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|Contents||
|---|---|
||Page|
|Generallnformation||
||I|
|J'rustees'Report||
||_-+|
|Independenlexaminer,srepoft tothetrustees|5|
|Statementoffinancialactivities|6|
|Balancesheet||
||7|
|Notes toaccounts||
||8-11|
|Summaryincclme and expenclitureaccor_rnt|12|
|Fropertl,revenue account||
|ceneralincomeand erpencritureacLrount(non housingactivities)|t+|
|l-ixed as.etirrr911n{-'111t|I<|





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||Note||2425|2024|
|---|---|---|---|---|
|INCOMINGRESOURCES|||||
|incomingresourcesliornciraritable|||||
|activities||1|11|t.737|96,614|
|lnvestmentInconte||-1|23,466||
||||134,203|Ilc).977|
|RESOURCES EXPENDET)|||||
|Costsofcharitabieactivities|||99,513|101.207|
|Governancecosts|||13,061|1t.757|
||||112,574|i18.964|
|NETMOVEMENT INFUNDSFORTHE|||21,629|1.013|
|TINANCIAL YEAR|||||
|Balances broLlghtforuard|||1|l.)n|
|BALANCECARRIED FORWARD|||1'1 48,762|1.087,133|





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||Note|2025||2024|
|---|---|---|---|---|
|FTXED ASSETS|||||
|Tangibleassets||343,458||ii)750|
|Investments||536,082||536,082|
|||879,540||888.832|
|CURRENTASSETS|||||
|Debtors||||{_)|
|Cash atbankandiiihand||229,942||203,433|
|||229,942||203.433|
|CREDITORS: Amounts fallingdue||720||7?0|
|withinoneyear|||||
|NET CURRENTASSETS||lror?,||1n1 71'!|
|TOTATASSETSLESSCURRENTLIABILITIES||1r108,762||1.09 I sji|
|RT]SERVES|||||
|Unrestricted fund||I,WuJ62||i.069,1 33|
|Revaluationreserve(Unrestrictedfund)||18,O00||t8.c00|
|||lrl0&,762|:|10R7lii|





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|||||Income||
|---|---|---|---|---|---|
||||2A25||2424|
||||*.||f|
||Housingactivities||106.49-5||92,543|
||Ceneral charitableactivities||,,1,)t1<br>+--t_||4,111|
||||110.737||q66l.l|
|3|INTEREST ANDOTHERII\IIIESTMENTSI1YCOME|||||
||||2425||2$21|
||||{.||g|
||lnvestment income||||23,218|
||Bank depositinterest||1.268||146|
||Donationand miscellaneous|||||
|||:|23.456||-1J--!nJ|
||Allocatedto:|||||
||HousingActivilies||2.003||t,l6_l|
||General charitableactivities||2t.463||22,181|
||||23"466||,J.JOJ|
|4|OPERATINGSURPLUS|||||
||||2025||2424|
||||g||f,|
||Operating surpiusisafter charging|||||
||Depreciation||9.292||I)O)|
||Reportingaccountant'sremuneration||724||720|



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|||Housing|Stock||
|---|---|---|---|---|
||Agricultural|Freehold|Freehold||
||FreeholdLand|Land|Buildings|Total|
||f|f,f||f,|
|Costorvaluation|||||
|OpeningbalanceatIApril2024||143,000|467,521|610,521|
|Additions|||||
|||143,000|467,521|610,52I|
|Depreciation|||||
|AtIApril2024|||t)t./tt|25i.771|
|Chargeforthe year|||Q1Q-)|9^292|
|At3lMarch2025|||261.453|267.063|
|Net book value|||||
|Ati1March2025||143,000|200,458|343,458|
|Ar3lMarch2024||143.000|209,750|t5?750|



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|F'IXED ASSETINYESTMENTS||||||
|---|---|---|---|---|---|
|||2tJ25|||2024|
||Cost|Market||Cost|Market|
|||T|f|*.|f|
|Costaltd valuationatyearerrd||||||
|Fixed interest||13.261|rt.283|13,267|Ii,60i|
|Charincoincor.ne shares||10"191|11.649|i0.19l|,10,003|
|Charishare lncomeshares||23,458|<br>52.932|23.458|5t"604|
|Other||||||
|L.isted Investmenis||25^166|45.131|25.166|43.619|
|CharitiesOfficialInvestmentFund|487.458||1.337.396|487,458|r.163,B49|
||5|t2.624|I.382.533|512.624|1.207,528|
|Totai|536.082||l,;135,465|536.082|1?iqli)|



||||
|---|---|---|
|Cost-movementduringtheyear|2025|2024|
||,|f|
|AtiApril2024|536,082|536"082|
|Disposals|(60,000)|(60.000)|
|Additions|60,000|60.000|
|At31Marctr2025|536,082|536.082|



||2075||2{124||
|---|---|---|---|---|
||f||f||
|Sundrl,accruals||724||5132|





## 

|TheCharityofNicholasSwallowand other|s||
|---|---|---|
|STATEMANT OFFINANCIALACTIVITIES|||
|Yearended31March2025|||
||2t25|2A24|
||*,|f,|
|PROPERTY REVENUE ACCOUNT|||
|Surplusl'rrrtheyear(pagei3)|76.r98|35.852|
|GENEITAL INCOME AND EXPBNDIT'UREACCOUAIT|||
|{NONHOUSI}{GACTMTIES)|||
|L-lxcess(Deficit) ibrthe-v-'ear(page1.1)|56e)|(34.840)|
|Netsurplusi(deficit) tirrtlte vear|21.62e|1.012|





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||202s|2021|
|---|---|---|
||f,|*,|
|HOUSINGINCOME|||
|Propertl,"rentsreceivable|106.;19-5|Yl.)Ur|
|OTHERINCOME|||
|Bank deposit interest|1.268|146|
|Investment lncome|736|1,037|
||2,00i|1.183|
|TOTAL INCOME|108.,{98|93.685|
|EXPfNDIT'URE|||
|ir.rsurance|4.517|3.661|
|Electricity&gas|329|68S|
|Maintenanceofproperties|10,80r|40.58i|
|Maintenatce ofgrouncls andequipment|4,16i|l.eu+|
|Properlvmanasementcosts|244|24i!|
|Accountanl's remuneralion|42()|i60|
|BankCharges|||
|Prolessionaiiees|2,534||
|Sundry|||
|Depreciationofbuildings|q?q1|q.2s2|
|Totalmanagenrent costs|i /<br>1tlt,|57.83i|
|SURPLUSTRANSFERRED TOSUMMARY|||
|INCOMEAND EXPENDITURE ACCOUNT|76,lgft|35,852|





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||2425|2425|2824|
|---|---|---|---|
|||$|f.|
|TNCOME||||
|Agriculturalrentsreceivable||l<br>-',A1<br>a.L1)|4,r11|
|OTHERINCOME||||
|Ilvestmentincome||19,646|19,7CI9|
|Bank deposit interest||I.817|) Lt)|
|Donations&miscellaneous||||
|||2 r.463|a")1Qi<br>L,.l<br>gI|
|TC}TALINCOME||25^105|l(1()1|
|EXPENDITURE||||
|Clerk'scosts||I1"048|9.529|
|Accountant'srernuneration||42A|360|
|Charitl,'aid||68"202|50"663|
|Donatiorrs&miscellaneous|||0|
|Trustee irtsurance||604|57q|
|||8C.214|6l.i3t|
|SURPLUS /(DETICIT") TRANSFERRED TO<br>SUMMARY INCOMEAIIDEXPENDITURE ACCOUNT|(|s-l56Q\|*_!${[|





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||31|N,larch2025||3lT\4arch2C24|3lT\4arch2C24||
|---|---|---|---|---|---|---|
||Holding|Book|Market|Holding|Book|Market|
|||value|value||yalue|value|
|||*.|f||*,|f|
|NARROWER RANGE|||||||
|INVESTMENTS|||||||
|CharincoCommonlnvestnrenl7.916.13||13,267|<br>I1.601|7,946"13|<br>13"267|I 1.840|
|Fund(FixedInterest)|||||||
|CharishareComrnon|5.,187.i,1|r0.t91|40.003|5.487.34|I0.I91|38.795|
|InvestmentFund|||||||
|||23,458|51,604||23,458|50.635|
|WIDERRANGE|||||||
|INYESTMENTS||25,166|43,769||25"166|40,861|
|(seebelow)|||||||
|SPECIAL RANCE|||||||
|INVESTMEN'I'|||||||
|CharitiesOfficialInvestment|||||||
|F'und|||||||
|lncomeshares|5,173.6141,t46||93,642|5,i7-3.61|4t^t16|q5i57|
|Clobal EquityFund|254^886.q7|440.000|642,315|239.450.27|440,000|601,020|
|Accumulationshares|1.904.286.312||127.892|t.904.28|5llf|426.-55+|
|||487,4-i8|I,163,849||487,4,58|I,123,136|
|TOTALINVESTMENTS||536,082|1a59,222||5t6nR1|1,214,632|
|WIDERRANGE|||||||
|II\N/ESTMENTS|||||||
|M&C tlharifuncl|||||||
|incomeshares|638|<br>2,515|9.289|638|2,515|9.469|
|Citl'Financial|||||||
|MMCrowth Account|800022.65i||34.480|8000|22.651|31.i92|
|Accumulationshares|||||||
|||25,166|13,769||2.5"t66|40,86!|