Charity relllstraUon number 213461 (England and Wales) LANCASTER CHARITY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 '• xeinadin
LANCASTER CHARITY LEGALANDADMINISTRATIVE INFORMATION Trustees Mr R W Carradice Mrs S E Hodgson Councillor D O Brookes Councillor R Redfem Mr C Hanna Mr A Sandham Mrs P Bark8r CcAJncillor K Budden Ccuncillor P F Tynan crn¢1110r L Belther Cwncillor J Pritchard Ms N Combe harlty numberlEngland and Wales) 213461 Princlpal address Wlliam Penny's Regent Street Lancaster LA1 1SG Independent examiner T M Preece FCCA Dalton House 9 Dalton Square Lancaster Lancashire United Kingdom LA1 1WD
LANCASTER CHARITY CONTENTS Page TTUStees' report Independenl examinels report Statement of financ5al activities Balance sheet Notes to the financial statements 7-16
LANCASTER CHARITY TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The Iruslees present their annual report and financial statements for the year ended 31 De¢ember 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the finandal statements and comply with the charty's governing do¢umenl, the Charities Act 2011, FRS 102 'Tl7e Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "knounting and Reporting by Charities.. Statement of Recommended Practice appIlble lo charities preparing their accounts in aordanCe wth thfj Financial Repgrbng Standard applicable in the UK and Republi¢ of Ireland IFRS 1021" Objectives and activities Lancaster Charity is for the public benefit of the people of the City of Lancaster and provide5 aknshouse accommodation and pensions. Residents and pensioners musl be person5 In need either not less than 55 years of age or who are disabled by age, acadent or infimity from maintaining themselves and WIM) lep1 in speaal cases} have reside(l in the area for not less than three years. Public benarrt The trustees confimi that they have complied with the requirements of section 4 of the Charities kt 2011 to have due regard lo the public benefit guidance published by the Charty Commission for England and Wales. Achlevemgnts and pfjrfonnancg Significant acINAtS and achi8vement8 8g8inst objectiv8s Occupancy levels during the year have remained broadly consistent with th8 previous period, with vacanaes also following a similar pattem Efforts continue to rebuikl and maintain a strong waiting list lo ensu vacancies are filled promptly. The three Trustee Sub Committees-Finance. Property, and Policy & Personnewcontinue to work diligently and effedively. Their ong¢ing efforts have resulted in clearer governance, improved budgets'ng prlIce1 and more aUrate property management processes that benefit the Charty overall. Inv951ment market performance has shown encouraging Improvement during the year. 11 is hoped that steadier relums may contribute p0sVe1Y to the Charity's finanryal po&tion, over the next accounting period. The Finance Sub Committee's detailed review of the Weekly Maintenance Charge IWNC) has ¢onlinued. More aUrate tJdgeting and clearer cost allocation have enabled the ChaTily to progress towards finalisng an updat¢¢J WMC structure. 11 is expected that the revised c wll come into effect in 2026, onGe the review is complete and supporting work is fully concluded. Repairs and maintenanc remain a significant area of activity. The Charity continues to balan major works wlh routine maintenance. alongside efforts to expand the number of items placed on regular service eonlracts. The quinquennial inspections took place summer 2025. These w¢ll infomi property pfiorittes and are expected lo guide the implementation of key works during 2D26. Work on aligning all expenditure lo the correct budget headings has shown marked improvement, helping lo ensure transparency and better long term planning. Pnorilisation and urcing of funding for identified projects also continue. The Assistant lo the Almoner eontinues lo make meaningful wogress in resolving issues relating lo the energy accounts. Wlh the assistan and support of our Energy Management company, work 15 ongoing in the pursuit of accurate billing. 11 is hoped that this will finally conclude in the next accounting year. The ChaJity's smart meter project ha5 progressed well. with approximately 95% of inslallalions completed. Due trj more complex technical Issues, a sm811 number of oulslanding meter exchanges remain, whh the Charrty is actively worknng lo resolve. In general terms, the Charity remains fim)ty committed to its aims and objectives. This irKludes maintaining compliance wth legal requirements and strengthening policies and rxocedures. It Is a150 CL¥nmitted to training and development, and ensuring that Trustees, stsff, and residents are well supported. The Charity continues lo focus on delivering safe, secure, ancl sustainable housing and servieÉs fLV all residents, guided by prudent finanaal management and long terni stewardship of its assets.
LANCASTER CHARITY TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Flnancial review InvestnntpolNcY and otyertives Investments are held in accordance with the powers of the trustees. Investments held can be split into three categories.. endowmenL current and extraordinary repair fvnd. The endowment and current investments ale held to provide income lo enable the Charity to maintain housing property and pay pensions. The extraordinary repair fund Ss invested for capital growth only and is a reseThe lo enabk the charity lo cope with any large or unexpected repair Gosts. Res9$ policy The charity rnainlains sufficlent free reserves to enable them lo cover one yearfs fixed and admlnistralive expenses and also any maintenance rA)sts. Free serveS at the year end are £412,93912024 - £485,11n. Structure, govemancè and management Lancaster Charity is regulated by a scheme of the Charity Commissioners dated 6 January 1987. It is an amalgamati of almshouse and pension ¢harrties in Lancaster. The latest scheme combined six tharrtiets, but prevIc5 combinations precede this. The trustees who served during the year and up to the date of signalure of the financial statements were.. Mr R W Carradice Mrs S E Hodgson Councillor D O Brookes Councillor R Redfem Mr C Hanna MrA Sandham Mrs P Barker CouncAllor K Budden Rev L Vasey-saunders CouncAllor P F Tynan Councillor L Belcher Dame P Fielding CounGillor J Prilthard Ms N Combe (Regned 31 July 2025) (Relired 30April 20251 ReGniitment 8nd appcwntment oftmstees The charity is administered and run by the trustees, six of whom are appointed by LaaSter City Councd. The non Lancaster City Counal trustees are nominated by the eiisting trustees. Related partles Platten and Benson Almshouse Charity The charity has common Iruslees and management. but there are no transactions befven the ¢haribes. The trustees, report was approved by the Board ofTrustees. MrR Trusteè arraéice
LANCASTER CHARITY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LANCASTER CHARITY I report lo the Iru5tees on my examination of Ihe financial slalements of Lancaster Charity (the charityl for the year ended 31 December 2025. Responsibilitigs and basis of report As the trustees of the charity you are responsible for the preparation of the financial sla18ménts in x¢ordance with the requirements of the Charities Act 2011. I report in respe¢t of my examination of the Charty's finan¢ial stalem8nls carried OLrt under seCt)rt 145 of the Charilies Acl 2011 In carrying out my examination I have f(Alowed the Directtons given by the Charity Commission under section 14515llbl of the ChariliesAct 2011. Independent examiner's ststernent Since the tharty's gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2Q11. 1 confiryn that l am qualified lo undertake the examination because l am a member of theAssociation of Chartered Certified Accountants. whith is one of the listed bod*. Your attention is drawn lo the fact that the charty has prepared the financial slatements in accordan with the relevant version of the Ststèment of Recommended Practice applicable lo charities preparing their financial Slalernents in cordanCe wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference lo the Accounting and Rep¢)rting by Charib"e$'. Ststement ot Recommended Practicè issued on 1 April 2005 which is referred lo in the exianl regulations bul has now been withdrawn. l understand that this has been done in order for the financial statements lo provide a true and fair view in accordance wth UK Generally AcceptedAccnting Practice. I have completed my examination. I confim) that no matters have we to my attention in connectv)n with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charty as Tequired by section 130 of the ChariliesAct 2011. the financial ststements do not accord with those records., or the financial ststements do not comply wth the applicable requirement5 conceming the form and conlenl of financial $181ements sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial slalements give a Inje 8nd falr vlew, which is not a matter conside as part of an independent examinats'on. I have no con¢ems and have me a¢ros$ no other matters in connection wth the examination to which attention should be drawn in this r8FQrt in Order lo enable a proper understanding of the finarrial statements to be reached. f IM T M Preece FCCA Dalton House 9 Dalton Square Lancaster Lancashire LA1 1WD United Klngdo Dale..
LANCASTER CHARITY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025 Currgnt flnancl•l year Unrestrfctsd Endowment funds funds 2025 2026 Totsl Total 2025 2024 Notes Income and endowments from: Donalsons and legacies Charitsble a Provision ofAlmhouse accomodalion 607 607 440 285,164 285.164 267,089 Investments Olher income 17,667 750 17,667 750 18,741 Total Income 304,188 304,188 286,270 Exponditurg on: Provision ofAlmhouse accommodation 378,013 376,013 31 S,437 Total expendlture 376,013 376,013 315,437 Not gainsl(lossesl on investrnènts 12 (1,1401 {2,5441 13,6841 19,098 Net expendltur8 and movom8nt In funds 172,965) 12.544) (75,5091 {10.(E9) Reconclllation of funds: Fund balances at 1 January 2025 1,734,163 236,411 1,970,574 1,980.643 Fund balances at 31 December 2025 1,661,198 233.887 1,895,065 1,970,574 The statement of financial actwilies includes all gains and losses recognised in the year. All income and expenditure derive from conlinuing aclivilies.
LANCASTER CHARITY STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Prlor flnanclal year Unrestrlcted Endowmènt funds funds 2024 2024 Total 2024 Notes Income and endowments from: Donations and legacies Charitable activitie Provision ofAlmhouse accomodation 440 267,089 267.089 Investments 18,741 18,741 Totsl Income 286,270 286,270 Provision of Almhouse accommodatK)n 315.437 315.437 Net gainsl{lossesl on investments 12 13,316 5,782 19,098 Net In¢om•llexp8ndlture) and movomfrnt In funds {15,851) 5.782 {10,0691 Reeonclllatlon of funds: Fund balances at 1 January 2024 1,750,014 230.629 1,980,643 Fund bal•ncg8 at 31 Docembor 2024 1,734,163 236.411 1,970,574
LANCASTER CHARITY BALANCE SHEET AS AT31 DECEMBER 2025 2025 2024 Notes Flxed assets Tangible assels Investments 14 15 1,248,259 583,270 1,249.046 626,953 1.831,529 1.875,999 Current assets Debtors Cash at bank and in hand 16 5,054 100.088 105,000 105,142 109.364 Creditorn: amounts falling due within one yoar 17 {41,6061 114.789) Net current assets 63,536 94,575 Tt)tal assets less current Ilablllti 1.895,065 1.970,574 Thè funds of the charity End¢)wment funds Unrestricted fijnds 18 19 233,887 1.661.198 236,411 1.734,163 1.895.065 1.970,574 The financial slal8menls were approved by the trustees on... Mr Trustee Carradice
LANCASTER CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting policies Charity information Lancaster Charity 1$ a Charity rtsgislered in England and Wales. The registered charity number is 213461. The principal address is William Penny's, Regent Street, Lancaster, LA1 1SG. 1.1 Basis of preparatlon The financial $latemenl$ have been prepared in accordance wth the charity's govemirKJ document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicab in the UK and Reputjic ol Ireland" and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportin9 Standard applicable in the UK and Republic of Ireland IFRS 102)" The charity is a Public Benefit Enlty a5 defined by FRS 102. The Chanty has taken advantage of the provision$ irb the SORP for charities r¥)t to prepare a Statent of cash fflows. The financial statements have departed from the Charities {Accounts and Reports) Regulations 21)08 only lo the extent required to provide a true and fair view. This departure has involved folloTMng the Slalemenl of Rewmmended Practice for charities applying FRS 102 rather than the verslon of the Statement of Recommended Practice which is referred lo in the Regulations but which has since been withdrawn. The financial sla18monls are prepared in slerting, which is the functional currency of the charity. Monetary amounts in these financial slalements are rounded lo the nearest £. The financial $t8lements have been prepared under the histortcal cost convention, modified to Include the revaluation of freehold properties and to include financial instruments al fair value. The prinapal accounting policles adopted are sel out below. 1.2 Golng GonGgrn At the lime of approving the financial stslements, the trustee5 have a reasonable expectation that the charity has adequate resources to continue in operational existence for the fNeseeable fLbture. Thus the trnstees continue lo adopt the golng eoncem basis of accounting in preparing the financial ststements. 1.3 Charftable funds Unrestricted fvnds are available for use at the discretion of the Iwstees In furtherance of their charitable objedves. Restricted funds are subjeGt to specifiG Gondth-ons by donors or gTanlors as lo how they may be used. The purposes and uses of the restricted funds are s81 out in the notes to the finanaal statements. Endowment fvnds are subject to specific conditions by donors that the Capital musl be maintsined by the charity. 1.4 Income Income is recogniseQ when the charity is legally enlilled to il after any performance conditions have been met, the amounts can be measured lIablY, and il is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notEfied of the donats"on. unles5 performanrE condition5 require deferral of the amount. Income tsx ¢0¥er0bJe in relation to donations received under GiftAid or deeds ol covenant 1$ recognised at the lime of the donation. Legaeies are reeognised on receipt or otherwise rf th8 charity has been notlfied of an impending distributs'on. the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
LANCASTER CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Accountlng pollcies {Continued) 1.5 Expendlture Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third paty. it is probable that a transfer of economic beneffts will be required in settlement. and the amount of the obligation ¢an be measured reliably. Expenditure is ckssified by actwty. The costs of each aetNty are made up of the totsl of diwt ¢osl$ and shared costs. induding support costs involved in undertaking each activity. Direct costs attributable to a single activity afe allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which arè not attributsble to 8 slngle actNily are apportioned beeen thos¢ ad1vit$ on a basis nsistellt with the use of resources. Central stsff ¢o$l$ are allocated on thfr basis of time spent, and depreaation charges are allocal8d on the portion of the asset's use. 1.6 Tangible fixed assets Tangible fixed assets are inits'ally rneasured at cost and subsequenuy measured at cost or valuation, net of depreaalion and any impairment losses. Deprectatson is recogni8ed so as to wrrte off the cost or valuation of assets less the residual valLtes over their useful lives on the following bases.. Freehold larNI and buildin9S Fixtures and fittings Computer3 No depreciation 25% Reducing balance 25% Reducing balance The gain or loss ansing on the disposal of an asset is (ktermined as the difference btheen thè sale prtteeds and the carrying value of the asset. and is recognised in th8 statement of financial ackn"vits"es. 1.7 Flxed asset Investments Fixed asset investments are initially measured al transacliM price excluding transaction costs, and are SLtbsequently measured at fair value at each reporting dale Changes in fair value are recognised in net lncomellexpendrtuI for the year. Transath"on costs are expensed as incurred. 1.8 Flnanclal Instruments The charity has elected to apY the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its finanejal instnjments. Financial instruments are recognised in the charity's balance sheet when the charity becomes paty lo the contractual provisions of the instrument. Financial assels and liabilities a offset. wllh the net amounts presented in the finanaal slatemenls, when there is a legally enforceable righl to set off the recognised arn¢unt8 and there is an inlenbon to settle on a net basss Of to realise the asset and settle the liabilty simullan80Us1y. Basic financial assets Bas financial 8$sels, which indude debtors and cash and bank balances, are inllially measured at Iransaclion pnce induding transaction costs and are subsequenuy carried al amortise(I cost using the effectlve interest meth¢)d unless the arrangemenl ¢onstitute5 a finanang transacts'on, where the transaction is measured al the present value of the future reip1S discounted al a market rale of interest. Finanual assets classified as receivable within one year are not amortised.
LANCASTER CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Accountlng polkles {Continuedl Baslc flnanclal Ilabllftles Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured al the present value of the future payments discounted at a maikel rate of inler8St. Financial liabilibe$ classified as payable wrthin ¢XLe year are not amortised. Debt instruments are subsequently carried at amortised cos[ u8ing the effective interest rate method. Trade creditors are olligations lo pay for goods or services that have been acquired in the ordinary course of operab'ons from suppliers. Amounts payable are cla55rfied as current liabilities if payment is due within one year or less. If not, they are presented as non-¢urrenl liabiltties. Trade credrtors are recogni5ed initsally al transath'on price and sub8equenUy measured at amortised cost ung the effective interest rnethod. Derecognlthjn of flnanclal Ilabllltles Finaneial liabilrties a lecOgniSed when the chartys contractual obligations expire or are discharged or carKelled. 1.9 Employee benefits The cost of any unused holid8y enlillement is recognised in the per in vthich the employee's services are received. Termination bengfils are rgcognised imrnediately as an expense when the Larity is demonstrably eommitted to terminate the employment of an employee or lo provide lerniination benefits. rltlcal accountlng estlmates and ludgernents In the application of the charity's accounting policies. the trustees are Tequired to make judgements, estimates and assumptions about the carrying amount of a$sets and liabilities that are not readily apparent from other sources. The estsmales and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual result5 may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongryng basis. Revisions lo accounts.ng ests'mates are recognised in the period in which the estimate is revised where the revision affects ClY that period, in the period of the revision and future periods where the revision affects both current and future periods. InGome from donatlons and legacles Unrestrfctsd Unrèstrieted funds funds 2025 2024 Donations and gifts 607
LANCASTER CHARITY NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Income from charltable aclfvltl88 Unrestrl¢ted Unrestricted funds funds 2025 2024 Provision of Almhou5e accomodation Maintenance contributions utilities charge Rents and wayleaves Cold weather payments 262,167 22.475 265,817 500 1,270 285,164 267,089 Income from investments Unrestrlctod Unro5trictod funds funds 2025 2024 Fixed asset investment income 17,667 18,741 Other income Unrestrlcled UDrostricted funds funds 202S 2024 Compensation 750 10-
LANCASTER CHARITY NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Exwndlture on charftable actlvltle9 Provlslon of Provision of Almhouse Almhouse accommoda accommoda tlon tion 2025 2024 Direct costs Staff costs Rates and water Insuranc8 Light and heat Telephone IT software and consumables Repairs and maintenance Gardening Christmas party Extraordinary repairs Fire and safety checks 95.175 21,733 8,321 44,269 2,917 42 134.680 5,462 2,183 45.fy)0 4,*8 80,363 11,548 8,058 43,526 2,868 818 136,182 5,071 2,081 8,311 5,334 364,750 304.160 Shar9 of support and govomance costs lsee note 8} Support 11263 11,277 376,013 315.437 Analysls by fund Unrestricted fund5- general 376,013 315,437 Support costs allocatèd to a¢tivitles Provlslon of Almhou89 a0MM(at1 on 2025 Total 2024 Depreaation Post4e. travel and sundries Trade subscriptions Sundry Bank charges Governanc£ 787 2,595 1,141 1.347 3.180 806 471 572 4,901 6,146 11,263 11.277 11
LANCASTER CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Support Costs allocated to activiti88 Icontinuedl 2025 2024 Governance costs comprise: Accountancy Independent examination fee8 4,646 1,500 3,501 1,400 6,146 4,901 Net movement in funds 2025 2024 The movement in funds is Stated after chargingl{creditingl'. Fees payable for the independent examinatson of the charivs financial statements Depreciation of owned tangible fixed assèts 1,500 787 1,400 1,347 10 Trustees None of the trustees lor any persons connected with them) received any remuneratfr)n or benefits from the charity during the year. 11 Ernployee$ The average monlhty number of employees during the year was: 2025 Number 2024 Nurnber Charitable actIVe5 Support Total Employment costs 2025 2024 Wages and salaries 95,175 80,363 There were employees annual remuneration was more than £60.000. 12-
LANCASTER CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 12 Galns and losses on Investmonts Unrèstrictèd EndiMm#nt funds funds 2025 2026 Total Unr•strfcted Endowment funds funds 2024 2024 Totsl 2025 2024 Gainsl{10gsesl arfsing on.. Revaluation of investments Sale of inveslmenls 8,146 19,2861 12,5441 5,602 {9,2861 11.513 1,803 5.782 17,295 1,803 11,1401 {2,5441 (3,6841 13,316 5.782 19.098 13 Taxatlon Thè charty 1$ exempt from laxatson on its activities because all its irKome 1$ applied for charltable wrposes. 14 Tangible fixgd assets Freehold land HxluT8S and ComputerJ arml bulldlnos ffttjngg Total ost At 1 January 2025 1,245,000 2,265 1.781 1.249,046 At 31 De¢emter2025 1,245,000 2.265 1.781 1.249,046 Depreclatlon and Impalmient DepreGiation Gharged in the year 340 447 787 At 31 Decemker 2025 340 447 787 Carrylng amount Al 31 DeCemr 2025 1,245,000 1,925 1,334 1,248.259 At 31 Decemter 2024 1,245,000 2,265 1,781 1,249.046 13-
LANCASTER CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 15 Flxgd assat Inv8slJnents Listfjd Invgstmonts Cost or valuatlon At 1 January 2025 Valuation Changes Disposals 626,953 5.602 (49.285) At 31 December 2025 583.270 Carrying amount Al 31 December 2025 583,270 Al 31 December 2024 626,953 16 Debtord 2025 2024 Amounts falllng due wlthirt one year: Prepayments and accrued income 5,054 4.364 17 Creditors: amounts falllng due wlthln one year 2025 2024 Accruals and deferred income 41,8C6 14,789 18 Endowmentfunds Endowment funds represent assets which must be held permanently by the tharity. Income arising on the endowment funds can be used in accordance with the objec15 Of the charity and is included as unrestricted inme. Any capital gains or losses arising on th8 assets fomi part of the fvnd. At 1 January 2025 Galns and losses At31 Dècember 2025 Permanent endobwnents 236,411 12,5441 233,867 14-
LANCASTER CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED> FOR THE YEAR ENDED 31 DECEMBER 2025 18 Endov*Thent funds (Continued) Prèvious yèar: At 1 January 2024 Gains and losses At31 December 2024 Permanent endowments 230.629 5.782 236,411 19 Unrestricted funds The unrestricted funds of the ¢harity ¢omprise the unexpended balances of donth.ons and grants whith 8re not subject lo specific conditions by donors and grantors as to how they may be used. These indude designated funds which have been set aside out of unrestrictsd funds by the trustees 5peafic purposes. At 1 January 2025 Incomlng rosourcos Resources exponded G¥ins and At31 105505 Dgcember 202S DesvJnated General fvnds 46.751 1,687.412 7.668 {8.8081 54,419 1,6CE,779 304,188 {376,0131 1,734,163 304,188 {376,0131 11,1401 1,661,198 Pr•vious y8ar- At 1 January 2024 Incomlng Resources f)UrCeS expgnded Gains and losses At31 December 2024 Designated General funds 43.280 1.706.734 3.471 9,845 46,751 1.687,412 286,270 {315,437) 1.750.014 286,270 (315,437) 13,316 1,734,163 20 Anatysls of a$$ots between funds Unr8strict8d Endowm•nt fund8 funds 2025 2026 Total 2025 At 31 December 2026: Tangible assets Investments Current assetsl(liabililiesl 1.248,259 349,403 63,536 1,248,259 583,270 63,536 233,867 1.661,198 233.867 1,895.C65 15
LANCASTER CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 20 Analysis of net assets between funds IContlnued} Unrnstricted Endowment funds funds 2024 2024 Total 2024 At 31 December 2024: Tangible assets Investments Current asselsl{Ilabilrtiesl 1.249,046 390,542 94,575 1,249,046 826,953 94,575 236.411 1.734,163 236.411 1,970,574 21 Relatsd paty transactions There were no disclosable related paty transactions durlng the year12024- rne1. 16-