THE LYGON ALMSHOUSES
THE LYGON ALMSHOUSES
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Registered Charity Number." 208562
Registered Provider Number.. A0646

THE LYGON ALMSHOUSES
Contents
Page
Legal and Administrative Details
Report ol the Trustees
Independenl Examinerfs Report
Statement ol Financial Activities
Stalemenl ol Financial Posit￿n
Statement of Cash Flows
Notes lo Ihe Financl81 Stalemen15
24
9-20

THE LYGON ALMSHOUSES
LEGAL AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 MARCH 2025
Chalr
Mrs Val Barker resigned 12 Nov 2024
Mr Christopher Hancock - appointed 5 Jun 2024
Inlenm Chair 6 Dec 2024 16 Jan 2025
Mr David Morris - reappointed 20 May 2022
hleiim Chair 16 Jan 2025 - 18 Feb 2025
The Rev Peter Dobson - appointed 4 Dec 2024
Chair from 18 Feb 2025
Cllr, Adronie Allord resigned 2 Dec 2024
Mrs Janet Harris
appointed 22 Wv 2023
Inlerim Vice chair 6 Dec 2024 18 Fob 2025
Mr Christopher Hancock appointed 5 Jun 2024
Vice chair from18 Feb 2025
r Charfes Noel - Te•appoinl8d 12 Apr 2023
Ihe Bishop of London - appointed 8 Mar 2018
The Rev Ross Gunderson - appoinled 18 Jul 2018
Mrs cla￿ Khalil
resigned 7 Apr 2025
Cllr. Arnand8 Lloyd-Harris
resigned 8 Apr 2025
Cllr. Ann Rosènberg reslgned 4 June 2024
Mrs Sue Lilton- appoin18d 22 Nov 2023
Mrs Sue Dixon- appoinled 6 Jun 2024
Mr Alis18ir Rae - appointed 12 May 2025
Vl¢è<halr
Hon Tmasur•r
other Truste¢8
Cl•rk to the Trustegs
Mrs Rogalie Ma¢l8rtane
As#l•tsnt Cl•rk to the Tru¥two
Mrs Kalle AreTrJo-Jones
R•gistsr•d Offlce
313 .321 Fulham Palace Road
London SW6 6Tr1
Bank•r$
Nalional Westminster Bank PIC
45 Fulh8m Broadway
Lo￿lon SW6 IAG
Sollcllors
Lee Bolton Monier Williams
1 The S8ncluary
London SW1P 3JT
Accountants
Beever and Slrulhers
Chartered Ac¢ounlanls
One Expre5S
1 G￿rge Leigh Street
Manchester
M4 5DL
Statutory reglstrallons
Regislered Charity Number.. 206562
Registered Provider Number.. A0646
Governlng Document
Schème daled 15 March 1977

THE LYGON ALMSHOUSES
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
The Tru51ees prosent their annual report and account5 lor Ihe year ended 31 March 2025.
Prlncipal activity
The principal aclivily ol the charity conlinues lo be the provlsionof sheltered housing lorlhe peop
ol Fulham in a 40 flat alm5hoLJse al 313 321 Fulham Pal¥ce Road.
2. Governan¢e
The Lygon AIMS￿￿SeS are governed by the scheme dated 15th March 1977 whlch provlded for
sixteen Trustees.. three ex￿lfi¢l0, six nominated by the local authority and seven co-opted by th8
board ol Truste85 and appointed al 8 special meeting at which all Tnjstees have the opportunty
to vote, On 5 June 2024 the Truslees voted to inC￿35e Ihe number of co-opted Trusteès to 10,
providing for a total of 19. As laid down in our scheme, co-opted Trustees "Should be p8rsons who
through residen¢8, occupalion or ernployment or olherw5e have special knowladge of the area of
the former melropolil3n borouoh ol Fulharn. They are coopted lor the special skills they can oll
lo th8 charity.
All Truslees are invited to visit the Almshouses. Th8y are sent 8 copy ol the scheme. a copy of
Almshouse Association's guide to managing an almshouse charily and copies of minutes.
ccounls and polici8s adopted by the Trustees over Ihe course ol lime. Trustee5 can also 81tend
the Almshousa Associaiion's Iraining day5 l¢r clerks 8nd Truslees11 they wish.
Achltvements and performanc•
The Almshouse had on8 vacancy at the end ol the year which has sinco been filled. The c051 of
voids was £657 lor the financial yèar12024.. £12,080). During the year the Chubb Careline wa5
upgraded and th8 CCTV coverage expanded. Tha lob entry system was replaced. Ilre door5 were
replaced lo meet current regulations and lire tralnlng provlded lor $18ff and residents. A
quinquennial review of the buildlng was carried out lo identify maintenance work vthich will be
rÈquired in the next S years. A summer garden party wos held lor residents in June.
FlnJnelal r•vi•w
Charil8ble aclivilies showed a dalicil 01 £25,238 12024.. £39.206 dellclll. Increases In legal &
professional lees and depreciation charge5 ex¢eeded increa5e5 in weekly maintenance
contributions and other income, There was a nel loss on Investments of £13.54012024.' £72,795
gain), giving a nel delicil for the year of £38,77812024'. £33,589 su￿lUSI.
5. Plans for future perlods
Prevenlallve maintenance idenlified in the quinquenni81 rovi8w is being priorilised and a repair
programm8 put in place.
Public benefit
All charities are required lo include in the annual report of th8 TFUSte8s a report of activili
undértaken by the charity to further ils charitable purposes lorlhè public benefit. This ￿qUirernenI
is met by Ihe principal activity 51alemenl above. During the year ended 31 March 2025 weekly
m8inlenance charge lor residents averaged £132.3212024'. £122.01>. Trustees confirm they have
Complied with the duly in sèclion 17 01 the Chadlies Act 2011 to have due regard lo public benefit
guidance published by the Charities Commission.
THE LYGON ALMSHOUSES

REPORT OF THE TRUSTEES (continuerl)
FOR THE YEAR ENDED 31 MARCH 2025
Events after the year-end
There have been no events alter the year*nd which will impact accounls.
ReserNe$ and Investments
The Almshouses hold reseroes lo meel lulure liabililies and lo generate income to support the
charitable aclivilies. These are backed by investments and are held for the long term. Their
performance is Tegularly reviewed by the Trustees. The Trusletrs are satisfied that sufficiu
provision has been made irn the Extraordinary Repair Fund IERFI and Cyclical Maintenance Fund
ICMFI for future neèds. The total ol the rtsserves held is £2,737,17512024.' £2.775,9541.
9. Statèment of Trustee8' responslbllltles
The trusteès A￿ responsible lor prepa￿n9 the Trustèès Annual Report and the linanciBI stalemenls
in accordance wlh applic8ble Iw and Unitèd Kingdom Accounting Standards Iuniled Kingdom
Gènarally Accepted Accountlng Practicel.
The law applicable to charities requires the Trustèes lo prepare flnancial slal8menls for each
financial year which give a true and laif view ol the slalè ol allairs of th8 charity and ol the incomir¢J
rèsources and application ol resources ol Ihe chanly lor that period. kn preparing these accounts
the Trustees are required lo'.-
Selecl suitable 8e¢ounting policies and then Bpply them conslst8ntly',
Observe th9 methods and principle5 01 the Charitie3 SORP.,
Make judgemtsnls and eslimales that are reasonable and prudent.,
Slate whether applicable accounting standards have been follow8d, subject to any
material departures di3¢1058d and explained in the financial s18t8ments,'
Prepare th$ accounts on the going concem basi$ unless il Is in8ppropriale to pre$um•
Ihat the chamty wll continua In oper8tion.
The Trustees ats responsible lor keeplng proper accounting tscords that disclosèwith ￿asonable
accuracy al any time Ihe linancial positlonof thechadty and enable them lo ensure that the finsncial
st8lement8 comply with Ihe Charities Act 2011. the Ch8rities (Accounts and Reports l Regulations.
nd the provisions ol Ihe Irust deed. Th9y are also responsible forsaleguardiffj the assets of the
harily and hence lor taklng reasonable steps forthe prevention and deleclion of fraud and other
Irregularitles.
The INst￿S aro responsible for Ihe rnainlenanct and Integrity of thè charfly and financial
inf¢mialion included on the charity s wobslte in 8ceordance with legislation in the Unlled Klngdorn
goveming the preparallon and dis$em1nalion of Ilnancial slatoments.
10. Value lor monèy
The Trustees are mindlulol tho need lo obtain value Iofmoney in all transaction5 enl•red into on beh8tt
of the aharity. In respecl tsl the major Works to be undèrtaken a competitive lendar Involving three
polanlial contractors is carried out.
The ￿gUlatOr ha5 issued value for money metrics lo ensure performance to be measured consislenty
for each Registered Provider, We have adopted these which are reported below..
THE LYGON ALMSHOUSES
REPORT OF THE TRUSTEES fconlinued)
FOR THE YEAR ENDED 31 MARCH 2025

Indicator
Reinvestment in development and 5.08Y.
capital works as a Q/¢ of book vakE
ol property
New supply delivered
(Social housing units)
New supply delivered
INon-so¢ial housing units
Gearing
Interest cover including
capitalised repairs IEBrrDA-MRII
Social housing cost per unil
2025
2024
1.32°1.
Commentary
Window winder, front door control, reconfigue
plant room, fire protection works
No additional units
No loans are held
£10.459
Increased capital works - see above
Operating margin
(Social housing 1etling_sl
Operatlllg margin loveralll
Retum on capital employed
-26.66¥. r-29.43°
-26.66°/.
-29.43¥0
-3.06°/
-2.9 jQ/
Disclosure of infomation to the reporting accountsnts
We, who held olficeatthe date of approval of these Financial Slalements as setout abov8each conlinn
so far as we are aware. that..
there is no relevant infomiation of which the independent examiners ar8 unaware.. and
we have taken all the step5 that we ou9ht to have taken as members of the Board in order to rnake
ourselves aware ol any relevant inlormalion and to establish that the independenl examiners are
aware of that information.
Signed by order of the Trustees..
Rev Peter Dobson (Chaimanl
15 1 7 12025
Ch8rfes Noel (Hon TreaSu￿rI
IS/ ? /
2025

THE LYGON ALMSHOUSES
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE LYGON ALMSHOUSES
YIAR ENDED 31 MARCH 2025
I reptsrt to Ihe eharily Irusloos on my eKaminÉl1ion ul Ilie 3ccuuiils of the Charily for the year ended 31 M<tr¢h
2025.
Respon55bilities and basi5 of report
As Ilie chanly's Iruslees, you are responsible lor the preparation ol th8 accounts in accordance wlh Ihe
reqiiiremenls ol the Charities Ar.12U11 ('Ihe Aci").
I rèport In r65pecl of my examination of the Trust's accounts carried oijl under 5eclton 145 of the 2011 Act ard
in carrying out my examination. I have followed all the applicable Directions given by Ihe Charily Cornmissi
under section 14515llbl ol the Act.
Independent examlnÈr'$ ststement
I have cornpleied my examination. I confirm Ihal no matters have come lo my allenlion in connection the
8xaminalion giving me cause lo believe.
1. a¢counling records weF. noi kept in in accordance with section 130 of Ihe Charities A¢t,' or
2. the a¢¢ounls do Mt accord with Ihose records., or
3. Ihe 8GGounls do not cotnply with the accounting requiremenls of 5e¢iion 396 of the 2006 Acl other than any
requirernEnl that Ihe accounts oive a 'lwe and f8ir Vie￿ which is noi a maller considered as part of an
ind8pendÉni examination, or
4. the accounts did nol cornplymrylh the applicable requirements conceffling the form and conienl of acco￿*S
sel out in Ihe Charilies IAccounls and Reports) Regulation$ 2008 olherthan any requ1￿ment that the a¢¢ounls
give a 'lrue and fairf view which is not a matier consider￿1 as pari of an Independeni examinatitsn.
I have no concerns and have come across no olher mallers in connection ￿th the examination lo which
allenlion shoukl be drawn in Ihis report in order lo enable a proper understanding of Ihe acctsun15 10 be
reached.
Helen Binns FCA
chart?￿d Accountant
One EXp￿sS
1 George Lelgh Slreel
Manchèster
M4 SDL
D81e'
l-:i..l.i.e.]..1(,:.'2.:,

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Unr•stricled
Funds
R•strictsd Endowment
Funds
Reserves
Total
Total
Note
Income and endowmtnts
from:
Donations and legaclos
Charitable 8¢livilies
Inveslmenls
775
318.751
43,102
775
318,751
43. 102
275,2
44.502
Total income and
•ndowments
362,628
362,628
319,753
Expenditure on..
Charilable 8clivitl8S
GovernarKe
383,240
4.176
450
383.690
4,176
354,829
4,130
Total expenditur•
387.416
450
387.866
3S8,959
Income from charltable
activitlès and investm•nts
less expenditurè
124,7881
14501
125,2381
139,2061
Net Ilossesygabng on
inv8slmenls
138
16,282
129,822) 113,5401
72.795
Net lexptrndlturel I
Incomè
18,506)
14501
29.8221
138.7781
33,589
Transfers batsveen lunds
3,084
3,064
Net movèment in funds
15,4221
1450
132,9061 138,7781
33,589
Reconclllatlon of funds..
Total funds brought lorward
16
1,002,427
1,063,202
710,325 2,775,954
2,742,365
Total funds carrled
forward
16
997,004
1,062,752
677,419 2,737,175
2,775,954
All income and expenditure derive from continuing aclivilies. The slalgmenl of financial activities includes all
gains and losses recognised during the year.
The financial statements ware approved and aulh0ri5ed lor issue by the board of Iruslees on
and signed on il
eh811 by".
Rev
obson Ichairnanl..
Mr Chades Noel (Hon. T￿aSUrer1..
The notes on pages 9 10 20 fomi part ol these financial s18lements.

THE LYGON ALMSHOUSES
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025
2025
2024
Note
Flxed a55e15
Housing properties
Other fixed a5se15
Investments
1,514,060
22,600
1.177,113
1,473,284
9,218
1.284,954
12
13
2.713,773
2,767,456
Currènt 4$$0ts
Debtors
Cash al bank and in hond
14
6.300
47,830
3,270
20.861
54.130
24,131
Cr￿ltors. amounts falllng due wlthln onè year
15
130,7281
115,6331
Nèt current assets
23,402
8,498
N•t asséts
2,737,175
2.775,954
Capltal and
Reslricled reserves
Endowment r6$8rvès
Unreslricled reserves
1.062,752
677,419
997,004
1.063,202
710,325
1,002,427
Total charlty funds
16
2,737,175
2,775,954
The financial slalements were approved and aulhorised lor Issue by the board of Iruslees on
signed on behalf ol th board of Iruslees by,,
and
RevP
er Dobson ICh8lm8nl'.
Mr Charte5 Noel (Hon. Treasurer)..
The notes on pages 9 10 20 lorm part of these financial statements.

THE LYGON ALMSHOUSES
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Note
Cash flow from operating activitie5
18
113,8261
181.4241
Nèt cash flow from operating activities
113,826
181,4241
Cash flow from investlng actlvltles
Purchase of tangible fixed assets
Paymenls to acquire inveslm8nts
Proceeds frL)m movement in inveslmenls
Interest received
Div*Yends received
96.607)
115,6991
110,000
830
42,271
130.4351
115,8931
40,000
541
43,961
Net cash flow from Investing aetlvllies
40,795
38.174
N8t decrea￿ in cash and cash equival•nts.
26,969
143,250
Cash and cash equlvalents at 1 Aprll
20,861
64.111
Cash and cash equivalents at 31 Ma￿h
47.830
20,861
Cash and cash equlvalents conslsts of..
Cash 81 bank and in hand
47,830
20.881
Cash and cash equlvalents ot 31 March
47,830
20,861
The notes on pages 9 10 20 lomi part ol these financial slalements.

THE LYGON ALMSHOUSES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Legal Form
The Lygon Almshouses is a charily registered in England with the Charity Commission. tts registered ollre
313 Fulham Palace Road, London, SW6 6TH.
I. PRINCIPAL ACCOUNTING POLICIES
Basis of accounting
The financial 518lernenls have been prep8red under the hi51ori¢al cost convention on an accruals basis.
They have bÈ6n prepar8d In accordsnee wth the Statement ol Recornmended Practice.. Accounting and
Reporting by Charities ISORP 20191 and applicable accounting sl8fKlards and thè Charities Act 2011.
The charity constilules a public benefit entity as defined by FRS 102. The financial slalements have bèen
prepared in accordancewilh Accounting and Reporting by Charities. Slalement of Re¢ommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in Ihe UK and Republic ol Ireland IFRS 1021 Issu8d on October 2019, the Charities Act 2011,
the Housing and Regeneration Act 2008, the Accounting Direction for pnvate registered providers of soc
housing in En9land 2022 UK Gen&ra11y Accepted Practice.
IncomSng resourcèsllneome rècognStlon
All incoming resources are included in the Slaternent of Financial Activities IS OFAI when the charity is
legally entitled to the income afterany performance conditions have be8n m81, the amount can bè measured
reliably and it is probable that the income will be received.
Outgoing resources lexpenditurel
abilities are recognised as resources expended as soon as the￿ is a legal or constwtive obligati)n
commilling the charily to the expenditure. All expeThJiture is accounted for on an accnjals basis and has
been classified under the headings that aggregate all costs related to the oalegory.
Costs of charitable activities include all costs relating lo the maintenance of the housing properties as well
as the support and weff are of the residents.
Governance Costs include the cost ol govemance arrangements which relate to the general running of tIE
ch8rity.
Support costs are those that assist the work ol the charity bul do not dI￿¢11Y represenl charitable 8Ctivili
aTh1 includ8 officè costs, govern8￿? ¢osls, atyl adminislr8live payroll costs.
Funds
General funds are unre51riGled funds which are available for use al the discrelion of the trustees in
furtherance of the general objectives ol Ihecharity and which have not been designated lorolherpurpos&s.
Designated funds comprise unreslricled funds that have been set aside by the Iruslees for particular
purposes. The aim and use of each designated fund is sel out in the notes to the financial slatements.
Restricted funds are fundswhich are lo be used in accordancewlh specific restrictions imposed by donor6
or which have been raised by the charity for particular purposes. The cost of raising and administering
such funds are charged against the specific fund. The aim aThJ use of each restricted fund is set OLrt in the
notes lo the financial statements.

THE LYGON ALMSHOUSES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
1. PRINCIPAL ACCOUNTING POLICIES (conflnued)
Funds Icontlnu•dl
Endowmenl funds represent those assets which musl be held permanently by the charity. principal
Iriveslmenls. Income arising on the endowmenl lund5 can be used in accordance with the objecls ol the
charity and is included as unreslricled income. Any capital gains or losses arising on the investments fom
part ol the fund. Investment management charges and legal advice relating to the f und are charged against
the fund.
Inveslmenl income and gains are allocated lo the appropriate fund.
Tangible fixed assèts
Tangible fixed assets are stated al cost lor deemed cosll less accumulat￿ depreciation and 8¢¢umulated
irnpairment losses. Cost includes costs directly allribulable to making thè asset capable of operating as
intended.
Depreciation is provided on all tangible fixed assets, al rates calculated to write off the Cost, less eslimata
residual value, ol each asset on a systernatic basis over its èxpected useful life as follows=
Fixtures. fittings and equipment
Freehold buildings
Property improvèmènts
Roofing
5 years
1￿ years
5 - 20 years
30 years
Inve5tment$
Investments are recognised initially al fairvalue which is nomally th8 transaction prfc8 ex¢ludirvJ transaction
costs. Subsequently, they are measured at fair value with changes recognised in 'net gains I Ilossesl on
investments, in the SOFA if the shares 8re publicly traded or their fair valu¥ can olh8wse be measured
reliably. Other investments are measured at cost less irrpairmenl.
Dèbtors
Amounts receiv8bl8 lor paid in advance) at the end ol th& pèrfod are Includ&J in the accounts under debloTr.
These include invoiced service and p￿paid expenditure.
Llabilities
Amounts payable al the end ol the period are included in the accounts under amounts payable within or
after one year as appropriate. This includes amounts due to suppliers and accrued expenditure (due bul
not invoiced).
Improvements to proP8rties
The charity capilalises expenditure on housing properties which adds to the value of thepropertyorexlends
ils useful life. Improvements to property that relalts lo assets th81 have a separately identifiable life lo the
property concerned are also capilalised bul under a category separate from ltr￿ property.
10

THE LYGON ALMSHOUSES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
1. PRINCIPAL ACCOUNTING POLICIES (contlnued)
Provlslons
Provisions are recognised when the charity has an obligation al the balance sheet dale as a ￿$￿11 DI a past
event. il is probable Ihal an oulllow DI economic benelils will be required in selllemenl and the arnounl can
be reliably eslimaled.
Going ¢on¢em
The financial slalemenls have been prepared on a going concern basis as the trustees belitsve that no
malenal uncertainties eKIS1. The Ituslees have considered the level ol funds held and the expected level of
Income and expenditure lor 12 months from aulhorising these Iinan¢i31 slatemenls. The budgeted incorne
and expenditure Is sufficienl with the level ol reseFves lor Ihe charity lo be able lo continue as a goirg
concern.
Judgemènts and key sources of estimation uncertainty
preparation ol th8 financial statements ￿qUireS management to make judgèments, eslirnalès and
assumptions Ihat affect the amounts reported lor assets and liabilities as at the balance sheet date and the
amounts reported for revenues and expenses during the year. However, the nature of estimation means
that actual outcomes could differ Iiom thos8 estimates. The lollowng I￿1geMentS lapart from those
involving estimalesl have had an effect on amounts recognised in the financial statements..
Tangible fixed ass6ts ar8 d8preci8ted over their useful lives taking into 8ccount ￿sIdUal values, wherè
appropriate. The actual lives of the assets and residual values are assessed annually and may vary
depending on a number of factors. In re-assessing asset lives, f￿tOrS such as technological innovation,
product life cycles and maintenance programmes are taken into account. Residual value assessments
consider issues such as lulure market conditions. the remaining life of the asset and projected disposa
values.
Resetves
Extraordinary repairs
The Soheme requires the Trustees to sel aside a sum of tyjt less than £900 each year forthe purpose of
providing for extra-ordinary repairs, Improvements, and rebuilding of the Almshouse belonging to the
charity. The Tnjstees have designated appropriate reserves.
Deslgnated reserves
The charity designates reserves that are not freely available for general use bul which are part of its
accurnulaled income..
A Arthur designation represents a legacy received in 1992193 plu5 further legacies received in
2012113, 2018119 & 2021122. The Trustees are not aware ol any reslriclions on the use ol the
legacies but have nevertheless delemined they should be used for the benelil ol thè rèsidents.
Designations for cyclical maintenance and extraordinary repairs are explained in the rèspective
accounlirYJ policies sel out above.
Endowment fund
Endowment fund designation represents the Original investment in Ihe charity logelher wth subsequent
surpluses and deficits atlribulable lo that investment.
Restricted Funds
Restricted funds represent the social housing grant plus a donation of £9,000 ￿ceiVed in 2019 which was
applied lo the cost of improvements to the pathways and is depreciated as sel out in note 16.
11

THE LYGON ALMSHOUSES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
I. PRINCIPAL ACCOUNTING POLICIES (conllnued)
Flnanclal Instruments
Financial instruments such as loans. accounls payables, accounts receivables cash are classified either
as basic or complex. All financial inslrumenls are initially measured al their lair values al the lime the
transactions occur. Subsequently all basic in51rutnen15 are measured al amortlsed cosl and all compleA
financial instruments are measured al a fair value through the comprehensive income.
Financial inslrurnenls hekl by the Charity are classllied as lollows..
.Cash is held al cost
.Fixèd as5el investments ar8 held at fair value
.Olher Financial as5e15 such as Tèceivables are classifled as103ns and recelvables and held al amortls&
cost using the ell&clive inleresl method,
•Financial liabllities are held al amortised cosl using th8 tsfleelive inl8rèsl method.
12

THE LYGON ALMSHOUSES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Income from Donatlons and Legacles
2025
2024
Donations and Legacies
775
775
Income from charltablè •¢tlvltle>
2025
2024
Maint8nanc& contributions
Guest rooms
Sir William Powell managernenl income
Laundry & other income
274,578
5,350
28,177
12,646
241,696
3,745
21,787
8.023
318.751
275,251
Void losses Ibelng rental income108t a$ a result ol property not belng
let, although available lor letting)
6S7
12,080
Incom• from Inv•8tm•nts
2025
2024
Disldbulions ￿ceIVed from the Endowment Fund
Dislribullons received from the Archie Arthur Fund
Distribullons recelved from tho General Fund
Oistribulions r6inv8sled In the Extraordlnary Repalr Fund
Bank deposit Interest
19,927
4,519
2,126
1S,699
831
19,541
4,184
4.343
15,893
541
43,102
44,502
13

THE LYGON ALMSHOUSES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Analy55s of resources expended
staff Costs
Other Direct
Costs
Other
Allocated
Costs
Totsl
2025
Tolal
2024
Charhla
iv
ies
Clerf( and admin
Insurance
al&
Bank cha
Station
& sundries
Catenn
& entertainment
reciation
Warden
Utilities & counctl tax
Cleanin
and Gardenin
Equipment Mainienanc8
Routine Maintenance
Wnte off of arrears
59.995
59,995
10,325
23,536
653
4,024
671
42,449
21,119
35,746
27,789
18,637
139,474
1728
383,690
42.166
10.136
11.(64
10.325
23.536
653
4,024
671
42.449
rolessional fees
1.571
3.109
21.119
19.870
43.998
23.807
21,720
139,
2,500
354,829
35.746
4,666
18,637
139,474
17281
279,453
23,123
104,237
Total ￿Stricted ￿sourceS expeThJed at 31 March 2025 lotalled £45012024.. £4501
Govèrnancè
2025
2024
Accounting fees (including VAT)
4,176
4,130
4,176
4,130
Nèt Income I lexp¢ndlture) for thè year endlng 31 March 2025
Nel ir￿orne l {expendilure) is stated after charying I l¢redilirol'.
2025
2024
Depreciation of 18ngible fixed assets
Loss I Igain} on fair valL* movement of inveslrnenls
13.$40
(72,7951
14

THE LYGON ALMSHOUSES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Reporting accountsnl's rèmunèratlon
Amtsunls payable lo Independent Examiner..
2025
2024
Independent exarnination of accounts
Other financial stsrvices payroll
3,000
1,176
3,000
1,130
Trusta•s' and key manag8mènt pèrsonnèl remunèratlon and expenses
The key management personnel arè the Trusl6es. Truslees neither ￿ceIVed rKsr waived any
remunèration during the year12024'. £Nill. Truslees expenses were nil loi the yaar to 31 March 2025
12024.. nil).
10 Stsff costs and omployÉ• b•neflts
The averag& monthly number ol •mployees and fulllime equivalent IFTEI Ibased on 8 40 hour weekl dufiro
thè yèar endirrfJ 31 March 2025 was as lollows..
2025
Numb8r
2025
FTE
2024
Nurnber
2024
FTE
Charitable acliviliès
The tolal staff Costs and employee beneflls were as follows..
2025
2024
Wages and salaries
Social security
Pension costs
Training and other
98,490
2,316
2,955
476
77,351
2,053
315
104.237
80.063
No employee received lolal empioyee benefi15 of more than £60,00012024.. ￿ne1.
15

THE LYGON ALMSHOUSES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
11 Houslng propertles
Land
Houslng
Pro
ertlos
Property
rovements
Total
Cost
A11A
ril 2024
Additions
920,000
308,370
512,171
76,854
1,740.911
76.854
Al 31 March 2024
920,000
308,370
589.025
1,817,395
De
Al 1 A ri12024
Char
e for Ihe
ear
At 31 March 2025
recialion..
104,848
3,084
107,932
162,409
32,994
195,403
267,257
36,078
303.335
Net book value..
At 31 March 2025
920,000
200,438
393,622
1.514,060
At 31 March 2024
920,000
203,522
349,762
1,473,284
The nel book value of land and buildings comprise of freehold property.
12 Other fixed assets
Fixtures, Fittings
and Equlpment
Housin
Fixtures, Fittings and
Equipment
Office
Total
Cost
AIIA
ri12024
Addition5
42,165
27,239
19,753
69.404
19,753
Dis
osal
At 31 March 2025
42,165
46,992
89,157
De
recialion.
At1A
ri12024
Cha
e lor the
Dis
osal
Al 31 Ma￿h 2025
42,165
18,021
6,371
60.186
6,371
ear
42,165
24.392
66,557
Net book value..
At 31 March 2025
22,600
22,600
Al 31 March 2024
9,218
9,218
16

THE LYGON ALMSHOUSES
NOTES TO THE FINANCIAL STATEPAENTS
FOR THE YEAR ENDED 31 MARCH 2025
13a Investments
Market Value
Permanent
Endowment
Fund
Unrestrlcted Funds
Total Fund,.
Extraordinary
Repair
Archie
Arthur
General
Fund
As at 1 April 2023
Revaluations
Income re-invesled
Disposals
A5 at 1 April 2024
Rèvaluations
Disposals
Inctsme Re-invested
As at 31 March 2025
640,107
62.889
500.322
7,267
15,893
1154,1221
369,360
9,940
95.837
1,106
1,236,266
72,795
1S,893
114,122
140,0001
115,055 1,284.954
4.014
113,5401
1110,0001 1110,0001
15,69￿.
9,069 1,1n,113
933
702,996
129.8221
97.543
2,328
15,699
394.999
673.174
99,871
The historical cost of listed inveslm8nts held as at 37 March 2025 is £1,081.62712024.. £1.081.6271.
13b Investments
Cost
ma￿et Value
2024
2024
2025
2025
PERMANENT ENDOWMENT FUND
COIF Charities Ethical Investment
Trust - 226,955.92 income units
582,027
582,027
702,996
673.174
EXTRAORDINARY REPAIR FUND
National Association of Almshouses
Common Investment Fund
2024.. 4,646.926 accumulation units
2025.. 3,222.811 8ccumulation units
312,708
312,708
369.360
394,999
ARCHIE ARTHUR FUND
National Association ol Almshous8S
Common Inveslrnenl Fund
107,296.013 incorne units
71,626
71.626
97.543
99.871
GENERAL FUND
National Association of Almshouses
Common Investment Fund
2024.. 126,559.499 income units
2025..
9,743.102 income units
131.159
10,097
115,055
9,069
TOTAL INVESTMENTS
1 177 11
THE LYGON ALMSHOUSES
17

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
14 Debtors
2025
2024
Arrears ol weekly mainlenar)ce charges
Provision loi doubllul debts
Piopayments and accrued income
1,703
12,5001
7,097
3,850
13,5001
2,920
6,300
3,270
All deblors a￿ due wlhin one year.
15 Crèditors: amounts falling due wlthin one year
2025
2024
Trade creditors
Accrued expenses
Other creditors
7,6S9
19,942
3,127
1,429
12,3￿)
1,814
30,728
15,633
16
Fund ￿cOnc111at1on
Balancè at Surplusl
144fl¢I1)
IDlÈrest&
Inve5bnent
Incom•
DtprȢ
InvesThonl
Transfer to
Cycllcal
Trwh¥fèr
BaLirtce at
31 March
2025
2024
Extraotdln
ary
Roservy
Fund
A Arthul
regacy
Cycl￿al
rnainienance
99.870
97.542
2.328
6.821
S,235
13.157
Exyraotdinary
repai
369.361
9.940
15,699
39S,000
Ac¢umuLqled
528,702
125.2381
3,634
4,014
(6.2351
115,6991
488.977
Unrpslrirl2d
$efveS
1.002.426 125.2381
3.534
16.282
997.004
Re$tn¢ted
funds
1,063.202
1,062.752
Perynanent
Endowment
710.325
13.0841
129.8221
677,419
T¢)tsl
25,2
Extraordlnary ￿paIrS and the Archie Athur lega¢y are represented by fixed asset inv8slmer*ts as disclosed in the
investment note. The permanent endowment reserve represents the c051 of housing properties less the depreciat￿n
charge plus Ihe book value of investrnents including surpluses and deficits arising from the revaluation ol those
investments. The cyclical rnaintenance reserve Iscash backed by a separatelydesignatedbank account. Restricted fuTKIs
represent the social housing grant. £1.056.452, plus a donation from 2019 of £9.000 which was applied to housiro
improvements and is depreciated ov8r 20 y8ars, net book valve £6,300.
18

THE LYGON ALMSHOUSES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
17
Analy51s of net assets beh¥een funds
Unrestrlcted
funds
Endowment
funds
R8Stricted
funds
Totsl
2025
Fixed assets
Cash and Current assets
Current liabilities
973,602
54,130
130,7281
677,419
1,062,752
2,713,773
54,130
(30,7281
Total
997,004
677,419
1.062,752
2,737,175
18 Reconclllatlon of n¢1 In¢om? I lexpendlturel lo net cash flow from op•rattng i¢tlvlll•$
2025
2024
Nel lexpendilurel l incom8 lor year
138,7781
33,S89
Dividands racaived
Interest receivablè
Depreciation and impairment of tangible fixed gssets
Loss8$ 1198lnsl on invèstmènts
Decrease I lincreasel in debtors
In¢￿a$& I Idecreasel in creditors
142.2711
18311
42.449
13,540
{3,0301
1S,09S
143,9611
IS411
172,7951
5,454
137,6141
N•t cash flow from operadng ￿tIVItIe*
113,8261
181,4241
19 R•lat•d party tran$a¢tlons
Slr Wllllam Powell's Alrnshouses Ss 8 rglale(I party as the two charities had 2 Iruslees In common..
Councillor Adronie Alford
The Rev, Peter Dobson
During the year the Lygon Almshouses provided management Services lo SlrWi11iam Powell's Almshouses
forwhich il charged a fee of £26.177 12024.. £21.7871. There was a balance oulslanding al the end ol lh8
year £4.74412024.' £4871.
20 Capltal Commllm•nts
2025
2024
Capital expenditur8 Contracted for and nol provided for in the accounts
NIL
THE LYGON ALMSHOUSES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
19

21 Financial instruments
The Carryi[￿ amounts ol the charity's financial instruments a￿ as follows..
2025
2024
Financial assets
Measured al lair value through nel income l expenditure..
Fixed assel listed investments InDte 131
1,177,173
1.284,954
Measured al cost
Cash al bank and in har
47.830
20,861
Measured at amortised cost..
Trade and other debtors Inole 14 excl prepayments)
Totsl Flnancial Assets
1,703
1,226,646
3.850
1,309,665
Flnanclal Il•bilitie5
Measured at amortised cost
Trade and other creditors Inote 151
Totsl Financial Liabilitie5
30,728
30,728
15,290
15.290
22 Net Funds
Analysis of ¢hang8s in nel funds:
At 1 April
2024
Cash
Flows
Non-cash
Movements
At 31 March
2025
Cash and cash equivalents
Housing 108ns due in one year
Fk)using loans due alter year
20.861
26,969
47,830
20,861
26,969
47.830
23 Operating Leases
There are operating lèases held as at 31 March 202512024.. non&l
Accomrnodation in Managem¢nt
2025
2024
Number of
nits owned..
Supported housing and housing for older people
40
40
The￿ We￿ no additions or disposals lo units during the year12024'. non81.
20