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)**|