REGISTERED CHARITY NUMBER.. 201098 Report of the Trustee5 and Unaudited Financial Statements for the Year Ended 31 December 2025 for The Gyde Almshouses Charity f ? xeinadin 7015tonehouse Park Sperry Wav 5tonehouse Gloucestershire GLIO 3UT
The Gyde Almshouses Charlty Contents of the Financial Ststements forthe Year Ended 310e¢ember 2025 Page Report of the Trustees Independent Examinerfs Report Statement ot Financial Actimtles Balance Sheet Notes to the Financial Statements 7 to 14 Detslled Statement of Financial Activitie5 15
The Gyde Almshouses CharSty Report of the Trustees forthe Year Ended 31 December 2025 The Trustees present their report with the financial ststements of the Charity for the year ended 31 December 2025. The TTU5tees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective lJanuary 20191. OBJECTIVES AND ACTIVITIES Objectives and alms The Charity maintain5 and manages ten Semi-detached houses at Gyde Road. Painswick, Gloucestershire, which are occupied by residents appointed by the Trustees. Applicants rnust have been resident in the Parish of Painswick.. l. For the preceding five year5. or 2. have been a resident for 10 years at any time and be at least 55 yeats of age Public benefit TheTrustees are aware of the Public Benefit provision5 of the Charities Act 2011 and of the guidance on them published by the Charity Commission. They are satisfied that the objeet5 of the Charitv and the activities of the Charity are within the definitions of the Charitable Purposes as set down in the Act. The Trustees are not aware of any public detriment caused by the Charity's objects or activities, and norare they aware of anyone receiving any private benefit from the Charity's activities. FINANCIAL REVIEW The financial statements for the year to 31 Oerember 2025 show a decrease in the value of the Charity'5 investments with the market value being £347,93012024.. £364,467). The Charlty's investments comprise of Charities Official Investment Funds and M&G Charity Multi Asset Fund5. The Trustees are satisfied with the investment performance but continue to monitor. The weekly malntenante contributions have increased. Our warden continues to be efflclent and well-1Sked by the resldents. Investment policy and objectives The Trustees seek to grow the capital value tsf the fund Subject to an appropriate level of risk. Investment5 are held in collective unitised funds specificalty designed for Charity investment. Going concern After making appropriate enquiries. the Trustees have a reasonable expectation that the Charity has adequate resour¢e5 to continue in operational existence for the foreseeable future. For this reason, thev continue to adopt the going concern basi5 in preparing the financial statements. Further details regarding the adoptic¢n of the goin8 concern basis can be found in the Accounting Policie5. Page I
The Gyde Almghou5es Charlty Report of the Trvstee5 for the Year Ended 31 December 2025 FINANCIAL REVIEW- continued Reserves policy The Charity carries a level of free re5erve5 to ensure that it is able tts carry out any malor repair work on the properties at relatively short notice. sTRuvRE, GOVERNANCE AND MANAGEMENT Charity constitution and Boverning document The trust was established by a Trust Deed dated 15 July 1910. The constitution of Gyde Almshouses Charity Ino. 2010981 is an unincorporated assoclatitsn. and it is governed by Deed of Trust. Correspondence should be addressed to Mrs S Baker. Clerk to theTrustees, 14 Green Close, Uley, Dursley, Gloucestershire. GLII 5TH. Recruitment and appolntment of newtrustee5 There shall be 9 trustees appointed for a term of 7 year5 a5 follow5.. Ex Officio Trustee.. Chairmèn of Stroud District Council Icurrently no representativel Representative Trustees121 Painswick Parish Council Co-opted Trustee$161 Indurtion and tralnln8 of new trustee5 Trustees who have particular knowledge of S.11$ appropriate to the Ch8rity are invited to join. On appointment the Trustees receive a copy of the governing documents and Charity Commi55ion guidance regarding trusteeship. New Trustees are briefed on the history. background. and work of the Charitv. Risk management The Trustees have a duty to identify and review the risks to which the Charity is expDsed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Trustees have considered the followin8 risks and mitigation.. inflation and fall in Capital values mitigated through investment in appreclatSng assets or fixed deposit accounts fall in value or failure of specific investment vehicles mitlgated by diversification of investments failure of investment counterparties mitigated by requiring a minimum 'A' credit rating for deposit taking Institutlons and è maximum £200.000 cash deposit per counterparty. The Trustees recognlse that internal financial cgntrols are essential checks and procedure5 that allow it to meet legal duties to safeguard the Charity's assets, administer the Charity's finances and assets in a way that identifies and manages risk. The policies and procedures are reviewed regularly. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 201098 Principal address Shani Baker Clerk to the Trustees 14 Green Close Uley, Dursley. Gloucestershire, GLII 5TH Page 2
The Gyde Almshouse5 Charlty Report of the Trustees for the Year Ended 31 December 2025 Trustees Mrsj Nash Mrs A Daniels Mr5 C Irving Mrs S Welbourne Mr N Cooper Mr l Massey rs M Radwav MrAGyde Independent Examlner M Aldridge Xeinèdln 701 Stonehouse Park Sperry Wav Stonehouse Gloucestershire GLI0 3UT Imiestment Advisors CCLA Investrnent Management Ltd COIF Charity Funds Senator House 85 Queen Victoria Street London EC4V 4ET M&G Investment5 Governors House S Laurence Pountney Hill London EC4R OHH Approved by order of the board of trustees on and slgned on its behalf by.. Mrs l Nash- Tiustee Pa8e 3
Independent Éxaminer's Report to the Trusteès of The Gyde Almshouses Charity Indepèndent Examiner's report to the trustees of The Gyde Almshouses Charitv I report to the Charity Trustees on my examination of the accounts of The Gyde Almshouses Charity Ithe Trust) for the year ended 31 December 2025. Responsibilities and basis of report A5 the Charity Trustees of the Trust, you are responsible for the preparation of the accounts in accordan with the requirements of the Charitie5 Act 20111.the Act'l. I report in respect of my examination of the Trust's accounts carried out under sectlon 145 of the Act and in carrying out my examinatlDn I have folk)wed all applicable Direttions glven bythe Charity Commi55ion undef section 14SISllbl of the Act. Indepèndent Examinee5 Statement I have completed my examination. I confirm that no material matter5 have come to my attention in connectlon wSth the emarnination giving me cause to believe that in any materièl respect.. accounting Tecords were not kept in respect of the Trust as requlred by section 130 of the Act.. OT the accounts do not accord with those records,. or the account5 do not comply with the applicable rèquirements concernin8 the form and content of accounts set out in the Charities IAccounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fairview which is not a rnatter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. M Aldridge Xeinadin 701 Stonehouse Park Sperry Wav Stonehouse GloucestershSre GLIO 3UT Date.. .. L loiL Pa8e 4
The Gyde Almshouses Charity Statement of Financial Activities for the Year Ended 31 December 2025 2025 Total funds (Unrestricted) 2024 Total funds Notes INCOME AND ENDOWMENTS FROM Maintenance contributions from residents 30.592 29,400 Investment income 11.973 11,571 Total 42.565 40,971 EXPENDITURE ON Charitable actlvltie5 Charitable activities 53,606 31.336 Tot?1 53.606 31,336 Net gainslllossesl on investments 12,5821 10,206 NET INCOMEIIEXPENDITUREI 113,6231 19,841 RECONCILIATION OF FUNDS Total funds brought forward 497,389 477.548 TOTAL FUNDS CARRIED FORWARD 483,766 497.389 The notes form part of these financial statements Page 5
The Gyde Almshouses Charity Balance Sheet 31 De¢ember 2025 2025 Total funds Iunrestrictedl 2024 Total funds Notes RXED ASSETS Tan8ible assets Investments 119,843 347.930 109,(K)3 364.467 467.773 473.470 CURRENT ASSETS Debtors Cash at bank 1.127 17,271 1,107 25.135 18,398 26,242 CRÉDITORS Amounts falling due within one year 12,4051 12,3231 NCURRENT ASSETS 15,993 23,919 TOTALASSETS LES5 CURRENT LIABILITIES 483.766 497,389 NET ASSETS 483,766 497.389 FUNDS Unrestricted funds io 483,766 497,389 TOTAL FUNDS 483,766 497.389 The flnaneial statements were approved by the Board of Trustees on slgned on its behalf by.. 11.. af,-:.L.....2Q2&,... and were Mrs l Nash- Trustee The note5 forrn part of these financial statements Page 6
The Gyde Almshouses Charity Notes to the Financlal Ststement5 for the Year Ended 31 December 2025 ACCOUNTING POLICIES Basis of preparlng the financial Statements The financial statements of the Charity. which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffecrive l January 20191,. Financial Reporting Standard 102'The Financial Reporting Standard appllcable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception ot investment5 which are included at market value, as modifled by the revaluation of certain asset5. Income All income is recognised in the Statement of Financial Activities once the Charity has entitlement to the funds, it is probable that the income will be received, 3nd the amount can be measured reliablv. Empenditure Liabilities are recognised as expenditure a5 soon as the is a legal or constructive obligation committin8 the Charity to that expenditure, it is probable that a transfer of economic benefits will be required in settletnent and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aeeregate all costs related to the category. Where costs cannot be directly attributed to particular headings. they have been allocated to activities on a basis consistent with the use of resources. Cyclical repalrs and maintenan The Trustees have established a regular progr3mrne of cycllcal repairs and maintenance. Costs are charged to the Revenue Account in the year in whieh they are incurred. Emtraordinary repalrs Costs of extraordinary repair5. unless representing improvements to the properties, are charged to the Revenue Account in the year in which ihey are incurred. Tangible fixed asset5 The freehold propertyconsi5ts of ten semi-detached houses at Gyde Road, Painswick, Gloucestershire. The land was gifted to E F Gyde in order to set up the Charity in 1910, together wSth funds which were used to build the house5. For this reason. a c05t figure cannot be shown for this asset in the 8alance Sheet. The freehold land and building are insured for £2.280,000 which is an estimate of their replacement cost. Since l January 2001, all property improvements costs have been capitalised and depreciated at 5% on cost. TaxatSon The Charity is exempt from tax on its charitable activities. Fund atcounting Unrestrirted funds can be used in accordance with the charitable objectives at the dlscretion of the Trustees. Page 7 contSnued...
The Gyde Almshouses Charlty Notes to the Flnanclal Statements- contlnued forthe Year Ended 310ecember 2025 ACCOUNTING POLiaES- continued Fund accounting Restricted funds can only be used for particular restricted purposes within the objects of the Charity. Restrictions arise when spEcified by the donor or when funds are ralsed for particular restrKted purp05e5. Further explanation of the nature and purpose of each fund is included in the notes to the financial Statements. INVESTMENT INCOME 2025 2024 Investment income Deposit account interest 11,973 11.567 11,973 11,571 Investment income includes accumulatlon units dSvldends declared for whlch no cash was received and cost adjustment was made to investments instead. TRU5TEES' REMUNERATION AND BENEFITS There wefe no Trustees, rernuneration or other benefits forthe year ended 31 December 2025 norfor the year ended 31 December 2024. Trustee5' eMpen5es Theie were no Trustees, expenses paid for the year ended 31 Decernber 2025 nor for the year ended 31 December 2024. STAFF COSTS The avera8e monthly number of personnel during the yearwas as follow5.. 202S 2024 Warden Iself-employment basis) Pa8e 8 continued...
The Gyde Almshouse5 Charfty Notes to the Financlal 5taternents- ¢ontinued for the Year Ended 31 December 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIE5 IN 2024 Unrestricted funds INCOMEAND ENDOWMENTS FROM maintenan contributions from residents 29,400 Investment income 11,571 Total 40,971 EXPENDITURE ON Charitable activitie5 Charitable activitie5 31,336 Total 31,336 Net gains/llossesl on investments 10.206 NET INCOMEIIEXPENDITUREI 19,841 RECONCILIATION OF FUNDS Total fursds brought forward 477,548 TOTAL FUNDS CARRIED FORWARD 497.389 Page 9 continued...
The Gyde Almshouses Charlty Notes to the Financial Stètemen15- continued for the Year Ended 31 De¢ember 2025 TANGIBLE FIXED A55ETS Improvements to property COST At l January 2025 Addition5 218,090 31 December 2025 239.271 DEPRECIATION At l January 2025 Char8e for year 109,087 10,341 At 31 December 2025 119.428 NET BOOK VALUE At 31 Decembei 2025 119,843 At 31 December 2024 109.003 Not included in cost of land and buildings are freehold land and buildings valued for insurance purposes at £2,280.OC4) which is not depreciated. FIXED ASSET INVESTMENTS Listed investments MARKETVALUE At l January 2025 Additions Disposals Revaluations 364,467 6.044 19351 121,6461 At 31 December 2025 347.930 NET BOOKVALUE At 31 December 2025 347,930 At 31 December 2024 364.467 There were no investment as5et5 Outside the UK. Page 10 ontinued...
The Gyde Almshouses Charity Notes to the Financial Statements- continued for the Year Ended 31 December 2025 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Prepayments 1,127 1,107 CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Other creditors 2,405 2,323 10. MOVEMENTIN FUNDS Net movemènt in funds Transfers between funds At 31.12.25 At 1.1.25 UnrestrÉcted funds General fund Cyclical repairs and maintenance fund Extraordinary repair fund Charitable wide range fund 132,922 372 11,6171 18,1551 14.2231 133,294 1.617 152.390 212,077 144.235 206,237 11.6171 497.389 113,6231 483,766 TOTAL FUND5 497,389 113,6231 483,766 Net movement in funds, included in ihe above are as follows.. Incotning resources Resources expended Gains and losses Movement in funds Unrestricted funds General fund Cyclical repair5 and maintenance fund Extraordinary repair fund Charitable wide range fund 30,592 130.2201 11,6171 121,7691 372 11,6171 18,1551 14.2231 6,044 5,929 7,570 110,1521 42,S65 153,6061 12,5821 113.6231 TOTAL FUNDS 42,565 153.6061 12,5821 113.6231 Page 11 continued...
The Gyde Almshouses Charity Notes to the Financial Statements- continued for the Year Ended 31 December 2025 io. MOVEMENT IN FUNDS- continued Comparatives tor movement In funds Net movemernt in funds Trall5fer5 between fund5 At 31.12.24 At 1.1.24 Unrestricted funds General fund Cycliral repair5 and rnaintenance fund Extraordinary repair fund Charitable wide range fund 128,974 107 141,076 207,391 17511 11,1801 11,315 10,457 4,7 1,073 132,922 152,390 212,077 15.7731 477.548 19,841 497,389 TOTAL FUNDS 477,548 19,841 497.389 Cornparative net movement in funds. included in the above are as follows: Incoming re59urces Resources expended Gain5 and losses Movement in funds Unrestricted funds General fund Cyclical repalrs and maintenance fund Extraordinary repair fund Charitable wide range fund 29,402 130.1531 11,1831 17511 11,1801 11,315 10,457 5.793 5,773 5,522 4.684 40,971 131,3361 10,206 19,841 TOTAL FUNDS 40,971 131,3361 10.206 19,841 Page 12 continued...
The Gyde Almshouses Charity Notes to the Finan¢lal Statements- continued for the Year Ended 31 December 2025 io. MOVEMENT IN FUNDS- contrnued A current year 12 months and prior year 12 months cornbined position is as follows= Net movement in funds Transfers between funds At 31.12.25 At 1.1.24 UFTrrestrirted funds General fund Cyclical repairs and maintenance fund Extraordinary repair fund Charitable wide range fund 128.974 107 141.076 207,391 13801 12,7971 3,159 6.236 4,700 2.690 133,294 144,235 206,237 17,3901 477,548 6.218 483,766 TOTAL FUNDS 477,548 6,218 483,766 A current year 12 month5 and prior year 12 months combined net movement in funds, included ifi the above are as follows.. Incoming resources Resources expended Gains and losse5 Movement in funds Unrestricted funds General fund Cyclical repairs and maintenance fund Extraordinary repair fund Charitable wide range fund 59.994 160,3741 12.8CX)I 121.7701 13801 12,7971 3,159 6.236 11,837 11,702 13,092 15.4661 83,536 184,9441 7.626 6.218 TOTAL FUNDS 83.536 184,9441 7,626 6.218 Page 13 continved...
The Gyde Almshouses Charitv Notes to the Financial Statements- ¢ontSnued for the Year Ended 31 December 2025 11. RELATED PARTY DISCLOSURES There were no related party transaction5 for the year ended 31 December 2025. Page 14
The Gyde Almshouses Charity Detailed Statement tsf Financial Actlvltie5 for the Year Ended 31 De¢ember 2025 2025 2024 INCOME AND ENDOWMENTS Contrlbutlons received Maintenance contributions from residents 30.592 29,402 Investment in¢ome Investment incorne Deposit account interest 11.973 11.567 11,973 11.571 Totsl intoming resources 42,565 40.973 EXPENDITURE Charitable activities Warden'5 salary Rate5 and rents Insurance Repairs to property Office supplies and sundry Resident5, gifts Fees and licence5 Clerk's fee lone half) Improvemènts to property depreciation 7.338 225 2.266 23.386 249 325 433 3,573 10.341 6,997 55 2,192 1,183 94 330 423 3,444 9,282 48.136 24,0 Support costs Govemance cost5 Clerk's fee lone half) Accountancy fees Le8al fees 3,573 1.848 50 1.830 2.062 5,471 7,336 Total resour£es expended 53,607 31.336 Net Income Ilexpendlturèl before galns and losses 111,0421 9.637 Realised recognlsed galns and105ses Realised gains/llossesl on fixed asset investments 19,065 Net income I lexpenditurel 8,023 9.637 This pa8e does not form part of the statutory financial statements Paee 15