Sherf)urn House Charity Trustees. Annual Report Board of Trustees. Report and Operating and Financial Review for the year ended 31 March 2025 Sherburn House Charity Registered Charity Number: 1177535 Homes England Registration Number: A3494 Companies House Registration number: 11196374 Sherburn House Charity Contents SECTION 1 Reler*n(* and Administrative Details page 1 SECTION 2 Board of Tnjstees. RerKJrt indudiNJ Strategic pago52-5 SECTION 3 Slalement of Board of Twslees on internal financial contrc4 page 6 SECTION 4 Sta18m8nl of Board of TnJ81888' reS￿￿81￿MIlts.8s page 7 SECTION S Indepenlloni audiW$ fOkK)rt to 8o¥d ol Twsw ofshethm Hwse Charity pago8-10 SECTION 6 Slalement of Finanua Acti¥Atie5 Ihe peric*J ended 31 March 20251& prior yearl pago11111111 SECTION 7 Balance 5h881 a5 al 31 Marth 2025 pago12 8ECTION 8 S¢alem8nl of Cash Fl)w5 for the pe￿rfj ended 31 Marth 2025 pago13 8ECTION 9 Notes lo thg finan¢kql $tate￿I$ for Ihg perit>J endgd 31 March 2025 pa¥• 14.28 Sherburn House Charity Section 1 Reference and Administrative Details PrinGipal oifice Ramsey House Sherburn HoskNtsI Ourham OHI 25E Registered Office Sandgale H(xJ&e 1Q2 QUayS￿e Nexastle up)n T NE1 30X Legal Status RegislereLI wth the Charibes Commi881 Rgg. No. 1177535 Registered as a Social Landl¢Yd wth Hornes England Reg. No. A3494 Reg. ￿J. 111*374 BOARD OF TRUSTEES Mr Joseph WilkinsoTh IChairtrrxTr 01.09.201 Mr Jeffery Paul Breen- I￿pL￿n1￿j 03.09.19 Mrs Hasley Quinn- Apwnle(101.09.20 Mrs Gillian Elizabeth Marshall. Apptyntsd 08.12.20 Co¥*J Mr George Adair- Appointed 11 05.21 Mrs L8Jr¥ Devan8y- Appoinied 07.02 23 Mr Adrian Mark Timothy Massey. Apw"nt8d 11.02.25 Ctrw•J Flomlnotsd by KEY MANAGEMENT PERSONI4EL ¢hlof Execuiivo Ms Pauline 818 A¢¢oyn¢•nt Mr Peter Pybu5 R•glBlerod M•nzg•r Mrs Tanya Port￿uSe J•lng & M81nton•nce Offlc•r Mts Jo$¢phine Marad ADVISOR8 Audltor- External Azels Audil Serwice$ 8ulman House Regeni Centre Gosforth Newca811fr upon Tyne NE3 3LS Inv•*tm&nt Alan•B RBC Wphin Ltd. Tirne Cenlral Galwte NeYK4$tye upon Tyt NE14SR B•nk•r• Uoyd8 Bank 19 Market Pl Durham DH1 3NL Inv•$tm•nt M*nag•r 18ank•r UBS Wealth Management 2 Sl J8me¥' Gat8 NeYKastle uw)n TYT NE4 7JH Ward Hada￿￿Y 58ndyaie HDuse 102 Quayside N8W4¢a$iie upon Ty NE1 3DX Sherburn House Charity Section 2 Board of Trustees. report including Strategic Review including Director's report The trustees. are directors forthe purposes ofc(Knpany present Ihe annual report indudiw Strategic Review t￿ether ￿1th the rinandal slaletnenls and audit(￿. repDrf ofthe Lthan￿e company for the >Tarended 31 March 2025. Structure overnance and mana ement Nature of governing document The Charity Is a regis￿red Charffjy under the Ch8nves Aci 2011 and 1$ regula1￿ by its Articles of AssWa￿on. The Chariiy is also rogistered vAlh Homes Eng￿n￿ a5 3 Social Landknl under Sec*on 112lofthg Hou￿￿ and Regenerat￿ Act 2(M)8. Thi& status is furtherdaTrfiad in note 1 to the financial ¥ialements.The Ch8nly Is 8180 regi$tsred *ith the CasTr Qualty Cr*nmi$sw. Al the quartedy Board ffl£etings. the Trustees agree the bro￿1 slratgyy areas of xtivityfor the company. including housiry and residential care for older peopk, e$late and kycwty maller8. pe￿￿1 wlws. grant m8kirMJ. fin8rKe. investment. re5er¥es. risk management policie8 and health and salety. Re¢Yuibnont &t)d of tru8tee8 p￿Or 10 any r8cruiimtrnt. the Ch8im*n undort8k8s a skils gap *)8ty8i$ In ordw to r￿d ￿dI¥￿1￿￿ th th& &kill$ and kno*l&dg& required lo support the charity in its cu￿ent Y￿r￿. Applicati￿5 to a T￿￿18￿ are frryn any indwual ￿ meets Ihe rocnjitmenl ￿terIa and can empathise Kith the objeclDfes of Shtrrburn Hw88 Charity. Appllcant8 8re glv8n de1811s of Ihe hIS￿ry of Iha chaiity and th& uTrJ8nak&. and they art Suppottsd lo undar8t8nd the govemgnce requirements and that is expeded of Ihem in Iheir rrjp as a Trustee. Cand*ates meet the Chief Executive Initially lo discuss the work of the charity and lo dK8cu88 the reouiiements ￿ th? v8c4ncy. illh8y dacth 10 proceed 1¢ apply, Ihey 8re iniervlawad by Iha Ch81r, who then make5 a reGommendalirm for the awrynlmenl lo the board. Potential Trustees are Invited lo observg the next board mgeling and are apponted 81 the and of the meeling rf Ihèy 81111 thsh 10 wc salary. in barkts of £10.¢ - a summary of ppnsK)ns and olhpr tEDeffts re￿Wat￿e by staff - any'cost of liwiry changes to the pay￿Al lor all swt alcry ¥%ith a brief1￿￿￿tI￿ of wy such charqes 8oard ofTrustees' ￿e￿ngS The Board of TrLk8lees meet at leasl quarf8rfy8nd ai Ihe ftwling s<*•Ju￿￿ for 9 Sepl8mtw ￿25th8 Tru81ee$ *ill b8 invi18d lo.. lal Considei the Annual Trustee5' Rewrt 1c(xrw￿[Vj the 803rd IxlTrustees' RetKxt and C4)eralwvJ and Financial Review) for the ye8rend8d 31 M¥rth 2025.. and Ibl Approve the StateM￿tt of Tru5tee5 ￿ intemd financial contrds Ipage 61 and financK41 staternen15 Ipagp 11 onV￿rds1. Sherburn House Charity Section 2 Board of Trustees. report including Strategic Review l¢ontlnuedl Control The Board of Trustees retains re5wnsi￿ltyf0r a defined range of ¥eas co¥erYvJ Strategic. Oper3tK￿aI and financial dements. The Board of Trustees has put in p￿ce an ￿ganisa￿Onal structure deady define5 lines of responsibility and delegations of authority. Th888 are found in the Ch8rty'$ fNnci81 regulalic*)s. standiw order¥. treasury mawem￿l and n8k manag8menl 8rrangem8nls. Informatlon R8POrtlng Sy8tom8 Financial reporting syslein5 Include rpguL3r revM*8 of an overan rin*L¥al bu$inBs$ tYaparatvJn of detalled annual budgets and the pr(rtlu¢tion of delaile(l rnonlhly management accounts. These are prepared by Ihe Executive Team and are ¢onsKlered and aptxoved by the Board ofTrustsBs. Monltorlng A process of regular manag8M￿l M(￿rt01*¥j ￿ conircl L88tw prov¥J88 assw8tKe ￿ 88nk*m8wers and to th8 Board of Trustsa8. Th18 Indudes a rigorous proce55 for wsurirvj Ihat 15 taken in reLition lo any svjnifirant istsues. RIBk Mana90rnont The Charity ha5 3 comtYehensw8 risk 5trdlegy Klen1rf￿ risk managefflenl reswnsibilitie5. Flsk fflanagemenl arrangements Identify risks facing the Charity. the actin$ in ￿8¢e lo mili981e these nsks. the off￿8r$ resp)n8iN& fly each risk and tt)a mnlloring arrarKJemenls. The Board of Trustees ha3 exarnined the rnaior strale9￿ aThJ operalKxwI risks the Charity laces and cL￿filTh that $yslem$ have b￿￿ ostsblished to 8n8ble regular reports to t* prc*Juced so thal th8 r*ce5S8ry stsps can be iakon to ￿$Sen th888 risks. Prlnclpal Actlvftl Th8 prlndpal ac11vil￿S of the Charity are.. lal Previslon ol housing and resid8nlk81 c8re lty c4d8r r*c*'. Ibl'R¥ll•l ITr Need. thrwh the Provi¥￿ of ¥mall grants lo indIv￿￿￿. ¢Ygroups vkn supwyt pwpl• INlng *llhin thi bgnefi¢l414rg0 of the Charlty. Charltabl• Oblqctlv Our Mi881on 18.. To plovide reliel In need 10 pec¢48 INir#J in th8 area t￿h th8 provi8h)n ofcwe. and grant funding. Our Vi$lon l¥.. To lfflprove the qualty oflrfg for 411 vulnerablp pwpl•. Our Core Valu88 of.. Inlegnty. qualMy. car8. ¢JkJnty rw. will 1nfiu6r￿th?￿￿t do and wr attytude8 to each other. Publle Bon•fft The Trustees have C￿sid8re￿ th8 Chaiity Commi55iw's guidance on publK bBnefil arKJ 4r¢ ￿fident our charrtable purpDSes are undertaken lo further the publlc ben8111. We rev16wour obi8cttw6s and 8cINiiies exh y68r and Irtssl8eB have r818ryed lo the Chanty Comml8$lon PJbllc Ben8fi1 guidance when p￿￿nIrVY future Ktivibes. The Charity award8 grants under the heading of In Nèed". Th8 Charity entered into an 8ry8ngement %%ith The Ballingar Ch8ri1*18 Tnb81 forthem 1o8thkn1￿erGrVthB on It's behaifto Organisatlons and le lrylivklu81¥, Nnning for Irom 1 Aw"12024. Sherburn House Charity Section 2 Board of Trustees. report including Strategic Review Icontinuedl Achlev8ments and Perforniance Chair'5 Report During the past year, like many other Organisati￿S, have had to manage OUT finanaal resources rarefulty to ensure we continue to deliver quality seNces to our vulnerable resident5. The Trustees monitorttE horizon f¢Y0pwrtun￿e5 that help us expand our mi55ion and lo identify 8ny looming threats so that w8 may lak8 swfi aclion to avoid or minimise the impact of this on Ihe cryanisalion. l am pleased to r8rth that, t￿cauSe of our prudent managetnEnl we have successfully achieved t￿[ aims as set out in 2024 charity ac(xxJnts. I wish to give thanks to my fellow twslees. The b08rd is made up ol dedicaled 1nd1wduè￿ who give up their own lime in support of Ch8rity. The complex nature of th8 organIsal￿ requlres mullpskilled indi￿dual$ v￿th a broad remit of skills and expÈrienc8 lo steèr the ship, often hawng to make difficult ¢Jecision5 for the thg term benefit of Ihe Charity- This year see5 Mark Massey join the ixjard. Mark5 profe55ional experience as an Architect and his person81 slreroths Makes him a strong athyifron lo the team. l am grateful lo everyone their support and I￿k forward to worf26 1. Prowde funding lo organisalions supporting vulnerable older people Gran18 .Work Ballinger Trust to identify and distribute funds lo groups aCTO55 the North east Care 2. Improve health & w￿lIbe1r￿j outc(xnes for residents .DdNer tneanitWI acti￿￿"e$ tD residents .Improve operational efficiencies through digital Gare planning techn¢ALKJies and inlroKluce meLlI care syste .ACh￿ high custotner satisfaction Ipvels Housing & Estates 3. Maintain high quality htxjsing on slte Identify PDtential for ￿dItiOnal housin vrithin the Cha s Estate5 The Trustees h8ve reviewed the Charity's governing dor)Jment and this is cU￿entlY awaiting signoff by the Charity Commission. The new charity scheme will be adopted in the comir*J year. Pag*4 Sherburn House Charity Section 2 Board of Trustees. report including Strategic Review l¢oniinu8dl Opor•tyng Rovlew Performance In the Perlod A summary of Ihe maSn re5￿ts in Ihe TablF bekr*. Hw$lng ￿￿e* acllvities Prlor Perlod Total Non Housing Total Turwver Operating costs Oper¥tlng 8urplu8 Profil I ILos81 on salB ol InYBstmBnlS-. Accumulated incryne fund investments Capital fund invtr¥imenlS16rewln Nkthlnl Capital fund inveslmellts IU8SI Profil on $alB of fixed assels Surplus for tho porlod 2.780.507 2,527.413 253.094 1.229.825 936,113 293.712 4.010,332 3 463.526 546,806 3.804.125 3 624,867 179,258 3113 3113 3113 8.226 186,1721 186.338 8.226 186.1721 186,338 11,2781 13.770 507.804 15.499 715,OS3 253,094 402,190 655,284 Unrealised98in on investrn8nlpropety valué& Unwlisedgatn on investm$nlportfolK> valufrs 18reL*Yn IA*th?) Llnrealisedg8in on 1nvestrn8ntportfal￿1 vdu85 (UBS) Nel mov6rnenl in lunLls lorthe &wKxl 10.000 268.477 585,186 1.518,947 1.625, 120 40.625 2,297,548 The over811 surplus Iha perkjd of£655.284. coTrlawd a d8fKrt on th8 ￿j5￿(she1￿9j xcCfflft￿Jda￿¢ffjI ef.£2.26212024'. delcil-£6.269I. Flnanclal Rovl The principal accountiry pc4i¢K98 are 881 oul on pwos 14 10 19 of ￿ firwr4 slalemwts. These hwe beon 8pprov•J by the 808rd of Trustees, Unr•¥trl¢ted lund• Poll Th& Unresirlcied funds 10 be used ftr the Chanty8 98n*81 th8rilèW puwe8. A r6s8Nè of £500,r¥)) h88 been agréed 88 bèlng an appropr18t8 levd. The level of Ihese fund¥ %%ill be revi￿¢ each year as parf r4 the WfrliryJ IKc￿$. Unre8lnci8d lunds 8131 March 2025 tola1￿￿ £2.942,555, I￿L￿j d6swJn8ied funds of £1,382.570 reLgllng to Homes England Grant8. The Charity aims lo txjild back il'5 Gengral unde51gnaled funds lo a valug 01 £5￿.0[￿]. ¥%ith any fu￿1$ n excess of this ulilised lo supporf the operallng and devdopment acliviues of th8 Chanty. Unie8lDci6d lunds Ir￿$8￿ in the year byE204,8 A transler of £302,000 from the Charills UnreslriL%ed lurNJ$ to it's Extraorthnary repair fund hay been fflad&,18rgely the ptsilhf8 conlributlon made by the Care Home In the year. fcllowrrfJ the major refuthshmeni of Beth3￿1 Hwso. Itw•#tm?nt Pollof In a¢cordan¢e wth the regulatory sct*me, the Board ofTwst6es h8$ thè pwto Invest in $u¢h sto¢ks. Shares. invtstmenis 8nd property, as they see fil. The Board of Trvslee5 ha5 eryawy R8C Brwn thYF*in Limited ues Wealth Man8gewnl a$ Investment Managers lo managg ihe invtrtsiment portfolv)s on 8 di8crt1￿nary basts Within cartan p8r*))eters for assèi da68e8. Thè Board of rtvièv￿d Ihtr Charity$ in¥e$bneni pri￿￿4￿$ in Febn*ry 2009. aThJ this Yra6 also again in 2024-25. Similarfy. the Board of T￿SteE3 ervJa9pd GSC Grays. Chartered Surveyc¥s. to manage Ihe investrnenl properties and thB investmBnl properties Y￿re &ubi£cl to their indepervjeril propertyvalua11￿ as at Marth 2025. Flxod A55Qts Tangible Fixed Assels owned bythtr Charty subJ'ÈLttO 8n irvJèp*KJent valuatwjn 8$ at 31 Marth 1996. KPI'S KPI H¢bw 2025-26 Tar e15 2024-25 Re￿dents31 Care Markebry & puili(Jty0lthg Se[W￿ It￿rease use of 5rtial medla otivJget84 hieved 98.7% 12024 1￿.1%) H￿sing Occupancy achimd 98.5% 12024 103 1%) Imwove & Rethential Sherburn House Charity Section 3 Statement of Board of Trustees on intemal financial controls Statomont of Board of Trnsts•8 Internal ¢oiiii￿# ThB Board of Trustees aL*no*4edgBs rfs oveta rpsPL￿1L￿ty ar￿ rnainlainirvj thB *thole syslern of internal C¢￿ and reviewng its eftectveness. The system of intemal contrd k8 desigr*d lo rn￿e. rafvr Ih•n dimina*. the nsk offailure to achieve business objectives. and lo prO¥￿e roasonab￿ assurance a9ainst malerial misstatement orkh55. Tre pro￿8 for identifying. ev￿u8￿ng man*Jiro the ¥HJnthc*ni ri¥ks by Ihe Charity is ongoing and has been In place Ihroughout the period c(Mnmencing 1 Awl 2024 upto Ihe dale of aptKoval of the repDrt and financial stalefflenls. Key elements of the contrd framwKk and sowces of assurance inrknde.. ' aaady defined managament reSp(￿l￿11t*S for th8 8va*JaiwJn 8ThJ of sbjnlficani risks., Internal audit rep(Yts'. Flsk managBmern re[¥￿ts.. Pgrformance rewrtS'. External audit r6p¢¥ts'. ' Robust 51rdtegic and ￿￿n056 rknnir¥J WWAGses. %Mth dotslBd fm3nci31 txjdggts and f(￿aSt￿., FLvmal re¢ruibreni. reieniicffj. trainin9 and dev8bwneni ￿106$ lor all staff". E513blish8d authonsalKJn and appra15al pr￿￿edureS lor s19nrf￿anI new Initialives and rAJmfflitmentS', Regular reporting lo the appropnèie commiNe6 key bJ&ne8$ cbJ"e¢Dve$. tsrgeis and ￿￿OMe$.. and Board ol Trustees, approved ¥thsts&tykMng anLI a￿l￿tra￿l co¥enng prevention, ¢eleGtion and reporting, together Wlh reC￿ela￿lIty of as8ets. There w*re no 8tt8mpt8d crf 8Ctual fraud$ thjrirfj th8 year that wuired reFth"Tr3 lo the Hcth88 England. Tho Board ol Trustees wnol delpBale ￿rnal9 resp￿￿1￿ for the syslern of irtynl cwlrol. but il c4n, and hjs. dekngalwj 8ulhLvSty 10 Iha Ex8CUtIv8 Team 10 wularfy rwt ￿ th8 8irecii¥e￿5# ofth8 8y8tem of *tsm81 Key pd1¢￿8 and proc￿06 havé beth) 8818Nish8d *NJ 8ro d￿￿anad to provid• 8ifaclv& Intemd control. Th888 kay 8r888 covér ¢¢Mrc4. InfC•m￿th SY8￿MI. M￿l10ntYj and risk m8n&gemanl. Fundrn151nid15doyJres Th8 chadly is re4uired to rertht how it deal8 With frem th& wblic. The ¢h8rity doa$ Th)1 use 8 profes8ion81 fundraiser or commordal porticipalor to raise funds. Any r￿ed direct frryn the fdlw5 all guldelines sot out by the Ch8dly Commission and UK ￿win every iespect. Wa fespea the pnvxy and con￿ prefer￿CeS of all public donors. U¥*•l Vdunte¢rs Th8 chariiy has used nil VdunI*￿ durry th& wityJ12024.' 11 Sherburn House Charity Section 4 Statement of Board of Trustees. responsibilities The Board of Trustees. tho are aL50 the directors of Shertmjm House Charty ￿the purTx>ses ofcA)mpany law, are r8sponsibl for preparing Ihe Trustee'¥ Annual Rewrt lindudifwJ Ihe Strategic Reponi and fina￿￿ statements in ac￿rdanCe wth ap￿Ica￿e lawand unit￿ ￿￿dorn Genwalty Accepted Acc(MJnling Practice. Company lawrequires Ihe trustees to rryare financial statements frxeach fina￿* year. ijndercompany ￿wthe trustees musi not approve IhB flnan¢ial siatsmBnis unloss Il*y *e $8lL*fied lI￿t IheygivE a Inlts and fair view of the state uf aff¥iTS of Ihe chantat￿e company and of the inC(X￿1r*j re5(x1r￿ and ap￿icat￿ of resour￿S. Ind￿Ing the iTrcome and expenditure, of Iha chènlaide ¢omp8ny for th81 perknd. In prepanng Ilwe financi818later(*nts. Ihe Board of TDJslees is wuir&J lo.. lal Select suitatle acwJnliThJ Fdves and apFtylhem cons18tth￿. Ibl ThAake judgement8 estimetes that we rea8onableand pru¢Jent 1¢) Prtspart th8 financial stat8meffl8 on a Wng conc8m bs81s. urf888 tt18 inappro￿81* to pr88ume It￿1 Charbty VAII continue operabry., Idl app1Kab￿ United ￿ty00M AcctyJnbr¥J SlaTrlard$ FRS 102, and th& Ch8ritse$ SORP IFRS1021.' and 181 ObtsÉrv8 th8 maih(xJs *d in Iho Ch*iiès SORP 2019 IFRS 1021. The Board ol Tru8te8s are reSp￿1￿1e fty ma￿r￿j th8 8Fvrcwate arrarvJ8rwts for kee￿ry accounting racords thlch d18cIos8. ilh reasonable accuraGy. al any lime. Ihe financial ￿$11￿)￿ of the Charity and lo enaNe Il lo ensure that the financial 818lemenis CoM￿Y vAth Ihe Charibes Aci 2011 Ccthp8nies Aci 20C6. 8dèpled lo indude disdosures required by the Housing and Regengrabon Act 2(X)B. FRS 102 and Ih8 SlalemBnl ol Recomfflgnded Practice ISORPI.. accounting by Charity SORP and regislwed sc¢i81 provhlern 2018. 8ThJ Acctyjntsry Directyon pnvale regi8iered provid8r8 ol social housing In England 2022. The Board ol Tru8t688 18 al80 reBP)n8ibK8 for 8818W8rdirMJ the 888e¢8 of the charita￿0 comp8ny and hence for taking rpasonaNe s18ps for the wgventson and dBt•dwJn offraud and al￿r Irreyularilws. The Board of Tru8t68S 18 8180 reBwns1b￿ the Main￿n?￿a 8nd Intagrfty of th8 cryvate and fin8Aal 1nf0mia￿C￿l on the Charity'¥ wybsile. Provl•lon ol Inlormatlon to Audlt+¥• So far 35 each Trustee 1$ aware. there Is rrf) idevanl outhl inffThbalk)n of *thich the Chgrity$ audilcK5 are unawore.. and each Tru8te6 has tsktn all sieps that they ouyhl to h8V& tsken. 8S 8 Trn8￿. In 10 mak& them6&￿e$ awarè of any r&￿vant audlt Informa￿￿ 4n¢ lo w¢9￿1¥h th81 ChprW$ audmrys ave 8wareoltho1 Audttor Azets Audit Sery1￿$ hove in(*c•led Iheir*illiryrw to ¥lwd for reawxyntment ai the Irthorning Annupl Gengrol Meeting. Approved bythe Board of Tru¥t••8 on 9 Sepl8nknr 2025 wgn•J on ts behalf. IAr Joseph Wllklnson.. Trustee Mr Jeffery Paul 8reen= Truste* Sherburn House Charity Section 5 Independent auditors. report to the Board of Trustees of Sherburn House Charity la ￿g￿tOr8d SDcK4 LJndlwd VrKIDrlhv Housing Jnd R•g•n•ration Act 20081 Oplnlon We have aUdi￿j the finan¢i¥ $￿TeMents of Sherbum Htyjse Ch8nty Ilhe"¢harity'l forihe year ended 31 March 2025 vthich comw5e the Stslefflenl of Financial Adivthes. 8alaTh2 St*81. Stalernent of Cash Flow￿. and Notes to th8 Finan¢i¥l Slalements. indudiw ¥ summary off sgnifieant a¢cwnbng tx)loes. The fina￿81 reporting framework that has been applied In th￿r preparat￿￿ is United King(knn Standards. UXTwsing Charitie5 SORP- FRS 102'The Finan¢i¥l Reporting Standard ap￿1¢¥b￿ ￿ the UK and Republi¢ of Irdand. and applicable law (United Kingdom Ge￿rallY Accepl8d Accounting Praclicel. adapted to indude ￿di￿O￿al disdosure5 required by the Housing SORP 2018 and thB Ac¢ounlin9 Direclb)n for Private Registered Provide￿ of &Kial 2022_ In ouroynion thg finan￿31 stat8ments' . give 8 true and lair view ofthe State of charivs aff•"rs a5 at 31 March 2025 aTrJ of its Iro)ming re50urc8s an¢ application crf I￿￿lIng Its inccTh6 and ex￿1￿Jr*. k*th8 yearth8n *¥J*l'. . have been yopety Yepa￿ in United lthng(*yn Ge￿r*￿pt0d Accwntiry Practlce,. and . havtr boan [*8￿re￿ In accor¥Ja￿ Yllh reothm*)ts d th8 CLXnp8n￿S Act 2Cth. 8a*l¥ IN oplnloTh We conducted our audrt In accorda￿ *ith Intem8tw4 Stand8rds ￿ Audthry IUKI IISAS IUKII and ap￿1¢able law. Our re&ponsiknli1188 under those slandards are further described in lh8 A￿JItOr'S reswnsibilities for the audit of the financial 81818ments 88ctsM ol our repm. We we I￿p￿￿eThi of the chanty In accrydanco wth the ethic81 requirements th81 are re￿VaNt lo our audit ol lh8 finan￿al 8tatemenl5 in ihe UK, Incknjing Ihe FRC'S Ethical Slandard. and y￿ have fulfilL8d our other ethical re5p)nsibililk98 in accortsnce wlh Ihese req￿rements. We Wieve th81 the 8udil evidence ￿ have obtsined IS &ufficlèni and bpprow8ts to pmvidb 8 bÈsi# ftr￿r Lynkn. C•ntlu#lon# r•l*iing tts eMe•m In audiliw the finarKi￿ st818ments. have ¢th￿uded that the tru8188s' u86 oftha Wng (￿Cern ba￿8 ofaccounling In Ihe Pre￿ra119n ol the financial s1aleff￿nI9 1$ apprrwale. 8atsed on th8 VJTJrk ￿ have performed. ￿ have ￿entified any mtiterid urK*rtainties rdbtifvj to eYeni# or cundllits that, In¢iVidualty u cdle¢liV8ly. m8y ca$1 &gnifi¢•ni thbl on lh8 chantys 8ts11ty lo eonlinue as 8 going concern tor ppnod of al lea51 M*lve months Ir(xn the finan￿al statements auth0n￿ lor Issue. Ovr reswnsibilibe5 and the re5wnsi￿llt￿S of tho InJ¥lo8s *ilh royct to o)nc8rn 8ro dexnbed In the relevant 86¢1ion8 of this roporL h•r Inform•tlon The Irustees are responsitrje f(K Ihe other Informatiw. The other Infornatiw ccffipnses the InforrnalKin included In the annual rppcyl. olhpr than Ihe financial ststetnpnts and audrtor'$ re[￿1 thpreDn. ChJrO￿nIon Dn the financial slalemwts doe5 not ¢ov¥ Ihe oth¥ Inlomaknon and. except to Ihe extent othervase eXWic￿Y slate¢ In our report. we do not exkY8s$ anyfom of a8suranc8 W￿U$l)n Iherwn. In connectson wlh our athlil of the finanry81 stat￿¢nI5. ow responsi￿lty 1$ lo read the other InfornBI￿n and. In doing so. ¢Dn6iderYthelher ihe other itrfotmatiDn is matsnally i1vx￿S￿l9nI ￿1th ihe finanaal staletnents gr our kno￿1￿99 obtained in the audit or other¥%ise apwars lo be mateiially misslaled. If ￿ idenbfy swh rn8lenal inc￿5151en¢les or apparent material mis51alerneDIs. W￿ arp requirEd to delerTtMne Trhthelhpr there Is a rnatenal TnisstalerrEnl in thp financial statements or a rnalerial misstatement of the other Inlennatw_ M. based on the have pertomied. ￿ co￿U￿e that there Is a material misslalerngnl of this other Info￿al￿)n. WB are rBqwed lo repL¥t tr￿t fact. We have nottNry to rewKt in Ihk4 reg*. Icontinued .. Sherbum House Charity Section 5 Independent auditors. report to the Board of Trustees of Sherburn House Charity la regthr•d SO¢1￿ Landlonl Underthe Hou8inu and R•g•rwabw Act20001 Oplnlon on other mattvs wos¢rlW by th• Comp•nfi85 Ad 2W6 In ouropiniw. based on the *TMk undertaken in the c(xxseoflheaudrt'. . the information gwen in the TnJ51ees' RetKKt IhB strategic rewrt an(J tha direclofs rewrt prepared f¢r Ihe purp)ses of Crynpany law the financial year for the finant#al *818ments w8 k¥Ypar8d is ¢on$￿tent th thg financial statements.. and . the strategic rewt and the dvct(Ks' rerrtwt Ind￿led %%ithirb the tW5tse5' rerrtyt have bew prepared In acc4)rdance Vllh applicable legal re4uirem¢nts. M8ttwi on whlch wo arv wulyvd 10 Y*POrt by •xe•pUo In the Iwhl of the krrt)¥%ledge aThJ understandir#J ollhe chani*Ae coM￿Y and ts environment obtained in the course of the audit. y￿ have nol ￿en1th￿l material ￿￿tatements in the strdlegc report (Kth8 directofs repDrt included wlhin the tyusie8s' repryt. We have wlhing to repryl m resped ol matler5 %%there the Crynpan￿$ Act rewire6 US to report to you W, in our ownlon". . 8*J6ou818 accouniing iet¢rd8 ha¥• boan W by thari18bla t4JmP8ny. ¢y r6bJm8 ad￿U&0 forour 8udll have wl been receive¢ from brar￿h8$ nol Y￿9d by us.. . Ihfr chari¢8Ne compeny fir￿￿81 ilaternen¢s are rbjt in *ar￿W￿ ￿th the 8ccountiTrJ recrrts and returr*'. or . certaln disdo¥ures of trustee¥ rernw￿rakn specThlpB bylaware not m•do.' . we h4ve not rKdved ell Ihe inf(*m•kn 8nd eW•nabcm5 ￿ reqth for wr a￿lit. Ro•pon6lbllllle• of tru•t••4 A¥ explained mrye rtjlly In the Slalement of 808r4Y olTwstees' Rospon$ibilth05 pago 71, the trustees, who are also th& difethots ol Ihe chaii18t4è ccmpany forth& oftompany law are responsi￿& fer the preparation of the finarool slalemenl¥ and for beiry Sat￿rIed thal they give a true 8nd lair view. and for guch internal conircA as Ihtr itysiees detemiinè ts necessary ￿ énable th& prewaiion of financial 818iemtnts thai ara free material misslalernenl. %thelher due to Ir￿J or e￿ry. In preparing the fInana￿ slalements. Ihe buslees are resw￿51￿A8 ft)r assessirvj Ihe charity'5 ability to conlinue as o golrrfJ concern. disclo8lng, 88 aprlic8bl8. Malle￿ rd81ed 10 wrvj cthicem and u$iry lh8 golw ts)nc8m ba81$ of accounting unless the LK>ard either intend5 to Iv4uidate Ihe associatK)n or lo cease 4)Brations. ar has no realiytic Audltor r¢¥pon¥lbllMlu forth? of th• Iln•n¢lal ¥tat¢m¢nts Ourobieciives art 10 (btsin ￿¥SOnab￿ 888uRnc* abrxjl Iho finan¢rdl slaiem8nl$ as a tho18 are fra? from mater￿1 mi5slalement. ¥*ttelher due lo fraud or erTor. lo ￿sue an audrtor's rewrt Ihal Ind￿leS our opinion. Reasonab￿ assurnnc6 18 a high ￿Ve1 of assur8n¢e. bvl is Th)18 guaranitè Ihai an audrt in a¢wrdan¢e th ISA5 IUKI ¥%ill a￿￿YS delect a malenal misstalernenl il e￿Sts. Misslalemenls can arise from fraud or error and are ¢￿sId*red m8t8nal rf. Ir￿1V￿u￿lY ly ill Iht tygrtgaie. they ewld be 8xp8ct•J to Infb8nc8 the econom￿ decisi(￿5 of users taken Ihe basis of these fir￿￿cial statements. A further dp8criptvJn ￿OUrTEs￿5￿Ithes is a¥a1￿ble Ihp FinanL¥al Rep￿￿ Councif5 vRbsite at." https'.Il¥%%w.trc.wg.ukIaudrt￿¥re8[￿￿8Ibi1￿ This dexript￿ part ofour athYiW$ reporL Icontinu•J. .] Sherburn House Charity Section 5 Independent auditors. report to the Board of Trustees of Sherburn House Charity la Saoal LandlDrd Underthe HousinB arKI RegEnE￿I0￿ Act 200B Extentto which the audit was considered capabk of dEtecting irregularilies, including fraud Irregularities. indudiry fvaud, are ir6tsrtes of r￿￿￿¢￿n[￿lanCe ￿1th wulati(his. We design pr(wlures in line with resp)nsibiiities. wllined a￿)Ye 8ThJ on the FinanuJ Re[￿ing Counof¥ *tbsile, kn deleth m*ri81 misslatemgnls in r8speL* of irwularibe5. indudirvj fraud. We and update our underslanding of Ihe enlrty, its activities. its envirDnmenl. and likelyfulure developmen15. Includiry in relation to Ihe legal ￿ regulat(xyfraDeth ap￿￿t￿e and how the entity comFdying ￿1th that fraMe￿rk. Base(l on this understsndiry. Klenlify and a$se5S the nsks of malerigl missiaitrmtni of tha fin8n¢ial siatsmeni¥. ￿ther due 10 IraL￿ or d8sKJn at*J perfom aLvlil prcthJure$ responsive lo those nskG, and obtain a￿11 evKlence thal Is suffi(xnl and appropriate to provide a basis forour (pinion. This indudes consKleraI￿n of the nsk of acts bythe enbty that ￿re contrary to ap￿ICable lay￿ and regulabon8. includiry fF8u¢J. In re$pDnse lo IhB risk of IrrBWL8r1l￿ 8nd wJatlon$. fr*Jd, d88ign¥d ocedures whiGh induded.. . Enquirf85 ¥￿th mawernBnl and IIK)58 charuvj govarnarKe ar￿ xlual and wtentlal liligalon and Glaims as ￿?11 as actu81. suspected and alw fraud.. . Revithry mlnuie8 ef m88tSn9s el its)88 t*8rg8d *ith g0vemar￿. . Reviewrg lh8 putlished Cw8 a￿1￿Y re[￿$.. . Assessing Ihe exieni of comFlanc8 and regulatiw$ 10 have a direct material 8ff8Ct c th& financlal 818iemenis c* Iha opernith$ ol th? enity thro￿ 8rKwiry and Insp￿tIon.. . Revithry financial $lalem8nl di8dc*w88 and ie8Ung Io 8upFalrvJ thJDJmentalon to 888a88 0)mF418nce applkabltr li￿ and r8wl8lknn8-. . Perforrning aud￿ over the risk of mana9Bmenl and overwide of conlrrJ5. indudiry te51in9 ofiournal entr￿8 and other adiu8lm8nl8 fry 8wwiaieness. 8v81uatirrtJ the bJsin0s8 ravon8le of 8wanificanl transact￿8 Lwide Ihe normal ewr8& of bU81r￿ f8vi*%iry art￿ntir￿j e61im8188 frJr iTrJicaicrt of l￿ntIl1 kn88. 86¢8uts& of th& field In th& clrdni operntss. ￿en1th8d Il* fo*y*ing areas 88 Ihosa most likely 10 fvava a material impact on the fina￿01 ¥14l•ment¥.' ￿M￿l•r￿e ¥%ilh Care ¢knlity Commi5$1w and wmtjiancg Kilh the UK Companles Aci and Chanlios Acl. 8t¢au$tr of Ihtr inherent limitaiths of an ¥￿it. Ihert IS 8 risk will noi dtrteci all IrregulariUè&. includiNJ Iho¥e leading lo a malelial mis¥lalemenl In Ihe financial siatemenls or r￿￿0￿￿1anc8 vAlh regulation. This n$k incresa8$ Ihe more thai comlianc8 ¥￿1h a regulats￿ LS remov•J frtym ihe events aThJ Irasaciions r8fl8Cted in Ihtr financial tsiaiements. as ￿11 i* less likely 10 become kn8re of InsiarKes of non¢￿p118￿t8. Tha risk of not detethng a material ￿￿Statement fTorn Iraud is twyher Ihan lor ￿e resulhng from error. os fraLKI MBY invc4ve cc4lusion. frygery, Inten¢￿1 omissirm$. miswesenla1￿s. c¢lhe ovwride of internal control. U•• of OurR•port Thls report 18 made so1￿Y lo Ihe charft8We cwp8nio¥tnL8188s. 88 a boty. In ￿1th Chapter 3 01 Part 16 of the COM￿nIeS A¢1 2rthi. Our al￿11 W￿￿[ has been undtnaken so Ihat* rn1￿ stat¥ to tha chadvs In)51ee5 those mattefS y￿ are required Io slate lo th￿ in an auditor's rewrt and for m other wrpose. To the lullfysl exlenl pemitted by W. ￿ th) nol accept or assume re$r￿lI￿lIty lo ary￿ other Ihgn the charitable com and Ils Irusl¢es as a bc¥Jy. for ow authl wk. for Ihis wrf. or for Ihe opinions have fomied. Simon Brown BA ACA DChA (Senv StalLrtrry For and bBhatrofknts Audrt SeThice¥ Chartered Accountants Stalulory Auditor 8ulman House Regent Centre Gosforth N8vKa$iie upon Tyn8 NE3 3LS o3S A2ets Audii Seryres a tradirwJ name ofAzets LITh¥ 10 Sherbum House Charity Section 6 Statement of financial activities (including income & expenditure account) for the year ended 31 March 2025 UthT0¥ts1¢tod RO¥ld¢tsd El￿0*1￿￿￿t Notes FuNJ8 Fu Fund8 Prlor Perfiod Total Fund8 Totsl Fund$ Inwn¢ Irom.. Chartsble ActsvilK98 Investments Total 2.717.038 1,189.825 3.966,86J 3.469 2.780.507 1.229,825 4,010,332 2,643.360 1,160.745 3,B04,125 418 40.rKJo 40,000 3.469 exp•ndltur• on: Charitable athivities Olhar Total 12.$23.9441 13,4691 12.527.413) 12.423,2581 3,460.037 3,469 3.463,S26 3,624,867 Surplus bolor? galn¥ on Inv•$tm•nti YO.606 179,258 Nel gains on Investments Not Incom•ll•xp•ndltur•l 12113 972.055 1,012,055 972.055 1,516,861 2 102.791 2,282,049 Tran8hr¥ be￿$*n lunds 17 1302.OtyII 302,000 Olhet r•¢ognli•d gaIn￿l1￿MIl. Prolll on salt of fixed assets Net Mov•m•nt It) fut)th: 204,806 1.314,141 1,510,947 2.297,548 Ro¢￿¢110at1Qn ol lund•'. Toial fund$ brcwhl forward Totsl fund• ¢•rrl•d forward 2.737.749 2.912,SSS 32 735.733 34.049.874 35.473 482 36,992.429 33 175 934 3S,473,482 ¢orrtlnulnq 0￿r•I10n4 The results for the per￿d relate 10 ¢c*)tinuing None ol the Charty's actlvilies ￿¥re either acquirod ￿ disconts.nwd the ffin￿81 years. The notes on pages 14 10 28 frrtm 8n inlew81 pwt of lhe￿ fiTrarKi•l 918lemenl¥. Tha fln8n¢ial $18tem8nl8 w*re appro¥•d bylh• Board olTm1te•s 8nd *thoris*J fc*l88ua C￿ g Sepiembar 2025 and S￿ne￿ en tts beh81T by.. Mr Josoph Wllklt)6ot): Truste Mr Joffory P•ul Bre•n'. Tru$to8 PayÈ11 Sherburn House Charity Section 6 Statement of financial activities {including income & expenditure account) for the year ended 31 March 2024 IPrloryear erbdBd 31 March 20241 Uhrtsirlciod RO¥lrf¢i•d EndowmOM Fund8 Fund8 Fund8 Prlor Perlod Tothi Funds Totsl Funds Income friffi.. Charitsble Acti¥the8 Investments Totsi 2.629.258 1.120.745 3.750,OQJ 14.122 2,643.380 1,160.745 3,604.125 2.564.737 1,126.148 3,690,885 410 40,LMX) 40,OQD expon¢ltur$ on: charitab￿ a￿￿111￿$ Olher Tot81 5 12.409.136) 114,1221 12.423.258> 12,175,589) 1 201 609 3558 3.624,867 3,079.147 3,610.745 14,122 Surpltsi belor• •n 139.25 17•.251 611.73B N81 gains on investments Net Incom•llqxp•ndltur• 12113 2.102.791 2,142,791 2.102.791 2,282.049 1.522 844 911,106 139.258 17 1.469,444 1lm.4441 Other r•cognl•ed vlnbll1￿1*I>.' Proffll on 8altr of fixed a$$tlS N•t Movomot)t In lund•: i.e08,702 2,297.541 911,106 Re¢on¢lllaMon of lund•'. To181 funds brou9hl lorward To¢•1 fundB carr1￿ forw•rd 1.129.047 2,737,749 32.046.887 32,735.733 33 175 934 35.473,482 34 087 040 33,175,934 P￿11(1 Sherburn House Charity Section 7 Balance Sheet as at 31 March 2025 Note5 March 2025 March 2024 FlxBd 888Bts: Tangible assets Investment properries Investment portfdios 3.257,131 3,312.939 8.310.LKIO 8,300,000 13(il, lill 29.579,430 29,211.157 41. 146.561 40.824.096 Trtslfixfjdassels Cuwr•nt assets: St(Kks DeblOIS Cash at bank and in hand 6.645 167,568 860.846 1.035.059 5.957 165.738 786.904 958,599 Tol*curnentassfrts LlablllVe¥'. CredilDrs. amwnis f811ing dutr *llhin (Th year UBS Call Loan othtrr Crtsdi￿ts & Accru￿$ 1511311iil 14,444,792) 15.695.433> 744.399 613780 5.189,191 6,309.213 14. 154, 1321 15,350,614) 36.992.429 55.473.482 roWAss&Ès less cuffent 36.992,429 35.473.482 The fund• ol th• ch•￿ty.. Endovrnenl funds Inve8imeni TtrV8Iu81th r688Ne 21.548.955 19,655.111 12500919 13080622 34.049.874 32.735. 153 Resldciad lunds Unreslrided fund¥ 2.942.555 2,737.749 2.942.555 2.737. 749 36.992.429 35,473.482 To181unfe￿￿l￿dl1￿os Total ¢hadty fvt)dB Tho noteu M pogB¥ 14 to 28 form ￿ kntegr4 pwrtrllhe8e fmorKial tstements. The finan￿41 ¥ts1ern￿ts •pprov•d by thD Boud ol Tru•tqeB arKI authwsed for i$¥ue w 9 September 2025 nd signed ￿ 118 behaw by.. Mr Joseph Wllklnion.. Twuste• MrJeffery Paul Bre?n'. Truste• CompaDi88 Hw8e Rag. No. 11196374 PwJ8 12 Sherburn House Charity Section 8 Statement of Cash Flows for the year ended 31 March 2025 Notes March 202S March 2024 C8shfio* from w0raUng 8th511*8 Net ¢asb gener¥lod from owr¥Yng ¥¢Vvltl•s 21 182,982 190,9631 C8shflow from Inv•5￿￿9 •Ctlvbllvs Dividends. Interest and rents from InvestmeThts Purchase ol iartgible fixed asseL8 ProGe￿S from the Sa￿ of langitAB fix￿ assels Purchase ol investmen prOce￿S from Sa￿ ol invg5lmBnl 1,229.825 182.0921 1.160,745 15,499 17.952.867) 15,017.4041 7,946,649 4.532,SS8 13 N•t caih gol￿ratad from Inv•Bilng advltl 1.141.601 691.397 C••hflow frorn flnanclng Loans dravm from I (repaid io) UBS I Inlgr95t charges on UBS k)Hn vidends rec•ved 8ppW to UBS ￿anIShares d￿K￿led 16W.0001 1600,OWI 297,766 360.950 IY8.4071 1439,9721 N•1 Cash g•n•ratod fr¢)m flTh•n¢lrffj Xll¥lile• 11.250,6411 1679.0221 Not change In ca•h and G••h •qulvalent• ¢•¥h 4n4 ¢¥•h •qufv•l•nt• 41 bgglnnlng 01 th• y•¥ ¢•8h and ¢Mh ￿￿￿lIent6 al the end ofth• yw 73.942 78fj.904 178.5881 865,492 7B6.9Q4 Thè n￿8* en pages 14 10 28 fc*m 8n Ints￿ ofthtsa fi￿r￿1 stskn)ènt8. Pap 13 Sherburn House Charity Section 9 Notes to the financial statements for the year ended 31 March 2025 1.1 ststus of Charlty Sherburn House Charity is a company limited byguarantee ¥As irxxw￿￿3ted ￿ Eng￿rKI on 08.02.18, a)mpany nufflber 11196374. and is regisl￿ed %%ilh Ihe Chanty C¢mmis*￿. numt¢r 1177535. On 01.10.21 all the activitie5 commitments of the charty Isherburn H(xJs8 ch￿lty21765?l ￿re transf8rred to the incorwraied Chaniy. alw Il's as8eis and I￿￿litIeS ¥1 thwr Wan¢e $heei values. The incorporated Charity is the retKxbrvJ chaiity lor the unir￿￿T￿￿1ed charity12176521 to*thich it is Inked. 1.2 Donatlon Irom Unlncorpcrated Chavlty12176521 The lolal net assets transfe￿e￿ en 01.10.21 from unirwyated Chaiity121765218mwnled lo £34.534.948. *fiich was cTrmprised of £33,288,948 Endowrnenl funds. and t1.246.(m Urwestricted fijnds. A¢countlng Poll¢l•$ 2.1 statornont ol Compllan¢• The financi8151alements h8¥e been prepared in ￿Cor￿nce *ilh AuwnlirMJ and Rerthr¥J by Ch8ntse5' Ststoment of Rocommended Pr8cIIco applKable lo charities weparing Iheir accounls in accardance *ith the FinarKia RepDrfirvJ Standard app11rab￿ in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191- Icharities SORP IFRS 10211. the Financial Rep)rti￿ Stsndard ￿p￿1¢able In the UK 8nd Republic of Irdand IFRS 1021. They also comply Yalh Ihe C￿￿par4e& Act 20C6 and Chanbes Aci 2011 and are adapted to indude disclo&ure6 required by th accountsng by registered srKial pro¥￿er5 2018. and accwntirMJ direcbon provate wi$lered providers of Social hwsiw- 2022. 2.2 B￿11 of PrDp*ratlo The Charity remains registered Plomes EThJl8Tr188 a Srxial lar*Jknrd under the aThJ RegenwatsL￿ Act 2008. 88 8 6m811 p8rt of Its activities are housing aGli¥ilies a5 defined in Ihal Act. As most ol tho activiiies ol the Chanly are hwsing 8cINib88. Ihe (￿anty has ap￿￿j the Ch8nb88 SORP IFRS1021 In prepanng Il'8 accounts. vAlh 50mo amendmenls lo incIL￿e addilioDal requiremenls lor Homes Erylarvj. The application of lh8 Ch8nlie8 SORP IFRS1021 18 *0 reqL¥8d bythe Ch•nty C(￿mISSIC• direcloi datsd 08.12.21. The financial slalements are prepared uryjer Ihe his1￿ical rA>sI r￿￿Ve￿IK]n as madffied by the revalualK)n of certain Taryl￿e Fixed Assets. Inve8im8nl Pro￿rtIeS and the Investment Porttdio. Tho finaroal 8tsiem6ntS W8 prepa￿ In ￿COrdance wlh applicèble accounling standard8. The financial sla18merns include Ihe kncom8 aThJ aThJ a$80ts and Iiabilw of it8 8880clat8d charbty. Sherburn Hou8e Educallonal Foundalioll IRegi51ered No. 5273251. The Charly Is a PUNIC Be￿rrt Enlty I'P8E'I88 defined kn FRS 102. These finarbcial slalements are PrePa￿d in $terfin9 ￿ 1$ th8 hJrKknal of the ￿. The Iruslees h8ve prepared Wel8 and Icrfecasts *fiich give Ihem *Jew818 Ctymfen thai the ¢harlty18 a ts)ncern. ThereTor8 tha trustaes are ol the view that the charity has sufficient resources lor al Ihe next 12 month5 the (Jale of apwoving the financiBI 51alemenl¥. As a resuN, lh8 ch8rily'8 nnaM4 8tat8m8nts hèvt twn K*8p8￿j on a con¢8m b88rd. 2.3 Flnanco The financial 6latetn￿ts have bBen prepared the tsa$￿ thal anY￿pital gxppndth inoJrTed OD housing aGtivilVaS rBfèrred lo in nots 2.4 wlll be either grant 81de¢. fun¢Jed by baThs. or *there awr¢wnate. fina￿¥ frryn the ChantY$ resources. 2.4 Soclal Houslno Grant8 ISHGI SHG'S are tnade by Homes ETwlarNJ atKI afv utilised to twjuco thE of IT￿￿9￿ *kvDved fur SHG to a level that financed frryn the equivalent fair rental in¢(hme avaii3tAe. The wanls are made direct lo the thling 8nd are re￿¢te¢ in the Ch8riiYs accounts only véhen paymeTrt ha5 been rnade and the relBvanl mLYtgage h)an twjuced. Under the Charibes SORP IFRS1021. grdnts are to irNxMnB. p￿14 Sherburn House Charity Section 9 Notes to the financial statements for the year ended 31 March 2025 Icontlrbwdl 2.S Estirnation uncertainty and judyernents The preparation of the finan¢rdl ¥18iements require¥ m*8geN*ni 10 make jL¥Jyements. estimates 8nd assumptions th81 affect the 8mouni8 reported. These estimate5 and ju(Igements are conlinuaty re¥￿￿ arKI are bas￿ on experienr£ and other factors. incjuding eXpectat￿nS or fuiure evonls thai are believed 1¢ be reasonable under the There are consideW to be no signrfKant judgenEnts lapwt from In¥d¥ing esbmationsl that manag￿ent has made in the tKo*$$ of appl￿￿9 the gnlity's accountirvJ polic￿8 effect th8 amwnls IhB financial stalem8nls. 2.6 Incorne Ch8rlt8bl8 Aetlvltl•8 The rgnls of the hDusing sl(x* and Car• fe￿ are rBu)gnised frYlhB parv)d to*thich Ihoy rdale. Donatloni Donation5 are roc(¥Jn15ed theri IhB chartly has bggn rK)tffi8d in vffllirvJ or IhB amount and serfem8nl dale. ln the ev8nl that a donation Is subject 10 condiih)ns that require a level of ￿rf0m￿an¢8 by the ch8nty bef¢re ts chgrity 1$ emyed lo the funds, the Income 18 delerrea and not rerAyJnised until 8ilher those condhti￿S are met. or Ihe futhlmgnl ol *iihin the contrvl of the chanty and h Its probable Ihal Ih888 conditions ￿11 be In rewrb"ThJ p8rK*J. Gront¥ w•lvabl• Grants are rKo9Dis¥d the tharily has gnlknnl lo the funds arKJ ary cwdill￿& Ilnked to the granls have been mel. Wher8 performance condiiion8 are allached to the gr8ni to m8L th8 ￿￿0m9 is rwni88d a& a IKqtslily 8nd Indud8d on the balance shael as deferred incorn8 to be rdeased. IMi88tm•nt It)com• Vorfable Royallios ond WaWoave¥ recoBnis•d the Ch•rty is olfvir ¥aluoe in Juno and L)ec•mber by Bre?d￿ Northern Llmiied. Inveslrnenl Income from the POrtIC4￿ is recowknj rec8n18tAo. 2.7 Expendllur• Charltzbl• Actlvltlo• Chanlable 8xpendiiure ￿m￿Se& IhoBe cc*t8 iwred by Iha chwty In the d￿￿Ory of M8 athiU88 and 8eNlce8 for it8 ben8fi&8rie8. 11 InclLhJe8 bolh co¥ls that Gon bB 8110¢8ted dirocty lo $u¢h a¢tMtses ory1 Ihw w¥ls of an indirpd npture ￿¢9￿¥0ry 10 support th9m. Support c￿tI Support costs Include central lun¢Dw8 and have twn albcaled 10 aclivlty Cost ¢alogon8$ on a bashs consistsnl Wlh the u88 of resources. for eXam￿e, allwatirvj pwrty costs bYr￿Jor ai&rys. or per caF¥ta. staff costs by the lime spent and olhercosls by their UT￿Ye. Govornanco Co8t8 These Include the c0519 atlribulabkn to the chanty's com[Ai￿ ¢￿$￿1C￿l stotutryy rwuirements. Induding 8udlt, straleglc management and IruslEgs' meelings ￿ ￿n4)urSe￿ 2.8 Taxatlo The charty is wnsidered to pa55 the tests set in Pawwh 1 ￿￿Ule 6 of Ihe Fina￿ Act 2010 and the￿ft￿P it meets the definilK)n of charltsblo Company for UK ¢wptyalh)n 18x purw88s. Accordingly. Ihe charity is rmxenbalty 8x8mpi from t8xalion In r8specl of In¢om8 or ¢8pilal gains ￿CeIved *￿thIn catewne5 cover￿1 by Chapter 3 Part 11 of the CIxTKxatK)n Tax Act 2010 or SectK)n 256 of the Taxation of Chargeab Galns Act 1992, to ts exlenl that such irwne orga1￿ are 8Nd￿l¥S1y lo charitat48 wrp)$6$. 2.9 Flxod As5Qts'. Land and Bulldlngs Land and buildings 81 Sherburn Housè Charity te th? hcw*no ate rene¢t6d in th? fina￿1 siatements al Ihtir deemad cost. Ibased on a valuation lo the transits￿ to FRS1021 a5 the ￿l91rDa1 costs 7￿ rK)t avala￿& Improvements to lh8 properbes arp statwj al C(￿1 or valuthn. The Char￿Y providas ac¢ommtyJality) f¢*dder p8oF48 with ¢ar& n*ds. in Ihe f¢Ym of housing ac¢ommodaiity) and 8 resldanlial care kv)m&. These properties have been hekl by the Charity for maryyears and have attracted SHG ass1stan￿ In the pasL 15 Sherburn House Charity Section 9 Notes to the financial statements for the year ended 31 March 2025 Icontinuedl 2.10 Depreclauo T8ngible fixed assets are ¥wtten olFover theires1rt￿ uselul lrfe. ￿ ￿e5￿M8￿ d￿1 prcteeds (that may be nolhingl. Land.. Lan(t Is not depwaw. exceptlor car p8rk land %thch deyecialed at 10% cosL Bulldlngq.. lal Depreciation ￿ lully ¢harge(l on cost and Ibl A ¢harge18 mad8 to IrKom& 8NJ eMp8ndrtu￿ acc(#J)t ai 2%- 5% p8rwnwn of 8u¢h Cost. Furrblture, Flttlngs, Équlpment and V¢hl¢l¢¥= Equipmeni Cornpul8r equipfflenl Vehicles Fumilure and fittings 10%- 20% of cost 25% of cost 20% of cost 10% of C￿1 Prop•rty, Plant & Equlpmont.. Houslng acllvld¢4 Up lo 31.03.18 the lolal value of certain buildings ulilised ￿1th1n the fvnctw of Ihe Chanty ￿re depwated 8t 2% por annum. In line wi FRS 102 and iha si8iamani ol Re¢ommtnded Pract￿* ISORPI. aceouniing by re91$ltr￿ SL*I81 houslrvj provbjèrs 201818.161, an analyBis of Ihese buildings wa5 undertaken In the year ended 31.03.19. The fdk)wrrtJ components ￿re eststy115hed, and associated annu81 depreciat￿n r8188 h8v& baen 8pplied 8ln¢&'. Structure Roof Kll¢hen l B8thropm l Methpniul Sy¥tom¥ l ElpGlr 1% of cosi 3.3% of cost SHG A*sl8t•d Sch•m•8 Thv development cost of IMF¥pveff￿t¥ lo Ihe hpu¥ir*J the •pproprl•t•.' 81 C081 of acquired land and bl Development exp8nditure'. cl Interest charged on Ihe mortg8ge b8n raised lo finwce Ihe ond dl Amount equ8110 Iha 8CQUl8iUon 8ThY d8vdc*meffl ￿l)￿ances W*¥8tI8. These co8ls are 1ermed.quali￿.￿g coyls" by Hcrfros ErwJLgnd fc< opyoved Housing A8¥Otyat*ffj grant schemes and are consldered for mortgago 108n$ by the rBlevant l￿ding ¥ulhortht$ aNJ are re￿￿tted Ihe ChariiY$ ￿thVts. JI Invtyces ond architects, wuficoles rdalirwj to c* exwndilure incurred in the ￿r at gros$ value befcKe retenlbn •re Ind￿jed In the accounts ftr the wriod, prowded thai ts dat6 of i&$￿ 18 prbxto tha perK*J end. R￿a￿d m￿age advances recefvable from the lending oulhrrfilies Bre also included. If c8rt8in SHG Scheme eX￿ndMurS dc*$ Tr)t walfyfor ￿81 Phyjsthg Grani. rf o. nwwth81888. cAp￿al￿ and an 8qulval8nl amoun118 trgnslerred frorn aGcumulaled surplus lo a woperty wuity wJunL Interest on the m￿￿8ge loan nn8wng a deve1c￿nI 18 c¥UkwJ up to th8 rdev8ni d8le of inlerim HAG appllc81ion. Interest on the r88klual mortgage loan afterthis date is charged lo a separate re¥erKJe ￿￿)unt. Relevant Interim date5 for eath Bcheme are delerrnined by Ihe Department of the Environment in in 8cwrdanc8 *ilh guid811r￿ set lim8 1¢ br(*. Hausing ￿nd and buildirvjs currwtycompri5e 30 knated at T1￿￿eY H￿se. Feren5 fr*xJse arKI Ihe the variw5 units at Sherburn Hosylal. 2.11 Flxed Assets.. Equlwnent and Vehicle Equipment and vehiC￿S are capitalised in Ihe Balance Sheet at ￿￿t. 18 Sherburn House Charity Section 9 Notes to the financial statements for the year ended 31 March 2025 (continued) 2.12 InvBstmerrt Portlollo The invesimeni portfolh), ￿p￿sir￿j listed investrnenis and ¢8sh rs siaied 81 Dwd4narkei Valu?. P￿fil I ICÉS on th8 sale of Investments Is cakxjlated on the basi5 of Sa￿ pr(Keeds ￿s5 b￿k V￿￿e atlhe wint of dsw5a. 2.13 Invèstm•rrt Prowrtlo8 The Board ofTrustees has separalety Klenlw those yopwbes IW hgkl investmwrt wtenlial ralherthan direct use wthin the Charfty. In accordance wth FRS102 17.16, InVestr￿n1 properbes are roY*Jed as al Ihe 31 March each year the aggregate surplus ordeficit 1$ transferred 10 an Invasimeni Revaluètk)n Reserv8. No dgpreciation is wovided in respect of lnv95lrn￿t wq)erti85. 2.14 P•t)8lot) Coi The Charity r￿rateS a rwney purtha5e defined pen$Kffi scho￿. Contntxrtiws payawe lo thi5 scheme are charged lo the Income and Expends￿re Acwjnl In th8 pefhjd io*thich th8y Trlale. T1￿￿inbUticffis are Itwas￿l 8ep8r8Wy from the CharW8 888818. 2.15 Grant¥.' R•ll•f In N••d The Charlly ￿711 repeal the arrangement ￿1th BallingBr Tru51 this yax. lo aJminis18r Grants on ts behalf lo organisatk)n& supporting vulnerable older people. Th18 vill be rev￿4 annualty. The hjll c051 ellh5 commitment has been indutsj In the re5uh8 for the year ended March 2025. 17 Sherburn House Charity Section 9 Notes to the financial statements for the year ended 31 March 2025 Icontlnuedl 2.16 TiadB Debtors Trade debtors are amwnts due from customersfor swwces perf(rfmed in Ihe cKdinary course of busiress. Trade debtors are recognised initi41ty al the transacti￿ ￿Ce. They are subsequenlly IT￿Sured al amorbsed cost using the eff8Ctive interest method, kss provisbn for imp¥irmth. A ptovisth for Ihts mpaitmtsni of Itadt dtsblet¥ Is establi$t*d ¥then thertr Is objective evidenc¥ that tha charitywll not be atAe to collect all amounts due acoYdirwJ to ts (xiginal term$ of the receNatAes. 117 Cash and cash equivalents Cash and cash equivalenls comprise cash hand and call dyJ5rt5. *vJ olhw SI￿￿4￿M hith Iw4uld Invèskn*ts thai are readily converUbl8 to a known amount of cash and are sutyect lo an I￿￿nth¢ant n5k of change In v*ue_ 2.18 Trade crqdltorn Trade CredI￿rn are oblkJalicos 1¢ payfor gcojs or 8wwces th81 have t4en 8cquKed in the ordinary wJrse of business frtym SUp￿IeY8. AccoJn18 paydble are cla5srfl￿I as current Iiabilthe5 If the charty does not have w Uncor￿￿￿31 nght. al the end ol reporknng peri￿. lo defer setMem9nl of Ihe credI￿r lor al leasi t￿¥6 rMnih8 8rt6r th& re￿ThJ daie.11 is an unC6tNli1￿nd rghl 10 dafw a81t￿ment for ai ltssl iwelva month8 after Ihg reiKlrting dalo. Ihgy are presgnled as n(TrGurrenl lwtslit￿$. Trade Creditors 4re recogn￿ed Inhlalty al Ihe trorwtvb fv and subsvquenly mB•sured al amrybsod ¢otsl using the effective Intoresl method. 2.19 8orrowlt Inler8S1-bearing borro¥*ings are InrtK81ty ai fair value. nel ol W8n￿tIOn cc61$. Inl8re$l-b88nng b)rrwng8 are subsequently carr￿d al 8mOrtised cost. *￿th lh8 dilference IhB proEe8ds. nBI of IransaL%K￿ I￿￿1$. and the afflounl due on redefflptlon being recognlsed as a charge lo the Statement of Fin￿81 ActvAies Ihe p8fK¥J ollhe resovanl boryrwTra. Interest expenuels rwni8•d cm bo¥1¥ of the knter951 ￿￿tt￿XI •nd l• knr*#J•d In Inloresl pwyawe and Blmllarchorggs. Bormwws are classified as curreni liats.lit￿ unles8 Ihe ch*ity hts rWI to dafar setuemani ofthe I*￿Illy10r ai18881 Iwefva months 8fier Iho rpwrting dete. 2.20 Flnanclil InBtrum•nt• Fin8nclal a86ets and finandal Ilabl1￿ rw4ni88d th8 Charty t*com88 8 pwtyto th8 ¢￿tr￿Ltu￿ provi8knn8 eftha Instrument. Basic financlal Inslrum8nls are Inilially r8cogni8ed 81 Ihe amwnl 18W¥8b￿ w payabl8 InC*￿ir￿a any rdaled Iran8acth)n costs. unless the arrangefflenl constilules a linancing IransactK)n, *there it 1$ recowiwl al Ihe kYe5enl value of the future payments discounted al B tnarkel rate of Inleresi fora ￿mIlar ¢Jebt Instsuff*nl. Debt Instrument¥ are ¥ubseqvenlty mfra¥urod 01 cthAL 2.21 Stocks Stock18 h8ld al the lowor￿¢ and n8t re￿￿8t￿o vkn. p￿18 Sherburn House Charity Section 9 Notes to the financial statements for the year ended 31 March 2025 Icontinuedl 2.22 Funds olthe Cha The Charity's funds ar8 deswnaled a8 filher ErwJDwThrrt funth. Reslrfl*￿ fund3. or Unrnstrfcted fvndi, and tsub analy8*d as Id1￿.. End¢)wn*nt fund$ General Extra(Ydinary re￿r Educèiional reur￿81 IFurKls hekl to suwxt the ItyL*N851 IRerK)valKKh costs Ir￿urred ts 8￿ell House less transfers from other fvndsl (Fund 10 finantyal as¥istsn¢6 ts pukyls In CoJniy DJtham for thadly 5273251 Revaluation rgserrffys.. Inveslmeni properties beN4wD ¥alu81iw of kYopert*s Jsed for investments and co811 Inve51menl PDrtlolio IBrff*in DL￿1rD) (Drffere￿ bBl*pen vala1￿ of shares and securities and costl Investment wrtlolio IUBSI (Dilference tyewn V*Uati￿ of shares and securrbe5 and costl R•strlctqd lundo HO$￿tal Discharge Grant PDIF F8118 Techndc¥y FundiTrJ {Gr￿ts recewed frryn Cxjrham Cwnty Council to support adult S￿la1 care providersl l&Jpmng the Provider Markei Proieci TeChn￿(9Y Improvement and Innov*ion Fund) Unr•¥trl¢t¢d fund• Homes Ersland Grants108￿n8tsdl General IFI8c•v8d ￿ assi￿ in the r6rM)vthon$ of Bedd￿1 Hr￿￿8. Fer8n8 House & Thomley Hwsel IUnr8siYSctsd funds hdd by ihe tharityl Those L9rge￿ miryor the R886rye8 01th8 unl￿￿ed Chwty12176521. Movamtnis In funds for Ihtr pan(xl 80 ￿llY5￿￿ w) not& 17. Tho Fund valu88 estaNished ty the £34,S34.948 Dcffiatscffj frrm the Chwty12176521 M the 01,10.21. The Endovfinenl fvnd, and Vnre51rKl¢d lurKl¥ hav¢ been alvJngd tgfvir r95p•tho asset ¥•luov by •n •dluNtfflenl bel Unreyldcled lund8 Extraordknary repair luTrJ kn lh8 Pe￿J. 19 Sherburn House Charity Section g Notes to the financial statements for the year ended 31 March 2025 Tyrn•v•r¥ttd Opor4bno IIDofi¢ill fort1* P•riu March 2025 Tumo¥qr Co81 of Sa￿5 March 2024 Turnover Cost of Salg8 Surplus Surplu Income and expendllUVe Hcwsing accotnrnodabon Resideniial ctte Su).lotal Ncn-hougngls￿￿rn as Inveslrmntsl Tot81 297.858 12Q).1201 2.482.649 2.227.293) 2.780.￿7 12.527.41J) 233.555 1936.1131 2.SSB 3.014.062 13.463.528) 1449.4641 12.2821 255,356 ￿￿,411 1306.6801 18.2691 2.342,969 12,116.578 226,391 2.643.360 12.423,2581 220.122 236.900 964,709 2,880.280 13,624,867) 1744,5071 Profil I ILcts81 ol fixed •s$81S Inveslmeni IrKomo- d￿kdo￿d5 Inve$tm¥ni Irum8- profil ￿ sa￿$ clinvestrwn Other Incorne 15,499 905.611 520,296 18.234 715,053 108.392 31,320 655364 Unr&$lis$dgsM M ynv6$tmsnipvpw v8&*$ Unrealisedgain on inveslmpntwrfdK) valL*S [8rehwJ LWY?) Unr&$li$$dw on ynv6$tmsrtlOYlf(kn vth$ (UBS) Notmovom•fttlft IuftLl$ lorlh•portod 10.000 268,477 S85.186 1.518.M7 1,623.120 40,625 2,297,548 Rqnl10sses Irorn accornrrndabon lth.ry th￿t0¥01d5 £47.15812024.. £33.0271 aTh4 bBd debts £Nil12024.. £8531. Turnov•r M•rch 202$ March 2024 Resldenlill char9es IHauwr¥J •clNrfknl F8m r8nts18hwn as InVe$In￿Ls} way￿¥05 and olhere5t41• IrKorn1sho¥m u Irymtrnwtsl 2.780. 149.3 84,191 J.014,061 2,643,380 140,669 96,231 2,B80,280 Co*1 of sahi March 202$ March 2024 com. HDu•I Tot•1 Car• Hou•ln Total Wage5 Agon¢y $18ft MDinlenance Proporty manag•wni Properly costs Aepaip and r¢ne4¥* aeaDing FiXtur8$ and fittlr Postage, pnDliry & sL81ionery CQC regL4tr4lk>i f¢¢ Sundri8s Salety Slaff IrainiDg & ¥u￿8¢•￿• Prolessk)nal fees Legal lees Motor expenses C(mwlerexpwdrtWO Residents, lood Light, heal & watei Tdephone Counol la¥ Insuran￿$ Audit and ?rtountantyf*¢s man8gen￿l rtrchBTge5 Depre¢iaii Interest Pa Finan¢ial other ¢o*s newj 27.W 1.489.794 88.615 346.554 1.18J.410 48,615 34.3S8 72,871 117.47$ T8,962 38.331 8,525 5.251 8,789 48.4¥S 27.915 350.757 1,855,983 59,904 17,369 82,854 126,968 82,906 35,102 4,062 7,192 8,795 58,247 24,909 6.757 307,576 24.407 708 18.697 98,293 161.821 22,984 59,904 17,369 72.871 82.8Y 117.475 126.968 79.962 38.331 82,9(K8 35,102 1,830 8.795 28,930 24,909 6,Y2 5.362 8.789 34.¥J7 8.940 9.128 11.833 1.063 28.254 1tl.0g1 22S,663 21.974 215 307.576 24.407 Y25.863 21.974 157 98.541 129.272 1543) 24.001 9&,541 173.758 18,916 1,218 ,293 119,393 137 17.479 42.428 22.847 19.459 35,699 17.700 31,222 31,222 15,600 17.7fy) {180.8281 15.160 297.7é6 15.6 1141.5881 20.718 360.950 51.636 129.192 92.234 30.S)3 49.692 92.234 91,896 28,051 137,897 297,766 9,968 15,OOD 3,463,528 141,003 360,950 8,808 63.750 3,824,887 15.(W 9J6,113 63,750 1,201,609 Total 300.12D 2,227,293 308,680 2,116,57B Sherburn House Charity Section 9 Notes to the financial statements for the year ended 31 March 2025 Dlrèct Costs Of Runnlng Investrf*nts March 2025 Total March 2024 Total Estate Runniro Costs Investment Charges 239.978 99.138 339.116 249,550 125,341 374.891 Expwdliurn •n Cha￿1*￿1* *¢ii¥lll•s Dlrect Support Total Dlr•ct Support Total H￿SIng Residential Care Gr£nt Makin9 Gov•rronce 248.484 2,098.101 15.m) 51.636 .1 129.192 2227.293 1s.( 581.997 3.124.410 49.692 308,680 91.896 2,116,578 63,750 762,968 3,249,976 2.024,682 83,7 581.997 762.825 762.968 904.556 2,361.565 2,345,420 Total ¢harb¢•bl• xtlvltlu •xp•ndhur• 1463.526 3.824.867 knaly•l• of Support and ¢3ov•manc• Flnanc• Tot41 Cmts FlnDnc• Co St4 Co•t• Oth•r Colts Total Co•t• Co¥ H￿sIng Rrtldeniial Care Gov•rnBnc• 51.638 129.192 175.447 356.775 51.636 129.192 1.997 762.825 49.692 91.898 298.941 440.529 49,692 91,696 762,968 4,586 297.788 297.7e6 108.764 10B.784 360.950 103.077 360.950 103,077 Gov•rn•*c• Co* 70ts1 Tolil ALKIII Legal Staff Cos Overheèd aloc41 17.7ThJ 21.974 106.784 433.539 561.997 15,600 ?4,407 103,077 619,884 782,966 Sherburn House Charity Section 9 Notes to the financial statements for the year ended 31 March 2025 Icontinuedl March 2025 March 2024 Incomo R£siden15' fees ACc￿m￿lati￿ charges 134,320 163,537 297,857 144,180 156,231 300,411 Expendlthr¢ Wages Prop8rty costs General costs Financial & other cc4t8 Management charge 27,062 117,475 1,725 27,915 126,968 1,064 51,636 207,886 92,234 300,120 49,692 214,447 92,234 306,681 DeprecialK D•ffl¢lt for th• ywr 12,2631 16.2701 Employ•* Inlorm•tlon Ma￿h 2025 M•r¢h 2024 No. The avtrrage Y￿ekty number of ￿r$On$ emk40fft1 lexGWing lh¥ Tru¥tg9•1 pgrwA ss SaLqnes 8nd *¥ges s￿&1 securty c(￿8 PenS￿n c¢8t8 Othor hnefil$ 1.S91.133 144,315 115,385 12.577 1,8fj3,410 1,588,736 139,102 111,004 17,142 1,855,984 to 31 March 2025 March 2025 March 2024 £120.001 10 £130,(KKI £110.001 to t120.L £100.001 10 £110.((O £60.(￿J1 10 £70.￿0 Key Marwm•nl Pw8onn•l March 2025 March 2024 Totol compensabw poid lo Key manwern￿t Per¥wnel (ljrirg the perh￿.. Gr055 Pay Empknye￿ Pon8kJn c￿18 269,022 261,685 290,544 282,512 Sherburn House Charity Section 9 Notes to the financial statements for the year ended 31 March 2025 Icontinuedl Payments to Trustee5 and Olficers No fBes, reffluneraliDn or exp8DSBS paid ￿ anbt¥* thvrds on the BDarf DfTwsiBes apart from travdliw expenses wthich are paid lo certan Trustees forattetKlance al Tmslees meetirvJE. Ihis amounte(I to £nil perK#J. Penslon Costs Th8 Chanty cp8ratss a purthase defined P8nsK*) s¢hem. The assets oftt scherne arg hgld sgparalefy from tkK>se ofthe Charity in an indep￿ndY administered fund. The pension cost charge represents payatle by the Charty to ts fvnd and 8mwnted lo £115.38512024". £111.LNMI. March 2025 March 2024 Pensknn costs 8131 Mar 28.723 15,655 Inv•itm•nt and Othqr Inc(wn• March 2025 March 2024 Royattk88 Rwt Irorn tsrm rerts, investw￿l prwrb'es Dwhlend8 8nd inler88t r8c8lV8d Olh•r Incry 40.000 266.516 891.989 31.320 1,229,425 40,LKKI 268,100 834,411 18,234 1,160,745 Surplu• on Ov¢ln•ry A¢WvWI The sU￿lUS on ordinary adiyilies 1$ st818d ￿er cWtvJ I IcreditirvJl.' 0gpreaaiJon- lang4b￿ fixed a53els Audilu's Femuneraiion- In Iheireapacity88 8uthtcrfs Reliel In ￿. wts to irw&vi(knal$ Ma￿h 2025 March 2024 137.897 14.7x1 15.Lb)O 141,003 13.OLN) 63,750 10 Taxitlon she￿UM Hou$tr Charity 1$ 8 regisiered ¢￿ty8Th￿ is. therefore. &xempt fr￿ liabilrty 10 tsx8liw on Its Income and caplal gain¥. Sherburn House Charity Section 9 Notes to the financial statements for the year ended 31 March 2025 continued) 11 Tangible Fixed Assets SHG A$8lsitrd Larbd 8uildin Equlprmnt Vehicles Total Cost or ¥aluatitX) Al 1 Apnl 2024 Additiong Drswsals At 31 March 202S 654.570 363.048 4.139,332 46.374 230.759 35.718 33.536 S.421.24S 82.092 654.570 363,IM8 4,1B5,706 266,477 33,533 5,503,334 Doproclatlon Al 1 April 2024 Charge lor pBn(xJ Dispos¥ls At 31 March 2025 6Y.570 56.735 2.159 1.152.732 123.465 211.664 11.345 32.605 2.108.306 928 137,897 654.570 58.894 1.276.197 223.009 33.533 2,246,203 N?t book valu• At 31 March 2025 304.154 2,909,509 43,468 3.257,131 At 1 ￿ri12024 3C6.313 2.986.6W 19.095 931 3.312.939 Houslnp AMlderbtt•l A¢¢orn. ¢•r• Non Hou*ln T•nglbh Flx•d A•••ti: N•t Book V*lts• *n•ly#•d by actlvlty Tot•1 L8nd 75.LXJO 2.300.961 50.000 354.692 43.468 179,154 304.154 253.856 2.909.509 43.468 Equipment Vehicles Totsl 2.375,961 448,160 433,010 3.257,131 The n81 book value of.. Land contains £30).￿012024.. £￿7.C￿OI rnwesenly IhB value of larKI Ihat is not dep￿818￿., ond 8ulk11ngs contains £2.300.961 I￿24.. £2.393.19518ttribLlatl8 to hr￿81r￿a activit￿. There is ro recoffj of the historfc* c￿1 of the L8Tr18nd bJ[hlir￿ WJ al deemed cosl due to th8 ￿ng1b of Nn8r8hlp. Tho fr0etr￿k1 L9nd and tAJlhJlrMJs ￿re ¥alL￿d by T8kn. cth8rte￿ SUrve￿r8. kn Octh 1996 cn an 8xIsts￿ u80 b8#i$. The Charty has adopted Iht Iran¥th¢￿Il ftles of Financial Rew￿r￿j St8ndard Tr￿mL￿r 15 htrnce. Ihe v8lu81ion ill not be upd81&l In future ￿r5 hwrvj 8dopted the 8$ deerngd historic cost. Capltal Comrnltments Neno. Inve8ts￿l￿l Propert1•8 March 2025 March 2024 Valuabon as al 1 Awl Addibons D￿￿K)EalS Revaluaknon Valuabon 8$ 9131 March 8,3￿,0(A) 8.300,(K)o 10,( 8,310,000 B,300,ODO P4p24 Sherburn House Charity Section 9 Notes to the financial statements for the year ended 31 March 2025 l¢ontlnu8dl 13 Investmont Portfollo.. Brthn DolphSn Ilarket Valuv Mat*6t Valu8 asat sals Transfofs Revaluotlon 31 March 25 Proflt I (Lossl on sale 01 Aprfl 24 Addlwons Dls Gener81 cgpital fund General accumulated inciJrneluTrJ Educational foundation fund 111 Total Invo8tmèni portlollo 15.419.859 2.870.953 12.W.9)61 1.651.444 319,￿9 1311.5221 57.018 78 17.128,321 3.190.719 13.302,0281 258.326 15.558,632 8.103 1.667,713 2.048 S9,144 268.477 17.285,489 186,1721 8.226 177.9461 V81ue of inv8strrents Llst8d Cash l Unlisted Totsl 17.048.188 80.133 17.128.321 17,178.539 106,950 17.28S,469 Hlstorlcal cost of Inv￿lments R•valuatlon Total 12,967.LK6 4,161.254 17.128,321 14,092,683 3,192.807 17,285,489 Invo¥tmefit Portfollo I Call L￿n.. UBS Mark•t Valu• Market Valu• Profftl ILo•¥l on •alo 01 A rt124 Addltlons Ol• l• Tr•n¥f•rn R•v•lu•tlon 31 M•r¢h 25 1111 Investment pDrtfollo 12.082.836 4.762.148 14,187.8221 1918,4071 585.186 12,293,941 188,338 5.695.434 297.765 600.000 6,387,403 4,464,JB3 13,SB7,8221 948 407 4 444.792 7,849,149 N•¢ F•¢lllty 595,188 106.338 Voluo of investrnonts L15ted C05h l Unlisled Totsl 11.758.154 324.682 12.082.836 12,012,499 281,442 12,293,941 Hlstorlcal eo*t of IN￿lMonts Ravaluatlon Total 11,427.945 654.891 12,082,836 11,260,297 1,033.644 12,293,941 Total Inv•¥tm•n¢¥ Ot Mark•t V¥1 NO Inves1rn8ni Is greater Ihan 5¥0 of the totsl pcrfdm) va 29.579,430 14 Stocks & Debtorn March 2025 March 2024 lil Stock Isp8res hekl for m8inlenorKol 6,645 5.957 Trade 0gt)tor5 Prepayrnen15 and 8ccNed nccrne Other Debtors lill Dgtstor¥ 51.871 36,116 57.682 24.851 167,568 165.738 15 Cr8dltor8'. amounts falllng wSthln ono year March 2025 March 2024 UBS C811 Loan Trade creditors other u8dilors Rents in adv*nc& Accrua15 and deferred Ir￿Me Taxation and socwl security Wages creditor 4.4H.792 65.149 764 249,935 244,681 57.796 126.074 5.189,191 5,695.433 44.913 233.582 286,908 31.863 15.750 6,309,213 16 Social Housing Grant Assisted Scheme- Housing Buildings SHG is now released to income on receiptas requited uKler Ihe Chartbe5 SORP. Thi5 note rsjust a memo lo show amounts receiv￿ to date. March 2025 Htsuslny 8uilding$ Htsm*s Englan Total Grant as 81 1 Awl 2024 As al 31 March 2025 P4gB 25 654.570 654.570 728.OCM) 728.000 1 382 570 1,382,570 Sherburn House Charity Section 9 Notes to the financial statements for thè yèar èndèd 31 March 2025 17 Fund InL¢wnpFuThl Pw24 AddittDll ndDwmDntfund 31 Alw25 23.9FI.942 106.¥J2 1.44136S 2$,563.￿$ 14.055.U331 302.￿ 40.3 1•.655.111 ToLIlEndowm•ntlL¥ 302.000 21.648,955 Invygtrrnnlp￿pQ￿0S B.264.47T 4,161,254 854891 11￿0.622 1D.Q 266,47F 585 186 3,192,806 lnvFJStrMnlw￿ttUI1D1UBS) 21]6443 11.4U.306) 4D2.1 12.26ZI 2553 I￿.?￿2 3Q2.00 l.aOB.651 253.0 1.382.57 ToLIlVniHirfGl•dfund 65&2 110I3•21 140.tyjo I￿2,000) *1 Jl M*Y¢hI￿￿ 4FJ.4•2 Iq3,qOJ 23.gFI.14Z 14M?.OJ21 40.J Tr￿4[￿1 kndi". 40.CO) 40,000 Pélutbco&LIiEshvATrJ*d￿j p￿hLon R*l•g¥1 ktyn¢¢v¥￿￿nl*?4 p￿￿1 104J,Jll eT •1 Jl M•irb1025 4.W5,0 21.541,9$5 lot*1 1.164.4TF 10.000 653.663 1.443316 Dfi•v•lu41kn r•wv• B•l4ry￿ ￿ Jl M4iGh2025 1443.J66 274A77 s￿19• Gr TKhnoloqy Tot 1469 3.169 1.4691 fund Totwl 2.737.749 NotS￿1p1uS&YtheIe3r 402,1 253,Q 65& I40.(￿) 14Q.llQOI P￿Dn DfinvesbnEll 1671 302.L 2.942.55S E¥lr?ordln?ryTop?Ir5fyré 31 M•pth2025 302.000 Ist￿L￿•d￿ nÈk*2 Sherburn House Charity Section 9 Notes to the financial statements for the year ended 31 March 2025 Icontinuedl 19 Related Parlies ThBre rvJ patytrar￿￿ In >*ar12024." sth ofminibus £10.YJOI 20 Cottrol Charity is the of its ofTnJstees. 21 ￿e￿¢11[au0n of n•¢ In¢offlvllexpwJtur*l to ne¢ ￿¥fv Aow from opvatlng a¢tlvlY¢¥ March 2025 March 2024 N•t In¢om•lloxwndfjiuro1 th• p•YltyJ p•rlh• stot•m•nt ol fln8n¢6•1 a¢tlvlUesl Adlustm¢nls for.. Dwecial￿fft Losses I (Gains) on inves¢monts (sale of sh¥esl (Lossesl l G8iThs en investments Ikwety rev8lualc￿1 Gains Ilbs5e51 on InvostmeThls (Brwn DdFthinl (Gains) l Lc*ses ¢)n invtrsimeth8 IUBSI Dwidend5. inlorest and rw15 Inve511￿1$ Decreasé I Ilrtr888&1 In sie¢k8 Ilncrea5el l Decrfra59 In ¢Jeb1ry5 Incraase In credi1018 Not ca•h provld•d by lU￿d Inl opqratlng I￿¥11 1,S18.B61 2.2B2,049 137.897 491.fJ)8 110,OCM)I 1268,4T71 11,623.1201 1585,1861 40,625 11.229,8211 11,160.7421 16881 242 11.8301 16,094 130,619 133 183 182.982 90.963 141.Lk)3 79,704 22 Net debt 2024 Caih Ilows M•rch 202$ C••h and uih •q¥fv•l•nts Ca8h 860 846 860,846 786.9)4 73.942 Borro￿￿9$ Short tem bryrry*lngs (UBS C4 Lo•nl 5.695.433 5.695.433 14908.5291 1.250.641 4 444.792 1,250.641 4,444,792 1,324,S83 13.883,9461 Not d•bt stK)rt te￿￿ txxru*ings Sh￿ abD¥e are Inckned I￿s181ut￿Y disck)sure purposes. hDwYver thp borro￿7￿9 18 Ilnk80 Io the fixed 888el Inves¢m8nls aTrJ Th108bl" prosent8d 8bov8 ￿V￿) b8 mor8 than offs81 by Ih2 value of the UBS imiestmerts Inote 131 Sherburn House Charity Section 9 Notes to the financial statements for the year ended 31 March 2025 Icontinuedl 22 Anatysls ol mov¢mBnts In funds Inv•sthi•ni Unr•strict•d El￿W￿￿nt Revaluation Restricted Funds Funds R&s•tvtts Rès•rw•s 2.737.749 1¥.655.111 13.080.622 TotAI 35,473.482 Balan¢e at 01 April 2024 SUr￿usfQr Iheyear 655.284 655,284 Trnnsfer5 to En(k￿rn8nt Fuids in resped ol Royth rerni¥ed 17 Transfers w Endwwnt Fwd$ r09PO¢t of Profft ￿ sale ofirr4estWL8 17 11(0.3921 106.392 Tr8nsfèrs kneapiial res8ry8$ h r8sp8tt dPffjfft on 84trof¥s$8ts 1871 87 Transferfrom revaluab.on reserye Prth C￿ sakry of Sh3rns 17 1.443.366 11,443.3661 Tr8n$feF$ to Enth￿nt Fwd$ in resFrtl cd Emtydywy repgW8fundw 17 I202.Th￿l ￿2.000 Unrealhod on Inve81meni propaty 17 10.000 10.000 Unrealmed ga￿ on inveslrnenl portfdD ¥￿U85 17 268.477 268,477 Unr•8lW gakn on inwslrn•nt port[￿￿ lugs) 17 565.186 595,186 B•l•n¢• M 31 Mar 2025 2,942,￿5 21.548,955 12,500,919 36,992,429