||Page|
|---|---|
|Report of the Trustees|1 to 2|
|Independent Examiner's Report|3|
|Statement of Financial Activities|4|
|Balance Sheet|5|
|Notes to the Financial Statements|6 to 9|
|Detailed Statement of Financial Activities|10|





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|||||31.12.24|31.12.23|
|---|---|---|---|---|---|
|||Unrestricted|Endowment|Total|Total|
|||fund|fund|funds|funds|
||Notes|£|£|£|£|
|INCOME AND ENDOWMENTS FROM||||||
|Investment income|2|43,505|-|43,505|38,523|
|EXPENDITURE ON||||||
|Raising funds|3|22,743|-|22,743|18,959|
|Charitable activities||||||
|For the support of the residents of the||||||
|Almshouses||222|-|222|1,212|
|Other||733|-|733|-|
|Total||23,698|-|23,698|20,171|
|Net gains on investments||-|8,974|8,974|12,552|
|NET INCOME||19,807|8,974|28,781|30,904|
|RECONCILIATION OF FUNDS||||||
|Totalfunds brought forward||133,869|354,212|488,081|457,177|
|TOTAL FUNDS CARRIED FORWARD||153,676|363,186|516,862|488,081|





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|||||31.12.24|31.12.23|
|---|---|---|---|---|---|
|||Unrestricted|Endowment|Total|Total|
|||fund|fund|funds|funds|
||Notes|£|£|£|£|
|FIXED ASSETS||||||
|Tangible assets|5|-|160,000|160,000|160,000|
|Investments|6|-|203,186|203,186|194,212|
|||-|363,186|363,186|354,212|
|CURRENT ASSETS||||||
|Debtors|7|28,973|-|28,973|23,381|
|Cash at bank||125,093|-|125,093|111,658|
|||154,066|-|154.066|135,039|
|CREDITORS||||||
|Amounts falling due within one year|8|(390)|-|(390)|(1,170)|
|NET CURRENT ASSETS||153,676|-|153,676|133,869|
|TOT AL ASSETS LESS CURRENT’||||||
|LIABILITIES||153,676|363,186|516,862|488,081|
|NET ASSETS||153,676|363,186|516,862|488,081|
|FUNDS|9|||||
|Unrestricted funds||||153,676|133,869|
|Endowment funds||||363,186|354,212|
|TOTAL FUNDS||||516,862|488,081|






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|INVESTMENT INCOME|||
|---|---|---|
||31.12.24|31.12.23|
||£|£|
|Residents contributions|42,310|37,395|
|Dividend Income|892|880|
|Deposit account interest|303|248|
||43,505|38,523|





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|Investment management costs|||
|---|---|---|
||31.12.24|31.12.23|
||£|£|
|Insurance|1,302|1,440|
|Property repairs|2,935|4,286|
|Utilities|18,506|13,233|
||22,743|18,959|



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|TANGIBLE FIXED ASSETS||
|---|---|
||Freehold|
||property|
||£|
|COST||
|At 1 January 2024 and 31 December 2024|160,000|
|NET BOOK VALUE||
|At 31 December 2024|160,000|
|At 31 December 2023|160,000|
|FIXED ASSET INVESTMENTS||
||Listed|
||investments|
||£|
|MARKET VALUE||
|At 1 January 2024|194,212|
|Revaluations|8,974|
|At 31 December 2024|203,186|
|NET BOOK VALUE||
|At 31 December 2024|203,186|
|At 31 December 2023|194,212|





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|7. DEBTORS: AMOUNTS FALLING DU|E WITHIN ONE YE|AR||||
|---|---|---|---|---|---|
|||||31.12.24|31.12.23|
|||||£|£|
|Other debtors||||28,973|23,038|
|Prepayments||||-|343|
|||||28,973|23,381|
|8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE||YEAR||||
|||||31.12.24|31.12.23|
|||||£|£|
|Other creditors||||390|1,170|
|9. MOVEMENT IN FUNDS||||||
|||||Net||
|||||movement|At|
|||At|1.1.24|in funds|31.12.24|
||||£|£|£|
|Unrestricted funds||||||
|General fund||133,869||19,807|153,676|
|Endowment funds||||||
|Expendable Endowment Fund||354,212||8,974|363,186|
|TOTAL FUNDS||488,081||28,781|516,862|
|Net movement in funds, included in the above are as follows:||||||
||Incoming|Resources||Gains and|Movement|
||resources|expended||losses|in funds|
||£||£|£|£|
|Unrestricted funds||||||
|General fund|43,505|(23,698)||-|19,807|
|Endowment funds||||||
|Expendable Endowment Fund|-||-|8,974|8,974|
|TOTAL FUNDS|43,505|(23.698)||8,974|28,781|





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|||Net||
|---|---|---|---|
|||movement|At|
||At 1.1.23|in funds|31.12.23|
||£|£|£|
|Unrestricted funds||||
|General fund|115,517|18,352|133,869|
|Endowment funds||||
|Expendable Endowment Fund|341,660|12,552|354,212|
|TOTAL FUNDS|457,177|30,904|488,081|



||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|
||resources|expended|losses|in funds|
||£|£|£|£|
|Unrestricted funds|||||
|General fund|38,523|(20,171)|-|18,352|
|Endowment funds|||||
|Expendable Endowment Fund||-|12,552|12,552|
|TOTAL FUNDS|38,523|(20,171)|12,552|30,904|



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|Detailed Statement of Fi<br>forthe Year Ended 31|nancial Activities<br> December 2024||
|---|---|---|
||31.12.24|31.12.23|
||£|£|
|INCOME AND ENDOWMENTS|||
|Investment income|||
|Residents contributions|42,310|37,395|
|Dividend Income|892|880|
|Deposit account interest|303|248|
||43,505|38,523|
|Total incoming resources|43,505|38,523|
|EXPENDITURE|||
|Investmentmanagement costs|||
|Insurance|1.302|1.440|
|Property repairs|2,935|4,286|
|Utilities|18,506|13,233|
||22,743|18,959|
|Charitable activities|||
|Telephone and Lifelines|222|626|
|Support costs|||
|Governance costs|||
|Accountancy and legal fees|390|390|
|Almshouse Association|343|196|
||733|586|
|Totalresources expended|23.698|20.171|
|Net income|19,807|18,352|