CHARITY REGISTRATION NUMBER 1155672 LEGACY EAST ALMSHOUSE PARThIERSHIP HNANaALSTATEMENf5 FOR THE YEAR ENDED 31 DECEMBER 2024
LEGACY EAST ALMSHOUSE PARTNERSHIP CONTENTS OF THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Pa8e Report of the Trustee5 Ito8 Independent Auditor's Report 9toll Statement of Flnanclal Artlvftles 12 Balance Sheet 13 Cash Flow Statement 14 Notes to the Accounts 15to22 Llnked Charltle5- Summary SLitement of Flnanclal Actfvlt]es 23 Llnked Charltles- Summary Balance Sheet 24 Llnked Charltles- Summary Funds and Reserves The followln8 pages do not form part ofthe statutory flnarKlal ststements: Brlghtllngsea Santlago Almshouse Charlty Chelmsford Almshouse Charlty Copland Alm5hou5e Charlty Drwest Memorial Home Hoddesdon Home far the A8ed Poor John Gllders & Maskell Almshouse Charfty LouEhton Almshouse Charlty Mary Oalns Cottages Mlss Rutland's Almshouses Nethanlah Home Slr Willlam Petrds Almshou5e5 and Chapel Sprlngfield Green Almshouses Sprowston War Memorlal Trust The {Chelmsfordl Unfted Charltles The Ernest Elllah EvertttTrust The Fuller Almshouses Wrlttle Almshouses Legacy East Almshouse Partnershlp- Detalled Statement of Ftnanclal Actlvltles 26to29 30to33 34to37 38to41 42to45 46to49 SOto53 54to57 58to61 62to65 66to69 70to73 74to77 78to81 82to85 86to89 90to93 94
LEGACY EAST ALMSHOUSE PARTNERSHIP ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their reFQrt along wth the financial statements of the charity for the year ended 31 Dember 2024. The trustees have adopted the prowsions of the Statement of Recommended Practice1SORPI "Accounting and Reporting by Charitles- in preparing the annual report and financial statements of the charity. The financial Statements have been prepared In accordance with the accountlng policies set out in notes to the finanaal statements on pages 15, 16 and 17 and comply with the chariws governinE document, the charltie5 Act 2011 and Accounting and Reporting by Charities.. Statement of Recommended Piactite applicable to tharities preparing their accounts in actordance with the Financial Reporting Standard applicable in the UK and Republlc of Ireland published In October 2019. INTRODucfioN Legary East Almshouse Partnershlp ILEAPI was establlshed In 2014 as a Charitable Incorpoyated Organlsation and In 2015 took on the manaEement of six almshouse charities from Genesis HousSng Association Ltd as the corporate trustee of each of them, these were Dr West Memorlal Home, Hoddesdon Collage Home5 for the Aged Poor, Miss RutlanLI's Almshouses, Nethaniah Home, Loyghton Almshouse Charity. and Sprow5ton War Memodal Trust. between them these charities own nineteen propertles. Since then, LÉAP has become the corporate tnjstee of a further eleven almshouse charitie5, Includln8 four from Colne Housln8 Soclety, glvlng a total of seventeen charities and seventy four propertles: On 311t December 2017, LEAP betame the corporate trustee of the John Gilders & Maskell Atmshouses Charity in Clacton wlth four properties, two of which were in need of substantial repair and refurblshment. On 15th April 2018. LEAP became the corporate trustee of Springfield Green Almshouses In Chelmsford whlch has two bungalows built In 1878. On 1st July 2018 LEAP took over the corporate trusteeship from Colne Housing Society Ltd of the following four charitles: • Copland Almshouse Charity (reg no. 2267571 with four properties in Chelmsford. Writtle Almshouse Charlty (reg no. 2765821 wlth three propertles. Chelmsford Almshouse Charfty Ire8 no. 2106981 wlth 51x flèts. Brlghtllngsea Santiago Mmshouse Charity Ireg no. 2180501 with four bun8alow5 and four flats. On 29th July 2020 LEAP took over the corporate trusteeshlp of Eme5t Elijah Everitt Trust Ire8 no. 2325861 wlth four propertie5 In Southend. On 111 September 2020 LEAP took overthe corporate trusteeship of Mary Dalns Charfty Ire8 fK>, 2343131 with six propertles in Trimley St Mary, near Felixstowe in Suffolk. On 315t December 2021 LEAP took over corporate trusteeshlp of The Fuller m$house Charity I8 no. 2137031 wlth no propertles but a wnslderable fund to provide new almshouses In the Stansted Mounffltchet area. On IXI July 2022 LEAP took over the corporate trusteeship of Sir William Petre's Almshouses and Chapel (reg no. 2429541 with twelve properties and its ¢)wn chapel in Ingatestone to allow the pvIOuS trustees to retire including Lord Petre, a formef Lord LSeutenant of Essex and a descendant of Sirwilliam Petre. This almshouse tharity wa5 established in 1557. The Almshouses were 0ri8Snally bLÈiIt at a different site and were rebuilt in their current location in 1840. On 2nd October 2023 LEAP took on the mana8ement of The Ichelmsfordl United Charitles Ireg no. 2075521 wlth six properties on Moulsham Street Chelmsford. The Mlldmay Almshouses were founded byThos Mildmay In 1545, rebullt bywilliam Mlldmay in 1758. They areGrade11 Ustsd. All the above charitles have been linked to Legacy East Almshouse Partnership under a ynlting direction which took effect from l January 2020, with the Copland Ajmshouse Charity being linked with effect from l January 2022, these are aggregated together In these financial statements as restricted funds. The Fuller Almshouse Charityi Sir William Petre's Almshouses and Chapel and the Chelmsford United Charities were Ilnked in 2024. The charities of Priscilla Mansefs Fund Ifegistratlon number 1155672-51. Elizabeth Wamers Cottage I81$tratIon number 1155672-61 and the Charity of Janet Dowsett Ireglstratlon number 1155672-13 are linked to Legacy East Almshouse PJrtnershlp. The charities of Priscilla Man5ers Fund and Eli22beth Wamers Cottage are domiant and have no funds or reserves. The Charftyof Janet Dowsett wa5 removed from the Charity Commlssion register on 22 August 1995. The charities of Almshouses in Church Street Iregistrntion number 1155672-201. Baddow Road Alm5hou5e Charity IregistratSon number 1155672-271, Dame Alice Rowe Iregistration number 1155672-211, Matthew Joyce Ireglstration number 1155672-231, Queen Ellsabeth's Charity (registration number 1155672-261, Sarah Annie Bond (registration number 1155672-291, Sarah Eliza Hurrell knvem)ore (registration number 1155672-301. Sarah Nash (registration number 1155672-221, Thomas Mildmay for Ajmspeople and the Poor (registration number 1155672-251. William Davey and Others (registration number 1155672-241 and William Williams (registration number 1155672-281 are also linked to Legacy East Almshouse Partnership, these charities are all dormant and have no funds and reserves, these being transferred to The IChelmsfoTdl United Charities when it was formed on 13 Novefflber 1953.
LEGACY EAST ALMSHOUSE PARTNERSHIP ANNUAL REPORTOFTHE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 OBJECTIVES AND AcllvfnES Objectlves and alms The objects of the Charity are: l. To acquire, manage. malntain develop almshouses and othertharitableTrust propertyforthe benefit ol people In need of housin& 2. Such other purposes at the trustees. absolLrte discretion which may be charitaue according to the law of England and Wale& In furtherance of these purposes. the Charity may take over and manage established Permanent Endowment In accordance the 0ri8in31 objects of the Trusts relating to each Permanent Endowment. Appllcatlon Qf Incc4ne The income and property of the Charity must be applied solely toNvard5 the promotlon of the tharitys objects. Slgnifi¢ant artivEtles Durin8 the year ended 31 December 2024 the Charity managed se4enteen almshouse charities in the area of Esse& Suffoll Norfolk and Hertfordshlre, fourteen of which are linked tothis Charity as of 2025, to provldeaccommodation to seventy four people in need of housln Publ1¢ benefit These activities are considered to be forthe public benefft and in running the Charfty theTru5tee5 have regard forthe Charlty Commlsslon 8uidance on publlc benefit. UNKED CHARmE5 Legacy East M$hOuSe Partnershlp encompasse5 a number of Ilnked Charities that share thlsTrustees' Report and slngle set of aggregated financial statements. The linked charitles share the same charity number as Legacy East AJm5house Partnership and have the same Trustee5. The attlve Ilnked charities. thelr obSectlves arKI governlng document are asfollow5: 8rlghtllnBsea Santlago Almshouse Charlty- ¢harfty number 11556n-I The Charity Is governed in accordan with a5cheme Sealed bythecharity Cornml5511)n on 24Au8USt 1998as amended by a fvrther5cheme dated 4 Ortober 2006. The object of the Charity Is the provislon and malntenance of eight almshouse properties for benefiaaries In Brlghtlln8sea. E55ex The beneficial groups that the Charity aims to asssL underthe ternis of the Charity Stheme. are as follows: The residents of six of the almshouses shall be poor people resident in the Parish of Bri8htlioqsea who either, a. have leaming disabilities, or b. are elderly. The residents of two of the almshouses shall be poor women vtho (except In 5peclal cases to be approved by the Charlty Commission) are resident in the Parish of Bri8htlin8sea. with preference forwidows of seamen. If on Occurren of a vacancy In either of the sald two almshouses there is no suth appllcant the Wdcancy may be filled by a person descrSbed In the first benefiaal class. Chelmsford Almshouse Charity- dorlty number I5672-2 The Charity is governed in accordance with a Scheme seèled by the Charity Commlsslon on 19 September 1974 as amended by fvrther Schemes dated 18 October 1994 and 25 November 2CA The oblect of the Charity is the provision and malntenarKe of six almshouse propertles for benefigaries in thelmsford. Essex. The beneficial group that the Chaiity ams to assisL underthe terff6 of Charity Scheme. a residentswho shall (except In 5pwial cases to be approved by the CharityCommSsslonl be poor persons in the followin8 orderol prlority. perSOr who attend or until prevented by infinnity or illness attended either. a. Christ Church Unr(ed Reformed Church. New London Road. Cheltsford. or any non-conformist church or chapel in Chelmsford. Inhabitsnts of Chelrrtsford.
IEGACY &45T ALMSHOUSE PARTNERSHIP ANNUAL REI4)RT OFTHE TRUSTEES FOR THE Y&4R ENDED 31 DECEMBER 2024 LINKED CHARmES- continued Copland A]mshouse Charlty-charlty number 1155672-17 The Chartty is govemed in accordan with a Scheme sealed by the Charity Commission on 24 August 1979 a5 varied by a with a further Scheme amendment dated 4 October 2(rf)6. The object of the Charity is the prowsion and maintenance of four almshouse properties in Broomfield, Esse The benefiaal group that the Charity aims to assist, under the terrns of the Charity Scheme, are poor persons who lexcept in specÉal cases to be approved by the Charity Commission) are resident in the area of the Parish of Broomfield at the time of appointment. Dr West Memor5al Home- charlty number 1155672-3 The Charity is governed in accordance wtth a Scheme sealed bythe Chartty Commission on 9 A$t 1976. The object of the Charity is the provision and maintenance of one almshouse propertyfor benefioaries in Hoddesdon. HertFord5hire. The beneficial Eroup that the Charity aims to a5sisL underthe tern of the Chartty Scheme, are aged persons INin8 In Hoddesdon who the Trustees shall consider to be the most deseNing objects of the Charity. such resldents may be of either sex but with a preference for married couple. Hoddesdon Cottages for the Aged Poor- charlty number 11556724 The Chartty is governed in accordan with ascheme sealed bythecharitycommission on 27 Aprll 1971 with a furtherscheme amendment dated 30 April 1996. The objert of the Charity is the provision and maintenance of four almshoLLse properties for beneficiaries in Hoddesdon, Hertfordshire. The benefictal group that the Charity aims to assist. under the terms of the Charity Scheme, are aged persons livin8 In Hoddesdon. such residents may be of either sex but with a preference for married couples. John Gilders & Maskell Almshouses Charity- charity number 1155672-11 The Charity is governed In accordance with a Scheme sealed by the Charity Commisslon on 26 February 1998. The object of the Charity is the provision and maintenance of fouralmshouse properties for benefici8Ties In aacton, E55e The beneficial group the Charity aim5 to assist under the terms of the Charity Scheme are poor persons of good chararter who have been resident in the former urban distritt of aacton. Essex for a period of not le55 than two years preceding the time of their appointmenL Preference shall be given to persons who have been resident in the former parish of Great Clatton. Loughton Almshouse Charity- charlty number 1155672-9 The Charity is governed in accordance with a Scheme sealed by the Charity Commi55ion dated 14 October 1981. The objects of the Charity is the prwsion and malntenance of four almshouse properties for beneficiaries in Loughton. Essex. The benefiaal group that the Charity aims to assist, under the temis of the Charity Scheme. are pwr persons who are inhabitants of the ancient parish of Loughton. Esse Mary Dains Cottsges- charlty nLEmber 1155672-16 The Charity is governed in accordance with a Scheme sealed by the tharity Commission on 23 January 1961 with a further Scheme amendment dated 22 March 1989. The objects of the Charity is the prowsion and maintenance of six almshouse properties for beneficiaries in Trimley St Mary. Suffolk The beneficial group that the Charity aims to assist. underthe terrrs of the Charity Stheme, are poor persons of good character resident in the area of benefit with a preference for: lal persons qualified as above and bek)nging to a non-confomiist denomination: Ibl persons who are resident in the parishes of Falkenham, Kirton. Trimley St. Martin and Trimley SL Mary.
LEGACI ALM$HoUSE PAKfNERSHIP ANNUAL REPORT OF THE TRUSTEES FOR TrIE YEAR ENDED 31 DECEMBER 2024 LINKED CHARtriES- continued Mlss Rutland's Almshouse Charity-db3rity number 115567Z-7 The Charity 15 governed in accordance wtth a Scheme sealed by the (harity Commis&on on 17 January 1979 a further kheme amendment dated 10 December 1996. The objects of the Charity ts the provision and mairbtenance offour almshouse properties for beneficiaries in Hempstead. Essex. The beneficial group that the Charity aims to assist. under the terms of the CharTty Scheme, are aged person£ who are poor, invalid or infirm and a resident in the parish of Hempstead. EsseL If there is nosuitably qualified applicanL a peOn resident in an adjoining parish who is otherwise duly qualified may be considered. Nethaniah Home-dwTIty nwnber 1155672-8 The Charity is govemed in accordance with a Scheme sealed by Charity Commission on 6 March 1953 with a further Scheme amendments dated 17June 1960. 11 July 1977 and 28 July 199& The object of the Charity is the provision and maIntenae of four almshouse properties for beneficiaries in IpThrych. Suffolk. The beneficial groupththeCharityaintO assist, Underttern of thechaiitykheme. adeSerVIngperSOns0f either sexfrom Ipswich and being also either aged persons or persons completely and pemianently physicalFy dabled. Two beneficiaries shall be parishioner5 and communicants at the Parish thurch of the EcdesiastiL31 Parish called the United Parish of St Mary Stoke wth St Peter and St Mary Quay, Ipswch and shall be nominated by the Rector of the said ecclesiastical parish. The remaining beneficiaries shall be persons of any denomination but preference shall be given to members of the Church or Congregation of the Stoke Green Bapti# Chapel at Ipswich. Slr Wiliam Petre's Almshouses and Chapel- tharfty number 115S672-18 Thè Charity is governed in accordance wth statutory instrument 1977 no. 456 9th March 1977 Isdmel- 16th December 1976 and order dated 25 October 2(4)6. The object of the Charity 15 the provision of almsknuses for poor persons of the Roman Catholicf3ith who are not less than SQ years of age at the time of appointment. The beneficial group that the Charity aims to asstsl Undert terms of the Charttyscheme are people over50, in need of housln& and of Roman Catholic faith. Springfield Green Almshousts-¢harfty number 11s%n-12 The Charity is govemed in accordance with a Scheme sealed by the Charity commison on 22 Qktober J976 with a fvrther Scheme amendrnent dated 19 July 2018. The objects ofthe Charity is the pmision and maintenance of two almshouse properties for beneficiaries in Springfield. Esse The beneficial group that the Chartty aim5 to as5i5t. uThJertheterms of the Charity Stheme. are poorwidows orspinstersof good ch3Tacter who are not less than 55 years of age being membeF5 of any Proiestant denomination and who a bom in the area of the Ecclesiastical Parish of AJI Saints. Springfield as constituted on the 19 February 1916or{exceptin speaal cases to be approved bythe CharityCommi55ionl have Eded in the said area for not le5Sthan six months next precedingthetimeof appointmentwith prefenCegiVen to persons qualified as aforesaid who afe Mem1$ of the thurch of England. Sprowston War Memorial Tt- tharity number 1155672-10 The Charity is governed in accordance wrth a Stheme sealed bytheCharityCommi5sion on 21 July 1986with a further Stheme amendment dated 12 March 199& The object of the Charity 15 the provision and maintenance of two almsh(xtse properties for nefiCiarIeS in SprOwsto Norfolk. The beneficial group that the Charity aims to as5isL under the terms of the Charity Scheme. except under special cirthmstances to be approved by the Charity Commission. shall be residents who qualify in the fdlowing cla55es and In the following order of priority: Aged relatives of men who were resident in the Ecclesiartical Parish of St Mary and St Margaret with St Cuthbert. Sprovthon and were killed or died while serving in the armed forw during the Great War of 1914 to 1918; Men resident in the said Ecdesiastical Parish vtho served in the armed forces during the said war. Poor persons residerbt in the said EcdeaStiCal Parish: Poor persons resident in the Diowe of Norwch. Norfol
LEGACI EAST ALMSHOUSE PARTNERSHIP ANNUAL REPORTOFTHE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 UNKED CHARrnES- ¢ontTnued The {Chelmsford} Unlted Charlties- charlty number 1155672-19 The Charity is governed by a scheme dated 13 Nov 1953 as amended by scheme dated IS March 1999 a5 amended on 24 Nov 2011 as amended by resolutlon dated 02 Sep 2016 as amended by resolution dated 30 Sep 2023. The objett of the Charrty Is the malntenance and improvement of the almshouse for the benefit of the almspeople and the poor of Chelmsford. The Ernest Elljah EvertttTrust- charfty number 1155672-15 The Charity is Boverned In accordance with a conveyance dated 9 December 1957. The object of the Charity 15 the provision and maintenance of four almshouse properties for beneficiaries in Southend. Essex. The beneficial group that the Charity aims to assist, under the tems of the Charity Scheme, are aged and needy persons connected wlth the Union of Evangelical Churches or other Free Church body residing In the county borough of Southend-on-sea. The Fuller Almshouses-charlty number 11556n-31 The Charity is Boverned In accordance with a kheme of the Charfty Commissioners dated 20 March 1991as amended by scheme dated 25 May 1999 as amended by scheme of 4 Ortober 2006. The objert of the Charity is provislon of almshouses for women In need a8ed 60 or over. Ifthere are no sultable quallfied women then poor men of not less than 60 yeats of a8e may be residents. The benefiaal group are older women of Stansted MounffitcheL Writtle Almshouse Charlty- charlty number 1155672-14 The Charity Is governed in accordanco wlth 3 Scheme sealed by the Charlty Commisslon on 14 January 1977 wlth a further Scheme mendment dated 4 October 2006. The object of the Charfty Is the provi51on and m3lntenance of three alrnshoe propertles for beneficiaries in Writtle, Esse The beneficial group that the Charity alms to asslst, under the terms of the Charity Scheme, are persons in need who lexcept In speclal case5 to be approved by the Charity Commisslon} are resldent In the area of the Anaent Parish ol Writtle at the time of appointment. ACHIEVEMENT AND PERFORMANCE The Trustee Body: A fLtII meeting of trustees was held four tSmes In 2024 to revlew and conflmi all actions whlch had taken place In the preceding quarter as well as to conslder and deade on future strategy and attions. These meetings Vre all held In person at a village hall In Copford. near Colchester. Policies were kept under constant review including thatof delegated authorities to the aerk and tothe four members of the Property sub- committee to ensure the efficient runnlng of all the seventeen charlties under LEAP. Involvln8 seventy four properties. One newTtustee wa5 appointed. Throughout the year there wa5 almost dally contact between the Chairman and the Clerk by email, and often Involving othertrustees a5 a means of ensuring that decisions are made in a timely and prompt manner. Almshouse Resldents One new resident was appointed to The Ernest Elijah Everitt Trust at 3 Colchester Road, one new resident was appointed to John Gilders and Maskell Almshouses Charity at 217 Coppins Road, one new resident Was appointed to Mary Dains Cottages at 100 Main Road, one new resident was appolnted to Brightlingsea Santlago AlhOuSe Charity at 8 Santiago Cottages, one new resident was appolnted to BriEhtling5ea Santiago Almshouse Charity at 2 Santiago Cottages to live with her partner who was already in s5tu and one new resident was appointed to Sprowston War Memorial Trust at 104 North Walsham Road. Repayment plans were put in place for five residents who had got behind with their weekly Mairtenance Contribution5 Ithe equlvalent of rent) caused by the Covid pandemic. These arrears will be pald off gradually overtime.
LEGACY EAST ALMSHOUSE PARTNERSHIP ANNUAL REPORT OF THE TrUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 ACHIEVEMEKfAND PERFORMANCE- contlnued Almshouse Propertles In addition to routlne property management and Maintenan issues whSch arose durfng the year. the trustees initiated and managed several proSe¢ts including: Major refurbishments were carried out at 4 Miss Rutland Amshouses. Hempstead and 104 North Wa15ham Road, Norwl¢h Isprowston war Memorial Tru5tl. Redecoration was carried out at a number of almshouses. being one at Coppins Road (John Gilders and Maskell Aimshouses Charity), two at Mary Dains, one at Santiago Almshouses in BriBhtlingsea, two at Springfield Green. one at Roman House IChelm5ford Almshouse Charity) and one at Colchester Road mie Emest Elijah Everitt Trust). Replacement of guttering at Mary Dains Cottages. Concluslon: Finally* as Chairman, I should like to record my thanks especially to the aerl Clare Heyes, who has once agaln continued to work hard throughout 2024; to Vice- Chairman, lan Dudley for his help and support throughout the year, and a blg thank you to all of the trustees for theSr commitment and dedication in man38in8 all seventeen tharities and successfully providing seventy four homes to residents. FINANCIAL REVIEW Flnanclal Posltlon The Ch3rit¢s fsnanclal posltlon15 as set out In the Balance Sheet on page 13 and Is consldered satlsfartory. Reserves Pollcy The Charitvs pollcy on reservesls to maintaln sufficSent reserves to enable the Charity to conlinye to achleve its prlncipal oblectlves. FUTURE PLANS LEAP has establlshed malntenance fund5 for the proper management of the propertie5 going forward for all of the tharltles under It5 management. LEAP wlll ensure there are due processes in pla wlth regard to the welfare of the residentlsl by slgnp05tin8 them to care a nd support services should they request it. Trustees are Investl8atln8 the possibllity of providing a further almshouse on land owned at the Writtle Almshouse Charty. Trustees aTr looking to prode car parking at Copland Almshouse Charlty. The trustees remain keen to see that the funds In the Fullets Almshouse Charlty be used In the acquisition of almshouse propertle5 In the Stan5ted Mountfitchet area. An opportunity has been identified io acqLtlre three new properties which will be built in 2025. We remain In contact with Councillors of the Parlsh Councll about opportunities to Use this money for the benefrt of resldents In that area. srRucfuRE, GOVERENANCE AND MANAGEMENT Govemlng Document Legacy East Almshouse Partnership Is governed in accordance with a constltutlon dated 11 Dember 2013. Methods adopted for recrultment and appolntment of Trustee5 The Trurtees are appointed through co-option by existing Trustees and who need to have experience ol mana8ing almshou5e5 and almshouse charities or who can offer expertise of benefit to almshouse charitie5. As vacan¢ies for Trustees arise application5 are sought from potential candidates known to the Trustees and other witable local people. Applicants are then considered by the Trustees and appointments made by re501ution of the Trustees. Pollcles and Procedures adopted forthe Indurtlon and tralnlng of Trustees New Trustees are briefed by the Chairman and the aerk on the history and actlvities of the Charity. They are provided with a copy of the Charity Commission publication 7he Essential Trustee" detailing their fesponsiblllties and providing guidance on belng a Trustee. NewTrustee5 are provided with a Copy of the Charity Scheme and the latest account& Oryanlsatlonal Structure of the Charlty Day to day administration of the tharity is carried out by the Clerk who reports to the Trustees. In addition, the Clerk malntains a good working relationship with Melissa Hill, a derk of another almshouse charity, such that if she needs some help of whatever sort, she h3S someone she can rely on forthat supporL
LEGACY EAST ALMSHOUSE PARTNERSHIP ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STRucfuRE, GOVERENANCE AND MANAGEMENT- continued Related Partie5 Legacy East Alrr6hou5e PartnehIp acts as corporate trustee for seventeen alShoUse charrkne5, these are Brightling5ea Santiago Almshouse Charity. thelmsford AJrn5house Charity, Copland Almshouse Charity. Drwest Memorial Home, H(Kldesdon Cottage Home5 for the Aged Poor, John Gilder5 Maskell AmshoLtse Charity, Loughton AlrrLshouse tharity. Mary Oains Cottages, Mi55 RLFtland's Almshouse5, Nethaniah Home. Sir William Petre's Almshouses and Chapel. Springfield Green Alrrrshou5es, Sprowston War Memorial Trus¢ The Ichelmsfordl Unfted Charfcies. The Ernest Elijah Everitt Trus( The Fuller Alhouses. a1 Writtle Amshouse Charity. The Clerk to the Charbty is atso aerk to other almshouse charitie5. ststement of Major Rlsk5 As an integral part of their management policythe Trustees maintain regularthecb on riskfattorswhich may adversely affectthe Chartty. Through the employment of professional advisors the Trustees seek to ensure that all of the Charitrfs management and decision maknng processes take full account of. and CoMYVth. relevant legislation and regulatory controb. REFEREN ANDADMINISnlATIVE i)EfAIiS Charity Name Legacy East Almshouse Partnership Other Narnes Charlty Reglrtered Nwnber 1155672 Address of Principal Office Newbridge Hill West Bergho C06 3ER Trustees The Trustees who served during the year and to the date ofthis report were: Peter Hill (Chairman) lan Dudley (VI Chaitman) Christopher Andrew5 Diana Hoy Robert Neve Manda O'conndl Adam Edwards Kevin Dale Mark We5tall (appointed 16 February 2024) Clerk tothe Charlty Mrs Clare Heyes 18 Newbridge Hill West 8ergholt Essex C06 3ER 07803 )8686 Auditors T C Group Town Wall House 4 Balkerne Hill Colcherter E55ex C03 3AD
LEGACY EAST ALMSHQUSE PARTNERSHIP ANNUAL REPORTOFTHE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 REFERENCE AND ADMINlSfRATIVE DAlLs- contlnued Bankers The C(Foperative Bank Delf House Southwzy 5kelmersd3le WN8 6WT STATEME1 OFTRUSTEE5 RESPONSIBILITIES The Tnjstees afe responsible for preparing the Trustee5' Report and the financial statements in accordance with applicable law arKI United Kingdom Accounting Standard5 (United Kingdom Generally Accepted Accounting Practicel. The law applicable to char5tses in England and Wales requires the Twstees to prepare financial statements for each financial year which give a true and fair Mew of the Charity and of the incoming resoufces and application of $0(eS of the charity for that period. In preparing these finanual statements. the trustees are required to.. Select suitable accounting policies and apply them consistentlyi Observe the methods and principle5 in the Charitiès SORP. Make judgements and estimates that a rEasunable and prudentr. State whether appliCae accounting standards and statements of recommended prartite have been followed. subject to any material departure5 disclosed and explained in the financial staternent5,' and Prepare the financial statements on the Eoing concern basis unless It is Inappiopriate to presume that the charity VMII continue Ill operation. The Trtlsrees are responsible for keepin8 proper accountinB records that disdose with reasonable accuracy at any time the finanaal position of the charity and which enable them to ensure th the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the prow5ions of the Trust Deed. The Trustees are also responslble for safeguarding the assets of the charity and. hence. fortaking reasonable steps for the prevention and detecbon of fraud and other irre8ularrties. The Trustees are responsible for the maintenance and irtegTity of the tharity and financlal information induded on the Charity Commissions website. Legislation in the United Kingdom goveming the preparation and dis5ernination of financial statements may differ from legislation in otherjLsrisdictions. z)r tx¥•') Approved by order ol the board of trustees on............................... . and signed on its behalf by= Peter Hill-Trustee
REPORTOFTHE INDEPENDENT AUDoR5 TO THE TRUSTEES OF LEGACY EAST ALMSHOUSE PARTNERSHIP Oplnion We have audited the finanoal ststements of Legacy East Amshouse Partnership for the year ended 31 December 2024 which tomprise the Statement of Financial Activities, the Balan Sheet and notes to the financial statements, including a summary of signif icant accounting policies. The finanoal reporting framework that has been applied in their preparation is applicable law and Untted Kingdom Accounting Standarth, induding Financial ReportirE Standard 102 Yhe FinarKial Reporting Standard applicable in the UK and Republicof Iland,. In ouropinion the financial ststements: give a tr and fair wew of the state of the thaiit¥s affairs as at 31 Decener 2024 a1 of its incoming resour and application of resources. inclyding its inco and expenditure, forthe year then ended; have been properly prepared in accordan with United Kirgthm Generally Accepted Accounting Practi, indLbJirE Financial Reporting Standard 102 The Finanoal Reporting Standard applicable in the UK and Republic of Ireland,: and have been prepared in accordance with the requirements ofthe Charities Att 201L Basis ftt opinion We conducted our audr( in accordance with International Starbdards on Audibre IUK)115As {UKI) and applicable law. Our respon5ibifities underthose standards arefurther described in theAurfitors' responsibilrtiesfortheaudit ofthefinanaalstatementssettion ofour p0 We are independent of the charitable company in accordancewith the ethical requirementsthat are relevBnt to our tU1t of the financial statements in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethical resFonsibilities in accordance with these requirements. We believethat the audtt ewider we haveobtained is suffiaentand approprieto provide a bas for ouropinion. Conclusions rela togoing ¢oncem In auditing thefinancial statements. we ha conduded thatthetrustees. ofthegoin8 0)ncem basis of accounting in the preparation of the financial statements is appropri Based ontheworkwe have performed. we have not identified any material unrtaIntieS relatingto eventsorcon(fition5thaL individually or collectively, may cart significant doubt on the charity's atility to continue as a going concern for a period of at least twelve months from when the finanoal statements are authorised for issue. Our responsibilities and the responsibilities of the trLteeS with respect to goi conrn are described in the relevant sections of this report Other infoThation The other information ¢omprise5 the information incIed in the trustees. annual report. other than the financial statements and our auditorfs report thereon. The tnjstees a responsible forthe other infomiation. Ouropinion on the financial statements does not cover the other infomatlon and we do Th)t express any fomi of assuran ccfflclusion thereon. Our respon5ibilrty i8 to read the other intomiation and. in do1 so. CSIder whether the other inforniation is materially incon9Stent with the finanaal stsitements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify suth material IncoSten0eS or app3nt material misstatements. we are rEquired to detem)ine whether this gives rise to a rnaterial misstatement in the financial statements themsel. If. based on the work we have perfom)ed. we condude that there is material misstatement ofthis other inforniaticm, we a lled to report thatfacL We have nothing to rewrt in thi5 regard. Matters on which we are required to report by exception We have nothing to report in respert of the followi matters there the Companies kt 26 requires us to report to you if, in our opinion: adequate accounti records have not been kept or returns adequate forwr audtt have rnt len rlld from branches notVi5ited by us- or the financial statements are not in agreement with the accounting records and returns: or certsin disdosures of trustees. remuneration spe¢tfied by law are not maae.. or we have not reiVed all the infomiation and eX[AanatioE ¥ require forour audit: or
REPORT OFTHE INDEPENDENT AUDtTORS TO THETRUSTEES OF LEGACY EAST ALMSHOUSE PARTNERSHIP Responslbllitles oltrustees As explained more fully in the Statement of Trustees. Responsibilities. the trustees are responsible for the preparation of the finantial statements and for being satfied that theygive a true and fair wew. and for such intemal control as the trustees deterffllr is CeSsary to enable the preparation of financial statements that are free fr material misststemenl whether to fraud or error. In preparfng the financial statements. the trustees are responsible for a5se5sing the charity's abli ity to continue as a going concem, disclosin& as applicable. matters related to going concern and using the going conrn basis of accounting unless the trustees either intend to Ilquidate the charitable companyorto oase operatlon5. or have no reallstic aernati but to do so. Auditorfs responslbllitles for the auditof thefinandal statements We have been appointed as a]itOr under settion 144 of the Charities Act 2011 and report In aC£Ordan with the Act and relevant regulatlons made or having effect thereurnler. Our objertives are to obtain reasonable assurance about thether the finandal stements as a whole are free from material misstatement. whether due to fraud or error. and to iSSL a Report of the Independent Auditors th includes our opinion. Reasonable assuran is a high level of assurance. but is not a guarnntee that an audit conducted in accordance wrf(h iSAs IUKI will always detett a materlal misstatemert when fc eSts. Misstatements can arise fri)m fraud or error and are considered materlal ff. Individualfy or in the aggreEate, they could reasonably be experted to Influence the economlc dedslons of users taken on the basi5 of these finala1 statements. IrTrgularities, indudin8 fraud. are instances of non-compliance with lav•S and re8ulation5. We deSn procedures In Ilne wlth our responsibilitie5, Qutlined above, to detett material misstatements in respert of irregularit5. including fra1. Extent to whlch the audlt was consldered (apable of detect1 Irre8ularlQle5, Induding fraud The objectives of our audit. in respect to fraud. are: to identify and a$$ the risk5 of material misstatement ol the finandal statements due to fraud: to obtain suffiaent appropriate audit evidence regardingthe assessed risks of material misstatement due tofraud. through de5i8nin8 and ImplementSng appropriate sponSe$. and to respond appropriatelytofrnud orsuspertedfrdud Identilled during the audit. However, the primary responslbllty for the prevendon and detection of frdud rests with both those charyed wlth governance of the entity and its m3na8ement. Our approach was as follows: We Identlfled areas of laws and re8ulatlons that could renablY be exed to have a material effect on the financial statements from our 8eneral comffrcial and sector experience, arml through discussion with the trustees and other management las required by auditing standards). and discussed with the dirertots and other management the poliues and procedure5 regarding compliance with laws and regulatiors; We considered the legal and regulatory frameworks di¢¢1Y applicable to the finanaal statements reporting frdnwork IFRS 102. The Charities Act 2011. UK GAAP Induding Charities SORP IFRS 1021) and the relevant tax compliance regulations in the UK: We consided the risk of fRud through mana8ement override and in response. we incorporaled testing of manual joumal entries into our audit approach throughout the finanoal year. We considered the risk of fraud through assumptlons and Judgements used within the ar£ountin8 estlmates and In response. reviewed and scrutinised these esiimaies in order to detect possible mana8ement bia5: We considered the risk of fraud associated the pPar10n of the ffinanaal statements and in response. tested the thsdogjres prepared against relennt 5upporti documentati. Based on this understanding we designed our audrt PredureS to identify non-compliance V•ryth suth las and regulations. Where the rfskwas considered to be hlgher, we perfom)ed audit procedu to address each identified fraud risk.These procedures included:testin8 manual journals; reviewing the financial statement disdosure5 and testing to supporting documertation: perf0m1 analytical procedures: and enquiring of management. aThJ were dgned to provide reasonable assuryon th the ffinanaal ststements were free from fraud or error. Owing to the inherent limitations of an audit. there is an unaK¥ldable risk that we may not have detected some materfal mlsSt*ements in the financial statements, en though we have properly planned and performed our audit in accordance WTth audsting standards. For example, the further rernd non-compliance with law5 and regUtiOnS lirregularitiesl is from the nts and transactions reflected in the financial statements. the le likelythe InhentlY limited procedures rEqured by adItI standards would identify IL The risk is also greater regarding irregularities occurring due to fraud rather than error. as fraud involves intentional COnalMnL forgery. collusion. omission or misrepresentation. We are not fesponsiblefor preventing non-thmp11an and cannot beexpected to detect rCOMpliance with all laws and regulations. A further description of our responsibilitles for the autht of the finantial statements is located on the Finanaal Rep)rting Counal's website at www.frc.org.uvauditorsresponsibifitie& This descripti(m forn)s part of our Report of the IndependentAuditors. -1
REPORT OFTrIE INDEPENDEAUD0Rs TO THE TRUSTEES OF LEGACY EAST ALMSHOUSE PARTNERSHIP Use of our re This report is made solely to the charitrfs trustees, as a bDdy. in accordance with Part 4 of the Charities (Accounts and Reportsl Regulations 2008. Ovr audit work has been undertaken so that we might state to the charitrfs trustees those matters we are required to state to them in an auditols report and for no other purpose. To the fullest extent permitted bylaw. we do not accept or assume responsibilityto anyone other than the charity and the chariws trustees as a body. for our audit work, for this reporL orfor the opinions we have formed. fLo)P TCGroup StstutoryAuditors Town Wall House Balkeme Hill Colchester Essex C03 3AD z4.10.5 TC Group is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006. -li-
LEGACI EAST ALMSHOUSE PAirrNERSHIP STATEMENf OF FINANaAL ACYNrnE5 FOR THE YEAR ENDED 31 DECEMBER ZOZ4 Unrestrlcted Funds Le Almshouse Partnershl 2024 2023 Restrirted Fund Linked Charitle5 Z024 2023 Total Comblned Notes 2024 2023 INCOME AND ENDOWMEKfs FROM: Donations and legatie5 Charitable Attivities Investment Income Other Income- Fee for Research Project TOTAL 1,500 556,070 130,751 63,750 59,925 4,833 630 492,320 124,097 367.583 57,044 427,508 61,877 630 71.904 65.388 616A17 424.627 688.321 490,015 EXPENDtruRE ON: CharItae Attivitles TOTAL 38.(X)O 38,Ot)D 35,539 35,539 392,342 39L342 187.281 187,281 430,342 430.342 222.820 222,820 Nrr 29,849 224,075 237,346 257,979 267,195 NET GAINS/ILOSSESI ON IMIEsfMEIIYS io 53,341 30.162 53.341 30.162 NEf INCOME 29,849 2TI,416 Z67,508 311,320 297,357 TRANSFERS BETWEEN FUNDS OTHER RECOGNISED GAINSIILOSSESI Gain on Revalualion of Housing Propertles 1,882,954 702,428 1,882,954 702,428 MOVEMEKf IN RINDS 29,849 2,160.370 969,936 2,194,274 999.785 RECONauATION OF FUNDS: Total Funds Brought Forward Introdu Newly Llnked tharty Funds as at l January 2024 Total Funds Carrled FonKard 128,990 99,141 9.698,715 8.728.779 9.827,705 8,827,920 2,653,784 14.512.869 2,653.784 14,675,763 162.WJ4 128,990 9.698.715 9,827,705 All Incoming resources and resources expended derive from continulng actlvfcles.
LEGACY EAST ALMSHOUSE PARTNERSHIP BALANCE SHEET 31 OECEMBER 2024 Unrestrlcted Funds le Almshouse Partnershi 024 2023 Restrlrted Fund Linked Charitle 2024 2023 Total Combined Notes 2024 2023 FIXED A55Ers Tangible Fixed Assets Irsvestments Investment Property 11.443,756 1,515,326 203,560 13,162,642 ,120.348 1,170,492 11,443,756 1,51S,326 203,560 13,162,642 8,120.348 1,170.492 io li 9.290,840 9,290,840 CURRENT Assrrs Debtor5 and Prepayments Cash at Bank and in Hand 12 13 10.076 317.565 327.641 19,465 258,006 277,471 203,301 1,300.276 1.503,577 130,032 439,122 569,154 213,a77 1.617.841 1,831.218 149,497 697,128 846.625 CREDrroRS: Amounts falling duè with one year 14 164.747 148,481 73.699 68,000 238,446 216,481 NET CURREKf ASSETS 162.894 128,990 1.429,878 501,154 1.592.772 630,144 TOTALASSEfs LESS CURRENT LIA&ILJTIES 162,894 128,990 14,592.520 9,791,994 14,755,414 9,920,984 CREDITORS.. Amounts falling due after more than one ye3r 15 79,651 93.279 79,651 93,279 NEf ASSETS 17 162,894 128,990 14,512.869 9.698.715 14,675,763 9.827,705 CApAL AND RESERVES Restricied Funds Unrestricted Funds 14.512.869 9,698,715 14.512.869 162.894 14,675,763 9,698.715 128,990 9,827.705 162.894 162.894 128,99D 128.990 14.512,869 9,698.715 The financial Statements were approved by the Board of Trustee5 and authorised for issue on .... l3r* and weresigned on its behalf by.. Peter Hill- Trustee Robert Neve- Trustee .13-
LEGACI EAST ALMSHOUSE PARTNERSHIP CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestrirted Funds Restrirted Funds Linked Chartiies Almshouse Partnershi Total Combined 2023 2023 2024 2023 2024 NrrcASH FLOW FROM OPERATING AcmimES Net m0Ment in Funds Gain on Revaluation of Houng Propertie5 IGainsl/Losses on Investments Dividends from InvestEnts and Interest Decrease/llncrease} in Debtors IDecrease)ncrease in Creditors (exc Loans) Cash Provided bv/lUsed} by Operating Activities 29.849 1160370 {L8819541 153341} (122,0971 173,2691 5.550 34,259 969,936 1194,274 1702.4281 (L8819541 130.1621 1533411 157.0441 1128.7511 20.787 163,880) (12.4751 21,816 188.614 87,164 999.785 {702,4281 130.1621 161.8771 33.086 3,6601 234.744 (6.654) 9,389 16,266 52,905 {4.8331 12.299 8.815 46,130 CASH FLOW FROM INVESTING AcfMTIES Dividends fmm Investments and Interert Purchase of Investments Proceeds from Sale of Investsnents Cash Provided by/lUsed) by Inwesling Actȥttses 4.833 57.044 {147.065) 8,751 1171,551) 52WCKI 61.877 1147.0651 1171.551) 52.0(Kl 1546 4.833 {9).021) 185,1881 CASH FLOW FROM FINANaNG AcmimES Repayment of Loans Cash Used by FInana Artie$ 113.479) 113,479) 113,441) {.441} {13,479) {13N79) 113.4411 I.441) INCREASEIIDECREASEI IN CASH AND CASH EQUNALENTS $9.559 50.963 23J26 85,152 136.115 CASH AND CASH EQUNALEpifs ATTHE BEGINNING OFTHE YEAR Z58.006 207.043 439.122 353.970 561,013 IlirRODU UNKED CHARM AS AT I JANUARY 20Z4 (NOTE I) 837A28 837.828 CASH AND CASH EouniAIEpifs ATIHE END OFTHEYEAR 317565 258.1 1300276 439.122 1.617.841 697.128 The cash and cash equivalents of the Linknd Charitie5 a asfollow5: 2024 2023 Brightlingsea Santiago Almshouse Charity ChelmsFord Almshouse Charity Copland Mmslwuse thartty Dr West Memorial Horr Hoddesdon Home forthe Aged Poor John Gilders & Maskell Almshouse Charity Loughton Mmshouse Charity Mary Dains Cottages Miss Rutland's Almshouses Nethaniah Horr Sir William Petre'5 Almshouses and Chapel Springfield Green Alm5hou5es Sprowston War Memorial Trust The (Chelmsford) United Charities The Fuller Almshouses The Ernest Elijah EverTtt Trust Writtle Almshouses SI31 48,168 34.699 11344 5.331 25 41,966 36391 39,677 78.508 26,545 33,008 7.899 5.072 21.427 39.921 34.618 37,743 1.015 25.925 24,661 1,014 789,457 94210 89,619 38.072 439.122 IJOO276 -14-
LEGACY EAST ALMSHOUSE PARTNERSHIP NOTESTO THE FINANCiALSTATEMENts FOR THE YEAR ENDED 31 DECEMBER 2024 IMrRODucfioN Legacy East Almshouse Partnev5hip acts as corporate trustee for seventeen almshouse charities, these are Brightlingsea Ajmshouse Charity, Chelmsford AlTh6house Charity. Dr West Memorial Home. Hoddesdon Cottage Homes for the Aged Poor, Mi55 Rutland's Almshouses, Nethaniah Home. Loughton Almshouse (harity. Sprowston War Memorial Trust. John Gilders & Maskell Almshouse Charity, Springfield Green Amshouse5. Writtle Almshouse (harity. The Ernest Elijah Everitt Tru5L Mary Dalns Cottages. Copland Almshouse Charity, &r William Petre's Almshouses and Chapel, The Ichelmsfordl United Charities and The Fuller Almshouses. The first fourteen of the above charities Mere linked to Legacy East Afmsknuse Partnership under a unltlng dlre¢tlon effett from I January 2020. Copland hoUse tharity was link wtth effect from l January 2022. &r William Petre's Ajmshouses and Chapel. The Ichelmsfordl United Charities arml The FullerPjmsh(xeS were linked with effect from l January 2024. Legacy East Almshouse Partnership is the reporting charity and these financial statements are the aggregation for itself and all of the other linked charities. Legacy East Almshouse Partnership Is dd0$ed as an unrestricted fund the Unked Charitie5 being restrirted funds and thE totsl ank)unts being a combination of en(k)wment. unrestricted and restricted fvn¢ts. Slr William Petre's Ajmshouses and Chapel. The {Chelmsfordl United Charitie5 and The Fuller Ajmshouses asset& Ilabllttle5 and fun(ts as at 31 December 2023 ha been intrtyjuced as at ijanuary 2024. The net assets of these charitles are as follows: Slr Willlam Petre'5 Almsknuse5 and Cha1 The Ichelmsfordl United Charities The Fullef Amshouses 1.767.737 25,6n 860,375 1653,784 The funds and reserves ofthe above charities were represented by. HousSng Propertles Usted Inveslments Investment Property Net Current Assets 1,440,454 171,942 203,560 837.828 1653.784 I ACCOUNTING pouaES The followtng accounti policies ha been used consistentFy In dealing with items which a consldered materlal In relat)n to the Charitrfs accounts. General Infonnatlon and Basls of A¢¢ountl The charity con5litutes a public benefrt entity as defined by FRS 102. The accounts have been prepared in &eordance vith Accountln8 and Repory¥ by Charitles: Stement of Recommended Practice ISORPI applicable to tharities preparing their accounts in accordance with the Finanoal Reportin8 Standard applicable in the UK and Republic of Ireland issued in October 2019, Financial Reporting Standard applicable In the United rEdOM and Republic of Ireland IFRS 1021, the CharitiesAct 2011. and UK GeneralIyAPted Accountir Prdrtice. The accounts are prepared using the hlstorlcal c05t accounting rules ept that that freehold properties are Induded * valuati and investments are incIlEd at their market valu& Component ACcntil is not applied Sin the reptacement of those Ccfftp(ents ofthe property wthith haNE a shorter usefvl lrfe than the main strLKture Is not cawaised but WfTtten off as inwrred to the General FuThl or the Extraortlinary Repair Fund. Fund Accourrtl Restricted fund5 are funds ceIVed by the Charity for a specific purpose and can only be used for that purSe. Unrestricted funds are available to spend on artie$ that further any of the purposes of Charity. Designated funds are unrestricted fun(ts of the tharity which the trustees have dlded at their discretion to set aside to use fora specific purpx)se. Golng cOnrn The accounts a ppared on a golngconcem basis as tTrre are no material uncertainties about the Charits ability to ¢tInue.
LEGACY EAST ALMSHOUSE PARTNERSHIP NOTESTO THE FINANaALSTATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 Z ACCOUNTING POLICiES~ contSnued Income Income 15 recognlsed when the Charity has entitlement to the funds, any performance conditions attached to the itemlsl of Income have been met, It is probable that the Income wlll be received and the amount can be measured rellably. Income from government and othergrants, whether'capital, grant5 or'revenue, grants, 15 recogni5ed when the Charity has entltlement to the funds, any performance condition5 attached to the grants have been met, it Is probable that the income will be recelved and the amount can be measured rellably and Is not deferred. For legacies, entitlement is taken as the earller of the date on which either: the tharity Is aware that probate has been granted, the estate has been finalised and notification has been made by the executorfsl to the Charity that a distribution will be made, or when a dlstrfbution 15 received from the estate. Donations and other voluntary Income are refletted in the accounts for the period in whlch they are received. Donations In kind are recoEnised by the Charity when received except in the case of services provided free or at undervalue by voluntary staff or others which are not reflerted in the account5. Interest Recelved Interest on funds held on deposit Is Included when receivable and the amount can be measured rellably by the Charlty; thls Is normally upon notification of the InteSt pald or payable by the Bank. Expendlture Expendlture Is recognlsed once there Is a legal or constructlve obllgation to make a payment to a thlrd party, It Is probable that settlement w511 be required and the amount ol the obllgation can be measured reliably. Repalrs and Malntenance of Propertles The chaige5 in the Statement of Fin3nclal Aclivitles In respect of Cyclical Mainlenance and Extraordinary Repalr5 refleci the Tru5tees' constant concern to keep the propertles In good conditlon and are in accordance with the Almshouse Associatlons, recommendatlon that Almshouse Charities should set aglde each year speclflc sums In thls re5pett. Transfers are made from the General Fund each year to the Extraordlnary Repalr Fund to cover extraordlnary PaIrS as they arlse and to the Cycllcal Malntenance Fund to cover repalrs whlch arise on a cyclical basis. Support Costs The Charitrfs governance costs are allocated entirely to the Almshouse Costs slnce support costs relatSng to other actlvStSes are considered Immaterial. Tanglble Flxed Assets Houslng Propertles The housing properties are included in the accounts atthelr insurance value. Additlons after each revaluatlon are Included at cost untll further revaluation. The housing propertles are not depreciated as revaluations are performed with sufficient re8ularftytoen5ure that thecarrylng amounts are not materially mlsstated. The cost of refurbishment and Smprovements to the exlstin8 property are written off to the Revenue Reserve as incurred. Any major Improvements or extenslons to the property are capitalised. Investments Investments are shown on the Balance Sheet at theirmarket value. Changes In market values durin8 an accounting period are reflected in the accounts as unrealised gain5 or losses. Upon disposal of an investment the differen between market value at the beginning of the year and the disposal proceeds is reflected in the accounts as a realised galn. Investment propertles Investment properties are measured at fair value at each accounting perlod end with changes Sn falr value recognlsed as unrealised investment galns or losses In the Statemerbt of Finanaal Activities. Debtors Contributions and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid net of any discounts due. -1
LEGACY EAST ALMSHOUSE PAKfNERSHIP NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POUCIES- c¢ntlnued Cash at Bank Cash at bank and cash in indudes cash arml short tem highly liquid investments with a short maturity of the months or less from the date of acqulsition oropenI of the depostt or slmilar accounL Creditors and Prov151on5 Creditors and provisi0r are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a thiril party and the amount due to settle the obligation be measured or estimated reliably. Creditors and prowslons are nom)ally ¢08AlSed at their settlement amount. Taxatlon The Charity is exempt frorn tax on ks tharitable activitie DONATIONS AND LEGAaES Unreslrirted Funds Restrlrted Fund Unked Charltle 2024 2023 Total Comblned 2023 Imshouse Partnershl 2024 2023 Donatlon5 1,500 1,500 I,soo INCOME FROM CHARtfABLE ACTnitriES Unre Icted Fun R strlcted Fund Unked Charltles 1024 20 Tota Comblned 24 2023 Imshouse 2024 artnershl 2023 Almshouse Management Management and Administr*ion Fees 63,750 63,750 59.925 59.925 63,750 63,750 59,925 59,925 Almshouse Income Contributions Due Losses from VoSds 507,947 115.627} 492.320 377,414 19,8311 367,583 507,947 15,6271 492,320 377,414 19,8311 367,583 63,750 59,925 492,320 367,583 556,070 427,508 INVEsfMENT INCOME Vnrestrlrted Funds Restrlrted Funds Unked Charitles 2024 2023 Tota CombSned 2024 2023 Almshouse Partnershl 2024 2023 Dividends Receivable from Listed Investments Accumulated Income from Listed Investments Bank Deposit Account Interest Receivable Rent Reivable fmm Investment Propertv $78 55,551 65, 345 39,565 17.134 578 55,551 n,622 345 39.565 21,967 4,833 4.833 124,097 57,044 130,751 61,877 For year ending 31 Detember 2024 accumulation share diwdends have been disclosed as investment additions and investment income. The comparatNe amounts forthe yearended 31 December2023 have been redarIed to reflect the auMulation share dividend5. For the year ended 31 December 2023 the total investment income of the Restricted Funds - Linked Charitie5 has increased from £17,479 to £57,044 with the net gain5 on investments reduang from £69,727 to £30.162, refiecting the total accumulation share dividends ceiVed of £39,565. -17-
LEGACY EAST ALMSHOUSE PARThIERSHIP NOTES TO THE FINANCIALSTATEMEI¥TS- conlinued FOR THE YEAR ENDED 31 DECEMBER 2024 EXPENDrruRE ON cHARABLE AcllvrnES Unre5trirted Funds Restricted Funds Linked Charitses 2024 2023 Total Combined 2024 2023 Almshouse Partnershi 2(r24 2021 Almshouse Management Operatln8Costs Clerks Fees and Expenses Auditorfs Remuneration Trv5tees' Expenses Sundry Expenses Subscription Bank Charges 35,388 IA76 335 765 32.775 1.482 234 551 461 36 35.539 35.388 1,476 335 795 32,775 1,482 234 551 461 36 35.539 Almshouse Costs Vacant Property Costs Water Charges Light and Heat Insurance Repair5 and Renewals Extraordinary Repair5 Cyclical Repairs Gardenin Cleaning Bad Debts Sundry Expenses Housing loan Interest 368 1.416 19.890 9.175 31,210 34,019 5,386 12,167 1,166 371 249 4,gn 3,490 40,792 ,083 46,076 126,334 22,688 2071 368 1,416 19,890 9,175 31,210 34,019 5,386 12,167 1,166 371 249 1,544 116,961 3.490 40.792 46,076 126.334 20,871 16,998 16,998 504 1,368 296,860 1.368 296,860 116.961 Support Costs- Governan Costs Administration Fees Auditorfs Remuneration Trustees, Expenses Legal and Profesonal Fees Almshouse Assoaation Subscriptions 63,750 26,976 47.600 21.840 230 650 63,750 26,976 222 3,322 1,212 392,342 47,600 21,840 230 650 3?22 1,212 392342 70,320 70,320 35,539 392,342 187,281 430,342 222,820 NET INCOMEI{EXPENDITUREI FOR THE YEAR Unrestrirted Funds Restricted Funds Linked Charities 2024 2023 Totsl Combined 2024 2023 Almshouse Partnershi 2024 2023 Thi5 is stated after chaoing: Auditorfs Remuneration.. Audit Fee5 Ac£ountanc¥ Fees 420 1,056 1.476 7,140 19,836 26.976 6.720 15,120 21,840 7.560 20,892 28.452 7,380 15,942 23.322 822 1.482 -i&
LEGACY EAFf ALMSHOUSE PARTNERSHIP NOTES TO THE HNANCIALSTATEMENTS ontlnued FOR THE YEAR EPIDED 31 DECEMBER 2024 RELATED PATh TW4SAcnoNS AND TrusfEES REMUNERATION No trustees were remunerated year ended 31 Dember 2024 orthe year ended 31 Oecember 2023. Four trustees were reimbursed travelling expenses of £557 during the year ended 31 Dember 2024, £335 by Legacy East Almshouse Partnership and £222 by The Fullers Almshouse5. Four trustees were reimbursed travelling expenses of £464 by Legacy East Almshouse Partnership and Sprowston War Memorial Trust during the year ended 31 December 2023. Legacy East Almshouse Charity utili5ed the derk service5 of the daughter4n4aw of one of the tharity trustees. durlng the year ended 31 December 2024 the derk was paid fees of £2,850. The linked charity of Sir William Petre AlrThshouses and Chapel utilised the legal services of firm of solicitors in connection wth its housing propertles. one of the trustees Is a partner in the Fimi. The fees pald during the year ended 31 Dember 2024 were £803 and were carried out in the normal course of business on commercial terrn& Legary East Almshouse Charity received a doniw from a fim of sollat0 where one of t trustees is a partner in the firm. The donation was for £1,51)J. The Ilnked charity of Copland Ajmshouse Charity utili5ed the prOfesSnal services of firm of architects in connection wlth tts houslng properties, one of the trustees is the proprietorof the Firm. The fees paid during the year ended 31 Decernber 2024were £391 and were carried out In the normal course of busine55 on commeraal tern. There were no other related party trdnsattions during the year ended 31 Dernber 2024 or the year ended 31 December 2023. TANGIBLE FIXED ASSEfs- HOUSING PROPERTIES Restrirted Funds Unked Charltles 2024 2023 cosr OR VALUATION At beginnlng of the year Introduce Llnked Charitles houslng properties as at l January 2024 Gain on Revaluation ,120,348 7,417,920 1.440.454 1,882,954 702,428 11,443,756 8,120,348 At end of the year NEf BOOK VALUE At beginninB of the year .220.348 7.417,920 At end of the year 11.443,756 8.120,348 The housing properties were revalued during the year ended 31 f1mber 2024 to their insurance reinstatement values. The c05t or valuation as at 31 December 2024 is represented by. Cost Accumulated revaluation gains 4574,542 3.134,088 6.869.214 4,986,260 11,443,756 8,120,348
LEGACY EAST ALMSHOUSE PARThIERSHIP NOTES TO THE HNANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 10. INVEsfMENrs Restrirted Funds Llnked Charitie5 2024 2023 Ilsted Investments Market value at be8inninB of the year Introdu Linked Charities investments as at l January 2024 Additions at cost Disposal PredS Revaluatlon galnslllossesl Market value at el of year 1,170,49Z 171,942 171,551 152,(M)O) 53,341 30,162 1,515,326 1,170,492 993,265 147,065 The c05t or valuatlon a5 at 31 December 2024 b represented by: Cost Accumulated revaluation galns Ll32,747 841,432 387,802 329,060 1,520,549 1,170,492 11. INVEsfMENT PROPERTY Restricted Funds Llnked Charities 2023 Investment Property Market value at beginnin8 of the year Introduce Llnked Charities Investment property as at l January 2024 Market value at end of the year 203,560 203,560 The investment property conststs of 20.356 acres of fam)land and Its orfglnal cost is unknown. It has been induded in the financial statements at the trustees estlmation of market value. 12. DEBTORS AND PREPAYMENTS Unrestricted Funds Restrlcted Funds ilnked Charilies 2024 2023 Tota mblned 2023 Alrnshouse Partnershl 2024 202 2024 Llnked Charities Contributions in Arrears Other Debtors LeBacy East Almsh¢)use Partnership Prepayments and Accrued Income 9,542 14.089 9,542 Z4.47Z 14,089 17,643 4,815 102,429 10,521 149,497 24.472 17,643 4,815 161,012 15,817 203,301 ' 102.429 9,960 130.032 161,012 16,351 213377 561 10.076 19,465 13. CASH AT BANK AND IN HAND unrestrict Funds Restrlcted Funds Llnked Charitie5 2024 2023 Total Comblned 2023 mshouse Partnershl 2024 2023 Cfroperatrve Bank CurrentAccount COIF Deposit Account 180,496 137.069 317,S65 127.617 130,389 1,31XI,276 258,CN)6 1.300.276 180.496 439,122 1.437.345 439,122 1,617,841 127,617 569.511 697,128
LEGACY EAST ALMSHOUSE PARThIERSHIP NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 14. cREDORS. Amounts due within one year Unrestrirted Funds Restricted Funds Llnked Charitles 2024 2023 Total Combined 2024 2023 Almshouse Partnershi 2024 2023 Loans (see note 16} Linked Charities Contributions Received in AVae Other Creditors Legacy East Almshouse PartnErship Accru31s and Deferred Intome 13,352 13,203 13,352 161,012 11.243 13,203 102,429 7,298 50,641 14,089 28.821 216,481 16L012 102.429 7.298 8,361 14.089 9,542 25.049 34.837 68,OCMJ 238.446 9,542 31,102 73,699 3,735 164.747 3.772 148.481 15. CREDtroRS: amounts falling due after more than oneyear Unre51rirted Funds Restricted Funds Linked CharEtles 2024 2023 Totsl Combined 2024 2023 Almshouse Partnershl 2024 2023 Loans (see note 161 79,651 93.279 79,651 93.279 16. LOANS During the year ended 31 Marth 2015 the Hoddesdon Cottage HOMES forthe Aged Poor current account balance owed to Genesis Housing A550cialion Ltd of £84,750 was converted to an interest free loan which is p3vable over rrfteen years commenang on l April 2016. During the year ended 31 March 2015 Genesis Housing Assoaation Ltd made a loan of £73,232 to Nethaniah Home so that substantial improvements tothe housing properties could be carried out. Afurtherloan for £IO.(I)O was advanced duringthe yearended 31 December 2016. The loan is interest fe loan and is repayable overfrfteen years commenang on l April 2016. During the year ended 31 December 2(X)7 Sprow5ton War Memorial Trust [rOwed £45,CW from the Charity Bank Ltd. The loan is subject to interest at a fixed rate of 6.5% per annum and is repayable over 25 years. The loan secured on the housing properties at 104 and 106 North Wabham Road. Norwich. The loan5 are repayable in monthly instaltY*nts as follows: RestrTrrted Funds Linked Charities 2024 2023 In one year or less Betsyeen one and two yea Beeen two and five years In five years or more 13352 13,203 13.492 41.408 24,751 13.334 40.870 39,075 79,651 93.003 93,279 106,482 -21-
LEGACY EAST ALMSHOUSE PAKfNERSHIP NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 17. ANALYSIS OF NET ASSEfs BETWEEN FUNDS Net Current Assets Less Freehold Pro In¥e5tments Loans Totsl Legary East Almshouse Partnership Unrestricted Funds- General Fund 162.894 162.894 Unked Charftles Endowment Funds: Permanent Endowmerrt Funds Housing Property Reserves Housing Property Revaluatlon Reser4es Restritted Funds: Social Housing Grant Funds Unrestrirted Fund5: Cyclical maintenan Funds Éxtraordinary Repair Funds General Funds 248,362 1980 123,010} 251.342 4.182.182 6,869,214 4.20S,192 6.869.214 369.350 369.350 139,242 287.150 1,044.132 1,718,886 187,612 71,831 LIIO.814 1350,227 326.8S4 358,981 2,154,946 14.512.869 11,443,756 11,443.756 L718,886 L513,121 14,675,763 18. NoADjusT1NG POST BALANCE SHE EVE15 The FullerAlmshouses have contracted to purchase threebungalows from a newdelOprnent for£750,(MXJ.The contracts wereexchan8ed In July 2025 and a deposit of £75.0(K) was paid with completion expected to tske place in January 2026.
LEGACY EAST ALMSHOUSE PARTNERSHIP UNKED CHARITIES- SUMMARY STATEMENT OF HNANCIAL AcfiviTIES Re5trirted Fund Balances Brou Forward Newl Llnked Chari s Fund Balan$ Brou ht Forward Galns Losses Restrlcted Fund Balances Carried Forward on Galns Losses Revaluatlon on Of Housin Pro ertles Almshouse Income Investment Come Almshouse Costs Investments Year Ended 310ecember 2024 Brlghtllngsea Santiago Amshouse Charity Chelmsford Almshouse Charity Copland mshOu$e Charity Dr West Memorial Home Hoddesdon Home forthe Aged Poor John Gllders & Maskell Amshouse Charity Loughton Almshouse Charity Mary Dains Cottages Miss Rutland's Almshouses Nethaniah Home Sir William Petre's Almshouses and Chapel Springfield Green Almshouse5 Sprowston War Memorial Trust The Ichelmsfordl United Charities The Ernest Elijah Everitt Trust The Fuller Almshouses Writtle Almshouses 1,229,509 1,039,292 601.134 184,195 534,121 766.836 649.305 1,254,133 791,602 711,569 52.508 43,335 29.537 9,054 30,768 25,189 31,419 46,158 25,565 25,048 69,055 16,004 11,222 33,708 24,256 7,770 10,206 3,200 3,703 2,311 S,S73 4,347 121,195) 132,0121 {9,4641 13,1901 18,6821 115,3311 120,5861 168,0271 142,8351 123,4301 157.5391 19.4531 133,6221 118,6201 112,6371 {2,766) {12,953) {392,3421 3,488 8.205 1,363 3,082 25,668 19.251 12,834 1,917 10,349 11,763 13,246 25,335 ,177 14,255 72,023 7,660 4,788 1,627,618 14,444 1,297,748 1,088,277 638,604 198,761 570.773 799,119 679,874 1.272.718 799.582 729.873 1,859.263 474.457 226,992 1,670,491 825,931 908.093 472,313 14,512,869 5,089 2,143 6,515 5,342 1,161 2,125 1,778 7,731 1,270 5,862 3,174 1,299 1,108 9,074 46,250 2,615 124,097 1,767,737 455,294 Z42.305 25,672 1,005 4,289 4,234 616 53.341 786,505 850,375 452,915 9.698.715 19,494 492,320 9,626 1.882,954 2.653.784 Year Ended 31 December 2023 rightlingsea Santiago Almshouse Charity Chelmsford Almshouse Charity Copland Almshouse Charity DrWe5t Memorial Home Hoddesdon Home forthe Aged Poor John Gilders & Maskell Almshouse Charity Loughton Almshouse Charity 1.146,150 971.883 563,856 159,481 432,313 647.476 599,701 51,835 41,969 26,556 8,482 28,839 24.675 29,416 5,878 8,585 2,231 3,096 123.2611 123,3821 115,3851 12,9371 18,1321 18,7891 18,5151 1,391 4,600 118 1,460 592 9,174 916 47,516 35,637 23,758 14,613 78,886 89,665 24,521 1,229,509 1,039,292 601,134 184,195 534,121 766,836 649,305 4,635 3,266 F LLLLLLI Mary Dains Cottages Miss Rutland's Almshouses Nethaniah Home Springfield Green AlmshoLL4es Sprowston War Memorial Trust The Ernest Elijah Everitt Trust Writtle Almshouses 1,192,303 668,466 589,744 384,262 203,799 740,710 428,635 8,728,779 40,770 29,037 20,350 14,734 11.462 22,312 17,146 367,583 6,597 6,075 1,098 2,812 1,124 7,916 2,108 57,044 136,1111 17,5561 18,7831 16,7751 111,0871 113,5911 112,9771 1187,2811 3,674 46,900 92,825 499 ry 108,661 58,396 36,492 26,739 17,819 702,428 1,254,133 791,602 711,569 455,294 242,305 786,505 452,915 9,698.715 515b?)', 2,419 184 30,162
LEGACI EAST ALMSHOUSE PARTNERSHIP UNKED CHARrriES- BALAN(E SHEEr Flxed Assets Tan Assets Housin Pro ertles Credltors: Amounts due within One Year Credltors.. Amount due In more than Oneyear Debtors and Pre Investments ents Cash at Bank and In Hand Net Assets Year Ended 31 December 2024 Brightllngsea Santiago Almshouse Charity Chelmsford Alrnshouse Charity Copland Alm5hou5e Charity Dr West Memorial Home Hoddesdon Home for the Aged Poor john Gilders & Ma5kell Almshouse Charfty 1,086,299 814,725 543,ISO 97.756 527,736 599,846 111,880 225,140 49,148 86,078 56,022 163,Z57 21,392 7.538 13.580 5,012 19,532 15,249 82,531 48.168 34.699 11,344 5,331 22,525 14,3541 17,2941 11,9731 11,4291 18.1851 11,7581 1,297,748 1,088.277 638.604 198,761 570,773 799,119 129,6631 F }] i!]""I Loughton Almshouse Charity Mary Dains Cottage5 Miss Rutland's Almshouses Nethaniah Home Sir Willlam Petre's Almshouses and Chapel Springfield Green Almshouses Sprowston War Memorial Trust The Ichelmsfordl United Charities The Ernest Elijah Everitt Trust The Fu51er Almshouses Writtle Almshouses 560,594 1,072,235 620,982 726.917 1.512.477 390.655 244,124 1,627,618 611,279 69,006 179,833 131,176 32,039 275,469 53.903 3.620 28,321 118.394 116,890 18.710 1.718.886 11,094 1,127 11,731 6,257 49,950 5,669 2,488 16,523 4.046 3,301 8,812 203.301 41,966 36.391 39.677 12,7861 {16.868) {3,9841 17,275) (4,5301 11.6951 13,4491 11,971} 11,9981 {1,555) {2,5951 173,6991 679.874 1,272.718 799,582 729,873 1,859,263 474,457 226.992 1,670.491 825.931 908,IY33 472,313 14.512,869 129,1311 25,897 25,925 1,066 120,857) 94,210 789,457 40,023 1,300,276 407,363 11,443,756 179.6511 Year Ended 31 December 2023 Brightlingsea Santiago Almshouse Charity Chelmsford Almshouse Charity Copland Almshouse Charity Drwest Memorial Home Hoddesdon Home for the Aged Poor John Gilders & Maskell Mmshouse Charity Loughton Almshouse Charity Mary Dalns Cottages Miss Rutland's Almshouses Nethaniah Home Springfield Green Almshouses Sprowston War Memorial Trust The Ernest Elijah Everitt Trust Writtle Almshouses 1,060,631 795.474 530,316 95,839 517,387 588,083 547,348 1.046,900 608,805 712,662 382,995 239,336 596,835 397,737 8,120,348 79,628 208,425 26,269 76,747 42,064 153,692 49,553 166,481 135,029 29,660 50,545 30,373 109,604 12,422 1,170,492 14,469 15,992 13,649 4,910 12,831 5.443 14,619 14,607 12,789 10,021 459 364 2,345 7,534 130,032 78,508 26,545 33,008 7,899 5,072 21,427 39,921 34,618 37,743 1,015 24,661 1,014 89,619 38,072 439,122 13,7271 17,1441 12,1081 11,2001 17,9201 11,8091 12,1361 18,4731 12,7641 17,1091 13,3661 15,4961 111,8981 2,8501 168.0001 1,229,509 1,039,292 601,134 184,195 534,121 766,836 649,305 1,254.133 791,602 711,569 455,294 242,305 786,505 452,915 9,698,715 135,3131 134.6801 123,2861 193,2791 -2
LEGACY EAST ALMSHOUSE PARTNERSHIP UNKED CHARtriES- SUMMARY FUNDSAND RESERVES Endowment Funds Restrlcted Funds Soclal Housin rnnt Funds Housln Pro Revaluatlon Re rve Unrestrlcted Funds Extraordlna Re Funds Pernnen Endowmen Funds Housl Pro Reserves Ilcal Malntenance Funds General unds ToLIl Year Ended 31 December Z024 Brightlingsea Santiago Almshouse Charfty Chelmsford Almshouse Charity Copland Ajmshouse Charity Drwest Memorial Home Hoddesdon Home for the N4ed Poor John Gilders & Maskell Almshouse Charlty LouBhton mshoU$e Charlty Mary Dalns Cottages Miss Ruiland's Almshouses Nethanlah Home Slr Wllllam Petre's Almshouse5 and Chapel Sprlngfield Green Alm5hoyses Sprow5ton War Memorial Trust The (Chelmsford) United Charltie5 The Ernest Elijah Everitt Trust The Fuller Almshouses Writtle Almshouses 292.988 21241 1,581 60,1 299,555 35,809 15,9TI 841.573 248.952 171.750 1,440,454 101,261 114,555 658.311 793,484 497,815 37,638 228.181 534,307 425,751 230,662 372.030 513,167 72.023 289.394 106.559 1.627,618 131,279 s,( 37,433 19,742 18,155 8,694 33,132 45.976 Z6,273 20,007 28,293 24,235 13,211 14,711 2,258 6,264 ,681 38.726 31,990 15,548 19,145 16,970 68,913 27,927 13,279 26.895 7,931 8,086 19,432 3,620 26,71)0 11.408 135,290 201,1) 61,751 73,166 (7,065} 84.384 65,080 167,197 123,412 129,2101 118.949 31,126 1,297,748 1,088,277 638,604 198,761 570,773 799.119 679,874 1,272,718 799,582 729,873 1,859,263 474,457 226,992 670,491 825.931 908,093 472,313 14,512,869 ZO.814 29,730 118,866 206,540 18,533 5,455 4,454 189,563 908,093 27.750 1154.946 3SO,99S 6,869.214 14,789 326,854 22,411 358,981 251,342 4,182,182 369,350 Year Ended 31 Oecember 2023 Brlghtllngsea Santiago mShoU$e Charfty Chelmsford Almshouse Charity Copland AJm5house Charfty Drwest Memorlal Home Hoddesdon Home for the Aged Poor John Gilders & Maskell Almshouse Charity LouBhton AlmshoLtse Charity Mary Dalns Cottages Miss Rutland's Almshouses Nethaniah Home SprSngfield Green Almshouses Sprowston War Memorial Trust The Ernest Elijah EverittTrust wrfttle Almshouses 292.988 21,241 1,581 60.118 299,555 35,809 15,977 841,573 248.952 171,750 101,261 112,275 480,000 56.368 2,739,448 632.643 774,233 484,981 35,721 217,832 522.544 412,505 205,327 359,853 498,912 281,734 101,771 116,835 341.369 4.986,260 135.(X)O Z8.792 17,568 13,818 7.144 27.308 40,969 21,112 18,725 22,829 19,679 12,623 6,988 12,185 11.657 261.397 30.955 30,124 12,099 17,138 13.206 64,771 24,115 13,279 22,711 7,342 16,976 16,716 8,852 19.922 298,206 109,131 176,8S8 44,901 64,074 123,7801 73,013 56,730 175,229 137,257 128,1141 24,899 4,555 168,633 23,599 1,006,985 1,229,509 1.039,292 601,134 184,195 534,121 766,836 649,305 1,254,133 791,602 711,569 455,294 242,305 786,505 452,915 9,698.715 19.268 43.754 29,730 118,866 42,000 17,801 37.069 369,350
BRIGHTUNGSEA NTIAGo ALMSHOUSE DEfAILED STATEMENf OF FINANCIAL AcnvmES 2024 2023 INCOME AND ENDOWMETrirs CHARABLE A1VE5 Contributions Due Losses from Voids 55.1187 11579) 53,344 11,5091 52.508 51,835 INvEME INCOME M&G Multi Charity Accumulated Income Dlvidends Receivable COIF Deposlt Account Interest Reoivable 3.764 2,437 3,441 7,TlO 5.878 TOTAL INCOME 60,278 57,713 EXPENDtWRE CHARITABLE AcrivmES AlmshoLsse Costs Vacant Property C05t5 WaterCharEes Light and Heat Insurance Repairs and Renewa15 Extraordinary Repalrs Cyclical Repalfs Gardening Cleaning Bad fjebts Sundry Expenses Hous1 Loan Interest 70 1,042 5,479 4,553 1.75Z 1,510 2,294 1,470 1,166 11001 14,421 Support Costs- Goveman Admlnlrtratlon Fees Auditorfs Remuneratl Trustees, Expenses Legal and Professional Fees Almshouse $0(latIOn Subscriptlon 6,800 2,040 57 8,897 2L195 8,840 23.261 TOTAL EXPENDITURE NET INCOMEIIEXPENOITURE) BEFORE GAINS AND LOSSES 39,083 34.452 INVESfMEpif GAINSIILOSSES) 1,391 NET INCOME/IEXPENOrnJRE) 42.571 35,843 OTHER RECOGN15ED G41NSIILOSSES) GainllL05sI on Revaluation of Hou5in8 Properties 47,516 MOVEME1 IN FUNDS 68339 83,359 RECONauATION OF FUNDS Total Funds Brought Forward Total Funds Carried Forward L229.509 L297,748 1.146,150 1.229,509 This page does not fomi part of the st*utory financial statements -2
BRIGHTUNGSEA NTIAGo ALMSHOUSE DEfAILED BALANCE SHEEr 2024 2023 FIXEDA555 Tangible Fixed Assets- Housing Properties Net Book Value at Beginning of the year GainllLossl on Revaluation Net Book Value at end of the year 1,060,631 25,668 1.013,115 47,516 1,086,299 1.060.631 Listed Investments Market Value at Beginning of the year Additions at cost Dlsposal Proed5 Gain/lLossl on Revaluation Market Value at end of the year 79,628 28,764 40,81XI 37,437 3,488 1,391 111,880 1,198,179 79.628 1,140,259 CURREKf ASSErs Debtors and Prepayments Contributions in Arrears Other Debtors Legacy East Almshouse Partnership Prepayments and Accrued Income 2,085 2,320 18,049 1,258 10.749 1,400 21A9Z 14,469 Cash at Bank and in Hand Barclay5 Current Account COIF Deposlt Account 82,531 78,508 82,531 103,923 78,508 92.977 CREDrroRS.. Amounts falling due with one year Loans Contributions in Received in Advance Other Creditors Legacy East Almshouse Partnership Accruals and Deferred Income {2,1841 11.6871 {2,1701 12.0401 14,3S4} 99,569 13,7271 89.250 CURREMf ASSEfsiIuABILlES} TOTALAssEfs LESS CURRENT LBIL[nE5 1,297,748 1.229,509 CAEDtroRS: Amounts falling due after more than one year Loans NET ASSETS 1,297,748 1.229.509 cAPALAND RESERVES Endowment Fund5'. Permanent Endowment Fund Houslng Property Reserve Housing Property Rewdluation ReseNe 292.988 658.311 292.988 632,643 951,299 925.631 Restricted Funds: Social Housing Grant Fund Unrestricted Funds: Cyclical Maintenance Fund Extraordinary Repair Fund General Fund 135,000 135,CKXI 37.433 38.726 135,290 28.792 30.955 109,131 211.449 1,297,748 168,878 1,229,509 This page does not form part of the statutory financial statements -27-
BRIGHTUNGSEA &4NTIAGO ALMSHOUSE RECONauATION OF MOVEfvIENT IN FUNDS Galns Losses on Revaluatlon Of Hou51n Pro ertles Balances Brou Forward Galns Balances Caled Forward on Between Fund5 Income endltu vestments Year Ended 31 December 2024 Endowment Funds Permanent Endowment Fund Housing Property Reserve Housin8 Property Revaluatlon ReseNe 292,988 632,643 925,631 292,988 658,311 951,299 25,668 25,668 Restrlrted Funds Soclal HouslnB Grant Fund 135,000 135,000 Unresttlcted Funds Cycllcal Malntenance Fund Extraordinary Repair Fund General Fund 28,792 30,955 109,131 168,878 96 1,330 58,852 60,278 193 1,329 1,966 3.488 8,352 5.112 13,464 37,433 38,726 135.290 211,449 21,1951 21,195 Total Fund5 1,229,509 60,278 {21,195) 3,488 25,668 1,297,748 Year Ended 31 December 2023 Endowment Funds Pernianent Endowment Fund Housing Property Reserve Housing Property Revaluation Reserve 292,988 585.127 878,115 292,988 632,643 925,631 47,516 47,516 Restritted Funds Soclal Houslng Grant Fund 135,000 135,000 Unrestricted Funds Cyclical Maintenance Fund Extraordinary Repair Fund Gener31 Fund 25,486 24,505 83,0¢14 133,035 12,2941 5,600 4,752 110,3521 28,792 30,955 109,131 168,878 1,126 56,587 57,713 572 819 1,391 20,9671 123,2611 Total Funds 1,146,150 57,713 123,2611 1,391 47,516 1,229,509 This page does not fomi part of the statutory financlal statements
BRIGHTLINGSEA &4NTIAGO ALMSHOUSE ANALYSIS OF NEf ASSEfs BETWEEN FUNDS Net Current Assets Less Lon Term Loans Flxed Assets Freehold Pro Investments Total Endowment Funds: Permanent Endowment Fund Housing Property Reserve Hou5inE Property Revaluatlon Reserve Restrlrted Funds: Social Housing Grant Fund Unrestrirted Funds.. Cyclical Malntenance Fynd Extraordinary Repalr Fund General Fund 291988 6S8.311 292,988 658,311 135,IXK> 135,000 8,641 38,726 64,513 111,880 28,792 37.433 38,726 135,290 1,297,748 70,7TI 99,569 1.086,299 Housln8 Property ReseNe The Housing Property Reserve Is permanent endowment of the Charity and Is represented by the net equlty In the houslnB propertle& Houslng Propertles Revaluatlon Reserve This fund is part of the permanent endowment of the Charity and represents the surplus on revaluation of the houslng propertles. Soclal HouslnB Grant Fund The Social HousinE Grant Fund 15 a restritted fund and represents the grant recelved of £135,000 Sn connettlon wlth the hoy51n8 property Improvements. Cycllcal Malntenance Fund The CyclScal Maintenance Fund Is unrestrfcted but designated by the Trustees for future cyclScal repalrs as they arlse. A transfer Is made from the General Fund each year being a specific amount as agreed by the Trustees. Extraordlnary Repalr Fund The Extraordinary Repair Fund Is unrestrirted but designated by the Trustees for future major repairs, Improvements and rebuilding of the houslng propertles. A transfer is made from the General Fund each year belng a speclfic amount as agreed by the Trustees. The fund Is requlred by the Scheme to be speciflcally Invested wlth Income from these Investment5 added to the Fund. General Fund The Fund represents accumulated surpluses of the Charity and is avallable for the general purposes of the Charfty. This page doe5 riot form part of the statutory financial statements
CHELMSFORD ALMSHOUSE CHARITY DETAILED STATEMENT OF FINANCIALAcfivffiES 2024 2023 INCOME AND ENDOWMEKrs CHARITABLE A1v[rIES Contributlons Due L05se5 from Voids 45.214 11,8791 41,969 43,335 41,969 INVEMENT INCOME M&G Multi Charity Accumulated Income Dividends Recelvable COIF Deposlt Account Interest Receivable 8,510 7,583 1,696 1.002 10,206 8,585 TOTAL INCOME 53,541 50.554 EXPENDtruRE CHARITABLE Acrivrri£s Almshouse Costs Vacant Property Costs WaterCharBes Light and Heat Insurance RepaSrs pnd Renewa15 Extraordinary Repalrs Cycllcal Repairs Gardenln8 Cleaning Bad Debts Sundry Expenses Hou51ng Loan Interest 276 10,345 946 3,244 4,910 4,090 1,250 127 6.087 954 2,776 5.218 1,320 25,061 16,482 Support C05t5- Governance Administration Fees Auditorfs Remunerallon Trustees, Expenses Legal and Professional Fees Almshouse A550aation Subscriptlon 5.100 1,794 5.100 1,8¢)0 57 6,951 32.012 6,900 23,382 TOTAL EXPENDITURE NET INCOMEIIEXPENDITUREI BEFORE GAINS ANO LOSSES 21,529 27,172 NET INVEsfMENT GAINSIILOSSES} 8,205 NET INCOMEI{EXPENDITUREI 29,734 31,772 OTHER RECOGNISED GAINS/ILOSSESI Galn/lL0551 on Revaluation of Housing Properknes ,251 35.637 NET MOVEMENTIN FUNDS 48,985 67,409 RECONCIUATION OF FUNDS Total Funds Brought Forward Total Funds Carried Forward 1,039.292 1.088.Z77 971,883 1,039,292 Thls page does not form part of the statutory flnancial statements
CHELMSFORD ALMSHOUSE CHARir DETAILED BALANCE SHE 2024 20Z3 FIXED ASSErs TanEÈble Fixed Assets- Housing Properties Net Book Value at Beginning of the year Galn/lL0s51 on Revaluatlon Net Book Value at end of the year 795,474 19,251 759,837 35,637 814,725 795,474 LSsted Investments Market Value at Beginning of the year Additions at cost Disposal Proceeds GalnllLossl on Revaluation Market Value at end of the year 208.425 8,510 196,242 7,583 8,205 4,600 225,140 1,039,865 208,425 1,003,899 CURRENT ASSET5 Debtor5 and Prepayments Contributions in Arrears Other Debtors Legacy East Almshouse Partnership Prepayments and Accrued Income 977 801 5,505 1,056 14,089 1,102 7,538 15,992 Cash at Bank and In Hand Barclays Current Account COIF Deposit Account 48,168 26,545 48.168 55,706 26,545 42,537 cREDoR$. Amounts fallSng due wlth one year Loans Contributlons In Received In Advance Other Creditors Legacy East Almshouse Partnership Accruals and Deferred Income 11861 13,7981 11581 13,7981 13,310 13,1881 17,2941 17.1441 NET CURRENT ASSETSI{LIABiufiESI 48,412 35,393 TOTALASSE15 LESS cuRRETr LIABIUTIES 1,088,277 1,039,292 CREDrroRS- Amounts falllng due after more than one year Loans NEfASSETS 1,088,277 1,039,292 CAPITALAND RESERVES Endowment Funds: Permanent Endowment Fund Housing Property ReseNe Housing Property Revaluation Reserve 2014 21,241 793A84 19,268 21,241 774,233 835.539 814,742 Restritted Funds: Social Houslng Grant Fund Unrestricted Funds.. Cyclical Maintenaft Fund Extraordinary Repair Fund General Fund 19,742 31.990 201.006 17,568 30,124 176,858 252,738 1,088,277 224,550 1,039,292 This page does not form part of the statutory financial statements -31-
CHELMSFORD ALMSHOUSE CHARtrf RECONCIUAMON OF MOVEMENT IN FUNDS Gain5 Losses on Revaluatlon Of Housin Pro erties Balances Brou Forward Galns Losses on Investments Transfer Between Funds Balances Carrled Forward Income Ex ndlture Year Ended 31 December 2024 Endowment Funds Permanent Endowment Fund Houslng Property Reserve Housing Property Revaluation Reserve 19,268 21,241 774,233 814.742 791 755 20,814 21,241 793,484 835.539 19.251 19.251 791 755 Restricted Funds Social Housing Grant Fund Unrestricted Funds Cyclical maintenan Fund Extraordinary Repair Fund General Fund 17,568 30,124 176,858 224,550 {4.0901 13,8341 {24,0881 132,012 6,264 3,834 110.0981 19.742 31,990 201,006 252,738 918 6,532 7.450 51,802 52,750 Total Funds 1,039,292 53,541 {32,0121 8,205 19,251 1,088,277 Year Ended 31 December 2023 Endowment Funds Permanent Endowment Fund Housing Property Reserve Housing Property Revaluation Reserve 18,142 21,241 738,596 777,979 701 425 19,268 21,241 774,233 814,742 35,637 35,637 701 425 Restricted Funds Social Housing Grant Fund Unrestricted Funds Cyclical Maintenance Fund Extraordinary Repair Fund General Fund 13,368 25,200 155,336 193,904 4,200 3,564 17,7641 17,568 30,124 176,858 224,550 846 49,007 49,853 514 3,661 4.175 123,3821 123.3821 Total Funds 971,883 50,554 123,3821 4,600 35,637 1,039,292 This page does not form part of the statutory financial statements -32-
CHELMSFORD ALMSHOUSE CHARTri ANALYS15 OF NEf ASSETS BETvEN FUNDS Net Current Assèts Le5$ xed Assets Freehold Pro Investments Total Endowment Funds.. Permanent Endowment Fund Housing Property Reserve Housing Property Revaluation Reserve Restricted Fund5'. Social Housing Grant Fund Unrestricted Funds: Cyclical maintenan Fund Extraordinary Repair Fund General Fund ZOA14 20,814 21,241 793,484 Zl.241 793,484 19.742 6.858 21.812 48.412 19.742 31,990 ZOi,CM)6 1.088,277 25.tsz 179,194 225.140 814.725 Permanent Endowment Fund The Permanent Endowment Fund is pernnent endowment of the Charity with the fund balan being speclflcally Invested. Income from these investments is available for t general purposes of the Charity. Housing Property ReseNe The Housing Property ReseNe is pemBnent endowmenl of the Charlty and ts represented by the net equity In the houslng propertSes. Houslng Propertles Re¥aluatlon Reserve This fund Is part of the permanent endowment of the Charity and represents the sUlUS on revaluatlon of the housln8 propertle5. Cycllcal Malntenance Fund The Cyclical maintenan Fund is unrestricted but designated by the Trustees for future ryclical repalrs as they arlse. A transfer Is made ffom the General Fund each year beln8 a specific amount as agreed by the Tru5tee& Extraordlnary Repalr Fund The ExtrdordSnary Repalr Fund is unrestricted but designated by the Trustees fOrfutU major repair5. improvements and rebullding of the housing properties. A transfer is made from the General Fund each year bein8 a specific amount as a8reed by the Trustees. The fLtnd is required by the Scheme to be specffically invested th income from these in¥esiments added to the Fund. General Fund The Fund represents accumulated surpluses of the Charity and is available for the 8eneral purpose5 of the Charlty. Thi5 page does not fomi part ofthe st*utory financlal statements -3>
COPLAND ALMSHOUSE CHARrr DAlLED STATEMENfoF FINANCIALACtNmES 2024 2023 INCOME AND ENOOWMETrtrs CHARITABLE AcfivmES Contributions Due Losses from Voids 29.537 28,351 11,7951 29.537 26,556 INVESTMENT INCOME M&G Multi (harityAc¢umulated Irbcome Dividenils Receivable COIF DepositAccount Interest Receivable 1.516 890 1.341 3,21)0 2,231 TOTAL INCOME 32.737 28,787 EXPENDtruRE CHARITABLE A1VE5 Almshouse Costs Vacant Property Costs W3ter Charges Light and Heat Insurance Repairs and Renewals Extraordinary Repai Cyclical Repair5 Gardening Cleaning Bad Debts Sundry Expenses Housing Loan Interest 128 653 2,185 4,341 1.725 1,120 1,541 23 10.175 Support Costs- Governance Administration Fees Auditorfs Remuneration Trustees, Expenses Legal and Professional Fees Almshouse Assooation Subscription 1,542 1.560 976 5,975 5.210 15,385 TOTAL EXPENDITURE INCOMEIIEXPENDmiRE) BEFORE GAINSAND LOSSES 23.273 13,402 INVE5fMEI6AINs1{L0ssE5j 118 NEf INCOMVIEXPENDtruRE) 24.636 13.520 OThER RECOGNISED GAIN511LOSSES) GainllL055) on Revalu*ion of Housing Propertie5 23.758 NEf MOVEMENT IN FUNDS 37,470 37.278 RECONCIUATION OF FUNDS Total Funds Brought Forward Total Funds Carried Forward 60Lts4 563,856 601,134 page does not form part of the statutory financial Statements
COPL4ND ALMSHOUSE CHARITY DAlLED BALANCE SHEET 2024 2023 FIXED ASSErs Tangible Fixed Assets- Housing Properties Net Book Value at Beginning of the year GainllLoss1 on Revaluation Net Book Value at end of the year 530.316 12,834 506,558 23,758 543.150 530.316 Listed Investments Market Value at Beginning of the year Addttions at cost Disposal Proe(ts Gain/lLossl on Revaluation Market Value at end of the year 26,Z69 21,516 15,261 10,890 1,363 118 49,148 592,298 26,269 556,585 CURRENT ASSETS Debtors and Prepayments Contributions in A earS Other Debtors Legacy East Almshouse Partnership Prepayments and Accrued Income 1,363 2,730 11,469 10,083 836 13.580 13,649 Cash at Bank and in Hand Barclay5 Current Account COIF Deposit Account 34,699 33,008 34,699 48,279 33,008 46,657 CREDrroRS- Amounts falllng duè with one year Loans Contribution5 in Received in Advance Other Creditors Legacy East Almshouse Partnership Accruals and Deferred Income {4311 14521 1961 {1,5421 11.5601 11,973) 12.1081 NEf CURRENf AsSEfs/iuABILIES) 46,306 44,549 TOTAL ASSEfs LESS CURRE LIABILMES 63B,604 601,134 CREDITORS-. Amounts falling due after more than one year Loans NET ASSErs 638,604 601,134 CAPITALAND RESERVES Endowment Funds.. Pem)anent Endowment Fund Housing Property Reserve Housing Property Revaluation Reserve 1,581 497.815 1.581 484.981 499,396 486,562 Rettricted Funds: Social Housing Grant Fund Unrestricted Funds- Cyclical Maintenance Fund Extraordinary Repair Fund General Fund 43.754 43.754 18,155 15,548 61,751 13,818 12,099 44,901 95.454 638,E4)4 70.818 601,134 Thi5 page does not fom) part of the statutory financial statements -3>
COPiAND ALMSHOUSE CHARITY RECONauATION OF MoVEmEP IN FUNDS Galns on Revaluatlon Of Housln Pro erti Balances Brou Forward Galns Losses ¢n stmen Transfer Between Balances Carrled nco nd Year Ended 31 December 2024 Endowment Funds Permanent Endowment Fund Housing Property Reserve Houslng Property Rewdluatlon Reserve 1.581 484.981 486,562 1,581 497,815 499.396 12,834 12.834 Restricted Fund5 Soclal Housln8 Grant Fund 43.7S4 43,754 Unrestr4cted Funds Cycllcal maIntenan Fund Exiraordlnary Repair Fund General Fund 13.818 12.099 44.901 70A18 133 436 31,168 32,737 4,176 1556 {6,732) 18,155 15,548 61,751 95,454 457 878 1,363 9,464) 19,4641 Total Funds 601. 32.737 {9.464) 1.363 12,834 638,604 Year Énded 31 December 2023 Endowment Funds Permanent Endowment Fund Housing Property Reserve HousSng Property Revaluatlon Reserve 1.581 461,223 462.804 1,581 484,981 486.562 23,758 23,758 Restrirted Funds Social Hou51nB Grart Fund 43,754 43,754 Unrestrfcted Funds Cyclical maintenan Fund Extraordinary Repalr Fund General Fund 12,743 9,269 35.286 57,298 11.7251 2.800 2.376 15,1761 13,818 12,099 44,901 70,818 345 28,442 28,787 109 113,6601 15,3851 118 Total Funds 563,856 28,787 115,3851 118 23,758 601,134 Thls page does not fom part ofthe ststutory financlal statements
COPLAND ALMSHOUSE CHARITY ANALYSIS OF NET ASSEfs BETWEEN FUNDS Net Current Assets Less Lon Term Loans Flxed Assets Freehold Pro Investments Total Endowment Funds.. Permanent Endowment Fund Housing Property Reserve Housing Property Revaluatlon ReseNe Restricted Funds.. Social Housing Grant Fund Unrestricted Funds: Cyclical Maintenance Fund Extraordinary Repair Fund General Fund 1.581 497,815 1,$81 497,815 43,754 43,754 4,337 13.352 31,459 49,148 13.818 2.196 30,292 46,306 18.155 15.548 61,751 638,604 543,150 Houslng Property Reserve The Housing Property Reserve Is permanent endowment of the Charity and Is represented by the net equlty In the housln8 propertie& Hou51n8 Propertles Revaluatlon Reser¥e This fund 15 part of the permanent endowment of the Charity and represents the surplus on revaluatlon of the housing properties. So¢Sal Houslng Grant Fund The Social Housing Grant Fund Isa restricted fund and represents the 8rant recelved of £43,754 in connection with the housing property purchase. Cycllcal Malntenance Fund The Cyclical Maintenance Fund Is unrestricted but designated by the Trustees for future cyclScal repalr5 as they ar5se. A transfer Is made from the General Fund each year beln8 a specific amount as agreed by the Trustees. Extraordlnary Repalr Fund The Extrdordinary Repair Fund Is unre5trirted but designated by the Trustees for future major repairs, improvements and rebuilding of the housln8 properties. A transfer is made from the General Fund each year belng a speclflc amount as agreed by the Trustees. The fund Is requlred by the Scheme to be specifically Invested vlth Income fiom these Investments added to the Fund. General Fund The Fund represents accumulated surpluses of the Charity and Is available for the 8eneraS purposes of the Chadty. This page doe5 not form part of the statutory financial statements -37-
DR WEST MEMORIAL HOME OAlLED sfATEMENT OF FINANCIALAcnvmES 2024 2023 INCOME AND ENDOWMEMrs CHARITABLE AcrivrnES Contributions Due Losse5 from Volds 8.482 9.054 8,482 INVEsfMENT INCOME M&G Multi tharity Accumulated Income Dividends Receivable COIF Deposit Account Interesi Receivable 3,249 2.792 3.703 3,096 TOTAL INCOME 12,757 11,578 EXPENDTfuRE CHARITABLE AcrivmES Almshouse Costs Vatant Property Costs Water Charges Llght and Heat Insurance Repalrs and Renewals Extraordinary Repai Cyclical Repairs Gardenln8 Cleanlng Bad Debts Sundry Expenses Houslng Loan Interest 162 152 258 477 1.113 Support Costs- Governance Administration Fees Auditorfs Remvneratlon Trustees. Eypenses Legal and Professional Fee5 Almshouse A$50tiation Substdptlon 850 L170 850 1.200 57 1077 2,050 2,937 TOTAL EXPENOtTURE NET INCOMEI(EXPENDmiREI BEFORE GAINSAND LOSSES 9.567 8,641 NET INVEsfMENT GAJNS/{LOSSESI INCOmEIIEXPENDITU} 11649 io,ioi OTHER RECOGNISED GAINSIILOSSES) GalnllLossl on Revaluation of Housing Propertles 1.917 14.613 NET MOVEMENT IN FUNDS 14,566 24.714 RECONauATION OF FUNDS Total Funds Brought Forward Total Funds Carried Forvord 184.195 198.761 159.481 184,195 This page does not fomi part ofthe ststutory finanthal statements
DR WEST MEMORIAL HOME DAlLED BALANCE SHEET 2024 2023 FIXED ASSErs Tangible Fixed knets-HousirE Properties Net Book Value at Beginning of the year Gain/{Los51 on Revaluation Net Book Value at end of the year 95.839 1.917 81,226 14,613 97,756 95,839 Listed Investments Market Value at Beglnning of the year Additions at cost Disposal PredS GainllLossl on Revaluation Market Value at end of the year 76,747 6,249 67.995 7.292 86.078 183.834 76.747 172,586 CURREKfASSETS Debtor5 and PrepayTrents Contributions in Affea Other Debtors Legacy East Mmsh¢xJse Partnership Prepayments and Accr1 Income 218 4.521 171 176 5.012 4.910 Cash at Bank and in Hand Barclays CUrnt Account COIF Deposit Account 11344 7,899 11344 16.356 7,899 12,809 cREDORS. Amounts falling due wrih one year Loans Contributions in Reived in Advance Other Creditor5 Legacy East Almshouse Partnership Accruats and Deferred Income 259 1,170 1.200 1,2 CUIlRE1 ASSEfsi(UABILtllES) 14,927 11,609 TOTALASSETS LESS CURREKf UABILillES 198,761 184.195 CRED05. Amounts fallirE due after more than one year NET ASSETS 198.761 184.195 CAPITAL AND RESERVES Endowment Funds: Pemianent Endowment Fund Housin8 Property Reserve Housing ProFerty Revaluation Reserve 60.1 37.638 60.1 35.721 97.756 95.839 Restrttted Funds: Social Housing Grant Fund Unrestrirted Fun(ts.. Cyclical maintenan Fund Extraordinary Repair Fund Gerker31 Fund 7.144 17.138 64.074 ,145 73.166 101.005 198.761 88.356 184,195 Ths page does not form part ofthe st*utoryfinancial ststements -3
DR WEST MEMORIAL HOME RECONauATtON OF MOVEMENT IN FUNDS Galns Losses on Revaluatlon Of Housin Pro ertles Balances Brou Fonvard Galns Losses Transfer Between Funds Balances Carrled Fonyard on Income nditure Investments Year Ended 31 December 2024 Endowment Funds Permanent Endowment Fund Housing Property Reserve Hou5inE Property Revaluation Reserve 60,118 35,721 95,839 60,118 37,638 97,756 1,917 1,917 Restricted Funds Social Houslng Grant Fund Unrestricted Funds Cyclical Maintenance Fund Extraordinary Repair Fund General Fund 7,144 17,138 64,074 88,356 254 702 11,801 12,757 252 666 2.164 3,082 8,694 19,145 73,166 101,005 639 11,6831 {3,190} 13,190) Total Funds 184.195 12.757 13.1901 3,082 1,917 198.761 Year Ended 31 December 2023 Endowment Funds Permanent Endowment Fund Housing Property Reserve Housing Property Revaluation ReseNe 60,118 21,108 81,226 60.118 35,721 95,839 14,613 14,613 Restritted Funds Social Housing Grant Fund Unrestrirted Funds CyclScal Ma5ntenan Fund Extraordlnary Repair Fund General Fund 6,120 15,606 56,529 78,255 202 604 10,772 11,578 122 334 1,004 1,460 700 594 11,2941 7,144 17,138 64,074 88,356 12,9371 12,9371 Total Funds 159,481 11,578 12,9371 1,460 14,613 184,195 This paBe does not form part of the statutory financial statèments
DR WEST MEMORIAL HOME ANALYSIS OF NET ASSEfs 8EN FUNDS Net Current Assèts Less Lon Term Loans rjxed Assets FTeehold Pro Investments Totsl Endowment Funds: Pemianent Endowment Funds Housing Property Reserve Housing prOtty Revaluation Reserve Restrirted Funds: Social Housing Grant Fund Unrestricted Fund5: Cyclical Maintenance Fund Extraordinary Repair Fund General Fund 60,118 37,638 60.1 37,638 1.598 549 12.780 8.694 19.145 73.166 198,761 18,596 97,756 86,078 14,927 Housing Property Reserve The Housing Property Resetve pernianent endowment of the Charity and is repfesented by the net equity in the hou5inE propertie& Houslng Properties Revaluation Reserve This fund is part of the permanent endowment of the Chartty and represents the surplus on revaluation of the housing properties. Cyclical maintenan Fund The Cyclical maintenan Fund is unrestricted but designated by the TTU5tees forfuture cyclical repairs as they arise. A transfer is made from the General Fund each year being a stecific amount as agreed by the TnLttees. Extraordinary Repair Fund The Extraordinary Repair Fund is unrestrirted but deggnated bythe Tn fOrfuttJ major repaFfs. improvements and rebuilding of the housing properties. A transfer is made from the General Fund each year bng a specific amount a5 agreed bythe Trustee& The fund is required bythe kheme to be specifKally invested income from these inbEStments add to the Fund. General Fund The Fund reprents accumulated Surple5 of the thartty and arnilable forthe generdl purposes of the Charity. This page does not form part ofthe statutoryfinancial statements 41-
HODDESDON COThAGE HOMES FOR7HE AGED POOR DAlLED sfATEMENTOF FINANaALAcrnimES 21Y24 2023 INCOME AND ENDOWMEpirs CHARITABLE AcfivmES Contributions Due Losses from Voids 30.768 28,839 30,768 28,839 INVEsfMETr INCOME M&G Multi Charity ACMUlated Incon Dividends Receivable COIF Oeposit Account Interest ReIvable 052 1.530 259 93 2,311 1,623 TOTAL INCOME 33,079 30,462 EXPENDtTURE CHARABLE AcfNmES Almshouse Costs Vacant Property Costs Water Charges ght and Heat Insurance Repairs and Renewals Extraordinary Repairs Cyclical Repairs Gardening Cleaning Bad Debts Sundry Expense5 Hous1 Loan Interest 595 595 744 1,930 3.172 Support Costs- Governan A(Iministration Fees Auditorfs Rernuneration Trustees, Expenses Legal and Professional Fee5 AIMS$e Asso(iation Subscription L542 1.560 TOTAL EXPENDITURE 8.132 Nrf INCOMEIIEXPENDITUREI BEFORE GAINS AND LOSSES Z4.397 22.330 INVESTMENT GAINSIILOSSES) 592 INCOME/(EXPENDtTURE) 26,203 22.922 OTHER RECOGNSSED GAINSIILOSSES) GainllLossl on Revaluation of Housing Properties iOA49 78.886 NET MOVEMENT IN FUNDS 36.652 101.808 RECONauATION OF FUNDS Total Funds Brought Forward Total Funds Carried Forward S34,1 570.773 432.313 534.121 page dces not form part of the ststutory financial statements
HODDESDON COAGE HOMES FOR THE AGED POOR DEfAtLED BALANCE SHE 2024 2023 FIXED ASSErs Tangible Fixed Assets- Housing Properties Net Book ValLEe at Beginning of the year GainllLossl on Revaluation Net Book Value at end of the year 517,387 10.349 438,501 78,886 527.736 517.387 Listed Investments Marketvalue at Beginning of the year Addttions at cost Disposal PrOedS Gain/lLossl on Revaluation Marketvalue at end of the year 42,064 12,052 33,442 8.030 592 56.022 583.758 42,064 559,451 CURRENT ASSETS Debtors and Prepayments Contributions in Arrears Other Debtors Legacy East Almshouse Partnership Prepayments and Accrued Income 19,185 347 12,375 392 19,532 12,831 Cash at Bank and in Hand Barclays Current Account COIF Deposit Account 5.331 5,072 5.331 24.863 5,072 17,903 CREDITORS: Amounts falling due with one year Loans Contributions in Reoived in Advance Other Credito Legacy East Almshouse Partnership Accruat5 and Deferred Income {5,6501 19111 {82) 15.6501 17101 11,542) 11,5601 18,1851 17,9201 CURRE ASSETS 16.678 9,983 TOTALAS5Efs LESS CURRENT UABILrriES 600.436 569,434 CREDoR5. Amounts fallirva due after more than one year Loan5 129.6631 135,3131 NET ASSETS 570.773 534,121 CAPITALAND RESERVES Endowment Funds: Permanent Endowment Fund Housing Property Reserve Housing Property Revaluation Reserve 299,555 228,181 299,555 217,832 527.736 517,387 Rertricted Fund5: Social Housing Grant Fund Unrestricted Funds= Cyclical maintenan Fund Extraordinary Repalr Fund General Fund 33,132 16.970 17.0651 27.308 13.206 123.7801 43,037 570.773 16,734 534,121 Thi5 paEe does not form part of the statutory financial Statements
HOODESDON COThAGE HOMES FOR THE AGED POOR RECONauATION OF MOVEMENT IN FUNDS Gains on Revaluatlon Of Housin Pro ertles Balances Brou Fonvard Gains on Transfer Between Funds Balances Carrled Forward Income Investments Year Ended 31 December 2024 Endowment Funds Permanent Endowment Fund Housing Property Reserve Housin8 Property RevBluation ReseThe 299,555 217,832 517,387 299,555 228.181 527.736 10.349 10.349 Restricted Funds Soaal Housing Grant Fund Unrestricted Funds Cyclical maintenan Fund Extraordinary Repair Fund General Fund 27.308 13,206 (23,7801 16,734 4.176 1556 {6,732) 33,132 16,970 17,0651 43.037 631 31.594 33.079 577 535 {8.682} {8,6821 Total Funds 534,121 33.079 {8.682} 1.906 10.349 570,773 Year Ended 310ecember 2023 Endowment Funds Perrnanent Endowment Fund Housing Property Reserve Housing Property Revalu*ion Reserve 299.555 138,946 438,501 299,555 217,832 517,387 78.886 78,886 Restricted Funds Social Housing Grant Fund Unrestricted Fund5 Cyclical Maintenance Fund Extraortlinary Repair Fund General Fund 23,485 10.181 139,8541 16.1881 637 386 169 37 592 2.800 2.376 15.1761 27,308 13,206 123,7801 16,734 29,345 30.462 18.1321 18,1321 Total Funds 432.313 30,462 18.1321 592 78,886 534.121 Thi8 page does not fomi part of the statutory financial statements
HODDESDON COThAGE HOMES FOR THE AGED POOR ANALYSIS OF NA$sEr$ BETWEEN FUNDS Net Current Assets Less Terni Loan5 Fixed A55ets Freehold Pro Investments Totsl Endowment Funds.. Permanent Endowment Fund Housing Property Resetve Housing Property Rewaluation ReseTve Restricted Funds.. Social Housing Grant Fund Unrestricted Funds: Cyclical maintenan Fund Extraordinary Repair Fund General Fund 299,555 228,1 299.555 228,181 23,329 16,970 15.723 9,803 33.132 16.970 7,065 570,773 {22.7881 {12,9851 527,736 56,022 Houslng Property Reserve The Housing Property Reserve pemanent endowment of the Charity and is represented by the net equity in the housing propertie5. Housing Properties Revaluation Reserve This fund is part of the permanent endowment of the Charity and represents the surplus on revaluation of the hou5inE properties. Cyclical Maintenance Fund The Cyclical maintenan Fund Is unrestricted but designated bytheTrustees forfuture cyclical repairs as they arise. A transfer is made from the Generdl Fund each year being a specific amount as aged by the Trustees. Extraordinary Repair Fund The Extraordinary Repair Fund is unrestricted but designated bythe Trustees forfuture major repai. Improvements and rebuilding of the housing properties. A transfer is made from the General Fund each year being a specific amount as agreed by the Trustees. The fund is qUIred by the Scheme to be spectfically invested with income from these investments added to the Fund. General Fund The Fund represents accumulated surpluses of the Charlty and is available for the general purposes of the Charity. This page does not form part of the statutory financial statements 45-
JOHN GILDERS & MASKELLALMSHOU5E (HARiri DETAILED STATEmETroF FINANCIAL AcnvmEs 2024 2023 INCOME AND ENDOWMENTS CHARITABLE AcrivtnES Contributions Oue Losse5 from Void5 26,539 (1.350 24.675 25,189 24.675 INVEsfMENT INCOME M&G Multi tharity Accumulated Income Dividends Receivable COIF Deposit Account Interest Receivable 4.(M)S 14 616 L093 5,573 4,635 TOTAL INCOME 30.762 29,310 EXPENDtruRE CHARITABLE ACTivmES Almshouse Costs Vacant Property Costs Watercharges Light and Heat Insurance Repair5 and Renewals Extraordinary Repalr5 Cyclical Repalrs Gardening Cleaning Bad Debts Sundry Expense5 Houslrg Loan Interest 670 3,816 4,200 1,042 670 3.136 23 10332 3,829 Support Costs- Governan Administration Fees Ayditorfs Remuneration Trustees, Expenses Legal and Professional Fee5 Almshouse Assooation Sub5crfptlon 1,54Z L560 4,960 8.789 TOTAL EXPENDMJRE 15331 INCOME1(pENDMJRE) BEFORE GAINSAND LOSSES ,431 20.521 NEf INVE5fMENT GAINSI{LOSSESI 9.174 NET INCOMEIIEXPENDITURE) 20,520 29,695 OTHER RECOGNISED GAINSI{LOSSE5) GainllLossl on Revaluatlon of H(NJsin8 Pr(4)erties IL763 89.665 MOVEMENT IN FUNDS I19.3f1 RECONauATION OF FUNDS Total Funds Brought Forward Total Funds Carried Forbyard 647.476 766.836 799.1 Thi5 page doe5 not form part ofthe ststutory financial statements
JOHN GILDERS & MASKELLALMSHOUSE CHARITY DAlLED BALANCE SHEEr 2024 2023 FIXED ASSErs Tangible Fixed Assets- Hous1r Propert*s Net Book Value at Beginning of the year Gain/lLossl on Revaluation Net Book Value at end of the year 498,418 89,665 11,763 599A46 588,1)83 Listed Investments Market Value at Beglnnin8 of the year Additions at cost Disposal Proceeds GainllLossI on Revaluation Market Value at end of the year 153,692 4,476 125,513 19,005 9,174 163,257 763,103 153,692 741.775 CURREKfASSETS Debtor5 and Prepaents Contributions in Arrears Other Debtors Legacy East Almshouse Partnership Prepayments and Accrued Income 1493 1.116 308 3,825 502 15,249 5,443 Cash at Bank and in Hand 8arclays Current Account COIF Deposlt Account 21525 21.427 22,525 37,774 21,427 26,870 CREDrroRS'. Amounts falllng due wrih one year Loans Contrlbutlons In ReIved In Advance other Creditors Le8acy East Almshouse Partnershlp Accruals and Deferred Income 12161 12491 11,542) 11.5601 (L7581 11.8091 CURREKI AssrrsiiuA8IUTIESI 36,016 25.061 TOTALASSETS LESS OJRRENT UABIUTIES 799,1 766,836 CREDrroiLS'. Amounts falliro due after more than one year Loans NEf ASSEtS 766.836 CAPITAL AND RESERVES Endowment Funds: Pemianent Endowment Fund Housing Property Resetve Hous1 Property RevdlUat1 Reserve 35,809 522.544 534,307 570.116 558.353 Restricted Funds: Social Housing Grant Fund Unrestricted Funds: Cyclical maintenan Fund Extraordinary Repair Fund General Fund 29.730 45.976 68.913 40.969 64.771 73.013 199,273 799,1 178,753 766.836 Ths page not forni part ofthe statutory financial statements 47-
JOHN GILDERS & MASKELL ALMSHOUSE CHARITY RECONauATION OF MOVEMENT IN FUNDS Galns on Revaluatlo Of Housln Pro erties Losses Balances Brou FoNiard Galns L055es on Investments Transfer Between Funds Balan¢es Carrlèd Forward Income endtture Year Ended 31 December 2024 Endowment Funds Permanent Endowment Fund Housing Property Reserve Housing Property Revaluatlon ReseNe 35,809 522,544 558,353 35.809 534.307 570,116 11,763 11,763 Restricted Funds Social Housing Grant Fund 29,730 29,730 Unrestricted Funds Cyclical Maintenance Fund Extraordlnary Repair Fund General Fund 40.969 64,771 73,013 178,753 821 1,987 27,954 30,762 11,0421 12.5561 111,7331 {15.331} 1,052 2,155 1.882 5.089 4,176 2,556 16,7321 45.976 68.913 84,384 199.273 Total Funds 766.836 30.762 115.3311 5,089 11.763 799.119 Year Ended 310ecember 2023 Endowment Funds Permanent Endowment Fund Housiftg Property Reserve Housing Property Revaluatlon Reserve 35.809 432,879 468,688 35.809 522,544 558,353 89,665 89,665 Restrfrted Funds Social Housing Grant Fund 29,730 29,730 Unrestritted Funds Cyclical Maintenance Fund Extraordinary Repair Fund General Fund 34.574 57,298 57,186 149,058 789 1,806 26,715 29,310 2,806 3,291 3,077 9,174 2,800 2,376 15,1761 40,969 64,771 73,013 178,753 18,7891 18,7891 Total Funds 647,476 29,310 18,7891 9,174 89,665 766,836 This page does not forni part of the statutory financlal statements
JOHN GILDERS & MASKELLALMSHOUSE CHARrrY ANALYSIS OF NET ASSEfs BETWEEN FUNDS Net Current Assets Less Lon Term Loans Flxed Assets Freehold Pro Investments Totsl Endowment Funds.. Permanent Endowment Fund Housing Property Reserve Houslng Property Revaluation Reserve Restricted Fund5.' Social Housing Grant Fund Unrestricted Funds: Cyclical Maintenance Fund Extraordinary Repair Fund General Fund 35,809 534,307 35,809 534,307 29,730 29,730 36,450 66,717 9.5Z6 2.196 24,294 36.017 45.976 68,913 84,384 799,119 599,846 163,257 Houslng Property Reserve The Housing Property Reserve 15 permanent endowment of the Charlty and Is represented by the net equlty In the houslng propertie& Houslng Propertles Revaluatlon Reserde This fund is part of the permanent endowment of the Charlty and represents the surplus on revaluatlon of the houslng propertles. Soclal Housing Grant Fund Thesocial Hou5in8 Grant Fund is a restricted fund and represents the grant recelved of £29.730 In connertion with the housing property Improvements. Cycllcal Malntenance Fund The Cyclical maintenan Fund Is unrestricted but deslgnated by the Trustees for future cyclical repalrs as they arfse. A transfer Is made from the General Fund each year belng a speciflc amount as agreed by the Trustees. Extraordlnary Repalr fund The Extraordinary Repair Fund is unrestricted but deslgnated by the Trustees for future malor repalrs, Improvements and rebuilding of the housin8 propertles. A transfer Is made from the General Fund each year being a specific amount as agreed by the Trttees. The fund Is qUired by the Scheme to be specifically Invested wth income from these investment5 added to the Fund. General Fund The Fund represents accumulated surpluses of the Charity and Is avallable for the general purposes of the Charity. Thi5 pa8e does not form part of the Statutory financial statements
LOUGHTON ALMSHOUSE CHARrrY DAlLED STATEMENT OF FINANCIALACllVmES 2024 2023 INCOME AND ENDOWMEPITS CHARITABLE AcrivrriES Contributions Due Losses from Voids 31,419 29.416 31,419 29.416 INVE5fMENT INCOME M&G Multi tharity Accumulated Income Dividends Receivable COIF DeFK>Sit Account Interest ReceNable 1310 1.516 037 1.750 4,347 3.266 TOTAL INCOME 35,766 32.682 EXPENDMJRE CHARrrA8LE AcnvmES mshouse Costs Vacant Property Costs Watercharges Light and Heat Insurance Repalrs and Renewals Extraordinary Repalrs Cyclical Repalrs Gardening Cieanin8 Bad Debts Sundry Expenses Houslng Loan Interest 633 638 987 4,012 30 3,55S Support Costs-Governan Admlnlstratlon Fees Autlitorfs Remuneratlon Trustees, Expenses Legal and Profes&onal Fees Almshouse Aqsoaation Subscription 1,$42 1.560 4.960 8.515 TOTAL EXPENDMJRE 20,586 NEf INCOMEIIEXPENDITUREI BEFORE GAINS AND LOSSES 24.167 INVESTMEKf GAINSIILOSSES) 1143 916 NEf INCOME/(EXPENDITURE) 17323 25.083 OTHER RECOGNISED GAINSI{LOSSESJ Gain/lLossl on Revaluation of Housing Priyerties 246 24.521 NErMOvEMIN RINDS 3069 49.604 RECONCIUATION OF FUNDS Total Funds Brought ForyArd Total Funts C8rried Forvrnrd 649.305 679.874 599.701 649.305 This page does not fomi part ofthe ststutory financial statements
LOUGHTON ALMSHOUSE CHARiri DAlLED BALANCE SHEEr 2024 2023 FIXED ASSErs Tangible Fixed Assets- Housing Properties Net Book Value at Beginnlng of the year Gainlllossl on Revaluatlon Net Book Value at end of the year 547,348 13.246 522,827 24.521 $60,594 547.348 Llsted Investments Market Value at Be8innSn8 of the year Additions at cost DSsPOsal ProedS GalnllLossl on Revaluallon Market Value at end of the year 49,S53 17.310 28,621 20.016 143 916 69,006 629,600 49,553 596,901 CuRRETr ASSETS Debtors and Prepayments Contributions In Arrears Other Debtors LegaLy East Almshouse Partnershlp Prepayments and Accrued Income 3,929 '. 2,942 6,358 10,826 851 11,094 14,619 Cash at Bank and In Hand Barclays Current Account COIF Deposit Account 41,966 39,921 41,966 53,060 39,921 54,540 CREDrroRS: Amounts fallSng due wlth one year Loans Contribution5 in Recelved In Advance Other Creditors Legocy East Almshouse Partnershlp Accruals and Defeired Income 11,244) 15761 11,542 11,5601 11786) 12,1361 NEr aiRRENfASsEfs/iuABILlEsI 50274 52.404 TOTAL ASSEtS LESS CURRENT UABILtTIES 679,874 649.305 CREDrroRS: Amounts fallin8 due after more than one year Loan5 NEfASSETS 679,874 649.305 CAPITAL AND RESERVES Endowment Funds: Permanent Endowment Fund Houslng Property Reserve Housin8 Property Revaluailon Reserve 15.977 425,751 15,977 412.505 441,728 428.482 Restritted Funds.. Social HousinE Grdnt Fund Unrestricted Fund5: Cyclical Maintenance Fund Extraordinary Repair Fund Generil Fund 118.866 118.866 26273 27,927 65,080 21.112 24,115 56,730 119.280 679.874 101.957 649.305 This page does not form part of the statutory financial statements -51-
LOUGHTON ALMSHOUSE CHARrrY RECONauATION OF MOVEME1 IN FUNDS Galns L055es Balances Brou Forward Galns Losses on Transfer Between Funds Revaluatlon Of Housln Pro ertles Balances Carrled Fonvard Ex dltu Year Ended 31 December 2024 Endowment Funds Permanent Endowment Fund Houslng Property Resetve Housln8 Property Revaluatlon Reserve 15,977 412,505 428,482 15,977 425,751 441,728 13.246 13.246 Aestrlcted Funds Soclal Housing Grant Fund 118,866 118,866 Unrestrlcted Funds Cycllcal Maintenance Fund Extraordlnary Repalr Fund General Fund 21,IlZ 24,115 56,730 101.957 504 630 34,632 35,766 4,176 2,556 16,7321 26,273 27,927 65,080 119,280 626 1,036 2,143 120,5861 20,586 Total Funds 649.305 35,766 120,5861 2,143 13,246 679.874 Year Ended 31 December 2023 Endowment Funds Permanent Endowment Fund HousSng Property Reserve Housln8 Property Revaluatlon Reserve 15,977 387,984 403,961 15,977 412,505 428,482 24,521 24,521 Restrlcted Funds Soclal Houslng Grant Fund 118,866 118,866 Unrestrfcted Funds Cycllcal Malntenance Fund Extraordinary Repalr Fund General Fund 17,691 20,943 38,240 76,874 386 467 31,829 32,682 235 329 352 916 2.800 2,376 5.176 21,112 24,115 56.730 101,957 8,515 18,5151 Total Funds 599,701 32,682 18,5151 916 24,521 649,305 Thls page does not form part of the statLrtoryflnanclal statements -52-
LOUGHTON ALMSHOUSE CHARrrY ANALY51S OF NET ASSEfs BETWEEN FUNDS Net Current Assets Le5$ Lon Freehold Pro Investments Total Endowment Funds: Permanent Endowment Fund Housing Property Reserve Housing Property Revaluation ReseNe Restricted Funds: Social Housing Grant Fund Unrestricted Funds: Cyclical Maintenance Fund Extraordinary Repair Fund General Fund 15,977 425.751 15,977 425,751 I,866 15.783 18A47 34,776 10,49D 26,273 27,927 65,080 679,874 30304 50,274 Housing Property Reserve The Housir4g Property Reserve is perrnant endowment ofthe Charity and is repr¥Jented bythe net equity in the housing propertie> Housing Proputies RlUatiOn Reserve This fund is part of the pemanent endcA¥ment of the Charity and represents the surplus cm revaluation of the hougng properties. Social Housing Grant Fund The Social Housing Grant Fund is a restricted fund and represents the grant received of £118.866 in connettion with the housing property improvements. Cyclical Mairrtenance Fund The Cyclical Mainteftan Fund is unrestrirted but d&£ignated by theTrnSt forfuture cyclical repairs as they arise. A transfer is made fromthe General Fund each year being a SFecific amount as agreed bytheTrustees. Extraordinary Repalr Fund The Extraordinary Repair Fund is unrestritted but designated bythe Trustees forfuture major repairs. improvements and rebuilding of the housing properties. A transfer is made from the General Fund each year being a specific amount as agreed by the Ttee& The fund is required by the Scheme to be specifically invested wtth income from these investments added to the Fund. General Fund The Fund represents acCumated surpluses of the tharity and is available forthe general purposes of the Charity. page dces not forrn part of the statutory finanaal statements -5>
MARY DAIN5 COThAGES DAlLED sfATEMENT OF FINANCIALACTMTIES 2024 2023 INCOME AND ENDOWMENrs CHARITABLE AcnvrnES Contributions Due L055es fiom Voids 47,277 L1191 44.290 13.5201 40.770 INVEsfMEiif INCOME M&G Multi Charity A(mulated Incorre Dividends Receivabte COIF Deposit Acc¢)unt Intere51 Recelvable 6.057 1.7fl 540 6.597 TOTAL INCOME 54.762 47.367 EXPENDTfuRE CHARITABLE Acfp4rnES Almshouse Costs Vacant Property Costs Water Charges Light and Heat InsLtrance Repaits and Renewals Extraordinary Repai Cyclical Repairs Gardenin8 Cleanlng Bad Debts Sundry Expenses Houslng Loan Interest 165 1.374 8,141 1.127 8.9fAI 926 7.978 33,431 4,981 4.069 8.6 1,367 2.329 35 23 61.075 29.211 Support Costs-Governan Administration Fees Auditorfs Remuneratl Trustees, Expenses Legal and Professional Fees Almshouse Assoaation Subscriolon 5,1(Xl &794 5,1 6,952 68,027 T¢yfAL EXPENDfwRE 36,111 INCOMEI(ExPENDURE} BEFORE GAINSANO LOSSES (.265) 11.256 N¥f INVESTMEPlf GAINSIILOSSESI 6,515 3,674 INCOMEIIEXPENDTtURE} (6,750) 14.930 OTHER RECOGNISED N5/{lO55ESj GalnllLoss) on Rewdluation of Housing Prryertie5 NET MOVEMENT IN RIND5 ,$85 61,830 RECONCIUATION OF FUNDS Total Funds Brought Forward Total Funds Carried Forward L254, 1,192.303 1.272.718 1.254.133 Thi5 page does not forni part of the statutoryfinancial statements
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MARY DAINS COThAGES DAlLED BALANCE SHEEr 2024 2023 FIXED ASSErs Tangible fixed Assets- Housi Properties Net Book Value at Beginning of the year GainllLossl on Reval¥Jation Net Book Value at end of the year 1.fy16.9LKI 25,335 i.(X.())) 12.235 1.046.9 Listed Investments Market Value at Beginning of the yEar Additions at cost Dlsposal proedS Gain/lL05sI on Revaluation Market Value at end of the year 166.481 6,837 156.750 6,057 6,515 3,674 179,833 1,252.068 166,481 1,213,381 CURRENT ASSETS Debtors and Prepayments Contributions in Arrear5 Other Debtors Legacy East Almshouse Partnersh Prepayments and Accnd Income 109 130 13.380 1,097 L018 1.127 14,607 Cash at Bank and In Hand Barclays Current Account COIF Deposit Account 36,391 34.618 36,391 37.518 34.618 49.225 CREDITORS: Amounts fall1 due wlth one year Loans Contributions irt ReceibÈd in Advance Other Credito Legacy E35t Alm5hwse Partnershlp Accrua and Deferred Income 11.382) 14,321) 19,031) li) li.0) 14,3761 13.CM)71 I,868) 18.4731 CURREKf ASSETSI(UABILmESI 20,650 40.751 TOTALASSETS LESS aiRRENT UABILMES 1.272,718 1.254.133 CREDThORS: Amounts falliro due after more than one year Loans 1,272,718 1.254.133 CApAL AND RESERVES Endowment Funds: Permanent Endowment Fund Housiry Property Reserve Housir Property Rev4lu*ion Reserve 841,5T 841.573 205,327 1.071235 1.046.91X) Restricted Funds. Social Housing Grant Fund Unrestricted Funds: Cyclical Maintenance Fund Extraorfinary Repair Fund General Fund 20,007 13.279 167,197 18.725 13.279 175.229 207.233 1,254.133 1272,718 Thi5 page d(Es not forn part ofthe statutory financial ststements -5>
MARY DAINS COThAGES ECONauATION OF MOVEMENT IN FUNDS Galns L055e5 on Revaluatlon Of Housln Pro ertles Balances Brou ForvRr Ga ns Losses on Trdnsfer Between Balances Carrled Fo ur Year Ended 31 Decernber 2024 Endowment Funds Permanent Endowment Fund Housing Property Reserve Houslng Property Rewdluatlon ReseThe 841.573 205.327 1,046.9 841,573 230,662 1,072.235 25,335 25.335 Restrirted Funds Soclal Hous1 Grnnt Fund Unrestrfcted Funds Cycllcal Mainten3nce Fund Extraordinary Repair Fund Genernl Fund 18,725 13.279 175.Z29 207,233 14.982) 13,834) 59,2091 68,025 6,264 3,834 110,0981 20.007 13,279 167,197 $4.761 54,761 6,515 6.SlS Total Funds 1,254,133 54.761 (68.025) 6.515 25.335 L272,718 Year Ended YI Deomber 2023 Endowment Funds Permanent Endowment Fund Houslng Property Reserve Housing Property Revaluation Reserve 841,573 158.427 I,coo,o¢xi 841,573 205,327 1,046,9 46.9Lh) 46,9 Restricted Funds Social Housing Grant Fund Unrestrlcted Funds Cyclical maintenan Fund Extraordinary Repalr Fund General Fund 15,892 9,715 166.696 192.303 11,3671 4,200 3,564 17.7641 18,725 13,279 175,229 207.233 47.367 47,367 134,7441 136,1111 3,674 3.674 Total Funds 1,192,303 47,367 136,1111 3.674 46.9 1,254,133 Thts page doe5 not forni part of the ststutory financlal st*ements
MARY DAINS COThAGES ANALYSIS OF AS5 BETWEEN FUNDS Net Current Assets L Lon Term Loans red A55ets Freehold Pro Investments Totsl Endowment Funds.. Permanent Endowment Fund Housing Property Reserve Housin8 Property Revaluation ReseNe Restricted Funds: Social Housing Grant Fund Unrestricted Funds: Cyclical Maintenance Fund Extraordinary Repair Fund General Fund 841,$73 841,573 2ao,662 20.007 13,279 167.197 13,279 112.636} 179.833 1,071235 179,833 1,272.718 Housing Proputy ReseNe The Housing Property Reserve 15 permaront endowment of the Charity and is represented by the net equity in the housing properties. Housing Properties Revaluatlon Reserve This fund is part of the permanent endowment of the Charity and preSentsthe surplus on revaluation of the housing properties. Cycllcal maintenan Fund The Cyclical Maintenance Fund is unrestricted but designated bytheTru5tees forfuture rycfical repairs as tY arise. A transfer is made fromthe General Fund each year being a specific amount asagreed by the Trustees. Extraordlnary Repalr Fund The Extraordinary Repair Fund 15 unrestricted but designated bythe Trustees forfuture major repai. improvemeErts and rebuilding of the housing propertie5. A trander is made from the General Fund each year being a specific amount as agreed bythe Trustees. The fund is required by the Scheme to be specifically invested with income from these investments added to the Fund. General Fund The Fund represents ac£umulatgJ surpluses of the Charity and is available forthe general purposes of the Charity. This page does not form part ofthe statutoryfinancial 5tstements
MISS RUTIANtY5 ALMSHOUSES DEfAILED A7EMEfoF FINANCIAL AcnvmES 2024 2023 INCOME AND ENDOWMENTS CHARITABLE AcrivtriES Contributions Due Losses from Voids 31.069 15.504) 29.037 25,565 29,037 INVEsfMENT INCOME M&G Multi tharity Accumulated Income Dividends ReCeiVae COIF Deposit Account Interest Receivable 4.744 1326 1.331 7,TJl 6.075 TOTAL INCOME 33296 35.112 EXPENoifuRE CHARITABLE AuivmES Almshouse Costs Vacant Property C05t5 Water Char8e5 LSght and Heat Insurance Repairs and ReneHals Extraordinary Repalrs Cyclical Repairs Gardenlng Cleanlng Bad Debts Sundry Expenses Housi Loan Interest 1.295 525 92 29 ios 28.135 1.421 275 353 L533 55 3736 2,596 Support Co5ts-Governance Administration Fees Auditorfs Remuneratlon Tru5tees' Expenses Legal and Profe5%0nal Fees Almshouse Assoaation Subscription L542 57 TOTAL EXPENDrruRE 42.835 7,556 NEf INCOMEIIEXPENDITUREI BEFORE GAINS AND LOSSES (9.539) 27.556 NEf INVESTME1 GAINSIILOSSES) 1755 NET INCOMEI(EXPENDmJRE) (4.197) 30.311 OTHER RECOGNISED GAINSIILO55ES) Ga1(LO55} on Revaluation of Housing Properbes .177 92.825 NET MoVEmEP IN FUNDS 123.136 RECONauATION OF FUNDS Total Funds Brtiught Forward Total FLmds Carried Forward 791,602 799,582 668,466 791,&)2 This page dces not form part ofthe ststutory financial statements -58-
MISS RUTLANtYS ALMSHOUSES DAlLED BALANCE SHEEr 2024 2023 FIXED ASSErs Tangible Fixed Assets- Housing Properties Net Bookvalue at Beginning of the year Gain/lLossl on Revaluation Net Book Value at end of the year 515.980 92,825 ,177 620,982 608,805 Listed Investments Market Value at Beginning of year Additions at cost Disposal Proceeds Gain/lLossl on Revaluation Market Value at end of the year 135.029 117.530 14.744 (23.WOI 5,342 2.755 131,176 752,158 135,029 743,834 CURREKfASSETS Debtors arKI Ppavrnents Contributions in ArarS Other Debtor5 Legacy East AfthOuSe Partnership Prepayments and ACtn Income 1.476 2.610 9,595 11,731 12,789 Cash at Bank and in Hand Barcla Current Account COIF DepositAccount 39.677 37.743 39.677 51.408 37.743 50.532 cREDoR5. Amounts falling due with one year Loans Contributiorts in Reld in Advance Other Cre<fitors Legacy East Almshcwse Partr*rship AttrU8 and Deferyed Income 11442) {1.2041 IL542) {1.5601 13,9841 12.7641 47.424 47.768 799,582 791.2 cRED0P. Amunts fallir4 due after more than one year Loar 799.582 791,602 CApAL AND RESERVES Endowment Funds: Permanent Endowrnent Fund Housing Property Reserve Housing Property Revaluation Reserve 248.952 3n.030 248.952 359.853 608.805 Restritted Funds: Social Housing Grant Fund Unrestricted Funds: Cyclical maintenan Fund Extraordinary Repair Fund General Fund 22,829 22.711 137.257 26,895 123,412 178.6 799.582 181797 791.602 Thi8 paged5 not form part ofthe ststutory financial statements -s
MISS RUTLAND'S ALMSHOUSES RECONCIUATION OF MOVEMENT IN FUNDS ns Losses on Revaluatlon Of Housln Pro ertS Bala BroLt Forward ces Transfer Between Funds Balances Carrled Forward on Income Ex endltur vestments Year Ended 31 December 2024 Endowment Funds Permanent Endowment Fund Housln8 Property ReseNe Houslng Property Revaluatlon Reserve 248,952 359.853 608,805 248,952 372.030 620,982 12,177 12,177 Re5trlrted Funds Soclal Hou51ng Grant F(tnd Unrestflcted Funds Cycllcal MaSntenance Fund Extraordlnary Repalr Fund General Fund 22,8Z9 22,711 137,257 182,797 637 825 31,834 33,296 651 803 4,176 2,556 6,732 28,293 26,895 123,412 178,599 142,8351 42,835 5.342 Total Funds 791,602 33,296 142,8351 5,342 12,177 799,582 Year Ended 31 Oecember 2023 Endowment Funds Permanent Endowment Fund Houslng Property Reserve Houslng Property Revaluatlon Reserve 248,952 267,028 515,980 248,952 359,853 608,805 92,825 92,825 Restrirted Funds Soclal Houslng Grant Fund UnrestrScted Funds Cycllcal Malntenance Fund Extraordinary Rep3Sr Fund Gener31 Fund 19,268 19,352 113,866 152,486 474 630 34,008 35,112 287 353 2.115 2,755 2,800 2,376 15,1761 22,829 22,711 137,257 182,797 17,5561 17,5561 Total Funds 668,466 35,112 17,5561 2,755 92,825 791,602 Thls page does not form part of the statutory financial statements
MISS RUTLANtYS ALMSHOUSES ANALYSIS OF NA$sErs 8EfwEEN FUP Net Current Assets Less ion Term Loans Futed Assets Freehold Pro Invèstments Endowment Funds- Permanent Endowment Fund Hou51ng Property Reserve Hou5in8 Property Revaluation Reserve Restrirted Funds= Social Housing Grant Fund Unrestricted Funds= Cyclical Maintenance Fund Extraordinary Repair Fund General Fund 248,952 3n,030 248,952 372,030 18,485 22,611 28,293 26,895 123.412 33,332 47,424 620,982 131,176 799,582 Houslng Propffj ReseNe The Housing Property ReseThe Is pemianent e[OWMent of the Charityand is represented by the net equity in the housin8 propertles. Houslng Propertles Rw4luatlon Reser¥e Th($ fund is part of the permanent endowment of the Charlty and represents the surplus on revaluatlon of the houslng propertles. Cycllcal maIntenan Fund The Cyclical maintenan Fund is unre5trirted but dest8nated by theTrUSte forfuture cycllcal repalrs as they arise. A transfer Is made from the General Fund each year belng a spedflc amount as agreed by the Tntstees. Extraordlnary Repalr Fund The Éxtraordinary Repair Fund Is unrestricted but designated by the Trtee5 for future major repairs, Impfovements and rebulldlng of the housing properties. A transfer made from the General Fund each year belng a specific amount as agreed by the Trustees. The fund is required by the Scheme to be specifically inverted wilh income from these investments added to the Fund. General Fund The Fund represents accumulated surptuses of the Charity and Is aVailae forthe generdl purposes of the Charity. This page does not forn) part ofthe statutoryfinancial statements i-
NETHANEAH HOME DEfAILED STATEMEKf OF FINANCIALAcnvmES 2024 2023 INCOME AND ENDOWMEiirs CHARITABLE ACmlrnES Contributions Due Losses from Voids 26,203 (1,5) 21,960 11.6101 20.350 INVEsfMENf INCOME M&G Multi tharity Accumulated Income Dividends Receivable COIF Deposit Account Interest Receivable L218 1.079 S2 19 1270 1,098 TOTAL INCOME 26,318 21,448 EXPENDITURE CHARITABLE AcrivmES Almshouse Costs Vacant Property Costs WaterCharge5 Llght and Heat Insurance Repairs and Renewals Extraordinary Repalr5 Cyclical Repairs Gardening Cleaning Bad Debts Sundry Expen Hous1 Loan Interest 78 811 3.162 10,092 795 1,994 436 120 30 3.423 Support C05ts- Goveman Administration Fees Auditorfs Remuneration Trustees. Expenses Legal and Professional Fees mshouse Ass0(iation Subsuiption TOTAL EXPENDtTURE 8.783 NET INCOMEI(EXPENDrnJRE) BEFORE NSAN0 LOSSES 12.665 NET INVEsfMEiif GAlhSI{iOSSES} 1.161 499 INCOMEIIEXPENDrtURE) 4049 13.164 OTHER RECOGNISED GAINSI{LOSSES) Ga[nIlL) on Revaluation of Houslng Properties 14,2SS 108.661 NET MOVEMENT IN FUNDS 304 121,825 RECONauATION OF FUNDS Total Funds Brought Forward Total Fund5 Carried Forrd 711.569 729,8TJ 589.744 711,569 page does not fom part ofthe statutoryfinancial stsitements
NEtHANIAH HOME DETAILED BALANCE SHEEr 2024 2023 FIXED ASSETS Tangible Fixed Assets- HousirE Properties Net Book Value at Beginning of the year Giin/lLos51 on Revaluation Net Book Value at end of the year 711662 14,255 604,(X)i 108.661 n6,917 712,662 Listed Investments Market Value at Beginnin8 of the ar Addition5 at C05t Di5P05al Proceeds Gain/lLossl on Revaluation Market Value at end of the year 25.082 4,079 1218 1.161 499 32.039 758.956 29.6fA) 742.322 CURRENT ASSETS Debtors and Prepayments Contributions in Arrears Other Debtors Legacy East Alffshouse Partnershlp Prepayments and Accrued Income 2.743 S.102 6.795 6.257 10,021 Cash at Bank and in Hand Barclays cufnt Account COIF Deposit Account 1.015 1,015 11.036 CAEOtfoRS: Amounts falli due with one year Loans Contributions in Received in Advance Other Creditors Legacy East Almshouse Partnershlp Accruats and Deferred Income 15,549) 15.5491 11,S42) 11,5601 {72751 17.1091 NET CURRENfASSET511LIABILmESI 3.927 TOTALASSETS LESS CURREKf UABILMES 759,004 746,249 CREDrroRS: Amounts falling due after more than one year Loans (29,ts11 134.6801 n9.873 711.569 CAPITAL AND RESERVES Endowment Funds- Permanent Endowmert Fund Housing Property Reserve Housirw Property Revaluation Reserve 171.750 513,167 171,750 498.912 684.917 670,662 Restricted Funds: Social Housing Grdnt Fund UnstrIrted Funds.. Cyclical maintenan Fund Extraordinary Repair Fund Genernl Fund 42MKI 42,( 24235 7.931 29.2101 19.679 7.342 128,1141 2,956 72973 11,0931 711.569 Thi5 page dcE5 not form part ofthe 5tstutory financial statements
NEfHANIAH HOME RECONauATION OF MOVEMENT IN FUNDS Galns on Revaluatlon Of Housin Pro erties Losses Balances Brou Forward Galn5 on Investments Transfer Between Funds Balances Carrled Forward Year Ended 31 December 2024 Endowment Funds Permanent Endowmerbt Fund Housing Property Reserve Houslng Property RedlUation Reserve 171,750 498.912 670.662 171.750 513,167 684,917 14.255 14.255 Restricted Funds Social Housing Grant Fund 42,0(Xl 42.000 Unrestricted Funds Cyclical maintenaTr Fund Extraordinary Repair Fund General Fund 19,679 7.342 128.1141 1,093) 453 431 287 4,176 2.556 16,7321 24.235 7,931 129,2101 2,956 12,5561 120,3701 23,430 25.563 26318 1,161 Total Funds 711.569 26.318 123.4301 1.161 14.255 n9.873 Year Ended 31 Deomber 2023 Endowment Funds Pem)anent Endowment Fund Housing Property Reserve Housing Property Rewdluation Reserve 171.750 390.251 S62,1 171.750 498.912 670.662 108,661 108,661 Restricted Funds Social Housin8 Grnnt Fund 42,OCO 42.orKs Unrestricted Funds Cyclical Maintenance Fund Extraordinary Repair Fund Generdl F¥Jnd 16,454 4,660 135,3711 114,2571 401 267 20,780 21,448 24 39 436 499 2.800 2.376 15.1761 19.679 7,342 128.1141 11,0931 18,7831 18,7831 Total Funds 589,744 21,448 18.7831 499 108,661 711,569 Thts page doe5 not form part ofthe statutory financial ststements
NEfHANIAH HOME ANALYSIS OF NEfAssrrs BETWEEN FUNDS Net Current AssÈts L Fixed Assets Freehold Investments Loans Total Endowment Funds: Permanent Endowment Fund Housing Property Reserve Housing Property Revaluation ReseThe Restricted Funds.. Soci31 Housing Grart Fund Unrestrfctsd Funds: Cyclical Maintenance Fund Extraordinary Repair Fund Generdl Fund 171,750 513,167 171.750 513,167 42.0(Kl 11,910 7,931 12,325 24.235 7.931 29,ZiO 729,873 41,408 129,083) n6,917 31039 Houslng Proputy ReseNe The Housing Property Reserve Is pemanent endowment of the Charity and 15 represented by the net equity In the housin8 propertles. Houslng Propertles Revaluatlon Reserve This fund is part of the permanent endcywment of the Charlty and represents the surplus on revaluatlon of the houslng properkne5. Social Houslng Grant Fund Thesocial Housing Grant Fund isa restricted fund arKI represents thegrant recelvedof £42.(XXlln connertion withthe l¥)uslng property Improvements. Cycllcal Malntenano Fund The Cyclical maintenan Fund is unrestricted but de51gnated by the Tru5tee5 forfuture cyclical repairs as they arise. A transfer 15 made from the General Fund each year beln8 a sdfiC amount asagreed bytheTfUStee& Extraordlnary Repalr Fund The Extraordinary Repalr Fund Ss unrestricted but desi8nated by t Tntstees forfuture major repairs, improvements and rebuilding of the housing properties. A transfer is made from the General Fund each year being a specific amount as agreed by the TnJstee& The fund is required by ihe Scheme to be specifically invesied V*ith income from these Instments added to the Fund. General Fund The Fund presents accumulated surpluses of the Charity and is milable forthe general purpose5 of the Charity. This page doe5 not form part ofthe statutory financial statements
SIR WILLIAM PETRE'S ALMSHOUSES AND CHAPEL DEfAILED sTATEmETr0F FINANCIAL A1vrriEs 2024 2023 INCOME AND ENt)OVlMENTS CHARITABLE AcrivtnES Contributions Due Lo55es from Voids 70,961 11,906) 67,485 15,8931 69,055 61.592 INVESTMENT INCOME M&G Multi tharity Accumulated Income Dividends Receivable COIF Deposit Account Interest Receivable Investrnent Property Rent Receivable 51 624 635 2,(KJO 1,362 5,862 4,066 TOTAL INCOME 74,917 65,658 EXPENOtruRE CHARITABLE A1VE5 Almshouse Costs Vacant Property Costs Water Ch3fEe5 Light and Heat Insurance Repair5 and Renewals Extraordinary Repaits Cyclical Repairs Gardening Cleaning Bad Debts Sundry Expenses Housing Loan Interest 1.629 11.6121 24,284 1.776 4,270 14,833 150 18.530 2.227 3,252 3.158 3.505 11,742 147 43,591 48.832 Support Costs- Governan Administration Fees Auditorfs Remuneration Tru5tees' Expenses Legal and Professional Fees Almshouse Assoaation Subscription 10.200 2,538 10.2(N) 407 233 13,948 57,539 10,433 59.265 TOTAL EXPENDTfuRE Nrf INCOMEI(EXPENDITUREI BEFORE GAINS AND LOSSES 17.378 6.393 NET INVEsfMEIU GAINS/(L055ES) 2.125 3.272 INCOMEIIEXPENDMJREI 19,503 9.665 OTHER RECOGNISED GAINSIILOSSESI GainllLossl on Revaluation of Housing Properties n,023 MOVEMEwf IN FUNDS 91,526 9,665 RECONauATION OF FUNDS Total Funds Brought Forward Total Funds Carried Forward 1,767.737 1,859263 1.758,072 1,767.737 Thi8 p3ge d¢5 not form part of the statutory financlal statements
SIR WILLIAM PETRE'S ALMSHOUSES AND CHAPEL DErlED BALANCE SHE 2024 2023 FIXED ASSErs Tangible fixed Assets- HousirE Properties Net Book Value at Beginning of the year GainllLossI on Revaluation Net Book Value at end of the year L440,454 n.023 1,440.454 1511477 1.440.454 sted Invertments Market Value at Beginning of the year Addttions at cost Disposal PnKeeds Gain/lLossl on Revaluation Marketvalue at end of the year 90,903 36.807 193.6981 3.272 32,500 I5 37.284 Investment Property Market Value at Beginning of the year Gain/lLoss} on Revaluation Market Value at erKI of the year 203.560 203.560 203,560 L787.946 203,560 1.681.298 CURREFU AS5 Debtors Prepayments Contributions in AThears Other Debtors Legacy East Alm5hcMJse Partnership PpaVnnts and AccnEd Income 9,024 19.022 36342 42.280 2.785 49,950 64.087 Cash at Bank and in Hand COIF DepositAccount 2597 24.635 24.635 88,722 75,847 CRED05. Amounts falli due wtth one year Loans Contribution5 in ReCeId in Advance Other Creditor5 Legacy E35t Alrrshouse Partnership AccruaL% and Deferd Income 1242) {102) 14288) 12.1811 14.$30) 12.2831 NEraiRRENT ASSEfsiiLIABILmESI nA17 86,439 59263 1,767,737 CREDtfoRS: Amounts fallirg due after more than one year Loarn% 1.859,263 1.767.737 cApALAND RESERVES Endowment Funds: Permanent Endowment Fund HouS1r prOrty Re5eThe Hous1r Property Revaluation Reserve IA40,454 72.023 L440.454 1.719,017 1,646.994 Restritted Funds: Social Housing Grant Fund Unrestrirted Funds: Cyclical maintenan Fund Extraorrfinary Repair Fund General Fund 4086 118.949 120.743 140.246 1,859263 120.743 1,767.737 page dcEs not forni part of the statutory financial statements
SIR WILLIAM PETRE'S ALMSHOUSES AND CHAPEL RECONCIUATION OF MOVEMENT IN FUNDS alns Losses on evaluatlon Of Hausln Pro ertles Balances Brou ht Forwrd Galns Transler Balance5 Carrled Forward on Income Ex ndlture Investmen und Year Ended 31 December 2024 Endowrnent Funds Permanent Endowment Fund HousinB Property Reserve Houslng Property Revaluatlon Reserye 206.540 1,440.454 206.540 1,440,454 72,023 1,719,017 72,023 72,023 1,646,994 Restrlcted Funds Social Houslng Grant Fund Unrestrlcted Funds CyclScal maIntenan Fund Extraordinary RepaSr Fund General Fund 279 170 1,676 125 12,528 13,211 120.743 120,743 74.265 74,917 {S7.5391 57,539 20,196) 118.949 140,246 Total Funds 1,767,737 74,917 {57,539) 2,125 72,023 1,859,263 Y•*r Endèd 31 December 2023 Endowment Funds Permanent Endowment Fund Hou51ng Property Reserve Houslng Property Revaluatlon Reserve 206,540 1.440.454 206,540 1,440,454 1.646,994 1.646,994 Restrlrted Funds Social Houslng Grdnt Fund Unre5trfcted Funds Cycllcal maIntenan Fund Extraordinary Repalr Fund General Fund 111.078 111,078 65,658 65,658 159,2651 159,2651 3,272 3,272 120,743 120,743 Total Funds 1.758.072 65.658 159,2651 3,272 1,767,737 Thls page does not forn) part of the statutoryfinanclal statements
SIR WILLIAM PETRE'S ALMSHOUSES AND CHAPEL ANALYSIS OF NEf ASSEfs BEN FUNDS Net Current Fixed Assets Freehold Lon Temi Investments Total Endowment Funds.. Permanent Endowment Fund Housing Property Reserve Housing Property Revaluation Reserve Restricted Funds.. Social Housing Grant Fund Unrestricted Funds- Cyclical maintenan Fund Extraordinary Repair Fund General Fund 203.WI 206,540 L440,454 n,023 IA40A54 n.oz3 13,211 8,086 50.612 13.211 8,086 118.949 68337 1,512,477 275,469 71317 L859.263 Housing Property Reserve The HousirE Property Reserve 15 permanent endowment of the Charity and ts represented by the net equity in the housing propertie* Housing Properties Revaluation Reserve This fund 15 part of the permanent endowment of the tharity and presents the surplu5 un Mialuation of the housing properbe& Social Housing Grant Fund The Social Housing Grant Fund isa re5trthd fund and represents the grant reld0f £43.754in connection withthe housing property purchase. Cycllcal Malntenance Fund The Cyclical Maintenance Fund is unrestricted but de5tgnated bytheTnJ5tee5 forfuture cydical repairs as they arise. A transfer is made fromthe General Fund each year being a specific amount as aged bytheTnLStees. Extrnordinary Repair Fund The Extraordinary Repair Fund is unrestrided but designated bythe Trustees forfuture major repairs, improvements and rebuilding of the housing properties. A transfer 15 made from the General Fund each year being a specific amount as agreed bythe T[tee5. The fund is required by the Scheme to be 5pecTfically invested with income from these investments added to the Fund. General Fund The Fund represents accumulated SuuSe5 ofthe Charity and is •4ailable forthe gera1 purposes ofthe Charity. Thi5 page does not forni part of the ststutory financial statements
SPRINGFIELD GREEN ALMSHOUSES DEfAILEO STATEmEOF FINANcIALA1VtEs 2024 2023 INCOME AND ENDOWMEpirs CHARITABLE AcrivmES Contributions Due Losses from Voids 16,004 14,948 12141 16,004 14,734 INVESTMENT INCOME M&G Multi Charity Accumulated Income Dividends Receivable COIF Deposlt Account Interest Receivable 1,580 336 1258 1,400 331 1,081 3,174 2,812 TOTAL INCOME 19,178 17,546 EXPENDrruRE CHARITABLE AcfiviTIES Almshouse Costs Vacant Property Costs Water Charges LSght and Heat Insurance Repairs and Renewals Extraordinary Rep31rs CyclScal Repairs Gardenln8 CleanSng Bad Debts Sundry Expenses Hou51ng Loan Interest 181 162 592 472 559 3,034 5,155 3,755 Support Costs- Governan Admlnlstratlon Fees Auditorfs Remunerallon Tiustees, Expenses LeBal and Professlonal Fees Almshouse Assodation Subscdptlon 1,700 1,296 1,700 1,320 57 3,053 9,453 3,020 6,775 TOTAL EXPENDITURE NET INCOMEIIEXPENOITURE) BEFORE GAINS AND L055ES 9.7Z5 10,771 INVEsfMENT GAINSIILOSSESI 1,778 1,865 NETINCOMEIIEXPENOITURE) 11,503 12,636 OTHER RECOGNISED GAINSIILOSSES) GainllLossl on Revaluatlon of Hou51ng Properties 7,660 58,396 NET MOVEMEiif IN FUNDS 19,163 71,032 RECONCIUATION OF FUNDS Total Funds Brought Forward Total Funds Carried Forward 455,294 474,457 384,262 455,294 Thi5 page does not form part of the statutory financial statements -7
SPRINGFIEU) GREEN ALM5HOU5ES DAlLED BAiANCE SHEEr 2024 2023 FIXED ASSErs Tangible Fixed Assets- Housing Properties Net Book Value at Beginning of the year GainllLos51 on Revaluation Net Book Value at end of the year 382.995 7,660 324,599 58,396 390.655 382,995 Listed Investments Market Value at Beginning of the year Additions at cost Disposal Proceeds GainllLossl on Revaluation Market Value at end of the year 50.545 1,580 47,280 1,400 I,n8 1,865 53,903 444,558 50.545 433,540 CURRENT ASSETS DebtOf5 and Prepayments Contributions in Arrears Other Debtors Legacy East Almshouse Partnership PpaYments and Accrued Income 5,228 441 459 5,669 459 CBsh at Bank and in Hand Barclays Current Account COIF Deposit Account 25,925 24.661 25,925 31,594 24.661 25,120 CREDThORS.. Amounts falling due wtth one year Loans Contributions in Received in Advance Other Creditors Legacy East Almshouse Partnership Accruals and Deferred Income 13991 13761 1911 11,5791 11,3201 11,2961 11,6951 13,3661 NET CURREMf ASSETS/{LIABILtriESI 29,899 21,754 TOTALASSETS LESS CURRENT UABIUTIES 474,457 455.294 CREDITORS- Amounts falling due after more than one year Loans NEf ASSETS 474,457 455,294 CAPITALAND RESERVES Endowment Fund5-. Permanent Endowment Fund Housing Property Reserve Housing Property Revaluation Reserve 18,533 101.261 289.394 17,801 101.261 281,734 409,188 400,796 Restricted Funds.. Social Housing Grant Fund Unrestricted Funds: Cyclical Maintenance Fund Extraordinary Repair Fund General Fund 14,711 19,432 31.126 12,623 16,976 24,898 65,269 474,457 54,498 455,294 This pagè does not fom) part of the st*utory financial statements -71-
SPRINGFIEU) GREEN ALMSHOUSES RECONCIUATION OF MOVEMENT IN FUNDS Galns Losses on Revaluatlon Balances Of Housln Carrled Pro ertl s Forward Balance5 Brou Forward Galns Losses Transf twee Funds on Income Ex endlture Investments Year Ended 31 December 2024 Endowment Funds Permanent Endowment Fund Houslng Property Reserve Houslng Property Revaluatlon Reserve 17,801 101,261 281,734 400,796 235 497 18,533 101,261 289,394 409,188 235 497 7,660 Restr5cted Funds Social Housln8 Grant Fund Unrestrlcted Funds Cycllcal Milntenance Fund Extraordlnary Repair Fund General Fund 12,623 16,976 24,899 54,498 2,088 1,278 3,3661 14,711 19,432 31,126 65,269 603 18,340 18,943 575 706 1,281 9,454} 19,4541 Total Funds 455,294 19,178 {9,4S41 1,778 7,660 474,457 Year Ended 31 December 2023 Endowment Funds Permanent Endowment Fund HousSng Property Reserve Hou51ng Property Revaluatlon Reserve 16,450 101,261 223.338 341,049 208 1,143 17,801 101,261 281.734 400,796 58,396 58,396 20B 1,143 Restrlcted Funds Social Houslng Grant Fund Unrestricted Funds Cycllcal Maintenance Fund Extraordinary Repair Fund General Fund 11,223 14,929 17,061 43,213 1,400 1,188 12,5881 12,623 16,976 24,899 54,498 535 16,803 17,338 324 398 722 16,7751 16,7751 Total Funds 384,262 17,546 16,7751 1,865 58,396 455,294 This page does not form part of the statutory financial statements -72-
SPRINGFIELD GREEN ALMSHOUSES ANALYSIS OF NAsSEr$ BETWEEN FUNDS Net Current Assets Less ion Terrn Loans Freehold Investments Total Endowment Funds: Permanent Endowment Fund Hou5inE Property Reserve Housing Property Revaluation Reserve Restricted Funds= Social Housing Grant Fund Unrestricted Funds: Cyclical maintenan Fund Extraordinary Repair Fund General Fund 18.533 18,533 101.261 289,394 101,261 289.394 14.711 3.564 11.624 14,711 19,432 31,126 474,457 15,868 19.502 390,655 53,903 29.899 Permanent Endowment Fund The Perrnanent Eftdowment Fund 15 permanent endowment of the Charity with the fund balance being specifically invested. Income from these investments is available fort general purposes of the Charity. Housing Property Reserve The Housing Property Reserve is pem)anent endowment of the Charity and is reprented by the net equity in the housing propertie Houslng Properties Revaluation Reserve This fund is part of the pemanent endowment of the Charity and represents the surplus on revaluation of the housing properties. Cyclical maIntenan Fund The Cyclical maintenan Fund is unrestrirted but designated by the Truste&s for futu cydical repairs as they arise. A transfer is made from the General Fund each year being a speufic amount as agreed bytheTru5t Extraordinary Repair Fund The Extraordinary Repair Fund is unrestrirted but designated by theTrLtStees forfuture major repairs, improvements and rebuilding of the housing properties. A transfer is made from the General Fund each year being a specific amount as agreed by the Ttee5. The fund is required by the Scheme to be specifically invested wth income from these inStments added to the Fund. General Fund The Fund represents accumulated surpluses of the Charity and is available for the genernl purposes of the Charity. Th page does not form part of the statutory financial statements
SPROWSTON WAR MEMORIAL TRUST DAlLED STATEMENT OF FINANCIALAcnvmES 2024 2023 INCOME AND ENDOWMENrs CHARITABLE AcfivmES Contributions Due Losses from Voids 11703 11.4811 11.462 11,222 11,462 INvEMENT INCOME M&G Multi Charity Accumulated Incorr COIF Dep05it Account Interest Recetvable 1.247 52 1.105 19 &299 1.124 TOTAL INCOME 11521 12,586 EXPENDtTURE CHARITABLE ACTNrnES Almshouse Costs Vacant Property Costs Watercharges Light and Heat Insurance Repairs and Renewals Extraordinary Repairs Cyclical Repalrs Gardening CleaninB Bad Debts Sundry Expense5 Houslng Loan Interest 103 320 304 205 5,784 28,412 1,544 30,568 7,837 Support Costs- Governan Adminlstration Fees Audilorfs Remuneratl Trustees, Expense5 Leg81 and Professional Fees Almshouse Assoaatlon Subscription L700 1,700 1,320 230 3,250 11,087 TOTAL EXPENDITURE 33,622 NET INCOMEI{EXPENDITUREI BEFORE GAINS AND LOSSES 121,101) 1,499 NET INVEsTmEP GAINSIILOSSES) 515 NEf INCOMEI(EXPENDITURE) 120,101) 2,014 OTHER RECOGNISEO GAINSIILOSSES) Gain/lLossl on Revaluation of Housing Properties 4.788 36,492 NETMOVEMENTIN FUNDS (15,313) 38,506 RECONauATION OF FUNDS Total Fund5 Brought Forward Total Fund5 C4rried Forward 242.305 226.992 203.799 242,305 This page dces not fom) part ofthe ststutory financral statements -7
SPROWSTON WAR MEMORIAL TRUST DETAILED BALANCE SHE 2024 2023 FIXED ASS5 Tangible Fixed A55ets- Housing Properties Net Book Value at BeEinning of the year GainllLossl on Revaluation Net Book Value at end of the year 239,336 4.788 202,844 36,492 244,124 239,336 Listed Investments MBrket Value at Beginnlng of the year Additions at cost Dlsposal Proceeds Galn/lLossl on Revaluatlon Market Value at end of the year 30,373 1,247 {29,1) I,0( 25,753 4,105 515 3.620 247.744 30,373 269,709 CURRENf ASSErs Debtors and Prepayments Contributlons In Arrears other Debtors Legaty East Almshouse Partnership Prepayments and Accrued Income 982 141 1,294 212 223 364 Cash at Bank and In Hand Barcla Current Account COIF Deposit Account 1,014 1,066 3,554 1,014 1,378 CREDrroRS: Amoynts falling due wlth one year Loans Contrlbutions in Re¢elved In Advance Other Creditors Legacy East Alm5hou5e Partnership Acciuals and Deferred Income 12,153) 12,0041 12,1721 11,3201 11,2961 13,4491 15,4961 NET cuRREASSErsIlUABlLff1E5l 105 14,1181 TOTAL ASSEtS LESS CURRENf UABILThIES 147,849 265.591 CREDrroRS: Amounts fallln8 due after more than one year Loans 120,8571 123,2861 NEf ASSETS 226,992 242,305 CAPITAL AND RESERVES Endowment Funds.. Permanent Endowment Fund Houslng Property ReseNe Housing Property Revaluatlon Reserve 114,555 106,559 112,275 101,771 221,114 214,046 Restrirted Funds: Social Hou5inB Grant Fund Unrestricted Funds.. Cycllcal Malntenance Fund Extraordinary Repair Fund General Fund 2,258 3,620 6,988 16,716 4,555 5.878 226,992 28,259 242,305 Thls page does not form part of the statutory flnanclal statements -75-
SPRowsfoN WAR MEMORIAL TRUST RECONauATION OF MOVEMENT IN FUNDS Galns Losses on evaluatlon Of Housln Pro ertl Balances Brou Forward Galns Losses Transfe Betwee Funds Balances Carrled Forward on n¢ome Ex endlture Investments Year Ended 31 December 2024 Endowment Funds Permanent Endowment Fund Houslng Property Reserve Housing Property Revaluatlon Reserve 112,275 101.771 214,046 2,280 114,555 106,559 221.114 4,788 4,788 2,280 Restricted Funds Soclal Housing Grant Fund Unrestricted Funds Cycllcal MaSntenance Fund Extraordinary Repair Fund General Fund 6,988 16,716 4,555 28,259 175 155 503 342 1,000 {5,0601 2,258 3,620 114,2851 119,337 33,622 11,660 12,521 2,780 2,2801 5,878 Total Funds 242,305 12,521 133,6221 4,788 226,992 Year Énded 31 December ZO23 Endowment Funds Permanent Endowment Fund Housing Property Reserve Houslng Property Revaluatlon Reserve 110,170 65,279 175,449 2,105 112.275 101,771 214,046 36,492 36,492 2,105 Restrltted Funds Social Houslng Grant Fund Unrestrlrted Funds Cycllcal Maintenance Fund Extraordinary Repair Fund General Fund 5,345 14,613 8.392 28.350 155 608 11,823 12.586 88 307 120 515 1,400 1,188 14,6931 12,1051 6,988 16,716 4,555 28,259 111.0871 111,0871 Total Funds 203,799 12,586 111,0871 515 36,492 242,305 This page doe5 not form part of the statutory financial statements -7
SPROWSTON WAR MEMORIAL TRUST ANALYSIS OF NEfASSEfs BETWEEN FUNDS Net Current A55ets Les5 Lon Term fixed Assets Freehold Pro lftvestments Totsl Endowment Funds: Permanent Endowmerrt Fund Housing Property ReseNe Hous1 Property Revaluation Reserve Restricted Funds.. Social Housin8 Grant Fund Unrestricted Funds: Cyclical Maintenance Fund Extraordinary Repair Fund General Fund 137,565 106.559 123,010) 114.555 106.559 2,258 3,620 3,620 244.124 3,620 120,752) 226,992 Hou51ng pro1 ReseNe The Housing Property Reserve 15 permanent endowment of the Charity and is represented by the net equity in the housing propertie Housln8 Prowtles Revaluatlon ReSee This fund 15 Part of the permanent endowment of the charity represents the surplus on revaluation of the houssn8 propertie5. Cyclical Maintenance Fund The Cyclical Maintenance Fund Is unrestricted but desiBnated by the Trustee5 for future cydical repairs as they arlse. A transfer Is made from the General Fund each year being a s£111t amount as ased by the Trustees. Extraordlnary Repalr Fund The Extraordinary Repair Fund15 unrestrirted but des16n3ted by the TrLtstees forfuture malor repalrs, Improvements and rebuilding of the housin8 properties. A transfer is made from the General Fund each year being a specific amount as agreed by the Trustees. The fund is requlred by the Scheme to be specifically Invested with income from these investments added to the Fund. General Fund The Fund represents accumulated surpluses of the Charfty and Is avallable forthe general purposes of the Charity. This page does not form part of the statutory finanaal statements
THE ICHELMSFORDI UNITED cHARlEs DAlLED STATEMENT OF FINANCEAL A1VITIEs 2024 2023 INCOME AND ENDOWMETrirs CHARITABLE A1VEs Contributions Due L05se5 from Voids 33,708 26,528 33,708 26,528 INVESTMENT INCOME M&G Multi Charity Accumulated Income Dlvidends Recelvable Deposit Account Interest Receirdble 870 238 206 223 15 1,108 444 TOTAL INCOME 34,816 26,972 EXPENDtruRE CHARITABLE A1VlEs Almshouse Costs Vacant Property Costs Water Charge5 Light and Heat Insurance Repairs and Renew31s Extraordinary Repairs Cyclical Repairs Gardening Cle3ninE Bad Debts Sundry Expenses HouslnB Loan Interest 1,225 633 3,086 4,600 1,522 38,008 1,141 2.267 389 1,051 10,833 44,073 Support Costs- Governan Admlnistration Fee5 Audltorfs Remuneration Trustees, Expenses Legal and Professional Fees Almshouse Lssoaation Subscrlptlon 5,100 1,794 1,524 55 893 3,860 549 7,787 18.6ZO 5,988 50,061 TOTAL EXPENDITURE NET INCOMEIIEXPENDITUREI BEFORE GAINS AND LOSSES 16,196 123.0891 NET INVESTMENT GAINSIILOSSES} L005 1,370 NET INCOME/IEXPENDITUREI 17,201 121,7191 OTHER RECOGNISED GAINSIILOSSESI GainllL0551 on Revaluation of Housing Properties 1,627,618 NET MOVEMENT IN FUND5 1,644,819 121,7191 RECONCIUATION OF FUNDS Total Funds BroLtght Forward Total Funds Carried Forward 25,672 1,670,491 47,391 25,672 This page d$ not form part of the statutory financial statements -78-
THE ICHELMSFORDI UNITED CHARITIES DEfAILED BALANCE SHEET 2024 2023 FIXEDAsS5 Tangible Fixed Assets- Housing Properties Net Book ValLte at BeBinninE of the year GaSTVILossI on Revaluation Net Book Value at end of the year 1.627,618 1,627,618 Listed Investments Market Value at Beginning of the year Additions at cost Disposal PrOedS G31n/lL0551 on Revaluatlon Market Value at end of the year 26,446 870 46,870 206 122,0001 1,370 1,005 28,321 1,655,939 26,446 26,446 CURRE A55Ers Debtors and Prepayments Contributions in Arrears Legacy East Almshouse Partnership Prepayments and AccrLted Income 15,855 668 16,S23 Cash at Bank and In Hand Current Account COIF Deposit Account 579 579 579 16,523 CREDrroRS: Amounts falllng due wlth one year Loans Contributions in Received In Advance Other Creditors Legacy East Almshouse Partnershlp Accruals and Deferred Income 1177) Iiiii 11,2421 1,794 11,9711 11.3531 NET CURRENT ASSETS/ILIABILtriESI 14,552 17741 TOTALASSETS LESS IIIRRENT UABIUTIES 1,670,491 25,672 CREDITORS.. Amounts falllng due after more than one year Loans NET ASSErs 1,670,491 25,672 CAPITALAND RESERVES Endowment Funds.. Permanent Endowment Fund Housing Property Reserve Housing Property Revaluation Reserve 5,455 5,278 1,627,618 1,633,073 5,278 Restricted Funds.. SOCSBI Housing Grant Fund Unrestrfcted Funds: Cyclic31 Maintenance Fund Extraordinary Repair Fund General Fund 6,264 26,700 4A54 21.168 17741 37,418 1,670,491 20,394 25,672 Th page does not fom) part of the statutory financial Statements -7
THE {CHELMSFORD} UNITED cHARlEs RECONCILIATtON OF MOVEMEKf IN FUNDS Galns L¢)sses on Revaluatlon Of Housin Pro ertie5 Balances Brou Forward Galns Losses Transfèr Between unds Balances Carrled Forward on Income Ex enditure Investments Year Ended 31 December 2024 Endowment Funds Permanent Endowment Fund Housing Property Reserve Housing Property Revaluatlon ReseNe 5,278 177 5,455 1,627,618 1,627,618 1.627.618 1.633,073 5,278 177 Restricted Funds Social Housing Grant Fund Unrestricted Funds Cyclical Maintenance Fund Extraordinary Repair Fund General Fund 6,264 3,834 {10,098} 6,264 26,700 4.454 37,418 21,168 17741 ZO.394 870 33,946 34.816 118,6201 118,620} 828 Total Funds 25,672 34,816 118,6201 1,005 1,627,618 1,670,491 Year Ended 31 De¢ember 2023 Endowment Funds Permanent Endowment Fund Housing Property Reserve Housing Property ReluatIOn ReseNe 5,189 89 5,278 5,189 89 5,278 Restricted Funds Social Housing Grdnt Fund Unrestricted Fund5 Cyclical Maintenance FLFnd Extraordinary Repair Fund General Fund 41,681 521 42.202 206 26,766 26.972 122,0001 128,0611 150,0611 1,281 21,168 17741 20,394 1,281 Total Fund5 47,391 26,972 150,0611 1,370 25,672 This page does not form part of the statutory financlal statements
THE {CHELMSFORD) UNETED CHARMES ANALYSIS OF NET ASSETS BETWEEN FUNDS Net Current Assèts Less Lon Term Loan5 Fixed Assets Freehold Investments Totsl Endowment Funds- Permanent Endowment Fund Housing Property Reserve Housing Property Revaluatlon Reserve Restricted Funds: Social Housing Grant Fund Unre5¢rirted Funds.. Cyclical Maintenance Fund Extraordinary Repair Fund General Fund 5,455 5,455 1,627,618 1,627,618 6,264 3,834 4.454 14,552 6,264 26,700 4.454 1,670,491 22,866 1,627,618 28,321 Houslng Property Re5eNe The Housing Property Reserve Is permanent endowment of the Charity and Is represented by the net equity In the housing properties. Houslng Propertles Revaluatlon Reserve This fund is part of the permanent endowment of the Charity and represents the Surplus on revaluation of the houslng propertles. Soclal Housing Grant Fund The SocSal Housing Grant Fund is a restrlcted fund and represents the grant received of £43.754 In connectlon with the hou51n8 property purchase. Cycllcal Malntenano Fund The Cyclical maintenan Fund 15 unrestdcted but deslgnated by the Trustees for future cyclical repairs as they arise. A transfer 59 made from the General Fund each year belng a specific amount a5 agreed by the Trustees. Extraordlnary Repalr Fund The Extraordinary Repair Fund is unrestricted but designated by the Trustees forfuture major repalrs, Improvements and rebulldln8 of the housSng properties. A transfer15 made from the General Fund each year beSng a specific amount a5 agreed by the Trustees. The fund Is required by the Scheme to be specsfically Snvested wth income from these Investments added to the Fund. General Fund The Fund represents accumulated surpluses of the Charity and is avallable for the general purpose5 of the Charity. This page doe5 not form part of the statutory financlal Statements -81-
THE ERNEST ELUAH EvER[TRu DEfAIiED STATEMEKf OF HNANaALAcrivmES 2024 2023 INCOME AND ENDOWMENTS cHARABLE AcrivtTIES Contributions Oue Losses from Void5 23,495 11,1831 11,233) 24256 22,312 INVEMENT INCOME M&G Multi tharity A(mulated Incorr Dividends Receivable COIF Deposit Account Interest Reivable 4WI 3,928 9,074 7,916 TOTAL INCOME 33330 30,228 EXPENDtruRE CHARITABLE A[VMEs Almshouse Costs Vacant Property Costs Water Charges Light and Heat Insurance Repairs and Renewals Extraordinary Repai Cyclical Repairs Gardenin8 Cleaning Bad Debts Sundry Expenses Ho1* Loan Interest 691 360 7.580 4,196 7.637 8,631 Support Costs- Goveman Administration Fees Auditorfs Remuneration Trustees, Expenses Legal and Profesonal Fees Almshouse Assoaation Subscription 1.542 1,560 4,960 13,591 TOTAL EXPENDrruRE 12,637 NET INCOMEIIEXPENDITURE) BEFORE GAINSAND LOSSES 20,693 16,637 NET INvEStmETr GAINSIIL055ES} 2,419 INCOMEIIEXPENDITURE) 24,982 19,056 OTHER RECOGNISED GAINSIIL055ES) Gain/lL0551 on Revaluation of Housing Properties 14,444 26.739 NETmOVEMEP1N FUNDS 39,426 45,795 RECONauATION OF FUNDS Total Funds Brought FoA¥ard Totsl Funds Carried Forward 786,505 825.931 740,710 786,505 This page does not form part of the statutory financial statements
THE ERNESTELUAH EVERrrrTRU5r DAlLED BALANCE SHE 2023 FIXED ASSETS Tangible fixed Assets- Housing Properties Net Book Value at Beginning of the year Gainlliossl on Revalu*ion Net Bookvalue at end of the year 596,835 14.444 570.096 26.739 611,279 596.835 Listed Investments Market Value at Beginnlng of the year Addtiions at cost Disposal ProedS Gain/lLossl on Revaluation Market Value at end of the year 103.197 3,988 4.501 2.419 118.394 729.673 109.604 706.439 CuRREASsE[s Debtors and Prepayments Contribubons in Arrears Other Debtors Legacy East Alm5hou5e PartnehIp Prepayments and Accrued Income 475 1.229 2.527 1.116 2,345 Cash at Bank and in Hand Barclays Current Account COIF Deposit Account 94.210 89.619 94.210 89,619 91,964 CREDtfoRS: Amounts falling due with one year Loans Contributions in ReiVed in Advance Other Creditors Legacy East Almshouse Partnership Accruals and Deferred Income {456) 110.3381 11.5601 (1.542) {1,998} 111,8981 NET CURRENf ASSETSI(uABIL1E5j 96,258 80,066 TOTALASSETS LESS CURRENT UA8ILmES 825,931 786,505 CREDrroRS: Amounts fallirE due after more than one year Loans Nrr ASSETS 825,931 786,505 CAPITALAND RESERVES Endowment FLEnds'. Pemanent Endowment Fund Housing Property Reserve Hous1 Property Rwdluatton Reserve 480.j 116,835 13L279 611,279 596.835 Restricted Funds." Social Housing Grart Fund Unrestricted Funds- Cyclical Maintenance Fund Extraordinary Repair Fund General Fund .681 11.408 189,563 12,185 8,852 168,633 214.652 825.931 189,670 786,505 This page does notform part of the statutory financial ststements
THE ERNEST ELIJAH EVERirr TRusr RECONCIUATION OF MOVEMENT IN FUNDS Galns Losses on Revaluatlon Of Housln Pro ertles Balance5 Brou Forward Galns Losse ransfer Betwee und Balances Carrled Forward on Income Ex endlture Investments Year Ended 31 December 2024 Endowment Funds Pernianent Endowment Fund Housing Property Reserve Housing Property Revaluatlon Reserve 480,000 116,835 596,835 480,000 131,279 611.279 14,444 14.444 Restrlrted Funds Soclal Houslng Grant Fund Unrestricted Funds Cyclical Malntenance Fund Extraordlnary RepaSr Fund General Fund 12,185 8,852 168,633 189,670 12,680) 4,176 2,556 16,7321 13.681 11,408 189,563 214,652 33,330 33,330 9,957 12,637 4,289 4,289 Total Funds 786,505 33,330 {12.637) 4.289 14,444 825,931 Year Ended 31 December 2023 Endowment Funds Permanent Endowment Fund HousSng Property Reserve Houslng Property Revaluatlon Reserve 480.0110 90,096 570,096 480,0(Y) 116,835 596,835 26,739 26.739 Restricted Funds Social HousSn8 Grant Fund Unrestritted Funds Cyclical Maintenance Fund Extr30rdinary Repair Fund General Fund 9,385 6,476 154,753 170,614 2,800 2,376 5,1761 12,185 8,852 168.633 189,670 30,228 30,228 113,5911 113,5911 2,419 2,419 Total Funds 740,710 30,228 113,5911 2,419 26,739 786,505 This PBge does not form part of the statutory flnanclal statements
THE ERNEST ELUAH EvER[TRu ANALYSIS OF ASSEfs BETWEEN FUNDS Net Current Assets Less ion Tem) Loans yed A55ets Freèhold Pro Investments T¢tsl Endowment Funds: Permanent Endowrnerrt Fund Housing Property Reserve Housing Property Revaluation Reserve Restrirted Funds.. Stxial Housing Grart Fund Unrestrirted Funds: Cyclical Maintenance Fund Ertraordinary Repair Fund General Fund 13L279 131,279 .681 11.408 71,169 .681 IIA08 189,563 825,931 118,394 611,279 Hou51ng Property Reser¥e The Housing Property Reserve Is pemwnent endowment of the Charity and is represented by the net equity in the housing properties. Houslng Propertles Revaluatlon RestrvE This fund is part of the pemianent endowrnent of the tharity and represents the surplus on revaluation of the housing properties. Cyclical Maintenance Fund The Cyclical maintenan Fund is unrestricted but designated bythe Trustees forfuture cyclical repairs as they arise. A transfer 15 made from the General Fund each year being a specific amount as agreed bythe TnJ5tees. Extrdordlnary Repalr Fund The Extraordinary Repair Fund is unrestricted but destgnated bythe Tnte&S fOrfutU major repairs. improvements and rebuilding of the hoLL4ing properties. A transfer is made from the General Fund each year being a specific amount as agreed by the Trustees. The fund is required by the Scheme to be specifically invested wth income from these investments added to the Fund. General Fund The Fund represents accumulated surpluse5 of the Charity and is available for the general purposes of the Charity. This page does not form part of the statutory financial statements -8>
THE FULIER ALMSHOUSES DEfAILED STATEMENTOF HNANCIALACTfviTIES 2024 2023 INCOME AND ENt)OWMEPITS CHARtrABLE AcmirnES Contributions Due Losses from Voids INVEsfMENT INCOME M&G Multi (harityAccumulated Income Dividends Receivable COIF Deposit Account Interest Rl¥able 3,937 41,806 31,730 46250 35,667 TOTAL INCOME 35.667 EXPENDrruRE CHARITABLE AcrivtnES Almshouse Costs Vacant Property Costs Watercharges ght and Heat Insurance Repairs and Renewals Extraordinary Repair5 Cyclical Repairs Gardening Cleaning Bad Debts Sundry Expenses Housing Loan Interest Support Costs- Goveman Administration Fees Auditorfs Remuneration Trustees, Expenses Legal and Professional Fee5 Almshouse Association Subscriptic 850 850 210 2,766 2,766 TOTAL ExPEN0URE 1,060 INCOMEI{EXPENDITURE} BEFORE G41NSAND LOSSES 34,607 INVEThIEMf GAINSIILOSSESI 2.388 NEf INCOME/IEXPENDfwRE) 47.718 36,995 OTHER RECOGNISED GAINSI{LOSSES) GainllLossl on Revaluation of Housing Properties NMovEMENTIN FUNDS 47,718 36,995 RECONCIUATION OF FUNDS Total Funds Brought Forward Total Funds Carried Forward 823.380 860,375 908,093 page does not fom part ofthe statutory finanaal statements
THE FULLER ALMSHOUSES DETAILED BALANCE SHE 2024 2023 FIXED ASSErs Tangible Fixed Assets- Housing Properties Net Book Value at 8eginninE of the year GairVILossl on Revaluation Net Book Value at end of the year Listed Investments Market Value at BeEinning of the year Additions at cost 01sposal Proceeds GalnllLossI on Revalu3tlon Market Value at end of the year 108,212 101,886 3,938 2.388 116,890 116.890 108,212 108,212 CURREpff ASSETS Debtots and Prepayments Contrlbutlons In Arrears Other Debtors Legacy East Almshouse Partnershlp Prepayrnents and Accrued Income 3,301 3,301 Cash at Bank and In Hand Barclays Current Account COIF Deposit Account 789,457 755,736 789,457 792,758 755.736 755,736 CREDtTORS: Amounts fallin8 due wh one year Loans Contributlons In Recelved In Advance Other Creditors Legacy East Almshouse Partnershlp AccrLtals and Deferred Income 1511) 13,5731 11,55SI 13,5731 NET CURRE ASSEfs1{UABILrriESI 791,203 752.163 TOTALASSETS LESS CURRENT UABILMES 908,093 860.375 CREDoR5. Amounts falling due after more than one year Loans NEf ASSETS 908,093 860,375 CAPITALAND RESERVE5 Endowment Funds.. Permanent Endowment Fund Housing Property Reserve Housing Property Revaluatlon Regerve Restricted Funds.. Social Housing Grant Fund Unrestricted Funds: Cyclical Malntenance Fund Extraordinary Repair Fund General Fund 908,093 860,375 908,093 908,093 860,375 860,375 This page doe5 not form part of the statutory financial statements -87-
THE FULLER ALMSHOUSES RECONauATION OF MOVEMENT IN FUNDS alns on Revaluatlo Of Housln ertles Balances Brou For¥rdrd Galns on Investments Transfer Between und Balances Carrled Forward ncome ndlture Year Ended 31 December 2024 Endowment Funds Pernianent Endowment Fund Hou51ng Property Reserve Hou51ng Property Revaluatlon Reserve Restrlrted Funds Social Houslng Grdnt Fund Unre5trirted Funds Cyclical Maintenance Fund Extraordinary Repair Fund General Fund 860,375 860,37S 46,2SO 46,250 766 12,766 908,093 908,093 Total Funds 860,375 11766} 908,093 Year Ended 31 December 2023 Endowment Funds Permanent Endowment Fund HousSng Property Reserve Housing Property Revaluation Reserve Restricted Fund5 Soclal Houslng Grant Fund Unrestricted Funds Cyclical Maintenance Fund Extraordinary Repair Fund General Fund 823,380 823,380 35,667 35,667 11,0601 11.0601 2,388 2,388 860,375 860,375 Total Funds 823.380 65.658 11.0601 2,388 860,375 page dS not form part ofthe statutory financial statements
THE FULLER ALMSHOUSES ANALYSIS OF ASSEfs BETWEEN FUNDS Net Current Fixed Assets Freehold Pro Investments Loans Total Endowment Funds: Permanent Endowment Fund Housing Property Ro4erve Housing Property Revaluation Reserve Restricted Funds: Social HousinE Grant Fund Unrestricted Funds: Cycli[ maintenan Fund Ext130rdinary Repair Fund General Fund 116.Th) 116.890 791,203 791.203 908,093 9)8.093 Houslng Pmperty Reserve The Housing Propetty Reserve pemianent endowment of the Charttyand is represented by the neteqLtity in the housing properties. Houslng Propertie5 Revaluatlon Reserve This fund is part of the pern13nent endowment of the Charity and represents the surplus on revaluation of the housing properties. Social Houslng Grant Fund The Social Housing Grant Fund is a restrictedfuTrl and representsthe grant reCeId of£43.754 in connettion wtth the housing property purchase. Cycllcal maintenan Fund The Cyclical maintenan Fund is unrestricted but designated by the Trustees forfuture cycfical repairs as they arise. A transfer is made frorn the General Fund each year being a 5CifiC amount as agreed by the TDJSt. EKtrAordlnary Repair Fund The Extraordinary Repair Fund is unrestritted but designated bythe Trustees forfuture major repaits. improvements and rebuilding of the housing properties. A transfer is made from the General Fund each year being a specific amount as agreed by the Trustees. The fund is required by the Scheme to be spectfically invested wth income from these investments added to the Fund. General Fund The Fund represents accumulated Suuse5 of the Charity and Is available forthe general purposes of the Charity. This page doe5 not form part ofthe ststutory financial ststements
WRITFLE ALMSHOUSE CHARITY DEfAILED STATEMENTOF FINANCIAL AcnviTIES 2024 2023 INCOME AND ENDOWMEFirs CHARITABLE AcrivmES Contributions Due Losse5 from Voids 19,494 17,146 19,494 17,146 INVESTMENT INCOME M&G Multi Charity Accumulated Income Dividends Receivable COIF Deposit Account Interest ReIvable 672 439 1,943 1,669 2,61S 2,108 TOTAL INCOME 22,109 19,254 EXPENDftURE CHARrrABLE ACTnimES Almshouse Costs Vacant Property Costs Water Charges Light and Heat Insurance Repairs and Renewals Extraordinary Repairs Cyclical Repairs Gardening Cleaning Bad Debts Sundry Expenses Houslng Loan Interest 62 3,047 532 868 2,590 4,814 510 2,283 1,380 8,929 8,987 SupportCosts-Govern3n Administration Fee5 Auditorfs Remuneration Trustees. Expenses Legal and Professional Fees Almshouse A5soaation Subscription 2,550 1,416 2,550 1,440 58 4.024 12,953 3,990 12.977 TOTAL EXPENDITURE INCOMEIIEXPENDITURE) BEFORE GAINS AND LOSSES 9,156 6,277 INVE¥fMENT GAINSIILOSSES} 616 NET INCOMEIIEXPENDITUREI 9,772 6.461 OTHER RECOGNISED GAINSIILOSSESI Gain/lLossl on Revaluation of Housing Propertie5 9,626 17,819 MOVEMENT IN FUNDS 19398 24,280 RECONCIUATION OF FUNDS Total Fund5 Brought Forward Total Fund5 Carried Forward 452.915 472.313 428,635 452,915 This paEe does not form part of the statutory financial statements
WRtrriE ALMSHOUSE CHARrrY DAlLED BALANCE SHE 2024 2023 FIXED ASSErs Tangible Fixed Assets- Housir¢ Properties Net Book V31ue at Beginning of the year Gainlllossl on Revaluation Net Bookvalue at end of the year 397.737 9,626 379,918 17,819 407.363 397,737 Listed Investments Market Value at Beginning of the ar Additions at cost Disposal Proed$ GainllLossl on Revaluation Market Value at end of ihe year A22 9,799 2,439 616 18,710 426.073 12,422 410,159 CURRENT ASSErs Debtots and Prepayments ContribLttions in Arrears Other Debtors Legacy East Almshouse Partnership Prepaymnts and AccrLd Income 645 598 7,425 742 6,192 744 812 7.534 Cash at Bank and in Hand Barclays Current Account COIF Deposit Account 40,023 38.072 40,023 38,072 45,606 CREDITORS: Amounts falling due wlth one year Loans Contributlons In Recelved In Advance Other Creditofs Le8a¢y East Almshouse Partnershlp Accruals and Deferred Income 1789) 17961 1,806) 12,0541 12,5951 12,8501 NET CURRE ASSETSI{UABILmES} 46,240 42,756 TOTAL ASSETS LESS CiIRR£NT LIABILMES 4n,313 452,915 CREDrroRS: Amounts fallirs due after more than one year Loans NET ASSErs 472.313 452,915 CAPITAL AND RESERVES Endowment Funds: Permanent Endowment Fund Housing Property ReseNe Housing Property Revaluation Reserve 56,368 350,995 56,368 341,369 407.363 397,737 Restrirted Funds- Social Housing Grant Fund Unrestricted Funds: Cyclical Maintenance Fund Extraordlnary Repalr Fund General Fund 14,789 22,411 27,750 11,657 19,922 23.599 64.950 472,313 55,178 452.915 This page does not fom part of the statutory finanoal stements -91-
WRITfLE ALMSHOUSE CHAR RECONauATION OF MOVEMETrif IN FUNDS Galn5 on Revaluatlon Of Housln ertles Losses Balances Brou Fonwdrd Galns Losses Transfer Between Fund Balances CaThled Forward on nfo ndfture Investments Year Ended 31 December 2024 Endowment Fund5 Permanent Endowment Fund H¢)using Property ReseNe Housing Property RevaluatSon Reserve 56,368 341,369 397,737 56,368 350.995 407.363 9,626 9,626 Restricted Fund5 Soclal Hou51n8 Grdnt Fund Unrestrfcted Funds Cycllcal MaintenaTh Fund Extraordinary Repalr Fund General Fund 11,657 19,922 23.599 55,178 3,132 1,917 5,049) 14,789 22,411 27,750 64,950 298 21.811 22,109 274 342 616 12,953 12,953 Total Funds 452.915 22.109 {12.953} 616 9,626 472,313 Year Ended 31 Dffember 2023 Endowment Funds Pernianent Endowment Fund Houslng ProFerty Reserve Housing Property Rewdluatlon Reserve 56,368 323,550 379,918 56,368 341,369 397,737 17,819 17,819 Restrtrted Funds Social Housing Grant Fund Unrestricted Funds Cyclical Maintenance Fund Extraordinary Repalr Fund General Fund 9.557 17,897 21,263 48,717 2.100 1,782 13,8821 11,657 19,922 23,599 55,178 197 19,057 19,2S4 46 138 184 112,9771 112,9771 Totsl Funds 428.635 19.254 112,9771 184 17,819 452,915 This page does not fom part ofthe ststutory financial statements
wRrLE ALMSHOUSE CHAlltrY ANALYSIS OF NrrASSEfs BETWEEN FUNDS Net Current Assets Less Fixed Assets Freehold Pro Instments Loans Totsl Endowment Funds: Pem)anent Endowment Fund Hous1 Property Reserve Housir¥ Property Rwdluati¢)n Reserve Rertrirted Funds-. Soclal Housing Grant Fund Unre5trirted Fund5- Cyclical Maintenante Fund Extraordinary Repair Fund General Fund 56?68 350,995 56,368 350,995 14.789 14,183 17.268 46.240 14.789 22.411 27,750 472,313 18,710 Houslng Property ReseNe The HousSng Property Reserve ts pemianent endowment of the Charlty and is represented bythe net equlty In the housln8 propertles. Housln8 Propertles Revaluallon Reserve This fund is part of the pemianent endowment of the Charity and represents the surplus on revaluation of the housin8 properties. Cycllcal Malntenance Fund The Cyclical Maintenance Fund Is nStrIcted but designated bythe Trustees forfuture cydical repairs as they arise. A transler Is made from the Genenl Fund each year beln8 a specific amount as agreed by theTrustee& Extraordlnary Repalr Fund The Extraordinary Repair Fund Ss unrestdrted but designated bythe TnJstees forfuture malor repalrs. Improvements and rebullding of the houslng properties. A transferls made from the General Fund each year belng a specific amount as agreed by the Trustee5. The fund Is required by the SCMe to be specifKally inve#ed with income from these in¥Estments added to the Fund. General Fund The Fund represents attumulated surpluses of the Charlty and Is avallable forthe Beneral purposes of the Charfty. This page does not fom part ofthe statLrtory financial statements -9>
LEGACY EAST ALMSHOUSE PARTNERSHIP DETAILED STATEmEOF FINANCIAL AcnvmES 2024 2023 INCOME AND ENDOWMEKrs DONATIONS AND LEGACIES Donations CHARABLE A1vmE5 Management and Administration Fees 63.750 59,925 INVE5fMÉNT INCOME COIF Deposit Account Interest Receivable 6,654 4,833 OTHER INCOME Fee for Research Projett 630 TOTAL INCOME 71,904 65,388 EXPENDtruRE CHARITABLE AcrivmES Almshouse Management Operating Costs Uerks Fees and Expenses Auditorfs Remuneration Tru5tees' Expenses Sundry Expense5 Subscriptions Bank Charges 35.388 1,476 335 765 32,775 1,482 551 461 36 TOTAL EXPENDITURE 38,000 35.539 INCOME BEING THE MOVEMENT IN FUNDS 33.904 29,849 RECONCIUATION OF FUNDS Total Funds Brought Forward Total Funds Carried Forward 128.990 162,894 99.141 128,990 This page dc*s not form part of the statutory financial statements