Trustees’ Annual Report for the period
From: 1 April 2023 To: 31 March 2024
Charity name: Ann Crowe's and Wright's Almshouse Charity
Charity registration number: 279346
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | To provide poor persons, who are inhabitants of the Ancient Parish of Enfield, with an almshouse at a modest weekly contribution rate. The charity has a preference to provide some of the almshouses to widows who are not less than 60 years of age. |
| 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 |
The charity’s main activities are the prevention or relief of poverty through providing an almshouse. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | In determining the charity’s activities, the trustees have had regard to the guidance issued by the Charity Commission on public 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
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SORP reference
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| Achievements and Performance | Achievements and Performance | 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 | During the year the charity was able to provide ten almshouses to poor residents in the locality. Also, the trustees were able to maintain these almshouses to ensure they were at an acceptable standard for the residents. |
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 | |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | During the year, the charity had receipts of £97,680 (2023: £88,891) and expenditure of £55,972 (2023: £36,389). This resulted in a surplus of receipts of £41,708 (2023: £52,502). |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The Charity does not have an explicit reserves policy, but looks to retain sufficient funds to meet all expenditure in the foreseeable future. |
| Amount of reserves held | Para 1.22 | At the year end the bank balances amounted to £292,112 (2023: £250,404). |
| Reasons for holding zero reserves |
Para 1.22 | |
| Details of fund materially in deficit |
Para 1.24 | |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 |
Additional information (optional) You may choose to include further statements where relevant about:
| Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
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 | |
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Trust deed |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | Trust as an unincorporated charity. |
| 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 | Appointed by existing trustees. |
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Additional information (optional)
You may choose to include further statements where relevant about:
Policies and procedures
adopted for the induction and Para 1.51
training of trustees
The charity’s organisational
structure and any wider Para 1.51
network with which the
charity works
Relationship with any related Para 1.51
parties
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| Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
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 | Ann Crowe's and Wright's Almshouse Charity |
|---|---|
| Other name the charity uses | |
| Registered charity number | 279346 |
| Charity’s principal address | The Old Vestry Office 22 The Town Enfield EN2 6LT |
Names of the charity trustees who manage the charity
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Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
1 Ms SJ Attwood JP Chair
2 P Edwards
3 J Tanner Vice -Chair Appointed 14 May 2024
4 Ms S Doran
5 Cllr H Yusuf Resigned 15 May 2024
6 GS Hill
7 Ms A Whitehorn
8 JF McGrath
9 Cllr M Rye
10 Ms C Byamukama
11 N Maunder Taylor
12 J Eustance
13 C Parker Vice-Chair Resigned 14 May 2024
14 Dr P O' Mahony
Cllr G Amin Appointed on 15 May
15
2024
D Hargreaves Appointed on 27
16
November 2023
17
18
19
20
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– Corporate trustees names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
| Description of the assets held in this capacity |
Properties at 1-4 Almshouse Lane, Turkey Street, Enfield and 346 – 356 Hertford Road, Enfield. |
|---|---|
| Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects |
The Official Custodian for Charities, is registered to the above properties, as custodian on behalf of the trustees of The Old Enfield Charitable Trust (‘TOECT’) (see below regarding the related party transactions). TOECT in turn holds the properties as custodian for the charity. |
| Details of arrangements for safe custody and segregation of such assets from the charity’s own assets |
The properties may not be sold or transferred without the consent of the Charity Commissioners. |
Additional information (optional)
Names and addresses of advisers (Optional information)
| Type of | Name | Address |
|---|---|---|
| adviser |
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
Related party transaction:
The Trustees confirm that there were no related party transactions during the year, other than the administration charges of £10,572 (2023: £9,474) from The Old Enfield Charitable Trust, a charity in which the Trustees are also Trustees of that charity.
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) Position (eg Secretary, Chair, etc) Date |
Mrs Susan Attwood, JP Mr John Tanner |
|---|---|
| Mrs Susan Attwood, JP Mr John Tanner |
|
Chair Vice-Chair |
|
| 30 September 2024 | |
| 30 September 2024 |
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Ann Crowe's and Wright's Almshouse Charity No (if any)
Receipts and payments accounts CC16a
For the period 01/04/2023 31/03/2024
To
from
Section A Receipts and payments
Unrestricted Restricted Endowment
Total funds Last year
funds funds funds
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
Contributions from Occupiers 82,489 - - 82,489 79,114
Dividends and Interest 8,320 - - 8,320 7,574
Interest 6,871 - - 6,871 2,203
- - - - -
- - - - -
- - - - -
- - - - -
Sub total (Gross income for AR) [ 97,680 ] - - 97,680 88,891
A2 Asset and investment sales,
(see table).
- - - -
- - - - -
Sub total - - - - -
Total receipts 97,680 - - 97,680 88,891
A3 Payments
Almshouse expenses 38,520 38,520 24,939
Administration charges 10,572 - - 10,572 9,650
Accountancy - - - - 1,800
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total [ 49,092 ] - - 49,092 36,389
A4 Asset and investment
purchases, (see table)
Investment purchase 6,880 - - 6,880
- - - -
Sub total [ 6,880 ] - - 6,880 -
Total payments 55,972 - - 55,972 36,389
Net of receipts/(payments) 41,708 - - 41,708 52,502
A5 Transfers between funds - - - - -
A6 Cash funds last year end 250,404 - - 250,404 197,902
Cash funds this year end 292,112 - - 292,112 250,404
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CCXX R1 accounts (SS)
1
Section B Statement of assets and liabilities at the end of the period
| Categories Signed by one or two trustees on behalf of all the trustees B1 Cash funds B2 Other monetary assets B4 Assets retained for the charity’s own use B5 Liabilities B3 Investment assets |
Mr John Tanner, Vice-Chair Signature Mrs Susan Attwood, JP, Chair Details Land and buildings Details M&G Investments - Charity Multi Asset Barclays Current Account COIF Deposit Account Details Details Total cash funds (agree balances with receipts and payments account(s)) Details M&G Investments - Charity Multi Asset M&G Investments - Bolloert's Bequest M&G Investments - Charity Accumulation |
Unrestricted funds Restricted funds to nearest £ to nearest £ 137,119 - 154,993 - - - 292,112 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) Permanent - Permanent - Permanent - Unrestricted - Fund to which asset belongs Cost (optional) Permanent - - - - - - Fund to which liability relates Amount due (optional) - - - - - Print Name Mrs Susan Attwood, JP, Chair Mr John Tanner, Vice-Chair |
Endowment funds to nearest £ - - |
|---|---|---|---|
| - | |||
| OK | |||
| Endowment funds to nearest £ - - - - - - Current value (optional) 8,357 420 135,714 187,947 Current value (optional) 2,770,000 - - - - - When due (optional) Date of approval 30/09/2024 30/09/2024 |
CCXX R2 accounts (SS)
2
IE
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ ANN CROWE'S AND WRIGHT'S ALMSHOUSE CHARITY members of
On accounts for the year 31 March 2024 ended Set out on pages 1 to 2 of CC16a form
Charity no 279346 (if any)
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 March 2023.
Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation of basis of report the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) 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 which gives me cause to believe that in, any material respect:
-
accounting records were not kept in accordance with section 130 of the Act; or
-
the accounts do not accord with the accounting records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed: Alfonso Del Basso 30 September 2024 Date: Name: Alfonso Del Basso Relevant professional Chartered Certified Accountant qualification(s) or body Jones Hunt & Keelings, Chartered Certified Accountants and Chartered Tax Address: Advisers, Broad House, 1 The Broadway, Old Hatfield, Hertfordshire AL9 5BG
1
IER