REGISTERED CHARITY NUMBER.. 236697 WILLIAM BERMAN'S TRUST FINANCIAL STATEMENT5 FOR THE YEAR ENDED 31 DECEMBER 2025
WILLIAM BERMAN'S TRUST CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Page Report of the Trustees Independent Examlner's Report Statement of F5nanclal Artlvltles Balance Sheet Notes to the Flnanrlal Statements 7 to 16 Detalled Statement of Flnanclal Activities 17 to 18
WILLIAM BERMAN'STRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED31 DECEMBER 2025 The Trustees present their report along with the financial statements of the charity for the year ended 31 December 2025. The trustees have adopted the prov151ons of the Statement of Recommended Praellce ISORPI Accounting and ReportSnB by Charltles In preparing the annual report and financSal statement5 of the charlty. The flnancial statements have been prepared in accordance with the accounting policies set out In note5 to the accounts pages 7 to 9 and comply wlth the charity's governing document, the Charltle5 Act 2011 and Accounting and Reportlng by Charities.. Statement of Recommended Practice applStable to charitles preparing their accounts In accordance with the Flnanclal Reportlng Standard applltèble In the UK and Republic of Ireland publlshed in October 2019. OBJECTIVES AND ACTIVITIES Oblectlves and alms The objects of the Charity are as follows.. 111 The provlslon of alFnshouse5 for 'poor women of good condutt, elther widows or unmarried who shall be of the age of 50 years at the least at the date of thelr appointment and who shall continue unmarried, 121 Any residual Income Is to be applied for the assistance of Ministers or trainee Minlster5 of Religlon., the support of orphanages and similar institution5,' the support of Instltutlons carlng for chronlcally slck persons- and the relief of persons In straitened clrcumstances. Signlflcant actlvltles The Charity currently provides seventeen alrnshou5e propertSes and Its alm Is to utili5e these as far as possible to meet the oblecilves of the Charlty. Publlc beneflt The activltle5 of the Charity aTe the provision and malntenance of seventeen almshouses for the beneficlal class referred to In the first object above and In doing thls the Trustees keep In mlnd the Charity Commissioners, guldance on public benefit. ACHIEVEMENTS AND PERFORMANCE Charltable a¢tlvltles During the year the Trustees contlnued to be concerned for the welfare of residents and malntenallce of the almshouses. The Trustees were pleased that 311 Tesidents were happy in their home5 and that the properties were being kept at a hlgh standard of maintenance. There were two propertles that had not been refurblshed In recent years but their elderly occupants precluded this type of work belhg undert3ken. There had been no changes In resldent 50 no major refurbishments were undertaken. The year wa5 one in whSch Trustees took stock and consldered future plans for the almshouses. Trustees continued to look for posslble development land on whlch to bulld more almshouses in the Hutton area. FINANCIAL REVIEW Flnanclal posltlo The Charlty's financial p051tlon Is as set out In the Balance Sheet on page 6 and Is consldered satisfactory. Reserves pollcy The Charlty's policy on resèrves Is to maintain sufficient reserves to enable the Charlly to continue to achieve Its princlpal oblettlves.
WILUAM BERMAN'S TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED31 DECEMBER ZOZ5 FUTURE PLANS The Trustee5 are mindful of the eon5iderable investments held by the Charlty. They contlnue to explore the possibllity of providing more almshouse5 and are looking to future energy efficiency and gas boiler replacement option5. They contlnue to invest in malntenance fund5 to ensure a hiEh quallty of living conditlons at all the almshouses. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document Rev. William Berman founded the Charity in the year 1700 and It was established by an Order of the Charlty Commissioners dated 2nd May 1871 and 15 regulated by a Scheme of the sarne date. It Wa5 further approved and constltuted by a Scheme dated 30th October 1953 and variatSon5 dated Ilth May 1989 and 2nd April 1997 and an order dated 1st June 2007. Recrultment and appolntment of new trustee5 The Trustee5 continue to be mindful of the need to malntaln a strong Trust body by making timely appolntment5 when vacancles occur. As vacancies for Trustee5 arise applications are sought from potential tandidates known to the Trustees and other suitable local people. Applicants are then considered by the Trustees and appointments made by re501ytion of the Trustees. OrganlsatSonal strurture The Clerk to the Charity carries out the day to day running of the Charity under the guidance and 5upervi5ion of the Trustees, who normally meet four times during each year and more frequently when there 15 business to be transacted. Inductlon and tralnlng of new trustees New Trustees are briefed by the Clerk and the existing Trustees on the hlstory and actlvitle5 of the Charlty. They are provided with a copy of the Charity Commission publlcatiofj 'The Essential Trustee dÈtaS1ing their responsibllltle5 and providing guSdance on belng a Trustee. New TrustÈe5 are provided with a copy of the Charity Scheme and the latest accounts, Related partles There are no other charitie5 related to the Wllllam BÈiman's Trust. The Clerk to the Charity is also Clerk to other almshouse charltlès. Risk man38ement As an Integral part of their management pollcy the Trustees maintaln regula check5 on risk Factors which may adversely affect the Charitv. Through the employment of pri)fessional advisors the Trustees seek to ensure that all of the Charity's manaeement and decislon making proce55es take full account of, and comply with, relevant legislation and regulatory control5. Insurance Includlng property ownershlp and public liability is reassessed annuallv. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Charlty number 236697 Prlncipal address clo Clare Heyes 18 Newbridge Hlll West Bergholt Colchester Essex C06 3ER
WILLIAM BERMAN'STRUST REPORT OF THE TRUSTEES FOR THE YEAR ENOED 31 DECEMBEA 2025 Trustees Mrs J Gowlett MrSHII1 Mrs C Tuck. Chair Mr C Enderbv Mrs R Anderson Mr S Tkac2yk Mrs l McGlnley Independenl Examlner 5Smon Welllng TC Group Atcountants Town Wall House Balkerne Hill Colchester Essex C03 3AD 5ollcito Landons Landon House 9 Shenfleld Road Brentwood Essex CMIS 8AH Clerk to the Charfty Mrs C Heyes 18 Newbrld6e Hlll West Bergholt Colchester Essex C06 3ER Approved by order of the board of trustees on... and slgned on Its behalf by.. Mrs C Tuck- Trustee
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEESOF WILLIAM BERMAN'STRUST Independent examlnèr's report to the trustees of Wllllam Berman's Trust I report to the charity trustees on my examlnatlon of the accounts of Wllllam 8erman'5 Trust (the Trust) for the year ended 31 December 2025. Re5ponslbllltles and b351s of report As the charity Iru5tees of the Trust you are responsible for the preparatlon of the accoun15 in accordance wSth the requirements of the Charltles Act 20111'the Act'l. I report In respect of rny ex3mlnatlon of the Trust's accounts carried out under Sectlon 145 of the Act and in carryln8 out my eKamination I have followed all applicable Directions given by the Charity Commission under Sectlon 14515llbl of the Act. Independent examlner's ststement I have completed my examination. I confirm that no material matters have corne to my attention In connection with the @xamination Elving me cause to believe that in any materlal iÈspect'. accounting record5 were not kept In respect of the Trust as required by Sectlon 130 of the Act,. or the accounts do not actord with those record5,' Dr the accounts do not comply with the applicable requlrements concerning the form and content of accounts set out In the Charities IAccounts and Reports) Regulatlons 2008 other than any requlrement that the accounts glve a true and fair view whlch Is not a matter conside¥ed as part of an independent examination. I have no concerns and have come across no other matters In connection with the examinatlon tts whlch attentlon should be drawn in this ieport in order to enable a proper understanding of the accounts to be rèèched. Slmon Welling Certlfied Accountant TC Group Accountants Town Wall House Balkerne Hill Colchester Essex C03 3AD Date..
WILLIAM BERMAN'S TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025 2025 Tot31 funds 2024 Total fund5 Unrestrlcted funds Restricted fund Endowment funds Notes INCOME AND ENDOWMENTS FROM Charltable actlvltles Almshouse actlvity 151,525 151,525 141,049 Investment income 41,804 358 3.654 45,816 44,149 Total 193,329 358 3,654 197,341 185,198 EXPENDITURE ON Ra15ing funds Investment managerllent costs 5,084 5,084 5,055 Charltable actlvltles Alm5hou5e actSvltv Grants Resldents expenses 71,419 33,000 438 71,419 33,000 796 113,188 33,0(Kl 806 358 Total 109,941 358 110.299 152.049 83,388 3.654 87,042 33,149 Net galns on investments 2,638 83,571 86,209 32.795 NET INCOME 86,026 87.225 173,251 65,944 Transfers between funds 13 15,103 115,103) Net movement In funds 101,129 72,122 173,251 65,944 RECONCILIATION OF FUNDS Total funds brought forward 429,615 2,061,703 2.491,318 2,425,374 TOTALFUNDS CARRIED FORWARD 530,744 2,133,825 2,664,569 2,491,318 CONTINUING OPERATIONS All Income and expendlture has arlsen from contlnulng activities. The notes form part of these flnanclal statements
WILLIAM BERMAN'S TRLIST BALANCE SHEET 31 DECEMBER 2025 2025 Total funds 2024 Total funds Unstricted funds Restrlcted fund Endowment funds Notes FIXED ASSETS Tanglble assets Inve5trnents 1,193,Y19 879,044 1,193,919 1.089,779 1,209,022 1,018,145 Jo 210.735 210,735 2,072.963 2,283,698 2.227,167 CURRENT A55ETS Debtors Cash at bank li 9,279 324,698 9,279 385,560 6.809 272,151 60,862 333,977 60,B62 394,B39 278,960 CREOITORS Amounts falllng dL¢e wlthin one year 12 113,9681 113,96BI 114,8091 NET CURRENT ASSETS 320 009 60,862 380,871 264,151 TOTAL ASSETS LESS CURRENT LIABILITIES 530.744 2.133,825 2.664,569 2.491.318 NET ASSETS $30,744 2,133W25 2,664,569 2,491,318 FUNDS Unrestricted funds Endowment funds 13 530,744 2,133,815 429,615 2,061,703 TOTAL FUNDS 2,664.569 2,491,318 The financial statements were 3pprDved by the Board of Trustees and 8Uthorlsed for Issue on . and were slEDed on Its behèlf by.. Mrs CTuck- Tru5tEe Mrs J GowlÈtt- Trustee The notes form part of these Ilnanclal Statements
WILLIAM BERMAN'S TRUST NOTESTOTHE FINANCIALSTATEMENTS FOR THE YEAR ENDED31 DECEMBER 2025 ACCOUNTING POLICIES Basls of preparlng the Ilnanclal statements The charity constitute5 a public benefit entlty as dellned by FRS 102. The accounts have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practlee ISORPI appllcable to charltles preparlng their accounts in accordance with the Financial Reportlng Standard applicable in the UK and Republlc of Ireland Issued In October 2019, the Financlal Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, the Charlties Act 2011, and UK Generally Accepted Accounting Practice. The financlal statements have been prepaied under the historical cost conventlon, wlth the exception of investments which are included at market value, as modified by the revaluatbon of certain assets. For the purposes of pre5entatitsn the flnanclal statements are rounded to the nearest pound sterling 1£) and are inclusive of Value Added Tax. Fund Accounting Unrestricted funds can be used in accordanee with the charltable oblettives at the discretlon of the trustees. Deslgnated funds are unrestricted fund5 of the charlty which the trustees have declded at thelr dlscretlon to set aside to use for a specific purpose. Restricted fvnd5 can only be used for partlcular restricted purposes within the oblect5 of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Pe¥mBnènt endowrnent funds are non-expendable funds whlch are normally held indefinitely. Further explanation of the nature and purpose of each fund Is included in the notes to the financial statements. Golng concern The account5 are prepared on a going concern ba515 a5 theie are no materlal uncertalntles about the Charity's ability to continue. Income All income Is recogni5ed In the Statement of Flnanclal Actlvltles onee the charity has entltlement to the funds, It Is probable that the income wi11 be recelved and the arnount can be measurèd rèllably. Income from government and other grants, whether 'capital' grants or 'revenue' grants, Is recognised when the Charlty has entltlement to the funds, any performance condltltsns attached to the grants have been met, It Is probable that the income will be received and the amount can be measured rellably and15 not deferred. For legacie5, entitlement15 taken a5 the earlier of the date on which either.. the Charity is aware that probate has been granted, the estate has been flnalised and notiflcation has been made by the executorlsl to the Charlty that a dlstrlbutlon will be made, or when a dlstribution15 received from the estate. Donations and other voluntary Income are reflected in the accounts for the period in which they are received. Donations in kind are recognlsed by the Charlty when recelved except In the case of servlces provided free or undervalue by voluntary staff or other5 whlch are not reflected In the aeeounts. Interest Recelvable Interest on funds held on deposlt is included when receivable and the amount can be measured reliably by the Charity,. thls Is normally upon notification of the interest pald or payable by the Bank.
WILLIAM BERMAN'STRUST NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED31 DECEMBER 2025 ACCOUNTING POLICIE5- contlnued Expenditure LlabS1ities are recognlsed a5 expenditure as 500n as there is a legal or constructive obligatSon comrn1tting the charity to that expendlture, it is probable that a transfer of eeonomlc beneflts will be required in settlement nd the amount of the obligation can be measured reliably. Expendlture Is accounted for on an accruals basls and ha5 been classified undei headings that aggregate all cost related to the category. Where costs cannot be dlrectly attributed to particular headings they have been allocated to activlties on a ba515 consistent wlth the use of resourees. Repalrs and Malntenance of Propertles The charges In the Statement of Flnanclal Actlvities In respect of Cyclical Malntenance and Extraordinary Repalrs reflect the Trustees, constant ctrntern to keep the propertles In Bood condition, and are In accordance with the Almshouse Assoclatiolls, recommendatlon that Alm5hou5e Charltle5 Should set aslde each year specific sums in this respect. Transfers are rnade from the Income Account each year to the Extraordinary Repalr Fund to cover extraordinary repairs as they arise and to the Cyclical Malntenance Fund to cover repalrs whlch arlse on a eyclScal basts. Support Costs The Charlty's governance costs are allocated entSrely to the Almshouse Costs since support costs relatlng to other actlvltles are consldered Immaterlal. Grants offered subject to conditions which have not been met at the year end date are noted as a commltment but not accrued as expendlture. Tangible fixed assets The cost of refurbi5hmenl and improvements to the existing freehold property are written oll to the Income Account as incurred. Any malor Smprovements to the existlng freehold property or new building works are eapltalised. The freehold property is depreciated using the straight line method at a rate calculated to write Dff the as5et5 over thelr estimated useful life which is consldered to be 100 years. Investments Investments are shown on the Balance Sheet at their market value. Changes in market values during an accounting period are reflected in the accounts as unrealised gains or losses. Upon disposal of an investment the dlfference between original cost and dlsposal proceeds Is reflected In the accounts as a realised gain or loss and an adjustment 15 made to unrea1I5ed gain5 or losses to reverse unreallsed movements In value in earlier years. Debtors Contribution and other debtors are retogn15ed at the settlement amount due. Prepayments are valued at the amount prepaid net of any trade di5count5 due. Cash at Bank and In Hand Cash at bank and cash in hand Includes cash and short term highly Ilquld investments wlth a Short maturlty of three rnonths or less from the date of 3cqulsitlon or opening of the deposit or slmllar account.
WILLIAM BERMAN'STRUST NOTES TO THE FINANCIAL STATEMENTS- contlrtuèd FOR THE YEAR ENDED 31 DECEMBER 2025 ACCOLINTING POLICIES- continued Credltors and Provlslons Credltors and provlsions are recogn15ed where the Charity has a present obligation resulting from a past event that will probably result in the transfer ol funds to a third party and the amount due to settle the Dbligation can be measured or estimated reliably. Creditors and provlslons are normally recognlsed at thelr settlement amount after allowing for any trade dlstounls due. Taxation The charity is exempt from tax on its charltable actlvltSes. INVESTMENT INCOME 2025 2024 Dlvldend5 rettlvable Accumulation share dividend5 receivable COIF deposit account interest recelvable Rathbones account Interest recelvable 28,135 7,272 io,iis 294 30,879 3,536 9,248 486 45,816 44,149 INCOME FROM CHARITABLE ACTIVITIES 2025 2024 Almshouse actSvlty Contributions receivable Losses from vacancies Gas contrlbutlons receivable Laundry charge5 145,973 139,602 15,6841 6,846 285 5,275 277 151,525 141,049 CHARITABLE ACTIVITIE5 C05T5 Direct Costs (see note 51 Grant funding of Support costs (see note 61 Totals Almshouse actlvitv Grant5 Resldents expenses 54,117 17.302 71,419 33,000 796 33,(KlO 796 S4,913 33,000 17,302 105,215
WILLIAM BERMAN'S TRUST NOTES TO THE FINANCIAL STATEMEiwfs. contlnued FOR THE YEAR ENDED31 DECEMBER 2025 DIRECT COSTS OF CHARITABLE ACTIVITIES 2025 2024 Rate5 and water Insurance Light and heat Repalrs and malntenan Cycllcal repair5 Extraordinary repairs Gardening Sundry Cleaner Telephone Residents expenses Profes51onal fees Depreciatbon 1,907 3,268 13,682 11,623 2,000 4,150 3,184 17,528 15,276 6,000 24,841 6,325 220 716 22 806 3,312 15,103 5,970 170 394 796 15,103 54,913 97,483 SUPPORT COSTS Governance C05ts Management Totals Almshouse activitv 12,418 4,884 17,302 Support costs, Included in the above, are as follows.. 2025 Almshouse activlty 2024 Almshouse activitv Trustees, remuneration etc Clerks fees Subscription5 Sundry expense5 Independent examination fee5 Accountancy fees 85 11,460 419 454 642 4,242 10,914 407 324 624 4,242 17,302 16,511 -io-
WILLIAM 8ERMAN'STRUST NOTES TO THE FINANCIAL 5TATEMENTS- contlnued FOR THE YEAR ENDED 31 DECEMBER 2025 TRUSTEES, REMUNERATION AND BENEFITS There were no tru5tees' rÈmuneratlon or other benefits for the year ended 31 December 2025 nor for the year ended 31 December 2024. Trustees, eMpen5es 2025 2024 Trustee5' expenses 85 Trustees expenses were in respect of relmbursement of three tru5tee5 travel expenses. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund5 Restrlcted fund Endowment funds Total funds INCOME AND ENDOWMENTS FROM Charltablè actlvltles Almshouse actSvltv 141,049 141,049 Investment income 43,812 337 44,149 Total 184,861 337 185,198 EXPENDITURE ON Ralslng funds Investment management costs 5,055 5,055 CharFtablÈ actlvltles Almshouse activity Grants Resldents expenses 113,188 33,000 469 113,188 33,0(K 806 337 Total 151,712 337 152,049 33,149 33,149 Net Ealns on Investments 2,865 29,930 32,795 NET INCOME 36,014 29,930 65,944 Transfers between funds 125,4771 25,477 Net movement In funds 10,537 55,407 65,944 RECONCIUATION OF FUNDS Total funds brought forward 419,078 2,5,296 2,425,374 TOTAL FUNDS CARRIED FORWARD 429,615 2,061,703 2,491,318 -li-
WILLIAM BERMAN'S TRUST NOTES TO THE FINANCIAL STATEMENTS- eontlnued FOR THE YEAR ENDED 311)ECEMBER 2025 TANGIBLE FIXED ASSETS Freehold property COST At I january 2025 and 31 December 2025 1,433,331 DEPRECIATION At l Janu3ry 2025 Charge for year 224,309 15,103 At 31 December 2025 239,412 NET BOOK VALUE At 31 December 2025 1,193,919 At 31 December 2024 1,209,022 io. FIXED ASSET INVESTMENTS Listed Investments MARKET VALUE At I January 2025 Additlons Dispos315 Rev31ualions 1,018.145 197.300 1211,8751 86.209 At 31 December 2025 1,089,779 NET BOOK VALUE At 31 Decembèr 2025 1,089,779 At 31 December 2024 1,018,145 There were no Investment assets outslde the UK. -12-
WILLIAM BERMAN'S TRUST NOTES TO THE FINANCIAL STATEMENTS- continued FOR THEYEAR ENDED 31 DECEMBER 2025 io. FIXED A55ET INVE5TMENTS- contlnued Cost or valuation al 31 December 2025 is represented by.. Llsted Investments Accumulated revaluation 8aln% C05t 496,588 593.191 1,089,779 ii. DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Contrlbutlons arrears Other debtors Prepayments and accrued income 2.533 1.778 4,968 3,596 3,213 9,279 6,809 12. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Contrlbutions received in advan AccTua15 and deferred income 5,669 8.299 5,900 8,909 13,968 14,809 13. MOVEMENT IN FUNDS Nel movement in funds Transfers between fund5 At 31.12.25 At 1.1.25 Unrestrlcted lunds Income Account Extraordinary Repalr Fund Cycllcal Maintenance Fund Development Fund 92,652 193,292 28,671 115,000 79.712 6,314 {16,6191 13,600 18,122 155,745 213,206 46,793 115,000 429,615 86,026 15,103 530,744 Endowment funds Capital Account M15s Isobel Susan Emily Field's Bequest Capit31 Recoupment Fund 1,597.367 8,160 456,176 57,795 1,109 28.321 115,1031 1.640.059 9,269 484,497 2,061.703 87.225 115,1031 2.133,8Z5 TOTAL FUNDS 2.491,318 173,251 2,664.569 -13-
WILLIAM BERMAN'S TRUST NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 DECEMBER 2025 13. MOVEMENT IN FUNDS- continued Net movement in funds, included In the above are as follows.. Incomlng resources Resources expended Gains and losses Movement in fvnds Unrestrlcted funds Income Account ExtTaordlnary Repalr Fund 189,711 3,618 1109,9411 1581 2,696 79,712 6,314 193,329 1109,9411 2,638 86,026 Restrlcted funds Miss Isobel Susan Emlly Fleld's Bequest Income Fund 358 13581 Endowment funds Capital Account M1s5 Isobel Susan Emily Field's 8equest Capital RÈcoupment Fund 3.622 32 54,173 1,077 28,321 57,795 1,109 28,321 3,654 83,571 87,225 TOTAL FUNDS 197,341 1110,2991 86,209 173,251 Comparatlves for movement In funds Net movement in fund5 Transfers between funds At 31.12.24 At 1.1.24 Unrestricted funds Incorne Account Extraordinary Repair Fund Cyclical Maintenance Fulld Development Fund 86,358 183,049 34,671 115,000 31,771 10,243 16,0001 125,4771 92,652 193,292 28,671 115,000 419,078 36,014 125,4771 429,615 Endowment funds Capital Account MSSS Isobel Susan Emlly Fleld's Bequest Capltal Recoupment Fund 1,569,434 8.023 428,839 2,456 137 27,337 25,477 1,597,367 8.160 456,176 2,006,296 29,930 25,477 2,061,703 TOTALFUNDS 2,425,374 65,944 2,491,318 -14-
WILLIAM BERMAN'S TRUST NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 DECEMBER 2025 13. MOVEMENT IN FUNDS- continued Compar8tlve net movement In funds, included in the above are as follows.. Incoming resources Resources expended Gains and losses Movement in funds Unrestflcted funds Income Account Extraordinary Repalr Fund Cytlical Malntenance Fund 181,325 3,536 1145,7121 13.8421 6,707 31,771 10,243 I6,0) 16,0001 184,861 1151,7121 2,865 36,014 Restrlcled funds Mi55 Isobel Susan Emily Fleld's Bequest Income Fund 337 13371 Endowment fund5 Capital Account Miss Isobel Susan Emily Field's Bequest Capital Recoupment Fund 2,456 137 27,337 2,456 137 27,337 29,930 29,930 TOTAL FUNDS 185,198 1152,0491 32.795 65,944 Income Account The Income Account 15 unrestricted and available for the Beneral purposes of the Charity. The Fund represents accumulated surpluses of the Charity. Extraordlnary Repair Fund The Extraordlnary Repair Fund is unrestricted but de5ignaled by the Trustees for future major repairs and Improvements to the charlty's alm5house5. The Fund is specillcally Invested. Income from the Investments s added to the Fund. A transfer to the Fund is made each year from thè Inton)e Attount of a speclfic amount agreed by the Trustee5. Cycllcal Malntenance Fund The Cyclical Maintenante Fund Is unrestricted but designated by the Trustees for futurè rÈcurrlng malntenance as necessary at the Charity'5 alm5hou5e5. A transfer to the Fund is made each year from the Income Account of a specific amount agreed by the Trustees. Development Fund The Development Fund Is unrestricted but designated by the Trustees to make provlslon lor new accommodation for the beneflclal class of the Charity in the future. A transfer to the Fund is made from the Income Account of a Specific amount as agreed by the Trustees. C3pltal Account The Capital Account Is Perrnanent Endowment of the Charity. The Fund is partly represented by the Charity's equlty in land and buildings with the balance belne speclflcally invested. Income from these investments is avallable for the general purposes of the Charity. Changes In the net book value of the housing properties are ¥eflected in the Capital Account by a transfer from or to the Income Aeeount. -15-
WILLIAM BERMAN'STRUST NOTES TO THE FINANCIAL 5TATEMENTS- contlnued FOR THE YEAR ENDED 31 DECEMBER 2025 13. MOVEMENT IN FUNDS- contlnued Mlss Isobel Susan Emlly Fleld's Bequest and Income Fund The bequest of Miss Field Is Permanent Endowment of the Charity and Is speclflcally Invested. Incorlle from these Investment51s restrlcted to the beneflt of the Charlty's almswomen. Capltal Recoupment Fund The Capital Recoupment Fund is permanent endowment of the Charlty was established to recoup funds wlthdrawn from the Capital Account and MIS5 Isobel Susan Ern11y Fleld's Bequest to Improve the Charity's propertie5. The Charlty Commlsslon accepted the Trustees resolutlon, dated 10 Aprll 2019, to cancel the annual recoupments so that these funds can be utilised on the Charlty'5 beneflciaries. 14. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 December 2025. -16-
WILLIAM BERMAN'STRUST DETAILED STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED31 DECEMBER 2025 2025 2024 INCOME AND ENDOWMENTS Investment Intome Dividend5 recelvable Accumulation share dividends receivable COIF deposlt account Interest receivable Rathbones account interest reIVable 28.135 7,272 10,115 294 30,879 3,536 9,248 486 45,816 44,149 Charitable activities Cor)tribution5 receivable Losses from vacancies Gas contrlbutions recelvable Laundry charges 145,973 139,602 15,6841 6,846 285 5,275 277 151.525 141,049 Total Incomlng resQUrtes 197.341 185,198 EXPENDITURE Investment management costs Investment management costs 5,084 5,055 Charliable actlvltles Rates and water Insurance Light and heat Repairs and malntenance Cycllcal repair5 Extraordinary repairs Gardening Sundiv Cleaner Telephone Residents expense5 Profe55ional fees Depreciation charge for year Grants to institutions 1,907 3,268 13,682 11,623 2.000 4,150 3,184 17,528 15,276 6,000 24,841 6,325 220 716 22 806 3,312 15,103 33,000 5,970 170 394 796 15.103 33,000 87.913 130,483 Support costs This page doe5 noi form part of the statutory financi31 statements -17-
WILLIAM BERMAN'STRUST DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025 2025 2024 Support costs Management Trustees, expenses Clerks fee5 Subscriptions Sundry expenses 85 11,460 419 454 10,914 407 324 12,418 11,645 Governance costs Independent examillation fee5 Accountancy fee5 642 4,242 624 4,242 4,884 4,866 Total resourc85 expended 110,299 152.049 Net Income before galns and losse5 87,042 33,149 Reallsed recognlsed galns and105ses Realised galns/llossesl on Ilxed asset Investments 881 1,460 Net 5ncome 87,923 34,609 Thls page does not form part of the statutory financial statements -18-