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 DE￿MBER 2024
Pa8e
Report of theTn
I to 3
1Thdep￿dent 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 p￿paring 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 d￿uMent, the Charltles Act 2011 and
Accountlng and Reportlng ￿ Charities: Ststernent of Recommerkyed Prartice appTrca￿e 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 pra￿deS I1￿ •lmshouse wopertles I￿1 Its alm Is to ￿￿11$e these as far •s posslble to meet the
object1￿*S 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 refere￿e 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 Sl*et 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 DE￿M8&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 c￿nmISSIon pu￿1¢al3¢n Yhe Essent1￿ Trustee. detslllng thelr responsi￿rItIeS 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 (resig￿1 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 DE￿MBER 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
CO￿perat￿e 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 acCOrda￿e 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 aPP￿Cable Dlrectlons glven by the Charlty Commlsslon under Sertlon 14515llbl
of the Art
Independent examlner's statement
I have completed my examlnatlon. I confirm t￿t 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 AS￿s
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 dIsC￿tIOn 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 na￿re 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 'ca￿trI, 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 reC￿nIsed as expendlture as soon as t￿re Is a legal or (y)nStructI￿ olAlgaYon commlttlng the
tharity to that expenditur< it 15 probatde that a transfer of economic ber￿fits will be required in settlement
and the amount of the obleatlon can be ￿aSured reliafrAy. Expendi￿re Is accounted for on an accruals basis
and has I￿en daSsif￿d urrtler headires that a8gregate all cost related to the categThy. Where costs cannot be
dlrecdy attrlbjted to particular headings they have been all￿ted to activit￿S on a basis consistent with the
Use of resources.
Repairs arml mointenance
The charges In ststement of financial P£b4ryties in re5￿Ct of C￿riCal Mainte￿ar￿ 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 co*r repairs whlth arise on a cydKal basi&
Support costs
The a)arity'$ 8overnarKe costs are allocated entirely to tFe Almsh￿tse 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 ImW￿leMentS or extensior6 to the property are
Ca￿alISe
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 I￿luded at cost ￿ 15 not dep￿lated. The cost of the land
represents the costs in connection *ryth obtsining planni￿ perm￿s1￿ 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 a￿1 other debtors are recognlsed at the 5etdemert aft￿nt due. Prepawnents are valued at the
am(wnt wepaid netof arrytrade dlscc￿nts 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 pre*nt 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 norn￿11¥ rec¢)8nlsed at thelr settlement
amount after 4llowln8 for any trade dlscounts due.
T•xatlon
The charltyls exempt from tax on Its charIts￿e 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 d1￿dertds ha* been accounted for as Investment
Income and addltlons. The comparatlve amounts for the year ended 31 Decern￿r 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
I￿uranCe
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.
Tn￿tee5, 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 ￿e￿rnber 2024
81S,254
119,287
934,541
At 31 De￿rnber 2023
799.268
112,077
911,34S
-li-

ROSEMARY ALMSHOUSE
NOTES TO ThE FINANCIALStATEMENTS- C￿tInued
F(XI THE YEAR ENDED 31 DECEMBER 2024
10. TANGIBLE FIXED ASSEf5. contknued
The houslng propertles are stated at Yaluati¢￿, being at their in5urarKe ￿inStat￿eftt value as at 30 June
2024 of £815.254. which the trustees consklefed to tl* value as at 31 t)ecem￿r 2024.
The land atthe rear of the almshouses is irduded at C05t is not deFYeclated.
Cost or valuatlon at 31 De￿M￿r 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 D￿mber 2024
110.526
NEf BOOK VAWE
At 31 DeCeM￿r 2024
110,526
At 31 December 2023
97.504
There were no tnvestment assets outside the UL
Cost orvaluation at 31 Decern￿r 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, in￿ded 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
I1￿6)
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 AlmshC￿se AssocIa￿n 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
T19￿57
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 DE￿MBER 2024
MOVEMENT ￿ FUNDS. c¢7ntlnued
Comparatl¥e net rn￿rnent In furKl8 irKluded in the are a5 follows:
Inc(￿1[
resources ey4)erKled
Gains and
Movement
In funds
Unrestrlrted funds
Accumulated InC￿e
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 En￿O￿lent Fuftd ￿preSent￿ the Charlvs land bulldlngs and is not expendable.
In accordan￿ with the requirements of the Charity SORP, the surpluses on PrO￿rtY revaluation5 are sFvJwn in
separate Pmprty Re￿luatIOn Reserv&
The Pemianent Endovfftnt Fund together with the Property Re￿lUatIon Reserve the Restricted Fund5; Land
at Rear of Almshijuses FurKI, Naticffial Assotiatsn of AlMSh￿se 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 efiat￿e the charity to purchase land at the rear of the
almshouse
N*lonal 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 Decemfr*r 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 D￿fflber 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 t￿Y 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 ReSe￿e 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
I￿55
1,182
Total Tesources experKJed
et Income
14,671
12.080
This pa8e does not form part of the ststutory financial statements
-17.