THE ELVETHAM CHARITIES FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 REGISTERED CHARITY NUMBER 236543 FROST & WILLAN CHARTTIRED ACCOUPITANTS
THE ELVETHAM CHARITIES INDEX Year Ended 31 March 2025 Page Annual Rèport llldependenl examlneffs report Receipts payfflents accounts.. Incom& account Icallhorpe Hous8sI Cycllcal M8int&nance Fund EIaordinary Ropair Fund Statement of assets and liabilities Notes lo th8 financi81 statements
THE ELVETHAM CHARITIES ANNUAL REPORT Year Endod 31 March 2025 Reference anos administratlon infortnation Regl$lereEI ¢harlly number 236543 Trusteas Slr Euan A-G-Calthorpg. Bl. T Soulh8m Esq R B Peregrine Esq Mis C B3yIis Rev'd A Smllh Lady J Day relired 1010912024 awolnted 1010912024 Principal off The Elv&tham E8tate Office Hartley Winlney HaFnpshire RG27 8A Secretary Mrs A Parr The Elvetham Estat6 Office HarU&y Wlnlney Hampshirè RG27 8AW retlred 1511012024 8Bnkers Lloyd5 PIC 174 Fle8t Road Fle81 Hamp8hir& GU13 8DD INlepeNJenl examlner D C Mellor ACA CTA Dixon Wilson 22 Chancery Lane WC2A 1LS Inv8Stment advlsors Black Rock Invaslment Man2gement IUKI Limlted 12 Throgmorton Av8nu8 Dr8per5 Gardens London EC2N 2DL Accwntants Frosl & Willan Accounting Llmlled The Old Post Offic8 Hlgh Street Hartley Winlney Hampshlre RG27 8NZ
THE ELVETHAM CHARITIES ANNUAL REPORT Ygar Ended 31 March 2025 u¢lure Govem&ncs and Man ement Th&Truslwas Create byd99d on 21 Maich 1962whlch was atngnd8d bya da8d d>iÈd 8 SÈpltynbèr 1972. Thè attowlÈ are prepa on 8 rec8lplB and p&ytnenls basis and Ill IhB oharftios Ar12011. TheTrustea9whD 6eN8d dudng th8a[are as shown on Pa 2. ThgTTuslfg Body¢[l$S$llv6 EDtnP8tonlp8t%Pn5 Includlng one Ex-offirio Tiwte&who18 IhB RgGtorof HartWinlnpy%th Elvelharn.. Nomlnalivg Trusleg nomlnated by Ihe PÈrlsh CouTrcfl lappDlnled for ateiTn 014 Yaaisl., ihrèè Gtrwl£d fnJ&iebs who 1hroh iÈ$ideficè, o¢¢upaknon. 6mplDymBnl or olheNlse h8ve sp8clal olthe Parh of HartleyWinln&ywlh Efvethatn. ThgTru&ee6 covective propDw ayree sultgbla nominallon6 for Ihe Co-opted Nomlnative TIu51es6. Bsa d AcllvllE8 Thp DbFd of ll)e Trus118 lo provkl8 8ltnshi)us8sforthose in need in Ihe parf%h. The Tru3lEBS. hawng reuard Io lh6 publlc bene1UlanCe publish&d bythe Chatiiycommlsslon in acwrdanc&wilh sgclign 17 of Ihe Chariteskn12011, COnder1h$I the PUEpweAnd gGl1vilS of th8 TfU61 Ball8fy the r£quli8m&nlE ol the publiGbenelil leEt 591 out In sedk)Tr 4 of I1 ambAd. AchlÈvemttnts nd mance DuAnu thÈ yeBrlhe Tru5tsuppllpd accotntnodallon for 10 pBoplB12024- 10 p909) taklng 8 weeklyconliibullon towards tAsgt of malnlalnlng Ihe homes 8S5enlial seFvirE5 Ihereln. so ihallhe amount of lh9 Y169klysurn shall not cause hardship to him orhèr_ Th8TIu51 tee8 full matkelrenlforlh8 house pr¢WK>6lY used tythe foFtner Stthemè Man8ger. In¢om• A¢¢ount The Burp1 piioi lo appropriallonB. in re5peclof calh(pe Fkntssos, tog81horvllh bh¥MÈnIl¢OmP ahd dBwl1 Iniere91 Is deallwilh lTrlhiB aGcouTrl. ClICl MaltenanO Fund Form8nyyearG th9 IIu81eB8 have. bywsyol apprOprIlin. sèi g$ld$ ¢a$hlO th1$ fund for'oTdln$ry paIrs, lo swead t Impael Df periodie red[all0Th 0, 10 avoid flutsiuatl¢n$ in the In¢om8 A¢¢ouTri, In ygsr8nd¢d 31 Marth 2025, the aMountlranslKr£d Was £12.29012024- £12,290). AfudhprpaYunI o1£824 was bylh6 InttomeAwounl in respect ol 18pak8 on b9hall ol Ihg fwd12024-£3.9B81. ExtrnordlnRry RepalF Fund Th1$ L8 rn8lnta1ned lorlhe"extraordinary rsp8ir, Impiovem$nior roblIalgl8 aome8 of iormèr maDaoors nous$" Nol less Ihan È1,8YD peryar Is requlred lo be Iran$ferYed to Ihls Fund ovltsf inwme Idsu¥¢ 26of thfrsthèmeol 1972. ag $ubgequenllyErnendedl byvKy0lapproprIllln. In Ih8yfjarended 31 Llafch 2025. thtsamtsumltiarrerrÈd w5s £7.1 12024-£7,1551. AfurMerpahthpTrl DI £6.140wa$ made by thfr Inc( Acwwni In Of on bèhalf olthe fund12024- £Nill Hlstorfcally, a greaterpropotion of IhtrTru$f$ Intoma has bè8n Ir8nSfrÈd lo C11¢31 Malnl&n2ni% Fund on an annue1 baSdespIte IhD ExbaordinaryRep8ir Fund ¢onglslenltryin¢urrlng ihe greaier ¢¢sts. Perl¢311y, thè Cycll¢al MBlnlgnance FU makeg appmwbUon$ lo &éOress this. £pproprLqllon was mgde durfng the yew12024- £NII
THE ELVETHAM CHARITIES ANNUAL REPORT Year Ended 31 March 2025 The Capital Repla¢emenl Fund whlch was mBlntain8d 10 re¢oup the eapllal Inlllallyexpended on the homea ¥nd formerstheme m£nag8fs housgw4s I(rpor81ed In IhlB lund during May2002. £104 peryeBrvAsfequlmd io b& trAnsferred lo th15 Extraordlnary Rspalr Fund out of Incotne for54 Sattro 1972 Iclaus&23 of the Sch&mg of19721. A$ a Consequenr of Ihg Tiuslee¥' approprfallons on 3 Oclober 1993. 4nd 13 May 1994, ihe ChartyCotllmiS6V)n 1gvDkd ihB dlrÈcUons forrecoupTnBnlln IhB 1972 Schemèof £104 perannuTn lo Ihls Fund. And dlrecied that the Fund should bp admlnlslèred as partof the p&rmanBnl ondowment(rruBI Fund). lop&lhgrwtth IhèfowrGenerBI Pwpos8 Fund The Twslwas ueaied in 1962 lfv Ihe Inlgnllon lo proVe reduced coslao))mModaon ID Ibe poorand dderty. TheTtus1 alms lo malnlaln the Mmshouses in a fiiand habi18bl& st818. 11 is Ihg TruslÈe8' pollcy iocoverlhe charivs annu81 owhe8d5 and cydical oxpgndilurtsln addllltsn to malnlalnl resetves lo ltsngerlerm Tepali projeds and Pra0rdIn3ryeXpenl1re as and Its mèlnialn the propgrtles In a h$blt8ble condibon. The resePS arfjsègregated In the Cyclical Malnlpn?n¢e Fund and the EraordiaryRepalrs Fund. A131 MarGh 2D25. Ihe Trual had cash r8s8rves of £77.72212024- £33.9031 In tha Cycll(xl MAlnlenanEe Fund and cash reseNesof £39.84212024- £17.4361 In lh& ExtraordinaryR&paits Fund. A131 March 202$. the Trust aLs0 had cash resetygs of £47.30512024- £62,613) hekJ in lh9 ¢urr@nl Attounl nd £100,QOO12024-£1,lKjo> he In Lbpo¥ilA¢¢ount The TTvsldeeds spetify Ihal sum80f (xsh not nBeded fty lrnmedlaie worklro purpD685 rnaybB investsd In any Inve91menl as9ets a61h9 trust995 5È6 1. Forand on behalf of Iho Twsiees Dal SIR EUAN A-G-CALTHORPE. Bt
THE ELVETHAM CHARITIES INDEPENDENT EXAMINER'S REPORT Year Ended 31 March 2025 INDEPENDENT EXAMINER'S REPORY YO THE TRUSTEES OF THE ELVETHAM CHARITIES I'THE TRUST'I I ieport lo lh6 Trustees on rny exarnlnalion of the accounts of Truslfor the yeHrended 31 March 2025 which are set out on pages 6 to 11. Rèsponslbllltl&& and bdsls of report As chgrity Iee5 of th8 Trust you are t&sponslbl8 fDr the pparaln ofthe accoun18 in accordanc8 th Ih8 r8qulr8m8nLs ofihe Charill8s Act 2011 1'lh8 Act'l. You are Salisfied that 8n 8udll Is not rwulred for Ihi5 year under charlty law and Ihal an independent ex8fflinBtion needed. I report in respgct of my ex8m5natlon of the Trusvs accounts carrled out under se) 14Sof the 2011 Act ar In carrying out rny examinallon I have follow8d all th& appllcable Direction5 given by the Charlty Comrnls8lon und8r s8clSon 14515llbl ol lh& AGt, An Indepèndent oxamlnalion doe8 not involve galheriro all the evkl8nce that would rÈqutred in an authl and CQn5equEDllydoe5 not cover all the rnallers that an aL¥lltor consldor8 in glvlng Ihelr opinion on the accounts. Th planning and conduct of an audit g083 b¥yui)d th8 limrted d55ulat that an indepen(lenl examination can provldè. Can86quenlly. l exprass no opinion aÈ lo whothor tho accounts presenl a'lrue gnLI fair vl8w and my repDrt 15 CoTrsequenlly, l 8xpr8ss no oplnlon as lo wh8lhtrr the accounts pSent a'lru8 and lalf, view and my rewrt Is IndepsTHlen¢ exarnlnBT'S StHtement l am qualified lo undertak6 the 8xamlnalltsn by bèlng a qualified rnember of the In8tltul8 of Ch8rtered Acthunlanls In Eny18nd and Wal&. I have compblÈd my exanEiTr911on. I connrm that no malw181 malt8rs have Gotne lo tny gllention in connectlon with the ex8minaiion glvlng m8 fAUS8 lo lIev6 that In any mBtErlal rsspÈcl.. 1. accountlng fecords were not kept In respect of the Trust ès requlr8d by $8cllon 130 of the Act,. or 2. thp aGGounls do not acwrd with those reciKds. I have na concerns and have come across no matiers In conn8¢llon wllh the exarnlnalbn lo whkh attentn should b6 drawn In this r8POrt in ordèr to enable a propBr understanding of Ihe 8{UnIS lo be r&ath6d. D C MELLOR ACA CTA Dixon Wilsan. 22 Chanry Lane, London w¢ 1LS Dal£'. 4 JunÈ 2025
THE ELVETHAM CHARITIES RECEIPTS AND PAYMENTS ACCOUNT 114COME ACCOUNT (calthorp Houses) IUnr8Strided Fund) Year Ended 31 MaY¢h 2025 Nota 2025 2024 55.728 17.708 2ll64 53,113 16,708 Rgnigl kno)me-21 El¥e11Kim Inlar8stoTrdBFQSllarwun15 Loon ERF Loan Itom CMF 15,(N)O S.956 Totsl fg¢etpt&lor IYar 79,756 119,1 DlrectGhBr1tsW&payinAntB W21¢E 1,027 620 6,085 829 481 1.049 4.275 3,9 RPpaIJnd 4,261 1,992 DonBOon la chaity SvndrywAPSn 718 NoThdlrBct rhafitsblv p•ymontB bookkeBm ond lees 4,273 3.271 Lxhpr poymAntB 7.155 2.0 19.445 7,155 12.290 19.445 -CydAI Wlnt8ThznceFund RgpAWneThlOFv-ERF 5YrThi4fknon.¢MF 15.000 50,000 Pa)gtEntofTwii¥¥n beh&WVlEi10roryRepIrFl PayrwQolTep#kson beha¥olciCI MalTht8n8nceFund 5.140 S24 5,7 3,956 3.956 Total ,064 42.651 NetlpwMnlsllr4cglpts forth¢91 -31 %ts1th2024 115,3081 162.613 77.17D C?Éh anobank balkn¢O41 -31 Marcb2D25 147,305
THE ELVETHAM CHARITIES RECEIPTS AND PAYMENTS ACCOUNT CYCLICAL MAINTENANCE FUND ILlnrestrS¢led Fund) Year Ended 31 March 2025 2025 2024 Incomtr rcBlpts InvfjstrnBnl Income.. Bank Inierg51 Repaym@Trlrfk>gn Irom Irwne account 539 3S,WO 3S,485 539 Olh4rrgrelpl$ ApproprlalionÈ fiom Income accwnt 12.29U Tot81 recelpls fortho 47.775 12.829 other ?xpendltur& Loan to lllcome a¢caunl R9panIaf repairs ld Irom Income 8ccount 35,000 3.6 T41 payrTrenls 3.958 35.OOD 43,619 Bgnk balance at -31 kl&rth2D24 33.W3 5S,074 -3fj MzTck2025 77,722 33,903
THE ELVETH CHARITIE5 RECEIPTS AND PAYMENTS Accoumr EXTRAORDINARY REPAIRS FUND (Endowmenl Fund) Year Ended 31 March 2025 2025 2024 ro¢elpt8 InYe5kntrnl In¢oma'. 88nk inièi¢Èl Repaytn¢nlofioan firAn Income a¢¢ounl 251 Is,0 15,251 2S1 251 Other rg¢èlpts Appropriallon8 trom Incotne acGwnl 7.155 Totsl reGpts forthfryoii 22,406 Olhar ExpÈrndllure Loanlts IoM account 15,000 Totgl payments Is,0 NOtC•TPtYefjIf0rih¢Y¢r 22,4Q6 17,5g41 $nk baldnc¢at .3fj th2O24 17.436 25,1Y3D -31 Mw¢h2025 39.842 17,43
THE ELVETHAN CHARITILS STATEMENT or ASSETS AND LIABILITIES At 31 March 2025 2025 2024 Monelary as%ets= Bank bAlai)tÈÈ'. lTh>Jmè ae.CDuiiI On Deposll Cyclical Malnl8nan Fund ExtraDrdinary R¥p8lr Fd Ienduwmenl Fumll 41,JU5 100.0(MTr 77,722 62,613 10D,QOO 33.903 17.43Q .10181 ¢dsh 264.869 213.952 Non•monotary a890ts: Endowmeiil Fund Freelidd Iqnd and buildffiu%.- Tl)p Alrrkn"hous8$- ¢osI 36.028 36,02 OlhEf&ssel$ Inveslmen15 268,U43 Incoine Eettount 1,981 1,931 1,901 prove I 9 8¢¢011nt%. UAN tyG.CALTHORIJE, ESI. I. SOUTHERN &SQ TFusIF9 RÈVDA SlvllTH Triislcc R B PEREGRINE ESQ Tr1181ee LADYJ OAY Trusle8 Dal TS-
THE ELVETHAM CHARITIES STATEMENT OF ASSETS AND LIA81LITIES At 31 March 2025 Nota 2025 2024 Monotlry a889ts'. 8ank balancey-. Income BCCDunt On DepoÈll Cycllr*l MalnteThanco Fund ExlraoidlnaryRep81i Fund IEndDwmenl Fund) 47.305 100,000 77.722 62,813 loo.000 83,903 17,436 213.952 Tolal wh Non-mon8tary agstrt8: Endow81 Fund Freelwld land ar buildin98.' The Amghouseg- 36.028 36,028 Olheras$ef8 252,856 InvÈslmenls 265,843 1,931 Inwme aecount 1,961 1.961 Wa approve th089 a¢counlÉ. slti EUAN &G-CALTHORPE. BI. Tru5180 UTHE NESQ EVD A SMITH Trustse R B PEREGRINE ESQ Trusleo LADY J DAY Trus188 D818 2s
THE ELVETHAM CHARITIES STATEMENT OF ASSETS AND LIABILITIES At 31 March 2025 2025 2024 Morngtaryg8Bets: Bank b8lanc88'. Ineome atcouNI On Dèposll Cydlcal Malnt6Danco Fund ExloordinaryRvp81r Fund IEndovm8nl Fund) 47.a05 100,OOQ 77.722 39,842 62.013 loo,000 33,903 Toi81 CBsh 284,869 215 b52 NoTrmonétarya8Bèt*: Endowm8nl Fund Fteehold laTrd 8nd builthng#.' The AImBhoo- ¢031 3e.028 othBr8ssot6 Inva3lmanl$ 288,843 252,858 Llabllltse8: Inrnme at¢ounl 1.061 Wo¥PWO¥è thèsg accounts. SIA ÉUAN A-G-CALT140RPE, BI. TTU5199 TSOUTHERN ESQ T18 REVDA SMITH R B PEREGRINE ESQ Ywsl&B LADY J OAY Tw51efj
THE ELVETHAM CHARITIES At 31 March 2025 rt¥ Income aGcoun( On D¢posIt 47,305 1011,1)UO" 62.615 ILK),Ots E%liaoidinary Repalf Fiind (Endowment FuTrdl 29,642 17.4d6 TTJte¢f%811 ?1.8,$:4?. NoK.mohÈtary Bssels: Frephplrf IRrJOorJd iwikJinDs,' Th6 AJwEhoust3- GDSI 36,0211 lJaPI!mo$.' InDame aGcounl 1,951 1,031 We approve Ih858 accouills. 'ItUBtg8 Trnst@B Tnisi8B YJL)AY Ll4Tie I l . n'>
THE ELVETHAM CHARITIES STATEMENT or ASSITS AND I_IABILITIES At 31 March 2025 14Dte 2024 Bank b1(0$.. Ir*omft ar.lnI On DepoEII Lycli¢al InisnaTlce FurKI Xtradin11ry Rep911 Fund IEndowmwil Fund) 47.305 DO,ODa 77,722 39.842 B2.613 100,000 33,903 17,4d6 Total Cash 264,869 213,152 N0ll-Tnonetary 85sels.' Eiidowinpnt Frefjhold land and buildings., Th8 Almshou$e3.. Cost 36.02 36,028 OthorassetS 2fj8.843 2b2,B56 Inconia aft£otsnl 1,961 1,U31 1,961 1.131 WB appTove Ihèw acGoiml&. SIR CUAN A-G-CALTHORPE, BI. Trvsle T SOUTHERN ESQ REVI) A SMI'TH TrthtDB R B PEREGRINF. kSQ Tru¥1eg Dale
THE ELVETh AM CHARITIES
NOTES TO THE FINANCIAL STATEMENTS
Year Ended 31 March 2025
counlancy¥Dd prtrfesslonal ftreg
2D25
2024
Ac(xuntarLcyf&&5 paYae tothg IndÈpend&nl examlnof¥flim 8$follows.'
EXAThinathr
833
781
8ookke8pln9 fees pay¥bÈ to IheaG
THE ELVETHAM CHARITIES NOTESTO THE FINANCLsTATE1lENTS YerEd8 31 202S v4kn4nts ApdlllZ4 Hl3$ m}12 IPtofiiion $1 Mr¢h 2025 Efy4oY4SrtaryhplrFund 29.544 ?B,644 2&È41 594 3916 59,594 1QE.n4 89.2J lJ5 437 LK¢WlvbNBDThdF 29,1 24fj8 3Q411 12,1691 J5Q 4?,407 35S Y(r11 MÈh*2LL2S 26B,843 1B2. 1BZ,T6 252.156