Charity numbgr: 204718
THE PEARN ALMSHOUSES CHARITY
UNAUDITED
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
ishop Fleming

THE PEARN ALMSHOUSES CHARITY
coTrirENTS
Page
R•f•r•nco and Admlnl•tratlv• Detail• of the Charity. its TrusteeB and Advi9grs
TTUSte68' Rgport
Ind8p•ndent Examinorfs Report
ststement of Flnancial Actlvitles
Balance Sheet
Notss to the Financlal Slaloments
9-19

THE PEARN ALMSHOUSES CHARITY
REFERENCE AND ADMINISTRATNE DETAILS OF THE CHARiff. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2025
Trustees
IE M S Clinton, Chair
Mrs P M Stewart
irtr T N Shobrook
Miss C H Bailey
Dr R G Banjafield
Charfty registernd
number
204718
Principal office
81 D Higher Compton Road
L¢)wer Compton
Plymouth
PL3 5JD
Accountants
Bishop Fleming Audit Limited
Chartered Accountants
Sall Quay House
4 North East Quay
Sutton Haybovr
Plymouth
PL4 OBN
8ankers
Lloyds TSB Bank Plc
8 Royal Parade
Plymouth
Devon
PL1 1DS
CCLA Investment Management Ltd
COIF Charity Funds
One Angel Lane
London
EC4R 3AB
SollGitors
Foot Ansley LLP
Salt Quay House
4 North East Quay
Sutton Hathur
Plymouth
Devon
PL4 OBN
Page 1

THE PEARN ALMSHOUSES CHARITY
TRUSTEES REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The TNstees present their annual report together with the financial statements of the Charity for 1 April 2024
to 31 Marth 2025.
OBJECTIVES AND ACTIVITIES
. POLICIES AND OBJECTIVES
The principal objective of the Charity is to provide sheltered accomm¢)dation for poor persons of not less than
srxty years of age who are inhabitants of the city of Plymouth, except in special cases lo be approved by the
commissioners.
The Trustees have agreed that the definition of 'poorf does not netpssarily refer sololy lo financial moans but
may include wider Considerations such as health and the ability to continue lo occupy safely existing
accommodation, which is increasingly owner occupied and not always suitable for the eklerfy.
b. MAIN ACTMTIES UNDERTAKEN TO FURTHER THE CHARITY'S PURPOSES FOR PUBLIC BENEFIT
The Trustees have had regard to the Charity Commission's guidance on public benefiL
The Charity provides secure and suitable accommodation for elderfy pefsons induding full maintenance
internally and 6xternsJlly with provision of 811 relevant s¢N¢eg.
Residents ar8 taken from the general public in the Plymouth area in accordance Imth the Charity's
constitution.
The Tnjstees are mindfvl of their duty to provide a beneficial setvice and Facility, recognised as l)eing for the
public good. Accordingly, and tearing in mind the requirements of our objects, good quality secure
ommodalion al a fair price is on offer lo deserving appli￿nIS.
Care is taken to establish existing resources, both income and capital, state of health, and suitabilty of
present accommodation.
As a general rule, once they have settled in Residents remain in their property for some years.
ACHIEVEME1￿5 AND PERFORMANCE
. KEY FINANCIAL PERFORMA14CE INDICATORS
Prime Importan￿ lo the Charity is to have a minimum of voids (empty properties) 2nd for the year •nding
31st March 2025 owupancy rates were 100°h.
b. INVESTMENT POLICY AND PERFORMANCE
Ihe Gharity's investments are managed by CCLA Investment Management Ltd and are invesled in the COIF
Charities Investment Fund. Surplus cash is depoglted with CCLA.
Page 2

THE PEARN ALMSHQUSES CHARITY
TRUSTEES REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2025
FINANCIAL REVIEW
. GOING CONCERN
After making appropriate enquiries, the Twstees have a reasonable expectstion that the Charity has
adequate resources to continue in operational existence ft)r the foreseeable future. For this reason they
continue to adopt the going concern basis in preparing the financial statements. Further details regarding the
adoption of the going concem basis can be found in the A¢counb"ng Policies.
b. REVIEW FOR THE YEAR
Whp.nÈver a unit is empty the opportunity is taken to modemise it up to standard and during the year the
Trustees have undertaken lo modernise fracilities foT the benefftt of the resldetrt5 iiibludirtg kitGhen. bathroom,
lighting and healing upjrades as wdl as normal decorating costs.
The Trustees are concerned to provide high quality accommodation for our Residents at acceptable cost.
Accordingly. thp_ ttharge to Residents is set annually taking account of the fair rent of the accommodation with
an additron to Cover costs met by the Charity.
The Trustees are satisfied that the financial position of the Charty to date wll enable Ihem to continue to
meet these objectives.
c. RESERVES POLICY
Unrestricted fvnds are available to meet the day to day costs associated wlh the Charity's aims and to meet
commitments as they fall due. The balance of unrestricted funds at the year end amount to £771,846 {2024.'
£727,940).
Pemianent Endowment funds are available for capitsl purposes and are invested in accumulation units.
There are ￿ funds both to recoup previous capital investments. Endowment funds at the year end amount
to £3,888.089 {2024: £3,918,945).
The Cottages recoupment fund has approL 40 years to go before our agreement wth the Charity
Commission is satisfied.
A statement of condition has been obtained at September 2021 which provides a good guide of the likely cost
of repairs and maintenance over the next 5 years.
The major items which wll need to ￿ addressed at Hr. Compton - fvdo of the trio of properties were built in
the 1930's are..
Gyclical maintenance
Kitchen and bathroom modemisation
And at the C¢)ttage8 are..
Cydical maintenance
The estimated cost of this at today's price$ is in the order of £60,000.
Page 3

THE PEARN ALMSHOUSES CHARtrY
TRUSTEES REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2025
STRUCTURE, GOVERNANCE AND W4NAGEMEKr
. CONSTITUTION
The official name of the Charity is "Peam Almshouses"
11 is located al Plymouth in the County of Devon. A
Certs'ficate of Incorporab'on of the Trustees of the Charity by the name of "The Trustees of the Pearn
Almshouses Chariv, was sealed by Order of the Commissioners on 16 May 1994.
There have been no changes in the obj'ectives since the last annual reptsrL
b. MEfHOD OF APPOINTMENT OR ELECTION OF TRUSTEES
The management of the Charity is the responsibility of the Trustees who ar8 el￿ted and COwOPted under the
terms of the Charity Commission Scheme. Trustees are appointed for a term of five years by 2 resolution of
the Trustees and as a Trustee is appointed they must provide a declaration of acceptance and willingness to
act.
c. ORGANISATIONAL STRUCTURE AND DECISION MAKING
In addition to the Trustees there is an employed Trust Manager is responsible for conducting day to day
business and reporting to the Trust888.
d. RISK MANAGEMENT
Thè TTUStee9 hav• as98¥sed the major riska to which the Charity is expostxl, in particular those related lo the
operations and finances of the Charity and are satisfied that systems and procedures are in place to mitigate
our exposure to the major risks.
This report was approved by the Trustees and Signed on Iheir ￿half by..
Mrs M S Clinlo
(Chair of Trustees)
D*e.
Page 4

THE PEARN ALMSHOUSES CHARITY
TRUSTEES REPORT ICONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The Trustees a￿ responsible for preparing the Trustees, report and the )Inancial statements in accordance
wth applicable law and United Klngdotn Accounting Standards (United Kingdom Generally ActF.pted
Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial ststements for
each financial year vthich give a true and fair view of the slate of affairs of the Charity and of its incoming
resources and application of resources, including its Income and expenditure. for that perbod. In preparing
these financial statements. the Trustees are requirgj to:
select suitable accounting policies and then apply them consistently,.
ob#erve the methods and principles of the Charities SORP IFRS 1021-,
make judgements and accounting estimates that are reasonable and prudent.,
stste whether applicable UK Accountirsg Standards {FRS 1021 have been followed. SUbj￿t to any
material departures disclosed and explained in the financial ststements",
prepare the financial statements on the going concern basis unless it is inappropriate to presume that
the Charity will continu¢ In businass.
The Trustees are responsible for keeping adequate accoynting records that are sufficient to show and explain
the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the
Chafity and enable them to ensure that the financial statements comply with the Charities Act 2011. the
cnarty (A￿UnIS and Report31 Regulatsons 2008 and thè prnvisions of the Trust deed. They are also
respjnsible for safeguarding the assets of the Chanty and hence for taking reasonable steps for the
prevention and detecb.on of fraud and other irregularities.
This report was approved by the Trustees and signed on their behalf by:
Mrs M S Clint
(Chair of Trustees)
Dale:
Page 5

THE PEARN ALMSHOUSES CIIARITY
INDEPENDETrif EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH 2025
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PEARN ALMSHOUSES
CHARITY I'the Charity'l
I report to the Charity Twstees on my examination d the accoLtnts of the Charity for the year ended 31 March
2025.
RESPONSIBILMES AND BASIS OF REPORT
Ab- the Trustees ol the Charity you are responsible for the preparation of the accounts in am)rdan¢e with the
requirements of the Charities Act 2011 ('Ihe 2011 ACVI.
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 knt and
in carrying out my examination I have followed the applie*ble Directions given by the Charity Commi&*ion iind&r
section 145151{bl of the 2011 Act.
INDEPENDENT EXAMINER'S STATEMENT
I have completed my oxaminAtion. I confrrm that no ttiatt¢r6 1)av¥ coffle to ffly attentlon in connection wrth Ihe
examination giving me causo lo believe that in any material respect..
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Art or
the accounts do not accord with those raeords.. or
the accounts do not comply with the applicable requirements concerning the form and Content Gf
a￿￿￿tS sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a 'true and fairf vtew which is not a matter considered as part of an independent
ex8mina*ion.
I have no concerns and have come across no other matters in connection with the examination to which
attenkn'on should be drawn in this report in order to enable a proper understanding of the accounts lo be ￿ached.
Signed..
Alison Oliver {FCA}
BISHOP FLEMING AUDIT LIMITED
Chartered Accountants
Sall Quay House
4 North East Quay
Sutton Harbour
Plymouth
PL4 OBN
Date.. 2810112026
Page 6

THE PEARN ALMSHOUSES CHARITY
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2025
Endowment Un￿tricted
funds
funds
2025
2025
Total
lunds
2025
Total
funds
2024
Note
INCOME AND ENDOWMENTS FROM:
Investments
206.334
306
205,334
192,930
1.984
Olher income
TOTAL INCOME AND ENDOWMENTS
EXPENDITURE ON:
Charitable activities
205.640
205.640
194,914
156,459
156.459
139,688
TOTAL EXPENDITURE
156A59
156.459
139,688
NEf INCOMEI (EXPENDITURE}
BEFORE NET GAINS1 {LO83ES) ON
INVESTMENTS
Net gainsl Ikjsses) on investments
49.181
{25.886}
49,181
136.131)
55,226
118.886
13
110.2451
NEf INCOMEI IEXPENDITUREI
Transfers behveen fiJnds
(10.245)
(20,611>
23.295
20,611
13.050
174,112
13
NEf MOVEMENT IN FUNDS
{30.8561
43.906
13.050
174.112
RECONCILIATION OF FUNDS:
Total funds brought forward
Net movement in funds
3.918,945
(30.856}
727.940
43.906
4.646,885
13,050
4,472,773
174.112
TOTAL FUNDS CARRIED FORWARD 13
3.888.089
771.846
4.659.935
4,646,885
The Statement of Financial Activities includes 311 gains and losses recognised in the year.
The notes on pages 9 to 19 form part of these financial statements.
Page I

THE PEARN ALMSHOUSES CHARITY
BALANCE SHEET
AS AT 31 MARCH 2025
As restated
2024
2025
Note
FIXED AssFrs
Tangible assets
Investments
10
11
3.311,739
1,249,595
3,312,393
1,276,442
4.561,334
4.58tS,835
CURRENT ASSETS
Cash al bank and in hand
104.001
63,478
104,001
63,478
CURRENT LIABILITIES
Creditor5.' amounts falling due within one
year
12
(5,400)
{5.4281
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRETrrr
LIABILITIES
98,601
58,050
4.659,935
4,646,885
TOTAL NET ASSET8
4,659.935
4,646,885
CHARrrY FUNDS
Endowment funds
Unrestricted funds
13
3.888.089
771.846
3,918,945
727,940
13
TOTAL FUNDS
4,659,935
4,646,885
The finanual statements were approved and authorised for issue by the Trustees and signed on their behalf by..
Date..
The notes on pagès 9 to 19 forni part of these financial ststements.
Page 8

THE PEARN ALMSHOUSES CHARrrY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
GENERAL INFORMATION
The unincorporated Charity is registered with Charity Commission, the registered number is 204718. The
registèred address of the Charty is 81 D Higher Compton Road, Lower Compton. Plymouth, PL3 5JD.
ACCOUNTING POLICIES
2.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS
The financial statements have bgen prepared in accordance with the Charit￿8 SORP IFRS 102} -
Accounting and Reporting by Charities. Ststement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in th8 UK
8nd Republic of Ifeland IFRS 1021 (effective 1 January 2015}, the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1Q21 and the Gh8titi&ts Ad 2011.
The Pe8m Almshouses Chanty meets the definition of a public benefit entty under FRS 102. Assets
and liabilities are inilialty recognised at hislori¢al cost or transaction value unless otherwise stated in
the relevant accounting policy.
2.2 INCOME
All income is recognised once the Charity has entitlement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
Income tax Tecoverable in relatiors to investment income is recognised at the lime the investment
income is r￿l¥able.
2.3 EXPENorruRE
Expendrture is recognised On￿ there is alegal or constructive obligation to transfer economic benefft
to a third paty, it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is dassified by activity. The costs
of each activity are made up of the total of direct costs and shared costs, including support costs
involved in undertaking each actNty. Direct costs attributable to a single actNity are allocated directly
lo that activty. Shared costs which contribute to more than one activity and support costs which are
not attributable to a single acttv'ty are apportioned belween those activities on 8 basis consistent with
the use of resources. Central staff costs are allocated on the basis of time spent. and depreciation
charges allocated on the portion of the asset's use.
Expenditure on charitable actDiilies is incurred on directy undertaking the activities which further the
Chanws objectives, as well as any associated support c(￿1$.
All expenditure is inclusive of irrecoverable VAT.
2A INTEREST RECEIVABLE
Interest on funds held on deposit is induded when receivable and the amount can be measured
reliabty by the Charity., this is nomialty upon r￿1￿catiOn of the Inte￿St paid or payable by the
iristitulion ¥rfith whom th¢ funds aro depjsited.
Page 9

THE PEARN ALMSHOUSES CHARtrY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
ACCOUNTING POLICIES Icontinuedl
2.5 TANGIBLE FIXED ASSETS AND DEPRECIATION
Tangible fixed assets are initl8lly recognised at cost. After recognition. under the cost model, tangible
fixed assets are measured al cost less accumulated depreciation and any accumulated wnpainnenl
losses. All eosts incuTred to bring a tangible fixed asset into ils intended working condition should be
included in the measurement of cost.
The freehold properti8s, only. are initially recognised at cost. After recognition, Lfnder the ￿valUation
model, tangible fixed assets whos8 fair value can be measured reliably shall be carried at a revalued
amount, being their fair value at the dale of revaluation less any subsequent accumulated
depreciation and subsequent accumulated impaimienl losses.
Revaluations are made wth sufficient regulartty lo ensure that the ¢arrwng amount does not drffer
materially from that which would be determined using fair value al the end of the reporting dale.
Fair values are del&miined from market-based evidence by appraisal that is nomially undertaken by
professionally qualrfied valucrs. If there is no matkel-babe(l ewdence of fair value because of the
speeialised nature of the tangible fixed asset and il is rarely sottl, except as part of a conth"buling
business, 8 Charity may need lo estimate fair value using an income 01 depreciated repla￿ment ￿81
approa¢h.
?ains and losses on rèvaluation are reco9nised in the Stsieinent of Flnanaal Acu"vrties, wrth any
gain5 or losses going through the endowment fund in the Statement of funds note.
DepreCiat￿n is charged so as lo allocate the cost of tangible fixed 8$sets less their residual value
over their estimated useful lives.
Depreciat¢on is provided on the following bases..
Freehold propety
Fixtures and fittings
not depreciated
10% slraighl line
2.6 INVESTMEKrs
Fixed asset investments are a lorm ol financial instrument and are initolty recognised at their
transaction cost and subsequently measured at fair value al the Balance Sheet date, unless the value
cannot be measLFred reliably in which case it is measured al cost less impaiment. Invostmenl g8ins
and losses, whether realised or unrealised. are ￿Mbined and presented as 'GainsllLosses} on
investments, in the Statement of Financial ACtivit￿s.
2.7 CASH AT BANK AND IN HAND
Cash al bank and in hand includes cash and short-temi highly liquid investsments with a short maturity
of three months or less fiom the date of acquisition or openir5g of the d8posit or similar account.
Page 10

TrIE PEARN ALMSHOUSES CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
AccouKnNG POLICIES Icontinu•d)
2.8 UABILITIES AND PROVISIONS
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past
event, it is probable that a transfer of economic benefitwill be required in settlement. and the amount
of the settlement be estimated reliably.
Liabilities are reGogni3ed at the amount that the Charity anticipates st will pay to settle the debt or the
amount it has Teoived as advaft￿d payments for the goods or Servi￿S it must provide.
Provisions are measured at the be51 estimate of the amounts required to settle the obligation. Wher8
the effect of the time value of money is material, the provision is based on the present value of those
aiiiT)uiits. disGounted at the pr&tax discount ratè thAt rÈftects the risks swffi¢ to the liability. The
unwinding of the dI￿unt is reGognised in the Statement of Financial Activities as a finance cost.
19 PENSIONS
The Charity operates a defin6d conlribution pension scheme and the pension charge represents the
amt)unls payable by the Charity to the fund in respect of the yeaT.
2.10 FUND ACCOUNTING
G¢neral funde are unrestrir.t&d fijnds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Charity and which have not been designated for other
purposes.
Investment income, gains and loss&s are alIc￿ted to the 8PPTopriate fund.
CRITICAL ACCOUNTING ESTIMATES AND AREAS OF JUDGEMENT
Eslimate5 and judgements are continually evaluated and are based on historical experience and other
f3ctors, including expectations of futUf8 events that are believed to be reasonable under the
circumst8nces.
Critical accounting estimates and assumptions..
The Charity makes estimates and assumptions con￿rnIng the future. The resulting accounting estimates
and assumptions will, by defin(tion. seldom equal the related actual results. The estimates and
assumptions that have a significant risk of causing a material adjustment to the carrying amounts of
assets and liabilitses within the ￿xt financial year are discussed below.
Critical areas of judgement..
The valuation of the Charitys freehold propertie5 are inherenty subjective due to, among other factors, the
individual nature of the property, its location and the expeeled fvture rental revenues from that particular
property. As a result. the valuation is subject to a degree of uncertainty and is made on the basis of
assumptions which may not prove to be accurate, particularly in periods of volatility or low transadion flow
in the property market. The carrying value at the year ib £3,309,000 {2024". £3,309.0001.
The properties are included in the Balance Sheet al Trustees, valuation. The Trustees believe that this
valuatson is not matertally drfferent from the value that would be applied by an independent professional
valuer.
Page 11

THE PEARN ALMSHOUSES CHARITY
NOTES TO THE FINANCIAL STATEMElnS
FOR THE YEAR ENDED 31 PIARCH 2025
INVESTMENT INCOME
Unrnstrlct
funds
2025
Total
funds
2026
fund$
2024
Income from residents
Dividends and Inte￿8t on shares
Inte￿st on bank and deposit funds
189,397
12,245
3,692
189.397
12.245
3.692
177,797
12,004
3,129
TOTAL 2025
205,334
205,334
192.930
OTHER INCOMING RESOURCES
Unrestricted
funds
2025
Total
funds
2025
Total
funds
2024
Sundry Income
306
1,984
ANALYSIS OF EXPENDITURE BY ACTIVMES
Activities
undertaken
directly
2025
Support
costs
2025
Total
funds
2025
Total
funds
2024
Charitable actThiitie5
142,349
14,110
156.459
139,688
Page 12

THE PEARN ALMSHOUSES CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
ANALYSIS OF EXPENDITURE BY ACTIVITIES {CONTINUED)
ANALYSIS OF DIRECT COSTS
Total
funds
202S
Total
fund5
2024
Staff costs
Cleaning costs
Gardening costs
Water
Gas
Electriaty
RAnt and rates
Telephone
Insurance
Repair3 and renewals
Subscriptions
Depreciation- fumiture, fittings and equipment
Bank charges
Sundry expenses
24,797
4,340
8.198
4.789
12.413
15,130
354
9.830
9,657
24,408
4,235
9,530
4,436
9,208
13,291
921
8,567
9,060
31,537
692
654
146
252
654
116
li
3,028
142,349
119,713
Page 13

THE PE4RN ALMSHOUSES CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
ANALYSIS OF EXPENDrruRE BY ACTIVITIES ICONTINUEDI
ANALYSIS OF SUPPORT COSTS
Total
fund8
2025
Total
funds
2024
Accountancy fees
Legal and professional costs
4,125
9,985
16,129
14,110
19,975
INDEPENDENT EXAMINER'S REMUNERATION
The independent examin8rfs remuneration amounts to an independent examiner fee of £3,846 {2024 -
£3,6%1.
STAFF COSTS
2025
2024
Wages and salaries
Pension costs
24,797
23,031
1,377
24,797
24,408
The average number of persons employed by the Charity during the year was as follows..
2025
No.
2024
No.
Full time
No employee received remuneration amounting to more than P_60.000 in eith8r yaar.
Page 14

THE PEARN ALMSHOUSES CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
TRUSTEES. REMUNERATION AND EXPENSES
During the year, no Trustees received any remuneralion or other benefrts {2024- £NIL}.
During the year ended 31 March 2025, no Trustee expenses hav8 been incurred12024 - £NILI.
10. TANGIBLE FIXED ASSErs
Freehold Fixtures and
property
fittings
Total
COST OR VALUATION
At 1 April 2024
3.309.000
14,707
3.323,707
At 31 March 2025
3.309.000
14,707
3.323,707
DEPRECIATION
At 1 April 2024
Charge for the year
11.314
11,314
654
At31 Marth 2025
11,968
11.968
NET BOOK VALUE
Al 31 March 2025
3.309.000
2,739
3.311.n9
Al 31 March 2024
3,309,QOO
3,393
3.312,393
Included in land and buildings are the Almshouses properties al 79. 81 and 83 Higher Comptr)n Road and
Bl¢xks 1, 2 and 3 al Eggbu¢kland, Ptymouth at building reinstatement valuo.
The properties were valued on the repta￿Ment basis al £1,935,000 and £1,374,000 respeclivety, by
Vickery Holman, Property Consultants in September 2021 and the Trustees consider thi5 valuation to be
applicable at the year end. The lotsl value of £3,309.000 {2024." £3,309,000} has a historical cost of
£1,033,637 {2024.. £1,033,637}. The properties are not depreciated as the Trustees consider their
carrying value is not materialty different from this valuation.
Page 15

THE PEARN ALMSHOUSES CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
11. FIXED ASSET INVESTMENTS
Llsted
Unlistod
Investments In¥￿t￿p￿ts
Total
COST OR VALUATION
At 1 April 2024
Prior year adjustment
At 1 April 2024 las restsled)
Additions
Revaluationa
1,201926
1.201.926
78.208
78.208
1.201.926
5,592
{36.131}
78,208
1,280,134
5,592
(38.q 31)
AT 31 MARCH 2025
1,171,387
78.208
1.249.695
NET BOOK VALUE
AT 31 MARCH 2025
1,171.387
78,208
1,249,S95
AT 31 MARCH 2024 IAS RESTATED}
1,201.926
78,208
1.280,134
The historic cost of th8 listed inveslm8nts is £442,08112024.. £442,081).
A prior year re5tatem6nt has been made to reclasstty a long-lemi deposlt from cash ana cash
equivalents to fixed asset investments, reftecting its nature as a deposit held for a period exceeding three
months.
12. cRED￿ORS. AMOUF￿s FALLING DUE MTHIN ONE YEAR
2025
2024
Accruals and deferred income
5,400
5.428
Page 16

THE PEARN ALMSHOUSES CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
13. sTATEMETr￿ OF FUNDS
STATEMENT OF FUNDS- CURRENT YEAR
Balance at
Gainsl 31 March
(Lo$s•sl
2025
Balance at 1
April 2024
Transfors
Inlout
Incomg Expenditure
UNRESTRICTED
FUNDS
General Funds
727,940
205.640
1156.4591
20,611
125,886)
771,846
ENDOWMENT
FUNDS
Endowment Fund
3,918,945
120,611) {10.24S) 3.888.089
TOTAL OF FUNDS
4,646,885
205,640
1156,459)
(36,1311 4,659.935
Endowment Funds
The Trusvs permanent endowment represents land and buildings and the CCLA COIF Charilies
Investrnont Fund accumulation units.
STATEMENT OF FUND8 - PRIOR YEAR
Balance at
Gainsl 31 March
(Losses)
2024
Balance at
1 April 2023
Transfe
inlout
Ineome Expenditure
UNRESTRICTED
FUNDS
General Funds
616,206
194,914
(139,6881
17,456)
63,9S4
727,940
ENDOWMENT FUNDS
Endowment Fund
3,856,567
7,456
54,922 3.918,945
TOTAL OF FUNDS
4,472,773 194,914
1139.6881
118,886 4,646.885
Page 17

THE PEARN ALMSHOUSES CHARirY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
1& ANALYSIS OF NEf ASSEfs BETWEEN FUNDS
ANALYSIS OF NET ASSETS BEfwEEN FUNDS - CURRENT YEAR
Endowment Unrostricted
funds
funds
2025
2025
Total
funds
2025
Tangible fixed assets
Fixed asset investments
Current assets
Craditor% due within one year
3,309,000
579,089
2,739
670,5
104,001
{5,4001
3.311.739
1.249.595
104001
15.400)
TOTAL
3,888.089
771.846
4.659,935
ANALYSIS OF NET ASs￿s BEfwEEN FUNDS - PRIOR YEAR
Endowrnent Unrestricted
funds
funds
2024
2024
Total
funds
2024
Tangible fixed assets
Fixed asset inveslm8nts
Current assets
Creditors due within one year
3,199.351
794.110
{74,516)
113,042
482,332
137,994
{5.4281
3,312,393
1.276,442
63,478
15,428)
TOTAL
3,918,945
727,940
4,646,885
15. PENSION COMMITMENTS
The Charity operates a defined contribution pension scheme. The assets of the scheme are held
separdtely from those of the Charity in an independently administered fund. The pension cost charge
represents contributions payable by the Charity to the fund and amounted lo £Nil 12024." £1,377).
Contributions totalling £Nil 12024.. £Nill were payab￿ to the fund at the Balance Sheet date. The Charity
and its employees not make any pension contributions in the year.
16. RELATED PAR￿ TRANSACTIONS
The Charity has not entered into any related party transactions during the year, nor ar8 there 8ny
outstanding balances owing be￿een related partie8 and the Charsty at the Balance Sheet date.
17. POST BALANCE SHEET EVEiirs
After the balance sheet dale. on 1 April 2025, the charity became incorporated as a Charitable
Incorporated Organisation ICIOI. The assets, liabilrties, and activities of the charity are expected to btt
Iransferfed lo the CIO. This event does not affect the figures ieported in these accounts.
Page 18

THE PEARN ALMSHOUSES CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
18. CONTROLUNG PARTY
The Chanty is ¢ontrdled collectively by the Board of Trustees.
Page 19