31 MAROI 2025
CONTm OFTHE RNANaALA7EMEl1s FOR THE YEPJt ENDED 31MARCII 2025 Reportof theTrwteqs I to 3 Independont Eamlrs Awt 5tat•neNt ot An•Klal Pth¥ttle5 8•knteSheet 7 to 16 17 to 18
THE STosYfH ALMSH(KISE OIARITY REPORT OFTHETRUSTEES FOR ThEYEPA ENDED 31 MAROI 2025 TheTru5tee5 present thr report alongwiththefinanclal statements of thè charityfortheyewended 31 March 2025. The trustees hwe adopted the Pr4510nS of the Ststement of Recommended Prarti¢e ISORPI 'ktoUntl and Reporting byCharitie5" in preparingthe annual reportand financial statements of the tharlty. The financSal 5tements have been prepared In ¥¢ordante wlth the atwuntlng pollcles set out In Trjtes to the accounts on page5 7, 8 and 9 and comply with the charivs governi do¢umenL the Charltles Act 2011 and Accounting and Reporting by Ch3rrties'. Statement of Recommended Pra¢tl¢e applicable to chadtles preparing thelr accounts in accordance vAth the finanual Reportlfig stdard applicable In the UK and Republlc of Ireiand published In October2019. ObJectIand aln The aim of the Charlty Ss the prthAsion of almshouses for the bendklal class of the Charlty- "PDor persons TAho leKtept in 5pial taw to be approved by the (Chaty) Commisslonersl shall be re51dent in the Parish of St Osyth at the tirne of their appointsnent. Thè resldenrs of ai least two of the almshwses shall be Married couple5, Ow$ spinsters qualffied as aforesa[. AppUc•llon of Infon The net income shall be applied ffir5t to repair. inswe and meet all other outgoinas In respect of the Charltvs properties and all woper costs of the Charitys adminlstration and mana8ement. The)fter net Income shall be applied for the bertefitof the almspeople of the Charfty. Slznlfft¢antacthfjtlÈs The Charity tuffently provldes slx almshouse propertles and Its olm Is to uttllse these as far as p05slble to meet the objecilves of thecharlty. Publlcbenefft These actiwtles are consldered to be for the put4tc benefft and In runnln8 the Charity theTe2$ have regard for the Charity c0mmlssiongu1dan on ptthlk benefiL ACHIEVEMENTS AND PEIIFOIIMANCE Charttable 8rt17Atles The Tru5tee5 hetd four meeting5 during the year. Thty conlrnued to be ¢on¢wned wlth matntenance of the properties and wellbeing of resident& TheTrustees commioned the refvTtMthrnent of 23 aacton Road. Wtxks to the exterior ofthe frontofthe Clacton Road almshouses were comrnissioned forcompletion in thè followin8 ftnanclalyear. FINANCIAL REVIEW Financlal posltlon Charfvs flnandal posltlon Is asset out In the Balance Sheet on pa8e 6 andls con55dered satisfatttiry. Reservespollcy The Charfty's pollcy cffi reserves 15 to malntoln Sufficient re5erve5 to enable the Ch¥tty w contlnue to achIe Its principal objttiwÈs. FUfURE PLANS The Almshouses arè ovw 4(MJ yeas old and require maAor works to the roof. These works were 5ti11 panneil #nd woultl take place In 2026. Trusteescontinue to make prO510n forfirtwe maint•)ance en5wln8 deposits Intostrth)rt and lon8twm Invesimert funds.
THE OSYTH AUISHOUSE CHARITY REPORT OFTIIETRUSTEES FOR THEYEPJI ENDED 31MARCH 2025 STrUCnJR4 GOVERNAN AND PAANAGEMErir GovernlnB dowmeDt The St Osyth Njmshouse Chorlty Is a re8lstered Charlty governed in aCCordare wtth a Scheme whkh was sealed by the Charfty Commlssloners on 5 July 1979 as amended on 17 July 2018 and a heme sealed by the tharlty CommIsslone on 3 Mafth 1997 whlch provlded for the amalgamatton wlth thejohn GUders Charlty. Coples of the Scheme5 are wallable from the aerk upon request. Recruttment and appohrtment ol ewtntee5 As vacancles for Trvstees arlse appllcatlon5 are 50U8ht from prtendal candlds knon to the Trustees and othv sultable local people. Appllcants are then con51deTed by the Tree$ and appolntrnents made by resolutlon of the Trustees. Oryantsatlonal stniciur• Day to day admlnlstrlon ofthe ChaTKy Iscaffled by the aerkwho reportsto theTrustee& Inductlon and trnlntng of newtrurtees New Trustees are brlefed by the aerk and the Qst[Tlstees on the hlstory and xtlvltlesof the Ch•rfty. we ovldèd wlth a cow of the Charlty Commlsston publl¢otlon Yhe Es5entlol Trustee. detalUn8 thelr responslblllttes and provldlnl 8uldJnce on beln8 èTru5tee. New Trust•os are proAded • copy of the ChBrltyS(heme end the latest accounts. Relatsd p•rt5•1 Thère are no other charldes relrted to The St Osyth Almshouse Charlty. The aerk to th• Charlty Is also aerk to other almshouse charftle& Rlik m•N8•mont The trustees have a duty to Idenlfy and revlew the rlsks to whkh the charfty15 exposeLI and to ensure approprlat• controls are In place to projlde reasonable assurance agalnst fraud and error. Throuoh the employment of professlonll adSerS the Trustees geek to ensure ?11 of the Ch?rfty's mini8emert and dtt151on maWn8 pro¢e5se5 tole full acctyjnt of. and comply vjlth, relevant le8lsl¥tlon and re8ulatory control& Insurnnce Includ1 propwtyownushlp ind publlc1Sablllty Ls reasswed annually. REFERENCE AND ADMINIStAAnv£ DEfAIiS Ist•r•d Ch•rlty numb 210468 PrIncI1 add 18 Newbrld8e PNII West 8w8holt Colchester Essex C06 3ER Trurte J Vlhlte Ms C Venables Ms K Slndalr, Chalr D Cooper Msj ainton 0 Vlrl8ht
THE ST osYfH ALMSHOUSE CHARITY REPORT OF THE TRV5TEES FOR THE YEAA ENDED 31 MARCH 202S REFERENCE AND ADMINISTRATI DETAILS Independent Examiner Simon Welling TC Group Accountants Town Wall House Colchester E55ex C03 3AD Soll¢ltors John Fowlers St Runwalds Street Colchesrer Essex coi ios. aerk to the charity aare Heyes 18 Newbridge Hill West Bergholt Colchester Essex C06 3ER Bankers CAF Bank Ltd 25 Kings Hill Avenue West Malling Kent ME19 4JQ Approved by order of the board of trustees on. and signed on its behalf bv.. Ms K Sinclair- Trustee
INDEPENOENTEXAMINER'S REPOftTTOTHE IRusfEES OF ThE STosYfH AU$moUSE QIARITY Independ4nt •xamlnert rert1p thetTUStees of Th• St 04ih Almth0 (hlrlty I report tg the tharlty tru5tee5 on my examlnatlon of the accounts of The St Osyth hjmshouse Charlty lthe Trust) for the year ended 31 March 2025. ResponSfb51Ies4d bJ5ts of report As the charlty tru5tee5 of the Trust you afe responslble for the preparatlon of th& accounts In accordante with the requlrtrmentsof thfd Chafftle5 Act2011 l*heAct'l. I report In resp8Ct d my ex8mlnatffjon of the Trust's Jccounts carrlld out under Sectlon 145 of the Act and In out my ex4m5nptlon I have folloAted ill appllcable Dlrettions Wven tythe Ch¥rlty Commlsslon under Settlon 14515llbl ofthe ACL Indapqndffit •xamln•rts thtlmthit I have completed my exlmlrtatlon. I Confirm that no materlal m•tters h•ve CDMI ta my ¥ttertlon In connedon vAth the e¥Jmlnptlon rne cause to bellew th•t In any materlil res., ccountln8 Yecords were kept In respeEt of thq Trust •5 requlr•d by Sectlon 130 of Act,. or the accounls do not accord wlth those records., or the accounis do not tomply wlth the appllcable requlrements corKernlni the fomi and content of attounts set out In the Charftles (Accounts and Reports) Regulatlon$ 2008 other thjn •ny requlrement that the accounts Ive ¥ true and falr thew whkh Is not a matter consldered 45 Pjrt of an Independent examlnatlon. I have no concerns )nd ho¥t come auoss no other m•tters In tonnectton th the examlnatlon to whkh •ttentton should be drawn In th15 report In order to enable • prcpèr understandlng tsf the •c¢oUr to be Te?ched. Slmon Wellln8 Certlfied Accotant TC Grow> Accountants Town W•ll House Balkerne Hlll Colchester Essex C03 3AD Date.. Z&ZS
STATEMEpif OF FINANaALAC7MTIts FOR THE YepA ENDED 31 MAROI 2025 Unrestricted End0ert funds Totsl lunds Note5 INCOMEAND ENDOWMV4TS FRtX4 Donations and leBacies mshouseactmty Irwestment In(Gfne Total EXPENDITUIE C*4 Charltable athttles Almth)use artNity 29Ag5 29A95 25.449 17353 Net 8airn on INCOME J83 n8 92.874 otherre¢ISed yklslllossesl Gains on revaluatlcvt of ftted assets 44 319,638 475 412.512 CONauATK)N OF FUNDS Total funds broughtlowward 14767 L44777 L612544 1.2110,032 205J50 IA74JI3 L679 1.612,544 CONTINUING OPERATIONS NJI inc(rne and expenditure h¥ arfsen fYcm£offllr•Jlrq ¥tMlle& The notesform part (rfthtsefinangal statemaiis
THE ST 05YTH ALMSHOUSE CHARITY BALANCE SHEET 31 MARCH 2025 202$ Total funds 2024 Total funds Unrestrlcted Endowment funds lund5 Notes FIXED ASSETS Tangible assets Investmen15 io li 1,4J8,206 S6,107 1,418,206 138,08S 1,374,066 129,717 81,978 81,978 1,474,313 1.556,291 1,503,783 CURRENT ASSETS Deèrors Cash at bank 12 1,498 125,027 1.498 125,027 1,898 109.397 126,525 126,525 111,295 CREDITORS Arnount5 falling due withln one year 13 13,3531 13,3531 12,S341 Nrr CURRENT ASSErs IZ3,172 123,172 108,761 TOTAL A$Ss LESS CURRENT LIABILlnES 205,150 1,474,313 1.679,463 1.612,544 NEf Ass$ 205,150 1,474,313 1,679,463 1,612,544 FUNDS Unrestricted funds Endowment funds 14 205,150 1,474,313 185,767 1,426.777 TOTAL FUNDS 1,679,463 1,612.544 The financial statements were appr¢)ved by the Board ol Trustee5 and authori5ed for 155ue on and were 518ned on it5 behalf by.. K 5inclair- Trustee I Whil - Trustee The notes form part of these flnancial statement5
THE sr osm ALM5HOUS£ CHPJUTY NOTESTO IHE FINANCIALsfATEMEIITS FOR THE YEAR EI4)ED 31 MARCH 2025 The Charity is unintrwated 15 rEgistu•l wfth the Omrity Crynffis5ion a5 a Rlthred Charity and ¥Ath AccoupillNG pouaES asls olwepath8thefthanthlstst•nen The finti ststements ofthe thity. whkh is a publ bÈnefft thtity uThler FRS loi hw4e been preparul In accordance wlth the Charilies SORP IFRS 1021 'ACtnting and by Owitiek Statunent of RectsMmended Piacrice appIable to dwllle5 th•r In actordance vAth the Finandal Revi1 &ard in the UK and Repuwic of Irnd IFAS 1021 leffecbve l January 21n91', Finantial Rep)rtir8 Stsndard 102 Tr finanaal Stdd wlicable in the UK Repubtsc oflreland, and the Charf(ies kt 201L The financia ststements been prepared under the hi5tryir4 co# conbvrtion. the exceptkn that hOL¥l proputs we at vahth and In¥t5tT th¢h arè irtluded at market valu& Forthe purposes of wesentath)n the finaKtal statanertsxe roundedto the are5t Pound Ster (£1. Fund Arf4wntlni Urre5trirteil fvFth ¥e alable to spend ort a£e$that fvrther any of thÈ purposes of tharlty. De5t8nated funds are e$icted funds of the charJty the trustees h•4e deaded at 15CTetion to Set 4de to use for a specfflc purpose. Rewthd fvnds are fu wNch thè thOr has speafied are to be 501dy Lsèd for a par11cular PUTr#i. Pem)an•tt funds are nOn#pdab]e hJThJs whith are normally held indellnltety. Further eu4anion of the nattre aKI M)ose of furKI is ¥uded In the ncrtes to the finarKlal GOI c(Mcem The accounts * wep¥ed a wng¢(mcwft bS as tlwe ¥e no mrial ertaIntles a1utthe thtys abiltytoc(rfinue. Income AEI Income Is recognlsed Sn tr Statemert of FinarKi41 kti¥ie5 0e the has to the funds Itls prcbIethatthe1(ffieWlll be rtte1d amwrt bemeaSU1 reab. the Charbty has enemaIt to the funds arry perfmar(e (onditlor6 attacw to theyants have been mel It Isprobablethatthe If(•e wlll be rttel4d nt(an be rneawred relIaband 15 not deferred. For legacie% erti¥Thent1s tn asthe earfierofthe date whith dther. the Charfty that probatè has been yantEd. este has been ffinallsed WKI notificion has been made Iythe exeurtortsl tothe oatIOnS In kind recognised ty the Ohty when recu exept in the case of seThice5 free Undere bywoluntarystaff w othuswhkh awE not refiected in acc1 Interest funds held dewt ts knduded rec•vaNe (an berneaed reliably tythe Charl, thL% ts nomialtyupon nCthaii ofthe lrterest pth w P•fable Ban
THE STosYfH ALMSHOUSE CHARttY NOTESTOTHE FtNANaAisfATEMENTS-conttnued FOR THEYEPR ENDEO JI MARCH 2025 ACCOUNTING pouaES-conthiued EXpendIre Liabilities are reco8nlsed as expÈnditure as soon a5 there Is a14al or cOnstructe obThBaYon committi the charty to that expenditw4 It 15 probable that a traner of economlc benefits wlll be required in settlement nd the amount of the oblÈion Ca be me35ured rellay. Expendlture Is accounted for on atcruals bay5 and has teen classifted under headiry that aggregate au c05t reled to the category. Where ¢osts cannot be dirertly attrit#Jted to partlcular headlr4s they have been allcoted to actlvltles on a basls ¢on4#ent vrith the Use of resources. Repatrs and Intenance of propwttes The charges In the Statement of financial Actmties In respect of Lytlical Malntenar*e and Extraordlnary Repalrs refiertthTrteeS, constant concem to keep the properties in good ¢ondftIo and are In accordan wSth the mShousE A550ciation5' recommendation that Alrnshouse Charities should set aslde eath year specltlc in this SpeCl Transfer5 are made from the Accumulated Fund each year to the Extraordlnary Aepalr Fund to cover Èxtraordinory repoirs as they arise and to the Cyclital Mainten¥Ke Fund to cover repafrs which arlse on a cydlcal basls. SpPDrt Costs The ChariW5 8overnance costs are allocated ertirely to Almshouse Costs slnce support costs relating to other actTriitie5 are consldered Immaterla. Taxatlon Thecharity Is exempt fromtsK on Its charitae acttvltle Tanglblefttèd assets The houslng propertte5 are Induded In the actounts at thetr Insurance re1nStatnent value. Addlutms aft each revaluation are included at cost untn a further revaluation. The cost of refurblshment and improvements to the ¢sknng property we WTitten off to the General Fund as 1jTre. ArymaJorlmprovemerts or extenslons tothe propertyzrecopltsllsed. The housln8 Wopetles are notdewedated as revaluations are PErformedwith suffident re8utsrStyto ensure thatthe ¢arrwngamounts are notmaterlally misststed. The land Is IrKtuded at cost and Is notdepreclated. Hxtures and fittiry are induded at cost and are dewedated over thelr estlmèted useful lives using the reduclnB balancernethod at a rate of 15% perartnum. Investments are 5hovm on the Balance Sheet at thelr market value. Changes In market value5 during an accounti period are reflected In the accounts a5 unrealised 8alns C los Upon olsposal of an inve5knert the dlffwence been orlglnal cost and disposal proceeds is refletted In the accounts as a reali5ed galn or loss and an adlitsimert Is made to unrealtsed gain5 (Y10$5es to Terse unreallsed movemerts In wdlue In earmeryea Del>tors Contributlons and otherdebtors are rwnlsed atthe sètdement amount due. Prepayments are valued at the amount wepald netof any trade dlxounts due.
THE STosYni ALMSHOUSE OIAIIYY NOTESTO IHE FWANaAisfATEMEN75-conthiued FOR THEYEAR ENDED 31 MAROI 21)25 ACCOUNnNG pouaES-conth)ued Cash at Bank Cash at bank and cash In hand Indudes cash and short tern) hl8hty Ilquld Investments with 3 shtyt rnaturity of three months or less from the date of acqulsltlon or openln8of the deposft or simllarattounL Credlthrs and Pro¥tslons Credltors and pruthslor are recwilsed where the Charity has a present obli8atlon resultln8 from a past event that wlll probably result In the transfer of funds to a thlrd party and the amount due to sete the obligation can be meagjred or esilmated rejlably. Credthrs pr(Nlslons are nornially reco8nised * thelr settlemo amount alter Ilowln8for anytrade dlscounts due. INVESTMENT IMCOME 2024 Dldend Income Ground rent COIF deposit accountinterest Accumulated Income S7S loo 2,084 4.499 *996 7,258 IIICOME FR0141 (HARifAFLEACTivmES 2024 Almshowe artIty Contributions re¢evraWe L05ses fromvoids 4(L650 IU42) 3885 788 38.271 Olrect Costs (see note 61 Support Costs (see note 71 Totals AtmshOLe activ 29.495
THESTosYfH ALMSHOUSEoipAirY NOTESTO IHE FINANaAL ATEmE{r5-conI1nUed FOR ThE YEAR Ef40ED 31 MARCH 2025 DIREcf COSTS OF OIARifABLEAcnwriES 2025 2024 Vacant promcosts Insurance Repalrs and maliitthance Cycllcal repalrs Extraordlnary rep3lrs Sundry expen Èad debts off Oepreclatlon LW6 1.144 1.975 1.749 547 59 JJ91 61 li 18.742 suppaRT Costs Govemance Costs Management Flnènce Totals Almshouse act1¥ 560 Supportcosty IncIled In the abo are asfollow5: 2025 Almshouse 2024 Alfflshou5e attlty aerk fees Subscrlpyons Le8al and professlon81 fees Bank charyes Accountanry Fees Independent examlners fee5 900 3,900 343 1.394 i&J 174 6.707 TrUSTEES' RÉMUNERA710N BENEFITS There were no trustees, remuneratlon w other beneffts for the yeir ended 31 March 2025 nor for the year ended 31 Mwch 2024. Tnisiqrf, eJ4Kn Thue were no trte•s, expenses pald for the year ended 31 March 2025 nor for tlR year ended 31 March 2024. -1
THESTOSTh AUsOu5E CHpAiri NOTESTO THE FINANCIAL sfATEMENTS- c(mtlnued FOR THEYEPA ENDED 31 MAROI 2025 COMPARATIVES FOR THE sfATEMENTOF HNANCIALAcrwmES Unrestrirted Endovnnent funds nds Total funds INCOME AND ENDOWMENTS FRIJM Donatlon5 and legac5es 70.0(kl 000 Charllable artfvltles mshouse actywty 38.2n 3&271 Invesimentlncome 5.493 Totsl 113,764 1.765 115.529 EXPENDITURE ON Charltwble pthltle5 Alm5hou5e acthlty 25.449 25.449 88.315 1,765 Net gains on inve51nnts L121 NEf IN(lE 91874 Othw retognked plMlll)sses) Galnson revaluation offfixed awts 319.638 319.638 hlel mo¥tment Infvnds 89.988 32224 411512 RECONauAnON OF PJNDS Total funds brohtl0rward 95.779 L104253 12CM],032 TOTAL FUNDS CARRED FORWARD 185.767 L426.777 1.611544 -li-
NOTT0 IHE FINANCIALStATEMEpifs. c(Mt10d FOR THE YEAI ENDED 31 MAROI 2015 TANGIBLE RY£D A%EIS Housin8 propertie5 Meadow land and fittt Totals At l Aprfl 2024 Dlsposals Revaluatlcffls 1378.185 44301 At 31 2025 DEIIRECIATI(X4 At l fv41rf12024 Charge for v llmln•ted on th5 4.119 61 61 At 31 Mh 2025 t4Ef BOOKVALUE At 31 March 2025 At 31 Mh 2024 Cost or valuatlon at 31 Mxth 2025 Is rwesented by. Meadow l•nd Totsk Accumulated re¥alu•tkn g¥ns Cost J9WO The houYn8 propprtle5 re revalued tht year thded 31 2025 to thelr InSwCe relnstatement value as at 30June 2025 of£l,367,561X
THESTosYfH ALMSHOUSE cHRrtY NOTESTOTHE FINANCIALSTATEM£p¥fs. conthwed F0ftyEAR ENDED 31 MARCH 2025 IL RXED Ass INVESTMENTS U5ted Investments MARKETVALUE At l April 2024 Addition5 ReVaI110n5 129.717 4,939 3A29 At 31 March 2025 800KVALUE At31 March 2025 At31 Mar¢h 2024 129.717 Therewere no Invethent asSets0sIde the UL Cost or valul¢)n at 31 March 2025 ts represented by. A¢¢wnulated revaluatlon Éalns 30A35 I)E8T(. AMOUNTS FALUNG DUEWttHIN ONE YEAR 2024 Coniributions in arrears prepa¥nnts and attrued income -13-
THE ST OSYTH ALMSHOUSE OIARI NOTESTOTHE FINNJICIAISTATEMENTS. conttnued FOR ThEYEPA ENDED 31 MAROI 2025 CREDITORS: AMOUNTS FAWNG DUE wrrHIN ONE YEAR 2024 Contrlbutlons In advance Accruals and deferred Income 752 1.782 3353 2.534 M(MIEMEKf(N FUNDS Net movement In lunds Transfe15 between funds At 1.4.24 31.3.25 UTrTestrlrt•d lunds Accumulated fund E¥tr#ordlnvy repalr fund LTr¢llcal malntenancefund 31.017 99WI 55,496 53,269 9.061 185.767 383 205.150 Endowmentfvn Perm•nent endowment fund Houslng property revaluatlon r•seNe Capltsl recoupment lund 411622 965,679 412,920 44,201 SL513 IA26 777 47 IA74J13 TOTAL FUNDS Nei movemertln funds Included In the •bM •re * foll¥$. Incomlng resouices Resources expended Galns and kniement In fijnds Unr•strlcted fvndi Accumulated fund Extraordlnary rep31rlund Cy(Ilcal malntenan¢efund 43,937 L8n 112W51 15.761) 31017 125731 IA17 129A95) J83 Endowrnertfvnds Pewrnanent endov4Ynent fund HouslnB prop*ty revaluatlon rese Capltal recoupmtnt fund 116 44JOi 3.037 47 TOTAL FW40S -14-
NOTESTOIHE FIN1CIALsTATEMENTS- conthiu FOR ThEYEPA ENDED 31 MAROI 2025 MOVEM IN FUNOS-contlnued Net Transfers between funds At 31.3.24 At 1.4.23 In fvnds Unrestrfrted fvnds Accumulated fvnd Extraordlnary repjlrfvnd Cycllcal mafjntenancefd 2,718 87.494 46,822 2,763 46 239 269) 19.708) 80,504 53,269 95,779 185,767 EDd0&tndS Permanent endv•mient fund HouslnB proptrty revaluarion reserve Capltal recoupment fund 412.361 64&041 45.851 261 319.638 2.625 412.622 965.679 48.476 1.104 253 1426.777 412 200 032 12 Compgrattve net mownent In fvnd& Induded In the •bm #re asfolk*WS: Inwml resources Aesources expended Galns and Movement 1055es In fijnds Unrejtrfrtedfvnds Accumulated fvnd Extfaord5nary repalrfund Cyclical malntenance ld 111114 1.704 946 123.7ry)1 87,494 2.763 L059 534 113,764 125.4491 1,673 89.988 EndDwm•rtfvnds Pemianent endowThentfund Houslng propffty ralUaOn reseple Capltal recoupment fund 167 94 319.638 L027 261 319,638 L598 32 TOT FUNDS I,$29 25.4491 412 32L432 a12
NOTESTOIHE FINJI(IALSTATEMt14TS.c4rtk PernianentEnd0ftt Fund The Permarwit Endo¥mierrt rewesenrs the houlns wopwt5 laThl funded from the o¥m resources. the Permanent Endowment Investm less the 04rt5tsn1b bolance of the National Assoclatlon ofAlmsl10O The Houstro Property Re¥¥uatlon Resent Is pum1 •thmwrt d the thwlty ¥nd15 rePresd by the value 01houn8 woptrtles r•Aluation Kn5. C•t•l RePm• Fund The Capltal Recovent Fund Is punvxnt end(pm)ert ol Chartty. ThÈ fund twas establthed to recoup the 055ets of the tharoty of Mary Alrrfjho whlch tere ustd to Improve (Ws htsU propertle5 In 1979.Th OUnt to bère¢owd15 £7.739 atthe fate CA £70 per Durlni the year ended 31 Marth 2013 the tharfty Commltslvn ptte¢l the Charfty to Use £37.OiWJ of pemanent endowThnt1Th4estmentsto fund Imwtrlwnents to the tht¢S houslry propert4e& Thls amount Is to be recouped ovv Iwentyyears at ts rateof£L850 pw The Charlty Cunmlsslonceased tt entder$WIth effttrfromtheyearended 31 Marth 2021. Cyd¢•l M•lnl•rAnc• Fwid The Csrllcal Malntenance Fd is unrestrkned Ixrt de5wd by the Trustees to c¢wer the cost of cycllcal malntenano as It arfse& A tsanth to FUNI bs Made exh yw fr(¥n the knnlted Fund of a spedfi¢ amount ¥eed bytheTruth ExtnordlMryRep•lr Fyn The Extraordlnary Rew5r Fund15 TstrItted ln denated ty ttTrts to cmr the cort ofextraordlnary repalrs as they artse. A to the Fund ts made e&h year fn¥n the Am4fftJlated Fund of a spe£lllc amount ayeed bjf the Trust Fund ts SpecIficlY Invested and IncL¥ne from Investments Is •Jded to the Fund. The Attumulated Fund reweserts pxt rf tt xc4Thd•ted of the {rIty and Is &•ble th gentr purwsuofthe Chuty.
DETAILED STATEMENTOF APIANOPI Acfm 2025 2024 Don*ior6 70.IM) Oi¥idend Ground rent COIF deposlt accotmt Intere Accumulated income 575 4359 4.499 tharliable acifvltles Contrlbutsons recdvalle 3&885 38.2n Totsl kn(oml I.529 EXPENDITUIIE tharltable athllles Vacantproperty Costs Insuranct Repair5 and Maintnce Cycll(al repwrs EJrtra(Ydlnary repalrs Sundry expenses Bad debtsv4Titten off l)epredatlon of tawble fNed a55ets 1144 1975 1.749 13. 27 10.758 5.762 59 43 li 23ffi22 742 SpOrt ManJBernert aerkfee5 &Jbscriptlons and wfesslonal lees 355 343 FlnantÈ Bankchar8es -17-
TIIE STOSTh ALMSHOUSE CHARITY AILED 5tATEMv OF FINANaAL ACtIVfflES FORIHEYEPJI ENDED 31MARQI 2025 2025 2024 Rnance Governance costs A¢countaffy Fees Independent examiner5 fee5 1394 174 1554 Totsl resources expended 29 Nètlncome 19289 Thls page does notfomi part of the statutoryfinanclal statements