DR BABINGTON'S ALMSHOUSE CIIARITY
Trustees Report and Financial Statements for the
Year Ended 31 March 2024
Charity No: 218754
Page I

DR BABINGTON?S ALMSHOUSE CHARrrY
CHAIRW OF THE TRusfEES REPORT FOR THE YEAR KNDED 31 MARCH 2024
The charity w&s established in the late 17th century by a Christian benefactor and provides
accommodation in 7 bedsits foT elderly, incapacitated or needy iEsidents of the aTea.
Thirteen trustees are responsible for the charity, they are:_
M¢sda￿e5 P C RaTrso￿ N Curtis, S J Gudger. O E Jones, L S Kingham, Rev S K Marshall
Mrs E.M Yates. and Messrs, Rev lall N H SmÉth. Rev C R Watts. Mr C J Ronald
Major works included 2 new showeTS and a toilet also 5 new heating valves wete added. It
was necessary to t8ke llp the wooden decking and clean drains.
The residents are working w¢ll tog¢ther and the back garden is fiju of plants and vegetables.
As the building is a listed building, improvetnents to the he*ing system are extr¢mely
e¥pensive and are on holil
The Trustees are satisfied with the CUTrent position.
On behalf of the Trustees
MRS P IL4NSON
Page 2

DR BABINGTONgS ALMSHOUSE CHAJiirY
Statement of Financial Aclfvities for the Year Ended 31 Mareh 2024
2023
Restricted General
Fund
Fund
Total
INCO,YE
7117 Dividends and Interest Received
15742 Rent and Heating Contribution
7973
17646
7973
17646
228)9 Total Incoming Resour¢es
25619
25619
7787 Lighting and Heating
1020 Water Rates
5964 PToperty Repairs and Maintenance
2890 Insurance
Extraordinary Repair Fund
4100 Admin services
948 Miscellaneous
6684
1161
8785
2619
525
4264
782
6684
1161
12785
2619
4000
(525)
4264
782
22709 Total Resources Expended
150 Net incoming/(Outgoing) Resources for the
3475
(3475)
24820
799
28295
(2676)
I Surplusl(Deficit} 00 Revaluation of Investm¢nts10837
411?
(8259) Net Movement in Funds
7362
4911
272051 Fund balances at l April 2023
54081
209710 ~
3792 Fund balances at 31 March 2024
£61443 £214621
14949
263791
£276064
Pag¢ 3

DR BABINGTON'S ALMSHOiJSE CHARrrY
Ineome and Expenditure Account for the Year Ended 31 March 2024
2023
PROPERTY
OTHER
NOTESPROPERTY
OTllER
INCOME
7057 Dividends & Interest Received
BaDk Interest
Rent
Other
{1)
(2)
7366
205
E5657
85
17646
(2A)
402
15742
7117
17646
7973
EXPENSES
1590
1300 Insurance
Extrdordinary RepaÈT Fund
Subscriptions
Water Rates
1309
1310
196
736
7569
218
3681
2283
752
2050
284
343
1437
6220
464
Electricity
Property Repairs
Cleaning & Grounds Maintenance (4)
Miscellaneous
2050 Administration
Council Tax
{3)
{5)
439
2132
(276)
19359 3350
20853
3442
3767 SuTplus of Income over Expenditure
4531
(3617)
Deficit of Expenditure over Income
(3207)
£150
Net Surplusl(Deficit) of Incom¢ over
Expenditure
Page 4

DR BABINGTON'S ALMSHOUSE CHARITY
Balance Sheet as at 31 March 2024
2023
NOTES
FIXED ASSETS
251059 Investments
251059
(6)
(7)
266008
266008
CURRENT ASSETS
Debtoib and Accnled Income
13802 Cash at Bank - Business Reserve
250
- Current Account
22 C&8h in Hand
(8)
11841
250
22
14074
CURRENT LIABILITIES
Creditors and Accrued Charges
12732 NET CURRENT ASSETS
(9)
2057
10056
263791
276064
LESS:
PTovisions for:
(566) Future cyclical repaÈrs & tllaintenance
53515
Extraordinary Repairs
(54081)
(10)
{io)
{566)
60877
(61443)
Represented by:_
ACCUMULATED FUND
112277 Capital
97433 Income
(li)
(12)
117546
97075
Page 5

DR BABINGTON'S ALMSHOUSE CHARfTY
Notes to the Aeeounts for the Year Ended 31 Mareh 2024
(I) DIVIDENDS & INTEREST RECEIVED
2023
2024
Clkarities Official Investment Fund Incom¢ Sbares
Charifimd lllcom¢ Shares
Multi Asset Fund
1483
3899
1675
1483
4016
1867
(2) BANK INfEREST
£60
£205
Ll Other- Bank Charges- Compensation
£402
(3) PROPERTY REPAIRS
Decking. clean dratns
2 showers, toilet
Decorating
5 Heat Valves
Flooring
Garden Bin
Locks & Keys, etc
Wasp Nest Removal
Repair Door
76
974
1245
308
986
70
22
1650
1230
55
29
58
40
36
2 New Showers - R￿trICted Funds
£NIL
£40(M)
(4) CLEANING & GROUNDS MAINTENANCE
Cleaning
Garden Maintenance
1699
584
1783
Page 6

DR BABINGTON'S ALMSHOUSE CHARITY
Notes to the Accounts for the Year Ended 31 March 2024
(5) ￿scELLA1¥EOUs
2023
2024
Christmas Preselltslgifts
Hire of Room
Accountant
Sunthy
TV Licences
Advertising
191
15
195
23
30
298
l81
205
23
30
439
(6) PROPERTY
The property was acquircd by the Charity ill the 17 Century with additio￿¥ early in t
19 C¢nttlly. It has not been possible to determine the original cost and the Tnths
have not deemed it necessary to obt2in a professional valuatioffj therefore no value is
placed on the lalld and buildings controlled by the charity.
(7) INVESTMENTS
CAPITAL
Clwkfund Income Shares (400 units)
5932
2722
Charities Official Investtll¢nt Fund Encome Shares 51001
47866.521 Charity Multi Asset Fund
42754
5824
i5617
43515
4956
INCOME
ChaTifimd Itkcom¢ Shares (4269.79 units)
63
EXTIL4ORDINARY REPAIR FUND
Charities Official Envestm¢nt Fund Accumul￿1On Fund
(384.65 units)
Total
Valued at Market Value on 31 March 2024
£251
(8) DEFfoRS AND ACCRUED INCOME
Rents Receivable
Accrued Income
Page 7

DR BABINGTON'S ALMSHOUSE CHARrrY
Notu to the Accoujjts for th¢ Year Ended 31 March 2024
2023
2024
(9) CREDITORS AND ACCRUED CHARGES
Wat
250
547
195
150
200
500
748
Accounts
Electric
Rents In-advance
Maintenance
424
120
057
(10) PROVISION FOR EXTRAORDINARY REPAIRS
OFening Balance
Trnnsfer tol(from) Revenue
Revaluation SuTplus/(Deficit)
53748
525
(758)
53515
(3475)
10837
£535
FUTURE CYCLICAL REPAIRS & MAKNTEIYANCE FUND
Balance - opening and closing
£566
£566
(I I) ACCUMULATED FUND - CAPITAL ACCOUNr
Opening Balance
Revaluation SuTplusl(Deficit)
115809
(3532)
112277
5269
77
117
(12) ACCUMU"LATED FUND- INCOME ACCOUNT
Opening Balance
(Defi¢it}/Surplus of Income over Expenditure
Revaluation Surplll￿(DefiClt}
101927
(375)
(4119)
97433
799
(1157)
Page 8

l￿DEPEN}}ENT EXAMIKER'S REPORT TO THE TRUSTEES OF DR BABj￿GToN's
ALMSHOUSE CHARTrY
l TeiKIrt on the accounts of the Trust for the year ended 31.3.2024 which are set out on pages
Ito8.
R￿pectIVe responsibilities of trnstees and examiner
As the cknity's ttustees you are responsible for the preparation of the accounts" you consider
that the audit requirement of section 43(2) of the Charities Act 1993 (the Act) does not apply.
It is my responsibility to stste, on the basis of procedures s￿CIfied in the General DÉTections
given by the CharÈty Commissioners under section 43 (7)(b) of the Ael whether particular
atteis have con]e to my attention.
Basis of imdepeudent examiner's report
My eXamI￿tion was carried out in accordance witb the General Dire¢tions given by the
Clwity Conllnissioners. An exarnination includes a Teview of the accounting re￿rdS kept by
the chaJity and a comparison of the accounts presented with those records. It also includes
consideration of any unusuaI lten￿ or disclosures in the accounts, and seeking explanatioDS
from you as truste¢s concerning any such matters. The pmcedures undertaken do not provide
all the evidence that would bc required in an audiL and ronsequendy I do not express an audit
opinion on the view given by the accounts.
Independent examiner's statement
In coDneCtiO￿ with my examination, no n￿tter has Come to my attention:
(l) which gives me reasonable cause to believe that in any matrfial respect the
requirements
to keep accounting records in accordance with section 41 of the Act. and
to prepydre accounts wkn'ch accord with the accounting Tecords and to comply with
tbe accounting requirements of the Act
have not been met. or
(2) to which, in my OPiDion, attention should be drawn in order to enable a proper
Understanding of the accouuts to be r¢ached.
Name:
J A Murphy
I l Rumsey Close
QUORN
LE12 8EZ
11 Nfyl 201*
Page 9

DR BABUICTON'S ALMSHOUSE CHARrrY
tARKET VALUT OF INVESTMENTS
CAPITAL ACCOUNT
311312023
311312024
Market
Value
Market
Value
Charifund Income (400 Units)
5932
5824
CCLA C.O.l.F. Income Shares (2722)
51001
55617
M & G Charity Multi Asset Fund (47866.521)
42754
43515
99687
10495
INCOME AccoiINr
Charifjjnd Income(1093 units)
16211
15915
Charifund Income {1469.53 units)
21796
2l398
Charifund lT)come (1070 units)
15870
15580
Charifvnd Income (637.26 units)
9452
9279
63329
62172
CCLA C.O.I.F. A¢cumulation Fund (384.65)
88043
98880