Butterfièld Homes FlnanGial SLqtsmerrts For the year ended 31 December 2024 Charlty number 220769 Butterfield Homes Inanclal Statements orthoyearended 41 Docemb•r 2024 Page Trustees, report Independent examlnef's roport Statement of assets and Ilabllitlos Receipts and payments account Notes to the accounts Butterfleld Homes Trustegs Rèport For the year ended 31 De¢ember 2024 Charlty number: 220769 Trusteg$: A Edwick E L Hawksworth GE France R Nlchoias RS Watson D Jasper Principal Offlce: Butter House 39 Church Hitl Baildon Shipley BD176PG Bankers: Lloyds Bank 45 Hu*lergate Bradford BD11NT Indopondent Examlnor. Martin Rushworth Accountant and Tax Adviser 55 Swallow Dri Poolin Wharfedale Otley LS21 1 RS Objectivos and actlvltles To provide homes for aged poor ￿lsonS who are either a married Couple or rNo sisters 8nd who are resident in the fomiertwship of Baiidon orthe wcinitythereofatthetime of appointment. Publlc benofft The trustees have complied withtheirduty under section 1715) ofthe CharitiesAct 2011 to have (Jue regard to public benefft guidance published bythe Charitycommission when performingtheir role and duties. Governance The existlng trustees ale responsible for recruiting and training newtrustees as and when required. The goveming document of the charity is itstrust deed dated 19 December 1974, and as last amended 11 October 2004. Butterfleld Hom08 Trustees R8POrt For the yoar andod 31 December 2024 Aetlvftles The charity has continuedto maintain the propertiesto a high standard. and the elderly residents have been able to enjoy peacetul occupation. Revlew of tho ye8r Income forthe year amounted to £29.892 (2023." £29.892}. Expenditure tot8118d £18,959 (2023." £20,373). Leaving a Cash surplus forthe year of £10,933 (2023." £5.119). The statement of assets and liabilities now Shov￿ net assets of 2554,75812023." £541,¢W) Investment poilcy The ch8rity'S funds are held partly in the bank and partly in charlty investment funds managèd by CCLA and M&G Investments. Reserves pollcy Th8 trustees considerthat the present level of reserves Is required to enable the ch8rty to maintain the properttesto a high stsndard. Approved on behalf of the trustees on 31 October 2025 by A Edwick Trustee D Jasper Trustee Birtterfleld Homes Independent Examinors report For tho yoar ended 31 December 2024 I report to the Trustees on my examination of the accounts of the Butterfield Homes Ith8 Charlty) for thè year ended 31 December 2024. Responsibilitlas and ba$ls of r•port As the trustees of the Chartty. you are responsible forthe prepar8tlon of the accounts in accordance with the requirements of the Charities Act 2011 (°the Act.). I report in respect of my examination ofthe Charity's accounts carried out under section 145 of the 2011 Act and in carying out my examination. I have followed all of applicable directions given by the Charities Commtssion under section 145151{b)} of the Act. Indepondent examiner's statement I have completed my examination. I confimi that no materlal matt8rs have come to my attention in connection with the examination giving me cause to believe that in any material respect 11 Accounting records were not kept in respect of the Charity as required by 8ection 130 of the Act. 21 The accounts do not accord those records. I have no concem8 8nd have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper undèrstanding of the accounts to be reachèd. Martin Rushworth Accountant 8nd T8x Adviser 55 Swallow Drive. Pool in Wharfed818 Otiey LS211RS Dated: 31 October 2025 Forthey4ar￿ded 31D¢cemberX124 Cashatbank 19.091 8.158 Assets Fieehold property- value perprofesslonaivaiuat•Jn COIFCCLA Charitie5 Investment Fund The NatioThaLA$s￿iabon olAlmshouses DIFAccuMulatlon shares- M&G 2 480.0(KI 295 480.000 49.764 3.372 532.886 TolalAssets &54.758 541.044 R•prM•nt¢d by.- Generalfund:_ BrougbtloThtsrd Cash movementlseepageS1 Dlvldends recetved and reinvested Additional inve#ments purchase Increaselloecreasel in value of inN*simnis 44.470 5.119 119 10.933 2,S31 n258 59,544 Endowmentfund 1.5C*J Propertyfvnd Surplus on revaluatfjon 480,th)0 480.000 ToWa$￿￿SS Uabluttes 554,7S8 541.044 Appfoved on behalfofthetru*ees ￿ 310ctober2025 Djasper TIu5tee Trustee Butterfleld Homes Recelpts and Payments Account Forthe year ended 31 fiecember2024 2024 2023 Income Irom resldents:. Residentcontrfbutions 29,892 29.892 Gloss Income 29.892 29.892 Totsl Re¢elpts 29.892 29,892 Wages- Secretary Insurance Repairs and renewals Garden maintenance Accountancy. legal and professionalfees Sundryexpenses Charltable donations Subscriptions Gross expendltrre 4.027 3,119 900 10.239 2.057 3,340 6.124 3,057 2.780 23 300 18.959 20.373 Purchase of Investments 4.400 Totsl payments 18.959 24,773 Netcash recelpts 10.933 5,119 Cash funds bioughtforntard 8,158 3,039 Cash lunds carrled forYRrd 19,091 8,158 Notes tothe accounts Fortheyear ended 31 December 2024 I Investments COIF-CCLA Charttles Investment Fund M&G Charlty rnulti assetfund Total Valuation brought fomard Addltlonal investments purchased Increaselldecrease} in value 49.764 3.122 250 52,886 250 1531 2.531 Valuation carried forward 3.372 55.667 2 Freehold Property At 19 November 2008, the ButteffjeL(J Homes propertles at The Grove. Baildon were valued by Mr Clinton D tzpatrick of Fitzpatrlckcommercialvaiuers of Bradford. The open market value atthat time was assessed at £480.000. The trustees considerthis value to still be appropriate. 3 Accountlng Pollcles The accounts of the trust ale prepared on a receipts an¢J payments basis. Both the current and prevlous periods covered twelve months. 4Trustees Remuneratlon and Related PartyTransactlons Wages of £4.027 (2023.'3.119) V￿re paid in the yearto Ms C Smith tor secretarial and management services. Ms C Smfttt is the grandaughter of MrA Edwick. a trustee.