ChaThty number.- 0024101B ALICE GOUGH MEMORIAL HOMES TRU UNAUDITED ACCOUNTS FOR THE YEAR ENDED 0510412024 Prepared By: Martin & Fahy Accounlants LLP 7 Miltyanke Court Milbankè Way Bracknell Berkshire RG121P
ALICE GOUGH MEMORIAL HOMES TFIUST FINANCIAL STATEMeNTS FOR THE YEAR ENDED 0510412024 TRUSTEES A Beardmoro B W Crooks P A Thompson N Folley P Stacey REGISTERED OFHCE Growihome Roacl 8racknell Berkshire RG127DR CHARITY NUMBER 00241018 BANKERS Ltoyds Bank P ACCOUNTANTS Martin & Fahy Accountants LLP 7 Milbanke Court Milbanke Way Sracknéii BaShIre RG12 IBP page I
ALICE GOUGH MEMORIAL HOMES TRUST ACCOUNTS FOR THE YEAR ENDED 0510412024 CONTENTS Paye Report of the Tw51ees Independent EKaminerfs Slat8m8nt Stat8m8rit ol Financial Actwitles alan¢e Shget Noles to th8 Accounts 8fo10 Dets418d Statèmènt ol Financlal hctlvit*s 11 10 12 paga 2
ALICE GOUQH MEMORTAL HOMES TRUST FOR THE YEAR ENDED 05104f4024 TRUSTEES, REPORT Th8 tru5188s pr858llt their T8port and accounts for the yaar wdèd 0510412024 cONsTITlON OBJECTIVE5 AND POUCIES The Charitable fwst is constituted by a trust deed dated 2nd Febfuary 1965, and [1$ obje¢ts are lo provide IIDusing for elderfy people in Bracknell. In ordèr to do this, the Irust owns a property and manages Ibis. The pollcy ot Ihè Charitable Tri is lo conllnue to Improve the homes and malntain Ihe5e to a hlgh srandard. INVESTMENT POWERS The ttU51 deed auihoiises Ihe truslees lo nke and hold investments uslng the general hjnds of the chartty. DEVELOPMENf ACnVITIES AND ACHIEVEMENTS DL¢ring Ihe year Ihe Trustees h8ve contintjed to manage the assets af thè tharity to appty lh8 Incorne to the matiilenance ol the Al8 Gough Mèmorlal Homes. The resuk for Ihe yearwas a surplus of £ 33,179 Compared wllh a deficit of £ 7,072 for the prevlou5 year. Thls reflects the retvm In the current year lo a more n0rn7al level of expèndilur8 wllh incDm8 frorn inveslrnenl Incrèasing agaln. Thè port was ppared In accordance with th8 spÈeial provis Withirt Part 15 ol Ihè Compani•$ Act 21J)6. Thls report was approved by th8 Board of Trustègs on Trustee Tru8te8 P8ge 3
ALICE GOUGH MEMORIAL HOMES TRUST INDEPENDENT EXAMINER'S STATEMENT FOR THe YEAR ENDEO 0510xV2024 INDEPENDENT EXAMINERE FtEPOAT TO THE TRUSTEES OF ALICE GOUGH MEMORIAL HOMES TRUST I report on thè accounts ol the Company forlheyear ended OSILW2024 . RESPECTrVE RESPONSIBILITIES OFTRUSTEES AND EXAMINER The Iruslee5 (who aro also Ihe directors ot the Cornpany fo¥ lh& purp0585 of company lawl are rèsponsible lor lh8 pr8P8ralson ol lh8 accounts. The Ilustees considerthai audit Is not requlred for this year under $econ 144121 ol the Charitie5 Act 2011 (the 2011 Aeii and that an Independent ex8rn1natlon is ne&aed. The charily's gross in¢ome dlcf not e¥¢eed £250,1)OD and l am qual¢fleO 10 undertake Ihe examination by belng a walilied Member of AAT. Having sallsfigd myself Ihat th8 chatity is nol subject to an audil under company law and Is ellgible for independent examinat'on, il is Thy SponsIbility lo.. - examine the accounts undÈr sactlon 145 of the 2011 A¢l' lollow the procedures laid down in the gengral Oirections gNen by the Charfty CofflTnission under section 14515llbl of Ihe 2011 Act; and state wh$ihèr partlcular mailers hav9 Come lo Thy alntion_ BASIS OF INDEPENDENT EXAMINERS STATEMENT My examlnation was carried out in accor(Oance with general Diredions glv8n by the Chatity Comm%s&on. An examlnatkJn includes a revièw ol ihe accounilng records k8pI by the eharlty and a mparIs¢n of the acrounts presgnted with those T8cords. l¥ also includes consideratlon of any unusual items or di5closure8 in the accounts, znd seeking explanations frtsrn you as trust?9$ ¢oneomlng any such matters. Thè procedures undertaken do not provide all the evidence that would be requlred in an audit. and consequgntly no opinlon Is glven as to whethgr the accounls presenl a 'lrue and faiy vièw and report is limited lo those matters sst out In the statement bEIow. INDEPENDENT EXAIAINERS STATEMENT In connect4on wllh my exarrkination, no mattel has corn8 10 my attention-. 111 wvhich gives me rèasonable cause lo believe Ihat in any materi81 respect the faquirtsmenls-. - to keep aeeounting COrdS in accordanc• wlth section 388 ol ihe Companles Act 2006., and - 19 pi8paie accounls which aceord wilh the awounling records. comply with IN& a¢¢ounling r&quiremènts ol sectlon 396 of the Compani&s Act 2006 and with the rn8thod8 prlnclples of the siaiameni of Recommended Piacllc8.- Accounting and Aèportifto by Chathles have not been met.. or 12> lo whih. thi my op1n1, otlention should be drawn in order to enabfè a propar 4JndetsianOing of the a¢counts to be r8ached page 4
ALICE GOUGH MEMORIAL HOMES TRUST INDEPENDENT EXAhllNER'S STATEMENT Dale: 23-///2r Martln & Fahy Accountants LLP 7 Mllbanke Covrt Mllbanke Way Brackn811 Berkshirè RG12 1FIP page 5
ALICE GOUQH MEMORIAL HOMES TRUST St8tement ot Flnanclal Actlvltles lor the year ended 0510412024 2024 2023 Unrèstrkc Restrl¢te te(1 funds d ILtnds Total Total In¢ome IrTCOFne Irom generated funds Donations and tegace5 Income from Investments Tot81 Incoma and endowments 20.580 116.921 137501 2(1.580 116.921 103,460 137,501 103.460 Expense$ Costs of generaling funds Expenditure on Ralstd funds Expenditure on Charltsble a¢tlvllies Totsl Expenses Net gains on InvBStments Net Income 14,765 90,157 104,322 14,207 go,?s7 96,32S 104,322 110,532 32,179 33.179 17.0721 GaInoSSes) on revaluation of fixed assests Net movement in lunds- Net incom# lor the year Total funds brought forward Net funds carrled forward 125,951 125.951 199,2661 159,130 159,130 1106,4381 3,412,987 3,412,987 3.519,425 3.572.117 3.572.117 3,412.987 This 8tatem6nt ol finan¢lal a¢ttvilles in¢lude$ 811 gains and losses rectyJnll In the ye8r. All income and expendlture derive from ¢onb"nuing atttiviti$S page 6
ALICE GOUGH MEMORIAL HOMES TRUST BALANCE SHEET AT 0510412024 2024 2023 Notès FIXET) ASSETS Tanglble as8ets Investments 225.303 2.985,645 223,303 2,8fj8.Q45 3,208,948 3,091.348 CURRENT ASSET5 Debtors lamounls falling due wilhin on8 y8afl Ca8h at bank atyj in han(J 1508 387.334 369,842 26,673 1,899 342,220 344,119 22,480 CREDITORS: Amount8 fèlling duè wlthln one year NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABIUTIES 383.169 3,572,117 321,639 3.412,997 CAPITAL AND RESERVES Unrestricted fvnd8 General fun(1 Dèslgnatod lunds 2.841.790 930,327 3.572,117 2,515,839 897,148 3,412,987 Olfference on ac¢ounts Forthe year ending 0510412024 the c(*npany was enlttled lo exemption undér se¢tion 477 of tha Companiès Act 2006 T•latinu to small companles. The members hav8 nol rpquired the ¢ompany lo obtain an audit In accordance with sèction 476 of the Companies Aci 2006. The dir2clors acknowledge Ih&lr respon8ibilitie$ for complying with Ihe reqvlremenls ol thg Act wlth respect lo accounting records and the prepar81ion of aco)unl5. Thes? accounts have en weparefl In accordance with thè prOSlon$ applleable to ¢¢ynpanie5 sublect lo the small ¢ompaobs regiffle. Approved by the board of trustèès on and slgned tholf behalf by Trustee paoè 7
AUCE GOUGH MEMof41AL HOMES TRUST 1. ACCOUNTING POLICIES la. Basls 01 Accountlny Th8 accounts have been prepared under Ihe hislorlcal cost convention. The a¢eounts have been prepared In accordance with FRS102- Fin8ncial Reporting Slanaard applsGabla in th¥ UK and Republic ol Ireland and Ihe Cotnpanws Act 2006 and lh8 requiretnents ol the ststennI ol BecommEndèd Practtce, Accounllng and Reportlng by ChaFilie5. 1b. Incomlng Rèsources All incoming resources are in¢ludeiJ on the Slalement ol Financial Aclivllies when the chaTity ks legally lo Ihe Income and the amount can be quantitied wlth reascnable accuracy. le. Re50urce5 Expendpd Expgnditure is accounted for an accruals basis and has Ixen dassttled under heading5 thataggregate 811 cost related to ihe category. Wh¢r6 eosts cannot b? dliectly attrSbuied to pacula1 headings thoy have ba&n allocated to actfvities on a basis conslsteni wllh use of resources. 1d. Allocation And Appjrtionment Of Costs All Costs reLgt6 to tho singlè advlty of thè charitable company and are 16cognlsgd ac¢ordingty. le. Fund Ae¢ountlng Unresldcted lynds on be used in aecordancè with charitable objeetwes ai the discretion of trust£es. Resirfctecl lunds can only be us8d for particular restricted purposes wilhin obiects of th8 charity. Restrldons ase when sp8cilièd by thè donor or wh8n funds ar& raiseil lof particular reslri¢led purposes. Designated fund8 are lunds set aslde by the trustees out otr unrestrlcled general luntts for the speclfic lutU*e k)urposes or project5. 11. Depreciation Depreciation has been provlded at the following tate$ in ordaT10 wrila off tho assets ovèrth$ir Éslimaièd uselui livès. lg. Inve5tmonts Flx•d asset investments 9re shDWTr At cost less amounts wrlllen oll. PvisIOnS are made for pem8n8nt fluctuations in value. page 8
ALICE GOIJGH MEMORIAL HOMES TRUST Z TANGIBLE FiXED ASSErs Land And Bulldlngs Total Cost At 06104n2023 At 051(1412024 DepreolAtio At 0510412024 Net Book Amount5 At 05m4r2024 At 0510412023 223.303 223,303 223.303 223,3D3 223.303 223,303 223,303 223,303 3. FINANCIAL ASSETS Llsted Investments Totsi Cost At 06104023 AOn$ 2.E68,045 431,r22 1440,0731 125,951 2,985.645 2,868.045 431,722 1440,0731 125.951 2,985.645 Disposals Revalualion At 0510412024 AmortISI0n Net Book Amounts At Q5n)412024 At OS104r2023 2,985,645 2.868,045 2,985,645 2.868.045 DEBTORS 2024 2023 Amounts falling due within one year.. Trddg debto 104 2,404 2,508 othèr debtors 1,899 1,899 page g
ALICE GOUGH MEMORIAL HOMES TRUST S. CREDITORS: AMOUNTS FALLING OUE WITHIN ONE YEAR 2024 2023 TFade credit¢TS Other ciedltors 18,148 8,525 26,673 22,475 22,475 6. UNRESTRICTeD FUNDS Brought In¢omln9 lorward resour¢e Transfors Carried forward General lund 2,515,839 125.951 897,148 33,179 3,412,987 159,130 -1841,790 930.327 -3.572.117 In¢orne aeoount page 10
AUCE GOUGH MEMORIAL HOMES TRUST Incoming Re$our¢es lor the y•ar 8nded 0510412024 2024 2023 Incoming resources Ineoming r850urce£ from generated funds Residelrts rnainf8n8n¢e conlrlbutlon 20,58D 20,580 20.580 Dividends and Interest Di¥ldend5 and Int8rest 113,821 3,600 101.n6 1.664 Sank Interest 116.921 103.460 116,¥21 137,501 103,460 103,460 P8ge11
ALICE GOUGH MEMORIAL HOMES TRUST Expenses lor the year ended 0510412024 2024 2023 Exp•n8e8 Costs of generating fund8 Investment Management Costs Inves1rn8nt management charges 14,165 14.16S 14,207 14,207 14,165 14,207 Chafttable Actlvlties Administration expenses Accountants rerJun8ration Training Professional fees Bank chargos Sundry eypenses 24 4.319 930 1,142 152 I,7 20 3,444 60 148 4,818 309 7,637 GoverFtance Costs Coun¢ll tax Water rat85 21,818 1.310 14,717 2,658 1,995 41,087 1,756 85,339 13,699 2,692 25,Q88 2,345 2,176 40,888 1.800 88,688 Electricityand gas InsranCe Garden èxpenses Rèpairs Call uut SerVe 104,322 110,532 pag8 72