## 

||||||||Page||
|---|---|---|---|---|---|---|---|---|
|Reference|and Administrative<br>||||Details||I||
|Report<br>of|the|Trustees||||2|<br>to|4|
|Independent||Examiner's||Report|||S||
|Statement|of|Financial||Activities|||6||
|Balance<br>Sheet|||||||7||
|Cash Flow|Statement||||||8||
|Notes<br>to|the|Cash Flow||Statement|||9||
|Notes<br>to|the|Financial||Statements||10|<br>to|20|
|Detailed<br>|Statement<br>||of|Financial|Activities|21|to|22|





|TRUSTEES|||Adrian Mark|Horsley|
|---|---|---|---|---|
||||Mrs Patricia Anne Booth||
||||James Needler||
||||Nicholas Luffingham||
||||Mr  Anthony<br>|Nicholson|
||||Nei1 Riseham||
||||Mrs Karen  Woods||
|PRINCIPAL<br>|ADDRESS||c/o Caretakers|Lodge|
||||2A  Lees Rest|House|
||||Anlaby Road||
||||Hull||
||||East Yorkshire||
||||HU4 6XA||
|REGISTERED|CHARITY<br>|NUMBER|221523||
|INDEPENDENT|EXAMINER||Sowerby||
||||Chartered<br>Accountants||
||||Beckside Court||
||||Annie Reed Road||
||||Beverley||
||||East Yorkshire||
||||HU17 0LF||
|BANKERS|||HSBC||
||||3-4 Jameson<br>Street||
||||Hull||
||||HUI 3JX||
|INVESTMENT|MANAGERS||JM FINN||
||||4 Coleman Street||
||||London||
||||EC2R5TA||





## 

## 

|||||2024||2023|
|---|---|---|---|---|---|---|
|Number|of  residents|at year|end||136||
|Changes|in residents|during<br>|the year due  to:||||
|New residents|||||8||
|Resignations|||||||
|Deaths|||||||
||||||13||
|Average<br>|age of  residents||||78||





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## 

|||||||||2024|2023|
|---|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Restricted|Total|Total|
|||||||funds|funds|funds|funds|
||||||Notes|L||||
|INCOME<br>|AND<br>|ENDOWMENTS||FROM||||||
|Charitable|activities||||4|||||
|Charges to|residents|||||558,608||558,608|547,456|
|Income from laundry||||||3,680||3,680|4,089|
|Electric sales||||||76, 189||76, 189|84,879|
|Investment|income||||3|31,878||3I ,878|24,270|
|Total||||||670,355||670,355|660,694|
|EXPENDITURE|||ON|||||||
|Raising<br>funds||||||||||
|Other trading activities|||||5|456,521||456,521|483,700|
|||||||456,521||456,521|483,700|
|Charitable|activities||||6|||||
|Governance|costs|||||258,084||258,084|256,002|
|Total||||||71 4,605||71 4,605|739,702|
|Net gains|on investments|||||64,381||64,381|42,517|
|NET INCOME/(EXPENDITURE)||||||20, 131||20,131|(36,491)|
|RECONCILIATION|||OF FuNDS|||||||
|Total funds  brought|||forward|||1,462,022|80,023|1,542,045|1,578,536|
|TOTAL<br>|FUNDS||CARRIED<br>|FORWARD||1,482,153|80,023|1,562,176|1,542,045|



## 



## 

|||||||2024||2023|
|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total||Total|
|||||funds|funds|funds||funds|
||||Notes|l|||||
|FIXED<br>ASSETS|||||||||
|Tangible assets|||12|190,596|76,205|266,801||361,016|
|Investments|||13|718,474||718,474||643,666|
|||||909,070|76,205|985,275|I|,004,682|
|CURRENT<br>|ASSETS||||||||
|Debtors|||14|4,322||4,322||246|
|Cash at bank|and in|hand||606,401|3,818|610,219||575,585|
|||||610,723|3,818|614,541||575,831|
|CREDITORS|||||||||
|Amounts<br>falling  due||within one  year|IS|(37,640)||(37,640)||(38,468)|
|NET CURRENT<br>ASSETS||||573,083|3,818|576,901||537,363|
|TOT<br>AL ASSETS<br>||LESS CURRENT|||||||
|LIABILITIES||||1,482,153|80,023|1,562,176|1,542,045||
|NET ASSETS||||1,482,153|80,023|1,562,176|1,542,045||
|FUNDS|||16||||||
|Unrestricted<br>|funds|||||1,482,153|I ,462,022||
|Restricted<br>funds||||||80,023||80,023|
|TOTALFUNDS||||||I ,562,  176|I ,542,045||





## 

||||||||2024|2023|
|---|---|---|---|---|---|---|---|---|
|||||||Notes|||
|Cash flows|from||operating||activities||||
|Cash  generated<br>||from operations||||I|13,183|(19,490)|
|Net cash provided|||by/(used<br>|in)|operating<br>|activities|13, 183|(19,490)|
|Cash flows|from||investing||activities||||
|Purchase<br>of|fixed||asset investments||||(20,859)|(18,375)|
|Sale of  fixed|asset||investments||||10,432|9,581|
|Interest<br>received|||||||I I ,019|5,895|
|Dividends<br>received|||||||20,859|18,375|
|Net cash provided|||by investing||activities||21 ,451|IS,476|
|Change<br>in|cash||and cash|equivalents<br>||in the|||
|reporting<br>|period||||||34,634|(4,014)|
|Cash and|cash||equivalents||at the beginning||||
|of the reporting|||period||||575,585|579,599|
|Cash and|cash||equivalents||at  the end|of|||
|the reporting||period|||||610,219|575,585|





## 

## 

|ACTIVITIES|||||||
|---|---|---|---|---|---|---|
||||||2024|2023|
||||||{|{|
|Net income/(expenditure)<br>||for the reporting|period|(as per the|||
|Statement<br>of Financial Activities)|||||20, 131|(36,491 )|
|Adjustments<br>for:|||||||
|Depreciationcharges|||||94,215|94,215|
|Gain on investments|||||(64,381 )|(42,517)|
|Interest received|||||(11,019)|(5,895)|
|Dividendsreceived|||||(20,859)|(18,375)|
|(Increase)/decreaseindebtors|||||(4,076)|5,197|
|Decreaseincreditors|||||(828)|(IS,624)|
|Net cash provided<br>|by/(used|in)  operations|||13,183|(19,490)|



## 

|||At  I/I  0/23|Cash flow|At  30/9/24|
|---|---|---|---|---|
|Net|cash||||
|Cash|at bank  and in hand|575,585|34,634|610,219|
|||575,585|34,634|610,219|
|Total||575,585|34,634|610,219|





## 

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## 



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## 

## 



## 

## 

## 

|INVESTMENT<br>INCOME|||
|---|---|---|
||2024|2023|
||{|{|
|UK  listed  investments|I 4,707|9,984|
|Overseas listed  investments|6, 152|8,391|
|Deposit account interest|I I ,019|5,895|
||31 ,878|24,270|



## 

|INCOME|FROM<br>CHARITABLE|ACTIVITIES|||||
|---|---|---|---|---|---|---|
||||||2024|2023|
|||Charges|ncome||||
||||from|Electric|Total|Total|
|||residents|laundry|sales|activities|activities|
|Charges|to residents|558,608|||558,608|547,456|
|Income|from laundry||3,680||3,680|4,089|
|Electric|charges to residents|||59,618|59,618|69,702|
|RHI||||I 6,57  I|16,571|15, I 77|
|||558,608|3,680|76,189|638,477|636,424|



## 

|OTHER|TRADING<br>ACTMTIES|||
|---|---|---|---|
|||2024|2023|
|Heating|costs|4 996|9,223|
|Staff  costs||28,746|27 280|
|Rates and water||6,379|4 977|
|Insurance||6 882|6, 173|
|Background<br>heating||34 013|29 089|
|Garden|maintenance|2,487|3 447|
|Water<br>|charges|SO 05|34,319|
|Cleaning||2,470|3,248|
|Routine|maintenance|35 449|42,558|
|Property|repairs|65 048|203 386|
|Carried|forward|456,521|483,700|





## 

|||||2024|2023|
|---|---|---|---|---|---|
|Brought forward||||456,52|483 700|
|||||456,521|483,700|
|CHARIT|ABLE ACTIVITIES||COSTS|||
||||||Support|
||||||costs (see|
||||||note 7)|
|Governance||costs|||258,084|
|SUPPORT||COSTS||||
||||||Governance|
||||||costs|
|Governance||costs|||258,084|



## 

## 

## 

|||2024|2023|
|---|---|---|---|
|Wages|and salaries|I34,342|36,900|
|Social|security costs|6,906|7,592|
|Other|pension  costs|6,921||
|||148, 169|152,256|





## 

||2024||2023||
|---|---|---|---|---|
|Administration||2||2|
|Cleaning||2||2|
|Caretaker||I||I|
|Garden maintenance||I||I|
|||6||6|



|COMPARATIVES<br>FOR THE ST ATEMENT|COMPARATIVES<br>FOR THE ST ATEMENT|OF  FINANCIAL|ACTIVITIES|||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
||||funds|funds|funds|
|INCOME<br>AND<br>ENDOWMENTS|FROM|||||
|Charitable<br>activities||||||
|Charges to residents|||547,456||547,456|
|Income from laundry|||4,089||4,089|
|Electric sales|||84,879||84,879|
|Investment<br>income|||24,270||24,270|
|Total|||660,094||660,694|
|EXPENDITURE<br>ON||||||
|Raising<br>funds||||||
|Other trading activities|||483,700||483,700|
||||483,700||483,700|
|Charitable<br>activities||||||
|Governance<br>costs|||256,002||256,002|
|Total|||739,702||739,702|
|Net gains on investments|||42,517||42,517|
|NET INCOME/(EXPENDITURE)|||(36,491)||(36,491  )|





## 

|||||Unrestricted|Restricted||Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds||funds|
|||||{|{|||
|RECONCILIATION||OF|FUNDS|||||
|Total  funds brought||forward||I ,498,SI  3|80,023|I ,578,536||
|TOTAL|FUNDS<br>|CARRIED|FORWARD|I ,462,022|80,023|I ,542,045||



## 

## 

|T  ANGIBLE<br>FIXED<br>ASSETS||||
|---|---|---|---|
|||mprovements||
||Freehold|||
||property|property|Totals|
|COST||||
|At I October 2023 and 30 September 2024|76,205|942, 147|1,018,352|
|DEPRECIATION||||
|At I October 2023||657,336|657,336|
|Charge  for  year||94,215|94,215|
|At 30 September 2024||75 I ,551|751 ,551|
|NETBOOKVALUE||||
|At 30 September 2024|76,205|190,596|266,80|
|At  30 September 2023|76,205|284,81|361 ,016|





## 

## 

|||||||||Listed|
|---|---|---|---|---|---|---|---|---|
|||||||||rnvestments|
|MARKETVALUE|||||||||
|At I October|2023|||||||643,666|
|Additions||||||||20,859|
|Disposals||||||||(10,432)|
|Revaluations||||||||64,381|
|At  30 September<br>||2024||||||718,474|
|NET BOOK|VALUE||||||||
|At  30 September<br>||2024||||||718,474|
|At  30 September<br>||2023||||||643,666|
|Analysis<br>of|investment||assets||||2024|2023|
|ASSetS in the|UK||||||347,345|284,552|
|Assets outside|the|UK|||||371,129|359,114|
||||||||718,474|643,666|
|Cost or valuation||at 30|September|2024|is represented|by:|||
|||||||||Listed|
|||||||||investments|
|Valuation in 2024||||||||718,474|
|DEBTORS:<br>|AMOUNTS||FALLING<br>||DUE WITHIN|ONE YEAR|||
||||||||2024|2023|
|Other debtors|||||||4 322|246|





## 

||2024|2023|
|---|---|---|
|Trade creditors|2,019||
|Taxation and social  security|2,425|442|
|Other creditors|33,196|37 026|
||37,640|38,468|



## 

|||||Net|Transfers||
|---|---|---|---|---|---|---|
|||||movement|between||
||||1/10/23|in funds|funds|30/9/24|
|||||L|||
|Unrestricted<br>funds|||||||
|Restricted|investment|fund|250,408|61 ,725|(58,000)|254,  133|
|Free investment<br>fund|||I ,208,087|123,454|(116,000)|I ,21 S,54I|
|Cyclical|maintenance<br>|fund|I ,387|(23,286)|30,000|8,101|
|Extraordinary<br>repair||fund|I ,750|(141,762)|144,000|3,988|
|Property|maintenance|fund|390|||390|
||||I ,462,022|20, 13I||I ,482,  153|
|Restricted|funds||||||
|Property|endowment|fund|50,023|||50,023|
|Mortgage|redemption|fund|30,000|||30,000|
||||80,023|||80,023|
|TOT<br>AL|FUNDS||I ,542,045|20, 131||I ,562,  176|
|Net movement<br>in funds,  included in the  above are as follows:|||||||
||||ncommg|Resources|Gains  and|Movement|
||||resources|expended|losses|in funds|
|Unrestricted<br>funds|||||||
|Restricted|investment|fund|223,452|(183,187)|21 460|61 ,725|
|Free investment<br>fund|||446,903|(366,370)|42,92|I 23,454|
|Cyclical|maintenance<br>|fund||(23,286)||(23,286)|
|Extraordinary<br>repair||fund||(141,762)||(141,762)|
||||670,355|(714,605)|64,381|20, 131|
|TOT<br>AL|FUNDS||670,355|(71 4,605)|64,381|20,131|





## 

## 

|||||Net|Transfers||
|---|---|---|---|---|---|---|
|||||movement|between||
||||/ IO/22|in funds|funds|30/9/23|
|Unrestricted<br>funds|||||||
|Restricted|investment|fund|260,778|55,630|(66,000)|250,408|
|Free investment<br>fund|||I ,228,822|I I I ,265|(132,000)|I ,208,087|
|Cyclical|maintenance<br>|fund|6,645|(33,258)|28,000|I ,387|
|Extraordinary<br>repair||fund|I ,878|(170,128)|170,000|1,750|
|Property|maintenance|fund|390|||390|
||||I ,498,513|(36,491  )||I ,462,022|
|Restricted|funds||||||
|Property|endowment|fund|50,023|||50,023|
|Mortgage|redemption|fund|30,000|||30,000|
||||80,023|||80,023|
|TOT<br>AL|FuNDS||1,578,536|(36,491)||I ,542,045|



||||Incoming|Resources|Gains  and|Movement|
|---|---|---|---|---|---|---|
||||resources|expended|losses|in funds|
||||{|{|||
|Unrestricted|funds||||||
|Restricted<br>|investment|fund|220,231|(178,773)|14, 172|55,630|
|Freeinvestmentfund|||440,463|(357,543)|28,345|I I I ,265|
|Cyclicalmaintenancefund||||(33,258)||(33,258)|
|Extraordinary|repair|fund||(170,  128)||(170,128)|
||||660,694|(739,702)|42,517|(36,491)|
|TOTALFUNDS|||660,694|(739,702)|42,517|(36,491)|





## 

||||||Net|Transfers||
|---|---|---|---|---|---|---|---|
||||||movement|between||
|||||1/10/22|in funds|funds|30/9/24|
|Unrestricted|funds|||||||
|Restricted|investment|fund||260,778|117,355|(124,000)|254,133|
|Free investment<br>fund|||I ,228,822||234,719|(248,000)|I ,21 S,54I|
|Cyclical maintenance<br>||fund||6,645|(56,544)|58,000|8, 101|
|Extraordinary<br>repair<br>||fund||I ,878|(311  ,890)|314,000|3,988|
|Property<br>|maintenance|fund||390|||390|
||||I ,498,513||(16,360)||1,482,153|
|Restricted|funds|||||||
|Property<br>|endowment|fund||50,023|||50,023|
|Mortgage<br>|redemption|fund||30,000|||30,000|
|||||80,023|||80,023|
|TOTALFUNDS|||I ,578,536||(16,360)||I ,562, 176|



|||||ncoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|---|
|||||resources|expended|losses|in funds|
|Unrestricted||funds||||||
|Restricted<br>|investment||fund|443  683|(361  ,960)|35 632|117,355|
|Free investment||fund||887  366|(723,913)|71 ,266|234,719|
|Cyclical maintenance<br>|||fund||(56,544)||(56,544)|
|Extraordinary||repair|fund||(31I ,890)||(31I ,890)|
|||||1,331,049|(l ,454,307)|I 06,898|(16,360)|
|TOTALFUNDS||||1,331,049|(I ,454,307)|106,898|(16,360)|





## 



|||2024|2023|
|---|---|---|---|
|INCOME<br>AND|ENDOWMENTS|||
|Investment<br>income||||
|UK  listed  investments||14,707|9,984|
|Overseas listed investments||6,152|8,391|
|Deposit account|interest|I I ,019|5,895|
|||31 ,878|24,270|
|Charitable<br>activities||||
|Charges to residents||558,608|547,456|
|Income from laundry||3,680|4,089|
|Electric charges|to residents|59,6  18|69,702|
|RHI||16,571|IS, I 77|
|||638,477|636,424|
|Total<br>incoming|resources|670,355|660,694|
|EXPENDITURE||||
|Other<br>trading<br>|activities|||
|Heating costs||14,996|19,223|
|Wages||26,082|24,734|
|Social security||1,360|I ,310|
|Pensions||I ,304|I ,230|
|Rates and water||6,379|4,977|
|Insurance||16,882|16, 173|
|Background<br>heating||134,013|129,089|
|Garden maintenance||2,487|3,447|
|Water<br>charges||50,051|34,319|
|Cleaning||2,470|3,248|
|Routine maintenance||35,449|4 2,558|
|Property<br>repairs||165,048|203,386|
|||456,521|483,700|
|Support<br>costs||||
|Governance<br>|costs|||
|Salaries||108,260|112, 166|
|Carried forward||108,260|112, 166|





## 

|||||||||2024|2023|
|---|---|---|---|---|---|---|---|---|---|
|Governance<br>|costs|||||||||
|Brought<br>forward||||||||108,260|112,  166|
|Social security||||||||5,546|6,282|
|Pensions||||||||5,617|6,528|
|Brokers<br>fees||||||||10,432|9,581|
|Bank charges and||interest||||||579|580|
|Legal  and professional|||fees|||||850|2, 101|
|General<br>administration,||||stationery||telephones|etc.|18,563|10,323|
|Accountancy||||||||14,022|14,220|
|Depreciation||||||||94,215|94,215|
|||||||||258,084|256,002|
|Total resources<br>|expended|||||||714,605|739,702|
|Net<br>expenditure||before|||gains|and losses||(44,250)|(79,008)|
|Realised<br>recognised|||gains||and|losses||||
|Unrealised<br>gains|on|investments||||||61 ,993|36,691|
|Realised gains/(losses)|||on|programme||related||||
|investments||||||||2,388|5,826|
|Net income/(expenditure)||||||||20, 131|(36,491)|