FINCHFIELD TRUST (CHARITY NUMBER 246572) ANNUAL REPORT & AccouKrs YEAR ENDED 31 MARCH 2024
Fihfitid mln Charlty R•ghl•rod Numb•r 246572 Charity's prlnclpal addr•ss R(>thford District CwrHSI Cnd1 Offices Swth Street Rochford Essex SS4 18W Tru•t••s
Mr EdmurKI Dray Mr Mike Da¥l8S The Chatrman of Rochford Dlstrict Cwndl The Vice Chaimian of Rochfixd District C1 The Chaknian of Rayl6ygh C{nI)I
Firthfidd Buwlows The tsu8tee8 wes•nt report alwJ the finandal stateMS of the drity for Ihe year 31 March 2024. The flnandal statemwlts have be8n epared In acL7)rdance with lh6 aOUnt1 pollcles set out on page 7 aThJ o)mply wilh awl1¢ab law. Charlty• Tru•ts Flnchfleld bJngakMry (x)mpri88 d 8 x 1 brooM and 4 x 2 bedroffii Ingal i111 in 1954 followSng a of land aThJ m(w by Mr TW and Mrs EJ Seed. The Trust DegJ w88 execxrt&l on 23rd Decembor 1955 undw the Cornm¢ ¥881 of The Charlty Commi88ion England & Wal88. The bungalchvs are iy•med by Rothford DistriGt Coun(a, and are held In tru•l. The proJ8¢1 wa8 o)mpleted and offi¢lalty openeAI In 1958. The Tru8t has an eannark•J reser to lund plann firture work8 on th0 bungalows. The re8eNe 1$ ojftyforthS Identifiwj ovw the next 10 yaws. Trust•• S•l•¢tlon PA•thod Thé trust18 managed by the Board of Trustees, whith (xTh18ts of nol1888 Ihan )Ivo sd•ct•d by ncnlnalth. Actfvlil•• and A¢hl•v•m•nt• The bungalows provide attcffimodatlon for the aged over 65 years of Ral9h and are muth sought after. Four Tru098 detmIne the Oici68 for the lettlng of these prop8rt188. Rod)ford D18tr1¢t C1JdI o*ns WKI Is tho C8)dIan tru8198 of the tru8l ¢xeaied In 1955. Flnchfi8ld 8ungakxs wrely Ilnanwl frcxn rents receIv. The Charity does not rety on voluntary help or any gffts In klnd to financo its purp08e. Pag8 3
FIhfield Bwy]ows D•clarnllon I dedare. kn rny capaaty of thartty truslee that the trustees have approved report above. Chaknman Rod)lord Distrkl cTh Slgned............ ce Chalrnian Rochford Distri Cnd1 Skjned.......... Dated...........kn.l..11..J.zo2.*............ Chalrnn Rayleigh Town c(dI Mr Edmund Dray Mr Mike Davies Signed.......... 21 JaThJwy 2025
Fihfie1d Bwyi •ndltur• Ac¢ •nd•d 31" March 202 2022123 2923124 68J88 60.782 10.052 74297 Tothi Jno)m¢ Expemdlture 32.345 145.8 2.601 io. 10,625 3.? 8J89 4,Ci)8 420 & A1¢ Fo 38 ' Medini Cwti 6.841 61.623 Trtal Exkd1IU1e 179317 (D¢fi¢it) I SWpI the >Mr
lanc• Sh••t •t March 2024 Flx¢d Amets kllr 2.0. 2,W),(XXI 274.786 144,924 1.483 Current LI11 31.409 Net e¥rrtA¢ Amets Ftsan¢¢d By: 117,8e6 1YJ.540 115.7CKI 12.674 491.4CKI 2,J)8,601 Funre Works Fund {O•fvJlYSuiF4u8 ts tho 115.700 {108,4831 491.4(Kl 2,J18,eA)1
Fitthfield Bwylows Ba•h of ACCIn11n9 These accx)unts have been prep3r&J in a(wdan( vAlh AntIre and ReFK)rtlng by Charilies - Ststement of Re(yJnmenj Practice (SORP FRS 102) and the Chartlles Act 2011. R•lat•d Party Transactlon• There vme rn payTnenis made to Ihe trustees for r&nunw3tk, oul of pod(et expenses w any other beIrrts. M•nag•m•nt F•• The r88ponsiblllty of managlw Ihe Flndffield Prwd8s moved to Rochfcrd Dlstrici thndl on 1•1 Aprll 2012. F)lSIY respoMlbilty had wlth Flx•d A•Mts Propertles b88n valued the bgsis of se1n9 8 be(troom and a bedroom bungal¥ (both Flnthfiekl Fxopertl8s). The8e values are then aPpld to the toial numb8r of rmopwues. Wilke8 Head & Eves (Membws of th• Royal In8tllute ol Chartered survey3) (Mrt tho valuatlon& R•valu•tlon R•s•rv• The revaluation res¥0 r8pr8sents the balance of the surplu888 or def3 an9 on the revaluakn Offed assats. Bulldings are fe-valuj at least evwy fv• years In accorllance wtth the Royal Instltute of Chartered SuNeyor'8 'Manual of Valuation Guid8nce Notgs,. The FSnchfiekl Bungalows were inded In th8 valuations prov by Wllk88 Head & Eve as at 1 Aprll 2019. A tharge of £1,440 waB In¢urreAI In 2019r20 the lMInIStr81th of thls revaluatlon exerclse. The next revaluatk)n Is due 2024r25. (l•cl•ratlon8 suffit resrn are held In an approprSate forni to anable th8 fund to be appl11 in a¢cAxdan wlth the restrkJJMs IMsed. In the case of Finthfield, th8 Trustees must ensure Ihe bxopwb'es are managod and maIntawd and tr1 thtre guliatAe fuThJs to all Ihls. Th• trustees have not Cknang the year th)d date cff th• kngth of the charlty'8 Ilnandal year. The tharity does Th)t have any designated fvnds but fi81 to use a substantial anK)unt for works over the next ten years. Anticipated £17.500 per property for one or two void propert. £80.71)O for rcemwit w1nd(yS and doors for all bungaiows. All Ihe tharftles ¢weraticm3 are dlso)ntlNed owatiMs. The carlty has no intaTrJibl8 8886ts. The cknrlty has no materlal fix&1 a88ets whiL* have not be pItalIsed included on the balance sheet. Pap7
FINCHFIELD TRUST (CHARITY NUMBER 246572) ANNUAL REPORT & AccouKrs YEAR ENDED 31 MARCH 2024
Fihfitid mln Charlty R•ghl•rod Numb•r 246572 Charity's prlnclpal addr•ss R(>thford District CwrHSI Cnd1 Offices Swth Street Rochford Essex SS4 18W Tru•t••s
Mr EdmurKI Dray Mr Mike Da¥l8S The Chatrman of Rochford Dlstrict Cwndl The Vice Chaimian of Rochfixd District C1 The Chaknian of Rayl6ygh C{nI)I
Firthfidd Buwlows The tsu8tee8 wes•nt report alwJ the finandal stateMS of the drity for Ihe year 31 March 2024. The flnandal statemwlts have be8n epared In acL7)rdance with lh6 aOUnt1 pollcles set out on page 7 aThJ o)mply wilh awl1¢ab law. Charlty• Tru•ts Flnchfleld bJngakMry (x)mpri88 d 8 x 1 brooM and 4 x 2 bedroffii Ingal i111 in 1954 followSng a of land aThJ m(w by Mr TW and Mrs EJ Seed. The Trust DegJ w88 execxrt&l on 23rd Decembor 1955 undw the Cornm¢ ¥881 of The Charlty Commi88ion England & Wal88. The bungalchvs are iy•med by Rothford DistriGt Coun(a, and are held In tru•l. The proJ8¢1 wa8 o)mpleted and offi¢lalty openeAI In 1958. The Tru8t has an eannark•J reser to lund plann firture work8 on th0 bungalows. The re8eNe 1$ ojftyforthS Identifiwj ovw the next 10 yaws. Trust•• S•l•¢tlon PA•thod Thé trust18 managed by the Board of Trustees, whith (xTh18ts of nol1888 Ihan )Ivo sd•ct•d by ncnlnalth. Actfvlil•• and A¢hl•v•m•nt• The bungalows provide attcffimodatlon for the aged over 65 years of Ral9h and are muth sought after. Four Tru098 detmIne the Oici68 for the lettlng of these prop8rt188. Rod)ford D18tr1¢t C1JdI o*ns WKI Is tho C8)dIan tru8198 of the tru8l ¢xeaied In 1955. Flnchfi8ld 8ungakxs wrely Ilnanwl frcxn rents receIv. The Charity does not rety on voluntary help or any gffts In klnd to financo its purp08e. Pag8 3
FIhfield Bwy]ows D•clarnllon I dedare. kn rny capaaty of thartty truslee that the trustees have approved report above. Chaknman Rod)lord Distrkl cTh Slgned............ ce Chalrnian Rochford Distri Cnd1 Skjned.......... Dated...........kn.l..11..J.zo2.*............ Chalrnn Rayleigh Town c(dI Mr Edmund Dray Mr Mike Davies Signed.......... 21 JaThJwy 2025
Fihfie1d Bwyi •ndltur• Ac¢ •nd•d 31" March 202 2022123 2923124 68J88 60.782 10.052 74297 Tothi Jno)m¢ Expemdlture 32.345 145.8 2.601 io. 10,625 3.? 8J89 4,Ci)8 420 & A1¢ Fo 38 ' Medini Cwti 6.841 61.623 Trtal Exkd1IU1e 179317 (D¢fi¢it) I SWpI the >Mr
lanc• Sh••t •t March 2024 Flx¢d Amets kllr 2.0. 2,W),(XXI 274.786 144,924 1.483 Current LI11 31.409 Net e¥rrtA¢ Amets Ftsan¢¢d By: 117,8e6 1YJ.540 115.7CKI 12.674 491.4CKI 2,J)8,601 Funre Works Fund {O•fvJlYSuiF4u8 ts tho 115.700 {108,4831 491.4(Kl 2,J18,eA)1
Fitthfield Bwylows Ba•h of ACCIn11n9 These accx)unts have been prep3r&J in a(wdan( vAlh AntIre and ReFK)rtlng by Charilies - Ststement of Re(yJnmenj Practice (SORP FRS 102) and the Chartlles Act 2011. R•lat•d Party Transactlon• There vme rn payTnenis made to Ihe trustees for r&nunw3tk, oul of pod(et expenses w any other beIrrts. M•nag•m•nt F•• The r88ponsiblllty of managlw Ihe Flndffield Prwd8s moved to Rochfcrd Dlstrici thndl on 1•1 Aprll 2012. F)lSIY respoMlbilty had wlth Flx•d A•Mts Propertles b88n valued the bgsis of se1n9 8 be(troom and a bedroom bungal¥ (both Flnthfiekl Fxopertl8s). The8e values are then aPpld to the toial numb8r of rmopwues. Wilke8 Head & Eves (Membws of th• Royal In8tllute ol Chartered survey3) (Mrt tho valuatlon& R•valu•tlon R•s•rv• The revaluation res¥0 r8pr8sents the balance of the surplu888 or def3 an9 on the revaluakn Offed assats. Bulldings are fe-valuj at least evwy fv• years In accorllance wtth the Royal Instltute of Chartered SuNeyor'8 'Manual of Valuation Guid8nce Notgs,. The FSnchfiekl Bungalows were inded In th8 valuations prov by Wllk88 Head & Eve as at 1 Aprll 2019. A tharge of £1,440 waB In¢urreAI In 2019r20 the lMInIStr81th of thls revaluatlon exerclse. The next revaluatk)n Is due 2024r25. (l•cl•ratlon8 suffit resrn are held In an approprSate forni to anable th8 fund to be appl11 in a¢cAxdan wlth the restrkJJMs IMsed. In the case of Finthfield, th8 Trustees must ensure Ihe bxopwb'es are managod and maIntawd and tr1 thtre guliatAe fuThJs to all Ihls. Th• trustees have not Cknang the year th)d date cff th• kngth of the charlty'8 Ilnandal year. The tharity does Th)t have any designated fvnds but fi81 to use a substantial anK)unt for works over the next ten years. Anticipated £17.500 per property for one or two void propert. £80.71)O for rcemwit w1nd(yS and doors for all bungaiows. All Ihe tharftles ¢weraticm3 are dlso)ntlNed owatiMs. The carlty has no intaTrJibl8 8886ts. The cknrlty has no materlal fix&1 a88ets whiL* have not be pItalIsed included on the balance sheet. Pap7
Memo
To: Finchfield Trustees From: Corporate Manager (Accounts and Assurance) Date: 11 November 2024
Ref: Finchfield Trust
Finchfield Trust – Charity No. 246572
The Annual Report & Accounts year ended 31[st] March 2024 for the Finchfield Trust have been examined and reviewed. Based on the information provided with these accounts there are no matters of concern and I find them to be a true reflection of the records kept.
Carrie Cox CPFA Rochford District Council