CHARITABLE INCORPORATED ORGANISATION REGISTERED CHARITY NUMBER: 1157430
ROSEMARY ALMSHOUSE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
ROSEMARY ALMSHOUSE
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
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Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7 to 16
Detailed Statement of Financial Activities 17
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ROSEMARY ALMSHOUSE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025
The Trustees present their report along with the financial statements of the charity for the year ended 31 December 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" in preparing the annual report and financial statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts on pages 7, 8 and 9 and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The main object of the Charity is the provision of housing for poor people of the parish of Stanway who are over 60 years of age and were born in the area of benefit or are resident therein at the time of appointment. Preference shall be given to widows, spinsters and married couples qualified as aforesaid.
Application of Income
The net income shall be applied first to repair, insure and meet all other outgoings in respect of the Charity's properties and all proper costs of the Charity's administration and management. Thereafter net income shall be applied for the benefit of the almspeople of the Charity.
Significant activities
The Charity currently provides five almshouse properties and its aim is to utilise these as far as possible to meet the objectives of the Charity.
Public benefit
These activities are considered to be for the public benefit and in running the Charity the Trustees have regard for the Charity Commission guidance on public benefit.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
The trustees have introduced policies and procedures to promote the stability of the Charity. The introduction of new trustees has also helped with this. The trustees have vamped their visits to residents to ensure that they are better involved in the Charity's affairs.
FINANCIAL REVIEW
Financial position
The Charity's financial position is as set out in the Balance Sheet on page 6 and is considered satisfactory.
Reserves policy
The Charity's policy on reserves is to maintain sufficient reserves to enable the Charity to continue to achieve its principal objectives.
FUTURE PLANS
The trustees are working to the quinquennial survey recommendations to maintain the current housing stock and its longevity. The trustees are working hard with the Council and professional advisers to increase the housing stock using the reserves of the Charity to do so, within the current remit of the Charity's constitution, whilst endeavouring to source external funding to support development proposals.
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ROSEMARY ALMSHOUSE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Charity is governed in accordance with a constitution dated 10 June 2014 as amended on 26 September 2018, 27 November 2018, 20 August 2019, 29 November 2022, 1 March 2024 and 25 February 2025.
Recruitment and appointment of new trustees
As vacancies for Trustees arise applications are sought from potential candidates known to the Trustees and other suitable local people. Applicants are then considered by the Trustees and appointments made by resolution of the Trustees.
Organisational structure
Day to day administration of the Charity is carried out by the Clerk who reports to the Trustees.
Induction and training of new trustees
New Trustees are briefed by the Clerk and the existing Trustees on the history and activities of the Charity. They are provided with a copy of the Charity Commission publication "The Essential Trustee" detailing their responsibilities and providing guidance on being a Trustee. New Trustees are provided with a copy of the Charity Scheme and the latest accounts.
Related parties
There are no other charities related to the Rosemary Almshouses. The Clerk to the Charity is also Clerk to other almshouse charities.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1157430
Principal address
286 Mersea Road Colchester Essex CO2 8QY
Trustees
Mrs S Spice A Warnes Rev A Bushell D Kent (resigned 25/11/25) Cllr D Jordan D F Wotton (resigned 25/11/25) M Minter, Chair (appointed 27/5/25) J Tucker (appointed 27/5/25)
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ROSEMARY ALMSHOUSE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
Simon Welling TC Group Accountants Town Wall House Balkerne Hill Colchester Essex CO3 3AD
Solicitors
Anthony Collins Solicitors LLP 134 Edmund Street Birmingham B3 2ES
Clerk to the Charity
Alison Smith 286 Mersea Road Colchester Essex CO2 8QY
Bankers
Co-operative Bank PO Box 250 Skelmersdale WN8 6WT
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ M Minter - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ROSEMARY ALMSHOUSE
Independent examiner's report to the trustees of Rosemary Almshouse
I report to the charity trustees on my examination of the accounts of Rosemary Almshouse (the Trust) for the year ended 31 December 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Simon Welling Certified Accountant
TC Group Accountants Town Wall House Balkerne Hill Colchester Essex CO3 3AD
Date: .............................................
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ROSEMARY ALMSHOUSE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025
| Notes INCOME AND ENDOWMENTS FROM Charitable activities 4 Almshouses activity Investment income 3 Total EXPENDITURE ON Charitable activities 5 Almshouses activity Net gains on investments NET INCOME Other recognised gains/(losses) Gains on revaluation of fixed assets Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds £ 38,548 5,233 43,781 18,294 25,487 13,535 39,022 - 39,022 147,767 186,789 |
Restricted funds £ - - - - - - - - - 121,984 121,984 |
Endowment funds £ - - - - - - - 27,230 27,230 815,254 842,484 |
2025 Total funds £ 38,548 5,233 43,781 18,294 25,487 13,535 39,022 27,230 66,252 1,085,005 1,151,257 |
2024 Total funds £ 32,446 4,091 |
|---|---|---|---|---|---|
| 36,537 | |||||
| 21,866 | |||||
| 14,671 3,720 |
|||||
| 18,391 15,986 |
|||||
| 34,377 1,050,628 |
|||||
| 1,085,005 |
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
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ROSEMARY ALMSHOUSE
BALANCE SHEET 31 DECEMBER 2025
| Notes FIXED ASSETS Tangible assets 10 Investments 11 CURRENT ASSETS Debtors 12 Cash at bank CREDITORS Amounts falling due within one year 13 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 14 Unrestricted funds Restricted funds Endowment funds TOTAL FUNDS |
Unrestricted funds £ - 139,102 139,102 1,305 50,256 51,561 (3,874) 47,687 186,789 186,789 |
Restricted funds £ 121,971 - 121,971 - 357 357 (344) 13 121,984 121,984 |
Endowment funds £ 842,484 - 842,484 - - - - - 842,484 842,484 |
2025 Total funds £ 964,455 139,102 1,103,557 1,305 50,613 51,918 (4,218) 47,700 1,151,257 1,151,257 |
2024 Total funds £ 934,541 110,526 1,045,067 2,729 48,099 50,828 (10,890) 39,938 1,085,005 1,085,005 147,767 121,984 815,254 1,085,005 |
|---|---|---|---|---|---|
| 186,789 121,984 842,484 1,151,257 |
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. M Minter - Trustee
............................................. J Tucker - Trustee
The notes form part of these financial statements
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ROSEMARY ALMSHOUSE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. TRANSFER OF ENGAGEMENTS
On 6 October 2015 the activities, assets and liabilities of The Rosemary Almshouse Charity (Charity Registration Number 228178) were transferred to this Charity.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011.
The financial statements have been prepared under the historical cost convention, with the exception that housing properties are included at valuation and investments are included at market value.
For the purposes of presentation the financial statements are rounded to the nearest pound sterling (£) and are inclusive of Value Added Tax.
Fund Accounting
Unrestricted funds are available to spend on activities that further any of the purposes of Charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are funds which the donor has specified are to be used solely for a particular purpose. Permanent endowment funds are non-expendable funds which are normally held indefinitely. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Going concern
The accounts are prepared on a going concern basis as there are no material uncertainties about the Charity's ability to continue.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the Charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
For legacies, entitlement is taken as the earlier of the date on which either: the Charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Charity that a distribution will be made, or when a distribution is received from the estate.
Donations and other voluntary income are reflected in the accounts for the period in which they are received. Donations in kind are recognised by the Charity when received except in the case of services provided free or undervalue by voluntary staff or others which are not reflected in the accounts.
Interest Received
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the Bank.
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ROSEMARY ALMSHOUSE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
2. ACCOUNTING POLICIES - continued
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Repairs and maintenance
The charges in the Statement of Financial Activities in respect of cyclical maintenance and extraordinary repairs reflect the Trustees' constant concern to keep the properties in good condition, and are in accordance with the Almshouse Associations' recommendation that Almshouse Charities should set aside each year specific sums in this respect. Transfers are made from the Accumulated Income fund each year to the Extraordinary Repair Reserve to cover extraordinary repairs as they arise and to the Cyclical Maintenance Reserve to cover repairs which arise on a cyclical basis.
Support costs
The Charity's governance costs are allocated entirely to the Almshouse Costs since support costs relating to other activities are considered immaterial.
Tangible fixed assets
The housing properties are included in the accounts at their insurance reinstatement value. Additions after each revaluation are included at cost until a further revaluation.
The cost of refurbishment and improvements to the existing property are written off to Accumulated Income fund or Extraordinary Repair Reserve as incurred. Any major improvements or extensions to the property are capitalised.
The housing properties are not depreciated as revaluations are performed with sufficient regularity to ensure that the carrying amounts are not materially misstated.
The land at the rear of the almshouses is included at cost and is not depreciated. The cost of the land represents the costs in connection with obtaining planning permission to develop new almshouse properties.
Investments
Investments are shown on the Balance Sheet at their market value. Changes in market values during an accounting period are reflected in the accounts as unrealised gains or losses. Upon disposal of an investment the difference between original cost and disposal proceeds is reflected in the accounts as a realised gain or loss and an adjustment is made to unrealised gains or losses to reverse unrealised movements in value in earlier years.
Debtors
Contribution and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash at Bank
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
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ROSEMARY ALMSHOUSE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
2. ACCOUNTING POLICIES - continued
Creditors and provisions
Creditors and provisions 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 third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Taxation
The charity is exempt from tax on its charitable activities.
3. INVESTMENT INCOME
| 2025 £ Dividends receivable 4,733 Interest receivable 500 5,233 4. INCOME FROM CHARITABLE ACTIVITIES 2025 £ Almshouses activity Contributions receivable 38,548 5. CHARITABLE ACTIVITIES COSTS Direct Support Costs (see costs (see note 6) note 7) £ £ Almshouses activity 8,908 9,386 |
2024 £ 4,005 86 4,091 2024 £ 32,446 Totals £ 18,294 |
|---|---|
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ROSEMARY ALMSHOUSE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
6. DIRECT COSTS OF CHARITABLE ACTIVITIES
| DIRECT COSTS OF CHARITABLE ACTIVITIES | |||
|---|---|---|---|
| 2025 | 2024 | ||
| £ | £ | ||
| Water charges | 1,251 | 1,043 | |
| Insurance | 927 | 942 | |
| Repairs and maintenance | 1,501 | 4,970 | |
| Extraordinary repairs | - | 816 | |
| Gardening | 4,800 | 4,424 | |
| Sundry expenses | 429 | 324 | |
| 8,908 | 12,519 | ||
| SUPPORT COSTS | |||
| Governance | |||
| Management | costs | Totals | |
| £ | £ | £ | |
| Almshouses activity | 8,106 | 1,280 | 9,386 |
| Support costs, included in the above, are as follows: | |||
| 2025 | 2024 | ||
| Almshouses | Almshouses | ||
| activity | activity | ||
| £ | £ | ||
| Clerk fees | 7,831 | 6,225 | |
| Subscriptions | 275 | 267 | |
| Legal and professional fees | - | 1,625 | |
| Accountancy fees | 1,120 | 1,080 | |
| Independent examination fees | 160 | 150 | |
| 9,386 | 9,347 |
7. SUPPORT COSTS
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2025 nor for the year ended 31 December 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2025 nor for the year ended 31 December 2024.
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ROSEMARY ALMSHOUSE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Charitable activities Almshouses activity Investment income Total EXPENDITURE ON Charitable activities Almshouses activity Net gains on investments NET INCOME Other recognised gains/(losses) Gains on revaluation of fixed assets Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 10. TANGIBLE FIXED ASSETS COST OR VALUATION At 1 January 2025 Additions Revaluations At 31 December 2025 NET BOOK VALUE At 31 December 2025 At 31 December 2024 |
Unrestricted funds £ 32,446 4,091 36,537 21,866 14,671 3,720 18,391 - 18,391 129,376 147,767 |
Restricted funds £ - - - - - - - - - 121,984 121,984 |
Endowment funds £ - - - - - - - 15,986 15,986 799,268 815,254 |
Total funds £ 32,446 4,091 |
||
|---|---|---|---|---|---|---|
| 36,537 | ||||||
| 21,866 | ||||||
| 14,671 3,720 |
||||||
| 18,391 15,986 |
||||||
| 34,377 1,050,628 |
||||||
| 1,085,005 | ||||||
| Housing properties £ 815,254 - 27,230 842,484 842,484 815,254 |
Land to rear of almshouses £ 119,287 2,684 - 121,971 121,971 119,287 |
Totals £ 934,541 2,684 27,230 964,455 964,455 934,541 |
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ROSEMARY ALMSHOUSE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
10. TANGIBLE FIXED ASSETS - continued
The housing properties are stated at valuation, being at their insurance reinstatement value as at 30 June 2025 of £842,484, which the trustees considered to be the value as at 31 December 2025.
The land at the rear of the almshouses is included at cost and is not depreciated.
Cost or valuation at 31 December 2025 is represented by:
| Accumulated revaluation gains Cost |
Land to Housing rear of properties almshouses £ £ 823,073 - 19,411 121,971 842,484 121,971 |
Totals £ 823,073 141,382 |
|---|---|---|
| 964,455 |
11. FIXED ASSET INVESTMENTS
| FIXED ASSET INVESTMENTS | |
|---|---|
| Listed | |
| investments | |
| £ | |
| MARKET VALUE | |
| At 1 January 2025 | 110,526 |
| Additions | 15,041 |
| Revaluations | 13,535 |
| At 31 December 2025 | 139,102 |
| NET BOOK VALUE | |
| At 31 December 2025 | 139,102 |
| At 31 December 2024 | 110,526 |
There were no investment assets outside the UK.
Cost or valuation at 31 December 2025 is represented by:
| Listed | |
|---|---|
| investments | |
| £ | |
| Accumulated revaluation gains | 44,533 |
| Cost | 94,569 |
| 139,102 |
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ROSEMARY ALMSHOUSE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
|---|---|---|---|---|
| Contributions in arrears Prepayments and accrued income CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Contributions received in advance Trade creditors Accruals and deferred income |
2025 £ 328 977 1,305 2025 £ 1,722 344 2,152 4,218 |
2024 £ 52 2,677 |
||
| 2,729 | ||||
| 2024 £ 1,117 7,210 2,563 |
||||
| 10,890 |
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
14. MOVEMENT IN FUNDS
| Unrestricted funds Accumulated Income Cyclical Maintenance Reserve Extraordinary Repair Reserve Restricted funds Land at Rear of Almshouses Fund National Almshouse Association Grant Fund Homes England Grant Fund Endowment funds Permanent Endowment Property Revaluation Reserve TOTAL FUNDS |
At 1.1.25 £ 40,709 69,224 37,834 147,767 19,802 10,219 91,963 121,984 19,411 795,843 815,254 1,085,005 |
Net movement in funds £ 22,837 9,927 6,258 39,022 - - - - - 27,230 27,230 66,252 |
Transfers between funds £ (10,308) 6,396 3,912 - - - - - - - - - |
At 31.12.25 £ 53,238 85,547 48,004 |
|---|---|---|---|---|
| 186,789 19,802 10,219 91,963 |
||||
| 121,984 19,411 823,073 |
||||
| 842,484 | ||||
| 1,151,257 |
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ROSEMARY ALMSHOUSE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
14. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| Accumulated Income | 39,592 | (18,294) | 1,539 | 22,837 |
| Cyclical Maintenance Reserve | 2,569 | - | 7,358 | 9,927 |
| Extraordinary Repair Reserve | 1,620 | - | 4,638 | 6,258 |
| 43,781 | (18,294) | 13,535 | 39,022 | |
| Endowment funds | ||||
| Property Revaluation Reserve | - | - | 27,230 | 27,230 |
| TOTAL FUNDS | 43,781 | (18,294) | 40,765 | 66,252 |
Comparatives for movement in funds
| Unrestricted funds Accumulated Income Cyclical Maintenance Reserve Extraordinary Repair Reserve Restricted funds Land at Rear of Almshouses Fund National Almshouse Association Grant Fund Homes England Grant Fund Endowment funds Permanent Endowment Property Revaluation Reserve TOTAL FUNDS |
At 1.1.24 £ 34,398 63,017 31,961 129,376 19,802 10,219 91,963 121,984 19,411 779,857 799,268 1,050,628 |
Net movement in funds £ 14,050 2,654 1,687 18,391 - - - - - 15,986 15,986 34,377 |
Transfers between funds £ (7,739) 3,553 4,186 - - - - - - - - - |
At 31.12.24 £ 40,709 69,224 37,834 147,767 19,802 10,219 91,963 121,984 19,411 795,843 815,254 1,085,005 |
|---|---|---|---|---|
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ROSEMARY ALMSHOUSE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
14. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| Accumulated Income | 33,015 | (19,425) | 460 | 14,050 |
| Cyclical Maintenance Reserve | 2,209 | (1,625) | 2,070 | 2,654 |
| Extraordinary Repair Reserve | 1,313 | (816) | 1,190 | 1,687 |
| 36,537 | (21,866) | 3,720 | 18,391 | |
| Endowment funds | ||||
| Property Revaluation Reserve | - | - | 15,986 | 15,986 |
| TOTAL FUNDS | 36,537 | (21,866) | 19,706 | 34,377 |
Funds and Reserves
Permanent Endowment Fund and Property Revaluation Reserve
The Permanent Endowment Fund represented the Charity's land and buildings and is not expendable.
In accordance with the requirements of the Charity SORP, the surpluses on property revaluations are shown in a separate Property Revaluation Reserve.
The Permanent Endowment Fund together with the Property Revaluation Reserve the Restricted Funds; Land at Rear of Almshouses Fund, National Association of Almshouse Grant Fund and Homes England Grant Fund represent the Charity's land and buildings.
Land at Rear of Almshouses Fund
The Land at Rear of Almshouses Fund is a restricted fund and represents donations received of £19,802 during the years ended 31 December 2011 and 2012 to enable the charity to purchase land at the rear of the almshouses.
National Association of Almshouses Grant Fund
The National Association of Almshouse Grant Fund is a restricted fund and represents the grant received of £10,219 during the year ended 31 December 2019 in connection with the development of the land at the rear of the almshouses.
Homes England Grant Fund
The Homes England Grant Fund is a restricted fund and represents the grant received of £91,963 during the year ended 31 December 2020 in connection with the development of the land at the rear of the almshouses.
Extraordinary Repair Reserve
A transfer is made each year from the Accumulated Income fund to the Extraordinary Repair Reserve to cover extraordinary repairs as they arise. The Fund is specifically invested and income received is added to the Fund.
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ROSEMARY ALMSHOUSE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
14. MOVEMENT IN FUNDS - continued
Cyclical Maintenance Reserve
A transfer is made each year from the Accumulated Income fund to the Cyclical Maintenance Reserve to cover cyclical repairs as they arise.
Accumulated Income
The Fund represents accumulated surpluses of the Charity and is available for the general purposes of the Charity.
15. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2025.
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ROSEMARY ALMSHOUSE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025
| 2025 2024 £ £ INCOME AND ENDOWMENTS Investment income Dividends receivable 4,733 4,005 Interest receivable 500 86 5,233 4,091 Charitable activities Contributions receivable 38,548 32,446 Total incoming resources 43,781 36,537 EXPENDITURE Charitable activities Water charges 1,251 1,043 Insurance 927 942 Repairs and maintenance 1,501 4,970 Extraordinary repairs - 816 Gardening 4,800 4,424 Sundry expenses 429 324 8,908 12,519 Support costs Management Clerk fees 7,831 6,225 Subscriptions 275 267 8,106 6,492 Governance costs Legal and professional fees - 1,625 Accountancy fees 1,120 1,080 Independent examination fees 160 150 1,280 2,855 Total resources expended 18,294 21,866 Net income 25,487 14,671 |
2025 2024 £ £ INCOME AND ENDOWMENTS Investment income Dividends receivable 4,733 4,005 Interest receivable 500 86 5,233 4,091 Charitable activities Contributions receivable 38,548 32,446 Total incoming resources 43,781 36,537 EXPENDITURE Charitable activities Water charges 1,251 1,043 Insurance 927 942 Repairs and maintenance 1,501 4,970 Extraordinary repairs - 816 Gardening 4,800 4,424 Sundry expenses 429 324 8,908 12,519 Support costs Management Clerk fees 7,831 6,225 Subscriptions 275 267 8,106 6,492 Governance costs Legal and professional fees - 1,625 Accountancy fees 1,120 1,080 Independent examination fees 160 150 1,280 2,855 Total resources expended 18,294 21,866 Net income 25,487 14,671 |
2025 2024 £ £ INCOME AND ENDOWMENTS Investment income Dividends receivable 4,733 4,005 Interest receivable 500 86 5,233 4,091 Charitable activities Contributions receivable 38,548 32,446 Total incoming resources 43,781 36,537 EXPENDITURE Charitable activities Water charges 1,251 1,043 Insurance 927 942 Repairs and maintenance 1,501 4,970 Extraordinary repairs - 816 Gardening 4,800 4,424 Sundry expenses 429 324 8,908 12,519 Support costs Management Clerk fees 7,831 6,225 Subscriptions 275 267 8,106 6,492 Governance costs Legal and professional fees - 1,625 Accountancy fees 1,120 1,080 Independent examination fees 160 150 1,280 2,855 Total resources expended 18,294 21,866 Net income 25,487 14,671 |
|---|---|---|
| 4,091 32,446 |
||
| 36,537 1,043 942 4,970 816 4,424 324 |
||
| 12,519 6,225 267 |
||
| 6,492 1,625 1,080 150 |
||
| 2,855 | ||
| 21,866 | ||
| 25,487 | 14,671 |
This page does not form part of the statutory financial statements
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