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