Charlty reglstration numb•r 1180867 (England and Wal•8) CHELTENHAM ALMSHOUSES & AID CIO ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
CHELTENHAM ALMSHOUSES & AID CIO LEGAL AND ADMINISTRATIVE INFORMATION Trust••s Ms J M Allison Mi M G Wylie Mrs M Jone8 Mrs H M LangfoTd Mrs M B Mears MSA M Foden MrBPLane MrCAYYap Mrs F K Richards (Appointed 27 AugLJSt 20251 Charlty number (EnBland and Wales) 1180867 Principal addr•ss 3 CarllDn Street CheSlenham Glouceslershlre GL52 6AG Aud•tor BK Plus Audlt Llmiled 6 M8nor Park Business Cenlre MacKenzie Way Swindon Village Cheltenham Glouce8lershire Uni18d Kingdom GLS19TX
CHELTENHAM ALMSHOUSES & AID CIO CONTENTS Page TTuslees' report Independent audllor's report statement of financial activities Slal&menl of financtal poslllon Notes lo the financial slatemenls 9-15
CHELTENHAM ALMSHOUSES & AID CIO TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The trustees prgsent Ihelr annual report and financial sl818ments for the year ended 31 December 2025. The financial slalemenls have been prepared in accordance with Ihe accounting policies sel out in note 1 to the fin8ncial statements and comply with the charity's governing doGumenl, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Irelaniy, and the Charities SORP "Accounting and Reporting by Charities.. Slalement of Recommended Practice appli¢able to ¢harili&s preparing their accounts in accordance with thè Financial Reporting Standard applicable in the UK 2nd Republic of Ireland {FRS 102) ObJ•etlvas and aclivities The obj8cl8 of the CIO are, for th8 publie benefit.. 1 lal the provision, Mairntenan and repair of almsh()uses in Chollanham for people who arè In need or experiencing ill-heallh, infirmity, hardship or distress, including by reason of age,. 1 (b} such charitable purpo8e8 for the benefil of the residents of the almshouses as the Iruslees decide. 2 the relief of povety 8nd the relief ol persons who are in need by reason of youth. age. ill-h&alth, disability or financial hardship by.. (al making grants of money to them,. or Ib) providing or paying for goods, services or facilities for them,, or Icl makn'ng grants of money lo other persons or bodies who provide goods. services or facilities to those in neèd. Slgnlflcant actlvlti•s The CIO provides accommodation for elderly residents in almshouse accommodatson in several locatlons in Chellenham, Gloucestershire. Publlc boneflt In planning the CIO'S activities for the year, the Iruslees kept in mind the Charity Commission's guidance on public benèfit. The focus of the CIO'S activities during the year, which explains the delivery by th8 CIO of public benefit, is sel out in this report in the sections above on 'Objeclives and aclivitles, and below on 'Achievement and Performance,. The CIO provld6s almshouse accommodation to r8sid8nls who have mel the qualifying criteria. Residents only need pay a conlrlbulion lo the upkeep Df the property and the runnirwJ of the charity, so the cost lo thém is significantly lower than the cost of renting a similar property in tho prlvale sector. The CIO also gives out grants to p60ple and other oiganisallons. Chalrporson statement 11 gives me great pleasure lo write my Second annual report as Chair of th8 Cheltenham Almshouses and A'd CIO covering the a¢livilies of the chaiily from 1 sl January 2025 to 31st December 2025.
CHELTENHAM ALMSHOUSES & AID CIO TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 A¢hiev•monts and performance The financial year lo 31st December 2025 for the organisallon was encouraging with healthy bank and investments balances being built. The finances of the organisalion are reviewed quarterly and the income raised through the weekly maintenance contributions is ulili8ed to fulfil the charitable actwilies of Cheltenham Almshouses and Aid cio. 6 Sl G8orges Street, our office, wa8 sold during November 2025, th proceeds placed into Ihe charity's investment fund. This fund will be ulilisod to further th8 aim5 of the charity lo provide well maintained prop@rties offering accommodation lo thos8 over a certain age and le88 fortunate. Vacancies during the y8ar were minimal and well below the 10QA vacancy rate that is budgeted. As al the 31sl December 2025 the charity had no vacancies. Sadly, several long~Standing residents passed away during the year and all are dearly missed by neighbours, stsff and Iruslees. Vve have welcomed several residents lo our propertias, and all have selNed well. Quinquenntal inspections were carried during 2024 and work advised was slart8d during the year, with much work to follow during 2026. No report can be complete wilhoul mention of the Trustees, all of whom are volunteers and who give up their lime regularly lo allend meeting8, VlSIt residents. review ptslicies and procedures, and review the finances and governance of the charity. The Iruslees are those who at times have to make difficult decisions lo govern wisely. The Trustees ongoing support and frièndship makes the task of Chairing the Charity so much easier. The Iruslees are vary grateful lo our two employees, Calh and Sue, who look after our resid8nls and our propertie8 so well. They both go above and beyond the call of duty to ensure our residents are kept happy and safe. I can r&port th81 tho Chellenham Almshouses and Ald CIO Is in g¢)od shape. Flnancial r•vl•w Investment policy and objecti6 The CIO holds income shares in COIF Investment Fund units and Blackrock UK charity funds. In addition, it maintains some of its cash reserves in COIF Deposit Funds. The CIO'S day-lo-day n86ds ar8 to have 8hort-lerm funds r@adily available,. investment in addilional shares is made only when it is considered prudent by the Irusle6s to do so. Reserves policy The trustees alm lo mainlaln General Funds al s level that will allow the CIO to fLJnction in 8 norm81 w?y in the event that income streams fail or operating costs rise sharply. They aim also lo maintain General Funds that will onable th&m to develop and malnlain the almshouse propertles for which Ihe CIO is responsible. In addition, thè CIO has designated reserves for Cyclical Maintenance and Extraordinary Repalrs to which annual transfers are made in line with allowances recommended by IheAlmshouse Association. RevalLfration reserves arise as housing properties and fixed asset investments ar& recognlsed at fair value in line with good accounting practice for assets of this nature. Future plans In the coming year It is our intention to carry out extensive @xternal remedial work at 3 Carlton Street. the Charity's Grade11 listed property.
CHELTENHAM ALMSHOUSES & AID CIO TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 strueturgy governance and manag•m•nt Governlng documant The charity is controlled by ils governing document and is consliluled as a foundation CIO (Charitable Incorporated Organisalionl. It was first registered with the Charity Commission on 27 November 2018. Decision maklng The CIO is managed by a voluntsry board of Iruslees, which meets most months. Risk managoment The Iruslees have a duly lo identify and review the fisks lo which the charity Is exposed and to ensure appropriate controls are in plac8 lo provide reasonable assurance against fraud and error. statemant of Trustee's R•sponslbllltles Tho Iruste&s are responsible for preparing the Report of the Trustees and the financial slalemenls in accordance with applicable law anLI United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law appllcable to charities in England and Wales, the Charities Act 2011, Charity {Accounls arffl Reports} Regulations 2008 and the provisions of the trust deed requires the trustees lo prepare financial slalemenls for each financial year which give a true and fair view of the slate of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial slalemenls. the Iruslees are required lo select suitable accounting policies and then apply them consislenlly., obseNe the methods and principles in the Charity SORP., make judgements and eslimales that are reasonable and prudent,, prepare the financial statements on the going concern basis unless it is Inappropriate lo presum, charity will continue in business. The trustees 8re responsible for keeping prop&r accounting records which disclose with reasonable accuracy al any lime the financial position of the charity and lo enable them lo ensure Ihal the financial statements comply with the Charities Act 2011, the Charily (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularllles. The trustees. repo as approved by the Board of Trustees. Mrm Wyll Trustee 14 July 2026
CHELTENHAM ALMSHOUSES & AID CIO INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF CHELTENHAM ALMSHOUSES & AID CIO Opinlon We have audited the flnanclal slalemenls of Chellenham Almshouses & Aid CIO {the 'charitll for the y&ar ended 31 December 2025 which COTnprise the 8lalement of financial activities, the statement of financial position and notes 10 the financial slalements, including significant accounting policies. The financial reporting framework that has been applied in th8ir PTeparallon is applicable law United lfjngdom Accounting Standards, including Fin8nci81 Reportlng Standard 102 The Fin8nci81 Reporting Sl8ndard Bpplicable in the UK and RepublK of Ireland (United Kingdom GenerallyAccepted Accounting Pracllcel- In our opinion, the financial slalemenls.. give a true and fair view of the slate of the charitys affairs as at 31 December 2025 and of ils Incomlng resources and application of resources, for the year th8n &nded; have been property prepared in accordance with United lQngdom GeneralEy Accepted Accounting Practica.. and have been prepared in accordan wth the Charities A¢t 2011. Basls for oplnlon We conducted our oudil in accordance with Ir)ternalional Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further describ8d in th8 Audifoffs responsithlilies for Ihe audit oi Ihe financia/ statements section of r>ur report. We are independent of the charity in accordance wllh the ethical requirements that are relevant lo our audit of the financial st81@m&nls in the UK, including the FRC'S Ethical Standard, and we have fiJKilled our other ethical responsibilities in accordance with these requirements. We believè that the audit evidence we have obtained is sufficient and appropriate lo provide a basls for our opinion. Con¢luslons rolating lo goin8 concern In auditing the financial stalemenls, we have conclude(I that tho trustees, use of the going Goncem ba8is of accounting in the pr8paration of the financial stat8m6nls is appropriate, Based on the work we have performed, we have not idonlified any material uncertainties ielaling to events or conditions that, individually or coll8clively, may cast significant doubl on the charity's abiSity lo continue as a golng concern for a period of at least twelve months from when the financial slalemenls are aulhoris8d for is8ue. Our responsibilities and the respon8ibililies of the Iruslees with respect lo golng concern are described in the relevant sections of this report. Other Informatlon The other information compri585 the Information inclL¢ded in the annual ieport other than the finala[ slal6m@nts and our audilofs report Ihereon. The Iruslees are responsible for the other information contained within the annual report. Our opinion on the fi'nanclal statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is lo read the other information and, in dDing so, consider wh8lher the other information is msterially inconsislenl with the financlal slalemenls Dr our knowledge obtained in the course of the audit, or otherwise appears lo be materially misslaleLI. If we identify such material inconsislenci8S or apparent material misstatements. we are required lo determine whethèr this gives rise lo a material misstslement n the financial slalemenls Ihems8lves. If, based on the work we have performed, we ¢onGlude that there is a material misslalemenl of thi5 other informallon, we are required to report that fact. We have nothing lo report In this regard. Matters on whlch wo arg roqulrod to r•port by •xceptlo•b Wo have nothing lo report in respact of the follon9 matters in relation lo whith the Charilies {Ac¢ounls and Reports) Regulations 2008 requires us to report to you if, in our opinion.. the informatlon given in lh& financial slalemenls Is inconslstenl In any malerfal respect wlth thè trustees, report., or sufficitnl accounting records have not been kept., or the financial slalemenls are not in agreement with the accounting records- or we hav8 not received all th& infomiation and 8xplan8ltons we require for our audit.
CHELTENHAM ALMSHOUSES & AID CIO INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF CHELTENHAM ALMSHOUSES & AID CIO Rasponslbllltlos of trusteos As explained more fully In th8 stslemenl of Iruslees, responsibilitie8. the Iruslees are responsiblè for the prèparation of the financial statements and for being satisfied that they giv6 a true and fair vlew, and for such Inlemal control as the trustees determine is necessary lo enable tha prèp8r81ion of financia5 slalemenls that are free from material misslalemenl, whether due lo fraud or error. In preparing the financial sla16m&nts, the Iru¥tee8 are responslble for assessing the charity's ability lo continue as a going concern. disclosing. as applicable, mallers related to going concern and using the going concern basis of accounting unle88 the trustee8 either intend to cease operations, or have no realistic allernalive to do so. Auditor's responslbllltles for tho audlt of the flnan¢lal $tstom•nts We have been appointed as auditor under secllon 144 of the Charities Act 2011 and report in aCWrd8n with the Act and relèvant re9ulations made or having effect Ihereunder. Our objectives are to obtain reasonable assurance Bt)out whéther the financial slalemenls as a whole are free from material misslalemenl, whether due lo fraud or error. and lo issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is nol a guarantee that an audll conducted in accordance with ISAS (UK) will always delecl a material mi88talem8nt when it exists. Misststemenls can arise from fraud or error and are considered material if. individually or in the aogregale, they could reasonably be expected lo influence the 8conomlc decisions of users taken on the b88is of these financial stalemenls. Owing to the inherent Ilmilalions of an audit. Ihefft 18 an unavoidable risk that, despite us planning and performing our audit in accordance with auditing standards. one or more material mlsslalèments In the financial slalements may have gone undetected by our audit. As wlth any audit. there 18 a high risk that irregularities and fraud will go undelecled where they involve matter8 such 88 misrepresentations from management, collusion, dèllberate omissions and override of controls. It is not the role of the auditor lo prevent non-eompliance and we cannot be expected to delect every inslanco of non-compliance with all laws arKI regulations. In identifying and assessing risk8 of materlal mlsslalemenl in respect of irregulaiities. including fraud and non. Comlance with laws and r8gulalions, our procedures Included the followlng.. • enquiries of management including a pre audit meeting., obtaining and reviewing supporting documentalion of policies Conceming the laws and regulations appllcable lo the business.. understanding how the company complies with Ils regulatory framework by making 8nquirig$ r)f management., • considering the cullure inherent in the company and whether this represents a culture of honesty and elhlcal behaviour with a strong emphasi8 of detection and prevention of fraud. We assessed the susceptibility ot the company's financial statement8 to material misstatemènt and considered how fraud might occur. Thg audit procedures perfom)&d included, but were not Ilmlted lo.. challenging management assumptions and e8timates'. identifying and lesling LJnusu81 lournal entries.. 8SS88sing how the relevant laws and regulation8 have been complied with and noting any instances of non compliance., reviewing the flnancial slalements for compllance with rel8vanlAccounlino Standards and accountlng legislation applicable lo a small company., Gonsidering how those charged with govemanBe have addressed the possibility of an override of essential contro18 or other influencè over the financial reporting Processes. In addllion, we also considered other non fiFTrancial laws relevant lo the company. These do not eSSa111Y have a direct influence on the financial statem1$ bul might affect the company's ability to operate. A further descriplon of our responslbilllies Is avallabte on the Flnanclal Reporting Council's bsIte aL hllps'.11 w.frc.org.uklaudllorsresponsibllilles. This descrfptlon forms part of our auditorfs report.
CHELTENHAM ALMSHOUSES & AID CIO INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF CHELTENHAM ALMSHOUSES & AID CIO other mattors Your allenlion is drawn to th8 fact that the charity has prepared financial ststements in accordance wSlh "Accounti and Reporting by Charities.. Slalement of Recommended Practice appllcable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicate in the UK and Republic of Ireland IFRS 102)" las amended) in preference lo th? Accounting and Reporting by Charities- Slalement of Recommended Practice issued on 1 April 2005 which is referred lo in tho extant regulalions bul has now been withdrawn. This has been done In order for the financial slalemenls lo provide 8 tru$ and fair view in accordance with current Generally Acctspled Accounting Practice. Use of our report This report is made solely to the Charlly's Iruste&s. as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has beèn ndertaken so that we might slate lo the charity's Iruslees those matters w6 are required lo stale lo them in an auditor's rep¢Jrt and for no olhgr purpose. To the fullest exlenl peimitted by law, we do not accept or assume responsibility lo anyone oth8r than th8 charity and th8 charity's Iruslees as a body, for our audit work, for this repc)rt, or for the opinions we have formed. Roger Downos FCA (Senior Statutory Auditor) For and on behalf of BK Plus Audit Limited. Slalutory Auditor Chartered Certified Accounlanls 6 Manor Park Business Centre MacKenzie Mtrdy Swindon Village Chellenham Glouceslershlre GL519TX United Kingdom 14 July 2026 BK Plus Audit Limlte¢J is eligible for appolnlment as audllor of the charity by virtue of its eligibility for appointment as audltor of 8 company under sectlon 1212 of the Companles Act 2006.
CHELTENHAM ALMSHOUSES & AID CIO STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025 Unrestrlcted funds 2025 Unre¥trlcted funds 2024 Not•s Incomo from: Donations and legacies Charitable 4clivilies Investments 277 297,344 14,740 292,247 13,802 Total Income 312,361 306,049 Exp•nditur• on: Charitable activities Other expenditure 279,152 49,932 264,993 Total expendlturo 329,084 264,993 Net gainsl{losses} on investments 10 113,0671 4,289 Net In¢om•l(•xp•nditur•) and movement In lunds 129,7901 45,345 Reconclllatlon of fund& Fund balances al l January 2025 4,954.406 4,909,061 Fund balanc•s at 31 D•combor 2025 4.924,616 4.954,406
CHELTENHAM ALMSHOUSES & AID CIO STATEMENT OF FINANCIAL POSITION AS A T 31 DECEMBER 2025 2025 2024 Not•s Flxtrd assets Tangible assets Investments 12 13 4,056,226 318,578 4,384,940 331,645 4,374,804 4,716,585 Curront a660ts Debtors Cash al bank and in hand 14 7,966 554,206 7,161 253,543 562,172 260,704 Crodltors: amounts falllng due wlthln ono yoar 15 (12.3601 122,8831 Not current assets 549,812 237,821 Total assets less current liabilities 4,924,616 4,954,408 The funds of the charity Unreslricled funds 18 4,924,616 4,954,408 4,924,616 4,954,406 The financial slate nts were approved by the Iruslees on 14 July 2026 Mrm Trustoo
CHELTENHAM ALMSHOUSES & AID CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accountlng polici•s .1 Accountlng Conventlon The financial slalemenls hav8 been prepad in accordance with the charity's governing document, the Charities Act 2011, FRS 102 The Financial Reporting Standard applicable in th8 UK 8nd Republic of Ireland" and the Charities SORP Accounting and Reportlng by Charitiès.. Slalement of Recommended Practice applicable lo charities prepering their accounts accordance with the Financial Reporting Slandaid applicable in the UK and Republic of Ireland {FRS 1021" The charity is a Public Benelil Enlily as defined by FRS 102. The charity has tsken advantage of th& prov181ons in the SORP for Charities r1 to prepare a 8tstanent ol cash tlows. The financlal slalemenls have departed from the Charities (Accounts and Reports) Regulations 2008 only lo the extent requlred lo piovide a true and fair view. This departure has involvèd following the Slalemenl ol Recommended Pracb'ce for charities applying FRS 102 rather than the version of the Slalomenl of Recommended Practice which is referred lo in the Regulatlons bul which has since been withdrawn. The financial slalements are prepared In slerfing, which is the functional currency of the ctharity. Monetary amounts in Ihese financlal slateTnenls are rounded lo the nearest £. The financial statements have been pr8par@d under Ihe hi81orical cost convention modified lo ir¢cIle unlisted investments at f8ir value. The principal accounting policies adopted are set out below. 1.2 Incom• All income Is recognised in the Slalement of Financial Acllville8 once the charity has enlillèm8nl lo the funds, il Is probable that the income will be receivod and the amount can be Measured reliably. 1.3 Expendltur• Liabilitlos are recognised as expenditure as soon as th8re is a legal or con8tructive obligation Gommitting the Charity to that expenditure and the amounl of the obligation can be measured reliably. Exp8nditur8 is accounlad for on an accruals basis, inclusive of irr8cov8rable VAT. Grants offered sublecl lo condllions whiGh have not been m&t at the year end dale are noted as a commitment but not accrued as expenditure. 1.4 Tanglbl• fixed assets Hotjsing properties are shown at 'deemed cost, under the provisions of SORP FRS102. Depreclation Is charged on a straight Ilne basis over 50 years commencing on 1 January 2016. Any expenditure on equlpment or fillings is written off in tho year in whlch It is Incurred. In¢omo Irom donatlons and lagacies Unr•tstrFcted ftsnds 2025 Unro$trlctgd funds 2024 Donations Legacies 100 177 277
CHELTENHAM ALMSHOUSES & AID CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 In¢omo from eharltabl• actlvltl•s UnltrIcted lund8 2025 Uhyr8sttlcted IndS 2024 Rents recelvad 297,344 292,247 Incon)• from Invostmonts Vnro8trlct8d UnTOStrlcted funds fund5 2025 2024 Dividends received Intelesl received 3,366 11,374 3,892 9.910 14.740 13,802 10-
CHELTENHAM ALMSHOUSES & AID CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EIVDED 31 DECEMBER 2025 Expendltur• on eharltabla aetfvitles Total 2025 Total 2024 Diroct costs Staff eosls Depreciation and impairment Cleaning Insurance Light and heat Rates and water Gardening Property repairs Telephone, broadband & rr Stationery and con8umable8 Subscriptions Sundry expenses Bank charges Loan interest Rental property cos15 37,261 101,831 2,823 8,629 30,263 13,695 5,432 61,212 3,098 4,018 599 143 163 29,295 107,233 2,240 6,150 29,865 10,860 7,050 42,229 2,784 2.740 S82 30 159 4,749 2,326 1,861 269,028 248,292 Grant fundlng of activities {see note 61 813 1,043 Shar• of support and governance costs (s•e nota 7) Govemance 9,313 15,658 279,152 264,993 Analys15 by fund Unreslricled funds 279,152 264,993 Grants payablo Total 2025 Total 2024 NHS Trust 813 1.043
CHELTENHAM ALMSHOUSES & AID CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Support costs allocatod to a¢tlvltlos 2025 2024 Governance costs 9,313 15,658 Analysod between: Auditoi's fees Othèr professional feos 5,423 3,890 4,912 10,746 9,313 15,658 Trust5 None of the trustees lor any persons connected with them) received any remuneration or benefits from the charlly during the year. other •xp?ndltur• Unrostrlcted UnroJtrkt•d funrts lund$ 2024 2025 Net loss on disposal of tangible fixed assets 49,932 The loss on disposal of property is shown net of disposal costs of £3,048 10 Galns and lossos on Inveslm•ntS UtrICted UnreBtrlctad fund8 funds 2025 2024 Gainslllossesl arising on.. Revaluation of investments 113,067) 4.289 11 Taxatio Thè charity is exempl from taxation on ils activiti6s because all ils income is applied for charitabl8 purposes. 12-
CHELTENHAM ALMSHOUSES & AID CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 12 Tanglblg flxed assets Frg•hold land #Ad bullding¥ Cost Al 1 January 2025 Disposal8 5.288,979 1270,1001 At 31 December 2025 5.016,879 Dopreclatlon and impaiTm•nt Al 1 January 2025 Depreciation charged in the year Eliminated in reswct of disposa18 902.038 101,831 143,2161 At 31 December 2025 960,653 Carrylng amount Al 31 D&cember 2025 4,056,228 Al 31 December 2024 4,384,940 13 Flx•d ass•t Inv•stmonts Unllsted Inv•stmeMts Cost or valuallon Al 1 January 2025 Valuation changes 331.645 {13.067} Al 31 December 2025 318,578 Carrylng amount Al 31 December 2025 318.578 Al 31 December 2024 331,645 13-
CHELTENHAM ALMSHOUSES & AID CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 13 Flxed asset ImstMentS qContlnu•d) 2025 2024 Investments al fair valL¢e comprise,. Valuatlon in 2020 Valuation in 2021 Valuation in 2022 Valuation in 2023 Valuation in 2024 Valuatlon in 2025 Co81 17,364 32.084 145.2621 24,392 4.289 113.067) 298.778 17.364 32.084 145,262 24,392 4,289 298,778 318,578 331,645 14 Debtorg 2025 2024 Amovnts lalllng dug wlthln on• year: Other doblors Prepayments and accrued income 3,677 4,289 2,676 4,485 7.966 7,161 IS Cr•dltors: amounts falling du• wlthin one year 2025 2024 Other creditor8 Acuuals and deferred Income 131 12,229 2,365 20,518 12.360 22.883 16 Rolated party tran$aetlons There were no dlsclosable re181ed paty trans8Ctlons durlng tho y8ar12024- none). 17 Transf•rs betw••n funds The transfer from the Property Revalu81ion Reserve to General Funds r8pres8nls a release against the depreciation charge on freehold property. Transfers tolfrom Designated Funds for Cyclical Maintenanc@ and Extraordinary Repairs have regard to allowances recommended by The AlmshouseAssociation. 14-
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