2024-12-31-accounts - Consolidated Charities

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Bradfield Consolidated Charities

Trustees report y/e 31/12/2024

The Almshouses consist of four cottages in Mariners Lane constructed in 1810 set up under Charitable status to assist with the provision of housing for qualifying local people.

The accounts for the year ended 2024 show a positive cashflow of £8k.

Surplus funds are being used to re-establish a prudent cash balance having depleted funds in the last five years, after refurbishing of three of the four properties costing £180,000.

This essential investment has been financed in part through our reserves and by loans kindly granted by the Almshouse Association, that are interest free and repayable over 10 years.

A big thank you to those who have supported us through the projects, and particularly to the Bradfield Parish Council for their recent kind donation of £200.

It remains our policy to manage income, expenditure and retained funds so that the houses are kept in good order in perpetuity to ensure the wellbeing of the occupants. All properties remain fully occupied with five happy and warm residents.

Bradfield Parochial Charities Accounts to 31/12/24

Rent Investment Income Other Income Interest received Total Income Heating Oil Repairs & Maintenance Renovation no1 Renovation no3 (full settlement) Renovation no4 Garden Maintenance Water Rates Electricity Insurance Subscriptions Council Tax Other Total Expenses Operating Surplus / (Deficit) Realised gain/(loss)on investments Unrealised gain/(loss)on investments Total Surplus /(Deficit) Assets and Liabilities Investments NAACIF - Share Income NAACIF - Share Accumulation Cash Held Current Account Instant Account BIA2 Almshouse Loan Net Assets*	Actual Budget Last Year 2024 2024 2023 24,545 24,466 18,871 42 - 40 800 500 1,414 0 - 116 25,387 24,966 20,440 2,974 4,000 3,996 1,674 1,500 750 0 82,653 0 858 1,400 1,363 1,495 1,400 1,322 545 600 509 1,355 1,700 3,039 275 300 420 0 - (612) 0 2,000 2,366 9,175 12,900 95,805 16,212 12,066 (75,365) 78 49 16,290 12,066 (75,316) At 31/12/24 At 31/12/23 973 941 620 574 1,593 1,516 14,882 6,545 0 0 14 14 14,897 6,560 (67,725) (75,600) (51,235) (67,525)	B/(W) B/(W) Budget 2023 79 5,674 5% inc from May 24 42 3 300 (614) DHL 500, Howdens 200, parish council 100 0 (115) 422 4,948 1,026 1,021 Bill paid Dec 23 (174) (924) 0 0 0 82,653 0 0 543 505 (95) (172) 55 (36) 345 1,684 25 145 0 (612) 2,000 2,366 3,725 86,630 4,146 91,577 78 (28) 4,224 91,549 32 46 78 8,337 0 0 8,337 7,875 16,290

*Assumes BPMS settled in full at £21,585.89 (no interest or fees)

AA loan is £7,876 pa

Underlying Surplus / (Deficit) Renovation no1 Renovation no3 (full settlement) Renovation no4 Operating Surplus / (Deficit)	16,212 12,066 7,288 0 0 0 0 0 (82,653) 0 0 0 16,212 12,066 (75,365)

Bradfield Parochial Charities

(240445)

Report to the Trustees of accounts for the year ended 31st December 2024 as set out on page 2

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

The Trustees, are responsible for the preparation of the accounts. The Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the Act) and that an independent examination is needed.

Iit is my responsibility to:

examine the financial statements under section 145 of the Act;
follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Act; and
state whether particular matters have come to my attention.

BASIS OF INDEPENDENT EXAMINER’S REPORT

My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

INDEPENDENT EXAMINER’S STATEMENT

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements:
to keep accounting records in accordance with section 130 of the Charities Act; and
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

David Marett FCA CTA Maretts Limited Rushall,Bishops Road Tutts Clump RG7 6JZ

Date: 21 October 2025