RkGISTERE4 D CHARITY NUMIIER: 228514 REPORT OF THL TRUSTEES AND AUDII'ED TrINANCEAL STAI'EMENTS FOR THE YEAR ENDED 31 DEC.EMBER 2024 FOR LEWISHAM ALMSHOUSE cHA￿rIEs OF IIryLLIAM HATCLIFFE AND ABRAHAM COLF Berringers LLP Lygoii Houst 50 Londott Road Fjroinley Kent BRI 3RA LEWISHAM ALMSHOUSE CHARITIES OF WILLIAM HA TCLITr ￿L AND AIIRAHAM COLFF. CONTENTS OF THE FIINANCIAL STATEMENTS for the year tnded 31 Dccember 2024 PAge RtforÈn¢e &rtd adiJ)inistrative details R¢port of the trustee5 Report of the ind¢ptndent Audllors Staiemttit of flllan¢lal ittlvltlt5 B&la￿¢t sheet Notes Éo tlie fJDancial statements 10 to 16 LEWI.SHAM AI.MSIIOUSF. CHARITIES OF WILLIAM HAI'CLIFfE AND ABRAIIAM coI.fE REFERENCI AND ADMINISTRATIVF. DF.TAIts Inr tlie yeai. eoded JI December 2024 TRUSTEES Lewisharn Colfe & Halcliffe Glebe Almsliouse 'rnistee Lid PRINCIPAL ADDRESS Lloyd Couri SlÈgrove PIBce Ladyivell London SE13 7LP REGISTERED CHARITY NUMBER 228514 AUDITORS BeiTingcTS LLP Lygon House SQ Loiidon Road Biy)Inley Kenl BRI 3RA CLERK Ms J Segun Page I LEWISHAM ALMSHOUSE CHARITIE4 S OF WILLJAM HATCLIFFE AND ABRAHAM COLFE REPORT or TIIE TRIJSTF,F.S for tlit yoÈi' ended JI Dècember 2024 1¢ Irustees present Iheir i¢pori willi Ihe fiiiaocial siateincnis of the ¢hai-ily for the yeai- elided 31 Deceiiiber 2024. The tru£tee5 have adopted the provi8ions of Accounting and R¢porting by Charilics.. Slalcmcnt of Rccoiiiniettded Praciice 3pplicable lo chaiilie5 pi-eparing Ilieir accoiints in accord3fJce willi the Financial ReportiN¥ Stalldai'd applicable in the UK and Republic of Irelalld IFRS 1021 leffe¢iive l January 20191. OIIJECTIVES AND ACTIVITIES Objecllves and aims UndcT the dcfiniiion of the Scheme (Ref. 74321581 scaled by Ihe ChaTity Cotttmi5sioneTS on 25 Noveniber 1958, the Chai'ity i'equired lo'eirct alin51ious¢5 wliich are ￿ be used foi. Ilie ir8ideiice of almspeople.. The qualifJ¢aiioits of Ilie Imspeople aTe."'8hall bc ￿oTpelÉans who Ixrel resideiit in the Metropolil&n Borough of Lewisham....... and 511811 bc li less Il1#0 60 ye￿¥ of age., In light of the propos¢d almshouse dcvelopmeiit, in 2018 {R¢f. 291118191 the Charily CoJJJmissioiJ approved att Order lo temporarily widet] the Chai'itls beneficial class as follows.. 'if ort the oceasion of a vac&nw tliere are no applicali0rt8 received from PaTochi&l Altn$people who fi]Ifil the Crlteria Set 0￿1 ￿ clauses 29(11 and 29121, the Trustees illay 3ypoiiii 8lmspeopl¢ ar¢ under tli¢ age of 60 but who fulfil Ibe oiber cillietia in claus¢s129)1118nd 29{21, on a Icmporary lic¢ncc.' Wc receive insny &ppli¢aiions fitm residents in Ilic London BoTough of LewishDrn requesting a license to live in one of the I l flals in our Coife & H31clirre Gle￿ altnsliouse and oiice 2 vacancy has ar4%eii, we endeavoui 10 appoTrtI a new residcnl ag a bentficiary as soon tts possible. Residcnls oficn Ilicn slay witli us for the iE5t ofihcir lives. Applicatiojis ai¢ welcome for Ilie Colfe & Hai¢liffe Glebe fiom i'esidenis of Ilie Landon B<)rough of Lewishatn and 11)e Trllslees then ai)willl a r&sident of eaeli flat on Rn'in need. ba5i5. Al each Boai'd meelillg the TrusteeE con8idei' iiiatter5 gri5ing from Ihe adininislration of Ihe Aliiisliousc. It is Ilie I'riisi¢cs cle￿[ inienlion 10 Inainiain Iheproperty in first ¢ldSS condiliun and to Pl￿Vide a safe aiid Blltxclive hoiiie for all residents. Tts tliis end Ili¢ Trusiees regiilarly considci. improv¢nienis that coiild be iiiadc 10 Ihc almshouse5 and ensure Iliat regular repair and mairtienan¢e is ¢atTried oul as ie411ired. Publtc benent The ttusiees ¢oiisider Iliat Ilie obje¢iives and aims of Ihe cliaiity desciibcd above. enable il lo meet its obligations to the Chaiity Comniission to delivei" accommodalion to the poor of Lewisham. ACHIEVEMENT AND PERFORMANCE Cliaritable llctivities The almshouse is too sm211 by Housing Coipora¢ion sthndards io wayrant the tsppoinimefti of a resident walden. Tlie Hovse ManageT 15 the only full-tiiiie tnernbei. of staff, witli the fiiiance aiid AdmiiJistration Manag¢i' and Premises M2Dagei both betijg part-lithe. Tbe cle&nuig is can.ied oui tl]rough an agency cleaiiiDg company. During the year a new iEsidellt appointhient was iiiade 10 the vaearti fl81 iEsultirtg frojh & leside￿t tknt p3ss¢d aivay the prcvioTh% year. Plannirtg ¢ons¢nt foi. the rcd¢vtlopmciii of Ilic building, whi¢l) is sibjaltd in a Conservation Arca. was granted in May 2021. The aim for the future is lo increase capacity upgrade th¢ standard of accoiiitnodalion on offer. The consent whi¢li lasls for Ihree y¢aY.q cxpired in May 2024. Truskes ctrniinue the effotts of fundixising for the PToject.'frustees plBn 10 submit an application for extenEion lo th¢ planning cotwnl. A summer gathering took place in June and was elljoytd by Jll. Tlje annual trusiees, visiiaiions I￿k place in November aiid re5idtnls TtcEivcd voucliciB in lieu of a social gathering al XniL%. Investment perfoi'mxnte 11 is Ili¢ Tius¢ets' policy lo illaxiillise ilie tolal rettini on investment9 wliilsi liolding Ihetti in sui12ble attounts relating their purp(k8e. Pxgt 2 LEIVJSHAM ALhfSHOUSE CHARITIES OF WILI.¥AM HATCLIrrE AND ABRAHAM COLf4L IILI>ORT OF THL TIIUSTII ES for IILe year ended 31 Deceinber 2024 ACHIFVF.MlI,NT AND PERFORNIANCF. Rlsk NqanaE£mcTrt A Risk A££essmeiii document approved by the Tiustees In 2004 COV¢Lllng faur niain aira8 of risk.. Hazard Risks. Financial Risks. Opetalional Risks and Compliance wilh the law. Tiustees colllinue the review exei.cise once a yeaiwith the Ftnance aiid Adminislralion Maiiager. ReportSng Serlou$ Incident5 The Ttustees cortfimi thai by signing below rhey have declared that there iveie no serious illcidents or other iiiallets rtlotiiig 10 this ¢haiiiy over Ili¢ fiiiancial pei'iod 2024 Iliat sliould have been brouglii 10 Ihe aiitiilion of Ihe Charity Commission bui that have not. They also thai in Jine with the Vettiiig ￿1￿ Barrillg S¢heine, launcheL( in Octobei 2010, all Etsff audTrus1¢¢5 ai¢ subjcci 10 DBS clixk wlieir appropriate. FINANCIAI. Ilkvlkw Reserves pollcy Tlie Twsteesl FiDancial Policies and ProceduTCS doGunicnt includcs the follewing statement relating lo the re%rves policy:_ "Jl ig the Trus*es policy 10 provide reserves in accordanee with guidance fron] the AItI￿OuSe Association. These ¢ui)rntly ittelude Ilie building iiiainleiiance funds (see [￿lOw) and trec reseivcs li.c. cx¢luding all monits lied up in fixtd gsseES or emdowinent f￿d$) giirricient 10 Cover 6 months runniJJg cosis. This would enable the Chaiity to continue to fiinclioii slitsuld Il)¢r¢ b¢ a siwqden di'op or loss of iijconie. Buildiiig Mainienanet Funds An cxiv801.dinai.y repa¢i' fuiid is lo be Inaintsiiied for infirquenl or major repairs such as roof Ycpails or re-pointillg alld lli&joi' long leiin iiiiprovenienls. A cyclical rtiairtlenance fund 18 also maintsined 10 wver accordance witli guidelines issucd by thc Almsliouse Association.. Golng toneern Tli¢ ii'ustees collsider the charity a going conceni and Ilie accoiints hav¢ b¢¢n prepared on that basi$. Tlie ChaTity5 incoiningresouTces weie £288,890 foi die yearended 31 Dectrtibci'2024. A grantof £15Q.OOOwas received from The Estate CI￿lity of Willt&ni Haicliff¢ during ili¢ year. Expcnditure dTrectly related 10 the objects of the charity duting (he year ivas £76,875. £4,000 ivas transferred to tlie designated repair and maintettance funds 5s de￿lled in the fiiiaiicial stat￿nentS on page 15. Tlie Tiuslees 3gieed ali aveixgt SOA iise to Ilie Weekly MainleDaii¢e Coiits'ibution for each tlal, as of 1st JAnU￿Y 2024, whicl? is du¢ 10 ris¢s in building mainte￿nCe cost5 and cost$ of goods geneially. UTURE PI.ANS The cliarily is LUJTellily ill progTe8s of redeveloping the land, Irbuildknig a rnodem almshousc. The prcliminary costs are being capi181ised. STRUCI'URE, GOVERNANCE AiND MAliAGEMEYT GoverDItLg document The chllrity is controlled by its goveming d(￿UMent. a deed of trust and consti￿leS Unin¢0￿Or8tCd Charity. The Charity wos e$iablish¢d undera sclieme, sealed by Ihe Chariry Coiniiiissioners on 25 November 1958 (Ref. 74321581, for Ilje purpose of providing slielteird accoiiiiiiodalioii iii Colfe diid HBtcliffe Glebe, 347 Lewishain Hi81i Sireel, London SE13 6NY. Tlie Almsliou8e was con8iNcied in 1962 and Ilie Cligrities, R¢gisiration No. Es 228514. Pag¢ 3 LEWJSHAM ALMSHOUSE CHAIUTIEI S OF WII,LIAM IIA'I'CI.IFVC AiS'D ABRAIIAM COLfE RF.PC)RT OF Tiif. TRIJSI'b.I,: fov Ihe year ended 31 Deceinber 2024 STRIIC1'URF., C.OVCI RNANCF. AND MANAGEMF.NT Recruittllent appolntment ofneiy tJ'ustee$ The'l'rllslees serving diiriiig tlie year weie'.- Le%visham Colfe & Halcliffe Glebe Almshouse'ltuslee Lid The Trust¢¢s re¢¢iv¢ no r¢nwner&tioll aTJd, ill tlie yeaT under ievieiv, did TJOI claim any expenses. Organl$a¢loiial $tru¢ture The day lo d&y running of the Almthouse was catsied out by the Finance and Administtxiion Manoger, Ms Joy Seguii. Thc Clcrk's vffi¢e. geTving boili Ihe Lcwisham Parochial Cliariii¢s &rtd tlic L¢wish8ni Almsliouse Cliayiiies of William Halcliffe alld A￿dharn Colfe, is based in Lloyd Couit Aknsbuuse tspproximaiely 114 ijjile away Sl&gTove Place, Ladywell, London SE13 7LP. The Trnslees pay a PLL)poruoti of tlje Cluk's Sa]￿Y and con1rib￿le Ioiv8Lds the cosis of iuiinjiig the offic¢. The Trustee8 of tbe Almshouse Charity met on three occasions ill the year. Tbe Trustees annual vssitation to n)eel ibe r¢%idents aiid discuss nialters of mutual conceiii look place iii Novetnber. Mailers ieialinE to Finance and General Purposes are dtSCUS8ed as part of the main boArd in¢elillg. Fi￿e￿o]d Property Tlie Alingliouse ivas held in li￿st for tlie charity by Mie Official Tivstee of C.h￿rity LAnds. This ivas transferred to The Lewishaiii Colfe & Hxi¢liffe Glebe Èlmsliouse Trusiee Lid on 22 April 2021 artd is lield in Ti'usi by ihem. STATEMENT OF TRUSTEES* RESPONSIBILITIES The Iru51er. we considered th¢ following.. the nature of Ilie indiisliy, conliyjl enl'iroiinieni and busiiitss performance., Irsulls ofaur enquiries lo ingllageiiielll aboul Ilieir own assessinent uf Ilie Tisks of fraud and ei'roi., the mattcrsdiscussed ainoijg Ihe8udil engagemerti team regailing how and wheLt Iraud In8y occiir in the financial Our proceduirs to respond lo risk incliidc the following.. iYv¢¢wing Ilie financial staleilleiit disclosures aiid le&tin8 to suppoiling docwiientalion,. pd'forming aiiolytical piot¢duitt 10 identify any unusual or unexpected areas th81 may indicate Tisks of materi81 misskiemeni due to fii)ud or eiror., addi'essiiJ8 the risk of fi7ud and eiTor diTougli nian&getnelll oven'ide of controls, teslitjg die ap￿.Op￿ate￿CsS of Jou￿&15, assessing whether Ihe judgenieiiis made in making a¢¢ouniiiig eslima￿S are indicative ora potential btas. aimi evaluating the biistneFx Tationalc of aiiy %i8nificant transactions that are uniisual oi. outside the IiOiTn&l tOUTse of bu%ille&s A fi]rthtrdtKripiion of our iEsponsibilities for the audit of Ihe financial siaiemenT8 i8 locaied on ihe Fingn¢i81 Reporikng Council'swebsileatwNvw.frc.org.uklauditorsitsponsibilities.This de$ctipliortfotmspart ofoui Reporiof theIndepertdertl AuditoiB. PDge 6 REPORT Ob THL INDEPENDE4NI' AUDITORS TO THE TRUSTEES OF LINTrrySHAM ALMSHOUSE LHARITiies o WILLIAM HA fcLlbTr'E.4ND ABRAHAM COLFE Use of our repoi't This report is made solely lo the chBrity's I￿￿1ees. b)dy, in accoi"dance with PaTI 4 of Ihe ChATlties IAccou#is and Reporlsl Regiilalions 2Q08. Our aiiJii work ha$ been underthken Iliat we iiiiglit $131e lo Ilie charity's Iruslees Iliose matters ive air rcquired io state to them in an &uditors' report and for no other p￿￿oSe. To the fullest exientpemiiiied by laiv. %ve do nol accepl or assuiiie responsibility lo anyone other Ilian (lie cltsrity and the ¢haiity'b trugiees as a body, foi. our audit work, foi this Tepoil, or for the opinions ive have formcd. Bttnirtgers LLP Lygon Housc 50 LoThdo￿ Ruad Biomley Kent BRI 3RA Dale.. Page 7 LEWISHAM ALMSHOU.sr. CHARITIES or wtLI.TAM HATCLIFFE AND ABRAHAM COLFE STA TEMEN'T OF FINANCIAL ACTIVITIES for tho year ended 31 Decomber 2(b24 2024 2023 Total Unreslricied funds Endoiviiient fiind funds Noles INCOME AND ENDOWMENTS FRO￿1 Donaiions and lega¢i¢s 150,000 130,000 143,0(X) Oilier trading aciivities Inveslni¢nt income 84.194 84,194 79.055 47 54695 ￿17 Total 288,889 288089 269.372 EXPEIYDITURE ON Cbarltable aclivitle5 Maintenance Services Stspportcosts Staffing 21,064 25,263 6,728 21,064 25,263 6.728 26.3t14 20,511 17,322 Tr•t41 Net gains on iiivestments NET IN'COME 161,127 2,821 263.948 251,438 RECONCILIATION OF FUNDS Total fiinds bTtriiglii foiward 2,679J28 168,161 2,847A89 2,596,051 TOTAL FUNDS CARIUED FORWARD 2 940 455 170 981 ￿3? Page 8 LEWISHAM ALMSHOUSE CHARITIES OF WILLIAM HATCLirrE AND ABRAHAM COLFE BALANCE SHEET 31 December 2024 2024 2023 Total furtds Unreslricled funds Elldoivinent fund TotAI futhds Noits FIXED ASSETS Tangible assets Investments 613,986 43J95 123 07 657,381 123307 657.427 120486 613.986 166,702 780,688 777,913 CURRENT ASSETS J)eblors Inveslmeiils Cash at bank 13,802 1,215,208 1119704 13,802 1,219,488 1119704 13,787 1.144.431 930 079 4.280 2,34&714 4,28 2,352,994 2,088,297 CREDITORS Atneullis falling due within one year 10 {22.2451 12L2451 (18.721) NET CURRF,NT Assrrs 2 331b 749 2 069 576 TOTAL ASSETS LESS CURREIYT LIABILITIES 2,940JS5 170.982 3,111,437 2,847,489 NET ASSETS 2 940,455 170 982 3 111437 2 847 489 FUNDS Uniesiri¢ted funds Endoivment funds 2,940,455 170 982 2,679.328 168 161 TOTAL FUIWS 3111437 2,847,489 Tlie fijhincial Slaiemertis were approved by 1Sie Board ofTrusiees and aulhorised for issue on and were signed on its behaifby.. Mi'JW holson- on behalf the Cotp iusiee rpuial rusicc The notes form parf of tliese fillancial sLI(einenls PagB 9 LEWTSHAM ALMSHOUSE CHARITIES OF WII.I.IAM IIATCI.IFFF. AND AIIRAIIAM COLFE NOTF,S TO THF. fINANCIAI. STATFMF.NT for the year endod 31 Decetnbor 2024 ACCOUNTING POLICIES Basls of preparlng the finallclAI st¥tenientS Tlie Iindncial sial¢mentg of the cligrily, Ivliicli is a public benefil ¢nlity under FRS 102, liave been prepared in eordance with the Chatities SORP IFRS 1021 'A¢¢ouThting ind Reporting by Cliai'ities.. Siaiement of Recoiiiniendcd PIM¢li¢¢ applicabl¢ lo¢h81'ili¢spreparin8 ilieiraccounls in gccordance with the Financial Reporliag Slaiidaid applicable in the UK and Reptsblic of Iieland IFRS 1021 lefieetive l January 20191,, Finan¢ial Reporting Siaiidaid 102'The Financial Rcporiing 8ianda¢yl applicabl¢ in Ihe UK and Republic of Ireland, and tlje Chai'itie5 Act 2011. The financial statements have been piEpaitdwidei the hisioiicttl cost convertiion, with the exception of iiive51]nents which art included ai mark¢i valiie. as modified by the irvalualioii of c¢i*ain assets. The cliBI'lty lias taken advaDlage of the folloiviiig disclosuic rxcmptions in pttparinB these financial sial¢m¢nis. as pciThitt¢d by FRS 102'Th¢ FinAllcial R¢porting Standard applicable iii the UK aiid Republic of Itelalld.: tbe requiremettt8 of Scciioll 7 Ststement of Cash Flo the requir¢ment of psra8rapli 1.I7ldl,' the Tequiretnellt8 of paragtaphs 11.42. 11.44, 11.45. 11.47, 11.48(alliii). 11.48la)liv), 11.48lb) alld 1.48{¢)' tbe iequirements Of p8ragrapbs 12.26. 12.27, 12.29la}, 12.29lb) and 12.29A,. the rcquirem¢NI of paragraph 3J.7. Income from lettlDgs In¢onie from lettings repTesents n]aintenance contributions Te¢eivAble froin the residents itt occupaiiort at the almshouse. Investment into]ne Invesinienl income is accounted for in th¢ p¢riod in whi¢h th¢ cbarity is entitled lo receipt. Soclal houslllg gi'ani A social housing grant was paid by Ihe Housing Corporation lo irduce IliB Cost of thr devclopmtnt al￿ is shown as a deductiort froin Ilie cost of tlie Houstng Propci1iCS In the balan¢¢ Sli¢¢L Tlie Grant is repayable llndei. ¢eitsin ¢ir¢uiiisian¢¢s, primai'ily lollowing the sale of Ilie properly bul will be reslricled to Ilie net pi'aceeds of the sale. F.xpendllure Li&bilities ale reco2nised Is expcnditure as 800tt 28 IbeiE is a legal or constsuctive obligaiion committing the ¢ltsrity 10 thai expeiidiluie, it is piobablt Ihai a transfer of e¢onomi¢ b¢n¢fils ivill be required in settlement and Ihe amount of the obligation cBn be me&%ured Teli&bly. Expendibire Is atco￿llted foT 0118n accruals basi8 And bas been elassifjed urtder headtrtgs that aggregaic all Cost ielated ¢0 the ¢aiegory. Where costs caniiol be directly aiiribuled to parEi¢ular heRdings they have been 2llocÈted to activitie% oll A basis totssisie￿t with the use of resources. T#Jigiblt r￿ed Assets Depre¢iaiion is provided attljc folloivingannual rale5 in orderto write off ¢a¢h awtOV¢T its ¢$timateduseful life. FT¢ehold property FixluiEs and fillings not provided 20￿￿ on reducillg balance As Ilie properly is maintained in 8 stste of repair such that its eslinvdled residual vslue is not less Ihan its iinproverneiit cost no annu&l cherge for depttcitsiiort is madc tsn the building. Tllxgtio Tlie chai-ity is exeinpt frotn tax on lis ¢liaritabl¢ acliviiies. F4Lnd and J'eserves Ilnirslricted funds call be used ill accordance ivith tiiecharilable objeciives at the diseTeiion of the trllsiees. Page 10 continued... LEWISHAM ALlfSHOUSE CHARITIES OF WILLIAM HATCLIFbF.AND ABRAIIAM COI.F NOTE8 TO TIIL FINAN'CIAL STATf.Mf.NTS- eontinued for the year ended 31 Deeembtr 2024 ACCOUNTING POLICIES- contllllltd Fund And reserves Dc$ignalcd funds Cyclical Repaits and Maintgnance-. This fllr￿ is retained by the trustee$ to rneet maintenance cos15 arising ar re8L]lar intervals, e.g. internal and exl¢inal I'edewration and the cost of profe88ional fees irt of Tesiiect quirtqiieniiial inspettions. ExtraoTdi1￿ry Repairs.. This 15 8 reserve fillld foT futUT¢ 1i1gjor exp¢JJditur¢. Provision i% made in aecordan¢e ivith Ilie recommendations of Ihe Almshouse Asso¢iaiiort and Ihe fund tllAy be dTawn upon witliout prior consejjt of tli¢ Cli￿'1ty CoiThiiissioners. R¢p3irs and Mainlenaiice Trund.. Repi'¢sents funds held foi. i10m￿l ongoing rcpairs. LV Charitable Fund Property Rtt¢rvt'. Reprcsertts thai proportion of tlie cost of properties and improveinents whicli was fin8nc¢d by charitable donations atid ihe Tiust¢e's oivn resources. Lift Mairttenance Fund.. Represents fwids h¢ld to D)e¢t the n]ainten8nce alld r¢pl8cw)entof the lill Endowment Fund Tli¢ Endowment Fund repiTseiits as8ei8 which niusl be held Fermanenily by the charity by way of investhjents. Incanie arising OTr the elldowmenl fund ean be used in accordance wilh Ilie abjeclq oftlie ¢liai'ity artd is In¢luded a8 Unre￿rie1ed income. Any capiial gaitts L)r1089es arising oli the investments fottll PArt of the fund. Vfjlue added tax Tli¢ diarily is not I'¢gist¢red for Value Added Tax. In ihcse financial siaiemmtg, wheTC appli¢able. expenditure is shown inclusive of VAT. OTHER TIiADING ACTIVITIES 2024 2023 Residents Corttributiens INVEStMENT INCOME 2024 2023 Fixed &￿et invesimetti iticome Deposit 3CCOlltil iiileresl Curmii asset investment income 3,512 24,689 26,494 3,444 15.589 Page 11 continued... LEWISHAM ALMSHOUSE CHARITIES OF WILLIAM HA TCI.VFFF. AND ABRAHAM COLFE NOTES TO TIIF. FINANCIAL STATEMEI N'I'S- eontlnued for ihe yeai. ended 31 Decembej. 1024 CHAIUTABLE AcfiviTIES COSTS 2024 2023 M#inttlkAttee Cl¢spiDg Livklinr alaTm sy5t¢m Gcneral repaits Gaidenins Lift mainienante Roulin¢ repair5 (icneJal rtpAir$ 2,830 3,770 3,056 3,788 8,360 4.798 606 1,696 4,851 381 Cycli¢01 Repain & maintenante Servlees Lighi & heat VRier& coun¢il tix Telephone InwTan 16,871 4,317 I,SJ4 3,701 1,075 Support Prirttittg, pogtage & st8tionei? Subscriptions Pyofessionol fees Sundryexpen.seE Attolliitsn¢y chfjr8e Depreciaiion Clerk's salary TnTr51ees' meeiiiig eXpel￿S Auditoi's r￿n￿￿¢￿tiOn 669 324 900 2,335 46 466 9,712 58 SIAmDg WardellArtd prettiises manager Clerk'ssalary 16078 15,548 &498 13 TRUSTEES, REMUNERATION AND BENL EFITS There were no tru%tees' ren2uTrei?tion or oihei. benefi15 for the yeai. ended 31 Deceiiiber2024 nor foi. the ytar endtd 31 Decembei. 2023. Trustees, expenses There were no trustees, expert5es paid for the yeaT ended 31 December2024 nor for the yeai. ¢nd¢d 31 f)¢cember 2023. Psge 12 ¢ortlinued... LEWISHAM AI.MSHOUSCCHARITIF.S OF wtLLIAM HATCLIFFE AND AIIRAHAM COLFE NOTES TO THE VINANCIAL SI'A'fEMLNTS- contlnued for the year ended 31 December 2024 TANGIBLE FIXED ASSFTS Fixtuies and rittings Freehold pIN)pcIty Computer Totals COST Al l January 2024 and 31 December 2024 657 197 453 67 DEPRECIATIO￿, Al I lanuary 2024 Charge for ye￿. 14,404 46 453 14,857 46 At 31 December 2024 14,450 45J 14.903 NFT ROOK VALUV. Al 31 December 2024 657 197 184 6S7 381 Al 31 Decejnber 2023 657 197 230 657 427 Th¢ oiigi1131 cost of the freeliold was £848,264, aiid Ilie 3dditions are tlie pi'eliminary costs foi redevelopiiient, but the totBI is reduced by B Housing GTaiil Ot £381.816 froitt the Lnndon BorotsEh of Lewisliain. Upon disposal, this amouni may be repaid froni any excess. The building is noi depreciated due to die siandards required for social housing that ts inalljtsined to a high FIXED ASSET INVESTMENTS The investments held 8t market value are as follows.. Market Market Vallle at UnreAlised 31112124 GalnllL0551 01101124 10190 M&0 TtTrcome share%12023 - 101901 5610 COIF Income shares (2023 - 56101 9,153 9,459 306 120,486 123,307 2.821 DEBTORS: AMOUNTS fALLING Duf WITHIN ONE YEAR 2024 2023 Oiher debiois Prepayni¢nts and &c¢rued iDoome 6,236 6,236 Page 13 coniinue4J... LEWISHAM AI.MSIIOUSF. CHAIiITIF.S OF WILLIAM HATCLIFFE AND ABRAHAM COLfE NOTES TO THE TrINANCIAL.STATF.MENTS- continued for tlie ye¥r ended 31 Decembei. 2024 CURRF.NT ASSET INVESTMENTS MAI'ket Value xt OiiOill4 M#vket VAlue llt Reimvested Unrcal¥s¢d 31112124 Dlvldends Galn (Loss) 13569 M&G Income sliaiEs12023- 13569) 5244 M&G Accuni shares12023 - 52441 1682 COIF Accum 51)aies12023. 16821 COIF Charities Deposii A¢count8 12,596 634,855 438,455 133582 408 27.580 21,124 587.841 417.331 127071 19,434 1.219,488 25.945 io. CREDITORS: AMOUNTS FALLtNG DUE WITHIN ON'E YEAR 2024 2023 Otlier citdito R￿ide111S Coiilributions 21,689 556 18,394 327 MOVEMENT IN FUNDS Net movemeni in funds Transfers between funds Al 31.12.24 Al 1.1.24 Unrestricted fuTJd5 fjeneral fvnd Repaiis & Maintenance Cyclical Maintenance Extraordinary Repairs Cliarity Fuiid Property Lifl Maiiitenance 1,541.070 .450 33,711 984,349 107,412 265,508 14,0001 {4,0001 4,000 1,802,578 1,450 33,711 984 J49 107,412 3811 2,679J28 261,127 2,940,4S5 Endoivnieiit funds Endowmejii FLJnd 168,161 2,821 170.982 TOTAI. FUNDS 263 948 3 111437 PBge 14 Continued.. I.D.WISHAM AI.MSEIOUSE CHARII'ILIS 0> IVILLIAM HATCLIFFE AND ABRAHAM COLFE NOTES TO THE FINANCIAL STATEMENTS- eontlnued for tlit year endcd 31 Decembei. 2024 MOVEMENT IN FUNDS- eontliklled Nel Inovem¢nt in futids, included in tlie above are as follows.. Incoming J'eBourc¢s Resources expcnded Gains and losscs Movement in funds Unrestrlcted lund General fi]nd Repairs & Mainienance Lift Maintenance 288,889 172,4931 14.000} 49,Ik2 205,508 14,0001 288,889 {760741 49,112 261,127 EndowTn¢Mt fund5 EiidowmeniFund 2021 2,821 TOT AL FUNDS 288 889 76 8741 263 948 Cobmpargtivcs for mavtMellti￿ fund5 Nel movetnenl in funds TLinsfers between funds Al 31.12.23 Ai 1.1.23 Unre$trlcted luJtd$ fjener&l fllnd Repairs & Maintenance Cyclical Maiiil¢nan¢e Extraordinary Repairs Charity Fuiid Pioperry Lift Maintenance 1,296.997 1.450 35,407 984,349 107,412 11.942 248,073 (4.0001 11,6961 (4,0001 4,000 1,541,070 1,450 33,711 984,349 107,412 11,336 606 2,437,557 241,771 2,079,328 Endownient Eiidowmeni Fund 158,494 9,667 TOTAI. FUNDS 2596051 251438 2 847 489 Page 15 coniinued.. LEWISHAM AI.MSHOUSE CHARITIES or WILLIAM HATCLIFFE AND ABRAHAM COLFE iYOTES TO THE FINANCIAL S fA1'LIMLNTS- tontlntsed for the year ended 31 Deceinber 2(b24 MOVEMENT IN FUNDS- contlnued Qjniparalive net movement IJ fund5, incliided in Ili¢ abov¢ are as follows.. Incotning IEsource8 ResouTces expended Gain5 and 108ses Movetnent in ￿ndS Unrestrlcted funds Geneial fiind Repaii% & Maintenance Cyclical Mainleiiallce Lift Mailltenance 269,371 179,8È11 14.OIM)I 11,6961 6061 58,582 248.073 I4,0￿) {1.6961 269,372 (86,1831 58,582 241.771 Endowmeni funds Lndowment Fund 9.667 9,667 TOTAL FUNDS 269 372 86 183) 68.249 251.438 RELATED VARTY DISCI.OSURF Tliere were no rclaitd paity Irdllsaclions for the year ¢iided 31 De¢ett)bei' 2024. Page 16