CHARITY NUMBER . 246208 SIR THOMAS CREWE'S ALMSHOUSES ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 2024 SIR THOMAS CREWE'S ALMSHOUSES YEAR ENDED 30TH JUNE 2024 CONTENTS PAGE Charity information Trustees report Statement of trustees, responsibilities Receipts and payments account Statement of assets and liabilities Notes to the accounts Independent examiner's report SIR THOMAS CREWE'S ALMSHOUSES YEAR ENDED 30TH JUNE 2024 CHARITY INFORMATION PAGE 1 Trustees Anthony Bagot-webb Rich Duncan John Vidler Caryl Billingham MBE Colin Harber Colin Waldron [Chairmanl tvicar of Brackleyl ITreasurerl Secretary to the trustees Fiona Baker PAGE 2 SIR THOMAS CREWE'S ALMSHOUSES YEAR ENDED 30TH JUNE 2024 TRUSTEES REPORT The charity was originally established by the will of Sir Thomas Crewe which was proved in London in 1634. It is registered by the Charity Commissioners and has the registration number 246208. The purpose of the charity is to administer and manage four almshouses which are situated at 82 to 88 High Street, Brackley, Northants. NN13 7DS and a further property at 11 Johnson Aventje, Brackley, Northants. NN13 6JE. Management of the charity, including the appointment of trustees, is regulated by a scheme approved and established by the Charity Commissioners on 2nd July 1957. The names of the trustees who held office during the year under review are shown on page 1. All four almshouses and the property in Johnson Avenue were occupied throughout the year with no void periods. During the year the chartty's incoming receipts totalled £31,836 {2023 - £24,254) and the charity's payments totalled £7,441 (2023 - £23,171). Receipts exceeds payments for the year by £24,395 (2023 £1,083) and the charity's monetary assets less accrued expenses at the end of the year amounted to £61,756 compared to £37,214 at the beginning of the year. The charity does not have any contingent or future liabilities. By order of the trustees 26th November 2024 Date Anthony Bagot-webb Ichaimianl PAGE 3 SIR THOMAS CREWE'S ALMSHOUSES YEAR ENDED 30TH JUNE 2024 STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees are responsible for preparing the annual report and accounts in accordance with applicable law and United Kingdom Accounting Standards. The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and *air view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing those financial statements. the trustees are required to.. select suitable accounting policies and then apply them ¢onsistently- observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent- state whether applicable accounting slandards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements.. and prepare the financial statements on the going concern basis unless it is inappfopriale to presume that the charity will continue in operalional existence. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 1993 and the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. SIR THOMAS CREWE'S ALMSHOUSES YEAR ENDED 30TH JUNE 2024 RECEIPTS AND PAYMENTS ACCOUNT PAGE 4 2024 2023 INCOMING RECEIPTS Maintenance and heating contributions from residents Interest received on General Fund deposits Inlerest received on Cyclical maintenan￿ Fund deposits. 30947.00 834.70 55.26 31,836.96 23.807.00 419.98 27.80 24,254.78 PAYMENTS Expenses of running the charity and almshouses Healing Repairs and maintenance Grass keep and mainteance Insurance National Almshouses Association subscription Council tax Bank charges Professional fees Secretarial fees Sundry expenses 1505.62 3159.83 425.00 1048.39 267.00 0.00 0.00 220.00 600.00 215.94 7,441.78 1,975.50 17,779.50 400.00 966.03 153.00 815.20 25.00 0.00 975.00 81.75 23,170.98 NET RECEIPTS I FOR THE YEAR 24,395.18 1,083.80 Transfer from National Association of Almshouses Common Investment Fund 0.00 170,000.00 Purchase of 11 Johnson Avenue, Brackley -198.935.70 CASH AND BANK BALANCES BROUGHT FORWARD 36.185.30 64.037.20 CASH AND BANK BALANCES CARRIED FORWARD 60.580.48 36.185.30 SIR THOMAS CREWE'S ALMSHOUSES YEAR ENDED 30TH JUNE 2024 STATEMENT OF ASSETS AND LIABILITIES AS AT 30TH JUNE 2024 PAGE 5 2024 2023 MONETARY ASSETS Current account with Barclays Bank Deposits with COIF Charities Deposit Fund General Cyclical Maintenance Fund 42390.07 18,884.85 17060.74 16,226.04 1129.67 1,074.41 60,580.48 36,185.30 Rent arrears Prepayments 128.00 1048.39 0.00 1,028.81 61.756.87 37.214.11 LIABILITIES Accrued expenses 0.00 o.oo 61.756.87 37,214.11 NON-MONETARY ASSETS Four Restored Almshouses and property at Johnson Avenue which were insured for £1,283,110 as at 30th June 2024. 917.773 National Associalion of Almshouses Common Investment Fur3d accumulated shares. These accounts were approved for issue by the trustees on 26th November 2024. Anthony Bagot-webb Ichairmanl John Vidler Ilreasurer] PAGE 6 SIR THOMAS CREWE'S ALMSHOUSES YEAR ENDED 30TH JUNE 2024 NOTES TO THE ACCOUNTS 1.ACCOUNTING BASIS These accounts have been prepared to comply with the Statement of Recommended Practice "Accounting by Charities" issued by the Charity Commissioners, so far as it applies to smaller charities. 2.INVESTMENTS 917.773 National Association of Almshouses Common Investment Fund a¢¢umulation shares. The market value of each share as at 30th June 2024 was £118.5881 giving a gross realisable value of £108,837. The market value of each share as at 30th June 2023 was £106.3369 giving a gross realisable value of £97,593. 3.MAINTENANCE AND HEATING CONTRIBUTIONS 2024 2023 Received in the year (including any arrears from the previous year) 82 High Street 84 High Street 86 High Street 88 High Street 11 Johnson Avenue 6,248 6,285 5,512 5,576 7.328 5,712 6,179 5,224 5.192 1,500 30,947 23.807 Independent Examiner's report on the accounts of Sir Thomas Crewe's Almshouses (Charity Number 246208) for the year ended 30 June 2024 I report to the trustees on my examination of the accounts of the above charity ("the Trust") for the year ended 30 June 2024. As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examinatiorj, I have followed all the applicable Directions given by the Charity Commission under section 145(5){b) of theAct. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: the accounting records were not kept in accordance with section 130 of the Charities Act; or the accounts did not accord with the accounting records., or the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination. I have no concerns and havecome across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Victoria Balderstone ACA Date: 30 December 2024 17 Carleton Meadows, Penrith. CA118UR Professional Body: Institute of Chartered Accountants in England and Wales (ICAEW) ICAEW Number: 6747322 Address: