Charity no: 525315 ## **STEEPLE HOUSE, STEEPLE LANE, BRECON LD3 7DJ** ## **Trustees’ Annual Report, Year Ending December 2024** In the year 2024, a total of 35 grants were awarded to young people of Brecon to help them with their academic or vocational studies either at university or college or in an apprenticeship, in accordance with the terms of the trust. The total value of these grants was £11,770, a 25% increase on the previous year. The young people were all aged between 16 and 24. Rent from the offices and shop provide the main source of income. Four of the nine offices were empty for part of the year, and two new tenants moved in. All of the offices were occupied at the end of the year. Following the installation of a new boiler with a remote control system, and other energy saving initiatives in 2023, energy usage has been monitored. Compared with the previous year, electricity consumption was reduced by around 50%, and gas consumption by around 16%. Routine maintenance of the building was carried out through the year as required. The accounts show an increase in the end of year surplus compared with the previous year; this is mainly due to improved recovery of service charge, a fall in the cost of heating and lighting and unrealised gains from investments. |**EDMUND JONES CHARITY Account for year ending 31st Dece**
INCOME
2024
£
Rents offices
**18726.52**
Rent shop
**6875.00**
Service Charges
**12715.14**
Bank Interest
**377.72**
Interest from Investments
**1804.33**
Other income
**458.29**
Grants (energy survey'23) (Htg grant '24) )
**555.56**
Unrealised gains from investments
**1464.31**
**42976.87**
EXPENDITURE
Grants to beneficiaries
**11770.00**
Repairs & Mtce to Property
**2636.50**
Heating and lIghting
**6448.30**
Cleaner's wages and materials
**3551.78**
Water
**1782.51**
Insurances
**1323.54**
Management Expenses Incl supplies
**5872.43**
Independent Examiner
**250.00**
Energy Survey
**0.00**
Other (including tenant's lunch)
**182.67**
Depreciation of Heatiing System
**1062.39**
**34880.12**
Surplus/Deficit for the year:
**8096.75**
Surplus brought forward 1st Jan 2024
**98710.18**
Surplus at 31st December 2024
**106806.93**|**EDMUND JONES CHARITY Account for year ending 31st Dece**
INCOME
2024
£
Rents offices
**18726.52**
Rent shop
**6875.00**
Service Charges
**12715.14**
Bank Interest
**377.72**
Interest from Investments
**1804.33**
Other income
**458.29**
Grants (energy survey'23) (Htg grant '24) )
**555.56**
Unrealised gains from investments
**1464.31**
**42976.87**
EXPENDITURE
Grants to beneficiaries
**11770.00**
Repairs & Mtce to Property
**2636.50**
Heating and lIghting
**6448.30**
Cleaner's wages and materials
**3551.78**
Water
**1782.51**
Insurances
**1323.54**
Management Expenses Incl supplies
**5872.43**
Independent Examiner
**250.00**
Energy Survey
**0.00**
Other (including tenant's lunch)
**182.67**
Depreciation of Heatiing System
**1062.39**
**34880.12**
Surplus/Deficit for the year:
**8096.75**
Surplus brought forward 1st Jan 2024
**98710.18**
Surplus at 31st December 2024
**106806.93**|**m**| |---|---|---| ||**42976.87**|| ||**11770.00**
**2636.50**
**6448.30**
**3551.78**
**1782.51**
**1323.54**
**5872.43**
**250.00**
**0.00**
**182.67**
**1062.39**|| ||**34880.12**|| ||**8096.75**
**98710.18**|| ||**106806.93**|| |||| |**Balance Sheet as at 31st December 2024**
**2024**
FIXED ASSETS
£
Steeple Lane Property
**380000.00**
COIF (at cost £35047.50; 3266.36 shares held)
**66285.22**
- bid market value at 31st Dec 2024 20.293)
Heating renewal project
**8499.11**
CURRENT ASSETS
Sundry Debtors & Payments in advance
**3753.19**
Cash in hand-at bank (0066127 & 7176793)
**22744.22**
-officers
**15.31**
Fixed Term Account
**10167.00**||| |sub total|**491464.05**| |---|---| |Heating renewal project Grant capitalised|**4444.44**| |Sundry Creditors & Receipts in advance|**212.68**| ||**486806.93**| |REPRESENTED BY;-|| |Capital Provisions-Property|**380000.00**| |Surrplus at 31st December 2024|**106806.93**| ||**486806.93**| |I have examined the above Balance Sheet and Income &. Expenditu|| |the books and vouchers, and have obtained all the information and e|| |I have sought.|| In my opinion, the accounts are properly drawn up so as to give a fa of the Charity's Affairs for the year ended 31st December 2024 P W Jenkins Independent Examiner **mber 2024** 2023 £ 19849.28 5500.00 5889.51 218.67 1779.51 1354.11 700.00 5538.76 40829.84 9361.00 2616.27 9212.39 2807.02 1752.99 1271.68 5117.93 282.00 1464.00 0.00 581.66 34466.94 6362.90 92347.28 98710.18 2023 £ 380000.00 64820.91 7642.07 5386.97 22558.86 3.59 0.00 480412.40 0.00 1702.22 478710.18 380000.00 98710.18 478710.18 ure A/cs with explanations air reflection 160225/j |**EDMUND JONES CHARITY Account for year ending 31st Dece**
INCOME
2024
£
Rents offices
**18726.52**
Rent shop
**6875.00**
Service Charges
**12715.14**
Bank Interest
**377.72**
Interest from Investments
**1804.33**
Other income
**458.29**
Grants (energy survey'23) (Htg grant '24) )
**555.56**
Unrealised gains from investments
**1464.31**
**42976.87**
EXPENDITURE
Grants to beneficiaries
**11770.00**
Repairs & Mtce to Property
**2636.50**
Heating and lIghting
**6448.30**
Cleaner's wages and materials
**3551.78**
Water
**1782.51**
Insurances
**1323.54**
Management Expenses Incl supplies
**5872.43**
Independent Examiner
**250.00**
Energy Survey
**0.00**
Other (including tenant's lunch)
**182.67**
Depreciation of Heatiing System
**1062.39**
**34880.12**
Surplus/Deficit for the year:
**8096.75**
Surplus brought forward 1st Jan 2024
**98710.18**
Surplus at 31st December 2024
**106806.93**|**EDMUND JONES CHARITY Account for year ending 31st Dece**
INCOME
2024
£
Rents offices
**18726.52**
Rent shop
**6875.00**
Service Charges
**12715.14**
Bank Interest
**377.72**
Interest from Investments
**1804.33**
Other income
**458.29**
Grants (energy survey'23) (Htg grant '24) )
**555.56**
Unrealised gains from investments
**1464.31**
**42976.87**
EXPENDITURE
Grants to beneficiaries
**11770.00**
Repairs & Mtce to Property
**2636.50**
Heating and lIghting
**6448.30**
Cleaner's wages and materials
**3551.78**
Water
**1782.51**
Insurances
**1323.54**
Management Expenses Incl supplies
**5872.43**
Independent Examiner
**250.00**
Energy Survey
**0.00**
Other (including tenant's lunch)
**182.67**
Depreciation of Heatiing System
**1062.39**
**34880.12**
Surplus/Deficit for the year:
**8096.75**
Surplus brought forward 1st Jan 2024
**98710.18**
Surplus at 31st December 2024
**106806.93**|**m**| |---|---|---| ||**42976.87**|| ||**11770.00**
**2636.50**
**6448.30**
**3551.78**
**1782.51**
**1323.54**
**5872.43**
**250.00**
**0.00**
**182.67**
**1062.39**|| ||**34880.12**|| ||**8096.75**
**98710.18**|| ||**106806.93**|| |||| |**Balance Sheet as at 31st December 2024**
**2024**
FIXED ASSETS
£
Steeple Lane Property
**380000.00**
COIF (at cost £35047.50; 3266.36 shares held)
**66285.22**
- bid market value at 31st Dec 2024 20.293)
Heating renewal project
**8499.11**
CURRENT ASSETS
Sundry Debtors & Payments in advance
**3753.19**
Cash in hand-at bank (0066127 & 7176793)
**22744.22**
-officers
**15.31**
Fixed Term Account
**10167.00**||| |sub total|**491464.05**| |---|---| |Heating renewal project Grant capitalised|**4444.44**| |Sundry Creditors & Receipts in advance|**212.68**| ||**486806.93**| |REPRESENTED BY;-|| |Capital Provisions-Property|**380000.00**| |Surrplus at 31st December 2024|**106806.93**| ||**486806.93**| |I have examined the above Balance Sheet and Income &. Expenditu|| |the books and vouchers, and have obtained all the information and e|| |I have sought.|| In my opinion, the accounts are properly drawn up so as to give a fa of the Charity's Affairs for the year ended 31st December 2024 P W Jenkins Independent Examiner **mber 2024** 2023 £ 19849.28 5500.00 5889.51 218.67 1779.51 1354.11 700.00 5538.76 40829.84 9361.00 2616.27 9212.39 2807.02 1752.99 1271.68 5117.93 282.00 1464.00 0.00 581.66 34466.94 6362.90 92347.28 98710.18 2023 £ 380000.00 64820.91 7642.07 5386.97 22558.86 3.59 0.00 480412.40 0.00 1702.22 478710.18 380000.00 98710.18 478710.18 ure A/cs with explanations air reflection 160225/j