| Page | |
|---|---|
| Trustees' report | 1 -3 |
| Statement of trustees' responsibilities | 4 |
| Independent examiner's report | 5 |
| Statement of financial activities | 6 |
| Statement of financial position | 7 |
| Notes to the financial statements | 8-18 |
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2025 | 2024 | ||
| Notes £ | £ | ||
| Income and endowments from: | |||
| Charitable activities | 2 | 116,946 | 101,818 |
| Investments | 3 | 29,020 | 30,325 |
| Other income | 4 | 16,016 | 34,552 |
| Total income | 161,982 | 166,695 | |
| Expenditure on: | |||
| Charitable activities | 5 | 185,624 | 243,718 |
| Total expenditure | 185,624 | 243,718 | |
| Net gains/(losses) on investments | 7 | (33,813) | (1,067) |
| Net expenditure and movement in funds | (57,455) | (78,090) | |
| Reconciliation of funds: | |||
| Fund balances at 1 April 2024 | 4,791,776 | 4,869,866 | |
| Fund balances at 31 March 2025 | 4,734,321 | 4,791,776 |
| 2025 | 2025 | 2024 | |||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| Fixed assets | |||||
| Property, plant and equipment Investment property |
9 10 |
2,754,479 1,683,000 |
2,783,471 1,683,000 |
||
| Investments | 11 | 283,489 | 322,385 | ||
| 4,720,968 | 4,788,856 | ||||
| Current assets | |||||
| Trade and other receivables | 12 | 13,334 | 18,995 | ||
| Cash at bank and in hand | 66,410 | 84,997 | |||
| 79,744 | 103,992 | ||||
| Current liabilities | |||||
| Borrowings | 13 | 10,149 | 10,149 | ||
| Taxation and social security | 25 | 129 | |||
| Other payables | 14 | 11,063 | 35,490 | ||
| Deferred income | 16 | 670 | 670 | ||
| 21,907 | 46,438 | ||||
| Net current assets | 57,837 | 57,554 | |||
| Total assets less current liabilities | 4,778,805 | 4,846,410 | |||
| Non-current liabilities | |||||
| Borrowings | 13 | 44,484 | 54,634 | ||
| (44,484) | (54,634) | ||||
| Net assets | 4,734,321 | 4,791,776 | |||
| The funds of the charity | |||||
| Unrestricted funds | 18 | 4,734,321 | 4,791,776 | ||
| 4,734,321 | 4,791,776 | ||||
| Th fiil d b | h | .'.^Mf.l^3^ |
| Unrestricted Unrestricted | |
|---|---|
| funds funds | |
| 2025 2024 | |
| £ £ | |
| Almhouse activities | 111,425 99,890 |
| Feofees Hall income | 4,840 1,408 |
| Miscellaneouse income | 36 35 |
| Donations | 645 485 |
| 116,946 101,818 |
| Income from investments | |
|---|---|
| Unrestricted Unrestricted | |
| funds funds | |
| 2025 2024 | |
| £ £ | |
| Rental income | 24,553 25,935 |
| Interest receivable | 4,467 4,390 |
| 29,020 30,325 |
| Unrestricted Unrestricted | |
|---|---|
| funds funds | |
| 2025 2024 | |
| £ £ | |
| Net gain on disposal of investments | 16,016 34,552 |
| Management | Cost of | Grants | Interest | Total | |
|---|---|---|---|---|---|
| costs | sales | payable | payable | ||
| 2025 | 2025 | 2025 | 2025 | 2025 | |
| £ | £ | £ | £ | £ | |
| Direct costs | |||||
| Staff costs | 10,083 | 10,083 | |||
| Advertising | 184 | 184 | |||
| Feofees Hall expenses | (3,648) | (3,648) | |||
| Postage, stationery and telephone | 801 | 801 | |||
| Professional fees | 3,495 | 3,495 | |||
| Sundries | 2,971 | 2,971 | |||
| Call Care | 5,394 | 5,394 | |||
| Town Halt depreciation | 470 | 470 | |||
| Freehold Almshouses depreciation | 28,522 | 28,522 | |||
| Almshouses - normal maintenance | 45,349 | 45,349 | |||
| Almshouses - exceptional repairs | 36,833 | 36,833 | |||
| Amshouses - Water and sewarage | 8,005 | 8,005 | |||
| Almshouses - heating and lighting | 32,059 | 32,059 | |||
| Almshouses - insurance | 4,347 | 4,347 | |||
| Almshouses - rates on void properties | 312 | 312 | |||
| Interest | 1,877 | 1,877 | |||
| 42,878 | 132,299 | 1,877 | 177,054 | ||
| Grants paid | 6,158 | 6,158 | |||
| Independent Examination fee | 2,412 | 2,412 | |||
| 45,290 | 132,299 | 6,158 | 1,877 | 185,624 | |
| Analysis by fund | |||||
| Unrestricted funds - general | 45,290 132,299 | 6,158 | 1,877 | 185,624 |
| 5 | Expenditure on charitable activities | (Continued) | |||
|---|---|---|---|---|---|
| Previous year: | Management Cost of | Grants | Interest Total | ||
| costs sales | payable | payable | |||
| 2024 2024 | 2024 | 2024 2024 | |||
| £ £ | £ | £ £ | |||
| Direct costs | |||||
| Staff costs | 8,420 | 8,420 | |||
| Advertising | 238 | 238 | |||
| Feofees Hall expenses | 25,420 | 25,420 | |||
| Postage, stationery and telephone | 1,607 | 1,607 | |||
| Professional fees | 1,125 | 1,125 | |||
| Sundries | 2,097 | 2,097 | |||
| Call Care | 7,283 | 7,283 | |||
| Town Hall depreciation | 470 | 470 | |||
| Freehold Almshouses depreciation | 28,522 | 28,522 | |||
| Almshouses - normal maintenance | 20,278 | 20,278 | |||
| Atmshouses - exceptional repairs | 82,892 | 82,892 | |||
| Amshouses - Water and sewarage | 9,047 | 9,047 | |||
| Almshouses - heating and lighting | 42,093 | 42,093 | |||
| Almshouses - insurance | 4,156 | 4,156 | |||
| Almshouses - rates on void properties | 1,501 | 1,501 | |||
| Interest | 1,895 1,895 | ||||
| 67,899 167,250 | 1,895 | 237,044 | |||
| Grants paid | 4,341 | 4,341 | |||
| Independent examination fee | 2,333 | 2,333 | |||
| 70,232 167,250 | 4,341 | 1,895 243,718 | |||
| Analysis by fund | |||||
| Unrestricted funds - general | 70,232 167,250 | 4,341 | 1,895 243,718 |
| 6 | Grants payable | ||
|---|---|---|---|
| Grants | Grants | ||
| payable | payable | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Education grants | 1,250 | 2,376 | |
| Social welfare grants | 4,908 | 1,965 |
| Unrestricted Unrestricted | Unrestricted Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| Gains/(losses) arising on: | £ | £ |
| Revaluation of investments | (33,813) | (1,067) |
| Property, plant and equipment | |||
|---|---|---|---|
| Freehold land | Computers | Total | |
| and buildings | |||
| £ | £ £ | ||
| Cost or valuation | |||
| At 1 April 2024 | 2,899,224 | 975 | 2,900,199 |
| At 31 March 2025 | 2,899,224 | 975 | 2,900,199 |
| Depreciation and impairment | |||
| At 1 April 2024 | 115,753 | 975 | 116,728 |
| Depreciation charged in the year | 28,992 | 28,992 | |
| At 31 March 2025 | 144,745 | 975 | 145,720 |
| Carrying amount | |||
| At 31 March 2025 | 2,754,479 | 2,754,479 | |
| At 31 March 2024 | 2,783,471 | 2,783,471 |
| 11 | Fixed asset investments | ||
|---|---|---|---|
| Unlisted | |||
| investments | |||
| £ | |||
| Cost or valuation | |||
| At 1 April 2024 | 322,385 | ||
| Additions | 3,900 | ||
| Valuation changes Disposals |
(33,813) (8,983) |
||
| At 31 March 2025 | 283,489 | ||
| Carrying amount At 31 March 2025 |
283,489 | ||
| At 31 March 2024 | 322,385 | ||
| 12 | Trade and other receivables | ||
| 2025 | 2024 | ||
| Amounts falling due within one year: | £ | £ | |
| Trade receivables | 11,077 | 16,732 | |
| Prepayments and accrued income | 2,257 | 2,263 | |
| 13,334 | 18,995 | ||
| 13 | Borrowings | 2025 | 2024 |
| £ | £ | ||
| Bank loans | 54,633 | 64,783 | |
| Payable within one year Payable after one year |
10,149 44,484 |
10,149 54,634 |
| 14 | Other creditors falling due within one year | |||
|---|---|---|---|---|
| 2025 | 2024 | |||
| £ | £ | |||
| Trade payables | 2,039 | 24,976 | ||
| Accruals and deferred income | 9,024 | 10,514 | ||
| 11,063 | 35,490 | |||
| 15 | Non-current liabilities | |||
| 2025 | 2024 | |||
| Notes | £ | £ | ||
| Bank loans | 13 | 44,484 | 54,634 | |
| Bank loan interest is payable at 14.125%. The loan is repayable by instalments until | 2047 and is | |||
| secured against 4 of the properties. The amount | repayable after 5 years is £8,785. | |||
| 16 | Deferred income |
eferred income |
||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Other deferred income | 670 | 670 |
| Deferred income is included in the financial statements as follows: | ||
| 2025 | 2024 | |
| £ | £ | |
| Deferred income is included within: | ||
| Current liabilities | 670 | 670 |
| There were no movements in the year. |
| At 1 April | Incoming | Resources | Gains and At 31 March | Gains and At 31 March | |
|---|---|---|---|---|---|
| 2024 £ |
resources £ |
expended£ | losses £ |
2025 £ |
|
| Extraordinary Repairs Fund | 124,808 | (36,833) | 87,975 | ||
| Freehold Property Capital Fund | 56,000 | 56,000 | |||
| Land Capital Fund | 1,683,000 | 1,683,000 | |||
| Freehold Property Capital Fund | 2,841,455 | 2,841,455 | |||
| General funds | 86,513 | 161,982 | (148,791) | (33,813) | 65,891 |
| 4,791,776 | 161,982 | (185,624) | (33,813) | 4,734,321 |
| 18 | Unrestricted funds | (Continued) | |||
|---|---|---|---|---|---|
| Previous year: | At 1 April | Incoming | Resources | Gains and At 31 March | |
| 2023 | resources | expended | losses 2024 | ||
| £ | £ | £ | £ £ | ||
| Extraordinary Repairs Fund | 207,700 | (82,892) | 124,808 | ||
| Freehold Property Capital Fund | 56,000 | 56,000 | |||
| Land Capital Fund | 1,683,000 | 1,683,000 | |||
| Freehold Property Capital Fund | 2,841,455 | 2,841,455 | |||
| General funds | 81,711 | 166,695 | (160,826) | 86,513 (1,067) |
|
| 4,869,866 | 166,695 | (243,718) | (1,067) 4,791,776 |