REGISTERED CHARrrY NUMBER: 1167024 Report of the Trustees and Una_udJLed FinaLcial St tements fo. r the Year En The Jarvis E na Chari T1 Wfdgery Accountanry Ltd Chartered Accc4Jntants 2 Wyevale Bu%ness Park Kings Acre Hereford Hereford5hire HR4 7BS
The kni5 E[eemoa CharJi '. Contents of the FlnancTal Statements for the Year Ended 31 December 2014 Rep(wt of the Trustees Inthpendent Examinefs Relrt Ststet of FinarKial Activi Note5 to the Flnanclat ststements 8 to 15 Detalied Statement of Finandal ActivSties 16 to 17
The Jafvis Eieem ry£.harit Repo_rt of Trustees The tru5tee5 present their report wSth the financial statements of the charity for the year ended 31 December 21T24. The trustees have adopted the proYi5ions of Accountirp4 and Reporknng by Charities." Statèment of Recommende<l Practice applkable to ChllieS pParing their account5 in accordan wEth the Financial ftepDrting Standard applicable in the UK and Rewblic of Iand IFRS 1021 (effectNe 1 January 2019). The Charity ts a Charlrable Incorwated Organisation ICIO). It was established on 10th May 2016 to take forward the work of the Unincorporated Assoctation (registered charity number 2091971. Hlstory The Eleemosynary charity has evolved from a charity first set up using the money left by George JaTris {1704-1793I to help the poor of Bredwardine. Staunion.on-Wye and Letton. The charlty was started in 1803 provld5ng help dur1ng Iline55, and food, IltIng, clothes and education for the poor of the parishes. In 1852 the Jarvis Charity Act allowed the TrLtstees to purthase land for the buildfing of infant schoots in the three villages and also a boarding schcK)i In Staunton-on-wye. As well a5 the schools, two b[$ of ALmshou5es were built in 185819 on (and acquired when planning the building of the boarding school. In 1904 the Chlty wa5 split into the Jatvis Eleerrwary Charity and the Jarvis Educational Ftyjndatlon Charity (its relatsd charftyl. The Jatvis Eleem05ynary Charity covers all nonducational aims of the original ¢harity. which included nning the aLm5hou5es. In 1982 the Charity Cornmissioners created the Jarvis Recreational Charity to be administered by the Trustees of the Jarvis Eieemosyrtary Charity. On 31 December 2016 the charEty traferred Itl assets and Ilabilitle5 to a Charttable Incryated Organisatlsjn ICIOI to continue the actfvitle5 of the charity. On 31 December 2019. all attivitie5, a55ets and liabilities of The JaNis Recreational Charity were transferred to The Jarvis ELeèmosynary Charity by a Vest4n£ DoturrLent, the objects of the old charfty are 5ncluded within The Jarvis Eleemosynary Chatlty. OBJEcfwES A14D AcllviTIES ObJective$ and alms The objectfves of the dkrity are". 1) The prevention or relief of hardship or distrvths in the villages of Bredwardine. StrtOn.0n-wYe, Letton aEKI districts of njral North and South H¢[0rdshIre Tfb particular but not exclusively by provldSng- JaNis Eleemosynary Charity owned Alms-houses. and managing them to be let (for a maintenance fee} to persons in need. one.off grants, items and sery5ces to indivtduais in need andlor charities, or other orBantsatiu)5 worklng to prevent or leve need hardship or distre5S. c) The proYi5ion of grants for charftable reational purposes. Prifftarily, tsjt not exduslvely for the benefit of the inhabitants of any of the parishe5 of Bredwardine, Staunt¢)n and Letton. bl The EleemO5ary Charitys maln activfty 55 the rwnTng the almshouses. whkh Is dtsne on a day-to-day basis by the Clerk arKI those of the Trl with suitable expertise to advise her. In 1995 major repalrs were carried out to the Almshouses operties. These were financed by grants from Le0rn7n5ter Distrirt Coundl and a loan, which wa5 paid oft in 21J05106. The almshouses were converted into 12 single 5torey one-bedroom units. A programme of modemi5ation and refurbishment was started in 21)20 and completed in 2023 supported by a loan from the knociation of Aimshou5e5. Public13ehefit In draftirtg th55 report. the Governors have ¢ornpiied syith the duty In Section 4 of the Charities •lct 2006, to have due regard to publk benefit guidance published by the Charity Cornmission. ACHIEVEMENT AND PERFORh14NCE Dudr4 the year the tharlty finalld the refurbishment of the almshouses. the past five years all twelve alm5hou5e5 have been treated for damp. repainted and had new kitchens, bathrooms and carpets fitted. An interest free loan of £50, from the Assoc5ati(M) of AlmshrS was secured in 2023 to supwt the refurbT5hwnt. The total cost of refurbi5hmeftt of the aim5houses was £333.000. Pase 1
Re.0f the Tru5tee5 for the Year Ended 31 December 2024 FINANCIAL REVIEW Financlal p051tlon The results for the year and flnanckal pos7tlon are set out in the Statement of F7nancial Activfjties and the Balance Sheet. Total incoming resOUe5 were [60.308 12023: £53.973} . Resources expended were E61,299 12023: E101.596}. Net expenditure for the year before gains and los was E991 12023: £47,623 net expdItUre1. Net assets amounted to £567,801 fL023: £546.892}. Principal fundlnE sources The princTpal funding Source of the charity TS the licence fees r)Ved from the resrdents of the Almshows, along vith dlvlderbd ar interest income frcm the imie5tments. Investment pollcy and ob5ectlYes Fund5 held for the long term are classified o fTxed assets. Jts disclosed in notes, investrnts are heid as approprlate in COIF Charities InVestMt Flu Irorne Units. COIF Charities Inyestment Fund Accurwtation Unit arKS BreY•7n Dolphln portfolio. Reserves pollcy The Trustee5 review the p)licy on reserves and set targets at least On per annum w7th referen to the guidance and tsrminology publTShed by the Charity Commission. The pAicy is also revievd, when warranted by changes in r5sk assessment or buslness plans. At the balance sheet date -free reserves" were £126.936 12023: £109.2801. Thè charity generally alms to hold sufflclent Yree reseNes- to enable it to meet experted expenditure commltments over the foreseeable futwe. Material investment During the year Share dispDsais resulted in proceeds of £45.001 12023: E96.903) new investment wfftha5e5 amounted to £55.43312013: £48,401). Investment performance During the year the doslng maret valL of investments had in¢rea5ed by 11.4% (2023: 7.29% reductfon.) FUTURE PLANS The charity plans to manage and maintain the Almthou5e5 in 2023. There are no plans for STgnificant exPdItUre and the tnstees intend to rebulld the charitys resee$ In the immediate fLEture. charity will continue to fulf71 its objectives in the future. SThUCTURE. GOVERNANCE AND IA4NAGEMEMT Govemlw document charlty ts contnAled by its governing document, a deed of tW5t arKI 15 a Charftable Inccwated Organisatfon Page 2
The Jarvil ElwN)sJnary Charity foLthe Year Ended 31 December 2024 STrUCTURE. GOVERNANCE AND IAANAGEMENT Rèerultment and appolntment of naw trusteés The board conslsts of up to 17 trustees. 7 Nomlnative Trustees - 3 appolnted by Wye51de Parish Councll. 3 appolnted by staunwn-on.wye Parish CowKII, and 1 appointed by Klnnersley and District Council. 8 co.opted Trustee5. each appolnted for a term of 5 years. 2 local clergy as ex.offiao member5 - the Rector of the Parish of Bredwardlne wlth 6robury, and the VTcar of the Par15hes of Staunton.on-Wye and Letton. At the year end there were 9 trustees. 2 nomlnatlye trustee on behalf of Wyeslde Padsh Cwncll and the posltlon for the Rector of the Parish of Bredwardlne with Brobury were Wdcant . co.opted Trustee5 are people who by resldence, (Kcupation or employment. have SPLxlal knowledtr of the area in which the parlshes Ite. Trustee5 are provlded wlth the constltutlon of ¢harfty, a map of the properti held. When approprlate, they are taken to visit the almshtyjses. Trustees are encouraied to attend approprlate courses. Orqanisattonal stra Four quarterly ordtnary meetlngs are held each year. At the flrst ordlnary meetln8 In each year the Trustee5 elect chaImn for the year. The chalrman Is alv4ays ell#lbie for re•eLectlon. A speclal meetlng can be summoned ai any tlme by any Trustee. The quorum Is two charfty trustee5, or the n{ber nearest to one thlrd of the total number of charfty trustees. vthlchever15 Rreater. Every matter is determined by the majority of the vote5 of the Trustees present and votin8 on the questi. Each Trustee has one vote, and the chalmwn has a casting ¥ote. Declslons such as authortsln8 emergency repalr5, vansferrln8 rrtonles from reserve account to current accnt or vice-versa, TespondTn8 to routlne correspondence arA deallnl wlth almshouse residents. enqulreslproblem$ are taken by the Clerk If necessary confefrlng Ylth the Chairman. R•lated partles The Jar$ Educatlorial Foundatlon Is a related ¢harlty. Procedur•s and pollcy for seltIng tenants A rtice of an exlsting vacancy specifwnq the wallfications required from appllcants ts publlshed by Local advertlsement. All appllcants for appolntment Shall be made to the Trustees or their Clerk In such manner as the Trustees <Mrect. Belore apwjlrbtlnq any applicant to be a resldent the Trustees shall require hlm or her to attend person unless he or the is physically disabled or the Tru$tees are the oplnion that special circumstances render thi5 n[CeSSary. An applicant may be requlred to supply ewdence of his or her quallfication for appolntment. Resldents thall be selected only after full Investlgatlon of the suitablllty and clrcumstarw ol the applkants. Every appointment of a resldent shall be made by the Trustee5 at a special meetlng. Three r*w re51dtnts were app)Inted duMn8 the year. REFERENCE AND ADMINISTRATIVE DEfAILS Reqlstered Charity number 1167024 Page 3
The jam Eleemosyna_ry Charity ReFort of the Tnjstees for the Year Ended 31 December I4 PrincFpal address Ftintsham Court TItEey Kington Hereford Herefordshire HR5 3RG Trustees RJSkym Mrs J Maddis Mrs A Andrews M Powell N Sellar E Pearson-Gregory A Johnson S Vlllllan J Warman {resigned 21.10.241 Rev P Harvey A Owen {appointed 14.4.25} Indedent Examiner Thome Widgery Accountancy Ltd Chartered Accountants 2 Wyevale Business Park A¢re Hereford Herefordshlre HR4 785 Approved by order of the Ih)ard of ttee5 on .......................... ,................. and 51gned on its behalf by: fvJlP- R J skrne . Trustee Page 4
IndJe endent Examlnerfs Refft_to the Trustee5 Of. The Jarvis Eleechari Indepen(knt ¢xamlner's report to th¢ tntstees of The Jaryis Eleem05ynary Charity I report to the chadty trustees on my examlnatfon of the accounts of The Jarvi5 Eleemosynary Charfty (the Trustl for the year ended 31 December 2024. Rèsponsibilities and basis ol report As the charity trustees of the Trust you are respsIble for the preparation of the acc(JJnts in accordafKe with the rewirements of the Charities Act 2011 (the Act'l. I report in re5pett of my Examination of the Trusrs aCcOts carrEed out under Section 145 of the Act and in cang out my examination I have followed all appllcable Directions given by the Charfjty Commission under Section 14515llb) of the Independent examlner's statement I have completed my examination. I conflnn thèt no material mattsrs have come to my attentlon In connection with the examination ging me caw to believe that in any material respect: accountlng records were not kept in respeEt of the TTU5t 45 required by Section 130 of the Act; or the accounts do rt accord with those records; or the accounts do not comply with the applicable requirements conmIng the fomi and content of accounts set out Fn the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts glve a tnje and fair vlew which 15 not a matter considered a5 part of an independent examination. I have no concems and have come across no otr matters in tonnectlon wlth the examlnatlon to whith attentlon should be drdwn in thi5 Port in order to enable a proper understanding of the accounts to be reached. Mrs Lisa Weaver FCCA Widgery Accountw Ltd Chartered Accountants 2 Wyevale BUS1rSS Park Klngs Acre Herelord Herefordshire HR4 7BS Date: .... Pase S
The Jwvis Eteemosynary.Chthty Statement of Financial ActsWt5 for the Year Ended 31 Decemter 2024 31.12.24 Total furK15 31.12.23 Total fund5 Unrestrlcted fLKnd Restr?cted fund Endowment fund INCOME AND ENI)OWMEprrs Charitablè activitiès 54,729 54,TL9 48.179 vestment Income 5,579 5.579 5,794 Total 60,308 60,308 53,973 EXPENDtTURE ON Charitable activitie5 Residents expenses 41.909 410 18.980 61.299 101.596 Net gain5 on investments 10,948 7.958 2,994 21,9Tr) 27,481 NEf IP4COMEIIEXPENDETURE 29.347 (15,9861 20.11 (20.142) RECONCILIATION OF FUNDS Total funds brought folward 315.OZ6 27,878 103.988 546.892 567.034 TOTAL FUNDS CARRIED FORWARD 344.373 35.426 188.002 567,801 546.892 The notes forni part of these financial statements
The JaNSs Eieem rit BaiarKe Sheet 31 December 2024 31.12.24 31.12.23 Notes FIXED Assrrs Tangible assets 210,981 378,063 237.600 348.191 589,044 585,791 CURRENf ASSErs Debtots Cash at bank 1,915 19,618 1,334 7,571 27.543 8,905 CREDoR5 Amounts fallln4 due within one year 10 18,661) 18,429) 12.882 476 TOTAL ASSETS LESS CURREKf LIABILITIES 601,926 586,267 AmiAmts falling due after than one year 11 134,1251 {39,3751 NEf ASSErs 567.801 546.892 FUNDS Unrestricted fund5 Restrirted flmds Endowment funds 14 344.373 35.426 la8.)2 315,026 27,878 203,988 TOTAL FUNDS 567.801 546,892 The flnandal statements were approved by ttte Board of Trustees and aLrthorised for 155ue Zoif and were signed on Its behalf by: R J Skyrme . Trustee The notes form part of these financial ststements
The Jarvts Eleemch.arfty. Notes to Flnancial Statements for the Year Ended 31 DThber 2024 ACCOUKtING POLKIES Basis of preparlng the flnanclal statements The flnancial statements of the chartty, which is a wbllc benefit entity under FPS 102, have been prepared in aCCordare with the Charitie5 SORP {FRS 1021 'Accounting and RertIng by Charities: Statement of Recommended Prartice applicable to charftfes preparing thelr accounts in accordance with the Financial RepDrtlns Standar applicable in the UK and Republic of tland {FRS 1021 {effective 1 January 20191.. FinanciaE lieporting Standard 102 The Financial Rewrting Standard applicable in the UK and Republic of Ireland and the Chartties Act 2011. The financial sratements have been prepared under the historical cost convent70n, with the exception of investments whlch are Included at market value, as modifled by the revaluation of certaln a5set5. Golng Concern The trustee5 assess whether the use of going concern Is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast signifTcant doubt on the ablllty of the company to coritinue a5 a golng concem. The trtee5 make thts as5es5fnent in respect of a period of at least one year from the date of authorisation for issue of the financial Statements and haye concluded that the company has adequate resources to contlnue In operational existence for the foreseeable future and there are materiai urrta1ntfe5 about the char6Ws ability to continue a5 4 going conrn, thus they continue to adopt the going concem basis of accounting In preparing the financial ststements. Income All tncome T5 recogni5ed in the Statement of Financial Activitie5 once the charity has entitlement ts the funds. it Is probable that the Income will be receTved and the amount can be measured reliably. LiabilTtie5 are recogn15ed as expendlture a5 sIM)n as there Is a legal or constructlve obligatlon tommTttlns the charlty to that expenditure, it Is probable that a transfer of economic befItS will be required Tn Settterrt and the amount of the obllgation can be measured relTably. ExperltUre Is accounted for on an accruals bo515 and ha5 been (lafflert under headlngs that aggregate all cost related to the category. Where costs cannot be directly attributed to partKuLar headings have been all(ated to activitie5 on a basis consistent with the use of resource5. Grants offered subjett to conditiors whlch have not been met at the year erKI date are noted as a comFnitment but not accrued as expenditure. Tangible flxed assets. housirw and non-houslng property AU hou5fng propertles are stated ai nominal valu¢ wlth property fjmprovernents shown at C05t. Housing properties are regarded as fnalienable a55ets. forming part ot the endowment furKt. No depyeciatkn has been charged as the resldual value of the assets are considered to be more than the nominal value. Investment land Is stated at noTninal value and forms part of the end0wmt fund. In accordarKe with relevant accounting I7$1atIOn, land 15 not depreciated. In accordance wfth relevant accounting legislatfon, property improvements are capitallsed and depreciated at a rdte estimates to writÈ off the c05t le55 residual value over the expected usefvl life. The rates applied 19 2% and 10% on cost. Flxture and fttting5 are depreciated at the rate of 1trA on c05t. TatiOn The charfty is exempt from trx on Its charStsbie actiYitie5. Fund acco5n8 The unrestricted fund 15 maintained for the day to dty runn7ng of the charfty. Page 8 contln¢Jed...
The Jaryts El Note5 trj the Financial S tements . contlnued for the Year Ended 31 December 2024 ACCOUNTING POLICIES- continued Fund accountln8 The restricted fund Is held for the Pur of funding major repair wor The endowmt fund consists of 12 aimsFKwses. a plot of land and investments held in a Brewln Dolphin portfoilo. Fixed asset investments Inve5tJnents are stated at market value as at the balan sheet date. The statement of finandal activities include5 the net gains and losses aris8 on revatuation and disposals throughout the year. Gain5 and105se5 All gaTns and losses are taken to the Stateynent of Firyoncial Activities as they arlse. Realised galns and losses on Investments are calculated as the difference betNeen SP41es proceed5 and opening market Vali (purchase date If later). Unreallsed gains and losses are calculated as the difference between the market Value at the year end and opening market value {or purchase date If Later). Reali5ed and unreallsed gains are not separated in the Statement of Finanaal Activities. Debtors Trade aE)d other debtors are recogni5ed at the settlement amount due after any trade di5cwnt Offed. Prepayments are valued at the amount prepald net of any trade discounts due. Cash at bank and in hand Cash at bank and cash In hand includes cash and short term highly liquid Investments with a short maturity of three rnonths or less from the date of acqul$itlon or openTng of the deF¥)Sit or $1mllar account. Creditors and provisions Creditors and provtsions are recognlsed where the charity has a present obligation resulting from a past event that 11 probably result in the transfer of funds to a third party and the am¢)unt due to settle the obllgation can be sDea5ured or estimated rellably. Creditors and provlslon5 are nonnally recogntsed at their settlement aFThwnt after allowing for any trade discounts due. INVESTMENT INCOME 31.12.24 Total funds 31.12.23 Total funds Unrestrtcted funds Restrfcted EFKlowment fvnds L)ividend Income 5,579 5.579 5.794 GRANTS PAYABLE 31.12.24 31.12.23 Residents expenses 6,912 7,240 The totsl grants paid to Instltutlons during the year wa5 as follow5: 31.12.24 31.12.23 Grants to Instltutions Page 9 Ct)ntimd...
The JaN55 Eieemowary Charlty Note5 ts the Financial Statements- continued for the Year Ended 31 December 2024 INDEPENDE1 EXAMINERS. FEES Fees payable for irtdepe examination fee5 amount to £2,895 for 2024 arKI £2,754 for 2W23. TRUSTEES. REMUNERATION AND BENEFrrs There were no tnstees. reMleratIon or other beneffts for the year ended 31 December 2024 nor for the year ended 31 t)ecèmber I. There were tntstees. expenses pald for the year ended 31 December 2024 nor for the year ended 31 DeCeMr 2023. COMPAIiITIVES FOR THE STATEMEiif OF FINANCIAL ACTivrriES Unrestricted fund Restrfcted fund ErtdOt fund Total fund5 INCOME AND ENDOWME[5 FROM Charitable aciivitles Resithts expenses 48.179 48,179 InYestmen¢ income 5,794 Total 53,973 53.973 EXPENDITURE ON Charitable artlvltles Resldents expenses 82.867 18.729 101,596 Net gafns on investments 8.270 15,448 3.763 27.481 MEf INCOAIEI(EXPENDrruRE) 120,624) 15,448 {14,9661 120,142} RECONCILIATION OF FUNDS Total funds brought forward 335,650 12,430 218.954 567,034 TOTAL FUNDS CARRIED FORWARD 315,026 27,878 203,988 546,892 Page 10 contlnued...
The.kni5 Eleenary Charity Note5 to the Flfiancial Ststernents . continued for the Year Ended 31 Decembér 2024 TANGIBLE FIXED ASSErs Improvements to property Fixtures and fittings Almshou5eS Land Totals COST At l January 2024 and 31 December 2024 12 750 306,330 14,704 321.796 DEPRECIATION At 1 January 2024 Charge for year 75,374 25.148 8,822 84,196 26.619 At 31 December 2024 100,522 10,293 110.815 NEf BOOKVALUE At 31 December 2024 12 750 205.808 4.411 210.981 At 31 December 21T23 12 750 230.956 237,6 FIXED ASSEf INVESTMENTS 31.12.24 31.12.23 Shares 251.368 126.695 225,685 122,506 378.063 348.191 Additional InforrnatTon as follows: Listed fnve5tments MARKEf VALUE At 1 January 2024 Additions Di5P05a15 Reval4Jations 225.685 55.433 145,Th)11 15,251 At 31 Decerth 2024 251.368 BOOKVALUE At 31 December 2024 251.368 At 31 Dè¢aDb 2023 225.685 The market value of investments can be analysed as: Held in UK £86,on {2023: £66.Z071 Heid outslde UK £165,296 {2023- £159.478) Page11 continLted...
IDe_Jaryls.EleemosJnary Charity Note5.tottte.ElnancTal_Statements- contlnued Xhe Year_Ended_31 Decen*)er 2024 FIXED ASSEf INvEMENTs. contlnued Cost or valuation at 31 December 2024 15 represented by: Listed Inve5trnents Valuatlon in 21Y14 251,368 Investments Inefther IT5ted nor unltstedl were as follows: 31.12.24 31.12.23 COIF Accumulation Units Capital Account 122.361 4.334 117,773 4.733 126,695 122.506 DEBTORS: AMoui¥fs FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Other debto Prepayments and accnjed Income 1,205 614 1,925 1,334 10. CREDITORS: OUNT5 FALUNG DUE YIIThIN ONE YEAR 31.12.24 31.12.23 Other Credi5 8,661 8.429 11. CREDITORS: AA40ui¥fs FALUNG DUE ArrER MORE ThAN ONE YEAR 31.12.24 31.1Z.23 Other credltors 34,125 39.375 Page 12 contlnued...
Notes to the Flnanci for the Year Ended 31 December 2024 12. LOANS An analysis of the maturity of loans 7s given below: 31.12.24 31.12.23 thounts faliltw within one year on denwld: Other loans 5,250 5,250 mounts faUir4 between one and two years". Other loan5- 1-2 years 5,250 5.250 A)Jnts faulng due two and five yeats: Other loans . 2.5 years 15,750 15,750 AUnts faUin8 due In more than five years: Repayable by Instatmenrs: Other Loan5 more 5yrs instal 13,125 18,375 During the year to 31st December 2020 the tharity secured a £50,(KK) Interest fee loan from The Almshouse knociation which was to be recei1 in tranche. At the end of the financial year 2022 all aviiiable funds had been drawn frofft the loan. The loan is repayable over 10 year5 in 6 monthly inrtalments whkh start 6 months after the last tranche has been reIved, repayments started in December 2022. ANALYSIS OF 14Ef ASSETS BEfwEEN FUNDS 13. 31.12.24 Total funds 31.12.23 Total funds Unrestrirted fund Restricted fund Endovllnent fund Fixed assets Investments 60.391 157.046 130,347 13,411) 150.590 210.981 378. 21,543 18.661) 134,1251 237.6 348,191 8.905 18,4291 139,3751 166.437 (131.011) 22.207 15,250) (34,125) CurreTrt Ilabi15ties Long temi liabilltie5 344,373 35.426 188.Tr)2 567,801 546.892 14. AIOVEMEKf IN FUNDS et movement In funds At 31.12.24 At1.1.24 Unrestrirted funds General fund 315,026 29.347 344.373 Restricted Fund 27,878 35.426 Endowment funds Endowment fur 203.988 {15,986> 188.Tr)2 TOTAL FUNDS 546,892 20.909 567,801 Page 13
rsy.nary Charfty Notes to Financial Statements- confjnued for the Year Ended 31 Decerriber 2024 14. IAOVEME1 IN FUNDS - continued Net moveff*nt In funds. irKEIed in the above are a5 follo". Incomlng Resources expended Gains and 1055es Movement In funds resources Genernl fund 60,308 (41,909) 10,948 29,347 Re3tr1rted funds Restrfcted Fund 14101 7.958 Endowment fvnd5 En(knwment fuThJ {18.9801 2.994 115,9861 TOTAL FUNDS 161.299) 21,900 20.9119 Comparatlves for movement in fund5 Net movement In funds At 31.12.23 At1.1.23 Unre5tr1cted funds General fund 335,650 120.624) 315.026 Restrfcted furtt15 Restricted Fund 12,430 15,448 27,878 Endowment fund5 EndOwnnt furvj 218,954 {14,966) 203,988 TOTAL FUNDS 567,034 (20.142) 546,892 Page 14 continued...
).tes to the Flnanclal Ststements_..(on for the Year Ended 31 December 2024 14. MOVEMENT IN FUNDS- cantlfftued Comparatlve net Movement In funds, InclLthd In the above are a5 follows: Incomlnq resources Galns and 105ses Movement In furids expended Unrestrlcted funds General fund 53,973 182,8671 8,270 120.6241 Resthcted funds Restricted Fund 15,448 15,448 Endowment funds Endowment fund (18,729) 3,763 (14,9661 TOTAL FUNDS 53,973 (101.5961 27,481 120,142) Restrl¢ted funds The fund is held as a major repalrs reserve for the almshouses and conslsts of the Increase In value of the holdlng In Natlonal As50datlon of Almshouse5 Common Investment Fund In accordance wlth the 1982 order and accwiulatlon shares held kn the Charftie5 OffKial Investment Fund. Endowment funds Thè endowment fund consfst8 of e[ve almshauw •t 4 nomin•l v#Lu• of £1 each. aceumulatlon Sharès frt NatlDn•l AssocSatlon of Almshwses Common Investment Fund and a permanent endowment element of the shares In Natlonal As50clation of Almshouses Common Investment Fund held for the purwjse of the major repairs reserve, in accordance with the 1982 order. On 19 December 1995 a pior of land wa5 transferred from the Pools Land Charity. 15. RELATED PARTY DISCLOSURES At the year end £720 12023: £720) was due fmm The Jarvls EducatlorTral Charlty. The Jaryls Eleemosyrtary Charfty and The Jaryls Educatlonal Charlty share common Trustees. 16. GUARANTEES AND DEBT The tru5tee5 conflrm, In Kcordance wlth the Charftabie Incorporared Organlsatlon5 (Generall Reqylatlons 2012, that at year end the CIO dld not have any outstandln8 guarantees to third partles nor ary debts secured on as*ts of the CIO. Page 15