## 

## 

||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<br>Need|Extraordinary<br>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<br>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<br>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<br>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|