PAGEIS ALMSHOUSE CHAIUTY UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Dthyshire Accountants Limited Chartera certifi Accountsnts 2 Fairfield Whitchurch
PAGE'S ALMSHOUSE CHARITY CHARrrY INFORMATION Trusttts Mr O Collins Mr I Scott Mrs E Lindsay Mrs E Anthony Mrs L Ayland MrDBath Miss A Jamieson Mrs I Martin {Di¢d on 1810112024) Mrs G Patterson (Rcsigned on 0711212024) Mr R Willian)s Mr P Bcntail (Appointed on 0411112024) Mr P BuowS (Appointed on 0411112024) Mr B Foster (Appointed on 02811012024) Mr E Ebole (Appointed on 0111112024) Mr O Cdli]L8 Chairman Seeretsry MTS E Lindsay Treasurer Mr I Scott Charity r¢gistration number 204589 Prineipll place of business 29a and 29 to 39 New lioad Basingstske Hampshirc Independent examintr Charlotte Dcrbyshire FCCA Derbyshire Accowitants Limited 2 Fairfield Whitrhurch Hampshire Bankers Lloyds Bth pl¢ Ma)fair House Basingstoke Hampshjre Chan'ties Offi¢io1 1DVlmellt Fund Senator House 85 Queen Vietorio Street London Solicilors Lamb Brooks Victoria House 39 Winchester Str¢et Basingstokc Hampshire
PAGE'S ALMSHOUSE CHARITY CONTENTS Page Trustees, report 14 Indepellde examin&s report Statement of fuwicial activities Balance sheet Not¢s to the fancial statements 8-13 Incom¢ and exp¢nditure account 14
PAGE'S ALMSHOUSE CHARrrY TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees of Page's Almhouse Charity present their annual rep)rt and financial 5tstements for the year ended 31 December 2024 and confirni they comply with the requirements of the Charities Act 2011. the Trust Deed and the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (&s amended for accounting periots commencing from l January 2019). Structur& governn¢¢ aDd ml%eMent The Tt Deed is dated 2 June 1998. &$ amended on 8 April 2013 by the Charity Commission for England and Wales under the power given in the Charities Act 2011. The charity was registered with the Charity Commission on 2 May 1962. Methodofre¢rnithxnt rfirxflees Trw8tees are recruited from those &8sociated with Basingstoke Uniled Refonned Church. As such they will be in sympathy with and understanding of the provisions of the Trust Deed which favours r&sidents of the bungalows to be persons of B&singstoke United Reformed Church. Prospects"ve candidates names are put forward at a meeting of the trustees. They will be people who are thought to have the skills needed to admll)ister and manage the Trust and bring balance to the body of trustees.The candidates will normally be Ppr9Ched by the Chairn)aD who will explam and dis¢uss the duties and rasponsibilities of truste. Once approved by the full body of trustees. new trSteeS will attend meetings. They will also be allocated to a sub-committee depending on their experience and skn'lls. New tnLStees are also accompanied by an experienced trustee when carrying out any function. pastoral. mainnance of property. administrative or fuwiciai. The charity is governed by tnLStee& who meet approximately 6 times per year. ID adth.tion there are sub-committees who deal with the maintenance of property. financial matters and pastoral concerns. Matters not delegated for decision making are brought back to the full body of trusiees. When a vacancy occurs in a bungalow. trw8tees are appointed to interview candidates. S¢aten*nl on rAsk •nanogemenrf The trustees have examined the major risks to whi¢h the charity is exposed. The ¢harity reviews and monitors risk on a regular ba8is and confirn)s that systenL% are in place to mitigate the ¢harity's exposure to major risks. These risks include.. financial risks and return on invesknent fimds. This is mitigated by reviewing investments regularly to ensure an appropriate return is achieved. • risk of vacant properties which h&s been mitigated by making a change in 2013 to the Tnt to provide the trustees with the provision to appoint a limited number of men or women who are in need but not wociated with Basingstoke Untted Reformed Church. reliance on volunteers. all of whom are trsteeS. The charity ertsure5 that volunteers are avlab]e to support the objectives of the charity in the provision and nwntenance of almshouses for those in need as Decessary.
PAGE'S ALMSHOUSE CHARfTY TRUSTEES. REPORT FOR THE YEAR EIYDED 31 DECEMBER 2024 Public benefit The trustees confirn) that they have referred tr) the guidance contsined in the Charity Commission's geTaI guidance on public benefit when reviewing the charity's aims and objectsves for the year. Obie¢lives andactmlieffw ihepmblic benefv The objectives of the charity continue to be the provision and maintenance of almshouses for two or more needy men or vmmen as set out in the Trust Deed. The charity h&$ the general aim of continuing to provide and maintain almshouses for men or women who are in need by re&son of financial hardship or other thsadvaniages. The major are&s of activities that contribute to the achievemenl of the tharity's objectives are.. financial. • maintenance of property- this involved a major Tefurbishmenl of all the almshouses which was completed in February 2020" legal affairs" ' pastoral care of residents. and selection of residents. The strategies employed to achieve the charity's objectives are.. to ensure that there is provision and maintenance of the bungalows. including regular inspection and updats'ng of the bungalows. and . that monies are well managed and in go(xl ordeT so that sufficient income is available to fund the Trust's operational needs. These strategies are primarily by meetings of trus*es both 18 a full b(Mty and m the smaller SU)mMittee5. Achievement and perfornanee The Trust has achieved its aims and objectives by demonstrating that it provides Public Benefit. a key part of the Charities Act 2011. There are two key pnnciples of public benefit. Firstly there must be an identifjable benefit. that is the trust's objective as detailed above. Secondly the benefit must be to the public. or section of the public. that is the tnLSts aim as detailed above. As at 31 December 2024. the trust provides public benefit for seven people who are in conditions of need. hardship or distress. All are rnember5 of. or associated witl4 B&singstoke United Reformed Church. All dwellings were fully occupied in 2024. Finaneial revie The principal funding source is the investment of capitsl. The secondary are donations frorn residents towar(ts the maintenance of property. The funds raised by both have maintained the properties. including the programme of refurbishment whilst continuing to provide a litnited incom¢ for the future. The chaTity ended the year with a surplus before net gal on investments of £23.142 (2023: £34.289).
PAGE'S ALMSHOUSE cHARy TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Volunteers The charity would not be able to provide its services if it were for our volunteers who give their time to serve the residents free of charge. As at 31 December 2024 we currently have 12 volunteers (10 in 2023). all of whom are trustees. 'Ven their diverse backgrounds it is not possible to quantify their contribution in monetary tern. Policy on eipeDses p*id to trustees Approval was given at a meeting of the trustees on I l July 2017 that the Trust should continue to contribuie £25 towards the outgoings made by the trustees in undertaking their work as volunteers. Reimbursemeni is optional and there is a clear auth't tr1 with those ¢laimin8 having to complete a declaration provided by the trU[er. No reimbursement payments were made in 2024 (2023: £nil). RvJerYes policy It is the policy of the charity to maintain free reserves at a level which both generates sufficieni income to meet annual expenditure cornmitments and prOdeS the flexibility to respond to emergency needs as they arise. in adthtion to fimthng the planned refurbishment programme. In previous years the trustees established a designated fund to provide for mainienance work. With the commencement of the refurbtshment programme. this fund was retained to ensure that the cbanty could meet any unforeseen needs ansing. The trustees continue to review annually both the need to retsin designated fimds and the adequacy of their level in light of the charity's ongoing activities. commitments and future plans. At the reporting date the charity held unrestricted general funds of £1.503.139 (2023.. £1.555.084) and unrestricted designated funds of £134.CK)0 (2023: £50.000). The tnLStees consideT the level of reserves held to be appropriate. income acmeved in the year was sutyicient to cover expenthture incurred. Deslgnated reserves are in place for the following purpose5: Long-term refurbishment costs.. An annual designation of £14000.00 has been made since 2018 to provide for future refurbishment expenditure. This designation is intended to build up a fimd over a 25-year period, being the estimated timescale and cost of a full refijrbishment. The most recent refurbishment was caTTi¢d out in 2021. At December 2024. the balance on the designated fimd amounts to £98000. representing seven years at £14000 per annum. BouDdary repair8: The trustees have designated £36.0(Ki towards the ¢harity's contribution to the repair of the boundary wall. Totsl designated ruerves: £l¥OOO Inv¢8tmeDt poliey and objective8 The trustee's investtnent powers are governed by the Trust Deed. The Iee'S policy is to m&nt8in a sufficient level of income generated to fund the on-going operational needs which arise from time to time. Plans for future periodj It is the tntstee's aim to continue to.. keep the bungalows in good ordeT. following the completion of the reirnbursement of the seven buD8alows in February 2020. To fulfil thi.s plan a full inspection of the seven bungalows and suffounding gardens w&8 undertaken during the year. • invest capital prudently so that the futures of the bungalows and their residents are Secure. This included a revxew
PAGE'S ALMSHOUSE CHARrrY undertaken in 2023 of the level of contribution paid by the residenty with the increased level of contribution effective from l April 2024 and this exercise is reviewed annually.
PAGE'S ALMSHOUSE CHARTrY TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Trujttts, rejponsibilities in relation to tbe fIn*nei statements The truslees are responsible for preparing the Tntees, Annual Report and the financial ststements in accordance with applicable law and United Kingdom Accounting Standards (Ututed Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the tnLStees to prepare financial staternents for each financial year which give a tnje and fair view of the stste of affairs of the charity and of the incoming r&sourc&8 and application of resources of the charity for that period. In preparing these fmancial statements. the trlee5 are required to.. ' select suitable accounting policies 8nd then apply them wnsistently. • observe the methods and principles in the applicable chan'tses statement of recommended practice <SORP)' ' make judgements and estimaies that are ronable and prudent" . state whether applicable accounting stsndards and stalements of recojnmended practice have been followed subject to any departures disclosed and explained in the financial statements. and ' prepare the financial statements on the going concern basis unless il is inappropTiate to presume that the charity will continue in business. The trustees are responsible for keeping accounting records wb]"ch ths¢lose with reasonable accuracy 81 any time the financial position of the chaTity and which enable them to ensure that the statements comply with the Charities Act 2011. the applicable Charities (A¢¢ounts and Reports) Regulations 2008. and the provisions of the Trust Deed. The trustees are also responsible for safe guarding the assets of the charity and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularittes. Approved by the Board of Tn and signed on its behalf by: Mr I Scott (Treasurer)
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PAGE'S ALMSHOUSE CHARITY FOR YEAR ENDED 31 DECEMBER 2024 I report on the fmancial statements of tbe Charity for the yeaT ended 31 December 2024, wlu'ch are set out on pages 6 to 14. Respective responsibilities of Trust¢eA and eumiDer The Charity's Tntee5 are r&sponsible for the preparation of the financial statements. The charity's TnLStees consider that an audit is not required for thi's year under section 144(2) of the Ch8ritJes Aci 2011 (the 2011 Act) and that an independent examination is needed It is my responsibility to: (i) examine the financial statements under section 145 of the 2011 Act. {ii) to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. and (iii) to state whether particular matters have come to my attention. Basis of independent examiner's report My examination was carried out in accordance with the general Directions given by the ChaTity Commission. An examination includes a review of the accountt.ng records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or th'sclosures in the financial statements and seeking explanations from you &8 trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion Ven as to whether the financial statements present a 'true and fair view. and the report is limited to those matters set out in the next statement. Independenl examiner'$ ststement Your attention is thawn to the fact that the charity has prepar¢d financial statements in accordance with Accounting and reportj'ng by Charities prepaTing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities.. Ststement of Recommended Practice issued on l April 2005 which is refeed to in the extant r¢gulth"ons but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a tTue and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods bewnning on or after l January 2015. In connection with my examinatio no otheT tter except that refeed to in the previous paragraph h&s come to my attention" (a) which gives me reasonable cause to believe that in any material respect the requirements". (i) to keep accounting records in accordance with section 130 of the 2011 Act. and to prepare financial statements which accord with the accounts.ng records and Comply with the accounting requirements of the 2011 Act. have not been met or (b) to whi¢lL in my Opinio attention should be drawn in order to enable a proper understanding of the financial statements to be reached. shire Charlotte Derbyshire FCCA Derbyshire Accountsnts Limited 2 Fairfield Whitchurch Hampshire Date..
PAGE'S ALMSHOUSE CHARrrY STATEMENT OF FINANCIAL AcfMTtES {IndMding Income and Expenditure Aecounl) FOR THE YE4R ENDED 31 DECEMBER 2024 Genernl Funds 2024 DesigDated Funds 2024 TotAI Funds 2024 Totsl Fund5 2023 Notes COME Donations Investment income 40.342 5.818 40.342 5.818 41,058 4,704 TOTAL INCOME 46.160 46,160 45,762 EXPENDTfuRE Expenditure on charitable activities 23.018 23.018 11.473 TOTAL EXPENDTTURE 23.018 23.018 11.473 NET INCOME BEFORE NET (LOSSESYGAINS ON INVESTMENrs 23.142 23.142 34.289 Net 8ain/(loss) on investments 8.913 .913 22.402 NEf INCOMEIIEXPENSE) 32.055 32.055 56.691 Transfers between funds (84.000) 84.0(Ki Net movement in fundi (51.945) 84.0(K) 32.055 56,691 Fundj balAnces brougbt forward ai l January 1.555.084 50.000 1.605.084 1.548.393 Fund bAlances carried forward #t 31 December li 1.503.139 134.0(M) 1.637,139 1.605.084
PAGE'S ALMSHOUSE CHARITY BALANCE SHEET ASA T31 DECEMBER 2024 2024 2023 FIXED ASSETS Tangible assets Investments 1.304,050 300.346 1.304.050 291.433 1.604.396 1.595.483 CURRENf ASSETS Prepayments C&sh at bank and in hand 1265 34.018 1.236 10.308 35.283 11.544 cREDORS. amounts falliD£ dut within the year io (2.540) (1.943) Net current amets 32.743 9.601 Total a$s¢ts less current liabilities 1,637.139 1605.084 12 Income funds Revaluation reserve 1.571.004 66.135 1.538,949 66.135 1.637.139 1,605,084 The financial statements were approved by the trustees and authorised for issue on . behalf by: 25. and are signed on their Mr I Scott (Treasur¢r) (Tnjstee)
PAGE'S ALMSHOUSE CHARtrY OTES TO THE FINAI¥CIAL STATEMENrs FOR THE YE4R ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES General information Page's Almshous¢ Clwity is a charitable thlst set UP ID 1998 by a TnL8t Dced The dwity is reSled in England and Wales and the address of the chariws princwal pla of busitte is 29a a1 29 to 39 New Roa4 Basin8St(&¢ Hanwshue. The clwity's Pri1paI jectIveS are di5ded ill th¢ TnLStees' RqKrt BASIS of ¢¢ounting Thcsc fllwicial statetncnts have been prepwed itt aCc4Xd with A¢LX)uttti afyj liepytitig by Chan'ties: Stam¢nt of Recommended Practscc applicable to clwitie5 preparlng their acc4)unts in acc(ffdance with the Financial Reporting Standard applicable in the UK and Rcpublic of IrelaTrl (FRS 102) (effedivc l January 2015) and with the requirements of the Chatits¢s Act 2011. Th¢ charity has tak¢n Vantage oethe proirysions itt the SORP f(r ¢lwities 4yI)ryn8 FRS 102 UFthte Bulletin I to prepare a Statement of C&%b Flows. Page's Almbous¢ Clwity meets tk d¢fitiiti of a public b¢llefit entity FRSiO2. Tr financial statemats hav¢ bcai prepared to give 8 ue and fail view have depart from the Clwities (A¢c(Kmts and Re[) Regulations 2008 onty to the ext¢Dt required to provide a and fai¢ view. departure hag I01¥¢d following AccClIng and Remn8 by Charities PTeparin8 their acLx)unts in aCaYdan with th¢ Financi RqKKtsng StJnd8rd applicable in the UK and Ryblic of treland (FRS 102) isswl 16 Jlty 2014. The fllwi¢ial statements hav¢ beth prq)ared with th¢ of the FRS 102 Trie1la] ReNicw 2017 amendmfflts in This is the rSt set of fiDanciai Statall Mthere the Triamial Review amethents have been 0p1. There have been no changes amounts Prent in respect of tr3n5artioL8 balances in any of the mam sIaleD)S as a result oladoptwn of th¢ ¢hanges, but ccrtmin disclosur¢s have ten updated ID linc with the new rquiremcnts. These financial statements aTe prepared in swlmg whith is the fim¢ti(Thl cuen¢}, of th¢ clwity. Montsy am(xuts in these Assets and lthilities are initially rwisai at histrric ccffjt Lf with the of listoa mvwtmettts. which are measured at mwk¢t value. a1 th¢ prq)thie& are valued at fair v8]ue. Going concern The fJnan¢ial retum on investhients is exwwj to markd f(fce5 and is sm)dhing the Cban'ty reviews to ensure appropriate achieve4t As a r¢suiL the accoutts have been prqr on a going concun b&sis. Income Donations andgrants Incom¢ from donations is intlth as incom¢ whrn these are receivabl¢. Inconk ts receivable from the residents kn the prokKrties are occ1¢ InteraFi receivable and Inves1n1 inLxwne Int¢st and are inclwied wh¢4J rettivabl¢ by & ¢1{ty. E4¥enditure EXp•it is Incl m th¢ Statement of FinaDcial Aaivities on an acuuals basis. inclusivc of any VAT. Costs ar¢ all¢xated and dirertlv ttributhbk to the activity of the chanty. Supw)rt costs in¢lude the costs attributable to the trnst's compb'ance CL*tItUtiOn and st2tut(ry re4wir¢m¢nts. including
PAGE'S ALMSHOUSE CHARITY NOTES TO THE FINANCIAL sTATEmEs FOR THE YE4R ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES (CONTINUED) Tangiblt fittd assets Ahnshouse pr(perttes are camed at a reyu•l amrAl being its fwr valu¢ at the date of revalu10 less any subsequent Rmpament Icsses. No thpreciati is charged ffl the Almshouse pr(4)trties. The fair value of the pr(wuties is d&ern)ined from matk¢t.based evidence a re8ular b&8ts by a Professionally qualified suryeyor and Valu lnternmttY by the tThstee5. Revaluation glls aris8 on the revaluation are recowed in the sLM of Financial Adivities after net inrA)m¢ unless they reverse a previous dwg¢ f(K impairmert Investments Investtnents are statal at value at the ycar UDrealwd gains and the inveslm¢nts arc reco8nised in the StatemeDt of Finaticial Activities iti the year in which tTry aris¢. Trlnancial instryments The clwity onl) has financial assets Jnd fijthncial liabJliti&4 of a kind that quajjfy as basic fuwicml instrum¢nts. Basic fiDan¢ial itrU are initially r• at tranStsrn value a1 subsytly at their sctilcm¢nt value with the CXC¢Ption of listol inv¢stments wbi¢h are subsequently Measu & fair ylle. Debtors Tr&k and oth¢r debtS are tc¢ognised at the 8nJ)4Ult due aftu atry trth discounts off#&l. PrepaYn1 valu Cash at bank Cash at bank includas ttK)ncy held in dqlt acc(Awts. Creditors Creditors ar¢ recogned where the ¢harAty has a pr¢sent (i)ligatim resJltin8 from a past ev¢nt that ill probably result in the traLsfer of fim(L8 to a thwd party and the arnt due to settle the obligatsrn ran bc n)e•w ¢stsm reliabty. Credit( Fund accounting Funds la by the charity are unrestricted genffaj funds desigDat&l Utrestricted genu8] fimds arc fimds that can be uwj in accordance with the chan'table objectsves at the of trustees. Desiwd funds are funds specifically set asi(k for rq)85 and Mntenance of the alms. INCOME FROM DONATIONS 2024 20 40,342 41.058 40,342 41.058 IDcome from th)natiODS was £40.342 (2023.. £41.058) all of M'bicb is unre¢1& INVESTME INCOME 2024 2023 Dividend income 5.818 4.704 5,818 4.704 In¢omc from inycstmrnts was £5.818 (2023: £4.704) all of which is unrestrictryl 10
PAGE'S ALMSHOUSE CHARITY NOTES TO THE FII¥ANCIAL STATEMEiYrs FOR THE YE4R ENDED 31 DECEMBER 2024 ANAL YSIS OF EXPENDITURE ON CHARrrABLE A1VITIEs 2024 2023 Cost of artiviti in the firthrn¢e of the charitys (knjectsve5 SuptKrt aThl goVnd0¢¢ costs 20.979 2.039 9.530 1,943 23,018 11,473 ExpdItUre on charitable acivitse5 was £23.018 (2023: £11.473) all of which is unre5trctc Cost of ]VItieS in the of tP¢ dwitys (i)jectivcs 2024 1236 1.454 1.069 ,182 (62) (30) 27 6.395 Water rates Light & heat Postag< and station Repairs to premises C&reline systems Sundry wolses lxgal and professional 95 171 12.017 171 5.092 743 582 196 20.979 9.530 2024 2023 Accountancy fees Independent &¥amitiOn fees 1.395 1.326 615 2,039 1.941 EMPLOYEES Thtre are no employees of clwi'ty of the in the curratt pri(x year. The tn1$ received no remuneration in this lx the prior year howcvff thrcc (2023: thre£) w¢r¢ r¢InUrsed £934 (2023". £726) for expell during the y¢ar. CORPORATION TAXATION The charity is exempt on inc4)me and gains falling With 10n 505 of the T&xes Act 1988 or section 252 of the T&tt10n of Chargublc Gal8 Act 1992 to tk cxw that are applied to its cAwitable Ljects. TANGIBLE FIXED ASSETS The almsho8¢ pr(wties wxth a carr)in8 value of £668,(XM) revalued dunng the year ended 31 Ikcember 2013 by Frank Bailey Chartered Surveyors. aNI by the trustees at the }'ear eThL an existmg use uwket value b&8is. The valuation was based on recent market tran]c ots an ann's lcnsrh b&8is f(Y similar pr(ygtses. Land & Buildings Totsl 29a and 29 to 39 NvW RO Basin H Cost or valuation at l January 2024 I J04.050 1.304,050 Alti( in th¢ year Cost or valuation Al 31 Dteember 2024 1,304.050 1.304.050 11
PAGE'S ALMSHOUSE CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YK4R ENDED 31 DECEMBER 2024 INVESTMENrs Capital Accumul•tion Fund Valuition At l January 2024 Adth'tsoDS Di8p)sals R¢valuati¢ 291.433 8,913 At 31 Deccmbtt 2024 31M),346 The listed investments shares hav¢ be Valu (n 31 DetembeT 2024 rn th¢ ba8is of (yen market value. DEoR5 2024 2023 1265 1236 1265 1236 All debt(n relate to ulr(ted fiumts in iK*b 2024 8Th12023. 10 CREDITORS: amounts falling due withitt one yur 202A 2023 Accrnals & Deferred Inconr 2,540 1,943 2.540 1,943 All edItorS relate to uttreSthL#ed in 2024 aThl 2023. 12
PAGE'S ALMSHOUSE CHARITY NOTES TO THE FINANCIAL STATEMEIYTS FOR THE YEAR ENDED 31 DECEMBER 2024 11 ANALYSIS OF MOVEME1 IN uNREsTRlED FUNDS Gain l(kns)on Transfers Balance #t 31 December Balance At l Jallry movement Undignatcd fimds tksignated funds 1555,084 50.(XM) 23.142 8.913 {84.(KKI) .503,139 134,0 At 31 tk£emb¢r 2024 1,605.084 23,142 8,913 1,637.139 Comp•ratKve Figures: Gain on Trnsfers Balance at 31 De¢tmber Balance at Net l JanuAry movement Undesiwted funds Desiwd funds 1.498,393 50.(KKJ 34289 22.402 l J55,084 50,000 At 31 De<em 2023 1548,393 34289 22,402 1,605,084 The specific PuT[K fw which the funds are to be applied are as follos. Unrestrithd general funds: r• the uttrestrided whith can be utslised by the trusttts at thelr discretion to fiwther the charity's objectives. Duign&ted funds: The trusw have a8reoJ to designate annual resuves of £14.(MXI over a 25-yw pui(xl to provide fulure refutbthent costs. The l&st refurbisbm¢nt was completoj in 2017. At 31 tk£¢mber 2024. desigDat&l resuves total £98.(M)0 (7 Yea at £14,000 P year). In th.tiC. the ¢nLSt¢es bave desi8Dat)1 £36,(MXJ tow'ards the charity's rxintnbution to repairs to th¢ boundary wall. Th¢ trustees will rtItiu¢ to Teview th¢ aTrl pwtK)se of these re5etv¢s an atmual b1$. 12 AI¥ALYSIS OF NET ASSETS BETWEEN FUNDS Revalution General Fund Designated Fund Totsj Tangible rd L85&s tnvesknents Cash at bank and in band Other current &8sets Other current h'abilities 66.135 1237.915 166J46 34.018 1265 (2.540) 1.304.050 300.346 34,018 1.265 (2.540) 134.0(M) At 3 I tknbcr 2024 66.135 1,437.004 134.0(K) 1,637,139 13
PAGE'S ALMSHOUSE CHAIUTY IYOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 12 ANALYSIS OF NET ASSETS BETWEEN FUNDS (Continutd) Comparative Figures: Rtvxluatiom Reserve Gener FuDd DeSIgted Fund Totsl Tangible fixed &wts InTr'estments Casb at baDk and in hand 66.135 1237.915 241.433 10.308 1,236 (1.943) I J04,050 291,433 10,308 1.236 (1,943) 50.(XK) Othu liabRIrtics At 31 De£embu 2023 66.135 1.488.949 50.IXM) 1.605,084 13 FINANCIAL INSTRUMENrs 2024 2023 FINANCIAL ASSETS.. Instruments meas at fair value througb profit l(tss 300J46 291.433 300,346 291,433 14 RELATED PARTY TRANSAcrioNs t(Aallmg £102 w¢r¢ purchased £ two trustees- (we to maTk a si8mfi¢ant birthday, and the other &8 a tr&en of appreCtiOn igDati¢M. (2023.. No related party traalOnS wue TqKYtai) 14
PAGE'S ALMSHOUSE CHARrrY INCOME AND EXPENDITURE ACCOUKT FOR THE YE4R ENDED 31 DECEMBER 2024 2024 2023 Income Income on investmeDtJ: Dividend income Donationg 5.818 40.342 4.704 41.058 46,160 45.762 Expendithre Insurance Water rates Repairs to premises Rates Light & heat Postsge and stationery Accountancy fees Independent examiner fees Careline Sentinel Sundry expenses Legal and professional 1.236 1.454 12.017 1,069 1.182 6.395 (62) (30) 27 1.328 615 95 171 1.395 171 5,092 743 582 196 (23.018) (11.473) Net intome for tbe year 23.142 34.289 This page does Dot forni part of the ststutory financial statements. 15