THE HOMEYARD HOMES
VERYAN
TRURO
CORNWALL
CHARITY NUMBER 200770
REGISTERED IN ENGLAND AND WALES
THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 JUNE 2025
BALME KITCHEN & PEARCE LTD
CHARTERED ACCOUNTANTS
25 LEMON STREET
TRURO
CORNWALL

THE HOMEYARD HOMES
CONTENTS
PAGE
1 to3
TRUSTEES REPORT
INDEPENDENT EXAMINERS REPORT
STATEMENT OF FINANCIAL ACTIVITIES
BALANCE SHE
7t010
NOTES TO THE FINANCIAL STATEMENTS
The followlng page does not forni part of the statutory fjnancial statsments
DETAILED ANALYSIS OF INCOME AND EXPENDITURE
11

PAGE 1
THE HOMEYARD HOMES
TRUSTEES REPORT FOR THE YEAR TO 30 JUNE 2025
VERYAN
TRURO
CORNWALL
REGISTERED CHARITY NUMBER 200770
The Iruslees present their report and accounts for the year ended 30 June 2025.
Trustg9S:
The following Trustees have served during the year..
Mr D Rounsevell {Chairmanl
Mrs S Truscott
Mr B Jobson
MrJ Gemian
Mr G Webb
Mr J Leaeh
Mrs N Bush
Vacancy- Parish Priest
Indepèndent Examiner:
T J Dawson FCA
Balme Kitshen & Pearce Ltd
Chartered Accountsnts
25 Lemon Street
TRURO
Cornwall
TR12LS
Bankers:
Barclays Bank
King Street
TRURO
Comwall
Govaming Documont
The Homeyard Homes Trust is constituted by a Trust Deed dated 27April 1953.
How our actlvltles deliver publ1¢ benefft
Our main activities and who we ty to help are described below.
All our charitable activities focus on providing accommodation to the seamen's widows of preferably Cornish seamen
or other appropriate applicants, at a nominal contribution towards expenditure.
Objects and Oryanisation
The objects of The Homeyard Homes Trust are to ensure the provision of accommodation for dependants of the
widows of Comish seamen.

Continued...-....
PAGE 2
Revlew of the year
The Imst made a profit of £6,934.00. The charity ensures the accommodation Continues to be of a good stsndard.
Some investments had to be sold in order to finance its expenditure.
Principal Funding Source
Aside from contributions from the occupiers, the principal fiJnding source for the Charity is from investment income_
Investmgnt Pollcy
The Charity has a Stockbroker advising on investments. Some investments are sold each year in order to pay tha
ongoing expenses.
Reserves Policy
To ￿tain the endowment portfolio at a level which produces approximately tr￿thIrd8 of the average annual
expenditure of the eharity.
Trusteos Selection
The Trustees shall consist of not more than eight persons.
The vicar shall be one Truske.
Comwall County Council may appoinl Trustees and the Royal Alfred Merchant Seamen's Society shall appoint
o Trustees.
Up to three Trustees can be appointed by the existing Trustee5.
Each appointment is made for five years or until earfier vacats"on. A Trustee retiring after five years is eligible for re-
appointrnent.
Trustee Induction & Training
New Trustees are briefed on their legal obligations under charity law, the Charity Committee guidance on public
benefrt, the decision making processes and the re￿nI financial performance of the charity.
Trustees are encouraged lo attend appropriate extemal trainin9 events where these will faGililate the undertaking of
their role.
Rlsk Management
The Trustees have a risk management strategy which comprises of an annual review lo discuss those risks identified
and plan procedures to minimise any wlential impact on the chafty should those risks materialise.

Continued........
PAGE 3
Statement of Trustegs ro8ponslblllties
The Trustees are required under the Charities Act 2011 to p￿pare financial statements for each financial year, which
give a true and fair view of the charity's financial activities during the year and of its financial position al the end of
the year. In preparing financial statements giving a true and fair view. the trustees should follow best practice and
la)
(bl
Select suitable accounting policies and apply them consistently,.
{¢)
Make judgements and eslimales that are reasonable and prudent-
Slate whether applicoble accounting standard and statement of ￿¢0MMended practitr have been followed,
subject to any departures disclosed and explained in the financial statements.,
Prepare the financial statements in a going con￿rn basis unless il is inappropriate to presume that the
charity will continue in operation.
Idl
The Trustees are responsible for keeping accounting records which disclose with reasonable a￿UraCY the financial
position of the charity and which enab￿ them to ensure that the financial statements comply with applicable law
and regulations. They are also responsible for safeguarding the assets of the chartty and hence for taking
responsible steps for the prevention and detection of fraud and other irregularities.
Approval
This report was approved by the Twstees on 20 OcTDts<
and signed on their behalf by..
Trustee

THE HOMEYARD HOMES
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE HOMEYARD HOMES
I report on the accounts of the Trust for the year ended 30 June 2025, which are set out on pages 5 to 10.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The Chanty's Trustees consider that an audit is not required for this year in aceordance with the Charities Act 2011
(the actl and that an independent examination is needed. It is my responsibility to.. -
ExaFnine 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 14515llb} of the act and
To stale whether particular matters have come lo our attentlon.
BASIS OF INDEPENDENT EXAMINER'S REPORT
My examination was carried out in ac¢ordance with the General Directions glven by the Charity Commissioners. An
examination includes a review of the accounting records kept by the charity and a comparison of the accounts
presented with those records. 11 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 corFsequently I do not 8xpre55 an audit opinion on the vlew
given by the accounts.
INDEPENDENT EXAMINER'S STATEMENT
In connection with my examination, no matter has come lo my attention..
11}
which gives me reasonable cause to believe that in any material respect the Irustees have not met the
requirements lo ensure that",
proper accounting records are kept {in accordance with section 130 of the Acll and,.
accounts are prepared which agree with the acc%)unting records and comply with the accounting
requirements of the Act.. or
{21
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts
to be reached.
T J Dawson FCA
Balme Kitchen & Pearce Ltd
Chartered Accountants
25 Lemon Street
TRURO
Comwall
TR12LS
Date..

THE HOMEYARD HOMES
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2025
PAGE 5
202
2024
TE LlTrrestn"ctsd
Funds
EndthbTh8nt
Funds
Bu1￿￿ng
Fund
Repair
Fund
Total
INC
ING RE
Inc¥Jming resources from generated funds,.
CES
A(*wties forgeneratirvj fijnds
Investment Income
other
20.658
20,658
38.321
22,459
38.709
36,321
Total i
rnin
resouires
20,658
38,321
58,979
61,168
RES
UR
ES EXPEN
C08ts of generatirg fvnds,.
Charitable Activities
Inv8Strrent Managament Costs
Govemance Costs
22.491
14.298
10.960
34,651
14.298
3.096
52,045
36,288
13,768
2.595
52.651
To
3,096
36,789
1,200
lo,￿0
Net incomingllout90ingl resources
GainllLossl on rgvaluabon of inv88trnents
Funds brought forwar
17.562
112001
110.960}
24,526
665.655
689,221
8.376
13,9001
1,340.685
1.345,161
34,526
1,4￿.826
1,498,286
274,012
291.574
489,225
490.757
27,934
26.734
The statement offinano81 adwitEs It￿ludeS all gains and Ic6ses in tho y•ar. Ml incoming ￿D¢Ir￿ resources expended derivè from
continuing 8CtivitEs.
The notes on p2ge$ 7 to 10 forni part of tt)es8 accounts.

THE HOMEYARD HOMES
BALANCE SHEET AS AT 30 JUNE 2025
PAGE 6
NOTE
2025
2024
FIXED ASSETS
Tangible Assets
26,994
28,223
CURRENT
ASSETS
Listed Investments
Debtors
Cash at Bank
1,429,621
36,884
8,027
1.474,532
1,392,915
27.042
10,866
1,430,823
CURRENT LIABILITIES
CREDITORS.
Amounts due within one year
10
3.240
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
1.471,292
1,498.286
1,428,603
1456.826
FUNDS OF THE CHARITY
UNRESTRICTED FUNDS..
Accumulated Fund
Expandable Endowrnent Fund
291,574
490 757
782,331
274,012
489.225
763,327
RESTRICTED FUNDS..
Repair Fund
Building Fund
689,221
26,734
665,655
27.934
715,955
1,498.286
693,589
1,456.826
These accounts were approved by the Trustees on
and were signed on their behalf by:
The notes on pages 7 and 10 form part of these accounts

THE HOMEYARD HOMES
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
PAGE 7
I. ACCOUNTING POLICIES
al Basls of Accountlng
The financial statements have been prepared under the histori￿1 cost convention wrlh the e￿eptIOn of
investments which are included at market value and fcsllow the recommendations in the Accounting by
Charities- Statement of Recommended Practice.
b) Fund A¢¢ounting
Unreslricled funds are available for use ai the di8Grelion of the truslees in furtherance of the general
objectives of the Charity.
Restrict￿ funds are subjected to restrictions on their expenditure imposed by the donor or throu9h the kms
of an appeal.
¢1 Incomlng Resour¢•s
These are included in the Statement of Financial Activities ISOFAI vh)en,'
The charity becomes entitled to the resources
The Trustees are virtually certain they will receive the resources,. and
The monetary value can be measured with sufficient reliability
Where incoming resources have related expenditure la$ with fundraising or contract income) the incoming
resources and r91ated expgnditure a￿ reported gross in the SOFA.
dl Investment Income
This is included in the accounts when receivable.
e} Liabillty Rocognltlon
Liabilities are recognisèd as soon as the￿ is a legal or constructible obligation committing the charty to pay
out resources.
Governan¢• Costs
Include costs of the preparation and examinalion of statutory accounts, the costs of Trnstee meetings and
cost of any legal advice to Trustees on governan￿ or constitutional matters.
g} Fixgd Assets
These are capitalised if they can be used for rnore than one year, and cost at least £500. They are valued at
cost, or if gifted at the v81ue to the chanty on receipt.
Investments held as ffxed assets are revalued at Market value at the Balance Sheet date and the gain or
loss taken to the Income and Expenses statement of financial activities.
hl Oeprèciatlon
Depreciation is provided oft all tangible fixed assets in use at rates and bases calculated to write off the cost
or valuation less estimated residual value of each assets, over its expected usetjl life, as follows.. -
Freehold Property
Fyrnilure
20A per annum on the Stra￿ht line method
Equipment
1 OOA per annum on the reducing balance method
10% per annum on the reducin9 balanca method
i) Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred
All costs allocated belween the expenditure ￿tegOrieS of the SOFA on a basis designed to reflect the use of
the resource. Costs relating to a particular aGtivily are allocated directly, others a￿ apwrtioned on an
appropriate basis.

THE HOMEYARD HOMES
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
PAGE 8
2, ANALYSIS OF INCOME RESOURCES
Activities for generating
fund8
2025
2024
Interest
830
826
Contribution from occupiers
Electric Meter collection
Dividends
Profit {Loss} on Sale of
Investments
18,445
2,213
38,946
19,308
2,751
36,156
Other
1,455
58,979
1,727
60,768
3. ANALYSIS OF RESOURCES EXPANDED
Costs
allocated to
activities
Warden
Heating & Lighting
Repairs & Renewals
Rat6s & Water
Insurance
Garden Expenses
Depreciation
ort Costs
allocated to activities
Legal & Professional"
Office Expenses
Contributions
from
iers
Basis of
Allocation
Direct
Direct
Direct
Direct
Direct
Direct
Direct
Investment
Income
2025
Total
2.000
9,188
10,960
5,314
1,281
3,659
1,229
2024
Total
3,900
9.840
8,206
5,725
1,252
3,551
1,232
Occu
2,000
9,188
10,960
5,314
1,281
3,859
1,229
Admin
Usage
Usage
15,318 15,318 14,696
3,096
3,096
3,428
33,631 18,414 52,045 51,830
Included in Legal & Professional expenditure Is £1.020 in respect of the Ind8pendent Examiner.
4. TAX
The Trust is entitled lo Income Tax and Capital Gains Tax exemplron as a Charsty under Section 505 of ICTA 1988.
5. PURP08ES OF FUND8
a) Endowment Fund - The purposes of this fvnd are to provide income for
the Charity to run the house.
(b) Building Fund - This fund was for the building of the property-
Ic l Repair Fund - The purpose of this fund is to assist with any major
building repairs or improvements.

THE HOMEYARD HOMES
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2026
PAGE
6. BUILDING FUND
2025
2024
27,934
29,134
1,200
1.200
26,734 27,934
As at 30 June 2024
Depreciation
At 30 June 2025
7. TANGIBLE FIXED ASSETS
Freehold
Pro ert Fumiture E
Total
At 1 July 2023
Additions
At 30 June 2024
55,534
730
1,384 57,648
730
1.384 57,648
Depreciation.,
At 1 July 2023
Charge for year
At 30 June 2024
27,600
1,200
28,800
713
1,112 29,425
27
1,229
1,139 30,654
715
Net book value at 30 June 2025
Net book value at 30 June 2024
26,734
27,934
15
245 26,994
272 28,223
17
The Trustees have estimated the Market Value of the Freehold Property at 30 June 2024 was X.
8. LISTED INVESTMENTS
Investments listed on a recognised Stock Exchange.
Market Value at 1 July 2024 1,392,915
Additions at cost
208,879
Sales
(205,244)
Net profit on revaluation
33,071
Market Value at 30 June
2025
Historical cost at 30 June
2025
1,429,621
1,302,771
These investments are managed by CharFes Stanley who makes recommendations to the Trustees for their
decision on purchases or sales.

THE HOMEYARD HOMES
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
PAGE 10
9. DEBTORS
2025
36,342
542
38,884
2024
26,500
542
27,042
Debtors
Prepaymènts
10. CREDITORS
2025
2024
Credilors
Accruals
3,240
3,240
2,220
2.220
11. TRUSTEES REMUNERATION
Trustees neither received nor watved any emoluments during the year.
12. ANALYSIS OF NET ASSETS BETWEEN FUNDS
General Endowment Restricted
26,994
Total
26,994
1,176.958 1,474,532
(3,240)
26,994 1,176,958 1,498,286
Tangible Fixed Assets
Current Assets
Current Liabilities
Net Assets 30 June 2024
297,574
(3,240)
294,334

THE NEXT PAGE DOES NOT FORM PART OF THE STATUTORY ACCOUNTS

PAGE 11
THE HOMEYARD HOMES
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2025
2025
2024
INCOMING RESOURCES
Interest
Donation
Dividends
Contribution from Occupiers
Electricity Meter Collection
ProfiUILossl on Sale of Investmenis
RESOURCES EXPENDED
830
826
38,946
18,445
2,213
(1,4551
58,979
36,156
19,708
2,751
1,727
61,168
Di￿t Charitable
Expenditure'.-
Warden
Heating and Lighting
Repairs and Renewals
Rates and Water
Insuran¢e
2,000
9,188
10,960
5,314
1,281
3,900
9,840
8,205
5,725
1,252
Garden Expenses
Depreciation
3,659
1,229
3,551
1,232
33,631
33,705
OTHER EXPENDITURE
Administration'.-
Stockbrokers Management
Fees
Accountancy
Printing, Stationery &
Advertising
Subscriptions and Sundry
Managers Wages
14,298
1,020
339
13,676
1,020
400
105
2.652
598
2,008
TOTAL EXPEND￿uRE
18,414
17,702
52.045
6,934
51,407
9,761