CHARITY OF SARAH, DUCHESS OF MARLBOROUGH ACCOUNTS FOR THE YEAR ENDED 31 WIRCH 2025 R•gi#tèred Charfty Numbfrr. 209340
CHARITY OF SARAH. DUCHESS OF MARLBOROUGH FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page Key Personnel and Advisor8 Tru$tegs' RgPQrt Independent Examlnefs Report Statement of Finarla1 Activilies Balanc8 Sheet Noles to the Financlal Ststemenls 16
CHARITY OF SARAH. DUCHESS OF MARLBOROUGH KEY PERSONNEL AND AOVISORS FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES MsUDun Mrs E R H8rrfs Mr D Sèllèrs CllrJ A Tayhr Cllr DrA F Wen CLERK TO THE TRUSTEES MrMRoth OFFICE ADDRESS 48 Martborough Buildings H8ffield Ro8 St Albans Herttordshira AL13RW ALMSHOUSE ADDRESS 1&88 Madborough Builrfings Haffigld Road st. Alb8nS H&rtrordshirg ALA 3RW ACCOUNTANTS Mefcer& Holg LLP 72 Lond<yt Road St Albans AL1 1NS BANKERS BarGlays Bank PIC Lockey House St. Peters Street st. Albans Hertfordshire AL13AL SOLICITORS Taylor Walton SolicAlors LLP Thorny¢roft House 107 Holywell Hill st. Albans Hertfordshi AL1 1HQ INVESTMENT ADVISORS CCLA Investrnent Management knmited One Ange] Lane London EC4R 3AB
CHARrrY OF SARAH, DUCHESS OF fMRLBOROUGH TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustees have pleasure in presenting their Annual Report and Finanriai Statements of the charity for th8 yearended 31 Mar¢h 2025 The financial statements have prepared in accordance with the accounting policie5 set out on page5 10 to 12 arKt comply with the charity's trust deed. the Charities Act 2011 and Accounting and Reporting by Charities-. Slalement of Recommended Prach'ce applicable to chariJes preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland {FRS 102) {effeclive October 2019). OBJECTS OF THE CHARITY The objects are as set out in the scheme of the Htgh Court of Chancery of the 3 June 1867 arKI in the matter of the Charitable Trust Acts 1853 10 1939 and the Scheme approved for the regulation of the above- mentioned Charity sealed by Order of the 8oard on 2nd day of September 1955. They are the prOViOn and continuing maintenance of the almshouse in Haffield Road. Sl Albans for the benefit of poor persons of goocl tharader and over 60 ye8rs of age. PUBLIC BENEFIT Whèn p18nnlng the charity's 8Ctlvities. the trustees have considered the Charity Commi88ion'8 guidance on public benefft. and the trustees believe that the activity of the charity and the services that rt provides do constitute public bene TRUSTEES The trustees who have Served during the year and since the end ot the year are as follows". Mrs J Chamock (reslgned 10 Aprll 2024) Ms U Dunlea Mr B W Glbbard Ireslgned 20 January 20251 Mr D J Goo(lridge (r8signed 4 March 2025} Mrs E R Harri$ Mr D Sellers Mrs J Smith (appointed 27 June 2025) Cllr J A Taylor Cllr DrA Fen STRUCTURE. GOVERNANCE AND MANAGEMENT The Charity of Saiah, DuGhes5 of Marlborough is a registered charity llumljer 209340. 11 is govemed by Board of Trust, which is SPOnsible for the strategic direction of the charity and for establishing policy. Appointrngnt of TrustO05 The 8cherne allow8 for nlne trustees. One exdficlo who Is the Mcar for the tlme belng of tl)e Ecdesia$lical Parlsh of St. Leonards. Sandridge. Two Represenlalive Trustees appointed by Sl. Alban$ and District Counal for a term of fouryeors and six Co-optstive Trustees for a tem of five yeats by the Resolution of the Trustees The CcFopt8tive Trustees shall be persons res]ding or canwng on business in or near the Cty ofst Abans.
CHARI OF SARAH, DUCHESS OF MARLBOROUGH TRUSTEES, REPORT (Continued) FOR THE YEAR ENDED 31 MARCH 2025 Then considering new trLL8t80s. the Boar(I has Tegard to the requirement for any speaalisl skills n88¢J8d. New Twslaes rarg0 an induction PrO8S to brief them on their legal obligations under tharity law. the Charfty Commls&on guidance on Public Benefft, arKJ infomi them ofthe content ofthe Stheme. the deCIon-mag proces5 and the rerEnt financia perfomjance ofthe charity. Oryanlsatlon The Board meets up to 5 limes a year and there are sub-commllte85 covering r8$id8nts, finance and eslales The Twstees have appointed a Clerk to cary outth8 day to day management. OUR AGTIVITIES. AGHIEVEMEltrs AND PERFORMANGE The charity operates in a Grnde 2 listed building. providing arrnmmodatI y1h1n 35 sew-contained 8lfflshouse fl8ls, maintaining tho property and gwuunds ¥nd providing u)mmun81 f8cllities fcf the tefft of residents. The actNfaes undertaken to support these aims remain broadty gmi18rfrom yearto year. These indude carying out planned maintenance and upgrade proie(as in order that the alms-how accommodation meets the nesd$ofr8*dwts. The trustees are aware of the need lo balance the preservalion of the Lyjilding with the provision of accommodation that meets currenl standards. Accordingly. Ihe Trustees hava adcpted a Fdlcy of r•talnlng fiJThJs to ensure ihal the fabric ofthe building and ar£0Mmtra10n Is propety malntsined. Quinquennial suw are e8rried out every 5 ye8ts lo deleminethe requirements and thus of major repair works ofthe Charity. The next quirq¥Jenrrial suNey 15 scheduled for 2026r27. A kng-lern finanrial plan is mainta.ned to ensurelhatknds are teirvJ in a wto alkywfor term maintenarwQlkS to be carrted out. FINANCIAL REVIEW most recent a¢counts cover year ended 31 March 2025-comp8rative acuunts coverthe 12 months p&lod from 1 April 2023 to 31 March 2024. Totsl income forthe period was £295.50512024. £250.6111. Total expanthiure on Ihe charis acbvihes in Iha year was £180.840 coMled with £127.577 in the previoLtS period. In the general unrestricted fiJrKI. there wa5 a suuS for the year of £49,576 {2024: £240,55n yth the decrease due lo an unrealised loss on rovaluation of investsnonts compared to a gain in the prfor year. Overall, theTewas a surplus (general, and endovmwtt) forthe year of £46.125 {2024'. surplus £246,788) aftertsn9 a(zount ol movement in invegtrnent V81LkS &i%n9 durin9 the wiod.
CHARrrY OF SARAH. DUCHESS OF MARLBOROUGH TRUSTEES. REPORT (Continued) FOR THE YEAR ENDED 31 MARCH 2025 The market value of the Charitys COIF Fund investments decreased in the year by £68.54012024. £123.754 increase) bringirKJ the totd market ofthe pothlto in the to £1.402,522 as at 31 Marth 2025131 March 2024.. £1.471.061). The Iru5tee5 are eaSed th8 firwKial perfLO forlhe year. wlmch Ind thatth8 urthrfwng finarKial pwbon of the Charity is satisfactory. The 899 of the Charfty's wopety asset is gjch thet deta18 ofthe 0(nal o)st ore unavailable. The tnlslees see no usetul pufpose in eslimalirg current usage values for property ofthis typ6 and. therefore. the value of freehc4d propety is not refiected in the finanaal statements. The sum in5LEred for the butldings at 1&88 Haffield Road. is Cu£8.874.099. Investment Pollcy and Perforniance There are no restsicti¢Jns on the Charivs power lo invesL The investrnerrt 04ective of the trustees is to combine inccffle and capital gr in a conseNative manner. The finance committee Tegularfy seeks professlonal athee on the allti¢ati¢Jn of investments. The assets of the Charfty have bpen dlvkled Into thefolkmlng fun(ts: 1. Capital- Endovmi•nt Fund This is th8 Charivs permanent capital base arxl onlythe income arisry from ful may be expended ¢)n thè Chafttys otfjeds. Major Repairs- Designated Fund Thisfijnd can be ubTisgJ lo finaT nOn-rUrring repair5. ReL¥rt surveys I[KZtelhatthi5 ftUKIwi L ci)nwml wilhin the merfium iem). General Fund This represents the day to day aclNty ofthe charityar can te ublised by theTn&stees aslhey see ffit This is currenty invested in the COIF Chwibes Investrnentfvnd. the Bardays Bank Currentrnnt and ts Bardays Bank Business Savera%wnL The truste8S o)ntinueto Wieve it is prudentto maintsin reserves atttms Iwd. Trs wll ccntiwlo b8 reviewed annually as part oflhe kng-tenn plan. R•sorv66 £704.89512024" £587.972) at 31 Mattt 2025. trusiees 5ealo m&rthn Lmrestsicted reserves ata levd that wll allowthe day lo day opwakn of the 8lm5hcu5e to ccrfinue fOr1fr)TeSeeableftJlU and current level of reseNes 15 consistentwith this. The trustees are aware that larger One projeLs will require some inveslmorrts to be reatised.
CHARITr OF SARAH. DUCHESS OF MARLBOROUGH TRUSTEES. REPORT (Continued) FOR THE YEAR ENDED 31 MARCH 2025 RISK MANAGEPJIENT The Trustees continue lo considerthe major risks to %thieh thè Charity is exposed and go Satisfi that systems are in placelo mrb"g8 those maten.al risks. PLANS FOR FUTURE PERIODS A plan is being implomented lo nhanc• the fire rosislance of the Chority'$ prgmi$o$. Thero are no other major projects planned for the immediate luture. TRUSTEES RESPONS81UTIES IN RELAnoN TO THE FINANCIAL STATEMEiirs The charity trustees are resporv3ible for preparing a Trustees. Annual Report and the finanaal statements in accordance with apPlicae law and Unitad Kingdom AccountFng Standards IUnil8d Kingdom Ganerally Accepted Accounting Practice). The law applicable to chanties in En9land & Wales requires the tnjstees lo prepare financAal statements for each financial year which give a Irue and fair view of the of the charity and of the incoming resources and application of resources of the chanty lor that Feriod. In prepanng these finarrial statements. the trustees are required to: al setect surtable accounting policAes arKI then apply them con3i3tenUy', bl obseThe the methods and princAples in the Charilies SORP.. cl make judgments and estimates that are reasonable and prudent., dl state whether applicable accounling standards have been followed, subject to any material el departures discloged and explained in the financial st8lemenl$. f) prepare the financial statements on the golng concem basis unless it is inappropriate lo presume that the charity will continue in operatÉon The trustees are responsible for keeping proper aecounting reccids that rfisclose with reasonable accuracy at any timethe financial position of the charity and to enable them to ensure that the finanual statements comply with the Charities Act 2011. the Charity IAccounts and Reports) Regulations 2008 arid the provisions of the tnjst deed. They are also responsible for 8afegu8rding the assets of the ch8rity and takirya reasonable steps for the prevention and detection of fraud and other irregularibes. Approved by the trustees and signed on their bghalf Dr Allison F Wren
CHARrrY OF SARAH, DUCHESS OF MARLBOROUGH INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF THE DUCHESS OF MARLBOROUGH CHARrrY I report to the charity tneets on my examinabon of th& acix)unts of the charity for the year ended 31 March 2025 whiGh are set out on pages 8 to 17. Respon51bllltles and basls of roport A8 the charit8 tfustees you aro re$pon$ibla for th• preparation of thg accounts in accordance the requirements of the Charities Act 2011 (Ihe A¢f). I rew>rt in respect of my examination ofthe thariS accounts carried out uni5er section 145 ofthe Act and in carrying out my examination I have followed all the apICable Direction5 given by the Charity Commisston under section 145{5){b) of the Act. Indopondont examlnefs ststsmènt I hav& eomplètad my examlnatl¢)n. l eonfirm that no materral matters have como to my attèth.on In connection wth the examination giving me cause to bdieve that In any matertal respect accounttng recordswere not kept in respect of the charity as r8quir8d by section 130 of the Act or the a¢¢ounls do not accord Mth those records., or the accounts do not comply wth the applicable requlrements conceming the form and content of accounts set out In the Charifjes (Accounts and Reports) Regvlats"ons 2008 other than any requirement that the accounts give a and fair vievl which is not a matter eonstdered as part of an independent examination. I have no concerns and h8ve come across other matters in (neth0n with the examination lo aitenlion sh(JJld be drawn in this r¥port in order to enable a proper understanding of the accounts to be reachecl. st•v• Robinson FCA Institute of Chartered Accountants in England and Wal8S 72 London R08d StAlbans AL1 1NS Date 14 January 2026
CHARITY OF SARAH. DUGHESS OF MARLBOROUGH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 General Unrnstrtetsd Fund¥ Endowment Fund Total Year ended 31.3.25 Total Year ended 31.3.24 INCOME AND ENDOWMENTS Charifable adivitses Conlribulion$ by Residents 228.9 228.909 207,797 Invesim&nl Inely". . Inter8St - Dividends 24,858 24,858 40.008 3.146 39.418 Olher Income 1,730 Totsl Incom 295.505 250611 EXPENDITURE Charitable Actlvltles: OperatM ofAlms-house 180.840 180,840 127,577 Total Expenditurè 180.840 180.840 127.577 Net In¢omollExpendlturn) before other recognised galns and losses carrlod forward 114.665 114,665 123,034 Unr•alis4d and rgallsed gainsl{lossesl on investrnent assets 165,0891 {3,451> 168,$40) 123,754 Net Incomol{Exp•ndltuml 49.576 {3.451> 46.125 246,788 Transfers betsyeen funds Net Movement Tn Funds 49.576 {3.4511 46.125 246.788 Fund balances brought forw3rd 1 April 2024 2.059.032 2152836 1.SYJ6,rM8 Fund bafancos carrfed forward 31 Mar¢h 2025 12 2,108.60B 9Q.353 2 198,961 2.152.838 The Statement of Finanual Activitie5 indudes all Gains and Losses recognised in the year. AU the ab)ve results a derNed from o)ntinuing activibes. The notes on pages 10 to 17form Fartof th8s8 fin8na81 staternents.
CHAR OF SARAH, DUCHESS OF PIARLBOROUGH (Regi¥tered Gharlty Number 209340) BALANCE SHEET AS AT 31 MARCH 2025 31.3.25 31.3.24 Notes FIXED ASSErs Tangible assets Inveslments 1,191 1471061 1,403,713 1,471,Cffj1 CURRENT ASSErs Dèbtors 15,408 704.452 Ca8h at bank in han(1 799.292 828,052 719,860 CREDITORS: Arnountsfalling du¥ 38.085 withÉn one year NET CURRENT ASSETS 795.248 681,775 NASSEr$ 2,198.981 2.152.836 CHARITY FUNDS GeneT81 1.711.893 1,662.318 Designated FurKIs.' Major Repairs Fund {fomw Emergency repoii lundl Utility Fund 396.715 396,715 Total Unrestrleted Fund& 10 2.f08.60B 2.OSg.033 ENDOWMENT Capital Fund 11 TOTAL CHARITY FUNDS 2.198,961 2,152,836 Approved on bohalf of tho Tn8& DrAllison F Wren Tnp noies on page5 9 to 10 TO pan ofthese flnanclal SleMents.
CHARrrf OF SARAH, DUCHESS OF MARLBOROUGH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POUCIES Ba818 of A¢¢ountlng P¥8ch. A¢Unn9 and Rep)rtllig by Chartbe$ pr8paring their accounts in ac(y)nlance with Financial Reportin9 Slandard appllcable In the UK and Republlc of Ireland IFRS 102) on 1 09br2019 8nd the Financial Rewrung StsniJar¢ applicable In the Unlte(I lfjngdom and R8publtc of Irthnd IFRS102), the Chariis Act 2022 a1 UK GeralY Ac£apted Prathe. The Charfy Lvnstiluks o publicentiiy as defined by FRS102. Th8 Trustees con&derthatlhere ale material unc8rtairth8 about the atilfy to conknuo as a going nen. Jud9ements and key source# ofestlmatlon uncertAlnty The preparation ofthe financ•al statements requires Man89lentI0 makeNidg8ments. esimates and as5umpilS that aff Ihe amounts reported for8ssets liat4"r"eS as al Ih8 balae sheet date and the amounts reported revenues 8nd expense8 during1h8 ye8r. Tr thre of estirnotion mean5 that aLlual outo)rne8 ¢ould thfferfrom tlwse esttmates. The follwng jUements have had a significant effect on amounts rea)gnlsgJ trj the tjnandal Smen. Froohold Property Th• ofthe ChariVs propety assets 18 suth that details ollhe 911 ¢ost ar• unavallabl8. Tr Irustees see no usefvl purpose In estimating OJfTent usage values for prcFerty of this type and. therefore. the value offreehokl propty is not refflected in the fjnBnc4al state[. TanglbEo flx•d as8 and depr8ciatson All 8&%ets arArt from freehold prcm oJ8Ur¥J rm than £1.CIY) 8r& rApilaltsed and valued al hbtoric cosL Deprecjabon is tharoed on eXistti aquiprrEnt C a str8ighl-fin& b8$ig Over tts esbmated 11 lrfe of 10 years. the tftèstees a&sess thatfaw valug 16 less than ngl book the a58ets a irwwted. Investmonts Invesfvnts arè indudèd wrfhin Ihe Ban sheet at the MalValUe e¥isliThJ at the BJan¢e Shtei d*. The stat8m8nt offinanaal arthe$ indJe$ the net gains and Jossès arisiNJ eA) rèvauation and dIspos$ durin9 the
CHARTfY OF SARAH, DUCHESS OF MARLBOROUGH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 {Contlnued) ACCOUNTING POUCIES Icontinuedl Incom• Rocognition Al income is Tecognised On the charity has entitlemenl lo the intsrymè. Ihèrè is ènough cartainty of rèc£ipt and so it probable that the income will be received, and the amount of iwthme receable (an be measured Teliabty. The followng spfic povcies are 8pplutAe to thgories of irwme: Investment Income is ir1led within the Finanwl Slatements on 8 gross basis. irtdudin9 cr•dit for tax deducaed at source. for amoLuts TeceNable at the Balan eet date. Contributions from Ridsnts ar8 itKaudad in the Slatemenl of Financ4al Adivities in the period on a ra¢8ivablè basis. R•alis•d gah and loss•s All gains losses are taken to the 5tateTTth of finanaal [1¥15 as they arise. Realised gains and lJ$5es on investrnents are LkyJlèted as the belween sales proceeds and their opening ¢8rying v8lue orthÉir purthasevalue rfwuired sub5equenttothefit5t day ofthe finanoal year. Urtre8lised ga$ and losses are calcuL9ted 881he (Iff8 b8b4w ttwrt8rv4ug 8tlhè yend a)d Ihe(rcanwngYth. RealLwJ Lreakn1 gan5 et))mbin&J Exp•ndltur• Liabiltbes are recconised as experKllre as soon as IFEre is a IwJal or constnJcve oblatIon rnmrtts"r th8 rity to tst exFEn¢AttJre, itis prb[8 1h8ls811l8ThIII rw4Ul. aThJ the anuntof0b1Vkn?n can b mèasu reliatly. All exPendir is a(munt•d foron an actswfs basis. •xpenses, SUPFXJrtcrJsts and govemance 8t$, ar& allsxated or apporttoned to the applicable expendtture heading8 in the slattrment of fin¥nrial activitie¥. Charftable actlvltles CharflaNe expendlbJre ojmprtsesthose LThts inDJrred try Ihe thatity in ts ddiwyofits Ve$al Serv5 costs of8n inthrecl naiure, necessary lo Sup them. lo¢ation ofsupportond g4Mmanc• costs Costs that arg directy ailribulabte afe reallocaied on a Charitab actswty ba813 and SUPrt costs then addgd. Central administration and support costs are apportioned lo the tharil•ble 8¢tivrliès on a i•asonabl• and consistent basis Irrecovernble VAT Irreoiveoble VAT is d*rg¢d against the expenditure hdIng forwhith ilvms inGUtred. io
CHARITY OF SARAH, DUCHESS OF MARLBOROUGH
NOTES TO THE FINANCIAL STATEMENTS
FOR ThE YEAR ENDED 31 MARCH 2025
(Continu•dl
ACCOUNTING POUCIES 1¢ontIndI
Funds Structuro
unreStrkj incom8 fur¥Js cnpl15e those funds whith Ihe lJustees ate fTPÈ lo use torany puwJs& in furtherance
of the charitable objectivés. Unrtststded funds indu(le egnated funds where the Iruslees, at Iheir discretion.
have cre#ted 8 fvnd for ¥ $peofi¢ pufpos•.
Th9 capital gndowmonl fijnd 15 the charity5 pean81 caprt81 base and Ihe income arising from Ihis fvnd May
be expended on the charivs objectives.
Furtherdetalls of ea(b fund are dk%dosed in Note 12.
Debto
Trade and other deblorB arg rgcognised al lh¢ settl¢m¢nt amount due afier any trade discounl offered.
Prepayments arevaI at the am pyepaid net ofanytrth
CHARrrf OF SARAH, DUCHESS OF MARLBOROUGH NOTES TO THE FINANCIAL STATEMETrirs FOR THE YEAR ENDED 31 MARCH 2025 IContInu) ANALYSIS OF EXPENDITURE ON CHARITABLE AGnviTY Operdting costs of Alm•houe¥ Support and governance costs 31.3.25 Opernting costs of Alm•hou¥• Support and gov•m*ne• Costs 31.3.24 Proparty. repalrs. refLtrrbishment and malntenar Light and heat Insurar Watei charges Garden and tree malntenance General upkeep subripl10n8 Council tsx Legal and piofess50nal WMC Collecbon fees Sundry èxpènst8 51.396 51.396 45.733 45.733 67,027 5.038 3.063 6,014 67,027 5,038 3.063 6.014 34,755 5.199 3.459 3,865 34,755 5,199 3.459 4.748 889 3,567 18.05B 22.806 889 3.567 13,288 3,206 892 2,548 16.272 19.478 892 13.288 4,694 4.694 6.537 6.537 6.000 1.215 1,215 954 954 149.494 31.346 180,840 106.611 20.966 127.577 Support and gOv•Man ¢osts IIn¢lUd •l>ov•l: 31.3.25 31.3.24 CleTk's fees and experEses Independgnl examination fee Legal and Professional 18,058 5,821 7.767 16.272 31.346 20.966 12
CHARITY OF SARAH. DUCHESS OF MARLBOROUGH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 {Contlnued) 5. PAYMENTS TO TRUSTEES The Trustees receNed no rwnunerabon for thairwob* 88 Tnte•S in either the current or prec4din9 period. During Ihe period rK) tN5tee5 reiVed reimbur5ementfor expenses. TANG18LE FIXED AsseTS Cost at 1st Aprtl 2024 Addityons Dis819 Cost at 3181 Mard) 2025 1.3110 DepcIall0n at 1st Aprfl 2024 Depreuation charge for the year Elimination on disposals Depreciation al 3151 Marth 2025 11091 Net Book Value at 31st March 2025 FIXED ASSETS INVESTMENTS Deslgnated Funds Endovfflignt Fund8 Total Co¥t At 1st April 2024 Addilions Disposals At 31 March 2025 777.347 26.326 803.673 777,347 26.326 803.673 Market Valu At lai April 2024 Additions Disposals Gainl(los$l on investments At 31¥¢ March 2025 1.397,001 74.061 1.471.062 65,089 1 331 912 3.451 70.610 68.540 1.402.522 Loss on investments compiise unrealised losses on Tevalu8tion to market V81ue of £6B.54012024: Nel gain$ £123.754) 8t reaÉised gains on dispoSS Df investments of£Nil (2024". £NII. 13
CHARITh OF SARAH, DUCHESS OF MARLBOROUGH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (Continued) Details of material inveslmenl are as follows: % Vgluè of Portrofio COIF Charity Fund8 Income un5ts 100% DEBTORS 31.3.25 31.3.24 Amounts due from Residents Prepgyments and ac¢ryed income 3.684 11.724 32.760 32.760 15.408 9. CREOITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trnde CditorS Accruals and dof•rrnd incomo 204 32.600 5.795 32.290 32,804 38,085 14
CHARTr1 OF SARAH, DUCHESS OF MARLBOROUGH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 {Continued) 10. ANALYSIS OF MOVEMENTS IN UNRESTRICTED FUNtYs %lo¥ement In funds Balance Incoming at l April resources 2024 Exndre G8in8. Loy & Trnnsfers Balance at31 March 2025 General Fund 1.662.317 295,505 (180,840) (65,089) 1,711,893 Designated Funds Major repairs fund 396.715 2.059,032 396.715 2 108.608 180.840 65,089 The Mapr Repairs Fund Ifom7erty Emergenuy Repair Fund) was (xeated to finare n-reCUrring repairs. 11. ENDOWMENT FUND CAPITAL The c2pilal fund FS the charity's peanent capital base and the in(x)me arising from tS fund may be expended only on the charitys objects. 12. ANALYSIS QF NET ASSETS BETWEEN FUNDS Unrestricted General Unrestricted Designated Endowment Fund Total Funds Fixed Asset Invesljnorrts Net currnnt assets 916.845 795.248 396.715 90.353 1,403.713 795,248 1.711.893 396.715 90.353 2,198.961 31.3.25 31.3.24 Unrealised galns on Inveslmont a•ts In¢lud•d abové: Unrealised yair55 as at 1# April 2024 14et 94ln8111088e8} on revaluatlons durlng the year 1.069.083 {68.540) 945.329 123.754 Unreali$ed gains a$ at 31* March 2025 1.01)0.543 1.069.083 15
CHARtrY OF SARAH, DUCHESS OF MARLBOROUGH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (Continued) 13. ULnMATE CONTROLUNG PARTY The Trusts08 ¢on11nu¢ to èxeTdse fAXrtToI overthe affalrs of the ¢harity. 14. RELATED PARTY TRANSACTIONS No other Telaled party tron$8¢lions gro$e lrt the ¢urrenl ptrriod or preceding year. 15. FINANCIAL INSTRUMENTS 31.3.25 31.3.24 FlnancSal assets Financtal assets meaSLtred at fair value through profit or loss Financial assets that are debt instrumenis measured at amorlised st 795.262 704.452 T95,262 704,452 Flnan¢l81 Llabllltle¥ Finartciaj liabilibes measured at amotlised {32,8041 138,0851 32.804 38.085 16