BUSINESS ADVISORS &ACCOUNTAprrs Rosemary Almshouse Financial Statements For the Year Ended: 31 December 2024 Registered Charity No: 1157430
ROSEMARY ALMSHOLISE CONTElItS OF IHE FINANaALSTATEMENTS FOR TrIE YEAR ENDED 31 DEMBER 2024 Pa8e Report of theTn I to 3 1Thdepdent Examlnerfs Report Statemont ol Hfian¢l•l A¢llvltles Balance Sheet Note5 to the Flnandal Statements 7 to 16 Detslled Statement of FlnandalArtfvltles 17
REPORT OFIHE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present thelr report alcry with the financial 5tstemerts of the charfty for the year ended 31 December 2024. The trustees have adopted the pro%Trsions of the Statement of Recommended Practice {SORP) °knountlng and Reportln8 by Charitles. in pparing the annual rewt and financial statements of the charlty. The flnandal statements have been prepared In cordanCe with the accounting policle5 set OLrt In notes to the accounts on pages 7, 8 and 9 and comply wlth the char]ty's gtr4emln8 duMent, the Charltles Act 2011 and Accountlng and Reportlng Charities: Ststernent of Recommerkyed Prartice appTrcae to charities Prepari their accounts In accordan th the Flnandal Reportln8 Stsndard applkable In the UK and Republk of Ireland publlshed In October 2019. 08JECTIVES AND ACTnnnES Objectlves and alms maln obkrt of Charlty Is the provlslon of hws1 for poor people of the partsh of Stamwèy who are over 60 years of a8e ar¢d were bom In the area of beneflt or are resldent thereln at tlme of apF<>lntment. Preference shall be glven towklows, splnster$ and marrled couples qualllled as afLYesald. Appllatlon of Inc<yne The net Income shall be appw first to repak. Insure and meet atl other ¢wt8olngs In respect of the Charlty's propertle5 and all proper c05ts of the Charlty'5 admlnlrtratlon and mana8emenL Thereafter net Income shjll be applled forthe benefit of the almspeople of the Charlty. Sl8nlfkant acthiltles The Charlty ¢urrentty pradeS I1 •lmshouse wopertles I1 Its alm Is to 11$e these as far •s posslble to meet the object1S of the Charity. Publlc benefft These actsvlttes are ¢onsldered to be for the putrllc benefit and In runnlng Charlty the Tfuste¢s have regard for the Charlty Comm1551on gUklan on publlc benefiL ACHIEVEMEN15 AND PERFORMANCE Charftable actfvltles The trustees contlnue to maintaln the almshouses wlth referee to t qulnquennlai reports and belry mlrKlful of the hopeful agreement to the planniry application for the developmenL FINANCIAL REVIEW Flnanclal posltlon The Charfty's financlal position is as set in the Balance Slet on page 6 and lsconsldered satlsfactory. Reserve5 polky The Charlty's polloi on Ser£S Is to maintsin sufficient re5erve5 to enable the Charity to contlnue to achleve Its prlnclpal oblertfves. FUTURE PLANS The trustees Intend to malntsln the Cunert hw$1 st to è satlsfactoy stsndwd. sTrucruRE, GOVERNANCE AND MANAGEMENr Govemlng document The Charity Is governed in accordance with a constItutl dated 10 June 2014 as amended on 26 September 20 27 November 201& 20 August 2019, 29 November 2022. 1 M¥ch 2024 èThJ 25 February 2025.
ROSEIWARY ALMSHOUSE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DEM8&1 2024 STRUCTURE, GOVERNAN AND MANA6EMENr Recrultment and appolntmffit of newtrustees As vacancles for Trustees arise applications a sought from potential candidates kncwn to the Trustees and other sultable local peopl& Appllcants are then constdered lry the Trustees and app)intments made by resolution of the Trust. Organlsatlonal stNcture Day to day administration ofthe Charlty is caffled cwt ty the uerkvA rep(rts to the Trustees Indu(tlon and tralning of newtrustees New Trustees are briefed by the Clerk and the exsting Trustees on the hstory and activitie5 of the Charity. They are provided with a copy of the Charity cnmISSIon pu1¢al3¢n Yhe Essent1 Trustee. detslllng thelr responsirItIeS and provithng guidance on belng a Trustee. NewTrustees are prCwI wlth a COFry d the Charitsls governlng d¢xument and tP* latsst account% Related parties There are no other tharities related to the Rosemary Almshou The Clerk to ts (tharlty Is also Clerk to other almshouse charibe& Risk managemthrt The trustees have a duty to Identify and revi the risks to which the tharity Is exposed and to ensure appropriate controls are In aCe to pro41de reasonable aswrarte agaln5t fraud ard error. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charlty number 1157430 Prlndpal address 286 Mersea Road Colchester Essex C02 8QY Trustees D T Irdand (resig1 2516r24) Mrs M Jackson (resigned 9111241 Mrs Ssplce A Warnes Rev A 8ushell. Chair O Kent Cllr D Jordan O F Wotton lappointed 2115124} M Minter (appointed 2715125) J R Tucker lapwinted 27151251
ROSEMARY AU¥lSHOUSE REPORT OFTHE TRUSTEES FOR THE YEAR ENDEO 31 DEMBER 2024 REFERENCE AND ADMINISTRATIVE DETAIIS Independent Examlner Slmon Wellln8 TCGroup Accountants Town Wall House Balkerne Hill Colthester Essex C03 3AD Sollcltots Anthony Collinssollcltors LLP 134 Edmund Street 8irmingham 83 2ES aerk to the Ch•rfty ison Smith 286 Mersea Road Colcherter Essex C02 8QY Bankers COperate Bank PO Box 250 Skelmersdale WN8 6wr Approved by order of the board of trustees on 10 September 2025 and slgned on Its behalf by: Rev A Bushell Trustee
INDEPENDENT EXAMINER'5 REPORTTO THE TRusfEES OF ROSEMARY ALMSHOUSE Independent examlnerf$ report to thetrnstees ol Rwmary Almsh(se I report to the charlty trustee5 on my examlnatlon of the accounts of Rosem¥ry Almshouse (the Trust} for the year ended 31 December 2024. Respon51bllltles and basls of report A5 the charlty trustees of the Trust you are responslble for the preparatlon of the accounts In acCOrdae wlth the requirements of the Charltles Act 20111'the Act'l. I report lft respert of my examlnatlon of the Trusvs accounts carrled out under 5ectlon 145 of the Art and In corrylng out my examlnatlon I have followed all aPPCable Dlrectlons glven by the Charlty Commlsslon under Sertlon 14515llbl of the Art Independent examlner's statement I have completed my examlnatlon. I confirm tt no materlal matters have Come to my attentlon In connectlon wlth the examlnatlon 8lvln8 me cause to belleve that In any materlal respect.. accountln8 records were not kept In respert of the Trust as requlred by Sectlon 130 of Act; or the accounts do notaccord wlth those records,. or the accounts do not eomply wlth the appll¢able requkements concernlng the form and content of accounts set out In the Charltles {Accounts and Reports) Re8ulatlons 2008 other than any requlrement that the accounts 81ve a true and falr vlew whlch Is not a matter consldered as part of an lftdependent examlnatlon. I have Th) concems and have come across no other matters In cty)nertlon wlth the examlnatlon to whlch attentlon should be drawn In thls report In order to enable o proper understandlng of the accounts to be reached. Slmon Welllng CertSfled Accountant TC Group kcountsnts Town Wall House 8alkerne Hlll Colche5ter E55ex C03 3AD 18 September 2025
ROSEMARY ALMSHOUSE STATEMENT OF FINANCIALAcfiviTIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 Total fund5 2023 Total funds Unrestrlcted funds Restrlrted funds Endowment funds Notes INCOME AND ENDOWMENTS FROM Ch•rltable actlvltle5 Almshouse5 acilvity 32N46 32A46 29,415 Investment Income 4.091 4.091 Total 36,537 EXPENDITURE ON Charftable actlvltles Almshouses actlvlty 21,866 21,866 20,784 14,671 14.671 12,080 Net 8alns on Investments 3.720 2,279 NEf INCOME 18,391 18,391 14,359 Other r¢¢o8nlsed 8aln51{1055es) GaSns on revaluatlon of fixed assets 179 220 Net movement In funds 18,391 15,986 34,377 193.579 RECONCILIATION OF FUNDS Total funds brou8ht forward 129A76 121.984 799,268 &050,628 857,049 TOTAL FUND5 CARRIED FORWARD 147.767 1050 628 CONTINUING OPERATIONS All Income and expendlture has arlsen fram contlnulng actlvltles. The notes fomi part of these flnanclal ststements
ROSEMARY ALMSHOUSE BALAN SHEEr 31 DECEMBER 2024 2024 Total funds 2023 Total funds Unrestrlcted funds Re5trlcted funds Endowment funds Note5 FIXED ASs T8nElble a55ets Investments io li 119.287 815.254 934,541 110,526 91L345 97,504 110.526 110,526 119287 815,254 L045,067 1,008,849 CURREiifASSErs Debtors Cash at bank 12 2,729 2,729 48,099 2.705 9,907 alO.921 9,907 50,828 44,222 U¢EDITORS Amounts fallln8 due wlthln one year 13 13,680) {7.2101 {100901 12,4431 NEf CURRENT ASSETS TOTAL ASSEfs LESS CURRENT LIABIUTIES 147.767 121,984 815,254 1085,005 1,050,628 NEfASSErs 147,767 121,984 1,085,005 1,050 628 FUNDS Unrestricted funds Restrlcted funds Endowment funds 14 147,767 IZl,984 815,254 129,376 121,984 799,268 TOTAL FUNDS 1085 005 1,050,628 The flnandal Statements were approved by the Board of Trustees and authorlsed for Issue on 10 September 2025 and were sl8ned on Its behalf by: Rev A Bu5hell Trustee S Splce Trustee The notes fomi part of these flnanclal statements
ROSEMARY ALMSHOUSE NOTES TO IHE FINANCIALSTATEMENTS FOR ThE YEAR ENDED 310ECEMBER 2024 TRANSFER OF ENGAGEMENTS On 6 October 2015 the actlvltles, assets and Ilabllltles of The Rosemary Almsh¢yJse Charlty Icharlty Reglstratlon Number 2281781 were transferred to thls Charity. ACCOUNTING POLiaES Basb of preparln8 the flnan¢lal st*ement$ The flnanclal statements of the charlty. whlch Is a publtc errtlty under FRS 102, have been prepared In accordance wlth the Charltles SORP {FRS 1021 'Accountln8 and Reportlng by Charltles: Statement of Recommended PTactlce applkable to charifjes preparlng thelr accounts In accordance wlth the Flnanclal Reportlng Standard appllcable In the UK and Republlc of Ireland IFRS 1021 leffectlve l January 20191,, Flnanclal Reportlng Stsndard 102 Yhe Flnanclal Reportlng Standard appllcable In the UK and Republ1¢ of Ireland, and Charltles Act 2011. The financlal statements have been prepared under the historlcal cost conventlon, wlth the exceptlon that houslng propertles are Included at valuatlon and lrniestments are Included at market value. For the purposes of presentatlon the flnaftclal ststements a rounded to the nearest Pound Sterlln81£1. Fund A¢¢ouniln8 Unrestrlcted funds are avallable to spend an actlvltle5 that further any of the purposes of Charlty. Deslgnated funds are unrestrlcted funds of the charlty whlch the trustee5 have decEded at thelr dIsCtIOn to set aslde to use for a speclflc purpose. RestrlctÈd funds are funds whlch the donor has speclfied are to be used solely for partlcular purpose. Permanent endowment furtds are non.expendable funds whlch are normally held Indeftnltely. Further explanatlon of the nare and purpose of each fund Is Included In the notes to the flnanclal statement5. Golng concem The accounts are prepared on a 8oln8 concern ba51s a5 there are no matsrlal uncertslntle5 about the Charlty's ablllty to contlnue. Income All Income Is reco8nlsed In the Ststement of Flnanclal Actlvltles once the charlty has entltlement to the funds, It Is probable that the Income wlll be recelved and the amount can be measured rellably. Income from 8obprnment and other 8rants, whether 'catrI, grants ar 'revenue' granty Is re(¢)lSed when the Charlty has entltlernent to the furKls, any perfomiance condltlons attached to the gr•nts have been me¢ It Is probable that the Income wlll be recebved and the amount can be measured rellably and Is not deferred. For legacles, entltlement Is taken as the earller of the date On which elther: the Charity Is aware that probate has been granted, the estate has been finallsed and notlflcatlon has been made by the e¥e¢utorlsl to the Charlty that a dlstrlbjtion wlll be made, or when a dlstrlbutlon15 recelved from the estste. Donatlons and other voluntsry Income Jre reflected In the accounts for the perlod In whlch they are recelved. Donatlons In klnd are recognlsed by the Charity when received except In the case of services provided free or undervalue by voluntsry staff or others whlch are not reflected In the accounts. lftterest Recelved Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charlty; thls Is normally upon not1fi¢4tlon of the Interest pald or payable bythe Bank
ROSEMARY ALMSHO NOTESTO IHE FINANaALSTATEMENTS- tontlnued FOR THE YEAR ENDED 310ECEM8ER 2024 Acc¢yJpillN6 pouaES.contknued Expendlture Llabilities are reCnIsed as expendlture as soon as tre Is a legal or (y)nStructI olAlgaYon commlttlng the tharity to that expenditur< it 15 probatde that a transfer of economic berfits will be required in settlement and the amount of the obleatlon can be aSured reliafrAy. Expendire Is accounted for on an accruals basis and has Ien daSsifd urrtler headires that a8gregate all cost related to the categThy. Where costs cannot be dlrecdy attrlbjted to particular headings they have been allted to activitS on a basis consistent with the Use of resources. Repairs arml mointenance The charges In ststement of financial P£b4ryties in re5Ct of CriCal Maintear extraordinary repairs reflect the Trustees, constsnt concern to keep woperties in g<x)d torxlttion, and are In accordance wlth the Almshouse Asswations, recc¥nmendation that Aimshouse Charitles should set aslde each year specific sums in this respecL Transfers a made from the kcumulated Income fund etth year to tt Extraordlnary Repalr Reserve to coftr extraoroinary repairs as they arlse to the Cwllcal Malntenance Reser to cor repairs whlth arise on a cydKal basi& Support costs The a)arity'$ 8overnarKe costs are allocated entirely to tFe Almshtse Costs since supwt costs relating to otherartwitie5 are considered immaterial. Tangible fixed assets The housing properties are SnthdÈd in the ¥tounts * their in5urarKe reinstatement value. Addibons after each revaluatlon are Induded at cost until a further re4aluation. The cost of refurbishmert aTKI imwovements to the existing proFerty are wiitten off to Acwmulated Income fund or Extraordinary Repalr Reserve as Irxurred. Ary major ImWleMentS or extensior6 to the property are CaalISe The houslng properties are not depredated as revaluatlons are perfomied vlth suffldent regularlty to ensure that the carrying amounts are not materially misststed. The at the r of tfr almshou5e5 is Iluded at cost 15 not deplated. The cost of the land represents the costs in connection ryth obtsining planni perms1 to develop new aknshouse wopertie& Investments a Sho on the BaEance Sheet at their m¥ket value. Changes in market values during an accountirg pertoj are fiected In the acci)unts as unrealised rdins or losses. Upon diwsal ca èn Investment the drfference between original cost and disposal wtteed5 reftected in the accounts as a realised gain or loss and an adjusiment Is made to unrealised galns or 10sse5 to rever* uftrealised m¢)vemerits in value in earlleryears. Debtors Contrlbution a1 other debtors are recognlsed at the 5etdemert aftnt due. Prepawnents are valued at the am(wnt wepaid netof arrytrade dlsccnts due. Sh at Bank Cash at bank and cash In hand indude5 cash and short terni highly Itquid investments with a short maturity of three months or le55 from the date ofacqulsltlon cy openlng of the deposlt or slmilaraccounL
ROSEMARY ALMSHOUSE NOTESTO THE FINANCIALSTATEMENTS- contlnued FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLiaE5- contlnued Credltors and provlsl¢ns Credltors and provlslons are reccgnlsed where the Charlty has a prent obll8atlon resultlnB from a past event that wlll probably result In the transfer of funds to a thlrd party and the amount due to settle the obllgatlon can be measured or estlmated rellably. Credltors and provlslons are norn11¥ rec¢)8nlsed at thelr settlement amount after 4llowln8 for any trade dlscounts due. T•xatlon The charltyls exempt from tax on Its charItse actlvltles. INVESTMENT INCOME 2014 2023 Dlvldends recelvable COIF dèposlt account Interest 4,005 3,374 75 4091 3,449 For the ar Ènded 31 December 2024, accumulatlon share d1dertds ha been accounted for as Investment Income and addltlons. The comparatlve amounts for the year ended 31 Decernr 2023 have been reclasslfled to reflect accumulation share dlvldends of £3,374 as Investment Income, wlth net lalns on Investment reducln8 from £5,643 to £2,279. INCOME FROM CHARrrABLE AcnviTIES 2024 2023 Almshouses actlvlty Contrlbutlons recelvable L055es from vacancles 31446 31,822 12,4071 32,446 CHARITABLE ACTIVITIES COSTS Dlrect Costs Isee note 61 Support costs (see nots 71 Totals Almshouses actlvlty 12,519 9,347 21,866
ROSEMARY ALM&IOUSE NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 DECEMBER 2024 DIRECT COSTS OF CHARITABLE ACTivmES 2024 2023 Vacant property costs Watercharges IuranCe Repalrs and malntenance Cyclical repairs Extraordlnary repalrs GardenSn8 Sundry expenses Bad debts written off 402 942 4,970 3,845 3.763 816 4,424 324 5.004 490 143 11519 15.374 SUPPORT cosrs Govemance costs Management Tota15 Almshouses arti 2,855 9,347 Supp)rt Costs, ittduded in tl* above. are as follows: 2024 Almshouses artivity 2023 Almshouse5 acthhty Clerk fees Sub5crlptions Legal and professional fees Accountancy fees Independent examination fee5 4.075 153 267 L625 1.080 1,037 145 9.347 5,410 TRUSTEES, REMUNERATION AND BENEFITS There vftre no trustees, remuneratlon or other benefits for the year ended 31 Oecember 2024 norfor the year ended 31 December 2023. Tntee5, expenses There were no trustees. expenses pald for the year ended 31 December 2024 nor fty the year ended 31 December 2023. -it>
ROSEMARY ALMSHouse NOTES TO THE FINANaALSTATEMENTS- contlnued FOR THE YEAR ENDED 31 DE(EMBER 2024 COMPARATIVES FI THE STATEMENTOF FINANaALAcllvThiES Unrestrkted funds Restricted funds Endowment funds Total funds INCOME AND ENDOWMENTS FROM Charltable adlvltles Almshouses activity 29,415 29,415 Investment irKome 3,449 3,449 Total 32.864 32.864 EXPENDITURE ON Charltable artlviiles Almshouses actlvlty 20,784 20.784 12.080 12,080 Net galns on Investments 2.279 2,279 NET INCOME 14,359 14.359 Other recognlsed galns/l105ses) Gains on revaluation of fixed assets 179.220 179,220 Net movement In funds 14,359 179,220 193.579 RECONCILIATION OF FUNDS Totsl funds broughtforward 115,017 121384 620.048 857,049 TOTAL FUNDS CARRIED FORWARD 129,376 121,984 799,268 1050 628 io. TANGIBLE FIXED A55ET5 Land to rearof almshouses Houslng operties Totsls COSTOR VALUATION At l January 2024 Additions Revaluations 799,268 2,077 7.210 911,345 7,210 15,986 15,986 At 31 December 2024 815,254 119.287 934yi NET BOOK VAWE At 31 ernber 2024 81S,254 119,287 934,541 At 31 Dernber 2023 799.268 112,077 911,34S -li-
ROSEMARY ALMSHOUSE NOTES TO ThE FINANCIALStATEMENTS- CtInued F(XI THE YEAR ENDED 31 DECEMBER 2024 10. TANGIBLE FIXED ASSEf5. contknued The houslng propertles are stated at Yaluati¢, being at their in5urarKe inStateftt value as at 30 June 2024 of £815.254. which the trustees consklefed to tl* value as at 31 t)ecemr 2024. The land atthe rear of the almshouses is irduded at C05t is not deFYeclated. Cost or valuatlon at 31 DeMr 2024 is represented ly. Land to rearof propertles alm5hLwses Totals Accumulated revaluallon gain5 Cost 119,287 138.698 815254 119.287 934.541 IL FIXED ASSET INVESIMErirs irhestments MARKETVALUE At l January 2024 Additions Revaluations 97.504 9,302 3.720 At 31 Dmber 2024 110.526 NEf BOOK VAWE At 31 DeCeMr 2024 110,526 At 31 December 2023 97.504 There were no tnvestment assets outside the UL Cost orvaluation at 31 Decernr 2024 15 rewesented br. Llsted Investments Accumulated revaluatlon galns Cost 30,998 79,528 110.526 -12-
ROSEMARY ALMSHOU NOTES TO THE FINANCIALSTATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Contrlbutions in arrears Prepayments and accrued income 52 2,677 813 1,892 2,729 2,705 CREDfTORS: AMOUNfs FALLING DUE WITHIN ONE YEAR 2024 2023 Contributions In advance Trade credltors Accruals and deferred Income L117 7,210 2.5fA I,S78 10,890 2,443 MOVEMENT IN FUNDS Net movement In funds Transfers betrjeen funds At 31.12.24 At 1.1.24 Unrestrlcted funds Accumulated Income Cycllcal Malntenance Reserve Extraordinary Repair Reserve 4398 63.017 3¥961 14.050 2.654 1.687 17,739} 3,553 4,186 40.709 69,224 37,834 129376 .391 147.767 Restrlcted funds Land at Rear of Almshouses Fund National Almshouse Assoclatlon Grant Fund Homes England Grant Fund 19.802 19,802 10,219 10,219 91,963 121.984 121,984 Endowment funds Pemianent Endowment Pror*rty Revaluation Reserve 19,411 779 857 86 19,411 795,843 799268 15.986 815.254 TOTAL FUNOS 1,050,628 34.377 1,085,005 -13-
ROSEMARY AiMSHOLiSE NOTESTO THE FINANCIALSTATEMEpifs- continued FOR THE YEAR ENDED 31 DECEMBER 2024 MOVEMENT IN FUNDS- ujntlnued Net movement in funds, inded in the ab are as follo*." Inoynlr Resources expended Gains and Movement In funds Unreslrkted fuThls Accumulated Income Cycllcal Maintenance Res& Extraordinary Repalr Reserve 4015 460 14,050 2,654 L687 {1.6251 121166) 1720 18J91 Endowment funds Property Revaluation Reser 15.986 TOTAL FUND5 537 I16) 19.706 34.377 Cofflparativesfor movement kn funds Net movement in fvnds Transfers between funds At 3L12.23 At Ll.23 Unrestrfrted funds Accumulated Income Cyclical Matntenance ReseTht Extraordin Repalr ReseTrY 29,563 13,156 16331 143211 5.164 3.157 34,398 63,017 31,961 2Q968 115.017 14.359 129.376 Restrfrted fvnds Land at Rear of Almshouses FurKI Natlonal AlmshCse AssocIan Grant Fund Homes EnElaThl Grant Fund 19.802 10.219 91,963 10,219 91,963 1984 121,984 Endowment fund5 Pemanent Endovmient Property Revahjation Reserve 19,411 6CMJ.637 19.411 T1957 179.220 620.048 179,220 799.268 TOTAL FUNDS 857.049 193.579 L050.628 -1
NOTES TO THE FINANaAL STATEMEPIIS- cantirnal FOR THE YEAR ENDED 31 DEMBER 2024 MOVEMENT FUNDS. c¢7ntlnued Comparatl¥e net rnrnent In furKl8 irKluded in the are a5 follows: Inc(1[ resources ey4)erKled Gains and Movement In funds Unrestrlrted funds Accumulated InCe Cyclkal Malntenance Reserve Extraordinary Repair Reserve 29.918 (17,0211 (3,7631 13.156 {6331 1.836 1,226 1,042 32,864 {20,784} 1279 14,359 Endowment fvnds Property Revaluation ReseTh 179.220 179.220 TOTAL FUNDS 31864 {20,784) 18L499 193,578 Funds and ReseNes Pefmanent Endowment Fund and Property RLwaknatlon Reserve The Permanent EnOlent Fuftd preSent the Charlvs land bulldlngs and is not expendable. In accordan with the requirements of the Charity SORP, the surpluses on PrOrtY revaluation5 are sFvJwn in separate Pmprty ReluatIOn Reserv& The Pemianent Endovfftnt Fund together with the Property RelUatIon Reserve the Restricted Fund5; Land at Rear of Almshijuses FurKI, Naticffial Assotiatsn of AlMShse Grant Fund and Homes Er¥]and Grant FUNI rewesent the Charitws land arKI buildir land at Rear ot Alrnshouses fvnd The at Rear of AmsP#)uses Fund is a restricted fund and PreSents donations received of £19,802 durin the years ended 31 December 2011 and 2012 to efiate the charity to purchase land at the rear of the almshouse Nlonal AssocktIc of Almshauses Grant nd The National Assotiation d Almshijuse Grant Fund is a restricted fund and fewesents grant recelved of £10.219 during yew ended 31 Decemfrr 2019 in connectlan wlth the development d the land at the rear of almsh(wses. Homes En8land Grant Fund The Fkjmes England Grant Is a restricted fund and represents the grant receined of £91,963 durln8 the ar ended 31 Dfflber 2020 in conneclion with the de%tlopment of the land at the rear of the almshouse& Extraordinary Ilepair Re5er¥e A transfer is made each year frLJn the kojmulated Incone fund to the Extraordinary Ilepair Reserve to co extraordlnary repairs as tY arlse. The Fund Is speclfically Invested aNI Income received Is added to the Fund.
ROSEMARY ALMSHOUSE NOTES TO ThE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 DECEMBER 2024 MOVEMENT IN FUNDS- contlnued Cycllcal Malntenance Reservé A transfer Is made each year from the Accumulated Income fund to the Cydlcal Malrtenance ReSee to cover cyclical repairs as they arlse, A¢¢ufnulated Income The Fund represents accumulated surpluses of the Charlty ènd Is avaltable for the neral purposes of the Charlty. RELATED PARTY DISCLOSURES There We no related party transactlons for the year ended 31 Oe¢ember 2024. -i&
ROSEMARY AU¥lSHOUSE DEfAILED STATEMENT OF FINANCIAL AcnviTIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 INCOME AND ENDOWMENTS Investment Income Dlwdends recelvable COIF dep051t account Interest 4,005 86 3,374 75 4,091 3,449 Charltable actlvltles ContrSbutlon5 iecelvable L05se5 from vacancles 31.822 32A46 Total Incomlng resources 36,537 32.864 EXPENDITURE tharkable •¢tlvftles Vacant property costs Water charges Insuran Repalrs and malntenakKe Cycllcal repalrs Extraordlnary repalrs Gardenl Sundry expenses Bad debts wrltten off 402 1,043 942 4.970 3,845 3,763 816 4,424 324 490 143 12,519 15.374 Support ¢osls M#na8ement Clerk fees Subscrlptlons 6.225 267 4,075 153 4492 4,228 Govemance costs Le8al and professlonal fees Accountsry fee5 Independent examlnatlon fees 1.625 1,080 150 1,037 145 I55 1,182 Total Tesources experKJed et Income 14,671 12.080 This pa8e does not form part of the ststutory financial statements -17.