REGISTERED CHARITY NUMBER: 252168 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR CHARITY OF JOHN TOWNSON & JOHN WARD
CHARITY OF JOHN TOWNSON & JOHN WARD CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Page Report of the Trustees Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9 to 17 Dgtailgd Statgment of Financial Activities 18 to 19
CHARITY OF JOHN TOWNSON & JOHN WARD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191. OBJECTIVES AND ACTIVITIES Objectives and aims The first obligation of the Trustees is to meet the outgoings and repair and maintain the homes. Up to one third of any remaining income may be distributed as grants for the advancement of education. The balance may be applied for relief of "those in need" among the residents. Any residue may be used for the general benefit of parish inh8bilanls. Land and Buildings In addition lo the community centre and bungalows at Townson Close, the Charity owns the playing field within the village, 23.9 acres of land at Old Poors Gorse and 1 acre on the edge of the village known as Widows Mite. The Charity surrendered the lease of the small playground in Charles Close from Davenlry District Council in September 2013. The charity purchased what is known as Cleavers field for the benefit of the village in March 2024. Public benefit The Trustees have had regard lo the Charity Commissions guidance on public benefit and believe that the objectives and aims above further the charity's purposes for the public benefit. Page 1
CHARITY OF JOHN TOWNSON & JOHN WARD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 ACHIEVEMENT AND PERFORMANCE Chaimian's Annual Report The village of Old is very fortunate to have such a great charity. served by a team of dedicated volunteer trustees, and SUPFK)rted by Dawn Jerman as Clerk and by Louise Dawson as Housekeeper. In 2024 we welcomed Elaine Chilton as a new trustee. The trust deed of 1668 states that the charity is 'For the benefit of the poor residents of Old and for the advancement of education for the children of the poor residents of Old., Today we interpret that as being for residents of Old who are in need by reason of financi81 hardship or other disadvantage, as well as offering gmnls towards educational opportunities. Our trust deed also allows for the support of charitable purposes that are for the general benefit the residents of Old. Investments Our investments are managed through Quilter Cheviol from whom we benefit from regular advice and an annual meeting and update. In March 2024 we liquidated some of our investments lo complete the purchase of Cleaver's Field, betr4een Old and Cherry Hill. This purchase is an investment for the Charities as well as providing a resource for the residents of both communities. Plans for this include supporting Conservation and biodiversity, as well as a place for recreation and picnics. With the help of volunteers we have begun to establish a community orchard and, with the support of the parish council, are sowing wild flowers in the grass verge. Maintenance of Property The Iruslees have continued to maintain our six almshouses as well as the Community Centre, flat, allotments, cricket field, Old Poor's Gorse and, more recently, Cleaver's Field. Wort( on the almshouses, apart for general maintenance and gardening, has included replacement of the guttering and the repair and painting of the facias. We have also begun a project lo create a regular programme for updating carpels. Curtains and white goods in the bungalows. Advancement of Education We have advertised locally our ability to SLJPPOrt the advancement education and in 2024 we supported six educational grant applications. Relief in Need The Charities have continued to support the residents of our almshouses both pastorally and financially as appropriate. There was no change in tenancies during the year. In 2024 the Charities supported one grant applications relating to relief in need. We also supported a number of applications for help with transport costs for medical appointments as well as facilitating lifts for residents who needed them. Communlty Support The Community Centre is a much-used resource for the residents of Old and Cherry Hill, with regular events including coffee mornings, monthly meals. fish and chip lunches, breakfast club, aftemoon teas and a Christmas meal. It is now open 7 days a week, for all lo enjoy thanks lo the Wami spaces grant received from West Northamptonshire County Council. The Community Centre has also been used as a venue for many village groups and activities including cottage ConrtS, birthday parties, wakes and remembrance day refreshments. It has also been used as a warm spa, for villagers during the winter months. Page 2
CHARITY OF JOHN TOWNSON & JOHN WARD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 In the wider community the Charities have continued to support the Cricket Club with a grant towards its various coaching courses, the Parish Council with a grant towards the maintenance of the children's playground and the Church with grants towards maintenance of the clock and the churchyard. We have also maintained the tennis court and supported the village's Christmas tree lights. David Bent (Chairl FINANCIAL REVIEW Financial position A surplus of £42,454 was incurred by the charity in the year. Al the reporting dale the charity had restricted reserves lotslling £57,982 and total reserves of £1,400,758. Investment policy and objectives The Investment Managers are required to maintain the value of the investments in real terms and produ an income of £30.000 p.a. or such other sums as may be agreed from time lo time. Reserves pollcy The reserves are held for the future longevity of the Charity and any future ventures that would benefit the residents of the village. There is no further reserves policy in place as the charity feels the above is sufficient for the nature of the charity. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by ils governing document, a deed of trust and constitutes an unincorporated charity. The Schemes There are four main Schemes governing the Charity. The first is dated 1 September 1897 and sets out the original aims of the Charity as 'being for the benefit of the deserving poor, resident in Old, and for the advancement of the education of the children of the poor residents of Old" These aims continue to determine the scope of the operation of the Charity bul have been re-stated and expanded in the first amending scheme, dated 25 April 1972. The second amending Scheme dated 25 May 1976 is concerned with the management of the homes in Townson Close and playing field, and makes the upkeep of the homes a priority for the Charity. The third amending Scheme dated 25 May 1976 is concerned with the criteria for selection of suilabilily for any vacant properties. Each of these amending schemes also included provisions relating lo the management of the Charity. Further amendments to the arrangements for management were made on 28 February 2000 and on 1 May 2007 to the provisions relating lo the numbers of Trustees and to the proportion of nominated and co-opted Trustees and the length of their temis of office. On 13 January 2016 a further amendment lo the arrangement for management was made, relating lo the criteria for selection of suitability for any vacant property. Recruitment and appointment of new trustees Trustees are recruited from those living in the parish or ils vicinity wf(h the aim that the body of Trustees will include a breadth of background and experience. Trustees, induction includes being given the Trust Deeds, copies of minutes and accounts. and spending lime with the Clerk lo understand the day to day operation. There are currently 9 serving Trustees. Full details are mentioned in the Chair Report. Organisational structure and Administration The Trustees mel 12 times this year. The meetings are held fa lo face. Meetings were advertised locally with residents invited to attend the Public part of each meeting so that they may raise any concerns or queries upon which the Charity may be able to comment andlor act. The Trustees were assisted in the general running of the Charity by a part time Clerk who prepared agendas, minute meetings and who dealt with the day lo day adminislralion together with any pastoral issues arising. Page 3
CHARITY OF JOHN TOWNSON & JOHN WARD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Risk management The Iruslees have a duty lo identify and review the risks to which the charity is exposed and lo ensure appropriate controls are in place lo provide reasonable assurance against fraud and error. The Trustees together with the Investment Manager review the major investment risks faced by the Charity and they believe that steps have been taken to minimise such risks. An annual review of such risks is made and professional advice is taken where appropriate. Each year a ROSPA inspection is undertaken of the tennis courts and playing field in Charles Close. The Trustees consider all recommendations made and lake such resulting action as they consider appropriate. The Charity has in place policies of insurance for the usual risks, namely for property damage to the bungalows and community cenlre, employerfs liability and cover for public and products liability. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Charlty number 252168 Principal address 5 Townson Close Old Northamptonshire NN6 9RR Trustees Patricia Barrett Co-opted January 2023 Susan Rhodes Co-opted January 2021. Reappointed January 2025 Claire Glover Co-opted January 2023 Martin Thomlon Co-opted October 2020. Reappointed January 2022 Paul Dicks Co-opted October 2020. Reappointed January 2024 Stephen Bocking Co-opted November 2020. Reappointed January 2024 Rev'd David Bent Co-opted July 2024. Appointed Chair January 2024 David Gwinn Nominated September 2022 Elaine Chilton Ex-officio Appointed July 2024 Independent Examlner Shaw Gibbs Limited Eagle House 28 Billing Road Northampton Northamptonshire NN15AJ Sollcltors David Parton Switch Law The Lakes Northampton NN4 7SH Page 4
CHARITY OF JOHN TOWNSON & JOHN WARD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 REFERENCE AND ADMINISTRATIVE DETAILS Financial Advisers Messrs Quilter Cheviol 4th Floor Bauhaus 27 Quay Street Manchester M3 3GY Clerk to the Trustees Mrs Dawn Jerman 5 Townson Close Old Northampton NN6 9RR Approved ty ord8r of th& board of truste8s on ........... .. . and slgned on Its behalf by: Re D Bent- Trus Page 5
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHARITY OF JOHN TOWNSON & JOHN WARD Independent examiner's report to th8 trustees of Charity of John Townson & John Ward I report to the charity trustees on my examination of the accounts of Charity of John Townson & John Ward (the Trusll for the year ended 31 December 2024. Responsibilities and basis of report As the charity Iruslees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'lhe Act'l. I report in respect of my examination of the Trust's accounts carried out Ljnder Section 145 of the Act and in carrying out my examination I have followed 811 applicable Directions given by the Charity Commission under Section 145151(bl of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Trust as required by Section 130 of the Act., or the accounts do not accord with those records,. or the accounts do not comply with the applicable requirements conMIng the form and content of accounts sel 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 maller considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination lo which allenlion should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. Use of our report This report is made solely to the charity's trustees, as a body, in accordan with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our independent examination work has been undertaken so that we might state lo the charity's trustees those mallers we are required lo slate to them in an independent examiner's report and for no other purpose. To the fullest exlenl permilled by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our independent examination work, for this report, or for the opinions we have formed. Nicola Fox FCA Shaw Gibbs Limited Eagle House 28 Billing Road Northampton Northamptonshire NN1 5AJ Date.'18 September 2025 Page 6
CHARITY OF JOHN TOWNSON & JOHN WARD STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 Total funds 2023 Total funds Unrestricted funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Charitable activities Provision of residents and housing 53,673 1,386 55,059 51,242 Investment income Other income 27,359 5,101 1,558 28,917 5,101 27,916 3,662 Total 86,133 2,944 89,077 82,820 EXPENDITURE ON Raising funds 7,407 7,407 7,698 Charitable activities Provision of residents and housing Advancement of education and relief of those in need 82,884 1,386 84,270 68,019 1,851 1,851 1,000 Total 92,142 1,386 93,528 76,717 Net gains on investments 46,905 46,905 69,801 NET INCOME 40,896 1,558 42,454 75,904 RECONCILIATION OF FUNDS Totsl funds brought foNard 1,301,880 56,424 1,358,304 1,282,400 TOTAL FUNDS CARRIED FORWARD 1,342,776 57,982 1,400,758 1.358,304 The notes form part of these financial statements Page 7
CHARITY OF JOHN TOWNSON & JOHN WARD BALANCE SHEET 31 DECEMBER 2024 2024 Total funds 2023 Total funds Unrestricted fLJnds Restricted funds Notes FIXED ASSETS Tangible assets Investments 12 13 407,895 910,934 407,895 968,916 207,243 1.125,742 57,982 1,318,829 57,982 1,376,811 1,332,985 CURRENT ASSETS Debtors Cash at bank and in hand 14 3,711 42,940 3,711 42,940 2,037 33,669 46,651 46,651 35,706 CREDITORS Amounts falling due within one year 122,7041 122,7041 110,3871 NET CURRENT ASSETS 23,947 23,947 25,319 TOTAL ASSETS LESS CURRENT LIABILITIES 1,342,776 57,982 1,400,758 1.358,304 NET ASSETS 1,342,776 57,982 1,400,758 1.358,304 FUNDS Unrestricted funds Reslricled funds 16 1,342,776 57,982 1,301,880 56,424 TOTAL FUNDS 1,400,758 1,358,304 The financial statements were approved by the Board of Trustees and authorised for issue on 9th September 2025 and were signed on ils behalf by.. Mr M Thomton - Trustee IArs CEA Glovor- Trustee The notes form part of these financial statements Page 8
CHARITY OF JOHN TOWNSON & JOHN WARD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 102} 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 leffeclive 1 January 20191,, Financial Reporting Standard 102 The Financial Reporting Sl8nd8rd applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modtfied by the revaluation of certain assets. The presentation81 currency of the financial statements is the Pound Sterfing (£1. Critical accounting judgements and key sources of estimation uncertainty The preparation of financial statements requires the use of certain critical accounting eslimales. It also requires management to exercise ils judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant lo the financial statements are disclosed within th8 individual accounting policies below. Going concern There are no material going concern uncertainties. Income All income is recognised in the Statement of Financial Activities once the charity has enlillemenl to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are re¢ognised as expenditure as soon as there is a legal or construdive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related lo the category. Where costs cannot be directly attributed to particular headings they have been allocated lo activities on a basis consislenl with the use of resources. Grants offered subject to conditions which have not been met al the year end date are noted as a commitment bul not accrued as expenditure. Tangible fixed assets Depreciation is calculated at the following rates.. Land and buildings Equipment Playing field equipment Over 3 years straight line Over 7 years straight line Equipment purchased for the Community Centre is capilalised if the value equals £500 or more. Depreciation methods, useful lives and residual values are reviewed al each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The trustees are required lo assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The Iruslees consider Ihal the individual carrying values of assets are supportable by their value in use. The Trustees are carying the homes in Townson Close al cost in the financial slalemenls as they are of the opinion that the programme of repairs and modemisation ensures that any depreciation would be immaterial. Page 9 continued...
CHARITY OF JOHN TOWNSON & JOHN WARD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES - Continued Taxation The charity is exempt from tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial stalemenls. Penslon costs and other post-retlrement benefits The charity oper8les a defined contribution pension scheme. Contributions payable lo the charity's pension scheme are charged lo the Statement of Financial Activities in the period to which they relate. Financial instruments Cash and cash equivalents in the balance sheet comprise cash al banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no staled interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of financial activities under administrative expenses. Financial liabilities are ¢lassified according to the substance of the contractual arrangements entered into. Where the conlraclual obligations of financial instruments are equivalent lo a similar debt inslrumenl, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the statement of financial aclivilies. Finance costs are calculated so as lo produce a consl8nl rate of return on the outstanding liability. Investments Investments are valued al fair value at the year end with changes during the year going to the ststement of financial activities. INVESTMENT INCOME 2024 2023 Investment income 28,917 27,916 Page 10 continued...
CHARITY OF JOHN TOWNSON & JOHN WARD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Activity Provision of residents and housing Provision of residents and housing Rents receivable Grants 53,673 1,386 50,842 400 55,059 51,242 Grants received, included in the above, are as follows= 2024 2023 Wami Homes Grant 1,386 400 RAISING FUNDS Investment management costs 2024 2023 Investment management costs 7,407 7,698 CHARITABLE ACTIVITIES COSTS Grant funding of activities (see note Direct Costs Isee note 61 Support costs (see note 8} Totals Provision of residents and housing Advancement of education and relief of those in need 46,570 1,009 36,691 84,270 1,851 1,851 46,570 2,860 36,691 86,121 DIRECT COSTS OF CHARITABLE ACTIVITIES 2024 2023 Overheads and administration re.. Townson Close Events Light, heat and water Playing field maintenance Playground maintenance Community Centre maintenance Bungalow maintenance Insurance Depociation Inte$1 payable and similar charges 1,719 7,280 3,132 13,394 783 7,934 8,679 3,148 501 713 7,041 2,130 1,494 870 6,145 10,360 3,628 253 46,570 32,639 Page11 continued...
CHARITY OF JOHN TOWNSON & JOHN WARD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 GRANTS PAYABLE 2024 2023 Provision of residents and housing Advancement of education and relief of those in need 1,009 1,851 2,778 1,000 2,860 3,778 The total grants paid to institutions during the year was as follows.. 2024 2023 St Andrew's Church, Old Parish Church Council Old Cricket CILJb Old Parish Council 306 500 203 1,278 500 800 1,009 2,578 The total grants paid to individuals during the year was as follows.. 2024 2023 Individuals 1,851 1,200 SUPPORT COSTS Governance costs Management Finance Totals Provision of residents and housing 34,014 291 2,706 36,691 Support costs, included in the above, are as follows.. 2024 2023 Provision residents and housing Total activities Wages Pension Telephone Office supplies & advertising Foreign exchange Independent Examiners fees - Independent Examination Independent Examiners fees slatulory accounts fee 30,835 971 1,084 1,124 1291 28,016 832 939 253 2,096 1,982 610 580 36,691 32,602 Page 12 continued...
CHARITY OF JOHN TOWNSON & JOHN WARD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees. remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. Trustees. expenses During the year expenses payments of £2,405 were reimbursed lo 7 Iruslees for expenses paid for on behaW of the ch8rity12023.. £1,246 paid to 5 Irusleesl. 10. STAFF COSTS 2024 2023 Wages and salaries Other pension costs 30,835 971 28,016 832 31,806 28.848 The average monthly number of employees during the year was as follows: 2024 2023 Clerk and parish worker No employees reiVed emoluments in eXsS of £60,000. Key management remuneration for the year lotalled £12,53912023.' £11,704). 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Reslricled funds Total funds INCOME AND ENDOWMENTS FROM Charitable a¢tivitigS Provision of residents and housing 50,842 400 51,242 Investment income Other income 26,497 3,662 1,419 27,916 3,662 Totsl 81,001 1,819 82,820 EXPENDITURE ON Raising funds 7,698 7,698 Charitable activities Provision of residents and housing Advancement of education and relief of those in need 67,619 400 68,019 1,000 1,000 Total 76,317 400 76,717 Net gains on investments 69,801 69,801 Page 13 continued...
CHARITY OF JOHN TOWNSON & JOHN WARD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- continued Unrestricted Reslricled funds funds Total funds NET INCOME 74,485 1,419 75,904 RECONCILIATION OF FUNDS Total funds brought forward 1,227,395 55,005 1.282,400 TOTAL FUNDS CARRIED FORWARD 1,301,880 56,424 1,358,304 12. TANGIBLE FIXED ASSETS Land (including playing field) Freehold property Equipment Totals COST Al 1 January 2024 Additions 153,272 57,236 200,000 13,965 1,152 224,473 201,152 At 31 December 2024 153,272 257,236 15,117 425,625 DEPRECIATION At 1 January 2024 Charye for year 3,381 13,849 500 17,230 500 At 31 Dember 2024 3,381 14,349 17,730 NET BOOK VALUE Al 31 Dember 2024 153,272 253,855 768 407,895 At 31 December 2023 153,272 53,855 116 207,243 The land and building are held at cost in the financial stalemenls. In November 2018 a full valuation was carried out by Martin Pendered & Co. The land arbd buildings and playing field have been valued at the following.. Bungalows - Townson Close- £1,020,000 Community Centre- £235,000 Allotments al Widows Mite - £11,000 Playing fields- £10,000 Land at Old Poors Way - £25,000. reducing in value by £5,000 each year depending on the lease being held for 5 years Cleavers field £200,000 Page 14 continued...
CHARITY OF JOHN TOWNSON & JOHN WARD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 13. FIXED ASSET INVESTMENTS Listed investments MARKET VALUE At 1 January 2024 Additions Disposals Revaluations 1,125,742 118,542 {322,2731 46,905 At 31 December 2024 968,916 NET BOOK VALUE Al 31 Dernber 2024 968,916 At 31 December 2023 1,125,742 There were no investment assets outside the UK. 14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Prepayments Accrued income 2,278 1,433 2,037 3.711 2,037 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Social security and other taxes Accruals and deferred income 874 21,830 333 10,054 22,704 10,387 16. MOVEMENT IN FUNDS Nel movement in funds At 31112124 At 111124 Unrestrlcted funds General fund Extraordinary Repair Fund 1,276,880 25,000 40,896 1,317,776 25,000 1,301,880 40,896 1,342.776 Restricted funds Extraordinary Repair Fund Playing Field Maintenance Fund 54,599 1,825 1,507 51 56,106 1,876 56,424 1,558 57,982 TOTAL FUNDS 1,358,304 42,454 1,400,758 Page 15 continued...
CHARITY OF JOHN TOWNSON & JOHN WARD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 Nel movement in funds, included in the above are as follows= Incoming resources Resources expended Gains and losses Movement in fLJnds Unrestricted funds General fund 86,133 {92,1421 46,905 40,896 Restricted funds Extraordinary Repair Fund Playing Field Maintenance Fund Wam Homes Fund 1,507 51 1,386 1,507 51 1,3861 2,944 1,3861 1.558 TOTAL FUNDS 89,077 93,5281 46,905 42,454 Comparatives for movement in funds Nel movement in funds At 31112123 At 111123 Unrestrlcted funds Gener81 fund Extraordinary Repair Fund 1,202,395 25,000 74,485 1,276,880 25,000 1,227,395 74,485 1,301.880 Restricted funds Extraordinary Repair Fund Playing Field Maintenance Fund 53,226 1,779 1,373 46 54,599 1,825 55,005 1,419 56,424 TOTAL FUNDS 1,282,400 75,904 1,358,304 Page 16 continued...
CHARITY OF JOHN TOWNSON & JOHN WARD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 16. MOVEMENT IN FUNDS- continugd Comparative nel movement in funds, inclLJded in the above are as follows.. Incoming resources Resources expended Gains and losses Movement in fLJnds Unrestricted funds General fund 81,001 (76,3171 69,801 74,485 Restricted funds Extraordinary Repair Fund Playing Field Maintenance Fund Wam Homes Fund 1,373 46 400 1,373 46 1,819 1.419 TOTAL FUNDS 76,7171 69,801 75,904 The Extraordinary Repair fund is lo provide for the extraordinary repairs or rebuilding of the homes belonging to the charity. The Playing Field Maintenance fund arises from a land sale in 2003 and the fund is restricted for the upkeep of the playing field The warm homes fund was a grant received for warm spaces in the community centre, and paid for the additional costs lo keep the centre open 5 days a week. The schemes governing the charity define its aims which are lo provide for the benefit of the deserving poor residents in Old, providing grants lo individuals and village organisalions and for the management and upkeep of ils freehold property. In the absen of a specific restriction the fund is classified as unrestricted. 17. RELATED PARTY DISCLOSURES During the year the amount of £3,95412023'. £1,157) was paid lo lan Buckley, the partner of the Clerk of the charity. Page 17
CHARITY OF JOHN TOWNSON & JOHN WARD DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 INCOME AND ENDOWMENTS Investment income Investment income 28.917 27,916 Charitable activities Rents receivable Grants 53.673 1,386 50,842 400 55,059 51,242 Othgr in¢omo Other income 5,101 3,662 Total incoming resources 89.077 82,820 EXPENDITURE Investment management costs Investment management costs 7,407 7,698 Charitable activities Overheads and administration re= Townson Close Events Light, heal and water Playing field maintenance Playground maintenance Community Centre maintenance Bungalow maintenance Insurance Depreciation of tangible fixed assets Interest payable General benefit of inhabitants paid to inslilulions General benefit of inhabitants paid to individuals 1,719 7,280 3,132 13,394 783 7,934 8,679 3,148 501 713 7,041 2,130 1,494 870 6,145 10,360 3,628 253 1,009 2,578 1,851 1,200 49,430 36,417 Support costs Management Wages Pension Telephone Office supplies & advertising 30,835 971 1,084 1,124 28,016 832 939 253 34,014 30,040 This page does not form part of the slatulory financial statements Page 18
CHARITY OF JOHN TOWNSON & JOHN WARD DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Management Finance Foreign exchange variance 1291 Governance costs Independent Examiners fees - Independent Examination Independent Examiners fees accounts fee 2,096 1,982 statutory 610 580 2,706 2,562 Total reSoUrS expended 93,528 76,717 Net lexpendlturelllncome before galns and losses 14,4511 6,103 Realised recognised gains and losses Realised gainslllossesl on fixed asset investments 46,905 69,801 Net Income 42,454 75,904 This page does not form part of the slatulory financial statements Page 19