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|||2024|2023|
|---|---|---|---|
|**Income**|Note|£|£|
|Rents receivable||87,864|72,073|
|Investment income|3|2,060|2,780|
|Interest receivable||336|99|
|||90,260|74,952|
|**Expenditure**||||
|Cost of generating funds|2|161,476|86,197|
|**Excess of income over expenditure before gains on**||(71,216)|(11,245)|
|**investments**||||
|Gains/(losses) on investments|4|5 932|(10,571)|
|**Net movement in funds**||(65,284)|(21,816)|
|**Total funds brought forward**||2,233,804|2,255,620|
|**Total funds carried forward**||2,168,520|2,233,804|
|**There are no restricted funds**||||





|||**2024**|**2023**|
|---|---|---|---|
||**Note**|||
|Freehold properties|5|2,040,000|2,040,000|
|Quoted investments|**6**|80,480|125,465|
|||2,120,480|2,165,465|
|Cash with Estate Agents||1,502|28,690|
|Cash at bank||36,828|33,719|
|Cash with Solicitors||11,870|8,090|
|||2,170,680|2,235,964|
|Creditors|**7**|(2,160)|(2,160)|
|Total net assets||2,168,520|2,233,804|
|**Represented by:**||||
|Trust Fund — unrestricted||2,168,520|2,233,804|



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|**2 Costs of generating funds**|**2024**|**2023**|
|---|---|---|
||**£**|**£**|
|**Property Costs**|||
|Estate Agents collection charges and disbursements|14,590|14,018|
|Property Management Charges|17,997|23,573|
|Repairs — general|104,755|25,723|
|Council tax on empty properties|1,077|105|
||138,419|63,419|
|**Other costs**|||
|Legal administration charge|20,640|19,879|
|Investment managers' fees|917|1,399|
|Independent examiner's fees|1,500|1,500|
||161,476|86,197|
|**3 Investment Income**|**2024**|**2023**|
||**£**|**£**|
|Dividend Income|2,060|2,780|
|**4 Net Gains on Investments**|||
|Realised gains on quoted investments|(296)|1,875|
|Gains on quoted investments|6,228|(12,446)|
||5,932|(10,571)|
|**5 Freehold Properties**|||
||E||
|Balancing at beginning|2,040,000||
|Additions|-||
|Disposals|-||
|Revaluation|||
|Balance at end of year|**2,040.000**||





|**6 Quoted Investments**|||
|---|---|---|
||E||
|Balancing at beginning of year|125,465||
|Transfer to client account|(50,000)||
|Investment managers fees|(917)||
|Less on sales of investment|(296)||
|Increase in Market Value|6,228||
|Balance at end of year|80,480||
|Quoted Investments of historical costs at 5thApril 2024|69,599||
|**7 Creditors**|**2024**|**2023**|
|Professional Charges|**£**|**£**|
|Independent Examiner Fees|1,500|1,500|
|Other creditors|660|660|
||2,160|2,160|



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|**Reference and administrative details**||
|---|---|
|**Trustees:**|G Connell|
||V M Wightman|
|**Principal Office & Trust Solicitors:**|Wilkin Chapman LLP — (to April 2024)|
||The Maltings|
||11 — 15 Brayford Wharf East|
||Lincoln|
||LN5 7AY|
||Weightmans LLP (from May 2024)|
||1 Whitehall Riverside|
||Whitehall Road|
||Leeds|
||LS1 4BN|
|**Bankers:**|The Royal Bank of Scotland plc|
||Sheffield Church street Branch|
||5 Church Street|
||Sheffield|
||Si 1HF|
|**Estate Agents:**|Blundells|
||896 Ecclesall Road|
||Sheffield|
||S11 8TP|
|**Independent Examiner:**|D F Booker FCA|
||38 Moorside|
||Sheffield|
||S10 4LN|





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|||2024|2023|
|---|---|---|---|
|**Income**|Note|£|£|
|Rents receivable||87,864|72,073|
|Investment income|3|2,060|2,780|
|Interest receivable||336|99|
|||90,260|74,952|
|**Expenditure**||||
|Cost of generating funds|2|161,476|86,197|
|**Excess of income over expenditure before gains on**||(71,216)|(11,245)|
|**investments**||||
|Gains/(losses) on investments|4|5,932|(10,571)|
|**Net movement in funds**||(65,284)|(21,816)|
|**Total funds brought forward**||2,233,804|2,255,620|
|**Total funds carried forward**||2,168,520|2,233,804|





|||**2024**|**2023**|
|---|---|---|---|
||**Note**|||
|Freehold properties|5|2,040,000|2,040,000|
|Quoted investments|**6**|80,480|125,465|
|||2,120,480|2,165,465|
|Cash with Estate Agents||1,502|28,690|
|Cash at bank||36,828|33,719|
|Cash with Solicitors||11,870|8,090|
|||2,170,680|2,235,964|
|Creditors|**7**|(2,160)|(2,160)|
|Total net assets||2,168,520|2,233,804|
|**Represented by:**||||
|Trust Fund — unrestricted||2,168,520|2,233,804|



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|**2 Costs of generating funds**|**2024**|**2023**|
|---|---|---|
||**£**|**£**|
|**Property Costs**|||
|Estate Agents collection charges and disbursements|14,590|14,018|
|Property Management Charges|17,997|23,573|
|Repairs — general|104,755|25,723|
|Council tax on empty properties|1.077|105|
||138,419|63,419|
|**Other costs**|||
|Legal administration charge|20,640|19,879|
|Investment managers' fees|917|1,399|
|Independent examiner's fees|1.500|1.500|
||161.476|86.197|
|**3 Investment Income**|**2024**|**2023**|
||**£**|**£**|
|Dividend Income|2,060|2,780|
|**4 Net Gains on Investments**|||
|Realised gains on quoted investments|(296)|1,875|
|Gains on quoted investments|6,228|(12,446)|
||5,932|(10,571)|
|**5 Freehold Properties**|||
||E||
|Balancing at beginning|2,040,000||
|Additions|||
|Disposals|||
|Revaluation|||
|Balance at end of year|**2,040,000**||





## 

|**6 Quoted Investments**|||
|---|---|---|
||**£**||
|Balancing at beginning of year|125,465||
|Transfer to client account|(50,000)||
|Investment managers fees|(917)||
|Less on sales of investment|(296)||
|Increase in Market Value|6,228||
|Balance at end of year|80,480||
|Quoted Investments of historical costs at 5thApril 2024|69,599||
|**7 Creditors**|**2024**|**2023**|
|Professional Charges|**£**|**£**|
|Independent Examiner Fees|1,500|1,500|
|Other creditors|660|660|
||2.160|2.160|



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