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 objecti￿6
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 fina￿la[ 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 follo￿n9 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 $tstom•nts
We have been appointed as auditor under secllon 144 of the Charities Act 2011 and report in aCWrd8n￿ with the
Act and relèvant re9ulations made or having effect Ihereunder.
Our objectives are to obtain reasonable assurance Bt)out whéther the financial slalemenls as a whole are free from
material misslalemenl, whether due lo fraud or error. and lo issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assurance but is nol a guarantee that an audll conducted in accordance
with ISAS (UK) will always delecl a material mi88talem8nt when it exists. Misststemenls can arise from fraud or
error and are considered material if. individually or in the aogregale, they could reasonably be expected lo influence
the 8conomlc decisions of users taken on the b88is of these financial stalemenls.
Owing to the inherent Ilmilalions of an audit. Ihefft 18 an unavoidable risk that, despite us planning and performing
our audit in accordance with auditing standards. one or more material mlsslalèments In the financial slalements
may have gone undetected by our audit. As wlth any audit. there 18 a high risk that irregularities and fraud will go
undelecled where they involve matter8 such 88 misrepresentations from management, collusion, dèllberate
omissions and override of controls. It is not the role of the auditor lo prevent non-eompliance and we cannot be
expected to delect every inslanco of non-compliance with all laws arKI regulations.
In identifying and assessing risk8 of materlal mlsslalemenl in respect of irregulaiities. including fraud and non.
Com￿lance with laws and r8gulalions, our procedures Included the followlng..
• enquiries of management including a pre audit meeting.,
obtaining and reviewing supporting documentalion of policies Conceming the laws and regulations
appllcable lo the business..
understanding how the company complies with Ils regulatory framework by making 8nquirig$ 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 ￿e￿SSa111Y have a
direct influence on the financial statem￿1$ 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 applicat￿e 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 prepa￿d 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 r￿1 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¢cI￿le 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
Unl￿trIcted
lund8
2025
Uhyr8sttlcted
I￿ndS
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
Trust￿5
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
U￿￿trICted 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 Im￿stMentS
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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