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|CONTENTS||PAGE|
|---|---|---|
|CompanyInformation||3|
|Report of the Trustees(incorporating|the directorsreport)|4-8|
|Statement of Trustees' Responsibilities||9|
|IndependentExaminer's Report||10|
|StatementofFinancial Activities|(incorporatingtheincomeand|11"|
|expenditureaccount)|||
|Statement of FinancialPosition||t2|
|Statement ofCashFlows||13|
|Notes to the Financial Statements||'t4-21|





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|Trustees/Directors|A DRobinson(resigned6lune2024)|
|---|---|
||PCollins|
||cAwild|
||VEFisher|
||SL Popplewell (appointed23November2023)|
||FMKTyrie (appointed2LNovember2024)|
||ChesterCityCouncilRepresentative:-none|
|Companysecretary|PCollins|
|Administrator|BA Knight|
|Company RegistrationNumber|00778705|
|Charity Number|233470|
|RegisteredOfficeandPrincipal|3Queen's Park Road|
|Address|Handbridge|
||Chester|
||Cr{47AD|
|Independent Examiners|UHY HackerYoung|
||CharteredAccountants|
||4ftFloor, MerchantsHouse|
||CrookStreet|
||Chester|
||CH12BE|
|Solicitors|DTMLegalLLP|
||ArchwayHouse|
||Station Road|
||Chester|
||CH13DR|
|Bankers|LloydsBankplc.Chester|





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|h|eTrustees arenotawareofanysignificantch|anges sincethis valuation.|anges sincethis valuation.|||
|---|---|---|---|---|---|
|||BedInsurance||Historical|Book value|
|||Spaces|<br>Value|Cost|2024|
|||(Excluding||(Including||
||||land)|land)||
||||f,|t,|f,|
|3|QueensParkRoad,Handbridge,Chester|1,2|7,739,650|693,438|377,537|
||||||377,537|



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||Note|2024|2023|
|---|---|---|---|
|||f,|f,|
|INCOME||||
|Incomefromgeneratedfunds||||
|Voluntaryincome||20|1.|
|Investmentincome|4|12,327|9,064|
|Incomefromcharitableactivities||||
|Residents services|2e|180,597|1,33,938|
|Realised (loss)/gain oninvestmentassets||'1,,341|802|
|AmortisationofSocialHousing Grant|L5|10,051|'1,0,052|
|Gain on disposal ofproperty||||
|Otherincome||485|91|
|Totalincome||204,822|753,948|
|EXPENDITURE||||
|Expenditureon charitableactivities|5|217,395|173,342|
|Net income/(expenditure) beforegainsand||(12,573)|(19,394)|
|losses||||
|Netgain/(loss) oninvestmentassets|9|36,128|11,849|
|Net income/(expenditure)andnet movementin||23,555|(7,545)|
|funds||||
|Unrestrictedincomefunds broughtforward||696,784|704,329|
|Unrestrictedincomefunds carriedforward||720,339|696,784|
|Allfundsareunrestricted.||||





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||Notes|2024||2023||
|---|---|---|---|---|---|
|||t|E|E|f,|
|FIXEDASSETS||||||
|Tangibleassets|8||390,129||406,877|
|Investments|I||357,317||313,439|
|TOTALFIXEDASSETS|||747,446||720,316|
|CURRENTASSETS||||||
|Stocks|10|580||580||
|Debtors|11.|1,510||4,863||
|Cashondeposit|12|245,917||268,474||
|Cash atbankandin hand||L7,439||2,902||
|||265,446||276,819||
|CREDITORS: Amountsfallingduewithin||||||
|oneyear|13|21,192||'18,940||
|NET CURRENTASSETS|||244,254||257,879|
|TOTALASSETS LESSCURRENTLIABILITIES|||99L,670||978,195|
|CREDITORS: Amountsfallingdueafter|'1.4|||||
|oneyear|||(271,,361)||(281,,41,1)|
|NETASSETS|||720,339||696,784|
|FUNDS||||||
|Unrestrictedincomefunds||||||
|Designatedfunds|19|44,120||44,120||
|Unrestrictedincomefunds||669,792||682,667||
|Revaluationreserve -Investments||6,427||(30,003)||
|Totalunrestricted funds|||720,339||696,784|
|TOTAT CHARITYFUNDS|20||720,339||696,784|





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||2024|2023|
|---|---|---|
||f|f.|
|Cashflows fromoperatingactivities|||
|Net income/(expenditure)|23,555|(7,545)|
|Adjustmentsfor:|||
|Depreciationoftangible fixedassets|'1,6,748|17,536|
|Net(gains))/losses oninvestments|(37,469)|(12,651)|
|Dividends,interest and rentsfrom investments|(8,885)|(7,648)|
|Otherinterest receivable andsimilarincome|(3,442)|(1,41.6)|
|Amortisationofgrant|(10,051)|(10,052)|
|Gains on disposal oftangible fixedassets|||
|Changesin:|||
|Trade andotherdebtors|3,354|(3,905)|
|Accruals|2,252|(6,800)|
|Cashgeneratedfromoperations|(13,938)|(32,481)|
|Interest received|3,442|1,41,6|
|Netcashusedin operating activities|(10,496)|(31,065)|
|Cashflows from investing activities|||
|Dividends,interest and rentsfrominvestments|8,885|7,648|
|Proceedsfromsaleoftangibleassets|||
|Purchasesof otherinvestments|(37,771)|(2L,577)|
|Proceedsfromsaleofotherinvestments|21,373|13,100|
|Netcash(usedin)/frominvesting activities|(7,513)|(82e)|
|Netincrease/(decrease)incashandcashequivalents|(18,009)|(31,894)|
|Cashandcashequivalentsatbeginningof year|290,688|332,582|
|Cashandcashequivalentsat endof year|272,679|290,688|
|Analysis ofcashandcashequivalents|||
|Cash atbankandin hand|17,439|2,902|
|Cashondeposit|245,917|268,474|
|Cashheldwithininvestmentportfolio|9,323|19,312|
||272,679|290,688|





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|GAIN/(DEFICIT) ON ORDINARY ACTIVITIES|||
|---|---|---|
||2024|2023|
||t|t|
|Deficitonordinaryactivitiesbeforetaxationisarrivedataftercharging:|||
|Depreciation|1.6,748|17,536|
|Independentexaminer'sremuneration,including vat|||
|Accountanry|5,194|4,584|
|Independent examination|1,200|1,200|
|INVESTMENT INCOME|||
||2024|2023|
||t,|t|
|Bank interest|3,442|1,416|
|Dividends(re-invested)|8,885|7,648|
||12,327|9,064|



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|EXPENDITURE|||||||
|---|---|---|---|---|---|---|
||Staff|Deprec|Direct|Other|2024|2023|
||costst|-iation<br>t|costs<br>f.|f,|Total<br>t|Total<br>f,|
|Charitableactivities|||||||
|Residentsservices|98,996|16,748|75,3U|19,975|211.,001|167,559|
|Governancecosts|||||||
|Independent Examination||||6,394|6,394|5,784|
|and accountancy|||||||
||98,996|16,748|75,382|24,837|217,395|173,342|



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|EMPLOYEEINFORMATION|||
|---|---|---|
||2024|2023|
||t|E|
|Wagesandsalaries|97,740|79,480|
|Socialsecuritycosts|||
|Pensioncosts|1,256|800|
||98,996|80,280|





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|The averagenumberof staff|employedbythecharity|duringthefinancialyear|amountedt|
|---|---|---|---|
|||2024|2023|
|||No.|No.|
|Housekeepers and assistants|Full time|1.|L|
||Parttime|3|J|
|Administration|Parttime|2|2|
|||6|6|



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|8.|YEAR<br> TANGIBLEFIXEDASSETS|ENDED30SEPT|EMBER2024||
|---|---|---|---|---|
||||Fixtures,fittings||
|||Freeholdproperty<br>f|&Equipment<br>t|Total<br>f|
||COST||||
||At 1October2023|693,438|114,255|807,693|
||Additions||||
||Disposals||||
||At30September2024|693,439|LL4,255|807,693|
||DEPRECIATION||||
||At1October2023|302,308|98,508|400,816|
||Chargefortheyear|13,599|3,1.49|16,748|
||Eliminatedon disposal||||
||At30September2024|315,907|101,657|417,564|
||NETBOOKVALUE||||
||At30September2024|377,531|12,591|390,129|
||At30September2023|391,130|15,747|406,877|
|9.|FIXEDASSETINVESTMENTS||||
||||2024|2023|
||||t|f,|
||Fixedassetinvestments||||
||UKQuotedinvestmentsatmarket value||347,994|294,127|
||Cashheldaspartofinvestment||9,323|19,312|
||||357,317|313,439|
||Movementinmarket value||||
||Market valueat'1.October2023||294,127|272,999|
||Disposalvalue||Q0,032)|(12,298)|
||Acquisitionsatcost||37,772|21,577|
||Unrealisedgain/(loss)||36,129|11,849|
||Marketvalueat 30 September2024||347,995|294,127|
||Historicalcost at30Septembet2024||341,568|324,129|





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|1,0.STOCKS|||
|---|---|---|
||2024|2023|
||f,|f,|
|Stockof consumables|580|580|
|1.'1..DEBTORS:Amountsfallingduewithinoneyear|||
||2024|2023|
||E|f,|
|Otherdebtors|1,510|4,863|
|12.CURRENTASSETINVESTMENTS|||
||2024|2023|
||t|f|
|Cashondeposit|245,917|268,474|
|13.CREDITORS:Amountsfallingduewithinoneyear|||
||2024|2023|
||f,|f,|
|Deferred grantincome|10,051|1,0,052|
|Accruals|17,147|8,888|
||2L,192|18,940|
|14.CREDITORS:Amountsfallingdueafteroneyear|||
||2024|2023|
||t|t|
|Deferred grantincome|271,361|28],41L|





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|DEFERREDGRANT INCOME|||
|---|---|---|
||2024|2023|
||t|t|
|At1October2O23|291,463|301,513|
|Releasedto incomeinthe year|(10,051)|(10,050)|
|At30September2024|281,412|291,463|
||2024|2023|
||E|E|
|Amountstobe releasedwithinoneyear|10,051|1,0,052|
|Amountstobe releasedafteronevear|27',1.,361"|281,411|
|At30September2024|281,412|29L,463|



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|ANALYSISOFCHANGEINNE|T DEBT|||
|---|---|---|---|
||Atl||At30|
||Oct2023<br>t|Cashflowst|Sept2024<br>f|
|Unrestricted funds|271,376|(8,020)|263,356|





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|9.<br>UNRESTRICTED FUND|S||||||
|---|---|---|---|---|---|---|
||Balance at|||||Balance at|
||LOctober|||Gains||30September|
||2023|lncomingOutgoing||(Losses)|Transfer|2024|
||f,|f|f,|t|t|E|
|Unrestricteddesignatedfunds|||||||
|Future capital expenditure|9,120|||||9,120|
|Futuremajorrepairs|35,000|||||35,000|
|Unrestricted-designated|44,120|||||44,120|
|Unrestrictedincome-general|682,667|204,U2|217,395 36,128(36,430)|||669,792|
|tund|||||||
|Revaluationreserye-|(30,003)||||36,430|6,427|
|Investments|||||||
||696,784|||||720,339|



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||Tangible||Other||
|---|---|---|---|---|
||Fixedassets|Investments|Netassets|Total|
||E|E|t|f,|
|Unrestricted funds|390,129|357,317|Q7,109)|720,339|