HARLEY'S ALMSHOUSES FINANCIAL STATEMENTS FOR THE YEAR FNDED 31 DECEMBER 2025 HARLEY'S ALMSHOUSES INDEX TO THE FINANCIAL STATEMENTS for the year ending 31 December 2025 Page Trustees Report Independent Examiners Report Receipts and Payments Account Balance Sheet Note to the FinaDci81 Statements HARLEY'S ALMSHOUSES TRUSTEES, REPORT ror the y￿r ending 31 December 2025 STRUCTURE, GOVERNANCE AND MANACEMEIYT Harley's Almshouses is a rharitable trust constituted by endowments made by Miss Frances Harley in 1832 and 1836 and rcgulatsd by a Charity Commission scheme approved on l* July 1972 and subsequently amended on I l February 1976 and 5 July 1979. TRUSTEES Trustees: Mr Michael Rylands Mrs Carol Joncs Mrs Pat Hope Mrs June Pugh- Tetired 25 June 2025 Rev David Wyatt Ms Deborah Clark Principal office: 3 Belmont Road Hay-on-wye Hereford HR3 5DA Ae¢ountaDts WJJamcs&Co Chartered Accountants Bishop House 10 Wheat Street Brecon Pomys Bankers Natwest Bank PLC 27 Thc High Street Brecon Charity number 213729 OWECTS OF CHARITY The Charity's putpose is to provide accommodation for poor women, not less than sixty y¢atE of age, who have previously resided for at least three years in Hay on Wye or the Su￿)undIng district. Th¢ Charity provides and maintain5 in VA g(M)d state of repair and decoration of the Almshouse accommodation for maximum of thirteen women. funded by the resid¢nts' w¢¢kly maintenance contributions and by invested funds. The Charity achieves ils principal objects and putyoses through the continued support of the Almshouses. These bencfits are directly related to the Charity's aims and are ￿llY ¢ompli&nt with Charity Commission guidance. ACTIvrriES AND ACHIEVEMENfS The Trustees continued tr) provide and maintain accommodatton for residents during the reporting period. HARLEY'S ALMSHOUSES TRUSTEES. REPORT (continued) ror the year ending 31 December 2025 PUBLIC BENEFIT In planning th¢ Charities activities for the 2025 year we kept in mind the Charity Commission's guidance on public benefit al our regular tsustees. meetings (executive committee). TRUSTEE POLICY Harley's Almshouses structure allows for up to eight Trustee5. They ar¢ wist¢d in the day-tcthy management of the Charity by a Clerk. Routinely, not less than a minimum of five fornlal Trustee meetings are held each year. one of which is an AGM. Additional meetings are held as nc¢¢ssary. Potential Trustee5. with the exception of an ex 0￿1clO Trustee aptx)intsd by The Church in Wales, are identified through recommendation by existing Trusfres invited to apply. New Trustees are appointsd following diwussion of the applications at meetings of 'lTUStees and by the majority vote olall Truste¢s. The ChaTity has a comprehensive Twstce Induction policy which includes a tour of the Ahnshouses in th¢ Company of the Chair, or another Trusle¢, and the Clerk. STATEMENT OF TRUSTEES. RESPONStBILTTIKS Th¢ trustees ar¢ ￿S￿nSIble for preparing the Tn￿ee$, Report and the finAn¢ial statements in accordance with applicable law and United Kingdom Accounting Standards (Unifrd Kingdom Genernlly Accepted Accounting PrdCtice}. The law applicable to chariti¢s in England and Wales requires the trustees to prepare fInan¢ial 5tat¢ments for each financial year which give a true and fair view of thc slate of affairs of the charity and of the incoming Teqourccs and application of resources of ihe Charity for that period. In preparing these financial statemcnts the trustees are required to-. select suitable a¢¢ounting policies and apply them consistently. observe the methods and principles in the Charities SORP 2019. m2ke judgeTnents and e*imates that are r¢asonable and prudent. state whether appli¢able accounting standards have been followed subject to any matsrial departu￿$ disclosed and explained in ihe financial ststements. prepare the financial statements on the going ¢onc¢rn basis unless it is inappropriate to presume that the ¢harity will conlinue in operation. The ttwtees are responsible for keeping a￿UntIng records that disclose with reasonable accuracy at any time the financial position uf the charity and enable them to ensure that the fmancial statements comply with the Charilies Act 2011, thc Charity (Accounts Reports} Regulations 2008 and the provisions ot. the trnst deed. They are also resEx)nsible for saf¢¥uarding the assets of the charity and hence for taking reasonabl¢ sfrps for the prevenlion and detection of fraud and other irregulariti¢s. Signed on behalf ofthe Trus¢ee8 Dated:...... 12.- g.x.24.: HARLEYS ALMSHOUSES INDEPENDENT Ex4mINE￿ REPORT to the Trusleu of HArley'8 Alm8house5 I report to the ¢harity trustees on my exalnination of th¢ a￿ount5 of the charity for th¢ y¢ar ¢nded 31 December 2025 which are set out on pages 4 and 5. Responsibilities and basis of rep)rt As the Charity's trustees you ar¢ r¢sponsibl¢ for the prq)aration of the accounts in accordan¢¢ with th¢ requirements of the Charities Act 2011 ('the Act,). I r¢port in respect of my CL￿ninatIon of the ¢harity's accounts carried out und¢r section 145 of th¢ Act and in earying out my examination I have followed all the applicable directions given by the Charity Commission under section 145<5)(b) of the Act. Indcpelldent examiner's 8tstement I have compl¢frd my examination. I confirni that no material matterg have come to my attention in connection with the examination giving me cause to believe that in any material respect.- a¢¢ounting records w¢r¢ not kept in respect of the charity as required by section 130 of the Act. or 2. the accounts do not accord with those records. or 3. the accounts do not comply with the applicable rquir¢mcnts concerning th¢ fomi and content of the accounts set out in the Charities (A￿oUnts and Reports) Regulations 2(K)8 other than any requirement that the accounts give a 'true and view, which is nol a matter considered &8 part of an independent cxamination. I have no concerns and havc come across no other matt￿S in connection with the examination lo which attention should be drawn in this report in order to enable & proper understanding of the aceounts to b¢ reached. K R Saunder5-Jo WJJames&Co Chartered Accountanl l O Wheat Sir¢et Brecon sc. FCA HARLEY'S AIMSHOUSES RECEIPTS AND PAYMF.wrs ACCOUNT ror the year ending 31 December 2025 Unrestricted 31 Dec 2025 31 Dec 2024 Funds Total TotAI Note COME R¢nt receivable Int¢r¢st receivable 27,557 1,075 27.557 1,075 28,033 931 TOTAL INCOME 28,632 28.632 28,964 EXPENDITURE Water Rates Gas and clectric Insurance Alarni systcm Repairs and maint¢nance Licences Accountancy fees Legal and professiollal fees Sundry Bank charges 2,798 464 21,730 1.293 1.145 14.137 419 660 1,182 276 12 2,798 464 21.730 1.293 1.145 14,137 419 660 1,182 276 12 4,188 28,099 1.253 1,145 6,785 407 1.050 887 202 TOTAL EXPENDITURE (44.116) (44,116) (44,017) Gainsl(loss) in investvnents 15.144 15.144 6,556 NET MOVEMEiYf IN FUNDS (340) (340) {8.497) Reconclliailon of funds: Total fund balances brought forward at l January 2025 125J84 125J84 133,881 Total fund balances carried forward ai 31 De¢¢mb¢r 2025 125,1144 12S.044 125J84 HARLEY'S ALMSHOUSES BALANCE SHEET as at 31 De¢¢mber 2025 2025 2024 Note FIXED ASSETS Investments 112.984 107,840 CURRENT ASSETS Debtors Bank accounts 4.367 l2,641 5.024 13,487 17.008 18,511 CREDrroRS: Amounls falling due WTthin one year (4.948) (967) NET CURREiYf ASSETS 12,060 k7,544 125.044 125J84 FUNDS Unrestricted ￿ndS 125,044 125,384 Appmved by the Trnstees on ....... and Si￿ed on their behalf by 11.: g::.lots.. HARLEY'S ALMSHOUSES NOTES TO THE FINANCIAL 8TATFMFNrs for the year tllded 31 Ikeember 2025 INVESTMENtS 2025 2024 M&G Charity Multi Asset 112,984 107.840 12.984 107.840 Movement in fixed &88et investments 2025 2024 Mark¢t value brought forward Transfer to Natwest Bank Net gain on revaluation 107,840 (10.000) 15,144 101.317 6.523 112.984 107.840 All investtnents are carried at their market value. Asset sales and purchase5 are re￿gnized at the date of trade at their tran$￿tIOn valu¢. 2. DEBTORS 2025 2024 Rent receivable Prepayments 524 3.843 5,024 4.367 5.024 3. CASH BALANCES 2025 2024 Natwest Bank NS & I- Colin Hill Memorial Fund NS & [- Cyclical Mainlenan¢e Fund 7,660 2,043 2,938 8,604 2,003 2,880 12,641 13,487 CREDITORS: AMOUNTS FALLING DUE WtTHtN ONE YEAR 2025 2024 Accrued expenses Defe￿¢d income 4,888 60 967 4,948 967 HARLEY'S ALMSHOUSES NOTES TO THE FINANCLiL STATEMENTS (Conlinued) for the year ended 31 December 2025 brought carried forward fornrd asa¢ Investment 31 Dee gains/(10sg) 2025 lJall 2025 Receipts Payments Tr¥dnsfer General Trund 12.661 28,534 (44.116) 10,000 7,079 NS&I- Cyclical Maintenance Fund NS&I- M¢morial Fund M&G- Extraordinary Repair Fund 107,840 2,880 58 2.938 2.003 40 2.043 (10,000) 15.144 112,984 125.384 28,632 (44,116) 15,144 125.044 6. TRUSTEES, REMUNERATION AND EXPENSES No remuneration directly or indirectly out of the funds of the charity wa8 paid or payable to any trusiee or to any person or persons known to be connected with any of them. 7. RELATED PARTY TRANSACTIONS There were no related paty transactions in the yeaT that require disclosure in these financial statements.