BUSINESS ADVISORS &ACCOUNTAp¥rs The Henry Gilder Drake Charity Financial Statements For the Year Ended: 31 March 2025 Registered Charity No: 1157467
THE HENRY GILDER DRAKE CHARITY CONTENTS OFTHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Report of the Trustees Independént Ex•mlnees Repart Statement of Flnandal Actl¥ltl8s Balance Sheet Note5 to tho flnjnd 5tJt•m¢nts 7 to 16 Detslled St•ternent of Flnand•l Actl¥hles 17
THE HENRY GILDER DRAKE CHARirY REPORT OF THE TRUSTEES FOR THE YEAR ENOED 31 MARCH 2025 The Trustees present their report alon8 wlth the financial ststements of the dwrtty forthe year ended 31 March 2025. The trustees have adopted the provisions of the Ststement of Recommended Practlce ISORPI. "Accounting and Reporting by Charities. in preparing the annual rert ind financial statements of the charity. The financial statements have been prepared In accordance with the accountlng policles set out In notes to the ccounts on pa8es 7 to 9 and compty wlth the charivs 8overnln8 documenL the Charttles Act 2011 and Accountlna and Reportin8 by Charltles: Staternt of Recommended Practlce applicable to tharlties preparin8 thelr accounts In accordance wlth the Flnanclal Reportln8 Standard applkable In the UK and Republlc of Irdènd publlshed In October 2019. OBJECTIVES AND AcmnnES Objertlves and Jlms The objects of the Charfty are. for the publlc benefit: l. the provlslon of soclal hOun8 In the forni of almshouse accommodation and assoclated amenltles for poor persons who shall be resident In the parishes of Althome. LatchlnAdon. Mayland and Southmin5ter at the tlme of appolntment: and 2. In relatlon to any property or propertles ocqulred w bullt by the charlty trustees after the date of adoptlon of thls constltutbon the prov151on of s(Klal hou4n8 in the form of almshouse accommodatlon and assoclated amenltles for poor persons who shall be redent In the area of benefit at the tlme of appolnlment (Y has ¥ c105e famlly member who Is resldent In the orea of benefft. The arej of benefit means the Den8le Hundred Parishes. beln8 the Parlshes of Althorne, Asheldham and Dengle, 8radwelIn-sea. Cold Norton. Latchln8don. maand. MurL. North Farnbridge. Puflel8h. St Lawrence, Southmlnster, nlllngham. Woodham Walter, Woodham MortlmLY wlth Hazelel8h 8urnham-on-Crouth and Maldon. Appllcatlon of Income The nel Income shall be applbed first to repalr, Insure and meet all othpJ outgdngs In respect of the Charlt¢s propertles and all proper costs of the CharlV5 admlnistratlon and management. Thereafter net Income shall be applled for the benefit of the almspecple of the Charfty. Sl8nlficant artl¥ltles The Charity currently provldes and rnaintalns sbxteen almshouse5 and Its alm Is to utlllse these as far as posslble to meet the objectlves of the Charity. Publlc benefit These actSvltles Jre consldered to be for the publk befit and In runnin8 the Charlty the Trustee5 have rwrd for the Charity Commlsslon 8uldance on public benefit. ACHIEVEMENfs AND PERFORMANCE Charltable actlyltles The trustees contlrwe lo throu8h the findlngs of the quinquennlal surdeyor. The tnjstees are now refurbSshln8 kltchens and wet rooms vthen prapertles become vacant to avoid disturbance to the current community. Ihe chJrlty has ¢omplled wlth the Houslng Omtsudsman's Crynplaints Handlin8 Code throu81Ut the year and has submitted a self-assessment report ctrdefinz the perknd 1st April 2024 to 31st Marth 2025. a copy of whlchls available on request. During the year ended 31st March 2025 we retyed no formal complalnts. and no cases were feferred to the I1ependeftt Housing Ombudsman.
THE HENRY GILDER DRAKE (IIARirY REPORT OF THE TRUSTEES FOR fHE YEAR ENDED 31 MARCH 2025 FINANCIAL REVIEW Flnandal posltlon The Charltrfs flnancial positlon Is as set out In the Balance Sheet on page 6 and is considered saSfactory. Reser pollcv The Charltvs pollcy on reserves Is to malntsln suffldent reser¥ to enable the tharlty to contlnue lo achleve Its prfncipal obJectlve5. FUTURE PLANS The trustees are commltted to Improvlng the current hou51ni stotk $0 that It wlll contlnue to meet the objects of the charlty. STRUCTURE. GOVERNANCE AND MANAGEMENT Governlng document The Charlty Is governed In a¢cordance ¥hth J consthutlon daied 13 June 2014 as amended by wrltten resolutlon dated 15 July 2017, 4 Januory 2025 and 9 Aprll 2025. Rttrultment and appolntment ol n•¥ tryst As vacantles for Trustees arlse èppllcatlons are sOU8ht from potentlal candldaies known to the Trustees and other sultable local people. Appllcants are ihen con51(lered by the Tntstees and appolntments made by resolutlon of the Trustees. Organlsatlanal structure Day to day admlnlstratlon of the Charlty Is carrled out by the Clerk who reports to the Trustees. Inductlon •nd tralnlntof nèw truste•s New Trustee5 are briefed by the aerk and the eSlIng Trustees on the hlstory and arthrflles of the Chèrlty. They are prov5ded wlth a copy of the Charrty Commi55ion publicatk*n Yhe Essentlal Trustee" detallln8 thelr responslbllltles and provldln8 8uldance on belng a Trustee. New Twslees are provlded wlth a copy of the Charlty Scheme and the latest accounts. Rel•ted partles There are no other charlties related to The Henry Gllder Drake Charlty. The aerk to the Charlty Is also aerk io other almshouse charltles. Illsk mana8ement The trustees have a duty to Identlfy and revlew the rlsks io whlch the drIty Is exposed and to ensure •ppropriate controls are In place to provide reasonable assurance a8aln5t fraud and error. Throuth the employment of professional ad4ry50 the Trustees sfftk to ensure that ?11 of the Charlvs management and decision making processes take full account of. and COmY wbth. rdevant legislation and regulatory control5. Insurance Includlng pr¢Jperty ownership and public liablllty Is reassessed annuallv. REFEREN AND ADMINisfRATIVE DEfAILS Re8iStered Charity number 1157467 Prlnclpal •ddress 286 Mer5ea Road Cdchester E55ex C02 8QY
YHE HENRY GILDER DRAKE CHARITY REPORT OF THE TRUSTEE5 FOR THE YEAR ENDED 31 MARCH 2025 Trustee5 P Davey Iresi8ned 4111251 air R Boyce Iresigned 514125} Ms P Channer Ms C Fisher {resi8ned 4111251 Ms J Hawke5 (reslgned 5141251 R Pratt, Chair Mrs J Jeffery B Noye T Fittock lappolnted 12110124} Mrs L Haywood lappointed 4111251 Independent Examiner Simon Welllng TCGroup Accountants Town Wall House Balkeme Hlll Cokhester Essex C03 3AD Sollcltor5 Anthony Collins Soltcitors LLP 134, Edmund Street Blrmingham 83 2ES. Clerk to the charlty Alison Smith 286 Mersea Road Colchester Essex C02 8QY Bankers Natwest 36 High Street Maldon Essex CM9 5PW Approved by order of the board of trustees on 4 October 2025 and slgned on its behalf bv.. R Pratt Trustee
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE HENRY GILOER DRAKE CHARITY Independent examlner's report to the trustees of The HenryGllder Drake Charlty I report to the charity trustees on my examination of the accounts of The Henry Gilder Drake Charlty {the Trust) for the year ended 31 March 2025. Re5ponslbllltles and basis of report As the charity trustees of the Trust you are responble for the preparatton of the accounts in accordance wlth the requirements of the Charities Act 20111'the Act'l. I report In respect of my examinatlon of the Trust's accounts carrled out under Sertion 145 of the Act and In Carrylng out my examination I have followed all applicable Dlrertions glven by the Charity Commission under Section 145151{bl of the Act. Independent eyamlnels statement I have Completed my examinatlon. I confirm that no material matters have come to my atterttion in connection with the examlnatlon glving me cause to believe that In any materlal respert: accountlng records We not kept In respect of the Trust as required by Sectlon 130 of the Act,. or the account5 do not accord wth those record5; or the accounts do not comply wlth the appllcable requirements concernlngthe form and content of accounts set out In the Charitles (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view whlch is not a matter consldered a5 Part of an independent examlnatlon. I hève no concerns and have come across no other matters in connection with the examination to whlch attentlon should be drawn in thls report in order to enable a proper understanding of the accounts to be reached. Slmon Welllng Certified Accountsnt TC Group Accountants Town Wall House Balkerne Hill Colchester Essex C03 3AD 13 Ortober 2025
THE HENRY GILDER DRAKE CHARITY STATEMEKf OF FINANCIAL AcnvmES FOR TrIE YEAR ENOED 31 MARCH 2025 2025 fotsl lunds 2024 Totsl funds Unrestricted ReStrIrt End0wrnt funds funds funds Notes INCOME AND ENDOWMENIS FROM Charitable artlvfties Almhouse acti¥ity 107.143 107,143 52,038 Investment income Other Income Introduction of funds 10.037 10372 4,160 2.633.377 Total 117.180 117,415 2.689,57S EXPENDrruRE ON Chirltable activities Almhouse activity 81.111 .111 25.049 36.069 36304 2.664.S26 Net gain5 on Investments s14 8.619 NET INCOME 4183 41.968 2.673.145 Olher recognlsed gainsl{losses) Galns on rewdluatlon of flxed assets 81.123 .123 47.624 Net movement In funds 4183 SI08 I2391 2,720.769 RECONCIUAnoN OF FUNDS Total fvnds brought fopward 286A22 671529 1.761A18 2.720.769 TOTAL FUNDS CARRIED FORWARD 328005 671529 IA43326 2W3 2.720.769 CONnNUING OPERATIONS All Income and expenditure has arlsen from conYnuln8 activities. The notes fom part ofthese ffinancial stateN*nts
THE HENRY GILDER DRAKE CHARir( BALANCE SHEET 31 MARCH 2025 2025 Total funds 2024 Total funds Unrestrlcted funds Re5trlcted funds Endowment funds Notes FIXED ASSETS Tangible assets Investments 672,529 1,837,385 5,941 2.509,914 2,428,791 183,531 io 208,689 20&689 672,529 1.843326 2,724,544 2.612.322 CURRENT ASSET5 Debtors Cash at bank li 4,775 124 191 4.775 124,191 2,664 111,201 128.966 128,966 113.865 CREDITORS Amounts fallln8 due vAthln one year 12 {9,6501 19,6501 {5,4181 NET CURRENT ASSETS 119 316 119.316 108,447 TOTAL ASSETS LESS CURRENT LIABILITIES 328,005 672,529 1,843.326 2,843,860 2.720,769 NET ASSETS 328,005 672,529 2,843,860 2.720.769 FUNDS Unrestrlcted funds Restrlcted funds Endowment funds 13 3Z8.005 672,529 1,843,326 286.422 672,529 1,761,818 TOTAI FUNDS 2,720,769 The flnanclal statements were approved by the Board of Trustees and authorised for Issue on 4 October 2025 and were s18ned on Its behalf by; R Pratt Trustee J Jeffery Trustee The notes form part ofthese flnanclal statemerns
THE HÉNRY GILDER DRAKE CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 MARCH 2025 TRANSFER OF ENGAGEMENTS With effert frorn l October 2023 the activities, assets and liabilitles of The Henry Gllder Drake Charity (Charlty Registration Number were 2112881 were transferred to th[5 Charity. ACCOUNTING POLICIES Basis of preparlng the flnanclal statements The financlal statements of the charity, which is a public benefit entity under FRS 102. have been prepared In accordance with the Charities SORP IFRS 1021 'Accountin8 and Reporting by Charltle5: Ststement ofRecommended Practlce applicable to charStles preparing their accounts in accordance wlth the FinancialReportin8 Standard applicoble in the UK and Republlc of Ireland IFRS 102) (effective l January 20191,, Financial Reportlng Standard 102 The Hnanclal Rep)rtlng Stsndard applioble in the UK and Republic of Ireland. and the Charltles Act 2011. The financlal statements have been wepared under the h15torlcal cost conventlon. with the exceptlon that housing pmperties are included at voluation and investments whith are Induded at market value. For the purposes of presentation the financial statements are rounded to the nearest pound Sterli (£1 and are inclusive of Value Added Tax. Whllst this charity is a Registered Provider of Social Housln& followlng the issue of new SORPS for both Charities and Registered Providers appllcable for accountlng perlods commencing on or after l January 2015. these accounts are prepared in attordance with the applicable Charity SORP IFRS 1021 since its principal actlvltles are not governed bythe Landlord and Tenants Act 1985 and are for charitable purposes. Fund Accountlng Restricted funds are funds received by the Charity for a specific purpose and can only be used for that purpose. Unrestricted funds are available to spend on actlvltles that further any of the purposes of Charity. Designated funds are unrestrirted funds of the tharity whlch the trustees have decided at their dlscretion to set aslde to use for a speclfic purpose. Permanent endowment unds are nonxpandable funds which are nomially held Sndefinitely. Golng Concern The accounts are prepared on a going concern basis as there are no material uncertainties about the Charity's abllityto contlnue. Income All income is recognised In the Statement of Flnancial Actlvltles once the charity his enlitlement to the funds. it is probable that the income will be recaved and the amount can be measured reliably. Income from government and other grants. whether 'eapitsl' grants or 'revenue' grants, is recognised when the Charity has entitlement to the funds, any performance conditions attached to the grants hove been met, It Is probable that the income will be recelved and the amount can be measured reliably and 15 not deferred. For legacies, entltlem&)t is taken as the earlier of the date on whlch elther.. the Charity is aware that probate ha5 been granted. the estate has been finallsed and notlfication has been made by the executorlsl to the Charity that a distribution will be made. or when a dlstrlbution is received from the estate. Donations and other voluntary income are reflected In the accounts for the period In wFilch they are received. Donations In klnd ère recoEnlsed by the Charity when received except In the case of seNlces provlded free or undervalue by voluntary staff or others which are not refiected in the accounts.
THE HENRY GILDER DRAKE CHARiri NOTESTO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDEO 31 MARCH 2025 ACCOUNTING pouaES- continued Interest Receivable Interest On funds held on deposit Is Included when receivable and the amount can be measured reltably by the Charity- thls15 nomially upon notification of the interest paid or payable by the 8ank. Expendlture Llabilities are reco8nlsed as expendlture as soon as there is a leyl or constructlve obll8atlon commlttlng the charlty to that expendlture, il 15 probable that a transfer of economic benefits wfjll be requlred In 5etilement and the amount of the obllgatlon can be ffasured liab. Expendlture Is actounted for on an accruals basls ènd has been classlfled under headlngs that a8gregate all cost related to the cate80ry. Where costs cènnot be dlrectly attributed to partlcular headlnas they hove been ollocated to artmtles on a basls tonslstent wlth the use of fesour¢es. R4p•lrs and Malnten4n¢¢ of Proprtl•s The charges In the Slalement ot Flnanclal Actl4tytie5 In respect of fjrllcal malntenance and extraordinary repalrs reflect the Trustees, constant concem to keep ihe propertles In good condltlon, and are In accordance wlth the Almshouse Associations, recommendation that Almshouse Charltles should set aslde each year speclfic sums In thls respert. Transfers are made from the Revenue Reserve each year to the Extraordlnary Repalr Reserve to cover extraordinary repalrs as they arlse and to the Cydleal Malntenanee Reserve to cover repalfs whlch arlse on a cy¢ltfal ba5. Support Costs The Charlty's governance costs are èllocated entlrely lo the Almshouse C05ts since sUPPOrt Costs relatlng to other activitles are consklered Immatwlal. T•n8lble flxed assets Houslng Propertles The housln8 propertles are Induded In the accounts at thelr Insurance relnstatement value. Addltlons after each revaluatlan ore Included at cost untll a furtlw revaluation. The ¢ost of refurbishment and Improvemen15 to the extIng pToperty are wrltten off to the Revenue Reserve as Incurred. Any major Improvements or extenslons to ihe property are calIsed. Re4aluatlons are perfomed with sufficlent regularlty to ensure that the carrying amounts are not materlally mSsststed. Investments Investments are shown on the Balance Sheet at thelr market value. Chanles In market value durln8 an accountln8 perlod are reflèrted In the actounts as unreallsed 88lns or losses. Upon disposal of an investment the dlfference between orlginal cost and disposal proceeds Is refiected In the accounts as a reallsed gain or loss and an adstment Is made to unre¥llsed iains ly losses to rev¥se unreallsed movements In value in earller years. Debtors Contrlbutlons and other debtors are retognised at the settlement amount due. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at Bank and In Hand Cash at bank and cash in hand includes cash and short temi highly liquid investments wth a short maturity of three ffnths Qr les5 from the date of acquisition or openin8 of the deposit or similar account.
THE HENRY GILDER t)RAKE CHARITY NOTES TO THE FINANCIAL STATEMEp¥fs- continued FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNnNG pouaES- conllnued Crerfitors and Provlons Creditors and provisions are recognised %4there the tharity has a wesent obllgation resulting from a past event that wlll Probab result in the transfer of furKls to a third party and the amount due to settle the obligation can be measured or estimated rdlably. Creditors and provi%on5 are nomially recognised at thar SettleMt amount. Taaon The charity is exempt from tax On its tharitable adi4ryties. INVESTMENT INCOME 2025 2024 Accumulated share dbNidends receivable COIF dewsit acccvjnt Interest recwdble Rent receivable- ground rent 8,570 3.223 837 10,272 4.160 For year ending 31 March 2025 accumulation share dmdends have been accounted for as investment additlons and (nvestrnent income. The Cofnparative amounts for the year ended 31 March 2024 have been reclassffied to reflect the actumulation share diVendS. For the year ended 31 March 2024 the totsl investffnt income has increased from £938 to É4.160 with the net galns on Investments reduang from £11.841 to £8.619. refietting the total accumulation share dividends recelved of £3.222. INCOME FROM CHARrrABLE AcnvmES 2024 Almshouse acbbity Contrlbutions recelvable Losses from Volds 110,731 3.588) S2.038 107,143 52,038 Direct Costs (see note 61 Support costs (see note 71 Totals Almhouse attiityty S223 81,111
THE HENRY GILDER DRAKE CHARITY NOTES TO THE FINANCIAL STATEMENTS- wntlnued FOR THE YEAR ENDED 31 MARCH 2025 DIREcf COSTS OF CHARITABLE AcfiviTIES 2025 2024 Vacant property costs Insurance Repalrs and maintenance Cycllcal repairs Extraordlnary repalrs Gardenlne Careline Sundry expenses 8ad debts wrftten off 750 1,838 7,492 12,004 19,819 9,215 1,173 637 908 1,593 1,246 6,176 586 354 13681 52,928 10.495 SUPPORT cosrs Governan costs Management Totals Almhouse actlvlty 26,203 1,980 28,183 Support costs, Included In the above. are as follows.. 2025 Almhouse activity 2024 Total activities Clerk fees Legal and professional fees Subscriptlons Independent examination fees Accountancy fees 22,697 7.824 4,812 160 222 1.536 410 270 1.710 28.183 14.554 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneratlon or other benefits for the year ended 31 March 2025 nor for the year ded 31 March 2024. Trustees, expenses There were no trustees. expense5 paid for the year ended 31 Marth 2025 nor for the year ended 31 March 2024. -io-
THE HENRY GILDER DRAKE CHARITY NOTES TO THE FINANCIALSTATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2025 TANGIBLE FIXED ASSET5 Housin8 propertles cosr OR VALUATION At l Aprll 2024 Revaluatk)ns 2,428,791 At 31 March 2025 2,509J14 NET BOOK VALUE At 31 March 2025 I09,914 At 31 March 2024 2.428,791 The hou51n8 propertles are Stated at valuati, beln8 at th*r Insurance relnstatement value as at 30 June 2025 of £2.509.914. whlth the tnjstees consldered io be the value as at 31 •Aarch 2025. Cosi or valuatlon at 31 Marth 20251$ represented by: Houslni propertles Valuatlon In 2024 Cost 1,036,904 1473 010 2,509,914 io. FIXED ASSEf INVESTMENTS Usted Investments MARK VALUE At l Aprll 2024 Additions Revaluatlons 183,531 25,435 5,664 At 31 March 2025 NET BOOK VALUE At 31 March 2025 214.630 At 31 March 2024 183,531 There were no Investment assets outslde the UK. -li-
ThE HENRY GILOER DRAKE CHARITY NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 io. FIXED ASSET INvEsfMENTS- contlnued Cost or valuatk)n Jt 31 March 2025 Is rwesented by: Llsted In¥e5tment5 Valuatlon In 2024 Cost 88,166 126,464 ii. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 21125 2024 ContrSbutlons In arrears Other debtors Prepayments and accrued In¢e 3,531 200 1.477 300 887 4,775 2,664 12. CREDITOR5: AMOUNTS FAWN6 DUE WITHIN ONE YEAR 2025 2024 Contributlons re¢dved In advance Other credltors Attfua15 and deferred Income 3,221 1,599 1,228 2.591 5,201
THE HENRY GILDER DRAKE CHARITY NOTES TO THE FINANCIAL STATEfrAENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 13. MOVEMENT IN FUNDS Nel ernent infvnds Transfers bet¥Ren funds At 313.25 At 1.4.24 Unrestricted funds Cydlcal Maintenance Reser Extraordinary Repair Reserve Building Fund Reserve Revenue Reserve 56.746 {9.1481 16,704 10224 64.302 55,978 161,403 46322 153,098 3309 8305 39.741 1269281 286822 4183 328,005 Restrirted funds Atthorne Social HousinE Grant Fund Southminster Social Housing Grant Fund Southminster Maldon DC Grant Fund 181,345 291,761 199A23 181.345 291.761 199,423 6n529 674529 Endowment lunds Permanent Endowment Houslng Property Revaluation ReseThe 806,037 955.781 806A22 I36,904 81,123 L761A18 81,508 1,843,326 TOTAL FUNDS 2.no.769 123,091 2360 Net movement in fvnds. included in the abthE are as follows: Incomlng iesources Resources expended Gains and losses Movement in funds Unrestricted fund5 Cyclical Maintenance Re5er¥e Extraordinary Repair Rese Building Fund Reserve Revenue Reserve (ll,0041 19,148) 2,685 8,305 108 69,1071 117.180 (81.1111 5,514 41.583 Endowment funds Permanent Endowment Housing Property Revaluauon Re5er¥e 150 81,123 ,123 235 81,273 81,508 TOTAL FUNDS 117fv15 {81,1111 86,781 123,091 -13-
THE HENRY GILDER DRAKE CHARfTY NOTES TO THE FINANCIAL STATEMENTS- conllnued FOR THE YEAR ENOED 31 MARCH 21)25 MOVEMENT IN FUNDS- contlnued Comparailves for movement In fuThd5 Net Transfer5 At 31.3.24 At 1.4.23 Sn funds funds Unrestrlcted funds Cydlcal Malntenance ReseThe Extraordinary Repalr Reserve BulldlnB Fund Reserve Revenue Reserve SO.674 33.900 141.098 6,072 9.169 12,000 27,2411 56,746 43,069 153,098 33.509 286.422 286,422 Restrkted lunds Althorne Soclal Housln8 Grant Fund Southmlnster Soclal Housln8 Grant Fund Southmlnster Maldon DC Grant Fund 1,345 291,761 199.423 181.345 291.761 199,423 671529 672.529 Endowmént funds Permanent Endowmenl Housln8 Property Revaluatlon Reser4e a06,037 955.781 806.037 955.781 1.761,818 1,761,818 roTAL FUNOS 2,720,769 2.720.769 -14-
THE HENRY GILDER DRAKE CHARITY NOTES TO ThE FINANCIAL sfATEMENTS- tontinued FOR THE YEAR ENDED 31 MARCH 2025 MOVEME1 IN FUNDS- u)ntlnued Comparati¥e net movement In funds. induded in the above are as follow5: Incomlng resourtes ResIceS expended Gain5 a1 losses Movement In funds Unrestrlcted funds Cydical Maintenance ReseThe Extraordinary Repair Reserve 8uildin£ FurKI Reserve Revenue Reserve 53.795 31.646 137,293 80.427 {5,3721 2,251 2254 SO,674 33.900 141,098 60.750 {19.677) 303,161 (25.0491 8.310 286.422 Restrkted funds Althorne Sc¢lal HOUn Grant Fund 5outhminster Soaal Houng Grant Fund Southminster Maldon tK Grant Fund 181,34S 291.761 199.423 181.345 291.761 199.423 672.529 672,529 Endowment funds Pem)anent Endowment Houslng Property Rwdluatlon Reser+ 805.728 908,157 806.037 955,781 47,624 1.713.885 47.933 1,761818 TOTAL FUNDS 2.689.575 125,049} S6.243 2.720.769 Funds and Reser Permanent Endowment The Permanent Endowment is rewesented by the equity in the housin8 properties and the Permanent Endowment investments. Changes in the net book value of the housing propertles are reflected in the Pemianent Endowment by a transfer from or to the Revenue Reserve or other reserves. as far as posslble. of an am¢)unt equal to the change In the accounting period. The fund is non*xpendable. Houslng Proputies Revaluation Rese The Housing Property Revaluation ReseNe is permanent end0VJTrnt of the tharity and is represented by the dlue of housing propertres revaluation £ain Althorne Sodal Houslng Grant FUMI The AFthorne Social Housing Grant Fund is a restricted fund and represents the grant received of £181,345 in ts)nnectton with the housing woperty rerM)vations at Althome. Esse Southmlnstw Sodal Houn8 Grant Fund The Southmlnster Soclal Houslng Grant Fund Is a restricted fund and repents the grant received of £291.761 in connection with the buildlng of the housing properties atsouthminster. Esse
THE HENRY GILDER DRAKE CHARiri NOTES TO THE FINANCIAL STATEMEp¥fs- Continued FOR THE YEAR ENDED 31 MARCH 2025 13. MOVEMENT IN FUNDS- continued Southmlnster Maldon Dlstrlct Coun¢ll Grant Fund The Southminster Moldon District Council Grant Fund is a restrlcted fijnd and represents the grant recelved of £199.423 In connectlon wlth the bulldlng of the housing propertles at Southminster, Essex. Cydlcal Malntenance Reserve The Cyclical Maintenance Reserve is unrestritted but designated by the Trustees to cover the cost of cyclScal malntenance as It arlses. A transfer to the Fund is made each year from the Revenue Reserve of a speclflc amount agreed by the Trustees. ExtraordlnaryRepalr Reserve The Extraordinary Repair Reserve is unrestricted but designated by the Trustees to cover the cost ol extraordlnary repalrs as they arise. A transfer to the Fund is made each year frorn the Revenue Reserve of speclflc amount agreed by the Trustees. Bulldlng Fund Reserve The Building Fund Reserve is an unrestricted fund designated by the Trustees to make provision for new accommodation for the benefic5al class of the Charity in the future. A transfer is made from the Revenue Reserve each year to the Building Fund Reserve, thls is a speofic amount a5 agreed by the Trustees each year. Revenue Resehve The Revenue Reserve represents accumulated surpluses of the Charity and is unrestricted and available for the 8eneral purp05e5 of the Charity. 14. RELATED PARfi DISCLOSURES During the current financlal year the charlty used the seThlces of a plumbing and heating buslness In respect of works to its housing properties. One of the trustees Is the spouse of the proprietor of the plumblng and heating business. Tran5actlons were carried out under the normal course of buslne55 and total fees amounted to £1.746. LEGISLATIVE PROVISIONS The Charlty Is reBiStered with the charity Commission as a Charitable Incorporatlon Organlsation, the Regulator of Soclal Housing loriBinally the Housin8 Corporation) os a Registered Provider of Social Housing and with the National A550ClOtion of Almshouses as o Registered Almshouse Charitv. -16-
THE HENRY GILDER ORAKE CHARITY DEfAILED STATEMENT OF ANANCIAL AcnviTIES FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 INCOME AND ENDOWMEK Investment Income Accumulated share dlvidends recelvable COIF deposit attount interest recelvable Ilent recelvable- 8round rent 8.570 3.223 837 4.160 Charltable acthAtles Contribution5 receivable Losses from vokds 110,731 52.038 107,143 52.038 Other In¢ome Introdurtlon of fvnds 2,633,377 Total Incomln8 resources 117A15 2,689,575 EXPENDrruRE Charltable artl¥411es Varant property C05tS Insurance ftepalrs and malntenance Cytlltal rèpalrs Éxtraordlnary repalrs Gardenln8 C•rellne Sundry expenses Bad debts wrltten off 750 908 1.593 1,246 7.492 19.819 9.215 L173 637 6,176 586 354 3681 51928 10,495 Support costs Management Clerk fees Le8al and professional fees Subscrlptlons 2l697 3,096 410 7.824 4.812 160 26.203 12,796 Governance costs Independent examlnatlon tees Accountancy fees 270 1,710 222 1.536 1,980 1,758 Total resources expended 8LIII 25.049 Net Income 3W4 2.664.526 Th15 pa8e does not forni ofthe Siatutoryfinandal statements -17-