2024-09-30-accounts - William Paulett

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CHARITY COMMISSION FOR ENGIAND AND WALES Trustees, Annual Report for the period 1•1 October 2023 To 30th Septsmber 2024 William Paulett Charity From Charity name: Charity reglstratlon number: 238948 Objectlves and Activities SORP iefernnce Para 1.17 Summary of the purposes of the charty as set out in its goveming document The William Paulett Charity provides and maintains ten almshouses for elderly poor persons from the parish of Stogursey and area of benefit. The charlty derive5 its incorne from Weekly Maintenance Contributions IWMCS) from residents and dlvidends from the charhtrfs Investments. Income is used to cover expenditure In admSnlstrating. malntalnin& refurbishin8 and upgradlng the almshouse5 both by a planned schedule and as uired, Trustees adhere to the guldance issued by the Charity Commisslon on public benefft. For the Charitvs purpose. 'the public, are the almshouse resldents, our beneflciaries. Summary ofthe main activities in relation to those purposes for the public benefit, in particular. the activities, projects or servi8 identified in the accounts. P*rg 1.17 4nd 1.19 Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit Pari 1.18 Additional Inforniation (optlonall You ma oose to include further statements vther8 relevant about". SORP r•Were Pala 1.38 Policy on grant making Policy on social inveslment including program related investment Contribution made by volunteers other NIA NIA P•ra 138 Par8 1.38 NIA NIA lof8

Achievements and Perfonnance Summary of the main achievements of the chwity. identfying the drfference the tharity's work has made to the circumstances of its beneficiaries and any wmler benefits to soaety as whole. P8A 1.20 The charity maintains a schedule of improvement vrkS forthe almshouses to ensure, to the best of its financial ability, that residents benefit from the best possible living standards. This year, works have induded. Repalrs Maintenance & Refurblshment Works Minor repairs to the lawn mower Repairs to a TV aerial Restorative works to an Almshouse living room and another Almshouse bedroom with evidence of water damage. includin8 wallpaper removal. re-plasterin& and redecoration using rnould-resistant materials Replaced or repaired faulty taps, locks, light fittings, and a banister. Replaced smoke detectors in various Almshouses and reprogrammed storage heaters were required Replaced faulty bathroom extractor fan Replaced all tiles In one Almshouse kltchen Repaired and redecorated a storm- damaged area of an Almshouse building Coated the Almshouse exterior with weather-resistant materials and repointed and repaired pavers where necessary Organised the replacement of a faulty meter Organised tree redurtion and branch removal for encroaching trees Exterior works to an Almshouse boundary wall and rustin8 bead5 above three windows due to water damage Interior plastering works in a property and a shared hallway due to water damage Maintenance of guttering and foliage removal across Almshouses 2of8

Surveys. Inspectlons & Reports A range of surveys were completed this vear. These include; Portable appliance testing in all Almshouses Annual fire equlpment safety check Aftnual financial audit of the charity Annual stairlift safety check and servlce In addltion, the trustees completed their annual visit to meet with all residents, cornplete their audit and discuss any bulldln& Safety. or other concerns. In addition, the charity; Conducted the annual policy review. External factors resulted in changes to six pollcles. Submirted on timethe annual reports x 3 requlred bythe Housing Ombudsman. Keeps in regular contact with resldents and elther provides or si8n-post5 further 5ervlces where requlred Addltlonal Inlomiallon (optlonal) You ma choose to include further slatements where relevant about.. AchieveTnents again8t Pllfa 1.41 NIA objectives sel Performance of fundrai8in9 activrties against objedives set Investment perfomance against obJ"ectives NIA Para 1.41 Investment income ha5 increased this year following the charity's portfolio review. other NIA 3of8

Financial Review Review of the charity's financial position at the end of the period Para 1.21 The financial position at the end of the year was better than expected due to prudent mana8ernent of the budget and expenditure whilst continuing to maintain and refurbish the Almshouses. The charity has a Reserves Policy. and takes the view that reserves are essential to maintain the on8olng viability of the charity. General Fund: £388,485 Extraordinary Repairs Res.. £33,748 Charitable Fund Property Reserve: £44.584 NIA statement explalning the policy for holding reserves stating why they are held 1.22 Amount of reser¥es held Para 1.22 Reasons for hold5ng zero reserves Details of fund materially in deficit Èxplanation of any uncertainties about the charity Continuing as a golng concern Para 1.22 Parn 1.24 NIA Parn 1.23 NIA Additional Infomiatlon (optlonal) You maLchoo8e to include further Statements where relevant about.. The charity's principal Para 9.47 Weekly Maintenance Contributlons from SOUrS of funds (including the Residents and dlvldend Income from any fundralslng} investments. Investment policy and objectives including any social investment policy adopted PRrn 1.46 The charltls Investment Pollcl states that the objective of Investments Is to generate a sustalDable return to help deliver the objects of the Charitv. Risks are regularly reviewed and managed throu8h the charitrfs Rlsk Management Pollcy. A descrlption of the principal ri8ks facing the chanty P¥0 1.46 NIA Other 4of8

Structure. Governance and Management Description of charity's trusts.. Type of governing document PaTr 1.25 Charity Scheme document 1978, and amendment 1996. Registered Charitv How is the charity constituted? le.g unincorporared association. CIOI Trustee sebection methods including details of any consts'tutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees Porn125 Par8 1.25 Nominated Trustees appointed by StO8ursey Parish Council on a term of 4 years Co-opted Trustees appointed on a term of 5 years, and who. through residencv, occupation employment, or otherwise. have specific knowledge or connection to the Ancient Parish of StO8ursey andlor area of benefit. Additional inforniatlon (optional) You ma choose to include further gtalements where relevant about.. PolicEs and procedu Up-to-date guidance taken from the adopted for the induction Almshouse Association'5 Standards of and training of trustee5 Almshouse Management. together with an Induction Policy and processes tailored to the charity Pwr8 151 The charity's organisational structure and any widèr nefvlork with which the charit works Relationship with any related parties ParA 1.51 NIA Porn 1.51 NIA Other Reference and Administrative details Charity name Other name the charity uses Registered Charity number Charity's registered address William Paulett Charity NIA 238948 21 Hi8h Street Stogursey TA5 IPL 5of8

Namos of thè eharfty trustses who manage tho charlty Dates actsd If notforwhole o•r Trust•• name Offico lif any) N•m• of p•r80n lor botyl •ntitlgd int trusts• Ifa StO8ursey Partsh Council Allan Searle Chair Stephen Stoneham Michael Gardner Vice Chair Stogursey Parish Council Stogursey Parish Council Catherine Hawkins Resigned 09.05.24 Brandon Hall Julie Jones StO8ursey Parish Councll John James Robert Clarke Appointed 17.06.24 rate trustees- name5 of the dlrectors at the date the r8 DlrnGtor n*m• ortwasa roved NIA Nome of tNstees holding title to property belonglng to the charity Trustée Mm• Dat•• •¢t•d If not for whol• N/A 6of8

Funds held as custodian trustees on behalf of others Description of the assets NIA held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian chanty's obj'ects NIA Details of arrangements for safe custody and segregation of suth assets from the charlty's own assets NIA Additlonal Infomiation (Opllonal) Names and addre8So$ of advisors (Optional Inforniatlon) Type of Name Addre$8 advis•r NIA Nama of chlef executlve or names of $enlor Staff members {Optlonal Infomiatlon) NIA Exemptions from dlsclosure Reason for non-di8closurn of ke fsonnel details NIA other optional information NIA 7of8

Declarations Tho trustoos declarè that thoy hav• approv th• trustsos. report above. sIgn on behalf of the charlty's Irustees Signature(s) Full namels) PosStion (eg Secretary. Chalr, etc) TsILL Date 8of8

REGISTERED CHARITY NUMBER: 238948 rt of the Trustees and Unaudited Financial Stat¢m¢nts for the Year Ended 30 Se tember 2024 William Paulett Maxwel Chartered Aecountsnts 4 King Square Brid8wat¢r Somerset TA6 3YF

William Conients of the Financisl Statements Page R¢f¢renGe omd Administrative Detsils Report of the Tnjstees Independent Examin¢Vs Report Stst¢rn¢nt tsf Fi]wKia] Activiiies Balance Sheet Notes to the Financial Stat¢m¢nts 7 to 12 Detailed Statemeni of Financial Activities 13

Referen¢¢ and Administrative Details r 2024 TRUSTEES Mr A H SeaTle Chairman Mr M Gardner {re5igned 13.12.24} C Hawkins (r¢signe419.5.24) Mr S J Stoneh4m MrJGMJames Mr B Ha]1 Mrs J E lones Mr R W J Clarke (appointed 17.6.24) PRINCIPAL ADDRESS 21 High Street Stogursey Bridgwat¢r Somerset TA5 IPL REGISTERED CHARrrY NUMBER 238948 INDEPENDENT ExA(lNER M&Ywells Chart¢r¢d A¢¢ouDtaDts 4 King Square Bridgwater Somerset TA6 3YF BANKERS CAF Bank 25 Kings Hill Av¢nu¢ Kings Hill West Malling Kent ME19 4TA Pa8¢ 1

vrilli P for ihc Year E The pr their Tepwt with tho fiDallci 3tanxDts of the Lknity for the y¢JT eDded 30 Septethr 2024. The truslee$ hav¢ the PTOWiSiQD5 of A0tiD8 a{ Rwrtin¥ by arItie&. StsTheDt of Rec0TDll Praai plicuble lo c11t1¢¥ pretwing their aOnIs in Jworthnce with thE FiDaNcid RqAxl&o8 Sthndard app]irable in the UK and liepubli¢ of Ireland (FRS 102) (¢fftsve l Juary 20191 OBJECTIVES AND ACTIVITIES Objedlves Clwhlbk thetlvld Main adivities h&ve beenw 4dow)ister 4Th1 the ¢kn7ty and the ch1$ propety in with the T Detd. Tbe Iwilditw bav¢ been mailltaiaed a1 insured as appropriat¢, InYestllnts Tr¥e Jwnitor•l. INANCIAL REVtEw ReJ¢TV¢S p•liry The Trltstttg on rtterves 15 to etmlle ther¢ Bre Sufficie fre fitymb available. after mcetinE COMI •ad veriftg p]anned cxp¢Thlitu in otderto provAd¢ forplalln itffjwvements or utwxpe¢t¢d rq>Aire05ts in th¢ fikn. sTrUVIlE. COVERNANCE AND MANACEMENT Governiffig dOe#tI The tharity is ¥ov¢rne4] by a Sehenw of R¢&vlation urth the Clwilies Ari 1993 dated 27 J¥Jly IY18, 85 by A hern¢ $YAled 30 W 1996. Th¢ JiOr riskB to which charity is exp)se4 J# Idelfied by the ttu&txy, h•ve beeo Th1Ord afyj Systems bave bxn tsb11s1 ro rniti8a¢e ri5k5. *.. -..3..:..2p.2<.... and si] its behAlfby: hppTovuI byorder of the IxJ•xd of tstees on.. . r A H Seark- Trnste¢

Inde ndcnt Examinces RE willia Paulett rt to the Trust¢¢s of Independent examiner's report to the trustees of Willigm Paulett I report io th¢ ¢harity trust¢es on my examination of the accounts of William Paulett (the Trnst) for the y¢ar end¢d 30 September 2024. Responsibilities and b•$i$ of report As th¢ ¢harity truslees of the frust you are responsible for the pr¢paration of th¢ accounts in ¥ccordaDce with the requirements of the Chariiies Act 2011 {'th¢ Act'l. I report in respect of my examinatioth of the Tnt'S account5 carried out under Section 145 of the Act and in can)ryng out my examination I have followed all applicable Directions givett by the Charity Commission under Section 14515)Ib} of the Act. IDdeptndent ¢xaminer'5 St8temeDt I have completed my ¢xa]TJination. I ronfirn that no material matters hav¢ ¢om¢ to my ¥tt¢ntion in conneclion with the examination giving me ¢au$e to b¢li¢ve that in any material respect.. attounting records wer¢ not kept in respect of the Tn]st required by Section 130 of the Art. or the accounts do not accord wilh th0 records., or the accounts do thot comply with ihe applicable requirements concernin8 the fonn and ctsrtt¢Tht of aceounts set out in the Chariiies (Acwunts and Reports) Regulations 2008 other any requirem¢ni that ihe accounts give a th]¢ aThJ fair view which is not a matter considered as part of an ind¢pend¢nt examination. I bay¢ no concerns alhd have come across no other mattets in conne¢iion with th¢ ¢xamination to which attention should be drawn in thi5 report iti order to enable a proper Understing of the aOllnts to be reached. Mrc N Ha]l-Tomkin FCA MaxTrY¢lls Charter¢d AccouDtaDts 4 King Square Bridgwdter Sorn¢rset TA6 3YF 713(rf Page 3

William Paulett Statement of 30.9.24 Totgl nd5 30.9.23 Total fi]nds Unrestricted fijnds R¢sth¢t¢d fund Not¢s INCOME AND ENDOWMENTS FROM Investmertt income 42.839 42J39 37,705 EXPENDITURE ON CbAritble actlvities Managem¢n¢ 8,846 20,182 3.841 S46 20.182 3J41 7.567 20.306 3,859 2,962 Maintenance SeTvi¢e$ GoYeman¢¢ ¢o$ts Total 32,869 32069 34,694 Nei gains on investments 28,526 28,526 21,003 NET INCOME 38,496 J8,496 24,014 RECONCILIATION OF FUNDS Total funds brought forward 428J21 428J21 404J07 TOTAL FUP4DS CARRIED FORWARD 466,817 46617 428,321 The notes form part of these financial statements Page 4

William Paulett Balance Sheet 30.9.24 Total funds 30.9.23 Total Unrestricted funds Restricted nd Notes FIXED ASSETS Tartgible assets Investments 261.426 313.IIH 261A26 313,104 248.613 236,578 574.530 574530 485,191 CURRKf4T ASSETS Debtor5 Cash at bank 250 46.774 439 96,944 41774 47,024 47,024 97 J83 CREDITOIIS Amounts falling due within one year (3,990) (3J9O) (3,506) NET CURRENT ETs 43.lJ34 43,034 93.877 TOTAL ASSETS LESS CURREiYr LIABILITIES 617.S64 617J64 579.068 CREDITORS Amounts falling due afier more than one year 10 {15O,747) (150,747) (150,747) NET ASSETS 466,817 466.817 428.321 The notes fom) part of th¢s¢ fillan¢ial statements P4ge 5 C4)ntinued...

WilliBm P4uL¢# Bala 30 Se t¢Enb2r 20 12 General furLd 349.989 33.748 44.384 33,748 Chritable Fund Property R¢8¢ry¢ 166817 428J21 TOTAL FUNDS 428J21 firAwial st•teme¥ts were approved by the Bowrd of TnJ#eeR athOri1 for issue on ........ . ..... ... aThl wtte Si9a its tdwlf by, Mr AH Sark. Truste¢ B Hall- TMtste¢ S J Swkn. Ttwiee Th¢ oows fmi part of th¢s¢ fiD*ttial 51ai¢mcftti P8y6

William Paulttt Notes to the Financial Statements for the Year Ended 30 Se ber 2024 AccouffflNG POLICIES Basls of preparing ¢h¢ fw•ncial $tst¢in¢Dts The fjnan¢ial staten]ents of the cbarity. which is a public benefit entity under FRS 102. have been prepared ac¢oidan¢e with the Charities SORP (FRS 102} 'Accountin8 md Reporting by Charitie5'. Statement of Re¢omm¢nd¢d Practice applicable to charitie5 preparin8 their a¢t4)unts in a¢¢ordan¢e with the Financtal Reporting Stsndard appli¢abl¢ it) the UK and Republic of Ireland {FRS 102) (effective l January 2019),. Fin•n¢ial Reporting Standard 102 The Financial Reporting Stsndard applicable in the LtK and Republi¢ of Ireland, and the Charities Act 2011. The finan¢ial stal¢m¢nts h&v¢ been pr¢pared under the histOTical cost eonvention. with the exception of inv¢stm¢nts which ore included at market Yalue. as modified by tbe revaluatio of certain assets. Changes accounting policies Fix¢d as5¢t invesknenls are ro be valued at fair value (market value} at the rep)rting dat¢ inline th¢ Charity SORP. Income All income is rKognis¢d in the Statement of Financial Activitie5 once the charity has entitlement to the fimds, it is probable that the income will be received and the amount be measured r¢liably. Tumover r¢pr¢s¢nts maintenance contributions rectived. Expenditure Liabilities ar¢ re¢o8ni5ed as expenditure as soon tljere is a legal or constntiYc obligation wmmitting the charity to tbat expendiiur¢, It is probable that a transfer of ¢¢onomi¢ benefits will be required in 5ettlernent and the amount of the obligation can be measured reliably. Expenditure is accounted for ots att a¢¢ryais basis and ]¥s been cl&ssified under hesdings that aggregate all rost related to the ¢ategory. Wher¢ costs cannot be dIrety attributed to pani¢ylar headings th¢y hay¢ b¢en allocated to activities on a basi5 COnSlStent the use of resou¢$. Houylng propertlts (freehold) There is no record of the origina] c05t of William Paulett's ¢hariry almshouses. The housing properties wst releS to an amount which view of the Trustees is not mor¢ than th¢ n¢t book value ofthe properties which are ¢urrently iThsyred £984.758. As the properties are maintained in a state of repair such that their estimated residual value is not less than their improvement cost or caryin8 value. the annual ¢harge for depreciation would be nil. So¢il Housing Grant Social Housing Grant (SHG} was paid by the Housing Corporation to r¢dllce the eost of development. Th¢ grant is repayable 81 su¢h time &$ ihe Almshous¢s ar¢ sold Th¢ wt is th¢refore shown a long t¢rm loan. T•Dgible red sets Depreciation is providd at th¢ following aDnual rat¢s in order to MTile off each asset over its ¢5tiTnat¢d life. Fixtur¢$ and fJttin8S 1096 on cost TiatitsL The charity is ¢x¢mpt from tax on its clMritsble aetiwties. V*ltht Added Tax William Poul¢tt's ¢h8rity is not register¢d for Value Added T&x. In these financial stst¢ments, wh¢r¢ appli¢abl¢, ¢xp¢nditur¢ is Shown inclusive of VAT. Fnd 4ccollnting Unrestricted funds call bc used in accordance with the charitabl¢ objectiv¢5 at th¢ discretion of the frustees. Page 7 continued...

William Paulett No¢es to th¢ Financial Ststements. continued for the Yew End¢d 30 Se r 2024 ACCOiJNTING POLICIES- ct)ntinMe Fulld a¢¢ollntiDg Restricted funds can onty be ustd for patti¢ular restri¢ted purposes rythIn the objects of the charity- Restrictions ise when $pe¢ified by the dthjor or wljen fvnds are rdised for particular restricted purposes. Further explanaiion of the nature and purpos¢ of each fund is Inc]led in the notes ts the financial s¢MentS. Extr&ordingry repairs Costs of extraordinary repairs. unless repr¢sentin& improvem¢nts to the ptopertie5. are dw8ed the Revenue A¢count in ¢he y¢4r ID which they are incurred. xtrdordinary Repairs Reserye This revcnue Tesetve represents aK)Unts set &%ide to cany out major repait3 to Housing Prop¢rti¢5. Ch#ritablt Fund Property Reryt Thi5 represents that proportion of the c05t of prtsperti¢s which was finan¢¢d by charitable donations and th¢ CILarity'S resourtts. The Charitable Fund Pmperty Reserve a]so include5 depreciation equal kn loan repa)ryn¢nts provided in previous years. INVEsfMENT INCOME 30.9.24 30.9.23 Maintenance contributions Other fixed #s$et irtvest- FII Inter¢st receivabl¢- trading 34,297 8.4(11 29,645 7.911 149 42839 37,705 SUPPORT COSTS Governance rtssts Fiftattce Totals SeTYices 87 1.440 lJ27 TRUSTEES, REMUNERATION AND BENEFTrs Tiiere were no tru$l¢es' remun¢rntion tsr other benefits for the year ettd¢d 30 September 2024 nor for the year eDd¢d 30 September 2023. Trustees, expenses There were trn5tees' expense$ paid for the year ended 30 September 2024 nor for the year ended 30 September 2023. Pag¢ 8 continued...

William Paulett Notes to th¢ Financial Statements- continued foT the Year Ended 30 Se ber 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL A(JIVITIES Unre$tri¢ted fi]nd5 Restrieted fimd Tot fimds JNCOME AND ENDOWMEP4TS FROM Investhi¢nt in¢ome 37.705 37,705 EXPENDITURE OTr4 Chrltble aetliryties Management 7,567 20,306 3.859 2,962 7,567 20,306 3,859 2,962 Maintenance Services Governance costs TotAI 34.694 34.694 gains on investsnents 21,003 21,003 NET COmE 24,014 24,014 RECONCILIATION OF FUNDS Tolal fimd5 brought forward 404,307 404.307 TUfAL FUNDS CARRIED FORWARD 428,321 428,321 TANGIBLE FIXED ASSETS Improvements Fixtures and rJtthn8S Freehold property prop¢ty Totals COST At l Octobcr 2023 Additions 2Q4,674 43,939 12013 2,945 251558 12813 At 30 September 2024 204,674 56,752 2,945 264J71 DEPRECIATION At l Octobcr 2023 and 30 September 2024 2,94$ 2,945 NET BOOK VALUE At 30 September 2024 204th74 56.752 261,426 At 30 September 2023 204.674 43.939 248.61i Pag¢ 9 continued...

William Paul¢tt Notes to the Financi Statem¢nts- continu¢d forth¢ Year Ended 30 Se ember 2024 XED ASSET INVESTMENTS Th¢ inv¢stm¢trt5 comprise the following.. C05t 16,500 47.568 1,988 50,007 2024 13,804 81.841 2,369 58,888 156 201 313,103 2023 13,251 63.838 2,232 55,487 101769 236,577 9,465.485 5,388.764 156 3,877.424 7.000.04 Charinco Income Shares Charin¢o Income Shares Charinco Income Shares Charinco Income Shar¢s Schroders Th¢ Charity Equity Fund A 172,458 Or> 08 May 2024, an additional 927.764 Charifi]nd Income shares were purchased for £14,106 and on the same dat¢ an additional 2040.58 Schroders The Chartty Equity Fd A shares w¢re purch&sed for £33.894. DEwfoRS: AMouNfs FALLING DUE WIThIN ONE YEAR 3O.9J4 30.9.23 OtheT d¢btors Prepayments and income 251) 250 189 2511 439 CREDITORS: AMOUNTS FALLING DUE wfrHIN OI¥E YEAR 311.9.24 30.9.23 Trade creditOf5 Other creditors (i) 3,507 3,990 3WO 3,506 10. CREDITORS: AMOUNIS FALLING DUE AFTER MORE THAN ONE YEAR 30.9.24 30.9.23 Other creditors 150,747 150,747 11. iA)ANS An analysls of the matwity of loans is giv¢n below.. 30.9.24 30.9.23 AnK)unts falling due ia) more than five yes.. Repayable othetivise than by instalmentS". ber loans more Syrs noD-ins&]m¢nt IYJ,747 150,747 Page 10 Colltirtued...

William Paulett Notes to the Fi]mn¢1 stsiements- continued for the Year Ended 30 Se rember 2024 Iz. MOVEMENT IN FUNDS Net movement in fimds At 1.10.23 At 30.9.24 Unrestricted funds General fund Extraordinary Repain Reserve Charitable Futtd Property R¢serv¢ 349.989 33,748 44584 38,496 388,485 33.748 44J84 428J21 38,496 466117 TOTAL FUNDS 428J21 38,496 466,817 Net mov¢m¢nt in fds, included in the above are as follows.. In¢oming rewurces Resour expended Gains and losses Moveme in ndS Uttrestrlettd funds G¢neral fimd 42,839 (32369) 28J26 38A96 TOTAL FUNDS 42.839 (32J69) 28J26 38,496 Compr¥tives for movement in Net movemcnt in fimds At 1.10.22 At 30.9.23 Unrestricted futsdy General fund Eraordinary Repairs Reserve Charitsble Fund Ptoperty R¢serye 325.975 33,748 44,584 24.014 349,989 33,748 44.584 404,307 24,014 428.321 TOTAL FUNDS 404.307 24,014 428,321 C()mp#r4tive net nvernellt in funds, included in the above ar¢ as follgws: Incoming resouT¢es R¢sour¢¢s ¢xpended Gains and losse5 Movcment in funds Unrestrirted funds Gener fw)d 37,705 (34,694) 21,003 24,014 TOTAL FUIYDS 37,705 (34,694) 21,003 24,014 Page 11 continued...

William Paulett Notes to th¢ Financiol Statem¢nts- continued for the Year Ended 30 Se tember 2024 12. MOTrEMENI IN FUNDS- ¢oDtiDued A current yw 12 months and priory¢4r 12 months ¢ombitied position is as fOll0M.. Net movement in fimds At 1.10.22 At 30.9.24 UDrestrlcted thDds General nd Extraordinary Repairs Reserve Charithble Fund Property R¢sery¢ 325,975 33.748 44.584 62,510 388,485 33.748 44.584 404,3Q7 62.510 466.817 TOTAL FUNDS 404,307 62,510 466,817 A CU£nt year 12 months and prior year 12 months combined net movement ITh fid$, in¢lud¢d in the abov¢ are &s follows: Incoming R¢sour¢¢s expended Gains and losses Mov¢ment in funds Uthrestri¢ted fuTrds G¢nerai fi]nd 80,544 (67.563) 49,529 62.510 TOTAL FUNDS 80,544 {67.563) 49,529 62,510 13. COIWIINGENf LIABILlEs At 30 Scptember 2024 and 2023. there were no kty)wn wnting¢nt liabilitie5. 14. RELATED PARTY DISCiDSURES Ther¢ were no related party transactions forth¢ year etbjed 30 September 2024. l5. ACCOMMODATION IN MANAGEMEiYr A¢¢ommodation tn m8na8¢m¢nt comprises 10 units {2023- 10 units) Pag¢ 12

William Paul¢tt Detail¢d tatement of FillaDcial Activities Ended 30 Se mber 2024 30.9.24 30.9.23 INCOME AND ENDOWMENrs Investment intome Maintenance contributions Other fixed asset invest- FJI Interest rtt¢ivable- tradÉng 34297 8,41bl 141 29,645 7,911 149 42,839 37,705 Totgl in¢oming resource5 42,839 37,705 EXPENDrruRE Ch•rit*ble Attivities Rates and Wdter Insurance Light and heat Postsg¢ and stationery G¢neral repairs & mainte]Ydnce Steward's fees Subs¢riprions Room hire Professional fees (57) 1.220 527 134 211,181 8.766 491 80 131 1.197 277 142 20,726 7.487 260 80 2,542 31J42 32.842 Support fosts Finance Bank charges Depreciation of tangible fixed ass¢ts 87 102 310 87 412 Govern•Dce ¢osl$ Auditor5, re]nuneration for non audit work IA40 Totsl r¢sour¢e$ expended 32069 34.694 Net income btfore #nd lou¢s 9,97 3.011 Regli8ed recogD15ed gains and losses Realiscd gainsl(losses) on fixed asset investm¢nts 8.916 N¢t incomt 9.970 11,927 This page does not form part of the statutory financial statements Page 13