comrniggion
JANE GIBSON ALMSHOUSES
Charity Rtgistr#tlOD Number 223223
Housing Corporation ReEi$t¢r Nujnber A11567
UNAUDITED FINANCJAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

JANE GIBSON ALMSHOUSES
LEGAL AND ADMINISTRATIVE DETAILS
YEAR ENDED 31 DECEMBER 2024
Trustees
Mrs M Delevingne (Patron)
Mr A. Patchett
Mr G. M¢Comiack
Miss C Winfield
Revd Can¢)n Clare Ma¢Laren (Appointed May 2024)
Mr5 G. Walker (Chair)
Secret4ry
Mr A. Patchett
Treasurer
Miss C Winfield
Addre55
313 High Stsret West
Sunderland
SRI 3ET
Inveslmeol Manager
Lycetis Financial Services Limited
Milburn House
Dean Stre¢t
Newc&%tle Upon Tyne
NEI IPP
Bankers
Barclays Bank plc
53 Fawceit Street
Sunderland
SRI IRS
Independent Examiner
Mr P. N. Newbold BFP, FCA
Torger5ens
Chartered Accountants
East Suile
Ground Floor
Avalon House
St Catherine's Court
Sunderland
SR5 3XJ
Charity Regislration Nwnber 223223
Housing Corporation Register Number A0567

JANE GIBSON ALMSHOUSES
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
Reference and AdmiDlStTation
The trustees present th¢ Charity's ar￿Ual rewrt and financial statements for the year ended 31 Dewnber 2024.
The legal and administrative details are set out on pag¢ l.
stru¢t￿re, Governance and Managemen¢
The charity was established under the provisions of the Charities Act 2011.
The charity is a tTU$t governed by a Charity Commi&sion Scheme dated 31 August 1972.
Tr#slees
The body of ttustees consists of two ex-officio tru5tee5 and no 1¢55 than three cij-optative trustees. The exaofficio trustees
comprise th¢ P￿rOn of th¢ charity and the Provost of Sunderland Minster. The co-optative trustees are P¢TSOnS who
through residence, occupation or employment have sp￿la) knowledge whtch will be of benefit to the Charity.
Ex-officio trustees hold their position by virtue of their offic£ and will always ￿ trustees of the charity. Co-oplative
INstees are ap￿inted for a tem of five years by a Te501ution of the thistees. The co-optstive tsustees currently boast the
following expertise; care assessm¢nL l¢gal matters, architecL chartered accountant and a (omier Clerk to the Trustees.
l¥menl of Trusltts, Responslbullles
The Charities Act aJ]d Registered Social Housing Legislation requires th¢ tru$t¢¢s lo prepare fmancial statements for
each financial year which give a trLEe and fair view of th¢ state of the affairs of the charity and of the sutplus or deffficit
for thai peri(Ml. In pr¢paTiJ]g these financial statement& the tn￿teeS are requir¢d to..
s¢lect Suitable accounting pM)licies and then aM)ly theln con515t¢ntly,'
make judgements and estimates thal are reasonable and prudeni.
P￿pare th¢ r]nan¢ial statements on the going concern basis unless it is inappropriate to presume th￿ the charity
will continue in business.
The trustees are responsible for kceping proper accounting records which dlsclose with re￿onable accurdcy at any tiffte
the fmancial position of the charity and to enable i( to ensure that the fmancial statements cornply with the Charities Act
2011, Sthedule I to the Housing and Regenerntion Act 2008 and the Accounting Direction for Private Registered
Providers of So¢ial Hwsing 2022. They are also responsible for safeguarding the assets of the charity and hence for
toking reasonable steps for the preverttion and detection of frdud and oth¢r irregularities.
Code ofgovernance
The In￿teeS have adopted the provision5 of the r¢vi5ed Code of Gov¢rnanc¢, i&5u¢d by the National Housing Federdtion
in 2020. Excellen¢¢ in Governance.. Code for members and go(NJ praciice. As a charity, they have also adopted The
Charity Commission Governance Code.
To help monitor how the charity is perfomiing against this guidanc¢ on "goveman¢e, a¢¢ountability and probity" the
ttustees carried out a review of policies and procedures
The resuli of the review shows that, insofar a8 the Code applies to slnall ￿gist￿¢d social landlords, th¢ Cod¢ is being
followeil. During 2024. the trustees have worked to update existing poli¢i¢5 to reflect best practice and will continu¢
their work it) thi5 area in 2025.
Risk
The Trustees of the charity regularly review the major governance, operatiODal and fmancial risks which the charity
fac￿ part of its annual budget pnKess and confirni that systems have been established to mitigate these risks.
Th¢ trusle¢5 have a risk management strdtegy in place which comprises..
an annual review of the strategic risks the charity may face
the establishment o15ySt¢ms and p￿￿edureS lo mitigate those risks identifked
the implementstion of procedures designed to minimise any potential impact on the charity should those ri5ks'-
tnaterialise.
risk regi51er 15 di5C11S5ed at quarterly board meetings
The trustees consider that a major risk is one which, if it were to materialise. would have a signilicani adverse effeth on
the charity's ability to function and athieve its charitable purpose& in particular that of providin8 almshouse

JANE GIBSON ALMSHOUSES
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
accommodation for the Charity's beneficiarieslthe residents. The trustees b¢lieve that they key risks facing the Charity,
along with appropriate mitigatmg actions, are..
Safeguarding concern5 involving residents
Safeguarding policy and regular safeguarding reports to board
All trnstees and volunteers have rec¢ived appropriate training and ore kept up to dat¢ with recent developments and
newlupdated guidance.
Health, safety and environment
Colnpliance with law and regulation.
• Training for trnstee5 and £omplianc¢ officer. support and infom3tion for residents
. Regular monitoring and reporting PTocedures
Lack of budgetdry control and long terni decline in endowment assets
Annual budgets Itnked to QI report and objectiv¢s
Regular management accounts
. Procedures io review and action budgetlcash flow varian¢es and monitor and control costs.
• R¢gular reviews of reserves and investments
The Trnstees also manage the general fman¢ial risks arising by ensuring that..
. Pwdent budgets have been set for the next fmancial year
The charity tnaintains a prudent, low-¢osl operating base
. Regular management accounts are provided. showing the perforniance against budget
Conting¢n¢y plans are in place should iTJcome levels appear unlikely to reach tsrgets
Reserves policies have been adopted which provide an appropria(e amount of uncomn]itted reserves which will enable
the clwity io me¢t its liabilities.
Objectives Aetlvltley
Objeets ￿f*he Chwity
The Charity. which was founded in 1725, aims to provide low ¢osl, low mainten2n¢¢ aco)mmodation for elderly t¢nants
who can demonstrate their need for same.
Public Benefit Statemettt
The trustees have complied with the duty in section 17 of the Charities Act 2011 to have due regard to publi¢ benefit
guidance published by the Commission during the year.
Aehlevements Perfoman¢e
Ai 31 December 2024 ihere were 2 houses and 6 fl&ts occupi¢d by elderly tenants. Further detsils on activiti¢s during the
year are produced in section 6, below.
Financial Rtview
The financial results for ihe year are shown in the attach¢d financial stst¢ments' the defi¢Ét for the year, after the
transfers of £1,000 to the cyclical maintenance reserve. £520 to the exttxordinary repair fund and £17,879 to the genernl
apital account was £10,507. The trustees recommend no further designation of the res¢rv¢s.
Grants and donations rec¢ived in the year 2mountu)g to £1 1,975. prior y¢ar £130,438, contributing to ihe ovetall
decrease in income of £115.069. The trust¢es have continu¢d to mainthin tighi control over expenditure, with the result
that the charity has been able to generaie sufficieni funds to meet the annual transfer to designai¢d r¢serves.
Restoration work of £29,854 was undertaken in the CUTr¢nt year. With the exception of this. charitsble expendiiure
remained in line with the prior year. There were no quinquennial works undertaken during the year.
Volmefor Momey Siqndard
The charity has applied the Value for Money Standard for Registered Providers of Social Housing 2018, which came
into effect IM April 2018. Out of the seven Value for Money Metric5, Reinvestment and New supply delivered do not
apply to the charity as they do not acquire, dev¢lop or dispose of so¢ial housing properties. Gearing also doe5 not apply
to the charity as all residual loans are paid off. Interest cov¢r Olo cannot be applied as th¢ charity hus interest or
finance costs.

JANE GIBSON ALMSHOUSES
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
He¢7dl¥MesochTlhouslnE costperunll
Cost per wilt has increased by 40/0 due to an in¢rew in day to day rqTrairs of150/o.
2024
2023
Operallngmargth %
2024
2022
Relurn CopilalEryloyed (ROCE)
Resenrs Pollcy
Extraordinary Repair Fumd (ERFI
This designated fund. which we are required io maintain under Charity Commi$5ion $e4led ordeT. is to be used for future
major expenditure. The annual transfers ar¢ met from the Income and Expenditure Account.
Cyclical Maintenance Fund (CMF)
This designat¢d fund, which we ar¢ required to mainlain under Charity Commission sealed order from transfers made
from ihe Income and Expenditure Accounl will be used io meet maintenartce costs occurrtng at regular intervals e.g.
refurbishtng kitcbens and bathrooms, interior and exterior redecoration and the cost of professional fees such as for
Qltlnqucn￿Ial Inspection&
General Capital Acc(Junt
We also maintain a general capital accollni whieh reflects our investsnenl in the fabric of the almshouse properties.
Undesignated Reserves
The und¢5ignated reserves of the charity amount to £185,537 (2023.. £186213). OveT thc years in which the charity has
operated, it has managed to build up reserves which have been inves(ed in a ￿rtfolIO of st(Kk5 and Shares. The chaTity
ha5 become reliant upon the dividend and interest income which the wrtfolio genernte5' Without it the charity would not
be able to support the levels of expendimre thkt it does. As a result, th¢ charity looks on these inyesttnents as quasi-
endowtnent. The tNstees' policy in relation io reserves is to ensure that, in the event of a significant r¢duction in inwm¢,
they could at least maintain the alm5hous¢ properties to an acceplable level.
Inveslmenl Polty dndPerfornwAees
The trustees take the view, that the fmancial objective of its investments is to generate a sustainable return to help
deliver the objects of the ctwity.
The trustees are requtred to pay annual sums of not less than £520 to the official custodian for charrties to be applied to
the credit of an account entitled Extraordinary Repairs Fund. The official custodian invests these yearly sums. together
with in¢ome a¢cruing. in National Almshouses Association Common Inve5ttnent Fund accumulation units. This apart,
the trusiees have the power to invest in such rnaTJner as they see fit. Funds are now vested with Lycetts Financial
Serrices Limited ("Lycetts') who are expecied to manage a portfolio of investments in accordance with ihe charity's
inv¢stmenl p)licy. This wlicy is to adopt a medium risk Strate￿ based on m&ximising the retums on the investhjents.
whilst obtsining reasonable wwth in the market valu¢ of the portfolio. This policy may need io be r¢view¢d following
the formulation of reserves p(Trlicy (see above).
During the year the value of the charity's InV￿t[￿entS. after net diswsa15 of £502, increased by £19,543.

JANE GIBSON ALMSHOUSES
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
Examiner
The ¢xaminer. Mr P. N. N¢wbold of Torgersens, will be proposed for re-4)pointment at the Annual General Meeting.
This report was approved by the Irusttts on ..ao...ti... a*.,...
Signed on behalf olthe Board of Tn3Stees'.
Mr5 G. Walkcr
Chair
Date.. aÉ .¥. a<.

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
JANE GIBSON ALMSHOUSES
(A REGISTERED SOCIAL LANDLORD UIYDER
SECTION 3 OF THE HOUSING ACT 1996)
I report to the trustees on my examination of th¢ accounts of Jane Gibson Ahnshouses (the Charity) for the year ended
31 December 2024.
Responsibilities and h5js of report
As the charity trustees of the Charity you are responsible the preparation of th¢ a¢¢ounls in accordance with the
requir¢m¢nis of the Charities Act 2011 {'the Aci,).
I report in r¢sp¢¢t of my ¢Mmination of the Charity's a¢¢ounts carried oul under section 145 of the 2011 A¢t and in
canying out my examination I have followed all the applicable Direction5 given by the Charity CommAssioTh under
section 14515)(b) of the Act.
Independent ex*mitier'5 Stat¢m¢nt
I have completed my examination. I cimfjrn) that no material mattets hav¢ ¢om¢ to my attention in comiection with the
examination giving me cause to believe that in any material respect..
a¢¢ouiiting re£ords were noi kept in respect of the Charity as required by section 130 of the Act. or
the accounts do not accord with those record5- or
the accounts do not comply with the applicable rwuirements concerning the form and content of accounts set
out in the Charities {Accouni% and k¢ports) Regulations 2008 other than any requirement that the accounts give
a 'truc and fair view which is not a matter consider¢d as part oran independent examination.
I have no concerns and have coffte ¥r055 no other matters in connection with the examination to which &Trntion should
be drawn in this report in order to enable aproper understanding of the accounts to be reached.
Mr P. N. Newbold BFP, FCA
Tor8ersen5
Chartered A¢¢ountants
East Suite
Ground Floor
Avalon Hou5¢
St Catherine'5 Cowt
Sunderland
SR3 3XJ
Date: zQ,l.

Es
2024
Unrestriettd FuNd5
General
Capitsl
Account
Total
Funds
2024
Total
Fvrtd$
2023
Rewaluatio
Reserve
Revenu¢
Reserve
De5ignxted
Reserves
1.738
21291
(1,588)
1,738
21,291
(1.588)
1,748
20,280
11.975
11,975
10,239
2,204
4,339
130.438
8,748
1.972
2,081
3,406
6.833
2,204
4.339
18,518
24.847
6,833
50,198
165,267
(2,242)
(8,593)
(2,242)
(2,039)
(8,593)
(7,503)
{29,854) (148.011)
(29,854)
(744)
(671)
(744)
(671)
(936)
(1.3(Y)}
(1,967)
(1,907)
(11,555)
(1,873)
(7,637)
{11.555)
{41,409)
(14,217)
(55,626) {169.301)

I024 (continued)
Unrestricted Funds
General
Capi¢al
AccouTht
Total
FuDd$
2024
Total
Fund5
2023
Revaluatio
Reserve
Revenue
Rtterve
De$ign#ted
Reserves
(1,016)
(178)
(1,016)
(178)
(196)
(2451
(625)
(2,814)
(797)
(3l4)
(2,814)
(797)
(314)
(2,454)
(992)
(5.119)
(5,119)
(4,512)
(41,409)
(19,336)
(60.745) (173.813)
(22,891)
5.511
6,833
(10.547)
(8,546)
17,879
(19,399)
1,520
(5,012)
(13,888)
,353
(10,547)
(8,546)
17.879
17,879
17.573
3,381
3,381
9,831
637
9,725
9,831
9,831
12,867
(10,507)
8,353
20,544
19,
93,533
51,870
92,680
154,829
392,912
373,523
103
16
41
Th¢ notes on pages 12 to 17 fortn part of these fmancial stai¢ments

JANE GIBSON ALMSHOUSES
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2024
Note5
2024
2023
TURNOVER
26246
24,333
OPERATING COSTS
(30,891)
(25,802)
Op¢rnting deficit
(4,645}
(1,469)
Disposal of investments
io
3.381
637
Interest r¢¢eivable and other income
11,977
10,496
SURPLUS ON ORDINARY AcfiviTIES
BEFORE TAXATION
10,713
9.664
Tax on surplus on ordinary a￿1vIlle$
SURPLUS FOR THE YEAR
All operations are continuing.
The statement of comprehensive inc¢)me contains all surpluses and deficits recognised in the current and pre¢¢ding year.
Th¢ not¢s on pgges 12 to 17 fom) part of these finan¢ial stafrments.

JANE GIBSON ALMSHOUSES
STATEMENT OF OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Surplu5 for the year
10,713
9,664
Unrealised surplu51(deficit) on investment (note 10)
Tot*1 svrplusl{defitit) recOg￿lsed sin¢¢ last annual report
Note of Historieal Cost Surpluses and Deficits
9.831
9,726
2024
2023
Surplus on ordinary activities before taxation
10,713
9,664
Realiwion of inveskneni reva]uatii)n goin￿{defiCit} in prioryears
Historical cost surplus on ordinary activities before alld aftert￿atiOll
The no¢e5 on pages 12 to 17 forni part of these financial statem¢nt$
10

JANE GIBSON ALMSHOUSES
STATEMEiYf OF FINANCIAL POSITION
AT 31 DECEMBER 2024
Notes
2024
2023
TANGIBLE FIXED ASSETS
Housing Propenies- cost less depreciatiLTrn
Site Improvements- Cost le&$ depreciation
118,321
254,358
103,058
251,322
Investments
loa
49,106
48,020
421785
CURRENT ASSETS
Investments
Debtors
Cash ar bank - Current Account
- Deposit Accounts
lob
254,075
3.889
11,406
235,618
3,453
24,547
304,280
296,828
CREDITORS: Amounts f*llittg due
witbin one year
12
11,283
10.073
NET CURRENT ASSETS
292,997
286.755
TOTAL ASSETS LESS CURRENT LIABILITIES
7J£L82
CREDITORS: Amounts fAllingdu¢ after more
th*n one yegr
13
301,326
296,243
CAPITAL AND RESERVES
Designated reserv¢s
Revaluation reserve
Revenue reserve
General Capital account
15
16
17
18
163,182
103,364
82,173
64,737
154.829
93,533
92,680
51,870
413,456
392.912
These financial stalernenls were apFToved by the board of tru*¢es and authorised for issue on .a.F"..>..a*knJ. d are
signed on behalf of the board by-.
The note5 on pages 12 to 17 forni part of these fitwicial statement$.

JANE GIBSON ALMSHOUSES
NOTES TO THE FINANCIAL STATEMENrs
FOR THE YEAR ENDED 31 DECEMBER 2024
GENERAL INFORMATION
Jane Gibson Atmthouses is a charity domiciled in England and Wales. Charity regi51ration number 223223 and
Housing corpo￿lon r¢gister number A0567. The adth¢ss of the registered office is 313 High Street Wes¢
Sunderland SRI 3ET.
STATEMENT OF COMPLIANCE
These fmancial Stat¢￿ents have been pr¢pare4J under the historical cost convention and in accordance with the
provisions of FRS 102, the Housing and Regener4tion Act 2008 and Charities Act 2011.
ACCOUNTINC POLICIES
(8)
Basis of Accounting
The f￿ancial statements are prepared in Ae¢wdance with UK Generally Accepted Accounting Practice
(UK GAAP) including Finan¢ial Re￿rtIng Standard 102 {FRS 102) and the Housing SORP 2018..
Stat¢ment of Recomtn¢nded Practice for Registered Social Housing Providers and comply with the
Accounting Direction for Pnvate Regi5t¢red Providers olsocial Houssng 2022.
The financial slaiements are presented in Sterling (£), which is the functional c￿￿enCY of the charity.
Monetary amounts in these ftt)ancial statements are rounded to the ￿¢8￿5t pound.
Turnover
Turnover shown ¢omprises of rentsl ￿CoMe receivable in the year and grAnts receivabl¢ in the year, net
of void properties.
Housing Properti
Housing propenies are properties held for the provision of social housing or io otherwise provide so¢ial
benefit. Housing properties are stat¢d a¢ cost. Depreciation is charged $0 as to write down the cost of
freehold housing properties, thher than freehold land. to their estimated residual valu¢ on a straight line
basis over their expected useful ¢conomic lives At the following annual rnies..
Housing Prop¢rti¢s:
Structure
10/0 straight line
Roofing
2.50/0 straight line
Kitchens
SO/0 Sfdight lÈn¢
Radiators
5Vo straight line
External Doors - 50/0 strdight line
WiDdow5
2.5f/*• Straight line
Bathrooms
SQ/D straight line
Boilers
6.660/0 Straight lin¢
Fires
6.66•/0 straight line
An element of the costs of the properties 15 the constituent fitments which are depreciated over a periiKI
ranging from 15 to 40 years from the date of installation. Subsequent rosts incurred in r¢placing these
assets are capitalised and depreciated over th¢ length of period benefiting from these replacements. All
other maintenan¢¢ costs are charged io the income stst¢mcnt as incurred.
Sitt Improvements
Depreciatiorts is charged so as to write down the ¢051 of the site improvement works to their ¢stimated
residual valu¢ on a straight line basis over their expected economic lives at the following annual rate..
Boundary wall and fences- lQ/o straight line
Impairment
At each reporting date, g(K)dwill and other fixed assets, including tangibl¢ fixed assets and investments
but excluding inve51m¢nt pro￿rtIeS, are y5sessed to determin¢ whether there is an indication that the
anying amount of an assd may be MO￿ than its rewverable amount and that the asset should be
impaired. If there is an indication of possible itnpairnienL the recoverable amiwnt of an asset, which is
th¢ higher of its valu¢ in use and its net realisable value, is estimated and Compared wtth it's canying
amount. If the recoverable amount is Igwer, the carryin¥ amount of the &5set is written down to its
esiimated recoyerable alnounl and an impairnJ¢nt10s5 is reco￿lSed in profit and loss.
Socigl Houslng Grant (S.H.C.)
Where developments have been fmanced wholly or partly by S.H.G., Ihe Cost of those developmenls are
shown as deferred income, separate to the Housing property it relates to.
S.H.G. is repayable under ¢¢rtain circumstances, primarily following the sale of property, but will
nomally be restricted to nei Proceds of sale.
(b)
(c)
(d)
(e)
(D
S(Kial housing grants are amortised in line with th¢ assets economic IAve$ and r¢1¢&5¢d as d¢f¢tTed
income yearly.
12

JANE GIBSON ALMSHOUSES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICES (eontinued)
@)
Other Capltal Grants
Where work5 have been financed wholly or partty by capital grants. the cost of those works are shown as
deferred income. separate lo th¢ works it relates to.
Other capital grdnts ar¢ amortised itl line with the assets usefid economic lives and r¢l¢&s¢d as deferred
income yearly.
FinAncial InstrnmeDts
Financial instruments are classified and accounted for according to the substance of the contractual
agreemenL as either flnancial assets, financial liabilities or equity instruments. An equity ins(rument is
any Contract that evidences a residual inler¢st in the 8ss¢ls of the ¢ompyny aft¢r d￿llCting all of its
(i)
Deslgnated Res¢rve$
The charity ha5 deSig￿ted 011 those r¢serves whith ¢annot be ¢on$idered to be freely available.
Cy¢li¢al Maintenan¢e Fund
The reserve reflects the charity's commitmenl to maintain its properties in accordance with
Charity Commission Sealed Order N888183.
Extraordirtary Repair Fund
A provision h&$ been establisbed to enable the ¢I￿rIty to meet its oomJnitm¢nt lo major Tepairs
in accordance wilh Charity Commission Sealcd Order N889183.
(i)
Investments
Invesrments are included at closing mid-market value at the balance sheet date. Any gain or Ioss on
revaluation is credited or debiied. respectively. to the revalu&ion reserve.
(k)
Investment Income
Dividend5 are included in the statement of compr¢h¢nsive income when they declared at an amount
which includes aitributable tax credit and transitional relief.
TURNOVER
Tumov¢r represents r¢nlal inwme r¢¢eivable on 8 ullits of housing accommodation {2023: 8 units) as follows-
2(ll4
2023
Rents receivable (net of void losse51
Amortisation of social housing grant
Amorti$ation of other capital grants
19,703
2,204
4,339
20,280
1.972
2.081
24
Void losses included above, represent a proportion of the y¢ar when no rent was being received from th¢ property
due to it being empty. There were 2 {2023.. 0) void properties in the year.
2024
2023
Voids
EMPLOYEE INFORMATION
The charity ha5 no employees.
The ¢hority is controlled by trnstees who received no ￿mUneration during the year (2023.. £nil}.
INTEREST RECEIVABLE AND OTHER INCOME
2024
2023
Inv¢stsnent incomc
Bank ipterest
10239
1,738
8.748
1,748
13

JANE GIBSON ALMSHOUSES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
SURPLUS ON ORDINARY ACTIVITIES BEFORE TAXATIO
2024
2023
Thi5 is stat¢d after ¢harging'.
Examiners. remuneration-
ill their Capacity as examiners (net of VAT)
in reSp￿t of other services
Depr¢¢iation
Amortisation of oth¢r capital grants
Amortisation of S.H.G.
2,345
2,045
11,555
(2,204)
7.637
(2,081)
TANGIBLE FIXED ASSETS
Frethold
Housing
Property
Total
Fixed
Assets
Site
Improvements
COST OR VALUATION
At l January 2024
Additions
Disposa]s
255,286
7,899
240,3
21.955
(10292)
495.678
29,854
(10,292)
At 31 December 2024
263 185
252 055
DEPRECIATION
At l January 2024
Charge for the year
Disp05als
3.964
4,863
137,334
6,692
{10.292)
141,298
11,555
(10,292)
At 31 December 2024
133734
142 561
NET BOOK VALUE
At 31 December 2024
At 31 December 2023
SOCIAL HOUSING GRANT
2024
2023
Total ac¢umulaied housing grant at 31 December 2024
14
79
R¢cognis¢d in statement of comprehensive income
Held in deferred income
71,656
77,134
72,432
72,338
14
io.
INVESTMENTS
{a)
(b)
Fixed
As5e¢
Investments
Current
Asset
Investmertts
Totsl
Market value at l January 2024
Interest reinvethd
Net invested
Gainsl(Los5es)
Unrealis¢d
Realised
48.020
235,618
6,833
(502)
283,638
6,833
(502)
1,086
8,745
3.381
9,831
3,381
Market value at 31 December 2024
254 075
303 181
Cos¢ 0¢ 31 December 2024
Cosi at 31 Dec¢mb¢r 2023
993
Investsneni * market value comprised
UK Equities
UK Unit Tnjsts
COIF
74,122
179,953
74,122
179,953
49,106
49,106
254 075
14

JANE GIBSON ALMSHOUSES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
DEBTORS
2024
2023
A￿arS of rent
Prepayments and accNed income
720
3,169
964
2.489
12.
CREDITORS: Amounts fallingdue
within one year
2024
2023
Advances of rent
Accruals and deferred income
Social housing grant (note 14#)
Olher capital granis (note 14b)
1.677
2,989
2,204
4,413
3.804
1,972
4,297
-JO.073
13.
CREDITORS: Amounts falling due
after more than orte ytthr
2024
2023
Social housing ￿an1 (note 14a)
Other capital grants (not¢ 14b)
74.930
226,396
70.366
225,877
14. SOCIAL HOUSING AND OTHER CAPITAL GRANTS
Social Housing Grant
2024
2023
Grant
At l January 2024
Additions
Disp)sals
144,770
7.0
(2,980}
145,220
{450)
At 31 December 2024
Amortisation
At l January 2024
Rele&%ed in year
Disp05als
72,432
2,204
(2,980)
70,910
1,972
(450)
At 31 December 2024
Nei total at 31 December 2024
72
Net total at 31 December 2023
2024
2023
Amounts to be released within one year
Amounts to be released in more than one year
2.204
74,930
1,972
70,366
72
15

JANE GIBSON ALMSHOUSES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 21124
14. SOCIAL HOUSING AND OTHER CAPITAL GRANTS (eontlnu¢d)
(b)
Other Capltsl Grants
2024
2023
Grant
At l January 2024
Addirions
234,109
4,974
103,671
130.438
Ai 31 December 2024
Amorti5ation
At l January 2024
Released in year
3.935
4,339
1,854
2,081
At 31 December 2024
Net total at 31 De¢ember 2024
Nd ¢otal at 31 Dec¢mber 2023
23
2024
2023
Arnounts to b¢ released within one year
Amounts to be released in more than one year
4,413
226,396
4.297
225,877
DESIGNATED RESERVES
Reserve for Cyrlical Malnt¢nance
2024
2023
At l January 2024
Transfer from r¢venue reserve
Spend
40,0(
1,000
39,000
I,o(Ki
At 31 December 2024
Reserve for Extraordittary Repairs
At l January 2024
Incorne
Transfer from revenue reserv¢
2024
2023
114.829
6,833
320
108,559
5.750
520
At 31 D￿ernber 2024
114.829
Total designated reserves at 31 De¢ember 2024
16
Th¢ ¢harity has designated all those reserves which be ￿nSidered to be freely aYailabl¢.
Cyelical Maintenance Fund
The reserve reflects the charity's commitment ¢0 maintain its properties in a￿ordanCe with
Charity Commission Sealed Order N888183.
Extraordinary Repair Fund
A provision has been established to enable the charity. to meet its rofflmitment to major repairs
ill ￿¢0[danCe with Charity Commission Sealed Order N889183.
16. REVALUATION RESERVE
2024
2023
At l January 2024
Revaluation durin¥ the year (no(e 10)
Transfer {fromyto designated r¢serye5
At 31 December 2024
93.533
9,831
83,808
9,725
16

JANE GIBSON ALMSHOUSES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
17. REVENUE RESERVE
2024
21n3
At l January 2024
Surplus for the year
Trdnsfer (fromyto designated r¢s¢rv¢5
Ai 31 December 2024
92,680
8,892
107,485
7.498
22
18. GENERAL CApfrAL ACCOUNT
2024
2023
At l January 2024
Deficit for the year
Almshouses contribution to rL*oration work
Trdnsfer from revenue res¢rv¢
At 31 December 2024
51,870
(22,891)
17.879
34,671
(21.157)
17.573
19. CAPITAL COMMITMENTS
At 31 D¢ccmb¢r 2024 and 31 December 2023 ther¢ w¢r¢ no contrncted for or auihorised Capital commikn¢nts.
20.
CONTINGENT LIABILITIES
There were no contingent liabilities as at 3151 December 2024 or 315t December 2023.
21. RELATED PARTIES
In the y&irs ending 31 December 2024 and 31 D¢cemb¢r 2023 there were no related parties.
17