Charity reglstration number 1172357 (England and Wales)
PATE HOUSE CHARITY
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

PATE HOUSE CHARITY
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mrs M J Cowe
Mr G N Gregory
Mr J B Buchan8n
Mr D Lawrence
MrRMay
Mrs C Price
Mr R B Rimell
Mrs R Rowland
Mr M R Devereux
Mr N Hosken
{Appoinled 7 November 20241
Chaylty number (England and Wales) 1172357
Pvlnclpal address
16 Albion Street
Chellenham
Glouceslershir8
GL52 2LP
Independent examlner
BK Plus Limited
6 Manor Park Business Centre
Mackenzie Way
Cheltenham
Gloucestershire
England
GL519TX

PATE
OUSE CHARITY
CONTENTS
Page
Truslees. report
Independent examiner's report
Slalenient of financial acliviti&s
Slalenienl of financial position
Notes to the financial statements
7-12

PATE HOUSE CHARITY
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their annual report and financial statements for the year ended 31 March 2025.
The financial statements have been prepared in accordance wilh Ihe accounting policies set out In note 1 to the
financial statements and comply with the 's governing document. the Charities Act 2011. FRS 102 "The Financial
Reporting Standard applicable in the UK and Republic of Ireland" and the Chafilies SORP 'Accounting and
Reporting by Charilies.. Slalemenl of Recommended Practice applicable to charilies preparing Iheii accounts in
accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland IFRS 1021"
Objectives and actlvities
The Objecls of the ¢harily, a5 registered with the Charily Commission, are Ihe provision of almslioiises foi" poor
persons of good character who are nol le55 than 60 years of age or are infirm, are resident or were born in the
Borough of Chellenham provided that preference shall be given to applicants Qualified as aforesaid who are single,
widows or widowers. If, on the occasion of a vacancy, Ihere is no suitable applicant who qualifies as aloresaid, the
Iru5tees may appoint as a residenl a person otherwise duly qualified who is resident or was born in the parish ol
Leigh in the county of Glouceslershire.
The Charity's Aims are..
lo provide a quality and professional service for the well being of the residenls ol Pale House, Cliellenhaiii,
lo ensure the fabric and essential IixluTes and fillings are maintained al an above good standard as laid
clown by interested bodies i.e. DSS and the Almshouse Association.
lo pay due cognisance lo the regulations laid down by the Almshouse Association and other interested
bodies in Ihe care for the elderly;
lo explore opportunities and lake advantage of situations which may lead lo the expansion of the current
accommodation under the care of Ihe Trustees and which will be within the Trust's financial slatLIS
Publlc beneflt
In planning the Charity's aclivilies the Iruslees kept in mind the Charity Commission's guidance on public benefit,
The focus of the Charity's activities during the period. which explains the delivery by the Charity of public benefit, is
set out below under'Achievemenl and performance, and above under'objeclives and aims,.
Achievements and performance
Charltable a¢tlvltie5
l am delighted lo report that Pale House continues to successfully provide accominodalion lo the residents as il has
been since its foundation in 1574. The residents and Trustees may change bul Pale House reniains con)mitled lo
providing affordable accommodation in accordance with the wishes of Richard Pate when he founded the original
AlmshoLlSe.
Before proceeding with my report. I would like lo take this opportunity lo recognise the oiitslaiiding contribulioii lo
P8le House of my predecessor Noel Furley who stood down as Chairman al last year's AGM after 28 yeais seivice
as a Trustee. I know that we will all miss him.
As reported in the draft Accounts, there was a full loft inspection carried out and, following the decision lo replace
the insulation in both front and rear blocks, this has been SLiccessfully conclLided. Our thanks lo BrLice aiid Robert
for their sterling work in dealing wilh these issues and Ihe conlfactors. l am also delighled lo report Ihal full
payment oflhe works has now been made.
The highlight of the year has been the celebration of the 450Th Anniversary of Ihe foundolion of Pale House We
were delighted lo welcome Paul Baker {Mayor of Chellenhaml, Dr James Richardson (Head of Pale s Gr3miiiai'
School) Robert MJcDonald (Head of the Richard Pate School) and Alex Chalk lunlil recently Ilie MP foi
Chellenhaml lo our celebration held in the gaiden of Pale HoLise on 12 Jtjly 2024. The event was also allended by
several of the residents and il was a delight for me to meet Ihern in person (some for the firsl linie I I woulo i
h81Ik
Rosemary, Claire and Mag9ie for the hospilalily extended lo our guests.

PATE HOUSE CHARITY
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Financlal review
FinanLial position
The Charily's finances are sufficiently sound enough for Trustees to approve some major refurbishment, The loan
froni the Alnishouse Association is comfortably reducing and Trustees have met the compliance regulations at
Barclays Bank.
Reserves policy
The unreslricled reserves ale available for Ihe day to day running for the charity.
The overall po1￿CY is lo be in a position lo have sufficienl reserves for new builds. acquisitions or joint ventures and
this Is conlinuolisly explored The present leve15 of rese￿e5 are not sufficient for Ihe Iruslees lo progress with any
of the proposals pul forward lo dale. It is Ihe trustees, intention to build the charity's rese￿eS to enable them to be
ulilised or this purpose.
Plans for futiire periods
Uiiloittuiialely, dLiring the course of the year, Purvi Shah (Clerk lo the Trusleesl tendered her resignation. Plirvi was
a stalwart ol the Charity for maiiy years and provided invaluable support and assistance lo the Trustees durlng that
lime. I woiild wish lo record my personal thanks lo h8r for everything that she has donè. We are currently looking
lor a replaceineiil and look lo fill the position shortly In the meantime, the workload is being shared among the
TrLislees and Maggie has Kindly taken on the adminislralive roles for whlch l am most grateful.
Duriiig the year we have also welcoined on lo Ihe Trustees, Mark Devereux who will provide invaluable financial
assistance and gLiidance for Ihe lulure. He has already made good progress with the handover from Purvi and
taking over Sage. 5 have recently been able to sel up the bank feeds which has given Mark the ability to download
bank transactions direct.
I would conclLide by once again thanking my fellow Trustees for all the hard work and support that they give during
the year and wilhoul whom Pale House could not continue lo be the success it is.
Structure9 governance and management
Governing documeiit
Pales Eslale was foLinded in 1514 and the Foundation was formed in 1881. In 1811 Pale House rnoved lo Ihe
present sile 3nd in 1987 the rear block was built. After the new Education A¢t of 1980 Ihe Charily Commission
recommeiided that Pale House become an Independent Charitable Trust which was set up in 1987 and registered
with the Charity Commission under reference 220805. On 18 Augusl 2001 the Trust deregislered from the Housing
Corporation.
Iii April 2018 the activities of the Charitable Trust were transferred lo this entity, a Charitable Iiicorporated
Orgaiiisalion ICIOI wilh the same name and objectives. The aclivities of the charily are therefore governed by the
incorporation docunienl of Ihe CIO.
liidiiction and traSning of new triistees
The Ti'Lislees are appoinle(J from three SOLirces
Pale's Grammar School Foundation, Corpus Christi Oxford and
Co-opted Truslees. New Trustees are appointed by the source from which the vacancy arises. A Trustee, when
nominated, has lo be approved bolh by the relevant Sour￿ nominciting himlher and by the full Pate House Charity
Ti'uslees.
Risk mana9einent
The li Lislees have a dLily lo identify and .-eview the risks lo which the charity is exposed and to ensure appropriate
contro15 are in place to provide reasonable assurance against fraud and error.

PATE HOUSE CHARITY
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Statement of trustees. responsibilities
The trustees are responsible for preparing Ihe Truslees, Report and the financial slalen)enls in accordaiice with
applicable law and United Kingdom Accounting Standards (United Kingdom Genei'ally Accepted Accounting
Practice).
The law applicable lo charities in England and Wales requires the trLlStees to prepare financial slalemenls for each
financial year which give a true and fair view of Ihe slate of affairs of the and of the Incoining resoul'ces aiid
application of resources of Ihe for that year.
In preparing these financial slatemenls. the trustees are required lo..
select suitable accounting policies and then apply them consistenlly.,
observe the methods and principles in Ihe Charilies SORP.,
make jLidgemenls and eslimales Ihal are reasonable and prudenl.,
slate whether applicable accounting standards have been followed, subject lo any material departures disclosp.d
and explained in the financial slalemenls; and
prepare the financial slalemenls on the going concern basis unless il is inappropriate to presuine that Ihe charity
will Gontinue in operation.
The Iruslees are responsible for keeping adequate accounting records thal disclose with reasonaole accuracy al
any lime the financial Posltion of the and enable them lo ensure that the financial staleinenls cormply with tlie
Companies Act 2006. They are also responsible for safeguarding the assets of the and hence for taking reasonable
steps for the prevention and detection of fraud and other irregularities.
The Iru51ees' report W8s approved by the Board ofTrustees.
Mr G N Gregory
Trustee
25 July 2025

PATE E40USE CHARITY
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF PATE HOUSE CHARITY
I report lo the
IfLislees on my examination of the financial statements of Pate House Charlty (the ) for the year
endeu 31 DAarcli 2025.
Responsibilities and basis of report
As the IrLisleea of the you are responsible for the preparalion of Ihe financial statements in accordance with the
requirements OT Ihe Cliarilies Acl 2011.
I report iii i-especl of my examination of Ihe 's financial slalements carried out under section 145 of the Charities Act
2011. In carrying OLII my examination I have followed the Directions given by the Charity Commission under section
14515llbl of the Charities Act 2011.
Independent examlner's stateinent
Your allenlion 1> drawn lo Ihe fact Ilial the charity has prepared the hnancial statements in accordance wilh the
I'e5evanl versioii of Ilie Slalemenl of Recommended Practice applicable lo charities preparing their financial
slaténienls in accordance INilh Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS
1021 in preference lo the Accounting and Reporting by Charities.. Slatemenl of Recommended Practice issued on 1
April 200J which is rplerred lo in Ihe exlanl regulations bul has now been withdrawn. l understand th81 this has
been done in order for the finan¢ial slalemenls lo provide a true and fair view in accordance with UK Generally
AccepleL1 AcknQiiiiling Praclice,
I liave coniplg..
ed IMY examination. I confirm that no matters have come lo my atlenlion in connection with the
examination givin9 me cause lo believe that in any material respect".
accoLinlin' records were not kept in respect of the as required by section 130 of the Charities Act 2011.
the financ JI slaleinenls do not accord with those records., or
the financ al slalements do not comply with the applicable requirements conceming the form and content of
financial ,lalemrnnls sel out in the Charities (Accounts and Reports) Regulations 2008 other than any
reqLiirem( It Ilial the financial slaleme.nts give a true and fair view, which is not a matter considered as parl ol
an indepE ident examination.
I have no concarns and have come across no olher matters In connection with the examination lo which atlention
should be draw, n in this report in order to enable a proper understanding of the financial statements lo be reached.
Cinzia Heiisle, FC
Chartered Cer tied Arcounlanls
BK PILIS Lim11£ 1
6 Marioi Park bLJsiiiess Centre
Maclfenzie W.
C'hellenham
Cilouce51ersliii
LiL51 9TX
England
?5 Jlily 2025

PATE HOUSE CHARITY
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
UnrestYl¢ted
funds
Unrestrie.tQfl
funds
2025
2024
Notes
Income from:
Charitable activities
Investments
48,421
1,442
47,612
Total income
49 863
Expeiidlture on:
Charitable activities
41,67-1
Total expenditure
57,844
Nel gainslllossesl on investments
1.236
861
Net incomel(expendlture) and movement In funds
(nJ 745
Reconcillation of funds:
FLind balances al 1 April 2024
292,951
283 656
Fund balances at 31 March 2025
286.212
292 QJf7

ATEH
USE CHARITY
STATEMENT OF FINANCIAL POSITION
AS A T 31 MARCH 2025
2025
2024
Notes
FSxed asset5
Tangible assets
Investments
256,775
33.910
272,824
31,563
290.685
304,387
Cibrrent assets
Prepayments
Cash al bank and in hand
10
486
31,177
457
30,428
31.663
30,885
Creditors: amounts falling due
within one year
11
(7,786)
17,6651
Net current assets
23,877
23,220
Total assets less current Ilabllitios
314,562
327,607
Creditors: amount6 falling due after
more tlian one year
12
128,3501
134,650}
Net assets
286,212
292.957
The funds of the
Unreslricled fLinds
14
286,212
292,957
286.212
292,957
The financial statements We￿ approved by the trustees on 25 July 2025
Mr N-frFudey
Tyustee

PATE HOUSE CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
1.1 Accounting convention
The financial statements have been prepared in accordance with the 's governing éocuiiipnt, the Charities Act
2011, FRS 102 "The Financial Reporting Standard applicable in the UK ayd Republic of Ireland and the
Charities SORP "Accounting and Reporting by Charities.. Slalemenl of Recoiiimended Practice applicable 10
charities preparing their accounts in acGordance wilh Ihe Financial Reporting Slandafd applicable Iii Ilio Ul(
and Republic of Ireland IFRS 1021" The is a Public Benefit Enlily as defined by FRS 102
The financial slalemenls have departed from the Charilies (Accounts and Reports) Regulalioiis 2008 only lo
the extent required to provide a true and fair view. This departure has involved lollowiiig the Slaleinenl ol
Recommended Practice for charities applying FRS 102 rather than Ihe versioii of the SlaleiMenl of
Recommended Practice which is referred lo in the Regulations but which has since been withdrawn.
The financial 51atemenls are prepared in sterling, whi¢h is the functional currency of the , Monetary aniounls
in these financia1 slalements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, Inodified lo iiiclLide Ilie
revaluation of fre8hold properties and lo Include investment properties and Certain financial Instruments al fair
value. The principal accounting policies adopted are set out below.
1.2 Going concern
The Iruslees have considered the cash flow requiremenls of the charity for a period of greater than twelve
month5 from the dale of approval of Ihese financial statemenls.
Whi5sl acknowledglng Ihal limes remain highly uncertain, the trustees are confidenl that they can generate the
income streams necessaiy lo cover the charity's oulgoings for the foreseeable future and Ilial, as a resLIII, the
charity remains a going concern. The trustees have consequenlly drawn up 1he financial slalemenls on that
basis.
1.3 Charltable funds
Unreslricled funds can be used in accordance with Ihe charilable objectives al the discretion of the IrLlStees.
Reslricled funds can only be used for parlicular reslricled purposes wilhin the objects of the cliarity.
Restrictions arise when specified by the donor or when funds are raised for parlicular reslricled purposes.
Furthef explanation of the nature and purpose of each fund is included in the notes lo the finaiiei31
slalements.
1.4 Income
All income is recognised in the Slalement of Financial Aclivilies once the charily has enlillement lo the funds,
il is probable that the income will be received and the amounl can be measured reliably.
1.5 Expenditure
Liabilities are recognised as expenditure as soon as Ihere is a legal or constructive obligation COTniiiilting the
charity lo that expenditure. it is probable Ihal a Iransfer of economic benelits will be required In seltlenieiil and
the amount of the obligation can be measured reliably Expenditure is accounted for on ali accruals basis and
has been classified under headings that aggregate all cost related lo the category Where costs cannot be
directly allribuled to particular headings thèy have been allocated lo activities on a basis ¢onsislenl with the
Use of resources
1.6 Tangible fi)(ed assets
Holising property is slated at cost less deprecialion. Depreciation is calculated on a slraighl line basis ovef 25
years from 2018.

PATE HOUSE CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
(Continued)
other assets are capilalised based on their expecled uselul life and being of a value that would be deemed
not lo be general operating expenditure.
1.7 Iiive5tment5
Inveslrnenls are valued al marke+ value al Ihe balance sheet dale, being the middle prices provided by the
nianagers. Profits or losses arising on realisalion and unrealised gains and losses al year-end are deall with
Ihroligh Ihe Slalemenl of Financial Aclivilies..
Incoine from charitable activities
Unrestricted
Vnrastrlcted
funds
fuiids
2025
2024
Maintenance conlribulions
48,421
47,612
Income from invostments
Unrestrlcted Unrostrlctad
fui?d8
funds
2025
2024
Investment Income
1,442
2,505

PATE HOUSE CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Expenditure on charitable activities
Total
Total
Direct costs
Depreciation
Cleaning
Insurance
Subscriptions
Other prDperty costs
Repairs and maintenance
Eslablisbment costs
16,049
1,Q72
38
45
3,145
49,463
31,438
Share of support and governance costs (see note 5>
Support
10,239
57.b44
41,677
Analysis by fund
Unresiricled funds
57.844
Support costs allocated to activitie6
2025
2024
Independent examiners fee
Secretari81 assisl8nce
Off ice costs
1,241
8,381
1U.23CI
Trustees
None of the Irusleès (or any person5 connected with them) received any remune", aliny or henefits Troin Ilie
during the year.
Trustees. expense5
Five Iruslees received lolal reimbursements of £475 (2024.. £5021 f9r expenses Inci".rred ori the cliarily s
behalf.
Taxation
The charity is exempt from taxation on its activities because all its income Iq applied for charitable purpoges.

PATE HOUSE CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Tangible fixed assets
Freehold
land and
buildlngs
Cost
Al 1 April 2024
370,453
Al 31 March ?025
370,453
Depreclation and impairment
Al 1 April 2024
Depreciatioii charged in the year
97,629
16,049
Al 31 Marcli 2025
113,678
Carrying '.mount
Al 31 Marci
?025
256,775
Al 31 Marc 1024
272,824
Pale's Alm.. louse was constructed in the late Nineleenlh Century and extended in the late twentieth. There is
no record c the original cost. which for FRS102 purposes in 2018 was taken as being £100 plus the cost ol
extension ir 1980 of £75,235. Further additions since then are shown at cost.
The numbÉ If units of Housing Accommodation remained at 10 units throughout the year.
Fixed as., t investments
Unlisted
investments
Market v. li 8
Al 1 April 2
Revalualio, .
Addilioiis ¢ I I dividends reinvested
31,563
1,236
Al 31 Maic
),J25
33,910
Carrying Il. ioiint
Al 31 Marc 2)25
33,910
Al 31 fvlarc,
.024
31,563
10-

PATE HOUSE CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Fixed asset investments
(Continued)
2025
2024
Investments at fair value Comprise..
Valuation in 2020
Valuation in 2021
Valu81ion in 2Q22
Valuation in 2023
Valuation in 2024
Valuation in 2025
Cost
11 4861
2,864
1.360
14.141
861
1,236
11,4861
2,864
1,360
14141
861
28,378
33.910
31,563
The investmenls at market value comprise the following-.
2025
2024
Accumulation of income
1,191.745 BLK Charities UK Equity Fund AACC
17.486 BLK Charities UK Bond Fund AACC
33,095
815
30 7GO
803
33.910
31,563
10 Debtors
2025
2024
Amounts falling due wlthln one year:
Prepayments and accrued income
486
457
11 Creditors: amounts falling due within one year
2025
2024
Notes
Other loans
Trade creditors
Accruals ar)d deferred income
13
G.300
82
1,404
6,300
1.365
7,865
12 Credltors: amounts falllng due after more than one
year
2025
2024
Notes
Other loans
13
28.350
34.650
11

PATE HOUSE C
ARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
12 Cweditors: amounts falling due after more than one
year
(Continued)
13 Loans and overdyafts
2025
2024
011)er loans
34,650
40,950
Payable within one year
Payable after one year
6.300
28,350
8,300
34,650
14 Unrestricted funds
The Linreslricled funds of the charily comprise Ihe unexpended balances of donations and grants which are
nol SLibiecl lo specifi¢ conditions by donors and granlors as to how they may be used. These inclLide
designated funds which have been Set aside out of unrestricted funds by the Iru51ees for specific purposes.
At 1 April
Incoming Resources
2024 resources
expendod
Galns and At 31 March
losses
2025
Geiieral funds
292.957
49,863
(57,844)
1.236
288,212
Previou5 year:
At 1 April
2023
Incoming Resources
resources
expended
Gains and At 31 March
losses
2024
General fund5
283,656
50,117
141,677)
861
292,957
15 Related party transactioiis
Aspey Lawi'ence & Co Limited
A company iii which D Lawrence is a dlYe¢tor and shareholder
During Ihe year the charily olaced insurance business wilh the related parly on an arm's length basis. The
valLie of Ihe premiums paid w3s £23212024 £215}.
12-