RUGBY FREE CHiIRCH HOMES FOR THE AGED REPORT OF THE TRUSTEE8 AND AUDITED FINANCIAL STATEMEpirJ FOR THE YEAR ENDED 31ST PAARCH 2025 Atkin8on Finch & Co Central Chambers 4547 Albert Street Rugby Wamckshn cir212SG , RUGBY FREE CHURCH HOIE8 FOR THE AGED CONTENTS OF THE FINANCIAL STATEMEP FOR THE YEAR ENDED 31ST MARCH 2025 Pag• Charlty Inlorniatlon 0ffl¢or• and Commlttm M•mb•rn R•port of th• Tru•tM• Report of th• Ind•p•nd•nt Audltorn Stat•Thnt ol Fln•nel•l ActJvltl•• 10 Balanc• Sh••t 12 Ca•h Flow Stst•m•nt 13 Not•• to th• Fln•n¢lal St•twn•nt• 14 Fln•nGlal Support 21 ' RUGBY FREE CHURCH HOMES FOR THE AIXD CHARrrY INFORPAATION FOR THE YEAR ENDED 318T IIARCH 2025 The Charity is governed by a Trust Deed dO￿l10th Oc*ober 1946 and Is Constitu￿ as an unincorFK*rated a5sociaknon. The Free Ghurch85 named in tho Deed are exh entthd to eleca thro8 People to serve on the Management Committee. The Churches are:. The Baptist Church. The ktsthodisl Church, The S8￿allon Amry. The Scciety of FrierKls and the Congregatthal Church (now incorporated ¥￿thin the United Refonned Church). REGISTERED OFFICE Bilton House 5 Bawnrnore Road Rugty Warwi¢k3hir 27QH REGISTERED CHARffY NUPIBER 214479 AUDrroR8 Atkn80n Finth & Co Chartefed knountants Central Chambgrn 4547 Albert Str*t Rugby VlaM¢kshire CV212SG BANKERS Uoyds Bank PIC 14 Chufch Street Rugty Vlarwick8hire CW213PL FINANCIAL ADVISERS Rathbone lnvo5tsT￿t Managernnt Unltad 159 New Bond Streel W1S 2UD Page 1 . RUGBY FREE CHURCH HOMES FOR THE AGED OFFICERS AND COMMITfEE MEMBERS FOR THE YEAR ENDED 31ST ￿RCH 2025 PRESIDENT {p)Si￿n currenty vacant) VICE PRESIDENT CHAIRMAN SECRETARY MrD TREASURER MrSRBird MANAGER Mi%8 S J Ashby CUSTODIAN TRUSTEE MANAGING TrUSTEES Revd R J Malorny MrSR&'rd Mr0￿￿$ Mr3 H Cox Mrn R Pugh Mr D Knight Mrn 8 Grrfths Mrs E Lamb•rt Mr¥ J Le*l8 rewned 16 0￿ber 2024 FRIENDS OF BILTON HOUSE Mr P Smilh Mr5 C Sjdkny Mrs E Mann MrSR8ffd Mr8 J Glan¥iM8 Chair￿re0rt wjned 30 Pknmbw 2024 Jned 30 N(wembor 2024 Mr J Reeve Mr3 C WS11iaff Mr8 C Hry•Mrd Mrs B Rose Mi66 S J A8hby resKJMd 30 Novembgr 2024 SENIOR MANAGEMEKr Mbs S J Ashby Mr5 S Vn8es Mrs T Bulier Mrs D co￿n80n A86i8tant ffonager Assistsnt rronager Seconded to Assistant mAnager , RUGBY FREE CHURCH HOIAE8 FOR THE AGED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 The Trnstees present their report with the Ilnan¢ial ststements ofthe charity {reg￿tered number 214479) for the year ended 31st March 2025. The Trustees have adopted the Fyovisions of P4xounlng and Reportlng by Charthes: Statemgnt of Recommend￿ PraC￿e appficable to cjwities preFWiry ther a￿urrtS in accordance the Financol Reporting Stsndard apfvbk in the UK and Re￿b￿ of IrelarKI (FRS 1(r2) effective 1 January 2019). OWECTIV&8 AND PUBLIC BENEFIT The charity Rugby Free Church Hom8s for Ihe Aged. Oth0Th￿ kntrwn as Bllton House was estsblished in 1946. by trust deed. Th15 trust deed estsblished the objects of the ch*lty as lo make provision for the weTrare, comfort, treatment and relief in sickness old wJ8 of agejj and po￿ per8Ms L￿on91￿j to, or ¢%nnect8d with, or reCom￿nded by, any of thè Free Churches of Rugby or its surroundlry distrtct namely the Baptist Church, The Congregational Church, The Methodist Church. The Salvation Amyl arKI The SOC￿ of Friends. and in par￿￿lar and for those purposes to provide and maintain hOn￿S for such aged arml for poor person8 at the 8ilton House prnmlse8 and any other whtch may from tlrn to b• acqiirnd by or on beh8Jf of tha eharty. The Trustees alm for 8*ton Hwse lo provkle a tx#vJ arwj c¢)mtstsble hm, *thln a Christlan ethos, ffttting each residenls social, phYS￿al arKI spirrtual needs, offerlng the high88t 8landar(Is of care. whoro each resident ha8 Ihe choico to Iwe as independenty as helshe is ablè, supp)rted ty tho kvel of care each one need8. A hlgh level 018taff enabl6s this aim. Staffing rallos exceed any rnmparable ho￿ V•ithln the ar•a. The Home and it8 furnlshings arKI fittings.18 well maintained through(x ReshJentSal are 581 lo rrRet th• need8 of ￿ Home wilh￿rt wofft. Re81dents with Fn8uIfiGlent funds or income to m8at the fee8 benefft from the Support of the care fund. They are 8UPPOrted at a basic knl by WaThvkkshire Soci81 Services and the CA￿ fvnd pays the d￿renc4 up to thfj fijll fe8. For year •nded 318t Ilarch 2025 £2,268 {2024- £6,248) was alkxatsd from the care fvnd for trA8 purpose. Charitable fvnds ralsed by the frlends provtdo free *KI oCtfvItI88 for our m8K4ents arKI also contribu towards other costs such as chiropJdy. The charity ts govemed by a Management Commlttae made up of methrs elected ty these churches, together with 8 number ofc(Fopted members, and this cor1￿1t18e lorrro b(Mty of Managing Trustees. Tha Official Custodlan for Chariti￿ cArries oui the fvnclmjn of provw t>J8todlw trusteej. Thare Is a s•parate comittee for the 8eleciM of rosldents. ond a Frnnds of Blton Hou80' committse whose alm is to improve I1￿60n wlth th8 churches to provido pasthl and Socid for the Tesidants and to publcl80 Bilton House. Al ol ofthe Managenwrt for the charity on a voluntary bas The Managem8nt Committoè enwoys 8 Care Manager, *An￿n[stratIOn Manager, thrg? Assistant Managers, Car• Staff, Catering Staff, Dormstic Staff, a Maintenance Engineer and a Cl8ric81 A88iStant to operats the Hom and car& for the residents. Senior Cwe Staff have been appointsd ty promotlon of exists'ng staff. The Cgre Manager 18 vesponsible to the Manwjement Committee forts oflhe Homv. The officern ot ts comnNtte8, the ChainrAn. the Secrntsry and tt* Tm8urer meet rngularfy wbth the Caro Manager and the Adrninistra￿n Manager to rmnitor re8ponsiblktles of thg Care Manager and the operation of the HOTh￿. to share, discuss and resofve short tenn whth rroy arise and to initiate fong tem) policy for di8cuss*)n by the Management Commrttee. STATEMENT OF TRUSTEES REsPONs￿￿￿Es The Managing Trustees a￿ responslble for prepar#vJ s￿em￿ for Ogch financial year in accordanco with applicable laws and United ￿ngdorn A(tounting Stand*ds (United ￿ngdr￿n Generaly A￿pted Accounting Practtcel. Chaty law requires the Managing Trltstses to prepare finarwl statern￿ eath year whith give a true and fair view of the state of affaits of the charity and of the inC￿lIng resources and applicalion offunds of the tharity for that peri(>J. In preparing these finanGial statements. the Managry Trvstees we required to.. Page 3 RUGBY FREE CHURCH HOMES FOR THE AGED REPORT OF THE TRUSTEES {contlnued) FOR THE YEAR ENDED 31ST MARCH 2025 STATEMEKf OF TRUSTEES RESPONSIBILmES...LonL . select suitabk a￿Unting Oicies and then ap￿ them . observe the meth(th and princip18s n the sppkAble Chalty SORP: . make judgments and estimatss that ￿ reas(￿able and PnKlent . prepare the financial statements on the gc¥ng ¢(￿￿￿n basB unless It Is inaplxowiate to presume that the charrty 11 continue in business. The Managing Trustees are responsibl8 for keesHng P￿p8r￿x)untIng records *thich disclose reasonable a￿uracY at any time the financial posits'on of the charity and to enablg tt) ensure that the financial statements compty blith the Ch￿1￿5 Th￿ are akn re¥￿nSI￿e for sateguarding the assets of the charity and han￿ ft)r taking rea80n8ble sL9ps for ts prevention and detth of fraud and cther Kreguiariti88. CHAIRMAN'8 REPOI The Christian Ethos of loave caring ￿ one another. n 7*r*ras arKY acTWlS fonT￿ the bedrock of Bilton House's approach to all aspects ol life Y￿h1n this corrfflunity. A wlde range of voluntary activities are offered to the residents almBd at ernbracing an holistc appn)8ch to ther vnll being. Chrislian Vthhlp, in various lom)s, 18 jed by a wide group of people {both ordained and lay) twico a vRek as described in mre detsll und8r Review ofP£tlvl￿eS. Staff and others are encouragèd to Spend tirrn talknng to resiclents based on a prirK¥le that we work in th8lr home rather than they live in our wotkplace. The Officefs in particuLqr ￿8h to thank the Free Churchos for thèir supp)rt to the HOTh and for providlng practical, pastoral and spritual care lor many of its residents. also Ilw)k all thc4e support th• Homg 8nd who glve thelr tlm8 and energy so willngty when wg ablè to do so. INe continue to make both physrcal thrall￿$ and de¢￿atrIO enhancements to areas of thls Home to onh8nce the Ilvlng nd working envlronmenL The heats'ng and hot watèr 8yStom in81aled the prevlou8 year has proved vary reliabkg in meetlng our needs and in reduced over811 fuel cd a Felluwship meeting hebj each Wednesday rrK)ming. Th08e are led by members of the ￿enthrrf ChUrd￿ and nwch appreGiatod by the re8idonts. Regular communion servtces are also held In the Horm ty the Mlnlsters oftr* Churche•. CHARITABLE BENEFIT The Trustees oro confident that esch resident benefits by havkng 811 ton H¢yJse a8 thelr home. We provlde the highest 18vel of cere. We meet eath resKlerfs Sociat. physKzI and Spiri￿81 n8&ts. Thore is no margin of profit to b8 pakj lor. Charitable fund8 ralsed by th8 friend8 provide fr8& outlngs and actsvitss for our re5id8nts and al80 contrlbute towards other costs such a8 chiroF&y. Subject to some constraints, eac* rosklent ha8 tho u)nfid8rK4 that rf their own funds become in8uffklent to meet ￿$[dents.81 fees there SUPPOrt from the care fvnd. FUTURE PLANS Future plans for Bilton HOU￿ ffKu8 on molntsining arKI Thwovb)g otsr hlgh Jtandard8 of care, ensurfng that we always achieve a raty'ng of at lea8t"G¢)od" ty CQC Inspecth and seek to b• recognksed a8 outstsrKllng. The carn rthd8 for 8 slgnificant number of our reBKl•nts Iw8 Inm*l tn r•cent yearn and we havo r•spond8d by Increasing our staffing ratio at"pe* perK)d8'. ￿ will oyilA)ue to explore way8 to address in¢rea8ing dep•nd•ancy Issue8 b8s•d on our thos of ¢)ffering pemw*nt resld•nts a Hom• for the rest of thelr Iff• where reagonabPy practlc81 to do 80. FUTURE RISKS Govemment Changes to employirrtnt legl8lath)n reBuK•J In a M￿rna88 in stsff (x>sts dudng tho yew which nec8s5itated a higher re8Klents rent Increase to offset the V4* are fortunats in that 8lmoBt all of our re$ldents are Bell fvnded (reducing Ihe risk of Local Authority underfunding) he￿g us to achie￿ our obiectsve loa a balartced budget each year without profiL wll contw)ue to seok to mibga* the risk further by oxpeth'ng Soclal Seprfice reBidents lo identtfy trp up Ir￿8 prvjr to perrronent residency. FINANCIAL YEAR The financkgl year njns ftom 1st hpril to 31st Marth. ￿kn￿￿kshITe County Council Sockal Sorrfitw mBke8 th• changes at the beglnniig ofAprl io payffents for the residents whom supp>rt knnual pay ri8e8 for staff at Blfton we made ft>r the beginning ofAprl arKI rwts ftjr rnSk*nts arn also revivwed and changed at this Jm8. RUGBY FREE CHURCH HOMES FOR THE AGED REPORT OF THE TRUSTEES (contlnued) FOR THE YEAR ENDED 31ST MARCH 2025 THE GENERAL FUND The general fund cover5 day to day actNTbes of runnhig th? Home, and the income is derived from the re$rd8nts' rents and investrnents together with donations and legacies. It is the current policy of the Trustees to set rental income, including Care Fund grants. to cover the bas￿ nJrfflwvJ costs. albhiThJ th8 remainder to be used for development and improvement of the fac1b￿8* GENERAL BANK BALANCE - RESERVES POLICY In order lo ensure that am bills arml charges are paid pronyty rt is poky to ffAintain tho general bank balance at a IT￿nimuM 015% of annual axpendiiure an average of *)ul 8% representing betw88n 2 % and 4 weeks wages arKI o)sts. THE CARE FUND The Trustee8 policy ha8 bgen to wAintain the value of thé knnd at mwket value (i.e. not to spend the capital of the fund). InGome generated by the fund is used firsly to provide financial support for any rosldent who does not qual for full support of residenti81 lees frm) Wb1￿ fvnds. and wfio has InsLrtlci8nt rnean8 personally and no famity or other financial backing, secondty to overdl supwt to ail residents in koeping r8nts to a minimurn wh1I8t provKling tho high881 I￿e1 of care possible wilhin the tinyts of th• funds available. THE CAPITAL RESERVE Thls represents the net book value of the building and other as80ts. Tr transfer ropresents tho cost of addFtkn8 to fixed assets less the depWati￿ charged. INVESTMENT POLICY The investtrthts, heks for In¥•stment purpose8 to h* subsldl8& f•os, are nwnaged by investmont broker8, Rathbone8 in their Core Inve8tm8nt Fund for chwit1￿. Tho ethical inv•strnent poliry for thts fund i8:.M* donl An￿•t directy in any conwany thal manLrfaciure8 lobaxo or tobacco products, or deriv8s ryK*re than IO% of118 8ab88 from gambling. high-lntsrast raie lendlng, porrKigraphy or from the manufacttjre of alcohol or amHm8nts" For 2024r25 the Incom•, wa8 £16.627 whlch is 2.7% of the capltsl at 31 Mwd) 2024. RISK A38E88MEpir System8 are in place to mitlgate rtsks a8 they are identifiod. Th& work at Billon Hou80 and the qualty of lifs of tho resId￿ti is de￿￿ent on the dedicaied work and good hurrvjur of the stsff and is 8nrlched by the 8er¥ice and irrterest of frièrKls, who gpie their tin￿. their presence and their money 80 genwwsty. My thanks to each and e¥wone of you who has been Invofved with Bilton Houso over the last year. ON BEHALF OF THE TRUSTEES: 5R& S R Bird- Trustee Revd R J mak￿ey- REPORT OF THE INDEPENDEKf AUDm)RS TO THE TRUSTEES OF RUGBY FREE CHURCH HOMES FOR THE AGED Oplnlon We have audited the finarKial statemerrts of Rugby Free Church Horres for the Ag&1 lthe'charity,) for the year ended 31st March 2025 which comwse the Statement of Financial knit*s, th8 Balance Shee( the Cash FlcAv Statement and notes to the )Inar￿la1 statemnts. induding a summary of srgnificant aco)untr'ng policies. Th8 financial reporting framework that has been applied in their preparat1￿ is applThLlo arKI Un6ted lfjnothxn Accounting Standards (Unlted Kngdom Generalky AcG8Pted knountiw Prth). In our opinlon the finawal Btaten*nts: gNe a true and fair view of the state olts charitrfs affairs as at 31st Marth 2025 arKI of its incoming res(W￿88 and applicatK)n of resources. for the year then onded", have been prop8rty prepared in accordance with United lfjngdom Genernlty A¢￿pted Accounting Pracli¢e' a￿1 have b*n prepared in aG￿rdance with Ihe requir8rMnts of the Chanti•s Act 2011. Ba•kn for oplnlon conducted our aurrrt in accordance wilh InternalK￿81 Slandards on Audibng (UK) (ISAS {UK)) and ap￿Scable law. Our responsibilitie8 under standarfs are ftrther dexribed in the Auditors r85ponsiblibes for the audit of the finandal st8temonts section ofour rnport ￿ are Indopendent ofthe ¢hanty kn accordance wth the 8th1￿1 requlrements that are relevant lo our audit ol the ffinanGi81 statements In the UK includ¥ig the FRC'S Ethlcal St8ndard, and wa have luffil￿d our other ethical re8ponsibilib.es in xwres tho financial ¥tat•m•nts Such as the Char6ti6s Act 2011 and the Chanties SORP {FRS102). In addltion. we consldered provisk)n8 of other laws and Togulallm that do not have a dlrect effect on tho financlal Statements bul complianc6 with which might bo fundan*ntsl to kn dwrTty'S abilty to OTHER RECOGNISED GAINS AND LOSSES ILo•sMVgaln8 on InvoStmenl •8Mts - Realised - Unreallsed NEf MOVEMEpif IN FUNDS {6.8281 50.866 1148.268) 1.673 143.4S9 12,54 (61,549) 84.415 BALANCE BROUGHT FORWARD BALANCE CARRIED FORWARD 75.253 218,712 564.539 567,044 1,495 827 2.135N19 2,283 707 2 135419 All ofthe above resulls are derrrfed from cont'nuiNJ aKI all bsses rwnised In th8 year arè tncluded above. The mtps fomi part ofthese fmanoal st*ments Page11 . RUGBY FREE CHURCH HOIAE8 FOR THE AGED BALANCE SHEET 31ST AIARCH 2025 2024 FIXED ASSErs Tangible assets Investrnents 184078 609,824 2,043,902 1.495,627 624,044 2,119,871 CURRENT ASSErs Debtors Cash at bank and in hand 63.843 226,198 114.212 CREDITORS Arrrt)unts falllng due within one year 10 98,464 NEf CURRENT A8SEfs1(LIABILITIES) 176 932 TOTAL NEf A88ET8 2 135419 CAprrAL FUND8 Capttal reservo 11 1834￿78 1,495.627 INCOME FUNDS Dosignated fvnds Genoral charltable fund 564,539 218 712 786,756 TOTAL FIINDS 219.834 2 135 419 APPROVED BY THE TRUSTEE8 AND SIGNED ON THEIR BEHALF BY: S R Bird- Trustee Revd R J MalDfW. Trustee Date.. Page 12 RUGBY FREE CHURCH HOMES FOR THE AGED CASH FLOW STATEME FOR THE YEAR ENDED 31ST IAARCH 2025 2025 2024 CASH FLOWS FROIA OPERATr4G ACTMTIE8 N•t Cash wovldod ty (u••d kn) op•rnllng actlvlll•8 188,640 C••h Ilow8 from Inv••llng adlvlll•s: Divid8nds and intsrest from investff*nts Purchase of propety, plant and equipmert Pmceeds from sale of investrrents Not ¢a•h provld•d by lu••d In) Invmung aetl¥lll•• 17,633 18,796 159,5411 17 15,914 Change in ¢8sh and Ixsh •quivAlents ffl the reporting per Cash and cash aquivalents al the Winning of the reportiry perul C•Ah •Trd cuh •qulval•nts at th• •nd d th• r•porUng wlod 176,629 (152.726) 203.295 226 198 RECONCILIATION OF NEf INCOME TO NET CA8H FLOW FROM OPERATING ACTivmES 2025 2024 N•t movonmnt kn fund• for th• rnportlng p•rkxl (•• p•r th• •t•t•m•nt of fln•nclal a¢tl¥ltl•• 84415 1148,2881 AdJu•tm•nts for. DeprecLgtion LossepJlgain81 on Inv•stmants Dividends and Interest from investrnents Ilncreaseydecrease in debtorn {Decrease)lincrea8e in credrtors N•t ctsh pvovld•d by op•rntlng •ctMd 61,549 14220 117,533) 35,793 61,549 (50,e86) (18,796} {27,616) 168.640 ANALYSIS OF CASH AND CA8H EQUNALENTS 2026 2024 Cash at bank ond in harKI Cash held in Inve8tsments Tot•1 u•h and ¢•sh aqulval•nts 226.173 20 60.544 25 50 569 Ptye 13 RUGBY FREE CHURCH HOMES FOR THE AGED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 ACCOUNTING POLICES Accountlng ¢onv•ntlon The accounts have been prepared under the histor￿ c£st cAJnvention as rrDJffied by th8 revaluation of frÈ8hold property and listed invesfftnts to market value, and have been prepared in aCcOrdar￿ with the CharIt￿S SORP ' N￿ounting and Rewrtirvj by Chariti8s: Statenwrt of Reccmmended Practice applicable to chantss prewng their accounts in aothance wtth the Financial ReportiNJ Standard applicable in the UK and Republic ol Ireland (FRS 1021 (effectrrfe 1 January 20151,, Fhancial Reporting Stsndard 102 The Financial Reporbng Standard applicable in the UK and RopubFL of Ireland and the Chariti05 2011. The charity constitutes a pjblk ben•ffl ￿ as defined ty FRS 101 SlgnllkantJudgom•nts and accounllng MthMtO• Thè Trustees consider that there are no material uncxrtalnties about the Ch8nty'8 abilty to continue 88 a gong concern. There are no signfficant judgemants that have a rnatsrial effect on the &counts nor any accounb'ng ests'mates that have a high ri8k ol causing a material *1wstii￿)t kn a fvture period. In¢om• IT￿ne has b•en tsken to the ryetht of ￿ Slaten￿￿ of fManc1￿ ath6ts8 on tre fDlknYing b881$: Donations andlegacleg Re8wJents fe88 Investrn8nt incom8 appeals ac FOR THE YEAR ENDED 31ST IAARCH 2025 AccouKfiNG POLICIES leontlnued) Pon•lon ¢o•ts and other pr￿t r•droment bon•fA8 The charty operates defined contrbution pension schewes. The assets ofth8 schemes are held separately fron those of the charty in in(Wdenty adn￿1$twed fuTrls. contrti￿ns payablo for th8 year are charged in the Statement of Financial A¢tiw'ties. D•8lgnat•d Fund• The cxynmitrnents and int￿ded use of the separale fvnds arn a6 (*sdosed in tr* Rèport of th8 Trustees. A transfer is made from the ca￿ Furrfl to the General F￿d lo covor finarKlal supwt for re8Klent8 do not qualify for full support from publk fur￿8. DONATIONS AND LEGACES RECEIVED 2025 2024 Donations.. Donations from th8 Churches.. Baplist Unrt8d Refomxd Church Society of F￿endS Paddox Methc (192,128) OTHER REGOGN18ED GAINS AND LOSSES - Reallsed (lo￿•$Y9a1TrS on InvMtm•nt a88•ts . Unrn•ll8•d1105•88ygakn• on Inv••bMnt aM•ts NET PAOVEMENT IN FUNDS (2,322) 17.233 {4.504} 33,433 (6.8261 50,686 {1W2.221) 45,941 (2,008) {148,2881 BALANCE BROUGHT FORWARD 267.474 518,598 1,497,635 2,283.707 BALANCE CARRIED FORWARD 75,253 564,539 1,495.627 2,135,419 Pago 17 RUGBY FREE CHURCH HOMES FOR THE AGED NOTES TO THE FINANCIAL STATEMENTS (conthu•d) FOR THE YEAR ENDED 31ST MARCH 2025 6 TANGIBLE FIXED ASSETS Fmhold FIX￿￿6 and prowty flttlng8 Totsl COST At 1st April W24 and at 31st March 2025 2382527 498.899 ￿28 DEPRECIATION At 1st April 2024 and at 31st March 2￿25 Chargo for the year At 31Bt March 2025 918M81 387,318 1.285,789 962 386.126 NET BOOK VALUE At 31 st March 2025 At 31st March 2024 1,496 627 Co•t or valuatlon at 31•t mA￿h 2025 l• 1•prn••￿ ty: At valuation on 31st December 1990 At e08t 750,OIXI 170,000 926.000 2,627 498 The co81 of the Ofiglnal propety ts not knry*n. The propety has not been Te-vak￿ wnce 1990, lThever. the Trustees are c¥)nlldent that tho ￿rrent valuo is In excess of the nel bcd( value. 7 INVESTMENTS 2025 2024 rkot valu• Openlng market value Additions DIsFosals at opening rnarket value 624044 630,037 56,659 624,044 573,378 (14220) 50,888 24 624 044 Unrealiged IloJsygaln on investn At 31st March 2025 hi8torfcal cost of the nivestmnt •KJ (exchjding cash) at th8 year end was £854,607 (2024 . £654,507), All tke Investrnents are held prlmarlty to pr(r4bde ￿ Invest￿ retym for th8 charlty. 2026 2024 1nveBtn￿ts at nwrket value Coryts￿.' Equitles shares- UK Investment trusts and unit trusts- UK 150 108 623,936 Page 18 .RUGBY FREE CHURCH HOMES FOR THE AGED NOTES TO THE FINANCIAL STATEMENTS Icontlnued) FOR THE YEAR ENDED 31ST MARCH 2026 8 DEBTORS: AMouKfs FALUNG DUE VIITHIN ONE YEAR 2026 2024 Rents due Income tax recoverable Prepayrnnts 14.664 999 51,355 1,508 27,850 9 CASH AT BANK 2026 2024 Lbyd8 Bank PIC- current accounts Held by knv8stThnt M￿agerS Cash in haTrJ 226,794 26 379 50,104 25 440 10 CREDITOR8: AMouKfs FALLING DUE ONE YEAR 2026 2024 Trade credltors Sockgl security and other taxe8 other creditors Lwerred incor 5,341 27,128 33,921 12,882 22.433 29,615 13.433 20,101 98,464 11.726 11 CAPITAL RESERVE 2026 2024 Balance at 1st April 2024 Transfgr (to)fftom General Fund Balance at 318t March 2025 IM95,627 1,497,635 2,008 1495 627 The caFtsI reserye repre￿ts tho net tx)ok valu• ofthe bu￿1 iry and Cl￿ts. Page 19 RUGBY FREE CHURCH HOME8 FOR THE AGED NOTES TO THE FINANCIAL STATEMENT8 {cryth￿dI FOR THE YEAR ENDED 31ST AIARCH 2025 12 ANALYSIS OF NET ASSEfs BETWEEN FUNDS Gonor•l fund C•rn fund Capltal Tol•l fund8 Tangible fixed assots Investrnents Current assets Current liabilitie8 At 31st Marth 2025 l M34,078 1,434.078 609,824 254.048 169,742 440m2 127.OB6 12V62 116 218,712 ￿ ￿079 19,834 Tangible f￿d assets Investments Cuffent assets Current liablltties Al 31st March 2024 1.495,627 1.495.627 624.044 114,212 98.464 2 135.419 73,401 1(K1,316 98,464 550,643 13,898 1495 627 The tssibilty. By L•gacy You can make a boquest in your WN, and your ScAicitor wlll be able to adviso you further. Many people See thls as a 8uftable memorial to provido for the ¢onknt and of ¢)thern. Memorial gits wlll b8 recorded in our'MerrxHlal Bc#*'. Our Treasurer wll be glad to advise you on the finan(ad aspects. Ptye 21