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2025-10-31-accounts
|
Page |
| Report ofthe Trustees |
It07 |
| Report of the Independent Auditors |
|
| StatementofFinancial Activities |
11 |
| Balance Sheet |
12 |
| Notes to the Financial Statements |
13 to 23 |
| Detailed Statement ofFinancial Activities |
24 to 25 |
|
|
|
|
2025 |
2024 |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
funds |
funds |
funds |
funds |
|
Notes |
|
|
|
|
| INCOME FROM |
|
|
|
|
|
| Donations received |
|
|
9,350 |
9,350 |
9,350 |
| Charitable activities |
2 |
236,469 |
|
236,469 |
209,506 |
| Investment income |
3 |
185,758 |
|
185,758 |
194,183 |
| Total |
|
422,227 |
9,350 |
431,577 |
413,039 |
| EXPENDITURE ON |
|
|
|
|
|
| Raisingfunds |
4 |
8,564 |
|
8,564 |
13,377 |
| Charitable activities |
5 |
|
|
|
|
| Charitable activities |
|
331,746 |
|
331,746 |
280,555 |
| Governance costs |
|
11,174 |
|
11,174 |
48,506 |
| Grants, Giftsand Donations |
|
49,859 |
11,923 |
61,782 |
74,028 |
| Total |
|
401,343 |
11,923 |
413,266 |
416,466 |
| Net income/(expenditure) andnetmovement |
|
|
|
|
|
| in funds before gains and losses on |
|
20,884 |
(2,573) |
18,311 |
(3,427) |
| Net gains/(losses) on investments |
|
293,781 |
|
293,781 |
447,533 |
| NET INCOME/(DEFICIT) |
|
314,665 |
(2,573) |
312,092 |
444,106 |
| RECONCILIATIONOF FUNDS |
|
|
|
|
|
| Balance broughtforward |
|
5,552,093 |
2,573 |
|
|
| Balance carried forward |
|
5,866,758 |
|
5,866,758 |
5,554,666 |
|
|
|
|
2025 |
2024 |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
funds |
funds |
funds |
|
|
Notes |
|
|
|
|
| FIXED ASSETS |
|
|
|
|
|
| Tangible assets |
11 |
1,027,990 |
|
1,027,990 |
1,027,990 |
| Investments |
|
|
|
|
|
| Investments |
12 |
3,269,049 |
|
3,269,049 |
2,966,489 |
| Investment property |
13 |
750,000 |
|
750,000 |
750,000 |
| CURRENT ASSETS |
|
|
|
|
|
| Debtors |
15 |
60,359 |
|
60,359 |
53,903 |
| Cash at bank and on hand |
|
808,800 |
|
808,800 |
807,708 |
|
|
869,159 |
|
869,159 |
861,611 |
| CREDITORS |
|
|
|
|
|
| Amounts falling due withinone year |
16 |
(49,440) |
|
(49,440) |
(51,424) |
| NET CURRENT ASSETS |
|
819,719 |
|
819,719 |
810,187 |
| NET ASSETS |
|
5,866,758 |
|
5,866,758 |
5,554,666 |
| FUNDS |
17 |
|
|
|
|
| Almshouse Fund |
|
|
|
4,011,125 |
|
| Relief in Need Fund |
|
|
|
1,799,756 |
|
| Extraordinary Repair Fund |
|
|
|
55,877 |
94,422 |
| TwoFoldTrustFund |
|
|
|
|
2,573 |
| TOTAL FUNDS |
|
|
|
5,866,758 |
5,554,666 |
| CHARITABLE ACTIVITIES |
|
|
|
2025 |
2024 |
| Maintenance charges |
181,873 |
163,900 |
| Property income |
54,596 |
45,606 |
|
236,469 |
209,506 |
| INVESTMENT INCOME |
|
|
|
2025 |
2024 |
| Rent received |
72,520 |
72,990 |
| Dividends |
82,167 |
88,253 |
| Deposit account interest |
4,924 |
2,750 |
| Liquidity fund portfolio interest |
26 147 |
30, 190 |
|
185,758 |
194,183 |
|
Investment management costs |
|
|
|
|
|
|
2025 |
2024 |
|
Brokers costs |
|
7,469 |
7,437 |
|
Property agent fees |
|
|
4,680 |
|
Repairs and refurbishments to property |
|
1,095 |
1,260 |
|
|
|
8,564 |
13,377 |
| 5. |
CHARITABLE ACTIVITIES COSTS |
|
|
|
|
|
|
2025 |
2024 |
|
Wardens salaries and pension |
|
33,757 |
31,643 |
|
Rates and water |
|
4,652 |
3,841 |
|
Insurance |
|
8,901 |
8,018 |
|
Lightand heat |
|
29,729 |
24,728 |
|
Telephone |
|
2,018 |
1,975 |
|
Sundry expenses |
|
8,394 |
5,117 |
|
Repairs and refurbishments to property |
|
100,366 |
174,667 |
|
Agent fees |
|
15,742 |
7,170 |
|
Alarm costs |
|
4,079 |
3,238 |
|
Careline costs |
|
983 |
872 |
|
Garden maintenance |
|
75,346 |
19,286 |
|
Gifts (as stated in note 9) |
|
26,432 |
16,028 |
|
Grants and donations (as stated in note 9) |
|
35,350 |
58,000 |
|
Governance costs (as stated in note 6) |
|
58,953 |
48,506 |
|
|
|
404,702 |
403,089 |
|
Charitable activities split as below |
Almshouses |
Relief in
Need |
Extraordinary
Repairs |
|
Wardens salaries and pension |
26,955 |
6,802 |
|
|
Gifts |
|
21,959 |
|
|
Grants and donations |
|
27,900 |
|
|
Governance costs |
8,922 |
2,252 |
|
|
Other charitable activities |
288,362 |
9,627 |
|
|
|
324,239 |
68,540 |
|
|
|
TwoF01d
Trust |
Henry Smith |
Totals |
|
Wardens salaries and pension |
|
|
33,757 |
|
Gifts |
73 |
|
22,032 |
|
Grants and donations |
2,500 |
9,350 |
39,750 |
|
Governance costs |
|
|
11,174 |
|
Other charitable activities |
|
|
297,989 |
|
|
2,573 |
9,350 |
404,702 |
| GOVERNANCE COSTS |
|
|
|
|
|
2025 |
2024 |
| Clerk and assistant clerk |
|
30,602 |
39,020 |
| Accountancy |
|
17,177 |
|
| Audit fees |
|
7,200 |
5,400 |
| Legal andprofessiornl fees |
|
3,015 |
3,060 |
| Bank charges and interest |
|
959 |
1,026 |
|
|
58,953 |
48,506 |
| Charitable activities split as below |
Almshouses |
Reliefin
Need |
Totals |
| Clerk and assistant clerk |
24,436 |
6,166 |
30,602 |
| Accountancy |
13,716 |
3,461 |
17,177 |
| Audit fees |
5,749 |
1,451 |
7,200 |
| Legal andprofessional fees |
2,407 |
608 |
3,015 |
| Bank charges and interest |
766 |
193 |
959 |
|
47,074 |
11,879 |
58,953 |
| The followinggrantsand donations weremade duri |
ng theyear to 31 October: |
|
|
2025 |
2024 |
| Education and youth |
27,000 |
49,000 |
| Grants to organisations |
8,350 |
9,000 |
| Christmas VoucherScheme |
17,682 |
12,828 |
| Other small donations |
8,750 |
3,200 |
|
61,782 |
74,028 |
| 10. |
STAFFCOSTS |
|
|
|
|
2025 |
2024 |
|
Wages and salaries |
62,746 |
30,243 |
|
Pensioncontributions |
1,613 |
1 ,400 |
|
|
64,359 |
31,643 |
|
The average monthly numberofemployees during the year was as follows: |
|
|
|
|
2025 |
2024 |
|
Full-time |
2 |
1 |
|
Part-time |
2 |
1 |
|
|
4 |
2 |
| 11. |
TANGIBLE FIXED ASSETS |
|
|
|
|
|
Freehold |
|
|
|
Property |
|
COST |
|
|
|
At I November 2024 and 31 October2025 |
|
1,027,990 |
|
NET BOOK VALUE |
|
|
|
At 31 October 2025 |
|
1,027,990 |
|
At 31 October2024 |
|
1,027,990 |
| FIXED ASSETINVESTMENTS |
|
|
|
|
Listed |
Unlisted |
|
|
investments |
investments |
Totals |
| MARKET VALUE |
|
|
|
| At I November 2024 |
2,966,489 |
|
2,966,489 |
| Additions |
206,437 |
|
206,437 |
| Disposals |
(315,870) |
|
(315,870) |
| Net gains/(losses) on investments |
411,993 |
|
411,993 |
| At 31 October 2025 |
3,269,049 |
|
3,269,049 |
| NET BOOK VALUE |
|
|
|
| At 31 October2025 |
3,269,049 |
|
3,269,049 |
| At 31 October2024 |
2,966,489 |
|
2,966,489 |
| FAIR VALUE |
|
| At 1 November 2024 |
750,000 |
| Revaluations |
|
| At 31 October2025 |
750,000 |
| NET BOOK VALUE |
|
| At 31 October 2025 |
750,000 |
| At 31 October 2024 |
750,000 |
| The table sets out a maturity analysis oflease payments to be received |
after the year end: |
|
|
2025 |
2024 |
| Expiring: |
|
|
| Withinone year |
84,707 |
84,707 |
| Between one and twoyears |
40,645 |
55,350 |
| Between two and five years |
102,900 |
116,745 |
| After five years |
2,610 |
29,410 |
|
230,862 |
286,212 |
| DEBTORS: AMOUNTSFALLING DUE WITHINONE YEAR |
|
|
|
2025 |
2024 |
| Rental debtors |
30,853 |
22,986 |
| Prepayments and accrued income |
25,006 |
26,417 |
| Loans |
4,500 |
4,500 |
|
60,359 |
53,903 |
| CREDITORS: AMOUNTSFALLING DUEWI |
THINONE YEAR |
|
|
2025 |
2024 |
| Other creditors |
|
2,813 |
| Odiham Educational Charity |
5,199 |
4,854 |
| Accrued expenses |
31,983 |
35,082 |
| Deferred income |
12,258 |
8,675 |
|
49,440 |
51,424 |
| MOVEMENT m FUNDS |
|
|
|
|
|
|
Net |
|
|
|
At 1.11.24 as |
movement in |
|
|
|
restated |
funds |
Transfers |
At 31.10.25 |
| Unrestricted funds |
|
|
|
|
| Almshouse |
3,783,581 |
182,544 |
|
3,966,125 |
| Relief In Need |
1,674,090 |
125,666 |
|
1,799,756 |
| Extraordinary Repair Fund |
94,422 |
6,455 |
|
100,877 |
|
5,552,093 |
314,665 |
|
5,866,758 |
| Restrictedfunds |
|
|
|
|
| TwoFoIdTrustFund |
2,573 |
(2,573) |
|
|
| Henry SmithFund |
|
|
|
|
|
2,573 |
(2,573) |
|
|
TOTAL
FUNDS |
5 554 666 |
312 092 |
|
|
| Netmovement in funds, includ |
ed in theabove are a |
s follows: |
|
|
|
Incoming |
Resources |
Gains and |
Movement |
|
resources |
expended |
losses |
in funds |
| Unrestricted funds |
|
|
|
|
| Almshouse |
365,609 |
(329,069) |
146,004 |
182,544 |
| Relief In Need |
56,618 |
(72,274) |
141,322 |
125,666 |
| ExtraordinaryRepair Fund |
|
|
6,455 |
6,455 |
|
422,227 |
(401,343) |
293,781 |
314,665 |
| Restricted funds |
|
|
|
|
| TwoFold Trust Fund |
|
(2,573) |
|
(2,573) |
| Henry Smith Fund |
9 350 |
(9,350) |
|
|
|
9,350 |
(11,923) |
|
(2,573) |
| TOTAL FUNDS |
431,577 |
(413,266) |
293,781 |
312,092 |
| Comparatives for movement in funds (as restated): |
|
|
|
|
|
|
Net |
|
|
|
|
movement in |
|
|
|
At2.11.23 |
ftnds |
Transfers |
At 30.10.24 |
| Unrestricted funds |
|
|
|
|
| Almshouse |
3,473,775 |
309,806 |
|
3,783,581 |
| Relief In Need |
1,547,424 |
126,666 |
|
1,674,090 |
| ExtraordinaryRepair Fund |
82,788 |
11,634 |
|
94,422 |
|
5,103,987 |
448,106 |
|
5,552,093 |
| Restricted funds |
|
|
|
|
| TwoFoIdTrust Fund |
6,573 |
(4,000) |
|
2,573 |
| Henry SmithFund |
|
|
|
|
|
6,573 |
(4,000) |
|
2,573 |
| TOTAL FUNDS |
5,110,560 |
444,106 |
|
5,554,666 |
| Netmovement in funds, includ |
ed in the above are |
as follows: |
|
|
|
Incoming |
Resources |
Gains and |
Movement in |
|
resources |
expended |
losses |
funds |
| Unrestricted funds |
|
|
|
|
| Almshouse |
343,093 |
(317,953) |
284,666 |
309,806 |
| Relief In Need |
60,596 |
(85,163) |
151,233 |
126,666 |
| ExtraordinaryRepair Fund |
|
|
11,634 |
11,634 |
|
403,689 |
(403,116) |
447,533 |
448,106 |
| Restricted funds |
|
|
|
|
| TwoFold Trust Fund |
|
(4,000) |
|
(4,000) |
| Henry Smith Fund |
9,350 |
(9,350) |
|
|
|
9,350 |
(13,350) |
|
(4,000) |
| TOTAL FUNDS |
413,039 |
(416,466) |
447,533 |
444,106 |
|
2025 |
2024 |
| Balance brought forward |
94,422 |
82,788 |
| Movement during the year |
6,455 |
11,634 |
| Reserve transfer |
(45,000) |
|
|
55,877 |
94,422 |
| ANALYSIS OF NET ASSET |
S BETWEEN F |
UNDS |
|
|
|
|
|
Net current |
|
|
Tangible |
|
assets/ |
|
|
Assets |
Investments |
(liabilities) |
Total fund |
| Unrestricted funds |
|
|
|
|
| Almshouse |
1,027,990 |
2,415,643 |
409,528 |
3,853,161 |
| Relief In Need |
|
1,547,529 |
410,191 |
1,957,720 |
| Designated funds |
|
|
|
|
| Extraordinary Repair Fund |
|
55,877 |
|
55,877 |
| Restrictedfunds |
|
|
|
|
| TwoFold Trust Fund |
|
|
|
|
| TOTAL FUNDS |
1,027,990 |
4,019,049 |
819,719 |
5,866,758 |
| Comparatives for analysis ofnet assets between |
|
funds (as restated): |
|
|
|
|
|
Net current |
|
|
Tangible |
|
assets/ |
|
|
Assets |
Investments |
(liabilities) |
Total fund |
| Unrestricted funds |
|
|
|
|
| Almshouse |
|
2,220,251 |
401,072 |
3,649,313 |
| Relief In Need |
|
1,401,816 |
406,542 |
|
| Designated funds |
|
|
|
|
| ExtraordinaryRepair Fund |
|
94,422 |
|
94,422 |
| Restricted funds |
|
|
|
|
| TwoF01d Trust Fund |
|
|
2,573 |
2,573 |
| TOTAL FUNDS |
1 027 990 |
3 716 489 |
810 187 |
5 554 666 |
|
2025 |
2024 |
| INC0ME AND ENDOWMENTS |
|
|
| Donations and legacies |
|
|
| Donations received |
9,350 |
9,350 |
| Investment income |
|
|
| Rent received |
72,520 |
72,990 |
| Dividends |
82,167 |
88,253 |
| Deposit account interest |
4,924 |
2,750 |
| Liquidity fund portfolio interest |
26,147 |
30,190 |
|
185,758 |
194,183 |
| Charitable activities |
|
|
| Maintenance charges |
181,873 |
163,900 |
| Property income |
54,596 |
45,606 |
|
236,469 |
209,506 |
| Total incomingresources |
431,577 |
413,039 |
| EXPENDITURE |
|
|
| Investment management costs |
|
|
| Brokers costs |
7,469 |
7,437 |
| Property agentfees |
|
4,680 |
| Repairsand refurbishments to property |
1,095 |
1,260 |
|
8,564 |
13,377 |
| Support costs |
|
|
| Management |
|
|
| Wardens salaries andpension |
33,757 |
31,643 |
| Recruitment fees |
|
|
| Rates and water |
4,652 |
3,841 |
| Insurance |
8,901 |
8,018 |
| Lightand heat |
29,729 |
24,728 |
| Telephone |
2,018 |
1,975 |
| Sundry expenses |
8,394 |
5,117 |
| Repairs and refurbishments to property |
100,366 |
174,667 |
| Property agentfees |
15,742 |
7,170 |
| Alarm costs |
4,079 |
3,238 |
| Careline costs |
983 |
872 |
| Gardenmaintenance |
75,346 |
19,286 |
| Gifts |
26,432 |
16,028 |
| Grants and donations |
35,350 |
58,000 |
| Revaluationsto property |
|
|
|
345,749 |
354,583 |
| Finance |
|
|
| Bank chargesand interest |
959 |
1,026 |
|
2025 |
2024 |
| Governance costs |
|
|
| Clerkand assistant clerk |
30,602 |
39,020 |
| Accountancy |
17,177 |
|
| Audit fees |
7,200 |
5,400 |
| Legal and professional fees |
3,015 |
3,060 |
|
57,994 |
47,480 |
| Total resources expended |
413,266 |
416,466 |
| Net income/(expenditure) before gains and losses |
18,311 |
(3,427) |
| Realised gains/(losses) on fixed asset investments |
617 |
2,776 |
| Unrealised gains/(losses) on fixed asset investments |
293,164 |
444,757 |
|
293,781 |
447,533 |
| Net income/(expenditure) |
312,092 |
444,106 |