Qhanty RÈ9iStratiOTh Nu. 2DU290
RSH No. AD056
THE MRS. HENRIETTA FRANCE
LE PERSONNE BENBVOLENT TRUST
TRUSTEES, REPORT AND
UNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Le Personne HOMES

THE MRS. HE￿lUE￿A FIi4NCES LE PERSONNE BENEVOLENT TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Board ofTr*stees
Mrs E.M. Web51erlVice Cljaitnwil
Mr. RJ. Rithard
Mr. P. Cannon (Cha￿]1Th)
Mrs. A. CoopEE
Mrs. C. Steer
orri¢trs-
Clerk
Mr5. G.S. Caunt
MAnager (WardrDI'.
Mr5. F. Bri￿¢11
M8iDkDAn¢e M¥DS¥tr'.
Mr. I. w￿￿￿￿d
FillaDce A55i5tant
MYS. J. Foster
Prwcip*lAddress:
LL Pernonne Home5
B3Tthad Road
CatBrtMm
Sulley
CJU 5SW
Cbarity
?00290
RtEuIAtor of So¢iAI H•ll$l￿g r*giStration Dr
A0056
Alm5bovsE A55oriXlioll tso.
M643
Awdittyrs=
iknehard Place Dob50n SeTriGes Limited
1-7 Ststion Road
C￿a￿
West Su￿BK
￿￿10 Iirr
Gull￿￿ 80licitors
16 Mill Strtei
Maidstont
Kent
ME15 6xr
B*nkeT5-
The CTrOp¢Talive BÈnk Plt
80 Cornbill
Londort
EC3V3NJ

THE MRS. HEN￿ETTA FIL4NCES LE PERSONNE BENEVOLENT TRUST
CONTENTS PAGE
PAge
Lcgd and athuni5trativt infornwi¢m
T￿stee%, report
St￿ement of board5, Tesponsibilitie5
Auditors rew>rt
10-12
StBtement of compr¢heD5ive ￿C0]ne Income and R￿p￿dItUre accounti
13
BHiat￿e sheet
14
Statem¢ntof ¢haTVS ifLresErv
15
Statement of ca%h flows
Notes to the accounts
17-23

THE MRS. HENRIEThA FIL4NCES LE PERSONNE BENEVOLENT TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
ThB btsard of Th¢ Mrs. HentiBtta FraA¢es L¢ Per50Dlle Benevolcnt Trust presents tbeAr repon ￿dthe audited fiL¥JJ¢ial giat¢m¢nts of The
T￿r forthe yeaT ended 31 December 20?4.
Struttur¢ Ciovernance aDd Mats*
tm£nt
Sirncrtsre
The Trust is an unincoTporated TrusL consiityted UlldeT a Tru￿ deed datEd 23 September 1941 and 15 are8isiered charity, nlltnber200290.
The Trust eSEablished by the thITd and fifth Codicilg to the of Nfy Louis Amtoine GeoTges Le PersoDn4 proved ott the 9th Oaokr
19i9. of hjs wife, MTS Henri¢lla Frances Le Personnt ￿Ed on the 1st Mwch 1925.
The objects of the Trust. & instwctrd in the NNryll ofthe founder. are the provision of"honKs and chaTities for lh¢ benefit Df old women
folk in reduced 01 poor cir¢umst3nces living in Cat¢Th2m but JnDte particul¥ly ￿ UppeT CaterhaD) and quite exGeptioLally greailv
desetving cases outside ofthe ￿e￿.
The Tn￿l now provide5 ac¢o]JJmoOgtion in sheltered housing, wmprisillg 43 one-bed for needy elderly womcn.
The Tnt31 Deed requires there to b¢ ab03rd of five T￿ste¢S. In January 2022, th¢ Tru5tee& used their powers underthe Chuitie8 Acts to
Dwdifythe Twst Deed to:
. Amend the wa! that Trustees 8PPOmte¢' SD that all five T￿tr¢s (previously four) appointed by the Trust.
Governjrtce
Th¢ Trustee5 serve for four years. after which period they may put themselves forward fo[ Te-appointyr¢nt The induction process for any
newly appointed Trustee comprises an initial meeting with the chaInna￿ followed by g series of ￿eetIngS with the Clerk on ￿ves￿lents,
fill￿ClaI controls, the proc¢ss for granting licenses to reside in the Trust's flats, 3ndthe powers and responsibilities of the Ttusiee board.
The welcome pgck includes a brief h15tory of the Trust, Copies of recent Board Tninuies, acopy of the annual teport and ac￿unts. a copy
of the governing Trust d¢ed and a copy of the Charity Cornmis5ion's 8uidanc¢'The Es5elltitJ Trustee,.
The Trust Deed requiTes aminimum of two Oldin￿ m¢eting5 each yeaTbui tn pwtsce. the Tru5tBes hold six ordmary mBetings each year.
Aminllnum of t￿¥> trustee5 for￿ t quotum for these meetings although, ID practice. the Truste¢3 op¢M¢ on aminimum of thre¢ and fidl
attend￿¢¢ is nonnally achieved. The Chainnan and Vic¢ Chairman ate B]e￿¢d at Ihe fwstrneetillg of ea¢h ye￿. In 2022 t
Trustees decided thai in fvture the position of Chairman would be held for amLNimumperiod of thr¢¢ years befoTe being filled by a
different Trustee.
The Trustees may o¢s￿e to retsin the knowledge and expertiSB of p*%1 truste¢s who are unable, or do noi vn5h. to continue ￿ a trustee. To
thi5 end the Trustee& fromtittie to iDne, appoint such Pa￿ trumees ¥ office￿ of the Tru#, delegated responsibility ￿ th¢ fullest
ext¢nt allowed under the Trnst Deed aDd the Chariry's Act.

THE MRS. HENRJEThA FIi4NCES LE PERSONNE BENEVOLENT TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER2024
The Trustees agree the broad strategy 2nd 2Tea5 of actiN￿ty for the T￿( lljcluding consideration of applications foT residEnce. investtThenL
r¢serv¢5 and risk- mwemeni policies perforn)aAce. The Alrnshou5E AssDciation Standards orAJ￿hOuS¢ Management, is used by the
Trustees &% the Code of G0ven￿￿Ge and thi5 15 accepted by the Regulator of Social Housing as the regulatory guidance for Registered
Providers that 3150 Almshou￿$.
In caTrying out the business of the ChaTlty. th¢ Tn￿1¢¢5 ¢￿Ure ihat they wIl￿1 with the GoVer[￿te znd Financial Viability
ST￿03Tds 85 required by the RSH.
The Trustees ¢wuT¢ that th¢y manage their affairs with ¥m appropiiate de￿e of skill. independence. diligence. efftthvene5s, prudence
and foresigbi.
Budgets are set &Jnually, and finan¢ia] perfomjance relryewed forttLAlly everytwo rnontbs. Th¢ long-ttrn fm•L¢ial viability is also
assessed at least annU￿]Y takJDg 8ccount of possible risk factors.
ManGgem8n
The day lo daymanagement 2nd administraiion of lh¢ Charity is ¢￿￿ed out by the Clerk The Clerk is employed parttirn¢. Supponto the
ttsidents Is pitiTrided by a full ti￿e resident Homes Manager IWaTd¢nl and th¢ preny5eg are maintsirted and developed by the Maintenallc¢
Manager. supponed by proftssional advisors.
The is 8 memberof the A]￿hOuSe A850ciation and registsred with the Regulatorof Socia] Housing as a Rcg2St¢Fed Provsderof
Social Housing. The AIrnshouse Association provides much h¢lpfvl inforniatiorl on good pA¢ti¢e, ￿￿￿se5 in the law affeCtll￿ So¢ig1
Housing Chaniit5 acts as auihoriiative lobbyists on beitsif of me]nb£r5 with the government regulators.
Risk.MaDa
ement
The Trusteeg have ¢ottsidered the majorrisks to wljich the th3Tity is exposed and have reviewed thoseri8ks atsd established syst¢ms and
procedwes to manage those risks.
The T￿SteeS auditthe financi￿ systems 8nd procedures ititemally eachyeaT to ensure that they are appli¢d ¢fft¢tively a ￿11 external
audit of thB TtU5t's fllwicial perfO￿Dzn￿e is Ca￿led out.
Ob'ectives and Activtties
The aims ofthe Trust are to ptowde secure, deGenL affoTdab12. and Gornfortabl¢ ac￿mMOdatiOn in awam and friendly ¢oll]rnunity. which
IS 5uilable forolder women who are able io look after themselves. to provide tbai degtee of 5uppor( sbort of personal care. which ￿1[
enable the￿t0 retain their l￿dEPEndenCe in the￿ hotne
ChBnges in circU￿t￿¢¢5 sinc¢ th¢ Charity wa5 cr¢￿¢0 have resulted in the criteria used to identify potential applicant5 forrtsId￿ce
being inieTrieied 10 ffteei Cu￿ent dav needs through exvallding the immediate catchm¢nt area to nortb T2ndridge. Exceptionally.
accommodation is ￿$0 offered io elderly needy women fromelgewhere. ideally those who have IElatlV¢s ￿)d close friends, resident iL
orth T￿dridge would benefit from the close supwrt of friends and family. Pnonty continu¢5 to be given 10 residents of Catethamou
the Hill.
In setring the objectives and pl￿jnIng the a¢￿￿ties, the Trustees have given caTeful con5ideTation to the Charity Commissiott's genekl
8uidanLY on public benefit.
Achievements and Performance
BttsinessPerforman¢e
The Trust continued to Zchievt its objective of supportillE its RE5id¢ots to miintain ind¢p¢ndent lives, aided necessary by Adult
So¢iaT Care.

THE MRS. HENRIETTA FRANCES LE PERSONNE BENEVOLENT TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
Workh& CDntiny¢d. to maintain the quality ofthe facilities at a high level During the ye￿. the Trustbegan aa PTogTanThe to replace the
existing 8a5 boilets air source heat pumps with the installation of the (he first two heat Pu￿p$ being completed in November.
Resident Con5uliution
The Trustees meet fotmally with the R¢sidents exch ye￿. Th¢ purpose of these me¢riDgs is to hea[ Residents, vic￿￿ on the perforn)ance
Dfthe Trust's staff and io ￿ckthe￿ ideas on how the facllitie5 can be improved. The opportunity 15 rgk¢n to ieview the ¢urreni
development progr8rnme and suggem are85 tor further impTov¢m¢nts Residents receive a personal Copy of the TTU5tee5 Annual Reporr
prioi to lh¢ meeting and are tncour3ged to discuss its contents the Tru￿e¢S. Individual Trns*e5 a]so meet Individu￿ Resid¢nts on aD
8nnua] basis when R¢5id¢nts are Bncouragedio ra￿e ally issues of interest or concem T￿tteS Residents also me¢t ujfonnally
through th¢ year at social events held atthe Homes and elsewhere.
The Hom¢5 Managerholds less fotmai rneeti]tgs on a more frequentbasis, usu8]ly tnonthiy, attd suppl¢ments these with a wc¢kiy soGial
gathering at which any issues can be rais¢d.
AlmshouseAssociario
The TrJ5t is alongstanding nxmbErof tbe AJmshow¢ Association. Tn5t¢es occasionally attend lo¢￿ 8nd national meetings, and
O￿lonallY provide advice and guidanc¢ to other less expericnc¢d A5￿￿￿OU$es.
Regt41tsior oJSocTL71 Houslng
Th¢ Trust is a regisier¢d piovidet withtbe Regu]aloT of Socia] HousiDg aDd has a regulatory obligation to providc a complaillts procedure.
The Trust mustpublish a self￿sess￿Ent of the procedure and this musi b¢ approved by the Trust¢£s gnnually.
The Unm￿1 inlernalaudit ofthe Trnsi sfinanciul ¢yndoFherkeyacitviries waJ &￿r1edO￿talldnOPyObl£ThS sigrtificance FdeniTfied
O¢L*pLyncy
Voids were IT14% in 2023 andur 0.4% in 2024 andare expeciedro relurn lo 2.5% sn 2025.
Residelll&
The tsgeprcfile Dfihe residepjtx at the eThdoy2024 wos asfollows (endol2023 in bracketsj
90 years and 8bove
85to89
80to84
751079
70to74
Be]ow 70
io
The Tnjstees welcomed fourDewtesidents ￿ the Homes duritig 2024.
Healih andsufety
There were no sI￿1ficant incidents during ih¢year.
Jnsuron¢e
The Trnsi comprehensive insurance Covering ih¢ PTem15BS in general for £1 S million as well as specialist insuTan¢e for cquipment such
as lifts. Publi¢ liability insurance is place foT £5 million and Employers Liability insur•Jce for £10 rnillion. Insurance i5 provided for
R¢sidents personal itcm5 in their tiars.

THE MRS. HENRIETTA FIi4NCES LE PERSONNE BENEVOLENT TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER2024
Fucililigs Jnvesrment
The TTUStees havt continued to invest in maintaining and developing the faulities. To achieve v8]u2 formoney. day-tO-d8y Tninor
n]ainten￿¢t is managed using proven local Sm￿] contractois. Lar8¢r work i5 reftyrcd io the Trust'5 Prof¢5$10nal Advisors, who obtsi
muliiple quotations from accredited contractors. with sUPPOrtillg reviews, in order foT the trllste￿ to decide how to proceed. Forllfftjor
PTojecis, the Professional Advisors act & proJectmana8er.
Expenditur¢ on routine and cyclic3] minieJ)ance to the fa¢iiitj¢S itl 2024 totaued £24,831.
Si￿lfie8n1 work ¢omplet¢d dutiDg 2024 included".
.In5t311ation ofthe first two air sour¢¢heat pumps
.Re-Carpeting of ttvo flgts
.B proofing the solaT pattels onthe East Wing roof
.Five year ¢lectrical telling
.EPC rating renew31 for ail flats
Fiti*o¢ial Rewitw
Turnover was highErth￿ I￿[ y¢8r at £474,70312023.. £426,700). The surplus on ordinary activities for th¢ yeat wa% £64,055 wmpated
to a surplus in 2023 of£86.8J7 IbefoT¢ lo%es I gtiins on investments). Al the ¢nd of 2024, the Tnast had outsianding103ns of £l,011.815.
Interest paJTh¢nts and bank Ch￿geS during the year tota]led £71,25812023 £67,455). The Trust's net curr¢nl ¥sets atthe end of the ye3r
were £45,89812023.. Nel cwrellt ￿Sets £13,449). The value of lljvestrnents hdd by the Ttusi increwed to £822812023.. £7.7561.
Ill line the budget approved in janu￿ 2024, the Weekly Mz]nten￿¢e Contribution IWMCI incre￿ed from the b¢gllming of April
2024 by £9.42 per weektD £213.29. Within this. the Housing Ch￿ge w35 set at the'tsg¢t rent" level of £129.i6. The Support Charge
r¢mallRd at £16.40 periveek and lh¢ SeTrice Charge eligible forbenefit paiThents increased by £0.17 to £17.53 perThrEk The Seryic¢
Charge not eligible for benefit r¢ll￿]ned at ￿0.00 per wee
nvestment Poli¢
and Ptrfornblnt
The Trust's as5t15 are held prinmiiy i) the land and bui]dillgs a$￿¢la1ed withthe Charity's primary objective of 5helteT2d hO￿]rtg
provision. The Trustees have overall responsibility foi the invesment of the Charity's tund& and theyT¢tsin dl decisions concernmg
inv¢5trneDts to themselves except forthose concemitig d15posa] of the tharity'5 property, ithich would rBqUit¢prior approvaI froth the
RSH betause of the use of public fvnding in th¢ir rnodernisalion.
The investsnent objeaive5 are to ensure that the TTU8tets have attess io 8uffi¢ient C35hteserves to meet all 2nticipatrd short-tennneeds
and medium-terni Gyclical mailltrnanGe act]￿lties.

THE MRS. HENRIETTA FRANCES LE PERSONNE BENEVOLENT TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER2024
The Trustees wish to establish 8nd [nal￿taIti sources of income. in addition to those avallable fromthe licensing ofth¢ 5hElteied holtsittg
PToperties. where the use of the funcls is not Festhcied by thc rcgul)tions. frorn time to time, relating to Welfare Benefits and related
pa￿ents to Residents.
The TTUStees also to build and maintain SI￿lficant investmeni T¢5erves. to be available for periodic refvrbishrnent and dev¢lopment
ofthe I￿a and buildu]8s, in order io maintain the Trust's long-terni ability 10 meet the chaDgingneeds of fvture sheltrr¢d housing
provi5jO
The policy of the Ttust is 10 tsk¢ alow risk apptoach 10 its ujveslrnellt pottfolto. Short-term operational fvnds are held in current accounts.
Irl orderto minimise lh¢ risk fro￿ ils stock market Inve5t[￿ent8, long-iern ft]nds are held in Accumulation Units ill a Common Investmellt
Fund estgbli5hed undei$24 ofih¢ Chanties A¢1 1993. These forni the Extraordinary Reserve Fund, a deSI￿al¢d fi]nd as Tequ￿ed by the
Trust Deed. Tht Ch￿lty achieves its unen¢vmbered income from the investh]ent held in Incom¢ Units in the same Common Investment
Fund. This is supplemented by the incom¢ from the Government's longterrn Feed in Tariff, result￿E from the Trust's Investll￿t in
photovoltaic solarp￿tI9 in 201 I.
Th¢ Trustees review the wrtfolio of inve5ttnents 2nJJually attd invesllnent perfonnance at each T￿lee ll￿eting.
At the end of 2024 the Trust's Teserves12023 in brack¢tsl were".
Czsh in Batk
£147,044
Inv¢sttlle]Jts
1£118.7381
TOTAL
£155 272
£126_494
Re$erYt$ Polie
Th¢ Trust's planned lev¢ls of rese￿e5 atE.'
for tluciu3tion5 in short iemi ¢XP¢Dditure-approximar¢ly ODe ￿￿￿th.$ expenditure m a cheque a¢¢oLmt
for cyclicfj mairtTrnmce expEndittre- approxirnBfrly one Jnonth's expenditUTe in a cheqiie account
Iiht CMF reserve)
for long ter￿ extraordinary repaits tnd modernisaiion-a tsrget of five yegr5' ¢xpEnditute iti unit Th5ts (the desigttated ERF aDd
Development ieservesl.
In 2008. the Charity Conunission authoriseo the Trust tD use the endownellt fulld foT Lujrestrirfed exp¢nditUTe. The TnTstees have used
tbis lettdownentl fund to improv¢ the facilities iti the Nonh Wing Df thB propery.
Plan5 for the fyture
With the completion ofthe ProJ¢¢l to Tefijrbish th¢ north ￿ryllg tlats, au the Trutt's accoJ2unDdatiOJJ kn been upgraded. The Ttust has
begL￿ tBpla¢itig the e￿ting g8S POS%tttd boil¢rs by aiT source he3tpwnps. in % ph￿ed mann¢T. to eventually move to a ¢￿bOn fr¢¢
he*ing system. It is planned to cornplete this work by the end of 2026. Other works beingplanned for Ibe near futUFe include the
replacement of the footpath pa
g siones ￿ryth $afet, continuous pth surfaces, 8Ld the upgrading ofthe Tesidents aiarni SY￿emS to
eliminat¢ the need for indi
flattelephones.
Approved by the Truste¢5 0
d signed on theirb¢balf by..
trP C*nnoD
Cha￿n8￿ ofthe Tntstees
14laLtrlis

THE MRS. HENRtEnA FIL4NCES LE PERSOI¥NE BENEVOLENT TRUST
STATEhlLNT OF BOARD'S RESPONSIBILITIES
FOR THE YE4R ENDED 31 DECEMBER 2024
Board's Respoll5ibilitiesStsteTh￿t
The Board is rwon5iblE for prepBringtheieportand fi￿¢1a1 5trttDMts in accoidancewith applioblelawAnd iegulatioIJS.
ThÈ Co-operative ¥nd Community Board SoCi￿les A￿2014 2nd regist￿￿ sotial housing le￿51ation require the Board to prepare financial statements for
¢a¢h fitsancial year which giveatrueJDd fa￿ view of th¢ stste of affaws of th¢ trust and ofits In¢omtand &ypndityre ftsr that peri￿.
lrt weparingth¢sE financtal thiemB*ts. the Boaid i5routted to..
seleLt Èuitable accJ)unting wlicies alld then applythem con5tsttntty'
m)ke judEement5 and estsmaiesthat aTe rusonableand wudÈnL
5tatewhether appll¢ableaceouniingthnt￿rts have beBn followed. sUbJe￿t0 w Material departyr&g dise105ed and the fin3n¢ial
prepaTe therinanc￿l gtatemems on thegoingconccrn basis unlcss ir 15 inappropriateto prcsurnE thatthetrLwwII cortthue in busin￿%.
The Bo)rd is rwon5ible for keeping properAccountingTe¢ords which disclD5¢ ￿7th retsonable ac¢urw at any timeth¢ financial position ofthÈ trust and
enable itto ensurethaTth¢ fJrtBncial ￿ate￿￿tr comply with Co-operative and Comunlty. Benefrt So¢ieties Act2014.th¢ Housingand RegBn¢tatsOts Act
2008 and theAccountsn#Dirtttion forprivate rtgisteied providers of s(￿la1 hovsing ITh En￿and 2015. It geThBral re5WD$ibility fortaking reasonable
sty to safEguardthe ￿gets of thets￿¢ tr>prevenl and deteet frd￿ and trtI￿r llreguJariiic5.

THE MRS. HENRIETTA F114NCES LE PERSONNE BENEVOLENT TRUST
INDEPENDENT AUDITORS REPORT
FOK'IHE YEAR ENDED 31 DECEMBER Z024
Opinio
We auditÈJ the financial statBnthts of The Mrs. Hetiri¢tta Frdnce5 Le Pets¢me Btnevolent TrE¥St Iiht 'regist¢T¢d social housirtg
PTov¢der'l for the ytrdr ended 31 DeCe￿bE￿ 2024. which Comptist th¢ Stat¢￿ellt of ComprehEnsive Illcojlle 1￿Cludin8 Irtcome and
Expenditure accounll. the Balance Sh¢eL the Statement of Changes ID tc5¢￿. the Casb Flow Stai¢mefji aDd llLrtes to the FJwi¢i&l
slatemthts. inclllding a summary of ST￿1fiCant artounting poli¢i%. The finantial reporting frarnework that b¢en applied in their
prepar&ljoD is applicabl¢ law and Ullited KinBdDm A¢touniing SiaTJdards. illGluding Fin2LciAI Reporting StsDdaTd 102 The Financial
Reporting Standard appli¢abl¢ in th¢ UK and Repjblic of Ireland Iullifrd KinÈdotll Generally A¢¢cpT¢d AcCoUntingPra￿1Cel.
b) our OPiDiOll the fJnan¢ial statejllents..
give a tru¢ aJd fair view of tbe state of the regilleftd so¢ial provsder's affgTf$ 35 at 31 Detemlxr 2024 and of its incom¢ an
xpenditure ftsr the year th¢n ¢rsded:
have been prop¢rly prepared in ac¢ordanceMTrth United kingdom GenerallyA¢cepied Ac¢ountingPraEtic¢: and
h•ve been prepatcd in ac¢0rdanc?N￿th the r¢qyiT¢mellts oftbe C4)-operative and Communily Societies A¢1 2014. lh¢ Hou5illS
RegeDeration Aa 2008 the A¢countsn8 Dirtttion forprivateregisteted prob1d¢￿ ofsoGial hou5ins ill bogl￿d 2022.
Ba515 for opiLion
Wt ¢ottdw¢d our oudil in ace4)rd8nce with Illlcll￿tion91 Standards on Audiiing IISAS IUKII )nd applicable law. Our rcsponsibllitLes
w)der thosc Stand￿05 Are fijrther deScri￿d in the AuditOT'S re$ponsibsliDes fo[ thr audii ofthe fjnallcid statement8 8ectiorL of oui rq)ort. W¢
ar¢ independent of tht 45s0C￿lOn in aGcDTdaTh¢e the eihi¢al requirements that art r¢levant to ollr audit of the fill￿¢]81 statements in the
UL inClud￿g the FRC'S F.thical StandaT4 and w¢ bave fvlfilled our (Ah￿ ¢thica] responsibilities in aecordance with th¢5c rt4uirements.
W¢ bclscve tha1 the audit evidethc¢ wrbav¢ obtainBd is $yfficierLt aad appropri&ic to provide ab&sis for ow tsPiLiOn.
Colltlllslons r¢iAtin¥ to going Concern
In audstirtB the fllJan¢ial siateDJents. we have ¢OAcluckd that the trusk¢8' of the goiD8 concern basis of a¢countillg in the preparation of
the finallrsal statements is appTOPTialC.
Based on the work we have ￿rf0rnl¢d. we have not iderltified any mai¢ri*l un¢trtainties relatatig to evenis or Gondittolls tbat, ￿dividually or
¢oliectively, may cast sigDificaDt tbubt on the trusvs ability fo continue as a SO￿ con¢ern for B periDd tsf at lewr twdv¢ froTh wlken
the financial Stat￿nents 3T¢ authoTised issue.
tesponsibiiities and thtrtspoosibflities of tbetrusw wuthrespEct to goAnÈ concern are described in the i¢l¢V4￿t SBCtioDs ofthis rtport
OtILpr iuform*tlon
The board is r¢syoDsible for the other infi>nKMtion. The oth¢r inforDMtIOll ¢Dmpriges the lljfomiation in¢lud¢d in tbe annual report, oiber th
the f￿￿￿¢￿al #at¢neDts aJJd our auditor's report thueoD. Out opiniorL on the Sttancial SLqi¢m¢llts noi cover the other ￿forMatiOn and
we do not exprBSS ¥thy forn of I￿￿TanCe ¢onclvsion thcreoll.
In ¢onn¢aign WiEb oui audit Df the fuJan¢ial sw¢meDt& our responsibillry is kn read the othcT infonnatitsn in doing Èo, ¢onsid¢r whether
the other information 1$ materially inconsistr￿1 Ivith the finimcid sta*ments or our knowledg¢ obtsmed in the audit or oth¢rwis¢ appe￿S to
IK matrrxauy mis5taied. If WE id¢ntify suGh m?tenal incoDsisten¢ics or apparent ￿3t¢[l￿ misstatements. we are ￿quir¢d lo d¢t¢rmine
wbethei theity 59 a material rnisstai¢m¢m ID the fillaDcibl state0￿lS or a misstatement of thtr other itifomiatioll. If. based on IhB
rhave perfoT]ntd. we concludB that is a m&lerial MI￿1a[¢￿¢nt of thLS olheT l￿fon￿at1On. we are requiredto reporrthat fact.
W¢ hav? ￿0th1D$tO report in tbis regard.
io

THE MRS. HENRIE￿A FRANCES LE PERSONNE BENEVOLENT TRUST
INDEPENDENT AUDITORS REPORT
FOR THE Y&4R ENDED 31 DECEMBER 2024
M&ttErs 00 wbich WE r¢gllired to report by exceptiolh
We have nothing to TCPOrt tn respect of th¢ following ]natters where the C¢H>perative and Commvftty Benefit Soci¢tyes Act 2014 requiT¢5 US
to report to you if. in OUT opinion..
the fE8iSteted social housitig provider ttot kept propeT of accoullt, attd not maintailled a 53tisfsctory system of con
over it5 transaciions, in ac¢ord8nce wth the rtquireme]Jts ofthe l¢gislation: or
the iewitse accouDt. any other a¢GOUnts io Th￿]ch our report rBlate> a))d the balattce sh¢et are ]Jot in agre¢merLI witb th
association's EKoks of aG¢ount.' or
we hav¢ not obtalljed all th¢ iDfonnation aod &xplanatiOllS neC￿53ry foFth¢ pwpo8es of our audit.
Re5POn5ibilities of the botyrd
As explained Tnore full! in the board's Tespon*bilities statement s¢t out i)n pagt 8. the board is respo￿]ble for the wep8ration of th¢
fin￿¢1#1 Statements and for being satisfied that they siv¢ 2 true and fair vi¢w. aDd foT such interna] Gontrol xs the board d¢tern)ine is
Decessary to ¢Lable the preparation of fi]Jall¢iaJ statements tbai ar¢ free from Jllaieri21 M￿Statemenl wh¢ther due tD fraud or ern)r.
In prtparin8 the finaDcial statements. Iht both is Fesponsible for asses$ing lh¢ registered 80¢iJ housing pro￿lder'S ability to Continue as &
going concern, disc105ing, ￿ applicable. matters r¢la*ed to going ¢one*rn and using the going conc¢yn b￿lS of accounting unless the board
either itttend5 to liquidate the a%sociaijoA orto Gease operations. 01 have J)0 re￿i5tIC altemative butto do so.
Allditor'5 respottsibilitie5 for Ibt A￿dit of tht fillaDtig15tate]llEDt$
OUT Objectiv￿ Rre to Dbiain reasonable assurance about Nth¢ther the financial statements a5 a whole are free from mAtersal rnisSw￿enl
wbether due to fralld or ￿￿0[, and to issue an auditor's report that includes OUF opinion. Reasonable assurance is a higb level of assuraDce bui
is Dot a guatattite that an audit Conducted in a¢cordBDce with Iskn ILWI will always detect a Materi￿ Jwsstatem¢nt wben it exists.
Misstawments can arise from fraud or error and art ¢on5idered materia] if. llJdiI￿dua1lY or in the awtgai¢. they could reasonably be
exFcted to influence the economic deG15iOnS of Users t3ken on th¢ basis of th￿¢ finjncial statements.
The ext¢ht to which th¢ a￿dE1 is coll$id¢ttd egpable Df dttecting irreguliritits. includiTJg fraud
Irregularities. indudmB fraud. ar¢ inst2ntts of non-compliance with laws and regulations. The objeGtive$ of our audit 3Te to obtain sufficient
appropriate alldrt eviden¢e regardiDs ¢omp112nce with laws 8nd regulatlODS that hRve a direct ¢ffe¢t on the detBtIllination of niatetiaj 8mourLts
disclosures in the fin￿e12] stalemtnis. to perfortn audtl PTOGedures to help identify Inst¥￿¢￿ of non-c4>mplian¢¢ otheT laws
regulatlODS that may have a maien2] effect on the financial siat¢meDts. and to respond appropti&t¢ly to identified or suspected rLOn-
compliance witb laws and regulatioLS id¢Dtified during the audiE.
Ill relarion to fraud. th¢ objectives of ow audit aTe 10 iclentifv alld assess Ihe risk of ￿￿terial misstalerneDt of the fuJ2ncial st31t￿ents due to
fraud, 10 obtsm sufficient appropriate audit eviderlce regarding the assessed Ti$￿ of rnalerial miss121ements due to fraud through de5iglling
and implem¢nting aPPTOPriat¢ r¢5ponses and to respond appropriately to fraud or suspected fraud id¢niified during the audit.
However it is the primary r¢spotssibi]ity of maDaBemerLL witb the ovcrsigbt of those ¢h2fBed governattc¢, to ¢nSUTe thai the entity'5
opeT#tion$ are colldudvd itt acc4>rdallce withthe provisions of IBWS aDd regulatiotss a￿d for the PTevetttion ond detEdiop of fraud.
IL id¢ntifyiDg aDd assessirlg the ris￿ of material mi95tatement iespt¢t of ￿￿e￿ilantIeS. ine]udiDg fra17￿ the audit enga8¢m¢tsi made
enquiries of manasemtnl 8nd those ¢har8ed gDVtrn8nGe. re8aTding the procedures r¢lating to Identify￿n& evaluating and complying
l.laws regulations and whetheT they were aware ofany Instanc￿ ofnon-rA)rnplianc¢'.
2.detecting and responding to the risks of fralld 2nd wheth¢r they have knowledge of any actual. suspected or alleged fr4ud..
3.the lljlernal Controls established 10 DiitiBatB iiskn related to fraud or non-GOtDpliats¢e laws alld regu13tions'
li

THE MRS. HKNRIETTA FILINCES LE PERSONNE BENEVoLE￿r TRUST
INDEPENDENT AUDITORS RIPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
Ag a Tesult ofthese PTocedures we consider the ]nost sisllifi¢atsi laws and regulatioD8 that have a dir¢¢t impact on the fillanGial st)t¢mtThts are
FRS 102, Co.Dperntives and Communiry B¢Th¢fit Societies Acl 2014, Hoiising aDd Regeneration Ath 2CK)8. IJK and eJJ]ployJlleDI regul#tiort
We perfoTmed a￿dit pror£dureg to dekct non-compliance. which may have a material impact on thc statthnents. These included
r¢viC￿￿£ fu]an¢ial ststement diSclosu￿S and rvaluating advice received from txternal 8dvis￿. ThBle Ivete Iits signtr￿c3￿ laws and
tegu]8lions we deemed as having an indirect impact the fin￿Cial staternents.
Th¢ Judit engbgerllent team id¢tttified th¢ n8k gf ]na￿ag￿￿ettl override of controls ag tbt 9tta wh¢r¢ the finaDCtal statements ware mogt
SUSGeptible to m8i¢ri31 misstaterneni dut kn frauiL Alldit prottdwes Jwfottlled included but not lllniied to testmg ma￿ual jDumal
¢ntn¢s alld other adjugtments atLd evaluatins th¢ bu$io¢ss rationale in relation ts my sigDifjcallL UBUSu￿ trallsa¢tions F￿a traDsactioJs
tnt¢red Into outside of the norn)al ¢ourse ofbusine55.
Income reCOg￿ltI0￿ was *]$0 identified a sigtiificant risL whith could lead to a LXat¢rial mis-staternent due to fraud or error. Audit
proctdures p¢rfornied included biit were nDt lllnited to P¢TftPTffling walk thTough iesis to identify the control pT0Gedi￿£s ￿ pla¢¢ ancl once an
understanding of Ihc inco]YJ¢ process was gained 2n an3]ytiGal test wa5 ¢)￿1Cd out comparing the estimaicd in¢om¢ l¢ve]s to what was
rettived sn the year. Cut off t¢sting was a]so perfornied 10 ¢D$￿re was Tecordtyd in tht correct period.
A further destriptlOL of our Ta8ponsibililies for the HudTr of tbe financial statements 15 IDCAted on the Finathcial R¢porring Council's website
at.. www.fr¢,or&uWauditotsresponsibilities. Thi5 description forn5 part of our auditor's report
This report is mad¢ solely lo the board of tr￿Slee& as a body, in acEord¥n¢¢ with sectton 87 of the Ctropuativ¢ and CornDwnity BBnefit
Societies AGI 2014. Our audit work has be￿ und¢rr2ken so that we might state to the board of trETsiee$' Ihos¢ njatters we are iequired to
srate to in aD avditor's report and for othri purws¢. To the fvllest ÈxttKt perniitted by l&w, w¢ do accept or assume
re￿0D5]bilitY to ￿yOnE oth￿ the registE￿d social housiDg provider 2nd tbe board of trust¢¢s as a b￿y. for oui audit woik for thig
r¢pon or for thc opinions we have fonDed.
D*rr¢Yt HardingAC& FCC& DC￿&
Senior StAtutory A￿ditOr
Richard Pla¢¢ Dobson Servi¢e5 Lijniled
Statutory AuditDTS
Ch¥rt£rÈd A¢countants
1.7 Ststitsn Ro&0
Crawley
West Siiss¢x
RHID IHT
12

THE MRS. HENRJEfTA FK4NCES LE PERSONNE BENEVOLENT TRUST
STATEMENT OF COMPR£HENSIVE INCOME
(INCLUDING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 DECELVIBER 2024
2024
2023
Note
Turnover
Housing inco]nE
474.703
426,700
Operating expenditure
{340.432)
1272,5441
134.271
154.156
Operating surplu$
Ineomt from fix¢d asset investments
145
136
Gtant income
InteTest receivable
897
Interest P2Ydble and 5i]nilar charges
(71.258)
(67.4551
Gain&llLossesl on investments
472
319
Total c(kmprehen5ive incom¢ for tht year
64527
87,156
On behalf of the Board..
on. Chaiman
E. Web
141aLtr lis
Th¢ notes on page5 16 to 23 forn) part of these accounts
13

THÉ MRS. HENRIEThA FRANCES LE PERSONNE BENEVOLENT TRusr
BALANCE SHEET
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
NotB
ed Asstts
Ta￿&￿ble￿58ets
3,S64,674
3.554.107
Invest￿ntS
8228
7.756
3,m,901
3561.863
Currttst•wets
Debtor5
36,099
147,044
28,135
11&738
Coshatbankand iTrh￿d
173,143
l46.873
Crtdit¢r5 due witkin
1127245)
1133.4241
Netcyrrent b55Ets
13,449
Total 855¢ts Itss curre1ltliab5ut￿
3,618,799
19O5.7591
3.575,31?
1926.8001
CrtditOTS.' ara0￿￿￿ts fAUiDgdue afteT nLore th8n oneyE*r
io
Totst D¢tg5sets
2,713.040
2.648,51?
ResErvtS:
eorne4nd eX￿ndItutEl￿trVc
1530,379
4J74
933
1,467.OB3
3.902
RtvaluAtioDRsEive
Re%tiictedresEfve
1.177J54
1.177.354
Totgl Ae5ervEg
2.713,041
2.648,512
lÉt..(.o¥.l..Is
Ihe finantial stdtewrtnts bppnved Èfftd iuth)ri5ed fDriSSue bytheBo3rd Dn....
Siwd behJifDftht twd..
E. Web
C Steer
ThBnDtsSOn pages 16 1023 fonrtp3rtofih¢5eaccDunts.
14

THE MRS. HENRIETTA FRANCES LE PERSONNE BENEVOLENT TRUST
STATEhlENf OF CIL4NGES IN RESKRVFS
FOR THE YEAR ENDLD 31 DECEMBER 2024
InCorne￿
¢yendiwre
reSe￿E
R¢v￿llatio
Teserv¢
Restricted
reserve
D¢￿gnal¢d
IeseFve
Total
AiQl.01.23
iJYO,03J
94.524
389
I,ITI¥4
Sutplu51ldÈficitl foFtheyeJr
RevAI￿ation of fixed asset investrnents
86037
319
319
Totsl comprebewiV¢ ine•me
94,524
319
17.4711
87,156
TrAnsferg
7.471
1.177JS4
Ai31.12.23 and Dl.fr1.24
E,467.084
3,902
17J
2,6W13
Swplwl Ideficiti fortheyehr
88,127
759
R¢vAl￿ti￿ of fixed asset Tnv£smifflts
472
412
T•talcompTehellsivt itycome
88.127
472
7S9
P4,8311
0￿27
TEansfets
44.831
A131.1124
1,5MJ8D
£J74
932
I.ITJ54
1,713.IMO
Th¢Dotrs OAFWS 17 to2) fomiprtof these oc£Gunts
15

THE MRS. HENRI￿￿A FRANCES LE PERSONNE BENEVOLENT TRVST
STATZMENT OF CASH FLOWS
FOR THE I'EAR ENDED 31 DECEMBKk2D24
2024
2023
Note
Casb now from oper*tlng #thvities
165263
184.135
In￿rest
(71,258)
Netush fro]lll{u￿d iu) operAtitsgA(tivityes
94105
Casb flows fTDfil ittve5titg*¢tivlti
Pavments to acqui[etrn￿b1¢ fL¥ed2SSets
from disposingofinvtststtents
Dividenth & interest re£eived
1432911
J.042
et rAsb frymllusEd illl illvestill¥xliVtties
(42,2491
184.4241
Awvisirionofnewloa
Repa)ill¢nt oflongtermloJDs
123.451}
141,3831
NEtcasb rrDJlll(Us￿ iti fJtsAn¢thg aCrriVjtieS
123,451)
Ndi&¢ry9sel(detrpJsel tyuiYA]tniJ
28J05
19.127)
C&%h ahd e4sh equivAlentsat Dl.01.2024
11&738
127.865
C95h gnd fash eq￿Ly￿1e￿ts at31.122D24
147.043
Thtnotes OAP1￿ 17ts23 fonnw ofthese ocu)unts
16

THE MRS. HEliRiErfA FK4NCES LE PERSONNE BENEVOLENfTRVST
NOTES TO THE FINANCIALsfATEMEKrs
FOR THE YEAR ENDED 31 DEeEMMER 2024
SummaryofsigDifirallt attOurttiDg pollcits
GeDeral ￿t￿r￿￿ti0]I Ajbd hsi5 of prepgrntio
The registered provideT i5 set up uttder a wryll and S(hew￿ rules and 1$ te￿￿tered Mth the Charities Commission a5 an unl￿OTp￿rttÈd chÈrity and
ryth the RSH a5 a REP5tsred gocial IAndlord. The nhture tyf the tntity'5 operdtions and Pri￿1paI acttsrytie5 Y￿e to provide sheltettd housing for t
btntfil of elderly needy W￿1r￿n in North TAndridÉ< Surrey. Th¢priwiple tradingaddtess is set Out on pa￿_
The entity Constitutes a public benefiteDtity as defined by FRS 102.
The financial ststements have been prepJTgJ in accoTdancÈ appltcable accounting srandatd5 including Fits*￿111 Repottin$ Standard 102 The
FinAnciAI ReponinE Standard Applieablt I￿ the UK and Republic of Ir¢I￿d (FRS 1021. the Staterneni ofRecomrnended PractiBB forsocial Htrusing
Provide￿ 2014. and wilh theAccouThiing Direwon for pnvatÈ iegistgre& providets of 5wial housing in 2015. Tht fithdrtcial staiements are
8150 prepared under the r¢quirem2nts of the Htrusing and Regenernrion Acr 2008. The accounts have also been prepared ynder th2 StstÈmÈnt ol
RecoTnmended Pracnce for Charitte5 ?015. The ffTW¢I￿ 5tatemt*ts have beeTh prepared on a gDtnB toncern b￿15 under the histollcal cost
onvBnhgll. ￿￿dIfIed to i￿lude fixed asxt inYeStsnÈrtts * fAir Val￿ The f￿an￿la1 Slaternents arE PtepAred fft 3terlin& W￿ch is the fundioDz]
c￿￿￿Trcy ofthe entity and rDundpd to the neaTestL
The Significant accounting polici¢5 applipd In the prepaTation L¥fthe5e financklll StateM￿ts 21t SEt out below. Thcse policies have been wn515tently
Appli￿ io ￿1 yPaT5 PTesented urtless othernryse ￿￿trd.
12 Tallgibk fixed assc15
Tan￿b]e fixed tsstts (including social housing propetbesl Ayt ststed ar cost less ac¢umulated depreBiatsDn and aCeumulAted irnpairnJeni Icw¢5.
Cost includes co￿5 direcdv attribthable to makin£ the asset ¢apabl¢ ol optrdling as itttended such the cost of acquiring land artd buildings.
deVelOp￿ents costs. Intttest ch8rges on loAns duringthe dBvÈlopmertt period and e￿endIture on irnprDYernents Exptnditute on impn)vement5 ￿711
othly be capit&li5ed whell it Te5ults in incremental futwe benefits such p5 InrtEasing refttsi incomt. red￿1Th& rnaintenance costs or tesuibng In A
5ignificznl extension ofthe useful XDnornic life offhE PTOPÈrty
Depreciatton L8 ptywded on all tsngible fixed a55W. at Trtes CÈleU￿ted to off ihc COSL le55 ¢sumthd residuÈI YA]u< of each asset on
systrmatic basi5 overits expethd ￿tfi]I lrfeLs follo￿..
]And
Nodepwiationchatged
Housill8 properri¢5. fab
1.33tyh straighi lin¢
HtyUSi￿s prnperties. roof
2% strAight line
HTru5lllE propcrhes. ￿ryr￿0￿5
3.33% strtight lint
Lift515Q￿P&￿e
4% straiEhtline
Boile[5
5'A 5tsai8hr 5ID¢
Fi¥tures and rrt¢ings
ID% straight line
A5 the vlaue Dfthe properties arehigherthatthB fD5t IEyJtstimated ttsidudl value. nodepreKiarion is ¢UTrendy bping thargedABainst tht
housing properties.
Majore(miponen15 ofhousin8 propeTtie5. such as Iitts. solar panels and boileT5. hove beED ￿Counted foTÈ])d depyeci2ted 5epardtely from the
conne¢tyJ housing properry. OVETtheirLxpe¢ted useful econornic lives. Thpu5eful eeottomic lives of811 I￿￿ble fixed assets arpTwewed
annualIv.￿l fi￿￿t￿Te Ènd equipment C￿l￿g£1.000 ormote is ¢*PitsliRtd.
IJ Irnp3inETrt
AII PTopetheg att considcTed for iMp￿T￿¢￿t annually and d￿￿led resryews of assets foT iTllpwTment aTE cÈrried Out if there 13 an indicaiion ih
nLeM ho5 OCCUtred or ifthey 2fe not being depreci*Ed. Jmpaitmpnts tknt atE ￿ a result of a rts&jor reduction in the service potPPDal Df a
properry ate reco￿lsed In the irtcome Bnd expendinwe account. Impaimnts that refltct general chaD8es In price are. whetB rhB prO￿ty 15 shos
at avalu3rion. recO￿lSed itt theststemeni Oft0t￿ WrnPTBhenivè inctsme.
IA lttvestmcnts
knvestments are reCo￿lS￿j initsAlly At fatr Yatut which IS Dormally th2 t￿nsactiOn pyice iKcludin8 I￿￿sa¢￿0￿ costs. Subwupntly. they art
mwured Ji hiTv&lupthroiiEh the staterneni of cornpreh¢n5ivp ￿￿oI[le iftbe sbdTts ￿e publicly trdded ortheir￿T volll¢ othÈtwi$e be mea%wed
liably. Other Investments are measured * rtyst Itss wainnellt.
1.5 Debtsrs Erodit•tg teceiv*blel payjble witbiD one yur
Debfft and cttdittrrs wilh no stuied interestTatezndTeCeiYAble orpayable within QDeyearare TeEDrd2d at trangaction priCL Any1055es from
￿mp￿rment are recopjised InthE 5tatrii)Èrtt ofcomprthensisr inwme inoth¢iathiniitrntivt L%ptnses.
1.6 LOA￿$ and boTTOWiDg5
Loan5 and borro￿l￿g5 are inibally reco8nised atthe tran￿tiOn pnc¢ includingtJ>nsactiDtt costs.
17

THB MRS. HENRIETTA FBANCES LE PERSOIYNE BEN£VOLENfTRVST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YLIR KNDED 31 DTCEMTrXR2024
1.7 Provisto
Provisions ure lec0￿l￿ed whtn Lk Petsonrte has ats obligation atthÈ baja￿e thept dare as a result ora past even¢ it is probable that aD wfflowof
onorniE benefits Mll ￿ requiTeJ in settlem￿$ and theamount can be kliably tltirnated.
Provisions for works io eyistin8 srock art not JJdde unless thty reprESetst conllnitnpnts or obligarion5 ai 1b¢ Balance Shtei ddtr where there is no
diS¢retiontO avoid ordelay th¢ ¢xpendinJr
.B JxA5e5
Remals paythle and recÈivAblt ￿tT0pen￿ngleaSeS rh3rKpd to the thtenKM of comprehenmvt incomt Dn a gtraight line b￿i5 over the peri
ofihe lease.
As a TÈ￿￿¢￿1 rharity rhp entity 15 eATmw from corporation tax on all surpluses it make& The aCti￿tie1 of the enttty aTe exempt from VAT.
Thereforeexpendttureand income art Ero4.
1.10 Tllrn¢)v*ra]￿ other1￿COm¢
Tu[￿Ver Is me4sured at the fair Ydlue of the corLsidEJllrion received or rtteivÈbl& The policieg adopt¢d for the recosnitiDn of turnover are
follo￿5..
Tumoverrepresents m￿ntÈnance¢0nknb￿tions?Trd 52rvirc¢hwB? incDrne receivable in thtyeaT.
Soci￿ Housing Grants &Te recei￿0 respe￿ of the Tegifftred SLKi&I hDUSill8 pyovider's pro¥*ty and are recognised * the fair v￿ve of the asset
receiv¢d or rectiwdblt. These gtants Ere accDunted for using the ac¢ru31s model. The difference between the fair Yalue of the ￿Set and the
con51deralioTh Is recognised a5 a liability and &mottised overthe ￿*ful Èconomic life ofthEa5set. Th15 arnQrtisation is reco8ni%tiJ within iumtrver
WhBredi5wsal ofgovernrnenrdonated assets arereqwred ttsbe te¢>¢ied. a liability is included to recoBDis¢ this obligaiiorL
Governmen¢ sran15 received as a conrribuiion to reVtTh￿e expenditute Ère rÈttsElll5ed Tll thE stalETwni of comprehensiv¢ income on A Syltsrnati
ba525 over the period in which rhe landlord reKognises the rel&trd costs for which the 15 IntpndEd to compEnsatB. The related &¥peThdiiure is
included under administrative expenses. Grnits art recognised Tn the 5WnB PBnod a5 the relatrd expenditure prnmded Ihe conditions foT ￿￿elpt
havEbeEn sattsfied and ther 15 re￿Onable assurdncefh* ihe ￿11 be rectived
1.12 Emp]oytt b¢nttits
When employees have rend￿￿ serbice to ]k Personne. shoft-frrm employee bÈnEfits to which the ynployee5 are entitled are recwised at the
undisctsuntsé aMoUnt&￿e¢t2d to be p￿d In ¢￿ha￿Se forthat s¢Thry¢e.
1JÈentity typ¥htr5 adefined ¢ontribvtioD plan foTlhe bentfft of its employee5. Contributions eKpEnsed bxome pAyAble.
1.13 Rf8trKtdlElldowmtnt Rutry
ResthctÈdlEndow7nÈnt rÈWvÈi are thts￿ TBServes which arp only &wdable in accordance ￿th the Mry$h¢s of the fijnder or regulatory body
Resm¢ted re8erves include fLw￿sral5£d respon5eto aspeeific appeaL ElldthvmBnt Th￿￿3Fepr￿Cntth0s¢ ￿et5 which must beheld pen1￿￿￿￿tlY
1.14 Acc￿M￿lIted fu#ds
Designattd reserveg aTÈ PÈrt Df untestncted resEtves whiEhhav¢ beBn e¥rmark￿j by the Board foraparr1c￿ÈrPufp0$e. itttluding ￿￿￿￿TeqUIred ro
be held underthe rnwdeed. Such d¢￿S￿2¢10ns may be reversed by future Board deci￿011%
The Cyclical MAitttenartce Futsd {CMFI reprt8ÈntS aintsunts SEtasidetO Tneptexpenditure ofacyGlirnl nature. Thelevtl r>f reser4QS maintAinpd
11 reflpctthB level of annual exTrenditureto rneeta seveD yeardecoratinE cycle. tenvearsoft furnishings rtplacernent Gy¢le. plus an amount
meet anti¢ipAtÈd ¢05tof5l￿1fica￿t repBitsTothe fabric ofthe buildiny. Overall. rills would equateio onemonthof inctsmE. Co5ts3TB
a[g￿j tothe state￿￿￿1 ofcomptehBn5ive income intheyearin wknch they are IncLLtsÈd.

THE MRS. HENRIRThA FRANCES LE PERSONNE BKNEVOLENTTRuvr
NOTES TO THE FINANCLIL STATEMEM5
FOR THE YEAR ENDED 31 DECEMBER2024
1.15 G4)iDg cotsctrn
The board have prepu¢d the aceounts On & going concern kni5 aDd to]Js&dtrthe RSHP to be a going co￿¢[n foTthe T0￿S￿bie future. Budgpts
bave beBn prepartd for a of ai least S yea
1.16 KeyJudg¢JneDtsaj￿ criti￿lAce&￿Tr¢ID8 15titTrlltes
The main iudgÈTtLtni And Accountins esttm8t¢ includtd tn the ￿cOUnts is the e5bnut2d residu￿ ofihe freehold buTldin& Wo depttttiatioft is
cbarged on frtthold prO￿ty Trn the basis thAi tbe ￿lm*¢d rpsidual value is in excess ofcoll. The Man￿¢T￿entb9th get athird party Vllluarion of
the property every 5 yea[&
Nurnbtrof
NNmbeT of UDits
a131.11.Z3
31.12.24
Completed units..
Hou5iRg foroidEfpEople
Hou5lllE used by ststr
45
43
gurylus on Trrdijkpry adivitÈ$
Surplu5 ¢rdin8ry activities is sated after¢h?wngllereditingl
2024
2023
Auditofs rtmunerdiion linclvding &XPÈnses atsd bentfJt5 in kindl foraudit 5¢r4rytÈs
Auditofs remuner6DoH lincludins ÈxpÈnSts and benefit5 kindl fornyn￿udit ser44ees
Dtpreciation oftethgiblB fixedassEIs
IGainslQosses on far value nwvempnt ofinvegttLents
7.500
7.000
32,704
472
28.755
BL¥prd key Ma]￿¥t￿￿e￿I per5LbThnel retnunerAtioD
ThetDtal rEmunEratiOA for key manasemEnt PEts0D￿lAlIIOullted to £86.744 (2023- £72.7481
Ew]oyees
Nvmber ofemployees
The av¢rage monthL¥ numbertsf￿thp1DYtts duringihi5 yearw35".
2024
Number
?0?3
Nurnber
AverdgE nujnberofstaff involved in to dAy nuJnin8 ofbome..
Employees
officers
ploymtnt costs
2024
?023
WaBÈs and 8ularies
93264
78,368
Social stcurity
PerLsiofLcvnrribution5
32OS
1.994
8.116
8.345
10{$85
88.707
Thetewtrtno employeeswh05 2moluments*ttt£60.000 ormoTB.
19

THE MR& HENRirrrA FIL4NCES LE PERSONNE BENEVOLENTTRUST
NOTES TO THE NNANeL4LsfATEMINTS
OR THE YEAR ENDED 31 DECEMBER 2ff14
Tallgibk fixed
Hou51n
Propemits for
l¢thng
PL7ni and
machintry
Ftxtfft5 and fittines
Total
Coarorvalll31ioJk'.
AtOI.01.24
3.3?5.553
4,048347
39J91
Additions
39.691
Ai31.I*24
3J2SS53
395,183
367202
4,()57.938
DepretL*tiots:
Atol 01.24
276,563
12.367
217.597
20.337
494160
32,704
cha￿furthe year
At31.1*24
28&93(
237,934
S26,864
Nei br￿k￿lI￿¢..
At31.12.24
3J2S,555
106,2
129.268
3.%61,074
3.554.087
At31.1?.23
3.3ti5.553
Th2 net bDokvpJue ofJArnd bullthngs compris￿..
2024
2023
a andbuildin8S'.
Freehold
4.048247
3.963.687
[j)ngle￿chold
Short le￿OId
4048247
3.963.687
Socigl housingpropertleswth an* book valueof £4.048247120?3.. £3.963.6871 have been pledged a5 secullty forli)bilikne5. These &8seES ￿ve
sttiG7ed tide.
¢d iTLVt*meThr
Tolal
CostofvaluAIIo
Al 51am date 2024
7.756
7,756
Revalu*ion
AterO dat¢ 2024
472
472
8J28
S.228
At end daie?OJ?
At end datE ?0?3
8228
7.756
8.228
7.756
k5stori¢*l jJbvesth￿ll*' .
At31 D￿ember2024
AI 31 DEcembtt2023
3J55
3.g55
zo

THE MRS. HENIUETTA FJL4NCES LE PERSONNE BENEVOLENTTRUST
NOTBS TO THE FINANCIAL STATEMENTS
FORIHE YL4R EM)ED31 tsECEMBER2024
Debto
21JZ4
2023
Tr4OBdebtors
IS559
9,540
1.000
14.687
13.448
Prep&yrnents and accn*d tncome
Other dtbttrrs
26.099
28.135
CrJitorJ: falliDg duewithittolleyexr
20Z4
2023
Bank loEnsand ovethfts
106,055
21,190
108,466
24.958
Arcrud5
127.245
133.494
Bank" loan5 ond overdraftstst￿lin8£l.o1I.3ls 12023-£961.280larB 5eKured by B I￿ ¢hèr8e held overtt￿ land Jnd buildin8s by the C
operdiive BAnk' PLC.
The HCA (now RSHI authvrised The Mrs Henrietta Fronces Le PetSOIittE BenevvlenT Tr￿￿ty apply for A loart ￿IngthE property ¥S 5eGurity. Upon
approval frDrnthe HCA the appIied for£ttd wa5 Wted the folloHryn8 loan5 fromtht Cwetative bank..-
£630.000 in ti008 with an irttettst tate of 1.125% Ov￿ base to be repaid l5 vears fmrnthp lljitsal drawn downon?8 NovÈmber20Q8. Mrythihe
POS$ibility ofzn¢trnsion in the repaymeni tern￿ fora [￿r 15 year5 if tpqyired.
E400.000 in?010 with QD ￿￿treStr*tOf2.12S%O￿r base to be repoid fjftetnyears from the initi￿ draw doHU datsoD 5 MaYch2010. sviththe
Possibibty ofÈn e￿en￿on in thp repa)Trmi fora further 15 yÈats ifwuired.
50.ow splitbetWE¢n £150.000 rrfeived in ?019 and £200.000 reteivvd in 202Q interest rate Of 3 75Q/oovei to bprepaid 15 year5
fromihe iNtial drdmmdown trtt 18 OetDbEr2019. withthe possibitity of8n extensiortill the rpp)yrnenrfern￿ fora further 15 yeatg If required.
£700.000 loan in ?OJ? with 2n inteTrst ￿tP of 3% Dver base rate to be repwd Over 15 ypary The i￿la& drnwdowtt Ort25 SEPtemb¢r2024. Tllls
laan exten￿￿Tr ¢ombinesthe OIiBinal wett and north wing drawn down in 2008 7019
The A1rn5hou5e AS￿¢laTIOn also provided an intetest r￿e loanof£7Q.000 in?019 which is to be tepÈid QVBT IDyear5. Althougbtht IS inter¢5t
free there wa5 artadmiDL%tratton ¢hbrge ofU.500. wtr￿¢h wlll bewnttÈnoff llverthe term ofth21
Duringthe 2020 rinancialy￿theTrUSt obtained h bounceback loan of £50.OOOtD SUPPQrt theentity durin8 theCovi&19 tyutbrtak. The loan has
an Tntere51 rale of2.5% ￿rYear?￿d isto be rep£id &ftÈr72 mDnth5 fromihe initial 6rdwdown on the 27 November2020.
10 Cr￿110￿5.. amr*uilts faltingdue aftrr nwre ontyear
2024
2023
Bank Ith7ns and overdrafts
ru￿$
90&759
W16.800
gOS759
926.800
k loans ￿clUde aggregate Jmounts of£769.894 12023-£614.109lwhich f￿7 dvE after five ye&rs and which arppayable oiherwise by
in5talments. The payment tern￿ Attd rnteof¢prh for which an Emrmrtt f￿18 due 2fter fiveyew5are given in note9.
21

THK MRS. HENRIETTA FIL4NCBS LE PER50NNE BENEVOLENfTRVST
NOTESTO THE FINANCIAL STATEMENrs
FOR THE YEAR ENDED 31 DECEMBER 21124
Rtseryes
al ID¢ome expenditure TÈMÈ
ThE expenditure reserye represeDtscumulative 5urplu5 and deficts nptofother adJustrBt>
move￿￿tin fund8
BalathceAt
01.0124
Resources
expended
Trgn5frrs
tn¢oTneand Èxp2nditure reserve
1.467.083
474.686
(24.8311
153D379
1,467,083
47&&96
{38&559}
124,È31)
tS3DJ79
bl ResthctEd RservE
The income funds ofthe cbarity include re5rricied fund5 ¢umproM￿In&thB follo￿nBUntxPended b￿lAceS ofdonations and yants btjd Dn tNsi for
specific puTroses.
Movement in funds
Incorning
resources
01.01 ?4
¥pe￿J¢d
31.12.24
L¢ Ptrsonn¢ Memonal Fund
l73
173
7M
174
1,059
(300)
933
The Mèmtsrial Furtd w2S esiabbshcd by donatior￿ frornloral organi5ations and individuo15tD Clean themp]wIial stllD2S Df tbe FoundEts grnvestDnti
in the local cemetrry.
The SOCI￿ kntiViti￿ Fund reprEseDts donabuns feeeivtd thataTÈto fund soei81 activities foribe Rsidents.
cl DC￿￿ated funds and Invement Revaluativn r¢5¢T
The iDcome fiJThd Dfthe ch￿ty in¢lvdpthe followin#de$iBllL*d whichhave beejl set ￿Lde out ofutiTestr￿ttd by tbe trustees for
5petifit pUty0￿..
Movemeni in fund5
Resources Trthgfetsl eAinS &
eXp￿d￿j
losses
Balance at
Ineomi
BalaDce at
31.12.24
resources
CyclicRI Maintrnan¢e fvDd
30.000
124.8311
24.831
30.•00
Extraordinary Repllirfund
ERF R￿alUatiOn fund
S.835
108
3&1
472
5.943
2285
8228
7,756
Developmentfund
DF Re¥￿Ution fund
Social HowngB￿Trt fund
1.143.£O0
1.181256
1248311
25J03
1,181,728
]rI￿￿￿ent Revaluation Reser
1472)
14J74)
Designaied fvnd
1.177.3$4
(24131J
24831
1,177J54
22

THE MR& HENRIETTA F￿￿tE5 LE PERSONNE BENEVOLiNTTRUgT
NOTESTQ THE FINANcI￿LSfATEmE￿tS
FOR THE YEAR RNDED 31 DECEMBER2024
Re5eTve5 Ic•llttihuÈdl
The development lund w previously known 8$thp PeTmaneni EndownJEth Flu￿ which released by the Charity CtsMrni￿IOn on IS June ?OOB
to be ￿Sed as the charity nsttts see fit. The balanGe ofrhis fund repTe5Bnis the fuThd5Paid to acquire fixed inve5knBn15. This r￿thd has bee
fully sp2Dt withtbe R55anon ofthtNorthWing work.
Thecyclical m￿nt￿mI￿refund represents afuThd foTihe roDtirte maintenance costs incuTred.
The EXtrats[d￿Zry Repairfund tepttkttts Tnonie5 Put aside by the TntsteÈ5to ¢overaThy out oftht tsrdiw r¢paireost
The Soci21 Housing grani fund rÈpresents a grani received towards thE E95t of developing the htyu$inE property ￿0¢k. depreGiation is churyed
on she housing property. the gTrnT has been taken as inwme and TS set aside #sadesi￿ar¢d fund. There WÈ5 acDndition atwhed io the￿tth* if
the hO￿nsprOperty was ever sold the g￿nt￿lI1 be required to be repaid.
The investsnEntRevaluation Rtitrve reP￿￿tsthe cumuJativÈeffect ofr¢valuatiim5 Off￿ld asget invementsto VAIU
12 Re¢oD¢iliAtitill Dfop¢rdtingsurpltss t• ts$h fl&w frornoperatthg aelivites
2D24
2023
surp1￿1 ftsrthey¢xr
64.527
87.li6
ttrest payable
JDtrrest and disrydÈnd5 re¢eivy
Depreriation and impawtient ortsn￿bIC fixed assets
108&ttsI I￿￿3¢50n inve5m￿Thts
Ilncrease)I decte&SB ￿trade and oiherdebiors
(decrease) 111 hxde and other¢reditor5
71,258
11,0421
31.Y24
14721
2,OJ6
(3,768)
67.455
28.755
143
NetCa5b flow from operati￿g￿(tivites
165.263
13 wi￿%￿¢1*] iDstrurntnts
Tbe CÈ￿1￿8 wnoun¢s ofthe f￿￿)¢181 instrullJ¢nts aRas follows..
2024
20?3
FTywnciuloriers
Me*ured atfair value though thestyipmpnt of comprehensive into￿￿..
- Fwd asser limed 1nvestrjk￿* ltttste 71
4228
8228
7.756
7.756
Debt inmments measured *Èmwu5ed com..
-Ttt￿È dpbiors (note 61
-Oiherdebtoys (note B)
15.559
10,S4D
26,099
14.687
13.448
?8.135
Filwp￿l￿l1AubTll11e
￿e￿uTe￿ atamortised CL
- BAnk 108ts8 and overdraft{nDtP5 9-101
- Othpr crediiors (note 91
1.011.815
1.035266
24.958
Zl,190
Th¢ incorne. &Ypense4 nÈtBaJ]J$ 3nd lwlossesatm￿utÈb1t to the fiTrW￿I￿ 1n5tnm￿ts are sumtithti5￿ as follows..
2OZ4£
2023 £
FllWICial ￿&bilItieS rnea5UTed atamorti5ed e05t
71258
FIn8￿ClaI assptsmpasured at fairvalutthroughthe *aternentofcomprÈhen5iV¢ iTbwrne
23