cAMB￿DGE vicfoRIA HOMES (CIO)
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024
CONTEKTS AND INFORMATION
CONTEKrs..
PAGE ..
Trustees, Armual Report
Jndepejmlent ExatDiuer's Report
SttheD)enl of FiDancial Activitie
BalarL¢e Sbe
ststerne￿ of Cash Flow
Notes to the FIna￿cial Stste￿o￿ts
8-13
TRUSTEES..
A R Blake. crreasur￿)
P Cowell
M Wishrt (Chair)
J D&vison
R Harding
J Jones
R MonK (President)
M Wells
]RUST ADDRESS..
38 VictOTAa Holl￿5
Victoria Road
Cambridge
CB4 3DX
CHARITY REGISTRATION NUMBEL.
1177888
Ibxentis & Co LI
& IndeFtnd•Ji Ex2miJws
115c Milton Road
Cambridg¢
CB4 IXE
BANKERS:
Barclw BaT]k
Cambridge Branch
St Andrews Stre¢t
CambTidge
CB2 3AX
INVESTMENT MANAGERS:
charl￿ Stwky & Co. Lilljited
1st FI¢￿
3 Station Square
Carttbridge
CBI 2GB

CAMBRIDGE vicfoRIA HOMES (CIO)
PAGE I
FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST DECEMBER2024
Th¢ tntstse5 present tknir aDnuai report and fiJJaDcial statern￿ts of the cbatityforthe year ended 31st Decenthu 2024.
Tbe fiuaDcial statements have bew pr¢pared ill Myrdance with the ac¢ouDttDg poli¢ies $¢t out in note i to th6 a¢¢oullt$ 8nd
comply ￿th the ch￿1￿5 trust dee￿ the Charities Art 2011 aDd AcwuDting and Reporting by Charities.. Statement
of liecommended Practtee appliL¥ble to cbarities preparing ther accOu￿ts ill awd4￿¢ witb th¢ FiDaucial Rq)orting
Standard opplicable in the UK and Republie of Ireland (FRS102) (efftttive l January 2019).
I. OBJECTIVES, AcfJviTIES AND PUBLIC BEYEFIT
The objects of the CIO are lo provi(le subsidised ￿COMM(￿latio￿ facilitt¢s uod finaDcia] wpport for th¢ elderly
d ov¢r 60 years of age: in particular but Dot exclusively to tlu)se who baye previomsty lived withitt 20 miles of
GTeai St May's Churth in Cambridge aTMI memtr￿ of FrieDthy YAKithi¢s.
The ChgrAtymaintatDs 16 one bedn)om unfunllsbed bungalow5 to provide convenient accomDMMkntion for elderly people
ill a ¢ott]munity sethtig. The b￿galOw5 set in altractive18ndw￿ grounds, alongside allotments a])d 8 pavilion Ththi¢h
provide soGial facilities for tbe residents. There is a part time warden, but there is JLO provision for nLrsing OT other care
services because the accomm¢)dation A5 prinwily for those &ble ty live illd¢p¢ndeDtIy ID the cornrnuDty. The Trustees
encowag¢ J positive sense of comtnunity amongsLthe residenty as self-help and independ¢nt liviug are recogDised a8
important elements for mailltaining a beaithy lifestyle.
The trllstses confinn that they have referred to guidgnce i&wed bythe Chty Comri￿on oThpublic benefit wben
rcvigwing the thariW8 aiJDS fUtt￿¢ plan8.
2. STRUCTURE GOVERNANCE MA.YAGEMEFir
The dwrity w4s originally formed uDder a tnLSt deed 1837. In 2019 it w&8 as aCI]aritable Incorpornted
Organisalion. ctwity registration number 1177888.
The management of the Cambridge Victoria How is ulldertak￿ by a CoDIlni￿ of Trustees. The TTh￿tees rneet every
Mon￿ ex¢luding August and D¢cember. to agree the broad straiegy awl OTtsS of a¢tivity for the ¢bority. inCludi￿g
cons1dr￿10n of invesmients. reserves alld risk ￿all￿ge￿)ent policy and performaJLce. The tnL8tees appoint a Chaitperson
to chair thc meetings of thc charity tnistees and oversee the general ruuniDg of the CIO, as well as oth¢T wjsitions
such as President and TreaS￿er. These offiecrs ar¢ noTmally exFtcted to Serve for a tenn of & le&%t two years, altbougb
this can be extended at Ihe discretion of the charity tr[L$t￿$.
The day to day running of the Homes is undertaken ty a parttime Secretsry w]d Warden wky) are remunernted and report
directtyto th¢ COM￿ltte
The COM￿ltte¢ keep5 uuder review the skiu requiments of the TnL8L b ensureg thaL in the ¢v¢nt a Trustrc retires or
additional trustees ttquir¢d, ll¢w TTU51¢¢5 h&v¢ skills tbat are able to contribute tomvds &d)ieving the charit￿S
objectives. No other organisation makes any &pr￿tI￿n¢llts fo the Committee anddecisions about new trustees are made
solely by the Comtnittee.
The induction prot￿ for any newly apFKJittted Tntstee ¢OmPTiS¢5 a meeting withthe Chair, introduction to the residents,
provision of copies of the trus¢s Constitutio￿ operatiot￿l guidelin4 policics and the last two y.ears financial statements.
3. ACHIEVEMENTS AND PERFORMA)I CE
The charity has achieved its objectives during the year. Th¢ T&wlts for the year are considered to l* satisfactory and in lin¢
with the budget for the year.
One accommodation Wdcan¢y 0￿￿rred in February 2024, andthis was filled itt Septenther 2024. Oth¢rwige. all prO￿ttle5 were
(Kcupied throughout theyear with 17 charity beneficiaries.
Dwing 2Q24, in addition to the ￿gll1￿ ti]ainten4n¢¢ wrt SE￿ifiC maintenance items for the charity included..
R¢de¢oration and minor repairs to vacant unit no 18 costtng apprOxi￿atefy £1,700, and to unit no 5 for a similar amounL
tnvestigation of reported damp issues at unit no 3 and ins￿lIatiOn of a Fr¢n¢b drnin Éo s¢ck to r¢6olv¢ this [n¢u￿]ng
cost of approximately £3,000.
Miller Buildings - bricking up of 8aps iti the loft fire wal]s for£2,750. and replacemellt of dilapidated guttering and dom
pipes.

CAMBRIDGE vicfoRIA HOMES {CIO)
PAGE 2
FINANCIAL STATEMEKfs FOR THE YEAR ENDED 31ST DECEMBER 2024
TRUSTEES, AKNUAL REPORT.....cowr
Provision of a whcElchair 4fjfje&8 Tamp for Do 20 to assist the cwrentresident to entrr and leave the property. The
tharity agreedto contr1￿Ute £600 to the cosL
Replacement fencing in the Hom¢s' groullds l£1.602) and up￿ding ofthe flooTing in the pavilion SUD room (£1.568).
A nLrober of Ix)iler repairs in tbe autumn of 2024.
The sigttifi¢ant inGrease in energy r<)sts, although lower than tasty¢ar. c4Jntinues to put pressure on this area of the Homes,
budgds, and the vaTiWS T¢gulatory cbecks such as fire safety ID5￿10￿ PAT g45 5thty cb¢(*s ur¢ inrr¢a3illgly a
significant element in the Homes budget. Howev¢r, the T￿￿ were again able to offereach resident a £150 grnnt over the
winter of 202415 to help tbfflD with th¢ir ¢nffgy and ￿lIlty bAUs.
Unfortullat¢ly, th¢ rEsidEDt5 have had to c105e their Residents A&sociation arr• which Previo￿$1Y they tssed to organise
their Social events. This wa8 due to incre&sing difficulties th¢y expericncLxl in managing their hank account a5 a result of
ballking Testrictiolls aud bTanGh cloSUT¢S. The l"Tr￿ees have therefore orwised ond subsidised apr(wgnllne of ocoasional
resident outings to compensate for thts los4 iDcludiDg visits to th¢ l(Ya] botanica] gard¢n5 a￿1 garden c¢ntr¢s. The TnT5tses also
OTgallised a Strawberries and Crwn ¢verf for the residents and their friend$ 8nd fami]ies in tbe summerof 2024.
4. FLNANCIAL REVIEW
The net income for the year before gains on inv¢3trnents WBS £24,1¥2 (2023: net income E28.200). The net movement in fimd8
w&s & inu¢&s¢ of £48,021 (2023.. ID¢￿￿8¢ £40,025).
Prinfjipal Funding SourG¢S
Th¢ principal souwes of fimdillg for the Charity are the l¢vies re¢¢Av¢d from resid¢uts and rettjrns e*rn¢d frotn the
invesknents. From time to time it reeeives bequests, graDts and donations. usually small scale. whicb are grdtefvlly received
aml used to furttLerthe Hom¢s obje¢tiVe5.
Prin¢ipal AT¢￿ of Expendi
a) Repairs gJ)d Maintenall¢e- The cost of ￿￿]nts]n1ng th¢ homes to a high StaDda￿ remains a significant burden on the
ChaTity'5 fjnancial resource5 and every project is carefulty considered prior to implen)entation. Majorrefurbishment
works must be planned in conjunction with routin¢ but the OPPOTtuntty is take￿ when properties become
Yac8nt. to upgrade and refvrbish the homes as nerzssary.
b) StatSllg-th¢ ChaTity ¢￿p]OyS 8 part time Secretary (15 hout5 per wcek) alld apjrt time W4rd¢n (18 houT5 p¢r we¢k)
and n￿keS a paymentto one resident to manage the pavilion opeDillg and closing. A telephone lifrline system is a]so
ontrdGtcd to provide erner8¢n¢y SUp￿rt for the r￿idents. The Ttwtees are satisfied tbat tbese provisions med the
day to day operational requirements.
Reserves Policy
It is the policy of the Cbty to hold unrestricted ata level sufficient to cover the costs of n]Aintsining each
resid¢ntial propeTty atthe appropri*e standard f(Y the foraseeable fuhre.
The general fimds at 3 1 December 2024 were £1.51m (2023 £1.44m) ￿ Sho￿ in note 10. A substantial PTOPOrtion of tbe Charity's
propErtieS and are oveT 100 ye0￿ ajd as a CODsequence Tequire Ix)th reuular maintet)attce and improv¢]nonts.
The investtnenls are held to both genernte income and to fund w￿Xpected major building works to achievc the policy
ted alxjve. The Tr￿￿ees, al￿ by plaDning regular maintenance, is to break-even before investment gains alld105ses in
tlje short t¢rni. However. it is considered thdt the res¢rv¢s held within the Inv￿￿￿en1p0rtfDlio are 5ti11 relatively low in
comparison with the potential fiE￿ICial risk of llmior unexpected builditig works du¢ to the age and llunth¢r of proFKrtie5.
The Thistees 8re satiyfied that the EK)licy ]Mrted above is being n)aiutsillcd.
Investment Poli¢y
Inrespect of the portfolio the level of ineome to b£ achiev￿ slwuld be An exc&ss of average Ff All Share yield. Not
thaTL tcnper cEnt ofportfolio to b¢ held iu any one stock.
The policy is to hold investments over the long terni and iD this contsxLthe Tn￿teeS consider the perforniance ofthe investments
to be adequatr.

CIWBRIDGE VtCTORtA HOMES {Cto)
PAGE 3
FINANCIAL STATEl￿NTs FOR THE YEAR ENDED 31ST DECEMBER 2024
TRUSTEES, ANNUAL REPORT.....CONr
Risk Management
The Trustees have a risk management St13te￿ which cornprises..
A Th annual revieiv of the risks the Charity may fa¢¢
The establishment of systemy and p￿CedureS to milbgate those risks identified in th¢ plan and
The implementation of proc¢duTes designed w tninimise ￿tential impact on the charity should those risks
mat¢rialis¢.
A key ¢l¢ment in the managetnent of finan¢ia] risk is the settingof a reserves policy &s above and its regular review by
stees.
The Trustees are satisfied that the Charity ¢an continue as & goin8 con
5. PLANS FOR FUTLIRE PERIODS
Th¢ key obje¢tives of the CIO will continue ty be provision of 5ub5idised actommodation, ￿ociated facilities and
financial support for th¢ ¢ld¢rly and infirm over 60 years of ag4 en5ufiDg full owupanry of ail the hornes. and maintaining
both these and the grounds to the highest p)ssible standard.
The Board introduced a long terni major maintenan¢¢ and improw¢methts progrdmme in 2018. Future works iiems in this
programme for 202516 include repointillg w'ork for several of the bUng￿0*s, repl&¢ment of the roof5 for unit5 1 and 3 as
these are panicularly dilapidated, loft Tepairs for UDits 15, 17, 19 and 21 and investigation of the opportunities for instsllatiDn of
solar panels or other energy s&ving technologit5.
6. S'IATEMFNT OF TRUSTKES RESPOYSIBILITIES
The trustees are responsible for preparing the Tnts¢ees' Report and the financid statements in accordance with applicable
law and L'nited Kingdom A¢counting Stsndards. The laiv applicable to charitie5 EngLand and ￿'al¢S r¢quires th¢
trust¢e5 to prepare financial statements for each finathciai year Nthich give a tn￿ and fair view of the stste of the affair5 of
the ¢harity and of the inconiing resources and application of resources of the clLarit)' for that ￿riod. In preparing these
financial siateinents, the trustees are required w..
Select suitable accDuntÉng w)lictes and then apply thEm COllSi5tenily.
Obs¢rve the methods and priThciples of the Charities SORP.
Nqake judgements and e51imates are reasonoble and prudent.
State whdher Opplicable accouTriing standards and statements of recoThme￿ded practice have be¢n
followed, subject to an). departures disclosed and explained in the fitban¢ial statements.
Prep&re the finanGi&l statcments on lh¢ going ¢on¢¢rn b&sis unless it 1$ iiwpropriate to presume
that the charity will ¢ontinue in operation.
(iv)
(vl
The trustees arE rc5pon5ible for keeping proper accounting records Mthich disc105e wtth reasonable ac¢urocy at any tim¢,
the financial ￿sitiOn of the ¢hariry and to enable them to ensure that the financial 51atemcnts cornply with thc Charities
Act 2011, and the applicable Charity (Acwunts and Rewrtsj R¢gulatiO￿.
They are also responsible for Safeguarding the 255ets of the charity and hence ttsr taking reasonabl¢ st¢ps for the
prevention And d¢te¢tion of fraud and other irregulariti￿.
7. KEY MANAGLI MEFrr PERsoyf*TL REMUNERATIOI¥
The Board of Trustees consider then￿¢[w¢S to be the k¢y management and are not remunetated.
. APPROVAL DECL41L4TION
The report wa8 approved by the inLgtees on I f JiA•Le 202 f
and signed on iheir behalf.
AQE/dk
A RBLAKE. TRUSTEE

CAMBRIDGB vicfoRIA HOMES (CIO)
PAGE 4
FfNANCIAL sTATEmE￿rs FOR THE YEARENDED 31ST DECEFrfBER 2024
tNDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF cAmBR￿E VICTORIA HOMES (CIO)
I report to the Charity TnLStee5 on my e￿￿minatiOn of the accowits of th¢ Chjrity for the yeEr ended 315t De¢￿ber 2024.
ich are set out on pages 5 to 13.
RESPONSIBILITIES AND BAS￿ OF B￿oRT
As th¢ ch￿Ity'S Thjstees of the ￿arity you ar¢ r¢spoDsilJl¢ for the prepmtion of the Accounts in withthg
requirements of th¢ Charlties Act 2011 (Ihe 2011 Ace).
Having E¢en satisfi¢dthat the accounts of the Charity 8Te not required ro be audited under the 2011 Act are eligible
for independent examinatson, I rem in respeth of my examinath(￿ of your Ch4tity5 accounts carried out wJd¢r 5.145
of the Charitie5 Aci 2011 Ctbe 2011 Art). In carrying out examinatton I have followed the Directions given by the
Charity commi￿1￿) under s.145(5Xb) of the 2011 ACL
INDEPENDENT EXAMINERS, STATEMENT
I have completcd my eXatnI￿tiollL I confiTm that no matters have come to my in ¢oJ]nection withthe examination
which give me cause to believe..
(l) accounlillg records were not kept of the Cbatity as tequired by 5.130 of the 2011 AL*
(2) the accounts do not accord with thos¢ a￿u￿tillg TecoTds'
(3) the ￿Count￿ do not comply with the applicable requiraJ]ents concerning the ft)m and contents of the accowits
set out in the Charities (Accounts and RepoTts) R¢gulations 2￿8 other t]￿] any requirement that the accounts
give a Iru¢ and fairf view which is ))ot a matter Co￿%]dered as part of an independent ¢xaTDin3tion', or.
(4) the accounts have not been prepnt in accordance with the methods aThl principles of the Statement of
Recommended Practice for accowittt)g and rep)rting by chaTities (applicable to chaTiti¢s p￿parAtiS their
ac£ounts in accordance with the Fioallcial R¢portiDg StrTMlard app]icabl¢ ID the UK and Republi¢ of Ire]and
(FRS102)).
I have no ronc£rns alld have come across no other matters in connecuon with the ex#mination to Mthich attention should
be drawn in this report in order to cll&ble a proper uoderstsllding of rhe xcounts to be Teached.
IAN W SHtPLEY FCCA
FOR ON BEHALF OF:
PREKfis & CO LLP
CHARTERED ACCOUNTANTS &
115¢ Milton Road
Cambridge
CB4 IXE
Sokn tszE .

CAMBRIDGE VICTORIA HOMES (CIO)
PAGE 5
FENANCIAL STATE￿￿ENTs FOR THE YEAR ENDED 31ST DECEPABER 2024
STATEMENT OF F]NANCIAL ACTIVIT]ES
2024
2024
UnKstricted R&striCtcd
Fund
Fund8
2023
2023
2024 Unrestricted Restricted
Total
F￿dS
Fun(
2023
Total
Covenpffis. donalions
d legaLies
Iuve5tsuellt incom¢
IncorAe from eharltable attivities:
t£vies frorn Tesidents
Other incoming resoiirces
Total In¢om¢
3,414
38.102
3.414
38.519
1.120
36.020
1.120
36.292
417
272
101.651
7.813
101.651
7,813
151,397
99.645
3,868
140.653
99,645
3,868
150,980
417
272
140,925
EXPENDITURE
Costs of r4i5ing fund5-.
Investment manasement Costs
6.533
6,533
6.130
6,130
Expendfjt￿re on eh¥4ritable activities:
Light and heat
Water charges
Insuranee
Repairs and maintenallc¢
Sub5criptio]]s
S&laries
Telephone and care c￿1
Printin& slationery and advertising
Gifts residents welfar¢
Sunihy ¢xpenses
Depreciation
dependent examination fr¢
Total expEJ)dltllre
4,014
976
2.631
31.314
417
34213
4.389
654
4,501
2295
32,150
1,560
4.014
976
2.631
31882
417
34.213
4.389
654
4,501
2,295
32.150
1,5tgJ
5.053
892
2,478
24.437
243
32.059
3.825
171
3,382
396
31150
1.503
5,053
892
1478
24,437
243
32,059
3,825
171
3,382
396
32.150
1,503
112.719
1.568
125,647
1.568
127.21)
112.719
Net IDcome and net movement th fund5
before gains I0￿e5 071
Inve5tment5
Net gains on inyeythjent
Net movement in fuDds for the year
25,333
23,839
(1.151)
24,182
23,839
27,934
11.819
272
28,206
11,819
49.172
(1.151)
48.021
39.753
272
40,025
Reeoneiliation of funds
Total fuud5 brought fonvaTd
Total funds earrted forward
1.959.198
19.481
1.978.679
1,919,445
19209
1.938,654
2,008,370
18J30 1026.7(M)
1.959.198
19,481
1,978,679
The stateme￿ of Financial Activities includes all gaitis and 1055es reco￿]5￿ in the y¢aT. All inCOll￿ and expenditure
derive frorn CODlinuing aclivitie&
The notes on pages 8 to 13 form part of these fitMncial statements.

CAMBRIDGE VICTORIA HOMFS (CIO)
PAGE 6
FINANCIAL STATEMEKfs FOR THE YEAR ENDED 31ST DECEMBER 2￿24
BALANCE SHEET
2024
2023
FIXED ASSETS
Tallgibl¢ assets
Jnve5tments
784,384
721484
816,534
677.170
1,493.704
Totsl fixed a8sets
.506.868
CURRENT ASSETS
D¢btors
Cash at bank alld in halld
2218
532.517
2,086
487.367
Total cU￿ent assets
534.735
489,453
LIABILrriES'.
Cr¢ditOT8'. alnounts fa]ling due
within one year
14.903
4,478
Net Cwrent Assets
519,832
484,975
NEf ASSETS
2.026.700
1.978,679
THB FUNDS OF THE CHARITY
Restricted Fwhd8
Unrestricled Funds
18,330
2.IM)8,370
19,481
1,959.198
io
Totsl Charity Fund5
2.026,700
1.978.679
financial statements weTe aPprnv￿ by the TnL8t￿s on /r Jtr￿ itsA s"
and signed on its behalf.
/]_ ft 121d
A R BLAKE
TRUSTEE
The notss on pages 8 ￿ 13 forni part of these financial staterllents.

CAMBRIDGE vIcfoRtA HOMES (CIO)
PAGE 7
FINANCIAL STATENIBNTS FOR THE YEAR ENDED 31ST DECEMBER 2024
STATEMENf OF CASH FLOW
Note
2024
2023
Net cash provided byl(u4ed in) operdting
ctivities
14
28.106
22,193
CASH FLOW FROM INVESTING ACr[vi￿s.
Ent¢r¢st and divideDd5
Rental income
PUrch￿e of Tnyestments
Pr(Keeds from sale of investments
28,000
10,519
(64,082)
41607
23,496
12,796
(153.905)
157,386
Net ¢8sh provided by investing a¢tiviti¢$
17.044
39,773
Change An casb al￿ ¢&sh equivalents in tbe year
b and e&sb equivalents bTougbt forward
C&8h and cash equivalents carried foTward
45,150
487,367
61,966
425,401
532.517
487,367

CAMBRIDGE VICTORIA HOMES (CIO)
PAGE
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024
NOTES TO THE FfNANCIAL STATEMENTS
ACCOUNTING POLICIES
The ftblluwing arci)UDlillg policies have ￿Sed consistenty through￿1 yeBr in dealing wilh itrrns whith p
considered mateiiai in relatiollto the financi￿ &taternents.
(a) BASIS OF PREPARATION OF FfNANCtAL STATEMENTS AND GONG CONCERN
The fillanciai statements bave been prepared under the bistorical costconvention with the exception that inve51ments
are included at market value and include the Tesults ofthe thaJitys operatiOll5 wbith are described in the Trustses, R¢port
and ail of whiGh &re ¢otitiDuillg. The finallcial Stst¢￿ havE been prepared in accordance with the Statement of
Recommended Practice "AwowrttDg aDd ReportiDg by Chartti¢s' applicthle to c1￿]tieS prepor]￿ their accounts in
accordattce with FiDancial Keporting Standard applicable in the UK and Republic of Jrcland (FRS 102) (effective
l January 2019) and the Cbarities Act 2011.
The Clwlty ¢onstitirtes 8 public benefit entity ￿ defilled ty FRS 102.
The Tn￿t¢¢3 Wll5ider th4t th￿￿ llJa¢¢ri￿ wiwtrillti¢s thiut th¢ Clthrity's abllity to continue a5 a going concern.
With respect to tbe next reporting w&o(L 31st December 2025, the most significant areas of uD¢¢rtainty that affe￿ the
canying Vdlue of a55ets held by the Challty are the pthrnwice of iDveslmeDt rnJTkets (sec the investsnent policy
perfonmce alld Tisk management sections of the Tr￿le£S annual repon for more ]nfOrn￿10n) and Tisk of mr4jOi
llforese¢n WO￿ on the cbaTity's properties.
(b) IN'COME RECOGNITION
All in￿)me and grants recognised in the Statement of Financial Activities when the clwity bas ¢lltit]¢]nen¢ to the
income th¢T¢ is r¢wonabl¢ &55urallce of TKeipL wh￿ a C]&]￿ for rEpaymEni of income tax has or will be made.
such inconie is gr05sed up forthe tax recoverdble. lkn¢ following accowIti￿ policie5 are applied to iDcom6:
Donation5 and 911 otheT recelpts from fimdraisiDg aTe re￿￿￿t￿ gross and rccognised when the clwiry has entitlement
to the donation and can be measured reliably.
Juv&gtment income is &coullteAI for whenreceivable.
Debiors are t¢¢ogntsed at the settlement due.
(G) EXPENDITURF. RECOGNJTION
All exp¢nditUTe is accounted for on an accn￿lS
C(ksts of raising funds art ¢0sts as$￿1)ted with the JnaDagrnt of iJhv¢stsnemts.
Charitabl¢ ¢xpenditure ¢¢)uwi3￿ th(bs¢ ¢(¥sfs inwrr¢d byth¢ Clwity in th¢ deliv¢ry of its aGtivitiES aTLd 5CTViGes to
tbe beneficiarA&s. Governance costs include costs asS￿lated with meeting the constitutional and Statutory requirements
ofthe Charity.
Value added tax is ￿)t recoverable by the charity. and &$ such is included in the Televant costs itk the Ststern¢nt
Fina￿la1 ArtiViti¢s.
Liabilitie5 are rewgnised as expenditure a8 Soort thcre is & legal OT constrllcÉive obligation cornmitting the charity
to expenditure. it is probable that settlement be requtred and the amount of the obligation be measured
r¢liab]y.
(d) FUND AccouKfiNG
Unrestricted fiEllds are generai fimds that are available for ￿ at the Tr￿tee5 discr¢tion in futheTaDce of the objectives
ofthe ¢hartty.
DesA￿ated funds are UDre5tricted fuDds set a8ide at the di5crdioD of the Trust¢Cs for s￿¢IfiC purposes. Restrictsd
fund5 arc those dollatEd for usc in a particular area or for specific purpose4 the use of which is restricted to that
area or purpose by the donor.

CAMBRIDGE VICTORIA HOMES (CIO)
PAGE 9
FINANCIAL STATEMEKfs FOR THE YEAR ENDED 31ST DECEMBER2024
NOTES TO THE FINANCIAL STATEMENTS
(e) TANGIBLE FIXED ASSETS LND DEPRECIATION
All assets ￿5[ing mOTe that £IOOO are c8pits]ised and Vall￿ at historical cosL
D¢preGiation is provided on cost or deemed valuatioll in equ418llnual insts]ments over the estinMted lives of the assets
at th¢ followiDg rates..
Frechold buildings
Land
Fixtur¢$ attd fittings
Offi(% equipLn¢llt
2% straigbt line basis
is Dot depr￿lat¢d
IO% styaight IiDe basAs
25QA straight line b&sis
(fj FIXED ASSET INVESTMENTS
Invest￿ents are a fonll of baqic fit)ancial iDStnJment and are initsalty recognised attheir transa¢tiott valuE aud
SLLbyequentty measured at theiT fair value as balaDce yh¢ct date using the closing quoted ma]tet price. The
Staiement of Finaneial Actisryties includes net gall)s and10&4es ￿lsing on revalu￿10￿ aDd di4)osds througbout
the ye8r.
The chaTity d￿S Dot geD¢raity awire pul (y¢i¢m% Ikriv*ives or other ￿leX fu￿claI instruments.
The maijj forrn of fina￿1￿1 risk faced by the charity is that of vola(i]ity in equity markets and inve81tu¢ut uwkets due
lo wider economic conditions. the attitude of investor5 to inve51m¢nt risL and ¢bang¢s in sentiment c4yncemiDg
equities alld within parti¢ular sectors or sub sectors.
(g) GAINS AND LOSSES ON INVESTMEM3
All g2ins and losses are taken to the State)nent of Financial Activities a5 they aris¢. Realtsed gains alld losses on
investment5 pJe cal¢ulatrd as th¢ difftr¢llc¢ betsveen sales prrtccd5 and opening n)arket value (or pur¢hpse cosl if
uired iti the year). Unrealised ￿aIns and105ses are calculated as the difference between fair value at the Y￿ end
and opening maTkct value (or purcb&se cost if Acquired in the year). R￿]Sed and unrealised gaiT)s are uot 5epaTatEd
in the Statement of Financial Aaivities.
(b) CASH AT BANK AND IN HAND
C￿h JI bank aDd cash in hand iurludes cash and shortterni higbty liquid iTrVestro￿ts with a maturity of one year
or less from the date of awuisition or opeuiDg ofthe de￿it or similar ￿￿o￿￿t.
[￿VEST￿￿￿r INCOME
YEAR ENDED 3 1ST DECEMBER 2024
2024
2024
Un￿StriCted Restricted
2024
Incom¢ from UK listrd xnvesth)ents
Income from non UK listed invesl
Bank and other interest
UK rentsl income
15,305
3,699
8,579
10.519
15,305
3,699
8,996
10,519
417
38,102
417
38,519
INVESTMENT INCOME
YEAR ENDED 31ST DECEMBER 2023
2023
2023
Unr¢3tri¢ted Restricted
2023
Jncome from UK listed investrnents
Income frorn noD UK list￿ iDvestmeDts
Bank and other interest
UK rental income
14221
4.624
4,379
11796
14,221
4,624
4,651
11796
272
36,020
272
36,292

cAMBRll￿E VICTORIA HOMES ICIO)
PAGE 10
FINANCIAL STATEMENfs FOR ]HE YEAR ENDED 31ST DECEMBER 2024
NOTES TO THE FfNANCIAL STATEMENTS
NEf ￿COmE FOR THE YEAR
The surplLts Df inc0￿e over expendihtte forthe yeJr is stakd aftcr dwgiDg.'
Depreciation of *ble fixed assets
Independent examiner fee
2024
2023
32.150
1,560
32,150
1,503
STAFF COSTS
The staff ¢osts w¢re:
Salaries
P¢D811)ll GODtnl)ution5
Agency staff
2024
2023
33.954
259
31.190
244
625
34.213
32.059
The &￿r￿ge monthly nwllbeT of Staff employ￿ byth¢ chaTityduTiDg the year as follows..
2024
2023
DiTeth eharitsbl¢
No employees enJolum¢nts ex¢eeded £60,IXKI.
The Board of Trustees consider th￿nSelveS the key management atMI they aTe not remunerated.
TANGIBLE FIXED ASSETS
YEAR ENDED 31ST DECEMBER 2024
COST OR VALUATION
Balance at l st January 2W24 and 3 1st DecembeT 2024
DEPRECIATION
Balance at 1st January 2024
Chargc for the year
Balance at 31￿ tkcember 2024
Office
Equ3P]￿t
Fixture5 & FT¢ehold land
FAttings
& buildings
Totsl
87
38,966 1,593,156
1,632,209
87
38.391
287
777,197
31.863
815,675
32.150
87
38.678
809.060
847,825
NEf BOOK VALUE at 31st December 2024
288
784,096
784,384
TANGtBLE FIXED ASSETS
YEAR ENDED 31ST DECEMBER 2023
COST OR VALUATION
Balance at 1st January 2023 and 3 1st Deccrnber2023
DEPRECIATION
Balan¢¢ at 1st J8nuary 2023
Charge for the year
Balallc¢ 4t 31st Der¢rniKr 2023
Fixtures & Freehold laDd
Fittings
& buildi
Fquipment
Tots]
87
38,966
1,593,156
1,632,209
87
38.104
287
745,334
31,863
783,525
32,150
87
38.391
777,197
815,675
NET BOOK VALUE at 315t December2023
575
815,959
816,534
Th¢ historical cost of additii)DS to frthold pmperty since the r¢valuation ID 1997 amounts to £516,609 (2023.. £516,609).
The net book value based on the historical cost of these addttiODS 15 £288.88612023.. £299,218). For puiods bEfor¢ th¢
valuation the historical costs ar¢ not known &5 they were expensed incu￿ed.
Buildings have been included in the bala￿￿ shcet at rnarket value at 3 1st De£ember 1997 plus improvements since
then at cost. The Yalue of the land was disregarded at the valuation in 1997. In accordance with FRS 102 the trllstees
have d¢cid¢d not lo revalue the propeTty.

CAMBRIDGE VtcroRIA HOMES (CIO)
PAGEII
FINANCL4L STATEMENtS FOR THE YEARENDED 31ST DECEMBER 2024
NOTES TO IHE FINANCIAL STATEhlEKrs
tNVESTMENfs HEID AS FIXED ASSETS
YEAR ENDED 31ST DECEMBER 2024
2024
2024
IAud Securities
2024
Totyl
Mats value 8t Ist January 2024
Additions
Disposals
N¢t realised gaills
Nei unreali8ed gains
MaTket value FAt 31st Dwember 9024
1250
675920
64,082
(42,607)
1,409
22,430
677,170
64,082
(42,607)
1,409
22,430
1.250
721234
722,484
Cost at 318t Decejnber 2024
1.250
621.504
622,754
INVESTMENTS HELD AS FLYED ASSETS
YEAR ENDED 31ST DECEMBER2O23
2023
2023
2023
Totsl
Seeuritieg
Market value at 1st January 2023
Additions
Dispo88]s
Nei realisej losses
NetU]]rralL￿ gains
Market value at 31st December 2023
1.250
667.582
153,905
(157,3861
18,569)
20,388
668,832
153,905
(157,386)
(8,569)
20,388
1,250
675,920
677,170
Co8t at 3 1st Decetnber 2023
1.250
596,071
597,321
All In￿st￿ellts gre carried at theiT fair Value. Inv&stsnents in equities and fixed xnter&qt secwities are all traded i
quoted public mthets. Holdings in urtit t[￿sts, opellendcd invested conw8nic8 and hedge fuTh(L8 are valued P¢t bid
or published net a&set value rllodel prices. The basis of fair v&tues is the Ma￿et value. The charity matsag
investments and associated illvestn*nt risks by wing Charle8 Stanl¢y & Co Limited a8 invesknent wan&g¢rs. They
have dtscretion as to the inkeslment approabh cknsen based oll a mediunjllow tisk withbalanced objectives. The Cl￿rItY
relies on its invest￿en￿ to produce r¢gulaT in￿1￿¢ and capithl grovrth as a colltiiigerA￿ in case of necessary and costly
building WO￿ of its pfopernies. The Trustees beliei""e the rnediuttbqow iisk Ind balanced approach pffikides $uffici¢nt
liquidity aud security of fi]nds to enable thi& tnvesmJenLS held within the p)rtfobo that exceed 5Yo ofthe rotal value
are VangLthrd Funds (5.47DA) {2023.. 6.32/). No otber invcsttDents comprise 5Tr/0 or of the EX)rtfolio.
DEBTORS
2024
2023
one year
one year
Pr¢paymellts and ac¢rued income
2,218
2,086
CREDITORS
?024
Due within
one year
2023
Due within
one year
Accruals and deferred
14,903
4,478

CAmBRI[￿E VICTORIA HOMES (CIO)
PAGE 12
FfNANCIAL STATEMENfs FOR THE YEAKENDED 31ST DECEMBER 2024
NOTES TO THE FLNAliCIAL STATEMEwrs
MOVEMENT IN RESTRICTED FUNDS
YEAR ENDED 3 1ST DECEMBER 2024
R Alsop
P4vi]ioll
Fund
Tolal
2024
Balance at 1st Jamwy 2024
7,892
169
11,589
248
(1,568)
10.269
19.481
417
(1,568)
18.330
Exwiditure
Balallt6 at 3 1st Deccmlw 2tr24
8.061
R Alsop
Pavilion
F￿d
YEAR EKDED 3 1ST DECEMBER 2023
2Q23
Balance at 1st 18twary 2023
h]come
7.782
iio
11.427
162
19.2¢YJ
272
Balance at 31st Dece]nber 2023
7,892
11.589
19,481
R Alsop OBE left a legacy to the GbaTity, to us¢d sp￿1￿c4￿Y Io Provide an anllual dinDeT for the residents, staff
and comrnitttt.
£IO,QOO was received from the estate of Sir Artbur MaTSball towards th¢ d¢v¢lopEDenl of the P&vilioll.
io.
MOVEMENT ￿ UNRESTRtCTED FUYDS Ba]ar￿ at
YEAR ENDED 31ST DECEMBER 2024
1st
January
2024
Bal￿GO 4t
31st
December
2024
gains at
Ioys¢S
Incom¢
Transfers
Revaluation Re5fflve
General Fund8
516.741
1.441457
{21,531)
21,531
495.210
1,513,160
150,980
(101,808)
(101,808)
.959,198
150,980
2,008,370
MOVEMENT IN LfNRESTRICtED FUNDS Balance at
YBAR FNDED 31ST DECEMBER 2023
1st
January
Balan¢¢ at
31st
Dxember
2023
gai115 and
losses
2tr23
Revaluation Reserve
General Funds
538272
lJ81,173
(21,531)
21.531
510,741
1,442,457
140,653
(100,900)
(100,900)
1.919.445
140,653
1.959.198
Th¢ traDsf¢r of £21,531 fro￿ the Tevaluation Tes¢Tve to 8￿al fijnds represents depreciation included in the
Statement of Financia] Activities as a expense on th¢ r¢valu¢d fr¢¢hold building5.

CAMBRtDGE vicfoiuA HOMES (CIO)
PAGE 13
FfNANCIAL STATEMENI'S FOR THE YEAR ENDED 31ST DECEl*tBER2024
NOTES TO THE FINANCIAL STATEMENrs
ANALYSIS OF FLfNDS
Total Unrestrithd R¢stricted
2024
2023
2023
Total
2023
2024
2024
Tangible fixed &ssets
InV￿llnents
Net ¢urreut assets
784,384
722,484
501,502
2,008,370
784.384
722.484
519.832
816,534
677.170
465,494
816,534
677,170
484,975
1.978,679
18.330
19.481
18,330 1026.700
1,959.198
19,481
12.
TRUSTEES TRANSACTIONS
No expenses were reimbursed io the kntsttts during the year and the trustees all give theirtime and expertise without
any form of reMun￿atiO
13.
BELATED PARTIES
The sistur of A RBlake. & tru51¢¢. 15 employed by the Ch￿￿ty for secret￿￿ services. She teeeivediejnuneration at a
similar level to her predecusLf and thi5 is ¢j¢teTu￿bY th¢ tNstee5 with no involvemeut of A R Blake.
14.
RECONCtLIATION OF NET MOVEMEKr IN FLNDS TO NET
CASH FLOW FROM OPERATING ACTIVIT￿s
2024
2023
Net M0￿Ment in fimds
Add back depreciation cbArge
Deduct inveslment Tncome shown in itsv¢sting activitie5
Deduct ￿1￿5 on inv¢5ttnents
(tncreaselldecrea5e tn debtors
tnCTe8w,(d￿￿e) iu creditors
NEtc&sb provided by operatiDg activities
48.021
32,150
(38,519)
(23,839)
(132)
10,425
40,025
32,150
(36,292)
(11,819)
(603)
(1.268)
22,193
28,106