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 The CIO superseded this charity 0n 1[st] November 2024.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|
21
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|
22
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.
23