REGISTERED CHARITY NUMeER'. 235011
Roport of the Tru8tee8 and
Unaudlted Flnanclal Stalomonts for lh• Year Endgd 31 December 2025
for
WOLLASTON AND PAUNCEFORT ALMSHOUSE
HARITY
KNOX CROPPER

WOLLASTON AND PAUNCEFORT ALMSHOUSE
CHARITY
Conlonts of the Flnanclal Statemènts
for thè Yoar Ended 31 D8￿mber 2026
Pagè
Reference and Admlnlstratlve Dotalls
Report of th? TTu8legs
2 to 5
Statsment ol TruBtses' Ro¥ponslblll￿e8
Independént Examlnerfs Report
ststem•nt of Flnanclal Actlylti
B#lan¢è She•t
Not•9 to tho Flnanclal Statsrnents
10 to 20
D•tsll8d Statsment ol FIna￿la1 A¢tlvltles
21 lo 22

WOLLASTON AND PAUNCEFORT ALMSHOUSE
CHARITY
Reference and Admlnlstratlve Detalls
for tho Y•ar End•d 31 December 2026
TRUSTE&8
R D Sago Chalr
P A Crowther (wesign￿j 21.5.251
A R08e
AJ Betham
Mrs T Ayodèjl
R Tillolt
Mrs J Ri9by (appointed 20.1.26}
PRINCIPAL ADDRESS
10 Highgate Avenue
Lgndon
N6 5RX
REGISTERED CHARITY NUMBER
235011
INDEPENDENT EXAMINER
Knox Cropper LLP
Chartered Accountants
Offico Suite 1
Haslernere House
Lower Stre&t
Haslemere
Surrey
GU27 2PE
SOLICITORS
PothecAry & 8arr8tt
Whitehorse Court
North Slioel
Bishops Slortlord
Herts, CM23 2LD
BANKERS
TSB Bank Plo
Archway Branch
19 Highg8té Hill
Archway
London, N19 5LS
Page 1

WOLLASTON AND PAUNCEFORT ALMSHOUSE
CHARITY
Report of the Tru¥tse$
for the Year Ended 31 December 2025
The Iruslees present their reM wlh the financial statsments ol the thartty for the year ended 31 December 2025. The
trustee8 have adopted the provisbons ol Accounting Reporting by Charitle3'. Slalemenl ol Recommended Pr￿￿?
applicable lo ch?rilies pr8pariw¥J their accounts in ￿COrdanC9 with the Finanual Reportiig Stsndard oppliGable in Ihp UK and
Republic of Ireland {FRS 102118ffeclive 1 January 20191.
OBJECTIVES AND ACTIVITIES
Obloetlvos and alms
The Wollaston arKI Pauncefort AJffl8houses were sel up lo provide Unf￿liShed ¥¢comm(Klalion lor people tsver the age ol
60, ￿th Ilmttsd finaw81 resources and w8r8 living alone. Rasid8nts Brè 8XP8ctsd lo be a￿e to INe independenwy.
The objectwe$ lor the yaar were lo mainlaln warm. dry comfortable and safe houses lor Ihe b8nefidaries and to attond to any
problams raported and raview tha financial position ol the Charity.
Th8 Charity's 81m is 10 8nsure all the almshous68 are in good d8coratN8 order, hav• safe, up-to4ate equipmenl and that
damp and other typical building problems ar9 Persollal r¢qugsls ol l￿n¢fICialle¥ Igr exlia Ilws u)f fixture¥ ?nd
fftting$ a¢￿MModated w￿rever Kx)s$itle.
Slgnincant actlvltle9
The Charlly runs six unlumlshed one-b&roDmed cottag&s in the parlsh ol St Mi¢hag1's Highg* for ¢lderly people. Roullne
maintenance has been carried Ihroughoul the year. The reskjent of no.33 has been in hospital and then a nUrs￿g Home
8ince 1112120 lollowins a stroke, and 15 unablptg walk. Th¢ Chaiily has 1g1ic¢nsed tho wttage lo a new resident In light ol
the residenfs strong wish to return horne il possible. The Ch￿lty has regularly reviewed this p08ition in Ilghl ol thè medical
advlce, and her legal Btslus with the Court of Prolecbon.
Thgre havg ongoing problem5 with damp)ess In no$. 29 and 15. Further lo professional advice. aL*litional roof
insulation antj kitchen ventilatM)n has been instBlled in 3 of the properties and the re8ults wil bè rnortitorèd.
The income and èxpenditure ol the chartty Is k8pI uThJer r￿leW al rneeung.
Publlc bengflt
Th¢ purpDse5 ol th? Wolla$lon and PaUn¢¢f￿ Almsh)use$ Charlty ar¢ of publ1¢ benefit in that il prowdes and mainlains
awcwnmodallon lor those, ￿th a Strong a$sc¢lallon vAlh the localty. In need by ￿ason ot age and Inanck81 har(Jshlp. In
doing so the trustees have paid du8 cegBrd to section 4 of the Charilies Act and the public b8nefit guidance published by the
Charity Cornmission_
ACHIEVEMENTS AND PERFORMANCE
Charltable actlvltles
Tho Almshouses 0￿rat0 a ¢onllnuous pollcy ol repair and ￿h￿bIShment as necessary lo ensu￿ ¢ompllance wllh the DeTrnt
Homes Standards. Maintenance work was carried out in 2024 folknwing Pellings, Quinquennial Report 016 January 2023.
and adwce from Janu5 Conservation in 2024. R8lurbishrnenl ol no.19 SL was commenced on 6th October 2W25 following
quotations received in May.
The Tru51ees reviewed the financAal po51tic￿ at eath olthelr meetings during th8 y@8r.
P8ge 2

WOLLASTON AND PAUNCEFORT ALMSHOUSE
CHARITY
Rèport of the Tru$tee$
for thè Yèar Endèd 31 Dttèmbèr 2025
FINANCIAL REVIEW
Flnanclal p081tlon
Thtr Charity ietumed a deficit for the year amtsunbng lo £9,322 cofflpared to a surplus 01 £5.479 in the pieceding year. The
maln C¢￿1r1bUttsry factor was the on$ unctwpièd Almshouse during part of the yèar and a rent strike by another resident.
Thè r•què81 for a loan of £45,orK) waÈ granied by thè Almshouse As8¢xlallon for the ￿furbI#hMenI tsf no.19 Southwood Lane
in Novgmber 2025, with rgpaymonl in 20 equa1 in¥taltnonls every 8iX rnonths 01 £2.362.50 comrn8ndng from 6 month5 after
the final drawdown in June 2026.The foe for tho loan was 5%, i.e. £2,250.
The deficit on operating a¢tlviUes was slightty W0￿ened by the loss on the market value of Inv¢sbrents wountlng lo
compared lo a gan of £2.281 in the precethng year.
The Balan￿ Sheel has therefore shown a de¢rea8e In re5erve8 of £9.322, being the n81 expenditur6 for the year. This is
r8presenled by a defial on unreslricled fund5 of £5,134, ar￿ a defKil on reslricled lunds (representing the deprecAalion
charg& released againsl the soclal housing grant) 01 £4.193.
Inve8tment pollcy and oblectlve8
It is thè Ch8rfty'$ ptsllcy to invest any 8urplus funds in sècure Snveslmants. The investrrents are man3ged by the Trustses
have opted lo Inve81 in a rnixed portfolio of Accumulatlon Income Shares wlth CCLA, M&G, and Bla￿roCk Chartty
Funds.
R•s•rv•s pollcy
Wollaston and Pauncefort Almshouse Charity keeps ieserves lor the maintenance of Ihelr anclenl ￿lIding8 whlch are used
as almshous8s and u88d for th8 we118rè ol resldents. The Charlty ￿11 alm to maintain a rninimum balance 01 £15.0(K) in
their current account foi the upkeep ol Ihe buildillgs. In addl￿.On. maintenance contributions receivable from reshjents wll bo
revie￿d annualty. Th8 Twstèès will also tr8nslèr ol funds for inveslments annually.
Al 31 December 2025 reserves amounted to £537.546. ofwhith £340,313 ￿re unr*8lrlct&S £197.233 were restricted.
Golng concorn
There are no rnatters of going concern lo report. The Court of PrI)b￿lOn soliolors lor rn,33 has refunded the ￿ole
outstanding WMCS and conllnue8 to p8y for the absent res￿&￿t in a Nrsing home. The resident of no.29 also conun￿5 to
withhold his WMC duè to compl8int8 ab(MJt thè damP￿Ss In hi$ property. A provision of £12,610 has been made agalnsl the
£27,610 owed. Whilst the Twslees ar¢ trweful that th¢% lunds will be recovered in lull. Bignificant lime has now passed
calling into quast*)n t￿ récovèrabllity ol thÈ ￿11 amount. No.19 has been empty slnce August 2025, ￿)d (( Is hopgd that a
new resident can lake up ocwpalim In e8rty 2028. Th? Twst¢e5 are ol the opinion that thg charity has svfficient resarves to
adopt IhÈ Going Concem ba6Ls.
FUTURE PLANS
Tre Trustees intend lo continue with Ihelr exlsting inveslments. Th9 Truslees continue lo look for opportunities to raise any
ngC&S$gry fur￿lr￿j from grant8,
11 is proposed lo contlnue lo manage tho prop¢rb9s Ourse￿88 for a peric4J, so retainlng Ihe fiMI WMC from ro¥idBnts lor thi
purpos&.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governlng documgnt
The d)aflty is controlled by its governing document, a dggd of tru81 and 0)nsti￿leS an unlncorporaled charity-
Charfty conslltutlon
The charity is govérned by the Scheme ofthe Charity Commls8lon dated 91h October 1980 as am8nd8d by 8 Scheme of 1￿￿
January 1992. The Charity's Reglslored Nutnbei 18 235011 and it is also reglsl8red wth the Regulator of SocAal Housing
(Number A35271. The Charity is a wblic benefit ents"ty.
Page 3

WOLLASTON AND PAUNCEFORT ALMSHOUSE
CHARITY
Report of the Trusteas
for thè Y8ar Ended 31 December 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organl¥ptional Structuro
The Board ol Trustees m8t five tiffles during 2025. to deal with maller8 re181ing lo tho alrnsh0us￿ and their beneficiaries.
strat8gy and FX)licy and to ensure Ihal any vacancies that arose were filled. Tho CIEwk 1¢ the Gharily continues to oversee
the CoM￿lan￿ responsibilitie8 in consultation wlth the Trustees. The Clerk and Trustees m8y att8nd Ihg S¢mln8rs for
Twstses and Clerks orgaN88a by th8 Aknshouse Associallon as approprfate.
The TrLtstees also confimi that they have had ￿gard lor the Charlty Commission guidan￿ in respect ol public benefit wh¢n
r•viÈwin9 Ihè ch*ity's aims and objectives and planning future ath'vllies.
Induetlon and tmlnlng of now trust••¥
The￿ are ￿rren￿Y five Trustees to the Charity. Mr Rlchard Saga was elected Chair. by the Trustees al their rneelir¥J in
January 2025. Thè Trustees arè pèrsons ￿0 either currentty reside or who have forfflerly re$Kled in the locallty and
recruil8d in acGoidanGg wth Ihe aim ol the Board ol Trustees to provide 8 mix ol proles8lonal skills. experien￿ and
availability to deal with day-to-day i8sue$ relating tf) the alm8hc>L)ses and their beneficiaries. New Trustees are briefed by the
Board of Trustees and may attend courses wn by Ihg Alrnshous¢ AssoGiotlon and others il they choose. If av8il*)le, a
Trustee attends the Alm¥houso Assoclath)n Annual General Meet'ng.
Key management remungratlon
The Iru81ee8 re￿1ve no ￿m￿neratIOn for their services other than the reimbursement ol oul-ol-pod(et expenses
Rl$k management
The Trustee5 have identified the risks lo which the Charlty might be exposed. These are reviewed on an ongtsing bas1$ ancl
syslern8 ale in place to ensure controls ar8 appropriate to provide reasonable assurance agalnst fraud 8nd orrot.
The Board's fc￿$ in the yearwas on the below princlpal risk8'.
Pro
e￿e$ lo D8cenl H
Regular reports are made to Ihe Board to ensure all F*operMes and inspectl¢)ns are up lo dale. A programme of works is In
place for ¢ompc4)enl ￿placeMents.
Maintainin
ood service lev91¥ lo 198id¢nls
Wolla510Tr and Pauncefort ￿M$hOuse Charity adopts communication beh4fen residenls and Trustee8 and ￿tIonS
¢oncerns rais8d as necessary.
Effeclive mana
ement of the Chari
's resou
The Board continue to monitor the Charity's resour￿5 and particularfy its finances the econornK unTrrtainlles CUr￿nNY
Impacting lh8 cost ol liviry for lh8 residents and Ihe d)aifrty Sn mtyinlalnlng the properties. Given t1￿ investments held by the
Charity. lh• Trustees are confident that the charity Is able lo conbnue de*vering118 Ot4.￿tIVes.
Codè of Gov•rnane•
Tho code ol govern8nce 8dopt8d by the Tw8leés Is lh8 C178rlty ￿v￿rnanc8 Cod8 for Smaller Charities. as thls best fits with
the aims and objectives ol Wollaston and Pauncefort a8 an Alm8hou8e Charrty and represents a Standard of goK)d
govemance pr8cllce to which all charilitss should astlre.
The Boaré of Tru8tee8 ¢(x)firm3 ¢oMplIan￿ wth lh8 Govemanee and Finanaal Vi8bllSty Sland8rd. In d￿ng so, th8 Board
confirms that it has an appropriate, robust and prudent business planning, risk and conlrd framework In place.
Th• charity adh8r8s to the HousiThJ Ombudsman Complaints Code and ensJJr8s that complaints and COr￿rnS raised by
residents are addre&sed approprialdy.
Pag8 4

WOLLASTON AND PAUNCEFORT ALMSHOUSE
CHARITY
Rgport ¢f tho Tru$tse8
for thè Yoar Ended 31 Dac•mbor 202S
VALUE FOR MONEY IVFMI
Each year the Charity uses a range of data lo measur8 VFM progrèss against Ihe ￿Using sector. The results help influence
inve81rnent dacisi￿& and provifle th¥ rogulalors and other stake￿IderS with information on tre progrtrss of Ihe C￿ty,
whilst also ensurlng compliance with the regulatory VFM stsndard. The melri¢s have ￿eft compared to The Acuity Smaller
Providers metrics foi industry cornparability.
Motrlc
2025
2024
Aculty
Scorecard
Commgntary
New SUp￿Y
delivered
0.0%
0.0%
The Charity wns 6 unfurnishèd cottagas This
r9Th8in8 85 w the previous year. wlth no new
of s[￿al or n￿l-sc￿la1 housin
Gearing
18.41%
18.41%
13.8%
The Charity had no borrowings until the last
month ol the year and did not Incur any Interesl in
the ear.
E81TDA MRI
NIA
NIA
192,0%
Th& charity in¢y￿ed no knterest in Ihe year.
8oiyal Houslng
Cost Por Unil
£6,895
£2,553
£6.524
The charlty had 8ignificanl
repair
and
rrainlen3nce costs 88 It comm&nced the
r61urbishrnenl 0119 Soulhwood Lane.
Operallng Margln
Ov¢rall
121.331%
12,79%
15.37%
As a Chwity. W￿laS1on and Pa￿le•fort rècÈlv8s
Incomè trom ils Investments, thus impactlng the
operating margin. Tlys ineomo also unde￿rIt&S
part of the charity'8 operatsng costs. 2025.8
r8sults continua to be impacted by No.19 belng
em
In the
ear.
Social Housing
Lettings only
132.251%
(6.871%
17.3%
ROCE
11.531%
0.58%
3.1%
This is particularly low due to the mlniffl81
lia￿litIeS ol the charity, l098lher wlh an op9taling
deficit in the yeai. The Charlty trK)Ids investments
sthich additionally provided an unrealised 1055 of
£906, com
ared lo 8
ain of £2 281 In 2024.
Rginvoslm¢nl
0.0%
0.0%
3.4%
There werè no component raplae•ments in the
year. Tha charity
CLJmrnenced
major
refvrbishmenl project in November. and ihls
mtliic 18 IhèrèforÈ èxpe¢led to show $1gnificanl
reinveslmenl in 2026.
Approved by order ol th8 board of bustses on ....
. and 8igned on Its behalf by.,
R D Sage- Trustee
Page 5

WOLLASTON ANO PAUNCEFORT ALM8HOU8E
CHARITY
ststgmgnt of Tru$tee$' Responslbllltles
lor the Year Ended 31 December 2025
The Iru8tee$ gre reswn8ible for preparing the Rem ol the Trustees and the finar￿la1 8lalernenls in a¢¢ordance with
applicable law and UThted Kingdom ACCOUn￿ng Standards (United K￿gdOM Generally Accepted Accounting Practice).
The 18w app￿cabI￿ to charllles in EThJland and Wales, the Charitie8 Act 2011, Charity (Acc￿nts and Reports) Regulallons
2008 and the wovision$ ol the trust deed requires the trustees lo prepare finan¢lal 8talèm8nls for each financial year which
give a true and lair view ol the stale ol affairs ol the charity and ol thè. ineomlNJ resources and application of resources,
induding the income and expenditure, ol the tharfly for that pgrtod. In pieparing those finanual statements, the trustse5 ate
required to
seleci suiiat4e accLJuntino pc4icles and then apply thorn ￿n￿l5￿ntty.'
- obs8rve the mothoKls and princI￿e$ In the Charty SORP,.
make judgements and estirnales that are reasonable and prudent..
prepare the financi81 st8lements on ts golng eoncem basis unles5 It 18 inapprorthate lo presum¢ that the charlty ￿11
contlnu8 in business.
Th8 trustées ar8 respOns￿lIe lor keeplng proper accounting records which disclose wth re8sonabie accuracy al any Ilme the
financial p0S￿On of the charity and lo enable them lo ensure Ihal tre finarrial statements comply with the Charitie5 Act 2011.
th8 Chaiity [A￿U￿ts and Reports) Régulations 2QW)8, the Housing and Regenerali¢)n Act 2CA)6. the A¢¢ounllng DIre￿"On
for PrNate Reglslered Pro*iders of Social tr￿USing 2022. and the 1x0vis￿n$ ol trust deed. They are also responsib19 lor
safeguarding the assets of the and hene8 lor taking reasona￿e sleps for the prevenllon ar￿ deloction ol fra￿1 and
olh•r Irregularilles.
P8gÉ 8

Independent Exam1￿￿8 Report to the TruBtoeB of
Wolla8ton and Paune•fort Alm8hous•
Charlty
Ind¢per￿Ont &xamln•r'$ roport lo the Iru$tees ol Wollaston and Pauncefort Almshouge Charlty
I report to thè d)aiity Irusleeg on my èxamination ol the accounts ol Wollaston and Pauncelort Almshouse Charity Ilho Tru$ll
for the year ended 31 December 2025.
Respon81bllltles and ba818 of report
As the charity Irusletrs of the Trust you r&sponslbl• lor th8 preporation ol Ihe accounts in accorda￿¢ wth the
r8qulrements ol thè Charities Act 20111'the ACVI.
HaV1r￿ satosfied myself that the aetounls ol th8 Ch&rity 8r• not required to be audfced under Section 136131 of the Houslng
and Regsneratlon Act 2CQ8. an indepèndent examlnallon has b9en call￿d o(rt.
I report in respect of my examination ol the Tru8fs accounts carri8d oul ulld8r Seclion 145 of the Act and in carryirvJ out my
examination I have folowed all applicable Dire(*on8 given by the Charlty Cwmlsslon ￿der Secl¢on 145I5llbl ol thè ACL
Indèpendent examlnerf8 8talement
I have completsd rlly exarnination. l Confimi that no material mallers have Come to my ailenllon In connection wllh the
&xamination givir¥J me cause lo bellev8 thal in any material rospecl".
ac¢ounting records were nol kept in respect ol the Tru8t as requirgd by Se¢tlon 130 01 the Act.. or s￿lI0n 13512113101
the Housing and Regeneration Act 2008., or
tha accounts do rnt accord wth those r8cords,' or
the accounts do not compty with the 8ppli¢able requlrements cO￿erning Ihe forni and ¢onient of ￿￿Unts sel out in
the Charities (Aecounls 8nd R8Ptsrtsl Regulatlons 2¢J)8 olh8r than 8ny requirem$nt that the accounts gNe a trut and
fair Mew which is not 8 matter Gonsidefed as part of an Independent examina*'on.
I hav8 no concerns and have come xross no other matters Sn connecllon wilh the examination to which allenllon be
drawn in this rewrt in order lo enable 8 prO￿r underst8TrJing ol the accounts to be reached.
Thls re￿rt 15 made lo thè TruÈt8ts, as a body, in accordance with th? terms of rny engagemenl. Our work haa béèn
undèrtaken so ihat we rnighl carry out an Independ¢nl Examlnats"on ol the financial slaternents In awordan￿ wllh Ihe
General Diiectlons givèn by Ihe Charity Commiss￿ners. To the full88t extent permSlleiJ by law, we do not accept or assume
sponsbillty ¢0 anyone otherlhan the Charity and the Charity'$ Tiust8•S."8s B body, for our work Qr for this r&port.
Jarnes HollaThY-Le8der FCA
Kllox Cropper LLP
Chartè￿￿ A¢£ountsnts
Offiw Suite 1
Haslemere HthJs8
Lo￿r Street
Haslernere
Surtoy
GU27 2PE
Page 7

WOLLASTON AND PAUNCEFORT ALMSHOUSE
CHARITY
ststement of Flnanclal A¢tlvltlg8
for the Year Endod 31 Dg¢*mber 2025
2026
Total
funds
2024
Total
fund8
unr8slr￿t8d
fvnds
Restricted
ftjnd
Notes
INCOME AND ENDOWMENTS FROM
Donati￿S and legacies
1,000
1.000
2,384
Charltable a￿1¥￿tleS
Housing
36.19S
36,195
21,7
Invo51rllEnt Inomg
1258
2,305
Total
39,453
EXPENDITURE ON
Chorftsblo a¢tlvltle$
HousiThJ
47,869
Net g8lnslllos$e81 on InvÈstm•nts
906
2.281
NET INCOMEIIEXPENDrruREI
16,1291
14,1931
19,322)
5.479
RECONCILIATION OF FUNDS
Total funds brought forward
345.442
201N26
546068
541.389
TOTAL FUNDS CARRIED FORWARD
197.233
537 546
Thè notes lomi part of these IlnarKlal statements
Page 8

WOLLASTON AND PAUNCEFORT ALMSHOUSE
CHARITY
Balan¢0 Shetrt
31 Dec¢mbèr 202
2025
Total
funds
2024
T¢)tsl
lurn4s
Unrestricted
fuThJs
Rèstsicted
rund
Notes
FIXED ASSETS
Tangible a85els
Investments
12
13
207,876
197,233
405,109
411.605
293.304
197.233
490,537
497,473
¢URREKf ASSETS
Stocks
Debtor8
Cash at barhk
14
15
6.222
20,239
6,222
20,239
22,126
67,376
67,375
56,729
CREDITORS
Amounts falling due wthin Cbna yaar
16,6731
16.873)
17.3341
NET CURRENT ASSETS
60.702
49.395
TOTAL ASSETS LESS CURRENT UABILITIES
364,006
197,233
551,239
540,868
CREDITORS
Amount8 falllng du$ after rnore than one year
17
(13,6931
113.6931
NET ASSETS
FUNDS
Unrestricted fun(Is
Restricted funds
19
340.313
197233
345,442
2D1.426
TOTAL FUNDS
546 868
Tho financlal ststements weré approv8d by Ihg Bggrd ol Truste88 and arthorf86d for Issue on .. ...
and were signed on its behalf by..
R D Sage- Tru8tè&
A Ros8- Trustee
The notes form part ol these flnanaal $18tsmonls
P8ge 9

WOLLASTON AND PAUNCEFORT ALMSHOUSE
CHARITY
Notes to the Flnanclal Statements
for the Year Ended 31 December 2025
ACCOUNTING POLICIES
B••l$ of preparlny thè fln8￿181 Statèments
Thg finana81 slatam8nts of thè charity. which is a public benefit enllty under FRS 1￿￿, hav8 begn prepared in
accordance with the Charilies SORP IFRS 1021 'ACcoun￿.Dg and Reportlng by Charits8s'. Statement of
Recommend￿ Pradcè app]k8￿& to charities preparing thèSr accounts in accordan￿ swth the Financial Reporting
Standard applicablp in tho UK and Republ1¢ ol Irelond IFRS 1021 l¢ff¢¢tiYo 1 January 20191,, Financial Reporting
Slandarf 102'ThE Financial Roportlng Standar¢J applicable in the UK and Republic ol Ireland, and the Charthes A¢t
2011. The accounts comply wilh Ihe Charities Act 2011, the Housing and Reger￿rdIFon Act 2008 and thg A￿o￿llti
Oirestion for Prvale Regi81grgd Prowidets of Social Housing in England 2022.
Thg financial 5talwllenls have been prepared ￿d0r Ihp historical cost wnvenlion. with Ihe exceptlon of inve￿m￿¢S
whl¢h ale indude(l al m8rKel value, as modifled by the revaluallon of certain assets.
The fjnanckgl staleThenls are wesente(I Irh slerlirvJ, which is the functlonal currency ol IIE Charity and are rounded lo
the neaiesl p￿nd.
The accounts have been prepared to give a 'lrue and lair Vie￿ and have departed trtyn ltr￿ Charlli8s (Accounts and
Reports) Reguktions 2CrfJ8 only to the exlenl requlred lo provide a Yrue and lair wew. Tlis departure Inv￿Ved
fcpllowng Accounting and Reporling by Chaiities Prepari￿ their accounts in accordan￿ with thè Flnancoal R*portlng
Standard applicabl& in th6 UK and Republic ol Ireland IFRS1021 issued on 16th Juty 2014 mther than the Accounting
and Reportlng by Chwitie$ Stalèmenl of Rècommènded Practlce èffedlv8 from 1st April 2005 whieh has since been
wtihdrawn.
Golng concern
The finand81 $talemènts hav8 b88n prepared on 8 golng concern basls As the Trustess believe that no material
uncertainties exist. The Trustee8 have considered the level ol funds held and the expected level of incomo and
èKpènditLJrè lor 12 months from authorlsing thesè finanaal stalem•nts. Th& budgeted ineorn& and expeThJiture is
sufhcienl wllh the level of resewes for the Charity lo be able lo continue as a going concem.
Crltlcal a¢¢ountlng Judg8mgnts and k¢y $ource$ of gstlmatlon un¢grtalnty
The followng are the critical judgements and key $ource8 of estimat￿n urKertainty Ihal the Boafd h88 Made In Ihe
process of applying the ¢harily's a¢¢ounling polle4e8 and that have Ihe m081 significAnl effÈel on th8 amounts
in the financial s1*e￿￿nIs..
Identification ol Iv)uslng property components
The charity a¢CCbunt8 for its ¢KpendI￿re on housing propèrtles uslng ¢ornponenl a¢¢ounliNJ. Under componènt
awountlng, th¢ hous￿9 piopth is divKled intg those major ¢ompon¢nls whth wnsid¢red to have subslanllalEy
differÉnt uèèlul ètoncmrlc Ilves. Judgèmènt is usÉd in alloealing prowrty to8ts ba￿#èn compononts (land,
sIr￿tUre. kitchens. balhrooms otc) and in determining the usefvl economi¢ lives ol each wmponent.
Houslng pro￿￿rtY dep￿datIon 1$ calojlated on a ¢ornponenl by ￿MpOn￿nI basis, The idonlification of such
components 15 a malter oljudgemenl and may have a material imp￿1 on the depreciation charge. The components
selected are those which reflect how the major repairs lo the propety are managed.
Incom?
All income is recogni$ed onee the Charity has Ènlitlemenl lo the Inc￿me, il Is probable that the income will be
received and the aThounl of income receIVab￿ can be measured reli8bty.
In￿rne from housing repre88nts housing conlribullon5 from weekly maintenance charges from residents.
No arnounl is I￿jU[l￿d in Ihg finanaal slalgmonts for volunlegT liffle in line h￿th the SORP IFRS 102}.
Investment Income Is eamed Ihrough holding assets for investment Purposes suth as 3har85, It indu¢Jed divldends
and interesl, Where ￿ is not practical lo identify Iriveslmenl management costs i￿Urred within 8 sch8me wlh
rea50n8ble accJJracy the investment income 15 reported net ol these costs. It is Includ￿ ￿en the amount can be
measured r&ll8bly. Interest inwm¢ 1$ ro¢ogni59J using th? olfe¢bvg inlergsl method and divldend income i
recognised a8 the Ch8rty's right to receive paymgnt is established.
Page 10
continued...

WOLLASTON AND PAUNCEFORT ALMSHOUSE
CHARir
Notes to th• Flnan¢lal Statements- ¢ontlnugd
for the.year Ended 31 Dgcembgr 2026
ACCOUNTING POLICIES - ¢ontlnu•d
Income
Social Housing Caprtal grants are recognised only when recefvable, or in th8 p&riod in ￿thIch a scherne is com ￿eted
and where the amount of Ihe grant has been d¢lortninod. Grants are reflected in the reslricte(l Houslng Prowrty
Fund wlh d8precialion on giant tund¢d assets reducing this fund.
Expgndltur•
Liabilities are re(x)gNse(18s expenditure as soon as there Is 8 leg31 or ￿nstrUCtIve oblS9ation ¢ommittirrtJ the charity
to (hat &xpendibJre, il is probable that a transler of economic benefits wlll be r¢quSred in seitlernenl and thè amount of
the obligation can be measured rtsliably, Expendlture Is accounled for on an acc¥uals basis 3nd has been d4sslfi¢d
under hèadlnos Ih8t aggrégate all cost relaled lo the category. Where costs c8nnot be ¢Jiredly attrlbuled to particular
headiTrJs they have been a11ocaled lo acliwties on a basls consislenl wlth the use ol resources.
Tanglbl• flx•d ass8t8
Hou¥lng PTOPertl¢$
Wollaston and Pauncelort Almshouse Charlty prop@rt1è8 w8rè construded In the mid 18th Century. The cOnstr￿￿On
and improvernent costs ol the Housing Propertie5 We￿ funded by a Housing Coiwration Inow Hom88 and
communth.es Agency) gran( a mortgage loan from ThÈ Royal Bank ol Scotland seojred by a tharg8 on housing,
latNJ and bulldings and from Wolla51on PaurKofort Ajmshtsuse Charity's own resOu￿￿_
Housing proptho$ aro Slated at depredatsd cost The cost of completed h¢uslng prop8rt16s is depreciated over the
life of the properties. Propertièa arè Aecountad for on a componenl cost basis Wrth each ¢(￿ponent b￿ng
depreciated over ils eslimgted oconomir Ilfe. The principal components id8nkn.fied ￿(1 IM dèpr8aation rate applied
lo each component are Set out below,.
Yoars
100
70
40
30
30
30
20
15
Fabik
Roof
Eleclilcs
ndow8 and doors
Bathrooms
Mechanical systems
Kitchen8
Bollers
Stock
Stocks are valued at the lower ol cost ar¥J n¢1 realisablg value, aft¥ makirg due allowance obsdete and slow
mowng Items.
Toxafjon
The charity is exempl fromlox on its th?rrtabl& activitle$.
Fund accountlng
Unrestrlcted funds can be used in accordancé with the ¢hariiablé ¢bjectlves al the disrtsuon of th¥ Iruslees.
Restrl¢ted funds can only be used lor particular reslricldd purposes wthin the objècts ¢1 tho ¢harfty. Reslrt¢tion$
arise when specified by the donor or when funds are raisod for parti￿laT rostd¢ted purposes.
Further explanation of the nature and piNposg ol each lund is indudod in th¢ ngle5 to Ihe f nandol stalem¢nls,
btor8
Trad@ and other deblDrG are ￿COgnISed 81 the sÈttlemenl amount due after any trade discount offered. Prepayments
are v8lu8d at the amount prepaid net of any trade discounts dug.
Cash at bank and In hand
Cash at bank and Gash in hand includes cash and short term highty liquld investmen18 wlh 8 Short maturity ¢1 three
monihs CK k8s frorn the dale of acquisi￿0￿ or O￿nIng of the doposil or similar awunl.
Page 11
cOn￿.nued...

WOLLASTON AND PAUNCEFORT ALMSHOUSE
CHARITY
Notes to the Flnanclal Statements- contlnued
for the Year Ended 31 December 2025
ACCOUNTING POLICIES- Contlnu
Credltors and provl¥lon$
Creditors and provisions we re¢ognlsed where ¢he charily has 8 present cl)ligalion re$ulling from a past 8venl that
wlll probably result in the transfer ol funds lo a third pariy and Ihe 8rnounl due lo settle the obllgation can be
mea8ured or estimated reliably. Creditors and provisions a￿ normally recognlsed at their settlement amount after
allowng for any trade discounts due.
Flnanclal In8trurnents
Thé charity onty has financ4al assets and financial liabilitios ol a kind that qvality as basic
financial inslrumerits. Bas￿ fin8n¢ial Instwments are initialty recognised al transacllon valuo and $ub$equentty
mea8ure(l at théir $8th8m•nl value wlh the exceplicffl of bank loans which are subsequonlly measured at amortised
ost uslng the effecllve interest method.
Inv￿tMentS
Inveslmenis ar8 a forrn of basic fjnanixal Invo8tmenl gnd 8r8 initially recognised at Ihelr Iransadion value and
subsequentty measured 81 fair value 88 at thè bal8[￿0 sheet dale using Ihe c108ing quote(I market prlce. The
statement of finan￿￿1 adivilios indudes the nel gains and losses arisiry on revalu811on8 and d18posals througb)ut
the year.
Realised ga￿S and10sses on InvÉstm8nls are 2AIDJlated as the differen￿ btheen sales woceeds and their openlng
cairying valu¢ or their pur¢hose value il acquired subsequent lo the ffi1g1 day of Ihe fin8nci81 year. Unrealised gains
and losses are cacul8ted as the diffèrèneè bÈtwe•n th8 falr value at the year end and thelr carrying value.
INVESTMENT INCOME
2025
2024
INestrnenl income
Dèposit aCC￿nI interest
2.253
2,305
INCOME FROM CHARITA8LE ACTIVITIES
2025
2024
Gross rnalntenance contributions from rosidenl$
LoBSe5 from v¢id$
39.795
26.340
Page 12
conllnued...

WOLLASTON AND PAUNCEFORT ALMSHOUSE
CHARITY
Note8 to the Flnanclo18tatem¢nts . c¢ntlnued
for tho Y•ar Ended 31 Dèeambèr 2025
CHARITABLE ACTIVITIES COSTS
Direct
C081s (see
Support
C081$ Is90
not¢ 61
Totals
Housing
DIRECT COSTS OF CHARITABLE ACTIVITIES
2026
2024
Insura￿&
Property repalts & malntenanc8
Alarm costs
Rates and water
Bad debts
Dep￿Cla￿on
1.128
22.370
248
497
12,610
1,132
9,972
233
7,873
19,210
SUPPORT COSTS
Governancè
osts
Manage￿￿￿1
Totals
Houslng
Support costs, Induded in Ihe above, are as followÈ'.
2025
2024
Total
actiwlies
Housing
Clerk's fees
Sundries
SubsGTiplion
Independent Examlnation
1.000
236
765
390
1,054
TRUSTE&8' REMUNERATION AND BENEFITS
There were no Iiuslfje8' remuneralN)n or other benefits lor the year ended 31 De￿rnber 2025 nor for the year ended
31 08cemb￿ 2024.
Page 13
continued...

WOLLASTON AND PAUNCEFORT ALMSHOUSE
CHARITY
Notes to th• Flnanclal Statsm•nts- contlnued
for tho Yo•r Ended 31 De¢ember 2025
TRUSTEES, REMUNERATION AND BENEFIT8 . contlnued
Trustse8' expen8eB
Total expenses reirnbursed lo Iiuslees in the y6ar were as follows..
2025
2024
Propety ￿PaIrS and mainten8n(
Sundrfg$
261
7D
£331
Exponses wer¢ reimbursed to no Trustees In the ye8r12(r24." 21.
STAFF COSTS
2025
2024
Wages and salaries
1,000
Key Management personnel are defined as tho Tru51egs and Ihg Clerk lo Ihe Trustees. None ol the Tru81eès
received any emoluments or reitnbursemenl of expenses.
2025
2024
Th¢ emolumenls olthe Clerk to the Truslees were as follows
The average monthty numberofernployees dur1￿ the year was a$ I￿1
2026
2024
Clerk
No emiloy88s r8C8IV8d emduments in eX￿s$ of £60.OCQ.
COMPARA TIVES FOR THE 8TATEMENT OF FINANCIAL ACTivmES
Unres1ri(aed
funds
Reslrl¢te(I
lund
Total
fulld8
INCOME AND ENDOWMENT3 FROM
Donat￿nS and legac¥es
2,384
2.384
Charltsblvj actlvltles
Housing
21.7C¥J
21,700
Inv8Stm•nt income
2,305
Totsl
2e,389
2e,389
EXPENDITURE ON
cha￿tsbIè acUvltle8
Housing
23,191
Page 14
eontlnued..-

WOLLASTON AND PAUNCEFORT ALMSHOUSE
CHARITY
Noteg to the Flnan¢lal Statsm•nts. contlnued
for thè Y¢ar Endvd 31 D¢¢pmber 2025
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- contlnued
Unrestr￿ted
funds
Restsicted
rund
Total
nd¥
Net gains on invesbrenl$
2,261
NET INCOMEIIEXPENDITUREI
9,672
14,1931
5.479
RECONCIUATION OF FUNDS
Total lund$ brtsughl forward
335.770
205,619
541,369
TOTAL FUNDS CARRIED FORWARD
345,442
201428
548 866
10,
SOCIAL HOUSING ACTIVITIES
2025
2024
Tumover kn So¢ial Housing
Opera￿"ng costs ol Soaal Houslng
36,195
47 869}
21.700
Operallng (defi￿l￿Surpkns aThJ Ideficllysurplus on Sooal HousiwJ actiVTtle5 ￿1566)
11.
SOCIAL HOUSING GKAKr
The lolal Swal Hpusing Grant re￿iVed for Wo118Ston and Pauncefort Alm8hou¥e Charlly as al 31st December 2025
amounted lo £336.54512024'. £336.5451,
The fvll Capltal Grant would only become repayable If the Alm8hw8eg were disposed of and the grant was ￿1
reCyd￿.
Aggregate am0￿1 r￿eNed
Al 31st DeTrmber 2025 31st December 2024
336.545
Re￿aSed to Stalemènl of Financid A￿￿tle8
Al 31810gcembo¥ 202S and 31st Decerllber 2024
336 5461
Socaal Housing Grant Carrled forward
Page 15
¢onllnued.,.

WOLLASTON AND PAUNCEFQRT ALMSHOUSE
CHARITY
Nol•$ to tho Flnan¢l/l Statements- contlnued
for the Year Ended 31 December 2025
12.
TANGIBLE FIXED ASSETS
Housing
piop¢rtl95
COST
At 1 January 2025 and 31 December 2025
DEPRECIATION
At 1 Jpnuary 2025
Charge for year
134,559
At 31 December 21Y25
NET 800K VALUE
Ai 310ecember 202S
Al 31 December 2￿24
411,805
13.
FIXED ASSET INVESTMENTS
Listed
investments
MARKET VALUE
Al 1 January 2025
Disposals
Revaluatiolls
Accurnulaled dividend6
85,B68
14241
19061
890
Al 31 December 2025
NET BOOK VALUE
Al 31 Decemb8r 2025
Al 31 December 2024
There were no Inveslmenl as80ts out&do tho UK,
2025
2024
Mark*t
Valuv
Market
Val
C08t
Cost
The Investments comprise the fc4bJwlng'.
40712024.. 4071 Blackrc￿ Charinco Income shares
SB6
500
577
17,813 {2024'. 17.8131 M&G Charity Multi A5591 Fund
Income Shares
18412024.. 1841 COIF Accumulalbn Shale5 IE.R.FI
18,423
12,400
16,536
12,400
46,929
19.490
11.838
1,618
47,882
20,470
423
10,948
1,618
375
1,CKJg12024'. 1.￿9) COIF In¢¢￿? shar
Nil12024.'3921 Chanbond CIF In¢thre Sha￿s
Balance at 31 Decemb8r 2025
85,428
26,356
86,868
25,841
Page 16
continued.,-

WOLLASTON AND PAUNCEFORT ALMSHOUSE
CHARrrY
Notss to the Flnanclal Staternents- ¢¢ntlnue
for tho Yoar Ended 31 D袕mbèr 2025
14.
STOCKS
2025
2024
Stocks
15.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Arrears of maintenance
contribution8
Provlsion for doublful debts
Belham A8socialo5 Gllonl *c
Prepayments Bnd accrued In￿rne
27,610
112,610)
4,495
744
21,430
696
16,
CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR
2025
2024
Olhtsr creditors
17.
CREDITORS", AMOUNTS FALUNG DUE AFTER MORE THAN ONE Y&4R
2020
2024
Other creditors
18.
LOANS
An an*sls ofthe malurfty of loans is given b810w.
2025
2024
Amount8 f8lllng duè ￿h1n one year on demand..
Almshouse ￿so￿a10n Loan
1.307
Amounts falling due in more than five year8..
Repayable by Instalments..
mshouse Ass00a￿On Loan
13,693
Pa9817
¢onUnued..,

WOLLASTON AND PAUNCEFORT ALMSHOUSE
CHARITY
Notes to the Flnanelal Stataménts. contlnued
for thè Y•ar End•d 31 D¢cember 2025
18.
LOANS . contlnugd
During th8 y8ar Ihe charlty was 8pproved fr>r a loan from the Alm8hous• Associatic*n. The lolal avallable lending
Bmounls to £45,(m, which 1$ interest free. During Ihe year, tho arnc)unt drawn do￿ totslled £15.￿0. The loan 18
repayable in inslalmenls evary slx months over a 10 yoar perlod ￿mMe￿ng June 2026.
19.
MOVEMENT IN FUNDS
movement
In funds
At
31.12.25
At 1.1.25
Unre•trl¢ted funds
General fvnd
Investment Revauation Fund
Property fund
112,427
60,027
q72 988
14,1731
19561
108.254
59.071
172988
345.442
15,1291
340.313
Restrlcted funds
Housing fund
201A26
14.193}
197.233
TOTAL FUNDS
Nel movarnent In funds. induded In the above are as Idlows..
Incoming
resou￿e8
Resourco
expended
Gains and
losses
Movement
irh lunds
Unrestrlcted fund5
General fund
Investment Revaluation Fund
39,453
143,6761
50
14,1731
39.453
(43.6761
(9061
15,1291
R•strlcted fund¥
Housing fund
14.1931
14,1931
TOTAL FUNDS
Page 18
con￿"n￿&d...

WOLLASTON ANO PAUNCEFORT ALMSHOUSE
CHARI
Notè$ to thè Flnanclal Ststements . eontlnued
for th? Yg?r Ended 31 Dgcgmbgr 2025
19.
MOVEMENT IN FUNDS . contlnued
ComparatlveB for movernent In funds
Nel
M0￿m8nt
in funds
At
31.12.24
A11.1.24
Unr*8lrfeted fund$
G¢nei4 fund
Investment Revaluath?n Fund
Propety ￿nd
105,036
57,746
7.391
2.281
112,427
60.027
335.770
9,672
345.442
Restrlcted funds
Housing fuThJ
205,619
14.1931
201,426
TOTAL FUNDS
541389
5.479
546 868
Comparative nel movemenl in fun¢Js, induded In the abovè 8r• 88 follows:
In¢oming
reSou￿e$
Resources
oxp?n(1od
Gains and
lo¥ses
Movement
in hJnd$
Unrestrlcted fund8
Genèral fund
Investment RevaluatKn Fund
26,389
118,9P81
7,391
2.281
2.281
26,389
118,9981
2,281
9,672
R¢stTlcted fund¥
Housing fund
(4.1931
14,1931
TOTAL FUNDS
26,389
23,1911
2.281
Invo$lment Revtslutlon Reserve
This represents Ihe thflerenc& befften the market valu• and cost of Investrnenl8.
Prop•rty Fund
This designated reserve ￿p[￿SentS that proportlon of th9 cost ol t￿perfe$ which was fin8nced by chariiable
donab"on$ and thtt Charivs own resources.
Hou$lng Prop•ty Fund
This represents the Goclal h￿sing grant r¢cgfved from Hou81ng Corpo￿10￿ lor property ￿prOvements to th&
Alm8house& Depreciation on housing prq)erUes is charged lo this fvlld over the life ol the cornpor￿￿t8 ol the
bullding.
Page 19
continued...

WOLLASTON AND PAUNCEFORT ALMSHOUSE
CHARITY
Not9¥ to thg Flnan¢lal Ststsm¢nts- contlnued
for the Ygar Ende(131 December 2025
RELATED PARTY DISCLOSURES
During the year ended 31st DècèMb8r 2Q25, Bethan Associates. of which A Bethatn (Trusleel 1$ 8 princlpal ol th8
firm. recelved £30,OCpJ into Ih¢ir cliont ac¢ount lo facllitate Ihe Almshouse refurtyshmenl projéct. Out ol those funds.
£25.510 had been paid to contractor8 and supplièrs in the yèar. Interest of £5 had been recewed in the c￿ent
account. leaving a balance due bath lo tho Charity 01 the year end of £4,495, as disdosed in note 15 01 the finaneAal
slalernenls.
The Clerk lo the Charlty W2Ned £1.000 in the yeai lo 3fj$1 December 202512024.. £).￿). Thls w88 donat8d back
to the Charity by the Clgtk.
21.
UNITS IN MANAGEMENT
Tha Ch8rity had 6 units in Management during Ihe year.12024.' 61.
Page 20

WOLLASTON AND PAVNCEFORT ALMSHOUSE
CHARITY
Detalled Ststement of Flnanclal ActlvltSes
for the Year ETrled 31 ￿¢ernber 2025
2025
2024
INCOME AND ENOOWMENTS
Donatlons and l•gacle8
Donations
1,000
2.384
Investment Incomg
Inwestmenl income
Dep0511 aGccwnl inlotest
2,253
2.305
2.258
Charltsblo a¢tlvltlg$
Housing Activities
Losses frorn void8
39,795
3,6aoi
26,340
21,71
Total Incomlng resources
39,453
26,389
EXPENDITURE
¢harltabl• a¢tlvltit$
InstJran¢e
Propgrty ropalrs a maintenan¢
Alarm costs
Rates and w8ter
Bad debts
Depreciation ol h￿jsIng properties
1.128
22,370
248
497
12,610
1.132
9.972
233
7.873
43,349
19.210
Support coyts
Manay¢m¢nt
Clerk's fèe8
Sundries
Subscripttons
1,0th)
1,Ot
2.OD1
Governance c08ts
Inde￿ndent Examlnall
2.076
Total ￿SOurCeS expended
47,869
23,191
Net l•xp8ndlturnylncom• baforè galn8 and
1088WJ
18,4181
3,198
Rea118ed recogn18ed galn8 and 108999
Carried foThYard
1IOh921
1.218
This page does not form part ol tha statutory finanaal statements
Page 21

WOLLASTON AND PAUNCEFORT ALMSHOUSE
CHARITY
Detslled Statement of Flnanclal Acllvltle•
for the Year Ended 310eGember 2025
2025
2024
Roall$vd r¢¢ognls6d galn$ and108$e8
Brought forward
Reali8ed gainslllos88sI on fixed as591 invest￿entS
110.4921
50
1.218
Net (expendlturelllncome
B.3661
3.158
This page doe8 not brm part of11￿ ststutory finanual statements
Pege 22