REGITrED cHA￿y NUMBER: 201218 leport ollhe Trust•w and Unaudt•d Fmanclal slatreM•￿ lorthe Y•¢v ￿d￿d 31 March ¥)25 ewer5 Chulered Accovnlonts Untt 3 Br1* co￿tyard Bram Surrey GU5 OiA Contents of lh• Flnanckrf Stotemerrt5 for the Yeqr Ended 31 Mn lo off-lne training dLJring the ye(x lor FT51 ond Mor5hol. R•¥l•w otth• Y•gr und Ihe Futw• Dwng ￿24125. once cwin. the Injslees have continued th￿ obiective ol wowding o high stonijord of maintenance. haFPY community spiiil. ond sgfe enviror>menl resKlents whikl continuing lo improve ond modemkse the buikling and facirrties. The InJs*ees and staff strive lo keep House as an allraclive ond ￿e￿rab￿ pla￿ lo Eve in o chongng and competitive independent Swng sector. Al 5tolulory risk assessment5 were c(yrTed out. gen￿Ofy by wofewonal bodEs. The major financia., and physical ris￿ idenlifEd by the trustees. lo wh￿h the Chority i% eXF￿d. confi.nuè to be reviewed on o regvky b05is ond syslems estat￿L5hed lo miligale Ih05e risks. Essentia5 mainten¢nce work. safety checks IiK)th man(kJtuy and fecornmendedl. servicng. elc were constant rpmewed lo ensvre h.eoL+h ond sofety reqviremenls wefè uphe￿. Olher maintenance w(rk continued wilh the airn lo redecorate the fknis ond studios with conlemFKxory white waf6 ond grey carpets Ifcy those reSKJènls who wovkl Ike111 tEing comr*led. Work to redecorote the c(XTK1ry5 wme and upgrad8 the grab raib. unfortuna1e￿. during Hilkr House suffered a ￿K]i￿lI)0d due to cohj-waler main tJr*work wh￿h wa5 over ￿ Yea￿ ok￿. Th￿ is the second such fk)¢xl in the SFKJCÈ of 3 year5 and although our inswance company poid the c￿lM il tecome very evdenl lo the trustees thal much ol Ihe cowwoter rrKJin pipework needed vpgrodtng. In earty ￿25 signif￿an1 and comwehensive wcrt wos undertoken to repkjce the majo￿lY ol the ppes from the water main on the street through lo the p)inl of thi5K)n tc inckv¥dual Ik2ts and studi05. All pitework wa5 rèpbced in the bfts remowng the need for coks water tonks as we now have o mains feed system. Thi% work wll aLso eradiate MrtUal￿ all risk ol legionelkj as the system t5 Sea￿d. Poge 2 Report ol Ihe Tn￿S lor Ihe Year ended 31 M￿ch 2025 A second kJun(ty was in51all￿ within a redundant shower room during the blter port ol the year. The new kjundry wll reduce the d￿tance the kndies ￿ the wesl sKJe of the bulk￿1n9 hove lo ctsry Iheir washing. The trustees ore keen lo commence w(yk on the ￿ngery during 2)25, however, debys in obtaining pkJnning consent continue to imrEde our otilty to gel th￿ woiecl started. The resKlenls lake F¥ide in their suffounding5 and ther communFty- Th￿r h(Td w(xk in the g(rden earned them Ihe $i￿er owgrd in the Guiklford in Bicom -ompelitior.. A small group ot the gardene￿. enjoyed attending a réception al the Guiklholl whére they were yesented with the c2ward. During November the sloff and res￿￿entS were involved in a tree plonfing Ffoiect in the g(Yden.- SCC donoted 100 hedging trees wh￿h were pkjnled olong the car pork fence and obng boundory wth the a1￿Y which in time it i% hoped wll FyovKle on (Jttro¢tive hedge giving more Fxivacy. 5rx fruit tree5 hove been pknnled in the q￿￿et garden lo cseale a mini cychard. Mony social events we orgontsed throughout the year tncluding and chip lunche5. Pcjrties includng a disco. elc and on excel￿nI Chidm05 knnch on o tx)uF travellng up the fhome5. Various chJb5 abo took place indvding knitting. art ckJs5es and lingo. Exchange visits were enK)yed be￿een HillEr House and The Alice Cough alrnshouse in &racknelL all the reshyenls invofved enpyed the oppcmlunty ol spending lime together. We•ldy Muint•nance Confvibvlions The WMC is reviewed annualty with any changes t*ng IMp￿￿￿ted during the frsl week ol AFxiI to c(inC￿e with the slort OF the Chority's ffnoncial yeor. Whibt the Irustee5 remain ccmnThtted to ensvring the charge remains fair ond reason0b￿. the huh Tate of e(Jrfjef in the yeor yoved chalenging Ihil year in porticular. however Ihe trustees ￿e conf￿ent that Hillw House Offe￿ excePEnl volue fly mon￿. During the year Ihe Irustees m(xle the deci5iors lo award a sum trom the Bur50ry Fund to al￿V￿]te resident hord5hip. Freehold Land and Buldngs The truslees consider Ihol the markel w]lue ol treehokl hand ond t>JikJings is in excess ol the amount shown in the rincjncul Statements, but as these 05se15 are used ty the Charity lo luifil its pincipol octwity and no (￿$￿saLI are envisoged. the excess ￿ not quanlified. The chorify aimg to mointcin o Iquid reserve in c05h and investrrent5 on the gen￿01 fund equNo￿n* lo al thsl six monlh5' monagernent ond sermce Costs. The remoining bank reseNes and current asset investments are aSbcaled lo imyovemenl yqecls and to FXJY I￿anY on&off unloregeen eX￿rIdi1ure. InYeslmeDt pdi Under its governing deed the choThty ￿ requred lo invest monEs not nèeded lor immediole working purposes. Thè truslees delerrrune whèther thts shoukj in bonk deFm￿lS ￿ k)nger-term investments after taking approwale odwce. R•sld•nt Invofv•m•nt The tru51ees ore keen to emp)wer the re￿ents. CTealing on enwonmenl where leedtKJck is w&tomed. volued ond wherever possibk is acled vwn. The Ch(yity has a Focetx)ok toge whrh 15 regul* updated wblh pholos cnd e'¥en15 which al rEsKlent's lamity and Ir.end5 eni)y s*ng and COTnmenling on. stal•ment ofTrust••s' Rèsponthlll•s The Iru5tees ore reSwn$ib￿ lor wep]ring the Annual RetKxl and Ihe fv)oncial stoteTY*nts in acc5 ZXB olhd Ihon any requirement Ihat the occounls gNe a Inje ond faw view whrh is rK)t a moller consfvjwl 0$ tsl on independent examinalK)n. I have no concerns and have come cuoss no olhef motter5 in COnnect￿n with the examinotion lo which atlenlion Shou￿ be drawn in th￿ reFMNI in (Kder lo enOb￿ a woper understonding ol Ihe accounts to be reqched. A M Sknlton Brewen Chorl8red Accounlanls B￿lleY Covtyard Bramley Surrsy GU50L Date.. Page 5 51(ttemenl of ￿nancIal Activlll•s for the Year Ended 31 m￿Ch 2025 2025 Tolal )24 Tolol funds Unrestr￿ted funds Re51ricled fund Notes INCOME AND ENDOWMENTS FROM Charllable actlYHles Charitable Activit 210.986 240,984 327.747 Inv6strnenl I￿orne 23.752 23.752 18.127 Total 284.738 284.738 345.874 EXPENDilliRE ON Chuilloble actjvftles chori10b￿ Activities 189.408 189,408 176,554 Nel goins/lk)$5esl on nvestmenls t223￿) NET INCOME 9*330 95.330 146,970 RECONCIUATION OF FUNDS Total funds broughl forward 1274.383 1214.383 1.067,413 TOTAI FUNDS CARRIED FORWARD 1209.713 1.309.713 1.214,383 The ntsle5.fm F(Jrt of these finonc201 sto*emen15 Page 6 HIUeT Almshov5es Balance Sheet 31 March X125 2W25 Totd 24 Tolol funds Uryestricled Restricled fLnd No1è5 HXED ASSETS Tarkgible ossels 914.6&3 914.683 8x675 CURREN[ AS5Ets Deblcxs Inveslmenls Cosh al bonk ond in 6.592 220.614 324.790 5,952 )6.￿4 317.621 220.614 324.790 551.996 551.996 53.867 CREDITOR5 Amomt5 falSng the wlhin ye 0IA20) (11.420) I14,1￿) NET CiIRRENfASSErs 54057 54),576 515.702 TOTAL ASSEtS LESS CVRRENT UABILMES 1.455259 IA55.259 I￿4.377 PROVISIONS FOR uAJiimES 10 {145.546) {145.546) I1￿,991] NE[ ASSErs la09.713 IAOg.713 1.214.3&3 HJND5 Unre5tricled ftJnds IAOg.713 1,214.X3 TOTAI FUNDS IJ09.713 1.214,393 Th& financial slole en15 opFxoved by the Eoc¥d of Trustee5 rmd oulhc￿5£d lor s5ue ond were ¢xt its by. P Slocey- Tnjstee The rotest(xm fKyI of these finonool sloleTtEnts Poge 7 Notèsto the Flnancial Stalemerrfs tu the Yèar Ended 31 March 2025 ACCOUNTING POUCIE5 Basis of pr•wing the1Snancld sl¢rttmerbts The financial slatements ol the choTTty. wh￿h (s a Fxjbk tenefit entty ¢JndÈr FRS 102. hove been prepared in occordance with the ChoritEs SORP IFRS 1021 'Accounting and Reporting by Ch(￿lieS.. Stolement ol Recommended Procfte appricab￿ to chaiities Fxewring ther accounts in occordonce with the Finoncial Reporting Slandord appr￿ab￿ in the UK and Repubfc of ￿e￿nd IFRS 1021 leffeclive l January ￿191,. Financial Reporttng Standard 102 Yhe ffina4cpJl lieFKKling S+ondard oppFcab￿ in Ihe U< ap.d Pepublic of Irebnd and the ChorilEs Acl l. Ihe finoncial staterrEnt5 have I￿n KxeF>Jred Under the historicol cost conventDn. Incom• All income ￿ rec(ynised in the Slalement of FinancKJl Actiiqkies once the charrty has entit￿ment lo the funds, it ￿ probab￿ thol the income will be rec￿Ved oftd the omount can be measured rÈlably. Exp•n¢lkne abififies c¥e reccgnised 05 exFenditure as xx)n as there 15 a Jegal ry construclive obl￿allOn committing the charity to that expenditure. it is y0bob￿ that o transl& of econom￿ benefit5 will be required in sett￿m￿nI ond the an￿Unt of the oblgotion con tE meosured refu￿. Evn£￿ture is accounted foi on an accruab t(Jsi8 and hos tEen under headings thot aggregate all cost rebled to the category. Where costs cannot bè drectty otlribvled to hecxliros they have been alkxrjted lo act￿lI1￿S on a ba$6 consi51enl with the use ol rwurces. ranglkle fix•d 05sets Depreciotion Is F￿vided ol the foknmng or¢nual rote5 in c(der to write olf each o%5et over it5 estimoted Useful Ife. Fixtures and fittings Cornputer eqvipment I1￿ on c051 33% on Cost Toxoffon The Hilliets Aknshovses is nol reg￿l￿ed fcf Valve Added TaL In these financial slolemenls, where appsc0b￿, expenditure ￿ shown nclJsNe of VAT. Fund aceounlhg UnE5tThcted lund5 can ￿ vsed in oCcc￿donee 44thh the chc¥Itab￿ otiecllves al the discretion ol Ihe trustees. Restricted lund5 can onty be used IOT Fathcuky resfvrled purKX)se5 Wthin the objects ol the charity. Restrictions 0￿e when sr)ecffied by the don(x orwhen funds are rai￿1 for portcuk7rrestrbcled wrposes. Further exJanotDn ol the nature ond pvrFX)se ol ￿ch fvnd ￿ induded in Ihe note5 to Ihe financK21 stolemenls. Houslng wowlies These cye vakjed al cost. De￿￿eciation ts not charged in these occounts 05 due lo a high Fyoperty reskjuol value the chorge fcy the yeor and the accumubted de[￿￿tion (re imm.olerial on an aggregflte Ix$￿. The 8oard annu(11￿ revws Ihe nkilerialty ol hovyng desxecialion. The chc￿tY has, over a F8k)d ol yeots, teen urw(Jdng Ihe txJthrLK)fTS and kntchens. Due lo the 5ubstanlKJl Improvem￿1 invow in Ihe uwrading the costs ore included vnder Hou%ng Properties ond as such not depreciated due to immateri¢JSty. 11 on imEYoved kitchen or bathrwm is subsequenlty repbced thb Vvill be itten off lo the Income ond Expenditure account. Cycifcal R•pdrs HIl￿er5 Almshouse5 has eslobfj5hed o regvkjr Fxogramme ol cyclcol rep]ir5 ond maintenance. C0515 are chorged to the Revenue Account in the yecx Sn wh￿h they Ixe incurre conlinued... Noles lo th• ffnanck* Stal•ments- eordlnved the Y•ar Ended 37 M¢x¢h 2025 ACCOUNTING POUCIES . corrtlnved Houslng prop•rt1•5 Mqlntenonce ProJects Maintenance yqects unb5$ representing imK*ovemen15 to FXOFErties. (Te charged to the revenue accourlt in the year in wh￿h they ore incwed. Deslgnaled Re¥erves These ore reserves Set a5Kle by the Tiustees for Speci￿ Ivture tmjrwes and rxoiects. INVESTMENT INCOME 2024 De￿?￿t account interest Inveslmenl income 14.984 8.768 8.179 9.948 23.7S2 18.127 TRusfEES' REMVNERATION AND BENEFITS There were no trustees, remunerotK)n ry other benefits f(x the year ènded 31 VJl 05 these ossels ore used by the chority lo ils rxincipol octivity and no disrrt)$01s envisaged, the exce5S Is not quonh"fi￿. In tle yecr under lo end of March 2025, captal costs incvrred in cOnn￿t￿n wth crealK)n ol o new kJundry rcK)m and instolkjlon of a new water moin were odded to the cosl of the Fxoperty. DEBTOR&' AMOUNTS FALUNG DUE wmiiN ON£ YEAR 2)24 Prep(rymenls ond occwed incorre 6.592 5,952 CURRENT ASSET INVEsfMENTS 21Y25 X)24 Li51ed In¥￿*TrEntS 220,614 6.294 The Trusl did not Sel ani. inves1Th￿nts in the Ye￿ under revw and continue5 to hokj I.8￿ Charity Mulli Asset Fund Ilomwty NAACIFI AccvmukJtx)n Shares. IB(Jse c05t £66.XDI. CREDTrORS: AMOUNtS FALUNG DUE YIIIHIH ONE YEAI 24 Bonk kxjns orKI ovwdrolts (see nole 91 Other creditors 7.3￿1 6,815 Tl.420 11.420 14,165 LOANS An anatysts ol the mlurity of h)ons 15 gTrtsn bek)w. 2025 2)24 Amounts follng due ￿thIn one yearon derrKJnd: Bank k)ans I,3￿) Page 10 continued... Nole$to Ihe FlnonclaT Stolemetts- conllnved r tho Y•ar Ended 31 Mor¢h 2025 10. PROVISIONS FOR UABiunES 24 Investment revakjalion rewve I45￿6 139.994 MOVEAIFNT IN FUND5 Nel movement in funds Al 31.3.25 Al 1.424 Unr•slrfcted lunds General lund D￿gnated Fund5 1214.383 I￿).722 14.792) 1.314.505 (4.7921 1.214.383 95.330 1,309,713 TOTAL FUNOS 1.214,383 g5.J30 1.309.713 Nel movement in fvnds. included n tho otK>ve (Te 05 fokn*s.' Incorning resource5 Rwurce5 expended Movernenl in funds Unreshlcted lund5 General fund Designated Fvnd5 284.738 (184.4161 14.792) l(Kt.722 14.7921 284.736 [IB9.406) 95.330 TOTAL FUNDS 284.738 1189.4081 95,330 C¢)mptyallves lor movement In fvrKIs Net movemenl in lund5 At 31.3.24 AI 1.4Y3 Unreslth fvnds Genaral fund De￿gnated FutKIs 1.066,&89 824 47. 99,617 1.113,942 100.441 1,067,413 146.P70 1.214.393 TOTAL FUNDS 1,067.413 146.970 1.214.383 Pagell conlinved... N*)tes lo lh• ffnancial Stal•ments - ¢onlinv•d the Year End•d 31 Mor¢h 2025 MOVEMENT IN FUNDS . conHnued Comp(rative nel movement..n funds.:.nc￿ded.,n ts a￿0ve fye a5 fol1x￿.. Incoming rÈsoLffces Re50urce5 ÈXFEn(Jed Gains ond Movement in funds Unreslrfcted lunds Generol fund Designated FurKJs 246,257 99.6J7 1176.5541 47,353 99,617 345,874 1176.5541 I223￿} 146,970 roTAI FUNDS 345.874 1176.5541 (Y2,3￿} 146.970 A current yeor 12 Tr￿n*h5 and yecr 12 months comi*ned FX)511KJn s as folk>ws: Nel movement in funds Al 31.3.25 Al 1.423 Unr•5trfcted lunds General fund Designated Fund5 1.066.589 824 147.475 94.825 1.214.064 95,649 1.067.413 242,3C¥J I,XP.713 TOTAL FUNDS 1.067.413 2423 1.3(Y),713 A currenl yeor 12 months and F¥1￿ year 12 rTh)nlh5 corrtjy￿d nel rrK)vem&nt in funds. Included in the obove rxe os folbw5.' Resources èxpended Goins ond k)$5es Movement ITr funds resources Unreslrfeted fvnd$ General fund Deswanaled Funds .995 99.617 1361.1701 14.7921 122.3501 147,475 94.825 6X).612 1365.9621 I22.3￿)) 2423fJ) TOTAL FUNDS &30.612 I3￿.9621 I223￿) 242.3C() Page 12 continued... Nol•sto the Rn. lransoclK)￿S fr￿*he yecr ended 31 Mcrch IY2¢ c¥ f24. DESIGNATED FUNDS Within uNestricled furKls i% a txjknnce wh￿h the trustees deem lo be D￿gnated funds; the ￿￿nce ol whtch stood at ￿36 0+ 31 Idcrch ￿25 IV24.. ¢441 l. The DeS￿nated fU￿d has bE&en Creat￿ by the tfusI@es lo illustrote funds recaved from donalions wh￿h (we desKJrKJted l(x activitie5 lor the entertainrnenl of re%dents. In addition, the former chor ol trustees. Wjureen FKbberd. who sadty possed away in January I>24. v génerousw beqvealhed a donolion ol £l(K).(MJ) to the ch(x1￿ with the exyess w￿h that the monie5 be used lor a lasting ￿acY by buikjing an (xangery. lo be nomed Ffibberd's FtKYÈtsw(ry (Y some other capital ctssel.. according￿. the trustees have deerned an e￿[￿nI of Urffe$l￿Ied fund5 Qs Deggnaled funds lor oppropriale lulure expendstv."e. Poge 13 Detvded Slulement ot Flnanelal Aclivi forlhe Yeor End•d 31 March 2025 25 2024 INCOME AND ENDOWhlEN15 Invèslmènt Incc*me Deposit account intuesl Inveslmenl irrome 14.984 8.768 8.179 9,948 23.752 18.127 Chofftoble aclivihes Rental Income Voids & notice period5 Guest Ik)t Regdenl fund income Insurance ctrJYn Pboceeds Donalh)ns 258,304 13.677) 234.386 17.4911 1,235 13&31 ?5 100.r 210.9 327.747 Told Incomlng resources 284.738 345.874 EXPENDITiIRE Ch￿Ilable actlvt15es Worden S(KKJI security Insurance TV bcences Sundrie5 Worden call E*lricity Ga5 29.020 1,094 .3,942 26.&85 981 3,890 2)4 245 2235 15,187 13.066 3,230 1697 8,728 L 11 Woler Cleaning Gcrdening Muntenance charges ResKlents enlertoinmenl Training c051s Depreoolion of tangib￿ fixed assets IZ545 691 1449 61.864 10.412 1,539 1.563 65.3)6 339 320 2396 95 2,396 154,670 144,468 Svpport cosls Managemenl Clerk & Finonce officer Telephone IndeFendenl ExonNnerlee5 Clerks experses Subscriplv)ns 27,932 2.551 2.720 135 26.188 2,142 2.568 705 413 32.016 Th& FKJge p.ot fixm wt of tha slolulcry rmc￿Cnl stoternents Page 14 Ddqlled Slutement of Flnan¢ld Adlvllies the Y•ar Ended 31 March 2025 25 24 Managemenl ￿na￿e Bank chorges 70 Total resource5 expended 189,408 176.554 Ndlneom• 95,330 169.3 Thi5 page doe5 not foryp. FKZI of Ihe 5tatL':w finm¢i]I slalemenls Poge 15