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 $18tements have been prepared in accordan￿ W￿th the accounting poliryes set out in notes to the
finan￿al statements and comply wlh the charitws governrng document, the Companies Act 2006 and 'Accounting
and Réporting by Charities.. Statement of Re¢ommended Practice applicable to charities prèparing their 8¢counts in
accordan¢e with the Financsal Reporting Stsndard 8pplii%ble in the UK and Republic of Ireland IFRS 102
IA)" {effective 1 January 20191.
Objectives and activities
The object of the charity is the provtsion of chariiable soeAal housing in the form of Mmshouses accommodation for
ged men in the Borough of Rugby, who have resided in the borough for not less than ten years before the time of
the appointment, 2nd who are in need of Such accomrnod*ion due to financial hardship or limited financial
resources.
The IfU51ees may in exceptional arcumsl8n¢es appoint a resident who Iwes outside the Borough of Rugby who is
othen￿lSe qualified. The trustees musl record the exceptional ¢ir¢umstantss in the minutes. The numter of
residents appointed under this Su￿cl8U$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 a￿1VItieS 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 cou￿1 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 a￿e 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 0￿￿pIed throughout the fit7anaal period. Note that the comparslive figures on charitable activities
are higher in the pre￿OuS 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 prtsce￿ed 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 L￿able 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 De￿rnber2023)
{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 expeCtat￿n 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 f￿an￿OI slalements do not accord with those re￿rdS-. 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- ...

Z5 ¢4
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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 Stat￿ent 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 a￿oUnting
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 con￿rn 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 re￿ip1S 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 ￿$1. using the effective interest r*e method.
Trade ¢redilors are obligalions to pay for goods or se￿l¢e$ 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 subSeque￿IY 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& Re￿SlOn& 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
p￿Qds.
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 F￿ed 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¢M￿nent 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
r￿1 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 assets11￿sbll1tieSI
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 n￿mber of years and the grants y￿11 be received
throughout the ￿Urse ofthe remodelling.
16-