Registered Charity Number: 203458
SALTERS, COMPANY JAMES SMITH'S ALMSHOUSE CHARITY
ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2025

SALTKRS. COMPANY JAMES Smrrll's ALMSHOUSE CHARrrY
CONTENrs
P*%e
Trustee 8nd advi50r5
Trustee Report
Independent auditors, report
Statement of financial activities
Balance 3h¢¢t
Noles to ihe financial statements
9-14

SALTERS? COMPANY JAMES SMITH'S ALMSHOUSE CHARTrY
TRUSTEE ALYD ADVISORS
FOR THE YEAR ENDED 30 JUNE 2025
Trustee
The Master. Wardens and Commonalry of the Art
or Mistery of Salters, London
Master
Mr AS Mcmurtrie
Upper WardeD
The Lord R¢xkley
Second Warden
Mr JF Stebbing
B#nkers
Lloyds Bank ple
Threathieedle Street. London
Sollclto
Pinsent M&sons LLP
London
lllveitment MADAger
Newton Inveslmcnt Management Limited
London
Audlior•
Saffery LLP
71 Queen Victoria Streel
London
EC4V 4BE
Clerk to the Trujte
Mr TD Smlth
Enquiries about the Charity should be addressed
10
Mr TD Smith
The Salters, Company
Salters, Hall
4 London Wall Place
London
EC2Y 5DE
Regis¢¢red Charity N
203458
DAte of reglJtr4tion:
23 Febnwy 1993

SALTERS, COMPANY JAMES SMITH'S ALMSHOUSE CHA]UTY
REPORT OF THE TRUSTEE
FOR THE YEAR ENDED 30 JUIYE 2025
The Trustee presents its report for the year ended 30 June 2025.
Trustee
The Tr￿[¢¢ is appointed and serves in accordan¢e with the terms ofthe Twsi Deed. The Court ofthe Salters, Company
ting for the Company as Trustee meets lo discuss the SaI￿r$, Company James Smith's Almshouse Charity matters
at least twice a year.
Trustees And *dv150rs
The nBmes of the Trustee and its advisors are shown on the preceding p28e.
Trustee respoDslbllltles
The TNslee is responsible for pl￿aring the Report of the TnL8tee and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice).
The law applicable to charities in Englond & Wales requires the Trusttt to prepare financiAI statements for each
rinancial year which give a Irue and fwr view of the stale of affairs of the charity and of the incoming resou￿¢8 and
application of resources of the Charity for that period. In preparing these financial statements. Ihe Trustee is required
lo..
select. suitable a￿ountIng wlicies and then apply them consistently>
obsetve the methods and principles in the Charities SORP (Statrment of Recommended Practi¢e)'
make judgements and estirnates that ar¢ reasonable and prudent..
stale whether appli¢able ac¢ountingsthndards have been followed, subject to any material departures disc105ed
and explained in the financial staiemenls. and
prepare the financial statements on the going concem basis unless it is in&ppropriat¢ to presume that the
Charity will continue ￿ a going Cortcem.
Thc Trustee is responsible for keeping proper accounting records which disclose wilh reasonable accuracy at any time
Ihe financial position of the Charity and to enable it to ensure th￿ the financial statements comply with the Charities
Act 2011, the Charicy (Accounts and Reports) Regulations 2008 and the provisions of the Tn￿t deed. It is also
responsible for the prevention and detection of fraud and other irregularilies.
Tbe Charlty
Eight houses ai 79-85 Bridge Road, Maidenhead were founded as almsh0￿c$ by James Smith in 1661. The eight
houses were Converted into four houses in 1949. The four hou5cs were further converted into eight flats in 1989.
Nominations are for men and iheir wives, or poor widows or widowers, for inhabitsnts of the Royal Borough of
Wind50T and Maidenhead 8nd above fify years of age.
Nominations may be made alternately by the Council of the Royal Borough of Wind50r and Maidenhead and the
Parish of Cwkham. subjecl to the approbation and confimation of the Salters, Company.
The Charity is regulated by a Scheme of the Chariry Commissioners of 23 February 1993.
The Charity ¢nlered into a 100 year long le&se on 29 September 1988 with the Royal Borough of Windsor &
Maidenhead for Salters, Close, on which nine bUn8￿OWS have been built.
Objective and gitDs of the Charlty
Th¢ princip￿ objective and aim of the Charity. &% sel OUI in the Scheme, is io apply the income of the Charity for the
b¢nefit of the ￿rnsF￿0pje of the Clwity or any of them in such a Mat￿er as the Trustee thinks fit from time to time.
A¢tivitles of the Charity
Th¢ Charity aims to ensure the wellbeing of all the almshouse residen(s. There were eight r¢sidents occupying the
eight flats at 30 June 2025.
Key Personnel
The Charity's key personnel and decision maker is the Tn]stee acting either via the Salters, Coun or 8 nominated
sU￿¢0MmIttee. They did not receive remunerdlion nor expenses.
DoDatlOll8 from Trustee
Th¢r¢ have been no donations from the TnJsiee during the year.

SALTERS? COMPANY JAMES SMITH•S ALMSHOUSE CHARrrY
REPORT OF THE TRUSTEE (continued)
FOR THE YEAR ENDED 30 JUNE 2025
Investment powersj policy and performance
The Trustee's inv¢stment powers are governed by the Trt￿l Deed, which pern)its the Charity's funds to be invested
in any security listed on the London Stock Exchang¢. Th¢ policy is to produce the optimum total return from
income or capital. whichever is the more effective in the prevailing conditions.
The Charity's investments have continued to be managed by the Clwity's investment manager in eonforniity with
)licy and the Trust Deed. The portfolio enjoyed another positive year and by the yearryend the portfolio had
experienced an incre￿¢ in value of £28,686.
Publle b¢llefit
Th¢ Ttwstee has referred to the guidance cont&ined in the Charity Commission's general guidance on public benefit
when reviewing the aims and obje¢lives and in planning future activities. In particular the Trustee considers how
planned activities will contribulc lo the aims and objectives they have sel. The Try￿tee considers the cu￿ent
aclivities deliver public benefit. Details of the activities are given earlier in this rerrt)rt.
Principal rlsks and ullcertaln¢S¢s
The Trustee considers Ihcrc are no moterial risks or uncertaintie5 &bout ihe Charity's ability to continue as a goin8
oncern due to ihe value of ihe total Charity funds at the year-end.
The principal risks of the Charity as assessed by the trustee are: (l) Fire and Flood, which risk is mitigated with a
building insurance policy and (2) rising costs of maintenance, which is mili8ated by adequately funded
maintenance fvnds.
Flnanelal po8ltlon and reserves pollcy of the Cbarlty
The reseTves policy is lo build and hold investments to provide an income Stream towards meeting the Charity's
operating cosis. Ai 30 June 2025 free reseryes were £545,054 (2024: £520,759), This figure does not include ihe
value of the housing land and building5, £263.889 (2024: £263,889), as the Trustee does not consider this lo be a
readily rcalisable asset, whilst the Charity continues lo operate. The Tr￿Stee believes il is appropriate to hold
reserves of be￿een £0.35million and £0.75rnillion to fulfil their obligaiions to residents should ther¢ be a fall in
the incom¢ of the Charity or a sudden rte¢d for major expenditure. In the cutTent economic climate, the Trnstee
does nol believe the level of reserves is ex¢es5iv¢. In the longer-terni the Charity may require subslanlially higher
resetves when the long leasehold expires (see Note 1.3).
Future pla
Th¢ Trustee will continue to meet the objective atMI aim of the Charity which is to apply the income of the Charity
for the benefit of the almspeople of the Charity or any of them in such a manner as ihe Trustee thinks fit from lime
to time. In doing so it will ¢onsider all methods of achieving this.
For and on beh￿f of Salters, Company James Smith's Almshouse Charity on 30th Oclober 2025.
AS Mcmurtrie
Master
For the Tn￿tee
The Lord Rockley
Upper Warden
For the TruS￿e
Clerk to the Trustee

SALTERS? COMPANY JAMES SMITH'S ALMSHOUSE CHARrrY
INDEPENDENT AUDITORS, REPORT TO THE TRUSTEE
FOR THE YEAR ENDED 30 JUNE 202S
Oplnlon
W¢ have iudited the financial statements of the Salters, Company Jame5 Smith's A]msho￿se Chariry for the year
ended 30 June 2025. which comprise the Statement of Financial Activities. the Balance Sheet atKI notes io the financial
statements. including a summary of significant ￿OUntIng policies. The firwicial reporting framework that has been
applied in rheir preparation is applicable law and Unitcd Kingdom Accounting Standards, including Financial
Reporting Standard 102, the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (United
Kingdom Generally Accepied Accounting Practice).
In our opinion the financial stalements:
give a true and fair view ofthe state of the charity's affairs as at 30 June 2025 and of its inwming resources and
application of r¢sources for the year then ended.
have been properly prepared in accordan¢e with United Kingdom Generally Acc¢pted Accounting Practice; and
have been prepared in accordance with the requirements of the Charities Act 2011.
B48iJ for opinlon
We conductrd our audit in aecordance with International StAndards on Auditing (UK) (ISAS (UK)) and applicable
law. Our r¢sponsibiliiies under those Standards are further d¢s¢ribed in the Auditor's responsibilities for the audit of
the financial siatemenis section of our report. We are independent of ihe charity in accordance with the ethical
requirements ihat are relevant to our audit of ihe finon¢ial statements in the UK, including the FRC'S EthicAI Standard,
and we have fulfilled our other ethical responsibilities in accordan¢¢ with these requirements. We believe that ihe
audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Concluslon relatlDR ¢0 going collcern
In auditing the financial statements, we have concluded that ihe ThLStee's use of the going concern b&4is of accounting
in the preparation of the financial .8larements is appropriar¢.
Based on the work we have perfomied, we havc not identified any material unccrtainties relating to events or
conditions that, individually or collectively? may cast significani doubt on the Charity's ability to continue as a going
concern for a period of at least twelve months from when the financial sla(emenls are authori3ed for issu¢.
Our responsibilities and the responsibilities of the Trustee with respect to going con¢¢m are described ift the
relevant sections of this report.
Other Inforniatlon
The Trustee is responsiblc for the other information. The other infomjation ¢omprise5 the informalion included in
the annual report, other than the financial statemenls and our auditors, report Ihereon. Our opinion on the financial
statements does not cover the other infoTmalion and, except to the extent o¢herwise expliciily stated in our report, w¢
do not expr¢55 any forni of assurance conclusion thereon.
Our responsibility is to read the other inforniation and. in doing so, consider whether the other information is
materially inconsisteni with the financial statem¢nls or our knowledge obtained in the audit or Diherwisc appears to
be mal¢rially misststed. If we identify such material in¢onsisten¢ies or apparent maierial misslat¢m¢nts, we are
required to determine whether this gives rise to a Tnaterial mi55tatement in the finan¢ial 514tements themselves. If,
based on Ihc work we have perfornie4 we conclude that there 15 a material mi5Stat¢ment of this other information,
we are required to r¢port that fact.
We have nothing lo report in this regard.
Matters OD wblch we ire required to report by ￿ceptIOn
We have nothing to report in respect of the following matter5 in relation to which the Chariti¢s (Accounts and Reports)
Regulations 2008 require us to report to you if, in our opinion..
the infomiation given in the Tr￿stee Annual Report is incollsistent in any material respect with the fitw)¢ial
statern¢nts' or
the Charity has not kept sufficient aecounting records. or
the financial sia(ements are not in weement with th¢ accounling records and retums. or
we have not received all the inforniation and explanations w¢ require for our audit.

SALTERS¥ COMPANY JAMES SMITH?S ALMSHOUSE CHARITY
INDEPEL¥DENT AUDITORS, REPORT TO THE TRUSTEE
FOR THE YEAR ENDED JO JUNE 2025
ReS￿)n51b1lltltS of the Trn8ttt
As explained more ￿llY in the Truste¢ Rcsponsibilities Statement sel our on page 2. the trustce is responsible for the
preparation of ihe financial statements and for being satisfied that they give a true and fair view. and for such internal
control as th¢ tnLSt¢es deterniine is n￿eSSary to enable the prcparation of financial ￿￿teMents that are free from
material tlli55tat¢men¢ whether due to fraud or error.
In preparing lh¢ financial stateTnents, the trustee is responsible for &ssessing the charity's ability to continue as a going
concern, disclosing, as applicable. matters related to going ¢on¢ern and using the going con¢ern basis of accounting
unless the trustees either intend to liquidate the charity or io cease operations, or have no realisti¢ altemative but to
do so.
Auditor's reSpo￿SIbIlItIeS for the )iudit of tbe flngnelal stateTDents
We have been appointed as auditors under ihe Charities Act 2011 and report in a¢cordance with regulations made
under that Act.
Our objectives are to obtain re&sonable assurance about whether the financial statements as a whole are free from
material misst&teTnenlS. whether due to fraud or error. and to issue an auditols re￿rt that includes our opinion.
Reasonable assurance is a high l¢vel of assurance. but 15 not a guarantee that an audit conducted in accordance with
ISAS (UK) will always detect a malerial missiatement when il exists. Misstatements can aris¢ from fraud or error and
ar¢ considered material if, individually or in ihe aggregate, they could reasonably be expected to influence the
economic decisions of users taken on the basis of these financial statements.
Irregularities, inrluding fraud, are inslances of non•compliance with laws and regulatiorts. We design procedures in
line with our responsibilities, outlined above, to detect material missi&(emenis in respect of irregularities. including
fraud. The specifi¢ pro¢edures for this engagement and the extent lo which these are capable of d¢iecting
irregulariiies, including fraud are detailed below.
Identifying and assessing risks related io irregularities..
We Lssessed the susceptibilily of the Charity's financial statements to materi81 misststemenl and how fraud might
occur, including through discussion with management, discussions wiihin our audit team planning meeting,
updating our record of inremal contro15 and ensuring these ¢onlro15 operaied as intended, We evaluated possible
incentive5 and opportunili¢s for fraudulent manipulation of the financial siatem¢nts. We identified laws and
regulations that are of si8nificance in the context of the Charity by discussions with mana8ement and updating our
understanding of the sector in which the Charity operates.
Laws and regUl￿lOnS of direcl significance in the context of the Chariry include the Charities Act 201 I, the
Charities (Account and Reports) Regulations 2008 and guidance issued by th¢ Charity Commission for England and
Wales.
Audit r¢5ponse to risk idenlified.,
We considered the extent of compliance with I￿￿e laws and regulations as part of our audit procedur￿ on the
r¢lat¢d financial statemeni items including a review of financial Sta￿ment disclosures. We reviewed the Charity's
r¢¢ords of brea¢h¢s of laws and regulatioris, minutes ofmeetings and Correspondence with relevant authorities to
identify potcniial mal¢rial misststemcnts arising. We discussed thc Charity's policies and procedures for
compliance with laws and regulation5 With members of managemcnt respoThsible for compliance.
During the planning meeting with the audit team, the engagement partner drew attention 10 the key areas which
might involve non-¢ompliance with laws and regulations or frdud. We enquired of manageTn¢nt whether they were
aware of any instan¢es of non-compliance with laws and regulations or knowledge of any arthal, suspected or
alleged fraud. We addressed the risk of fraud rhrough rnanagement override of controls by testing the
appropriaten¢ss of journal entries and ideniifying any significant transactions that were Unusu￿ or outside the
nornial cour5¢ of business. We asse5s¢d whether judgements made in making accounting estimates gave rise to a
EX)5sible indication of management bia5. At ihe completion 5tagc of the audit, the engagement partnevs review
inclu(kd ensuring that the team had approached iheir work with appropriate professional gcepticism and thus the
capacity to identify non-compliance with laws and regulations and fraud.
There are inherent limitations in the audit procedur¢s described above and the furth¢r removed non-compliance with
laws and regulations is from the events and transactions reflected in the financial statements, the Ic55 likely we
would become aware of it. Also, the risk of not det¢cting a material mis5￿¢ment due to fraud is tugher than the
risk of not detecting one resulting fri)m error, &s fraud may involve deliberate concealment by. for example, forgery
or intentionai tlli5r¢presentations, or Ihrough coll￿$10n.
A further des¢ription of our responsibilities for the audit of the financial statements is IcKated on the Financial
Reporting Council's website ai: www.frc.org.uklauditor5rrsporLsibilities. This description fomis part of our &uditorfs
rep)rt.

SALTERS, COMPANY JAMES SMITH'S ALMSHOUSE CHARirY
INDEPENDENT AUDITORS, REPORT TO THE TRU￿EE (¢olltlnu¢d)
FOR THE YEAR ENDED 30 JUNE 2025
Use ofour rewjrt
This report is made solely to the charity's Irustee. as & body, in accordance with part 4 of the Charities Accounts
and Reports) Regul&lions 2008. Our audit work has been undertaken so that we rnighi state to the tNste¢s those
matters we are required to stmte to them in an auditors, report and for no other purpose. To the fullest extent
perniitted by law. we do accept or assume responsibility to anyon¢ other th8n the charity and the tn￿le¢S as &
body. for our audit worK for this reporL or for th¢ opinions we have fornied.
Saffery LLP
Statutory Auditors
71 Queen Vicloria Strcel London, EC4V 4BE
Saff¢ry LLP is eligible to act &$ an auditor in ternis of section 1212 of the Companies Act 2(Ki6 and coN8equently
lo act ￿ th¢ auditor of a registered charity.

SALTEILS, COMPANY JAMES SMrrH*S ALMSHOUSE CHARITY
STATEMENT OF FINANCIAL A￿1VITIEs
FOR THE YEAR ENDED 30 JUNE 2025
2025
Unrestricted
Funds
2024
Unrutrieted
Funds
Note
In¢om¢ from:
Charitable activities:
Lettings
Investments
71,166
16.334
62,126
16.031
To¢al Income
ExpeDdliyre on:
Charitable activities
Almshouse management costs
Repairs and maintenance
Chher
24,974
20,475
27,480
20,905
33,725
24,846
Total eipeDdlture
Net opernting surplusl(d¢fi¢it)
Net investsnent gains
Net movement of funds
72,929
79,476
14,571
{1,319)
58.584
43,257
57,265
Reconelliatloll of fuMd&
Funds at l July 2024
1022 529
at 30 June 2025
1.065,786
1022,529
All of the above results derive from continuing adivities of the Charity.
There are no recognised gains and losses other than those reported above.
Notes I to 10 forni part of these financial statem¢nl&

SALTERS, COMPANY JAMES SMrrH'S ALMSHOUSE CHARITY
BALANCE SHEET
AS AT 30 JUNE 2025
Note
2025
2024
Fixed a8Aets
Tangible &ssets
Investhients
Total fiIed assets
263,889
767,020
1,030.909
263,889
738 334
.002,223
Current gmets
De￿orS
Cash al bank
Total rMrr¢Dt *sJets
CurreDt114bllltleB
Creditors
4,275
3.042
45.612
31,031
Net currellt ￿ell l (Il*bllldeJ)
Net a8Jets
1.065 786
1022,529
Tbe fundj of the Charfty
UnreJtrl¢ted Funds:
Cycli¢al maintenance
EXtr￿rdinary repairs
General fvnd
42.658
214.185
34,130
203,751
784 648
Total Charlty Fundi
1065,786
1.022.529
Th¢ financial statemenis on pages 7 to 14 were approved by the Trustee on 30th October 2025.
The Lord Roekley
Upper Warden
For the Trustee
MTT
Clerk to i
Mas
¢r
For the Trustee
rust¢e
The notes I to 10 fornj part of these financial staternents.

SALTERS? COMPANY JAMES SMITH'S ALMSHOUSE CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUTrIE 2025
Accountlng pollcle8
1.1 AeeountlDg conventlon
The accounis have been prepared under the historical c05t convention with item5 recogniscd at cost or
transaction value unless otherwise slated in the relevant note(s) to these a¢¢ounts. The a¢¢ounts have been
prepared in &¢cordance with the'staternent of Recommended Practice: Accounting and Reptsrting by Charities
preparing Their accounts in accordaTJC¢ With the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102) (2nd edilion), and the Financial Reporting Standard applicable in th¢ United
Kingdolll and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statemcnts have been prepa￿d to give a true and fair view and have departed from the Charities
(Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view.
The financial statements are prepared in pounds slerling, whi¢h is the functional currency of the Charity.
Monetary amounts in ih¢s¢ financial ststements are rounded to the nearest £.
The Charity constitutes a publi¢ benefit entity as defined by FRS 102.
The Trusiee CO￿LderS there are no material uncertsinties about the Charity's abiliry lo ¢ontinue as & going
concern to the volume of ihe tota] Chariry funds al the year-end.
1.2 Turnover
Tumov¢r represent5 amounts receivable irt the UK from investments and rental income.
1.3 FlIed &￿ets
The 1989 development of eight Maidenhead Almshouses was funded by a grant and loan from the HousinB
Corporation.
The Charity subsequently entered into a 100 year lease with Maidenhead Coun¢il which expires on 28
September 2088 and attracts an annual ground rent of £90.
The freehold properties are stated ai cost. No depreciation has been charged. As &re5uIÉ the freehold properties
8se subjected to impairment reviews al the end of each reponing period.
1.4 IneDmbn8 regovr¢e8
Investment in¢ome is credited on a receivable b￿1$.
Interest on deposits is credited ort an accruals basis.
1.5 Resourtts expended
The cost of minor repairs artd maintenance is charged in the income and expenditure a¢count for the year.
Major ￿paIrS are expensed in th¢ same way if income allows or ar¢ provided for by means of the cyclical
maintenanc¢ reserve and the extraordinary repairs reserve which have been set up with the approval of the
Charity Commission on the basis of annual contributions oul of income of amounts not less than those
recommended by the National Almsho￿Se Association. The cyGli¢al maintenance r¢serve is designed to meet
the periodic requirements for internal repairs and ￿deCoratiOn of the almshouses. All repairs and maintenance
Costs incurred during the year were Charged against income.
1.6 aCCOUDting
General funds relate to the accumulat¢d unexpended income and capiral. In accordan¢¢ with the Charity
ComTnission S¢h¢me, dated 23 February 1993, any amounts not n¢¢ded for immediate working purposes are
invest¢d in tr￿st for the Charity- These funds can be spent wh¢never they are required and as such are
unrestri¢t¢d.
The cyclical tnaint¢nance fund and the cxtraordinary repairs fund are funds which have been designated by the
Tn￿tee. Th¢ cyclical maintenance fund is ￿Sed for planned maintenance works. The extraordinary repairs
nd will be used for ￿tUre repairs And for asse55ing what repairs are requircd.

SALTERS, COMPANY JAMES SMITH'S ALI￿loUsE CHARITY
NOTES TO THE FINANCIAL STATEMENTS (tontinued)
FOR THE YEAR ENDED 30 JUI¥E 2025
Ae¢ouDtlng policies (eontinlled)
1.7 CrAd¢al egtlmates and Judgements *Dd key sources of estimation uneer¢#lllty
In the application of the Charity's accounting policies, the tr￿tee is required to make judgements, estimates and
assumptions about the catrying amount of asgets and liabilities Ihat are noi readily apparent from other sources.
Th¢ estimates are rccogT]ised in the period in which the eslimate is revised where the revision affects only th
period, or irt the period of the revision and future perio(L4 wher¢ the revision affects both ¢urr¢nl and future
periods.
2 ID¢ome *Dd expendlture
Op¢r*tlDg
Income
OperatlDg
costs
2025
Surplu8
2024
Surplus
Income and expenditure from
L¢ttin85
Interest and dividends
71,166
72,929
(1.763)
(17.350)
Total
Total 2024
2025
2024
Operatlng lttcome
Rents and service charges
Dividends
71,166
62,126
OperatlDg coJ¢g
Direct costs
Repairs and Maintenance
Other Dirc¢t Costs
Total Direcl Costs
Adminislrative costs
Audit fee
20,475
33.725
42,378
27.480
51.704
24,846
3 Otber expendlture
2025
2024
Seconthnent charges- The Salters, Management Company Limited
27,480
* The Salt¢rs' Mgstagement Company Limited 15 a subsidiary Company of The Salter5' Company* the Charity's
Trustee.

SALTERSI COMPANY JAMES SMITHJS AIMSHOUSE CHARITY
IYOTES TO THE FINANCiAL STATEMENTS (¢ontinued)
FOR THE YEAR ENDED 30 JUNE 2025
4 Employee and Trustee Inforniation
The Charity has no employees.
The TnLStee received neither remuneration nor reimbursement of expenses in ihis or the pr¢ceding periods.
5 TAnglbl¢ A88ets
Houslng
IAnd and
bulldlng8
Cojt and net book value
At l July 2024 and 30 June 2025
263.889
Th¢ TnLStee h&$ carried out an impairment review and no irnpairnient is necessary.
6 Inves¢meDts
An analysis of the investments attributsble to the funds of the ¢harity is sel out b¢low',
ExtraordlnAry
repAlr
rund
General
fund
2025
TntAI
2024
TotAI
Stock exchange securilies
at market valu¢
Deposits
30 June 2025
530,056
232
236,558
174
766,614
406
767 020
737,928
406
738 334
530 288
236 732
30 June 2024
510454
227 880
738 334
S¢¢uritley
2025
2024
Market value At l July
Additions
Disposals
Net investment gain
M8rkel value xt 30 Jun¢
738,334
679.750
58,584
738,334
767 020
Historic cost
342831
342831
Investments held at 30 June 2025 considered tnat¢rial in the ¢ontext of ihe market value of the portfolio are:
Newton Fund Ma1￿CrS Global Growth and Incom¢ Fund for Charitie5
766 614
737.928

SALTERS, COMPANY JAMES SMITH'S AlI￿lS￿OUSE CHARrrY
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 30 JUNE 2025
7 Debtors
2025
2024
Debtor& ail of which are due within one year. comprise..
Prepayments and sundry debtors
4.275
8 Credlton
2025
2024
Creditors a]1 of which are due within one year, comprise:
The Salters, Managemenl Company Ltd
A￿Tual$ and sundry creditors
6.246
6,867

SALTERS? COMPANY JAMES SMITH'S ALMSHOUSE CHARITY
NOTES TO THE FILYANCIAL STATEMENTS (contlnued)
FOR THE YEAR EIWED 30 JUNT 2025
9 Ullre8trk¢ed Fund8
ExtriordlA#ry
re￿IrS
fund
cycl1￿1
General
Thd
Analys1$ of movement In fund8
fund
Tot*1
At l July 2024
Incoming resowc¢s
Expendittire
Transfer
Nel investment gains
At 30 June 2025
784.648
82.459
(64,254)
(13,744)
203,751
5.041
{8,675)
5.216
34.130
1.022.529
87,5(K)
(72,929)
8.528
28.686
1,065,786
808 943
214.185
42,658
EitrAordinary
rep*lrs
nd
Cycli¢•l
malnt¢nance
fund
2025
Totgl
Fun
General
fund
AD#lyg58 ofllet •sJetJ behveen fundi
Land and buildings
Investments
Net Current assets
263,889
530,288
263,889
767,020
194,074
42,658
A(30 June 2025
808 943
214 185
1065 786
Extr*ordlnary
repAI
fund
Cyellcal
*lntenAnte
fund
PRIOR YEAR
AD*ly&l& of movement ID tknndg
Generil
fund
Totil
At l July 2023
Incoming resources
Expendifvre
Transfer
740,071
73,210
{55.675)
(13,464)
199,415
4.947
{23.801)
5.112
25,778
965.264
78,157
(79,476)
8.352
Net investment gains
At 30 June 2024
203 751
1022 529
Analysls of llet a$8ets belween
ExtrAordlnxry
r¢palrs
Cy¢ll¢al
2024
Total
Funds
General
nd
fund
Land and buildings
Investments
263,889
510,454
10.305
263.889
738,334
193,750
34.130
Net cwrent &ssets
At 30 June 2024
784.648
203 751
1022 529
In the y¢ar transfers have bcen m&de from the Gene￿ Fund to ihe Exts8ordinary repairs fund and the Cy¢lical
maintenance fund as recommended by the A]msho￿£e A&sociation.

SALTERS? COMPANY JAMES SMrrH'S AIJWSHOUSE CHARITY
NOTES TO THE FllYANCIAL STATEMENTS (continued)
FOR THE YEAR El￿ED 30 JtJNE 2025
10 Related party tran$*ctlons
Expertditure for the y¢ar includes £27,480 (2024: £24,846) relating to recharged employment and
accommodation charges from The Salters, Manag¢ment Company Ltd. The Salt¢rs' Management Company
Ltd is a subsidiary of the Saliers, Company* the Charity's Trusree. At the year end the Charity owed £6.246
(2024.. £6,867) to The Salters, Management Company Limited. There were no other related p8Jty transactions
during the year.