REGISTERED CHARITY NUMBER: 1180867
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
FOR
CHELTENHAM ALMSHOUSES & AID CIO
CHELTENHAM
ALMSHOUSES &AID

CHELTENHAM ALMSHOUSES & AID CIO
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Pagè
Rèlerence and Administratlve Details
Report of the Trustees
Report of the Independent Auditors
Statement of Financial Activities
Statement of Financlal Poslllon
Notes to the Financial SlalementS
io to 16
Detailed Slalement of Financlal AclivS1ies
17

CHELTENHAM ALMSHOUSES & AID CIO
REFERENCE AND ADMINISTRATIVE DETAIL5
FOR THE YEAR ENDED 31 DECEMBER 2023
TRUSTEES
Mrs V M O'connor
Mrs J M Allison
Mrs M Jones
Mrs H M Langford
Mrs M B Mears
M G Wylie
Mrs A FDden lappoinled 25.6.2I1
8 Lane lappoinled 25.6.241
T Yap lappoinled 25.6.241
PRINCIPAL ADDRESS
6 Sl George's Street
Chellenham
Glouce51ershire
GL50 4AF
REGISTERED CHARITY NUMBER 1180867
AUDITORS
BK Plus Audit Limited (Statutory Audilorl
6 Manpr Park Business Centre
Mackenzie Way
Chellenham
Gloucestershire
GL519TX
Page

CHELTENHAM ALMSHOUSES & AID CIO
REPDRT QFTHETRUSTEE5
FOR THEYEAR ENDED 310ECEMBER 2023
The Iruslees presonl their report with the financial slalemen15 of the charity lor the year ended
31 December 2023. The trustees have adopted the provisions ol Accounting and Reporting by Charities.,
Slalemenl of Recommended Pra¢li¢e applicable lo charities preparing their accounts in accordance with
the Flnancial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 lelfeclive l January
20191.
OBJECTIVES AND ACTIVITIES
Obje¢lives and aims
The Dbjecls Df the CIO are, for the public benelil..
I la)
the provision, maintenance and repalr ol almshouses In Chellenham for people who ar& in need
or e%periencing ill-heallh, inlirmily, hardship or distress, including by reason of age.,
such charitable purpose5 for the benefit of the residents ol the almshouses as the trusteès
dÈcide',
the relief ol poverty and the relief of persons who are in need by reasori of youth, age,
ill-heallh, disability or financial hardship by..
lal making grants ot money to them; or
Ibl providing or paying for goDds, services or facilitie5 lor them., Dr
Icl making grants of money to other persons or bodies who provide goods. services or facilities
lo those in need.
Slynilicant activities
The CIO provldes accommodation for elderly residents in almshouse accommodalion in several locations in
Chellenham. Glouceslershire.
Publi¢ benefll
In planning the CIO'S activities for the year. the Iruslees kept in mind the Charity Cornmission's guidance on
public benefit. The focus Df the CIO'S activities during the year, which explains the delivery by the CIO ol
public benelil. is sel DUI in this report in the sections above on 'Objeclives and Aims. and below on
'A¢hievemenl and Performance,.
The CIO provides almshouse accommodation lo residènts who have mel the qualifying criteria. Residents
only need pay a small contribution lo the upkeep of the prpperly and the running of the charity. so the cost
lo them is siunificanlly Icwer than the cost ol renting in the privaté sector. The CIO also gives out grants lo
people and other Drganisalions.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The organisalion Manages four Almshouse silos across Chellenham with 39 residènts overall, and has an
dminislralive olfite near the centre ol the town. The four siles are Jesse Mary Chambers, Sunsel Homes,
Hays Collage5 and Caroline Slrickland. 11 employs two parl lime stall, a clerk and an adminislralion
assistant lo manage the day lo day running of the organisalion. 11 is governed by a board ol Iruslees who
meet on a monthly basis.
There have only been Iwo vacancies this yèar due to two residènts moving lo care homes.
After
refurbishment ol both flats these vacancies were then filled by applicants from the waiting list. It is good lo
report, Ihough, that al the end of the year there are no vacancies and a small waitlisl.
Page 2

CHELTENHAM ALMSHOUSES & AID CIO
REPORT OFTHE TRUSTEES
FOR THEYEAR ENDED 31 DECEMBER 2023
ACHIEVEMENT AND PERFORMANCE- contlnued
Charitable aclivllles continued
The Almshouses have suffered no major external or internal structural problems, thus no major
devÈlopmenla needed lo be carried out on any ol the properties. The board of Iruslee5 have discussed the
possible need for a lull external slruclural report on 3 Carlton Streei due to age ol property, this lo be
carried oijl in 2024.
The organisalion believes wilh two excellent and hard-working members of staff, il has four excèllent wÈll
managed sets DI Almshous&s. Slafl visit the siles regularly, are well known and liked by residpnls.
Trustees continue lo visit all sitès bi-monthly, such visits are extremely welcomed by residents and they
enable Iruslees lo identify and resolve any disagreements belween residents, thus enhancing feelings of
peace, security and well-being al the Almshouse sites.
FINANCIAL REVIEW
Investment policy and objectives
The Clo hold5 income shares in COIF Investment Fund units ancl Blackrock UK charity funds. In addition, 11
mainlaiiis some ol ils cash re5erve5 in COIF Deposit Funds. The CIO'S day-lo-day needs are lo have
shtsrl-lerm fund5 readily available., investment in additional shares is made only when il is considered
prudent by the Iruslees lo do so.
Reserves policy
The Iruslee5 aim to maintain General Funds at a level that will allow the CIO to lunction in a normal way in
the event that incomè streams fail or operating costs rise sharply. They aim also lo maintain General
Funds that will enable them lo develop and maintain the almshouse properties lor which the CIO is
responsible.
In addilion, the CIO has designated reserves lor Cyclical Maintenance and Extraordinary Rep3irs lo which
annual transfers are made in line wilh allowances retommended by the Almshouse Association.
Revaluation reserve5 arise as housing propÈrlies and fixèd assel investments are recognised at fair value
in line with good accounting pra¢li¢e for assets Lif this nature.
FUTURE PLANS
The charity has reduced the Charity Bank loan considerably during the year to 31 December 2023 and is
continuing lo review ils loans and investments with a view la enhancing th8 linancial basis.
There has been much discLE55ion over the cost of keeping adminislrative oflices, as thèy are now little
visited by residenls, who prefer to email or telephone staff, ralher than come into the office as has
Iradilionally been dene in the past. Tru51ees are therefore strongly considering thè sale 016 Sl GeDrges
Street and expect lo make a final decision in 2024. A cosllbenelil analysis will bè prDduced lor the varitsus
options.
Once this decision has bèèn made, il could thÈn possibly free-up further funds with the sale of the offic&,
for development of land behind Hay5 collages for potential new Almshouses.
This activity will require
very careful planning and costing.
The Iruslees have agreed that in 2024 they will begin the process ol interviewing and hopefully appointing
suitably qvalilied new Iru51ees lo the board, lo enhance lulure development plans and lake the rharily
lorward over the coming years.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charily is conlrollÈd by ils governing document and is consliluled as a foundation CIO (Charilable
Incorporated Organisalionl. 11 was first registered with the Charlly Commission on 27 November 2018.
Paue 3

CHELTENHAM ALMSHOUSES & AID CIO
REPORTOFTHETRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
STRUCTURE, GOVERNANCE AND MANAGEME
Dècision making
The CIO is managed by a vol(tnl8ry board ol Iruslees, which meets most months at ils offi¢e5 in Sl. George's
Street, Chellenham.
Risk managamenl
The Iruslees have a duly lo identify and review the risks lo which the charity is exposed and to ensure
appropriate controls are in place lo provide reasonable assurance against fraud and error.
STATEMENT OFTRUSTEEY RESPONSIBILITIES
The Iruslees are responsible for prÈparing the Rèporl ol the Trustees and Ihe financial 51alemenls in
accordance with applicable law United Kingdom Attoltnting Standards (United Kingdam Generally
Accepted Accovnling Practice).
The law applicable to charities in England and Wale5, the Charities Act 2011, Charity (Accounts and Reporlsl
Regulations 2008 and the provisions of the Irusl deed require5 the Iruslees to prepare financial slalemenls
for each financial year which give a Irve and lair view of the stèlè of affairs ol the charity and ol the
incoming resources and application of resources, including the intome and pxpendilure, of Ihe charily for
that period. In preparing thosè financial slalèmènts, the trustees are required to
select suitable accounting policies and then apply them ¢onsislently.
observe the methods and principle5 in the Charily SORP.,
make judgements and estimalos that are reasonable and prudenl,.
prepare the financial slalemenls on the going eoncèrn basis Ltnless il is inappropriate to prèsume that
the charity will continue in business.
The Irusleès arè responsible ftsr kèeping proper accounling record5 which disclgse wilh reasonable
atcuraty al any lime the financial position of the charily and lo enable them lo en5ufE Ihal the financial
slalemenls comply with the Charilies Act 2011. the Charity (Accaunls &nd Reports) Regulations 2008 and the
provisions ol the trust deed. They are also respDnsibl¢ for safeguarding Ihe assets ol the charity and hence
for taking reasonable steps for thè prèvènlion and deteclion of Iravd and other irregul3rili£s.
Approved by order of the board of Iru5teÈs on
Mrs V M O'ConThor- Tru51ep
Page 4

REPORT OFTHE INDEPENDENT AUDITORS TO THE TRUSTEES OF
CHELTENHAM ALMSHOUSES & AID CIO
Opinlon
We have audited the financial statements ol Cheltènham Almshouses & Aid CIO Ilhe 'charilVI lor tho year
ended 31 December 2023 which comprise the Slatèmenl ol Financial Aclivilies, the Slalemenl of Financial
Position and notes lo the financial slalemenls, including a summary ol significant accounting policies. The
financial reporting framewark that has been applied in their preparation is applicable law and United
Kingdom Accounting Standards (United Kingdom Generally A¢¢epled Accounting Praclicel.
In our opinion the financial slalemenl5'.
give a true and lair view of Ihe $131e ol the charity's affairs as at 31 Dpcember 2023 and of it5 Incoming
resources and application of resources, for the year then endèd.,
have been propèrly prepared in a¢¢ordan¢e with United Kingdom Genprally A¢¢epted ArcDunling
Practice., and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We condLfcled our audit in accordance with IntèrnèliDnal Slandards on Atsdiling IUKI IISAS {UKII and
applicable law. Our responsibilities undèr Ihose standard5 are further described in the Auditors,
re5ponsibililies lor the audil of the financial slalements sèction ol our report. We are independent of the
charity in accordance with the ethical requirempnls that are relevant lo our audit of the financial
slalemenls ill the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements, We b&lieve that the audit evidence we have
obtained is sufliclenl and appropriate lo provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial 51alemenls, we have concluded that thè Iruslees, USÈ of the going Concern basis of
accounting in the pr8paralion ot the linancial statements is appropriate.
Based on the work we have perlDrmed. we have not identified any material uncerlainlies relating lo events
ar conditions that, individually or collec11vely, may cast slgnilicant doubt on the charity's ability lo conlinue
as a going concern lor a period of al least twelve months from when the financial slalements are
aulhorised lar issue.
Our responsibilities and the responsibilities ol the trustees with respect lo gDing concern are described in
the relevant sections of this roporl.
An overvlew of the scope of our audit
Opening balances and comparative figures
As the charity exceeded the threshold for audit for the first lime this yèar, the opening balances and
comparative figure5 were not subject lo audit procedures. However, we had carried out an indep?ndenl
examination ol the financial 51alemenls lo 31 December 2021.
Other informallon
The trustees are responsible lor the other information. The other information comprises the information
included in the Annual Report, other than the flnancial 51alements and our Report DI Ihp Independent
Audilors thereDn.
Our opinion on Ihp firianrial 51alemen15 doe5 nat cov&r the other information and. except Eo ihe èxlenl
otherwise explicitly slated in our rèport, we do not èxpress any form of assurance conclusion Ihereon.
In connection with our audil ol the financial slalements, our responsibilily is lo read th2 Dlher information
nd, in dDing so. consider whether the other information is materially incansislenl with the financial
slatements or our knowledge obtained itt the audit or olherwise appèars lo be materially misstated. 11 we
identify such material inconsistencies or apparent Material misslalemenls, we are required lo determine
whether this gives rise lo a material misslalemenl in the financial slalemenls themselve5. If, based on the
work we have performed, we conclude Ihal there 15 a material misslalemènt ol this other information, we
are rgquired to report that lacl. We have nothing lo report ir) this regard.
Page 5

REPORTOFTHE INDEPENDENT AUDITORS TO THE TRUSTEES OF
CHELTENHAM ALMSHOUSES & AID CIO
Matter5 on which we are required lo report by ExceptlDn
We have holhihg lo report in respect ol the following maller5 where the Charities (Accounts and Reports)
Regulation5 2008 requires us lo report ID you if, in our opinion..
thè information given in the Report ot the Trustees is inconsislenl in any material respect with the
financial slalemenls., or
sullicient accounting records have not been kept., or
the financial slalemenls are not in agreemenl wilh the accoynling records and returns., or
we have not received all Ihe inlormalion and explanations we require for our aucsil.
Responsibilitiès of Irusleès
As explained more fully in the Slalemernl of Truslges, Responsibili112s, Ihe trustees are responsible lor the
preparation ol the financial slalemenls which give a true and fair view, and lor such internal control as the
Iruslees delermlne Ss nece55ary lo enable the preparation ol Ilnancial slalemenls that are free Irom
material misslalemenl, whether due lo fraud or error.
In preparing the linancial stalemenls. the trustees are responsible IDr assessing the charity's abilily lo
continue as a going concern, disclosing. as applicable, maller5 related lo going concern and using the going
£cncern basis ol accounting unles5 the Iruslee5 either intend lo liquidate the charity or lo cease
operations, or have no realistic alternative bul lo do so.
Our re5pansSbllllies for the audit DI the finanilal statements
We have beén appDinlèd 3£ auditors under Secliott 144 01 the Charities Act 20113nd report in accordahce
wilh the Act and relevant regulaliun5 made or having elfecl Ihereunder.
Our otijeclives are lo obtain reasonable assurance about whether the financial slalemenls as a whole are
free from malerial misslatemenl, whether due Eo fraud or error, and ID issue 3 Report of the Auditor that
includes our opinion. Reasonable assurance is a high level ol assurance, bul il is not a guarantee that an
audit conducted in accordance with ISAS IUKI will always detect a material misstatement when il exists.
Misslalemonls can arise from fraud or error and are considered material if, individually or in th9 aggregate,
they could reasonably be expected lo influence the economic decisions ol users taken on the basis of these
financial 51alemenl5.
Owing lo the inherent Ilmilalions of an audit, there Is an unavoidable rlsk that, despite us planning and
performing our audit in accordance with auditing standards, one or more material misslalemenls in the
financial slalemenls may have gone undelecled by our 3udll. As with any audit. there is a risk that
irregularities and fraud will gD undelecled where they involve mallers such as misrEpre5enlations from
niah3gemènt, collusiDn, deliberate omissions and override of controls. It is rtot the role ol the auditor lo
prevent non-compliance and we cannot be expected lo detect every instance of non-compliance with all
laws and regulations.
In id&nlilying and assessing risks ol material misslalemenl in respocl of irrègularitiès, including Iraud and
non-compliance with laws and regulations, our proceclures includèd the lollowing..
enquiries ol management including a pre audit meeting.,
obtaining and reviewing supporting documentation of policies concerning the laws and regEalalions
applicable to the business-,
understanding how the company complies wilh ils regulatory framework by making enquiries of
management ',
considering the culture inherent in the company and whether thi5 represents a culture of hone51y
and ethical behaviour with a strong emphasis ol detection and prevention of fraud.
Page 6

REPORT OFTHE INDEPENDENT AUDITORS TO THE TRUSTEES OF
CHELTENHAM ALMSHOUSES & AID CIO
Auditors, responsibilllies for the audit of the financial statements continuèd
We assessed the susceplibilily ol the charity's financial slalemenls la material misslalement and
considered how fraud might occur. The audit procedures performed included, bul wpre not limit£d lo-.
challenging management assumplions and estimates.,
idenlilying and lesling unusual journal entries.,
assessing how the relevant laws and regulations have been complied with and noting any instances
of non complianco.,
reviewing the finhnciol slalemenls for compliance with relevant Accounlirbg Standard5 and
accounting legislation applicable lo a small company.
considering how those charged with governance have addre55ed th2 p055ibilily ol an override ol
essential controls or other influence over the financial reporting processes.
In addlllon, we also considered other non financial laws relevant to the charity. These do not necessarily
have a direct influence on the financial statements bul might allecl the charity's ability to opérate.
A further description of our respDnsibililies for the audit ol the financial slatemgnls is located on IhÈ
Financial Reporlinp Council's website at www.frc.org.uklaudilorsresponsibililies. This description forms
parl ol our Report ol the Independent Audilcrs.
Use of our report
This reporl is made solely lu the charity's Iruslees. as a body, in accordance with Parl 4 of the Charities
IAccounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might slate to
the charity's Iruslees Ih05e mallers we are required lo slate lo them in an auditors, report and lor no other
purpose. To Ihe fullest extBnt permitlÈd by law, we do not accept or assume responsibility lo anyone other
than th& charity and the ¢harily's Iruslees as a body, for our audit work, for this report, or for the opinions
we have formed.
BK Plus Audit Limited (Slalulory Auditor)
6 Manor Park Business Centre
Mackenzie Way
Chellenham
Glouceslershlre
GL519TX
15 Augus12024
Page 7

CHELTENHAM ALMSHOUSES & AID CIO
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
31,12.23
Unre51ricted
funds
31.12.22
Total
funds
Notes
INCOME AND ENDOWMENTS FROM
Investment income
293,217
274,478
EXPENDITURE ON
Charitable aclivilie5
Almshouse provision
262,890
275,121
NEf INCOMEIIEXPENDITUREJ
Olher recoghised gainslllos$esl
G8ins11105spsI on revaluation ol fixed
ssels
30,327
1643)
24,392
145,2621
Nel movempnl in funds
54.719
145,9051
RECONCILIATION OF FUNDS
Total funds brought forward
4,B5&,342
4,900,247
TOTAL FUNDS CARRIED FORWARD
4,909,061
4,854,342
The notes form part ol these financial slalemenls
Page 8

CHELTENHAM ALMSHOUSES & AID CIO
STATEMENTOF FINANCIAL posmoN
31 DECEMBER 2023
31.12.23
31.12.22
Total
funds
Unrestrictèd
funds
Notes
FIXED AssErs
Tangible assets
Investments
4.492,173
327,356
4,599,406
302,964
10
4,819,529
4,902,370
CURRENT AssErs
Oebtors
Cash al bank and in hand
3,753
182,793
11,291
216,132
186.546
227,423
CREDITORS
Amounts falling due within one year
12
123,9991
122.0211
NEf CURRENT ASSETS
162,547
205,402
TOTAL ASSEfs LESS CURRENT LIABILMES
4,982,076
5,107,772
CREDITORS
Amounts falling due aller more than onè
year
13
173,0151
1253,4301
N￿A55￿5
4,909.061
4,854,342
FUNDS
Unrèstricted funds..
General fund
Inve51menl revaluation reserve
Propèrty revalu3tion rèsèrvè
Designated fund - cyclical maintenance
Designated fund - extraordinary repairs
15
1,530,368
244,217
3.075.989
35,304
23.183
1,411,966
219,825
3,177.820
28,426
16,305
&,909,061
4,854.342
TOTAL FUNOS
,909,061
&,854,342
The financial tatemenls wer9 approved by the Board of Trustees and authorised lor issuè on
2*.. and were signed on its behalf by..
stee
The notes form parl of these financial statements
Page 9

CHELTENHAM ALMSHOUSES & AID CIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THEYEAR ENDED 31 DECEMBER 2023
ACCOUNTING POLICIES
Basis of preparing Ihe financial slatgmenls
The financial slatemènls ol the charity. which is a public benefit enlily under FRS 102. have beon
prepared in accordance with th& Charities SORP IFRS 1021 'Accounling and Reporting by Charities..
Slalemenl of Recommended Practice applicable lo charities preparing thèir accounts in accordance
with the Financial Reporting Standard applicable in thè UK and REpublic Df Ireland (FR5 1021
lefleclive l January 2019),, Financial Reporting Standard 102 The FinJn¢ial Reporting Standard
applicable in Ihe UK and Republic ol Ireland, and the Charities Acl 2011. Thp financial slalemenls have
been prepared under the historical r05t convention, with the exception of investments which are
included at market value, as modified by the revaluation ol certain assets.
Income
All income is recognised in the Slalemenl ol Finan¢lal Acllvilies once the charity has enlilleinenl lo
the funds, il Is probable that the income will be received and the amount can be measurèd reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or conslruclive obligatiot)
commilling the charity to that expenditure and the amounl of the obligation can be measured
reliably. Expenditure Is accounted for on an accruals basis, inclusive of irrecoverable VAT.
Grants offered subjecl Its tondilions which have not bpen mel al the year end dale are noted as a
commitment bul not accrued as expenditure.
Tangihle tixed assèts
Housing properties are shown al 'deemeEI cost, under the provisions lo SORP FRS102. Depreciation
is charged on a slraighl line basis over 50 years commencing on 1 January 2016.
Any expenditure on equipment or liltings is wrillen off in the year in which il is incurred.
Taxation
The ch3rily is exempl from corporation tax on its charitable aclivilies. It is not, however, exempl
from Value Added Tax (VAn and irrecoverable VAT is included in Ihe cost ol those items lo which it
rèlatgs.
Pension cosls and other p051-relirement benelits
The chèrily operates a dèfined Contribution pension scheme. Contributions payable lo the charity's
pension scheme arp ¢harged lo the Slalemenl of Financial Aclivilies in Ihe period lo which they
relate.
INVESTMENT INCOME
31.12.23
31.12.22
Ren15 received
Interest received
Dividends received
280,809
8,919
3,489
261,722
6.559
6,197
293.217
274,&78
Rents received are net ol voids lolalling £3.97512022'. £8,085).
Page 10
conlinued...

CHELTENHAM ALMSHOUSES & AID CIO
NOTES TOTHE FINANCIAL STATEMENTS- continued
FOR THEYEAR ENDED 31 DECEMBER 2023
CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities
(see note
Direcl
Costs (see
note 41
Support
CDsls15ee
note 61
51
Totals
Almshouse provision
252,819
1,229
8,842
262,890
DIRECT COSTS OF CHARITABLE ACTIVITIES
31.12.23
31.12.22
Slafl casts
Cleaning
Insurance
Light and heat
Rates and water
Gardening
Property repairs
Telephone, brDadband & IT
Slalionery and consumables
Sub5criplion5
Sundry expense5
Bank charges
Depreciation
Interest payable and simllar charges
27,450
3.214
6.770
33.590
11.417
8.207
38,500
2.295
263
333
240
182
107,233
13,125
25,815
3,745
6,599
33,703
11,263
8,236
53,189
2,589
92
180
69
107,232
17,356
252,819
270,068
GRANTS PAYABLE
31.12.23
31.12.22
Almshouse provision
1,229
949
The lolal grants paid lo inslilulions during the year was as
follows..
31,12.23
31.12.22
NHS Trust
1,229
949
Page 11
continued..

CHELTENHAM ALMSHOUSES & AID CIO
NOTES TOTHE FINANCIAL STATEMENTS- conllnued
FOR THEYEAR ENDED 31 DECEMBER 2023
SUPPORT COSTS
Governance
costs
Almshouse provision
8.842
Support costs, included in the abDve, arp as follgws..
31.12.23
Almshouse
provision
31.12.22
Total
Auditor's fees
Other professional fees
6,042
2.800
3,795
309
8,842
4,104
TRUSTEES. REMUNERATION AND BENEFITS
There were no Iruslees, remuneration or Dther benefits lor the year ended 31 December 2023 nor for
the year ended 31 December 2022.
Trustees, expensès
There were no Iruslees, expenses paid for Ihe year ended 31 December 2023 nor for the year ended
31 Dècember 2022.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
All of the movements in the Slalemenl of Flnanclal Aclivily comparalives relate lo unreslri¢led
funds.
TANGIBLE FIXED ASSErs
Freehold
properly
COST
Al 1 January 2023 and
31 December 2023
5,2B6,979
DEPRECIATION
Ai 1 January 2023
Charge lor year
687,573
107,233
At 31 December 2023
7914,806
NET BOOK VALUE
Al 31 December 2023
4.492,173
Al 31 December 2022
4,599,406
Page 12
continued...

CHELTENHAM ALMSHOUSES & AID CIO
NOTES TO THE FINANCIAL STATEMENTS- Continued
FOR THE YEAR ENDED 31 DECEMBER 2023
10.
FIXED ASSET INVESTMENTS
Unlisted
investments
MARKETVALUE
Al l January 2023
Revalualiuns
302,964
24,392
Al 31 De¢embpr 2023
327,356
NET BOOK VALUE
Al 31 December 2D23
327,356
At 31 December 2D22
302.964
There were no ittve51menl assets outside the UK,
Cosl or valuation al 31 December 2023 is represented by:
Llnli51ed
investmen15
Valuation in 2020
Valualion in 2021
Valuation in 2022
Valuation in 2023
Cost
17,364
32,084
145,2621
24,392
298.778
327,356
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23
31.12.22
Other debtors
Prepaymenls
301
3,452
9,253
2,038
3,753
11,291
Page 13
continued..

CHELTENHAM ALMSHOUSES & AID CIO
NOTES TO THE FINANCIAL STATEMENTS- conllnued
FOR THEYEAR ENDED 31 DECEMBER 2023
12.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23
31.12.22
Other loans (see note 141
Trade creditors
Other creditors
Accrued expenses
9,000
860
1.270
12,869
9,000
449
101
12.471
23.999
22.021
13.
CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR
31.12.23
31.12.22
Other loans15ee note 141
73,015
253,430
14.
LOANS
An onalysis of the malurily of loan5 is given below-.
31.12.23
31.12.22
Amounts falling due within one year on demand..
Charity 8ank loan
9,OOQ
9,000
Amounts falling between one and two yearg-
Charity Bank loan
9,000
9,000
Amaun15 lalling due between two and five years..
Charity Bank loah
27,000
27,000
Amounts falling due in more than live years=
Repayable by inslalmenls:
Charity Bank loan
37,015
217,430
Th8 loan from Charity Bank is repayablè in monthly inslalmenls over a period of 20 years ending in
April 2038 and carries interest al a managed commercial rate. 11 is secured against one ol the
Association's almshouse propertiés. During the year, the charity repaid a lump sum against the
oulslanding balènce.
An unsecured laan frDm the Almshouse Association, which was intèrest-IrèÈ, wag repayable in
hall-yearly inslalmenls that culminated in the loan being repaid in lull in 2022.
Page 14
continued...

CHELTENHAM ALMSHOUSES & AID CIO
NOTESTO THE FINANCIAL STATEMENTS - Conllnued
FOR THE YEAR ENDED 31 DECEMBER 2023
15.
MOVEMENT IN FUNDS
Nel
Movement
in funds
Transfers
between
funds
Al
31.12.23
Al l.1,23
Unreslricted funds
General fund
Investment revalualian reserve
Properly revaluation reserve
Designated fund - cyclical
maintenance
Designated fund - extraordinary
repairs
1,411,966
219,825
3,177,820
30,327
24,392
88,075
1,530.368
244,217
3,075.989
1101,8311
28,426
6,878
35,304
16,305
6,878
23,183
4,854,342
54,719
4,909,061
TOTAL FUNDS
4,854,342
54,719
4,909,061
Nèt mDvemenl in funds, included in the above are as follows..
Incoming
rèsources
Resources
expended
Gains and
losses
Movement
in funds
Unreslricled funds
General fund
Investment revaluation reserve
293,217
1262,8901
30.327
24.392
24,392
293,217
(262,8901
24.392
54,719
TOTAL FLINDS
293,217
(262,8901
24,392
54,719
Comparalives tor movement in funds
Nel
movement
in funds
Transfers
between
funds
Al
31.12.22
Al l.1,22
Unroslricted funds
General fund
Investment revalualiDn reserve
Properly revaluation reserve
Designated fund - cyclical
maintenance
Designated fund - extraordinary
repairs
,321,436
265,087
3,279,651
16431
145,2621
91.173
1,411,966
219,825
3,177,820
1101,8311
23,097
5,329
28,426
10,976
5,329
16,305
4.900.2A7
115,905)
4,851,342
TOTAL FUNDS
4.900,247
145,905)
4,854,342
Page 15
continued...

CHELTENHAM ALMSHOUSES & AID CIO
NOTES TOTHE FINANCIAL STATEMENTS - contlnued
FOR THEYEAR ENDED 31 DECEMBER 2023
15.
MOVEMENT IN FUhFDS - conlinuÈd
Comparative net mDvement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
Unreslrlctpd funds
General fund
Investment revaluation reserve
274,478
1275,1211
(6431
145.2621
145,2621
274,478
1275,1211
145,2621
145,905)
TOTAL FUNDS
274,478
1275,1211
145,2621
145,9051
The Major Repair Fund represents the balance of grant funding from The Housing Corporation lo
Sunset Home Almshouses by way ol Social Housing Sranl in 20Q3 and 2004, The balance was
released in 2021 following agreement with Homes Englancl.
Transfers between funds
The transfer from the Inveslmenl Revaluation Reserve lo General Funds in the comparative period
rèpresents a release against the loss on disposal ol fixed asset inveslmenls.
The transfer from the Property Revaluation Reserve lo General Funds represents a release against
the depreciation charge on freehold property.
Transfers lo/lrom Designated Funds lor Cyclical M2inlenan¢e and Extraordinary Repairs have
regard lo allowances recommended by The AlmshDuse Association.
16.
RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2023.
Page 16

CHELTENHAM ALMSHOUSES & AID CIO
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THEYEAR ENDED 31 DECEMBER 2023
31.12.23
31.12.22
INCOME AND ENDOWMENTS
Investment income
Rents received
Interest received
Dlvidends received
280,809
8,919
3,489
261,722
6,559
6,197
293,217
274,478
Total incoming resources
293.217
274,478
EXPENDITURE
Charilable activitiès
Slalf salaries
Slalf pensions
Cleaning
Insurance
Light and heal
Rates and water
Gardening
Properly repairs
Telephone, broadband & IT
Slalionery and consumables
Subscripllons
Sundry expense5
Bank charges
PrDperly deprecialiDn
Charity Bank loan interest
Grants to institutions
26.989
461
3.214
6,770
33.590
11,417
8,207
38,500
2,295
263
333
240
182
107.233
13,125
1,229
25,220
595
3,745
6,599
33,703
11,263
8,236
53.189
2,589
92
180
69
107,232
17,356
949
254,048
271,01?
Support costs
Governance costs
Auditor's Ipes
Other prDfessional leès
6,042
2,80fl
3,795
309
8,842
4,104
Total resources expended
262,890
275,121
Nèt incamel{expendllurel
30,327
16431
This page does not form parl of the 51alulory financial statements
Page 17