Charlty reglstratlon number 233957 (England and Walesl J & E GUNSON ALMSHOUSE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
J & E GUNSON ALMSHOUSE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr J Hutton MrA Galling Mrs S Hackett Mr N Taylor Mr C Edmondson Mr l Kershaw Rev V A Sekasi Clerk J Kumarendran Treasurer Ms E Hewerdine Charity numbor 233957 Principal addres5 The Low Wood Barn Ulpha Cumbrta LA20 8DZ Independent examiner JL Winder & Co Suite 6 Furness Gale Peter Green Way BarW in Furness Cumbria LA14 2PE
J & E GUNSON ALMSHOUSE TRUST CONTENTS Page Trustees report statement of Trustees responsibilitie8 Independent examinevs report Slalement of financial activities Balance sheet Notes lo the financial slalemenls 7-13
J & E GUNSON ALMSHOUSE TRUST TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEIWBER 2025 The Trustees present their report and accounts for the year ended 31 December 2025. The financia5 slalemenls have bèen prep8red in accordance with the accounting policies sel out in note 1 to the financial statements and ¢omply with the chaiily's governing document, the Charities Act 2011, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic ol Ireland" and the Charities SORP "Accounting and Reporting by Charities.. Slalemenl of Recommended Pra¢li¢e appliGable to charities preparing their 2¢¢0unls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Iretand {FRS 7021" ObJe¢tlves and activities The ¢harily's objects are pre5ewing and running the ten almshouses situated in Ulpha, Cumbria for the benefit ol the almspeople, with pieference given lo those born in the parish of Ulpha, or who have lived in the area for more than five years, especially having been employed in agriculture. The Trustees have paid due regatd lo guidance on ptjblic benefil issued by the Charity Commission in deciding what activities the charity should undertake. A¢hievements and performance Flnanclal review During the year mainten8nce contributions tolalled £49,047 12024- £48,260), while other income in the year amounted lo £5,92112024- £6.6241 Operating costs were £7,461 12024-£8,7541 Touline mainlenanGe £4,970 12024- £5,235) cyclical mainlenance £Nil12024- £14,016) extraordinary maintenance £Nil12024- £41,115) and depreciation £511 12024- £5111 The total income lor the ¢harity was £54.96812024- £54,884) and total expenditure was £12,94212024-£69,631} This Tesulted in a surplus of £42,026 12024- deficit of £14,747) before the reported deficit of investments of £3,58312024- surplus of £1,654) A transfer from unrèstricted funds lo designated funds of £3,341 was made in tho yea At the year end the charity's reserves tolalled £223.83812024-£185,3951 Of this total £58,62512024- £61,966) are designated funds R8serve$ Pollcy The trustees aim lo keep the designated reserves al a level sufficient lo cover zny future repairs and maintenance tequired to the PToperties. Land and bulldlngs The Iruslees believe that the market value of the land and buildings owned by the charity al Ulph8 is significantly in excess of the hisloriGal Gosl in the accounts. The Trustees have assessed the majoi risks to which the chamty is exposed, and are satisfied that sysl&ms are in place lo miligale exposure to the major risks.
J & E GUNSON ALMSHOUSE TRUST TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 stTUCture> governance and management The charity was founded under the will, dated 25th June 1907. of John Gunson, who died Dn 28th March 1912. Thé Almshouse is a ch8rily administered and managed in conformity with a scheme sealed by the Charity Commissioners on 30th June 1978. The Trustees who served durtng (he year and up to the dale Df signature of the financial statements were.. Mr J Hullon MrA Calling Mr G Brockbank Mrs S Hackell Mr N Taylor Mr C Edmondson Mr l Kershaw Rev V A Sekasl (Resigned 28 January 2025) ven a vacancy arises, suggestions for new Iruslees ar8 brought foNard before the l¥uslees al the next meeting, and if found lo be suitsble, the ¢andidale is approached. Onco they havo agreed the ItUStees will then vole on the appointment. Induction to the trust is on an ad hoc basis, 8nd generally experience is gained by allending the quarterly Iruslees meetings although the Iruslees are supplied with the relevant charity commission publiGalions. The Trustees repDrt was approved by the Board of Trustees. J Hutton Trustee
J & E GUNSON ALMSHOUSE TRUST STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2025 The Board is respc>nsible for preparing the report and finan¢i81 slalements in accordance with appli¢able law and regulations. Registered social housing legislation require the Board lo prepare fi'nancial statements for each financial year which give a true and fair view of the 51ale of affairs of the association and of the income and expenditure of the association for that period_ In preparing these financial stalemenls, the Board is required lo.. i. select suitable accounting policies and then apply them consislenlly., ii. make judgements and estimates that are reasonable and prudent., 111. slate whether applicable accounting standards have been followed. subject lo any material departures disclosed explained in the financial stalemenls." and iv. prepare th8 financial statements on the going concern basis unless il is inappropriate lo presum8 that the association will continue in business. The Board is responsible for keeping proper accounting records which dis¢lose with rttasonable accuracy at any lime the financial position of the association and lo enable il lo ensure that the financial slalements comply with the relevant legislation. 11 hss general responsibllily for taking reasonable steps to safeguard the assets of the club and lo prevent and delecl fraud and other irregularities. The law applicable to chaiilies in England and Wales requires the Trustees lo prepare financial slalemenls for each financial year which give a true and fair view of the stale of affairs of the charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial slalemenls, the Trustees are required lo.. select suitable accouriling policies and then apply them consistently.. observe the methods and piinciples In the Charities SORP., make judgements and eslimales that are reasonable and Pdentr, stale whether applicable accounting standards have been followed, subject lo any material departures disclosed and explained in the financial slalemenls., and prepare the financial statements on the going concern basis unlèss il is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping sufficient accounting recorLls that disclose with reasonable accuracy at any lime the financial position of the charity and enable them lo ensure that the flnancial slalemenls comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charily and hence for taking reasonable steps for the prevention and detectson of fraud and other irregularities.
J & E GUNSON ALMSHOUSE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF J & E GUNSON ALMSHOUSE TRUST I report to the Trustees on my examination of the finan¢ial slalements of J & E Gunson Almshouse Ttust (the charilyl for the year ended 31 D¢¢ember 2025. Responsibilitles and basls of report As the Trusle&s of the charity you are responsible for the prep8r2lion of the financial slalements in accordance with the requirements of the Charities Act 2011. I report in respect of my examination o* the tharity's financial statements carried out under sectiDn 145 of the Charities Act 2011. In carrying out my examination I have followed the DireGlions given by the Charity Commission under Section 145151{bl of the Charities Act 2011. Independent examlner's statement I have completed my examinatitsn. I conlirm that no mallers have come lo my atlenllon in connection with the examination giving me cause lo believe that in any materi£l respect.. a¢¢ounling records were not kept in respect of the ¢h8rily as required by section 130 of the Charities Act 2011. the finan¢i81 statements do not accord with those records., or the financial statements do nDI comply with the applicable requlrements concerning the form and content of financial statements sel OLJI in the Charities IAccounls and Reports) Regulations 2008 other than any requirement that the fi.anCIal slalements give a llue and fair view, which is not a maller consiolered as part of an inéependent examination. I have rio concerns and have come across no other mallers in ¢onnection with the examination lo which allenlion should be drawn in this report in order lo ènable a proper understanding of the financial stslements to be reached. Sarah J Roberts Bsc FCA JLWinder& Co Suite 6 Furness Gale Peter Green Way Barrow in Furness Cumbrla LA14 2PE Date-
J & E GUNSON ALMSHOUSE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025 Unre$trlcted Deslgnated funds funds 2025 2025 Total Total 2025 2024 Notes Income 54,968 54,968 54,864 en Chariiable acliv¢lies 12,942 12,942 69.631 Nel gainsl(losse81 on investments 13.5831 13,5831 1,654 Not incomlnglloutgoingl resources before transfers 38,443 38,443 (13,093) Gross transfers between funds 3,341 {3,3411 Nat movement in funds 41,784 {3,3411 38,443 113,0931 Fund balanw al 1 January 2025 123.429 61,966 185.395 198,488 Fun(J balances at 31 December 2025 165,213 58,625 223,838 185,395 The slalement of financial activili&s includes all gains and10sses recognised in the year. The statement ol financial activities includes all gains and losses recognised in the yèar. All income and expenditure derive from continuing activities.
J & E GUNSON ALMSHOUSE TRUST BALANCE SHEET AS AT 31 DECEMBER 2025 2025 2024 Notes Fixed assets Tangible assets Investments 3,653 49,365 4,164 48,603 10 53,018 52,767 Currènt assets Debtors Investments Cash al bank and in hand 11 1,472 116,409 55,588 1,354 114,844 19,177 173,469 135,375 Credltors: amounts falling duo within one year 12 12,6491 12,7471 Nel current assets 170,820 132,628 Total assets less current liabllltles 223,838 185,395 Income tullds ric edfu Designated funds General unrestricted funds 58,625 165,213 61,966 123,429 223,838 185.395 The financial statemen18 were approved by the Trustees on . 031-4z4.. r J Hutton Trustee Mrs S Hackett Trust&e
J & E GUNSON ALMSHOUSE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accountlng pollcles Charity Information J & E Gunson Almshouse Trust is a registered Charity and registered provider of social housing in the United Kingdom. The address for the regislered office is given on the first page of these financial slalements. Joseph and Eleanor Gunson AlmshDuse Trust conslilulès a public enlily as defined by FRS 102. 1.1 Accountlng conventlon The financial slalements have been prepared in accordance with appIlble accounting standards induding Financial Reporting Standard 102 The Financial Rewrting Standard Applicable in the UK and Republic of Ireland IFRS 1021, the Slalemenl of ReGommended Practice for So¢ial Housing Providers 2018, and with the Accounting Direction for private registered providers of social housing in England 2019. The financial statements are also prepared the requirements of the Housing and RegenerationAcl 20Q8 The financial statements are prepared in sterling, whlch is the functional Currency of the charity. Monetary amounts in these financial statements are rounded to the neast £. The financial statements have been prepared under the historical Gost convention. The principal accounling policies adopted are sel out below. 1.2 Golng concein Al the limè of approving the Iinancial slatemenls, Trustees have a reasonable expeclalion that the charity has adequate resourGes to Gonlinue in operational existence for the foreseeable future. Thus the Trustees continue lo adopt thé going concem basis of accounting in pparIng the financial slatemenls. 1.3 Charltable funds Unreslricled funds are available for uso al the discretion of the Trustèes in furtherance of their charitable objectives. 1.4 Incoming resources Tumover represents maintenance CDnlribulions receivable. revenue grants from local 8Uthorilie$ and national charitable trusts and fundraising income. 1.5 Tanglble flxed assety Tangible fixed assets are initially measured al cost and subsequently measured at cost or valuation, nel of depreciation and any impairment losses. Depreciation is recognised so as lo write off the Gosl or valuation of assets less their residual values over their useful lives on the following bases., Housing Propertie8 Freehold Land Car Park 10A straight line no depreciation 4,/0 straight line The galn or loss arising on the disposal of an asset is determined as the differen¢e between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. Housing land buildings are slalecl al cost. There are ten dwellings all of which We built before 1918. No depre¢ialion is made In respect ol land. The lan(f and buildings are used lor the purposes of the charity and form part of ils permananl endowmttnl. 1.6 Flxed asset Investments Investments are slated at markÈl value. The unrealised gains or lobses arising from these are allocated lo the relevant reserve appointed on the number of units held on each reserve.
J & E GUNSON ALMSHOUSE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FQR THE YEAR ENDED 31 DECEMBER 2025 Accounting policies Icontinuedl 1.7 Repairs and malntenance Costs are Gharged lo the income and eXpenditre account in the year in which they are Incurred. 1.8 Deslgnated reserves 11 Cydical fftpairs and maintenance reserve 21 Extraordinary repair reserve 31 Routine maintenanGe reserve The charity has established the above three iesetves, The following annual transfers from revenue are rocommended by the Almshouse Association. 11 £1,066 per unil per annum 21 £652 per unit per annum 31 £736 per unil peT annum. The charity has decided to make these transfers every other year. Income Unrestrlcted funds Total 2025 2024 Maintenance ¢onlribulion5 InGome from listed Investments Interest ¥eceivable 49,047 5,911 10 48,280 6.614 54.968 54,884
J & E GUNSON ALMSHOUSE TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Charliable actlvltles Total 2025 Total 2024 Depreciat¢on and impairment Rates Insurance Light and heat Routine repairs Cyclical repairs Extraordinary repairs TV licence Honoraria Sundry expenstss Subscriptions Accountancy fees 511 1,787 1.730 252 4,970 511 2,631 1,809 287 5,235 14,016 41,115 524 750 291 818 1,644 750 235 971 1,728 12,942 69.631 12,942 69,631 Net movement in funds 2025 2024 The nel movement in funds is slated after chargingllcredilingl.. Fees payable for the independent examination of the charfly's financial slalements Depreciation of r)wned tangible fixed assets 511 511 Trustees None of the Trustees (or any persons connected with them) received any remuneration during the year. Employees The average monthly number of employees during the year was. 2025 Numbvr 2024 Number Total There were no employees whose annual remuneration was more than £60.000. Remuneratlon of key Inanagement personnel TheTe was no remuneration of key management personnel
J & E GUNSON ALMSHOUSE TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Net gainslllossesl on Investmonts Unrgstrlct8d Unrestrlcted funds funds 2025 2024 Gainlllossl on sale of investments {3,5831 1,654 Taxation The charlty is exempl from laxalion on ils activities because all ils income is applied for charitable purposes. Tangible fixed assets Houslng FTeehold Land PropertlÈs Car Park Yotal Cost At 1 January 2025 1,651 60 12,790 14.501 Al 31 Decetnber 2025 1,651 60 12.790 14,501 Depreciation and impalrment At 1 January 2025 Depreciation chargecl in the year 1,650 8.687 511 1 D,337 511 At 31 December 2025 1.650 9.198 10,848 Carrying amount Al 31 December 2025 60 3.592 3,653 Al 31 December 2024 60 4,103 4,fj64 10-
J & E GUNSON ALMSHOUSE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 (Continued) 10 Fixed asset Invostwnents No of income unlls Income unlts Deposit fund Total 1,427.38 Cy¢li¢al maintenance fund 537.72 Extra-ordinary repair fvnd 255.38 Routine maintenance 260.75 Current asset (part of aGGumulaled surplus) 27.578 10,389 4,936 5,038 12,3761 110,0501 28,148 52,746 25.202 339 33,084 57,784 2,481.23 1.207.66 Permanent endowment {capitall fund 47,941 23,335 88,468 26,030 116,409 49,365 3,688.89 71,27e 94,498 165.774 The COIF income Ljnits are al market value, Iheii cost was £26,QGIO 11 Debtors 2025 2024 Amounts falling due wlthln one year.. Prepayments and accrued income 1,472 1.354 12 Creditors.. amounts falling due withln on8 yèar 2025 2024 Accr815 and deferred income 2.649 2,747
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J & E GUNSON ALMSHOUSE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 14 Analysis of not a58ets between funds Deslgnated Capital and reserves aGGumalated surplus 2025 Total Total 2025 2025 2024 Fund balances at 31 December 2025 are represented by.. Tangible assets Endowment Investments Current assets Cash al bank Creditors 3,653 49,365 57,784 1,472 55,588 12,6491 3,653 49,365 116,409 1,472 55.588 12,6491 4,164 48,603 114,844 1,354 19,177 12,747) 58,625 58,625 165,213 223,838 185.396 15 Related party Iransactlons There were no dlsclosable related party transactions during the year (2024 - nonè). 13-