WILLIAM NU￿ALL COThAGE HOMES ANNUAL REPORT Flnanclal year: I" Aprfl, 2024 31rt March 2025 Registered Clwrity No. 222066 TRUSTEES: Mr Markjohn Hunter Chairman Mr5 Helen Clare Scott Trustee Mr Peter Downie Trustee ADVISORS: Mrs Rosemarie Sharp Sollcltorl Clerk Mrs Samantha Watton Clerk Qualitysolicitors Jordans Solicitors W H Prior & Co. Accountants Vir8in Money PIC Bankers ADMINISTRATIVE OFFICES: 4 Priory Place, Doncaster, DNI IBP OBJEcfs OF THE TRUST In 1930 William Nuttall. a local businessman and sweet manufarturer. provided funds to construct the Cottages with the aim of providing homes for elderly spinsters in need, from the Borough of Doncaster. known as the William Nuttall Cottage Homes for Aged Spinsters. Under the temis of a Scheme dateil ihe 16th January 2003 the terms of the Trust were Yevised and the William Nuttall Cottage Homes now provlde homes for ladies aged 55 years and over who are resident at the date of application in Doncasteror within a 10 mile radius who are suffering hardship or dlstress, or for such charltable purposes for the benefit of the residents ot the homes as the Trustees shall decide. The rules and entry requirements for the residents of the homes are set down wlthin the Scheme and ihe regulations for occupation of the cottages are set down in the f(esidents Handbook, a copy of which 15 Supplied to each ￿Sident upon occupation. ADMINISTRATION The Trust currently operates with two appointed Trustees and a chairperson elected from that body annually. The Trustees meet periodicalty throu8hout the year and assemble for an Annual General Meeting in January. The Trustees are elected by the members of the Charty Board with appointments and re- appointments being decided on an annual basis. The Trustees have the power to appoint new trustees on an interim basis pending the next AGM CHAIRMAN'S REPORT l am pleased to be able to report once agaln as we close buslness at the year end of March 2025 that the Trust has once again an occupancy of 22 out of the 24 cottsges. Issues relatin8 to damp still appear to be an ongoin8 problem in many of the cottages and is still a cause for concern. Our usual contractors have worked endlessly to Tewlve the damp issues as they arise and residents have been satisfied with the completed works. Fairclough's are a150 trying to encourage all residents to open windows and use the extractor fans installed. The other issue is that the cotta8es are not well ventilated. Bancrofts & Sons Stlll continue to manage the trees and surrounding gardens. Once again a number of complaints have been made by residents asto the lawns and tidlnes5 of the gardens. The annual autumnal fall of leaves also appear to be a problem on the grounds and reports of blocked gutterin& The proposed installatlon of new doors would no doubt have a posltive impact on resident's wellbeing and improvement of the standard of living. Installation of the doors is due to commence during the summer months of 2025 and isvery much welcomed by all residents. The Trustees have nOti￿d over recent years that many more of the resldents and new applicants are now in either part or full-tlme employment. They gather socially especially throu8hout the Summer months and appear to look out for one another. Faiwclough5, The TrusV5 Plumbing contractor have once again successfvlly completed a full gas and Safety check on all cottages. All were deerned complaint and approved. In summary, l and my fellow Trustees feel that we have continued to make progress this year and have maintalned the cottages despite the obstacles thrown In our path. We have throughout the year maintained the cottages to a reasonable standard and forthis we must thank our re8ular tontractors who have made themselves available for urgent works and short notice. The cottage5 are in good order and we believe that we are providing a satisfactory standard of accommodation to our current residents. INANCIAL REPORT The Trustees of the Charity present their annual accounts and financial statement for the year ended 31 March 2025. The Trustees acknowledge thelr requlrement to provhle for the upkeep and maintenance of the cottages and funds have been set aside for this purpose derived from the Maintenan￿ payments made by the Ladies TRUSTEES. RESPONSIBILITY sfATEMENT The Trustee5 of the William Nuttall Cottage Homes registered Charity are required to prepare financial statements for each flnanclal year that gives a twe and falr vlew of the state of affalrs of the Charlty at the end of the financial year and of movements of funds for that period. The Trustees confirm that suitable accountancy policie5 have been used throu8hout in accordance with the ￿atement of recommended practi￿ Issued by the Charities Commission. The Trustees ore responsible for keepin8 proper accounting records and for taking ￿asOnable steps to safeguard the assels of the Charity in order to prevent and detect fraud or other irregularities. IUSK The Trnjstees have carried out a review of the major risks to which the charity may be exposed and have adopted a risk stralegy plan in respect of these. The policy will be subjert to fvrther review during the coming twelve months The Trustees are satisfied that there are no serious incidents or other matters which they should have brought to the attention of the Commi55ion and had not done so already. So far as the Trustees are aware there is no relevant audit infom)ation of which the Independent Examiners are unaware and each Trustee has taken all the step5 that he or she ought to have taken as a Trustee in order to make himself or herself aware of any Independent examination information and to establish that the Independent Examiners are aware of that information. FIXED ASSErs Any movement in Fixed Assets is reflected in the Accounts STATEMENT OF INVE TMENT POUCY TheTrustees are aware of their obligation to consider and provide a Statement of Investment Policy which has been compiled and submitted to the Trustees for their approval. EVENTS SINCE THE BALANCE SHEEf DATE No events have occurred since the Balance Sheet date which affect the Charity TRUSTEES The Trustees of the Charity who Served during the year and up to the date of this Report are set out on Page l of this Report This Report has been prepared in accordance with the Statement of Recommended Practice Accounting and Reporting by Charities ISORP 2015} This Report approv¢d by the Tn]stee Board on the 2è<1I DayofS4Y4 202 and signed by:" Mr Markjohn Hunter On behalf of the Trustees of the William Nuttall Cottage Hothes THE WILLIAM NUTTALL COThAGE HOMES Olegistered Charity 222066) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 THE WILLIAM NU￿ALL COTTAGE HOMES FINANCIAL STATEMEIYTS FOR THE YEAR ENDED 31ST MARCH 2025 CONTENTS Page Le8al 2nd Administrative tknils Ind¢p¢ndentExaminer's Report Staternent of Financial Activities Balance She NotL8 lothe Financial Statments P4ge I THE WILLIAM NurrALL COThAGE HOMES LEGAL AND ADMINISTRATIVE DETAILS Truste&s MT. M.J. Hunter, MRICS MTS. H.C. Scoti MrPeter Downi¢ Corr¢8p￿dent & Cl¢rkto Th￿1¢¢$ R. Shwp. LL.B. Admllllstr*tfve Ollkes 4 PTiOry PlacE, IA)nc4ster. DNI IBP Ch*rltyRegbtraOon Numb 222066 GoYernlDg lThstruwt Sch¢TrK of the Charity Commissiona3 mad¢ on 16th January 2(K)3 Solkelto jorda￿ Solicitors LLP, 4 Priory Place, DonwteT. DNI IBP Ind¢peDdeDt EKamiD¢r R.A. Prior. FCC& Fc￿ fKhA W. H. Prior Chartered Certified Ac¢ow)ianl& Railway Coun. DN4 5FB PrknclpHI BAthrs Clydr5dale Bank plc Va Virgit) Money* 19 SL sep￿Chr¢ Gale, Doncaster. DNI I'rt) PaEt 2 THE WILLIAM NUTTALL COTTAGE HOMES INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE WILLIAM NU￿ALL cO￿AGE HOMES l Teport on ￿OUnts ofthe Charity IOT thr YearEndvJ 31° Marth 2025 whi¢h or¢ 8¢t ¢)ul on ￿ge$ 3 to 8. This report is mode solely io th¢ Charity's tr￿SteeS, ￿ a body. in accOrdw￿¢ wilh th¢ regulatiON8 made underthe Ch￿Ille5 Ad 2011. My woyk been unde￿k¢n so that I might state to the Charity's trustees those mattax l am r¢quRred to stste to thern in an Irwnt Examiner's r¢ptsrt and for no oiher purpo3¢. To th¢ fiJll¢81 exlent pernit*d by law, I do not ar£ept or￿uMe re5Frfmsibility to anyonE other than the Clwiiy and th¢ Tharity's tnistees a body forthi3 report. R¢$pe¢llve respoDslbiliti¢s 01T￿$t#S EA•mln¢r As the Charity's Trustees. you are responsible forthe prq)ardli(K] of ik¢ you coNidw that a￿111 r¢quiremeDI of Se¢iion 144(21 of ￿ C]wities Ad 2011 {the 2011 Act) dOeS￿l apply. It is my rtswibility examllJ¢ the aCC￿ntS under section 145 of the 2011 Act- to follow the PTIKedures laid dowm in tk Gcncrai Dirtctiotts giTrtn by ik Charity CommiSs￿ne1￿ (utwjtt S￿li0n 145{5Xbl of the 2011 ACL and tu 5tstc whetknparti¢ularmai*ts have ¢om¢ ts my atl¢rtliom B&81¥ rfIndepEndent Examlner'J RepDrt My examinatim was cattied oui in xcordance wi¢h the Genttal Direction% given by the Clwity Commissionws. An examinaiion incl￿1¢5 a review of th¢ ac£ounting recorth kept bv th¢ Chariiy s￿d a comwison of Ihe a￿ount5 ynted with th05t reconls. 11 81so irKludes c4>nsithration of aTW umjsthil items or discl(Nires in the wcounts, and *eking ¢xplanaiiotk% fivm you&8Tn]sI*s￿n￿rning any swh mottrt5. The pr(KedutEsundertaken don￿ provide all the evÉden¢t thai would ￿quiT￿ Th an audii afrKI ¢iwuently no opinion is wven &8 to whether the accounts prGseth a"tn]e and fair view" ond the report is limited to those matters sd in thc thtem¢ni below. Indeptlldtnt EX￿IDer'S Ststement In COJNbe¢tion with my examitwtion, no mJtterh&s come to my attention'.- (a) Ivhich gives me re&s(xJable cause to ￿lieve in any ma*rial r¢spe¢t the requirements to keep ￿￿untIng rrfords it) accorda1￿ with S￿110n 130 ofthe 2011 Ac¢. knd to prepfj￿ a¢count$ which ￿COld with th¢ accowJtin8recordsand to o)mply with theaccouThling requirementsof the 2011 Acl haveTx>t kcn met.. or (b) to which, In my opiwory atttntion should be drawn in ordcr to enable a proper undeTStandiThg of tk accounts to be rea¢hed. ILA. Prlor, F.CCA.. F.C.T.E.. DCkA Ck&rterod Certltsd of IhtAssocl•lknll ofcbarily 1￿￿ePt￿le￿É RJ#mllltr# W. H. Prior Ch*rter¢d Certlfitd A¢¢ount8Dts R8llw&y CoMr4 Done￿ter. DN4 5FB DAt•rt:_ W Jan￿￿ry 2026 P¥ge3 THE WILLIAM Ni)TTALL COTTAGE HOMES STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED JIST MARCH 2025 UnratrlLYed Funds Elldowmeni Total 21125 Not 2024 ID¢ome ettdowments Donations & Grants Ch8ritable gctivitles IKom¢ from ResÈdents 201 201 106J86 7,637 1(kn,586 7,637 98,400 12.669 TOTAL JJVCOME 114824 114424 111,069 ExpeTrdilyrt Dlrt¢t Charltsble Ex￿ndIt￿ Provision of accommodation 134,108 31 134,139 114,401 TOTAL E¥PLVDITURE 134,108 31 134J39 iiwj NETJhfOMEBEFORE OTHER RECOGhYSED GAINWLO&¥ES) {19&84 131) {19,715> 13J32) OTHER RECOGNJSED GAINS/(LOSSES) Gain￿(Lo$se$) on investment &%5cts 1,215 1,215 1.552 NETMOYEMENTINFUNDS (19W) 1.184 (18JllJ) (J,7W} Balanc¢5 knDugh¢ fonyard at 1st April 2024 284.934 108,816 393,750 395,530 B4l•ntt5 carried forw*rd at 31st 21125 265250 375350 393,750 The not¢s on pag(3 5 to 8 form port of these fimncial statements Page 4 THE WILLIAM NurrALL corrAGE HOMES BALANCE SHEET AS AT 31ST MARCH 2025 21125 2021 Note Fixed Auets Tangible Fix¢d a55ets I￿¢STMents 32,819 37,181 32,850 35,966 70.0(K) 68,816 Currtnt assets D¢tho BankAcc io 659 315,845 732 333.968 316,504 334,7 Ll#bllldes . amounts falling d within ycar li 11,254 9,766 Net ewremt 8ssets 305.250 324,934 Net agstts 375,250 393,750 rtstrlet FM Endowment Fund dowmenl l.und 12 12 40,IX)O 68,816 70,IKKI Gtntrnl Fund 265,250 284.934 Tot81 Funds 375.250 393,750 The finaTKial stat¢rnents ￿ pages 3 to 8 were approved by the TA￿le¢S 2￿ JO￿Vary, 2026 and si8ned on theirbelkilf by.." Mr. MJ. HuDtsr Trusttt Th¢ notrs ￿ page5 5 to 8 forn] port of th¢s¢ finan¢i#l statements P•¥e 5 THE WILLIAM NUThALL cO￿AGE HOMES NOTES TO THE FINANCIAL STATEMEIYTS FOR THE YEAR ENDED 31sr MARCH 2025 Ateoulrting polici Basis of 8ttountlng The financi81 statL7ncnts havc ￿cn pret*red underthe histori￿ ¢a4l a¢couniing wnvenlion with lien￿ re¢ogDis¢d at Cost ￿trat￿￿tion valu¢ unle&8 otherwise sta*d in the ￿leVant noies w the ikse ￿cOunT$. Th¢ fjnancial slalemaits hawe bee￿ preparcd acwrdanre with applicable xc4)unting 5tandaTd& the Charitie5 SORP {FRS102) and the ch￿111eS Act 2011. Intom¢ All incomin8 rts>urc¢s aT¢ in¢luded Di th¢ SOFA when the ¢h4rity is lega]ly ¢niitled ￿ the inL￿t arhd the amouni can be qu4lllifl￿ wtth re￿onable ac￿l3¢y. All Ittwn￿ is treattd unre51rirted inGthne, unless the Ik>nor h&%placed Te￿nCIl0￿50￿ the manner sn whrch donatimen aged over 45 yeorn resident in the of ￿nefIt {DutKaster and llll thai ar(9 within a 10 mile rddiu5) who arc ill hardship or dislr¢s4 orsuch chaTitable PUT￿￿ forth¢ benefit of th¢r¢5ideDts as the decide. Flxed Asstts-Deprttlxtion and dityittution value•f #ssets. Tangiblc fixed &%8ets otkr thaj prorty are sratedw cosi1¢&8 depreCi￿lon. DCpre¢l￿1th is w>vided at mtes Calcula￿t0 writ off the cost of fixed ort a reth]cing bala￿ b&%15 OVLY their exp￿1 useful live& The prirtcirAI an￿￿ ratts used forthis puryosc ￿e:_ Fr¢ehold buildin￿ nil Fixtures & fittings lJ•/o lttvestthtiits Listed inves￿￿15 have been valued ai their fair value at the Bal￿1cC Shed thate. The fair Vklueof quoted seL￿nIt¢S is b&%d on the rniddle mthdquotstion on the relevant Stock txchan8¢. T*utloD The chdrity is a registered charity and xcordingly 15 exempt friyn ￿KatiOn on its income aTJd gains W￿t¥ th¢y aT¢ applied for charitable purpose Residettts 2025 24 ContributL¢Jll5 from re5idcnts toward5 rnainlcwjce & services IOA586 98,41M) 10&586 9&400 P￿t6 THE WILLIAM NVTTALL COTTAGB HOMES NOTES TO THE FIIYANCIAL sfATEMENfs FOR THE YEAR ENDED 31sr MARCH 2025 IDVtslment IntomtAnatysts 2025 2024 In Dlvide Dividend5 frum Listed Inv{￿unents Bank Inlerest & Building Society InteK4l 1,673 10,996 5,836 7.637 12,669 (harltsble Actfvltks- Proytslon ofAeeommodath)ll & Servkts 2025 2024 Council Tax- Fjnpty pr(yerties Light & Heat-cOmrnuT￿ 5uppty & Empty propcTti 1,540 1.042 2.673 1,985 1.183 17 Ganlen mainlemn￿ (in¢l. Property ryirs D¢preciation Administr￿10￿ fees rel￿1ng to provision ofac¢ommod*ion ￿¢. 1£g￿ fee5 governance Independeni Ex8miner's ftts Subscriptions 72,124 31 35,280 15,120 2.730 599 52.183 36 3S,O(M) 15,IXK) 1640 582 134,139 114,401 Related Pty Tr*wa¢dons & Trthgttts, No remuneration ￿ paid to the tru51ec5 in thr yw, I￿rW¢Te any experffjc5 ￿]￿l￿￿5¢d. St*ff Costs 2025 2024 Salary rosts "ll￿ d)wtty dLU not haveany employees no employee e4rnal £60,000 per onnum or mo Page 7 THE WILLIAM NUTTALL CO￿AGE HOM NOTES TO THE FINANCIAL SWATEME14TS FOR THE YEAR ENDED 31ST MARCH 2025 Tangibjt Flxed Awts Freehold Lolld & BuiidSnzs Flxts Tot•1 CO￿ or Valuitio 1st Atyil 2024 32fi43 4,518 37.161 3151 MaY¢h 2025 32,643 4.518 37,161 D¢pr¢¢l8tlon 15tApril 2024 Charge forthe Ye4r 4,311 31 4.311 31 31st March 2025 4,342 4,342 Tr4et ljook values 31st M*r¢h 20LS 32ffj43 176 32819 31st Ma￿h 2024 32.643 207 31850 All fixed w¢ts are used in JYl*ion to dircth charitable activitie5. Flxed Asset InYestm¢•t 125 2024 At Mxrk¢t Value MaTkel Valur at I￿ April 2024 Net un1calls￿ investtnenl gainsloosses) 35.966 1,215 34.414 .552 Market Volut at51￿ Mar¢b 2025 37,181 35,966 All inve5tmcnts gre held primarily to pr¢vid¢ an inv¢stmeni fiw ihe charity 8JJd all we held in thc UK. The followiDK inv&qtsneDts form arnaterial prorxJrtioTh of the ponfolio:_ JP Morggn UK Equity Income Fund M&G Charifimd 21,9)9 {59.I7%) 15.182 (40.830A) 37.181 Page 8 THE WILLIAM NU￿ALL corrACE HOMES NOTES TO THE nNANCIAL STATEMENTS FOR THE YEAR ENDED31sf MARCH 2025 io Debtors 2025 SolicitoPs Client A¢¢o￿t Pjrpayments 18 18 714 659 732 A]1 debtors are due year. li Cr¢1]t￿- Amounts falltng withitt otte yt 2025 2024 Trdik creditor5 8,524 2,730 1,126 8,640 1254 9,766 12 Unrestrkted Fu*ds Ba]an¢e .424 C#lnsl(Losses) BxlwKt Ivfjme Exp¢DdI￿r¢ & T￿￿￿Tern 31J25 B￿d0￿men1 Fynd Et)dowment l."ynd 40,IM)O 68,816 40.(M)O 70.0(M) 131) 1.215 General Furkl 284,934 I 14,424 (134,108) 265,250 Totsl Unre51rkted FuDd5 393,750 114,424 1134.139) ,215 375,2 IJ An*ty#i$ tsfNetA￿ts belweei Fu Net 2025 TOTAL 2024 TOTAL Flx¢d Assets Urtre5trrted Fu*d$ LndoTrment l."urtd Endowmeni Fund General l.und 70,IJ)O 70,IKK) 265250 68.816 284.934 265250 70,(K)O 305,250 375.250 393.750 THE HENRY NUTTALL TRUST FUND REGISTERED CHARITY NO. 223001 BALANCE SHEET AT 31 MARCH 2025 2025 2024 ASSET Newcastle Building Society 22,219 21.577 Represented by:" ACCUMULATED TRUST FUND Balance brought forward 21,577 21.103 Add Building Society InteTest received Deduct Grant 642 474 22,219 21,577 THE WILLIAM NUTTALL COThAGE HOMES Olegistered Charity 222066) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 THE WILLIAM NU￿ALL COTTAGE HOMES FINANCIAL STATEMEIYTS FOR THE YEAR ENDED 31ST MARCH 2025 CONTENTS Page Le8al 2nd Administrative tknils Ind¢p¢ndentExaminer's Report Staternent of Financial Activities Balance She NotL8 lothe Financial Statments P4ge I THE WILLIAM NurrALL COThAGE HOMES LEGAL AND ADMINISTRATIVE DETAILS Truste&s MT. M.J. Hunter, MRICS MTS. H.C. Scoti MrPeter Downi¢ Corr¢8p￿dent & Cl¢rkto Th￿1¢¢$ R. Shwp. LL.B. Admllllstr*tfve Ollkes 4 PTiOry PlacE, IA)nc4ster. DNI IBP Ch*rltyRegbtraOon Numb 222066 GoYernlDg lThstruwt Sch¢TrK of the Charity Commissiona3 mad¢ on 16th January 2(K)3 Solkelto jorda￿ Solicitors LLP, 4 Priory Place, DonwteT. DNI IBP Ind¢peDdeDt EKamiD¢r R.A. Prior. FCC& Fc￿ fKhA W. H. Prior Chartered Certified Ac¢ow)ianl& Railway Coun. DN4 5FB PrknclpHI BAthrs Clydr5dale Bank plc Va Virgit) Money* 19 SL sep￿Chr¢ Gale, Doncaster. DNI I'rt) PaEt 2 THE WILLIAM NUTTALL COTTAGE HOMES INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE WILLIAM NU￿ALL cO￿AGE HOMES l Teport on ￿OUnts ofthe Charity IOT thr YearEndvJ 31° Marth 2025 whi¢h or¢ 8¢t ¢)ul on ￿ge$ 3 to 8. This report is mode solely io th¢ Charity's tr￿SteeS, ￿ a body. in accOrdw￿¢ wilh th¢ regulatiON8 made underthe Ch￿Ille5 Ad 2011. My woyk been unde￿k¢n so that I might state to the Charity's trustees those mattax l am r¢quRred to stste to thern in an Irwnt Examiner's r¢ptsrt and for no oiher purpo3¢. To th¢ fiJll¢81 exlent pernit*d by law, I do not ar£ept or￿uMe re5Frfmsibility to anyonE other than the Clwiiy and th¢ Tharity's tnistees a body forthi3 report. R¢$pe¢llve respoDslbiliti¢s 01T￿$t#S EA•mln¢r As the Charity's Trustees. you are responsible forthe prq)ardli(K] of ik¢ you coNidw that a￿111 r¢quiremeDI of Se¢iion 144(21 of ￿ C]wities Ad 2011 {the 2011 Act) dOeS￿l apply. It is my rtswibility examllJ¢ the aCC￿ntS under section 145 of the 2011 Act- to follow the PTIKedures laid dowm in tk Gcncrai Dirtctiotts giTrtn by ik Charity CommiSs￿ne1￿ (utwjtt S￿li0n 145{5Xbl of the 2011 ACL and tu 5tstc whetknparti¢ularmai*ts have ¢om¢ ts my atl¢rtliom B&81¥ rfIndepEndent Examlner'J RepDrt My examinatim was cattied oui in xcordance wi¢h the Genttal Direction% given by the Clwity Commissionws. An examinaiion incl￿1¢5 a review of th¢ ac£ounting recorth kept bv th¢ Chariiy s￿d a comwison of Ihe a￿ount5 ynted with th05t reconls. 11 81so irKludes c4>nsithration of aTW umjsthil items or discl(Nires in the wcounts, and *eking ¢xplanaiiotk% fivm you&8Tn]sI*s￿n￿rning any swh mottrt5. The pr(KedutEsundertaken don￿ provide all the evÉden¢t thai would ￿quiT￿ Th an audii afrKI ¢iwuently no opinion is wven &8 to whether the accounts prGseth a"tn]e and fair view" ond the report is limited to those matters sd in thc thtem¢ni below. Indeptlldtnt EX￿IDer'S Ststement In COJNbe¢tion with my examitwtion, no mJtterh&s come to my attention'.- (a) Ivhich gives me re&s(xJable cause to ￿lieve in any ma*rial r¢spe¢t the requirements to keep ￿￿untIng rrfords it) accorda1￿ with S￿110n 130 ofthe 2011 Ac¢. knd to prepfj￿ a¢count$ which ￿COld with th¢ accowJtin8recordsand to o)mply with theaccouThling requirementsof the 2011 Acl haveTx>t kcn met.. or (b) to which, In my opiwory atttntion should be drawn in ordcr to enable a proper undeTStandiThg of tk accounts to be rea¢hed. ILA. Prlor, F.CCA.. F.C.T.E.. DCkA Ck&rterod Certltsd of IhtAssocl•lknll ofcbarily 1￿￿ePt￿le￿É RJ#mllltr# W. H. Prior Ch*rter¢d Certlfitd A¢¢ount8Dts R8llw&y CoMr4 Done￿ter. DN4 5FB DAt•rt:_ W Jan￿￿ry 2026 P¥ge3 THE WILLIAM Ni)TTALL COTTAGE HOMES STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED JIST MARCH 2025 UnratrlLYed Funds Elldowmeni Total 21125 Not 2024 ID¢ome ettdowments Donations & Grants Ch8ritable gctivitles IKom¢ from ResÈdents 201 201 106J86 7,637 1(kn,586 7,637 98,400 12.669 TOTAL JJVCOME 114824 114424 111,069 ExpeTrdilyrt Dlrt¢t Charltsble Ex￿ndIt￿ Provision of accommodation 134,108 31 134,139 114,401 TOTAL E¥PLVDITURE 134,108 31 134J39 iiwj NETJhfOMEBEFORE OTHER RECOGhYSED GAINWLO&¥ES) {19&84 131) {19,715> 13J32) OTHER RECOGNJSED GAINS/(LOSSES) Gain￿(Lo$se$) on investment &%5cts 1,215 1,215 1.552 NETMOYEMENTINFUNDS (19W) 1.184 (18JllJ) (J,7W} Balanc¢5 knDugh¢ fonyard at 1st April 2024 284.934 108,816 393,750 395,530 B4l•ntt5 carried forw*rd at 31st 21125 265250 375350 393,750 The not¢s on pag(3 5 to 8 form port of these fimncial statements Page 4 THE WILLIAM NurrALL corrAGE HOMES BALANCE SHEET AS AT 31ST MARCH 2025 21125 2021 Note Fixed Auets Tangible Fix¢d a55ets I￿¢STMents 32,819 37,181 32,850 35,966 70.0(K) 68,816 Currtnt assets D¢tho BankAcc io 659 315,845 732 333.968 316,504 334,7 Ll#bllldes . amounts falling d within ycar li 11,254 9,766 Net ewremt 8ssets 305.250 324,934 Net agstts 375,250 393,750 rtstrlet FM Endowment Fund dowmenl l.und 12 12 40,IX)O 68,816 70,IKKI Gtntrnl Fund 265,250 284.934 Tot81 Funds 375.250 393,750 The finaTKial stat¢rnents ￿ pages 3 to 8 were approved by the TA￿le¢S 2￿ JO￿Vary, 2026 and si8ned on theirbelkilf by.." Mr. MJ. HuDtsr Trusttt Th¢ notrs ￿ page5 5 to 8 forn] port of th¢s¢ finan¢i#l statements P•¥e 5 THE WILLIAM NUThALL cO￿AGE HOMES NOTES TO THE FINANCIAL STATEMEIYTS FOR THE YEAR ENDED 31sr MARCH 2025 Ateoulrting polici Basis of 8ttountlng The financi81 statL7ncnts havc ￿cn pret*red underthe histori￿ ¢a4l a¢couniing wnvenlion with lien￿ re¢ogDis¢d at Cost ￿trat￿￿tion valu¢ unle&8 otherwise sta*d in the ￿leVant noies w the ikse ￿cOunT$. Th¢ fjnancial slalemaits hawe bee￿ preparcd acwrdanre with applicable xc4)unting 5tandaTd& the Charitie5 SORP {FRS102) and the ch￿111eS Act 2011. Intom¢ All incomin8 rts>urc¢s aT¢ in¢luded Di th¢ SOFA when the ¢h4rity is lega]ly ¢niitled ￿ the inL￿t arhd the amouni can be qu4lllifl￿ wtth re￿onable ac￿l3¢y. All Ittwn￿ is treattd unre51rirted inGthne, unless the Ik>nor h&%placed Te￿nCIl0￿50￿ the manner sn whrch donatimen aged over 45 yeorn resident in the of ￿nefIt {DutKaster and llll thai ar(9 within a 10 mile rddiu5) who arc ill hardship or dislr¢s4 orsuch chaTitable PUT￿￿ forth¢ benefit of th¢r¢5ideDts as the decide. Flxed Asstts-Deprttlxtion and dityittution value•f #ssets. Tangiblc fixed &%8ets otkr thaj prorty are sratedw cosi1¢&8 depreCi￿lon. DCpre¢l￿1th is w>vided at mtes Calcula￿t0 writ off the cost of fixed ort a reth]cing bala￿ b&%15 OVLY their exp￿1 useful live& The prirtcirAI an￿￿ ratts used forthis puryosc ￿e:_ Fr¢ehold buildin￿ nil Fixtures & fittings lJ•/o lttvestthtiits Listed inves￿￿15 have been valued ai their fair value at the Bal￿1cC Shed thate. The fair Vklueof quoted seL￿nIt¢S is b&%d on the rniddle mthdquotstion on the relevant Stock txchan8¢. T*utloD The chdrity is a registered charity and xcordingly 15 exempt friyn ￿KatiOn on its income aTJd gains W￿t¥ th¢y aT¢ applied for charitable purpose Residettts 2025 24 ContributL¢Jll5 from re5idcnts toward5 rnainlcwjce & services IOA586 98,41M) 10&586 9&400 P￿t6 THE WILLIAM NVTTALL COTTAGB HOMES NOTES TO THE FIIYANCIAL sfATEMENfs FOR THE YEAR ENDED 31sr MARCH 2025 IDVtslment IntomtAnatysts 2025 2024 In Dlvide Dividend5 frum Listed Inv{￿unents Bank Inlerest & Building Society InteK4l 1,673 10,996 5,836 7.637 12,669 (harltsble Actfvltks- Proytslon ofAeeommodath)ll & Servkts 2025 2024 Council Tax- Fjnpty pr(yerties Light & Heat-cOmrnuT￿ 5uppty & Empty propcTti 1,540 1.042 2.673 1,985 1.183 17 Ganlen mainlemn￿ (in¢l. Property ryirs D¢preciation Administr￿10￿ fees rel￿1ng to provision ofac¢ommod*ion ￿¢. 1£g￿ fee5 governance Independeni Ex8miner's ftts Subscriptions 72,124 31 35,280 15,120 2.730 599 52.183 36 3S,O(M) 15,IXK) 1640 582 134,139 114,401 Related Pty Tr*wa¢dons & Trthgttts, No remuneration ￿ paid to the tru51ec5 in thr yw, I￿rW¢Te any experffjc5 ￿]￿l￿￿5¢d. St*ff Costs 2025 2024 Salary rosts "ll￿ d)wtty dLU not haveany employees no employee e4rnal £60,000 per onnum or mo Page 7 THE WILLIAM NUTTALL CO￿AGE HOM NOTES TO THE FINANCIAL SWATEME14TS FOR THE YEAR ENDED 31ST MARCH 2025 Tangibjt Flxed Awts Freehold Lolld & BuiidSnzs Flxts Tot•1 CO￿ or Valuitio 1st Atyil 2024 32fi43 4,518 37.161 3151 MaY¢h 2025 32,643 4.518 37,161 D¢pr¢¢l8tlon 15tApril 2024 Charge forthe Ye4r 4,311 31 4.311 31 31st March 2025 4,342 4,342 Tr4et ljook values 31st M*r¢h 20LS 32ffj43 176 32819 31st Ma￿h 2024 32.643 207 31850 All fixed w¢ts are used in JYl*ion to dircth charitable activitie5. Flxed Asset InYestm¢•t 125 2024 At Mxrk¢t Value MaTkel Valur at I￿ April 2024 Net un1calls￿ investtnenl gainsloosses) 35.966 1,215 34.414 .552 Market Volut at51￿ Mar¢b 2025 37,181 35,966 All inve5tmcnts gre held primarily to pr¢vid¢ an inv¢stmeni fiw ihe charity 8JJd all we held in thc UK. The followiDK inv&qtsneDts form arnaterial prorxJrtioTh of the ponfolio:_ JP Morggn UK Equity Income Fund M&G Charifimd 21,9)9 {59.I7%) 15.182 (40.830A) 37.181 Page 8 THE WILLIAM NU￿ALL corrACE HOMES NOTES TO THE nNANCIAL STATEMENTS FOR THE YEAR ENDED31sf MARCH 2025 io Debtors 2025 SolicitoPs Client A¢¢o￿t Pjrpayments 18 18 714 659 732 A]1 debtors are due year. li Cr¢1]t￿- Amounts falltng withitt otte yt 2025 2024 Trdik creditor5 8,524 2,730 1,126 8,640 1254 9,766 12 Unrestrkted Fu*ds Ba]an¢e .424 C#lnsl(Losses) BxlwKt Ivfjme Exp¢DdI￿r¢ & T￿￿￿Tern 31J25 B￿d0￿men1 Fynd Et)dowment l."ynd 40,IM)O 68,816 40.(M)O 70.0(M) 131) 1.215 General Furkl 284,934 I 14,424 (134,108) 265,250 Totsl Unre51rkted FuDd5 393,750 114,424 1134.139) ,215 375,2 IJ An*ty#i$ tsfNetA￿ts belweei Fu Net 2025 TOTAL 2024 TOTAL Flx¢d Assets Urtre5trrted Fu*d$ LndoTrment l."urtd Endowmeni Fund General l.und 70,IJ)O 70,IKK) 265250 68.816 284.934 265250 70,(K)O 305,250 375.250 393.750 THE HENRY NUTTALL TRUST FUND REGISTERED CHARITY NO. 223001 BALANCE SHEET AT 31 MARCH 2025 2025 2024 ASSET Newcastle Building Society 22,219 21.577 Represented by:" ACCUMULATED TRUST FUND Balance brought forward 21,577 21.103 Add Building Society InteTest received Deduct Grant 642 474 22,219 21,577