Onne Alm5hou5es Flnanclal Statements For The Year Ended 31 December 2025 Dexrer& Sharpe liouthl Chartered certrfd IOU[nts i EasrKdte Loh Lincolnshlre LNII 9NB
Omie Almshouses Attounts for the ar ended 31 December 2025 Atlual 2025 Actual 2024 Lp £4) 53220.(WJ 51,60). NAAtsF 1K¢nSh¥11 662.06 104.56 630.91 767.18 1,022.27 Mis Eveen¥•n8wTr 5,185.43 72.C 52.50 41IJ.Crf) 5,709.93 IvCeNter¢erevY 52.50 S1 607.22 Oth R•c•lpts 54.594.40 58.332.20 sdirttt.clvk lknd.ER51111 W•tvthw 11.851.78 2.226.59 9.641.56 I,426.65 4,865.(Kl 1,945.14 379.65 501.50 11,137.53 3,569.16 7.188.95 870.82 2.881.40 1.883.90 403.25 507.fy) 624.fyj 2n.60 flectric 6•rdEnl 5urw¢• SJbKiiptth. ttyJntw Fees L%)J.60 612.41 492.34 2.254.93 52.so ¥lth, lI&Wel¥¢ 1,133.75 528.03 2,171.32 52.50 72.th) Gener41 tINnE TVLk•Kos 151.75 Toul 39.417.12 34.501.57 5.LKKJ. S.OCKJ.(KI 20,1.c Tr•rthiofMlr4arany Aeps Fthj Tr4MlerExtr•ryJrwvFthdtoGthw FL*J .10..( .539.98 Surplysl Oefidt l-l lorthe y•w 5,177.28 9.370.61 nan(e Fund Repalrs -7A32.93 S.lJXI.C(I .16,904.04 20,CO).( Defitst -232.93 3,095.96
B•l•nM 81•61•• •131"D•umb•r 2025 IY)117019.11411 1557811AKIF I&117 14A6LOS TWI 234,7M9a 16U9 7.$$ 14m 3.57 L7211.74 Lk*ds Inst4ntkctyJntSknry co Deposlt •ccount Ctynlryt5 FUNJ Pe¢ty<•th 13.47
57 5J.)J CredStty5 .i.W.69 .lJ16.72 i+X .556.53 36.375. 283.133.56 271,165.31 044h¢i It iianuary2025 gjrplus lerther 112.Y>.53 S177.28 111,710.OJ 9J7a61 122.54&53 Js? 543.55 439.98 JS7 &57 iJ•nuwy2025 lID•I i.Ifrltrw 2L(th71 17.969.7S T4 ILC45.n •vi•t iJrw102S Profit L4w•lol 117.Y6.50 145.$9 16.358.11 4.468. 36.tsi -33.16320 Stxo Ik1irrfRep•lrs TiarfjlerfvtynfJenwKw S.$ U7.YS.gJ 183.133.S6 27l165.31
Om)e Almshouses Notes to the flnandal stat•mMrt5 forthe year ended 31 Decembv 2025 l Accwntlng Polldes Basls of pr•paratlon The finandal Statements have been prepared In accordan with AccoUnn8 and Reportlng by Charftles= Ststement of Recommended Prartice applicable to ¢harityes preparin8 their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20151. Icharities SORP IFRS 10211 and the Financial Reportin8 Standard applicable in the UK and Republic of Iland IFRS1021. Ome Almshouses meets the definItI of a publlc benefrt ertrty under FRS 102. Assets and Ilablitles are initially recognised at historical cost ortransartiori value unless otherwise stated in the relevent accountlng pollcy note. 2 In¥•stments Investments are shown at valuatlon at 31 Decembtr 2025 INAAaF shares at bld prlcel, except the Almshouses and Land. Eastgate Louth, on which value has been placed. Pa8e 3
Ir4DEPENDEPIT ACCOUNTANTS REPORTTO ORME ALMSHOUSES We report on the accounts of Ornie Alm5h¢yJses fN the year ended 31st December 2025 which are Set out on pa8es I to 3. Respertl¥e resPOn51blllbes of the Trustees and examln•r The charity's trustees are responsible forthe preparation of the accounts. The tharity's trustees consider that an audit is not required for this year under section 144 of the Charitie5 Act 20111.the Charities Act'l and that an indÈperthnt examinationls needed. It Is our responslbility to- examine the acccwnts under section 145 of the Charities Act: 11. to follow the procedures lald down In the General Directions given by the Charfty Commission under section 145151 Ibl of the Charities Art; and 111. to state whether partlcular matters have come to our attentbon Basls of Ind•p•ndent •x•mlnees reprf( Our examinatlon was carrled out In acrdanCe wth the General Directions 8fven by the Charlty Commission. An examlnation includes a revlew of the ac¢ountln8 records kept by the charlty and a comparlson of the accounts presented with those records. It also Includes consideration of any unusual Items or dlsclosures In the accounts. and seeking Èxplanatlons from ycw as the Trustees concernlng any such matters. The procedures undertaken do not provide all the evidence that would be requlred In an audlt and consequently no opinion 15 given as to whether the accounts present a'true and fair view, and the report is limited to those matters set out in the next statement. Ind•p•nd•nt •x•mln•rfs stal•m•nt In connectlon wlth our examlnatlon. no matter has to our *tentlon'. 111 whkh us reasonable uSe to belleve that In any materfal respert the requlrements: to keep accountin8 records In acc(xdance with sectl¢Jn 130 of the Charltles Art. and to prepare accounts which accord with the ac¢¢)untlrvd record5 and comply wlth the accounting requirements ofthe Charities Art have not been or 121 to whkh, In our oplnl¢)n, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Y S ShAlPe (L4th) Dexter & Sharpe ILouthl Chartered Certified Accountsnts and Re8iStefed Audltors l Ea5tgate Louth Lincolnshire LNII 9NB Dated.. 11-May-26 Page 4
(IIARflY Trustees. Annual Report for the period p1(1 s date P10d end date Year From To 2028 Section A Reference and administration details Charfty name ORME ALMSHOUSES Other namos charlty is known by Reglstsred charfty number (If ary) 19705 Charlty's prlnclpal addrnss THE LODGE 143 EASTGATE LOUTH Postcod• LN119AI NamM of tho charlty trustees who manage th• charlty Dat•• a¢t•d If not lor ¥thol• ar Tru•t•• n•m Chllc•111 any) N*m• of p•r¥on lor body) •ntltl•d to Int tru¥t•• Il•n A C J HICKMAN J HOWARD P V WILLIAMS M ROBINSON J G PURVES S R ROODEN S EVANS J MCDONNELL Resanad Chair 2 Oct. Appointed Chair 2 Oct. Chair 10 12 13 14 15 16 17 18 19 20 Names of the trustees for the charlty. If any• Ifor example, any custodian trustees) Name Datss actod rf not for whole TAR March 2012
Names and addresses of advlsorn (Opllonal infomiation) of advlser Name Address CCOUNTANTS EXTER & SHARPE 1 EASTGATE. LOUTH. LINCOLNSHIRE, LN119NB Name of chlef executlve or names of s•nlor staff memberJ (Opfjonal Infomiatlon) AVID STEVENSON Section B Structure, overnance and mana ement D•scrfptlon of tho charlty's trusts TRUST DEED DATED 17 JANUARY 1885 AS VARIED BY THE SCHEME DATED 26 NOVEMBER 1968 Type of goveming document How the charity is conslituted TRUSTEES Trustee selection methods APPOINTED Addltlonal govornanc•1•sues Ioptlonal Informatlon) A comprehensive Welcome Pxk is handad to a new tru8tee to enable them to feel supported and infomed M the policK?s and procedures of the Charity. You may choo801o include additional inlomiation, where relevant, about.. The Charity is a member of The National Almshouse AssocAation which provides help and advu on any issues. policies and procedu8 adopted for the induction and training of trustees., the charity's organisalional structure and any wider neork with which the charty works; relationship with any related parties., truslees, consideration of major risks and the system and procedures to manage them. The Trustees are satisfied that systems are in place to manage any risks faced by the Chanty. The day to day managemènt of the Charity is delegated to the Clerk. Regular conLqd is maintained between the Clerk and the Trustee$. Risks are identrfied. assessed and controlled on 8 regular basis. Planning of K)Ik activities for the year has been reviewed at a Trustee meeting. In particular. (x)mprehensive insurance Ver is in place and financsal management is kept under review. All Trustees give their time vduntsrily and receive no remuneration or other beneffts. Section C Ob'ectives and activities To provide &4xJmmodation for men aged 55 or over, bachekjrs or wdowers. Summary ofthe objects of the charlty set out In Its governlng document TAR areh 2012
During the Course of the year general maintenance and improvements have been carried OLrt. We welcome applications from those in financial hardship or otherwise disadvantaged. The Trustees confinn that they have referred to the Charity Commission's guidance on public benefft when reviewng the Trust's aims arKI objectives for the year. Summary ofthe maln actlvitios undertaken for th• public benefft in rolatlon to these objects (Include wlthln this section tho statutory declaratlon that trustees havo had regard to tho guldanco Issuod by the Charlty Commlsslon on publlc benofft) Addltlonal d•talls of 014•ctlves and actlvltles Ioptlonal Infom)allon) You may choo•0 to indude further statements, where relevant, al)out'. policy on grantmaking., policy programme related investmenl., contribution made by vdunteers. TAR March 2012
Section D Achievements and performance Summary of the maln achlevements of the charlty durlng the year A new shed has been provKled. free of charge, for our latest redent apwntee. Latest Spearlon Etectric Circuit Box (Consumer Units incl.30MA trip) have been instslled in all remaining residences and electrics in all reSIdenS have been checked and validated with new Electrical Certrfi¢ates coveriNJ dl SidenceS until June 2030. A new vlef man has now been connecled to all residences. Full redecoration carried in No.8. Legionella prevention procedures have been canied out by our appointed specialist. and is on9n9. Annual gas serrficing & maintenance has been carried out by our appointed gas safe register&J engineers. All gas appliances have current Landlord Gas Safety CelfiCateS per regulatory requirements. The g8rden$ have been maintained by our corrtractor. TAR M8r¢h 2012
Section E Financial review We hold cash at the bank at as 31. December of £4,165.89 (Current Account) & £7,597.55 (Instant Access Saver (short term surplus)) all of which is unrestricted funds. Our investments of £272,577.03 are retsined towards the costs of meeting any repairs. £14.03 is held in a deposit a¢unt. Brief statsment of the charity's policy on reserves Dotslls of any fund$ matsrlalty In deficlt Not applicable. Further flnanclal r•vl•w d•tall8 (Optlonal inforniatlon) You may choose to indude additional infomation. where relevant about.. the charity's prinapal sources of funds (including any fundraising)., how expenditure has supwrted the key objectives of the chanty., investment pdicy and objectives induding any ethical investment policy adopted. Our prinaple sJr¢e funds are Monthly Maintenance Charges received from residents. It is our policy to invest any fund balantxs, not asslgned to current planned projects, wrth COIF or cIF. Section F Other optional information Ongoing maintenance to extemal areas and Ihe grounds wrth individual intemal In$pe¢Xions (Quinquennial} to assess any routine maintenence & identsfy any possible issues in the future. All maintenance & improvemerrts are carried out confomiin9 to the Grade11 Listing which covers all structures on site. Section G Declaration The tru$tee$ declare that they have approved the trustees. report above. Slgned on bohalf of the chartty'$ trustees SIgnar•(SI Full namelsl STEVE RODDEN Posttlon leg Secretsry. Chalr. etc) CHAIR Date 2P April 2026 TAR Mar¢h 2012