REGISTERED CHARITY NUMBER: 207805
TRING CHARITIES
TRUSTEES9 REPORT AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

TRING CHARITIES
FINANCIAL STATEMENTS
31 MARCH 2025
TABLE OF CONTENTS
Page
AIYNUAL REPORT OF TRUSTEES
REPORT OF THE INDEPENDE￿ AUDITORS
rATEMENT OF FINANCIAL ACTJVITIES
12
BALANCE SHEET
13
NOTES TO THE FINANCIAL STATEMENTS
14

TRING CIiARITIES
ANNUAL REPORT OF TRUSTEES
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
The Cb*rlty. known as Tring Ch8rities. is registe￿d with the Charity Commission No. 207805.
21 Bunyan Close, Tring. HertfordshlTr, HP23 5PS.
Trnste¢s
The TrustCC5 sttvin8 durin8 the year, and since the year end were 8s follows..
Mr C R Stevens
Mr C Grc80ry
MTS V A CarT
Mrs S B Todd
MrN Cave
Mr B P Johnson
Cl]r MTS P J Hearn
Mr H T Grace
MrETOram
Chairman (co￿latiVe Truste¢)
Vice Chainnan (c￿0PtaI1vC Trnstee)
Co-optative Tru5*e
Cowoptative Trustee
Co-optstive Trustee
Co-optativc Trnstee
Norninated by Tring Town Council
cO￿pts11ve Trnstee
Nominated by Tring TO￿ Council
The Chi¢f Executive Officer, who is responsible forday ￿ day manag¢m¢nL is Mrs E Winter.
Battkers
Natlonal W¢stminster Bank PLC. 9 Bank Cour4 Hemel IIempste￿. HertfoTdshire HPI IBS
Solicitors
Wilkins Solicitors. Lin¢oln Hous¢. 6 Chur¢h StreeL Aylesbury, Buckinghamshire HP20 2QS
Investmtnt Mall2gcr3
Church¢5. Charities & Local Authorities (CCLA) Jnve5tmeth Management Lld
One Angel Lane. London EC4R 3AB
Aiditors
Dux Advisory Lt4 Kennel Club Hou*, Gatehouse Way. Aylesbury, Buckinghamshire. HPI 9 8DB
Siructure. GoverDaTr¢e & Manag¢meDt
Goveming Document
The charity is controlled by its governing documenL a deed of trust and constitutes 8n unincorporated
charity.
The Trustees present their report with the financial statements of the charity foi the year ended 31 March 2025.
The Twstees have adopted the provisions of Accounting and R¢portinB by Charities." Sthtement of
Recommended Practice Applicable to chaTitie5 preparing their acwunts in accordw)cc with th¢ Finan¢ia]
Reporting Stwd8rd applicabl¢ in the UK and Republic of IRland (FRS 102) (effcGilv¢ l Januftry 2019).

TRING CHARITIES
ANNUAL REPORT OF TRUSTEES
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
Con¢inued
Appolwlmut of Truste¢￿ Indu¢tloD and Training
The Goveming D0￿ment requires that there be two Trusttts nominated by Tring Town Council, two nominat¢d
by Tring Rurdl Parish Council and seven c￿PIed. E4¢h Tn￿tee is appointed for a period of four years atha can
be r¢-appointed atthe end of that pcriod. Vacanciescontinue to exist for suitsble nominee$ by TrinB Rur￿ Parish
Counril.
In appointing TTUStee5, regard is had for the ski115 and expericnce rwired to mainlain a b81gn¢ed board capabk
of meeting the managthient requirements of ihe charity. On appoinbnent, and periodically thereafter, Tntstees
are infornied of their responsibilities and liabilities. Particular reference is ma¢k to the fjoverning Doeumeni the
Charily Commission publi¢ation"Responsibility ofCh8Tity Tru5tee5" and the Almshouse Assc¢iationpublication
"Standards of Alrnshouse Managcment", copies of which are available to each Trustee. Trust¢e5 aT¢ ¢n¢ourdgcd
lo attend appropriate cxt¢rnal events. where thig will facllitate the widertsking of their rok.
Organlgallo•
The Board of Trustees administers th¢ charity ond meets a minimum of ihree iitnes a year. Theft are sub-
¢ommittees covering housing applications and alloDnent management. Other 5uIKomrnillees are foTmed from
timc lo time to deal with specific projects. To facilitate effective operations. the Chief Executive has delegated
authority. within ternis of d¢le8ation approved by the Tnths, for operational matter4 including fina￿1a1 aftd
premises management.
Rtlated Partles
The charity works ¢losely with the Almshouse Association for advice and guidaTtce on op¢rntional Trssues, the
Charity Commission for 8ssist8nce wTrth. and approval of, govern8nce issue5 and changes, ond with Dacon
Borough Council on housing matters.
RL8k Management
Tr TNstees have a risk management strategy. which compri5cs rcBular r¢vi¢ws of the risks awaociated with its
activities. SysteTn4 procedures an(L where relevanl, insurance covers are established to mitigate these risks and
to minimise any poteniial impact. A key element in the management of financial risk is thc settiTJg of a r¢5crve5
policy, aftd its regu]&r review by the Trustees.
Objeetfvtt and Ac¢lvltles
The obj¢ctsofthe chariry are the provision of housing Eccommodation for[￿efiCiarIeS who are in financial n￿￿.
the relief of financial hardship. either 8eAeTally or individwilly of beneficiaries. and therelief of beneficiari￿ who
are sick. disabled or a8ed. Benefi¢iwies, with certain exceptions, must be resident in the area of ber*f¢ ￿lch is
the Ancient PaTish of Trin8 {comprisiDg the town of Tring and the villages of Long Marston, Wilstone and
Puttenham) and the adja￿nt villages of Wigginton, Aldbury. MaTSWOrth and Pils￿ne.
The ch8Tity'5 Il>je¢tS and aims are met from year to year by the etTicient manag¢m¢nt of almshouses and other
propcrty 0￿ed by the charity.

TRING CHARITIES
ANNUAL REPORT OF TRUSTEES
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
Continued
The majoriry of incomc arises in th¢ forni of weekly maintenance contribution5 ¢'WMC") from residents and
property ren( and th¢ remainder almost entirely from inve5th1ent income. WMC and property rcnt is reviewed
annually and fixe4 taking due regard of the Local Housing Allowance advised by the Valuation Office Agency
and Almshouse Asso¢i8tion 8uidelin¢s. The charity does Dot canvass actively for donations. ID¢ome is used to
meet approved b*lBeied expenditure and to make transfers to reserve5 within Agreed parameters.
A¢bievw¢nts aDd P¢rforn•nee
Almshouses Bre situated in Trin8 (the18nd and buildings ovmeAI by Tring Charities) as follows:
Ash Road
7 Units
Vesty Ha]1
3 Units
Westron Gardens 20 Units
All of the units are occupied currently; those at Vestry Hall by younger people who, for a numiw of reasons are
unable to compete in the commercial market forprowties. The remaining properties are o¢¢upied by p￿pIc a8ed
55 and above. Void5 amounted to £2.269 this year. Incorne aDd expeftditu￿ wa5 Close to that budgeted. All ofthe
proJxrti¢$ have been maintsined in a satisfactory condilion and there is an on-going pmgr3mmc of routine and
cyclical maintenance. Tring chariti￿ also own5 lets a 8arnge and hall at Ve5ty Hall, Trifig and a property in
Duttdale Road. Tring.
Land is held:
1. 5.22 acre5 of arable a8ricuiturnl land at Wilstone.
2. 0.58 acr¢s of allotment gardens at Potash L8n4 Long Marston.
*PPTQX. 2 acres of 8llolment gardens ai Mortimer Hill. Tring and
4. approx. 3.5 am of re¢r¢8tion ground at Mortirner Hill. Tring.
The Ègriculiural18nd at Wil￿One is let. partly to # ](￿ Allotment Association.
All th¢ &llotments at Long Marston are mana8ed by Trin8 Chariti¢5 (half on behaifof Long Mar5ton Church).
The recreation ground at Mortirner Hill is mamaged by Dacorum Borou8h C(Mmcil and no ch&rg¢ is mede by Tring
Charities for its use at presenL.
Gener41 ben¢fitforthe poor continued to bc a feature of the clwity's Work. Donationsamountsngto £5,852(2024:
£9.933) were made durin8 the year.
The Millennium Education Foundation was launched in 1999 is a separate charity under the control of Tring
Chariti&s, numEered 1077157. The Foundation provides 8rants io impecunious students from Tring and
5urroundin8 villages ￿WArdS th¢ cost of higher education. and its work continued through the year.

TRING CHARITIES
ANNUAL REPORT OF TRUSTEES
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
Continued
FiknADeial Revie
The Trustces aim to provlde sufficient income from almshouses, other propety and investments to cover
anticipated charitabl¢expenditur< includingdepreciation. Total incoming resources amounted to £299,516(2024:
£282,138) and total Tesources expended were £J98,784 (2024: £228.256).
Imvestment Powers Polley
Under the govcming do¢umenL the ¢harity has the power to invest in any waythe Trustees wish. By investing in
income and growth ￿nds, the Tnthes aim to maintain sufficient assets to secure the benefits of both present and
firtur¢ beneficiaries. The net loss on Tevaluation of investtnents in the year was £148,066 (2024: £267.834 gain).
ReseTve5 Policy
In addition lo generhl reserves for working c&pitRI purposes, reserves are required to fjjnd fvturc medium-term
expenditure in the fom) of cyclicai rnaintenance cost4 extraordtnary unforeseen repair costs in the long lerm,
the cost of Tebuilding freehold premises. Regular transftrs to reserves are made eth yw to mcet these
eventualities. Adual r¢￿T¥e5 at the end of the year were:
Cyclical MaiJ)tenaTAce Fund
Exttaordinary Repair Fund
Property Sinking Fund
494.798
299,290
2,195,849
(21)24: £486,058)
(2024: £293,965)
(2024: £2.192.283)
Separate des1￿￿ted investhjents we hekl in respert of these fvnds and the inveStm￿t wfOrniar￿ is reflerttsl in
the above fi8iire$.
The TTU51ees review regularly the reserves policy and the perforniance of the underlying investments to satisfy
themselves that the rese￿eS are adequate for their purpose. Amounts have been transferred to Iksignated
ReserY¢8 (s¢¢ no* 13) in line with Almshouse Association recommendations.
PIAns for Futare Perlod8
Tring Ch8ritl¢s will ¢ontinue trj help rneet the needs of qualifying beneficiarie4 especially in the fields of hou5in8
and edUC￿lon.
Staiement of Tnsle¢5' Responsibilities
The T￿￿(¢¢5 are responsible for pRparin8 the Annual Report and the fitwi¢ial ststements in a¢cordan¢¢ with
pplicabl¢ law and regulations.
Law appli¢able to charities in England & Wales. the Chwiiies Act 2011, Charity (Accounts and Reports)
Regulations 2008 and the provysions of the trust deed requires the Trustees to prepare financial st•tements for
¢aeh financial year, ￿]ch 8ive a true and fair view of th¢ charity's financial activities durtng the year and of its
rinancial position at the end of the year. Im preparing these financial statements. the Tru51¢es are required to:
select suitable accounting policies and then apply them eonsistenily.
rnake jud8ements and estimate5 that are repsonable and prudenL

TRING CHARITIES
ANNUAL REPORT OF TRUSTEES
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
Contlnued
state whether applicable UK accounting standaftls and statements of I¢￿MMended practice h&ve been
followed. subject to any molerial departures disclosed and explained in the financial statements.
prepaTC the finan¢i81 ststements on th¢ going c￿￿¢M basis unless it is inappropriate te presume that the
charity will continue in operalion.
The TNstees ar¢ responsible for keeping accouThtin8 records that disclose with rnsonable accuracy 8t any time
the finan¢iaJ position of ihe charity ond which ¢nabl¢ them to ￿ertain ihe financial position of the charity and to
ensure that the financial statements comply with the Charities Act 2011 and the tTUSt deed. They att also
responsible for safeguarding the assets of the chartty attd henLY f(Y taking reasonable steps for the preveniion and
detection of fraud and other itreBulaTities.
The Anftual Teport of Trn5ttts was approved by the Board of Trustees on 25 September 2025.
ColiD IL Stevens
Chalrman of Tru$ttts

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF TRING CHARITIES
OplDIo
Wehave audited the financial statements ofTring ChaTiti¢S {the'charity') forthe ycar¢nded 31 M*rh 2025 which
compri% the StstemeTht of Financial Activities the Balance Shect ond nole5 to the financial stst¢m¢nts, including
a summary of significant ￿￿Unting polici¢& The financial reporting framework that Iw been applied ID their
preparation is applicable and United Kingdom Accounting Standords (United KlnEdom Generally Accept&4
AccoufttinB Practice).
In our opinion the financial st&ements:
-giv¢ a true and fair view of the stste of the charity's affhirs as at 31 March 2025 and of its in¢oming rcsouTttS
d application of resour¢e& for the year then ended.
ave been properly prepared in accordan¢e with Unlted Kingdom Ge￿¢r￿lY Acttpted Accowi¢ing Prxti¢e; and
ave been prep8red in acr(¢d•nce Wbth the requiremcnts of the Ch*iti￿ Act 2011.
sk for opiDiox
We CL¥￿UCted ouraudit in accordance with International stand￿ds on Auditing (UK) (ISAS (UK)) and applicable
w. Our responsibilities under those stsnd8rds are further described in the Auditors, responsibilitie5 for the audit
of the fmancial statements section of our reFQrt. We are independent of the Charity in accordance with th¢ ethi¢al
quiremenis that are relevant io our audit of the financial statements in the UK, in¢luding the FRC'S Ethi¢al
Standard, and we have fvlfilled our other ethical reS￿nsibIlItieS in accordance with these requirements. We
believe that the audil evidence we have obtained is suffioient and appropri8te to Provid¢ a basis for our opinton.
Con¢lu$loDS relating to 8olng COb¢ern
In auditin8 the financial statements, we have concluded that the Tn￿tee5, use of the going concern basis of
accounting in the prcpration of the financial statements is appropriats.
Based on th¢ work we have perforn￿d. we have Mt identified any material un¢ertain¢i¢S relating to events or
conditions thaL individually or collectively. may cast Significarst doubt on the chwity's ability to wntinue as a
going concern f<Jr a period of at kast twelvc months frorn when the financial s¢atcments are authoris¢d for issue.
Our reSP￿sIbIlitIeS and the responsibilities of the Trustees with K8pect to goin8 concern ar¢ described in the
relevant sections of this report.
Other information
The T￿Stee5 Bre responsible for the other information. The other inforniatlon comprises ihE inforniation included
in the Annual Repon. other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financi81 statements does not cover the other inforniation and. except to the extent otherwise
explicitly SEated in our ffporL we do not expTe5s any forni of assurance conclusion theTeon.

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTELS OF TRING CHARITIES
Conilnued
In connection wilh our iudli of the finencial statements, our responsibility is to read the other infonnatim and, In
doing so. consider whether th¢ ijther infomiation is materially inconsistent with the financial ssatements or our
knowled8e obtsined in the audit or otherwise appears to bc materially misstated. If we identify su¢h ￿￿terial
inconsistencies or WPPaTent material misslalernents. we are requir¢d to detern)ine wh¢ther this gives rise to a
material misstatement in the financial statements themselves. If, based on the work we have perforn?ed, v
conclude that there is a material misstatement of this other infonnation. we are requlred ￿ repm fact. We
have nothing to report in this regard.
Oplnlons OD other matters preserlbed by the CompAol&s Aet 2006
In our opinion, based on the work undertaken in the course of the audit:
the inforn￿l10n given in the Report ofthe Trustees forthe financial year for which the financial Slatem¢nts
are prepared is ¢onsithnl with the r)nan¢ial statements" and
the Report of the Trustees has been prepared in accordance with appliuble le8al r¢quir¢mmis.
Mitttrs oh which we are wulred to report by ¢xeeptlo
In the light ofthc knowl¢dge and understanding of th¢ charity and its envxronment obtained in the course of the
audil we have not idmtified material misstatements in the Report of the TTUStee5.
We have nothin8 lo report in respect ofthe following matter5 where the COMP￿]eS A¢t 2006 requires us to report
to you if, in our opinion".
athquat¢ ac¢ounting records have not been kept or retums adequate for our audit have not been Teceived
from branGhgs not visited by u5; or
tjx finantial ststements are not in agreement with the accounting records and retums. or
ccrtain disclosures of TTUStees' remuneration specified by law are not made; or
we have not receiv¢d all th¢ infom?At20n and explanations we require for our audil- OT
Tn￿eeS were not entitled to take advantage of the small companies, exemption from the requirement
to prepare a Strategic Report or in preparing the Report of the Trustees.
RespoDsibilities ofTrnsttes
As explained rn0￿ fully in the Ststement of TTrMees' Responsibilities, the Trnstees are responslble for the
preparation of thc financtai statements which give a tnje and fair view, and for such internal control as the Trustees
ddeTmine is necess￿ to ¢nable the prep8ration of fm8n¢ial statements that are free from material rnisthtemen
wh¢th¢r due to fraud or
In prewin8 the financial statement4 the Trustees are responsible fora5s¢ssing ih¢ charity's ability to Continue as
going eoncern. disclosin& ￿ appIl￿bI@ matters related to going concern and using the going ¢oncem basis 4)f
accountin8 unl¢ss the Trustees elther intend to liquidate the ¢haTity or lo cease operations. or have no realistic
alterntitive but lo do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF TrIY4G CHARITIES
Continued
Our responsibllltltt for the attdit ofthe fi￿￿DelI1 statemebts
We have been appointed as auditors under Section 144 of the Charities Act 20118nd rew¢ in a￿OrdanC￿ with
the Act and relevant regulations made or h&ving efftct thereund¢T.
Ourobjedives are io obtsin reasonable assurance about whetheT the financial Statements as a wholc are ftte from
ma￿181 misststemenE vAJetheT due to fraud or error. and Io i55ue a Rgport of the Independent Auditors thal
includes our opinion. Regsonable )ssurancc is a high level of assurance. but is r￿t a Buarantee that an audit
conducted in accordance with ISA5 {UK)will always detecl a rnaterial mi55tatementwhen it exists. Misstatements
can arise from fraud orerror and are considered maierial if, Individ￿llY or in the ag8regai4 ¢hey could reasonably
be expected ID influence the economic decisions of users lak¢n on the basi5 of these financial statements. The
objeclives of our audit are to identify and assess the rlsks of material Misslate￿nt of the financial stalemcnts due
to frnud and error. to obtain suificient appropriate 8udit evidence r¢8ardin8 ihe w5ed risks of malerial
misstatement due to fraud or error. and to resp)nd appropriat¢ly to tho5¢
risks. Owing to the inherent limitations of an audii there is an unavoidable risk that material misstatements In the
financial 5tat¢ments may not be detected, even though the audit is properly plonn¢d and wfornied in accordance
with the ISAS IUK).
In idryttifying and ¥s5C5sin8 risks of material misstatemt in respect of irregularitie5, including fraud and non-
compliance with laws and regulation& our prcttdures in¢luded the foll¢)win8:
We obtained an undeT51anding of the legal and regulatory framewoTk$ 8pplitable to the ch8Tity and the
sector in which it operates. We determined that the laws and rcgulations that were most significanl: The
ChaTities Act 2011, UK GAAP, The Dats Proteciion Act And Occupational Health and Safety regulations.
We obtsined In understsndin8 of how the Charity is complying with thos¢ legal and regulatory
frameworks made enquiTi¢S to the management and Tn￿re¢S of known orsUSP%t¢d inth¢es of fraud
ark4 non-compliance with 18w5 2nd regulations. We wrrobora*d OUT enquiries through our review of
board minutes. other relev￿1 meeting minutes and review of correspondence with Te8uIRtory bodies.
We asse5s￿ th¢ susceptibility of the Charities finaftcial statements to matcrial mi551at•n¢nL includin8
how hud might occur. Audil procedures perfomed by the auditt¢8m in¢luded:
o Identifying and assessing th¢ controls management has in place to prevent and detect fraud.
Understanding how those charged with 8overn8nce considered and addressed the potential for
override of controls or other inappropriatc influence over the financial reporting process"
Chpdllenging assumptions and judgments made by management in its significant accounting
¢slimat¢S and judgments. in particular relation to the reco8nition of Land & Buildings
Identifying and le￿)ng journal entrie& in parti¢ular journal entries Posted unusual 8e¢ount
combinations-
Assessing the extent of compliaftce with thc ￿leVant laws and regulations.
The￿ are inherent limitations in the audit procedures des¢rlbed above and the further removed non-compliance
with Iwws and regula¢ioThs arc from the events £Ad transathions reflected in the financial ststemcnts, the l¢ss likely
we would bewme aware of il. Also. the risk of not d¢tecting a material misstatement due t¢ fraud 1$ higher than
th¢ risk of not detectin8 one resulting from eTror, a5 fraud may involve deliberate conce41rnent by. for example.
for8¢ry or inlen¢ional mIsrepre￿nIat1On4 or through ¢ollusions.

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF TRING CHARtTIES
Conlinued
A furth¢r description of our responsibilitics for the Audit of the financial statements is located on the Financial
Reportlng Council's website at www.frc.OTg.uklaudiiorsr¢sponsibilities. Thisd¢scription forn￿part of our Report
of the Independ¢nt Auditors.
Use of our report
Thi5 report 15 made solely to the charity'sTrusteu. as a body, in accordance with Port4 of the Ch8rtti¢s (A¢wunts
and Reports) Regulations 2008. Our audit WOTk has been undertaken so that ￿ misht state to the charity
Trustees those matters we are Tequired to state to them in an auditOTS' Teport and for no other purpose. To the
fullest extcnt pernyitted by law, we do not a￿¢pt or 8ssume responsibility to any￿¢ other than the charity and
the ¢hwity's TnsSte¢s as a body, forour audit work. for this Teport, or for the opinions we have fonned.
£ PLFfi
Bianca Pern￿1 FCA (Settlor Ststuiory Auditor)
For and on behalf of Dux Advisory Ltd
Kennel Club House
Gatehouse Way
Aylesbury
Buckinghamshire
HP19 8DB
l Odnknr ao

TIUNG CHAIUTIES
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2025
Note
2025
IneomlDg resources
Charitabl¢ Activities
Weekly Maintenance
Contributions e'wMC')
& Rents
Generated Funds
Investmeni income
Bank interest
14
207.121
195,813
91,335
1.060
85,564
761
Other Income
Totsl IDcwi•g resourtts
299,516
282,138
Total resoyrce5 expended
Charitable Expenditure
14
(198,784)
(228,256)
Net incomiyl(olltgoing)
resoyrces before other
reeogni8ed galns ¥nd lo
Net Gainl(Loss) on revaluation of
investments & property
100,732
53.882
2&3
(148,066)
267.834
Net movement In fvnds
(47?34)
321.716
Reconciliation of fujds
Total fvnds brought foTwaTd
5,741,589
5,419,873
Totsl fBnd% CArrled fornard
£5,694,255
£5.741,589
Tr statement of financial ￿tIViti￿ inrludes all Bains and losses in the year. All Inc(Nning r￿ur￿$ and
r¢sour¢es exp¢nded derive from continuing activitic&
12

TRING CHARITIES
BALANCE SHEET AS AT 31 MARCH 2025
Not
2025
2024
TAY4GIBLE FIXED ASSETS
2,476.114
2506.414
INVEsfMENTS
3.120.509
3,109575
5,596,623
5.615.989
CURRENT ASSETS
Debtor5
Cash at Bank
5,073
102,751
4,714
138.782
CREDITORS
Amounts falling du¢ within one
year
107,824
143,496
(10,192)
(17I96)
NET CiJRRENT ASSETS
97.632
125,600
TOTAL ASSETS LESS
CURREf4T LIABILITIES
£5,694255
£5.741,589
UNREsfRICTED FUNDS
Desi8nated Funds
G¢neT81 Funds
13
2.989,637
2.704.618
2,972,306
2,769,283
£5,694,255
£5,741,589
Approved by the
fT
s and authorised for issue on 2S Septernber 2025 arml signed on its behalf by:
..C R Stevens. Chainnan of Trnstees
The accompanying notes on pages 14- 22 fonn port of these financial staiements.
13

TRING CHARITIES
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 3J MARCH 2025
I. ACCOUNTING POLICIES
a) Ba$ls of preparlng the finaDeial statements
Th< fin¥ncial statements ofthe charity, which is 8 publi¢ b¢nefiteniity underFRS 102. have been prepaycd
in accordance with the Financial Reporting Standard applicable in the UK and Rqjublic of Ireland (FRS
102). Accounlin8 and RepoTtin£ by Charities: the Ststement of Recommended Practice for charities
applying FRS 102 issued in October 2019, the Charities Aet2011 and UK GeneTally Acceptsd Accounting
The financial stakmenis have been prepared under the histr)rical cost conv¢ntion, as modified by the
revaluation of assets. The p￿sentatiOn currency of these financial statements is in Pounds SteTlin8.
The fiJJan¢ial statements have b¢¢n pryr¢d to give a and fairf view and have departed fmm the
Charities (A¢¢ounts and Reports) Regulations 2008 only to the extent required to PTDvide a'true and fai
view. This departure has involved following the Charilics SORP (FRS 102) rather thon the Accounting
and Reporting by Charities". StatcmcJRt of Recomm¢nd¢d Practice effective from l April 2005 whi¢h has
since been withdrawn.
Tr rjnancial statements have been pr¢p3ffd on a 80ing con¢¢rn basis. The Trustees have reviewed and
considera rclevant inforniation, includin8 the annual bud8et and fu￿re cash flows in making their
assessment. The TTUStees have tested their ¢&8h tlow analysis to tske into account the impact OR th¢ir
charity of possible 5¢¢nari05. alongside the measures that they can take to mitigate the impact. B4sed on
thes¢ ass¢5sments. given th¢ rneasuresthat could be underlaken to mitigate the current adverse condition&
and the current resources available, the Trustees have con¢ludcd that they can continue to adom the going
¢on¢em basis in preparing the aTrnual rep)rt and a¢¢ounts.
The principal aECOUntin8 policies adopted are setout below. These policie5 have been consistently applied
to all years presented unless otherwise stated.
b) Taxglble Ftsed Assets
Freehold Propcrty is showm at deemed ¢oM (￿valUed in 2015 as part of the tran5ilional arrangements
Ilowed following the introduction of FRS 102) and 984)A of this valuc Is depreciated on 4 $traight- line
basis ai 2¥• per year. There are a number of plots of lan￿ given to the charity over the years and these
have not be¢n attributed a value in the financial statements as it has not been possible to ascertain any cost
orto value them with any accurdcy. The￿ hav¢ been referred to in ihe Annual Report of the Trust¢es.
c) FrAed Asset Inve5tmeDts
Investments in equity instwmcnts initially recognised at trAnsactioD price excluding tronsaction costs
nd are subsequently me8sllred at fair value with change5 re¢o8niscd in th¢ Ststemenl of Financial
Actlvities.
14

TRING CHARITIES
NOTES TO THE AccouNrs
FOR THE Y£AR ENDED 31 MARCH 21r25
Continued
d) IDcomlng Resourtt5
All incoming rc50UTces Ire included in the statement of findncial actlvities when the thaTity is cntitl¢d to
th¢ fwid4 it 15 pmbabk that ihe income will be received ajxl the amount be measured reliably.
c) Rewureu Expended
Liabilitics are recognised as expenditure as soon as there is a le8al or constructive obligation committin8
the ¢harity to that expeTJdithre, it 1$ probablc that a transfer of economic benefits will be required in
settlement and the amount of the obligation cgn be measured reliably. ExpendiiUi¢ is accounted for on on
awuals ba5i52nd has been classified und¢r he8dings that aggregate all cost rel&ed to the category. Where
costs cannot be direcily attributed to parti¢ular headings they have been allo¢atrd to xtivities on & basis
onsistcnt with the use of re￿urCeS.
n FIDaDclal In5trnments
The chBrity has elected to 8pply th¢ provisions of Section I I 'Basic Financial Instruments, and Section 12
'(MKr Financial 1Th8triimeThts Issues, of FRS 102 to all of its finan¢ial instruments.
Financial instruM￿ts arc reco8nised in the charity's balance sheet wh¢n the charity b¢¢omes paty to the
contractyal provisions of the instrument.
Fin¥￿111•$￿ts and liabilitie5 arc offseL with the net amounls premted in the financial stalements, when
thcre is a legally enfoTceable right lo off￿t the recognised amounts and there is an intention to settle on a
net basis or to realise the asset and settle thc liability simultaneou51y.
Flna•¢lal Instrume•ts at *morli5ed eost
The dbarity trade debtor and ¢reditor balan¢es are measured ttt amcrftised cost taking into arcountbad debi
provision or writs offs respectively.
g) Taxatlon
Th¢ dwity is exempt from wrporation tax on its tharitsble activities.
h) PensioDS
The ¢harity operates a d¢fin¢d contribution pension schcm¢. Contributions payable to the charity's
pension scheme 8re charged to the Statement of Financial Activities in the FrioKI to which they relak.
i) Funds Strudure
General fijnds are unresiricted fuTrJs whi¢h are available for use at the discretion of the Trustees in
fvrtherance ofthc general objectivesofthe Charity and which have not been designated for otherpurposes.
Designated funds are unrcstri¢ted funds that have been set asid¢ by the Trustees for particular purposes.
The aim and use of each designated fimd are set out in rM*e 13 of the fin￿cIAl stat¢m¢nts.
15

TRING CHARITIES
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
Restrithd funds can only be for pgrticular restricted purpos¢5 Within the objects of the Charity.
Restrictions rise when specified by the donor or when funds are raised for particular restricted purposes.
Th¢¢h8rity has no restricted fvnds at the Balance Sheet date bul should a donor require that & donation be
spent on a particular purpo%. or should funds be rnised for a spttific purpose, these would be separalety
idrntified.
j) Criti￿1 Aeeounting estimates *Dd judgemtnts
pttparift8 financial statements it is necessary to make certain judgements, eslimat¢5 and ￿um￿lOn$
that aff￿1 the amounts recognised in lh¢ finanrial statEments. Thue a5sumption$ are reassessed annually
s part of the accounts preparati(m pro¢e￿.
The crilical jud8m¢nts that the Trustees have made in th¢ process of applying the charltys &¢cou￿ing
polieies that have the most Si8nifi¢ani effe￿ on the statutory financial slaternents ar¢ discussed below.
(i)
Useful economic lives oft•n8ible &ss¢ts
The annual depreciation tharee for property, plant and equipment is Sensiti￿ to ¢lwnge$ in usefvl
¢conorni¢ lives and residual values of assets. These 8re Teassesscd annually.
(li)
Recovernbility of debtors
The charity esthblishcs a provision for debtors that are estimated not to be recoverable. When assessing
recoverability. the Trustees have considered factors such as the ageing of debtors* P&St experience of
r￿0Verabl1ity and the credit profile of individual or groups of custorn¢rs.
k) Cssh And eL8h equlvalents
Cash cath equivalents include cash in h8nd, deposits held at Call with bank4 other short-terni highly
liquid inveskn)ents with original maturit1¢5 of three month5 or less and bank overdrafis. B8T& overdral
when applicable, are shown wiihin tLirrowi7Jgs in currut li8biliti¢s.
16

TIUNG CHARITIL
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
Continued
Z TANGIBLE FIXED ASSETS
Freehold
Property
COST OR VALUATION
As at 31 March 2024
Addition
3,825,000
46200
As 8t 31 March 21r25
3,87131NJ
DEPRECIATION
As 3131 March 2024
Charg¢ for the Year
1,318.586
76,500
As at 31 March 2025
I J9S086
NET BOOK VALUE
As at 31 March 2024
£2,506.414
As ￿ 31 March 2025
£2,476,114
3. FIXED ASSET INVESTMENTS
Llsted
Jnvestmtnts
COST OR VALUATION
As ￿ 31 March 2024
Additions
ain￿(LoSses) on revaluation
As at 31 March 2025
3.109.575
159.0(K)
14
LI.120￿9
17

TRING CHARITIES
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
Continued
4. DEBTORS
2025
778
4.295
2024
803
3,911
WMC Teceivable
Prepayments and Aecrned Income
£S073
fA.714
S. CASH AT BANK
2(Y25
2024
Natwest Bank
CharitiC5 Deposit Fund (CCLA)
71.432
31,319
39.799
98,983
£102.751
£138,782
6. CREDITORS
Amounts falling due within one year
2025
2024
Acen￿S and Sundry Creditors
£iO,J92
£17,896
7. DONATIONS
2025
2024
Chrtstmas Gi118 to Beneficiaries
Sundry Donations
2,403
3,449
2,403
7.530
£5052
£9,933

TRING CHARITIES
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
Continued
. TRUSTEES, REMiiNERATION AND EXPENSES
None of the Trnstees (or any FTson$ ¢onnttted with them) received any remuneration benefits or reimbursed
expenses frorn the charity during the year (2024: £Nil).
9. WEEKLY MAINTENAIYCE CONTRIBUTIONS SERVICE CHARGES ("WMC
There were 30 almshws¢ units in managen¢nt throughoth the financi81 ycar (2024.30).
Total WMC rKeivabk was£192.985 {2024: £183,562). Losse5 arising from vacancies amounted 10£2,269 (2024:
£4.0061 There were bad debts of £Nil (2024.. £Nil). There were WMC 4rreors of £778 (2024,. £803) at the year
The 4veTage WMC per ￿Mshouse for the year was £6,433 (2024: £&118). This represents an inCTeas¢ of 5% on
the pwious year.
10. STAFF COSTS AFID AUDITORS? REMUNERATION
Th¢ avernge number of persons employal by thc charity during the year was 2 (2024.2).
No employee benefits exceeded £60,000. (2024 . £0)
The aggr¢gats payroll costs were #s follows:
2025
2024
Salarie& pEnsion and N.1.
£35,149
£32,932
AudiloTS' Remuncration
2025
Audil
Other Services
6.234
5,940
19

TRING CHARITIES
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
Continued
11. ANALYS15 OF NET ASSETS BETWEEN FUNDS
G¢Der•l
Funds
Total
D¢signat¢d
Funds
Total
Funds
Tangible fixed assets
Investments
Cash at bank
Other net current a5sels
2,476,114
130,872
102,751
2.476,114
3.120.509
102.751
2.989,637
704 18 £2
JI MOVEMENT IN FUFIDS
G¢neral
Funds
2.769.283
299,516
(198,784)
{159.000)
D¢slgttat¢d
Funds
1972.306
Tot*1
Fund5
5.741.589
299,516
(198.784)
As at l April 2024
Ineijming Resource5
Expendilure
TrBnsfer from General Fund
Depreciation ID Undertylng Investrftents
159,000
141669
As at 31 March 2025
CoMPA￿TIVE FOR MOVEMENT
IN FiINDS
G¢n¢rAI
Funds
Designated
Fvnds
Totsl
Funds
As at l April 2023
Incomin8 Resources
Expenditure
Transfer from General Funds
Appreciation in Underlying Investments
2,859.851
282,138
(228.256)
(156,000)
1560.022
5.419,873
282.138
(228256)
156,000
256
As at 31 March 2024
741
2Q

TRING CHARITIES
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
Continued
I& DESIGNATED FUNDS
Propcrty
Cyclical
Sinking Fund Maintenance
Fund
Extraordinary
Repair Fund
Total
Designated
Funds
As at l April 2024
Trdnsfer5 frorn Genernl Funds
Depreciation in Underlying Investh)￿ts
2,192,283
106.(K)O
486,059
33,000
293,966
20,000
2.971308
156,000
138 671
As at 31 March 2025
£2.195349
£494.798
£299290
£2.989ffj37
Property Sinking Fund.
Purpose: To build a fvnd sufficient to re-build the cherity's almshouses when no bn8er fit for repair.
Basis oftransfers: Each year, 2% of latest re-inststement value aq certified at each quinquennial inspection.
Cyelkll MalnteiiADce Fund & EXtr￿rdinary RepAir Fnlld
PuTFKise: To bjild sufficient funds to provid¢ for cost of cyclical repaiTS (¢.8 replacement of kilehths ond
bathroom5) 8nd extra-ordinary unexpected repairs (e.8 roof repair5 where not covered by insur4nce)
Basis of Transfers:
Each year. amount per Iroputy as Tecommended by The Almshouse Associalion.
21

TIUNG CHARITIES
IYOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
Continued
14. DETAILED STATEMENT OF FINANCIAL ACTIVITIES
Chari¢abl¢
Activltle8
2025
2024
JNCOMING RESOURCFS
WMC -Almshouses
Less Voids
191985
(2.269)
183,562
(4,006)
190,716
179.556
Rents- Allolments
Vestry Hall
1,223
5,520
1,075
5,520
9,662
85.564
761
InvestmeN Income
Bank Interest
Other Income
91,335
1,060
£299,516
£282,138
RESOURCES EXPENDED
Repairs & mainten￿Ce
Servi¢¢ Costs
Lifeline Rental
Depre¢iaiion INote 2)
Donations (Not¢ 7)
Subscription5
Secretary's Employment Cosl
Mainknance Officer's Fmployment Cost
Postage. Stationery, Tel. & Travel
Legal & Professional F¢¢s
Insurance
surtdrl￿ & Bank Clwrges
Adv¢rtiSbng
66,532
613
(47)
76,5(Kl
5,852
89,636
933
3.190
76.500
9,933
770
22,732
10.200
1,120
8.034
4,487
70
24.399
10.750
443
7,460
4.614
264
INCOMINGIIOUTGOING)
£IW732
£53382
22