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
T￿lS
L FaI[b￿kS
(Atwlnw 1 JLty 2024)
Charfty nuh*)gr
11
Company numbor
GE¢y￿0
PrIncI￿1 address
41 Brath L
Rugby
kn￿*$h
GV22 esL
Independent examhwr
CottonSAcr￿Untsnts LLP
Chestnut Flekl H
Ghestnut FSeld
r￿ksh
U￿led lQng&Jm
CV212PD

LAWRENCE SHERIFF ALMSHOUSES
CONTENTS
Page
Trustees, repcwt
Independent exafflk￿8 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(X￿anCe I￿th thè 8¢wun￿g 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 Pr￿c• applica￿8 lo charttks wepadrwJ thelr ￿￿)l￿13 In
8wrdance wlth the Financial Rwwung Standwd ap￿kabI$ In tho UK and Rep￿)￿ of Irèland IFRS 102 1A1"
loffoc1fv6 1 Janu￿ 2019),
obj￿￿ve$ ènd a¢UvllJoS
Tha ob58¢1 of the tharfty Is the of charfiat46 h￿s[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) né*J of suth aCwmM￿10n dua lo th￿(X81 hard8hlp OT Ilnlled flnandal
Th8 IriJ81ees may In èxwllon81 (knJMstaTb￿ appolnt a rggld8nt (Mrt81dg tho BC￿u￿ cf Ruoby who16
olherwlse quaiifigd. The Injsleos musl Tel￿r￿ tho except￿nal GIr￿m$18n￿ In the n*)ute& The number ol
r081denls appolnt&Y undw thls 8ulkdause excéed thlrd oftho nwnber of roddonts at any ong Ilma.
The chartty alms lo benefll the pubTho by prO￿ng safe and sw8 accommodat1(￿ for inthvkluals who w0￿d
otherwise fall through the houslng nel lo tho la(* of aff￿dable rentad 8tr1)mmodthn Ihal 8uil8 Ihe1r needs.
Tha tru8lee8 hav6 pald dve rvJard to gUkla￿￿ lswd by the Charfty Comm198knn kn dec*Jww wtrot adlvltlBs the
ch8rfly 8hould undertake.
Achlèvémonts and perfomian¢8
The th8r5ty aGNowl (*)Jg(alv6s In the yeos.
Thls charfly111982381 was IncoFwaled kn Odobw 2021 as a resuk of thè tr8nsfar from th& un1neUp￿atQd chartty
LavrnnGè Sh6rfff AlM8￿U8¢S {¢h8rlty number 2132881.
Th6 charity commenced con8tru¢ilon 8nd remode￿ng of the dlo In January 2024 whkkn conlnuod throughoLrt thls
flnanclal ye9r. Phases l and 2 nln8 of thè bjngalows war8 ¢ompbl8d by F8kxu8ry 2026 and fully
0￿pIed by pre￿￿S and new re$ldonts. l*ase 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 ￿l￿￿or$ 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 ram￿0111￿ proJ6
The INslee$ hav8 dso seoJr&J fundng lo al￿4 a now butld of four units whlth VAII b8 do[￿red
2026. fdlowed by land8¢94)kng and Sec￿rtty th[￿v￿￿entS. W￿Ck￿lre 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 kqndsca￿ng.
The tntstetss agaln ￿&b to ackno￿go and th￿k fundws the Charfty Bank, Alr￿hoUsa Assoclauon and
the WO￿ of tho Sup8llntgnd*il 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), reSp￿V0ty, glvlng a su￿]uS C￿ ordlnary
of £10.000. Incrwne In half of the year C￿nthu￿d 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 Inc*oa61llg inoome th& fin81 Ihraa
months ofth8 y&ar.
Funds rel*￿ed 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 lot￿llng £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$$t￿87 fees.
Th& ¢{￿bIned r88uII for tha yè8r for 811 athtles was therefore a surplu$ of £4.t1￿ vAth a do8lb)g bank of
£196,C￿O,. Ihb balanca ts hlgh due lo tknlng of rel￿￿1? and usual lag In SUPFI￿ Invol￿8 belnu rec£iv8d, procassgd
and pald. A d6talled cash forecast ￿ntInUeS to b8 fo1￿￿*d r8gul*ty 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 unre*rt(tsd fimdg whk* have not boan de￿gr￿ted for a spedfio u80 8h0￿d 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 S￿nIfiCant drw In fundlng. they wll be able lo ￿n￿onUe the charEtI8
rr8nl adlyklas vthlle con8lderaUoh is gfvèn lo ways In whkh add￿ funds may b8 r81sed. Thls18val of re8orve8
h85 bgen mdnlalned Ihrowh<rtrt the year.
11 is th& polloy of th8 d)arfty thal vnrostrtcted fund8 whlch hav8 Ml b6en de81gnated f￿ a 8P8¢1f* u80 should be
malnlalne(l al 8 level ￿Ufva1￿I lo belwfjen Ikw8e and six mcth's expen(rrtur8. The Iru81ees consldw that r980rv6$
al Ihls lèvd wlll tnsuro IhaL In the ovant of a ￿gnIfi￿1 drop in f￿dIng. Ihey WMI be able lo ￿ntIn￿ the
Current aclfvWa8 vjhlle COn￿deratIOn Is ￿Ven lo ways In whlch addlliona l￿d$ may be r8lsed. This level of r08awo$
ha8 b￿n malntained throuahoul ths yew.
Strueturei govgrnanco and Ma￿3￿•M0nt
The ¢harfty L8 cthlroll8d by ks yov8mSng dcojmenl Idaied 22110r2021)
The trust86& a150 the dlrsctors for the of r￿mpary law. and who 80Ned duthg y8ar and up lo
tha date of slgnalur8 of th6 flnBndd staiem8nts w8r8:
S Roothouse
AE GSllas
8 Begmanl
J Roodhouga
M Dennes¥
T W1115
L Falrbank8
(Wled 1 JU￿ 2Tr241
Theré ahould b& nonlnaed tru81￿$ aThJ three c¥>opted tnJ8lee8. The 8ppolnlb7g bod198, the Govemorg of
Rugby SL*ool and Rugby Borough Coundl. rnay eath app)Int Ihr6e truslee& Th8 other three trL13169s are c¥J-opled.
However. thg L*artty Is aJrreThlly b8lny run seven trUStee& Th8ra are IV￿ vacandes lo ffll the remsinkng
p￿tU0n5.
The 8PPOtnlment is covered In ojnslfiuuon parnoraph 10 and lh& t￿Ste￿ fdbw guldance trom the Mm6houBe
Assockguon. The trustee8 have power8 to Th1$18 the by awkatlon and a meellng oflhe trustee8.
Pol8ndal trusteeB are glw) an expeetstlon d the raspOn￿b)IN&S requlred and they can me&t ￿sIng IN818e8 to
dl¥euss the ro16 a￿1 also ￿91t Ih8hJmshouses.
Nono of Iha tru61ees ha8 any benolldal ky Iha company. All of th8 tnKiees we mmb6r8 of th& oynpany And
guaY8ntèe lo ¢￿trtb￿le £1 In the event of a ￿n￿lIng up.

LAWRENCE SHERIFF ALMSHOUSES
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) IcoKfiNUED
FOR THE YEAR ENDED 31 PAARCH 2025
The trug18e& reportwds awoved ty tha BoaTd c(Tn￿lees.
Roodhousg
Trt￿te0
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 Stat￿n￿lS of Lawre￿ Sharlff Amsh￿se$ (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 fina￿al statements of Ihe tharity ar8 n(A requlrod lo be wjlted und* Part 16 01
the Companles A<A 2006 and ar8 e1￿jIble for Indop9nd8nl examlnthn, I rep￿ In resped of my examinaNon of the
¢harfty'$ Hnandal stalemenis out under sedhjn 145 of the Chari1188Aot 2011. In ¢an￿ng out my examknatlon
I have followed th8 Diredions glvell ty Ihe Charfty Commbskn uwl6r sedon 145(5)(b) of ihe Charflles Act 2011.
Independent examIn9￿5 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 C￿npanIe¥ Aol
th8 flnand818talemgnts do not3￿rd wlth Ihose rec4)rd5" C
th8 fin8ncLg1 stal6ments do nol 0)m￿Y with the acts)L￿t￿g re(pJlremgnts of Sedon 398 of the Comp8nlas Act
2￿6 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 pr1r￿jp16s of the
Stalement of ReCOmD￿d￿J Pralkn for awuntjng and reportlw by oharfllaB applicable lo charftl88
pr8parfng fhèlr a¢￿Unts In accordaTrx wlth Ihe FInW￿al Rerthfng SI￿￿1￿ appllc8bla In the UK and
RepublhJ of Ireland (FRS fj02 IA).
I have no c￿n￿M6 and have come acros8 no olher mattars In (xm￿e￿on 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
War*4¢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
RoCOn￿lI110l•lNn4#.'
Fund b$￿￿oLl Apiiwn4
1*767
lo7￿0
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
I￿249
2.902
7.904
197263
10,80
Ct4dbtor8: Imounts falllng due wlthln
ong yoar
(51,399)
{4,1eo)
Not curmnt a￿ots
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 y9quk￿enI (x*)tabned In secllon 477 of thè Companles Acl
2006, foi th& year ￿ded 31 March 202&
Th& dlre¢tor8 &kn0V￿ge thelr respon￿bIll*S ¢Orn￿￿g the requtrements of thè Comp8nl6s Acl 2CK]6
wllh respactto accounung re￿)r￿S gnd the preparnuon of thandal $latsmant&
Th8 membars hove not the C(￿panY fo obtBln an audh of KI finand81 ststoments for the year In question In
ac¢c*danoe wlth s8th(￿ 476.
Thèse fin￿81stateMents have been prepared kn a¢￿￿de￿% vlth the prvI81ons appqkable to ￿Try￿￿[e$ subjocl
to the Small cotry)anlgs reglme.
1119125
The finanGld slatem￿l8 wwe approwd by on.........................
J Roodhou8e
Trusteg
M Dennes8
Trustee
Company regI8lratk￿ munbar CE028969 (E￿18nd And ￿￿es)

LAWRENCE SHERIFF ALMSHOUSES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
A¢countlng pollclos
Chadty Infonnatlon
Lawrence Sherlff ￿MSh￿Se5 Is a tharltaN& Ngar1681k)n.
1.1 A¢¢ountlng convenllon
The ffnan¢lal $tatemants have wepared In alt0rd￿￿ wlh the cha￿ty,$ dcoJm6nt, Ihe
Companies Aca 2008, FRS 102 1A Fknancw Rep￿1￿0 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 8pwlca￿6 lo ¢harftles thelr acA>)unls In ￿e1¥￿)ne￿8 ￿￿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 B￿èfft Enttty as dafffled ty FRS 1￿2 1
The (*arfty ha8 advantagè of tha I￿vISIOnS kn th& SORP f{￿ tharft1&8 not lo proparo 8 8(atem&)l of
C06h Flows.
The ￿anCIal8[alaMants ar8 prnpar￿l kn storflng. whith L8 th8 funGtknal of the d)arliy. Monelwy
8mounls In these flnandal stalements 8ra trj the n&aragt £.
The flnandal Statern￿ts have been prw*ed undor the hl8lorlc81 ￿st ¢)JrN8ntlon. Th8 prfThApal a￿¥SUNI1ng
pokxe8 8doptsd are $91 QUE batow.
At th8 Mm8 of app￿n0 th6 flnandal statements, thè truste68 have a rèasonable ex￿ctatIC￿ that Ihg charfly
has adequa(e resources lo C(￿tiN0 in 0￿rst[On￿l ex1sten￿ for Ihe forese93￿ fubJr4. Thu8 thg Irusts&G
(x)nUnu6 to adw Iho gokng ctt)nC￿ bask Ofa￿)￿n￿ng 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 r￿eS lo the ffin8ndal slatwnents.
EThJowTh8nt fuThls are Sub￿ to SFedfiG IJ)T¥Jkn¥ by that tho C4F41al mu61 be MaIr￿a￿ad by the
charfly.
1A Incom•
In￿Me18 rerj)Un18￿ when tho ehartty ts legalty entttl8d lo il after aw p8rfLYmarth (x)ndtllon8 hove be￿7 rnèL
Iha amounts ¢8n b8 m@gwr￿1 rebabiy, and it pKthblg that wll ￿ recehfftd.
Cash donauons are r￿nknd r￿￿￿L 0th8r thations ara re¢>Jgni8ed the has been Trotl￿d
of th6 donatk￿, unl88s p&tsmi*)ce 0￿dtionS requlre d6fevMI of the 8mount. Incnme tax ￿(Y)Ver8bIe In
r¢latTon to dOna￿on6 recdved under aft Akt ordè&ls of (4wenant ￿ rwlsed al the ttme of tho ¢Jonatlon.
Legacl88 are wnt80d rv4lpt or if Ihe d￿tty ha8 b89n rv)tllled of an knpetyjlng d18trityJtton.
tha amwnl Is kntjwn. and [￿pt ￿ eX￿t￿. 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 ho￿111$ bo wulrad b) settlement, and th8 amount of
tho c4)Ilgatlon can be ma88ured r8llaUy.
Expendllur818 d88811knI by a￿￿ty. 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 act1￿ly. Sh8rod C￿18 whlch eonlrfbule lo mora than one acllvity and
support costs whleh ara not allrlbutaL4e lo a single actimty are appOrti￿d belwg6n th09è 8¢t1￿ti&8 ￿ a bgsls
con8lslenl wlth the use of ￿9￿r¢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$&gw￿ al ￿k4t and subs• mo89uwed al cost or valuallort, net of
depr&laUon and any knpakniwl loss
Depredalknn Is reeognl8ed 80 a8 lo off Iho ij)8t orvaluauon of 88s8ts I￿ Ihetrrosklual valu86 ovor Ihetr
Usef￿ Ive8.
Fraehc4d land Is not dapT￿ted.
The galn or108S 8rtslng ￿ th& dlsposal of an asset L8 detemikned as tha diff8r8nce b￿￿eeTh lh8 salo proc8ed8
and the ¢arrylng value ol thè assaL 8nd16 [8rAwn1￿1 Slatsmenl of fln8nd818(th11109.
1.7 Flxed a88et Inve$tmonts
Flxed as86t Investments ar6 Inh191ty measured at transactkn e%￿dIng transactlcffi cc￿8, and are
$ubsequantly measured al falr value al eath retA)rtkng <Jale. ChaNJe8 In fralr vdluo arg rgcognl86d In not
In1￿Me1{axp9￿I1Iurél the year. Trsn8A(IlIM (wl8 ar8 ￿pOnSed as InGLwr￿.
1.8 Bornwlng ¢osts relatsd to flxed assats
Bommlng w81s dlreclty otMbutBbl& to Ihe wu18Won, (xJn8tnth w prQthdle￿ of qU￿lI￿ng a88tst8. wN¢h
o assots that ne￿Sarfty lake a 8ub81anlld porfod of time lo gel rg8(ty for thetr Inlended uso or sa￿, aro
added to th8 (*81 of Lhose as84ts, until as the asEels ar8 sub51anlLalty ready lor thelr Inlendgd usa
salg.
01h￿ borrowing costs are rwnw kn not hkyThl{expenthiura) h Iha pertod In whth they are Invjired.
1.9 Impalmiènt of Ilxgd 889819
At eath r&porting ènd dale, the chatlty r6kn the (4tyng am¢￿llts of118 tsnglblg a$wl8 lo d8tormkne
whethrf Ihere Is any Indlcalon that th088 &￿ts have SUff￿d an knpalrmenl los& If any suth Indlcatlon
exlsls, the re¢ov8r8b16 amount of tha asset IG estknate*J in order to de1am￿ne thè ext￿1 c)f th4 Impalrmenl
loss (Kanyl.
1.10 Ca8h and ¢aah aqulvalants
Cash and cash equIVa￿nI5 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 {Co￿riNUED>
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' sec￿On 12
'Olhor Finandal In3lJum8nts158ues' of FRS 102 1Alo vll of tts tlnandal knslruments.
Flngnclal Inslrumenls are rwni$ad kn Iho tharlLWB bthce 8heet th the thartty b8o)m88 ppAy lo the
contraclual pro￿810n9 of th8 lnslnll1￿L
Flnanctal as8&1s and HaMIi88 are offset. ￿th the net arrM)urrt8 prwnted In the finandal sEatgment8, when
there 1$ al￿¥11Y enfor￿able rfghtlo set off th8 rwnised am￿nts and Ihgre t8 an Intontlon 10 8eltle on 8 n91
ba￿9 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 tran88￿on 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 th8￿nted ai 8 marf(at rala of Inlere8L Flndndal gs8a18
dasslfled a8 ro¢etVabtè￿lhkn one are rN)t am(¥U89d.
Ba8lc I1￿￿¢141 IlabHItIos
Ba￿¢ flnanclal Ilablllues, Indudhg crnd[tO￿ a￿1 b8nk loans are Inllialty réc4)gnls$d al transadon priee unl988
th6 arrangement constitu188 a fina￿1n0 transaction. %ther8 tho dabl thslwment IG measurod al the present
valuè of the fulura paYn￿ts dlscKJurkte•Y ai 8 markal ratè of ll)teresL Fknandal lablltlos rJassif*d a8 Payable
I￿1h1n one y6ar are not amortkdd.
Debt instruments are 8th>8equentty cwited at amoTM8ed t￿1. u8kng Ihe effadvé Inté(es1 rate m6lht*l.
TrBd8 credltors ar8 olAlgallons to PAY for gorth or $8Thrfc8s th91 h8ve been acqulr&l In the cKdlnary o)urse of
op8rath)ns frcAn sup￿&r8. thoun18 payak>lg w dasslfied as current liabllitbg If payment 18 dug wthln one
year or less. If noL they are woS6nted as nOt￿￿rren( IlaNlIt*. Trade c￿110¢£ are r￿onI9￿d Inltlally al
Iransadlon yl¢e and sthequenty me8SLtsI al ￿M0￿ed Djst udrpJ Ihe eff&tNO Interasl met5￿d.
Dere¢oghlllon of flNn¢hl Ikbllhles
nandat IlaNllll88 arè d￿6￿gnISed ¥￿￿ the COntr*￿j ot4Wb)n8 exp(re or dlstharoed or
L¥n¢allad.
crftlcal a¢¢ountlno 0gtlm•tss ond ludgèfi￿ts
In the applicallon ofthe ¢h8rW$ a￿￿ng p￿des. tho ￿$t8￿5 ¥e r￿1[8d lo make ludgomonts. 6sUmales
and a8gumFllon$ about crylng anThJunl of a888ts and Itabilllles Ihal are not r8adlty apparent from olher
souw&s. The esumales and 888tx48￿j asswipUon8 are b8sed on hlstot1¢xl expgderKa and ¢thor faolorg that
are CON￿ldered io b8 rtsthnl. nmy (thff8rfrrm Ih890 esln)ate&
Tho esllmates 8nd [￿de￿ng assumpUMs are rethed on 8n ongc4ng ba81& R￿Slon8 to accounllng
e8dmales are rg¢ognlsed kn th8 perfod In vthk* thg eslrnale whorg thè re￿Sk)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 unr￿trIcted
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
C￿n￿l tax and tn8uranL
Repalrs
Sundry expense8
Ulllld6S
Leg81 And w0fe8St￿8I
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
i*arlty 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￿ perl￿ne1 vms as fdhm:
Taxatlon
Tho tharfly18 ex￿p1 from t8x¥llon (ffl Ks &l*Ail88 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 fj￿2.

LAWRENCE SHERIFF ALMSHOUSES
NOTES TO THE FINANCIAL STATEMENTS (coTrrriNUED)
FOR THE YEAR ENDED 31 MARCH 2025
11 Flxed asset hlvestmgnts
C(XF Doposlt
A￿0￿￿t.
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 [￿j￿Urch
Ro4d. Rugby. CV22 8
On Slh J8nuary 2024, Sh*lff A￿4￿U9¢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
3g￿n81 the loan. Interest rBle8 are 2.5% per annum *Jove the Bank of England base ralo. Thore havg been
dra￿down5 of £273,384121f24: £68.5481. The kan is lo be iepakl by monthly Instalm8n18 of knlere81 onty for
titt flr8t 24 m￿thS 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 ￿T￿Or￿ wlth the obl8cls of the tharfty aThl Is Ind￿led as utvèstrlrA¢d
Incom& Any ca￿tel 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
PwmanontOndo￿nents
24.787
124,787
17 RetstrlGt￿ funds
Thè restrlded fund8 of the dwrlty Lvmprkn the ￿eXp￿thd balanw of O￿at[¢￿S and gmls on tru81
$ubl8d lo specific condWon8 by d￿or9 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 l￿d$
The unreslrfded funds of Iha tharfty cornwlse thé unexpetNlèd balanew of donalk)n8 arxl grants whlch arè
JI 8ublg0110 8pedlc ￿nd￿0￿8 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 R￿trfcte￿ Endowm8nt
nds
funds
2026
2028
Total
2026
2025
At 31 March 2025:
Tandblè ass8t8
Inve8tménts
cUr￿t a38ei8lu￿nEflO8)
Long temi1l4b1ll￿8g
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
Curr￿tt assetslQL2billll891
temi lis￿1(￿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 diBdc*atl8 r818W p8ty Iransa*n6 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 antar￿1 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-