FRAMEWORK KNITfERS
COMPANY ALMSHOUSE
CHARITIES
TRUSTEES, REPORT AND
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
Registsred Charlty No: 212946

FRAMEWORK KNirrERS COMPANY ALMSHOUSE CHARITIES
CONTENTS
Page
Reference and Administration Inforniation
Trusleel Annual R•port
Independent Examln•rfs Rowt
Statement ol Flnanclal Acllvltles
Balanc• Sheet
10
Notss to th• Flnanclal Statom•nts
App•ndi¢•s
22

FRAMEWORK KNirrERS COMPANY ALMSHOUSE CHARITIES
REFERENCE AND ADMINISTRATION INFORMATION
Corporate Trustee
The Worshipful Company of
Framework Knitters (see App 1)
Master
D P CcKah
Honorary Tr•asuror
P M Trnnter
Cl•rk
R J Gles>son
Ind•pend•nt Examlners
JBGriffin
Nthvby Castb8man LLP
Chartered Accountants
West Wolk Building
110 Regent Road
Loic8st•r
LE17LT
Bank•r•
Lloyds Bank PIC
222 Strand
London WC2R 18B
Solicitors
Shakespeare Martineau LLP
1 Corton Square
Leicester LE11QH
Stockbrokers
Brthmn Ddphin
OlympK House
D(xldinglon Road
LirKJ)In
LN6 3SE
Principal Offic•
The Clerk
White HcAJse Farn
Mill Lane
Scamblesby
Lincs
LN119XP
Charty number
212946

FRAMEWORK KNirrERS COMPANY ALMSHOUSE CHARITIES
TRUSTEES ANNUAL REPORT
FOR THEYEAR ENDED 31 MARCH 2025
The Trustee presents Ihe annual rep￿ and ac(x)unts of the Charity the year ended 31 March 2025.
The aCc￿nts have been prepared n acc¢ydance with the ac£4)unting policies set out in th8 Statem8nt
of Accounting Policies - note 1 to the accounts. and Comp￿ with the charity's governing documenl, the
Charities Act 2011 and 'Accounting arKI repot'ry by Charities": Statement of R￿OrnMended Pr8Cti¢e
applicable to Charib85 preparirwJ their accounts in accordance wilh FRS102.
The accounts have been prepared to gNe a In￿ and fAir view and hBve departèd from the Charrties
(Accounts and Reports) Regulations 2(K18 On￿ to the extent r4uired to provide a true and fair view.
This departure has invofved followi￿ the Statement of Re￿xnm8rwjed F¥actice for charit*s apptying
FRS 102 r8ther than the verslon of the Statement of Recc•rrnTrJed Prnctice whlch is réferred to in thè
regulations ￿ which has since been withdravm.
eclivu and Aetiviti08
Objects
The objècts as set out in the govèmltyj d0￿ment are to mana08 the Cottage Home8, which are run as
AIms1￿u8•S in Oadby. Leicestershire.
Alms
To provide acComMda￿n which is owjpied by both sirvJle peopl8 and coupb8. who are not1888 than
eo y?ars of 2g8 and who v*re employed in the hosiery and knfvthr industy or alliod trades or who
arè widow#. widowets or chiklrèn of such Vjrnons.
ObJedlve•
Tho objective8 of thè charity are..
To provide accommodation which exceeds all Criteria as laid down by The Am8hou8es
Associalion.
To provhje a saftj and friendty environmerrt for the resldents.
To maintsin and upgrade Thg Cottage Hom85 and so en8uriw they will continue to be
appropriate for yeafs lo come.
8tatement of Public Ben•frt
The tharity prowdes public benefrt Ihrough the operation of The Cottage Homes Alm8hous88 for retired
employees In the hosiery and knilwear industy or allied trades or who are widows, widowers or
children of such persons.
The tharity has considefed a￿1 adhere to the Charity Commission's g(Mdanc• on Public Benefit.
Aehi•vèments and P
The Trustee has managed the Cottage Homes, in Oadby, since the eaty part of the 201h century. The
Trustee has endeavoured to maintain the Cottagè Hornes so as to compty with modern stsndards and,
over the years, has carried out a programme of modemisation to most of the properti6s on the site. The
Trustee reviews all cottages when they becoff£ vacant and uses the opportunty of the vacancy to
redecorate. rf nece88ary, and carry out any necessary work to coffpty with modem legislation.

FRAMEWORK KNirrERS COMPANY ALMSHOUSE CHARITIES
TRUSTEES ANNUAL REPORT {CONTINUED)
FOR THEYEAR ENDED 31 MARCH 2025
The Trust88 continu88 to rec8rrf8 reguL3r requests from retired hosiery and knifviear industy workers
And allied Irades, wishing to become residents of the homes ar¢d, at the present time, has a waiting list.
The Truste• has mot on a monthly basis to cons￿￿ a number of applications and to ensure the
wellbeing of all rnsidents.
Inv•slm•nt Policy and P•rforn￿nc•
Our inv8stm8nl advisors. 8rewin Dolphin, manage the portfolio on a Oscretionary basis and invest to
maximbse the totsl retum on all investment funds wthin the Gonstraints of a medium rlsk investment
portfolio. The expendable inveslments have been managed as medium risk porttolio wth a bias
towards higher income yielding stoth. Th? h￿h levels of stock market volatilty and the continuing
uncertainty regarding world ecorK)mi¢ wospects and the stabilty of certain bank8 continues to make
the management of investrnents difficult. The charity is a low-tem investor and stock markets remain
above levels seen in the mi&1980s and the tru8tee. on profess￿nal advice, contlnues to hold a mixed
rtfolio of equEties, cash and other investments desvJned to provide a level of stable incomo arKI th•
possibility of investrnent gains. The equity component of th8 inv88tment portft>lio is weyhted wrf(h
medium appetite for investment risk vnth the main axwmure to invoStmont8 in the leadlng advanced
industrial économios with a hi8w of paying dividénds.
Flnan¢laJ perf0m￿n¢t
The charity continues to remain flnancially sound and is funded from wicome from 8 Portfolio of
investments, by maintenance ¢x*ntr1bUt￿ns from resKlents and contributions mad8 annually by
members of th• Livery arKI. to somo extent, by funds b0quoatt￿1 to the Company by d8cea8ed
mémbèrs.
During the financkql year the charity had an investment income of £61.551 IFYE 2024 £60,315). At 31
March 2025 there was total net current assets of £417,418 {31 March 2024 £464,121), A redudion of
10.06%.
Flnan¢lal R•vl•w
The Charity continues to remain finartially sourKI, despite the larg8 ¢apff£al ¢osts ￿cUrred over racent
tlmes in the redevelopment ol the h¢)mes. The charity continues lo maintain suff￿16nt resourc8S to
Allow it to continue rls day to day management.
During the financial year the charity had an income of £227,036 (FYE 2024 £322.C63) total
expenditure of £244.027 (FYE 2024 £162.917) resuttirvJ li a def￿11 of £16,991. before investment
oain8.
Principal Funding Sources
The day to day fvnding of the charity is achieved from contribulions made to the charity by the
Liverymen of the Company, by inv8stm8nt irKomo arKI by maintenancè charges paid by the reshjents
ofthe cottage8.
Invèstment Poliey
The charity maintsins a portfolio of investments, whth are man8ged by B￿win Dolphin on a
Discretionary basis. The majority of the funds held by the charity are invested in blue chip common
investmanl funds.

FRAMEWORK KNirrERS COMPANY ALMSHOUSE CHARITIES
TRUSTEES ANNUAL REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Reserves Policy
The Management Committee has examined the charity's requirement frK resepRs in I￿ht of th8 main
risks to the charty and a 5 year business plan is maintainod by tho Management Committee, which rs
updated on an annual basis. Funds are set aside annually as par the prescribed Almshouse
Association rates for future inpmvements. During this finanaal year it was not possible to sel aside
any funds and the balance on designated fvnds at 31 March 2025 amounted to £661,059. 50% of the
estimated annual mainlènanc8 inccHne is maintain8d in investments as a reserve and this sum
amounts to a minimum of £75,000. At the year the charity had a surplus of free reserves of
£1,751.
The Management Committee believes that the tharity maintains sufficient resources to enabl& it to
carry oui its day to day tMAin•ss.
lan8 for Fulure Perlo
The charity plans to corrtinue to run the Cottage Homos at Oadby as it has ncw done fix many years.
Cottage 20 & 21 have deteriorated over the years and tsyo quantity surveyors reports have been
gained. Both reports statsd that rt would be ￿n0f￿181 to demolish and rebuikl. This has been agreed
by Ihe trustees, full planning pemilssl￿ has been received and the work should commence at the end
of June 2025
The charity is required to comply with thè Conyny's Charter and Is regulated by a Scheme of tho
Charity Commissioners dated 12 December 1972. the registered number being 212946.
The purpose of the charity is to provide and manage AJmstThises for persons of not less than 60 ￿ar8
of age, either who were employed in the hosiery and knihvear irKlusty or alli&d trad6s, or vtho arè thè
widows, ￿doWers gr thildren of such ernployees.
The Company is aLrthorised, under'seclion 3(11 of the Law of Propety Aff￿ndrnent Act 1926.. to act in
rèlation to charitable, ecdes*6tical and public Irusts, as a trust corporatlon.
Company Herllag•
Mosl of the Livery Companies of the City of Lon&)n evolved from the medieval trade Guilds which had
come into existerte as a resurt of the natural inclinat￿n of Members of the same trades and
OCCUP8tions to band ti4elher for gwd fellowship and mutual aid and wotection. From an earty stage
there was an emphasis on tharity, with the Guilds supporting t1￿1r members or their lamli ies who h8d
fallen on hard times or were sufferirvj poor health. Also, there VAS a Btrong religious element in the
Guilds, each owning their own chapels or being attached to 8 local monastery or church and havlng
their own patron saints. Although less Imp￿snt followng the Refmation, this spiritual connection is
maintsined to this day through such aspects as the knvery Companies, use of the prefix Worshipful" in
their names. On 6peoal occasions. the Guild members vThe distinGlw8 robes, or liveries, and
consequently became kTrJwn as Livery Companies. The thanty is therefore sometimes referred to as
the 'Companf even though it 15 not a registered company.
Organisalional Structure
The management of the Airnshouse Charitses IS CXXKlucted by th8 Court of The Worshipful Company of
Framework Knitters. The Court comwÉses a maximum number of 32 persons, who shall direct and
manage the 8ffairs of the Cornpany and exercise a￿1 perfomi all the KM)wers and dthies of the
Company.

FRAMEWORK KNirrERS COMPAKf ALMSHOUSE CHARITIES
TRUSTEES ANNUAL REPORT (coKnNUED)
FOR THE YEAR ENDED 31 MARCH 2025
The Court Shall constst of the Mathf. N%*rdens. an Honorary Tr68surer. past IAastws and not
rn0￿ than 15 A58istsnts.
Court decisions are taken by a vole on mo￿on$ wrwed to L At any Court medlng. Ihe Mastyr ofth8
Company will take ihe Chair. bLrt, in h* absèrrA, ￿ Chalr shau L* taken by the immBdlats past
Mastèr and, in the event of both the Master and the Immediate past Master being absent, the Chalr
shall be taken by the most senlor Court memL*r p￿Sent.
TP* m8mbgrs of the Court rewe8Wrt a wide rarYJe of I￿Gine$S and management skAls and are.
therefore. well able to manage the ¢hathy, ￿h0￿]h day to day manag6m8nt ol the Cottage Hom8$
08dby Is ddeoaled to a Management Commlttee. vA)ich conslsts of t￿ Upper Warden. for th8 lim•
belng, the Cottage Home$ Administrator. the Past Ma6th. A8$￿￿ts and other member8 ofthe LNery
who •re to deal wrth the day to day social wthlng oftha re6idanls ol the14ome8.
Connected Ch•rltloB
Worshipftjl Cory)any of Framv￿ork Knltiors Cwrat8 Fund, allhough not a charfty Ilyelf. i
connected to both the Framework Knltth Company AJmshou60 Chariti85 Bnd The Wofshipful
Company of Framwrk Knlttarg Educational Charity.
Trust•e Induction and Tralnln9
There 1$ no fomal trolnlng OT Ir￿UctIon frjr Court members. bul all S￿nd a conslderable number ol
years In the LNery beforn being 8skwJ to becThne an Asslstant of the coM￿nY and are well versed In
the affalrs of the Amshowe Charlly b￿Orè they bxom? an Awtanl of the Company.
Rl•k Managom•nt
Tha Managernent Commlttee cattles out a regul8f revithv ol the rl#k• to vknich the charity 18 8xposed,
l.e. if Ihe Govemment C885ad paylng the residents, maintenancé eharyas. m•ny of the r68iden16 would
nol be In a posftion to pay thi8, vthich coukl result in financl81 drffic￿1￿ÈS lor the Company. Although
there have been Indi￿tiOnS that the Government may chary the monnei in which malntenan
charges are paKI, the Trustag is comfortable with the present syBtem.
Addttlonally, il Cottsge Hoffle8 Administrator unable to Manage the on 8n ongoing ba818,
ellher through illness or by baving the Company, thls coukl cause PfoEAeTrs on 8 day to day ba$i3, until
replacement was found. Hower, the TnJsts6 maintaln$ a rota. whweby one indfvldual 58 the Duty
Offlccr for one rnonth, That Duty Offic•r woukl manage tho Htsrr￿ on a 6hort Iwm basls, with the help
of other Court members.
Ind•Dendent Examln•r•
John Griffln of Nevkny Ca8lem8n LLP vM8 apwnted i￿endent examiner during the year and
has ewessed his wulingness to act in thal cap81?ty.
By Order of the
D P Corah
J J Pears
Upper Warden
P M Tranter
Honorary Trea•u(er
Dale.. 10th October 2025

FRAMEWORK KNrrrERS COMPANY ALMSHOUSE CHARrriES
INDEPENDEprr EXAMINER'S REPORT TO THE TRUSTEE
OF FRAMEWORK KNITfERS COMPANY ALMSHOUSE CHARMES
FOR THE YEAR ENDED 31 MARCH 2026
I report to the ch8rty trustee on my ex8minati(m crt the 8efthints cl the charlty for the year ended 31
March 2025 are set out on poges 9 to 21
R•spon*lbllllSe• and bASiS of r•wt
AS the charit￿$ tr￿tee are respo￿￿8 the of the aee*wrrts h aetordance ￿￿th th•
raquireff*nts of the Charltks Act 2011 {Ihe Ac*).
I raport in respact ol my examination of the charity'$ a¢(￿nts (*r*d out und•r section 145 ofthe Act and
In carrylng aut my examination I havo foNo**l all the applcable DirectK)ns given by th• Charty
Commisslon und•r sa¢llon 145(5)Ibl of tho Act.
Ind•p•nd•nt •x•min•rf• •tat•m•rt
I hAv8 c4xnpteted my ex8min•tion. I confinTr Ihat M mai•rial matters hav• coma to my attenlh)n in
connection with thè examwiation wing m• caLoe lo bel￿¥¢ that in ony m•teri•l resp8cl:
accounting r•ca)rds w•rn not kw in r•8p•ct oltho charity u r•quied by ￿C1kn 130 of th• Act., c*
2. thè acco￿18 do not accud with th04e r8¢QfKIs: (Y
3. the 8rxounts do not compty with the athicd)kn rnqLirements conc•rning the form and content of
accounts set oul in the Ch•riti68 (Accounts and R•portsl Rryulatw)ns 2008 other than any
requirement that th• accoun18 grv• * tru• and far Ib not a matter con$Klwed &• part of an
independent 0xaminat￿.
I have no concern8 and havo corm 8(TOS8 no ottwr matters n conneGtion wlth the examination to wh
8ttention should be drawn in Il¥s repxt in ¢xder to enable ? proper understanding of ac*ounts to
r•8ched.
J B Grfthn FCCA
Newby CastL8man LLP
Chartered A¢￿untants
West Wolk Buildin9
110 Regoni Road
Leice51er
LE1 7LT
10 0(knbef ll)25

FRAMEWORK KNirrERS COMPANY ALMSHOUSE CHARITIES
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 MARCH 2025
D8Sign*&4 Restrlcted ,Total FurKls' Total FLnds
2024
Ikxomè from:
ID￿￿¢￿$ & Ltyxles
lin￿tr￿nts
charltsb￿ Actmlles
6,418.
418
61,5511
97,445
25.201:"
ITol41
£159 C*71
£25 201 £42 768. £227 036
lÉxwx*ur• on:
ICh8ri18bb Actillties
In&llLoss881 on Ir￿￿51n￿
21,664
18.9)8
40,172.,
N•1 l Exp•rKlitw•
(12,705):
(8.4771
21181,,
243,359
'Tr8nth8 be￿￿ FuM18
24,382
{8,4771
21181
Rec0￿1111atN)n of FWNIB
Fund Balances Brujth
838 697 S 433 252
5 821046
Fund Balances Carrknd Forwvd
£￿10￿, £5 424 778: £6 (M7 $06
The nol86 to the flnand818talements on pages 11 to 21 lorm part of these ffinBncaal stateffents.

FRAAIEWORK KNITTERS COhfPANY ALAISHOUSE CHARMES
BALANCE SHEET
AS AT 31 MARCH 20VJ
Note
jT•wJble assets
'In%estrm)ts
4000,000
£1,670.17(1,,
4,004tK
I,fffj284
ICurr•nl A•o•t4
Cagh 018th &
7.408
467,587
438,132.
Llablllll•s
.'£4thln 1 Yr
12
'N•t Curr•rt •A••t•
417 416,,
,Th• Fundj oltl)e Clwrty
14
a•ner41 Fund
AccuJNlat¢d Fur
1.751
{6,544)
D•*n8t¢d Funds
Ethaorthrwy Il£p&lr FWKI
Cycl¢* Melntsnrte FWKI
211.m
379A8J
292.008
344. 189
661.0
662.810
636,697
631.t53
Totsl Um¥tric*d FuThJ$
IRestrl¢t•d Fund•
Chadtsbk FurKI
Rebdua￿n Pasene
Tol4 Chfjrltabb Fund
.COtt￿ 20821 Rebuiky FLK
AIn￿h[￿e Ch8rlty Dèeds ol
CO￿8n1 8rKI Donetions FLff*l
4439.tho
4.395, 195
S.310.885
&274,384
gV,OGQ
6.433.252
£Y ￿94 406
Totsl Charky Fund•
The financwl state
slgned by.'-
apprThYd by Ihe Court ofAss15tonts ofth• Tn*tse on 11th Octcthr 2￿24
DPCornh
JJPe•rn
Upper Ward•
P M TMnt•r
Honornry Trs*8wer
The rths lo the fmarKial statwne
lles 1110 21 *>rm ￿ ofthese stthont•.
io

FRAMEWORK KNrrrERS COMPANY ALMSHOUSE CHARITIES
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2026
Accountlng polldes
Charlty infomiation
The Worshipful Company of Framthvork Knitters AlmslK)use Charit￿$ is govemed by ts
Constitution which 1$ a Scheme of the Charity c￿mIsS￿nerS datsd 12Th December 1972.
Basis of preparatlon
The princrgal accounting pofiaes adoptsd. judgemènts and key sour¢es of estimation uncertainty in
the preparation of the financial statements are as folllyws:
The chaiity constliutes a benefrt entty as defined by FRS 102.
The financKg1 ststements have boon prepw•d in accudanc• wilh Accounting and Reporting by
Charities.. Statgment of Recofflw￿nded Practice applicable to charities preparing their accounls in
Atcordance wth thè Finanoal Reportw)g Standard applicable in thè UK 2nd Rèpublic of Irèland
IFRS 102> (effective 1 January 2015) - (Charities SORP IFRS 1021). the Financial Reporting
Standard applicAblg in the UK arKI RewbliG of Ireland (FRS 102), the Chanties Act 2011 and UK
Genefalty Accepted kcountirfj Practi(*.
The financial 8tatements have departed fr(xn the Charit￿$ {Accounts and Report81 Regulation8
2008 only to th8 extent requyed to proV￿e a true arKI fair view. Thi$ departure has involved
following the Statement of Recommended Practice for charities applyiw FRS 102 rather than the
version of the Statement of Recommended Practice which is referred to in thé Règulations but
whith has since been wthdrawn.
The financial 8tatements are prepared in sterfing. v#hich is the functional currency of the charity.
Monetary amounts in thtse financial Statements are rounded to the nèarèst £.
These finanrial statement$ are prepared under the historical cost ¢onventK)n modif￿d to Include
the revaluation of freehold properti88 and to include inve8tff￿nts at fair value. The prin￿paI
accounting policies adopted are set out below. These policies have been (Xtynsistently applied to all
years presented unless otherwise stated.
Golng concem
Al the time of approvlng the financial statements, the trustee has a reasonable expectatlon that Ihe
charty has adequate resources to continue in operational existence frK the foreseeable future.
Thus the trustee continues to adopt the going c¢)ncem basis of accounting in preparing tho
financial statements.
1 A Charftable lund•
Unrestricted funds are avai&ble for use at the discretion of thè trustee in fUrt￿ranCe of thèir
charitable objectives unless the funds have been d8Signated for other purposes.
Designated funds are Unrestri￿ funds of the charity that the trustee has decided at their
discretion to set asKle for specific purposes. The aim arKI use of each des19r￿ted fund is set out in
the notes to the financial statements.
Restricted funds are funds vthich are to be used in accordance wth spe¢ff￿ restriclions imposed
by donor5 or which have been rarsed by the Charity for particular purpDses. The costs of
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in the notes to the financial statements.

FRAMEWORK KNrrrERS COMPANY ALMSHOUSE CHARITIES
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
YEAR ENDED 31 MARCH 2025
Accounting polici•s {continuod)
Income r•cognltlon
All income is recognised once the charity has entitSement lo the income, it is probable that the
income will be received and the amount of income receivable can be measured reliabty.
Donations are recogntsed when th8 Charity has received the income.
Interest on fvnds held on deposit is nduded when receivable and amount can be meosured
reliably by the charity. this is normally upon notificati￿ of the int8rest paid or payable by the bank.
Dividends ar8 recc4nised once the dividend has been declared and nolifKation has been received
of the dividend due. Thls Is nornalty UP￿ notifKation by our Stockbrokers of the financlal wgld of
the investment portf(￿109.
Income from charitable activities comprise mai)ly of maintenance contributions which ar8
rncognised when r•ceiv8blè.
1.6 Exp•ndltur• r•coqnhlon
All oxpendituro is account•d for on an accruals basis.
Liabilrties are ￿￿nISed as expenditure as soon as there is a legal or constructlve obllgation
commrtting the tharity to that expenditure. it Is pyobable thal setuement will be requlred and the
amount of the oblvJation can be measured rel13￿Y. AJI expenditwe 18 das8ed ag charitable
activities to further the dèlivery of the 0bJ￿tbVes of the charity.
1.7 Support costs
Support ¢ost8 are tho6e that a$$bt the work of the charity but do not direct￿ represent charftable
activities and include office costs and governaneA costs. They arè incurred directly in support of
expenditure in Iwio wilh the obi8Ctivès of the charity.
C08ts common lo both the WoryJhiplul Company of FramewY)rk Knrtters Corporate Fund and lo tho
Almshouse Charities are charged 113 to the COTp(xats FurKI and 21310 the Almshouse Charities.
Tanglbl• Ilxed ass•t•
Tawible ￿ed assets are measured at valuation. net of depreoation and any Irry>aiment losses.
No depreciation is probided in respect of freehold land.
No depr8cialion is provided C￿ the freehold woperty. The trustee consider that because the
fre&hold buildings are maintsined to rauth a high stsrKlard, the residual value at the end of the
eskn'mated useful life of the buildings y￿11 not be materially different to revalued amount.
Therefore, any èlement of depreciation is considered to be immaterial and consequèrfy no
provision 1$ made.
Minor maintenance and administratNe equipment Y￿th an estimated useful life of 10 years or less
is treated as an expense of the period in which li is purchased a￿1 this therefore eliminates the
requirement for a deFYeci*ion provision on such assets.
The charty previously adopted a pdicy of revaluing freehold propertios. charity has adopted
thè transition exemption under FRS 102 paragraph 35.10lcl and has elected to use the previous
revaluation 8$ deemed cost.

FRAMEWORK KNI￿ERs COMPANY ALMSHOUSE CHARITIES
NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED)
YEAR ENDED 31 MARCH 2025
Accounting policies Icontinued)
1.9 lmpalrn￿nt of fixed assets
At each reporting end date, the tharity rew*hs carrytng amounts of its tsngible assets to
d8temine whether there is any indicatiC￿ that those assets have suffered an impaimient loss. If
any such irKlication exists. the recoverable arrK)unt of the 8sset. ￿ the asset's cash generating
unit, is estimated and ￿MPared to the caryirvJ amount in order to delermine the extent of th&
impaiment loss (rf any). Wheve the carrying amounl exceeds Sts recoverab18 amount, an
impaimient loss is recognised in the Statement of Financial Activities (SOFA) unless the asset Is
carried at a revalued amount where the iMpain￿t Ioss 18 a rnvaluation decr8as8.
1.10 Fixed asset Inv•stm•nts
Fixed a66et investments for Ihe finanual year end to 31 March 2024 are stst8d al fair value as al
that date. All changes li value in the year, whether or nol realised, aré reported in the SOFA
The portfolio of investments is managed by Bre4vin Dolphin on a Discretionary ba81s.
1.11 Cash and cash •qulval•nts
Cash and cash equivalents indude cash in harKI. doposits held at call bank8 and other short-
tern Siquid iivestrnents with ￿l91n81 maturilie8 of three months or less.
1.12 Fln•Dclal in•trum•nts
Financlal instruments are reco9nised kn the thwity's balance sheet wthen the charity becom08
paty to the contractual prowsions of the InslNment.
Oabtor8 and cr8ditors wth no Ststad interest rats and roceivable ¢y payab￿ wlthln one year are
measured at transactN)n pricé. Any losses arisiryd from impaiment are recognl8ed In the SOFA.
Investments in equty instruments arè initially measured at fair value whSch is nomially the
transaction price excluding transaQion costs. Such assets are subsequently measured at fair value
and the changès in fair value arè r•c(Ydni8ed in the SOF& èxcept that investrnents in equty
instruments that are not Pu￿1c911Y traded and VA￿Se fair vAlues cannot l)e measured reliably arp
measured at cost less impaiment.
1.13 Corporatlon Tax
The charty Is exempt from tax on income and gains falliNJ within secti¢)n 505 of the Taxes Act
1988 or section 252 of the Taxation of chargeable Gains Act 1992 to the extent that these are
applied to its tharitable objectives
1.14 Employ•e benefit8
When employees have rerKler8d $8fWCe to the charily, shjrt-lemi employee benefits to which the
employees are entstled are reCogn￿d at the undiscounled amount expected to be paid in
exchange for that service.
The cost of any unused hO1￿JaY entitlement is re(￿nised in the p8riod in which the empl¢)yee's
services are receNed.
1.15 Retirement benefits
Payments to defined contribution retirement benefft schemes are charged as an expense as t
fall due.

FRAMEWORK KNirrERS COMPANY ALMSHOUSE CHARITIES
NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED)
YEAR ENDED 31 MARCH 2025
2 Crltical accountlNd estlmates and Judgements
In the application of the thaTiVs accounting policitis, th8 trustee is required to make judgements,
estimates and assumptions about the ca￿￿ng amount of assets and liabilitse$ that are not readily
apparent from other SC￿rces. The estimates and associated assumptions are based on hislorical
experience and other factors that aro cortsid￿ed to be relevanL AcbJal results may dtff8r fr￿7 thes8
estimates.
The eslimates and underfying assumptions afe reviewed on an ongoing basis. Revisfv)ns to
accounling eslimates are recognised Wi the p8ricxI in which the estrnate is revised where the revision
affects only Ihat peri¢)d, or in the penod of the revision and fvtLffe periods ￿ere the revislon affects
both current and future periods.
Key sourc￿ ol •stlmatlon unurtalnty
The estimate8 arKI assumpts.ons whith have a 8ionrfunt risk of cau￿￿ a material adjustment lo the
carrying amount of assets and Ilabilities are 88 I011(1￿.
Valuatlon of land and I￿lI￿n9*
The valualK)n of18nd and buildirYd8 has been assessed by tho trustees, eonsider that th¢ value in
use by the charty i8 consistent wth the value inclLK1ed in the a￿Ounts.
14

FRAMEWORK KNirrERS COMPANY ALMSHOUSE CHARITIES
NOTES TO THE FINANCIAL STATEMENTS {coMfiNUED)
YEAR ENDED 31 MARCH 2025
Donalions & Legacips
2024
Donatior
Cov8nant Irwn8
2055
'.For the year èndiNJ 31 March 2025, all incon% related to unrestricted Funds
3,036,
Ctiaritablo Fur
Cyclcal ￿nIen￿￿O FuThJ
Ethor¢Jinory F￿'r Fu￿1
35,275
12.513
14,943
5. kncon> Chwitable Arawiti
inbnancg Contrilx
WashiThJ ￿￿h1n8
158.944
123
164,205
For the Jtar ending 31 March 2025, all Incoffts related to unresiricted Funds
15

FRAMEWORK KNIThERS COMPANY ALMSHOUSE CHARITIES
NOTES TO THE FINANCIAL STATEMEKtS (CONTINUED)
YEAR ENDED 31 MARCH 2025
6. Exp￿dItur• on Charkablè PL1￿￿[2$
'¢gl*••v
Charitabl• C(sts
Waler Char9gS
Light and
Prcwty i*irs
i Tderthone: Pwg. PtlflirYJ & Slwwy
I Insur8nc8
Salari6s
' Assistant cferk's E¥￿Se8
' PB&dents' EritsitAr￿t
F￿￿1￿j Fee8
14,C631
55,3321
141
10,1141_
4140,
611
£110 126
2024
iSun(ty Cost*
c￿rkShip_EVn.8￿s
Acc￿nIgn￿$ Feg Crfnce C
SurKhy Ew
46iXI
1.7
136
Stocktr*oker Fees
Eyamlneilc¢) Fee
10,580
9,628
£10,716
4,4291
£11,092.
'Tot•l Ch¥llab￿ ktlvXl•s Inc suppo.rt
Iunrastrthd •XPff￿IlUr•
'.Restrlcted expeiid*ure
Icortjined totab
£171,772.
£n,265
£144,555,.
£20,3e*S,
£1
16

FRAMEWORK KNrrrERS COMPANY ALMSHOUSE CHARITIES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
YEAR ENDED 31 MARCH 2025
2024
Number
The average. nurthr of per￿n5
by trE Clwfity durirYA Ihe year
lCharitsb￿ AcbNits88
IG0￿m¥￿e Costs
,Salarie8
[ErrF￿￿erS, InsurarKe '
, EThFkners' C4y*ibL*on8
Tanglbl• Flx•d a•￿t9
Total
2026
Total
2024
Fre•hold land Ir￿ bulldlng•
D••m•d c¢#t
At 31 Mwch 2025
Fr••hold land and bulldlngs
Th8 charity has adopted transib'on exemplion urKler FRS 102 paragraph 35.10lcl and has
elected to measure certain freehold proFerties held at the dats of trarssitlon to FRS 102 at their fair
value and use these fair values as the deemed wst for Ihese properties.
Tho Charivs freehold land buildings comprise freeho￿ cottapei. Corah Hall aTrJ Cor8h House
at Oadby.
The Comparab￿ historic cost of the fr88hold prowrties that hav• h•n valued using the deemed
cost exemption at the date of transitN)n to FRS 102 is £50.OIX), baing Ihe amount the charity has
S￿nI on the propertle8.
Thè origin8118nd and buildirKJ8 grfted to the Charity and these, togelh8r with subsequènt
expenditure on imKYovements, h￿re previ(￿81Y v81ued at nil in the ch8riVs accounts. Fotlowwig the
2004105 rebuilding. the 18nd and buildings have valued and this value is included in the
account5 With subsequent add[t￿n3 at cost.
A revaluation was cOnd￿ted in May 2021 by Andrew Granger & Co ar￿ a valuation of £4,000.000
w85 reported.

FRAMEWORK KNirrERS COMPANY ALMSHOUSE CHARITIES
NOTES TO THE FINANCIAL STATEMEKrs (coKriNUED)
YEAR ENDED 31 MARCH 2025
Fixed Assel Inveslments
The investments ol the charity are managed by Brthvin Dolphin on a Discretinary basis.
The porttdio comprises blue ¢hip equ￿0$ and ¢dlectNes.
Investments arè invè8t8d at mad￿M risk This dècisK>n 1$ historical and the P￿lf0[10 has been
managed at medium risk lor a number of years. The decision vms made because many of
individual funds require an income and thè 0￿Y way to athieve that incom6 is at this level of tisk.
As the investments are invested in manner this means that the portfolio has medium to high
liquidity, there is no asset or hdi*ng that cannot be sdd at reasonabty short notice.
19. itst•d
Cosel
25
2025
2024
Ichadtsiib Fund
,E>tra0rd1￿ry PaFdr FLWWJ
'C cli¢al Wlntwwce FLD
AhEhws6 C￿lty Deeds of
.Donations Furxl
1,211,767.,
1, 166,077
192,943
155,985
202,4761
224,887,,
16Z671 ,
184:
'Tc*AI listed IrNp8trr
£1,643,347 £1.366,533
£41478
532:. £1410 011
£1,640,985
£1,552,879
In￿nt ca8h
£1,5
£1670 170
£1596 357
at
val￿81
3110312025
Vakn at
Fund Nam•
011W2024
3110312026
Charilable Furbj
£1186 077
£578,729
£1211787
raordina
Fu￿j
£192,943
£155.985
£37,874
144
C clical Vointmance Fmd
21,519
£179 752
Ben￿ent Fund
Tot41
£687,725
18

FRAMEWORK KNrrrERS COMPANY ALMSHOUSE CHARITIES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
YEAR ENDED 31 MARCH 2026
110. D*rtors
2024
()tt*r IT￿t(clI f*co￿￿k) I
Tradg Dèbbxs
1,022,,
1,041
367
11. Cash •n(l Bank BalwK
Currait Accou*4
caF Char_lty OeFf6t.i FLThIs
-Pety.C88h in
250.
259
£467 587
,iZ Cr•dil¢xs: Aftw)unts fa*'ry ¢kn within on• pr
Taxa11￿ and S￿181 xurlty
r Cre(Ilors
1,920
1,938
13
Flnlnelal InAtrum•nti
2026
2024
CaTrylng Amount of fiMKlal assets
Debt instruments measured at amortmd g)8t
Measured at fatr value Ihrough net ino)melexpendiure
1552,879
C•rrying •mourt of finaDeial li•bilbti•s
Mea8ured at amothed cost
In￿￿8 •nd •xp•ndllur•
Flnancial 886el8 measured at fairvalue Ilwh net inD)me I
expendriure
61,661
60.315
Ngt gains and losvs {inGlwlirvJ chang•s in lair valu•
84.213
Fln8ncial 888e18 measured at armrltsed ￿)St trade debtorn.
Flnanclal 886e18 measured al falr vdue li8ted 11%*6lrr￿j
Financial1obiliti88 Me8￿rnd at amortised c061 comwise trade creditorB and accnjals.
The ba8k8 offeirvalue for Itsted invesltronts is equfvalent to the marl(et wice.
main risk to the charity from financHI instruments I￿ in the C4mbinat￿n of uncertain investment
markets and vdalilty in yield.
19

FRAMEWORK KNirrERS COMPANY ALMSHOUSE CHARITIES
NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED)
YEAR ENDED 31 MARCH 2025
14
The Funds of the Charlty
F￿d Pkn•
B*1
UnNlr6•Y
B•l•n
BIF
C￿t￿4￿ Fthd
S274.384
31.>)3
17.8471
5.588}
5$.31
11.047
5.318.BJ5
70.197
D•th c4Cw•nl Fu
3)121 R*¥Jlld
2.011
Totsl Fun
11,047
4424m
De
That•d Fund*
exlWrfin￿
Ma￿￿C0 FLmd
10251
14.B4J
1.3351
5.475
11120
17,46
281,Sn
379.483
344.189
Totsl Oe•qn•ted Funth
Unr**ri¢tsd Fund•
IX.•7
pD,0001
knc
150.067
1e•.087
171.n2)
1Th.77
1,751
1.751
Totsl UnTh*l¢t•d FurK
Tot•1 F¥fid•
Fund8 Are u￿al￿ 8•t 88Kle annUp1￿ 88 w thè pre8c¥ibed Am8lv)w AB8oclallon rates for fLrture
Improvements. During the finanLy81 year it w88 Tr)t to transf￿ funds a6 ihe General Fund had
deficit. £20.Crf)O was transferred into Ihe General Fund frcffi the Extraordinary Fund.
Sp•clflc Funds
Ch•rfi•bl¢ Fund
This fund Compris￿ the Almsh￿￿ themsel￿, tokyther with the 8cwmulatlon of tran8lèr8 from tha
Accunwl8ted In¢ome Futxl ol don8tk)ns allocatad 08 bglng ts tho acqui811ion and improvement of the
Amknusts, and k* r•pre8ented by woptrrty, inve•lmtnts and nel vjrrenl assets.
Th• Alm$hous• Ch•rlty Dééds ofCovèn•nt *nd L>on*tlon$ Fund
This fvnd is used lo finance exFenditure chiefly in respect of actNitie$ organi6ed for the benefit of thè
r￿Idents of the AJm$hwses. 11 is financed by d￿811(￿. intere$t received on the Amshouse Charlty Dèed8
of Covenant and L%)nalion8 FuTrJ deposrt tox4￿t and wwestrnenl inc4ma. The lund Its repre8enled by
Inve8tments and nel current 888ets.
114
Extraordlnary R•p•lr Fund
The purFose ol thi8 lund 18 to wowde for eXtra(￿d￿ary repalr, imF*ovement or rebuilding reqUfjr￿ to the
Almshouses. As recy)mff*nded by The Akn$house Association, annual trar*fers are made lo the fund from
the knUrNFl81￿ IncorrE Fund of the Amshcwse Chorib'es, at rates pre8crikd by The Almshouse
A880cIa￿C￿. The fvnd18 repre8entsd by inve81mnts and bank a(¥>)unl8.
Cyclical Maintenanc• Fund
This furKI exists to ￿￿0VIde ft>r s¥Jniknnl neces58ry Fernd￿ repair8 and malntenanee to the Almshouse$.
Annual transfers are madè to Ihe fund from the ACt￿mUlated Income Fund of Il* Almshouse Chadtie8 at
The fund is repre8enled by Inve61menl8 and bank
accounts.
A¢eumul•ted Income Fund
Thi8 is the general fund of the charity, wimarity resp)n8￿)K? for the 8dminiBtration and upkeep of the
Almshjuses. It comprises the annual a￿Mulati(M of funds not SP￿￿fiCallY alocated to other purposes. and
is represented by net currenl ¥ssets.
20

FRAMEWORK KNirrERS COMPANY ALMSHOUSE CHARITIES
NOTES TO THE FINANCIAL STATEMENTS (coMfiNUED)
YEAR ENDED 31 MARCH 2025
15
Analysls of Net ass•ts Betwoon Funds
j 4.¢￿.(￿1 4,￿0,000,
410,S19.' 1,259,8211 1,670,170
166,1811
lcash & Bank
Current Uat41i1I8S
(2.¢)491' (20,7111 |
t Assets at 31st Ntrch 2￿
861 LW.. 5424 775
16
Tran$actSons wtth Tn￿1••
The trusta• received no fomi of remunerolion or expense8 during the year (2024.. £nill.
17
R•lat•d Party Traniaetiona
In8ur8nces 8re purchosed through E8Stlake & Beachell where Mr J Beachell. 8 past mastw. has
an interest in the company. Insurarte expense was £14,063 (2024: £10,114). Related parties have
slgned 8 document declariNJ any interests.
Further. bookkeeping swvices were secured from Corah and Corah Limited, a busin058 in whlch
Mr DP Cor8h has an interest. Th6 d￿rity wa$ invoiced for professional b¢)okkeepiNd services In
the sum of£6.833 (2024.. £8.660).
The total amount of uncondltb)nal donations recefved from related parties is as follow8.
2026
2024
Aggregate don8tit)ns
1,000
90.000
21

FRAMEWORK KNIThERS COMPANY ALMSHOUSE CHARITIES
APPENDIX TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
q. Trustees of The Worshlpful Company of Framework Knltters
inted
2010
2012
2023
Resl
ned
DP Corah
JJ Pears
PS Bonnett
Past Masters
MR Ellis
EP Fox
AH Jarvis
JG Ellis
IM Grund
SA Tumer
PR White
ME Green
TDW Miller
LJ Bentata
SH Woolfe
GAF Smith
GFC Tumer
HC Stevenson
SK Murra
2010
2013
2012
2017
2014
2009
2013
2012
2008
2008
2008
2007
2002
1996
1996
2025
2025
2025
2024
2024
2024
Asslstant8
P M Tranter
J Martin
MTra
nor
SJM Burrows
C Fuller
SJa
elman
E Stran
G. Dixon
2015
2019
2019
2020
2021
2021
2023
2024
22