DR BABINGTON'S ALMHOUSE CHARITY
ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their report together with the financial statements for the year ended 31 March 2025. The financial statements comply with the charity's trust and applicable law.
Constitution and objects
The charity was established in the late 17th century by a Christian benefactor, and is a registered charity. The Charity number is 218754
The charity exists to provide accomodation in 7 bedsits for elderly, incapacitated or needy residents of the area.
Reserves policy
It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at such a level to provide sufficient funds to cover the management and administration of the day-to-day running and to be able to respond to any emergency repairs that may arise.
Investment policy
The trustees have considered the most appropriate policy for investing funds and have found that specialised unit trusts, designed for the charity sector, meet their requirements to generate both income and capital growth.
Trustees' responsibilities in relation to the financial statements
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the year end. In preparing those financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees on May 2026 and signed on their behalf by:
Mrs P Ranson
(Chairperson)
DR BABINGTON'S ALMSHOUSE CHARITY
Financial Statements for the Year Ended 31 March 2025
Charity No: 218754
DR BABINGTON'S ALMSHOUSE CHARITY Statement of Financial Activities for the Year Ended 31 March 2025
| 2024 £ INCOME 7,973 Dividendsand Interest Received 17,646 Rent and HeatingContribution 25,619 TotalIncomingResources 6,684 Lighting and Heating 1,161 Water Rates 12,785 Property Repairs andMaintenance 2,619 Insurance 0 ExtraordinaryRepairFund 4,264 Admin Services 782 Miscellaneous 28,295 TotalResourcesExpended -2,676 Net Incoming/(Outgoing)Resourcesfor theyear 14,949 Surplus/(Deficit) on Revaluation of Investments 12,273 NetMovementinFunds 263,791 Fund balances at 1 April 2024 £276,064 Fund balances at 31 March 2025 |
Restricted General Fund Fund Total £ £ £ 7,825 7,825 18,393 18,393 0 26,218 26,218 7,908 7,908 885 885 6,250 4,353 10,603 2,653 2,653 0 0 5,126 5,126 1,747 1,747 6,250 22,672 28,922 -6,250 3,546 -2,704 -1,964 1,354 -610 -8,214 4,900 -3,314 61,443 214,621 276,064 £53,229 £219,521 £272,750 |
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DR BABINGTON'S ALMSHOUSE CHARITY
Balance Sheet as at 31 March 2025
----- Start of picture text -----
2024
£ NOTES £ £
FIXED ASSETS
Property 6
266,008 Investments 7 265,398
266,008 265,398
CURRENT ASSETS
Debtors and Accrued Income
11,841 Cash at Bank - Business Reserve 8,223
250 - Current Account 250
22 Cash in Hand 22
12,113 8,495
CURRENT LIABILITIES
-2,057 Creditors and Accrued Charges 8 -1,143
10,056 NET CURRENT ASSETS 7,352
276,064 272,750
LESS:
Provisions for:
-566 Future cyclical repairs & maintenance 9 -566
-60,877 Extraordinary Repairs 9 -52,663
-61,443 -53,229
214,621 219,521
Represented by:-
ACCUMULATED FUND
117,546 Capital 10 116,243
97,075 Income 11 103,278
214,621 219,521
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DR BABINGTON'S ALMSHOUSE CHARITY
Notes to the Accounts for the Year Ended 31 March 2025
| 1 DIVIDENDS & INTEREST RECEIVED Charities Official InvestmentFundIncomeShares Charifund IncomeShares Multi AssetFund 2 BANK INTEREST 2A Other-Bank Charges -Compensation 3 PROPERTY REPAIRS Decking,clean drains Various Plumbing and Heating General Repairs Garden furniture New Shower room & damp issue repairs - Restricted Funds 4 CLEANING & GROUNDS MAINTENANCE Cleaning Garden Maintenance 5 MISCELLANEOUS Laptop Christmas Presents/gifts Accountant Sundry TVLicences Subscriptions Stationery |
2024 2025 £ £ 1,483 1,513 4,016 4,225 1,867 1,939 7,366 7,677 £ £ 205 148 402 0 £ £ 1,650 3,250 1,837 1,412 80 108 6,312 2,025 4,000 6,250 £ £ 1,783 1,833 690 495 2,473 2,328 £ £ 432 181 236 205 492 23 30 30 343 353 204 782 1,747 |
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DR BABINGTON'S ALMSHOUSE CHARITY
Notes to the Accounts for the Year Ended 31 March 2025
6 PROPERTY
The property was acquired by the Charity in the 17th Century with additions early in the 19[th] Century. It has not been possible to determine the original cost and the Trustees have not deemed it necessary to obtain a professional valuation, therefore no value is placed on the land and buildings controlled by the charity.
7 INVESTMENTS
| INVESTMENTS CAPITAL ACCOUNT Charifund Income(400 Units) CCLA COIFincomeShares (2,722 units) M&G Charity MultiAsset Fund(47,866.521 units) INCOMEACCOUNT CharifundIncome( 1,093units) Charifund Income (1,469.53units) CharifundIncome(1,070 units) CharifundIncome( 637.26 units) EXTRAORDINARY REPAIR FUND CCLA COIF Accumulation Fund ( 384.65 units) CREDITORS ANDACCRUED CHARGES Water Gas Accounts Electric Rents In-advance Maintenance |
£ £ 31/03/2024 31/03/2025 Market Value Market Value £ £ 5,824 6,073 55,617 53,026 43,515 44,554 104,956 103,653 15,915 16,595 21,398 22,312 15,580 16,246 9,279 9,676 62,172 64,829 98,880 96,916 266,008 265,398 £ £ 500 748 205 492 60 424 651 120 2,057 1,143 |
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8
DR BABINGTON'S ALMSHOUSE CHARITY
Notes to the Accounts for the Year Ended 31 March 2025
| 9 PROVISIONFOREXTRAORDINARYREPAIRS Opening Balance Transferto/(from) Revenue Revaluation Surplus/(Deficit) FUTURE CYCLICAL REPAIRS&MAINTENANCEFUND Balance - opening and closing 10 ACCUMULATED FUND-CAPITAL ACCOUNT Opening Balance RevaluationSurplus/(Deficit) 11 ACCUMULATED FUND- INCOME ACCOUNT Opening Balance (Deficit)/Surplus of Income over Expenditure RevaluationSurplus/(Deficit) |
££53,515 60,877 -3,475 -6,250 10,837 -1,964 60,877 52,663 £ £ 566 566 112,277 117,546 5,269 -1,303 117,546 116,243 97,433 97,075 799 3,546 -1,157 2,657 97,075 103,278 |
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Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ members of Dr Babington’s Almshouse Charity
On accounts for the year 31[st] March 2025 Charity no 218754 ended (if any) Set out on pages (remember to include the page numbers of additional sheets)
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/03/2025
- Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
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accounting records were not kept in accordance with section 130 of the Act or
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the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
| Signed: Name: Relevant professional qualification(s) or body (if any): Address: |
L S Turner Date: |
7 May 2026 |
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| Louise Turner | ||
| Association of Chartered Certified Accountants | ||
| LST Accountancy Limited | ||
| 32 Quorn Close | ||
| Loughborough, LE11 2AW |
1
October 2018
IER
Section B Disclosure
Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
2
October 2018
IER