Charfty reglBtratlon numbor 1198238 (England and Wal981 Company r•gl¥tsMtlon nvmborCE026969 LAWRENCE SHERIFF ALMSHOUSES ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
LAWRENCE SHERIFF ALMSHOUSES LEGAL AND ADMINISTRATIVE INFORMATION Trustses S R(KKItrMxJse AE GIIII8$ S B8am J RocKIIK)U8e Deme88 TlS L FaI[bkS (Atwlnw 1 JLty 2024) Charfty nuh)gr 11 Company numbor GE¢y0 PrIncI1 address 41 Brath L Rugby kn*$h GV22 esL Independent examhwr CottonSAcrUntsnts LLP Chestnut Flekl H Ghestnut FSeld rksh Uled lQng&Jm CV212PD
LAWRENCE SHERIFF ALMSHOUSES CONTENTS Page Trustees, repcwt Independent exafflk8 reFrfJrt 8talwnl of finandat acti¥AUe8 alw sheet Nolas lo the lknaThlal 8tal8mont8 7-18
LAWRENCE SHERIFF ALMSHOUSES TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORTI FOR THE YEAR ENDED 31 IAARCH 2025 The IN8tees prasenl Ihdr anN81 report and fin3Th slatem8nts tha 31 Marth 2025. The fflnanol31 atslonk)nts have been prepared In s(XanCe Ith thè 8¢wung polldes 881 out h notes lo tha flnaneJ81 statements and Comp wlth Ihe gthmlw doajmert tha Companl8s 2006 and A(KX)unllng and Rq)orting by Charfues.. Sfalemeiil of RertsrmeNled Prc• applica8 lo charttks wepadrwJ thelr )l13 In 8wrdance wlth the Financial Rwwung Standwd apkabI$ In tho UK and Rep) of Irèland IFRS 102 1A1" loffoc1fv6 1 Janu 2019), objve$ ènd a¢UvllJoS Tha ob58¢1 of the tharfty Is the of charfiat46 hs[ng In Ihe fcwffl ofAlmshous&s acc¥Jrnmtxlallon for gged nwn In the BOr¢h of Rugby, who hav8 roskled In the borouuh k)r nollgss than tsn years before tho tline of the appolnth)ent, and who are I) néJ of suth aCwmM10n dua lo th(X81 hard8hlp OT Ilnlled flnandal Th8 IriJ81ees may In èxwllon81 (knJMstaTb appolnt a rggld8nt (Mrt81dg tho BCu cf Ruoby who16 olherwlse quaiifigd. The Injsleos musl Telr tho exceptnal GIrm$18n In the n)ute& The number ol r081denls appolnt&Y undw thls 8ulkdause excéed thlrd oftho nwnber of roddonts at any ong Ilma. The chartty alms lo benefll the pubTho by prOng safe and sw8 accommodat1( for inthvkluals who w0d otherwise fall through the houslng nel lo tho la( of affdable rentad 8tr1)mmodthn Ihal 8uil8 Ihe1r needs. Tha tru8lee8 hav6 pald dve rvJard to gUkla lswd by the Charfty Comm198knn kn decJww wtrot adlvltlBs the ch8rfly 8hould undertake. Achlèvémonts and perfomian¢8 The th8r5ty aGNowl ()Jg(alv6s In the yeos. Thls charfly111982381 was IncoFwaled kn Odobw 2021 as a resuk of thè tr8nsfar from th& un1neUpatQd chartty LavrnnGè Sh6rfff AlM8U8¢S {¢h8rlty number 2132881. Th6 charity commenced con8tru¢ilon 8nd remodeng of the dlo In January 2024 whkkn conlnuod throughoLrt thls flnanclal ye9r. Phases l and 2 nln8 of thè bjngalows war8 ¢ompbl8d by F8kxu8ry 2026 and fully 0pIed by preS and new re$ldonts. lase 3 to remod81 tINg fln81 tt¥o IwwJalow8 along some upgrade8 to Ih8w8rdan's hou88 war& undeway by the end of Marth 2025 and ax{¢ lo canplèle In Juty 2025. wlsh to place on record wr thanks to our thosen txH)trthr, Batthdors lor$ fnyn Rugby. for ke&plrw the programme on Ilme and lo budg as wel as wy hetpfui as ]ssws have arfsan. We would al Ilke to ptace on r8c¥Jrd wr th8nks lo arthl& Jeff SrA)Ilh&n lv) has 6uprKNt us duthg thi8 ram0111 proJ6 The INslee$ hav8 dso seoJr&J fundng lo al4 a now butld of four units whlth VAII b8 do[red 2026. fdlowed by land8¢94)kng and Secrtty th[ventS. WCklre County Cwndl has avjarded the mshouse$ a 8e(aion I1 or8nt t¢Jward8 bldd. TN8 part of th8 pr4 L8 planned for a 8erAwnber 21Y25 start beiw¢en SL¥ and glohl months to c¢Jnpleta. fo&Aved iry kqndscang. The tntstetss agaln &b to acknogo and thk fundws the Charfty Bank, AlrhoUsa Assoclauon and the WO of tho Sup8llntgndil In SUkWViS1 the propth and 8s818tinu tho alm dwlng what h8va been thaUervJlng Umas.
LAWRENCE SHERIFF ALMSHOUSES
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (coKfiNUED)
FOR THE YEAR ENDED 31 MARCH 2025
Flnan¢lal revl&w
Norni Inc4ylle and oxpendlturo lor the year wa3 £29.(XX) 8nd £19.OCM), reSpV0ty, glvlng a su]uS C ordlnary
of £10.000. Incrwne In half of the year Cnthud at the low levd gxperfenced In Ihe pre¥Aous year
whllsl Ihe flrsl two ph8s88 of Ihe development woie¢t werè nIed out Upon MPletion. thasa nine bungalowg
W8rg 500n occupied by a mblnalth of èxtslkng and re8ld6nts Ihus Incoa61llg inoome th& fin81 Ihraa
months ofth8 y&ar.
Funds reled for th8 dovak)w8nt prc4ec were £8,000 In the year. In &Jthtton to grant8 rfjethed from Home6
England, Rugby 8orough Coundl, CharKy B8Yd¢ 8NI Amshouses A880c4alon, donallons from Rugby Schtsd 8rKI
Baron Davenwrts, loan8 from Charlty B8nk lotllng £273,( w&ro drawn do from a prevlousty approved fadllty.
Expendllvr& durlno the yehr totdled £761,000 b8lng for the maln wJrtraclw. Batch8lorB Bullders, along with
arthliocts, fees, loan In18re81 costs and varfous other ad hoo prof8$$t87 fees.
Th& ¢{bIned r88uII for tha yè8r for 811 athtles was therefore a surplu$ of £4.t1 vAth a do8lb)g bank of
£196,CO,. Ihb balanca ts hlgh due lo tknlng of rel1? and usual lag In SUPFI Invol8 belnu rec£iv8d, procassgd
and pald. A d6talled cash forecast ntInUeS to b8 fo1d r8gulty to en8ure th8 proleek (x)sts arg
COV8red by a comb1nal of opproved orants, donaoons and h)ang.
11 Is Ihe poky of the tharfty thal unrert(tsd fimdg whk have not boan degrted for a spedfio u80 8h0d b
malnt8lned al 8 level equlvalant to b8lwgÉn three- and slx month8. exw)dllllre. Th6 tnJ8te&8 conslder that resofklOS
at Ihls level en8uro that, th the event of a SnIfiCant drw In fundlng. they wll be able lo nonUe the charEtI8
rr8nl adlyklas vthlle con8lderaUoh is gfvèn lo ways In whkh add funds may b8 r81sed. Thls18val of re8orve8
h85 bgen mdnlalned Ihrowh
LAWRENCE SHERIFF ALMSHOUSES TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) IcoKfiNUED FOR THE YEAR ENDED 31 PAARCH 2025 The trug18e& reportwds awoved ty tha BoaTd c(Tnlees. Roodhousg Trtte0 l Donnass Tru8ts0 Datg.. ! i.1.1,1,25
LAWRENCE SHERIFF ALMSHOUSES INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LAWRENCE SHERIFF ALMSHOUSES I feport lo the Iwstees on my 8xamknallon of tho 11Th8ndal StatnlS of Lawre Sharlff Amshse$ (the Chartty) for the year ended 31 March 2025. Respon8lbllltlps and ba¥ls of r¥port As the Iru81ees of the thartty (arKI also Its d)rS for the pu ofo)mpany law}, you are rè8pM8bl8 lh8 preparallon c4lh8 flnandai statements kn acCtxda wtth th6 requlramonts of tho Companles Act 2. Havlng 11Sfied mysdf Ihal the finaal statements of Ihe tharity ar8 n(A requlrod lo be wjlted und Part 16 01 the Companles A<A 2006 and ar8 e1jIble for Indop9nd8nl examlnthn, I rep In resped of my examinaNon of the ¢harfty'$ Hnandal stalemenis out under sedhjn 145 of the Chari1188Aot 2011. In ¢anng out my examknatlon I have followed th8 Diredions glvell ty Ihe Charfty Commbskn uwl6r sedon 145(5)(b) of ihe Charflles Act 2011. Independent examIn95 statsmont I h8v¥ compbt&d my examlnallon. I fim1 th81 mattw8 haw c¥yne to my attentlon In c¥)nne¢tlon vAlh Iha 6xamlnallon onrfng me ¢au80 lo bellev6 that In any malerfal reskwA: a¢counllnu records wer8 not ktrpt th r88p&I of the tharly as ro4utr8d by sèdcffi 388 of th8 CnpanIe¥ Aol th8 flnand818talemgnts do not3rd wlth Ihose rec4)rd5" C th8 fin8ncLg1 stal6ments do nol 0)mY with the acts)Ltg re(pJlremgnts of Sedon 398 of the Comp8nlas Act 26 other Ihar) any requlrement that Ihe flnandal stalementB th a true aTrJ f8tr vkny, whlBh 18 nol a matl6r eon81d&red 88 p9rt of an hd¥pand8nl examinatfon: c th8 finan¢lel stalomenl$ h8va not beon yepar&l h acwdance wlth tha m&lhod8 and pr1rjp16s of the Stalement of ReCOmDdJ Pralkn for awuntjng and reportlw by oharfllaB applicable lo charftl88 pr8parfng fhèlr a¢Unts In accordaTrx wlth Ihe FInWal Rerthfng SI1 appllc8bla In the UK and RepublhJ of Ireland (FRS fj02 IA). I have no cnM6 and have come acros8 no olher mattars In (xmeon wlh examlnath)n lo whl¢h attanu should be drawn In th rf tn order to a woper undwslandlng of thè flnandal s18tsmenl# lo bo rea¢hed. Mr M W Palm8r F.CA Cottons Accountants LLP Chestnut Fldd Hou88 Chesfnut Fldd Rugby War4¢kshlr8 CV212PD Unlled Kngdom
LAWRENCE SHERIFF ALMSHOUSE8 STAYEhlENf OF FINANCIAL ACTJvrriES hNCLUDING INCOME AND EXPENtJrruREACCOiTh4T FOR THE YEAR ENDED 31 MARGH2026 furtdi fund 2024 2021 2024 Inoomefrom.. DL•lal)B&TrjwIF1 21,417 f7 116 17 Yotsiino4 21,492 24032 N¥¢ifioOYN• 1.145 4.ee8 RoCOnlI110l•lNn4#.' Fund b$oLl Apiiwn4 1767 lo70 1¢440 124, 183.227 14717 124,787 1&7,010
LAWRENCE SHERIFF ALMSHOUSES BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Fjxed 888elB TanglU8 as8et8 Invèslmenl8 10 385,400 363 247,452 885,763 247,810 Cuhyant a$s•ts D$blor8 Cash at bank and In hand 12 1,014 I249 2.902 7.904 197263 10,80 Ct4dbtor8: Imounts falllng due wlthln ong yoar (51,399) {4,1eo) Not curmnt aots 145.&54 6,648 Total aB89ts le8$ Gumnt Ilabllltles 531,627 254,456 crad1t0.. amounts falllng due after than one year Is (340,0191 166,5481 Not a&8at8 101,608 187,910 Th& fund¥.of the ¢harfty Endowmenl lunds Re81rlcted In¢ome fuNJg Unre8lrl¢t8d fund8 16 17 124,787 124.78Y 3.540 59.583 .82 191,8t 187,910 Th6 company Is enlHlgd lo the 8Xompt1c from the y9qukenI (x)tabned In secllon 477 of thè Companles Acl 2006, foi th& year ded 31 March 202& Th& dlre¢tor8 &kn0Vge thelr responbIllS ¢Orng the requtrements of thè Comp8nl6s Acl 2CK]6 wllh respactto accounung re)rS gnd the preparnuon of thandal $latsmant& Th8 membars hove not the C(panY fo obtBln an audh of KI finand81 ststoments for the year In question In ac¢c*danoe wlth s8th( 476. Thèse fin81stateMents have been prepared kn a¢de% vlth the prvI81ons appqkable to Try[e$ subjocl to the Small cotry)anlgs reglme. 1119125 The finanGld slateml8 wwe approwd by on......................... J Roodhou8e Trusteg M Dennes8 Trustee Company regI8lratk munbar CE028969 (E18nd And es)
LAWRENCE SHERIFF ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 A¢countlng pollclos Chadty Infonnatlon Lawrence Sherlff MShSe5 Is a tharltaN& Ngar1681k)n. 1.1 A¢¢ountlng convenllon The ffnan¢lal $tatemants have wepared In alt0rd wlh the chaty,$ dcoJm6nt, Ihe Companies Aca 2008, FRS 102 1A Fknancw Rep10 Standard aprAkable in thè UK Ènd RaputAlc of Ireland. fFRS IQ2 IA? Jnd fhe CharM68 SORP 'Actounting and RepcKtlng by Charllles.. Stslamenl of RÈcommandad Prth 8pwlca6 lo ¢harftles thelr acA>)unls In e1¥)ne8 th lh6 Fln8nd81 R6POrtlng Standard apF41cat4e In lh• UK and Rap of Irdand IFRS 102 1AI°18ffeelfve I January 2019). Tho d)8rf1y Is a Pubk Bèfft Enttty as dafffled ty FRS 12 1 The (arfty ha8 advantagè of tha IvISIOnS kn th& SORP f{ tharft1&8 not lo proparo 8 8(atem&)l of C06h Flows. The anCIal8[alaMants ar8 prnparl kn storflng. whith L8 th8 funGtknal of the d)arliy. Monelwy 8mounls In these flnandal stalements 8ra trj the n&aragt £. The flnandal Staternts have been prwed undor the hl8lorlc81 st ¢)JrN8ntlon. Th8 prfThApal a¥SUNI1ng pokxe8 8doptsd are $91 QUE batow. At th8 Mm8 of appn0 th6 flnandal statements, thè truste68 have a rèasonable exctatIC that Ihg charfly has adequa(e resources lo C(tiN0 in 0rst[Onl ex1sten for Ihe forese93 fubJr4. Thu8 thg Irusts&G (x)nUnu6 to adw Iho gokng ctt)nC bask Ofa)nng in Neparfng lh8 fmanclal statemants. 1.3 Charftablo funds Unreslrict fiJnd8 arB av8Nallg al Iho olscrth of Ihe trustees kn furtheranc8 of th8lr (arft8Ne ob¢tIVeS. Re61ricted funds are sublecl lo spedffo or grantors as to how thay may bo used. The puip0s88 8nd uses of th9 r•8trfdthl fiJThl9 are sel cMJt tn Ihe reS lo the ffin8ndal slatwnents. EThJowTh8nt fuThls are Sub to SFedfiG IJ)T¥Jkn¥ by that tho C4F41al mu61 be MaIraad by the charfly. 1A Incom• InMe18 rerj)Un18 when tho ehartty ts legalty entttl8d lo il after aw p8rfLYmarth (x)ndtllon8 hove be7 rnèL Iha amounts ¢8n b8 m@gwr1 rebabiy, and it pKthblg that wll recehfftd. Cash donauons are rnknd rL 0th8r thations ara re¢>Jgni8ed the has been Trotld of th6 donatk, unl88s p&tsmi)ce 0dtionS requlre d6fevMI of the 8mount. Incnme tax (Y)Ver8bIe In r¢latTon to dOnaon6 recdved under aft Akt ordè&ls of (4wenant rwlsed al the ttme of tho ¢Jonatlon. Legacl88 are wnt80d rv4lpt or if Ihe dtty ha8 b89n rv)tllled of an knpetyjlng d18trityJtton. tha amwnl Is kntjwn. and [pt eXt. If the wAJnl 18 not Ihe legacy 18 treated a8 4 contingent 88set.
LAWRENCE SHERIFF ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2025 A¢counttng pollcl88 IcontEnuodl E¥pgndltuTrE Expondllure 18 recA)gn16od there 18 a tegal or conslruckn oLIvJallr lo Iransfgr etrjnomk bgnafil Io 8 thlrd party,11 Is probable fhal a trJnsf8r of ho111$ bo wulrad b) settlement, and th8 amount of tho c4)Ilgatlon can be ma88ured r8llaUy. Expendllur818 d88811knI by aty. Tho (xists of eath actmty are mada up of the lolal of dlr00t and sharad costs. Induding 8UPPOrt costs tnvolved In und9rtaklng eath 8clvlly. GOStS 8tlrK)ulable lo a slngle actlwly are allocated r8ed¥ lo that act1ly. Sh8rod C18 whlch eonlrfbule lo mora than one acllvity and support costs whleh ara not allrlbutaL4e lo a single actimty are appOrtid belwg6n th09è 8¢t1ti&8 a bgsls con8lslenl wlth the use of 9r¢08. Centr4 staff o)sts am aNoo&ted M the bB81s of Ilme spgnl, and deprécjallon ehaty&s are alh)caled on th6 wtion of th8 a8881'6 u8e. I TanuSble Ilxed a88èts TanglLqè fLK8d as88ls ar8 Inlllally m$&gw al k4t and subs• mo89uwed al cost or valuallort, net of depr&laUon and any knpakniwl loss Depredalknn Is reeognl8ed 80 a8 lo off Iho ij)8t orvaluauon of 88s8ts I Ihetrrosklual valu86 ovor Ihetr Usef Ive8. Fraehc4d land Is not dapTted. The galn or108S 8rtslng th& dlsposal of an asset L8 detemikned as tha diff8r8nce beeTh lh8 salo proc8ed8 and the ¢arrylng value ol thè assaL 8nd16 [8rAwn11 Slatsmenl of fln8nd818(th11109. 1.7 Flxed a88et Inve$tmonts Flxed as86t Investments ar6 Inh191ty measured at transactkn e%dIng transactlcffi cc8, and are $ubsequantly measured al falr value al eath retA)rtkng <Jale. ChaNJe8 In fralr vdluo arg rgcognl86d In not In1Me1{axp9I1Iurél the year. Trsn8A(IlIM (wl8 ar8 pOnSed as InGLwr. 1.8 Bornwlng ¢osts relatsd to flxed assats Bommlng w81s dlreclty otMbutBbl& to Ihe wu18Won, (xJn8tnth w prQthdle of qUlIng a88tst8. wN¢h o assots that neSarfty lake a 8ub81anlld porfod of time lo gel rg8(ty for thetr Inlended uso or sa, aro added to th8 (81 of Lhose as84ts, until as the asEels ar8 sub51anlLalty ready lor thelr Inlendgd usa salg. 01h borrowing costs are rwnw kn not hkyThl{expenthiura) h Iha pertod In whth they are Invjired. 1.9 Impalmiènt of Ilxgd 889819 At eath r&porting ènd dale, the chatlty r6kn the (4tyng am¢llts of118 tsnglblg a$wl8 lo d8tormkne whethrf Ihere Is any Indlcalon that th088 &ts have SUffd an knpalrmenl los& If any suth Indlcatlon exlsls, the re¢ov8r8b16 amount of tha asset IG estknateJ in order to de1amne thè ext1 c)f th4 Impalrmenl loss (Kanyl. 1.10 Ca8h and ¢aah aqulvalants Cash and cash equIVanI5 Indude cash kn hand, deposlts held al cau vAlh banks, ¢Aher short4èrm Ilquld Invbstm&nts ¥Alh orfglnal maturflles of three mmths or1888, bank overdrafts. Bank overdrafts ar6 shown vllhln borrowings In rrentl18b5lt1tss.
LAWRENCE SHERIFF ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS {CoriNUED> FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollclos Ictsntlnuedl l.lfj Flnan¢lal Instruments Th6 eJ)adty h8s elecigd to aptty the WON18[$ of Seclon 11 'Bath F6nandal In81rumgnts' secOn 12 'Olhor Finandal In3lJum8nts158ues' of FRS 102 1Alo vll of tts tlnandal knslruments. Flngnclal Inslrumenls are rwni$ad kn Iho tharlLWB bthce 8heet th the thartty b8o)m88 ppAy lo the contraclual pro810n9 of th8 lnslnll1L Flnanctal as8&1s and HaMIi88 are offset. th the net arrM)urrt8 prwnted In the finandal sEatgment8, when there 1$ al¥11Y enforable rfghtlo set off th8 rwnised amnts and Ihgre t8 an Intontlon 10 8eltle on 8 n91 ba9 or to th8 a88el arrtl 8etUe th6 81multane. Bas1¢ Iln&FJclalgssets Ba81¢ lknaryJ21 assets. filch Indude debt$ and sh end ba( bdanw, 8ra InHlalty measuwd al tr8nsadon prfcs Indudlng tran88on costs and are 8ubsequ (ardad at amortls8d oosl u$lng the effecLIvè In16resl melh¢)d unl¢ss the arraroemenl LX)n8tliui88 a ffinandrq Irnnsactlon. where the transacutsn L8 m8a$ur6d at the present vaKtg of thè future reeAlpts th8nted ai 8 marf(at rala of Inlere8L Flndndal gs8a18 dasslfled a8 ro¢etVabtèlhkn one are rN)t am(¥U89d. Ba8lc I1¢141 IlabHItIos Ba¢ flnanclal Ilablllues, Indudhg crnd[tO a1 b8nk loans are Inllialty réc4)gnls$d al transadon priee unl988 th6 arrangement constitu188 a fina1n0 transaction. %ther8 tho dabl thslwment IG measurod al the present valuè of the fulura paYnts dlscKJurkte•Y ai 8 markal ratè of ll)teresL Fknandal lablltlos rJassifd a8 Payable I1h1n one y6ar are not amortkdd. Debt instruments are 8th>8equentty cwited at amoTM8ed t1. u8kng Ihe effadvé Inté(es1 rate m6lhtl. TrBd8 credltors ar8 olAlgallons to PAY for gorth or $8Thrfc8s th91 h8ve been acqulr&l In the cKdlnary o)urse of op8rath)ns frcAn sup&r8. thoun18 payak>lg w dasslfied as current liabllitbg If payment 18 dug wthln one year or less. If noL they are woS6nted as nOtrren( IlaNlIt. Trade c110¢£ are ronI9d Inltlally al Iransadlon yl¢e and sthequenty me8SLtsI al M0ed Djst udrpJ Ihe eff&tNO Interasl met5d. Dere¢oghlllon of flNn¢hl Ikbllhles nandat IlaNllll88 arè d6gnISed ¥ the COntrj ot4Wb)n8 exp(re or dlstharoed or L¥n¢allad. crftlcal a¢¢ountlno 0gtlm•tss ond ludgèfits In the applicallon ofthe ¢h8rW$ ang pdes. tho $t85 ¥e r1[8d lo make ludgomonts. 6sUmales and a8gumFllon$ about crylng anThJunl of a888ts and Itabilllles Ihal are not r8adlty apparent from olher souw&s. The esumales and 888tx48j asswipUon8 are b8sed on hlstot1¢xl expgderKa and ¢thor faolorg that are CONldered io b8 rtsthnl. nmy (thff8rfrrm Ih890 esln)ate& Tho esllmates 8nd [deng assumpUMs are rethed on 8n ongc4ng ba81& RSlon8 to accounllng e8dmales are rg¢ognlsed kn th8 perfod In vthk thg eslrnale whorg thè reSk)n aff8cls thai perfod. or In the peiiod of the and tsJturB whwo the affeca8 tioth cwrenl and fijlure perlods.
LAWRENCE SHERIFF ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from donattonts and l•g*¢los Unrestsicted R•¥trl¢t¢d funds lunds 2026 26 Total Unrestrlcted Re8tr1cted funds funds 2024 2024 Totsl 2024 DrwUon8 and glfts Grani8 15,C(XJ 15.0 58 3,540 3,540 q5.(XYJ 1S,OCK) 3,540 3,598 Incom9 frnm charftsbl• a¢tlvltlo8 Unr•8trfctad fund$ 2028 Unreotrlctsd funds 2024 Charltablg actlvlt Malnlananca charo88 27,285 21.417 Income fn)m Inv08tmonts Unrestrl¢t$d unrtrIcted funds funds 2026 2024 Interest recafvab 615 10-
LAWRENCE SHERIFF ALMSHOUSES NOTES TO THE FINANCIAL STATEIAENTS {CONTINUED) FOR THE YEAR ENDED 31 MARGH 2025 Expandlture on ¢harftable acllvltle8 2026 YJ24 Dlyect ¢osts Staff ¢osls Cnl tax and tn8uranL Repalrs Sundry expense8 Ulllld6S Leg81 And w0fe8St8I Tdephono Subscrfptk)n9 Accounta ather chargeA Bank loan inierést 5,280 4.721 210 5.280 3,538 980 5A37 1,067 2,678 144 458 1.200 2.476 17,776 327 1,440 4,555 39,202 20,349 Analy613 byfund Unrestrlcted fund$ 39,202 20,349 None of the Iru8lees (or any per80n8 wmh Ihem) any rornunor4Uon or banefft8 from the iarlty dttrfno the year. Fmploye68 The avor8ge monlhty numbw ofempbyees durfru Ihe yearw&8: 2026 Numb 2024 Numbor Employm8ntcosts 2025 2024 Wages and s8lart8S 5,280 5,280 Ther8 wera no unployee6wh¢Ae anNal remunerakn wa8 m(wo than £80,(. Rgmunerntlon of kay management personnel The rerThJnerallon ofkoy man&Jem perlne1 vms as fdhm: Taxatlon Tho tharfly18 exp1 from t8x¥llon (ffl Ks &lAil88 b8cause ils in(xJmo1g aFtyled lOrcharftab puw&
LAWRENCE SHERIFF ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED) FOR THE YEAR ENDED 31 MARGH 2025 10 Tanlllbla flxed a86ets land and bulldlngg Cogt Al 1 Aprfl 24 Addlllons Granls rèthd 247,452 761,312 (623,3841 Al 31 Mar¢h 2025 385,4Crf) Carrylng amount Al 31 Marth 2026 385,400 Al 31 Marth 2024 247,462 Tha Ir6ohc4d woparty CtsfkNlsos 11 Lwngatows, warden'8 hrA*e and 4 98ragag Ill kn fj2.
LAWRENCE SHERIFF ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS (coTrrriNUED) FOR THE YEAR ENDED 31 MARCH 2025 11 Flxed asset hlvestmgnts C(XF Doposlt A0t. Cost orvaluatlon Al l April 2024 & 81 March 2tr25 358 Carrylng amount Al 31 hAarth 2C125 358 2 Dèbtoro 2025 2024 Amounts lalllng wlthln one yoar. Trade dthr8 1,014 2,9)2 13 Loans and ovwdrnfts 2026 2024 Bank 340,019 88,546 Payable aftwono yoar 340,019 86,548 Amounts Indudod abovo whlth fal due ats fve year5: Payable ty sta[MeNtS (340,019) I,546) Thé long40ffl1 h)ans are by11x d)aryes OKW tha Freehojd Pwrty known a8 16- 26A [jUrch Ro4d. Rugby. CV22 8 On Slh J8nuary 2024, Shlff A4U9¢S enlerad knlo a kjan agmment wlth Th9 Charfly Bank Umlled. Undgr the 1om)8 of th8 agr the o)nwy Is ab to thaw d(wn a maxrrrtjm of £450,(K)O 3gn81 the loan. Interest rBle8 are 2.5% per annum Jove the Bank of England base ralo. Thore havg been dradown5 of £273,384121f24: £68.5481. The kan is lo be iepakl by monthly Instalm8n18 of knlere81 onty for titt flr8t 24 mthS after the frst uUik¥allon, lolthwd by monthty Instalments of L¥ltal and In(gr98t for (ho remalnderolth8 30 year temi. 14 Crndltorn: amounts falllng du• wlthln ono yaar 2026 2024 Trddotyedltors 51.399 4,180 -13-
LAWRENCE SHERIFF ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2025 16 Cyedllors: arnounts fallng du8 aftèr morn than onè year 2025 2024 Bank108n8 13 340.019 18 Endowmontfund$ Endowment lund8 represent ag8als whith rnust be hdd pemiananty by the chgrfty. Incune arf8ing on the gndowmonl funds can b8 used In TOr wlth the obl8cls of the tharfty aThl Is Indled as utvèstrlrA¢d Incom& Any catel galn$ ork)886S grfglng on thè asset8 fom part of the fund. At l Aprll At 31 March 2024 2025 P•rmanenl gndowmgnts 124,787 124.787 Prevlou8 yèar. At 1 Aprf At 31 MarGh 2023 2024 PwmanontOndonents 24.787 124,787 17 RetstrlGt funds Thè restrlded fund8 of the dwrlty Lvmprkn the eXpthd balanw of Oat[¢S and gmls on tru81 $ubl8d lo specific condWon8 by dor9 as to hcw may be UBed. At l Aptll 2024 InGomlng our Trnn3f8rs At 31 March 2026 13.6401 Provlous ar. At l Aprfl Incomlng 202J rosoure•8 Tr4D¥fo At 31 March 2024 3,540 14-
LAWRENCE SHERIFF ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Ui)re8trloted ld$ The unreslrfded funds of Iha tharfty cornwlse thé unexpetNlèd balanew of donalk)n8 arxl grants whlch arè JI 8ublg0110 8pedlc nd08 by dthxjrs and grantors aG to how I may b8 u8ed. These Include d84gnoted fijnds hawe be Sat aslde oul of unreslrfthd ty lh8 tsuEiees for $padflts purpose8. At l Aprll rnGomlng R88ourc88 TransfèY8 At 31 March 2024 Mour axpended 2025 Gener81 fiJnds 59.583 41 {39.2rr2> 88,821 Prnvlou$ 01. At l Aprfl In¢omlng Re80UthS 2023 re8ourc08 oxpend•d Transfer8 At31 MaY¢h 2024 G}r91 ftmds 21,492 PO,349) 9,683 19 Angtysl¥ of net a386ts belween Unmtthtsd Rtrfcte Endowm8nt nds funds 2026 2028 Total 2026 2025 At 31 March 2025: Tandblè ass8t8 Inve8tménts cUrt a38ei8lunEflO8) Long temi1l4b1ll8g 280.613 124,787 E,4(NJ 145,864 (340,0191 0,019 86,821 124,787 191,608 Ilnrestykted Restrlcted Endovrtnant fund8 fund8 fund8 20 2024 2024 Total 2024 At 31 March 2024: Tanglble 8888t8 Inve8lment8 Currtt assetslQL2billll891 temi lis1(é8 122,665 124,787 247,452 358 3,1( (66,5461 3.540 (66.S461 3.$40 124,787 187.910 20 R4lat6d partytran8a¢tlon$ ThBrewere no diBdcatl8 r818W p8ty Iransan6 durknu the yew. -16-
LAWRENCE SHERIFF ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH2025 21 Alm8hou$•s ramodelllng The th8rlty hAg antar1 Inlo agrBwnents to IfAd grants of £1,1,(0 to Supp Ihe romodelllng of the Amshouses. The w(xk is sel lo lake Flace over a numbw of years and the yran16 WIIS ba recolved throughout tha tx)ursts of the r&nolellIr. 16-