REGISTERED CHARrrY NUMBER: 228 106 OVING ALMSHOUSE TRUST REPORT AND AccouNTS FOR YEAR ENDED 31 DECEMBER 2025 ANTHONY EASTWOOD TREASURER OVING ALMSHOUSE TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 3 1 DECEMBER 2025 structure Govemance and Mana ement Governin document Oving Almshouse Trust was established on 28 January 1969, under a scheme approved by the Charity Commission as an amalgamation of Woods, Almshouses and The Charity of Ellen Charlotte Drewitt. It is governed by a Charity Commission Order of that date, as amended by a resolution of the Trustees on 14 March, 2011, a change approved by the Charity Commission in their note dated 17 September, 2015 and a resolution of the Trustees on 29 February, 2016. On I l January 2018, The Charity Commission approved a change of name to Oving Almshouse Trust. anisation The Trustees as a body are responsible for the administration of the charity. The Trustees meet at least twice a year and at least three members need to be present for their meetings to be quorate. All decisions are brought before the Trustees as a whole and major policy matters are approved in advance of implementation. ointment and Trainin of Trustees The Trustees have reviewed the skills and experience they have and are satisfied that these are sufficient to ensure that the charity is properly run, in accordance with the governing Order and Charity Commission guidance. On appointment, Trustees are required to read the Charity Commission's leaflet on the Responsibility of Trustees and to confirm that they are not disqualified from acting as a trustee. They are supplied with a copy of the governing Order and the most recent set of accounts. Objectfves and Activlties The charity holds, maintains and administers the four almshouses which it owns, in the parish of Oving, for the benefit of the present and future occupants, who are aged or infirm persons of good character and (except in special cases approved by the Charity Commission) are resident in the parish at the time immediately prior to their occupancy or, if the Trustees are not aware of any such candidates for occupancy, are resident within 25 miles of the parish. During the year, the Trustees continued to fulfil these objectives. Publlc Benefit The entire activity of the charity has been and continues to be to provide the benefits as described above to the qualifying classes of beneficiary and the Trustees are satisfied that these are identifiable and clearly defined so as to fulfil the Public Benefit Test required by the Charities Act 2(X)6. Flnanclal Reserve Target A minimum of £40,000 will be held, at all times, allowing a &year resources recovery period following a significant expenditure event. The Trustees are investigating further high-cost projects to improve the domestic comfort of almshouse residents. OVING ALMSHOUSE TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 3 1 DECEMBER 2025 The trustees are pleased to present their report along with the financial statements of the charity for the year from l January 2025 to 31 December 2025. Reference and Admlnistrative Information Charity Number 228106 Trustees The trustees serving during the year were as follows: Anne Bennett Stephen Bennett (Chair) Anthony Eastwood (Treasurer) Neil Linford Alan Smith Tony Barnard Ralph Godfrey Urszula Topp Corres ondence address c/0 Wispers l Briar Close Oving Chichester West Sussex P020 2BY Bankers CAF Bank 25 Kings Hill Kings Hill West Malling Kent ME19 4JQ OVING ALMSHOUSE TRUST TRUSTEES, REPOFU (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Trustees responsible for the accounts The Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice as it relates to unincorporated charities. The balance sheet and income and expenditure account which follow have been prepared from the books, vouchers and information produced and maintained by me and are in accordance therewith. Anthony Eastwood Trustee and Treasurer ,14-]'z(a I confirm that I have reviewed the books, vouchers and information produced to me and that the financial statements are in accordance therewith. Helen Thompson cnKA Reviewing Accountant 2 1 (+tkC 2C)I Income and expenditure account for the year ended 31 December 2025 2025 2024 Income Maintenance contributions received Interest and dividends Advance repayment- N. Smith 23,550 2,678 23,140 2,542 500 Total 26,228 26,182 Expenditure Insurance Repairs & Maintenance Repairs & Maintenance: Gardening NAA Subscription TV licence Bank charges Recognition Gift 1,194 19,673 5,284 275 15 60 25 1,134 5,763 267 15 60 Total 26,526 7,239 Excess of expenditure over income (£298) £18,943 OVING ALMSHOUSE TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Balance Sheet at 31 December 2025 2025 2024 Investments (at current valuation) NAACIF/M&G COIF/CCLA Total Current Assets Bank current account Deposit account Total assets 10,056 45,055 55,111 8,639 43,208 51,847 11,406 22,824 89,341 14,354 22,391 88,592 Total net assets 89,341 88,592 Capital Fund Opening balance Adjustment to opening balance Profit/(loss) on revaluation of investments Excess of income over expenditure 88,592 69,336 1 ,047 313 (298) 18,943 Balance £89,341 £88,592