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. Stuntr*y 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 year*nd 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 tr*ir ￿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￿1V*1 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 misst*ernent 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[￿$. MisstaTrEments Ixn arise from fraud or err￿ ar￿ are o)nsid8red Tnate￿al if, indwidually or
in the 8ggreg*e, they could rÈasonabty bè exFected to InflUe￿e the erxKK)mK deGi%ions of Use￿ taken on the basis of these
finan¢ial stgsleTh4 ents.
Irregularyties. including fraud, 8re irsstances OfnoFKoM￿￿Trce ￿Y[h laws and1egul8l￿ftS. We design procedu￿$ 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 regulatoryfran*w(N*8ppIKable 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 pat*cularfhose
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 wnorJ*Jmpliant* 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 apwntTr*nt 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.