Charity registration number. 1185634 The Kendal Charity For The Aged And Infirm Annual Report and Financial Statements for Ihe Year Ended 30 November 2025
The Kendal Charity For The Aged And Infirm Contents (continued) Refer Almirtisbaive l)eials Tntee5, ReFXXt 2to6 Siatsment of Trustees. ReskKJnsitslilies IndeFerthii Examinerfs ReEKWt 9tolO Balanca Sheei 11 Notes to the Financial Statem 12to20
The Kendal Charity For The Aged And Infirm Reference and Administrative Details Trustees A Nelson, Chair P E Ball, Vice Chair J G Stewart. Treasurer M Walting. Secretary S Mitchell R Pealing G S Walilng 1185634 ChaTIty Reglstrallon Numb8r Prlnclp81 Offic 115 Stainbank Road Kendal LA9 5DH Independent Examlner Sbles Thompson 8 8risco8 Chartered Accountants & Statyiory ALKlltors Lowther House Lowther Street Kendal L49 4DX Page 1
The Kendal Charity For The Aged And Infimi Twstees. Rep¢xt end&J 30 Novembw 2025. Objeclives and acbvibes Obi8cts 8ndaims The obj'ects of the Charity are: 11 The allocation of Amshouses for qualifyir¥J ag&1 or infimi FWS(XLS w) are inhabitsnts of tre area of benefit i.e. Kendal. 2) Such other charil wrpxes berEfiiial <wdifyirKJ pwsrms as the Cl• Truses trnk fit from time to lime. Objectives. strategS andactiw"i AJI o¢¢upier$ musl live indeteThdently. The truste85 make regar welfare visits to check on the wellbeing atTrJ ne&Js of occupiers and immediaidy orry XA any imwovements Ihal may be reqiured. PublKbenefft The Charity provides aIMstse in 45. pwrKtse tAMIL 1 flats •xl Ixxyl(yws. in Ker#lal. foF the elderly or infim. The Charity P3ys for trE malntsnan of WoFerts. water rates. television liCere5 applicable) and o)mmurAI garden nterrre. The trustees confirm th fv the comFlied with the rUirements of seclion 17 of the Charities Act 2011 10 have due regard to Ihe wtlic bwjeffit guidan pthished lry the Charity Commission for England 8nd Wales. Use of volunteers The Charity is run by 8 Tru5e5 who woth a vdimiary tosis. Achievements and performare Change of crcupier: We had ol resident dwirvJ Ihe year, * Crescent Green a r resideni moved In lh8 Ingaky•1 in ALKJUSt 2025 aftw the 0FIer mov&1 into a care home. Repairslmaintenarts.. The quiwwinial gJrvey of all 45 WOFwbes was Ca1 in late 2024. very maintenance issues were htghFigh. these were remedied immedtately. Various minor maintenance issues were dealt bwlh dwirg Ihe year. PTt¥ety had a new gas tM)iler and orÈ flat had a rw4 kitchen fitted. Iss5 re daMCOndOn vKre rwed at 3 The annual paty for residents was held at Nelhwfield Crithet Club in Awil, it was well SUFFOrted. 53 residwts, truslees arKI guests enjoy afterr•)on tea a1 erbtertainment wovided by sirwJer Don Mackay. It Is a Fowlar event which gives Trustees the cpp(xbJnity to $IdIse 7•vith th8 residents. Finan¢ial review The Charity relies the income received Irom its residents is reliatt its investment income lo subsidise Ihe cosl of main12ining the prwbes. Dils Can be seen the Accounts and Financial
The Kendal Charity For The Aged And Infimi Truslees, Report (continued) Policy on reseThés The Charity has substantlal assets invested throu Brthwin Dolphin. presenlly approxImalY £1.800.000. This Sum amounts lo £40,000 pw propety for KCAI'S 45 properties. A full inlem refurbishment currently costs approxlmately £30.000, if exterior works were required 8.9. re-roofing, replacement windows artd doors it would cost considerably more. the amalgamatlon wlth Charles Tennant House T1 is ou1hl$8d by the Charlty Commission KCAI will need to subsidise repairs at Tennanl Hiwjse as CTHT has few remainin9 resources. In the near futuie replacement upvc windows are required for all 4 flats, quotations recelved for the work to be carried out are approximately £30,000. Taking into account the expected increase in expendituie for repairsliefurbishments due to intlailon the Trusiees agreed that they do not consider the level of the reserves tt) be excessive are proud of the fact that they can keep Ihe almshouses In excellent litIon, pay excessive management charges or charge the residents hlgh monlhly maintenance ContrIbuOn$ and do not the need io seek any ethrnal funding. InY8sfrnenlwlicy8ndobJectlves A Nominee Company with Brewin Dolphin adminlsters the siocks and shares on behalf of the Charity. The Trustees choose a low lo moderate risk for the investments. Following •Jvice it was decided that to securo the long term financial health of the Charity the risk level should b8 increased from 5 10 6 to meet the requlred returns the future l.e, 2% plus Infflation and fees. Plans lor futur8 perlods Aims 8nd k•yobfvct/ves forfulure perfods The running and maintenance of the 4 flats at Tennant House. Belllngham Road owned by Charles Tennanl House Trusi {CTHT) . Charity No 222170 - continues to È carried out by the Trustees of CTHT who are also Trustees of the Charlty. Th8 8mal9amalion of Ihe two ¢hariti8s Is currently being finalised wlth the Charity Commisslon. When Ihis is complete CTHT will be fully integralod with the Charlty. Structure, govemance and management Nature ofgovemlng documenl The Charity, originally named Yhe Mayor of Kendal's Fund for It Aged and Infirm", is a Charitsblo IncoTpoTated Organlsailon (CIO) with a constitution dated 1 May 2018. Page 3
The Kendal Charity For The Aged And Infirm Trustees. Report (continued) Trustees and officers The twstees and officers $8Thing duriro the year and since the year end were as follows.. Trustees: A Nelson, Chalr P E Ball, Vice Chalr J G Stewart, Treaswer M Watting, Secretsry S Mitchell R PealiNJ G S Waiting A Roed Ireslgned 25 Aprll 2025) R49cruilmenl and8ppoinlmenf oltrusknis There musl b8 al least five Iruslees bul not more than len. Trustees aT8 appolnled f a term of five yoars by a resolution passed at a properly convened mewing of Ihe Charity Trustees. In selecling individuals for appointment the Truslees have regard to the skills, knovledp and exp8iknce needed lor ihe effeclive adminislralion of the CIO. Induclion and training oftrustees On or before the appointment of a new trustee, they will be supplled a copy of Ihe current conslllutlon and a copy of the latest Trustees, Annual Fleport and Slatemenl of Awounts. Relatlonshlp5 wlth felated parties Nailonal Associalion of Almshouses The Charlty Is a m8mb8r of Ihe National As%)ciaiion of Amshousos. Page 4
The Kendal Charity For The Aged And Infinn Trustees, Report (continued) Al8iorrisksandm8nagrnt of Ihose nsks Conlliclollnlerest The Trustees CoMY with the Confflict of Interest wlicy set up in line with the Almshouse Association guidelines. S8legu8rdlng A safeguarding pollcy has been impl8rnentad in lino wlth the Amshouse AssrKialion guidelinos. Vacancies Vacarn almshouses are advertis&J on the website. social media aThJ wlth Ict81 organisations. Applicants. who musl be aged over 60 and live permanently in Kendal. are required lo complele a detailed application form and provide references. AJI applications are consideT8d by Iha Trnstees and a sort list of candid*8s aro interviewed by Trustees before a final decision is made. G8S Carbon monoxlde alarms are provided at all proporties with a g3s supply. Landlord checks and 88rvicing are carried annually by local contractors. El8ctncity S yearly checks and upgradir¥J. where required, was completed during the year. Fire risk All the properties have firelsmoke alarms Iltted. The Trustees have a rola lo carry out a weekly fire alarm test ai each black of Ilats. A m8lnten8n¢e theck is carri out 6 mthlY In flats arrfl annually in bungalows. Legionella Risk The prowrties have the water supply and temperatures thecked a regular basis. Occupts aro remlnded of the need to run laps and showers regularly to prevent the risk of infection. Proptym8mlen8nce AJI Ihg woperlies were surveyed in 2024 and quiTh]uennl81 rep5 Fwared. All the propertles were In o)od condition except one whlch would benefit from som8 upgrading, h¢)wever the occupier d8clin8d the offer for work to bo carried out at the time. A sysiem is in place which all¢)ws c¢CUer$ to report any repalrlmainlenance that Is required to Truslee who will arrange for any necessary V•Drk lo be carried out, as soon as possible, by local contractors. The COntraor$ have also agreed call out arrangements for a8n¢18S othside normal office hours. In an emergency the occupiers are ailowed kn Call out the conlracl(Ys Ih?mselves. Tenant wellbeing If an occupant is experiencing difficuliles m8naging in their home, eg due to 18¢k of mobility, the Charity works alongside healthc8 professionals to carry OLrt any improvements required, at the Charity's expense. Page 5
The Kendal Charity For The Aged ArKI Infinn Trustees. Report {conlinued) Complaints There were fcffrnal coMrAal in Ihe y. Detalls crf the ec#n1nt Fyocedwe is COYw in the Regdw)ts a crjpy d vANch is giv to each occupier. Financial Inslrnments Objectives andpolicies The charity's activiltes expThe it to a ol finarKial iisks irKjfir#J credit rith. t2sh 11(yw risk arKI Ilquidity risk. tharity does not Use defivalive fial in5trumenls. Cash 17ow nsk The charty's activities exF#)se il primdy finla1 risks of charys in invesimert trne rates Creditiisk investments. The charity's creilt risk is wmarily attritxrtatAe to ts trade re¢avables. The am(nts presented in Ihe balaft sheet are n8t (A all(war5 for dbth re1vatrAe5. kn all iMFo1rnI is made where there is an identified loss wthich. ba$j wevious eXFw1re. eviderte crf reduttion in the recoyeratilty d the cash The creifjt rith on liquid funts is limtted because the C(xmtPartIeS b8rs with high crstating5 assigned by intwnational credit-rating agles. The chaTity has rKI significant cor¢eniraliC of cxeth risk. with exp)sure wead over a large wmber Liquidityrisk In order to maintain lirwidity lo enswe that sufficient are availatAe for ongcAng OP¥icfj and fthure developments, the thwity uses a rnire of cash in barf( and Ihe abilty to draw dchvn on investments. Further delails regarthng liquiithty rk can be fowKI in statem of wAicies in the fironcial statements. The annu reptyt was by the trteS (rf tr dwity 28 May 2026 arKI on its behalf by: Trustee TnJstee
The Kendal Charity For The Aged And Infirm Statement of Trustees, Responsibilities The trustee$ are Tespjnsible for preparing the trustees, report and the financial statements in cordance with the United Kingdom Accounting Stsndards (United Kingdom Generally Accepted Accourning Practice) and appii¢able law and 01atIonS. The law applicable to charities requires the trustees to prepare financial statements for each ffinancial year whlch give a true arKJ fair view of the stale of affairs of the charfty and of the Incoming resources and application of resources of the charity for thal pericKI. In preparing Ihese financial statemenls, the trustees are required to.. select suilable accounting p)Ilci8s and then apply them consislenuy,. observe the methods and princieS in the Charities SORP.. make judgements and estimates that arè reaable and prudenL slate whether applicable accounting standards hav8 be8n followed, subject lo any rn*erial departures (fisclosed and explalned in ihe financlal ststements,. and prepare ihe financial statements on the going concern basls unless11 Is inapproprlate to presume Ihat the charity will continue In busirless. The truste8s are responsible lor keeping proper accounilng records that disclose with reasonable ac¢ur8cy at any tim8 Ihe financial position of the charlty and able them lo ensure that the financial S(alements comply with the Charities Act 2011, the Ch8rities (Accounts and R8portsl Rogul8tions 2008, and provlslons of thè conslilution. The Iruslees are also responsible for safeguarding Ihe assets of the charity and hence for taklng reasonable steps for the prevention and dalectlon of fra1 and other irregularities. The trustees are responslble for tho maintsnance and integrity of tho and financl81 Information included on the charitable company's webslte. Legislailon governing the preparallon and dissemination of financial statements may differ from legislation in other juristhctions. Approved ty the trustees of the charity 28 May 2026 arKI signed on Its b11 by." J& Trustee Trusiee Page 7
The Kendal Charity For The Aged And Infim Independent Examinerfs Rem to the trustees of The Kendal Charity For The Aged And Infirm I rep lo Ihe Irustees on my examination of tr &c(Ku)ts of The Kendal FCK Aged Ar#J Infim) for the year erj 30 November 2025. Responsibililies and b1$ ol re As the charity truslees of The KwKlal Charity Fly ANI Infim ytyJ are fespornible for t eparation of the accounts in acctydance the feryirements of Chwities Act 2011 (Ihe Act). I report in respect of ry examirWI of Il Kaulal Cfrwity For The W ArKI lrfrni's accounts carried out urxJer Secti 145 of the 2011 arttl in t2rryirtsJ rArt my examination I have followed all the applicable Direulons glven by tho Chity commissi under seaion 14515)(b) of the ACL Independent examlnefs statement I have corn818d my 0¥aminati. I confirm that Th) matwi mters have come to my attenllon in connedlon Vlith the examinati gvirvJ me caw bdFeve that in any matsrid Feskwt.. 1. accounling reoyds were not in resm F( Tr Aged ArKI Infirm as required by section 130 d tho kt: 3. the accounts do not cornply Wbth accr)'n9 reqLuTements Cming th8 form content of accwnts sth in the Charilbes {Accounts aThJ ReFs) Regulations 2008 0r than any requirement that ts accounts •ve a 'tr aThl fair Vie whith is rnt a matter considared as part I have no concems and h8ve como auoss r#) mattws in ith th& exarninalion 10 which attentiijn should be (tram in this reFKVt in (xder tr) elIe a wopgr wrfJerslaThling of the accounls lo be reached. Helen Hcimes FCA ICAEW Chartered ACCntonts & Statirtw A11&y8 Lowther House Lowther Street Kendal LA9 40X
The Kendal Charity For The Aged And Infirm ststement of Financial Aclivities for the Year Ended 30 November 2025 Unrestricted funds Total 2025 Note Income and Endowments from: DOnaonS arKI legacies Charitable activities Investment income 1.000 102,440 1,000 102.440 Total income 156221 156.221 Expendlture on: Raising funds Charitable athivilies 110.917) 105824 {10.917) 105 824 Total •xpw¢dilure Gainsnosses Investment assets {116,7411 108.042 1116,7411 108,042 incorne 147.522 147,522 Net movement in lunds 147.522 147.522 Reconclli8tlon of lunds Total funds brought forward Total funds carrled fryward 2 141548 2 141548 2 289 070 2 289 070 The notes on pages 12 to 20 form an iniegral part of these financia statements. Page 9
The Kendal Charity For The Aged And Infinn Statement of Financial Activities for the Year Ended 30 November 2025 (continued) Unrestricted funds Total 2024 Note Income and Endowments from: Charitabl8 athivities Invesiment i10m8 91,725 91,725 43.278 Totsl income 135.003 135.003 Expenditure on: Raising fvnds Charitsble a1VitieS {10,252) 93.492 {10,2521 93.492 Total exFenditure {103.744) 207.327 1103,744) 207,327 Nel income 238.586 238.586 Net movement in funts 238,$86 238.586 Reconciliation of funds Total funds trmight fopK 1,902,962 1902 962 Totsl funds carried forward 16 2 141548 2.141.548 AJI of the charilys activili&s derive from contiNing operatiorts during the above two Periods. The furKls breakdown for 2024 is shown in note 16. The notes on pages 12 to 20 form an integral part of tPEse financial statements. Page 10
The Kendal Charity For The Aged And Intimi {Regislralion number. 1185634) Balance Sheet as at 30 November 2025 2025 2024 Note Flxed assets Tangib18 assets Irwe*ments 11 12 430.345 1779 589 430,345 1.629,525 2.059.870 Current assets Debr5 Cash * bk and In hand 13 14 1,014 80.221 81.235 81.678 81.678 Credltors.. Amounts lalllng due wlthln one year Nel current assets 15 Nel assets 2 289.070 2 141548 Funds of the charfty: Unrestrfcted Income funds Unresiricied funds 2 289 070 2 141,548 Total funds 16 2 289 070 2 141548 Th8 financial statements pages 9 kn 20 were apyoved by the trustees, and authorised for186ue on 28 May 2026 and signed on their behalf by: Trustee Truste8 Tho ne5 on pages 12 to 20 fomi an integral part ol these financial statements. Page 11
The Kendal Charity For The Aged And Infirm Notes to the Financial Statements for the Year Ended 30 November 2025 1 Accounling policies Statement ofcomplian The financial Stateffl have been prepared in accordance with the second edition of the Charities Statement of RecomMded issued in Oclober 2019, the Financial ReFoMing Stsndard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. Basis of preparalion The Kendal Charity For The Aged And Infimi meets the definilion of a public benefit entity under FRS 102. The a¢¢otsnts {finarla1 statements) have been prepaied under the historical cosi convention ilems recognised at cost or transaction value unless ottsrwise stated in the relevanl n8{$) to these accounts. Going con¢em The irustees consider Ihat there are no material uncertainties atout the tharity's abilty to continue as a going concun. Reclassification of comparative amounts The unrealised gains and losses on investments were previousty shown as a separate designated reserve. Following discussions it was agreed that as this Is all Unrestrict it should bg Shown as such in accounts so the funds are now all shown as unrestricted. Income and endowments Voluntary income including donations, gifts. legacies and grants that provide core furlding or are of a general nature is recognised when the charity has entitlemenl lo the income, it is probable that the income will b8 received and the amounl can be measured with sufficient reliabilty. Lbnalions and/egac$ Donations and legacies are re¢¢gnised a receivable basis when receipt is pthble and the amwnt Can be rdiably measured. Inveslmenl incvme Dividends are recognised once the divideTrJ has been declared and notification has been received of the dividend due. Expenditure All expenditure is rectsJnised once there is a legal or construthive obligation th expenditure, It Is probable s8w8m is required and the amouni Can be measured re]iably. Al cc6ts are allocated to the applicable expenditure heading that aggregate similar costs lo that category. Where costs cannol be direcuy allrlbu*d to particular headings they have bgen allocated on a basis consistent with th& use of resources, with 1181 staff Costs allo¢ated on the basis of time spent, and depreciation charges allocated on the wlion of the asset's use. Other costs are allocated based on spread of staff cc6ts. Page 12
The Kendal Charity For The Aged And Infirm Notes to the Financlal Statements for the Year Ended 30 November 2025 {continued) R8ising lunds These are costs incurred in altracling vobuntary income. the management CA inVeStff and those incurred In trading activities that rais& furthts. Gharilable acfrvi&es Charitable expenditure comprises Ihose costs incurred by ihe charity in the delivery of its activilies and services for its beneficiaries. It indudes toih costs that can be allocated directly to such activities and those costs of an indirecl nature necessary to support them. These include the costs attribulae lo the charity's compliance wilh constitutional and statuknry requirements, incIging audii. str*egic management and tr81eeS meetings and reimbursed Taxation The charity is considered to pass Ihe iests set out in Paragraph 1 Schedule 6 of th8 Finance Act 2010 and Ihereftye it meets the definition of a tharitable MpanY for UK Corporation tsx purposes. Accordingly. the charity is potentially exempt from taxation in respect of income or c8pitsI gains received within categories covered by Chapter 3 Part 11 of the Ction Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, 10 ts extent that such income or gains are applied exdusively to dwitsble purFoses. Tanglble fixed assets Individual fixed assets costing £1.LN)O.00 or m¢ye are inillalty reced * cosc less any subsequent accumulated depreciation and subsequwrt acMulated impairment losses. The properries are held in the accounts at cost Irom when the properties were purchased or built. No revaluation has been considered rSary as they are all in use f the primary objectivos of the charity. Depreci81ion and amortisation Asset class Depr12t10Th method and r8te No depreciation provided as market value significanily Igh than cost and kept in gcthl repalr Land and bulldlngs Fixed asset investments Fixed asset investments, other than programme related investments. are included at market value at the balartt sheet date. Realised gains and losses on investments are calculal&J as the thfference ben sales prcceeds and their market ¥ue at the slart of the year, or their subsequent cosi. ar#J are charged or credited to the Statement of Finanoal Activities in the peric<l of disFWI. Unrealised gains and losses represent the movement in market values during the year and are Credited or Charged to the Ststemenl of Financial Activities based on the market value at the year end. Page 13
The Kendal Charity For The Aged And Infirm Notes to the Flnancial Statements for the Year Ended 30 November 2025 (continued) Trado d8btors Trade debtors are amounts from customers for merchandise sold (K services r*rformed in the ordinary course of business. Trade debtors are reccrfdnised inilially at th? transaction price. They are subsequently me8$ured at amortised cost using the effecllve interest methcrtl. less provision for impairment. A provlsion for th8 Impaimient of trade debtors is estsblished when there is objective evidence that th8 charity wlll not be able to cdled am amounts due ecwdlng origin81 lerrns of Ihe recelvables. Cash and cash equlvt41ents Cash and cash equivalents comprise cash on hand and call deposits, and other short-leTm highly liqud investments Ihat are readily convertible to 8 known amount cash and are subject lo an Insignificant risk of change In value. Fund structure Unrestricted income funds are general funds that are available f use at the Iruslees dscretlan In furtherance of the otrfj'ectives of the charlty. Flnanclal In8trumen18 Cl8ssIfic8tlon Financial a85ets and financial liabilities are ractsjnised when the charity becomes a party to the contractual pro¥lsions of lh6 Instrument. Financial Ilabilllles and equity instruments are classffied aceordlng the substance of the contractual arTang8menlS •nlgred into. An equlty instrument Is any contrad that evldences a resldual lthere5t in the assets of the charfty after deducling all of ils liabllilies. Recognlllon andnwsummant All financlal assets 8nd liabilities are Inltlally measured at Iransactlon prlce {Indudiro transactlon costs), except for those financial assets classified as 8t falr value through profil or loss, which ale Initlally measured at fair value (which is norm811y ihe tranSOn price excludlng transaction costs), unless Ihe arrangement constitutes a financing Ir8nsaction. If an arrangement Cor1}lUteS a financing transactlon, th8 financial asset or financial liabillty is measured at th& kyesent Val of the future payments discounted at a market rats of interest for a similar debt instrument. Financial assets and liabilitles are only offset In the statement of financlal posltlon when. and only when there 8xl$ts a legally enforceabye right to set off the recognised amounts and the charity intends eiiher to seide on a net basls. w to realise the asset and settle the liabilty simultsrttiusly. Financlal assets ar& derecognised when and only when al the contractual rights to Ihe cash flows from the financial asset expire or are settled. b} the charity transfers 10 another party substsnbally all of the risks and rewards of ownership of the financial assel, or cl the charity, despite havin9 retained some, bul not all. significant risk$ and rwrds of ownership, has tTan5feffod contrd of the asset to another party. Financial liabilities are derecogrrised only when the obligatlon spe¢ifi&J in the contract is discharged, cancelled or expires. Page 14
The Kendal Charity For The Aged And Infirm Notes to the Financial Ststements for the Year Ended 30 November 2025 (continued) Inveslrnnts (where sha5 are pIldY tr&led or ti1r fasr Val is reliatly nEasLrable) are measwed at fair value through profit or loss. Wlwe fair value cannot be measured reliably. inveslments are measured al co less impa11mL Investments in SLthidiaries and asSLlateS are m8aswl at cost less Impaient. For investments In subsidiaries a¢quireO for c(mslderati( iTKI(KfirrfJ tt iw of shares qlifyirj fcK merger relief. cost is measured by refererte the nominal Val of tr shares is$1 fair value of other consideration. kny premium Is lswed. Falr value measuremenl The tsest evidence of fair wal is a qed wice fcf identical asset in acilve markei. When que0 wices are unavailable, the wice (A a re¢&rt trans81 for an ident1 asset Frovides evidence of lair value as as there has baen a $ignificart chwy In economic circumstances or a significarn lapse of lime sirKe the transadion iO)k p4ace. If the rnket is not a1¥0 and recent transactions of an ideniical ass Ihair cA•m are rd a eStsme of falr value, the fair value Is estimated by uslng 8 valuion t8cmlq. 2 Income from donatlons and legacles funds General Total funds Donations ar¥J legacies; Oonaiicffj from irtdividL* Total for 2025 1.000 3 Income from charltable 8cifvliles Un1CIed funds General Total funds Housing aclivlties Tolal for 2025 Total for 2024 Page 15
The Kendal Charity For The Aged And Infirm Notes to the Financial siatements for the Year Ended 30 November 2025 (continued) 4 Investm1 income lunds General Total funds Interest receivable and milar ioMe. Intere receivabte cffl depjsits 733 Totsl for 2025 52.781 52.781 Totsl for 2024 43.278 43.278 5 Expenditure rnising (unds a) Investfflent managemenl costs Unrestrided lunds General Total funds Oiher portldio management costs Total for 2025 10.917 10.917 10.917 Totsl for 2024 10.252 6 Expenditure on charilatjle acli¥ilies UTrrestricled fvnts General Totsl lunds Housing activities Charitale donalions 89,101 89.101 2.000 14.723 14.7Z3 Total for 2025 105.824 105.824 Totsl for 2024 93.42 93,492 16
The Kendal Charity For The Aged And Infirm Notes to the Financial Statements for the Year Ended 30 November 2025 {continued) 7 Analysls of governance and support costs Governance costs UnrestrScted funds General Total fitnds Audit fees Other fee8 pald to auditors Indep8nd8nt examiner fees Examination of the financial statement8 Oiher fees paid to examinws Trustees remuneratlon and expenses L8gal fe88 Other govemance costs Total for 2025 1,800 1,800 300 2,760 7,000 2.649 214 300 2,760 7,000 2.649 214 Tolal for 2024 8 Tru$iees rèmuner81ion and exponses Durlng the year the charlty made the followiw transacilons with tru8tses.' J G Stewart £3.5W (2024: £3,500) of expenses were reimbursed to J G Stowart during the year. M Walting £3,50012024.. £3,500) of expenses were reimbursed lo M Waiting durlng the year. No Irusle8S, fK)T any persons connected with them, have receivod any remuneratlon from the charity dur6ng the year. No truste8s have recdved any other barfits from the charSty duriw the year. 9 Indep8ndent examinerfs remuneratlon 2025 2024 Examination of the financial statemats 300 Other fees to examlners ExaminatioTrrelated assurance servi¢es Page 17
The Kendal Charity For The Aged And Infinn Notes to the Financial Statements for the Year Ended 30 November 2025 (coniinued) 10 Taxatlon The charity is a registered charity Is exempt from trx80n. 11 Tanglble ffixed assets Land arml buildlngs Tolal Cost At 1 December 2024 At 30 Novembar 2025 430,345 430,345 Depreclatlon At 30 November 2025 N81 book value At 30 November 2025 At 30 November 2024 12 Flxed asset Inv8slm8nts 2025 2024 Other investments 1779,589 1629 525 Page 18
The Kendal Charity For The Aged And Infirni Notes to the Financial Statements for the Year Ended 30 November 2025 (continued) Other InVestents Imiestsnents Total Cost or Valuallon Ai 1 December 2024 Revaluati Additions Disp)sals 1.629,525 1,629,525 108.042 108.042 498.982 498.982 456,960 At 30 November 2025 1779 589 1779.589 Net book value At 30 Novemtjer 2025 1779 589 1779 589 At 30 November 2024 1.629.525 1629 525 13 Debkns 2025 Oiher debtors 14 Cash and cash equlvalents 2025 2024 Cash al bank 5.061 8.078 15 CredItO. amounts lalllng due wlthln one 2025 2.099 Page 19
The Kendal Charity For The Aged And Infirni Notes to the Financial Statemehts for the Year Ended 30 November 2025 (continued) 16 Funds Balance al Balance at 30 Resources recognised November expend8d gainsl(losses} 2025 Decembef 2024 Incoming resources Unrestrlcled funds General 2.141548 156221 116741 2 289 070 Balance at Balance at Other 30 December Incoming Resources recognised Novemb 2023 resources expended gainsl(10s%%} 2024 Unrestricted funds General 1902.962 135,003 J 103.744 207.327 2.141.548 17 Analysls of net assets between funts Unrestricted Totsl funds al funds 30 November General 2025 Tangible fixeAJ assets Fixed asset inveslments Current assets Current liabilibes 430.345 1,779.589 81.235 2,099 2.289,070 430,345 1.779,589 81.235 2,099 Totsl net assets 2.289.070 Unrestrlcled funds General Total funds al 30 November 2024 Tangible fixed assets Fixed asset investments Current assets 430.345 1,629.525 81.678 430,345 1,629.525 Total net assets 2,141,548 2.141,548 18 Related paty tran$a¢tlons Tlwe were no related party transacti¢)ns in the year. Page 20
The Kendal Charity For The Aged And Infimi Statement of Financial Activities by fund for the Year Ended 30 November 2025 Totsl Total Unreslrlcted Unreslrlcted Funds Funds 2025 2024 Income and Endowments from: Donations and legacies Charitsble a1VIa5 Investment income 1,000 102,440 91,725 Total income 156221 135.003 Expenditure on- Raising funds Charitable activities 110,917) 105 824 (10,252) 93.492 Total expendllure Galnsllosses on Investmont assets (116.7411 {103,744) Net incomo 147.522 Net movement in furKIs 147.522 238,586 Reconclllatlon of funds Total funds brought Ivard Tolal fiJnds carried foFw8rd 1902 962 2289070 2 141548 This page (kes form part oftt* slatulory financial stslemenls. Page 21
The Kendal Charity For The Aged And Infirm Detsiled Ststement of Financial Activities for the Year Ended 30 November 2025 Totsl 2025 Total 2024 Income and Endowments from: Donations and legacies lanalysed below) Charitable activities lanalysed below) Investment income (analysed below) To*1 income 1,000 102.440 52.781 91,725 135.003 Expendlture on". RaisirwJ funds {analysed tdow) Charitable acliviltes {anatysed bdowl Total expenditure Gainsnosses on inveslment assets {analysed below) Net income (10,917) 105 824 (10.252) 93.492 (116.741) 108.042 (103,744) 207,327 147,522 238,586 Net movement in funds 147.522 238,586 Reconclliation of funds Total funts Imight forward Total funts carried foThYard 2,141548 1.902.962 2 289.070 2 141,548 This page doe5 not form wi of the statLrtcry finarKial sbtements. Page 22
The Kendal Charity For The Aged And Infirni Detailed Statement of Finanaal Activities for the Yeai Ended 30 November 2025 (continued) Totsl 2025 Total 2024 Ch8ri18ble acDvii objects 91.725 Income from listed investments Interest on cash dep)sits 42.857 421 733 52.781 RaIng funds 10.91 10.252 10.252 10.91 Charitable aclmtres Bank Charges Water rates Light, heal and power Insurance Repairs and maintenan Garden maintenan Televisi licert Residents, Forty Stalionary and advertisiThJ Trade subscriptions Charitsble d¢Wions 19) {16,3021 (893) <18.8031 (36.172) {8,172) {6.746) {6151 {2241 (1.1651 (2.(100} (2141 (1,8CM)I (3001 (3.51x1) (3.5(M)) (17PJ)> 1108) (12.727) (1.049) (15.837) {34.268) (5.913) (6.930) (4481 1254} {9431 (1,0001 Accountancy fees Independent examir*s fee Treasurefs expSeS Secretarfs eXpS Accounlancy fees Officers, irffjurance Legal and professto?I tees 17,000) 13.500) 12.6101 (905) 2.649 93.492
The Kendal Charity For The Aged And Infinn Detsiled Statement of Flnancial Activities for the Year Ended 30 November 2025 (continued) Total 2025 Total 2024 Gains/losseson inveslment8ssets Funds- inveslment assets 108,042 This page does fomi part CA the ststutw finar¢ia ststoments. Page 24