CHARITY REGISTRATION NUMBER: 224036
John Dakyn's Almshouse Charity Unaudited Financial Statements
31 July 2025
IAN CRISOP ACCOUNTANCY Chartered accountants Unit 1, Borough House Business Centre, 5 Borough Road, Richmond, North Yorkshire DL10 4SX
John Dakyn's Almshouse Charity
Financial Statements
Year ended 31 July 2025 oo
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|Page|
|Trustees'|annual|report|1|
|Independent examiner's|report to|the|trustees|2|
|Statement|of financial|activities|&|
|Statement|of financial|position|5|
|Notes|to|the|financial|statements|6|
|The|following|pages|do|not form|part of the|financial|statements|
|Detailed|statement|of financial|activities|15|
|Notes|to|the|detailed|statement|of financial|activities|16|
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John Dakyn's Almshouse Charity
Trustees’ Annual Report
Year ended 31 July 2025
S S SeS
The trustees present their report and the unaudited financial Statements of the charity for the year ended 31 July 2025.
| Referenceand administrative | details |
|---|---|
| Registered charityname | John Dakyn'sAlmshouse Charity |
| Charity registration number | 224036 |
| Principal office | MeadowView |
| 11a Ravensworth | |
| Richmond | |
| North Yorkshire | |
| DL11 7EU | |
| The trustees | |
| Reverend A Gledhill | |
| Mrs C Milbank | |
| Mrs S Bateman | |
| ReverendA Kirby Mrs J A Ratcliffe |
|
| MrS Hargreaves | |
| Mr J Connors | |
| Independentexaminer | RI Crisop FCA |
| Unit 1, Borough House Business Centre, 5 Borough Road, Richmond, |
|
| North Yorkshire | |
| DL104SX |
Structure, governance and management
Governing Document The charity is governed by its trust deed. Charities Organisation The charity is run by the trustees. None of these is remunerated for their services to the charity. Funds Available The present level of funding is adequate to support the continuation of the objects of the trust and the trustees consider its financial position satisfactory. Risk Management The trustees actively review the major risks, which the charity faces on a regular basis and believe that maintaining reserves at current levels, combined with an annual review of controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks faced by the charity and confirm that they have established systems to mitigate the significant risks.
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John Dakyn's Almshouse Charity
Trustees’ Annual Report (continueg)
Year ended 31 July 2025 —-_————eS
Objectives and activities
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives.
Strategic Aims and Objectives
The provision of housing accommodation for beneficiaries, such charitable purposes for the benefit of the residents as the trustess decide and the relief of beneficiaries who are in need, hardship or distress. These are continuing.
Achievements and performance
The charitable organisation has continued to provide services to the immediate community. These include the provision of housing accommodation.
Financial review
Results for the Year
The results for the year are set out in the Statement of Financial Activities on page 5 with the charity making a net defecit before other recognised gains and losses of £22,478 (2024:surplus £15,319).
Reserve Policy
It is a policy of the charity to maintain unrestricted funds at a level which equates to at least 5 months unrestricted expenditure. This provides sufficient funds to cover management, administration and support costs. Unrestricted funds are maintained at least at this level throughout the period.
Trustees Investment Powers
The trustees are empowered to invest the funds of the trust subject to the trust deed and any relevant legislation.
The trustees’ annual report was approved on 28 October 2025 and signed on behalf of the board of trustees by:
Mrs J A Ratcliffe Trustee
John Dakyn's Almshouse Charity Independent Examiner's Report to the Trustees of John Dakyn's Almshouse Charity
Year ended 31 July 2025
i |report to the trustees on my examination of the financial statements of John Dakyn's Almshouse Charity (‘the charity’) for the year ended 31 July 2025.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’). | report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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_ the financial statements do not accord with those records; or
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_ the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination. | have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
R | Crisop FCA Independent Examiner
Unit 1, Borough House Business Centre, 5 Borough Road, Richmond, North Yorkshire DL10 4SX
28 October 2025
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John Dakyn's Almshouse Charity
Statement of Financial Activities
Year ended 31 July 2025
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|---|---|---|---|---|---|---|---|
|2025|2024|
|Unrestricted|
|funds|Totalfunds|Total|funds|
|Income|and|endowments|Note|£|£|£|
|Investment income|4|76,259|76,259|68,570|
|Total|income|76,259|76,259|68,570|
|Expenditure|
|Expenditure|on|charitable|activities|5,6|104,352|104,352|65,242|
|Total|expenditure|104,352|104,352|65,242|
|Net gains on|investments|6|5,615|5,615|11,991|
|Net (expenditure)/income and|net movement|in funds|(22,478)|(22,478)|15,319|
|Reconciliation|of funds|
|Total funds|brought forward|1,971,156|1,971,156|1,955,837|
|Total funds|carried forward|1,948,678|1,948,678|1,971,156|
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The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
—EOEThe notes on pages6 to 13 form part of these financial statements.
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John Dakyn's Almshouse Charity
Statement of Financial Position
31 July 2025
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|---|---|---|---|---|---|---|
|2025|2024|
|Fixed|assets|Note|£|£|
|Tangible|fixed|assets|11|1,759,417|1,759,417|
|Investments|12|150,737|145,122|
|1,910,154|1,904,539|
|Current|assets|
|Cash|at bank and|in|hand|159,393|188,077|
|Creditors:|amounts|falling|due within one year|13|15,295|16,436|
|Net current assets|144,098|171,641|
|Total|assets|less|current|liabilities|2,054,252|2,076,180|
|Creditors:|amounts|falling due after more than|one year|14|105,574|105,024|
|Net assets|1,948,678|1,971,156|
|Funds|of the|charity|
|Unrestricted|funds|1,948,678|1,971,156|
|Total|charity funds|15|1,948,678|1,971,156|
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These financial statements were approved by the board of trustees and authorised for issue on 28 October 2025, and are signed on behalf of the board by:
ZARA AS
Mrs J A Ratcliffe Trustee
The notes on pages6 to 13 form part of these financial statements. SOOTee 5
John Dakyn's Almshouse Charity Notes to the Financial Statements Year ended 31 July 2025 —eeeeeeeeeSFSFSeSSSSSSSSeSSsSseC 1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is John Dakyn's Almshouse Charity, Stable Cottage, Whashton, Richmond, DL11 7JL.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland’, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in Sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Disclosure exemptions
(a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
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John Dakyn's Almshouse Charity Notes to the Financial Statements (continued) Year ended 31 July 2025 —_---eesesesSsSsesesSé<—éFérs 3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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° income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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° legacy income is recognised when receipt is probable and entitlement is established.
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e income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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° income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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e¢ expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
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e expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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e other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
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John Dakyn's Almshouse Charity Notes to the Financial Statements (continued) Year ended 31 July 2025
a 3. Accounting policies (continued)
Tangible assets (continuea)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Investments
Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment. Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value taken through income or expenditure. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value taken through income or expenditure. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
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John Dakyn's Almshouse Charity Notes to the Financial Statements (continued) Year ended 31 July 2025 eee 3. Accounting policies (continued)
Impairment of fixed assets (continued)
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomesa party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of Significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
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John Dakyn's Almshouse Charity Notes to the Financial Statements (continuea)
Year ended 31 July 2025 SSeS
4. Investment income
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|||||||||
|---|---|---|---|---|---|---|---|
|Unrestricted|Total|Funds|Unrestricted|Total|Funds|
|Funds|2025|Funds|2024|
|Rents|£|£|£|£|
|and wayleaves|69,419|69,419|59,922|59,922|
|Dividends|3,485|3,485|3,410|3,410|
|Bank account|interest|3,355|3,355|5,238|5,238|
|76,259|76,259|68,570|68,570|
|5.|Expenditure|on|charitable|activities|by fund|type|
|Unrestricted|Total|Funds|Unrestricted|Total|Funds|
|Funds|2025|Funds|2024|
|John|£|£|£|£|
|Dakyn|Educational|Charity|L141|7,511|8,102|8,102|
|Support|costs|96,841|96,841|57,140|57,140|
|104,352|104,352|65,242|65,242|
|6.|Expenditure on|charitable|activities|by|activity|type|
|Activities|
|undertaken|Total|funds|Total|fund|
|directly|Support|costs|2025|2024|
|John|£|a|£|2|
|Dakyn|Educational|Charity|7,511|-|C511|8,102|
|Governance|costs|_|96,841|96,841|57,140|
|75|96,841|104,352|65,242|
|7.|Net|gains|on|investments|
|Unrestricted|Total|Funds|Unrestricted|Total|Funds|
|Funds|2025|Funds|2024|
|Gains/(losses)|Es|£|£|£|
|on|listed|investments|5,615|5,615|11,991|11,991|
|8.|Independent|examination|fees|
|2025|2024|
|Fees|payable|to|the|independent examiner|for:|ri|a|
|Independent examination|of the|financial|statements|648|630|
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9. Staff costs
The average head count of employees during the year was Nil (2024: Nil).
No employee received employee benefits of more than £60,000 during the year (2024: Nil).
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John Dakyn's Almshouse Charity Notes to the Financial Statements (continuea)
Year ended 31 July 2025 —_——eee> 10. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the charity.
11. Tangible fixed assets
| Freehold | |
|---|---|
| property | |
| Cost | £ |
| At 1 August2024and 31 July2025 | 1,759,417 |
| Depreciation | |
| At 1 August2024 and 31 July 2025 | i |
| Carrying amount | |
| At31 July2025 | 1,759,417 |
| At31 July2024 | 1,759,417 |
| Investments | |
| Listed | |
| investments | |
| Cost or valuation | £ |
| At 1 August2024 Additions |
145,122 = |
| Othermovements | 5,615 |
| At 31 July2025 | 150,737 |
| Impairment | |
| At 1 August 2024and 31 July 2025 | |
| Carrying amount | |
| At31 July2025 | 150,737 |
| At31July2024 | 145,122 |
12. Investments
All investments shown above are held at valuation.
Financial assets held at fair value
The land and property comprising the invetment properties were valued at £1,753,000 on the 19th December 2016 by Mr David Cooper BSc (Hons) MRICS of GSC Grays on an open market value basis.
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John Dakyn's Almshouse Charity Notes to the Financial Statements (continuea)
Year ended 31 July 2025
eee 13. Creditors: amounts falling due within one year
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|||||||
|---|---|---|---|---|---|
|2025|2024|
|Bank|loans|and|overdrafts|£|£|
|Accruals|-|550|
|John|and|deferred|income|530|530|
|Dakyn|Educational|Charity|14,765|15,356|
|15,295|16,436|
|14.|Creditors:|amounts|falling|due|after more than one year|
|2025|2024|
|Bank|£|£|
|loans and|overdrafts|105,574|105,024|
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15. Analysis of charitable funds
Unrestricted funds
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|---|---|---|---|---|---|---|
|At|
|1|August 202|Gains|and|At|
|7a|4|Income|Expenditure|losses|31|July 2025|
|General|£|E|£|£|
|funds|811,496|76,259|(104,352)|5,615|789,018|
|Unrestricted|fund|1,159,660|—|-|~|1,159,660|
|1,971,156|76,259|(104,352)|5,615|1,948,678|
|At|
|1|August 202|Gains|and|At|
|e|3|Income|Expenditure|losses|31|July 2024|
|General|ca|£|a|£|
|funds|796,177|68,570|(65,242)|11,991|811,496|
|Unrestricted|fund|1,159,660|~|-|~|1,159,660|
|1,955,837|68,570|(65,242)|11,991|1,971,156|
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John Dakyn's Almshouse Charity
Notes to the Financial Statements (continueg)
Year ended 31 July 2025
16. Analysis of net assets between funds
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|||||||
|---|---|---|---|---|---|
|Unrestricted|Total|Funds|
|Funds|2025|
|Intangible|re|£|
|Tangible|assets|150,737|150,737|
|Current|fixed assets|1,759,417|1,759,417|
|assets|159,393|159,393|
|Creditors|less than|1|year|(15,295)|(15,295)|
|Creditors greater than|1|year|(105,574)|(105,574)|
|Net assets|1,948 678|1,948 678|
|Unrestricted|Total|Funds|
|Funds|2024|
|Intangible|£|£|
|Tangible|assets|145,122|145,122|
|Current|fixed assets|1,759,417|1,759,417|
|assets|188,077|188,077|
|Creditors|less than|1|year|(16,436)|(16,436)|
|Creditors greater than|1|year|(105,024)|(105,024)|
|Net assets|1,971,156|1,971,156|
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a ee en erent nina os nih sind a sienapelicsgg= lle
John Dakyn's Almshouse Charity
Management Information
Year ended 31 July 2025 I
The following pages do not form part of the financial statements.
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John Dakyn's Almshouse Charity
Income and expenditure account
for the year ended 31 July 2025
| 2025 | 2024 | |||
|---|---|---|---|---|
| £ | £ | £ | £ | |
| General Revenue Account | ||||
| Income | ||||
| Rentandwayleaves Dividends Bankaccountinterest |
52,439 3,485 3,355 |
45,760 3,410 5,238 |
||
| Totalgrossincome | 59,279 | 54,408 | ||
| Less: | ||||
| Insurance Repairsand renewals |
1,702 15,467 |
715 21,699 |
||
| -17,169 | -22,474 | |||
| Administration | ||||
| Accountancy Clerk's/wardensexpenses Legalfees Postage, stationery and advertising Subscriptions and licence Telephone Training |
648 3,750 12,794 81 353 1,951 0 |
635 3,300 2,458 148 343 535 210 |
||
| -19,577 | -7,629 | |||
| Balance beingexcess ofincome overexpenditure fortheyear |
22,533 | 24,305 | ||
| Transferred as follows: | ||||
| John Dakyn's EducationalCharity Charityaccount |
PSU 15,022 |
8,102 16,203 |
||
| 22,533 | 24,305 |
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John Dakyn's Almshouse Charity
Income and expenditure account
for the year ended 31 July 2025
| 2025 | 2024 | ||||||
|---|---|---|---|---|---|---|---|
| Charity | account | £ | £ | £ | £ | ||
| Income | |||||||
| Shareof netincomefortheyear Rents |
A511 | 8,102 | |||||
| 16,980 | 14,162 | ||||||
| 24,491 | 22,264 | ||||||
| Less:Almshouses | |||||||
| Electricity Gas |
969 | 920 | |||||
| Insurance | 5,399 | 4,391 | |||||
| Rates and water Repairsandrenewals Sundryexpenses |
3,152 1,197 48,964 414 |
4,026 2,236 15,104 360 |
|||||
| -60,095 | -27,037 | ||||||
| -35,604 | -4,773 |
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