THE WILLIE SEAGER MEMORIAL HOMES FINANCIAL STATEMENTS 31 MARCH 2025 Chwlty mumb0r216 Chartered Accounlants 151 FICKK. Tudor H(xtse 16 Calhedral R1 Car(gff CF119LJ
THE LLIE SEAGER MEMORIAL HOMES FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 CONTENTS PAGE Trustees annual report Independent examkner'5 report to the trustee5 Statement of flnandal actmtles Balance sheet Notes to the fknond•l statrments io
THE WILLIE SEAGER MEMORIAL HOMES TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2025 The trustees PTe5ent thelr report and the unaudited finand•l statements of the company for the Or ended 31 Marth 2025. REFERENCE AND ADMINISTRATIVE DETAILS Re8lstered charfly name The Seager Menwrlal H¢)mes Charlty r4lstratl¢>n number 218 Prfn¢lpal olff¢e MTS S Lee Aetr•ryd Housl 9Ty Nant Court ML)r8an510Wn Cardlll CF15 8LW The trusiee5 The trustees WIK) seryed the company durIthe perk)d were as folky. Captaln H Jones ICwit¥th Trustee) Mrs G Spencer {Ctroptatfve Trvsteel MrGMoore {QkoptaEive Trustee) Reslqned20Februory202S Mr S Ralph {Cl0ptatI4 Trustee) Mr cwoo0ard {Ctroptative Trustee) ApInted5 October2023 Mrs Cjones (Co-OPtatfveTrustee) Appolnted 20 Febrwry2025 Laty H L Joms (Nemlnatfve Trustee) Indepe1?t examlnor Fwzana Ahmed ACCA 1st Fbor, Tvdcff House 16 Cathedr•l Road CaidSff CFII 9U OBJECTIVES AND AcnvMES The Charlty runs the Wlnle Se4er Memorlal Homes, a development of 10 'Almshouse5' In Westvllle Road, Penyl¥n. Cardiff. The horne5 were CO5[J¢ted in 1996 and replaced the former Almshou5e5 on fand ai the lunctlon of Colchester Avenue and Newport Road, Peny4n, Cardwf, whFch had been constNcted In 1939 by Slr Wlulam and Lady Seager In memory of thelr son, Second LieUnant Wllllam Henry Iwllliel Se#ger of ihe 11]h South Wales Borderers. who was kined In aLlion al HEY Chapelle. France on 7th Febru•ry 1916. aged 23. Trustees had agreed the rno¥e to WestvHle rioad followlng an approa¢h from Cufver Holdlngs PIG who had owned property adio•nI the slte of the formerAmshouses. and who had wanted to acquire the site. in order lo èxpand the5r exbstlng premSses and procure 4 more prominent corner 5110n for themselves, and who had therefore offered io acqulre an alteTnatlve slte. bulkl replacement Almshwses on that 51te. at no cost t¢ the Charlty except for the loss of what had, then. become an ursuitatle Sitc as a result of surroundSng indu5trlal and c¢)mmèrdal prpssure5.
THE MLLIE SEAGER MEMORIAL HOMES TRusfEES ANNUAL REPoRTth YEAR ENDED 31 IIARCH 2025 The AImSseS are available to let to lrtfirm persons in need I'except in S10[¢•5¢5 as the Trtse$ shall deterrnlne'l. aged 60 and over and belng elther: 11 person5 hav a connertk ty rtshlence or othe7$e wth 5cwth Wales arnl a connèclh)n with the shlpplng Industry w?¢her by reason of ha41 eamd thElr lfvellhood at s•a or at the dock5 of South Wales o¥otherwbe; or 2) be the wldovts/wAdots Df tIK)se quBINled 45 afores•kl. To cv4er the w5t of Thnnln8 the &vtloprnn¢ the ijccw>ants of the P>nslXX pay a Vlèekty Malntenance Contdbvtlon,. whkh ts revlewed annual by theTnJst¢s. The charltyobJeCit$thte¢htttrwtee$Sh1ll aFvlythtln(omeofthech•rftyforthe benefitofthe resldBnt5 the AlmShse5 of thp tharbtyor anyof thun kn Sb manw asthe trustees thlnk flifrom tlme to tlwm. The Trustt8s confirm that they h4¥e referred tothe wld•nce contalnEd In thè Charfly Cbmml$4on's Renernl Guldance on public benth revIew1 The VA Swer Memor[81 Home< ¥lm5 and objeith, nd In plannln8 futu ortmtles. ACHtEVEMENT5 AND PERFORW4NCE has undertaken the folbwlnl works kn 2023ft024, on bRhalfofthe TnJ51ee5: Routlne m3lntenance of8rounds & wlndThv thanh Annual ias safety IrpectIons. Varlous Other replrs to some Indmdual propertle Re8ular $theme vtslts manaynent ind MaIntena staff. I cott4e was re.kt kn 202412025. The Weekly MalntenJKe ContrfbJtlon pei cottap dllr1 2024n5 was £91.28,. As at 31 March 2025 £708.54 was owed by occupanis In res ol Weekly MaIntenae Conlrlbutlons 4nd £51SA8 was Prgpald, beky 0.1% 10.2% 20231Z4} oftht char8e whk wa5 ld ihr¢)ughout theyeBr1£47,648}. Detalled nnal draftflnandal Inft*matlon ¥rassubmlttedto a rneetlngglthe Trusi and oppro¥ed bytheTru5tee$. the resultlng final ver5k¥ ol the Independent Exanlner% repDrt Statemenl of Fhandal AltIes, and Balan SheeL are provlded onthe followts pw. In Summary. Trwte4 thanks to the serv15 of Aelwwl Hou51r¥ ASS0dat are cfjnunutr to Improve t quallty of Iwe of the resldents, but remaln ever mlThlful of the need to monltor, an(i where ne¢tSSaryi addres the level of furttl1 requlred to malntaln such contlnulty In thè MIddterffl and lon8-teTm fviure.
THE WILLIE SEAGER MEMORIAL HOMES TRUSTEES ANNUAL REPORT (¢• YEAR ENDED 31 MARCH 2025 FINANCIAL REVIEW Thp Chartty made a galn of£6,835 for theyear ter a net 8aSn on In¥•51ments of É652. yearther¥ was £6.253. of ePtIOnal malntenance costs PrImar rèlatin8 to a TId property ralecor•tton. The Trustees are s•tlsfled that the CharFtVs own TesounEs are sufflclent to merf fvture finand need5. The Trts5t h85 £511516 01 Irrlments wNth fjll be used to fvnd lutvre ¢¢traordh)arywork. PoN¢y 1115 thèTrUst'SpIrytOaCCumU1ate In¢ome•nd iwjlld upre5eNesln orderlo estsb115h and malntskn a comblned reptlrsfund 14thlch Is used for major.0 Yepalrs and ItryJrv4•nent4 Iwch as re-wooflryg orprolldlng a new central hèat1 5y5tem). or for rebulldkl and ordknary items of maInten4n •nd repalr whkh rncur at Infrequent but re8ular InteThals, sh a5 external and Inter1 decorathin. Total heid at31 March 2025 £31,860 131" March 2024 £31wII. Inb•stmetht Pollcv The Trustcontlnue5to 1n¥estthetharle5cats1 aThl deslgnatedfundslna bance ofc•5h.¢harrtyflxed Inlerest and equtty. The Objec olthe In¥estment 5trnts8y15 to prulkle knth Inc¢me capltal appredatlowr, PLAN5 FOR FUTURE PERIODS Lo)kln8 ahead to IlnarKlalyear 202512026, IhE Tru5tee5 Iwve •ppled an Infiatlonary hTh•se of I95% to t weekly maknten?nce contrfbutknns Incfease of £10 per week per P#%nè. A number of smaller knprovementS will be undèrtaken to enh•nc¢ the Idn as 11 as the annual safety ond frtIne malntemnce olthe cottage& STrUCTUAI GOVEHNAIKE AND PalNAGEfv The tharltyls 8overrnd tya scheme approved tythe arfty CommlssFon. bnd se•led on 19th September 198S and amended on 16th Octobew 2014. and aflsesfrom a COnvEyan and Twst deeddated25th Marth 1939. The Iru5tCCs are asslsied by Ae1 Hous1 {Aekl In manath and malntalnln8 the properl In llnp wlth Servlce A4reement between the t¥ partles arml also provhk KCountI supwxt for the Trust. Trnstees are grateful to Martln who bas acted as Clwk In wldlng 4dmlnlstTatl¥* aSSiSiance lor The body of Trnthes shall con5bt of up to seven people, nomlnatfve and five cMptate. t4omln3tfve tru5ttes sh1 be ipOnted by rdIff (Jty co11 for a temi of four ar& Co-QPtatfve Trustees shall be appolnted for a term ot fve yeats ty a resol0 of the Tnistee5. New Ttee5 are IntmdLKed to the Almshouse resldents and are made aware of the charf$ obJ#ts and Irs operatlorn Thè Board meets formal at least twice a year. Twslee5, Indmdually. v1511 resldents and Aelwwl, thmueh a seThtce a£ement also vlslt the s¢heme at lea5tmtsnth. 14ew Trustee5 aTe introduced to the operath)n ofThe WI11 Seager Charfty and are made aware of the Charws oblects. Trustees are encoutag&d to Ydll thÉmsets of semlnars and tralnl urse50f relenn whlth are made avallable thwh the kn$h AVkn.
THE WILUE SEAGER MEMORIAL HOMES TRUSTEES ANNUAL REPORT(EMth YEAR ENDED 31 MARCH 2025 INDEPENDEIIT EXAMINEA Farzana Ahmed Iws been rÈ-apptsknted aslntyndent examlner fortheensUlryr. Sbed by orts ol tTruStee& thalrnIa WJIME Sew Memorfal tr*ymes Date.o.1.1.1.l.a.)j5
THE MLLIE SEAGER MEMORIAL HOMES INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE WILLIE 8EAGER MEMORIAL HOAIES YEAR ENDED 31 MARCH 2025 l report to the charity trustees on myexamlnatk•n of thexuunts of tkn tharltyfDr the syjr ended 31 vrth 2025 whith are SEt out on pages 8 to 17. RESPONSIBIUTIES AND BLSIS OF REPORT As the charits trustees yov •re iesp(wlble for the weparatkn of the •etounts In rdae wlth the requlremetsts ol the Charth$ Act 20111.ihe ACYL 118POrt In res of my examlnatlon of the charlrfs acccthts carrled out under 5ectknn 145 01 the A¢t and in carryIoutrny examlnathn I havefolb)wed avtheapplkable DI5n tythe Charlty CorNnLssion undor sedlon 14SI5Kbl of thè Act. Ind•p•tht eumln•r% %t•t•mtrt I have completed MYamInatIOn. I nIlmi th•t Th) mater5al Mtets hmcome to my •ttenllon tn nnectIon vlth the examlnalkn me cBu5e to be1kntl In any m¥tsrfal r•specL cOtr rertydswere not kept In respert Oft dwrftys r•(yJlred tyserlon 13D Oft A¢ or 2. the accounts do ac¢ord wlth thost rtyd>. or 3. the account5 do not compfy ¥Ath ihe appMcablE reqrem•ts concernlng the form and cont•nt of atcounts set our In the CharltSes (Ants and Reports) Regulauons 2CA)8 other thDn requlrement thatthe accountsKtr a'true 4nd f•lrvFthrf t*hlch1s not a mbtt¢rcoTrsldered as part of an Independent exam5natlon. I no conM5 and ha¥e come •c¥oss no 0r matters In wnnecllon wlth the Èxamlnatlon to whkh •ttent5on should be drrn In thls report In OTdw to ènab a proper understan¢lng ol the accounts to rw¢hEd. Faizana Pthmed ACCA For and on behalf of Carston ETL Flrst Floor, Tudor 16Cathedral Road Cardfff CF119U Date:.i.fjl,, I
THE MLLIE SEAGER MEMORIAL HOMES STATEMENT OF FINANCIAL ACTivmES YEAR ENDED 31 MARCH 2025 Unrtttrleied Funds FAthwmemt Tol1 Totsl Fund5 2024 2015 INCOhff AND ENDOWMENTS Charltable actMts Inwstment 4657 5.6S3 467 5.65a 41435 6.766 TOTAL INCOME 51610 51.610 49,201 EXPENDITURE ExpeThJiture on drhable actfvllle5 lJ8,1671 138,1671 (14.1601 {5U27) (52,3271 {57,9491 {57.9491 TOTAL EXPENDIWRE Net ylns/(los%esl on lThftstment$ 9 NET INCOME AND NEf hThTlblEIIT IN FUNDS 6,552 551 38.067 10,995 IMAS01 35 29.319 RÉCONCIUATION FUNDS Total lunds trxought lorw•rd TOTAL FUNDS CARRIED FORWAftD 620280 9Q4994 I29.2?4 IA99,955 641J75 894,834 iJ%.109 L529,274 Th•Statement olftnandal •ctMtles Ir•¢kNles 4118alr6 and In the year, All the amounts relate to contlnuhw acllvltbe5. Th• nol•• on p4g•J 10 to 17 lum pwtof thBufffl)¢l•l sl•twwts.
THE MLLIE SEAGER MEMORIAL HOMES BAIANCE SHEEr 31 MARCH 2025 225 FIXED ASSETS Tan8lble assets Iestments 14 9W56 $11516 908,994 Lwoll 1.414,958 CURREP4Y ASSETS Debtor5 Cath at bank ifj 9.267 101323 5,331 111,763 110.590 12J531 117.094 {2,7781 CREtxroRS: Amountsl•llk¥ dwwllhln on• 17 NET CURRENT ASSÉTS 104037 114,316 TOTALASSEfs LESS CURRENT LIABIUTIES &536.109 LS29,274 NET ASSETS 1.5410 L529.274 FUNDS OFTHE CHARny Endowment lund5 Unrestrlcted Income ftumls 17 a9434 64L275 91X,994 620.280 YOTALCHARITY FiINDS 19 &536.109 ¥529.274 These flnanclal sLitements apwoNd tythe ofthècommlttsv and wJthorlsed for ts5ueon the b& lJ.i.IA.r2.a<.. and •re sned on thetr betA Trltrf. Prknt Nan Prlnt N•me
THE WILUE SEAGER MEMORIAL HOMES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 GENERAL INFOMTION The charltyls putdk benefft Èntltyand a fe8Lstered tharlty In Ewaland &nd Wales and Is UnInrPotrd. The addre$5 ol ihe prIrK1l offk Is Aelvrt Hous1 A550dthn, GrouTh£ Floor. Unit 9 Ty Nont Court. Morganstown. CF15 8LW. 2. STATEM£iif OF COMPUANCE Thesè finandal staternent5 have been prepartd In complIan ¥Ath FAS 102, Yhe FSn•ndal RepIng Standard applICab In the UK and the Republlc of Irelarxl.. the Ststement of Recomnnded Practl¢e applIcab to charitles wewlng thelr accounts In aCrae wtth the FInan1 Reportlng Standaid appllcable In the UK and Republtc of Irttd {FRS 102) Ichjdtles SORP IFRS 10211 arbd the Charltles A 201L as well as appkable dwrfty law. 3. ACCOU14Tr1G POLiaES Basts olproparntlon The flnaKlal ststements been wepared th the h15torka cost b15. as modlfled by the revaluatlon of certsln Ilnandal assets 4ThJ knblmtles and trfftstmwts meEd •t lalr value th1ryh Income or wèndltwe. Thefln•nclal stements #re wepared In whkh ts ihe fth%tFonal currency Oft entlly. Golw ¢)n There are nts materfal uncertakntle$ 81)out the th•rW$ 8bMAy to UJnt1n as a 8olro wncern. Jud8•n•nts •nd k•ysowcu ol wllmjtlon untwl•lnty: The prparatlon of the It0¢6?1 statements rwAres management to make IeMents. e5tlm?te5 and as5umptlons ihat affttt the amounts repL The estlmates aiml ju(ements pre ¢ontlnuallv revlwwed 8nd are based on eXperIee and other fadots. lrKhJd1 ewxctatlons of future wents that ¥e tsledtts be reasonable under the Thue are no snllkant ents or e5tlmknn certalISes th•t would a maiertal effeci on the accoun Fund ae¢ountln8 Unrestrfcted funds are a¥allable for u5eat t dlscretM)n olthe tn15tees in fWthefan of the purpo of the tharlty. UnrestrlLted fund5 kndude a rwdhralkin resetve represent the Te5tatemeni of IfNèStment assets at Markrfyak l)e5nated furth are un¢estthd furth earnwed the trustees for spedftc p4wpose5. The FErman?nt endwnent fvrrtl relates to the pmpErty depredatlon of the property bs chaoed agalnst IL .10-
THE WILLIE SEAGER MEMORIAL HOMES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 3. ACCOUNTING IY)LICIE5l¢wtlJw•4) InmIni resouffes All Incomin8 re50urce5 are Ilded In thestatement of flnartdaf actfv6esWhen entltlement has passed to the chailtY• It Is pmbable that the ecowmk beneffts assodated th the tran£tl wlll now to the charltyandthe amounton be reltabtymeasured. Thefoll(Av1 spedfitpollcles are applledto partlcular cate8orlesof In¢ome: Incomefromdonatlonsor grants Isre(ogN15edwhen there ISdeNe01 entlttementtothe glfL recelpo Is probable. and its an1 can be measured rellably. legacy Inrtyne15 retO8nked when recw ts wobable, and entlementI5 e5tab115hed. Income fwom d(Mwied 8ood515 rn&ed at the falrvalut olthe goods unlessthls Is knpr8Ctkal to measure rellabfy, In whkh case thÈ value Is derhed from the cost to the donor or the estknated resale value. D(wled ladlues •nd servkes are reco8n15ed lil il actounts whÈn reNed If theyab can be relknbfymeasured. Ilo amounts are Included forthe contrltsJth>n of gener R?re •xpend•d: Expendtture l¥ recoBnts•d on an 0U•l5 bJ51$ w • Il•blllty 1$ IrKurred, E¥pwdltwe Induths ary VAT whkh (ty)l be reco. and15 da54lled under headlry of the statement of f[nanCL 4ctMtle5 to whkh It relates: •xpendltvre on fur#ls Indudes the c4sts of Ill ldraIsI •cthltles errtS n- charflable tradln8 •CtfvM and the sale of donated gcrfxts. expendlture on tharltable •cIMtS trUths all costs Incuyred ty • dwrltyln ertakIng xtlvllles that further Its thartt•ble akns for the benefft its beIkar1e& Indudln8 those sUrt ¢ts and costs relatln8 to tP 8ovwnante of thÈ tharfty •pportlr>ned io thart¢able otherexpendlture Inc14wJes all exptndlturn that Is nelther related to ra155n8fundsforthe ¢harlty nor part of Its eXPeIltUre on charitable xtlvities. AR costs are allocated to expendlture cate8 reflert1 the use of the resource. Dlrert costs attrlbutable to a sIle admty are alkad dIreCt to ihat actlvlty. Shared costs are apporttoned betwoon the ¥tMths ihey Conid to on a reasonabi•.Justlflth. ar ¢onSIstt bas1 T4wlbl• •sJ•ts Tanglble 455ets are wecordpd at C05L subSequtlY stated at 5t le55 any accumulated depreclatlorL Depre¢iatlon15 cakdated to Write off tk ¢os¢ of an assel less115 e5tnated re5kktsl vaW. Of the useful enomIC IKe of that awt as1011 Freehold property Refurblshments Bolter Flrt Oeteciion - o¥er93 yews stralght hne . o¥tr 25 stralBht Ilne . IS years straknt ljne . IOyes s¢r*it h'ne -11
THE WILLIE SEAGER MEMORIAL HOPJIES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 3. ACCOUNTING POUCIESI(&YMhJ In¥esthients Unlhted equity IrNestments a {tIalty recorded * com and wbsequentty measured at falr w4lue. If f¥lrv•lue camot be reNabty rneasured. assers are measured at cosi less knpilmwiL Ltsted Intnt5 a mtasured at falr¥atue vAth d•eS Inlalrvalue bel reain15ed In Income QT exp¢ndltUM. Galns avvj losses aflstr on dtsposal are reco8idsad In ihe Sncome WKI ¢Mn(ture •c¢y)unt. Unreallsed and losse5are reco8nb5ed In the stal¢ment ol lIn actlvttles. Dlvklends. IndUd the 8pproprlate tax uedlts •pplkablp. •re credlted to the Income and Expendltur• xcount when t1 are recet4td. Flnanclol Insirnm•nts A flnandal asset or • fln•bal mablllly Is recoenlsed only the enty becomes a party to the contra¢tu•l 5YtyAslort4 of the Instnjnert. 8ask nnandal Instrum•nts arn InStL41y reco •t Ihe arnot reb or payablè kndudln8 ony relaied trans•ctlon ¢051& Current assets and furrnnt Ilat4lt5es Ire subse4uenty measured it the or other consldorntlon expEded to b• pald or and d5fOUrted. Where IrbvestftS In sh•res OT preference 5hrt •re pIldYt1Jdd or thelr fatrvalue can othen¥tse measured rell•bty. thè trN¢stfftht Is subsequerfty measured * lak value wlth bn f4lr v•lue re¢08ned In Incorn• and •xpendhure. All other such Inbstments are subsequent# mo8svred at rx)rt less Imp•lrment. 4. INCOME FIIOM CHAHrrABLE AcllvmES thw•stdded Total Funth Uhre51rtrted TotAI Funds Fundi 21n5 Funds 2024 Weekly malntenance contrlJuth)ns 16957 46,957 42A35 41435 5. INVESTMENT IIICOME VMrfrl¢l•d Total Funds Unrestrlcted Totsl FyThls Funds Fund5 2024 InYe5trnent kKome s53 5,65> 5ffi53 6.766 .12.
THE MLLIE SEAGER MEPIORIAL HOINES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 6. cosrs OF CHARITABLE ACTMTIES BY FUNDTYPE Unre51ikted Endowment Total Fund5 Funds Funds 2025 Operation ofAknshowes SuPrt costs 37A27 740 14,160 51587 740 81.167 51327 UNestrlLled EThJot Total Fund5 Funds Funds 2024 Operntlon ofAlmsfvAMes Supyt costs 43,119 41 S660 1.389 13.441 57,949 7. COSTSOF CHARITABLE ACfMTIES BY ACWMTYTYPE undert•e dlrertly Supportcosb Toll Funds Total Funds Z025 2024 51 56360 1,389 Supportcosts 740 740 5L587 740 52.127 57.949 8. ANALYSIS OF SUPPORTcosfs Tothl Fund5 Totsl Funds 2024 740 740 1,329 740 1.329 9, MET LOSSES INVESTh4ENTS LtsK•strlLX•d Totsl Funds Unrestrithd Total Fu¥ nds 1025 Funds 2024 OtPr8aln¥llossesl on khE5tments 38A*7 38.067 38A7 38I167 -13-
THE WILLIE SEAGER MEMORIAL HOMES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 10. NEI INCOME Thlsls Stated after char81. 2025 2024 Depreclatlon ,160 L3,441 I I. INDEPENDENf EXAMINATION FEES 2024 Fee5 payable io rtr trpeTrdent exarrblner fw IndeperKl•)t examlnath)n ofthe flnandal statements. 860 12. STAFF COSTS Honorarla of £3 was pakl to M 14h512023.24 £4501. 13. TRUSTEE REMUNEKATION AND EXPENSES No remunwatl0n0rr benefits frorn ernOerrtW1th the charKyor• related enthywEre rece by the irustee& .14-
THE WILUE SEAGER MEMORIAL HOMES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 14. TANfjIBiE FJXEDA55ETS land & Buudlngs COST At l Apr11214 Addfjtlons 1,250,000 20.722 At 31 March 202S 1,2YO,Y22 DEPRECIATI4 At l Aprll 2024 Charge forthe yÈar Al al Morth 2015 34LW6 14,160 355,166 NET BOOK VAWE Al 31 Mar¢h 2025 915,556 At 31 March 2024 908,994 IS. IMVESTMvirs OthEV Inltm•ts COST OR VALUATIOII At l Aprll 2024 A&Jltlons Net galnslllosses) on rwahth h the ye•r tndad 31 March 2025 505,964 6J52 At 31 M•rch 2025 512.516 IMPAIRMENT Al l Aprll 2024 and JI Marth ziY25 CARRYING AMOUNT At 31 Marth IlJ15 At 31 March M4 All lnVutnts slby•m ab¢Ne ar• held ¥altE Flnondal •ssets hÈld •tf•lrvokotlon: InvestmeTrls are swed atthelrfakvakn atthe iwlarte she&d•ty based on invE51ment perfDmwncc. -15-
THE WILLIE SEAGER MEMORIAL HOMES NOTES TO THE FINANCIAL STATEMEKrs YEAR ENDED 31 MARCH 2025 16. DEBTORS 2025 2024 Trade dtbtors Pr•payments and aCcnd Incor (1701 9A37 163 5,168 5.331 17. CREDIYOAS: AmountsfalIl due Tthln ywr 2025 2024 Trade credltors Rent Control Accruals and deferred 965 2,778 L305 1554 778 18. ANALYSIS OF CIIARifABLE FUNDS Unr•4trl¢t¢d Funds BalKe •t 14WII 20 balanc4 41 £mthrn G•lrlios•N YI M•rth 2025 Comblned walrs fund Genetsl Funds 31A60 588.420 310 609,415 52,610 138.167) P8,167 6.552 620.280 5UIO 552 641J75 B3lancè at IrKome Expendlture 31 March 2024 I hwll 2023 Comblned T¢wk5 nd General Rm¢ts 31,860 545.660 31,860 588,420 493Dl 387 577.520 49.201 38067 620280 The trtL4lee5 have mer8ed the Cydkal ma1ntsnaè fund al the Extr)rdlnary Repairs Fund. Thls fund ha5 been eslabllshed to wovlde for major repalrs or rebutldlng of the property and to repyir its prpperty In xtordafKe wtth a pknned pro8rammeofwv Transfers to these reserves are fflade in accordar*È wllh thè reLommerwJed amunts 15sued by the Almshouse assodatlon amually. Trnnslers from the rese Is the 4nw)uni spent durlng the yeaf on extraord5nary Tepalts and cyclkal rnalntenance.
THE MLLIE SEAGER MEMORIAL HOMES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 ANALY51S QFCHARITABLE FUND51¢ti) Endolwnert Funds Bal¢¢ gt l Aprll 2024 Balance at Tran51erJ 31 MBr¢h 2025 Intome ExpEndlture capi By434 Baknce ai l April 2023 Balan¢e at Tran51w$ 31 March 2024 Incom EyThltuie Pernianent endowment&' Capitsl fund 92W5 (13WII Pemanènt Enthwment capltsl must be rtalned. The fvnd wa5 e8tsbltshÈd kn 1996 and reFryents the h15tork cost olthe bulklltw glfted tothe trust le55 depredatknn. 19. AP4ALY515 OF NET ASSETS BETWEEN FUPIDS T•W• Ilabllltles Totsl 2014 Endowrn•nt Funds: Cawi•I fund 894J134 Unrestrlcted Income Fwmts: Designated funds General funds 3U60 78.730 91,860 609A15 511516 12.5531 Il5531 Total Funth S9434 SIIS16 0.590 36.109 Tangle flxed assets In¥estnients rIen1 assets Current lknbllltles Totsl 2024 Endowment Funds: Capltal fvnd 908,994 Unrestrlrted Income Fd5. Deslgnated funds General fuTrJs 31.860 3160 588.420 SOS,964 11778) 12.7781 Tot•1 Funds 908.994 117.094 29,274 20. RELATED PARTYIRAN&4clloN5 The thar6tywas de11he controlofthe trustees thrnu8lwt thecurrent and prekn year. No transarth)nswlth relat partteswere undertakÈnsw* as are requlred to be dlsdosed tharttles SORP IFRS1021. -17-