lev,
Dnual Re
rt Fin#Deial St#tement
Year
l Marcb 2

Lad Lumle
'$ A]m5houses
BOAIID OF TRUSTEES, REPORT
The Board of Trustees submit their aDThual report and accounts for the charity foT the year ended 31 March 2024.
The financia] slatements a￿ prepared io comply with the Charities Act 2011, the Statement of Recommended Practi¢¢
"Accounting by Registered Social Housing Providers (update *OI8)" and with the Charity's governing document.
LEGAL AND ADMINISTRATIVE INFORMATION
Full name ofthe Charity..
Registered Ch(3rity numbeT.'
HCA Registered n￿Mber..
Lady Lumley's Almshouses
229068
A3567
Re￿￿tered Office ofilie C'harity.
73 Outgang Road
Pickering
North Yorkshire
Y018 7EL
Independent Examiners."
Hallgarth Accountants Ltd
Chartered Accountanls
2 Hallgarth. Pickering, North Yorkshire
YOIS 7AW
Bankers..
National WestmirL8ter Bank PIC
27 YoTk¢rsgate
Malt0￿ North Yorkshire
Y017 7AZ
SeoGkbrokers.
Messrs Redma￿t Bentley
9 Bond Court
Leeds
LSI 2SZ
Solicitors..
Crombie Wilkinson LLP
Clifford House
19 Clifford Street
York
YOI 9RJ
[1]

Lad Lumle
'5 Almshouses
FT
STEES, REPORT- Conlinued
D MANAGEME
Governance
The Charity was founded by deed ￿11 dated 8 October 1657, and ¢omprised in a sch¢me mad¢ under the Endowed
School Acts on 14 July 1899 and is administered under the Charity Commissione￿, Scheme ddted 22 August 2001.
The ChaTity is a housing association r¢gister¢d with the Homes and Communities Agency (fornierly the Tenait
Servi¢¢5 Authority) under the Housing and Registration Act 2008.
intment of Trustees to the Board
Tntstees are aptx)inted at a General Meeting for & four year period. Co-opted Trustees are appointed lor a period of
five years.
One nominated Trustee may be appointed by the Parish Council of Thornton le Dale and one by th¢ Parish Council of
Sinnington.
The Ineumbents of Thornton Parish and of Sinnington Parish are autotnatically trustees. though they may ask
someone to tske that place(s) vicariously.
Trustee induction and trainin
The Charity uses the existing skills of the tNstees and draws on briefings rece?v¢d from the Homcs and Communities
Agency, The Almshouses Association and the Charity Commission.
anisation
The Charily is administered by the Trustees. These are local people interested in the well-being of the elderly and
infirm, who have skills and kJ)owledge Covering personnel and housing in a variety of aspecls including financial and
social. The Charity works only within thc ecclesiastical deanery of Pickering (as at April 2005), an entirel} rural area
with one small central market ￿Wn.
Risks to which the Charit
isex
The major risks to which the Charity is exposed have been identified and systems have been ¢stabli5h¢d to mitigate
these risks.
Related
ies
Details of related party transactions can be found in note 20 to thes¢ accounts.
Mana
em¢nt
The following are the principal okficers and Trustees of the charity: _
Mrs G Garbutt O.B.E.
Mrs J Dudley-smith
Dr J Coppack
Mrs L Lockwood
Mrs R Sharrock
Rev'd Cap't R Batker
Mr H Hallsworth- Resigned September 2023
Mr M Swinnerton
Ms C Balderson- Appointed September 2023
Ms C Baxter- Appointed 25" March 2024
121

Lad Lumle
's Almshouse5
BOARD OF TRUSTEES? REPORT - Continued
Day to day management of the charity is ￿Tried oth by the Trustees and the ¢lerK Mrs M Fletch¢r. administers
rinancial matt¢rs.
OBJECTIVES AND ACTIVITIES
The obj¢¢tive of (he charity is the upkeep and maintenance of the Almshouses and Old Grammar School, the
provisioTh of housing and general management of the fi]nds of the Charity.
ACHIEVEMENTS PERFORMANCE AND PLANS FOR FUTURE PERIODS
Throughout the year we have witnesqed significant change within the Alms Houses. It has been a busy year for the
Trustees, dealing with the Yarious issues ihal have surfac¢d and many will take some time to resolve.
Ongoing problems with the roof ofthe extensions meant that investigation work was n¢¢ded to source the depth of ihe
problem. This meant th¢ resident in number I was moved into another property in order that the ceiling could be
removed. Unfonunately, the findings poinf towards mayor roof repoirs. Architects and Building specialists are now
being consulted and w¢ sec this a long-tern) building project. Our resident's welfare will rcmain our priority
throughout this period which may tske up to two years to fully rectify- Number I property remains empty for the time
being.
Sadly. Iwo of our long-e5tablished residents passed away this year. With the care of othcr residents, trustees. the clerk
and visiting care staff, they were able to remain in their homes. We have now welcomed two new residents who have
settled well and enjoy being part of the alms houses neighbourhood and wider community. We welcomed Cllr Clair
Balderson to the board of Trust¢es in Nov¢mkr as the Parish Councils nominated represenlative.
Our residents and iheir friends enjoyed several trips and activities throughout the year. In May we had a trip to Raven
Hall in Ravenscar for coffee and a mystery bus tour ending with fish and chips at Wa]kers in East Ayton. Residents
have also enjoyed several trips to a lo￿1 garden centre for coffee, accompanied by the clerk In December a trip to
Helmsley Arts Centre for the Pan(omime was extremely enjoyable, (together with a very nice lunch!).
Tea and Chatter sessions in the Old Grammar School continued throughout the summer for residents and the wider
¢otllmunity. These nnce monthly events allow the residents to come together for a wclcome chat with volunteer
helFtrs and friends. From October through to Marcl Ihese were ￿PlaCed with monthly Soup Session5 which prove
popular.
As we move into another year. the Trug:ees are fully aware of their responsibilities to ensure up and coming building
works are Carried out to a standard that maintains a high level of alms house housing provision. It is Ihe'r intcntion tL)
continue to utilise the alms houses directed by the Trusi Deeds upon which the Charity was fortned, working as
best they can to ca￿se minimal disruption to residents. All trustees will be utilising their own pcrsonal and
professional skills, alongside sourced spe¢ialist advice as we move forward in confidence that the Alms Houses are in
safe hands.
OPERATING AND FINANCIAL REVIEW
The Charity wntinues to receive income from investments in addition to that obtained from the residents.
maintenance payments. Investments are run by prolessional stockbrokers who monitor the investments closely.
Resources are kept to cover ihe costs of repairs following quinquennial inspections, costs ol general maintenance to
properties together with funds to meet contingencies.
Trustee5 increased the weekly maintenance charge (WMC) lo residents in line with their policy.
[3]

RESERVE POLICY
The Charity has adequate reserves to meet its ongoing commitments and the Trnstees allocate fund8 to designated
reserves to cover maintenance liabilities.
PUBLIC BENEFIT
The Trustees have had due regard to the guidanc¢ published by thc Charities Commission on public benefit.
RELATION TO
FINANCIAL STATF.MENr
BOARD'S RESPONSIBILrrJES
Law applicable to Charities in England and Wales requires the Trustees to prepare finan¢ial statements for each
financial year. which give a true and fair view of the Charity's financial acliviiies during the year and OC its financial
plxsition at tELe end of th¢ year. Tn preparing those finatKial stal¢ments, th¢'frustees are required to-.
Select suitable accounting policies and then apply them consislenily.
Observe the methods and principles iii the Charities Statement of Recommended Practice {SORP)'
Make judgements and estimates that are reasonable and Prudent.
Slate wh￿her applicable UK Accounting Siandards hav¢ been followed.. and
Prepare the financial statements on the going concern basis unle55 It is inappropriate to presume that the
company will continue in busines5.
The Trustees are responsible for keeping proper accounting recoTds which disclose with rea8onLble accuracy at any
time the financial position of the Lharity and to enable them to ensure that the financial siatements comply with the
Charities Act 2011. They are also responbible for safeguarding the assets of the charity and hence for taking
reasonable steps for the prevention and detection of fraud and other Irre￿IlarIties.
We, the board members of Lady Lumley's Almshouses who held office at the date of approval of these financial
statem¢nts as set out above confirtn, so far a5 we are awstre. thai:
There is no relevant audit inforniation of which the auditors are unaware. and
W¢ have taken all the steps that we ought to have tsken as board members in order to make ourselves aware
of thai information.
Approved by the T￿￿tee5 on ....
z.s.l.o...i l..Ic>L*.....
and signed on their behalf by-
Mrs G Garbutt O.B.E.
Date- ..
14]

d Lumle
's Almshouses
INDEPENDENT EXAMINERS REPORT TO THE BOARD OF
LADY LUMLEY'S ALMSHOUSES
We report to the twstees on our examination of the accounts of the above charity for the year ended 31" Ma￿h 2024.
The financial r¢porting framework thai ha8 been applied in Iheir preparation is applicable law and United Kingdom
Accounting Standards, including Financial Re￿rtIng Stsndard 102 (United Kingdom Geneially Accepted Accounting
Practi¢¢).
Respertive Respollsibilities of tbe board and the Independenl reporting Aeeountant
The board of the Lady Lumley's Almshouses 18 responsible for the preparation of the accounts, and ihey wnsider that
the charity i5 ¢xempi from an audiL It Is our responsibility to cary out procedures designed to enable us to report our
opinion.
Basis of opinion
Our procedure5 consisted of comprising the accounts witii the books of account kept the charity and making such
limited enquiries of officers as we considered necessary for the purFK)se ot this report. These procedur￿ provide
the only assurance expressed in our opinion.
Opi#ion
In our opinion:
the accounts for the year-¢nded 31° March 2024 are in accordance with the accounting r¢¢ords kept by tady
Lumley's Almshouses under paragraph 135(2Ka) of ihe Housing and Regener&tion Act 21)08-
having regard only to, and on the basis of, the information obthined in ihe a￿OUnting records..
o the accounts cotnply with the requiretnents ofthe Charities Act 2011.
o the charity has satisfied the condition for exemption from an audit of the accounts for the year-ended
3 1st March 2024 specified in section 13616) of thc Housing and ReEeneration Act 2008.
the accounts comply with the requirements of the Housing Regenerdtion Act 2008 and the Accounting
Direction for private registered providcrs of social housing in England 2022.
k(th0 4,,~
Hallgarth Accountants Ltd
Chartered Accountants
2 Hallgarth
Pickering
Y018 7AW
Date..
15)

Lad Lumle
's Almshouses
mell
fcom
rehensive Income
Includin
Intom
b20
and Ex
eDditure Accoullt
2024
2023
Notes
TURNOVER
45,396
47,917
OPERATTNG COSTS
OPERATING (DEFICIT)
(21.246)
(23.076)
NET SURPLUS/ (LOSSES) ON fNVESTMENrs
INTEREST RECEIVABLE AND OTHER ￿COmE
15.493
(94,475)
46,975
43,459
tNTEREST PAYABLE AND SIMILAR CHARGES
SURPLUSI (DEFICIT) FOR THE YEAR
The results for both years are wholly attributable to conlinuing a¢tiviti¢s.
On behalf of the Board
Mrs G Garburt O.B.E.
Date..
[61

Lad
mle
s A]mshows
EET
2024
2024
2023
Noles
TANGtBLE FIXED ASSETS
Housing properties- depreciated costs
964,814
992,052
822,258
831,090
200
249
1,796.104 1,814,559
Investments
her
CURRENT ASSETS
Debtors
C&8h at bank and in hand
10
4,771
4.813
95.170
57.461
CREDITORS.. Amountsfc711ingdue
Wiihin oneyear
086
NET CURRENf ASSETSI
LIABILITIES
12.375
TOTAL ASSETS LESS CURRENr
LIABILITIES
1,871,713 1,826,934
CREDITORS: AFnow?tsfalling due
afier more thon one￿al
12
427
530.047
CAPITAL AND RESERVES
Revenue reserve
Designated reserve
Bequest accounts
Revaluation reserve
Restricted fund
13
1,002.069 1,000,133
52.353
52,353
210.663
194,081
89,199
50,318
13
13
13
These financial staiements were approved by the Board of Trustees on
behalf by..
. and were signed on its
Mrs G G￿bUt1 O.B.E.
171

IAdv Lumle s Almshouses
OTFS TO THE FtNANCIAL STATEMENTS
for the v¢ar ended 31 March 2024
l. General infomiation and basis of
re
ration
The following aceounting policies have been applied consistently in dealing with items whiih are considered
material in relation to the &ssociation's financial statements. The Registered So¢ial Housing provider 15
registered under the Charities Act 2011 and is a Registered s￿la1 Housing provider.
Basis of accountin
The financial stateinents have been pre￿ed in ac¢ordanc¢ with applicable Accounting Slandards including
Financial Reporting Standard 102, The Financial Reporting Standard Applicable in the UK and Republic of
Ireland (FRS102), the Statement of Recommended Practice for Social Housing Providers 2018. and with the
Accounting Direction for private registered providers of social housing in England 2019. The financial
St￿ments are also prepared under the requirements of th¢ Housing aftd Regeneration Act 2008. The financial
statements have been prepared on a going concern basi5 under the historical Cost convention. The financial
5tMtements are prepared in sterlin& which is the functional currency of ihe entity.
certainties and e5tim&tes
The Tnjstecs consider that th¢re are no material uncertainties about the Charity's ability to continue as a
going concern. Estimates in relation to the u5¢fuS life of 8sset5 are consid¢red by the Trusle¢s on an annual
b￿ls.
Turnover
Turnover represents weekly maintenance contribution and service charges income receivable in the year,
supporting people incomc, revenue grants froin local authorities and the Homes and Communiti¢s Agency
and disposal pro¢eed5 from cutrent &qset property disy)sals.
Cash Flow
The accounts do not include a cash flow stat¢ment because the charity> having only twelve units in
management ai the Balance Sheet date, is exempt from the requirements to prepare such a siatement.
Fixed &8sets and d
reciation
ludes t4c Cost of
Housing properties are available for rent and are 51aled at cosi less depreciation. CO￿ in-,
acquiring land and buildings, development costs, inteTest ¢har&y¢s incurred during the developtnent period and
expenditure incurred in reS￿¢t of itnprovements, which comprise the modernisation and extension of exisiing
properties. Legal litle to the twelve Almshouses was vested in the Official Trusfre by order of the Charity
Commission on 22 July 1941. It is the aSs(￿l2t10[l's policy to maintain prot*rties to a high siandard through a
continuing programme of returbishment and maintenanc& Cost of repairs and maintenance are charged
against revenue in the year in whi¢h they are incurrcd.
Other fixed assets ar¢ stated at cost less accumulated depr¢ciation. A fijll year's depreciation is charged in the
year of purchase, but no charge is made in the year of disposal. Depr￿latIOn has been charged on an a[￿L￿1
basis as follows..
Rate
r annum
Furniture, fixtures, fittings and equipment
Freehold housing properti¢s
Roof
Kitchen, baihroom & boiler
The useful economic lives of all tangiblc fixed assets are reviewed annu811y.
Reducing balance
Straight line
Straight line
Siraighi line
181

Lad , Lumle s Almshouses
NOTE
TO THE FINANCIAL
TATEMENTS
Fixed assets- Housin
land and buildin
The land and buildin8s were acquired many years ago th¢ original cost cannot be ideniified and is
the￿fore tsken to be £1 for housing land and buildings and £1 for other property. I'he developfflcnt ¢ost of
the housing properties also in¢ludes interest charged on the mortgage loans rnised to finance the scheme.
Social Housin
Grant
Social Housing Grants have been recognised using the accrual model and a￿ included in income on a
systematic basis over the expected useful life of the stTU¢ture whi¢h is 50 years.
Investmeiits
Ynveslments held as fLxed assets are re-valued at the Balance Sheet date and the gain or loss tsken to the
Revaluation Reserve.
The mortgag¢ loan was advanced by the Housing Corporation (now known as the Homes and Comtnunities
Agency) in respect of improvement5 made to the Lady Lumley'5 Almshous
Unreslricled funds
Unrestricted fiinds are incoming resources receivable or generated for the objects of the Charity without
rther specified purpose and are available as general funds.
esi
Designated funds are unrestricted fund5 ¢arnMrked by the Trustees for particular purposes.
Restricted
nds
Restricted funds are to be used for specific purposes 8s laid down by the donor. Expenditure whi¢h meets
these criteria is charged to the fllnd, together with a fair allocation of management and support costs.
ation
Th¢ as8aeiation has charitable model rules and its surpluses and gains are Ir¢e from taxation provided that
they are dealt with in accordance with its rules.
2(a)
move
tin
cosls and o
in
defic
2024
2023
Cost of Operating Operating
sales
Costs
deficit
Operating
(deficit
Turnover
Turnover
Social housing lettings (WMC)
Other activities
43,472
50.028
(6,556)
46,112
(1,686)
Total
191

Lad . Lumle s Almshouses
NOTES TO THE FINANCIAL STATEMENTS
for the
'e4r ended 31 March
2(b) Particulars of income and expenditure from social housing lettings
Citneral
Ncrdg
housing
Smpported
iknw31118
2023
Totsl
Other
Totsl
Social housing lettings (WMC) net of
Idenlifjable service charges
37.881
5.591
43.472
37.881 42,212
Service income
Gross social housing l¢ttings (WMC)
43.472 46,112
Net social housing lettings IWMC)
Housing c<)rporation grant5 for major
repairs
43.472
43,472 46, 112
Other Housing Corporation revenue grdnts
Other revenue grants
Turnover from so¢hal
Elousing letting
Management
Services
Routinc maintenanc¢
Planned rnaint¢nance
Major repairs expenditure
43.472
10.976
4,843
6,971
43,472 46.112
10,976 9,898
4,843
5,554
6.971
5.108
Bad dcbt5
Property leasing eharges
Depreeiation of housing properties
27.238 27.238
Impaim)¢nt of housing properties
Oth¢r cost5
Operating Costs on S￿1&1 housing lettirLgs
50 028 47,798
Operating defjcit on
Social housing Idtin85 {WMC)
6,556
1.686
2024 2023
The above figures reflect reni losses due to voids a5 follows:_
[101

Lad Lumle
's Almshouses
NOTES TO THE FINANCIAL STATEMCI NTS
or the
ear ended 31 March 2024
2024
2023
2(c) Particular5 of income and ex
diture from other activities
Grant received
Donations
160
160
Management
Routine maintenance
D¢preciaiion of property
16,421
172
21
14,888
8,279
28
Operating costs on other activili48
Operating (deficit) on other aclivities
ee info
ati
The average weekly number of persons employed during the year was:
Office staff
Staff costs (for the above)
Wages and salaries
No Trustee reeeived any remuneration or expenses during the year (2023.. £nil)-

Lad Lumle
?s A]mshou5es
NOTES TO THE FINANCIAL STATEMF.I¥TS
for the
ar ended 31 March 2024
2024
2023
Interest receivable and si
ilar income
Income from fixed assets and investtnents
Other interest receivable
46.975
43,459
able and Similar cha
On bank loans, overdrafts and other loans..
Repayable wholly or partly in more than five years
lusl
activities be
tion
Sur
CLt
on ordina
Surplusl (Deficit) on ordinary a¢tivities before t&xation is stated after
charging..
Depreciation:
Tangrible owned fixed assets
Auditors, remuneration:
In their capacity as audilors
For other services
The &ssociation has charitabl¢ model rules and ils Surp1￿¢$ and gain5 are free from t&xAtion provided that
they are deali with in ￿CordanCe with its rules.
1121

Lad . Lumle s Almshouses
NOTES TO THE FINANCIAL STATEMENTS
for the ve&r ended 31 March 2024
Tan iible fixed assets
Freehold
housing
Properties
held for
letting
Fixturcs.
fitting￿ and
equipment
2024
Total
2023
To￿1
Cost or valuation
At beginning ofyear
Additions
Disposals
At end ofyear
1,196,885
18,643
1,215.528
1.215,528
ciation
At beginning of year
Charge for lh¢ year
Disposals
At end of year
204.833
27,238
18,394
49
223.227
27,287
195,927
27,300
Net book value
At 31 March 2024
At 31 March 2023
113]

Lad Lumle
'5 Almshouses
NOTES TO THE FINANCIAL STATEMENTS
Fixed asset investments
At l April 1984 the Charity's cumulative holding in National Association of Almshouses Common
Investmeni Fund (NAACIF) Income Shares amounied to 50,626 units. The cost5 of these shares cannot
be ideniified.
The Trustees therefore attributed the market value at l April 1984 (the date from which the Charity's
accounts first complied with the Housing Con)oration's Recommended Forni of Accounts) as a base
cost.
The investments held are as follows:_
2024
2023
Cost or cost
At beginning of year
Additions
Disposals
At end of year
771,940
114,796
-144 845
798,164
314.041
-340 265
71
Market value
At beginning of year
Additions
Disposals
822,258
114,796
-121457
815,597
925,941
314.041
916.733
Net gain/ (loss) on investments
At end of year
Listed investments
Common investment funds
601.877
229213
612,071
210 187
All investments are carried at their fair value. Investments in equities and fixed inlerest securilies
are all traded in quoted public n￿rkets> primarily the London Stock Exchange. Holdings in common
investment funds, unit trusts aTKi open-ended inv¢slm¢nt conipanies are at bid price. The basis of
fair value for quoted investments 15 equivalent lo the market value using the bid price. Asset sales
and purchases are recognised at the d￿e of trade at cosi.
[14]

Ladv Lumle
's Almshouses
r4oTES TO THE FINANCIAL STATEMENTS
rthe
'car
nded 31 M
2024
2024
2023
10 Debt
Amounlsfallingdue wiihin oneJEor
Maintenance dcbtors
Other debtors
162
4.813
I I Creditors: Amountsfalling du¢ within one year
Loan repayable within one year (see note 12)
Housing grani
Other accruals and deferred income
26,376
12,620
12,620
12 Creditors.. Amounisfallingdue after more ihan one year
Housin
nt..
The housing ￿ant is held in ¢rediiors and releas¢d over th¢ useful life of the structure which is estimaied
to be 50 years.
024
20
Repayable over one year..
Between one and two years
Between three and five years
In five years or more
12,620
37,860
466 947
12,620
37,860
479 567
Loan..
The loan has been secured with a fixed legal charge over the Ass(Kiation's housing properties. The loan
15 repayable Ls follows-.-
024
2023
Repayable over one year:
Between one and two years
Between three and five years
In five years or more
Repayable within one year (see note I l}
The loan is repayable by monihly instalments and int¢Test is ¢harged at 5.251J/o.
Tota] amourts falling due after more than one year

Lad Lumle
'5 Almshouses
NOTES TO THE FINANCIAL STA TFMENTS
for the N'ear ended 31 March 2024
eserves
Revenue Reserve
The income and ¢xpenditur¢ reserve represents eumulative surplus and deficits.
nated Reserve
Designated rescrves represent unrcstricted revenue reserves sel aside by the Trustces for items of ordinary
maintenance and repair of almshouses belonging to the Charity which recur at infrequent intervals.
Revaluation Reserve
The revaluation res¢rve represents the cumulalive effe¢t of the revaluation of inv¢stments.
Liest Account
The bequest account relate to funds beque&tTried io the Charity in Ihe Will of the late Gerald Woffindin Hassell-
Maw and which, on the stipulations of his Will, were released to the Charity on the death of Miss Margery
WotTindin Robcrts on 2 February 1987. The fund lotslling £194,081 was passed to the oificial Custodian of
Charities with two thirds being held for the use of the Lady Lumley's Almshouses and one third Ixing held for
the use of the Old Grammar School at Thornton Dale. The funds are held in investments by the Charity, and
are regarded as part of the Endowment Ln¢ome generated from the investments can be speni by the charity
however ihe capital r¢serves must remain irLta¢t in full.
Restricted Fund
The Restricted Fund relates to the £2 deeined cost of the Charity's housing land and buildings and other
property which cannot be disposed of by the Charity.
14 Revaluation reserve
2024
2023
Investment revaluation reserve
The tnajor part of this reserve is eonsidered to be in respect of Restricted Funds & Bequest Account.
15 Ren
su
lus
None of the accommodation is relevant for the purposes Of Rent Surplus Fund calculations.
116]

LAd Lumle
'5 A]msbouses
NOTES TO THE FINANCIAL STATEMENTS
or
r ended 31 March 2024
16 Ca ital commitments
2024
2023
Expenditure contracted for and not provided for
Expenditure approved and Contracted for
Nil
17 Contin
ent liabilities
There were no known contingent liabilities at 3l March 2024 (2023.. Nil).
18
Ac¢ommod8tion in mana
ement
There are 12 units providing housing for oldcr people under the management of Lady Lumley's Almshouses
(2023..12).
19 Re
d rt transacti
None of the Trustees was paid any remuneration or expens￿ by the charity during the year (2023 - £Nil). At
the date of these financial statements one Board member was a member of a related Local Parish Council. The
Trusl¢e concerned was not able to use his posilion to his Gommercial advanlage. No Bogrd members were
tenants of ihe properties of the charity.
20
dit ervi
In common with many other charities of our SI￿ and nati]re, the Charity uses its accounlants to assist with the
preparation of the financial statements.
117]

Lad Lumle s Almshouses
PPEM)IXTO THEACCOUhryS
"eare
31 March 202
Management expenses- Social Housing Lettings
Depreciation
Housing
Pro
2023
Total
2024
Totsl
Housing
Mana ement ￿l¢eS
Repairs
Estate Costs
5.108 Repairs
1.593 Insurance
5.537 Telephone & Lifeline
Electricity
6,971
1,760
4,063
766
6,971
1,760
4,063
766
Office overheads
740 Accountancy
1,360 Audit
888 Subscription
5,300 Secretarial expenses
34 tkpr¢¢iation- office equipment
27 238 D¢preciation- housing properties
2,100
2.100
102
7,000
28
102
7,000
14
14
023
8,279 Repairs
2,485 Insuraiice
740 Accountancy
1,360 Audit
2,963 Sundries
529 Heating
777 Cleaner
28 Depreciation (incl. loss on salc)
Investment admin fee
172
2,833
2,100
4,107
486
1,702
Total management expenses
[18J