REGISTERED CHARITY NUMBER: 201542 udl d Flnan tfrm•nts Utt•rnon• Alm•hou• Monahans Charted Accountant 143 Forèst Gats Pewsham Chippenhom Willshire SN15 3RS
Mts Uttersons Almshauses Contents of the FlnancSal Ststements r E ded 31 December 2024 P• Chalf$ R•port R•port of the Truste94 2 to 3 Ind•pnd•nt Exam13 R•port st•tern•nt of FlnanGlal Actfvltlo• B•tonc• Sh••t Notos to the Flnanclal Stat•monts 7 to 13 D¢tsll•d Ststom•nt ol Fln•n¢lal Actlvltl 14
Mrs Uttètsorts Almshous Chalrfs Re for th• Yèar Endod 31 Dèetsmf 2024 Thg Tru$leg$ hold four Ordlnary moelngs durfng thè year. Fr. Benll Tyler was #ppolnled an offlcto Trusiee on 201h August 2024. follovAn9 his appotntment 8s Parish priest al St Andi•vls Church, Chlppenham in ApTJI. We began the process of replaang three Twstees". Eileen Yates, Rithard Spencer (Clerk) and Jenny Norris (Chair and Trèasurar). whosè letm of office LX)me5 to an end in November 2025. Richard Spencer and Jenny Norri5 attended the Cirenceslei Joint Almshouse Charity R¢gion¥l Meeiing in Cirencesler on 20th October 2024 Fr B8nll att8nd8d Amshouse wa Course In Sall$bury on 2181 November 2024. The programme of m4inlenan¢• and ranthY41 o)nllnued thaOut the year. All th• boilers 8rn n¢w being 8erviced by an approprialo John Williams Care Plan. The 5 yearly electrical inspactions whlch wa$ In 2023 w45 PErfom]ed Sn Febrnary 2024. Th• annual r8VI oflh• Charftys long-lerm finances in 2023 1ndlt8d thal an Incr&ase in the Maintenance contribulion of 5•A was required wth elfect from 1st January 2024 to ensure Ihal adequate funds are Available to me•t th8 cosl of future cydic maintenance and extraDTdinary repaiT items. Tho Tfusle&s wfimi that th have had due regard lo the CharSly Commission General Guidanc• on Publlc B•n•fil, particularty when rewewng the Chanty's alms and oblectlves lor the year. l am grateful to my fellow Truslees frjr all IhelT hard work and support durSng lh• yèar and lo th& R•sidents for thair ffigndshlp and in helping lo maintain the Amshousas and grounds In good ord¢r. J Norrf• Chalr Pag• 1
Almshouses Re forthe Year Ended 31 Tho Irvstees present their report and financial slalernenls of the charlty for the year endad 31 Decanber 2ff23. The Irustees have adopted the provlsions ol Ihè Stat8mÉnt of Recommended pdICe {SORPI 'Au1[9 ¥nd Reporttng by Charitses. (FRS 1021 in preportng the annual reptsrt arxl statemènts ofthe drity. The financial statements have been prèparèd in accordan¢8 wlh the accr#Jnting policAes s81 out In notes to the accounts and comply wth the chartty's goveming document. the Chariltes Ad 2011 8nd Accounting and Reporting by Charill•s." Statèmènt of R$ctsmmerhded Praclice applicable lo charities preparing Iheir accounts in ¥wdan¢e vAth the Flnancial Reporting Sland?Td applicable in Ihtr UK and Republic ol Ireland published in October 2019. OBJECTIVES AND AcfiwnES ObJ•ctive8 and aims The provlslon ol Almshouse gw)mmodatlon tr benefld•ies In tho Chlpp8nh&m and Norfh Willshlrg area. ACHIEVEMENT AND PERFORMANCE Charftable a¢UvltigB The chaity manages fv• alm$hw•fj$ lor elderly ro$ldents In Chlpp¢nh•m. FINANCIAL REVIEW Prln¢lyl fundlng aource Most ofth8 charlty's Incomo Is derf¥¢d from malnten8nce ryJntrlbulion$ frc*m roslt1•nl8. Invastment policy And obl•cdv•• Tho charSty hold$ invg$lmgnls vjtth COIF. M&G 8nd 818ck Rttk. R••errfe• pollcy The charity holtJ8 free r•serv8s of £70,552 (2023.. £89,8S91 which Ihe tWU51ees regard as sufftlenl lo enable Ihem to continue lo operate. Funds lolalllng £82,23212023'. £42,003) have been set aside by the Tru8iee5 as designated lunds for the pu05e5 ol ensuring Ihe maintenarKe and upkeep of th• Almshw$• o¢xommodats'on. Furlhor d•lo11s c4n b8 found In the not¥s lo the aeeounts. STRUCTURE. GOVERNANCE AND MANAGEMENT Govemlng document The charily18 controlled by118 govemlng document. • deed of trust •nd c43111tets 8n unlncorpor8led charfty. The chartty is aet up by a $¢h•m• dale<J 1 D8¢•mb•r 2009. Rlsk manag•mont The truslees hav• a duty to Id•ntlfy ond r•vl8w th• rf8k8 to which the is oxposad and to •n•ure appropnate contro18 ar• In place lo provlde rgoswoble 98$uran 09gln81 fraud 8nd error. Publlc beneflt The tru8lees rLsnfirm that they have had due reg8rd to the Chariles Commi$$lon'$ gener81 guidance on publlc nOfft. partiGulady when rewewng the tharitys aims and obiectlves forthe year. REFERENCE AND ADMINISTRATIVE DETAILS R¢gl$t¢r•d ¢harfty numbor 201542 Prfnclpal addm• 4. New HDU5e¥ Lowden ChIprth#M W1116hlre SNIS 2BN TrustEB Mr Rich81d Spencer MTr Jenny Norris MTS Eileen Yates Cllr Mrs Jgnnifèr Budg•ll Mr Michael Sivewrighl Mr P8ul J8m&s Rev Fr Benji Tyler (apFointed 20.8.241 Pagg 2
Mrs Utterson$ Almshouses R• ort oftho Trust••s forthe Year En 24 REFERENCE AND ADMINISTRATIVE DETAILS Independent Ex*mlnor Simon COoT Monahans Chartered AceoLtnl8nis 14a Fofest Gate PewshBm Chippenh•m Willshire SNIS 3RS Banker¥ Lloyds Bank plc 29 High Street chiPnhaM Wlllshirè Approved by ord8r ofihw board (rftrLsslea8 onl.p.p.......% and Signed on it8 bohaff ty. MrB J•ftny Nornis- Trnfysl• Puge 3
Inde ndent Exarninerfs Re ort to the Trustees ol Mrs Uttersons Almshouses Independent examinerfs reportto the tTUStee5 of Mrs Utternons Alm8hou8e8 I report to the chanty truslaes on ffly examinalion of th8 accounts of Mrs Uttersons Alm6house8 (ihe Trust) for the year ended 31 D•combèr2024. RponsIbIlItIe% and ba$1¥ af r¢port As the ch¥rrly Iruslees ol lh¥ Tfust you are Tesponsible for the preparation of the aoxjunts in acxxwdance wtth the requirements of Ihe Charities Acl 2011 Ph8 Acr). I report in re5PECt of my examination of the Trust's accounts carried oul under Sectlon 145 of the Act and In carrying out my examinaliDn I have followed applicable DiMclion8 given by lh& ch811 Comml$slon und•r SOn 14515llbl of th IndepoThlent ex•mlMrf¥ 8tst•mènt I have completed my examination. l confimi that no moterial matters have come to my ailention In o)nne¢Uon with the examin8tion giving cBuse lo b•ll8v8 that in any material respect.. accounting records were nol kept in respect ol the Twsl 8$ f•quired by Se¢tron 130 of the Ad.. or the aoUntS do not accord wtlh thosè records." or tho accounts do not comply wllh th& applicable reqviremenls concemlng lh8 fom) and cont•nl of a¢nIS set out In th9 Charill•8 IAccounl8 and Reports) Rogul•llon$ 2008 olh¥r th8n ony requiromenl ltrwl th¢ awJunts givo Irue and laif view whieh 18 not a malterconsidered as part of on independenl examinalion. I have no ¢oncwn$ and hov8 corne across no other matters in cgjnnedion Vth the ex8min8kn.on to whKh attention SIUld be drawn in this report in older to enable a propor und6rslandSng oflhe 4¢o)untg lo b¢ reached. Simon Cooper Mon8han$ Chart8r•d Acc4untint# 140 Forest Gate Pow8h•m Chlpponhgm Wiltshire SN15 3RS DAi¢.....io.... APa........L P8ge 4
rsons Almsho tatemènt of Financial Aetivitie 2024 2024 Tot81 fvnd 2023 Total fvnds UnreslrfL#ed fijnds Re$lrtctgd fLtnd Endowm8nt fund Notes INCOME AND ENDOWMENTS FROM Charitable acvItieS Pm¥lsitsn of a¢moallon 21,716 21,716 20.400 Invpstmenl income Totsl 26.809 28.809 25,234 EXPENDITURE ON Charftable acllvltJ•s Provision olaccommodatlon 20.308 Not 9alns on Inv•JlmeTrts 457 878 NET INCOME 17,922 878 18.800 9.769 RECONCILIATION OF FUN03 Totol ftbnds broughl fomard 887,882 38,8e6 728.728 716.959 TOTAL FUNDS CARRIED FORWARO 705.784 39,744 745,528 728,728 The notes forn part ofthese financial staterner Pa5
rsons Almsh lance She l Drtèm r 2024 2024 N¢)te8 FIXED ASSETS T8ngible assets Inve51mènt$ 573.000 1.964 576,000 129.448 729,964 705,448 CURRENT ASSErs Debtors Cash * bank 1.243 16.195 579 22.432 17.438 23.011 CREDITORS Amounts falllng due VthIn on• year 10 (1.874) {1,7311 NET CURRENT ASSETS 15.584 21280 TOTAL ASSETS LESS CURRENT UABIUTIES 745.528 726,728 NET ASSETS 745,528 728,728 FUNDS Unre81r1ed funds Endowment funds 12 705,784 39,744 687.862 TOTAL FUNDS 74S.fJ28 726.728 n¥81 191•gwnts w•r• approv•d by the Board of TNsiees 8nd aylhorfd for iULtè •nd Te slgned on11$ beholf by: Mis Junny Norrl$ - Trustee The notes form part ofth88è finandol ststemonls Page 6
Mrs UtteTron$ Almshousgs Notes to the Flnanclal Stst•m4nts forthe Yea Endèd 31 Dec ACCOUNTING POLICIES Basls of prnparlng the financlal statements Mrs Uttersons Almshouses Ss an unincorp(xated ¢tharity regislered in England and Wales. The address of th• 161ered office is given in the referen and administrativ8 Infomiat(on on p8ge 2 of the finanual statemenls. The nalure of the Chart$ operations and pnnrlpal a¢tiwti88 are inrjuded within Ihe Trustw Report. The charfty nStituteS a public benefil entity as defined by FRS 102. Th• accounts have been prepared In a¢rd$ne Acwunting and Reporting by Ch8rilie8.' Statement OT Recommended Pfact1 applicable to charilies preparing thèir accounts in accordance wlh Ihe FInanOI R¢porting Standard applicable in the UK and Republ1¢ of Ireland IFRS 1021 issued in Ociobei 2019. the Finanaal Reporting Standard applicabl8 in tho UK and R$publi¢ of lieland {FRS 1021, the Ch4rilles Ad 2011 and UK Generally Accepted Practk. The financial slaiements have been Prepared to gNe 8 lrne and faif ¥1 and have departed from th8 Charilt•8 (A¢count8 3nd Reporlsl Regulations 2008 only to the extent requlrod to prowde 8 'lNts and lair Thbs departLJi8 ha$ lrtvolved lollon9 lh• A¢untIng and Reporting by Charities. S¢glem8nl of Recommended Pfaclice applkable lo ¢hAnties preparing their occoun¢s Sn 8c¢ordance ¥thh the Finandal Reporh'ng Standgrd 8ppllcable In Ihe UK and Republic of Ireland IFRS 1021 Is$u8d Sn Oc¢ob$i 2019 r81h8r than the Ac£ountsng and Reportin9 by Chafltl•$.' Stsl•m•nl ol R¢¢omm•n(led Proctice effective from 1 Aprfl 2005 has since been Ihdrawn. The 8e£ounls h8v8 been prep8Ted on a ooing c4Jncem b88is under the hlstorfcal ¢051 convention. modlffi•d lo includ& ¢&rtain rtems 811gi¥ value. The 8¢¢ounls ¥re pre¥¢nled in sleding which Is thg fvnolional ¢urr8n¢y of Iho charity and rounded lo th• nearnst £. Incom• l incomlng rosoU•S 8re lenISed In the Slatemwl of Flnandal A¢thitt688 tho ¢horlty1s leg81ty entrflv lo the Inrne after any performance eonditson8 ha been met. it 15 probabl¥ trTr81 the income will be rec8lv8d and ihe amount can bè measured reliably. In(xmlng rgsource8 from ¢h8rftBble othllles Tepre$enl4 malnl•nanc4 conlrlbullon8 reIVed from rn8ld•nts and 1$ r•¢ognised when enlillemenl ha¥ QLurred. Investmont Incom& li •am•d through holdlng as11 for Inveslmenl purpo88s 8uch 8$ •h8r•s. 11 kndudes d4w'd•nd$ 8nd Inter&81. Where 1118 nol practicable lo Idenllfy Inv8Stmvnl management co$ts incurred ¥thIn scherne vAth reasonable accJJiacy the invastrn8nl Incom• 1$ reported nel of these costs. 11 Is Induded when tho amount can be measured reliably Interest Income Is reLyJgnised using the effedivo inl&r•81 melhod and dlwdend Income is ie¢ognised as the charity's riuht lo receNe payment is •stabllshad. Expendlturn Liabllttiès ar• r•cognised 08 e¥pendllur• 86 loon a$ there 1$ a Itgl or conslrucliv• oblig8Jon ¢ommitUng th• charfty lo that expendlturg. It 18 probable that a transf8r of 8conomSc b•n•fil$ will be requlred in s8tt1om8nl 8nd the •rnounl of Ihe obllgalion Can bè measur8d rellably Exptsndllu is accounted for on an ar31$ basis ènd has been classified under he80inus 1hg18ogfgg8le ell cost related lo the cat8gory. Wh&re wslB nn9t be directly altrfbuled to pxrtiwLar headings they hava beèn alkJcatÉd lo a¢bvitses on a basis consistent vAth th• use of resourc88. Mr5 Ullgrson'$ Alm$hou808 Is not rnglstered for val Added Tox 8nd th•r•for• Wre 8pplk8ble expendtture lo ¥hown indu8ive of VAT. Txnglble •¥$ets Tanyrble fixed assets are stated al cost lor deemed costl less a¢rJJmul&ted deprethation and acMu[#1e impaimi8nl losses. Cost Indud•s $ts threcuy 8ttbUt8ble lo Man9 Ihe asso1 capablo of operntirvj a$ Inlended. Mrs Utterson's Almshou8•$ w•r• construcl•d In th• Lgt• Nln•l•enih C•nlury. 11 was considerad ihat they hgd 8 value for Insurance purpo80s of approximalely £600,ofM) in Ihe year ended 31 Decemb81 2015. This value has been us¥d as th& dgemtrd cost of the propw¥b"os ¥$ 811 J¥nugry 2015. this being the date of Itansilion to the SORP {FRS1021 Property is depreciated on a straight line bas15 over 200 years. Houslng As60oation Grant fundlng was roc81d lovrdrds Iho ¢ost of thg developm8nl and th18 L8 repayable under certain dfcumstance, primarily following Ihe sale of the property, bul this wll nomially be reslricled lo the net proceeds of sale. A contingent liability has been induded vAthln the accounts io reflect a potenlial liabllty of repayment were the propetyto be sold. Thern are 5 units of hou¥ing in m4nagemenL Pag• 7 ¢ontlnued...
IAr5 Uttersons Almshouse5 Notes to the Flnanclal Stst•m•nts- eontinu for Yr nd ACCOUNTING POUCIES- conllnued Tan9lbh Invèstmènts Investments a recognised initially at fair value whKh IB Th)mialty Ihe transadion price exduding transaction costs. Subsequently. they are measured al fair value th changes recognised In 'net gains l {1055esl on investments, in Ihè Statement of Financial Actiwtlos 11 th• sh8r•$ aro PLsblldy tradèd or Ih8lr f8lr value can otherwise be m8asured reliably. Fln#nclpl Instruments The charity only holds bastc finanual Inslnjmenis as defined in FRS 102. The )In8nrA818ssets and fin8n¢lo1 li¥bililies of Ihe charity and Iheir measurement basis are as follo.. Financial osso - prop8ymenls ¥rg rv)11kngndg1 in$lwmwt$. - 1$ da$8th•d as a b•81¢ finandal Instrumenl #nd is measured al lace valu•. - accruals are flnandal in8trumen18 and aro m8a$urod 01 gmorfl¥ed cost at d8talled In note 9. Taxatlon The chanty Is an exempt charity wlthln the meanlng ol $¢hedule 3 of Ihe charib.es Act 2011 ond 1$ nsId8d lo pass the le816 set out in Paragraph 1 Schedule 6 Finance Acl 2010 and Iher8fofe il meets the deffinllion of • chuiilabl? cornpany for UK COTporatton t•x Pu0$e$. Fund #¢¢ounVng Urtreslricted funds can bo used In ¥ccordanu th lh• ch81itable objectives at the discr•llon olthe trusleey. Restricted funds can only be used for particular reslridod purpos•s Mlhin the objecls of Ihe chartty Reslri¢llon$ arise when specified by tho donor or %th8n fvnd$ are ralsed for partii#Jtor restrfcled purpose8. Endowmenl funds r¢pre8enl thoBg Ossels whlch must be held ponn8nenlty by the Charfty. IrKome arfilng on lh• endent frjnds can be used In cctsid•n¢a wlth th• obloct8 ol Ihe Larily and 18 Includ•d as unrestn'ded Inrn. Any ¢apllal g¥ln$ or 10$898 arfslng on th¥ Inv•$lm&nl$ fomi part of the fund. Inveslmenl manogement charg•8 and legal edvice relabng lo the fund are charged agalnst the fvnd. Further wAplanallon ofthè nalur• and Purpo of each fvnd Is induded in the notes to th8 flnanctol $1otements. Cycllcal r•palrn And m•intrnance Mrs Uttérson'$ Amshou8¢s has e$14bll$h•d • re9ulor pro9ramme of cycllcal re1 #nd m•lnt•nance.
re charged lo Ihe Revenvo Account in the ytr8r In which they ar? incurted.
Goln9 concern The accounts have been pfepared on a going ojncem basis as th& Iruslèes believe that no mat8rial uncertainties 61. Th8 trustees have n5¥dered the level of fur$ held and the expectèd lÈva5 01 income and exp8ndilurè for 12 morhlhs from aullsorisirtg th8se financial $lalemenls. The budgeted incom• and gxpendllufe 1$ $uffirAent with the level ol res¢rv¢$ for the chorily lo be oble to Gontlnue as 8 goino ¢oncefn. INVESThIENT INCOME 2024 2023 Invostm•nt Incomg 5,093 Pap8 continued...
rs Uttersons AlmshoLe8 No FlnancTal Ststèm8nts- conttnue orEn ember 2024 forthey CHARITA8LE ACTJVITIES COSTS Svpport cosis (see note 4) Difeci Costs Tots15 Provision ofaccommod¥tion 7.603 1.741 SUPPORT COSTS Govemance co$ Provlsion of accommodabon 1.741 TRUSTEES. REMUNERATION AND BENEFITS Th• charity ¢on$ld•rs key mAnagemonl per%Jnnel ryjfflprisa tffj8ttè8. There no tru8toes' r•mun0raon ofolher nerS for th• year ended 31 December 2024, nor th• Or ended 31 0Mr 2023. Tru8ttt8' expèni There were no 1rn181w' expjnges pald for thtt year entsd 31 D•cemt•r 2024 nor for thfj y•ar ended 31 D8c•mbor 2023. No Iru8tse8 (2023: nlll Wef• r•lmbursed for trnvel #nd sub8l$l•nc• exp•n5 In 202412023.. £nlll. COMPARATIVES FOR THE STATEMENT OF FINANCIAL A¢TivmES Unrestricted Reslrieted fund8 fun¢J Endovm)enl fvnd TotAI fvnd8 INCOME AND ENDOWMENTS FROM Ch•rltsbl• •ctlvlV•• Provisl¢n of $CMm9daIlOn 20.400 Inveslmenl income 4,834 Total 25,234 25.234 EXPENDITURE ON Ch•rltsbl• actlvltl•s Provision ofaccornmodation Nel g8ln8 on Inv•8tment8 1.522 3,321 NET INCOME 3.321 9.769 RECONCILIATION OF FUNDS Total fund5 broughl lorward 681,414 35.545 716.959 TOTAL FUNDS CARRIED FORWARD 887.882 726.728 Pa9 conllnued...
Utternon¥ Alm Notès to the Financial Statemen for the Year En nu TANGIBLE FIXED ASSETS Frgahold propety COST At 1 January 2024 and 310ec8mber 2024 000.000 DEPRECIATION At 1 January 2024 Ch8rg• for year 24.11)0 At 31 Dec8mber2024 27.0(10 BOOK VALUE At 31 DerAmber2Q24 573.0 Al 31 De¢ember 2023 576,C Mf8 Utt&r8on's Almghouses were con8tmd8d In Iha 18ta Nlneteenth Century. 11 w88 considered th91 Ihey had volue frjr Insurance purFQ5¢5 of 4pprgximately £600,IJ)O in the year onded 31 Dec8mber 2015. This value haB been used as the de•m•d cost of the properties as al l January 2015, this being lh• date ol tran8ilion lo lh• SORP IFRS102). FIXED ASSEf INVESTMENTS Unlisted Inve$im8nls MARKET VALUE At 1 January 2024 Ad¢Jition$ Revaluallon8 129.448 26,181 Al 31 D•eember 2024 156.984 NET 8OOK VALUE At 31 Dmber 2024 156,964 Al 31 Decgmbgr 2023 129,448 Ther• wer• no InvlMnI assets outslde the UK. Inve8imenta am represenled by. 2024 2023 COIF Ch8rfI88 Inveglmenl Fund Ch¥Tity Mulli As1 Fund BLK Charlth'eB UK Bond Fund A A¢¢ 39,744 64.838 S2,382 62,736 27.847 1,964 129.449 Inv¢8lmenls ar• stated at market value, 1.•. falr value. The fair value ol inveslrnent8 rs dolernined by f•ler•n¢• lo the quoted prfca lor Iden¢9109SeIS In an 8cIIv8 markel 81 the b819n $h9et dotg. P¥ge 10 r4ntlnued...
Mrs Almsho No the Finan Onnue forthe Year End•d 31 D•c•mb•r 2024 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2W23 Trade debtors Prepaymènts and ac£rLwd income 15 1,243 1.243 679 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 AccFued expenses 1.674 1.731 Deferred Incom• r•lales to malntenanc contrfbullons rec•lv•d from r•sld¥nts In advance 11. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2024 Tolal funds 2023 Unreslricled fvnds Restricted fvnd End(Mm•nt ftsnd funds Ffjxed assets Investments Currènt 865tr18 Current IlablliU•s 573.rMJ 117.220 17.438 11.8741 573.000 156,9S4 17,438 11.874) 576,000 129.446 23.011 11,731) 39,744 705.784 39,744 745.528 726,728 12. MOVEMENT IN FUNDS Nel movemént In funds Tr¥n6fern b•tween fvnds At 31.12.24 Al 1.1.24 UnY•trl¢tod fund• Gener81 lund Cy¢lic41 Mointenance Revaluats'on Reserve 114.974 42.c3 530,885 22,084 11.39T) 12,765) (21,6261 21,626 115.432 62,232 528.120 7,882 17,022 705,784 Endowm•nt fund• Pemi8n8nl Endowment 878 39,744 TOTAL FUNDS T26.728 18.800 745.528 Nel movemenl In fund8, Incaud•d In th• •bDv• •r• as follows.. Inc>)rning resourc4s Resources expandèd Gains and 1055es Mtsvement in funds Unrgstrfctsd lund¥ G•nero1 fund Cydical Maintenance Revaly4llon Reser¥e 26.809 15.182) 11.397) 12.765) 457 22,084 {1.3971 (2.7651 26.809 19.344) 457 17.922 Endowment funds Peartent EndowTnent 878 878 TOTAL FUNOS 26.809 19.3441 1.335 18.8(L) Page11 ¢onlinued...
Mrs Uttersons Alm Notss to the Financial Sts ment8- ntinued 12. MOVEMENT IN FUNDS- ¢ontlnLwd Compar•tl¥es for mov•m•nt In fvndB Net movement In fund$ Transf8rs betsv8en funds At 31.12.23 At1.1.23 Unrnstrlct•d funds General lund Cyclleal MaintanarKe Rwalu8llon Ros¢rv• 113,452 34,312 533.650 11,631 (2.4181 12,7651 110.109) 10.109 114.974 42.003 530,8B5 881,414 8.448 687,862 Endowmènt funds Pennanènt Endowm1 3.321 TOTAL FUNDS 718,959 9.769 726,728 ComparatvR net movemenl in funds. induded in the above are as follv•M'. Incomlng re3ource8 R&soLrr¢es expendad Galns and los$e$ Mtsvemenl In funds unrtrI¢l*d fund• General fund Cydi¢al Malnlen8nce R•valualion Reservo 25,234 (15,125) (2.418) (2.765) 11,831 12,4181 12,7851 26,234 (20.308) 1.622 Endowment fund• Penn8nenl Endowmenl 3,321 3.321 TOTAL FUNDS 25,234 (20.308) 4.843 Cy¢ll¢•l Malntenanco Fund ICMFI A de8ign#led ieseNa for both malThten8nce ocujrrtng 81 rngular InleThals (but nol annually) and firturn maintenance expendilvie as identified in the As1 Managemenl Plan (AMP). This covers all cyd{l maintenance and long8r temi expendilure including. lor example. rè-roofing as well 88 periodic replacemenl of kilchens and bathrooms. Wilh thls In place the tnte85 do nol See Ihe negd for por81e fund$ for 'improvement8 lo propertl or'exlraordinary repairs.. Fubjro conlrfbuts'ons to tho CMF Yllll be r6vi8wtd ènnuilly In Ilne vlth the AMP. Pgnnanent Endowment Fund IPEF) A fund that holds investments where the (3pital must be retained In th& tharlty bul Ihe inc¥Jme mmy be used to support the genetal fvnd. The surplu6 before gainsAoss gen8r81ed durÉng th& y&8r on thtr gener81 fvnd of £21,826 (2023.. £10.1091 has been ts¥nsfetted lo the Cydcxl MaInlenan Fund to be sel aside forfiAure maintenBnctt èxpenditu. Pogfy12 contlnLd...
Mrs Uttersons Almshouses Notss to thè Flnanclal Stst•mènts- continuèd rtheYearE 13. CONTINGENT LIABIUTIES Houslng AssoclalSon Grant funding of £20,612 towards the cost of development of the freèhold proprty was prtViOU51y received by Ihe th8rity . Under cert8in ryiGumBlances this 15 repayable. primarfly foll%?n9 the sole of the propety. 14. RELATED PARTY DISCLOSURES Ther8 ware no r81gled pariy tran8actfons for the ygarn endod 31 D8Mber 2024 or 31 O•cembef 2023. Page13
Mrs Utte0n5 Almshouses Dotslled Stat8mgnt of Flnanclal Actlvltleg for the Year En 2024 21r23 INCOME AND ENDOWMENTS Invo4trnènt Inm* Inv8Stmenl Ino)me 4.834 Charitrble activities MaSntenance Conlriblrtk8 from reslden 21,716 20.4CAI Total Incomlng mourco4 25234 EXPENDITURE Charftsblo •Gtlvltl•¥ Service8 Day lo Day malntanan Property repalrs Freehold property deprnaètton 1,476 2.719 1.917 7,873 3.263 16,053 Support co•ts Govern4n¢• ¢o¥t• Accountancy L&go1 and professlonal 1,741 1,705 2,550 1,741 4.255 Tolal rnsourc•s 8xpend•d 20.308 N•t In¢om• b•loM g•ln• and Io•M• 17,485 4.926 Re•ll8¢d r¢¢ognleed g•ln$ ond lo••¢• Roallsad gainsl{losses) on fixed ass Investrnents 1.335 4.843 N•t Incom• 18,800 This pagB dogs not fomi of th¢ Slatutory financial Statnts Pago 14