Registered Charity Number
263259
Plumstead Almshouses
Report and Accounts
for the Year Ended
31 De￿rnber 2023
Mattison & Co
Accountsnls
70 High Street
Chislehurst
Kent
BR7 5AQ

Plumstead Almshouses
Report and Accounts
Contents
Page
Legal and Administrative Information
Trustees, Report
Independent Examiner's Report
Income and Expenditure
Income and Expenditure- statement of total recognised
gains and losses
Balance Sheet
Notes to the Accounts
Statement of Financial Activities
2,3&4
5&6
10.11 & 12
13

Plumstead Almshouses
Legal and Administratlve Infomiation
Charity number
263259
Trustees as at 31 December 2023:
Jennifer Ball
Angus Bearn
Jeremy Forty
Barbara Harris
Michael Maccarthy
Allan Nichols
Ben Williams
Accountants
Sandra Hipwell FMAAT
Mattison & Co
Accountants
70 High Street
Chi51ehurst
Kent
BR7 5A0

Plumstead Alm$houses
The Report of the Trustees for the Year Ended 31 December 2023
The Plumstead Almshouses is a small registered charity. It currently oonsisls of 20 apartments
set out on the ground and first floor of'¢ottages'. These are situated on the corner of Plumslead
Common.
The Charity dales from 1896. 11 was founded through the generosity of local people. They wanted
to fund a charity to provide aceommodation for needy people in the Parish of Plumslead who were
over the age of 55.
That tradition continues to this day.
Beneficiaries of the charity become residents of the Almshouses. Invariably, they settle in lo
enjoy the community and facilities, so vacancies are rare. There were three vacancies during
2023 - a relatively high turnover- which meant that the apartments concemed were refurbished
ready for new residents. Even so. during 2023, the occupancy rate was 97.30/0. This high rale of
occupancy reassures the Trustees that the charity is doing what it can to provide public benefit
through the provision of dwellings.
The Plumstead Almshouses are well placed financially. Assets at the end of 2023 were
£1,421.232.
Historically, expenditure has fluctuated be￿een £55,000 and almost Iwice that, depending on the
needs of the year. No actual budget is set, bul the financial position is reviewed at each Board
Meeting. For 2023, income (from investments and Maintenance Charges) exceeded expenditure
al the rate of £116,280 to £82,055. Together with rises in the valuation of investments, £93,301
was added to the amount brought forward from the previous year lo arrive at the £1,421,232 of
assets.
Various conts'ngencies Isuch as the need for a new roof, garden re-design. and unknown
unknown5) suggest that it is sensible to earmark up lo £250k as reserves. This still leaves over
£1m unallocated. The Truslees are sure that the spirit of the original founders, plus the obligation
lo maximise public benefit. obligates the Charity lo spend this money positively. Options to
consider include the purchase or development of more dwellings. To this end, il was resolved to
hold a Strategy Day separate from routine meetings. This was seheduled for April of 2024, so
more on the outcome of that in next year's Trustee Annual Report.
Regarding the monay needed to praserve the buildings
an obvious priori
the Trustees
commissioned and received a five-yearly surveyor's assessment. Happily, it contained no
surprises and did not require any extra financial provision. On a routine level gas-safety,
insulation, electrical safety, fire checks and so forth - each apartment is up to dale_
In the meantime. residents benefitted from a few additional ¢onsiderations, which the Charity is
empowered to make as Trustees see fit.
For example. as some of the residents were no longer as active as gardeners, a gardener was
engaged. His role is to maintain the communal hedges and lawn, but also lo help residents with
their ambitions for their own patches of garden or pots. We shall see how this goes, bul inibal
reports are positive.
Marks and Spen¢er vouchers to the value ot £50 were issued at Christmas lo ea¢h household.
At the suggeslton of one resident, a defibrillator wa5 installed on the grounds. A new door-enlry
system for some of the apartments upgraded the deteriorating doorbells.

Plumstead Almshouses
The Report of the Trusteès for Ihe Year Ended 31 December 2023
In particular, the Maintenance Charge which residents pay towards the expense of the buildings
and services was kept low. Despite inflationary pressures, there was no change during 2023.
Residents paid £308 per month for a studio or £321 per month for a one-bedroom apartmenL
This is a considerable charitable benefit in the context of London rents.
We were fortunate lo receive the Resident Survey conducted by Ben Vmlliams, Trustee.
Questions included.. _
How happy are you living at Plumsle8d Almshouses? Fifteen resident5 seored 5 out 5 and one
3oulof5.
How happy are you wNth the repairs Se￿ice? Results were ovenNhelmingly positive with 2
residents indicating that sometimes there could be a delay.
What could be donè to improve the lives of residents at PlumsteadAlmshouses? Only 3 residents
had any suggestion generally related to their own home. One resident suggested circulating a list
of residents details to all newcomers to ease IntrLxluctions.
Generally, results were thought to be strong, setting a high bar for the charity to jump in future. It
is proposed to repeat the survey in the summer of 2024.
For the first time in many years, a beneficiary was asked to ￿ave during 2023. 11 appeared that
the storage needs of this person were not compatible with the size of the accommodation
available. This is in no sense 2 failure. Helping those in most need means that, occasionally.
those needs mighl exceed what the Almshouses can provide. That happens, and it shows that
the Almshouses is operating where il should, rather than taking a narrow view of who to help. 11
also gave Trustees the useful experience of rnanaging the exit process.
Finding people who meet the criteria and who want to live at the Almshouses is done Carefully.
The Charity Scheme requires that an advert be issued for each vacancy unless it is less than 12
months since the last adverL In addition to this, a poster was made and taken around the local
pubs, cafes, churches and - for example- lo Woolwich Front Room for further dislribulion. This
helped lo engage more applicants.
In terms ol management, again the Plumslead Almshouses continued in a strong position.
Despite the seriou5 illness of one Trustee, all seven Trustees remained on ts)ard for the year.
Mikè Anscomb@ continued to provide adminislralion and support services across all areas. The
Trustees acknowledged that il is largely through Mr Anscombe's approach to residents that such
a good-nalured community has been facilitated.
Of course, not everything runs smoothly for ever. By way of risk management, the Trustees
reviewed their policies to keep up to date with guidance issued by the Almshouses Association,
amongst others. The Risk Register was also reviewed and actions tweaked accordingty. Many
thanks to all the Twstees for their p*ience and dedication to these tssks.
Upgrading the grounds is a distinct challenge. Redesign must strike a balance be￿een providing
welcoming, usable communal Spa￿ (unlike the historically bumpy lawnll and yel avoid an
institutional feel. It is particularly important to provide space for the upstairs residents who do not
have private patios. Sadly, the tendered paving project designed lo gel this work undenNay failed
lo attract sufficient conlraclors. Only one quote was received. A reduced 5¢heme will be re-
tendered during 2024 to get things underway.

Plumstead Almshouses
The Report of the Trustees for the Year Ended 31 December 2023
Overall, the last ten years has been a period of consolidation for the charity. A period in which
the building5 and procedures have been brought up to the mark. More importantly. a good
standard of accommodation has been made reliably available to the public of
PlumsleadlGreenwich. Over the next ten years. the ambition is to expand the accommodation
available and the quality of the communal spaces. Given nearly 130 years of history, and the
satisfactory operation of the Charity, no-one is in a rush lo disrupt the business model.
Nevertheless, the ambition to expand will. with due diligence, gel underway during 2024.
SHJned on behalf of trustees by Angus Bearn, Chairman

Plumstead Almshouses
Independent Examinerfs Report to the Trustses of the Charity
Report of the Independent Examiner to the Trustee$
on the Accounts of the Charlty for the year ended 31 December 2023
I report on the financial statements of the Charity on pages 7 to 10 for the year ended 31
De￿rnber 2023 which have been prepared in accordance with the Charities Act 2011 and in
accordance with FRS102 the Financial Reporting Standard appliGable in the UK and Republic of
Ireland las applied to smaller entities by Section 1A of the Standard), adapted to meet the needs
of unincorporated organisalions, as modified by the Statement of Recommended Practice for
Accounting and Reporting issued by the Charily Commis5i0ners for England & Wales, effective
April 2005 as revised in June 2008 Ilhe SORPI, under the historical cost convention and the
accounting policies set out on page 10.
Respective Responsibllltles of Trustees and Examiner
The Charify's Trustees a￿ responsible for the preparation of the financial statements. The
Tnjstees are satisfied that the audit requirement of Section 144{11 of the Charities Act 2011 (the
Acll does not apply, and that there is no requirement in the governing document or constitution of
the Charity for the conducting of an audit. As a consequence, the Tfustees have elected that the
financial statements be subject to independent examination.
Having satisfied myself that the charity is not subject to audit, and is eligible for independent
examination, it is my responsibility to'.-
al examine tt)e accounts under section 145 of the Act.,
b) lo follow the procedures laid down in the General Directions given by the Charity
Commission under seelion 14515)Ibl of the Act.. and
cl lo stsle whether particular matters have come to my attention.
Basis of opinion and scope of work undertaken
I conducted my examination in accord8nce with the General Directions given by the Charity
Commissioners for England & WaSes in relation to the conducting of an independent examination,
referred to above. An independent examination includes a review of the acwunting records kept
by the Charity and of the accounting systems employed by the Charity and a comparison of the
financial slalements presented with those records. It also includes consideration of any unusual
iterns or disclosuie5 Ill the financial statements. and seeking explanation¥ from the Trusto¢g
concerning such matters. The purpose of the examination is lo establish as far as possible that
there have been no breaches of the Charities legislation and that the financial statements Comply
with the SORP. on a test basls of evidgnce relevant tv the arnounts and disclosures in the financial
statements.
The procedures undertaken do not provide all the evidence that would be required in an audit, and
Information supplied by the Trustees in the course of the examination is not subjected to audit
tests or enquirie5. and consequently I do not express an audit opinion on the view given by the
ffinancial slatemenls, and in parbcular, l express no opinion as to whether the financi81 statements
give a true and fair view of the affairs of the charity, and my report is limited to the matters sel out
in the ststement below.
I planned and perfomied my examination so as to satisfy myself that the objectives of the
independent examination are achieved and before finalising the report l obtained written
assurances from the Trustee5 Of all material matters.

Independent Examiner's Statemont. report and opinion
Subject to the limitations upon the scope of my work as detailed above, in connectlon with my
examination, I can confirm that this is a report in respect of an examination carried out under
section 145 of the Act and in awordance with any directions given by the Commission under
subseclion15)Ibl of that section which are applicable,. and that, no matter has come to my attention
in connectson with my examination which gives me reasonable cause to believe that in any material
respect the requirements
(il lo keep accounting ￿COrdS in accordan￿ with section 130 of the Act.,
li1} to prepare financial statements which accord with the accounting records and comply with
the accounting requirements of the Act and.,
liiil that the fi'n8ncial statements be prepared in accordance with the methods and prrnciples
set out in the Stslement of Recommended Practice- Accoijnling and Reporting by
Charities
have not been met., or lo which, in my opinion, attention should be drawn in my report in order lo
enable a proper understanding of the o¢counls to be reached.
The dale on which my opinion is expressed 15 21 August 2024.
Sandra Hipwell FMAAT

Plumstead Almshouses
Income and Expenditure
for thg year ended 31 December 2023
Total
Funds
un￿$trIC￿d
Last Year
Totsl Funds
Unrestricted
Notes
2023
2022
Incoming resources
Maintenance conliibutions
Investment income
74.684
41.596
77,084
39.304
Total Incomlng resources
116.280
116,388
Costs of charitable activities
Governance costs
80,915
1,140
52.515
1.080
Total ￿soUrceS expended
82,OS5
53,595
Net incoming resources
34.225
62,793
Other recognised galns and losses
Gainslllossesl on investment assets
59,076
1119,4C61
Net movement in funds
93,301
156,6131
Recon¢iliation of funds
Total funds brought forward
1,327,931
1,384,544
Total funds carried forward
1A21,232
1,327,931
The net movement in fun(Js rèferred to above is the rbet incoming resources as defined in the SORP
nd is reconciled to the total funds ats Shown in the Balan¢0 Sh¢?t on page g as rpquiY•d by the the
SORP.
All aetivlties derfve from continuing operations
The notes on pages 10 to 11 forni an intsgral part of thesp accounts.

Plurnstead Almshouses
Income and Expenditure
for the year ended 31 December 2023
Statement of Total Recognised Gains and Losses
for the year ended 31 December 2023
2023
2022
Excess of income over expenditure before realisation of assets
93,301
156,6131
Net movement in funds
93,301
156,6131
Movements in Revenue and Capltsl Funds
for the year ended 31 December 2023
Revenue accumulated funds
Total
Last year
Totzl Funds
Unrestrlcted
2022
Funds
Unr8Strlcted
2023
Accumulated funds b¥ought forward
Recognised gains and losses
Closlng revenue accurnulated funds
1,327.931
93.301
1.421.232
1,384.544
156.6131
1.327.931

Plumstead Almshous95
Balance Sheet
as at 31 DeGember 2023
Notes
2023
2022
Current assets
Debtors
Current asset inveslm8nts
Cash at bank and in hand
Total curr8ntassets
1,4C
1,304,062
115.e24
1,421,292
2,226
1,244,986
80,719
1.327,931
Creditors:_
Amounts due wthin one year
Net curnnt assets
1,421,232
1.327,931
Total assets less Cuffentllabllltles
1.421,232
1.327,931
Net asset$
1,421,232
1,327,931
The funds of the ¢harlty.'
Unrestricted revenuè accumulated funds
Unrestricted capital funds
Designated funds
Total unrestricted funds
1.171,232
1.077.931
250,000
250.000
1,421,232
1,327.931
Total charity funds
1.421,232
1.327.931
The accounts have been prepared and delivered tn ac￿rdanCe wth the special provisions applicable to
rLsrnpanies subject lo the Small companies regime.
Approved by the Board of Trustaes on 21 Augisl 2024.
Trustsè
A. Beam

Plumstead Almshous•s
Notes to th¢ Accounts
for the year ended 31 December 2023
A¢¢ountlng policie$
1 aasi5 of pr8paratlon of the accounts
TTr￿ finandal statements have been prepared under the hi$torical tost convention with items
recognised at C05t or transaction value unles$ olhetsvise staled in the relevant notes to these
aGcounls.
The accounts have been prèpared in accordance with the Slaternent of
RecommandEd Practire for Accounting and Reporting by Charitie5 preparing their aGcount5 in
aGGotdancé with the Financi81 Reporting Standard applicable in the UK and Republic of Ireland
IFRS 1021 issued on 16 July 2014 and with the Charities Acl 2011.
In¢oming Resourc85
Residents are required by the Trustees, In accordance wrth th8 terns of th8 scheme goveming
the charity. to make contribLrtions tewards the cost of maintaining the homes and essentkal
5etvice5. The contribLrtiOns are Shown as maintenance conlribLrtions In the financial statements.
R•sourees Expendod
Resources ￿%￿nded are induded in the Statement of Fin8ncial Activities on an aceruals basis.
indusive of any VAT which cannot be recovered.
EXpendItu￿ on govemanco costs of the ehèrlty
Expenditufft on governanc& costs of the charty includes 811 expènditure not directly related tts the
haritable dGtivity Orfur￿ralslfi9 ventures.
Invesbnents
Listed investmerlts are rneasured at fair value. Changes in fair value are induded in the profil and
1gs$ account.
2023
2022
2 Revenue from ordinary actyvities
and bEfore charging.."
Ind8pÈnd8nt Exarnlnafs F885
74,684
77.084
1,140
1.080
3 Incom• from Inveslments
2023
2022
Inc(Yne frorn listed current asset invaslments
Other bank deposit interest received
40,296
1,300
41.596
39.268
36
39,304
4 P&m￿nenten￿Owm6￿t assets and ¢onWn￿nl a65ets *¥Glude(l trom the Baianee Sheet
The Freehokl of the Almsheuses situated ift He8viiree Road and Waverley Crescent, Plumsie8d
* not Included in the financial statemen15 Reliable co$1 inlormation is not av8ilablt for the
Almshouses and in thg opinion of the Trustees 8 valuation would Involve S￿￿1Th¢ant GOSt5 which
would b& onerous compared Wlh any ben&fit derr￿d by users of the financial statements. Costs
of improvements lo the propertie5 are included in Charitable E%￿nSeS.

Plumstead Almshouses
Notes to thè Accounts
for the year ended 31 Deeember 2023
5 DebtOY8
2023
2022
Prepaid expans85
1,406
2,226
6 Inve5tmerts l*ld a$ currentassets
2023
2022
Listed investments
1.244,986
7 Cash at bank and in band
Cash brt
80,719
Nèt incoming resources
Nèt addltKsn lo inve51menl$
Mov8ment Sn debtor5
Movement in creditor5
34.225
820
60
35.1D5
Cash cjr
115,824
8 Creilltors
2023
2022
A#ountancy fee5
80
9 TMn8adlon8 wlth Trust888
Tl*ro were no tran5a¢iion$ with Tw5t88$ during the year.
10 Partlculars of Indlvldual Funds analysls of a55ets and liabllities repvesentlng funds
At 31 D¢¢embor 2023
Unre5tri¢t*d De8ignated
funds
fund5
Restricted
funds
Tc¢tal
Funds
Curr¢nt Aggets
Cuirent Llablllties
1,171.292
1601
1,171,232
250.000
1.421.292
1601
1.421.232
250.000

Plumstead Alm$house$
Notes to the Accounts
forthe year ended 31 D•cemb8r 2023
At l January 2023
Unrestrlctsd Designated
fund5
fund¥
Restri¢t0d Total
lund¥
Fund$
Current As$e15
1.077.931
1,077,931
250,000
250,000
1,327.931
1,327,931
The Sndlvlilual funds Include(S above are:.
Funds at
2022
M¥vgm?nt8
Transfers
Bett¥een
funds
Funds at
2023
Funds
as below
1.327 931
1.421.232
Anatysi5 of mov¢monts in fvJ)d$ as $hi)wn in the tsblo abovg
Incoming
Re50urc85
Outgoing
REsourGe5
Gain5 8
Losses
141ov8mefit
in fund5
f16,280
82,055
59.076
93.301

Plumstead Almshouses
Staternent of Financial Actlvities
torthe year 8nded 31 December 2023
2023
2022
Income from Investsments
Income from listed current asset inveslment5
Other bonk depoort iftteresl recewéd
40.298
1.300
39.288
36
Total Investment Ineome
41,596
39.304
Cost5 of generating funds
Prernises Gosts
Rates, walef and 8ervits charges
Insurance
Light and heat
Premise5 iTDprovements
Pr8mises rep>its and ren8wat5
Garden m8inlenanr
5,198
2,633
4,709
2,416
751
11,986
19.55fj
1.643
16.181
1.522
GwwaladmlnlstrJtive ￿1)elySe
Subscription5
AdmiDi$lrallon costs
83
337
26,492
107
31,e75
1201
41
31.779
Bank ch8rge5
Sundry expenses
26.936
Prnlesslon¥ttf•*slnsLtpport olthJrit•ble aCt￿l￿eS
Legal and professional
7.539
7.539
Total Expend•d on Charitsble Actlvitie8
80.915
52,515
GovemanGe costs that er8 not management funclitsns inherent in gener&ting
funds, seNice delivery 4nrlpmgr8mme orprojecl work
Speclfic govern￿¢é Costs
IndependEnl Examinerfs Fee
1,140
1,080
Total go¥ernan¢e costs
1,140
1,080
13