4 k9$ THE JOHN COLEY ALMSHOUSES TRUST ANNUAL TRUSTEES REPORT FOR THEYEAR ENDED 31 DECEMBER 2025 General The Almshouses Charity was established on the 28th October 1949 and it aims to provide Almshouse accommodation for the elderly poor land those who find themselve5 in impecunious circumstances) of the Spilsby district. The Trust comprises of parce15 of land at Raithby and Hagnaby and also 8 Almshouses as detailed below. The Charity currenily provides accommodation5 in 8 houses (numbers 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 Pair and to a satisfactory Standard. The Charity has the Charity Commission No. 220512 and is a member of the National Association of Almshou5e5 INO. M10951. The Clerk to the Trust is Mr P Hunt of 10 The Gables. Hundleby, Spi15by PE23 5RD. The Charity Trustees during 2025 were'.- Mr M Tong Ichairmanl Mr M Dales Mr R Richmond Mr S Sykes Mr J 8oulton General administration work has included:_ Collecting the maintenance contributions,. keeping records,. organising repairs and maintenance- checking work- paying bills,. keeping accounts: draftin8 the annual incomelexpenditure accounts,. circulatin8 agenda5; organising meetings of the Trustees: taking minutes and circulatin8 these to the Trustees: filling out Charity and Ombudsman Scheme returns,. organising insurance cover, gas and electrical inspection5 and obtainin8 advice on re.investment. 2025 Year The Almshouse5 remain in full capacity at the year end of 31° December 2025. //] <. Mr M Tonglch anlTrusteel Mr M Dales (Trusteel 26 June 2026
THE JOHN COLEY ALMSHOiI ES TRU ACCOUNTS F R THE YEAR ENDED 31ST DECEMBER 2025 Receipts and Payments Account 1.12.25 Income Recelpts Charities Official lnvestThnt Fund IC.O.I.F.I Bank interest Rents received Residents weekly ma•nlenanc8 ¢tsntributions British Gas complaint 70.93 1.058.68 7,155. 32.810. 69.04 731 02 7,155. 31,357.50 Tot41 R•e•ipt• 39.312.58 Dir•¢t CharStabl• Exp•ndltur• Bungalows valuation fe• Insurance$ Repairs and rnaintenance Improvement $1S Gas ¢hecks 5 year electncal ch8ck Accountancy British Gas- Inter-occupancy Energy performonce certifi¢ale 199.75 1.735 45 3.326 03 16.622.27 1.297 14 7,238 43 2,250.40 1.056.00 3.634 90 420 00 649.85 420.(XJ 70.CX) 23.363.50 18,546 52 Other Exp•nditur• Clerks, $alary and expense$ Sub%ription$12025 in previous years}) 410.(KI 410.C 353 IXJ 410.(KI 783.C Totsl Paym•nts 23.773.50 17,309 52 Net Income for th• year 17.371.11 22.003.04 Bank Deposit #nd Cash Accounts at 1st January 2025 126.052.12 104,049.08 Bank Dèposlt and Cash A¢counts at 31st December 2025 143.423.23 126.052.12
THE JOHN COLEY ALMSHOUSES TRUST STATEMENT OF ASSETS AND LIABILITIES AT 31 DECEMBER 202 31.12.25 1.12.24 Monetary ABs•ts'. Bank and C••h Balanc•8'. Lloyds Cl8ssie Bank Account 32.4CKI.95 36.159.45 Lloyds Flèxible Savings Accouni 111.022.28 89,892.67 143.423.23 126,052.12 Inv•8tm•nt•'. 2310.00 M&G Charity Multi Asset AccLtmulalion Units Value at 31. 12.2025 140929 325.545 99 279.874.93 Capltal.. 125 Chanlies Official Investment Fund Incom• Units Price al 31 12.2025 19 3219 2.41524 2,536.66 327.961.23 282.211.59 Total of Monetary A•Mts 471.384.46 408.263.71 Other A••ets: Held for functional use by the Charity Ho in Pro Th& Trust owns the following mortgage free propertie$".- 11 1 8 Coley I Welford Bungalows. sl$bY 21 45 028 aGres of Farmland. Railhby Ilenantedl 3159.315 acres ol Farniland. Hagnaby Itenantedl The accounts set out on pages 2 for Ihe finanual year ended on the above date. 8nd th& slatemenl of a$sets and liabilities at that datè set out on page 3 are as approve(I by the Truslees '//1/ Trustee authorised Mr M Tong - Chaimian n on behalf ol all Trustsè# Trustee authorised to sign on behalf of all Trustees Mf M Dales
Inde endent examinerfs re ort to the trustees of The John Cole Almshouses Trust We report on the accounts of the Twst for the year ended 31 st December 2025. which are set out on pages 2 to 3. Rgspective responsibilities of trnstees and examlner The charity's trustees are resFiJnsible for the preparabon of the accounts. The Charity's Iruslees Consider that an audit is not required for this year under section144121 of the CharItS Act 2011 (the 2011 Acll and that an Independent examination is needed 11 is our responsibility lo.. examine the accounts under seCtn 145 of the 2011 Act". lo follow the procedures laid down in the general Directions given by the Charity Commission under $tion 14515llb lol the 2011 Act. and lo slate whether particular matters have come to my atlention. 8asS8 of Ind¢p•nd8nt examlnerfs report Our examination was carried out in accordance th the general Direct)nS given by the Charity cornm1ssn. An examination Includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or dis¢losures in the accounts and seeking explanations from you a5 Iruslees concerning any such matters. The procedures do not provide all the evidence that would be required In an audit and consequently no opinion Is given as to whether the accounts present a 'true and fair and the report is limited to those matters sel out in the statement below Independent •xamln•rf8 8tatem•nt In connection with my examination. no matter has come to our attention.. 111 which gives us reasonable cause to believe that in any material respect the requirements.. lo keep accounting records in accordance with section 130 of the 2011 Act, and lo prepare a¢¢ounls which accord with the accountsn9 records and comply with the accounting requirements of the 2011 Act have not been mel or 121 to which, in our opinion. attenlton should be drawn in ordef to enable a proper understanding of Ihe accounts lo be reached RM Johnson MAAT FIAA8 29th June 2026 For and on behalf of Dexter & Sharpe Chartgred CertFfied Accountants 26 Ida Road Skegness Lincolnshire PE25 2AR