2025-09-30-accounts - Lee's Rest Houses

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						Page
Reference	and Administrative			Details
Report of the		Trustees			2	to	4
Independent		Examiner's	Report
Statement	of	Financial	Activities
Balance Sheet
Cash Flow	Statement
Notes to	the	Cash Flow	Statement
Notes to	the	Financial	Statements		10	to	20
Detailed	Statement of		Financial	Activities	21	to	22

TRuSTEES		Mr Adrian Mark Horsley
		Mrs Patricia Anne Booth
		Mr James Needler
		Mr Nicholas Luffingham
		Mr Anthony Nicholson
		Mr Neil Riseham
		Mrs Karen Woods
		Mr Stephen Price
PRINCIPAL	ADDRESS	c/o Caretakers Lodge
		2A Lees Rest House
		Anlaby Road
		Hull
		East Yorkshire
		HU4 6XA
REGISTEREDCHARITYNUMBER		221523

INDEPENDENT	EXAMINER	Sowerby
		Chartered	Accountants
		Beckside Court
		Annie Reed	Road
		Beverley
		East Yorkshire
		HU 17 0LF
BANKERS		HSBC
		3-4 Jameson Street
		Hull
		HUI 3JX
INVESTMENT	MANAGERS	JM FINN
		4 Coleman	Street
		London
		EC2R5TA

			2024
Number	of residents at year end	134	136
Changes	in residents during the year due to:
New residents		10	8
Resignations
Deaths
		12	13
Average	age of residents	77	78

								2025	2024
						Unrestricted	Restricted	Total	Total
						funds	funds	funds	funds
					Notes	{
INCOME AND		ENDOWMENTS		FROM
Charitable	activities				4
Charges to residents						552,909		552,909	558,608
Income from	laundry					4,620		4,620	3,680
Electric sales						76,555		76,555	76, 189
Investment income					3	31,067		31 ,067	31 ,878
Total						665, 151		665, 151	670,355
EXPENDITURE		ON
Raising funds
Other trading	activities				5	617,123		617, 123	456,521
						617, 123		617, 123	456,521
Charitable	activities				6
Governance	costs					254,893		254,893	258,084
Total						872,016		872,016	714,605
Net gains on	investments					9,71 I		9,711	64,381
NET INCOME/(EXPENDITURE)						(197,154)		(197, 154)	20, 131
RECONCILIATION		OF FUNDS
Total funds brought		forward				1,482,153	80,023	1,562,176	1,542,045
TOTAL FUNDS		CARRIED	FORWARD			1,284,999	80,023	1,365,022	1,562,176
CONTINUING		OPERATIONS

							2025	2024
					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
				Notes
FIXED	ASSETS
Tangible	assets			12	96,381	76,205	172,586	266,801
Investments				13	738,782		738,78)!	718,474
					835,163	76,205	91 I ,368	985,275
CURRENT		ASSETS
Debtors				14				4,322
Cash at	bank	and in	hand		521,957	3,818	525,775	610,219
					521,957	3,818	525,775	614,541
CREDITORS
Amounts	falling due		within one year	IS	(72,121)		(72,121)	(37,640)
NET CURRENT ASSETS					449,836	3,818	453,654	576,901
TOT AL	ASSETS		LESS CURRENT
LIABILITIES					I ,284,999	80,023	I ,365,022	I ,562, 176
NET ASSETS					I ,284,999	80,023	I ,365,022	I ,562, I 76
FUNDS				16
Unrestricted		funds					I ,284,999	I ,482, 153
Restricted	funds						80,023	80,023
TOT AL	FUNDS						I ,365,022	I ,562, 176

					2025	2024
				Notes
Cash flows from	operating		activities
Cash generated from operations				I	(104,913)	13,183
Net cash (used in)/provided		by	operating	activities	(104,913)	13,183
Cash flows from	investing	activities
Purchase of fixed	asset investments				(21 ,363)	(20,859)
Sale of fixed asset	investments				10,765	10,432
Interest received					9,705	I I ,019
Dividends received					21,362	20,859
Net cash provided	by investing		activities		20,469	21 ,451
Change in cash	and cash	equivalents		in the
reporting period					(84,444)	34,634
Cash and cash equivalents		at the beginning
of the reporting	period				610,219	575,585
Cash and cash equivalents		at the end		of
the reporting period					525,775	610,219

ACTMTIES
				2025	2024
				{	{
Net (expenditure)/income		for the reporting	period (as per the
Statement of Financial	Activities)			(197, 154)	20, 131
Adjustments for:
Depreciationcharges				94,215	94,215
Gain on investments				(9,71 I )	(64,381 )
Interest received				(9,705)	(11,019)
Dividendsreceived				(21,362)	(20,859)
Decrease/(increase)indebtoi:s				4,322	(4,076)
Increase/(decrease)increditors				34,482	(828)
Net cash (used in)/provide	d	by operations		(104,913)	13,183

		At I/l 0/24	Cash flow	At 30/9/25
Net	cash
Cash	at bank and in hand	610,219	(84,444)	525,775
		610,219	(84,444)	525,775
Total		610,219	(84,444)	525,775

INVESTMENT INCOME
	2025	2024
UK listed investments	5,548	I 4,707
Overseas listed investments	5,814	6, 152
Deposit account interest	9 705	I I ,019
	31 ,067	31 ,878

					2025	2024
		Charges	Income
			from	Electric	Total	Total
		residents	laundry	sales	activr5es	activities
					l
Charges	to residents	552,909			552,909	558,608
Income	from laundry		4,620		4,620	3,680
Electric	charges to residents			60,286	60,286	59,618
RHI				16,269	16,269	16,571
		552,909	4,620	76,555	634,084	638,477

OTHER	TRADING ACTIVITIES
		2025	2024
			l
Heating	costs	13,956	14,996
Staff costs		30,273	28,746
Rates and water		6,078	6,379
Insurance		17,586	16,882
Background heating		30,766	134,013
Garden	maintenance	2,689	2,487
Water	charges	34,378	50,051
Cleaning		1,210	2,470
Routine	maintenance	49,080	35,449
Propeity	repairs	331,107	165,048
Carried	forward	617, 123	456,521

				2025	2024
Brought forward				617 123	456,52
				617, 123	456,521
CHARIT	ABLE	ACTIVITIES	COSTS
					Support
					costs (see
					note 7)
Governance	costs				254,893
SUPPORT	COSTS
					Governance
					COStS
Governance	costs				254,893

STAFF	COSTS
		2025	2024
Wages	and salaries	138,667	34 342
Social	security costs	6,462	6,906
Other	pension costs	6,901
		152,030	148,169


Administration	2	2
Cleaning	2	2
Caretaker	I	I
Garden maintenance	I	I
		6

COMPARATIVES	FOR THE	STATEMENT	ACTIVITIES
			Unrestricted	Restricted	Total
			funds	funds	funds
INCOME AND	ENDOWMENTS	FROM
Charitable activities
Charges to residents			558,608		558,608
Income from laundry			3,680		3,680
Electric sales			76, 189		76, 189
Investment income			31 ,878		31 ,878
Total			670,355		670,355
EXPENDITURE	ON
Raising funds
Other trading activities			456,521		456,521
			456,521		456,521
Charitable activities
Governance costs			258,084		258,084
Tota[			714,605		714,605
Net gains on investments			64,381		64,381
NET INCOME			20, 131		20, 131

COMPARATIVES	FOR THE	STATEMENT	ACTIVITIES	- continued
			Unrestricted	Restricted		Total
			funds	funds		funds
			{	{
RECONCILIATION	OF FUNDS
Total funds brought	forward		I ,462,022	80,023	I ,542,045
TOT AL FUNDS	CARRIED	FORWARD	1,482,153	80,023	I ,562, 176
INDEPENDENT	EXAMINER'S	REMUNERATION

				mprovements
			Freehold
			property	properfY	Totals
COST
At I October 2024 and 30 September		2025	76,205	942,147	1,018,352
DEPRECIATION
At I October 2024				751,551	751,551
Charge for year				94,21 S	94,215
At 30 September	2025			845,766	845,766
NETBOOKVALUE
At 30 September	20!5		76,205	96,381	172,586
At 30 September	2024		76,205	I90,5%	266,801

							Listed
							investments
MARKETVALUE
At I October	2024						718,474
Additions							21 ,363
Disposals							(10,765)
Revaluations							9,710
At 30 September		2025					738,782
NETBOOKVALUE
At 30 September		2025					738,782
At 30 September		2024					718,474
Analysis of	investment		assets			2025	2024
Assets in the	UK					368,384	347,345
Assets outside	the	UK				370,398	371,129
						738,782	718,474
Cost or valuation		at 30	September	2025 is represented	by:
							Listed
							investments
Valuation in 2025							738,782
DEBTORS:	AMOUNTS		FALLING	DUE WITHIN	ONE YEAR
						2025	2024
Other debtors							4 322

	2025	2024
	I
Trade creditors	50,444	2,019
Taxation and social security	2,912	2,425
Other creditors	18,765	33 196
	72, 121	37,640

				Net	Transfers
				movement	between
			/ I0/24	in funds	funds	30/9/25
					L
Unrestricted funds
Restricted	investment	fund	254, 133	(5, 118)	(60,000)	189,01S
Free investment fund			I ,215,541	(10,228)	(120,000)	I ,085,313
Cyclical	maintenance	fund	8, 101	(1,860)		6,241
Extraordinary repair		fund	3,988	(179,948)	180,000	4,040
Property	maintenance	fund	390			390
			1,482,153	(197,154)		1,284,999
Restricted	funds
Property	endowment	fund	50,023			50,023
Mortgage	redemption	fund	30,000			30,000
			80,023			80,023
TOT AL	FUNDS		1,562,176	(197,154)		I ,365,022

				Incoming	Resources	Gains and	Movement
				resources	expended	losses	in funds
Unrestricted		funds
Restricted	investment		fund	221 ,717	(230,071)	3,236	(5, 118)
Free investment		fund		443,434	(460, 137)	6,475	(10,228)
Cyclical maintenance			fund		(1,860)		(1,860)
Extraordinary		repair	fund		(179,948)		(179,948)
				665, 151	(872,016)	9,71 I	(197,154)
TOT AL FUNDS				665, 151	(872,016)	9,71 I	(197,154)

				Net	Transfers
				movement	between
			1/10/23	in funds	funds	30/9/24
					l
Unrestricted funds
Restricted	investment	fund	250,408	61 ,725	(58,000)	254,133
Free investment fund			I ,208,087	123,454	(116,000)	I ,215,541
Cyclical	maintenance	fund	I ,387	(23,286)	30,000	8, 101
Extraordinary repair		fund	1,750	(141,762)	144,000	3,988
Property	maintenance	fund	390			390
			I ,462,022	20, 131		1,482,153
Restricted	funds
Property	endowment	fund	50,023			50,023
Mortgage	redemption	fund	30,000			30,000
			80,023			80,023
TOT AL	FUNDS		1,542,045	20, 131		1,562,176

			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
			{	{	L
Unrestricted	funds
Restricted	investment	fund	223,452	(183, 187)	21 ,460	61 ,725
Freeinvestmentfund			446,903	(366,370)	42,921	123,454
Cyclicalmaintenancefund				(23,286)		(23,286)
Extraordinaryrepairfund				(141,762)		(141,762)
			670,355	(714,605)	64,381	20, 131
TOT AL	FUNDS		670,355	(714,605)	64,381	20, 13I

					Net	Transfers
					movement	between
				1/10/23	in funds	funds		30/9/25
Unrestricted funds
Restricted	investment	fund		250,408	56,607	(118,000)		189,01S
Free investment fund			I ,208,087		II3,226	(236,000)	I ,085,3 13
Cyclical	maintenance	fund		I ,387	(25,146)	30,000		6,241
Extraordinary repair		fund		I ,750	(321,710)	324,000		4,040
Property	maintenance	fund		390				390
			I ,462,022		(177,023)		I ,284,999
Restricted	funds
Property	endowment	fund		50,023				50,023
Mortgage	redemption	fund		30,000				30,000
				80,023				80,023
TOT AL	FuNDS		I ,542,045		(177,023)		I ,365,022

					Incoming	Resources	Gains and	Movement
					resources	expended	losses	in funds
							I
Unrestricted		funds
Restricted	investment		fund		445, 169	(413,258)	24,696	56,607
Free investment		fund			890,337	(826,507)	49,396	113,226
Cyclical maintenance			fund			(25, 146)		(25,146)
Extraordinary		repair	fund			(321,710)		(321,710)
				I ,335,506		(1,586,621)	74,092	(177,023)
TOT AL FuNDS				I ,335,506		(1,586,621)	74,092	(177,023)

		2025	2024
INCOME AND	ENDOWMENTS
Investment income
UK listed investments		l S,548	l4,707
Overseas listed	investments	5,814	6, 152
Deposit account	interest	9,705	I I ,019
		3 I ,067	31 ,878
Charitable activities
Charges to residents		552,909	558,608
Income from laundry		4,620	3,680
Electric charges	to residents	60,28f>	59,618
RHI		16,269	16,571
		634,084	638,477
Total incoming	resources	665, 151	670,355
EXPENDITURE
Other trading	activities
Heating costs		13,956	I 4,9%
Wages		27,600	26,082
Social security		I ,293	I ,360
Pensions		I ,380	I ,304
Rates and water		6,078	6,379
Insurance		17,586	16,882
Background heating		130,766	134,013
Garden maintenance		2,689	2,487
Water charges		34,378	50,OS I
Cleaning		1,210	2,470
Routine maintenance		49,080	35,449
Property repairs		331,107	165,048
		617, 123	456,521
Support costs
Governance costs
Salaries		I I I ,067	108,260
Carried forward		I I I ,067	108,260

								2025	2024
Governance	costs
Brought forward								I I I ,067	108,260
Social security								5, 169	5,546
Pensions								S,52 I	5,617
Brokers fees								10,765	10,432
Bank charges and		interest						664	579
Legal and professional			fees					850	850
General administration,				stationery		telephones	etc.	13,688	18,563
Accountancy								12,954	14,022
Depreciation								94,215	94,215
								254,893	258,084
Total resources	expended							872,016	714,605
Net expenditure		before			gains	and losses		(206,865)	(44,250)
Realised recognised			gains		and	losses
Unrealised gains	on	investments						10,588	61 ,993
Realised gains/(losses)			on	programme		related
investments								(877)	2,388
Net (expenditure)/in	com	e						(197,154)	20, 131