CAMBRIDGE VICTOIUA HOMES (CIO) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025 CONTEKfs AND INFORMATION PAGB: TTUStees' AnlluaL Report Illdet*ndent Examinevs Report Statement of FillanciaI Activities Balattce Sheet Ststemont of Cash Flow Notes to the Financial Statements 8-13 TRUSTEES: A R Blake, (frea8urer) P Cowell WishaTL (Chair) J Davison R Harding J J(mes (resigrted 28102f2026) R MonK (President) M Wells TRUST ADDRESS.. 38 VictorA&Homes Vithria Road CambTidge CB4 3DX CHABJTY REGISTRATION NUMBER: 1177888 PTETrti5 & Co ILP 115¢ Milion Rj CB4 IXE BANKERS.. Barclay5 BaDk Cambridge Branth St Alldtews Street Cambridg CB2 3AX INVEsTNT MANAGERS: ChBrl&s Stsnley& Co. Limtted 151 Floor 3 Ststioti Squp Cambridge CBI 2GB
CAMBRIDGE VICTORIA HOMES (CEO) PAGE I FTNANCIAL StATEMEKfs FOR THE YEAR ENDED 3 1ST DECEMBER 2025 TRUSTEES. AKNUAL REPORT The trustees presenttheir annual rew¢ #nd fmancial Stateellts ofth¢ CbaTityfor the year ended 3 1st December 2025. The financial statements bave E¢en prepared in accordance Thith the Rcwmling policies set otrt in note I to the accoutts and comply with th¢ ¢har&tys tryst deeiL the Chatities A¢1 2011 Accountillg and Reporting by Clmrities.. Staterneut of Recommertded Practice applicable to ¢bartties pwiog thetr occounts in accoTdmce with the Financia] iieportin8 Standard &pplic4ble in the UK Republic of ]re]and (FRS102) {effllye l January 2019). I. OWECTIVES, ACTIVJTJES AND PUBLIC BEhTFIT The objccts ofthe Cambridge Viettiria Homes CIO are to provide subsidised accommodatio &8sociated f&cilities and financial SUPEM)rt for the elderly and infirn over 60 years of age" in particular buÉ uot luSIVe]Y to those who have PTeviously lived within 20 llllle8 Of Great Stmatys in Cambridge and rnemttTS of Friendly Societie8. The Charity maintsins 16 onE bedrooLU unfise1 bungalows to PTovide convenient aGcommodation for elderlyF¢ople in a Conmnunity setting. Th¢ bun8aLow5 are 5¢t iu attra1ve landscaped groullds, alongside allolments and apavilion whi¢h provide social facilities for the residellts, Tbere is a part time warden, but there is no provision for nut%ing or other ¢ servic¢5 because the aKommodation is pritDarity for those able to live independentty in the coromunity. The tTUS eneourage a positive sense of eommunity arLLongst the rE5id¢Dts. a5 5elf-belp 8nd independent living are recognised as in1portt elements for maintaiDiDg ahealthy lifestyl¢. The trustees confinD that they have referred to guidall issued by the Ch4rtty Co[[110ll on public beD¢fit wben r¢vi¢wing the Charitys aims and fvu]re plans. I STRUCTURE GOvERNcE AND MANAGEKE The Clwity origtTkally forn]ed under & trust deed dated 1837. In 2019 it TOnStitUted a5 a Charitsble Incoryjornted Orgallisation (CIO). charity regigtration number 1177888. The maT)agement of the Cambridge Victoria Homes is UndebY a Committee of TrtLStees. The trLLStees meet every month. excluding August and Dece4nber, to agree the broad strategy and area5 of attivity for the trusL inclwling ¢owid¢ration of inv&sttllEllts, res¢rye5 aDd risk Maage1ent policy aud perfonnance. The trustees appoint a ChairF¢rson trj chair the meetiD¥ of the Charty tru5ttcs ov¢rs¢e the general Thnniug of the CIO, as well as otheT officer positions as President and Treasurer. These officers are normalty ¢Xpt(l to serve for a term of & le&8t two years, zlld thi5 ran be extended at the disrtion of the Charty tThtees. The day to day DjillE of the Hon)es is ulldErtak¢ll by a time Secr¢W and Warden who are retnuneratedand report directly to the Committee. The Coromittee keeps under review the skill requxrfflnents of the Charty. It ensures thal in the event tbat a Trustee Tetires or additional tsiL8tees are required, new tTWtees have skills th* are abl¢ to contribute towards acbieving the Chws objectives. No other organisation m8kes any wintmerts to the C0nllni aud th¢i5iQDS about D¢Wtnth5 ate made solely by the CotEllllirte The induGlion proce55 for Jllynewty appointed TnLdee comprises a meeling with the chajtpers0 introduction to residents. and provision of copies of the CIO'S CoDstitytiO operational guidelines. licieS andthe last two y¢ars fjnancial stat¢ents. 3. ACHIEVEMENTS ATriD PERFOILMANCE Th¢ Cl)arity achieved its key objective to provide subsidised aceomTniMtstii)D foTthe elderly during the year. The results for the year are considered to be satisfactory alld bToadly in iiDe with tbe anticipated budget. On¢ aceonll)iodation vacalley occllrd iu Septetniw 2025 following the death of ODe of the residents. Another resident zrtsferrcd to the origxnal vdcant propety in December 2025 andthe resu]ting vacant Propety w&% filled in JatLuary 2026. Otherwise. allproFerties were occupied thIoughoth the year with 17 b¢n¢ficI1g5. During 2025, in addition to the r¢gular Tnaint¢nance work sp¢cifi¢ mattttenallce ile4DS for the Charity illcluded.. Replacement of the roofs for )Its 180d 3, duc to their poorcondition. C¢)st £27,060. ReplaTrm¢nt of two Wds boilers, total cost £7.414. A fi]rther 3 boilers have been schedllled for replace¢1 ove the n¢xt 12 months.
CAMBRIDGE VICTORIA HOMES (CIO) PAGE 2 FNANCLL sfATEMENfs FOR THE YEAR ENDED 3 EST DECEMBER 2025 TRUSTEES, ANUAL REPORT.....CONT CarryiDg out of the 5.yer fixed electri testmg and the subsequent rerned1 work require4 total ¢05t£6.066. Renovarioll of a vacollt Unit, Inc8 thetreatrnent of woodwolrn, which w&4 found during the renovatio4 total cost £6,473. UpgTadiug of site office equipment with a new laptop forthe warden (£899) and a more cost-cffective telephone The eost of energy ron11te8 to be an area of budget Concer and the 103 T¢BU]atory check8 such as fire safrty iDspectioJ). PAT testing, safety cbecks, fjxed electrical tests are & sigtiificant element in the Cbaritys budget. The HOllS was helped, howev¢r, by visits Or]Sed by the Employee Volunteering scbeme thmugh ibith & teatll of volunteus AstraZenKa sptht 2 days at the Home5 Callying out such as repaiIng garden seats, cleaning down external windows doorss gardening tasks aud wryiug Outlor r¢pwir5. Th¢ volutttcers Work in the mornin& followed by an aft¢Tuoon session of pla)IDg games witb tbe residents, enabling both the volUntS and residents to get to know each other. The residellt5 really appreciaied the volunte5 SUPPOrt and we bop? to rqJ¢atthe %he]ne in 2026. The progrJrllrne of tnonthty subyidi5ed r¢sideDt outings introduced in 2024 b&5 been well received and will be continued into 2026. Ibis has included visits to Carriaues. Ioc31 garden centres and mthet t0thS and pub lun¢hes. Finally, during 2025 th¢ Charity h&8 set up a'Friends of the Homeg scbeme. This i5 forvoluJJt¢¢rs who wish to be involved with the Charity. but do rLOt wantthe respons71 Jilits¢5 whith w¥th belug & Trustee. The'FrieDds' can jotn in with the Homes social eveDts and coffte Dni]ng&. volunteer to help outthe residentsith specific wks amulld the house and garden or organisE Soci activities for the resideTts. 4, FINANCIAL REVIEW The incom4 Ixfore gains on inv]ellts, fortheyear w&$ £6,761 (2024: net income £24,182). The net mov¢]nent in fidS was & increase of £55,94912024: illcre&s¢ £48,021). Principal Fding Sources The pTtncipal sourc¢5 of fidIng for the Charity are the levies CeIv&1 ftom T&8idents and rekn earned fromthe investrnents. From iin]e to time the Charity rereive5 b¢qu¢5ts. gr4Dts and donlltio. usually Trall scal¢, which ptefully received arLd ud to further th¢ Homes, obje£tive Principal Areas of Expendi a) Repairs andMaiatenauGe- The cost of maintsiniDg the h(w to a high standard remaing 8 significant burden on the Charity's financial Te50urc6s alld every project is carefulty considered prior to impIeTDentrtio Major refurbisl]nkent works rnust be planlled in conjunction routitie rniDt¢nance. but the oppoiti]nity is tske4 when propertk¢s becoTr¢ vacant, to UP8rade and refutbi5h the hoTll&% &8T£ess8ry. b) stsffing- the Charity employs a part time SecT¢lary (15 hour5 p¢r w#k) Olld a part tttlle Warden (18 hours per week) aod a person to manage th¢ pavilion opening and closin& A telepbone lifeline system 15 also contracted to provtde emergency support for the residents. The ttutees 5aiisfied that t PTOViSiOnS Tneetthe Homtrs, day to day op¢rntional requirements. Rescrves Policy It is the policy of the Charity to hold unr¢stric¢ed at a level sufficient to coverthe costs of maintaining ea¢h residential propety at the appropriate 5widard foT the foreseeable firture. The general fimds at 3 1 December2025 w¢re £1.59m (2024.. £1.51m). A Subst propcgtioD of th¢ Cb8rity'$ Properties and infrastru¢tur¢ aTB over 100 years and as a cowqu¢D¢e requirc TrJth regular mattitenatice alld inwvenwmts. The investtneDts are b¢ld to botb generate income and to ful une4Cted major bwldillgwo trj acl)ieve the p)licy noted above. The trustees, ain), by plallniDg Fegular D]alutce, is to bieak£Yen before investTnent gains aud losg¢s iu the shortternL The ts1¢¢8 bave tntroduced a Maintenance Res¢TV¢ fimd ikning 2025. The objective is to Set aside fi]nds for mainlenance each year to COV irregular costs, such the 5-year electrical ttstill& so that the expendTtur¢ is SPT¢ad ov¢r allutnber of years. This will avoid an eKceptiona] cost bcing incurred aDd will assitt in blldgeting the levy charge. The maintenance res¢rv¢ at 31 December 2025 wa5 £5,000 (2024.. £Nll). Th¢ trS¢S are satisfied that the policy noted above is being nJ8ititsij
CAMBRIDGE VICTORIA HOMES (CIO) PAGE 3 FINANCIAL STATEMENfs FORIHE YEAR ENDED 31ST DECEMBER 2025 TRUSTEES, ANNUAL REPORT.....CONT Tnvestment Policy In Tespect of the portfolio the level of income to be achieved slK>uld be in excess of average FT All Share yield. Not more than trn per cent of portfolio to be held in any One stock. The policy is to hold iDve9tments over the long and in thi8 context the tn consid¢r the perfonnaDGe of th¢ illvestments to be adequats. Risk Management The trustees a riskttagt stratoy wbich comls¢S. An annual review of the risks th¢ Charity may f3¢¢ The est2blishJnent of yy5tems and procedu5 to mitigate those risk5 identified in the plan. and The implementstion of priK¢dures d¢siglled io miDItSe 8ny potential impact on the ChaTity shi)u]d those risks A key elem¢nl JD the maDa8ement of fllwjcial Tisk is the sdting of a r¢5eryes px)]icy aq above and its regular reviewby trw81¢es. Th¢ tytees att Salisfi thatthe ljwity can eontinlle a going concern S PLANS FOR FLTURE PEIUODS Th¢ key objectives of the CIO will contÈnue to be w)vision of subsid1s associated facilities and fjnancial support for the elderty and infllm over 60 yeaTS of age. enslTll full of all th¢ homes. and maintsimg both these 8ndthe grounds io Abigb staDdard The trustees introduced a long lenu Major rnaint¢n4llr¢ IK9veets wJ8ramme ID 2018. Futh works items in this progTamme for 202617 include repoiDIiDg WO for sevual of the bullgal¢)ws, roof repotrs for units 15. 17, 19 and 21, and investigation of tho opw)rbJnities for of 501ar paneb or other ¢wgy Saving trchnoJogie& STATEl¥fENT OF TRUSTELS RESPONSIBILITIES Th¢ trustees are res91]¢ for preparitig th¢ Tntst¢¢s' Rel 4rwJ the fillallcial statements in accordance with applicable law and lJnited Kingdom Accounting Standards. The law appliLabl¢ to chari¢igs ill EDgl&lld and Wales requires the tn]stees to prepare fjnancial statwllcllts for eacb fitiancial year wbich give a true and fair view of the 51ate of the affairs of the CIMrity th¢ illcorning resources and application of resource5 of the Cknlty for thai period. In preparing these fthaD¢ial statementy the tru5te¢s aT¢ reqthl to: (i) (li) (iu) (iv) Select suitable aOuntrg policics &ud then pty them consistendy. Obs¢rve the metho¢ls principles of th¢ ChaTiti¢s SORP. Make judgements and estimates that 8re reasonable alld pn Stste whether applicable accounting standards and 51atemeDts of praLtic¢ have been followe& subje¢1 to ally d¢pattre disclosed and explained in the financial statemeDts. Prepare the fin&)cial stateJneDts OD the going concern basis il ts inappropriate to pre8uD)e that the Charity will witiDUE Ati operation. {v) The trte¢S respoDsJlJle forkoopitjg pro accouoting records whith disclose with reasojllble accw at any time, the fancial positloll of the CIlty and to enable tIn io eUre that the finan¢Aal 51•ttments comply with the CTrwities Act 2011. and the appli(abl¢ CbaTity (Accoutjts and Rem) Regulation They are also responsible for safeguarding the a55eLs of the Charity aDdhr¢ for tski08 re&qonable steps forthe prevention and detectioll of fraud and other irregularities. 7. KEY MAliAGEMEThT PFB50Tr4f4EL REMUIITRATION The Conmllttee of Tntss consid¢T ¢IselVeS to be the key m2na8ement 8lld receive no reJ)wneratio . APPROVAL DECLARATION The r¢port approved by the trustees on and signed on their beba]f. 23 -f.1 20AI A R BLAKE. TRUSTEE. TREASURER
CAMBRIDGE vIcfoRIA HOMES (CEO) PAGE 4 FINANCIAL STATEMENfs FOR THE YEAR ENDED 31ST DECEMBER 2025 INDEPENDENf EXAMfNERE REPORT TO THE TRUSTEU OF CAMBIiIDGE VICTORIA HOMBS (CIO) I report to the ChaLIty Trustees oll my Mioll ofthe accoutts of the Charity forthe Y ended 3 1st DeC¢beT 2025. wbich are set out QII PW8 5 to 13. BESPONSIBtLETIES AND BASIS OF IiEPOKT As th¢ Charitys Trustees of the Charity you are respojjsible for the preimration of the accounts in accordAnce with the requirenmts of the Charities Aet 2011 (Ibe 2011 Ae¢). Having F*en satisfied that th¢ accounts of the Charity are not req]redt0 be audited uodcrthe 2011 Act and are ellMIe foT iudep¢nd¢nt examinatiow I rewrt in respe<t of my examintition of your Charitys accoullts are ed out under s.145 of the ChaTities Art 2011 Cth¢ 2011 Arf). try ¢allying out my exarninaLiOn I hawe follow¢d th¢ Direthion5 given by th¢ Chlty Coltlltiission under $.145{5)(b) of the 2011 Art I have c(MIplet my exa]natiOn. I confirni thatno mlltte bave to my altention iii coIJnxtion with the exomillatio which give ¢ause to bejieve: (l) wourLting records were not kept inrespect of tlLe Clrity &8 required by s.130 of trLe 2011 Ac¢ (2} tbe accounts do ttot with th05e KrOtIng records. (3) the CoUnts do noi comply with the applicable Teqtiirertients eonceming the form and contents of the accounts set out in the Clwitle5 (ACcots and Reports) RegulauoDs 2(K)8 Othtt than any requirernent that Ihe accounts give a'tru¢ and fdiv view which 15 not a KDatt¢r fOD5Klered ts part of aD iod¢p¢Udeut¢X1ntition' or, (4) tlLe accounts have not beeu prepared acc4)rthce with the metbods and princrples of the Statowent of RecowEllended Practice for ac£ountin8 and reportiug by ¢lwt¢iES (app]icJblc to charities prepry their accounts in accordanc¢ with th¢ Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS102)). I bave no concems alld have come across Do oth<Ymatters in eottttection witbtbe examination to which attenti¢)n should be dramm in r¢port ID order to ¢nable a proper uuderstandingofthe a¢lts to be r¢ache IAli W SHtPLEY FCCA FOR AND ON BEHALF OF: PRENllS & CO Ltp I ISC Milton Road Cambrldge CB4 IXE
cAMBRllE VICTORtA HONiES (CIO) PAGE 5 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER2025 STATEMENT OF FINANCIAL ACTIVITIES Notes 21r25 2025 U]]restricted Restricted 2024 2024 2025 UDrestricta Restricted Totsl Fur Funds 2024 Total COME Covenauts, donations d logaci¢s Invesrnent incom¢ tneame fro charitabk activitie8: Levies from rgsidcnts Other incoming resources Total iDcome 4,409 43,473 4,409 43.816 3.414 38,102 3.414 38,519 343 417 104.853 9.862 104.853 9.862 101,651 7,813 101,651 7,813 151,397 162,597 343 162,940 150,980 417 EXPEf4DrruRE Costs of raising funds: Investment rn3DageJnent costs 6,831 6,831 6,533 6.533 Espenditur¢ ebaritsble aet[viti. Ligbi alld heat Water charges Insur&nee Repair5 aud maintenan¢e Subscriptions Sal1¢5 Telephone and ¢aT¢ call Prillti stationery and advertising Gifts and residents welfKre Swidry eJq)enses Depreciation Indepetellt examinatiffl fee Total expendlture 3.050 1,685 2,759 63.489 427 35251 4.315 183 2,313 1.875 3.050 1.685 2.759 63,489 427 35.251 4,315 183 2.313 1.875 32.376 1,625 4,014 976 2,631 31,314 417 34,213 4.389 654 4501 2295 31150 1,560 4,014 976 2,631 32,882 417 34,213 4,389 654 4,501 2,295 32,150 1,560 127,215 1,568 1.625 156,179 156,179 125,647 1,568 N¢t lllcome And net movement in funds before gHiDs and lo&5 D Investmellts Net gaiDS on inv¢3tTrffit L¥et movement in funds for tbe year 6.418 49,188 343 6,761 49,188 25,333 23,839 (1,1511 24,182 23,839 55,606 343 55,949 49.172 (1.1511 48,021 Reconciliatio of funds Total fimds brought fonvard Totsl fuDd8 carrled forw4rd 2,008,370 18,330 2.026.700 1.959.198 19,481 1.978,679 2.063.976 18,673 2,082.649 2,008.370 18,330 2,026,700 The Statsment of Financial Activities includes all aud1055e5 recognised intheyear. All Incon alld expenditure derive from ¢olltinuing activAties. Th¢ notes on page3 8 to 13 foTm part of these finallcial statNnenL%
cAMBRILE VICIORtA HOMES (ao) PAGB 6 FINANCIAL STATEMBNTS FOR THE YEAR ENDED 31STDECEMBER 2025 BALANCE SHEET Nole 2025 2024 FIXED ASSETS Tan¥ible ass¢ls Investments 752.907 835,649 784,384 722,484 Total fixed 458ets 1.588556 1.506.868 CURRENT ASSETS Debt¢)TS Cash at baDk and Tn h8t)d 1704 507.915 2.215 532.517 Total aur¢nt &ssets 510.619 534,735 LtABILITIES: Creditm.. amounts falling the within one y¢aT 16,526 14,903 494.093 519,832 NET ASSBTS 2,082,649 2.026.700 THE FUNDS OF THE CHARrrY Restricted Funds Unrestricted Fund5 18,673 2,063,976 2.082,649 18,330 2,008,370 2.026,700 io Total Cl)arity Fut These financial stat¢ents w¢r¢ PPPToved by the Trwtr&s on 19 Ju Is 2 02 6 aDd Signed OD it5 behalf. A R BLAKE TRUSTEE The notEs on pages 8 to 13 forn) part of these financial thtements.
CAMBRtDGE VICIOIUA HOMES {CIO) PAGE 7 FANcL sfATEMBNTS FOR THE YEAR ENDED 31ST DECEMBER2025 STATEMENTOF CASH FLOW 2025 2024 Nct ¢a5h (used inyprovided by 01tillE activities 14 (3,542) 28,106 CASH FLOW FROM INVEST]NG ACTtVlTIES: nterest and dividBuds Rentsl incou Purch&se of investment5 Purchase of fiKed assets Proceeds from sale of investments 28,294 15,522 {152,120) (899) 88.143 28,000 10,519 {64,082) 42,607 Net cash proviikd by inYestinE artiviti (21,060) 17,044 Change in cash equivalent5 in the year Cash and cash wuivalent5 brought forward C&sh and cash equivalents CaTried forward (24,602) 532.517 45,150 487.367 507.915 532.517
CAMBIUDGE VICTORIA HOMES (CIO) PAGE 8 FINANCIAL STA TBMEKfs FOR THE YEAR ENDED 31ST DECEMBER 2025 NOTES TO THE FINLNCIAL STATEMwrs ACCOUNTING POLICIES The following accounting li¢jeS have been used CODSiStelltty throughoutth¢ year in dealing with items which are considettd roat¢rial ID relati to the financi statements. (a) BASIS OF PREPARATION OF FINANCIAL sTATEmErs kND GofNG CONCERN The financial ststernents have be¢n prepared ullderthe historical cost¢onvention with the exception that investmcnts included at llet lle aDd include the results of tbe C1]ari5 operations which are described the Trustees, Repor and all of are continuing. The financid statements have been prepared in aceordance with the Statement of Re¢on]rllend Practiee "Accounting Reporring by Charities" app]icabl£ to ChltieS preparing their aclIllts in accordEnGe with Financi Reting Standard applTcable in the UK and Repub]ic of treland (FRS 102) {¢ffe&ive l January 2019) and the Charities Act 2011. The Charity constite5 apublic benefft ertityas defjned by FRS 102. The trustees corkgider that there are no ntrial uncetttiintie5 abo the Charitys ability to continue a5 4 going concern. Witb respe¢t io th¢ next reporting perio4 31st Dec¢mber2026: the wost significant ar of uTr¢¢rtaintyth8t aff¢d the carrying value of assets b¢ld bythe Cl)arity are the •ce of investrn¢rt maTk¢ts (see the investtnent policy and F¢rforll¢¢ andTisk mÈnagement se£tioDS ofthe trustees tDnual report forTrnore infom8tion) and risk of major unfotlseen work ou thE Ctwiws PTOP¢rties. (b) tNCOME RECOGNUTION All income 8Dd gTamts are rEwlsed in the Siatewent of Finattcl A¢tivities whenth¢ Cbarityhas elltitlnent to the income ynd there is reasonable assurdu¢¢ of receipt. Wbeu a claim forTep2yrn¢nt of income has or be made, such inconL¢ 18 up for tbe Tecover&ble. The followiDg gcwunting policies are applied to income.. Donatiot]5 alld otheryeceipts frorn fidra181g are Teported gross and rKognised when the Charity has entitlement to the donation and can be m¢a5ured reliably. Investment income ts arwunted for when r¢ceivable. Debtors are re£ogtiised at the settl¢meDt arnoutrt due. (c) EXPENDITURE RECOGNttlON All ¢xp¢nditure is accouDted for on an ac¢m)als basis. Costs of raising funds are costs associatcd with the managemcnt of iuveslments. Charitable expenditure ¢ompTi8es those costs iucurre4t by the Charity in tbe delIry of its activities and services to the beneficiartes. Governance Costs include costs a8wiat¢d with IneetiDg the constitijtional and stahttory quireMts of the ChJity. Valu¢ added is not recoverable byth¢ Charity. and &8 such is tncluded iti th¢ relevant costs in the Statement FiDan¢ial Activities. Liabilities are reeogDised as expenditure &y soon 18 t1¢ is a legal or cons1n]ve obIigation Coll]Itting the Charity to that cxp¢nditure, it ts PTobable that settlement Y¢ill be twuirEd and the amount of the obligation can be measured reliably. {d) FUND ACCOLfNTtNG UDTrStrtcte41 funds are general funls that are avdilable for use * the dig¢retion in fi]rtbeTance ofthe objectives of th¢ Charity. Designated funds ar¢ uDrestricted s¢t aside at the disereti¢)n of the biL8t¢e8 for spxifi¢ purposes. Restricted fund8 those donated for us¢ in aWicul&r area or for specific pryses. the of whi¢h is testrictsd to that rea or purpose by the (lonor.
CAMBRIDGE VICTORIA HOMES (CIO) PAGE 9 FINANCtAL STATEMEKfs FOR THB YEAR ENDED 31ST DECEMBER 2025 NOTES TO THE FINANCIAL STATEMENTS (¢) TANGIBLE FIKED ASSETS AND DEPRECIATION All assets costing niore than £800 4r¢ witali5ed and valued at historical cost. DepTeciati(m is pmvided OD c05t or deemed valuation in tyual aDDual iDSt8tsneEsts over the estillted lives of the assets at the following rates., Freehold buildings 2Yo Strait IiDebasts is depreciated straight line b&sis 25UA straight IiD¢ basis Fixtures and fittings Office equipweDt (D FIXED ASSET INVESTNiEKrs IDve5tm¢nts 8re 2 form ofbasic financial instrutnent St are initi41]y recoBni5ed at Iheir transaction value and subsequently measured at their fair value as at the ba]ance sbeet date using the Closing quoted markei pric¢. The ststrment of Financial Activities include5 the ttet gain$ 8rtd10$5¢5 8TisiDg OD reva]uatioD aDd disposa15 throughout the year. The Charity do not geDernlly acquire pul optioJJ3. derivative5 orotber con)plex finwial instrLnents. The maiD forni of fjnallcial risk fa1 by the Cknity is that of volatility in 4uity markets investment ]llark¢ts due to wideT economir condition4 the attitude of investors to invuttD¢Dt risk and ¢haDges in senttrnent conceming equities and within wticular 5ectots orsub sedots. {g) GAtNS AND LOSSES ON fNVESThfftTS All gaiDS and losses are tsken to the Statement of Finala[ Activities as they aTi5e. Realised gaills and losses on investments calculatsd as the difference between sales PToceeds and ope]Jillg thei valu¢ ( pllr¢hase cost rf a¢quired in the year). Ullrealised gains and losse5 are cUlated a5 the difftrence between fair value at the year end and opening market value {OrpurCh eost if wu11 the ye4r). Rea]ised and unrealid 8aiEiS are not separated inth¢ StstUD¢llt of FiwiriaI ActiNryties. (h) CASH AT BANK AND IN HAND Cash at bank and casb irA hand ÉncludES aud short terni bigbly liquid investments with amatijrity of one year or less from the date of acquisition or opening ofthe deposit or similar account. 2025 2025 Unrestricted Reslricted. 2025 Total YEAK ENDED 31ST DECEMBER 2025 Income from UK listed investtuents tncome frotn Don UK listed investrnents Ballk aDd othcr UK rental income 14.869 4.013 9,069 15.522 14,869 4,013 9,412 15,522 43,816 343 43,473 343 INVESTMENT INCOME YEAR ENDED 3 1ST DECEMBER 2024 2024 2024 UDrestri¢ted Restricted 2024 Totsl Income from UK liskd investtneDts Income from noll UK list¢d irAve4tments Bank and other itrterest UK rental income 15305 3.699 8.579 10,519 38,102 15,305 3,699 8,996 10,519 417 417 38,519 NET INCOME FOR THE YEAR The surplus of income over expenditure for the year is stated after cIWgg.' Depreciation of tangiblc fixed a55ets Independent exominer fee 2025 2024 32,376 1.025 32,150 1,560
CAMBRIDGE VICTORIA HOMES (CIO) PAGB 10 FINANCtAL STATBMEvfs FOR THB YEAR ENDED 31ST DECEMBER 2025 NOTBS TO THE FINANCtAL STATENIENrs STAFF COSTS The staff costs were.. Salaries Pensioll coJthbutio 2025 2024 34.967 284 33.954 259 35,251 34,213 The aYeTage rnODtbly number ofstoff employed by the Cbartry thwillg Ihe year was as follows.. 2025 2024 Dired cbaritable No en]ployees emoluments eXCe¢d £60,000. The Board of Trnsttts consider themselves the key m8n2gerneDt and thry are notremuneratrd. TANGIBLE FIXED A&gETS YEAR ENDED 3 IS'F DECEMBER 2025 COST OR VALUATION Ba]auc¢ at 1st Jalluary 2025 Additions Office Equipmemt Fixtures & Freehold laud FTrtting5 & buildings Total 87 38,966 1,593,156 899 1,632,209 BaIau¢¢ at31st DecemEer2025 87 39,865 1.593,156 1,633,108 DEPBECIATION Ba]anee at 1st January 2025 ctmge forthe year Balallce at 3 1st Dernber 2025 87 38.678 513 809,060 31,863 840,923 847,825 32,376 880,201 87 39.191 NET BOOK VALUB at 3 1st DecETnber 2tr25 674 752,233 752,907 TANGIBLE FIXED ASSETS YEAR ENDED 31ST DECEMBER 2024 C06 [' OR VALUA'IION Balance at IstJ3nuary 2024 and 3 1st December 2024 DEPRECIATION Balallce at 1st Jalluary 2024 Charge for the year Balance at 315t Ikcernt 2024 Fi¥ture5 & Freehold ]and Fittings & buildin Equipmellt Total 38,966 1.593.156 1,632,209 38J91 287 777,197 31,863 809,060 815,675 32,150 38.678 847,825 NET BOOK VALUE at3 1st Dember 2024 288 784,096 784,384 The historical cost of addilions to fiTeholdpToperty 5iiice the reVaIatIon ill 1997 amounts to £516,609 {2024.' £516,609). The net book value b&sed on the hi3torical cost of additions 15 £278.554 (2024: £288.886). Forperiods bef¢)Te Ibe valEi0 the historical c05tts are At knowll a5 they we ex Jnclled. Buildiw have been included ill the balance sheet at m&ket vdue ot 31st Decanber 1997 plus Improve&llts since then at ¢ost. The value of the land disrevd the valuation in 1997. In accordance with FRS IQ2 the trustees have decided notto revalue the property.
CAMBIUDGE VICTORIA HOMES (CIO) PAGE 11 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025 NOTES TO THE FINANCIAL STATEMENFS INVESTMENTS HELD AS FIXED ASSETS YEAR ENDED 31ST DECEMBER 2025 2025 Land 2025 2025 Total Securities Market Val at 1st January 2025 Additions Disposals Net realised gains Net unttalised ¥diDS Market value at 315tDecember 2025 1.250 721.234 152,120 (88,143) ,368 47,820 834,399 722,484 152.120 (88,143) 1,368 47,820 1.250 835,649 693,790 Co8t at 3 1st December 2025 1.250 692.540 JNVESTTrIENtS HELD AS FIXED ASSETS YEAR ENDED 31 ST DECEMBER 2024 2024 2024 Securitie5 2024 Totsl MaTket value at 1st January 2024 AdditiorL4 Disposals Net realised 8Eins Net uDr¢alised gal5 Market value at 315t December 2024 1250 675,920 64,082 (42,607) 1,409 22,430 677,170 64,082 (42,607) 1,409 22,430 1,250 721,234 722,484 622,754 Cost at 315t De(ber 2024 1.250 621,504 All inye51llTrts are cattied at tb¢ir fair value. Investn)ents in equytie5 arLd fixed ittt¢Test s¢curities are All traded ill quoted public mark¢ts. Holdings in unit trus1& opEn eDded invested cornpanies and hedge fun(ts Jre valued at bid or published net asset value model prices. The basis of kn values is the Dmrket Vdlue. The Charity nge5 invesnnents and a8so¢iated iDvestm¢nt Tisks by usitig Cbarles Stanley & Co Limited as investswit ll2atwrs. Thoy bav¢ di5CtIon as to the investent approaeh chosen bd on a lljediunbqow risk with balallced objKtive5. The Cbarity relies on its investtnents to prTrJuGe regular incojne alld capital Oth wntillgency in e of n¢¢ess and costly building works of its properties. The ttwtC believe the med]utlOW risk alld balanced approach provides sufficient liquidity ad s¢curity of fidS to enable this. Jnvestsnents held within 1h¢ portfolio that exeeed 5% of the totsl value are Vauguard Funds (5.120/) (2024.. 5.47 /o). No other investments comprise 5Yo or n]ore of the pofifolio. DEB TORS 2025 Due within ooe 2024 Due within year Prepayinents and accrued illcom¢ 2.704 2.218 CREDITORS 2025 Due Mqthin one year 2024 Due within one year Accruals and deferred tncwlle 16.526 14,903
CLMBIUDGE vicfoRIA HOMES (CIO) PAGE 12 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER2025 NOTFS TO THE FtNANCIAL STAYEMENTS MOVEMENT fN RESTRICTED FLfNDS YEAR ENDED 31ST DECEMBER 2025 R Alsop PY4vilion Tota] 2025 Balanc¢ at lllJalluory 2025 Income 8.061 151 10,269 192 18,330 343 Balance at 3 1st DecemTrr 2025 8,212 10,461 18,673 R Alsop Leg8Cy Pavilio Fund Total 2U24 YEAR ENDED 31ST DECEMBER 2024 Ba]allce at IstJanuary 2024 Income ExpelldittC Balance 3 Igt December 2024 7,892 169 11,589 248 (1,568) 10,269 19,481 417 (1,568) 18,330 8,061 R Alsop OBE left a lega¢yto th¢ clty, to be used specifLcally to provide an a]]Dual diDIr for the residents, staff and eon]mittee. £10,000 wa5 received fro th¢ estate of Sir Arthur Marsl)aU towdnls the developrDent orth¢ Pavilion. io. Balance st 31st December 2025 YEAR ENDED 3 1ST DECEMBER 2025 151 January 2025 Expendib]Te, gaitis alld losses Income Tr8nsftrs Revaluation Re5¢rY¢ Gelleral Funds 495.210 1.513,160 (21J31) 16,531 5.0 473,679 1,585,297 5,000 I62.51 {l(kS.991) 2.008.370 162597 (106,991) 2,063,976 Balau¢o at 31st December 2024 YEAR ENDED 31ST DECEMBER 2024 Isr JaDuary 2024 gaw and Income losses Transfers 516.741 1.442.457 (21,53 11 21,531 495,210 1,513,160 2,008,370 General Fuu 150,980 (101.808) (101.808) 1.959.198 150,980 ¢ trallsf¢r of £21:531 fil) the revth&ionrs¢rve to g¢neTal fid5 repres¢Dts depre(iatioll illclud¢d the of Finallcial Activities as an exw on the revalued freeknld buildings. ANALYSIS OF FLfNDS UDr¢stricted R¢striied 2025 2025 Totsl Ullrrstrithd RcWiCted 2025 2024 2024 2024 Taogible fixed ets Investments Net current wets 752,907 835.649 475,420 752,907 835,649 494,093 784,384 722.484 501,502 784,384 722,484 519,832 18.673 18,330 2,063.976 18.673 2.082.649 2.008,370 18,330 2,026,700
CAMBRIDGE VICTORIA HOMES (CIO) PAGB 13 FINANCIAL STATEMENfs FOR THE YEAR ENDED 31ST DECEMBER 2025 NOTES TO THE FANCIAL STATEMENTS 12. TRUSTEES TRANSAcfioNS No expenses were reinthursed to the trthstees during the year and the all give their time and ¢XE*rtise without any forn of remuDeratioTA. l3. RELTED PARTIES The sister of A R Blake, a trustee, ts elltployEd by the f(5r Secret sttvices. She receiv¢d remun¢ratÈon at similar level to pr¢d¢c¢sSQT and this 15 detern]iT by truste w5th no involvement of A R Blake. 14. RECONCIt.]ATtON OF NET MOVEMEW tN' FUNDS TO NET CASH FLOW FROM OPERATING ACTIWTIES 2025 2024 Net movernclrt iti fi]t Addbxk depreciation charge Deduct investment Shov in inThting aclivili¢5 Deduct gain5 on itivestnwits Incre in debtors 55.949 32,376 (43.8161 (49,1881 (486) 1.623 48,021 32,150 (38,5191 (23.8391 11321 10,425 N¢t ¢&8h (usal inyprovided by owing activtties (3,5421 28,106