aiARrrABLE INcOIII￿RA7Eo ORGANISATION AEGISTERED (MARifY141ff¥lBEK. IIW99 iAIYD'ARCYWttH FYNCHE5 AND BERRYFEiD Co￿AGEs ALMSHOUSE CIIARiri FINANCIAL￿AlEMENfs FOR YEAR ENDED 31 MAA(H 2024 LADYD'ARcYwifH FYNCHESAND BERRYFELD COffAGES ALMSHOUSE CHARiri co[￿ET￿r5 OFIHE FINANCIAL ￿ATEmÈ￿rS FOR THEYEPA ENDEO 31 MARCH 2￿4 Pay Report of1heTn￿tttS I to 4 IndependertExamSMrfg Report stst￿entDf FO￿￿¢111 **iivities Balant* Short Notesto the Financial St•tem¢iits 8 to 18 Detslled Statemtrtèf fmandalA¢tlvrtles 19 to 20 LADYO'ARCY FYNCHES AND BERRYFIELD Co￿A￿£S ALMSHOUSE CHARITY REPORY OFTHÉTRUSTEES FOR THE YEAR ENOED JI MARCH 2014 TheTrustees present th•r report along withthe financial ststement5 of the charityfortheyear ended 31 Mafth 2024. The trustees have adopted the wovi*ons of the Statement of Recommended Practi￿ ISORPI. Accounting and Reporting byCharitie5 in preparin8theannual report and fiNncial ststsm*nts ￿the ¢h4rsty. The finan031 staternents have b&n prepared in *¢Nd#nce wlth the act￿nting poI￿leS set out In notes to the accounts on pa8es 8. 9 and 10 and comply the Charitvs 8overnln8 dc(umenL the Charitles Act 2011 and countin8 and Reportln8 by Charitles.. Statement Dr Recommended Practlce appllcable to tharlties Prepar1￿ their a¢¢ounts In a¢¢ordance ￿th the Flnancial Reporting stsnd¥d appUca￿e In the UK and Republk ol Ireland pubjlshed In Ortct*er 2019. OBJEcfivESAND AcfMTIES OblertfvES and alms The Obje£ts of thE Charity are.. i. the prow%on arxl Maintenan￿ of houslw act0mmodth￿ for persons who aFe in need, hardship or distre55 and who are ￿sIdent In Qdchesler, E55ex,' and 2. such tharitable purposes forthe beneflt of resldent$ as theTr￿ste￿s detlde. Appllcatlon af If*ome The ngl income shall be appled first to repalr. Insure and mew all other outgoings In ￿speCt ol the Charfvs propertie5 and all proper costs of Charitvs adrnini5trdtion and.M￿l&eMent Thereafter net Income shall be applied forthe beneht of the aknspeople of the Charity. st￿lf￿n*&Cl1b7tièl The artlvltles of th¢ Charity ère the provision and maintenance of tt¥enty Sev￿ almshouses fuf the beneficlaries. The benefKiaries must be per50r6 who are need hardship or dlstre5s andwho are reydent In Colchester, Essex. Publlt benefft These aCtI￿tIeS are consldered to be for the pU￿1C Lenefit and In runnlngihe tharfjtytheTrustees havé regard the Ob4rityCornmi55ion guidan￿ on publlc ￿Theffit. ACHIEVEMENT At4D PERFORMANCE Charltable atthrft During the year the Trustees, c￿tern for the welfare of residents contlnued through fe8ular communica￿On and visits to them. There wa5 a thorO￿h revlew of the w￿klY Malntenance CoThtribution. aNI the system for bt5 collectton. The Weewy Maintenance Contrlbutiw W•5 5tsndardi5ed to achieve a falr and tyansparentSV5tern. FINANCIAL REVIEW nanclal poslthn The Charity'sfinancoal ptssltiijn 15 45 set out in the Balance Sheet ¢>n pa8e 7artd isrtsn51dered satlsfactory. ReseThe5 poIIcy The Ch?rity's polry on reser¥es is to vnaintsin sufficient reserves to t￿8￿e the Charlty to continue to achleve its principal Ob￿￿￿e$. FufuRE PLANS The trustee$ have consldered the outcomes of the Qutnquennlal Inspections and have c¥eat¢d o ¢QrnweheTh5￿e 5trate8y and to en5urethe effective malntenant¢ of the pr¢pert*s. SThUCTUR¢ GIJVERNANQ AND PW4AfjEMENr Go¥trninMdowment The charity Isgoverned in accordance wlth a con#its&t1￿ adopted on 21 November 2019. iADYD'AftcYwmi FYNCHESANO B&9ftYKLD Co￿AGEs ALMSHOUSE CHARirY REPORT OFTNE TRUSfEES FOR ThE YEAR ENDED 31 MAROI 2024 sTRLICTuR￿ GOVERNANQ AJID MA14AGEMENr Retrukmentand *ppolbttment of newtrustee5 vacèn£Ses for Tru#ees arise application5 are sought from potential tandidates known to the Trustees and other 5uitsble local people. ApplS¢*ts are then tonsljered by the Trustees and appOint￿￿nts made by re501ullDn of the Trnstees. CW8anlsatbnal stftKture Day to day administr8llon ofthe char￿ lscarrled out by the aerkwho reportStotheTrU￿èts. IAth£tlon and trathkngofnewtn**es New Trustees are briefed by the Clerk the TrLEtees on the hlstory and ￿￿vItIeS of the Charity. They are prowded with a copy of the Charlty Commi55ion public*ion The Esserttial Trustee detallln8 rhdr resp005ibilitEs and wovldlng Euidantt on bein¥ a Truttee. New Trustees are ry￿Aded with a toty of th¢ Ch4rlty *heme and the latest accounts. Related wr ThÈrÈ are no othercharitles rdated to the lady Uarcywlth FyKhesand BerryNeld Cott4esAmshtyJse Charlty- Risk m8na8ement The trustees ha￿ a duty to Identify and reviEW the rlsks to which the thartty Is exposed and to 2msure appropriate controls are in Fla￿ to prtrdide reasonable a55uran¢e ￿aln$tfraud and error. Through the employment of wofesslonal advl*rs t&￿ Trustees seek to ensure that all of the Charty'5 rnan4ement and detlsion making pr￿esSeS take full account of, and comply with, ￿le￿a￿t leg(slation and regul*y controls. Insurance Inrjudlw property ownL¥shlpand puwlc Ilablllty 6 reassessed anrwallv. REFERENCEAND PL)MINISTRAnve DETAILS Re8tsiered th•rltynwnber 1186499 Prtnclpal address F¢ynh3m House 227 Lopdon Road Colche5ter Essex C03 8PB Trityiees P C D lryen. Chairman E A Blocmfield M G Humphreys P M Bareham MSS A ReebE$ M Minter (appointed 2V31241 Ireslgned 2914n41 Pjones (appointed 1613124 LADY D'ARCf WITH FYNCHESAND BERRYFIEiD cO￿AGE5ALm5HOV5E QIAR AEPORTOFTHETRUSTEES FOR THE YEPJI ENDED 31 MARCH 20YI Af FERENCE AND ADMf415fRATIVE DETAILS Independent Examlner &mon Welling Haineswatts rtered knount*ts Town Wall House Balkerne Hlll Colche5ter E￿0X C03 3AD Sojktto John Fowiers Salnt Runwald Street Colthe5ter Coi ID5 ihetharkv Allson Smith Ito ISJuly 20241 286 Mersea Road Coithesler Essex C02 8QY Vi¥vennE De￿edge (from 15 July 20241 Fornham House 227 Lond)n Road Colchester Essex C03 8PB Bdnker5 Bardays Bank PLC 9 Hl8h Street Colthester Essex Coi IDD ConsultantArthtt• Dan*d Corsnal Pamershlp The Cre5trnt Colthester Essex C04 9YQ iADYVARCY WITH FYP4CIIESAND BERRYFIELD co￿A(￿sALMsH¢?u5E (MARirY REPORTOFTHETRUSTEES FOR THE YEPJi ENDED 31 MAROI 2024 Approved byorder of the board Oft￿￿eeS on....... ... and S￿Ned on its behalf ty.. P CD Irven- TrLL%lee INDEPENDENTEXAMINER'S REPORTTOTHEThUSTEES OF LADY D'ARCYWITH FYNCHESAND BERRYFIELD Cl)TfAGES ALPIAHOiISÉ CHARITY IhdÈpendent r•p•n to tr* tN#ee5 of L•0¥ D'Ar¢y wlth Fynthe5 Cottw5 thistwse Char I report to the tharlty trustees on my e¥amlnatlon of the a¢¢t)unts of Lady D'hry FyKhes and Berrffjeld Cottages Aknshowe Charlty Ithe Trust) fortheye¥ ended 31 Marth 2024. Re5ponsibIl￿Ie59fftd basi5 of rep4)rt s the tharlty trwtee5 of tlk Trust you are re5pon51ble fty the Prepara￿£￿ of the accounts in accordar￿e with the quirements of the Charltyes Art 2011 IlheAcVI. I report In respect c* my exafflinatlon cl the Trusi's accounts carried Undersec￿On 145 of the kt and in cotyOng out myexamination I have follawed all appllcable Directio￿ ￿the Charlty Commission under Sectlon 14515llbl of the Act. depwdert examws ststemqnt I have completed rny ex)rnination. I conflrm that no material mattÈrs have ccme to my attention in ¢onnertlO11 Vllth the e¥amlnèllon OvinR me causeto belle%* that in any m*erlal respett.. accounti￿ records were rnt keptin respert 01t￿TrUSt as required by Seciion 130 ofi￿A¢[. ¢N the ar¢ounts do not accord ￿th reccffds; or the accounts do not comply with the applitable requirements concerning thelom) and tontent of accounts set out in the Charltles IAccounts and Reports) Regulation$ 2C08 ¢yther than any requlrement that the accounts 81ve a true and fairwewwhich 15 not a rnatter tonsldered as partof an independent exafflinalion. I have no Con￿rn$ and come 8(ross aio ot￿r matters In ¢Dnnection wth the examlnation to whkh attention shtyjld be drawn In thls report in order toenats￿ a properunderstandin8 of the accounts to be re3cIEd. Slmon Welli TheAssooatlon ofthartered Certified Attountants Halnes Watts Chartered Acc¢)urtt•nts Town Wall House Oalkerne Hill Colchester Essex C03 3AD iADYD'ARC(WItH FYNCHESAND BERRYFIELD COTfAGESALMSHOUSE CIIAArr¢ STATEMENT OF FINANCIALAcnvrriES FOR YEIR ENDED 31 MARCII 2024 2024 Total funds 2023 Total funds Unrestricted fuftds Rostri¢ted fvnd Endovmient funds NL*e5 INCOME AND ENDOWMENTS FROM cha￿able artlvttles Ajmshouse 3ctMty 169. 169.123 158.519 Investment Income 6.832 4,810 Toi•l 175.955 163,329 EXPENDITUAE rji Charttable a¢ttvltSe$ AlmSh￿J%e actfvlty 89.638 89,638 8L7 86J17 86J17 8¥573 NetBain51110s5esl on Investments 14161 19131 13248 13.6741 NET INCOMVIEXPENDITUAEI IfjoA78 19131 99￿5 77.899 Transfers bètwe•) lumds 14 170671 7,067 Otherre¢owW i•lnslllossesl Galnscffj revaluatlon of fixed ssets 108W7 108.697 1,323,431 Net mo¥ernent lTrfunth 9UII I￿051 208362 1.401.330 REC0NaUAT￿N OF FUNDS Total funds brought forward 369JJ73 148 5A02.362 5mL583 4,470.253 TOTAL FUNDS CARRED FORWARD 5.871.583 CQNTINUINfj OPERATION5 I In¢(me and exFendlture has 8ri5en from corstinuing thtses. The notesform partof these financial ststeme•ts iAOYD'ARCYWITH FYNCHESAND BERRYFIEiD CO￿AGEs ALMSHOUSE OIARiri BAiANfE SHEET 31 MARCH 2024 2014 Total ds 2023 Total fund5 Unre#vScted Is Restricted fund Endovm)ent fund5 Note5 FIXED ASSETS TangIb￿ assets Investments io li 5,5433ts) 73,913 5543A 362.005 5A34751 277.705 288,092 S￿17213 5.905A53 5,712,456 CURRENT AS5Frs Oebtor5 Cash at bank 12 S.852 S,8S2 189.233 5.164 179,522 I95￿5 195,085 184,686 Amounts fallln8 due ￿thIn or year 13 120.6931 120,6931 125,5591 NEf CURRENT ASSETS 174.392 174,392 159,127 TOTAL ASSEFS iESS CURRENT LIABILITIES SM72IJ W9.845 5.871,583 NET A55ETS 148 s￿17,213 6.079.845 5,871,583 FUNDS Unrestricted funds Restrftted funds Endo*%nentfunds 14 369,073 5.617.113 5,502,362 TOTAL FUNDS 6,079.845 5 871.583 The fjnanoal statements We￿ appmed by the Board of Trustees and authcfjised lor issue on . aro wwe $tqned on its behalf bv= Q.IJ L5L-- P C D INen-Tiusteè P M Bareham- Trustee The notes lorm part of these finan¢ial statements LADYtyARCYWITH PINCHESAND BERRYFIELD cO￿AGE5A￿￿$￿Ov5E CHARITY NtrtESTO THE FINANCIALSTATEMENTS FOR THEYE￿I ENDED 31 MAROI 2014 TRANSFER OF &IGA￿mENTS On l April 2020 the actNities. assets. I13￿"1[￿e5 and funds and reservES of The Lady tYW wlth Fynche5 3Trd Berf￿[d Cottages Almshouse tharity Icharity Re8lStration Number 11048821, referred to in these financial statementsas old charity. were tTrnsferred to thls Chariry. ACCOLINTING POLlaÈS Bask olweparh8the fftmnclal statements The financial Statements of the charity, which 15 a public benefrt entlty urxler FR$ 101 have been prepared in a¢¢ordance wlth the (haritles SORP IFRS 1021 Accountlng and Report6￿ ty tharftles.. Ststement of Reccfflmended Pr￿tyce applkable to charfjties preparing their accOL￿ts in 3c£ofLlance with the Financial RePOr￿n8 Standatd applltable in the UK and Republie of Irdand IFRS 1021 (effective l January 20191,, Fi￿n031 Reportln8 Stsndard 102 The Financial RePOr￿rI Standard applicable Inthe UK and Republicof I￿13￿*1, and the Charities Act 2011. The financial staternent5 hwe been prepared under the historlcal cost conventiors. wlth ihe exception that housing propertie5 a￿ indutled at ¥aluation and irNe5tments which are IKluded at market value. Fund Actfjuntknt Unre5tritted funds ¥e avallable to spend on XtivitiES that further any of the purposes of tharty. Oeslgnated fund5 are unrestricted funds of the chaTity vthrh the trustees have decided at thelr dlscretlon to set aslde to use for 3 s￿¢1￿¢ purpose. Resirlcted funds are fvnds whlch the donty has $pE¢ified are to be solety used for ¥ partlcvlar purpose. Permanent endowrnent fvnds are no[￿eXpandable funds whlch are Trormalty held IrKlefinite￿. Concern The accounts are prepared on a g(4ngconcern basis a5 t￿re are m material uncertalnfjes the Charltys abl1tyt0con￿TruE. In¢ome All Income Is recognlsed In the Ststement of FlnarK6al Ath￿tIes once the charity has entmement to the fund5, It15 prcbable that the I￿ome wlll be recefved and the amount can bemeasured rellably. Inccffle from 8overnrnent and other 8rants, whether 'tspitsl' Brarts or'revenue, 8rwnts, 15 WO8nised vthen the Charity has entl￿ement to the fund¥ any performance condf(ions attathed tothe 8ronts have been rnet, it 15 probablethatthe income will be rerew and the amthjntcath be Meas￿ed rellablyand Is not deferred. For le&acies. en1[￿ement is taken ès the earlier of the date on whkh elther.. the Charlty Is avjare that prob*e has been granted. the estate has beffi finallsed and notification ha5 been made by the executorlsl to the Charltythat a thStrltr￿tl0n wlll be made. or when a dlstributlon 15 received from the estate. Donafjons and other voluTrtsry I￿orne are refkcted In the accounts for the period in which they are recelved. Donatlons In ￿nd are recognised by the Charity when receNed except In the case of semces provlded free or undervalue byvoluntsrystaff ￿ others whith are not ret￿tte￿ in atcounts. lfitere5t Recehed Interest on lunds held on deposit is iTrdudetl when rectlvaNe and the amourttan be mea$ured reMaLly bythe Ch¥rlty- thls Is nomially upon not￿CatIOn of the Interest p3ld or payable by the Bank. LADYD'ARCIWITH FYNCHES AND BERRYFIEU) co￿AGEs AiMSHOUSE CHARITY NOTESTO ThE FINANCIALSTATEMENTS- ¢￿t￿￿ed FOR THE YE*A ENDED JI MARCH 2014 ACCOUNTING POLiaES.rontinuoJ Expend￿1* liabilities are reeoKrtlsed as expendtture as soon as there Is a legal or construttive obligation ￿m￿ling the charity to that expenditur¢ it 15 probable that a transl¥ of econ¢)mic benefits vjill be requlred In settlement and the amount o* the obliEation can k measured reliably. Expenditure is a¢¢iMJnted for on an accruals basis and ha5 cla55ltEd under he￿Ing5 that ag8re8atÈ all related io the categcry. Where costs car¥not be dlrectly attrfbuted to partlcular headln8s they have beer¢ allocated to artfftiitie5 on a ba515 tonsistent wlth the Use of resources. R*palrs ind Milnt¢nan¢eof Propertk$ The charyes in the Siatement of Financial ActNltles In respect of cyc￿cal MaintenarKe and Extraordinwy Repairs reflert theTrustee¥ constant concern to keep the propertles In goDd condltion. and afe in accorda￿¢ with the Almshouse Associatlons. recommendation that Almshouse Charities should set aside each year specific sums in this respect. Transfers are made from the Revenue Reserve each year to the E¥traordinaTY Repair Reserve to cover extrawdinary repairs as tly arise and to the Cyclical MaintenJn¢e Reser%e tts ¢ repalrs whlch ari* on a wli¢al basi& The Ch3riVs go4ernanGe co5¢5 are allocated entlrety to the ￿MshoU5e Costs since 5UFPOrt costs relatln8 to other 4rtivitie5 are considered immaterial. Tawlble fxed a$$￿9 Houstn8 Proyrtl•s The housing prope￿e5 are Included in the accounts at thar InsUra￿e relnstatement value. Addrtlons after each revduation are induded atcost uThUI a further revalua￿￿. The Cost of ￿lurb1$h￿ènt and imprcvements to the exlsting property are Mrtitten off to Re¥*nuÈ ReseNe as Incurred. Any major improvemeotsor extensions to the pro￿rtY arecapltallsed. Revalua￿On$ are perfomied wth SLrffkl2nt regularity to ertsure that the carry¢n8 amounts are not mate￿allY rnlsslated and on tNs ba5Isare notdeyeci*ed. Investments are shown on the Balance Sheet at thelr market value. Changes In market value5 duri￿ an accounting period are reftected in the 4ccount5 as ynrealised gain5 or losses. Upon dlspo5al of an inve51ment the dlfference between origlnal cost and disposal proceeds Is rellected thè accounts as a realised gain or 1055 and an adjustment is mzde to unreallsed galns or l¢)sses tt> reYer5e unrealised movements in value In earlieryears. D•bto Contrlbutlons and other debtors ¥e recognlsed atthe setdEmEnt amount due. Prepayments are valued at the amount yepaid net of any trade discounts due. sh at BBnk Cash èt bank ond cash In hand indudes cash and short term hlghly Ilquid imiestments with a shcrt Matur￿ of thrèe mtshths orle55 from the date of acquisition or Lpningof ihe dep05rtor sknilaraccouns. iADYD'ARCYWITH FYNCHESA14D BERRYFIELD COTTAGES ALMSHOUSE CHARiri NOTESTOIHE F1N￿4aALSTATEMENT5-(ontin￿Èd FOR ThE YE￿1 ENDEO 31 MAR￿ 2024 ACCOUMTWG POUOES. TOTAL FUNDS 5*7L583 079y5 Net movement in funds. included in the above are as follows.. InwminB resOUr￿S Resour￿$ expended Gain5 arbd losse5 overnent In funds Unre5trfLted General Fund Cytlltèl MaintenarKe Fund Extraordln¥y Repa(r Fund 175955 169,7181 111.9101 8.010 3.074 5,250 9,311 16.660} 173 175P55 189,6381 14161 lfy)A78 fiJnd5 Housing Property Revèluation Reserve Ca￿131 Re¢oupment Fund 108,697 108,697 19131 107.n4 TOTAL FUNDS 89.618 -15- LADYD'ARCYWITH PnIc￿SAND BERRYFIELD COTfAGES ALMSHOUSE CJIARrrY NOTESTO THE FIN*14CL4ISTAIEMENT5-¢ontknued FOR THE YEAR ENDED 31 MARCH 21114 M(WEMENT IN FUNDS- ￿￿tInued Cowwratiwesfor mtyvemert kn fvnds Net m4)vement In funds Tran5fer5 between funds At 31.3.23 At 1.4.22 Ufvre5trlcted furyl$ Generjl Fund Cyclkal Malntenanct F￿d Exiraordinary Repair Fund Buildin8 ReseNe Fund 100.659 118.710 34,652 80,330 401 156,2881 124.701 119.111 125,261 90.221 150,IYY)I 304,021 81.119 I16.￿￿ 369.073 Rethicted lunds Restrfcted CBC Grant Fund 148 EndDwmentfiwhds Permanent Endowm¢nt Fund Housing Property Revaluatlon Re5er¥e C4pitsl Recouwnekrt Fund 2A16.540 1,685,632 63,912 2,425,540 3,C#lg,063 67.759 1,323,431 13.2201 7.C67 4,166,084 1.320.211 16,Q67 5.502,362 TOTAI FUNDS 4.470.Z53 L40L330 5,871.583 cOmpar3ti￿ net mo4ement In funds induded theabthE are a$follows.' Incornin8 resources Resources e¥pEnded Gaittsand losses ement In funds Unrestiirtedfvnds General Fund Cyclital Maintenance Fund Extraordinary Repa(r Fund 163,329 181,2671 14891 IL7321 80,330 401 388 388 163.329 181,7561 14541 81.119 Erthv&Thent fvnds Housing Property Revalu•tion Reserve Ca￿tal Reroupment Fund 1.323,431 13.2201 l323,431 13.2201 1,320.211 1,320.211 TOTAL FUNDS 163,329 181,7561 1.319.757 L¢l01,330 -16- LADYO'AACYWTh FYNCHESAND BERRYFELD co￿AGEs ALMSHOU￿ CHARITY NOTESTO ThE FINNJJCIALSTATEMENTS-contknu FOR niE YEAR ENDED 31 MARCH 20Z4 MOVEMENT IN FUNDS.a￿tInued Permanent Endowment Fund The Permanent EndowTnent Fund represents the Chartt¢s hou51llg FJropertle& thanges in the net book value of the housin8 woperbes are reflected in the Permanent Endowrnent Fund by a transfer from or to the General Fund or other resenfes, as far as posslble. of an 2mount equal to the change in the accountin4 period. The fvnd15 non expendable. HwskniPrnpertles Re¥aluaikk Reser4T¢ The H¢U￿n8 Property Revaluation Reserve Is pem)anent eThJowment of ihe Chartty and Is repres￿ted by the value ¢f housin8 pfopErtie5 revaluatiull Bain5. CaWtal Re¢wpment Fund The Charity uultsed of Its PerMa￿nt Endow￿nt to Improve ihe houslre woperttes and was requlred to re¢oup £318.(W by transfeFTiry £7,067 to a capttal recoupment lund each year ft¥ 45 yeavs. The recoupment comrnenced in the year ended 31 January 2CQ8 follovAng completlon of Improvements to the Charlvs hou5in8 Propert￿5. Durin8 the ye4r ended 31 January 2015 the Chartty were permitted to utilise £70.(¥JO of the fund towards the c(Istof purcha5in8 24 Berryfields wlthout a requirement forfuture recoupmenL The Capital Rewupffjent Fund must be sp￿lfICallY investsd as permanem endowment of the tharfty wlth In¢ome arlslngfrorn the in¥e5trllents being availableforthegeneral purposes of the Charrty. Cokherter OCGrnTht Furthl The fvnd represents a grant received from Colchester8orough Council to fund the uwtal NDprovements at the East Bay proVe￿e Cyclkal Malntenante RtsÈrv• The Cytlltal M•lntenance Reserve is uThrestrlcted but des*nated ty the Trustees to c¢)ver the c05t of cydical rnalntenance as tt arises. A transfer to ihe Fund Is made each year from the Revenue Reserve ot a speclftc arnount agreed by the Trustees. Extraordin*ryRepair ResoF¥e The Extr¥ordinary Repair Reserve Is umrestricted but designated ty the Trustees to C￿ the cost of extraordinary repairs as they ar15e. A transler to the Fund Is made each year from the Revenue Reserve of a specific amount a8reed by the Trustees. The Buildin8 Fwd is to cover future Ca￿ts1 improvemènts and transfers will be made at the Trustees d15cretion. Rrnnu• Reserve The fund represents part ofthe accumLdated surpluses of the Ctharity and is avaIl￿e for the general wrpose5 of the Charfty. -17- LADYD'ARCIWITh FYNCKSAM> BERRYFIELD COTTAGES ALMSHCMISE OIARiri NOTESTOThE FINANaALSTATEMENTS-cortlrNed FORIHE YEPA ENDED 31 MARCH 2024 RELATED PARTY DisaosuHES There were no related partytransè¢tioTrsforthe year ended 31 March 2024 -18- LADYD'ARCI WITH FYNOIESAI￿ BERRYFIELD co￿AGE$Alm$HQuSE CHARITY DETAILED STATEMENT OF FINANaALACTMT*S FOR THE YE￿ ENDED 31 MARai 2024 2024 2023 INCOME AND ENDOWMpns ln¥e5tmentI￿1¥ffle Oiwdend income COIF dÈposit actourtt INte￿$t 6A59 473 4,810 6.832 4,810 Charhable artlvhles Contributionsfeceivable Losseslrom vacarKle5 175.125 158.649 169.123 158.519 T(*al knwrnlr* resources 175.955 163.329 EXPENDIIUAE (thariiabk •¢¢l¥TtI¢s Vacant proFerty costs Wate¥ charges Insurance LEqht and heat Repairs and maIntena￿e Cycllcal repalrs ExtracYdinaryrepair5 Gardenin8 Careline Sundries Bad debt5 Broadband seN1￿5 1371 L710 3.02S 547 33,352 1,595 3AS8 13,469 &0 867 7.975 6,436 4361 Jgo 6,￿3 54.953 58.306 Supwtcosts M#n¥8emeirt Clerks fees Svb5criptions 25.319 19.IS7 315 25.663 19.472 Gownartce (051s Irnlependent examinatlon fees Carrled fotward 318 318 This page does not forrn p•rt of the statutoryflnanclal staternents -19- iADYD'ARCYWITH FYNCHESAND BERRYFELD COTFAGE5 ALMSHOUSE CHARrrY DE￿￿￿D STATEME1￿ OF FINANaALAcfMTIES FOR THEYEPA EPIDEO 31 MARCH 2024 2024 2023 Brought forward A£c4xDtarry fee5 Le8al profesyonalfees 318 1778 5,926 3,671 9.022 3.978 Totsl resouTces exper¥ged 89,638 Bl.756 86,317 81,573 Thi5 poge doES nrtf¢rm part of the statutoryfinandol statements -2(