2024-12-31-accounts

SALISBURY CITY ALMSHOUSE AND WELFARE HARtTIES REI GISTERED CHARITY NUMBER 202110 REGISTERED SOCIAL LANDLORD INUMBER A0192 TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

SALISBURY CITY AI,MSIIOUSI AND WELFARE CHAIUTI YEAR ENDLI) JJ DF.CEMBER 21)24 REIGISI'LREID C.HARTTY NUMBEII 202110 REGISTERLD SOCIAI, LANDLORD IYUIMBER A0192 TRUSTEES, REPORT AND FINANCIAL STATEMENTS Conlcnls Tru5t¢es' Repoil Trnstees, Statetnenls on Inlemal Cunlrols 8nd Responsibility for tlie Ac¢ounts 10 Auditols, Report StateTnent of Firtantial Activities 13 Balallce Sheet 14 Cash Flow Statement {with Notes) Notes to the Finan¢ial Statements Accounlillg Policics (Notc l) 16- 18 Income and Bxpendityre (Notes 2- 7) 19-22 Fixed Assets (Noles 8 - 10) 23-25 Current A&8ets (Notes I1- 131 25-26 Long Teiin Creditors (Note 141 26 Provisiotis (Nott 15) 26 Capital Funds (Noies 16- 171 27 Re5tri¢ted Funds (Note 18) 28-31 Unrestricted Funds (Note 19) 32 Allalysis of Net A55¢1s between Fllnds (Note 201 33 Capital CO￿￿nitMet)ts (Note21) 33 Comparative Statement of FitYan¢ial Aciivities (Note 22) foi. the year ended 31 December 2022 34

SALISBURY CITY ALMSHOUSE AND WELFARE CHARITIE I'RUSTEF.S' REPORT DOR'I'IIF. YEAR F.NDED 3 I DECE.NIBER 2024 REFERENCE AND ADMINISTRAI'IVE DETAILS Governing Documents 29 charities are admillistcred under the litle of Salisbury City Almshouse and Welfare aiarilies. Tlje charitie% are all Collstituted as charitabl¢ trusts, and thcy are goveiTred by a Charity Cotyunission Scheme datcd 19 August 1974 as varied by Schemes dated 8 April 1975, 19 July 1979, 4 July 1986, 6 Sep¢eEnber 1990 and 18 Decemb¢r 2001. The registration also includes the linked chariti¢s krt0￿￿ as Mrs Sarah 14ayEeT'S Cliauty and The Bu¢hanatJ Housing Charily which are Bovertted by a scheme dated 28 March 1961 {varied by a sclieme dated 26 August 1997) and a de¢l8ration oftiusl dated 5 Noveinbei 1999 re5peclively. Also linked is the St Mary Magdalen's Hospilal and Little Langford A]mshouse Charity which is goveined by a schcme dated 4 Oclobej. 2017. The Charities are a registered with the Homes and Con]munities Agency under the Housing and Rcgeneration Ac¢ 2008 as a Registcrcd Social Landlord. The Trustees, Investinent powcr5 deTsve Irom th¢ 1974 Scheme and the Trustee Act 2000. Reglstered Offjce Trinity Hospi181, Trinkty Street, Salisbury, SPI 2BD101722 325640) Reglsteved Numbers Charity number 202110 Registered Social Landloid nuTnber A0192 Board ofTru5tee$ Mr T Austreng- Ch#iiman Mr W Collins (Appointed 2 February 20241 Mr A Corkill Vice-chairjnan Mr T Clay Mr5 A Hatton Dr R Hewelso Mrs P M LiLsh Dr H McKeown Mr R W Shipsey Mrs A Taylor Mr A Brai *Mrs F Green Mrs D Wilson Mr G Rennett (Deceased 20 January 2024) {Deceas¢d 29 September 20241 (Appointed 7 Febrllary 2025) (Appointed I l April 20251 * denotcs a member of Finance and General Pury)oses Conunittee. The Board of Tn]stees and tlic Charities, staff also manage and admillister two other ¢lwiiies'. William Botley Lhayity (Charity numkr 268418) Salisbury City Ediicatianal and Apprenticing Charity (Charity nurnbeT 309523) Prln¢ip21 Officer Clerk to the TTuslees'. MIE S E Coen Appointed Professional Advisers Solicitoi3 TTCthowaiis. London Road Office Park, LoE]don Road. Salisbury SPI 3HP Sainpson Coward, 51 Sttret, Salisbury SPI 2PH letcliei. & Parti]eTS, Ciyiwn Chambers. Bridge Strcct, Salisbury SP12LZ l.loyd5 Bank plt, 38 Bliie Boar Row, Salisbury SP I I DB CCLA Investsiient Managenient Ltd, Senator House, 85 Queen Victoria Street, London EC4V 4ET M&G Securities Ltd, POB 9038, Chehnsfoid CM99 2XF Vanguard Asset Management Ltd, 25 Walbi'ook, London EC4N 8AF Quiltcr Cli¢viot l.td. London Rd Office Park. Sali5buiy SPI 3HP Auditor51Accour]tants Bankeis Investtnent Managers

SALISBURY CITY ALMSH()U8E AND WELFARE CHARITIES TRUSTELS, 111,:VORT FOR THE YEAR ENDED 31 DF.CF_MIIER 2024 Continued STRUCTURE, GOVERNANCE AND MANAGEMENT Organls#tlon The Tiustees have established pi'ocedw'es under which all tmajor decisions al't takcn by the I'rustees as a body. with advi¢e beins 12ket) from their appointed professional advisers as appropriate. Sub-commitlee5 of the Trustees, including the Fillance and Ckneral Puiyoses Conuniitee. ale establisl)ed as ne¢essaiy 10 consider pariieular n￿tter5 and to make reconm)endaiions to the 2nain Board. Day-tsFday management and administration is delegated to the Llcrk to the TTusiees. P(blities and Procedures In carrying oul tlie objects Stated below, the Trustee5 seek to provide a high standard of accommodation as is feasible and necessary to mtet the increasing need5 Of their Residcnts, and io provide ivelfare grant5 to needy persons out of the funds which they have available For the purpose. They apply the following poli¢ies for the appointment of Residents and the making of graiils, to applicants who are residellt in the defined area af benefit.. a. Applicallts foi. sheltei.ed almshouses are assessed u5illg an objective system for physical, social and fsnancial need. When an almshouse becomes available it is otyeitd to the person on the waiting list wlio is most highly qualifi¢d according to tliese criteria. b. Applicants foi. general needs housing are assessed and appointed using a similar system on llie basis of social aThd financial need. Applications for welfarc grants are sponsored by so¢ial workers or other professionals and are assessed by a sub-committee of Trustee5. The values of grants awarded are based on norns established by the Trustees. The Charities, t.8lablished policies #re reviewed and a￿Cnded wheiE appropTiate. Trustee reLruithi¢ni ConfOrn￿ to the a£reed policy stalemcnt which ¢ntsils the periodic irquirement 10 conduct a skills audit and compilation of a list of potential candidates from wliieli a selection can be made for preliminaiy interview and fjnal Board approval. Indlletion follows a process of visit5 10 #lm%house sites, meeiin88 Wjth Residcnts and stuff and overlaying inforniation relatillg to the fun¢iions ai)d values of the Charities througb is5uaiice of i'elated documeiiiation such as, intei. alia, Annuiil Report and Audited Accounts, the Charities, Govemjng InstrLmient and the Charity ComtlliSSiOll'S booklet CC3 and other relevant documents. Ongoing trainin￿ primarily through seminars offered by the Alinsliouse Assuciaiion, is offered to all Tru51ees. The Charities, policies and procedures, togetjier with (lie system of internal Contiol, are designed to MaJ￿ge I'isk and to give reasonable assurance that key objectives and expected out¢omes are achieved. The principal risk5 faced by the Tru8tees idcntified in the report last yeai. Still staDd.. The perfonnance of investsnertts. Ri%ks arc mitigated by retaining expert investment managers and maintaining a diveT5ified inve%tmertt portfolio. The portfolio is s¢ru¢inised by the Financial and General Purposes Committee tliroughout Ilic ycar. Propety daiiiag¢. These risk$ 21'e mitigated by iEgular inspectlolls of the Cha¥it5es' properties as well as quinquennial surveys and insui'ance reviews, 5UPPOLl¢d by a planned maitjtenanct schedule. Cxteimal CCTV 5ySterr)s al'e in place at some city centre siies. Fire. Formal firc risk assessmenis are underiaken per&iKlically by a professionally qualified tire and safety consultant, and recommendations ar￿5]llE therefrom followed. Siaff re¢eive Fire Warden training and residents ar¢ advised annually by the Fire & Rescue Service on fjre %afety and emergency procedures in their homcs. Schediiles of clectti¢al inspe¢tions, communal clectrieal appliance testing, and fire prote¢tion equipment servicin8 are adliered to. Art annual in8urallce review is carried out. Healih & Safely. Formal risk asse5sDienls aTe undertaken periodically by the Cliaritie5' appointed Health & Safety consultants, and wai'derts undertake annual risk assessments at each of their site*. Compliance requ2remeniS are regularly reviewed. Staff iEmunei?lion i5 reviewed ￿nn￿allY atjd any increases are based upon inflation fjgures. When available, nx)re specific compgrisons are made with oilier almshouse ¢haFlties of a similar size and operation. Tlie Cliarities liave undertaken an assessmenl of tlieir ¢ompliance wjlh the Govtrnance and Financial Viability Standyid and certify compliance with the S&rtd2rd during the course of the yeai. and with tlie Charity Code ol Goveimance. The Trustees, staff and Residents were greatly saddcned 10 hear of the deaths of Mrs Lush in JanuaTy 2024 and Mr Sliipsey in Sep¢ember 2024. Mrs Lusl) had been a valuable and Comi￿lIted irustee for rifteen Y￿[$ a])d the Board had benefjtted fi'om heT sound tommon sense, energy and extensive legal exp¢iiise. Mr Shipsey had been a highly iespe¢ted Ti￿stee for 30 years, and an active Inejiibei" of di¢ Finance and GcneT&I PuTposes Committee. The Board had benefitted from his business experi￿ and common sense. He had also kcn a Visitor Trustee to Trinily Hospital and rarely tnissed tlie montlily 5crvicc at Ti'inity Chapel. Tliey will both be very inucli missed.

SAI,ISRURY CITY ALMSHOUSE AND WELf4ARE CHARITIES TRUSI'EES, REPORI. b'OII'A'HE YF.AR ENDED 31 DECEMBER 2024 Contlnued STRUCTURE, GOVERNANCE AND MANAGEMENT Value foj. Money Statenjent This is pjoduced Jn accordance with the standard issued by the Regulator of Sacial Housing The Value for Money Standard i'equires registei'ed pi'ovideT5 to annually report on their peL'foiThance against ¢¢Tlain metrics defjned by the regulator within Ihe Annual Accounts. Benchmark data is iaken from Value for Money meiri¢s and reporting 2024 lo 2024 Global A¢counts for y￿r ended 31 Maich 2024. is.%ucd in March 2025, Foi. some metrics, the benchmark for smaller piDviders was not given and the median for providers as a whole has thcrcfore been used as the benchmark. Metric l Reinvestment /0 The ieinvesttnent metric looks at Ilie investment in properties (existing stock and ncw supply) as a per¢entage of the value of total properties lield. 2024 2023 2022 Ilenciunai'k <2500 hoTnes Reinvestment 0/0 3.64°/• 5.96 /0 5.49 /. 4.40°/ This represent% the amounts spent in tlie year on additions and smprovemen15 to the housing properties which have becn capitali%ed in the accouttis, a8 a perccntage of the bouk value of the properties. In 2024 it incliides the purchasc of an additional house for genei.al needs social housing. It] addition to amounts capitalised in the aeeounts, the Charities 5p¢nl £348,20612023.. £354,016) on upgiades and Imprnvements which liave not been capitalised, to ensui'e thc accomrnodation continues to meet modern 8tandai.ds alld expeclatiotts. Sf included this would increase the percentage 10 8.13h/ts { 2023.. 10.550/ Metric 2a: New Supply {SoclAI Houslng unlts l °/0 The New Supply metric seis oui the number of new social Iiousing thai have been acquired or developed in ihe year as a proportion of total social housing units owned at the year end. 2024 2023 2022 Bcnchtnark <2500 hoTMes New supply (social Housing uniisl This measures tlie number of pi'operties Cotnpleted in tl)e year as a percentage of the total number held at Ihe end of the year. 0.88 / 0.440/0 0.30 /. Metric 2b.. New Supply {NThn-Soci&l Housing units ) ./ The New Supply metric scts out the numbeT l)f new non-social housit]g units that liave been acquired or dcveloped itJ the year as a proportion of total non-social housing units owned at the year eJ)d. 2024 2023 2022 13enchmark <2500 homcs New Supply { Non40¢i8l HoiL8ing llnits) The Charities do not generally seek to acquire non-swial housing. o.oo°/. o.oo°/. Metric 3: Gearlng ./ The gearing Jnetric as%e%ses Iiow mucli of the adjustcd assets al'e made up ofdebt and the degree of dependence oil debt finance. It is often a kcy indicatOT of registered provider'% appeiitc for ￿oWth. For this ptsrpose gearing is based on debt net of cash balances. 2024 2023 2022 BencliinaTk Gearing The Chai'i¢ies hold substantial cash balances which iE5ulls in a negative mcasure. -27.240/ 45.60°/.

SALISBURY CITY ALVI JSHOUSE AND WELFARE CIIARI'I'IES TRUSTEES, REPORT FOR THE VEAR Eh'DED JI DECELMBER 2024 Contlnued STRUCTURE, GOVERNANCE AND MANAGEMENT Value for Money Statement {eorttlnuedl Metrie 4.. Earnines before lttterest, tax, depreciatiun and amortisation The F.BITDA MRI intei'est covei. IneasuTe is a key indi¢atoi' of liq￿IdIty and investtnenl capacity. It seeks to measure the Icvel of siirplu% that a registered piDvider gtncrates compared to interest payable.. the Ineasure avoids any di5tortiort8 stemming from the depreciation char8e. It is calculated by dividing the interest payable into tlie surplus before depi'eciation and amoTtisatign. 2024 2023 2022 Benchmark EBITDA MRI interest 2264.840/0 394.45Tr/0 2955.910/D 122.00 / The interest Pdyablt by the Chaiities is minimal and as a cot]sequence cornpara¢ively stnall changes Irt the SUEylus resulL In large variations in this peiLentage. Metric 5.. Heodline Soeial hDuslng Cost The Hc8dline social housing cost p¢r unit mett'ic as5es5es tlie headline social housittg Cost per unit as defined by the rtgulalor. 2024 2023 2022 B¢nclimaTk <2500 honies Headline Social Housing cost 9,631 9,148 6.568 5,768 These figui'es iiiclude selvices, includin8 non-hol￿1ng costs 5u¢h as wardeiis and (for teriain almshouses) ¢at¢ring. The increase laTgely i"rflc¢ls exp¢ndilur¢ on ¢yclical maintenance and other building works undertaken to mainlain the hiyji stsndard of Ihe Charities, almshous¢5. Metr1¢ 5 a.. Headline Social hou5iiig eosi- adjusted to exclude warden and eAterlng costs The Headline social housing cost per unit nietric asscsscs the headlille social housing cost per unit as defined by the Tegulaloi. but adjusted by thc ChatitlC5 to exclude warden and ¢aterirtg Costs 2024 2023 2022 13enclimark <2500 homes Headline Social Housing cost 6,409 3.841 5,768 These figures include some services, such as electricity. The increase similarly reflects works Unde￿￿ken io maintaiij the high standard of the allnshouses, Metric 62: Opei-atin% Margin {Soclal Housing lettings) 0/0 'riie Operating Margin demortslrates ihe profitability of operating assets befoic ex¢eptional expenses are taken ii)to accolinl. 2024 2023 2022 Ben¢hmark Operalirtg margin Social Housing -27.22°/ -33.50 / -5.81 / This demortstrales the extent to wliicli the altt]5house resident$ are subsidised OLII of the Charities, general revejiue, largely invesimertt inLome earned on Ilieir historic endowmenis.

SALISBURY CITY ALMSHOUSE IIND WELFARF. CHARITIES TRUSI'EES, RF.PORT FOR TEIL YLAR F.NDCD 31 DECEMBER 2024 Continued STRUCTURE, GOVERNANCE AND mANAGEME￿r Vglue for Money Statement {eontinued) Metric 6b: Opei'atlng MArgln (Overall) f/1 2024 2023 2022 Benchmark Operating margin overall -6.52°/ 12.96 /0 This figure is calculated to include inve%llnent income and measures tli¢ overall surplus Jnade by the Cliai'ities a5 pei¢entage of total income. The negative figur¢ arose because in thc 2023 expendiiure on the almshO￿seS exceeded charg¢5 to residents, largely due to the works ref¢Tred 10 above. Metrlc 7: Return oil capital employed IROCE) O/ts The ROCE eojnparcs tlie operaling sutylus to assets les5 current liabilities and is a common measure in the Commercial sector to asscss the effEcient investmeni of capitsl resource5. Thi5 metric 5UPPOrts registered prOVid￿'S with a wide range of capital investtnent pro￿ain￿¢s. 2024 2021 2022 Benchmark Return on capital emplO￿d (ROCEI 0.50 / -O.S9 / 1.10/4 2.80 1. Taketi with the figures abovc we believe this sliow5 tliat tlie Chariites are using their bcst effuils 10 keep tlie charges to residents as low a5 tliey reasonably can. OBJECTIVES AND AcfIvITIES Objectiyes The Cliarities w'ovide foi. needy residents piincipally in thc Salisbury area.. Sheltered almsliouses, with preference to those longest residen¢ in the Salisbury area. General needs housing for families, with PTefer¢nte to sirtgle parents. Welfart grants for the relief of those in need, hardsljip or distress. 'rhe Tiustees are sati%fsed tliat the Charities, objeciive8, and the policics and procedures which are applied, oniply witli Section 4 of the Cl)ai'itie$ Act 2011. Tlic provision of subsidised, high quality liousing for over 200 local resideiits anti the applicalioij of welfai'e grants 10 the most needy is tangible evidence of public benefil within Ihc Cliai'ities, area of benefit. In addition, thc large numbci. of applicants. from a wide variety of backgrounds, wailing foi attommodation is evidence of t]ie benefit the almshouses have to the local population. The Trusiees also Collsider that the piovision of 25 units of social housing in Salisbury has made a modest coniribulion to tjie comtnuniiy Ihai would otlierwise becoine the i'espon51bility of the local council. The Trustee% ain) to keep resident contsibulions as low as possible, taking inio account directives from tlie Re8ul8tor of Social Housing. G)rnmun81 facilities at one site are made available twice weekly to a Day Centre cliarily wliicli offer8 lunch and activities to ihe elderly, ensuring that tlie wider ¢omniuniLy benefits fj105n die Cliarities, resource*. Tlie Cliaritics own and manage 190 wardcn-a5515ted alinshouses ai 12 Sit￿ ill and around Salisbury. Six full- time Wardens, as well a5 part-liine Wardens at the Very Slieltcrcd sclie]nes. #re employed to ensure that residents, tieeds aTe niet and a pleasant and.%afe enVil￿n￿lent provided, Irt addition, a Relief Waixicn i5 employed lo provide cover for emergencits at weekend5 and public holidays, as well as covei. foT holidays and sitk leave. The two Very Slieltered schemes are designed for those pcople who need additional support bul are still Capable of indepejident living. These sites I￿ve additional facilities such as assisted batI￿00Ms. tliey are fully wh¢elchair aLce5sible, lunches are provided ajid staff are on site 24 hours a day, seven days a we¢k.

SAI.ISBiiRY CITY ALMSHOUSE AIYD WELFARE CHARITIES TRUSI'EES, RF.PORT FOR I'IIL Yfi.AR F.NDED 31 DECEMI BER 2024 Cuntinued OBJECTIVES AND ACTIVITIES ObJe¢tlves (contiThued) The Charities, properties are as follows.. Ordina Slieltered Ble¢hynden's Almsliouse8- 3 flats Brickett's Ho%pital- 7 houses 'Brynipton'_ 31 flats. 10 bungalows Eyre Hol￿¢ X flats Gloucester House- 25 fla15 Hardy Hou5e- 16 flats Hussels Alinshouses- 7 flats, 8 houses Satah Hayter's Almshouses- I l flats Tayli)¢s Almshou5es- 6 flats Trinity H05Pital - 22 flats Ve Sheltered Robert Stoke5 Alinshouse- 15 flats Steve Biddle House- 22 flats The Trustees also manage 26 general needs flatslhouse5 (the Buchanan Housing Charity) within thc city, prim2rily for young fatnilies or single pzrenls, one of whicli waE purtl)ascd by tlie Charities during the year. A further six altnshouses in Wilton (St Mary Magdalen Hospital and Liltle Laiigford Alm5hou5e Fari Almshouse Charity), whicli required majo¥ retJov8tions, refurbishment and repairs were given lo die Chaiities in 2017 Five new bungalows (Lady Bcngon Alm%house8) were constructed on the 51te. These bungal(>ws, logcthcr wit]1 the lerrace of six alrr]shou$es, arc not warden-SUPPOTted. and priority is given to 8pplicat]ts in financial difficulties wlio al-e not eligible for slieliered accomiiiodation or Buclianan liousing, and reside in Wilton or llearby parishes. The Charities also own the freehold of a numbei. of piDpertie5 in the ¢entre of Salisbury coniprising both retail and residential unil8. Activities The Chai'ities ¢ontinucd their intcnsive Pl'ogramme of property maintenance, impi'oving almshouses as vacancies occu￿¢d {29 alinshouse vacancie5 arose diiring the year, End four at the Bu¢h&n&n Hou%ing Charity properties). lo ensure the accoininodatiurt is of Ilie liigliest standaTd possible and, wherever possiblc, making adaptations to tneet the needs of individual resideiits a5 tlieir circumslances cliange. Routine and cycli¢al work Is sub-contracted wherever possible to Sali5bUry-b￿d tradespeople on the Charities. appTI)ved list. Charge out rates are routinely cn]iiniscd to ensure value for money. Where possible and witliin safety guidelines, minor maintenancE works are c￿Ti¢d out by the Ch&riiies' Busldings Maintenance Officei.. Contt'acts for majoi woiks a*e put out to lender, for wliich spceificalion and contract administration is undcrtaket] eitlieT by tlic Buil(fings Mainlenat]ce Officer or a chartered surveyor as appropi"iaic. All invoice5 aTe s¢rutinis¢d by tlie Cleyk lo tlie T￿stC¢S, the Deputy Clerk, the Buildings Maintenante Officer and fjnally by two Trustees. Tht pragixmnie of upgi7ding older kitchens and repla¢ing baths with low level access showers continued. Sevenleell kitcl)ens athd bathrooms were upgtaded duTing the year. Energy efficient lighting up￿.￿deS in external and intei'nal communal al'￿5 conlinucd which will also cnliance the quality of lighting foi. residents. Other major WOTk in¢ludcd the installation of a solar photovoltaic systcm at Steve Biddle House. In addition, tlie einergency warden call sy5tein was tspgraded at Trinity Hospital lo a fiilly digiial 8y8tem, including the replacenienl of tlie existing analoBlle line witlj a new fibre 8eTvJce. The radiators and TRV% on tlie south elevation of Hussey's were all replaced, the lawidry rooms at Blechyiiden's AlnJshouse5 and EyTe Ilouse were refurbished, Pi'itchard Houses at the Biynpton site benefitted fi"0￿ replacemtnt healing and walei. pipes in the loft spaces. Redundant ¢liiJnneys at the Buclianart Housing Charity's site at LaMTence GTe¢li were reinoved and Toof repair% undcrtaken. Remedtal fire protection works. inLludingi new one-hour fire check loft I￿t¢1]es, insulated fire slccvcs witliin Internal wall cavities. #nd ¢ompartment&tion were conipleled at Trit]ity Hospital, and equivaleiit works commencing at both Brympton and Gloucestci. House. The flat ruofts) the Relief Warden's flat at Hardy 14ouse was i"q)la¢ed. The Charitie5 pla¢¢ grul emphssis on meeting staff training requirement5. Employees continued 10 benefit frotn a full progranime of F'irst Aid, Fire Warden training, Hcalth & Safety alld HR tiaining as well as role specifie conlinuous personal development. Continual monitoring of the quality of .qerviccs provided by the Charities and addressing igsues raised was aehieved through weckly planning and fcedba¢k meetings between Wardens and the cleTk to the Ti￿SleeS

SALISBURY CITY ALMSHOUSE AND WELFARE CHARITIES TRUSI'LES, Rf4 PORT FOR THE YEAR ENDED 31 DECEMBER 2024 Continued OBJECTIVES AND ACTI￿TIEs Aetivltle5 leontinued) The Resid¢nts Forum met twice duiiiig tlie year, giwin&i an opporwnily for a residenl represenlalive froin eacli ward¢n-supponcd site to Ineet with Iwo Tiustees, tlie Clerk alld tlie Buildillgs Maintenance OtTiter to discuss planned maintcnance work, and io make suggestlODS and raise any relevant concerns. The W¢￿eX Almshouse GIDup, of whieh thc Clerk to the TTUStees is a founding member, continued to meet during Iht year as a lorum foi. local almghouse el)arity Cltrksrrrustees to discuss common issues of ¢on¢em and lo pi'ovide Inutual suppoi't. Tl)is excliange of infOl￿atIon and best practice is ¢on%idered to be of great benefit to all meniber charities. All costs recouped by individual Nuember charities paying a portion of the expenses in¢urred. The Clerk to the T￿sle¢S is also a Regiollal Represeniative for the National Alinshouse Association, acting as a point of ¢onta¢t for almshouse charities in Wiltsliire. ACHIEVEMENTS AND PERFORMANCE The work of the Charities in nianaging and adtninistrating Il% almshouses continued siiceessfully tliroughout the year. At the close of 2024. of the ￿tal 2Q 112023.. 2091 Residents (excluding the Buclianan H()using Charity, Lady Ben50n Almshouses and Si Maiy Magdalell HOSP￿taK). oveT 47% were a&ied 80 yeai's or oldei.. Tlje Trustees appointed 20 new ie%idents as qualifying beneficiaries to the almshouses, and approved five Iransfeis Oll medical giDUrtds. The continuing commitment of the Chariiies. staff and tbe high standard of service they piovide ensures the wellbeing of each resident and enables thcm to maintain theii. indeperden¢e with contentment and dignity. Thi5, In turn, allows 11)c Ir.%idents to remain in their own liomes for as long a8 possible, thcreby reducing unllecessary and premature adniission to hospital or residcnlial carc. Staff tuinover remain8 veiy low, refle¢¢ing the organisation's strong cai'ing culture. Almshouse vac8ncies in both warden assisted aDd genei'2I iieeds pi'operties air, utjder iiortnal circuimstances. filled without undue deluy, demonstsating tha¢ tlie Chaiit)e$' housing continiies to be populai. and helps to provide good qu81ity of life. The Trustees were able to offer hou5ill& both in Warden supported housing and low-cost general needs housing, 10 2 number of Ukraillialls who hAd been forced to flee their homeland because of tlie Russian aggression against Iljcir eounlry. The Trustees considered appioved 24 welfare application512023.. 531 iolallTrng £24,73812023..£34,4541. This included gL2nts awarded not just ￿ eligible lo¢al irtdividuals IJJ f￿anCIal need but also to local organi5ations and institlllions with similar aims. thus helping to maximise the itnpact of grant assistance to people ID need in the Salisbury area. Financial Transaellojis and PosÈtion The Chaiilies, total income in 2024 wa% £2,610,678 (2023.. £2,226.-133). of whsch £1.749,584 was from Ressdents. Coniribulions and £527,194 was investment income. Total expendi￿Te waE £2,485,444, irteluding charitable granls of £24,738. The Chai'itie5' invesiEnen(S Tecorded net gains of £637,288 and therefore there was a net surp1￿£ foi. the yeai. of £762.522. This was made up of unrestricted funds £193,131,. L"esii"i¢ted fijnds £207,870 and endowed ¢apiial £361,521. Total net as5els at the end of tlie yeai. weie £23,405,665 (2023.. £22,643,143). The Trustees consider that the market value of the almshouses is considerably in excess of their book value, but. as the properties are held on pei]nanent endowment loi. earrying out Ihe charilable purpose5 of the Cliarilies. they do not consider that a fomial valuation would be justified. Investments The invesimeJt policy is to hold the aiaT)ties' investmenis in a combin2tion of directly inveS￿a Segregated portfolios alld a nutnber of charity autliorised investment funds and to obtain a toial renrn in lirte with or bettei. thati the ARC balanced or growrh index. During the yeat the IO¢AI retum on the endowed poitfolio was +7.20/0, and tlie total re￿iTh on thc non-endowed portfolio was +7.30/¢, compared with a irturn of 6.4/0 and 7.9 /0 on the respective indice5.

SALLSBURY CITY ALMSHOUSE AND WELIIARE CIIARI'I'IES TRUSTEES, REPORT FOR THE YEAR ENDED 31 DLCEMBER 2024 CoDtinued Reserves 'lThe'l'rustees have calculated that the Chai'iti¢s' working capital requirements amount to £360,000, and this amouDI is held In Ihe General Fund less provision5 for pension deficit5, Any sutplus on urtrcslrieted filnds is transferiEd to Ilie AIn￿hoUse Developinent and Major Improvement fund, and is used to fund alin51iou5e developments once sufficient funding has been obiained. This fund, which CULTently Stands at £4,391,9 14, has recently been drawn on io fund the purchase of a house for general needs, as well as continuing upgrades to the almshouses. The Trustees. intention is to continue to inciease the balan¢e from the Charitics, annual surpluses and to draw on it for furthe almshouse developmenls and the purchase of general needs housing in accordan¢e willi local requirements and when suitable opportunities arise. FUTURE PLANS The rollillg programme of upgrading the older almsliouses, jllcluding monitoring and inipL"oving energy effitiency, including upgrading COn￿lUna1 &reas to low enei'gy lighiing systems will ¢ontinue, ensllring that the Charities continuc to provide the highest possible quality of housing and respond to th¢ developing rteeds of ils residents. Fire safety impi'ovements will continue. Major plans for 2025 include migi'ating at 211 siles to fully digital warden call systetns and the replacement of analoglle line$ with fibre. It is also planned lo it]slall a photovoltaic system at Robert Stokes Almshousc, lo replace c.65 altnsliouse flat fi.ont dool"5 1rt New Brytnpton House, Gloucester House and Hardy House. 10 tepl4¢e boilers and conirol units ai Brytnpton Bungalows and Trinity Hospital. ￿ replace double glazed windows and doors at Hussey's Almshouses, and to replace soffits, ra￿laS and rainwater goods at Trinity Hospital. The TTUStees will continue to investigate suitable local sites with a view to increasing the Charities, ability to provide more almshouse5 for people In need in the Salisbury area. Approved by the Trustees and ssgned on their behalf 2025 USTRE SECOEN Clerk to the Tiwtees iman f Trustees

SALISBURY CITY.4LJMSHOUSE AND WELFARE CHARITIES YF.AR ENDF.D 31 DECEMBER 2024 TRUS'fEES'.STATEMI ENT ON INTF.RNAL CONIIiOLS The Twstee5 acknowledge that they are responsible for the Charities, system of internal control, and for reviewing i18 effectiveness. In ¢otnmon with all such systeins, the Cliarilies, inteTnal control systeR) is designed to manage, rather than to climinate, the risk of failuir to meet th¢ Charities, obj¢¢lives, and it can only provide irasonable, as opposed to absolute, as5uran¢r against matcrial misstatement or loss. The process for identifying, evaluating and n)ana8ing the ssgllifjcant risk& faced by the Charities is ongoing, it has been in pla¢e ihroughout Ihc year under i'eview and up to the date of approval of the annual report and accounts,. and il is regUl￿.[Y reviewed by the T￿ste¢S. The Tn￿ttes, policies to ieview the effe¢iiveness of the internal Controls a￿ as follows.. li) The PT¢s¢nt8tiort to and eonsidcration by the Trustees of the annual review of the risk assessment and tlie annual accounts. lil) The regular review by the Trustee% of th¢ effe¢iiveness of Charities, procedurc5 lili) Tlie annual report to the Truslces by the exlemal aiiditor. Th¢ key policies ￿lIch have been estdblished by tli¢ TnJst¢es and wliicli are designed to provide effective inietnal Lon¢rol are as folluws.. {]) Tlie establishment of fomial procedures including the involvement ofthe Tn￿le¢S it) all matters connected with the ma]Mgernent of the Ch#iLtLes, including.. Strategic pl8nning' Risk assessment,. Preparation of budget5 aTJd cornpaTison of acthal results with budget; Authorisalion of exijettdi￿re, Including capital projects and 8rant5 Appvintnient of aIn￿hOuSe residents., Appoinlment of staff., Management of investments. lil) The holding of regular Trustees. tneetings to which reports on the above matters are submiited. lili) The api)ointment of external auditors to expi.ess an opinion on the Charities. annual accounts and to report to thc Tru5teG8 on 8rty deficiencies in the system of inlerllal controls which come lo theii. attention during th¢ course of Éheir audit; livl Tlie regular reportlllg to tlie Trustee5 of matter.s including potential new risks and regulatory developments wliich 41re relevaiii to the Charities activities. SI'AI'IMl4 NT OF TRUSTF.F.S' RF.SPONSIBILITIE8 F()R THE PRFPARA TION OF THF. AC.C.I)UN"rs The Trustees are responsible for prepai'ing the Tru5tees' Report and the fitLan¢ial.iiatements in accordance with appli¢2ble law aiid United ￿ngdOTTh Generally Aceepltd Atcounlirtg Pi?ttice, itjclllding the Statement of Recommended Practice A¢¢ountirtg and Reporting by Cliarities Ib'RS1021. Charity and Housing law requir¢5 the Trustees tv prepare financial s￿lemen18, for each flnancial year. which give a t￿e and fair view of tlie state of atyairs of tlie Cliarities and of the surplus 01 deficit of Ilie CliaTilies fo that PeTiod. In preparing these finallcial statetnellts, the TrUS￿e$ #i"e reouired to: Select suitable accoiinting policies and then apply them consisienily. Make judgements and estimates Ihat are reasonable and prudenL Follow applicable accounting standards, subject to any material departuTes disclosed and explained in the accounts. Pirpare the accounts on the going concern basis unless it j5 inappi'opriate to presume that the Charilies wll continue to exist. The Tn)stee5 are Tesponsible for keeping proper accounting records wliich disclose witli reasonable accuracy al any tiine the financial position of tlie Cliaiities and to enable Ihein ￿ ensui"e that tlie accounts comply with the provisions of the Charitie5 Act 2011, the Ac¢oun¢ing Direction for Priv8te Re£istered Providers of Social Hol￿1ng 2022. They arc also responsible for safc8llai.ding the assets of the Charities and hence foi. taking Tea50nable steps for the piEvention and detection ef fraud and other I￿egUlaritIeS. 10

INDEPLISDENT AUDITORS, REPORT TO THE TRUSTF.F.S OF SALISBURY CII'Y ALMSHOUSE AND ELFARE CHAIUTIES Opiiiion We have audited the financial statements of SalisbJry City Altnshouse and Welfair Charities for the year ended 31 December 2024. which are set out on pages 13 10 34. These comprise the Statejnent of Financi&l Aciivities, the Balance Slieel Ihe Cas]i Flow Stateinenl, and the related t]otes. The fJnan¢ial reporttng framework that has been applied in their prepaiation is applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102.. The Financial Rtportirtg Standard applicable in thc UK and itepublic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the fjnalleial statements.. give a and fail. view of the slate of the Chai'ities. affairs as at 31 December 2024 and of its incoming resources and application of resources, including its inLome expenditure, for tlie year ilien ended., have been propcrly Prepared in a¢tordanee with United Kingdom Generally Acccptcd Accounting Practice., and hav¢ bccn properly prepared in accordat2ce with the rcquiremenls of the Housing SORP 2018.. S￿leme￿i of Recornmended Practice for Regislered.%ocial Housing ProvidciE and comply with the AccouThting Direction for Private Registered Providers of Social Ilousin8 2022. Ba$ls for opinlon We conductcd oiir audit in accordance myth International Standards oll Auditing (UK) (ISAS (UK)) and applicable law. Qur Fesponsibilities under Ihosc standard5 are furiheT described in the AudI￿r'S responsibilities for tlie audit of tlie financial 5tatemertt.% section of our report. We are independent of the ch￿.111t8 in accoi'dance with the ethical requircmenls that al'e relevant ta our audit of the financial statenient5 Ill the UK, includiiig the FRC'S Eihical Standard, and we have fulfilled our othei. ethical i.e5ponsibilitie% irt a¢¢i)rdan¢¢ with djese requirements. We believe tjiat the audi¢ evidert¢e w¢ have obiairted is s￿￿1¢iellt and appropriaie to provide a basis for our OPLlllOn. Concluslolls relatlng to going coneer In auditing the financial stateTnents, we have ¢on¢luded that the Trustecs, use of the going concem basis of accounting in the prepaTaliort ofihe financial statements is appropriate. Based on tile work we liave perfo¥meO, we have noi idetJtifJed sny material uncertainties relating lo event5 or collditiuns that. individually or collectively, nvay cast significant doubt on the Charities, ability to contit]ue as a going concem for a period of at ledst twelve Ertonths from when the finan¢ial st2tements al'e 2uihorised for issue. Our rcspollsibilities and tlle responsibilities of the TrL]Stees with respect to going ¢on¢ern are desctibed in tlie relevant sections of this IEport. Otlier infoi'matio Tlie Ttus¢ee* are responsible for the otlier inforfftatson. The otlier iDfortnalion comprIses the infomtstion included in Ihe TNstees' Annual Report, other tl)2n Ilje tjiiartcial statements and oui. auditor's report theiEon. Our opinion on the financial siatenienls does not cover the othei itLfoi"Jnatioii ￿ld, except 10 Ihe extent otherwise explicitly slated in oui. IEport, we do not express any fomj of assurance conclusion djereon. In connection with our audit of the financial statements, our responsibility is to read the other infoTmaiion atyd, In doittg so, Collsider wlictlicT tlie othei infoTnvtion is n)aterially incon8jStent witli the rinancial slaterjients or our knowledge obtained in the alldit or otherwise 2ppeais to be mate27ally mi5Stated. If we identify such Inaterial inconsistencies or apparent material tyusstatemenls, we are requii.ed to (kteimine whether there is 3 matei'ial niisslatement in the fillancial statements or a material Inisstatej￿enf of the oilier irtformation. If, based on the work we have performed, we conclude that there is a material tnisstatement of this othcr infoiittation, we are requiied to report that fact We have nothing to report in tliis regard.

II%DF.iTrfi,IYDEYI" AUDI'foRS' REPORT TO THF. TRUSTEES OF SALISBURY ci'ry ALMI SIIOU8E AND WLLI.'ARE CHARITIES Continued Matters on which we *re required to report by cxccption We have notliing to report in respect of the tollowing n)alters in relation to which the Charities {ActoutJls and R¢portsl Regulations 2008 require us to report io you if. in ow" opinion: the inforniati(Jn given in the financial staiemenis is in¢onsisient in any material re&peci wilh the Tiustees. Report,. oi. sufficient accounting records have nol been kept. or the financial statetnenls ale noi in agreement witli the accounting recoid5' or w¢ have not received all the inf01m￿tion and explanations we require for our audit, iv) Respon5ibilitie5 of Trustees As explained niore fully in Ihe TTUStees' Responsibilities Statement, set out on page 10, the TNslees 8re responsible foi. the prtparaiion i)f the fuMllcial statements and foi being satisfied Ihal they give a true and fair view, and for such internal control as they detemiine is necessary to enable the pi'epa¥atioi) of f￿ancial statemenis that are frce from rnaterial missia¢ement, whether due to fraud or etTOr. In PiEpaTing tl)e financial statcments, thc Tntstee8 are responsible for a&8essing the Charities, abiliry to continue as a going eoncern, disclosing, as applicable, matters related to going concern and using the going ¢on¢ern basis of accounting unless the Tnjstces either intend to liquEdate the Chaiities or to Cease operations. or have no realistic alte[￿lIve but to do so. Audltor'$ responsibilitRes fur the audlt of the finaneial Statements Our objectives al'e 10 obtain reasonable assw?nce about wl)eiher the financial statert￿nts as a whole are free from nuterial missLqtement, whcther due to fraud or error, and to issu¢ an auditoi s report that includes our opinion. Rcasanable assurance is a high level of &ssurance, but is not a guarantee ¢liai an audit Callducted Èn accordance with ISAS (UK) wtll always detect a n￿terIal mT&¥tatement when il exists. MisstatemcnÈg tan arise from fiaud or error and are considered material if, Individually or in the aggregate, they could reasonably be expected to influence tbe economic de¢isivns of users taken oil the basis of these flnancial statements. We exercise profession&1 judgement and nmintsin professional scepticism thToughout the zudit. Our audit procedures were designed io provide reasonabl¢ assurance tlial Ihey would detect irregularilies, including non-eompliancc with relevant laws and regulaliot)s, and fraud. Tliey included obtaining an understanding of the C.h8rities' activities and the laws and regulaiions which are cet]tral to their activities, illGludiNB itt particulai. housing and charity law, both through our knowledge of the sector attd discus.%ions witli manageineHt. reviewing tlie Charilies, aclivilies and any relevant correspondence for evidence of non-compliance., assessing the susceptibility of the financial statements io nJaterial misstatement in the IL8lit of tlie Charities, ¢onli'ol environtnent, whkch we assessed lo be low; ensuring that the engagemeni ieam had the appropi'iate coinpetence and capabilities to i'eeognise noM-complian¢e wilh law% and rcgulations, thruugh appropriate training and briefings. and that they Irmained alert to the pos$iblity of non-compliance throughout the engagcment. A furthel. desciiplion of oui. rcsponsibilities for the audit of the fjnsncial statement% is located on the Fin#n¢Eal RepoL"Ling C(>uncil's website at.. Iww.frc.org.uk12uditorsresponsibilitiesl. This desci'iption fom)s patt of our audiior's report. Use ol our report This report is made solely to the Trustees, as a body, in accordaiice wilh section 128 of the Housing and Regenci'atioll Act 2008, section 144 of the Charities Act 2011 and ihe regulations Ullder section 154 of that Act. Our audit work has bccn undertaken so thai we Imight state to thc Trustees those maiteTS we are required to slate to tliem in an auditoes report and for no otlicr PUTP05e. To the fvllc8t exieni pemiitted by lllw. we do not assurne responsibility lo anyone other than the Charities and Trustees a% a body, for our audit work. for this port or for the opinion5 we liave fomied. Dale.. Cro￿￿ Chambers, Bridge Street, Salisb1￿ SP L 2LZ FLETCHER & PARTNf.RS Chartered Accountants 2nd Statutoiy Auditor5 Fletehei. & Partners is eligible to act as an auditor in tern)s af seetion 1212 of the Companies A¢t 2006 12

SALISBURY CITV ALMSHOUSE AND WELFARE CIIARKTIES STATEMENT OF FINANCIAL ACTIVITIES STATF.MF.NT OF COMPREHENSIVC INCOME FOR THE YEAR ENDEI D 31 DECEMBER 2024 Unrestricted Funds Resiri¢¢ed Endowment Funds Funds Total 2024 Total 2023 Note INCOME FROM Charitable ActLVlties Turnover Residents, contributions Housing Related Siipport Government grallt income 1,128,781 84,472 67,291 620,803 3,765 1,749,584 88,237 67,291 1,569,414 80.108 67,291 1,280,544 624,568 1.905,112 1,716,813 sU￿lUs on disFM)sal Donations and legacies Investments 15,110 4.000 143,839 162,949 5,291 331J38 191,694 3,962 527,194 484,991 Other income 14,890 520 13 15.423 19,238 Total incorne 1.642.082 820,782 147,814 2.610,678 2,226.333 EXPENDITURE ON Raisill¥ Funds Investment Costs 10,518 11,953 22,471 30,311 Charitable ActLVitie5 Almshouse op¢raling costs Almshollse management Interest 1,214,447 455,299 14,589 677,768 58,944 17.179 1,909,394 514,252 14,589 1,814.613 477.287 14,744 1,684,335 24.738 736,712 17,188 2,438,235 24,738 2,306,644 34,454 Welfare grants 1,709,073 736,712 17.188 2,462,973 2.341,098 Total expenditure ,719,591 736,712 29,141 2,485,444 2,J71,409 Net incomellexpenditure) before gains OTHER GAINS AND LOSSES Reali5ed g#lnslllosses) on dlspo$al: Invesimertts Unre21ised gains/l1055es) on revalugtion: InvestineE]ts Lnv¢stnient properties Pension scheme revaluation (77,5091 84,070 118,673 125,234 (145.076) 8,161 8.982 17,725 34,868 26,785 262,549 116,018 218,853 5,000 597,420 5,000 884,973 45.000 Nel irtcomelexpenditllre Transfers between fi]nds 193,201 {70) 209.070 (1,2001 360,251 1,270 762,522 811,682 18 Net movement in funds 193,131 207,870 361,521 762,522 811.682 Fund bal￿￿¢t$ at 31 December 2023 7,520,333 7,176,299 7,946,511 22.643,143 21,831,461 Fund balaThees #t 31 D¢¢ember 2024 £7.713,464 £7,384,169 £8,308,032 £23,405.665 £22,643,143 App oved by t e Trustees on.... .2025 and d on their behalf . T Austrertg (Clialm￿nI . T Clay (Trusteel S Coen {Clerk io tlie Tiustees)

ALISBURY CITY ALMSHOUSE AND WELFARE CHARtTIES BALAN HEEI. AT 31 DECEMI BER 2024 Note 2024 2023 FIXED Assif.TS A5$ets treAted as held on endoivment Almshouse propertles OtTices Investment properties Investments held on endowment 7,755,695 22,481 1,595,000 6,017,566 7,710,624 23,380 1,590,000 5,650,631 8b Sd 15,390.742 14.974,635 Assets purchased from income Inveslinenls recouped Equipment, ￿rniture, rixtures al￿ fittings 113,972 107.197 io 52,261 66,520 Total fixed assets 15.556,975 15,148.352 CURRENT ASSETS Debtors Investments Cash at bank and in hand 63,216 7.462.434 2,419,372 80.695 7.346,699 2,239,675 12 9,945,022 9.667,069 CREDITORS.. Amounts falling due within one year 13 267,219 276,591 Net cNrr¢nt assets 9,677,803 9,390,478 Total assets less current liabilities £25.234,778 £24.538.830 CREDITORS- Atnounts fglling due after move than one year 14 1,824,613 1,893,662 PROVISIONS FOR LIABILITIES AND CIIARGES 15 4,500 2,025 £23,405,665 £22,643,143 CAPITAL AIYD RESERVES Capital Endowment Endowment recouped 8,194,060 113,972 7,839,314 107,197 9&17 8.308.032 7,946,511 Reserves Reslricted funds 7,384,169 7,176,299 Unrestricted funds 19 7,713,464 7,520,333 £23,405,665 £22,643,143 Approved b the Trustees on..... ..2025 and s d on their behalf T Austreng IChairn]an) . T Clay {Trustee) - S Co¢n (Clerk lo the TLILStee5) 14

%ALISIIURY CITY AI,MSHOU8E AND WELFARE CHARITLF.S CASII bLOW STATLIMENT FOR TIIE YEAR ENDED 31 DECEMBER 2024 2024 2023 CASH FLOWS FROMI OPERAI'ING ACTIVITIES Net eash provided by (used inl opeyatirtg activities (337,6211 {401.113} CASH FLOWS FROM INVESTING ACTIVITIES Dividend, iptei"e&t 2nd rcnts fi'om investment5 PlliLliaselimprovemenl ofiiousing propeTty Purchase of other fixed assets pl￿CeedS froni tlie sale of lJousin8 property Purchase of investments Proceeds from the sale of invesiments 403,380 {282,395) (5,404) 395.965 (459,732) {39.590) 1667,6731 1.082,346 (324,6611 912,838 Net cash provided by {used inl investing activitie8 530.254 484.820 CASH FLOWS FROM FINANCING ACTlVtTtES nter¥%t paid Housing Loans repaid Net ¢ash provided by (used inl financsng a¢tiviiies {14,5891 (1.584) {14,744) 11,428) (16,1721 Ch9nge in cash and e*sh ¢qulv8lents in the rcportirtg perlod Cash and cash equivalents at the beginning of the reporting period £176.460 £67,535 £2,383.459 £2 J I 5,924 Cash and eash equivalents at the end of the repoytlng perlod {2) £2,559.919 £2,383,459 NOTES l. Reconcili•tion of net ineomel(expeTiditurel to net cash now from operating activities 2024 2023 Net ineomellexpenditui'e) for the reporting period (as per the statement of financial actiV2ties) Adjustmcnts for.. Depreciation chaTges IGain%lllosses on investments Dividend, interest and Tents from invtstnJents Interest paid Iln¢ieasel/decrease ill debiors Increaselldecreasel in ¢rediiors lllcreasel(de¢reasel in piDvisions Non-cash donations 762,522 811,682 257.886 {637.288) {527,194) 14,589 17,324 184,0901 2,475 1143,8391 255,781 1957,218) (484,991) 14,744 117,577) 121,848) 11.6861 Net cash provided by {u%ed In) operating activities 1£337,6211 1£401.1131 2. ADaly5is ol ¢a$h and cash equivalent$ Balance 31.12.24 Balance 31.12.23 Cash at bank and in hand Cash lield in investment portfolio 2,419,372 140,547 2,239,675 143,784 £2,559,919 £2.383,459 15

SALISBL'RY CITY AIJMI .SHOU8E AND WEI LFARE CHARITIES NOTES T() THE ACCOUNI'S AI. 31 DECEMBER 2024 ACCOUNTING POLICI& Basis of Accountin%: 111 Although the c.harities al'e 2 RegIst￿.¢d Providei. of Social Ilousing. they Are primarily an endowed almshouse and welfare charity. I'he Trustees have thei'efoTe drawn up the Firtanci81 Statements to reflect this. The Charities are a public benefit eniiiy. The dCLounis art presented in Sterling. {2) The Financial S&iements have been prepared ujider the hi5toiical cost conveniiun, modified by the revaluation of investment assets. Tliey comply witli the Accouniing Directton foi. RegisteiEd ProvideiE of Social Housing hom January 2022, the Housing SORP 201412018 Update), Financial Reporting Standard 102 IFRS 102) Ihc Statement of Recommended Pra¢tic¢ on A¢counting and Reporting by Ch￿7tieS {FRS 102) and with applicable accounting standard5. except wliere those stalemcnls are inconsistenL The Trustees consider that there are maieTial uncertainties i'eg8rding the Charitie%' ability to continue as a going concern. Two significant areas of future uneei'lainty al'e the performan¢e of investment% and tlie effects of possible social changes on the ease of Tecllllttntnt of i"esidents. The Trustees are requiied to make judgements, estimates and assumptions that are reviewed on an ongoing basis and are based on hisiorical experience and other factors Iliat ale ￿nSIdered relevan4 including future events tha¢ are con8idered reasonable. Turnover Turnover LEpresents the Contributions iEceivable frorn Alntshouse Residenis towards maintenance and 5ervicesJ plus Govcrt)menl w'ants toward5 Tevenue expenditure. InvestmeDt lrttome and CharÈt3hle Crants These foi'in part of ihe operaling incotne and Cxpertditure of ilie Charitics, and are thereforc included in the Operating Surplus or Defi¢iL d. Bequests and DonatloD5 Dollations foi. Specific pU￿oSe$ are shown in the income and expenditUL'e a¢¢ount and a ¢orresponding Iransfcr 15 sliown io the relevant restricted ￿nd. Donated land is inLlud¢d at the value at ihe d2te of donation. Income from these.%ollrces is reCO￿lsed when it is probable Ihat it will be received and when the value ca b¢ measllred iEliably. Land and Buildings.. 11) Almshouses and Offices are stsied at cost less aecumulated dcpirciation (see suihparAgraph i below). 121 Investment Properties arc staled at market value and aT¢ revalued indepcrtdently every year. Housing properties ljeld as investments air included as inveslinent properties in order to be con515tent atld 10 give a true fail view. Government Grants Social housing a&sistance, previously known as Social Housing Grants and Housing Asso¢i2tiort Grants {HAG), paid by th¢ Homes and Communitics Agcncy Ifornierly the Housing Corpoixtion), or the Local Autlioi"ity, towards the cost of a dcvclopmenl, are re¢ognised as irtcome using thc accrual model las the Charities aceounl for their housit)g properties at cost). The income is recogni5ed ovei the expected usefvl life of the housing pTopeity Structure. Grant inconie rclating to fvture yeaTS is defcrred and split between creditors less Ihdn and greater tlian l year. Tlie grants could be i"epayable in ihc cvent tliat the relevant PTopertics were sold. A liability is nol recognised in re5pecl of this as the likelihood is i'eniote. Tlie TTU5tees will PTovide for a liabslity in tlie event of a decision being made to sell one oltlie properties. InvestD]ents Investments are 8 fom] of basi¢ financial instrllmenl and init5ally recowsed at their transaclion Vdlue and subsequently measuird al Iheii fair value as ai ilie balance sheet date using the c105ing guoted rnarkel price. The statement of fInancial activities includes the nct gains alld losses #rising on revaluaiion and disposals Ihroughoui the year. Short tcrin, higlily I￿qUid investments are accounted for as fixed asset Inve%tmertls. Inveslnienl propeTties are Tev21ued a]mually. Equipiiievt, Furniture, D'ixture5 and fittings (E F F & ri These itejns lover £5001, wliicli are tiinded fi'om Ihe Charities, incorne. are capitalised at ¢os¢ and depre¢ial¢d over their expecled lives. {See also sub-paragiaph i. below). Impainnent review5 arc carried out when tliere is an indi¢aiion that an asset's recoverable aniount is less Ihan net book value. 16

SALISBURY CITY ALMSHOUSE AND WELFARE CHAIUTIES i o'fES TO TIIL ACCOUIITS A'I'31 DLCLtMBER 21124 C.ONTINuf4 D Deprecl*tlon DepiEciJiion is ¢harged to ￿TIte off tangible fjxed assets, over their useful economie lives, by equal instalments ¢ommencing ill the year of acquiyition. The followillg rates are used.. Almshouses and oifices Equiptnent, Furniture. Fixtures and FiLtings IEFF&FI Depieciation on those parts of the ctssts of almshouse and office building5 which have been funded from the Charities, endowed ¢apiial, in accordance witli the applicable Cliarity Commission Schemes, is charged to the con'espondin% endowed capital a¢count. It is tlierefore shown in Ilie Endowment Funds column of the Stytement of Financial ActLVities. 2/0 to 20°/0 1Q/tsi02￿lo Debtors Debtors art measurcd at the ainounts the CII8Tlties anticipate they will rcccive frorn a debt or ihe amount they have paid in advance for goods or %erviccs. Cash at bxnk And in hand Cash ai bank and ill hand includes cash and cash on dep051t. Llabilltles Liabilities are recognised wlien it is more prob2ble than not that a ti'ansfer of economi¢ bEnefils will be made as a rcsult of past transactions or events, and when Ilie value Can be measured i'eli2bly. Defen"ed income represents Housing Association Grant in¢oJne spilad over the life of the properties. Financial Instruments I'he Charities only liave financial assets and liabilities of a kind that qI￿lifY as basic financsal instrumenis. Thcy are initially reco8niscd at tTansa¢tion value and subscquently measuitd at their settlement value. Endowmtmt Funds Expenditure charged to endowment funds is shown in the Incolne and Expenditure Acwun¢ and transferred to the etiduwmeni fi￿d$. Cy¢li¢al Maintenince aiid Extr#ordiAary Repairs Tlie Tiwstees have esiablished Restricted Fund5 for Cyclical Mainte￿nCe and Exlraordinaiy Repairs in a¢coi"dance with the provisions of tlieii Charity Conmiission Schemes. Eaeli yeaT. the Trustees calculate the aonual charges under their programme for Cyclical Maintenance and Extraoi"dinary Repaiys and include these in the Maintenance Contriblltions charged to Almshouse Residents. The income shomryi in the Income and Expenditurc Account includes tlie ¢lement of the Mainienance Contributions i'elating to the Restrieted Pllnds, and the income on the underlying inve81ments. The expendi￿[¢ Includes Costs incuri'ed on Cycli￿1 Mainienance and Extraordinary Rcpails. The ncl atnounl of the retained surplus or deficit of the Rests'icied Funds is then deducted froin the total sury)lus for the year to leave the sutplus before appropri2tions. The Blechynden & Brown Almshouse Charity Undcr the teJin5 of ihe Charity Cojillnission Scheille daied 6 SeptenibeT 1990, the Blechynden aiid Brown Almsliouse Charity is administered as one of tlie Salisbury City Almshouse and WelfaTe Charitie5, bui subject to greatei. i'&%triction5 OTI the beneficiary group. FOllo￿7￿g the c105ure of the firs¢ OrdeL' for the re¢oupment of sums spent on the i"e¢onstruction of the Blechynden's Almshouses, therefore, the co￿espOndIng investineiit ha8 to conlinuc lo be identified sepai"ately and the incanie applied for the bca]efit of this Charity. q. Mrs Sarah Haytei s Charity Under the lern)s ot'tlie Uiiiting Direction madt by tlie Chai'ity Coinmissioner5. the accounts of Mrs Sarah Hayter's Chaiity are to be combined witl) those of the Salisbury c.ity Alni%hou8c & Welfare Charities but the assets and liabilities are lo be idelltified separately. Sin¢¢ the objccls of Mi's Sarah 14ayter's Charity are wiihin those of tlie Salisbury Cily Almshouse & Welfare Charities, its assets and liabilitie5 have been Ireated as fortning a restricted fund. Buchanan Houslng Ch#rity This charity is regiqtered by the Ch8Elty Commission wiihin the group regislralion of the Salisbury City Alm8house and Welfare Charilic5. Since its obje¢is are within, but morc restt'icled ihan, those of the Salisbui'y City Aln15hou5e and Welfare Cl)aritits, its asscls at]d liabilities liave been ireaied as forming a restricted fund. 17

LISBURY CITY ALMSHOUSE AIN D WF.I.FARF. CIIARITIES NOTE TO THE ACCOUNTS AT31 DECEMIIER 2024 CONTINUED ItLterD21 Property Fund This represents th¢ extcnt lo which almshousc buildEngs have been filnded from the Charilses. aceumulated income (Noie 19). ￿quiValen1 fijnds have been established in respect otmrs Sarah Hayte¢s Charity and the Bu¢lianan Housing Chai'ity. Almshouse Development and MAlor Irnprovement Fund This consists of accumulated income whiLh has been s¢L aside by the Trustees foi" the Dcvelopmellt and Major Iinprovtment of Almshou8es. When work 1$ capilalised and funded from tliis Rcserve (Note 191 an amount equal lo the ¢ost is tl'ansfc￿ed to the Internal Property Fund. Other expenditure Charged to tliis fund is also shown in Note 19. Expendlture F,xpenditure 15 accrued as soon as a Isability is considered probable and the amount of the obligation can be Yeliably measured. Expendi￿re is accounted for on an acciuals ba5Js and has been classified llndcr the headings Ihat aggrcgate all ¢081 related to th&t category. Management artd AdministrY4tlon Co%ts Costs which tannot be altributed dircctly are apportioned between th¢ m¥Lnagement of the aljnshouses. generation of tncome and goverThance of tlie Cliarilies, according to the time speni by the otrice siaifoo the vaTiOUS activities. pe￿51￿n Costs Coniriblllions payable to the Chai'ities, defined contribution scheme are eharged as expellditUTe in the period to which they relate. Provlslons PTovisions are i'ecognised when the Charities have a Present obli8ation tL% a result of a past event alld it 15 probable that ihe Charities will be required to Settle the obligation. Provi.8ions are M￿sUred at the Tn]steas' be8t estimate of thc amount required to settle the obligation. Hollsing Related Support Ineome Ind expenditure Housing Related Suppoit. previously known as Supporting People, in¢ome is shown as a separate item withjn Turnover. BecaLTrse of tlie nature of tlie Charilie%' activities it Is not Mcaning￿l separately to idenrify t]ie related expenditure and it is therefoiE included in Almshouse Operating Expendittjre. Value Added Tax Strecovei'ablc Value Added Tax is in¢luded wstli the relevanl expenditure. St Mary Migdglen's H05Pltal and Little L*nEford Alnishouses This charity and its property wei'e 1raiisfe￿¢d to thc Charities by a Charity Commission Scherne datrd 4 0¢tob￿. 2017. The combination has bccn accounted for using acquisition accounting b￿aUse it did not Ineet the conditions for nieTger accounting. The assets and liabilities have been treated as fonning a IE5tricted thnd. 18

SALISBURY CITY AI,MSIIOUSF. AND WELFARE CHARITIES NOTES I'O THL ACLOUYI I'S A'I. 311)LCEMBbR 2024 CONTINUED 2,1 TURNOVER AND OPERATtNG COSTS - 2024 Turnover and Openiting Costs from Alrnshouses General Needs. Supported Housin 2024 Total 2023 Total Turnover Residents, eontributions receivable.. M&intenanec Less voids Service charges (not eligible for housing bencfit),. Healing and hol waier Catering Electricity tLss voids Housing Related Support Amortised government grallts 261.197 {2,565) 1,176,696 114.350) 1,437,893 116,915) 1,334,560 132,642) 166,931 131,403 21,525 (3,154) 88,237 67.291 178,832 131,403 21,525 {3,154) 88,237 67,291 151.204 20,913 (6.632) 80,108 67291 270,533 1.634,579 1,905.112 1,7L6.813 Operating expendfture Seivices., Heating and hoi water Sei'viccs.. Catering Llectricity (for communal areas) and water WaL"dens, ¢leaners and gardtntrs Speech Call AlarJn systems Routine niaintenance Cyclical maintenallee Majoi" repairs and improvements Building depFe¢ialion Bad debis Other costs 11,901 120,822 106,900 128.109 515,164 34,492 143.454 190,290 294,715 184,318 1,662 18,558 132.723 106,900 130,188 518,949 34,492 152,033 228,359 348,206 237,324 1,662 18,558 107,963 94,914 111,346 465.538 32.280 144,789 250,311 354,016 233,539 978 18.939 2.079 3,785 8,579 38,069 53,491 53.006 170,910 45,890 1.738.484 468,362 1,909,394 514,252 1,814,613 477,287 Management and administration (Note 2b) 216.800 2,206,846 2,423,646 2,291.900 Operating surplu￿{derlCltI £53,733 (£572.267) {£5 18,5341 (£575,087) IAnaEement and Administration {Support eost$) Mana ement Govern2n¢¢ 2024 2023 Staff costs Office expenses Staff training and recruitment Auditor8, remuneration (Note 7) Legal and professional fees Insurance National Associ&tion of Almthouses Costs 330,675 52,423 6,505 7,492 19,921 62,181 4,750 7,404 2,759 348.079 55,182 6,505 17.634 19,921 62.181 4,750 310,587 47,775 22,209 13.142 25,497 53,667 4,410 10,142 £483,947 £30.305 £514,252 £477,287 19

SALISBURY CITY ALMSklOUSF, AND WF.I,FARV. CHARITIE NOTES TO THE ACCOUNTS AT 311)ECb.MBER 2024 CONTINUED 22 TURNOVER AND OPkR4TIIVG COSTS- 2023 Turiioverfyiid Oper￿1111& Cosis Jrofii AlpJiskori$48 Geft¢rtsl Needs SiippoiY&d H014VtiJ 2023 Tuial ruriiover Residiiis'eoiili'ibiilioiik i'eceivdble.. Maijireiidijce Less voids Seivice ¢harges (1101 elixiblefor hoiisiijg bel￿￿￿1).. Heutiiig liot wai¥J- CaieriJTg Elec117City L¢s. voids ￿￿{5111¥ RelaEÉd Suppoi'¢ Ainoi'ii￿d80ve1FtlI[¢1tl gioijis 230.360 (17,207) J.098.200 (15.375) 1,334,500 (32.642) 9,161 142.103 151.264 101.951 20,SJ13 (6,632) 80, 108 07.291 20,913 (4,989) 80, 708 67.291 (J,643) 220,611 1.490,202 1, 7JO,8J3 Ojjeroling ￿Tre11￿1t￿re SE)'vices.' Heoliiig oiid lioi willer Servicu." Caieiytjg Eletfiieiry (fjoi'coniiJiaAtslaYÈrts) aftid waler l¥ovdgKs, cleaiTers &iid¥oi'deJieJs Speec12 CallAl4rni syxtEnlS J4.920 P3.043 94.9J4 109.322 465.558 32.2￿9 125.698 235,220 338.123 173,44sI 978 18,887 1,087,452 43J.397 107,963 94,914 IlJ,346 465,538 32.280 344. 789 250,311 354,016 233.53s) P78 18,939 J,8J4,613 477.287 2,024 19.091 J5.09J J5,8PJ 60.090 Majoi. Iyyoirs 4Tiid i￿aP}y)Ve￿EI1rS 84ddÉb15 Oiljei'cosis 52 127.J6J 45,890 ManageiJt*ii oiidndpiJiJii51ialioii Woie 2b) 175,051 2,lJtl.&49 2.291.900 Opeiaiiiig si4rpliis(defi¢ii) £53,560 (1628.047) (£575,087) M&ii(zseiiieiic#iidAdttiini.ftrulyoii (Siipportcosts) MGJia eiiJeTil Gove￿1￿ 2023 295.058 45.380 22,209 3.oon 25,497 5.1.667 4.4J 15,529 2,385) 3JO.587 41, 775 22.209 13,142 25.497 53.667 4,410 oirlce e.Ipeiitres SrafftJuiiiii)g oiJdrecYuilMeiJl JO,142 Legal L711dpiof¢ssioJialfees Ndiit)iilllA&sOCi4>1ioii ofAIMJlioii$es eosis £449,227 128,060 £477.287 20

SALISBURY CITY ALMSHOUSE AND WELIIARE CIIARII"IES NOTES TO THE A COUNTS AT 31 DLCFMBER 2024 CONTINUED J. INVESTMENT INCOME 2024 2023 Rents receivable from investment properties Income from endowed asset investments IncoTne from cuircnt asset lisied invcsttnents Accumulated incoine on ciirreni as%et listed investments Othet inlcrest 104,024 L82,358 38,381 94,429 108,002 96,887 174.503 39,750 86,056 87,795 £527,194 £484,991 4. RAISING FUNDS 2024 2023 Tnvestment n￿nagement fees Jnvestment property expenditure 20,732 1,739 19.558 10,753 £22.471 £30,311 5. IN'fEREST PAYABLE 2024 2023 lllterest on Housing Loans (partly repayable in more than five years) £14.589 £14,744 6. EMPLOYEE AND TRUSTEE INFORMATION Employee Yumbers 2024 2023 Part time Full time Part tinie Full time Office staff Almshouse staff - wardens, cleaners, ¢ook$ Buildings Maintcnartce Offscer 18 18 12 19 12 19 Total full_time equivalent 22 22 b. Staff Costs 2024 2023 Sal￿7¢5 Social security e05ts Pension costs Redundancy and tertninatioA paymcnt5 821,525 72.866 39.735 722,986 61,309 34,999 30.000 £934,126 £849,294 TheT¢ was one employee during the year whose etnoluments {excludin8 pension eontributions) were in tlje band £80,000 to £90,000 (2023.. olle in the band £60,000 to £70,000). The Clerk LO the Ti￿slee$ is the only paid direelor of the Charities, under the definition given by the Accounting Dii"eclion foi. Pi'ivate R¢gisteiEd Pi"ovidcrs af Social Housing 2022. The Charities consider their key IDaHagtment pcrsonncl to be the Clerk to the Tn]stees. The toial remuJeTation including pension contribution5 of £4,017 pakd to QT on behalf of this employee during ti)e year was £84,365 {2023.. £73,647). The Clerk 15 an ordinary nJember of tlie Charities, pension scheme. 21

SALI.SBURY CITY ALMSIIOUSE AND WF,I.FAiIE CHARITIES NOTES TO THE ACCOUJNTS AT 31 DECEMBF.R 2024 CONTINUED Trustees, Lmoluments No remuneL'alioB was paid to tlie Tiwstees of the Charities in 2024 or 2023. Total expenses reimbursed to Trustees for travel and not chargeable to United Kingdorn inconr tax were £Nil (2023.. £Nill. A prenuum of£i,31612023.. £9491 wa5 paid for l-rustee Indemnity Tnsurance. Pension Scheme The Charities opei'ate a pensioll scheme on behalf of llie employees. The assets of this sthtmt are held sepaixtcly from those of the Cbarities im an ittdependently adminisieiEd fund. Although thjs scheme is principally a defirted contributions scheme, for certain members it qualifjes as a mulLi-employer defjned benefit sclieine. As Ilie Cliarities are unable to identify their.%hare of tlic a5seis and liabilitie5 in this pai1 of ihe scheme, in accoi'dance with fRS 102 it has bcen accounted foi. as a defined contribution s¢heme, but with the inclusion of a provision for the recoveiy of arrears as shown in Note 15. Contribution% paid it] the year were as shown above and aTnounts payable to thc 5cliern¢ at tht end of the year were £Nil12023.. £Nil). On the basis of tlie illo%t i"¢cent Tiiennial actuarial valuation of the s¢heme in September 2023, the Charities will need to make further contributions to the schcmc in iel8tion to past service for t￿.¢e years from l April 2022. In accordance with FRS 102 the accounts include a provtsion for tlii8 amovni which is shown in Note 15. The Chariiies contributed £1,869 during 202412023.. £1,869). In the event that the Chatitics weie to ￿￿thdraW frotn the S¢heme a further contribution would be required hich on the basis of the most recent available valuaiion (30 September 2023) would amount lo £18,749. This I￿S not bttn providcd for in the accounts as Ihe Trustees consider thai witlxlrawal is improbable. 7. SURPLUS ON ORDtNARY ACTIVITIES This is stated after charBirtg'. 2024 2023 Depreeiation of almshouse and oifjce buildings £238,223 £234,438 Depreciation of otlier tsn8ible fixed assets £19,663 £21,343 Welfare Grants: To individuals To other Charities in the Salisbury ait2.' Physically dhsabled Vulnerable and homeless 21.238 31.954 ,500 1,000 3.500 £24,738 £34,454 Auditors. remuneration.. In their Capacity as auditoiB For taxation and other seivices 11,934 5,700 11,335 3,000 £17,634 £14.335 And dfter ciediting.. CTrarttS Teecived from William Botley Charity Manageinerit fees charged to William Botley Cliai-lty Salisbwy City Educa(ional and Apprenticin8 Charity £7.575 £8.877 £158 £75 £330 £90 The Trt￿tee￿ of W&lliam Botley Charity and Salisbury City Educational and Appj'enticing Chaiity al'e 211 comprised of 'frustees of Sali8bury City Almshouse and Welf31'e Chai'ities. The Charities are not required by statute to prepare group atcounts, except in as mu¢h as these accoiints include those of the subsidiary charities which are shown as restricted fvnds. The chariti￿ have no parent undeilaking. In common with many other businesses ofour size and nature we use our auditor5 to a5515t with the preparalioll of tlie financial statements and soine lax complian¢e. 22

SAI,ISIIURY CITY ALMSHOUSE AND IVELF'ARF. CHARITIES NOTES TO THE ACCOUNTS AT 31 DECEMBER 2024 CONTINUED 8. FIXED ASSETS Hou5illg Pyoperties Mrs Saiah Haytei's Chari Buch2ll8n St Mary Housing Magdalen's Charthi Hos Gencral Total Cost At l January 2024 AdditlODS Transfer 7,912,916 19,045 957,000 1,971,329 263.350 1,033,151 11,874,396 282.395 At 31 De¢embcr 2024 7,931,961 957,000 2.234,679 1,033,151 12,156,791 Depreciation At l January 2024 Charge for die yeaT 3.068,622 156,778 440,213 19,140 592,274 40,743 62.663 20,663 4,163,772 237,324 At 31 DecemlKr 2024 3,225.400 459,353 633,017 83,326 4.401,096 Net book vglue Ai 31 December 2024 £4,706,561 £497.647 £1,601,662 £949,¥25 £7,755,695 Ar l January 2024 £4,844,294 £516,787 £1,379,055 £970,488 £7,710.624 These PTop¢rties consisted of ihe following categories of a¢commodalion-. 31 December 2024 Sheltcred housing Undei ¢onstruclionlr¥Rovation Wardens, liouses General needs houshng.. In use 180 25 37 192 25 234 31 Deetmber 2023 Sheltered housittB WaTdell5' houses General needs housing.. In use 179 190 24 36 191 24 232 All housing propcriies al'e held freehold, except for cert2in propertie5 held by the Buchanan HO￿8￿ng Charity on veTy long leases {more Ihan 500 y¢ats remaining). The net book value of these Ic&seliold properties zt 31 December 2024 was £250,640 (2023.. £260,280) and the depreciation charged on them duTing the year was £9,64012023.. £9,640). b. oifLces- Freehold Land aRd Buildings Total Cost Al l January 2024 and 31 Decetnber 2024 44.960 DepreciAtion At l January 2024 ChaTg¢ for the yeai. Al 31 December 2024 21,580 899 22.479 Net book value At I l Deccinber 2024 £22,481 At l January 2024 £23.380 23

SAI,I,SBURY CITY ALMSHOUSE Af*D WELFARF, CHARt"riES NOI'F,S TO THE ACCOUNTS AT 31 DECEMBER 2024 C.ONTINUED 8. FIXED ASSET8 (CONTINUED) Investment Propertle$- Freehold Land and Buklding5 ThTee Sho Two Houses Total Valuatloll #s at l January 2024 Unrealised g2insl(losses) on revaluation 940,000 {65,000) 650,000 70,000 1.590,000 5,000 Valuation as at 31 Dtcejnber 2024 £875.OIM) £720,000 £1,595,000 These propcrtie5 were valued as at 31 Decembu 2024 and 3 I DecembeT 2023 by MessL'5 Woolley & Wallis, Chartered Surveynrs, on the basis of open markel value. Their IIEstoric eosis are not krJ(Jwn. 'fhe valuers are considered to be independent of the Cliai'ities. d. Fixed Asset Investments Blechynden and Brown Almsliouse Ch2ril Gcneral ndowmcnt Fund Mrs Surah H#y￿r'S Chari Total Market value at l January 2024 Investments received in specie Additions Disposals Inveslmcnt incolne a¢¢rued Investment n￿nagement fees Unreali5ed gainsl{105ses) on Tevaluation 5,637,162 143,839 192.317 1174,5911 3.962 111.953) 213,057 10,424 3,045 5.650,63 1 143,839 192.317 (174,591) 3,962 111,953) 213,361 235 69 Market value ai 31 Decetnber 2024 £6,003.793 £10.659 £3,114 £6,017.566 Historic ¢ost'. At 31 Decembcr 2024 £4,124,477 £6,198 £1,622 £4,132,297 At 31 DE¢ember 2023 £4,063,626 £6,198 £1,622 £4,071,446 The market value at 31 December 2024 was ma(fe up as follows.. Charitable commoll iE)vestment fi]nd5 2.392,386 Listed inveslmcnt8'. IIK fixed interest UK equitics 10,OS9 3,114 2.406,159 335.552 3.229,394 46,461 335,552 3,229.394 46,461 Cash £6,003.793 £10,659 £3,114 £6,017.566 ENDOWMEN'fs REcobpifD Investnients held in Charitable Coinmon Investment funds Blechynden and Brow Almshouse Charit Mrs Sarali Hayt￿'S Chari 78,682 1,21X) Tota 107,197 1,270 L3 5,492 Market value al l January 2024 Capital i'ecouped {Note 17) Other addition UnTealised gainslllossesl on revaluation 28,515 70 1.452 4,040 Market value at 31 December 2024 £30,037 £83,935 £113,972 Historic cos1= At 3 5 December 2024 £12,733 £28.969 £41,702 At 31 De¢ember 2023 £12,663 £27,769 £40,432 24

SALISBURY CITY ALMSHOUSE AND WELDARE CIIARI'fiES NOTES TO THE ACCOUNTS AT 31 DLCF.MBEI R 2024 CONTINUED 10. OTHER FIXED ASSETS Equipmen¢ Furniture, Fixtures gnd Fittings Almshouses OtTices Total Cost As at l January 2024 Addi(ions Disposals 271,678 4,020 60,193 1.384 331,871 5,404 As at 31 Dccembcr 2024 275,698 61,577 337,275 Depr¢¢lation As at l January 2024 Charg¢ fgr the year Dispogals 208,967 16,534 56,384 3,129 265,351 19.663 As at 31 Decert]ber 2024 225,501 59,513 285.014 Iyet Book Valut At 31 Decemb¢r 2024 £50,197 £2,064 £52,261 At l January 2024 £62,711 £3,809 £66,520 It l5 estimated that the office equiptnent is used 500/0 foi. the 5UPPOrt of direct chai'itable work and 500/0 for the management and administration of the Charities. 11. DEBTORS 2024 2023 Residents, Contrsblltions in aiyears Otlier deblois Prepayments 5,514 9,106 48.596 3.900 25,488 51,307 £63,216 £80,695 12. CURRENT ASSET INVFSTMENTS Buchanan Stmary Flousing Magdalen's Chai'i Hos General Unrestricted Fund Extraordinary Repair Fund Total Market value at I lanu2ry 2024 Additions Disposals In¢ome accumulated Itjvestment management fces Other Dinvement in cash Unredlised gain5111055es} 618,089 4,247.674 468,549 {598,137) 38,988 18,7791 2,149,525 7.346,699 470.836 {852.155) 127,266 {8,779) 2,287 {254,018} 88,278 18,520 13,388 262,549 84,110 378,567 Market value at 3 1 December 2024 £382,591 £347.086 £4,410,844 £2,321,913 £7,462,434 Historic cost.. At 31 December 2024 £192,428 £223.307 £3,581,253 £1,709.178 £5,706,166 At 31 December 2023 £326,688 £221,020 £3,745,226 £1,620,900 £5,9L3,834 The niarket valut at 31 Decembei. 2024 was made up as follows.. ComInon Tnve5tmeDt Funds 382,591 347.086 Listed invesiments.. Equities Fixcd interest C8sh 1,964,387 2,321,913 5,015,977 1,859,726 1,859.726 492.(A5 492,645 94,086 94,086 £4.410,844 £2,321.913 £7,462,434 £382,591 £347,086 25

SALI,SBURY CITY ALMSHO SE AND M'ELFARE CHARITIES i o'fES I'O THE ACCOUNTS AT 31 DECEMBER 1024 CONTSN'UED 13. CREDITORS- Amounts falliDg due within one year 2024 2023 Housing loans Re.%idenis contributions received in advance enls i'eceived in advancc Other creditors tkfetTed incotne- Government grants A¢¢nJals 1,757 4,517 1,207 114,083 67291 68.364 1.584 883 115,746 67.291 85.975 £267,219 £276,591 14. CREDITORS; Amount5 falllng due after more than one year 2024 2023 Housirtg loans for.. GIoucc5ter Hi)use linteresl rate I1.37SQ/o Tr5nity l-lospital {inlerest rate 9.50/01 Deferrd iiieome- Govemment gi?llts 72,320 63,672 1,688,621 73,364 64,386 1,755,912 £1.824,613 £1.893,662 The loans aTe secured on die i'espective developmenls and have fixed rates of inttrest. They are rq)ayable, by half-ycarly instslments, over 60 years Ulltil 2044 {Gloucester House) and 2049 (Trinity Hospital). The toyal 8moulll repayable aftei more than five years wa5 £126,831 £131,885 Deferred income 2024 2023 Brou￿]1 fotward at l Jan￿ry 2024 Released in the yeaT Defen'ed it] the yeai. Ca￿led forward at 31 December 2024 1.823,202 {67,291) 1,890,493 (67,291) £1,755,911 £1.823,202 IS. PROVISIONS FOR LIABILITIES AND CHARGES 2024 2023 Brought forward peDSiOll liability at l January 2024 Unwnding of the discount factor Deficit contribution paid In)pact of cliange in assumplion and Contribution scliedule Carried forward pension liability at 31 December 2024 As mentioned in Note 6d, the Chariiies pension s¢lieme is accounted foi" as a defined contribuiion 8ehein¢ but a provision has been included for the past service element payable with the aini of eliminating the deficit on the schcmc. The amount i'ecognised is the pi'esent value of contributiops pay261e that result from the terms of tlie agreement. Incume and expenditure impact Unwit]ding of the discount faLtor Impact of ¢hanEe in assutnplion and contriEiution schedule 2.025 3.711 183 (1,869) {1,869) 4,344 £4,500 £2,025 2024 2023 183 4.344 £4,344 £183 As$llmption5 Rate of discount 2024 2023 4.90°10 The di%count rates above are the equivalent sillgle dis¢ourtt l'ates which. when used to discount the future recovery plan contribiitions due, would give the same results a5 Usirtg a full AA COTPOIEte bond yield curve to discount the same rccovery plan contributions. 26

SALISBURY CITY ALMSHOUSE ANI) WELliARE CHARITIES NOTES TO THE ACCOUNTS AT31 DLCEMBER 2024 CONTINUED 16.1 ENDOWED CAPITAL- 2024 Blcchyllden General and Blown Endowment Almqhouse l-.und ChaTiI Mrs Sarah St Mary Hayrer's Magdalen's Charit Hos 2024 Total Balance as at l Jalluary 2024 Donation received Depi'eciatioll of buildings Investmcnt Tnanagement fee Investrnent income accumulated Realised gains on disposal of inve5tmertts Unrealised gains on revaluatio of inveslment properties Unrealised gains on investmenls Balance AS at 31 Decctnbel" 2024 £7,787,888 7,423,846 143,839 17,588) {11.953) 3,962 10.424 35,444 369,600 7,839,314 143,839 (17,188) {1,2001 18,4001 3.962 17,725 17,725 5,000 213,057 5,000 213,361 235 69 £10,659 £34,313 £361,200 £8,194,060 J&2 ENDOWED cApifAL- 2023 BlecliJvJdeiT aiidBJvivpi Geiie1Tr71 Eiidoivnienl Mrs Soiali Si Mary Huylep'.¥ Alrtgdaleii's Chart Hos 21J23 Toial BGluJicÈ as thi l jail￿0?)1 2023 7,026.099 9,533 30.384 378.000 7,450.016 eprÈcidlioii of biiTldiiigs Jpivesimeiil ilToJiogenieJiifees (7,JS8) (lJ,223) 3.221 (J,200) 18,400) (17.J88) (Jl.223) 3.221 Re4lis£dgJip15 oji di$po¥al 5.531 5,531 UnTedllsedgaTiis I'evuluaiio fifriijeslnientpropei'ries UlliEalisedgoiits nii tiives£Jiieiil$ é5,000 302,806 45,DOO 363,957 260 BoloFi¢É Éjs Gi 31 Decefviber 2023 £7.423.840 £JO.424 £35,444 £369.60 £7.839.314 17. ENDOWED CAPITAL TO BE RECOUPED Tlie Charity Commissioner5 thrdered that sums expcnded on the Tewnstrllction of Ble¢hynden's and Mrs Sarah Hayter'5 Almshouses should he recottped from incomc to capital. Two recoupmcnt ordeis are now in for¢e'. lil On 5 Marth 1980, for £70 per year for 60 yean fo 2040, to geneTate (li) On l June 2000, for £1,200 per yeai. for 50 ycars lo 2050. to generate Capital recouped is held in Charitable Common Investment Funds (Note 9). 20,037 60.000 £80,037 27

SALISBURY CITY ALMSH()USE AND WF.LFARF. C.HARI'fiES NOTES TO THE ACCOUNI'S AT 31 DECLMBER 2024 CONTINUED 18.1 RESTRICTED FUNDS- 2024 SCAWC Mrs Sarah BuchAnall Stmary Almshouse Ilayter's Housing Magdalen's Charitie Charit Clik)ri H05 (Note 18.3al Oqote I $.3b) (Note 18.3c) (Note 18.3dl 318,223 87,318 166.839 52,188 139,594 11,684 24,917 15.499 520 2024 Total Contributions from residents Inve%trncllt income Othcr inc¢ Legaci¢% and donations Exptnditui'e 624,568 191.694 520 4,000 1736.7121 4,000 {384,815) {144,327) (176,521) {31,0491 Net income Realised g&in5 on investments Unrealised gttins on investments 77,002 {44.805) 15,235 8,982 32,288 36,638 84,070 8,982 116,018 65.825 3,919 13,986 Net movemenl in funds before transfers Transfei. from unresti"icied funds Endowed capiial recouped Balance atl January 2024 142,827 140.886) 56,505 50,624 209,070 {1,200) 429,337 £387,251 £2,768,107 £1,067,421 (1.200) 7,176,299 3,018,563 2,711,602 1,016,797 Balance at 31 December 2024 £3,161,390 £7,384,169 The fund balantes include the following unrealised gainsl{losses)'. A5 ai 31 Decembcr 2024 £450.123 £19,092 £448,800 £91,957 £1,009,972 As at l Januaiy 2024 £384.298 £15,173 £416,512 £77,971 £893,954 The IransfeT to re8hi¢ted funds consists of additional contributions to the extt?ordinary repair fund of £Nil (2023.. £45,858) reflecting expenditure on bDilers and environmental energy schemes. 18.2 RE$r￿cTED FUNDS- 2023 SCA WC Mjs S4ivli Hdyiei s Charli Buchaijaii Hoiisipig Cljaii Si Mttiy A4ogdGleiT'5 HÉLI Aliiisliouse Churilies (Noie J8.4a) 01012 18.4b) fNoie J8.4c) INoiE 18.4d) 154, 765 28.019 22.269 14,141 2023 Toi41 304,J 76 121.662 81,003 9,833 969 508.023 767,s)05 969 4.056 (003,OJ5) Legacles onddoiiaiioijs ExpeiidiÉiiJe 4.056 (372,502) (44.067) (JlS.154) (33,272) 57,392 7.778 63,880 8.888 1,992 33.421 J57.93& J,Q92 145,532 Realisedgaiiis oji iijves1*)eiJts UiiiealisedgrtliJ$ on iiiveslnJertl$ 34.124 2.032 75,&J5 Nel iiiove#ieJii tii.fiiniJs befoi'e Iraiisfei 91,530 45.858 9.8JO 339,835 44.301 285,402 45,8J8 (J,200) 6.846.179 Ejidowed Capiial i'¢coiiped Balance ai l Joilttary 2023 (1.200) 420. 727 2,881,189 2,571, 707 972.496 Baluiice 0131 D¥ceJpibei' 2023 £3.OJ8,563 £429,337 £2, 711.fj02 £1,016,797 7. 170,299 28

SALISBURY CITY ALMSHOUSE AND WF,LbARE CHARITIES NOTE% TO THE ACCOVNTS AT31 DECEMBER 2024 COINTINL'ED 18.3 RESTRICTED FUNDS (continued) SCAWC Almshouse Ch21'fities- 2024 Specific Almshouse Funds Cy¢li¢al Extraordirtary Maintenancc Rcpair Fund Fund Toial Contributions from irsidents Investment incom¢ accumulateij Legacies and donations Expenditure 202,626 33,487 15,597 106,107 318,223 139.594 4.000 (384,815) 4,000 1166,743) (218,0721 Net income Transfer from Untestticted Funds Unrealiscd gainslllosses) on inveslmenls 4.000 69,370 3,632 77,002 65,825 65,825 Net movement in fijnds Balaiice al l January 2024 4,000 12,711 69,370 599,909 69,457 2,405,943 142,827 3,018,563 Balance at 31 Decemb¢T 2024 £609.279 £2,475,400 £3,161,390 Mrs Sar4h H&yter's Ch2rlty- 2024 Cy¢li¢al ExtraoTdinaiy Main￿nanCe Repair Fund Fund General Fund Propeity Fund Total Conts'ibutiOn5 from residellts Inveslm¢i)t income Othei. in¢on Expenditure 61,106 85 520 161,2191 18,708 4.102 7,504 7,497 87,318 11.684 520 (144,327) (23,548) 141,620) {17,940) Net 5ncome Unrealised gasns on invcstments Endowed capitsl recouped Loan from SCAWC repaid 492 17381 (26,6191 3,919 (17,9401 144,8051 3,919 (1,200) (1,200) {12,OIKJI 12,000 Net tnovement in funds 112,7081 27,2L 1738) 84,038 (22,7001 164,996 {5,940) 153,092 142,1)861 429,337 Balan¢e at l January 2024 Balance at 31 December 2024 £14,503 £83,300 £142,296 £147,152 £387,251 BuchAnAn Houslng ChArlty- 2024 Cyclical Extr201Ylinary Mailllellance Repair Fund Fund General Fut]d Property Fund Total Conti'ibuti0tts froin residents Invesllnei)t inconie Expenditure 129.353 2,105 {47,569) 22.777 5,036 138.070) 14,709 17,776 {50.139} 166,839 24,917 1176,5211 (40,743) Nei incomc Realised g#irs on investments Unrealised gains on i#v¢stmcnts Addi(ions of housing propelty 83,889 8,982 18,520 1263.350) (10,257) 117,654) {40.743) I S,235 8,982 32,288 13,768 263,350 Net movement in fi]nds Balance at l January 2024 {151,959} 800,236 (10,257) 104,609 (3,886) 427.698 222,607 1,379.059 56,505 2,711,602 Balance at 31 December 2024 £648,277 £94,352 £423,812 £1,601,666 £2.768,107 29

SAI.ISBURY CITY A MSHOUSE AIYD WELEIARE CHARITIES NO'I'FS TO THE ACCOIINTS AT 31 DECEMBER 2024 CONTINUED 18.3 RESTIUCTED FUNDS (Contlnued) St Mii'y Magdalell'5 Hosplt21- 2024 Cyclical Extraordioary Maiiilenance Repair Fund Fund GetLeTal Fund Property Fulld Total Contribution% from i'esidents Investment income Expenditure 52.188 14,872 52,188 15,499 131,0491 627 345 112.263) Net income Alntshouse iniprovements Realised gains on itjvestmenl Unre81ised gains 00 investmej 47,929 972 (12,263) 36,638 13,388 598 13,986 Net movement in funds 61,317 91,676 1,570 320,445 112,263) 600,888 50,624 1,016,797 Balattee at l January 2024 3,788 Balance at 3 l Decejnber 2024 £152,993 £3,788 £322,015 £588,625 £1,067,421 18.4 RksfRicfFD FUNDS- 2023 SCAIYCAliii$kou$e ClioriÉie&- 2023 Sp£¢l[Ic Alpnslioiise Furtdtr Cyclical Ex￿￿oi.￿lI101Y Repair FMiJd Fulid Toiul CoJift'ibiiiioiisJJoTri i'esidevi$ lQl,384 27,374 112. 792 94.288 304.176 121.662 4.056 (372.502) LEgacics ¢inddoiiaii011s 4,050 (227,768) (144,734) Nei iiieoijie 'upJs]ei'froni UiiresiricffedMiiJd5 UiJi'ealitredgai)Is/Oosses) oij ijivoviiieKIs 4,056 (9,n/o) 02.346 45.858 34.124 57.392 45.858 34,124 4.050 8.655 (o,oJo) 608.919 142,328 2,263,615 137.374 2.881,189 Bolaijce ai l Jaiiyaiy 2n23 3alaip¢e 0132 De¢eJiJb2r 2023 £J2. 71J £2.405,943 £3,018.503 MYS Sllp￿h HaytEr's Cliority- 2023 General FuiTd Q?clical MlliiilEiJttiJce Fiiijd EYiiaoi"dtii&ry kepaii. Propei'ly Fiipid Tollll Coiilyibiilioiisfivm iysidenl J6,O45 84 909 (54,757) 37,732 3,221 7.280 6.526 81,063 9.8.13 909 (84,087) ErJpwJ4lirii¥e (7.453) (3.937) 117,940) Nei iiicvnie 2.34J 15.500 9.877 2.n32 (J7,940) 7, 778 2.032 (J.200) Unre¢Tlised losses oil iJlVSliJiArx EiJdo¥v¥dcfipiitsl rgL'oiiygd Loojifroiv SCA Wcrepaid (1.2fjn) (12.000) 12,000 Nel njoventejii èvfiiiids ulqiiee oi J Jrtiiiluiy 2023 (JO,8551) 38.070 13,500 JI.909 15.940) 159.032 8.6JO 70,538 153,087 420.727 Bolaiite ai 31 DeceJtJbeY 2023 27.211 £84.038 £J64,996 £153,092 £42Q,337 30

SALISBL'RY CITY ALMSH(IUSL AND WF,I,FARE CHARITIES NOTES I'O THL ACCOUN'T.S AT 31 DECEMBER 2024 C.ONTINUED 18.4 RESTRICTFD FUNDS- 2023 (¢oNiiiJuedJ Buehunaii Hojisiiig Charity- 2023 Cycli¢al Moipiieiiaiice Fiiiid 'iJaoi'dinary Rewiiy Furtd Ggiieial Fuiid Fiiiid rolal Coniribiiliopisfroin i'e$ideiJl$ lJ9,234 1. 725 (J&551J 21.589 4,279 (15.091) 15.942 16.265 (2.086) J54,765 22.269 (lJ3,154) peiidiliire (39,426) Nei I￿￿&￿e Rertlisedgiiins oil ipiv&srmen15 UiJreali3d l()S.Igs iTJveslnieiils Addiiioiis ofliou5iiigpjop¢tty 01.408 10,777 28,12J (59.426) 65.880 68,8J8 7.J37 75,955 NÈI moveijioili ipJfiind$ Buloiiee4Ji l Juiiiiury 202J J33.226 JO.777 93,832 35.258 (39,426) 1.418,485 139,835 667,010 392,440 2,571. 707 Bulaiice ai 31 Deceijtbey 2023 £800,236 £104.009 £427,698 £J,379,059 £2.711,602 SIm4ryJll￿gd￿IelI'& HoJpiiol. 2023 Cyclical AlaiFileTiaiT¢e ExiJaoYdiiJdry Rcpaii. Fujtd Genefral Pyoperry Fiiitd Tuful 23.$166 13.558 (21.009) 3. 788 2.205 583 28,OJg J4,14J (33.272) ExpeiJdTliire (12.263) Nei iii¢onJe TpoiisfeJ'liviJi Gellel￿1 FuNd Reali5ed losses iiivesinJeiil& Unr¢olised losse5 opi invcsi*ieiiis 14.5)5 (194.706) l.P92 33,Jll 3.788 2,84& (12.203) 194,706 8.888 1,992 33,423 310 Nel pl0ve￿I¢ll1 iiJfuFJds Balaijee di l Jttiiiillry2023 (145,088) 236,704 5.78 3.158 182,443 44,30J 317.287 4J8.445 972,496 Boloiice ui 31 De¢eiJiber 2023 £91,676 £3.788 £320.445 £600,888 £I.OJ6,7P7 31

SALXSBURY CITY ALIM HOUSE AND WELIIARE CFIAlU'fiF.S NOTES TO THE ACCOUNTS AT 31 DECEMBER 2024 C.ONI TINUED 19.1 UNRESTIUCTED FUNDS- 2024 Almshouse Development artd Improvement Fund Intemal Propeity Fund Genera Fund -rola1 Surplusl{deficit) on unrestricted funds.. Sury)lus on Bentral fund Income credited to de5ignaied funds Bxpenditure cliarged lo designated funds Almshouse improvements Depreciation olalmshouses InvcstTlleni management fees Pension selieme dcficit 15,848 15,848 41,240 41.240 (38.676) 138,6761 (82.798) 18,779) 14,344) {77,509) 182,7981 (8,7791 (4,3441 Surpluslldeficitl oll unrestri¢tcd fvnds Almshouse developnients Recoupment of bojlers and capital Repayment of liousing loans Repiymcnt of lo#rt to Sarah Hayt&s Charity Appropriation of %iiJplusl(defscit) Realised gains1(105ses1 on investments Unrealised gain￿{loS8¢sI on inve51tnents Pension 5¢1ieme gain￿(deficI1I (82,798) 19,045 (10,559) (19,045) 15.848 170) (1.5841 (701 I,S84 112,0001 12,000 14,194 8.161 262,549 2.475 114,194) 8,161 262.549 12,475) Nel tTh)vement fi]nds Balance at l January 2024 174.1691 3,040.219 269,775 4,122.139 12,4751 357,975 193.131 7,520,333 Balance at 31 December 2024 £2,966,050 £4,391,914 £355,500 £7,713,461 19.2 UNRESTRICTED FUNDS- 2023 Devglopiiieiil oiid J1)tprO￿lJIery1 Fiind Propeifjj Fund General Fiind Toial {257,824) (JJ.397) (257.824) JiiLofr)JÉ erdiied ro desigiiai#df&Jid3 &Ywi?diltiYe chaJ¥edio désigiioredltlJTds 31.397 (16B,174J 188.174 80,328 D¢pi'e¢iaiion olulTJtshoiisgs Al￿a.¥hOlI.Ve￿I1.ckuSe3 AliJi.FIIoiise developiÉlll.g Re¢(JupiJteiJt ofboilers Repaynieill oflioiisi?i¥ loaijs Reptt)JiJieiii olltruij ro Soyali H4tylci-'s Choiily ApPl￿P}i￿11￿jl ofsurpl4Jl(J*Jicii) Realisedgaiiis/(loss￿J oji itivesriiieiil UrtiEolisedgaiiy/llosses) on InvesijijÉ￿1s PepisTOii sclieiiiegaiji$/{defieii) (80,328) 246,924 38.103 Q40,1124J {58,J03) (45,P28) (1.429) (45.g26) 1,429 {J2.000) 12.000 (67.874) 19,262 36.1.086 (3,688) 67,874 19.202 363.680 1.888 Mnvenjeiil ipifiiJTds Bal£Fiice OÉ l Ja1114oiy 2023 174,128 2,866,Q9J (96,018) 4,2J8,757 J,686 350.28 79,196 7,441, 137 Bolaiice 31 Deceiiiber 2023 £5,040,2J 32 £4.J22.J3Q £357.975 £7.520,333

SALISBURY CITY ALMSHOUSE AND WELFARE CHARI'I'ICI S NOTES TO THE A OUNTS AT 31 DECE￿IBER 2024 CONTINUED 2Q.I ANALYSIS OF NET ASSETS BETWEEN FUNDS- 2024 Unrestricted Funds Reslricted Funds Etldowment Funds Totsl Fixed Assets Almsliouses Offjees Investhient properties Investments 5,158,159 22,251 2,016,737 580,799 230 1,595,000 6,131,538 7.755.695 22,481 1,595,000 6,131,538 52,261 52.261 5,232,671 4.410,844 939,847 (267,219) 11.824.613) 319,295 {4,500) 2,016,737 3,051,590 1,542,276 8.307,567 15,556.975 7,462,434 2,482,588 (267,219) 11,824,613) Curretjt asset investtnents Other CUTrent assets Cutreni liabilities Long tem liabilities Loan io Mt's Sarah Haytews Charity Provisions 465 {319,295) {4,500) £8,806.325 £6,291.308 £8,308.032 £23,405,665 The loan to Mrs Sarah Hayter's Charity w&s provided from the Unrestricted Fund5 of the Salisbury City Alin%house and Welfare Charities to enable the almsliouses owned by Mrs Sarah Hayter'8 Chai'ity to be rebuilt. It is interest-free and is bcing repaid out of die incotne of Mts Saia]i Hayter's Charily. 20.2 ANAL YSJS OFNET A.￿ETs BETWEEJV FUNDS- 2023 Uni'esrJi¢i¢d PL4nd kesiricied Fuiidv EndowJJieiJi Fuiids FlxedAssels Almshoiitses OJTiees ltyve.rijiieiitpiY)peTIi 4.246,351 23,J4J 2,866.293 597.98 239 J,590.000 5,757,828 7.7JO,024 23,380 1.590.oon 5, 757,828 00,520 EFF&F 00,520 4.336.012 4.247,674 777.030 Q70.SQJ) (1,693,602) 331.295 (2.025J 2.866.293 3.099.025 7,542,276 7,946,047 15.148.352 7.346,099 2,320,370 (276.591) (1,8PJ.662) C1117*ITi tsssei ijtvosriiieiils Oilier cyrrenr USSEIS 404 ng ieTTri liabiliiies L4)aii lo MJs.foioli Haylei & Chaptty (331,2P5) (2.025) £7,520.333 £7.17Lf,2P9 £7.940.51J £22,643.J43 21. CAPITAL COMf¢iITMENTS As at Balance Sheet date the Chariiies had con]n)ilments as follows.. 2024 2023 Conli?cted for but not PTQVLded in the accounts= £0 33

SALI8BURY CITY ALM.8MOUSE AND WF.LFARE CHARtTIES NOTES I'o"fElb ACCOUNITS AT31 DKCLNIBER 2024 CON'fiNUED 22. PJUOR YEAR STA TEMENTOF FJNANCJAL ACTIVJTJES Rvslricled Fupids Ejidoivnieni Fiiii Toiol 2023 Noie Fiilids INC'C)Mli FROM Chupilable Aclivilie5 ri¢riJovep 1,004,833 76,660 67,2PI 564,58J 3.442 J,569,4J4 80.J08 67,29J HoitsiiJgRelalEdSiip￿rl l.J48.790 568,023 1,7J6.813 Surpltis 1,235 4,056 5.291 liiv&viiieJii.f 3JS.865 J07,905 3.221 484,991 Ofiter incoijié 18.269 969 19,238 1,482.159 740,953 3.221 2,226,333 EXP£NDJTURE ON Rfjisiiig Frixds 19,088 11.223 30,3JI Chorilable AeilvAflÈs Al#ishoMsE opeYllliRg cos1$ Almshoiise iJidNageni¢ni J.247.070 424.627 34,744 55n,364 52.65] J7.179 1.814.013 477.287 1¥.744 1.080,441 34,454 003,015 17,J¥8 2.306.644 34.4J4 WelJaregiyynis 1. 72n,895 603.015 17,788 2,341.098 Tolal 4Ypertdiiur8 J.739,983 603,OJ5 28.411 2.371,409 Nei lii¢oiMej(￿PE1t￿l1wTeJ b¢loYeg•iiJs (257.824) J37.938 125.JPO) (145.076) OTIIER GAINSAND LIIYSES RefjlJ5edgAi¥t.￿(1thT.%EsJ oir Ai5FOSlII.. 19.262 1,992 5.531 26. 785 UnJ'ealisedg&lfvs/f70Sses) i'evalualioii.. Jvvesitsieiiis JnveJÉThieiilpJopeJ'lles 363.680 145,532 375. 755 45,00 884,973 45.000 J5 Nel iucoiftieJeipepidlhir¢ Tpaiisfei¥ behveeFJftsJtds J25.124 (45.928) 285,402 44,658 4OJ,096 J,270 8Jl.682 79.196 330.120 402,306 811.082 Fund b•laNce$ ul J JL7nilai)J 2023 7,44J.337 840,179 7.5J14.J45 21,83J,40J Fuiid bthlaneu oi 31 Deceinber 2023 £7.520.333 £7,176,299 £7,946.5JJ £22.643, 143 34