Charity registration number 1196238 Company registration number CE026969 (England and Wales) LAWRENCE SHERIFF ALMSHOUSES ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
LAWRENCE SHERIFF ALMSHOUSES LEGALAND ADMINISTRATIVE INFORMATION Trustses S Roodhouse AE Gillias S Beamenl J Roodhouse M Denness T Willis {Appointed 25 May 20231 Charity number 1196238 Company number CE02S969 Principal address 41 Bracken Drive Rugby dwickshire CV22 6SL Independent examiner Collons Accountants LLP Chestnut Field House Chestnut Field Rugby Warwlckshire United Kingdom CV212PD
LAWRENCE SHERIFF ALMSHOUSES CONTENTS Pa9e Trustees. report Independent examineffs report Stslemenl of ffnanual activiues Balance sheet Notes to the finanoal slalements 8-16
LAWRENCE SHERIFF ALMSHOUSES TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 ARCH 2024 The Iwstees Present their annual report and finanaal slalemenls for the year ended 31 March 2024. The finanual $18tements have been prepared in accordan Wth the accounting poliryes set out in notes to the finanal statements and comply wlh the charitws governrng document, the Companies Act 2006 and 'Accounting and Réporting by Charities.. Statement of Re¢ommended Practice applicable to charities prèparing their 8¢counts in accordan¢e with the Financsal Reporting Stsndard 8pplii%ble in the UK and Republic of Ireland IFRS 102 IA)" {effective 1 January 20191. Objectives and activities The object of the charity is the provtsion of chariiable soeAal housing in the form of Mmshouses accommodation for ged men in the Borough of Rugby, who have resided in the borough for not less than ten years before the time of the appointment, 2nd who are in need of Such accomrnod*ion due to financial hardship or limited financial resources. The IfU51ees may in exceptional arcumsl8n¢es appoint a resident who Iwes outside the Borough of Rugby who is othenlSe qualified. The trustees musl record the exceptional ¢ir¢umstantss in the minutes. The numter of residents appointed under this Sucl8U$e musl not exceed one third ofth¢ number of residents al any one time. The charity aims to benefit the public by promding safe and se¢ure accommodalKJri for individuals who would olhwwse fall through the housing nel due to the laek of affordable rent accommodalion that suits their needs. The trust have paid du¢ Tegard lo guidance issued by the Charity Commission in deciding what a1VItieS the chaiity should undertake. Achievements and performantte The ¢harily h8s aeJ)ieved its objectNes in the year. The thrity has now movèd inlo constsu¢tion and remodelling of the sile. Working with the Amshause Consortiu who appty lo Homes England and our successfltl application along funding from Rugby Borough cou1 and grants has alloweil us to move foTW8rd. The progr8mme is in phases and will bTing 811 the units up to modem day standards wlh good qualty energy ratings. We have been ae to move residents around Ihe stte to allow works to colnmen. Ph8se One 4 units wll cornplete July 2024 the n¢xl five units will run till the beginning of 2025 then moving lo the last two units and waTdens house into 2026. The trustees have also secured enough funding lo allow a new build of 4 units whid) will wal be delivered into 2026 followed by landscaping and se¢urity improvements. Warwickshire County Council has also awarded the mshouses a section 106 grant tow2rds the new build. The trustees wsh lo acknowledge and thank funders along with the Charity Bank, Almshouse Association and the work of the Superintendent in supervising the properties and assisting the almsmen during what have been challenging limes.
LAWRENCE SHERIFF ALMSHOUSES TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARGH 2024 Financial review Normal income and expenditu for the year was £20,000 and £16.000, respeclNely, giving a surpluts on ordinary activity of £4,000. Income continued al the low level experienced in the previous year as on¢e again only 7 of the 11 bungali)ws were 0pIed throughout the fit7anaal period. Note that the comparslive figures on charitable activities are higher in the preOuS year 8$ they were for 8 17-month period (first awunts after Ihtr CIO change. from Ncsvember 202110 March 20231. )hfith the cnrnmen¢ement of the development project in January 2024. the first tsvo monthly charges from Batchelors Builders weTe prtsceed in the year al a loial cost of £66,000.. a Corresponding loan amount was drawn dovm from Charity Bank. Enabling costs of £22.000 were incurred prior to the slart of building work to enable residents to move from the bungal¢)ws being developed in phase one of the projed- these were covered by a grant from Rugby Borough Counal. Other costs (mostly professional fees) lotaling £44,000 were incurred eaTlier in the financial year lo fijlfill requlremenls in adv8n¢e of the projeci stsrting. These costs have been capitslised in the finanua stalements. The combined result for the year on all acliwly was thèrefore a surplus of £4,000 with a dosing bank balance of £8,000. A detailed cash forecast is being followed and regularty reviewed to ensure the proje¢i cosls are covered by 8 Combination of approved grants and108n. With regards the fraud, Warwickshire Police Fr8ud Office were in the process of investigating simlar offences in other charities lo produce a combined file against the perpetrator when he passed away in November 2023. The police are therefore Lable to pursue a criminal prosaeution and the file has been ¢losed. 11 is the policy of the charity Ihal unrestricted funds which have not been designated for a specific use should be maintained at a levèl equivalent lo between threè 2nd six rnonlh's expenditure. The Irusiees consider that reserves at this level will ensure Ihat. in the event of a significant drop in funding, they will be able to continue the charity s current aclivibes while consideration is given lo ways in whith additional fvnds may be raised. This levei of reserves has been maintsined Ihrouohoul the yeai. Structure. governance and managemènt The charity 1$ controlled by its gtsveming documeftt (dated 22110r2021) The trustees. who are also Ihe directors for the purpose of Company law. and who served during theyear and up lo the dale of si9nalure of the financial stslemenls were.. S Roodhouse AE Gillias B Green S Beamenl J Roodhouse M Denness T Wfillis (Resigned 14 Dernber2023) {Appoinled 25 May 2023) There should be S nominated trustees and three co-opted trust. The appointing btsdiès. the Governors of Rugby Sch(1 and Rugby Borough Council, may e8ch appoint threè Irustees. The otherlhree trustees are ¢o-OPted. However, the charity is ¢urrendy being run with six trustees. There are three vacanThes lo fill Ihe remaining positions. The appointmen( is covered in the con8tilutton paragraph 10 and thts trustees follow guidance frtsm the Almshovse Association. The trustees have powers to tyop. This is done by application and a meeting of the trustees. Potential tTuslees are given an expeCtatn of the responsibilithes required and they ¢an meet existing trustees to discuss the role and also visltthe Almshouses. None of the trustees has any beneficial interest in the company. Al of the tru51etrs a Members of the company and guarantee to contribute £1 in the event of a wnding up.
LAWRENCE SHERIFF ALMSHOUSES TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 IWARCH 2024 Thts tr(tslees' report was approved by the Board ofTruslees. se M Denness Tnjstee Trustee Date.. 1 £1812+.............
LAWRENCE SHERIFF ALMSHOUSES INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LAWRENCE SHERIFF ALMSHOUSES I report to the trustees on my examination of the financial slalements of Lawrence Sheriff Almshouses Ilhe charity) fgrlhe year ended 31 March 2024. Responsibilities and ba$is of report As the trustees of the chatily (ond also its directors for the purposes of MpanY lawl you are resp¢)nsible for the preparation of the financial statements IA 8ccordance with the requirements of the CompaniÈs Act 20Lb (the 2006 Act). Having satisfied myself that the financial statements of the charity are not required to be 8udited under Part 16 01 the 2006 Act and are eligible for independenl examination, I report in respect of my examination of the charity's fin8ncial statements carried out undèr section 145 of the Charities Act 2011 Ilhe 2011 Act). In rryIng out my examination I have followed all the applie2ble Dire¢tions gDien by the Charity Commission under section 14515llb) ofthe 2011 Act Independent ¢xamineffs statement I h8ve CDmpleted my examination. I confim) that no matters have ¢ome to my attention in nnectIon wth the examination gmng me e3use to believe that in any material respect.. accounling records were t)ot kept in respe¢l of the charity as required by se¢bon 386 of the 20(Act.. or the fanOI slalements do not accord with those rerdS-. OT the financial statements do not compty with Ihe actounting requirements of section 396 of the 2006 Act other than any requiremenl Ihal the acLounts give a true and fair view which is not a matter Considered as part of on independent ex8mination- or the fin2nual statements have ntsl been prepared in accordance with the methods and principles of the Stalemènl of Re¢ommended Practice for accounling and reporting by charities applicable lo charitiés preparing their accounts in accordance with the Finanaal Reporting Standard applicable in the UK and Republ of 5reland IFRS 102 1A1. I have no concems and have come across no other mallers in connection with the examination lo which *lention should be drawn in this report in orderto enable 8 proper understanding of the finsneial stslements lo b¢ reached. Mr M W Palmer F.C.A CottonsAccL)unlants LLP Chestnut Field House Chestnut Field Rugby Warwickshire CV212PD United Kingdom Dated- ...
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LAWRENCE SHERIFF ALMSHOUSES BALANCE SHEET AS AT31 MARCH 2024 2024 2D23 Notès Fixed as$ets Tangible assets Investments 11 12 247,452 358 138,535 353 247.810 138.888 Current assets Debtors Cash at bank and in hand 13 2,902 7.9L14 1.038 48.335 10.806 49.373 Creditors: amounts falling due within one year 15 14.1601 (5,034) Net ¢urrent assets 6,646 44,339 Totsl assets current Ilabilities 254.456 183,227 Creditors: amouhts falling due aftèr more than one year 16 (66.54ei Net èssets ex¢luding pension liability 187,910 183.227 Net assets 187,910 183,227 The funds of the ¢harfty Endowment funds Reslrided income fvnds Unrestricted funds 17 18 124,787 3.540 59,583 124.787 58.440 187.910 183,227 The company is entided to Ihe exemption from the audit requirement conlaÈned in section 477 of the Comp8niesAct 2006, forthe year ended 31 ThKarch 2024. Th¢ directors a¢knowledge their responsibitill¢s for complying with the requirements of the Companies Act 2006 with respect to accounting records and the pr¢paration of financial statements. The members have not required the ¢ompany lo obtain an audit of its finanaal siatemenls for the year In question in 8ccord8nce with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
LAWRENCE SHERIFF ALMSHOUSES BALANCE SHEET {CONTINUED) ASAT31 MARCH 2024 The financAal stslemenls were 8P roved by the trustees on . Roodhouse Trustee Denn¢ss Trusteè Company regislratioF) number CE026969 {England and Wales)
LAWRENCE SHERIFF ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting polieies Charity information Lawrence Sheriff Almshouses is a charitable incorpoiated organisation. 1.1 Ac¢tsunting GODvention Th¢ finajrial statements hove been prepared in accordance with the d)3ri(Is goveming dowmenl, the Companies Act 2006, FRS 102 1A"The Finanaal Rewrting Stsndard appli¢able in the UK and Republic of Ireland. CFRS 102 1AI and the Charities SORP -Accounting and Reporting by CharÉties'. Stslemenl of Recommended Practice applicable lo ¢hariii&s preparing their accounts in accordance with the Finanaal Reporting Standard applicable in the UK and Republic of Ireland IFRS 102 1A)" (effective 1 Janvary 20191. The charity is a Public Benefit Entity as defined by FRS 102 1A. The ¢harsty has taken advanlage of the provisions in the SCIRP for charitses not to prepare a Statent of Cash Flows. The financial statements are prepared in sterling. which is the functional Currency of the charity. Monetary amounts itt these finanrAal ststemenls are rounded to the nearest £. The financial statements have been prepaKe¢J under the historical cost convention. The principal aoUnting pulici¢s adopted are set out below. 1.2 Going concern At the time of approving the financial statèments. the trustees have a reasonable expectation that the charity has adequate resources to continue in operat¢onal existence tor the foreseeable future. Thus the tr(tee$ continLte to adopt the going conrn b8sis of accounting in preparing the financial stalemenls. 1.3 Charitable funds Unrestricted fijnds are avaoable f¢r use at the discrelion of the trustees in furlher8nc& of iheir charitable obj¢ctives. Reslricled funds are subject to specffic conditions by donor% or grantors as to how they may be used. The purposes and uses of the reslricted funds are set out in the notes to the financAal slatemenls. Endowment fvnds are Subject to specifi¢ Conditions by donors that Ihe capital musl be maintained by th¢ charily. 1.4 Irkcorne Income is recognised when the th3rity is legally enlille¢J lo il after any performance ¢ondiltons have been met, the arftounls can be me3suTed reliably. and it is probable that in¢ome will be received. Cash donations are recognised on re[pl. Other donations are recognised Ort the d)arity has beèn notifjed of the donation. unless perforrnan conditic>ns require deferral of the atnount Income lax recovèrable in relation lo donations réeeived under GiftAid or deeds of Covenant is recognised at the time of Ihe donation. Legaues are recognised on receipt or othejwise rf the charily has been notified of an impending distribution. the amount is known. 8nd receipt is expected. If the amount is not known. the legacy is Irealed as a conlingenl asseL
LAWRENCE SHERIFF ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢counting policies Icontinuedl 1.5 Expenditure Expenditure is recognised once there is a legal or Constructive obligation tts transfer economic benefit to a third party. Il is probable that 2 transfer of economic benefits will be requirèd in settlement, and the amount of thè obligation can be measured reiiably. Expenditure is ¢kssifjed by actimty. The Costs of each 8Ctrvily are m8de up of the totsl of direct costs and shared costs, including support costs involved in undertaking each activity. Direci costs attributabje lo a single actsmly ar¢ allocated tfirectly to that actiwty. Shared costs which conlribule to more than one actimty and support costs which are not altributable to 8 single activity are apportioned between those activitiès on a basis Consistent wth the use of resour¢es. Central staff costs are allocated on the basis of tsme spent. and deprecTation charges are allocated on the portitsn of the asset's use. 1.6 Tangible fixed assets Tangible fixed assèts are initially measured al cost and subsequently measured at ¢))st or valuation, of depreu81ion and any impaimient losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives. Fieehold13nd is not depwioted. The gain or loss arising on the disposal ol an asset is determined as the difference between the sale procéeds 8nd the carrwng value of the asset. and is rewgni8ed in the statement ol financial a¢tMties. 1.7 Fixed asset investments Fixed asset Énvestments are initialty measured at Iransactton price exduding Iransadton Costs. and are subsequently Measu al fair value al each reporting dale. Changes in fair value ar¢ recognised in nel incomellÈxpendilurel forthe year. Transaction costs are expensed as incuyred. 1.8 Borrowing costs related to fixed assets Borrowing costs directly attribulabte lo the 8¢quisilion. construction or production of qualifying 8ssets, which are assets that nécessarity take a substantÈal period of time lo get ready for their intended use or sale. are adtled to the cost of those assets. until suca lime as the assets are subslanlially ready for their intended use or sale. l other borrowtng costs are recognised in net incomel{expendilure) in the period in which they are incurred. 1.9 Impairment of fixed assets At ea¢h rèporting end dale. the charity rewews the carrwng amounts of Éts 12ngible assets lo determine whether ther¢ is any indi¢xtion that those assets h8ve suffered an impairment loss. If any such Ir[catIOn exists. the recoverable amount of the asset is estimated in order to determine the exienl of the imwrmenl loss lif any). 1.10 Cash and cash equivalents Cash and cash equivaienls indude cash in hand, dep0s51s held al call with banks, other short-lem liquid investments with original maluTtties of ihree months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
LAWRENCE SHERIFF ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policiès Icontinuedl 1.11 Financial instruments The charity has elected to apply Ihe provisions of Section 11 'Basic FinancAal Instruments, and Section 12 'Qlher Financial Inslwments Issues, of FRS 102 IAlo all of ils financial instruments. Fit)ancial inslruments are recognised in the chanvs batance sheet when the charity becomes pariy to the contraclual provisions of the instrumenl. Financial assets and liabilthes are offset. with the nel amounts presénted in the financial statements, when there is a legally enforceable right to set off the recognised amounts anl the as an intention to settltt on a nel basis or to realise the 855el and setiie the liability simullaneously. Basi¢ financialassèts Basic financial assets. which indude debtors and cash and bank balances, are initially measured at transaction Pri including transaction costs and are subsequentty carried at amortised cost using the effective inleresl method unless Ihe arrangement constitutes a finanang IransactK)n. where the transaclion is measured at the present value of the future reip1S discounted at a markel rate of interest. Finanrial assets d8¥ified as receivable within one year are not amortised. Basic financial liabiliLTes Basic finanryal liabilities, induding creditors and b3nk108ns are initially recognised al transacbon pri¢ unless the arrangemènt constitutes a financing Iransaction, where the debt instrument is measured al Ihe present Value of the future payments discounted at a market rale of interest. Financial liabilities dassified as payable wilhill onè year are not amortised. Debt instn]ments are subsequentty carried al amorti%ed $1. using the effective interest r*e method. Trade ¢redilors are obligalions to pay for goods or sel¢e$ that have been acquired in the ordinary course of operations from suppliers. Amounts payable are dassifjed as current liabilities if p8ymenl is due wthin one year or less. If noL they arè Presented as non-currenl li2bdilies. Trade creditors are reetsjgnised ini11[Y al transaclion price and subSequeIY measured 8t amortised $1 using fhe effect5ve interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the charit$ conlra¢tual obligations expire or are discharged or cancelled. Critical aG¢oLEnting &stimates and judgements In the application of the charity's accounling poliaes, the trustees are required to make judgements. eslimates and 8>8umptions 8lxJul the earryin9 amount of assets and liabilities that are not readily apparenl from other sources. The estimates and associated assumptions are based on hislori¢al experience and other factors Ihat are considered to be leVant. Actu resu]ts may differfrom these esl¥Tnal¢s. The estimates and undertying assurnpts'ons 2re rewewed on an ongoing basi& ReSlOn& lo attounting &stimates a recognised in the period in which the estimate is revised where the revision affects only that persod, or in the period of Ihe revision and future periods where the rewsion affects both ¢urrent and future pQds. 10
LAWRENCE SHERIFF ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from donatitsns and lega¢ies Unrestricted Restricted funds funds 2024 2024 Totsl Unrèstricted Restrictèd fund$ funds 2023 2023 Total 2024 2023 Donations and gifts Grants 58 58 3.540 58 3,540 3,598 Income from charitable activities Unrestii¢ted EndoM)Ènt funds funds 2024 2024 Total Unrestricted Endowment funds funds 2023 2023 Totsl 2024 2023 Charitable activities maintenan charges Endowmenl fund 21.417 21,417 35,852 35,852 124,787 124.787 21,417 21.417 35,852 124.787 160,639 Incomè from investments Unrestricted Unrestrict¢d funds funds 2024 2023 Interest Te¢eivable 17 Other income Total Unrestricted Endowmènt funds funds general 2023 Total 2024 2023 2023 Funds from old charity Other income 10,886 41.086 124.787 1,673 41.086 51,972 124,787 176,759 11
LAWRENCE SHERIFF ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expenditure on charitsble activitiès 2024 2023 Direct costs Staff costs Council tsx and insurance Repairs Sundry expenses Utilities Hire of plant and m3chinery Legal and professional Telephone Subscriptions Accounlan¢y Computer expenses Other charges 5,280 3,538 980 340 1.067 7,390 4.031 4.901 217 371 420 7,185 207 318 4.320 30 2.678 144 327 1,440 4,5 20.349 29.390 Analysis by fund Unreslri¢iéd funds 20,349 29,390 TnE$tees None of the trustees {or any persons nneded them) re¢eived any remuneration or benefits from the d)arity during the year. Employees The average mot)thly number of employees dursng the yearwas.. 2024 Number 2023 Number Employment costs 2024 2023 Wages and salaries 5,280 7.390 There were no employees whose annual remuneration was more than £60,000. Remunèration of kèy management personnel The remuner2tion of key management personnel was as follows= 12-
LAWRENCE SHERIFF ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 Taxation The charity is exempt from tsx8tion on its activities because all its income is applied for charitable purposes. 11 Tangible fixed assets Freehold land and buildings Cost At 1 April 2023 Additions Grants received 138,535 129,723 120,806) At 31 March 2024 247,452 Carrying amount At 31 March 2024 247,452 At 31 March 2023 138,535 The fre8hold property comprises 11 bungalows. w8rden's house and 4 garages built in 1962.
LAWRENCE SHERIFF ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Fed asset investments COIF Deposit Account Cost orvaluation Al 1 April 2023 & 31 March 2024 353 Carying amount Al 31 March 2024 353 13 Dehtors 2024 2023 Amounts falling due within one year Trade debiors 2,902 1,038 14 Loans and overdrafts 2024 2023 Bank loans 66,546 Payable after one year 86,546 Amounts include¢J above whSth fall ¢Juè afterfive years.. Payable by inslalments 166,546) The lor-terM 108ns are secured by fixed Charges over the Freehold Propety known as 16 - 26A Dunchurch Road. Rugby, CV22 6AA. On 5th Janu8ry 2024. Lawrence Sheriff Almshouses entefed into a loan agreement with The Charity Bank Limited. Under the lems of the agreement, Ihe company is able lo draw down a m8ximum of £450.000 against the loan. Interest rates 8re 2.5°A per 2nnum above Ihe Bahk of EngIand base rate. There have been drawdowns of £66.546 {2023-. £nil). The loan is to be repaid by rnonthly instalmenls of interest only for the first 24 months after the first ulilisalion. followed by monthly instslmenls of capilai and intèresl for the remainder ol the 30 yèar temi. 15 Cr¢ditors: amounts falling due withtn 4)ne year 2024 2023 Trade creditors 4,160 5,034 14-
LAWRENCE SHERIFF ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 Creditors: arnounts fallin9 due after more than one year 2024 2023 Nots$ Bank loans 68,546 17 Endowment funds Endowment funds represent assets which must be held pemanenlly by the charity. Incomè arising on the endowmenl funds ¢an be used in accordancewith the objecls of the charity and i8 induded as unreslricied income. Any capital gains or losses arising on the Èssets fomi part of the fund. At l April 2023 In¢omlng At 31 March resources 2024 Pemianent endoMnents 124.787 124.787 Prèvious period- At l April 2022 Incoming At 31 March resourcès 2023 P¢Mnent endowmènts 124.787 124,787 18 Restricted funds The restricted funds of Ihe charity CLTrmprise the unexpendèd balances of donations and grants held on trust subject lo speofic condilions by donors as to h(Jw they may be used. At 1 April 2023 Incoming At 31 March resources 2024 3,540 3.540 19 Unrestri¢ted funds The unrestrided funds of the charity ¢ornprise the unexpended balan$ of donations and grants which are r1 subjecl lo speufic ctsnditions by donors and grantors as to how Ihey may be used. These indude designated funds which have been set aside out of unrestricted funds by the trustees for speofic purposes. At l April 2023 Incoming resources Resources At $1 March expended 2024 Generdl funds 58.440 21.492 (20.3491 59.583 15-
LAWRENCE SHERIFF ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Unrestricted funds {Continuedl Previous period: At l April 2022 Incoming resources Resour¢es At 31 Mar¢h expended 2023 General funds 87.830 129,3901 58.440 20 Analysis of net assets betsvèen funds Unrestrictsd funds 2024 Restricted Endowment funds funds 2024 2024 Total 2024 At 31 March 2024: Tangible assets Invèstments Current assets11sbll1tieSI Long term liabilities 122.665 124,787 247,452 358 6.646 (66,5461 3.106 166.5461 3.640 59.583 3,540 124.787 187,910 Unrestricted funds 2023 Restricted Endowment funds funds 2023 2023 Total 2023 At 31 March 2023: Tangible assets Investments Current assetsloiabilitiesl 13,748 3&3 44.339 124,787 138.535 353 44.339 58.440 124.787 183.227 21 Related partytransactions There were no disdosable related party transactions durin9 the year. 22 Almshouses remodelling Thè d)arity has entered into agreements lo received totsl grants of £1,027,000 to support the relnodelling of the Almshouses. The work is set to tske place over a nmber of years and the grants y11 be received throughout the Urse ofthe remodelling. 16-