Charity Number: 1200606
The Doctors Green and Slater Rest Houses CIO
Report and financial statements For the year ended 31st October 2025
The Doctors Green and Slater Rest Houses CIO
Reference and administrative information
for the year ended 31st October 2025
Charity number 1200606
Registered office and operational address
Balmoral Road Heaton Moor Stockport SK4 4EA
There is also the unincorporated charity of The Drs Green and Slater Rest Houses (222486) registered at this address. The CIO superseded this charity 0n 1[st] November 2024. On the advise of our solicitors this charity has not yet been closed down
Trustees Trustees who served during the year and up to the date of this report were as follows:
Tim J Carlisle David McHugh Frances McCann Jane Barrett Wendy Taylor
Key management Frances McCann, Chair of Trustees
personnel
Bankers The Co-operative Bank PO Box 250 Delf House Southway Skelmersdale WN8 6WT
Solicitors
Slater Heelis Solicitors Brokers Rathbone Greenbank Investments 1st Floor, Crossgate House Port of Liverpool Building 47-55 Cross Street Pier Head Sale Liverpool M33 7FT L3 1NW
Independent Jennifer Daniel FCCA Slade & Cooper Limited Examiners Beehive Mill, Jersey Street, Ancoats, Manchester, M4 6JG
1
The Doctors Green and Slater Rest Houses CIO
Trustees’ annual report
for the year ended 31st October 2025
The Drs Green and Slater Charitable Incorporated Organization was registered with the Charity Commission on 7[th] October 2022. The Board of Trustees reported nil returns to the Charity Commission for the reporting periods 2022 – 2023 and 2023 - 2024. The accounts for the reporting period 20242025 are the first to be submitted as part of the Annual Return for the Drs Green and Slater Rest Houses CIO.
Prior to the 2024-2025 reporting period all annual returns were submitted by the Unincorporated Charity Drs Green and Slater Rest Houses (charity number 222486). All the assets and liabilities of the Unincorporated Charity were transferred to Drs Green and Slater Rest Houses CIO at the 31[st] October 2024.
The trustees present their report and the audited financial statements for the year ended 31st October 2025.
Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the charity’s trust deed and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.
Objectives and activities
The charity provides sheltered accommodation for older people who are able to live independently. They are eligible to apply for the accommodation if they have been living either in the County Borough of Stockport or within 5 miles of Stockport Town Hall for the ten years immediately preceding their application. Applicants complete in an application form and are interviewed by two trustees, who assess their needs according to the trust deed. Selection is made on the basis of this need, regardless of race, gender, religion, political affiliation or sexual orientation. If an applicant is considered to be suitable and there are no vacancies a waiting list is kept and updated regularly.
The trustees are aware of the Charity Commission guidance on Public Benefit and feel that the provision and maintenance of the sheltered accommodation described is of benefit to the public. The Trustees employ a Manager to enable the charity fulfil its purpose. Both trustees and the manager are concerned that all residents feel part of a mutually supportive community and receive daily checks on their welfare.
The trustees review the aims, objectives and activities of the charity each year. This report looks at what the charity has achieved and the outcomes of its work in the reporting period. The trustees report the success of each key activity and the benefits the charity has brought to those groups of people that it is set up to help. The review also helps the trustees ensure the charity's aims, objectives and activities remained focused on its stated purposes.
The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives that have been set.
2
The Doctors Green and Slater Rest Houses CIO
Trustees’ annual report
for the year ended 31st October 2025
Achievements and performance
The charity's main activities and who it tries to help are described below. All its charitable activities focus on the housing scheme and its residents and are undertaken to further The Doctors Green and Slater Rest Houses CIO charitable purposes for the public benefit.
During the year to 31 October 2025, the scheme has on average provided sheltered accommodation for twenty-six residents.
Operational developments:
Residents –
-
On average there were 26 residents (beneficiaries of the charity) living at the scheme over 2024-2025. There are 26 flats in total, 6 small studio flats and 19 one-bedroom flats of various sizes. 23 of these were occupied for most of the year.
-
All flats are connected to a 24/7 emergency call service that can be accessed by all residents when the manager is not on site.
-
One resident (age 91) died just prior to the end of the reporting year.
-
A small number of residents had accrued some debts in relation to their weekly Occupation Charge for their flats. By the end of October 2025 this underpayment matter had, for the large part, been resolved.
-
Residents have been making good use of the communal lounge and gardens over the reporting year.
-
The annual Residents and Trustees Christmas dinner took place at a local venue.
-
A community arts resource gained funding to offer weekly arts and well-being sessions during most of the year to residents, friends and family members.
Building and estate maintenance and repair – The trustees and staff endeavor to maintain a high standard of repair and maintenance to the whole property, using the services of local trades persons and operators.
Staffing – Following the retirement of the Manager in 2022 (a full-time post) the Trustees decided to move to a different staffing model. This resulted in a 30-hour-a-week Manager post and a 15-hour-aweek Charity Administrator post. The Charity Administrator provides administrative support for the Board of Trustees and for the Manager. The Trustees have found that the move to this new model for staffing has been successful in many respects. The Trustees also pay for the services of a bookkeeper who manages the operations of the charity’s day-to-day finances and produces the end-of-year accounts. Unfortunately, during the period April 2025 – September 2025 the Manager was unable to attend work, and he left the post at the end of September 2025. The Trustees and the Charity Administrator took over the day-to-day operational delivery to ensure that the impact of this on residents was as minimal as possible. Trustees have received no renumeration for this work. In October 2025 the Trustees met with the HR consultants to start the recruitment process for a replacement manager.
Almshouses Association – The Charity’s membership of the umbrella organization that supports independent housing charities the Almshouse Association has continued to be a valued and much used resource by both trustees and staff.
3
The Doctors Green and Slater Rest Houses CIO
Trustees’ annual report
for the year ended 31st October 2025
Beneficiaries of our services
The beneficiaries of our services are the residents who fulfil the criteria outlined above and as set out in the trust deed. Residents need to be capable of living independently.
Residents are contacted daily to check on their welfare, outside of working hours this service continues with an out-of-hours call service.
Financial review
The Trustees confirm that the restricted and unrestricted funds are available and adequate to fulfil the obligations of the charity.
The charity’s investments show a satisfactory return. The income derived from investing the trust fund is used to pay for the services of the Manager, the Charity Administrator, an out of hours cover service, and to subsidise the weekly occupation charge made to residents. The Trustees are also committed to a rolling programme of refurbishment and maintenance of the scheme buildings and site (see elsewhere in the report). The Trustees apply the income in administering, managing and maintaining the Rest Houses. They are also responsible for insuring the property against fire and other risks, and paying all other outgoings, salaries and expenses in respect of the property. The Trustees have the bulk of our investments to various ethical investment funds in line with our overall aims and objectives.
The financial statements disclose net incoming resources of £111,641 (net incoming resources of £400,483 in 2024).
Further, unrestricted funds amounted to £4,177,125, with free reserves of £2,666,951 Of this figure £2,452,733 is money held by the investment brokers, with £214,218 remaining for the Trustees to leave adequate working capital.
Restricted funds are designated for expending on extraordinary repairs and at the year-end amounted to £57,648 (£58,986 in 2024).
There are no uncertainties regarding the charity’s ability to continue, as a going concern.
Reserves policy
The Trustees principal responsibility is for the long-term housing of elderly people. Because of the vulnerable nature of residents, they recognise that they have responsibility to provide a safe financial environment in which to operate. It is therefore it is prudent to retain one year’s operating costs as a minimum, although this is mitigated somewhat by the occupation charges made to residents. The property was built in the 1960s, when one bed studio flats were quite acceptable to many of the target group of residents. In order to ensure the acceptability of the accommodation in the foreseeable future, Trustees believe a more substantial amount would be needed for any future building project designed to improve the standard of accommodation. Until such projects are agreed the Trustees have identified that an additional minimum sum of £150,000 should be held in reserve which would be released if and when further development takes place.
4
The Doctors Green and Slater Rest Houses CIO
Trustees’ annual report
for the year ended 31st October 2025
Structure, governance and management
The Constitution for the CIO has replaced the Trust Deed for the Unincorporated charity.
The statutory power of appointing new or additional Trustees is governed by the CIO Constitution.
The Constitution requires Trustees to be formally nominated and elected at the AGM, usually held in July each year. However, appropriate new trustees can be appointed to the board during the year, with their position being formally confirmed at the AGM.
Eligibility requirement is such that no person shall be qualified to be appointed unless he or she is a member, regular attender, or sympathetic to the views of the Society of Friends, commonly known as Quakers.
No external body is entitled to appoint a trustee to the charity.
There are usually between 5 and 7 trustees in post at any time. All trustees are encouraged to attend training sessions on topics relevant to their duties and are provided with a copy of the Constitution.
The Charity has membership of the Almshouse Association which is an umbrella organization supporting small charitable trusts who provide housing to people in need. This organization provided valuable guidance to the charity, trustees and staff.
All trustees give their time voluntarily and receive no benefits from the charity. No trustee expenses were claimed this year.
Funds held as custodian trustee on behalf of others
The charity does not act as custodian trustee for any other organisation.
5
The Doctors Green and Slater Rest Houses CIO
Trustees’ annual report
for the year ended 31st October 2025
Statement of responsibilities of the trustees
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the period and of its financial position at the end of the period. In preparing financial statements giving a true and fair view, the trustees should follow best practice and:
-
Select suitable accounting policies and then apply them consistently
-
Observe the methods and principles in the Charities SORP
-
Make judgements and estimates that are reasonable and prudent
-
State whether applicable UK Accounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements
-
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
The trustees’ annual report has been approved by the trustees on / /2026 and signed on their behalf by Frances McCann
Trustee
6
Independent Examiner’s Report
To the members of
Green and Slater Rest Houses CIO
I report on the accounts of the Charity for the year ended 31[st] October 2025 which are set out on pages 8 to 23.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
-
follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In the course of my examination, no matter has come to my attention:
-
(1) which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with section 130 of the 2011 Act; and
-
to prepare accounts which accord with the accounting records, comply with the accounting requirements of the 2011 Act
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Jennifer Daniel FCCA Slade & Cooper Ltd. Beehive Mill Jersey St Ancoats Manchester M4 6JG
Date: / /2026
7
Drs Green & Slater Rest Houses CIO
Statement of Financial Activities
for the year ended 31 October 2025
| Unrestricted funds Note £ Income from: Charitable activities: 3 174,044 Investments 4 49,182 Total income 223,226 Expenditure on: Raising funds 5 17,798 Charitable activities: 6 199,904 Total expenditure 217,702 5,524 1,280 106,175 7 112,979 Transfer between funds - 112,979 Reconciliation of funds 4,064,146 Total funds carried forward 4,177,125 Net income/(expenditure) before net gains/(losses) on investments Realised gains/(losses) on investments Unrealised gains/(losses) on investments Net income/(expenditure) for the year Total funds brought forward from unincorporated charity Net movement in funds for the year |
Restricted funds £ - - - - - - - - (1,338) (1,338) - (1,338) 58,986 57,648 |
Total funds 2025 £ 174,044 49,182 223,226 17,798 199,904 217,702 5,524 1,280 104,837 111,641 - 111,641 4,123,132 4,234,773 |
Unincorporated charity Total funds 2024 £ 148,278 57,308 |
|---|---|---|---|
| 205,586 | |||
| 18,290 182,494 |
|||
| 200,784 | |||
| 4,802 77,500 318,181 |
|||
| 400,483 - |
|||
| 400,483 3,722,649 |
|||
| 4,123,132 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
8
Drs Green & Slater Rest Houses CIO
Balance Sheet
as at 31 October 2025
| Note £ £ Fixed assets Tangible assets 11 1,510,174 Investments 12 2,510,382 Total fixed assets 4,020,556 Current assets Debtors 13 11,621 Cash at bank and in hand 218,980 Total current assets 230,601 Liabilities Creditors: amounts falling due in less than one year 14 (16,384) Net current assets 214,217 Net assets 4,234,773 Funds of the charity: Restricted income funds 15 57,648 Unrestricted income funds 16 4,177,125 Total charity funds 4,234,773 2025 |
£ £ 1,505,363 2,450,247 3,955,610 2,723 177,440 180,163 (12,641) 167,522 4,123,132 58,986 4,064,146 4,123,132 Unincorporated charity 2024 |
£ £ 1,505,363 2,450,247 3,955,610 2,723 177,440 180,163 (12,641) 167,522 4,123,132 58,986 4,064,146 4,123,132 Unincorporated charity 2024 |
|---|---|---|
| 3,955,610 167,522 |
||
| 4,123,132 | ||
| 58,986 4,064,146 |
||
| 4,123,132 |
The notes on pages 11 to 23 form part of these accounts
Approved by the trustees on / /2026 and signed on their behalf by:
Frances McCann (Trustee)
9
Drs Green & Slater Rest Houses CIO
Statement of Cash Flows
for the year ending 31 October 2025
| Note 2025 £ - - Cash flows from investing activities: Dividends, interest, and rents from investments 49,182 Proceeds from sale of tangible fixed assets - Purchase of tangible fixed assets - Proceeds from sale of investments - Purchase of investments - Cash provided by/(used in) investing activities 49,182 49,182 177,440 Cash and cash equivalents at the end of the year 226,622 Increase/(decrease) in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Cash provided by/(used in) operating activities |
Unincorporated charity 2024 £ - |
|---|---|
| 57,308 - (619,338) 343,577 (50,120) |
|
| (268,573) | |
| (268,573) 355,098 |
|
| 86,525 |
10
Drs Green & Slater Rest Houses CIO
Notes to the accounts for the year ended 31 October 2025
1 Accounting policies
The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
a Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), second edition - October 2019 (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006 and UK Generally Accepted Accounting Practice.
The accounts (financial statements) have been prepared to give a 'true and fair view' and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), second edition - October 2019, rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
On 31 October 2024, the assets, liabilities and operations of The Drs Green and Slater Rest Houses (charity no. 222486) transferred to The Drs Green and Slater Rest Houses CIO (charity no. 1200606). The financial statements have been prepared using merger accounting principles and comparative figures for the prior year relate to the predecessor unicorporated charity.
Drs Green & Slater Rest Houses CIO meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
b Preparation of the accounts on a going concern basis
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
There are no key judgments which the trustees have made which have a significant effect on the accounts.
The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next reporting period.
11
Drs Green & Slater Rest Houses CIO
Notes to the accounts for the year ended 31 October 2025 (continued)
c Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.
Income received in advance of a provision of a specified service is deferred until the criteria for income recognition are met.
d Donated services and facilities
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised; refer to the trustees’ annual report for more information about their contribution.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
e Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
12
Drs Green & Slater Rest Houses CIO
Notes to the accounts for the year ended 31 October 2025 (continued)
f Fund accounting
Unrestricted funds are available to spend on activities that further any of the purposes of charity.
Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.
Restricted funds are donations which the donor has specified are to be solely used for particular
g Expenditure and irrecoverable VAT
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
-
Costs of raising funds comprise the costs of investment management and their associated support costs.
-
Expenditure on charitable activities includes the costs undertaken to further the purposes of the charity and their associated support costs.
-
Other expenditure represents those items not falling into any other heading.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
h Operating leases
Operating leases are leases in which the title to the assets, and the risks and rewards of ownership, remain with the lessor. Rental charges are charged on a straight line basis over the term of the lease.
i Tangible fixed assets
Individual fixed assets costing £500 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows:
Freehold building 1.0% - 1.5% on cost Office fixtures and equipment 20% on cost
13
Drs Green & Slater Rest Houses CIO
Notes to the accounts for the year ended 31 October 2025 (continued)
j Fixed asset investments
Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year.
The Charity does not acquire put options, derivatives or other complex financial instruments.
The main form of financial risk faced by the charity is that of volatility in equity markets and investment markets due to wider economic conditions, the attitude of investors to investment risk, and changes in sentiment concerning equities and within particular sectors or sub sectors.
k Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
l Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
m Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
n Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
14
Drs Green & Slater Rest Houses CIO
Notes to the accounts for the year ended 31 October 2025 (continued)
o Pensions
Employees of the charity are entitled to join a defined contribution ‘money purchase’ scheme. The charity’s contribution is restricted to the contributions disclosed in note 8. There were no outstanding contributions at the year end.
2 Legal status of the charity
The charity is a Charitable Incorporated Organisation, registered as a charity in England & Wales.
3 Income from charitable activities
| Residents' Fees Other income Total Total by fund 31 October 2024 |
Unrestricted £ 173,942 102 174,044 148,278 |
Restricted £ - - - - |
Total 2025 £ 173,942 102 174,044 148,278 |
Unincorporated charity Total 2024 £ 148,108 170 |
|---|---|---|---|---|
| 148,278 | ||||
15
Drs Green & Slater Rest Houses CIO
Notes to the accounts for the year ended 31 October 2025 (continued)
4 Investment income
| Investment income | ||
|---|---|---|
| Income from bank deposits Dividends received |
Total 2025 £ 232 48,950 49,182 |
Unincorporated charity Total 2024 £ 254 57,054 |
| 57,308 |
All of the charity's investment income arises from interest in interest bearing deposit accounts and dividends from other fixed investments.
5 Cost of raising funds
| Investment management costs | 2025 £ 17,798 17,798 |
Unincorporated charity 2024 £ 18,290 |
|---|---|---|
| 18,290 |
All expenditure on cost of raising funds is unrestricted.
6 Analysis of expenditure on charitable activities
| Staff costs Premises Administration Depreciation Project Costs Governance costs |
Total 2025 £ 55,518 91,736 15,122 18,563 12,882 6,083 199,904 |
Unincorporated charity Total 2024 £ 37,774 91,002 16,574 18,201 13,825 5,118 |
|---|---|---|
| 182,494 |
16
Notes to the accounts for the year ended 31 October 2025 (continued)
Drs Green & Slater Rest Houses CIO
7 Net income/(expenditure) for the year
| Unincorporated | ||
|---|---|---|
| charity | ||
| This is stated after charging/(crediting): | 2025 | 2024 |
| £ | £ | |
| Depreciation | 18,563 | 18,201 |
| Independent examiner's fees | 1,592 | 1,060 |
8 Staff costs
Staff costs during the year were as follows:
| Wages and salaries HR Consultancy Recruitment |
2025 £ 51,132 4,386 - 55,518 |
Unincorporated charity 2024 £ 32,741 4,791 52 |
|---|---|---|
| 37,584 |
No employee has employee benefits in excess of £60,000 (2024: Nil).
The average number of staff employed during the period was 2 (2024: 1.5) The average full time equivalent number of staff employed during the period was 1.5 (2024: 1.5).
The key management personnel of the charity comprise the trustees and the Scheme Manager. The total employee benefits of the key management personnel of the charity were £29,537 (2024: 27,912).
9 Trustee remuneration and expenses, and related party transactions
Neither the management committee nor any persons connected with them received any remuneration or reimbursed expenses during the year (2024: £0).
No members of the management committee received travel and subsistence expenses during the year (2024: £0).
There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.
No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity, including guarantees, during the year (2024: nil).
17
Drs Green & Slater Rest Houses CIO
Notes to the accounts for the year ended 31 October 2025 (continued)
10 Corporation tax
The charity is exempt from tax on income and gains falling within Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.
11 Fixed assets: tangible assets
| Cost Additions Disposals Depreciation Charge for the year Disposals Net book value At 1 November 2024 At 31 October 2025 At 1 November 2024 At 31 October 2025 At 31 October 2025 At 31 October 2024 |
Freehold Property £ 1,684,637 21,274 - 1,705,911 184,693 17,059 - 201,752 1,504,159 1,499,944 |
Furniture & equipment £ 64,133 2,100 - 66,233 58,714 1,504 - 60,218 6,015 5,419 |
£ 1,748,770 23,374 - Total |
|---|---|---|---|
| 1,772,144 | |||
| 243,407 18,563 - |
|||
| 261,970 | |||
| 1,510,174 | |||
| 1,505,363 |
18
Drs Green & Slater Rest Houses CIO
Notes to the accounts for the year ended 31 October 2025 (continued)
12 Investments
| Investments | ||
|---|---|---|
| Add: additions to investments at cost Disposals at carrying value Add net gain/(loss) on revaluation Market value at the end of the year Market value at the start of the year |
2025 £ 2,450,247 39,843 (84,545) 104,837 2,510,382 |
Unincorporated charity 2024 £ 2,425,523 50,120 (343,577) 318,181 |
| 2,450,247 |
Investments are all carried at fair value and are all traded in quoted public markets.
13 Debtors
| Residents' Fees due Prepayments and accrued income |
2025 £ 3,046 8,575 11,621 |
Unincorporated charity 2024 £ 408 2,315 |
|---|---|---|
| 2,723 |
14 Creditors: amounts falling due within one year
| Trade creditors Residents' Fees Overpaid Other creditors and accruals |
2025 £ 15,384 689 311 16,384 |
Unincorporated charity 2024 £ 3,135 440 9,066 |
|---|---|---|
| 12,641 |
19
Drs Green & Slater Rest Houses CIO
Notes to the accounts for the year ended 31 October 2025 (continued)
15 Analysis of movements in restricted funds
| Balance at 1 November £ Extraordinary Repairs Fund 58,986 2,023 £ Extraordinary Repairs Fund 243,595 Previous reporting period (unincorprated charity) Extraordinary Repairs Fund Extraordinary Repairs Fund |
Income £ - Income £ 15,391 |
Expenditure £ (1,338) Expenditure £ - |
Transfers £ - Transfers £ (200,000) |
Balance at 31 October 2025 £ 57,648 |
|---|---|---|---|---|
| Balance at 31 October 2024 £ 58,986 |
The fund was set up in 1971 by order of the Charity Commissioners. Any investments standing to the credit of the fund which have derived from income may be applied from time to time for the extraordinary repair, improvement or rebuilding of the Rest Houses belonging to the Charity.
The fund balance is represented entirely by investments.
20
Drs Green & Slater Rest Houses CIO
Notes to the accounts for the year ended 31 October 2025 (continued)
16 Analysis of movement in unrestricted funds
| General fund Previous reporting period Name of General fund General fund |
Balance at 1 November Income Expenditure Transfers £ £ £ £ 4,064,146 330,681 (217,702) - 4,064,146 330,681 (217,702) - Balance at 1 Nov 2023 Income Expenditure Transfers £ £ £ £ 3,479,054 205,586 179,506 200,000 3,479,054 205,586 179,506 200,000 Description, nature and purposes of the fund The free reserves after allowing for all designated funds |
As at 31 October 2025 £ 4,177,125 4,177,125 |
|---|---|---|
| As at 31 October 2024 £ 4,064,146 |
||
| 4,064,146 | ||
17 Analysis of net assets between funds
| Tangible fixed assets Fixed asset investments Total Other net current assets/(liabilities) |
General fund £ 1,510,174 2,452,734 214,217 4,177,125 |
Designated funds £ - - - - |
Restricted funds £ - 57,648 - 57,648 |
Total £ 1,510,174 2,510,382 214,217 |
|---|---|---|---|---|
| 4,234,773 |
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Drs Green & Slater Rest Houses CIO
Notes to the accounts for the year ended 31 October 2025 (continued)
18 Reconciliation of net movement in funds to net cash flow from operating activities
| Net income/(expenditure) for the year Adjustments for: Depreciation charge (Gains)/losses on investments Decrease/(increase) in debtors Increase/(decrease) in creditors Net cash provided by/(used in) Dividends, interest and rents from investments |
2025 £ 111,641 18,563 (104,837) (49,182) (8,898) 3,743 (28,970) |
Unincorporated charity 2024 £ 400,483 18,201 (318,181) (57,308) 44,490 3,230 |
|---|---|---|
| 90,915 |
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Drs Green & Slater Rest Houses CIO
Notes to the accounts for the year ended 31 October 2025 (continued)
19 Prior year Statement of Financial Activities for unicorporated charity
| Income from: Charitable activities: Investments Total income Expenditure on: Raising funds Charitable activities: Total expenditure Transfer between funds Reconciliation of funds Total funds brought forward Total funds carried forward Net income/(expenditure) for the year Net movement in funds for the year Net income/(expenditure) before net gains/(losses) on investments Realised gains/(losses) on investments Unrealised gains/(losses) on investments |
Unrestricted funds £ 148,278 57,308 205,586 18,290 182,494 200,784 4,802 77,500 302,790 385,092 200,000 585,092 3,479,054 4,064,146 |
Restricted funds £ - - - - - - - - 15,391 15,391 (200,000) (184,609) 243,595 58,986 |
Total funds 2024 £ 148,278 57,308 205,586 18,290 182,494 200,784 4,802 77,500 318,181 400,483 - 400,483 3,722,649 4,123,132 |
Total funds 2023 £ 131,716 74,002 |
|---|---|---|---|---|
| 205,718 | ||||
| 18,628 154,648 |
||||
| 173,276 | ||||
| 32,442 - (5,320) |
||||
| 27,122 - |
||||
| 27,122 3,695,527 |
||||
| 3,722,649 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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