Cliarlty number.. 202887
THE LOUISA LILLEY ALMSHOUSES
UNAUDITED
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
For the year ended 31 December 2024

THE LOUISA LILLEY ALMSHOUSES
CONTENTS
Page
Reference and administrative details of the charity, its trustees and advi5eTS
Trustee5' report
Independent examiner's report
Staternent of finanEial activities
Balance sheet
Notes to the finan¢ial statements
10-17
The following pagos do iiot form part of ihe slalutory financial statements..
Detailed income and expenditure account and summaries

THE LOUISA LILLEY ALMSHOUSES
REFERENCE AND ADMINISTRATIVE DET￿Ls OF THE CHARITY. ITS TRUSTEES AND ADVISERS
For the year ended 31 December 2024
Trustees
Mr S Adams
Mrs S Morton
Mr R Rowlalt
Ms J Wilson
Mr D Maddock
Mrs K Gent (resigned 1 July 20241
rCRCAdaThs
MrA J Mayes
Mr C J D Morton. Chair¥nan
Mr J Barker- Training lappointed 1 November 20241
Charlty reglstered number
202887
Principal office
4 Whytewell Road
Wellingborough
Northants
NN8 5BE
Secretary
MrMJPort
Accountants
MHA
Chartered Accountants
Centtjry House
The Lakes
Northampton
NN4 7HD
Bankers
Nalwest Bank plc
Wellingborough
Northants
NN8 1AD
Page 1

THE LOUISA LILLEY ALMSHOUSES
TRUSTEES. REPORT
Forthe yearended 31 December 2024
The Iruslees present Iheir report with the financial statements of the charity for the year ended 31 December
2024. The Iruslees have adopted the provisions of Accounting and Reporting by Ch8rilies'. Stalemenl of
Recommended Practice applicable lo charities preparing their accounts in accordance wilh the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191.
Objectives and Activitie5
a. OBJECTIVES AND ACTIVITIE5 FOR THE PUBLIC BENEFIT
Miss Louisa Lilley died on 4 May 1930. Under her Will, land was to be purchased and almshouses built for
occupaliDn by persons of either sex, provided they lived or had lived in Wellingborough or lrthlingborough or in
the immediale neighbourhood, Mqlhoul regard lo their political or religious beliefs. Trustees were lo be appointed
to build and manage the properties which were to be named The LDuisa Lilley Almshouses. Age and character
were lo be taken into account in assessing applicants for occupancy.
Six almshouses were built in IrlhlingborDugh and fourteen in Wellingborough.
Over Ihe years the properties becatne outmoded and, on a local 1nilialive, in 1976177 the almshouses in
Wellingborough were brought up to modern standards wlh grant aid from the Housing Corpo¥alion.
In 19B1 the properties in Irthlingborough were also modernised using grant aid via the East Northanls Council.
The Tru5115 now a registered housing association employing a salaried part-lime secretary.
The Trustees meet regularly lo ensure the properties are managed effectively and a high quality of service
provided for the residents. The Trust properties are visited regularly by the part-tirne secretary lo collect the
maintenance contributions and ensLire frequent conlaGI between the management and residents. As part of their
duties the Trustee5 make an annual inspection of the properties.
b. PUBLIC BENEFIT
The Trustees Df The Louisa Lilley Almshouse5 accept the need ID have regard lo the Ch8rily Commission's
guidance on public benefit.
They recognise that il is their responsibility lo ensure that the benefits offered by the charity are realised by
promoting the ¢harity within the county.
The aim is set out in thp Report of the Trustees. The organisation believes in being fair, open and inclusive.
c. OMBUDSMAN
A National Ombudsmen has been appointed to help residents who cannot get satisfaction from their18ndlords.
That is unlikely lo happen wilh regard to The Louisa Lilley Almshouses. Details are available on request from the
Trust's secretary.
Page 2

THE LOUISA LILLEY ALMSHOUSES
TRUSTEES. REPORT Icontinuedl
For the year ended 31 December 2024
d. MANAGEMENT POLICIES
Management policie5 have been approved and updated by the Trustees relating lo the following issues=
eligibility and seleclion criteria
compliant5 procedure
equ31 opporlunilies policy
financial procedures
dala proleclion IGDPRI policy
chairman's respDnsibililies
execution ol repairs ènd mainlenance policy
maintenance contribution policy
letter to new residents policy
premises contents policy
residents personal details policy
rules and regulations policy
trustees responsihililies
voting by proxy policie5
vi
ix
xiv
Achievements and perfom7ance
a. MAINTENANCE CONTRIBUTIONS AND FINANCE
Maintenance contributions are reviewed annually. Levels are still low Compared wlh rents in both the public and
private sector5 but in the long tem the properties will require major investment which
could mean asking for financial assis18nce from the successors lo the Housing Corporation or other
financial institutions including the Almshouse Association.
necessilales the building up of reserves.
Help from the successors 10 the Housing Corporation is doubtful bul traditionally to have any hope 81 all the Trust
must be seen to be moving towards wh812re known as 'Targel Rents, which are veiy much higher than the
existing maintenance contributions. The TFuslees iherefore decided to move in that directioii in accordance with
guidance prepared by the then Housing Corporation and The Almsh(iuse Associatir2n.
Maintenance conlributiors charged in 2024 and 2023 were as follows..
2024
2023
3 Bedroom unit {Wellingboroughl
Double units
Single units
80.00
73.00
67.00
80.00
73.00
67.00
(per weekl
(per week)
(per weekl
If any resident has difficulty meeting the maintenance contribution then financial help may be available through
housing benefit. Application can be made tts the appropriate Ioc31 aJlhorily, ie Wellingborough Borough Council
lor the properties in Wellingborough,. North Northamptonshire Council for the properties in lrthlingborough.
Page 3

THE LOUISA LILLEY ALMSHOUSES
TRUSTEES. REPORT (continued)
For the year ended 31 December 2024
b. TRUSTEES. REVIEW OF THE YEAR'S ACTIVITIE5
There was a surplus for the period before unrealis2d revaluation gains on investments amounting to £f8,730
12023 - £39,126). Unrealised revaluation gains on investments lor the period 8mounled to £37.021 12023
£83,200).
Unrestricted funds at 31 December 2024 amounted to £312,726 (2023 - £293,996). Revaluation reserve funds at
31 December 2024 amounled to £610,14512023 - £573.124)
The Trustees, in general, are of the opinion that the affairs of the Trust are in good order.
2024 was a successful year for the Tnjgl.
We lost one Resident in 2024 who pass2d away unexpectedly at Wellingborough. A new R2sident moved In
fairty quickly and has fitted in well. We have a full, set of Residents at this time.
The Trust's Secretary, Michael Port, had a successful year and the Trustees wish to record their appreciation of
all his efforts.
The gardens Gontinue to improve wlh the new garden al lrthlingborough now being goo/0 complete.
Further work on the roofs has been done and will continue in 2025.
The Trustees are of the rjpinion thal the affairs of the Trust are in good order.
Financial review
. RESERVES POLICY
The Trustees hands on. approach lo managing the Twst's affairs, since its re-vilalisalion in the late 1970'slearly
1980's, has been very successful resulting in the Trust's current solid financial position.
The Trustees have endeavoured, and will continue to endeavour, lo build up reserves which will be required in
th$ long term to meet the cost of major enhancernent works but they have had lo balance this against the need,
over recent years. lo carry out substantial inlemediale improvement works. The Trust has investment income
and the only real SDurce of income, lo build up reserves, is from the maintenance contributions hence the
Trustees agreed policy to increase maintenance contributions every year by the maximum permitted amount.
Any shortfall In the long term investment required will have lo be mel either by funding Irom the Homes and
Communily Agency, which is unlikely. or loans via the Almshouses Association.
b. AVERAGE PAYMENT DATE
The average time taken between receipt and payment of purchase Invoices is 7 days.
c. INVESTMENTS POLICY
Funds ￿1c￿ are surplus to immediate spending needs are held either on interest be8ring deposit accounts or in
Charities Investment Fund income or accumulation shares. Units held in these investrnents are shown al market
value.
Page 4

THE LOUISA LILLEY ALMSHOUSES
TRUSTEES. REPORT (continued)
Forthe year ended 31 December 2024
structure> governance and management
. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES
The management of the charity is the responsibility of the Twslees who are elected and co-opted unLler the
terms of the Trust deed.
The deed of relifement and appointment of Trustees is dated 25 Augusl 2021.
b. TRUSTEES
The Trustees served duiing the year were..
Mr S Adams
Jrs S hAorton
Mr R Rowtalt
Mrs J Wilson
Mr D Maddock
Nlrc R CAdams
MrA J Mayes
Mr5 K Gent (resigned 1 July 20241
Mr J Barker - training lappoinled 1 November 20241
Mr C J D Morton, Chairnian
Part-time secretary to the Trust..
MrMJPort
4 Whytewell Road
WELLINGBOROUGH
Northanls
NN8 5BE
¢. RISK MANAGEMENT
The Trustees have assessed the major risks lo which the charity is trxposed, in particular those related lo the
operations and finances of the charity, and are salislied that systems and procedures are in place lo miligaie our
exposure to the major risks.
Page 5

THE LOUISA LILLEY ALMSHOUSES
TRUSTEES. REPORT Icontinuedl
Forthe year ended 31 De¢ember 2024
TRUSTEES. RESPONSIBILITIES STATEMENT
The Truslees are responsible for preparing the Trustees, report and the financial statements in accordance wlh
applicable law and United Kingdom Accounling Standards (United Kingdom Generally Accepted Accounting
Praclicel.
The law applicable to Charl￿eS in England & Wales requires the Trustees to prepare financial slalernents for
each financial year which give 8 true and 13ir view ol the slate of affairs of the charity and of the incoming
resources and application of resources of the charity for that period. In preparing these financial stalemerjts, the
Trustees are required ID..
select suileble accounting policies and then apply them consislenlly.,
observe the methods and principles in the Charities SORP-
make judgments and accounting estimates that are reasonable and prudent-,
stole whether applicable UK Accounting Standards have been followed, subject lo any material departures
disclosed and explained in the financial statements.,
prepare the financial slalemenls on Ihe going concern basi5 unless il is inappropriate lo presume thal the
charity will continue in operation.
The Trustees are responsible for keeping proper a¢¢ounling records that are suffiaenl lo show and explain the
charitys transactions and disclose with reasonable accuracy at any time th2 financial position of the charity and
enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts
and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding
the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and
other irregularities.
The Trustees are responsible for the mainlen3nce 2nd inlegrbty of the charity and financial information Included
on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of
financial siatemenls may differ from legislation in other jurisdictions.
repo
twas
pproved by Ihe Trustees, onlGEt M 2ub6d signed on Iheir behalf by:
MrCJD
Chairman
orton
Page 6

THE LOUISA LILLEY ALMSHOUSES
INDEPENDENT EXAMINER'S REPORT
Forthe year ended 31 December 2024
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE LOUISA LILLEY ALMSHOUSES Ithe
'charity')
I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 December
2024.
RESPONSIBILITIES AND BASIS OF REPORT
As the Truslees ol the ch8rity you are responsible for (he preparation of the accounts in accordance with the
requirements of the Charities Act 2011 I'lhe 2011 Acl'l.
I report in respect of my examination of the charily's accounts carried out under section 145 of Ihe 2011 Act and
in carrying out my examination I have followed all the applicable Directions glven by the Charity Commission
under section 14515llbl of the 2011 Act.
INDEPENDENT EXAMINER'S STATEMENT
Your allenlion 15 drawn to the fact that the Gharily has prepared the accounts in 8CGordance with Accounting and
Reporting by Charities.. Stalemanl of ReGommended Praclice appliGable lo charilies preparing their accounts
accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland IFRS 1021 in
preference lo the Accounting and Reporting by Charities.. Slatemenl of Recommended Practice issued on 1 April
2005 which 15 referred to in the exlanl regulations bul lias been withdrawn.
l understand that this hss been done in order for the accounts lo providg a true and fair wew in accordance with
the Generally Accepted Accounting Practice effeGtive for reporting periods begiiining on or after 1 January 2015.
I have completed my examination. I can confifm that no maller5 have come to my atterilion in connection with
the examination giving me cause lo believe that In any material respect..
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act,. or
the accounts do not accord with those records., or
the accounts do not comply with the applicable requirements concgrning the form and content of
accounts set oul in the Charities (Accounts and Report51 Regulations 2008 Either than any requirement
that the accounts give a 'lrue and fair, view whiGh is not a matter considered as parl of an independent
examination.
I have no concerns and hzvo come across no other matters in connection with the examinats'or5 to which
allenlion should be drawn in this report in order to enable a proper understanding of the accounts lo be Teached.
Signed..
Dated.. 9 June 2025
Rebecca Hughes Bse (Honsl FCCA
MHA
Chartered Accountants
Century Ho*J5e
The Lakes
Northampton
NN4 7HD
Page 7

THE LOUISA LILLEY ALMSHOUSES
STATEMENT OF FINANCIAL ACTIVITIES
Forthe year ended 31 December 2024
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Note
INCOME FROM:
Charitable activities
Inveslmenls
69,465
6,440
69,465
6,440
71,066
3,069
TOTAL INCOME
75,905
75.905
74,135
EXPENDITURE ON:
Charitable activities
57,175
57.175
34,999
TOTAL EXPENDITURE
57,175
57,175
34,999
NET INCOME BEFORE OTHER RECOGNISED GAINS AND
LOSSES
Gaii)slllossesl on revaluations of investment8
18,730
37,021
18,730
37,021
39.136
83,200
NET MOVEMENT IN FUNDS
55,751
55.751
122,336
RECONCILIATION OF FUNDS..
Total funds brought forward
867,120
867,120
744,784
922,871
922,871
867,120
TOTAL FUNDS CARRIED FORWARD
The nDtes on pages 10 10 17 form part of these financi8151atemenls.
Page 8

THE LOUISA LILLEY ALMSHOUSES
BALANCE SHEET
As at 31 De¢eEnber 2024
2024
2023
Note
FIXED ASSETS
Tangible assets
Inveslmenls
23,949
813,366
23,949
776,345
10
B37,315
800,294
CURRENT ASSETS
Debtors
1,308
63,776
23.792
997
41,327
27,925
Investments
Cash al bank and in hand
12
88,876
70,249
CREDITORS.. amounts falling due within
one ye3T
13
13,320}
13,4231
NET CURRENT ASSETS
85.556
66,826
NET ASSETS
922,871
867,120
CHARITY FUNDS
Unrestricted funds=
14
14
Unreslricled funds
Revaluation reserve
312,726
610,145
293,996
573,124
14
Totsl unrestricted funds
922,871
867,12CI
TOTAL FUNDS
922,871
867,120
The fina
cial slalemenls were approved by the Trustees on IbkK * 2oisand signed on their behalf, by.
MrCJDMorton
Chaimian
Mr D W Maddock
Trustee
The notes on pages 10 10 17 form part of these financial stalemenl5.
Page 9

THE LOUISA LILLEY ALMSHOUSES
NOTES TO THE FINANCIAL STATEMENTS
Forthe year ended 31 Oecember 2024
ACCOUNTING POLICIES
1.1 Basi5 of preparation of financial statements
The financial statements have been prepareLI in accordance with the Charities SORP IFRS 102)-
Accounting and Reporiing by Charities.. Stalemenl of Recommended Practice applic8ble lo charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in Ihe UK
and Republic of Ireland IFRS 1021 leffeclive 1 January 20191, the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011.
The Louisa Lilley Almshouses meets the definition of 8 public benefit entity under FRS 102. Assets
and 5iabililies are initially recognised at historical cost or transaction value unless otherwise staled in
the relevant accounting policy.
The Louisa Lilley Almshouses constitutes a public benefit entity as defined by FRS 102.
1.2 Income
All income is recognised once the charity has enlitlemenl lo the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
Income tax recDverable in relation lo investment income is recognised at the time the inveslmenl
income is receivable.
1.3 Going concern
The financial statements have been prepared on a going concern basis. The Trustees have
considered relevant informaliDn. including the annual budget. forecast future cash flows and the
impact of subsequent events in making their assessment.
The Trustees have nol identified any further rnaterial uncertainties that may cast significant doubt
about the ability of the charitable company lo continue as a going conGem.
Based on these asse5sment5 and having regard lo the resources available lo the charitable
company, the Trustees have concluded that there 15 no material uncerl8inly and that they can
conlinue lo adopt lh8 going concern b2sis in preparing the onnu21 report and accounts.
1.4 Fixed as5et5 - Housing land and buildings
Housing properties are slated al cost. The developmenl cost of housing properties includes the
fo15owing'.
cost of acquiriiig land aiid buildings".
development expendilure.,
Page 10

THE LOUISA LILLEY ALMSHOUSES
NOTES TO THE FINANCIAL STATEMENTS
Forthe year ended 31 December 2024
ACCOUNTING POLICIES ICONTINUEDI
1.5 Depreciation - Housing land and butldings
Depreciation of housing properties was effectively recognised..
by hovsing association gr3nls which reduced the net inve5tmen15 in housing properties, ie
cost less housing association grant, to an amount which can be recovered frDrn the expected
net rental income.. and
in respect of that proportlDn of Gosl not financed by eilher housing association grant, or by
Ions lerrn loan by making a transfer from reserves lo accumulated depreciation.
No depreciatlon has been provided on housing properties during the year. The net value of
properties shown in the balance sheet is estimated tt) be less than Iheir land value.
1.6 Future cycllcal repalr and malntenance reSe￿e
The reserve reflects the Trust's liability to maintain it5 properties in accordance with a planned
programme of wDrk5 and is maintained in accordance wilh an order by the Charity Commission
daled 14 May 1982.
1.7 Housing Association grant
Social Housing Grant ISHGI is receivable from the Homes and Communities Agency and formerly
from the Housing Corporation and is utilised to reduce the capital costs of housing properties,
including land costs. SHG due from the HCA or received in advance is induded as 8 current asset or
liability. SHG received in respect of revenue expenditure Is credited to the incoime and expenditure
account in the same period as the expenditure lo which il Telates.
SHG is subordinated lo the repayment of loans by agreement with the HCA. SHG released on sale
of a property may be repayable bul is normally available lo be recyded and is credited lo a Recyded
Capital Grant Fund and iiicluded in the balance sheet in creditors.
1.8 Property management
Tho Trust carries Out a programme of maintenance of ils propety Portfolio designed lo keep it in a
good slate of repair and suitable for the use for which it was originally ¢onslruGled.
After taking account of HAG and other capital granls the Tnjstees hav8 considered that a charge for
depreGialion would generally be unnecessary.
1.9 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their
transaction cosl and subsequently measured al fair value at the Balance sheet dale, unless fair
value cannot be measured reliabity in which case il is measured al cost less impairmenL Investment
gains and losses, whether realised or unrealised, 8re combined and shown in the heading
'Gainslllossesl on inveslmenls, in the Statement of financial activities.
Page11

THE LOUISA LILLEY ALMSHOUSES
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2024
ACCOUNTING POLICIES ICONTINUEDI
1.10 Fund accounting
General funds are unreslricled funds which are available for use at the discretion ol the Trustees in
furtherance of Ihe general objectives ol the charity and which have not been designated for other
purposes.
Design3ted funds comprise unreslricled funds that have been sel aside by the Tr*Jslees for
particular purposes. The aitn and USE of each designated fund is sel out in the notes tl) the financial
stalemenls.
1.11 Taxation
The Trust is accepted as a charity by HM Revenue & Customs. Income and capital gains of the
Trust are generally exempt from lax if applied for charitable purposes.
INCOME FROM CHARITABLE ACTIVITIES
Unrestrlcted
funds
2024
Total
funds
2024
Toial
funds
2023
IncDme from maintenance contributions
69,465
69,465
71,066
Tolal 2023
71,066
71,066
INVESTMENT INCOME
Unrestricted
funds
2024
Total
funds
2024
Totsl
funds
2023
Bank interest receivable
Dividends
2,449
3,991
2,449
3,991
626
2,443
6,440
6,440
3,069
Total 2023
3.069
3,069
Page 12

THE LOUISA LILLEY ALMSHOUSES
NOTES TO THE FINANCIAL STATEMENTS
Forthe year ended 31 December 2024
DIRECT COSTS
Total
2024
Total
2023
Activities
Repairs and maintenance
Insurance
Garden maintenance
Light and heat
Quinqijennial review costs - Cosl of works
Call Care Scheme
Management and 8dministr8tion
7,931
2.002
21,357
1,095
9,540
2.000
9,280
7,931
2,002
21,357
1,095
9.540
2,000
9,280
8.846
2,IMO
11,783
1,C)09
1.684
6,816
53,205
53,205
32,178
Total 2023
32,178
32.178
OFFICE OVERHEADS
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Accountancy
Subsriptions
Sundry expenses
1,457
1,130
1,383
1,457
1,130
1.383
1,403
648
770
3,970
3.970
2,821
ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE
Staff costs (Xher costs
2024
2024
Total
2024
Total
2023
Eslale costs
Office overheads
9,280
43.925
3.970
53,205
3,970
32.178
2,821
9,280
47,895
57,175
34,999
Total 2023
6,816
28.183
34,999
Page 13

THE LOUISA LILLEY ALMSHOUSES
NOTES TO THE FINANCIAL STATEMENTS
Forthe year ended 31 December 2024
INDEPENDENT EXAMINER'S REMUNERATION
The Independent Ex3miner's remuneration amounts lo an Independant Examinalion fee of £1,457 (2023
£1,403)
STAFF COSTS
Staff costs were as follows..
2024
2023
Wages and salaries
9.280
6.816
The average number of persons employed by the charity during the year was as follow5-.
2024
2023
No.
No employee received remuneration amounting to more than £60,000 in eilher year.
Fixed assets
2024
2023
Housing land and buildings Ifreeholdl
Cost
Less.. Govemment grants received other than Housing
Association Grant
130.215
130,215
122,050)
122,0501
Nel cost at 1 January 2023 and 31 December 2023
Less..
Housing Associalion Grant
Depreciation
108,165
108,165
172,5621
111.654)
172,5621
111,6541
Net book valsje al 1 January 2023 and 31 December 2Q23
23,949
23,949
Page 14

THE LOUISA LILLEY ALMSHOUSES
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2024
10. FIXED ASSET INVESTMENTS
Unlisted
securitles
other
investments
Total
Market value
At l January 2024
Revaluations
87,340
1,973
689.005
35,048
776,345
37,021
At 31 December 2024
89,313
724,053
813.366
11. DEBTORS
2024
2023
Other deblor5
Prepayments and accrLted income
268
1.040
35
962
1,308
997
CURRENT ASSET INVESTMENTS
2024
2023
Charities deposit fund
63,776
41,327
13.
CREDITORS: Amounts lalling due within one year
2024
2023
Other creditors and accruals
3,320
3,423
Page 15

THE LOUISA LILLEY ALMSHOUSES
NOTES TO THE FINANCIAL STATEMENTS
Forthe year ended 31 December 2024
14. STATEMENT OF FUNDS
STATEMENT OF FUNDS - CURRENT YEAR
Balance at
31
Gainsl December
{L055esl
2024
Balance at
1 January
2024
Transfers
inlout
Incorne Expenditure
Designated fund5
FuluTe cyclical repairs
Extraordinary repairg
Property equity
149,688
135,203
23,949
14,860
12,620
164,548
147,823
23,949
308,840
27,480
336.320
General funds
General Funds all funds
Revaluation reserves
24,292
533,988
75,905
157,175)
127,4801
15,542
571,009
37,021
558.280
75,905
157,1751
127,480
37,021
586,5S1
Total Unreslricled funds
867,120
75,905
157,1751
37,021
922,871
Total of funds
867,120
75,905
157,175J
37,021
922.871
STATEMENT OF FUNDS - PRIOR YEAR
Balance al
31
December
2023
Balance al
l January
2023
Transfer5
inlout
Gainsl
ILoss2sI
Income Expenditure
Designated funds
Future Gyrlical repairs
Extraordinary repairs
Property equity
129,608
122,923
23,949
20,080
12,280
149.688
135,203
23.949
276,480
32,360
308,840
General funds
General Funds - all funds
Revaluation reserves
17,516
533,988
74,135
134,9991
{32,3601
24,292
533,988
Total Unrestricted funds
827,984
74,135
134,999)
867,120
Total of funds
827,984
74,135
134.9991
867.120
Page 16

THE LOUISA LILLEY ALMSHOUSES
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2024
15. ANALYSIS OF NET ASSETS BETWEEN FUNDS
ANALYSIS OF NET ASSETS BETWEEN FUNDS- CURRENT YEAR
Unrestrfcted
funds
2024
Total
funds
2024
Tangible fixed assels
Fixed asset investments
Currenl assets
Creditors due within one year
23,949
813,366
88,876
13,3201
23,949
813,366
88,876
13,3201
922,871
922,871
ANALYSIS OF NET ASSETS BETWEEN FUNDS- PRIOR YEAR
Unrestricted
funds
2L123
Total
fund5
2023
Tangible fixed assets
Fixed assel investments
Current assets
Creditors due within one year
23,949
716,345
70.249
13.4231
23,949
776.345
70.249
{3,4231
867,120
867,120
16. CAPITAL COMMITMENTS
The trust had no capital commitments at 31 December 2024 or 31 December 2023.
17. CONTINGENT LIABILITIES
In the opinion of the Tnjstees. there were no conknngent liabilities at 31 December 2024 or 31 December
2023 likely lo cryslalise within 12 months of the approval dale of these accounts.
In the event that the Trusvs property were lo be sold, Ihe Trust may be liable to repay the HAG (see page
91 advanced by the Housing Corporation in 197611977.
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