THE JOHN COLEY ALMSHOUSES TRUST
ANNUAL TRusfEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
General
The Almshouses Charity was established on the 28 October 1949 and it aims to provide Almshouse
accommodation for the elderly poor land those who find themselves in impecuniou5 circumstances) of
the Spilsby district. The Trust comprlses of parcels of land at Raithby and Hagnaby and also 8 Almshouses
as detailed below.
The Charity currently provides accommodations in 8 houses Inumbers I to 8 Welford Bungalows, Partney
Road, Spilsbyl. Monies held in the Trust resulting from investments and prior year surpluses are used to
maintain and keep these properties in good repair and to a satisfactory standard.
The Charity has the Charity Commission No. 220512 and is a member of the National A550ciation of
Almshouses (No. M10951. The Clerk to the Trust is Mr P Hunt of 10 The Gables, Hundleby. Spilsby PE23
5RD.
The Charity Trustees during 2024 were:_
Mr M Tong IChalm)anl
Mr M Dales
Mr R Richmond
Mrssykes
Mr J Boulton
General administration work has Included:_
Collecting the maintenance contributions,. keepin8 records.. or8anlslng repairs and Maintenan￿,. chetking
work,. paying bills,. keeping accounts,. drafting the annual incomelexpenditure accounts,. circulating
agendas,. organising meetlngs of the Trustees: tsking minutes and circulating these to the Trustees. filling
out Charity and Ombudsman Scheme returns; organising insurance cover, gas and electrical inspections
and obtaining advice on re-investment.
2024 Year
The Almshouses remain In full capacity at the year end of 31 December 2024.
Mr M Tong (Chair
rusteel
Mr M Dales ITrusteel
4 June 2025

E JOHN COLEY ALM
SES TRUST
ACCOUNTS FOR
YEAR ENDED 31ST DECEMBER 2024
RKelpts and Payrnonts Account
31.12.24
31.12.2023
Incomo Recelpts
Charities Offiual Inve8trnenl Fund {C.O.l.F.I
Bank Interest
Rents received
Residents weekty Maintenan￿ c(￿l￿b￿l￿￿$
69.04
731.02
7.155.C(I
31.357.50
68.10
7,1S5.00
28.725 (Kl
Tot•1 R•celpts
39.312.56
36,039.04
Dlr•ct Ch•rltable ExPendI￿r•
In8urance8
Repairs and maintenance
Improv¢m¢nl c03t8- carpets12023
Ga8 checks
5 ye8r electrlcal theck
A¢countancy
Brllish Gas- Inter-ocxw)8ncy
1.297.14
7,238.43
2,250.40
1,056
3,634.9)
420.rJ)
649.6S
1,565.74
3,114.20
5,268.00
864.00
420.00
16,546.52
11,231.94
Oth•r Exp8ndltyr•
Cjerks, salary and expen8e8
Sub8crfptlon812024 and 20231
410.Tr)
353.C
410.00
539.00
763.
949 00
Tolal Paym•r
17.309.52
12,180.94
Net Incom¢ fortt* year
22.[￿)3.04
23,858.10
Bank D•poslt and Ca¥h kcourrt¥
at 1$t January 2024
104,049.08
80,190.98
Bank 0op09it and Ca#h A¢courts
at 31st Decèmber 2024
126,052.12
104,049.08

THE JOHN COLEY ALMSHO
TRUST
STATEMENT OF ASSETS AND UAPILfTIES AT 31 DECEMBER 2024
31.12.24
-12.23
ongtary Agtyots..
Bank and Cash Balanc￿.
Lloyds Classic Bank Account
36.159.45
39,956.47
Uoyds FIS￿bI& Sawngs Passbwk Acammt
89,8¥2.67
64.092.61
126,052.12
104,049.08
Inveotment•'.
2310.00 M&G Chafty Multi Ass¢t NAxumulatiw Units
Prlce at 31.12.2024
12107.14
279,674.93
258,910.81
Capltal:
125 charit￿B Offldal Investm¢nt IncLNnO Units
PFl¢e at 31.12.2024
£20.2933
2.536.88
2,480.63
282.211.59
281.391.44
Total ol Monotsry AB#ts
408,263.71
385,440.52
Other A••et•:
Held ￿ ￿nC¢￿al use by the Charity
In
The Trust owns the folkMiNJ m￿gage free properb'es:_
111- 8 cO￿Y I Weknrd BLryaluws, Spil$by
2145.028 a¢yes of Fwrnland. Railhby (tenanted)
3159.315 acres of Fwmland, Hagnaby Itenantedl
The accounts sel ¢xrt M pages 2 lor the financial year ended on the above date. and Ihe statement of assets and liabih'lies
at that dale set oul on page 3 are as approved by thè Trustees.
Trusteo authorlsed
Mr M Tong- Chalmian
ign on behalf of all Trusleeg
Trustee authoiised to slgn on behalf of all Trustees
Mr M Dales

Inde
endent examinerfs re
ort to the trustees of
The John Cole
Almshouses Trust
We report on the accounts of the Trust for the year ended 31st t)￿ernber 2024. wh￿h are set out on pages 2 to 3.
Rèspèetivo responiibi1ft188 of trtsstees and examlner
The charitys trustees are responsible for the pr8paraliJn of the a￿nts. The chantys trustees Consider that
an audit is not required for this year un¢Jer secth)n14412) of the Charities Act 2011 (the 2011 Act) and that an
independent examinatson is needed
It is our responsibility lo..
examine the accounts under section 145 of the 2011 A¢L"
to follow the procedures lahJ down in the general DirectVJll5 grven by the Charity Commission under sectDn
145{5llb lol the 2011 Act,
and
lo state whether particular matters have come to my attention.
Basls of Ind•p•nd•nl •x¥mln•*• rnport
Our examination was carrled out in accordan￿ ￿th the general Directions given by the Charity Cornmi8810n.
An examinatson includes a review of the accounb.ng records kept by the charity and a comparlson of the
accounts presented w71h those records. It also inclLtdes conshleration of any unusual items or disclosu￿$
in the accounts and seeking explanations from you a$ trustees conceming any such matters. The procedures
do not provide all the evidence that would be required in an aLsdfÉ and consequenlty no opinion is given as lo
whether the accounts present a'true and fair vievl and the ￿F￿rt is limited to those matters set out in the
stslement bebw
Inde￿ndent oxamln•rf8 statement
In connection with my examinati￿1, no matter has come lo our attentM)n:
11) which gives us reasonable cause to believe th* in any material respect the requirements..
to keep aexounting records in accordance wth sectK)n 130 of the 2011 Act,. and
to prepare accounts which aeeord wtth the accountsng ￿e￿rdS and c4)mpty wtth the accounting requirements
of the 2011 Act have not been mel or
12) to which, in our opinion, attenlM)n should be dravm in order to enable a Proper understanding of thé
accounts to be reached
RM Johnson MAAT FIAAB
6th June 2025
For and on behall ol
Dgxter & Sharpe
Chartgred Cèrtified Accountants
26 Ida Road
Skegness
Lincoln8hlre PE25 2AR