Charlty reglslratlon number 1168780
THOMAS WHITE COTTAGE HOMES (2016) CHARITY
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

THOMAS WHITE corrAGE HOMES (2016) CHARITY
LEGAL AND ADMINISTRATIVE INFORMATION
Trust99S
Mr G Pegg
MrT Horton
Rev RA Khan
Mrs C Maund
Mrs L R&ading
Mrs N Schirrmacher
Ms M Stafford
Clerk
Mr Malford J Harris
Charity numbor
1168780
Prlncipal address
3 Maxiock Avenue
Lichfield
Stsffordshire
WS13 8PE
Independent examlner
Colm McGrory
The Oakley
Kidderminster Road
Droitwich
v￿R9 9AY
Bankers
Barclays Bank PIC
Leicester
Leicestershire
LE87 2BB

THOMAS WHITE COThAGE HOMES (2016) CHARITY
CONTENTS
Page
Trustees, report
Indgpendenl examiner's report
statement of financial activities
Balan￿ sheet
Notes lo the financial statoments
7-17

THOMAS WHITE COTTAGE HOMES (2016) CHARITY
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees present their annual report and financial stslements for the year ended 31 De￿mber 2023.
The financi81 ststemenls have been prepared in accordance wlth the a￿OUnting wlicies set out in note 1 to the
financial slalements and comply with the Charity's governing document, the Charities Act 2011 and "Accounting
and Reporting by Charities: Slalement of Recommended Pra¢ti¢e applicable lo charities preparing their accounts
in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021
(effective 1 January 2019)"
Objectlves and actlvltles
Obje¢tives and aims
The Charity aims to provide in the fourteen flats which comprise the Cottage Homes, accommodation for single
women in need of not less than 60 years of age, with a preference for such women who are resident al the time
of their appointment in the area of the An￿ent Parish of Bromsgrove or who have had a longstanding
commitment to the town of Bromsgrove.
Slgnrficant activities
In planning the Charty's activities for the year the Trustees kept In mind the Charity Commission's guidance on
public benefit.
The focus of the Charity's activities remains the accornmodalion of eligible residents in the Charitys properties
and lo ensure that its flats are maintained to a reasonable standard and refurbished as the need arises.
Volunteers
The Charity relies on the unpaid services of the Trustees.
Achlevemeftts and perfomiance
Charitable activities
The Charity's principal achievement during the year was the completion of ils project to improve the themial
efficiency of ils flats by the inslallalion of UPVC double-glazed wndows lo the main southern elevation of ils
properties. This has been greatly appreciated by residents, reducing noise from New Road and assisting in
keeping flats warm. The condensation caused by the former single-glazed wndows has been considerably
reduced, and there a￿ major savings in future maintenance costs.
The Charity Continued lo improve the gardens and hedges surrounding the Homes, and has started work on
replacing the safety railings trj the front of its properties. It has commissioned a design for them, which is under
consideration. It is also pursuing the restoration of the gales to the properties. which are of historic inlerttst, lo
their original appearance.
Towards the end of the year the Charity commlss6oned a review by a specialist surveyor with a view to
eraLlicaling historic damp problems which have from lime to lime affected the properties. His report has been
considered and his recomfflendations are in the couise of implementslion.
Investmentperformance
The Charity's investment Is ils holding in the M & G Investments National Association of Almshouses Common
Investment Fund. Reserves are placed on deposit with ils bank.
Financial review
Principal funding sources
The Charity's principal source of funding continues to be Weekly Maintenance Contributions made by ils
Residents, supplemented by the income from its M & G investment. The double-glazing project reported above
was, in part, financed by an interest-free loan from the Almshouse Association, the balan￿ being mel by
combinatlon of granls received and ils own funds.
The Charity accordingly acknowledges the generosity of a number of local and other charitie5 who have grant
aided the work mentioned above.

THOMAS WHITE corrAGE HOMES (2016) CHARITY
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Reserves pollcy
The policy of the Charity is lo maintain ils M & G investment unless ils funds are required for and properly
applicable to ils ¢harilable objects, and to hold accumulated cash lo meet costs as they arise. The Charity tries to
maintain a break-even situation annually. Otherwise reserves are applied lo proper charitable needs within ils
objects as those needs arise.
The Trustees have assessed the major Tisks to which the Charity is exposed, and are sallsfied that systems are
in place lo miligale exposure lo them.
Structure, govemance and management
Goveming do¢ument
The Charity is a Charitable Ineorporaled Organisation and is govemed by its constitution adopted on 31 July
2016, as amended on 7 December 2020 to facilitate the appointment of new and additional trustees.
A copy of the constitution is available from the Charity.
The Trustees who served during the year and up to the dale of signature of the financial statements were..
Mr G Pegg
MrT Horton
Rev RA Khan
Mrs C Maund
Mrs L Reading
MTS N Schirrmacher
Ms M Stsfford
Recruitment and appoiTntment of new Trustees
The B¢)ard of Trustees are authoris8d to appoint new trustees lo fill vacancies arising through death or
signalion of an existing Trustee.
Organisational structure
The day lo day management is delegaletj by the Trustees lo the Clerk, who is an employee of the Charity. Policy
and strategic decisions are made by the Board of Trustees at regular meetings.
The Charity provides the services of a part-tsme warden to support Its Residents. A new warden became an
employee of the Charity and look up her post in January 2023.
Introduction and training of new trustees
New Trustees are instructed by the Clerk and existing Trustees as to their duties and responsibilities and develop
IheiT knowledge of the Charity through Trustee meetings and involvement in the Charity's activities.

THOMAS WHITE COTTAGE HOMES (2016) CHARITY
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
statement of Trusteos. responsibilities
The Trustees are responsible for preparing the Trustees, Report and the financial statements in accordance wth
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Pra￿1￿1.
The law applic8ble to charities in England and Wales requires the Trustees to prepare financial statements for
each financial year which give a trLte and fair view of the stale of affairs of the Charity and of the incoming
resource5 and application of resources of the Charity for that year.
In preparing these financial slatemenls, ltte Trustees are required to.
select suitabl& accounting policies and Ihen apply them consistently.,
observe the methods and principles in the Charities SORP".
make judgements and estimates that are reasonable and prudent.,
slate whether applitable accounting standards have been followed, subject to any material departures
disclosed and explained in the financial statements- and
Prepare the financial slalemgnls on the going concem basis unless il is inappropriate to presume that the
charity wll continue in operation.
The Trustees are responsible for keeping sufficient accounting rgcords that disclose with reasonable accuracy at
any time the financial position of the Charity and enable them to ensure th81 the financial statements comply wth
the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the piovisions of the trust
deed. They are also responsible for safeguarding the assets of the Chaiity and hence for taking reasonable s19PS
for the prevention and detection of fraud and other irregularities.
The Trustee '
ep
rt was approved by the Board of Trustees.
MrGPeg
Trustee
Dated-.
02LL

THOMAS WHITE COTTAGE HOMES (2016) CHARITY
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THOMAS WHITE COTTAGE HOMES (2016) CHARITY
I report lo the Trustee5 on my examination of the financial ststemenls of Thomas White Cottage Homes 120161
Charity (the Charilyl for the year ended 31 December 2023.
Responslbllities and basls of report
As the Trustees of the Charity you are responsible for the preparation of the finanaal statements in accordance
the requirements of the Charities Act 2011 {the 2011 Act).
I report in respect of my examination of the Charity's financial statements carried out under se¢lion 145 of the 2011
Act. In carying out my examination I have followed all the applicable Directions given by the Charity Commission
under section 145{5llbl of the 2011 Act.
Independent examinerfs statement
I have completed my examination. l eonfirm that no matters have eome to my attention in connection wth the
examination giving me cause lo believe that in any material respect".
accounting records were not kept in respect of the Charity as required by section 730 of the 2011 Act,. or
the financial stslewents do not accord with those records., or
the financial slalemonls do not comply with the applicable requirements concerning the form and content of
accounts sel out in Ihg Charities (Accounts and Reports) Regulations 2008 other than any requirement that the
accounts give a true and fair view which is not a rnatter considered as part of an indeperidenl examination.
I have no concems and have come across no other matters in connection wlh the examination to which attention
should be drawn in this report in order lo enable a proper undeislanding of the financial slalemenls to be reached.
Colm McGrory
The Oakley
Kidderminsler Road
Drortwich
Vvorceslershire
VVR9 9AY
Dated..

THOMAS WHITE COThAGE HOMES (2016) CHARITY
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
Unrestricted Unrestricted Ro$trlcted
funds
funds
funds
General Rgvaluation
fund
Total
2023
Totsl
2022
Notes
Income from-
Donations and legacies
Charitable aclivibes
Investments
6,500
78.232
10,461
7,500
14,000
78,232
10,481
57,515
65,492
8,585
Total Income
95.193
7.500
102.693
131,592
Ex
endtture on:
Charitable activities
132,337
2,628
34.719
169.684
81.292
Nel gainslllossesl on investments
10
3,667
3,667
16,8971
Net movemant in funds
133,4771
{2,6281
{27.2191
163,324}
43,403
Fund balances at 1 January 2023
972,919
505.740
27,219
1,505.878 1.462.475
Fund balances at 31 December
2023
939,442
503.112
1.442,554 1.505.878
The slalemenl of financial activities indudes all gains and losses recognised in the year.
The slalement of financial activities includes all gains and losses recognised in the year. Ml income and expenditure
derive from continuing aGtivities.

THOMAS WHITE COTTAGE HOMES (2016) CHARITY
BALANCE SHEET
ASAT 31 DECEMBER 2023
2023
2022
Notes
Flxed assets
Tangible assets
12
1.157.913
1,169.007
Current assets
Debtors
Investments
Cash at bank and in hand
13
14
2,382
218.132
145,705
1.579
214.465
131.982
366,199
348,026
Credttors: amounts falling due within
one year
16
15,1111
111,1551
Net current assets
361,088
336.871
Total assets less current liabilitie$
1,519,001
1,505,878
Creditors- amounts falllng due after
more than one year
17
176,4471
Net assets
1,442,554
1.505,878
Incomefund$
Reslricled funds
Unrestn"¢ted funds- revaluation reserve
Unrestricted funds- general
19
18
27.219
505,740
972,919
503,112
939.442
1.442,554
1,505,878
The financl
stat
ments were approved by the Trustees on ........... ... .
MrGPe
Trustee

THOMAS WHITE corrAGE HOMES (2016) CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policles
Charlty Inforniation
Thomas While Cottage Homes120161 Charty is a Charitable Incorporated Organisation and is governed by
ils constitution adopted on 31 July 2016, as amended on 7 December 2020. The prinapal address 15 3
MaxtockAvenue, Lichfield, Slaffordshire, WS13 6PE.
1.1 Accounting convention
The financial statements have been prepared in accordance wf(h the Charity's goveming document, the
Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Recommended Practice
appli¢able to charities preparing their accounts in accordance wth the Financial Reporbng Standard
applicable in the UK and Republic of Ireland {FRS 1021 leffeclive 1 January 2019)" The Charity is a Public
Benefit Entity as defined by FRS 102.
The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update
Bulletin 1 not to pfftpare a Slalemenl of Cash Flows.
The financial statement5 are p￿Pared in sterling, which is the functional currency of the Charity. Monetary
amounts in these f5nancial slalernents are rounded to the nearest £.
The financial slalemenls have been prepared undei the historical cost convenlion, as modified by the
revaluatlDn of certain assets.
1.2 Golng concern
At the lime of approv¢ng the financial statements. the Trustees have a reasonable expectation that the Charity
has adequate resources to ¢ontinue in operational existen￿ for the foreseeable future. Thus the Trustees
continue to adopt Ihe going concern basis of accounting in preparing the financial slalemenls.
1.3 Charitable funds
Unrostricled funds are available for use at the discretion of the Trustees in furtherance of their charkable
objectives.
Reslricled funds are subject to specffjic conditions by donors or grantors as lo how they may be used. The
purposes and uses of the restricted funds are set out in the notes lo the financial slalemenls.
1.4 Incom8
Income 15 recognised when the Charity is legally ents'tled to il after any performance conditions have been
met. the amounts can be measured reliably. anLI il is probable that income will be received.
Cash dtsn81ions are recognised on receipt. Other donations a￿ recognised once the Charity has been notified
of the donation, unless perfomiance conditions require deferral of the amount.
Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution,
the amount 15 known, and receipt is expected. If the amount is not known, the legacy is treated as a
contingent asset.
Investment income is included when receivable.
1.5 Expendlture
Liabililies are recognised as expenditure as soon as there is a legal or constructive obligation committing the
charity to that expendiluTe, a transfer of econofftic benefits will be Tequired in settlement and the amount of the
obligation can be meaSU￿d reliably. Expenditure is accounted for on an accruals basis and has been
classified under headings that aggregate all cost related to the category. lthere costs cannot be directly
attributed lo parhcular headings they have been allocated to activities on a basis consislenl with the use of
resources.

THOMAS WHITE COTTAGE HOMES (2016) CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Accountlng polieies
Icontlnuedl
Costs of charltable aelivilies are incurred on the charity's operations, including support costs and costs
r¢laling to the governance of the charity apportioned to charitable aclivilies.
Govemance costs include those costs associated with the meeting of ¢onstilulional and statutory
requirements of the charity and include the accountancy fees and costs linked lo the strategic management of
the charity.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured al cost and subsequently measured at cost or valuation, net of
depreaalion and any impairfflenl losses.
Depreciation is recognised so as to write off the cost or valuation of assets less Ihgir residual values over their
useful lives on the following bases-.
Freehold propety
Fixtures and fittings
straight line over 200 years
- 25°k on cost
Freehold land is not deP￿clated.
1.7 Flnanclal instruments
The Charity has elected lo apply the provisions of Section 11 'Basic Financial Instruments, ar￿ Section 12
'Olher Financial Instruments Issues, of FRS 102 to all of its finanrAal instruments.
Financial instruments are recognised in the Charitys balance sheet when the Charity becomes paty to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts p￿sented in the finaneial slatemenls, when
there is a legally enforceable right lo sel off the recognised amounts and the￿ is an intention to setue on a net
basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basi¢ financial assets, which include debtors and cash and bank balances, are initialty measured al
transaction price including transaclitsn eosts and are subsequently carried al amortised cost using the effective
interest method unless the arrangement conslilules 8 financing transaction, where the transaction 18
measured at the present value of the future receipts discounted at a market rale of interest. Financial assets
classified as receivable within one year are not arnortised.
Otherfinancial assets
OlheT financial assets, including investments in equity instruments which are not subsidiaries, asscKiales or
Joint ventures, are initially measured al fair value, which is normally the transaction price. Such asset5 are
subsequently carried at fair value and the changes in fair value are recognised in net incomellexpenditurel,
except that investments in equity instruments that are not publicly traded and whose fair values cannot be
measured reliably are measured al cost less impairment.

THOMAS WHITE COTTAGE HOMES (2016) CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting pollcles
IContinu•dl
Impairment of financial assets
Financial assets, other than those held at fair value through income and expenditure, aTe assessed for
indicators of impaimienl al each reporting dale. Financial assets are impaired Whe￿ there is objective
evidence that. as a result of one or more events that occurred after the initial recognition of the financial asset,
the estimated future cash )lows have been affe¢ted.
If an asset is impaired, the impaimient loss is the difference be￿een the carrying amount and the present
value of the estimated eash flows discounted at the asset's original effective interest rate. The impairment loss
is recognised in nel incomellexpendilurel for the year.
If there is a decrease in the impaimienl Ios5 arising from an event OCCUTring after the impairment was
recognised. the impairment is reversed. The reversal is such that the current carrying amount does not
exceed what the catrying amount would have been. had the impairment not previously been recognised. The
impairment reversal is recognised in net incomellexpendilurel for the year.
Derecognition of financial assets
Financial assets are derecognised only when the contractual rights lo the cash flows from the asset expire or
are settled, or when the Charty transfers the financial asset and subslanlially all the risks and rewards ol
ownership to another entity, or if some significant risks and rewards of ownership are retained bul control of
the asset has transfeffed to another paty that is able lo sell the asset in its entirety lo an unrelated third paty.
Basi¢ flnan¢lal liabilities
Basic financial liabilities, including credit￿S and bank loans are initially recognised at transaction price unless
the arrangement constilules a financing transaction, where the debt instrument is measured al the present
value of the futu￿ payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequenuy carried al amortised cost. using the effective interest rate method.
Trade Creditors are obligations to pay for goods or seNices that have been acquired in the ordinary Course of
operations from suppliers. Amounts payable are classiffed as current liabilities if payment is due within one
year or less. If not, they are presented as n0n-Cur￿nt liabilities. Trade creditors are recognised initially al
transadion price and subsequently measured al amortised cost using the effectwe interest method.
Dere¢ognition of financial liabllltles
Financial liabilities are derecognised when the Charty's contractual obligations expire or are discharged or
cancelled.
1.8 Taxation
The charity is exempt from tax on its charitable activities.
1.9 Current asset Investments
Investments held as cu￿ent assets are revalued at mld-market value al the balance sheet dale and the gain
or loss taken lo the Statement of Financial Aclivilies.

THOMAS WHITE COTTAGE HOMES (2016) CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Donatlons and legacies
Unrestrlcted Restrlcted
funds
ftJnd$
general
2023
Total
Restricted
funds
2023
2023
2022
Grants receivable
6.500
7,500
14,000
57,515
Grants receivable for core actlvltles
Baron Davenport Trust
LG Harris Trust
RO￿andS Trust
John Bradley Wll Trust
R&D Turner Trust
Grimley Trust
GTW Turner Trust
Andrew Harris Charitable Trijst
Dumbreck Charity
6,000
6.000
10.000
4.000
5,000
22,515
5,000
2,000
5,000
4,000
2,500
2,500
3,000
3.000
2.000
2.000
50Q
500
6,500
7,500
14,000
57,515
Income from charitable acllvltl8s
2023
2022
Residents contributions
Other income
77,706
526
65,231
261
78,232
65,492
Investments
2023
2022
Dividends received on current asset investments
Bank interest receivable
9,229
1.232
8.500
85
10,461
8,585
10-

THOMAS WHITE COTTAGE HOMES (2016> CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Expenditure on charitable actlvities
Restrlcted Unrestricted
2023
2023
Total
2023
Restricted Unrestricted
2022
2022
Total
2022
Dlrect costs
Lifeline Servi￿ charge
Insurance
Light. water. he81 &
council tax
Sundries
Propety maintenance
Administrative seNices
Garden maintenance &
landscaping
Wndow cleaning
Subscriptions
Professional fees
1,714
2,903
1,714
2,903
1,714
2.557
1,714
2,557
430
791
86.180
3.759
430
791
120,899
3,759
1,952
813
8,923
14,448
1,952
813
45,219
14,448
34.719
36,2
3,189
1.180
238
5,400
3,189
1,180
238
5,400
3.148
1.190
222
3.148
1,190
222
34,719
105,784
140.503
36,296
34,967
71.263
Share ot support and govemance costs {see note 61
Support
23,799
Governance
5,382
23,799
5,382
9,327
702
9.327
702
34,719
134.965
169,684
36.296
44,996
81,292
Analysls by fund
Unrestricted funds-
general
Unreslricled funds-
revaluation reserve
Reslricled funds
132,337
132,337
42,368
42,368
2,628
2,628
34.719
2.628
2,828
36,298
34.719
36.296
34.719
134,965
169,684
36,296
44,996
81,292
Support costs allocated to actlvltles
2023
2022
Staff costs
Depreciation
Governanee costs
12,705
11,094
5.382
9,327
702
29,181
10.029
Analysed between:
Unrestricted
29,181
10.029
Governance costs consist of accountsncy fees of £1.382 and a loan arrangemenl fee of £4,000.
11

THOMAS WHITE COTTAGE HOMES (2016) CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Net movement in fund$
2023
2022
The nel movement in funds is staled after chargingllcredilingl..
Depreciation of owned tangible fixed assets
11,094
9,327
Trustees
None of the Trustees (or any persons connected with them) received any rernuneralion or benefits other than
expenses properly incurred in connection with the charrty's activities from the Charity during the year.
Employees
2023
Number
2022
Number
Employment ¢o$ts
2023
2022
Wage5 and salaries
12,705
There were no employees whose annual remuneration was more than £60.000.
10 Galns and losses on investments
Unrestricted Unrestrlcted
funds
funds
2023
2022
Gainslllosses} arising on..
RevalLtation of investments
3,667
18,8971
11 Taxatlon
The charity is exempt from taxation on ils activities because all its income is applied fof charitable purposes.
12-

THOMAS WHITE COTTAGE HOMES (2016> CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
12 Tangible fixed assets
Freehold Fixtures and
property
ftttings
Total
Cost or valuation
Al 1 January 2023
1,252,030
28,276
1.278.306
At 31 December 2023
1,252,030
26,276
1,278.306
Depreciation and impaimient
Al 1 January 2023
Depreei81ion charged in the year
102,130
5.010
7.169
6,084
109,299
11.094
Al 31 December 2023
107.140
13,253
120,393
Carrying amount
Al 31 December2023
1,144,890
13,023
1.157,913
Al 31 December 2022
1.149,900
19.107
1,169,007
Included in cost or valuation of land and buildings is freehold land of £250,00012022". £250,0001-
Freehold land and buildings were valued on an open market basis on 23 May 2012 by Tim Boffey Sufveyors.
The Trustees are not aware of any material change sir¢ce this valuation.
Al 31 Deeember 2023. had the revalued assets been caTried at historic cost less a￿uMulated depreciation
and accumulaled impairment losses, their carrying amount would have been approximately £S41,77812022'.
£644.1601.
deeds
The Charity's properties are registered al the Land Registry in the name of the Chaiity. The land and trtle
deeds contain approxirn8lely 3,215 square yards situated in Bromsgrove, Worcestershire together with
charitable homes Nos. 35 to 45 New Road. being the properties comprised in a Deed Poll made by Thomas
hile on the 20th April 1886.
Historic and now redundant tit]e deeds are retained by the Charity.
13 Debtors
2023
2022
Amounts falling due viithin one year:
TTade debtors
Other debtors
Prepayments and accrued income
24
361
1,977
1,571
2.362
1,579
13-

THOMAS WHITE COTTAGE HOMES {2016) CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
14 Current asset Investments
2023
2022
Unlisted investments
218,132
214.465
Current asset investments consist of 242.855.167 M&G Charity hrtulti-Assg1 Fund shares purchasgd al a cost
of £140,749.
15 Loans and overdrafts
2023
2022
Other loans
76,447
Payable after one year
76,447
The long-lerm loan is an inleresl-free unsecured loan wth The Almshouse Association, a registered charity
no. 245668.
16 Creditors: amounts falling due within one yaar
2023
2022
Trade creditors
Accruals and deferred income
46
5,065
11.155
5,111
11.155
17 Creditors: amounts falling due after more than one year
2023
2022
Borrowings
76.447
14-

THOMAS WHITE COTTAGE HOMES (2016) CHARITY
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2023
18 Unrestricted funds - rovaluatlon rg$ervo
These are unrestricted funds which are material to the Charily's aclivilies.
At 1 January
2023
Resources
expended
At31
December
2023
Rgvaluation reserve
505.740
12.6281
503,112
Previous year-
At 1 January
2022
Resources
expend&d
At31
December
2022
Revaluation reserve
SO8,￿8
{2,6281
505,740
19 Restrlcted funds
The reslricled funds of the charity comprise the unexpended balances of donations and grants held on Ifust
subject to specific conditions by donors as to how they may be used.
At 1 January
2023
Incoming
resources
Resources
expended
At31
December
2023
Baron Davenport- flat refuibishment
LG Harris Trust- flat refurbishment
John Bradley Will Trust- fiat refurbishment
Grimley Trust- flat refurbishment
Andrew Harris Charitable Trust- flat
refurbishment
Rowlands Trust- double-glazing
R&D Tumer Trust- double-glazing
GTW Turner- double-glazing
1,899
1.350
18,970
1.000
{1,8991
{1,3501
118,9701
11,0001
4.000
14,000}
12,5001
13,0001
12.0001
2,500
3,000
2.000
27,219
7.500
134,7191
15-

THOMAS WHITE COTTAGE HOMES (2016) CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
19 R8strlGted funds
Icontlnuedl
Previous year-
At l January
2022
Incomlng Resources
resource$
expended
At31
December
2022
Baron Davenport- hand rails
Baron Davenport- flat refurbishrnent
LG Harris Trust- flat refurblshment
Rowlands Trust- flat refurbishment
John Bradley Will Trust- flat refurbishment
R&D Turner Trust- fl* refurbishment
Grimley Trust- flat refurbishment
GTW Turner- flat refurbishment
Andrew Hairis Charitable Trust- flat
refuibishment
6,000
16,0001
18,1011
12,6501
{5.0001
{3,545}
15.0001
{1,0001
{5.0001
10,000
4,000
5.000
22.515
5.000
2.000
5,000
1.899
1.350
18,970
1.000
4,000
4,000
6,000
57,515
{36,2961
27,219
All funds subject to a restricted application were given for the purpose of improvin9 the themal efficiency of
the flats by installing double glazed wndows.
20 Unrestricted funds
The tjnrestricled funds of the tharity comprise the unexpended balances of donations and grants which are
not subject lo specific Conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
At 1 January
2023
Incoming
resources
Resources
expended
Galns and
losses
At31
December
2023
General funds
972,919
95,193
1132,3371
3.667
939,442
Previous year:
At 1 January
2022
Incomlng Resources
r8$ources
expended
Galns and
losses
At31
Dg¢ember
2022
General ftjnds
948,107
74.077
(42,368}
(6.897)
972,919
18-

THOMAS WHITE COThAGE HOMES (2016) CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
21 Analysis of net assets between fund$
General Revaluation
fund
fund
Restrfcted
ftjnds
Totsl
Fund balan￿ at 31 De￿mber 2023 are
represented by..
Tangible assets
Current a5selsllliabililiesl
Long term liabilities
654,801
361,088
176,4471
503,112
1,157,913
361,088
176,4471
939,442
503,112
1,442,554
22 Rèlat￿ party tTansaction5
There were no disclosable related paty transactions during the year12022- none).
17-