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2025-12-31-accounts

REGISTERED CHARITY NUMBER: 218634

Report of the Trustee and Unaudited Financial Statements for the Year Ended 31 December 2025

for The James Lloyd Almshouses

The James Lloyd Almshouses

Contents of the Financial Statements for the Year Ended 31 December 2025

Page
Report of the Trustee 1
Independent Examiner's Report 6
Statement of Financial Activities 2025 7
Statement of Financial Activities 2024 Comparatives 8
Balance Sheet 9
Notes to the Financial Statements 11
Detailed Statements of Financial Activities 2025 18
Detailed Statements of Financial Activities 2024 20

The James Lloyd Almshouses

Report of the Trustee

for the Year Ended 31st December 2025

The trustee present its report with the financial statements of the charity for the year ended 31 December 2025. The trustee has adopted the provisions of the Statement of Recommended Practice (SORP (FRS102)) 'Accounting and Reporting by Charities'.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

218634

Principal address

219 Heath Road Bournville Birmingham West Midlands B30 1RU

Trustee

James Lloyd Almshouses Trustee Ltd The Corporate Trustee

Independent examiner

Andy Hopkins BVSC Accountancy Services Latham House 33-34 Paradise Street Birmingham B1 2 AJ

Solicitors

Veale Wasbrough Vizards LLP Second Floor 3 Brindley Place Birmingham B1 2JB

Investment Advisers

Evelyn Partners 103 Colmore Row Birmingham B3 3 AG

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The Trust was founded by a declaration of Trust dated 12 October 1869 and is now governed by a Charity Commission Scheme dated 20 April 2012.

By virtue of that Scheme James Lloyd Almshouses Trustee Limited (company registration number 08010707) was appointed as Corporate Trustee of the Charity on 20 April 2012 in place of the existing trustees and acts as the sole trustee. James Lloyd Almshouses Trustee Limited has a board of unpaid directors who are nominated to the board based on their relevant expertise.

The Corporate Trustee's directors meets 4 times a year to discuss, monitor and review activities.

Page 1

The James Lloyd Almshouses

Report of the Trustee

for the Year Ended 31st December 2025

Within the Corporate Trustee there are 3 Sub Committees being those for Welfare, Property and Finance. These Sub Committees meet as and when required to deal with matters arising. Reports of those Sub Committees are made to the Full Board of Directors of the Corporate Trustee at the next full meeting.

We comply with the Charity Commission and Almshouse Association recommendations. Conflicts of interest are recorded at each meeting. Neither the Trustee nor the Directors of the Trustee Company receive any pay or reimbursement of expenses

The Directors of James Lloyd Almshouses Trustee Limited

H Billyard P Bowden D Leadbeater L Matheson A Shrimpton R Stanton F Wayt Resigned 21st April 2026 R Welch Appointed 15th April 2025

Risk management

The Charity operates a Risk Register, which looks at the risks and threats to which the Charity is exposed. This is reviewed on an annual basis. The Corporate Trustee is satisfied that appropriate controls are in place to provide reasonable assurance against fraud or error.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The prime objective of the charity is to provide sheltered accommodation for elderly women. The trustee aims to

Promote the wellbeing and independence of the residents. Encourage communal activities. Provide a good quality garden. Provide good quality housing. Manage the resources of the trust effectively and efficiently.

Public benefit

The Corporate Trustee has considered the Charity Commissions guidance on public benefit, in particular how future developments will contribute to the objectives and aims it has set.

ACHIEVEMENT AND PERFORMANCE

The year 2025 continued the trend for significant repairs to be required on the Estate, causing the Directors to increase the Budget for 2026 for both Day-to-Day Repairs, and the Major Repairs.

Only three modernisation were undertaken to void units during the year, which actually followed a zero year in 2024. This may lead to a larger number in the coming 12 months.

However, the autumn storms in 2024 showed up the limitations of the bungalow roofs. Detailed examination indicated that the original construction used tiles at the very limit of their ability to cope with the driven rain on roofs that were of limited slope. The under fitting had either rotted, or had sagged, with a result that rain penetration occurred in places in very inclement weather. The Directors took the decision to completely re-roof the bungalow roof covering, and this allowed the installation of 300 mm of insulation over the bungalow ceilings, work that had not previously been possible due to the shallow roofs preventing access.

Page 2

The James Lloyd Almshouses

Report of the Trustee

for the Year Ended 31st December 2025

As a consequence, there should be a reduction in the energy required to heat the bungalows, and therefore a similar reduction in the CO2 produced. As the properties had increased the insulation, it was also necessary to re-inspect the energy performance, and all bungalows now have an EPC of C. Previously, two of them were in classification of EPC D, which would have resulted in a few years’ time of not being permitted to be let. This still leaves three flats with an EPC of D, and these will have to be included in a future programme.

Day-to-Day Repairs continued on a pretty constant basis, the total expenditure of being £21.636 for the year. We pride ourselves in dealing with these repairs on an ‘as soon as possible basis, working with a few contractors who we have used for some time, and employ mostly local labour.

All the legal and best practice tests were undertaken, these included gas boiler safety checks and servicing, electrical wiring, asbestos inspection, and Legionella testing. The service of the stair lifts, and warden call system was also included.

Routine cleaning of the common areas, windows, and grounds maintenance were undertaken, although a long dry spell in the summer resulted in the loss of most of our bedding plants. One area of the internal paths required replacement, with a larger programme of new Tarmac required for 2026.

FINANCIAL REVIEW

During the year under review, the Charity recorded an overall surplus and increase of funds of £101,797 (2024: surplus of £62,377). Income from providing accommodation for elderly women remained roughly the same as the previous year, £208,490, (2024:£208,215). Despite a small increase of 2% in the Weekly Maintenance Charge from April there were the equivalent of 30 weeks of void flats where as in 2024 there was almost full occupancy of the site during the year. During the year under review there were no donations (2024: £14,000). Expenditure rose from £219,471 in 2024 to £226,323 in 2025 was is mainly due to reroofing of the bungalows. Otherwise, the money spent was broadly in line with budgetary targets.

The charity achieved a surplus from charitable activities amounting to £6,504 (2024: surplus £29,844). A reduction in investment income together with and increase in total expenditure largely accounts for the income shortfall. There is an unrealised gain on investments of £78,703, (2024: £4,640), and there was a realised gain on sales of investments of £16,590 during the year, (2024: £27,893). The Corporate Trustee agreed to transfer £11,500 to the Extraordinary Repair Fund (ERF) (2024: £11,500) plus an additional £28,661 (2024: £27,719) to the Building Fund.

The portfolio is managed on a discretionary basis by a specialist team of investment managers , Evelyn Partners, based in Birmingham who have a detailed knowledge of charity law. The Directors of the Corporate Trustee meet the investment managers on an annual basis (March) to receive their report. The Chairman of the Finance subcommittee maintains regular contact with investment managers for periodic updates.

The finance sub- committee of the Corporate Trustee meets twice a year to receive reports from the property subcommittee on capital expenditure and to produce and monitor the budget for the full board to consider and approve.

2025 Reserves

The charity has continued to experience the pressure of inflation both from a perspective of material and labour costs. However against this background the major repairs and major works programme has been completed within a revised budget.

The Corporate Trustee is satisfied the original endowment, plus the accumulated capital growth, is sufficient to maintain the buildings in the short to medium term, but longer term, and ultimately when the buildings require demolition and renewal, that the level of reserves meet future capital requirements.

Page 3

The James Lloyd Almshouses

Report of the Trustee

for the Year Ended 31st December 2025

Annual payments into both the ERF and Building Fund were maintained during 2025 as mentioned earlier in the report. The Corporate Trustee is committed to the transfer of monies on an annual basis to both Funds for long term investment.

Investments

Over the 12 months ended 31st December 2025, the overall value of the portfolio in total return terms recorded a gain of 16.4% compared to a gain in the benchmark index (ARC Charity Steady growth) of 12.3%. The portfolio has outperformed the benchmark over 5 years, 36.5% versus 34.4%.

There was no new money invested during the period under review. Investment income totalled £24,337 (2024: £27,190). This placed the portfolio on an estimated gross interest yield of 2.57%. The shortfall in investment income can be directly attributed to a minor change of investment strategy, with the introduction of gold (non income producing). The changes have proved justified with the portfolio outperforming on a total return basis.

In conjunction with the investment manager the question of asset mix and the risk profile surrounding the investment portfolio is discussed on an annual basis. The investment strategy approved by the Corporate Trustee and which is currently in place is to achieve a balance between income and long-term capital growth. A time horizon of 3 to 5 years forms the basis relative to performance and any substantial change in asset allocation.

Artificial Intelligence has again been the watchword for investors throughout 2025. However, software companies have come under pressure on fears of competition. The majority of global markets achieved all-time highs against the background of political and economic uncertainties. Throughout 2025 the prospect of lower inflation and interest rates fuelled investors appetite for equity investment.

The war in the Middle East which started in February 2026 has adversely affected both global bond and equity markets as the sharp rise in the price of spot oil reintroduces the possibility of increases in both inflation and interest rates. Global markets will continue to remain volatile in the current political and economic environment. The behaviour of the US President is the key factor to market trends over the coming months.

The recent annual review from our investment manager was in the main positive for equities and again sanguine towards bonds. The existing balance of the portfolio is well based from a global structure perspective.

RESERVES POLICY

The charity’s stated reserves policy is to hold at last six months expenditure in reserve, either in cash, or short-term deposit. The charity has current accounts with both Lloyds and Santander banks which totalled more than £165,000 at the end of the 2025. The Corporate Trustee has over the last two financial years reduced monies held on bank deposit to finance both major property refurbishment and long-term investment.

FUTURE DEVELOPMENTS

Already in the first month of the New Year, we have a void modernisation underway, which had been previously occupied by a longstanding older person, and therefore, the work required in the Flat is extensive. As stated earlier, with few voids in the last two years, we may experience a year with more than the average turnover of residents.

One of the stair lifts has been agreed for replacement, as it is some 10 years old. There are a total of nine stair lifts on site, and one other requires a greater repair than usual, but we will need to keep a close eye on the remaining seven.

Page 4

The James Lloyd Almshouses

Report of the Trustee

for the Year Ended 31st December 2025

The remainder of the Tarmac paths on site are now at the end of their useful life, and will be one of the larger Major Repairs in the year. We also plan to eliminate one of a total of five header tanks on site, which reduces the potential problem and cost of the Legionella testing and specialist cleaning.

Approved by order of the board of the Corporate Trustee on 14th July 2026 and signed on its behalf by:

............................................. A Shrimpton (Director) on behalf of James Lloyd Almshouses Trustee Limited - Trustee

Page 5

Independent Examiner's Report to the Trustee of The James Lloyd Almshouses

Respective responsibilities of trustee and examiner

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under company law, and is eligible for independent examination, it is my responsibility to:

  1. examine the accounts under Section 145 of the 2011 Charities Act,

  2. to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Charities Act); and

  3. to state whether particular matters have come to my attention.

Basis of the independent examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as the directors of the corporate trustee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed:

Dated:

Andy Hopkins BVSC Accountancy Services Latham House 33-34 Paradise Street Birmingham, B1 2AJ

Page 6

The James Lloyd Almshouses

Statement of Financial Activities for the Year Ended 31 December 2025

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM:
Donations and legacies
-
Investment income
2.
24,337
Income from charitable activities
Providing accommodation for elderly women
208,490
Total income
232,827
EXPENDITURE ON:
Charitable activities
Providing accommodation for elderly women
224,284
Total expenditure
224,284
Net income before gains on investment
8,543
Investment gains/(losses)
Realised gain on sale of investments
16,590
Unrealised gain on investments
78,703
NET MOVEMENT IN FUNDS
103,836
RECONCILIATION OF FUNDS
-
Total funds brought forward
9.
1,655,045
TOTAL FUNDS CARRIED FORWARD
9.
1,758,881		 Restricted
and
Endowment
funds
£
-
-
-
-
2,039
2,039
(2,039)
-
-
(2,039)
-
96,811
94,772		 31.12.25
Total funds
£
-
24,337
208,490
232,827
226,323
226,323
6,504
16,590
78,703
101,797
-
1,751,856
1,853,653		 31.12.24
Total funds
£
14,000
27,190
208,125
249,315
219,471
219,471
29,844
27,893
4,640
62,377
-
1,689,479
1,751,856

The notes form part of these financial statements Page 7

The James Lloyd Almshouses

Comparative Statement of Financial Activities for the Year Ended 31 December 2024

Notes
INCOME AND ENDOWMENTS FROM:
Donations and legacies
Investment income
Income from charitable activities
Providing accommodation for elderly women
Total income
EXPENDITURE ON:
Charitable activities
Providing accommodation for elderly women
Total expenditure
Net income before gain/ (losses) on
investment
Investment gains/(losses)
Realised gains on sale of investments
Unrealised gain on investments
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS
Total funds brought forward
10.
TOTAL FUNDS CARRIED FORWARD
10.		 Unrestricted
funds
£
-
27,190
208,125
235,315
198,606
198,606
36,709
27,893
4,640
69,242
1,585,803
1,655,045		 Restricted
and
Endowment
funds
£
14,000
-
-
14,000
20,865
20,865
(6,865)
-
-
(6,865)
103,676
96,811		 31.12.24
Total funds
£
14,000
27,190
208,125
249,315
219,471
219,471
29,844
27,893
4,640
62,377
1,689,479
1,751,856		 31.12.23
Total funds
£
10,000
25,147
193,783
228,930
227,544
227,544
1,386
23,143
365
24,893
1,664,586
1,689,479

The notes form part of these financial statements Page 8

The James Lloyd Almshouses

Balance Sheet At 31 December 2025

Notes
FIXED ASSETS
Tangible assets
5.
Investments
6.
CURRENT ASSETS
Debtors
7.
Cash at bank and in hand
CREDITORS
Amounts falling due within one
year
8.
NET CURRENT ASSETS
TOTAL ASSETS LESS
CURRENT LIABILITIES
NET ASSETS
FUNDS
9.
Unrestricted funds
Restricted funds
Permanent Endowment Fund
TOTAL FUNDS		 Unrestricted
funds
£
662,149
946,215		 Restricted
funds
£
11,392
-
11,392
-
-
-
-
-
11,392
11,392		 Endowment
Fund
83,380
-
83,380
-
-
-
-
-
83,380
83,380		 31.12.25
Total funds
£
756,921
946,215
1,703,136
8,982
165,318
174,300
(23,783)
150,517
1,853,653
1,853,653
1,758,881
11,392
83,380
1,853,653		 31.12.24
Total funds
£
762,843
854,590
1,608,364
8,982
165,318		 1,617,433
9,569
144,529
174,300
(23,783)		 154,098
(19,675)
150,517
1,758,881		 134,423
1,751,856
1,758,881 1,751,856
1,655,045
13,431
83,380
1,751,856

The notes form part of these financial statements Page 9

The James Lloyd Almshouses

Balance Sheet At 31 December 2025

The financial statements were approved by the Board of Directors of James Lloyd Almshouses Trustee Limited, the Corporate Trustee on 14th July 2026 and were signed on its behalf by

.............................................

A Shrimpton (Director)

James Lloyd Almshouses Trustee Limited -Trustee

.............................................

R Welch (Director)

James Lloyd Almshouses Trustee Limited -Trustee

.............................................

P Bowden (Director) James Lloyd Almshouses Trustee Limited-Trustee

The notes form part of these financial statements Page 10

The James Lloyd Almshouses

Notes to the Financial Statements for the Year Ended 31 December 2025

1. ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets and in accordance with the Financial Reporting Standard 102, the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.

Incoming resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Resources expended

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

No depreciation is provided for in respect of the freehold properties held. These properties are fully maintained throughout the year. Depreciation is provided at 10% on cost for stairlifts and scooter stores. Fixture and Fittings are depreciated at 10% and 20% to reflect their expected useful life of each purchase. Computer expenditure is depreciated at 25%.

Taxation

The charity is exempt from tax on its charitable activities

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustee.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements

Pension costs and other post-retirement benefits

Contributions payable to the Scheme Manager's private pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Going Concern

The trustee considers that there are no material uncertainties about the Trusts' ability to continue as a going concern. There are no material uncertainties affecting the current year's accounts.

Reporting Currency

The reporting currency is £ Sterling.

The notes form part of these financial statements Page 11

The James Lloyd Almshouses

Notes to the Financial Statements for the Year Ended 31 December 2025

2. INVESTMENT INCOME

31.12.25 31.12.24
£ £
Income from UK investments 24,337 27,190

3. TRUSTEES' REMUNERATION, BENEFITS AND DONATIONS

Trustee’s remuneration

Neither the Trustee nor the Directors of the Corporate Trustee received any remuneration or other benefits for the year ended 31 December 2025 nor for the year ended 31 December 2024.

Trustee’s expenses

There were no expenses paid to the Trustee or the Directors of the Corporate Trustee for the year ended 31 December 2025 nor for the year ended 31 December 2024.

Trustee’s donations

There were no donations from the Trustee or the Directors of the Corporate Trustee for the year ended 31 December 2025 nor for the year ended 31 December 2024.

4. STAFF COSTS

Wages and salaries
Other pension costs		 31.12.25
£
34,512
1 983
,
36,495		 31.12.24
£
37,343
2 171
,
39,514

The average monthly number of employees during the year was as follows:

31.12.25 31.12.24
2 2

No employees received emoluments in excess of £60,000.

The notes form part of these financial statements

Page 12

The James Lloyd Almshouses

Notes to the Financial Statements for the Year Ended 31 December 2025

5. TANGIBLE FIXED ASSETS

At 31 December 2025
DEPRECIATION
Charge for year
At 31 December 2025
At 31 December 2025
At 31 December 2024
COST
At 1 January 2025
At 1 January 2025
Additions
COST
At 1 January 2025
NET BOOK VALUE
Disposals
At 31 December 2025
DEPRECIATION
Charge for year
Disposals
At 31 December 2025
At 31 December 2025
At 31 December 2024
Additions
At 1 January 2025
NET BOOK VALUE		 Freehold
property
£
806,826
-
806,826
71,311
-
71,311
735,515
735,515
Fixtures
and fittings
£
55 566
,
-
-
55,566
52,770
2,294
-
55,064
502
2,796		 Property
improvements
£
39,079
-
39,079
16,898
3,111
20,009
19,070
22,181
Computer
equipment
£
2 307
,
-
-
2,307
2,148
79
-
2,227
80
159		 Plant and
machinery
£
43,647
-
43,647
41,455
438
41,893
1,754
2,192
Totals
£
947 425
,
-
-
947,425
184,582
5,922
-
190,504
756,921
762,843

The notes form part of these financial statements

Page 13

The James Lloyd Almshouses

Notes to the Financial Statements for the Year Ended 31 December 2025

6. FIXED ASSET INVESTMENTS

Share
Securities
£
MARKET VALUE
At 1 January 2025
656,014
Additions
76,426
Disposals
(69,437)
Revaluations
72,104
At 31 December 2025
735,107
NET BOOK VALUE
At 31 December 2025
735,107
At 31 December 2024
656,014
All investments were held in the UK.		 Fixed
Interest
Securities
£
190,302
60,440
(55,746)
6,599
201,595
201,595
190,302		 UK Cash held
as part of
portfolio
£
8,274
141,790
(140,551)
-
9,513
9,513
8,274		 Totals
£
854,590
278,656
(265,734)
78,703
946,215
946,215
854,590

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
Other debtors		 31.12.25
£
1,468
7,514
8,982		 31.12.24
£
1,705
7,864
9,569

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Other creditors		 31.12.25
£
8,717
15,066
23,783		 31.12.24
£
10,568
9,107
19,675

The notes form part of these financial statements Page 14

The James Lloyd Almshouses

Notes to the Financial Statements for the Year Ended 31 December 2025

9. MOVEMENT IN FUNDS

At 1.01.25
£
Unrestricted funds
General fund
1,340,600
Extraordinary repair fund
209,551
New building fund
104,894
1,655,045
Permanent Endowment Fund
83,380
Restricted funds
Health and wellbeing
5,694
Stairlift
-
Scooter Store
3,600
Wet room
4,137
Kitchen
-
13,431
TOTAL FUNDS
1,751,856
Incoming
resources
£
Unrestricted funds
General fund
232,827
Restricted funds
Health and wellbeing
-
Stairlift
-
Scooter Store
-
Wet room
-
Kitchen
-
-
TOTAL FUNDS
232,827
Net movement in funds, included in the above are as		 Net
movement
in funds
£
103,836
-
-
103,836
-
(949)
-
(400)
(690)
-
(2,039)
101,797
Resources
expended
£
(224,284)
(949)
-
(400)
(690)
-
(2,039)
(226,323)
follows:		 Transfer
between funds
£
(40,161)
11,500
28,661
-
-
-
-
-
-
-
-
-
Gains and
losses on
investments
£
95,293
-
-
-
-
-
-
95,293		 At 31.12.25
£
1,404,275
221,051
133,555
1,758,881
83,380
4,745
-
3,200
3,447
-
11,392
1,853,653
Movement in
funds
£
103,836
(949)
-
(400)
(690)
-
(2,039)
101,797

The notes form part of these financial statements Page 15

The James Lloyd Almshouses

Notes to the Financial Statements for the Year Ended 31 December 2025

10. 2024 COMPARATIVE MOVEMENT IN FUNDS

At 1.01.24
£
Unrestricted funds
General fund
1,310,577
Extraordinary repair fund
198,051
New building fund
77,175
1,585,803
Permanent Endowment Fund
83,380
Restricted funds
Health and wellbeing
6,643
Stair lift
1,030
Scooter Store
797
Wet room
4,826
Kitchen
7,000
20,296
TOTAL FUNDS
1,689,479
Incoming
resources
£
Unrestricted funds
General fund
235,315
Restricted funds
Health and wellbeing
-
Stair lift
-
Scooter Store
4,000
Wet room
-
Laundry
10,000
Total Restricted funds
14,000
TOTAL FUNDS
249,315
Net movement in funds, included in the above are as		 Net
movement
in funds
£
69,242
-
-
69,242
-
(949)
(1,030)
2,803
(689)
(7,000)
(6,865)
62,377
Resources
expended
£
(198,606)
(949)
(1,030)
(1,197)
(689)
(17,000)
(20,865)
(219,471)
follows:		 Transfer
between funds
£
(39,219)
11,500
27,719
-
-
-
-
-
-
-
-
-
Gains and
losses on
investments
£
32,534
-
-
-
-
-
-
32,534		 At 31.12.24
£
1,340,601
209,551
104,894
1,655,045
83,380
5,694
-
3,600
4,137
-
13,431
1,751,856
Movement in
funds
£
69,242
(949)
(1,030)
2,803
(689)
(7,000)
(6,865)
62,377

The notes form part of these financial statements Page 16

The James Lloyd Almshouses

Notes to the Financial Statements for the Year Ended 31 December 2025

11. RELATED PARTY TRANSACTIONS

The bookkeeping and accounts are prepared by P&W Social Accountants Ltd. The director of P&W Social Accountants Ltd (who is not involved with the management of the company) is Dawn Welch, the daughter of Roderick Welch, one of the directors of James Lloyd Almshouse Trustee Ltd. The contract between the charity and P&W Social Accountants Ltd was entered into many years prior to Roderick Welch becoming a director of James Lloyd Almshouse Trustee Ltd and therefore was entered into at market price. In the future neither Roderick Welch nor Dawn Welch will be involved in negotiating the contract price of services provided to the charity, this discussion will be between the rest of the board of James Lloyd Almshouses and the management team of P&W Social Accountants Ltd, maintaining arms length transactions at market value.

During the year the total fees from P&W Social Accountants was £10,172 (2024: £10,064) and the creditors held at the end of the year were £4,109 (2024: £4,383).

The notes form part of these financial statements Page 17

The James Lloyd Almshouses

Detailed Statement of Financial Activities for the Year Ended 31 December 2025

INCOME
Voluntary income
Donations
Investment income
Income from UK Investments
Income from charitable activities
Residents' Maintenance Contribution
Total incoming resources
RESOURCES EXPENDED
Charitable activities
Wages
National Insurance
Pensions
Employee Life Assurance
Rates and water
Insurance
Light and heat
Sundries
Repairs and maintenance
Cleaning
Gardening
TV and music licence
Warden out of hours call service
Staff travel
Supervising cyclical repairs and assessments
Website development, hosting and advertising
Warden activities
Site assistant
Training
Bank charges
Bad debts
Depreciation of property improvements
Depreciation of plant and machinery
Depreciation of fixtures and fittings
Depreciation of computer equipment
Donations		 Unrestricted
funds
£
-
-
24,337
208,490
232,827
34,512
-
1,983
351
5,610
6,006
27,048
1,193
92,581
6,172
4,034
437
3,134
30
11,627
3,937
1,929
10
1,033
1,072
438
2,294
79
-
205,510		 Restricted
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2,039
-
-
-
-
2,039		 31.12.25
£
-
-
24,337
208,490
232,827
34,512
-
1,983
351
5,610
6,006
27,048
1,193
92,581
6,172
4,034
437
3,134
30
11,627
-
3,937
1,929
-
10
1,033
3,111
438
2,294
79
-
207,549		 31.12.24
£
14,000
14,000
27,190
208,125
249,315
37,343
-
2,171
334
5,205
6,150
22,325
1,120
89,880
6,431
3,369
413
3,531
12
-
240
3,882
391
-
-
-
3,907
2,090
4,357
79
-
193,230

The notes form part of these financial statements Page 18

The James Lloyd Almshouses

Detailed Statement of Financial Activities for the Year Ended 31 December 2025

Support costs
Telephone
Postage, stationery and computer
Legal and professional fees
Hire of office equipment
Stockbroker fee
Accountancy and bookkeeping
Total resources expended
Net funds before gains and losses on investments
Realised gains on investments
Unrealised gains on investments
Net movement in funds		 Unrestricted
funds
£
1,356
584
322
535
5,205
10,772
18,774
224,284
8,543
16,590
78,703
103,836		 Restricted
funds
£
-
-
-
-
-
-
-
2,039
(2,039)
-
-
(2,039)		 31.12.25
£
1,356
584
322
535
5,205
10,772
18,774
226,323
6,504
16,590
78,703
101,797		 31.12.24
£
1,081
863
8,905
542
4,786
10,064
26,241
219,471
29,844
27,893
4,640
62,377

The notes form part of these financial statements Page 19

The James Lloyd Almshouses

Comparative detailed Statement of Financial Activities for the Year Ended 31 December 2024

INCOME
Voluntary income
Donations
Investment income
Income from UK Investments
Income from charitable activities
Residents' Maintenance Contribution
Total incoming resources
RESOURCES EXPENDED
Charitable activities
Wages
National Insurance
Pensions
Employee Life Assurance
Rates and water
Insurance
Light and heat
Sundries
Repairs and maintenance
Repairs and maintenance (from the ERF)
Cleaning
Gardening
TV and music licence
Warden out of hours call service
Staff travel
Supervising cyclical repairs and assessments
Website development, hosting and advertising
Warden activities
Summer Event / 150th Anniversary Celebrations
Training
Bad debts
Depreciation of property improvements
Depreciation of plant and machinery
Depreciation of fixtures and fittings
Depreciation of computer equipment
Donations		 Unrestricted
funds
£
-
-
27,190
208,125
235,315
37,343
-
2,171
334
5,205
6,150
22,325
1,120
72,880
6,431
3,369
413
3,531
12
-
240
3,882
391
-
-
1,072
1,060
4,357
79
-
172,365		 Restricted
funds
£
14,000
14,000
-
-
14,000
-
-
-
-
-
-
-
-
17,000
-
-
-
-
-
-
-
-
-
-
-
-
2,835
1,030
-
-
-
20,865		 31.12.24
£
14,000
14,000
27,190
208,125
249,315
37,343
-
2,171
334
5,205
6,150
22,325
1,120
89,880
-
6,431
3,369
413
3,531
12
-
240
3,882
391
-
-
3,907
2,090
4,357
79
-
193,230		 31.12.23
£
10,000
10,000
25,147
193,783
228,930
35,589
-
2,098
313
4,139
5,784
18,691
807
109,014
-
6,486
3,770
381
2,785
57
4,392
240
3,208
-
431
85
2,736
3,062
4,663
79
-
208,809

The notes form part of these financial statements Page 20

The James Lloyd Almshouses

Comparative detailed Statement of Financial Activities for the Year Ended 31 December 2024

Support costs
Telephone
Postage, stationery and computer
Hire of office equipment
Stockbroker fee
Accountancy and bookkeeping
Total resources expended
Net funds before gains and losses on investments
Realised gains on investments
Unrealised gains on investments
Net movement in funds		 Unrestricted
funds
£
1,081
863
542
4,786
10,064
26,241
198,606
36,709
27,893
4,640
69,242		 Restricted
funds
£
-
-
-
-
-
-
20,865
(6,865)
-
-
(6,865)		 31.12.24
£
1,081
863
542
4,786
10,064
26,241
219,471
29,844
27,893
4,640
62,377		 31.12.23
£
924
1,175
726
4,286
9,509
18,734
227,544
1,386
23,143
365
24,893

The notes form part of these financial statements Page 21