Charity Regisrrntion No. 1162243 (England and Wales) Company Registration No. 09355815 {Engla[ and Wales) WOBURN 1986 ILimited by guarntee) REPORT AND FINANCIAL STATEMENTS YEAR ElzD 31 2025 Iiiiiiiwiii AEFIiHW5" 1411112025 COMP*J41ES HOUSE A03
WOBUILry 1986 CONTEwrs P¥ge Lg8al and administtive iufonnaiion T1C5, Stat¢mentof trth¥ reswsibiiifhES In&pendent re Stst¢men¢ of finwial aaivities Balanee et Notes to the fiDan¢iat statements 8-14
WOBURN 1986 LEGAL AND AI)MXNISTRATIVE INFORTIoN Clarlty registr4tiop number 1162243 Compny registration Dumb¢r 0935i815 Re8tstered Off¢ Wobum Bedfordshire MK17 9PQ 'Covérning iiistrvmeAI Sigrted a8ments d*td"30 aTMI 31 January 2018 Ch•rltabk objects T.0 trit general charitable purptyaes. including the relief of FW pelOnelS by the"prowision and main(enance of hou5in& Trustees His Grace The 15th Duke of Blfd Her Grnce The Duthtss of Bedford DHFOX P V"Lindon (rc5ivd 24th June 2tr24) E D S Smith (app)iftioJ 24th Jwr 2024) Se¢retary A.T Taylor(s1d 12 Swember 2025> A G Hart {ap1d 12 Stwbtr202i) B••kers R3S Group 280 Bishops EC2M 4RB Lloyds Bank Ple 25 Grt5h8m Street Lrd0 EC2V 7HN Solicltor5 . Bce Hatfield 240 Blackfriars Road London SEI 8NW Indep¢ndEuI EminerS Mercer & Hole LLP Thc Pinnaclc 170 Mjdsummyr Milion Keynes 8u¢kirtghamshiTt MK9 IBP Page I
WOBURN 1986 TRUSTEES, REPORT FOR THE YEAR EI¥DED 31 MARCH 2025 The Trustees presettt their TeNJrt and the alted aceounts fw the year en¢kd 31 March 2025. Tr rru5rees have adopted th¢ provisions of the Statemertl of RttommeThhJ PraGtice {SORPI' 'Ac¢ouftiiftg and Rep¢)rting by Chariries. (issued July 2014) eftectiye frcth JantAry 2015. a¥ applicable io those companies repffiing under Financial ReportinE Strdndard 101 in prtpring rhe ftttnuai report and financial siatements of the Charity. Struttur< ggv¢rnnce ud Woburn 1986 is a ¢heriiabl¢ comrAfby. limiied by guaranie4 incorporad oft 15 December 2014 with tk company re8iStrBtion numtr (83i5815 and is a re8i#ered Clty, number 1162243. Tl address of the pri1p?1 office of Ihe tharity is The Bedford OffKe, Wobum. Bedfordshire. MK17 9PQ. On il Janry 2018 all nf the a¢tivilics Jnd assds of Ihc unin¢(or8d ¢har¢ties Wubum 1986 Charilable Tru5r (r¢gi5r¢r¢d charity nurnber 29552)) and The Woburn Aljnshouyg Ch&rity (te8is(ernl charity number 2(M)392), wve Irartsferred io this compAny. The Trustees, who are direciots of the comEony. and. Mtrr 5ervingat tbe year end 31 Marth 2025 were: His Glac¢ Th¢ 15th Ik¢ of Bcdford Her Grace Duche55 of Bedford DHFOX P V Lindon- resigTd 24 Jkme 2ff24 E D S Smiih- appointed 24June 2W24 11¢thod of r¢¢rultment and APPOiatm¢nt 0Ttrnstee5 The TruAees retain the p0r ¢0 appoini new trnste¢s ne&4 arises bastsj the assessment of the skills they can bring 10 the tnLsiee bJy. Monitoring The Trnsiees 4yrove the audited acc of Charity •Jally and are thus able to direct any xtions showT¢ 10 be necessary. Thi5 wivides qu moni¢OrillB of thE reserves. Pri4¢ipal Objtt¢ives adivities The obje¢tiYc of the Tnsi, 05 set in ITS 8overning dUrn¢nl. Ès to rfil ¥eneral Lharitable pUoSe$. including ihe Teli¢f of poor pensioners by the provisi¢ afid maintrnartt of hovsing. including the Charity's seventeen FrEehold almshouse4 kjw as Sratsnion Hse in Bedford Street, WobunL Trnstee5 Confinn ihai they ¥t ref¢rTed io euidn¢¢ crnined in the Charily Ccmmission's 8ener318uidance on public benefit when reviewing the Trust'"s aims and ohjeciives and ift planning future a¢tivitie5 sellin8 the wi MlmsPOIleY for the year. Resulis for the year and fin#ncial rtyiew Rental, investment ItKome aftd bartk inlere5t receivable for the year aMrAted to £168.317. (2024: £155.741) After dedueting other attribble exse5 8fMt the revaluation on Investsneni Property, the decrcase in fund5 for the riod amounred ro {£1.244.939). which RduL%d the Unrtstricied General Fund. ConsequEnily, ¥vaiiable futK15 re £5.691.292 at year eThJ. Pace 2
WOBURN 1986 TRUSTEES, R£PORT (continued) FOR THE YEAR EIYDED JI MARCH 202) A¢hicveThcnt5 Aad P¢rform2th thjring ihe year the Charity PTovithd relief to nsIOnerS by the pmis11 mall1t¢n of ]U51n& Th¢ Charity also made donation5 to her local chrities. Investmejt polity The Trustees a conttTned io maiTrtain th¢ levd of Èncornc 10 coniinuE the donationnaking wlicies of thc Chariiy. They also wish io ¢n5ure th¥t ihE pittl b45e of the Charity is mainined an¢ where pu55ible. enhanced in the long-temi irtreresrs of thD5e charitable aclivtties whith the Chariiy assisrs. Organisation The Trust is conttolled by" a iK4rd uf Truslees whiLh m¢ets lormally at regular intervals. The Board is responsible for straregy and for finartial controls WKI d¢le8È9 day to day managenl to ihe Trus$ Re8iSt¢rcd Addre5S. Risk Management TIL¢ Trte£S hav¢ &55used ih¢ major risks w whKh the charity is ex51. in wlicular (kne r¢laLed to th¥ (trpttation8 and finances of the Tru51: and are satisfied thar 5yStem5 in tAate 10 mitigate exposure io the mai ri5k5. Reserve5 policy Th¢ TTu5tees' pjliry i5 to rnaintyin 4 lev¢1 of r¢5erYes whith will provid¢ a 5tsblE ba5E for its Co[l1n8 activities, and Ihi5 Is revtewfd regulèrly. Substanlially all of the furKts 6 unrestricd, can used for the 8erterdl wrp05e5 of the Trust aNI can be wnxd irtto cash at sh)rt notice if neeesw. Accordingly. the Tnslees do not Gonsider i11 li is nxe55ary to all(¢th a 5Um to bB held as a short t¢rnJ re5erv¢. Grants and donations policy Oonations 8iven in nne year do nrA nettssarily sep a predenT for giwng in yeirs. A Lveakdown of donaiiorts by recipient Forthe year ended 31 March 2025 Is Eiven on page 10. Trus¢¢u' exSe$ It is the poliw of Tiusl ro re1mbue Trustees For legilimate expense5 Wtve requested. Experw claimed during the year toialled £nil (2024= £niD. This repon has kcn Fycpared in accordan with the S¢aiCffnt tsf Rc¢ommerMlcd Pra¢tLCe; Accounting and RertIng by Charities {is$ued 2019). a5 appliiable lo Uxjse companies re1. uThJer FinarKial Reporting Srarthrd 102 and in a¢ccrdance with the sp¢¢i81 wovisions reiaiing to sfftall companies Withtn Pan 15 ofthe Cornpanies A¢l 2urJ5. Tlie keofB Page 3
WOBURN 1986 STATEMENT OF TRUSTE&S' RESPONSIBILITIES FOR THE YEAR ENDED 31 MARC.H 2025 The Trustees are re5ponsiN¢ for preparing the Tntsrees. Rep(rt and the financial sthtemenls in aordanCe th applicable law and United Ktngdom A¢counirng Sraodards (Uniied Ki2Edom Gcnclally A¢cepted Ac¢vurfin8 Pra¢ticc). Company law requirts ihe trusiees to PTepre fiTwial sr8temenrs for exh finala1 year wknich gi a true and fair view of the sthte of affairs of the charitsble company and of th¢ inming Tesour¢es and applicalion of r¢50UTce& tncltyling the itKome aTrJ eXnditur4 of the GlaEitable comFony for that period In prying these financial sratements. the Tn are required to: . 5elecl 5uitable.acc(rin¥ wlt¢te3 and then apply thEm COWi51¢DIIy. ' obseThe the method5" and PriTKiple5 in Ilw Charities SORP {FRS 102): . make J1&eMents and estimts ihat.ar¢ reasorwbie and pnyJenL Ste ¥vhaher appli¢ablc ac¢ouniinE 5taftd8rdg have ix¢n followel 51ibjed to malcrial departures th"scIod and eKplaitd in the finan¢ial statements: aTr ' w¢pare the fiTn¢iai ststem¢nts on the goi basis wAIE55 it Is irrdppropria.te to prelurnè .that the charity will continuc in busiAeSS. The trustees are reSnSIble for keeping proper accounting TecoTds that disclose the reasorgble accuracy at ally lime the firwrtiil rltIOn of th¢ ¢haTity and errtblc tt to ¢ASUTe thot the fLnantial sthtements comply with the Comparties Act 2006. They art also rcsp)n5ibk for safe 8uardin8 the a55ets of th¢ tharitable cThnpany and hence for tsking reasonabk sttps for the preveml( and. detection o! and (Aher IeSUlan1l¢$. Page 4
WOBifRN 1986 FOR THE YEAR ENDED 31 MARCH 2025 IndepeTrdedt ex•miner's report to the Trnstees of Woburn 1986 ('the CoTrpauy') We Teport to the charity TnJ5tees ow examinwion of the a¢counts of th¢ Company for the year eftded 31 March 2025. Rt5pongibilities ald basls of repDrt As tk Trustees of tr Company (and its directLV5 for the PUTPrt$ of COTnparEy law) you are resp)n5ibk fcK the preparntion accounts in accordzntt wilh the requiranerts of the Companies Act (the 2006 ACV). Having 5aii5fied oursdves ihat th¢ account5 of th¢ Company atE required to it athlited under Pth 16 of thE 2006 A¢1 and are eligible for iThJepetht ex]natIon. wr report in r¢$pect of our examinaliiKL of thr Compatys aeeount5 Carr out under seciion 145 of the Charities Act 2011 (Ihe 201 l Acf). In canying out OUT examination we have followed the DirectiotL5 giv b> th¢ Charity C(rfnmissirnJ utth section 145(51(b).of the 2011 Act. lTrdepend¢atexi•ees tt#t¢m¢fti We hve ¢omplded our exinatiOn. We ¢onfirn tIMt no m•ttets have ¢ome to otjratterttkon 111 cixineciion with thc cxamin&tiort giving us causc to Eelit%t: l. acc¢)uniing records were rtot kw ofthe Companyas required by sectiryl 386 ofthe 2006 Au" or 2. the accounts do t accord with those TordS. or 3. the ac¢ourtts do not Gomply with the a(zounting rewirements of Wiort 396 of the 2006 Act other than any requirernent thot the accounts givc a 'tnK and faie view which is Twjt a tnattcr considered a5 part of att independent examirArÉryi- or 4. the accwnis have not been pr¢wed in accorda wilh ihe methLNts and principles of &atetllEnt of Recommended PT3Ctice for accounting and reporting by ¢haTities. We have conccrs and habt Mm¢ othcr mattus in ¢onn¢ction with the examination to which att¢ntion should k drnwn in t5 re1 in oth enable a wper uThJersthTrJing of the accounts to be reached. njis reptyt is made solely to tl Tru5tte& as a ily. in accordance with Part 4 of ttte Charilie5 (Accounts and Reports} Re8ul•ions 2008. Our work bren ldeaken so that we might stale to the Company'5 Tr{te5 iknc matters we are reqwred to sMte to them in an IndeFtndent ¢xaminert report and for no orher purpv¥¢. To thr tulffte5t extent p¢miitted by law, we dLI TK)t a¢¢eix w ¥•>urne r¢5ponsibility to any¢)ne than th¢ Company and ihe CJ)mpanYs fTUStees &% a I. for work or for ihis wrL Si8ned: la Datsd. 13 frknber 2Wd5 Sieve Robinson FCA M¢r¢er & Hole LLP The P>nnaGI¢ 170 Mtdsurnmer Bl* Milron Keynes MK9 IBP Page 5
WOBiIIiN 1986 STATEMENT OF FIL¥ANCL4L ACTIVITIES (lOrpotin8 an in¢ome and expeTrliture ieeoiiftt) FOR THE YEAR ENDED 31 MARCH 2025 U•r¢5tf4tlul Ce•¢ral Fd 2025 Urtslritl¢d GefvEThl FuDd .2024 Rent l67,$23 15>275 466 155.741 Totsl tnEOU 168,317 Exprndit¥re on Ch¥itable a¢iivi R¥i5ing Funds 3.029 83,231 8),575 Total Temr¢e5 expewd¢d 86,134 86.260 Net •Ncoiai ruouff•S 82.183. 69.48.1 Oth¢r unrcwised Sain10&¢s) (1.327.122). 150,429 Iyet mover•Ent im funds (1344.939) 219.910 R¢concili•lioo ol fvnds Fond Imkntt brought ftsrw&rd Totol funth trth5ftrred irfo 6.9362>1 6,.7.16.32L T•tsl furtds c%rryed for¥ 5.691292 6,936.231 All unrecoBnised yins and IDsscs Viithin stawntnt All"•mwnts relaie ro corfinuing lvities. The nOfES On P4¢5 8 ¢0 14 forni of these fioan¢il Pa8e6
WOBURPI 1986 COMPANY NUMBEJL. I)9355315 BALAYI CE SHEET AT3J MARCH 2025 2125 JZ4 Fixed #ets In¥csimenL Prortrty 7.920.0 7.850.iIXI 448.168 1102 Invc51m¢nts 7.9Zla04 8JQO,270 Curr¢hi 453CtS Dcbtorjand w¢ptym¢Trts Cath at bunk 41 in httthl 15.977 ?Q.L?8 6.7iQ li,918 8.397 24,315 Currtllt liabiltlies Credttor5'. aTr)uws falliiltdt within one¥ io Q26&761) 1.31&3541 Not currtntMablli1SE5 1? 232.012) 11,361,OJ91 T•tBI N¢t a55tts 5M)1392 6JJiJJi T&¢ fuTrd$ qfth¢ ¢hThrity Unrwicttd Funds 2.907.718 2.78•.574 2M4a34 4.111.897 5.691.292 6.936.2J I TO1 chariiy fund5 6J36J31 These finaThcial h4v¢ b¢en prrpued irt arcLYdw the pM¥isw)n5 Tel1Th8 th s1 ¢oryahi¢s within Part 15 ofthe Cc4npftxes 2006. F¢¢ thc finlrtriul )t•r in question the ¢)Jmwy £nkntk4 lo exefflwioft nder 5ecEion ¢77 of tr< Compani Aci rclAiing small cOmrAns. No mcffthcry have rtquirtd thc comFthy io (Jtwn ofits ftsr tk in w¢stiDn in ir)yd¢ Wllh S¢LLion 476 oftht CcrfnpanLES ACE2W6. Th¢ d1Clo a¢knowl¢d8¢ Tht&r r¢swJnsthiliLy compl)In8 of &. Au With L r¢¢vrds' dnd iorthE wepaAiioty of 4ruJutU ThÈ havc be in arrorknx wilh Ihc prpv¢sxw romwics wbieci to th¢ 11 cofflponK5' rrBiifx. 1Th¢se finanoal aFpfoYLNI by Ty¢£$ oi | li li Thc Dts¢lie5xoF8¢dftyd Yrumic tj 5 5miih Corrpany RegistrAw No. 09J5511i Paae 7
WOBURN 1980 NOTES TO THE FINANCIAL sfATEMEPnS FOR THE YEAR ENDED 31 MARCH 2025 Ch•rity informatlon Wobum 1986 is a prive company limited by 8urntre rtgistered in England IT W•ks. In lh¢ event of the dthrity bcirtg wtyjnd up. thc liability in.rtsw of the 8uaTanttt is limiid ro £1 per rnember Df the ch¥ity. ThE re8rstered office is B¢dford Offi¢4 WobwTh Bedfontshire MK17 9PQ. Ategunring PoJicie5 l.l Basis ot'prepratio The financial stst¢mcnts Ixcn preEWtd ill accordance with the Accounting and Reporting by Charities.. St&ement of Recomm¢J¥Jed Ptaaice applicable to charities preparing th¢ir ounts in accor¢Janc¢ wilh th¢ Finala1 R¢poning Standard applicaW¢ in ¢he Unital Kingdom and Rewblic of Ireland {PRS IU2). Charities 2011. th¢ Compani¢5 At( 21 arxf UK Generally AcCepj Attounting Practice. Wobum 1986 m¢¢ts the deflnition ora public ber¢fLt crtity undu. FRS 102. A55ets atKI liabilities are iniiially reco1 ai hi0Cal c4M or trnnsaction 7ralue unless Mied in thr rrl¢vani attounting Poli nole. Ai thc iimc of apwoving fiTwial staww tntys hav¢ a rea50ble exwWiorL th&t the mpany has adwuare re5Wtrc5 to fL¥Llinut in opcratiottal CXiST¢e for the foreseeabl¢ future. Thys the [rStee5 contifi to adwthe Boingcon¢em basis ola¢¢oynil in pr¢pwir¥ the financidl 5tstern¢nr5. 12 Tangibl¢ Filed Assets Freehold & Lusehold propertre5 rrVa1u year. which ¢omplie5 With th¢ requirem¢nts of ihe SOIIP (FRS 1021, ID cortsidcr the propertie5 in the balance she¢t It their fiiT valuL Tht reYdluion 15 ¢ondwwl by tr tru5ttt¥ wilh the ldance of wofessional valuers. IJ Investments Invements arE 5rated lt Iheir rni&m4rkei Val at tr y¢ar end and tht awegale 5urplu5 or deficit ts traTr5feTred 10 Unrestricted General Fund. Profits or losses on disr1 of Inve5mm5 are taken to the Unrestricted GeneAI Fund. 1,4 FiM4Nci¥l in5trumMts The ¢haTity only ha5 finartcial assets aThl li4biliiie5 01 a ki[ thai qualify as basic financial instruments. Lla8ic tinafici in5trwnents a inilially retognised at transaction Ydlue atvj sUbseqntIY measured at their settlement IA1. l.S Income Rents rE¢eivable are accounred rc.¢ the accruals basrs. Investmerti inc(•Me 15 accounted for on a re£eipis.t•5i Pège 8
WOBURN 1986 NOTES TO THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 MARCH 21U5 1.6 Resourtts exp¢gded F.NxDdiiure is on the •c¢wal btsis and attribuiable VAT which r2nnoi be Dorntion3 Yable are chtrg)J in theyear when the dorWion is appro7Kd by th¢ trst Liabiliiies are rwisEd &5 ¢x&YJ}ditU 15 S(1 as ilwe is a leg81 or constrfive obligation committing ihe GrIty to that expendFtw4 it is wobable that settlement will be Tequired Jnd the arnow)i of tlK obligation k¢ mrasw Teliably. 1.7 Coryorauoo tax The Charity h&$ Gharitable status aTrl 15 exempt from corwsmion tax on the incorne it h&s e1ved. t.8 Cash Flow Sttem¢t The company has tsken the exemption in the Ch]leS SORP (FRS I1) (2019) from pryin cash tlow ststement on the 810th that the ¢ompmy is small. 1.9 IDv¢stmeDt Proptrty Inve5nnent is carried at fair determarted allnly and derived from the wrreni market rents and inveStnt propty yields for parable real eSle, adjusied tf necthsary for arty difference in the naiv Io¢ion or coThlitsoll gr the specifi¢ asseL No deryeciation 15 VIded. CPAng¢s in fair arc tecogftiscd in th¢ StstemEnt ofFInal&l A¢uvitie Relted p•rty ¢rxn5actiofts and Trn$ttt5' exp¢fjses •d reffjufteratio During th¢ ycar ihcrc wcre thc followin8 rclated party transxtions: During the ycdr donation5 from ihe Tavisti)¢k Trust foT Aphasia were nil (2024.. £nil). During rhe year a furthcr lo•n thv Lord Howlartd's 1987 Settlerncnt of £990,1 (2024.. £260.IMX)} bringing the totsl loan at 31 Mawh 2025 to q218fj68 (2024.. £1.227.000). Nont of thE Tri[¢¢5 Teceityed w remune10 [rimixwse of up¢n3¢5 dwin8 the year. 3 Stftff e05ts The 0)MFY has no direct employees. Th¢ cffltPy 15 administeted by Trustccs other services arepurcha5e4 from thirf party gjppliers wkn thE Ed ¢1 Page 9
WOBURN 1986 NOTES TO THE FINANCIAL sfATEMEKrs FOR.THE YEAR ENDED 31 MARCH 2W25 4 Expendithre UllrT5tr•ct•i . 2025 Unrestricled 2024 t)oMtions: Pwrs C041 sPort¢05ts (rtote 5) 3.559 4,559 3.029 Unr¢5tr1c'ted 2024 'Raising Funds-. Repairs & Mairtlemixe Water Rale5 RefiLrbislLments Fees on Pl Trd[Sl0ns Council T. 1,658 214 17.788 1.882 13,554 5.915 2.657 20.486 6,.676 5,444 81575 Support ctysts (note 5) 83.231 Page 10
WOBURN 1986 NufFS TO THE FNANCIAL STATEMENrs FOR IIIE YEAR ElED 31 MARCH 2025 S Support eosts ) Break•a by aLtivlty UDr¢51it1rd UnrEStricltd 2015 2024 Ch8ritble #thyitbtx SUp[rt CO relating to DoniiJns Raisin8 funds 3.559 5.444 329 3.446 9,(K13 6.475 b) Bre•kdowM ofsllPPOrt Cbriigble Ri5ing fund$ Totsl Lyl and Prof10al fees Bank rg Indewdent Examiner fee Acwun4n¢y aftd AdmLni5trive w5ts 1,431 454 1.984 454 3,968 1.150 1.9¥4 3.559 9.003 Support costs are ¥1ktr on eTtheradit¢L basis or id on th¥ tirr ok¢n r *tivity. Page 11
WOBifRN 1986 SCHEDULE TO THE fiNANCIAL STATEMENTS. LAND AND BUILDINGS FOR 171F YEAR ENDED 31 MARCH 2025 6 Land aAd Buijdin Investffleat Pr(ffjerty Freehold IDveJtmeDt Property Valuaii¢)n at l April 2024 lmprnvent$ to property- year ended 31 Mh 2025 Trnnsfcrred from a55ets corstru¢tion Deficii on reVaItiOn 5,650,IXK) 950.155 448.168 (1378,323) At 31 Mthreh 202S 5 670,0 L¢tsehold Imvthntnt ProTty Valuation at l April 2024 Improvemenis to wopErry- yearended 31 Mrh 2025 Increase on revaluation 2200,000 50.fA)O At31 Mabr¢h Z025 2,250.000 The 2025 valuwions mde by thetsUtt$. using the advi¢e of a leadingpwm aBenL OD an opcn market value for exisiin¥ use basis. These valiRtions us¢ m3Tktl rental values Lapithlised &t a market Capitsiisation rate bui there ts an ittewi¢able dewe o[jIgeMenI involved in that each propBrty 15 Uniqu and Val can only ultirnely be reliably Sted in the markei its21t. 11 the Investment propenies had been accounttd for unthr the historic uisi aceounurig rule& the proFtrtie5 would hae been measwed as follows: 2025 2024 Frt¢hold IAv¢stment Property HLStoric Co Improvements to property Transferred from as5etS UDder Co[&rli 2,660.464 950,155 448.168 4,058,787 2.660,464 2,660.464 Ltasehold InvotmeAI Property Histori¢ G)st 1.077.639 1.077.639 1.077.639. 1,077.639 The le8sehold in*Tesr in Fox Clos4 W(lJurn wll expire in 2067. PaBe 11
WOBURN 1980 SCHEDULE TO THE FINANCIAL ATEME. LAIYD AND BUILDINGS (eolltinued FOR THF YEAR ENDED 31 PdARCH 2025 Stgunton House Th¢ c]rItY an addition as Stwntiin House which 15 operaioa a5 an Almshouse for The E¢rfJt of its ienants. The property ¢J)natoA to implenMi8tion in 1994 of the Statement of Recommendtsj PAdice ttrfore. ha5 no original c( On mer8cr of ihc asscts of the Wotxwn AlMshol Charity aExI thc Wobum 1986 Charityble Trust on 31 Jaaudry 2018 the Charity Commission providal a sclMie lor the Nrger by which th¢ frtehcld inler¢st in Staunton Hw5e remain&J Ved in the trust5 of the Wobjm Alm%houY Charily as a method of preser¥in8 the peThanent ¢n¢knYm¢ftr iMSe4 by the Charity Commission Én relation tg thit property. Further Charity Crynmission scheme made Wobum 1986 the sole corpornTe Intte of Woixfft? Almshouse Charity and treated a linking whith ¢all¢S Woburn 1986 to treat the PrOrtY as its asset thereby rcceiving the inccffle (krived frorn ihe and rettllining re4M)n5ibl¢ for Il* of aintaining and yraiing the property. Asset under contrnttio 2024 202312024 R0VlOn$ io Stsunton Houston Boin8 Trawsftrred tr inv¢5tmcnt pry 448.168 (448.168) 448.168 448.168 The total renovation cost held in 2024 as asset under consirucrion been Lxp1iIsCd in full under investsrMt properttes irt 202). 8 InVestts •t rnarlet vilve Listed Inve$tme•ts Balance at l April 2024 2.102 1.148 Barclays PLC 5hare5 of 25p each M0ven in valuation 1202 Balance at 31 M8rrh 2025 3,304 9 Debtor5 2D25 21124 Reni DeixoTS Pffpaid Expenses Accrued Incom¢ 14,106 1.760 56 li.596 2,322 l j,9L? 15,918 Page 13
WOBURN 1986 NOTES TO THE FINANCIAL STATEMENTS FOR THE YFAR ENDEI) 31 MARCH 25 10 Credito 21)25 2024 Trade ¢redtioYs Accrued ¢xpens¢S Prtpaid rErt Loafv from 1987Selllement R¢Ncr¢ditOT ReailocioTrof Debi1 baJarK¢s WPL 20J68 14,CKX) 12,878 1218.6kn8 2,847 57.439 89.516 1.227.000 l.i84 1,174 2.268,761 1.388.3S4 11 Aty515 of Metamets betweeo funds F.ixed s%ts J¥¢t Cmrrefftt ligbS1ities Total Unrestrict Ctnernj Fuod General Funds lievaluation Ke5erve 5.139.rJo (2231012) 2,7¥3.574 7.923,J( 2.907.718 1785.574 5,69).292 223IOI2 Pa8e 14