Chayity reg15tration number 1180867 (England and Wales)
CHELTENHAM ALMSHOUSES & AID CIO
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

CHELTENHAM ALMSHOUSES & AID CIO
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Ms J M Allison
Mr M G Wylie
Mrs M Jones
Mrs H M Langford
Mrs M B Mears
MSAM Fodèn
MrBPLan&
MrCAYYap
(Appointed 25 June 20241
(Appointed 25 JLJn8 20241
(Appointed 25 JLJne 20241
Charlty number (England and Walesl 1180867
Pyincipal address
6 St George's Street
Chellenham
Gloueeslershire
England
GL50 4AF
Audltor
BK Plus Audit Limited
6 Manor Park Busine58 Genlre
Mackenzie Way
Chellenham
Gloucestershire
England
GL51 gTX

CHELTENHAM ALMSHOUSES & AID CIO
CONTENTS
Page
Trustees, report
Independent auditor's report
Slèlemenl DI financial activities
Statement of financial position
Notes to the linancial slalemenls
9-15

CHELTENHAM ALMSHOUSES & AID CIO
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Iruslees present their annual report and financial slalemenls for the year ended 31 December 2024.
The financial slalemenls have been prepared in accordance with the accounting policies sel out in note 1 to the
financial 51alemenls 8nd comply with the Charity's governing do¢umenl, the Charities Act 2011, FRS 102 The
Financial Reporting Standard applicable in th@ UK and Republic of Ireland and the Charities SORP "Accounting
and Reporting by Chafilies.. Statement of Recommended Practice applicable lo charities preparing Iheir accounts in
accordance with the Financial Reportlng Standard applicable in the UK and Republic of Ireland IFRS 102)"
ObJÈetlves and actlvltles
The objects of the CIO are, for the publlc benefit..
1 lal the provision, maintenance and repair of almshouse5 in Chellenham for people who ale in need c>r
experiencing ill-heallh, infirmity, hardship or distress, including by reason of age.,
1 Ibl such charitable PUTposes for the benefit of the iesidenls ol the almshouses as the IIu51ees d￿lde.,
2 the rèlief ol poverty and the r&lief of pexsons who are in need by reason of youth. age, ill-heallh, disability or
financial hardship by..
lal maklng grants of money to them., or
Ibl providing or paying for goods, services or facilities for them., or
Icl making grants of money lo other persons or bodies who provide goods, services or facilities to those in need.
Significant actÉvitie5
The CIO provides accommodation for elderly residents in 81mshouse ac¢ommod81ion in sever81 locations in
Cheltenham, Glouceslershire.
Publlc beneflt
In planning the CIO'S activities for the yeaT, the Iruslee5 kept in mind the Charity Commission's guidance on public
benefit. The focus ot the CIO'8 activities during the year, which explains the delivery by the CIO of public benefit, is
sel out in this report in the sections above on 'ObjeGtives and aclivilies, and b&low on 'Achievemenl and
Performance,.
Th& CIO provides almshouse accommodation lo residents who have mel the qualitying criteria. Residents only need
pay a Contribution lo the upkeep ol the property and the running of the charity, so the cost lo them is significantly
lower than the cost of renting a similar property in the private sector. The CIO also gives out grants lo people and
other organisalions.
Chairperson statement
11 gives me great pleasure lo write my Iirsl annual report as Chair of the Chellenham Almshouses and Aid CIO. Our
previDUS Chair, Val O'connor, retired during the year after many years 01 setvice lo the charity and I thank her for all
her years of dedication. Under her leadership the charity made huge progress and I recognise th21 I have very big
shoes to fill.

CHELTENHAM ALMSHOUSES & AID CIO
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
A¢hievement$ and pèrformance
Charltablè actlvities
The financial year to 31 December 2024 for the organisallon was encouraglng with healthy bank and investments
balances being built. The chaiity had the financial reseTves lo clear the oulslanding Charity Bank loan, saving the
charity monthly interest payments.
Vacancies during the year were minimal and well below the 1 00/0 vacancy rale that is budgeted. Sadly a number of
residents passed away during the year but ne¥v residents h8ve sellled well and are happy with accommodation.
Quinquennial inspections were carried out on three properties together with an external SUTvey ol Carlton Slreel.
Remedial work identified will be carried out during 2025.
Two apartments at Jesse Mary Chambers had new kitchens installed.
No report can be complete wilhoijl menlic)n of the Trustees, all of whom are volunteers and who give up their lime
regularly visiting all residenls. They are the ones who have lo make difficult decisior)s and govern wisely. During
2024 we were very pleased lo welcome three new Trustees lo our Board and, viith the additional skills and.
expertise that they bring. they are already making a subslanlial impact on our decision making. The Trustees
ongoing support and Iriendship makes the task of chairing the charity so much easier.
Our grateful thanks go lo our two employe8s, Calh and Sue, who IoDk after our residents and our properties so well.
They both go above and beyond the call of duly lo ensure our residents are kept happy and safe.
I can report that Ghellenham Almshouses and Aid is in good shape. All our almshouses are well fflainlained. their
gardens well managed and, most importantly, our residents are happy.
Flnanclal revlew
Investment pollcy and objectives
The CIO holds income shares in COIF Investment Fund units and Blackrock UK charity funds. In addition, il
maintains some of ils cash reserve6 in COIF Deposit Funds. The CIO'S day-lo-day needs are lo have short-lerm
funds readily available., investment in addition81 $h8res is made only when it is considered prudent by the trustees lo
do so.
Ro$orvo5 policy
The trustees aim lo maintain General Funds al a level that will allow the GIO lo function in a normal way in the event
that in¢ome slreèms fail or operating costs rise sharply. They aim also lo maintain General FLJnds that will enable
them lo develop and maintain the almshouse properties lor which the CIO is responsible.
In addition, the CIO has designated reserves lor Cyclical Maintenance and Exlrsordinary Repairs to which annual
transfers are m8de in line with allowances recommended by the Alrnshouse Association.
Revaluation resetves arise as housing properties and fixed asset inveslmenls are recognised al fgir value in line
with good a¢¢ounling practic& lor assets of this nature.
Future plans
In the coming year il is our intention lo dispose ol our oflice in Chellenham as we no longer need that facility. The
proceeds of the sale will be used lo further enhance Ihe work of the charity.
structurej governance and management
Governing document
The charity is controlled by ils gov&rnlng document and is consliluled as a foundation CIO (Charitable Incorporaled
Organisalionl. 11 was first registered with the Charity Commission on 27 November 2018.
Doclslon maklng
The CIO is managed by a voluntary board of Iruslees, which meets most months.
Risk m•na9oment
The Iruslees have a duly lo identify and review the risk5 to which the charity is exposed and lo ensure appropriate
controls are in place lo provide reasonable assurance against fiAud and error,

CHELTENHAM ALMSHOUSES & AID CIO
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
statement of trustees. r•sponslbSlltles
The Iruslees are responsible for preparing the Report of the Trustees and the financial statements in accordance
with applicable law and Llniled Kingdom Accounting SlandBrds (United Kingdom Generally Accepted A¢wunling
Praclicel,
The law applicable lo charities in England and Wales, the Charities Act 2011, Charity IAc¢ounls and Reports)
Regulations 2008 and the provisions of the trust deed requires the trustees to p¥ep2re financial slalemenls for each
financial year which give a true and fair view ol the slate of affairs of the charity and of the incoming resources and
application of resources, including the income and expenditure, ol the charity for that period. In proparing those
financial slalements, thé Irusle8s arè required to
select suitable accounting policies and then apply them ¢onsiElenlly",
observe the methods and principles in the Charity SORP.,
make judgements and eslimales that are reasonable 2nd prudent..
prepare the financial slalemenls on the going concern basis unless il is inappropriate lo presumi
charity will continue in business.
The Iruslees aTe responsible for keeping proper accounting records which disclose with reasonable accuracy al any
lime the financial position of the charity and lo enable them lo ensure that the financial slalements comply with the
Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They
are alscl responsible for safeguarding the assets of the charity and hence for taking reasonable Steps for the
prevention and detection of fraud and other irregularities.
The Iruslees. report was approved by the Board of Trustees.
MrMGW
11 Jun
025

CHELTENHAM ALMSHOUSES & AID CIO
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF CHELTENHAM ALMSHOUSES & AID CIO
Opinion
We have audited the financial slalemenls of CheSlenham Almshouses & Aid CIO Ilhe 'charily'l for the year ended 31
December 2024 whiGh comprise Ihe slalemenl of financial aclivilies. the slalemenl of financial position and notes lo
the financial slalemenls, including significant accounting policies. The fi'nancial reporting framework that has been
applied in Iheii preparation is applicable law and Unitèd Kingdom Accounlino Standards, including Financial
Reporting Standard 102 The Finan¢Jal Reporting StanLlard applicgble in lh8 UK 3nd RepublK of Ireland Iuniled
Kingdom Generally Accepted Accounting Praclicel.
In our opinion, the financial slalemenls..
give a true and fair view ol the slate of the charity's affairs as al 31 December 2024 and of its incoming
reSDurces and application of resources, for the year then ended,.
have been properly piepared in accordanc? with United Kingdom Generally Accepted Accounting Practi￿.,
and
have been prepaTed in accordance with the Charities Act 2011.
Ba515 for opinion
We conducled our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable
law. Our responsibilities under those standards are further described in the Auditors responsibilities for (he 3udit oi
Ihe financial statements section of our report Vvé are independent of the charity in accordance with the elhi¢al
requirements that are relevant lo oui audll of the financial slalemenls in the UK, including the FRC'S Ethical
Standard, and we have Iltlfilled our Dlhei elhiGal reEpDnsibililies in accordance with these requirements. We beliÉve
that the audit eviden￿ we have obtained is sufficient 8nd appropriate lo provide a basis for our opinion.
Conclusions relatlng to going con¢•rn
In auditing th@ financial stalemenls, we have concluded that the Iruslees, use of the going concem basis of
accounting in the preparglion ol the financial slalemenls Is appropriate.
Based on the work we have performed, we have not identified any material uncerlainlies relating lo events or
conditions that. individually or collectively, may casl significant doubl on the ¢harily's ability lo continue as a going
concern for a period of al least twelve months from when the flnancial slalemenls are aulhorised for issue.
Our responsibilities and the responsibilities of the trustees with respect lo going concein are described in the
relèvant sections of this report.
Other infoimation
The other information comprises the information included in the annual report other than the financial slalements
and our auditor's report Ihereon. The Iruslees are responsible for the other information contained within the annual
report. Our opinion on the financial slalemenls does nol cover the other information and we do not expies5 any form
of assurance Conclusion Ihereon. Our resporisibilily Is lo read the other informalion and. in doing so, consider
whether the other information is materially inconsislenl with the fin8n¢i81 slalemenls or our knoivledge obtained in
the course of the audit, or otherwise appeals lo be materially misslaled. If we identify such material inconsistencies
OT apparent material misslalemenls, we are requlred lo determine whether this gives rise lo a material misslatemenl
In the flnanci81 slalemenls themselves. If, based on the work we have performed, we conclude that there is a
maleiial misslalemenl ol this other information, we are required to report that fact.
We have nothing lo report in this regard.
Matters on which we are requlred to report by exceptlon
We have nothing lo report in respect ol the following tnallers in ielalion lo which the Charitie5 (Accounts and
Reports) Regulations 2008 requires us lo report to YDU if, in our opinion..
the information given in the financial slalemenls is inconslstenl in any materi81 respect wlh the trustees,
report,, or
sufficient accounting records have not been kept", or
thè financial slalemenls are not in agreement with the a¢¢ounling records., or
we have not recèived 811 the information and explanations we require lor our audit.

CHELTENHAM ALMSHOUSES & AID CIO
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF CHELTENHAM ALMSHOUSES & AID CIO
Responslbilitles of trustee5
As explained more fully in the slalem&nl of l¥uslees' responsibilities, thè Iruslees are responsible for the prèparation
of tho financial slalemenls ancf IDr being satisfied that they give a true and fair view, and for such internal control as
the Iruslees determine Is necessary lo enable the preparation of financi81 slalemenls that are free from material
misslatemenl, whether due lo fraud or error. In preparing the linancial slalemenls, thè Iruslees artr responsible for
assessing the charily's ability lo continue as 8 going concern, disclosing, a5 applicable, malleis related lo going
concern and using the going concern basis of accounting unless the trustees either intend lo cease operations, or
have no realistic attemalive bul lo do so.
Audltoy's resp¢nslbllltles for the audlt ol the flnan¢lal stat•M•nts
We have been appointed as auditor under section 144 of the Ch8rilies Act 2011 and rewrt in accordance with Ihe
Act and relevant regulations Made or having effect thereunder.
Our objectives are lo obtain reasonable assurance about whether the fin8nasl slalemenls as a whole are free from
material mi551alemenl. whether due ID fraud or erior, and to issue an auditor's report that includes our opinion.
Reasonable assurance is a l)igh level ol assurance bul is not a guarantee that an audit con(lucled in accofdance
with ISAS IUKI will always detect a material misstatement when il exists. Misslatemenls can arise from fraud or
error and are considered material il, individually or in the aggregate, they could reasonably be expected lo influence
the economic decisions of users taken on the basis of these financial slalemenls.
Owing to the inherent limitations of an audit, there is an unavoidable risk that, despite us planning and performing
our audit in accordance with audiling standards. one or more material misslatemenls in the financial slalemenls
may have gone undelecled by our audit. As with any audit, there is a high risk that irregularities and fraud will go
undelecled where they involve mallers such as misrepresenlalions from management, collusion, deliberate
omissions and override of controls. 11 is not the role of the auditor lo prevent non-compliance and we cannot be
expected lo delecl 8very instance ol non-compliance with 811 laws and regulations.
In identifying ancl assessing risks ol matèrial misslalemenl in respect of irregularities, including fraud and non-
compliance with laws and regulations, our procedures included the following..
enquirios of manaoemenl including a pre audit meeting.,
ob18ining and rèviewing supporting rlocumenlalion Df policies concerning the laws and regulations
applicable lo the business",
undefÉlanding how the company complies with ils rogulalory framework by making enquiries ol
management.,
considering the culture inherent in the Gompany and whelher this represents a culture of honesty and
ethical behaviour with a strong emphasis of detection and prevèntion of fr8ud.
Vva asses$8d the susceplibilily ol the company's financial slalemenls lo material misslalement and considered how
fraud might occur, The audit procedures perfomied included, bul weie not limited ID..
Challenging management assumptions and eslimales.,
identifying and lesling unusual journal entries.,
assessing how the relevant laws and regulations have been complied with and noting any instances of non
compliance,.
reviewing the financial slalemenls for compliance with relevant Accounting Standards and accounting
legislation applicable lo a small company.,
considering how those charged with governance have addressed the possibility of an override of
essential conlrols or Dlher influence over the financial reporting processes.
In addition, we also considered other non financial laws relevant lo the company. These do not ne￿Ss8r1IY have a
direct influence on the financial statements bul might affect the company's ability lo op&rale.
A further description of our responsibilities is available on the Financial Reporting Council's website al.. hllps".11
w.frc.org.uklaudilorsresponsibililies. This description forms part of our auditor's report.

CHELTENHAM ALMSHOUSES & AID CIO
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF CHELTENHAM ALMSHOUSES & AID CIO
other matters
Your attention is drawn lo the fact that the charity h8s prepared linanclal slalemenls in accordar*ce with "Accounting
and RepDrting by Charities.. Statement of Recommended Praclice applicable lo charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 las
amended) in preferencè lo the Accounting and Reporting by Charities.. Slalemenl of Recommended Practice issue(I
on l ApTiI 2005 which is referred lo in the exlanl regulations bul has now been withdrawn. This has been done in
order for the financial slalemenls lo provlde a true and fair view in accordance with Gurrenl Generally Accepted
Accounting Practice.
Use of our roport
This report is made solely to the ¢harily's trustees, as a body, in accordance with Part 4 of the Charities (Accounts
and Reports) Regulations 2008. Our audit work has been undertaken so that we might slate lo the Gharily's lluslees
those mallers we are required lo slate lo them in an audiloi's report and for no othèr purpose. To the fullest extent
permilled by law, we do not accept or assume responsibility lo anyone olhor than the charity and the charily's
Iruslees as a body, for our audit work, for this report. or for the opinions we have formed.
Roger Downas FCA {Senior Statutory Auditor)
For and on behalf of BK Plus Audit Limited, Slalulory Audllor
Chartered Accounlanls
6 Manor Park Business Centre
Mackenzie Way
Chellenham
Gloucestershire
GL51 9TX
England
11 June 2025
BK Plus Limited is elSgible for appointment as audllor of the charity by virtue of its eligibility for appointment as
auditor ol a company under section 1212 of the Companies A¢1 2006.

CHELTENHAM ALMSHOUSES & AID CIO
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestrlcted
fund
Unre8tTlcted
fund$
2024
2023
Notès
Income from:
Charitable activities
Investments
292,247
13,802
280,809
12,408
Total income
306,049
293,217
Expgndlture on:
Charitable activities
264,993
262,890
Total expendlture
264,993
262.890
Nel gainslllossesl on inv&slmenls
4,289
24,392
N•t Income and movomont in funds
45,345
54.719
Reconciliation of funds"
Fund balances al 1 January 2024
4,909.061
4.854,342
Fund balances at 31 December 2024
4,954.406
4.909.081

CHELTENHAM ALMSHOUSES & AID CIO
STATEMENT OF FINANCIAL POSITION
AS A T 31 DECEMBER 2024
2024
2023
Notes
Fixed assets
Tangible assets
Inveslmènls
10
11
4,384,940
331,645
4,492,173
327,358
4,716,585
4,819,529
Current 36$èts
Debtors
Cash al bank and in hand
12
7,161
253,543
3,753
182,793
260,704
186.546
Creditors: amounts falllng due
within one year
13
122,8831
123,9991
N•t currant assets
237,821
162.547
Total assets le55 ¢uvrent Ilabllities
4,954,406
4,982,076
Creditors: amounts falllng due after
more than one yoar
14
173,0151
Nat assets
4,954,406
4,909,061
Thè lunds of the charity
Unreslricled funds
18
4,954,406
4,909,061
4,954,406
4,909,061
The financi81 sl
ments were approved by the Iruslees on 11 June 2025
Mrm
- Trustèa

CHELTENHAM ALMSHOUSES & AID CIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 351 DECEMBER 2024
Accounting policles
l.q Accountlng Convention
The financial slalemenls have been prepared in accordance with the charity's governing documenl. the
Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"
and the Charities SORP AGcounling and Reporting by Charllies.. Slalemenl of Recommended Practice
applicable lo charities preparing their accounts in accordance with th8 Financial Heporting Standard
applicable in the UK and Republic of Ireland IFRS 1021" The chaTIIy 15 a Public Benefit Enlily as defined by
FRS 102.
The charity has taken advantage ol the provisions in the SORP for charities not ID prepare a 8lal8nenl of
cash flows.
The financial statements h3ve departed frorll the Charilies {A¢¢ounls and Reports) Regu58lions 2008 only lo
the exlenl required lo provide a Iwe and fair view. This departure has involved following the Slalement of
Recommended Practice for charities applying FRS 102 rather than the version ol the Slalemenl of
Recommended Practi￿ which is refarred lo in the Regulations bul which has since been withdrawn
The financial slalemenls are prepared in sterling, which is the functional currency of the charity. Monetary
amounts in these financial slalemenls are rounded to the nearest £.
The financial statements have been prepared under the historical Cost convention modified lo include unlisted
investments al fair value. The principal accounting policies adopted are sel out below.
1.2 Income
All incorne is rec￿nIS¢Cl in the Stslemenl of Financial Activities once the ehsrily has entillemenl lo the funds,
Il is prob8blÈ that the income will be fftceived and the amount can be measured reliably.
1.3 Expenditure
Liabilities are recognised as expendllure as soc>n as there is a legal or conslruclive obligation commilling the
charity lo that expenditure and the amount of the obligation can be measured reliably. Expenditure is
accounted for on an accruals basis, inclusiv? of irrecoverable VAT.
Grants offered subject lo conditions which have not been mel al the year end dale are noted as a commitment
bul llol accrued as expenditure.
1.4 Tangible fixed assets
Housing properties are shown al 'deemed co$l' under the provisions ol SORP FRS102. Depreciation is
charged on a slraighl line basis over 50 years commencing on 1 January 2016.
Any expenditure on eqLJipmenl or fillings Is wrillen off in the year in which il Is Incur¥ed.
Income from charltable activities
Unrestrlcted
fund8
Unr•strlcted
2024
2023
Rents ￿ceiVed
292,247
280,809

CHELTENHAM ALMSHOUSES & AID CIO
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Income from investments
UnYb$tricted Unro8trlcted
fullds
funds
2023
2024
Dividends received
Interest received
3,892
9,910
3.489
8.919
13,802
12,408
Expfyndlture on charitablo aetlvltles
Total
2024
Total
2023
Direct costs
Staff c051s
Depreci8llon and Impairment
Cleaning
Insurance
Light and heat
Ratès and water
Gardening
Properly repairs
Telephone, broadband & IT
Slalionery and consumables
Subscriptions
Sundry expenses
ank charges
Loan interest
Rental property Costs
29,295
1 Q7,233
2,240
6,150
29,865
10,860
7,050
42,229
2,784
2,740
582
30
159
27,450
1 L17,233
3,214
6,770
33,590
11,417
8,207
38,500
2,295
263
333
240
182
li
4,749
2,326
13,125
248.292
252.819
Grant funding of activities (see note 51
1.043
1,229
Share ol support and governah¢• costs Is•e note 6)
Gc>vernance
15,658
8,842
264.993
262,890
Analysls by fund
Unreslricled funds
264,993
262,890
10-

CHELTENHAM ALMSHOUSES & AID CIO
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED>
FOR THE YEAR ENDED 31 DECEMBER 2024
Grants payable
Total
2024
Total
2023
NHS Trust
1,043
1,229
Support costs allo¢oted to activities
2024
2023
Governance costs
15,658
8,842
Analysed between:
Auditor's fees
other professional fees
4,912
10,746
6,042
2,800
15,658
8.842
Trustees
None of the trustees (or any persons Connected with them) received any remuneration or benefits from the
charity duiing the year.
Galn5 and lossès on investment5
Unrostrict Unrestrict
ed
lunds
2024
funds
2023
Gainslllosses} arising on..
Revaluation of investments
4,289
24,392
Taxatlo
The charity is exempt from laxalion on its activities because all ils income is applied for charitable purposes.
11

CHELTENHAM ALMSHOUSES & AID CIO
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
10 Tanglbl• fixèd assèts
Freohold
land and
bulldlngs
Cost
Al 1 January 2024
5,286,979
Al 31 December 2024
5,286.979
Dopreciation and impairment
Al 1 January 2024
Dep￿ciall0n charged In the year
794,806
107,233
Al 31 December 2C124
902,039
Carrying amount
Al 31 December 2024
4,384,940
Al 31 De¢ember 2023
4,492,173
11 Fixed a55et investments
Unllsted
investments
Co$t or valuatlo
Al 1 January 2024
Valuation changes
327,356
4,289
Al 31 December 2024
331,645
Carrylng amount
Al 31 December 2024
331,645
Al 31 December 2023
327,356
There werè no Investment assets outside the UK.
12

CHELTENHAM ALMSHOUSES & AID CIO
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
11 FÉxed asset invastm•nts
(Contlnued)
2024
2023
Inveslm2nls al fair value comprisè.,
Valuation in 2020
Valuation in 2021
Valuation in 2022
Valuation in 2023
ValLl8tion in 2024
Cost
17.364
32.084
145,2621
24,392
4.289
298,778
{17,3641
132,0841
145,2621
24,392
298.778
331,645
327,356
12 Debtors
2024
2023
Amounts talling due wlthln one year:
Other debtors
Prepayments and accrued income
2,676
4,485
301
3,452
7,161
3,753
13 Credltors: amounts falljng du• wlthln one year
2024
2023
Notes
Bank loans
Trade creditors
Other creditors
AccruaS8 and deferred income
15
9,000
880
1,270
12.869
2,365
20,518
22,883
23.999
14 Creditors" amounts falliny due after more than one
year
2024
2023
Notes
Bank loans
15
73,01 S
13-

CHELTENHAM ALMSHOUSES & AID CIO
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 34 DECEMBER 2024
15 Loans and overdrafts
2024
2023
Bank loans
82,015
Payable within one year
Payable after one year
9,OOD
73,015
The loan from Charity Bank was repayable in monthly inslalmenls over a period of 20 years ending in April
2038 and carried inlèresl al a managed commercial rate. 11 was secured against one of the Associalron's
almshouse properties. During the year, the charity repaid the loan in full.
16 Related payty transactlons
There were no disclosable related party transactions during the year12023- none).
17 Transfers betWOon funds
The transfer from the Propety Revaluation Reserve lo Cener81 Funds represents a release agalnsl the
depreciation charge on freehold property.
Transfers lolfrom Designated Funds for Cyclical Maintenance and Extraordinary Repairs have regard lo
allowances recommended by The Almshouse Association.
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