BUSINESS ADVISORS &A¢¢OUNTA14TS St Mary Magdalen's Hospital Almshouse Charity Financial Statements For the Year Ended.. 31 December 2024 Registered Charity No.. 1165641 CONTENTS OF IHE FINANCIALSTATEMENTS FOR THEYEAR ENDED 31 DECEMBER 2OZ4 l¢ep¢rtolth•Tnu¢ I to 3 Indepwd4nt Ex•mlrnls R•port strt•n￿lt of Afi•n¢l•l •&tlvW nc•Sh••t 7 to 16 Det•ll•d Ststern•rt ofFkwidalArtWI•s 17 REPORTOFThE TRUSTEES FOR ThE YEAR ENDED 310ECEM6EA2024 Tnjsrees Fmentthtir reF#Xt alLrywlth the finamal ststenxnts rf the dwrty for ended 31 D￿emb 2024 The trustees have adcwd pro4lslons dthe Statementof RetommeTrJed Prxbce ISORPI'N£c¢yJntln8 and Reportln8 by Ch•rfWes" prer•ifto the3nnU￿ re&kYtand finonclal statementsdthe chaflty. The flrnn¢i•l st•tements have blen prepared In Xcordal￿e ¥Ath the accwntlry let our In nores to accounts On Pa8e$ 7. 8 and 9 Ornl c￿pty ￿th the govemlw dcKumen¢ the Charltles Act 2011 and kcourtln8 and Reportlng ty tharltss: Ststemert d Rec¢Yfi￿￿leO Prnctke appB¢•ble to charttles yeparlry the accounts In •ccord•ncè the Rnandal ReForUno Stsndard awlk•l)le In the UK Reput4t of Ird•NI puWl$hed In Oct(4Jer 2019. OBJEcnvES AND ACTivmES Objeclfves •nd •lms The obkrt of the Chwlty Is the pr¢pAskJn ol on land bel(rylry to Ch¥ty fly the benefll of rethlents whose qua1Wk4￿c￿ Sha￿ be wor $I￿re per50n5 d wod ch•rxter. Tr Trustee5 thchjed to further restrfct thls qu•lIffiCa￿OrI to FerSOr￿ wlth learr4n8 thsatralltles th exceo In spedal ¢•ses io be •PPftyed by the Charfty comffllm1one￿ •re Inh•bRartsofCokht5ter. Appmutlon olln¢oM nei IrKome 5h•ll be appled flrst to iep•lf, Inxve Jrd mett aN 0￿r vJt8oJn8s In respect OF tl* Ch•rlty'S prOper￿eS and oll yoper costs of the Ch•rtWs admlnostratlon •nd m•nryement There•fter net Ir¢ome shall be •pplled krfthe benefftol the almsptoplèdtht Charlty. ArtI￿tIeS The Ch¥lty currently yovbJe5 51x fl•ts •nd •lm1s to utll* •$ f4r w p)s¥We to meet the of the Ch•rity•nd promot• Ind•pond•nt Publlc kn•fft The actMtle$ ol the th•rlty consklered to be f¢y r•Jblk ber*flt •nd In the Charlty the Trustees h regard for the Chorfty Comm&skn8uklarxe on putrdk benefiL AOflEVEMENIS AND PERFO1￿ ChJrlt•bk ¥¢tlvlttes The charlty wLY*s Its re51derts to e￿¢￿Jralt o (tsyrnnlty enwromient •fid h•$ lrfwsed olJkye wlth durlthx the ￿1. The chilty15 WOrtlr4 to tr* suuestbrtsol qulnouenraal ￿￿￿V. The charty has (Cfflp￿d wlth the Houslry iknlx*Jsman¥ ComF4*nts H•ndlln8 Ctsye thr￿￿t the yew and h•$ submltted a seW.ésstssrnent vepwt tl* pthod tst J*uary to 3ts1 De¢ern￿r 2024. ) of vthkh Is avalLgble on req￿st c￿￿nI the year ended 3tst December 2024 we re￿h￿ no fomwl ccffjpL•lnts, and uses were referred to the lTrJependent *hws1￿c¥n1yJd$rna￿. FINANCIALREVIEW Nnaficlal p051th)n ThE Charfvs flNrKbal F￿15 as set￿t In the ShEeton p/ge 64th1 Istonswjered satlsFxtory. A•sqrye5 polky T￿ Ch•rlty'S pollry w yeserv￿ ts to m•lntsin suffidert reser￿ to en•l>le Owlty to (ontlrwe to achlE¥e prlftrt underseclon 145 of the kt and In carrying t my exanlnatlon I foU¢xedallappkable Dlrectiths lrythe Chaiity Cornm155torb underSe£tion 14515llbl oftheA¢t Indep•xlert exajntnees Statornort I have cL4npleted my examlnatth I corthrm that m materkil matters ha¥* c(The to my attertion in (Cthr￿(tiofft wth the ex7min3ticf*p¥ir% me cause to belie* thatln ary material re5FxcL accounttrq records¥vere not kÈptln reS￿oftheT￿￿ as rewlred ttySe£tjc￿ 130 ratheN£t: Of the acccrtjnts notaccord *ith reC￿d5. the accc4Jnts (h) notcomptywth the applicable requyemertscorKem￿ethe forn aTrJ content ofaccountsset out in the Charl￿5 IA￿￿j￿ts and RepLYtsI Regulabo￿ 20)8 other than ory rejuiremert that the accounrs 8Ne a trueand falr ￿eWwhkh ts r*x a matter(0￿•Ye￿ed as Fert ofan 11￿ependentexaMthatkn. I ha¥e no cO￿e￿$ ar￿ ha¥e atYC6s Lxl*r matter5 In wlth the eyAmk)abon to ¥¥hkh attentton should bedrawn In this rer#*t in4ythrtoenabk a wtyeruThlersIand￿¢0f tr* trj be reacw. Slmonwelli CertlfiedAccwrrtant TCGroup AcCo￿n￿nts Tcwn Wall House B•lkerne H￿1 Q)lthe5te¥ Esse C03 3AD 18 September 2025 STMARV MAGDALEN'SH05prrALALM5H¢WSE CHARITY STATEMENfoF FINANCiALAcllvbTIES FOR THE YEAR ENOEO 31 DE￿MBEft 2024 2023 Yotsl funds un￿$tri￿ed Resrrkted Endowment fvrrfls funds T(tsl nds Notes INCOMEAND ENDOWMEN7S FROM Chathablo artl¥ttlos mshouseattwlty 38￿71 ¥971 19.881 Invesrment Inc(#ne 4.155 40 5.176 3,053 Other- Intrcdudon of funds T(tsl 43,1 lJJ21 44.147 1,114.087 EXPENDITURE ON Charriable actlvltles Alm51￿se act￿lty 32.082 31,082 12,In 11,044 1.021 12.065 I,IOL916 NetBal￿ on Irwestments 1017 ￿683 ￿￿INCOME 15,082 1.103,799 Otherre¢O￿tsed gathslllos$¢sl Galns on revaluatlon of Ilxed assets 19,210 19,210 Net movement thfvnds 2LZfyI 34192 103,799 RECONaLIATIONOF FUND5 Totsl fund5 brcughtforwaTd 1ty025 18Z.440 803J34 L103.799 TOTAL FUND5 CARRIED FORWARD 13 118 coNnNUINfj OPERATK)N5 All income and expenditure h85 arlsenfrom con¥nuSng 2£u￿ties. The notes form part of ￿￿se￿nanCIal ststemeThts BALANCE SHEEr 310ECEMBER 2024 2023 Unre5trkted fuTrJs EThlth¥ment furK15 Total fund$ fvr fu￿45 Tan8]b￿ assets lttvestrnents 979.681 9f4),471 94,28B TJ*n LIWNIO LO54.759 CURRENT AS%TS Debtors Cash at ￿k li 4AIII 3,314 60J96 51202 EDITORS JntyJntsf•lllrydue*ltNnob 13,1551 111621 NEF CWIIIENf A55ET5 57 TOTPXASSETS LESS CURRENT LiA8JLrnES IYLIII 414091 1103,7 FUI4DS UThre5trktd funds Restrlcted lunds End0v￿eTrt fuTrJs Li 11&025 182,440 s24￿38 TOTAL FUNDS 1 1103799 The flwd¥ ststementswere •PWV*td tr* eo•rd ofTNstee5 and •JllK*lsed f¢Y lswe on 4 Sepknber 2025 •nd Revd A Daws Chalr clTrustees E Bull Trust Thenc*esform p*trfthe$efftTh￿1a1 4•wnents ST MARYMAGDAiEN'5H05pifALALMgIIJUSE aiARIIY NOTESYOIHE RNANCIALsfATEMEPIt5 FOR THE YEPJI ENDED 31 OECEMB811024 On l July 2023 •%sets and ts•tyAt*s of the St M•ry frWM¥l Ichdty Re￿#r•th￿￿ NumlJer257YJ81 were trnnslerrnd to tNs (hirlty. The fundsar*J reseTh￿IntrOIuCéd on ljdy 2023wtr* a51d1￿￿5.. Unrestrjded fufftls Revenue Re5er%t Bulldln8 Rese￿ Fur Extiacffdlnary Repalr Rese Cydlcal MalntertaKe Resv%* 2L256 41918 Il928 I￿,653 Re#rf¢t4dlunds Srthl Grwt Fund 900th AnnI￿5•ryCerebrakn Fwd 2,440 ErKlowment funds Houslng Property Rev•luailon Reser4Y Pemi•nent End¢Mrynent Fund 627,649 174,411 Tth•l AC￿Ul111￿6p￿oES •thof prnp•th8 th•lkn•nd•l sMt•m•nts The flnanclal slatsn￿Trts of th th•￿ty, ¥thkh 15 a te￿1 en¥ty urdef FRS 102, h•¥e been Pfepjred In accordance ￿th the char￿￿5 SORP IFRS 1021 'kcoJnthie Rerrtxtlry ty thariiles.. Ststement RectMmended Prxfjte to thar1￿*$ thelr attourts In attordanct the FIMnd•l Rep)ron8 Sthrd•rd •PF4lc•t4e In the UK •nd Rewbhc of Ireland IFRS 1021 leffecfjve l January 20191,, FINn¢￿1 Reportlng St•ndard 102 Tr AMM¢￿1 ftep>llreStaThlard awllc•Ne Inthe UK •tsY Repvbllcof Ire1•n￿ •nd the Chwltles kt 2011. Forthe purpojes olwe1emath￿￿Qfftnlr￿￿ A•ternerrtsh•¥e been r￿tyded tothe ne•rest 1£ The hnandal 5tstements hm been P￿P?￿d under the hlsttyk•l com COrwenti￿. the exceptlon that housln8 K¥opefUes •re Ir￿uded atvaluatknar¥S Ih*sin*nts wldth ire Indudtd at mawktt valuè. Whll# th1$ L8 • Reglstered Probldw of the 155ue of new SORPS for both charl￿eS and Reglstered Pr¢wlders, these xcwnts are wepared In •c¢tyd•r*ce wilh applluble Charlty SORP IFRS 10214nce Its prtr*•l L•ndl¢xd Yenants Act 1985 •re f tharItab￿ pufpases. Fund •¢¢¢)urtl Unrestricted fvndsun be uxd ￿ •¢Mrd•rrte**htheth•rl￿l+ ¢)Llo¢trb* •t tr* dls¢Mtl¢m ofthetrustee& De$4gr4ited lurKts ¥e Lffjre51rfcted fiwwjs of the thvity the tntslees d￿lded at thelr d15cretlon 10 setaslde to usefora spth Re5trkted fuThJs can only k used fly restrKted wfj)oses *tthln the oble¢rs of the tharlty. Rtstrktlordarfs* then spdfiwj ty the donty Lywhtnfu￿ls are rknd for partlDJar re5trkted purpo sr MARY MAGDALWSHOSPIYALALMSHOUSE CHARnY NOTES TO THE FINANCIAISTATEMENTS. torbtlnued FOR ￿YEAR ENDED 31 DECEMBER 2024 ACCOUNTING pouaES-tontthu Fund a¢￿￿￿1￿￿{¢0rttlnued} Permanent end0￿nentfundSare non*Mpendablefurthwhlch are normally held Indehnltelv. Further exF4anatk)n of the notwe and purpose of each fund 1$ induded in the nrte5 to the fiMncial ststements. Golr¢ conc4m The accounts a￿ prewed on a going concern basis a$ are no materral un¢ertalnties aboutthe Charity's abllltytocontirtue. Income All income Is recognlsed In the Ststement of Flnaftclal Artl¥ttle5 once the charlty I￿$ Èntltlement to the it is probable tlwtthe incorne will be receI￿d and the amount can bemea5vred reliab￿. Income from B￿rnment other grants. whether'caF4ts1' grants or 're¥enue' 8rant% is recouThi5ed whe the Charity has entitlement to the performance coThJltlons attached to the Eronts have been met, It s probable thètthe Income wlll ￿ I￿￿fved and the amount can be measured rellably and Is not deferred. For lezacles, entitlement Is tsken as tlte earlier of the date on which either.. the thality Is aware that probate has been granted, the estste has be￿ finalised and notlficatlon has been made by the executorlsl to the Charltythata dlstrlbjtlon wlll be made, or when a distributlon1srecei%rd frorn theestate. Oonatlons and othervoluntsry Income are reflected In the accounts for the perlcd In whkh they a￿ ￿•Ved. Donations In Mnd we wo8nlsed ty the Charty when rece￿ed except In the case of serv1￿5 provided f￿e or undervalue byvoluntary stsfl orothers which are nOtre1￿cted In the attount& ljterest re¢elvable Irfe￿$t funds hdd on dep051r1s Induded when receivat4e and the arnountcan be meagjred ￿lIablY tythe Charlty.. Ihls Is nOrMal￿￿POn notlflcatfjon of the lrtetest paid or ￿Vable tsYt￿ Bank EMpendltur• LIa￿lItIeS are recognlsed as expendlture a5 soon as there i% a legal or cofistructlve obllgation cornmIttl￿ t tharlty to that eXpe￿Iltur< It Is Fyobable that a transfer of economlc benefits wlll be reQuI￿d In settlement and the amount of the obllgarion can be measured reliably. Expenditu￿ is accounted for on an accrua15 ba4s and has teen da5sified uTrJer headings that aE8regate all cost ￿l￿ed to the category. Where costs Cannot irertly attrilwted to particular headlw they have been allrKated to acdvitle5 on a basis wnsistent wlth the use of resource& Repalrsand M)Intenan￿ofpIOp￿des The charge5 In the Ststement of Flnanthl Acuvltles In ￿sPeCt of Cydlcal MalThtenante and Exlraordlnary Repalrs reflectthe TrLtstees' constant concern to keep the propertle5 in condttlon, artd are In accordance wlth the Almshouse Assoclatlons, recommendatiOlI that Almshouse Charftles should set aslde each year speclfic sums In thls respect Tra￿ferS are made from the Revenue Reserve each year to the ExtraordlThary Repair Reserve to cover extraord5nary re￿IrS as arlse aThJ to the Cycllcal Malntenance Re5Erye to cover rep8irs whIchar￿e on a cWlcal basl Support Cos The tharlty's governance costs are all(Kated entirely io the Alm$h¢xJse Costs slnce support costs relatin8 to otheiactfvltles are conSide￿d Immaterlal. NOTESTOThE FINANaALSTATEMENTS.cartkpJed FOR THEYEAR ENDED 310ECEM8ER 2024 AccouKllNG P(￿QEs.cOhtbwed Tarylbieffixedassets Housing pmperties The Iwsing ￿Pert￿ ￿e1￿ude4 in ￿fits at thelr iwraKe fe￿￿aternent value. Addilion5 after each reval*￿0￿ are Indudd atCOSt untm afUrt￿ re4aluatiorL The hou5inE prcwrbes are r¥)t d2preckilEd 05 revauatKm5 we ￿forn￿ ¥hth wffioent rwlarlty to ensure thatthe orry*nKottKNJnts ore not mateii4tynwrated. IKurred. AryMaprimprC6￿ert5oreXte￿1)n$tOtheW0perty are c•pitsltsed. Irwestsnents are shown on the eatarKe Sheet at th￿r market value. ChanEu in rnarket value during an acetyjnting pericxl are ￿erted In the ac¢ounts as un￿35$e￿ ￿1Th5 k)￿￿ Upw dlsposal d an Investsnent the drffere￿e ktheen or*knal cost and disposal W￿dS Is refiected In the atcryjnts as a realised galn or loss and an adjustsnert i% made to unrealiseil gains (r kthses to reb*tse unrea1I5ed mmnerts in value In ear￿erve0¥S Debtors trlbtstions and recognised at the setdenwt abwuntdx Prepaymerts are v*ued atthe amount wep3hJ net ofany thsttwnts du Cashar#l bank￿d In har*d at bank and cash in haThl indudes ¢ash and tem hehty lfjqubj Irr4estments wlth a shut mètrjrfty cl three month5 orlessfrorn the dateofacw15thn ortyenw¥ofthedep)5itry sNnitsraccJJTht Credltors and proAsfjorts are recc8nW where the Charfty a weseThtobWgadon resuldr¥ from a past event that wlll protobty result In the transfer of funds to a thtrd party aTrJ the amount thje to setde the obligètv)n can be meayjred w estimated rdiètrly. Credittys aNJ we mrnally re¢oAni5ed at their settlement amount Rnandal rn51Nn￿nts The CharityorJy ha5 financial assets aTrJ finèr￿181 l•bilities d a lir¥J that quaTrfyas bast fin•n¢ial inttruments. Baslt ftnanciql Insrruments are recc*￿è1 at transackn ¥aue and ￿*￿eqUent￿ meayjred at thdr Settlement ￿l￿e. Taxatlon Tlke charltylsexernpt fram tax th3ritsLleacbvii STMARYMAthALEIIS How￿AL￿AmSH(XI5E OIPJI NOTESTOThE FINANCiALsfATEMETnS. crffttlN*d FOR ThE YEAR ENDED31 DECEMBER 2024 2023 2,974 Interest le￿Valle For the ￿aT ended 31 Deceffllw 2024. aC￿M￿t￿rt share t*en atwjrted ftr as in%tstrnert Incame and Jmwntsfcrf the ended 311)e¢embw 2023 have teen redasslfkd to refkct acojmulation share dMdeNls ￿ EL316 as iwtment hKom4 w]th ￿ gakns orb in¥t5trnert duongfrorn £3.229to £L883. Almshouseartl¥ Contributhtins recep4able Ltss v(4ds 19 D*ect Costs Isee costs (see rxrte 61 note 7) Tcrtals Almsh(MJse ZOA21 IL611 32,￿2 2023 Rates and water Irfyjran Bhtand heot Rep31rs and malntenance Cyclical repalrs Extraordinwy repalrs Gardenir Careline &Jndryexpenses Cleanl 31 16 310 2,142 1106 70 1,126 1,379 197 -it ST MARY MAGDALE￿5 HOSPtYALALMSHouse otARITY NOTESTO THE FINANCLALSTATEMENTS. ccntlnued FOR THE YEAR ENOED 31 DE￿BER 2024 Governance costs Management Tota15 Almshouse Xtivlty 6,757 IL661 Jpwrt Costs, Induded kn the abo%*, are a5follo 20Z4 Almshouse actlvlty 2023 Almshouse actfvkv Clerks fees &Jbsulptions Independentexamlnatlonfees Acc￿n￿r￿ fees Legal and professional fees 374 3,062 98 160 L232 1.428 11661 5,973 TRUSTEÉS, REMUNERATEI)N AND BENÉFITS There were no tru5tee5' R￿u[￿ratIon or other bertelitsforthe yeaiended 31 De￿mber20I4 nOrf￿theYear ended 31 0￿mber 2023. T￿￿ee$. expenses There were rK¢ trustees. exFenses pakl for the year ended 31 December 2024 nor f¢X the ethled 31 De￿mber 2023. TANGIBLE FIXEOASSEYS HIAJsli*g propertres COSTOR VA￿TIoN At l January 2024 Revaluatlons 960.471 19,210 At31 De￿mber 2024 NETBOOK VAWE At 31 Docember 2024 979.681 At31 De¢ember 1023 960.471 The hTrJslnBpropertle5 areststed at valua￿On, beinKatthelr Insurance relnstatementvalueat 30jU￿ 2024of £979.681. vjhlchthetrustees consldered to te the value asat31 December 2024k -li- NOTESTO THE HNANCiALSTATEMErirs. c4thed FOR IHE YEAR ENDED31 DECEMBBI 2024 TANGIBLE FIXEDA$5FIS. conunued Costoi valuabw at 310eomber 2024 is ￿￿eSented Ipf. Accumulathd revaluath)ngalns 646W9 ¥J2W2 I•. AXEDAWINVESTMEN7S iThFestmÈnts MARIWVAiiE At lJanuary2024 Addlth)ns Rev•luation5 3A24 3017 At 31 December 2024 o.n9 NEf8OOK VA At31 De￿rnber 2024 o.n9 At 31 t)e￿mber 2023 94.288 Cost+y valuakn at 31 D￿m￿*r 2024ts rewe5ented ljr. Ust Accufflu￿ted revohJatkn)n uwn5 aoMs8 70.671 100.729 IL DEBToR&.Am￿NTS FALLVIGD1￿w￿Hll (W&YEAR 2023 Contr[bu￿onS in arrears Prepaymentsand accft￿d Irt(ffie 1,013 2,301 1443 4011 -12- STMARY MAGDALEN'S H05PITALAiMSHOU& CHARiri NOTESTO IHE FINANCtALSTATEMENTS- contknu*d FOR THE YEAR ENDED 31 DECEMBER 2024 CREDITORS: AMOUNTS FALUNG DUE WffHIN ONE YEAR 2024 2023 Contrlbutlon5 recelved In ad4•n Attfual$¥nd deferred Inwme 1,610 MOVEMENTIN FUND5 Nét movement In fvnds Transfers totween futhds At 31.12.24 At l.L14 Revenue Rese ExtraordlnaryRepalrAeserve c￿11¢•1 M•lThtenance Reserve 2L944 19.908 15.996 14.33ZI 80.085 ￿1￿88) ￿024 19.7081 X144 15.348 118.02S .088 lyl,113 Res¢rlrt¢d fvnds Soclal Housln8 Grant Fund 900th Annfver58ry Celebratlon Furtd 182.OOD 18Z.000 182A40 Endowment funds Houslng PropertyRevalu•tlon ReseThe Permanent endowmentFund 627,649 19,210 646.859 824.538 TOTAL FUNDS 1103 799 4138,091 -13. ST MARYMAGDALEN'S HOSPITALAiMSHOUSE al￿1T¢ NOTESTOIHE FINANaALSTATEMENTS-contEN FOR niE VEAA ENDED 310ECEMBER 2024 13. MOVEMENT N F1*4tIS-conttnuod Net movement In fund4 IrKluded In the abo4e are a$follows: Incoml resoltrces Resources expended Galns and losses m0￿Ment In lunds Unrestrfcted funds Revenue Re5eNe Extra¢Jrdlnary Repolr ReseNe Cycllcal M•lntenan¢e Resw 41478 356 291 122,5951 15,2181 530 14.3321 49,1 1310821 lam8 ErtdowmeTht fvndg Hou51ng Property Revaluatlon RI￿r¥I Pemlinefit Endowment Fund 19.210 973 19,210 i.ozi TOTAL FUNDS Comparatbdesfor rnu4•mqfit th lunds Net m0￿ment In fvnds Tr•n$firs befvjeen funds At 31.12.23 At l.L23 Ufire5trlcted funds Revenue ReseNe Bulldln8 Reser¥t Fund ExtraordlnaryRepalr AeseNe Cycllcal Mllntenance Reser 30,694 41,918 12,496 117501 141,9181 2L944 15.996 118,02S IW025 A•strf¢ted lunds Soclal HouslngGrant Fund 900th Annlvefsary Celebrntlon Fund 182,000 440 182,000 440 182,440 endowmeni funds F¢ousln8 PropertyRevalu•iion Reserve PerrnaneTht EndrvwmentFund 627,649 627,649 TOTALFUN05 L103.799 -14- ST MARY MAGDAiE•IS HOSPITALALMSHOUSE CHARITY NOTESTOIHE FINANOALSTATEMENTS-¢ontthued FOR THeYEAR ÉNDEO 31 DECEMBER 2024 13. MOVEMENf 14 FthNDS-contlnued Comparatl%* net m￿￿ment In fund4 Induded In theab￿ are as follows.. Inwrnl resources Resources expended Galns and losses Movement In lutKIs Unrestrlded funds Revenue Rese 8uildln£ Reser%e Fu￿1 Extraordlnary Repalr Reserve Cyeliul M•lnten•n¢e Reserve 41845 41918 12.110 1111711 20 30,694 41,918 12A96 32.917 1,108 128,682 112.1711 L514 118,025 riestrirted funds Social HousingGrant Fund 900th Annlversarycelebratlon Fund 182,OQ) 2.Q]O 182.440 182,440 Endowment thjnds Housing Property Revaluatlon Reser¥e Permanent Endc**Jment Fund 627,649 175.316 627.649 175,685 803.334 TOTAL FUNDS 1,114,087 112.1711 L103.799 Funds and RegeN PemianentEndowmert Fund The Perrnanent Endowment Fund represents the cost of the IKJu$inB wOpe￿¢S nnanced bythe Charlty's rr resources together wlth the Pemianent Endowrnent Irwestmen H￿$[n8 Property Aevaluatlon Reserve The Housing Property Revaluatitsn ReseTve Is permanent eThJowment of the Charity oftd ￿preSeftts the yjrpluses on revaluatlon of the houslr¥ propertles. Soctal Houslng Grant Fund The k£ial HousinE Grdnt Fund is o restrKtedfund and reyesents the 8rant of £1810)O Inconnectlon vmth the buildi￿ of the ho￿1￿% propert*$ durlng the yearended 31 December 1994. 900th Annl¥ersaryCelebratlon FuThl Thefvnd ￿p￿sentsdQna￿￿s re￿fved to asslst flnarKe the Charliv's￿oth annl¥ersarycelebratoryeKTnt Extraordlnary Repalr ReseNe The Extraordlnary Repalr Reser¥* Is an unrestrlcted fund deslgnated byth2Trusteesfof futwe major repalrs to the Charity's h¢Ju51ng prowUe> A transfer Is made from Reveme Reser¥e each sEar to the ExtraoTdlnary Repalr Reserw thls Is a 5FecWk amount a5 aBreed by the Tw5tees ea¢h year ond is i￿￿$1%* of Inwme atttibuthbfe to Invested fiJnd& The Fund Is spe¢fficolly Invested. NOTE5 TO THE FNANCJALSTATEMElll5. ccffitbNed FOR IHEYEAR ENDED 31 DE￿￿ER 2024 MOVEMENY IN FUNDS. ¢¢)nllN•J Funds R•*N•slcOndnu￿J Cydkal MalrteMnteRe*¥e The ￿rIk￿ Mwrrtenar*e ReseTht Is an unfestyiLtsI de$￿ated ty the Trusteés ftr qtllc•l rep•lrs to the Chorltws w*p¥t*& Cyclful replrs are those re￿IrS to the JIMSh￿*S which arlse Inlrequendy guth as redecoratkn ènd *50 the replxernit of wllte tood& A transfer Is made from the Revenue Rese￿ each ye•r to th? Cltkal M•lfiteronce RtteTht, thls Is a spethc amount as a8re•J ty the TnJsteueKh I*•r￿d Is1￿1￿￿%0[ Ir¢ome•ttsblyJtsb*ts)In¥¥¢edfvr*J Re¥￿￿¢ R¢serth• The Revenue Rese￿ rewesentsaccum￿aIed dthe Ch•¢Sty vdls unrestrkted JrKI mlljbk fu the general purp)ses ofthe thar*. RELATED PARTr DisaosuKs Theft￿re no rel•ted pJrtYtyns•Cd￿f0rts 31 Dtt•nbv2024 D￿AlLED STATEMENT (* ANANOALAcn FOR THE YEAR ENDEO 31 DECEMBER 2024 2024 2023 In¥estmentlrtam• Dlvldends reCe￿I)le Irbtere4 ￿¢￿Vable 2,974 79 142 5.176 3,053 Charltable acthittS1s Contr1￿J￿)￿S ￿ce￿ab Less Y￿d$ 41,230 I9,￿1 31971 .881 Otherlncom• IntrothJctlM offvTrJs T¢xiI Intamlry reMwr< 44.147 1,114.¢A7 EXPENDITUPE th•r*•bl• •¢tMI Vx•nt proFettych•rye Rites and water Insurance L48ht•Thl heal Repalrs •nd malnten•r Cyclkal repalrs Extraordlnary reylrs fjIrde￿ C4réllnè Sundry•yns•s aeanlna 31 1282 629 4184 1719 52 16 310 2,142 1.126 1,379 197 13x1 L094 652 20h21 Manaprnert Clerks feès Subxrlpuons 6J74 4757 3.160 6tyem•n¢ecosts IndeFendent exaMInaV￿lees ctyJntarKyfee5 Legal and ￿Ofe￿O￿a[fee5 IN28 L232 2.813 Total resourtts exptrthd 11171 Net Inrom• 12M5 I,IOL916 -17-