Om)e Almshouses Financial Statements For The Year Ended 31 December 2024 Dexter & Sharpe ILouthl Chartered Certif*d kcountants i East8ate Louth L6rKolnshire LNII 9NB Ornie Almsh(wses Accounts forthe ar ended 31° December 2024 Artual 2024 Athol 2023 Lp 48￿.30 Inc(xneShi 63th91 39x70 0.66 YJi.98 102.29 0.53 L022.27 694.80 5.185.43 72.C 52.50 lo8.￿* 45bJ 5.309.93 T•¢*1 R¢¢dpts 57.931.10 48,911.18 11.137.53 .550.04 3.569.16 7.18B.95 870.82 2MI.40 IA83.XI 403.25 507.CQ 624.CQ 2?3.60 1.133.75 528.03 2.171.32 2.152.07 &720.62 453.24 4.672.94 IA47.94 Eknctrk T¢l•* SLtyÈNpboni. tUA 333.(Xl 576.C 258.co Mialth.Saf•ty&wdi4rn 211.72 1.710.16 72.D) 804.36 108. 491.99 Tot•1 31.101.57 31.675.92 20mJ. 5WI.O) Ti4nsl•i EMtr•oidthFundl4iGqny•lFw .￿AKK). mf Surplu5 1 Deflclt l-l fty thep•r -S39.98 9370.61 7.235.26 Ilt*l m•Int•w￿ Fund PApJi .16.9)4.04 20AUJ. -2,922.47 3,iP)596 2,077.53 Cth*misGrflsToP￿5￿ms Deficlt o. 8•l•n¢• 8h••t•• •¢ 31"O•¢•mkn2024 £4 I￿112019.114l1l&1￿c1F knJmLlakn 15578NMOF hwn¢shau 211125.18 1199116 14J6L 234.7W.93 227.117.31 U0￿5T5b TIthwJiw5x(rAmt ltyds irtstaht S COIF r*poM irc¢Junt Icrt Fund L72&74 915.97 47 57 12.81 543.$5 81 .118&64 .L91672 3&375.38 27.91&79 27L16￿1 155m4.13 B*ance ot i l•nvwy 1024 Surplusfor thtyti iii.n003 gJ7061 105,239.51 7.255.26 235.23 Tot 121549.$3 iu.no.oJ ￿th￿al i l•nwy 1024 S￿rp1￿$19tlh•¥ YISS $43.SS 337 ￿4￿(¢•1 iJaTrw1024 surplu51iD•fi￿)f.b lorthe 17JW75 I￿n Oa4rtcè•t i JaTru¥y 1024 Proftt w th5pO￿l ofN*AOF th¥•$ Chany ￿ valuÈ ofNA4CIF th¥15 845S9 163Wii 4468( 15&07 Tiansf•r Ifom Gene1* acclwm Transfor tOG*)0￿ xtOJnt SLtyJ.ts) Tot* Z7LI&II 255m4.13 Mr DstthM5(￿•n tqha1l0fth•Ti￿I0 Ornie Almshouses Notes to the finandal ststements lorthè year ended 31 December X124 l A¢coUn￿n£ Polldes Basls ol preparatlon The financial statements have been prepared in attordance wrth AcccyJntin8 and Reporting by Charitles.. Statement of Recommended Pract1￿ appllcable to tharltles preparln8 thelr accounts In accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 leffertive l January 20151- (Charrties SORP IFRS 10211 and the Flnancial Reporn"n8 Standard applicable In the UK and Republic of Ireland IFRS1021. Orme Almshouses meets the definttlon of a publlc benefft entlty under FRS 102. Assets and1Sablltles are initially reco8ni5ed at historical c05t or transaction value unless otherwise Stated in the relevent accounting policy note. 2 In¥•stm•nts Investments are shown at valuatlon at 31 December 2024 INAAOF sha￿$ at bld pdcel, except the Almshouses and Land, Eastgate Louth, on which no value has been pla¢ed. Page 3 INDEPENDENT ACCOUNTANTS REPORT TO ORME ALMSHOUSES We report on the accounts of Ornie Almshouses for the year ended 31st December 2024 which are set out on page5 1 to 3. Respen. r)0 matter has come to our attentlon: 111 whlch 8lves us reasonable cause to believe that in any material respect the requlrements.. to keep accountln8 rewds In accordance with section 130 of the Charitles Art; and to prepare acc¢￿nts which accord wlth the accountlng records and comply the accounting requirements of the CharFties Act have not been met or 121 to which, in our opinion, attention should be drawn in order to enable a proper understandlng of the accounts to be Teached. T¥xttY 5 ShAYpe {L￿thI Dexter & Sharpe liouthl Chartered Certlfled Accountants and Registered Audito l Eastgate Louth "ncolnshi LNII 9NB Dated.. 14-May-25 Page 4 Trustees, Annual Report for the period Pwiod date Penod end date vi 2024 To 24 Section A Reference and administration details Charlty name ORME ALMSHOUSES Other nam•s charity is known by Reglstored charlty numb•r {rf any) 19705 Charlty's prfncl￿l •ddrtss THE LODGE 143 EASTG4TE LOUTH LN119AJ Names of the charlty trustoas who manage th• ch•rlty D•t•• •ct•d If not for THhol• Tru•t•• nam• OllbG• {114nyl N*m• of pèr*on lor btsdy) •nthl•d to olnt tru¥t•• Il•n A C J HICKMAN J HOWARD P V WILLIAMS M ROBINSON J G PURVES S R RODDEN S EVANS J MCDONNELL Chair Apw'nted 2f April 10 12 13 14 15 18 17 18 19 20 Names of the trustees for tho charity. rf any. (for example. any custodlan trustses) Name Datss acted rf not for whole ear TAR March 2012 Names and addresses of advis•rn (Optional inforniatlon) of advlser Name Address CCOUNTANTS EXTER & SHARPE 1 EASTGATE, LOUTH, LINCOLNSHIRE. LN119NB Name of chlef executlve or names of senlor stsff members Ioptlonal InforniatAon) AVID STEVENSON Section B Structure, overnance and mana ement D•8crlptlon of the chartty's trusts TRUST DEED DATED 17 JANUARY 1885 AS VARIED BY THE SCHEME DATED 26 NOVEMBER 1968 Type of goveming document 51 oeea, How the charity is constituted Irusl, a53 TRUSTEES Trustee selection mthiKIs APPOINTED Addltlonal govemanc• IMu•s Ioptlonal Infofmatlon) A comprehensr¥e Wdcome Pack is handed to a new trustee to enable them to feel supported and infonned on the and procedures of the Charity. You may choose to indude additional inforynation, where relev8nt, al)out'. The Charity is a member of The National Almshouse A8gociation which provide8 help and advu on any issues. policies and procedures adopted for the induction artd training of trustees., the charity's organisational structure and any wider nefv￿rk with which the chanty VK)rf(8,' relalionship wlih any related parties,. trustees, consideration of major risks and the system and procedures to M￿￿)e them. The Trustees are satisf￿d that systems are in • to manage any risks faced by the Charity. The day to day management of the Charity Is delegated to the Clerk. Regular conLqd is maintained between the Clerk and the Trustees. Risks are identified. assessed and controlled on a regular basis. Planning of acts'vrties for the year ha8 been reviewed at a Trustee meeting. In pa￿Cular, ¢(xnprehensive insurance cover is in place and finanoal management is kept under review. All Trustees gNe their time vduntarily arKI receive no remuneration or other Section C Ob"ectives and activities To provide aLxommodation for men aged 55 or over, bachelors or Summary ol the objects ofthe charty set out in its governing document TAR March 2012 During the couptse (rf the year general mantenance and improvements have been carried out. We welcome appbcth'¢)ns from those in financial hardship or other4vise disadvantaged The Trustees confimi that they have referred to the Charity Commission's guidan￿ on public benefft when reviewng the Trust's ams and objectives for the year. Summary ofthe maln actAvltles undertaken for th• publ1¢ benefft In relatlon to th•$e objects (include withln thls sectlon the ststutory declaratlon that trusteès have had regard to tho guklance Issued by the Charlty Commlsslon on publk benefft) Addltlonal detalls of objoctlvm and actfvltles {Opllon•l Infomiallon) You may Cho￿ to indude further statements, where relevant, al)out'. Fdicy on grantmaking., policy programme related investment,. contribution made by vdunteers. TAR 2012 Section D Achievements and performance Summary ofthe maln achlevements of the charlty during the year The Car park has been extended to provKle additional car parking faalities for residents, residents visrtors and ¢4)ntr￿torS. new garden bend)es have been procured provKling additional seating for resid￿ and their I￿sI￿ng family & friends. A new communa hot water heater has been lnsL￿1ed. A c1￿crete base for t¥K) additional sheds has been constructed in anticipation of further resHlent sheds being provided. All older kild￿n$ have been replaced & new mains water In￿15 installed in preparation of a new vtster main supply. Legionella prevention procedures have b8en carried ¢xrt by our appointed speoalist, and is ong(xng. Annual gas seNiang & maintenance has been carried out by our appointed gas safe registered engineers. All gas appliances have current Landlord Gas Safety Certthcates per regulatory requirements. Tha gardens have been maintained by our contractor. TAR Marth 2012 Section E Financial review We hdd cash at the bank at as 31. December of £1.728.74 {Curr&nt Acccunt) & £36.492.99 {Instant Access Saver (short tem surplus)) all of which is unrestricted funds. Our investments of £234,789.93 are retained tOW8rd$ the costs of meeting any repairs. £13.47 is held in a depwt ￿￿nt. Brlef statement of the charty's policy on reserves Detalls of any funds matsrlalty In defictt Not applThble. Further flnanclal r•vi•w details Ioptional Infom￿tIOn> You may choose to indude additional infomiation, where relevant about.. the charity's principal SoUr￿S of funds {including any fundraising)- how expenditure has supported the key objedives of the chartty; investment policy and objectives induding any ethical investment policy adopted. Our principle s(xJrce of funds are Monthly Maintenance Charges receNed from resKlents. It Is our poThcy to invest any fund balances. not a881gned to current planned projects, with COIF or NAACIF. Section F Other optional information Ongoing maintenance to extemal areas and the grounds with individual intemal insp&*on8 (Quinquennial) to assess any routine maintenance & Klenty any possible issues in the future. All maintenance & improvements are carried out ￿nfO￿1n9 io the Grade11 Lists'ng which covers all Structures on site. Section G Declaration The trustees declare that they have approved tho trustees, report above. Slgned on behalf of the charlty's trustees Signthrn(s) rfw4 . Full nam•(s) JUDY PURVES Posltlon leg Secretary. Chalr. CHAIR 28. April 2025 TAR Mar¢h 2012