CHARITY REGISTRATION NUMBER., 205021
THE STOCKTON ALMSHOUSES
Unaudited Financial Statements
31 December 2024
DIANA MILLER FCA ROBINSON MILLER
Chartered accountants
First Floor, 36 High Street
Warminster
Wiltshire
BA12 9AF

THE STOCKTON ALMSHOUSES
Financial Statements
Year ended 31 December 2024
Page
Trustees, annual report
Independent examiner's report to the trustees
Statement of financial activities
statement of financial position
Notes to the financial slatements
The following pages do not form part of the financial statements
Detailed statement of financial activities
23
Notes to the detailed statement of financial activities
24

THE STOCKTON ALMSHOUSES
Trustees, Annual Report
Year ended 31 December 2024
The trustees present their report and th8 ￿naudited financial statements of the charity for the year
ended 31 December 2024.
Reference and admlnlstrative details
Registered charlty name
THE STOCKTON ALMSHOUSES
Charity registration number
205021
Principal office
Longhall
Slocklon
Warminster
Wiltshire
BA12 OSE
The trustees
Mr M Steel
Mr S James
Mr Plows
Mr Cook
Ms T Rickerby
Mrs S Rutherford-Jones
IAppointed 19 March 2024)
IAppointed 19 March 20241
IResigned 16 February 20241
(Appointed 18 September 20241
Independent examiner
Diana Mill&r Robinson Miller
First Floor, 36 High Street
Warminsler
Willshire
BA12 9AF

THE STOCKTON ALMSHOUSES
Trustees. Annual Roport {contlnu8dJ
Year ended 31 December 2024
Structurgy governance and management
Details of the Governing Documgnt
The Trust Deed founded by the will of John Topping the Elder proved in 1641.
The Charity is registered with the Charity Commission No. 205021.
Organlsation
Trustees
The body of Trustees shall consist of.,
- Two Ex-officio Trustees and
Three Co-operative Trustees
The Ex-officio Trustees are.,
The Rector of the Parish of st.mary the Virgin and St Peter. Codford.
The Rector of the Parish of Sl.John the Baptist, stockton.
The following Iruslees have served during the year,
T Rickerby (Chairman)
-PCook
M Steel
S James
- J Plows
Co-opted - appointed 27th September 2022
Co-opted - resigned 16th February 2024
Coknopted - appointed 19th March 2024
Co-opted - appointed 19th March 2024
Exaoflicio
All new Iruslees ale provlded with Charities Commission guidance on being a trustee and go through
an induction process.
Activity
The Charity continues lo provide low-cosl housing for the elderly of limited means.
Reserves
lal Restricted Funds
The W.T.Topp fund is reslricled with the income from the capital invested lo be distributed annually lo
the residents of the Almshouses. The Efflilie Gay fund is reslricled with the income from the capital
also being invested lo be distributed equally beiween the residents of the Almshouses. In the accounts
the restricted income is then effectively donated lo the occupants of the Almshouses, this is shown as
an in¢rease in the income contributions from residents and an expense showing as a donation to the
residents.
Ib) Unrestricted Funds
These a￿ held in furtherance of the Charity's objèctives at the discretion of the Trustees. Annual

THE STOCKTON ALMSHOUSES
Trustees, Annual Reportl¢ontlnued}
Year ended 31 December 2024
investments are made in respect of extraordinary repairs, cyclical maintenance obligations and routlne
maintenance budget in accordance wtth the investments policy published by the Almshous6
Association.
History and Background
The land on which the Almshouses are situated are 1.88 acres In the vlllage of Stockton, Willshire. 11
has a frontage of 200 feel onlo Almshouse Road with the building known as Slocklon Almshouses
together with the adjoining orchard.
The Charity was founded by John Topp The Elder in 1641 who was a residellt in Stockton House, a
Grade I Iisled country house in the village. The Almshouse5 were built in 1657 by the Topp family. The
two-storey dwellings are built in rubble stone with bands of dressed limestone, and wings added in
1714 provided two more dwellings. There are now a total of six dwellings which are Grade11 listed.
Risk Management Assessment
All major risks lo which the Charty is exFX)sed are reviewed by the Trustees and systems established
lo miligale those risks.
Reserves Pollcy
The Trustees, primary objects've is to provide appropriate resource5 to enable the Charity's
beneficiaries lo be well cared for and supported in the circumstances in which they find themselves.
The Boa¥d has established, by way of a transfer from the Unrestricted Fund in line with the guidance
from the Almshouse Association - £14.29812023 - £13,866) (which can be broken down lo.. £3,798
12023 - £3,684) to the Extraordinary Repair Fund, £6,210 {2023 £6,024) to the Cyclical Maintenance
F¢Jnd and £4,29012023 £4,158) lo the RoLJtine Maintenance Fund, Designated F￿ndS lo provide for
future ￿pairS and maintenance in the following funds..
£14,4331£8.499 - 20231 in the Extraordinary Repair Fund
£61,2281£53,910 - 20231 in the Cyclical Maintenance Fund
£761 {£6.043 - 20231 in the Routine Maintenance Fund
The Extraordinary Repair Fund has reduced in the year due lo the finalisalion of cost relating lo the
installation of secondary double glazing in the year and replacement of timber doors, to assist the
residents in keeping warm and secure over the winter months.
The Charlly has a regular income stream from the weekly maFiagemenl charges and monthly lield
rent. 11 is the Trustees, view that at least one month of norrNal expenditure should be maintained in
readily available cash reserve5. This should amount lo no less than £10,000, being the maximum
expected expenditure in any one month.
Investment Policy
The Board continues to invest The Slocklon Almshouse5 capital and designated funds in a balance of
cash, equity and property ftjnds. No changes were made in the investment holdings duTing the year.
The Trustees periodically review the investments to ensure they meet with the Charities objectives. A
full review of the Charities Investments look place in 2021 to ensure the funds were invested in the
best way lo support the Charities objectives as well as ensuring the investments are made in an
ethical and sustainable way, Some invèslmenls were sold and re-invested as part of Ihe restructure,
following the review in 2022.
The investments have increased in value dL¢ring 2024, continuing the iecovery from ihe general
downturn in the finan¢lal markets during 2022. The charity does not anlicipale the need lo realise any

THE STOCKTON ALMSHOUSES
Trustees, Annual Report (conllnuod)
Year ended 31 December 2024
reductions in the short to medium term and, con5equenlly. will keep the portfolio under review wilh the
assistan￿ of the Chartered Financial Planners retained to advise the organisation.
Tw$tee$' Responslbilities Statement
The trustees are responsible for preparing the Trustees, Report 8nd the financial statements in
accordance with applicable laws and regulations.
Charlty12w requires the Trustees ID prepare tinancial slalemenls for each financial year. Under charity
law the Tmstees musl not appmve the financial slalements unless they are satisfied that they give a
true and fair view of the state ol affairs of the charity and of the incoming resources and application of
resources, including the income and expendilure,of the charity for that period, In preparing these
rinancial statements, the Trustees are required lo..
select suitable accounting policies and then apply them consislenlly.,
observe the methods and principles in the Charities SORP.,
make judgements and estimates that are reasonable and prudent..
slate whether applicable UK Accounting Standards have been followed,. and
prepare the financial slatemfjnts on the going concern basis unless il is inappropriate lo presume
that the charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are Suff￿lent to show and
explain the charity's transactions and disclose with reasonable accuracy al any tirNe the financial
position of the charity and enable them lo ensure that the financial slalements 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 lor taking reasonable steps for the prevention and
detection of fiaud and other irregularities,
The Trustees are responsible for the maintenance and integrity of the charity and financial information
inclLJded on the charity's website in accordance with legislatioft in the United Kingdom governing the
preparation and dissemination of the financial statements.
Objoctives and activltles
Objectives
To provide low-cosl housing for the elderly of limited means.
Activty
The Chaiity continues lo provide low-cosl housing for the elderly of limited means.
The Trust Deed Stipulates that the Almspeople musl be a needy person and musl be not less than 60
years of age and of good character who may be a married persons residing in the Parishes of Codford
and Stockton and subject thereto the county of Willshire, in order lo be eligible for residing in the
dwellings.
Almspeople are required lo contribute a weekly sum towards the cost of maintaining the Almshouses
and services therein.

THE STOCKTON ALMSHOUSES
Trustees. Annual Report (contlnued)
Year ended 31 December 2024
Achievements and performance
Public Benefit
The Trustees have reviewed the Charities ComrrissiorTr's gLJid8nce on the requirement to report on
public benefit. The Board is satisfied that the work of The Slocklon Almshouses, in accordance with ils
slated objectives provides tangible public benefit lo a wide section of those who reside within The
Slocklon Almshouses, areas of benefit., the criteria used lo assess those who may benefit are not
unreasonably reslriclive.
Flnancial review
Flnances
The accounts are produced under the Slalement of Recommended Practice for charities. The
attached financial statements show the current slate of finances which the Trustees consider sound.
Plans for future periods
Our plans on objectives for the year ahead are lo..
Ensure we remain at full occupation
To keep up the maintenance schedule and update the 5 year plan.
To continue to maintain the welfare and satisfaction of the residents.
To continue to review all policies and procedures.
To ensure investment review recommendation are carried out.
To undertake work to improve energy efficiency to assist with rising costs of living.
The Iruslees, annual report was approved on 28 October 2025 and signed on behalf of the board of
Iruslees by..
Mr M Steel
Trustee

THE STOCKTON ALMSHOUSES
Independent Examiner's Report to the Trustees of THE STOCKTON
ALMSHOUSES
Year ended 31 December 2024
report to the Iruslees on my examinalion of the financial statements of THE STOCKTON
ALMSHOUSES I'lhe charity'l for the year ended 31 December 2024,
Responsibilitle8 and basTS of report
As the trustees of the charity you are responsible for the preparation of the financial slalements in
accordance with the requirements of the Charities Act 2011 I'lhe Act,).
I report in respect of my examination of the charity's financial slalements carried out under section 145
of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given
by the Charity Commission under section 14515llbl of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material mallers have come to my attention in
connection with the examination giving me cause lo believe that in any material respect,.
accounting records were not kept in respect of the charity as required by se¢llon 130 of the
Act., or
the financial statements do not accord with those records-, or
the financial statements do nol comply with the applicable requirements concerning the
form and content of accounts sel out in the Charities (Accounts and Reports) Regulations
2008 other than any requirement that the accounts give 8 'true and fair. view which is not a
matter considered as part of an independent examination.
I have no concerns and have ¢ome across no other mallers in connection with the examination to
which attention should be drawn in this report in ordor to enable a proper understanding of the
accounls to be rèached.
Diana Miller
Robinson Miller
Independent Examiner
First Floor. 36 High Street
Warminsler
Willshire
BA12 9AF
z&-

THE STOCKTON ALMSHOUSES
Stalement of Financial Activities
Year ended 31 December 2024
2024
Reslricled
funds Total funds Total funds
2023
Unreslricled
funds
Notè
Income and endowments
Charitable activities
Investment income
32.390
6,156
32,390
6,823
39,213
32,012
4,791
666
Total Income
38,546
666
36,803
Expenditure
Expenditure on raising funds..
Costs of raising donations and
legacies
Investment management costs
Expenditure on charitable activities
Total expendlturo
642
25
842
549
23,475
24,666
620
362
37.096
525
23,475
24,000
667
38,078
Nel gains on investments
10
2,766
509
3,275
8.366
Net Income and net movement In funds
17,312
508
17,822
7.091
Reconelliation of funds
Total funds brought fopNard
Total funds carried forward
244.513
261,825
23,144
23,652
267,657
260,566
285,477
267,657
The statement of financial activities includes all gains and losse$ recognised in the year,
All income and expenditure derive from continuing activities.
The note5 on pages 9 to 21 form part of th&se financlal 8t8tements.

THE STOCKTON ALMSHOUSES
Statement of Financial Position
31 December 2024
2024
2023
Note
Fixed assets
Tangible fixed assets
Heritage assets
Investments
15
16
17
460
540
204,901
149,082
205,362
149,623
Current assets
Stocks
Debtors
Cash at bank and in hand
18
19
320
1.909
80,733
900
1,410
118,410
120,720
82,962
Credltors.. amounts falling due within one year
Net current assets
20
2,847
80,115
285,477
285,477
2,686
118,034
267,657
Total assets less current Ilabllltles
Net assets
267,657
Funds of the charity
Reslricled funds
Unrestricted funds
23,652
261,825
285,477
23,144
244,513
Total charlty funds
21
267.657
These financial statements were approved by the board of trustees and aulhorised for issue on 28
October 2025, and are signed on behalf of the l)oard by..
Mr M Steel
Trustee
Thè notes on pageB 9 to 21 fomi part of these financlal statements.

THE STOCKTON ALMSHOUSES
Notes to the Financial Statements
Year ended 31 December 2024
General informatlon
The charity is a public benefit entity aftd a registered charity in England and Wales and is
unincorporated. The address of the Pfincipa1 office is Longhall, Stockton, Warminsler, Willshife,
BA12 OSE.
ststement of complian¢e
These financial statements have been prepared in compliance wllh FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the 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 IFRS 102) {Charities
SORP IFRS 10211 and the Charities Act 2011.
Accountlng policies
Value added tax
The Charity is not registered for Value Added Tax IVATI and is theiefore not recoverable by the
charity and expendilure is shown in the accounts inclusive of VAT.
Basis of proparation
The financial statements are being piepared on a going concern basis. under the historical cost
convention as modified by the revaluation of certain fixed assets. The financial statements are
prepared in Sterling which is the functional currency of the entity. Monetary amounts aTe rounded
lo the nearest F)ound.
The financial statements have been prepared in accordance with Accounting and Reporting by
Charities.. Slalement of Recommended Practice applicable to charities preparing their accounts
in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
IFRS102lleffective 1 January 20151- (Charities SORP IFRS10211, the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS1021 and the Charities Act 2011 and
UK Generally A¢¢epted Accounting PractiTr.
The Slocklon Almshouses Charity meets the definition of public benefit entity under FRS 102.
Going concern
There are no material uncertainlie5 about the charty's ability to continue.
Disclosure exemption$
The enlity satisfies 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 ot FRS 102..
lal No cash flow stslement has been presented for the company.
{bl Disclosures in respect ol financial instruments have not been presented.

THE STOCKTON ALMSHOUSES
Notes to the Financial Statements (contlnued)
Year ended 31 December 2024
Accounting policles (cojpllnuod)
Judgements and key sources of estimatlon uncertalnty
The preparation of the financial statements requires management to make judgements,
estimates and assumptions that affect the amounts reported. These estimates and judgements
are continually reviewed and are based on experience and other factors, including expectation5
of future events that are believed lo be reasonable under the circumstances.
Fund accounting
Unreslricled funds are available for use at the discretion of the Iruslees to further any of Ihe
charity's purposes.
Designated funds are Un￿strICted funds earmafked by the trustees for particular future project or
Commitment.
Reslricled funds are subjected lo reslfictions on their expenditure declared by the donor or
through the terms of an appeal, and fall into one of two sub-classes.. restricted income funds or
endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entillemeril has
passed lo the charity., il is probable that the economic benefits associated with the transaction
will flow to the charity and the amount can be reliably measured. The following specific policies
are applied to particular categories of income:
income from donations or grants Is recognised when there is evidence of entillemenl to the
gift, receipt is probable and ils amount can be measured reltably.
legacy income is recognIs￿ when receipt is probable and entitlement is eslabllshed.
income from donated goods is measured al the fair value of the goods unless this Is
impractical to measure reliably, in which case the value is derived from the cost lo the donor
or the eslimaled resale value. Donated facilities and services are recognised in the
accounts when received if the value can be reliably measured. No amounts are included for
the ¢onlribution of general volunteers.
income from ¢ontracls for the supply of services is recognised with the delivery of the
contracted service. This is classified as unreslricled fund5 unless there is a contractual
requirement for il to be spent on a particular purpose and returned if unspent, ir¢ which case
it may be regarded as restrittted.
10

THE STOCKTON ALMSHOUSES
Notes to the Financial Statements (c0fr7tinued)
Year ended 31 December 2024
Accounting pollcies (continue
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be lully recovered, and is classified under headings ol the statement of
financial aclivities to which it relates..
expenditure on raising funds includes the costs of all fundraising a¢tivitie5, events, non-
ttharitable trading activities. and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities that further its charitable aims for the benefit of its beneficiaries. including those
support costs and costs relating to the governance of the charity apportioned to charitable
activities.
other expenditu￿ includes all expenditure that is neither related lo rai51ng funds for the
charity nor part of its expenditure on charilable acts'vilies.
All ¢os15 are allocated lo expenditure cal4ories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated d1￿cl1Y to that activity- Shared costs are apportioned
between the activities they contribute lo on a ieasonable, iuslifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently slated at cost less any
accumulated depreciation and impairment losses. Any tangible assets carried al revalued
amounts are recorded al the lair value at the date of revaluation less any subsequent
accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation. is recognised in other
recognised gains and losses, unless il reverses a charge for impairment that has previously been
recognised as expenditure within the statement of financial activities. A decrease in the carrying
amount of an asset as a result of revaluation, is recognised in other recognised gains and losses,
except lo which it offsets any previous revaluation 9ain, in which case the loss is shown within
other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calcLJlaled so as to write off the cost or valuation of an asset, less its residual
value, over the useful economic life of that asset as follows..
Fixtures and fi'llings
Mains Water Connection
150/0 reducing balance
150h reducing balance
11

THE STOCKTON ALMSHOUSES
Notes to the Financial Statements (conllnu8d)
Year ended 31 December 2024
Accounting pollcies (contlnued)
Heritage assets
The Almshouses were built in 1657 and, under the Scheme established by the Charity
Commissioners on 31 st October 1977, they can only be used for the residencè of almspeople.
They are, therefore, inalienable. The Trustees consider il inappropriate lo capilalise buildings at
cost, which is unknown, or al market value. as Ihgre is none. As the information on the cost or
value of the Almshouses is not available and cannot be obtained al a cost which is
commensurate with the benefits lo users of the financial statements. the asset shall be
recognised in the statement ol financial position at a nominal £1.
Under the Charity Commissioners Scheme the Trustees are obliged lo insure the propety al its
full value against lire and other usual risks. As at 31 December 2024 the Almshouses and
¢onlent5 belonging to the Trustees were illSLtred for £3.120,000 (2023 - £1,306,263).
Investments
Unlisted equity investments are initially recorded at cost, and subsequently measLEred al fair
value. If fair value cannot be reliably measureé, assets are measured at cost less impairment.
Listed investments are measured al fair value with changes in fair value being recognised in
income or expenditure.
Investments in associate$
Investments in associates accounted for in accordance with the cost model are recorded at cost
less any accumulated impalrment losses.
Investments in associates accounted for in accordance with the fair value model are initially
recorded al the transaction price. At each reporting date. the investments are measured al fair
value. with changes in fair value taken through income or expenditure. Where il is impracticable
lo measure fair value reliably the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without
regard lo whether the distributions are from accumulated profits of the associate arising before or
after the dale of 2cquisilion.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are
recorded al cost less any accumulated impairment Losses.
Inveslments in jointly controlled entities accounted for in accordance with the fair value model a
initially recorded al the transaction price. Al each reporting date, the investments are measur$d
al fail value, with changes in fair value taken through income or expenditure. Vvhere il is
impracticable lo measure fair value reliably the cost model w111 be adopted.
Dividends and other distributions received from the investment are recognised as income without
regard to whether the distributions are from accumulated Profits of the joint venture arising before
or after the dale of acquisition.
12

THE STOCKTON ALMSHOUSES
Notes to the Financial Statements (contlnued)
Year ended 31 December 2024
Accounting policies (contlnuedj
Impaimient of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Where the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.
For the purposes of impairment testing, when il is not possible lo estimate the recoverable
amount of an individual asset, an estimate is made of the recoverable amount of the cash-
generating unil to which the asset belongs. The cash-generaling unil is the smallest identifiable
group of assets that includes the asset and generates cash inflows that largely independent ol
the cash inflows from other assets or groups of assets.
For impainment testing of goodwill. the goodwill acqlsired in a business Combination is, from the
acquisition dale, allocated to each of the Cash-generaling units that are expected lo benefit from
the synergies of the combination, irrespective of whether other assets or liabilities of the charity
are assigned lo those units.
Stocks
Stocks are measured al the lower of cost and eslimaled selling price less costs to complete and
sell. Cost includes all costs of purchase, costs of conversion and other Costs incurred in bringing
the stock to its present location and condition.
Financlal instruments
A financial asset or a financial liability is recognised only when the charity becomes a party lo the
contractual provisions of the instrument.
Baslc financial instruments are in5tialW recognised al the amount receivable or payable including
any related ITansaclion costs.
Current assets and current liabilities are subsequently Measur￿ at the cash or other
consideration expected to b& paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured
reliably, the inveslmÈnl is subsequently measured al fair value with changes in fair value
recognised in income and expenditure. All other such investments are subsequently measured al
cost less impairment.
other financial instruments, including derivatives. are initially recognised at fair value, unless
payment for 8n asset is deferred beyond normal business terms or financed al a rate of interest
that is not a market rate, in which case the asset 15 mèasured al the present value of the future
payments discounted al a market rale of interest for a similar debt instrument.
other financial instruments are subsequently measured al fail value, with any changes
recognised in the statement of financial activities, with the exception of hedging instruments in a
designated hedging relationship.
13

THE STOCKTON ALMSHOUSES
Notes to the Financial Ststements (eoTrlfNRued)
Year ended 31 December 2024
Accounting policles {conUnuedJ
Financial instruments (¢ontlnued)
Financial assets that are measured at cost or amorlised cost are reviewed for objective evidence
of impairment at the end of each reporting dale. If there is objective evidence of impairment, an
impairment loss is recognised under the appropriate heading in the statement of financial
activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets th81 are
individually signilicanl, these are assessed individually for impairment. Other financial assets are
either assessed individually or grouped on the basis of similar Creéil risk characlerislics.
Any reversals of impairment are recognised immediately, lo the extent that the reversal does not
result in 8 carrying amount of the financial asset that exceeds what the carrying amount would
have been had the impairment not previously been recognised.
Charltable activities
Unreslricled Total Funds Unrastricted Total Funds
Funds
2024
Funds
2023
Contributions from resldenls
Contributions from field rent
31,850
540
31,850
540
31.532
480
31.532
480
32,390
32,390
32,012
32,012
Investment income
Unreslricled
Funds
Reslricled Total Funds
Funds
2024
Income from listed investments
Bank interest receivable
3,114
3,042
666
3,781
3,042
6,156
666
6,823
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Income from listed investments
Bank interest receivable
2,531
1,617
4,148
642
3,174
1,817
4.791
642
Costs of raising donations and legacies
Restrtcted Total Funds
Funds
2024
Restricted Total Funds
Funds
2023
Costs of raising donation5 and
legacies - Donations
642
642
620
620
14

THE STOCKTON ALMSHOUSES
Notss to the Financial Statements (¢otrJtlnuodJ
Year ended 31 December 2024
Investment managemènt costs
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Portfolio managemenl
525
25
549
Unreslricled
Funds
Restricted Total Funds
Funds
2023
Portfolio management
339
22
362
Expgnditure on charitablè activlti9s by fund type
Unrestricted Total Funds Unreslricled Totsl Funds
Funds
2024
Funds
2023
Charitable Acb'vilies-Provision of
Almshouses
Support costs
19,673
3,802
19,673
3,802
35,406
1,69D
35,406
1,690
37,096
23,475
23,475
37,096
Expenditure on charltable aetlvltles by activity type
Activities
undertaken
directly
Suppoil Total funds
costs
2024
Total fund
2023
Charitable AGtivities-Provision of
Almshouses
Governance costs
19.673
19,673
3,602
23,475
35,406
1.690
37.098
3,802
3,802
19.673
10. Net galns on investments
Unreslricled
Funds
Reslri¢led Total Funds
Funds
2024
Gainslllosses} on listed investments
2,766
509
3,275
UnrestrECted
Funds
Restricted Total Funds
Funds
2023
Gainsl{lossesl on listed investments
6,472
1,894
8,366
15

THE STOCKTON ALMSHOUSES
Notes to the Financial Statements (¢ontlnu8dJ
Year ended 31 December 2024
11. Net income
Nel income is staled after chargingllcredilingl..
2024
2023
Depreciation of tangible fixed assets
80
96
12. Independent examlnation fees
2024
2023
Fees payable lo Ihe independent examiner for..
Independent examination of the financial statements
1,200
1,250
13. Staff costs
The average head ¢ount of employees during the yeaf was Nil12D23.' Nill.
No employee recelved employee benefits of more than £60,000 during the year12023.' Nil).
14. Trustee remuneration and expenses
Trustee Remuneration
No remuneration or other benefits from employment wilh the charity or a related entity were
received by the trustees. There ale no related paty transactions to disclose.
15. Tangible fixed assets
Fixtures and Mains Water
fittings Connectio
Total
Cost
At 1 January 2024 and 31 December 2024
Depreciation
At 1 January 2024
Charge for the year
At 31 December 2024
5,196
7,112
12.308
5,059
20
6.709
60
11.768
80
5,079
6,769
11,848
Carrylng amount
At 31 December 2024
117
343
460
At 31 December 2023
137
403
540
16. Herltage assèts
The building known as The Almshouse, Stockton, Warminsler. Willshire, BA12 OSH. call only be
used as almshoLJses for the accommodation of residents in furlheran¢e of the Charity's objects.
This freehold property was constructed in 1657 and whilst il is currently being used as an
almshouse, it is a Grade11 listed and therefore has heritage qualities.
16

THE STOCKTON ALMSHOUSES
Notes to the Financial Ststements (oontlnued)
Year ended 31 December 2024
16. Herltage assets (contlnued)
Stockton
Almshouses
Cost or valuation
At 1 January 2024 and 31 December 2024
Accumulated depreclation
At 1 January 2024 and 31 December 2024
Carrylng amount
At 31 December 2024
At 31 December 2023
The Iruslees regard il as a heritage asset within the scope of paragraph 18.11 of the Charities
SORP. The building which has a nominal historic cost of £1 consists of 6 self contained
residential uni15. The asset is not depreciated FRS102 as it is deemed to have an indefinite
lifespan. 11 is the Charity's practi￿ to maintain this asset in a continual slate of sound repair and
lo make improvements thereto from time lo time and accordingly the Trustees consider that the
value is not impaired by the passage of time.
17. Investments
Cash or cash
Llsted
equivalents investments
Total
Cost or valuatlon
At 1 January 2024
Additions
Disposals
Fair value movements
35,528
1,871
112,554
50,797
11241
3,275
166,502
149,082
52,668
1124)
3,275
204,901
At 31 December 2024
28,399
Impairment
At 1 January 2024 and 31 December 2024
Carrylng amount
At 31 December 2024
38,399
36,528
166,502
204.901
149.082
At 31 De￿mber 2023
112,554
All Inveslmenls shown above are held at valuation.
17

THE STOCKTON ALMSHOUSES
Notes to the Financlal Statements (contlnued)
Year ended 31 Decembar 2024
17. Investments (Qontlnued)
Financlal assèts hold at fair value
Investmènts are a form of a basic financial instrument and are initially recognised at their
transaction value and SLJbsequenlly measured al their lair value at the balance sheet dale using
the quoted market price. The Statement of Financial Activities includes those unrealiseé gains
and losses arising f¥om the revaluation of the investment portfolio during the year and does not
distinguish between the value adjustments relating to the sales and those relating lo the
ontinued holdings as they are together treated as changes in the value of the investment
portfolio. Investment income is accounted for on a receivable basls.
The Investments are all held in charity specific managed funds which are listed on the UK Stock
Exchange.
18. Stocks
2024
2023
Raw materials and consumables
320
900
19. Debtors
2024
2023
Trade debtors
Prepayments and accrued income
440
1,469
1,909
440
970
1.410
20. Creditors: amounts falling due withln one year
2024
2023
Accruals and deferred income
2.847
2,686
18

THE STOCKTON ALMSHOUSES
Notes to the Financial Statements {contlnu8d)
Year ended 31 December 2024
21. Analysls of charitable funds
Unrgstricted funds
Al
1 Jan 2024
Gains and
At
losses 31 Dec 2024
Income Expenditure
Transfers
General funds
Designated Fund
Extraordinary
Repair Fund
Designated Fund
Cyclical
Maintenance
Fund
Designated Fund
-Rouline
Maintenan
Fund
176,061
36,339
114,0921 (14,2981
1,392
185,402
8,499
1,099
13361
3,798
1,374
14.434
53,909
1,108
6,210
61,227
6,044
244,513
19,5721
124.0001
4,290
762
38,546
2.766
261,825
Gains and
At
losses 31 Dec 2023
l Jan 2023
Income Expenditure
Transfers
General funds
Designated Fund
Extraordinary
Repair Fund
Designated Flsnd
Cyclical
Maintenance
Fund
Designated Fund
-Rouline
Maintenance
Fund
162.743
34.618
112,4551 {13,8661
5,021
176,￿1
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
244,513
239,316
36,160
6,472
19

THE STOCKTON ALMSHOUSES
Notes to the Financial Statements Icontinued)
Year ended 31 December 2024
21. Analysls of charltable funds feonllnued)
Restrlcled funds
At
1 Jan 2024
Gains and
Al
losses 31 Dec 2024
Sncome Expenditure
Transfers
The Emilie Gay
Fund
The WT Topp
Fund
19,966
555
15561
451
20,416
3.178
3,236
23,652
23,144
666
1667)
509
At
1 Jan 2023
Gains and
At
losses 31 Dec 2023
Income Expenditur
Transfers
The Emilie Gay
Fund
The WT Topp
Fund
18,262
544
15441
1,704
19,966
2,988
21,250
98
1981
18421
190
3,178
23,144
642
1,894
The Emllle Gay Fund- RESTRICTED
Under the will of Miss Emilie Gay, who dled on 30th November 1920, and a scheme established
by the Charity Commissioners on 9th September 1921, the Trustees of Stockton Almshouses
hold investments upon trust to divide the income equally beiween the occupants of Ihe
Almshouses. The investments held throughout the year were as follows.-_
1005 COIF Income Shares.,
Cost- £2,94812023 - £2.9481
Market Value.. 2024 - £20,39512023 - £19,944)
Net income receivable in the year was £5551£546 2023). This was used to defray the costs of
the OCGupants of the Almshouses.
The W TTopp Fund- RESTRICTED
Under the will of William Thomas Topp, who died on 5th January 1987, a legacy of £1,000 was
left to the Trustees upon trust to distribute the income annually to the residents of the
Almshouses.
The investments held IhroughoLJt the year were as follows',-
Cost- £3,375 - (2023.. £3,375}
Market Value 2024 - £3,25812023 - £3.200)
Net income receivable in the year was £871£74 - 20231. which was used to defray the residents
costs.
20

THE STOCKTON ALMSHOUSES
Notes to the FlnancÉal Statements (contlnued)
Year ended 31 December 2024
22. Analysis of net assets between funds
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Tangible fixed assets
Heritage assets
Investments
Current assets
Creditors less than 1 year
Net assots
460
460
181,249
82,940
{2,8251
261,825
23,652
22
1221
23,652
204,901
82,962
{2.847}
285,477
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Tangible fixed assets
Heritage assets
Investments
CLfrrent assets
Creditors less than 1 year
Net assets
540
54CJ
125,938
120,698
{2,6641
244.513
23,144
22
1221
23,144
149,082
120,720
(2.686}
267,657
21

THE STOCKTON ALMSHOUSES
Management Information
Year ended 31 December 2024
The following pages do not form part of the financial statements.
22

THE STOCKTON ALMSHOUSES
Detailed Ststement of Financial Activities
Year ended 31 December 2024
2024
2023
Income and endowments
Charitable activitles
Contributions from residents
Contributions from field rent
31.850
$40
31,532
480
32,390
32,012
Investment Income
Income from listed investments
Bank interest receivable
3,781
3,042
6.823
3,174
1,617
4,791
Total income
39,213
36,803
Expenditure
Costs of raislng donations and legacios
Donations lo residents from restricted funds
642
620
Investment manayement ¢o$ts
Portfolio management
549
362
Expenditure on charitable actlvities
Rates and walei
Light and heal
Repairs and mairilenance
Insurance
Legal and professional fees
Other office costs
Depreciation
Subscriptions
856
7,710
9,572
1,455
3,032
102
80
668
8,682
24,818
1,224
1,494
96
196
23,475
37,096
Total expenditure
24,666
38,078
Net gains on Investments
Gainsl{lossesl on listed investment5
3,275
8,368
Net Income
17,822
7,091
23

THE STOCKTON ALMSHOUSES
Notes to the Detalled Statement of Financial Activities
Year ended 31 December 2024
2024
2023
Costs of raising donatlon8 and legaelos
Costs of raising donations and legacies - Donatlons
Donations- Use of reslri¢led fund income to support residents
642
620
Costs of raising donations and le9acies
642
620
Expendlture on charitable actlvltles
Charitable Activities-Provision of Almshou$•s
Activities undertaken directly
AlmshoLJse costs - rates & water
Almshouse costs - light & heal
Almshouse costs - repairs & maintenance
Almshouse costs - insurance
Almshou$e costs - depreciation
856
7,710
9,572
1,455
80
586
8,682
24,818
1,224
96
19,673
35,406
Governance ¢ost$
Governance ¢osls - accountancy fees
Governance cosls - legal and other professiona5 fees
Governance costs - other office costs
Governance costs- subscriptions to Almshouse Association
1,200
1,832
102
668
1,260
234
196
3,802
1,690
Expenditura on charltable activities
23.476
37,096
24