Independent Exydminer's Report on the Accounts Report to tbe trUsteemberS of Henry. Duke of Cleveland Charity Registered Charity Number 221407 offj #rcounts for the ye4r ended 31.12.24 Re8pedive responsibllltles of As thecbarity's trStee5 you are r&sponsibl¢ for the iry)aration of the trustees and euminer accounts. you consider that ihe audit requirement of section 144 of the Charities 2011 (the A) does not apply. It is my re5FKTrnsibklity to siaie. on the basis of procedure5 StKcified in the Genera] DirectioTLS given by the Charity Conm)issioners under section 145(5Xb) of th¢ Acl. whether particular matters have (xme to my attentiorL B•$is of independenl examiner'5 My examination was carried out in accordance with the General Dir¢tions report given by the Charity Commissioners. An examination includes a Teview of the accounting records kept by the charity and a comparison of the acUnts pra8ented with those record%. It also includes ¢onsiderntion of any unusuai items or dtsclosures in the account% and seeking explanations from you as Jsl¢es concerning any such matters. The procedures undertaken do not provide all the evidenee would b¢ requir¢d in an audiL and onsequently I do not exprass an audit opinion on th¢ view giv¢n by th¢ Indep¢nd¢Dt ex4mltt¢r's sts¢emeot In coruKction with tny examinatio no matter has com¢ to my attention. {1) which giv&% me reasonable cause to believe that in any mafrrial ffskxct the requir¢m¢nts to keep accounting rerdS in accordance with section 130 of th¢ A¢L and to pPaff wiurtts which accord with the aLxounting records and to comply with the xcounting requirements of the Act have not been tnet: or (2) to whi¢ty in my i)pinion. atlention should be drawn in orderto enable a prow understanding of the accounts to reached. Signed J_J. Date Nme J>rf (f(J 4JJ>i5- RelevgDt profes$loDal qull1ltIOll Member of the Iltstitute of CharterrAJ Acwunts in England & Wales or body {Iflly) Addre&s Addison & Co. 91 GaIg4 Barnard Castl< Co IrhaM
HENRY, DUKE OF CLFVELAND BALANCE SHE YEAR TO 31 DECEMBER 2024 UnrestrKted Unrestrthd Re5trictrd Restrthd Fund Fund FUNJ FUIKI General Cydical Extraordirtary Totsl Total Reserve 2024 2023 FIXED ASSErs Land & buildirwds Investm•nts Totsl flxed assets 11.40U4 5.107,76 16.510.10 11.40234 IIA02.34 431,260.61 410.190.82 442,662.95 421,593.16 49.493.65 374659.20 49,493.65 376.659.20 OJRRENT ASSETS Debtorslprepayments Cash Charities Deposit Fu1 Cash In hand Totsl ¢urrent assets 2.615.76 71,186.73 1615.76 19,267.32 30.456.37 20.16 3,93452 22,G95.67 28,020.72 19.06 -20,340AG 29,45637 -31.578.95 i.0. 20.16 73.822.65 I,(KQ.C 9,115.91 -31.578.95 51359.61 54.669.97 CURRENT LIABILITIES Receipt in advance Credltorslaccruals Amounts due < l year Totsl ¢urrent Ilabllities 441.62 441.62 816.00 1341.62 1,341.62 816. TOTAL ASS5 LESS CURRENT LIABILITIES 88,991.13 i.£.L $8.&J9.$6 345,080.2S 493,.94 475,447.13 Credltors Amounts due> l year NASS5 I tXYI.W $8 956 345 080.25 493 680.91 475 447.13 CAPITAL FUND Unrestricted Fund General Reservo Restricted FurKI Cyclical Extraordinary TOTAL FUNDS 88.991.13 88.991.13 I,Cfrf).Cw) 74.774.70 58.fA1956 58,f4)9.56 61,081.50 345,080.25 339,5.93 493 680.94 475 447.13 345.080.25 I 0.00 58 609.56 345 080.25 Signed byTWO TRUSTEES on behalf of all TRUSTEES Lord Barnard Date: MrJBPcde Date: 04IO&/L5. [,'( I,"
HENRY, DUKE OF CLEVELAND INCOME AND EXPENDITURE ACCOUNT YEAft TO 31 DECEMBER 2024 Fund FuThJ Fund Cydical Extraordinary Total Total General Reserve 2024 2023 NCOME Contributions from resldents Investment income Dlvidend Iome shares 39,253.72 39.253.72 34.259.93 388.21 388.21 3.648.55 Dlvldend accumulatlon shares Ch8ritie5 dep%it fund Total in¢omin8 resources 35IXI.41 Ih35.65 4.936A16 21.IA9.79 24.570.20 1,435.65 65.E47.78 19.582.24 1,051.36 58.542.08 39,641.93 21,069.79 EXPENDITURE Dlrect ChGritoble Expenditure Routirvd maintenance 11.047.78 11,ts17.78 5,439.88 Cyclicallextra-ordinary repairs Water rate, council tsx etc Insurance Warden rvic• Sundry expenses National AssocTration of Almshouses subscription Houslng Ombudsman 7.406.( 15WA7 22,988A7 3,919.82 2,389.32 309AO 11,593A8 3,522.34 2,201.20 293.80 3.919A2 238932 22050 927.37 539.IXI 393.00 96.36 9636 59.00 Mt7nt7gement & odmlnlstrt7tlon Remuneration of Clerk MlsGellaneous petty ¢a$h 4A12.42 412A2 148.90 4.062.42 140,76 Independent Examiners fees Total resources exFended 2.) 912.IX) 816.LKI 24.425.50 7.4Q8.fK> IS.$80A7 47,413.97 29,459.25 Net InmIng resources before trar5 Transfers 15.21&43 .I,cw. -1471.94 5.18932 18.233.81 29.082.83 i.(KQ Total funds brought forward 74.774.70 61.CI.$0 339.5.93 475,447.13 446,364.30 TOTAL FUNDS CARRIED FORWARD 88.991.13 LIX(I.LKI 58.EiYJ56 345.080.25 493.680.91 475.447.13
HENRY, DUKE OF CLEVELANO NOTES TO THE ACCOUNTS Y&qR TO 31 DECEMBER 2024 I. PRfNcipAL ACCOLNfiNG POIJCIES The Charity is govemed by L Scheme of the Charity Commiygioners. Thege w)unts havE been prepar in accordance applicable )untIn8 Standard and Accountu)8 and Rw)rting by Cl]aritie5- Statement of Recommended Prts"Ce FRS 102. A) Tht a¢¢ounts are preparèj OA tht histOne81 CO b&%is. b) Housin8 Land and Butlth"n The only red pr¢)Fffj oprned by the Charity 15 a block of 12 Almshouses Cnstr in th¢ s¢cond half of the 19 Century. No accu¢ rrd of their coa is now available. and the B8]ance Sheet [n¢lud onty the ¢0* of the improvements oul sÈnce 1985. funded by grants and mortga8e loans from th¢ HOU5ll Cotporalion and from the Charity's own resources. Since the WOFwty is maintsined in a of rqmir the TnL4e&s are of the opinion that tt is not appropriate lo provide for deprlaOn thereof. ) Housing Association Grant The grant. shown a5 a dlucI10n from the Cost of the Improvements carried out since 1985, is repayttble in Lyrtain ¢ir¢urtlstsnce4 particularly folloiving s8Je of the propety. The Tn do not intend to ¥ell any pwt of the prop and do not anticipate that the grant wll b#ome repayable. 2. FIXED ASSEfs, FREEHOLD AND BUILDINGS 2024 2023 Balan¢è brou8ht forward Additions Houslni Assoclation Grant Disposals Balanc8 carrled fonward 277.447.74 277,447.74 26&(hl5.40 266,045AO 11.402.34 11,402.34
HENRY. DUKE OF CLEVELAND NOTES TO THE ACCOUNTS ICONTINUEDI YEAR TO 310ECEMBER 2024 3. FIXED ASSEfs, INVESTMENT INCOME SHARES 2024 2023 At valuation at 5 February 1976. with subsequent addittons at cosL Common Investrnerrt Fund. Income Shares At be8Inn4r of year Addltions during thÈ year At end of year 54,601AI $4,601AI s4.11.41 S4.1.41 M•rk•t value 89,130.33 240.29 9585 shares- General FurKI 48744 shares. Cyclical Maintenance Fund 25926.515 shar•s- Cyclical MaintenarK• Fund 11759.058 shares Cyclical Malnter+ance Fund 5.107.76 IA145.65 22,572.IXI 10,T76.(KJ 54.ElSl.41 5.107.76 16.145.65 2Z572.( 10.776.00 $4.601.41 4. FIXED ASSEfs. INVESTMENT ACCUMULAMON SHARES At valuation at 5 february 1976 with subsequent additior at cosL National Ass¢xiation of AlmshoL$ Common IrThpstment FuThl Accumulation Share 2024 2023 At beginning of year Additions during the year Aceumulation income added durlng year At end of year 4577332 355,589AI 336.7.17 21.069.79 4577332 376.659.20 19.582.24 355.589.41 Mark•t v•lu• 554,183.99 513.039,27 5. DEBTORS AND PREPAYMENTS 2024 2023 Amgunts falllng due within on¢ year Debtors #nd prepayments 1615.76 3,934.52
HENRY, DUKE OF CLEVELAND NOTES TOTHE ACCOUNTS {CONTINUEDI YL4R TO 31 DECEMBER 2024 6. CREDrroRS AND ACCRUAIS 2024 2023 Amount fallin8 due within one year Credilors & Accruals 816.00 Amounts falllng du¢ after more than one year. ans Ort mortgage 5ecur&J by a ¢h8rge on the Chty'S housing land and butlditigs repayable by quai inslalments of principal and intere5L the final It falli due Mwch 2019. 7. RESTRJCTED FUNDS Extraordinary Rewrs Fund- R¢&ncted tn¢ome Fund Thi8 is a reserve fund for major expendilure and is Inve] in umUl*]0n sha& It was set up for the pUrse of providing for the ¢xtraordirwy repair. improvanent or rebuildm8 of the Almshouw of the Chorrty. Cyclicai MainlenarEce Fund- R&8tri¢ts>J Income Fund This fund Is retwnd by the Trnste¢5 to me£t items of Ordin nltenance and rtyair of the Aknshouses as occwring gt infrequent intwvai8 e.g. intrrnal and external rederaoft and the of professional fees ID respect of Quinquennial InspOns. It is iftve#ed in the Clwities Depw't Fund and Ineome shares. FtrND NAME ORDINARY Incoming Resources Expenditure 2L069.79 15.580A7 4.936.06 7.4(&8. Gains and lossts (net movemerkts) 5.489.32 -1471.94 Opening balance Transfer from General Fund C105ing bdance 339.59)S3 61.081.50 345,080.25 58,E4)9.S6
The Cyclical Fund and Extraordmary Fund were overdrawn by £20.340 46 and £31.578 95 resptively the year end with the overdrawn element represent by futmts held in the General Fund. sift the year eLd fimds have been transFThl from the General Fund to rxitsfy the sttuation. 8. CAprrAL COMMrrMENts There were no commitrnents for capitat expdityre at 31 D¢omber 2024.