Charlty re8Jstratlon number 216830 {En8land and Wale51 WARWICK UNrrED CHARITY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
WARWICK UNITED CHARITY LEGAL AND ADMIN15fRATIVE INFORMATION CowOPted TfUStees', Mrs J Honnoraty- Chalrman Mr E Kibbler Mr G Sutherland Mrj Atkinson Mr5 A Lettis Mr5 L Bolton Nomlnati¥t Trustees: Cllr D Browne Cllr P Wightman Charity number 216830 Princlpal address CIO Moore & Tibblts 3rd Floor Westgate House Market Street Warwick CV344DH Independent examiner5 Burgis & Bullock 23-25 Waterloo Place Learnington Spa CV32 SLA Bankers Lloyds TSB Bank plc 25 Gresham Street London EC2V 7HN Sollcltors Moore & Tibbits 3rd Floor Westgate House Market Street WarwSck CV34 4DH
WARWICK UNITED CHARITY CONTENTS P¥e Trustees, port Independent examiner's report Statement Of financlal actlvltles Balance sheet Notes to thefinancial statements 7-21
WARWICK UNITED CHARITY TRUSTEES. REPORT FOR THE YEAR EAIDED 31 DECEMBER 2025 The Tnjstees pSent their annual report and finar¢bal $tstements ftsr the year ended 31 December 202S. The financial statements have been prepared in accordance with the accountlng polS¢ies Set out In note I to the finandal ststements and comply wlth the Charity's Trust Deed dated 9th Septernber 1977. the Charitles Act 2011 and "Accounting and Reporting by Charltles.- Statement of Recommended Practlte app11cable to charrties preparin8 thelr accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective l January 20191. Oblecllves and actl¥ltles The Charity's objects are to providing a55i5tance either general or individually to persons resldent in the town of Warwlck. who are In need. hardship or distress. Publlc Benefft The Trustees have paid due regard to guidance issued by the Charity Commission In decldlng what actlvltles the Charity should undertake to ensure that public benefit is maintained. As well as the provision of Almshousè facilities for those In need of accommodatlon the charity provides a range of grants each year in order to extend the number ol beneficiories it can reach. Ath12ments and performance The Charity provides Almshouses accommodation at West8ate and Tibbrts Court in Warwick. Thè costs of providing this accommodation are financed by investment income, rents f¥om agricultural land and a share of SirThomas Defves Charity. All ofthe Almshouses were occupied durlng Ihe year. FTnanclal revlew At 315t December 2025 the Charity's unrestrlcted fun(k comprised of unrestritted general funds of £214,192 12024 - £202,806) anrj the Extrarjrdlnary Repair Fund and Development Fund, held in designated funds. of £280,079 12024 - £285.6481, totallinB £494.271 12024 - £488.4541. The unre51ricted tsnds comprise of investments of the Charity totalllng £438,83212024 £452,382) and the net current assets of the CharV of £63,31412024- £50,247) and long term liabilities of £7,87512024- £14,175). Endowment funds consisting of investment5 and property stood at £1.737.996 12024 - £1.772,1121. Given the nature of the Charlty's activltles, the Trustees believe kt hs appropriats to hold around £25,000 as unrestricted cash reserves to meet the Costs of emergency paIrS that could arise at any time. The balance of unrestrided reseNes will be used to fvrther the charitable objectives of the Charity. The balance of thè Charlty'5 unre5trfcled fund5 has been iwe5ted in COIF funds, which are periodically vieWed bythe Trustee5. The Trustees have considd the risks to which the Charity is exposed and have establTrshed the principal risk to the Charity as being the dilapldatlon of the propertles. The Charlty's properties are regular reviewed to ensure that they are property maintained and that all Heah arbd Safety issues are addSSed. The Trustees malntaln satisfartory insurance of the Alm5house5 which have provision for alternatfve a¢¢ommodation costs In the event of damage or destruction by fire or other comprehenswe risk5.
WARWICK UNITED CHARITY TRUSTEES. REpoKf ICONTINUED} R)R THE YEAR ENDED31 DECEMBER 2025 H•ns for IUre periods The Trustees continue io pro8resS the sale of the land at Barford. During 2023 a contrnct for the sale of the knd was signed. The completlon of the contract was conditional upon planning pemiission being granted for Ihe development of the land. Although In February 2025 plannin8 consent was obtained in principle, Section 106 condrtions could not be asreed and subsequently in February 2026 the Trustees agreed to enter Into a new uncondf(ional sales agreement which they antlclpate wlll complete before thè end of 2026. Structurei governance and marmgement The charity is governed by a Trust Deed dated 9th September 1977 and Is reglstered with the Charilv Commissioners (No. 2168301. The Trustee5 who Served during the year and up to the date of si8nature of the financial statements were: Mrsj Honnoraty Mr E Kibbler Mr G Sutherland Mr J Atkin50n Mrs L BOon Mrs A Letti5 air D Browne Cllr P Wi8htman The Trustees have met three times durlng the year as well as Inspectlng the Almshouses and meetlng the re5ident5 periodlcalEy. The induction process for a new Trustee is as follows- The Chalrman wlll meet wlth the new Trustee to explain all aspects of the Charlty ènd to provide all relevant inlormation regarding It. The Clerk to the TNstees wlll wrtte to the new Trustee with a copy of the scheme govern1 the charrty and a copy of the last set of accounts. The Chairman and the Clerk to the Trustee5 will a150 provide all the a5515tance and information necessary for the new Trustee to become familiar wh the worklngs of the Charlty and the responslbllltle5 of becomlng a Trustee. The Trustees, report was approved by the 8oard of Trustees. J Honnoraty /S/&/£&
WARWICK UNITED CHARITY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WARWICK UNITED CHARITY I report to the Tru5tee5 on my examination of the financial statements of Warwick United Charity Ithe ChaTltyl forihe year ended 31 December 2025. Rèsponslbllltles and basls of report the Tnjstees of the Charity you are responsible for the preparation of the financial stateTrsents in a¢cordante with the requiyements of the Char6ties Act 2011. I report In $pert of my examlnation of the Charity's financial statements carried out under section 145 of the 2011 Aci. In carrylng out my examinaiion I have followed all the applicable directions given bylhe Charlty CommLsslon under section 145lSllbl of the 2011 Att. Independent examinÈr's ststemert Your attentlon Is drawn to the fact that the charlty has prepared the financial statements in accordance with the relevant version of the Ststement of Recommendèd Prattlce applicable to charrties preparing thelr finan¢lal slements in accordance with the Financial ReportinB Standard applicable in the UK and Republic of Ireland IFRS 1021 In preferen to the AccountlnÉ and Reportlng by Charities,. Statement of Recommended Prnclice issued on l April 2005 whith 15 referred to in the extant re8ulatlons but has now been withdrawn. I understand that thls has been done in order for the financial statements to provide a true and fair view in accordance with UK Genernlly Accvpted Accounting Practice. I have completed my examination. I confirm that no matter5 have corne to ry attentlon in connettion with the examinatlon giving me cause to believe that in any materrol respect: accountlng records were not kept in respect of the Charty as requirèd by sectlofi 130 of the Charitie5 Act 2011. the financial statements do not accord wlth those recofds.. or the financial statements do not comply wlth the appllcable requirements ¢oncernin8 the form and content of financial statements set out In the Charitles (Accounts and Reports) Regulations 2(>8 other than any requirement that the financial statements 8ive a true ond fair view. which is not a matter consldered as part of an independent examination. I have no COnrn$ and have come acr055 no other matter5 in connection with the examinat)n to whlch attentlon should be drawn in thls report in order to enable a proper understanding of the financial ststements to be reached. W A Hubbard FCCA Bur8is & Bullock 23-25 Watedoe Place Leamin8ton Spa CV32 SLA
WARWICK UNITED CHARITY STATEME OF FINANCIAL A1VITIES FOR THE YEAR ENDED31 DECEM8ER 2025 Currerf financial year Unrestricted UnKestrirted Endovmient lunds funds fund5 eneral degnated 2025 2025 Total Total 2025 2025 2024 Notss Incorne and endowments from: Donatlons and le8acie5 Investrnents Other income 6,924 77,778 974 6,924 77,778 974 4,390 70.941 115 Total Income 85,676 85,676 75,446 EmpendItu on: Charitable artivttie5 Other expenditure 43,968 22,341 43.968 22,341 37,383 16,314 Total expenditure 66,309 66,309 53,697 Net gainslllossesl on Inveslments io 17.9811 15,5691 134.1461 (47,6961 33,268 Net incomellexpenditurel IL386 15,5691 134,1461 128.3291 55,017 Other re¢othsed goons and 1055e5: BewJlu•tlon of tangible flxed assets 1465.OCNJI Net mo¥ement In fu•KIs 11,386 15,5691 134,1461 128,3291 1409,9831 Reconciliation of ld$. Fund balances at l January 2025 202,806 285,648 L772,112 2,260,566 2,670,549 Fund balances at 310ec•mber 202S 214,192 280,079 1.737,966 2,232,237 2,260,566 The 5tatemÈnt of financial artivities includes all 8ains and losse5 recognised in the year. All income and expendlture derive from contlnulng attivitles.
WARWICK UNITED CHARITY STATEMEfrif OF FINANCIALAcfiMnES (CONTINUED) FOR THE YEAR EIVDED 31 DECEMBER 2025 Prlorfinancial year Unrestrlded Unrestricted Endowrnent nds lunds funds 8eneral deslgnated 2024 2024 Total 2024 2024 Notes Income and endowments Imm: Donations and legacles Investments Other income 4,390 70,941 115 4.39) 70,941 115 Totsl income 75.446 7S,446 Expendlture on: Charitable activitie5 Other expendftu 37.383 16,314 37,383 16,314 Total •xpendlture 53,697 53,697 Nel galns/llosse5l on investments 3.683 13,827 15,758 33,268 Nel income 25,432 13.827 15,758 55,017 Other rec08n15 galns and14>sses: RevBluation of tan8ible fixed a55ets 1465,C)001 I465,0) r+let movement in lund5 25.432 13.827 1449,2421 1409.9831 Refondll*ion ol funds.. Fund balances at l January 2024 177.374 271,821 2,221,354 2.670,549 Fund balances al 31 Decomber 2024 202.806 285.648 1,772.112 2,260,566
WARWICK UNITED CHARITY BALANCE SHEET AS AT31 DECEMBER2025 2025 2024 Notes Fixed assets Tangible assets Investment property Investments 13 14 15 885,075 173,700 1,118,023 885.075 173,71]0 1,165.719 2,176.798 2,224,494 rrent assets Debtors Cash at bank and in hand 16 6,102 97,603 5,506 83,219 103,705 88.725 Creditor5: amounts falling due wlthSn one year 18 140,3911 138.4781 r4et ¢wrent ets 63.314 50.247 Totsl assets less current liabilittes 2,240,112 2,274,741 Credltors: amounts fallin8 due alter more than onÈ year 17,8751 114,1751 Net assets 2.232.237 2,260,566 The funds ofthe Charlty Endowment fund5 UnrestrlctÈd funds- general Unrestricted fvnds- desl8nated L737,966 214,192 280.079 1.772,112 202.806 285,648 21 2,232.237 2.260,566 The financial statements were approved bythe Trustees on.. 1.8.1612 J Honnoraty
WARWICK UNITED CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EAIDED 31 DECEMBER 2025 Accounting policies Charity information The charity is 8ovemed by a Trust Deed dated 9th September 1977 and is registered wlth the Charlties Commission INO. 2168301. 1.1 Accounting convention The financl81 statements have been prepared In accordante with ihe Charity's governing document. the Charities Act 2011, FRS 102 °The Financial Reporting Stsndard applicable ITh the UK and Republic of Ireland" I"FRS 102.1 and the Charitles SORP "Accountlng and Reporting by Charilies.. Statement of Recommended Pra¢tite applicable to chartiles preparln8 thelr accounts in accordance wtth the Financial Reporting standard applicable in the UK and Republic of Ireland IFRS 1021. leffectwe I January 20191. The ChèrSty Is a Public Benefit Erbtity as defined by FRS 102. The Charfty has tsken advantage of the provlsions In the SORP for charitles not to ppare a Statement of Cash Flows. The tlnancial statements have departed from the Charities (Accounts and Reports) Regulatlons 21X)8 only to the extent required to provide a true and fair view. Thi5 departure has Involved following the ststement of Recommended Practice for charltles apptying FRS 102 issued 2019 rather than the version of the Statement of Rtcommènded Ptartice which 15 referred to in the Regulation5 but which has since been withdrawn. The financlal statements are prepared In sterlln& whlch Is the fundional currency of the Charity. Monetary amounts In these financial statements are rounded to the nearest £. The finantial statements have been prepared under the historical cost convention. modified to include the revaluation of freehold pmperties and to In¢lude Investment propertles and certain financial instruments at fairvalue. Tht printipal at¢ountinB policiR5 adopted are Set out below. 1.2 Golni ¢oncern At the time of approvin8 the financial Statements, the Trustees have a reasonable expertatlon that the Charity has adequate re50urtes to continue in operatlonal existen for the foreseeable future. Thus the TNstees contlnue to a(lopt the goln8 con¢em basls of èccountlng in preparing the financial statements. 1.3 Charitable fvnd5 Unrestricted fund5 are available for use at the dlscretion of the Trustees In fvrtherance of theli charitable objectives. Restricted funds a subject to specrfic ¢ondriion5 by donors or Erantor5 as to how they may be used. The purposes and uses of the restrFtted fund5 4Te set out in the nole5 to the flnancial Statements. Endowment fund5 are subject to specific condttions by donors that the capital must be maintèrned by the Charity- The endowment funds comprise the Almshouses buildings and investrnents.
WARWICK UNITED CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EAIDED 31 DECEMBER 2025 Accountln8 pollcles Icontlnuedl 1.4 Income Inwme 15 re¢ognised whèn the Charlly Is legally entitled to tl after any perfomian¢e c¢ndtlions have been met, the amounts can be meaSUd rellabfy, and it is probable that income will be received. All investment Income eKcludlng deposlt Interest Is shown on the basls of amou5 recelvable In the year and includes any tax credit or incorne tax which is recoverable by the charity. Deposrt interest Is shown on the basts of amounts credited In the year. Rental income Is induded in the period to which it relates. 1.5 ExpÈnditurÈ All expenditure Is atcounied for on an accruals basls. Housing ctssts represent the ntnning ctssts of the Almshovses properties. Grant5 are accounted for on a commilment bas15. 1.6 Tanglble flxed assets The housing propertles whlch are Almshouses are included in the accounts at "deemed cost" The tran51tional provr5ions of FRS 102 are belng followed and the valuatlon at the date of transition ha5 not been updated. As the propertles are maintained in a state of repair such that their estirnated residual value is not less than their carylng value. no depreciatlon Ss provided. The trustees regularly vieW their valuation in use and reflert any irnpairment in wdlue. Land and bulldlngs are Included in the accounts at valuatlon. Fieehold land is depcIated. The gain or loss arising on the disposal of an asset Is detemilned as the difference between the sale proceeds and the carrylng value of the asset. and is recognised in the staternent of financkal artivities, 1.7 Investment prvpertles Investment property, whlth is property held to earn rentsls andlor for taprtal appretiation, 15 initialty recognised at cost, which includes the purchase cost and any directty attributable expenditure. Sub5eqtsently St is measured at falr value at the reportlng end date. The surplus or deff cit on ievaluation is recognlsed In profft or loss. 1.8 Fix•d asset In¥estments Fixed asset investments are Inttially measured at transaction price excluding transaction c05t5, and are subsequentw measured at fair value at each reporting date. Changes In fair value are recognlsèd in nèt incomellexpenditurel for the year. Transaction costs are expensed as tncurfed.
WARWICK UNITED CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER2025 A¢counting pollcles Icontlnued) 1.9 hMpa5rment of fixed 0$5ets At each reporting end date, the Charity reviews the carrying amounts of its tan6ible assets to detemine whether there Is any indication that those assets have sUffed an impairment loss. If any such Indication exists, the recoverable amount of the a55et is estlmated in order to determine the extent Df the impaimient loss lif anyl. 1.10 Cash and ¢a5h equI1entS Cash and cash equivalents include cash In hand. deposits held ot call with banks, other short-term Ilquid investments with original maturf(ies of the rnonihs or less, and bank overdrafts. Bank o¥eTdrafts are shown within borrowings In current liabllrties. Lll Flnanclal instruments The Charity has elected to app the provisions of Section 11 'Basic Financial Instrurnents, and Seclion 12 ther Flnanclal Instrufflents15sue5' of FRS 102 to all of Its finantial Instruments. Financial instruments are recognlsed In the Charivs balance sheet when the Charrty becomes party to the contractual provisions of the instrument. Flnanclal assets and Ilabilitles a offset, wlth the net amounts presented In the finantial statements, when there is a legally enforceable right to set off the re¢ognrsed amounts and there is an Intention to *ttl¢ on a net basis orto realise the asset and settle the liability simvltaneousty- Bosirfinondol assets Basic financial a55et5, which include debtors and cash and bank balance5. are inltially measured at transaction price including transaction cosis and are subsequentty carried al amortised cost using the effective Interesi method unless the arrangement constitutes a financing trdnsaction, where the transa¢tion is measured at the psent value of the future receipts discounted at a mayket rate of intèrest. Financial assets classihed as recèivable wrthin one year a nol amortised. Baslcllnonclol Iloblllties Baslc flnaN¢i31 liabilities. includlng Credltors and bank loans are InltSally recogni5ed at transactlon prlce unless the arrangement constitute5 a financing transaction. where the debt in5trurnent is measured at the present value of the futvre payments discounted at a market Fate of interest. Financlal liabilities classified as payable within one year arè not 4mortised. Debt Instrument5 are Subsequent carried at amortlsed cost, using the effective Inte$t rdte method. Trade creditors are obligatlons to pay for goods or servi$ that have been acquired In the ordinary course of operatiolls from 5upplier5. Amounts payable are cla5srfied a5 current liabilitles rf payment is due wtthir) one year or less. If not, they are presented as non<urrent liablltties. Trade creditors are recognised initially at transaclion price and subsequentty measured it amortised cost USln8 the effÈctivè Interest method.
WARWICK UNITED CHARITY NOTE5 TO THE FINANCIAL 5TATEMENfs (CONTINUED> FOR THE YEAR ENDED 31 DECEMBER 2025 Acfountlng polkles (Continued) Dererpgnition vlfinqnrivl liobilitie5 Financial liabilities are derecognised when the Chalit5 contractual obligations expire or are dischar8ed or ncelle, 1.12 Concessionary loans Conce55ionary loan5 are initially reco8ni5ed and measured at the amounts leNed or paid. The carrying amounts in subsequent years reflects repayments and any accnjed tnterest and are adjusted if necessaryfor any Impairnient. Incom• from donations and legades Unrestricted Unrestricted funds funds 2025 Z024 Grants 6,924 4,390 Grants Sir Thomas Delves Charrty Rural Payments *lqen 4,029 2,895 4,390 Government 8rants Durin8 the yearthe dritY received one 8overnment 8Trnt totallin8 £2.89512024'. £nill. Intome from investments Unrestricted Unrestrlcted funds fid$ 2025 2024 Rental Income Income from unlisted investments Interest receivable 50,025 24.602 3.151 44,255 23,956 2.730 77,778 70,941 10-
WARWICK UNED CHARITY NOTES TO THE FINANCIAL sTATEmErs (CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 Other income Unrestrictsd Unrestrlctsd nds funds 2025 2024 Other income 974 115 Expenthturn on charltable actl¥lti*s 2025 2024 Direct Costs Iniurante costs Heat & Ilght Water rates Repai & renewals Garden maintenance Sundry expènses 1589 136 57 16,719 10.248 719 2,250 133 16,739 5,628 1,173 30.468 25,923 Grant fundlnB of actlvltles Isee note 61 13.5CX) 11,460 43,968 37,383 Analysls by fund Unrestritted funds- 8eneTal 43,968 37,383
WARWICK UNITED CHARITY NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED31 DECEMBER 2025 Grant5 pable 2025 2024 Grnnts to institutions: The Charlty of Thom•5 Oken ISWMlndl Lord Leycester Hospital 3,865 19051 5,0 2,960 Grants to individuals 8,5 8,5CKI 13.5 11,460 None of the Trustees lor any persons connected with theml recèived any remuneratlon. benefits or reimbursed expenses from the Charity during the year12024- £nill. Employees The average monthly number of employees durin8 the year was= 2025 Number 2024 Number Total There were no employee5 whose annual remuneration more than £60,CQO. 12.
WARWICK UNITED CHARITY NOTES TO THE FINANCIAL sfATEMENTS ICONTINUEDI FOR ThIE YEAR ENDED 32 DECEMBER 2025 Governance and Administration cost9 Uwestricted Unreslricted nd5 funds genefal general 2025 2024 Clerk's fees Independent examlnerfees Legallplanning and professlonal fees 15,000 3,766 3,575 12.500 3.342 472 22,341 16.314 Investments held and managed by CCLA are subject to central fund management charges which are nol specrfically allocated to the indlvlduol tharities invested in their fund5. The CCLA current publlshed rate of fund managemènt charge is 0.69% and 0.85% for ongoin8 charye5. 13-
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WARWICK UNITED CHARITY NOTES TO THE FINANaAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEM8ER 2025 11 Taxation The charity is exempt from taxation on Its activities because all its income Is applked for charltable purposes. 12 Impalrments Impalmient tests have been carried out where appropriate and the following impairment losses have been recognlsed In proflt or loss= 2025 2024 In respect ofr. Almshouse propertles 465,000 13 Tangible fixed amets IF¢thOl Land•r4b Aknthou*5 Cost or ¥aluation At I january 2025 75 400,(N]O 485,0 885,075 At 31 December 2025 75 400,C(JO I85,0 885,075 Corrying arnount At 31 December 2025 75 400,crf)O 485,LlJO 885,075 At 31 December 2024 75 400.0(Y) 485,thJO 885,075 Westgate Almhouses and fibbrt5 Court were revalued at 13th May 2025 by Paul A Britten B.Sc. FRICS Ichartered Surveyorsl. Independent 1ver5 not connerted with the Charlty based on a a 33% reduction from market value to refled the Almshouse actlvitv. At 31 December 2025, had the revalued assets been carried at historic cosi less èccumulated depreciation Irf depreclatlon deemed appropriatel and accumulate(l impairment losses. theSr carryi amount would have been approximately £228,58812024- £228,588). 15.
WARWICK UNITED CHARITY NOTES TO THE FINANaAL STATEMEl+JTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 14 Investmettt property 2025 Fair value At l January 2025 and 31 December 2025 173,7CKI Investment property comprI5e5 freehold land held at Barford. In 2023 the Trvstees entered Into a conditional sale agreement wrth regards to the land, which was subject to satisfact*)n of certain conditions. Sub5equenl to the Balance Sheet date, the Trustees have entered into a new supplementary unconditional sale a8reement. for a consideratlon of £1.284.5C(l and a completlon date of 30th September 2026. 15 Flxed asset Investments Unllsted In¥e5tments Cost or valuatlon At l January 2025 & 310ecember 2025 Valuatlon changes 1.165,719 147,6961 Carrying èmount At 31 Dècèmber 2025 1,118.023 At 31 December 2024 1,165,719 16-
WARWICK UNITED CHARITY NOTES TO THE FINANCIAL STATEMENT5 ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 15 Hxed asset investments Icontlnuedl 2025 2024 Fund Investments at falr value comprlse.. 16,783.46 Charitie5 Officlal Investments Fund Income Share5 L856.55 Charities Officlal Investments Fund Income Sh3resEndowment 6.837.70 Chaiities Officlal Investment Fund Incorne 5hare5 Unrestricted 1.096.05 Charitles Officlal Investment Fund Accumulation Designated Shares 9.922.22 Charlt5es Offi¢l81 Investment Fund Iricorne shares Endowment 1,378.50 Charities Official Investment Fund Inwme 5hare5 Unrestricted 6,519.15 Charities Officlal Investment Fund Inrne Sha$ Endowment Endowment 324,288 35,872 132,117 340.592 37,675 138,760 280,079 193,069 26,635 125,962 285,648 202.775 27,974 132,295 1,118.022 1,165,719 16 Debtors 2025 2024 Amounts fa115n8 due wlthln one year: Other debtor5 Prepayments and accrued in¢offle 4,029 2,073 4,390 1,116 6.102 5.506 17 Loans and 0rdraftS 2025 2024 Other loans 14,175 20,475 Payable within one year Payable after one year 6.3(NJ 7,875 6,300 14.175 During the year ended 31st December 2017 the charlty received two loans of £31,5(K) each from the Almshouses Association. The loans are due to be repald in twenty equal Instalments of £L575 each within ten year5 of the first payment falling due. No interesi 15 due on the loan. 17-
WARWICK UNITED CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED31 DECEM8ER 2025 18 Credltors,. amounts falllni due wlthln one year 2025 2024 8orrowin8S Accruals and deferred income 6.3CKJ 34,091 6.300 32.178 40,391 38,478 Included within Accruals and deferred income, 15 £140 12024- £1,227) of deferred Income, whlch relates to contrlbutlons pald In advance. grant commitments of £nll12024.. £nlll and a £15.00012024'. £15.CWI deposit received forthe sale of land. 19 Creditors.. amounts fallln8 due after more than one year 2025 2024 Borrowings 7,875 14,175 20 Endowment funds Endowment funds represent assets whlch must be held permanentty by the Charlty In accordance wtth the Trust Deed dated 9th September 1977. Income arlsing on the endowment funds be used in attordance with the objecls of the Charity and is included a5 unrestricted income. Ary capital gains or 1055es arlsin8 on the assets form part of the fund. BJlinrett 15¥ iJ&hL*ry2025 3IDe£eThbew 2$ Permanent endowments Housing Properties Other Freehold Land Fixed Asset Investments 1.350.000 1465,0001 885.000 173,775 173,775 697.579 713.337 885.OC(I 173,775 134,1461 679,191 15.758 2.221.354 1449,2421 1,772,112 134,1461 L737,966 18.
WARWICK UNITED CHARITY NOTES TO THE FINANCIAL ATEmENTs (CONTINUED) FOR ThIE YEAR ENDED31 DECEM8ER 2025 21 Unrestrlcted funds- desl8hated These are unrestricted funds whith arè material to the Charity's activitles. At l January 2025 G4in5 and 1055es At31 December 20Z5 Extraordinary Repalr Fund Development Fund 217.807 67,841 14.2461 11,3231 213,561 66,518 285,648 15.5691 280,079 Previous year: At l January 2024 Galns and 10$5e5 At31 Dember 2024 Extraordinary Repair Fund Development Fund 207.264 64,557 10.543 3.284 217,807 67,841 271,821 13,827 285,648 The Extraordinary Repair Fund and The DelOpment Fund are designated reserves. The purpose of these fund5 15 a5 described in the Trustee's Annual Report. 19-
WARWICK UNITED CHARITY NOTES TO THE FINANCIAL STATEMENTS (COTrlllNUED) FOR THE YEAR EIVDED31 DECEMBER 2025 22 Anafys15 of net assets between funds Unrestrlcted Unrestrlrted Endowment funds funds fund5 general de5ignat8d 2025 2025 Totsl 2025 2025 At 31 December 2025: Tangible assets Investment propertie5 Investment5 Cuttent assetsllllablllties) Long temi liabilbties 885,075 173,7 679,191 885,075 173,700 1.118,023 63,314 17H751 158,753 63.314 17,8751 280,079 214,192 280,079 1,737,966 2.232,237 Unrestrlcted Unrestricted Endowment funds funds general designated 2024 Z024 Total Z024 2024 At 31 December 2024: Tar6ible assets Investment properties Investments Current assetsllliabilitiesl Long term liabilrties 885,075 173.700 713,337 885,075 173,700 1.165,719 50,247 114.1?51 166.734 50,247 114,1751 285.648 202,806 285.648 L772,112 2.260.566 23 Related party transact10Th5 There were no disclosable related party transacth)n5 during the year12024: £nill. -20-
WARWICK UNITED CHARrrY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEM8ER 2025 24 Cosh 8enerated from a¢livltles 202S 2024 (Defxitllsurplus forthe year 19.367 21.770 Movements in working capltal.. Increasel/decrease in debtors Increaselldecreasel in credito 15961 1.913 2,303 IL0601 Cash genernted Irornllabsorbed by) actibryties 20,684 23,013 Almshouse loan repayments 6,3001 16,3001 Increa5e/ IDecreasel Sn cash 14,384 16,713 .21.