STEPHEN HUTCHEN'S CHARITY TRUST
FINANCIAL STATEMENTS
FOR THE PERIOD
ANUARY 2024 TO 31 DECEMBE
15tered Charit No. 204758
BKP
IMITED
CHARTERED CERTIFIED ACCOUNTANTS
PENZANCE

STEPHEN 14UTCHEN'S CHARITY TRUST
Page I
TRUSTEES ANNUAL REPORT
FOR THE PERIOD I JANUARY 202
IDE
EMBER 2024
REFERENCE AND ADMINISTRATIVE DETAILS
The Trustees submit their Report and the FinanciBI Statements for the year ended 31 December
2024 for Stephen Hutchen's Charlty Trust. The financial statements have been prepared in
accordance with current statutory requirements, the Trust Deed and Statement of Recommended
Practice for charities (Charitie5 SORP (FRS 1021).
Charit Re
istration Number
The registered number of the Charity is 204758.
Princi
l Address
stephen Hutchen's Charity Trust
Paul
Penzance
Cornwall
TR19 6UA
rustees
All whom mana
e the Charit
The Governing Body consists of the following members who meet quarterly and administer the
charity. The Trustees who served during the year were..
Ex-officio..
The Reverend Vicar of Paul, Rev. A Yates (Resig ned)
Nominative..
Cllr. S Bosworth (Resigned)
Cllr. D Axford (resigned)
Co-optative..
Ms MJ Stubbings (Chair)
Mrs L Burton (Vice Chair)
Mrs SJ Stephens (Minutes Secretary)
Mr J Scade ITreasurerl
Mrs PA Jones (Secretary)
Mr TJ Pullen (Appointed 24 July 20241
Mrs MG Griffiths (Resigned)
Ms LK Thomas
Mr GK Prawse
Mr AR Beard
Ms ES Bawden
Bankers
Barclays Bank
819 Market Jew Street
Penzance
TR18 2TW
Antony Richards
Jupiter House
10 Market Place
Penzance
TR18 2JA
CCLA
80 Cheapside
London
EC2V 6DZ

STEPHEN HUTCHEN'S CHARITY TRUST
Page 2
TRUSTEES ANNUAL REPORT
FOR THE PERIOD I IANUARY 2024 TO 31 DECEMBER 2024
Solicitors
Accountants
Inde
endent Examiner
Cornish Venning
Unit N
Questmap Business Park
Longrock
Penzance
Cornwall
TR20 8AS
David Ha5tlngs FMAAT ACA
BK Plus Limited
Alverton Pavilion
Trewithen Road
Penzance
Cornwall
TR18 4LS
TRUCTURE GOVERNANCE AND MANAGEMENT
anisatio
The Charity is administered by the Trustees, as established by the Trust Deed dated 7 May 1875
and as revised by the Trust Deed dated 7 April 1966 and updated 20 July 20 10.
Governance
The Charity is governed by a Scheme Document approved on 7 Aprll 1966 by the chèrity
Commissioners for England and Wales, which is implemented by the Trustees. The Trustees
confirm they have complied with the governance and financial viability standards required.
Nomlnation and A
ointment of Trustees
a) Ex-officio Trustee
Shall be the Vicar of Paul.
b) Nomlnatlve Trustees
Nominated and Appointed by Penzance Town Council.
c) Co-optlve Trustees
Nominated by agreement of Trustees and appointed by a resolution
of the Trustees, being persons residing or cbrrying on business i n the
area of benefit.
Risk Assessment
The Trustees have a55essed the major risks to which the cha rity is exposed and are satisfied that
systems or procedures are in place to manage those risk5.
IVITIES
Ob ectives
The Charity's main objectlve 15 the provlslon of Almshouse accommodation.
n determinlng actlvities Trustees have given due regard to the Charity Commission's guidance
on Public Benefit. The 3ctlvitles deliver public benefit as fDIIows.'
The Charity's primary benefit is to provlde Almshouse accommodatlon for elderly people
In need of assistance who were born in the area of benefit. In default of suitable applicants,
the benefactors can be elderly people of good character and in need of assistance who
have resided or worked in the area of benefit for at least five years.
The local authority as515ts with funding of residents, where appropriate,
The Trustees confirm that they have complied with the duty in section 17(5) of the Charities Act
2011 to have due regard to guidance on public benefiti published by the Charity Commission.

STEPHEN HUTCHEN'S CHARITY TRUST
Page 3
TRUSTEES A
NUAL
EPORT
FOFi THE PERIOD I JANUARY 2024 T
IDE
EMBER 2
24
ACHIEVEMENTS AND PERFORMANCE - WHO USED AND BENEFITED FROM OUR SERVICES
Review of the Year
Elght flats were fully occupled during the year. This is a IOOO/o occupancy rate. All resldents were
elderly and from the area of benefit.
One Trustee has been reimbursed for a total of £326 (2Q23.' £32) for expenses that they had
incurred durlng thelr duty as Cotnmittee Officer. The expenses incurred consist of postage and
stationery. At the year end £nil (2023.. £n il) was owed to the Trustee.
Investments
The Trustees have been approved by the Charity Commls5ioner5 to hold and administer
investments for the benefit of the Charity.
FINANCIAL REVIEW
Results and Reserve5
Income received in the year amounted to £66,329 (2023.. £58,757), of which over £61,700 (2023..
aver £54,600) has been generated from the residents at the Almshouses. The Trustees have
established, by reference to future anticipated costs, that unrestricted funds may be kept at the
level of £285,530 (2023.. £302,184) as shown on Page 8. The level of free reserves excluding
accumulated gains on investments and designated funds is £27,824 (2023.. £28,510) which
represents 3 months (2023.. 3 months) of expenditure.
Investments
Investments are held in COIF Charlties Investment Funds. The market value of the investments
at 31 December 2024 was £198,074 (2023.. £205,065). Thls exceods the original cost by
£166,664 (2023: £170,500).
The investments have been held for a number of years, and the Charity intends to continue to
hold these investments. The policy for the Investment5 IS to ensure that the value exceeds cost
nd è return is received each year.
The Trustees have declded that the Charity should hold reserves which are neither restricted nor
designated equivalent to twelve months expenditure.
E350 per flat is to be tronsferred each year to the cyclical maintenance designated fund and £150
per flat is to be transferred each year to the extraordinary maintenance designated fund wlthln
unrestricted funds.

STEPHEN HUTCHEN'S CHARITY TRusr
Page 4
TATEMENT OF TRUSTEES, RESPONSIBILITIES
OR THE PERI
ARY2
24T
2024
Charity legislatSon require TrLJStees to prepare Financial Statements for each financial year which
glve a true and falr view of the state of affairs of the Charlty as at the end of the financial year
and its income alld expendlture for that period. In preparlng those accounts the Trustees are
required to:
Select sultable 8ccountlng pollcies and then apply them consistently.
Ensure the regularity of transactions by putting in place adequate systems of internal
control.
State whether applicable Accounting Standards and Statements of Recommended Practice
have been followed, subject to any departure disclosed and explained in the financlal
statements.
Agree the remuneration of the Independent examlner.
Make judgements and estlmates that are reasonable and prudent.
Prepare the accounts on a golng concern basls unless It Is Inapproprlate to presume that
the charity will continue in operation.
The Trustees are responsible for malntainlng proper accounting records which disclose wlth
reasonable accuracy at any tlme the financlal position of the Charity and enables them to ensure
that the financial statements comply with the Charities Act 2011 and the Charities Statement of
Recommended Practice FRS 102. The Trustees are also responslble for safeguarding the assets
of the Charity and hence for taking reasonable steps for the prevention and delection of fraud
and other irregularities,
This report was approved by the Board of Trustees and slgned on its behalf by..
Ms MJ Stubbings
(Chair)
Date:
JLF

INDEPENDENT FXAMINER'S REPORT TO THE TR
EES
CHARITY TRUST ON ACCOUNTS FOR THE PERIOD I JA
CHARI
F STEPHEN HUTCHEN'S
Page 5
UA
Y 2024 TO
DECEMBER 2024
I report to the trustees on my examination Df the accounts of Stephen Hutchen's Charlty Trust
for the year ended 3 1 December 2024, which are set out on pages 6 to 18.
RESPONSIBIUTIES AND BASIS OF REPORT
As the Charity's trustees, you are responsible for the preparation of the accoursts In accordance
with the requirements of the Charities Act 2011 I'the Act,). The Charity's trustees consider that
an audit is not requi red for this year (under section 144{2) the Act).
I report in respect of my examination of the Charlty's accounts carried out under section 145 of
the 2011 Act and in carrying out my examination, L have followed all the applicable Directions
glven by the Charity Commission Lsnder section 145(5)(b) of the Act. An examination includes a
review of the accounting records kept by the Charity and a comparison of the accounts presented
with those records. It also includes consideration of any unusual items Dr disclosures in the
accounts, and seeking explanations from you a5 trustees concerning any such matters. The
procedLSres undertaken Llo not provide all the evldence that would be required in an audit, and
consequently no opinion is given as to whether the accounts present a 'true and falr vlew, and
the report 15 limited to those matters set out in the statement below.
ENDEPENDENT EXAMINER'S STATEMENT
I have completed my examination. I confirm that no materlal matters have come to my attentlon
in connection with the examination whlch give5 me cause to believe that, in any material respect:
the accounting records were not kept in accordance with sections 130 OF the Charities Act.
or
the accounts did not accord wlth the accounting record5, or
the accounts dld not comply with the applicable requirements conttrning the form and
content of the accounts set out in the Charities (Accounts and Reports) Regulations 2008
other than any requirement that the accounts glve a 'true and fair, view which is not a
matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examlnation
to which attention should be drawn in thi5 report in order to enable a proper understandillg of the
accounts to be reached.
David Hasting5 FMAAT ACA
Chartered Accountant
BK Plu5 Limited
Alverton Pavilion
Trewithen Road
Penzance
Cornwall
TR18 4LS
Date: 2 1 July 2025

STEPHEN HUTCHEN'S CHARITY TFiUS
Page 6
STATEMENT OF COMPREHENSIVE INCOME
FOR THE Y
ANUARY 2024 TO 31 DECEMBER 2024
All unrestricted, restricted and
endowed funds
Not
2024
2023
TURNOVER
l{c) & 4(a)
66,329
58,757
Less Operating Expenditure
4(a)
(93,867)
(97,556)
OPERATING (DEFICIT)ISURPLUS
(27,5381
(38,799)
Interest recelvable and slmilar income
14,720
4,076
Movement in falr value of investments
io
(3,836)
(20,494)
(DEFICm/SURPLUS FOR THE YEAR AND
TOTAL COMPREHENSIVE INCOME FOR THE YEAR
(16,654)
(14,229)
Net movement in funds
(16,654)
(14,229)
Reconc
tion of
Total funds brought forward
783,456
797,685
TOTAL FUNDS CARRIED FORWARD
766,802
783,456
TINUI
TIONS
None of the Charity's fundamental actlvltie5 were acqulred or discontinued In the above two
financial years.
These financial statements were approved by the Commlttee of Management and signed on Its
behalf by..
Ms MJ Stubbing5 (Chair)
Mr J Scade (Treasurer)
Mr GK Prowse (Trustee)
Date..
Loa£
The notes on Page5 10 - 18 form part of these financlal statements.

STEPHEN HUTCHEN'S CHAFiITY TRUST
Page 7
STATEMENT OF CHANGES IN E
UITY -
EAR ENDED 31 DECEMBER 2024
Income and
Expenditure
Reserve
Restricted
Reserve
Endowment
und
Unrestricted
Fund
Total
Balance at l January 2024
304,962
176,310
302,184
783,456
Surplusl(deficit)
from statement
of comprehensive
income
116,654)
(16,654)
Balance at 31 December 2024
304,962
176,310
285,530
766,802
The notes on Pages 10 - 18 form part of these financial statements.

HEN,
RITY TRUST
Page 8
TATE
EPIT OF FINAN
IA
AS AT 31 DECEMBER 202
Tl
ote
A55
Tangible Fixed Assets
552,120
550,972
Investnients
io
198,074
205,065
750,194
756,037
CURRENT ASSETS
Debtors and prepayments
Cash at Bank
li
4,919
23,509
4,897
31,429
28,428
36,326
Less CREDITORS amounts fèlllng
due within one year
12 (11,820)
(8,907)
NET CURRENT ASSETS
16,608
27,419
TOTAL ASSETS LESS CURRENT LIABILITIES
766,802
783,456
CREDITORS
Amounts falllng due after l year
TOTAL NET ASSETS
766,802
783,456
RESERVES
Restricted Reserves
Endowment Fund
Re5trlcted Fund
Unrestricted Income and
Expendlture Reserve
13 (a)
13 (b)
176,310
304,962
176,310
304,962
13 (c)
285,530
302,184
TOTAL RESERVES
766,802
783,456
These financial statements were approved by the Comrnlttee of Management and slgned on its
behalf by:
Ms MJ Stubbings
Mr J Scade
Treasurer)
Date..
JÉ
The notes on Pages 10 - 18 form part of these flnanclal statements.

STEPHEN HUTCHEN,
HARITY TRUST
Page 9
TATEMENT OF CAS
FLOWS
Year ended
Year ended
b r 2024 31 Dece
ber 2023
31
Net cash (expected onllgenerated from operating
activities (See Note i below)
(7, 106)
(37,405)
Purchase of tangible fixed assets
(1,560)
(454)
Interest received
746
4,076
Net change in cash and cash equlvalents
(7,920)
(33,783)
Cash and cash equivalents at beginning
of the year
31,429
65,212
Cash and cash equivalents at end of the year
23,509
31,429
Note I
(Deficit)Isurplus for the year
(16,654)
{ 14,229)
Depreciation of tanglble fixed assets
349
224
Loss on dlsposal of fixed assets
62
(Ilicrease)/dec￿ase in trade and other debtors
(21)
1759)
{Decrease)/increase in trade and other creditor5
2,913
1,929
Adjustments for investing or financlng activities..
6,991
(20,494)
Interest received
(746)
(4,076)
Cash flow from operatlng activities
17,106)
(37,405)
The notes on Pages 10 - 18 form part of these financial statements.

STEPHEN HUTCHEN'S CHARITY TRUST
Page 10
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD I JANUAIY 2024 TO 31 DECEMBER 2024
PRINCIP
COUNTING P
LICIES
. The Charity is admlnistered by the Trustees, as established by the Trust Deed dated 7 May
1875 and as revised by the Trust Deed dated 7 April 1966 and updated 20 July 20 10.
The Charlty constitutes a public benefit entity as defined by FRS 102.
b. Accounting Convention and Compliance with Accounting Standards,.
The Financial Statements have been prepared In accordance wlth the historical cost
converillon except for investments. In preparing the flnancial statements the Charity
follows best practice as set out in the Financial Reporting Standard applicable in the United
Klngdom and Republic of Ireland (FRS 102) and with the Charities Act 2011.
The presentatic)n currency 15 £ sterling.
Going Concern..
The Trustees consider that there are no material uncertainties about the Charity's ability
to continue as a going concern.
A summar
of the
reim
ortant accountin
is set out below.
d. Turnover..
Turnover represents rents receivable and contributions from residents. It also includes
fund raising income, whlch is recognlsed when Collected by the Charity.
e, Housing Properties..
The Stephen Hutchen's Charlty Properties were acquired in the 18th Century and there is
no record of the original cost. During 1993 and 2006 extensive refurbishment and
extension work was undertaken. The property is shown in the Balance Sheet at the cost of
extensions and improvements, The Trustees have not Dbtained a valuation of the Housing
Properties and land surrounding the Housing Properties, however they consider the market
value and recoverable amount to be significantly In excess of the carrying value in the
accounts and that there is no indication of impairment.
Whilst it IS the policy to depreciate relevant flxed assets, it 15 considered that the freehold
buildings estimated residual value is equal to the net book value and therefore no further
depreclation charge arises.
Asset5 under £100 are not capitalised.
f. Expenditure:
All expenditure is recognised once there is 3 legal or constructive obligatlon to that
expenditure, It is probable that a transfer of economic benefits will be required in
settlement and the amount can be measured reliably. Expenditure 15 accounted for on an
accruals basis.
g. Deferred Income..
Deferred incorne represents amounts received for future perlods and is released to
incoming resources in the period for which it has been received or the performance
conditions Imposed have been met.

TEPHEN HUTCHEN'S
HARIry TRU
Page 11
NOTES TO THE FIPIANCIAL STATEMENTS
CONTINUED
FOR THE PERIOD I JANUARY 2024 TO 31 DECEMBER 2024
I. PRINCIPAL ACCOUNTING POLICIES
CONTINUED
h. Depreciation:
Depreciation is provided at rates calculated to write off the cost less residual value of each
asset over its expected useful life. No depreciation has been charged on buildings in the
vear due to a hlgh resldual value and an indefinite useful economic life.
Depreciation is provided as follows..
Property - Almshouse Deve5opment Not depreciated
Plant and Equipment
IOO/o p.a. stralght line
i. Government Grants - Houslng Grants Received
A Local Authority Grant and a Housing Association Grant (HAG) were obtaineci to reduce
the cost of development of the Housing PropÈrtles. The Grants are repayable under certain
circumstances, primarily following the sale of a property but will normally be restricted to
net proceeds of sale.
The Housing propertles are held at cost in the Balance Sheet. The Trust uses the
performènce model to recognise the grant when received.
j. Capitalisation of Intere5t.'
Interest incurred on capltal expenditure on property improvements 15 charged to income
and expenditure when incurred.
k. Investments
The Nxed asset investments held are re-valued to market value on an annual basis and
market valLJe is also determlned to be equal to fair value. The increase/(decrea5e) in the
value of these assets over their original cost is Shown In the Statement of Comprehensive
Income.
l. Cyclic31 Repalrs and Maintenance..
stephen Hutchen's Charity Trust has established a regular programme of cyclical repalrs
and maintenance,
Costs are to be charged to the provision Cfeated when they are
incurred. An annual provision for cyclical repairs and mainteriance of £350 per Ljnit IS
designated from reserves.
Extraordinary Repairs,.
Costs of Extraordinary Repairs, unless representing improvements to the properties, are
to be charged to the provision creat@d when they are incu rred.
An annual provision for Extraordlnary Repalrs of £150 per unlt is designated from reserves.
n, Restricted Reserve
This represents the endowment fund. The funds were received by the charity.
Additional restricted reserves represent donations received for speaffic purposes. The
expenditure Is then matched against these funds.

STEPHEN HUTCHEN'S CHARITf TRUST
Page 12
NOTES TO THE FINANCIAL STATEMENTS
CONTINUED
THE
ERIOD I IANUARY 2024 TO 31 DECEMBER 2024
o. Pension Costs and Other Post-Retirement Benefit5-
The Charity operates a defined contrlbution penslon scheme which is a pension plan.
Contributions phyable to the Charity's pension scheme are charged to the Statement of
Financial Activities in the period to which they relate.
p. Value Added Tax:
The Stephen Hutchen's Charity Trust is not registered for Value Added Tax. In these
Financial Statemer)ts, where applicable, expenditure is shown incluslve of VAT.
q. Costs for Land Lettings:
Land lettings are not always at market value.
There are no general costs apportioned to this income only direct costs where applicable.
2. COMMIrrEE MEMBERS. FiEMUNERATION AND RELATED PARTY TRANSACTIONS
2023
2023
Expenses reimbursed to Commlttee
Members
Amount owed to Committee Member5 for
expenses at the year end
Less: amount owed to Commlttee Members
for expenses brought fonva rd
326
32
326
32
During the year the Charity made the followlng related party transactions..
MrR
Burton
se of a committee member
Mr Burton carried out repairs works during the year and was pald 3 total of £507 (2023:
£724). No amounts were outstanding at the year end.
One (2023.. one) member was reimbursed postage and stationery expenses.
No remuneration was paid to the Trustees nor any persons connected with them.

STEPHEN HUTCHEN,
HARITh TRUST
Page 13
OTES TO THE FINANCIAL STATEMENTS
CONTINUED
FOR THE PERIOD I JANLIARY 202_4 TO 31 DECEMBER 2024
3. EMPLOYEE INFORMATION
2024
2023
The average monthly number of employees are..
Warden and Ass1Stants
The average number of full time equivalents
(working every day) are..
Warden
One warden is requlred to be available at all times, 24 hours per day.
Staff Costs
Wages and salaries
Pension contributions
24,921
303
18,172
253
25,224
18,425
No employees recelve emoluments exceeding £60,000.
There are no retirement benefits accruing to any members of staff. The warden has on
site accommodation provided that is a requirement of the position.
4.TURNOVE
a) Particulars of turnover, operatlng expenditure and operating Ideficit}Isurplus.
Operating
Ex
enditur
Operating
deficit
sur
lus
Turnover
Year Ended 31 December 2024
Social houslng lettings ( Note b)
Non-social housing activities l Note c)
Land rents
Donations
61,736
(93,867)
132,131)
4,185
408
4,185
408
66,329
{93,867)
127,538)
Year Ended 31 December 2023
Social housing lettlngs (Note b)
Non-social housing activlties (Note c)
Land rents
Donations
54,622
(97,556)
(42,934)
4,135
4,135
58,757
(97,556)
(38,799)

STEPHEN HUTCHEN'S
HARITY TRUST
Page 14
NOTES TO THE FINANCIAL STATEMENTS
CONTINUED
R THE PERIOD I JANUARY 2024 TO 31 DECEMBER 2024
b)
Particulars of Income and expenditLJre from Social Housing Lettings
2024
Supported Houslng
and Housing
for Olde
2023
Supported Housing
nd Housing
for Older Peo
Rent receivable net of identifiable
service charges
Service income (food and general household)
52,340
9,396
44,634
9,988
Turnover from social housing letting5
Management
Servlces
Routine malntenance
Planned maintenance
Depreciation of plant
Loss on dlsposaS of plant
other costs
61,736
54,622
25,224
28,869
10,638
16,131
349
62
12,594
18,425
32,328
10,099
8.000
224
28,480
Operating costs on social housing lettings
(93,867)
197,556)
Operating surplus}{deficit) on social housing lettings
(32,131)
(42,934)
TURNOVER
c) Particulars of turnover from non-social housing activities
2024
2023
Land rents
Donations
4,185
408
4,135
4,593
4,135
5. SUPPORTED HOUSING AND H
ING FOR OLDER PEOPLE
Number of units available at
31 December 2024 and 2023
6. INTEREST RECEIVABLE AND
ILAR INCOME
2024
2023
Bank and Building Society interest
Investment income
Profit on disposal of investment
746
2,129
11,845
1,873
2,203
14,720
4,076

STEPHEN H
TCHEN'S CHARIf¢ TRUST
Page 15
NOTES TO THE FINANCIAL STATEMENTS
CONTINUED
FOR THE PERIOD I JANUAFiY 2024 TO 31 DECEMBER 2024
DEF
IT
SURPLUS ON
DLNARY ACTIVITIES BEFORE TAXATtON
2024
(Deficit)/surplus on Ordinary Activlties
before taxation is stated after charging:
Depreciation Tangible Fixed Assets
Loss on disposal of plant
Accountancy and payroll fees (includi ng VAT)
Independent Examiner's Remuneration
(including VAT)
349
62
5,364
224
4,329
850
775
8. TAXATION
Stephen Hutchen's Charity Trust Is a registered charity and is therefore exempt from Ilabilitv
to taxation on its income and cap1tal gains.
9. TANGI
IXED ASSETS
Plant and
ment
Pro
ert
TOTAL
Cost
At 31 December 2023
Disposal
Additions
549,627
25,042
(2,865)
1,560
574,669
(2,8651
1,560
At 31 December 2024
549,627
23,737
573,364
De
reciation
At 31 December 2023
Disposal
Charge for year
23,697
(2,802)
349
23,697
(2,802)
349
At 31 December 2024
21,244
21,244
Net Book Value
At 31 December 2023
549,627
1,345
550,972
At 31 December 2024
549,627
2,493
552,120
The Trustees consider the market value of the 13nd and properties owned by the Trust to be in
excess of cost.

STEPHEN HUTCHEN,
CHARITY TRUST
Page 16
NOTES TO THE FINANCIAL STATEMENTS
CONTINUED
FOR THE PEFiIOD I JANUARY 2024 TO 31 DECEMBFR 2024
10, INVESTMENT
held to provlde an investment return for the charity
2024
a) Market value brought forward at
at 31 December 2023
205,065
184,571
Cost of disposal
Net (loss)/gain on revaluation
(3,155)
(3,836)
20,494
Market value carried forward at
31 December 2024
198,074
205,065
b) Base Cost.. being Market Value at
31st December 1992
31,410
34,565
11. DEBT
RS AND PREPAYME
recoverable within one year
2024
Electricity owed from residents
Owed from Warden
Rents receivable
Land rents receivable
Prepayments
Interest due
1,636
792
828
958
63
2,250
12
634
2,512
131
4,919
4,897
12. CREDITORS amounts falllng due within one year
2024
2023
Trade Creditors
other Creditors
Accruals and Deferred income
PAYE and Social Securlty
959
4,299
6,318
244
512
2,223
6,172
2024
2023
Deferred Income
Deferred income at l January 2024
ResoL5rces deferred in the period
Amounts released from previous periods
1,157
1,198
{1,157)
1,145
1,157
(1,145)
Deferred income at 31 December 2024
1,198
1,157
Deferred income above consists of rents in advance.

TEPHEN HUTCHEM'S CHAR
TY TFiUST
Page 17
NOTES TO THE FINANCIAL STATEMENTS
NTINUED
FOR THE PERIOD I JANUARY 2024 TO 31 DECEMBER 2024
13.
ERVES
(3) Endowm
nt Reserves
2024
2023
Endowment Fund
brought forward and carried
forward at 31 December 2024
176,310
176,310
(b) Restricted Rese
2024
2023
Brought forward and carried
forward at 31 December 2024
304,962
304,962
(c)
stricted Reserves
2024
2023
Reserve brought forward as at l Januarv
(Deficit) Isurplus made in year
302,184
(16,654)
316,413
(14,229)
Carried forward
285,530
302,184
esi
nated Reserves
Cyclical
Maintenance
Fund
Extraordinary
Repair
Fun
Total
Reserve brought forward
as at 31 December 2023
Provided in the year
Spent in yea r
20,198
2,800
(10,609)
13,280
1,200
(5,523)
33,478
4,000
(16,132)
As at 31 December 2024
12,389
8,957
21,346
Transfer to Desi
nated Reserves
2023
Cyclical Mdintenance Fund
Reserve for the year
2,800
2,800
2,800
2,800
Extraordinary Repair Fund
Reserve for the year
1,200
1,200
4,000
4,000

STEPHE
HEN'S CHARIT¥ TRUST
Page 18
NOTES T
THE FINANCIAL
TATEMENTS
CONTINUED
FOR THE PERIOD I JANUARY 2024 TO 31 DECEMBE
14. CAPITAL COMMI
ENTS
Amounts contracted for but not provlded in the financlal statements amounted to £n11k
(2023: £nil).
15. POST BALANCE SHEET EVENT
There have been no reportable events since the Balance Sheet date.
16. ESTABLISHMENT OF C
The Stephen Hutchen's Charity Trust is governed by a Trust Deed and Is a Registered
Charity.
17. CO
TROLLING PAR
The Stephen Hutchen's Charity Trust is controlled by the Trustees.