C J Gallard's Almshouses, Charltable Trust
Finalleial statements for the year ended
31st December 2025
R¢gistered Charity No. 209787
Index
General infOrn￿tIon
2 Report of the trust¢¢￿ and stat¢m¢nt of r¢sponstbilities
Independent examiner'g report
6 Statement of f]ndnLial activities
7 Statement of f]nancial activiti¢s- 2024 ¢omparativ¢
8 Balance sheet
9 Nofrs to the financial statements

C J Gallard's Almshouses, Charitable Trust
General Information
Trystees.. The Charity TTUStees who served during ttLC ycar w¢re as follows:
Ex-officio
ReveTend R Wilson The Vicar of ihe Parish ofst Thomas, Southborough
Nominative (See Governance section for changes to this class of Trusfres)
Mrs J Prance
appoinled ty Souikborough Town Council
Councillor T Poile appointed by Tunbridge Wells Borough Council
Mrs M. Morton
appointed by Tunbi'idge Wells Borough Council (ended 26 May
2025)
Cowoptative (persons who have resided or Carried on business in or near
SouthboTough and appointed by the TTUStecs)'.
Mr G J Coventy (Kice Chair)
Mr N Powell
(Chair)
Ms D Hill
Mr A Langford
MTS B Wisdorn (resigned 19 December 2025)
Clerk and Treasurer to tbe Tru$tees-.
Mr Philip Grninger
(re.gigned 31 March 202
Mr David Woosnam (appoinled 01 April 2025)
Almshouses, MAnager:
Miss M L M¢Dowall
Address..
27 Gallard's Close, London Road, Southborough, K¢nt, TN4 ONB
Bankers:
CAF Batdt Limiled
25 Kings Hill Avenue. Kings Hill, West MalIing, KenL ME19 4JQ
Solicltors..
Bates Wells
l O Queen Street Place. London EC4R I BE
Accountants..
Begbies
Unit 14, P￿k Barn, Evegate Busine&s Park, Smeeth. Ashford TN25 6SX
Member of:
The Almshouse Association
Billingbear Lodge, Maidenhead Road, Wokingham. Berkshire, RG40 5RU

C J Gallard's Almshouses, Charitable Trust
Report of the trustees and statement of responsibilities
GovernaneÈ'.
The Tr￿st is a Regisfrrcd Charity governed by Schemes made by the Charity
Commission having as its principal object the management of the properties known
as the C J Gall&rd's Almshouscs. consisting of self-ci)ntained flats in Gallard's
Close, London Road, Southborough. Kent, TN4 ONB. Applicants have to be men
and women of limited fjnancial means over the age of 55 years who have resided in
the BoTougb of Tunbridge Wells with priority given to applicants from
SouthborouglL The Charity is financed by Weekly Maintenance Contributions
("WMC") from the residents, income from Investments and Ark Comrnunity Room
lettings and donations. Any surplus must be applied for the benefit of the residents.
The Ttust has been administered by a body of up to nine Trustees which in¢lude the
Vicar of St Thomas's Church, Southborough, two persons nominated by the
Tunbridge Wells Borough Coullcil {"TWBC"), one nominated by the Southborough
Town Council and five persons who have resided or carried out busin¢ss in or near
Southborough. However, TWBC announced in 2025 that they would no longer
appoint Trustccs to charities. As a result of this, at a Special Trustees, Meeting held
on 13 November 2025, it was agreed that the body of Trustees will in ￿tUre be
rnade up uf seven Co-optalive Trustccs (an increase of two} and one Nominative
Trustee from Southborough Town Council. At the end of 2025, of the two TWBC
Nom3native Trustees, the tenure of one has expired (Mr5 M Morton) and upon the
expiry of the other (Mr T Poile) the post will become a Co-optstive appointment.
The TNstees believe that they have complied with the duty in section 4 of the
Charities Act 2006 to have due regaTd to public benefit guidance published by the
Charity Commission and that they comply with the Governance and Financial
Viability Standard published by The Homes & Communities Agency.
In addition to the tru8tee meetings held every two months, sub committees assemble
to agree on policy matters, obligations under charity law and to monitor the Lharily's
fll)ances and fabric.
RevleTrv of activities:
Following on from the 2023 Quinquennial report, the year concentrated on repairs
and maintenance of the estate as well as a full review of fire safety arrangeroents.
Five new boilers were f1tted in resident's l]ats meaning that over half have now been
upgraded. This process will continue as required.
The gardens were enhanced with a new patio area as well as a repaving under the
pergola.
During the year. two TNstees stepped down. Mrs Beatrice Wisdom, a Trustee of 17
years standing and a fonner ChaiT of the Board of Trustees, retired from her
positson. The Tn]stees would like to express their thanks for all the time and effort
Beatn¢e contributed to life at Gallard's.

C J Gallard's Almshouses, Charitable Trust
Report of the trustees and statement of responsibilities
Mrs Marguerita Morton also stepped down following the expiry of her four-year
tenure as a TWBC-appointed Trustee. Her wise counsel was always a great asset to
Trustee meetings. We wish her well.
Recruitment of replacement Trustees is undenvay.
The Trustees agreed an increase in WMC of 7.30/0 from £123.50 to £132.50 for 2025
followingJ an increase of 6.3 % the previous year. However, a non-statutory valuation
carried out by the Valuation Office Agency in September 2023 produced an
equivalent fair rent figure of £190 PToviding, TLUStees reassurance Ihat our charg7es
retnain substantially lower than the market level for comparable single bedroomed
accommodation in the area.
During this period one flat bccame vacant which mcant a temporary drop in income
from WMC ovcr th¢ ycar-cnd. Th¢ pro¢css to appoiiit a ncw r¢sidcnt is wcll
undenvay.
The Almshouse Manager continu¢d to organis¢ so¢ial and fundraising events on
behalf of various local charities.
Financial reTriew:
Total income rose to £259,878 in 2025, an increase of £84,122, but this includes a
Provision for recovery of legal costs and interest thereon of £73,342, which is yet to
be received. Expenditure rose £1,490 to £169,065, principally the result of increased
management and administration costs. The surplus before investment revaluations
was £90,813 (2024.. £8,181).
The prices of the Trust's income and accumulation investments rose, and the overall
value of the portfolio increased by £23,511.
Overall, there is a surplus for the year of £114,324.
Reserves policy:
The Reserves held by the Charity support the main objective of the provision of
accommodation at C J Gallard's Almshouses for the benefit of eligible residents of
the Borough of Tunbridge Wells. The reserves, excluding7 the restricted Pemlanent
EndoThThent Fund, Extraordinary Repair Fund and Restricted Fixed Asset Funds, and
the provision for recovery of legyal costs totalled £12,834. These Reserves enable us
to meet cyclical maintenance costs and include a provision for special projects and a
seneral reserve. The Trustees, policy is to hold a gyeneral reserve. in addition to the
Permanent Endown]ent Fund and restricted dnd de5igTndted funds and reserves,
equivalent to three months. general expenditure. That level stands at £10,172
{excluding the provision for recovery of legal costs), an improvement of £5,752 on
last ycar.
It is considered that the reserves are adequate lo cover known future needs.

C J Gallard's Almshouses, Charitable Trust
Report of the trustees and statement of responsibilities
Trustees, responsibilities in relgtion to the financial stAtements:
The charity tn￿te¢S responsible for preparing a tNstee8' annual report and
financial statemcnts in accordance with applicable law and United Kingdom
Accounting Siandards (United Kingdom Gen¢rdlly Accepted Accounting Practice).
The law applicable to chaTities and regftstered social housing PTovid¢T$ in England
and Wales requires the t￿￿teeS to prepare fitwicial statemenLs for eacb financial
year which give a trne and fair view of the state of affairs of the charity as at the
balance sheet date. and of tts income and expenditure for that period. In preparing
the financial statcments the trustees are required to..
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the applicable Charities SORP-
D]ake judgemerlts and estimates that are reasonablc and prudent.
state whether applicable accounting standards have becn followed, subject to
any rnaterial departures that must be disclosed and explained in the fll)ancial
statements, and
pr¢pare the accounts on the going concern basis unless it is inappropriate to
presume that the charity will continue on that basis.
The trustees are responsible for keeping proper accounting records which disclose
with reasonable accuracy at any time the financial position of the charity and to
enable them to ensure that the fmancial statements comply with the Charities Act
2011, the applicable Charities (Ac¢ounts and Reports) Regulations, the Housing &
Regeneration Act 2(M)8 and the Accounting Direction for Private Registered
Providers of Social Housing 2015 and the governing document. They are also
responsible for safeguarding the assets of the ¢harity and hencc for tsking reasonable
steps for the prevelltion and detection of fraud and other irregularities.
Approval:
The report was fonnally approved by the Trustees at their meeting held on 28 May
2026 and is sign¢d their behalf by-
Chair of Tnist¢es'.
28 May 2026

Independent examiner's report
to the trustees of
C J Gallard's Almshouses, Charitable Trust
I report to the trustees on iny exainination of the accoiints ofc J Gallard's Aln]shouses' Cliaritable Trust for the year
ended 31 Deceinber 2025 which are set out on pages 6 to 15.
Responsibilities and basis of report
As the charity tTUStees of the T￿st you are responsible for the preparation of the accounts in accordance wth the
rtquircincnts i)f thc Charitics Act 2011 I'thc Act,).
I report in respect i)f my examination of the Trustets, accnunts carried out under section 145 of the 2011 Act and in
carrying out my cxamination J havc followcd all the applicablc Dircctions givcn by thc Charity Commi%%ioncr l￿der
section 14515)(bl of the 2011 Act.
Independent examiner's statement
I have Loinpleted iny examination. I confirni that iio ￿￿ter1￿1 ￿￿tter5 have come to my attention in connection with the
exa]nIt￿tIO1) giving me cause to believe that in any ]naterial respect..
111 ilLLuuIilin¥F records were not kept in respect of the Tnjst as required by section 130 of the Act; or
121 the accounts do nol accord with those records,. or
13) the accounts do not comply with the applicable requirements concerning the forni and content of accounts set Llut
in the Chariiies (Accounts and Reponsl Regulaiions 2008 other than any requiremeni that ihe accounts give a
true and fair view, which is not a maltei considered as part of an independent examination.
I have no conceTn5 and have COTne acr055 no other Tnatters in connection with the exaTnination to which attention should
be draTh￿ in this Teport in order to enable a PToper understanding of the accounts to be reaclied.
Daniel Valentine ACA
Begbies
(."Iiarie*edAc¢oiinlortlS
Unit 14
P￿￿k Barn
Evegate Eliisiness Park
Sineeth, Ashford
TN25 6SX
2 Junc 2026

C J Gallard's Almshouses, Charitable Trust
Statement of financial activities
for theyear ended 31st December 2025
Total
3J Dec
2025
Total
31 Dec
2024
Endowment
fund
Restricted Designated Unrestricted
fuAd$
funds
fund
Notes
Income frotTh:
Charitable activities
- Weekly maintenance colltribution5
Other Activities
- ￿.k Comtnunity Roon] l¢tlittgs
Donations
Jnvesijnents
Other- recovery of legal costs
Total income
4.265
169,807
174,072
160.365
3,135
3.135
200
9,128
73.342
3.767
300
8.648
2,676
200
3.65S
5.470
73,342
14
3.655
4,469
251,754
259,878
175,756
Expenditure on:
ChaT]iabl¢ a¢tivities
- A]mshous&%' expenditure
- Cycliral Tnaintentnce
- Management and administtation
- lJtere51 payable
Tot*1 expenditure
80,242
80,242
24,949
45.839
93,578
20.112
34,822
19.063
24.949
45,839
18,035
24.949
144.116
169.065
167,575
Net income before gaiDs Ind
lo&se8 on investJnentS
3,655
{20A80)
1117,638
911.813
8,181
GAi1151110sse51 on xnvestrnent a55ets
13.168
IOJ43
23.51J
7,224
-yet Into￿&{expen￿lture)
13.168
13,998
{20,48O)
107,638
114,324
15.405
Tr&nsfers betweeD funds
17,741
IOJ03
(28,544)
Net movement in funds
13,168
31,739
{9,677)
79,lJ94
114J24
15.405
Reconciliation of funds:
Toial fund% broughi forward
Totll funds earried forwlrd
13
115,429
2,113,037
12,339
4,420
2,245,225
2,229,R20
13
£1211.597
£2,144,776
£2.662
£83,514
£2J59J49
£2.245.225

C J Gallard's Almshouses, Charitable Trust
Statement of financial activities
for theyear ended 3Jst December 2024
T(btal
31 Dec
2024
EndowJDent
fund
Re$tri¢ted Desigllated Unrestricted
fund5
funds
fund
Notes
tncorne fro
Charitable activities
- Weekly maInte￿ance ¢otttributions
Other activitie5
- Ark Con]munity Room lettiThgs
DonatiODS
Investments
Other- rrfov¢ry of legal ¢osts
Total income
3,619
156,746
160,365
3,767
3,767
300
8,648
2.676
300
3,413
5,232
2.676
3,413
3,922
168.421
175,756
Expendlture on:
Charitable activities
- Almshous¢s' c%penditure
- Cyclical ]naintenance
- Managcnrrlt alld admiDistration
Interest payable
Total expeTkditure
93,578
93,578
20,112
34.822
19.063
20.112
34,822
19,063
20.112
147,463
67,575
Net Éncome before gains ADd
losse$ on investments
3.413
{16,1901
20,958
8.181
Gal￿5/(10$5eS) on Investment s￿¢*$
3.743
3.481
7224
Net incomel(expendibJre)
3.743
6,894
(16,190}
20,958
15.405
Transfer5 between funds
14,573
1.500
{16,0731
Net Move￿ent in funds
3,743
21,467
114,690)
4.885
15,405
Reconeiliation of funls..
Totd fund$ brought fonvard
Total fund$ tarried forward
ij
111,686
2,091,570
27.029
{4651
£4.420
2,229,820
£2,245,225
13
£115.429
£2.113,037
£12.339

C J Gallard's AEmshouses' Charltable Trust
Balance sheet
313t December 2025
Notes
2025
2024
T•nglble Ilxed #Ssets
1314J26
2,314,326
I]tYe5tments
227,936
200,770
Current assets
Debtors
Cash at bank and in hand
74,521
15,345
89,866
380
19,807
20,187
Crtdltors: Al￿￿UDts falling due
thitt one y¢ar
(211,680)
{21,170)
Net eurreRt a55ets Olabllitl¢$)
Total asset9 less curreDt liabi]itxes
69,186
(983)
2,611348
2.514.113
Creditor5: Amounts falling due
aft¢r more than one year
Other ¢reditor¥
io
251*99
268,888
(251,899)
(268,888)
£2,245,225
£L359.549
Capital and reserves
Unrestricted fullds
General reserve
Designated reserves
Restricted fixed asset funds
Other T¢skn¢ted ￿ttds
Pern￿llent e￿d0￿￿￿ertt
12&13
13
13
13
13
83,514
2,662
2,045,437
4,420
12,339
2.029.838
83.199
115,429
128.597
£2,359,549
£2,245,225
Approved by the Trustees on 28 May 2026
on their behalf by
Mr N Powell
Chair
Mr G J Coventry
Thistee

C J Gallard's Almshouses, Charitable Trust
Notes to the financial statements
31st December 2025
l Accountthg polftles
(a) BLLgis ofpreparation
The a¢￿Unts hav¢ been prepared in accordanG¢ with il the Ststement of Recommended Practice.. ACcou￿ting
2nd Reportmg by Charities Preparing their a¢¢outJls in accordance with the Financial Reporting Standard
applicable in the UK and R¢publi¢ of Ircland {FRS 1021 published on 16 July 2014, ill the Financiaj
Rcporting Stsndard appli¢able in the UK and Republic of Irelattd (FRS 102) at)d iiil the Clwiti¢s Act 201 I.
The fjnat2¢I￿ statett)ents have been prepared under tILe ￿'stOrIcal CO￿ convention, as adjusied foT th¢
rewalllation of invcstments.
Tb¢ trust ¢ottstiwtes a public benefit entity as defined by FRS 102.
tb) Siathtory basis
The charity is a reg]'st¢red Charity wilh the Chanty Cornmission and a metnber of the National Association of
Alm8hous¢s.
(CJ Goiryg ¢on¢énJ
Th¢ trust￿5 ¢onsid¢r that there &Te no material uncertainties ai%>ut the trust'5 ability to continu¢ as a going
concern.
(d) Income (&¥clwling invastmentgaiAs)
Inco￿¢ is TecogtLiStd once th¢ Ghatily h3s ¢ntitl¢ment to the in￿￿¢, there is suffi¢i¢nt ¢ertainty of T¢ceip¢
and $0 it is probAbl¢ that th¢ in¢om¢ will be receive¢ and th¢ amowit of itJ¢om¢ rec¢iv2ble can be measur￿1
reliably.
Expenditure is recogniscd once th¢rc is a1¢8al or constructive obligation to D￿ke a pa￿ent to a third paty,
it is probable that settleDMtwill b¢ required and the amount ofthe obligation Can be rn￿llred reliably.
Yolue £Ydded ktsx
The charity is not registered for value added tsx. Where applicable, expenditure is shown inclusive of VAT
(gj HousiKgpropertieJ
The freehold land aT￿ origsnal 20 flats (alrnshOLT￿sI are treated as [￿n-capItal]sCd assets and included al nil
valuclcost. Subseqllertt addition% and iTnprovement expenditurc stated at eost and include attributable
financc costs duEin8 thc dcvclopment period. Subsequent fm8n¢e ¢08ts are writte7> off iT) the 5tatcmcnt of
financia] aetiTrilies.
No depreciation is charged. As the almshouses are well-maiTltailld, knve a ltsng-life and a strong residual
value. any dq)reciation would bc immatcrial.
O) Firtoncittl I￿tn{Ments
The charity only hs fjnancial assets and fi]y4n¢ial liabilities of a kind that qualify &$ basic financial
instrun]ents. Basic financial instTumet)ts are initially recognised at transaction va]ue and subsequently
measuT¢d at their settlement value. Bank loaDS are subsequently mc&gurtd at 2mtsrti￿d c05t U5i]]g tbe
¢ffe¢iive Jnterest method and investrThents are subsequently TE)&￿llred at their market value as at the balance
sheet dat¢ wing th¢ closing quoted tnarket price.

C J Gallard's Almshouses, Charitable Trust
Notes to the financial statements
31st December 2025
(i) Jnvulmenl
All ga]n$ 8nd losses are takcn to the statemerlt of financsal a¢tivitses as they arise. Reali5ed gains and losses
on inv¢stD￿nls are calculated as the diffcrence between sales proceeds and their opetting Ca￿Ing value or
their purchase valu¢ If acquircd subsequent to the first day of the fillancial year. Unr¢alJ$ed gaitts and losses
are calculated as the difference between faiT value at the ytai. end and their ¢anyDg value. Reali5ed and
unrealised inv¢sll￿ent gains and losses #re ¢ombined ID the staten]ent of finantial aclivilies.
O) DeNigvafedweYves
Designated reservcs are part of unrr5tricted fullds which have b¢eTL Cam￿rked by tbe Tn]stees for &particul
purpos¢. Such des1￿￿tionS may be reversed by ￿tUre Tru*e de¢i$ions.
(k) Re51ricted reser
Restrict¢d fi]nds are those used for parti¢u]ar purposes, narrower ihatt th¢ overall charitable pwposes of the
charity.
2025
2024
2 Income 2nd expenditsre fro￿ ckn*rithble a¢tlvltle$
Weeldy m91ntenAMce contrTrbutions
174.072
160,365
Al￿￿$hOuSe$. expenditure
Wagcs and salaries {notc 31
Routine maintenance and services
C3r¢line
GArd¢n CiX%ts
Utilities (water, ¢le¢tricity ond gas)
Insurance
TV licence
28.567
20,733
5,829
7,227
14.421
3.427
38
27.789
37.159
5,300
8.128
12,280
2.854
68
£80242
£93,578
Cyclical mallrtenance
£24,949
£20.112
Extra-ordinary repair fund
Mangg¢mellt Admlntstratlon
was￿ and salarics Inotc 31
Fee% and subscriptions
Tel¢phvne dnd IT
A¢countan¢y & independ¢nt eK8mination
Legal and proftS5ional f¢e5
Staff training amd seminars
Trdvel & subsistence
Bank charges
Admini5trdtion and 5LULdry expenst5
22,593
77
4,844
3,690
8.070
378
31
00
5.403
£45W9
17,077
865
5,530
3,690
4,073
433
73
2,920
£34,822
lllterest payable
£18,035
£19,063
Exp¢nditur¢ ort ¢haritsbl¢ #¢tiviti¢s
£169 065
£167.575
Iyet ffincome from th8rltsble acllvltles
£5,007
47,210)
10

C J Gallard's Almshouses, Charitable Trust
Notes to the financial statements
31$1 December 2025
Residettts are not tenants but b¢nefi¢i2rie$ ofthe Cjwity under ¢ottth"tions of a licence to occupy an Alwhouse
at. Tbey pay a weekly tntintenancc eontribution (WMC} for the maintenance and services provided in
accordance with th¢ details laid down in the ResideT*ts' Handb(K)L thcir licence and onginal letter of offer. The
WMC rate is det¢rniincd by tbe Tru&￿t5 on 8 non-profii ]naking basis.
Vacant flats. usually aT]sing from d￿th or from a resident no longer being capable of independent living.. are
rjlled from a list of applicattts who have applicd to ¢ome and live at Gallard's Close. Void losses therefore ollly
arise frorn the period between a flat falling vacartt and a new resident being able to tske up occupation.
2025
2024
3 St#ff ¢•sts and trustees, remuneratlon and expenses
Gross wage5 and s218ries
EnJploy¢rs' natitstwdl i]xsuran¢e
EmployTtTht allowattce
51,160
5J67
1SJ67)
£51,100
44.865
3,360
{3:3601
£44,865
Allocated as folloThE'.
Ahnshou5cs' expendifute
Managemettt and administration
28567
22.S93
£51,160
27,789
17,077
£44.866
Av¢r3g¢ no of employees
No tru%tees r¢¢eived any remuneration in the year (2024..£nil). Expenses of £nil were reimbursed in ihe year
(2024.. £nill.
2025
2024
4 lrtve$tmellt lllcfyme
Bank interest
Dkvidené income
189
8,939
£9,128
199
8,449
£8.648
£3,655 (2024.. £3,413) of diwdend income re12tes to iDve8iments allocated to the restricted Extra-ordinary fuD(L
Ail utI￿r itiveslmettt incojnc is unrcstrictcd incoll￿.
5 Taxatio
C J GAllaTd'% Almshou%es' Charitable Tnwt is a registered Charity attd, as such. is potentially exernpt from
xaiion of its income and gains falling ￿rythin Incorne Tax Act 2007 Part 10 and the Taxation of Chargeable
Gains Act 1992 s.256 to th¢ extent that they are appli￿ to its charitable objectives. No tsA liability aris¢s in the
11

C J Gallard's Almshouses, Charitable Trust
Notes to the financial statements
31st December 2025
6 Tanglble fjxed a&sets
Freehold
property
Cost..
At 1st Jalluary 2025
At 31st Deeernber 2025
2J14J26
2JJ4,326
Nei book value."
At 31$t Deeemb¢r 2025
£2,314,326
At 31st December 2024
£2.3 14.326
The Charity own$ the freehold of the land at the junction of IA>ndon lioad a[￿ Yew Tree Road in Sollthboroug
Kent with 26 flats laillthouse5) the￿Ill, ont of w￿.Ch is occupied by the AIn￿hoUseS, Manager. wbich is part of
the Pernwient Endowmcnt. The land is vested ill the Official Custodian for tharities by virtue of the Schen)e of
Regulation dated 2 January 1914 and ¢ODfimied in a ievised Schcmc datcd 15.4pTiI 1969.
7 Investrnellt5
National Association of
Alntshou5es Common
Inve$tmeDt Fund
Type of shares
A￿UMulation
Markel value
Total
At Lst January 2025
AddJ"tions
Unr¢alis¢d surp]￿$ on revaluatioD
At 31$t December 2025
115,429
85.341
3,655
IOJ43
200.770
3.655
23AII
£227,936
13,168
£128,597
£99J39
At 3 1st December 2024
£115,429
£85 J41
£200,770
The inve*ttnents ¢omprise lrtcome and Accumulation shares with the National Association of Almshou5¢5
Common Investment F￿d (NAACIF). admillistcrcd by M&G Securitie5 Lin]itcd. Whilst the Charitie% Act 1992
divests responsibility for invcstmcnts to ihe ChaTity TTUSte¢s the Inco￿¢ unÈt5 alloGat¢d to the Pernmnenl
Endolv￿CT1t Fund #nd are Restri¢ted tapital uttder Charity Commission control 2nd any expendiNre could be
subject to reroupm¢nt ord¢rs. The A¢cwnulatiott units are allocated to the Extra-ordinary repair fimd ￿]d are
Regtri¢ted ￿PItal urtder the trustees. control. Due to the multitude of sm&ll acquisitions over many years it is not
pra¢ti¢al to deternjine h￿torie cost.
2025
2024
8 Debtors
PAYE & NIC
Provision for recovery of legal costs and illterest tlLereon Itkote 14)
Prcpayrncnts and accrucd incomc
862
73,342
317
380
£74,521
£380
12

C J Gallard's Almshouses, Charitable Trust
Notes to the financial statements
31st December 2025
2025
2024
9 Creditor5: AM￿￿[S falling due within one year
Loan repayD￿nts due in less l year
PAYF. & Ntc
A¢crlla)s
16,990
15,600
1,880
3,690
3.690
£20,680
£21,170
10 Credltors: Amounts falling due after moye than one year
The Charity
Bank Limited
2025
Tot41
2024
Total
tA)an5
£251,899
£251899
£268,888
Loall5 are repayable as follows..
Belween one a]]d two years
Betwecn two aad fiv¢ years
After more than rsv¢ years
17,760
60,692
173.447
17,760
60,692
173.447
16.645
56.882
195.361
£251,899
£251.899
£268,888
Tbc loans from The Charity B￿k Limited comprising advances of £150,000 in 2011. £175,000 in 2012. and
£140,000 in 2013 are repayable over 25 yeaT5 and aTe secured on the freehold propety. Interest 1$ payable at
6.50h per annun].
11 Analysis of tset assets between funds
Endowment
fund
2025
Restrleted
fuThd8
Design*ted Unrestrfcted
funds
fund
Total
THng5ble flxed assets
Investments
C&sh gt bank
Other net current assets
Creditor5 > l y¢ar
2,3J4,326
99J39
2.114.126
227,936
15J45
53.841
(251 J99)
£2J59W9
128,597
2,662
12.683
70,831
(16.990)
(251099)
£2,144,776
£128,597
£2,662
£83.514
2024
Endowmet)t
fund
Restrict¢d
fl￿dS
Desigtsated
funds
Unrestricted
fLllMI
T￿al
Tangible fixed assets
Investnwni
Cash at bank
Othei n¢t Current assets
Cr¢ditOTS > l year
2,314,326
85,341
2.314J26
200.770
19,807
120.7901
1268,8881
£2.245.225
115,429
12,339
7.468
6.777
(27,567)
1268,888}
£2.103,212
£115.429
£12,339
£14,245

C J Gallard's Almshouses, Charitable Trust
Notes to the financial statemellts
31st December 2025
12 Gtoer81 reserve
At 1st Jat)uary 2025
Surplu5 for the ycAr
Transfrrto Cy¢lical maintenance fund
Transfer to Extra-ordinary repair fund
Tran5fcrs to restricted fjxed assct reserves
Charily Bank loan repayments
4,420
107,638
(12Jl•)
(2,142)
(15J99)
Trall8fer fro]n Boiler fund
IJ07
(28,544)
At 31st Deeernber 2025
£83514
At 3 1st Detetnber 2024
£4.420
13 Movement of fulld6
Fund
balance5
blfwd
Fund
lance8
¢lfwd
Gains
1055e5
1￿COme Expendffiture
Transfers
2025
Pernunent EndoMTrent Fund
115,429
13.168
128,597
Restricted fixed ass¢t
Property fund
IJ)an reserve
2J14J26
2J14J26
1268,889)
(284A88)
15J99
2,029,838
15.599
2,045.437
Other restrlcted funds
Extra-ordiTrary repair fund
83,199
3,655
10,343
2,142
99J39
83.199
3,655
10,343
2.142
99J39
Unrestricted fundi
Gcneral re￿rve
4.42(1
251,754
(144,116)
{2&544)
83514
Unre$trt¢ted de￿%￿sted funds
Cyelical m&intenance fund
Special projetts fill
Boiler fund
8J74
2,462
4J65
200
(24.949)
12JlO
2,662
1,503
(1.507}
J2J39
4,469
124,949)
10,803
2,662
TOTAL
2,245,225
(169.065)
23,511
2J59J49
14

C J Callard's Almshouses, Charitable Trust
Notes to the financial statements
31stDecember 2025
PermaDeDt ¢ndowmeDt
The Petniartettt endowinent comprises the freehold pro￿rtY held al no value alld the incollle share type investsnents.
Restri¢ted fixed asset fllnds
The re5thcled fixed &%set funds repres6nt the tnJsiee$' investnjent in hou5iTr8 properties less the outstanding balan¢e on the
ChaTity Bank loan.
Extr￿rdInary rep*Tr
The extra-ordinary FepittF fimd is used for expendiwre ot) major repair5 or signifjtant improvements and cotnpri5¢S
accutnulatiort share tyi)e investments.
Lyclic¥l maittt¢naDee fund
The Cyclical maintenance fund is rrtained by the tn]8tres to provide for r¢gular upkeep, including internal and externa]
repair and re41ecoration.
Specigl projects fund
The Spetial projects filnd is ￿￿ed for ¢xpctLdittw¢ only on specially authorised projects.
Fund
balanG¢s
Fund
balanccs
clfwd
Gain5 and
losses
Income
Expenditure
TmsfrTS
2024
Pennanent ￿t￿OwMent Fund
111,686
3,743
115.429
R¢sth¢ied fixed i￿set fimds
PropErty fi]nd
Loan reseTve
2.314.326
-1299.061)
2.314,326
-(284,488)
14,573
2,015.265
14.573
2,029,838
Other restricted fvnds
Bxtra-ordinary repair fund
76,305
3,413
3,481
83.199
76,305
3.413
3,481
83.199
UDrestri¢ted futtds
General reserve
(465)
168,421
(147.463)
(16,0731
4.420
Unr¢stri¢t¢d d¢signal¢d fllThls
Cycli¢al maintenan¢e fi]nd
Special PTOj¢¢ts furtd
Boiler fjJs
24,867
3.619
(20,112)
8,374
2,162
300
2,462
1,500
1,503
27,029
3,922
(20,112}
1,500
12.339
TOTAL
2,229,820
175,756
(167.575}
7,224
2,245,225
14 Lcgal costs
The chaTity has ineurred legal costs to date of £89.049 in connection the terniination of a licence to occupy one of the
flats. Thc LhatÈty's Icgal aLtion wa5 suLce¥sfid and it was awaTded costs of £59.629 plus interest at 80/0 (from Junc 2022) in
August 2022. £2,676 h35 been reGovered to date. A first charge ha5 now been obtained on tlie fOrn￿r tenant's property and
leg8J action has commenced to force a sale. The Trustees now ton$idei Te¢ov¢ry to be extr¢t)]ely likely and the arGounts
tnclude a provision of £73,342 for recovery of costs and tnierest thereim.
15