Charlty number.. 1195619
Earl of Southampton Trust
Trustees, annual report and flnan¢lal statements
Forthe year ended 31 March 2025
Compass Accountants Ltd
Venture House
The Tanneries
East Street
Titchfield
Hampshire
P014 4AR

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

Earl of Southampton Trust
Charity number: 1195619
Legal and admlnlstratlve Informatlon
Charity number
1195619
Principal address
Venture House
The T3nneries
East Street
Tltchlleld
HèmpshSre
P014 4AR
Trustees
Nominaled by Fareham Borough Covncil
Mrjosef Thoma (Chair from January 20251
M15 Fiance Knight Ichair until January 2025
Mis Conslance Hockley lijntil Apis120241
Mr l Brewerton (vice Chairl
Mis Amanda Jobling (Eintil March 20251
Co-opted Trustees
Mr5 Amy Kelly
Mrs Kathlee￿ Knights luntil August 20241
Mr Nick Girdelr luntll Augusl 20241
Mr Simon Wardell
MTS Arnanda Morait
Mrs Helen Devereux
Mr Colln Wllton-smith
Mrs Lynne Barrett (from D8￿mber 20241
Mrs Rosie Cassidy (from December 20241
EK-Officio Trustee
Rev Penelope Ann Thatcher
fron)
1 2024
Clerk to the Trustees
Mrs T l Kenney
lrtdependent examiner
Kerry Lawrance FCA
Accountants
Compass Accountants Llmited
Venture House
The Tanneries. East Street
Titchfield
Hampshliè P014 4AR
Bankers
CAF Bank Ltd
25 Kings Hill Avenue
Klngs Hill, West Malling
Kent ME19 4JQ
Solicltors
Lester Aldridge LLP
Alleyn House, Cailton Crestent,
Southampton S015 2EU
Investment advlsèrs
CCIA Fund Managers Limited
One Angel Lane
London
EC4R 3AB
Page I

Earl of Southampton Trust
Charlty number: 1195619
Report of the trustees for the year ended 31, March 2025
The Trustees present their report and the financial statemÈnts for the year ended 31, March 2025. The Trustees. who
served during the year and up to the date of this report are set out on paEe l. The Trustees have had due regard to the
Euidance issued by the Charity Commission on Publlt Benetit.
Structureth governance and management
Govertiiti
Document
The Earl of Southampton Trust is registered a5 a charity with the Charity Commission. A Charitable Incorporated
Ccnstilulion dated 23, August 2021 governs the Trust.
olntment of Trustees
The body of Trustees consist5 of eleven persons belng four Nominated Trustees and seven Co-opted Trustees.
The Nominated Tru5tee5 ale peisons who are resident In or near the Ancient Parish of Titchfield and are appointed by
Fareham Borough Council. Each ierm is made for a period of four years.
The Co-opted Trustees aro persolls who have spècl81 knowledge of the Anclent Parish of Titchfield, by way of residence,
occupation, employment or otherwise. Each term is made for a peTiod of live years.
Trustee Induction & trainin
There is 8 formal Snductlon policy In place for whenever a new Trustee is appointed. Before a new Trustee accepts the
appointment, the clerk provides all new Trustees wlth a brlefln8 pack contalning all relevant information. The clerk will
arranEe a tour of the almshouses and meet some of the residents.
Or
anisation
In addition to the body of eleven Trustees, there is one nL)n-voting Clerk to the Trustees.
Related Parties
The Charity 3cts Independently Irom olher charities and does not have any related parties.
Risk Mana
ement
There is a formal risk management pollcy coverlng governance, operational, financial, environmental and compliance
that is reviewed regulaily in all afeas of the ch31ity's work. Appropriate a¢tion Is taken to manage the rlsks that have
been Identified.
Objectives and activities for the public benefit
Ob'ect5
The objects of the CIO, as Set out in ihe Charily Commisslon Constltutlon of 23 Avgusi 2021 for the public beneflt are..
al the relief of financial hardshlp, and the rellef of poverty, ol people in the beneficial class bv..
the provision of almshouse accommodation and ancillary equipment, service5 and flnanclal reller for
almspersons èppolnted from the class of beneficiaries- and
making grants of money ol providing or paying for items, servlces or fatllliles that elther generally or
Individually wlll relleve financial hardship.
b} the relief of ihe charltable needs of elderly people in the Ancient Parish of Titchfield
Page 2

Earl of Southampton Trust
Charity number: 1195619
Report of the trustees for the year ended 31" March 2025
Areas of activit
The Tlust's activities are confined to ihe area of theAncient Paiish of Titchfield which is now subdivlded Into the Church
of England parishes of St Peter, Titchfield, St Paul, Sarisbu¥y & Whiteley, St John, Locks Heath, St Mary Hook with
Warsash, Holy Rood, Stubbington and St Faith, Lee on Soleftt.
When an almshouse becom￿& vatant it is advèrti%Èd throughout thè Anclènt P3rlsh invlting Bppllcations from people in
need. The successful applicant is selected by a panel of Trustees on the basis of the degree of need demonstrated.
Most recommendations foT Relief in Need Giants are made to the Trust by the Social Service5, doctors, district nurses,
local couhcillors, or ministers of the various ¢hur¢hes. Grants are made In the light of the degree of need.
Decisions iegarding the management of any of the above areas arÈ made by theTru5tÈes at their monthly meetlngs and
are carried out by the clerk. In cases of extreme urgency. immediale assistan￿ can be given at the direction of the
Chairman.
Public benefit
The Trustees confirm that they have referred to the guidance contalned iFb the Charlty Commission's general guidance
on public benefit when reviewinE the Charity's aims and objectives and in platEnÈng future 3elivltles.
Pio
eTt
During the year, £97,82612024'. £78,9041 was spent fiom the malntenance fund for ienovations.
Su
Drt for the Elderl
Payments totaling EIO.34512024: £10.2791 were made during the year to organisations and club5 Within the Ancient
Parish of Titchfield who PTovidc Support lo the elderly.
Charltable Grants
Charitable Èfant payments totalllng £28,864 12024: £18.3941 were made durlng the year. These were made up as
follows..
Appliances
Car
£2.032
£2,317
£9,226
£1,526
£1,495
£746
Carpets
Childcare Vouchers
CounsellinE
Debts
ki
Dental Treatment
Food Voucheis
£490
£1,000
£1,280
£399
£800
Household Items
Computer Equipment
Mèdlcal Equipment
School Trip/Uniforms
£390
Support to Local Organisatlons £7,163
Financial Revlew
The Charity's financial activities for the year are shown on the Statement of Financial Activities on page 9. Total reserves
of the Chailty as of 31 Marth 2025 amount to £1,814,14912024'. £1.818,36cII.
Page 3

Earl of Southampton Trust
Charlty number: 1195619
Report of the trustees for the year ended 31, March 2025
The charity's propèrtlès are included In the 3CCOUnts at the historical c051 value including any property Improvement
expenditure. In the oplnlon of the Trustees, the market value of the charity's properties is £5,224,100 belnÈ £3,496,836
in excess of book value.
Accordinglyi the reserves of the Charlty, when the propertles are %tatÉd at market value, would amount to £5,310,985
12024.. £5.279,3161.
Investment
owers and olic
CCLA Fund Managers Limited are the Trust's investment advisors.
Reserves Pollc
It is the pollcy of the charity to maintain unrestricted reserves, wliich are the free reserves ofthe charily, at a level that
providos sufficient funds to cover management and adminisirarion and stspport costs to respond to ernergpncy
applicatlons lor 8rant5 that ar15e from time lo time. The unrestricted Eeneral funds at 31 March 2025 amounted to
£1.771.33612024: £1.775,5471 of which £1,727,26412024.. £1.638,1441 is Invested in land and properly to fulfil the
chaTrty'5 object5. The Trustees consider that the free ¥eseives were maintained at a suitable level throughout the year.
Fvnd Raisin
In compliance with the requirements ol the Chariti@s Act 2016 8nd the Fundr31sing Regulator it is confirmed that the
Trust doe5 not yndeitake fundraising, and no professional fundraiser has been involved. The Trust occasionally receives
small donations. The Trust acknowledges and will comply wllh all requlrements to be taken inlo account for any
fundralsing activitie5 it undeitakes in the future.
Plans for future Period5
Looking ahead to 2025-26, the Trustees intend to-
Explore Investment In addltlonal prDpeTtles to expand Ihe Tru5Vs housing portfolio,.
Continue strateglc revlews to strengthen govprnance. and long-term planning.,
Promote the piovision of Support for the Elderly within the Ancient Parish of Titchfield and encouraEe more
pplications,.
Ensure all Trust prope¥lies requiring refurblshment are assessed and braught up to standard,.
5. Strengthen outreach to ralse awareness of the Trust's charltable support offerlngs.
Mr Jos&fThoma
On behalf of the Board
Date:
Page 4

Earl of Southampton Trust
Charity number: 1195619
statement of trustees, responsibilitie5 for the year ended 31 March 2025
The Trustees are responsibl@ for preparing thÈ Trvstees, Annual Report (including the Strategic Report) and the fSnanclal
statements in accordance with United Kingdom Accounting Standards Iunlted Klngdom Generally Accepted Accounting
Practice).
The lttw applicable to charities in England & Wales rp.quire5 the Trustees lo prepare Ilnanclal statements for eèth
financial year which give a true and fair view of the state of affairs of the chèrlty Bnd of the IncoM￿ng resource5 and
application of ie50uice5 of ihe chaiily for that period. In preparing these financial statements, IheTiustees are required
to..
select suitable accountlng policies and then apply them con515tently-
observe the methods and principles In the Charities SORP 2019 IFRS 1021,.
make judÈemeftts and @stim3tÈs that 3rÈ rÉasonablp and prude.nt,.
state whether applicable UK AccountinRStanda¥ds have been followed, subject to any materlal departures
disclosed and explained in the financial statements-
prepare the financlal statement5 on the going concern basis unle55 it 15 inappiopTiate to presume that the
charitable tompany will continue in operation.
The Trustees are responsible for keepinÉ proper accountlng records that d15close with reasonable accuracy at any time
the flnarhcial p0511ion of the chaiity and enable them to ensure ihat the financial statements comply with the Charities
Act 2011, the Charity (Accounts and Reportsl Regulalions 2008 and the provlsions of the trust deed. They are also
responsible for safeguardlnÈ the assets of the charlty ènd hÈncÈ for takirtg reasonable steps for the prevention and
detection of fraud and other Irre8ulaTltle5.
Mr JosefThoma
On behalf of the Board
Date..
I,Iz£
Page 5

Earl of Southampton Trust
Charity number: 1195619
Independent examiner's repurt to the Trustee5 of the Earl of Southampton Trust
I report to the charity trustees on my examination of thè accounts of the charlty for the year ended 31sl March 2025
which are set out on page5 7 to 17.
Responslbllltles and basls of report
As the charitvs trustees you are responsible for the preparation of the accounts In accordance wlth the requlrements
of the Chaiities Act 20111'the Act'l.
I report in respect of my examination of the charit￿5 accounts carried out under section 145 of the Act and in carrying
out my examination I have followed all the appllcable DlrEcllons glven by the Charity Cornmission under section
14515llbl of tho Act.
Independent examlner's statement
I have completed my examination. I confirm that no mBterial n)atters have come to my attention in connection with the
exainination giving me cause to believe that in any materlal respect..
aCCOL4ntlng records were not kept in respect ol the charity as required by section 130 of the Act- or
Ihe accounts do not accord with those retords,. or
the account5 do not comply with the applicable iequiremenls concerning the form and content of accounts set
out in the Charities (Accounts and Reportsl Regulation5 2009 oiher than any requlrement that the accounts glve a
'true and fair view, which is not a matter considered as part of an independent examination.
I have no concerns and have come acr055 no Dther matters in connectlon wlth the examinatlon to whlch attentlon
should be drawn 4
is report in order to enable a proper understandlng of thè attounts lo bè reached.
Kerry Lawrance FCA
Compass Accountants Llmlted
Venture House
The Tanneries
East Street
Titchfleld
Harrpshire
P014 4AR
Date: i*lio12oZS
Page 6

Earl of Southampton Trust
Charlty number: 1195619
Statement of financial activities {incorporating the income and expenditure account)
For the year ended 31 March 2025
Unrestrl¢ted Endowment
funds
funds
2025
Total
Unrestrlcted Endowment
funds
fvnds
2024
Total
Notes
Income from:
Charitable activilies
WMC income
Investments
173,001
8,411
173.001
8,411
154,317
6,156
154,317
6,156
Total Income
181,412
181.412
160.473
160.473
ExpendltUTe on:
Charitable activities
Charltable erants
Almshouse expenditure
Other support costs
39.209
107,849
38,565
39.209
107,849
38,565
29.385
93,466
27,543
29.385
93,466
27,543
Total expendlture
185,623
185,623
150,394
150,394
Net gainslllossesl on investments
16651
16651
Net incomellexpenditurel
14,2111
14,2111
9,414
9,414
Transfers between fund5
Net movement In funds
14,2111
14,2111
9,414
9,414
Reconclllatlon of funds:
Total funds brought forward
1,775.547
42.813
1.818,360
1,766,133
42,813
1,808,946
Total funds carrled forward
1,771,336
42,813
1,814,149
1.775,547
42,813
1,818,360
All recognised Eains and105se5 are incltFded in the 51atement of financial activitie5.
Thè notes on pages 9 to 16 form an Integral part of these financlal statements.
Page 7

Earl of Southampton Trust
Charity number: 1195619
Balance Sheet
as at 31 March 2025
2025
2024
Notes
Fixed assets
Tangible assets..
other fixed assets
Freehold land and propertv
1,727,264
1,638,144
1,727,264
1,638,144
Investments..
Shares alld seculities
139,013
139,013
139,013
139,013
1,866,277
1,777,157
Current a55etS
Cash at bank and in hand
50.584
71,595
50.584
71,595
Credltors:
Amounts falllng due wlthin one year
12,712
16,5771
Net current assets
47,872
65,018
Total assets less current liabilities
1,914,149
1,842,175
Creditors:
Amounts falllng due after more than one yeai
io
11(MJ,0001
123.8151
Net assets
1,814,149
1.818,360
Funds
Unrestricted funds
Designated funds
Endowment funds
li
1,632,323
139,013
42,813
1,636,534
139,013
42,813
li
12
Total funds
1,814,149
1,818,360
The financlal statements were approved by the Board and siened on its behalf by
Mr J05efThoma
On behalf of the Board of Trustees
Date:
The notes on pages 9 to 16 form an Integral part of these flnanclal statements.
Page 8

Earl of Southampton Trust
Charity number: 1195619
Notes to the financlal statements
for the year ended 31 March 2025
Accounting policie5
1.1. Charlty Informatlon
The Earl of Southampton TIu5t is a iegi5tered charity, numbe¥ 1195619.
The E3rl of Southampton Trust meets the dÈfinitlon of a public benefit entity under section 34 of FRS 102. Assets
and liabilities are initially recognised at historical cost or transactlon value. unless otherwise stated In the
relevant accounting policy.
The principal objectives of the charity are detailed in the Trustees report.
1.2. Basls of preparation of flnanclal statements
The financlal statements have been prepared In a¢cordance with Accounting and Reporting by Charities-.
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the
Flnèncl81 Reportlng Standèrd appllcable in the UK and Republlc of Ireland IFRS 1021 issued in October 2019, the
Financial ReportinE Slandard applicable in the United Kingdom and Republic of Ireland IFRS 1021, the Charitie5
Act 2011, and UK Generally Accepted Accounting Practice.
The financial statement5 have been prepared on a going concern bésis a5 the Trustee believe5 that no material
untertaintiès exlst. The Trustee has consldèrÈd thé level of funds held and thè Èxpected lÈvèl of Sntomè and
expenditure IOF 12 rnonihs from authoiising these linancial statement5. The budgeted income arid expenditure
is sufficient with thè level of reserves for the charity to be able to continue as a going concern.
The Ilnanclal staiements are presented In sterling which Is the functional currency of the company. Monelary
amoltnts in these financial statements are rounded to the nearest E.
1.3. Fund accounting
General lunds dre unrestricted funds whlch die dviiiltible for use at the discretion ol the Trustees in furtherance
of the general oblectlves of the Trust and which have not been designated for other purposes.
Designated fund5 comprise unrestritted fvnds that hav8 been set aside by the Trustees for particulaT purposes.
The aim and use of each de5iEnated fund is set out in the notes lo the financial stalements.
Investment income, gains and losses are allocated to the appiopriate fund.
1.4. Income
Income is recoEnised when the charity has entitlement to the funds, any performance condition5 attached to
the itemlsl of income have been tnet. it is piobBble thBt the incume wlll be received. and the amount can be
measured reliably.
Incomè from invektments is includÈd in the yèar In which It Is recelvable.
Legacies are Included when the charSty Is advlsed by the personal representatSve of an estate that payment w511
be made or property transferred and the amount involved can be quantified.
1.5. Investment gains and losses
Thls include5 reali5ed and unrealised Balns or losses on rhe sale of investmenls, and any galn or loss iesultin8
from revaluing inve5tmentS to market value at the end of the year.
Page 9

Earl of Southampton Trust
Charlty nurnber: 1195619
Notes to the financial statements
for the year ended 31 March 2025
1.6. Expendlture
Expenditure is recognised on an accrual basis as a Ilabllity Is incuired. Expendlture Includes anyVATwhlch iannol
bE fully Fecovered, and is reported as pa¥t of the expenditure to which it relakes.
Charitable expenditu¥e comprises those costs incurred by the charity in the delivery of Sts aetlvitles and servlces
for its benèficiarSes. It Includes both costs that can be allocated dlrectly to such actlvltles and ihose tosts of an
Indirect nature necessary to support them.
Governance costs Include those ¢05ts Incuired In the Eovernance of the company and it5 a55ets and are primarily
associated wlth constitutional and statutory requirements.
1.7. Tangible fixed assets and depreciation
TanglblE fixed a55ets with a c05t or value greater than £1,000 and a useful life exceeding one year are capitalised
at histo¥lc cost.
Freehold propertios are Included In thè accounts at their hi510ric cost plu5 ImprDvement expenditure to date.
An estlmate of ihe current market V31uo is given by the Trustees in note 7.
DeprEciation ha5 beerb provided at lates calculated to spread the c05t of each a55et over its expected useful Ilfe
as follows..
Computer and officÈ Èqulpment
- 33% reducing balante
No depreclallon Is provlded In ¥espect of freehold propertles as. in the oplnlon of the Tru51ee5. the expected net
realisablevalues ale significantly in exce55 of their current nei bookvalue5, and any re5uliin8depreclatlon charge
would be immaterial.
1.8. Investments
Fixed a55et inve51ment5 in qUDted share5, traded bonds or Similar, are valued iwjitially at cost and Subsequently
at fair value in the accounts uslng their mid-market valuations at the year end.
Investment property Is carried at falr value dÈtermined annually elthei by the Trustee5 or by external valuers.
hlo depreciation is provirled ènd changes in fair value are recognised in the Statement of Financial Activities.
1.9. Basic financial Instruments
The Trust'5 financial asset5 and liabilitie5 consist of cash and cash equivalents, short term investmenls, t¥ade
debtors, trade creditors and acc¥ued experbses. rhe fair value of these items approxlmates their carrying value
due to their short-term value. Unless otherwise noted, the Trust is not exposed to sienificant interest, foreign
exchange or ciedit risks allsing from these instruments.
1.10. Cash flow statement
The charlty has taken advantage of the small chailty exemptlon fr(Im preparlng a cash flow 5tatem2nt.
Page 10

Earl of Southampton Trust
Charity number: 1195619
Notes to the flnanclal statements
for the year ended 31 March 2025
Income from Almshouses and other property
Unrestrlcted
funds
2025
Total
Unrestrl¢ted
Funds
2024
Total
Weekly maintenance contribution
received from Almshouses
Car park Income
Other rent received
164.838
6,435
1,728
164,838
6,435
1,728
148,884
5,433
148,884
5,433
173.001
173,001
154,317
154,317
Almshouse expenditure
Unrestrlcted Deslgnated
funds
funds
2025 Unrestricted Designated
Total
funds
funds
2024
Total
Admlnistration salarv
Routine maintenance
9,743
9,743
97,826
8,424
1.380
255
8,424
84,787
255
97,826
83,407
Ulilities and sundry expenses
280
10,023
97,826
107,849
10,059
83,407
93,466
Governance and support costs
2025
2024
Governance costs
Gov@rnancÉ salaly
Accountancy
Legal fees
Support costs
stationery and posta@e
Computer consumables
Telephone
Depreclation and1055 Qn disposal of a55et5
Sundry expendilure
9,744
3,768
18,171
8.423
3,048
11,997
99
832
199
126
577
525
4.984
715
873
55
Bank chaiges
Enlerlainment
1,203
38,565
27,543
Page 11

Earl of Southampton Trust
Charlty number: 1195619
Note5 to the financial statement5
for the year ended 31 March 2025
Staff costs
2025
2024
Employment costs
Wages and salarles
Soc131 securlty costs
Pension contributlons
18,889
16,538
598
309
19,487
16,847
The average n(tmber of employees during the year was l.
No employee re£eived emoluments of more than £60,000.
Trustees, emoluments
No trustees recelved remuneration durlng Ihe perlod or were reimbursed for expenses incurred12D24'. None).
Tangible fixed asset5
Computer
and offlce
equlpment
Total
Cost brouÈht forward
Oisposals
At 31 March 2025
Depreclatlon
At l Apiil 2024
Charge for the year
At 31 Maich 2025
Net book values
At 31 March 2025
At 31 March 2024
Page 12

Earl of Southampton Trust
Charity number: 1195619
Notes to the financlal statements
for the year ended 31 March 2025
Freehold land and property
Weeklv
maintenance
Cost Includlng
ontrlbution improvements
re¢elved at l April 2024
Cost intludlng
Market
Improvements at
value at
31 March 2025 31 March 2025
Addltlons
Barry s Cottages
15 High Street
17 High Street
19 HiÈh Street
Godwins Cottuges
193 South Street
19b South Street
Pursons Cottoges
16 West Street
7.380
7,569
8,208
225,000
225,000
225,000
3,000
3.000
9,050
8,208
136,016
136,016
245,000
245,000
8,208
9,993
8,208
8,208
240,000
240,000
240,000
240.000
18 West Street
20 West str8et
22 West Street
Godfrey s CottugÈ
14 Frog Lane
Orchord Cottoges
26 Frog lane
28 Frog Lane
30 Flog Lane
32 Frog Lane
34 Frog Lane
Ellis Cottoges
11 Gainsborough Mews
Ila Gainsborough Mews
Land at SkSnhouse Piece
Land at rear of 75 West Slreet
Barry's Meadow Cai Park
Plots 10 & 15
24 The Square
248 The Square IFlht 2 above)
6 Lower Bellfield
8 Lower Be15field
278,040
278,040
7.889
166,989
166,989
240.000
8.208
8,208
8.208
8,208
4,049
245,0110
245,000
245,000
245,000
245,000
327,860
327,860
9,642
6.515
117,500
117,500
250,000
250.000
600
1.000
2,500
300
300
6,435
2,337
2,337
1,819
3,625
11,842
11,593
40,373
215,000
164.165
186,564
40,373
304,120
164,165
186,564
215,000
215,000
350,000
350,000
89.120
171,273
1,638,144
89,120
1.727.264
5,224,100
The investment PToperly at 243 The Square was tran51erred to freehold land and property in the previous year.
P￿e 13

Earl of Southampton Trust
Charlty number: 1195619
Notes to the financial statement5
for the year ended 31 March 2025
Investments
Shares and securitie5
Book cost Mld.market
Gains/
Book cost Mid-market
at l Aprll
value at l Additlonsl IL055esl on at 31 March value at 31
2024 April 2024 IDisposalsl Investment5
2024 March 2024
Cycllcol molntenoncefund
COIF Charities Dep051t fund
139,013
139,013
139,013
139,013
139,013
139,013
139,013
139,013
Creditors: amounts falllng due
wlthln one year
2025
2024
Almshouse deposits
Accruals
Other creditors
3,976
2,544
57
2,598
114
2,712
6,577
io.
Creditors.. amounts falling due
more than one year
2025
2024
Almshouse interest free loan
loo,000
23,815
loo,000
23,815
Page 14

Earl of Southampton Trust
Charity number: 1195619
Notes to the financial statements
forthe year ended 31 March 2025
11. Unrestricted funds
Galnsl
(lossès)
l Aprll 2024
Income Expendlture
Transfers 31 March 2025
General fund
1,636,534
181,412
187,7971
197,8261
1,632,323
Deslgnated funds..
Cycllcal malntenan¢e fund
Extraordinary repair fund
Routine malntenan¢e fund
139,013
143,1841
149,6901
14,9521
43,184
49.690
4,952
139.013
1,775,547
181,412
185.623
1,771,336
Unrestricted funds
Galnsl
(losse51
I ApT412023
Income Expendlture
Transfers 31 MaTch 2024
General fund
1,626,611
156,694
169,5671
177,2041
1,636,534
Designated funds..
Cyclical maintenance fund
Extraordinary repalr fund
Routlne maintenance 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
1150.3941
16651
1.775.547
The followlng funds have been designated by the Tru5tee5-
Cyclical maintenance fund- the fund was set upto provldefor porlodlt maintenance of the Almshouses, to Include
external and internal redecoration.
Routine Malntenante fund- the purpose of this fund is the provision of every day minor repairs and serviclng.
Rècoupment fund-the purpose of this fund is to recoup the original purchase and buildln8 cosi of the Almshouses
acquired since the Trust was established.
Page 15

Earl of Southampton Trust
Charlty number.. 1195619
Note5 to the financial statements
for the year ended 31 March 2025
12.
Endowment funds
Galhsl
Ilossesl
l April 2024
Income Expenditure
Transfers 31 March 2025
Endowment Fund
42.813
42,813
42,813
42,813
Galnsl
Ilossesl
l Aprll 2023
Income Expendlture
Transfers 31 March 2024
Endowment fund
42,813
42,813
42,813
42,813
The tsndowment fund represents those ossets which must be held permanently by the Charity whlch In thls
case are the proceed5 arislng from Ihe Sale of part of the land sltuatèd at Barry's Meadow, to enable an
exlension to be built to the Jubilee Surgery.
13. Analysis of net assets between funds
Tartg4ble
flxed assets
Net current
Long term
2025
Total
Investments
asset5
Unrestri¢ted funds
Designated funds
Endowment funds
1,727,264
5,059
11(x),0001
1,632.323
139,013
42,813
139,013
42.813
1,727,264
139,013
47,872
iioo,0001
1,814,149
Tanglble
flxed assets
Nèt turrènt
Long term
2024
Investment5
assets
Total
Unrestricted funds
Designated fund5
Endowment funds
1,638,144
22,2D5
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
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Earl of Southampton Trust
Charlty number: 1195619
Appendix I
Almshouses
Income and expenditure account
For the year ended 31 March 2025
2025
2024
Income
Weekly malntenance contribution recelved (note 71
171,273
154,317
Expendlture
Malntenance fund
97,826
83.407
Repalrs and Renewals
1.380
Rates and water
280
255
AdmSnlstration salary
9.743
8,424
107,849
93,466
Net Income from Almshouses
63.424
60,851
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