CHARITY REGISTRATION NUMBER: 20J021
THE STOCKTON ALMSHOUSES
Unaudited Financial Statements
31 December 2023
DIANA MILLER FCA
Chartered accountants
3 Newopaul Way
Warminster
Wiltshire
BA12 8RY
OB
NSON MILLER

THE STOCKTON ALMSHOUSES
Financial Statements
Year ended 31 December 2023
Page
Trustees, annual report
Independent examine.r's report lo the trustees
Statement of financial activities
Statement of financial position
Notes to the financial slalemenls
10

THE STOCKTON ALMSHOUSES
Trustees. Annual Report
Year ended 31 December 2023
The Iruslees present Iheir report and the unaudited financial slalemenls of the charity for Ihe year
ended 31 December 2023.
Reference and administratlve details
Registered charity name
THE STOCKTON ALMSHOUSES
Charity regislration number
205021
Principal office
Longhall
Slocklon
Warmiiisler
Willshire
8A12 OSE
The trustees
Mr M Steel
Mr S James
Mr Plows
Mr Ashton
Mr Cook
Ms T Rickerby
(Appointed 19 March 20241
(Appointed 19 March 20241
(Resigned 31 December 2023)
(Resigned 16 February 20241
Independent examiner
Diana Miller Robinson Miller
3 Newopaul Way
Warminsler
Willshire
BA12 8RY

THE STOCKTON ALMSHOUSES
Trustees. Annual Report Iconlintied)
Year ended 31 Decernber 2023
stru¢ture, governance and management
Details of the Governing Document
The Tru51 Depd founded by the will of John Topping the Flder proved in 1641.
The Charity is r￿iStere[S with the Charily Commission No. 2115021.
Organisalion
Trustees
The body ol Trustees shall consist of",
Two Ex-officio Trustees and
Three Co-operalive Trustees
The Ex-officio Trustees are.,
The Rector of the Parish of st.mary the Virgin and St Peter, Codlord.
The Rector of the Parish of Sl.John the Baplisl, Slocklon.
The following Iruslees havts served during the year.,
Co-opled-appoinled 27th September 2022
Co-opled-resigned 16th February 2024
Co-opted- resigned 31 sl December 2023
Co-opted -appointed 19th March 2024
Co-opted -appointed 19th March 2024
Ex-officio
T Rickerby (Chairman)
-PCook
D J Ashton
M Steel
- S James
J Plows
All new Iruslees are provided with Charities Commission guidance on being a Iruslee and go through
an induction process.
Activity
The Charity continues lo provide low-cost housing for the elderly of limited means.
Reserves
{al Restricted Funds
The W.T.Topp fund is restricted with the income from the capital invested lo be distributed annually lo
the residents of the Almshouses. The Emilie Gay fund is reslricled with the income from the capital
also being invested lo be distributed eoually between the residents of the Almshouses. In the accounts
the re51rieled incorne is then effectively donated lo the ocoupanls of the Almshouses, this is shown as
an inGrease in the income contributions from residenls and an expense showing as a donation lo the
residents.

THE STOCKTON ALMSHOUSES
Trustees. AnnLAal Report (Gonliniiod)
Year ended 31 December 2023
Ibl Unrestri¢ted Funds
These are held in furtherance of the Charills objectives al the discretion of the Triislees. Annual
investments are made in respect ol extraordinary repairs, Gyclity¢il maintenance obligations and roiiline
rviainlen2nce budgel in accordance with the invpslmenls policy published by the Almshouse
AssJcialion.
History and Background
The land on whic.h the Alrnshouses are silualed arp 1.88 acres in the villaoe of Slocklon, Willshire. 11
has a Ironlage of 200 reel onlo Almshouse Road wilh the building known as Slocklon Almshouse5
logelher with the <l(lj(iiiiirig orLhai-d.
The Cliarily was founded by John Topp The Elder in 1641 who was a resicsenl in Slocklon House. a
Grade fj listed counlry house in the village. The Almshouses were built in 1657 by the Topp family. 'fhe
Iwo-slorey dwellings are built in rubble slonp with bands of dressed limestone, and wings added in
1714 provide.d Iwo more dwellings. There are now A total of six dwellings which are grade11 listed.
Rlsk Management Assessment
All major risks lo which the Charity is exposed are reviewed by the Trustees and systems established
lo miligale Ihose risks.
Reserves Poll¢y
The Trustee's primary objective is to provide appropriate resources lo enable the Charity's
beneficiaries lo be well cared for and supported in the CiTcumslances in which they find themselves.
The Board has established, by way of a transfer from the Unrestricted Fund in line with the guidance
from the Almshouse Association £13,86612022 £13.8661 (which can be broken down lo.. £3,684
12022 £3,684) lo the Exlraordinary Repair Fund. £6,024 {2022 £6,024) lo the Cyclical Maintenance
Fund and £4,158 12022 £4,158) lo the Routine Maintenance Fund, Designated Funds lo provide for
future repairs and maintenance in the following funds..
£8,499 {£22,038 - 20221 in the Extraordinary Repair Fund
£53,9101£46,977 - 20221 in tho Cy¢li¢al maintenan￿ Fund
£6.043 {£7,558 - 20221 in the Routine Maintenance Fund
The Extraordinary Repair Fund has reduced in the year due lo the finalisalion of oosl relating lo the
inslallalion of secoridary double glazing in the year 2nd replaoemenl of limber doors, lo assisl the
residents in keeping warm and secure over the winter months.
The Charity has a regular income stream from the weekly management charges and monthly field rent.
11 is the Trustees view that al least one month of normal expenditurè should be maintained in readily
available cash reserves. This should amount to no less than £10.000. being the maximum expected
expenditure in any one month.
Investment Poll¢y
The Board continues to invest The Slocklon Almshouses Capital and designated funds in a balance of
Cash, equity and property funds. No changes were made in the investment holdings during the year.
The Trustees periodically review the inve51menls lo ensure they meet with the Charllles

THE STOCKTON ALMSHOUSES
Trustees, Annual Report Icofitiniiedl
Year ended 31 December 2023
objeclives. A full review of the Charibes Investments took place in 2021 to ensure the lunds were
invested in Ihe best way lo support the Charilies objeclives as well as ensuring the inveslmenls are
made in an ethical and sustainable way. Some inveslmenls were sold and re-invested as parl of the
reslruclure, fi)Ilowing the revicw in 2022.
The inveslmp.nls have increa%&d in value during 2023, recove.ring %umewhal from the general
downturn in the financial mcirk&l8 durino 2022. The charity does not anli(.'iPdte the need lo rea1ise any
reduclions in Ihe shori to mediiim term and, consequently. will keep Ihp i)orllolio under review willi the
assislance of the chartei.ed Findnci21 Planners retained lo advise Ilie org<iiiisalion.
Trustèes. Responsibilities Statement
The Iru8lpe is responsihle for preparing the Trustee. Report and Ihe financial slalemenls in accordance
with applicable laws and regulations.
Charity law requires the I'ruslee lo prepare finanLial slalemen15 for each financial year. Under charily
law the Trustee musl nol approve the linaiiGl<il slalemenls unless they are satisfied Ihal they give a
true and fair view of the stale ol affairs ol the ¢harily and of the incominq resources and application of
resources, including the income and expenditure,of the charity for Ihal period. In preparing these
financial %lalemenls, the Trustee is required lo..
select suitable accounting policies and then apply them ¢onsislenlly',
observe the methods and principles in the Charities SORP.,
make judgements and eslimales that are reasonable and prudent.,
slate whether applicable UK Accounting Standards have been followed", and
prepare the financial slalemenls on the going concern basis unless it is inappropriate lo presume that
the charity will continue in business.
The Trustee is responsible for keeping adequate accounting records that are sufficient lo show and
explain Ihe charills transactions and disclose with reasonable accuracy al any lime the finanoi81
position of the charity and enable them lo ensure Ihal the financial slalemenls Comply with the
Charities Act 2011 and Charity Accounting and Reporting regulations 2008. They are also responsible
for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and
detection of fraud and other irregularities.
The Trustee is responsible for the maintenance and inlegrily of the charity and financial informalion
included on the charily's website in accordance with legislalion in the United Kingdom governing Ihe
preparation and dissemination of the financial slalemenls.

THE STOCKTON ALMSHOUSES
Trustees, Annual Report Iconrsnued)
Year ended 31 December 2023
Objectives and activities
Objectives
To provide low-cosl housing lor the eldgrly of limited mcans.
Activity
The Gharily continues lo provide low-cosl housing lor the elderly of limited means.
l-he Trust Deed SIipLJldles that the Almspeople musl be a needy person and miisl be not less Ihan 60
years of age and of go()d Lharaclcr who may be 8 married persons residing in the Parishes of Codlord
and Slo¢klon and subjeLI Iherelo the county of Wiltshire, in order lo be eligible fur residii)g in the
dwcllings.
Almspeople are required lo conlribule 8 weekly sum towards the cosl of maintaining the Almshouses
and services therein.
Achievements and performance
Public Benefit
The Trustees have reviewed the Charities Commission's guidance on the requirement lo report on
public benefil. The Board is satisfied that the work of The Stockton Almshouses, in accordance with ils
slated objectives provide5 18ngible public benefit lo a wide section of those who reside within The
Stockton Almshouses's areas ol benefit". the criteria used lo assess those who may benefit are not
unreasonably reslriclive.
Flnancial review
Finances
The accounts are produced under the Stalemelll of Recommended Praclice for charities. The attached
financial statements show the ¢urrénl slate of finan¢es which the Trustees consider sound.
PSans for future periods
Our plans on objectives for the year ahead are to..
Ensure we remain al full o¢¢upalion
To keep up the maintenance schedule and update the 5 year plan.
To continue lo maintain Ihe welfare and salislaclion of the residents.
To continue lo review all policies and pmcedures.
To ensure investment review recommendation are carried out.
To undertake work lo improve energy efficiency lo assist with rising costs of living.

THE STOCKTON ALMSHOUSES
Trustees, Annual Report (contlnutr£ll
Year ended 31 December 2023
The IrLislees' annual report was approved on 10 June 2024 and signed on hehalf ol the board of
trustees by..
Ms T Rickerby
Trustee

THE STOCKTON ALMSHOUSES
Independent Examiner's Report to the Trustees of THE STOCKTON
ALMSHOUSES
Year ended 31 December 2023
report lo the Iruslees on my examination of the financial slatemenls of THE s'focKTON
ALMSHOUSES I'lhe eharilll lor the year ended 31 December 2023.
Respoiisibilities and basis of report
As the Iruslees of Ilie charity you are responsible for the preparaliun ol the financial slalem&nls in
accoi'dance with the requirements ol the Charilies Acl 20111'lhe AGI'I.
I I"eporl in respect ol my examination of the charity's linEJnCil¢ I statertienls carried out under section 14.
ol the 2011 Atyl and in carr5ring out my examination I have followed all the applicable DireGlionb giver)
by the Charily Commission Linder seclion 14515llbl of the AGI.
Independent examiner's statement
I have Completed my examination. I confirm that no material mallers have come lo my all&nlion in
oonnecli(In wilh Ihe examination giving me cause lo believe Ihal in any material respect".
accounting records were not kept in respect of the charity as required by section 130 of the
Act., or
the financial slalements do not accord with those records.. or
the finan¢ia5 slatemenls do not comply wlh the applicable requirements concerning the form
and conlenl of a¢counls sel out in the Charities (Accounts and Reports) Regulations 2008
other than any requirement that the accounts give a 'lrue and f<iirf view which is not a maller
considered as part of an independent examination.
I have no concerns and have come across no other mallers in Connection with the examination lo
which allenlion should be drawn in this report in order lo enable a proper understanding of the
accounts lo be reached.
Diana Miller
Robinson Miller
Independent Examiner
3 Newopaul Way
Warminster
Willshire
BA12 8RY
l O June 2024

THE STOCKTON ALMSHOUSES
statement of Financial Activities
Year ended 31 December 2023
2023
Restricted
funds Total funds
2022
Unreslricled
funds
Total funds
Note
Income and endowments
Charitable activities
Investment income
32,012
4,148
32,012
4,791
31,564
3,179
642
Total income
36.160
642
34.743
Expenditure
Expeiidilure on raising lunds..
Costs of raising donalions and
legacies
Investment management costs
Expe.ndilure on charitabl& activities
Total expenditurè
620
22
620
362
37,096
612
321
27,577
339
37,096
37,435
642
38.078
28,510
Net gainslllossesl on investments
10
6,472
1,894
8,366
18,853)
Net incomel{expenditurel
5,197
1.894
7.091
12.6201
Other recognised gains and losses
Other gainslllossesk Emilie Gay Fund
Other gainslllossesl- W T Topp Fund
Net movement in funds
{2,3991
13891
15,4081
5,197
1,894
7,091
Reconciliation of funds
Tolal funds brought forward
Total funds carried forward
239.316
21.250
260,566
265,974
244,513
23.144
267,657
260,566
The slalemenl of financial activitiès includes all gains and losses recognised in the year.
All income and expenditure derive from continuing aclivilies.
The notes on pages 10 to 22 form part of these financial statements.

THE STOCKTON ALMSHOUSES
statement of Financial Position
31 December 2023
2023
2022
Note
Fixed assets
Taiigible fixed assets
Heritage &Jssets
Investments
540
636
16
17
149,083
149,623
138,710
139,347
Current assets
Stock%
Debtors
Cash al bank and in hand
18
19
900
1.410
118.410
532
6,938
127.216
120,720
134,686
Creditors: amounts falling due within one year
Net current assets
20
2,686
13,467
118,034
121,219
Total assets less current Ilabilities
267,657
267.657
260,566
260.566
Net assets
Funds of the charity
Rpslricled funds
(Inrestricled funds
23,144
244,513
21,250
239,316
Total charity funds
21
267.657
280,566
These financial slalemenls were approved by the board of trustees and aulhorised for issue on 10
June 2024, and are signed on behalf of the board by..
Ms T Rickerby
Trustee
The notes on pages 10 to 22 form part of these financTal statements.

THE STOCKTON ALMSHOUSES
Notes to the Financial Statements
Year ended 31 December 2023
General information
The ¢harily is a public benefil enlily and a registered charity in England and Wales and is
uninci)rporaled. The address of the principal Offi￿ is Lnngl)all, SIoGklnn, Warminslei., Willshire.
BA12 OSE.
Statement of compliance
These financial statements have been prepare(5 in compliance with FRS 10?, 'The Financial
Reporting Slanddrd applicable in the UK and the Republic of Ireland,, Ihe Statement of
Recommended PraLlice applicable lo chdrilies preparing Ilieir accounls in accord¢iiice with the
inancial Reportiiig Slandard applicable in the Ul< and Republic ol Ireland IFRS 1021 Icharilitss
SORP {FRS 10211 and the Charities Act 2011.
Accounting policies
Vallie added tax
The Charity is not registered lor Value Added Tax IVATI and is therefore not recoverable by Ihe
charily and expenditure is shown in the a¢¢ounts inclusive of VAT.
Basi5 of preparatlon
The financial slalemenls are being prepared on a going concern basis, under the hislarical cost
convention as modified by the revaluation of certain fixed assets. The financial slalements are
prepared in Sterling which is the functional currency ol the entity. Monetary amounts are rounded
lo the nearest pound.
The financial slalemenls have been prepared in accordance with Accounlino and Reporting by
Charities.. Slalemenl of Recommended Practice applicable lo charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
IFRS102lleffe¢iive 1 January 20151 Icharilies SORP IFRS102), the Financial Reporting
Standard applicable in the UK and Republic of Ireland {FRS10218nd the Charilies Act 20112nd
UK Generdlly Accepted Accounting Practice.
The Stockton Almshouses Charity meels Ihe definition of public benefit entity under FRS 102.
Going concern
There are no material un¢ertainlies about the charitls ability lo ¢onlinLte.
Disclosure exemptions
The entity salisfias the criteria of being a qualifying entity as defined in FRS 102. As such,
advantage has been taken of the following disclosure exemptions available under paragraph 1.12
of FRS 102..
lal No cash flow slalement has been presented for the company.
Ib} Disclosures in respect of financial instruments have not been presented.
io

THE STOCKTON ALMSHOUSES
Notes to the Financial Statements (¢oFylifriued)
Year ended 31 December 2023
Accounting policies Iconfinuedl
Judgements and key sources of estimation uiicertainty
The pi"eparalion ol the financial slalemenls requires managpmenl lo mal<e judgernenls,
estimates and assumptions Ihal alfecl the <)mounls I"eporLed. These estimates dnd judgements
ale conlinijally reviewed and are based on &xperieiice aiid olhor factors, including expectalioiis of
future events th21 are believed lo be ieasoncjble under the circunislanees.
Fund accounting
UnreslriGled funds are avdilable for use at the discretion ol Ihe Iruslees lo lurll)er any of the
charity's purposes.
Design<iled fund5 are unreslricled funds earmarked by the trustees for partirular future projecl or
commilfnenl.
Reslricled funds are subjected lo reslriclions on their expenditure declared by the donor or
through the lerrns ol an appeal, and fall into one of Iwo sub-classes.. reslricled income funds or
endowment funds.
Incoming resources
All incoming resources are included in the slalemenl of financi81 activities when enlillemenl has
passed lo the charity., it is probable that the economi¢ benefits associated with the Ir8n5action will
flow lo the charity and the arnounl can be reliably measured. Th& following specific policies are
applied lo particular categories of income..
income from donations or grants is recognised when ihere is evidence of enli11emenl lo the
gift, receipt is probable and ils amount can be measured reliably.
legacy income is recognised when receipt is probable and enlillemenl is established.
incom6 from donated goods is me8sured al the fair value of the goods unless this Is
impractical lo measure reliably, in which case the value is derived from the ¢osl lo the donor
or the eslimated resale value. Donated facilities and services are recognised in the accounts
when received if the Vdlue Can be reliably measured. No amounts are included for the
conlribulion of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the
contracted servi￿. This is classified as unreslricled funds unless there is a conlraclual
requirement for il lo be spent on a particular purpose and relLJrned if unspent. in which case
Il may be regarded as reslricled.
11

THE STOCKTON ALMSHOUSES
Notes to the Financial Statements (¢oiilinuedl
Year ended 31 December 2023
AGGounting policiÈs fcontinued}
Resources expended
Expenditure is recognised i)n an accrLl8ls basis as a liability 1% incuri'ed. Expenditure incliides dny
VAT whii-h cannot be Iijlly recovered, and is classiliecl under headings ol the slalemenl of
linaiicial activities lo wlii¢h il relates-.
expendiluie on raising funds in¢ludes the costs uf dll fundraising a¢livilies, events. non-
¢harit8ble Irading aclivilies, and Ihe sale of donated goi)ds.
expenditure on charitable a¢livilies includes all ¢osls incurred by a charily in underiaking
activities Ihal lurllier ils charilable aims lor Ilip bEnelil ol ils beneficiaries, IllGluding those
support cosls and costs relating lo the governance of the charily apportioned lo charitable
aclivilies.
other expendilure includes all expenditure Ihal is neither relaled lo raisin9 lunds for the
charity nor part of ils expenditure on charitable aclivilies.
All costs ale (Illocaled lo expenditure categories reflecting the use of the resource. Direct costs
allribulable lo a single activity are allocated directly lo that aclivily. Shared costs are apportioned
between the activities they Contribute lo on a reasonable. justifiable and consislenl basis.
Tangible assets
Tangible assets are initially recorded al cost, and subsequently slated al cost less any
accumulated depreGialion and impairment losses. Any langible assels Carried al revalued
amounts are recorded al the fair value al the dale of revaluation less any subsequent
accumulated depreciation and subsequent accumulaled impairment losses.
An increase in Ihe carrying amount ol an asset as a result of a revaluation, is recognised in olher
reoognised gains and losses, unless il reverses a charge for impairment that has previously been
recognised as expenditure within the statement of financial aclivilies. A decreasg in Ihe carrying
amount of an asset as a result of revaluation. is recognised in other recognised gains and losses,
except to which il offsets any previous revaluation gain, in whiGh case the loss is shown within
other recognised gains and losses on the statement of financial aclivilies.
Depreciation
Deprecialion is calculated so as lo write off Ihe cost or valuation of an asset, less its residual
value, over the useful economic life of Ihal asset as follows..
Fixtures and fillings
Mains Water Connection
fj5Q/o reducing balance
15.kn reducing balance

THE STOCKTON ALMSHOUSES
Notes to the Financial Statements (conlinued)
Year ended 31 December 2023
Accounting policies Iconflnuedl
Heritage assets
The Alm%houses were built in 1657 and, uridei" the Srheme eslablislied by Ihe Charity
Commissioners on 31st aclobor 1977, Ihey c.tiri only he used lor the residence of almspeople.
They are. Iherefore, inalienablo. The Truslep% consicler il inappropriate lo capilalisp huildiiig.s al
cost, which is unknown, or al tnarkel value. ds Iliere is none. As Ihe irilorinalion on Ilie eosl or
value of the Almshouses is not availablp and cannot be obtained al a cn81 which is
commensijrale with the benefits lo useis ol the linancidl slalemenls, the asset shall be
recoqnised in the slaleinenl of financial posiliofl al a nominal £1
Under Ihe Charity C&ufTimissioners Schetne the TrLislep.8 are obligod to insure the properly al its
full value againsl lire and other usual risks. As al 31 December 2020 the Alrnsl)ouses and
contents belonging lo the Trusl&es were insured for £1,3Q6,26312022 - £1,306.263).
Investments
Unlisted equity investments are initially recorded al Cost, and sub%equenlly measured al f<iir
value. If fair value Cannot be reliably measured, assels are measured al cost less impairment.
Listed Investmen￿ are measured al fair value with changes in fair value being recognised in
income or expenditure.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded al cost
less any acGumulaled impairment losses.
Investments in assotiiales accounted lor in accordance with the lair value model are initially
recorded at the transaction price. Al each reporting dale, the investments are measured al fair
value. with changes in fair value taken through incomÈ or expenditure. Where il is impracticable
lo measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other dislribulions received from the investment are recognised as incorlle wilhoul
regard lo whether the distributions are from accumulated profits of the associate arising before or
after the dale of a¢quisilion.
Investments in joint v8ntures
Investments in jointly controlled enlilies accounted for in accordance with the cost model are
recorded al cost less any accumulaled impairment losses.
Investments in jointly controlled enlilies accounted for in accordance with the lair valu8 model are
initially recorded al the transaction price. Al each reporting dale, the inveslmenls are measured al
fair value. with changes in fair value laken through income or expenditure. Where il is
impracticable to measure fair value reliably without undue cost or effort, Ihe cost model will be
adopted.
Dividends and other distributions received from the inveslmenl are recognised as income without
regard lo whether the dislribulions are from accumulated profits of the joint venture arising before
or afler the csate of acquisition.
13

THE STOCKTON ALMSHOUSES
Notes to the Financial Statements (Gonlinued)
Year ended 31 December 2023
Accounting policie5 (eonliiiuedl
Impairment of fixed assels
A review for indicaloi's ol imp1ii.menl is carried out al each repoi'ling dale, with Ihv. recoverable
amount being eslimaled whei'tt sucli indicators exist. Whei'e the cari'ying valiie fxLeeds the
recoverdble amount, the asset is impaired accordingly. Prior impairments are 1r Iso reviewed lor
possible reversal al each reporting dale.
Foi 11)e purposes of impaii"ttient lesling, when il is not possible lo eslimalp the recoverable
amount of an individLial 3ssel, an eslimale is made ol the recoverable amounl ol the cash-
generating unil lo whicli Ihp asset belongs. The cash-generalinq unil is the smallest idenliliable
group ol assets that inrlijdets Ilie asset and genorales cash inflows Ihal largely iiidependent of the
cash inflows from other <i%sels or groups ol assets.
For impairment lesling of goodwill. the goodwill ar,qiiired in a business combinalion is, from the
acqiiisition dale, allocated lo each of the cash-generaling units that ai"e expected lo benefit Irom
the synerqies of the combination, irrespective ol whether other assets or liabilities of the charity
are assigned lo those units.
stocks
stocks are measured at the lower of cost and estimated selling price less costs lo completé and
sell. Cost includes all costs ol purchase, costs of conversion and other costs incurred in bringing
the stock lo ils present location and Gondilion.
Financial instruments
A financial asset or a financial liabilily is recognised only when the charity becomes a party lo the
conlraGlual provisions of the instrument.
Basic financial instruments are ini11211y recogniséd at the amount receivable or payable including
any related transaction costs.
Current assets and Current liabilities are subsequently measured al the cash or other
consideration expected lo be paid or received and not discounted.
Debt instruments are subsequently measured al amortised cost.
Where investments in shares are publicly traded or their fair value Can otherwise be measured
reliably, the investment is subsequently measured al fair value with changes in fair value
recognised in income and expenditure. All other such investments are subsequently measured at
cost less impairment.
Other financial inslrumenls, including derivatives. are initially recognised at fair value, unless
payment for an asset is deferred beyond normal business lemis or financed al a rale of interest
Ihal is not a market rate, in which case the asset is tneasured al the present value of the future
payments discounted al a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured al fair value, with any changes
recognised in the slal@ment of financial activities, with the exception of hedging instruments in 8
designated hedging relationship.
14

THE STOCKTON ALMSHOUSES
Notes to the Financial Statements (Gontlnued)
Year ended 31 December 2023
AcGoiinting policies (Gonllnued)
Financial instruments Icontiiiuedl
Financial assets IhAI are measured al c051111' Amorlised cost are revipwed for obj?.r.live evid&nce
of impairrnenl al Ilie pnd ol e8oh reporting ddte. If Ihere 1% objective vvidence ol iinpdii'menl, 8n
impairillenl loss is I'ecognised under the dppropriale heading in the slalemenl ol financial
activities in which the inilial gain was recogni%ed.
For all equity instruments regardless of significance, and other financial ¢J4sels that are
individually signili¢<iril, Iheso are assessed individually far impairmenl. Other linariLial assets are
either ossessed individually or grouped on the basis of similar credit risk characle.rislics.
Any reversals of impairment are recoqnised immedicilely, lo the exlenl that Ilie reversal drJp.s not
result in a carrying amount lll Ihp f1nancial asset that exceeds what the carrying amount wauld
have been had the impairmenl not previously been recognised.
Charitable activities
Unrestricted Total Funds Unreslricled Toial Funds
Funds
2023
Funds
2022
Contributions from residents
Contributions from field rent
31,532
480
31,532
480
31,084
480
31,084
480
32,012
32,012
31,564
31,564
lllvestment income
Unreslricled
Funds
Reslricled Total Funds
Funds
2023
Income from listed investments
Bank interest receivable
2.531
1.617
642
3,174
1,617
4,791
4,148
642
Unrestricted
Funds
Reslricled Total Funds
Funds
2022
Income from listed investments
Bank interest receivable
2,224
343
612
2,836
343
2,567
612
3,179
Costs of raising donations and legacies
Reslricled Total Funds
Funds
2023
Reslricted Total Funds
Funds
2022
Costs of raising donations and legacies
Donations
620
620
612
612
15

THE STOCKTON ALMSHOUSES
Notes to the Financial Statements IcoFylii?ued)
Year ended 31 December 2023
Investment management costs
Unreslricled
Funds
Reslri¢led Total Funds
Fiinds
2023
Portfolio manageinenl
339
22
362
Unreslricled
Funds
Reslricled Total Funds
202.2
Portlolio management
301
20
321
Expendlture on charitable acllvllles by fund type
Unreslriclpd Total Funds Unreslricled Total Funds
2023
Fund5
2022
Charitable Activilies-Provision ol
Almshouses
Support costs
35,406
1,69a
35,406
1,690
25,152
2,425
25,152
2,425
37,096
37,096
27,577
27,577
Expenditure on charitable activities by activity type
Activities
undertaken
directly Support Cosis
Total funds
2023
Total fund
2022
Charitable Aclivilies-Provision of
Almshouses
Governance cosls
35.406
35.406
1.690
25,152
2,425
1,690
35.406
1,690
37,096
27,577
10. Net gainslllossesl on investments
Unreslricled
Funds
Reslricled Total Funds
Funcss
2023
Gainslllossesl on listed investments
6,472
1,894
8,366
Unreslricled
Funds
Reslricled Total Funds
Funds
2022
Gainslllossesl on listed investments
18,8531
18,8531
16

THE STOCKTON ALMSHOUSES
Notes to the Financial Statements Icoi?litJued)
Year ended 31 December 2023
11. Net incomellexpenditurèl
Nel incomellexpendilurel is slated aller chargingllcredilingl..
2023
Deprecialion ol tangible fixed a5sels
96
112
12. Independent examination fee5
2023
2022
Fees payable lo the independent examiner for..
Independent examinaliun ol the financial slalemenls
1,250
1,200
13. Staff costs
The average head count of ernployees during the year was Nil12022'. Nill.
No employee received employee benefits of more than £60.000 during the year12022.. Nill.
14. Trustee remuneration and expensès
Trustee Remuneration
No remuneration or other benefits from 8mploymenl with the charity or a related enlily w&re
received by the Iruslees.
15. Tangible fixed assets
Fixtures and Mains Water
Connection
Total
Cost
At 1 JanLsary 2023 and 31 December 2023
Depreciation
Al 1 January 2023
Charge for the year
At 31 December 2023
5.196
7.112
12,308
5,034
25
6,638
71
11,672
96
5,059
6,709
11,768
Carrying amount
At 31 December 2023
137
403
540
At 31 December 2022
162
474
636
16. Heritage assets
The building known as The Alrnshouse, Slocklon, Warminsler. Willshire, BA12 OSH. Can only be
used as almshouses for the accomodalion of residents in furtherance of the Charity's objects.
This freehold property was constructed in 1657 and whilst il is currently being used as an
almshouse, il is a grade I, listed and therefore h&$ heritage qualities.

THE STOCKTON ALMSHOUSES
Notes to tlie Financial Statements (coiilinued)
Year ended 31 December 2023
16. Heritage assets (coitllnued)
Stockton
Almshouses
Cost or valuation
At l January 2023 and 31 December 2023
AccLimulaled depreciation
At l January 2023 and 31 December 2023
Carrying amount
At 31 December 2023
Al 31 De￿mber 2022
The Iruslees regard il as a heritage asset wilhin the scope ol paragraph 18.11 of the Charities
SORP. The building which has a nominal hisloric cost of £1 coiisisls of 6 self contained
residential units. The asset is not depreciated FRS102 as il 1% deemed lo have an indefinite
lifespan. 11 is the Charills piacliGe to maintain this a5sel in a continual slate of sound repair and
lo make improvements Iherelo from lime lo time and ac,cordingly the Trustees consider that Ihe
value is not impaired by the passage of lime.
17. Investments
Cash or cash
Listed
equivalents investments
Total
Cost or valuation
Al 1 January 2023
Additions
Fair value movements
34,994
1,534
103,716
486
8,352
138,710
2,020
8,352
At 31 DècÈmber 2023
36.528
112,554
149,082
Impairment
At 1 January 2023 and 31 December 2023
Carrying amount
At 31 December 2023
36,528
112,554
103.716
149,082
At 31 December 2022
34,994
fj38.710
Al investments shown above are held al valuation.
18

THE STOCKTON ALMSHOUSES
Notes to the Financial Statements Iconliiiuedl
Year ended 31 December 2023
17. Invèstments (conlii?uedl
Flnancial assets held at fair value
Inveslmpnls are a form of a basic lin<incial inslruinenl and ai"e initially rec.ognised al Iheir
Iransaclinn Vdlue and subsequently me¢lSUI'ed al their f¢?ir value al the balance sheet date using
Ihe quolpd market price. The slalemp.nl of Financial ALlivilies Inrlude% those LJnreali%pd gaiiis
and losses Ai'isiiig fi.om Ilie revaluation <if Ihe invoslmenl porifolio during the year and does not
dislingiiish belweeii the value adjusliTienls relating lo the sales and those relaling lo Ihe
conliniied htsl(5ings as they are logpllivr Irealed as Glianqes in the value ol the investment
portfolio. Investment income is accoiinled lor on a receivable basis.
The. Inveslinenls are all held in charily specific managed funds which are lislecl on the UK Stock
Exchange.
18. Stocks
2023
2022
Raw malerials and consumables
900
532
19. Debtors
2023
2022
Trade debtors
Prepayments and accrued income
Other debtors
440
970
440
793
5,705
1.410
6.938
20. Creditors.. amounts falllng due within one year
2023
2022
Trade creditors
Accruals and deferred income
186
13.281
2,686
2,686
13.467
19

THE STOCKTON ALMSHOUSES
Notes to the Financial Statements (Gonlinu*(11
Year ended 31 December 2023
21. Analysis of charitable fund5
Unrestricted funds
Al
1 Jan 2023
Gains ancs
At
losses 31 Dec 2023
Incoine Expenditure
Transfers
Geiiercll funds
Desioiialcd Fund
Exlraordinary
Repair Fund
Designated Fund
Cyclical
Maintenan
Fund
Designated Fund
-Rouline
Maintenan
Fund
162,743
14,618
112,4551 11 J,8661
176,061
22,038
634
119,3081
3,684
1,451
8,499
46,977
908
6.024
53.909
7,558
15,6721
137,4351
4,158
6,044
239,316
36,160
6,472
244,513
Al
1 Jan 2022
Gains and
Al
losses 31 Dec 2022
Income Expendilure
Transfers
General funds
Designated Fund
Extraordinary
Repair Fund
Designated Fund
Cyclical
Maintenance
Fund
Designated Fund
-Rouline
Maintenance
Fund
164,111
33.421
114.3031 {13,866)
16,620)
162,743
32.089
510
112,0121
3,684
12,2331
22,038
40,753
200
6,024
46,977
4,963
241,916
11,563)
127,8781
4,158
7,558
239,316
34.131
18,8531
20

THE STOCKTON ALMSHOUSES
Notes to the Financial Statements {¢onliiJuedJ
Year ended 31 December 2023
21. Analysis of charitable funds (GonlNNiuedJ
Restricted funds
Al
1 ,lan 2023
Gains and
At
losses 31 Dec 2023
Iiicome Expendiliire
Transfers
The Eniilie Gay
l-.und
The W T Topp
Fund
18,262
544
15441
1,704
19,966
2,988
98
1981
16421
190
3,178
21,250
642
1.894
23,144
Al
1 Jan 2022
Gain5 and
Al
losses 31 Dec 2022
Income Expenditure
Transfers
The Emilie Gay
Fund
The W T Topp
Fund
2a,661
546
15461
12,3991
18.262
3,397
66
1861
16321
13891
12,7881
2.988
24,058
612
21.250
The Emilie Gay Fund . RESTRICTED
Under the will of Miss Emilie Cjay, who died on 30th November 1920, and a scheme established
by the Charity Commissioners on glh September 1921, the Ttuslees of Stockton Almshouses
hold investments upon trust lo divide the income equally between the occupants of the
Almshouses. The investments held throughout the year were as lollows.'_
1005 COIF Income Shares..
Cost -
£2,948.00
Market Value.. 2023 - £19,94412022 - £18,240)
Nel income receivable in the year wa5 £5461£545 - 20221. This was used lo defray the costs of
the occupants of the Almshouses.
The W T Topp Fund - RESTRICTED
Under the will ol William Thomas Topp, who died on 5th January 1987, a legacy of £1.000 was
left lo the Trustees upon trust lo distribute the income annually lo the residents of the
Almshouses.
The invéstments held throughout the year were as follows:_
478.011 units in Charishare Common Investment Fund with a cost of £1,000 and 2 market value
of £3,419 al 31 December 2021 wer& sold and reinvested in the year. The costs and valuations of
the revised holdings al 31 st December 2023 were as follows:_
Cosl- £3,375-12022..£3,3751
Market Value 2023 - £3,20012022- £3.0101
Nel income receivable in the year was £741£66 20221, which was used lo defray the residents
costs.
21

THE STOCKTON ALMSHOUSES
Notes to the Financial Statements IcoiiEiFI(iedl
Year ended 31 December 2023
22. Analysis of net assets between funds
Unreslricled
Funds
ReslriGled Total Funds
Funds
2023
Tangible fixed assets
Hei'il¢Jge assets
Invv%liYienls
Ciirreiil assets
Cre(lilurs less than 1 year
Net assets
540
12r) 938
12Q,fi98
12,6641
244,513
23,144
22
1221
23,144
149,082
120,7?.0
12,686)
267.657
Unreslricled
Funds
Reslricled Total Funds
Funds
2022
Tangible fixed assels
Herilaoe assets
Investments
Current assets
Creditors less than fj year
Net assets
636
636
117,460
134,686
113,467)
239,316
21,250
138,710
134,686
113,4671
260.566
21,250
22