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 Con￿rtS, 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 con￿MIng 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 re￿iVed emoluments in eX￿sS 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 De￿mber 2024
3,381
14,349
17,730
NET BOOK VALUE
Al 31 De￿mber 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 De￿rnber 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 reSoUr￿S 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