Charlty reylstration number 1168780 (England and Wale51 THOMAS WHITE corrAGE HOMES (2016) CHARITY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
THOMAS WHITE corrAGE HOMES (2016) CHARITY LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr T Horton Mrs C Maund Mrs L Reading Mrs N Schirrrnacher Ms M Stafford Ms D J Hirst Mr D J Foster DrA R Con8nl IAppointed 2 February 20281 Clerk Mr Malford Harris Charlty number 1168780 PrincSpal addrèss 8 WIllowsThere Drive thfield Stafford5hire WS14 9XF Independent examlnèr Colm MeGrory The Oakley Kidderminster Road Droifv4ich WR9 9AY Bankers Barday5 Bank PIC Lèic8Ster Lèicest8rshire LE87 2BB
THOMAS WHITE corrAGE HOMES (2016) CHARITY CONTENTS Page Trustees. report Independent examinerf5 report Statement of finar131 actiwties Balan¢e sheet Notes to the financial staternents 6-15
THOMAS WHITE COAGE HOMES (20161 CHARITY TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The TruSts present their annual report and finanaal stètetnents forthe year ended 31 December 2025. Th8 finaniial statements hav8 been prepared in accordance vAth the aecounting polioes Set out in note 1 to tre financial statements and coMY wlh the Chaiity's governing docurnenl. the Charities Act 2011 and "Awounling and Reporting by Charits"es". Slemenl ol Recornrnended Practice applicable to charities preparing their accounts in accordance wth the Finanryal Reporting Standard applicable in the UK Republic of Ireland IFRS 1021 leffectNa 1 January 20191" Oblectiv•s and activitSes Objgctives and aims The Charity aims to provide in the fourteen flats which comprise the Cottage Horne5. accommodats'on for single women in need of not less than 80 years of age, with a preference for Such women who are resident at IPE tirne of their appointment in the area of Ihe Ancient Parish ol Bromsgrove 01 who have had a longstanding oommrtment to the town of Bromsgrove. Slgnlncant activilies In planning the Charity's aCtilieS for the year the Trustees kept in mind the Charity Gommission's guidance on public benefit. The focus of the Charity5 activitres remains the aceommodation of eligible residents in the Charity's properties and to ensur8 that its flats are maintained to 8 Teasonable standard and refurbished as the need arises. Volunteers The Charity ielies on the unpaid SèN¢ces of the Trustees and the voluntary help and advi of a sperialisl histonc buildings architect when apwopriate. Achievements and performan¢e Chgritable activitles Throughout 2025 kne Charity sought to maintain and improve Its buildlngs and the site of the homes for the benefit of residents. Having ffinalised both design and speufi(xtion the new railing5 leading from New Road to the front of the Charity's bwldings were installed. improving both Ihe appearan ol the site and the Safety of residents accessing their flats. The Charity then went on to fully refvrbish tsvo of its flats to a high and modem stand8rd. bwng then able to Welcome iwo new residents lo the Homes. The Charity h85 been able lo carry out fijrther partial refiJrbi$hment and is planning a programme of work to improve the safety of all residents in case of lire. This takes place in conjunction with a review of iis'lifeline. provision. Investmèntperfomyance The Charity's inve5tm8nt is ils holding ir¢ the M & G Investments Nab"onal Association of Alrnshouses Common InvestTnent Fund. Reserves a plaeed on dep0511 with ils bank. Flnanclal revl Prfnelpal funding sources The Charity's prinupal source gf funding continues lo be Weekly Maintenance Contributions made by its Residenls. supplemented by the income from its M & G investment. The Charty accordingly 8ckrx)wledges the generous assistance ol local charitt.es in meeting the cost ol the repair and restoiion of the gates, mentioned above. ReseThespollcy The policy of the Charity is tr) maintain its M S G investment unless its fvnds are required for and property applicable to its charrtable objects, and to hold accumulated castt to meet costs as they arise. The Charity tries to maintain a break-even situation annu8lly. OtheDlSe resetves are applied to Proper Charitab needs within ils obiects as those needs anse.
THOMAS WHITE corrAGE HOMES (2016) CHARITY TRUSTEES, REPORT (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2025 The Trustee5 have assessed the major risk8 to which the Charty is exposed. and are satisfied that systems are in plac6 to mil'gate exposure tts them. Strtscturèi goYemanc• and managoment Govoming document The Charity is 8 Gharitable Incorporated Organisation aThl is governed by its constitution adopted on 31 July 2016, as amended on 7 Dernber 2020 to farylitate the appointment ol new and add51ional trustees. Acopy of the constitubon is available from the Charity. The Trustee5 served during the year and up to the date of signature tsf the financial statements were." MrT Horton Rev R A Khan Mrs C Maund Mrs L Readiro Mrs N Schirrmacher Ms M Stafford M5 D J Hirst Mr D J Foster DrA R Conanl (Rasigned 1 Decernber 20251 (Appointed 2 February 20261 R•crultm•ntandappolntm•nt of ngw Trustees The Board of Trustees are 8Uthorised to appoint new trustees 10 fill vacanaes arising through dèath OT rÈgNatiOn of an existing Tiustee. Organlsationalstnjcture The day to day management is delegated by the Trusloès to the Crk. who is an employ$è ofthe Charity. Policy and strategic decisions are made by the Boaid of Trustees al regular meetings. The Charity promdes the services of a part-time warden to support Its ReSidt$. Introduction andtraining of new Irustees New Tru5tee5 are instructed by the Clerk and 8xists.ng Trustees as to their dub.es and iesponsibililies and develop thr knowledge of the Charity through Trustee meebngs and involvernent in the Charty's activities. statement of TTUStees' responsibilitie5 The Trustees are responsible for preparing the Trustees, Report and the financlal statements in accordance with applicable law and United Kingdom AccAuntiro Stsndards Iunited Kirodom Generaly Accepted Accounting Practice). The Trustees. report W83 approved by the BoBrd ofTrustees. Mr8 L Readlng Chair of Tru tees Dated..
THOMAS WHITE COAGE HOMES (2016) CHARITY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THOMAS WHrfE corrAGE HOMES (2016) CHARITY I report to the Trusteès on rny examin81ion ol the finanaal 5tstements of Thornas Wvhile Cottage Hornes120161 Chaiity (the Ch8rityl for the year ended 31 Dember 2025. Respon5ibilitles and basi8 of report As the Ttustee5 of th8 charity you are responsible for the preparation of the )InarK4al statements in accI)rdan wth the fequiremenls ol the Charities Act 2011. report in Tespect of rny examinafron of the Charity's finanaal statements carried out under section 145 01 the Charities Aci 2011. In carrying out my exatninalion I have followed the Dlrecbons given by the Ch8rity Comrnission under section 14515llbl of the ChariliesAct 2011. Independent eXamineS statement I have completed my examination. I confirrn Ihat no rnatters have come lo rny 8ttenlion in Connectic with the examination giving me cause lo believe that in any material respect". acwunting records were not kept in respect ol the Charity as required by secbon 130 of the CharitiesAct 2011. the finanGial ststernents do not accord with those records., or the finaniial Statements do not comply with the applicable requirements conceming the form and o)ntent of finanaal statements set out In the Charities (Acctsunts and Reports) Regulations 2008 other than any requiretnent that the financial statement5 gsve a true and fair view, which is not a rnatter considered as part of an independent examination. I h8ve no concerns and have come across no other matters in connection wth the examination to which attention should be drawn in this report in oldèr to enable a propèr undèrstanding ol the financial statements to bè leached. Colm M¢Grory FCA The 0aeY Kidderminster Road Droitwich Worcestershire WR9 9AY Dated.. ..l.ik.: 07. .
THOMAS WHITE corrAGE HOMES (2016) CHARITY STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025 Unrestricted Unrestrlcted funds funds Genernl Revaluatlon lun Total 2025 Total 2024 Notes Income from: Donations and legacies Charitable activibes Investrnents 2,750 82,358 12,147 78.367 12,164 78.3f7 12,164 Total income 90,531 90.531 97,255 enditure on: Charitable actimties 93,621 2.628 ,249 98,313 Net gainslllossesl on inve51ments qo 25.719 25.719 7,310 Net movement in funds 22.629 12,6281 20.001 6,252 Fund balances al 1 January 2025 948.322 500,484 1,448,8(6 1,442,554 Fund balan¢ès ot 31 Dee•mbèr 2025 970.951 497.858 1,468,807 1,448,806 The statement of financial activfties include5 all gains aNJ losses recognised in thè year. The statement of financial activities includes all gains and losses recognTrsÉd in th& year. AJI incorne and expenditure derive from continuing activits-es.
THOMAS WHITE COThAGE HOMES (2016) CHARITY BALANCE SHEET AS A T 31 DECEMBER 2025 2025 2024 Notes Fixed assets Tangible assets 12 1.156,(Y28 1.146.819 Currènt a¥8ets Debtors Investments Cash at bank and in hand 13 14 2.325 251.161 132.109 10,634 225,442 155,350 385.595 391,426 Creditors: amounts falling due wthln one year 16 112,3191 120,5421 Net current assets 373,278 370,884 Total assets les¥ ¢urrent Ilabilities 1.529,304 1,517,703 Credltors: amounts falling due after more than one year 17 160.49n 168.89n N•t ass•ts 1,468.807 1.448.806 Income funds Unrestricted funds- revaluation reserve Unrestricted funds- gen8ral 19 497.856 970.951 500,484 948,322 1,4e8.807 1.448,808 The financial statements were approved by the Trustees on ..... Mr3 L Reading Chair of Trustees
THOMAS WHITE corrAGE HOMES (2016) CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting policie8 Chartty infomiotion Thomas White Cottage Homes120161 Charty is 8 Charitable Incorporated Organisalion and is governed by its constilution adopted on 31 July 2016. a5 ameThJed on 7 Dernber 2020. The prinapal addre58 is 3 Maxtock Av8nue. Lichfi81d. stsffordsre, WS13 6PE. 1.1 Accountlng conventlon The financsal statements have been prepared in accordance with the Charity's 9overning document, the Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Recomrnended Pracoce applicable to charities preparing their accounts in accordance Urith the Financial Reportiry Standard applicable In the UK and Republic of Ireland IFRS 1021 leffectwe 1 January 20191. The Charity is a Public Benefit Entty a5 defined by FRS 102. The Charity has taken advantage of thè EOS1onS in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Ststement of Cash Flows. The finanaal statements are prepared in sterfing. vthich is he functional currency of the Charity. Monel8ry amounts in thase financi81 statements are Tounded lo the nearest £. Thè financial statements have been prepared UTKler Ihe histQriC8t cost convention, as modified by the revaluation of certain assets. 1.2 Going eoncÈm At the time of approving the financial statements. the Trustees have a reasonablè èxpectation that ttE Charity has adequate resources to continue in operational existence for the foreseeable future_ Thus the Truslees conb.nue to adopt the going concem basis of acwunts.ng in preparing the financial statements. 1.3 Charltsblè funds Unrestrided ndS are available for use at the discretion of the Trustees in [utheran of their chari18bl8 objectives. Restricted funds are subjed to specific conditions by donors or grantors as to how they rnay be used. Th purposes and uses of the restricted fijnds are sel out in the notes to the financial statements. 1.4 Income Incorne is re¢ognised whtsn Iha Charity is legally ented tr) 11 after any perforrnance conditions have been met, the amounts can be measured reliabty, and it is probable that income will be Ceived. Cash donations are recogrused on receipt. other dtsnations a rerngnised once the Charity has been notified of the donation. unles8 perforrn8nce conditions req{re defeiial of the amount. Legacies are recognised on receipt or othetwse if the Charty ha5 been notr.fied of an impending distribub'on, the affl¢)unl is known, and rEIpt is expected. If the amount is not known, the legw is treated as a contingent asset. Investment income is included when reIVable. 1.5 EXperltUre Liabilib'es ore rècognised 8$ expend1ture as soon as there Is a legal or constructNe obli98bon committing the charity to that expenditure, a transfer of econotnic benefits will be required In settlement and the arnount of the obligah.on G9n be measured reliably. Expenditure 15 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be dirertly attributed to parts"CAJl& headings they have been allo¢ated lo activities on a b8SiS ¢WSiStent with the use ol reSoUrs.
THOMAS WHITE COThAGE HOMES (2016} CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Aecountin9 policies IContlnu•dl C0515 of charitable activlb.es arè incurred on the charty's operations, induding support costs and ¢08ts relating to the govemance ol the charity apportk)ned to charitable activitses. Govem8nce costs indude those costs associated wth tre rneeting of constitutional and statutory requirements of the Gharity and indude the accountancy fees and costs linked to the strategic managetnenl of the charty. 1.6 Tangible fixed assets Tangible fixed assets are initial tneasured at cost and subsequently measured al cost or valuation. net of depreaation and any irnpairment losses. Depreciation is recognised so as lo write off the cost or valuat¥)n of assets ]ess their residual values over their useful lives on the following bases". FTeehdd property Fixtures and fittings straight line over 200 years - 25% on c05t Freehold land is not deprecjated. 1.7 Financial ItrumentS The Chanty has elected to apply the provisions of Section 11 'Basic Finanual Instruments, and Seth'on 12 'Other Financial Instruments Issues. ol FRS 102 to all of it5 financial inslrutn8nts. Finana81 inslnxnents are recognised in the Charity's balan sheet when the Charity becomes party to Ihe contractual provisions of the inslrumenl. Financial assets and lrabilits.es are offset. wth the nel arnounts presented in the financial statements. when therè is a légally enforceable right to sel off the recognised amounts and there is an Intentlon to settle on a net baws or to realise the asset and settle the liability simutsneously. Basic fin8n¢ial assets Basic fin8ncial assets. which indude debtors and cash and bank balances. are Initially measured al transaction price including transaction costs and alé subsequently carr18d at amortised Cost using the effeciive Interest method unless the arrangernent constitutes a financing transaction, where the transaction is measured at the present value of the future reipts d15counted at a market late of interest. FInaW assets dassified as receiv8ble within one year are not amortised. Otherllnanclal ass•ts Other financial assets, induding investsllents in equity in81ruments which are not subsdiaries, associates or joint ventures. are inib'ally measured at fair value. which is normalty the transact'on price. Such assets are subsequently carried at falr value and the changes in f8ir value are reco9nised in nel incomellexpenditurel. except that inve5tmen15 in equity instruments that are not publidy traded and whose fair values cannot be measured reliably are measured at cost less impaiiment.
THOMAS WHITE COThAGE HOMES (2016) CHARITY NOTES TO THE FINANCIAL STATEPJIENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Accountlng pollcles Iconlinuedl Impaimiènt of finaneialassets Financial assets, other than those held 81 fair value through incimlle and expenditure, are assessed for indicaior5 01 irnpairrnent * each porting date. Finanaal assets are impaired where there is objective evidence that as a result ol one or more ev8llts that occurred after Ihg initlal recognition of the financial asset. the eslirnaled fvjlure cash flows have been affeded. If an asset 15 5mpaired, the impairment Ioss 15 the difference btheen the eArrwng amount and the pr&58nt value of the estimated cash flows dis(x)unted at the asset's original effeciive interest rate. The impairment loss 15 recognised in net lncornel1expendreI for the year. 11 there is a decrease in the impairrnent loss arising frorn an event occurring after Ihg impairment was recognised, the impaitment is reversed. The ieversal is such that the ouiient carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The irnpaimient reversal is re¢ognlsed In net incornellexpenditurel for the year. Dere¢ognition olflnanclal assets Financial assets are derecognised only uthen the contractual rights to the cash llows from the asset expire or are settled. or when the Chanty transfers the financial èsset and substantially a11 the risks and rewards of ownership to another enttty. or if some significant risks and rewards ol ownership are retained but control of the 8sset has transferred to another paty that Ss able to sell the asset in its entirety to an unrelated third party. Basic financial Ilabilltles Basic financial liabilities, including creditors and bank loans are initi.ally recognised at transaction pri unless the 8rr8n9ement constitutes a financing transan, where the debt instrument is measured al the present value of the ftjlure payments discounted at a market rate of interest Finanrial liabilitres classified as payaNe wthin one year arè not amorb"sed. Debt instruments are subsequently carried at amortised cost, using the effective interest r*& method. Trade creditors are oklgathS to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classjfied as current liabilities if payment is due 1th1n one year or less. 11 not, they are presented as non-currenl liabilities. Trade credrtors aTe recognised initially at trans8Ction price and subsequently measured at amc4tsed cost using the 8ffective intere51 method. Derecognition of ftnanelal Ilabllities Finanaal liabiliiies are derecognised when the Charity's crmtra¢Xual obligations expirg or a discharged or cancelled. 1.8 Taxation The chaity is exempt from tax on ts tharitable aCteS. 1.9 Current asset Invesknents Investments held as current assets are revalued at rnid-m8rk8t value at the balance sheet date and the gain or Ios5 taken lo the Ststement ol Financial Activiti85.
THOMAS WHITE COThAGE HOMES12016) CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Critical accounllng estimate5 and judgements In the application tsf the Charitys accounting poliaes. the Trustees are required lo rnake judgements. estimates and assurnplions about the carying amount ol assets and liabilities that Bre not readily apparent from othei Sour$. The estimates and associated assumptions are based historica experience and other factors that are consldeied lo be relevant. Actual results may differ from these ests"mates. The estimates and undertyiro as$umpliws 8rtr reviewed on an orvjoing bass. Revisions to aceoLJnting estimates are recogn15ed in the period in which the estimate is revised where the rew5ion affects only that p8riod. or in the period of the ievision and lulure peiiods where the revision affects both current and lulure periods. Donations and legaeies Total Restred funds 2025 2024 Grants re5vbI0 2.750 Grants recelvable for cots activitÈes Andrew Harris Charitable Trust Bromsgrove Society 2.CQO 750 2,750 Income from charltablg actlvltles 2026 2024 Residents contributions 78.367 82,358 Investments 202S 2024 Dividends received on current asset investments Bank int8$1 reIV8b1e 10.321 1,843 9,836 2.311 12.164 12.147
THOMAS WHITE COThAGE HOMES (2016) CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Expenditure on Charitable activities Unrestricted 2025 Restrlctedunrestricted 2024 2024 Total 2024 Dlr•et costs Lifeline servSce charge Insruance Light, water, heat & council tax Sundries Property rnaintenan Administrative services Garden maintenance & landscaping Window cleaning Subscripb'ons 1,816 2,961 1,009 271 43,707 2.467 5.630 2,110 519 1.714 3.015 447 854 50.762 1,699 6,198 1,500 407 1,714 3.015 447 854 53.512 1.699 6.198 1.500 407 2,750 80.490 2.750 66.596 69,346 Share of support and 9overnaneg costs (see note 71 SLSPPOrt Governan 34.354 1.405 27,638 1,329 27,638 1,329 96,249 Z750 95,563 98.313 Analysls by fund Unrestricted funds- general Unrestricted funds- revaluats'on reserve Restricted funds 93,621 2,628 92,935 2,628 92,935 2,628 2.750 2,750 96,249 2,750 95.563 98,313 Support costs allocated to activities 2025 2024 Staff costs Depreciab'on Govemance costs 17,708 16,646 1.405 16,544 11.094 1.329 35.759 28,7 Anatysed betren. Unrestricted 35,759 28,967 Govemance costs consist of8ccountancy fees of £739 and in(lependent examinalon fees of£666. Trustees None of the Trustees {or any persons connected with Ihèml r1Ved any remuneolion or b8nèfits other than expense5 properly incurred in wnnecbon with the charitys aCtiv"e5 frotn the Charity during the year. 10-
THOMAS WHITE corrAGE HOMES (2016) CHARITY NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Employo•s 2025 Number 2024 Numbèr Employment CO8ts 2025 2024 Wages and salaries 17.708 16.544 There were no employees whose annu81 remuneration w8¥ rnore than £60.CK)O. 10 Gain8 and10sses on Investments Unrestrleted Unrestricted funds funds 2025 2024 Gainslllossesl arislng on". Revaluation of investments 25.719 7,310 11 Taxation Thè Chaty is exempt from ta(ation on its activthes because all its income is 4)plied for charitBtle purposes. 11
THOMAS WHITE corrAGE HOMES (2016) CHARITY NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 12 Tangible fixed assets Freehold Fixtures and PrOrty fittings Totsl C05t or valuation At 1 January 2025 Addf(ions 1,252,030 26.276 25.855 1,278,306 25,855 At 31 Dember 25 1,252,030 52,131 1,304,161 Depreciation and impairrnent At 1 January 2025 Deprecith'on charged in the year 112,150 5.010 19.337 11,636 131,487 16.646 At 31 December 2025 117,160 30,973 148.133 Carying amount At 31 December 2025 1.134.870 21,158 1.156.028 Al 31 December 2024 1, 139,880 6.939 1,146,819 InCIle(l in cost or valuab.on of18nd and buildings is freehold land of £250,00012024". £250.0(yJI. Freehold land and buildings were valued on an open market basis on 23 May 2012 by rim Boffey Surveyors. The Trustee5 are not aware of any matèrial change Sin this valuation. At 31 Decembor 2025. had thg rèvalued assets been (XFiied at historic cost less accumulated depreuation and accumulated Impaimient losses, their carrylng amount would have been 8pproximalely £637.01412024.. £639,396). Prts deeds The Charty's properbes are registsred at the Land Registy in the name ol the Charity. The land and b.tle deeds contain approximatdy 3,215 squaie yards situated in Bromsgrove. Worcestershire together wth chartsble homes Nos. 35 to 45 New Road, being the PTopetbes comprised in a Deed Poll made by Thomas White on the 20th April 1886. Historr and r¢ow redundant tille deeds are retained by the Charity. 13 Debtors 2025 2024 Amounts falling due withln one year: Other debtors Prepayments and accrued income 371 367 10.267 2,325 10,834 12-
THOMAS WHITE COAGE HOMES (2016) CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 14 Current asset inveslments 202S 2024 Unli51ed investments 251.181 225.442 Current asset inve$trnen15 consist of 242,855.187 M&G Charty MuftiAsset Fund shares purchased at a cost of£140.749. 15 Loans and overdrafts 2025 2024 Other loans 66,897 TK,297 Payable within on& yèar Payable after one year 8,400 60,497 8,4LKI 68,897 The long-lerrn loan is an interest-free unseojrad loan with The Mshj$e AssOuatn. a rtgist8red charty no. 245668. 16 Credltors: amounts falllng du8 wlthln onè year 2026 2024 Borrowngs Trade cred(iors Ac¢ruals and deferred irKome 8,4(M) 8.400 46 12,CQ6 3.919 12.319 20,542 17 Credltors: amounts falling due after more than one year 2025 2024 Borrowings 60,497 68,897 18 Restrict8d funds The restiicted tunds of the charity comprise the balances of donations and grants held on trust subject to speafic condrtions by donors as to how they m8y be used. 13-
THOMAS WHITE corrAGE HOMES (2016) CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 18 Restrlcted funds (Continued) Prèvlous year: At 1 January 2024 Incomlng re50urees Resources expended A131 December 2024 Andrew Harris Charitable Trust- gate restorats.on Bro99r0Ve Society- gate restoratson 2,000 750 12.0001 17501 2,750 12,7501 During 2025 the charity received no Testricted funds. In the previous year all funds subject to a restricted 8pplicats.on were given for the purpose of restoring the charity site's historic gates. 19 Unrestrlcted funds- revaluatlon reserye These are uNestricied funds which are material to the ChariV5 8Ctivth"es. At 1 January Resources 2025 •xpended At31 December 2025 500,484 500,484 12.6281 Rwaluation reserve 12.6281 500.484 12.6281 497.856 Previous year= At 1 January 2024 Resour¢¥s *xnded At31 December 2024 Revaluabon resetve 503.112 12,8281 500,484 20 Unrestrtcted funds The unrestricted funds of the charity ¢omprise the unexpended balances of donations and grants whh are not subject to specific condib.ons by donors and grantors as to how they may be used. These include designated funds which have been sel aside out of unrestricted fijnds by the trustees for specific purFX)5es. At1 January 2025 Ineomlng resources Resources expended Galns arKI losses At31 December 2025 Gener4 lunds 948,322 90,531 193,6211 25,719 970,951 14-
THOMAS WHITE corrAGE HOMES (2016) CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED> FOR THE YEAR ENDED 31 DECEMBER 2025 20 Unrestricted funds (Continuodl Pr•vious yeaT= At 1 January 2024 Incomlng Resources resources expended Galns and losses At31 December 2024 General furKIs 939,442 94,505 192,9351 7.310 948,322 21 Analy$ls of net a55ets betW8en funds General Revaluation fund fund Re$tri¢ted funds Total Fund balances al 31 December 2025 are represente¢Y by.. Tangible assets Current assetsllliabilitiesl Long term liabilities 658.172 373,276 160.4971 497,856 1,156,028 373,276 180,4971 970.951 497.856 1.468.807 22 Related party transactlons There were no discbsable related paTty transactions during the year12024- none). 15-