REGlSfERED CHARITY NUMBER: 1067598 Re rt of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2026 for Siward James and Art(wrf ht Trust Charit Social Housin re ulator no A2566 Thorne Wldgery Accountancy Ltd Chartered Accountants 2 Wyevale Business Park Kings Acre Hereford Herefordshire HR4 7BS
Slward James and Arkwrl ht Trust Charl Social Housin ulator no A2566 Contents of the Financlal Statements for the Year Ended 31 March 2026 Page Report of the Trustees 1 to 3 Independent Examlnerf5 Rep)rt ststement of Flnanclal Actlvltles Statement of Flnanclal Position Statement of Cash Flows Notes to the Statement of Cash Flows Notes to the Financial Statements 9 to 16 Detalled Statement of Finandal Actlvlties 17
Siward James and Arkwd ht Trust Charft Social Housin re lator no A2566 rt of the Trustee5 for the Year Ended 31 March 2026 The trnstees present their report with the financial statements of the chdrlty for the year ended 31 March 2026. The trustees have adopted the provisions of Accounting and Reportfjng by Charlties: Statement of Recommended Pra¢t?¢e appllcable to charltles preparing their accounts in accordance with the Financial Reportinl Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191. OBJEcfivES AND AcrivlEs Objectlves and alms The charity is established to provlde aimshi)use accommodatlon to: 11 person5 who are resident or have at some tirne resided in the area of tsenefit. 21 ex-seN(ce pewnnel. or 31 aged or infirm persons who are resident or have at some time resided in the area of benefit. The area of benefit shall comprfse the Parfshes of Bodenham, Ford, Hope-under-Dtnmore, Humber, KImtr(t0n, Leominster, Newton, Pencombe with Grendon Warren and Stoke Prior. ACHIEVEMENTS AND PERFORMANCE Charitable a¢tlvities 23 unlts of general needs houslnq accommodatlon were managed during the year 12025: 23 unltsl. A part-time warden Is employed on slte and looks after the day to day neeils of the SIdents. FINANCIAL REVIEW Flnanclal posltlon For the year ended 31 hlarch 2026 the net (¥Rratlng surplus befo investment galns and transfers bethEen funds amounted to £25,588 12025: deficit £{56,86211. At the year end the charlty had unrestritted funds of £1,189,774 12025: £1,060,182) whlch Includes fe reserves of C39.343 12025: £48,343llexcluding fixed assets. Investments and long tem liabilitie51. At the balance sheet date, net assets amounted to £1,250,901 IZ025: [1,119.9041. The Maet value of Investments has increased by 16.3% 12025: increase 6.8%) over the year cOMpad to a rfse In the FfsE 100 index of 19.3% 12025: increase 7.6%1. In the cir¢umstan¢es, the trustees consider this to be an adequate perfomance for the year. Investment policy and objectives The trustees ensure that they obtain the best POS5ible return on thelr Investments tut taking any risks. They contlnue to monitor the situation to ensure optimum nefit Is achleved. Page 1
Siward James and Arkwri ht Tnjst Charit Soclal Housln re ulator no A2566 Re ort of the Trustees for the Year Ended 31 March 2026 FINANCIAL REVIEW Roseryes poll¢y In 24 the trustees carrfed out a revlew of thelr reserves poltcy. The purpose of vthlch to alLocate certain seNe9. A further revlew was carrfed out In 2LI)8 and reflected in the accounts. The fixed assets reserve fund balance equates to the net bwk value of the flxed assets held In the accounts. The cyclical maTntènance fund provides funds to meet future major repalrs through an annual transfer at a Level deterrnined by periodlc review by the trustees. At 31 March 2026 thls fund stood at C2LK),000. The trustees. policy is to revlew the levtl of this fund annually with a view to ensurin8 that over a three year cycle It Is adequate to meet major repalrs. The special reserve comprfses bequest funds received at the inception of the charity. The extraordinary repair5 fund is held for the futu Improvement and -buIldIng of the property of the charlty. The tru5tees' pollcy is to reW the level of this fund annually to erisure that over the lifespan of the a1rn5houses there Is a sufflclent balance to enable thelr rebuildlng. DtJrin# last year c80,)0 of Investments held In thls fun We used towards wortKs performed to the flat. These moniè5 were transferred from thls deslgnated fund to the unrestricted fLtnd to 5UPPJrt the expenditure incurred. The revenue contingency reserve is held for contingerKies such as the non-payment of seryice charyes and 15 * at about six months, annual exFendlture. Repalrs and malntènance pollcy Following reguLar in5pectlon5 the trustee5 consider the necessary paIrS and malntenance and agree priorities. Extraordlnary repalry were completed in the year amounting to over £NII12025: £1CI)KI. Rent polky Weekly ma1nteThae contbUtionS a calculated to ensure all costs are covered and are considered to be below falr rent valuations. Goin¥ ¢on¢ern The trustees conflm) that the charlty operates as a going concern. srRUCTURE, GOVERNANCE AND AIANAGEMENT GoYernin8 document Charity Commi55ign kheme dated 28 March 1995. The charlty was formally reglstered on 21 January 1998. The scheme 15 to admlnister and manage as one Chaty, the assets and property of two separate charities.. The Slward James Charity Ischeme dated 19 November 19701 and the Bodenham Homes Charity (frust Deed dated 20 December 18981. Recrultment and oppolntment of new trustees New tru5tee5 are souffht via IcKal connectlons and once appolnted are glven a copy of the governing document and Infomed of the hlstory and procedures of the charity. They are also made aware of thelr re5w)n5ibilitle5 as trustees. Rèlated partles Durfng the year a total of £1.286 was pald to one of the Trurtees being a commercial transaction for disposal of garden and site waste 12025- £2,412). The charity has received communlcatlon from the Charity Commission cfInnIng that payments of thls nature are acceptable. Rlsk manag•mt The trustees have a duty to Identify and VIeW the risks to which the charity is exp)sed and to ensure appropriate controts a in place to provide reasonable a$surae agalnst fraud and error. Page 2
Siward Jame5 anL1 Arkwri ht Trust Charit Sctlal Housln re ulator no A2566 Re rt of the Tru5tee5 for the Year Ended 31 March 2026 REFERENCE AND ADMINISTRATIVE DETAILS Reqlstered Charlty number 1067598 Prfncipal address 21 Slward Jame$ Close Bodenham Hereford Herefordshi HR1 3LS Mr T V James-AIcre Mr P Tomlinson Mrs P James-thre Ichainnanl Mrs L Tomlinson Mrs J Jones Mr R Hunt Ivlce Chalrnianl Mr T James.knre Clerk Mrs A Potter Independent Examiner Thorne Wldgery kcountancy Ltd CharteresJ kcountants 2 Wyevaie Bu5ines5 Park Kings Acre Hereford Herefordshlre HR4 7BS Solicitors Mes5rs Lloyds and Cooper 28 South stet Leominster Herefordshire HR6 8JB Bank•rs Lloyds TSB PIC 9 Corn Square Letsminster Herefordshire HR6 8LR Approved by order of the toard of trustees (ffi .... Isl.t.17ts............... ...... . and Signed on Its behalf by: Mrs P James-moore - Trustee Page 3
Inde ndent Examlnerfs Re rt to the Trustees of Siward James and Arkwri ht Trust Charit Independent examlner's report to the trustees of Slward James and Arkwrfght Trust Charlty I report to the charity trustees on my examination of the accounts of Siward James and Arkwright TrLbSt Charity (the Trust) for the year ended 31 March 2026. Responslblmtles and basls of report As the charity trustee5 of the Trust you are resFX)nsible for the preparatlon of the accounts in accordance wlth the requlrements of the Charltles Act 2011 (the Act'i. I report In re5ct of my examlnatlon of the Trust's accounts carrled out under Section 145 of the Act and In carrylng out my examination I have followed all applicabEe Directions given by the Charlty Commission under Sectlon 145I5llbl of the Act. Independent examlner's statèment I have completed my examlnation. I confirm that no material Matters haye come to my attentlon In connectlon vrith the examlnatlon SIng me cause to belleye that in any rnaterial respect: accounting records were not kept In respect of the Trust as requId by Section 130 of the kt- or the accounts do not accord with those records. or the accounts do not comply with the applicable requirements conceming the fomi and content of account5 set out in the Charfties (Accounts and Reports) Regulation5 21XJ8 other than any requirement that the accounts give a true and fair view which 15 not a rnatter considered as part of an Independent examination. I have no concems and have come acr055 no other Matters in connectlon wtth the examlnation to which ittention should be drawn in thi5 report in order to enable a proper understanding of the accounts to be reached. LJO Mr5 Lisa Weaver The A557atiOn of Chartered Certifled Accountants Thorne Widgery Accountancy Ltd Chartered Accountants 2 Wyevale Buslness Park Kings Acre Hereford Herefordshlre HR4 7BS Date:..... Page 4
Siward James and Arkwrl ht Trust Charlt Soclal Housin re uiator no A2566 ststement of Financial Activities r the Year Ended 31 March 202 31.3.26 Total fund$ 31.3.25 Total funds Unrestricted funds Endowment fund Note5 INCOIAE AND ENDOWMENTS FROM Charltable actlvltles General 78,599 78,599 73,323 Investment incomè 42,744 42.744 41.089 Total 121.343 121.343 114,412 EXPENDITURE ON Charitable activities General 95.755 95,755 171,274 Net galns on Investments 105,409 105,409 24.963 NET INCOAIEIIEXPENDITUREI TraThsfer5 between fund5 130,997 1.4051 130,997 131,8991 13 1,405 N•t movement In funds 129,592 1.405 130,997 131.8991 RECONCILIATION OF FUNDS Total funds brouqht fonyard 1,060,182 59,722 1.119,904 1,151.803 TOTAL FUNDS CARRIED FORWARD 1,189,774 61,127 1,250,901 1,119,904 The note5 form part of these flnanclal statements Page 5
Siward Jarnes and Arkwri ht Trust Charit Social Housfin ulator no A2566 Statement of Financial P051tion 31 March 2026 31.3.26 31.3.25 Notes FIXED ASSErs Tangible asset5 Investments 163,131 1.024,759 169,662 881,339 1,187,890 1,051,001 CURRENT ASSETS Debtors Cash at bank 1,401 105,063 1,766 112,062 106,464 113.828 CREDITORS Amounts fallln£ due wlthfn one year 10 15,9941 15,7631 NET CURRENT ASSETS 1,470 108.065 TOTAL ASSEfs LESS CURREbrr LIABIUTIES 1.288,360 1.159,066 CREDoRs Amounts falling due after more than one year 137.459} 139.1621 NEf ASSErs 1.250,901 1,119,9J4 FUNDS Unrestrieted funds Endowment funds 13 1.189,774 61,127 1,060,182 59,7Z2 TOTAL FUNDS 1,250,9)1 1,119,9)4 The fina ial statements were approved by the Board of Trustees and authorised for issue and were slgned on its behalf by: on Mrs P JameS.Mre - Trustee Mr R HiJnt- Trustee The notes form part of these flnanclal statements Page 6
Siward James and Arkwri ht Trust Charit lal Housln re ulator no A2566 Statement of Cash FLow5 for the Year Ended 31 A4Arch 2026 31.3.26 31.3.25 Notes Cash flows from operatlng actlvltl•s Cash generated from operations 14,886) 187,2371 Net cash used In operatlnq actlvltles 14.8861 87,237} Cash flows from InYestln4 a¢tlvltles Purch of tanglble flxed assets Purchase of fixed asset Investments Sale of fixed asset investments Interest recelved 12,31n 138.0111 {36.5881 80,CwJ) 36,996 38,215 Net cash lused Inllprovlded by Investlng actlvtties (2,1131 80,408 Chanp in cash and tash equivalènts in the reportlng perlod Cash and 5h equivalents at the beglnnlng of thè reportlry yrlod 16.9991 16,8291 112,062 118,891 Cash and cash eqUlVants at th• •nd of the reportlns perlod t05,063 112,062 The notes form part of these financial Sia¢ements Page 7
Siward James and Arkwri ht Trust Charit Soclal Housin re uiator no A2566 Notes to the Statement of Cash Flow5 for the Year Ended 31 March 2026 RECONCIUATION OF NET INCOMEIIEXPENDITURE) TO NET CASH FLOW FROM OPERAnNG ACTIVITIES 31.3.26 31.3.25 Net in¢omel(expendtture) for th• r•port5ng p•rlod (as p•r th• Statement of Flnanclal Actfvfties Adjustmtnts for: Depreciation char8e5 Gain on investments Interest received Decreasellincreasel in debtors Decrease in creditors 130,997 131.8991 8,848 1105,4091 138,2151 365 11.4721 8.468 124,9631 136,9961 14461 11,4011 Nèt cash In operatlons 14.8861 187,2371 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.25 Cash flow At 31.3.26 Net cash Cash at bank and in hand 112,062 16,9991 los,3 112,062 16,9991 105.063 Total 112.062 16,9991 105,063 The notes fom) part of these financial statements Page 8
Siward James and Arkwri t Trijst Charit Soclal Housln re ulator no A2566 Notes to the Financial Statement5 for the Year Ended 31 March 2026 ACCOUNTING POLICIES Basls of preparfn8 the fIrn¢fIl statements The flnanclal statements of the chadty. whlch Is a publlc beneflt entlty under FRS 102. have been prepared In accordance with the Charities SORP IFRS 1021 'Accounting and Reportlng by Charitles: Statement of Recommended Practice applicable to charities preparing their accounts in accordance the Flnanclal Rewrtlng Standard applicable in the UK and Republlc of Ireland IFRS 1021 (effective l January 20191., Flnanclal Reportlng Standard 102 The Flnancial Reporting Standard 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 modified by the revaluation of certain a55ets. The charity Is a reglstered soclal landlord. The accounts have been prepared und&r the historfcal cost accounting rules (except for Investments which are stated at market value at the balance sheet datel In accordan¢e wlth the Charitles Act 2011, the Houslng Act 1996. the Statement of Recommended Practice for al Housing Providers 2014. Incom• All income Is recognised in the Statement of Financial Activltles once the Charfty charftyhas entitlement to the funds, it is probable that the income will be te1ved and the amount can be measured reliably. Income pSentS maintenance CtrIbutiOnS from residents. ExpÈndltur• Uabilltles are re¢ognlsed as expendlture as soon as the Is a legal or constructive obligation commltting 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 15 accounted for on an accruals basls, Incluslve of VAT and has been classified under heading5 that aggregate all cost related to the category. Cycllcal repalrs and malntenanc• Becau* of a programme of repair and malntenance kept under regular review. the trustees charye actual costs to the Income and expendlture account as they are incurred. Tan4ible fixed assets Depreclatlon of freehold holssing properties is charged In equal annual in5talment5. FreehoLd land is not depreciated. Because of a programme of repalr and maintenance kept under regular review. the tru5tee5 charge actual Costs to the income and expendlture account as they a incurred. Car Parf( Propertie5 Equlpment 20 years 20 - 50 years 5 years Houslng property Housing propertles are properties available for Tht and are stated at cost less depre¢latlon. Soclal Housln4 and similar When housing development5 have been financed wholly or partly by gxial housln4 or sfmllar grants, the grant is held as deferred Income and released in line with the related asset to the income and expendlture account. Investments Investments are stated at market value at the balance sheet date. Unreali5ed gainsllosses are calculated a5 the difference between OFening and (Losing market values and are taken to the Statement of Financial titIes. Page 9 continued...
Siward James and Arkwri ht TTU5t Charit Soclal Housin re uiator no A2566 Notes to the Flnanclal Statements - contlnued for the Year Ended 31 March 2026 ACCOUNTING POLICIES- contlnued Tanglblè fixed assets Debtor5 Trade and other debtors are recognised at the settlement amount, prepayments a valued at the amount prepald. Cash at bank and In hand Caih at bank and cash in hand inclvdes cash and short term highly liquid Investments wlth a short maturity of three months or less from the date of acqui51tion or opening of the deposlt or similar account. Cr•dltors and provisions Creditor5 and provfjsions a recognised where the charity has a present obligatlon resulting from a past event that wtll probably result In the transfer of funds to a third party and the amount due to settle the obligation can be meawred or estimated reliably. Credltors and pro510n5 are normally recognised at thelr settlement amount. Taxatlon The charity 15 exempt from tax on Its charfjtabie activities. Fund accountln8 Unrestrfcted funds can be used in aCcOrdae wlth the charitable objectfves at the discretion of the trustees. Restrlcted funds can only be used for partlcular restricted Purposes wlthln the objects of the charfty. Restrlctions arise when specifled by the donor or when funds are raised for particular restricted purpose5. Further explanation of the nature and purpose of each fund Is Inclu¢Jed In the notes to the flnanclal statements. Oeslgnat¢d reserves- major repalrs The Charity kheme Order requires that the trustees establlsh and malntaln a reserve fund provfded for ¢t of the income of the charlty In order to meet the extraordinary repair, improvement or rebuilding of the almshouses and other property belonglng to the charlty. Sums are utlli5ed from the resetve to the extent that major repairs expendlture In pect of houslng roperties is not funded by grants. Permanent endowment reserve The capital of the permanent endowment resèrve cannot be utlllsed wlthout the èxpress permission of the Charity Commlsslon. A woupment order issued by the Charlty Commission in 2001 authorised the Charity to borrow from the reserve for the purpose of constrLKting new housing unit5. The rnoney is bein8 repaid by annual transfer from the Revenue Reserve for a period of 25 years. Any Income is to utili5ed In accordance with the object5 of the Charity. Going concern The trustees have considered the Impact of the Uk's current e¢onomic pressure5 on the future flnances of the Charity and believe that due to the nature of its Income and expenditure, together with its hlgh level of Investment assets. It VAIL be in a position to contlnue for the foreseeable future. At the year end the charlty had Investments worth rnore than £8(0,0 and net Current assets of £108,065. Rental Income adequately covers the expendlture. hlaintenance of propertles can be reduced to a minimum If there was a short term need to reduce cost5. The trustees belleve there wlll be no slgnlflcant ¢hange to its actlyities in the fOSeeable future. Page 10 contlnL*d...
Siward James and Artowd ht Tnjst Charlt Social Housin re ulator no A2566 Notes to the Flnanclal Statements - contlnued for the Year Ended 31 hiarch 2026 INVESTMENT IHCOME 31.3.26 31.3.25 Hlre of facilities Deposit account interest Sundry Income 4.051 38.215 478 3.788 36,996 305 42.744 41,089 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees. remuneration or other beneflts for the year ended 31 hlarch 2026 nor for the year ended 31 March 2025. Trus$, •xp•ns•s There We no trustees. expenses pald for the year ended 31 March 2026 nor for the year ended 31 March 2025. srAFF cosrs 31.3.26 31.3.25 Wages and salarles 22.775 19,8n The average monthly numter of employees during the year was a5 follows: 31.3.26 31.3.25 Office staff Ipart-tlmel Warden Ipart-timel No employees received enw)luments In excess of £60,CQO. The average number of employees is the equivalent of I full-tlme employee {2025: 11 Key management conslst of the trustees of the charlty. No trurtees are remunerated from thelr role. Page 11 continued...
Siward Jame5 and Arkwri ht Trust Chari S(Kial Housin re ulator no A2566 Notes to the Financial Statements" continue for the Year Ended 31 March 2026 COMPARATIVES FOR THE STATEAIENT OF FINANCIAL ACTIVITIES Unrestrirted funds Endowrnent fund Total funds INCOIAE AND ENDOWMENTS FROM Charitable activltles General 73,323 73.323 Investment Income 41,089 41,089 Total 114,412 114,412 EXPENDITIJRE ON Charftsble artlvftle5 General 171.274 171,274 Net gains on Investments 24,963 24,963 NET INCOME/{EXPENDITURE) Transfers between funds 31,8991 11,4051 131,899 1,405 Net movement in fund5 133,3041 1,405 131,8991 RECONCILIATION OF FUNDS Total funds brought forward 1,093,486 58.317 1,151,803 TOTAL FUNDS CARRIED FORWARD 1,060,182 59,n2 1,119,904 SURPLUSIIOEFICIT} FOR THE YEAR The 5urpluslldeflcltl for the year 15 stated after charglng". 31.3.26 31.3.25 Depreciation Independent examlners fee 8,468 3,206 3.510 Page 12 continued...
Siward James and Arkwri t Trust Charit Social Housin re lator no A2566 Notes to the Financlal Statements - continued for the Year Ended 31 March 2026 TANGIBLE FIXED ASSErs Freehold property Plant and machlnery Totals COST At 1 April 2025 Addltlons Disp)saLs 363,782 7,119 2,317 11,7801 370,901 2,317 11,780} At 31 Marth 2026 363,782 7,656 371.438 DEPRECIATION At 1 April 2025 Charge for year Eliminated on di5POsal 194,120 8,468 7,119 380 11,780} 201,239 8,848 11.7801 At 31 Ilarch 2026 202.588 5.719 208.307 BOOKVALUE At 31 March 2026 161.194 1,937 163.131 At 31 March 2025 169,662 169,66Z The freehold housing wa5 professional valued as at 31 March 1996 at Its open market value wlth vacant Possession for residential use, the value being £1.OC(I,CKJO. The number of let units in management at the en of the year was 2312025: 231. Freehold land includes a car park at the cost of £8,OCIJ. FIXED ASSET INVESTMENTS Listed investments AIARKET VALUE At 1 2025 Addition5 Revaluations 881,339 38,011 105,409 At 31 hlarch 2026 1.024,759 NET BOOK VALUE At 31 March 2026 1.024,759 At 31 March 2025 881,339 There We no investment a$3ets outside the UK. c.ost or valuatlon at 31 March 2026 Is represented by: Llsted Investments Valuation in 2026 1.024.759 Page 13 continued...
Slward James and Arkwrf ht Trust Charlt Social Housin re ulator no A2566 Notes to the Flnan¢lal Statements - ¢ontlnued for the Year Ended 31 March 2026 FIXED Ass INVESTMENTS- contlnued The charfty's investment comprfses 7,191 Accumulatlcl) Shares in the National As$7atIon of Aimshou Common Investment Fund. The annual income arising from the investment is retalned withln the Fund and Its worth Is reflected In the market value of the share5. DEBTORS: AMOUIUS FALUNG DUE WITHIN ONE YL4R 31.3.26 31.3.25 Trade debtors Prepayments and accTr income 1,401 1,362 1,401 1,766 10. CREDITORS: AIAOUNTS FALLING DUE wmIN ONE YEAR 31.3.26 31.3.25 Trade credltors Other creditors 649 5,345 590 5,173 5,763 11. CREDITORS: AMOUk¥fs FALLING DUE AFfER MORE THAN ONE YEAR 31.3.26 31.3.25 Other creditors 37,459 39,162 ANALYSIS OF ASSEfs BEfwEEN FUNDS 31.3.26 Total funds 31.3.25 Total funds Unrestricted funds Endowment fund Fixed a55ets Investments Current assets Current Ilabllltles Long term liabilities 163,131 1,024,759 45,337 15,9941 137,4591 163,131 1,024,759 106,464 15,9941 137,4591 169,662 881,339 113,828 15,7631 139,1621 61,127 1,189,774 61,127 1,250,901 1,119.9J4 Page 14 contlnued...
Siward James and Arkwri ht Trust Charit Sctial Housin re ulator no A2566 Notes to the Financial Statements- continued for the Year Ended 31 March 2026 13. AIOVEMENT Im FUNDS Net movement In fund5 Tran5fer5 between funds At 1.4.25 31.3.26 Unrestrlcted funds Unallocated revenue SerVe Designated - Extraordinary PairS fund Designated - Special reserve fund Deslgnated - Revenue contingency fund Designated - Cyclical maintenance fund Deslgnated - Flxed assets reserye fund 489.743 179,267 1,511 30.000 190,000 169.661 130,997 12,937} 617,803 179,267 1,511 30,000 200,000 161,193 10,CLIO 18,4681 1.060,182 130,997 11,4051 1,189,774 Endowmènt funds Permanent endowment reserve 59,n2 1.405 61,127 TOTAL FUNDS 1.119,9)4 130,997 1,250,901 Net movement In funds, Included In the above a as follows: IrKomin8 resources Resources expended Gains and Ios5e5 ment in funds Unrestrlcted funds Unallocated revenue re*rve 121,343 195,7551 105,409 130,997 TOTAL FUNDS 121.343 195,7551 105,409 130,997 Comparatives for movement In funds Net Th)vement in funds Transfers between fun¢Js At 1.4.24 31.3.25 Unrestrirted fund5 1.093,486 131,8991 11,4051 1.060.182 Endowmènt fund Permanent endowTnent serve 58.317 1,405 59.722 TOTAL FUNDS 1,151,803 131.899 1,119,9)4 Page 15 continued...
Siward James and Arkwri t Trust Charit Sc(lal Housin re ulator no A2566 Notes to the Flnanclal Statements - contlnued for the Year Ended 31 March 2026 13. MOVEME1 IN FUNDS- continued Comparative net movement In funds Included In the above are as follow Incom?ng sources Resources expended Galns and 105ses Movement In funds Unrestrlcted fund5 114,412 1171,2741 24,963 31,8991 TOTAL FUNDS 114.412 1171,2741 24,963 131,8991 C lical maintenance fund This reserye provides funds to meet future major repairs through an annual transfer. at a level deternilned by pertodlc reeW by the Trustees in accordance WFth the Charity Cornmlsslon Scheme dated 28 March 1995. cial reserve This reserve compri5e5 bequest funds received at Inception of the charity that were surplu5 to the Snitlal expenditu on housing properties. These fund5 are avallabie to meet exwndlture for which statutory finance Is not forthcoming. Flxed assets reserve fund Th15 r¢s¢e compri*s the net book Yalue of the flxed assets In the accounts. Extraordlna Irs fund Thls fund Is held for the future improvement and re-bulldln4 of the property of the charfty. Revenue contin nc reserve Thls reserve is held for contlngencles such as non-payment of semce charges. Permanent endowrnent reserve In 2001, the Charfty Cornm1551oner5 authori5ed the Charity to trx)rrow from thelr wrmanent endo¥wnent. Subject to terms of recoupment over a perlod of 25 year$11.e. £1,405.47 per annuml, an amount of £35.135. whlch was used toward5 the building of new housing units. The rkrmanent endowment reserve comprises land, valued in 1998 at EZ6,OCQ and the accumulated value of the annual transfers made from the revenue rese under the terms of the recoupment order. 14. RELATED PARTY DISCLOSURES A total of £1,286 12054: £2,412) was paid to Mr T V James-pknore, one of the Trustees, belng a commercial transaction for disposal of garden and site waste. No amounts were outstanding at the year end. Page 16