Charity regi8tralionnuTnber 232743 Benenden Almshouse Charities Amual Rqjort al￿ FinwJriEI Statmts fortk YrJT Ended 31 December 2025 Benenden Almshouse Charities Contents (eolltinued) R¢frren￿ and Admiri￿Ve Detsi15 Ito2 InL¥teeè Retx)rt 3to5 sta￿M￿ of TnLStecs' R¢s￿[Gibl11¢1cs IndeÈxTJdeni AuditOTd Re￿rt 7t09 Ststement ofFinaucial Activits¢s 10 Cath Flow Statenw 12 Notests the Fitt￿¢￿1 Ststements 13to24 BeneDden Alrnsbous¢ Charities Reference Admltttstrative Detsils Chalrmatt Robin Dalton Flolmcs Tr*Jtet8 who served in 2014 Robin D￿t￿ll HoJm¢s J•J*i B¢onie JohD Burbage The Revd. Dawd coMt￿a B￿r Guifand Colitt H8ym9JL Arian￿￿ Neve Other oifiee D¢ix)rthJcnkin4 Clerk Chirlty R¢gistrntion Number 232743 Rryutered offi¢¢ The Rectory Th¢ Green Benenden Cranbrook TN174DL Lloyd% Bank plc PO Box 1000 CSU Charl￿n Pla Binkers Atthver Hamp8hite SPIQ IRE The Charity Bank Llmlted Fosse Ho 182 Iligh Sttvi Tonbridge IN9 IBE Auditor Vicroria House The Moor Hiwkhwst Cranbrook Kent INI8 4NR Bellendell AitDSbou8¢ Cb*riti Reference ¥Jlld AdminiJtr#ttve Detsils (eontinued) OthtrRtftrthet *nd AdmlnirtrAtion Detsils Qu*mtlty SuT¥eybrs D&Ten Sill & AssociatC5 Grttnacres 66 Hockers L￿e D¢tliDg Maidsion¢ KENT MEI4 3JW Project MIn•Eem￿l LogÈc PMIN Bast¢T} Suite 15. Mtiidth)r￿ House Maid8tolle KENT ME15 6AW Page 2 Benettden Almshou3¢ Charilies Trusttt8' Report The ¢nM¢¢s pr¢s¢ni the atmual ￿port wgcth¢r with th¢ fthajjcial statements and auditor5, rcportofthe ¢harity for the year cn(kd 31 DcccmE¢T 2025. Tk fIt￿ClaI stawnents knve been prq>arcd in [￿rdan￿ with the &tounti￿g Fx)li¢i¢$ set out in the notesio fllmriaj statements and o)tnply with the djariws de¢dand applic?bl¢ law. Cottstitution Ch*itable Trust wa5 ¢5tsbIlth￿ by a Thi# Deed dat¢d 12 Jonuary 1960 ordcr to athuinistrr the Cjwities fortn¢rly &% Tr ThOrnHOu￿ ch￿lty, and'The Feoffec Cknity. The maw¢m¢tLt orth¢ TnL51 15 the Jes￿>n51bI1lty of Tnthr5 appTrinted for their relevHtrt sklllg 8lld Spproved by thc Be]xndeft PgJish C4bUllCi], kn8¢iherwith aneX￿ffi¢lO Tru51¢¢ being the Reclor of Be￿[th Obj¢di¥u l￿d •ctivities The prineipal object of the TN5t is to provide accommodation in thc of Almshouses forpxbT or nttdy pers with slBtiifLC8ttt rtsidenti￿ link5 ty BeneE￿JL The agrttd proj¢Gt comprises 12 a]mshouxs of varying 5iZeS to Fffovid¢ arL0]Dm￿jtrn lor o rang¢ of Qu￿1￿￿n% ￿Sidents. The Charity is fortunat¢ ill I￿￿nE [tO￿lIe1 TnL8tees with essertti￿ w of appropriat¢ TKeess9ry skills for th¢ p12Dned development of 12 l￿W almshouses in Fcoffet Fields. Two ¢ontra¢ts wrre agreed sig[￿a with Canhgm Homes Ltd for th¢ 50le of l&tHI for private housing and Sim￿l9￿e0￿sty th¢ con5tru¢lion of 12 new a]mshous¢s, It was agtced that the 51Z¢5 and twrtthr of uniis would match thE r¢qviTcments of the large nurn￿r of >teniia] applicgJts conDeClio￿q to th¢ rArish who hve eXp￿SSed a Strong inter￿( the occupation of single. th)ub]e and larger accommodati(m. li is hoped that the units will bt ready for oc£llpHtion in April 2026 on th¢ b8SiS Lbf ami&MaTth prath1￿] ¢ompl¢tiort date. The Trust¢¢S A￿trd that the ¢xisting T￿[d¢￿ts of tht six units in FcolTc¢ CottJg¢s $knuld Rlocated to the devclopnKnt if F¥)55iblc. This would enable a renthlling a￿1 upgrdding of a¢tommodation lo producc four vertically divided mo(krni5¢d untts. 11 w&$ ihat rf the planning applic4tion for thi5 Mod￿1]$￿tiOn approv￿ by Tunbridge Wells BoTOUEh Couo¢il it w)uld be finwce4 in pao by a Kcond grani from Hornes England. Dwin8 th¢ ycaT ? i)¢tupant of No.6 Fcoffe¢ Coltages ￿expeCted]Y di¢d He w r¢pla¢ed by t ￿1￿708 20 yw lot>g terni n*mt¢r of the Bettendejj School r¢sideDt $L￿T, to8ether with her husbaThd in th¢ Spring of 2025. It was further agrccd that, if po3sible. Mrs Deborah J¢nkin4 tkn ChaTity'$ Cluk should b¢ provided with a nanent site otSce adjacent w the F¢offec Cotta8es to bcttcr copr M'ith th¢ in(￿Ssed that will com¢ with thE athjitionaj nwnber of units and r¢5idents. MTS. J¢nkiti9 had alFAI agreed lo an incre2se ill her vmrking hours 10 3 days a ￿¢￿ Developrnenl Futtdlttg The fund5 5¢wred the siyJin8 of contracts with CFJth8m Homes for the sak orth¢ piivyte land frll short of the costofdeveloping the 12 ttew alrtLshouses. Th¢ Charity thn)ugh its Memb¢rEl￿P orth¢ Alrn$hous¢ G)ttsortium rDOl￿ed kn secuT¢ a grant frojn Homes England for £660.000. ofthis £495,01)O Was paid on the tottunenteme]Lt of developmettl ijj February 2025. The balanc¢ of £165.000 15 due to he pttid following Practical Complctiotl of the (kveloprtrt li is hO(￿d these fi￿1￿5 wiu I￿1 only ￿Y for the n¢w alkns but abo rcpl¢nish the Cjjarity's serves. Pag¢ 3 Benenden Almsho￿e Charities Trus¢tts' R¢port {WDtiDued) ObJét¥h¥ strrtegleJ Revlew#tsd Policy Obiettives Developmont PJ• The A]m5h(¥u* Sectorrcmains exempt from fv Right to ertitlcmettt. The con4ruction of d¢velopment woviths a onMiff opportunity to r¢model mod¢mise Ik accomrnod&ion at Feoffee Collages. This is the priority for the TnIS￿8 followed by a similar exerLise fvr Tlxm JttaECS. OJJ(£ done the Charity's property portfolits will be modern and fit for purrA)se. The ittcre￿td revenue frorn the Soci￿ Yehts will ￿$0 eJJ#ble th Chwity lo coDsi&rothet w￿rtU[litieS in the Cutwe. Voi Void5 ar¢W]K￿ no T¢nts T¢￿]Ved ￿)d ttL¢ pfopErty i5 vawl. Publit benefrt In setting thc charity's objcctives and planning its activmcs thc Trnsttts have given cotLsidcra(ion to th¢ Charity Commission guidance on public benefit. Th¢ tnJ5tf¢5 Conf￿ that Ih¢y hav¢ complied wÉth th¢ rquir¢mrnts of5¢dion 17 of th¢ Chariti¢5 Act 201 I to hav¢ r¢gardtothe public IKnefit guidance pub]i8Tr*d by the Charity CIMrniission forEngland and Wk)les. Strutturei governlnce and mxlligement RiskM4DwEeTh¢Tht Th¢ T￿￿5￿&v¢ a risk ￿￿￿g¢￿ent 5tsat¢gy wkn.ch ¢ompn5¢5 qn otlgoing r¢vi¢w oftr risk5 th¢ Ch￿lty may face.. th¢ ¢x8blishmenl of sy5Trm5 and pro(tdures io mitl8are the ideniified risL8' and the implenxntation of pr￿edu￿8 designed to m1ni￿Se ony W*Thtiat impact on the Charity should tmse risks materialise. verdl trLLFte¢s ha￿ $i￿]rI¢d thai thEy would of ￿ thaDc¢d ￿. wish lo relinquish th¢ir rol¢ YJLd Ttsign. )ttntial rtplatement applicarrts will #ttend 8 futs]Tt Truste(%' mettin8 to establish whether they nwght ¢njoy the d￿1¢5 of ￿ste¢ShiP and all active appointmenL Tbis will coDtribJle io a nwked reduthion in the average age of Pag¢ 4 Benenden Almsbou5¢ Ch#ritieJ Trustses, Report (contill￿ed) Poliry ox reJeryeJ The TTU51¢cs have rtsolvcd that th¢ir ongothg metves policy should br Such thaL aside from malor ¢apitai developm¢n( T¢S￿V¢S to the Val￿ of a mintm¥m of 2 years maiftt¢nan¢e conlriburioJLS should normdly b¢ rin*fenced to providc for lo>8 of iJ>come in the wholc of on¢ protxrty pl￿8 th¢ cost of ￿fi￿bIsh1llg 2 Y￿ant accommiKl4li4M) dwelIings simultsneou81y. At the yeaTrend free re5EfYcs Wtt¢ £765.159 (2024.. £45,593) 2nd this should cover the remaining c4>nStrvction wsts. Tht ¢uueTht objective is w target for reserve5 of £100,￿0. The Itvs￿ hav¢ mHintainEd fullds in acce￿ible investrnellts and other holdtng> Trn*ees have agr¢¢d ttapitaiisation w]i¢y of anything over £500. DistIo*p￿ of inforniti(FD to auditor Each kn tskcn strps that th¢y ou8ht to Jjave taken lls H order to make thenJsrlv¢s iw¥re trf any relevant audit information and to C5tsblistL that th¢ t￿lty.8 audiwf j5 of thai information. Th¢ tnws fiym thwl there is no Televa￿ iofornt*tion that th¢y know of and of wtiich thcy kN>w fr auditor is ul￿w￿. The anDuo1 rerA)rt will bt approv¢d ai th¢ AGM by tht I'rnstccs ofthE charity lrt July 2026. Page 5 Benelld¢D Al]n8hou8e Chariti¢ Statsment of Tr￿te¢s? Re$pon8ibilities Th¢ trwes ore ￿S￿l]SIble for pRparin8 the t￿￿s. rewrt and the financial ststements accordanc¢ with th¢ United Kingdom AttOWding Stattslards Iunitcd Kingth)m (kntraity Accwtcd Ae£ouLtiDg Practic¢} ATh1 applicable law and regul￿10￿5. Th¢ law applicable to thaTities ￿qUitE$ the trustees ￿ prepart f￿anCIaL statements for each financial year which ¢ a tN¢ and fair vi¢w of th¢ st*¢ of #ffairs of charity aod of the intomiLB resources aDd app]i¢￿iDn of resources ol'the ciwity for thatp¢riod. In prcparing th¢5e fi[W￿la1 stat¢m¢nt& thc trusl¢¢s 4r¢ wquited to.. 5cl¢ct 5Uitabl¢ 8crounling pDIiGi¢5 al￿ thED apply them comsistentty. observe the metlwNJs and principles in the Charities SORP. make judgements end ¢stim4trs that art reasonabl¢ pnu*' wh¢dKr applir&bk 4rcou]rting stHnd3rds followwl 5￿je¢l w •Ly mateTi8L deparn2tes disclosed and cxplained inlhe flnancial 51a*m¢nts: and th¢ finan¢iAI ststemttsLS on the 8Oin8 wncern b&8is uttless it is in¥*propriate to preSLID￿ that th¢ charity will continu¢ in busine The trLLStees 3re re4x)llsiblc foi kccping woprr accountithg tc£otd5 thal disclos¢ with r¢wnabk accura¢y at any tiEnE thE fuwi¢ia] posiiion of the chariiy and enable to ensure that the flnanci￿ staiements comply with the Charities Act 2011. the Charities (Accounts and Rcwrtsl Rceulations 2008, attd the pmvisions of thc ¢onstiwtion. The inL5*e5 are responsible for safeguardll￿ th¢ as5¢ts of th¢ charity ￿¢[￿< fi)r tskitbg ￿&Sonabl¢ sl¢ps tor the preventiott and de￿¢tion of fraud and oth¢ri￿¢gU1aritlt The t￿￿8 ar¢ r¢sp0Tr5ibl¢ for th¢ maint¢narK¢ Rnd integrity of the torporate and flnancial iDfonnation included oll thc ¢haritsblc company's websi*. LcgiSI￿IoD governing tk preparatv)n and (liss¢mination of may differ from le￿sla￿On in other juri8dithions. Ap ed b the tnLfft65 of the ch&ity onlo..4.¢*4p.. sI￿d on itsb¢half by.. Cbwifiian and trust¢e Pag¢ 6 BeDend¢n Almshouse Cbarities IndeptThdeot Auditor's Report to the Members of Belleud¢o Ajmshouse Cbariti Opini W¢ wdit¢d the fJnatLciai stat￿ts of BerKnden AJnh5hw Cl￿rItIeS {the 'chuity) for th¢ yw etsjed 31 December 2025. wbich cornpri5e th¢ Statement of F￿￿1¢]￿1 Activiti¢& Ba13nce SheeL Cash Flow Sts*m¢nl. and Notes to the Financial Statements, including a sun]]Dary of signifi¢anl accounting poliGi¢* The financial T¢P(krtin8 frarncwotk that h&% b¢en Èpplied itt Ihcir pr¢paration 15 Unittd Kingdom Accounting Siottdards, comprising Ch￿￿tLeS SORP - FRS 102 FiThanciai Rery)rting Stand￿￿ applicabk in the UK and liepubli¢ of Ir¢land' 2nd licable law (Urtitrd Kingdom Genmlly Acrepted Accounting Practic¢). In our opu)ion th¢ fJThwllcial stat¢JDents'. giv¢ at1￿ fair view of the Df the chaTity¥ affair5 a5 al 31 DecemFxr 2025 JTrJ ofits in￿Ming Tesour¢e5 and 8pplitaih)n of Tesoiircc4 Ln¢ludint its inL7)m¢ and &xp¢nditw¢, for the year then ¢nd¢d: have been WI￿rty prcp&Ted fft i*tordallee with Unit¢d KinKdom &nerally Acrepted Accounting Practi¢¢', aDd haye beenFfP8r¢d in wordance with th¢ T¢quirn￿ of the Ctwiti¢s Act 2011. Y*$i* for opilio We ¢ondurtd audit in accordanc¢ trtlernational Stwdards on Auditing IUKI IISAS IUKII 8t￿ app]icabIe jaw. OLY ￿5￿)￿Ibilities tho% standardg are fijtthcr &scrib¢d in th¢ auditor responsibiliti¢s for tht audil vr the fjttancial stat¢Eu¢n15 S¢¢lion ofour report. We arc in(k￿)de￿t of thc ¢harity in ar*oJdance with th ethtul rtquirements that relevatst to our audit of th¢ fillantiai sta*ments the UK including th¢ FRC'S Ethical StatLdar4L alld have fvifilled our other ethi(al resp)nsibiltii¢s in accordance with thesc rwwTEments. We believe that audit ¢videttte have obtaitKd 15 wfficient and approwial¢ to providE a b&is for our opinioj). CoD¢lu#Ton8 T¢l&ting to gOlDg COD¢¢rn In auditing the fitsa￿l￿ ststements, wc have (XbncludBd that the Injstees use of the going oo]Jwn Ix8ts Or4￿￿untinB in the prrpwation of the fin8ntigJ sthen*nts is appropriat¢. BBsed on Ihe work have perfornied. we Iwv¢ not idetttified aDy mal¢rial unc¢rfainties relatir4 to events or cO￿allIOnS thaL Individ￿lly OT colleciivcly. may &grkifiwi doubl ihc charitys ability to coniifiw as a going conc¢m foT ap¢riod ofat l¢aèt tsvelve mojth from when th¢ Orig￿￿1 firtartciai *atements wrr¢ authorised f(x issue. tESWll5ibiliiies and resFx)tssibilities of the trusl¢¢s with rc5PE£ttO 80ing concern d¢￿Tibed ill the televant sccIi0Th5 0(thi8 Yeport. Oth¢r infoTmaliD The tnjsiees are respDnsible for the other infonnalion. The other iofonnation tompTl8es the infornjation included in the a[￿￿al ￿PD[L other than the financial statements pnd OUT ttudiior's rctKJrt thercon. Our opinion ort the fmam¢ia] state￿ts drts noi coverthe oth¢r infoEnJalion an¢ exc¢ptto thEextentothErwisc cxplicit]y %t*d in our rep)rt. (h nol ¢xwcs5 gny fomi of assurni¢¢ cotKlusion thereott. In conn¢ction with our audit ofthe fitWLcial s1at¢m¢nts, OUT T¢Spon$ibility is to read th¢ oth¢r intotmation an￿ in &Jing so, con5idet whether the other information is matrrially in¢on5iStertt witb tht flnanci￿ statements or our knowledge obtsined in the audit or oth¢M* be mat¢rially JDi55tated. If ideniify th ￿￿terial iDwttsistencies or aPp3￿￿t ]natC[i￿ m15*at¢n￿￿, we aye requiyed ty) det¢rmine whether there is a rna¢eri3J Ilhi55tsteffjeni ill the fJnan¢i8J statements or a maitTi41 mi55ts1e]DEnl orth¢ oiher infortnatioll. If, b&*d on the work. hav¢ ￿rfOrn￿d. we con¢lThJe that there is a rLatrri&l missi¥tthtrJht of thi8 other ithntL&tior4 * are required to repjrtthat fxL Page 7 Benendell Alnhshouse Charities Independent A•ditor's Report to the Members ofBenenden Altllshouse Charities (continued) W¢ knve nothing 10 tbis yeg8r Matters v•hl¢h we ar¢ re4ylr¢d to report by exttptio]I In the light ol. OUT knowl¢d8e aNI un(kTStandiThg of the charity and its erwiroThment obtsined in the coutse of 8udii ￿ have not idcntifitd n)at¢rial mtamtcments ift the TnLtyC¢S' Retth. We hav¢ rth)thing Lo r¢wkrt in r¢sF¢ct of tk folbwwg nJalt¢T5 Wh¢￿ Chariti¢s (Awunts aud Rwrtl Regulations 2008 r¢quiTes us tore[￿ lo you if. ITh ow opinion.. adequat¢ a¢cowiting ￿CordS hav¢ not tc¢n k¢pL QT remrns 3d¢quate for our audit Iwv¢ bt¢n retriv￿ fTom bra￿h¢S not Vi51t¢d by u5: or th¢ ful3￿1a1 51atetnents are in a8TcemEnl with thE accounlitLg re¢ord5Hnd rekn: or tertain dis¢logJre5 of Ttmuncratlon spectfjed by law atr t)ot mad¢'. or have not rcccivcd all t￿ infornmtion zajd explanation5 WC Tcquire for ow audit Re5ponsthiliti¢J of trus¢¢cs As explained MOJY fully in the Slatemeni of TJu8teel Resp)nsibilities (sei out on page 61 the t1v￿etS aT¢ reswllsible for the preparation of the financial statements attd for being satisfLed that they give a tnEe and fair view. *Jd for sllch itt*mAJ cfjtttrol as the tn￿¢8 (kknitte is Thccess￿ to enable the pTeparntion of fin￿¢1￿ ststements that are free frotn tnaterial rnithatsts for two va￿t dwelliD8S. The trustees have a150 considcttd the risks a55ociatrd with the development progrornty in¢luding wtrntia] delay4 cost ovemms. and the tirning ofgrAtti receipts. Bas¢d on the ithformation availabl¢, lh2 contractual anw￿MentS in plllce, and tht charity's Strong liquidity Pjsiiiow the trustees do not consider Ihe8e risks to sigrLifi¢8nt thubt o the thaTity'S obi]ity to ￿ntIM￿ as a8(}￿18 ¢oncem Accordingly. the Irustees coDsithi that th¢ ¢harity has adequxtr ttSOUT¢CS to continu¢ in oper&10￿[ existencc forthe fweseeable fulure and hav¢ prep￿t￿ the s¢al¢n￿llts ott * going con¢¢rn hsis. Page 13 B¢neDd¢D AlmsbouJe Charitie Notes th the Flnatteial Ststtments for the Year Emded 31 December 2025 (continued) Judg¢ments Judgements and Key Sourc¢5 of E#imationUnctrtainty In prwing thes¢ fmanGig1 stat¢tn¢nt4 the trus¢ecs bav¢ Jna& jyd8cmEnl& tstimlltes and ￿UMptiOnS that afftct the amo￿ts re¢0￿)￿8ed. Trs¢ judgements and ¢Minates are r¢viewe41 oll an ongoing bttsis and 8T¢ b￿d on histori¢al cxperienct and other relevant factors. Actual may differ from thcse estiThiaies. la} Capitalisation of thvclopmcnt CXF¢nditw¢ Thc t￿￿tr¢S ha￿ &￿rG15rd jvdgcmEnt in d¢l¢rminirJ8 whith wsts associftted With the Feoffet Fields development should ￿ ¢apitslis¢d as t3ngibl¢ ff￿ed oss¢& ODJY d￿CtlY Xttrilmrtable costs that enhallee the fiJbJr¢ ¢conothic nefit of thc have btcn c&pitalis¢(L Costs ￿lat]Dg to fcasibility, Eov¢riiin(¢ OT g¢nmJ othministr8tion b8v¢ beenexwd &% incurred. (b) Rceognition of grgnt inwm¢ )ud8ement is Tequired in detemiinir¥ the point at wluch entitlement to Ihe Homes Ellglaod arisc& The tnjstees ¢onsidtr that EntLil¢nKnt ¢xists wh¢n th¢ conditious attarkd to trall¢he of [￿dIng are meL Ae¢ordin8ly. the first tranche wa5 Tccognixd on ￿n￿ll¢ll¢¢￿￿nt of d¢v¢loEOKrt rtmtiining trkttthe deferred until prkttical ¢ompldion. {c}Cl4ssification of fL Thc ttU5tCC3 hav¢ judged th81 all futsds ayc unycstrithd. Although certain amouThts ar¢ ¢arnarkrJ for firtur¢ r¢fi￿b1$￿TllEtii WOtk& these rep￿8¢￿1 ituernai designations at>J do rM)t restria the le8a] w ofthe fund& Key ¥ources of ¢stimatio# uncertalTrty la) Depreciation of tawble fLYed assets Depreciatiort is ch8r8cd to WTitc dowm thc cost over thtir ¢Mimth ￿ful livck The ¢¢onomi¢ liv¢s r¢sidual value5 are based on the trust¢es' Ixst estimates. tskitig into account the nature of the assets and ex￿(*d pgtt¢rn5 of use. A¢tuaI outcotnes may differ, particularly in relation to Jmvly develoyxd a]mshouse PrO￿lC& Ib) Pttsvision lor fijture repairs a￿] maintrnan( The clwrity has ￿C05nised a provision of £11,034 for anticipted fijttre works. The amowrt and litning of thest ost5 or¢ irthcrently W)¢¢￿iti ONJ ore bosedonprof¢ssional 8dvi¢¢ wd eX￿1¢￿tt. Actual costs may vary from thc c5timatCs U￿d. 1¢> Valuation of imTesth Quoted invesbllej￿ are stated at t￿arket va]w. val￿$ fluLtuatC Wlth rn￿k¢t conditions and may diff¢T from the ￿￿Trts uJtinw*ly T¢OJis¢d. PNg¢ 14 B¢ll¢nden Almshouse Charitie4 Notes to th¢ Financial StstsmeDts for tbe Year Ended 31 Detember 2025 (continued) Jttcomt eDdowments Gr4lli l•cwm¢ (HomesEJ¥lfjn4) Grnlt incom¢ 1$ reco￿lIsed ID the of FiDancig1 Activiti¢5 the charity has aJtitlcm¢nl pmbxble tel￿ and th¢ amount carl be mts%urcd reliably, in with the p¢rf0mW￿ r¢Ja*d (x)nditions ￿t oul in Wher¢ grant iw)me is linkcd to 5PEcifJc ttulestones.. . amow￿4 rclatiThgto omnLetscement of developmc]rt )r¢ reeogDised wh¢n the rekvaot coJJdiuons have b¢¢n mc4 . Amouttts relating to Pr￿tiCal Compl¢tion arc only the Prxlical Compktiorj criteria have b¢¢n i%fied. Gr8nt itKorn¢ th•t th)¢$ not meet1h¢s¢ ￿lteria atthe Teporting date is d¢fwrcd R¥Jtsi incom¢ from almsho￿8¢ accOmmod#t￿n is rtcogniscd on basis Ès the seThicc is provided to r¢sid¢Ttt& Incomc ￿ rrtognK*J of void5 and any tent ￿dUctiO￿% grant¢d in ￿rdartee With the tharity's lities. Inveslmeni income i% re(Xy￿18¢d on a rx¢ivable basis. ChO￿&ble acti%Yli Inttsme from chaTilabl¢ #ctivitie8 includes incom¢ earned (as th¢ rElatEd go(xl$ orservices ar¢ pmvidedl ￿der contract. Exp¢Ddltur¢ All expendi¢we is recognistrd ottcc th¢r¢ 1$ a le8al or toJJstrnctiv¢ oblig4tion to that expend]lu￿ it L5 probabl settlement is required 8T￿ the amouni be nKasur¢d r¢li&bly. All costs ar¢ alloc*ed to thE applicable txp¢nditur¢ heading that aggrtgate similar costs to that cai¢gory. Wh£Te costs cannot be dirttily attribut¢d to pgrticular headings Ihey hav¢ b¢¥n allocated on a bagL5 Wtisjslent with th¢ use of resources with c¢ntral sthff costs ajlotatcd on the basis of time spiL dyreci&tion chaTges allocated on the wkrtion of (he ￿et'S use. OdKr SUPTX>rt ¢oaS art 8]lota*d based onth¢ 5prcadof stalY¢ost& CAwiiabledclhYlies Titablc ex￿ndit￿re compriscs th0* ¢05ts iDcunrd by th¢ Charity in d¢liv¢ry of its. ￿tivitieS and services for its knrfitiaries. It in¢lud¥s bDth c0515 Ix allocatcd ditrrtly to such a¢tiviti¢5 ONI th0￿ costs of all illdirect a￿]￿ nete&%ary to support th¢rrL Goveriance costs CJoverrt8nCe COMS iD¢lude costs of the preparalion and tX2minatioh of thE 5tstuknry ac¢ounL% the costs of knJstc¢ m￿lingS and thc costof any IcgJJ advice to tn￿S on governance orconstitut￿n&7 mw¢rs Page 15 BenendeD AIJD5bows¢ Charities Notss 10 th¢ Finan¢i41 Ststsm¢nts for tb¢ Ye4r Ended 31 Dv¢n)ber 2025 {eontiDued) T￿81?0￿ The tharity is consideredfo pas8t]K t¢5t5 Sct out in Paragraph I SdKdule 6 of thE Financ¢ A¢t 20LO thI￿roTe il me£ts th dtfinitiotk of a charitablt cr*)wany lorUK coryx)Tation t&X PUTP)s￿ Ac￿rdIDgIy* Ih Gharity ss Wbt¢ntiaily rnpt from twtion in ￿SperI Df inLX)me or captt&l gains re¢ctved withtii cate8ori¢s Cover￿ by Chapter 3 Pad I I of the Coryordtion Tax Acl 2010 Or Section 256 of the T&uiion of Chwble GaiJJs Act 1991 to the ethnt that such inci)mt or8aiJL% are applied ￿(lusIVe1y to thgn¢abl¢ P￿p￿S. Tanglble fixed assets Jndividua] fjxcd asscts Cfjstillg (up until 2022 £1) or nme are initially ree4>Tded at cosL k55 any gJbs¢qu¢ accwtLulal¢d d¢w¢cialiots artd subsequent atoJmu12trd IMp￿rn)ent losses. D¢pr¢¢i*tion and *thtsrtlsado Depreciation is provided on langibl¢ fix¢d assets so as to WTit¢ off th¢ ￿)51 or vaJualio4 les$ any estitDÈted residllal value. ovcr th¢tr¢xpectcd us¢fui tcoTh>mic lifr as fo]1 Awt tl*ss Depretl#tioTr method ratt Fjrrhold inierest in land and building5 2% Rcducing Bala[￿¢ Improve]n￿ts ¢quiptwnl Strllig￿ lllLf over 50 y¢ars latL&Buildin85 gt Wajkhurst Road No depre¢iaiion will br provi(kd until th¢ project h&% been complclcd Dep￿tiation is not charged on the WaJkhuN Road altDStk)w¢ dEv¢lopmenl Imtil th¢ projwt PTadi Cotnpktion a[￿ ￿ propKrt1¢5 at¢ availablt for use. As tk additions in Ihe Ye￿ relate to this developm¢nL ¢h¢ dePr￿lation clwg¢ for2025 is L¥ittesponditi8ly low. Fixed aM¢t investM￿ts Fixed asset invesunenw oth¢r than programtnE related inv¢stm¢nts. aT¢ includ¢d at ]nark¢l v31tsB at the balanLe sheet date. iicali*d 88in5 attd ]osses on inve5tsn¢nts arc cal¢ulat¢d as th¢ differ¢n¢e bctwt¢rb s￿¢5 Proceeds gnd tsiT ll)•Tket value ot thB 3tsrt of thE year, or their subseqllent ¢osL and at¢ charged or cr¢tht¢d to the Siat¢m¢th of Finanria] A¢tiviti¢$ trtthe period of disposal. Unrealised gains ￿dI05￿¥S ￿p￿s¢￿t thE nwv¢m¢nt in vaJu¢s dwing tk y¢yr atsd treditrd or ¢har8ed thc Stattment of Finan¢ial A¢tiviii¢s bgsed on the vabje at they¢areTrd. C*sh *md tash equlviltmt¥ Cpsh and cash tquivajcnts thmprise e&%h on hand and call 4kposio othcr short.lern highly liquid investDKnts that are ￿adI]Y cotkv¢rtibl¢ to a known a￿￿￿DI of¢L4J alld arc 5ubjEct to an iD5ignificant Tisk of itl value. Pag¢ 16 Bette￿den Almshou3¢ Charitiei lo the Financial Stst¢Jllents for tbe Year Ended 31 Deeember 2025 (contiDu¢d) Provisions are when thtr charity h&s aprescnt IEgai or corh51rwtivE obligation as a ￿$ll1t of a p&%tcv¢nL it is probable ￿t s¢ttkmrDt will be required. and & ￿lIablE e#imo* can be made of th¢ 4mDWrt of the obligstion, iTh acwTdJ[￿e w'ith FRS 102 S¢¢tion 21. Prov1wo￿5 are ￿￿￿￿ted at the besLtthimotr of the expcnditUTe T¢quir¢d to s¢¢de tr obligation ￿ the balvmc¢ sh¢ . taking into a¢couni professional advice Wb￿ rel¢v3nt. Provision5 8Je nm di5CQUntd 0$ the effe£t of the time vrjuc of ￿rt¢y is rrfrt materi￿ tod* fit)anciai 5t81¢￿Knt￿ strWur• Urlltstricttd in¢omc f￿d$ OT¢ fjJt)ds that are JYaitNbl¢ for ￿ atthe tnjstees di$¢r¢tlon in fiLfther8oc¢ of th¢ obj¢￿)VE¥ of the chatity. 2 1nromE from tharit*bleArtiviti¢s UDr¢strided futhds G¢Jtr•l Totsl 2025 receivable 54,175 495.000 349.17J 54,175 495.000 549,175 Ullrc5trided ds Ctntral Total 2024 Rtni ￿¢tiVabl( 55,604 2.0(ID,OL)O 55,604 2,0(K),000 2 055.604 3 IDveJtwfflt iN¢omÈ Ilm￿st￿tte1l nds Gerntral Totsl 2025 Totsl 2024 JnteoA receivable and 5irniiaT J]ktrcst rcceivabl¢ on bank &posits OthLTincom¢ from fixed &sset irtyestrntnts 44,576 122 44,576 122 597 117 44.698 44.698 714 Pag¢ 17 BenendeD Aimjbouse Charities Not&s to the FlnAn¢ial Statements for the Year Ended 31 December 2025 (continued) 4 Olher incorne IYnrt$trirt*d fuAds Geoenl Totsl 2025 Other bjcome 4.061 4.061 Oth¢r in¢fjm¢ ¢ompris¢s of r¢imhThn*nfs from ¢oThtra¢tors£1.98l12024.. NÉI) andA1Mthu￿ Conwrtiurn £2.079 Q024.. Nill. S Exp¢ndltur¢ on char￿bkn Atllvffttits lJnrestrtct¢d fvnd$ GeDtr*] TotAI 2025 Ttstsl 2024 F.mploymcBt costs Other direct Costs InCh￿ing kgaj IT￿ F￿f($S1oD￿l E5thblishrnenl £os15 Rtpatrs and maintcnaJKe D¢preciiitoD of tangible fJx¢d ￿ets 7.49) 1217 8,645 18.769 2.063 7.490 1,217 8,645 18.769 2,063 3.714 1,076 4.483 15,512 2,075 38.184 38.184 26,860 Page 18 B¢Dtnden Almshouje Ch*rities Notcs to the Financial Ststements for the Y￿r Ended 31 December 2025 (continued) 6 Other ￿pendItur¥ Total 2025 Tot*1 21ll4 1£88] fres 60,042 60,042 7 Analysis of ￿ver￿*￿te s•1￿)rt ¢osts Governince tosts Unrestrl¢trd funds GtD¢rul Totsl 2025 Tot#1 21ll4 Audit fe¢5 Audit of the flnanciai staten*Dt5 Aliocatrd supwrt C051s 2,470 1.471 2.470 1,471 3.941 1,250 639 3.941 IDtominWouWiDg resourt illf0miDg rwurces for the y¢ar 1$ #&ed aftu chargiThg'. 2025 2024 Ikprecialion of fixcd 2.063 9 Irv5tees reM￿￿tratIon tXPeDI Th¢ tnL8tees received no T¢rnuneration for thcir 5crvi¢¢5 duTing the ye4r (2024.. £nil). No trustee received gjjy ben¢fits in kind l￿d rn rnL*e was ￿1]nb￿￿d forexyr￿5 (2024.. £rtil). P4e 19 Benenden Almshou￿ Charities Notss to the Finaneial Ststemtnts for the Year Ellded 31 Ikcember 2025 (￿ntInued) 10 Stsff tosts The oggrego* pa￿01[ tosts follows.. 2025 21124 S¢•ff ¢05ts duriDg ihe Y￿r￿tr¢. W2Bes 2nd salaTies 7.491 3.715 Key m4nagement persound Key mattagenth personnel aT¢ by thE th¢ IT￿1Vidual$ having au¢hority and res￿nSibilIty for p1attnll￿. d]'tttin8 Controlling the activiiies of the chartry. For Ilencndctl AJmshousK Ch￿lties. this comprises the tsY8tee8 and the Clerk No employ¢e rt¢¢iv¢d t￿￿1￿llents of morr than £60.(Kh) ￿rIng the year12024- £nil}. IknAti8 the yearthe charity made the followiDg trd[L5act￿￿S wlth key ttxnag¢m¢lll p¢rsonn¢l.. Cltrk The Cl¢rk re¢eivtd reMU￿ratiOn of £7.490 {2024.. £3.714) Employ¢f5 NIC 2025.. £NJU 2024: £NL Totsj key mawement per￿1)ne] 2025.. £7.490. 2024.. £3.714 11 AuditQTS' ￿1￿ll￿e￿lIvD 2125 2024 Audit of tlK fin&ncial 2.470 1.250 J2 T*xatlon No tsx Wds chargcd ￿ thE y¢aT {2024- £TJiI}. Po8¢ 20 B¢neDdeD A]mshouse Charities Note5 to the FI￿￿¢181 StAteJMents for Ibe Y¢ar EDded 31 December 2025 (continued) J3 Tantlblt fixtd as8ets dawd buildinp Totsl Cost At l Jfjnu￿ 2025 AddttiOJJS 36622 .778,265 366,220 1,778,265 At31 D￿¢M￿r 2025 2.144.485 2,144 485 Dtpretlgtion At l Jpjjuary 2025 Ch8rg¢ forrf* y¢aJ At 31 De¢emkn 2025 49,494 1063 49,494 1063 51.557 51.557 N¢t book¥AIuè At 31 Dec¢mt¢r 2025 092 928 2,092,928 At 31 De¢emtrKr 2024 316,726 lrteluded within the n¢t book value of land and building5 ￿0ve is £2.Q92.928 12Q24 - £316.726) in T¢spect of fr¢rJ¥)Id land and buildings and £Nii {2024- £Nil) inT¢bFC¢tof l¢t*holds. Th¢ i￿1¢8£¢ in tangible fixed assets during the ycar relatcs lo th¢ construdion of the new a]mthou5es at Walkhurst Road. la accordanc¢ with the ¢hariN's acco￿ling pDIicy? no dept￿l$tiOn 15 chargcd on the5f &88ets utttil Practical Compl¢tiOrt. As a r¢su]L tht depreciation Ch￿ for th¢ Y￿ (£2,063} reflects only th¢ dw¢¢ithion on ¢xi#in8 Operation￿ prDPtrties and equipmcni. Pag¢ 21 BeDendell Almsholl8e Charities Not¢¥ to the Finatttial St*tements for the Ye*r Ettded 31 December 2025 (eolltilllled) 14 Fixed iBvutmt•ts 2025 2024 Othcrli5trd inveS¢mc￿5 101,937 Oth¢rlovtstments Li51td InvestmeDts Tot c•storVal￿lt1titt At l J￿￿ary 2025 Revaluation 102,937 1,787 102,937 1.787 At 31 Decem￿1 2025 104.724 104.724 Net book value At 31 Ik¢¢mkr 2025 104.724 104.724 At 31 Ikcctnkr 2024 102.937 102.937 The histori¢81 ￿st of lisled investments ￿ 31 De¢¢mber 2025 £35.15512024- £35.155). 15 D*btots Z025 2024 Trade debtors PYepa)mKnts Oth¢r debtors 478 1.438 1,939.958 1,617 1,941.874 The prior ytar deknr balanc£ of £l:939.958 T¢laled to the contract¢d pro￿dS from th¢ saJ¢ of land to Catth8Jn Homcs Ltd ￿ part of th¢ F¢offee Fields dcvelopm¢tLt 4gtttm¢nt. Tr amount was fully settled during th¢ y¢ar* sulting iti the sigt)iri￿￿Y re￿￿¢1 debw balance ￿ 31 E)¢ctmkr 2025. 1.617 16 Cask *Dd tfish eqlliv*knts 2025 2024 C&%h at 765.462 44.958 Pag¢ 22 Benenden Almshouse Charities Notss to the Finallcial Ststem¢Dts for the Year Ended 31 Deeember 2025 (¢olltiDued) 17 CreditOTS: Amounts falling due within ytsr 202S 2024 1.280 18 Provi¥ions Oibtr provision Totsl At l 2fr25 11,034 At 31 Dec¢mb¢r 2025 11,034 11.034 Provision for bJtur¢ ￿t]ical yepairs and maintenan(c 15 ba￿d oth external decoration taking pl)rt ¢veYy thyee years d intmial rtpairs everyfive ytars or on the vacation ofawoperty. 19 hndi Bal￿¢¢ At 31 Ofher Rtsourees re¢ogni%d *i￿nded 8ainJlOoJxs) I JAnvary 2025 In¢omiDg resourr D￿¢￿￿tr 2fj2S Unrtstrlded fuDd5 GeKr41 General Fut 2.394,181 397,934 42,125 1.787 2,951.777 BaknD¢e al 31 Balan¢E wt l January 2024 Otbtr Resourcej r¢wgttlsed Dtttmber exptnded gAinsl{105seJ) Intttmkng res0￿re¢S 2024 UDTtstrlded filnds G*￿T￿l G¢neral Fut 421.121 2.056,318 791 J.J33 1394 181 The s￿tIfiC purposes for wbi¢h th¢ areto b? applied gJ¢ a5 follows: Dcsignated fur￿5 have been d¢signat¢d by the tr￿$ and coThsisr of Cycliul wair5 £7.218 (cx¢¢mai de¢ordiiOn raking plaw every 3 years) an¢J tht EmerEertcy repairs fund £3,816 {intwTrai repoirs every fLV¢ years or ort the vacation prop¢rfy). DesiBtMred fiJThds arc incjuded in Gertral fihnds. Pagc 23 BellendeD A]m$hou8e Charitie Notes (o the Financial Statements for the Year Ended 31 Dettmber 202S (to*tittued The cbarity held restrid¢d or¢ndowllKTht fi￿d5 during y¢aT (2024.. non¢). All fth ate utjttstritted 20 AD¥tysts of net Assets between fundi UnT¢5tri¢t¢d Totsl fuDdy it 31 Derember 2025 GeDtr*l Tangible fixed LE£ts Fixed iDV¢51m¢rds CvrreTht wets Cwr¢nt li?biiitses Provisions 2,092,928 104,724 767.079 11.920) {11,034) 1092,928 104,724 767.079 11.920) {lJ.034) 2,951,777 Toial t￿( &fs¢ts 1951,777 Unrtstricttd Ttst*l fumds at 31 Dv¢mber 2024 GenerAI TaD8iblc fixcd 4ss¢ts Fix¢d wel iliVEsÉrnent5 Cunent Current lithibues Provisions 316,726 102,937 1,986,832 11,280) 11,034 2J94,181 316,726 102,937 1.986.832 11.280) 11,034 2,394.181 Totsl ]xet 21 AnAIysis of n¢t funds At31 Detember A¢ l J*•u•ry Flttatttirtg eAsh 2025 2025 C￿h at IADk aDd tn l￿d 44.958 720.504 765.462 Nei debl H,958 720,51)4 765,462 22 R¢lwt¢d party tra1159¢tioos wer¢ no relat￿ pany tran￿￿10￿5 in thE yw. Page 24