Charlty number,. 1195619
Earl of Southampton Trust
Trustees, annual report and flnanclal statements
For the year ended 31 March 2024
Compass Accountants Ltd
Venture House
The Tannerles
East Street
Titchfield
H3mpshlre
P014 4AR

Earl of Southampton Trust
Charlty number: 1195619
Contents
Page
Legal and administrative information
Trustees, annual report
Statement of Trustees, responsibililies
Report of the Independent Examiner
Statement of financlal activities
Balance sheet
Notes to the financial statements
9-16
Appendix l- Almshouses Income and expenditure account
17

Earl of Southampton Trust
Charlty number: 1195619
Legal and administrative information
Charlty number
1195619
Principal addre55
24 The Square
TitchfiÈld
Hampshire
P014 4RU
Trustees
Nominated by Fareham BorouÈh Ctsun¢S1
Mrs F Knight (Chairl
Mrs C Hockley
Mrs A Dèvoll
Mr l BTewerton
Co-opted Trustees
Mrs M Burner
Mrs A Kellv
Mrs Kathleen Knights
Mr Nlck Glrdler
Mr Simon Wardell
Mrs Amanda Morait
Mrs Helen Devereux
Em-offltlo Trustee
None at present
Clerk to the Tyustees
Mrs T l Kennev
Independent examiner
Kerry Lawrance FCA
Accountants
Compass Accountants Limited
Venture House
Yhe Tannerie5, East Street
Tltchfleld
Hampshlre P014 4AR
Bankers
CAF Bank Ltd
25 K1ngs Hill AVen￿e
Kings Hill, West Malling
Kent MEJ9 41Q
Sollcltors
Lester Aldridge LLP
Alleyn House. Carlton Crescent,
Southampton S015 2EU
Investment advSsers
Brewln Dolphin
Commerclal Union House
29 Pilgrim Street
Newcastle Upon Tyne
Northumberland NEI IBR
Page I

Earl of Southampton Trust
Charity number: 1195619
Report of the trustees for the year ended 31" March 2024
The Tlustees p¥esent their feport and thè finanelal stalements for the year ended 31, March 2024. The Trustees, who
served durinE the year and up to the date of thi5 repoTt ale set out on paBe l. The Trustees have had due regard to the
Etjidance issued by the Charity CommÈ55ion on Publlc Benefit.
Structurei governznce and management
Governin
Document
The Earl of Southarnpton Trust Is registered as a charity with the Charity Commlsslon. A Charit3ble Incorporated
Constltution dated 23 August 2021 govern5 the Trust.
olntment of Truslees
Thp body of Trustees consists of eleven persons being foul Nominated Trustees and seven Co-opted Trustees.
The Nominated Tru5tÈes are persons who are resident in or near the Ancient Parish of Titchfi@Id and ère appointed by
Fareham Sorough Council. Each term is made for a period Of four years.
The Co-opted Trustees are persons whts have special knowledge of the Ancienl Parish of Tltchfield, by way of residence,
occupation, employment or otherwise. Each term 15 made for a perlod of flve years.
There is currently no Ex-offlcio Trustee (incumbent of the benefice of St Peter, Titchlieldl-
Tiustee Induction & trainln
There is a formal induction policy in plate for whenever a new Trustee is appointed. Before a new Trustee accepts the
appolntment, the elerk provides all new Tru5tee5 Wlth a brleflng pack Containing all relevant Informatlon. The clerk will
arrange a tour of the almshouses and meet some of the residents.
Or
anisation
In addition to the body of eleven Trustees, there Is one non-voting Clerk to Ihe Tru5tee5.
Related Parties
The Charity acts independently from other charities and does not have any related parties.
Risk Mana
emen
There Is a lormal rlsk management policy coverln@ governance. operational, financial, envlionmental and compliance
that is Tevi8wed règularly In all areas of the charity's work. Approprlate action is taken to manage the risks that have
been identified.
Objectives and activities for the public beneflt
Ob
The obj@ct5 of the CIO, as set out in the Charity Commisslon Constitution of 23, August 2021 for the public benefit are..
al the Telief of finanelal hardship, and the relief of poverty, of people in the beneficial cla%% by=
the provision of almshouse accommodation and ancillary eqtslpment, services and financlal relief for
almspeisons appointed from the clas5 of beneficiarles- and
making grants of money or providing or payln8 for items, services or facilities that Èithèr gènerally or
individually will relieve financial hardshlp.
bl the ielief of the tharitable needs of elderly people In the Anclent Parish of Titchfield
Pa8e 2

Earl of Southampton Trust
Charlty number.. 1195619
Report of the trustees for the year ended 31" March 2024
Areas of activl
TheTru5t's aclivities are confined to th8 area of thè Anclent Parish of Titchfield which is now Subdivided into the Church
of England parlshes of st Peter. Titchlield. St Paul, Sarisbuiy & Whileley, St John, Locks Heath, St Mary Hook with
Warsash, Holy Rood, SlubbinBton and St Faith, Lee on Solent.
When an almshouse becomes vacant It Is advertlsed throughout the Ancient Parish inviting application5 from people in
need. The successful applicant Ès selected by a panel of Tru5tee5 on the basls of the degree of need demonstrated.
Most recommendations for Relief In Need Grant5 are made to the Tru51 by the Soclal Servlces, doctors, district nurs@s,
local councillois, or ministers of the varlous churches. Grants are made in the light of the degree of need.
Decisions regarding the mana£ement of any of the above areas are made by theTru5tee5 at thelr monthly meetings and
re carrled out L)v the Clerk. In cases of extrerne urgèncy, Immèdlate asslstance can be given at the direction of the
ChairmaTr.
Public benefit
The Trustees confirm that thoy have rÈfeired to the gtsidan¢e contained in the Charity Commission's general guidance
on public benefit when revlewing the Charity's aims and objective5 and in planning future actlvlties.
Pro
ert
During the year, £78,904.4312023'. £45,574.651 was Spent from the maintenance fund for renovations.
ort for the Elderl
Payments tolaling £10,278.9512023'. £8,960) were made during the year to organisa110115 and Clubs wlthln the Ancient
Parish of Titchfield who provide Support to thc cldorly.
Charitable Grants
Charitable grant payments totalling £18,393.6412023.. £16,399.57) were made during the year. These werè made up as
follows..
Appliances
Carpets
Debts
£2,906
£2,393
E775
£150
Food Vouchers
Household ItÈms
£450
£2,724
Medical Equipment
£750
Support to Local Oreanisations £8,245
Flnancial Review
The Charlty's flnanclal actlvities for the year are shown on the Statement of Financlal Activities on page 9. Total re5ervÈs
of the Charlty 35 of 31 March 2024 amount to £1.818.36012023-. £1,808,946).
The Charlty's propertles are included in the account5 at thè hlstorlcal cost value including any property Improvernent
expendlture. In the opinion of theTrustees, the market value of the Charity's properties IS £5,099,100 beinE £3,460,956
ih èKCè%% of book value.
Accordingly, the Te5erve5 of thè Charity, when the properties are stated at market value, amount to £5.279,31612023.'
£5,293,6531.
Page 3

Earl of Southampton Trust
Charlty number: 1195619
Reportofthe trusteesforthe year ended 31" March 2024
5nvestment
owers and ollc
Brewin Dolphin are the Trust's Investment advlsors.
Re5erve5 PoliE
It is the policy of the charlty to maintain un¥estricted re5erve5, which are the free reserves of the charity, at a levèl that
provides sufficient funds to cover management 3nd administration and supporl costs to respond to emergency
appli¢atiofts for grants that arlse from time to time. The unrestricted general funds al 31 March 2024 amounted to
£1,775,54712023.. £1,766,133) of which El,638,14412023.' £1,399.4571 Is Invested in land and property to fulfil the
charity's objects, with a lurther investment in propeity of £Nil 12023.. £215,000 - the Investment propeTty belng
transferred to freehold land and propeTty in the yearl leavinB free reserves of £137,40312023.' £151.7391 including
designared reserves of £139,01312023.. £139,5221. The Trustees consider that the free reserve5 were malntalned al a
Suitable lovel throughout the year.
Fund Raisln
In compliance with the requirements of the Charities Act 2016 and the Fundraising Regulator it is confirmed that the
Trust does nol undertakè fundralslng and no professional fundralser has been tnvolved. The Trust occasionally rÈtèlve%
sm811 donations. The Trust acknowledges and will comply wlth all requirements to be taken into account for any
fundraiiing actlvities it undertakes in the future.
Plan5 for future Periods
Provide almshouses which are lit for purpose for 21 century living
Piovide grant5 to thcse In need and to support educational advan¢ement to those In flnancial hardship
Improve link5 to primary schools and vSsibility for access to grants
Ralse our profile with gatekeeper5
GTOW our Income and maximise our income from existing sources
6. Attract competent dlverse skllle staff and Trustees to Serve the communitv
Mr l Brèwerttsfi
On behalf of the Board
Date..
Page 4

Earl of Southampton Trust
Charlty number: 1195619
statement of trustees, responslbillties for the ye3r ended 31 March 2024
The Trustees are iesponslble for pieparing theTru5tees' Annual Report lincluding the Strate8ic Report) and the financial
statements in accordance with United Klngdom Accounting Standards Iunited Klngdom Generally Accepted Accounting
Practlcel.
The law applicable to Ihdrlties In England & Wal&s YequlrÈs the Trustees to prepare financial Statements for each
financlal year which Eive a iruÈ 3nd falr view of the State of affair5 of the charity and of the incoming rÈsources and
8pplicatlon of resources of the tharity for that peiiod. In p￿parIng these financial statèmènts, the Trustee5 are iequired
to..
select suitable ac¢ountlng pollcles and then apply them con%lstently,-
observe the. mpthods and principles in the Charities SORP 2019 IFRS 1021,.
make judgements and estimates that are reasonable and prudent,.
stare whether applicable UK Accountingstandards have been followed, subject to any material departures
disclosed and explalned in the financial statpments;
prepare the financial statements on the going con￿rn basi% unless it is inappropriate to presume that the
charitable company will continue In operation.
The Trustees are responsible for keeping proper accountlng records that disclose wlth reasonable accuiacy at any time
the linancial position of the charity and enable them to ensure thai the financlal statements comply with the Charitles
Act 2011, Ihe Charity IAccounts and Repoitsl Regulatlons 2008 and the provisions of the trust deed. They arp also
responsible for salcguardlng the assets of the charity and hence for takinE reasonable steps for thÈ prevention and
delectlon of flaud and other irregularltie5.
Mr l Brewerton
On behalf of the Board
Date: ITh )1 QCQrnber )L)i(k
Page 5

Earl of Southampton Trust
Charity number: 1195619
Independent examlner'5 report to the Trustees of the Earl of Southampton Trust
I report to the charity tru5tee5 on my examSnatlon of the accounts of the charity for the year ended 31sl March 2024
which are set oul Dn pages 7 10 16.
Responslbllitles and basls of report
A5 the charlty's trustees you are responsible for the preparatlon of the accounts in accordance with the requirements
of the Charities Act 20111'the ACYI.
I report In respecl of my examinatlon of the charily's accounts carried out under section 145 of the Act and In carrying
out my ex3mln8tion I have followed all the appllcable Dlrectlons Eiven by the Charity Commission under section
14515llbl of the Act.
Indepertdent examlner's statement
I have completed my examlnatlon. I confirm that material matters h8ve come to my attention In connection wlth the
examlnation @iving me cause to believe ihat in any material respect-
accountlnE records were not kept in respect of ihe charity a5 required by section 130 of the Att,. or
the account5 do not accord wlth those records. or
the accounts do not comply with the applltable requirements concernI￿g the form and contenl of accounts set
out in the Charitles IAccounts and Report%} Rggulatlons 2008 other than any roquirement that the accounts Eive a
't¥ue and fair view, which Is not a matter considered as part of an independent examination.
I have no con¢erns and have come across no other matters in connection with ihe examination lo which altehtlon
should be diawn i
this report In order to enable a proper understandlng of the accounts lo be rè8thed.
Kèrry Lawrance FCA
Compa55 Accountants Llmlted
Ventyre House
The Tannerie5
East Street
Titchfleld
Han7pshire
P014 4AR
Date.. 1gm4 tsEc 2￿4
Page 6

Earl of Southampton Trust
Charity number: 1195619
Statement of financial activities lintorporatlng the income and expendlture Bccountl
For the year ended 31 March 2024
Unrestricted Endowmertt
funds
funds
2024
Total
Unrestrlcted Endowment
funds
funds
2023
Total
Notes
Income from..
Charitable aclivities
WMC Income
154,317
154,317
65,861
65,861
Grant Income
InvesÉmenls
6,156
6,156
1,962
1,962
Total Income
160,473
160,473
67.823
67,823
Expendtture on:
Charitable activilies
CharSlable grants
Almshouse expenditure
Other supporl cost5
29,385
93,466
27,543
29,385
93,466
27,543
12,103
26,720
15,808
12,103
26,720
15,808
Total expendlture
150,394
150,394
54,631
S4,631
Net gainsllltsssesl on investments
16651
16651
3,455
3,455
Net incomellexpendllurel
9,414
9,414
16,647
16,647
Transfers belween funds
Net movement In furbds
9,414
9,414
16.647
16,647
Reconclllatlon of funds:
Total funds brought forward
Total lun(Ss transferred from
predecessor charity- The Earl
of Southampton Trust Icharitv
2385491
1,766,133
42.813
1,808,946
1,749,486
42,813
1.792.299
Total funds carrled forward
1,775,547
42,813
1.818,360
1,766,133
42,813
1,808,946
All recoEnlsed Bains and losses are included in the Statement of fiftanclal activities.
The notes on pages 9 to 16 form an Integral pari of these flnanclal statement5.
Page 7

Earl of Southampton Trust
Charity number: 1195619
Balance Sheet
as at 31 March 2024
2024
2023
Notes
Fixed assets
TangÉble èssets=
Other fixed assets
Freehold13nd and prope¥tv
1,638.144
1.399,393
1,638,144
1.399,394
Inve51ment5'.
ShJrc5 and Securities
Investment property
139,013
139.522
215,OLK)
139,013
354,522
1,777.157
1.753,916
Current assets
Cash at bank and in hand
71.595
61,750
71,595
61,750
Creditors:
Amounts falling due within one year
io
16,5771
6,7201
Net current assets
65.018
55,030
Total assets less current liabilities
1,842,175
1,808,946
Creditors:
Amounts falling due after more than one year
li
123,8151
Net assets
1,818,360
1.808,946
Funds
Unrestricted funds
Designated funds
Endowment funds
12
12
13
1,636,534
139,013
42.813
1,626,611
139.522
42,813
Total funds
1,818,360
1,808,946
The financial statement5 were approved by the Board and signed on its behalf by
Mr l Brewerton
On behalf of the Board of Trustees
Date:
I f Ih
The notes on pages 9 to 16 form an Integral part of these finantial statements.
Pagè 8

Earl of Southampton Trust
Charity number: 1195619
Notes to the financial statements
for the year ended 31 March 2024
Accountlng policle5
1.1. Charity infomiatlon
The Earl of Southampton Trust is a re815tered chaiity, number 1195619.
The Earl of Southampton Trust meèts thè deflnitlon of a public benefit entily under section 34 of FRS 102. Assèts
and liabilities are SnStlally recognised ai historical c05t or transaction value, unle55 Otheiwise stated in the
relevant accountlng polity.
The princip31 objectives of the charity are detailed in the Trustees report.
1.2. Basis of preparation of flnan¢lal statements
The financial 5tatemeniS have bee¢) prepared in accordance with Accounting and Reporting by CharitSes'.
Statement of Recommended Practic2 appllcable to charities preparing theii accounts In accordance wlth the
Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021 issued in October 2019, the
Financial Reporting Standard applicable in Ihe United Kingdom and Aepublic of Ireland IFRS 1021, the Charitles
Act 2011, and UK Generally Accepted Accounling Pr8clice.
The financlal siatements have been prepaied on a going concern basis as the Trustee believes that no mèterial
unceTtaillties exlst. The Trustee has considered the level ol fund5 held and the expected level of income and
exppnditur& for 12 months from authorising these financial statements. The budgeted Income and expenditure
is sufficient with the level of reserves for the charily to be able to contlnue as a Eoing concern.
The financFal statements are presented in sterling which is the ftsnctSonal currency of the company. Monetary
amounts In these financial statements are rounded to the nearest £.
1.3. Fund accountlng
General funds are unrestricted fund5 which are available for use at the discfelion of the T¥uslee5 in furth@rante
of the Beneral objective5 of the Trust and which have not been deslÈnaled for other purposes.
Designaled funds comprise unrestricted funds that have been set aslde by the TrustÈes for partlcular purposes.
The aim and use of each deslgnated fund is set ovt in the notes to the financial statements.
Investment Income. gains and105ses are allocated to the appropriate fund.
1.4. Income
Income is reccFgnlsed when the chaTlty ha5 entltlement to the funds, any performance tonditions attached to
the itemlsl of income have been mel, It Is probable that the income will be ieceived, and the amount tan be
measured reliably.
Income from investments is included in the year in whlch it is receivable.
Legacies are included when the charlty Is advised by the peisonal representatSve of an estate that payment will
be made or property transfe¥red and the amount It)volved can be quantified.
1.5. Investment galns and losses
This includes realisod and unreallsÉd galns or losses on the sale of investments, and any gain or loss rÈsultlnE
from revalulng Investments to market value al the end of thè year.
Page 9

Earl of Southampton Trust
Charlty number: 1195619
Notes to the financlal statements
for the year ended 31 March 2024
1.6. Expendlture
Expenditure 15 recognised on an accrual basis as a liability Is incurred. Expendlture includes any VAT whlch cannot
be fully recovered, and is repoited a5 part of the expenditure to which it relates.
Charitable expenditurÈ comprises those cost5 incurred by the charity in the dellvery of its activities and servlces
foi its beneficiaries. It include5 both costs that can be allocated directly to such actLVltles and those costs of an
indirect nature necessary to support them.
GovÈinance cost5 include those co5t5 incuired in the governance of the company and its assets and are primarily
associated with tonstitutional and statutory requirement5.
1.7. Tangible fixed assets and depreciation
Tangible fixed assets with a cost orvalue greater than £l.000 and a useful life exceeding one year Jre ¢apitallsed
at hlstorlc cost.
Freehold properlies are included in the accounts at their hÉstDrit togt plus improvement expendituie lo date.
An estlmate of the current market valve 15 given by the Trustees in nole 7.
DepreclatlDn has been Provided at rates calculated to spread the cost of each 3sset over its expected useful life
as follows..
Computer and office equipment
33% reduclA8 balance
No deprecialion is provided in respect of freehold properties as, in the opinior* of the Trustees, the expected nÈt
reallsablevalues are signi1Scantly in exce55 of thoircurrent net book values, and any ie5ulting depreclation charge
would be immaterlal.
1.8. Investments
Fixed asset investrnent5 in quoted shares, Iraded bonds 01 slmilar, are valued initially at Cost and subsequentlv
at falr value In the accounts using their mid-maiket Vdluatlons al the year end.
Investment property is carried at falr value determined annually either by the Trustees or by external valuers.
No depreciatlon is provlded and change5 in fair value ale recognised in the Statement of Flnancial Activities.
1.9. Basic finantlal Instruments
The Tru5t'% financial assets and li3billties con5i5t of cash and cash equivalents, short term investments. trade
debtors, trade credltor% and atclued expense5. The fair value of these items approximales their t3rryinE value
due to their short-term value. Unless otherwise noted. the Trust is not exposed to slEnlficant interest, forelgn
exchange or credil ri5k5 drislng Irom these instruments.
1.10. Cash flow Statement
The charily has taken advantage of the small charity exemplion from prepar4ng a tash flow statement.
Page 10

Earl of Southampton Trust
charity number: 1195619
Notes to the flnancial staternents
for the year ended 31 March 2024
Income from Almshouses and other propertv
Unrestrlcted
funds
2024
Total
Unrestrlcted
Funds
2023
Total
Weekly maintenance contributlon
received from Almshouses
Car park income
Other rent received
148,884
5,433
148,884
5,433
62.277
522
62,277
552
3,032
3,032
154,317
154,317
65,851
65,861
Almshouse expendlture
Unrestricted Designated
funds
lunds
20Z4
Total
Unrestricted Deslgnated
funds
fund5
2023
Total
Administration salary
Routine maintenènce
8,424
1.380
255
8,424
84,787
255
3,734
1,713
3,734
22,986
83,407
21,273
urS1ilies and sundry expense5
10,059
83.407
93,466
5,447
21,273
26,720
Governance and support costs
2024
2023
Governance costs
Governance salary
Accountancy
Legal fees
Support COSt5
stationery and postage
Computer consumables
Telephone
Deprèclatlon and loss on disposal of assets
Sundry expenditure
8.423
3,048
11,997
3,799
3,666
7,098
126
577
93
457
50
71
525
715
574
873
55
1,203
Bank tharges
Entertainment
27,543
15,808
Page 11

Earl of Southampton Trust
Charlty number: 1195619
Notes to the flnanclal statements
for the year ended 31 March 2024
Staff costs
2024
2023
Employment costs
Wage5 and 5alarles
Social security cos15
Pensltsn contributions
16.538
7,468
309
65
16.847
7,533
The average number of employees durlng the year was l.
No employee received emoluments of mole than £60,QDD.
Trustees, emoluments
No trLlStees received remuneration during the period or were relmbursed for expenses incurred12023.. Nonè).
Tangible fiKed asset5
Computer
and office
equipmènt
Total
C05t
Cost brought forward
Disposals
At 31 March 2024
DepreciatlDn
At l April 2023
Charge for the year
At 31 March 2024
Net book values
At 31 March 2024
At 31 Marth 2023
Page 12

Earl of Southampton Trust
Charlty number: 1195619
Notes to the financlal statements
for the year ended 31 March 2024
Freehold land and propertv
Weekly
malntenance
Cost Includlng
contributlon Improvements
recelved at l Aprll 2023
C05t includlhg
Market
Improvemenls at
value at
31 March 2024 31 Marth 2024
Addltlon5
Borry's Cott(3gE5
15 High Street
17 High Slreet
19 High Street
Godwins Cottoges
19a South Street
19b South Street
Pursons Cottuoes
16 West Street
18 West Street
7,001
7,450
7,001
225,000
225,000
225,000
3,000
3,tx)o
6.981
7,450
136,016
136,016
245,000
245,000
7,001
8,623
6.981
6,981
240,000
240,000
240,000
240,000
278,040
278.040
20 West Street
22 West Street
Godfrey s Cottoge
14 Frog Lane
Orchord Cottoges
26 Frog Lane
28 Frog Lane
30 Frog Lane
32 Frog Lane
34 Frog Lane
Ellis Cottoges
11 Gainsborough Mews
Ila Galnsborough Mews
Land at Skinhouse Piece
Land at rear of 75 West street
Barrvs Meadow Car Park
Plots 10 & 15
24 The Squ3re
24a The Square (Flat 2 abovel
6 Lower Bèllfleld
8 Lower Bellfield
7,450
166.989
166.989
240,000
7,001
7.002
7,001
6,954
6.957
245,000
245,000
245,000
245,000
245,000
327.860
327,860
8,750
7.001
117,500
117.500
250,000
250,000
600
1.000
2,500
300
300
5.433
2,337
2.337
16,622
23,751
215.000
40,373
215.000
164.165
186,564
250,00
215,000
270,000
270,00
7,848
10.471
6,980
164.165
186,564
154,317
1,399,393
238,751
1,638,144
5.099,lOfl
The Investment property al 24a The Square was transferred to freehold land and property In the year.
PaEe 13

Earl of Southampton Trust
Charity number: 1195619
Notes to the financial statements
for the year ended 31 March 2024
Investments
Shares and $e¢urltles
Book cost Mld-market
Galnsl
Book cost Mld-market
at l Aprll
value at l Additions1 (Losses) on at 31 Maich value at 31
2023 Aprll 2023 IDssposalsl Investments
2024 March 2024
Main investment
COIF Charitles Deposit fund
8,799
8.799
18,7991
Recoupmentlund
Brewin Dolphln Recoupment fund 115,278
115,278
1114.613
16651
Cycliculmuintenoncefund
COIF Charities DeposÈt fund
15,445
15,445
123,568
139,013
139,013
139,522
139,522
156
16651
139,013
139,013
Investment propertv
Freehold Investment
Propertv
Valuation
At l April 2023 and 31 March 2024
Transferred to freehold land and properly
215,000
1215,0001
io.
Creditors: amounts falling due
within one year
2024
2023
Almshouse deposlts
Accruals
Other ¢re(JStors
3,976
2,544
57
3,976
2,694
50
6,577
6,720
ii.
Credltors: amounts falling due
more than one year
2024
2023
Almshouse inteFest free loan
23,815
23.815
Page 14

Earl of South3mpton Trust
Charlty number: 1195619
Notes to the flnancial statements
for the year ended 31 March 2024
12. Unrestrlcted funds
Galnsl
Ilossesl
l April 2023
Income Expendlture
Transfèrs 31 March 2024
General fund
1,626,611
156,694
193,3171
177.2041
1,612,784
Designated funds:
Cyclical maintenance fund
Extriiorcflnary repair fund
Routine maifttenan￿ fund
Recoupment fund
24,244
157
133,8661
131,7821
115,1791
148,478
31,782
15,179
16651 1118,2351
139,013
115,278
3.622
1.766,133
160,473
1174,1441
16651
1,751,797
Galnsl
Ilossesl
l Aprll 2022
Income Expendlture
Transfers 31 March 2023
General fund
1,679,386
133,2951
119,4801
1,626,611
Designated funds..
Cyclical malntenance fund
Extraordin8TV repair fund
Routlne maintenance fund
Recoupment fund
24,244
14.9691
112,4541
13,8501
4,969
12,454
3,850
11,7931
24,244
113,616
3,455
115.278
1,817,246
154.5681
3.455
1,766,133
The following fund5 have been designated by the Trustees..
Cycllcal maintenance fund- the fund was set up to provide for periodic malntenance of the Almshouses, to inclijdè
external and internal redecoration.
Routine Maintenance fund- the purpose of this fund is thè provSslon of every clay mlnor iepalrs and servlcing.
Recoupment fund-the purpose of thi5 fund is to recoup the original purchase and building cost of the AIFllshouses
acquired slnce ihe Trust was @5tabli5hÈd.
Page 15

Earl of Southampton Trust
Charlty number: 1195619
Notes to the flnanclal statements
for the year ended 31 March 2024
13. Endowment funds
Gains/
IIos5esl
l April 2023
Intome Expendlture
Transfer5 31 March 2024
Endowment fund
42,813
42,813
42,813
42,813
Galnsl
losses)
l April 2022
Income Expendlture
Transfers 31 March 2023
Endowment fund
42,813
42,813
42,813
42,813
The endowment fund iepie5ents those assets which must be held permanently by thÈ Charity which in this
case are. the proceeds arising from the sale of pari of the 18nd situated at Barry's Meadow, to enable an
extension to be built to the Jubilee SuTgery.
14. Analysls of net a55ets between funds
Tanglble
fixed assets
Net turrÈnt
Long term
2024
Total
Investments
assets
Unrestricted funds
De5ignaled funds
Endowment funds
1,638.144
22,205
123,8151
1,636,534
139,013
42,813
139,013
42,813
1,638,144
139,013
65,018
123,8151 1,818,360
Tanglble
fixed assets
Net current
assets
2023
Total
Investments
Unre%tritted Ivnds
Designated funds
Endowment funds
1.399,394
215,000
139,522
12,217
1,626,611
139,522
42,813
42,813
1,399,394
354,522
55,030
1,808,946
Page 16

Earl of Southampton Trust
Charity number.. 1195619
Appendix I
Almshouses
Income and expenditure account
For the year ended 31 March 2024
2024
2023
Income
Weekly malntenance contrlb¢Jtion received (note 71
154,317
65,861
Expendlture
Malntenance fund
83.407
22,986
Repairs and Renewa15
1,380
Insurance
Subscrlptlons and Courses
Rates and water
255
Administration Salary
8,424
3,734
93,466
26,720
Net Income from Almshouses
60,851
39,141
Page 17