REGISTERED CHARITY NUMBER.. 217793
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
FOR
THE SCARBOROUGH MUNICIPAL CHARITY
Fortus Limited
Business Advisors & Accounlanls
5 & 6 Idonor Gorth
Manorcourt
Scarborough
North Yorkshire
YOI 13TU

THE SCARBOROUGH MLINICIPAL CHARITY
CONTENTS OF THE FINANCIAL STATEMENTS
Far The Yeai Ended 31 December 2024
Poge
Report of the Trustees
Independent Exomlner's Report
statement ol Flnanclal Aclfvttles
Balance Sheel
Notes lo the Flnanclal Slatements
7 10 15
Detalled Statement ol Flnanclal Acllvllle$

THE SCARBOROIIGH MUNICIPAL CHARITY
REPORT OF THE TRUSTEES
For The Year Ended 31 Decèmber 2024
The trustees present their report with the financial slolemenls of the chorily lor the year ended
31 December 2024. The Iruslees hove odopled the provisions ol Accounting ond Reporting by Charities:
Slalemenl ol Recommended Proclice opplicoble to chorilies preporing their accounls in occordonce
with the Finonciol Reporting Stonclord opplicoble in the UK and Republic of Ireland IFRS 1021 (effective I
January 20191.
OBJECTIVES AND ACTIVITIES
Oblectlve5 and alms
The chority hos the generol oim ol contributing to the quolity of life ol the people of Scorborough by
providing good quolity ollordoble occommodotion, grants lor education and training and to a5515t in the
purchase ol essential items. The Trust invites applications from individuals who meet the Trust's criteria and
detoils of how lo apply can be obtained by contacting the Trusts moin ollice.
$1gnlllcanl oclfvllles
The principal activity of the charity is the management ond adminislrolion ol chorilies. lor the benefit ol
almspeople. poor. oged ond blind residents ol the Borough ol Scorboiough. Benefits include the provision
of occommodotion oncl gronts lo ossist in the purch09e ol essential items ond those in need.
Pvbllc bene￿1
The Iruslees consider Ihol they hove complied with their duly to hove due regard lo the guidonce on
public benelil pvblishecl by the Chorily Commission in exercising their powe15 and duties, 0$ corn be seen
in the activities ond achievements above.
FINANCIAL REVIEW
Flnon¢lal posllion
The Iruslees are of Ihe opinion Ihol the chorily's finonciol position ol the balance Sheet clote is sotisloclory.
Significont work wos corried out over the course ol Ihe yeor on the properties. mainly on a new healing
system, new fire system and new barrier5. A transfer of £46.298 was made from the cyclicol rnainlenance
fund lo cover these costs.
Overoll unrestricted reseFve5 increased by £50.880 during 2024. The charily'5 investments incre05ed in value
by £169,737 over the year, os markets continued lo recover aller signiliconl drops were reported in 2022.
The Iruslees believe Ihol Ihere ore sufficient reserves loi the chorily lo continue ils chariloble octivities lor
the lore5eeable future.
Prlnclpol lundlng SOUf¢es
The chorily ruise5 Ils income from 115 residents ond its investmen15 which allowed the chority to meet ils
objectives during the year and to award grants 01 £9.120 in accordance wilh ils objectives. A transfer of
£35.460 was olso made lo the extraordinary repoir fund from the general fund.
Investment policy and objectives
Under the goveming document the charity ha5 the power lo invest in any way the Iruslees wish.
The trvstees, hoving regoicl to the liquidity requirement5 01 operoting the homes ond to the re5&rves policy,
keep ovoiloble funds in on interesl beoring deposit account, and the inve51ment5 are iegulorfy monitored
by the Iruslees.
Reserves p¢ll¢y
In recent yeors there has been consideroble volotility in the stock market and as a result the trustee5 have
odopled a PFudenl policy ol mointoining reserves ot a level lo meet one years running costs and high
property mointenance costs.
The reserves policy is monitored and reviewecl onnvolly by the Iiuslee5 and they consider thot this level will
ensure thot there ore Sufficient fund5 ovoilable to cover 5UPPOrt and govemance cost5.
Poge I

THE SCARBOROUGH MUNICIPAL CHARITY
REPORT OF THE TRiISTEES
For The Yeor Ended 31 December 2024
STRLICTVRE, GOVERNANCE AND MANAGEMENT
Govwnlng documenl
The Trust 15 on unincorporoted trust, the odminislralion and monagement of which ig in accorclonce with
the provision5 01 the scherne opproved by the Charity Commissioners on 9 August 2QK)5 and omended on
19 Morch 2024 and 14 June 2024.
RecruNment and appolntmenl ol new Iru5tees
The trustees previously included three nominated Iru51ees appointed by Scorborough Borough Council and
the Mayor ol Scarborough as an ex-ollicio Iruslee. Following Ihe creolion of the new combined authorily
of North Yorkshire Council. nominated tru51ees no longer sil on the board ol Iru5tees.
The remaining Iruslees mel on the 14 June 2024 ond agreed that seven Iruslees is sufficient lor the charity
lo run ellicienlly. Any lulLJre IrLJslees ore co-opted ond drown largely from the locol business community.
When considering co-opting trustees regaid is hod lo the requirement lor any speciolisl 5ki115 needed ond
the suilabilily ol all appliconls.
Organlsollanal slructure
The otloched occounls inclvde the results of oll chorities odminisl&r&d by the trustees ol The Scort)orovgh
Municipal Charity. These chorilies consist ol the Almshouse branch and the Relief in Need branch of The
Scarborough Municipal Chorily
Indu¢tlon und trolnlng of new trustees
New Iruslees ore briefed on their legal obligations Ljnder charity low, the conlenl ol the conslilulion. the
committee ond decision moking process. the business plon ond the recent finonciol perfomonce ol the
chorily.
Rlsk managemènt
The trustees hove considered the rnojor risks to which the chority is exposecl ond hove reviewed those risks
ancl established systems and procedures to monoge those risks. The risk monogement strotegy comprises
on onnuol review ol both finoncial ond rnon-linonciol risk5 to the chority.
A key element ol monoging financial risk is the selling ol o reseNes policy ond ils regular review by the
Iruslees.
REFERENCE AND ADMINISTRATIVE DETAILS
Reglslered Char￿Y numbèr
217793
Prfnclpal address
126 Falsgrave Road
Scarborovgh
North Yorkshire
Y012 58E
TfusI•ès
Mr W Cholt (Chairl
Mrs J H Jelle150n loppointed 8.8.241
Mr 6 S Pearson (resigned 26.4.241
Mr D Jellels lappoinled 8.8.241
Miss T Pickering
Mr M Smith Iresigned 31.7.241
Mrs C Gve5t Ivice Chairl
Mrs C Robert50n
Cllr. R Maw (resigned 23.4.241
Cllr. Mr S Shomo (resigned 23.4.241
Cllr. Mr E 8roadbent (Ex-officiol (resigned 23.4.241
Poge 2

THE SCARBOROUGH MUNICIPAL CHARITY
RepoRT OF THE TRLISTEES
For The Yeor Ended 31 December 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Independenl Examin•r
Ivlr P 8 Dixon ACA
Fortus Limiled
Business Advisors & Accountonls
5 & 6 Monor Gorth
Manor Court
Scarborough
North Yorkshire
YOI 13TU
Approved by order of the board of Irusle&s on 24 April 2025 ond signed on its beholl by..
Mr W Chall - Tru51ee
Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE SCARBOROUGH MUNICIPAL CHARITY
Independent exomlner's report to the tsustees d The S¢orborough Munl¢lpol Chorlty
I report lo the charity Iruslees on my examination ol the accoun15 01 The Scarborough Municipal Chority
Ilhe Trust) for the yeor ended 31 December 2024.
ResponslblSltles and bas15 of Feport
As the charity Iruslees of the Trust you are responsible lor the preporalion ol the account5 in occordonce
with the requirements ol the Chorilies Act 2011 I'lhe Acl'l.
I report in respect ol my examinolion ol the Trust's accoun15 carried out under Section 145 01 Ihe Act and in
corrying out my exominolion I hove followed a51 opplicoble Directions given by the Charity Commission
under Section 145151 Ibl ol the Act.
Independenl examlnèr's slatemènl
I hove completed my exominolion. I confirm Ihal no molerial mallers hove come lo my allenlion ir)
connection with the exominotion giving me couse to believe thot in ony moteriol respect..
occounling records were not kept in respect of the Trust os required by Section 130 of the Act., or
the occounts do not occord with those recorcls., or
the accounts do not comply with the opplicoble requiremenls conceming the form ond conlenl of
accounts sel out in the Charities IAccounls and Report51 Regulation$ 2008 other thon ony
requirement thot the occounls give a true ond loir view which is not o moller considered as part of
on independent exominolion.
I hove no concerns ond have come across no other mattets in connection with the exominotion to which
ottention shoulcl be clrown in this report in order lo enoble a proper understonding ol the accounts to be
reached.
Mi P B Dixon ACA
Fortus Limited
8usirnes5 Advi50fS & Accountonts
5 & 6 Monor Garth
Manor Court
Scorborough
North Yorkshire
YOI 1 3TU
24 April 2025
Page 4

THE SCARBOROUGH MUNICIPAL CHARITY
STATEMENT OF FINANCIAL ACTIVITIES
For The Year Ended 31 December 2024
2024
Totol
fLJnds
2023
Tolol
funds
Unreglricled
funds
Restricted
fund
Endowment
fund
Notes
INCOME AND ENDOWMENTS
FROM
Charllable actlvltles
Scorborough Municipal
Chorilies
177.345
177.345
169,422
Investment income
68,957
68,957
61,402
Total
246.302
246,302
230,824
EXPENDITURE ON
Charllable ac15vllles
Scarborough Municipal
Charities
164,853
164.853
l(X),012
Net gains on investments
5,996
139.534
24,207
169,737
323,127
NET INCOME
Translers beh¥Èen funds
87,445
136,5651
139,534
35,460
24,207
251.186
453,939
Net movement In fvnds
50.880
174,994
25,312
251,186
453.939
RECONCILIATION OF FUNDS
Total funds brought forward
843.917
2.641,065
969.961
4.454.943
4,(Y)l.(K14
TOTAL FUNDS CARRIED
FORWARD
894.797
2.816,059
995.273
4.706.129
4.454.943
The notes lom part of these financial slalemenls
Page 5

THE SCARBOROUGH MUNICIPAL CHARITY
BALANCE SHEET
31 December 2024
2024
2023
Notes
FIXED ASSETS
Tongiblè 055ets
Inveslmenls
10
197,885
3.868.632
197.885
3,663,435
4.066,517
3.861.320
CURRENT ASSETS
Debtors
Cash at bank and in hand
4.419
718.829
4,287
678,913
723.248
683,2(M)
CREDITORS
Amounts lolling due within one year
119,3261
NET CURRENT ASSETS
708,629
6￿.874
TOTAL ASSETS LESS CURRENT LIABILITIES
4,775,146
4.525.194
CREDITORS
AmoLJnls lolling due olter more thon one
yeor
169,0171
170.2511
NET ASSETS
4,706,129
4.454.943
FUNDS
Unreslricted funds
Reslricled funds
Enclowmenl funds
894.797
2,816.059
995,273
843.917
2.641.065
969.961
TOTAL FUNDS
4.706.129
4.454.943
The linonciol statements were opproved by th& Board ol Trustees ond outhorisecl lor issue on 24 April 2025
and were signed on it5 beholl by:
Mr W Chall - Truste8
The notes form part ol these finonciol slalemenls
Page 6

THE SCARBOROUGH MUNICIPAL CHARITY
NOTES TO THE FINANCIAL STATEMENTS
foT The Year Ended 31 December 2024
ACCOUNTING POLICIES
Bosls ol preparlng the flnunclal 5tolements
The financial slalemenls of the chorily. which is o public benefit enlily Ljnder FRS 102. hove been
prepared in occordonce with Ihe Chorilies SORP IFRS 1021 'Accovnling oncj Reporting by Charities-.
Statement of Recommended Practice applicable lo charities preparing their accounts in
occordance with the Financial Reporting Slondard applicoble in the UK ond Republic ol Ireland
IFRS 1021 lelleclive l Jonuory 20151 ond the Chorities Act 2011. The linonciol stolemenls hove been
prepared under the hisloricol cost convention W￿th the exception of investments which ore included
al market value.
Flnon¢lol reportlng stondoid 102 redv¢ed dlsclosure exemptlons
The chority ha5 token odvontage ol the following disclosure exemplion in preparir)g these financiol
51alemenls, as permilled by FRS 102 'The Finonciol Reporting Stondord opplicoble in the UK and
RepLJblic of Ireloncl.:
the requirements of Seclion 7 Slalement ol Cash Flows.
Income
All income is recognised in tho Slalemenl ol Finonciol Aclivilies once the chorily hos enlillemenl lo
the ILJncls, il is probable Ihot the income will be received ond the omount con be meosured
reliobly.
Expendllui•
Liobilities ore recognised 0$ expenditvre 0$ soon 05 there 15 0 legal or conslnJctiv& obligotion
committing the charity to thot expenditure, It is probable Ihol a Iransler ol economic benefits wil
be reqLJired in settlemenl oncl the omounl ol Ihe obligotion con be meosured reliobly. Expenditure
is occounted lor on on occruols bosis and hos been clossilied under heading5 thot oggregote oll
cost reloted to the cotegory. Where costs cunnot be directly ottributed lo particuloi heodings they
hove been allocated lo activitie5 on a ba515 consistent wilh the use ol resources.
Gronls offeied gubject lo conditions which hove not been met at the year end dote are notecl 0$ a
commitment bul not accrued as expenditure.
Tanglblè Ilxed ossets
Depreciation is provided ot the following annual rates in order lo write off each asgel over 115
estimoled useful life.
Fixlures ond fittings
20% on reducing bolonce
The property held by the trust 15 used enliieSy lor direct charitable purposes. The Charity h05 token
advantage of FRS102 Iran51tional relief to use a valuation os deemed cost.
Toxullon
The charity is exempl from lax on ils charitable aclivilies.
Fund o¢¢ounllng
Unrestricted ￿ndS con be used in occordonce with the choritable objectives ot the discretion ol
the tru5tee5.
Restricted funds con only be used lor porticulor restricted pvrposeg Wlthin the objects of the chorily.
Restrictions arise when gpecified by the donor or when fund5 are raised foi porticulor restricted
purposes.
Further explonotion ol the nolvre ond purpose ol eoch fund is included in the noles lo the finonciol
stolements.
Poge 7
continued...

THE SCARBOROUGH MUNICIPAL CHARITY
NOTES TO THE FINANCIAL STATEMENTS ¢onllnued
For The Veor Ended 31 December 2024
ACCOUNTING POLICIES - conllnued
Penslon Costs ond other post-retiremenl benelits
The charity operoles a defined contribution pension scheme. Conliibulion5 poyoble to the chorily's
pension scheme are charged lo the Slalemenl of Financial Activities in the peTrod to which they
relote.
INVESTMENT INCOME
2024
2023
Inve51ment income
68,957
61,402
INCOME FROM CHARITABLE ACTIVITIES
2024
2023
Activity
Scarborough Municipal Chorilies
Residents lees
177,345
169.422
CHARITABLE ACTIVITIES COSTS
Gront
funding of
activities
(see note
Direct
Costs (see
nole 51
Support
costs Isee
note 71
61
Totals
Scarborough Municipal Charities
150.453
9.120
5.280
164,853
DIRECT COSTS OF CHARITABLE ACTIVITIES
2024
2023
Stall costs
Rotes ond woter
Insurance
Light and heal
Telephone
Slotionery, postoge ond odverts
Repairs and renewals
Gordening
Licences ond subscriptions
Sundry expenses
Warden call
Payroll costs
Bonk charges
Interest payable and similar chorges
30.861
13,65
6.493
9.303
606
1,333
72.996
3.250
984
137
1.503
644
605
8.086
28.364
5.938
12.442
558
932
14,061
3.075
623
1,097
567
586
8.202
150.453
87,882
Poge 8
continued...

THE SCARBOROUGH MUNICIPAL CHARITY
NOTES TO THE FINANCIAL STATEMENTS - conllnued
For The Year Ended 31 December 2024
GRANTS PAYABLE
A breakdown of grants poyoble is os follows-
2024
2023
Gronts poid lo individua15
Gronts paid lo institutions
5.570
3.550
9.120
SUPPORT COSTS
Governance
costs
Scorborough Municipol Chorities
5,280
Support cosls, included in the above, ore os 1011ows:
Govemonce costs
2024
Scarborough
Municipal
Chorities
2023
Total
octivities
Accounloncy lees
5.280
5.130
rRUSTEES' REMUNERATION AND BENEFITS
There were no Iruslees, remuneration or other benefi15 lor the year ended 31 December 2024 nor lor
the yeor ended 31 December 2023.
Trustees. expense5
There were no truslees, expenses paicl Iof the year ended 31 December 2024 nor for the year ended
31 December 2023.
STAFF COSTS
2024
2023
Wage5 and salories
Olhei pension costs
30.387
474
27,935
429
30.861
28,364
The overage monthly number ol employees during the year wos os lollow5'.
2024
2023
Administrator
Warden
Page 9
continued...

THE SCARBOROUGH MUNICIPAL CHARITY
NOTES TO THE FINANCIAL STATEMENTS contlnued
For The Yèor Ended 31 December 2024
STAFF COSTS - conlinved
No employees received emoluments in excess of £60,QX).
10.
TANGIBLE FIXED ASSETS
Fixtures
and
fittings
Freehold
property
Totals
COST
At l Jonuory 2024 ond
310ecember2024
197.885
2,020
199,905
OEPRECIATION
Al l Jonuory 2024 und
31 December 2024
2.020
2,020
NET BOOK VALUE
Al 31 December 2024
197.885
197.885
Al 31 December 2023
197.885
197.885
The property held by the ITus115 Used entirely lor direct charitable purpose5.
FIXED ASSET INVESTMENTS
Unlisled
investments
MARKET VALUE
Al l January 2024
Additions
RevalLJaliong
3,663,435
35,460
169,737
Al 31 December 2024
3,868,632
NET BOOK VALUE
At 31 December 2024
3.868.632
Al 31 December 2023
3,663,435
There were no investment assets outside the UK.
The investment portfolio consists solely ol COIF Charities Inveslmenl Fund accumulalior) ond income
units.
Page 10
conlinued...

THE SCARBOROUGH MUNICIPAL CHARITY
NOTES TO THE FINANCIAL STATEMENTS - Contlnued
For The Year Ended 31 December 2024
12.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Debtors and prepayments
4.419
4.287
CASH AT BANK AND IN HAND
2024
2023
Cyclicol
Mainlenonce
fund
General
fund
Tolol
funds
Tolal
funds
Cosh in hond
Current occounl
Cyclical mointenonce fund
General deposit occount
50
109,901
109,901
313,871
295.007
120.949
292.480
265,469
313,871
295,￿/
Total
404.958
313.871
718.829
678.913
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
other loans Isee note 161
Creditors and occruols
1,234
13.385
18.221
14.619
19.326
15.
CREDITORS-. AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024
2023
Other loons lsee note 161
69,017
70,2SI
16.
IOANS
An anolysis of the malurily of loans is given below=
2024
2023
Amoun15 folling due within one year on demand..
Housing corporation loan
1.234
1.105
Amounts lolling between one ond two yeors..
Housing corporation loan
1.378
1.234
Amounts falling due between two ond live yeors..
Housing corporolion loon
5.180
4,638
Amounts lolling due in more than live years:
Repoyoble by inslolments..
Housing corporation loan
62.459
64.379
Page 11
continued...

THE SCARBOROUGH AIUNICIPAL CHARITY
NOTES 10 THE FINANCSAL STATEMENTS - contlnued
For The Yeor Ended 37 Docembei 2024
17.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
2024
Total
funds
2023
Tolol
funds
Unreslricled
funds
Reslricled
fund
Endowment
fund
Fixed assets
Investments
Current ossels
Current liobilitieg
Long term liabilities
197.885
867,639
197.885
3,868,1￿2
723,248
197,885
3,663,435
683.200
119.3261
170,2511
184.934
723,248
113.3851
2.816,059
11.2341
169,0171
169,0171
894,797
2.816.059
995.273
4.706.129
4.454.943
18.
MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
between
funds
Al
31 12.24
Al 1.1.24
Unrestricted fund$
General fund
Cyclical Maintenance fund
551,437
2.480
118.254
130.8091
188.7651
52.2CM)
580.926
313,871
843,917
87,445
136.5651
894.797
Restrlcled funds
Extraordinary repair fund
2.641.065
139.534
35,460
2,816.059
Endowment funds
Capital accounts
969.961
24.207
1.105
995.273
TOTAL FUNDS
4.454.943
251.186
4.706.129
Nel movement in funds, included in the obove are os follows:
Incoming
resources
Resource5
expended
Gains and
losses
Movement
in fLJnds
ilnreslrl¢led funds
Generol fund
Cyclical Moinlenance fund
230.813
15.489
1118.5551
146.2981
5.996
118.254
130.8091
246,302
1164,8531
5,996
87,445
Resfrlcted lunds
Extroordinory repair fund
139.534
139.534
Endowment funds
Copitol occounts
24,207
24,207
TOTAL FUNDS
246,302
1164,8531
169,737
251,186
Page 12
continued...

THE SCARBOROUGH MUNICIPAL CHARITY
NOTES TO THE FINANCIAL STATEMENTS . contlnued
Fovlhe Year Ended 31 December 2024
18.
MOVEMENT IN FUNDS- conllnued
Comparallves for rnovemenl In Ivnds
Nel
movement
in funds
Transfers
between
funds
At
31.12.23
Al 1.1.23
Llnrestrieted Ivnds
Generol fund
Cyclicol Moinlenonce fund
517,095
231,451
122,991
10.829
188,6491
50.2(KI
551.437
292.480
748.546
133.820
138.4491
843.917
Restrlcled funds
Extroordinary repair fund
2.323.124
280.481
37.460
2.641.065
Endowment funds
Capitol accoLJnlg
929,334
39,￿8
989
969.961
TOTAL FUNDS
4.001,004
453,939
4,454,943
Comparative nel movement in funds. included in the obove ore os follows:
Incomir)g
resources
Resource5
expend8d
Goins ond
losses
Movement
in funds
Unrestrlcled lunds
Generol fund
Cyclical Mointenonce fund
219.995
10.829
I I QK),0121
3.008
122.991
10,829
230,824
3,￿8
133,820
Restricted funds
Extraordinary repoir fund
280,481
280,481
Endowmenl lunds
Copitol accounts
39.638
39.638
TOTAL FUNDS
230,824
1100,0121
323.127
453,939
Poge 13
conlinved...

THE SCARBOROUGH MUNICIPAL CHARITY
NOTES TO THE FINANCIAL STATEMENTS - conllnuèd
For The Year Ended 31 Dècèmbev 2024
18.
MOVEMENT IN FUNDS - ¢onllnved
A current year 12 months and prior year 12 months combinecl position is as follows:
Net
movemenl
in Ivnds
Tronglers
between
luncls
At
31 12.24
At 1.1.23
Unrestrleted lund$
Generol fund
Cyclicol Mointenonce fund
517.095
231,451
241,245
119.9801
580,926
313.871
102,4CK)
748.546
221.265
175.0141
894.797
Restrl¢ted funds
Extroordinory repoir Ivnd
2.323,124
420.015
72,920
2,816.059
Endowment funds
Capital occounls
929,334
63.845
2.094
995,273
TOTAL FUNDS
4.001.CK)4
705.125
4.706.129
A cuirent yeor 12 months and prior year 12 months combined nel movement in funds. included in
the above are a5 1015ows'.
Incorning
resources
Resources
expended
Gains and
losses
Movement
in funds
Unfestrlcted funds
Generol fund
Cyclical Maintenance fund
450,808
26.318
1218.5671
146.2981
9,CO4
241.245
119.9801
477.126
1264,8651
9,004
221,265
Resfrlcled funds
Extraordinary repoir fur)d
420.015
420.015
Endowment funds
Copitol accounts
63,845
63,845
TOTAL FUNDS
477.126
1264.8651
492.864
705.125
The Cyclical Maint&nance Fund is o designated fund lo cover items of repair that occur over a
regular cycle. The funds ale ovoiloble for use ol the discretion ol Ihe Iruslees and onnuol
oppropriotions ore mode to this fund 0$ considered necessary.
The Extraordinary Repoir Fund wos established lo fund extraordinary items ol repair expendilure.
improvements or rebuilding ol the homes.
Annual appropriolions are made to this fund as
considered necessary by the Iruslees. Transfers ore mode from the funds to covei exceptional
expendilure. The funds ore represented by fixed ossel investments.
Poge 14
continued...

THE SCARBOROUGH MUNICIPAL CHARITY
NOTES TO THE FINANCIAL STATEMENTS - contlnued
For The Year Ended 31 De¢èmbei 2024
19.
RELATED PARTY DISCLOSURES
There were no reloled porty Ironsoclions for the yeor ended 31 December 2024.
Page 15

THE SCARBOROUGH MUNICIPAL CHARITY
DEtAILED STATEMENT OF FINANCIAL ACTIVITIES
Foi Ihe Year Ended 31 December 2024
2024
2023
INCOME AND ENDOWMENTS
Investment Income
Ir)vestmenl income
68,957
61,402
Char5table actlvllles
Residents lees
177.345
169.422
Total Incomlng resources
246,302
230.824
EXPENDITURE
Chavllable oclhllles
Wages
Pensions
Rates and water
Insuronce
Light ond heot
Telephone
Slolionery. posloge ond adverts
Repoirs ona renewols
Gordening
Licences and svb5CriPtion5
Sundry expenses
Word6n call
Poyroll costs
Bank charges
Loon interest
Grants lo institutions
Gronts to individuols
30.387
474
13.652
6.493
9.303
606
1.333
72.996
3.250
984
137
1.503
644
605
8.086
3.550
S,570
27.935
429
5.938
12.442
558
932
14.061
3,075
623
1,097
567
586
8.202
7,0(X)
159.573
94.882
Support costs
Governance costs
Accountoncy fees
5.280
5.130
Tolol resources expended
164.853
100,012
Nel In¢ome
81.449
130.812
This poge does not form port ol the stotulory finonciol stotements
Page 16