REGISTERED CHARITY NUMBER: 211836 Reportof tho Trust￿6 and Unaudited Financial for th& Year Ended 31 t)ecember 2024 GORING HEATH CHARMES - THE ALLNurr AND BAKER ALMSHOUSE AND EDufATIONAL TRUST KrM)x Cropper LLP Chartwed A￿￿m)￿n￿ 153-155 London Road HorrEI Hetnpslead Hertfordshire HP3 9SQ GORING HEATH CHARITIES- THE ALLIIUTh AND BAKER ALMSHOUSE AND EDUCATIONAL TRUST Cont•nts of the Flnanctaf statsments tor IIKI Year Ended 31 De¢¢mbor 2024 Chalmiafi's Revlow Rel￿ ofthe TnMI•g8 2 10 5 Independent Examinerfs Rep)rt Statrmert th Flnanclal Aciivities Bllance She•t Notss lo Iho Financial Slatemthts 9 10 18 Delall•d Slaten*nt of Flnanclal Actiwitles 19 to 20 GORIMG HEATH CHARITIES-THE ALLNUTT AHD BAKER ALMSHOU3E AND EtYJ¢ATIOIIAL TRUST Chalrni8n'8 Review for Year End•d 3100￿mb¥ 2024 Our ￿Sidents Gontinue to have 8 gc(*J comrnunity spi(it enjoying barbecue5. bonfire nKJhl soup. Chnslmas lunch and communal teas as well as tending Ih*r allotments and the grourlds. This indudes a residents and Trustee afternoon 16a in the Autumn which was reteNed. One of our resklents had lo leave us dL* k) heaAh isstEs so we took OPF4Xtunty to complel8Sy Ipfurbish Ihe dwelling conceFned and a resKlenl iryned us shortty Ihereaft8r. We cont+nue with our prograrnme of pkqnned Nointenan￿ to keep abreast of 4Yay.ttrday paintin9 and repatr issues that inevitably arise with buildings many of whth are awroaching 300 years (Ad. We cmlinue to look at the long-lerm options lor reFAacing the biomass boilers vthen they reach Ihew end of lrfe in 10- 12 yeats time. As always, my fellow Trustees, together wth lan Gar, Belinda Clafke. and Peter Dewey have worked hard lo preseNe. maintain and improve the and arnb*￿e of the AJmsh(yJses and our estate. My thanks are due to them and the time the Tnsstees freety cnmmil to the Chanty. My particular thanks afe d￿& to ma￿'na Platts WIKJ x81iThl as a Trustee al the end of the year. Martina was a Tfuslee for ton years dnd she perfomed a key role in ¢arefiJlty looking after the Charit￿$ ffinartes for us. I realy appreciated her enthusiasm and pragmatism that she brought to Ihe Trustee board. Garry Forster Chairman Page 1 GORING HEATH CHARITIES- THE ALLNUTh AND BAKER ALMSHOUSE AND EDL￿ATIoNAL TRLIST R•portolthe Tnjstsw frjr Ihe Yoar End•d 31 D￿•￿ts•r 2024 The Iruslees present their rewrt wrth the financ￿1 stalenwts of ￿ chanty lor the year eThled 31 Deo3mber 2024. The trusiees have adopted the piovish)ns of Accounting aThJ ReFMy1iftg ty Chaiilies.. Ststement ol Rocommended Practice appl￿ble lo chatities preparing their accounts ￿)rdanc* with the Financial Reporting Standard applicable in the UK and RepU￿1C of Ireland IFRS 102) (eff&live 1 January 2019). OBJECTIVES AND ACTIVITIES Obiecllves Goring Heath Charities provKles acc¢)mmodat￿ for ￿tired, or 50(m to t* ￿tIred. and women who have a lool connection in Ihe area of ￿neffl as get out in ChaW Commission Scheme l)ocument of 21st July, 1997. Applications are wel¢omed from all eligibk person& We aim to provtde for our residents (x)mfortable. Wel￿￿[nIalled and affoTdth IK)mes, togeth6r with communal facilitiès and suppo¢ wilhin a friendly cornmunity aTrJ in a njfal selb'n9. Ben¢ffts and a¢tfvlll•8 IAÈ have ￿1Ve A1mslvJu￿, providing acthmnM)dakn for both single peo￿ and ccMJtyes. Most of the Almshouses are bulll around a coutyard irtludo5, a5 8 central featu￿. the Chapel. Our principal buildings are Grade I h'sted. The Chapel is open to the public as wel as resKlents and reguL4r Se￿IC£S are conducted by ihe Chaplain. Othw lacililies include a commm room. swal 8cJivFt￿s organised by the Re*dents and our Warden. A number ot re8idènl$ also greauy enjoy tending the allotments Wh￿ are available on ste for each resident, rfdegred. Residents pay maintenance contrilwlions and fuel Charges to tt* Ch*ity. These costs are 5ubsidised frcm the rental and irweslmenl income ol the Charity. Any re￿dents who are in need of and who qualjfy for Univewl Credit or Housin9 8enefit may use Ilpse b￿fil5 in reskwt of these ma1ntenan￿ and fi*1 contributions. Publlc ￿nefit The trustees of the Charity have had regard to the Chanty Comrrrtssion's guidatKe on "publ￿ benefif when exercising powers under Ihe Charity's object. Our main activities and vknom we aim to help are described above. All our activities are undertaken to further our charitable purkx)se5 for the publr benefft. Page2 GORIMG HEATH CHARITIES-TtrE ALLNu￿ AND BAKER fvIMSHOUSE AND EWCAMONAL TrUST Report of th* Trustees for thtr Ye&r End•d 31 D•eembor2024 FINANCIAL REVIEW Reserves and Invostment poll¢y In a typical year. resoLtrces exp￿nded 8r8 grealer ttwi the incoff¢ Irom our residents wth the SI￿￿￿1 betng met from investment and rental Income The Chanty thwefrxe a range ol property 8nd financial liveslrnents. which generdle Ihe necessary income. Non-propefty investrEnts are managed by profrssional fvnd managers th have delegated authority to acl w￿h1n Gonstfanls specified ty the tTuslees. The mvestment managers are ¢harged vAih maximising Investment income subject to maffilainlng good eaptal grovth by invests'ng in managed ch¥ity ftJrKl$ in Ihe UK and oversaas. At 31st DecEmber20?.4, our investments tolaued £1.085,591 c(4npar&J wilh £960.650 at 31st DeGember 2023. Resums for the yoar We maintained a satisfacw finanoal ￿tiOn during 2024. Income excwjed expendilure and we opefated within our budgeL We fin¢shed the yeaf wNh btal fufxls ol over £2.24 rTKllion. cornpa￿d with £2.16 million at 31st December 2023. The increase is attributatle lo the inctease in Value of our bnv85tmtrnls 8$ dtscJJ58ed above. We continue lo mtyiitor fvel generally.. in 2024 our o)ntr* was rnnewed have budgeted for a signif￿t increase in cnsl of this essentid ulilty. p?￿3 GORING HEATH CHARmES- THE ALLNirrr AND 8AKER ALMSHOIJSE AND EDUCATIOIIAL TRUST Reportofthe Trustees lorth& Year Ended 31 Deceth 2024 STRUCTURE, GOVERNANCE AND MANAGEIENT GDvernlng document Goring Heath Charities is regulated by a SC￿ of the Chty ComnNssioner5 d*d 22nd January, 1988 and 4$ administered ty a of IFUStees who are listed below. Govornan¢• and managgmw The Ifustees are responsitle ftjr the stratgJi¢ th.¢￿tion of the Chartty. They take decisions importaftl issues such a8 the apptsinlment of residents. investrnents Mainte￿Ce of ar￿ improvements to the propeTty. They meet regulatly each quarter and receive re9￿ar repyts trom Ihe Clert¢, ts Ch¥ain aftd th8 Vkrden. Day to day administfation is in the hands of the Ciwk. The Vwarden and the Chaplain provth pa*oral Ca￿ and support forthe residents, The INarden atso has daY-t￿daY reSp(￿kn11ty for faLilttses managemenl. TnJslee$ have regidarcontactwith residents inc4￿￿￿j in ChaO and on sowl oc(xsl￿￿. In addition to their ￿lect￿e re¥￿￿￿￿.1ty for the direcbon of Ihe Chanty. ll>dsvKlual t￿￿teeS take on different responsibilities irs connection wlh the maintenan￿ arK* enhanekrwit of the e51ale, the pastoral cae of the residents. the pron￿110[} of the CIBrity, fvndiaisin9 and Mancial matters ￿ in supwl of the c￿rt(. Chapkn and Warden. Recruitment and appointrnent of newtru5te¢s The Iwslee5 seek lo ensure th* belween ihem Ihey ha¥e the Tange of expert￿8 artd experience requ￿￿￿ to ensure the elfective running of the Almshoyses le.g.. reEakng lo prop8rty matters, estate management and finance). 1Othen a vacancy occurs, they seek out c8nd#Jates. with the appropnate thls and éxp8r*nce, from the local coMmLm￿I. REFERENCE AND AOMINISTrATNE DETAILS Regl8tered Charlty number 211836 Prln¢ipal address The office Almshouses Goring Healh Oxfordshre RG8 7RS Tru8tee8 Gary Forster (Chairman) Nlcholas Henry Ann Knee-Robinson James Maclachlan Martina Platts (retired 31112Q0241 Peter Buckley (appolnted 2410112024) 8¥lan Bames (appointed 2811112024) Indopendont Examlnor Slephen Anderson FCCA Knox Cropper LLP Chartered A¢¢ounlants 153-155 London Roal Hemel Hempstead Hertfordshire HP3 9SQ Clerk to thg Trustees Belinda Clarke GOR114G HEATH CHARITIES- THE ALLNu￿ AND 8AKER ALMSHOUSE ANO EDUCATIONAL TRUST Rgportof th* Tntyta for thw Year End•d 31 D9c8mbgr 2024 REFERENCE AND ADMINISTrATIVE DETAJLS Chaplain The Reverend Peter Dewey Wardon lan Gair Approved by order of the txmrd of trustees on 14 ALfjUSt 2025 and signed on its behalf by: 8rian 8￿es- Trustee PagE 5 Indepgnd•nt Examin•¢¥ Rep(wtto th? Trus10￿ of Gorfng Hgath ChariU•J- Th• Allnutt &nd Bak¢rAlm8house •nd Educatlonal Tru•t d¢pendent exarnlnerfs report to ihe tfU•tee5 01 Gorkng Heath Chath - Thè Allnutt and Baker Almshou60 and educatlonal TTtt8t I report to the ¢harity tru8tees on my ex*F￿nalKIn of the of Goriry Heath Charitie8 . The Altnutt and Baker Aknshous8 and Edu¢ational Trust (the Tntst) for Ihe year ended 31 L)ecertw 2024. Responslbllltle8 and ba818 of report As the Charity Iruslee5 of the Trusl you are respo￿lbIe for th6 weparatM)n of the ac￿lunts in acairdance with the requirements of the Charities Act2011 Ilhe ACYI. I report in rttspect of my eXa￿Nn￿l0ft of the Trusl's accounts ¢xried oul Un¢Jer Sectlon 145 of the Act and in carying out my examination I have folbwed all 8ppliGryblo DI￿10nS given by the Charity Commission uiider Section 14515)Ib) of thè Act Indepondent examlnerfG slatem• I have completed my examinalion. I confirm Ihat Th) material matters have come lo my attention in connecaion with the examination gwing me cause to beI￿ve Ihat in any material respect. acc(￿ntIng records not kept in respecl ofthe Tntst as reqLMred ty Sectson 130 of the Art. or the accounts do not accord Ihose record¥ or the acc(HJnls do not comply wilh the app￿cab￿ requirements concerning the form and content of accounts sel out in the Charitie5 (Accounls and Reports) Regulations 2008 other than any reqsjiremenl that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no ¢onc•m and have c4)me 8CfOSS no other rnatter5 Ki o￿nectiOn with the exaThnalK)n to Nvhi¢h att&nllon shoukl be drdwn in Ihls rewrt in order to enable a pmper unde￿nding ofthe ac(￿ to be reached. cw Stephen Anderson FCCA Knox Cropper LLP Chartered AcC￿lants 153-155 London Road Hemel Hempstead Hertfordshire HP3 9SQ Page 6 GORIMG HEATH CHARITIES- The ALLMurrAND BAKER ALMSHQVSEAND EDiICATIOI4AL TRI Statsment of FIna￿lI1 Activitles lor th• Year Ended 31 DE¢gmbgr 2024 2024 2￿23 Total lunds INCOME AND ENDOWMENfs FROM Donats'ons w¢d *acles 983 3.674 8.657 14.638 Charltablo acllvltleg Incorne from rp.sidents 108,654 104.389 Olherlradin9 acttvities Investment llicon Olhei inco 24.013 24,013 96,448 1,801 21.150 90.635 1,7&8 Total 234299 4274 239,573 232,548 ExpeNDITLWIE ON Rai$in9 funds 4870 5,565 4,931 Ch•ritabl¢ a¢llvltlo• Expefidrtuft on AmshoLtses and olher war Chapel exrenditure 191,129 1,169 16,907 192,298 16,907 182.429 18,656 To 194999 18,771 214.770 2C6.016 Net gains on investments 47394 53,971 40,812 NET INCOMEI(EXPENDITUREI Tran8for¥ botwo•n funds 17.820) 14,239 78.774 1S 114,239) Nel movomont In ftsnd8 72JSS 6A19 78,774 67.344 RECONCILIATION OF FUNDS Totsl fvnds brought fowffird 1,931,751 225,745 2,167h96 2,0￿,152 TOTAL FUNOS CARRIED FORWARD 2,004,106 232,164 2,236a70 2,157,4 Pagg 7 GORING HEATH CHARITES- THE ALL￿u￿ AND BAKER ALMSHOLSE AND EDUCATIOML TRUST Balance Sheet 3104cember 2024 2024 Total lund¥ 2023 TotBI fl￿d8 knds FIXED ASSETS Tangible assets Investfflenls 11 12 1,043,447 936,172 102A99 129.419 1,146.046 I.Q65.$91 1.161.002 ,650 1,979,619 232.018 I211M7 2.121,B52 CURRENT ASSETS Deblots Cath at bank 13 7,313 41￿64 146 7,459 41,864 7,722 33,999 49,177 49,323 41,r21 CREDITORS AfYK)unls frdlling due wthin one year 14 (24,690) 1¥890 (5,8771 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABIUTIES 2,004,106 232,164 2,236,270 2.157,496 NET ASSETS 2,004,106 232,164 2.236,270 2.157,4 FUNDS Unrestricted funds Restricted lunds 15 2,N14,106 232,164 1,931,751 225,745 TOTAL FUNDS 2,231270 2,157,496 The financial stslements were appruved by the Board of Trustees atlhorwl for issue on 14 August 2025 and were signed on ils behall by: / Garry Forster- Trustee Brian Barnes- Truslee Pag& 8 GORIFIG +IEATH CHARMES. ThEALLNUTT AND 8AKEf¢ ALMSHOUSE AND EDUCAnOIIAL TRUST Moty$to the Finan¢lal Ststsments forth• Year Enthd 31 Dgc8mlJer 2024 ACCOUNTING POLICIES Basls of pr4parfng the flnanelal statemonts The finan¢iaS statements of Ihe tharity, w*sith is a benefit enbty under FRS 1￿2. have been prepared in a¢A)rdance wth the charit￿ SORP IFRS 102) 'Aco)untWW and ReForbng by Charrt*s'. Statement of Recomff*nded Prad1￿ appluble lo charities preparing their accounts in aecordano wilh the Financial Reporkn'ng Standard applicable in the UK arml Republ¢ of IreL4nd IFRS 102) (effective 1 January 20191,. Financial ReportFn9 Standard 102 'The Financlal Reporting Standard in the UK and Republic of Ireland, and the Charrt￿S Aci 2011. The f￿anc￿l statements have been prepaied under the histori￿1 co$1 convention, with the excepbon of investi￿lts vllxch are includett at martel vthe, as mc#Jiffed ty the revaluation of certain assets. Flnanclal rOpo￿n9 $landaTd 102- rodu¢ed dI8¢losu￿ exemptlon8 The chanty has tsken advantage of the folbTrMng disclosure exenV*)n In weparfng these financial stalements, a5 pemitted by FRS 102 Tr Financial Re￿thng Starmdard app￿¢atr￿ in the UK and Republic of IreLand': tho requirements of Se¢tiM 7 Staternent ofcash FIcNts. Incomtr AJI incomè i% recryI￿ in the Sktement of Fina￿81 Adivilies OTh￿ the charity has entth￿nt to the fijnds. it is probable that the inconE te r￿lY￿a and the anKfyunt can b8 measured reliably. Expendlture Liabilitses are rewnised 8s expenditufe as soon as there Is a tegal or constNciive ob5igalion ¢ommittin9 Ihe charity to that expenditure, it is probabte that a transfer of econom￿ Ixnefils will be required in settlement and the amounl of the obligation be measured reliabty. Expendiluie is arKounted for on an accwals basis 8nd has been classified under headws that aggregale all ¢ost rekte(I to the category. Where eosls cannot be directly attfibuted to partiatsr headings they have been auccated to acttvitw on a basss consistent with tae use of resources. Tangible fixod a¥$ets Depreciation is provided at Ihe follThing annual rates in cfder to write off exh asset over its eslimated useful Propert￿$ Conversion costs Olher aulhofised improvements Chapel and Amshouses fvmtture and equipment 1%￿ cost 1% on crjst 10¥0 on ￿$1 and 1% on cost 26% on c£ TaxatloTr The charity 18 exempt from tsx on its charitabte a¢tNitss. Fund a¢¢ountlng Unrestricted funds caft be usèd in accordar￿ With the itsitable obj&atv85 at the discrelion of Ihe tru$t8es. Reslricied funds can only be used frx Fwthul* rostrthd purp)ses tmthin the obj'ects ol the charity. Restrictions arise S￿rf,￿d by tho dorK*or when funds are rased for particular restrlcted pU￿Se8. Further exrdanation of the nature and of exh furnl 6 inch￿ed in the notes to the financial statements Pon81on and olher post-rotlremgnt ben•fflts The charity operates a defi[￿ c(Jntribulion pensior. sch￿. C•ntribut#Jns payable to the charity's pension scheme ore charged to the Statemenl of Finar￿1 Adivitss In the p41￿1 to which Ihey relale. PaL* 9 C4Jntinued... GORING HEATH CHARITIES. THE ALLNUTh AND BAKER ALMSHOiISE AP4D EOUCATIOPIAL TRUST Noto9 to tha Flnanclal Stat•monts-condrnied lortr* Year Ended 31 D•c•mkn 2024 ACCOUNnNG POLICIES- ¢onllnued Golng con¢•m After ￿viewINg the charity's ftjrecasts arKI wojecbons, Ihe truslees have a reasonable expe¢lation that th8 charity has adequaté resouros to conknni* in cyerattonal existence lor the fotBseeabl& future. The charity therefore continLW to 8dopl the goKng concem bass in p￿ParIng the fnancial statements. OTHER TRADING ACTMTIES 2024 2023 Renewabte Heal Incefttive 24,013 21.150 INVESTIENT INCOME 2024 2023 Rent. The Sthool HcrtBe Rent- Allnutt House Rent- Vvocdland Cottage Rent- Grazing Dividends Deposit inkfest 23AOO 43000 13,384 1,902 14,276 506 14,161 49.200 13,035 702 13.114 423 96A48 RAISING FUI Inve8tment managemenl costs 2024 2023 Porttrjio manageffffil 5.565 4,931 CHARITABLE ACTIVMES COSTS Th'feLX Cc&ts (see le6} pport co8ts1see note 7) ExperK1i￿re on Almshouses and other propety Chapel eXpe￿IllUre 164129 16,907 28,169 192,298 16,907 181,036 28,169 209.20S Paye 10 c￿nIlnued... GORING HEATH CHARITies- THE ALLNUTT AND BAKER AUISHOUSE AND EOUCATIONAL TRUST Ngte•to tho Flngnclal Statem￿l•-cOntInuod forth• Yur End•d 31 Dwrnb•r 2024 DIRECT COSTS OF CHARITABLE ACTIVITIES 2024 2023 Stafl cA)sls Fuel (oil and W(￿ pellet) El8Ctriaty Waler Council tax Insurance Chapel expendrtUTe RepaiTS and Ma￿tenanCE~ Chapel Repairs and mainlenance- Grounds Repai￿ and m8inlenanc* - Boilers atxl water Repai￿ and maintenance - Allnutt House RepaiTr and maintenance - Almshouses Repaits and malntenanc£ - captal items Repairs and MaIntenan￿- VVooJl8nd Cotlage RepaiTS and maintenance- Scho)l House Repairs and maintenance- Okl S¢hoc4 C Agent letts'ng fees Welfare gran15 and (kniations DeF￿eCia￿.01I 30,652 28.917 31,515 11.710 2.120 2.378 15,136 2,769 6.732 3,567 632 12h15 18,S91 3,09S 29.03S 4,141 2.6￿) 22.429 9,753 13,508 1.145 524 6.975 14,2 1.322 1,228 5,749 4.969 1,989 800 14,956 14,956 1811136 182.587 SUPPORT COSTS Govemanc ¢05ts M•werw Fin Tot81$ E%pendbture on Afmshouses and ott propety 76 4,110 28,169 Support Costs. included in the above, are as lollows". Management 2024 2023 ExpendrtUFe 8od other Tot41 Wages Pensions Telephone. postage, slationery & websrte Sundries Profes8i¢)nal lees Travelling expenses Social Tfalning fees lo￿13 8B9 3,345 10,173 814 1543 349 8.100 134 183 382 110 23,983 14.519 Page11 conlirwJad... GORING HEATH CHARmES- THE ALLNIITfAND BAKER ALMSHOUSE AND EDUCATIONAL TRVST 14ote8 to the Flnancial Statements. tthrt1n￿d for Ihtt Year End￿ 31 Docembor 2024 SUPPORT COSTS- contknugd FIMn¢e 2024 Expendtture on 2023 and other property Total a¢fy"vitss Bank dwges 76 79 Govoinancè ￿$ts 2024 Exp9nd￿U(￿ 2023 Almshwsos and other OPO Total ackn￿118$ Accountsncy and I￿81 fees 4,110 3.900 TrUSTEES' REMVNERATION AND BENEFITS The￿ wwe no tru$tees' remuneratmm or other benefits for the year end&Y 31 December 2024 nor for the year ended 31 Decemter 2023. Trustees. oxppns¢$ There were no trustes, exFell8eS P3KI kn the year ended 31 December 2024 nor for the year ￿ded 31 December2023. STAFF COSTS 2024 2023 Wages and salaries Other ￿nSIOn costs 41A75 814 42,364 2024 2023 Warden and Cwain AdmiThstralion No emptyeeg recei4*d em01um￿ts in excesg 01 £60.IJ)O. Pag8 12 o)nlinued... GORING HEATH CHARITIES- THE ALLNurr ANO BAKER ALMSHOUSE AIID EDUCATIONAL TrUST Nots81o the FIn•￿al St*m¥nts. ¢ontkn for lh• Year End•d 31 I￿Ornb￿ 2024 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AGtMTIES120221 Uwestrfd*d nd RestrIL￿d fijnds Totsl INCOME AND EhY)OWMENTS FROM Donations and ￿aCleS 10,857 3,779 14.836 Charltable activltles InLYJmo from residents 104.389 104.389 Other tradirvj actWIt￿S Investment incoff Other incomè 21.150 ,029 1.738 21,150 90,635 1.738 T*)tsl 228.163 4,385 232.548 EXPENDITURE ON Raising lunds 4.312 619 4.931 Charllable acdvltlo Expenditure on Almshouses and (ther property Chapel éxpendllure 181,191 1,238 18,656 182.429 18.656 Totsl 185.503 20.513 206.016 Net gains on irwestments 35.579 5.233 40,812 NET INCOMEIIEXPENDITURE) Tran$fer8 botweon lunds 78,239 <15,952) (10,895) 15.952 67,344 Not movomont In funds 62.287 5.057 67,344 RECONCIUATION OF FUNDS Total fisnds brought foTh¥ard 1.869.464 220.688 2,090,1 $2 TOTAL FUND8 CARRIED FORWARO 1,931,7S1 225,745 2.157,496 Page 13 <¥￿t￿lUtd... GORING HEATH CHARITIES- THE ALLNu￿ AND BAKER ALMSHOUSE AND EDLfATIONAL TIWST Noteg to the Flnanclal Statements. ¢onUnued for the End•d 31 Oe¢¢ml)or 2024 11. TANGIBLE FIXED ASSEf8 Chapel and Almshous furnitur¢ and ott￿r Prop￿leS Tolal$ COST At l January 2024 31 December 2024 730,295 192.897 1059,144 34037 2,017,173 DEPRECIATION At 1 January 2024 Charge for year 174,802 600236 5,724 34,837 856,171 14956 1,929 At 31 December 2024 182.106 48,225 605,960 34,837 871,127 NET BOOK VALUE At 31 December 2024 548.190 144M72 453,184 1,146.048 At 31 December 2023 555.493 146.601 I,161,￿2 12. FIXED ASSET INVESTMENTS 2024 Shares Broker cash 1.004,376 61,21S 924,168 1,065,591 960.650 Additional ink*mation as fc4hyws. inveslmenls MARKET VALUE Al 1 January 2024 Additions Disposals RevaluatK)ns Realised gainsllk)sses) 924,168 299,787 1273.550) 42,695 11,276 At 31 December 2024 1,004.376 NET BOOK VALUE At 31 I}e￿rnbel 2024 1,004,376 At 31 December 2023 924,188 In¢￿ded wthln listed investswts were investffwt assets the UK of £512.547 {2023.' £442,060). Page 14 c(Jntiwed... GORIMG HEATH CHARITIES- THE ALLNLirr AIID BAKER ALMSHOUSE A14D EDUCATIOIIAL TrUST Nots•lo th? Flnanclal StAtwn•DIg- conthu•d lorthe Year End•d J1 D•cemb•r 2024 12. FIXED ASSET tr4VE8TMENT3 . ¢ontinued The follow￿9 inves1ft￿ts represent Ih05e IK4dings thaL lry market value. ex(*ed 5% of the total market value ofthe lsled InveSt￿nt porthJlYJS. Proportlon of total Ilstsd volue % 5.6 Invostsc Wèalth & Invoslment Ltd lshares PIC S&P 500 Equal Wevjht U(its Holdlng 9365 value8£ 56.382 Cost or valuaknn at 31 Oeeember2024 ts represented ty: Listsd Valuation in 2024 1.004,376 Investwwts (neither ltsted nor ￿n￿￿ed) were as folkME: 2024 2023 Broker cash 61,215 38.482 13. IEBTORS: AMOUTr¥tS FAWNG DUE wrtHIN ONE YEAR 2024 thvhlend accrued income Prepaytythts and accrued inc 3.003 4A56 5,322 7A59 7.722 Pag8 15 )nliThJ8d... GORING HEATH ¢HARIYIES- THE ALLMurr AND 8AKERALMSHOUSE AIID EtyJCATIONAL TRUST N¢A•8 to FSn•n¢lal Statem•ni• -crati￿ 2012 D {619) (18.725) (1.169) 5233 5.220 (14,9461 (1,1691 3,779 (20,513) 5.233 {10,8951 TOTAL FUNDS 232.548 (206,016) 40,812 67,344 General Inv•8tment Fund Thi8 repfesents the net book value of fiwj assels (both prQpwt￿S finan￿81 investrnenis) vthich are nol hekj in olher lund8. Almshouse Extraordlnary Rep•ir Fund This repfesents awounts set aswje for providing èxlrnoftlinary repairs. improvement or fel)uilding of the Almshouses, Allft￿tt House and other propety beknging to the Charty. Page 17 Contin￿￿... GORING HEATH CHARITIES- THE ALLNurrA14D BAKER ALMSHOUSEAND EI)UCATIONAL TRIK8T Notes 10 the Flnanclal Stslwnents- conli ftsr tro Y￿r End•d 31 Doc•mb8r 2024 15. mOVE1￿T IN FUNDS. conilnued Cycll¢al Alantenwce Fund This represents amounts set asth for wlinary maintenance and repair of the ￿n￿hOUSe5 and other property belonging to the Chanty which re¢ur al infrewent ¥rtervals. Worklng Fund This represents the general Unfest￿ted funds Ihat aye availthe frxthe thanty lo use as they see fit Pennanent Endt)wm•nt Fund This represents the nel book value of prop￿ grfted to the charity. It also H￿l￿deS an element of fThncial investments, purchased from the pro(xeds of disposa of a property. This Fund set up to recoup cap11￿ sums expended with the spe¢ific authority of the Chafity CommissK)ner& The Charty CL)nThisgoners' ordets provth that suth capttal sums sI￿ld b& recouped out of the annual wicofft ofthe Charty by annual payments over Per￿dS slipulated by Ihe orders. Chapel Fund This represents chapel coffeclKJns and donatKfis given f0reXFenditu￿ on the cha￿1 and related salarTe$. Almshou•e Property ReS￿l0n 21J12 Dowrtlal*)n Fund This represents donats.ons 9iven to Ihe Charity in 2012 in order to fund the roof restoration ond boiler reptacements of the Almsh(x2ses. The r￿ven￿nt in thè fijnd represenls the annual depre￿atiOn of the fixed assets. inclumsed withthi other wthons8d improvements lo prop8ty {see nole 111. As in h'ne wth the ac¢¥yJnling polKies on dep￿ation (see note 1), th8 trfjikr costs wwe depreciated at 10%, and thEs cost has been fully 11epreciated over the course of 10 yeaTs. Tr rcof u)Sts are depredated In line with Ihe freehold propety depr&oth"on being at 1% FW annu 16. CONTINGENT LIABIUTIES The￿ were no known contingent IF3b￿￿e5 at 31st De￿rnber 2024 or 2023. 17. CAPITAL COMI￿￿ENTs There were no ojmmitfflents as at 31¥1 Oecembw 2024 or2023. 18. RELATED PARTY OISCLOSURES During the year one of the trustees. rented a small garage from the ch*Trty lor a sum of £52 per annum (2023.'£52). Pag8 18