2024-06-30-accounts

THOMAS PARSONS CHARITY Registered Charity number 202634 Report and Financial Statements for the year ended 30 June 2024

THOMAS PARSONS CHARITY Contents Year ended 30 June 2024 Page Charity Particulars Governors. Annual RetK)rt 3to4 Statement of Governor5, Resportsibilities A￿ltor'S Report to Govemors 6107 Statement of Financial Activitie5 Balance Sheet Notes to the Accounts 10t017

THOMAS PARSONS CHARIT Charity Particulars Year ended 30 June 2024 Govemors". The Lord Bishop of Ety The Dean of Ely The Archcleacon of Huntingdon & Wisbech D J Brand- Chaim)an Mrs A Broadhurst R F Clasby-Vi¢e Chaim)an J Henry Mts S M L(ndsay AADmort￿Y R O Setchell- Treasurer M D Slubbins Iresigned 51101231 A Turpin Superintendent: J Moore Receivers: Messrs. Cheffins Clerk: Mrs R Hughes Correspondencè Address: 34 Ward Way Witchford Ely Cambs CB6 2JR Principal BankeT5". Bardays Bank plc Auditors: Pri￿ Bailey LLP Chartered AGrourJtsnts and Statutory Auditors Tennyson Hotjsè Cambridge Business Pa CambrKJge CB4 OWZ Charity number. 202634

THOMAS PARSONS CHARI Governors, Annual Report Year ended 30 June 2024 The Govemots present their re￿rt and audrted ar￿unts Ihe year e￿ed 30 June 2024. ChaAty Objects The Charity was originally established in 1497 and under a rDyal charterdated 6th January 1634. The objects of the Gharity are to apply the Income as Wlows.. to the costs of all charges and outgoirKJS payablÈ in respectof ¥)e ¢haritls yopertw. to the benefrtt of the 31mspeople of tre Eharity or any of them in such rnBnner as the Governors think fit. for such charitable purposes for the general benefit of inhabt3nts of the former urban district of the City of Ely Iwmpri51ng Ely Hnd the villages o'i Queen Adeiai¢Je: PricKwlbw. Stuntry and Che1ti5harnl as the GOve￿￿ts think fit. to the rwpgr cost5, charges and expen5e5 01 and In￿dental to the admini5ttabon man3gement of the charty. The Govemors have considered the Charity COrnmi55￿.S guidance on public benefjt. ancl they consider that the charity 15 fuKilling it$ obligaiions in this respecl by achie￿ng the aboye objecthv8S. Charlty Governance Code The seven p￿[￿lpleS that rnake up this t￿le.- oryani%at..onal purpose. leaderskip, integrty, decision makiTVJ risk and ¢ontrol, Kjard effectweness, diversity. Dpenness anc accovntab."lity. have all been considered by the Governors who were satlsfiÈd that the charity met Ihese pnnoples. Organisation The charily rents out its investrnent 355ets cornpiisiro tnainty of land to eam incotne for the furtheraftce of its objècts. The residents in the almshouses al CtK)nStei Cwrt. Barnfo..d P.oJse Deau)ns Lane bungalO￿S also make eontiibutions, though, as the provision of such property Is part of tIE obieds o'i the charity. fvll market renl is not charged_ The Govemors who Served durirvJ thb e yeai are dÈtailed on page 2. IndudirvJ the Annual General MeetiThJ, the Governors meet four limes each year plus on freqL.ent oCcas￿nS in relatH)n to sub4xHllWr￿Iee5_ All Expenditure is fully approved before being undertaken. Governor inductlon and training New Govemors are selected f-orn the IrK21 rA)rnmunty. only rf they have relevanl ewerience and skills to enable them to makè a wntribulion to the adrninistration of the ¢knrity_ They a￿ Inte￿ewed and, rf they are wlling to be appoini&d, they are formally prop)sed and seconded for app(xnttrent at a Gover￿[5. tneeting. No forrnal toiAing is giv8n to new Govprnot5 but they are briefed t￿￿roUghlY as to the ch3riVs actN￿eS. Review of Progress and Acbtvvement The charity has beell able to successfully conbnue it5 runnir¥J of the aIn￿￿K)USe5, and i)thÈr charilable objectives. Governors, eetitKJ5 conbnued via zLw)m for IhÈ mo￿thlY commid8e rneetitus and f￿ lo forthe qu8rtedy ge￿ra1 meetings.. During the year the charity XhIev￿ a surplus on its unTe5tricted furts of £159.54412023- E111,9811. Th8 Unrest￿Cted funds, balan￿ at 30 June 2024 was £1.304.61412022 £1.146.0701. Tre value of the ch3rty's Investments ItKreased In thÈ year by £608.47712023 £506.5351 due to wntinuing favourable market condition5. The charrty made a further investment of £450,0(K> inro the fund during the year. The pemianent elldwrenl fvnds at the yearnd were £13.272,%912023 £12.692,3091. R8serves Policy NorrR41 o¢urring expendrture can b8 piel by the expected income of t4p tharity. but the charity's dder almshouses are in constant need of repair. rerKwation ￿er￿lSatK>n. The (a)vwrrt)rs 1X)n5￿er that reserves of 8t least £500,000 are appropnate for such contiryenties. At June 2024 ￿serveS were £1.304.614_

THOMAS PARSONS CHARI Governors. Annual Report- continued Year ended 30 June 2024 Risk management The Governo￿ have exarnined the prinupal areas of the chanty's 0￿ratiOr￿ and ¢￿sIdered the rn4or risks fa￿￿ in each of these a￿a$. In the Opini￿ of the Govemors. charity has establtshed the resour￿ and ￿￿eW $yStery￿ Kthi¢h. und8r nomial urcumstsnces shcyJld allow these risks to be mtyted to an acceptabje level in its dayto d8y operations. Key Risks The prin￿paI risks fa￿1 by the Charity 8rÈ fina￿81 risks Con(￿ning the loss of income and unforeseen exceptio￿al expenditu￿, Clai￿ for heaRh and safety failures and Ma1￿ incidents. e.g. fire, resu1b￿ in alNtshouses be(bmiTrJ uninhabitable_ Contingen¢y plans ate in to temwrarity ￿k￿M￿e resAYents. Invesknent Policy The Govemors Inte￿ that the real Yalue of the thariws assets shrAJld be Tnaintained and enhanced over thc lon9 terrn by investment in a portr￿10 comprised of frÈe1x￿d and leasehold 18ThJ. ￿uth$, fixed income stccks. deposits in ￿￿gnISed fvnds and cash, prowided that they would rK)t wtsh to conshler the sale of any land without very good reason whth mwJht indude exchanging land to itnprove holditVJ5 trom Ihe aspect of got¥J estste management In to meet tre5e objectives. the Govemors have appointed Messrs CheffiThs as trir ￿Ge￿S and agents to matjage a d￿eThfIed portf￿￿) of land on an advisory bass. With rEgarf to otter investments. Ihe G0Vem￿ have seleLknJ a baanced investrnent obiecth with low or mediurn risk, and have so instru£tsd CCLA Investment Ktsnagwent Ltd. who adrrinis1e￿ the COIF Investment and DeKy)sr( funds. The proportion crf assets invested in la￿1. equibes, irKoff stLxks and ￿e￿ts together wth osh balan￿ are kept undÈr review_ Plans for thè ff￿ure The Govemors have re50fved to C￿ts"nue a proJramrr of nWMlemi4ng ts resKlentsl properties [alr￿hoUse$ and let properbesl and at the sarrE tsrrÉ inwrove their enwgy efvency. Furtdraising Th8 Charty unde￿13￿1$ its duty to proted the publio indudirtg Vuln￿ble peoe, from un￿aSOnabty intrusive or persistent fundraising approaches. antt uThYue pressjre to donate but does not ￿rrendY fundrwse from thè public or use any internal fundraisers or extemal fvndrai&ng agenw for telephone or to fa￿ (arrpa¥Jns and re￿1V1 no fundraising corn￿8￿nts during the yeat. Statrment of dÈsdosuTE to auditors In so far as the Govemtys are avrdre the￿ is no relevant au(lrfc inbrrrwtk?n of whth Ihe thatitys 8LKlttors a￿ unawa￿. and the thverrKJrs have taken all Ste￿ that they ought to have taken to makè then￿e￿2S awdre of any relevant a￿dit infomiaticn and to establish that the (*aritys audiiors are aware of that InfO￿atiOn. Auditors It Mrill be proposed at the annual general rneetirwj Ilot Prte 8aiW LLP ￿ re-apptynted as auditor5 for 2024125. Signe(l on beha￿u[ the (kn1r￿r$. DJ8ond Ch8irman Date.. 17 January 2025

THOMAS PARSONS CHARITY Statement of Governors, Responsibilities Year ended 30 June 2024 Governors. responsibilities for the financial stat•ments Chartty 18w require5 the Govèmors lo prepare financial ststÈments for eath financial year. Under that law the Governors have elected lo prepare the Iinancial st*ements in accordance with Unrted Kingdom Gènerally AcTrpted Accounting Practice Iunitgd Kingdom A￿U￿tIng Standards and applicable lawl. Under charily law the Governors must not approvè the financial statements unless they are satisfied that they grwe a true and lair view of the state of affairs of the charity and of Ihe incoming reSoUr￿S and application of rPsour￿, including the income and expendrture. of the charity for that ￿riOd. In preparing these financial ststements. thè Govemors are requirèd sele¢t suitable accounting polioes and then apply them Consisten￿Y-. observe the methods 2nd principles in the Charities SORP 2019 IFRS 1021-, make ju(fgements and estimates that are re850nable and prudènt, stale ¥vhelher applicable accounbng stsndards have been followed, subject to any rn8terial departures disc1058d and explained in the finanaal statements prèpare the finanoal statem&nts on the goin9 concern basis unless il is inappropriate to presume that the charity will continue in operation. The GDvernofS are responsible for keeping proper accounting records that disclose with ￿aSonable aGcuracy at ally time the financial position ol the charity and enable them to ensure that the financial stalgments comply with the Charities Act 2011, Ihe Charity IAcix)unls and FLportsl Regulations 2008 and the provisions of the trust deed. Théy are also responsible for saleguarding the assets of the Gharity and hence for taking reasonable steps for the prevention and detection of fraud and other irrègularities.

THOMAS PARSONS CHARITY IndepÈndent Aydttorfs Report to the Governors of Thomas Parson$ Charity Opinion We have audited the ffnanc&al siatements ofThe ThoryH5 Parst￿$ Charity {Y'charTVI forthe year Ènded 30 June 2024 which ¢ornprisÈ the Ststement of Finanoal ACtivr￿e5 and Balan￿ Sheet and rN)tes to the financKal ststernents, inducfing signfficant acojunting pdioes. The finanoal ￿pO￿ng framewoth that has been applied in their p￿pa￿tiOn is applicable law and Unitèd Ingdorn Accounting Stsndards, I￿uding FinanLaal Re[rf)￿￿g Stsndard 102 The Repo￿ng StandèRlapplic8ble in the UKandRepublic of Ireland (United Kingdorn Generalty Awted Ac￿￿nting Practi￿1. In our opinion the finan(ial stateme give a and ￿r￿e￿ ofthe state ofthe chaws affair¥ as at 30 Jure 2024, and of its incL)ming resources and appI￿ation of resour￿. indu¢ing its income and expenditu￿. forthe yèartFw end￿.. have been property prepared in act0rdar￿e wth United ￿ngd￿ Gene￿IlYA(￿pitt￿ Accounting Practice" and have been prePa￿d In ar￿tsdan￿ with the requirernents of tt Charitses Acl 2011. B35is for opinion We conducted our audtt in attordance with Intemational StandaTds on Audibru {UKI IISAS IUK)) and applicable law. Our responsibilities underthose Standa￿ are furthprdescribed in the auditor responsibilities for the auLltt of the finartial statements section of our reporL We a￿ iThJeperKknt of thèrity in axordancÈ ￿th the ethi(xl requirpments that are levant to our audit of the finanti￿ ststemenls in Ihe UK I￿[￿11n9 the FRC'5 Ethical Standard. and we have fu￿lled our other ethir21 ￿p0￿bIl￿e$ in accorda￿ wilh these reQUirerren￿ We WEve that th8 audit evidence we have obtsined 1$ suffiaent and appropriate to prowde a basis for our 4￿n￿>Th. Ct)ncIu5ions relating to goin9 ¢oncem In auditing the finantsal slater￿nts. we have conduded thatth8 GovwKMs' use ofthe 9(XJMJ COllLyn basi8 ofa¢countirtg in the prèparation of the ffnan¢ol statements is app￿priate. Based on the wort( we have perf¢xrtEd, we have not ￿ntifi any tnaterial un￿rtaIn￿e$ rejating to events or cond￿OnS that, 1ndP￿dUallY or c(thcbvely. rnay oast signifirant doubt on the d)anVs abiltyto Continue as a going COn￿[n for a period of at least tWe￿e months from %¥hen the f nancial statements are autkM)rise¢Y fDr issue. Our reS￿￿1b1111es and the responsibil￿e5 ofthe (knmws respectto g￿ng (￿K￿ft a￿ des¢riW in the ￿levant tions of this re￿rL Other infom)ation The other infrmtion comprises the inforrrBtron induded in Ilte Governors annual reporL otherthan the finanaal statements atKt ouw audiLorfs rewrtthereon. The Goverror5 are resrK)nsilAe for thÈ olher infmtion. Our opinion on the financial statements does not c)vÈr the other InfO￿atIon and we not express any forrn of assurance condusion there￿. Our responsibility is to read the other Infomiatiih) a￿. in so. considerwhether the other inforrnation is tnaterially Iriconsistenl with the finanoal statements orour kno¥￿edge obtained ITr the (x)urse of the audit 01 otherwise appears to be m2terially misstated. If WÈ Kjentfy such material inconsistencies OT appa￿￿1 material misststemerts. we are required to determine whetherthis gives rise to a rnaterial missternent in the fir¢ncial statements themselves. If. based on work we have performed. we condude th& there is a material mtsstatenEntof other information, we are requ*ted to reportthatfacL We have nothing to report in 1hi5 regard_ Mattpr5 on which we a￿ ￿qUired to report by exception We have nothing to report in resr£d of Ihe fdlowirvJ mattets in EL4tion trj which the char￿e5 {A(wunts and Reports) ReguL3tion$ 2008 require us tr> ￿p￿rtt0 you if, in our (4ynioA- the infornation given it5 the Govemors, Annual RepLYt is irwtystent in any tnaterial resFÉd the fitsancial ststements., or the charity has not kept adequate acwuntit¥J records.. or the financial ststemeits are not in agreenKnt with acajunting re(x)rds" we have n(k re￿Ved all the inf0m7at1c￿ and ewanatims we rEquirefor audit Rèsponsibilibes of Governors As explained more fulty in the Governors. resp(w￿l￿ES strte￿ni set out cn page 5. the Govemors 8re re5w)nsble forthe preparation of the finan￿al ststements and for bwng satisfied that tlw gNe a true and faif view. and for such intsmal c4)ntrol as the Govemor5 deternine is necessary to Enab￿ the p￿paration of finanryal strtewts that a￿ f￿ frorn materi TTrKsstatemen( whether due to fraud orerrw. In prepari￿ the financial statements. the Govemors aEe tEStwsble forasses5iro the d)anty$ abilty to (x)ntinue as a going cor￿M, disclosing. as applicable. Malle￿ reLgted to go(ng cortem usng the 90ing cOn￿M t)asis of accounting unless the Govemors etther interKJ to Iiou5dats the tharity or to ¢ea5e wrdtions. or no realistic ahemative but tts do so.

THOMAS PARSONS CHARITY Independent ALKlltor's Report to the Govemors of Thomas Parson5 Charity Icontlnuedl Auditor responslbilities for the audlt of the financlal Statèments We ha¥e been appointed as auditor under sectKJn ";¥ of Ihe Charities Act 2011 and report in ￿(ordance with the Act a lewant regulat￿ThS rnade or hamng effect thereutKlÈr. Our objectives are to obtsin reasonaNe assurance atrrfjut whether ihe finanual statements as a wh￿e are free from material mi8s1atemenl. whether due to fraud or error. and to issue ar) auditor's report that incluiks our opinion. Rea50ft8ble assuran￿ 15 a high level of as8urance. bul is r￿t 8 guaran.tee that an cOr￿uCted in awrdance with ISAS IUKI will aTrways deted a material misstaterrEntwhen it ex[￿$. MisstaTrEments Ixn arise from fraud or err￿ ar￿ are o)nsid8red Tnate￿al if, indwidually or in the 8ggrege, they could rÈasonabty bè exFected to InflUe￿e the erxKK)mK deGi%ions of Use￿ taken on the basis of these finan¢ial stgsleTh4 ents. Irregularyties. including fraud, 8re irsstances OfnoFKoM￿￿Trce ￿Y[h laws and1egul8l￿ftS. We design procedu￿$ in lffné wth our r8sponsibilities. Oijtlined above. to detect matErialMisstate￿fits restEct of lrwular￿es. induding fraL￿. The extent to which ourproce(lu￿s are capable of dtrtecting iiregbl8niies. induthng frdydis detailed below. We gained 3n understanding ofthe I￿1 8pd regulatoryfranw(N8ppIKable lo Ihe Charity and the sedorin whith il op8rates and ¢on&dered Ihe risk of Ihe Ch&i?¢y notcoitJp,'wng the applic8b18 la¥vs andregulatiOlT5 IRcluding frdud patcularfhose that could h8ve a pnatenalimp8cI cn the fifjanc181stalemertts. This included those regulafrofis direcfly rElated to th6 finanGial $1otoments. inGludI￿ fin8ncNal rEPOrting, and tax leg¢slatK)n. I￿.￿181￿n to the op&.litins olthe Charty this includeil complian with the Chanties Act 2017 and SORP 2019. rne Nsks wer& discussed with the aJdil te8m and we ￿m￿lne0 alert ro ony H￿iCal[0ns of nDn-compliance tt)mughouf Ihe We carried oJt specrfK procedJres to 8ddEss rhe risks iderDfied. TresE included the following" Reviewing minules of8oarcl meefiN5gs. review￿n9 anyc0tresw>nden￿ the Clarity Commis&on applic8bl8, egreeing the fIn8n￿81 statemenl discI￿are$ ro undert11￿ sup￿￿ting d(KvmenlatA)n. and made enouiries ofm8nagement ancl offi￿r$ of the Charity. We nave also r8viewed theproCedu￿s pla￿ for Ihe Eporting ofanyin¢idents lo the Board ofGovemors ncluding sgrious incident rfP9rting of these.maiEefts as necew.y w.¢h the Charitg Commission. Man&gement overnde." fo address t15e risk of managemer4! owemds of con1￿. we ￿l￿ed out testing ofjoufflal entries and otheradjustments for 8PPWatÈn@ss. We ￿Viewe￿sYSterns andpro￿u￿s to AdentrfypDtenti818rpas olm8n8gement override ￿k. We also ass8Ssed man8gemeTrtbias in relalton to the accounting P￿"￿e$ adopted and in d&tÈm7ining signifscant 8¢WtJnfing gstimatAs. 8e￿￿5￿ of lh8 Nnhewtlimi18tions of 8n audit. tlwe is a Fisk that WÈ willnot detect 8llryularifies. indudirTg those leacling 10 8 material mtrsststprnent in the finaTrcNaJ 518tem8nts wnorJJmpliant wu18tA)n. This nsk increasÈs the more that compliance Mth 8 law orregulatson 15 ￿n￿VedtrOM the eve.r)ts ènd transact￿$ ￿Nected in the finan￿8￿ stetem8nls. as we will be le&8 likely to te¢ome awa￿ QtiFlSt8nc85 of noTrc0fflpl￿￿Ce. The risk 1$ also greater￿g￿nI{￿9 irregtjlarilies c¢eumng rlu8 10 fr8ud ratherthan @rror. a5 fts(AY invohes intentiorialconce31fflerrf. fory8ry.. (x￿lusio1). ormi￿present&tlO￿. A further descriptv)n of our responsibilities is ava.,I8t￿e OD the FRC'S websi(e at.. h s".Ilww.frc.or .U￿.audliorsIaudlt- a￿UranCe￿aUdr.Or-S-￿es onsi>ilities-f(K-Ihe-audit-d,-the-tildesc li£Tr0f-Ike-audilor°￿E2. BO°/o995-re5 onsibilities-for.Thi8 des¢ripbon forms part of our auditorfs rerKJrt. Use of our report This report is mage solely to the ch8riWs GoVVno￿, as a tNJdy. in at￿rdan￿ wrth Part 4 ofthe Charities IAco)unts and Reports) Regu&tw)ns 2008. Our audit work has tÉen undertaken so that we miyht state to the charii(s Govemors those maxers we are required to state to them in an audtlors repo￿ and for no other purpose. To the fullest exlenl permitted by law. we do not 0￿pt or assume responsibility to anyone othe.: ihan the d)aiity and the charitls Govemors as a body, for our audit work. for this rep(Kt, or forthe opinions we have fonY￿d. &dr ALP Price Bailey LLP Chartered Accountants and sktuw auditors Tennyson House Cambridgè Business Park Cambridge C84 OWZ Pnce Bailey LLP i% elvjible for apwntTrnt as aU￿rt￿ of IhÈ charity by*irtue of its eligibility for apyxntmenl as audit￿ of a cornpany und8r section 1212 of Ihe Compan￿$ Ad 2(Th. Oated-. 24 January 2025

THOMAS PARSONS CHARITY Statement of Financial Activities Year ended 30 June 2024 Unr•striGted Pemianent Funds Endowment 2024 Total 2023 Totsl Nots In¢ome from: Investments 294.343 126,383 420.726 fO.O(XJ 2￿.497 110,916 Charitable activities 126,383 430.726 Total in¢ome 10.000 401,407 Expenditu￿ on: Raising ftjnds Charitablè acttwties 56.797 56,797 243,2f)2 299.999 75,920 248.923 205,385 261182 37.817 37.817 Totsl expènditure 324,843 Net gains on investrnents Net surplus on revaluation of propety Net income for the year b¢ing net movement in funds 218.477 390.000 218,477 390,000 71,535 435.000 158,544 580,660 739,204 583,099 ReconcilÈation of fvnds- Total funds brought forward Tot31 funds carried forward 1.146.070 1.304.614 12,692,309 13.838.379 13,272,969 14577.583 13,255,280 13.838.379 l income and expendiknre derive from continuing acttvibes. The statement of finaft(xal actiwties indudes all gains and losses re(x)gnised during the year. The notes on pages 10 to 17 form part ofthese accounts

THOMAS PARSONS CHARITY Balance Sheet At 30 June 2024 2024 2023 Nole Fixed Asset$ Tangiblè Fixed Assets Investments - property Investrnents- shares 2.211.518 9.265.000 2.910.400 2,249,335 8,875,()00 2,241,923 14.386,918 13,366.258 Current Assets Debtors Cash at bank 10 13,864 229,751 243.615 14.984 500,149 515,133 Current Liabilities Creditors (amounts falling due within 1 Y￿rI 12 52.950 43.012 Net Current Assets 190.665 472,121 Net Assets 14577,583 13,838,379 Funds of thp Charity Unrestricted funds Pemianent endowment 14 1,304.614 13.272,969 1,146,070 12,692,309 14,577.583 13.B38.379 Th8 finanaal ststements were approved by the Boar(S of Govemors on 17 January 2025 and signed on their behalf by.. D J Brand (Chairman) elchell (Treasurerl The notes on pages 10 10 17 form part of these accounts

THOMAS PARSONS CHARITY 10- Notes to the Accounts Year ended 30 June 2024 1. Accounting Policies a. Basis of Accountlng Thè charity constitutes a public benefft entity as defined by FRS 102. The ffinancial ststèrTtents have been prepa￿d in accordance with Accounting and Reporting by Chartties". Ststement of Récommenéed Practice applicable to ch8ritres preparing the¢r actrx)unts In acwrdance WFth the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 102) issued in Octobèr 2019. the Charities Act 2011. and UK Generally Ac¢epled Practitte as it applies from 1 January 2019. The financtal statements have been prepared to give a Irue and fairf view and have departed from the Charttses IAccotJnts and Reports) Regulations 2CQ8 onty to the extent required to providè a Inje and fair view.. This departure has Involv￿ followng Acmunlng and Reporting by Chartbes prepasing their accounts in accc>rdance with the Finanaal Reporh"ng Standard applicable in the UK and Republic of Ireland IFRS 1021 issued in October 2019 rather than the Accounting and Reporbng by Chartbes". Statèment of Recommended Practi¢e effective from 1 April 2005 which has since been withdrawn. The fjnancial ststements are prèpared under the histori￿7 cost convention. modified to indude certain item5 at fair value. The financial statements are prepared in sieding which is the functional currency of tho charity. The significant accounting policies applied in the pfÈparatioa of these fitkanctal ststements arè set out below. Th&se policies have been consistenlly applied to all years presented unless otherwise stated. b. Income All income is included in the Statement of Financial Adiv(tses (SOFA) when the charity is legally entitled lo the income after any performance conditions have been met. the amount can be measured reliably and it is probable that the inconie will be rÈcÈived. Income is the amount derived from Ihe provision of SeNI￿S. rents and Ènvestmont income falling within the charity's principal actsvities, reco9nised on an accrua￿ tjasis. Expeftditure l expencfiture is awunted for on an accrua￿ basis and has been dassified undèr héadings that aggregate all costs related to the category. Expenditu￿ is recognised where there is a legal or constructive obligation to make payments to third parbes, il is probable thal the setuement will bè rèquirèd and the amount of the obligation can be meas{J￿d reliably. tt is categorised under the followEng headings.. Costs of rai￿ng funds indudes support costs for the management of the investmont portfolio, fund- raising and evènt organisation- Expendtiure on charrtable acbwbès indudes grants made. g0Veman￿ wsts and 8n apportionment of SUPPOrt costs. Grants payable lo third pa¥bes are within the chatttable objectives. Vvhere uno)nditional grants are offefftd, this is ac¢ru&d as sLK)n as the ￿CipIent is notified of the grant, as this gNes rise to a reasonable expedation that thè recipsent will ￿￿1v? thè grants. Where grants are Cond￿Onal relating to performanGe. the grant is only accrued when any unfuffilled condttions are OLrt￿de the control of the cha¥ity.

THOMAS PARSONS CHARITY Notes to the Accounts Year ended 30 June 2024 1. Accounting Policies Icontinuedl d. Tangible fixed assets No depreciation has bèèn provided on the freehold investment propert'es. Thi5 t￿atMent is dÈÈmed acceptable as the properties are held lor investrnent purposes and a￿ accordingly stated at Dpen market value. The propgrties are profèssionally valued each year. Buildings which a￿ centr81 lo the objectives of the Charity have been induded in the accounts at cost less depreciation at 2 % on the straight line basis. e. Investmènts Investments are a fomi of basic finanual Instrun￿￿t and are initially recognised at their cost and subsequently measured at their fair value as at the balance sheet date U￿n9 the dosing quoted market priGe. The statement of financi31 activitiès indudes the net gains and Ios5e5 arising on rèvaluation and disposals throughout thè year. The Charity does not 8¢ouire put option5, dèrivalives or other complex financial instmmenls. The main form of financial risk faced by the charrty is that of volatility in equity markets and investTnent markets due to widèr eCOr￿miG Eonditions. the attitude of investors to investrnent risk. and changes in sentimer*t conceming equities. f. Fund accountlng General funds are unrestrricted funds which a￿ av8ilable for use at the discretion of the govemors in furtherance of the general objectives of the charity and which have not been designated for other purwses. Endowment funds rep￿sent those assets W￿..iCh fflust be held perm8nently by the charity, principally investments. Income arising on the endowment fvnds Gan be used in a¢0)rdan￿ with the objects of the charity and is included as unrestricted income. Any capital gains or losses arÉsing on the investments lorm part of the fund. Investment inwme, gains 8nd losses a￿ allocate(J to appropriate fund. g. Debtors Prepayments are valued at the amotknt prèpaid net of any trade discounts due_ Accruèd income is included at the best estimate ol the amounts ￿ceIV2b1e at the balance sheet date. Other debtors ao recognised al the settlement amount due. h. Cash and cash equivalents Cash at bank indudg5 cash held in current and deposit accounts. Credltors Creditors ara ￿CogniSed where the charity has a present obligation resutting from a past even that will piobably sult in a paymént to a third paty and the amoJnt due to settle the obligation can be measured Dr estimated reliabty. Crsditors are nL)rm8lly recognised at thwr settJÈment amount. j. Financial Instruments The Charity only has finarscial assets and firjancial liabtltties of a kind that qualify as basiG financial instruments. Basic financial instruments are initially recognised at cost and subsequently measure(J at their settlement value. Fixed assels are recorded at markel value and all other assets and liabilities are ￿Corded at cost which is their fair valLJe. Details of the cosl of investmenls a￿d unrealised gains are disdosed in note 8. k. Opèrating leases. Le559r Rentals received under operating leases are charged Éo the Ststefflent of Finanual Activrties on a straight line basis over the lease tsrtn.

THOMAS PARSONS CHARITY 12- Notes to the Accounts Year ended 30 June 2024 2024 2023 2. Income from Investments UnrestrÉcted funds Rental incorne Dividends from COIF ino)rne units Intsrest Irom cash depostts 214,998 75,020 4,325 202,468 64,943 9,080 276A91 Pemianènt endowment Proceeds of the grant of an oplion to purchase land Option buyerfs contrbution towards legal (xjsts 10,000 2,000 12.000 14,000 10,000 3. Income from Charitsble Activities ContribLrtions by almshouses, residents 126,383 110,916 Al relate to unrestricted funds in tM)th years 4. Cost of Raising Funds Investment managernent costs.. Unrestri¢ted funds Land expenses Let property expen Ivlotment rent, maintenan￿, legal fees & w*er Receiverfs fees and expenses Insurance 612 24,925 2,984 22,225 12.501 63.247 12,466 2.750 26,2D7 15,374 $6.797 Permanent endowmènt Legal costs in granting option 12.673 5. Charitsble Activities Unrestricted funds AJmshousès- utilities and repairs Grants {note 6) To instttutions To individuajs Support and govemance (x)st&' Salaries Pension contributtons Clerk's fees Professional feès IT equipment. softwaE & 5UPtKJrt Auditorfs remuneration Other expenses 122.178 127,485 28.109 9.610 30.935 7.938 28,062 746 25,233 678 6.014 e24 5,153 5,080 3,039 212,179 6,000 3,488 205,385 Permanent endowmènt AJmshouses- d&prÉciab"on of buildings 37,817 36,744 During the year. no Govpmor received nor waNed any remunerth"on, benefts or expens¢s12023 £Nill. The average number of employees (all part b.mel was 2 {2023 21. No employees had emolumenls in ex¢ess 01 £60.OCK) {2023 Nill. The charity (xjnsiders that there are no key m8nagement personneE otherthan the Govemors themselves.

THOMAS PARSONS CHARir( 13- Notes to the Accounts Year ended 30 June 2024 6. Grants 2024 2W23 Grants lo institutions.. Ely Musèum EducatiDn Fund - to provide courses for local schods Happy Days- towards disabled children's thealre trip Frionds ol St Johns Community Primary School- towards IT equipment Centre 33- Coungèlling and other support for young people Diversity Tennis l Ely Tennis Club - Equspment & coaching for disabled, disadvantaged and special needs persons Highfield Friends- towards IT equipment for Highrie￿ Acaderny Highfièld Friends - Refurbishment & upgradè of sensory room Is¢hool for pupils wth special educalional needs) Voluntary & Gommunity a¢tion for East Cambs- to support social car share scheme Campaign amateur Iheatre- sponsorship lor children ￿rf0Mling Wheatshèaf Close lyoung persons hostell- d55hwashers Whéatsheaf Close- financial support for young people starhng ￿rk 6,500 1,179 6.500 700 10,000 5,000 1,350 3,735 5,000 5,000 5,000 500 1,674 6.906 28.109 30,935 Grants to indwidLJals'. Number of individuals to whom grants were made 9,610 7,938 7. T8ngible Fixed Assets Land and Buildings Cost: At 1st July 2Q23 Expenditure during the year 2,313,274 At 30" June 2024 2,313,274 Depreciation- Al 1, July 2022 Charge for the year 63,939 37,817 At 30th June 2023 101,756 Not Book Valug.. At 20" JLJne 2023 2,249,335 At 301h Jung 2024 2,211,518 Tangiblè assets are those used lor ch8ritabl8 pufposes and are designated almshouses. They are subi8Ct to the consiraints of the scheme for the charity with tx)lential liabiliknes and thèy are carried at cost. Depreciation excludes the land value ol thè assets. It 15 not possible to disdose hrstorical costs of the older almhouse5 which are shown at nil valuo. Much DI the property was acquired many years ago and by now will have been fully depreoatad.

THOMAS PARSONS CHARITY 14- Notes to the Accounts Year ended 30 June 2024 8. Investmènts - property cU￿￿t Year At 1 July 2023 Revaluation At Valuation 8,875,000 390.000 At 30 June 2024 9.265.000 Prioryear At 1 July 2022 Revaluab"on Expenditure 8.390,1)00 435,000 50,000 AI 30 June 2023 8,875.000 The properties wère Profe￿onal￿ revalued at 30 June 2024 by Cheffins, an independent firni of Chartered Surveyors and Estatè Agents. It is not pO￿tsIe to disdose historical costs for the investment properties. Muth of the property was acquirèd many years ago when forrnal accA)unting recotd5 were probably not requÉred and a￿ not available ntsw, and costs by today's stanéards would be miniscule. Some properties may have been obtained by gtft or exchange. g. Investments- shares Open Market Valuation 2024 Cost 2023 2023 At 1 July 2023 Further investment Increase in market value 1,413.958 450.0(K) 1.413,958 2,241,923 450,OCKI 218,477 2,170,388 71,535 At 30 June 2024 1.863.958 1.413.958 2.910.400 2,241.923 2024 2023 Investments at fair market value (L)Fnprise'. COIF Chartti8s Investment FurKI in￿rne units 2.910.400 2,241.923 10.Debtors Prepayrnents and accrued income Rent in arrears 4,653 9,211 5.898 9,086 13,864 14.984

THOMAS PARSONS CHARITY 15 Notes to the Accounts Year ended 30 June 2024 2024 2023 11. Cash at Bank Bank current account Deposit accounts 9,222 220,529 36,005 464,144 229,751 500,149 12. Creditor¥ Rents received in advance Idelerred iniyjme note 131 Other creditors & acGtuals 31,192 21.758 31.510 11,502 52,950 43,012 13. D¢ferred Income At 1 July 2023 31,510 23,350 Amount released to Statement of Financial Aclivits"es Amounts deferred in year 131,5101 31,192 I23.￿0) 31,510 AI 30 June 2C>24 31.192 31.510 14. Fund Recon¢illation Balance at 30 June 2024 Current Year Balance at 1 July 2023 Income Expenditure Revaluation Permanent Endowment 12.692,309 Unmstricted Fund 1.146,070 13,838,379 10.000 420.726 430,726 137,817) (262,1821 {299,999) 608,477 13,272,969 1,304,614 14,577.583 608,477 Balancé at 30 Junè 2023 Prior Year Balance at 1 July 2022 Income Expenditure R•valuation Permanent Endowment 12,221,191 Unrestrictecl Fund 1.034.089 14.(J)O 387,407 {49,4171 (275,4261 506,535 72,692.309 1.146,070 13,255.280 401,407 1324,843} 506.535 13,838,379

THOMAS PARSONS CHARITY 16- Notes to the Accounts Year ended 30 June 2024 15. Analysis of Net Asset5 1)etwetn Fund$ Unrestricted Funds Pemianent Endowment 2024 Total Tangiblé Fixed Assets Investments Deblors Bank Creditors 2,211,518 11.167,182 2.211.518 12,175.400 13,864 229,751 152,9501 1.008218 13,864 335,482 152,950) 1105,731} T¢)tal Net Assets 1.304.614 13.272.969 14,577.583 2023 Unrestricted Funds Pernianent Endowment Total Tangible Fixed Assets Investments Debtors Bank Credttors 2,249,335 10,558.705 2,249,335 11,116,923 14,984 500.149 143,012) 558,218 14.984 615,880 {43,0121 1115.7311 Total Net Assets 1.146,070 12,692.309 13.838.379 16. Operat4ng Lea$• Commitments As at 30 Junè 2024 the tharity had agreed commilments as a les50r under nOn-Can￿lIable operating leases to receivé receipts as follows". 2024 2023 {as restated) Inv¢stment properties Within 1 year Between 1 and 5 years In more than 5 years 155.582 347,170 68,670 180.632 494,990 74,360 571.422 749,982 17. Related Parttes During the year th8 Charity rented propety to Jfj"ng's Ely for £39,520 {2023- £39.5201 and rentèd from the Church Commissioners allotment land for £75012023- £7501. The Very Reverend M Bonney, Dean of Ely, is a govemor of Ktng's Ely and also a Church Comfnissioner. During the year the chartty paid fees of£2620712023- £27,679) to its R￿1ver5. Messrs. Cheffins. Mr. D J Brand'5 son in law is an employee of Cheffins. Mr. J Henry is a dirè¢tor of Ward Gethin Archer Ltd to whom the charity paid fees of £13,233 in 2023 Inone in urrent yearl. Mrs. S Lindsay's husband is a trustee of Ety Museum to which 1he charity made a grant of £6.50012L)23- £6.5001 There were no further related paty transa(kn)ns.

THOMAS PARSONS CHARITY 17 Notes to the Accounts Year ended 30 June 2024 18. Capitsl CommÉtment There were no capital commibnents12023- £nil). 19. Off Balance Sheet Arrangement In Ihe 2023 financial year, the thartty signed a conditional contrad to sell It5 land off Prickwllow Road. Ely. Under the tems of the ¢oniract. the Chartty will allow the purchaser to apply for planning permission and to arrange a suitable access route for a pèriod of 30 months from Ihe d*è of the contract. Once satisfactory planning has been athieved and the terms of the contract have been ffiet. the purchaser will acquire the land at a price of £1,250.000. 11 is however p055ible that the contracl is nevèr comFleted.