Registered Charity Number- 241730 POOR'S ALLOTMEKr Known Localty as . WATUNGTON SUPPORT FUND REPORT AND ACCOUNTS YEAR ENDED 31 DECEMBER 2024 CONTENTS Charity InfoThation Truslees. Rewrt Independent Examinerfs Report Staternent of Financial Actiwties Staternent of Assets and LiabIl￿eS Notes to Ihe Ac¢ounts 7-10 Ridgefield Consulting Chartered Accountants 10 Station Road Henley on Thames Oxtordshire RG9 1AY Page 1 POOR'S ALLOTMENT CHARrrY INFORMATION Mr. D.J. Tindale (rreasurer) Ms. N. A. Stafford (Chairperson) Ms. M. Barton Ms. D. Hobbs Ms. R. Walm￿eY Ms. D. J. Young Ms. J Hockir¥J Mr. A Aheme Rev. V Keamey Mr. T. Didcock (Resigned 24 August 2024) (Appointed 20 January 20251 {App)inted 17 Marth 2025) $8crntary Mr5. V. Marshall Independent Examingr S. B. Thomas AC Ridgefield Consulting Chartered Accountants, 10 StatM)n Road. Henley on Thames, Oxtordshire. RG9 1AY Charity Office Walington Community Office, 1 Old School Place. Wauington. Oxfordshire. OX49 5QH Charity Number 241730 Page 2 POOR'S ALLOTMENT TRUSTEES REPORT The Trustees pres8nt their Report and the Financial Statements of the Charity for the year ended 31st De(*mber 2024. StrUc￿re Governance and Mana The Charity was constituted by Deed of Tnjst as Poofs Allotrnent on 22nd April 1815 and is registered with the Charity Commissioners number 241730. Trustees are aPFrf￿nted at the AGM and serve for a four year tenn. The Trustees vhK) served durThw the year were: Ms. R. Walmsley Ms. M. Barton Ms. D. Hobbs Ms. N. A. Stafford Ms. D. J. Young Mr. D. J. Tindale Mr. AAheme Ms. J Hocking Trustees are all residents and are considered to have a good stsndirKJ within the local community. These factors, along with the irKliwdual's abilty to make infomied and wnsidered deasions, are taken into a(xxJunt before a Trustee is apwnted. ndo nisation The objectives of the Charity are . 1. The ￿lief of persons resident in the parish of Wattiw who are In need, hardship or distress or sick, convalescenc disabled or infimi. By relieving their suffering or assisting their recovery. 2. The Trustees may relieve person$ in need or those eligible for assistance by . Maknng grants of money to them, or Providing or paying for goods. seNices or faulities for them. or Making grants of money to other persons or bodies who prowde the gc￿l servi￿$ or faolities to those in need or those eligitAe for assistance. 3. In exceptional cases the Trustees may declde to assist someone {who musl otherwise be qualified) who is resident IMn￿diatety (xjtside the area of benefft or only temporarily resident in the area of benefit Page 3 POOR'S ALLOTMENT TRUSTEES REPORT Review of Activities During lh8 year, the Charity generated in￿ming resources of £42.408 (2023: £40,986). This enabled the Charity to provide donations of £15.831 (2023.. £17.532) to support individuals and tharilable groups within the parish of Watlington. Future Plans The Charity aims to conlinue to provtde support and assistance to those in need wtlhin the parlsh of Wadington. Reserves Poli The Charity aims to maintain suffi(ient reseNes to ensure that it can continue to meet its objectives within the local community. This policy has kxen athieved again this year. Trustees. Res onsibilities The Trustees recognise their responsitmlty for keeping proper aC￿Unting records and preparing Financial Statements eath year. The appended accounts have been prepared on the a¢¢Tuals basis and have been examined by an Independent Examiner, whose report is also atlached. Public Bonef The Trustees have paid due regard to guidance issued by the Charity commi￿on with regards to Public Benefit. Laws and Re ulations The Charity has been compliant with prevailing laws and regulations in force during the year. This Report was approved by the Trustees . Mr. D.J. Tindale Tnjstee Ms. N. A. Stafford Trustee Date= i.q.ioi¥ Page 4 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF POOR'S ALLOTMENT I report to the charity trustees on my examination of the accnunts of the charity for the year ended 31 De￿mber 2024 which are set out on pages 5 to 10. Res onslbllltles and basis of re As the charitys trustees you are responsible for the weparation of the acthunis in accordance with the requirements of the Charities Act 2011 ('the ACY). I report in respect of my examination of the charivs accounts carried otrt under section 145 of the Act and in carying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(bl of the ACL Inde ndent Examinerfs Statement I have completed my examinatson. I Confi￿ that no material matters have come to my attenlion in )nnection with the examination giviThJ me cause to believe that in any material respect.. accounlirvJ records were not kept in respect of the charity as required by section 130 of the 2. the accounts do not accord wth Ihose r￿. or 3. the accounts do not comply with the apF￿ll￿b1e requirements (x)nceming the fomi and content of accounts set oui in the Chartties (Accounts and Reports) Regulations 2008 other than any uirement that the accounts give a 'true and fair view which is not a matter considered as part of an independent examination. I have no concems and have corne across no other matters in connection the examination to which attention should be drawn in this r8POrt in order to enable a proper undersLgnding of the accounls to be leached. S. B. Thomas. ACA Kench & Co Ltd Chartered Accountants, 10 Station Road, Henley on Thames. Oxfordshire. RG9 1AY Date: Page 5 POOR'S ALLOTMENT INCOME AND EXPENDrruRE ACCOUNT STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted, ' Unrestricted fvnd$ funds 2024 2023 INCOME COIF Deposit Interest Charinco Interest Dividends Grazing Li￿n Rental Income Other Income- Donations 37.268 2,580 2.501 59 34.834 5,501 10 640 Total Incoming Resources OUTGOINGS Direct Charitsble Expenditure- Dona￿nS Management and Administrati( Watlington Public Charities- Rent Depreciation (15,831) {10.483) (400) 117,532) 117.236) {400) {300) Net In¢omin Resources for the Year 15,694 5,515 (Defi¢itySurplus on Revaluation of Investments 20,587 34,114 Funds as at 1 January 2024 936,058 896.426 Funds as at 31 December 2024 Page 6 POOR'S ALLOTMENT BALANCE SHEEr STATEMENT OF ASSETS AND UABILMES 31 DECEMBER 2024 2024 2023 Fixed Ass￿$ Tangible Assets Investments 885.923 ,' 865.336 885.928 Currenl Assets Debtofs Cash at Bank and in Hand 89.268 73.274 89,268 73,274 Credltors '. Amounts falling due ¥￿thIn one year (2.857) (2.557) Nel Current Assets 86,411 70,717 Total Assets Less Current Llabllltles 972.339 936,058 Net Assets 972 339 936 058 itsl and Reservgs Income and Expenditure Account (Unre5tricled ftjnds) 972.339 936,058 972 339 936 058 rovaj b the Trustees on .' /5t t2knhff2024 Ms. N. A. Stafford Trustee Mr D.J. findale Truste Page 7 POOR'S ALLOTMENT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 1 Accounlin Policies harlty Inforniation Poorfs Alotment was established by Deed of Trust on 22 Awil 1815 as an unincorporated charity and is registered with the Charity Commissioners. tharity registration number 241730. Accounting convention These accounts have been preparwj in ac(x)rdan(* with FRS 102 Tr Finan￿al Reporting Standard applicable in Ihe UK and Republic of Ireland. ("FRS 102"), 'Accounting and Reporting by Charities" the Statement of Recommended Practice for charities applying FRS 102, the Charities Act 2011 and UK Generally AC￿pted Accounting Practice as it applies from 1 January 2015. The Trust is a Public Benefit Entity as defined by FRS 102. The accounts are prepared on a ￿￿ng concem basis under the historTrcal cost convention, modified to indude ￿rtain items at fair value. The ac(x)unts are presented in steding which is the functional currency of the charity and rourKled to the nearest £. Incorning Rgsour¢os Income is recognised vthen the Trust is legally entitled to it after any performance conditions have been met. the am￿nts can be measured reliably. and it is probable that income will be re￿ived. Cash donations a￿ recognised on receipt. Other donations are recognised once the Trusl has been notified of the donation, unless perfOMan￿ conditions require deferraS of the amount. Tangibl• f￿ad assets Freehold land and buildings and computer equipment are stated at cost less depreciation. Depreciation on computer equipment is charged on a 3 years straight line basis. FIX￿ asset Investments Fixed asset investments are initialty measur&J al transaction price, and are subsequenUy measured at fair value at each reporting date. Changes in fair value are recognised in the income and expenditure account. Page 8 POOR'S ALLOTMENT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 Financial Instrurnents The Tnjst has elected to apply the provisions of Section 11 'Basic Finanual Instruments. and Section 12 '0ther Financial Instruments Issues. of FRS 102 to all of its finanaal instruments. Financial instruments are recognised in the Trusvs Balan￿ Sheet when the Trust becomes paty to the contractual prowsions of the instrument. Finaniial assets and liabilities are offset, with the net amounts presented in the Financial Statements. when there is a legalty enforceable right to set off the recognised arnounts and there is an intention to setue on a nel basis or lo realise the asset armj settle the liabilty simultaneously. Basic financial assets Basic finanual assets. which indude debtors and ￿sh and bank balances. are initialty measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest rate method. Finanojal wets dasstfied as receivable within one year are not amortised. Bas1¢ financlal Ilabllltles Basic financial liabilibes. including (zeditors are inibally recognised at transa(*on price. FlnancSal liabilities classified as payable wthin one year are not am0￿Sed. Debt instruments are sUbseqUen￿Y carried at amortised Cost, using the effective interest rate method. Trade creditors are obligations to pay goods or seNces that have been ao]uired in the ordinary course of operations from suppliers. Amounts payable are dassified as current liabilities if payment is due wthin one year or less. If not. Ihey are presented as non-current liabilib'es. Trade creditors are reu)gnised initially at transaction price and subsequently m8asured at amortised cost using the effective Inte￿$t method. Derecognllion of financial liabilities Financial liabilities are derecognised when the TTusfs (x)ntractual obligations expire or are discharged or cancelled. Page 9 POOR'S ALLOTMENT NOTES TO THE AccouKrs FOR THE YEAR ENDED 31 DECEMBER 2024 2 Tan Ible Fixed Assets Com Land & ￿uler Buildin ui Total Cost At 1 January 2024 Addition5 Disposals 900 905 At 31 Decgmber 2024 900 905 Deprecialion and impainngnt Al 1 January 2024 Depreciation charged in year Eliminated in respect of disposals 900 900 At 31 December 2024 900 Carrying amount At 1 January 2024 At 31 December 2024 3 Investments Investments In COIF Funds Investments M&G Other Charifund Investments Total At 1 January 2024 516.518 318,605 30,213 865,336 Additions Revaluation surplusl{defiat) 12.296 8.306 (15) 20.587 At 31 December 2024 528 814 326911 885 923 Ana sis of Invèstments 2024 2023 Listed Inve5trnents 885.923 865,336 Page 10 POOR'S ALLOTMEKr NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 4 Debtors 2024 2023 Trade debtors Unpaid rental income A¢fflied income 5 '. Amounts falling due within one year 2024 2023 Other Creditors Deferred Income Accruals 757 2.100 757 1.800 6 Income and Ex nditure AcGou 2024 2023 At 1 January 2024 Net incoming Iloirtgoing) resources for the year 936.058 36.281 896.426 39.632 At 31 December 2024 972 339 7 Trustees, Remuneratlon The Trustees received no remuneration and no expenses were reimbursed to Trustees during the year. 8 Restrlcted Funds There were no restricted fijnds in the year ended 31st December 2024. 9 Related Pa Transactlons There are no related paty trdnsacli(Nk8 during the year ended 31st December 2024.