REGISTERED COMPANY NUMBER: 00003846 (England •nd Wa1861 REGISTERED CHARITY NUMBER: 236070 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMEI4TS FOR THE YEAR ENDED 31 MARCH 2025 FOR EVANS'S COTfAGE HOMES Prirne chartered Accounlanls Corner Oak 1 Homer Road Solihull B913QG evANS8 corrAGE HOMES CONTENTS OF THE FINANCIAL STATÉMENTS FOR THE YEAR ENDED 31 IAARCH 2025 Pag• Rgl•r•nco and Admknl8tratl￿ DotsI15 R•port ofth• Trust4•S 2 to 4 èwidént Examln¢e$ Rwrt Stat•M￿t of Flnw¢lo1 Actlvllles Bala￿¢ Shtst 7 to 8 Not•sto th& Fin#n¢l•l S￿￿non￿ 9 10 16 EVANVS corrAGE HOMES REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES L6, preswrt thar rpport with the finanu81 statgm*nts of charity lor Ihe year ended 31 March 2025. ThE tru5tee5 have adoptèd Ihe provi*ons of Acco￿ling and ftepcrting ty cha￿￿•$.. Statement of Recornrnénd8d Pr8Gtice applicablo lo Chart￿ preparin9 their accounts in accofdènce the Finanual Reportrn9 Stsnd¥d app￿Cab￿ in thÈ UK arNI Repubk of Ireland (FRS 102) leffecl.ve 1 Jan￿ry 20191. OBJECTIVES A+4D ACTNMES Obl8¢tlv•8 •nd ￿m¥ The charitabie Company's 04'ectives are to provide sheltered accommodats"ot4 for women ovw the age of 60 Ih ￿eferenc& given to thosè rèstding vAltrÉn fiv8 mlos of the cty ol Bltmlngham. The strakgy em ￿0Yed to asstst the tharity *0 meat Ihis obJectNe i$ 10 provkde arKI maintan suil*)ly d8swJn8d accomrnod8ts.on for okler women ¢0 erna￿e th￿ lo lead an irthpendent hf8 %wilTOUt interference but vthen necessary. with Ihe sUPkM)rt ofethmal 89gnc1¢5 ¥5 arr4n￿ by them ortheK famly. trustees refer 10 thè Charity Ctynmi8sion's 9gn8ral guidance on p￿liC benefrt when miowing the ¢h￿rita￿e companys wms objectives in planiNng hAlure activilies. In partIcU￿r. Ihe trust8es hav conldored pl8nned a￿tieS wll con117bute to the aims and objectives set. Rovlèw olth• Actlvllles The ch8rit8t18 eomp8ny promdes and maintains 26 units of aco)mmod8tiu). Wth effeet from Ppril 2024 the Monthly Management Charge IMMCI peT unil increased 10 £550 F¢rmonih12023-24.. £5251. Dwing the yew ther8 has been sgn*ficant eN4EnditLtrE on the lolb%MryJ m8ttgrs.' 11 Upgrad8S to bathro(xns anolor kItCh￿Slor p￿sent resident5". 21 Mrmlemisats'on ol flat5, when ernpty. prior tts new resident - also 50m improvements for present Tesidtrrts who were *rylling lo endure O)e upheaval ￿1151 Iiwng tn the flal 3} C￿t￿lued Legionell8 and A3be3tos rnonitoring and maintenance ensLw4n9 that Evans Gardens remans a safe p18ce to live.. 41 Recxurfrnenl of a replacemant ol Operabon5 Manager pending the rel}￿ment of ￿ Tanya Jones,. 51 c￿QTrng works in accord8nc& the rer))rnrnendations in the OuinqLtenniat Report 2025.. 61 Maj'or insl8llaDon and commissh)nln9 of a new heatlng syslem to replace Ihe autdated singl&pipe system. The new systetn will allow monltoring and control of tteatEng to inth'vidual ffats to prov4d* more offic￿nt use of fuel. The expendiluTe of £145.7S1 has been ¢apilali$ed as a fixed 83set', 71 A propgty and well-being survey has been introd￿ed by the trustees trj ensure a pro-activ8 tnaintanan programme is in plae8 The tru5te85 W51t e￿h re5idgnt in order to cthin Ll"rect leedback ab￿1 the property and Ihe hodlh and wellkning of the ￿sident.. Bl E￿Ctr￿1 Inslalbtitin Condition R8ports have b8en tsbtainèd for#ll olthe flats. plus thecornmunal areas., 91 Appointhenl of a ¢rusts8 who ￿•11 $uppori lh8 operations rnana98r in Ihe tnanagenwnt of health and safety. FINAIICIAL REVIEW Flnaneial po$ilion During the year the tharfty madè 2n unrestrictsd su￿lUS of E￿.57712024.. £13,746). Overall the tharilat4e company has accumulated re5Èrve$ of £683.091 12024.. £602,514). of wlNch £48.750 12024.. £48.TS01 e hdd m d•&gnated rese￿8$. Investment Pollcy There 8Te rm) restriction5 on thè chaFÈVs po%%*rs to invest. The Investment pdKy 15 dectded utM)n by Ihe truslees. F￿d$ are hdd in Ihe Alfirmafve Deposit Fund, Rèdfftd B8nk, Cambiidge arvj Counbes designed specificalty lor eh*ibes. Page 2 EVANS'S COTIAGE HOMES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 FINANCIAL REwew R•s•rv•s Pollcy 11 is Ihe policy of Ihtr t[Ust￿ tt) manta'n unr8strittted hjnds l%%tych are the free rescrves ol ¢he chority) at a minimum ol 3 rnonlhs maintenance contrtrbulDns wlich provides sufficiént funds lo cover any unforeseen expeTr5es or liabilit'es. In additi￿ designated reserves are held to cover cydical and extraordinary maintènaneé and r8pair costs. The designale(l aThJ f￿¢ ￿ServeS reWe￿n￿l by Inves￿ents 8fKI cagh at bank Free ￿elVeS are defined as ihos¢ vnre8tri¢ted tunds Ihal a￿ not ￿veSted in fixed assels li.e. those reserve5 whrch are liquid 8nd readily avaiLable to thé Irustegsl. As at 31 March 2025 frse feserves were £113.300 12024.. £178.5971. Golng cone•rn The Iruslees havè prepared a business lor 2025-26 8nd, havng wnsidered the cashfbw forecAsI for the 12 months fdloww the date of signiry of these a(£ounls. a￿ safr"sfied that the charitaljle ¢(￿paTrY can )nbnue to owale. These accounts have therefor• bèan preparèd on a going con¢em basis. FUTURE PLAMS Thé trustees WIH contnue to assèss and dèvelop the property. Futvre dev•kJpmtrnts under C￿Siderab0n include.. 11 On-going replacemenl or repair of UPVC window5 as and whEn nece5Sary'. 21 A55y ne￿Ssary improvements to ¥c￿S for k5s mokn.te residents and w5rtors.' 31 On-going ￿deCOration olflats, especiwlly folbw'ng any n8C8ssary wjrks.. 41 A foling prcgramme of refUrb￿shrnents ¢or residents based on r*ed, opportuntty and vAshes,' 51 Provlsion of any th Klenbfied by Quinquenntal r8port12025},' 61 Improv$mwt to the landscaping of the grounds., 71 updatin￿fe￿SIO￿ ofstandard pol￿￿ (as described by ihe Almsho￿￿8 Association- good praclce}', ei PAT testing of equipment for rèsil¢nt 2nd cornmunal equipment. 91 RegLlar wsit5 to flats fesidents in order to monilor hèaltli an<1 wèll-bèing.. 101 Recruiiment ol lurth¢f trustees with appropriate expertise., 111 Full assessmenland pos&ble inplemenlabon of any fiffj safety m8asur•5 followng a f￿e safety rerth. STRUCTURE. GOVERNANCE AND MANAGEMENT Gov¢ming do¢um•nt The grganisatson is a ¢haritsbl¢ unltmited company vAthoul share ca￿MIS1, ¥)¢orporaied on 6 January 7868 gnd regi5ter8d as a charity on 10 Septémber 1g64. The company was establish8d under a Memorandum of A5$c¢iat￿n whicli estabilshed its oty'ects and po￿lS and wvemecl under this document. R•¢Nitm•nt 4nd Appointmont of Trnst¢g5 4nd Dlro¢tors The d1￿CtOrS of the wrnpany 8r& olso tharity tru5te¢s ftsr the purwse of charity law and vrthr Ihg ¢x)rnpany's Art1¢1es ol Association are known a8 Ihg fy)mmittee. Th8 8dministralion of Ihe charitable eompsny Es conductad by th6 b08rd. They de¢id8 att malt￿$ ol policy 8nd rnanagement and rn88t at regular int8ryals throughoul the year. Dirgctor Ind4tctlon and Trainlng New Irustees are made awa￿ of their r8SPOn5ibilities and familiwise thwns8fves wih Ihe pracbcal a￿1 finan¢ial operatK)n5. To assist them thèy are prtsmded wilh a wpy ol the Trust'5 constitulDn. Ihe latest pjbllshed awunts and appropriate Charity Gommisson publicats"ons. Board rn￿berS a￿ associates end Triends ol the chariiable cornpany with particular spe¢ialisrns. Risk management The majority of Ihe eh8rilatAe company's current assets are illvested in either Lk)yds Bank, Redwood B￿k, Cambridge and Counties Bank or Affirmative Deposii Fund for Charrties. The trustee5 are ol the ￿eW that the current ￿VeStment has a minimal risk for Ihe charitsble company. The twslees ¢on%der the key risks asswiated wlh the chalila￿a company and 8n$U￿ th31 thtrre ts an adequate control enwronm8nl to rniligate ihese risks. Page 3 EVANS'S COTTAGE HOMES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 IAARCH 2025 This retth has been p￿Pared in accordance w¥) th? sp¢o31 pr￿5￿5 of Part 15 01 the Compan￿$ Act 2006 reLgting k) sm41 compar4es. rtsved by ¢rder ofthè board ol trustees ￿............ ....... . ............... .... and &gned on ts bèhalfby.. A M Gumey- Tntstee Page 4 INDÉPENDENT eLwiNERE RepoRT TO THE TRUSTEES OF EVANSE COTTAGE HOMES Ind¢pgndert •Xamin￿$ i•port lo lh• truste•s of Evons'$ Cottage Home¥ (Iho Company'l I r&FK)rt lo Ihe charity trustees on my eX&n￿atIon of th& a(x¢)unts ol Ihe Company for Ihe yew &nd•d 31 Mar¢h 2025. R05ponslbllltlg5 and basis ol rwirt As the charitys trusteÈs of the Company land also its directors for the pl￿)0$e5 of company lÈwl you are responsitAe for the p￿pardIN}n of the accounts in accfjrdance wilh the reqi&rements of the Ccwnpanies Acl 2006 Clhe 2006 Acfl. Having satisfied myseLf that the acu)LJnts of Ihe Cornpany a￿ nut wuired to be audited under Part 76 01 the 2006 Act and are eliJble for independent examitYatk)n. I rgport in resptsct ol nry èxaminab'on ol yotrf charitys 8ccountS 8s out ur)der Section 145 01 the Chanlies Act 2011 Ilhe 2011 Adl. In carry4ng oul my 8xaminats.on I have followgd Ihe OiTecti(m given by th8 Charity Commissi¢in UnLler Section 145(51 Ibl of the 2011 Act. Indépendènt èxamSnerfs 8t#t¢menl I hava completed my examinatson. I confimi that no mattets have come to my aliention ¢n coM8Ction wilh thè exaffdnation giwng me ¢ausÈ to believ&.' aecounting record5 were not kept in respect of Ihe Company as rffjuired by Se¢D¢¢n 38fj of Ihe 2006 Act: or the accounts do not accord Ihose records., or the accounts do T¥Ot comply with kne accounting requirernents of Secllon 3Q6 of the 2￿)8 Act other than any wuirement that Ihe aco)unts ¥ tru¢ and fair wew 15 not a matter consKlered as part ol ￿ independenl examination., or the 8c¢ounts have not béèn prèparèd li accordance wilh the methods and principles of the Statèmènt ol Rècommended Pra¢li¢e for a¢xountUlg and reporbng by ch8ri*èS (applicable lo charib.es prq)ariNJ their acco￿lS in aco)rd8nce the Flnandal Rep￿ting Standard appHeable In the UK and Repubh¢ I Irèland IFRS 1021). I have no concems 8nd have e4)r(% across no Of￿ mattèrs n connect¥)n wth the examination to whrh attenlion 5houkl bo drawn in this report in ordw to enable a proFer understsnding of lh8 a[￿oUNts to bè reathed. Jeomy 1fj.ts￿ FCA Prirn8 Chartered Acuuntants Comw Oak 1 Hcther Roaj &ilihul B91 3QG P8ge 5 EVANSS COThAGE HOMES STATEMENT OF FNA14Ct4L AcmvmES IIN¢ORPORAnNG AN INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDEO 31 MARCH 202S 2025 2024 Linked Charity (Nots 13) Unrestricled nds R8Strict8d nd Totsl runds funds INCOME AND ENDOWMENTS FROM Donations and 18gacie5 25,243 26 Charitsbh *¢¢iviti Charit8Ne activities Mawlenance conlributDn 92 173,613 378 186.8e 173.613 Investfflenl income 4933 131 5,064 5,027 203.881 131 205,212 177.285 EXPENDrruRÉ ON Charftsblè actlv#E•$ Charitablè 8CtiMties Day to day maintenance ExlFaordinary maintenanc• CycliGal m￿ntenanCe Govem*K& costs 74144 27,588 74144 27,588 88,582 16.327 54.053 17.047 15,S39 3,B 3A 4.063 Tot 124,621 124,821 163,512 Nel gatnsl(lossesl c¥) investments {14} 114) 127} NEK INCOME 79.260 117 1,200 80,577 13.746 RECONCILIArnN OF FUNDS Totsl fvnd$ brought forward J94.671 602.S14 598,T68 TOTAL FUNDS CARRIED 673,931 7.960 683,091 602,514 Tts notes fo￿ part ofthe5e financyal *8temènts P8g8 8 EVANSE CO￿AGE HOMES BALANCE SHEEr 31 MARCH 2025 2025 2024 L#iked Ch￿ty 131 Unrestricted funds Restric￿￿ fund Total funds Tot futhJ$ Notes FIXED ASSETS Tangible assets Inv8Stments hveslments Inwesttngnl propèty 513.081 513.081 367,330 7.960 10 48,750 48,750 48.7SO S61,831 569.791 423,923 CURRENT ASSETS Cash ai bank 117300 118,400 185.111 CREDITORS Amounts fallsng (true year 11 (4100) {S.1001 16,520) NÉT CURReMT ASSETS 112.1QO 1.200 113,300 178,591 roTAL ASSETS LESS CUFIReNT LIA81UTIES 673.931 7.960 1.200 083.091 602,514 NET ASSETS 673.931 7,960 1,20Q 683A191 602.514 FUNDS Uire5(ri¢led fvnds Reslrict8d ftjnds 12 681.891 12ty) 602.514 TOTAL FUNOS 681091 602.514 The chari18ble ¢ompat)y 15 to exemption from audit under Section 477 of the Companies Act 2006 lor the y8* ended 31 March 2025. The members have not reqywed the company to obtain an audrt ol its financtal $tstements for the year ended 31 March 2025 In accortJanc8wth S6cbon 476 of Ihe com￿￿ A¢t 2DO6. The Iwslee6 ackno￿edge Ihetr responsibilities for lal ensuring Ih3t the charitable cotnpary keeps accounting records that 0)m￿Y wrth Se¢tions 366 and 387 ofihe CompanEs Act 2006 a¥J preparing fi￿anCIal statements thich give a tru8 and fa¥ wew of the $tsts ol aflarts of the charitsble mpwy as at the end tsl ea¢h finanaal year and ol ts surplus or deficit for each finartial year w) atcordance with the requirements of Strctions 394 and 395 and whth ott)ÈMse wmply with the qLiremerts of the Companies Act 2006 ￿1814)9 to finanoat ststemwjts, so lar as applK8bl8 to the Charitable company. Ibl The notes fomi p8rt ofthese finarrial Statements Page 7 ¢ts)ts"nued... EVANS% corrAGE HOMES BALANCE SHEET- conlinugd 31 MARCH 2025 These l]n*81 st8tements have been kyepared in ac￿rdance with ¢t* promsions apk*'cable to th81itsUe comparA8s subject to the small comp8r*es regimè. finan We￿ approved ty thè Boar(1 ol Twstees and aythorised for issue on ar￿ were signèd on Its behalfby. A M GuFn*y- Trustee R M Trigger- rustve The notes foThrs part ofthese financial stat￿ents Page 8 EVANS'S COThAGE SK>MES NOTÉS TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOEO 31 MARCH 2025 PRINCIPLE ACCOUNMNG POLICIES The Evanss Cottage H(mes 15 an ino)Tporated Chanty li th¢ L￿lled Kingdgrn. The adthe5s of thè ks gwen ￿ Ihe charity inlormatitin on page 1 of these finawal stalements. The principal accounting polides are summarised below. The actounting policies ha¥e been applied con5i5tenUy throughout the year and tho precxdng p8ri¢)d. ACCOUNTrIG POLICIES 8￿19 of proparfng the nnanclal stat8m¢nts The finanaal stslement5 have been wepared under Ihe h(storKal cosl accounttng convenbon ex￿p1 that investmenis held as fix8d 85sets a￿ Carri￿ al market yalue. They are drawn up in gc¢ordaTKe with tt)è Comparoes Acl 2￿. The Charity conslibjles 3 public benefit entity as defined by FRS102_ Th6 finanoal statameftts been prepared in 8ccordan¢e Ihe Chafilies S(N¢P IFRS 1021 'Ac(y)unting and Reporting by Cha*t*s'. Statement of Recommended Pracbce applicable to Charit￿$ Eparing their accounts in accordance with th8 Finartaal Rèporting Slandard applic8tle In the UK and Republ￿ of Ireland IFRS 1021 {affective 1 Januory 2019}'. Finanaal R￿orting Slandard 102 'The Financial Reporting Standard applicatrje in the UK Republic ol treland, and Ihe Cornpenies Act 2006. Thg finandol sf8lem9rts a¢ prepaped on 8 gtiing eoncem basis undar thè histor*¢al cost eonventh"on. Thè pres6ntst%yn CUfWCy of Ihe finar￿a81 st8temenls Is tho Pound Sterfing 1£). In¢omg l *ncome Is iecognised ￿ Ihe Statement ol Flnancéal Acliwliès once the chaThty ha5 8ntitlement to tho fuvKk it is wobable Ihat the income will b8 received arKJ the amount can be measured reliably. ExpendltuY• at*lit*es rgcognis8d 8$ expenditu￿ 8S 5(x)n 85 Iharè is 8 legal ly constructive obl(qaikJn cotnmiLting the tharity to that expen(l￿re, rt is probable thal a transfer ol economic benefrt5 w*ll be requirecs in settl&ment and the amount ol the c*)119ation can ba ffleasyred reliably. Expenditwe is accounted for on an a¢cnJa15 b&sis 8nd has been classified under headings Ihat aggregate all cost related to the category. Where costs ¢annot be dyecuy èttributed to Particular headThJs Ihoy have b•èn at6d to acl>vit18s0n a basis Consistent Ihe use of resources. Tongiblè fixed ass•ts Hou8lng propertigs- dgpr•¢latkn No depreciation is providad on freehold prcperbes on th8 grounds that they are rn8intain8d regularfy to h￿h Standard and, in the opinion of the TFUStees, 9iven the high ￿SId￿￿1 va￿e of thè propertie$. Ihe depreciabon and actumulated dewecyation be immaterial lo these o(tounts. The Trustees have orefully ￿nSide￿ any inpainient in Iha c*rying value ot the properties and 8 prowsicn is not considered n￿e8sary. FSxtur95 fthinp$. d•preclatl¢)n The fi￿￿re8 Ènd ffttmgs are depreciated on a 25% Stra￿￿t line basis. A yeals tharge has been prowded forin th9 ￿ar of acqut&tlDn and no prtsvision be tnade in Ihe year of disp)sal. Items co$tty)g ￿$$ than £1.000 arenot capitat"sed. Investmènt propvrty Investment pFoperty is shown al most re￿nt valuatK)n. Any aggregate surplus OT deficFI aristrvj from changes in lair vaKJe ts reo)gnised in th8 Statement ol Finanria ActDAti8S. Page 9 cijnlinued... EVANS'S co￿AGE HOMES NOTES TO THE FINA￿lAL STATEMENTS- ¢ontinued FOR THE YEAR ENOED 31 MARCM 2025 ACCOUNTING POUCIES • contlnued TJxallon AS 8 Ch￿tatIe cornpany, The Evans's Cottagg Hom95, is exempt from tax on HTr¢ome end gains latt￿g wlhin sectiDn5 481489 of the CTA 2010 or Section 256 of thè Taxation of c￿rge8b￿ Gans Act 1￿2 tts Ihe extent that these are aFplhd to its ¢hantabl8 ottsct3. No tax chanjes have arisen tharilable Ccmpany. Fund ¥¢ounttng Llnrèstricied fund5 rew85enl funds that are èxpèndablè at the d￿retiOn of the trustees in th fvtherJ[￿ of the objects ol charitable company. Sut* f4Jnds maybe hekl in oyil* to finar￿a both workin9 ca￿tal and carxtsl investmènt. D•siyn*gd Funds Designated ft*)ds &e Ihose funds which are un￿striCted In nature bul havè designated by the trustees to be Used in lh8 followng rnanner, thBy are outlined bdow. c￿1￿¢41, R•palrs and malnt•nanc• fund res6rve represeAls amounts set a*de fcf cycliral rn8intgnance to meet costs ￿ exce55 of txJdge*d expenthtura for any yèar. Extraoydlnary repairs fttnd This r8$8rv8 repr8senls amounts sel aside b out major repaws on hwgng proFert*$ to meet ¢0815 in excess of bwJg•t8d oxp6nditure forany year. R8str1¢t￿ fund Re5ffieted funds can onty be used for parti￿laT r8Strictad pu￿￿$?$ %wthin the Ob￿￿5 ol the Charitable company. Resirictions aEfjsè when $￿ar1ed by U)e donor or when fvrKls #rè raisèd for palticul restrided purposes. Pen$lon$ The chwi18bFe company conth"butes to the personsl pens￿￿ schemes of employees. PensIC￿ co*s ¢harged in the Statemeni ol Financid ACti￿tieS ￿p￿￿nt contri)uih)ns paya￿¢ by tho chatity in t year. VAT The tharrtabte wrnpany is exempt Irom VAT. In these fi￿n0a1 staternen15, whero aly1￿b￿. expendibJre ss shovm inclusive of VAT. IMVESTMENT IMCOME 2025 2024 Sundry irtomg l)epD51t ¥count interest 132 224 4,803 5,064 5,027 Page 10 ¢ontinued... EVANS'S COThAGE +IOMES NOTES TO THE FITriANCIAL STATEMENTS. continu FOR THE YEAR ENDED 31 MARCH 202$ NEY INCOMEIIEXPENDITUREI Net incomelle%penditure} is sta￿ aftor(hawW1c￿1tin9I'. 2025 2￿24 Independent eyamination costs Depr8cialion- owned assets 3,500 4.063 TRUSTEES. REMUNERATION AND BENEFITS The￿ ￿Ere no trustees. remuneratt¢)n or other b8n•fits for yeaT Ended 31 March 2025 nor the yearended 31 M4r¢h 2024. Trust••s' #xpens•s There We￿ no truste¢$' èxpènses paid for the year en¢Ied 31 Marth 2025 nor for thè yaar ènd 31 March 2024. STAFF COSTS The avwage nurnber ofslaff ern￿Oyed by the Chanty durin9 th8 [￿lIMI was 112024.. 11. No empbyees12024'. r*JnÈl re￿Ned total employts btnèfits exc8eding t60,000. Th* chwty operales a define(I contr*)ul&)n pen510n scheme. Th& chargè tts thè Statement of Finandal Act￿l￿'e$ for the yè* is £390 12024." £7811. The￿ were no outstanding eontnbubong and no PTCPa'd ¢ontributrons at the yèarend 31 March 202S ¥K)r¥t 37 Ilarch 2024. COMPARATIVES FOR THE STATEMENT OF HNANCIAL ACTIVITIES ked Charity INote 131 Unresbicted funds Re3lrictsd fund Tot81 funds INCOME ANO ENDOWME￿f8 FROM Donations and lega(aes 5.000 Charitablg a¢tlvh1•6 Charitable actiwtses Mantenance contii)ulion 378 ie6,880 378 16fj,880 Investrntnt 237 5.027 Total 177,048 237 177.285 EXPENDrrvRE ON Charitable B¢11￿11 Charithle acb"vities Day to day Ma￿￿￿8n¢e Extraordinary maintenance Cycl￿1 maintenawe Govemance o$ts 68.562 16,327 S4,053 17,047 3.460 16.327 54.053 17,047 Page11 coribnued... EVANS'S COThAGE HOMES NOTES TO THe FWANCIAL STATEMEMTS- contlnu FQR THE YEAR ENDED 31 MARCH 2025 COMPAIiAnVES FOR THE STATEMEp4foF FINANCIAL ACTMTIES 4 toMt•A Linked Uwtricw Charity (Not8 131 Restricled fund runds Other 4,CB3 4.063 163,512 163,512 Nèt gain￿(lO$s9sI on invoslmonts 1271 1271 NET Kome 13,$38 210 13,746 RECONCILIATrON OF FUNDS Total funds br(¥Jghl loTrvwd 581.135 588.7e8 TOTAL FUNDS CARRIED FORWARD 594,671 602,514 TANGIBLE FIXED ASSETS ImprL¥¥emem$ FixtUT88 and frtbnos Fr¢eho propety property Tot8ls COST At 1 April 2024 Additions 42.39B 409.728 145.751 145,751 Al 31 M#r¢h 2025 230 145,751 42.396 555A77 DEPRECIATION At 1 ￿ri1 2024 and 31 March 2025 42,396 42,396 NET BOOK VALUE At 31 March 2025 367,330 145,751 513.081 At 3f Marth 2024 367,330 387.330 Page 12 Contin￿d... ErfANS'S co￿AGE HOMES IOTES TO THE FINAPICIAL STATEMENTS- contlnu•d POR THE YEAR ENDED 31 MARCH 2025 FIXED ASSET INVESTMENTS Unlisted investmonls hlARKET VALUE At l April 2024 (SrtKJns RevB5uaticYis 131 At 31 March 2025 7.￿0 NET BOOK VALUE At 31 Marth 2025 Ai 31 hA8rch 2024 7.843 Thèrè **re no investrnent assets outsKlè tre UK. The investment bdongs to The Mfred Smith Evans Trust Fund a linked charity to Evans's Collage Homes a5 detsiled in note 13. Yhe funds aFe heKI as an Investment in Ihe Bl&ckrod( Charrbe5 UK 8ond Fund. This investment is Ihe sole a%8et ol Ihe charity and tre pwrd5e of vknich is bi gen6r8t3 fiJnd5 lor the use of Evans's Cottage Homes. 10. INVESTPJIENT PROPERTY FAJR VALUE Ai 7 Ponl 2024 #nd 31 March 2025 4&750 NET BOOK VALUE At 31 March 2025 48.750 At 31 March 2W24 48,750 The block ol six ffats In whl¢h Evansb C0tt39e Hornès 15 th¢ ultirnate treeho1der werè revalued by N￿k Ploinek Associates in January 2018 as £97,500, being the averaga valuation for the ￿1$ remainlng on short laasès. The vduaton was prepared on 8 leasehotd revewn basls with Ihe vèlu8t(on being an average figure bs5ed on whether the properti85 8re sold under th• LO#Seho￿ Reform, Housing and urt)an Dw8lopm¢DI A¢1 1993 or on an ¢)pan market sale under (he Landlord and Tenant Act 1987. At the dat& of th8 valuation, there rorna￿ad 18ases neaiing the end ol the leas8 p8riod. tkjrtng th• year ern4ed 31 IAarch 2020 there was ¢Jily one remainin9 le8S8 Unè￿end8é. 11 was deemed appropriate to walue Ihe inv8slfflent property in accounts 8¢cordinyy as hall Ihe 2018 ¥akJe Therefore at ih¢ y8ar ended 31 March 2020. the ￿mainIng short lease walued at £48,7￿ It has been deemed appropriate lor thg valuatKJn at thtr ènd*1 31 March 2025 to remain at £48.750. Poge 13 continLtéd... EVANSB CO￿AGE FK)MES NOTES TO THE FINUCIAL STATEMENTS-contlnuBd FOR THE YEAR ENDED 31 MARCH 2026 f1. CREDITORS: AMOUNTS FALU14G DUE V¥TfHIN ONE YEAR 2025 2024 Sctval $8c¥Jrity #nd other tax8$ Other creditors AC(XU￿ expenses 970 630 3.500 840 600 5.074 5,100 6,520 12. MOVEMENT IN FUNDS Not movement in lunds TraAsf•rs At 31.3.25 At 1.4.24 funds Unmtrlcted furvJ¥ Genera f￿d Oesignatsd fuFvJ.. RepaiT5 & Maintenance Designated fvThJ.. ExtraQrdnary Repaws L￿ked ChaDty- Afr8d Smith Evans Twst Deswna*d hJrKS.. PfQkwty rgvduatKJn 545,921 98,259 118.9991 625,181 115,S391 15.539 13,4601 7.843 48,75rt 117 48,750 602.514 79,377 681.891 R•$trlc¢•d lundg Restll¢led fund 1200 1,200 TOTAL FUNOS 602,$14 80,577 683.091 Net movament n fvnts. indudéd in the above a￿ as follows.. Incon)ing Resour¢e6 resaurces expended Ga(ns Movem8nt losses in funds lknrostrKt￿ fi•nd• Gener81 fund De5i9nat&d fijnd.. Repairs & Mwntenance Designatsd fund: Extra-ordinary Repgirs L￿ked Chwity-AKred Srnith Evans Trust 203M81 1105,6221 982S9 {15.539) 115,5391 13,4001 13,4601 131 (141 117 204,012 1124,8211 1141 79377 R￿Ir1¢t¢d I￿￿￿d5 Reslricled fund 1,200 1,200 TOTAL FUNDS 205,212 1124,6211 {14} 80,577 Pago 14 continued... EVANSE COTTAGE HOMES NOTES TO THE FIMANCIAL STATEMENTS- ￿ntinU8d FOR THE YEAR ENDED 31 MARCH 2025 12. MOVEMENT IN FUNDS- contlnu¢d ¢omparntfvg¥ ft>r nM)v•ment In lunds Net movement in funds Twsfers bemeen fvnds At 31.3.24 At 1.4.23 un￿trIcted funds General fund Desiwaled lund.. Repairs & Mainlenarte Designated fund.. Extra.Ordlnary Rèpairs Linked Charty- ￿fred Srnith Evans Trusi DeswJn8ted ftJrKI.. pr￿ty revalu8tion 528,882 84,635 I67.$￿} 545.921 3.S)3 117,0481 13,543 IY,0531 54,053 7,633 48,750 210 7,843 48.750 588.768 13.746 602,514 TOTAL FUNDS 588.766 13.746 602,514 ComparatNO nel mo￿n￿r irs fund& induded n the above a￿ as fotlows.. Incoming resourees Resourc95 expended Gains and Movem￿1 losses in funds Unmtrtet•d fund• Ge￿ra1 fund Designated lund." Repairs & Mainttnance De3unated fiJnd.' ExlfaQrdn8ry Repairs Linked Charity- Alfred Smith Evans Trust 177.048 192,4131 84,635 117.0461 117.0461 154.0531 154,0531 237 1271 210 177,285 11e3.5121 1271 13.746 TOTAL FUNDS 177.285 1163,5121 1271 13,748 PURPOSE OF THE RESTRICTED FUND During 2025 thè cl%arity receivod £1,200 from the Grirnrnitt tnjst for wdectsratK)n 91 ifs flats folknwn9 the Instaflatr"M of the new heabng nthoth at EvarB Garrlens. This was not spent drring Ihe year and the balance on the re51rict8d fund as at 31 Ndarch 2025 is £1,200. In 2024 the balance was P89e 15 continued... EVANS'S COThAGE HOMES NOTES TO THE FINANCFAL STATeMENTS. cotttknu•d FOR THE YEAR ENDED 31 MARCH 2025 13. RELATED PARTIES UNKED CK4RITY- Alfr•d Smith Évans Trust Fwxl: Charlty No. 23e07fv1 The Ajfred Smith Evang Tru81 18 a Fhked charity of The Evgns's Cowe Flomes 4JTrJer a stheme dated 29 Apr￿ 1982. 8y 8 trust deed dated 14 Septemter 1868. incom8 from The ￿tre& Srn*¢h Evans Trust FLtnd. is to be applied in auyrn8nts.ng th8 income of The Evonss Cottage Homes. These fvnds are hekl as an In￿str￿ent in Blackroth Chan*e$ UK Bond Fund shares. The m8rket Irf this lnvestrfi￿l al 31 March 2025 wa5 £7.95> 12024.. £7.8431. hvaslment ineomè of £130 (2024.. £2371 has been ret￿r￿d and ￿inveSted by The Allred Sm4th Evans T¥usl Fund. Accounts consdidgliry this subsdiary a￿ not prepar•d on basis thai Ihe incomè ol Ihe Subsidiary charity for the year Ortd￿ 31 March 2025 is irnmatsrfal trj th8 grw) 8nd hence the Ir￿orne ofthe group does not eX￿d the audtt threshold. Pag8 16