2025-12-31-accounts

Independent Examiners Report to The Trustees of Louisa PoTrv¢ll Almshouses Charity I report on the accounts for th¢ period ended 31112125 that are set oui on the attached pages. Respective Tesponsibilities of truste¢s dnd CX&uniner. As the charity's trustees you are responsible for the preparation of the accounts. lThe gross income of the trust is such that the accounts can be subject to independent examination and need not be subject to audit. It is the responsibility of the independent examiner lo state. on the b&sis of procedur¢s specified in the General direLtions given by th¢ Charity Commission¢rs under The Charities Act 1993 seclion 43 (7) (b). whether particular matters have come to m). attention. Basis of indLpcndenl ¢xaminers' report. My cxtunination w&8 carried out in accord￿¢¢ with the general directions given by thL Charity Commissioners. An examination includes a review of th accounting records kcpt by the Lharity and comparison of the accouni presenled with thosc records. It also includes consid¢rntion of any unusual itcms or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the ¢vidence that would be Icquir¢d in an audit , and Lx)nsequ¢nt])' I do not expr¢ss an audit opinion on the view given by the accounts. Independent Examiners, statement. In connection with my eumination, the following matters have come to my attention l. The Charity made a deficit in the period of £ 22.576.95 Income £ 26.174.70 Trading deficit -£ 25,576.95 This deficit has been caused by expenditure on rnajor r¢novations during 2025 totalling £ 34,702.49. To pay for these WOTks the Trust has deplcicd its bank accounts to a very low level and taken out a loan in the sum of £ 3.￿0

1. Balance sheet Assets current account £ 1.792.96 Total £ 1.912.19 Funded by General fund -£1,087.81 £ l.912.19 This low level of cash holding is precarious and the Tn￿t must pa) close attention to c&sh flow in the comin8 year. Cjeneral opcration without any major works should b¢ dblr to incr¢(1Se the balances ov¢r th¢ next few y¢ats and ¢nabl¢ repayment of the loan. The Tn￿t does have investments, traditionally not shown in the accounts, which were va]ued on 31$1 dec 2025 at £ 87.094. l2. Somc of these shares could b¢ sold to Incre￿ th¢ 'l'rust's Gash holdings should that b¢come nece88ary. The Charity may wish to consider setting up a sinking fund to pay for any tuture maior rcp<iirs 01 i¢furbishmenis. and to build up fvnd each year. so as to prcvcnt such a major drain upon fim(ts in any on¢ particular year. 3, Othlr point An ¢lcGtricity bill was o￿crpaid on 09107125 £ 32.11 £ 122.72- equal to the previous bAII payment The clerk should attempt to recover the overpaymcnt. Please notc that the clerk h&s prevailed upon me to carry out the indep¢nd¢nt examination this year but, T am retiring this year and the Charity should seek to appoint a new external examiner for 2026 and th¢r¢after. Dale 10106126 Kevin L Adams 5 Sheet house The Sheet Ludlow Shropshire. SI'8 4JT

LajI￿ ItThVELL'5ALMSFKXI ACCCUY15FQIITHEY£ARMARCH zQz4w￿C?OZI 1025 WAfKÉ5HfffASATJ1112114 IKSWASAT31112115 CURREIIT AC COUNT SAVINGS.IccavNT £ 9,434AY £ 15.054.31 OJRRENT AC(OVNT SAVIMGS ACCOLIIIT E 1,792.96 119.23 TOTALCURR¥Nf4s￿s £ 14.4111.l4 TatA.CUiRENfAtsETS FUNDEi) IY GENEIi4LFIJP4D GÈnernl f￿ndts￿d errcf pi•wou5 i¥Jrplw for ￿01 £ 19,041.65 G•neral fLYrfI blfvd E 24,489.14 É 5,415.49 £122,576.951 less I￿n recelwèd G•ntr•l fund fjener•l fund ffjwd 24.419.14 ILg87.aii btsd bfwd l¢xn "•celved less ltsn re cfwd loin rectid les5 lo•n ie dwd É 3.0tr).00 TofALFLY4UfP•4 É 14.409.14 TOTAL11fft4DI Investm•nts shtswA Ih th ball￿ the•t In¥￿Ther￿ shtyn In the b•l•ryce shwl 6115 $har•¥ al £ 12L0714 valuq 1131111124 £74,822.13 618 shares at £ 140.9NI lue 1131112125 É 87,094.12

AcfAIJN15FLIITHEYIAA MARCH1014TOD•¢lO24 AccoJf475FCIIMYEAR2D25 INC£ME zo £ 18537.62 2024 20 2015 temahts i'.on¢rfbuiiMs É 23,lQg.78 £ 3,Tr)0.00 81.92 nIt￿St e M5.40 sh•r thrfdend £ Intert5t £ 18,684.02 Ihire dhidends £ £ 26 174.70 ltsl loan totd lrt¢om• £ 19.174.70 EKPfMDtTWf IT￿E taplla wcffj £ 2.100.00 c•ixtal wcfk5 r•wlr5 Jotmtlon5 •l•rtrul mp•l Insura￿ r• Irs hosy•B •dmln•t •rd•rA wlndw d••twr £ 34792.4> £ 4272.36 electric•l fftpil Insur•bl• re hdsy•F adrnln etc £ 3,841.35 £ 31974.85 £ 437¢.00 £ 1,35C.00 165.00 £ I,Y9.96 É &5P(,.00 É 13PC..L 16£.00 £ L6I1.94 414.16 É L296.50 2i.so 271.00 WI￿1£¥1 cl••niry Waltr elertrldty￿¢dlrt fl•t Insurw Iv Ilcenc• iubscriptknii t£trk4tyVXaTht Il•1 Insur1r￿ fvllceKe sltrtrtpllo Ir•Jeptftdehi r•i$41 •dmin clerk5 d15buiseménl ra ral Igan r £ l.mf .22 LS.00 dmln deiks dlsbutsLirnent Iio.TrJ É 8,4(fj.18 £ 11776.80 - 13 247.53 P51,751.65 ent ndltiiii £ lJ.Z47.$3 tat £ 51.751.55 TOTALSuRPLLSFCIIY￿ft 5A35.49 iorAL wlarF0R￿VE￿ 2.576.95