REGISTERED CHARITY NUMBER: 1202387
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 30 June 2025
for
Croston Almshouses Charity
Mcmillan & Co LLP
Chartered Accountants
28 Ealon Avenue
Matrix Office Paik
Buckshaw Village
Chorley
Lancashire
PR7 7NA

Croston Almshouses Charity
Contents of the Financial Statements
for the year ended 30 June 2025
Page
Reference and Administrative Details
Report of the Trustees
Independent Examlnefs Report
statement of Flnanclal Actlvltles
Balance Sheet
Notes to the Financial Statements
8 10 14
Detailed Statement of Financial Activities
15

Croston Almshouses Charity
Reference and Administrative Details
forthe year ended 30 June 2025
TRUSTEES
Reverend M Woods
MIS HM Lloyd Iresigned 3016120251
Mrs JR Taylor
Mrs K Almond (resigned 2919120251
Mrs GM Kearlon
AC Marston
P Fenemore (resigned 11412025)
PJ Guinness
MsDCox
JH Kinsella lappoinled 1411120251
REGISTERED OFFICE
28 Ealon Avenue
Matrix Olfice Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA
REGISTERED CHARITY
NUMBER
1202387
INDEPENDENT EXAMINER
Mcmillan & Co LLP
Charleied Accounlanls
28 Ealon Avenue
Matiix Office Park
Buckshaw Village
Choiley
Lancashire
PR7 7NA
Page 1

Croston Almshouses Charity
Report of the Trustees
forthe year ended 30 June 2025
The Iruslees who are also directors of the charity for the puiposes of the Companies Act 2006. present their
report wilh the financial stalemenls of the charity for the year ended 30 June 2025. The trustees have
adopted the provisions of Accounting and Repoilin9 by Charities.. Slalemenl of Recommended Practice
applicable lo charities preparing their accounls in accordance with the Financial Reporting Slandard
applicable in the UK and Republic of Ireland IFRS 102} leffeclive l January 20191.
OBJECTIVES AND ACTIVITIES
Objectlves and aims
The objects aTe'.
The provision ol housing accommodation for those in need in the area of benefit.,
Such charitable purposes for the benefit of the residents a5 the Iruslees decide..
The relief of persons resident in the area of beiiefil who are in need. hardship or distress., and
In exceptional cases, as determined by the Irustees, the relief of persons who are in need, hardship
or distress and who are resident outside the area of benefit or any temporary resident of the area of
benefit.
The area of benefit is the ancient parish of Croslon (Bispham, Brelherlon, Croslon. Heskelh-wilh-Beconsal1,
Mawdesley. Rufford, Tarlelon and Ulnes Walton) with a preference for the ancient township of Crostorn.
To further the objects the Charity has thirteen almshouses, nine of which ea¢h have an internal floor area of
between 31.2 and 35.3 square melres compared with the minimum recommended for a single peison of 34.0
Square melres. The Charity had four recently modernised almshouses two wilh two bedrooms and iwo with
double bedrooms. The almshouses are maintained in good condition for the use of the beneficiarie5.
The weekly maintenance contributions received from the almshouse residents were used lo cover the cost of
insurance and general maintenance as well as to provide funds for pèriodic upgrades, improvements and
refurbishments.
The Iruslees confirm that they havè referred lo the guidance contained in Ihe Chafity Commission's general
guidance on public benefit when reviewing the Charity's aims and objective5.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
The Charity follows The Almshouse Association'5 Standards of Almshouse Management" and has issued a
Resident's Handbook, based on their example.
The Quinquennial report, underiaken by Bernard Taylor Partnership IBTPI in 2022 on all of the properties
highlighted areas where work is required to meet the charities obligations and to meet legal requirements.
Work last year focussed on the major refurbishment of the Shevinglon Causeway properties, as well as
addressing the recommendations from the Quinquennial report as parl of a live-year maintenance and
improvements programme. This incurred an expense ol over £124.000 in 2023 leaving limited opportunity for
other than urgent works until the maintenance lunds are replenished.
All of the Slalulory Gas and Electrical Inspections are up lo dale
There have been a number of initiatives on the second and third objects stated above.
Investment performance
Investment Managers advise on the listed investments.
FINANCIAL REVIEW
Investment policy and objectives
The inveslmenls, including the Emergency Repair Fund, were held with the total Telurn (combined income
and capilall being ol prime importance.
Page 2

Croston Almshouses Charity
Report of the Trustees
for the year ended 30 June 2025
FINANCIAL REVIEW
Reserves policy
The unreslricted funds are to cover general maintenance and perioclic upgrades, improvements and
refurbishment of the almshouses and other p¥ojecls and developments which have yel to be approved in
detail.
An Emergency Repair Fund for the almshouses is intended lo be maintained in Commoa Investment Funds
las 8 designated fund) in line with the recommendations of The Almshouse Association., there is no sepaiate
Cyclica5 Maintenance Fund or Routine Maintenance Provision.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity was registered as a Charitable Incorporated Charity ICIO} 112023871 on 20 March 2023 and
changed its legal form from Ihe previou5 unincoipoialed charily {2366991 to continue the charities wofk in an
incorporated slruclure. This change became effective on fj January 2024 and in accordance with the
Slalemeiit Of Recommended Practice is treated as a 'mergei"
Merger accounling involves presenling the
assets, liabilities and funds as though they had atways been part of the same Ireslrucluredl charity. These
comparatives show the results of combining the (unincorporated and incorporaledl charilies for the whole of
the year.
The Charity cOmpr￿Sed the following conslitLtent charities..
The Old Almshouses Icroslon's Almshouse & Wilson's Charities)
The Jubilee Almshouses
Mrs Margaret Jackson for Almshouses
Mrs Margaret Jackson for the Maintenan￿ and repair of Almshouses
Poor's Stock (including John Hough & George Norris Chariliesl
William Dandy
Thom3$ Norri$
Approved by order
f the board of trustees on 4 February 2026 and signed on ils behalf by..
AC Marston - Trustee
Page 3

Independent Examiner's Report to the Trustees of
Croston Almshouses Charity
Independent examinetrs report to the trustees of Croston Almshouses Charity I'the Company'}
I report lo the charity Iruslees on my examination ol the accounts of the Company for the year ended
30 June 2025.
Responsibllllies and basis of report
As the charily's trustees you are responsible for the preparation of the accounts. The chaTity's trustees
consider that an audit is not required for this year (under section144121 of the Charities Act 2011 I'lhe
2011 Acl'l and that an independent examination is required. Since your charity's gross incomè exceeded
£250,000 your examiner musl be a member ol a listed body. I cari Confirm that l am qualified lo
undertake the examinalion because l am a registered member of the Institute of Chaflered Accounlants
in England and Wales which is one ol the listed bodies.
11 is my responsibility lo=
Examine the accounts under Section 145 of the Act
To follow the procedures laid down in the General Directions given by the Charity Commission
(under Section 14515llbl of the 2011 Act)., and
To slate whether particular malle¥s have come to my attention.
Independent examiner's statement
I have completed my examination. I confirm that no matter5 have come to my attention in connection with
the examinalion giving me cause to believe..
Vvhich gives me reasonable cause to believe that, in any material respect, the requirements
To keep accounling records in accordance with Section 130 of the 2011 Act., and
To prepare accounts which accord with the aGGouriting records and to ¢omply with the
accounting requirement of the 2011 Act.
Have not been met.. or
To which in my opinion, allenlion should be drawn in order lo enable a proper understanding of the
accounts to bè reached.
JFD Mcmlllan
cmillan & Co LLP
Chartered Accountants
28 Ealon Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA
Date.. 4 February 2025
Page 4

Croston Almshouses Charity
Statement of Financial Activities
forthe year ended 30 June 2025
2025
Total
funds
2024
Tolal
funds
Unrestricted Endowment
fund
fund
Notes
INCOME AND ENDOWMENTS FROM
Charitable aclivltles
Almshouses
61,308
61,308
53,304
Investment income
153
3,170
3,323
Total
61,461
3,170
64.631
57.523
EXPENDITURE ON
Charitable activities
Almshouses
42,307
42,307
39,187
Other
1,550
Total
43,857
43,857
40,887
Nel gains on investments
2,186
2,186
NET INCOME
Transfers between funds
17.604
13.725
5.356
13.7251
22,960
21,176
Net movement in funds
31,329
18,369)
22,960
21,176
RECONCILIATION OF FUNDS
Total funds brought fotward
24,488
2,166,937
2,191,425
2,170,249
TOTAL FUNDS CARRIED FORWARD
55,817
2,158,568
2,214,385
2,191,425
The notes form parl of these financial slalements
Page S

Croston Almshouses Charity
Balance Sheet
30 June 2025
2025
Total
funds
2024
Total
funds
Unreslricted Endowment
fund
fund
Notes
FIXED ASSETS
Tangible assets
Investments
2,080,145
78,423
2,080,145
78,423
2,080, fj45
86,792
2,158,568
2.158.568
2,166,937
CURRENT ASSETS
Deblots
Cash al bank
,773
55.035
6.773
55,035
1,786
25,102
61,808
61,808
26,888
CREDITORS
Amounts falling due within one year
10
(5,9911
15,9911
{2,400)
NET CURRENT ASSETS
55,817
55,817
24,488
TOTAL ASSETS LESS CURRENT
LIABILITIES
55,817
2,158,568
2,214,385
2,191,425
NET ASSETS
55.817
2.158,568
2,214.385
2,191.425
FUNDS
Unrestricted funds
Er)dowmenl lunds
11
55,817
2,158,568
24,488
2,166,937
TOTAL FUNDS
2 214 485
2 191,425
The financial sl8lements were approved by the Board of Trustees and authorised for issue on 4 February
2026 and were signed on its behalf by..
AC Marslon - Trustee
Page 8
conlinued.,,

Croston Almshouses Charity
Notes to the Flnancial Statements
for the year ended 30 June 2025
GENERAL INFORMATION
The charily is a registered charity in England and Wales and is a Charilable Incorporated
Organisation (CIO). The address of the p¥in¢ipal office is 28 Ealor) Avenue, Matrix Office Park,
Buckshaw Village. Chorley, PR7 7NA.
There are no material uncerlanlies about the charity's abilty to continue.
The presentalional currency of the financial statements is the Pound SteTling 1£).
The amounts in the financial slalemenls have been rounded lo the nearest £1.
The unincorporated Charity (Croslon United Chaiilies - 2366991 merged to become Ihe Charitable
In¢orporated Organisation (Croston Almshouses Charity - 12023871 on 1 January 2024.
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial stalements of the charitable company, which is a public benefit entity under FRS 102,
have been prepared in accordan￿ with the Charities SORP {FRS 1021 'Accounling and Reporting by
Charities. Slalemenl of Recommended Practice applicable to charities preparing their accoun15 in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
102} {effeclive 1 January 20191,, Financial Reporting Standard 1 D2 'The Financial Reporting Standard
applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial slalemenls
have been prepared under the historical cost convention, with the exception of investments which are
included at market value, as modified by the revaluation of ceilain assets.
Income
All income is recognised in the Slatemenl of Financial Activities once the charity has entillemenl to Ihe
funds, il is probable that the income will be recenied and the arnount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or conslruclive obligation
commilling the chaTily lo that expenditure, il 15 probable that a IFansfer of economic benefits will be
required in settlement and the amount of the obligation can be measuied reliably. Expendiluie is
accounted for on an accfuals basis and has been classified under headings that aggregate all cost
related to the category. Where Costs cannot be diieclly allribuled lo particular headings they have
been allocaled lo activities on a basis consistent with the use of resources.
Tanglble fixed assgts
There is no record of the original purchase cost of the tangible fixed assets and the cost of major
expenditure (less grants received} on refurbishing the almshouses since 1 July 1986 has been
capilalised. Tangible fixed ass81s are included al markel value on the basis of vacant possgssion.
No depreciation is provided on the almshouses as il is the Charity's practice to maintain these
buildings to a high standard and accordingly the l¥ustees consider that the lives of these assets are so
long and residual values are such that their depreciation is insignificant.
Taxation
The charity is exempt from COTporation tax on ils charitable activilies.
Fund accountlng
Unrestricted funds can be used in accordance with the charitable objectives at Ihe discretion of th8
Iruslees.
Reslricled funds can only be used loi parlicular Testricled purposes within Ihe objects of the chaiity.
Reslriclions arise when specified by the donor or when funds are raised for paflicular ￿$t11Cted
purposes.
Page 8
continued...

Croston Almshouses Charity
Notes to the Financial Statements - continued
for the year ended 30 June 2025
ACCOUNTING POLICIES - contlnued
Fund aecountlng
Further explanation of the nature and purpose of each fursd is included in the notes to the financial
sl8lemenls.
Financlal Instruments
Financial instruments are recognised when the company becomes party to the conlraclual provisions
ol the in51rumÈnl Basic financial assels, which include debtors, prepayments and bank balances.
are initially measured al transaction price and are subsequently carried al cost unless the
arrangement indicates otherwise and Ihen the asset is measured al the PFesenl value of the future
receipts discounted al a market rale of interest. Basic financial liabilities, which include creditors.
8¢cruals, bank loans and group borrowings, are initially recognised al transaclion price and are
subsequently carried al cost unless the arrangemenl indicates othe￿ise and then the liabilily is
measured al the present value of the future obligations discounted at a market rale of interest.
Investments
There is no record of the original purchase cost of the listed investments or the agricultural land. The
market value of listed investments al 1 July 1991 has been taken as an indication of cost al that date.
Investments are included al market value at the year end, for CommDll Investtnent Fufids being
based on the bid price and for agricultur31 land on the ba515 of vacant P05ses5ion.
INVESTMENT INCOME
2025
2024
Investment as5els
Interest
Grant
3,170
153
3,073
146
1,000
NET INCOMEIIEXPENDITUREI
Net incomel{expendilurel is slated after chargingllcrediling}:
2025
2024
Accountancy
1,680
TRUSTEES. REMUNERATION AND BENEFITS
There were no Iruslees, remuneration or other benefits for the year ended 30 June 2025 nor for the
year ended 30 June 2024.
Trustees. expenses
There we¥e no trustees, expenses paid for the year endecl 30 June 2025 nor for the year ended
30 June 2024.
Page 9
continu￿...

Croston Almshouses Charity
Notes to the Financial Statements - continued
for the year ended 30 June 2025
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
Endowment
fund
Total
funds
INCOME AND ENDOWMENTS FROM
Charitable activitie$
Almshouses
53,304
53,304
Investment income
1,146
3,073
4,219
Total
54.450
3,073
57,523
EXPENDITURE ON
Charitable activities
Almshouses
39.187
39,187
Other
1.700
1,700
Total
40 887
Net gains on investments
4,540
4,540
NET INCOME
Tra175fers between funds
13,563
7,613
3.0731
21,176
Net movement in fund5
16,636
4,540
21,176
RECONCILIATION OF FUNDS
Total funds brought forward
7,852
2,162,397
2,170,249
TOTAL FUNDS CARRIED FORWARD
24,488
2.166,937
2.191,425
TANGIBLE FIXED ASSETS
Freehold
pioperly
COST
Al 1 July 2024 and 30 June 2025
2.080.145
NET BOOK VALUE
AI 30 June 2025
2 080 145
AI 30 June 2024
2.080,145
The almshouses were valued al 30 June 2006 on the basis of vacant possession by Peter E Gilkes &
Company, Chartered Surveyors. Subsequent additions are at cost which the Trustees consider lo be
their market value. The historical cost was £499.247 {2023.' £499,247).
Page 10
continued...

Croston Almshouses Charity
Notes lo the Financial Ststements - continued
for the year ended 30 June 2025
FIXED ASSET INVESTMENTS
2025
2024
Shares
Agri¢ullural Land
66,423
74,792
12.000
78,423
86,792
Additional information as follows..
Unlisted
investments
MARKET VALUE
Al 1 July 2024
Disposals
Revalualior15
74.792
110,463}
2.094
AI 30 June 2025
66,423
NET BOOK VALUE
AI 30 June 2025
66,423
AI 30 June 2024
74.792
There were no investment assets outside the UK.
The historical cost of the listed investments was £63,008 {2024'. £65,752).
Investments (neither listed nor unlisled) were as follows..
2025
2024
Agiicultural Land
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Other debtors
Piepayments and accTued income
4,890
1,786
Page11
conllnued...

Croston Almshouses Charity
Notes to the Financial Statements - contlnued
forthe year ended 30 June 2025
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Other creditors
Accruals and deferred income
4,441
1,550
2.400
2.400
11. MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
beiween
funds
Al 117124
At 3016125
Unrestrlcted funds
General fund
24,488
17,604
13,725
55,817
Endowment funds
Permanent endowment
2,166,937
5,356
113,725)
2,158,568
TOTAL FUNDS
2.191.425
2 214 385
Nel movement in lunds, included in the above are as follows..
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
Unrestricted lunds
General fund
61,461
43,8571
17,604
Endowment funds
Permanent endowment
3,170
2,186
5,356
TOTAL FUNDS
64,631
43,8S71
2,186
22,960
Comparatives for movement In funds
Nel
movement
in funds
Transfers
between
funds
Al 117123
Al 3016124
Unrestricted fund$
General fund
7,852
13,563
3,073
24.488
Endowment funds
Peimanenl endowment
2,162,397
7,613
13,0731
2,166.937
TOTAL FUNDS
2,170,249
21,176
2 191.425
Page 12
continued...

Croston Almshouses Charity
Notes to the Financial Statements - contlnued
forthe year ended 30 June 2025
11.
MOVEMENT IN FUNDS - continued
Comparative nel movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
Unr¢stricted funds
General fund
54,450
{40,8871
13,563
Endowment funds
Permanent endowment
3,073
4,540
7.613
TOTAL FUNDS
40,887)
4,540
A current year 12 months and prior year 12 months combined position is as follows=
Net
movemer)I
in funds
Tfansfeis
between
funds
At 117123
At 3018125
Unrestrictpd funds
General fund
7.852
31.167
16.798
55,817
Endowmentfunds
Permanent endowment
2,162.397
12,969
(16.7981
2,158.568
TOTAL FUNDS
2,170,249
44,136
2.214,423
A current year 12 months arbd prior year 12 months combined nel movement in funds, included in the
above are as follows..
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
Unrestrleted funds
General fund
115,91
184,7441
31,167
Endowment funds
Permanent endowment
6,243
6,726
12,969
TOTAL FUNDS
122.154
84.7441
6,726
44,174
Permanent gndowment fund
The permanent endowment fund is the properly ol the charity (including land, buildings and
inveslmenlsl which the trustees may not spend as if it were income. The permanent endowment
fund must be hÈld permanently and produces an income for the charily.
Page 13
continued...

Croston Almshouses Charity
Notes to the Financial Statements - continued
for the year ended 30 Julie 2025
12.
RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 June 2025 nor year ended 30 June
2024.
Page 14

Croston Almshouses Charity
Detailed Statement of Financial Activities
for the year ended 30 June 2025
2025
2024
INCOME AND ENDOWMENTS
Investment income
Investment assets
Interest
Grant
3,170
153
3,073
146
1,000
3,323
4.219
ChaTilable actlvitTes
Weekly Contributions
53,304
Total incoming resources
64,631
57,523
EXPENDITURE
Charltable actlvllles
Insurance
The Almshouse Association
Maintenance
Improvements
Adminislwalion
Empty property costs
Charitable purposes
Legal fees
Valuation Office
Management fees
1,786
419
29,006
2,354
285
1.695
407
11.830
10.010
214
803
700
13,420
108
575
2.217
5.665
42,307
39,187
Support costs
Flnance
Bank charges
20
Governance costs
Indepèndent examination
Total resources expended
43.857
40.887
Net Fncome before gains and 105ses
20,774
16,636
Realisedlunrealised galnsl105ses
Reali5ed gainslllossesl on fixecl asset
investments
Unrealised gains
92
Net income
22,960
21,176
This page does not form parl of the slalulory financial slatemenls
Page 15