Charity re8istration number.. 203488
Tewkesbury Almshouse Trust
Annual Reix)rt 8JLd Financial Stat¢meTJts
for the Year Ended 31 tkcember 2024

Tewkesbury Almshouse Trust
Contents
Reference and Administsativ¢ Details
TruS￿e5, ReEM)rt
Independent &xamittr's reFQrt .__._._._._.____._._.__.-.-.--___._._._._
St2tem¢ni of f]nan¢ial activitL¢S
2to4
Balance Sheet _.__.._.__._._._.__.__.__.__-.-._-.__.__.
Notes to t￿ fitsqncial statements _
8t0 12

Teivkesbury Almshouse Trust
Reference and Administrative Details
arity name
'I'ewke5bury A]mshouse 'lrust
arity reglstrAtion number
203488
Principal office
TewkesbLUy Althy Offlce
Church Street
T¢wke5bury
Gloucestershire
GL20 SRZ
Register￿
Tewkesbury Abbey 0￿1¢¢
Church Street
Tewk¢sbury
Glou¢est¢rskn'ie
GL20 5RZ
Trnstees
Dr R Hod8es
Mr P Hun5ton
Mr D Hartottle
Mr C Mollk
Dr S Hut¢hison
Mrs N Oake5
Mrs J RayBwd
MT P CIN%mwn
Revd Canon N Davies, ChqinrAn
Barclays Ba])k plt
Business Barlking
Leicester
LE87 2BB
Devereux & Hunt Ltd
51 BFAsepoint Business Centre
Oakfield Close
Tewke5bury
Glou¢¢stetshJ"re
GL20 8SD
Pa8e I

Tewkesbury Almshouse Trnst
Trustees, Report
The trusiees present their rep)rt and the fU￿ncial ststements for the year elld￿ 31 tknmEer 2024.
I. CONSTITufioN AND PRif4cipAL AIMS AND OBJECTIVFS
The charity established in the sevenieenth ¢entwy by way OF charitsble trusts. It is a Registerd Charity.
number 203488, and a Re8lStered &)cial Landlord. The charity 1$ 8ovemed by the ChaTity CoThmi5sion Scheme
Of 6 Lkcember 1957, as varied by the Scheme of 6 July 1973.
The charity n]aintains and lets out several piopetti¢s in Tewkesbury to the elderly to include..
Russell Flats. Church Street
Richardson B￿galOW$. Gatth Lane
The charity may a150 eleGt to give 12 "Bedesmen" (88ed men Irom '1¢￿￿(esbury) a yield Irom a quarterly
investment.
I ADMINISTRATTVE INFORMATIOF4
Adn]ini5tTative information ss as slK)wn on pa8¢ 1.
3. TRUSTEES
The tsustees seryed durin8 the Ye￿ We￿..
R¢v'd Canon N Davi¢s (Chairman)
rvfr J JetTreys- Oiesigned l November 2024)
Dr li Hodg¢s
Nfy P Chamw)
Mr P H￿stOn
Mt D Harb)ttle
Mr C Monk
Dr S Hutchison
Mrs J Rayw)od
Mrs N Oakes
They inclu& three nominated ieptesentative fTOm the ToHn cou￿11. the vi￿[ and the Churchwardens or
'I'¢wkesbury Ablry, as Thyll as honorary TneTnbers troTn the l(Kal comtnunity nominated by the cornmitt¢¢ its¢lr.
Pa8e 2

Tewkesbury AIn￿houSe Trust
Trustees, Report
4. REVIEW OF THE DEVELophrEpifs IIN THE YEAR
During 2024. five ot the bathTooms in Russell Flat5 were upgraded at a total cost ot £44.824.
REVIEW OF THE FINANCIAL STATEMENrs
Conttibutions from social housing letting have iDcrea$d by 50/0 compai¢d with 18$t year. Operatin8 Costs have
incr¢ased in the yeAt leading to a lo&$ before unrealised Sains and loss¢s of £6.712 ￿]ll8 re¢orded in 2024.
Ix>tnpgred to a profjt of £21,399 in 2023. The charity's ll)vestments incre8$¢d in valu¢ by £3.748 resultin8 in a
rEt Ios5 of £2,964 (2023.. £26,103 pmfit).
& STATEME1￿ OF TRUSTEES. RESP(K4SIBILITIES
Socjal hous5ng legJ$lation requir¢5 thc board to prepare linancial staternents lor eath linancial year Htiich give a
ITU¢ and fair of the 5tste of affairs of the registered social landlord and of the surplus or defitit for that
period. In pryring these f]nancial statements. the EK18rd is required to..
s¢1￿1 suitable awountin8 poliGies and then apply them consistently:
make judgementsand estimaies that are reasonable and prudent;
stste whethei appli¢able a¢¢oLm¢Lfi8 5tandaids have IKcn Followe& subject to any material departures
disclosed and explained in the fuJan¢ial stsiements: and
prepare the f]nancial Statements on the 80in8 coneem basis unless it is inappropriate to Pt¢sum¢ that
the registered 8oci&I landlord will ¢ontinue in twin&%s.
The twstee$ aTe re4)onsible tor keeping proper awounting records whith disolos¢ with reasonable accuracy at
8￿Y lime the r]nan¢ial wsition of the r¢wsteTed social landlord and to enable il to ensure that the fmancial
atements comply with S¢hedule I to the Housing A¢1 1996 and ihe A¢couniing Requiretnents for Registered
Social Landloid5 General Detetsninalion 2006. It has general responsibility for takin8 reasonable steps ro
safe8uard the assets of the re8iStered social landlord and to prevent and det￿t fraud at￿ other itF¢gularities
The charity's trustees consider that an auth't is not required lor this year and that they not Bet these arKounts
audited.
7. FUNDS
Funds dre 8vailable to fi21fi1 obligations as they fall due.
& COf4NEcfED CHARITIES
Th¢r¢ ar¢ oth¢r dir¢wily ￿nn¢¢(¢d ¢hariii¢s.
Page 3

Tewkesbuiy A]nishfi115e Ti'ust
Trustees, Report
9. FUNDS HELD ON BEIi4LF OF OTRERS
Tlici'e arc iio assets oi fui)ds held on behall ol-oth¢JB.
Foi" aiid on behalf of Ihe tru.sie&% on 18 Septcinba" 20?5.
Rev'd C.ani)n N Davie5
Ch¢iifiTh¢iD
Page 4

Independent Examiner's Report to the Trnstees
Tewkesbury Almshouse Trust
I report on the accounts of the I'rust for the year etsled 31 DecemE*r 2024. which are set out on pag¢$ 6 to 12.
R¢sp¢¢¢ive Mpon5ibilities of tru5ttts and e￿MIner
The trus￿£5 arc r¢s￿nsible for the prepardtioTh of the accounts. The trustees consider that an audit is not
required for this year under section 144{2) of the Charities Act 2011(th¢ 2011 Act) aThJ that an independent
examination is needed
It is r￿POnSi￿11ty to..
examine the a¢¢ounts under se¢tion 145 of tlLe 2011 AGt:
Follow the pro¢edures laid doThn in the Generdl Directions given by the Charity Comn)ission under
section 14515) 0)) of tbe 2011 Act. and
Sta￿ whether parti¢u]arm&rters have come io my atieniio
Bo$1$ of Indq)tnd¢nt exananer'$ r¢port
My examination w15 caTTied out in accordance with the Gen¢ral IA"rcctions 8iV¢5L by the Charity commi￿10n.
An exarnination incluiks a review of the accounting ￿cOrdS kepl by charity and 8 comparison of the
accoullt5 Present￿ with records. It also includes con5idtTatson of any unusual il¢￿5 or disclosure5 in the
accounts, and seeking explanations from you as tr￿£(eeS Concerni￿ any such matters. The proceduTe$
dertaken do not provide all the evidence that w)uld be required in an audit and co￿¢qUentIY no opinion is
8iven as to wh¢thci the a¢¢ounts a'ttu¢ and fair view aTx4 th¢ r¢tK>rt is limited to those matters s¢t out in
the statement below.
Independent Luminer's stateDwit
In connectson examination. no matter ha5 QOIlle to my attention".
(l) wkn.ch reasonable cause to believe that in any rnatetial respe¢t th¢ iequiretnent5.'
to keep a￿)untItig ]Ycords in a¢¢ordanc¢ with se¢tion 130 of the Act; and
to prepare accounts wknch accoTdwith the accounting [t￿rdS and comply with the aGcounti118
requirements of the 2011 Act
have not been meL 01
(2) to ￿tilCh, in my opinion, attention should be dramn in order to enable a PrO￿r under5tanthn8 of the
a¢¢ow)ts to be reached.
51 Basepoint Bw8ine$s Centre
Oakfield Close
Tewkesbury
Gloucestershire
Mi¢hel¢ Devereux
tkveTeux & Ltd
C¢rtifJd Actountsnts
GL20 8SD
18 S¢ptemlKr 2025
Page 5

Tewkesbury Almshouse Trust
Housing Revenne Account for the Year Ended 31 December 2024
UnrestJ4eted Totol Funds Tot￿ Funds
Funds
2024
21123
Incoming resourees
l]womiTJ8 resources frtsm generated funds
Investment income
Incomin8 re50urce5 from ciwitsble activities
Total incoTfLin8 rcsourccs
5.028
46.507
51.535
5,028
46.507
51,535
3,670
44,343
48,013
R¢50urr¢5 cipended
Charitable activities
Total resource5 exF£nded
58.247
58.247
58247
58,247
26.614
26.614
Nct {out80in8)ILncomin8 rcsources IKfor¢ other
reco8n15ed 8ains and losses
Other ￿cOgnISed gainsllos8es
UnTeali$ed 8aios on investmetxt assets
(6,712)
16,712)
21.399
3.748
3.748
4.704
Net movements in funds
0.964)
(2.964)
26.103
Reeontiliation of fvnd$
Total fut)d8 brought f(¥rward
Total funds ca￿led forward
255,292
252.328
255,292
252.328
229,189
255,292
All incomin8 resources and resources ex￿nded derive Irorn Continui￿ activities.
Th¢ not¢5 on pa8¢s 8 ¢0 12 Forrn an inte￿al part of th¢5¢ financial stateTnents.
Pa8e 6

Tewkesbury A]mshou$e Trust
Balanee Sheet as at 31 Deeember 2024
2024
2L123
Note
Fixed #ssets
Taii8ible Ic Sscts
Ityvesblleiits
7,926
100.878
108.804
9,935
97,liO
107.OC)5
Ciji'reiit fissets
Debtors
2,545
141,5.54
144,099
617
148,845
149,462
Creditorg= AIMount5 lalliEig
diie Ivithin one year
(575)
(1.235)
Net Lul'rent ass¥ts
143,524
148,227
N¥t #ssEts
252,328
?55,?92
The fuiids of rhe eb&rfty".
tinrestri¢t¢d funils
Ilevaluation re.%ei'i'e
UA]JrstrIci￿ kncon)e fvnds
38,695
213,633
252.328
34.947
220.345
255,292
Totdl chavity tuud5
252.328
255,?92
Ai)proved by tlic Board oil 18 Seijteinbei" 2025 aiid 5igiied on ILE bdjallby..
Rev'd Cal)￿) N Davies
Cliaiiman
The iloles on page¥ 8 10 12 forin an intebyial p￿.l ofihese ￿n￿licial slateine51ts.
Pagc 7

Tewkesbury Almshouse Trust
Notes to the Financial Statements for the Year Ended 31 December 2024
A¢¢oun¢lng pollck$
B#sls tsf prepaT¥tlon
The r]nan¢ial statements have prep&Rd in accordance wittL applicabl¢ Awouutin8 Standards in the
United Kin8don4 the Accouttting Requirements lor ReBislered Social LaThllords General DetennirLaiion
2006 and the Statement of Recommetded 14actice Accounting by re8lStered ￿CIal landlord5'. A su[w￿ry
of the more impo]#ant actounting poli¢i¢s is set out below.
Basis of Accounting
The fin3ncial statements Ère prepared UTKler the historioal ¢05t conyenlion and in accorda￿¢ ￿ryth
Accountin8 and Rew)tting by Charities.. Statement of Recommended 14aclice a￿lICable to charities
preparing their accounts in accordance MTrth the Financial Reportin8 Standard applicable in the UK and
Republic of Ireland (FRS 102) {efFective l January 2015)- [ch￿llieS SORP (FRS 102))..
Fwid accounting poll
Unrestricted incorne funds are 8eneral fLmds that are available for use at the trustees, discretion in
fiutknan¢¢ ofth¢ otsectives of the ch8rity.
tneomlng resouNYs
Investtnent income is reCO￿lsed otta receivable basis.
ome from charitable activities includes income represents maintenance ¢ont[l￿tIonS receivable from
nine units.
Resources expended
Tewke5bury Almhous¢ Trust has e5tsbished a teguiar pro￿¢ of cyclical repair$ and maintenance.
Costs are charged to the general fund in the year in which they are incurred.
Costs of extraordinary repairs. un]ess repyesenting improv¢ments to the FfOlXrtie$, Sre ¢h8rged to the
general ftmd in the year in which they are incurred.
Fixed 45Set$
There is record of 0ri8u]al cost and no value is Aitiibuied theFeto. The Housing PropErties cost
relate to improvements carried out which were funded by a Housing CorEK>ration Grant 2nd a mortgage
l¢)an trom Housin8 Corw)ration secured by a charge on houSll￿ land and buildin85. Depreciation is
¢al¢ulated $0 as to write off the cost of the improvements on a strai8bt line basis over their expecied ￿¢ful
econimic lives. The pnnciwl annual rat¢ used for this PUTpose is oonsistent with that of the
previous year is 5/0.
Inve5tnwits
Unlisted inve$tn*nt$ are stated at tDark¢t value in the balance sheet. Ail movements in value arisin8 from
¢harges &nd r¢v81u8tion$ 8re included in the income and exwiditure account.
Pa8e 8

Tewkesbury Almshouse Trnst
Notes to the Financial Statements for the Year Ended 31 December 2024
un￿st￿c￿d Total Funds
Fund5
2024
Total Funds
2023
Incotne from listed inNr5tTfLellt5
Interest receivable
2.787
2,241
2.787
2,241
2,615
1,055
5,028
5.028
3,670
Ineorning resourre5 from charitable 4rtivitie5
UnrtStrltt¢d Tot*1 Fund$ Totsl Fund$
Fund5
2024
2023
Soelal housing letting
CoDttibutions
46,507
46.507
44,343
Tota] resoutYe5 expend¢d
So¢i41
houskng
letting
Totsl
Dlreot eostS
se￿ryce c05t$
Routinc n￿l￿tenanCe
Mana8ement Costs
tkprtti81ion of t8n8Èble f]xed assets
4.620
45,491
6,127
2,009
58,247
4.620
45.491
6.127
2.C()9
58,247
The number of housing ￿ltS in management at th¢ end of 2024 wa$ 9 (2023 9). Th¢ av¢iag¢ week]y
¢ontribution on assured tenancies was £99.37 Q023 - £94.75).
Trnstees reDwneration and eipenses
No trL￿eS received a[￿ rernuneration dU[￿g the y￿.
Pa8e 9

Tewkesbury Almshouse Trust
Notes to the Finaneial Statements for the Year Ended 31 Decembei. 2024
.. ¢0171iKued
r4et (frvtgoing)linthming resourtts
Net (oulgoiWlincorn]n8 resources 1$ ststed aftcr charging..
2024
2023
]kptrciatiotL of oMryJtyJ assets
2,(K)9
2.009
Employtts, reD￿￿tratIOn
The average numt*r ol'persons employed by the ¢han"ry durn￿ the year as lollows..
2024
2023
No.
O￿tte staff
No peA%ion ¢ontributions were paid on Ixhdf of employees during the year.
Ernployee ¢tssts are included as Fx7rt of management eX￿nditUre within operating costs.
Pag¢ 10

Tewkesbury AIn￿hoUse Trust
Notes to the Financial Statements for the Year Ended 31 Decembei. 2024
- LVP71inued
Tangible fixed AssetB
Houskng
A$soc5*tl&n
GrAnt
Frtthold
bulldlng$
Tot#1
Cost or Valuation
at l January 2024 and 31 December 2024
238.753
(151.710)
87.043
Depreriation
As at l January 2024
Charge for the y¢ar
As at 31 Dwember 2024
77,108
2.009
79.117
77.108
2.009
79,117
Net book value
As at 31 De¢ember 2024
s at 31 Dwembei 2023
159,636
161.645
(151,710)
(151.710)
7.926
9,935
Inve5hneDts hdd as ￿ed a55ets
Unli$t¢d
investment
Market value
As at l January 2024
Revaluation
As ai 31 De¢eml*r 2024
97,130
3,748
100,878
Net book value
As at 31 December 2024
As at 3 1 DrKcmb6r 2023
100,878
97,130
l investsn¢nt assets were held in th¢ UK.
111 Debttsts
2024
2023
Pryymenls and accnjed income
2,545
617
Page 11

Tewkesbury Almshouse Trnst
Notes to the Financial Statements for the Year Ended 31 December 2024
. eorilimmed
11 Creditors: AmouMtJ falllng du¢ within on¢year
2024
21113
Accruals and deferred I￿orne
575
1,235
12 Related p*rtle$
Contrnlling entity
The Gharity is controllrd by the trustees.
13 Analy515 of fund$
Other
Unreco￿lS£d
At31
Dec¢mb¢r
2024
At l January
2024
Resources
r¢sour¢e$
Cenetxl Funds
Kevenue reserve
Revaluation r¢5¢Tve
220,345
34.947
255,292
51.535
(58.247)
213,633
38,695
2)2.328
3.748
3.748
51,535
(58.247)
Pa8e 12