REGISTERED CHARITY NUMBER.. 217605 RAVENSTONE HOSPITAL ALMSHOUSE CHARITY REPORT OF THE TRUSTEES ANO UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
RAVENSTONE HOSPITAL ALMSHOUSE CHARITY CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 Page Rort of tho Truste•s Independent Examinorfs Rèport ststèment of Financial A¢tlvltles Balancè Sheet Notès to the Flnan¢lal Stat8m•nts 6 to 13 Detail•d Statement of Flnoncial Activities 14 to 15
RAVENSTONE HOSPITAL ALMSHOUSE CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2025 The trustees present their report with the financial statements of the charity lor the year ended 3r1 June 2025. The trustees have adopted the provisions of Accounting and Repon9 by Ch8rrttes". Statement of Recommended Practice applicable to charities pparIng their accounts in accordan with the Financial Rèporting Standard applicable in the UK and Rtspubl of Ireland {FRS 102) {effectivg 1 January 20191- 08JECTIVES AND ACTIVITIES The purpose of the Charity is to provide accommodation for women in need wf(h preferenc9 given lo persons rgsidenl or connected rith the local villages. In addition the Trustees seek to ensure that the historic property of the Charty including its Chapd maintained and used as an asset lo Ravenslone Village and community. Copies of the Summary Guidanc8 on Public Benefit ISSU by the Charity Commission have been supplled to all Trustees who undertake regular reviews al meetin9S. The ¢osts of the Charity are met from Ihe Monthly Maintenance Charges paid by the Residents and investment income. At present the Charity does not undertake external fund raising and il does not make grants. ACHIEVEMENTS AND PERFORMANCE DuTing the year under rewew the Trustees continued to provide Iwenty-five almshouse flats for qualtfying residents supervised by a resident Warden. The almshouses were lulty oCcupij at the beginning of the year. One flat was vacant in June 2025. The maintenance of the almshouses and their facilities is funded by a Monthly maintenan Charge paid by the residents together with income from investments belonging to th8 Charity. Throughout the year the Trustees continued lo manage the funds for the benefit of the Charity. In the past repgirs have been #Igntffied and comp18ted as required. A full Quinquennial insp8Ction was undertaken in 2022 and now forms 8 basis for a future programme which is in course of preparation. Following a Revi8w ol Governance by consultants in 2020 formal H8a1th & Saf8ty Policy and S8feguarding poliei8s have been adopted. Further enquiries in relation to Grants and Funding for future proj8ets are now in contemplation. The Trustees will continue lo 1{ IhÈ obligations of the Charity in the provision of almshouse a0mModation. where necessary refurbishment and improvement of the flats is undertaken 8S they fall vacant to improve their attraction to new occupiers. Fire and Electrical safety improvements as well as noise insulation were carried out during the Gourse ol the year and other works to meet modefn energy requirements will be carried out as funds perniit. A new careline system has been installed in all flats. Charges to residents w8re revised in 2025 resulting in in¢reasÈd revenues and will now bè reviewed 8nnually in the future lo align with the Local H(sIng Mlowance paid to Claimants by the Local Authority. FINANCIAL REVIEW Reserves policy The Charity reiains adequate reserves lo support the day-to-day running of the almshouses and any unforeseen emergency expenditure. Further major oxlernal repairs wlll only be undertaken when adequate funding has been onlirmed. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a Charity Commission scheme dated 13 November 2001, and constitutss an unincorporated charity. Page 1
RAVENSTONE HosprrAL ALMSHOUSE CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appolntmènt of new trustees The charity has len elected w-opted Iruslees together wlth Iwo nominated trustees appointed by North West Leicestershire District Council. There were two vacancies for co-opted TrLtstèès al 30th June 2025. Appropriate ¢an¢Jidates are being sought. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 217605 Prlnclpal address la Ravenstone Court Hospital Lane Ravenslone Ctsalville LE67 2BX Trustees Mr J Paine Mrs C M Screaton (resigned 30.11.241 Cllr N Smith Mr P N Tudor-Jones Mrs R Riley Mr G M Braithwaite Mr N J Easts¥ood Mr E G C Allman Cllr J Simmons D Bates Mrs L Cure Independgnt Examinor G S Gilbert FCA CAMERON HUGHES LTD Chartered AccDuntsnts 16 Jubilee Parkway Jubilee Busingss Park Derby Derbyshire DE214BJ Approved by order of the board of trustees on ..Iq4L fyL . and sKJned on its behalf by. Mr G M Braithwaite- Trustee Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RAVENSTONE HOSPITAL ALMSHOUSE CHARITY Independent examlner's report to the tru$tee$ of Rav8nstone Hospltal Almshouse Charity I rew)rt to the charity trustees on my examinab.on of the 8cco¢Jnts of Ravenstona Hospital Amshouse Charlty Ilhe Tru8tl for the year ended 30 June 2025. Responsibilitles and basis of report As the charity trustees of the Trust you are r8sp¢Msibla for the preparatlon of the accounts in accordance with the requirements of the Charilies Act 2011 {'Ihe Act'}. I report in respect of my examination of thè Trusfs accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicablè Directions given by the Charity CommissK)n unde¥ Section 14515}Ib} of the Act. IndepÈndent examln•rf5 Statement I have wmpleted my examination. I confirrn that no malerkil matters have Come lo my attention in connection with the examination glving me cause to believe that in any material respect.. accounting records were not kept in respect of the Trust 8$ required by Section 130 of the Act., or the accounts do not accord with those records", or thè accounts do not complywilh the applicable requirements concerning the form and Content of ac¢ounls set out in the Charities IA¢counts and Reports) Regulations 2008 other than any requirement that the accounts give a true and falr view which is not a matter considered as part of an independont èxamination. I have no COnmS and have come across fK) other matters in connection with the examination to whith attention should be drawn in this report in order lo enable a proper understanding of the accounts to be reache(l. G S Gilbert FCA CAMERON HUGHES LTD Chartered Accountsnts Date.. Page 3
RAVENSTONE HOSPITAL ALMSHOUSE CHARI STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2025 2025 Total funds 2024 Total funds Unrestrict8¢J funds Restri¢ted funds Endowment fund Notes INCOMEAND ENDOWMENTS FROM Charitable activities Rents ceivab. including heating 114,228 114,228 1LX),486 Investment income (Xher income 9.399 150 9.399 150 9,243 12 Totsl f23,777 123.777 109,741 EXPENDITURE ON Raising funds 12 Charitablè actlvities Rents r8¢eivable, including healing 120.275 120,275 93,610 Other 2,707 2,707 Total 122,982 122.982 93,622 Net gains on investments 260 1,411 1,679 13,586 NET INCOME 1,055 1,411 2,474 29,705 RECONCILIATION OF FUNDS Total funds brought forwaid 669,779 4,494 306 674,579 644,874 TOTAL FUNDS CARRIED FORWARD 670.834 5.905 314 677,053 674,579 The notes forvn part of these financial statements Page 4
RAVENSTONE HOSPITAL ALMSHOUSE CHARITY BALANCE SHEET 30 JUNE 2025 2025 2024 Notes FIXED ASSETS Tangible assets Investments 400.000 201,563 400,000 199.884 601,563 599,884 CURRENT ASSETS Debtors Cash at bank 26,507 76,375 26.507 75,826 102,882 102,333 CREDITORS Amounts falling due within one year 121,3161 121,712) NET CURRENT ASSETS 81,566 80,621 TOTAL ASSETS LESS CURRENT LIABILITIES 683,129 680.505 ACCRUALS AND DEFERRED INCOME 10 16,076} 15,9261 NET ASSETS 677,053 674,579 FUNDS Unrestricted fun(Js'. General fun Cyclical repair fund 12 633,128 37,706 633,544 36,235 670,834 669,779 Reslricled funds.. Extraordin8ry repair fund Endowment ftjnds: Lady Jessie Turner Bequest 5,905 4.494 314 306 TOTAL FUNDS 677,053 674.579 The fin ancial statements were approved by the Board of Trustees and authoiised for issue on 2G"Z . and were signed on rts behasf by.. Mr G M Braithwaite - Trustee The notes form part of these financial statements Page 5
RAVENSTONE HOSPITAL ALMSHOUSE CHARITY NOTES TO THE FINANCIAL STATEMEI4TS FOR THE YEAR ENDED 30 JUNE 2025 ACCOUNTING POLICIES B¥sis of preparlng the financlal statements The fi'nancial stateménts of the charity, which is a public benefit enlty under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 Accounting and Reporting by Charities". Statement of Recommended Practice applicab to charities preparing their a¢¢ounis in accordance with thè Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Irelar)d' and thè Charities A¢t 2011. The financial statements have been prepared Ljnder the historical cost ¢onverrtion, with the exception of investments which are included at market value. as modified by the revaluation of certain assets. Income All income is recognised in the Stslement of Financial Activities once the charrty has enlillement to the funds. it is probable that the income wll be received and the amount can be measurèd reliably. Expenditurè Liabilities are re¢ognised as expenditur$ as soon as there is 8 legal or constructive oblig81i¢M committing the charity to that 8xpendilure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified Ljnder headings that aggregate all cost related to the catègory. Where costs cannot be directty attributed to particular htsadings they have been allwaled to actwities on a basis ¢tsnsistenl with the use of Sou[GeS. Taxation The Gharity is exempt from tax on Its charttable activilles. Fund accounting UnreslrKled funds can be used Fn acrdanCe wth thè charitable objedives al the discretion of thè trustees. Restricted fund5 can only be used for particular reslricled purposes within the objects of the charty. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the r)atUTe and prse of each fund is indUdj in the notes to the financlal statements. INVESTMENT INCOME 2025 2024 IroMe from investments DepOt account interest 7,242 2,157 7,146 2,097 9,399 9,243 Page 6 continued...
RAVENSTONE HOSPITAL ALMSHOUSE CHARITY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees. remuneration or other benefits for the year ended 30 June 2025 nor for the year ended 30 June 2024. Trusts¢s' gxpense$ There were no trustees, expenses paid for the year ended 30 June 2025 nor for the year ended 30 June 2024. STAFF COSTS Thè avèrage monthly number of employees during the year was as follows: 2025 2024 Warden No employees received Èmoluments in axcass of £60,(X)O. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted funds funds Endowment fund Total funds INCOME AND ENDOWMENTS FROM Charltable actlvities Rants r8e8ivabl$, including healing 100,486 100,486 Investrnenl income Other income 9.243 12 9,243 12 Total 109,741 109,741 EXPENDITURE ON Raising funds 12 12 Charitable activities Rents receivable. including heating 93,610 93,610 Total 93,622 93,622 Nel gains on investments 10,948 2,619 19 13,586 NET INCOME Transfers between funds 27,067 (1,8751 2.619 1,875 19 29,705 Net movement in funds 25,192 4.494 19 29,705 Page 7 continLsed...
RAVENSTONE HOSPITAL ALMSHOUSE CHARITY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- continued Unrestricted Restrict8d Endowm8nt funds funds fund Total funds RECONCIUATION OF FUNDS Totsl funds brought forward 644,587 287 644,874 TOTAL FtINDS CARRIED FORWARD 669,779 4,494 306 674,579 TANGIBLE FIXED ASSETS Freehold property COST Al 1 July 2024 and 30 June 2025 400,000 NET BOOK VALUE AI 30 June 2025 400,WQ At 30 June 2024 400,000 The land and buildings reiale lo The Mmshouses al Ravenstone. The propety was revalued on 30 June 1999 by A R Argyle FRICS, on an open market basis. The Iruslees have considered thè above valuatio of the propety bul in view of the specialised nature of the land and buildings felt that no beneflt would be gained by having another fomial valuation. FIXED Ass INVESTMENTS Listed investments MARKET VALUE Al 1 July 2024 Revaluations 199,884 1,679 AI 30 June 2025 201,563 NET BOOK VALUE At 30 June 2025 201.563 At 30 June 2024 199.884 There were no investment assets outside the UK. pe8 continued...
RAVENSTONE HOSPITAL ALMSHOUSE CHARITY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025 XED ASSET INVESTMENTS- continued Cost or valuats.on at 30 June 2025 is represented by. Listed investmgnts Valuation in 2024 201,563 Investments are valued at market value as at the year end. DE8TORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Amount due from restricted fund PrepayTnents 21,316 5,191 21,316 5.191 26,507 26,507 CREDITORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 2025 2024 Trade creditors Amounts due to unrestrirted funds 396 21,316 21,316 21,316 21,712 10. ACCRUALS AND DEFERRED INCOME 2025 2024 Accruals deferred incoma 6,076 5.926 ANALYSIS OF NET ASSETS BETWEEN FUNDS 2025 Total funds 2024 Total funds Unrestricted funds Restricted funds Endowment fund Fixed assets Invesbnents Current assets Current liabilities Accruals and deferred Income 400.000 174.028 102,882 400.0 201,563 102,882 121,3161 400,000 199,884 102,333 121,7121 27,221 314 (21,316) 16,0761 16,076) 15,9261 670,834 5.905 314 677,053 674.579 Page 9 ¢ontinLted...
RAVENSTONE HOSPITAL ALMSHOUSE CHARIT NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025 12. MOVEMENT IN FUNDS Net movement in funds At 3016125 At 11T124 unrestricted funds Gèneral fund Cyclical repair fund 633,544 36,235 14161 1,471 633,128 37,706 669.779 Restrictsd funds Extraordinary ropair fund 1,055 670,834 4,494 1,411 5,905 Endowment funds Lady Jessie Turner Bequest 306 314 TOTAL FUNOS 674,579 2,474 677,053 Nel movement in funds, included in the above are as follows- IncomirvJ resources Rasour(*s expended Gains an¢J losses Movement in funds Unrastrlcted funds General fund Gyclical repair fund 122.306 1.471 1122,9821 260 14181 1,471 123,777 1122,9821 260 1.055 Rè$tri¢t•d funds Extraordinary Tepair fund 1,411 1.411 Endowment funds Lady Jessie Ture)er Bequest TOTAL FUNDS 123,777 1122,9821 1,679 2,474 Page 10 ¢onlinued...
RAVENSTONE HOSPITAL ALMSHOUSE CHARrrY NOTES TO THE FINANCIAL STATEMENTS - continuèd FOR THE YEAR ENDED 30 JUNE 2025 12. MOVEMENT IN FUNDS- continued Compar*ives for movement In fund5 Net movement in funds Transfers b¢tWQ8n funds Al 3016124 At 111123 Unrestrlcted funds Ganefftl fund Cyclical repair fund 609,017 35,570 26,402 665 11,8751 633,544 36,235 644,587 27,067 11,8751 669,779 Restri¢ted funds Extr)rdinary repair fund 2,619 1,875 4,494 Endowment funds Lady Jessie Turner Bequest 287 19 306 TOTAL FUNDS 44,874 29.705 674,579 Comparative nel movement in funds, Includ in the abovtr are as follows.. Incoming resources Resources expended Gains and losses IAovement in funos Unrestricted funds General fund Cyclical repair fund 109,076 665 193,6221 10,948 26,402 665 109,741 193,6221 10,948 27,067 Restrictèd fund$ Extraordinary repair fund 2,619 2,619 Endowment funds Lady Jessie Turner Bequest 19 TOTAL FUNDS 109,741 193.6221 13,586 29,705 Page 11 continued...
RAVENSTONE HOSPITAL ALMSHOUSE CHARITY NOTES TO THE FINANCIAL STATEMENTS - conlinued FOR THE YEAR ENDED 30 JUNE 2025 12. MOVEMENT IN FUNDS - ¢ontlnued A current year 12 months and prior year 12 monihs combined position is as follows-. Nel movement in funds Transfers beiween fut)ds Al 3016125 At 117123 Vnr•strlcted funds General fund Cyclical repair fund 609.017 35.570 25.986 2,136 11.8751 633,128 37,706 644,587 28,122 11,8751 670,834 Restricted funds Extraordinary repair fund 4,030 1,875 5,905 Endowmsnt funds Lady Jessie Turner Bequest 287 27 314 TOTAL FUNDS 644,874 32,179 677,053 A current year 12 months and prKJr year 12 months combined nel movement in funds, included in the above are as follows.. In¢(ing resourcès Resources axpèndèd Gains and Ioss8S Movement in funds Unrestricted funds General fund Cyclical repair fund 231,382 2,136 1216,6041 11,208 25,986 2,136 233,518 1216,6041 11,208 28,122 Rgstrl¢t8d fund$ Extraordinary repair fund 4,030 4.030 Endowment funds Lady Jessie Turner Bequest 27 27 TOTAL FUNDS 233,518 1216,6041 15,265 32.179 Restri¢ted funds- Extraordinary repair fund- these funds are allocated to meet the cost of exceptional items of maintenance of the Charitys PTopety. Page 12 contlnLd...
RAVENSTONE HOSPITAL ALMSHOUSE CHARITY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025 13. RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 30 June 2025. Page 13
RAVENSTONE HOSPITAL ALMSHOUSE CHARIT DETAILED STATEMENT OF FINANCIAL ACTlVtriES FOR THE YEAR ENDED 30 JUNE 2025 2025 2024 INCOME AND ENDOWMENTS Investment income Incomg from invtsstrnenls Deposit account int8rè$l 7,242 2.157 7,146 2,097 9,399 9,243 CharStable activities Rents receivable, includlng heallng 114,228 100,486 Other income Sale of b¢>oks 150 12 Total Incomlng rosources 123,777 109,741 EXPENDITURE Charitable activities Waoes and salaries Rates Insurance Electricity Telephone Miscellaneous expenses Repairs and maintenanGe Alarm system Fuel oil 17.029 9.921 3.723 2.372 4,851 1,346 35.898 4,148 25,607 16,260 8.332 3,593 3,368 4.601 959 29,060 2,074 15,903 104,895 84,150 Support eosts Finance Bank ¢hargQS 67 71 Governance costs Accountancy lThJependenl exomineT'S chargès Clerk's salary and expenses 1,320 1.320 15,380 1,245 1,245 6,911 18,020 9,401 Total resources expended 122.982 93,622 N•t income before gains and losses 795 16,119 This page Iloes Th)1 form part of the statutory financial statém8nts Page 14
RAVENSTONE HOSPITAL ALMSHOUSE CHARITY DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2025 2C)25 2024 R&alised re¢ogni$¥d gain$ and 10$$$$ Unrealised gains]losses on fixed assets investments 1,679 13,586 Not Income 2.474 29,705 This page does not form part of the statutory financial statements Page15