REGISTERED CHAIUTY NUMBER: 216144 Report Of the Trustees aud Unaudlted FlnanclAI Stmtsments for the YeAr Ended 31 March 2025 ror St Mirthi-lll-tbe•Fleldy Almlhouie Cbarlty Bullimores LLP Chartercd AGCOiUltants Old Printers Yard 156 South Street Dorking Surrey RH4 2HF
St M4rtiu-in-the-FieldJ AJm$house Charity ContentB of the Flnanelal Statements for the Year Eoded 31 March 2025 PAge Report of the Trustees I to 4 Independent Examitter's Report Sl8temeDt of Fluanelal A¢dvltiei B•lau¢e Sheet 7 to 8 Not¢• to the Flnatt¢iAI Statenwntj 9 to 18 Detalled Sttenllt of Fln8DdAI Acttvltl 19 to 20
St MarliD-iD-the-Fields Almshouse Charity Report of the Trustee$ for the Ye*r Ended 31 Mar¢h 2025 The Irt8 preseni their report with the fmancial statements of the charity for the year ended 31 March 2025. The tnlee$ ha adopted the provisions of Accounting and Reporting by Charits"es.' Statement of Recommend Practic¢ applicable to charities preparing their accounts ill accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective l January 20191. OBJECTIVES AND ACTIVITIES Obje¢tiYes The Charity provides a¢Gommodatioll for elderly people of little financial mean5 bAve lived in the City of We5kninster arca attd for key workers such as nurses. The accommodation comprises the residential units within the premise8 of the Almshouse. The tru8t¢¢s wish to redevelop th¢ ¢xistin8 buildirt8. The building of a new Aimshou5e has blwoys been contingent upon the r¢developrnent of a aJor building Westsninster. The ownership of the development compftny has changed, which has resulted in delays to the building of E4 new Almshouse. The CUTr¢nt owners of the development eompany have, howev¢r, r¢&ffmed their intention to compleit both these projects, Publ1¢ beneflt The public benefits from the Charity by the provision of affordr4bl¢ housing for key workers and eld¢rly persons of limited mean8. The Trustees refer io the guidance contain¢d in the Charity Commission's general guidan¢¢ on public benefit when reviewing th¢ airns and obj¢¢tive$ of the Charity and in planning IL4 future activities, in accordance witb gection 4 of the 2006 CharitL¢g ACL ACHIEVEMENTS AND PERFORMANCE Revlew of Actlvlttes and Flnanclal report The principal hing wurces o( the Chartty are weekly mailltenaace contributions. A deficit of £5,25412024 - £8.845) arose on operktLOlJS, income and Eains on investments were £39,490 (2024 - £90,657), re8ultin8 irt a net incr¢a3e in resource8 of £34,236 (2024 - £81,812). The key objective of the Charity 19 to proyide housinB to thig end the Charity hA8 conlinued to refiubith and mlinthin the building during the year under teview. The Charity seeks to retnaill current with all housing and h¢81th and safety regul8tions pertaining to the Charity and filnds have been utilised to pay for re inspc¢tions, pest control. building rnaintenBnce and staff training. Society as a whole benefits from the Charity continuing to provide affonlable housing for elderly persons of limited means and key workers, the majority of whom are staff working in local hospitals. FINANCL4L REVIEW Welfare Fund An amount of £3,339 (2024 £2.914) Wd8 spent on residents, welfare which included takiog residcnts to IN)spital appointsnents. IDve$tment pollcy tndependent InveStnt advisors manage the Charitys Investments. The policy continues to b¢ to In&ximise reDJrns consistent with the appropriate level of risk to a Charity of this n&DJre. Page I
St Martin-in-the•Fleld5 Almshouse Charity Report of the Trustees for the Year Ended 31 Mar¢h 2025 FINANCL4L REVIEW Reserves Policy The Tn)stees CODsider that the Investtllen¢ Portfolio, valued at £896,781 at the balallcc SIt date (2024- £857,463), plus the insurance potscies held provide enough reserv¢8 to cope with any major ¢xpenth'ture. Internal Controls A Budgetary Control Syst¢m is oper&ted with quart¢rly reporting and a forecast is updated annually. Attention is given to cyeliool Tllaintenance and itivestrnent forecasts gether with an alwual review of the Maintenance ¢Ontributions. independent exaTuin4tion of the Charitg$ T¢cords 15 carried oui. MalntenAnee The fire aiarn) system. fe appliances, litt ventita¢ion and boiler have all been maIntaed by ¢ontra¢ted fJrnLg. An independent lifi iDspectOT inspects the lift, in addition to notrnai setvicsng. STRUCTURE, COVERNANCE AND MANAGEMELYT Governlng doeument The Charity is controlled by its governing document. a deed of tntst, and ¢onstitute5 an unillcotyorated charity. The deed of tnL$t wa$ se4led by the Charity Commissioners on 3rd October 1974. Org8nl$atlonal itructure Therc arc currcn¢ly six TTrteeS. Tn&8lees meet four times a year for 8eneral busilless. speci meetin88 ore held as 4lld when n¢¢¢s8W. The Charity 18 administered by the Clerk under the direction of the Trustees. The Martager deals with day to day matter8 concerning the Bett¢fJci4ri of the Charity and the AinJshouse under the direction of the Clerk. Rlsk statement The TnJ8tees are not required under thc current Charity CoTtLtni58ion and SORP guidelines to carry Out a review of the major riyks the Charity faceg, sinee the income do¢s not cxceed £250.000. However, the Truslees recognise that this 18 an i8su¢ atsd they continue to monitor Tisk as an ongoing proc¢s# that forn part of the norn1 management of the Charity. Reference i5 made in previous paragrapk4 ¢0 the prlUre and practs'ce relating to the Investment Policy, Internal Controls and Maintenance. The combination of the Charitys fftn8n¢iai reserv¢s and its prndent fmancial mam8nent should allow it to withstand M¢t fluctuations. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Cbarlty number 216144 Prlnelp&l address 75 St Johns Wood Terrac¢ Lx)ndon NW8 6LF Pkg¢ 2
St Martin-in-the-Fields mShou$e Charity Report of the Trustees for the Year Ended 31 March 2025 Trustees Mrs P Levins¢)n Joint Chair Mr A m8iDZ FCA Joillt Chair Mr A Lacey Mrs E Wills r R Englehart QC (r¢siEned 28.5.25) Mr J Cohen Mr R de Montfort (appointed 10.9.24) Independent Examiner Bullimores LLP Clwtered A¢counlants Old Printers Yard 156 South Street DOrkg Surrey RH4 2HF Batskers CAF BaDk Ltd 25 Kin88 Hill Avenue Kings Hill West Mallin8 Kent ME19 4JQ Sollcltors carterton& Dcmbleby Hous¢ 12 Ilroad Street Spalding Lin¢5 PEII IES Inve8tmeot M8nAge Sarasin & PatIer5 LLP JOn House 100 St P4ui'g Churchyard tnndon EC4M 8BU STATEMENT OF TRUSTEES, RESPONSIB]LITIES The ttwtees are responsible for preparing the Report of the Trustees and the fuian¢ial staterllents in accordance with appliGable law and United Kingdom Accounting St9Ad8$ (UAited Kingdom Generally Accepted Aocountin8 PraGticc). Page 3
St M•rtin-jD-the-Fields MshOU$e Charity Report of the Trustees for the Yelr Ended 31 March 2025 STATEMENT OF TRUSTEES, RESPONSIBILITIES- eontlnued Charity law requires the trustees to prepar¢ fuJancio18tstements for each fwan¢ial year. Under that law, the trustees have clccted to prepare the fllwicial statements in cordanCe with United Kingdom Generally Accepted Accounting Pr4ctice (United Kingdom Aceouutill8 StaDdards alld applicable law). Under clwity law th¢ trwl¢¢8 must noi approve the financial statements Unle they are saiisfied tbat they give a tru¢ and fair view of the stale of affairs of thc charity 8nd of thc illconllng resources and application of resource8. includmg the Inrne and expenditure. of th¢ ¢harity for that period. In prepariD8 th05e fJt]Ancial $¢atements, the trJsiee8 are required yelect suitsble aceountiDg policies at apply con818tently' observ¢ the methods and principle5 tn the Charities SORP. make judgements and estillte5 that are reasonable and pnulent,. prepare the fu)ancial ststements on the going concern basis unless il is inappropriate to presume that the clwity will continue in busin¢$8. The ¢wst¢es are responsible for keeping proper accounting records which di8clos¢ with reasonable a¢¢uracy at any time the fmancial position of the ch8rity and to enable them to ensure that the [11 statCTnents comply with ¢he Chariiies knt 2011 and Thc Charity (Accounts and Reports) Regulations 2008. They ar¢ also r¢spon5ible for safeguarding the assets of the charity and hence for taking Teasonable steps for th¢ prevention aTKI detection of fraud and other irregularit1. The tntee$ are r¢8ponsible for the maintenance wd inle8rity of the charity and fitwici41 infonnation irteluded on the charity's w¢b¥it¢. Approved by order of the board of tnL8tees on...........................,................. and si8ned OA 11$ half by.. Mr A Mainz FCA. sie¢ Page 4
lttdependellt ExAmiDer's Report to the Trugtses of St Martin-iTr-the-Fields Almshouae Cbarity Independent examiner's report to the tnigtees ofst Martin-in-the-Flelds Almshouge ChArlty I rert to the charity tn]stees on my exattlination of thc accounts of St Martin-iA-the-Fields Almshou8e Charity (the Trust) for the year ended 31 Mar¢h 2025. Responsibllltles and b4$1s of report A8 the charity trustees of the Tnt you are re8POll5ible for the preparatioll of the accounts in accordance with th¢ requirements of th¢ Chan"ties Act 2011 I'the Act). I report in respect of my exalnination of the Trust'8 accounts CArried out under Section 145 of th¢ Act and in caTrying out my examination I have followed all applicable Directions given by the Charity ConJrt)iSsion under Se¢tion 145(5)(b) of the Act. IDdependent eximiner's 8tateJn¢nt I have completed my examination. I Conf that no material matters have come to my attclltion iTb GOnntiOn with the exatnination 8IYiti8 me cause to b¢lieve that in any material r¢8pect.' &CCOUDtin8 records were not kept in rcsp¢¢L of the Trust as required by S¢ciion 130 of the ACL or the accDi]rtts do not accord with those 0rd8' or the accouots do not comply the opplicable requirements WDc¢rnin8 the fornl and content of a¢¢OUT 9¢¢ Out in the Charities (Accounts and Reports) Regulations 2008 other than any r¢quirement that the accounts give 4 tsue and fair view which is not a matter considered as pgrt of au iDdcpendent examinatithj. I have no concerns and hav¢ come a¢r058 no other matters in Cotll¢t10n with th¢ examination to whicb attention should be drawn in this report tn order to enable & proper understgmding of thc accounts be 8¢ed. Patrick Cas¢y FCA Bullimore8 LLP Chartered Accountants Old Printers Yard l56 South Stree¢ Dorkin8 Surrey RH4 2HF Dale.. Page 5
St Mgrtin-iTr-the-Fields AlrnshOSt Charlty Statement of Financlal Activid for the Year Ended 31 March 2025 31.3.25 Total 31.3.24 Total fimds Unrestricted Endovnnent nds fiu]ds Notes INCOME AND EIYDOWMENTS FROM Donations and legacies 35 35 Ch4Tltable actlvlde6 Maintenane¢ 207.561 207,561 193.527 Investment income 1,337 23.202 24.539 567 Tot41 208,933 23202 232.135 194,094 EXPENDITURE ON Charltable actlvltlei Maintenance Welfar¢ fvnd 210,848 3,339 210,848 3.339 200,025 2,914 Tot*1 214,187 214,187 202,939 Net gains on inveslments 16,288 16,288 90,657 NET tNCOMEI(EXPENDrruRE) Transfers betweeft fundi (5,2541 49,172 39,490 (49,172) 34236 81.812 15 IY¢t movement In fund$ 43,918 {9,682) 34.236 81,812 RECONCILIATION OF FUNDS Ttstal fvnd.4 brought forward 526,350 2,257,040 2,783,390 2,701,578 TOTAL FUNDS CARIUED FORWARD 570.268 2,247,358 2.817,626 2.783,390 The notcs fortn part of the8¢ fun¢1 statements Page 6
St MartlD-In-the-Fields AimshouBe Charity Bal4nee Sheet 31 M8r£h 2025 31.3.25 Total 31.3.24 Total fimds Unrestricted E4ylowment Notes FIXED ASSETS Tangibl¢ assets Investments 504,589 1.350.577 896,781 ,855,166 896.781 ,855.166 857.463 12 504.589 2,247,358 2,751,947 2,712,629 CURRENT ASSETS Debtors Cash at bank ij 8.602 75,269 8.602 75,269 22,733 70,840 83,871 83,871 93,573 CREDITORS Amount8 faUiJ>8 due withm one year 14 (18,192) (18,192) {22,812) ET CURRENT ASSETS 65,679 65,679 70,761 TOTAL ASSETS LESS CURRENT LIABILETIES 570,268 2.247,358 2,817,626 2.783.390 NET ASSETS 570.268 2,247,358 2,817,626 2,78J,390 The no forni part of these fi[11 statemeots Page 7 continued...
St MartiD-ill-the-Field5 Almshouse Charity Balance Sheet- ¢ontlnued 31 M4rch 2025 FUNDS Utrestricted funds.. General fijnd Welfare Fund 15 570,268 525,218 1,132 570.268 526,350 Enth)wmcnt fiJnd$'. Endowment 2,247,358 2,257,040 TOTAL FifNDS 2,817,626 2,783,390 The fmancial statements were approved by the Board of Trnst¢¢8 and authoriged for issue on and were sig[1 on it8 behalf by.. LL Mr A M8inz FCA- rusiee Mr R de Mootfort- Tru8te¢ The notc5 fotrn pan of these fuwicial statements Page 8
St Martln-In-the-Field5 Almshouse Charlty Notes to tht Financial Statements for the Year Ended 31 Mthrch 2025 ACCOUNTING POLICIES Basls of prepxrlDg the flnancial statemetsts The fu)ancial stst¢ments of the Charity, which is a publie benefit entity under FRS 102. hav¢ been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Ct)ariti¢8'. Statfftent of R¢conllnended Practice applLcable to charitie5 preping tbeir accounts in a¢cordawe with the Financtal Reporting Standard applicabl¢ in the UK and Repubtic of Ireland {FRS 1021 (effectivc l January 2015),, Financial Reponing Siandard 102 'The Financial ReponiTJg Standard applicable in thc UK and Republic of Ireland, and the Cknities Act 2011. The financial ststements have been prepared under the historical cost conv¢ntion with the exception of invesunent5 which arc illcluded at market value. The TnJ8tees consid¢r that th¢r¢ ar¢ no Inateri uncertaintie8 about the Charitys ability to continue as a going concern and the accounts have been preparcd on this ba818. Flnan¢i81 reporting standard 1112- reduced dl$¢lo$ure exemptloni The chariry has taken advantage of the following disclosure exemption in pr¢parin8 these fJnan¢i81 stst¢rnents, as permitted by FRS 102 The Finoncial R¢porting Standard applicable in th¢ UK and Republic of Ireland,, the requirements oESection 7 Statemellt of Cash Flows. IDcome All Incon is r¢co8nised in the Statement of Fitwicial Activities once the Charity has Qntitlement to the fiwds. it 18 probable that the income will be received and the amount can be measured reliably. The trnsi deed allows fijnds held in the Endowment Fund to be used a$ considered appropriate by the Tru8t¢¢8, provided that all other ¢lwEes &s S¢]rIed by thc deed have been defrayed. There are no such ¢har8eg. Exptttdlture Liabilities are reCognid as expenditure a5 500n a8 there is a legal or coThqtructive obligation committing the Charity to that expenditure, it is prob&ble that a transfer of economic ben¢fLls will be required in settlement and th¢ amount of the obligation Can be measured r¢li8bly. Expenditure is CoUnted for on att a¢cnthl8 basis and has been ¢18S8ified under he&diDg5 that aggregF4te all cost related LO the catcgory. Where costs be directly &ttributed to particular headings they have been allocated to actLVi(ies on a basis consislcnt with the use of re8OUTces. Charlt4bl¢ ActlTAtles Costs relate io the provision of the Hrynual welfare fijnd to be used for th¢ welfatt of the beneficiaries. GovernAnce co$t$ Govtrn&n¢e costs comprise all legal and prof¢gsional f¢e¥ relating to the Charity, and all travel and training costs necessitsted by adherertce to sta(utory rules relating ro governan¢e. Alloeatlon and apportAonm¢nt of Cts Support Costs ift relation to legal and professional fees. bank charge5, tyaining, trnvel and Sundry are apportioned by transaction, payroll costs arc allocated by time. all other costs are bome directly. Tanglble fixed asset5 The property held by the Charity is showryj at rost and is not deprlIted as the Tnte£S Consider the residual value LO be in ¢xce&s of this Hnioiint. Page 9
St Martin-iD-the-Field$ Almshouse Charity Notes to the Flnancial Statement$- continued for the Year Ended 31 MArch 2025 ACCOUNTING POLICIES- Continued Taxation Thc Charity is exempt from tax on its charitable activities, failing within section 505 of thc Taxes Act 1988 or sectson 256 of the Taxation of Chargeable GuiDS Act 1992. No t&x charges have arisen in the Charity. FuDd accountlng Unrestricted fvuds c8n be used in a¢¢ordance with thc charitablc objectives at the discretion of the Trustees. Re8tticted fund8, if any, can only be used for p8rticular restricted purposes within th¢ ObJts of the Charity. Restriction8 arise when specifi by the do[r or when fiwds are rai8¢d for parts¢ular restricted purposes. Further explanation of the nattwe and PUTpose of each fimd 18 included in the notes to the fmanci41 ststements. Penslon co8t8 and other post-retlrejnent benefit$ Th¢ Chority opeTates a defmed contribuiion pen8ion scheme. Contributions pable to the Charitys pension sclwm¢ are charged to the Ststemellt of Financial Activities in the period to wbich they relate. Flxed *Met Investtnents Fixed agset investments repre8eryt collective inve51ment fimds managed by Sarosin & P8finers LLP and are included at their fair value. Thc values are based on the Bid price as &t the close of busine&8 on the balance shttt date. Durirt8 the year invesbnent manag¢meni ctW8e$ generated a n¢t rebate of £172 (2024- £187). INVESTMENT INCOME 31.3.25 31.3.24 Othcr fLK¢d wet invegt - Fll Deposit account interest 23,202 1,337 567 24.539 567 INCOME FROM CHARITABLE ACTIVITIES 31.3.25 31.3.24 Activity MainteT)attce Maintenance contribution8 207,561 193,527 Page 10 continued...
St Martill-In-thtrFields AJDuhouse Charlty Notej to the Financial St4tsrn¢nt8- eontinued for the Year Ended 31 Mar¢b 2025 CHARITABLE ACTIVITIES COSTS DiLTCt Costs (see note 5) Support costs (see noie 6) Tota18 Maintenance Welfare fund 206,448 3,339 4.400 210.848 3,339 209,787 4,400 214,187 DIRE COSTS OF CHARITABLE ACTEvrrtES 31.3.25 Jl.3.24 Staff costs W¢lfar¢ filnd lsuurance Telephortes Utiliti¢$ Office Suppli¢$ Preinises Maint¢nAnce Training trjvel and sundry Bank Charg¢5 Donationg IT Softw8r¢l CoDsumable8 141,653 3,339 6,467 1.234 21.754 1,050 32.700 203 88 136,665 2,914 6,248 1,237 19.308 995 28,039 1.238 88 Jo 573 1,299 209,787 197,335 SUPPORT COSTS GovernAnce costs Mainta)an¢¢ 4,400 Pagell eontinued...
St M•rtin-In-the-Field$ Almshou3¢ Charlty Notes to the Financial Statements- ¢ontlnued for the Year Ended 31 March 2025 SUPPORT COSTS- contlDued Support Costs, iticluded in tb¢ at¥)ve, are 88 follows.. GoverDance costs 31.3.25 31.3.24 Total Maintenaoce activities Auditors, remuneration IniJ¢p¢tht examiner's fres 5.604 4.400 4,400 5,604 AifDITOIL81 REMUNERATION 31.3.25 31.3.24 Fees payable to the Charity8 Audito for the audit of the Clwttys fanCIAl statements 5,604 TRUSTEES, REMUNERATION AND BENEFITS There were no tru8t¢<$' r¢mun¢r#tion or other benefits for the y¢ar ended 31 March 2025 nor for the year ended 31 March 2024. Truste¢$' expeA$ There were no trn8tee8' expenses paid for the year ended 31 Mar¢h 2025 nor for the yrar ended 31 March 2024. STAFF COSTS 31.3.25 31.3.24 Wo8¢$ and salari¢8 Social security costs Otherpension co¥ts 124,995 7.822 8,836 120,778 7,308 8,579 141,653 136,665 The average number of etDployees during the year w&4 as follows: 31.3.25 31.3.24 Cleik 4nd receiveT Page 12 continued...
St Martin-iD-the-Fields AlLhOuse Charity L¥otes to the FiDan¢l#l StAtementg- continued for the Year Ended 31 March 2025 STAFF COSTS- contlnued The average Dumber of employees (head count b&sed on nunibcr of employed) during the year was as follows". 31.3.24 31.3.25 £00,000 to £09,999 io. PRIOR YEAR COMPARATtVES FOR THE STATEMENT OF FIThANCIAL ACTIVIT Unrestricted Endowmellt Total fijnds INCOME AND ETrIDOWMENTS FROM Charlt8bl¢ actlvlti¢$ Maintenance 193,527 193,527 Investment income 567 567 Totil 194,094 194,094 EXPENDITURE ON CharitAble Actlvltle8 Maintcnan¢¢ Welfare fjjnd 200,025 2,914 200,025 2,914 Totsl 202,939 202,939 Nel gains on investment 90,657 90,657 NET INCOMEI(EXPENDITURE) Transfers between fundg 18,845) 187 90,6J7 (187) 81,812 Net movement In fuDdg 18,658) 90.470 81,812 RECONCILIATION OF FUNDS Total funds brought fonvard 535,008 2,166.570 2,701,578 TOTAL FUNDS CARRIED FORWAIID 526,350 2,257,040 2,783,390 Page 13 continued...
St Martln4D-the-Fields Almshouse Cbarlty Note$ to the Finantial StAtetnents - colltlllued for the Year Ended 31 March 2025 TAL¥GIBLE FIXED ASSETS Freehold property COST At l April 2024 and 31 Mah 2025 1,855,166 NET BOOK VALUE Ai 31 MCh 2025 1,855,166 At 31 March 2024 1,855,166 Included within fixed a$5¢ts is the fr¢¢hold of the Al[nsl8C. Th¢ property 18 held at ¢1 of £1,855,166. The Trustees b¢li¢ve the land valu¢ to b¢ at least equal to the cost. 12. FIXED ASSET INVESTMENTS Listed iuve5tments MARKET VALUE Ai l April 2024 Addition3 Revaluations 857.463 23,2L12 16,116 At 31 March 2025 896,781 NKT BOOK VALUE At 31 MJr¢h 2025 896.781 At 31 March 2024 857.463 The investments are held in three UK-domiciled collective illve$knent schemes. 13. DEBTORS: AMOUNTS FALLG DUE WITHtN ONE YEAR 31.3.25 31.3.24 Trade debtors Prepayments 5,182 3,420 19,313 3.420 8,602 22,733 Page 14 ontinued..
St Martln-In-thewFlelds Ajmsbollse Charlty Note8 to the Financial St8tements- tontlnued for the Year Ended 31 Mar¢b 202S 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trade credit015 Social security and other taxe8 Other Creditors Acctued exp¢TL8es 9,126 3,433 733 4,900 5,372 3,210 8,130 6.100 18,192 22,812 15. MOVEMENT lly FUNDS Net movement in funds Transfers between At 31.3.25 At 1.4.24 Unrestrlcled fund8 General fiu)d Welfare Fund 525,218 1,132 (1.915) (3,339) 46.965 2.207 570,268 526.350 (5,254) 49,172 570,268 Endowment fulld$ Endowment 2.257.040 39,490 149,172) 2247,358 TOTAL FUNDS 2,783,390 34236 2,817,626 N¢1 movement in fimds, included in the alJ)ve are as followB.' LncominB re8OUTces Resources ¢xpelld¢d Gains and losses Movcment in fimds Ullrestrleled fulldi General fithd Welfare Fund 208,933 (210,848) (3,339) {1,915) {3,339) 208,933 {214,187) 15254) Endowment fund$ EndoNinent 23,202 16,288 39,490 TOTAL FUNDS 232,135 (214.187) 16.288 34.236 P#g¢ IS continued..
St M*rtln-In-the•Fleld5 Almshouse Charity Notes to tbe FiDandAI Stat¢mettt$- collthiu¢d for the Year Ended 31 Mareh 2025 15. MOVEMENT IN FUNDS - contlnued Comparatlvd lor movement In fuDd# Net movement in fiu5 Transfers betweert At 31.3.24 At 1.4.23 Unre8trl£ted fuDd Get841 fund Welfare Fund 530,962 4,046 (5,931) (2,914) 187 525.218 1.132 535.(N)8 {8.845) 187 Endowment fuDds EndOwnnt 526,350 2.166,570 90.657 (187} 2,257,040 TOTAL FUNDS 2,701.578 81,812 2,783,390 Comparvltive net movement in funds, includ in the above are 85 follo. Ineoujing Te8ourc&q R¢8our¢es expended Gains and 10s8¢6 Movement in funds Unreglrleted funds Generol fvnd Wclfare Fund 194,094 (200.025) {2.914) (5,931) {2.914) 194.094 {202,939) Endo)vment fuads Endowinent (8,845) 90.657 90,657 TOTAL FUNDS 194,094 1202,939) 90,657 81.812 Pag¢ 16 continued...
St Martln-in-the-Fields Almshouse Charlty Notes to the Financial Statements- continued for the Year Ended 31 March 2025 Is. MOVEMENT IN FUNDS- contlDued A Current year 12 months and prior year 12 months combined position is as follows.. Net ye¢1 in fid8 TraL8fcrs bctwten At 31.3.25 At 1.4.23 fimds Unrestrleted funds Geller fid Welfare Fulld 530,962 4.046 {7,846) (6.253) 47,152 2,207 570,268 535,008 (14,0991 49.359 570,268 EndowmeDt fundj En(lowment 2,166.570 130,147 {49.359) 2,247,358 TOTAL FUNDS 2,701.578 116,048 2,817,626 A current ye4r 12 months &rtd prior year 12 months combined net movement in filllds, in¢lud¢d in the above are as follows.. Incoming resoue Resources pended Gains and losses Movement Unreotrleted funds General furtd Welfare Fund 403,027 (410,873) (6,253) 17,8461 16,2531 403,027 (417.126) (14,099) Elldowmellt fuDdi E.ndown¢nt 23,202 106.945 130,147 TOTAL FUNDS 426,229 {417,1261 106.945 116,048 Capltal FuDd- Endowment This fjjnd repre8ents the money orisinally left to the Charity as a result of the coL801idation of variou$ predece$8or ¢han'ts'es as Set £t in the scbeme of tbis Charity dated 3rd October 1974. Tbis incowrate5 investments at market value and propety At cost. The funds in the Endowment Fund m&ybe used to fittther the pu4)oses of the Charity, as decided by the TnL8tees. Page 17 continued...
St MartlD-In-the-Field8 A]n)sbouse Cbarlty Notes to the FinanciAi Ststements- ¢ODtIDued for the Year Ended 31 March 2025 16. RELATED PARTY DISCLOSURES were no related paty transactions for the yeAr ended 31 March 2025. Pag¢ 18
St M•rtln-in-the-Fleld8 Almshouse Charity Detailed StAtemettt of FIDanela] Aetlvftles for the YeAr Ended 31 March 2025 31.3.25 31.3.24 INCOME AND ENDOWMENTS Dollatlons and 1¢8AeAe• Donatiolls 35 Investmeut In¢ome Other fixed a88et invest- Fll Deposil h¢¢ount interest 23,202 1,337 567 24,539 567 Cb•rltable activitlej Maintenanc¢ contributsons 207,561 193,527 Totsi In¢omlD8 re8ources 232,135 194.094 EXPENDITURE Charliable Actlvldes Wages So¢ial security Pen8iOll8 Welfare fiJnd Insurance 'relephon¢s Uiilities Offi¢¢ Supplies Premises Maint¢nance Trainin8 travel and sundry Bank CharBes Donations T Softwarel Consumables 124,995 7.822 8,836 3,339 6.467 1,234 21,754 1,050 32,700 203 88 120,778 7,308 8,579 2,914 6,248 ,237 19,308 995 28,039 1,238 88 30 573 1,299 209,787 197.335 Support cmts Governance cojts Auditors, remuncration Independen¢ ¢xamin&8 fces 5,604 4.400 4,400 5,604 Total r¢50ureu ¢xpettded 214,187 202,939 Net Incom¢l(expendlture) before gats¥ aod 108ies 17,948 18.845) This page does not fomi part of the slatrjtory financial slatements P4ge 19
St Martin-in-the•Fleld5 Aimthouse ChArlty Detailed statemllt of Fln4n¢laJ Acdvidei for the Year Ended 31 Mar¢b 2025 31.3.25 31.3.24 Reaiiied reco8nlRd galni and losses Realiscd gaiDsI(losses) 00 fed inv>llMts 19273 Net kn¢ome 17.948 10.428 Thi4 page does noi forni part of the statutory fjllancial 8tatements Pag¢ 20