Charitynumber.. 215087 Parmiter's Almshouse and Pension Charity IA Charity goyemed by its Constitution. eharity number 2150871 Financial Statements and Trustees. Report for the year ended 31 March 2024
Parmiter's Almshouse and Pension Charity IA Charlty gov8med by Its constltutlon, ¢harlty number 2150871 Index to the Financial Statements for the ear ended 31 March 2024 P4ge Indox to th• Financlal Ststements Charlty InfomiatTron T1¢. Report Statement ol Tru8te88' Rospon8ibllitlo8 Independgnt Examinerfs R•port Statsm•nt of Flnan¢lal A¢tlvllles Statement of Flnancial POS0 Statgment of Cash Flows 10 AGGOuntins P•llGie• Not•s to the Aeeounts 12.15 Page 2
Parmiter's Almshouse and Pension Charity IA Charlty gov•rngd by Its constltutlon, ¢harlty numbor 2150871 Charity Information for thg oar endgd 31 Mah 2024 Charlty namg: Pam)Trts¢$ Almshovs$ and Panon Charty Charity registrdtlon number. 215087 Reglstered office: 6 Trul5 Farrn Buildings Tetbury Gloucestsrshire GL8 8SQ Operallon6 addres8: 6 TTUII Farrn BuildirrtJs Tetbury Glowesteyshire GL8 8SQ Trust••s who hèld offie• Pamiiterfs Alrnshou3e and Pension Charrty Limitéd Chairperson= Vlce chalr.. Treasurer.. Mr M Tyrr¢ll Mr M Ling Miss A Ambrose Independgnt Exarnln•r- Anthony Arnistrong FCA Amistrong & Co Chart8r8d Accountants & Statutory Authtor 4a Printing House Yard Hackney Road I nndnn F? 7PR Bank•r8: HSBC Bank PIC 2 Cheapside High Road Wo¢xl Green London N22 6HJ Page 3
Parmiter's Almshouse and Pension Charity IA Charity governed by Its Con$tUtIOn, charlty number 2150871 Trustees, Report for the year ended 31 March 2024 The Chair of Tru8t8es ol Parrnitefs Almshouse and Pension Charty ptaS8nt their 5tatMtory report together wth the financial statements for thè year ended 31 March 2024 which have been prepa in aceordanc8 wth Charity law and the provisions ol lh& Stslernent of Recommended Pra¢b¢e ISORPI- Accounting and Reporting by Charitses issued in 2015. REFERENCE AND ADAqINISTRATIVE INFORMATION The Charty is regulated by a Scheme ol the Charity Commissioners dated 13 March 1913. as arnended by a subsequent schernt dated 28 January 2008 with the registraU'on number 215087. On 28 January 2008, by wrtue of a Charty Commission scheme, the nèt assets of Bèthnal Green Philanthropic Pension Society (Charity Registration No. 2769451 wère merged wth those of the cnanty Vnder a uniting direction issued on 30 July 2CQ5, Parmiterfs Almshouse and Ponsion Charrty Limited Icompany registratson number 48622311, which was incorporated on 11 August 2003, was linked with the charity under Section 96151 of the charits.ts Act 1993. Th8 company will remain separate and legally distinct but is registered wth tha Charty Commission under the same charity registration number The company acts a5 COtpor2t8 trustee also owns and manages the Almshousès. Day-today management ol the almshouses was transferred to The Trust Partnership in October 2020, having pmOUs1Y been managed by Colne Housir@ Society Limited. Trugtses and direct¢rs The following serv8d as a trustee and director during thè yèar and sin¢8, ft>r which they reiVed no remuneration." Parmiterts Almshouse and P6nsion Charity Limited Cl•rk to thg Trust•e8 Ms Julia Linfoot Regi¥tered Office 6 Trull Farm BuildirKJs Tetbury Glovcgstershirè GL8 8SQ Structure, govemanc• and manao8ment The Charity is run by thè trustees with the day-to4ay administratson de19gated lo the Clerk to the Trustees. The Charity is 9ovemed by Arts'cles of Association and the Chanty Comlnission Scheme of 28 January 2008. The Articles of Association re reviewed and updated in June 2020, in line with the most rent Ctsmpani95 Act of 2006. The Charrty is a member ol the Almshouse Associth'on and the Housing Ombudsm8n Service. Whèn a trusteeldirector re5ignslretires, through their Trustee Recruitment ProUre the ramaining trustéesldire¢tor5 consider what new skillslareas of expertise need to be brought into the Charity Bearing this in mind, the trusteesldirectors then seek out new potenti81 tmstees, either frorn people who are personally known to them or through advertisernenL There have been no r6sionations or aDDointmènts of ttustè8s over the course of the vear. Rlsk manag?mont The major risks to which the Charity is exposed. as identified by the trustees, have been reviewed and Systems have been establisherl to rnitigate those risks. Extemal Sk$ to thg principal income ol the Charity are minimised by sprè8ding the investments of tha Charity. Internal risks are minimised by thè implèmantation of authorisation procedures lor all Projects and areas ol expenditure Management Accounts are reviewed at every meeting to ensu the Charity is finanaalty stable. The Risk Register is reMewèd by Trustees ?t every meeting and updatsd as wuiied. OBJECTS AND ACTIVITIES Th6 principal object and activity during the year. having regard lo the Charity Commission's general guidanctr on public benefit, is 71 apply the charity's incom8 lor th8 b8nefrt of the almspeople and nsIonerS of tha charity, baing local r&5id8nts who meet the criteria for appoinbnent as specified in thè Scheme. 21 provide Almshouse 8ccommodation for8 local resrdents who meet the cr?teri8 for appointrnent as sCIfied in the Sthemè. ACHIEVEMENTS AND PERFORMANCE The Charty onginally had Almshouses in Bethnal Gen which destioyéd by enemy acbon during the coursg 01 thè Sècond World War. Trustses hoped to build new Almshou3es in Bethnal Gen to p1a the ones lost and while they pursued various development projects, unfortunatèly it was ntst Possible to achieve this airn. Plan9 looked at 3 sites outsidè Of Bethnal Green the Company purch85ed 6 bungalows on a new developrnent in Gl8Cton on Sea, Essex in Septemberloctober 2010 and de51gnaled Pa9e 4
Parmiter's Almshouse and Pension Charity IA Charlty govern¢d by Its ¢onstbtutlon, ¢horfty number 215087} Trustees, Report for the year ended 31 March 2024 these as their new Almshouses. Thè Almshouses were purchased by means ofa transf8r ol fund5 from the Parmiterfs Almshousè & Ponsion Charity. The Trust Partnership now manages all aspects of repairs and m8intenance. including the relevant health aThJ safety checks and overseeing the welfar8 of th8 residants. The TIu5te8S CtsntlllU8 to r8gularly revièw their financial posity'on and in party'cular their invostments They havè invesbgaled opportunrties for the purchase of some additional Amshouse5, and con51d8red a partnership wth another 81mshouse chanty. but they have not yet found a suitable opts'on. They have currenuy decided to pause acquiring additional almshouses due to a concern about the affordability ol rising costs for maintaining and managing property., to rneet health and safety regubb'ons and their impact on the work the Chanty doe5 to support Pensioners in Bethnal Green and to tathle sooal isolation. Following the Covid-19 pandemic. the Trustees have re-commen1 30ry81 events for the pensioner benelKiaries in Bethnal Green and the annual visit lo the almshouse residents. Thè trustees have contsnued to consider appropriate measures to protect the pensioners attending events from Cowd The Iwice-yeady pension payments have continued to be distributed. Pensioners unable lo attend events re1ve a hamper ather at Christmas or Eid. The trustees keep the number of pansioners on the roll under rogular rewew and they are currently recruiting rn0 pensioners as nurnbais ha raduced. The advertisement has been circulated to a broad range of organisations and through Social m8dia to ensure all the communities in their area olbenefit a aware ol the Gharity and have thè opportunity tts make an application. Durfng the course of the year the Charity has set up an Extraordinary Repair5 Fund in ordèr to plan for expenditure on component replacements at the almshouses, eg boilers and window frarnes. Poli&es have baen reed and updated according to the ptannèd policy review schedule and plans are in place to review the Business Plgn. FINANCIAL REVIEW Results for th¢ year The results of the perlod and finanoal posltion ol th& thafity ar8 shown in the annexed financial statemènts. The Statement ol Financial ActiwtEs shows net income for the year of £48.196 and resoNes of £4,162,475. Tangible fixed a$8•ts for us• by th• eharlty. Fixed assets are $81 out in Notè 7 to thè accounts. R•B•rv•s Poll¢v At 31 March 2024. thè reservès of thè charity stood at £4,162.47512023'. £4.201.2791. Of those. £19,89312023". £19.6931 arè rmanent endowment funds and £1,564,18912023.' £1,657.7741 are restricted to particular purposes. This1eaves free reserves of£2,578,39312023'. £2,523,612). The majority of the free reserve$ are represented by assets hekl on investsnent. These provide the income necessary for th¢ charty to continue fvlfilling its obj'ecti. Thtr reserves policy of the charity is reviewed al each Trustaè meats.ng . Inveglment pollcy A major part ollhè Charity's rasarves are Invested. The trustees, investment policy is to ma1ntain a balanced portfolio beeen incom8 and capital growth. The funds are invested in the Charinco aNd Charishare funds operated by BlackRock Investrnent Management Ltd and in COIF Charities Property funds operated by CCLA. auarterly valuations of these investments are provM*ed by 81ackRock. The trustees Also invested In an Awva bond and recentty inv95t8d th8 profit from that bond into another product with AJ Bell., The performan of all their inveslrnents are rèvièw&J at èvery Trustee meeting The Truste8s have a written Investments R&5erve5 Policy which is r8M8wed annually. PUBLIC BENeFIT As 5tat8d abov6, the truste8s' main objectives are the provision of Mshouse accommodation, the prowsion of pensions and social events to tackle social isolation. These objectives sèrve the public benefit by the provision of low ¢05t Almshouse accommodation, prowsion ol pension3 that are paid twre a year an¢J at least four annual social events. which as many low inecdne elderly people in Bethnal Green can b8nefit from as circumstances allow. INDEPENDENT EXAMINER The Independent Exarnirer, Anthory Arrnslrong FCA of Amistrong & Co, has irMYicated his willlngne$s to be proposed lor T$- aPpntM•nt. Tha fiftancial ststements were approved by the Board of Trusl88s on 4 Dacember 2024 and signed on its behalf by.. Mr M Tyrr811 Chair of Trustees Page 5
Parmiter's Almshouse and Pension Charity IA Charity governed by Éts constitution, ¢harity number 2150871 Statement of Trustees. Responsibilities for the ear ended 31 March 2024 The trustees a spOnSible for prep8ring the Tw$tees Annual Report and the financial statements in accordance wth applicab law and United Kingdom Accounting Standard5 Iunited Kingdom GerallY Accepted Accounting Practice). The tru5te8s are required by law to prepare fy'nanaal statements lor each finanual period which give a true and fair view ol the financial aeb"Mties of the charity and of its financ4al position at the end of that penod. In preparing those financial statements the trustees are requirad to. al Select suitable accounting policies an(t apply thém consiSt8nUy.' bl Observe the methods and princ1ple5 In the Charth"es SORP., cl Make judgements and estimates that are reasonable and prudent., dl Follow applicable accounting standards and statement5 01 recornmended practs'ce, Subject to any material departures disclosed and axpl8ined in the a¢counts'. el Prepa the financial statements on the going concern basis unless it is inappropriate to assumè that thè charity wtll continue in operation. The trustees are sponSible for ma)ntaining PFoper accounb'ro records which disclose wth reasonabLe accuracy at any time the financial position of the charity and to enable tham to ènsura that tha financial 5taternents cornply with Charities Act 2011. Thay are also respon51ble for safeguarding the assets ol the charty and hence for taking reasonable steps for the prevention aThJ dat&ctic of fr8ud and other irregularitpes. Page 6
Parmiter's Almshouse and Penslon Charity IA Charlty govorned by Its constitution, charlty numbor 2150871 Independent Examiner's Report to the Trustees of Parmiter's Almshouse and Pension Chari I report on tF)è aecounts tsf Pamita¢s Almshouse and Pension Charity for the period from 1 April 2023 to 31 Marth 2(r24. which arè sèt out on pages 8 to 15. report Is made solely to the charitys trustees as a body in accordance with Section 145 of tha Chariltes Act 2011 (the Charits"es Act) and gUlationS made under Section 154 of that Act. My examination has been undertaken so that I mi9ht state to the charity's trustees those matters l am requirèd to Statè to thèm in an indÈpènd8nt èxaminefs report and for no olher purpose. To the lullest extent permittèd by law, I do not accept or assumo responsibilTrty to anyone other than the charivs trustees a5 a body, for my examination, for this port. tsr for the opinions I have formed. R•s¢t1¥e responsibiliti of tru$tee8 and exornlner As described on page 6. the trustees are responsib for the preparation of the aoU¢s. Thè charity's trustees consider that an audit is not required for this year urKYer Section 144 of the the charit5 Act 8nd that an independent examinat'on is ne8ded. Having satisfied myself that the charity is not subject to audit under charity law and is 0lKJibl$ for ind&pendent examination, it is my responsibility to.. 8} examinè the accounts under section 145 of the 2011 Act, b} to follow the proce(lures laNI ¢Jown in the general Directions gi¥tn by the Charity Commissian under section 145ISllbl of the 2011 Ac( and cl to stste whether particular matters have ¢om6 to my 8tt6ntion. Basls of Indendent ?¥amIneS $taterngnt My examination was carried out in accordance wth the general D1CtionS given by the Charity Commission. An examinatlon includes a revitrw ol thè accounting CordS kept by the charity and a cornparison of the accounts prèsèntèd with those cOrdS. It also include5 con51deratson of any unusual items or disclosures in the accounts. and seeking gxplanations from the trustees CanMing any such matters. The ProdreS undertaken do n(>t provida all the evidence that wouky be required in an audit. and consequently no opinitsft 15 giV8n as to whathèr tha accounts prosant a'true and fair vieW and the report Is lirnited to those matters tsct out in th¢ -tutornont bolow. Ind•pand•nt •xamlnorf8 Statsmont In connection wlh my examination. no rnaterial mattors h8vè comè to my att•ntion which gives me cause to believtr Ihat in. any material reSpt.. the accountsng records were not kept in accordance with section 130 of tht cttarit Act,. or the accounts did not accord with the accounttng records," or the accounts did not cornply with the applicable requirements conceming the forn) and content ol accounts set out in the Chanties IAccounts and Reports) Regulations 2008 other than any requirerngnt that Iha accournts give a'true and fairf view which is not a matter con5idefed as part ol an indepelldènt èxaminth"on. I have come across no other matters in connecb'on wrth the wmlngYon to which attention should be drawn in this raport in order to enable a proper understanding of thg aecounts to ba reached. ko4 6ko Anthony Armstr ng IDec 16, 2024 14..4 MTI Anthony Amistrong FGA. Ind•pond•nt Examlnor of Armstrong & Co Charte Acc un 4a Prfntlng House Yar(I Hackn8y Road London E2 7PR Dat•d: 4 Decembgr 2024 Pagè 7
Pamiiter's Almshouse and Pension Charity IA Charrty governed by its ¢onslitutlon, charity number 21S0871 Statement of Financial Activities for the ear ended 31 March 2024 2024 Total Funds 2023 Unréstrfthd Funds Rgstri¢tO Funds Endovnnent Fund Total Funds Not•s Incom? and endowm•nts from: Charitsble activities Invastsnents 43,053 43.053 77,215 36.293 74.228 77.215 Total Incorne 77.215 43,053 120,268 110,521 Expèndlture on: Charrtable actiwb.es 80,373 49.616 129,989 154,379 Totsl eXndItur• 80,373 49,616 129.989 154,379 Total incom• lèss •xp•ndlture 13,1581 16.5631 19,7211 143.8581 Nèt gain51llossesl on investment5 57.939 1221 57,917 1162.8681 N?t In¢omellexpenditur•l 54,781 16,5851 4e.196 {206,7261 other recognis•d galnslllossesl: G8inslllossesl on revaluation gf fixed asset5 87,CM)O 87,OC 423.700 Net movem•nt In funds Re¢on¢lliatlon of funds: Total funds brought forw8rd 12 2,523,612 1,657.774 19,893 4.201,279 3,984.305 Total fund8 ¢arrfgd forward 12 2,578,393 1.564.189 19.893 4,162,475 4,201,279 All incoming resouTCg5 and resr expended s denved from onlinuing actiitEs. Thèro are Do gains and1055e5 Other than those noted above and therefore no separate statement ol total racognisad gains and losse5 has been prepared. The accompanying accounting polioes and notas fom an integral p8rt of these financkql statements. Page 8
Parmiter's Almshouse and Pension Charity IA Charty governed by Its eonstitutlon, charity numbèr 2150871 Statement of Financial Postion as at 31 March 2024 31 March 2024 31 March 2023 Not•s Flxod assot8-. Tangible assets Invèstm6nts 1,268,686 2,784.970 1.388,793 2,661,523 Total fix¢d a88ets Curr•nt a88Qt8: Debtors Cash 81 bank and In hand Total eurr•nt assets 2.963 118424 2.566 160.223 10 Credltors.. amounts fallin9 due withtn ong year 10 12,548 11.826 N•t curyent a8setsllllabllltlesl 108,839 150.963 Total net assèts 4,162,475 4,201,279 Tho fund5 of tho ¢har5ty- Endowment funds Restricte¢Y Income funds UnstrICted funds 19,893 1,564,189 2,578,393 19.893 1.657.774 2.523.612 14 1$ Total charlty fund¥ 16 4.162,475 4,201,279 The financial ststsments were approv•d by th• Board ol Trustse8 on 4 Decembgr 2024 and ¥lgned on Its bèhalf by: Mr M Tyrrell ir Of Trusi•és The not85 on pages 11 ro 15 form part gf these Page 9
Parmiter's Almshouse and Pension Charity IA Charity gov8rn*d by Its Constitution, charity number 2150871 ststement of Cash Flows for the ear ended 31 March 2024 2024 2023 Cash Ilows from op¢rating activitie$= Net cash provKled byllused inl operating 8clivib.es 53,484 83,946 Cash Ilows from investlng ?ctivitie8: Dividend5, intergst and rents from invastmènts Proceeds trom sale ol investrnents Purchase of investrn8nts 77,215 60.000 1125,5301 74,228 Net cash provided byl{u$ed Investlng actlvltles Change In Cash and cash equivalents rn the reportin9 period Cash and cash •qu5valents at the beglnnlng of thè reportlng p•rfod Cash and cash oqulvalent8 at the ond of the reporting riod 141,7991 160.223 11B,424 19,7181 189.941 160,223 otes to the Cash Flow Stat•m•nt 2024 2023 11 Reconciliation of net Ineom•lloxp•nditur•l to n•t eash flow from 0rating actJvltl85 Net Incoméllexpanditurèl for the ports"n9 period las p¢r tha statement of financial activits-8s1 48.1 1206,7261 Adju$thienTs Tor: Depreciation charges IGainslllosses on investments Dsvidend5, Intèiast and ronis from Invèstments Ilncreaselldecrease in debtors Increaselld8creasel In creditors 33.127 157,9171 177,2151 13971 722 24,586 162,868 174,2281 9.349 207 Net eash pro¥lded byllu8ed inl operating a¢ti¥i¢ies 153,4841 183,9461 2024 2023 21 Analy¥i$ of cash and cash •4ulval•nts Cash in hand 118,424 160,223 Total ¢a$h and ¢48h equivalents 118,424 160,223 Page 10
Parmiter's Almshouse and Pension Charity IA Charlty govgrn?d by its cOnstU0n. charlty number 2160871 Accounting Policies for the ear ended 31 March 2024 Basis of preparatio The finanual statements have been prepared in accordance with.. al Applicable UK accountsng standards, including Finanaal Reporb'ng Stsndard 102 'The Finana81 R8porbng Standard applicable in the UK and Republic ol Ireland IFRS 1021. bl Accounting and Reporting by Chants"es.' Statement ol Recommended pract. applicable to ¢hairties prèpanno their accounts in attOrdan with the Finala1 Reporting Standard 8ppItrcab in the UK and Rapublic ol Ireland IFRS 1021 {effective l January 20151- Icharities SORP FRS 1021.. cl the charits Act 2011. Publlc bèn•flt •ntity The charity meets the definition of a public benefit entity under FRS 102. Going concern The charity's income is mainly derived from sell-generated sources. such as rental incorne. invèstmènt income ete. The trustees consider that there are no material uncertainties about the dernand for. and thè charitys ability to continue lo Provide, these servKes, and a¢cordin9ly. the accounts hav8 been prepared on a going CLJncern basis. Income rncognllion Voluntary Income reiVed by way of donations and gifts is included in full when received. Income from investments. tal income and other sources are included when receivablè Expènditurn r•cognltlon Expenditure is accrued as soon a5 a liabilty is con8ider£d probabl&, and the amount of obligats'on Can tE rneasured reliably. Longèrtèm) Iiabilltiès ar6 discount6d to present value. The charity is not registered lor VAT and accordingly expenditure includes VAT where apwopriate. Endowment funds Endowment fvnds ar? restrictèd funds whieh arè caprtal in nature. Pamianent endowments existwh8r8 there is no power tg convert the capital Into income. The funds can reduce bthere there are decreases in valuè. ather by losses or dtrprèciation, ol assets represented by the fvnds. Restrlctsd Funds Restricted funds are to be used for specified purposes as Liid down by the lund?r. Direct and support expenditure which meets these critsria are idents'fied to the ftjnd together with a fair allocathon of other costs. UnroStrl¢t•d Funds Unrestricted fund5 arg lullds rstsivéd which hava no restrictions placed on their use and are availabltr a5 general funds. Tanglble Flxed Assets The properties 8re used for the prowsion ol eharitabk services by the charity and as such arè acLounted for as Taroible Fixed Assets, subject to deprecAation over their expected u5aful livag. These tangible fixed assets consist of th* cost ol acquiring. in 2010, six almshouses at Clacton at a total cost. including professional fees, of £892,296. Depreciation is charged in order to write off th• asset on a straKJht lino basis over rts economic useful lifa, which 1$ Èstimated to bè 50 ye8r5. The properUe$ ao lat out by tha chaiity to provido saNfices to its beneficiaries and th8refore accounted forwthin tangible fixed assets Investfflonts Invèstm&nts are shown in the balance sheet at closing market value. Surpluses or deficAts on valuats'on are crèdited or charged to the ststement ol financial 8ctiWt5 Page11
Parmiterfs Alrnshouse and Pension Charity IA Charity governerj by its constitution, charity number 2150871 Notes to the Accounts for the ear ended 31 March 2024 1 Incoming r•sourees The incorning resou$ and surplus are attn'butable to the prinopal activib.ès of the charity 2 Net outgolng resour¢e Net outgoftng resourG85 arg statad aftOr¢harng.' Independent Examinèr's fees- reporting sorvicè Depieciation- owned assets 2024 2023 3,120 33.127 3.120 24.586 Truste•s' emoluments Emolurnents include salaries. fees, bonuses, expense allowances and eth"m8ted non-cash benefits receivabie. tru$te&s $erve in a voluntary capacity and do not receive payrnent lor their setvices. 2024 Total 2023 Ttstsl 3 In¢omg from eharltable activltJg8 Unr08trlet•d Ra$tri¢tgd Almshouse maintenance contributions from residents 43,053 43,053 36,293 2024 Total 2023 Total 4 Ineom• from Invgstrnènts Unrestrlctsd R•strlet•d Diwdénd income on managed funds Interest re(ivod 76,679 536 76,679 536 73,832 396 2024 Totsl 2023 Totsl S Expenditur• on eharftabb9 actlvltl•6 Unr•¥trl¢t•d Re8trfcted Alms and pension allowance Soeial 8ctswties Management of8lrnshouses Leg81 an¢Y professional fegs Sundry expenses DeprgGiation charge for the year Administration c05t Indendent axaminerfs lees 14.7 25.271 14,700 25,271 15,289 37,362 181 33.127 939 19,200 52,811 18.208 34,896 135 24,586 1.423 15,289 37,362 181 33,127 939 1.200 6 Staff ¢gsts 2024 2023 No mUneraan was paid to any Trustee ortheir assoat#5 lor 58rvice8 88 a trustee during the year endsd 31 March 2024 nor to 31 March 2023. Employees paid in èxcess of £60,OCK) during the current year and prevK)us year.. None None Pag8 12
Parmiter's Almshouse and Pension Charity IA Charlty govemgd by its constitution, charity number 2150871 Notes to the Accounts for the ear ended 31 March 2024 Land & buildings 7 Tanglble fixèd assets TotsS Cost As at 1 April 2023 Revaluations 1.653,WO 187,0001 1,653.000 187.0001 As at 31 March 2024 D•pr•tr.latlt)n As at 1 April 2023 Charge for the year 264,2Q7 33,127 264.207 33,127 As at 31 March 2024 Net book value As at 31 March 2024 1,268,666 1,268.686 As at 31 March 2023 1.388,793 1,388,793 B Investments 2024 2023 Market valu• As at 1 April 2023 Adon$ Disposals Rèvaluations 2,681,523 125.530 ISO,OLKI 57,917 2.824,392 1162.8691 As at 31 March 2024 Market Value 2024 2023 Cost Oetsil¥ of invgstmgnts Unlts 2024 2023 S¢[01 Rang? BLK Charities UK Equity Fund A In BLK Charities UK Bond Fund A Inc 174.858.708 88.328.433 1,275.448 128,677 1,239.231 194,683 438.996 186,882 438,996 278.513 G•n•ral Fund 8LK Charities UK Equity Fund A Inc 8LK Charities UK Bond Fund A Inc Idows FurKI BLK Charitses UK Bond Fund A Inc 1.455.475 332.409 10,616 10,315 492 2,160 581 2.160 581 743.74 1.083 1,100 1,150 1,150 School & Alm8house 8LK Charities UK Bond Fund A Inc 378.07 548 441.940 556 465,976 614,170 133,461 657 657 455,000 COIF Charttits Property lund - ineome units AvlvJ Bond¥ 426.953.75 455,000 soo,000 148.500 125,529 1.959,455 673.644 148,925 132,089 2.813,455 600,000 148,500 AJ Bèll lftvosts•ntrè Charlty Account Transact Invetments 103.251.99 2 659.985 1.925.558 B•quost Fund$ IRo8trl¢ted Fund81 C E Fox'8 Bgque$t BLK Charities UK Bond Fund A Ine 103.34 151 153 162 162 T H Rlppon's Bequesl BLK Chariiies UK Bond Fund A Inc 134.02 195 198 209 209 J Kegvg'¥ BgqUOSt BLK Chanties UK Bond Fund A Inc 299.69 437 443 468 468 Queen Adokaudfr R H BLK charits.ès UK Bond Fund A Inc 503.25 733 744 786 786 1,516 1,539 2,e61,523 TOTAL 2,814,970 1,961,080 1.927,183 Page13
Parmiter's Almshouse and Pension Charity IA Charity governed by its constitution, charity number 2150871 Notes to the Accounts for thè ear ended 31 March 2024 9 Debtors.. amounts falllng due thIn one ygar 2024 2023 Residents weekty maintenance contributions paid in arr8aTs Prepayments 2,C63 9)0 1,841 725 10 Crodltors: amounts falllng duè wlthln on• ar 2024 2023 Operating ¢reditor5 AccNals & deferred incom& 9,427 3.121 8,706 3,120 11 Endowmgnt funds 2024 2023 Allwed Ewin Trusl Bèthnal Green P8rrniterf3 Eslale Charity Bathnal Graen Old Peoples Trust Fund 1.809 944 1,809 944 17,140 19,893 19,893 Awr Ewln Tru¥t Bothnal Grgen The capital was transferred by Charity Commission to be administered by the charity. The incorne generated frorn this fund can be used to fvrther the objects ol the charity. This fund represents the capital ol this fomer charty which was wound up In 2000 The capilal must be kept intact and the income arisirtrg from it can be spent on tha gèn8r81 purpose5 of the charity This trust was set up aftor th6 war by the late Albart Jacob to make $mall grants to old pgopte Pann1t05 Est&ts Charjty Bothnal Greon Old PP1•s Trust Fund in Bcthnal Cretsn ènd to th¢m ofTr outsnga. 12 The fund8 Of thè eharity.. ¢UTrgnt year Openlng Resources balan¢• arf61ng Resources 11&ed Othor mov•mnts Clo*ing balancè Restricted fun EndowTnent funds Restncted Incorne funds Totalrestricted fvnds 19.893 1,657.774 19,8g3 1.564,189 43.053 149.6371 187.0001 General fttnds 2,523,612 77,215 180.3731 57,939 2,578,393 13 Th• funds olthe charlty: prlor #r Op8nlng balanc• Re8ource8 utIIIs8d Other movgments Closlng balanc? arlslng RestrFct8dfunds Endowment fvnd5 Restricted income funds Totalrestricted f(Jnds 19,893 1,242,033 1.261.926 19.893 1.657.774 1,677,$67 36.293 144,2521 44,252 423.700 423,700 Gèneral lunds 2.722.379 3,984.305 74.228 110,521 1110,3851 1154.6371 162,6101 261.090 2,523,812 4,201,279 Opening balaneg Incomlng ReSoue$ ¢XPgndgd Transfers & galns111088e81 Closing balanc& 14 RoStrlct•d lund8'. Gurr•nt p•rlod Bequest funds Pam)iters' Almshouse an¢J Pension Charty Limited 1.538 1,656.236 22 49,616 1.516 1,562,673 43,053 187,0001 Page 14
Parmiter's Almshouse and Pension Charity IA Charlty governed by Its eonstslution, charity numbèr 2150871 Notes to the Accounts for the ear ended 31 March 2024 Oponlng balan¢• Incornlng Resourc08 Tron¥f?rs & lour$ èxpendod galnslllos$o8} Clo¥lng balancè q6 R•8trtcted funds: prlor rfod Bequèst funds Pamiiters, Alrnshousts and Ptrn$ion Charity Lirnrt¥d 1,796 1.240.238 258 43.994 1,538 1,656,236 36.293 423,700 R•strlcted fvnd$ l¢ontlnuodl Projects finan¢8d by restricted furK15 are SUFVOrted by unrastricted funding where n$Ssary. This occurs where the fvnding 15 in arrears or the Inence or expenaiiure on me proiea occur5 ¢isproportionafely at tne beglnnlng of the Pr4E Q)tnparett 10 Ihe income flows Vvhere restiicted projects end the y8ar with a defiLyt, this Is met by after yearnd restricted income or transfers from nrestricted fund5. Bequest funds The bequest fijnds are Lwuest8 to be spent on $cIfiC Purposes. Details ofthe fvnds a disclosed in Note 9. During the year the investment funds dgcreased in valuo by £22. Under the uniting d1ctiOn issued by the Charity Commission, Partnit8rts Am5htsusè and Pension Charity Limited was linked with thè ¢harty and its nèt assets and incoming and outgryn9 resources have been separately Included as 8 restricted fund. Pamiiters, Almshouse and Penslon Charlty Limited Gon•ral D•slgnatsd funds funds R•8trl¢t¢d funds Endowment funds 16 N•t as••ts attrlbutabl• to funds: curr•nt perlod Totsl Tangible fixed assets Current assets Current Iiabilits'es Net assats represented by funds 2.783,173 1193,4321 111,3481 1,268,666 296.723 11,2001 1,797 18,0 4.053,636 121.387 112.5481 G¢ngral D•slgnat•d furtds fund8 R•strlctod fvnd$ Endowm¢nl fund8 17 Nèt 888•ts attrfbutablo to fundg: prfjor pgrlo Tolol Tangibl& fixèd assets Current assets Current liabilities Net a5S8ts rèpresented by funds 2,659.726 1125,4881 110.6261 1.388,793 270.181 11,200 1,797 18,096 4,050,316 162.789 11,8261 18 Taxatlon The company is a ragistèr8d charrty. Accordingty, it is exempt frorn taxation in re$pect of income and eapital gains to the extent that these a appld to its charitable objects. 19 Post balan¢• sheet events The We no significant post balan shettt Èvents. 20 Conting•nt liabllltlès The charity had no matenal contiNJent liabilbties at 31 March 2024 nor at 31 M8r¢h 2023. 21 R•latd rtIo$ Thare were no disclosable related paty transactions during tha yaai. Page 15
Parmiter's Almh0e & Pension Charity 6 Trull Farn] Buildings Tetbury Gloucestershire GL8 8SQ Armstrong & Co ChorteredAccountants & Statt4tory Auditors 4a Printing House Yard London E2 7PR 4 December 2024 Dear Sirs Examination of accounts to 31st March 2024 In respect of your independent examination of our accounts for the period ending 31, March 2024, the following Tepresentations are nde to you by the trustees and matwement. Representatlon l. We acknowledge as trustees our responsibilities under chaTlties legislation for preparing rinancial statements that give a true and lair view and for mth.ng accurate representations to you &s exarniner. 2. We confimi that all accounting records have been made available to you for the purpose of your examination and that all the transactions undertaken by the charity had been properly reflected and recorded in the accounting records. All other records and related information, including minutes of all trustees, meetings, have been made available to you. 3. We confimi that the charity had no liabilities or contingent liabilities other than those disclosed in the accounts. 4. We confinn that there had been no events since the balance sheet date that required disclosing or which would materially affect the amounts in the accounts, other than those already disclosed or included in the accounts. 5. We confirnl that the charity has had. at no time during the year, any arrangemellt, transaction or agreement to provide credit facilities (including loans, quasT-loans or credit transactions) for trustees, nor to guarantee or provid¢ security for such matters, except &s already disclosed in the accounts. 6. We confirm that we hav¢ disclosed to you all related party transactions relevant to the charity and that w¢ are not aware of any further related party matters that require disclosure. 7. We confirnl that the charity has not contracted for any capital expenditure other than as disclosed in the accounts.