REGISTERED CHARITY NUMBER: 1172357
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
FOR
PATE HOUSE CHARITY
Andorran Limited
6 Manor Park Business Centre
Mackenzie Way
Cheltenham
Gloucestershire
GL519TA

PATE HOUSE CHARITY
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Pa9e
Reference and Adrnini5trative Detai15
Report of the Trustees
2 to 3
Independent Examinerfs Report
statement of Financial A¢ttvities
ststement of Financial Position
Notes to the Flnanclal Statements
7 to 12

PATE HOUSE CHARtrY
REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 MARCH 2022
TRUSTEES
Mrs C Price
Mrs R RovAand
D Lawren
JACOX
G N Gregory
N C Fudey
Rmay
J B Buchanan
Mrs M Jacko
R B Rimell (appointed 21.10.21)
Mrs M J Cowie (appointed 21.10.211
PRINCIPAL ADDRESS
16 Albion Street
Cheltenham
Gloucestershire
GL52 2LP
REGISTERED CHARrrY
NUMBER
1172357
INDEPENDENT EXAMINER
Andotran Limited
6 Manor Parf( Business Centre
Mackenzie Way
Cheltenham
GSoucestershire
GL519TX
Page 1

PATE HOUSE CHARITY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2022
The trustees present their report with the financial statements of the charity for the year ended
31 March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities..
Statement of Recommended Practice applicable lo charittes preparing their accounts in accordance with the
Financial Reporb"ng Standard applicable in the UK and Republic of Ireland {FRS 1021 leffectiv& 1 January
20191.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Objects of the charity, as registered with the Charity Commission, are the provision of almshouses for
poor persons of good character who are not less than 60 years of age or are infirm. are resident or were born
in the Borough of Cheltenham provided that preference shall be given lo applicants qualified as aforesaid who
are single, wdows oi wdowers. If, on the occasion of a vacancy, there is no suitable applicant who qualifies
as af0￿SaId, the tsuslees may appoinl as a resident a person olhetwse duly qualified who is resident or was
bom in the parish of Leigh in the county of G[Ou￿stershIre.
The charitys Aims are..
lo provide a quality and p￿fesSIOnal Servi￿ for the well being of the residents of Pate House,
Chellenham",
to ensure the fabric and e55ential fixtures and ffthngs are maintained at an above good standard as
laid down by interested bodies i.e. DSS and the Amshouse Associab"on',
to pay due cognisance lo the regulations laid down by the Amshouse Association and other
interested bodies in the care for the eldetty.,
to explore opportunities and take advantage of 5ituab.ons which may lead to the expansion of the
current ac£ommodabon undei the care of the Trustees and which will be within the Trust's financial
status.
Public benerrt
In planning the Charity's actNities the trustees kept in mind the Charity Commission's guidance on public
benefit. The focus of the Charity's acb"vities during the period. which explains the delivery by the Chartty of
public benefit, is sel out below under 'Achievement and performan￿. and above 5Jnder'Objeclives and aims,.
AGHIEVEMENT AND PERFORMANCE
Charitable activities
During the year Pale House Charity carried out essents.al propety repairs and general maintenance of the
residential units.
Upgrading of the units is a rolling programme. The energy efficiency of Pate House 15 being reviewed and the
trustees hope lo brin9 forward proposals to improve Ihe situation for residents e.g. insulation, secondary
glazing. solar panels.
Residents generally continue to be in gocAY health but one is gNing us cause for concem and has entered
h05Pital.
Because of the national lockdowns. indNidual conversatsons were held vrith the residents. giving them the
opportunity to discuss any problerns or shortaimings in service.
FINANCIAL REVIEVV
Reserves policy
The unrestricted resetves are av8ilable foi the day io day running for the charity.
The overall policy is to be in a FM)sition to have sufficient reserves for new builds, acquisib'ons orjoint ventures
and this is conbnuousty explored. The present levels of reserves are nol sufficient for the trustees lo
progress with any of the proposals put forward to date. It is the trustees, intention to build the charity'5
re￿[yeS lo enable them to be utilised or this purrrt)se.
FUTURE PLANS
The iTrcrease in rental income Is now enabling the reserves lo be increased.
Page 2

PATE HOUSE CHARtrY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Pates Eslate was founded in 1574 and the Foundabon was formed in 1881. In 1811 Pate House moved lo
the present site and in 1987 the rear block was built. After the new Education Act of 1980 the Charity
Commission recommended that Pate House become an Independent Charitable Trust which was set up in
1987 and registered with the Charity Commission under reference 220805_ On 18 August 2001 the Tnjst
deregistered from the Housing Corporation_
In April 2018 the activities of the Charitable Trust were transferred to this entity, a Charitable Incorporated
Organisalion ICIOI with the same name and objectives. The activities of the charity are therefore governed
by the incorporation document of the CIO.
Induction and training of new trnstees
The Trustees are appointed from three sources - Pate's Grammar School Foundation, Corpu5 Christi Oxford
and Co-opted Trustees. New Trustees are appointed by the source trom which the vacancy arises.
Trustee, when nominated, has lo be approved both by the relevant source nominating himlher and by the full
Pale House Chanty Trustees. Two new twstees- Mrs Maggie Cow"e and Mr Robert Rimell - were appointed
during the year.
Risk manageme
The trustees have a duty to identsfy and review the risks to wh￿h the charity is exposed and to ensure
appropriate controls are in place to provide reasonable assurance against fraud and error.
STATEMENT OF TRUSTEES. RESPONSIBIL￿lEs
The Iruslees are responsible for prepanng the Report of the Trustee5 and the financial statements in
accordance with applicable law and United Kingdom Accountsng Standards (United ￿ngdorn Generally
Accepted Accounting Practice).
The taw applicable to charities in England and Wales, the Charitses Act 2011. Charity (Accounts and Reports)
Regulab"ons 2008 and Ihe provisions of the trust deed fequires the Iruslees to prepare financial statements for
each financia5 year which gNe a true and fair view of the stste of affairs of the chatity and of the incoming
resources and application of resources, including the income and expenditure, of the charity for that period. In
preparing those financial ststements. the trust￿ are requireil to
select suitable accounting pjlicies and then appty them consistenty,"
observe the methods and principles in the Charity SORP.,
make judgements and estimates thal are reasonable and prudent.
prepare the financial statements on Ihe 90ing concem basi5 unless li is inappropriate to presume that Ihe
charity will conts'nue in business.
The trustees are responsible for keeping proper accounting records which disclose wth reasonable accuracy
al any lime the financial FKJsition of the charity 2nd to enable them to ensure that the financial slalemenls
comply with the Charities Act 2011, the Charity {Accounls and Reports) Regulations 2008 and the provisions
of the ttusl deed. They are also reswnsible for safeguarding the assets of the charity 2nd hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board ol trustees on 28 Juty 2022 and signed on its behalf by..
N C Fud8y - Trustee
Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
PATE HOUSE CHARITY
Independent examinerfs report to the trnslees of Pate House Charrty
I report to Ihe charity trustees on my examination of the acoJ)unts of Pate House Chanty (the Trust) for the
year ended 31 March 2022.
Responsibilities and basis of report
As the charity tnjslees of the Trust you are responsible for the preparats'on of the accounts in accordance with
the requiretnents of the Chanties Act 2011 {'Ihe Acf)-
I report in respect of my examinat"Ton of the Trusfs accounts camed out under seth.on 145 of the Act and in
carrying out my examination I have followed all applicable Directions given by the Charity Commission under
section 14515llb) of the Act
Independent examinetrs statement
I have completed my examination. I confim that no matertal matters have come to my attention in connection
with the examination giving me cause lo be5ieve that in any material respect..
accounting records were not kept in respect of the Trust as required by seth.on 130 of the Act," 01
the accounts do not accord with those records", or
the accounts do not comply wlth the applicable requirements Con￿rning the form and content of
accounts set out in the Chatrtie5 IAGGounts and Reports} Regulations 2008 other than any requirement
that the accounts give a true and fair view which is not a matter considered as part of an independent
examination.
I have no concems and have come across no other matters in connecb.on with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Roger Dowmes FCA
ICAEW
And0￿an Limited
6 Manor Park Business Centre
Mackenzie Way
Cheltenham
Gloucestershire
GL519TX
28 July 2022
Page 4

PATE HOUSE CHARITY
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2022
31.3.22
Unrestricted
fvnds
31.3.21
Total
ftjnds
Notes
INCOME AND ENDOWMENTS FROM
Charitable activities
Chantable activities
43,712
58,009
Investment income
Other income
665
33
400
350
Total
44,410
58,759
EXPENDITURE ON
Charitable activitie5
Charttable activities
38,099
39,235
Net gains on investments
1,360
2,664
NET INCOME
7,671
22,388
RECONCILIATION OF FUNDS
Total funds brought forward
294.425
272,037
TOTAL FUNDS CARRIED FORWARD
302.096
294.425
The notes fomi part of these financial statements
Page 5

PATE HOUSE CHARtrY
STATEMENT OF FINANCIAL POSITION
31 MARCH 2022
31.3.22
Unrestricted
funds
31.3.21
Total
funds
Notss
FIXED ASSETS
Tangible 2ssetg
Investments
304,921
29.050
320,970
17,027
10
333,971
337.997
CURRENT ASSETS
Prepayments and accrued income
Cash al bank
417
22,589
409
19,283
23.006
19.692
CREDITORS
Amounts falling due within one year
11
{7.631)
{9,7141
NET CURRENT ASSETS
15,375
9,978
TOTAL ASSETS LESS CURRENT
LIABILITIES
349,346
347,975
CREDITORS
Amounts falling due after more than one year 12
147.2501
{53,5501
NET ASSETS
302,096
294,425
FUNDS
Unrestricted funds
14
302,096
294,425
TOTAL FUNDS
302,096
294,425
The financial statements were approved by the Board of Trustees and authorised for issue on 28 July 2022
and were signed on rts behalf by=
N C Fudey- Trustee
J A Cox - Trustee
The notes fomi part of these financial statements
Page 6

PATE HOUSE CHARrrY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
ACCOUNTING POLICIES
Basi5 Of preparin9 the flnanclal statements
The financial statements of the charity, which is a publr benefit entity under FRS 102, have been
prepared in accordance with the Chanlies SORP IFRS 1021 'Accounting and Reporting by Charities..
statement of Recommended Pract"ce applicable to charities preparing their accounts in accordan
with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021
leffective 1 January 20191,, Financial Reporb"ng Standard 102 'The Financial Reporting Standard
applicable in the UK and Republic of Ireland, and the chanb.es Act 2011. The financial statements have
been prepared under the historical cost convention, with the ex￿ptIOn of investments which are
included at market value, as modified by Ihe revaluation of ￿rtain asseis.
The trustees have considered the cash flow requiiements of the charity for a penod of greater than
elve months from the dale of approval of these financial statements, paying swific attention to the
financial effects of the uncertaintses created by the outbreak of the covid-19 pandemic.
Whilst acknowledging that times remain highly uncertain, but encouraged by the continuation of
incorne stream5 throughout the outbreak lo date, the trustees are confident that they can generate the
income streams necessary lo cover the charity's outgoings for the foreseeable fvture and that, as a
result, the charrty remains a going concern. The trustees have consequently drawn up the financial
Statements Oll that ba515.
Income
All income is reco9nised in the Statement of Financial Activities once the charity has entrtiement to the
funds. il is probable that the income V￿11 be received and the amount can be measured reliably_
Expendituro
Liabilities a￿ recognised as expenditure as soon as there is a Segal or constrltctive obligation
cornmitting the charity to that expenditure, it is probable that a transfer of economic benefits will be
required in settlement and the amounl of the obligation can be measured reliably. Expenditure is
accounted for on an acctuals basis and has been classified under heading5 that aggregate all cost
related to the category. Where costs cannot be direcuy attn"buted to pa￿Cular headings they have been
allocated to activities on a basis consistent the use of resources.
Tangible fixed assets
Housing property is stated at cost less depreciabon. Depreciab"on is calculated on 8 straight line basis
over 25 years frorn 2018.
Other assets are capitalised based on their expected use￿1 life and being of a value that would be
deemed not to be general operating expenditure.
Taxation
The charity 15 exempt from tax on its charitable acttvities.
Fund accounting
Unrestricted funds can be used in accordance wilh the charitable objectives at the discretion of the
trustees.
Restricted funds can only be used for parb"cular restn.cted purposes within the objects of the charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted
puiposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial
statements.
Inveslrnents
Investments are valued at market value at the balan￿ sheet date, being the Midd￿ prices provided by
the managers. Profits or losses arising on realisation and unrealised gains and losses at year*nd are
dealt with Ihrough the Statement of FinanGial kntsvibe5..
Page 7
continued...

PATE HOUSE CHARrrY
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022
INVESTMENT INCOME
31.3.22
31.3.21
Investment income
Deposit account interest
663
378
22
665
400
INCOME FROM CHARrrABLE ACTIVITIES
31.3.22
31.3.21
Activity
Maintenance contribub'ons Charitable activFb'es
Grants
Charilable activities
43,712
38,009
20,000
43,712
58,009
Grants received, included in the above, are as folk)ws:
31.3.22
31.3.21
Almshouse Association
20,000
OTHER INCOME
31.3.22
31.3.21
Gift Aid
350
CHARITABLE ACTWThIES COSTS
Direct
Costs (see
note 6)
Support
costs (see
note 7)
Totals
Charitable a¢￿VibeS
28.084
10,015
38,099
DIRECT COSTS OF CHARITABLE ACTIVITIES
31.3.22
31.3.21
Cleaning
Insurance
Subscriptions
other property costs
Repair5 and maintenan
Establishment costs
DepieGiabon
1.117
1,411
261
45
7.174
2.027
16,049
426
1,260
182
45
2,811
3,008
16,049
28,084
23,781
Page 8
continued...

PATE HOUSE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - contlnu•d
FOR THE YEAR ENDED 31 MARCH 2022
SUPPORT COSTS
Govemance
costs
Charitable activtties
10,015
Support Cosls, included in the above. ate as follows."
31.3.22
Charitable
activibes
31.3.21
Total
activib'es
ndependent examiners fee
Secretarial assistance
Office costs
Legal fees
Loan arrangement fee
1,128
8,205
682
1,136
8,229
689
2,400
3.000
10.015
15,454
TRUSTEES. REMUNERATION AND BENEFITS
There were no trustees, remuneration or other beneffts for the year ended 31 March 2022 nor for the
year ended 31 March 2021.
Trustees. expenses
One trustee received reimbursement of £1,03812021-. £1,755) for expenses incurred on the charity's
behalf.
TANGIBLE FIXED ASSETS
Freehold
propety
COST
At 1 April 2021 and 31 March 2022
370,453
DEPRECIATION
At 1 April 2021
Charge for year
49,483
16,049
At 31 March 2022
65,532
BOOK VALUE
At 31 March 2022
304.921
At 31 March 2021
320.970
Pate's Almshouse was ￿nStrUCted in the late Nineteenth Century and extended in the late tsventieth.
There is no record of the original cosL which for FRS102 purposes in 2018 was taken as being £100
plus the cost of extension in 1980 of £75,235. Further addrtions since then are shown al cost.
The number of units of Housing Accommodation remained al 10 uniis throughout the year. having
been increased from 8 to 10 duiing the previous year.
Page 9
continued_..

PATE HOUSE CHARITY
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31 MARCH 2022
10. FIXED ASSET INVESTMENTS
Unlisted
investments
MARK￿ VALUE
Al 1 April 2021
Additions and dividends reinvested
Revaluations
17,027
10,S63
1,360
At 31 March 2022
29.050
NET BOOK VALUE
At 31 Maich 2022
29.050
At 31 March 2021
17,027
There were no investment assets outside the UK.
Cost or valuation at 31 March 2022 Is represented ty-
Unlisted
investments
Valuatson in 2020
Valuation in 2021
Valuation in 2022
Cost
(1,4861
2,864
1,360
26,312
29,050
The investments at matket value ¢omprise the following..
2022
2021
Accumulalion of Income
1,191.745 {2021. 755.8251 BLK Charities UK Equity Futbd A Ac£
17.486 BLK Charities UK Bond Fund A Acc
28,172
878
16,106
921
29,050
17,027
Page 10
continued...

PATE HOUSE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022
11. CREDITORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR
31.3.22
31.3.21
(Xher loans {see note 131
Trade creditors
Other creditors
Accrued expenses
6,300
6,300
97
2,129
1,188
1,237
7,631
9,714
12. CREDITORS: AMOUNTS FALLING DUE A￿ER MORE THAN ONE YEAR
31.3.22
31.3.21
Other loans (see note 131
47,250
53,550
13. LOANS
An analysis of the malurity of loans is gNen t￿loW..
31.3.22
31.3.21
Amounts falling due wthin one year on demand..
Almshouse Asswialion loan
6,300
6,300
Amounts falling between one and hvo years".
Almshouse Association loan
6.3CHJ
6.300
Atnounls falling due betw￿￿ Iwo and five yeat5".
Almshouse Association loan
18,900
18,900
Amounts falling due in more than fve years:
Repayable by instalmenls=
Almshouse Association loan
22,050
28,350
14. MOVEMENT IN FUNDS
Net
movement
in funds
At
31.3.22
At 1.4.21
Unrestricted funds
General fund
2g4.425
7.671
302,096
TOTAL FUNDS
294,425
7.671
302,096
Nel movement in funds, included in the atxjve are as follows..
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
Unrestrlcted funds
General fund
44.410
138.099)
1.360
7,671
TOTAL FUNDS
44.410
138.099)
1,360
7,671
Page 11
continued...

PATE HOUSE CHARttY
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022
14.
MOVEMENT IN FUNDS - Continued
Comparatives for movement in funds
Net
movement
in funds
Al
31.3.21
At 1.4.20
Unrestritted fvnds
General fund
272.037
22,388
294,425
TOTAL FUNDS
272,037
22,388
294,425
Comparative nel movement in funds, included in the above a￿ as follows:
In(xJming
Resour￿5
resour￿$ expended
Gains and Movement
losses
in funds
Unrestricted funds
General fund
58.759
{39.235)
22,388
TOTAL FUNDS
58.759
{39,2351
2.864
22.388
Designated Funds
Cyclical Repairs and Maintenance Reserve
Reserve for regular prcMJr2mme of cyclical repairs and maintenance.
15. RELATED PARTY DISCLOSURES
Aspey Lawrence & Co Ltd
A company in which Mr D Lawrence is a direetor and shareholder
Dunng the year the charity plxed insurance business vthh the related party on an amis, length basis.
The value of premiums paid was £21512021= £215).
Page 12