THE HERMITAGE ALMSHOUSES TRUST CHARITY NO: 231011 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 THE HERMITAGE ALMSHOUSES TRUST INDEX TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Trustees. Report Independent Examinerfs Report Income and Expenditure Account Balance Sheet Notes to the Accounts THE HERMITAGE ALMSHOUSES TRUST THE TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2026 Trustees: las at 31 March 2026) Mrs. R Black {Chairpersonl Mr. C Hopkins Mr. C Kennedy Mrs. S London (Clerk to the Trust) Mrs. C Mills Revd. J Mintern Mrs. K Pearce Dr H Powell Mr. N Tatman THE HERMITAGE ALMSHOUSES TRUST THE TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2026 The Trust The Hermitage Almshouses Trust is a registered charity, No 231011, under the Charities Acts of 1992 and 1993. The property owned and administered by the Trusl consists of nine self-contained bungalows, Sultable for both single and double occupancy and a Wardens House. No rent is charged. However, dues are charged monthly in order to contribute towards the running costs of the properties and their environment. Overall objectives of the Trust To provide accommodation for retired professional persons who are unable, due to lack of capital, to purchase their own home, or have difficulty securing suitable ￿nted accommodalion. Overall objectives of the Trust in the year 202512026 To continue to maintain and improve the fabric of the buildings and to improve the comfort of the residents without the need to increase the dues in disproportion to the cost-of-living index and improve safety Standards where possible. To maintain our ongoing record of care and support of all residents. Achievement of objectives in the year 202512026 One unit was ￿llY refurbished, and the drive was re-tamacked, allowing for an additional car parking Spa￿ to be creatsd. Sue London Clerk to the Trust (HARITY (OMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trustees The Hermitage Almshouses Trust On accounts for the year ended 31st March 2026 Charlty no lif any) 231011 S8t out on pages I report to the trustees on my examination of the accounts of the above charity ("the Trust I for the year ended As the charivs trustees, you are responsible for the preparation of the accounts in accordance with the requiremenls of the Charities Act 2011 Ilhe Act°}. Responsibilities and basis of report I report in respecl of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(bl of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect". the accounting records were not kept in accordance with section 130 of the Charities Act., or the accounts did not accord wSth the accounling records,. or the accounts did not comply with the applicable requirements concerning the fom and content of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair. view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Please delete the words in the brackets if they do not apply. Date: 28104126 Signed: Name: Jacqui Letsome Relevant professional qualificatlonlsl or body lif any): Association of Accounting Technicians Ilntem18diatel Address: Volunteer Centre Wesl Berkshire Broadway House. 4-8 The Broadway IER Oct 2018 Newbury RG14 1BA Section B Disclosure Only complete If the examiner needs 10 l)igl)lighl Inaleri81 mallers ol coiicein {see CC32, Independent examination of charity accounts-. directions and guidance for examiners). Give here brief details of any items that the examiner wishes to disclose. IER Oct 2018 THE HERMITAGE ALMSHOUSES TRUST INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2026 UNRESTRICTED FUNDS 2026 2025 Income Resources Deposil Interest Grants Re￿IVed Legacies & Donations Investment Income Rental (Wardens, House) Residents. Dues Sundry Income 351 558 11410 10335 44449 146 11077 10104 42758 80 Total Income Resources 66691 64577 Resources Expended Bank Charges Professional Fees Building Refurbishment Electricity Emergency Call Service Garden Maintenance Heating Oil Insurance maintenan￿ & Renewals Salaries Subscription Sundry Expenses Water 25 40 37366 433 530 5615 6133 2146 18000 2715 365 463 2306 61 23861 1125 563 5540 9982 2091 73385 2520 353 425 1923 Total Resources Expended 74137 61829 Net Incoming {Outgoingl Resources before Transfers (74461 2748 Net Incoming {Outgoing) Resources for the year (74461 2748 Gainsl{Lossesl on Investment Revaluation (33106) (18977) Net movement in funds Balance brought forward at 1 April 2025 140552) 480759 (76229J 496988 Balance carried forward at 31 March 2026 440207 480759 THE HERMITAGE ALMSHOUSES TRUST BALANCE SHEET AS AT 31 MARCH 2026 2026 2025 Notes Fixed Assets Tangible Fixed Assets Investments 47764 355214 47764 388320 402978 436084 Current Assets Cash at Bank Cash on Deposit 10229 27000 12175 32500 37229 44675 Total Net Assets 440207 480759 Funds Unrestricted Restricted 440207 480759 Total Funds 440207 480759 THE HERMITAGE ALMSHOUSES TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2026 Accounting Policies The Accounts are prepared under the historical cost convention, except that investments held as fixed assets are slated at market value. They are also prepared in accordance with applicable accounting standards and the Statement of Recommended Practice for Accounting by Charities. (al (bl Grants receivable Grants made towards the cost of acquiring fixed assets are capitalized and written off over the useful life of the assets as recommended by Standard Accounting Practi￿ 4. Other grants of a revenue nature are included in the income and expenditure account in the same period as kne expenditure to which it relates. {cl Depreciation Depreciation is not provided in respect of the freehold propety which is repaired and maintained on a regular basis as required. The Trustees consider that the value of the property is in excess of the cost figure shown on the Balan￿ Sheel. {d) Transfer between funds Transfers are made from unrestricted funds to restricted funds to the extent that expenditure is in excess of income. Tangible Asset Freehold Property 2026 2025 Freehold Property Cost at 1 April 2025 and 31 March 2028 47,764 47,764 Nel Book Value At 1 April 2025 and 31 March 2026 The Freehold Propety consists of nine freehold almshouses and a bed roomed house. 47,764 47,764 THE HERMITAGE ALMSHOUSES TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2026 Fixed Asset Investments 2026 2025 Units Opening Valuation at 1 April Cash Added to Investment Portft)lio 19933.68 388320 407297 388320 407297 Gain/lLoss) on Investment Revaluation 33106 18977 Closing Valuation at 31 March The book cost of the Investhents is £312,91412025 £312,914). Investments are in Income Units of the COIF Charities Investment Fund managed by CCLA Fund Managers Ltd Approved by the Trustees at their meeting on 5 May 2026 and signed on their behalf by.. 19933.68 355214 388320 Mrs. R Black Trustee Mrs. S London Clerk l T