LI SONS NOTTI ,i4P4 2 3 JAN 2026 ,i.annel to FEMF
| Independent Examiner | ||
|---|---|---|
| DL Caine FCCA CTAACA | ||
| Mellor Oxland LLP | ||
| Hine House | ||
| 25 Regent Street | ||
| Nottingham | ||
| Nottinghamshire | ||
| NG1 5BS | ||
| Solicitors | ||
| Nelsons | ||
| Pennine House | ||
| 8 Stanford Street | ||
| Nottingham | ||
| NG1 7BQ | ||
| Bankers | ||
| Lloyds Bank | ||
| 12-16 Lower Parliament Street | ||
| Nottingham | ||
| NG13DA | ||
| Approved by order of the board of trustees on | 10th December 2025 | and signed on its behalf by: |
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Unrestncted | Restricted | Total | Total | ||
| funds | fund | funds | funds | ||
Notes |
£ | £ | £ | £ | |
| INCOME ANO ENDOWMENTS FROM | |||||
| Charitable activities | |||||
| Hirst Almshouses | 75,456 |
75,456 |
65,660 |
||
| Investment income | 2 |
5,439 |
7.688 |
13,127 |
12.569 |
| Total | 80,895 | 7,688 | 88,583 | 78,229 | |
| EXPENDITURE ON | |||||
| Charitable activities | |||||
| Hirst Almshouses | 79,628 | 2,922 | 82,550 | 82,219 | |
| Other | 6,752 | 6,752 | 6,440 | ||
| Total | 86.380 | 2,922 | 89,302 | 88,659 | |
| Net gains/()osses) on investments | (4.851) | (6.232) | (10,083) | 24,179 | |
| NET INCOME/(EXPENOITURE) | (10,336) |
(466) | (10,802) | 13,749 | |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 232,117 |
299,062 |
531,179 |
517,430 |
|
| TOTAL FUNDS CARRIED FORWARD | 221,781 |
298,596 |
520,377 |
531,179 |
| Balance Sheet | |||
|---|---|---|---|
| 5 April 2025 | |||
| 2025 | 2024 | ||
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible assets | 5 | 45,491 | 48,967 |
| Investments | 6 | 466.473 | 473,108 |
| 511,964 | 522,075 | ||
| CURRENT ASSETS | |||
| Debtors | 7 | 4,819 | 4,332 |
| Cash at bank | 37,580 | 48,132 | |
| 42,399 | 52,464 | ||
| CREDITORS | |||
| Amounts falling due within one year | 8 | (4.406) | (11.870) |
| NET CURRENT ASSETS | 37,993 | 40,594 | |
| TOTAL ASSETS LESS CURRENT LIABILITIES | 549,957 | 562,669 | |
| CREDITORS | |||
| Amounts fafiing due after more than one year | 9 | (29,580) | (31,490) |
| NET ASSETS | 520,377 | 531,179 | |
| FUNDS | 11 | ||
| Unrestricted funds | 221,781 | 232,117 | |
| Restricted funds | 298.596 | 299,062 | |
| TOTALFUNDS | 520,377 | 531,179 |
| Freehold properly | in accordance with the property |
|---|---|
| Fixtures and fittings | at varying rates on cost |
| Taxation | |
| The chanty is exempt from tax on its chantable activities. |
| INVESTMENT INCOME | ||
|---|---|---|
2025 |
2024 |
|
£ |
£ |
|
| Investment income - dividends | 6.873 |
6.658 |
| Deposit account interest | 368 |
364 |
| investment income - interest | 5.886 |
5.547 |
13.127 |
12.569 |
| Fixtures | |||
|---|---|---|---|
| Freehold | and | ||
| property | fittings | Totals | |
| £ | £ | £ | |
| COST | |||
| At 6 Apnl 2024 and 5 April 2025 | 141,308 | 63,639 | 204,947 |
| DEPRECIATION | |||
| At 6 April 2024 | 94,941 | 61,039 | 155,980 |
| Cha’ge for year | 2,826 | 650 | 3,476 |
| At 5 April 2025 | 97,767 | 61,689 | 159,456 |
| NETBOOK VALUE | |||
| At S April 2025 | 43.541 | 1,950 | 45,491 |
| Al 5 April 2024 | 46,367 | 2.600 | 48,967 |
| FIXED ASSET INVESTMENTS | |
|---|---|
| Listed | |
| divestments | |
| £ | |
| MARKET VALUE | |
| At 6 April 2024 | 473,108 |
| Additions | 91,012 |
| Disposals | (67,630) |
| Revaluations | (22,951) |
| Movement in cash funds | (7.066) |
| At 5 April 2025 | 466.473 |
| NETBOOK VALUE | |
| At 5 April 2025 | 466.473 |
| At 5 April 2024 | 473,108 |
| There were no investment assets outside the UK. |
| 2025 | 2024 | |||
|---|---|---|---|---|
| £ | £ | |||
| Trade debtors | 592 | 299 | ||
| Other debtors | 3,543 | 3,360 | ||
| Prepayments and accrued income | 684 | 683 | ||
| 4,819 | 4,332 | |||
| CREDITORS: AMOUNTS FALLING DUE WITHIN | ONE YEAR | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Other creditors | 4,406 | 11,870 | ||
| CREDITORS: AMOUNTS FALLING DUE AFTER | MORE THAN | ONE YEAR | ||
| 2025 | 2024 | |||
| £ | £ | |||
| Other creditors | 29,580 | 31.490 | ||
| ANALYSIS OF NET ASSETS BETWEEN FUNDS | ||||
| 2025 | 2024 | |||
| Unrestricted | Restricted | Total | Total | |
| funds | fund | funds | funds | |
| £ | £ | £ | £ | |
| Fixed assets | 45,491 | 45,491 | 48,967 | |
| Investments | 175,881 | 290,592 | 466,473 | 473.108 |
| Current assets | 33,655 | 8.744 | 42,399 | 52.464 |
| Current liabilities | (3,666) | (740) | (4,406) | (11,870) |
| Long term liabilities | (29.580) | (29.580) | (31,490) | |
| 221,781 | 298,596 | 520,377 | 531.179 | |
| MOVEMENT IN FUNDS | ||||
| Net | ||||
| movement | At | |||
| At 6.4.24 | in funds | 5.4.25 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| Capital & Accumulated Fund | 232,117 | (10,336) | 221.781 | |
| Restricted funds | ||||
| Capital & Accumulated Fund | 299,062 | (466) | 298,596 | |
| TOTAL FUNDS | 531,179 | (10,802) | 520,377 |
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| Capital & Accumulated Fund | 80.895 | (86,380) | (4,851) | (10,336) |
| Restricted funds | ||||
| Capital & Accumulated Fund | 7,688 | (2.922) | (5.232) | (466) |
| TOTAL FUNDS | 88.583 | (89.302) | (10,083) | (10,802) |
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 6.4.23 | in funds | 5.4,24 | |
| £ | £ | £ | |
| Unrestricted funds Capital & Accumulated Fund |
239,051 | (6.934) | 232.117 |
| Restricted funds | |||
| Capital & Accumulated Fund | 278,379 | 20.683 | 299,062 |
| TOTAL FUNDS | 517,430 | 13.749^ - | 531.179 |
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds Capita) & Accumulated Fund |
71,156 | (86,062) | 7,972 | (6,934) |
| Restricted funds Capital & Accumulated Fund |
7.073 | (2.597) | 16,207 | 20,683 |
| TOTAL FUNDS | 78.229 | (88,659) | 24,179 | 13.749 |
| Detailed Statement of Financial Activities for the Year Ended 5 April 2025 |
||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Investment income | ||
| investment income - dividends | 6.873 | 6,658 |
| Deposit account interest kivestment income > interest |
368 5.886 |
364 5.547 |
| 13,127 | 12,569 | |
| Charitable activities WMC income |
75,456 | 65,660 |
| Tout incoming resources | 88,583 | 78,229 |
| EXPENDITURE | ||
| Charitable activities Property expenses Insurance Management charges Amortisation of grant |
44,614 2.736 37,110 (1.910) |
50,613 2,505 31,011 (1,910) |
| 82,550 | 82,219 | |
| Other Depreciation of tangible fixed assets |
3,476 | 3,476 |
| Support costs | ||
| Governance costs Accountancy and legal fees |
3,276 | 2.964 |
| Total resources expended | 89,302 | 88,659 |
| Net expenditure before gairts end losses | (719) | (10,430) |
| Realised recognised gains and losses | ||
| Realised ga(ns/(lo8ses) on fixed asset inveslmenls |
12,868 | (7,293) |
| Net income/(expenditure) | 12,149 | (17,723) |