Registered Charity Number: 1159083
The Sheffield Firth Almshouses
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
For the year ended 31 December 2025

The Sheffield Firth Almshouses
Contents
Contents
Page
Legal and administrative information
Trustees, annual report
Independent examiner's report
Statement of financial activities
Balance sheet
Notes to the accounts
10-16

The Sheffield Firth Almshouses
Legal and administrative information
for the year ended 31 December 2025
Full name
The Sheffield Firth Almshouses
Other names by which the charity is known
The Firth Almshouses
Firth's Homes
Charity number
1159083
Trustees
Louise Shield
John Gaunt
Alan Card
Richard Lomas
Patricia Nollent
Barbara Doyle
Jane Holmes
Catherine Bailey
Graeme Beck
David Lake
Chair & Governance Group
Governance Group
Governance Group
Estate Group
Housing Allocation Group
Health, Safety and Welfare Group
Housing Allocation Group
Health, Safety and Welfare Group
Estate Group
Governance Group (Appointed l May 2025)
Principal address
No l Firth Home5
Nethergreen Road
Sheffield
SII 7EG
Accountants
Seven Hills Accountants Limited
57 Burton Street
Sheffield
S6 2HH

The Sheffield Firth Almshouses
Trustees, annual report
For the year ended 31 December 2025
The trustees submit their annual report and the financial statements for the year ended 31 December
2025. The financial statements comply with the Charities Act 2011, the governing document and the
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
1021 issued in Ottober 2019.
Structure Governance & Management
The organisation was registered as a Charitable Incorporated Organisation ICIOI with the Charity
Commission on 5 November 2014 with charity number 1159083. It is governed by its Constitution.
The charity was originally founded in July 1869. Previously the organisation was governed under a
Trust Deed dated 9 July 1869 as amended by the Charity Commission Scheme dated 27 November
2007, charity number 219116.
The full Board of Trustees meets quarterly to plan and review the function of the charity. Trustees
review and modify as necessary the controls and structure of the organisation, which includes four
operational sub-groups (see above). The Chair is elected every January in accordance with the
constitution. The Trust employs a salaried Clerk and a Resident Warden through competitive
recruitment and their wage is reviewed at the Annual Budget Planning meeting. The Governance
committee continue to review and update the Firth Homes. policies and procedures to ensure the
effective running of the charity
Objerts and activities of the charity
The charitable objects are:
a} To provide housing accommodation for men and women, resident in Sheffield who are over 60
vears and are in need, hardship or distress- and
b) such other charitable purposes for the benefit of the residents as the trustees decide.
This charity owns an estate of sheltered accommodation for elderly people who are able to live
independently. The Almshouse Trust was founded in 1869. In 1970 the homes were rebuilt with
twenty eight flats and four bungalows. The Trust aims to provide its residents with a secure,
comfortable and happy environment. Facilities on the estate include a laundry and community hall.
The morale of residents is also important to the Trustees and therefore a range of social activities are
organised and encouraged. Firth Homes is popular and has a good reputation.
In shaping our objectives for the year and planning our activities, the trustees have considered the
Charity Commission's guidance on public benefit, including the guidance 'public benefit.. running a
charity IPB21' and the additional guidance on fee charging. The priority for Trustees is to manage
available resources to achieve its charitable objectives in the most cost-efficient manner whilst
ensuring that there may be sufficient provision to meet future challenges.

The Sheffield Firth Almshouses
Trustees, annual report (continued)
For the year ended 31 December 2025
Summary of the main activitie5 and achievements during the year
The Community Hall is used regularly by the residents for social meetings such as weekly coffee
mornings. bingo. cards and art club. Special events in 2025 have included Halloween and bonfire
night parties and the residents Christmas party. Organised resident trips have included a coach trip
to Skipton.
The Resident Warden is on site to respond immediately to all the security, maintenance and health
issues that arise. The Warden is notified of all emergencies (health alerts and fire alarms) many of
which are outside normal working hours. New digitally compatible careline equipment was installed
in the residents homes in 2025 to replace the existing analogue equipment.
The overall occupancy rate for the year was 98%. There was a total of thirty seven vacant weeks
across four properties in 2025. Of the four homes which were vacated. three residents moved
internally to ground floor accommodation and one resident moved into residential care.
The vacated homes have undergone refurbishment and two of the homes were re-occupied by two
new residents. At the year-end thirty two homes were occupied by thirty three residents (there is
one couple). There are 25 female and 8 male residents, the mean average age of residents is 79
years.
The time and cost of supporting residents to live independently in the context of increasing
regulation is a challenge as support reduces due to austerity within the local authority and
community. The Trustees acknowledge the assistan￿ provided by the National Almshouse
Association through guidance and training at a local level and with lobbying at a national level aimed
at sustaining the future of the charitable almshouse movement.
The majority of income comes from the maintenance charge paid by residents on a monthly basis, all
income is held in a cash account with a bank approved by Trustees and guaranteed by the Financial
Services Compensations Scheme. An instant aC￿sS savings account was opened in 2024 so that
some interest could be earned on the free reserves held. Trustees decided to increase the
maintenance contribution for 2026 by 3%1£461pcm for an upgraded property and £414pcm for a
non-upgraded property). To pay for the ongoing maintenance and upgrade of the estate, income is
derived from the investments in funds designed for members of the National Almshouse
Association. Regular monthly investments of £l(X)O continue to be made into the investments. The
investments remain adequate and overall perform to the Trustees satisfattion. The Trustees
continue to monitor the financial situation closely and consider The Sheffield Firth Almshouses to be
financially resilient due to the adequate investments held in reserve and the surplus income which
continues to be generated from the Weekly Maintenance payments from the residents.

The Sheffield Firth Almshouses
Trustees, annual report (continued)
For the year ended 31 December 2025
Summary of the main activitie5 and achievements during the year (continued)
Improvements to the estate have included decorating the resident hallways and installing patio
doors on the Community Hall for access to the patio, a sun canopy will also be installed in 2026.
Hallway heaters were installed at the end of 2024 and the residents have greatly benefited from the
communal heating which has made their homes more comfortable, it has however had a significant
impact on landlord electricity costs. One vacant home had a full upgrade including the installation of
a Mechanical Ventilation System to overcome issues with condensation and mould and a further
three homes underwent minimal redecoration as they had previously undergone refurbishment in
recent years.
It has been noted that the costs of labour and materials have increased significantly in recent years
and continue to do so. The works were considered on a practical and financial basis with the overall
maintenance and improvement of the estate in mind. The amount invested in the maintenance and
upgrade of the estate in 2025 was £44.817.
Serious Incidents
In accordance with the guidance on the subject, Trustees declare that duringthe yearthere have been
no "serious incidents" or other matters that must be notified to the Charity Commission.
Insurance
Relevant insurances are maintained which include the property; trustee liability; employer's
indemnity and public liability. Insured sums are re-valued each year by the insurance broker. The
estate was revalued by an RICS registered valuer in January 2025, a professional revaluation of the
estate in programmed in every five years
Financial review and reserves policy
Free reserves lunrestritted reserves not held as tangible fixed assets, associated mortgage or fixed
asset investments) at 31 December 2025 were £46,849 {2024: £16,675).
Investments held were valued at £1.431.563 at the year-end {2024: £1,242.215).
The reserves are reviewed quarterly and maintained in accordance with the guidelines and
investments recommended by the National Almshouse Association. The sums held are considered
proportional to the projected cost of maintaining and developing the estate in the foreseeable future.

The Sheffield Firth Almshouses
Trustees, annual report (continued)
For the year ended 31 December 2025
Financial review and reserves policy (continued)
Trustees seek to build a level of reserves that is not only adequate to meet foreseeable expenditure
but to also provide a margin proportionate to the risk that is inherent in any investment. Upgrading
each home when it becomes empty costs approximately £20,000 per flat. 8 homes have still to be
upgraded 1£160,0001 and this Is unlikely to be completed before 2028. This does not include the
kitchens as most of which are currently satisfactory. It is over 20 years since the kitchens were
refurbished and these may need to be refitted from about 2029. Estimates suggest that re-roofing
within the next years could cost £400,000 at current prices. ReseNes are also used to fund 'non-
accommodation sUPPOrt' to our residents such as the provision of a Community Hall and Guest Room;
the laundry and the pendant alarms worn by each resident etc.
Since the charity holds a high level of fixed asset investments, which may be freely spent on the above
improvements. the Trustees do not consider it necessary to specify a minimum level of reserves
required. The Trustees will set such a target as and when the majority of the fixed asset investments
have been spent.
These costs would be funded from the following sources, in this order, as required..
l. Net assets excluding investments
2. The sale of additional fixed asset investments if required
46,849
1.431.563
Total as at 31 December 2025
1,478,412
Further additional funding may be secured as a loan against the property, if required.
Trustees, responsibilities in relation to the financial statements
The charity trustees are responsible for preparing a Trustees, annual report and financial statements
in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Practice}.
The law applicable to charities in England and Wales requires the charity trustees to prepare financial
statements for each year which give a true and fair view of the state of affairs ofthe charity and of the
incoming resources and application of reSoUr￿s, of the charity for that period. In preparing the
financial statements. the trustees are required to..
Select suitable accounting policies and then apply them consistently;
Observe the methods and principles in the applicable Charities SORP:
Make judgements and estimates that are reasonable and prudent,.
State whether applicable accounting standards have been followed, subject to any material
departures that must be disclosed and explained in the financial statements,.
Prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the charity will continue in business.

The Sheffield Firth Almshouses
Trustees, annual report (continued)
For the year ended 31 December 2025
Trustees, responsibilities in relation to the financial statements (continued)
The trustees are responsible for keeping proper accounting records that disclose with reasonable
accuracy at any time the financial position of the charity and to enable them to ensure that the
financial statements comply with the Charities Act 2011. the applicable Charitie5 (Accounts and
Reports) Regulations, and the provisions of the Trust deed. They are also responsible for safeguarding
the assets of the charity and taking reasonable steps for the prevention and detection of fraud and
other irregularities.
The trustees are responsible for the maintenance and integrity of the charity and financial information
included on the charitws webslte in accordance with legislation in the United Kingdom governing the
preparation and dissemination of financial statements.
The trustees declare that they have approved the trustees, report above on 30 April 2026.
Signed on behalf of the trustees by-
L Shield
Chair

Independent Examinerfs report to the trustees of The Sheffield Firth Almshouses ("the Charity")
I report to the charity Trustees on my examination of the accounts of The Sheffield Firth Almshouses
{"the Charity") for the year ended 31 December 2025.
Responsibilities and basis of report
As the charity trustees of the Charity you are responsible for the preparation of the accounts in
accordance with the requirements of the Charities Act 2011 ('the ACV).
I report in respett of my examination of your charitys accounts carried out under section 145 of the
2011 Act and in carrying out my examination I have followed the Directions given by the Charity
Commission under section 145{5llb) of the Act.
Independent examinerfs 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-
accounting records were not kept in respect of the Charity as required by section 130 of the
Att; or
the accounts do not accord with those records; or
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.
Your attention is to drawn to the fact that the charity has prepared the accounts (financial statements)
in accordance with the relevant version of the 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) in preference to the Accounting and Reporting by Charities:
Statement of Recommended Practice issued on l April 2005 which is referred to in the extant
regulations but has been withdrawn. We understand that this has been done in order for the accounts
to provide a true and fair view in accordance with UK Generally Accepted Accounting Prartice.
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.
Susan Cochrane, FCA DChA
Seven Hills Accountant5 Limited
57 Burton Street
Sheffield
56 2HH
Date:
Ob/05/202b

The Sheffield Firth Almshouses
Statement of Financial Activities
For the year to 310ecernber 2025
General
funds
Designated
lunds
Total
2025
Total
2024
Notes
Income from:
Charitable activities
Investments
167.881
470
167.881
53.361
160.538
47,346
52,891
Total income
168.351
52,891
221,242
207,884
Expenditure on:
Charitable activities
120.486
31,826
152,312
157.615
Total expenditure
120,486
31,826
152,312
157,615
Net income before net gains on investments
47,865
21,065
68,930
50,269
Net gains on investments
149.457
149.457
44,476
Net income
197.322
21,065
218,387
94,745
Transfers between funds
21,065
121.0651
Net movement in funds
218,387
218,387
94,745
Total funds brought forward
1.311.093
1.311,093
1,216,348
Total lunds carried forward
1.529.480
1,529.480
1.311.093

The Sheffield Firth Almshouses
Balance Sheet
A5 at 31 December 2025
2025
2024
Notes
Flxed Assets
Tangible Assets
Investments
51.068
1,431,563
1.482,631
52,203
1,242.215
1,294,418
Current assets
Debtors
Cash at bank and in hand
Total current assets
io
2.119
46.308
48,427
2,070
16,431
18,501
Creditors.. amounts falling due within one year
li
11.5781
11,8261
Net current assets
46.849
16,675
Total assets less current Ilabllltles
1,529,480
1,311,093
Total net assets
1,529.480
1.311.093
Funds ofthe Charity
General funds
Designated Funds
1,529,480
1,311,093
1,529.480
1.311.093
The Trustees declare that they have approved the accounts above on 30 April 2026
Signed on behalf of the Charity's trustees=
L Shield
Trustee
A Card
Trustee

The Sheffield Firth Almshouses
Notes to the Accounts
For the year to 310ecernber 2025
l Accounting Policies
a General
The Sheffield Firth Almshouses is a Charitsble Incorporated Organisation ICIOI registered in England and Wales. In the event that
the charity is wound up, the liability in respect of the guarantee is £nil per member ol the charity. The principal address is No I
Firth Homes, Nethergreen Road. Sheflield. Sll 7EG.
The accounts Ifinancial statementsl have been prepared in accordance with the relevant version of the Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
pplicable in the UK and Republic of Ireland IFRS 1021 and the Financial Reporting Stsndard applicable in the United Kingdom and
Republic of Ireland IFRS 1021 and the Charities Act 2011 and UK Generally Accepted Accounting Practice. The accounts (financial
statements) have been prepared to give a 'true and fairf view and have departed from the Charities (Accounts and Reports)
Regulations 2008 only to the extent required to provide a 'true and fair vieW. Thi5 departure has involved following the relevant
version of the 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 IFRS 1021 rather than the Accounting and Reporting bv
Charities= Statement of Recommended Practice effective *rom l April 2￿5 which has since been withdrawn.
The charity meet5 the definition of a public benefit entity under FRS 102. The financial statements are presented in sterling which
is the functional currency of the charity. Monetsry amounts in these financial statements are rounded to the nearest £.
b Going concern
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist.
The trustees have considered the level of funds held and the experted level of income and expenditure for 12 months from
authorising these accounts. The budgeted income and expenditure is sufFicient with the level of resetwes for the charity to be
able to continue as a going corhcern.
c Income
Income is recognised when the charity has entitlement to the funds. any performance conditions attached to the itemlsl of
income have been met, it is probable that the income will be received and the amount can be measured reliably.
Residents contributions are accounted for during the year in which they were owed.
Interest on funds held on deposit is inclvded 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. Dividends are recognised once the dividend has been
declared and notification has been received of the dividend due. This is normally upon notification by our investment advisor of
the dividend yield of the investment portfolio.
d Expenditure and liabilities
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that
settlement will be required and the amount of the obligation can be measured ￿lIablY. Irrecoverable VAT is charged as a cost
against the activity for which the expenditure was incurred.
Cyclical repairs and routine maintenance: the charity has established a regular programme of cyclical repairs and maintenance.
Costs are charged to the Statement of Financial Activitie5 in the year in which they are incurred.
e Tangible fixed assets
Housing properties.. Firth's Almshouses were constructed in the latter part of the nineteenth century and there is no record of the
original c05t and no value 15 attributed thereto. The housing properties c05t relate5 to the construction in 1970 of replacement
units. This was funded by a Housing Association grant. a mortgage loan from ShefField City Council and from Firth's Homes, own
resource5.
Depreciation is provided to write down the cost of housing properties in equal instalments over their expected useful life of 100
year5.
f Fixed asset investments
Investments are a form of basic financial instrument and are initially recognised 3t their tr3nsartion value and subsequentlv
measured at their fair value as at the balance sheet date using the closing quoted market price. The statement of financial
activities includes the net gains and losses arising on ￿Valuation and disposals throughout the year.
io

The Sheffield Firth Almshouses
Notes to the Accounts (continued)
For the year to 310ecernber 2025
l Accounting Policies {continuedl
g Realised gains and losses
All gains and losses are taken to the Ststement of Financial Activities as they arise. Realised gains and losses on investments are
calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired
subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair
value at the year end and their carrying value. Realised and unrealised investment gains and losses are combined in the
Statement of Financial Activities.
h Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits. and other short-term highly liquid investments that are
readily convertible to a known amount of cash and are subject to an insignificant change in value.
i Trade Debtors
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the
effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when
there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the
receivable5.
j Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from
suppliers. Accounts payable are classified as cvrrent liabilities if the charity does not have an unconditional right, at the end of
the reporting period. to defer settlement of the creditor for at least twelve months after the reporting date. If there is an
unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current
Trade creditor5 are recognised inttially at the transaction price and subsequently measured at amort15ed c05t using the effective
interest method.
k Fund accounting
Unrestricted funds are donations and other income receivable or generated for the objects of the organisation without further
specified purpose and are available as general funds.
Restricted funds are to be used for specific purposes as laid down by the donor. Designated funds are set aside by the charity's
tru5tee5 for a specrfic purpose.
l Leases
Rentals payable under operating leases are charged to income on a straight line basis over the term of the lease.
m Pensions
The charity operates a defined contribution pension plan for its employees. Contributions to the scheme are recognised when
they are payable.
n Critical accounting estimates and judgements
In the application of the charity's accounting policies. the trustees are required to make judgements, estimates and assumptions
about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and
underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results
may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised when the revision affects only that period, or
in the period of revision and future period5 where the revision affect5 both current and future periods.
o Taxation
As a charity. The Sheffield Firth Almshouses. is exempt from tax on income and gains falling within the available tax exemptions
to the extent that these are applied to its charitable objerts. No tax charges have arisen in the Charity-
li

The Sheffield Firth Almshouses
Notes to the Accounts (continued)
For the year to 310ecernber 2025
2 Income from Charitable Actimties
General
funds
Designated
funds
Total
2025
Total
2024
Residents contributions
Ground rents receivable
Solar energy receipts
163.309
92
4.480
163,309
92
4,480
158,916
19
1.603
167.881
160.538
2024- fund split
160,538
160,538
3 Income from investments
General
funds
Designated
funds
Total
2025
Total
2024
M&G Charity Multi Asset accumulation shares income accumulated
Bank deposit interest
52.891
52.891
470
47.117
229
470
470
52.891
53.361
47.346
2024- fund split
47,346
47,346
4 Expenditure on charitable activities
General
funds
Designated
funds
Total
2025
Total
2024
Premises Costs
Staff costs- see note 7
Administrative Costs
Depreciation
Maintenance Costs
Other Costs
Support costs- see note 5
50.018
48.967
3.692
1.135
12.991
2.699
50,018
48.967
3.692
1.135
44,817
2.699
984
152.312
29.246
47,318
3.304
1,135
72,577
3,059
976
157,615
31.826
120.486
31.826
2024- fund split
110,498
47,117
157,615
5 Support costs
General
funds
Designated
funds
Total
2025
Total
2024
Independent examination fee
Legal and professional fees
957
19
976
No other fees were paid to the Independent examiners organisation.
12

The Sheffield Firth Almshouses
Notes to the Accounts (continued)
For the year to 310ecernber 2025
6 Trustee5 remuneration. benefits and expenses
Trustees received no remuneration in thi5 period. There were no expenses reimbursed to trustees during the year.
7 Staff Costs and Numbers
Total
2025
Total
2024
Salaries
Employer'5 National Insurance
Employment allowance
Employer'5 Pension contribution
47,541
5,235
15,2351
1,426
48,967
45,940
3,829
13,8291
1,378
47,318
No employee received emoluments of more than £flJ.000. The average number of employees during the year was 212024.. 21
8 Tangible Fixed Assets
Housing
properties
Cost or Valuation
As at l January 2025
As at 310ecember 2025
113,486
113,486
Depreciation
As at l January 2025
Charge this period
As at 310ecember 2025
61.283
1,135
62.418
Net Book Value
As at 310ecember 2025
51.068
As at 31 December 2024
52,203
Firth's Almshouses were constructed in the latter part of the nineteenth century and there is no record of the original cost and no
value is attributed thereto. The housing propertie5 Cost relate5 to the construction in 1970 of replacement unit5 comprising of 33
flats and bungalows. This was funded by a Housing Association grant of £15.000. a mortgage loan from Sheffield City Council
which has now been repaid, and from Firth's Homes. own re50urce5.
9 Fixed asset Investments
2025
2024
Movement in fixed asset listed investments
Market value blfwd at I january 2025
Add..
Additions
Reinvested dividends
Disposals
Add/llessl.' net gainlllossl on revaluation
Market value as at 31 December 2025
1,242.215
1,148,622
12,000
52,891
125.0001
149.457
1431.563
12,000
47,117
iio,0001
44.476
1242.215
The investments comprise the following at valuation-
10,26012024- 10,2481 M&G Charity Multi Asset Accumulation shares
1,431,563
1.431.563
1,242,215
1,242,215
13

The Sheffield Firth Almshouses
Notes to the Accounts (continued)
For the year to 31 December 2025
10 Debtors
2025
2024
Prepayments
2,119
2,119
2,070
2,070
11 Creditors: amounts falling due within one year
2025
2024
Accruals
1.578
1.578
1.826
1.826
12 Designated fvnds
Balance at
01-Jan-25
Balance at
31-Dec-25
Incc*ne
Expenditure
Transfers
Extraordinary Repair5 Fund
52,891
52,891
131,826
31,826
121,0651
21,065
Prioryeor
Bolance ot
01-Jan-24
Balance at
31-Dec-24
Income
Expenditure
Tmnsfr
Extraordinary Repairs Fund
47.117
47,117
(47,117)
47.117
Extraordinary Repair5 Funds- to be used for the extraordinary repair, improvement or rebuilding of the almshouses.
14

The Sheffield Firth Almshouses
Notes to the Accounts (continued)
For the year to 310ecernber 2025
13 Net a55ets by fvnd
General Designated
funds
funds
2025
Tangible assets
Investments
Net current assets
51,068
1,431,563
46,849
1,529,480
51,068
1,431,563
46,849
1,529,480
Urtrestrirted
funds
2024
Prioryeor
Tongible ossets
Investmertts
Net current ossets
52.203
1,242,215
16,675
52,203
1.242,215
16.675
1.311,093
1,311,093
14 Operating lease commitrnents
At 31 December 2025 the charity had outstanding commitments for future minimum lease payments under non-cancellable
operating leases which fall due as follows..
2025
2024
within one year
540
540
540
540
IS Related Party transactions
There were no related party transactions during the year ended 31 December 2025 or 31 December 2024.
15

The Sheffield Firth Almshouses
Notes to the Accounts (continued)
For the year to 310ecernber 2025
16 Statement of Financial Activitie5- Comparatives
Geneml Designated
fvnds
fvnd5
Total
2024
Incomefrom..
Choritoble ArtAVAties
Investments
160,538
229
160,538
47,346
47,117
Total inc¢wne
160.767
47.117
207.884
Expenditure on..
Charitoble Activities
110,498
47,117
157,615
Total expenditure
110.498
47.117
157.615
Net income before net gains on Investn￿nts
50.269
50.269
Net gt7ins on investments
44,476
44,476
Net income
94,745
94,745
Totalfunds broughtforward
1,216,348
1,216,348
TotalAunds carriedfonvord
1.311,093
1.311.093
16