Chariry Registration No. 1199761 NDV RT AND UNA INAN TATEMENT FOR NDED 3 ARCH 2024 ROWLAND HILL Ai%D VAUGHAN ALMSHOUSE CHARITY LEGAL AND ADMINISTRATIVE IIYFORMATION Trustees: Father S J King Mr J R Hillman MrG Ghani Seuline expendilure is xppioved by the TNsiees. 15kM The irusiec5 have as5¢S5ed ihe major risk5 to which the Charity 15 exposed and hre shtisfied thRI systems kr¢ in plhce lo mitigalc exposure to the major risks. The Board regularly undcrtakcs reviews of th¢ risk5 to which the Charity 15 ¢IP05ed. rlncl %1 I k¥*nd Th¢ Board Is $81i%li¢d thai the procedures and controls eurrcnily in pl*ee Br¢ sufficient to mitigate the pere¢iv¢d risks to an acc¢plublc Icvcl. E4¢h Y￿ w¢ tjke siock of our health and safely ￿sitIOn. Any work thot neeiL* imrnediale 8ttention is c8rried out by 8 caretaker tyr a relevant iontraLtor. All relevant he¥lth and Safely risks are ideniified and priuriii5ed aLLVTding tts the s¢veriiy of the risk. Our CJr¢tsker monitor5 and handles all health 4nd ￿fety hazards on a day-torfjay level. H¢alih And safely risk a5S¢5smenis are regularly r¢viewed and updhied. We hve a multi-tiered approa¢h involvin8, C8rc¢akcr, Manager, Exerulivc Direclor. and Tru51¢¢5. Staff und¢i80 re8ular rel¢vant training to ensure the healih and safety of residents. oard Annual R¢vlew Ctsntrol Th¢ manaycni¢ni and Tru5t¢¢s rcmain ¢ommiited to understanding and evalualing all or8¥ni5hiional risk5 and ￿ takin8 appropriaie actions to miiigate them The knrd Ca￿leS oui regular review5 of controls. Policies ond Procedures arc in place covcrin8 The kcy areas including risk management. finance, procuwmeni. conflict of intcresl and safcguarding. These are rc8ulorly review¢d and updatcd to reflect curr¢nl le¥i51ation and ¥ood practice guidelines. A8 a result ofthis oveTSi8hi and periodic reviews and revisions. we are Mtisfied ihat wc h8v¢ good controls in pl¥¥e Relaled P2 TrHn5ACtIon5 Where appliLabl¢, related party transa¢iions are disclosed for all transaciion5 and all types of related partle5. The eharity ensur¢5 thai a transa¢tion witb a related party is at mark¢t value and th21 li is disclo￿d. Page 3 ROWLAND HILL AND VAUGRAN ALMSHOUSE CHARITY TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 Mlln Trends and F*ettsrs Affeetln Performance The faetOT5 that impact perfomiance are generally consistent year on year. These are mainly voids and unm3nag¢d arreats or significant maintenance emergency. These can all impact negatively on our perforniatjce. The Truste￿ and management of Rowland Hill are Committed to anticipating issues that may impact perfonnance. and we take steps to deal with any issues that may negatively impact on perforn)an¢e. PerformADee Indicators Revie Providin8 good quality affordable accommodation is a priority. We have an enduring committneni io invest in the upgrdding 2nd maintenance of our propcrty. W¢ are commiited to maintenance contributions at affordable levels and follow affordabl¢ ￿nI calculations in setting these. Our annual rent review compare5 favourdbly with local m¥rk¢t ￿nts. Active ag¢ing is important io us and our residents. Our progTamm¢ provides oppornjnities for Icisure aciivitie5 and interaetions irt community life and our active a8eing progrdrnmes continued during thi5 period. We have continued to provkde 5ervtces in line with our cornmittnent to support independent livin8 and the provision of 800d quality accommodation. Our team is commiiied to ensuring resident5 enjoy independent livin¥ in a well-run, good quality environmeni and we regularly review all elements of our provision. Governan¢e Code of Pra¢tlce A5 a rcgi5tered charity and regisiered PTovider. we are subject to regulations by the Regulator of Social Housing and the C.hariiy Commission. We m¢et the required compliance requirements. Thlrd Pfi Provlslon Qualifying third party provision is in place for the benefii of all board members. eetlves and Aetlyltles We have referred io Ihe Charity Commission's general guidance on public benefit when revicwing our aims and objectives and in planning our future a¢tivitie5. Rowland Hill Almshouses, primpry objective is to provtde affordable housing for women of limited means aged 55 Jnd over with a preference for Christians to enable them to retain their indepeDd¢Dce and live in the local community. This clearly provid¢5 an identifiabl¢ public benefii. The objecis of the Charity of Elizabeih Knighi in the period under review were the relicf either generally or individually of those who are in ctsnditions of financial need or hardshÈp. The trustees h&ve paid due regard to guidan¢e issued by the Charity Cornmission in deciding what actlVLties ihe Charity should undertake. hlevtments W¢ have eontInued io provide services in lin¢ with our cornmitment 10 support indep¢nd¢nt living and th¢ provision of good quoliry accomrnodation. Our oc¢upancy target of 92°/D was met and exce¢ded during ihis period. We achieved oceupaney of IOOO/o. Malntenan¢e Work Our Tnainienance work conc¢ntrot¢d on essential repairs and keepsng the flats, internal and external Space comfortable and safe. We ¢ontinued to update all areas as needed and in lin¢ with our annual maintenance progromme. Servlee Provlslon Our service provision continued with an exceptionally varied and full pnTrgramme of activities and ev¢nts as outlined below. Page 4 ROWLAND HILL AND VAUGHAN ALMSHOUSE CHARITY TRUSTEES, REPORT FOR THE YEAR ENDED JI MARCH 2024 Our activity programm¢ was exlensive during this peri(yJ. We hod JTound 33 activiti¢s and events which were as varied 8$ lunch clubs, Craft fairs, fireworks ¢vents io bingo clubs. We continued to offer an enhanced postoral car¢ service with the support of the loLal chtsreh. th¢ provision of a monthly communal ￿r¥I¢¢ and sp¢ci&l support m¢etin8s with the Manager and the Administrator. Gov¢rnanee RfvS¢w Followins a ¥ov¢monce review A new CIO has now becn scl up and re8lStered wilh th¢ Chariry Commission, charity numb¢r 1199761, This will carry out all lh¢ fvnctions of the Almshous¢ Chjrity and tlic ncxl phase will bc lo iran5f¢r 118$5¢1s ond liobiliiies and close the old ¢lwi¢y. Charity number 211726. This process is well underwoy. Inan lalR The charity r¢ceives mosi of its income from mainicnan¢¢ ¢ontributions paid by resid¢nts of the Almshouses. This is supplemented by inve$lmcni income and rental income from an on-site lodge whi¢h is Ict on a shonh¢Jld as5ur¢d t¢nancy. Exp¢ndiiure durin8 Ihe period ensured the upkttp and maintenance of the Almshouses and supported our residenis with 6ervice and stuff costs. All th¢ Js8¢ts are held for the funheranc¢ of the Charities obje¢tive$. li is th¢ policy of th¢ Charity ihai unrestricted funds which have not been d¢5igngited for a specific use should be mAiniain¢d a¢ a level ¢4uival¢nl l(> nin¢ monih's expenditure. The Trust¢e¥ consider ih&i r¢s¢rves ai this l¢v¢l will ¢nsur¢ that. in the event of a Si￿lf]Can1 drop in funding, they will be able lo continu¢ the Charity s ¢urrenl activiti¢$ whilc ¢onsiderAtion is given to W8y5 in which additional funds may be rais¢d. The Tru$tCC5 have A￿e¢d that fund5 should bc set aside for sp¢¢ial projects 10 improve the amenilies and Brow the or¥anisaiion and thcreforc T¢5Cry¢S. Thc Tru51¢cs arc aware thai res¢rvcs arc niore than the siaicd policy bui there ar¢ number of sp¢cial projects thal will b¢ undcrtak¢n in ihe next f¢w years lo improvc living standards and the well-b¢ing of residcni$. and Ihc Trustees feel it 1$ prudent lo hold a hisheT level ofres¢rves to fuThd th￿¢ projects. Inveitment Polley Truslec5 de¢idc objcctivcs and overall investment poli¢y. Fund5 are invested as considcr¢d 4ppropriatc to provid¢ an pproprialc and balanccd purtfolio. takin¥ inlo &c¢uunl the ￿qUirement￿ of ihe law relating io the inve&tment of charitable funds. The investment perforniance is measured againsi th¢ objeLtives set oui in the chariiy's invebtment polily. The main aim of the ¢ndowed funds invested in th¢ in¥ome portfolio 18 to be manog¢d based on producing a regular income whi151 aiming lo mainiain its Lapiiwl base in real iernjs. PermAn¢nt Endowmtnt IlDd R¢gerv¢• Endownieni Funds The Ejidowmeni Funds r￿[¢$¢￿( the Almshouses buildings and certain investments. The g¢counts identify th¢ investmcnls scparalely. In¢onic from the invc$tm¢nts may bc used for ihe purposes orth¢ r¢speciiv¢ chariry. DeslgnAted Reserve The ¢rustcc.4 belicvc that income from investhi¢nls should not b¢ u%d for th¢ day lo dhy Tunnin8 of the Almshouse and should bc used for refurbL8hmcnl and improvement of the housin8 SI￿k. Accordingly. 5u¢h incorne from th¢5e invesimcnts has been in¢luded in the d¢sign&ted reserve. A150 reprcscntcd within Ihe dc5ignatcd r¢%erve bul identified separately are some investments belon8Ln8 to the EIizgbe¢h Knight Charity. These investment$ repre5eni 4CLumulaled in¥ome rather than pem)anent endowmeni. so are available for use wiihin the purposes of the Elizabeth Knight Charity to be spent on providing Improv￿ servic¢s or fJ¢ililits at the Alm$houbes for the resid¢nts. ExtrAordin4ry Repllir Fund The fund ib set aside, in accordance with the scheme of the charity to provide for extraorditwy repairs. improvemeni or rebuilding of the Almshou5¢s belonging to the Almshouse Charity. Page 5 ROWLAND HILL AND VAUGHAN ALMSHOUSE CHARITY TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 Future Pros ects We aiTn to coniinue to develop the estate and the resident's o¢commodation. We will ensure all property is of a good quality and rneets 811 relevant standards. We plan lo extend and improve the car park havin8 now s¢¢ur¢d plaT)ning pennission. Aetive ageing will remain a fvnd4men￿l part of our servi¢¢ proYi$ion, 4nd we are encouraged by the positive feedback from resid¢nts. We plan io explore oiher servi¢¢ developmeni programmes whieh will enhanee the wellbein8 #nd ind¢pend¢n¢e of our residents. We will review our strJt¢gi¢ prioriiies and r¢vis¢ wher¢ ncc¢554ry lo keep up with relevani changes. Bo#r The Board is responsible for prepurinB the report gnd financiul 5taiements in accordance with applicable IAW and Tegulaiion&. The Co-OpeTaiive and Communily Buard Societies ALt 2014, and regisiered suLial housing le8l5181iun rcquire the Board lo prepare finanLial statement5 for ¢aLh fin8n¢ial y¢ar whiLh give a irue and fair view of Ihe slAie ofArr&irg of the irusi ond of 115 income and exptrndilur¢ for that period. lrt pr¢paring these financial statem¢nt$. th¢ Board is required to.. seleei iuitable 8ccounling policies And Ihen Apply them consistently. mak¢ judg¢mcnls ond esiimaies thTht Ar¢ r¢asonhbl¢ and prud¢nt. Itatc whcthcr applicable a¢¢ounting stondard5 have been followed, subject to ony maieriil dcp4Ttures di5¢1os¢d and cxplained in the financial slatem¢nl%', and propaTC the financiAI statemen15 on the going con¢¢rn basis unl¢s3 il is inappropriat¢ lo pr¢sum¢ thpt th¢ irusl will conlinuc in bu8ines$. Th¢ Bogrd is rc$pvt)sible for kcepin8 proper a¢¢ounting records which dis¢los¢ wilh r¢B8onwbl¢ aceuracy at any time the financial position of the trusi and enRble it lo ensure that the fLnanLial %taiementS Lomply wilh Co.Operaiive and Community Benefit Societies Act 2U14, the Hou8111¥ And R¢¥¢neration ALI 2008 and the ALLouniin¥ Dire¥tion for private r¢gi$teTed providers of 50CLal housing in England 2013. It ha% gen¢rJl re%ponsibili¢y for taking T¢JsonJble steps 10 Safeguard the assets of Ihe tnist and to prevenl and deleci fr8ud and other irregularitie5. On behalf of the board of tru%tee5 ÈAiher S J'l. Ln¥ John Hillman (Secretary) Daied.. Page O ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF** ## **ROWLAND HILL AND VAUGHAN ALMSHOUSE CHARITY** ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 March 2024. ## **Responsibilities and basis of report** As the Trustees of the Charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act). 1 report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act. In carrying out my examination l have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic oflreland (FRS I 02) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on I April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after I January 2015. l have completed my examination. 1 confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - I. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or 2. the accounts do not accord with those records; or 3. the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accowits give a true and fair view which is not a matter considered as part of an independent examination.; or - the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities and Housing Associations applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS I 02). - 4. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached ## **Darren Harding ACA FCCA DChA** Richard Place Dobson Services Limited I -7 Station Road Crawley West Sussex RHI0 IHT Dated: ........................ . 28 January 2025 _**Page**_ 7 ROWLAND HILL AND VAUGHAN ALMSHOUSE CHARITY STATEMENT OF COMPREHENSIVE INCOME (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH2024 2024 2023 Note Mainien&n¢¢ income 186,888 OpeTatin8 expendiDJre {166,1271 Operitlnl JurplMIl{loss) 20.761 In¢ome from dontytions. grattts And le8aei¢8 Inl¢r¢3t rtteivjble Interesl pay8ble and similar Lharges Unrealised gAin￿(lo5$C5I on inve5tmen15 20.761 Total comprehen8lve Income for the year 20,761 On behalf of the IIoJTd., kj Hillman Foth¢r S J Kin8 R¢8Lstration no.. 1199761 The notes on pages 12 to 17 fom part of these pccounts Pngp 11 ROWLAND HILL AND VAUGHAN ALMSHOUSE CHARITY BAkniNCE SHEET FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Nol Fls¢d ameti Tangible fixed aMet¥ Fixed ￿$¢1 investments Curreni Al•¢ti tkbiors Cash at bank Ind in hand 25.IW7 Credltori: amounts fillln8 due wltbln ye*r (4J26) Net eurrtnt •skts 20.761 Toi#l lem ¢urrtDt Il*blll¢ 20.701 Re•ervei: In¢omc and ¢xpcndiiure reserve 20,761 Totil Ruervei 20.701 The rinwbc1￿ sthternents We￿ apprvved authoriaed for by the Bo¥rd on ... Si8n¢d on beh4lf of ih¢ board.. lrfi J Hillm4n Father S J KinB Charity Re8iStrolion No.. 1199761 The note5 OD pa8es 12 to 17 fonn PArt of thue Iccouttts. P￿t9 ROWLAND HILL AND VAUGHAIY ALMSHOUSE CHARITY STATEMENT OF CHANGES IN EQUITY & RESERVES FOR THE YEAR ENDED 31 MARCH 2024 Endowmen¢ reserve Income & Expendlture reserve Tot81 A¢ 31.03.22 ond 01.(H.22 Surplus for the year Unrealised 105se5 on inve5tmenis Tot#l ¢OmPTehensive income Trdnsfers At 31.03.23 Irtd 01.04.23 Surplus for the year 20.761 20,761 Unrealised gains on invesiments Tot41 Comprehenslve Income 20.761 20,761 Transfers At 31.03.24 20,761 20,761 The notes on pages 12 to 17 fom) part of ihese a¢¢ounts. Poge JO ROWLAND HILL AND VAUGHAN ALMSHOUSE CHAIUTY STATEMENT OF CASH FLOWS YEAR ENDED 31 MARCH 2024 2024 2023 Note CA5h now from tsperAtlng &rtlvi¢les Intcresl paid Net cAJh now from Dper*tln8 •ctlvltl CA$h now from Inveitlng actlvltlei Inieresi received Purchas¢ of capital as5cts pU￿has¢ of fixcd asset investmenl N¢1 ¢aih flow from Invutln¥ Ietlvltl C*ih flow from fln*nclng aetlvltl¢• Repayment of long ienn loans Not ¢A•h flow from fln4nelnK Ilctlvltlei Net Id¢creAie) I In¢reAie In exih •nd c*#h equlvAlents C45h and cajh equivalents al 01.04.2023 Ca•h and eAsh equlvalen¢J At 31.03.2024 Th¢ notes on pages 12 to 17 forni part of th¢se aecounts P4ge 11 ROWLAND HILL AND VAUGHAN ALMSHOUSE CHARITY NOTES TO THE FINA,YCIAL STATEMENTS YEAR EIVDED 31 MARCH2024 Surnmary of slgnlficant aecountlng polltles 1.1 General Informatlon *nd baslg of prep*rAtlon The charity constitutes a public benefit eniiiy as defineil by FRS 102. The address of the registered office is given in the legal and administralion snforn)ation on page l of these fitwcial statements. The naiure of th¢ homes operations and prtnctpal activities are to provide affordable housing for women ofiimii¢d means aged 55 and over. Th¢ finan¢i81 statements have b¢¢n prepared in accordance with applicable accounting standaTd5 including Financial Rcporting Standard 102 the Financial Reporting StaDdaTd Applicable in the UK and Republic of Ireland IFRS 102), thc Chariti¢5 Act 2011. The financial Statements have been prepared on a 80ing concern basis under the historical Cosi convention, modified to include certain iierns at fair value. The finan¢ial statements are prepared in sterling. which is the funclional eurrency of the entity and are rounded ro the near¢5t The gi8nifieant accounting policies applied in the preparation of these finan¢ial statements are set out below. These policies have been consisiently applied to all years present¢d unless otherwise staled. Debtors ind credltors rff¢lv8ble I payAble wlthln on¢ ye8r Debiors and CTeditor5 Wlth no Stated inieresl Tate and receivable OT payable within one year are recorded at tramshclion price. Any losses arising from impairnieni are rttognised in the 5taiemeni of comprehenskve income in other administrdtive expenses. and borrowings Loans and borrowings are initially recognised ai th¢ transaeiion price including transaction costs. Subsequently, Ihey are measured ai amortiscd c05t using ihe eff¢¢live interesi rdi¢ method. less impairmeni. If an a￿angement constitrJte5 a financing transa¢rion Ll LS measured at present value. Provlslon5 Provtsitsns are recognised when Rowland Hill and Vaughan Almshouse Charity has an obligation at the balance sheet date as a result of a past evenL It is probable thai an oulflow of economic b¢n¢fits will be required in settlement and the amount can be reliably estimated. Costs of Extraordinary R¢pair5, unless representing improvements to th¢ properties. are charged to the Incom¢ and Expenditt￿¢ Account in the year which they are incurred. LeAse# Rentals pay8ble and receivable under operaiing leoses are charged to th¢ statement of comprehensive income on straight line basis over the period olthe lease. 1.6 T•x As an exempt ¢harity the ¢niity is exempt from wrporation tax on all surpluses it mak¢s. The activities of th¢ entiry are exempt from VAT. Therefore expenditure and irtcome is showij gross. 1.7 Turnover gnd other IDcome TurnoveT is measured at the fair value of the consideration received or T￿e1Vable. The poli¢ies adopted for th¢ T￿osnition of turnover are as follows.. Donations. leg&cies and Co￿.fRant5 are accounted for on a rec¢ipts basis or when the Charity has been notified or it5 absolule entiilemeni to a le¥acy. Interesi received is calcu18t¢d on an acLruols basis. Rent receivable represenis maintenance contribu¢ioDs, rent and sundry income from residenis, nei of rent losses rr(>m voids and are recognised in the period to which they relaie. Page 12 ROWLAND HILL AND VAUGHAN ALMSHOUSE CHAIUTY IYOTES TO THE FINANCIAL STATEMELYTS YEAR ENDED 31 MARCH 2024 1.8 Employee benefits Where employees have rendered service to the horne, short terni employee benefits lo which the employees are entiiled are recognÈsed at the undisc105¢d account expecied to be paid in exchange for that serviee. 1.9 Fund Ac¢ountiDg Endowment funds represeni funds represent inv¢stments made on behalf of the charity of whieh the prin¢ipal atnount inv¢stcd can noi be used but atty incom¢ from the investmellt can be used by the charity in linc with the charity objectlves. 1.10 Emzabetb Knight ¢h4rity The Elizabeth Knight charity was founded in 1729 and is part of the Charity Commi55ion S¢heme dated 16 November 1983. nii5 scheme states that the Rowland Hill and Vaughan Almshousc Chariry and The Chariry of Elizabeth Knight are ro be adtnini5tered togeiher. The Charities share the same Charity Number. Thesc financial 5taternents therefore incorporate the Elizabeth Knight Charity. ).] l Judgements and key source5 of estimation uncert#lnty There have been no judgements (apart from ihose Lnvolving ¢srimatesl made in the process of applyin8 th above ac¢ouniing policies thai have had a 5i¥nifJcani effect on amounts recognised in the financial siaiements. Aeeornmod•tion owDed atsd in Jn4nggement Number of unit5 Ilt P4umber of units Jlt 31.03.24 31.03.23 CoTnpleted units.. Units under development Surplui t)n ordinary actlviti¢s Surplus on ordinary activities is staled after clwging.. 2024 2023 Independent examination fees (including exp¢nses and benefits in kind) D¢preciation of tan8Èbl¢ fixed assets Unrealised gains / {losses) on investsnents 6.800 Trustee and key m8ryagement personthel remunergtio The tothl rernuneraiion for key mana8emeni personnel amounted to £38.981 {2023 - £nil). None of the trusiees lor any per50Ds ¢onnected with them) Teceivcd any remuneration duriti8 the year. no trnst¢¢s were reimbursed for travelling expenses. Page 13 ROWLAND HILL AND VAUGHAN ALMSHOUSE CHARITY NOTES TO THE FILYANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 Employeey Yumber •f employees The averdge monthly number of employees during ihe year was- 2024 Number 2023 Number Average weekly number of persons employed.. Almshouse operational personnel 2024 2023 Wages and salaries Employers Nl Pension costs 77.599 4,640 1,649 83.888 Th¢T¢ were no employees whose annual ¢rnolumenis were £60.000 or more. Debtors 2024 2023 Trdde debtors PrepaymenL% Amounts owed frorn RH&V Charity 273 24J14 25.1187 Credltors: Imountj falllng due wltbln one year 2024 2023 Trade Creditors Acc￿￿[5 Other crediiors 726 3.600 4,326 Poge 14 ROWLAND HILL AND VAUGHAN ALMSHOUSE CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 FuDd$ Incorne and Expenditure General Funds Movement ill fimds Gainslllosses) on invesM)ents Balance at 1.4.23 Net Incoming r¢souwe5 Transfers B4laDee 313.24 General Reserye Fut)d Movemeni in fund5 GaIn￿{lO$ses) on iMv¢stn]ents Balance at 1.4.22 Nei Incoming resources Tran5f¢rs B*laDce JlJ23 G¢n¢ral Reserve Fund 9 Oper•tlng le#5e commltmeDts Lessee At the reportÈng end date the charity had outstsnding commitments for future minimum le&se payments under nOn-￿¢¢lIable operniing leases, a5 follows.. 2024 2023 Page 15 ROWLAND HILL AND VAUGHAN ALMSHOUSE CHARITY LYOTES TO THE FINAI¥ClAL STATEMENTS YEAR ENDED 31 MARCH 2024 10 An•lvsls of net assets between fundi 31.03.24 Unr¢strict¢d Funds Tot*1 Fund balances are represented by.. Current as5cts Creditor5.' due within l year 25,0117 25.087 4,326 20.761 20.761 31.03.23 Unreslri¢ted Funds Total Fund balances are represented by., Curren¢ a$4ets Credit()rs.' due within l year I l Reconelllltlon of operAtln% iurplul to ¢*ih flow from •perAtln8 Actlvltles 2024 Surplus l {Defltltl for the year Revaluation of fixed A%sei inve4tmenl$ Iniere¥i poyable Int¢resl T￿e1ved Depr¢¢ialion of IAngible r￿ed assets Decrease / Ilncreasel in ir8de gnd otheT debtors (Decrease) I Increbse in tT8d¢ and oth¢r ¢rediiors 20.701 (25.0871 4J26 Net cish from oper8tln% #ctlvltl Page 10 ROWLAND HILL ALYD VAUGHAN ALMSHOUSE CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR EIVDED 31 MARCH 2024 12 Fln4nclAI Instruments The carying amounts of the fthoncial in5tnun¢nts are as follows.. 2024 2023 Debi instrumenis m¢asur¢d at amortised cost.. Trnde dcbiors Inoie 81 Oihcr debtors Inoie 81 273 24.814 25.087 Financiul li&hillile.v Measured ai amortis¢d cosl Bank loans Inotes 9- 101 Other credi(ors Inoie5 9- 101 4J26 4,326 The income. exp¢nx$. nei gains and n¢t105S¢5 atm'buthble io the financial instruments 8r¢ summaTised as follows.. 2014 2023 Income e.rpens* FinAncial li8biliiies measured at amortised cost Nei %oln.¥ ond lat.i'e.¥ (includin% c.ha4xe.¥ infuii. valtsel Financial as5cts m¢asufcd ai fair value through the statement of ¢omptehensiv¢ income 13 Ultlmat¢ Controllln8 Party No individual 15 Considered to be ihe ul¢imale Controlling porty. 14 PDBt BAlance Shcet Eventi The Trnstee5 sei up the CIO in Order to tran5fcr froin a Charity. which is re815t¢rcd undcr th¢ same name wi(h the re8JstrJtion number 211726. From the l July 2023 811 lrndin8 activity was Lhnd¢T¢8ken by the CIO. however th¢ transfer ofownership of the assets from (he charity did noi lake plA¢¢ uniil after the balance sh¢ei date. Poge 17