2024-10-31-accounts

EGREMONT AIW SOMERSET ALMSHOUSE CHARITY (Regtstered Charity Nllmber 212864) UNAUDITED FINANCIAL STATEMEI¥TS FOR THE YEAR ENDED 31ST (￿BER 2024

EGREMONt AND SOMERSET ALMSHOUSE CHARITY PAGE B￿an¢ Shert&s a 31#(kknr2024 Nates totlK A 7-12

EGREMONT AND SoME1￿ET ALMSHOUSE CHARITY REFERENCE AND ADMINISTRATIVE D￿All5 212864 GU28 ODU Soli¢iLm'. FJr¢r& Co 66 LtiKob]Y Imi Fiejth WC2A 3LH In(kpaJdaJt Examujtr. Mrj A Bwnett ACA 25 SI S1￿ct Hthiwshire S023 9FU Wesl s￿ GU28 OAL Savills GU28 ODU

EGREMONT AND SOMERSET ALMSHOUSE CHA P•gt 2 TRUSTEFS. REFORT FOR THE YEAR Ef4DED31sr(rroBER2024 The TrusteespieseEittheirrerAYt )d row￿la1 ststtmmtsof Egmmt A]nth)￿ Chartty fth-the w ended 31stOctober 2024. Le8￿ and th1n15tri￿ infont•tiWS¢t OWOD th¢ pag¢ forn￿ wt of thiSTEWrt. Tr finEnc4al strtcmits hav¢ trÉ¢n Prepar￿ in cord•Jcewith thc x£ountinKp)licies set oul llj IhE notes lothe xcouttsand L￿P]Y with thE aJxity'5 T￿￿1 t)tt¢ the ChatiliesA¢t 2011 and Attounting dReportUJ8by Chitits". SteN￿0[Re¢0nD￿ Ptxtice applicable kn dwities PTeparin8 their accout￿ in xe0rd￿ with the Fir￿¢la1 ReF￿s￿thd •Fvlxabk inthc UK ￿dRew￿l1¢ of Ir¢latMlwblishtd in Cktob¢r 2019 CoDstitllllOD and GoverBiDg Docurntnt The chatity. ReBiStrabonNo. 212864, i% also ktsowtt&8 Ho4yitsi in N(ffth Strrt PetstrThth EveTh￿l A]n¥knwes in Hotshn Roa¢ Petworth. The 8ovem1ng4knw￿M is a%h¢nKs¢al¢d by th¢ClJJrity ComtDiS5W)W5 ryj 12th Sepmbet 1983. ThLS su￿￿1￿ntlY 4lred by * OrgAnIstio￿Tru￿tceS lld Mll#¥e￿etht The tru51eesofttR ch￿ty at 31A (h4)btr 2024.all ofth)mkdd offi¢¢ilffo￿thc yw wv¢'. The [￿rdE￿￿k)nt The Canon M Gilb¢n The Lady Egrerbw)M DrSP¢ll Mr J Riddell The TnLSt Dttd nottt8 Ihttthe fi￿1￿J$It¢Ssl￿￿Ad￿lS¢ ofnw ¢x4)IficiD]￿ynb￿4 ThE i￿rd eawj ReooT fmm parKshof St Mary PeiwortK thr¢¢ th￿tte$ The LTrOPtknve tr￿le£S t 4YKK)inted for five yeus bw can be rt-electrd. Them￿1￿5 have aptx)irted aTe51deDiW¥th￿ atyj Salls ut enBW wovv5¢¢tr nwJ&8c￿1Of￿ Chatity. The accou[￿$ are MB]nta￿ed at Lord EyettKxJi's Emt otri¢¢ in Pewrth. Tr fvil Irt)ftTd of rnsteesnKets tsvite a yts. All t)ewinsMees are fvlly briefrd on howthvor88rtisation optrates to ¢nswt th ¢lw wKkr5tsndtheirobligatsIx￿&S iJuAecs. As va¢Kits for In￿e¢S arise. applications ate 50u8hi from poieniial ¢4)dIda￿ knowm 10 * ￿treS0￿1￿thEy5￿tablc local ￿p]e. Awli¢antsare wnsid¢r¢d by th¢ th￿[¢£5 and appolntrnentsnth by r¢soluti(xJ ofthe Inlste Objt¢tiv¢JaDd •¢tivi¢ Somerset H05Pital en&)wed on sthJ￿￿8rY 174Q th¢ Ey¢tTh)nt Alt[L%1K>￿Ort 31siDettmter 1836. The n¥0 charirie5 W¢T¢ malBam&ted on 12th Sepiemkn 1983. Th¢ Sonrrw Hoswtsl buildingLY)ntairts nineself-tontaitied residentsal flas a)1 of whith W¢T¢ 3vailableto lei irt the year awj one 5elf-wnw￿￿￿$ithn1WKdeTh%' Ththe tsalso aresidents, a Spa￿ brthwm for guests. The Egre0￿1 Alrrhow¢s ￿lI(￿nE fourtstdtntsal flats. m￿￿tellIn¢t, Tepair, itiWoven￿L0r Tebuilth"ng ofthe EWe[￿t Alrrkn th Stsn￿￿ Hospi￿ Alm51K￿ Subj￿1 to ttKding these CD515, oilMse apply th¢ incom¢ forthc beneffit0f￿ le51det￿ in the Ajnkn. Publ1¢ B¢A¢fi¢ Th¢ confirnL they have corylied the duty in 17(5)of ￿ 2011 Cknitics Act lo have due ieg8td io guidath¢t publishcd by thE Chuity Conllnissiou. The tknxfitsth ar￿e fromthe airr6 ¥J (M>Faivcs of thE chaity theptuvision oftedueed LX>St &¢ommothion for aged wrpersor Athltwtthents id perforno¢e Th¢ Irw¢s coniinue to b¢ ￿1$fi¢d¢h￿lthe ¢hity Lu￿tit￿1ts FinADciII Revicw The Ch￿IlY s)ude aWu5 forth¢ yurof £933912023- £49340)￿(￿￿ mduatiMofinvesDnentsand b¢foT¢ trwJsfeT5between funds. ThL4 wasafter incuTTin8tirtai ￿￿E￿Ie￿a)ce ￿ watrtosty mcjtyth"￿cYcllc•l rcpJiTS.on th¢ al[￿￿K)us￿Of £78.99712023- £56,362). Reaiised ahd ￿T￿e￿IsedprOfJ1S on re¥￿Uall￿aTh1 ylc5 of IDvc5th￿ts tsAalled£231.65012023- £21.6231 Tesuliing in 4 swpI￿ for y¢w of£240.88912023. £70.8631.

EGREMoNfAND SOMER8ET ALMSHOUSECHARTrY TRUSTELS. REPORT FOR ThE YEAR ENDED 31STOCTOBER 2024 FmDciII Review Collyd The net %sets at 31st OdotrKI2024 nwlltdto£4243.953 laxrymrd 7rf1£4.(M13.(k54 * 31a(knob¢r20231 of £4.165.513 12023- £3.840,6311 w&8 held fixed ￿ets. Th¢ In￿¢￿s￿OnsId¢TthItthg dwmy ￿71 its kn lth"liiies¥hJ ¢onfThth•t dl assets ave held in xe0rda￿ewith the Rill pr￿￿S¢S th f￿] xwuni of th ¢ÉKroly wilh cimtro]& Ir￿ PToperry ownership and public liability 15 T¢￿¢53¢dO￿￿l￿lty. Reservts Pollty The charity ain￿ ￿MaIn￿1th ￿ &kquate wh reservewithti18eElw￿ frK day to day nm7]￿ L))Sts. Al the yeatcnd the ¢iwtty had£785,63712023-£72I.551}in gw¥J fr¢Ttservrsall¢r W￿re[rUlg£othts Cycli￿7 Malntrn￿ fi￿￿<2023 £0) detsils of Ththich w¢ d￿[￿￿ in wt¢ 14. Tr Trustees aitn t0matnla1n74Trn￿ty ay￿5 in this fund and to aEounutat¢ for filture iepaiB of it5 ddandhixic and tr￿sferav8Ilable￿￿ 10 build up fiJTrts for t￿p￿F Poli Trui1￿ R￿￿s1b111t￿s i rtltlM th the Flts•tll S¢xtr•tts The law applicable todwili¢5 in F￿gI￿d & Walcs Tequire thE tr￿￿t0￿41￿C r￿claI fwth fin¥J¢iai year. which give atn]e and f4irviewof ttLe stste of afflits of ¢hLty I￿] of tF* ill¢(rfnti￿rt$tyJft¢S and appl1￿10n0f Te50w¢esof th¢ clwity for that . obscrv¢th¢ wincipl￿ in trCknti¢55td irt the firwn¢igl$w¢mits," operation. positionof the chatity alld enajle them th enmthat ts financial $￿t￿￿￿￿￿1Y with th¢ Chariii¢s A¢1 2011, th¢ Ch￿￿¢$ (Accounts and kqm>￿l Regdai0Th8 ￿dthe pmvisiortsof the trwd¢ed. Try wc atso rcspwfyTrl¢ for safr8uwduJ8thc of th¢ si￿¢don b¢halfofdKTnk4ic¢s'. Lord E

EGREMONT AND SOMERSET ALMSHOUSE CHARITY REPORT OF THE JNDPENDENT ￿￿￿lNER TO THE TRUSTEFS FOR THE ENDED 31ST ocfoBER 2024 I rw)rtto the charity trus¢s on my exhinationofthe the k¥theY￿ erthd 31AOttober 2024 whithare 5et(Nrt on pages5￿11. RtwMlblUtltJ•d basts of v¢p•rt As the C1￿]ty'S ITU5tee5you we tesrA)tLsible fo[thEwTaM￿ofthE with thE tc4uitEt[￿llts of the ClJaTiti¢s A 2011 I'the Act'l. I repon in T¢SF¢¢t of rny ¢x￿)i￿lOn ofth¢ ¢harity'5 r4aiimtswrKd (x]t utth s¢oion 145 &Jd iD raryytngouirny examinaiion J hav¢ fo]lowrd all the applicable th"r¢oion5wv¢n by ￿ Cbarity ConMni5sion wth5¢uion 145{5)(bl of th¢ A¢L Ind¢ptud¢•texarniner's ststw¢llt I havetompleted my ex&ninatioii. l t￿fim1 menai MtershaveCTh￿rny attemiM in Con￿¢t1￿￿th thttx•nin&iott giving me cause ￿believ¢th￿ in any r•" . acto￿tingr¢￿Tds wv¢ w k¢pi in Twofth¢ a5 ryullrdby 130oftheA¢ . the accountsdo tM)txcord with l]M)5eTECOt&". OT -the ￿coUntsdo Mi thnply with the appli¢)k wutruwnts corKtrniDg thc fo￿ and ¢onniofxrfrtJNs sd ¢￿1 llj th¢ Chwiii IA¢counts and Rew1sI Regulions 2￿8 othr than￿Y Teq¥Irtw￿t th&trxwJntswv¢a'm¥and f4irvi¢w' whith is Tro¢a mau¢r considered as pan of an md¢ ewinatioD. r¢wrt in (xderto able aptupet J8m¢5 An8U5 B CA 25 St Thom*s Stre Willchetht HaM￿hiTe S023 9HJ

GREMONT AND SOMF,RSFT ALMSHOUSE CHAIiITY STATEMENT OF FIP4ANCIAL AcfivTriFS FOR 171E YEAR ENDED 31Sf OCTOBER 2014 31112424 31n2 INCOME FROM.. IIU29 IIU29 125.469 13.( 61118 75210 13.092 828 81.920 12.050 66J62 78.412 6.710 6.710 TQTAL]NCXIME IW.7Jg 71• WENINTUREThW.. Ryirs& ma1yrte￿￿ lJ74 l J74 l J74 9.193 13M8 I3￿8% 10.567 78.997 4.126 20.170 6.4563 7)Bl 17261 7.131 3.181 56.362 4.126 4.126 2O.1Tr A663 7J81 17261 7.134 Woge5 Wth&Ck W•trrR45&Cw•l T•x 4.346 Te1c￿t (kn[Eco￿￿) 2.340 6237 7.492 7.492 437 0.075 437 6.075 263 5.610 1.9W) 144.074 172.123 172.122 TOTL LVENTirruRE NETJNCOM &71• •J39 493 Ndwnsrf1O53es}￿ Imstm Ttan5fctsbrtwtth futsts 21557 201. 231.650 21. 13 (￿.(￿) Nrf MOVEME14T INFUNI 70 RECthYCILIATION OF FUNDS Fundbalinc¢sbroughi fonvard 711J51 235J16 3.IMO.127 4.(KI3. 3.932201 FUND BALANCKSCARAI£DFOILWARD 21•W3

EGREMONf AND SOMERS￿ ALMSHOUSECHARITY BALANCE SHEET AS AT 31ST OCTOBER 2•24 Tawbi¢fixedsws FttholdPtoFerty 981.423 19.f*l 934.450 23.853 Iml.lJ84 958.3D3 2271.429 1.989J28 893 893,(KN) 4.l65J13 3.840.631 c￿hat BankatsJehaniJe5tkwFur•l B9.033 176.113 96303 183.013 162.433 4243.953 4.N3.1kn4 3247fft5 3.046.127 Income Funds DesTrwtedFurtd4' Exttaorthnary REPits Fthj cydI￿ Fthj 13 ￿5￿7 r21351 108263 41430 153.832 81354 210M3 235J86 4243.953 4.(￿3.(￿1 MGthrt Dlie...

EGREMONT AND SOMEWSET ALMSHOUSE CHARtrY NOTESTO THE Fif4ANCIAL STATEMENtS FOR THE YEAR EP4DED31ST (￿BER21124 STATUTORY INFORMATION ACCOUNTING POLICIES A¢¢0¥Dtirycr￿v¢llIi IIJE Statemtsofthe charity, which is apjblic Wirntsty. hJv¢ bcen pwd in accordance withthe with the F￿￿￿18[ Re￿nIngs￿)d￿d 4>pliubl¢ ID the UK Republicof ItrlJd IFRS1021issued in Ociokr2019 atLd the Ftnanthal RepornngSw¢JaTd applith UK aTrJ Republic0fl￿I￿d (FRS1021 and iht Chanii¢sAet 2011 aftd UK G¢J)¢raily A¢£¢Oed AccthMti￿P￿Ilt£ a% it 4Wies ftom lJwwy 2015. Th¢ fin￿Cial Mat¢rn¢nts h bccn prwed underthe historical tNwJified by th¢T¢vatuion of inv¢strrMts. IAc¢ounis andRep)nsl R¢Bulior6 2(NJ8 fflly w th¢¢xtenLrequi¥edto ￿idea.￿￿ d fair, vitw. This dtpartur¢ha5 involved fol]w￿ A¢¢ovniingand R¢porwby cThzr1tie5￿Vl￿ d1[¢O￿ts in a¢uffth¢e w7¢hth¢ Finw)ci R¢poning Stsndwd ￿pIlth ￿the UK Republic of ￿tI￿(FRs102I isswd in (knbb¢r2019 r&h¢rth4nthe Accounung 8rHI R¢tffikDg by Chuilits". Stttthiof Rtcth-thnt￿ F￿•C¢¢ffculyC from IA Aptil 2￿5 which h% slljce bEeD withthaw. IDtoTh¢ T￿iVed be rtli&Slytlle&%wed R¢ntal is itLcIth in thewKdthat ii is Aty rents clwged in adYanL ate defeNed. B)kintertsi is i￿1￿￿ knTrcciv¥ble. Exp¢JditsT¢ All liabilities ¥e rt(WI￿al th¢rE 15 wLxKtsth￿VtoblJ￿￿ ¢onrriuingth¢ ¢baty tothat reco￿]$￿ inthe period tlxy to. chaitknlee4x￿s1ft¢lWkthe ¢osts involvcdinth¢ thy to dlly nmnu>8of the for

EGREMoprrAND SOMElL￿T ALMSHOUSE CHARTfY Page8 NOTES TO THE FINANCIAL sfATEMEfiTS FOR TAE YFAR ENDED31sT{￿ToBER 2024 ACCOUNflNG POLJCIFS (Co￿DI TRgiNt Flxed Asstts Fixed assets whjse oriwnal v)5[W￿rnore £350 have I￿1￿￿1￿d￿J￿W￿1￿[bw¢r& foliowin8periith.. FiKtUfe5 a[￿eqUip￿￿￿f Fixtures aftdE¢wtpD￿IthP1wl4cdt0)E￿% than £15 havebeth twritwioff. Frttbold proptrty lTh¢ a]rn5houscs aTE hi5tNi¢ buildiw •)d as w¢ll a5 lingthE fu￿its￿ KWiesof the djarity (ttittg used to provid¢ dW￿d ¢ts￿ ￿mn￿lon dJRJtsbk deed) aisodassed&g hi5fffficai I￿1"1d￿￿ and henLY hetits8e assets. thje toth¢ ￿1q￿￿OEthe buildiw a valualion in w of th¢origma] prorwDc5 15 very difficulito attribute and a5 such the otigina] v8iucsof thE have lenexdwkd thc ba￿¢¢ slwotLth¢ b¥15 thatRliable ￿$1 ujfomwion ss noi availabl¢ and conventi￿￿ y￿uatI(￿l pwothl& suffi¢icnir¢lithilAy. Th¢ Val￿ of thebuildiEV irt¢1￿d in the ￿￿Esents wdtttakenw the twildll¥5 sujce 1983 SMLY these costs are si8nifmrtty low¢rkn ￿L￿￿ld]￿, likely valu4 aThd&4 kept in K(KyJTew.the Ttustees believ¢ li is not spptorKiate to dEwethe th WOFrttyrs. Inv¢5tyents are Val￿d mid-met valww th b￿￿￿¢￿1d￿. All Ye4iid unrealisedgwD54¥MI I¢)sses aTe ta th¢ Statew£ntof FiTLqncial Aaiviiies. InvtJt•ext pvoperty ]nve5tmeni proptrn.es for wbich fairvalue w be r¢]thty withoututKh￿ cost (Ktffort nx&%wed ￿ fwr value at e8ch rtpJrD"ngd8rewith ch￿8t$ in far valw rww4J uj netgai￿ oty investments inthe STa¢￿t of Auiviiies. TTa(k debtOTS ¥e rttorthdattkirs¢ul¢rD¢ntrnMrt Prtpw￿ •r¢vaiwd th¢w¢paKI the BalarK¢ Sh¢¢i C￿h It B•Dk ••d IN Hxnd bank and in hand ￿￿￿]e5csh slw)rt trn hi8htyl1quidittvestim￿ith sh)n mati]rity ofthreen￿Its or le&% Creditors TaLqti Ihe ch¥ity is extrytfrom thxon Itsd￿.￿bIt *(iviti

Pagt 9 EGREMONT AND SOMERSET ALMSHOUSE CHARITY NOTES TO THE FINANCIAL STATEMEKfs FOR IHE YEAR ENDED31ST o￿oBER2D24 ACCOUNTING POLICIFS IcoKfiNUED} Funds Uttresttitied fijnds are [￿d$ be ud In the Chuitsble objcas ￿ the discfrfion of the mwtes. [k$i￿￿ed fi]nd% e th(tse futyjs thathe thL%tetshve set fot Cycl￿ miintertea￿J extr￿[dI￿ary Tepairs. En(knwT[￿rt fullthltt tIM)se filt￿ which ate tok htld&% t4Jitai in the fom) of1nvests￿n1s. either OT shares I dcposits and ¢moi ￿ SFent. The irome 8￿#¢d the inv¢5twJts usd for the ¢hanthb ¢ purpose and h8s no restriction on its w¢. INVFSTMENT INCOME Total Totxl 2023

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Diwidth InicT¢St .106 2012 2307 62,413 6.415 01.210 5.146 TRUSTEES REMUNERATIOli & EXPENSFS EMfLOYELS To¢•1 Tothl 2023 F#ods Waw d Saiariu Natio]JaJ I]L8ura￿e 17.742 iJ72 .056 17.742 1,372 1.056 17.429 1.347 595 Holiday co￿¥ Avcrage nwnberofaryioyts I I21)23- 11. FIXED ASSETS Totsl Toll 2023 Hwmlal HOSP￿￿1 Cosi &8 at iii In023 Additions duting yw. dunrtg year Lost as at 31111)12V24 230.538 697.912 40.973 80.425 1.014,875 1412 49,385 l.(¥)6,820 18.9(Y) 110.854} reciatM￿ as at 111 Ir2023 Depreciotion Char8e m Yeat DepreC￿lOn on diSr￿￿alS l)epre¢iatson as at 3111t)nv2c 56.572 56,572 59.458 7.969 110.8551 Nei b￿k ￿￿ue at 3111LIQU24 236.538 744.¥85 19.t*Jl I,Wl.V¥4 Y5¥,3V3 Nei Val￿ ￿ 3111vnu23 I3￿53¥ 6Y7.912 23.¥53 Y5¥.3V3 Y47,362

P•8e 10 NOTES TO THE FINANCIAL STATEMENTS FOR THE YFAR ENDED31ST ￿TOBER 2024 2023 1.989.328 1.918.461 Athj.. Additi(m￿ to atL¥t 6ll64 49.244 219.937 21,623 Matktt Val￿ a 31si(kth£2U24 19,517 434,530 1.053 ,534,228 M&G Ch￿ty Mutti Asxt Fund LGT F<rtfolio 2.271.429 INVESTMENT PROPERTY 2023 ¥Y3.1 ¥93,1 DEBTORS 314 12.759 (13,827) 7,654 Rtni T¢¢tivabk Rtjrt bLlled in Jv•K 11.823 (15.1281 10.475 10 CREDTMRS: *ilhkn ••tyur 2024 2023 1338 I l.l(K) Reni T¢Ctiv¢thbilled in 15.425 9.480

EGREMONT AND SOMERSET ALMSHOUSE CHARITY Pageii NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED31SfOCTOBER 2024 cor4NECTED PERSON TRANSAcfioNS DuritLg Ik yw thc¢h¥ity irtwtcd eX￿￿Of£JI,342 12023. £21 J24) in r¢smofJminiknw and rwiaor ofth¢ Le¢ollf￿ E5ths. Tr syeditrrf at lgtDll]￿ of tr yw wa5 £480. AI thecnd of the y¢Br, w&$ a cftditiof £525. 12 TRUSTE￿ INDEMNtTY INSURANCE th effed frun llj 2024. 12023 £1(K).(MMI}. J3 MOVEMENf IN FUNDS TraLrfers At 31.10.24 R¢51rftttd Capiid fimd 3.046.127 201.496 3247.623 Unytxtrictcd InLX)]ne ftlltd 721 J51 785.637 153.832 81.554 14,431 139,1241 168.263 42.430 - Cydic8] Malftty￿¢¢ fund Tot1 4.(M)3. 240.889 0 4.243.953 Rtw)•rtts MovtThent txpudcd IB funds Rtstrirted fyDds capit￿ EThth)￿ fimd 201.496 201.496 Unrtstri¢led fvb In¢om¢ fibjyj ated fun& . Extt*)rdiDary Icpw fi￿d . cycl1L￿ ma1[th￿ fillKI 249296 185.210 64.086 14.431 870 14.431 139.5241 Totsl 225.210 240.889 14 ANALYSIS OF NET A&SETS BMVEEN FUNDS Twible J•ve￿I Net ¢urrt•t flxtd Property Totsl Remrkied Capiid Fwjd 303,037 893.(XMI 1051.586 0 3.247.623 Uurtstrnted fmnds Incorne Fund 69&047 55.107 31483 785.637 DuigR4ted F•AdJ Extrwrdinw Repait Fund Cy£licai MaintCELqnL¥ Fw 164.736 3.527 42,430 168.263 42.430 'Iotsi IuDd$

ECREMof¥T AND SOMERSET ALMSHOUSE CHARITY Pag¢ 12 NOTES TOTHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31sfocTOBER2024 lll¢ome Fttnd not destena(¢d f(Y w[￿ul3[ pwpx5. Desbted F¥nds rna1nten￿ee of th¢ and a ￿]Y w) IS to te srf&5ide into exh fund [(￿ thi5 PUttK>se The TnL*iees have set &%ide£O12023 £01 this year f(ff aMicw¢dm8Jw ryir4 MMxE&se4