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|---|---|
|Governors’Report|1|
|IndependentExaminer’sReport|6|
|StatementofFinancialActivities|7|
|BalanceSheet|8|
|NotestotheAccounts|9|
|Thefollowingpagedoesnotformpartofthestatutoryaccounts.||





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||Note|2025|2024|
|---|---|---|---|
|||£|£|
|INCOMEFROM:||||
|Charitableactivities<br>Maintenancecontributionsfromresidents<br>Investments<br>Other|5|190,329<br>32,346<br>2,815|186,548<br>30,020<br>3,415|
|Totalincome||225,490|219,983|
|EXPENDITUREON:||||
|Charitableactivities<br>Maintenancecosts<br>Services|6|118,289<br>109,620|56,107<br>108,375|
|Totalexpenditure||227,909|164,482|
|Totalincomelesstotalexpenditure||(2,418)|55,501|
|Netgainsoninvestments|i1|79,588|24,602|
|Netincome||77,170|80,103|
|Netmovementinfunds||77,170|80,103|
|Reconciliationoffunds:||||
|Totalfundsbroughtforward(unrestrictedfunds)||1,015,186|935,083|
|Totalfundscarriedforward(unrestrictedfunds)||1,092,356|1,015,186|





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|||||2025|2024|
|---|---|---|---|---|---|
|||||No,|No,|
|ThenumberofGovernorsatthe|yearendwas:|<br>-||9|10|
|Employeeinformation||||||
|||||2025|2024|
|||||No,|No.|
|Theaverageweeklynumberof|persons|||||
|employedduringtheyearwas:|-|||||
|ManagerandCleaner||||2|2|
|Staffcosts||||||
|||||&£|zZ|
|Wagesandsalaries<br>Pensioncontributions||||31,783<br>874|31,282<br>820|
|||||32,657|32,102|
|Noemployeeswerepaidinexcessof£60,000||perannum.||||
|Investmentincomereceivable||||2025<br>&|2024<br>£|
|Bankdepositinterest<br>Listedinvestments||||3,262<br>29,084|4,199<br>25,821|
|||||32,346|30,020|
|Charitableactivities||2025||||
||undertaken||Governance|2025|2024|
|||directly|costs|Total|Total|
|||£|£|&|£|
|Maintenance<br>Services||118,289<br>105,331|-<br>4,289|118,289<br>109,620|56,107<br>108,375|
|||223,620|4,289|227,909|164,482|





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|Governancecosts|2025|2024|
|---|---|---|
||£|&|
|Independentexaminer'sfee|3,360|3,360|
|Trustees’expensesandinsurance|929|904|
||4,289|4,264|
|Independentexaminer'sfees(includingVAT)|2025|2024|
||&|£|
|Independentexamination|3,360|3,360|
||3,360|3,360|



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|Fixedassets|||||
|---|---|---|---|---|
||Ereehoid|Office||Total|
||Housing|Equpment|||
||£|&||&|
|Cost:|||||
|Atbeginningofyear|483,427|7,ALI||490,538|
|Additions-WaterMain|94,459||-|94,459|
|Atendofyear|577,886|7,111||584,997|
|Depreciation:|||||
|Atbeginningofyear|335,788|542||336,330|
|Chargefortheyear|11,782|1,422||13,204|
|Atendofyear|347,570|1,964||349,534|
|Netbookvalue:|||||
|Atbeginningofyear|147,639|6,569||154,208|
|Atendofyear|230,316|5,147||235,464|





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|il.|Fixedassets-listedinvestmentsatfairvalue||||
|---|---|---|---|---|
|||2025|2024||
|||&||&|
||Investmentsatfairvalue<br>Atbeginningofyear<br>Additions-investmentincome<br>Withdrawal<br>Netinvestmentgain|679,144<br>29,084<br>(175,000)<br>79,588|628,722<br>25,820<br>24,602|<br> <br>-<br>|
||Atendofyear|612,816|679,144||
||Extraordinaryrepairfund:investmentsatfairvalue||||
||M&GCharityMultiAssetFund(AccumulationUnits)||||
||5,609.453unitsheldatthebeginningoftheyear1261.048soldDec||||
||6thleaving4348.405unitsatyearend||||
||Formerly:TheNationalAssociationofAlmshousesCommonInvestmentFund|612,816|679,144||
||Investmentsatcost<br>Atbeginningofyear<br>Withdrawal<br>Additionsduringtheyear|485,209<br>(115,617)<br>29,084|459,389<br>25,820|<br>-<br>|
||Atendofyear|398,676|485,209||
||Costatendofyear<br>Extraordinaryrepairfund|398,676|485,209||
||Gainoninvestment<br>Netinvestmentgain|79,588|24,602||
|12.|Debtors:amountsfallingduewithinoneyear||||
|||2025|2024||
|||&||£|
||Prepaymentsandaccruedincome|15,408|6,488||
|||15,408|6,488||
|13.|Creditors:amountsfallingduewithinoneyear||||
|||2025|2024||
|||&||z|
||Othercreditorsandaccruals|12,906<br>12,906|3,698<br>3,698||





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|Unrestrictedfunds|||||||
|---|---|---|---|---|---|---|
|||General|Designated|Total|Total||
|||funds|funds|2025|2024||
|||£|£|£|£||
|Atbeginningofyear||93,986|921,200|1,015,186|935,083||
|Netmovementsinfunds||77,170|-|77,170|80,103||
|Transfer||47,294|(47,294)|-||-|
|Atendofyear||218,450|873,906|1,092,356|1,015,186||
|Designatedfunds|||||||
||Extraordinary||Social||||
||repair|Development|housinggrant|Total|Total||
||fund|fund|fund|2025|2024||
||£|£|£|£||£|
|Atbeginningofyear|679,144|129,489|112,567|921,200|852,479||
|Transfer|(66,328)|19,034|-|(47,294)|68,721||
|Atendofyear|612,816|148,523|112,567|873,906|921,200||



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