fjRO BUSINESS ADVISORS St Mary Magdalen's Hospital Almshouse Charity Financial Statements For the Year Ended: 31 December 2025 Registered Charity No: 1165641
CHARITY CIX4TElmOF ThE FINAP4CIALAIEME1lfs FOR THEYEAR ENDED 31 OECEM8ER 2025 fteportOftheTn1eeS I to 3 BalanteSh¢¢t Notssto the Fknanthlstatanenis 7 to 16 17
ST MAAY MAGDALENS H05prrALALM511¢XISE CHARITY AEPORTOFTHE TRUTrS FOR The YEAR ENDEO 31 DECEMBER 2025 The Tnre05 present thelr report alon8 wth tht financial statements of the d4rity lor the year ended 31 Dember 2024 trustees have adopted prabislons of the Statement of Recafflmended Prartlce IS0RPI"A(crtinS and Reporting by Charides" In preparfn8 the anM•l rewt •nd finandèl Smernentsofihe th•rlty. The flnanthl st•temMts beth Partd x(0rd¢+ Ttth the actWntS pJkles set out In notés to th• accounts orb pages 7. 8 and 9 and tomth the chartty's 8tr4emln8 do¢umÈn¢ the Ch•rltles Att 2011 ar4J A¢¢ountlni al Reportlni by CharlUek' Statefflent ol Recommended pract7 applKable to (h•rftles preparing thelr accounts In 4¢¢ordance th th• Flnancial Rewdn¥ Standard applicabje In the VK and RewblKoI Ireland pub115hed In tober 2019. owecTrvESANDAcmirnES Qblertl¥es and The oblect ol the Ch•rlty Is the prtrAslon of almstr land bekn8q to the tharfty for the benefit of resldents who quallfl£atkJn shall be poor nle persons of 8ood ch•r•¢thr. The Tru5tet5 he de¢lded to fvrther restrkt thls qualiflcatlon to persons with beamln8 d31leS except In spedèl cases to be appred by the urfty Commb551oner5, Ire Inhabftantgof Cokhertw. Appll¢•tlon•lln¢•m• The nét Income shall be applled first to repalr. Insure Jnd meet ll other ou4olnp In respect of thè Chadtvs opertle5 and 911 propw costs of the thirlty's admnt5trttlon ind m•rw8ernenL Th•r•¥fter Income sh•ll b• •ppIO f¢rtt b•nefitofthe •knspÈ¢pk•ottheOurlty. The Ch•rfty curr•ntty slx fl•ts 11% •kn Is to th•$4 •$ l•r as poMlbl• to meet th• obJ•¢tfves of the Crfty ind promote lThdopwdent Publk b•n•fft The actlvltles ot the Charfty ar¢ consldered io be lor the ben¢f In T1n8 the Chrlty the Tfustees hav• ard lorth Chartty COMMI 8ulde on publk benéfft. ACHIEVEMEKtS AND PERK)RMANC Charf¢abl4 8ctl¥llles The charjty conVnu¢s 1¢ WO ¥Ath the r¢sldenu throulh regu1 ¢ommunkatkns. Includlng trustee sIts. harfty contlnues to conshjer the rocommenthtlons ol the qnE?1 surby and Imrnent them thert consldered nery. Th¢ ¢harlty h•$ Complied wilh the H•Jsin8 OmWsm•n's Compl•lrtts H•nthi Code throughoui the year and has submltted • self-assessment rewt co¥erlng the perSod tst January to jtst Decernber 20ZS. • copy of wthlch Is a¥allat4e on requesL the year ended 3tst December 2025 we fecel¥d no fornial complalrrt5. and no ca5 re relerred to the Independent H(wlty (knb RNANCIAL REVIEW Hnandol poslllon The CharitV5 fin•n¢i•l posttkn b•ssrt+>Jt In the IK+shetOrt p4•6•hd Is nsId¥¢d satiif•¢tory. The Charfvs pollLV on r15 bs to suffldeftt res•w¥ts to eble the amrlty to (onlJThJt to •th6•v• hs nclpal (kniecEs.
FOR THE YEAR END£D31 DECEMBERYJ25 The charty wll contknue to Imprwe the OF $ awr¢nt hoLtsing Ine with retommerthtions from professiorwl advisor Governlng document The tharfty is a Charitable Incorporated Organ10ft 10018o¥med by a c¢x)rtMfjon reglsiered by the (har6ty Cthnmlsslon on 18 Febwary 2016 and as amended by11tl rÈsolut)ns dated 5 NobErnber 2016, 23 Marth 2019, JO December 2019. 21 November 2022 and 11 May 2Q4. The Charity ts a Re8tstered Sodal Htyjslng pr¢Ider. re8Ntration nurnberA4089. Recrultsmnt and appotntshent of newtMstÈes As Wdcanoes for Trustees ar aPat1)n5 are SW from FAential candhlates known to the Trustees and other suitable local peopl& Appli(ants are then (onsJeroJ ty the Trustees and apintments made ty re501ution of the Tntstees. Dayto day admlnlstraiion ofthecharityts tarried (rtrt bythe awk¥Jho reptstotheTN$tee$. Inductton and tralnlnaolnvtrustees New Tnjsttts are briefed by the aerk and the ex1stryYn on the hISand athrytie5 ofthe Charity. They are provided 1th a mpy of the tharitycommsoon puWi0tl Tr Essentlal Trustee" detsllin8 their re5ponybiltties ahd ProdIng guidance on bein8 a Tnistee. NwwTrustees are prrffthjed Tith a copy olthe Chadtystheme and the latest actounts. Reltted porU¢s There are M other charltles reled ts the Salnt Mary klaRdakn'5 trh)5pltaL The aerk to the awrity is •tso aerk to other almshouse charitle The irustees have a duty to •Jentify and revw the risks to wthlch the thar6ty ts exposed to erhyJre appropriato controk 4r¢ in pl¥eiO woNid¢ reasonabieassuraho agaknstfr3ud aTrJ errw. REFERENCE ANDADMIN15TRAIIVE DETMLS Reglstered Charlty number 1165641 prPaI address 286 Mersea Road C<4thester C02 Sqy C PÉ)ole (rN¢ 26nn51 Mrsv HinS Mts E 8ull Mrs Ssmtt Reverend A Da¥i5. Ch•r lapkKHnted 26ni251 Ms F Sea8erlappolnted 131111251 Iresl8ned 30lin61
MARV MAGDALeN'SHosprrALALMSHOUSE FOR THE YEAR ENDED 31 DECEMBER 3)2S REKRENts ANDADMINISTrATNE DErAis Slmon Wdling Tcfjtoup countsnts Town Wall House Balkerne Hill Cdchester C03 3AD Somdtors AnthonyClIS Sdlcltors LLP 134 Edmund Street Bimilngham B3 2ES PO Box 250 5ke1rn*5dale WN8 6b aeth to thecharlty 150n Srnith ia6 Mersea ftd Colchester Essex C028QY Approved iworderof thebo¥d of intees0Th 2 MayJ)26 and 5i8ned on its behalfbr. Twstee
INDEPÉNDENT EXAMINER'S REPORTTOTHETRUSTEESOF Independentexamlns wtyttodtrusteesrfStMwyM••hknS HOSW Abn$Se tharlty I report to the thèrlty tru#ees on my examina of ¥counts of St Mary Malen's Ih)5pltsl Ajmshouse (harfty lthÈTrustl fortheyearended 31 December 2025. Rwnslbllhles and baofreptyt As the tharity trustees of the Trust you are resp(ffisible for the prepara)fi of actounts IA acd)nce whh the requlrements ofthe Ch•riiiesArt 2011 ltheArtJ. l port In respect of my examination of the TrusV5 ac£ounts caryied out urbjef Sect 145 of the Act and in carryin8 out rny exomination I have falkwd all ake [irecti 8r¥En by the Charity Commlssion undersecknon 14515llbl oftheA Independent exarnlneesslatemert I have completed my exarnlnation. I confim that no material matters com? to attentioTh In canne£tion ¥th the examlnation gin8 me ¢auseto beliÈ that in matsrlal respÈ¢t'. actwfttinE record$ were not kept ift rwof theTwstas re4ulred bysethon 130oftheAc¢" the accounts do accord vAth those records,"or the accwnts do rwt tomply the apWirable re4ulrements tonceming theforni and conient ofaccountsset out In the Charltles lAttnts and Rwrtsl Re8ulation5 2(th other than aTry requirement that the accounts ea true and falrblewthkh &TrJta matter(onsk a5 Wtof an 11thdenternIn3tion. I have no concems and h8¥e c¢Nne across no ¢er matms in coMe£tb)n ¥Ath the e¥amlnatloTh to lch attention should be drawn In this rnport In ordertoeroble a pr(4vrstandIngo[the3COwThts to be reached. &mon Welling Cerbfied Acc£wJrtsnt TCGroup kcountants Town Wall H•Jse Balkerne HOI Colthester C03 3AD 5 May2026
ATEMEP0F ANANCIALAcnvmES FOR THE YEAR ENDED 31 DECEMBER a125 2024 Total ds Totsl funds funds INCOMEAND ENDOWI*NTS FROM Almshouse acti¥lty 9n Invesbnent in¢ome 5.756 5,176 Total 44617 49.767 44,147 EXPENDIILIRE ON Charttablea¢tl¥lU Almsl¥)use actwity 12.065 Netgalns on investments 3255 200 3.017 NEf INCOME 769 15.1 Otherretaanlsed B•hM/l$S¢s) Gains on revaluation of fixed n2 722 19.210 14et In funds 37J27 91 34,292 REcoNauAIKJN OF FUNDS Total ful brtyjght forward i.U3 824S38 I.891 L103,799 TOTAL FUNDSCARRIED FORWARD 3A77 861665 L138.091 CONnNUIN6 OPEIIAIIONS All inajme and expenditijre ha$8ri5en from ¢onlixtirtBathit. The n(ts5 fonn part0fthe$efincIa1 ststerr
STMARY MAGDALENS HOSPIYALALMSHOUSÉ CHARITY BALANCESHEET I OECfMBER 2025 2025 Totsl fynds 2024 Total fvnds Unrestrfcted funds Re5trkted fund5 Endowment fvnd5 Notts AXEDASSErs r•n8lble asset5 In¥esiment$ 1.012,401 2 121722 9.681 IQO,729 io 181000 861,665 1.134A25 I,¢)80,410 CURRENT ASSETS Débtors Cish It bink li 2A27 4,011 74 83 56.825 440 76.810 fy)36 CREDITORS Amounts f•lllnidu• vlthln on• vèar 12 13,J531 15JSal 13,1551 NETCURRÈMfA55eTS 73m7 73 TOTAL Assrfs LESSCURKNT UAeiLITIES 163.477 86L665 1,207J82 1,138N91 163.477 192 861665 07 1138 091 FUNDS Unrtsrrlct•d lunds Restrlcted funds Endowment fvnd5 13 163A77 182,440 131,113 182.440 TOTAL FUNDS 1,138.091 The fin•n¢lal $tat•m•nts wer• approved by th• eo•rd of Trustees ind authorlsed forlssue on 2 May 2026 and were $18ned on its beh•lf by.. S Scott Trustee E Bull Trustee The notes forn) part of these nnanclal statements
MARYMAGDALENS HOSPITALALMSMOUSE CHARITY NOTES TO THE FINANCIALStATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 TrANSFER OF ENGAGEMENTS On l July 2023 the attlvlties. assets and Ilabllltles of the St Mary Ma8il&len% Hospltal Icharfty Reglstratlon Number 257508lwere transferred to thls Charlty. ACCOUNnN6 POUCIES a51sof preparfnqthe flnarKlal statements St Mary MaBdale#'s H05Pital Alm5hou5e Charity is a tharitsblE incorporaied or8aAiUtion in En8land Ilmited by guarantee. The tharlty Is n¢X belng wound up. The addre$$ of the re8lstered Offi 1$ 286 Mersea Road, Cokhester, C02 8aY. The fInala1 statements of the charlty, whlch 55 a publi¢ benefft entlty under FRS 102, have been pPared irt a(rdance wlth ihe Charlfie$ 50RP IFRS 1021 'AccounUn8 and Reponin8 by Charl¢les'. Statement of Recornmended Practlce appllcable to charftles Prepar1 thelr accounts In accordance wlth the Flnandal Reporting Standard applieable ifi the UK and Republic of Ireland IFRS 1021 leffectlve l January 20191,. Nt)andal Reporting Standard 102 The Flnancoal Reportlng Stsndèrd appllcable In the U% and RepublKof Ireland, and the Charities Art 2011. For the purF05es of pre5er%tatlon the flnanclal statements are rounded to the nearest sterlin81£l and ale I(u$ve of Value Added Tax. The financlal statements have been prepared under the hlstorlcal cost conventlon, wlth the exception that hou5inR properbes are Included atvaluatlon and Investfflentswhlch are I[uded at marketvahje. Whllst thls charfty Is a Re8lstered ProvSder of Sockl Houslngi follon@ the Issue of new SORPS lor both Charttles and ReElsterÈd Prwder5. these attourtts are prepared In accordante 1h the appllcable Charlty SORP IFRS 1021 slnce Its prlnclpal actlvltles are not gcverned by the Landlord and Tenants Att 1985 and are for tharitablepurpose Fund accountlnz Unre5trlcted funds can be used In acrdance vAth the charftable oble¢iives atthedkcretlon of thetrustee5. Designated funds are unrestrlcted funds of the charfty whlch the trustees have declded at thelr dlxreuon to 5etaslde to usefor a 5peclfk purpose. Restrlcted lunds can only be used for partlcular restrfcted purpose5 Wthln the objert$ of the charlty. Restri¢tion$ arise when $pe¢ified bythe dottor orwhen funds are ralsed lor partbjlar restrkted purposes. PermanentendowrnentfvJnd5 are nanexpendable funds whkh are Normally held Indefinltety. Further explanatlon of the nature and purpose of eath fund Is Included in the notes to the flnanclal $t•t4mnt$. Goln¢concem The accounts arè kvepared on a ¢on¢m b•sls as ihere are no matwlal uncertalnttes about the Charlty's abllltyto contlnue. Income All in¢ome is reMni$ed in the St•tement of Fin8nclal Attlvltles once the charfty has entltlement to the fvjnds. It Is probable that the thcome wfjll be recelved and the arnount can be measured reliabty.
CHARir¢ NOTESTOThE FINANCiILSTA1EMEPItS.coniknued FOR THE YEPSt ENDED 31 DECEMOER2025 lfiwrne In¢•me from 8o¥emment and other yants rfth'opital' Trnts or'reWe' gran 15 recoBnt5ed when the tharbty hè5 entidemeffl to the fvThAs. any w[oTman conditbDAs attath to the yants ha been meL li is protsab that the inwme wll be recevd and the amountcan be measured reliab and15 not deferred. For legacies. entitlement taken as the earfr of the date on ¥thkh elther. the Chlty Is aware that wobate has been Rranted, the estate has been fifiafed and ha5 txen fflade the exeoJtorlsl to the tharlty that a distriblOn 7ry11 be made, orwthEn a dlsmkn Ls rec fromthe e5tste. DonatloThs and other yo1lary knc(me are rellecthd in the accounts forthe perlod in vthtth thry are received. Dortatlons in kind are re¢Wed by the Charity when retèryed except in the Gl ¢fseNtts provided free or undervalue by¥dvntarystsff orotherswthlth are not rellected In the acctyjrrts. Interest on lund5 held on depoyt15 induded when receivable andthe amount can be meawred rel41b by the Charity.. this is nobltation of ts interest paid or p•yable trTthe ExpendKurt abilities a re¢o8nised as ewdthre a5 as is a legal c4%4tnJrfi¥t obliBa¢bM tommitUn8 the ¢h•rity to that expenditure. it is wob¥We that ¥ transfer of eEofKJrnrr benfft5 11 be requId In Settlent and the amount of the OblatIOn can be measured relvabty. ExpeThIUre 15 ac£ounted for on an XCDJals ba51s and has been dassw under headings that a£1¢ all ¢tsst related to tl r4tetory. WTr ¢osts cannot be dIrett attble to P3rtkn1ar tradI they been ald to a£¥e$ on a basts conststent Iwth the useol resour¢es. The thar8es In the Statement of Finan¢i•l Ackntles in res of Cydlcal MaIntenare and Extraordinary Repalrs reflect the Trustees. constsTht concem to keepthe rffOPeres In good condltloTh, Ij are in acwrdan¢e th the Atmshouse kno¢iations' recomrnenda that AnSh(se awr1 should set asbde eath year Specific 5urns in respEcL Transfu5 are made from the Re¥Ve Reserve eKh year to the Extraordlnary Repalr Resett to tover extraordinary repairs as arise ahd to the Cirlical maIntenan Reserve to cover rep31rswNth ariseon a cydcal b751 Supportcosts The Charity'$ g¢Y4Wrt• ¢osts ¥¢ alknr•ted erfirdy to the Almshw Costs slhce pport ¢osts rebdn8 t¢) otheractwttie5 are (onslered Immatwial. H•yJsln¥ PrtIeS The hou%ng proFertie5 are IIKIled kn the accounts at I1r tn5uTrrKe re1rlstat vak. AddlIonS after ¢h revaluatithi lie in¢kthlatcost until i fvrtherre1alu•affi. The houslng propwtles are not depredated as revaluatvjns are petsmed wlth suffident re8uladty to en5urt th•tihe ¢affOng4mounts ¥e tiotm•terHIty m&st¥ted. The cost of refuvb&hment and Improments to the propty are twrltie) off to Re4enue ReseThe as In¢wrred. Any major 1my0b¢nts orexten$ionstothe proFerty •re¢apltalised.
ST MARY MAGDALEN'S MOSPLAt5H0uS£ CHARIIY NOTESTOTHÉ RNANCIALSTATEMÉPnS-eoMUnued FOR THe YEAft ENDED 31 DECEMBER 2025 ACCOUNTING POUCIES- tontinu IrwoStmer Investments ore Shown on the Balance Sheet at thelr market volue. thanges In makn value durln8 an accountlnE perlod are reflected In the accouThts as unrealisedBalns or Ios5e5. Upon disposal of an inve5trnent the dlffeience betwee# ori8lnal wst and dlsposal proceeds Is refle¢ted In the accounts as a reallsed qoln or195S and an adjustment Is made to unreallsed Balns or losses to reverse unrealLsed movements In value In earller years. Oebtors Contrlbutlons and other debtors are recognlsed at the settlement amount due. Prep3yments are valued at the mount prepaid netof anytrade discounts due. Cash and bank arml hand Cash at btnk and cash in hand Include5 Cash and short teTm hlghty Ilquld Investments wlth a short matuwlty of three months or less from the dateol acqulsltlon or openingof the deposlt or slm51araccount. Credltorsand pM¥tslons Credltors and provlslons are re¢oBni5ed where the Charfty has a presen¢ obligatron resultih8 from a past event that 11 probably result In the transfer of funds to a third party and the amount due to settle the obliBation can be rneasv¥ed or estimated reliably. Creditor5 and provislon5 are normally reco8nised at their settlement amou)t. Ananclal Ii)sirLiments The Charityonly has finandal assets and flnanclal Ilabilities of a klnd that quallfy 85 basic flnandal Instrunnts. 8asi¢ finan¢ial instruments are initially recogfii5ed at transartion value and subsequently measured ai their settlement value. Taxatl The charlty Is exemptlrom tsx on Its charltable actlvltles. INVESfMEIITINCQME 2025 2024 Charifund Incorne dividends Accumulatlon share dividends re¢eNable COIF deposit account 3,365 142 756
STMARY MAGDALEN'S HOSPbTAL ALMSHOUSE CHARITY NOTESTO7HE HNANCIALSYATÉMENTS-continu¢d FOR THE YEAR eNDED31DecEMBER2025 INCOME FROM CHAArrABLE AcnvmES 2025 2024 Almshouse a¢tNIty Contributlons rece¢ Less voids 4411 41.230 2,2591 oll 34971 CHARITABLEAcnvmES COSTS Olrert Costs Isee rtote 61 Support costs (see note 71 Totak Almshouse actIty 17.152 1&046 24198 DIRECT C0STSOFCNARAaLt ACTNMES 2024 Vatsnt property¢harge Rates and water Imsuran¢e ght and heat Repairs aTrd maintenarKe Cy<lical repalrs Extraordlnary repalrs GaTdenin8 Careline 5undryeipenses Cleanlng 236 31 1,282 629 4.184 2,719 5,218 L159 714 3856 2.311 2.567 2,370 620 652 20.421 -iO-
ST MARYMAGDALENS IIOsPITALALMs£ CHARI FOR ThE YEAR ENDED 31 DECEMBER 2025 M•naBement ¢os Totals AlMshse acllY sup[ costs. knthed In th••b. ar•as Idl¢y5: 2014 Almshouse actmty Ajmshouse Clerks fees 5ubs¢rlptlor IndependentexaMln•()n1ès A<¢ountintyfe•s Leyl •Ad wofusbw•l fms 9019 6.374 L428 ThUST£ES' AEMUNEIATION AND8£IFITS There were no trustees, r•ThUrOn or beneffts for th• errfled 31 Oe¢ember 2025 rK)r for the fftr ended 31 Decwnber 2024. Tr1¢¢%. expenms There were no tnut••s' •xpMs•s plld for th• ye•r ended 31 O•¢•mb•r 2015 nor frK the year ended 310ecember202 TAMGleiE FIXEDASSETS Houslng opertles cosroR VALUATION At ljanuwy 2025 RevIall0n$ 979MI 31722 At 31 December 2025 NEfBooK VAWE At YI De¢•mb•r 2025 At 31 Decmber 2024 979,681 -iJ.
ST MARYmAGOAL.SHo5P[rALALm5H0u5E CHA NOTEsfo ThE AP4ANaALsfATEMEPlIS.cortlrAd FOR THE YEAA ENDED31 OECfMBER2025 TANGIBLE HxeDASSEtS.wnlknwd Cost or valuatlon at 31 Oe(ember 202515 rewesented trr. Houskn8 propertles cumulated revaluation Ealn5 1.012A03 The knv5ing propul5 are stated 3tvaluath)n. bein8 atthEwin5urnrKe rdnststemEnt7rdlut at 30June 1025 of £11203. thetrwees tonslw to bethe¥alue¥ at 31 Detanber 2025. AXED ASsEr4E1ns listed Inve5tmeThts MARKET VALUE At l January 2025 Additions ReVaatIOnS 5.793 15.200 At31 (lecember2025 NET 8OOKVALUE At 31 OKember2025 At31 December2024 11)J.729 There vme no in%%stNt?s$etsoytslethtu Cost4ywéluatw)n4t 31 Dt¢tytyber2025 is rewe$ted . A¢¢umul•t•d rffdluationRains 45.259 76863 -12-
NOTESTOTHE FINANaALSTATEMÉI1ts-fttInued FOR THE YEAR ENDED 31 DECEMBER 2025 ii. 2024 (tribln$ in arrears Prepawnents and accrued IrKome 77 3,443 4,011 CReDifoRS: AM¢XIPITS FALLING DUE IlhTHN IJIE YEAR 2024 tributions retrThd In advan AttruaL% and dtferr¢d irKome L310 1.845 3.155 MOVEMEKf IN FUND5 Net TransfeTS At 1.1 In hjnds fvnds 31.1125 Unr•strkWfunds 18.7741 3.912 Fra0*ryRep111 al maIntenan Rese 91971 Restrfrted furMIs Social Hous1 Gram Fwd AnnN•rsaryCelebrntion Fund EThlowmentfvnd5 Housin8 Property Revaluatkn ReseA Permanent ErKl¢Yrnt 34722 679581 177M9 37.127 861h65 TOTALFUNDS 69A91
ST MARYMA60ALEN'SHOSPITALALMSHOUSE CHARITY NOTESTQ THE FINANCIALSTATEMENTS-¢ontlnued FOR THE YEAR ENDED 31 DECEMBER 2025 MOVEMENTJN FUNOS-contlnued Net movernent In fttnds. lnduded In the aboveare asfoll¢)W&' Incomin8 re50ur¢es Resources expended GaIand 1055e5 Movement in funds Unreslrkted funds Revenue Reserve ExtroordiThBry Repalr Reserve clICal MalnIenae Reserye 47,886 1210501 434 2.204 9.a07 25?70 1606 329 5.1481 48ts17 14198) 11.945 32364 Endowmentfunds Hou5inE Property Revaluatlon Reserve Permartetht Edov*eht Fund 32.722 3255 31722 4.405 i.0 L150 35.977 37.127 TOTAL FUNDS 49.767 28 1981 47,922 69N91 Comparatlvesfor mo¥ementln fuk Net movemerbt In funds Transfeys betsveen fvnds At 1.1.14 31.12.24 Unre5trlcted fund5 Revenue Reserve Extraordinary Repoir Reserve Cyclical Malntenance Reserve 21,944 15.996 80,085 19.9(18 14,3321 12.4881 19,7081 32,144 IS.348 83,621 6.024 118,025 13,088 131,113 Re51rlrt8dfund5 Sodal Housln8 Grant Fund 9(#Jth Annfversarycelebratlon Fund 182.000 182A40 182.440 Endawmenttunds Hou51ng Property Revaluatlon Reserve Permanent Endowment Fynd 627,649 175.685 19.210 646,859 177,679 803,334 21.204 824,518 TOTAL FUNDS 34,292 1,138,091 -14-
ST MARYMAGDALEN'S HOSPITALALMSHOUSE CHARITY NOTESTon+E Af4ANUALsfA7EMENfs.n1{1Xd FOR THE YEAR ENDED310ECEMBER2025 MOVEMENfiN FLfflDs.rtkned Compar4tt¥e net mtr4errt In fvnds. knduded In theaboveaweasfolby•th' Gairfj ar Movement in funds expended Ree Reserve Extraordtnary Repair Re5er¥e Cyclical MalttteThae Reserve 41478 1225951 ISJ181 14.2691 14.3321 12,4881 292 43.126 132m21 13,088 Endowmentfvnds Housing PropertyRevaluation Reserve P¥manent Endowment Fur¥1 19.210 973 19.210 i.oii 1.021 21.204 TOTALFUNOS 44.147 32.0821 22.227 34,292 Pemmneni EndthUt Ftsnd The Permaneni Endowffnt Fund represents the c<15t ofthe I51n8 w(yerties financed the aurlty's O Houshy PMpertyRevdkAtlon Resera The Nouslng Property ReValuatn Re5erw 15 wmlnent erKkn¥nnent of the Charity and reF¥esents the SUTpIu5e5 on revaluatlon olthe housinE propertie Sts¢kl Fund The Soclal Hou&n8 Grant Fund isa restritted fund and rewesents ihe 8rant fÉreW of £182,(1 ffjnnecb( wlth the buildin8 ol the howlry wotrtsesdurItheyeareThled 31 December 1994. 900th AnnlversaryCelebTrthJn Fund The fund represents donations rEcv¥ed toassistfinaKethe Ch•rit¢sgXth •)nP4ersarytelebrat(rfy e¥ert. The Extraordinary Repair ResthE15 an unrestricted fithd designated by the Trustees f£fu0 m•lL¥ rep•lrs to the Charivs hou5in8 pmperbes. A trareT is mado from the Re¥tnue Resen eath year to the Extraordinary Repalr Reser. thls b 4 spÈdftt amotsrt as a8réÈd ty thè Trustees ead) year and Is IndUse of Income attiibutabletoinbsted hJnd& The Fund 15 SPfiCal invested. Cydtt•l MaInt(e Re5er¥e Ihe Cyclical Maintenantr Reserye Is Unres1rfrt fpxhj desVted ty theTrustee5 for fvture 1¢11 rtpairs to the Charfty's houslng propertSÈs. C71thal repalrs ¥e those repalrs to the almshouses whlch adse Infrequently suth as redeCoratn and a150 the replatèment of white gtyJd& A transfer Is madÉ from the Revenue Re5er¥e eath year to the CK31 Maintenae Reserye. th is a speufic arrK)unt 05 agreed by the Tntee$e year and ts in(knOf1CmeèttribUtsb1et0 ih*sted fvnds. The Fund ts spedficalty Invested.
ST WIRY MAGDALENS HOSHTALALM5NOUSE HARIIY NOTESTOThE FINANQALsfATEMEIIts. ¢tyllDiyed FOR THE YEAR ENDED 31 DECEMbER 2025 MOVEME1 IN FU140S.c0nthid Bulkllng Fund Reser4 The 8uihliry Fund ReseNe is ah Unre#rItt ([ dtswated lry the Tntstees to make woviyon for new o¢crynrnodation for the benefi031 dass ol ihe tharity in the fUre. A transler ts made from the RoTrue ReseNeeath yearto the Buildiw Fund Reserve, this is • speoficant3s3greed by theTrustees eathyear. The Revenue Reserve rewewts a¢tymul•d Surp1 Lrftht (JwrityarKI i5wre5trKled ar abpiLHble fry the 8eneTrl purp)5e5 ofthe Charlty. RELATED PARTY DWOSURES There vMe no reled p•rtytnhSaaw for tsye¥rended 31 Dember 2025. -1
CHAR DETAILED sfATEMEPUOF FINANaALAcrvJmES FOR THE YEAR ENOED310ECEM8ER 2025 2025 2024 INCOMEANDENDOWMENTS In¥es¢ment IrKom• Charffvnd Inco dIdendS Accumulation share dividends COIF dÈpoth acc¢)unt 3,365 1.669 142 5.176 (harltsble tht5 contribuOn$ receNable 44mi 41.230 2.2S91 38.971 Trtal In¢Ohry 44,147 EXPENDMJAE Vocant property charBe Rates and water Insurance U¥ht and heat Repairs ar mairtenance Cydlcal repalrs Extraordlnaryrepalrs Gardening CardSne Sundryéxpenses Cleanin6 236 31 1,282 629 4,184 2.719 5,218 2,Ik)6 2.370 724 2AII 652 17.tsl 20,421 Support Clts Managerne aerk5 fees bsulptlons 6.374 351 6.757 Governance rosts Independentexamlnaiioh fees AccouThtsncyfees Le8a and wofesswjnal fee5 1.428 32,082 Netin¢ome 12.Q65 This page does rh)tfO partolthestabjtoryflnandal staiements -17-