THE LirrLE HOUGHTON CHARITY Little Houghton in the County of West Northamptonshire FINANCIAL STATEMENTS for the year ended 31 December 2024 Charity No 243452 LH Charity 2024 THE L[￿LE HOUGHTON CHARtTY Financial Statementsfor the year ended 31 December 2024 Legal and Administrative details Charity Registration number 243452 Address 48 Bedford Road Northampton NN7 IAB Trustees Colin Edward Stanton Maurice John Ford Bankers Natwest Bank plc 41 Drapery Northampton NNI 2EY CCiA Investment Management Limited One Angel Lane London EOIR 3AB Investment Advlsers Brewln Dolphln 12 Smithfield Street London ECIA 9BD Sollcltors hcrlaw Elgin House Billing Road Northampton NNI SAU Independent Examiner GMBMoser Chartered Accountant Badby DavÈntry Northampton5hire NNII 3AN LH Charlty ieEa12024 THE LITfLE HOUGHTON CHARITY Financial Ststementsforthe year ended 31 De*mber 2024 Report of the trustees The trustses present thelr report with financial statements for the year ended 31 December 2024. Structurei governance and management The Little Houghton Charity I'the Chariv) was e5tsblished for charitsble purposes by a Scheme dated 4 May 2004 to govem charities previously known as111 Little Houghton Town Estates Charity {21 Little Houghton Charity and131 Little Houghton Church Land and Little Houghton Church Cottages. Trustees The present membershlp of the goveming body is set out on page l. The trustees are appointed under the Scheme and subject to spotrfic exclusions, trustees are appointed for Ilfe. Risk assessment The trustees have assessed any risks to whlch the Charlty may be exposed, and conclude that they are of rnlnlmal, If any• slgnlflcance. No Rrsk policy has therefore been wrltten. Objectlves and activities In accordance with the Scheme the Charl￿S principal objective is to hold a55ets Bnd Incorne therefrom for the purp05e5 of the Charity namely for the provision of houslng accommodation, for the rellef of persons rÈsidÉnt in the area of beneflt who are In need, hèrdship or di5tres5, and for the repèlr and rnolntenance of the Church of St Mary the Vlrgln In the parlsh of Little Houghton in the County of West Northamptonshire and the Diocese Of Peterborough, together wlth its goods and ornaments and its churchyard. The role of the trustees is to hold the funds of the Charity and to apply the Income therefrom for the benefit of indNiduals and the parish church. Achlevements and performance The trustees maintaln their policy of provldlng accommodatlon for ellglble persons, for the help of those in need, and for the purposes of the Church of St Mary the Vlrgln. Llttle Houghton. The maln works during the year related to the re-roaflng of the four cottages. Assets The freehold property Wa5 professlonally revalued on 31 December 2019. The valuatlon for the land has been estimated at a figure reflecting recent Sale transactlons for small parcels of agricultural land in Northamptonshlre. Investment policy and financlal revlew rhe trustees continued to ensure that a reasonable level of Incorne was achleved In order to malntaln properties in a good state of repair and to further the objects of the Charlty. Reserves policy All of the fund5 of the Charity are restrirted and therefore there are no'free, reserve5. Publlc benefit In accordance wlth its constitution the Charity provldes housing accommodatlon and funds for the a5sistsnce of those In need. and for the Maintenan￿ of the parlsh church. Trustees, responsibilitie5 and financlal statements The trustees are responslble for maintsining proper accountinE records; for preparlng annual fInancial statements. for safeguarding the a55ets of the Charlty and for taklng reasonable steps for the prevention and detection of fraud or other Irregularltles. ON BEHALF OFTHETRUSTEE Dated 29 dayof 2025 Trustee Tr ee LH Chath Report2W24 THE LIThLE HOUGHTON CHARrrY Flnantial statementsforthe year ended 31 December 2024 PRINCIPAL ACCOUNTING POLICIES Basis of preparatlon The flnancial ststements have been prepared followlng the recommendation5 in the Ststement of Recommended Prdttice". accounting ond Reportin8 by Charlties ISORPI 2015. The accrual basis of arcountln8 ts used for preparation of the accounts. Securitiès are ststed at market value; and land and property Is valued as Indicatsd in the Report of the trustee5. The prlnclpaluccountlngpolr¢ie5 of the Churityremained unchangedlrom the previous yearondareset out below. Income Income is recognised when re￿[vable. Dlvldends and Interest on Shareholdings All Income is re-invested. Expenditure Expendlture is recognlsed on an accruals basls. Fund accounting The income fundls restricted and Is used for the specific purposes as laid down in the Charfity Scheme. Expendlture for those purposes Is charged to the fund. LH Chafty Policles 2024 THE LIThLE HOUGHTON CHARITY Financial Statements for the year ended 31 December 2024 REPORT of the Independent Examiner to the trustees I report on the financlal statements of the Little Houghton Charity for the year ended 31 December 202 which are set out on pages 5, 6 and 7. My report is made in accordance with the regulations made by the Charities Act 2011. Under that Act. the trustees are of the opinion that a full audit is not required. Basis of Independent Examlnels Report My examination was carried out in accordance with the general directlons given by the Charity Commission. That examination included a review of the accounting records kept by the charity and a comparison of the financial statements presented wlth those records. The procedures undertaken did not provide all the evidence that would be required in an audlt and consequently I give no opinion as to whether the financial statements present a 'true and fairf view and the report is limited to those matters set out in the statement below. Independent Examinerfs statement In connectlon with my examination, no matter has come to my attention: which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with the said Act and to prepare statements whlch accord with the accounting records and comply with the accountlng requirements of the Act: have not been met. or to which, in my opinlon, attention should be drawn in order to enable a proper understanding of the financial statement5 to be reached. G M B Moser FCA Independent Examiner Badby, Daventry Northamptonshire 2025 LH Charftylndep- Report 2024 THE LITfLE HOU6HTON CHARttY Financial Statemonts forthe yÈ3r ended 31 Decernber 2024 Balance Sheet at 31 December 2024 Note 2024 2023 Fixed Assets Land and property 784,QOO 784,000 784 000 Current Assets Natwest Bank current account CCLA Fund Deposit Brewln Dolphin Securltie5 44.76 units CCLA Accumulatlon units Payments in advance: Insurance 18,594 2,417 158,936 11,665 1,887 45.393 2,299 141,742 ii,ioo 1,844 193,499 202,378 £ 193,499 202,378 Deduct creditors -316 Total Net Current Assets at 31 December 2024 £193 499 02. TOTAL NET ASSETS at 31 December2024 £977 499 £986.062 REPRESENTED BY: Endowment Funds Income Funds.. Restrlcted Funds 784,000 784,000 202 062 £ 977 499 The flnanc5al statements were approved by the Trustees on 2025 C E Stsnton Trustee MJFord Trustee The accomponying uccountingpolicles andnotesfomi on integrolpart Of theseflnonclalstutements iH Chprlty BS 2024 THE LirrLE HOUGHTON CHARITY Financial Statementsfor thÈ yÈar ended 31 De￿rnber 2024 Statement of Financial Activitles GENERAL INCOME & EXPENDITURE ACCOUNT 2024 2023 Rents . Cottages Land COIF depostt interest Brewln Dolphin divldends 28030 720 118 3,740 25,642 720 96 3.262 Total income £33408 £29720 enditure GeneTrl repalrs and renewals Property Insurance Managementlre-lettlng fees: Greener Rentsls Management foes: Brewin Dolphln SoclallPastoral Council tsx Re-roofing cottages Repairs to boundary wall Grant: for Church Vicars, board 3,554 7,766 1,530 2.904 1,606 640 296 L512 477 45,174 1,488 518 Total ExpendiLure 57,501 14,742 Net expenditure over Income for the year £-24 093 FUNDS Restricted . Income Balance brought fonvard Net expenditure forthe year/net income Unrealized Gain on Investments 202.062 -24,093 15,530 184,143 14,978 2,941 Balance carried forward 193,499 202.062 Endowment Balance brought forward: Property Land 730,000 730,000 784 000 784 000 Total Fund5 at 31 December 2024 All Income and expenditure derfves from contlnulnB actlvitles The occomponying accountlng policies Gndnote5fvrm t7n Integralpurt of thesefinuncialstatements LH Ch8rlty I&E 2024 THE LI￿LE HOUGHTON CHARITY Financlal statements forthe year ended ai December 2024 Notes to the financial statements l Fixed Assets . Land and property The fixed assets comprlse: 11) 7.9.11 and is Meadow Lane, Little Houghton, together with gardens thereto 8.288 acos or thereabout of agricultural land situated off the Bedford Road, Little Houghton, and commonly known a5'Sand¢s allotment,. Basis for Valuatlons: 111 The properties- professlonal valuatlon on 31 Decomber 2019 at Freehold with Vacant Possession.. £730,000 12) The land- by the trustees based on average current salÈ prices for small parcels in Northamptonshlre at £6,500 per acre: £54.000. Values are periodically reviewed and compared with current land price5. 2 Endowment Funds The Endowment Fund comprfses historlc bequests and assets, the earllest of which dates from 1653. which are held to provide income In perpetuity for the furtherance of the fru5Vs objertlves. Restricted Funds 01.01.2024 INCOME EXPENDITURE 31.12.2024 Endowment 784,000 784,000 Income and Investments/Galns 193 409 £986 062 £48 938 £977 Capital commitments There were no capital commltments at 31 December 2024 (2023 NIL) Creditors and contingent liabllltles There were no creditors or contlncent Ilabllities at 31 December 202412023 NIL) LH a4ARITY Notes 2024