Charfty Rè*trnt*)n No. 1185571
TrIE PRICEHOLMETRUST ao
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMEMfs
FOR THE YEAR ENDED 31 MARCH 2024
BUSINESS
ADVISORS
bNfAp4rs
One Bell Lane
Lewes
East Sussex
BN7 IJU

THE PRICEHOLME TRUST ao
CONTENTS
Company information
Tlusiees, report
Independent examinerfs report
ststement of financial acknvits'es
Balance Sheet
Notes to the finèncial staternents
9-22

THE PRICEHOLME TRUST ao
COMPANY INFORMATION
Trustees
Mr T Dennis (Chairman)
Mrs S Karle
Mrs A Hackett
Mrs S Baker
Mr P Lewis
Mrs A Tweddle
(Appointed 15 December
20231
Charlty number
1185571
Independent èxaminer
TC Group
One Bell Lane
Lewes
East Sussex
BN7 UU
Bankers
Handlesbanken
21 Perrymount Road
Haywards Heath
RH16 3TP
Solldto
Coole Bevis LLP
Lanes End House
15 Prince Albert Street
B¥ighton
BNI IHY

THE PRICEHOLME TRusr cio
TRUSTEES, REPORT
FOR THE YEAR ENDED31 MARCH2024
The Trustees present their annual report and linancial statements for the year ended 31 March 2024.
The financial ststements have been prepared in accordance with the accounting polities set out in note I to the
financial staiements and comply with the charity's conskntution, the Charities Act 2011 and "Accounting and
Reporting by Charities." Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Repo¢tinE Standard applicable in the UK and ftepublic of Ireland IFRS
1021" (effective l January 20191.
Objectives and artl¥ities
The Trustees aim to maintsin Priceholme for the benelit of the residents in accordance ￿th the terms of the
Charity's Constitu￿on. The Trustees do not call upon public funds and all expenses are met from Trust monies.
Priceholme provide5 sheltered accommodatlon in 12 double and 10 single ground floor flatg.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the
charity should undertake.
Achièvements and performance
The Bungalow continue5 to be let at a commerclal rent providing a useful Source of income.
Health and Safety
Health and safety and welfare issues were regulady discussed at meetings ol the Residents, Weltdre Cornrnittee
nd Board of Trustees. Our policy remain5 in place and is constsntly under review.
Our Protechon of Vulnerable Adults and Safe8uarding Policy is also undef constant ieview.
Refu￿]Shment
During the year re-roolin8 was undertaken on one ran8e of the roof. One flat was refurbished. and parbal
refurbishment work was undertaken on two others.
Decarbwlsatlon
The Trustee5 continued the rewew of energy use at Pyiceholme, which will be exte￿ed to create a long term
DecarboniSa￿0n Plan. This prtstÈss will be ongoing for some years.

THE PRICEHOLME TRUST CIO
TRUSTEE5' REPORT ICONTINUED)
FOR THE YEAR ENDEO 31 MARCH2024
RdÈs and Rewlatlons
The Trustees comply with the current 8uidance of the Almshouse Association and other contemporarystandards.
In accordan￿ with such guidance thè following polic¥es and procedures We￿ revised and updated duV￿g the
vear..
POVA & Safeguarding.. Health & Safety,. Equality & Diversity.. Complaint5,. Application Forms for potential residents,.
Independent Living; Temis and Conditions of Residence.
The Residenw Risk Assessment que￿FonnaireS have been reviewed with the help of the Scheme Manager and a
Trustee for those residents whose circumslances ha￿ changed. This has enabled appropriate services being
arran8ed where necessary. All new residents complete a Risk Assessment questionnaire.
All new fesidents are also supplied with the Priceholme Residents. Handbook. It includes all the above policie5
and extended advice and information to enhan￿ the resident5, quality of life at Priceholme. The handbook forms
part of a resident's contract with the Trust and supplements the terms and condiuons set out in the letter of
appolntment.
It Con￿nueS to be the trustee￿ objective to make relewdnt and appropriats training available to the Manager.
Hnancial re¥iLIW
The Trustees aim to ensu￿ the Trust is self financing for the long term.
The current account in normal years is planned to provide a small surplus to add to capital to he(Èe against large
costs without drawing down on the investment portfolio.
In 202312024 the operating deficit was £40.730 before taking in to account the overall loss on the investment
portfolio of £1,465.
The value of the endowed investrnents ha5 increased by £13,491 with income 8enerated of £5.707. The trustfund
will continue to be managed by the asset managers. Handelsbanken Wealth & Asset Management.
ReseNes
The Extraordinary Repair and Cyclical Maintenance Funds continue to be reviewed each year, and transfers are
made to cover the antfcipated costs of medium and long temi ￿paIrS and replacements.
The Tnjstees have also reviewed the unrestricted reserves held by the Trust. The £290.132 include5 £176.885 in
Investments making the free reserve immediately available £113,247 Isee note 181. The Trustees consider that
thi5 level is adequats to Safeguard the a£ti*ities of the Trust while also acting as secuiity should the designated
fvnds prove inadequate.
Impalrment/Deprèciatlon
The Trustees conducted an Impairment Review. The valuation of buildings at Priceholme undertaken tw RH and
RW autton in October 2021 and then revised in March 2023. The Board consider thi5 waluation to stil be
reflective of the cUr￿nt Wdlue of the property.

THE PRICEHOLME TRUST ao
TRUSTEES, REPORT {CONTINUEO)
FOR THE YEAR ENDED 31 MARCH 2024
R15k a55essment
The Trustees and Management Committee have considered the risks to the charity under three headinB5.'
property, finance and personnel. The results are reported above in the reviews of athvthes and h"nancial postti"on.
The Trustees are committed to keeping these issue5 under constant review and identifying any other p￿ential
nsks to the structure. tinancial position or health and safety of residents, visitors and stsff.
Structure. governance and management
The charity was established by a charitable trust deed dated 16 February 1959. The conversion of the Priceholme
Trust to a Charitable Incorporated Organisation I￿gIStered by the Chartty Commisston on l October 3)19= CC
number 11857711 was completed on l April 2020.
The Trustees who seryed during the year and up to the date of signature of the financial statements were..
Mf A Cupp38e
IResi8ned 31 December 20231
Mr T Dennis IChaTrrmanl
Mrs S Karle
Mrs A Hackett
S 8aker
Mr P Lewis
MYS A Tweddle
(Appointed 15 December 20231
The organisational structure of Priceholme consists of 3 Board ol Trustees and a Residents, Wellbeing Committee
of which the members (except lor the Scheme Manager. belowl are volurkteers. Routine administration is
conducted by professional manaBinÈ agents who are represented at Trustees, quarterly and annual meetings and
report to the Trustees.
The Scheme Manager works 18 hours per week with an option to do extra hours if the restdents. nee& ￿￿rrafit it.
She is a member ofthe Residents. Wellbelng Committee aftd attends Trustees, meetings as required.
Trustees are selected for their background in suitsble area5 of administration, management, welfare and finance
and a￿ apptsinted by the Board ofTrustees.
Related Parties
The charity has no related parties.
On bèhalf of the Board of Trustees
Mr T Dennis Ichèirrnanl
Trustee

THE PRICEHOLME TRUST CIO
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE PRICEHOLME TRUST CIO
I report to the Trustees on my examlnation of the thnancial statements of The PrI￿hOlMe Trust cio (the charity)
for the year ended 31 March 2024.
ResponslbllltlÈs and basis of report
As the Trustees of the ch3rity you are responsible for the preparation of the financial statements in accordance
with the requirements of the Charities Act 2011 (the 2011 Art).
I report in respect of my examina￿On of the charity's financial statements carried out under sethon 145 of the
2011 Act. In carrying out rny examinats'on I have followed all the applicable Dirertions given by the Charity
Commission under section 14515llbl of the 2011 Act.
Independent examlner's statement
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with
Accounting and Reporting by Charities preparing thelT accounts in accordante with the Financial Rewknng
Standard applicab5e in the UK and Republie of Ireland IFAS 1021 in preference to the Accounting and Reporting by
Charities.. Statement of Recommended Practice issued on l April 2LXJ5 which is referred to in the eXt￿t
regulations but has now been withdrawn.
l understand that this has been done in order for linancial ststements to provide a true and fair view in
accordance with Generally Accepted Accounting Practice effecLive for reporting period5 beginnin8 on or 3ftÈr I
january 2015.
I have completed my examination. I confirm that no matters have come to rny attention in connection with the
examination giving me cause to believe that in any material respect..
accounting Tecords were not kept in respect of the charity as required by section 130 of the 2011Act.' or
the financial statements do not accord with those records; or
the financial statements do not comply with the applicable requirements concerning the fom) and content of
account5 Set out in the Charities (Accounts and Reports) Regulat5ons 2008 other than any ￿quIreMentthat
the accounts glve a true and fair view which is not a matter considered as part of an independeni
examination.
I have no concerns and have come across no other matters Sn connection wlth the examination to whrh attention
should be drawn in this report in order to enable a proper understanding of the financial ststements to be
reached.
TC Group
One Bell Lane
Lewes
East Sussex
BN7 IJU

THE PRICEHOLME TRUST CIO
STATEMENT OF FINANCIAL AcTIV￿lEs
FOR THE YEAR ENDED31 MARCH2024
Current flnancial ￿ar
Unrestrlcted Unrestrlded Endowrnent
funds
fund5
fund5
general
desl8nated
2024
Total
Total
2024
2024
2023
Inwme and endowments from:
Charitable activities
Investments
Other income
124,268
19.987
6,194
124,268
25,694
6,194
112,653
23,382
1,665
5,707
Totsl income and
endowments
150,449
5,707
156.156
137,700
Expendlture on:
Charitable activities
135,257
61.626
196,883
99,205
Totsl expendlture
135,257
61,626
196,883
99,205
Net 8ains/llossesl on
investments
19,2491
7,784
11.4651
139,6071
Net Incomellexpenditurt}
5.943
161,6261
13,491
142,1921
11,1121
Other reco8nlsed gains and
1055e5.'
Revaluation of tangible fixed
assets
15,000
Net movement In fub)ds
5.943
161,6261
13.491
142,1921
13,888
Reconciliation of funds:
Fund balances at l April 2023
284,189
101,848
1.846.087
2.232,124
2,218,236
Fund balances at 31 Marth 2024
290.132
40,222
L859.578
2.189.932
2,232,124

THE PRICEHOLME TRUST CIO
STATEMENT OF FINANCIAL ACtIVlTIE5 (CONTINUED)
FOR ThTE YEAR ENDED3J MARCH2024
Pr40r finandalyear
Unrestricted Unrestricted Endowment
funds
funds
funfls
Benèral
desl8nated
2023
2023
Total
2023
2023
Income and endowments frryn:
Charitable acknwties
112,653
18.998
1.665
112,653
23.382
1,665
Investments
4.384
Other income
Total Incom• and •ndowments
133316
4,384
137,700
Expendlture on..
Charitable activities
93.229
5.976
99,205
Total expendlture
93,229
5.976
99,205
Net 8ainslllossesl on investments
111,9511
127.6561
139,6071
Net intomellexpendlture)
28,136
15,9761
123.2721
11,1121
Other rÈwgnised gains and losses..
Revaluation of tangible thxed assets
15,000
15.LKIO
Net movemènt In ftsnds
28.136
15,9761
18,2721
13,888
ReconclllatSon of funds..
Fund balances at l April 2022
256.053
107.824
1.854,359
2,218,236
Fund balances at 31 Marth 2023
284,189
101.848
1.846.087
2,232,124

THE PRICEHOLME TRUST CIO
BALANCE SHE
AsAf31 MARCH2024
2024
2023
Notes
Fixed 3s5ets
Tangible assets
Inve5tment5
li
12
1,610.000
527.965
1,610,000
521.550
2.137,965
2.131,550
Current assets
Debtors
Cash at bank and in hand
13
3.645
60.613
4.685
111.217
64,258
115.902
Credltor5: amounts fallln8 due wlthln
one year
112,2911
115.3281
Net current assets
51.%7
100,574
Total assets les5 current Ilabilities
2.189,932
2.232,124
Capital fund5
Expendable endowment
1,859,578
IW6.087
Incomè fund5
Unrestricted funds-
General unrestricted funds
17
40,222
290,132
101.848
284.189
2,189,932
2,232.124
The accounts were approved by the Trustees on
MrT Dennis (Chairman)
Trustee

THE PRICEHOLME TRUST CIO
NOTES TO THE FINANCIAL STATEMENTS
FOR Tr1£ YEARENDED31 MARCH2024
Attounting pollcie5
Charlty Infom1atlon
The Priceholme Trust is a Chartsble Organisation established by a chaTltable trust deed dated 16 February
1959. The registered charity number is 231406. The registered address 15 Townhouse, Church Lane, Ardingly,
West Sussex. RH17 6UR.
1.1 AccountfnB convention
The financial statefflents have been prepared in accordance with the charTrty's constitution, the Charities Act
2011. FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" I"FRS 102.1
and the Charitie5 SORP "Accountr'ng and Reporting by Charitie5.' Statement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021" leflective l October 20191. The charity Is a Publlc
Benefit Entrty as delined by FRS 102.
The tharity has taken advantage of the provisions in the SORP for eharit5es not to prepare a Statement of
Cash Flows.
The accounts have departed frorn the Charities (Accounts and Reports) Regulations 2008 only to the extent
required to Provide a trve and fair view. Thi5 dep3rture has involved following the Slatement of
Recommended Practice foT charities applying FRS 102 rather than the version of the Statement ol
Recommended Practice which is ￿ferred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterlin& whlch is the functional currency of the charity. Monetary
amounts in these hnancial statements are rounded to the nearest £.
The linancial statement5 have been prepared under the hlstorlcal c05t convention, modifted to include the
revaluation ol freehold properries and to include investment properties and certain financial instruments at
fair value. The principal accounting policies adopted are set out below.
1.2 Charitable funds
The charity has a single permanent endowment whith provides for the Trustees to in¥est the capital in
perpetuity and 15 now man3ged on 3 total return basis. The Trustee5 at their discretion may allocate any part
of the unapplied total return to the general PUfP05e5 of the Twst, namely to maintain Priceholrne for the
benefit of the residents in accordance with the Trust Deeds.
Restricted funds are funds which are to be used In accordan￿ with spe¢ith¢ restrictions imposed by the
donor orTrust Deed.
Unrestri¢ted income funds comprrse those funds which the Trustees are free to use for any purpose in
furtherance of the chaTitsble objects. Unrestricted funds include designated funds where the Trustees, at
their dlsuetion, have created a fund for a speeilic purpose.
Further details of each fund are disclosed in the notes to the actounts.

THE PRICEHOLME TRUST CIO
NOTES TO YHE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED3J MARCH2024
Accounting polidts
Icontlnutdl
1.3 Income
All income is recognised once the charty ha5 entitlement to the income, there is suflicient tertainty or
recelpt and so it is probable that the income will be received. and the amount of income receivable can be
easured Teliably.
Donations, are recognised when tomrnunication is received in writing with notificatio¢7 of both the amount
and settlement date. In the event that a donation is subject to conditions that require a level of perforrnan
before the charity is entitled to the funds, the income is deferred and not iecognised elther those
conditions are fully met. or the fulfilment of those Condi￿On$ is wholly within the control of the charity and
Ft is probable that those condiifons will be fulFilled in the reporting period.
Legacy 8ift5 are recognised on a case by case basi5 following the granting of probate when the admSnistrator/
executor for the estate has communicated in writing both the amount and settlernent date. In the event that
the gift 15 in the form of an asset other thèn cash or a financial asset traded on a recognised stock exchange,
recognition is subject to the value of the gift being measured reliably with a degree of reasonable accuracy
and the title to the asset has been transferred to the charity.
Interest on funds held on deposit is included upon notification of the interest paid or payable by the Bank.
Dividends are recognised once the dividend has been declared and notification has been received of the
dividend due.
L4 Expènd￿ur¢
Expenditure 15 recogn(sed once there is a legal or constructfve obligatlon to transfer Èconomic ￿￿etit to
third party, it is probable that 8 transfer of economic benefits will be required in settlement, andthe amount
of thè obligation can be measured reliablv.
Expendlture 15 classilied by activity. The costs of each activity are made up of the total of dir&t Costs and
shared costs, tncluding support costs involved in undertaking each activlty. Direct costs attributaLle to a
single activity arè allocated dirertly to that activity. Shared costs which contribute to more than one aciivity
and support costs which are not attributable to a single activity are apportioned between those athibes on
a basis tonsistent with the use of resources. Central staff costs are allocated on the basis of time spent. and
depreciation charges are allocated on the portion of the a5set'5 use.
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligatign commitbng the
charity to that expenditure. it is probable that settlement will be required and theamount of the obligation
can be measured reliably.
AJI expenditure is accounted for on an accruals basis. All expenses, including support costs and governan
costs, are allocated or apportioned ts) the applicable expenditure headings in the ststement of financial
attivities.
10

THE PRICEHOLME TRUST CIO
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED31 MARCH2024
untlng policiÈ5
Iconthiued)
1.5 Tangible fixed assets
Tangible tixed assets are lnitra1￿ measured at cost and Subsequent￿ measured at C05t or valuation, net of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valtsation of assets less their residual values over
their useful Itve5 on the following bases..
Land and buildings
1% strèight line
Freehold land is not depreciated.
The gain or loss arising on the disposal ol an asset is determined as the difference between the sale
proceeds and the cèrrying value of the asset, and is recogni5ed in ihe ststernent of financial activitses.
Impairnient revlew
The Trustees have carried ovt an impairment review of the valuation of land and buildings. In their opinion
the market value of land and buildings is not less than the carrying value. Consequently, no charge for
depreciation has been made.
1.6 Fixed asset investment5
Investments are initially recogni5ed at their t￿nsaCtiOn value and subsequently measured at their market
value ￿ at the balance sheet date uslng the closing quoted market price. The statement of financial
a¢bvities includes the galns and1055es artsing on revaluatr.on and disp05als throughout the year.
The Trust does not acquire or use put option5, derivatives or other complex h"nancial instruments.
All 8ains and losses a￿ taken to the statement of financial activities as ihey arise. Realised gains and losses
on investments are calculated as the difference between sale5 proceeds and their opening carrying value or
their purchase value if acquired subsequent to the first day of the financial year.
Unrealised gains and losses are calculated as the difference between the falr value at the yeèr end and their
carrying valvè. Realised and unrealised investment gains and 1055e5 are combined in the Statement of
Financial Activth"es.
1.7 Impairment of fixed assets
At each reptsrknng end date. the charity reviews the earrying amounts of its tangible assets to detemiine
whether there is any indicatfon that those assets have suffered an impairment loss. If any such indication
exists, the recoverable amount of the asset is estimated In order to determine the extent of the ImkBirment
1055 lif anvl.
1.8 Cash and cash equ￿alentS
Cash and cash equivalents include cash in hand, deposits held at call with banks, other 5hort-term liquid
investments with original matuiities of three rnonths or le55, and bank overdrafts. Bank overdrafts are
show4) within boYFowing5 in current liabilitie5.
11

THE PRICEHOLME TRUST CIO
NOTES TO THE FINANCIAL STATEMEN75 ICONTINUEDI
FOR THE YEAR ENDED31 MARCH2024
Accounttng policie5
Icorrtlnuedl
1.9 Flnancial Instruments
The charity has elected to apply the provislons of Seclion 11 'Baslc Financial Instruments. and Seclion 12
'Other Financial Instruments Issues. of FRS 102 to all of its fi'Tbancial instruments.
Financlal Instiumenls are recognlsed in the charity's balance Sheet when the tharity becomes party to ihe
coniractual provisions of the instrument.
Financial assets and liabilitie5 are offset. with the net amounts presented in the financial statements. when
there is a legally enforceable right to Set off the recognised amounts and there Is an intention tosettle on a
net basi5 or to reali5e the asset and settle the liability simultaneousSv.
Basicfinonciolassets
Basic ftnancial assets, which include debtors and cash and bank balances, are initially measured
transaction price including transaction cost5 and are subsequently carried at amorhsed cost usin8 the
effective interest method unless the arr3ngement constitutes a linancing transactr"on, where the transaction
is measured at the present value of the fuiuie receipts discounted at a market rale of interest. Financial
assets clas5ilied as receivable within one year are not amorrised.
Basicfinonclol Ilubilities
Basic financial liabilities, including creditors and bank loans are initially recognised at iransactron price unle55
the arrangement constytutes a financin8 transaction, where the debt instrument is measured at the present
value of the future payments discounted at a ma¥ket rate of interest. Financial liabilsties classilied a5 payable
within one year are not 3mortised.
Debt instruments are subsequently carrled at amorb5ed cost, using the effective interest rate method.
Tiade creditors are obligations to pay for good5 OT services that have been acquired in the Ordin￿ tourse of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are reco8nised initially at
transattion price and subsequently measured at amortised cost Usin8 the effective interest method.
Dereco9nlilon offinancialliabilitles
Financial liabilities are deretognised when the charity's contractual obligations expire or are discharged or
cancelled.
1.10 Employee benefits
The cost of any unused holiday entiilement is recognised in the period in which the employee's seryices are
received.
Termination benefits are recognised immediately as an expense when the charity is dem0Th5trabty
comrnitted to te¥minate the employrnent of an employee or to provide termination beneilts.
1.11 Retlremert btneffts
Payments to defined contribution retirement benetht scheme5 are charged as an expense as they falldue.
12-

THE PRICEHOLME TRUST CIO
NOTES TO THE FINANCIAL STATEMENT5 ICONTINUEDI
FOR THE YEAR ENDE031 MARCH 2024
Accounting pollcles
IContsnued}
1.12 Debtors
Trade and other debtor5 are reco8nised at the settlement amount due after any trdde discount offered.
Prepayments are valued ar the amount prepaid after taking account of anytrade discounts due.
1.13 Credltors
Creditors and provisions are reco8nised where the charity has a pre5eni obligation resutting from a past
event that will probably result in the transfer of funds to a third party and the amount due to settle the
obligaiTon ean be measured or esrimated reliably. Creditors and provisions are normally recognised at their
settlement amount after allowing for any trade discounts due.
Intome from charftsble actlvbtTrès
Unrestricted
funds
2024
Unrestricted
fvnds
2023
Malntenance chargè
S31e of goods
110.348
101.966
Electricty
Sale of goods
9.965
6,569
Washer dryer
Sale of goods
3,892
4,013
TV license fees
Sale of goods
63
105
124,268
112,653
13-

THE PRICEHOIME TRUST CIO
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED31 MARCII 2024
Income from investments
Unrestricted Endowment
funds
funds
2024
2024
Total Unrestrlcted Endowmefit
tunds
funds
2023
2023
Totsl
2024
2023
Rental income
Intome from listed
investments
Interest receivable
17,199
17,199
17.880
17.880
2.173
615
5,707
7.880
615
1,108
io
4.384
5.492
ID
19.987
5,707
25,694
18.998
4,384
23.382
(Xher Income
Unrestricted Unrestritted
funds
funds
2024
2023
Miseellaneous income
6.194
1.665
14-

THE PRICEHOLME TRUST CIO
NOTE5 TO THE FINANCIALSTATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH2024
Expendlture on charitable actlvltles
Headlng
#ac982
Headlng
#ac982
2023
2024
llirect Costs
staff costs
Residents wellbeing
Insurance
Rates and water
Gardening
Light and heat
Cleaning
Alarm rental
Telephone
Management fee5
Subscriptions
Sundry expenses
Ordinary repaits and maintenance
Cyclical repairs and extraordinary maintena¢e
Other charitable expenditure
19,875
19,093
390
3,160
3,614
5,963
10,438
610
195
729
16.544
240
3.609
3.226
5.349
14,528
341
294
674
16.507
470
11,212
9,957
106,588
58
972
15.807
16.649
192.688
94.404
Share of support and governance costs (see notè 61
Governance
4.195
4,801
196.883
99,205
Analysis by fund
Unrestricted funds- general
Unrestricted funds- designated
135,257
61.626
93,229
5,976
196,883
99,205
t5-

THE PRICEHOLME TRUST CIO
NOTES TO THE FINANCIAL STATEMENT5 ICONTINVEDI
FOR THE YEAR ENDED 31 MARCH 2024
6overna¢Ke
costs
2024
2023
Accounts preparation
Bank charges
3.780
415
3.780
415
4.530
271
4.195
4,195
4,801
Analysed between
Charitable activities
4,195
4,195
4.801
Trustees
None of the Trustees lor any persons connected with thernl received any remuneration during the year.
Trustees were relmbursed expenses amounting to £nil12023- Enill in their Capacity a5 Trustee.
Employee5
The average monthly number ol employees during the year was..
2024
Number
2023
Number
Scheme manager
Employment costs
2024
2023
Wage5 and salaries
Social security costs
Other pension costs
16,484
2,032
910
16.158
2.045
890
19,875
19.093
There were no employees whose ènnual remuneration was more than £60,000.
16-

THE PRICEHOLME TRUST CIO
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED31 MARCH2024
Employees
lconlin￿1l
Remuneration of key management personnel
The remunention of key management personnel was as follows..
2024
2023
Aggre8ate compensatfon
19.875
19.093
17-

THE PRICEHOLME TRUST CIO
NOTES TO THE FINANCIALSTATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 MARCII 2024
Net fdinslllossesl on Investments
Unrestslcted Endowment
funds
funds
general
2024
Total Unrestricted Endowment
funds
fund5
general
2023
Total
2024
2024
2023
2023
Revaluètion of
investments
19,2491
7.784
11,4651
111.9511
127.6561
139,6071
10 Tuatlon
The charity is exempt from tsx on income and 8ains falling within section $05 of the Taxes Act L988 or
section 252 of the Taxatr'on ol Chargeèble Gains Act 1992 to Ihe extent that these are applial to its
charitable objects.
11 TznKible fixed assets
Land and buSldln8S
Cost
At l Aprll 2023
1,610,000
At 31 Mafch 2024
1,610,000
At 31 March 2024
Carryln8 amount
At 31 March 2024
1.610.000
At 31 March 2023
1.610,000
The freehold property was valued by RH & RW Clutton at 31 March 2023 and the Board deem this valuation
to still be appropriate.
18

THE PRICEHOLME TRUST CIO
NOTES TO THE FINANCIALSTATEMENTS ICONTINUEDI
FOR THE YEAR EPIDED 31 MARCH2024
12 Flxèd a55et irNestments
Listed
In%wtments
Cost or valuathon
At l April 2023
Additions
Valuation changes
521,550
7,880
11,4651
At 31 March 2024
527,965
Carrying amount
At 31 March 2024
527,965
At 31 March 2023
521.550
Flxed 355et investments revaluèd
The historical cost wdlue of the investments is £462,664.
Debtors
2024
2023
Amounts fallin¥ due wlthln one year:
Trade debtors
Other debtors
Prepayments and accrued income
1,9%
3.568
1.117
3,645
4,685
14 Credltors: amounts falllng duè within one year
2024
2023
Trade creditors
Other creditor5
Accruals and deferred income
2,714
41
2.336
2,321
10.671
9.536
12.291
15,328
19-

THE PRICEHOLME TRUST CIO
NOIES TO THE FINANCIAL STATEMENTS ICONYINUEDI
FOR IHE YEAR ENO£D31 MARCH 2024
15 Retlrement benefft sthemes
2024
2023
Defined contrlljution stheme5
Charge to profil or loss in respect of defined contribution schemes
910
890
The charity operate5 a defined contribucron pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the charity in an independently adMiniste￿d fund.
16 Endowment fvnds
The permanent endowment consists of the original trust capital settled by Sir Henry Piice in 1959. The gift
was given on condits'on ihat it Is held as permènent endowment, the income from which is freely available to
fvnd the activities of the charity.
At l April 2023
Incomlng
resources
Galns and At 31 March
losses
2024
Expendable èndowments
Endowment fund
1,846,087
5.707
7,784
1.859.578
P￿vIOuS year.
At l April 2022
Incomlng
re50urce5
Galns and At 31 March
losses
2023
Expendable endowments
Endowment fund
1,854,359
4.384
112,6561
1,846,087
-20-

THE PRICEHOLME TRUST CIO
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED31 MARCH 2024
17 Desi8nated funds
The income funds of the charity include the following designated funds whl¢h have been Set aside out of
unrestricted funds by the Érustees for specifie purposes=
Extraordinary repair fund- This fund was established to PTovide a reserye to meet the costs of extraordinary
repairs, improvements or the rebuilding of Priceholme and is also funded by transfers from income
accounts.
Movement in
funds
Inwml
Balance Bt
A￿Ourtt5
expefided 31 M•Kh1024
IApfil 2022
Extraordinary repair fund
107,824
15.9761
101,848
161,6261
40,222
Anatysis of net assets bttwèÈn funds
Unrestricted Unrestrirted Endowment
funds
fvnds
fvDd$
general
designated
2024
2024
Total
2024
2024
At 31 March 2024:
Tangible assets
Investments
CL¥rrent assetsllliabilitiesl
i.sio,000
249.578
1,610.000
527.965
51.967
238.165
51.967
40,222
290,132
40,222
1.859,578
2.189.932
Unrestrlcted Unrestrlcted Endowmènt
funds
lunds
funds
general
desl8nated
2023
2023
Total
2023
2023
At 31 Marth 2023:
Tangible assets
Investments
Current assetsllliabi1￿eS1
1.610.000
236.087
1,610,000
521,550
100,574
183,615
100.574
101,848
284.189
101,848
1,846.087
2,232,124
21

THE PRICEHOLME TRUST CIO
NOTES TO THE FSNANCIALSTATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH2024
19 Related party transactlons
There wefe no disclosable related party transacknofts during the year12023- none).
-22-