CHARITY REGISTRATION NUMBER: 230855
Brandon Poor's Estate
Unaudited financial statements
31 March 2024

Brandon Poorfs Estate
Financial statements
Year ended 31 March 2024
Page
Trustee's annual report
Independent èxaminer's report lo the IIu51ees ol Brandon Poorfs Estate
Statement of financial activities
Balance sheet
Notes lo Ihe flnancial statements
10

Brandon Poor's Estate
Trustee's annual report
Year ended 31 March 2024
The Iru51ee presents his report and the unaudited financial statements of the charity for the year ended
31 March 2024.
The financial slalement5 have been prepared in acmrdance with the accounting policies set out in notes to
the accounts and comply with the charivs governing docurrenl, the Charities Ad 2011 and Accounting and
Reporting by Charities.. Statemènt of Recomrnended Practice applicable to charitie5 preparing their
accounts in acctrrdance with the Financial Reporting Standard appli¢8ble in the UK and Republic of Iieland
published in October 2019.
Reference #nd admlnlstrative detalls
R•glstered charity name
Biandon Poor's Eslale
Charlty r•gistration number
230855
Principal offi¢•
3a Hall C105e
Coulson Lane
Brandon
IP27 OHU
Th• trustee
The trustees who $etvÉd during the year and al the dale of approval were as follows..
The current Iru51ees are=
Co•OPtative
J Brabbs Ichaimianl
J Rèddin
E Hunns
J Prioi
A Day (Appointed residents, repl
Nominative
S Skinner (Resigned 22105120231
Vacancy
Vacancy
Ex officio
The Reverend Canon S Cobum (Resigned 31103120241
The Reverend D Coburn (Appointed 21105120241
The Iruslees wèré assisted in the charity adminislrdtion by a clerk, P Elheringlon.
BankeTS
Barclay5 Bank PIC
Leicester
LE87 28B

Brandon Poor's Estate
Trustee's annual report(conllnued)
Year ended 31 March 2024
Land agent
Lacey Scott & Knight
10 Risbygale Street
Bury St Edmunds
Suffolk
IP33 3AA
Independènt •xamlner
L Thurslon FCCA
Lovewell Blake LLP
Chartered accountants
First Floor Suite
2 Hillside Business Park
Bury St Edmunds
IP32 7EA

Brandon Poor's Estate
Trustee's annual report(¢ontlnuod)
Year ended 31 March 2024
Objectives and activities
The nel incomÈ ol the Poorfs Eslale and of Stephen Ashwell's Charity is lo be applied for the benefit of
almshouse residents of the Poorfs Estate. In ac¢ordance with a Charity Commi55ion Scheme dated 26
April 2002 these are poor single persons, normally residents of the Parish of Brandon when appointed with
prèference being given to poor widows.
The nel income of the Ann Curt15 Charity is tr> bè used to make grants of monèy or to provide or pay for
items. 5etvic95 Qr faGililies calculated lo reducè thè need, hardship 01 distress of persons resident in the
Parish ol Brandon. either generally or individually.
The net income of the Hunt and Wilder Charity is lo be applièd for the relief of poor widows resrdènt in thè
Parish ol Brandon either in grfts in kind or in grants ol money.
The Trustèes may also provide almshousè residents with any necessary attendance in case of serious
illness or permanent Infirmity.
The Trustees are responsible for the management of the risks faced by the Eslale. The key control is the
dose involvement of the Trustees in the day to day running of the estate. The Trustee5 are satisfied that the
rnajor risks identified have been adequately miligaled where necessary. It is recognised that systems can
only provide reasonable but not absoluie assurance that major risks have been adequately rn8rEagèd.
The Ch8rity's Policies, in line with those reeommended by The Almshouse Association are now in place
ready lo be approved at the next Trustees, meèting.
In shaping our objective5 for the year and planning our activities, the Trustees have considered the Charity
Commission'5 guidance on Public Benefit including, The Publlc Benefit Requirement IPB11, Running
Charity IPB21 and Reporting IPB3}.
Achievements and perfomianc8
During the year the Trustees have continued lo meèt the objective5 of the charitie5 by offering residential
accommodation al the seven almshouses owned by Brandon Poor's Esl*e in Hall Close, Coulson Lane,
Brandon, for qualifying almshouse residents. Services prowded include heating and an alarm system.
The almshouse residents pay weekly contribution5 for maintènance and for healing. thè maintenance
charge rates vary for S￿ngle occupancy dwellings or double occupancy dwellings and was increased in
April. At the same time the paytnent of WMC was changed from 4 weekly to calendar monthly. All dwellings
are unfumished. Otherwise the charitles, income arises from investments and land leases.
In the year to 31 March 2024 Brandon Poor's Estate have continued lo make necessary improvements lo
Hall Close. Thè paths are still in the process ol being repaired, grab handles have been installed where
requested and a couple of almshouses now benefit from wider front and rear stèps. The regular gardener
Continues to rnaintain the grounds, and has recently planted the dozen assorted shiub5 we were gifted. The
residents continue lo have their windows cleaned on the outside. The replacement boilers have improved
the comfort of residents and reliability over the winter. Thè Quinquennial Survey ha$ still yet been carried
out.
Min¢r maintenance problems havè arisen over the past year and were all deall with immediately. Residents
contact the Clerk directly in the event of a problem and there 15 8 good relationship between them and the
Trustees.
The Poors are sory to see The Reverènd Canon Sharron Cobum leavè, due to her promotion. She ha5
been a huge asset and much loved member ol the Trustees. Her placè is being taken by her husbar)d. Rev
Dennis Coburn, and the Trustees look forward to working with him.

Brandon Poor's Estate
Trustse's annual report l¢ontinuedJ
Year ended 31 March 2024
Financial review
The results for the year are set out in the statement of financial activities. The income of the charity
remained consistent at £26,453 12023.. £23,339), which after deducting charitable actiwty costs cleated
net income before revaluation of £8,082 12023.. £201. Other recognised gains on investments in the year
amounted to £53,088 12023.. losses of £3,160} which when cornbined with the net income before
revaluation, resulted in a nèt surplus of £61,17012023.. defieit of £3,140) for the year.
The valuation movement repTe5enls thè majority of the over811 movèment in the year. whlch in the context ol
the current economic climate, is considered by the trustees lo be in line with expectations.
Reserve$
Total unrestricted 31 M8ich 2024 £487,710 12023.. £428,453) of which £418,291 12023.. £373,116) is
designated in iéspect of the Chaiilablè Fund property reserve. extraordinary repair reservè and the cyclical
repair and maintenance reserve. The freè reserves al 31 March 2024 amounted lo £71,419 12023..
£55,337).
Thè designated funds arè available to meet unforeseen costs for maintenance and major refurbishment and
15 reviewed annually.
The Twslees consider that the unrèstricted funds are suffi¢ient to meet the day to day nèeds of the Charity.
The adequacy of the reserves policy is rèwawad annually.
Investment poli¢y
The Trustees will take into ¢onslderation the social, environmental and ethical stance of all investments il
rnakes.
Spèelflc Invesbment powèrs
The Trustees are empowered by the Chaiity Cotnmission Scheme lo let the Estate's lands not requiied to
be retained or occupied for its purposes. The RSPB rents our Wash Lands adjacent to their Lakènheath
ReseNe, the agreemènt expires in Oclobei 2028 and the Grazing Agreement for 8 Acre Piece in Brandon,
first entered into in September 2020, has been renewèd for a further 12 months until January 2025.
Plans for future periods
The charity expects income and expenses to be relatively stable over the next twelve months and will look
to continue lo maintain a high standard of repair of the alm5hou$ès in line with the objectives of the charty.
The charity aims lo increase the returns tsn investments for the foreseeable future, to supplement foreseen
expense and repaii costs and to maximisé the longevity of the charity. Trustees have increasèd thè Weekly
Maintenance Charge annually since 2021 and will continue to increase in linè vAth government Teslriclivns.
Trustees have commenced discussions to decide on how the Charity will manage work to upgrade the
almshouses, Energy Perfomance Certificates in order to conform lo thè upcoming regulations. The
alrnshouses are currently rated D and will need lo achieve C or above. It is estimatèd that the cost could be
approximately £25,000 per property.

Brandon Poor's Estate
Trustee's annual report (continuéd)
Year ended 31 March 2024
structurè, gov•mance and managemènt
Brandon Poor's Estate comprisès 8 numbèr of registered charities, as follows..
1. The Poo¢s Eslale
2. The Charity of Ann Curtis
3. The Charity of Stephen Ashwell
4. The Hunt and Wilder Ch8Tity
The purposes and administration of the Estate are regulated by a Charity Commission Scheme dated 9
August 1961, as amended dated 26 April 2002 and 22 January 2020.
The registered number for charities 1-3 is 230855. Charity 4 is commonly referred lo as the JH Hunt and
Ann Wilder Charity and is administered together with the other three. but has a separate registration
number. 239975.
The Pool's Estate is also commonly referred to as the Humphrey Hall and Wash Charities.
Brandon Poofs Estsle is registered as a Registèréd Soctal Landlord with the Homes England, registration
number A0644.
Appointment, induetlon and training of trusteès
Trusteès are appointed at the Annual General Meeting or by resolution of the Board of Tiustees. The
number of Trustees shall not be less Ih8n the constitution wilhoul seeking approval from the Charity
Commission or unless otherwise deleimined by an ordinary resolution of the Annual General Meeting. It is
the policy of the charity to appoint new Trustees by personal invitation given knowledge of their skills and
background.
Entitlement to appoint Tiuslees, and the methods provided for such appoinlmenls. are as follows..
Ex-officio trustee..
By virtLJe of holding the appointment of Redor ol Brandon.
Nominalive IruslÈÈs 121:
On a vacancy occurring, thè Trustees are lo notify the Parish Council of Brandon Inow Brandon Town
Councill. The Council de¢ided at an ordinary meeting who is to fill the vacancy. and notified the Ttustees.
Thè duration of the appointment is 4 years.
CTroptativ8 trustees151'.
Se5ecled by the Trustees. and appointed by Ihern at a special meelsng for a te¥m of 5 years. Those eligible
are persons rèsiding or carrying on business in or near Brandon.
No one may act as Trustee before Signing in the Minute Book a declaration of acceptance of office and of
willingness to act.
Appointment, Inductlon and Training of Trustȕs
Trustees are appointed al the Annual General Meeting or by rèsolution of the Board of Trust$ès. The
number of Trustee5 shall not be less than the constitution withoLrt seeking approval from the Charity
Commission or unless olheTwise delerrnined by an ordinary re501ution of the Annual General Meeting. It is
the policy ol the charity lo appoint new Trustees by personal invitation given knowledge of their skills and
background.

Brandon Poorfs Estate
Trustee's annual report (wnlinuodj
Year ended 31 March 2024
Ri$k management
Managèment has revièwèd the rnajoT risks to which the charity is exposed. Where appropriate systems or
procedures have been established lo mitigate the risks the charity faces. As is the case for many eharities.
external funding Tepresents a risk to the stability ol the charity.
True and fair override
Thtr financial stsloments have been prepared lo give a 'lrue and fairf, view and have departed from the
Charities IAccoLJnls and Reports) Re9ul8lions 2008 only to the extent required to provide a 'lrue and fair"
view. This departure has involved following the Accountin9 and Reporting by Charities.. Statement of
Recommended Practice applicable in the u.k and Republic of Ireland issued in October 2919 rather th8n
the Accounting and Reporting by Charitiès.. Statement of Recommended Practicè from 1 April 2005 which
has since been withdrawn.
Independent examlner reappointmgnt
A resolution to appoint L Thurston FCCA of Lovewell Blake LLP as independent examiner will be propo$$d
at the next Annual General Meeting.
The Iruslee's annual report was approved on 25J.Go1.*)2*. and signed on behalf of the board of
Iruslees by..
J Brabbs
Chairman
The Reverend D Coburn
Trusteè
4(L

Brandon Poor's Estate
Independent examinerfs report to the trustees of Brandon Poor's Estate
Year ended 31 March 2024
I report to the charity Iruslee on tny examination of the financial stslèments of the charity for the year ended
31 March 2024 which cornpri5e the slalement ol financial aclivilie5. balance sheet and the related notes.
Rèsponsibilities and basis of report
As the charity'5 trustee YOU 8TÉ responsible for the preparation tsf the financial statements in accordance
with the requirements tsf the Charities Act 20111.lhe Acl'l.
I report in ￿spect of my examination of the eharitls financial statements cariied out undèr section 145 of
the Act and in carrying out my exarninalion I have followed all the applicable Directions given by the Charity
Commission under section 14515}Ibl of the Act.
Indepttndènt examlnerfs statement
I have completed my exarninalion. I confirm thal no material matters have come to my attention in
wnnection with the examination giving mè causè to believe that in any material iespect..
accounting records were not kept in re5peet of the charity as required by section 130 of the Act",
or
the fin8n¢ial slalemenls do not accord with Ih05e records., or
the financial 8tstsTnents do not Comply with the applicable requiiemenls concerning the form and
content of accounts set out in th8 Charities (Accounts and Reports) Regulations 2008 other than
any requirement that the accoun15 givè a 'tiue and fair. view which is not a mattel considered as
Part of an independent examination.
I have no concerns and have come acTOSS no other matters in connection with the examination lo which
attention should be drawn in this report in order lo enable a proper understanding of the aocounts lo be
reached.
Your attention is drawn lo the fact that the Charty has prepared the a¢¢ounls (financial statements) in
accordance with Accounting and Reporting by Ch81ilies." Ststement of Recommended Piactice applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 in preference lo the A¢¢ounting and Reportino by Charities". Stalemenl of
Recommended Pia¢tice issued on 1 April 2005 which is referred to in the extant regulations bul ha5 since
been withdrawn.
l undèrstand that this has been done in order for the accounts lo providÈ a true and fair view in accordance
with the Generally Accepted A¢Gounting Practice effective for reporting perfods beginning on or after 1
January 2015.
,/./..
L Thurslon FCCA
Independent Examiner
Lovewell Blakè LLP
Chartered accountants
First Floor Suite
2 Hillside Business Park
Bury St Edmunds
IP32 7EA

Brandon Poor's Estate
Statement of financial activities
Year ended 31 March 2024
2024
Unrestricted Endowment
funds
funds Totsl funds
2023
Total funds
Nots
Income
Income from charitable activities
Investment income
24,424
2,029
24,424
2,029
21,913
1,426
Totsl income
26,453
26,453
23,339
Expènditure
Charitable a¢livilies
18,371
18,371
18,371
23.319
Total expend5ture
18.371
23,319
Net income beforp transfer of funds
8,082
8,082
20
Othèr recognised gain5 and losses
Endowment Ilossesllgains from revaluation of
investments
Unrestricted Ilossesllgains from rèvaluation of
inveslmenls
1,913
1,913
117n
51,175
59,257
51,175
12,983)
13.140}
Nèt movement in funds
1,913
61,170
Reconciliation of funds
Total funds brought forward
Total funds carrled forniard
428,453
56,876
485,329
488.469
487.710
58,789
546,499
485.329
Thè statement of financial activitie5 indudes all gains and losses recognlsed In the year.
All income and expenditure derive from continuing activities.
Th• notes on pages 10 to 17 form part of these financial 5tatsments.

Brandon Poor's Estate
Balance sheet
31 March 2024
2024
2023
Note
Fixed assets
Tangible fixed assets
Investrnents
10
26,987
463,521
28,190
410,433
490,508
438.623
Current assets
Debtors
Cash at bank and in hand
12
764
58,342
942
48.945
59,106
49,887
Creditors.. Amounts falling due withln
one year
13
13,135}
13,1811
Nèt eurrent assets
55,991
46,706
Total assets les5 currertt liabllltles
546.499
485,329
Net assets
546.499
485,329
Funds of the charity
Endowment funds
Unrestricted ftJnd$
58,789
487.710
56,876
428.453
Total charity funds
15
546,499
485,329
These financial statements were approved by the board of Irustaes and authorised for issue on
. . and are signed on behalf ofthe board by..
J Brabb5
Chairman
The Rèverend D Coburn
Trustee
4cL
The note¥ on pages 10 to 17 fomi part of these financlal statements.

Brandon Poor's Estate
Notes to the financial statements
Year ended 31 March 2024
Gènèral Infomiatlon
The charity is a regisleied charity in England and Wales and is unincorporatsd. The address of the
pdncipal office is 3a Hall Close, Coulson Lane, Brandon, Suffolk, IP27 OHU.
The accounts deal with Brandon Poorfs Estatè group of charities, incorpoiating the following:_
Hurnphrey Hall and Wash Chaiity
Ann Curtis Charity
Stephen Ashwell Charity
J H Hunt and Ann Wilder Charity
The Estsle is a Registered Provider of Social Housing IRPI and is also ￿gIstered with the Charity
Commission.
Statement of ¢ompliance
The charity constitutes a public benefit entity as defined by FRS 102. The financial slalernents have
been prèpared in accordance wtth Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland Issued in October 2019, the
Financial Reporting Standard applicable in the United Kingdom and Ropubli¢ of Ireland IFRS 102),
the Charities Act 20118nd UK Generally Accepted Accounting Practice.
The financial slalements havè bèen prepared lo give a Ituè and fairf wew and have departed from the
Charities (Accounts and Reports) Regulations 2008 only lo the extent required to provide a 'lrue and
fail view,. This departure has involved following the Accounting and Rèporting by Charities.. Slalemenl
of RÉcotnmended Practice applicable to charities preparing their aecounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019
rather than the Accounting and Reporting by Charities.. Statement of Recomrnended Practice effective
from 1 April 2005 which has since been withdrawn.
Accounting policie
Basis of preparation
The financial statements have been prepared on the hisloriGal cost basis, as modified by the
revaluation of Certain financial asset5 and liabilities and investment propÈrtiÈs measured at fair value
through income or èxpenditure.
The financial statements ale prepared in slerfing, which is the functional currency of the entity, and
rounded to the nearest pound.
Going concern
The financial statements have been prepared on a going concein basis as the trustees believe that no
material uncertainties exist. The Iruslee5 have considered the lèvèl of funds held and the expected
level of income and expenditure for 12 months from authorising these financial statements. The
budgeted incorne and expenditure is sufficient with the level of reserves for Ihe charity to be able lo
continue as a going concern.
Income tax
As a registered charity, the activities are exempt from United Kingdom Incorne and Corporation
taxation, provided that the income Is applied to ch8rilablÈ purposes.
10

Brandon Poor's Estate
Notes to the financial statements (Continuod)
Year ended 31 March 2024
Accounting policies (contlnued)
Fund aeeountlng
Unrestricted funds are available for use al the discretion ol the trustees in furtherance of the general
objectlves of the ¢harity which have not been designated for other purposes.
Designated funds aré part of unrestricted funds which have been earmarked by the trustees for a
particular purpose. Such designations may be reversed by fulurÈ decisions of the trustees.
Expenditure cannot be directly sel against designated reserves bul is taken Ihrou9h the Income and
Expenditure account. A transfei is then made from designated reseTve5 a5 appropiiale.
The Charitable ftjnd property reserve repie5ents th81 proportion of the cost of properties which was
financed from the Estate's own resources. The Ch8rilable fund property reserve also includes
depreciation equal to loan ￿paYmentS provided in previou5 ye8rs.
Income includes accommodation and heating contributions (net of losses frorn voids) receivablè from
tenants tsf the almshouses, together with donations ieceived.
Expèndlture
Expenditure is recognised on an accruals basis as a liability is incurred. ExpenditLJre includes any
VAT which cannot be fully recovered, and is classified under headings of the slalemènt of fin8nci81
activities to which it relates.
Charitablè expenditure comprises those costs incuired by the charity it the delivery of its activitie5 and
seNices for its beneficiaries. All support costs are attributable to the charities, m3in activity of
alrrshouse provision.
All costs are allo¢aled belween thè expenditure categories of th8 statèmènt ol financial activities on a
basis designed lo reflect the use of the rgsource.
Tangiblè assèts
Tangible 3SS&ts are initia51y recorded al cost. and subsequently staled at cost les5 any awumulaled
depreciation and impairment losses. Any tangible assets cartied at revalued amounts are recorded at
the fair v8lLJe at the date ol revaluation less any subsequent accumulated depreciation and
subsequent accumulated impaimient losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other
recognised gains and losses. unless it reverses a charge for impairment that has previously been
recognised as expenditure within the Statement of financial aclivilie5. A decrease in the cairying
amount of an asset a5 a result of revaluation, is recognised in other recogni5ed gains and losses.
exeept to which it offsets any preMou5 revaluation gain, in which case the loss is shown within olhèr
iecognisèd gains and losses on the statement of financial activities.
The Estate's almshouses are stated at cost of ¢onstruction including architects. fees and are
depreciated in line with the depreciation policy below.
Deprèciatlon
Depreciation is cal¢ulated so as to write off the cost or valuation of an asset, less its residual value,
over the useful economic life of th81 assèt as follows-.
Fixtures and fittings
15014 Straight line
11

Brandon Poor's Estate
Notes to the financial statements fcontlnued)
Year ended 31 March 2024
Accounting policies ftontln£téd)
prèelation l¢ontsnuedJ
No depreciation is charged on the Housing propèrties hèld f()r ¢haril8blÈ purposes as rt is maintained
lo a high spècificali()n. The truslèÈs are of thè opinion that the depreciation charge and accumulated
depreciation would not be material because the asset has a very long useful life.
Inve¥tm*nts
Fixed asset investments are initially recorded at cost, and subsequently st*ed al cost less any
aceumulated imp8irmenl losses.
sled investments are rneasured al fair value with changes in fair value being recognised in profit or
loss.
Investment property
The Estate owns the freeholds of about 25 a¢res of farmland, which produces income from letting.
There is no iewrded cost. but. in accoidance with cuirent accounliny praclise for investments, the
trustees include Ihe18nd in the accounts al their estimate of ils realisable value.
Flnanelal Instrumènts
A financial asset or a financial liability is recognised only when thè èntity becomès a paty lo thè
contractual provisions of the instrument.
Basic financial instruments are initially ie¢ognised at the amount receivable or paable including any
ielaled transadion costs, unless the ariangement conslilule5 a financing transaction, where it is
iecognised al the present value of the future paymen15 discounted al a market rale of interest for a
similar debt inslrumenl.
Current assets and current liabilities are subsequently measured at the cash or other ¢onslderallon
expected to be paid or received and not discounted.
Debt instruments are subsequently moasuTod al amortisgd cost.
Income from charitable a¢ti¥ltl•s
Unrestricted Totsl Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Accommodation contributions
Service charges
18,600
5,824
18,600
5,824
16,089
5,824
16,089
5.824
24,424
24,424
21,913
21,913
Investment income
Unieslriclèd Total Funds Unie511icted Total Funds
Funds
2024
Funds
2023
Rents receivable
sled investments
1.320
709
1,320
709
1,040
386
1.040
386
2,029
2.029
1,426
1,426
12

Brandon Poor's Estate
Notes to the financial statements Itantsjtrued)
Year ended 31 March 2024
Expenditure on charitable activities
Unrestricted Total Funds Unieslrictgd Total Fund5
Funds
2024
Fulld5
2023
Maintenance costs
Service costs
Support ¢osts
5,584
8,416
4,371
5,584
8,416
4.371
10,226
8,482
4,611
10,226
8,482
4,611
18,371
18.371
23,319
23,319
Analysis of support costS.'
UnreslTicled Total Fund$
Funds
2024
Unreslricled Total Funds
Funds
2023
Independent examinalign fees
other office c051s
Clerks pay and expenses
Depreciation
1.410
634
1,124
1.203
1,410
634
1,124
1.203
1,680
997
1,433
501
1.680
997
1.433
501
4,371
4.371
4,611
4,611
Net income
Net in¢ome is stated after ¢hargingllcreditingl'.
2024
2023
Depreci8lion of tangible fiyed assets
1.203
501
staff costs
2024
2023
Wages and salaries
1,124
1.433
The avaragÈ hèad count of employees during the year was 1 12023.. 11.
No ernployee received ernployee benèfrts of morè than £60,000 during the year12023'. £Nill.
Trust8• r•muneration and •xpens•s
During the year the amount paid lo trustees in respect of remuneration. benefits and expenses was
£Nil12023.' £Nill.
13-

Brandon Poor's Estate
Notes to the financial statements (continued)
Year ended 31 March 2024
10. Tangible fixed a$sets
Hou$ing Fixtures and
properties
fittings
Total
Cost
At 1 April 2023 and 31 March 2024
Depreciatio
At 1 April 2023
Chaige lor the year
At 31 Mareh 2024
20,670
9,932
30,6D2
2,412
1,203
2,412
1,203
3,615
3,615
Carrying amount
At 31 Mareh 2024
20.670
6,317
7,520
26.987
Al 31 March 2023
20.670
28,190
Thè freehold on the Almshouse5 is owned by the Estate.
11. Investments
Listed
investments
Inve51menl
propertie5
Total
Cost or valuation
At 1 April 2023
Additions
Fair value movements
378,933
31,500
410,433
45.088
8,000
53,088
At 31 March 2024
424.021
39,500
463.521
Impa4mient
At 1 April 2023 and 31 March 2024
Carrying amount
At 31 March 2024
424,021
39.500
463,521
At 31 March 2023
378,933
31.500
410,433
All inveslmenls shown abtsve are held al valuation.
Investment prop•rti•s
Th8 estate owns the freeholds of about 25 acres of farmland. which produces income from letting.
There is no recorded cost for the lènd, but, in accordance with Qui￿nt accounting practise IOT
investments, the trustees include the land in the accounts at their estimate ol ils realisable value.
14-

Brandon Poor's Estate
Notes to the financial statements icontinued)
Year ended 31 March 2024
11. Investments (conlAnued)
Financial a$$•ts held at fair value
Individual investments held at 31 March 2Q24 which are over 5°A of the total portfolio by value are..
2024
2023
1,533.81 units COIF accumulated units
394,291
351,116
The fair value of listed investmènts is dÈtÈmin@d by refarènca to th& quoted priee lor idantical assets
in an active market at the balance sheèt date.
12. D•btors
2024
2023
Trade dèbtors
942
13. CMditots- Amounts falling duè wlthln onè yèar
2024
2023
Accruals and deferred income
3.115
3,181
14. Delerr•d Income
2024
2023
Al 1 April 2023
Amount released to income
Arnounl defefred in year
At 31 March 2024
1,501
11,5011
1.525
1,260
{1,2601
1,501
1,501
1.525
15-

Brandon Poor's Estate
Notes to the financial statements (¢ontineJedJ
Year ended 31 March 2024
15. Analysis of charitable funds
Balance at 1
Apr 2023
Gains and Balance at
Ilossesl 31 Mar 2024
Income Expenditure
Transfers
Unrèstrictsd funds
General funds
55.337
26.453
{18,3711
8,000
71,419
Designated funds
Charitable fund
property resetve
Extraordinary
repairs reserve
Cyclical repair5
and maintenance
reseTve
21.000
21,000
351.116
43,175
394.291
1.000
1.000
428,453
26,453
118,371}
51,175
487,710
Endowmènt funds
Investment
reserves
$6.876
1,913
58,789
546,499
485,329
26,453
118.3711
53,088
Balance al 1
Api 2022
Gains and Balance al
Ilosse51 31 Mar 2023
InGorne Expendituie
TTansfers
Unrestrietèd funds
General funds
55,317
23,339
123.3191
55,337
Deslgnated funds
Charitable fund
property reserve
Extiaoidinary
repair5 reservè
Cyclical repairs
and maintenance
reserve
21,000
21.000
354,099
12,983}
351,116
1,000
431,416
1,000
23,339
123,3191
12,9831
428,453
Endowmont funds
Investrnenl
reserves
57.053
11771
13.1601
56,876
488,469
23,339
{23,3191
485.329
16-

Brandon Poor's Estate
Notes to the financial statements (¢onllnued)
Year ended 31 March 2024
The naluie and purpose of the designated and endowment funds are a5 follows..
Charitable fund property reserve - represents the proportion of the Ihe Cost of properties which was
financed from the Estates own resources, hèld aside for future rèpaymènt.
Extraordinary repairs rÈserve- reprèsènts funds designated for extraordinary repair or improvement ol
almshouses.
Cyclical repairs and maintenance reserve - represent funds set aside for the expected future repair
and rnainlenance costs on a short term cydical basis.
Investment resètvès - rapresent funds held inlinè with the endowrllenl foi the long term prosperity of
the charty.
16. Analysls of net assets bètsvèen funds
As at 31 March 2024
UnrèstTi¢ted Endownmenl Totsl Funds
Funds
Funds
2024
Tangible fixed asse15
Investments
Net current assets
26.987
433,792
26,931
26,987
463,521
$5.991
29,729
29,060
N•t Ass•ts
487.710
58,789
546,499
As at 31 March 2023
Unie51ricled Endownmenl Total Fund$
Funds
Funds
2023
T8ngible fixed assets
Investments
Nel current assets
28,190
382,616
17,647
28,190
410.433
46,706
27,817
29,059
Net Assets
428.453
56,876
485,329
17. Related p8rties
Other than if els6wh&re dis¢losed in the a¢counl$. there were no related party Iran5aclions in this or
the Prior period.
17-