Registered Charity Number: 226799
SALTERS, COMPANY CHARITIES OF NICHOLAS AND BEAMOND
ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2025

SALTERS. COMPANY CHARrriES OF NICHOLAS AND BEAMOND
CONTENTS
Page
Trustee and advisors
Tr￿Slee report
Independent auditor5, report
S¢aternent of financial activities
Balan￿ Sheet
Notes lo the financial statements
9-13

SALTERS? COMPANY CHARTTIES OF MCHOLAS AND BEAMOND
TRusfEE AND ADVtSORS
FOR THE YEAR ENDED 30 JUNE 21125
Trustee
The Master, Wardens and Commonalty of the Art or Mistery of
Salters, London
M•ster
Mr AS Mcmurtrie
Upp¢r W*rde
The Lord Rockley
Second Wirdell
Mr J F Stebbing
BAnker8
Lloyds Bank plc
Threadneedle Street. London
Solicito
Pinsent Masons LLP
London
Investment Manager
Newton Investment M8nagemeni Limiied
London
Audlton
S8ffery LLP
71 Queen Victoria Street
London
BC4V 4BE
Trustee's power of lllvestment
The Trustee's power5 of investment are governed by a Scherne of
the Charity Commissioner5 sealed on l February 1963 with a
supplemental order s￿led on 14 June 1996
Clerk to tbe Trnstee
Mr TD Smith
Enquiries about the Charity should be addressed to
Mr TD Smith
The Salters, Company
Saliers, Hall
4 London Wall Place
London
EC2Y 5DE
Registered Cbarity No.
226799
Date of re8i5tr*tio
5 (ktober 1993

SALTEILS? COMPANY CHARITIES OF NICHOLAS AND BEAMOND
REPORT OF THE TRusfEE
FOR THE YEAR EI¥DED 30 JUIYE 2025
The Trustee presents its report for the y¢ar ended 30 June 2025.
Trusttt
The Trustee is apFoinled and serve5 in accordance with the frmis of the Trust Deed. The Tru￿te meels to discuss
Salters, Cornpany Charities of Nicholos and B¢8mond matters at leASt twice a year, eIt￿r as the S￿le[s, Court or an
appointed sub-committee.
Trustee and advisors
The name5 of the Trustee and ils ￿VIsorS are shown on the preceding page.
ststement of Trustee responslbili¢ies
The Trustee is responsible for preparing the Report of the Trustees and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards {Uniled Kingdom Generally Accepted Accounting
Practice).
The law applicable to charities in England & Wales requires th¢ TrLLStee lo prepare financial statements for each
financial year which give a true and fair view of the stale of affairs of the Charity and of the incorning resources and
application of resources of th¢ Charity for that period. In preparing these financial statem¢nls, the Tnjsiee is reqUI￿d
lo:
select suitable accounting policies ond then apply them consistently.
observe the methods and principles in the Charilies SOIIP (Siatement of Recommended Practice);
make judgements and estimate5 that are reasonable and prudent.
st&te whether applicable a¢¢ounting standards have been followed, subject lo any mal¢rial d¢p8rtures disclosed
and explained in the financial statemenis; and
prepare the fina￿la1 statements on the goingconcern basis unless it 15 inappropriate lo presume that the Charity
will continue as a going concern.
The Trustee is Te5TM)nsible for keeping proper accounting records which disclose with reasonable accuracy at any
time the financial position of the Charity and to enable it lo ensure that the financial slatemenls comply wilh the
Charities Act 2011. the Ch8rity (Account5 and Reports) Regulations 2008 and the provisions of the Trust deed. It is
also responsible for the prevention and detection of fraud and other irregularities.
The Chlrily
The A1rn5houses originally comprised six houses, fornicrly in Bread Street, aftenvards in Saliers, Court, Bow Lane,
founded by the Will of Thomas Beamond, 1455, and twelve houses, fomierly in Monk Street, founded by the Will of
Sir Ambrose Nicholas, Kt.. 1578. Eightecn house5 were built at Salters, Gardens. Church Road, Warford in 1863.
These have now be¢n Converted into 39 residential units of differing sizes.
A further eight houses were built ai
Warford in 1974, thus currenlly totalling 47 residential units. The Charities of Nicholas and Beamond, with numerous
subsidiary endowm¢n¢s, were consolidated in 1924 by Order of the Charity Commissioners. The regulation of the
Charitie5 is governed by a Scheme sealed on 16 Ociober 1974. as modified by a Scheme sealed on 5 October 1993
with a supplemental order sealed on 14 June 1996.
The Charity sold a long-l¢a5ehold to the Warden Housing Asso¢iation for 125 years from 1992.
Investment powersj pollcy *nd performance
The Trusttt's investment powers are goyemed by the Trust Deed, which perniitS the Charity's funds to be invesied in
any security listed on the London Sto¢k Ex¢hange.
The policy is to produce the optimum total return from income or capital, whichever is the more effective in the
prevailing conditions.
The Charity's investmems have continued to be managed by the Charity's investment manager in Confomiily with
the ch￿Ity'S policy and (he Trust Deed.
The value of the portfolio increased during the year, net of purch&ses, by 3.90/
Key Personnel
The Charity's key personnel and d¢¢ision makers ar¢ the Court of the Salters, Company acting for the CoTnpany as
Trustee and the Clerk lo the Trustee. They did not receive remuneration.

SALTERS, COMPANY CHARITIES OF NICHOLAS AND BEAMOND
REPORT OF THE TRUSTEE (continued)
FOR THE YEAR ENDED 30 JUNE 2025
Principal risks and uncertainties
The Trustee considers there are no material risks or uncertainiies about the Charity's ability to ￿ntinUe as a going
concem due to th¢ value of the total Charity funds ar the y¢ar-end.
The Trustee has &sses5ed the major risks to which Ihe Charity is exws& in particular those related to the operations
and finances of the Almshouses. These have been addressed by (a) leasing the Almshouses to the Warden Housin
Associalion (now Home Group Limited a regisiered society underthe Co-operative and Community Benefit Societies
Act 2014 (registered number 2298 IR)) lo manage their operation (b) the long-lemi maintenance of the building a55ets
and Ic) continuing to grow the endowment of the Charity. To address the maintenance risk a quinquennial survey
was ¢ommissioned during 2019, ils findings being used to ensure Home Group is maintaining the asset appropriaiely.
Objeelives and aims of the Charity
Following the sale on l January 1992 of a 125 years lease of the Salters, Gardens site to Ward¢n Housing Association
in return for a lump sum premium of £225,000 and retention of the righi to nominate residents to a minimum of 12
units of a¢¢ommodation {noTnination rights were transferred to the le&seholder in 20101, the income of the Charities
exceeded that which wa5 needed to fulfil the princip81 objective set out in the Scheme, namely to apply the income
for the b¢nefi1 of the almspeople or of any of them in such manner as the Trustee ihinks fit from lime to time.
The Scheme allows that. if in any year the income of the Charities cannot be applied for the benefit of the almshouse5
and their residents. it may be applied in one or more of th¢ following ways..
for the benefit of the almshouses belonging io Jame5 Smith's Almshouse Chariiy in the Royal Borough of
Wind50r and Maidenhead, in the Royal County of Berkshire and the residents Ihereof;
for the relief of poor members of the Saliers, Cornpany:
for the relief of IM￿r people in Greater London.
A¢¢lvllle$ of tbe ChArlty
In The current year a donation of £30,000 (2024.. £25,000} was made lo the Salters, Charitable Foundation. At 30
June 2025 there were 13 residents. occupying 12 almshouses (2024.. 13 residents occupying 12 almshouses).
Publ1¢ beneflt
The Trustee has referred to the guidance contained in the Charity Commission's genernl guidance on public benefit
when r¢vi¢wing the aims and obje¢lives and in planning future activities. In particular the Trustee con5ider5 how
planned activities will contribute to the aims and objectives it has sel. The Trustee consider ihe current activities
deliver public benefit. Details of the activities are given earlier in this report.
Finan¢io1 po$ltloD Merves polley of the Chgrlty
Net gain before investment gains was £5,196 (2024.. £9.577). This net expenditure combined with a gain on
investments of £101.249 (2024- £206.777) led lo a gain in value of the pemanenl endowment and unrestricted fund5
of £106,445 (2024.. £216,354).
li is the Trustee's intention to hold reserves ex¢luding the endowment equal lo at leost one year'5 expenditure. At 30
June 2025 unreslricied reserves are £86,478 (2024-. £77,579). Expcnditur¢ in the current year was £52.457 (2024:
£47.000). The Trnstee will aim to hold this level of reserves over the medium temi.
Future planB
The Trustee will continue ¢0 meet th¢ objective and aim of the charity whi¢h is to apply the income of the Charity
for the benefit of the almspeople of the Charity or any of them in such a tnanner as th¢ Trustee thinks fit from tiTn¢
to time. working in partnership with Warden Housing Association (Home Group Lid) and by pursuing their rurrent
investment strate&Y and policies for the distribution of surplus resources for the poor of Greater London.
For and o
beh&lf of Salters, Company Charities of Nicholas and Beamond on 30th Ociober 2025.
Mcmurtrie
The Lord Rockley
Upper Warden
For the TrLL8tee
&ster
For the Trustee
Clerk
rusiee

SALTERS, COMPANY CHARITIES OF NtCHOLAS AND BEAMOND
INDEPEfqDENT AUDITORS, REPORT TO THE TRUSTEE
FOR THE YEAR ENDED 30 JUNK 2025
Opinio
We have audited the financial statements of the Salters, Company Charities of Nicholas and Beamond for the year
ended 30 June 2025, which comprise the Sialernent of Financial Activities, the Balance Sheet and notes lo the
financial statements. including a summary of significant accounting policies. The financial reporting fratnework
Ihal has been applied in their preparation is applicable law and United Kingdom Accounting Stsndards, including
Financial RetM)rting Standard 102, the Financia] Rewrting Standard applicable in the UK and Republic of Ireland
(United Kingdom Generally Accepted A¢¢ounling Pwtice).
In our opinion the financial Slatemenls..
give & true and fair view of the state of the charity's affair5 as at 30 June 2025 and of its Incoming resources and
application of resources for the year then ended,.
have been properly prepared in accordan¢e wilh unit￿ Kingdom Gen¢r8lly Accepied Accountin8 Practice:
and
have been prepared in accordance with the requirements of the Charitie5 Act 2011.
sls for opinion
We conducted our audit in accordance with International Stand￿ds on Auditing (UK) (ISAS {UKI) and applicable
law. Our responsibilities under tIK)se standard5 are further described in the Auditor'5 responsibilities for the audit
of ihe financial stateTnents section of our report. W¢ are independent of the ch￿lty in accordance wilh the ethical
requirernents that are relevAni to our audii of the financial statements in the UK. including the FRC'S Ethical
Standard, and we have fulfilled our other ethical re5ponsibililies in accordanc¢ with these requirements. We believe
thai the audit evidence we have obtained is sufticient and appropriate to provide a basis for our opinion.
Con¢lu8loD relatlng to gOlll8 concern
In auditing the financial statements. we have concl￿￿ed ihat the trustee'5 use of th¢ goinE ¢on¢em basis of
accounting in the preparation of ihe financial statemenis is appropriate.
Based on the work we have perfomled, we have not identified any material uncertainties relaling io events or
conditions that, individually or ¢ollectively, may cast significant doubt on Ihe Charity's ability lo continue a
going ¢oneern for a period of al leost twelve months from when the financial slaternenls are authorised for issue.
Our responsibilities and the responsibilities ofthe trustee with r¢spe¢l to going concern are described in the relevant
s¢¢tions of this report.
Other Inforn)atlon
The trustee is responsible for the other inf0m￿Lon. The other information comprises the inforniation included in
the annual report, other than the financial stalements and our auditor's report Ihereon. Our opinion on the financial
statements does not Cover the other infomiation and, exc¢pt lo the extent Otherwi￿ explicitly slated in our report.
we do not express any forrn of assurance ¢onclusion thereon.
Our r¢spon5ibility is to read the other infomiation and. in doing so. consider whether the other inforniation is
materially in¢ons1Stent with the financial statements or our knowledge obtained in the course of the audit or
otherwise appear5 to be materially misstated. If we identify such material inconsisl¢n¢ies or apparent material
misstat¢ments, we are required to d￿ern]Ine whether this giv¢s rise to a material misswement in the financial
statements themselves. If, based on the work we hav¢ performed, we conclude that ￿re is a muierial misstatement
of this other information. w¢ are Tequired to re￿Irt that fact.
We have nothing to report in this regard-

SALTERS, COMPANY CHARITIES OF NICHOLAS AND BEAMOND
tNDEPENDEiYf AUDITORS, REPORT TO THE TRUSTEE (¢ontlllued)
FOR THE YEAR ENDED 30 JUNE 2025
Matters on which Jve are required ¢0 report by ¢x¢eption
We have nothing to report in respect of the following matters in relation to which the Charities {A¢¢ounts and
Reports) Regulations 2008 require us to report to you if, in our opinion-
the inforniation given in the Trustee's Annual Rew)rt is inconsistent in any material respect with
the fiDancial statements. or
the Charity has not kept sufficient accounting records. or
the financial stslements are not in agreemeni with the accounting records and returns. or
we have not received all the infomation and explanations we require for our audil.
RespoDsibilitie5 of trustet
As explained more fully in the Tnjstee's Responsibilities Statement set out on page 2, the trustee is responsible
for the preparation of the financial stalements and for being satisfied that they give a true and fair view, and for
such internal control as the trustee deterniines is necessary to enable the preparation of financial statements that
are free from materi&l rnissratem¢nt. whether due lo fraud or error.
In preparing the financial slalemenls, the trustee is responsible for assessing the chariiy's ability to conlinue as a
going concern, disclosiD& as applicable, matters related lo going concern and using th¢ going concern basis of
accounting unless Ihe trustee either intends to liquidate the charity or to cease op¢ralions, or have no realistic
alternative but io do so.
Audltor'8 respDn8ibilltles for the audi¢ of the fln•Tr¢lAI 81glements
We have been appointed as auditors under the Charities Act 201 l and report in a¢¢ordan¢¢ with regulations made
under that Act.
Our objeciives are lo obtain reasonable assurance about whether the finanLial sialements &s a whole are free from
material misslalemenis. whether due to fraud or error, and io issue an auditorfs re￿rt that includes our opinion.
Reasonable assurance is a high level of assurance, blrt is noi a guaranlee ihat an a￿lIt conducted in accordan¢e
with ISAS (UK) will always detect a material rnisstatement when li exists. Misstatements can arise from fraud or
error and are considered material if, individually or in the a8gregat¢, they could reasonably be expected to
influence the e¢onomi¢ decisions of user$ taken on the bmsis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures
in line with our responsibilities, outlined above. to detect material misstatements in respect of irregularities,
including frdud. The specific procedures forthi5 ¢ngag¢ment and the extent lo which these arecapable of deiecling
irregularities, includin8 fraud are detailed b¢low.
Identifying and 14sessing risks relaied io irregularities:
We assessed ihe susceptibilily of the Charity's financial statements to material misstatement and how fraud might
occur, including through discussions with representatives of the trustee, discussions within our audit team planning
meetin& updating our record of internal controls and ensuring ihesc controls operated as intended. We evaluated
tx)ssible inceniives and opportunili¢s for fraudulent manipulation of the finan¢ial ststements. We identified laws
and regulalions that are of significance in the contexl of the Charity by discussion with representative5 of th¢
trustee and updating our undeTStanding of the sector in which the Charity operate5.
Laws and regulations of direct significance in the context of the Charity include the Charilies Act 2011, the
Charities (A¢counls and Reports) Regulations 2008 and guidan¢¢ issued by the Charity Commission for England
and Wales.
Audit response to risk identified-
We considered the extent of compliance wi(h these laws and regulations &s part of our audit procedures on the
lai¢d financial statement item5 including a review of financial statement disc105ures. We reviewed the Charity's
r¢cords of breaches of laws and regulations, minutes of meetings and Correspondence with relevant authorities to
identify tx)tential material Tlli551atem¢nts arising. We discussed the Charity'5 poli¢ses and procedures for
compliance with laws and regulalions with members of ma￿agement responsible for compli3fflce.

SALTERS, COMPANY CHARITIES OF NICHOLAS AND BEAMOLYD
INDEPENDENT AUDITORS. REPORT TO THE TRUSTEE (eoD¢lnued)
FOR THE YEAIi ENDED 30 JUNE 2025
During the p18nning meeting with audit team, the engagement partner drew attention to the key areas which
might involve non-compliance wilh laws and regulations or fraud. We enquired of managetnent whether they w¢re
aware of any instances of non-compliance with laws and regulations or knowledge of any aclual. stLspected or
alleged fraud. We address¢d the risk of fraud through tnanagement override of controls by testing the
approprialettess of journal ¢nlries and identifying any significant transactions that were unusual or outside the
nornial course of business. We assessed whether judgeTnents made in making accounting estimates gave rise ￿ a
possible indication of management bias. At the completion stage of the audit, the engagement partner's review
in¢luded ensuring that th¢ ieam had approached their work with appropriate professional scepticism and thus the
capacity to identify non-compliance with laws and r¢8ulaiions and fraud.
There are inhereni limitations in the audit procedures described above and the further remov¢d non-compliance
with laws and r¢gulalions is from the events and Iransaclions reflect¢d in the financial statements, the less likely
we would become aware of it. A150. the risk of not detecting a material misstatement due to fraud is higher than
the risk of not detecting one resulting from error. as fraud may involve deliberate concealm¢nt by. for example,
forgery or intentional misrepresentstions, or through collusion.
A further d¢scriplion of our responsibilities for the audit of the financial statements 15 located on the Financiai
Reporting Council's websiie at- www.frc,org.ukJauditorsresponsibilities. This description fomis part of our
auditor's report.
U* of our report
This report is made solely to the charity's tTusle¢, 85 a body. in accordance with part 4 of the Charities (Account$
and Reports) Regulations 2008. Our audit work has been undertaken so that we might slate to the trustee those
matters we are required to state to them in an auditors, r¢port and for no other purpose. To the fullest extent
per￿illed by law. we do not acc¢pl or assume responsibility to anyone other than the charity and ihe ITUStees &8 a
body, for our audit work. for this report, or for the opinions we have fomed.
Saffery LLP
Ststutory Auditors
71 Qu¢en Victoria Street, London. EC4V 4BE
Saffery LLP is eligible to art as an auditor in tern)s of section 1212 of the Companies Act 2(M)6 and consequently
to a¢t as the auditor of a registered charity.

SALTERS, COMPANY CHARITIES OF NICHOLAS AND BEAMOND
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 JUNE 2025
Designated
Fund:
ExtrA
Permanent
Ordinary tndowment
Rep¥lr
nd
2025
TotAI
fyndj
2024
Total
furtds
Unrestrteted
fuDds
Notes
Income from:
Investments
56.701
952
57,653
56,577
To¢AI income
952
57.653
Expendlture on:
Charilable activities
Grants made
Running Almshouses
Other
30.IKK)
19.793
30,000
19,793
2,664
25.0(N)
19.421
2.579
Tot*1 expemdlture
Net IDcome before InveJtmen¢
4.244
2.147
952
1,723
5.196
101,249
9.577
206,777
Net investment gain
Net Income and Det movem¢Dt of
fund$
97,379
6.391
2,675
97,379
106.445
216,354
RecoDclll*tlon of fund8
Funds at l July 2024
44.321 2.586.084
2 707 984
2491630
Fundj 4130 JuDe 2025
46.996 2.683.463
2814429
2 707 984
All of the above results derive from continuing activities of the Charity.
There are no reCo￿Lsed gains and losses other than those reported above.
Notes I to 9 forni part of these financial statements.

SALTERS, COMPANY CHARITIES OF NICHOLAS AND BEAMOND
BALANCE SHEET
AS AT 30 JUNE 2025
Notes
2025
2024
Fixed assels
Tangible assets
Investhients
Tol81 fixed asyets
81,783
2.705,951
2.787,734
81,783
2,604.702
2,686,485
Current assets
Sundry debtor5
Cash al bank
Tot41 current Amets
Current Ilabllltles
Creditors
13,942
19.888
33,830
12.757
16.072
28.829
Net turr¢Dt 8sJetsl(Ilabllltles)
26.695
21.499
Ne¢ &85ets
2 814 429
2.707,984
The funds ofthe Charlty
Unrestricted funds
Designated funds
Pellnanenl endowment fund
Totsl Charity fuDd8
83.970
46,996
2 683 463
2.814,429
77,579
44,321
2 586 084
2,707,984
The financial sta¢ements on pages 7 to 13 were approved by the TrLL5tee on 30th October 2025
Mr
Master
For ihe Trustee
cMurtTi¢
The Lord Rockley
UpFer Warden
For the Tr￿te¢
Clerk t
lee
The notes I to 9 forni part of these financia15tatements.

SALTERS? COMPANY CHARITIES OF NICHOLAS AND BEAMOND
NOTES TO THE FINANCIAL STATEMEIYTS
FOR THE YEAR ENDED 30 JUNE 2025
A¢counting policies
l. l Aecountlng convention
The accounts have been prep￿ed under the hislorical cost ¢onvention with items re¢ognised at cost or
irAnsaction value unless otherwise stated in the relevant notels) to these accounts. Th¢ ac¢ounts have been
prepared in accordance with the'statement of Recommended Practice: Accounting and Reporting by Charities
preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic
of Ireland (FRS 102) (2nd edition) and the Charities Act 2011.
The financial statements have been prepared to give a true and fair view and have departed from the Charities
(Accounts and Rewrts) Regulations 2008 only to the extent required to provide a true and fair view. This
departure has involved following the SORP rather than Accounting and Reporting by Charities.. Staiemenl of
Recommended Practice {r¢vised 2005) which has been withdrawn.
The financial statemenrs are prepared in pounds sterlin& which 15 the functional CUTTen¢y of the Charity.
Monetary amounts in these financial stat¢ments are rounded to the nearest £.
The Charity constitutes a public benefit entity defined by FRS 102.
The Trustee ¢onsideTS th¢re are malerial uncertainties about the Charity's ability io continue &$ a going
concem due to the value of the total Chariiy funds al the year-end.
1.2 Turnover
Tumover represents investmenl income.
1.3 Flxed A98tts
Th¢ freehold housing land & buildin8S is stated at cost. No depreciation has been Charged on the basis that il
would be immaterial. As a result the freehold properties ￿e subjected to impairnient reviews at the end of each
reporting period.
1.4 Investment Income
Investment income is credited on an a¢¢rua15 basis.
1.5 Repairs
Following ihe grant of VI 125 year lease to Warden Housing Asso¢iation of the Almshouses following
redevelopment, the Chariiy Commission has agreed that no furth¢r annual contributioi)s will be made to ihe
extraordinary repoirs fiind. The extraordinary repairs fund is being retained and both this and ihe general lund
may be added to in future years at the discretion of the Truste¢.
1.6 Fund aceountlng
For the purposes of these financial statements, funds have been segregated into..
Being ￿Mian¢￿t ¢ndowment funds which relate to f￿dS donated where capital is required to retained in
perpetuity and the income is for use by the Trustee in furthering the Charily's objects. Where the Trustee has
right lo utilise the capital these funds are ¢xpendkble endowment and when that right is exercised a transfer is
mad¢ from capital to income.
Income FUT
Where the funds can be exp¢nded at the discretion of the TTusl¢¢. The income fund includes an Extraordinary
Repairs Fund (EORF), which ha8 IKen designated by the Trust¢e for future repairs a[￿ to assess whot repairs
are required.
1.7 1Dve8tments
Investments are stated at market value.

SALTEIi8* COMPANY CHARITIES OF NICHOLAS AND BEAMOND
NOTES TO THE FINANCIAL STATEMEiYrs
FOR THE ITAR ENDED 30 JUNE 2025
A¢¢ouftting Policies (Continued)
1.8 Criti￿[ e$¢lmate8 and judgem¢nts and key sourees of estimation UDeertainty
In the application of the Charity's aecounting ￿liCies, the trustee is requir¢d to make judgetnents, eslimales
and ossumpiions about the carrying amount of &5sets and liabilities that are not readily apparent from other
sources. The estimates are r¢¢ognised in the period in which the estimate is revised where the Tevision affects
only that period. or in the ttri(Kl of the revision and fu￿re peri(MJs where the revision affects both cuffent at
future peri(Kts.
1.9 Gifts in kind
Gifts in kind of shares are valued at the amount realised on their disposal.
2 Expendlture
2025
2024
Secondm¢nl charges- The Salte￿, Management Company Limited*
Charitable giving- 8ranl to Che Salters, Charitable Foundation
Audit fee
Miscellan¢ous expenses
Investment managers, fees
Bank charges
19.059
30.000
17,605
25.000
2,579
,495
291
30
355
355
24
* The Salters, Management Company Limited is a subsidiary of The Saliers, Company, the Charity's Trustee.
Employment Infomation
The Charity has no employee5.
The Trustee has noi received either remuneration nor r¢imbursemenl of expenses in this or the preceding period5.
3 Tangible 8ssets- Houslng l*nd and bulldlngs
2025
2024
Cost and net book value al 30 June 2025 and 30 June 2024
Freehold housing land and buildings comprise the Salters, Gardens site and residences. The sil¢ and old
residences are stated at nil cost, while £81.783 repre5ent5 the cost of the bungalows built in 1974.
10

SALTERS, COMPANY CHARITIES OF NICHOLAS AI¥D BEAMOND
NOTES TO THE FINANCL4L STATEL￿EWrs
FOR THE YEAR ENDED JO JUNE 2025
4 Investments
An analysis of the investments attributable io the funds of the Charity is set out ￿lOW-
Capltal
emanent
endowment)
furtd
U*restrleted
fvndy
Tot*1
Stock exchange securities at market va]ue
Dewsits
2,648,441
115
57,375
20
2,705,816
135
30 June 2025
2,648,556
57,395
2.705,951
30 JuDe 2024
2.549.454
55,248
2.604,702
2025
2024
Market value at l July
Addition5
Proceeds
Nel investment gains l (losses)
Marke¢ valu¢ a¢ 30 June
2,604,702
2.397,925
101249
206 777
2705951
2 604 702
Historic cost
1264 880
1.264.880
Investments held at 30 June 2025 considered material in the ¢onlext of the mllrk￿ value of the portfolio are..
Newton Fund Managers Global Growth and Income Fund for Charities
2,705.816
2,604 567
5 Debtors
2025
2024
Prepayments and sundry debtors
12.757
6 Credltors
2025
2024
Other creditors
2,729
2.580
4,750
The Salters, Management Company Lid
7.330

SALTERSY COMPANY CHARrfiES OF NICHOLAS AND BEAMOND
NOTES TO THE FINANCtAL STATEMENrs
FOR THE YEAR ENDED 30 JUNE 2025
7 Net assets anglysed betsveen funds
Capl¢*l
(p¢rnianent
dowment)
fu•d
Unreslricted
fundj
DulgDated
fuDd
Total:
2025
Land ond buildings
Investments
Net currenl assets
81,783
2.601.560
120
2,683.463
81.783
2.705,951
26,695
2,814.429
57,395
46,996
83,970
46,996
PRIOR YEAR: Net auets onllysed
b¢tween funds
C*plt*l
(pemanent
endowrnent)
f•nd
Unrestrlcted
ds
Toial:
2024
fund
Land and buildings
Investments
Net current assets
81.783
2.505.134
833
2,586.084
81,783
2,604,702
21.499
2,707,984
55.247
22,332
77.579
44,321
44,321
8 RelAted party tr4nJac¢lons
Exp¢ndilure for the year includes £19,059 (2024.. £17.605) relatirt8 to recharged employment and
accommodation charges from The Salters, Management Company Ltd. The Saliers, Manag¢ment Company
Ltd is a subsidiary of the Salters, Company. the ChaTity's Trustee. At the year end th¢ Charity owed £4,406
{2024- £4,750) lo The Saliers, Management Comparty Limit¢d.
Salters, Charitable Foundation is an &8s0¢iated charity. During the year the Charity made a grani of £30,(KrtI
(2024.. £25,000) to Salters, Charitable Found￿70n. There were no other related pty transactions during ihe
year.

SALTERS, COMPANY CHARrriEs OF NICHOLAS AND BEAMOND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
9 Sts¢¢ment of FiD*n¢ial Ac¢lvltl¢s for the year ended 30 June 2024
Fll#d..
Extr#
Ordlnary
Rep%ir
Permanent
endowment
rund
2024
Total
nds
Unregtrlcttd
funds
Income from:
Investments
Tot41 Income
ExpeDditure on:
Charitable activities
Grants made
Running Almshouses
Other
1.200
56.577
25,000
19,421
2.579
25,000
19,421
2,579
Tot41 expenditure
Net Ineome before Investment galns
Net invesiment gains
N¢t Income and net movement offvnds
ReeoncillAtlon of funds
Funds at l July 2023
.377
1,200
9.577
206 777
216,354
198.505
198,505
13,032
4.817
2 387 579
2 491630
Fund8 At 30 JuDe 2024
2 586.084
2 707 984