THE WILLIE SEAGER MEMORIAL HOMES
FINANCIAL STATEMENTS
31 MARCH 2025
Chwlty mumb0r21￿6
Chartered Accounlants
151 FICKK. Tudor H(xtse
16 Calhedral R￿1
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
21￿8
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 durI￿the perk)d were as folky￿.
Captaln H Jones ICwit¥th Trustee)
Mrs G Spencer {Ctroptatfve Trvsteel
MrGMoore
{QkoptaEive Trustee) Reslqned20Februory202S
Mr S Ralph
{Cl￿0ptatI4￿ Trustee)
Mr cwoo0￿ard {Ctroptative Trustee) Ap￿Inted5 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 CO￿5[￿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 LieU￿nant 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 REPoRT￿th
YEAR ENDED 31 IIARCH 2025
The AImS￿￿seS are available to let to lrtfirm persons in need I'except in S￿10[¢•5¢5 as the Tr￿tse$ shall
deterrnlne'l. aged 60 and over and belng elther:
11 person5 hav￿ a connertk￿ ty rtshlence or othe￿7$e wth 5cwth Wales arnl a connèclh)n with the
shlpplng Industry w?￿¢her by reason of ha41￿ eamd thElr lfvellhood at s•a or at the dock5 of South
Wales o¥otherwbe; or
2) be the wldovts/wAdo**ts Df tIK)se quBINled 45 afores•kl.
To cv4er the w5t of Thnnln8 the &vtloprnn¢ the ijccw>ants of the P>nslXX￿ pay a Vlèekty Malntenance
Contdbvtlon,. whkh ts revlewed annual* by theTnJst*¢s.
The charltyobJeCit￿$thte¢h￿tt￿trwtee$Sh1ll aFvlythtln(omeofthech•rftyforthe benefitofthe resldBnt5
the AlmSh￿se5 of thp tharbtyor anyof thun kn S￿*b 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 Ir￿pectIons.
Varlous Other replrs to some Indmdual propertle
Re8ular $theme vtslts ￿ manaynent ind MaIntena￿ staff.
I cott4e was re.kt kn 202412025.
The Weekly MalntenJKe ContrfbJtlon pei cottap dllr1￿ 2024n5 was £91.28,. As at 31 March 2025 £708.54
was owed by occupanis In res￿ ol Weekly MaIntena￿e Conlrlbutlons 4nd £51SA8 was Prgpald, beky 0.1%
10.2% 20231Z4} oftht char8e whk* wa5 ￿l￿d ihr¢)ughout theyeBr1£47,648}.
Detalled nnal draftflnandal Inft*matlon ¥rassubmlttedto a rneetlngglthe Trusi and oppro¥ed bytheTru5tee$.
the resultlng final ver5k¥￿ ol the Independent Exanlner% repDrt Statemenl of Fhandal A￿l￿tIes, and Balan
SheeL are provlded onthe followts pw.
In Summary. Trwte4 thanks to the serv1￿5 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 MIdd￿terffl 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 É6￿52. yearther¥
was £6.253. of e￿PtIOnal malntenance costs PrImar￿ rèlatin8 to a T￿Id 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 Irr￿lments wNth *fjll be used to fvnd lutvre ¢¢traordh)arywork.
PoN¢y
1115 thèTrUst'Sp￿IrytOaCCumU1ate 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, s￿h a5 external and Inter￿1 decorathin. Total heid at31 March 2025 £31,860
131" March 2024 £31wII.
Inb•stmetht Pollcv
The Trustcontlnue5to 1n¥estthethar*le5ca￿ts1 aThl deslgnatedfundslna b*ance 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 I￿95% 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 Id￿n* as ￿11 as the annual safety ond f￿rtIne malntemnce olthe
cottage&
STrUCTUAI GOVEHNAIKE AND PalNAGEfv
The tharltyls 8overrnd tya scheme approved tythe a￿rfty 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￿ {Aek￿l 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 cMptat￿e. t4omln3tfve
tru5ttes sh￿1 be ipOnted by ￿rdIff (Jty co￿￿11 for a temi of four ￿ar& Co-QPtatfve Trustees shall be
appolnted for a term ot fve yeats ty a resol￿0￿ of the Tnistee5. New T￿￿tee5 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 thÉmse￿ts of semlnars and tralnl
urse50f relenn￿ whlth are made avallable thwh the ￿kn$h￿ AV￿￿kn.

THE WILUE SEAGER MEMORIAL HOMES
TRUSTEES ANNUAL REPORT(EMth
YEAR ENDED 31 MARCH 2025
INDEPENDEIIT EXAMINEA
Farzana Ahmed Iws been rÈ-apptsknted aslntyndent examlner fortheensUlry￿r.
Sbed by orts ol t￿TruStee&
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 v￿rth
2025 whith are SEt out on pages 8 to 17.
RESPONSIBIUTIES AND BLSIS OF REPORT
As the charit*s trustees yov •re iesp(wlble for the weparatkn of the •etounts In ￿rda￿e 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
carryI￿outrny examlnathn I havefolb)wed avtheapplkable DI￿￿5￿n tythe Charlty CorNnLssion undor
sedlon 14SI5Kbl of thè Act.
Ind•p•tht eumln•r% %t•t•mtrt
I have completed MY￿amInatIOn. I ￿nIlmi th•t Th) mater5al M￿tets hmcome to my •ttenllon tn ￿nnectIon
vlth the examlnalkn me cBu5e to be1kn*t￿l In any m¥tsrfal r•specL
cO￿tr￿ rertydswere not kept In respert Oft￿ dwrfty*s r•(yJlred tyser*lon 13D Oft￿ A¢ or
2. the accounts do ac¢ord wlth thost r*tyd>. or
3. the account5 do not compfy ¥Ath ihe appMcablE req￿rem•￿ts concernlng the form and cont•nt of
atcounts set our In the CharltSes (A￿nts 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 con￿M5 and ha¥e come •c¥oss no 0￿r matters In wnnecllon wlth the Èxamlnatlon to whkh
•ttent5on should be dr￿rn 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 Tol*1
Totsl Fund5
2024
2015
INCOhff AND ENDOWMENTS
Charltable actMt*s
Inwstment
46￿57
5.6S3
46￿7
5.65a
41435
6.766
TOTAL INCOME
51610
51.610
49,201
EXPENDITURE
ExpeThJiture on d*rhable
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
I￿29.2?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
2￿25
FIXED ASSETS
Tan8lble assets
I￿estments
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
a94￿34
64L275
91X,994
620.280
YOTALCHARITY FiINDS
19
&536.109
¥529.274
These flnanclal sLitements apwoN*d tythe ofthècommlttsv and wJthorlsed for ts5ueon the
b& lJ.i.IA.r2.a<.. and •re s*ned 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 UnIn￿rPo￿trd.
The addre$5 ol ihe prIrK1￿l offk* Is Aelvrt Hous1￿ A550dthn, GrouTh£ Floor. Unit 9 Ty Nont Court.
Morganstown. CF15 8LW.
2. STATEM£iif OF COMPUANCE
Thesè finandal staternent5 have been prepartd In complIan￿ ¥Ath FAS 102, Yhe FSn•ndal Rep￿Ing
Standard applICab￿ In the UK and the Republlc of Irelarxl.. the Ststement of Recomn*nded Practl¢e
applIcab￿ to charitles wewlng thelr accounts In aC￿r￿a￿e wtth the FInan￿1 Reportlng Standaid
appllcable In the UK and Republtc of Ir*￿ttd {FRS 102) Ichjdtles SORP IFRS 10211 arbd the Charltles A
201L as well as appkable dwrfty law.
3. ACCOU14Tr1G POLiaES
Basts olproparntlon
The flnaKlal ststements been wepared th the h15torka cost b￿15. as modlfled by the
revaluatlon of certsln Ilnandal assets 4ThJ knblmtles and trfftstmwts me￿￿Ed •t lalr value th1￿ryh
Income or wèndltwe.
Thefln•nclal st*ements #re wepared In whkh ts ihe fth%tFonal currency Oft￿ entlly.
Golw ¢*)n￿￿
There are nts materfal uncertakntle$ 81)out the th•rW$ 8bMAy to UJnt1n￿ as a 8olro wncern.
Jud8•n•nts •nd k•ysowcu ol wllmjtlon untwl•lnty:
The pr*paratlon of the It0￿¢6?1 statements rwAres management to make I￿￿eMents. e5tlm?te5 and
as5umptlons ihat affttt the amounts rep￿￿L The* estlmates aiml ju(*ements pre ¢ontlnuallv
revlwwed 8nd are based on eXperIe￿e and other fadots. lrKhJd1￿ ewxctatlons of future wents that
¥e ts￿l￿edtts be reasonable under the
Thue are no s*nllkant ￿￿ents or e5tlm*knn ￿certa￿lISes 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)e5*nated furth are un¢estthd furth earnw*ed ￿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)
In￿mIni resouffes
All Incomin8 re50urce5 are I￿l￿ded In thestatement of flnartdaf actfv6￿esWhen entltlement has passed
to the chailtY• It Is pmbable that the ecowmk beneffts assodated ￿th the tran￿£t￿l￿ wlll now to the
charltyandthe amounton be reltabtymeasured. Thefoll(Av1￿ spedfitpollcles are applledto partlcular
cate8orlesof In¢ome:
Incomefromdonatlonsor grants Isre(ogN15edwhen there IS￿deNe01 entlttementtothe glfL
recelpo Is probable. and its an￿￿￿1 can be measured rellably.
legacy Inrtyne15 retO8nked when recw ts wobable, and entl￿ementI5 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
re￿Ned If theyab￿ can be relknbfymeasured. Ilo amounts are Included forthe contrltsJth>n of
gener￿
R?￿re￿ •xpend•d:
Expendtture l¥ recoBnts•d on an 0￿U•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 l￿draIsI￿ •cthltles e￿rrtS ￿n-
charflable tradln8 •CtfvM and the sale of donated gcrfxts.
expendlture on tharltable •cIMt￿S tr￿Uths all costs Incuyred ty • dwrltyln ￿￿ertakIng
xtlvllles that further Its thartt•ble akns for the benefft ￿ its be￿Ik￿ar1e& Indudln8 those
sU￿￿rt ¢￿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 eXPe￿IltUre on charitable xtlvities.
AR costs are allocated to expendlture cate8￿￿ reflert1￿ the use of the resource. Dlrert costs
attrlbutable to a sI￿le admty are alk￿a￿d dIreCt￿ to ihat actlvlty. Shared costs are apporttoned
betwoon the ¥tMths ihey Conid￿ to on a reasonabi•.Justlflth. ar￿ ¢onSIst￿t bas1
T4wlbl• •sJ•ts
Tanglble 455ets are wecordpd at C05L subSequ￿tlY stated at ￿5t le55 any accumulated
depreclatlorL
Depre¢iatlon15 cakdated to Write off tk ¢os¢ of an assel less115 e5t*nated re5kktsl vaW*. O*f the
useful e￿nomIC 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
. IOye*s s¢r*it h'ne
-11

THE WILLIE SEAGER MEMORIAL HOPJIES
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
3. ACCOUNTING POUCIESI(&YMh￿J
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 In￿tn￿t5 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 ¢M￿n(￿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 en￿ty becomes a party to the
contra¢tu•l 5YtyAslort4 of the Instnjnert.
8ask nnandal Instrum•nts arn InStL41y reco￿￿ •t Ihe arno￿t re￿￿b￿ 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 Irbvestft￿S In sh•res OT preference 5hrt •re p￿IldYt1Jd￿d or thelr fatrvalue can othen¥tse
measured rell•bty. thè trN¢stfftht Is subsequerfty measured * lak value wlth bn f4lr v•lue
re¢08n￿ed In Incorn• and •xpendhure. All other such Inb*stments 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
VM*rfrl¢l•d Total Funds Unrestrlcted Totsl FyThls
Funds
Fund5
2024
InYe5trnent kKome
s￿53
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
SuP￿rt costs
37A27
740
14,160
51587
740
81.167
51327
UNestrlLled EThJo￿t Total Fund5
Funds
Funds
2024
Operntlon ofAlmsfvAMes
Supyt costs
43,119
41
S6￿60
1.389
13.441
57,949
7. COSTSOF CHARITABLE ACfMTIES BY ACWMTYTYPE
undert•*e
dlrertly Supportcosb
Tol*l 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
OtP*r8aln¥llossesl on khE5tments
38A*7
38.067
38A￿7
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* tr￿peTrdent exarrblner fw IndeperKl•)t examlnath)n
ofthe flnandal statements.
860
12. STAFF COSTS
Honorarla of £3￿ was pakl to M 1*4h512023.24 £4501.
13. TRUSTEE REMUNEKATION AND EXPENSES
No remunwatl0n0r￿￿r benefits frorn ern￿O￿￿errtW1th 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 Apr112￿14
Addfjtlons
1,250,000
20.722
At 31 March 202S
1,2YO,Y22
DEPRECIATI￿4
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
In￿ltm•￿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 lnVutn￿￿ts slby•m ab¢Ne ar• held ￿ ¥al￿tE￿
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 aCcn￿d 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
Bal*Ke •t
14WII 20
balanc4 41
£m￿thrn G•lr*lios•N YI M•rth 2025
Comblned walrs
fund
Genetsl Funds
31A60
588.420
31*0
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
38￿7
577.520
49.201
38067
620280
The trtL4lee5 have mer8ed the Cydkal ma1ntsna￿è 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￿
By4￿34
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
S94￿34
SIIS16
0.590
36.109
Tangl￿e
flxed assets In¥estnients ￿rIen1 assets
Current
lknbllltles
Totsl 2024
Endowment Funds:
Capltal fvnd
908,994
Unrestrlrted Income F￿d5.
Deslgnated funds
General fuTrJs
31.860
31￿60
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-