## **Trustees’ Annual Report for the period**
## **From 1[st] April 2023 Period start date To 31[st] March 2024 Period end date**
## **Charity name: Southborough & High Brooms Age Concern**
## **Charity registration number:275874**
## **Objectives and Activities**
||SORP reference||
|---|---|---|
|Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|**To promote the relief of elderly people in**
**any manner which is now or hereafter**
**may be deemed by the law to be**
**charitable within the boundary of the**
**Southborough Town Council and**
**adjacent surrounding areas.**|
|Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|**It is no longer financially viable for us to**
**run a Day Care Centre, as we have done**
**in the past. The Charity has therefore**
**donated a considerable sum to the local**
**alms-houses and previously supported**
**computer classes for the elderly in the**
**Southborough area.**
**We also look at grants for specific**
**purposes for the elderly.**
**Trustees considered a proposal from**
**Age UK Tunbridge Wells to support their**
**Advice and information & Advocacy**
**services. It was agreed that we would**
**make a grant of £10,000 pa over a period**
**of 3 years. Their first payment was made**
**in the current year.**|
|Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|**The Trustees have had regard to the**
**guidance published by the Charity**
**Commission and believe that all our**
**activities are for the benefit of elderly**
**members of the public in our area of**
**benefit.**|
## **Additional information (optional)**
## You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related
investment Para 1.38 Contribution made by volunteers Other
## **Achievements and Performance**
||SORP reference||
|---|---|---|
|Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|**As stated above, this year the Charity**
**has commenced a 3 year funding**
**project for Advice & Information and**
**Advocacy services, provided to the**
**local population by Age UK Tunbridge**
**Wells.**|
## **Additional information (optional)** You may choose to include further statements where relevant about:
|Achievements against
objectives set|Para 1.41||
|---|---|---|
|Performance of fundraising
activities against objectives
set|Para 1.41||
|Investment performance
against objectives|Para 1.41|**The Trustees decided that the risk of**
**investment could no longer be spread**
**wide enough with individual holdings.**
**As a result we instructed our investment**
**advisors to encash the existing**
**investments; to hold some of the money**
**in cash; and to re-invest the balance in**|
**the Sanlam Balanced Fund.** Other
## **Financial Review**
|Review of the charity’s
financial position at the end
of the period|Para 1.21|**In line with our policy the value of our**
**investments are gradually reducing and**
**the proceeds being used towards the**
**grants that we make.**|
|---|---|---|
|Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|**Now that we no longer run a Day Centre**
**we do not need reserves and it is**
**intended by the Trustees gradually to**
**deplete the funds we hold, by the giving**
**of grants.**|
|Amount of reserves held|Para 1.22|**We do not hold reserves as such.**|
|Reasons for holding zero
reserves|Para 1.22|**N/A**|
|Details of fund materially in
deficit|Para 1.24|**N/A**|
|Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|**N/A**|
## **Additional information (optional)** You may choose to include further statements where relevant about:
|
The charity’s principal
sources of funds (including
any fundraising)|
Para 1.47|
**The Charity’s principal source of funds**
**is income from investments. As the**
**capital reduces we have to use more**
**capital to support the making of grants.**|
|---|---|---|
|Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|**The investment objectives are to grow**
**the fund as much as possible while**
**producing some income towards the**
**cost of the activities we support.**|
|A description of the principal
risks facing the charity|Para 1.46|**We believe that we have this year**
**reduced the investment risk by re-**
**investment in a Balanced Fund where**
**the risk can be spread more widely.**|
|Other|||
## **Structure, Governance and Management**
|Description of charity’s
trusts:|||
|---|---|---|
|Type of governing document
(trust deed, royal charter)|Para 1.25|**Constitution.**|
|How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|**Unincorporated Association.**|
|Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|**Trustees are appointed by the existing**
**Trustee body. Following the resignation**
**of Robin Foster, the previous Chair, the**
**number of trustees has been reduced to**
**3.**|
## **Additional information (optional)**
You may choose to include further statements where relevant about:
|
Policies and procedures
adopted for the induction
and training of trustees|
Para 1.51||
|---|---|---|
|The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51||
|Relationship with any related
parties|Para 1.51||
|Other|||
## **Reference and Administrative details**
|Charity name|Southborough & High Brooms Age Concern|
|---|---|
|Other name the charity uses|N/A|
|Registered charity number|275874|
|Charity’s principal address|7 Batchelors
Pembury
Tunbridge Wells
Kent, TN2 4ED.|
|||
## **Names of the charity trustees who manage the charity**
|1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee (ifany)**|
|---|---|---|---|---|
||Gerald Ray|Chairman|||
||Nigel Stratton|Treasurer|||
||Michael Wisdom||||
||Robin Foster|(Chairman)|1/04/2023 to 14/06/2023||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
– Corporate trustees names of the directors at the date the report was approved **Director name N/A**
## Name of trustees holding title to property belonging to the charity
|**Trustee name**|**Dates acted if not for whole year**||
|---|---|---|
|**N/A**|||
||||
||||
||||
||||
||||
## **Funds held as custodian trustees on behalf of others**
Description of the assets N/A held in this capacity
Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects
Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets
## **Additional information (optional)**
## **Names and addresses of advisers (Optional information)**
|**Type of**
**adviser**|**Name**
**Address**|**Name**
**Address**|
|---|---|---|
|**Financial**|||
||||
||||
||||
## **Name of chief executive or names of senior staff members (Optional information)**
## **Exemptions from disclosure**
Reason for non-disclosure of key personnel details
## **Other optional information**
## **Declarations**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
**Signature(s) Full name(s)** Nigel Morris Stratton
**Position (eg Secretary,** Hon. Treasurer **Chair, etc)**
**Date**
#
##
##
||Page|
|---|---|
|Reportof the IndependentExaminer|1|
|ReceiptsandPayments Accounts|2|
|Statement ofAssetsandUabilities|3|
|Notesto theAccounts|4-5|
##
##
##
##
##
##
##
##
|||2024||||2023|||
|---|---|---|---|---|---|---|---|---|
||E||e||E||,_||
|UNRESTRICTED FUNDS|||||||||
|RECEIPTS|||||||||
|Investmentincome|||||||||
|Bankinterest|232||||128||||
|Donations received|||||||||
|Sanlam-dividendsand interest|509||||493||||
|||||747||||621,|
|saleofinvestments|||88,253||||28|257|
|Total receipts|||88,994||||28,878||
|PAYMENTS|||||||||
|Donations toTunbridgeWells Age|10,000||||||||
|Concern|||||||||
|Bank charges|61||||74||||
|Independentexaminer'sfee|450||||450||||
|LEIregistration|||||720||||
|Investmentmanager'sFees|791||||1,003||||
||||77,302||||t,647||
|Purchaseof investments|||62,L95||||27|,760|
|Total payments|||73|497|||29|407|
|Netreceipts/(payments)|||75,497||||(s2e)||
|Cashfundsbrought forward|||||||15|343|
|Cashfunds carriedforward|||iaJ]l||||11814||
##
##
||Note||2024|||2023|
|---|---|---|---|---|---|---|
|||E||E|E|a|
|UNRESTRICTED FUNDS|||||||
|Fixed assets|||||||
|Investments||||42,t75||63 875|
|Currentassets|||||||
|Cashatbankand inhand||30|311||14 814||
|||30,311|||14,8t4||
|creditors:amountsfallingdue|||||||
|withinoneyear|||||||
|Netcurrentassets||||30 311||t4 814|
|Net assets||||72,426||_zq,!!e|
|Represented by:|2||||||
|Unrestrictedfunds||||72,426||78 689|
|Totalfunds||||72,426||__z!,qqs|
##
##
##
##
##
##
##
##
##
##
##
|2)FUNDS|||
|---|---|---|
||Reserve||
|Unrestrictedfunds|fund|Total|
||E|f|
|At1April2023|78,689|78,689|
|Netmovement onReceipts and Payments Account|15,497|t5,497|
|Saleofinvestments|(88,2s3)|(88,2s3)|
|Cashpurchaseofinvestments|62,r95|62,195|
|Non-cash purchaseofinvestments|743|743|
|RealisedandUnrealisedprofi((loss)on|||
|investments|555
3|3,555|
|At 31 I'larch2024|72,426|72,426|
#
##
##
||Page|
|---|---|
|Reportof the IndependentExaminer|1|
|ReceiptsandPayments Accounts|2|
|Statement ofAssetsandUabilities|3|
|Notesto theAccounts|4-5|
##
##
##
##
##
##
##
##
|||2024||||2023|||
|---|---|---|---|---|---|---|---|---|
||E||e||E||,_||
|UNRESTRICTED FUNDS|||||||||
|RECEIPTS|||||||||
|Investmentincome|||||||||
|Bankinterest|232||||128||||
|Donations received|||||||||
|Sanlam-dividendsand interest|509||||493||||
|||||747||||621,|
|saleofinvestments|||88,253||||28|257|
|Total receipts|||88,994||||28,878||
|PAYMENTS|||||||||
|Donations toTunbridgeWells Age|10,000||||||||
|Concern|||||||||
|Bank charges|61||||74||||
|Independentexaminer'sfee|450||||450||||
|LEIregistration|||||720||||
|Investmentmanager'sFees|791||||1,003||||
||||77,302||||t,647||
|Purchaseof investments|||62,L95||||27|,760|
|Total payments|||73|497|||29|407|
|Netreceipts/(payments)|||75,497||||(s2e)||
|Cashfundsbrought forward|||||||15|343|
|Cashfunds carriedforward|||iaJ]l||||11814||
##
##
||Note||2024|||2023|
|---|---|---|---|---|---|---|
|||E||E|E|a|
|UNRESTRICTED FUNDS|||||||
|Fixed assets|||||||
|Investments||||42,t75||63 875|
|Currentassets|||||||
|Cashatbankand inhand||30|311||14 814||
|||30,311|||14,8t4||
|creditors:amountsfallingdue|||||||
|withinoneyear|||||||
|Netcurrentassets||||30 311||t4 814|
|Net assets||||72,426||_zq,!!e|
|Represented by:|2||||||
|Unrestrictedfunds||||72,426||78 689|
|Totalfunds||||72,426||__z!,qqs|
##
##
##
##
##
##
##
##
##
##
##
|2)FUNDS|||
|---|---|---|
||Reserve||
|Unrestrictedfunds|fund|Total|
||E|f|
|At1April2023|78,689|78,689|
|Netmovement onReceipts and Payments Account|15,497|t5,497|
|Saleofinvestments|(88,2s3)|(88,2s3)|
|Cashpurchaseofinvestments|62,r95|62,195|
|Non-cash purchaseofinvestments|743|743|
|RealisedandUnrealisedprofi((loss)on|||
|investments|555
3|3,555|
|At 31 I'larch2024|72,426|72,426|