FINCHFIELD TRUST
(CHARITY NUMBER 246572)
ANNUAL REPORT & AccouKrs
YEAR ENDED 31 MARCH 2024

Fi￿hfitid
mln
Charlty R•ghl•rod Numb•r
246572
Charity's prlnclpal addr•ss
R(>thford District CwrHSI
C￿nd1 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 C￿￿1
> The Chaknian of Rayl6ygh C{￿nI)I

Firthfidd Buwlows
The tsu8tee8 wes•nt report alwJ the finandal stateM￿S of the
d￿rity for Ihe year 31 March 2024. The flnandal statemwlts have be8n
epared In acL7)rdance with lh6 a￿OUnt1￿ pollcles set out on page 7 aThJ
o)mply wilh awl1¢ab￿ law.
Charlty• Tru•ts
Flnchfleld bJngakMry (x)mpri88 d 8 x 1 b￿rooM and 4 x 2 bedroffii I￿ngal
i￿111 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$ ojf￿tyfor￿thS 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 nc*nlnalth.
Actfvlil•• and A¢hl•v•m•nt•
The bungalows provide attcffimodatlon for the aged over 65 years of Ra￿l9h
and are muth sought after. Four Tru*098 det￿mIne the Oici68 for the lettlng
of these prop8rt188.
Rod)ford D18tr1¢t C1J￿dI o*ns WKI Is tho C￿8￿)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

FI￿hfield Bwy]ows
D•clarnllon
I dedare. kn rny capaaty of thartty truslee that the trustees have approved
report above.
Chaknman
Rod)lord Distrkl c￿Th
Slgned............
ce Chalrnian
Rochford Distri￿ C￿nd1
Skjned..........
Dated...........kn.l..11..J.zo2.*............
Chalrn￿n
Rayleigh Town c(￿dI
Mr Edmund Dray
Mr Mike Davies
Signed..........
21 JaThJwy 2025

Fi￿hfie1d 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
& A￿1¢ Fo
38
' Medini Cwti
6.841
61.623
Trtal Exk￿d1IU1e
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 LI￿11￿
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 ACCI￿n11n9
These accx)unts have been prep3r&J in a(wdan(* vAlh A￿ntIre and
ReFK)rtlng by Charilies - Ststement of Re(yJnmen￿j 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 beI￿rrts.
M•nag•m•nt F••
The r88ponsiblllty of managlw Ihe Flndffield Prwd8s moved to Rochfcrd
Dlstrici thndl on 1•1 Aprll 2012. F)￿l￿SIY respoMlbilty had wlth
Flx•d A•Mts
Propertles b88n valued ￿ the bgsis of se1￿￿n9 8 be(troom and a
bedroom bungal￿¥ (both Flnthfiekl Fxopertl8s). The8e values are then
aPpl￿d to the toial numb8r of rmopwues. Wilke8 Head & Eves (Membws of th•
Royal In8tllute ol Chartered survey￿3) (Mrt tho valuatlon&
R•valu•tlon R•s•rv•
The revaluation res￿¥0 r8pr8sents the balance of the surplu888 or def￿￿3
a￿￿n9 on the revaluakn Off￿ed assats. Bulldings are fe-valu￿j at least evwy
fv• years In accorllance wtth the Royal Instltute of Chartered SuNeyor'8
'Manual of Valuation Guid8nce Notgs,. The FSnchfiekl Bungalows were ind￿ed
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
suffi￿￿t res￿rn are held In an approprSate forni to anable th8 fund to be
appl1￿1 in a¢cAxdan￿ wlth the restrkJJMs IM￿sed. In the case of Finthfield,
th8 Trustees must ensure Ihe bxopwb'es are managod and maIntaw￿d and tr￿1
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 fi8￿1 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 r*cemwit w1nd(y￿S and
doors for all bungaiows.
All Ihe tharftles ¢weraticm3 are dlso)ntlNed owatiMs.
The c*arlty 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

Fi￿hfitid
mln
Charlty R•ghl•rod Numb•r
246572
Charity's prlnclpal addr•ss
R(>thford District CwrHSI
C￿nd1 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 C￿￿1
> The Chaknian of Rayl6ygh C{￿nI)I

Firthfidd Buwlows
The tsu8tee8 wes•nt report alwJ the finandal stateM￿S of the
d￿rity for Ihe year 31 March 2024. The flnandal statemwlts have be8n
epared In acL7)rdance with lh6 a￿OUnt1￿ pollcles set out on page 7 aThJ
o)mply wilh awl1¢ab￿ law.
Charlty• Tru•ts
Flnchfleld bJngakMry (x)mpri88 d 8 x 1 b￿rooM and 4 x 2 bedroffii I￿ngal
i￿111 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$ ojf￿tyfor￿thS 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 nc*nlnalth.
Actfvlil•• and A¢hl•v•m•nt•
The bungalows provide attcffimodatlon for the aged over 65 years of Ra￿l9h
and are muth sought after. Four Tru*098 det￿mIne the Oici68 for the lettlng
of these prop8rt188.
Rod)ford D18tr1¢t C1J￿dI o*ns WKI Is tho C￿8￿)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

FI￿hfield Bwy]ows
D•clarnllon
I dedare. kn rny capaaty of thartty truslee that the trustees have approved
report above.
Chaknman
Rod)lord Distrkl c￿Th
Slgned............
ce Chalrnian
Rochford Distri￿ C￿nd1
Skjned..........
Dated...........kn.l..11..J.zo2.*............
Chalrn￿n
Rayleigh Town c(￿dI
Mr Edmund Dray
Mr Mike Davies
Signed..........
21 JaThJwy 2025

Fi￿hfie1d 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
& A￿1¢ Fo
38
' Medini Cwti
6.841
61.623
Trtal Exk￿d1IU1e
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 LI￿11￿
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 ACCI￿n11n9
These accx)unts have been prep3r&J in a(wdan(* vAlh A￿ntIre and
ReFK)rtlng by Charilies - Ststement of Re(yJnmen￿j 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 beI￿rrts.
M•nag•m•nt F••
The r88ponsiblllty of managlw Ihe Flndffield Prwd8s moved to Rochfcrd
Dlstrici thndl on 1•1 Aprll 2012. F)￿l￿SIY respoMlbilty had wlth
Flx•d A•Mts
Propertles b88n valued ￿ the bgsis of se1￿￿n9 8 be(troom and a
bedroom bungal￿¥ (both Flnthfiekl Fxopertl8s). The8e values are then
aPpl￿d to the toial numb8r of rmopwues. Wilke8 Head & Eves (Membws of th•
Royal In8tllute ol Chartered survey￿3) (Mrt tho valuatlon&
R•valu•tlon R•s•rv•
The revaluation res￿¥0 r8pr8sents the balance of the surplu888 or def￿￿3
a￿￿n9 on the revaluakn Off￿ed assats. Bulldings are fe-valu￿j at least evwy
fv• years In accorllance wtth the Royal Instltute of Chartered SuNeyor'8
'Manual of Valuation Guid8nce Notgs,. The FSnchfiekl Bungalows were ind￿ed
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
suffi￿￿t res￿rn are held In an approprSate forni to anable th8 fund to be
appl1￿1 in a¢cAxdan￿ wlth the restrkJJMs IM￿sed. In the case of Finthfield,
th8 Trustees must ensure Ihe bxopwb'es are managod and maIntaw￿d and tr￿1
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 fi8￿1 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 r*cemwit w1nd(y￿S and
doors for all bungaiows.
All Ihe tharftles ¢weraticm3 are dlso)ntlNed owatiMs.
The c*arlty 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