## ## ## ||`Page`| |---|---| |`ReferenceandAdministrativeDetailsoftheCharity,itsTrusteesandAdvisers`|`1-2`| |`Trustees’Report`|`3-24`| |`Trustees’responsibilitiesstatement`|`25`| |`IndependentAuditor’sReport`|`26- 29`| |`StatementofFinancialActivities`|`30`| |`BalanceSheet`|`31`| |`StatementofCashFlows`|`32`| |`NotestotheFinancialStatements`|`33- 53`| ## ## ## ## ## |`Solicitors`|`AnthonyCollins`| |---|---| ||`134EdmundStreet`| ||`Birmingham`| ||`B32ES`| ||`HiggsandSons`| ||`3WaterfrontBusinessPark`| ||`BrierleyHill`| ||`WestMidlands`| ||`DY51LX`| |`Surveyors`|`CommercialPortfolio:`| ||`CottonsCharteredSurveyors`| ||`CavendishHouse`| ||`359/361HagleyRoad`| ||`Edgbaston`| ||`B178DL`| ||`ResidentialPortfolio:`| ||`RobertPowellCharteredSurveyors`| ||`7ChurchRoad`| ||`Edgbaston`| ||`Birmingham`| ||`B153SH`| |`Investmentadvisors`|`EvelynPartners`| ||`14Floor`| ||`103ColmoreRow,`| ||`Birmingham,`| ||`BN33AG`| |`Internalauditors`|`Validera`| ||`Unit3 CromptonCourt`| ||`AttwoodRoad`| ||`Burntwood`| ||`Staffordshire`| ||`WS73GG`| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |`Risk`|`CurrentControl`|`New`
`Actions`|`Mitigating`
|`Accountable`| |---|---|---|---|---| |`Almshouses`|`Regularmonitoringandreporting`|`None— `|`Riskun-`|`ChiefExecutive,`| |`WMCarrears`||`changed`|`sincelast`|`|SeniorManagement`| ||`Supportresidentstoclaimbenefits`|`year`||`Team`| ||`FortnightlySupportOfficersurgerieswithres-`|||| ||`idents`|||| ||`KPI’ssurroundingcollectionsarrearsandbad`|||| ||`debtsmonitoredatseniormanagementteam`|||| ||`andboardlevel.`|||| ||`Targetedsupportsessionwithresidentsin`|||| ||`arears`|||| ||`Increasefrequencyofaccountmonitoring`|||| ||`fromeverymonthtoeverytwoweeks`|||| ||`AskresidenttopayWMConeweekinad-`|||| ||`vanceonsignup.`|||| ## ## ||`Establishedarrearscontrolprocessesthat`|||| |---|---|---|---|---| ||`governcommunicationwithresidentsinar-`|||| ||`rearsandencouragepaymentplanstoclear`|||| ||`debts.`|||| ||`Wherenecessarytakelegalactiontorecover`|||| ||`debts.`|||| |`Changestothe`|`LiaisonwithHousingBenefitsections.`|`None— Riskun-`||`ChiefExecutive& `| |`benefitssys-`||`changed`|`sincelast`|`HousingManager`| |`temimpact`|`Networkingandkeepingabreastofdevelop-`|`year`||| |`WMCcollec-`|`ments.`|||| |`tion`||||| ||`Makeuseofspecialistadvicewherere-`|||| ||`quired.`|||| ||`InformationandPolicyOfficertotrackpolicy`|||| ||`changesinpolicyatlocalandnationallevel.`|||| ||`MonitornewGovernmentpolicyregarding`|||| ||`housingandbenefitscloselyandassessim-`|||| ||`plicationsoncepolicyisclear.`|||| |`Longtermloss`|`Goodtermsandconditionswhichareregu-`|`Become`|`andLiv-`|`ChiefExecutive`| |`ofkeymem-`|`larlyreviewedalongwithsalaries.UseCita-`|`ingWage`|`Em-`|| |`bersofstaff`|`tiontoensuregoodpracticeinemployment`|`ployer`||| ||`matters.`|||| |||`Becomea `|
`Living`|| ||`Useofagencystafftocovergapsandensure`|`Pension`|`Employer`|| ||`continuityofservice.`|||| ||`DevelopmenttheSeniorManagementTeam.`|||| ||`Useofappraisalstoanticipateproblems.`|||| ||`Developsuccessionstrategyandpeople`|||| ||`plansas partofthe2025-30businessplan.`|||| ||`Increasednumberofsocialeventsand`|||| ||`eventsthatrewardsuccess.Greatercommu-`|||| ||`nicationbetweenTrusteesandallstaffat`|||| ||`postboardmeetinglunchesetc.`|||| ||`Reviewsalaryoffrontlinepostsduringthe`|||| ||`2024/25salaryreviewcycletoensuresala-`|||| ||`riesremaincompetitive.`|||| ||`Increasednumberofsocialeventsand`|||| ||`eventsthatrewardsuccess.Greatercommu-`|||| ||`nicationbetweenTrusteesandallstaffat`|||| ||`postboardmeetinglunchesetc.`|||| ## ||`Regularreviewsofpayandconditionstoen-`||| |---|---|---|---| ||`surea reasonableandcompetitiveresponse`||| ||`tothecostoflivingcrisis.`||| ||`Restructureofthemanagementteamtopro-`||| ||`videquicker,moredevolvedandmorerobust`||| ||`decisionmakingacrosstheorganisationand`||| ||`providepromotionopportunitiesforexisting`||| ||`staff`||| |`Incurringsub-`|`Completingregularstockconditionsurveysto`|`None— Riskun-`|`HousingManager`| |`stantialnon-`|`assessandplanrepairsandimprovementsto`|`changedsincelast`|`andChiefExecutive`| |`budgetedex-`|`thecharity’sestate.`|`year`|| |`penditure`|||| ||`Completeandworktoa comprehensivebusi-`||| ||`nessplantopredictincomeandexpenditure`||| ||`requirementsyearsinadvance.`||| ||`EarmarkfundsforERF/CMFasa `
`restricted`||| ||`reservetocashbacklong-termcapitalpro-`||| ||`jects.`||| ||`Monitorcostoflongdurationcapitalprojects`||| ||`closelytoensurecompletionwithinoriginal`||| ||`estimates.`||| ||`ReviewallCMF/ERFcommitmentsduring`||| ||`thebudgetprocesstoensureestimatesare`||| ||`accurateandincorporatelikelycostuplifts.`||| |`Lackofattend-`|`Attendancemonitoringreporting.`|`None— Riskun-`|`AllTrustees`| |`anceatmeet-`||`changedsincelast`|| |`ings`|`Carefulplanningofmeetingcalendartoavoid`|`year`|| ||`knownconflicts.`||| |`SeriousDam-`|`Insuredrisk,limitsreviewed.`|`None— Riskun-`|`ChiefExecutiveand`| |`agetoProperty`||`changedsincelast`|`FinanceManager`| ||`Regularpropertyinspections.`|`year`|| ||`Reviewinsurancearrangementafter2025re-`||| ||`newalpoint.`||| ||`Insurersnotifiedofnewacquisitionsbefore`||| ||`completiondatetoensureimmediatecover.`||| ## ## ## ## ## ## ## ## ## |`HarborneHouse`|`-`| |---|---| |`=`|`Replacethegutteringontheolderofthetwoblocks`| ||`ReneworReplaceallcommunalfiredoors`| ||`Replaceandupgradeallconsumerunits`| ||`Replace4 kitchensas partofa rollingkitchenreplacementprogramme`| ||`Refurbish/convert4 wetrooms`| |`HarborneCottages- `|| |`=`|`RenewCarbonMonoxide/Gasdetectors`| |`»`|`Replaceandupgradeallconsumerunits`| |`FirsClose- `|| |`«`|`Pollardingandreductionoftrees`| |`»`|`Fittingcarparkbarriersanda newpedestrianentrance`| |`»`|`Replacementofcommunalfiredoors`| |`»`|`Replacementandupgradeofallconsumerunits`| |`=»`|`Replace3 wetrooms`| |`DoreHouse- `|| |`=`|`Replacementofcommunalfiredoors`| |`=`|`Replacementandupgradeofallconsumerunits`| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |`UKEquities`|`16.7%`| |---|---| |`OverseasEquities`|`50.3%`| |`NorthAmerica`|`18.2%`| |`Europe(ExcludingtheU.K.)`|`6.9%`| |`Japan`|`3.2%`| |`PacificBasin(ExcludingJapan)`|`6.3%`| |`EmergingMarkets`|`2.0%`| |`Global`|`13.6%`| |`Bonds`|`19.3%`| |`UKGovernment`|`9.1%`| |`UKIndexLinked`|`0.8%`| |`UKCorporate`|`2.5%`| |`Overseas`|`6.9%`| |`AlternativeAssets`|`7.2%`| |`UKProperty`|`5.5%`| |`Cash`|`1.1%`| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||`Unrestricted`|`Endowment`|`Total`|`Total`| |---|---|---|---|---|---| |||`funds`|`funds`|`funds`|`funds`| |||`2025`|`2025`|`2025`|`2024`| ||`Note`|`£`|`£`|`£`|`£`| |`Incomeandendowmentsfrom:`|||||| |`Charitableactivities`|`4`|`1,167,561`|`-`|`1,167,561`|`1,088,551`| |`Investments`|`5`|`802,705`|`-`|`802,705`|`783,848`| |`Otherincome`||`74`|`-`|`74`|`529`| |`Totalincomeandendowments`||`1,970,340`|`-`|`1,970,340`|`1,872,928`| |`Expenditureon:`|||||| |`Raisingfunds`|`6`|`36,478`|`166,837`|`203,315`|`271,435`| |`Charitableactivities:`|`8`||||| |`Housingactivities`||`1,224,318`|`154,554`|`1,378,872`|`1,420,603`| |`Grantsinreliefinneed`||`348,833`|`-`|`348,833`|`389,643`| |`Governancecosts`||`82,953`|`-`|`82,953`|`78,606`| |`Totalexpenditure`||`1,692,582`|`321,391`|`2,013,973`|`2,160,287`| |`Netincome/(expenditure)beforenet`|||||| |`gainsoninvestments`||`277,758`|`(321,391)`|`(43,633)`|`(287,359)`| |`Netgainsoninvestments`||`99,758`|`71,354`|`171,112`|`551,186`| |`Netmovementinfunds`||`377,516`|`(250,037)`|`127,479`|`263,827`| |`Reconciliationoffunds:`|||||| |`Totalfundsbroughtforward`||`6,923,658`|`15,838,075`|`22,761,733`|`22,497,906`| |`Netmovementinfunds`||`377,516`|`(250,037)`|`127,479`|`263,827`| |`Totalfundscarriedforward`||`7,301,174`|`15,588,038`|`22,889,212`|`22,761,733`| ## ## |||||`2025`|`2024`| |---|---|---|---|---|---| |||`Note`||`£`|`£`| |`Fixedassets`|||||| |`Tangibleassets`||`12`||`4,314,216`|`4,237,587`| |`Investments`||`13`||`6,066,434`|`5,929,384`| |`Investmentproperty`||`14`||`11,750,479`|`11,152,001`| |||||`22,131,129`|`21,318,972`| |`Currentassets`|||||| |`Debtors`||`15`|`293,150`|`196,977`|| |`Cashatbankandin`|`hand`||`954,501`|`1,723,934`|| ||||`1,247,651`|`1,920,911`|| |`Currentliabilities`|||||| |`Creditors:amounts`|`falling`|`duewithinone`|||| |`year`||`16`|`(426,793)`|`(414,354)`|| |`Netcurrentassets`||||`820,858`|`1,506,557`| |`Totalassetslesscurrentliabilities`||||`22,951,987`|`22,825,529`| |`Creditors:amounts`|`falling`|`dueaftermore`|||| |`thanoneyear`||`17`||`(62,775)`|`(63,796)`| |`Totalnetassets`||||`22,889,212`|`22,761,733`| |`Charityfunds`|||||| |`Endowmentfunds`||`18`||`15,588,038`|`15,838,075`| |`Unrestrictedfunds`||`18`||`7,301,174`|`6,923,658`| |`Totalfunds`||||`22,889,212`|`22,761,733`| |`Thefinancialstatementswereapprovedandauthorisedforissueby`||||`theTrusteesandsignedon`|`behalfofthe`| |`CgrperateTrustee,`|`Harborne& SmethwickCharitableTrustby:`||||| |`(Authorised`
`official)`|||||| |`Date:`
`a`
`9`
`,`
`/`
`AK`|`QPIS`

`AY7 `||||| |`Thenoteson\pag¢s`|`33to`|`53formpartofthesefinancialstatements.`|||| ## ## ||`Note`|`2025`
`£`|`2024`
`£`| |---|---|---|---| |`Cashflowsfromoperatingactivities`|||| |`Netcashusedinoperatingactivities`|`20`|`(745,743)`|`(895,300)`| |`Cashflowsfrominvestingactivities`|||| |`Dividends,interestsandrentsfrominvestments`||`802,705`|`783,848`| |`Purchaseoftangiblefixedassets`||`(260,958)`|`(77,926)`| |`Proceedsfromsaleofinvestmentsandinvestmentproperty`||`250,687`|`886,591`| |`Purchaseofinvestmentsandinvestmentproperty`||`(908,979)`|`(984,947)`| |`Netcash(usedin)/providedbyinvestingactivities`||`(116,545)`|`607,566`| |`Cashflowsfromfinancingactivities`|||| |`Repaymentsofborrowing`||`(1,021)`|`(923)`| |`Netcashusedinfinancingactivities`||`(1,021)`|`(923)`| |`Changeincashandcashequivalentsintheyear`||`(863,309)`|`(288,657)`| |`Cashandcashequivalentsatthebeginningoftheyear`||`1,884,354`|`2,173,011`| |`Cashandcashequivalentsattheendoftheyear`|`21`|`1,021,045`|`1,884,354`| |`Thenotesonpages33to53formpartofthesefinancialstatements`|||| ## ## ## ## ## ## ## ## ## |`Land`||`-Notdepreciated`| |---|---|---| |`Officebuilding`||`-20years`| |`Fixturesandfittings`||`-7 years`| |`Computerequipment`||`-3 years`| |`Roofstructureandcovering`||`-70- 100years`| |`Windowsandexternaldoors`|`_`|`-30years`| |`Heating`||`-8-15years`| |`Kitchens`||`-20years`| |`Bathrooms`||`-30years`| |`Mechanical`||`-30years`| |`Electrical`||`-40years`| |`Lifts`||`-20years`| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||`Unrestricted`|`Total`| |---|---|---| ||`funds`|`funds`| ||`2025`|`2025`| ||`£`|`£`| |`Weeklymaintenancecontributions`|`648,201`|`648,201`| |`Servicechargesreceivable`|`349,916`|`349,916`| |`Utilitiesrecharges`|`169,444`|`169,444`| |`Total2025`|`1,167,561`|`1,167,561`| ||`Unrestricted`|`Total`| ||`funds`|`funds`| ||`2024`|`2024`| ||`£`|`£`| |`Weeklymaintenancecontributions`|`612,654`|`612,654`| |`Servicechargesreceivable`|`322,350`|`322,350`| |`Utilitiesrecharges`|`153,547`|`153,547`| |`Total2024`|`1,088,551`|`1,088,551`| ## ## ## ||`Unrestricted`|`Total`| |---|---|---| ||`funds`|`funds`| ||`2025`|`2025`| ||`£`|`£`| |`Rentalincomefrominvestmentproperties`|`603,791`|`603,791`| |`Dividendsandinterestreceivable`|`198,914`|`198,914`| |`Total2025`|`802,705`|`802,705`| ||`Unrestricted`|`Total`| ||`funds`|`funds`| ||`2024`|`2024`| ||`£`|`£`| |`Rentalincomefrominvestmentproperties`|`590,389`|`590,389`| |`Dividendsandinterestreceivable`|`193,459`|`193,459`| |`Total2024`|`783,848`|`783,848`| ## ## ## ||`Unrestricted`|`Endowment`|`Total`| |---|---|---|---| ||`funds`|`funds`|`funds`| ||`2025`|`2025`|`2025`| ||`£`|`£`|`£`| |`Repairs`|`8,617`|`81,105`|`89,722`| |`Insurance`|`772`|`7,275`|`8,047`| |`Legalandpropertymanagementfees`|`288`|`2,709`|`2,997`| |`Agent'scommission`|`6,505`|`61,232`|`67,737`| |`Investmentmanagementfee`|`20,296`|`14,516`|`34,812`| |`Total2025`|`36,478`|`166,837`|`203,315`| ||`Unrestricted`|`Endowment`|`Total`| |---|---|---|---| ||`funds`|`funds`|`funds`| ||`2024`|`2024`|`2024`| ||`£`|`£`|`£`| |`Repairs`|`4,633`|`149,802`|`154,435`| |`Insurance`|`310`|`10,028`|`10,338`| |`Legalandpropertymanagementfees`|`248`|`8,017`|`8,265`| |`Agent'scommission`|`2,000`|`64,671`|`66,671`| |`Investmentmanagementfee`|`18,814`|`12,912`|`31,726`| |`Total2024`|`26,005`|`245,430`|`271,435`| ## ## ## ||||`Grantsto`|`Grantsto`|`Total`| |---|---|---|---|---|---| ||||`Institutions`|`Individuals`|`funds`| ||||`2025`|`2025`|`2025`| ||||`£`|`£`|`£`| |`Grantsfor`|`reliefin`|`need`|`222,850`|`66,546`|`289,396`| ||||`Grantsto`|`Grantsto`|`Total`| ||||`Institutions`|`Individuals`|`funds`| ||||`2024`|`2024`|`2024`| ||||`£`|`£`|`£`| |`Grantsfor`|`reliefin`|`need`|`286,603`|`45,882`|`332,485`| ## ## ## ## ||`Unrestricted`|`Endowment`|| |---|---|---|---| ||`funds`|`funds`|`Total`| ||`2025`|`2025`|`2025`| ||`£`|`£`|`£`| |`Housingactivities`|`1,307,271`|`154,554`|`1,461,825`| |`Grantsforreliefinneed`|`348,833`|`-`|`348,833`| |`Total2025`|`1,656,104`|`154,554`|`1,810,658`| ||`Unrestricted`|`Endowment`|| ||`funds`|`funds`|`Total`| ||`2024`|`2024`|`2024`| ||`£`|`£`|`£`| |`Housingactivities`|`1,360,343`|`138,864`|`1,499,207`| |`Grantsforreliefinneed`|`389,645`|`-`|`389,645`| |`Total2024`|`1,749,988`|`138,864`|`1,888,852`| ## ## ## ||`Activities`|`Grant`||| |---|---|---|---|---| ||`undertaken`|`fundingof`|`Support`|`Total`| ||`directly`|`activities`|`costs`|`funds`| ||`2025`|`2025`|`2025`|`2025`| ||`£`|`£`|`£`|`£`| |`Housingactivities`|`1,378,873`|`-`|`82,952`|`1,461,825`| |`Grantsforreliefinneed`|`-`|`289,396`|`59,437`|`348,833`| |`Total2025`|`1,378,873`|`289,396`|`142,389`|`1,810,658`| ||`Activities`|`Grant`||| ||`undertaken`|`fundingof`|`Support`|`Total`| ||`directly`|`activities`|`costs`|`funds`| ||`2024`|`2024`|`2024`|`2024`| ||`£`|`£`|`£`|`£`| |`Housingactivities`|`1,419,016`|`-`|`80,191`|`1,499,207`| |`Grantsforreliefinneed`|`-`|`332,485`|`57,160`|`389,645`| |`Total2024`|`1,419,016`|`332,485`|`137,351`|`1,888,852`| ## ||`Housing`|`Total`| |---|---|---| ||`Activities`|`funds`| ||`2025`|`2025`| ||`£`|`£`| |`Staffcosts`|`380,479`|`380,479`| |`Operatingcosts`|`991,823`|`991,823`| |`Interestpayable`|`6,571`|`6,571`| |`Total2025`|`1,378,873`|`1,378,873`| ## ## ## ## |||`Total`| |---|---|---| ||`Activities`|`funds`| ||`2024`|`2024`| ||`£`|`£`| |`Staffcosts`|`328,235`|`328,235`| |`Operatingcosts`|`1,084,113`|`1,084,113`| |`Interestpayable`|`6,668`|`6,668`| |`Total2024`|`1,419,016`|`1,419,016`| ## |||`Grantsfor`|| |---|---|---|---| ||`Housing`|`reliefin`|`Total`| ||`Activities`|`need`|`funds`| ||`2025`|`2025`|`2025`| ||`£`|`£`|`£`| |`Staffcosts`|`-`|`53,026`|`53,026`| |`Premisesandofficerunningexpenses`|`-`|`6,411`|`6,411`| |`Governancecosts`|`82,952`|`-`|`82,952`| |`Total2025`|`82,952`|`59,437`|`142,389`| ||`Housing`|`Grantsfor`|`Total`| ||`Activities`|`reliefinneed`|`funds`| ||`2024`|`2024`|`2024`| ||`£`|`£`|`£`| |`Staffcosts`|`-`|`50,990`|`50,990`| |`Premisesandofficerunningexpenses`|`-`|`6,170`|`6,170`| |`Governancecosts`|`80,191`|`-`|`80,191`| |`Total2024`|`80,191`|`57,160`|`137,351`| ## ## ## ||`Unrestricted`|`Total`| |---|---|---| ||`funds`|`funds`| ||`2025`|`2025`| ||`£`|`£`| |`Auditor'sremuneration`|`26,344`|`26,344`| |`Othercosts`|`23,669`|`23,669`| |`Premisesandofficerunningexpenses`|`2,882`|`2,882`| |`Wagesandsalaries`|`24,730`|`24,730`| |`Nationalinsurance`|`2,873`|`2,873`| |`Pensioncost`|`2,454`|`2,454`| |`Total2025`|`82,952`|`82,952`| ## ||`Unrestricted`|`Total`| |---|---|---| ||`funds`|`funds`| ||`2024`|`2024`| ||`£`|`£`| |`Auditor'sremuneration`|`24,804`|`24,804`| |`Othercosts`|`23,820`|`23,820`| |`Premisesandofficerunningexpenses`|`2,779`|`2,779`| |`Wagesandsalaries`|`23,816`|`23,816`| |`Nationalinsurance`|`2,606`|`2,606`| |`Pensioncost`|`2,366`|`2,366`| |`Total2024`|`80,191`|`80,191`| ## ## ## |||`2025`|`2024`| |---|---|---|---| |||`£`|`£`| |`Wages`|`andsalaries`|`390,245`|`347,492`| |`Social`|`securitycosts`|`32,450`|`28,632`| |`Other`|`pensioncosts`|`35,540`|`31,889`| |||`458,235`|`408,013`| ||`2025`|`2024`| |---|---|---| ||`No.`|`No.`| |`Employedwhollyonhousingactivities`|`7`|`6`| |`Employedonhousingactivities,grantmakingandgovernance`|`6`|`5`| ||`13`|`11`| |`2025`|`2024`| |---|---| |`No.`|`No.`| |`1`|`1`| ## ## ## ||`Freehold`|`Fixturesand`|`Housing`|| |---|---|---|---|---| ||`property`|`fittings`|`Properties`|`Total`| ||`a`|`£`|`£`|`£`| |`Costorvaluation`||||| |`At1 July2024`|`657,493`|`142,394`|`6,101,623`|`6,901,510`| |`Additions`|`-`|`33,790`|`227,168`|`260,958`| |`Disposals`|`-`|`-`|`(654)`|`(654)`| |`At30June2025`|`657,493`|`176,184`|`6,328,137`|`7,161,814`| |`Depreciation`||||| |`At1 July2024`|`60,807`|`86,862`|`2,516,254`|`2,663,923`| |`Chargefortheyear`|`24,098`|`29,122`|`130,569`|`183,789`| |`Ondisposals`|`-`|`-`|`(114)`|`(114)`| |`At30June2025`|`84,905`|`115,984`|`2,646,709`|`2,847,598`| |`Netbookvalue`||||| |`At30June2025`|`572,588`|`60,200`|`3,681,428`|`4,314,216`| |`At30June 2024`|`596,686`|`55,532`|`3,585,369`|`4,237,587`| |`Fixedassetinvestments`||||| ||||`Cashheld`|| ||||`by`|| |||`Listed`|`investment`|| |||`investments`|`manager`|`Total`| |||`£`|`£`|`£`| |`Costorvaluation`||||| |`At1 July2024`||`5,768,964`|`160,420`|`5,929,384`| |`Additions`||`310,501`|`(310,501)`|`-`| |`Disposals`||`(240,844)`|`240,844`|`-`| |`Revaluations`||`161,269`|`-`|`161,269`| |`Managementfee`||`-`|`(24,219)`|`(24,219)`| |`At30June2025`||`5,999,890`|`66,544`|`6,066,434`| ## ## ## ## ||`Freehold`| |---|---| ||`investment`| ||`property`| ||`£`| |`Valuation`|| |`At1 July2024`|`11,152,001`| |`Additions`|`598,478`| |`At30June2025`|`11,750,479`| ## ||`2025`|`2024`| |---|---|---| ||`£`|`£`| |`Duewithinoneyear`||| |`Tradedebtors`|`42,726`|`18,765`| |`Rentsheldbymanagingagent`|`117,572`|`88,325`| |`Prepaymentsandaccruedincome`|`132,852`|`89,887`| ||`293,150`|`196,977`| ## ## ## ||`2025`|`2024`| |---|---|---| ||`£`|`£`| |`Bankloans`|`560`|`560`| |`Tradecreditors`|`31,952`|`17,753`| |`Othertaxationandsocialsecurity`|`12,831`|`8,503`| |`Othercreditors`|`9,829`|`8,449`| |`Accrualsanddeferredincome`|`174,792`|`146,926`| |`Grantspayable`|`196,829`|`232,163`| ||`426,793`|`414,354`| ## ||`2025`|`2024`| |---|---|---| ||`£`|`£`| |`Bankloans`|`62,775`|`63,796`| ## ## ## |||||||`Balanceat`| |---|---|---|---|---|---|---| ||`Balanceat`|`1`|||`Gains/`|`30June`| ||`July2024`||`Income`|`Expenditure`|`(Losses)`|`2025`| |||`£`|`£`||`£`|`£`| |`Unrestrictedfunds`||||||| |`GeneralFunds`|`6,923,658`||`1,970,340`|`(1,692,582)`|`99,758`|`7,301,174`| |`Endowmentfunds`||||||| |`EndowmentFunds`|`15,838,075`||`-`|`(321,391)`|`71,354`|`15,588,038`| |`Totaloffunds`|`22,761,733`||`1,970,340`|`(2,013,973)`|`171,112`|`22,889,212`| |`Statementoffunds- prioryear`||||||| |||||||`Balanceat`| ||`Balanceat`||||`Gains/`|`30June`| ||`1July2023`||`Income`|`Expenditure`|`(Losses)`|`2024`| |||`£`|`£`|`£`|`£`|`£`| |`Unrestrictedfunds`||||||| |`GeneralFunds`|`6,505,206`||`1,872,928`|`(1,775,993)`|`321,517`|`6,923,658`| |`Endowmentfunds`||||||| |`EndowmentFunds`|`15,992,700`||`-`|`(384,294)`|`229,669`|`15,838,075`| |`Totaloffunds`|`22,497,906`||`1,872,928`|`(2,160,287)`|`551,186`|`22,761,733`| ## ## ## ## ||`Unrestricted`|`Endowment`|`Total`| |---|---|---|---| ||`funds`|`funds`|`funds`| ||`2025`|`2025`|`2025`| ||`£`|`£`|`£`| |`Tangiblefixedassets`|`60,201`|`4,254,015`|`4,314,216`| |`Fixedassetinvestments`|`3,536,731`|`2,529,703`|`6,066,434`| |`Investmentproperty`|`1,128,478`|`10,622,001`|`11,750,479`| |`Currentassets`|`1,247,651`|`-`|`1,247,651`| |`Creditorsduewithinoneyear`|`(426,233)`|`(560)`|`(426,793)`| |`Creditorsdueinmorethanoneyear`|`-`|`(62,775)`|`(62,775)`| |`Loanbetweenfunds`|`1,754,346`|`(1,754,346)`|`-`| |`Total`|`7,301,174`|`15,588,038`|`22,889,212`| |`Analysisofnetassetsbetweenfunds- prioryear`|||| ||`Unrestricted`|`©Endowment`|`Total`| ||`funds`|`funds`|`funds`| ||`2024`|`2024`|`2024`| ||`£`|`£`|`£`| |`Tangiblefixedassets`|`55,531`|`4,182,056`|`4,237,587`| |`Fixedassetinvestments`|`3,766,125`|`2,163,259`|`5,929,384`| |`Investmentproperty`|`529,999`|`10,622,002`|`11,152,001`| |`Currentassets`|`1,920,911`|`-`|`1,920,911`| |`Creditorsduewithinoneyear`|`(413,794)`|`(560)`|`(414,354)`| |`Creditorsdueinmorethanoneyear`|`-`|`(63,796)`|`(63,796)`| |`Loanbetweenfunds`|`1,064,886`|`(1,064,886)`|`-`| |`Total`|`6,923,658`|`15,838,075`|`22,761,733`| ## ## ## ||||`2025`|`2024`| |---|---|---|---|---| ||||`£`|`£`| |`Netincomefortheyear(asperStatementofFinancialActivities)`|||`127,479`|`263,827`| |`Adjustmentsfor:`||||| |`Depreciationcharges`|||`183,789`|`148,844`| |`Gainsoninvestments`|||`(171,112)`|`(538,099)`| |`Dividends,interestsandrentsfrominvestments`|||`(802,705)`|`(783,848)`| |`Lossonthesaleoffixedassets`|||`540`|`-`| |`Increaseindebtors`|||`(96,173)`|`(30,821)`| |`Increaseincreditors`|||`12,439`|`44,797`| |`Netcashusedinoperatingactivities`|||`(745,743)`|`(895,300)`| |`Analysisofcashandcashequivalents`||||| ||||`2025`|`2024`| ||||`£`|`£`| |`Cashinhand`|||`954,501`|`1,723,934`| |`Cashheldatinvestmentmanager`|||`66,544`|`160,420`| |`Totalcashandcashequivalents`|||`1,021,045`|`1,884,354`| |`Analysisofchangesinnetdebt`||||| ||||`Othernon-`|| ||`At1 July`||`cash`|`At30June`| ||`2024`|`Cashflows`|`changes`|`2025`| ||`e`|`£`|`£`|`£`| |`Cashatbankandinhand`|`1,723,934`|`(769,433)`|`-`|`954,501`| |`Debtduewithin`
`1year`|`(560)`|`1,021`|`(1,021)`|`(560)`| |`Debtdueafter1 year`|`(63,796)`|`-`|`1,021`|`(62,775)`| ||`1,659,578`|`(768,412)`|`-`|`891,166`| ## ## ## ##