Statutory Accounts
THE PAWSON COTTAGE HOMES
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Charity Registration No. 226439

THE PAWSON COTTAGE HOMES
LEGAL AND ADMINISTRATIVE INFORMATION
Trustse
Abbeyfield the Dales Limited
Directors of Abb8yfield The Dales
T P Carroll
M J Carter
J Connelly
l R Hepworth
ALHill
P Myers
P G Myers
I Price
R G Rawling
D Smllh
A Massingham
A Hunt
Charily number
226439
Principal address
Grove House
12 Riddings Road
LS29 9BF
Regisleied office
Grove House
12 Riddings Road
LS29 9BF
Auditor
Azets Audit Senri￿$
Cadlon House
Grammar School Street
Bradford
BD14NS
Bankers
Barclays Bank PLC
Leicester
United Kingdom
LE87 2BB

THE PAWSON COTTAGE HOMES
CONTENTS
Page
Trustee report
Statement of IrustÈe responsibilities
Independent audilovs report
Statement of financial acti￿lIé$
Balance sheet
Notes to the financsal statements
9-14

THE PAWSON COTTAGE HOMES
TRUSTEE REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The trustee present their annual reporl and financial statements for the year ended 31 Maich 2024.
The financial stalemenls have been prepared in accc>rdance with the accounting policies sel out in note 1 to the
financial s18lernents and comply viilh the charity's trust deed, the Charities Act 2011 and"Aecounting and Reporting
by Charities.. Slalémonl of Recommended Practice applicable Its charities preparing their aCCOLJnts in accordan
with the Financial Reporttng St8nd8rd applicable in the UK and Republie ol Ireland {FRS 1021" (effective 1 January
20191.
Objectives and a¢tivlties
The charity's object is the pmvision of almshouses for needy and ijeserving peoplè over the age of 65 years with
preferen￿ lo residénts of Ilkley, Wesl Yorkshire and lo spinsters and widows in parti￿18r. The policies adopted in
furtherance of these objects are sel out (>n pages 9 10 14 of this réport and there has been no thange in these
during the year. The charity is also known as S Pawson DeceasÈd And Susannah Pawson Trusl.
The trustee ha5 paid due regard to guidance issued by the Charily Commission in deciding what aCti￿tIeS Ihe
¢harity should undertake.
Achievemonts and perfom7ance
Rèvièw of tha year
Thfoughoul the 12 months ending 31 March 2024, the flats continued lo achieve htqh occupancy, with zero voids in
Ihe year, and wnlinue to be lull. The TruslÈe ensures that the flats are maintained lo e high standard wlh works
during Ihe year ielaling to repairs and improvemenls. W$ continue to woik towards progiamme of installing
new boilers across all flats, with another boiler installed in the year.
Section 162a of the Charf11es Acl 2011 requires tharities lo make # st8tament regarding fundrai￿ng actwilies. The
gisl81ion dofines fundraising as °soliciling or otherwise procuring monèy or other property for chaiilable purposes..
The charity does not actively raise funds from the public eilher directly 01 via use of an agent, accordingly no sueh
amounts are presented in the financial stateménts for the year under review. The eharily has received no
complaints in relation lo fundraising aclivity for the year undor ￿vIeW.
Given the nature of the funding of the Charity the Trustee consider that it rematns appropriale not lo be voluntar¢ly
bovnd lo be regulated by Ilie Fundralsing Regulator.
Section 162a Df thè Charities Act 2011 requires charities to make a statement r8gJrding fundraising aclivilies. Th
legislation defines fundiaising as'soliciting or othetwisé procuring money or other property for charitable purposes..
The charity does not actively raise funds from the pijblic Èither directly or via use of an agent. according￿ no such
8rn0unts are presented in the finaniial statements for the year under review. The charity has re¢eivèd no complaints
In relation l(> fEJndraising actiwly for the yèar under review.
Given the nature of thè funding of the charity the TTus19e considers that Il remains appropriate not to be voluntarily
bound to be regulatèd by the Fundraising Regulator.
Financlal rèvlaw
During the 12 months ending 31 March 2024, the charity generated Income of £42,12712022123- £49,842 for a 15-
onlh period),. resident maintènancè charges increased by 5Q/o. lower than the intTalion rates announoed by the
otfice for National Statistics al September 2C>22 of 13.2%.. all propertiès were ILtII at the year end and th@y are also
cuirenlly full. Total expendilure was £40,179 {2022123- £40,684 for a 15-monlh period).
Th8 net incoming resour￿$ for the 12 months are £1.948 12022123 - £9,158 for a 15-monlh peritsdl. The total
reserves as al 3151 March 2024 sland al £454,696 {2022r23 - £452,748 for a 15-month period}-

THE PAWSON COTTAGE HOMES
TRUSTEE REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Reserves pollcy
11 is the policy of the charity that unrestricled funds which have not been designated for a specific use should bè
maintained 81 a level thal is not less than six month's expenditure. The Iruslee considers that reserves al (his level
will ensure that, in the evenl ol g signtficant drop in funding, they will be able lo continuè the charity's current
activities while consideration is given to W8ys In which additional funds may be Taised. This level of reserves has
been maintained Ihioughout the year.
Risk managèment
The Tru51eo has assessed the major risks to which the charity is exposed and 18 Satisfied that syslerns are in place
to miligale exposu￿ lo the major r¢sks.
structure, governance and management
The chaiily is unincorporaled arld is govorned by the will of Susannah Pawson deceased, dated 7 February 1945.
as amended by a scheme dated 17 October 2011 and a resolub'on dated 25 January 2012. The charity registration
number is 226439 8nd the principal office 15 Grove House, 12 Riddings Road, Ilkley LS29 9BF. A corporate Trustee
has been appointed and changes in Trustee musl be approved by the Directors of this cornpany.
Abbèyfield The Dales Limila(I
The Directors of Abbeyfield The Dales Limitéd are:
M. Carter
l. Hepworth
I Price
D. Srllilh
ALHill
R. G. Rawling
T. P. Carroll
P. Myers
(Appointed 26 May 20231
P. G. Myers
IAppoinled 26 May 20231
J. Connelly
IAppoinled 26 May 20231
A. Massingh8m IAppointed 31 May 20241
A.Hunl
(Appointed 31 May 20241
(Company SècrÉtary)
(Deputy Chairman)
(Chairl
TheT
slee
eport was appr ved by the Board ofTruslee.
Abbèylidd the Dales Limited
Trustee
27 Septémbèr 2024

THE PAWSON COTTAGE HOMES
STATEMENT OF TRUSTEE RESPONSIBILITIES
FOR THE YEAR ENDEL) 31 MARCH 2024
The Trustee is responsible for preparing the Ttuslee Report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards {Unilèd Kingdom Generally Accepted Accounting
Praelicel.
The law applicable to charities in England snd Wales requires the Trustee lo prepare financial sl8lements for each
financial year which give a true and lair view (>f the slsle of affairs of the charity and of the incoming resourees and
application of resourcas ol the charily for that year.
In preparing these financial $181emenls, the Iruslee are ￿quired lo..
sele¢l suitable accounting policies and then apply them consistently..
observe the methods and principles in the Charities SORP,,
tnake judgements and estimatès that arè reasonable and prudent,.
slate whethér applicable accounting standards have been followed, subject lo any material dèpartures disclosed
and explained in thè financial slatemenls., and
prepare the financlal slalomenls on the going concem basis unless il Is Inappropriate lo presume Iltal the tharity
wlll continue in operation.
The Ttuslae is responsible for keeping sufficient a¢￿Unting records that disclose with reasonablé accuracy at any
lime the financial position of Ihe charity and enable them lo ensure that the financial slatemenli comply wth the
Charities A¢1 2011, the Charity (Accounls and Reports) Regulalions 2008 and the provisions of the trust deed. They
are also responsible for safeguarding the assets of the charity and hèncè for taking reasonable steps for the
prevention and detection of fiaud and other irregularities.

THE PAWSON COTTAGE HOMES
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEE OF THE PAWSON COTTAGE HOMES
Opinion
We have audiled the financAal statements of The Pawson Coltage Homes Ilhe'charity'l for the year 8nded 31 March
2024 which comprise the statement of financial activities, tho balance sheet and notes lo the financial statèmènts,
including significant accounting policies. The financial reporting fr8tnework that has been applied in Ihelr prep8r8llon
is applicable law and United Kingdom Accounting Standards, induding Financial Rèporting Slandard 1Q12 Th8
Financial Reporting Standard appIl￿b}e Fn Ihe UK and Republic of Irèl&nd (United Kingdom Genefally Accepted
Accounting Practi￿1.
In our opinion, the financial statements..
givé 3 true and fair view ol the stale of the chaTity's affairs as at 31 March 2Q24 and ol ils Incoming resources
and 8pplieAtion of resources, for the year then ended.,
have been properly prepared in accordan¢e with United ￿ngdoM Generally Accepl8d Accounting Practice,.
and
have been prepared in accordan￿ wilh the r8quiraménts of Ihe Charities Act 2Q11.
Basis for oplnion
We conductèd our audit in accordance wlPt International Standards ot) Auditing (UK) {ISAs lu￿) and appli¢ab5e
law. Our responsibilities undei those standards are further described in Ihè Auclifors responsibilities for the audit of
the financial slalern8nts soction of our report. We are independent of the charEty in accordance with the ethical
requirements Ihal are relevant lo our audit ol the financial statements in the UK. including Ihe FRC'S Ethical
Standard, and we have fulfilled our other elhicsl rèsponsibilities in accordance with these requirements. We believe
that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relatÈng lo going eoneèrn
In auditing the financial statements. we have concluded that tha trustee use of the going concein basis of
accounting in the prepaialion of the financial statements is appropriat8.
Based on the worf( we have performéd, w6 have not identified any material uncertainties relating to events or
conditions that. individually or colledively, may cast signtficant doubt on the ¢harily's Ability to continve as a going
concern for a period of al least twelve months frorn when the financial slalemenls are aulhorised for issug.
Olsr responsibilities and the responsibilities of the trustee respect to going concern are de8cribed in the relevant
sections of this report.
other information
The other information comprises the infoTmalion included in the annual report other than th& financial slalemenls
and our audilols report thereon. The Iruslee aTe re$ponsible for the other information contained within the annual
report. Our opinion on the financial statements does not ¢over thé other information and we do not express any form
of assurance conclusion thereon. Our responsibility is lo resd the othef information ané. in doing so, consider
whethèr the other information is m#lerially inconsislenl with the finallcial slalem¢n15 or our knowledge obtained in
the course of the audit, or olhÈrwisè appears to be materially misstaled. If we identify such material inconsistenaes
or apparent material misstatements, we are roquired lo determine wheth8T this gives risa So a material misstatement
in the financial statements themselves. If. based on the work we have performed, wè condud& that there is a
malerial misstatement of this other informal￿n. we are required to report that fact.
We have nothing lo rgport in this regard.
Matters on whlch we are required to rèport hy èxcèption
We have nothing to report in respect of Ihe following malleTS In relation to whieh the Charthes (Accounts and
Reports) Regulations 2008 require us lo report to you il, in our opinion..
the information givÈn in the financial stalements is inconsislenl in any material respecl with the trustee report.,
or
sufficient accounting records have not been kept., or
the finanual statements are not in agreement with the accoun(ino records-. or
we have nol received all the information and explanations we Tequire for our audit.

THE PAWSON COTTAGE HOMES
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEE OF THE PAWSON COTTAGE HOMES
Responsibilities of trustee
As explained more fully in the statement ol Irusloe responsibllitl?s, th¢ Iruslee are responsible for the preporolion of
the financial statements and for being $81isfied that they givo a Iruo and fair view, and for such internal Control as
thé trustèe determine is necessary lo enable the preparation ol financial slÈtements that are free from rnalerial
misstalemenl. whether due to fraud or error. In preparin9 the financial statÉm8nls. the trustee are respomsible for
assessing the charity's abilily to continue as a going COn￿r￿, disclosing, as 2pplicabl8, matters related lo going
concern and using the going concern basis of accounting unless the trustee elther intend 10 cease operations, or
have no realistic allernaliv$ bul lo do SD.
AuditoVs re$ponslbllltles for the audit of the financial statements
We have boon appointed as auditor under section 144 of the Charities Ael 2011 and report in accordan￿ with the
Act and relevant regulations made or having effect Ihereunder.
Our objectives are to obtain reasonablè assurance about whether the financial statements as a whole aro freg frorn
material misstatement. whether due to fraud or ermr, and to issue an auditor's report that includes our opinion.
Reasonable assurance is a high level ol assurallce bul is nol a guar3nlèe Ihal an atsdil conducted in accordan
with ISAS IUKI will always detect a material misslalement when il exists. Misslalements can arise from Iraud or
error and are ttonsiderèd material Èf, individually or in the aggregate. Ihey ￿Uld reasonably bè èxpectéd to infltjence
the econornic decisions of users taken on the basis of these financial slalemenls.
A further doscriplion ol our responsibilities is available on the Financial Reporting Counal's websile at.. htlps'.11
www.frc.org.uklaudilorsresponsibilities. This description forms part of our auditor's ieport.
Extsnt to whlch the audit was consrdèrèd capabl• of datecting irregularities, including fraud
Iiregularities: including fraud, are instancès ol non-eomplianee with laws and ￿gUlations. We design procedures in
line with our responsibililies, outlined above and tsn the Flnancial Reporting Council's website, to delect material
misstalementg in respect of irregularities, induding fraud.
We obtain update our understanding of the entity, its activities, Ils control environmènt, and likely future
developments, including in relation lo the legal and regulatory framework applicable and how the entity is complying
with th8t framework. Baseé on this understanding, we identify and assess the risks of material misslalernenl of the
finan￿al slalements, whether due lo fraud or error. design and perform audit procedures responsive to those risks,
and oblain audit ewdence that is sufficient and appioprisle lo provide a basig for our opinion. This includes
consideialion of the risk of acts by the entity that were contrary lo applicable18ws and regulations, including fraud.
In response to Ihe risk of Irregularities and non-compliance with laws and regulations, Induding frAud, wè dÉsign@d
procedures which included..
Enqulry of management and those charged with govèrnancè around actual and polential liligalion and
claims as well as a¢tual, suspected and alleged fraud..
Reviewing minutes of meetings of those charged with governance,,
Assessing the ex¢ent Df (x)mpliance with the laws and regulations considered lo have a dired material
effect on the financial statements or the oparations of the entily ihrough enquiry and inspection.,
Réviéwing financial slalement disclosures and leslin9 to supporting documentation lo assess compliance
with applicable laws and iegulalions.,
Perfoirning audit work over the risk of managernenl bias 2nd ovèrride of controls, including testing of
journal entries and other adjustments for appropriateness, Èvaluating the business rationale of significant
transactions outside the normal course of business and reviewing accoullling eslitnales for indicators of
potential bias.
ecause of the inherènt limitations of an audit, Ihero is a risk that we will not delecl all irregularities, including those
leading lo 8 material misslalemenl in the financial 51alomenls or non-compliance with regulation. This risk
increases ihe more that ¢ompliance with a law or regulation is removed from thé events and transaotions reflected
in the financial slalemenls, a5 we will be less likely lo become aware of inslanttes of non-eomplianca. The risk of
not delecling & material mlsslatement resulting frorn fraud is higher Eh8n for one resulting from error, as fraud may
Involve Collus￿￿, forgery, intèntional omi&8ions, misrepresentations, or the oveiride of inleTnal control.

THE PAWSON COTTAGE HOMES
INDEPENDENT AUDITOR'S REPORT {CONTINUED)
TO THE TRUSTEE OF THE PAWSON COTTAGE HOMES
other matters
Your attention is drawn lo the fact that the charity has prepared flnancial slalemenls in accordan¢è with"Accounting
and Reporting by Charities.. Slalemenl of Recommended Praolice applicable to charities preparing their accounts in
accoidance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" las
amended) in preference lo the Accounting and Reporting by Charities.. Slalemant of Recommended Practice Issyed
on 1 April 2005 which is refe￿ed to in the exlanl regulations bul has now bèen withdrawn.
This has been done in older for the financial stai&mÉnts lo provide a true and fair view in accordance with current
GènÈr8lly Accepted Accoullling Practice.
Use of our report
This report is made solely lo Ihe charity's trustees, as a body, in accordancè with part 4 of the Charities (AG(x)unts
and Report51 RÈgul3tions 2008. Our audil work has been undertaken so that we mlghl slate to Ihe charilys Iruslees
those matters we are ￿quired to state lo them in an auditor's report and for no other purpose. To the lullest extent
pgrmitled by law. we do not accept or assume responsibility lo anyone other Ihan the charlty and the Gharills
trustéès 8s a body, for our audil WOTk, for this report, or for the opinions we have fomled.
Allson Whalley Isenior Statutory Auditor)
for and on bèhalf of Azets Audlt SeNiGe
27 September 2024
Chartered Accountants
ststutory Auditor
Carlloll Hous8
Grammar School Street
Bradford
BD14NS
Azets Audit Services is eligible for appointment as auditor tsf thé charity by irirtue of ils eligibility for appointment as
auditor of a company under section 1212 of the Companies Act 2006.

THE PAWSON COTTAGE HOMES
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestrlctsd Unrestricted
funds
funds
42 Months to15 Months to
31 March
31 Mareh
2024
2023
Notes
Income from:
Charitable activ¢lios income
42,127
49,842
Ex
enditure on:
Charitable activilies expenditure
40,179
40,684
Net income for the yearl
Net movement in funds
f,948
9,158
Fund balances as 811 January 2022 IpTior period 1 January 2021)
452,748
443,590
Fund balances as at 31 lthlarch 2023 (prior period 31 December 211
454,696
452.748
The slalemenl of finanaal activ(ties includes all gains and losse6 recognlsed in the year.
All income and expendilurtr dérive frorn continuing adlvilies.

THE PAWSON COTTAGE HOMES
BALANCE SHEET
AS Af31 MARCH 2024
2024
2023
Notey
Fixed assets
T8ngibl¢ assets
569,225
566.927
Currenl assets
Debtors
Cash al bank and in hand
qo
22,093
6,419
1,288
27.004
28,512
28,292
Creditors: amounts falling due within
one year
12
{9,140)
17,9881
Nel current assets
19,372
20,304
Total assets less current liabilities
588,597
589,231
Creditor6: amoutrts fAlling duè aftèr
more than one year
13
1133,9011
1136.4831
N&t assets
454,696
452,748
Ineomè funds
Unrestricted funds
454,696
452,748
454,696
452,748
Thefi
neial siatamenls were
proved by the Trustee on 27 September 2024
Abbeyfield the Dales Limited
Trusteè

THE PAWSON COTTAGE HOMES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
Charity infomiatlon
The Pawson Collage Homes is an unincorporated charity registered in England and Wales.
1.1 Accounting convention
The accounts have been prepared in accordance with the charity's Trust deed, the Charities Act 2011 and
°Accounling Reporting by Gharilies.. Slalemenl of Recommended Piactice applicable lo charities
Preparing their ac¢ounts in a￿ordanCe with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021" {as arnended lor accounting periods commencsng frorn 1 January 20161. Th&
charity is a Publio Benefit Enlily as defined by FRS 102.
The charity has tsken 8dvanl8ge ol the prowsions in th6 SORP for charities applying FRS 102 Updale
Bulletin 1 not lo prepare a Statement of Cash Flows.
The financial statements have departed from Ihe Charities (Accounts and Reports) Regulations 2008 only lo
the exlonl rfsquired lo provide a true and fair wew. This departure has involved following Ihe Slalement of
Rewrnmended Pradice for Gharilies applying FRS 102 r*her than the version of the Slatemenl of
Recornmended Practice which is iefetred to in the Regulations bul which has since been withdrawn.
The financial statements are prepared in sterling, whid) is the lunotional currency of thB chaTity. Monetary
amounts in thès8 financial st8t8mènts are rounded to the nearest £.
The financi¥l sialemenls have been prepared under the hlslorlcal cost convenllon. The prfndpal ac¢ounling
poliaes adopted are sel oul below.
Thes8 finan¢lal stalem¢nls ¢over the 15 month period from 1 January 2022 to 31 Marth 2023. The
compartive figur85 covgr th8 year ended 31 December 2021. The PBriod end has been changed lo match
that of the coiporate Iruslee.
1.2 Going concern
At the lime of approving the financial slalements, the Iruslee has a reasonable expectation that the charity
has adequale resources to continue in operational existen￿ lor the foreseeable future. Thus the truslee
onlinues lo zdopl Ihe going concern basis of accounting in weparing Ihe financial statements.
1.3 Charitablè funds
Unreslrioled funds are available for use al the discretion of the Iruslee in furthe¥ance of their charitable
objéctives.
Thè Charity hss no restricted or endowrnent funds.
1.4 Incomlng resources
Incom& is recognised when Ihe chaTlty is legally enlilled lo it, afteT any performance conditions have been
m&1, the amounts can be measured reliably and it IS PTobable that income wll be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified
of Ihg donatioii, unless performance conditions require defe¥ral of the amount. Income tax recoverable in
relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacios 3re recognised on receipt or othenmise if the charity has been notified ol an impending distribution,
the amount is known and receipt Is expected. If the amount is not known, the legacy is treated as a contingent
asset.

THE PAWSON COTTAGE HOMES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng policles
IContinLE8dl
1.5 Resources expended
Liabilities are recognised as soon as there is a leg81 or ¢onslrudlve obligation commilling the charily to thè
expenditure. All expenditure is accounted for on an accruals basis and has been classified under headlngs
that aggregate all cosis related to Ihe category.
Charil8ble expendiluro comprises thoso costs incurred by the chaiily in the delivery of its actiwties and
services for ils beneficiaiies. 11 indud85 both costs that can be allor3led direolly lo such adivilies and those
costs of an indiiecl nature necessary lo support them.
1.6 Tangible fixed assets
Tangible fixéd assÈts arè initially measurÈd al cost 8nd subsèquèntly mèasured at cost, net of depreciation
and any impairment losses.
Depreciation is re¢ogniséd so as to write off the cost or valualion of 2SSèts, lèss théir rèsidual v31ues over
their useful lives on the following bases..
Freehold land and buildings
Fixtures and fillings
1Q/o per annum- str21ghl line basis
20°/o sITaighl lino basis
The gain or loss ar¢sing on the di5POsal of an asset is determined as the difforell￿ between the sale
prO￿edS and the carrying value of the asset and is recognised in the slalemenl of financial a¢livilies.
1.7 Impairn7ent of fixed assets
Al each reporting end dale. the ¢harily reviéws thé e2rrying amounts of its (angiblè assèts to d&temina
whether (here is any indication th81 those assets have suffered an imp8irment loss. If 8ny such indication
exists, the recoverable amount of the 8sset Is eslimaled in order to determine the exlenl of the impairment
loss lif any).
1.8 Cash and Cash gquivalents
Cash and cash equivalents inolude cash in h3nd, deposrf(s hÈld al call with banks, olh8r short-18rm liquid
investments wilh original maturities of three months or less.
1.9 Financial instrumènts
Tho charity hès elected to apply the PTovisions of Section 11 'Basic Finan(ial Instrumenls. and Section 12
'Olher FinanGial Instruments Issues, of FRS 102 lo all of its finanoial instruments.
Financial instruments arè rècognisèd in the eharily's balance sheèt when the charity bÈeomès party to the
eonlractual prowsions of the inslrumenl.
Basie flnarteial èssets
8asic financial assets, which include debtors and cash and bank balances, a￿ initially measured at
Iransaollon prl¢e including transaction costs and are subsequently carried al amortised cost using the
effective interest method unlèss the arrangement Constitutes a financing transaction. where the transaction is
measured at the presènt value of the future receipts discounted at a mark&t rate of interest. Financial assets
dassified as receivable wilhln one year are not amortised.
10-

THE PAWSON COTTAGE HOMES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
Icontinuedl
Basle financial liabilities
Basic financial liabilities, including creditors and bank loans, are initially r&wgnisÈd at trans8Ction price unless
the arrangement constilules a financing transaction, where the debt illslrument Is Ine8sured al the present
value of thé futuré payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are Subsequent￿ carr?ed al arnortised cost, using the 9ffeclive Interest rate method.
Trade credilors are obligations to Pay for goods or seNices Ihal have been acquired in the ¢xdinary coursè of
operations fmm suppliers. Amounts payable are classified as current liabilities il payment is due within one
year or less. 11 not, they arè prasènl6d as non-eurrent liabilities. Trade creditors are reGognised inilially al
transa¢tion pricè and subsèquéntly mèasured at amortised cost using the effective interest method.
Dérécognilk)n of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations èxpirè Dr ar8 discharged or
Cancelled.
Critical a¢countirtg èstlmatÉs and judgèments
In tha application of the chaiily's acGounling policies. the trustee is required lo mak8 judgernents. eslimales
2nd assumptions about the carrwng arnounl ol assets and liabililies that are not readily apparent from other
sources. The eslimales and assoaated assumptions are based on historical experien￿ and other factors that
are considered lo be r81gvanl. Actual Tesulls may differ from these estimates.
The estimates and underlytng assumptions aré revlewèd on an ongoing basis. Revisions to accounting
estimates are recognised in Ihe period in which the estimate is rèvisÉd wherè thè rèwsion affects only that
period, or in the period of Ihe revision and future periods where the revision affects both curienl and future
periods.
Charitable activities income
2024
2023
Maintenance charges
42,127
49,842
11

THE PAWSON COTTAGE HOMES
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Charltabl8 actlvltlés èxp6ndltur•
2024
2023
Depreciation and impairmÈnl
Establishment costs
Repairs and maintenance
Subscriptions and donations
Legal and professional
6,902
5,432
4,848
282
7,310
7.750
4.738
8,539
236
6.420
24.774
27,883
Share Llf govemance eosls (see note 51
15,4Q5
13.Q01
40,179
40.684
Support costs
Support Governance
costs
costs
2024
2023
Bank charges
Loxn inler@sl paid
41
12.364
41
12,364
50
10,251
Audit fees
3,000
3,0
2,700
15,405
15,405
13,001
Analysed between
Char*lable aclivilies
15,405
1 S,4()5
13,001
All 5UPPOrt costs are allocated to the one charilablo aclivily.
During the P8Tiod £3.00012023 £2.7001 was paid lo the auditor in respect of audit fees.
Trusts•
During the perlod management ¢h8rues of £5,975 {2023 £5,718) were paid lo Abbeyfield The Dales, the
tharily's sole trustee.
Employees
There wÈra no employees duTing the current or prior year.
12

THE PAWSON COTTAGE HOMES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Taxation
The ¢harlly is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section
252 of the Taxationol Chargèable GainsAct 1992 to Ihe extent thal these afe applied lo its charitable objecls.
Tangible fixed assets
Fr00hold land Flxtures and
and bvlldlno8
fltllngs
Total
Cost
At 1 April 2023
Additions
619,962
619.962
7.200
7,200
Al 31 March 2024
619.962
7,200
627.162
Depreciation and impalrment
Al l April 2023
Depreciation charged in ihe year
51,035
6,200
51,035
6,902
702
Al 31 March 2024
57,235
702
S7,937
Carrying amount
At 31 March 2024
562,727
6.498
569.225
Al 31 March 2023
568,927
568.927
10 Debtors
2024
2023
Amounts falling due wlthin one year:
Trade debtors
Amounts owed by conneded company
Prepayments and acerued income
445
18,931
2,717
439
849
22,093
1,288
13-

THE PAWSON COTTAGE HOMES
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
11 Loans aftd overdrafts
2024
2023
Bank loans
136.516
139,131
Payable within one year
Payable after one year
2,615
133,901
2,648
136,483
Amounts induded above which lall due after fivè y&ars'.
Payabk by instalmenls
1120,f 351
123,￿6
The long-term loans are secured by fixed charges over the freehold property.
12 Credltors: amounts falling due wlthln one yaar
2024
2023
Notes
Bank loans
Trade eredilors
Other creditors
A￿rual5
11
2,615
3,525
2.648
1,209
211
3,920
3,01
9,140
7,988
3 Créditors.. amounts falllng due after more than one year
2024
2023
Notes
Bank loans
133,90f
136,483
14 R41atsd party transactlons
During the period the Charity paid £5,975 {2023 £5,718) in management tharges lo Abbeyfield The Dales
Limited, the charity's Sole trustee. Al the yoai end the charity was owed £18,931 12023-1£21111 by Abbéyfield
The Dales Lim(ted.
14-