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2025-11-30-accounts

Charity Registered Number: 225036

MARY PEASE ALMSHOUSES FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025

Total Tax Solutions 2 Peel Court St. Cuthberts Way Darlington DL1 1GB

Mary Pease Almshouses Contents

Page
Company Information 1
Trustees' Report 2
Accountant's Report 3
Income and Expenditure Account 4
Balance Sheet 5
Notes to the Financial Statements 6—7
The following pages do not form part of the statutory accounts:
Detailed Income and Expenditure Account 8

Mary Pease Almshouses Company Information For The Year Ended 30 November 2025

Trustees’ Mrs G Sanderson Miss U Collie Mrs M Gibson Mr P Law Mrs D Milburn Mr T Sanderson Mrs A Saxby Miss S Stubbs Charity Registered Number 225036 Registered Office School House Chapel Street Middleton St George DL2 1DA Accountants Total Tax Solutions 2 Peel Court St. Cuthberts Way Darlington DL1 1GB

Page 1

Mary Pease Almshouses Charity Registration No. 225036 Trustees' Report For The Year Ended 30 November 2025

The trustees’ present their report and the financial statements for the year ended 30 November 2025.

Trustees’

The trustees’ who held office during the year were as follows:

Mrs G Sanderson Miss U Collie Mrs M Gibson Mr P Law Mrs D Milburn Mr T Sanderson Mrs A Saxby Miss S Stubbs

Statement of Trustees' Responsibilities

The trustees are responsible for preparing the trustees' Report and the financial statements in accordance with applicable law and regulations.

Law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the trustees’ must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period. In preparing the financial statements the trustees’ are required to:

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act) I report in respect of my examination of the Trust’s Accounts carried out under section 145 of the 2011 Act and in carrying out my examination. I have followed all the applicable Directions given by the Charity Commission under section 145 (5)(b) of the Act.

Mrs G Sanderson Trustee 31/03/2026

Page 2

Mary Pease Almshouses Accountant's Report For The Year Ended 30 November 2025

Accountant's Report

The charity’s gross income exceeded £25000 and I am qualified to undertake the examination. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination. I have no concerns and I 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

31/03/2026 Total Tax Solutions 2 Peel Court St. Cuthberts Way Darlington DL1 1GB

Page 3

Mary Pease Almshouses Income and Expenditure Account For The Year Ended 30 November 2025

Notes
TURNOVER
GROSS SURPLUS
Administrative expenses
OPERATING SURPLUS
Income from other current asset investments
Other interest receivable and similar income
SURPLUS FOR THE FINANCIAL YEAR
The notes on pages 6 to 7 form part of these financial statements.		 2025
£
31,450
31,450
(17,143 )
14,307
14,725
929
29,961		 2024
£
32,283
32,283
(18,433 )
13,850
6,666
846
21,362

Page 4

Mary Pease Almshouses Balance Sheet As At 30 November 2025

Notes
FIXED ASSETS
Tangible Assets
4
Investments
5
CURRENT ASSETS
Debtors
6
Cash at bank and in hand
Creditors: Amounts Falling Due Within One Year
7
NET CURRENT ASSETS (LIABILITIES)
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
CAPITAL & RESERVES
Revaluation Reserve
8
Income and Expenditure Account		 2025
£
£
1,144,435
192,174
1,336,609
4,849
58,977
63,826
(719 )
63,107
1,399,716
1,399,716
1,197,750
201,966
1,399,716		 2025
£
£
1,144,435
192,174
1,336,609
4,849
58,977
63,826
(719 )
63,107
1,399,716
1,399,716
1,197,750
201,966
1,399,716		 2024
£
£

675,730

177,523

853,253
2,540
47,202
49,742
(2,990 )

46,752

900,005

900,005

728,000

172,005

900,005		 2024
£
£

675,730

177,523

853,253
2,540
47,202
49,742
(2,990 )

46,752

900,005

900,005

728,000

172,005

900,005
1,336,609




63,107		 853,253




46,752
63,826
(719 )		 49,742
(2,990 )





1,399,716 900,005
1,399,716 900,005
1,197,750
201,966		 728,000
172,005
1,399,716 900,005

The financial statements were approved by the Trustee on 31 March 2026 and signed on its behalf by:

……………………….. ………………………….. ………………………..

Trustee Council Members

The notes on pages 6 to 7 form part of these financial statements.

Page 5

Mary Pease Almshouses Notes to the Financial Statements For The Year Ended 30 November 2025

Notes to the Financial Statements

  1. Principal Accounting Policies

(a) Basis of Accounting The Financial Statements have been prepared on the basis of the historic cost convention, in accordance with the requirements of the Charities Act 2011, and the Statement of Recommended Practice – Accounting and Reporting by Charities (SORPS FRS 102) issued October 2023.

(b) Turnover Turnover represents maintenance contributions receivable.

(c) Housing Properties and Depreciation The housing properties are included at last valuation figure. The properties are subject to a high level of maintenance such that the useful economic life of the asset is greater than 50 years. No charge for depreciation is therefore made. The Property was revalued in 2024 and the trustees are of the opinion that the value is not materially different to that stated on the Balance Sheet.

(d) Other Fixed Assets Tangible Fixed Assets other than housing properties are stated at cost less accumulated depreciation of 10% per annum.

(e) Cyclical Repairs and Maintenance Mary Pease Almshouses has established a regular programme of cyclical repairs and maintenance. Costs are charged to the Revenue Account in the year in which they are incurred.

(f) Extraordinary Repairs Costs of Extraordinary Repairs, unless representing improvements to the properties are charged to the Revenue Account in the year in which they are incurred.

(g) Cyclical Repairs and Maintenance Reserve This reserve represents amounts set aside for cyclical maintenance to meet costs in excess of budgeted expenditure for any one year.

(h) Extraordinary Repairs Reserve This Revenue Reserve represents amounts set aside to carry out major repairs on Housing Properties, and Equipment.

(i) Charitable Fund Property Reserve This represents that proportion of the cost of the properties which was financed by Mary Pease Almshouses’ own resources. The Charitable Fund Property Reserve also included deprecation equal to loan repayments made in previous years.

(j) Value Added Tax Mary Pease Almshouses is not registered for Value Added Tax. In these Financial Statements, where applicable, expenditure is shown inclusive of Value Added Tax.

(k) Cash Flow Statement The trustees are exempt from preparing a cash flow statement under Section 7 for FRS 102.

(l) Taxation No provision has been made for Corporation Tax as the Trust is a registered charity and therefore exempt.

4. Tangible Assets

. Tangible Assets
Cost
As at 1 December 2024
Revaluation Reserves
As at 30 November 2025
Depreciation
As at 1 December 2024
Provided during the period
As at 30 November 2025
Net Book Value
As at 30 November 2025
As at 1 December 2024		 Land & Property
Freehold
Land
Freehold
Buildings
£
£
141,120
530,880
-
469,750
141,120
1,000,630
-
-
-
-
-
-
141,120
1,000,630
141,120
530,880		 Fixtures &
Fittings
£

10,453

-		 Total
£

682,453

469,750
141,120
1,000,630
10,453
1,152,203
-
-
-

-
6,723

1,045
6,723

1,045
-
-
7,768
7,768
141,120
1,000,630
2,685
1,144,435
141,120
530,880
3,730
675,730

Page 6

Mary Pease Almshouses Notes to the Financial Statements (continued) For The Year Ended 30 November 2025

5. Investments

Cost or Valuation
As at 1 December 2024
Additions
As at 30 November 2025
Provision
As at 1 December 2024
As at 30 November 2025
Net Book Value
As at 30 November 2025
As at 1 December 2024
6. Debtors
Due within one year
Trade debtors
Other debtors
7. Creditors: Amounts Falling Due Within One Year
Other creditors
8. Reserves
As at 1 December 2024
Revaluation
Profit for the year and total comprehensive income
As at 30 November 2025		 2025
£
2,309
2,540
4,849
2025
£
719
Revaluation
reserve
£
728,000
469,750
-
1,197,750		 £
177,523
14,651
192,174
-
-
192,174
177,523
2024
£
-
2,540
2,540
2024
£
2,990
Income and
Expenditure
Account
£


172,005
-

29,961

201,966

Page 7

Mary Pease Almshouses Detailed Income and Expenditure Account For The Year Ended 30 November 2025

TURNOVER
Sales
Rent Losses from Voids
GROSS SURPLUS
Administrative Expenses
Council Tax
Light and heat
Cleaning
Repairs, renewals and maintenance
Insurance
Accountancy fees
Management fees
Depreciation
Sundry expenses
Independent Examination
OPERATING SURPLUS
Interest on investments
Other interest receivable and similar income
Bank interest receivable		 2025
£
£
31,450
-
31,450
31,450
308
1,030
-
8,279
1,027
720
4,734
1,045
-
-
(17,143 )
14,307
14,725
14,725
929
929
29,961		 2025
£
£
31,450
-
31,450
31,450
308
1,030
-
8,279
1,027
720
4,734
1,045
-
-
(17,143 )
14,307
14,725
14,725
929
929
29,961		 2024
£
£

32,841

(558)

32,283

32,283
366
615
121
8,835
1,063
420
5,668
1,045
200
100

(18,433 )

13,850
6,666

6,666
846

846

21,362		 2024
£
£

32,841

(558)

32,283

32,283
366
615
121
8,835
1,063
420
5,668
1,045
200
100

(18,433 )

13,850
6,666

6,666
846

846

21,362
31,450
31,450










(17,143 )		 32,283
32,283










(18,433 )
14,725

6,666
14,307

14,725

929		 13,850

6,666

846
929
846

29,961 21,362

Page 8