REGIRED CHARrrY NUMBER: 236411 REPORT OF THE TRUSTEES A14D IAL ATEMEiYrs 24 FOR C B H¢slop & Company Limit¢d l High Strttt That¢ham Berks RG19 3JG
ARI COKTENTS OF THE FtNANCIAL STATEME for the ear ended 31 DECEMBER 2024 Pagt Referentt nd A¢kniDiStntivt Delai Report Of the TnM¢¢es 2 to 3 Indepent EMIner'S Rert Stttmeat of Finnci Aelivit BalaDce Sbttt Notes to the Fimneial Stteme•ts 7 to 16 D¢tiled Slat¢m¢Dt of FiDpeiil ArttYitKs 17
KINGSCLERE ALMSHOLSES CHARITY FERE for the AND ADMINI r ended 31 DECEMBER 2024 Trns¢ees Almshouses CbArtty Copofficial COU¢11]01 s Adams Nominativ¢ Tn¥ttts P StewdTt I Power5- Te$igne4122104124 Philip Crisford Nigel Chomings Melanie Pr&ter. appointed 18109124 P Drin8. Vice CThainnan Andrew Kitrh Petcr E&stwryck- Field- Cfrainnan Rev Pe* Williams Rob¢rt High•m P Crisford- 811 I Pow¢rs- Vi¢¢ Ch8iTman Wdfire Ckxrili P Ea%ti4ick-Field CoU1110r Sue Adams- Chainnan Clerk to the Truste GHern Addre& 6 Cedar Dr. Kin8scl¢r¢ Newbury. Bethiff RG20 51B Chirlty RSL number 236411 A0486 A¢eountaThts C B HeskTrp & Comp8ny Ltd l Hi8b Street BeTkshire RG19 3JG BaDke HSBC Bank PIC 2 The Parade Mulford5 Hill Tadl¢y Hatyhr¢ RG26 3LG Injvrnnee Broktr AON Limit¢d Briawliff House Kingsmt4d FaMbOlu8 Hampshire GU14 7TE Page I
REPORT OF THE TRusfEES for the r ended 31 DECEMBER 21124 The trn5¢¢¢5 presen¢ their report with the fi]wi¢ial ststement5 of the charity for the year eThJed 31 Decernber 2024. The tru5tee5 havc adopted the Provisions of Accounting and Rep>rting by Chariii¢s'. Stst¢ment of Recommended Prxtice applicable io charities prq)aring ihEir xcounts in aCCOTdance with the Financial Re[7n8 Stdard applicabl¢ the UK and Republic oflrelwml IFRS 102) (¢ff¢¢tive l January 2019). Charity ngme The full name of the charity is The Charity of The R¢v¢r¢nd Thomas Brown. athl Tr Charity of George Durbidg¢'. Th¢ ChOTity i$ b¢t¢¢r as the Xing5rlcr¢ AlM51L0 (ri. ConstSthtion and objeets The charity 15 operated under the rules of its Charity Commission kheme dated 2nd September 1969. as varied by the Scheme of 2nd February 1987 gDd Order dated 18 March 2003. The principal objectives of the Charity are: To Provide acconMTrJkntion 10 PLK>r persotL8 resident in the rAriskn of Kin8scl¢r¢ and the ancient parish of Baughurst. 2. To apply the income of ihe chanty forthe bcneflt of the almspeople in such manner as the Trnstees see fit. Printi7 policies to athieve objects Th¢ twelve almshouse 0peIeS are leased Wlder lieense to locaj ride[rtS for a ekI). chrge. This irKonx is used to fiujd the running and mainteDaThce costs of th¢ properties. Review of the year A¢roTnmodation Wd5 provided to 12 alm5people thiring the year. The income applied against the generni rurthing expenses, leawtsg a net of £12.216 (2023 -£12.785) bcfore Invest incom4 reVaItIOn gains aDd property improvement transfer5. The trustees would likc to expres5 their thanks to the Warden for her efforts in etLwring the 1] being of the residents at Headley. Th¢ tnre¢S will ¢ortinue to work with the Rllterest5 of the reshdents in mind and will strive mainthit) and improve the properties lo the best of their ability whilst bearin8 in mind th¢ fiu)ds available. Reierves policy Th¢ designated nd for Cy¢li¢al MarntenaTKe stands at £36565 (2023 £34.742) and 15 rnaintained in accordance with the Charitv Scheme. The funds are invested by the mle¢S in order g¢nern in¢ome for the fijture maintenance of the properties. Ao annual transfer of £Nil (2023 £Nil) is rn8de from unrestrictd furM15 to the Cyclical mainten¢¢ Fund. Unrestricted funds are required to sup)rt the Twming costs of the charity on a daily basis. Tbe Current level of £84.855 12023 £70,828) is appropri¢ for this p)se. Rlsk Mn¥gemenl The Trustees have coLsidertd the risks to tiich the Charity T1¢ hav¢ b¢¢n revid a1 systems and proccdur¢s are in place in order to mitigate those risks. Trustees The Trustees of the Charity during the year er r¢vi¢w ¥¢ th)se shown on page l. Whell mplete. the boaTd of tn]str¢s shall wnsist of ex-oifi¢io trusiees, four nomiDative trSEe¢S a[ four c(ptliVe trustee5. The r)mIntV¢ trustets are appointed by the Parish C(yJncils of Kin8sclere and Athford Hill with H¢adley. Coroptstive trustees are persons residin8 or ¢arrying on busin¢ss in or near ihe area of benefit. A new may be aprA)inted by a re50lution of thc Tru5ttes. TOrded in thc minute5 and an acceptance signed by th¢ n¢w trustee. EleetioD of tlle Cb4iTiiia The ¢hairn1on 15 ¢le¢t¢d by the t(ustees for p10d of one year. OrynisatiOD#I $tru¢tu The trustees meet flve time5 a year to discuss the ovcrail owion of the chlty 11$1 the day to day nmning of the charity has been delegated to the Clerk is assisted by the Warden. STRUCTURE, GOVERNANCE AND MANAGEME Governing document The charity is controlled by its goyernitig deed oftrLLSt aTxi constitutes un]ncort1ed ehanty. Page 2
ERE AL IARTrY REPORT OF TIIETRU for thE eHdtd 31 DECE BER 21ll4 Arq>rDYed by ord¢r of bootd of trwetson......_...... •kl its behlfby.. P G FA#4k-Fl&d. TnL
INDEPENDE EXAMINER'S REPORTTO THE TRIJSTEES OF NGSCLERE ALMSHOUSES CHARITY Independent ex•miner'5 report to the trn5tees vf KiDg5dere Aiwhouse5 CbarKty I r¢p)rt to the charity twst¢¢s ¢)n DIY ¢xamiDation of the a¢ts of Kiw¢lere Almshouses Charity (the Tn1) for the y¢arended 31 December 2024. RespoDsibilitieJ aDd basis of rep)rt As the charity trnstees of the Trusi you are responsible for the prq)ardtion of the xcounts ID %cordaThce with the requirements of thc Charitie5 Aci 2011 Ilhe ACV). I report in Tespe£t of my exarninion of the Tr5 accounts rried out under Section 145 of the Ad ond in ¢arying out my examination I have follod all applioble Directions 8iveD by the ChaTit)' Comrnis5ion under Section 14515)(bl of the Act. Ind¢pemd¢n¢ exam1r.> s¢t¢met I have completed my examination. I confinn that no material matters have come my attention in ¢onn¢¢tth)n with the examination givin¥ me Cause io believe that in any mateFi81 re5PeCt. ¢¢ounting records were noi kept in ffsped of the Tn as miuired by Sethion IJO ofthe ACL or the ac¢ounts do not ac¢ord with dKTrse recoTds" or the a¢¢ounts do not ¢omply wilh the appli¢able requir¢ments ¢ofh¢erning the fonn a]¥J content tsf accounts s¢t out in the Charities {Accounts and Reports) Regulations 2008 other tkn any requiremeni that the a¢¢01$ give a tru¢ and fair viewthictL is not a matter ¢onsidcred as part of èn indcpcTwJcnt examination. I have t)0 concerns and have me ttcross no other nJatte¥s In coDnection wilh the exami[l10n to which attention should drawn in this r¢FXTrrt in ord¢T to enable a PTop¢r understanding of the xcounts to b¢ reacbed. Sieph J Coke C B Heslo c.ompany Lirniied Chartered Aecountants l High Streei Thatcharn Berks RG19 3JG Date.. OL. io. Page 4
srATEMEKf OF FINANCIAL AC]IVITI for tbe 'ear eDded 31 DE EMBER 2024 31.12.24 Total nds 31.12.23 Totsl funds Unrestricted Desi8natcd End0ent funds FuThl ffimds INCOME AND ENDOWMENTS FROM Cbaritable Aetiyiti Charitable A¢tiviti¢s 83.636 83.636 71,782 Investm¢nt in¢ome 30 933 1,057 Total 83,666 933 84,599 72,839 EXPE]YDITiTRE ON CbaritAble activiti Charitable A¢ttYitie5 70.561 43220 113,781 127,046 Net gai115 on investments 25 915 1.616 NET INCOMEI(EXPEND]TURE) TrMsf¢rs betw¢en fwids 13.130 {926) (43220) 128.2671 (52.591} 16 Net moveme1 in funds 12204 1.823 (42294) 1282671 (52.5911 RECONCILIATION OF FUNDS Total fithds brougbi fonvard i4.742 2.106,398 2.177,226 2,229,817 TOTAL FUNDS CARRIED FORWARD 48,290 36,565 2,064,104 2,148.959 2,177,226 The nos fomi part of these fiDaDcial statenKnts Page 5
E ALMSH 31 DECEMB 024 31.12.24 31.1123 FIXED ASSETS Twyible Inw¢51mEIK5 1074,560 25.6 1117.780 23,842 li250 2.141022 LkbtOTS 24.956 37J61 18J70 31,767 62J17 50J37 CREDITOKS Arno hlljn8thRwithintBY 12 (4.417) {42771 NErCuRRENTE75 SLIIIO 4660 TOTAL LE&$ CURRENr LIABILIIILS 1151350 1187ffj82 CREDITORS 13 (9.391) 110.456} 2.141.959 11Tr226 16 84.855 IW.104 Xl.821 I1)98 Endowmem fijnds IDTAL FIINDS Il4(959 2.177.6 The fir P G EBs(wick-Fi¢ld- Tn•*¢
KINGSCLERE ALMSHOUSLS CHARTTY ATEMENTS r tded 31 DECEMBER 202 for the AccoupmNG POIJCILS B#ais of preparing the fmantial ststerneDts The financial statements of ihc charity. which 15 a public benefit emity UTwJer FRS 101 htve been prepared in ¢ordan¢e with the C.hariti¢s SORP (FRS 102) 'Ae¢ounting and Rep)rtin8 by Charities.. Statement of Recommended Prdctice applicable to charitics prqjaring their accounts in accordance with the Financial RertIng Sthndard appli¢able in the UK and Republi¢ of Ireland (FRS 102) leff¢¢tiv¢ l January 2019).. FinaJaI R¢portin8 Standard 102 Tr Financial ReEing Standard applicable in thc UK and Republtc of Ireland. and Charities Acl 2011. The finan¢ial sthtemenis hav¢ been prepared uDd¢r th¢ histori¢al ¢ost conv¢ntioD, with the ¢xc¢ption of investnnts which are include41 at rnarket va]ue. as modified by the revaluation of certain Ls5cts. All inwme is re¢ognised in the Stsiement of Ftnancial Activities onc¢ th¢ charity has ¢niitl¢m¢nt to the fund8 it 15 pTobgbk thgt the income will be received aDd the 8llK)unt Can be mewred reliably. Expenditure Liabilitie5 are rttogtiised as expendiNre as swn as they¢ is a kg21 or co1[tive obligation cornmithng the charity to that expendIre, it j5 probable that a transfer of ecorrt)mic benef5ts Hryll be required in settlement and the amount of the oblÉgation ¢att be MeaSred reliably. Expendittw¢ is a¢¢ounted for on an a¢cNals basis and has be¢n ¢lassifi¢d under h¢adings that aggregate all cost related to the category. Where cost5 cannot be dirceÉly attributed to particulaT hdingS have been allo¢aied to aaiviries on a basis ¢4)nsisient with the use of resour¢es. Cb#rit*ble #etivlti Cost5 of charitsble acttvitics inchNk the c05ts inLJJrrd fTDm Tunning tk Altnshou5es. Gov¢rThant¢ tos¢$ Governance cost$ Comprise all costs involving the PLbli¢ aontablItty of the charity and its ¢ornpli8nc¢ with regulation ST gwd pra¢tic¢. Tlw costs include costs related to 5tstuttxy audit atsd legal fees. T#ngibk fixed assets Deprtciation is provided at the following aN)ual r4t¢s in order TIl¢ off each asset over its estÉmated useful lif¢. Freehold property Aon cost Ttion The charity is exempi on its ¢haritsble 1vitIes. Fund strurtllre Theie are two penllt tndowmurt funds. The KevertThl Tknmas Brov4Tr and Gcorgc Durbidgc Bequests pnwide accornmlatIon for pth)r pers$ resident in the parishes of Kings¢lere and the an¢ient parish of Baughurst. The rental incOw is wlM>lly unresrricted and Shall applied for the benefit of the almsptople of the Almshouse Tharities &$ the Tnjstees see fiL The dmrity does have any ffstri¢ted fimds. Unrestricted in¢om¢ lld$ wDpris¢ those funds which the thLStees are free to we for any purpose in furtherance of the charitable obj¢ct5. UnTCStrirted fi5 incIJe designated funds which ¥t been mairttsined in Cordance with the goveming th)¢um¢nl. Furth¢r detsits of the fimd are dis¢l¢)sed in note 12. Page 7 continued...
KtNGSCLERE LMSHOU NOTES T for tbe 'ear ended 31 DE INVLSTMENT INCOME 31.12.24 31.12.23 Dividend Incom¢ 963 1.057 CHARABl AcrivrriES cosrs 2024 2023 Salari¢s Property running costs Maintenance Careline expen Other costs Loan interest Depreciation Batth irttcre5t 16.472 15,P)2 40.714 1.440 738 1.618 43220 67 53,1%58 1.4 1.739 43320 65 106Ji• 116J311 TRUSTEES, REMUNERATION AND BETrIEFITS There were JJO trustees. r¢mur¢ro¢ion or other benefit5 the year eIe 31 Decemb¢r 2024 nor for the year eThled 31 December 2023. Trllstees, expen Th¢r¢ were no tttte5, expeTr paid foT the year eThJed 31 December 2024 nor for th¢ year ended 31 December 2023. STAFF COSTS 2024 2023 Staff coJts Clerk to the tsiths Warden Employers N*ional Insunrte Amounts rEclJargd to The Welfate Charilies 10207 9J27 8,316 8.319 {3.062) (832) 16A72 15003 Th¢ average monthty number of employtts during the year w&s as follow: 31.12.24 31.12.23 Ckrk Warden No employtts rec¢td emluments in excess of£60.000. Page 8 continued...
KING LERE ALM HOUSES CHARI NOTES TO THE FINANCIAL STATEMENTS- tODtinu for the tar ended 31 DECEMBER 2024 COMPARATIVES FOR THE ATEmENT OF FINANCIAL ACTIVITIES Unrestri¢ted Dcsignatcd Endowment funds Fund funds Total nds INCOME AND ENDOWME]W6 FROM Charit9ble activities Charithble Adivities 71.782 71.782 Inves£rncnt iKOTne 29 1.028 1,057 Totxl 71,811 1.028 72,839 EXPENDrruRE ON Chxritablt •rtivities Cbaritable Activities 83,126 43,220 127,046 Net gains on inv¢stsnents 93 1.523 1.616 NET INCOMEI(EXPENDITUR TrAnsfers behvttn funds {11,922) 2,551 {6.745) (43,220) 805 152.591) Net Jnovememt in fuDds (5,982) (4.1941 142,415) 152,591) RECONCILIATIOIY OF FUNDS Totsl ffijrtds brought fotward 42.068 38.936 1148.813 2,229,817 TOTAL FUNDS CARRIED FORWARD 36.086 34,742 1106.398 1177,226 GOVERNANCE COSTS 2024 4.669 2.867 1.976 2023 8,890 200 1,626 Accounlancy and lega] fees Offi¢¢ and #dministraiion expenses 9J12 10.716 HOUSING ADMINISTIL4TION COSTS Operaii Surp (deficit) 83,636 (18,650) (1,618) (9,5 12) {40.714) S¢rvi¢¢ int•m¢ Housing Accom[TtiOn- 12 units Sejwices Mortgage loan interest Management and administration Day day repairs and mainieTiaiKe Provision for cyclical maiDtenatKe 83.636 118,650) 1.618) (9.512) {40.714) 83,636 70894 13,142 Page 9 continued...
NOTES TO IIIE FtNANCIAL sfATEMENtS- for the 'er ended IDE EMBER 2024 TANGIBLE FIXED ET8 Freetld propcrty C(IST OR VALUATIO At l January 2024 and 31 D¢1ber2024 2,161.000 DEPIIECIATION At l January 2024 Charge for ycaF 43.220 43,220 At 31 December 2024 86,440 NET BOOK VALUE At 31 De¢emb¢r 2024 2,074.560 At 31 Decemb 2023 2,117,710 Cost OT valuation at 31 December 2024 is repreS¢Irt by: FreeId property Valuation in 2005 Valuation in 2022 Cost 1,844.992 185.259 130,749 2,161,000 The cost of frcehold property is Txt of housin8 8raiits received of£149,006 sh)wing as follows: Holdrops HilLHeadly Gffbrg¢ Stre11)g$¢Ier¢ Totsl Orig1t Co Housing Grants 180,537 (149.1)6) 99218 279,755 (149.0061 31.531 99.218 130.749 The properties were r¢Yaltrd &$ at 315t DecemFKr 2022 by Strtt & Parker who valued the properties on an existing use basis. If the properties had noi been revalued the hiswrical Ertx>kvdlue MY)uld be £77,059 (2023.. £79.6741 net of housing gran Pa8e 10 Continued...
NOTES TO THE FINANCIAL STATENIENtS- contin for tbe ear ended 31 DECEMBER 21124 io. FJXED A&gET I$rmEKrS Listed inv¢stments MARKET VALUE At l January 2024 Additions RewaluatioT 23.842 933 915 At 31 De£beT 2024 25,690 NET BOOK VALUE At 31 December 2024 25,690 Ai 31 December 2023 23,842 There wert no investment &$5cts outside the UK. Listed investments are revalued to markct vakne cxh year. li. DEBTORS: AMOiINTS FALUNG DUE WITHIN ONE YEAR 31.1224 31.12.23 Other debtors Prep2ymertrs and a¢¢nd iwome 23,981 975 17.569 1,001 24,956 18.570 12. CREDITORS: AMOUNtS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Other ¢reditors 4,417 4.277 13. CREDITORS: AMouNfs FALLING DUE AFIER hlORE THAN ONE YEAR 31.1224 31.1223 Other Crlt0 9.391 10.456 14. LOAIYS An analysis ofthe rnaturity of kn is given below: 31.1224 31.12.23 Amounts falling duc within onc ycaT on dcmwKI: Other loans 1.06S 926 Amounts falling beten on¢ and twx) years.. Other loans- 1-2 y¢ars 1225 1,065 Amounts falling due benveen twrj and fjve years: Other loans- 2-5 years 8,166 9,391 Pa8ell ¢onlinued...
KINGSCLERE ALMSHOUSES CHARrrY NOTFS TO THE FINANCIAL STATEI¥IEIYIS- eontinved for ihe er emdtd 31 DECEMBER 2024 Is. ANALYSIS OF NET Assrrs BETWEEN FUNDS 31.12.24 Total 31.12.23 Total fvnds Unrestricted Designated Enthwnent Fixed assets Investments Current &wts Current liabilitie$ Long t¢rn) li3biliti¢s 2.074.560 2.074J60 25,690 62J17 (4,417) (9.391) 2.117.780 23,842 50.337 {4,2771 (10.456) 1,125 50.517 (3 J52) 24,565 12.000 (1.0651 (9.3911 4829) 36,565 2,1)64,104 2.148,959 2.177,226 16. MOVEMENT IN FUNDS Net movcment in fimds TTansf¢TS Ai 31.1224 At 1.124 fijnds Unrestrleted f¥ds General fund Designated Fund 36.086 34,742 13,130 1.823 (926) 48,290 36,565 70,828 14.953 1926) 84,855 Ettdowrnent Endowment Fund Endowment Revaluation Reser 541.638 1,564,760 (43.220) 32.860 (31,934) 531.278 1.532.826 2,106J98 (43,220) 926 2.064,104 TOTAL FUNDS 2.177226 (28267) 2,148,959 Net movement in fund& included in the above are &5 follow&" Movement ID fimds eX1¢d losses UTrreJtrict¢d funds General fund Designated Fut)d 83,666 933 170.561) 25 13,130 1,823 84.S99 170J61) 915 14.953 EDdowment fvDds Endowment 143220) (43,220) TOTAL FUNDS 84.599 (IlJ.781) 915 {28.2671 Page 12 continued...
KINGSCLERE ALMSHOUS CHARITY NOTES TO THE FINANCIAL STATEMEN15- eontinued for the ear eDded 31 DECEMBER 2024 MOVEMENT IN FUNDS- eontmp¢d CompaTtiYu for movemewjt in funds Net ny)vement in fund5 TTatLsfeTS At 31.12.23 At 1.1.23 Unrtstrietsd General fund Desigtsed Fund 42.068 38,936 (11.922) 2,551 5,940 (6,745) 36.086 34,742 81,004 (9,371) {805) 70,828 End¢Jv4ment funds EndowTnent Fund Endowment Revaluation Rescrve 552,119 1.596.694 (43220) 32,739 {31.934) 541,638 1,564,760 2.148.813 (43.220} 805 2,106,398 2.229.817 (52,591) 2,177226 eotwive net mov¢nJerf in fiwLd4 inc]l¢d in the above arc as follow5". Incoming resources Resourre5 expeJKled Gains a1 losses Movemellt in thds UnTe5trided General fund DeSited FuTrJ 71.811 1,028 (83.826) 93 1523 (11.922) 2.551 72.139 (83,826) 1,616 (9.371) Endowment fvnd5 Endowm¢nt Fund (4)2201 (432201 T(YfAL FUNDS 72.839 (127.046) 1,616 (52,5911 A ¢wrent year 12 mot)ths and prior year 12 ftwiths Combined positiort is as folloThs'. Net movement in fimds TrntsfeTS betwren fLthds At 31.12.24 At 1.123 Unrestricted flln¢Lq General fund Desiwted Fund 42.068 38.936 1,208 4J74 5.014 (6,745) 48,290 36,565 81.004 5.582 (1,751) 34,855 EndoThThtnt fwnds Endowmtnt Fund Endownent Revaluio# Reserve 552,119 1.596.694 (86,440) 65599 163,868) 531278 1,532,826 2.148.813 (86.440) 1.731 2,064.104 TOTAL FUNDS 2229.817 (80.858} 2.148.959 Pa8e 13 continued...
KINGSCLERE ALMSHOUSES CHARITY NOTES TO THE FINANCIAL STATEME - tontin rorihe tar eDded 31 DECEMBER 2024 16. MOVEME IN FUNDS- tontinued A cuttenl year 12 Tnonth5 and PTior 12 Dm)nt combined n¢t roovement in fimds, included in the above e as follows- IrKomin8 Resoutce5 Gains at Mov¢m¢nl in fimds Unrestricted funds General fund Desi8nat¢d Fund 155,477 1.961 {154J87) 1,208 4J74 2,413 157,438 (154.387) 2531 5,582 Endowment fum Ertdowrnent Futhd (86.440) {86,440J TOTAL FUNDS 157.438 {240.827} 2.531 (80.858) Tr•nsf¢rs b¢tY¢¢n fuAds Endowment FuDds These represent the.41rThshouse propenies which are permanent endowment. The prrjpethts art thown * maTkct value less Housing Asso¢iotion Grants. Ikpre¢iion at 2./0 per amum on cost is slK)WtL an en5¢ of the fjjnd. The transfer5 represent the release of the revaluation reserve to rela1d e8mtngs over the usefvl life of the asset. £ndowmen¢ RelUatIOn Reser¥t The Revaluation Reserve represents the increase in va]u¢ of the prop¢nies were reVed as ai 31si D¢¢¢mber 2022 (Noie 91. The amortisation of th¢ fEvaluation rcprt5en15 the rclea5e of thc reserve to retaiTted earning5 ovcrthc fll1 life of the assets, as govern¢d by IFRS 13. D¢sigDat¢d Funds The Cyrlical Maintenan¢e Fund (CMF) was Sel up in accordance with the governing document io fund firtu maiDt¢Danee of th¢ properti¢s. In¢om¢ relaies io the a¢¢wnulat¢d dividend income arising on the Iv¢S1cts and interest from the CMF bank &¢ount whilst expendtture relatrs to the w>keep of the properlies. An annual transfer is made from unrestricted funds. Revaluation are the nM)venKnl in nwk¢t va]u¢ b¢tw¢¢n th¢ balance sheet dat¢s, les$ the ¥cumulated iA¢ome. Unrestrleted funds Thest are the fjjthds that have been designated and ar¢ foT gener21 a¢ttYities ofthe Charity. 17. RELATED PARTY DISCinSURES None of the trustee5 or any perso connected Thith them have rettived Yemuneration from the charity. Non¢ of the trusttts received reimbur5Crnr for CAVeT5 made on behalf of the djartty. Page 14 continued...
KINGSCLERE ALMSHOIISES HARITY THE FINANCIAL STATEMENTS- contiTrue41 eAr en IDE PROPERTY REVENUE AccouNf41EADLEY 2•24 Ineome Gross rents r¢ttivable Ikss- voids 69.110.60 63.203.97 69.110.60 63.203.97 Management Accountsncy and Se¢rtsial Property insurance Office and adminisirntion exptn5es 3501.45 1.646.79 6.667.85 .355.34 1.911.40 133.30 7.059.64 .156.49 Serviees Salaries Water rates Light and heat Grounds maintenance Telephone Subscriptions Careline expenses Sundries 14,940.45 14,128.78 4.071.45 705.66 5,306.78 538.M 1.440.00 32.50 1,400.00 507.50 21.190.06 21,881.50 Repairs Day to day maintej Provision for wli¢al mainte0¢ 32.978.71 42.984.90 61228.41 73,022.89 Fin#n¢ing b)an interest 1,618.00 1,73S.96 Totsl expe 62W.41 74,761JS TrAdiDg Surp]1(der1c1f) for the yt#r Transfer to ¢ndowDKot fid-]oan payment 6364.19 (IlJ57.88} 926.00 805.04 Surylusl(defieh) for the yegr SJ38.A9 (12J6LYZ} Pa8e is ntinu¢d...
KINCSCLERE ALMSHOUSES CHARITY NOTES TO THE FIliANCIAL STATEME forth ear ended 31 DECEMBER 2•24 19. PROPERTY REVENUE ACCOu-KINGsCLERE 2124 2423 Gross rents Te1vable Lcss.. voids 14,525.81 &577.61 14.525.81 ,577.61 Expensei Management A¢¢ounthn¢y aDd Sc¢retariai Property insurance Office and adrnini5tration expenses 1167.15 329.36 U22.62 271.07 955.70 66.65 2.452.21 1560.34 Servites Salaries Water rdtes & COU11 thx Light and hrai Subscriptions Swidries 1.531.05 1.663.10 1.531.05 1.666.10 RepAirs Day 10 day m4itrtenan¢e Provision for cyclical 3.664.30 4,776.10 3.664.30 4.770.10 Totsl ex¢# 7.647.56 8.999.54 Surplusl(defxit) fow the year A87&25 (421.93) Page 16
KINGSCLERE ALMSHOUSES CHARfTY DETAILED STATEMENT OF FINANCIAL AcnvrriEs forthe ear ended 31 DECEMBER 2024 31.12.24 31.1223 INCOME AND ENDOWMENTS Inveslmen¢ inCOTfje Dividend Incorne 963 1.057 Charitable activities Gross Rents Reeeivable 83,636 71,782 Total ineoming reSou¢S $4,599 72.839 EXPENDllitRE Charitsble getiviti Wages SundTies Maintenan¢¢ Careline Expens¢s Loan Interesi Freeknld property Bank interest 16.472 738 40.714 15,792 1,046 53,068 1.41Y) 1.739 43.220 65 1.618 43220 67 104.269 116,330 Sllprt tost$ Governance costs Insurance Accountsncy and legal fees Offi¢e and Admin costs 1976 4,669 2.867 1.626 8,890 200 9512 10.716 Totsl resources expended 113.781 127.046 Net expethditure before 8Aitt* #ttd l•sw (29.182) 154.207) Realised recognised gaims gnd losses Realised InsI(10SSes) on fiKed asset inve5tnxrt5 915 1.616 Nrt exp¢nditur¢ (28267) (52.591) This page doe5 not foErn Part ofthe $1atutory fin181 5tateTnents Pa8e 17