Trustees. Annual Report for the period Period sm date end date COMMrss Yeaf 2025 Jan 31. From To Section A Reference and administration details Charlty name THE HORTON ALMSHOUSES Other names ¢harlty 1$ known by Registered charity number (Df any) 218452 Charftys prlnclpal address Dembleby House 12 Broad Street Spalding. Lincolnshire Postcode PE111ES Names of the charity trustees who manage the charlty Datès aetsd K not for WI￿1# Trusteg n•m• Offlu {Ifanyl Nam• ol pèrson {or body) enlltl¢d If#n Mr L J Brown Mr P Gleeson Mr S Wiseman Mr S Bladon 10 12 13 14 15 16 17 18 19 20 Narnes of the trustees for tho ¢harity. if any. Ifor example, any cuslodian trustees) Name Dates acted If not for whole ear TAR March 2012 Names and addresses of advlsers (Optional Infomialion) e of advlser Name Addrèss .egal Advisors Chattertons Dembleby House. 12 Broard Streey. Spalding PE11 1 ES lame of ¢hlef executlve or names of senlor staff mombers Ioptlonal Infornlallon) Section B Structure, overnance and mana ement Descriptlon of the charlty's trusts Deed of Conveyance Dated 12 September 1893. Wll Proved 28 April 1905 TyFe of goveming document How the charity is constituted Trust Trustee selection methston or Skirbeck. Summary of th• obJ•¢ts of tho charfty set out In its governlng document TAR March 2012 The Trust provides Ixjngalow accommodation for the elderly and infim who are inhabitants of the parishes of Boston or Skirbeck. The bungalows have orE bedroom. a bathroom. kitchen and loungeldiner. The bungalows have small lobby entrances There are small gardens to the front and rear of the bungakwls for the benefit of the inhabrtants. The inhabitants must be over Ihe age of 60 years or in the case of husband and wrfe, one of whom is over that age. Summary ofthe main aclSvltles undertakon for thè publlc benefll in relation to these objects (Include wlthln this section the slalutory declaralion that truslees have had regard to the guidance Issued by the Charity Commlsslon on public beneflt) The Charity pays for the annual servicing of the gas appliances in the bungalows. pays the annual water rates. The Charity pays to rnaintain and repair the ￿ngalOWS as and when required. The Charity is updating the central heab'ng systems with more efficient boilers when necessary. The Trustees have had regard to the guidance on public bengfit issued by the Charity Commission when exercising their powers and duties when relevant at their Trustee meetings. Additlonal detalls of objectives and activities (Optional inforn￿￿On) You may choose to indude fvrther 5tatenRnts, whe relevant, about- policy on grantmaking., policy programme related investment; contribution made by volunteers. TAR March 2012 Section D Achievements and performance Summary of the maln achlevements of tho charlty during the year During the year the bungalows have been kept in good order by a vari8ty of minor repairs and renewals being carried out throughout the year. During the year a further refurbishment of one the properties commenced. This is h0￿ftg to be completed by the end of 2026. The Trustees also considered the WMC payments as residents had been paying a low rate for many years in 2024 the rent increased to £62.50. and £84 for the refuthshed proFerties. From 0110112026 this will increase to £65.00 and £85.00. All residents have been a(fvised of the increase. The trustees are aware that some of the properties have an issue with damp. At this stage they feel the work is a major task and they will monitor and ￿VIeW in the future. DehumKlifier have been suggested to help recbfy the pro￿ern and the charity will make a contribution towards the running cost of thts rf necessary. TAR Marth 2012 Section E Financial review The pr¢)perties owned by the trust are intended to be held indefinitely for the furtherance of the goals of the Charity. The Trust holds investments wrth the intent of generats'ng income to enable the Continual repairs required to keep the properties in good condition. The Trust retains MOn￿S held on behalf of the Charity in interest bearing accounts. Brief statement of the charity's policy on reserves Detalls of any funds materlally in doficit nla Further financial revlew detalls Ioptlonal Inforniatlon) The rent has been slohtly increased to fefiect th8 new work done to the Properties. The trustees have also made the decision to no longer pay the T V LI￿nCe on behalf of the residents. From 0110712025 it has been decided to no longer pay the water bills. Due to the large refurbishment costs on several of the properties over the last few years, the trustees feel that th8 reserves need to be buili up again. An amount was taken from the invèstment to cover some of the larger o)sts of the refurt)ishment. You may choose to include additional information, where relevant ab)ut= the charrty's principal sour￿$ of fu￿1$ (induding any fundraisingl., how expenditure has supported the key objectives of the charity; investment policy arKI objectives incIL￿Jlng any ethical investment policy adopted. Section F Other optional information Section G Declaration The Iruslees declare that they have approved the trustees. report above. Slgned on behalf of the charlty's trusteès ignature(s) Full name{s) Posltlon (eg Secretsry. Chalr. Mr S Wiseman Trustee Dale 4kn Fe1￿Uary 2026 TAR March 2012 Recelpts and payinents accounts CC16a For th• p•riod To 1STJAN 2025 31ST DEC 202S Section A Receipts and payments Unr•strlcted funds R•strlctsd Endowmont fiM￿S Total funds Last y•ar loth• Mw••t£ to th• n••rn*t£ A1 R•c• RENTNL RECEIPTS WAR STOCK IPIIEftEST BANK INTEREST DMOEND SNCI 11J Sub total(Gn)ss ulcome for AR) 31.97) A2 A•••t and In¥•slm•nt •al•s. INVESTMENTWtrHDRAWAL Sub tot•1 S.1(rf1 5.1 410• 44073 35.389 INSURMCE RATES AND CTAX LIGtrff AND NEAT TvL￿ETrKE ANAGEMENT FEES ACCOUNTANCY SUBSCRIPTIOMS REPARSAND RENEW￿6 REFURB COSTS SUNCffY 1.175 4.7 351 351 J,•oo 018 433 424 2SSOO 4631 15,534 931 37AO• Sub to 40A38 A4 A8s•t and in¥eslm•nt urchag•s, s•• tabl• Sub total 1.11&00 1.6111 41,956 37.408 Net of recelpW(payments) A5 Transf•rs b•t4Y••n funds A6 Cash funds lagt y¢ar end Cash funds this year ond 3.117 3,117 2.019 3,935 7,052 3.935 7.052 5.954 3,935 CCXX R1 accounts Issi 0￿￿2028 Section B Statement of assets and liabilities at the end of the period Unrestricted funds Restricted fund Endowment funds Cat¢gorioS Oetails to nMr•Bt£ B1 Cash funds LLOYDSTSB eAP4{￿¢0u 7.052 Total cash funds 7,052 Unr•StrI￿d funds RMtrkt•d Endowment funds to n•*v•*i£ Delails to n•rnt£ Fund towh￿￿ •M•t C￿1 I•￿onI1) Curr•nl ￿1￿• Details B3 Investmonl assets NAACIF 1173ACC STri4RES RESTRWED 17,616 NA4CIF 12SACC SFL4Aes RESTRICTED 21.135 Curr•nt ￿lu• D•talls 12 ALMSHOUSES on iINRESTRKTED B4 Assets rètsln•d for the charlty's own us• 1*178 FRIESTON ROAD. BOSTON Fund towhlch Il•bll*y r•l•t•$ Amtyjnt du• lon• Whvn du• Jnol Dètails B5 Liabllltla¥ S￿ned by one or ￿ trustees on bahall of all Ihe trustees Datè of val Synafvre ptht Nam• Mr S W15eman 0310212026 CCXX R2 aC￿UnIS ISSI 0410212026 THE HORTON ALMSHOUSES Dembleby House 12 Broad Street Spalding Lincs PEII IES T C Group Lister & Co 75 High Street Boston Lincs PE218SX Clerk . Tracy Griggs Tel. 01775 765361 Boston Office. 01205 351114 Email- hortonalmshouses@chattertons.com 9 February, 2026 Dear Sirs THE HORTON ALMSHOUSES Further to ttr￿ above matter l enclose herewith the signed accounts. I look forward to receiving a completed account for submission to the Charity Commission. Yours sin￿relY Tracy Grugs Clerk CHARfTY NUMBER 218452 NATIONAL AsS￿lATION OF ALMSHOUSE REGlStERED NO. 632 Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of THE HORTON ALMSHOUSES On accounts for the year ended 31° DECEMBER 2025 Charlty no (If any) 218452 Set out on pages Respective The charity's trustees are responsible for the preparation of the accounts. responslbilitles of The charity's trustees consider that an audrt is not required for this year trustees and examlner under section 144 of the CharitEs Act 2011 (the Charities Act) and that an independent examination is needed. It is my r8sponsibilty to.. examine the accounts under section 145 of the Charities Act, to follow the WOGedures laKI down in the general Directions given by the Charity Commission {ur¥Jer sertion 145{5)Ibl of the Charities Act, and to state whether particular matters have come to my attention. Basls of Independent My examination was carried OLrt in accordanGe with general Directions given examlnerf$ statsmont by the Charity Commission. An examination includes a review of the accounts'ng records kept by the charity and a ¢omparison of th8 accounls presented with those records. It also includes consideration of any unusual items or disclosures in the a¢¢ounts, and seeking explanations from the trustees conceming any 5uGh matters. The procedures undertaken do not provide all the evidence that V￿uld be required in an audtt, and consequently no opinion is given as to whether the accounts present a 'true and fairf view and the report is lirnited to those matters set out in the statement below. Independent In Connection with my examination. no matter has come to my attention examinerfs slatemenl (i)ther than that disdosed below ") which gives me reasonable cause to believe that in. any material respect, the requirements.. to keep accounting records in accordance with section 130 of the CharIt￿S Act,. and to prepare accounts which accord with the accounting records and comply with the accounting requirements of Ihe Charities Act have r￿t been met. or 2. to which, in my opinion. attention should be drawn in order to enable a proper understanding of the accounts to be r8ach&d. . Please delet& the words in the brackets rfthey do not appty. sign￿.. Date: Name: Annette Panton Relevant professlonal qualifi¢alion(s) or body (if any): Associati(￿ of Chartered Certtfied Accountants IER March 2012 Address: T C Group. 75 High Streel 8oston. ￿'ncOlnShlre PE218SX Section B Disclosure Only complete rf the examiner needs to highlight material problems. IER March 2012 Glve here brief dotalls of any Items that the examinor wishes to dlsclose. IER March 2012