper accountin8 records whlch
disclose with reasonable accuracy at any time the flnancial position of the Trust, the Trustees
are also responsible for safeguarding the assets of the Trust, and hence for taking reasonable
steps for the prevention and detection of fraud and other irregularities.
24

NEW ALRESFORD TOWN TRUST
Independent Examlner's Report to the Trustees of
The New Alresford Town Trust
I report to the charity Trustees on my examination of the accounts of The New Alresford
Town Trust I'the charity'l for the year ended 31 December 2024.
ResponslbllStles and basls of report
As Trustees of the charity you are responsible for the preparation of the accounts in
accordance with the requirements of the Charities Act 20111'the Act'l.
I report in respect of my examination of the charity's accounts carried out under section
145 of the Art. In carrying out my examination I have followed all applicable Directions
given by the Charity Commission under section 14515llb} of the 2011 Act.
Independent examlner's statement
I have completed my examination. I confirm that no material matters have come to my
attention in connection with the examination which gives me cause to believe that In, anv
material respect:
accounting records were not kept In respect of the charlty as required by section 130 of
the Charities Act; or
the accounts dld not accord with those records; or
the accounts did 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, vlew which is not a
matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connectSon with the
examination to which attention should be drawn In this report in order to enable a proper
understanding of the accounts to be reached.
Julie M Butler FCA
Butler & Co Audit Limited
Chartered Accountant5 and Registered Auditors
The Old Stables
Sutton Manor Farm
Bishop's Sutton
Alresford
Hampshire
S024 OAA
25