The Almshouses and Hospital of Miss Ann Bearpacker
Trustees Report and Unaudlted Accounts
Charity number: 238708
31 December 2024

Contents
Reference and Administrative Details
Trustees Report
Independent Examiner's Report
Statement of Financial Activities (including Income & Expenditure accountl
Balance Sheet
Notes to Financial Statement

REFERENCE AND ADMINISTRATIVE DEfAIiS
Charity Number
238708
Trustees
The following trustees served during the year..
A Bell
R Bernays
S Dove
L Hewi5h (Chairman)
D Moss
G Wedlake
L Leyland
Ireslgned I. July 20241
lappointed 30thJuly 20241
Key Management Personnel
Chair
Clerk to the trustees
Rerfd Lesley Hewish
Teresa Pottinger
Prlnclpal place of buslness
6 Holywell Road.
Wotton-under-Edge
Glos.
GL12 7NJ
Independent Examlner
Mrsj Roberts
Willow Accountancy Ltd
Wlllow Cottage
Valley Road
Wotton-under-Edge
Glos.
GL12 7NP
Bank
Lloyds Bank
P.0. Box 1000
Andover
BXI ILT

TRUSTEES REPORT
The trustees present their report and financial statements for the year ended 31 December 2024.
OBJEcfivES AND AcfiviTIES
To provide accommodation for ten elderly. independent inhabitants lor close relatives of
inhabitants) of the Parish of Wotton-under-Edge and members of the Church of England.
To maintain the ten cottages and gardens that comprise Miss Ann Bearpackerfs Almshouses.
Achlevements and performance
2024 has been yet another year of changes for the residents and trustees of the Ann Bearpacker
Almshouses. One of our lady residents moved away to live with her family and we were all very
saddened by the sudden death in October of one of our male residents, leaving only 8 of the 10
cottages occupied at the end of the year.
This has given us an opportunity to revaTnp the cottages ready for two new residents. one male, one
female, recruited and expected in the January and March 2025. The residents continue to be se5f-
sufficient and care and look out for each other. The cottage5 are kept in good order by the residents
and maintained by Glenn Wedlake and Leigh Leyland, our new Trustee who replaced Glenn after
many years of seNice. Glenn continues to be our Gardener and remains the residents on call
contact. There have been no major building works this year but lots of maintenance and
redecorating jobs to keep them bu5Y.
Easter is a time of giving and the resident5 were delighted as always to receive their golden
chocolate bunnies. We had a very jolly Christmas with a residenvs and Trustee lunch at The Fleece
in Hillesley and an evening when the Cubs and Beavers came carol singing finishing with hot
chocolate and more singing in the church around the tree.
We currently have five trustees Alan Bell, Robert Bernays, Sharon Dove, Leigh Leyland and Dot Moss
with our chair being Rerfd Lesley Hewish. We are currently seeking one new trustee.
STRUCWRE. GOVERNANCE & MANAGEMENT
The Charity was founded in 1836 by Miss Ann Bearpacker. It is governed by a deed of trust granted
on 07102/1838 and by the Charity Commission initially on 1110711916 with further updates as
required by the commission.
Trustees are appointed at any of the four general meetings by agreement of the Chairman and
existing trustees. The Chairman is the Vicar of The Parish of St Mary the Virgin.

FINANCIAL REVIEW
Income is received in the form of monthly maintenance payments from the residents. Larger
projects are funded from accumulated reserves. No major transfers from reserves were required
this year.
The walk-in shower was not required by the resident this year but may be required by
different resident in the future.
The cost of the kitchen refurbishment was undertaken to one property well within budget
and completed in 2025 with the addition of electrical sockets to three other cottages. The
revamping of the vacant properties was covered by the funds in the Lloyds Current Account.
The property was revalued by our insurers during the year. This has glven rise to a
significant increase in the value of our assets. We intend to re-assess the value at least
every five year5 going forward to ensure the accounts and insurance cover is current and
adequate.
The Budgeting from 2024 and forecast for 2025 indicated a significant increase in the rise of
energy and maintenance costs. Therefore. the weekly maintenance payment was agreed to
increase from January 2025 by 5%.
Specific expenses in 2025 are likely for:
Masonry repairs on the rooys numbers I to 4. where the caNed stone copings are being
affected by the weather and beginning to fall away. We are colletting quotations for the
work to happen in 2025 approximating to £lO.000.
Potential damp issues are being monitored and addressed in number 5 and number 10,
end of terrace cottages. Whilst vacant. internal walls are being addressed during 2025.
Drainage improvements to number 10 are planned and being discussed for number 5 in
2025.
The boiler in number 10 was serviced and works well, however due to its age it may need
replacing in 2025.
The implementation of a payroll system for the Clerk to the Trustee5 will require a small
ongoing expense from April 2025.
The Charity does not actively raise funds from the public.
The Charity made a surplus of£ll,881
Reserves Pollcv
Attumulated surplus are held in COIF Charities Deposit Fund accounts for future large-scale repairs
and maintenance of the properties.
Golng Concern
At the time of approving the financial statements the Trustees have a reasonable expectation that
the charity has adequate resource5 to continue in the operational existence for the foreseeable
future. Thus, the Trustees continue to adopt the going concern basis of accounting in preparing the
financial statements.

STATEMENT OF TRUSTEES RESPONSIBILMES
The charlty trustees are responsible for preparing a trustees annual report and financial statements
in accordance wlth applicable law and United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Practice).
The trustees are responsible for keeping proper accounting records that disdose with reasonable
accuracy at any tlme the flnancial position of the charity and to enable them to ensure that the
financlal statements comply with the Charlties Act 2011, the applicable Charities (Accounts and
Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for
safeguarding the assets of the Charity and hence taking reasonable steps for the prevention and
detectlon of fraud and other irregularities.
Signed on behalf of the Charitvs trustees
Signed ...
Re¢d Lesley Hewish (Chair of trustees)

The Almshouses or Hospltal of Miss Ann Bearpacker
Independent E)Kamlners Report
Independent Examlner's Report to the trustees of The Almshouse5 or Hospltal of Mlss Ann Bearpacker
I report to the trustees on my examination of the financial statements of The Almshouses or Hospital of Miss
Ann Bearpacker forthe year ended 31 December 2024.
Respon51billtles and basls ol report
As the charity's tT¥JStees you are responsible for the preparation of the financial statements in accordance
with the requirements of the Charities Act 2011 l*he Act'l-
I report in respect of my examination of the ¢harity's financial ststements carried out under sertion 145 of
the 2011 Act and in carying out my examination I have followed all the applicable Directions given by the
Charity Commission under settion 1451511bl of the Act.
Independent examlnerfs statement
I have completed my examination. I can confirffl that no material matters have come to my attention in
connection with the examination giving me cause to believe that in any material respert:
• the accounting records were not kept in respert of the charity as required by section 130 of the Art- or
• the financial statements do not accord with those records; or
the financial statements do not comply with the applicable requirements concerning the form and
content of financial ststements set out in the Charities (Accounts and Reports) Regulations 2008 other
than any requirement that the financial statements give a 'true and fair. view which is not a matter
considered as part of an independent examination.
I have no concerns in connection with the examination to which attention should be drawn in this report in
order to enable a proper understandin8 of the financial statements to be reached.
• I would note that a large revaluation of PToperty has taken place this year and is based on a verbal
valuation by a local estste agent. As no written confirmation was received I have been unable to verify
this. The reason for this verbal onty valuation was financial, so I have no reason to doubt the accuracy of
the valuation.
LL)LCg '
Mrs J Roberts ACMA Ichartered Institute of
Management Accountants)
Willow Accountancy
Willow Accountancy Ltd
Willow Cottage, Valley Road
Wotton Under Edge
Glos
GL12 7NP
03 September 2025
Page 7

The Almshouses or Hospitsl of Mlss Ann Bearpacker
Statement ol Nnancial Artlvltles
for the year ended 31 December 20Z4
Unrestrirted
funds Total funds Total funds
2024
2024
2023
Notes
In¢ome and endowments
Donations and legacie5
Investments
Other
50
50
9,395
30,525
9.395
30.525
7,736
32,146
Total
39.970
39,970
39,882
Expendlture on:
Other
28,089
28,089
28.089
26,896
Total
28,089
26.896
Net gains on investments
Net Income
11,881
11,881
12.986
Transfers between funds
Net Income beft>re ¢)ther
8alnsllk>s5esl
11,881
11.881
12,986
Other 8alns and1055es
Losses on revaluation of
fixed assets
1206,7191 {206,7191
Net movement In fvnds
{194,8381 1194.8381
12,986
Reconcillatlon ot funds:
Total funds brought forward
716.455
716.455
703.469
Totsl funds carrfèd forward
521,617
521.617
716,455
Page 8

The Almshouses or Hospltal of Mlss Ann Bearpacker
Balance Sheet
at 31 December 2024
Charfty No. 238708
2024
2023
Flxed assets
Tan8lble assets
305,250
305,250
511,969
511,969
Current assets
Cash at bank and in hand
216,367
216,367
216,367
521,617
521,617
204,486
204,486
204,486
Net current assets
Total assets less current liabilities
716,455
Net assets exduding pension asset or Ilability
716,455
Total net assets
521,617
716,455
The funds of the charlty
Unrestrfcted funds
General funds
Designated funds
51,951
164,416
40,070
164,416
216,367
204,486
Reserves
Revaluation reserve
305,250
305,250
511,969
511,969
Total funds
521,617
716,455
Approved by the trustees on 15 September 2025
And signed on their behalf by:
L. Hewish (Chairman)
Trustee
15 September 2025
Lk
Page 9

The Almshouses or Hospital of Miss Ann Bearpacker
Nijtes to the Accounts
for the year ended 31 December Z024
l Accountlng pollcles
Basls of preparatlon
The financial statements have been prepared in accordaftce with Statement of Recommended PraLtice:
Accountin8 and Reportin8 by Charities preparin8 their accounts in atcordano with the Financial
Reportin8 Standard applicable In the UK and Republic if Ireland IFRS 1021 issued on 16 July 2014 and the
Financial Reporting Stsndard applicable in the United Kingdom and Republic of Ireland IFRS 102} and the
Charities Act 2011.
Change In basls of accountlng or to prevlou5 accounts
There has been no change to the accounting policies Ivaluation rules and method of accounting) since
last year and no changes have been made to accounts for previous years.
Fund accounting
Unre5trirted funds These are available for use at the discretion of the trustees in furtherance of the
general objects of the charity.
These are unrestrirted funds earmarked by the trustees for particular purposes.
These are unrestricted funds which include a revaluation reSe￿e representing the
restatement of investment assets at their market values.
These are available for use subject to re51rictlons imposed by the donor or through
temis of an appeal.
Designated funds
Revaluation funds
RestrKted funds
Income
Recognition of
income
Income is included in the Statement of Financial Activities ISOFAI when the chartrty
becomes entitled to, and virtually certain to receive. the income and the amount of
the income can be measured with sufficient reliability.
lllcome with related Where income has related expenditure the income and related expenditure is
expenditure
reported gross in the SOF
Donations and
Voluntsry income received by way of 8rants, donat￿n$ and gifts is included in the
the SOFA when receivable and only when thecharity has unconditional entitlement
to the income.
Tax reclaims on
Income from tax ￿claIMS is included in the SOFA at the same time as the
donations and gifts giftldonation to which it relates.
Donated services
These are only included in income (with an equi¥alent amount in expenditure}
and facilities
where the benefrt to the Charity is reasonably quantifiable. measurable and
material.
Volunteer help
The value of any volunteer help received is not included in the accounts.
Investment income This is included in the accounts when receivable.
Gainslllossesl on
This includes any gain or10ss resulting from revaluing investments to market value
revaluatlon of fixed at the end of the year.
assets
Gainslllossesl on
investment assets
legacies
This includes any gain or loss on the sale of investrnents.
Pa8e 10

The Almshouses or Hospital ot Mlss Ann Bearpacker
Notes to the Accounts
Expendlture
Reco8nition of
expenditure
Expenditure is recognised on an a cash basis. Expenditure includes any VAT which
cannot be fully recovered, and is reported a5 part of the expenditure to which it
relates.
Expenditure on
These comprise the costs associated with attracting voluntary income, fundraising
raising funds
trading Costs and investment management costs.
Expenditure on
These comprise the costs incurred by the Charity in the delivery of its activities and
charitable artivities services in the furtherance of its objects, including the making of grants and
governance costs.
All grant expenditure is accounted for on 3n actual paid basis plus an accrual for
grants that have been approved by the trustee5 at the end of the year but not yet
paid.
These include those costs associated with meeting the constitutional and statutory
reqU1￿MentS of the Charity, including any auditlindependent examination fees,
costs linked to the strategic management of the Charity. together with a share of
other administration costs.
These are support costs not allocated to a particular activity.
Grants payable
Governance costs
Other expenditure
Taxation
The charity is exempt from tax on its charitable activities.
Freehold investment property
Investment properties are measured initialW at cost and subsequently at fairvalue at each balance sheet
date antl are not depreciated. All gains or losses are taken to the Statement of Financial Artivities as they
arise.
Trade and other debtor5
Trade and other debtor5 are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equlvalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other
short-term highly liquid investments with original maturitie5 of three months or less and bank overdrafts.
In the ststement of financial position, bank overdrafts are shown within borrowings or current liabilities.
In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are
repayable on demand and form an integral part of the company's cash mana8ement.
Trade and other tredltors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised
where the charity has a present obligation resulting from a p3st event that will probably result in the
transfer of funds to a third party and the amount due to settle the obligation can be measured or
estimated reliably. Creditors and provisions a￿ norm8lly recognised at their settlement amount after
allowing for any trade discounts due.
Receipt of donated goods, facillties and services
All donated goods, facilities and services received are recognised within incoming resources and
expenditure at an estrmate of the value to the charity.
Page 11

The Almshouses or Hospltal of M155 Ann Bearpa¢ker
P4otes tothe Accounts
2 lficorne from donatlons and lepcles
Unrestrfrted
Tolal
Totsl
2024
2023
Donations from residents
50
50
3 Inu>me from Investments
Unrestrlrted
Total
Total
20Z4
2023
Interest received
9,395
9.395
9,395
9,395
7,736
7,736
4 Other Income
Unrestricted
Total
Total
2024
2023
Maintenance ContribLrtions
30.525
30,525
30,525
30,525
32,146
32.146
5 Other expendlture
Unrestricted
Total
Totsl
2024
2023
Employee costs
Premises Costs
21,708
2,277
21,708
2,277
23,388
1.104
360
Genefal administrative costs
Legal and professional costs
28,089
28,089
26.896
Page 12

The Almshouses or Hospital of Miss Ann Bearpacker
Notes tothe Accounts
6 Trustee remuneration and expenses
One or more of the trustees has been paid expenses in the current or prior periods.
2024
2023
Number
Nurnber
Number of trustees paid expenses
The nature of the reimbursed expenses
Trustees are reimbursed for out of pocket expenses
incurre(i exclusively forthe purpose of the Charity. Mr G
Wedlake (Trusteel was paid £770 for expenses and £6.960
for setvices12023- £1,019 & £9,017) in the period for
maintenance of the properties and 8ardens plus
asslxiated expenses. Mr L Leyland was paid £254 for
expenses and £1,831 for Services in the period for
maintenance of the properties.
Total expenses reimbursed to tnjstees
9.886
10.314
7 stsff costs
2024
2023
Salaries and wages
2,044
No employee received emoluments in excess of £60,000.
8 Taftglble fixed assets
Cost or revaluation
At l January 2024
Revaluation
At 31 December 2024
511,969
511,969
1206,719) 1206,7191
305,250
305.2SO
Net book values
At 31 December 2024
At 31 December 2023
Net book values of assets
held under flnance leases
nd hlre purchase contracts
and Induded above
305.250
511,969
305,250
511,969
The property has been revalued to reflect a verbal valuation confimied byj Ashton MNAEA
Page 13

The Almshouse5 or Hospltal of Mlss Afin Bearpacker
Notes to the Accounts
9 Movement In funds
Incomlng
resour￿5
Atai
Decernbef
{Indudin8
other
At l January 8ains/losse5
2024
Resources
expended
2024
Restrlcted tunds:
Unrestrirted funds:
General funds
40,070
39,970
128,089}
51.951
l)esignated ￿nds.
Cyclical Maintenance Fund
Extraordinary Repairs Fund
Total
133.525
30.891
133,525
30,891
164.416
164,416
Revaluatlon Reser¥es:
Revaluation fund
511.969
1206,7191
1206,7191
305.250
Total revaluotion reserves
511.969
305,250
Totsl fvnd5
716,455
1166.7491
128,0891
521,617
Purposes and restrirtions in relation to the funds:
Revaluation reserves
Represent the amount by which investments exceed their historical cost.
The property has been revalued based on a verbal valuation by a local
estate agent. The Valuation was based on a IO% yield on experted
income.
Deslgnated funds:
Cyclical Maintenance Fund Periodic repair and maintenance of property
Extraordinary Repairs Fund Substantial repair and maintenance of property
10 Analysls of net assets between funds
Unrestrlrted
funds
Restrfrted
funds
Totsl
Fixed assets
Net current assets
305,250
172.840
478,090
305,250
216,367
521.617
43,527
43,527
Page 14

The Almshouses or Hospitsl of Miss Ann Bearpa¢ker
Notes tothe A¢¢ounts
11 Recondllatlon of net debt
At31
December
2024
At l January
2024
Cash flows
Cash and Cash equivalents
204,486
204,486
11,881
11,881
216,367
216,367
Net debt
204,486
11,881
216,367
Page 15