Charlty regl$lr•tlon number 1199976 Company regS•tratlon number CE029913 IEngland and Wale*l ALMSHOUSE OF ROBERT STILES CIO ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 24 JUNE 2025 ALMSHOUSE OF ROBERT STILES CIO LEGAL AND ADMINISTRATIVE INFORMATION Mr F Pamell MT D Rlchar(180n Major J Sibbald Mr P Nthvton MrAHunter Mrs L Tu*m5end Mrs J lQngdon Mr S Cunningham (AP￿nIed 12 May 20251 Charty numbgr (England and Wal￿) 1199976 Prfnclpal addross Jestws Tothlll Bur9h¢*e Newbury Beth8hiro RG20 9ED Indfrpgndent oxamln•r Chopman Worth LimrtwJ 2 The Old Estste Yard High Street East Hendred Wanlagg Oxfordshire OX12 8JY ALMSHOUSE OF ROBERT STILES CIO CONTENTS Twste83' rerxyt Indgwndont oxaminerfs repjrt Statement offinandal 3G*vths ststement offinancial posrfaon Notes to the financial ststements 6-12 ALMSHOUSE OF ROBERT STILES CIO TRUSTEES. REPORT FOR THE YEAR ENDED 24 JUNE 2025 The trustees present Iheir annual reFtirt and finandal 81alements for the year énded 24 June 2025. The financial slalemenls havè been prepared in accordance with the accounllng polic*s sel out In note 1 to the financial statements and comply wilh the charity's goveming I￿ument, the Charil*s Act 2011 an¢J "Acco¢Jnling and Reporting by Chanlies.. Statement of Recommended Practice 8ppluble lo charibes preparing their accounts In accordance with (he Financlal Reporting Standard applicabl8 in the UK and R¢public of Ire14nd IFRS 1021" (effective 1 January 20191. Oblectlv•• ind actSvltlo8 The chanty'$ objective Is the provision otAlm$house at￿MmodatK1rt lor the people of Wantag8. The charity aims lo help people with litt￿ cap¢tal and reStr￿ted income by provKYing accfjmmodab.on in the town The Iruslees invite app1*￿tiOnS from appropriat• Peop￿ and maintain a waib.ng list untsl vacanu¢8 b¢¢ome av8ilabSe. The trustees have pa￿ due règard lo guldance 18sued by the Chanty Commission in de¢*Sing what actsvtbgs tho chanty should undertake. The charity ha$ carried oth its duty regard lo th8 public benefit and the objeetNes ot the charity. Achl•v•m•nl• •nd porformanc• As at the 14th February 2023. the charity changed its organh8alSonal Slructuie from an unlncorporated charity lo charitable ineorporaled organisalion ICIOI. As such, the rernaining reserves. as8els and liabililios were transferred lo the new CIO entity 88 at that dale. Fln•nclal revl The tru$leg$ gr8 Consc￿￿5 thal the age of tho li8led buildings that compri￿ tho Alm$hou$o o¢¢ommod¥tion m••ns that they require regular maintenanc£ and a￿ subject lo auinquennial Ttviaws. During the year there have been structural improvements lo seveial ol the propert￿5 whith wsl approx¥nately £11,9CQ. The charity has a total of nine AJm8house properhos owned ty the ¢harlty In ￿rtherIne¢ Oft￿ Charitsblo ObPc￿. In order lo have 5uffick8nl financial ￿$OUrceS available to meet the eosl ol work$ that mlghl ne*J lo be car￿0 wt as a roiuh of the Qulnquennlal rnport, tha trustees have retained reserves for this purpos8. The r68eThes at the end of the Pre¥￿u$ financial year 24th June 2024 amounted 10 £324.398. OurirwJ Ihe year en¢Jed on the 24th June 2025, the charrty's Income exceeded its exFendilufe by £6,593, and Ihls surplus was incfeased further by gains on investrnenis of £4,090. As a resutt, al the end of the financlal perlod tho charity's roserves totalled £335,079. Of this total, £162.701 is ts.ed up in freehold land and buildings. The remaining reserves #ro split be￿een investments (approximately ￿￿thIrdS) anii bank balances lapproximalety on&llthirdl. The chanty 18 responsib￿ for the cgre ol hislorl¢, Ilsted almyhouse properties in Wanlage and accordingty can face substsntsal fep8ir aThJ Maintenan￿ costs. Because of the Irregular and sometimes unexpected ar4d subslAnthg1 nature ol s￿h sts, the trustee8 Cons￿eT rt appropriate lo maintain reseNes of around the ¢urTenl level The trustees have 88ses8ed the major risks to which the chaiity Is exposed, and are ylisfiéd that Jystems are In P￿rE to mIt￿ate exposure to the major riskts, 8tructure* gov•rnanco and management The charity 1$ an charitablo incL)rporatod organisabon registsied with Compan￿5 House and tho Chaiib8s Ccmnmission. ALMSHOUSE OF ROBERT STILES CIO TRUSTEES. REPORT (CONTINUED) FQR THE YEAR ENDED 24 JUhlE 2025 The trustee5 who seNed during the year and up to the ¢J8te of signature ofthe financial statements were. Major J Sibbald {Chaimianl M¥ P Nthvton Mr F Pamell Mr D Richardson Mr E Johnson MrA Hunter Mrs L Townsend Mrs J Kingdon Mr S Cunniroham Res*3ned 2510Y2025 Reskjned 1WQm5 AppoÉnted 12105r2025 The T￿￿t is administered by a management commsttee cx)nsi81ing ol all the TfU5tees, which lakes all Poli￿ and executive deasitins ￿lating to the Trust A minimum of ordinary meets'ngs of the Trustees are held per year and tr*0 such meetsngs were hekl in the period under reporL The Trust's bankers are theTSB, Wantage. The Trust and its trLbsie88 do not act as Custodian trustee5. The trustees declare that the￿ were no serious inadents or other matters Telating to this charity during the finanti81 year that this report covers. The trustees, reportwas approv￿ by tho B¢ard of Trustees. Major ! Sibba Chalrnian Date.. ALMSHOUSE OF ROBERT STILES CIO INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ALMSHOUSE OF ROBERT STILES CIO I report lo tl)e twstees on my examination of the fln#ncl818lalement8 ol Almsho(tie of Robert Stiles CIO (the charity) lor th8 year en¢Jed 24 June 2025. Rgspon•lbllltles Ind ba•1• ol roport As the trustees of the charity you a￿ responsiblo for the preparation ol the finanelal 8tAt8ments In actordanee with the requirements of the Charille8 Act 2011. I rgport in fespect ol my examinaknon of the ch8rity'B financial glalemenlg carr￿d out under séction 145 01 Ihe Charities Aet 2011. In catrying out my ex8minalion I have followed the Directs'ons gNen ty the Charty ComrnisS￿Jrn under sethon 1451511b) of the Charitw Acl 2011. Ind•p•nd•Trt •xamln•V* •tstam•nt Your attention is drawn to tho fact that the charity has prepared the financial statements in acc4)rdanG8 with the levant version ol the Stslemenl of Recommended Practice applicable lo charit￿5 preparing their financi81 slatemenls in aC￿rdance with the Financial Reporb"ng Slandard appluble in the UK and Republic of Ireland IFRS 1021 in preference to the Accountlng 8nd Reporting by Charib'es,. Statement of Recommended Practice 1ssued on 1 ri12005 which is referred lo in Ihe extsnt rogulalions but ha$ now been withdrawn. l understand th81 this has been done in or¢eT for the financial statements to provide a tru8 and fair viow in accofdanee with UK General Accepted Aco)unting Practice. I havè" tomp￿ted my éxamination. I confirrn that no tnotterl have cc4M ￿ my 8tt8"htiorf irt connection willl ffté examination gNing me cause to believe that in any material respèct.. accounting records w8re not kept in ￿pect ol the charity as required by section 130 of the Charitw A¢t 2011. the financial statements do not accord with those records.. or the financial statements do not compfy with ￿e applicable Tequlrements conc*miry the forn and content of finanaal statements set out in the Charit*s {Accounts and Reports) Regulabons 21)J8 other than any ul￿rnent that the financial slatements gNe a In￿ and fair view, which 1$ not a matter considefed as part of an independent examinatson. I have no concems and have come across no other matters In connectson wilh the examination lo whKh attention shouk1 be drawn in this report in order to enable a proper undor5tanding of the ffinancial ststements to be reacthed. Anna C*apman FCA Chapman Worth Limited 2 The Oid E51ate Yard High Street East Hendr Warrtage Oxfordshire OX12 8JY 03 Dec 2025 Dated.. ........... ALMSHOUSE OF ROBERT STILES CIO STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 24 JUNE 2025 Unrotrlctod Unrogtrfctad fund• nd 2026 2024 In¢om• from: Charitable Investments 28,201 1,713 Telal Incomo 37,8¥3 40,313 charitab￿ aciNlbes 27,885 47.516 Net gains on inVeS￿ts 10 4,090 8,612 Not IncoM￿(expendItuTO1 and m1>v￿ent In fund• 14.098 Ro￿nCIlIatIOn of funds: Fund balance5 at 25 June 2024 324,3 322,987 Fund balance8 at 24 Jun8 2025 338,494 324,3g6 ststemenl of financtal activities includes all gains and tosses reLwnised in the year. All income and eXpe￿Art￿re denve from conb'nuing ath"vib"es. ALMSHOUSE OF ROBERT STILES CIO STATEMENT OF FINANCIAL POSITION ASA T24 JUNE 2025 2026 2024 Nots• Flx•d au•ts T•ngiblÈ assets Invostrnents 12 13 166,118 118,083 166.118 113.992 284,199 280.108 urr•nl M••t• 14 Cash at bank and In h 55,022 48,165 55,327 48,470 Crodltor8'. amounts f•lllng du• wlthln t)Thg yoftr (1.0321 (4,1821 N•t currnnt •M•ts 54,295 44,288 Total as••ts l••1 ¢uir•nt Il•bllltl 338.494 324.396 Th• funds ot the charlty unrestrc￿ (uThJs 17 338,494 324,396 338,494 324,398 The financial Statement8 were approved by the InJ6tees on ......................... or J Slbbald IrmaD ALMSHOUSE OF ROBERT STILES CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 24 JUNE 2025 Accountlng pollcle• Charlty Inforniatlon Almshouse ol Robert Stiles CIO 18 B chadlable Ino)rp)raled organwlion feg151ered wrth Companies House and Ihe Charities Commission for England and Wales. 1.1 AccovntSng ¢onv•ntlon The financial slalements have been prepared In a¢cordanee with the ehanty'3 Articles ol Asgociation. the Charrties Act 2011. FRS 102 'The Financial Reporting Standard applubk in the UK and Republic ol Ireland. {'FRS 102.1 aftd the Charities SORP "Accounting and Reporting by Charities". Stsiernent of Recomrnended Prathce applicable lo tharities preparing their accounts in accordance with the Financial Reporting Standaid 8pplicable in the UK and Republic of Ireland IFRS 102}. (effective 1 January 2019). The charity is a Public Benefft Enttty as defined by FRS 102. The chanty has taken advantage of t￿ provisions In tho SORP for tharities not lo prepar6 a Statement of C•sh Fl(wn. The finanryal slalements h8ve departed from the Charities {Accounts and Reports) Re9ulalions 2008 only lo the extent wuireil to provKJe a true and faif view. Th18 departure ha¥ involved following the Ststemenl of Recommended Practice for charities apptying FRS 102 rather than thé vérsitin ol thè Stalèmènl of Recommended Practi￿ whth is referred to in Ihe Regulatsons bul which has Since been wrthdrawn. The financial slatements afe prepared in 51erling. which is the functional currency of the charlty. Monetary amounts in these finanaal Statements are rounded to the ￿are$l £. The financial statèm6nt8 have been prepared under th6 historical eosl eonvenlion. mixlified lo include the fevaluabon ol fréehold properties and lo include invesbment proFerties and certain financial inslrumenls •1 fair value. The prinopal accounting policies adopted are Sel out below. 1.2 Golng ¢oncom At thè bme of approving the ffinaneial stslementg, the tru9tees have 8 reasonab￿ expectation that thè charity has adequate rosources lo ¢onllnue In op8rallong1 exlstence for the forese8abl¢ fviur•. Thus the trustees conb.nue lo adopt the going con￿rn bas¢s of accounting in preparing the financial statements. 1.3 Charltable funds Unrestricted funds are availab￿ for uso al th¢ dis¢relon of the trustees In fvrther0n￿ ol Ihelr charrtabl8 Restricted lunds are subject to specffic condition$ by donors or grantors ag to how they may be used. The pvrpow 8nd of Ihg ro$triW fvnd6 am 601 out In the nol•8 lo finan¢lal Blatgments. Endowment fvnds ale subject to 8pecifK conditions ty donors that tho capitsl musl be maintalned by the 1A Inc￿10 Incy)me is recoonised when Ihp chanty Is leoally enlrtled lo il after ony perfOnTran￿ condition) hove been mot, the amounts can be measured reliably. and il Is piobable that Income will be r8¢eiv0d. Cash donab.ons are recognisad ¢M receipt. Other donation8 are ieco3nised once Ihe charty has been r*olified 01 the donabon, unless pertomiance eondillon$ requlie deferral ol the amount. Intom6 lax iecoverabk8 In relation to d¢)nations retxived under Gift Aid or deeds ol covenanl18 reeognlsed èl thè lime ol the donabon. ALMSHOUSE OF ROBERT STILES CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 24 JUNE 2025 Aceountlng pollcle• Icontlnuodl Legac￿8 8re ￿cOgnised on recelpl or olherwise11 the charty h8$ been notified of an Impending distribut￿n. the amounl is known, and receipt is exp8cled. If the amount Is not known. the ￿g3¢Y ss treated a$ onb"ngenl asset. 1.6 EX￿ndttUr4 Expendilur8 is recogntsed once there 18 a legal or conslrucliv8 obligation lo Iransler economic benefit 10 a third party, Il is probable that a transfer of economic benefits will be required in setuemenl. ond the arnount of the obligation can be measured reliably. Expenditure 1$ ¢lassified by activity. The costs ol èach athty 8re made up of the lotsl of direct eosts and shared costs, including support costs Invofved in undertaking each Hctsvity. Direct costs attributable lo a single aelivity are alloc8ted directly lo that ath"vity. sha￿ costs which contribute lo more th8n ¢ne aets'vity and support CO515 which are not attributable lo a Sing￿ actlvity are appgrtionod betsveen those aCtN￿¢S on a basis consistent wilh the use ol re80Ufces, Central staff costs are all¢)caled on the basis ol tsme Spenl and deprecialion charges are allocaled on the porti¢)n of the assel'g u8e. 1.6 Tanglble fixed assots Tangible fixed assets ale initially mea8urod 81 cost and sub80quonty mea8ur•d al cost or valuation, nel of depreciatson and )ny imp8imenl10¥8e8. The Iru$tees aT8 88ti8fied that the property can bo expoded lo retaln a reBKJual value groaler than rts onginal co$t. They acknowledge that thi8 d8pends on the property belng kepl in good repair. They also acknowkdge that it will be appropriate, in line with aeLounling standafds, to consider each year whether the carrying value has been impaired. Fffjehokl lJnd and buikling8 The gain or loss 8rf51ng on the dl$posal ol an asset Is dètenmln￿ a$ the dIfferen￿ tetrween the sale proceadi and the carrying value of the Asset, and Is recoanise(I In the slalemenl of financial actNrtRs. 1.7 Flxbd assèt Invoslments Frxed 8$sel inve8tmenl¥ are Inth'8lly mea8uTed al tron89Ction PTice excludiry transg¢tion c¥Jgts. and afe subsequentty measured al fair valLbO at each reporting date. Changes in fair value are rec4>Jniwl In net in¢omellexpendilurel for the year. Transaction costs are oxpensed aB incurred. 1A Impalmi•nt of flxed ••••ts AJ eath reporting end date, the charrty revlthvs the carying amounts ol its langiblo •gsets lo detemiino whether thorp i? any indicalion that Ih98e Ossets have Suffered an Impairment loi?. If any guch indKat exists. the rewverable omo¢Jnl of the a088t Is e6tsmaled in order to deiemiine Ihè extent of the Impaifmenl ss {rf $ny} 1.0 C4•h •nd c•sh gqulvJl•nls Cash and ¢ash equivalents include c88h In hand, deposlls held at call wllh banks, other short-temi ￿U￿1 Investfnents with owin81 molunbes ol three months Qf 1988, and bank overdrafts. Bank overdr8ft• ar• 8lThvn within borrowings in current l￿bill￿O&. ALMSHOUSE OF ROBERT STILES CIO NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 24 JUNE 2025 Ac¢ounllng pollclgs (COn￿nu•d> 1.10 Flnanclal Instruments The ¢harity has elected to apply the provisions of Section 11 'B89K Fin8na81 Instruments, and sects.on 12 'other Finan￿al Instruments Issues, of FRS 102 lo all of its financial in51rufftents, FFnanual instruments are recognised in the charity'$ balanc4 $he¢l when the charity becomes paty to the contractual provisK*ns of the inslwmenl. Financial assets anty liabilits'es are offset, with the nel amounts Pfesented In the finanrAal ststements. when there is a ￿9allY enforceable right to sel off the recognised amounts and there Is an intenb'on to 8etU8 Gn a nel basis or to realise the assel and setue the liability simullaneousty. Baslc flnan¢l•l a33ets Ba51c flnantlal assels, which ificludè dobldr8 attd ta$h ahd bank balance8. aré Iniually measured at transaction price including tsansaction costs and are subsequently carried at amortTrsed cost using tr*e effectNe interest method unless the 8trangernenl constrtules a financing transaction. where the transaction is measured al the present value of the futu￿ receipts discounted at a mad(et rale of interest Financial assets dassified as re¢eivab6e within one year are not amortised. Bas1¢ ffn•n¢lal li•bllltlg5 Basic financial liabilib'es. including creditors and bank loans are inrtialty rrtognisetor• 2025 Amounts falllng due wlthlTr one year. Prepayments and a¢¥xued Inoyme 11 ALMSHOUSE OF ROBERT STILES CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 24 JUNE 2025 15 Credltorn: •mount8 falllng du• wlthln ong ywr 2025 2024 Trade credrtOF3 A¢xruals and deferred In¢(Mne 3,188 1.032 1,032 4.182 16 Rgstrlcted funds The restn.cted fiJnds ofthe ch8rtty comprrse the unexpended balances of donations and grants held on trust subject to speofic ￿nditionS by d¢)nors as lo how they may be used. 17 Unfestrfcted funds The unrestricted lunds ofthe charity compriso the unexpended balances of don8tlon$ and grants which are not sutiject to specific condib.ons by donors and grantors as to how they may be used. These include desvJnated fvnds which have been sel aside out ol unrestricted fiJnd5 by the trustees for specthc purposes. At 25 Jun• Incomlng 2024 resources Rosourc88 Galns and expfrnded At24Ju 20 General funds 324,3 37,893 127,8851 Prevlous year: At25 June Incomlng R￿oUr¢8$ 2023 rosources exponded Galns and At 24 June General funds 322,987 40,313 {47.516) 8.612 324,3 18 Related party transa¢t50 There wefe no disd08able related party transactions during the year. 12. ## **Issuer** Chapman Worth **Document generated** Wed, 3rd Dec 2025 11:04:15 GMT **Document fingerprint** b93266b72eb9b29edafc13751b4c242e ## **Parties involved with this document** ## **Document processed** ## **Party + Fingerprint** Wed, 3rd Dec 2025 11:06:26 GMT Anna Chapman - Signer (5be5fa62a8aacc957dabfcfdea5f92dc) ## **Audit history log** ## **Date** ## **Action** Wed, 3rd Dec 2025 11:04:15 GMT Wed, 3rd Dec 2025 11:04:15 GMT Wed, 3rd Dec 2025 11:04:15 GMT Wed, 3rd Dec 2025 11:04:15 GMT Wed, 3rd Dec 2025 11:04:24 GMT Wed, 3rd Dec 2025 11:04:25 GMT Wed, 3rd Dec 2025 11:04:25 GMT Wed, 3rd Dec 2025 11:06:05 GMT Wed, 3rd Dec 2025 11:06:26 GMT Wed, 3rd Dec 2025 11:06:27 GMT Envelope generated with fingerprint 2a7aff4ca0c6cd4a39a7830ea735b6d5 (18.133.63.166) Document generated with fingerprint b93266b72eb9b29edafc13751b4c242e. (18.133.63.166) Anna Chapman has been assigned to this envelope. (18.133.63.166) Envelope has been set to automatically remind the active signer every 14 day(s). (18.133.63.166) Envelope generated Sent the envelope to Anna Chapman for signing Document emailed to party email Anna Chapman viewed the envelope (51.219.240.249) Anna Chapman signed the envelope (51.219.240.249) This envelope has been signed by all parties (51.219.240.249)