ERED Pag• Reoort irf th• Tru•t••J Indapeml•nt Examln•rs rw to th• Tnwie stst•rn•it of Comw¢hEnslv• In¢tsme Statern￿t of Changes ITr Reserirn8 statenynt o( FIn￿d￿l Pojlllon sh Flow St•tement Not•# to the Flnantlal Stal•Meni* 9-15 Detalled Income and tXPDrK4turn Acamiiit 16 Sch•ddè oflryv•thi*nts fy Incom• 17 OUSES Thé submtt thelr annual rewt tctyJeW the IntknpÉyd￿Ity eximlTred IknHr¥lal stratwnts fi* the vearen￿A 31 March ?0?.4. Prlndpal attlvlty ab￿ oryanlsatlon Yhe [Y1nd￿l Ètthiiy rf the Cwty Is to prDvk1e accimnKxlaUon lor In c4 hwslng Irom the patfjshLS of Lavant. Boxgrove, fangmere, West l)ean, Sltsjkion. East Dean. Eartham, hJdinwr￿. Ea5ttsgale. Bamliarn, Ovlngi w￿laMp￿ett. thKhe5ter, Stswghton. FuDbTrgtDn and Wesl StL*e, or 011*r￿se In ￿d31 cases apwoved by the Cornrrwii￿ al￿ Is the provis1￿1 of ie and ￿ fytleton market. at BoX9r￿, ￿lChester, w￿tSus￿ex. Thwe have beetb no inaterfal changes In the (hwttvs ￿ll(loS or actMt*s In ihtt year, Chatity ts 6 reqlstered chatltyi Mr￿￿bJtal as a tharthte kKupornted oryanlsotth, IL84676. The (harlty's go¥￿Ing doCUn￿t Is è Trnst Deed thted 30 f4arcli 2020 whwi aff assets or the Countess rffj Oths lo￿￿tY number 2130301 transferred to the new charlty. It is rtyi*e.red wlth the Hwstno Corwau(¥i. RefjlStra￿c￿ numter A1071. The Trv5tce5 are reY)ngb￿ 311 acimttes c* the Charliy. ITKkKlro malrthnaTKc rf the fatrlc of tk acCOrnnK￿at￿) and aky)Intsna)t and of the Man￿er. Trustees n￿et at least four t1￿*S a year to dlscu5S the orla1￿ rf the Charfty, conlder the prc4Jtr3mn* fc* malntenanco and ou￿r wrks I re.r.*w. rq)orts fyom the man￿￿. The Ilottrd rfTnLsFees ktreps the skll t*9￿ments ftr ihe Tru*ee t¥)dy uThler revfew In the event that a twstee ￿￿*￿en￿V rtVTes tr zthltt￿a1 new trustepts are rp4iilr¢yJ, board wlll ￿entlIV a gjltablo roF*en*nt. The ultlmate dedskn on sele£tkn Is a moLter Board of Tnistees. The Indwllon rKocess for any ne*trappolnteiJ trustee oywises the i55ue of bi5t £333.306 I￿.3: E313.289h Totsl to 178D,116 {2022.' E764.$22) R18k Asse88m•rt m8lc¥ rfth5 to whkh the dwrlty 15 a5 klwrtlfi￿l by Tr￿rtee%. h•ve ￿en re¥leweO and svstms have trKen eslabHfvJ to rrdt*iÈ rlsk IWe6tm¢nt apprn16al The mark* value c< inve5tment5 Ot 31# Marth 2024 £333.31O {a123 - É313,2881. The irwestTh￿nts prixjml J grtJ5S sn¢(￿ of É12.W 12023 - 111,2101. T¢￿ Investrnent IncthTh lft the A￿art￿l year an overnll Weld cl 3.9% {2023 3.6%) on the w1￿01the I￿vest[￿￿ts at the year￿. T Mopshall IChalrrThinl Mrs L SIFrwoD (re5vJned 28 Felww 2023> Peier kntln Mar* EIYeTrrtt . I?6￿￿1 i DED3 Tru•t•w' rwpomibkn for ihè prepratlon afthe fln•ndal stst£rnonts Housino Asg)JètKJn 0[￿ tharfty requlre. the TntthÉS tr> IlTrancLryl statements for ¢6ch finBndal year gl¥e a bue and falr vlt* rf the stale d affèlts of the (Nirlly as at the of thÈ Ilnandal yoar and d the t￿*t tsie flnantL41 statèments, 5ultatrAe accoUn￿ng p￿1￿$ hbve been ￿ and cthslthtty aprA>J. to the best cl the Tr￿slee5, krYJvAè* bellel. tty re(￿￿￿ to rEaS(￿able and jutkJefjYnts e5bmates. App1k&￿e ￿￿Oun￿ng stanthrds have foUov•ed. The Trustees ￿￿firM that they ￿ve totry)1Sed (￿th thdr [W￿SIL￿r￿￿e5 WFk3lntanlNJ *quate aCaJuntl￿j r￿£￿￿5 dltho rea5gnaL4e dt any Ume nnand4 ￿)$￿1￿ thlty. sof¥j￿rdIng the assets. cl the awrlLy and pre¥enUng detectlry frnud othw Irregul8Fltles. The Ttustees Cubffrni thal they are c* the nKJn thDt It Is awowlete io prekwe the nnarKwI ststernents on bJsi5 thot thartty is a goiny The tlnandal siateTrwts have been rxepareil ￿ actyrttyn￿ wlth H￿4rffj SORP 2018, Plan* fortbe fvtllm wltl) thè eryhasts ork people kn need. Prin¢ipal B•ttk•v Bank r* PO￿54 Chlthe5ter West Sussex P019 IMT Irwln Mttrhell ILP Thiymos Eggar H￿se Frfary Lane ith west SusseK P019 IUF Indepenknt Examiner Wr*Jrt FCA tLthA STr￿cn Stk￿and 7 East Palbrt West Susse¥ IY)19 ITR Slgned ￿ behdf rf the TrusLees.' GA: L262904L E Indepandent Examlner's Report to the Truslees of Countess of Derby's Almshouses CIO Independent examlnefs report to the trusteas of Countess of Darfjy's Almshouse3 CIO report lo the charity Iruslees on my examination of the accounts of CAJUrte88 of Derby's Amshouses CIO {the Trusll forthe year ended 31st March 2024. Responsibilities and basls of report A8 the ch2rSty trusteeg of the Twst you are responsibte fcff the preparation of the accounts in actordance wth the requirements of the Charltles Act 2011 Ilhe Acr). I report in respect of my exominalion of the Twst's aceounls eanied out under section 145 of the Act and in carrying out my examlnation I have followed all ap￿1¢able DweclK)ns gEven by the Charity Commission under sectr'on 145(5)Ibl of the Act. Independent examinèrfs statement I have Completed my examination. I confimi thal no malerial matters have come lo my attention in connection with the examination giviw me cause to believe Ihat in any material reSF￿.. accounting records were not kept in respect of the Tru51 as wuired by section 130 of the Act., or 2. the ac¢ounls do not aC￿lj wilh thoso records; 3. the accounts do not comply with the a￿lGable requirements conceming the form and conlenl of accounts set out in the Charities {Accounls and Reports) Regulat￿n$ 2008 other than any requirement that the aGcounls give a true and fair Is not a matter consldered as part of an independent examination. I confirrn that there are no other matters to whlth your attention 5hoLld te thawn lo ÈnAble 2 proper understsnding of the accounts to be reache(l. Paul Wright FCA DC Sheen Slickland Chartered Accounlanls 7 Ea51 Pallanl Chichester West Sussex POI9 1TR C41.. 126291Ml I TU11140VEIL' Inwm¢'. Contritrwtir>n5 from rr5hknts: 89,599 17.0 82,659 18,080 Grants 106,679 I￿,739 106,679 100,739 I)PEAATIN6 EXPENDITIIRI (26,935) {31,2231 Managunent Day to day malnt¢nance Cydlcal mèlrtenorKe 148,LWI I2B,8751 {22,3X¢) OPERhTIMG WRPLUS 3,121 GainsiLtWS W)vesbments rere5t recelvatjle kn[(￿e Irttertst pèyjbk and s*b*r thary 17.8NI 11,414 11,2X)I 13,116 12271 SURPLIIS IS.$93 5,SAI TofAL COMPReNENSIVF INCO4IE FOR THI YEAR The c¢￿Thre5$ of L)erby's ￿m$hOUSe$ CIO has Thit acqulred u dISt￿Y￿ue￿ arry fundementsl activlles tJurfrKJ the a￿Jve year> AppF¢)v¢d iiy the TntstQQS On.......... ...__.......... behDif by.. J_ ￿.&￿3 (rru#eel lliese S￿￿)￿t$ ha￿ l)een prrpBrcd aC(thaTr￿ ￿tti ihe &at•nent of RItsynm￿.d Fra￿Ce frx Sc•Jal H¢x*iny Prthldet¥ 2018, and w¢th tho DIre£t1￿ RèJtst¥&l of *krAJillg ITI Engtsnd 2022. and ft￿￿¢10n Trt ealwo at I Ilwl 2023 611.070 153,453 764.523 Ststema* ol 15.593 15,593 Transf•s IY.3681 619 295 ￿21 780116 prxeD ASSErs H{￿￿￿9 rwrtSes 424.?.57 424,257 424,?57 Tnwstmrfflty at rnar1￿t vthe 333.306 313,289 ?57.563 737,546 CiIEtREMf ASSETS Cash al bank and hand 27￿41 27,641 45,1 Less CREOITORS: Ar￿￿S fanlng due *lthln year 15,LWI (18.2201 NÉY CURREfff ASSEf5 21553 26.976 TOTAL 15SETS LESS CURRfrrt LXAOILXTtES 7BO,L16 764,523 hr11￿￿￿ falllng t1ue allw nwe thJn ￿ y& Ai TOTAL NET ASSE15 780.116 764.523 RESERVES In0￿* 4￿1 txpethyiwr¢ reseThe vestmefftt maluatlon r£serwe 619295 Ir>O021 611070 153,4S3 780,116 764,523 Yoved by the Tru#ees M ._..... ...... . _....... behalf by: . HFKI *ned thetr (TntstL¥I Thexe staterneTrts have I)￿ prepbred kn acewdanco wlth tbe Statemert of F*acilce ￿81 No￿1ng Pruv¥Jet5 2018. wlth the AC￿ntIng IOT ￿•¢¢ RtsJbsityod FYavKler5 of In EnalanJ 2021. CASH FLOW sfA7eMw4T RECONCIUATJON OF Nky Thcome TO NET CASH FLOW VROM OPERATING ACTIVrnPS Net Income trth¢ re￿I1￿j Per￿ {as per ihe stathmerf dI￿n￿OI acu￿1 15.593 5.511 on IrA￿st￿ts Interest rLxd¥ed Rentsl Income Invesbmert irthne JncreasellDe£msel In IlncYea%ol In dL*tors 17,J681 125111 1106,6791 {12,B5¥) 113.132) ?￿05 12U41 I1￿.739) (11,2JOI 5,537 Met uah pr¢nrydcd by lth) *)P•rntlfvo athlt 114 701 93 00 Cash ynwat¢d fmm {124.7021 I93,3￿) Nqt <86h pro¥lded by l*) opw•tth• x*l¥lt•s (IZ4,701) {93WIQ) sh flowm from iThv*#ln• actl¥lt••: Intetost rttel¥oO Aonts InvestfftÈrt I￿ornE 258 106.679 12,858 112,649) 204 IIX).739 110,9991 Plét by (used In) Invo•tin• •¢tMte• 101.154 Cosh now• from Ilnik a¢ll¥l¥e Rq)iTryI￿nUÉ d ￿lty￿#jIrrfJ IID.4181 Net c48h yro%idqd by (#sed xll IJO,4181 In the Imfestment reseNe. Orltynal c051 r4 in¥esFJrnTrts Is di*bsed kn Ihe mtes to the flmnc*l 5t&ements. Interest on them)rt08oÈ ade*￿￿nt Lscapltallxd w>tothedatsrf uxnpktic of thè s¢J)eme. tydlcal Rep8lrs alld MalThtenao C￿￿esS c* cwby'g A*￿h￿Se$ ha5 establ15￿ a re9ular cycltd repalrs arb malnta7ano. are thiryed to the Inc¢Th arnl Ex￿￿lItUre Account In the year In wttlch Ihey dre Incvrred. extraordlnary Rep4lrs Inoxme and Exktndkntc k(wit In the yair In wNrh they are 1rojn￿. Value Added T4x". eujntess of Dertys 15 regl#ereLI fw Value Ad(￿ Thx. In lthese ffnBnthl st&emnts. T￿ere ap[4￿lAc. cxpendittire 15 sho¥m Inthslve ofvAT. Appo￿0￿￿•nt ol FlnanLt and ￿m￿l$tra￿an £osts are aPFKrUcwJ and SetrV￿ costs on the bas15 that 50% of the FIwbNKf al￿ Adftwtilsir311crfb Cost5 altslbutbtle to sav￿ C(th the ba￿lice to manageffl￿11. esbfjctEd fu￿5 only be used for p3rthyJlar rests1da1 wthln c*ttS cl the charlty. Re5trtc1U￿ artse *then spedfknl by the ￿C￿ryTHhem furKIs0￿ rdsej fryparth)Jl8rrestrfcta1 wrsxJs&& TrUSIEES' EMQLIWEpns Ilo Tru*ees any renKvrathM or twflts ftr the >wren￿ JI Mar(h 2024 ￿r for the year erKIpAI 31 Mard) 2023. GA: 1262Wi_I INTeRW RetrivABiE Al*• OTHEk fH¢op4E Bafik deposlt Interest J*wtsTment l•cnm 204 11.210 12,858 13.116 IIM14 EKfEREsf PAYABLE AND SIMZLAR C*IARGES On loDns vthdty or part￿ repayabk In than fve yeats 227 1.220 Thls Is altLrchHrgiw: IAdepetht Examknrt re 2.520 2,520 2,520 2.520 6. STAFF COSTS WapE5 and salar￿$ 12,369 11,529 12369 11,529 Avorjp ntsmberd srarr: -li- ATQM TAXATION The Counte55 or rJortTry's AknshrAl￿ rtts is a regirtered charliy and Is exenwt f¥th Il•bUitY to raxaton on tts and Cap￿1 Galns. . FJxeD A5SEfs HIXISING PRopeRTXES Cost.. At 16t ￿1 2023 31st Mavth 2024 424,257 424,257 . DwtSYMEfiTS Markrt Wdlue of UK th¥esFThents rowhr f￿￿4rd Ac£wnulotod dlvldeTrd5 UnreaIlv￿ ￿l￿11rdse5I 313.289 12,649 7?68 310,094 LO,999 17,804} ma￿et Val￿ of Investswts at 31st 2024 333,3fhS 373,?e9 The histarical of the Iiivestmwts h&J ts Ell.364 {2023: £11,364). A nwedot*d aDotys15 or¢￿ thm tnve51monts hold be ltyJThJ ￿ page l? a¢¢