(W(X)DLEY SANDFORD & cHARv cHAB TrUSD ANNUAL REPORT AND ACCOUNts FOR THE YEAR TO 31st DECEMBER 2024
ANNUAL REPORT FOR THE YEAR TO 31ST DECEM14ER 2024 The Trustees: Mrs Sbelagh Flower (Chairman - 4 year terni of office to 31# May 2028)- Wo(MJley Town Council Mr4 P4ulin¢ Allen Ivice-chairnian . 5 year terni of oITice to ioth Juty 2026) - Cotyed Mr Rodnry Huggins {5 year terni of offiLY to ioth January 2025)- COpted Mr Michael Mitchell {5 year tcmi of olyice to 25th Febnwy 2029)- Cowopted Mr8 Sooia Boyks (5 year terni of office to 7th September 2027)_ Cwted Mrs Jane B*lts (5 year temi of office to 26th February 2029)- copted Mrs rett Mecann {4 year terni of office to 8th May 2026) - Charvil Parish Council Mrs Kay Gikler (4 year term of office to 5th June 2026)- Woodley Town Council Mr8 Mary Holmes (16th May 2023 to 5th June 2026)- Woodley Town Council Mrj Ja•¢ Ainslie (4 year temi to 17th May 2028)- Council Mrs E M Fidler Clerk to the Trustees: Office Address: 4 Tiverton Close Woodley RG5 3BE Lloyds Bank PIC Bracknell Berkshire Field Seymour Parkes LLP I tnndon Street Bankers: Solicitors: RGI 4PN Christo her Ta Edwin Smith 32 Queens Road Architect: Auditor and Accounting & Tax Advisers: RIBA Berksbire 242574 Charity Commission registration number: Regulator of Social Housing Tegistration number. ESA2366
ANNUAL REPORT FOR THE YEAR TO 31- DECEMBER 2024 Bae In its ajrrent form The Poor's Land Charity (W(xxll¢y. Sandford and cha11 Charitable Twst) was estsblished on the i ith July, 1972 and previousty was known as the Fuel Allotment Charity. In 1990 the Clwity Commissioners approved a scheme for the regulation of the Charity. Allotment land belonging to the Ckmrity in Woodley was used for providing fi1 which was allocated to those in need who were resident in the parishes of Woodley. Sandford and Charvil. In the 19705 the allotsnent land was sold and the Pr(ttds used to purchase and develop a parcel of land and provide residential protKrties in Woodley. This site was Iled Cedar Place and situated in LIdon Bridge Rorf W(M)dley. Fourteen flats and four bungalows were constructed from 1979 to 1993 to provide Almshouses for the poor. An adjacent bungalow was purchased in 2000 to facilitate the firture development of Cedar Place. Th¢ governing scheme empowered the to relieve hardship by:" (a) Housing persons in need in purp)se built accommodation (Almshouses). The occupiers were drawn from within the parishes of Woodley. Sandford and Charvil. (b) Making donations in kind to residents of W(x)dl¢y, Sandford and Charyil and adjacent parishes as -Relief in N¢ed-. (¢) Applying income foT the general bcncfit of Tcsidents of WoLxlley. Sandford and Charvil and adjacent parishes. nisAtion The Poor's Land Charity was served by ten Trustees during the year. of whom five were COaOPted and five were nornitted apw)inlments. At a meeting held on 31 January 2024 Mt5 Pauline Allen was re-appointed as Chairman and Mr. Rodney Huggins stTh)d down as Vice ChaIrn with Mrs Shelagh Flower being appointed as Vice Chairnwi. On 27 Ju]y 2024 Mrs Shelagh Flower apwinted Chairn)an with Mrs Pauline Allen appointed to the role of Vice Chairnw. Mr David Fidler stood down as Treasurer on 31S1 March 2024 and Mr C O'connell became Treasurer on 151 April 2024. At 315t December 2024 there was one nominated Trustee va&incy. The Trustees met on ten occasions in 2024 to discuss and agre¢ the management of the Charity. Minutes of each meeting were signed by the Chairman and retained for future reference. The Charity Commission register of Trustees w&$ maintained during the year.
THE P(J)RS' LAND CHAIUTY ANNUAL REPORT FOR THE YEAR TO 31ST DECEMBER 2024 Policies & Proeedllres Access to the charity via a website was introduced to allow public enquirles in respect of vacant flatsUngalows and support for people in need. Tne¢ training has been introduced with the help of th¢ Almshouse Association. Delive of Publie Benefit Housin Wokingham District Council provided funding for the consttuction of ten flats and hold the nomination rights for five of these flats for a period of 60 years from 13th October. 1978. This proviso w&8 documented in the morwge deed (the mortgage loan was repaid in 2(X)4). Planning p]10n relating to the four flats and four bungalows built in 1993 included a clause to the effect that applicants had to be over 60 years of age. Whilst there was no age restriction for the ten Ilats buih in 1979. they were buih with the elderly tn mind. In total there a eighteeo Almshouse uniE LX)nsilng of fourteffl tlats and four bungalows administered by the Charity. All 5]dents had originally been appointed by the Trustees from the parishes of W(M)dley, Sandford and Charvil or had been nominated by Wokingham Borougb Council as appropriate. There were no vacant units at 3 ISI December 2024. Maintenance Charges were incteased from 1st March 2024 in line with ststutory requirements applicable to registered housing providers. Utility charges were unchanged. table Su In addition to rnanaging the Almshouse units the Tnjstees considered applications for Relief in Need. Eight requests were received by the Tntstees in 2024 and a total of £4,000 was paid out for relief in need to six applicants. Typically requests to help young families were for school trips 'whitc' grd4 ldIng and tlwri
ANNUAL REPORT FOR IHE YEAR TO 31" DECEMBER 2024 Develo ment Artivities Activities in 2024 included the following :_ An application for a concessionary TV licence for all qualifying resAd¢nts was approved by TV Licensing atid effective from I" January 2024. Energy FKrfornLqnce certificates (EPCS) were renewed to meet the new regulatory requirements. Two kitchens were completety refillb1sl at a cost of £18J55 and one bathroom for £4,610. The annual inspection of gas cooker4 fre extinguishers and alami system had taken place. Coffee mornings for residents continued to be well supw)rted during the year. Development of a website continued wtth ¢onfmation of the domain name (www.p(x)rslandwoodley.org) and e-mail addresses for the Clert Treasurer and A new provider foT heating and hot war rna1ntenan was chosen. LED lighting with censors was installed in all the common area5 and emergency lighting tested. Water quality testin8 showed no concerns re Llonell ltiitial discussions were held on the future of the 223 IA)ddon Bridge Road site. A fwe retardant ceiliDg w&$ I[alled in the Ix)iier r(WA to wovide greatrr wotection for residents in adjoining flats. Residents, soclal activities itichmled a Fish and Chip a Xmas party and hmch at Sonning Golf Club. Financial Reserv Po The Trustees were aware that the Charity mu# balance the need to build sufficient reserves to maintain fmancia] stabilty with meding the costs of delivering its charitable objectives. The tsrget was to retsin suificient liquid funds to meet three months, revenue expenditure. which the TnLStees believed would enable the ChaTity to continue to opte should there be any unexpected intemiptlons to regular fiu)diDg. At 310 Decernber 2024, net cuent &ssets were £39,823 (2023: £40J42) wbicb would m¢¢t four months, rnue eXpenditie. Finaneial Review The fmancial results for the year showed a Housing surplus of £813 and an overall revenue surplus of £56,073. In the year 2024 ttlanaged investhi¢nt funds incr¢&sed in valu¢ by £78.654 and total reserves increased by £l(K).497 to Q758263. SHELAGH FLOWER Chairman of the Trusttts Dated: ...
THE POOR'S LAND CHARITY rNDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE CHAIUTY Opinion We have audited the financial statements of The Poor's Land Charity (the 'charity') for the year ended 31 December 2024 which comprise the Statement of Financial Activities. the Balance Sheet and the related notes. The financial rew)rting framework that has been applied in th¢ir preparation is applicable law and United Klngdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of freland (utild Kingdom Generally Accepted Accounting PrtiCe}. In our opinion. the financial statemenlS= give a true and fair view of the state of the charity's affairs as at 31 DecemEEr 2024. and of its incoming resour5 and application of sOurCes. for the year then ended. have been properly prepared in accordance with United Kingdom Generdlly Accepted Accounting Practice. and have been prepared in accordance wilh the requirements of the Choriiies Aci 2011. Basis for opinion We conducted our audit in accordance with International Stsndards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are fiwtber described in the Auditor's re5ponsibililies for the audit of the fmancial 5talemenls section of our report. We are independent of ihe charity in accordance wilh Ihe ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethical rcsponsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriatc lo providc a basis for our opinion. Conelusions relating to going concern In auditing the financial statements, we have concluded that the Irustees. use of ihe going concern basis of accounling in the preparation of the fitwicial statements is apwopriate. Based on the work we have perfoTmed. we have not identified any material uncertainties relating lo events or conditions that. individually or colleclively, may cast stgnificant doubt on the group and parent charity's ability to continue as a going concern for a period of al least 12 months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with res¢1 to going concern are described in the relevant sections of this rew>rt. Other information The other inforniation comprises the inforn)ation included in the annual retK)rt, oiher than the financial statements and our auditor's report thereon. The trustees are responsible for the other inforniation. Our opinion on the financial sialements does nol cover the other infomlalion and we do noi express any fortn of assurance conclusion thereon. In conneciion with our audit of the financial statetncnts, our responsibility is io read the other infomiaiion and, in doing so, consider whether the other inforrnation is materially inconsistent with ihc fiDatkcial statements or our knowledge obtained in the audit or otherwise appears to be materially mi5Staled. If we identify such material inconsistencies or apparent material misstatements, we are rquired io determine whether there is a material misstatement in the financial statements or a material misstatement of
THE POOR'S LAND CHAIUTY INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE CHARITY the other information. If, based on the work we have perfonned. we conclude that there is a material misstatement of this other inf0nnati0 we are required io rewrt that fact. We have nothing to report in ihis regard. Matters on which we are required to report by eIctption We have nothing to report in reSt of the following matters where the Charilies (Accowits and Reports) Regulations 2008 requires us lo report to you if, in our opinion: the inforniation given in the financial statements 15 incon51Stent in any material resp1 with th¢ tn]stees' report. sufficient accounting records have noi been kept: the financial statements are not in agreernent with the accounting records and returns. or we have not received all the infonnation and explanations we require for our audit. Responsibilities of trustees As explained more fully in the Trustees. ResnSibIlItieS Statement, the trustees are responsible for the Preparation of financial ststements which give a trne and fair view. and for such internal control as the lrnsl¢¢s d¢tennin¢ is necessary to enable the prepardtion of financial stalernents that are free from malerial misstatemenL whether due lo fraud or eTror. In preparing the financial staternents. the trustees are responsible for assessing the charity's ability to continue as a going concern. disclosing. as applirJble. matters related to going concern and using ihe going concem basis of accounting unless the ttee5 either intend to b'quidate the company or lo cease operations. or have no realistic alternative but lo do so. Auditor's r¢spon8lbllltles for the audlt of the finaneial statements Wc have been appointed as auditor under the Charilies Aci 2011, s. 144 and report in aordance with regulatiot]s made under thc Act and relevant rcgulations made or having effect thereunder. Our objectives are to obtain reasonable assurdnce about whether the financial statements as a whole are free from material misslatcmcnl, whcther duc to fraud or error, aTJd lo issue an auditor's report that includes our opinion. Reasonable assurdnce is a high level of assurance, but is not guarantee that an audit conducted in acrdance with ISAS (UK) will always detect a material misststement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expecled to influence the economic decisions of users tsken on the basi5 of these financial stalements. Thc extcnl to which our procedures are capable of detecting iNegularilies, including fraud is detailed below..
THE POOR'S LAND CHARITY INDEPENDENf AUDrroR'S REPORT TO THE TRUSTEES OF THE CHARITY Explangtion as to what extent the audlt was eonsldered eapable of detecting irregularitie5, iDcluding fraud Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement. whether due to fraud or error. and to issue an auditor's retK)rt that includes our opinion. Reasonable assurance is a high level olassurance. but is not a guarantee that an audit conducied in accordance with ISAS (UK) will always detect a material misslat¢m¢nt when it exists. Misstatements can arise from fraud or Crror and are considered maleTial if, individually or in the awegate. they Could reasonably be expected to illfiuence the economic decisions of usus taken on the basis of th¢se fitwicial statements. As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: Identify and assess the risks of material misstatemeot of the financial statements. whether due to fraud or error, design and perfomi audit procedures responsive lo those risks. and obtain audit evidence that is sufficienl and appropriate to provide a basis for our opinion. The risk of not detecting a material mi55tatemcnt resulting frorn fraud is higher than for one resulting from error, as fraud nmy illvolve collusion. forgery, intentional omissions. misrepresentation5, or the override of inlml control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the ¢ircumsiances. but not for the purpose of expressing an opinion on the effectiveness of the group's internal control. Evaluate the arOpriatelless of accowitillg policies used and the reasonableness of accounting estimates atLd rdated disclosures made by the directors. Evaluate the overall presentstion. structure and content of the financial statements. including the dis¢losures, and whether the funcial statements represent the underlying transactions and evcnts ID a man[ thal achieves fair pres¢lltaiion. We communicate with those chargcd with govcTnaDCC regarding, among other matters, the planned scope and timing of the audit and significant audit rdIngS. incEuding ally significallt deficiencies in internal control that we identify during our audit. A furthcr description of our r¢snSIbIlItieS for the audit of the fmancial statements is located on thc Financial Reporting Coun¢il's website at.. www.frc.org.uklauditorsr&5ponsibilities. This description forn]5 part of our auditor'5 report. Edwin Smith Chartercd Accountants and Ststutory Auditor 32 Queens Road Reading Berkshire RGI 4AU Date 2 May 2025 Edwin Smith is eligible to ¥t as an auditor in of section 1212 of the Companies Act 26.
2023 2024 88,970 1,341 87,629 17.989 Less: Voids 2.831 94.615 19.481 345 Utilxty cbaT8es reeeiv¥bl¢ Stornge unit rents reeeived 105.898 114.441 OPERAIING COS]3 37.207 10.182 47.7) 45.gm 15.194 51530 95,179 113,628 10.719 OPERATtNG SURPLUS (DEFicm 813 47.186 17,302 Profivlkns) on Yevaluation of illvesttn {D)te 2(i)i ) 37J86 41.958 95291 60.073 Taxation on ordiw 1V]e5 (wte 12) GROSS SURPLUS (DEFICtr)FOR THE YEAR 95291 60.073 {5.568) RELIEF IN NEED GRANts & tK)NATIONS (4.(KK>) 89.723 SURPLUS (DEFICTD FOR TIIE YEAR 56.073 MOVEM ON RESERVFS 1.926.386 1.999273 t Auplus (deficit) forthe year Net transfern frolld(kn): Building Fund (15.IKKI) 1.928 2.038,418 16.836 1.999.273 xl signed on their by: - s.4.qknJ Tnlstee. S Boyle5
2023 2024 FLYED ASSErs 1.126.198 Freeknld 1KNjDg (note 2) 1.126.198 166.841 1,333243 1626282 186.851 1,411.897 Investm (no 3) 2,n4.946 DeFrtots [)fr 4) 3.778 45.458 49236 56.132 (15.7) 40.342 Crtditors. antsts falliDgth withill one Yr{le 5) NET CURRENf ASSEtS {9.413) 39.823 (8.858) PROVISIONS FOR LIABItIT1FS (T6) (6.506) 2.657.766 2,758.263 CAPAL AND RESERVFS 658,493 1.999.273 2.657.766 DESIGNATED RESER (rnx¢ 7) REVENUE RESERVES 8) 719,845 2,038,418 2,758.263 sipl on their bebaEf by:
ACCOUNTING POUCIES 16 July 2014 aod chltieS Act 2011 A swnmary of the mote ]m[an1 e0ting lie1$ is set out Itlow. 50 years aTh] a Illgb residual value t1 is I11¢Y of * maiDl¢na FtXED ASSETS Freehold knin8 pn)fvies ¢(wise:. (i) Cedar Place.. 18 gxial ho]ng uDits {14 11¥ts az¥J 4 imjngalows) with 10 • UDi £701,198 and w&s fiuthl in part by grants of £150.398 from Woki08bam Council. (li) 223 kn)ddon Brid8e R(wl: An Jent Wow was purch&sed in 2(XKI at a cost of £111,764 and is kt at a c)nInls1 rentsl (s¢¢ 10 fiydrtaiisl Tr ofessionalty val at £425.(KM) at 12 Jattuary 2022. From 2015 the clwity xwately identifies expmlitute on imryoVe to tl nwior line basis from the month following completiOD at the following aral rntes:. 5% Boilers 6.67% KitclKns i¢r/• Roofing 2.5% Inthe year 2024 exF[re on ilDprO 8n)Ou0 to £36.947 Q023 £17.074) which resultoj itt depreciation cbarBe of £16.937(2023 £16.036) ]sID8 from the (Jjmuiative eXplture to 31 Decemkn 2024. Vb5'1MEN'I Cost 2024 valu¢ 2023 2024 147.419 480.164 149J47 520ffj35 vestsn¢th Fund- 43(Kl.232 Accumuknion sl)atrs• Clwities Official Ethical FuDd 166.853.69 trne Units 488J23 502230 488J23 515,012 107,144 134.871 107.144 139J91 COIF ChaEitie5 Detx)sit xcount 37.649 37.649 37.649 37.649 Ittvesttt Fund. 214596.827 Irme shaK8 • 151.8(h5 178J29 166.8(h5 932 33 l 43 949469 1411897 • 10-
NOTES TO THE ACCOiTNtS FOR THE YEAR TO 31sr DECEMBER 2024 DEBTORS. fallin8d within one year Debts)rs include £666 (2023. £587) in w of arrears of resid¢ts CreditOTS fallitig within one year IrKI £184 (2023 . £624) in of PROVISIONS FOR LiABILfiiES 2fJ23 2024 Unbilled gas charges by SSE Fwy IAd 8,858 DESIGNATED RESERVES Batance at kginning of year Transfer fronJl(to) Revenue Reser Building FuDd 610.769 658.493 15,( 16.836 vrottv1L5Sj on mvestments Yevaiiiatson Building Furw 5.881 38.543 27,8 Balance clfwd at 3 1st Lkcemitr tttPTising Building Futbj 178.329 480.164 199210 520.635 11
NOTFSTOThE ACCOiJNfs VOR THE YEAR T031sf DECEhlBER 2W 21r13 2024 1.926J86 1.9W273 73 Surplus It} foryear Tr¥nsfert&ftom fk8ipI R¢s¢w5 Ba]ante at ¢1 of y¢ (16,836) 1gYg273 2038418 remuner forts year to31# 2023 wu£13245. 10 lTrllEIIEST RECEIVABLEAND UIIIER tNCOME Net 11Ke frrAnT23 tKJJÈkn Bridge RLwl{see li} 9526 31.(Ill 1.430 41.958 29235 37J86 INCOME FROM PROPERTY. 223 Brid&e R(*L WLKthy 11615 {4286) (IJ 6.963 13.243 (1283) (1.434) 9.526 Decoratin8 & reF•5 12 TAXATION -12-
MANAGEMENT DETAIL OF INCOME AND EXPENDrriiRE ACCOiiNT 2023 2024 SERVtCES 8.830 2555 4.061 131 2.793 4.937 138 Water charges 15,577 10.( 2,n9 16.768 17.068 3.429 3.120 3236 1283 45.904 Electiicity Cleatkin8 2,553 3.379 37,207 4.415 3fA) 403 2.650 2.354 10.182 4.450 550 1.053 5.495 P05fagq slaliow a] cl¢tVs exFLse5 Sundries 15.194 13-
(W(X)DLEY SANDFORD & cHARv cHAB TrUSD ANNUAL REPORT AND ACCOUNts FOR THE YEAR TO 31st DECEMBER 2024
ANNUAL REPORT FOR THE YEAR TO 31ST DECEM14ER 2024 The Trustees: Mrs Sbelagh Flower (Chairman - 4 year terni of office to 31# May 2028)- Wo(MJley Town Council Mr4 P4ulin¢ Allen Ivice-chairnian . 5 year terni of oITice to ioth Juty 2026) - Cotyed Mr Rodnry Huggins {5 year terni of offiLY to ioth January 2025)- COpted Mr Michael Mitchell {5 year tcmi of olyice to 25th Febnwy 2029)- Cowopted Mr8 Sooia Boyks (5 year terni of office to 7th September 2027)_ Cwted Mrs Jane B*lts (5 year temi of office to 26th February 2029)- copted Mrs rett Mecann {4 year terni of office to 8th May 2026) - Charvil Parish Council Mrs Kay Gikler (4 year term of office to 5th June 2026)- Woodley Town Council Mr8 Mary Holmes (16th May 2023 to 5th June 2026)- Woodley Town Council Mrj Ja•¢ Ainslie (4 year temi to 17th May 2028)- Council Mrs E M Fidler Clerk to the Trustees: Office Address: 4 Tiverton Close Woodley RG5 3BE Lloyds Bank PIC Bracknell Berkshire Field Seymour Parkes LLP I tnndon Street Bankers: Solicitors: RGI 4PN Christo her Ta Edwin Smith 32 Queens Road Architect: Auditor and Accounting & Tax Advisers: RIBA Berksbire 242574 Charity Commission registration number: Regulator of Social Housing Tegistration number. ESA2366
ANNUAL REPORT FOR THE YEAR TO 31- DECEMBER 2024 Bae In its ajrrent form The Poor's Land Charity (W(xxll¢y. Sandford and cha11 Charitable Twst) was estsblished on the i ith July, 1972 and previousty was known as the Fuel Allotment Charity. In 1990 the Clwity Commissioners approved a scheme for the regulation of the Charity. Allotment land belonging to the Ckmrity in Woodley was used for providing fi1 which was allocated to those in need who were resident in the parishes of Woodley. Sandford and Charvil. In the 19705 the allotsnent land was sold and the Pr(ttds used to purchase and develop a parcel of land and provide residential protKrties in Woodley. This site was Iled Cedar Place and situated in LIdon Bridge Rorf W(M)dley. Fourteen flats and four bungalows were constructed from 1979 to 1993 to provide Almshouses for the poor. An adjacent bungalow was purchased in 2000 to facilitate the firture development of Cedar Place. Th¢ governing scheme empowered the to relieve hardship by:" (a) Housing persons in need in purp)se built accommodation (Almshouses). The occupiers were drawn from within the parishes of Woodley. Sandford and Charvil. (b) Making donations in kind to residents of W(x)dl¢y, Sandford and Charyil and adjacent parishes as -Relief in N¢ed-. (¢) Applying income foT the general bcncfit of Tcsidents of WoLxlley. Sandford and Charvil and adjacent parishes. nisAtion The Poor's Land Charity was served by ten Trustees during the year. of whom five were COaOPted and five were nornitted apw)inlments. At a meeting held on 31 January 2024 Mt5 Pauline Allen was re-appointed as Chairman and Mr. Rodney Huggins stTh)d down as Vice ChaIrn with Mrs Shelagh Flower being appointed as Vice Chairnwi. On 27 Ju]y 2024 Mrs Shelagh Flower apwinted Chairn)an with Mrs Pauline Allen appointed to the role of Vice Chairnw. Mr David Fidler stood down as Treasurer on 31S1 March 2024 and Mr C O'connell became Treasurer on 151 April 2024. At 315t December 2024 there was one nominated Trustee va&incy. The Trustees met on ten occasions in 2024 to discuss and agre¢ the management of the Charity. Minutes of each meeting were signed by the Chairman and retained for future reference. The Charity Commission register of Trustees w&$ maintained during the year.
THE P(J)RS' LAND CHAIUTY ANNUAL REPORT FOR THE YEAR TO 31ST DECEMBER 2024 Policies & Proeedllres Access to the charity via a website was introduced to allow public enquirles in respect of vacant flatsUngalows and support for people in need. Tne¢ training has been introduced with the help of th¢ Almshouse Association. Delive of Publie Benefit Housin Wokingham District Council provided funding for the consttuction of ten flats and hold the nomination rights for five of these flats for a period of 60 years from 13th October. 1978. This proviso w&8 documented in the morwge deed (the mortgage loan was repaid in 2(X)4). Planning p]10n relating to the four flats and four bungalows built in 1993 included a clause to the effect that applicants had to be over 60 years of age. Whilst there was no age restriction for the ten Ilats buih in 1979. they were buih with the elderly tn mind. In total there a eighteeo Almshouse uniE LX)nsilng of fourteffl tlats and four bungalows administered by the Charity. All 5]dents had originally been appointed by the Trustees from the parishes of W(M)dley, Sandford and Charvil or had been nominated by Wokingham Borougb Council as appropriate. There were no vacant units at 3 ISI December 2024. Maintenance Charges were incteased from 1st March 2024 in line with ststutory requirements applicable to registered housing providers. Utility charges were unchanged. table Su In addition to rnanaging the Almshouse units the Tnjstees considered applications for Relief in Need. Eight requests were received by the Tntstees in 2024 and a total of £4,000 was paid out for relief in need to six applicants. Typically requests to help young families were for school trips 'whitc' grd4 ldIng and tlwri
ANNUAL REPORT FOR IHE YEAR TO 31" DECEMBER 2024 Develo ment Artivities Activities in 2024 included the following :_ An application for a concessionary TV licence for all qualifying resAd¢nts was approved by TV Licensing atid effective from I" January 2024. Energy FKrfornLqnce certificates (EPCS) were renewed to meet the new regulatory requirements. Two kitchens were completety refillb1sl at a cost of £18J55 and one bathroom for £4,610. The annual inspection of gas cooker4 fre extinguishers and alami system had taken place. Coffee mornings for residents continued to be well supw)rted during the year. Development of a website continued wtth ¢onfmation of the domain name (www.p(x)rslandwoodley.org) and e-mail addresses for the Clert Treasurer and A new provider foT heating and hot war rna1ntenan was chosen. LED lighting with censors was installed in all the common area5 and emergency lighting tested. Water quality testin8 showed no concerns re Llonell ltiitial discussions were held on the future of the 223 IA)ddon Bridge Road site. A fwe retardant ceiliDg w&$ I[alled in the Ix)iier r(WA to wovide greatrr wotection for residents in adjoining flats. Residents, soclal activities itichmled a Fish and Chip a Xmas party and hmch at Sonning Golf Club. Financial Reserv Po The Trustees were aware that the Charity mu# balance the need to build sufficient reserves to maintain fmancia] stabilty with meding the costs of delivering its charitable objectives. The tsrget was to retsin suificient liquid funds to meet three months, revenue expenditure. which the TnLStees believed would enable the ChaTity to continue to opte should there be any unexpected intemiptlons to regular fiu)diDg. At 310 Decernber 2024, net cuent &ssets were £39,823 (2023: £40J42) wbicb would m¢¢t four months, rnue eXpenditie. Finaneial Review The fmancial results for the year showed a Housing surplus of £813 and an overall revenue surplus of £56,073. In the year 2024 ttlanaged investhi¢nt funds incr¢&sed in valu¢ by £78.654 and total reserves increased by £l(K).497 to Q758263. SHELAGH FLOWER Chairman of the Trusttts Dated: ...
THE POOR'S LAND CHARITY rNDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE CHAIUTY Opinion We have audited the financial statements of The Poor's Land Charity (the 'charity') for the year ended 31 December 2024 which comprise the Statement of Financial Activities. the Balance Sheet and the related notes. The financial rew)rting framework that has been applied in th¢ir preparation is applicable law and United Klngdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of freland (utild Kingdom Generally Accepted Accounting PrtiCe}. In our opinion. the financial statemenlS= give a true and fair view of the state of the charity's affairs as at 31 DecemEEr 2024. and of its incoming resour5 and application of sOurCes. for the year then ended. have been properly prepared in accordance with United Kingdom Generdlly Accepted Accounting Practice. and have been prepared in accordance wilh the requirements of the Choriiies Aci 2011. Basis for opinion We conducted our audit in accordance with International Stsndards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are fiwtber described in the Auditor's re5ponsibililies for the audit of the fmancial 5talemenls section of our report. We are independent of ihe charity in accordance wilh Ihe ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethical rcsponsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriatc lo providc a basis for our opinion. Conelusions relating to going concern In auditing the financial statements, we have concluded that the Irustees. use of ihe going concern basis of accounling in the preparation of the fitwicial statements is apwopriate. Based on the work we have perfoTmed. we have not identified any material uncertainties relating lo events or conditions that. individually or colleclively, may cast stgnificant doubt on the group and parent charity's ability to continue as a going concern for a period of al least 12 months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with res¢1 to going concern are described in the relevant sections of this rew>rt. Other information The other inforniation comprises the inforn)ation included in the annual retK)rt, oiher than the financial statements and our auditor's report thereon. The trustees are responsible for the other inforniation. Our opinion on the financial sialements does nol cover the other infomlalion and we do noi express any fortn of assurance conclusion thereon. In conneciion with our audit of the financial statetncnts, our responsibility is io read the other infomiaiion and, in doing so, consider whether the other inforrnation is materially inconsistent with ihc fiDatkcial statements or our knowledge obtained in the audit or otherwise appears to be materially mi5Staled. If we identify such material inconsistencies or apparent material misstatements, we are rquired io determine whether there is a material misstatement in the financial statements or a material misstatement of
THE POOR'S LAND CHAIUTY INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE CHARITY the other information. If, based on the work we have perfonned. we conclude that there is a material misstatement of this other inf0nnati0 we are required io rewrt that fact. We have nothing to report in ihis regard. Matters on which we are required to report by eIctption We have nothing to report in reSt of the following matters where the Charilies (Accowits and Reports) Regulations 2008 requires us lo report to you if, in our opinion: the inforniation given in the financial statements 15 incon51Stent in any material resp1 with th¢ tn]stees' report. sufficient accounting records have noi been kept: the financial statements are not in agreernent with the accounting records and returns. or we have not received all the infonnation and explanations we require for our audit. Responsibilities of trustees As explained more fully in the Trustees. ResnSibIlItieS Statement, the trustees are responsible for the Preparation of financial ststements which give a trne and fair view. and for such internal control as the lrnsl¢¢s d¢tennin¢ is necessary to enable the prepardtion of financial stalernents that are free from malerial misstatemenL whether due lo fraud or eTror. In preparing the financial staternents. the trustees are responsible for assessing the charity's ability to continue as a going concern. disclosing. as applirJble. matters related to going concern and using ihe going concem basis of accounting unless the ttee5 either intend to b'quidate the company or lo cease operations. or have no realistic alternative but lo do so. Auditor's r¢spon8lbllltles for the audlt of the finaneial statements Wc have been appointed as auditor under the Charilies Aci 2011, s. 144 and report in aordance with regulatiot]s made under thc Act and relevant rcgulations made or having effect thereunder. Our objectives are to obtain reasonable assurdnce about whether the financial statements as a whole are free from material misslatcmcnl, whcther duc to fraud or error, aTJd lo issue an auditor's report that includes our opinion. Reasonable assurdnce is a high level of assurance, but is not guarantee that an audit conducted in acrdance with ISAS (UK) will always detect a material misststement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expecled to influence the economic decisions of users tsken on the basi5 of these financial stalements. Thc extcnl to which our procedures are capable of detecting iNegularilies, including fraud is detailed below..
THE POOR'S LAND CHARITY INDEPENDENf AUDrroR'S REPORT TO THE TRUSTEES OF THE CHARITY Explangtion as to what extent the audlt was eonsldered eapable of detecting irregularitie5, iDcluding fraud Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement. whether due to fraud or error. and to issue an auditor's retK)rt that includes our opinion. Reasonable assurance is a high level olassurance. but is not a guarantee that an audit conducied in accordance with ISAS (UK) will always detect a material misslat¢m¢nt when it exists. Misstatements can arise from fraud or Crror and are considered maleTial if, individually or in the awegate. they Could reasonably be expected to illfiuence the economic decisions of usus taken on the basis of th¢se fitwicial statements. As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: Identify and assess the risks of material misstatemeot of the financial statements. whether due to fraud or error, design and perfomi audit procedures responsive lo those risks. and obtain audit evidence that is sufficienl and appropriate to provide a basis for our opinion. The risk of not detecting a material mi55tatemcnt resulting frorn fraud is higher than for one resulting from error, as fraud nmy illvolve collusion. forgery, intentional omissions. misrepresentation5, or the override of inlml control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the ¢ircumsiances. but not for the purpose of expressing an opinion on the effectiveness of the group's internal control. Evaluate the arOpriatelless of accowitillg policies used and the reasonableness of accounting estimates atLd rdated disclosures made by the directors. Evaluate the overall presentstion. structure and content of the financial statements. including the dis¢losures, and whether the funcial statements represent the underlying transactions and evcnts ID a man[ thal achieves fair pres¢lltaiion. We communicate with those chargcd with govcTnaDCC regarding, among other matters, the planned scope and timing of the audit and significant audit rdIngS. incEuding ally significallt deficiencies in internal control that we identify during our audit. A furthcr description of our r¢snSIbIlItieS for the audit of the fmancial statements is located on thc Financial Reporting Coun¢il's website at.. www.frc.org.uklauditorsr&5ponsibilities. This description forn]5 part of our auditor'5 report. Edwin Smith Chartercd Accountants and Ststutory Auditor 32 Queens Road Reading Berkshire RGI 4AU Date 2 May 2025 Edwin Smith is eligible to ¥t as an auditor in of section 1212 of the Companies Act 26.
2023 2024 88,970 1,341 87,629 17.989 Less: Voids 2.831 94.615 19.481 345 Utilxty cbaT8es reeeiv¥bl¢ Stornge unit rents reeeived 105.898 114.441 OPERAIING COS]3 37.207 10.182 47.7) 45.gm 15.194 51530 95,179 113,628 10.719 OPERATtNG SURPLUS (DEFicm 813 47.186 17,302 Profivlkns) on Yevaluation of illvesttn {D)te 2(i)i ) 37J86 41.958 95291 60.073 Taxation on ordiw 1V]e5 (wte 12) GROSS SURPLUS (DEFICtr)FOR THE YEAR 95291 60.073 {5.568) RELIEF IN NEED GRANts & tK)NATIONS (4.(KK>) 89.723 SURPLUS (DEFICTD FOR TIIE YEAR 56.073 MOVEM ON RESERVFS 1.926.386 1.999273 t Auplus (deficit) forthe year Net transfern frolld(kn): Building Fund (15.IKKI) 1.928 2.038,418 16.836 1.999.273 xl signed on their by: - s.4.qknJ Tnlstee. S Boyle5
2023 2024 FLYED ASSErs 1.126.198 Freeknld 1KNjDg (note 2) 1.126.198 166.841 1,333243 1626282 186.851 1,411.897 Investm (no 3) 2,n4.946 DeFrtots [)fr 4) 3.778 45.458 49236 56.132 (15.7) 40.342 Crtditors. antsts falliDgth withill one Yr{le 5) NET CURRENf ASSEtS {9.413) 39.823 (8.858) PROVISIONS FOR LIABItIT1FS (T6) (6.506) 2.657.766 2,758.263 CAPAL AND RESERVFS 658,493 1.999.273 2.657.766 DESIGNATED RESER (rnx¢ 7) REVENUE RESERVES 8) 719,845 2,038,418 2,758.263 sipl on their bebaEf by:
ACCOUNTING POUCIES 16 July 2014 aod chltieS Act 2011 A swnmary of the mote ]m[an1 e0ting lie1$ is set out Itlow. 50 years aTh] a Illgb residual value t1 is I11¢Y of * maiDl¢na FtXED ASSETS Freehold knin8 pn)fvies ¢(wise:. (i) Cedar Place.. 18 gxial ho]ng uDits {14 11¥ts az¥J 4 imjngalows) with 10 • UDi £701,198 and w&s fiuthl in part by grants of £150.398 from Woki08bam Council. (li) 223 kn)ddon Brid8e R(wl: An Jent Wow was purch&sed in 2(XKI at a cost of £111,764 and is kt at a c)nInls1 rentsl (s¢¢ 10 fiydrtaiisl Tr ofessionalty val at £425.(KM) at 12 Jattuary 2022. From 2015 the clwity xwately identifies expmlitute on imryoVe to tl nwior line basis from the month following completiOD at the following aral rntes:. 5% Boilers 6.67% KitclKns i¢r/• Roofing 2.5% Inthe year 2024 exF[re on ilDprO 8n)Ou0 to £36.947 Q023 £17.074) which resultoj itt depreciation cbarBe of £16.937(2023 £16.036) ]sID8 from the (Jjmuiative eXplture to 31 Decemkn 2024. Vb5'1MEN'I Cost 2024 valu¢ 2023 2024 147.419 480.164 149J47 520ffj35 vestsn¢th Fund- 43(Kl.232 Accumuknion sl)atrs• Clwities Official Ethical FuDd 166.853.69 trne Units 488J23 502230 488J23 515,012 107,144 134.871 107.144 139J91 COIF ChaEitie5 Detx)sit xcount 37.649 37.649 37.649 37.649 Ittvesttt Fund. 214596.827 Irme shaK8 • 151.8(h5 178J29 166.8(h5 932 33 l 43 949469 1411897 • 10-
NOTES TO THE ACCOiTNtS FOR THE YEAR TO 31sr DECEMBER 2024 DEBTORS. fallin8d within one year Debts)rs include £666 (2023. £587) in w of arrears of resid¢ts CreditOTS fallitig within one year IrKI £184 (2023 . £624) in of PROVISIONS FOR LiABILfiiES 2fJ23 2024 Unbilled gas charges by SSE Fwy IAd 8,858 DESIGNATED RESERVES Batance at kginning of year Transfer fronJl(to) Revenue Reser Building FuDd 610.769 658.493 15,( 16.836 vrottv1L5Sj on mvestments Yevaiiiatson Building Furw 5.881 38.543 27,8 Balance clfwd at 3 1st Lkcemitr tttPTising Building Futbj 178.329 480.164 199210 520.635 11
NOTFSTOThE ACCOiJNfs VOR THE YEAR T031sf DECEhlBER 2W 21r13 2024 1.926J86 1.9W273 73 Surplus It} foryear Tr¥nsfert&ftom fk8ipI R¢s¢w5 Ba]ante at ¢1 of y¢ (16,836) 1gYg273 2038418 remuner forts year to31# 2023 wu£13245. 10 lTrllEIIEST RECEIVABLEAND UIIIER tNCOME Net 11Ke frrAnT23 tKJJÈkn Bridge RLwl{see li} 9526 31.(Ill 1.430 41.958 29235 37J86 INCOME FROM PROPERTY. 223 Brid&e R(*L WLKthy 11615 {4286) (IJ 6.963 13.243 (1283) (1.434) 9.526 Decoratin8 & reF•5 12 TAXATION -12-
MANAGEMENT DETAIL OF INCOME AND EXPENDrriiRE ACCOiiNT 2023 2024 SERVtCES 8.830 2555 4.061 131 2.793 4.937 138 Water charges 15,577 10.( 2,n9 16.768 17.068 3.429 3.120 3236 1283 45.904 Electiicity Cleatkin8 2,553 3.379 37,207 4.415 3fA) 403 2.650 2.354 10.182 4.450 550 1.053 5.495 P05fagq slaliow a] cl¢tVs exFLse5 Sundries 15.194 13-
EDWIN ES SMITH N958PN The Trustees, The Poorfs Land Charity. Chestnut House, 4 Tiverton Close, Woodley, Reading RG5 38E 2 May 2025 Dear Sirs. The Poor's Land Chari We have completed the audit of the above Charity for the year ended 31 December 2024 and have considered whether there were any comrnents or recommendations that we wish to make to you as a result of our audit. There are no suth comments or recommendations that we wish to make this year. You will appreciate that the main purpose of our audit is to form an opinion on the accounts as a whole and we cannot guarantee, therefore, that our audit has brought to light all the weaknesses that there may be in the Charity's accounting procedures that 3 specific investigation might have uncovered. Yours faithfully. Edwin Smith Chartered Accounta David 8a[ FCA Philip Non FCA 32 Quewhs RO1. Readuig. RGI 4AU Email". infoQeth4insmith.co.uk TeleplM)ne: 0118 958 1956 Fax. 0118 950 9602 wvM.thnsmith.co.vk