C.harify JANE GIBSON ALMSHOU5E5 Charity Re8lStration Number 223223 Hou51ng Corporation Reg15ter Number A0567 UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
JANE GIBSON ALMSHOUSES LEGAL AND ADMINISTRATIVE DETAILS YEAR ENDED 31 DECEMBER 2025 Trustees Ms M Delevingne (Patron) Mr A. Paichett IResigned May 20251 Mr G. Mccormack Mi55 C Winfield Revd Canon Clare MacLaren Mrs G. Walker (Chairl Secretary Mr L. Sheppard Treasurer Mi55 C Winfield Address 313 High Street West Sunderland SRI 3ET Investment Manager Lycett5 Financial Services Limited Milburn House Dean Street Newcastle Upon Tyne NEI IPP Banker5 Barclays Bank plc 53 Fawceti Street Sunderland SRI IRS Independent Examiner Mr P. N. Newbold BFP, FCA Torgersens Chartered Accountant5 E3%t Suite Ground Floor Avalon House St Catherine's Court Sundeiland SR5 3XJ Charity Regi5tiation Number 223223 Housing Corporation Register Number A0567
JANE GIBSON ALMSHOUSES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 Reference and Administration The tru5tee5 present the charity's annual report and financial statements for the year ended 31 December 2025. The legal and administrative details are set out on pagE I. Structure, Governance and Management The charity was eslablished under the piovision5 of the Chaiitie5 Act 2011 las amended), The charity is a trust governed by a Charity Cornmi%sion Scheme dated 31 August 1972. Trustees The body of tru5tee5 con515ts of two ex-officio trustees and no less than three co-optative irusiees. The ex-officio trustees cornpri5e the patron of the ch3rity and the Provost of Sunderland Minster. The co-optative trustees ar persons who through residence, occupation or employment have %pecial knowled8e which will be of benefit to the charity. Ex-officio trustees hold their position b¥ virtue of their office and will 31way% be trustees ol the charity. Co-optative trustees are appointed for a term of live years by a resoluiion of the tru5tee5. The co-optative trustees currently boast the following expertlse-, legal m3tter5, architect, chartered accountant and a former Clerk to the Trustees. Statement of Trustees, ResponsibllltlÉs The Charities Act and Reg15tered Social Housing Legislaiion requires the trustees to prepare financial statements lor e3ch financi81 year which give a true and lair view of the State of the affairs of the charity and of the surplu5 or deficit for that period. In preparing these financi31 statetnents, the trustees are required to. select suitable accounting policies and then apply them consisienily-, make Judgements and estimates that are reasonable and prudent. prepare the financial staternents on the going concern basis unless it is inappropriate to presume that the charity will continue in busines5. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and tD enable it to en5uie that the financial statements comply with the Chariiies Act 20LI, Schedule I to the Housing and Regeneration Act 2008 and the Accounting Diiectitsn for Private Registered Providers of Social Housing 2022. They are 2150 re5pon51ble for Safeguarding the assets ol the charity and hence for taking reasonable steps lor the prevention and detection of fraud and other irregularities. Code of governance The tru5tee5 have adopted the prtsvisions of the revised Codo of Governance, issued by the Nation31 Housing Federation in 2020.. Excellence in Governance-. Code for members and good practice. As a charity, Ihey have also adopted The Charity Good Commission Governanie Code. To help monitor how the chaiitv 15 performing against this guidance on 'governance, accountability and probity" the trustees carried oui a review of policies and procedure5 The result of the review shows ihat, in501ar as the Code applie5 to 5m311 regi5teied social landlords, the Code is being followed. During 2025. the trustees have worked to update existing policies to reflect best practice and will continue their work in this area in 2026. Risk monogement The Trustees of the charity regularly review the major Eovernance, operational and financial risks which the charity faces a5 part of it5 annual budget process and confirm that 5VStems have been e5tabli5hed to mirigate these r15ks. The trustee5 have a risk management stiategy in place which iomprise5". an annual review of the 5tiategic risks the charity may face the establishment of 5y5tem5 and piocedure5 to mitl8ate Ihose risks identified the implement3tion ol procedures designed to minimi5e any potential impact on ihe Cha[ty should those ri5k5 materialise. risk register is discLJ55ed at quarterly board rneeting%.
JANE GIB50N ALMSHOUSES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 The trusiees consider that a major risk is one which, if it were to materiali5e, would have a $18nificant adverse effect on the charity'5 ability to function and achieve It5 charitable purposes, in particular that of providing almshouse accoiniyiodation for the Chariiy's beneficiarie5lthe residents. The trustees believe that the key risk5 facing the charity, along with appropriate mitigating actions, are. Safeguarding concerns involving residenls Safeguarding policy and regular safeguarding reports io board All trustees and volunteer5 have received appropriate training and are kept up to date with recent development5 and new/updated guidance. He31th, safety and environment Compliance with law and regulation. Training for trustees and compliance ollicer, Support and information for residents Regular monitoring and reporting procedures L3ck of bLJdgeiary control and long term decline in endowment assets Annual budget5 Linkèd to QI report and objective5 Regular management account5 Procedures to review and action budgetlcash flow variances and monitor and control cost5. Regular reviews of reserves and investments The Trustees also manage the general financial risks arising by ensuring ¢hat'. Prudent budget5 have been Set for the next financial year The chariiy maintains a prudent, low-cost operating base Regular management accounts are provided, showing the performance ag31nst budget Contingency plans are in place should incotne levels appear unlikely to reach targets Reserve5 policies have been adopted which provide an appropriate 8tnount of uncommitied reserves which will enable the charity to meet its liabiliries. Objectives and activities Object5 of the Churity The charity, which was founded in 1725, aim5 to provide low c05t, low maintenance accommodation for elderlv tenanis who can demonstrate their need 101 same. Public Benefit Statement The trusiees have complied with the duty in sectlDn 17 of the Charities Att 2011 to have due regard to public benefit guidance published by the Commission during the year. Achievements and Performance At 31 December 2025 there were 2 houses and 6 flats occupied b¥ elderly tenants. Further details on activities during the year are produced In section 6, below. Financial Review The financial result5 for the year are shown in the attached financial statements,. the surplus for the year, after the transfer5 01 £1,000 to the cyclical maintenance reserve and £520 to thE extraordinary repair fund wa5 £12,708. The trustees recornmend no furiher designation ol the reSee5. There were no gr3nts or donations received in the year,. in the prior year Ihere were £11,975. There has been a dpcreaso in income of £8,644. The tru%tee5 have continued to maintain tight control over expenditure, with the result that the chaiity ha5 been able to generate sufficient funds to meet the annual transfer to designated reserves. Chaiitable expenditure remained in line with th& prior year. There were no quinqueNnial works undertaken during the year. Voluefor Money Stondurd The charity has 3pplied the Value for Money Standard for Registered Providers of Social Housing 2018, which c3me into effect I" April 2018. Out ol the seven Value foi Money Metrics, R&inve5tment and New supply delivered do not apply to the charity as they do not acquire, develop 01 dispose of social housing properties Gearing also does not apply to the charity as all residual loans are paid off. Interest cover % cannot be applied 35 the chariiy has no Interest or finance casts.
JANE GIBSON ALMSHOUSES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 2025 2024 Heodllne soclol houslng cost per unit Cost per unit has decre35ed by 20Yo due to a decrease in day to da¥ repairs of 43Y.. 2025 2024 Oper¢7tinq Murgin 96 17.7 2025 2024 Return on Copitul Employed (ROCEI 0% Reserves Pollcy Extraordinary Repair Fund IERFI Thi5 designated fund, which we are required to maintain under Charity Commission sealed order, 15 to be used for future major expenditure. The annual transfers are met from the Income and Expenditure Account Cyclical Maintenance Fund ICMFI This desi8nated fund, which we are required to maintain under Charity Commi55ion sealed order from transfer5 Mzde frorn the Income and Expenditure Account, will be used to meet maintenance costs occurring at regul3r Intervals e.g. refurbishing kiichens and bathrooms, interior and exterior redecoration and the ctsst of professional fee5 Such a5 for Quinquenni31 InspectlOll5. General Capiial Account We also maintain 3 general capital account which reflects OLir Invesiment in the fabric of the almshouse properties, Undesignated Reserves The undesignated reserves of the charity amount to £218,77712024.. £185,537). Over the years in which the charity has operated, it h35 managed to build up reserves which have been invesied in a portfolio of stocks and shares. The charity has become reliant upon the dividend and Interest Income which the portltslio 8enerales,- without It the charity would not be able to suppori ihe levels of expendirure that it does. A5 3 result, the Iharity looks on these inve5tment5 as quasi-endowrnent. Tho trustee5' policy in relation to reserves is to ensure that, in the event of a significant reduciion In income, they could at least maintain the almshouse properties to an acceptable level. Investment Policy and Performonce5 The trustee5 take the view, that the financial objective ol its Investments is to generate a 5UStainable return to help deliver the objects of the charity. The trustee5 are required to pay annual 5um5 of not le55 than £520 to the oflicial custodian for charities to be applied to the credit of an accouni entitled Extraordinary Repairs Fund. The official custodian invesis th&se yearly 5Um5, together with Income accruing, ill National Almshouses Association Common Investment Fund accumulation units. Th15 3part, the tru5tee5 have the power to invest In such manner as ihey see fit Funds are now vested with L¥cetts Financial Services Limited I"Lycetts"I who are expected to manage 3 portfolio of Investments in accordance with the charity's Investment policy. This policy is io adopt a medium risk strategy based on maximi5ing the returns on the investments, whilst obtaining re310nable growih in the markei value of the portfolio. This policy may need to be reviewed following the formulation of re5erve5 policy (see above). During the year the value of the charity'5 investments, after net disposals of £520, increased by £31.745.
JANE GIBSON ALMSHOUSES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 Examiner The examiner, Mr P. N. Newbold of Torgersens, will be proposed for re-appointment at the Annual General Meeting. This report was approved by the Irustee5 On Signed on behalf of the Board of Trustee5' Mrs G. Walker Chair Dète. Il. b"7&
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF JANE GIBSON ALMSHOUSES IA REGISTERED SOCIAL LANDLORD UNDER SECTION 3 OF THE HOUSING 19961 I report to the trLSStees on my examination of the accounts of Jane Gibson Almshouses Ithe Charity) lor the year ended 31 December 2025. Responsibilitles and basis of report As the charity trustoe5 of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'ihe Act'l. I report In respect ol my examination ol the Charity's account5 carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applic3 ble DirectiDn5 given by the Charity Commission under section 1451Sllbl of the Act. Independent examinerfs statement I have completed my examination. I confirm that no rnateri31 matle15 have come to my attention in connection with the examination giving me cause to believe that in any maierial respect.. accounting records were not kept in respect of the Charity 35 required by section 130 of ihe Act", or thp. 3Ctounts do not accord with those record5", or the accounts do noi comply with the applicable requirement5 concerning the form and content of account5 set out in the Charities (Accounts and Report51 Regulations 2008 other than any requirement that the accounts eive a 'true and fair view which 15 not a rnatter considered as part c>f an Independent examination. I have no concerns and have come acr055 no other matters In Connection with the examination to which aitention should be drawn in this report in order to enable a proper understanding of the accounts lo be reaihed. Mr P. N. Newbold BFP, FCA Torgersens Chartered Accountants East Suite Ground Floor Avalon House 51 Catherine'5 Court Sunderland SR5 3XJ Date..
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JANE GIBSON ALMSHOUSES STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2025 Notes 2025 2024 TURNOVER 28,834 26,246 OPERATING COSTS 128,8471 130,8911 Operating deficit 14.6451 D15P05al ol investments 13691 3,381 Iritere5t receivable and other intome 12,721 11,977 SURPLUS ON ORDINARY ACTIVITIES BEFORE TAXATION 12,339 10,713 Tax on surplus on ordin3ry activitie5 SURPLU5 FOR THE YEAR 12 All operations are continuing. The statement of comprehen51ve income contains all surpluses and deficit5 recognised In the cuir@nt and preiedin8 year_ The notes on pages 12 to 17 form part of these financial statement5.
JANE GIB50N ALMSHOUSES STATEMENT OF OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2025 2025 2024 Surplu5 for the year 12,339 10,713 Unreali5ed surplu51ldeficitl on investment (note 101 24,916 9,831 Total 5urplus/ldeficitl recognised since last annual report 37,255 20 Note of Historical Cost Surpluses and Deficits 2025 2024 Surplus on ordinary activities before taxation 12,339 10.713 Realisation of investment revaluation 8ains/ldeficitl in prior years 369 13,38LI Historical cost surplus on ordinary actiwities before and after taxation 7,332 The note5 on pages 12 to 17 form part ol these financial statement5 io
JANE GIBSON ALMSHOUSES STATEMENT OF FINANCIAL POSITION AT 31 DECEMBER 2025 Notes 2025 2024 TANGIBLE FIXED ASSETS Hou51ng Pioperties- cosi less depreciation Site Improvement5- COSt less depreci3tio 111,628 249.292 118,321 254,358 Investments loa 46,75S 49,106 407 675 421 785 CURRENT ASSETS Investments Debtors Cash at bank lob li 288,171 3,827 19,857 254,075 3,889 11,406 Current Account Deposit Accounts 348,257 304,280 CREDITORS.. Amounts falling due within one year 12 lQ,352 11,283 NET CURRENT ASSETS 337,905 292,997 TOTAL ASSETS LESS CURRENT LIABILITIES 74 714,782 CREDITORS.. Amounts falling due after more than one year 13 294,869 301,326 CAPITAL AND RESERVES Designated reserve5 Revaluation reserve Revenue reserve General c3Pltal account 15 16 17 18 172,420 128,280 90,497 59,514 163,182 103.364 82.173 64,737 450,711 413,456 745 58Q 714 78_2 These financial statement5 were approved by the b03rd of trustees and authori5ed for issue on 11..?..al4 and are signed on behalf of the board by- The notes on page5 12 to 17 form part of these financial staternent5. li
JANE GIBSON ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 GENERAL INFORMATION Jane Gibson Almshouse5 is a charity domiciled in England and Wales. Charity registration number 223223 and Housing Corporation register number A0567. The address of the registered office 15 313 High Street Wesi, Sund@rland SRI 3ET. STATEMENTOF COMPLIANCE These financial statements h2ve been prepared under the historical cost tonveniion and In accordance with the provision5 of FRS 102, the Housing and Regeneiation Act 2008 and Charities Aci 2011. ACCOUNTING POLICIES Basis of Accounting The linancial statements are prepared in accordance with UK G8nerally Accepted Accounting Practice (UK GAAPI Including Financi31 Reporting Standaid 102 IFRS 1021 and the Housing SORP 2018-. Statement of Recommended Practice for Registered Social Housing Providers and comply with the Accounting Direction for Private Registered Providers ol Social Housing 2022. The financial 5taternent5 are presented in sterling 1£), which is the functional currency of the charitv. Monetary amounts in th@se financial statements are rounded to the neaie5t pound. Turnover Turnover %hown comprises of renial income receivable in the year and grants receivable In the year, net of void propertie5. Housing Properties Housing properties are properties held lor the provisitsn of social housing or to othenvise provide social benefit Housing properties are st2t&d at cost. Depreciation is charged 50 as to write down the cost Df freehold housing properties, other than freehold land, to their estimated residual value on a straieht line basis over their expected useful econornic lives at the following annual rates-. Housing Propertie5'. Structure Roofing Kitchens Radiators External Doors Windows Bathrooms Boilers Fires IX straight line 5Yry Straight line 5Ytr Straight line S% Straight line 2.5Yo 51raight line 5Yo Straight line 6.660A 5tiaight line 6.660/u Straight line An element of the costs of the properties is the constituent fitments which are depreciated over a period ranging from 15 tD 40 years Iiom the date of Installation. Sub5equ@nt C05t5 incurred in replacing these asse.ts are capitalised and depreciated over the length of period benefiting from these rep13cements. All othei maintenance costs are charged to the Income statement a5 incurred. Site Improvements Depreciations 15 charged 50 as to write down the cost c>f the site improvement work5 to iheir estimated residual value on a straight lin@ basis over their expected economic lives ai the following annual rzte.. Boundary wall and fence5 - IbA straight line Impairment At each reporting date, goodwill 8nd other IiKed a55et5, Including tanEible fixed assets and investments but excluding investment piopertie5, are a55essed to determine whether there is an indication that the carrying amount of an assel may be more than its recoverable amount and that Ihe a55et should be impaired. If there 15 an indic3tion of possible impairrnent, the recoverable amount ol an asset, which Is the higher of its value in use and its net realisable value. Is estirnated 3nd compared with it'5 Carrying amount. 11 the recoverable amtsunt is lower, the carrying amount of ihe asset Is written down io its estimated recoverable amount and an impairment1095 is recognised In profit and Ios5. Sotlal Housing Grant IS.H.G.I Where development5 have been financed wholly or partly by S.H.G., the cost ol those developments are shown a5 deferred Income, sep3r3te to the Hou51ng property It relates to. S.H.G. is repayable under certain circumstances, primarily following the Sale of property, but will normally be restricted to net proceeds of sale. Social housing grants are amortised in line with the assets usetul economic livcs and rLl¢dSed as det-erred inciiiM¢' y¢drlv. 12
JANE GIBSON ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 ACCOUNTING POLICES Icontlnuedl Other Capltal Grants Where work5 have been financed wholly or partly by capiial granis, the cost of those works are shown as deferred income, sepaiate to the works it relates to. Othor capital grants are amortised in line with the a55ets useful economic lives 3nd felea5ed as delerrÈd income yearlv. Financial Instruments Financial insiruments are classified and accounted for according to the substance of the contractual agreerneni, as eiiher financial assets, financial Iizbilitie5 or equity Instruments. An equity instrument is any contract that evidence5 a Te51dual interest in the assets of the company after deducting all of its Deslgnated Reserves The charity has designated all those reserve5 which cannot be considered to be freely available. Cyclical Maintenance Fund The reserve rellecrs rhe charity's commitment to maintain its properties in accordance with Charity Commi55ion Sealed Order N888183. Extraordinary Repair Fund A provision has been established to enable the charity to Meet Its commitment to major repair5 in accordance with Charity Commis510n So21ed Order N889183. Investments Investments are Included at closing mid-market value at the balance Sheet date. Any gain or1055 On revaluation is credited or debited, respectively, to the revaluation reserve. Investment Income Dividends are included in the statement of comprehen51ve Income when they are declared at an amount which includes aiiributable tax credit and transitional relief. TURNOVER Turnover represents rental income ieceivable on 8 unit5 of housing accommodation12024". 8 units) as follows". 2025 2024 Rent5 receivable Inei of void lossosl AmDrti53tion of 50ci31 housing Brant AmortiSation of other capital grants 22,297 2,099 4,438 19,703 2,204 4,339 Void losse5 included above, represent a proportion of the Year when no rent was being received from the property due to it being empty. There were 212024.. 21 void properties in the year. 2025 2024 Voids EMPLOYEE INFORMATION The charity has no employees. The charity is controlled by tru5tee5 who received no remuneration durin8 the year12024-. £nill. INTEREST RECEIVABLE AND OTHER INCOME 2025 2024 Investment inccime Bank interest 11,203 1,518 10,239 1,738 L927 13
JANE GIBSON ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 SURPLUS ON OROINAR Y ACTIVITIES BEFORE TAXATION 2025 2024 Thi5 IS stated after charging.. Examiners, remuneration.. in their capacity as examiners (net of VATI in respect ol other 5ervice5 Depreciation Amortisation of other capit31 grants Amortisation of 5.H.G. 1,995 2,345 11,760 12,0991 11,555 12,2041 14,3391 TANGIBLE FIXED ASSETS Freehold Housing Property Total Fixed A55ets Site Improvements COST OR VALUATION At L Jznuary 2025 Addition5 Disposals 263,185 252,055 515.240 At 31 December 2025 263 185 252055 515 240 DEPRECIATION At L January 2025 Ch3rge lor the year Disposals 8,826 5,067 133,734 6,693 142.560 11.760 At 31 December 2025 140427 154 320 NEf BOOK VALUE At 31 December 2025 li 360.920 At 31 December 2024 254J 118.321 372,680 SOCIAL HOUSING GRANT 2025 2024 Total accumulated housing grant at 31 December 148 790 2025 148,790 Recogni5ed In 5tatetrent of comprehensive income Held iri deferred income 73,755 75,035 71.656 77,134 148,790 io_ INVESTMENTS Ibl Flxed Asset Investments Current Asset Investments Total Market value at l January 2025 Interest reinvested Net invested Gains/lLosse51 Unrea115ed Reali5ed 49.106 254,075 7,718 152Jl 303.181 7,718 15201 12,3511 24,916 1,982 22,965 1,982 Market value at 31 December 2025 288 171 334 926 Cost at 31 December 2025 200,004 208.997 C05t at 31 Decernber 2024 8.993 190 824 199 817 Investment at market value comprised UK Equities UK Unit Trusis COIF 78,129 210,042 78,129 210.042 46,755 46,755 288 171 334,926 14
JANE GIBSON ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 ii. DEBTORS 20Z5 2024 Arrears of rent Prep3ymenis and accrued income 806 3,021 720 3.169 3.889 12. CREDITORS.. Amounts falling due within one year 2025 2024 Advances ol rent deferred Income Social hou51nk grani Inote 14al Other capital grants (note 14bl 861 1,677 Accrua15 and 2,954 2,989 2,099 4,438 2,204 4,413 13. CREDITORS: Amounts fallSng due after more than one year 2025 2024 Social housing grant Inote 14al other capital grants (note 14bl 72,936 221,933 74,930 226,396 294.869 301326 L4 SOCIAL HOUSING AND OTHER CAPITALGRANTS Social Housing Grant 2025 2024 Grant At l January 2025 Additions Disposa15 148,790 144,770 7,000 12,9801 At 31 Decemb&r 2025 148 790 148.79 Amortlsation At l JanLJary 2025 Released In year Di5POsals 71,656 2.099 72,432 2,204 12,9801 At 31 December 2025 Net total at 31 December 2025 75.035 Net total at 31 December 2024 72.338 201g 2024 Amounts io be rele35ed within one ye3r Amount5 to be felea5ed in more than one year 2,099 72,936 2,204 74,930 Is
JANE GIBSON ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 14. SOCIAL HOUSING AND OTHER CAPITAL GRANTS Icontinuedl Ibl Other Capital Grant5 202S 2024 Grani At Ilanuary 2025 Additiong 239,083 234,109 4,974 At 31 December 2025 239 083 239 083 Arnortisation At l January 2025 Released in year 8,274 4,438 3,935 4,339 At 31 December 2025 12,712 Net total at 31 December 2025 226.371 230.809 Net total ai 31 December 2024 230 809 230 174 2025 2024 Amounts to be released within one year Amounts to be released In more than one year 4,438 221,933 4,413 226,396 226,371 230.809 15. DESIGNATED RESERVE5 Reserve for Cycllcal Maintenance 2025 2024 At l January 2025 Transfer from revenue reserve Spend 41,000 I,ooo 40,000 1,000 At 31 Decetnber 2025 42,000 Reserve for Extraordinary Repair5 2025 2024 At l January 2025 Income Transfer from revenue reserve 122.182 7,718 520 114,829 6,833 520 At 310ecember 2025 130 420 Total designated reserves at 31 December 2025 172 420 The charity has designated all those reserves which cannot be considered to be freely available. Cyt14cal Maintenance Fund The reserve reflects the charity's commirment ro maintain it5 properties in accordance with Charity Commi55ion Sealed Order N888183. Extraordinary Repair Fund A provision has been established to enable the charity to meet its commitmeni to major repairs in accordance with Charity Commission Sealed Order N889183. 16. REVALUATION RESERVE 2025 2024 At Ilanuary2025 Revaluation duriDg the year (note 101 Tian51er Ifroml/io designated re5erve5 At 31 December 2025 103,364 24,916 93,533 9,831 128.28Q IQi16A 16
JANE GIBSON ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 17. REVENUE RESERVE 2025 2024 At l January 202S Surplus lor the year Transfer Ifromllto designated reserves At 31 December 2025 82,173 10,2L3 92,680 8,892 18. GENERAL CAPITAL ACCOUNT 2025 2024 At l Janu3ry2025 Deficit for the year Alrnshouses contribution to restoration work Transfer from revenue reserve At 31 Decernber 2025 64,737 15,2231 51,870 122,8911 17,879 64.737 19. CAPITAL COMMITMENTS At 31 Decerrber 2025 and 310ecernber 2024 there were no contracted for or authorised capital commitments. 20. CONTINGENT LIABILITIES There were no contingent liabilities as at 31, December 202S or 31 December 2024, 21. RELATED PARTIES In the years ending 31 December 2025 and 31 December 2024 there were no related pariie5. 17