William Bindloss, Cottage Homes or Almshouses
Charity Number 222169
Statement of Accounts
for the Year Ended 31 December 2024
Stables Thtsrnpson & Briscoe
Chartered Accouniants

William Bindloss, Cottage Homes or Almshouses
Contents Page
Page
Charity infomiation
Management committ¢es' report
Approval eertificate
Independent Examiner's report to the trustees
Receipts and payments account
Statement of assets and liabilities
Notcs lo the accounts

William Bindloss, Cottage Hon)es or Almshouses
Charity Information
Charlty number 1004052
Chair..
IDHunt
Trust¢¢s
A C Taylor
P R Capasso
Registered office..
Westmorland House
Th¢ SquaTe
Milnthorpe
Cumbria
LA7 7QJ
Bankers..
HSBC
64 Highgate
Kendal
Curnbria
LA9 4TF
Solicitors-
Milne Moser
Westmorland House
The Square
Milnthorpe
Cumbria
LA7 7QJ
Accountants-,
Stables Thompson & BTiscoe
Chartered Accountsnis & Staiulory AuditOTS
Lowther Housc
Lowther Street
K¢ndal
CuTnbria
LA9 4DX
Pa8e I

William Bindloss, Cottage Homes or Almshouses
Trustees, Report for the year ended 31 December 2024
Ob'ectives and Activiti
The Area of Benefit of the Association is defined as Milnthorpe, Heversham, Beetham and Kendal.
The objecis of the charity are..
To provide almshouses for poor person5 of good character who are not les5 than 50 years of age and who have resided in
the civil parishes of the Milnthorpe. Heversham and Beetham and the Borough of Kendal for i)ot less thatj two years.
M8rrLed couples who are otherwise qualified a5 aforesaid shall be eligibl& for appointment provided that one of them is
not less t]ian 50 years of age.
The charity owns and lets 6 properties.
The trustees have had regard to the Charity Commission's guidance on public benefit.
Achievements and
erformante
The Charity's thr¢e Trustees have continued with the project of modemisaiion of tlie Alm5hous¢ Property of which has
included rcpairs, adaptation and improvement to all the Cottages. as well as The Lodge. The Trustees have been
committed to iinprovement for all tlie residents tsnd also have concern for the health and safety of all. The repair and
maintenance of the driveway and improvements to parking have been completed. The TTU5tees have a positive outlook
for tlie future of the Charity. ￿ld cotJtinu¢ to focus on its residents. The Trnst¢es next project will be the roof of tlic
property of which is nece5s&ry but will have considerable financial impact. The Trustees continue to look for like minded
individuals to as51St thein willi the Charity, any additional Trustee must have the same values and tlie $ani¢ hands on
approach iogether with a commitment to ihe residents as ihev have.
Finan¢i81 Revlew
Contributions fmm residents were £25,092 ¢ompared to £24.990 last ycar, with inv¢stment income of £84112022 - £618).
Expenses up £27,504 from £10,143 last year reflecting the works undertaken in the year. As a result cash ai bank
deeTeased from £24,758 to £13.044 at 31 Decetnber 2024. Therc was also increase in thc market value of the
investrnents due to market conditions which meant that the market value of the investments at 31 December 2024, frorn
£178.599 to £187,074.
The ¢harity investrnents are primarily held to fvnd maintenance and repairs.
Structure
overnxnce and man
emenl
The charity is an unincorporaied Association with a constitution detem)ined by a Scherne of the Charity CommissiotJer5
date 15 November 1966.
The properties are managed by Milnc Moscr who also keep the necessary accounts and attend generally to the affairs of
the charily.
The tNstees have iegular m¢¢tings with Milne Moser to ensure the prop¢r management of the charity.
The tn15tee body consists of six competent persoi)s who rnay be appointed for a term or rive years by a resoluiion of the
Trustee5 at a special meeting. The new trustee must then sign in the minute book of the Trustees a declaration of
acceptance and of willingness to Act.
There must be at l¢ast one general meeting per year. Special m¢ctings may be summoned at aDy time by the Chairnydll or
any two trustees with four days noiice.
New trnstees are briefed on the chariry and their role by the ¢xisting Trustees and Milne Moser and givei) a copy of the
consiitution.
Page 2

Trustees approval of the Unaudited Financial Information
of the William Bindloss, Cottage Homes or Almshouses
In accordance with the engageinent letter dated 18 August 2023, we approve the finthcial inforniation which tomprises
the R¢c¢ipts and Payments Acroullt and Statement of A55ets and Liabilities and supporting notes. We acknowledge our
responsibility for the financial inforniation, Including tlie approprialeness of the applicable financial reporting
framework as set out in note I, and for providing the accouniants with 011 infoTmation and explanations necessary for its
Approved by the board of tru5t¢¢s on......
and signed on th¢ir behalf by-.
Nume of trustee
Trustee
Page 3

Independent Examiner's Report to the Trustees on the Unaudited Financial Information
of the William Bindloss, Cottage Homes or Almshouses
I report to the charity truste¢s on my examination of the accounts of th¢ charity for the y¢ar ended 31 December 2024
which are set out on page5 5 to 7.
Responsibilltie5 and basls of r¢port
As rhe charity'5 tn5Stees you are responsible for the preparation of the accoiints in accordanee with the requireinents of
the Charities Act 2011 {'the Aci,).
I report in respeei of rny examination of the charity's accounts carried out under section 145 of the Aet and in carying
out my examination L have followed all the applicable Directions given by the Charity Commis5i0n under section
14515)Ib) of the Act.
Independent cxaminer's statement
L have compl¢ted my examination. I confinn dial no tnat¢Tial maiters have come to my attention in connection with the
examination giving me cause to believe ihat in any material respect..
l. aceountlng records were rtol kept In respect of the charity as required by section 130 of the Act,. OT
2. the accounts do not aecord with those records.
I have no Concerns and have come across no other matters in connection with the examination to which attention should
be drawn in this r¢port in order to enable a prop¢r understandin8 of the a¢¢ounls to be reached.
H Lll Holmes Bse FCA
ICAEW
Stables Thompson & Bri5coe
LoiYtb¢r House
Kendal
Cumbri8
LA9 4DX
Date:
Page 4

William Bindloss, Cottage Homes or Almshouses
Receipts and Payments Account for the Year Ended 31 December 2024
2024
2023
Receipts
Unrestricted
(unds
Restricted
funds
Deslgnated
fund5
Total fuDds
Total
Charitable A¢tivitie5'.
Contributions from r¢sid¢nts
25,092
25,092
24,990
Investment Income..
COIF dividends
Gross interest received
600
240
600
241
592
126
25,932
25,933
25,708
Asset and investment sales. etc.
Total Receipts
25.932
25,933
25.708
Payments
Almshouse Nnnin8 exp¢nses'.
Insurance
Accounicincy
Management fees
NAA Subscription
Repairs and maintenance
Refurbishmeni Kitchen No 5
Elcctrical
Gardening
Gas service checks
Tarniacing car park
Waier rates
Bank charges
1,468
780
7.018
696
2,621
7.061
1,468
780
7,018
696
2,621
7,061
1,527
600
1,925
196
1,380
1,348
1.275
461
1.710
475
14.256
1,485
77
1,710
475
14,256
1.485
77
1,339
92
37,647
37.647
10,143
Asset and investment purchas¢s, etc.
Total Paym¢nts
37.647
37,647
10.143
Net of receiptsl payThenis
{11.7151
111,7141
15,565
Transfers between fijnds
Cash funds lasi yeor end
24.826
32
24,858
9,293
Cash funds this year end
33
13,144
24,858
Pag¢ 5

William Bindloss, Cottage Homes or Almshouses
Statement of Assets and Liabilities as at 31 December 2024
2024
2023
Investment5 at market valut
Founding investments:
COIF Accumulation shares1215 units}
Extraordinary Repair Fund..
COIF Accurnulation shares (418.27 units}
COIF Income shares11085.79 units)
56,032
53,320
109,008
22,034
103,731
21,548
131,042
125,279
187.074
178,599
Cash Funds
Current account
General deposit occount
Cycli¢al Maintenance Fund
3.952
9,158
34
13,346
11,479
33
13.144
24,858
Cash funds are split gs follows:
Dcslgnated funds
Cyclical Maintenance Fund
34
33
34
33
Unrestrlcted funds
13,110
24.825
13,144
24,858
Page 6

William Bindloss, Cottage Homes or Almshouses
Notes to the Statement of Accounts for the year ended 31 December 2024
Note l Accounting policies
The financial statements of the charity, which is a public benefit entity under FRS 102. have been prepared in
accordance with the ChaTlties SORP {FRS 1021'Accounting and Reporting by Charities". Sraiement of
Recommended Prncti¢e appli¢abl¢ to chaTlties preparing their accounts in accoTdance with ihe Financial Repgrting
Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),. Financial Reporting
Standard 102 'The Financial Reponing Standard app￿1¢ab]e in the UK and Republic of Ireland, and the Charitie5
Act 2011. The financial statements have been prepared und¢r th¢ Iiistorical cost convention, with the exception of
investments which are included ai market value.
The financial statenients are prepared on a going concern basis in sterling which is the functional curr¢n¢y of the
charity and rounded to the near¢sl pound.
As the charity's income is below £250,IM)O ihe accounts have been prepared on a R¢ceipt5 and Payments basis.
Tr4ote 2 Related party transgctlons
There were no Telated party transactions.
Pagc 7