THE PAWSON COTTAGE HOMES ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Charity Registration No. 226439
THE PAWSON COTTAGE HOMES LEGAL AND ADMINISTRATIVE INFORMATION Trustee Abbeyfield the Dalès Limited Charity number 226439 Principal address Grove House 12 Riddings Road LS29 9BF Registèred office Grove House 12 Riddings Road LS29 9BF Auditor Azets Audit Services Carfton House Grammar School Street 8radford BOI 4NS Bankers Bardays Bank PLC Leicester United Kingdom LE87 2BB Unity Trust Bank PIC Nine Brindleyplace 4 Oozells Square Birmingham B1 2HB
THE PAWSON COTTAGE HOMES CONTENTS Pag8 Trustee report Statement of trustee responsibilities Independent audilorfs report Statement of finanaal actiwli8s Balan sheet Notes to the financial statements 9-14
THE PAWSON COTTAGE HOMES TRUSTEE REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Truslee presents ils annual report and finaniial statements for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the finanaal statements and comply with the charity's trust deed. the Charities Act 2011 and "A¢¢ounling and Reporting by Charities.. Staternent of Recommended Practice applicable to charities preparing their accounts in accordance with the Financi81 Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 lefiective 1 January 20191 Objectivès and activities The charity's object is the provision of almshouses for needy and deserving pèople over the age of 65 years with preference to residents of Ilkley. West Yorkshire and lo spinsters and widows in particular. The policie5 adopted in furtheranca of these objects are sel out on pages 9 10 14 of this report and there has been no change in these during the year. The charity is also known as S Pawson Deceased and Susannah Paw50n Tnjst. The TrLJStee has paid due regard to guidance issued by the Charity Gommission in deciding what activities the ch8rily should Ljndertake. Achievements and perfomiance Review of the year Throughout the 12 months ending 31 Maich 2025, Ihe flats continued to achieve high occupancy and continue lo be fvll. The Ttuslee ensures that the flats are maintained to a high standard wrth works during the year relating lo repairs and irnprovèments. We continue lo work towards our pro9ramme ol installirig new boilers across all flats, with another boiler installed in the year. Section 162a of the Gharilies Act 2011 requires charitiès to make a statement regarding fundiaising aciivities. The législation defines fundraising as "soliciting or otherwise procuring money or other property for charitable purposes.. The charity does not activeSy raise funds from the public either directly or wa usa of an agent, accoidingly no such arnounts are presented in the financial statements for the year under rewew. The charity has received no complaints in relation to fundiaising actiffity for the year under review. Given the nature of the funding of the charity the Trustee consider that it remains appropriate not to be volunt8rily bound lo be regulated by the Fundraising Regulator. Financial revièw During the 12 months ending 31 March 2025, the charity generated income of £46.077 12024 - £42,127). all properties were full at the year end and thay are also currenuy full. Total expendilure was £46,51412024- £40,1791. There was a nel oufflow of iesoLJrces for the year of £10012024 - £1,948 nel inflow). The total reserves as at 31 st March 2025 stand at £454.59612024- £454,896).
THE PAWSON COTTAGE HOMES TRUSTEE REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Reserves policy It is the policy of the ¢harity that unreslricled funds which have not been designated for a specific use should be maintained al a level that 15 not less than six month's expenditure. The Trustee consider that reserves at this level will ensure that, in the event of a significant diop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds tnay be raised. This level of reserves has been maintained throughout the year. Risk management The Trustee have assessed the major risks to which the charity is exposed and is satisfied that systems are in place to mrf(igale exposure to the Major risks. Structure, gov•rnance and managèmant The ¢hanty is unincorporated and is governed by the will of Susannah Pawson deceased, dated 7 February 1945, as amended by a scheme daled 17 Oolober 2011 and a resolution dated 25 January 2012. The charity registration number is 226439 and the prinapal Offi is Grove House, 12 Riddings Road, Ilkley LS29 9BF. A corporate Trusteè has been appointed and Changes in Trustee must be approved by the Directors ol Ihis company. Abbeyfield The Dales Limited The Directors of Abbeyfield The Dales Limile¢J are.. A L Hill (Chairl F J Johnson (Resigned 3 M8y 20241 D Smrth (Deputy Chairl M J Cartel l R Hepworth I Pri N Vthitham {Resigned 31 August 2024) R G Rawling T P Carroll P Myers (Resigned 30 May 20251 P G Myers (Resigned 30 May 20251 J Connelly A Massingham IAppointed 31 May 2024 and resigned 18 Novernber 20241 A Hunt IAppointed 31 May 20241 Dame J L Daniel (Appointed 27 September 2024 and resigned 30 July 20251 A Lockhart-mirams (Appointed 25 July 20251 Abbeyfield the Dales Limited Trustee 26 September 2025
THE PAWSON COTTAGE HOMES STATEMENT OF TRUSTEE RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The Tmstee is responsible for preparing tha Truslee Report and the finanaal statements in accordance with applicable law and United Kingdom Aw>unting Standards Iunited Kingdom Generally Accepted Accounting Practice). The law applicable lo charitie5 in England and Wales requires the Trustee to prepare finanaal statements lor each financial year which give a tiue and fair view of the state of affairs of the charily and of the incoming resources and application of resources of the ¢harify for that year. In preparing these financial stalements, the Trustee is required to.. se11 suitable accounting policies and then apply thém consislenlly, observe the methods and principles in the Charrf(ies SORP., make judgements and estimates that are reasonable and prLJdent', state whether applicable accounting standards have been followed, subject lo any material dep8rtures disclosed nd explained in the financial statements., and prepa the financial statements on the going concern basis unless it is inappropriate lo presurne that the charity will continue in operation. The Trustee is responsible for keeping sufficient accounting records that disdose with reasonable accuracy at any time the financial position of the charity and enable it to ensure that the finanaal statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 11 is also iesponsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection ol fraud and other irregularities.
THE PAWSON COTTAGE HOMES INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEE OF THE PAWSON COTTAGE HOMES Opinion We have audrted the financial statements of The Pawson Cottage Homes Ilhe 'charity'l for the year ended 31 March 2025 which comprise the statement of financial activities, the balance sheet and note5 to the fillancial statements. induding significant a¢counling policies. The financial reporting framework that has been applied in their preparation Is applicable law and United Kingdorn Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion. the financial statements.. give a true and fair view of the state of thè charity's affairs 8$ at 31 March 2025 and of its incoming resources 8nd application of resources, for the year then ended". have been properly prepared in accordan with United Kinodom Generally AtpIed Aecounting Practice.. and have bèen prepared in accordance wrth the requirements of Ihe Ch81ities Act 2011. Basis for opinion We conduded our audit in accordance with Intemalional Standards on Auditing (UK) IISAS IUKII and applicable law. Our responsibilities under those standards are further described in Ihe Auditorfs r8sponsibilities for the audil of the financial Statements section of our report. We are IndependeNt of the charity in accordance with the ethical requirements that are relevant lo our audit of the financial statements in the UK, induding the FRC'S Ethical Standard, and we have fulfilled our olher ethical iesponsibililies in accordance with these requirements. We believe that the audil evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concem In 3LJditing the financial statements, we have conduded that the trustee use of the going conrn basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, wé have not identified any material uncertainties relating to events or CondlI0nS that, individually or colledively, may cast significant doubt on the charity's ability to continue as a going concem for a period ol at least Iwelve months from when the finanaal statements are aulhorised for issue. Our responsibilities and the responsibilities of the Trustee with respts¢t to going ¢oncem are described in the relevant sections of this report. Other information The other infomiation comprises the infomalion included in the annual report other than the financial statements and our auditorfs report Ihereon. The Trustee is iesponsible for the other information contained within the annual report. Our opinion on the financial stalemenls does not eover the other inlorrnation and we do not expres5 any form of assurance condusion thereon. Our iesponsibility is to read the other information and. in doing so. consider whether the other information is materially inconsislenl with the financial staterllents or our knowledge oblained in the course ol the audit. or othetwise appeals to be rnaterially misststed. 11 we identify such material inconsistencies or apparent rnalerial misstatements, we are required to delèmine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude Ihal there is a material misstatement of this othei infomation. we are requirad to report that fact. We have nothing to report in this regard. Matters on which wè are requirèd to report by exception We have nothing to report in respect of the following matters in relation to whi¢h the Charthes {Accounls and Reportsl Regulations 2008 require us to report to you if, in our opinion.. the infomation given In the financial statements Is inconsistent in any material respect with the trustee report., or sufficient accounting records have not been kept,. or the financial staternents are not in agreement with the accounting records., or we have not reiVed all the infomalion and explanations we require for our audit.
THE PAWSON COTTAGE HOMES INDEPENDENT AUDITOR'S REPORT {CONTINUEDI TO THE TRUSTEE OF THE PAWSON COTTAGE HOMES Responsibillties of Trustee As explained more fully in the statement of trustee responsibilities. thè Trustee is responsible foi thè preparation of the financial statements and for being sa115fied that they give a true and fair view, and for such internal ¢ontrol as the Trustee determines is necessary to enable the preparation of finaNci81 statements that are free from matèrial misst8tèment, whether due to fraud or error. In preparing the financial statements, the Trustee is responsible for assessing the charity's ability to conb'nue a5 a going concern, disclosing, as applitrAble, matters related to going concern and using the going concem basis of aUntINg unless the Trustee either Intend to cease operations, or have no realisti¢ alternativè but to do so. Audito$ responsibilities for the audlt of the financial statements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in a¢cordance with the Act and relevant iegulations made or having effect Ihereunder. Our objectives are to obtain reasonable assuranc8 about whether the finar)aal statements as a whole are free from mat8rial misstatement, whether due lo fraud or error. and lo issue an auditor's report that indudes our opinion. Reasonable assurance is a high level ol assurance but 15 not a gLJarantee that an audit cL)nducted in ac¢ordan with ISAS IUKI will always deiecl a material misstatement when it exists. Misstatements can arise frorr fraud or error and are considered rnaterial if. individually or in the aggregate, they could reasonably be expected to influen the economic decisions of users taken on the basis of these financial statements. A further description of our respon5ibililies is available on the Finanaal Reporting Council's website at.. https'.11 www.frc.org.uklauditorsresponsibilities. This description foms part of our audito¢s report. Extent to which the audit was conslderèd capable of detecting irregularities, including fraud Iriegularities, illcluding fraud, are inslan¢es of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Finanaal Reporting Counal's website. lo delect material misstatements in respect of irregularities. including fraud. We obtain and update our understanding of the entity. its aetivities, its control environment, and likely fvlure developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding. we identify 3nd assess the risks of material misstatement ol the financial statements, whether due to fraud or eiror, design perform aLJdil procedures responsive to those risks, and obtain audit ewdence that is suffiaent and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, induding fraud, In response to the risk of irregularitiss and non-compliance with laws and regulations. induding fraud, we designed procedures which induded Enouiry of tnanagemenl and those charged with governance around actual and potential litlgation and ¢18ims a5 well 85 actual, 5U5peded and alleged fraud.. Reviewing minutes of meetings of those charged with governance., A55essillg the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the entity through enquiry and inspection., Rewewing financial statement disclosures and testing to supporting documentation to assess complian wVLh applicable laws and regulations", Perfom)ing audit work over the risk of management bias and ovèrrida of controls, including tèsting of Journal entries and other adjustments for appropriateness, evaluating the business rationale of significant Ir8n58ctions outside the nomial course of business and reviewing accounting estimates for indicators of potential bias. Because of the inherent limitations of an audit, Ihere is a risk that we will not detect all irregularities, including those leading to a material misstaternent in the financial statements or non-cornpliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in ihe financial statements. as we will be less likely to be¢ome awarè of instances of non-eompliance. The risk of not detecting a material misstaterment resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, interitional omissions, misreprésèntations, or thè ovèrrida of int8mal control.
THE PAWSON COTTAGE HOMES INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEE OF THE PAWSON COTTAGE HOMES Other matt8rs Your attention 15 drawn to the fact that the charity has prepared financial statements in accordance with "Accounting and Reporting by Gharities.. Statement of Recommended Practice 8pplicable to charities preparing thèir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" las arnendedl in preference to the Ac¢ounting and Reporting by Charities." Statement ol Recommended Practice issued on 1 April 2005 which is referred lo in the extant regulations but has now been withdrawn. This has been done in older for the financial statements to prowde a true and fair view in accordan with ¢urrent Generally Accepted Accounting Practice. Use of our report This report is made solely to the charitys Trustee, as a body, in accordan with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's Trustee Ihose matters we are required to state to them in an audilofs report and for no olher purpose. To the fullest extent pemiilled by law, we do not accept or assume responsibility to anyorie other than the charity and the charity's Trustee as 8 body. for our audit work. foi this report, or for the opinions we have fom)ed. Alison Whalley (Senior Statutory Auditor) for and on behalf of Azets Audit Setvices i..[q I, Chartered Accountants statutory Auditor Carfton House Grammar School Street Bradfoid BD1 4NS Azels Audit Selm$ is eligible for appointment 8$ auditor of the charity by wrtue of ils èligibility 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 2025 Unrestricted Unrestricted funds funds 2025 2024 Notss Income from: Chaiitable activities incom8 Investmènts 46.077 337 42,127 Totsl income 46,414 42,127 Ex enditure on: Charitable actiwties expenditure 46,514 40,179 Nèt lexpenditurellineome for the yearl N•t movement in fund¥ 11001 1,948 Fund balances at 1 Apnl 2024 454,696 452,748 Fund balances at 31 March 202$ 454,596 454,6 The statement of financial aclivilie5 includes all gains and losses rectsani5ed in the year. All income and expendiluie derive from continuing acb'vities.
THE PAWSON COTTAGE HOMES BALANCE SHEET AS Af31 MARCH 2025 2025 2024 Notes Fixed assets Tangible assets 10 563,385 569,225 Current assets Debtors Cash at bank and in hand 11 2.335 10,666 22,093 6,419 13,001 28,512 Crèditors: amounts falling due within onè yèar 13 17,2411 19,1401 Nel current assets 5,780 19,372 Total assets less current Ilabilities 569,145 588,597 reditors-. amounts falling due aftèr more than one yaar 14 1114,5491 1133,9011 Net assets 454,596 454,896 Income funds Unrestricted funds 454,596 454,696 454,596 454.696 The financial statements were approved by the Trustee on 26 September 2025 Abbeyfield the Dales Limited Trustee
THE PAWSON COTTAGE HOMES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policie3 Charlty information The Pawson Cottage Homes is an unincorporated charity registered in England and Wales. 1.1 Accounting cortvantion The accounts have been prepared in accordance with the charity's Trnst deed, the Charities Act 2011 8nd "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. las arnended for accounting periods commen¢ing from 1 January 20161. The charity is a Public Benefit Entty as defined by FRS 102. The charity has taken advaniage of the proirisions in the SORP ft>r charities applying FRS 102 Update Bulletin 1 not to preparè a Statement of Cash Flows. The finanaal statéments have departed from the Chaiilies (Accounts and Reports) Regulations 2008 only to the Èxtent required to provide 8 trLJe and fair view. This départure ha5 involved following the Statement of Recommended Piactice for thariliès applying FRS 102 rather than the version of the Slalemènt of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial statements aré prepared in sterling, which is the functional currency of Ihe charity. Monetary amounts in these financial statements ale rounded to the nearest £. The financial statements have been prepared under the historical cost convention. Thè principal accounting policies adopted are set out below. 1.2 Going concern At the time of appioving the financial statements, the Trustee has a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustee continues to adopt the going concein basis of accounting in preparing the financial stat¢ments. 1.3 Charitsble funds Unrestricted funds are available for use al the discretion of the Tru51ee in furtherance of their charitable objedives. The Charity has T)0 restricted or endowment funds. 1.4 Incoming resources Income is recognised when the charity is legally enlrtled to it, after any performance condltions have been met, the amounts can be measured reliably and it is probable that inc4)me will be reived. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless perfomiance condrftions require deferral of the amount. Income tax ieooverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise rf the charity has been notified tsf an impending distribution. the arnount 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 2025 Accounting policiès Icontinuedl 1.5 ReSoUeS expended Liabilities are recognised as soon as there is a legal or consliuctive obligation comrnitting the charity lo the expenditure. All expenditure is accounted for on an ac¢ruals basis and has been classified under headings that aggregate all costs related to the category. Charitable expenditure comprises those costs in¢urred by the charity in the delivery of its actilieS and services for its benefiaaries. It indudes both costs that can be allocated directly to such activities and Ihtsse costs of an indirect nature necessary to support them. 1.6 Tangible fixed assets Tangible f1xed assets are initially measured at Cost and subsequently measured at cost, nel of depreciation and any impairment losses. Depreaatlon 15 recognised so 8$ to write off the cost or valuation of assets. less their residual values over their useful lives on the following bases.. Freehold land and buildings Fixtures and fittings l°/0 per annurn straight line basis 20¢A straight line basis The gain or loss aiising on the dispasal of an asset is deterTllined as the difference between the Sale proceeds and the carrying value of the assel and is rècognised in Ihe statement of financial activities. 1.7 Impairment of fixed assets At eath reporting end date, the charity reviews the e8rrying amounts of its tangible asset5 to deterrnine whethér there Is any indication that those a55els have suffered an impairment loss. If any such indication exists. the recoverable amount of the asset is estimated in order to determine thè exlenl of the irnpairment loss lif any). 1.8 Cash and cash equivalènts Cash and cash equivalents include cash in hand, deposits held at call with bank5. Other short-term liquid investments with OTigin31 maturities of three months or less. 1.9 Financial instruments The chanty has eleded to appty the provisions of Sedion 11 'B8sic Financial Instrurnents, and Saction 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instrLJments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Basie financial assèts B8sic financial assets, which include debtors and cash and bank balances, are initially measured al tiansaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unles5 the arrangement constitutes a financing transath"on, wheré the transaction is measured at the present value of the future receipts discounted al 8 markel rate of intere51. Financi81 assets dassified a5 receivable within one year are not amortised. 10
THE PAWSON COTTAGE HOMES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Icontinuedl Basic financial liabllities Basic financial liabilities. including creditors and bank loans, are initially recogni5ed al transaction price unless the aTl8ngemenl constilules a financing tiansaction, where the debt instrument is measured at the present value of the future paymellts discounted at a market rale of interest. Financial liabilities classified as payable within one year are not amortlsed. Debt Instruments are subsequently eArried at amortised cost, using the effective interest late method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. 11 not. they are piesented as non-¢urrent liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effedive interest meth(xl. Derecognition of financial liabilitles Financial liabilities are dereoognised when the charity's contractual obligations expire or are discharged or cancelled. Crltical accounting estimates and Judgements In the application ol the charity's accounting poliues. the Trustee is required lo rnake judgements, estimates and assumptions about the carying amount ol assets and liabilities that are not readily appaient from other sources. The eslimales and assoaated assumptions are based on historical 8xperience and other factors that are considered to be relevant. Actua1 results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing b8sis. Revisians to aoUntIng estimates are recognised in the period in which the estimate is revised where the revision affec15 only that period, or in the period ol the revision and future periods where the revision affects both current and future periods. Charitable a¢tlvlties incomè 2025 2024 Maintenance chargès 46.077 42,127 Investsnents Unrestrietad funds Totsl 2025 2024 Interest iecaivable 337
THE PAWSON COTTAGE HOMES NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charitable activities expenditur¥ 2025 2024 Depreaation and impaimient Establishment costs Repairs and maintenance Subscriptions and donations Legal 8nd profession81 7,640 8.722 8,703 346 7.763 6,902 5.432 4.848 282 7.310 31,174 24,774 Share of govemancè costs (see note 61 15.340 15,405 46,514 40.179 SupportC05ts Support Governance costs costs 2025 2024 Bank ¢harges Loan interest paid 116 11,624 116 11,624 41 12,384 Audit fees 3,600 3,600 3,000 15.340 15.340 15,405 Analysed behveen Charitable activities 15,340 15,340 15.405 All support costs are allocated to the one Charitable activity. During the period £3.eoo12024 £3,000) wa5 paid to the auditor in respect of audit fees. Trustee During the period management charges of £6,500 12024 £5,975) were paid to Abbeyfield The Dales, the charity's sole trustee. Employee¥ There were no employees during the current or prior year. 2_
THE PAWSON COTTAGE HOMES NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Taxation The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 01 section 252 of the Taxation of Ghargeable Gains Act 1992 to the extent that these are applied to ils chaiitable objects. 10 Tangible fixed as$8ts FrÉehold land Fixtur88 and and bulldlng5 fittlng5 Total Cost At 1 April 2024 Additions 619,962 7,200 1.800 627,162 1,8LX) At 31 March 2025 619,962 9,000 628.ge2 Deprèclation and impaimient At 1 April 2024 Depreuation charged in the year 57,235 6,200 702 1,440 57,937 7,640 At 31 March 2025 63,435 2,142 65,577 Carrying amount At 31 March 2025 556,527 6,858 563,385 At 31 March 2024 562,727 6.498 569,225 Debtors 202S 2024 Amounts falling due within one year.. Tradè debtors Amounts owed by connected company Prepayments and accrued income 445 18,931 2,717 2.335 2,335 22,093 13-
THE PAWSON COTTAGE HOMES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Loans and overdrafts 2025 2024 Bank108ns 116.470 136,516 Payable within one year Payable after one year 1,921 114,549 2,615 133,901 Amounts included above which fall due after five years.. Payable by instalments 1104,8231 1120,1351 The long-lerrn loans are secured by fixed charges over the freehold property. 13 Creditors-. amounts falling due within one year 2025 2024 Notes Bank loans Trade edItorS Other creditors Aceru8ls 12 1,921 747 973 3,600 2,615 3.525 3,QOO 7,241 9,140 14 Cr&ditors: amounts falling due after more than one year 2025 2024 Notes Bank loans 12 114,549 133.1 15 Relatsd patytransactions Ouring the period the Charity paid £6,500 12Q24 £5,975) in management charges to Abbeyfield The Dalè5 Limited. the charity's sole trustee. At the year end the chgrily owed £973 12024-1£18,93111 lo Abbeyfield The 02165 Limited. 14-