GRA Tr4THAM ALMSHOUSE CHARITY
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Registered tharity No.. 224721

GRANTHAM ALMSHOUSE CHARITY
YEAR ENDED JI MARCH 2025
TRUSTEES
Mr G Cook Ichairnian)
Mr A Finney {Vi¢e Chairnian)
Dr D Roper
Rev S Cradduck
Mr P Townsend
Mrs N Farmer
Mr M Knight
Mr C Turner
Mr T Harrison
ADDRESS
7 Dawsons Almshouses
Brook Street
GTaniham
Lincs
NG316RT
IP4DEPENDENT EXAMINERS
Streets
Enterprise House
38 Tyndall Court
Conimerce Road
Lynchwood
Peterborough
PE2 6LR
PROPERTY MANAGEMENT ADVISOILS
Pigott & Hall
36 Westgai¢
Grantham
NG316LY
SOLICITORS
Ringrose Law
4 St Peter's Hill
Grantham
Lillcs
NG316QD
INVESTMENT MANAGERS
Castlegate Financial Management Limited
8 Casrlegate
Grantl)am
Linc5
NG316SE

GIL4NTHAM ALMSHOUSE CHARITY
FOR THE YEAR ENDED 31 MARCH 2025
INDEX TO FINANCIAL STATEMENTS
Pagt No.
Report of the Ti'usÉees
Report of the Independent ExamiELers
Statement of Financial Aaiviti¢s
Balance Sheet
10- 17
Notes to Ilie Fillanci￿ Stat¢ments

GRANTHAM ALMSHOUSE CHARITY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees pr¢s¢nttheir annual report together with the fJnatLcial siatemefits of the chariry for
the year from l April 2024 to 31 March 2025. The Annual Report serves the purposes of both
a Trustees, report and a directo￿, report. The Tru5t¢e% confimj that the Annual R¢F<)rt and
financial statemenis of the charitable trust comply with the current 5taiutory requirements, the
requiremenis of the charithble company's governing documeni and the provisions of the
Stateinent of R¢commended Practice (SORPI applicable to charities preparing their accounts
in aLcordanee witli the Financial Reporiing Stsndard applicable in the UK and Republic of
Ireland {FRSI 021 (effective l January 20191.
l￿gaI and Administrative InfornJ#tion
Grantham Almshouse Chariry is a registered Charity number 224721 within tlie jurisdiction of
England and Wales under the Charity CommissioneTS' Approved Scheme which is daied 14
Jui)e 1989. The Principal Office is ai 7 Dawson's Almshouses. Brook StreeL Graniham.
Lin¢oln5hire NG31 6RT.
The truste¢s during the year under review were..
Mr G Cok IChaim)an)
Mr A Finney {Vice Chaimianl
Dr D Roper
R¢v S W Cradduck
Mr P Townsend
Mr M ￿light
Mrs N Farmer
Mr C Turner
Mr T Horrison
Administrative staff during the year were-.
Mr M Grimw(K)d (Clerk to the Trustees)
ObJeetivtS and activitie$.
To manage the illvestments and proFKrti¢s of the Trust and to apply the income tsf the Charity
for tlie ben¢fit of tlie residents of the Almshouses.
The residenis of the Almshouses known as Hursts Almshouse. Dawson Altnshouses, Russell
Reads Almshouses and Dorothy Bromnlow Almshouses shall be person5 aged fifty or above.
in need and M,ho lexcepi in special ca5e5 to be decided by th¢ commissioners) have been
residents of the area ofbenefit for at least six months. the area of benefii king defined as the
Dioces¢ of Lincoln, Deanery of Grdntham constituied on the 31 Marth 1972.
The residents of th¢ Almshouses known &8 Bmdley's Almshouses and Miss Farish Almshouses
shall be women in need 2ged fify or above, who lexeepi in special cases io be decided by the
commissioner5) have been residents of the previously defined area of benefii for at least six
months.

GRAf4THAM ALMSHOUSE CHAIUTY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees have had regard to the Charity Commissioners, guidance on public benefit where
applicable to the Tn]st.
view of Achiev
nt5 #nd Performan
2412025
All Trusiee5 confomi io the Code of Governance for Almshouse Chariiies and newly appointed
Trustees musi confomi 10 the Code of Good Govemance for ihe Voluntary and Comn)unity
SeC￿r before cotnmen¢ing their tenure.
The TrusTres led by a Chairnian and Vice Chairman have held four commillee meeiings in the
past year, including Ihe AGM. They make decision5 with regard ￿ ihe Charity's operational
requirements and investments.
Trustees review pay policy annually for key managemeni personnel.
Trustees are required at each meeLltig to stste if they have any related party relationships to
declare.
The Trustees are aware of the risk5 to fJnan¢ial investments made by ihe Ch￿lty and engage a
qualified Independenr Financial Adviser to guide the Charity Tn]5tees in any financial
deci51011S.
Upon the retirement of the previous Clerk Peter Hooper, after over 20 years of s¢rvice. and the
sad death of previous Asslstant Clerk Terry Copesiake. Mik¢ Grimwood was interviewed by a
group of Trustees and subsequently appointed a5 the new Clerk.
The Sub-committee of Trustees charged with carrying out a continuing review of operations.
policies and practices, in accordance will) ¢he SORP Istaienient of Re¢omniended Practices),
have coniinued to do so. No major changes have been enacted during the year iii question, bui
the review is ongoing. and changes will be made. as and when appropriate.
The Annual Saiisfaction Survey of Almshouse residents was carried out in Au8ilSt ?024. Out
of the total of 35 Te5iden(s al th¢ time only 4 did not submit a response and, further enquiry
by Trustee5, Rone of these had aoy concerns or issues they wished to raise. The few issues
which were raised by tlie respoiidents were minor Inatter5 of main¢¢nance or repair and they
were promptly attended to. The survey responses showed almosr universal prai5¢ forthe helpful
naiure and etTicien¢y of the new Clerk in dealing wilh matters a5 they arose. and he has also
been pro*active in helping residents with opporDJniti¢s to reduce their utility bills.
A s¢hen)e of cyclical regular repair and upgradinpjimprovement to the Alrnshouse properties
and their gardens has continued includiiig the completion of an extensive scheme of M'orks to
upgTad¢ tlie1￿ io ensure compliance with BS 58i9 Fire D¢teciion and Fire Alarm Sysiems for
BL4ildin8s. which followed from a 5urv¢y carried out in the prevLOU5 year 2023-2024.
An ongoing major scheme to UP8Tade and improve the Trust'5 Sto¢k of agein8 Commercial
properties was also put in place and ¢onrinues. li agreed b}, Trustees that a signifjcant
amount of funding towards the cosis of this M'ork. where ir could not be covered by nomial
income streams, would bt released IR tranches from ihe Trust's In￿'¢stMenT Portftslio to enable
work to proceed. The work of obiainsng Statutory approvals and comp¢tiiive iendering for the
Ivork is CiLrren(ly raking place.

GRANTHAM ALMSHOUSE CHARITY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 21125
A review of th¢ weekly maintenance charges paid by residents was ¢8rried out and a small
incregse. in line with inflation, was a8reed by Trustee5 and put in place.
The renial assessments ofthe Trust's Conlmercial properties. in line with current market values,
was also carried out by the Trust's Property Advisors and th¢ appropriate increases were
agree3d by Trustees and came into effect in September 2024. One or two of the Commercial
properties liave nece&sarity r¢mained vacant until the improvement and repair works can be
Ctsmpleied.
Our Almshouse residents ¢ontiftue io benefit from regular dail), Contact with our Clerk
regarding property maintenance or any other issues of ¢oncern. Ther¢ lias been a small turnover
of rebidents in the Almshouses but all va¢ancie5 aT¢ filled when availabl¢ and there is a healthy
waiting list of applicants to be inr¢rviewed and Considered as vacancies arise. The opportunity
is usually taken to updaie any outdated bathroom or kitchen faciliries or other aspects of the
accommodation before new residents moY¢ in.
#) Finanelal Revlew
The financial policy is that a Genera5 Cy¢li¢al Futkd ts maintained to cover the ongoing costs
of necessary mainienan¢e. repair and improvem¢Dts (o the almshouses and o(her properties and
an Extra Ordinary Repair filnd, which is a reserve fund to provide for the extraordinary repair.
improvemeiit or rebuilding of the almshouses and other buildings of fl)¢ Charity, should thai
become n¢cessary. We aim to m&ximise r¢turn5 on the Invested re5eTves, subject ro advice
received from our Independeni Financial Adviser, who currently is Castlegate Finwicial
Management Ltd., 8 Casilegate. Grantham, Lincolnshi￿ NG316SE.
The Reserves held in the COIF account at th¢ end of 2024123 are £30,308 from £53,632, the
decrease reflecting th¢ additional transf¢r5 to our current a¢couni used foT continuing repairs to
our commercial and almshouse properties. Interest of £1.676 was accrued during the year.
Between April 1. 2024, and March 31. 2025, the global economy saw modesigrowth. Inflation
eased globally but remain¢d sticky in some regions, leading to divergent central bank poli¢ie5.
Trade tensions and uneven recovery patterns has also added to economic uncertainty.
Global stock markets delivered mixed results. U.S. equities ini(ially outperfonned, driven by
tech giants benefiting from Al advanctn)ent$. However. in early 2025. investor sentiment
shifted as U.S. stocks faced selloffs due to inflaiion concerns and slower GDP growth.
As of 31 st March 2025. the portfolio was valued at £550,916- an increase of £1 0,414 from
its value of £540.502 in April 2024.

GRANfHAM ALMSHOUSE CHARITY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
b) Going toncern
The rrustees hav¢ a reasonable expec(ation that the charity has adequate resources to continue
in op¢raiional existence for the foreseeable fiJtUTe. For this reason, tliey coniinue io adopt the
goinu concern basis in preparing the financial sta¢ement$.
Structure. governance and management
a) Methods of appolntment or election of Trusiees
Where vacancies for frusiees arise. Trustees M'ill be selected and appointed in accordance
with t]ie temis of the Thariiy Comn)i5sioners' Scheme which includes provisions for the
appoinunent of a nominaied Trustee bs, Souih Kesteven District Council and of three ex offieio
Trustees who are the RectOT and Churchwardens of the ecclesiastical P￿]sh of St Wulfram.
Grantham.
b) Pollele5 Adopted for tht induetion and training of Trustt
All Trustees confortn to the Code of Governance for Almshouse Charities and newly appoiMt¢d
Trustees niust confomi to ihe Code of Good Govemance for the Voluntary and Community
S¢¢wr before commencing their tenure.
c) OrganisatlOn815tructur¢ and decision-making policies
The Trustee5. l¢d by a Chairm8n and Vice Chaimian have held four commi¢te¢ me¢ttngs in the
past year, includiiig the AGM. They make de¢ision5 with regard LO the Charity's operational
requirements and investm¢nis.
dl Pay polic), for key managerneni personnel
Trustees review pay poltcy annually for key Ma￿a￿eMen{ personnel.
e) Related party rel#tionships
Tn]stees are required at each tneeting to State if they have any related paty relationships to
d¢¢lare.
O Fingn¢ial rl$k m#n%gement
The Tru5te¢s are aware of the risks to financial invesiments made by th¢ Charity. and engage a
qualified Independeni Finan¢ial Advisor to guide Ihe Charity Trustees in any financial
d¢ci51011S.
Statement of Tryst¢es' responsibllities
The frusrees are responsible for preparing the frustees, Rew)rt and the tinancial statenients in
accordance with applicable law and Uniied Kingdom Accounting Standards (United Kingdom
Generally A¢cepied Accounting Practice).

GRANTHAM ALMSHOUSE CHARJTY
REPORT OF THE TRUSTEES
FOR THE YEAR Ef4DED 31 MARCH 2025
The law applicable to charities in England & Wales requires tlie Trustees to prepare financial
siat¢ment5 for ¢a¢h financial which give a true and fair view ofthe state of affairs of th¢ Charity
and of its incoming resources and appltcation of Tesources, in¢luding its illcome and
expenditure, for thar peTiod. In preparing thes¢ financial siai¢ments, the Trustees ar¢ rquired
Sel￿t suitable a¢couJting tK)licies and then apply them consistrntly:
observe the method5 and prin¢iples of the Charities SORP IFRS 102);
make judgments and accounting esiimates that are reasonable and Prudent:
state whether applicable UK Ac¢ounting Standards (FRS 102) have been followed,
subject to any material departure5 disclosed and explained in the financial statements:
prepare the financial statements on the going concern basis unless It is inappropriate
to presume that the Charity will continue in business.
The Trust¢es are responsible for keeping adequate accouniing records that are sufficient to
show ai)d explain Ihe Charity's iransactlOll5 and disclose with rvdsonable accuracy at any lime
the flnancial position of the Charity and enable them (o ¢nsur¢ thai the financial statements
comply with the Charities Act 201 I, the Charity (Accounts and Reports) Regulations 2008 and
the provisions of the Tr￿t deed. They are also responsible for safeguarding the assets of the
Charity and hence for ￿kIng r¢&sonable steps for the prevention and detection of fraud Bnd
oih¢r irregularities.
IndepeDdent examlners
Streets ar¢ ivilling to continue in oifice and a resolution to re.appoint them will be proposed at
Ilie annual geneTal merfing.
Approved by the trustees on
and signed on their behalf by:
MrG Cook
Chair of Trustees

GRANTHAM ALMSHOUSE CHARITY
IP4DEPENDEf4T EXAMINER'S REPORT TO THE TRUSTEES OF GtL4NTHAM
ALMSHOUSE CHARITY
FOR THE YEAR ENDED 31 MARCH 2025
I report to the tru5tee5 on my ￿aMInat[On of th¢ accounts of the above charity for th¢ year
ended 31 Maxch 2025.
Re5ponsibillti¢s and Basi5 of Report
As the irustees of the Chariiy you are responsible for the pr¢pardiion of the accounts in
a¢cordan¢e with the requirenients of rhe Cliarities Act ?0 I I I'the 2011 Act'l.
report in respect of my examination of tlie Charity's accounts carried our under sectron 145 of
(he 2011 Aa and in carrying out my examination I have followed tl)e applicable Dire¢tiotL%
given th¢ Charity Commission under section 14515)Ib} of Ihe Aci.
Independent Examiner's Statement
I have completed my examination. I confirm that no material matters have come to ms, attention
iE] connection w'ith the examination which gives me ¢auseto believe that in any material re$pert".
a¢counting records were not kept in resped of th¢ Charity as required by section 130
of the Act. or
2. the accoiints do noi accord ￿'1th those records. or
the accounts do not comply with the applicable requiremeois concerning the form and
¢ont¢nt of accounts set Oul in the Charities {Accouiit5 and Reporrsl Regulaiions 2008
otheT than any requirement that th¢ accounts give a Irue and fair, view which i5 not a
matter considered as part of an independ¢nt examination.
I Iiave no concerns and have come across no other mallers in eonneaion wilh the examination
to which arteniion 51iould be drawn in rhis report in order to ¢nable a proper understanding of
Ihe accounis to be reaclied.
This repor( is made solely to the Charity's Trustees. as a body. in accordance with Pari 4 of Ihe
Chari¢tes (Accounts and Repons) Regulat10115 2008. My work has been undertaken so Ihai T
might state to Ihe Charity's Trustees those matters l am required to state to them in an
Independejii Examiner's Report aiid for no other purpose. To tlie fi]Ilest txient pemiitted by
law. I do not accept or &8sume responstbility to anyone otherthan rhe Charity and the Ch8riry's
Trustees as a body, for my work or for this report.
Jonathan Day
BA (Hons) FCA
Srreets, Enterprise House, 38 Tyndall Court. Commerce Road, Lynchwood, Peltrborough, PE2 6LR
Date..

GRANTHAM ALMSHOUSE CHARrrY
STATEMErrr OF FINANCIAL AcfIviTIES
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted Endowment Unrestricted Endowment
Funds
Funds
Funds
Funds
202S
2024
2024
Notes
2025
Income
Income from charitable #ctivities:
Almshouse maint¢nance contribution5
SI,￿3
48,673
Income from other tradÈng activities:
Investinellt property rents
Inve¥tm¢n15
9t.360
13,640
89,085
15,624
Totsl Income
159.643
153,382
Ezp¢ndlture
Cost of generatlDg funds
Investment property Inaint¢nance
Chsritable aCti￿tieS
28,444
144.787
41.942
155,595
16
Total expenditure
173,231
197,537
Net incorne before other recoghlsed
g?ÉYi$ gnd 10sse5
Other recognised galns And losses
Transfer from restricted funds
Transfer to endowment funds
Gains l {105sesl on oiher investment
assets
(13,588)
144,155)
25,000
11,0131
33,135
Net movement in funds
(14,601)
13,980
RecoD¢iliation of funds
Total funds brought forward l Aprll
2024
Totsl funds earned fonvsrd 31
March 2025
464,538
4.050,000
450,558
4,050,000
449,937
4,050,000
464,538
4,050.000
Th¢ 5tstement of financial activities includes all gains and losses recognised in the year.
All income and expendiwr¢ derive from ¢oniinuing activities.

GRANTHAM ALMSHOUSE CHARITY
BALANCE SHEET
AS AT31 MARCH 2025
Notes
202S
2025
2024
2024
FIXED ASSETS
Almshouses
Investment propet
Other invests￿ents
1,810,0
2240,01)0
558.262
1,810,000
2.240.000
547,677
4,608,262
4.597.677
CURRENT ASSETS
Debrors
Investments
Cash ai bank and in hand
14,042
30 J08
10.079
53.632
11,109
74,820
10
49,432
CREDITORS: Amounts falling dve
within one year
1958
2.160
NET CURRENT ASSETS
47,474
72,660
NET ASSETS
FUNDS
Endowment funds
Restricted reserves
Unrestrickd reserves
4 655 736
4,670.337
15
14
4,ft50,000
155,799
449.937
4,050.000
155.799
464.538
TOTAL CHARITY FUNDS
4.655 736
4 670.337
Approved by the Trustees on and slEned on thelr behalf by:
Mr A FÉnney- Trustee
Mr G Cook- Trnstte
Date..
1712

GRANTHAM ALMSHOUSE CHARITY
NOTES TO THE FINAf4CIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
I. ACCOUNTING POLICIES
The principal accounting poli¢ies adopted, Judgeme1￿ and key sources of esiinuiion
uncertainty in the piepardtion of ihe financial sia*Mellts are as follows..
la) B￿lS of preparaiion
The financial statenients have been prepared in accordanc¢ with the Charities SORP
{FRS 102) - Accounring and Reportin¥ by Charities.. Statement of Re¢omm¢nded
Practice applicable to charities pr¢par¥ng their accounts in accordance with the
Financial Reporting Stsndard applicable in (he UK and Republi¢ of Ireland IFRS 102)
(effective l January 20151, the Fii)ancial Reportiiig Standard applicable in ihe UK and
Republic of Ireland {FRS 102) and the Charities Act 2011.
Granthani Almshouse Charity meets the definition of a public benefit entity under
FRS102. A5seis and liabilities are initially Tecognised at historical cost or tyansaaion
value unless oth¢rwi%e Sta￿d.
{b) Income
Income is recognised when the ¢hority has entitlement to the fund5 and represents
maintenance contribuiions receivable, interest from investment income and Tents
received from investment properties.
Ic) Expenditure recognition
Liabiliti¢s are recognised as expenditure as soon there is a legal or construe(ive
obligation committii)g the chariry to that expenditure. it is probable ihat settlem¢nt will
be required and the amount of the obligaiion Can be measured r¢li#bly.
All expenditure is accounted for on an accruals basis. All expense5, including support
costs and governance cosis, are allocated or apportioned to the applicable exp¢nditure
heading5 in the 5tatemelli of financial activities.
(d) Charitable propertie5
The charitable properties comprised in the Grantham Almshouse ChaTity now provide
39 units establislied originally by six charitable trusts dating from the seventeenih
century,, roged)er with eight fvrther properties. These properties are revalued
periodically ar open market value. All surpluses or defjcits are taken directlyto reserves
¢x¢ept that any pemianent diminiition in value of the investment property is taken io
the Staiement of Financial Activici¢s for the year. No d¢preciation is ¢har8ed.

GRANTHAM ALMSHOUSE CHARITY
NOTES TO THE FINANCIAL STATEMETrrrs
FOR THE YEAR EP4DED 31 MARCH 2025
(el Invesnn¢nt Properties
Investment properties are revalued periodically at open markd value. All su¥pluses or
deficits are iakeji directly to r¢serves ex¢epi thai any pern)an¢ni diminuiion in value of
the investment property is taken to ihe Stai¢ment of Financial Activities for the year.
No depre¢iaiion is charged.
{fj Other fixed assets
Individual fixed assets other than charitable and invesiinent propertie5 are ¢apitalised
at cost and depreCIa￿d over their useful economic lives on a strai8hi line basi5.
(gl Other investments
Inves(men¢s we revalued at Tnarket value at the balance sheet date and the aggregate
surplus or deficit is included in the Statement of Financial Activities.
(h) Cyclical repairs and maintenance
The Charity has established a regular programme of cyclical repairs and maintenanc¢.
Cosis are Cliarged to the revenue accoiiiit in tli¢ year in M'hich they are incurred.
li) Financial iiistTument5
Basic financial instrnm¢nts ar¢ ¢I￿SIficd and accounted for, according io (he substance
of the contTa¢wal arrongemenL as either financial assets, finan¢ial liabilities or equity
instruments.
li) Extraordinary repairs
Costs of extraordiiiary repwrs, unl¢ss representing improvwnents to the propenies, are
Charged ￿ the revei)ue account in the year in which they are incu￿ed.
(k) Cyclical Repairs and Maintenance and Extraordinary Repairs Reserves
These reserves represent amounts set aside for c}'clical mainienance to meei ¢osts in
excess of budgeted expenditure and amounts sei aside w carry. out major repairs on
housÉng properties.
10

GRANfHAM ALMSHOUSE CHAIUTY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
11} Value Added Tax
The Charity is not r¢gistered for value added tax. In these financial s¢atements, where
applicable, expendttUTe is shown inclusive of Value Added T￿.
Im) Taxation
All income and gains have been, or will be, applied for chari(able purposes. As
coiisequenc¢, the charity's income is not subject io t&xation.
TRUSTEES AND EMPLOYEES
2025
2024
The avera8e we¢kly number of per50r]s (including the Clerk
to the Trustees) employed during the year was..
Staff costs (for the above per50nsl
Wages and salarie5
The trustees have not r¢eeived or obtained any retnuneration or ¢Aher financial b¢nefits for the
year directly or indirecdy from ihe charity's funds.
INVESTMENT INCOME
2025
2024
Charities Official Inves¢m¢nt Fund Inieresi
1,676
4,831
Investment Dividends and Intere51
10.793
TAXATION
GTantham Alrnshouse Chariry is meet the definition of a charity for UK corporation tax
Purposes. Accordingly. th¢ chwity j5 Potentially exempt from t&xation in respeci of income or
capital gains received to the extent that such income or gains are applied exclusively to
charitable purposes.

GRAiwfHAM ALMSHOUSE CHARITY
NOTES TO THE FINANCIAL ST ATEMENTS
FOR THE YEAR ENDED 31 MARCH 202S
ALMSHOUSE RESIDENTIAL PROPERTY
Fre¢hold
Land &
Bulldings
Totsl
Valuation
Revaluations
Cos( or Revalued amount
1,810,000
1.810.000
1.810000
1810 000
The Almsl)ouses were valued for the purpose5 of the accoullts for the J'ear ended 31 March
2022 by Pigoit & Hall. Estate Ageiits at Market value. The Trusiees consider this to be a fair
reflection of (he ¢urreni valu¢
IP4VESTMENT PROPERTY
Investment
Property
Total
Cost or Revalued amouni
Revaluation5
Cost or Revalued amount
2,240,000
2.240,000
2 240 000
The investmeiit pi'opety was revalued for the purposes of the accoujiis for ihe year ¢nded 31
March 2022 b>" Pigott & Hall, Estate Agents ai market value. The Trustees consider this io be
a fair reflection of the current value.
12

GRAPnHAM ALMSHOUSE CHARITY
NOTES TO THE FINANCTAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 202S
7. OTHER INVESTMENTS
2025
2024
Quilter Inv¢stm¢nt Fund
Naiional Association of Almshouses Common Investsnent
Fund
Aegon Urtit Trusrs
135.854
7,346
137,232
7,175
415.062
403,270
558 262
547 677
DEBTORS
2025
2024
Prepayments
CURRENT A&SETS INVESTMENTS
2025
2024
Deposlt Account.. Charities Offi¢ial Invesiment Fund
30J08
io.
CASH AT BANK Af4D IN HAND
1025
2024
Current account
Petty Cash
5,038
44
10,816
292
CREDITORS: Arnounts falling due Within one year
2025
2024
Accrued expenses
1,958
2,160
13

GRANTHAM ALMSHOUSE CHARRTY
NiyfES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
13.
MOVEMENT IN FUNDS
CYCLICAL REPAIRS AND MAINTENANCE AND
EXTRAORDINARY REPAIR RESERVE
Cyclical E¥trAordinary
Repair5 and R¢pair Reserve
MAintenAnee
Rt5trve
Total
Balance at l April 2024
Transf¢r.' Income and expenditure
a¢¢ount
111,437
44,362
155.799
Balance at 31 March 2025
44
62
155799
14.
MOVEMENT IN FUNDS
EfiDOWMENT FUND
Endowm¢nt
Fund
Total
Balance at l April 2024
Revaluation of property
4.050.000
4,050,000
Balanee at 31 MHrch 2025
4 050 000
4 050 000
14

GHANTHAM ALMSHOUSE CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
15.
RELATED PARTIES
No transactions with related parties were undertaken 5u¢h as are required to be disc105¢d.
CHARrrABLE EXPENDITURE
ChArlt#bie
Aeti&ities
2025
Support
Costs
2025
Charitable
Activities
2024
Support
Cosis
2024
Day to day maintenance
Extraordin8rylcyclieal
maintenance
Clerk's Honorariu
Assistani to the Cl¢rf('s
Honorarium
Wages
Rent and rates
Insurance
Light and lieai
Garden maintenance
Post, telephone and
stationery
Legal and professional fees
Accountancy fees
Esiare agents fees
Sundry expenses
Intercom
moniioringllifeline
Residents voucherslparty
D¢preciation
43,829
31,915
8.914
31,999
19.184
21,334
12,510
864
712
4,873
2i.270
10.122
906
3,370
4,506
22.680
7,723
1,749
3,382
2.040
7,903
2.086
1,021
2,145
7.533
2,638
4,787
1,491
3,700
127.627
17,160
131,062
24,533
15

GRANTHAM ALMSHOUSE CHARtTY
SIMPLIFIED JTrICOME AND EXPENDtTURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
2025
2025
2024
2024
INCOME
Almshouse mainienance
ontribuiions
Interest
Misc income
Investment income
Inv¢sthieni properties
54,643
48,673
6.305
23
7,312
91.360
9,571
6.053
89.085
159,643
153,382
LESS EXPENSES
Clerk-s HonoTariutn
A5SlStant to ihe Clerk's
Honorarium
Wages
Rent and rate5
Light and heat
Insurance
Postage: telephone and
ststioiiery
Day to day maintenan¢e
Lifeline fees
Extraordinary maintenance
Investment property
maintenance artd in5uran¢e
Garden maintenance
Legal and professional fees
Accountsn¢y fees
Esiate agents fees
Sundries
Depreciation
31.999
21.334
12,510
864
712
23,270
4,873
906
3.370
22,680
4.506
1,749
43,829
1,021
31,915
4,787
19,184
8,914
28,444
7,723
3,382
2.040
7,903
5,786
41,942
10,122
11.196
2.145
7,53J
4.129
173,231
197,537
Surplus or Id¢fi¢it} for the
year
13.588
44.155
Thi5 page does not forni part of the Statutory. A¢eount&
Th¢s¢ simplSfied aceounis mav not eontaln $uffi¢ltNi Information to allow for g full
under5txNding of the financi21 affair5 of the Charity. For further understandlng the full
annual account& the Independent Ex%min¢rs Report and the Tryste¢s Annu41 R¢port
$hould be consulted.
16