Charlty nurnber: 239044 HOWARD DE WALDEN HOSTEL CHARITY TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
HOWARD DE WALDEN HOSTEL CHARITY CONTENTS Page Referonce and admlnlstratSve detalls of the CharSty• Its Trusto93 and advls•rs Trust••$' roport Ind•p•nd•nt èxamlnèr'$ r•port Statement of flnanclal actlvltles Balance sheet Not•$ to th• finlnclal $tattm•nts 8-19
HOWARD DE WALDEN HOSTEL CHARITY REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2026 Trustees Fr J F Ain51ie. Chair Mrs J I Sweetman Mrs M D J STHilh Mrs E R Deane Mr S M Ring. Treasurer Mrs C Smith Miss V R Sg81gy Charity registered number 239044 Princlpal office 176 Tonbridge Road Maidslone Kent ME168ST Secretary Mrs E R Deane Independent Examiner O Cochrane-Dyet BS¢ BFP FCA MHA Lyndean House 30-32 Albion Place Maidstone United Kingdom ME14 5DZ Bankers National Westminster Bank Pl¢ 3 High Street Maidstone Kent ME14 1XU Page 1
HOWARD DE WALDEN HOSTEL CHARITY TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2026 The Trustees prtrs8nt Ihoir annual report togethèr with the financiol slalements of the Charity for the 1 April 2025 to 31 Mar¢h 2026. The financial statements have been prepared In accordance wlth the accounting polldes sel out In nola 110 the financial stat&m8nls and comply with the Charltl8 trust deed, the Charltles Act 2011 and Accounlirig and Reporting by Charities- Slalement of Recommended Practice ISORPI appllcable lo charities preparing their financial statements in accordanc¢ in the UK and Republic of Ireland IFRS1021 effgclive from 1 January 2019. Oblectlves and actlvltSe$ PollcS8s and oblo¢tSv•8 The objective of the How8rd de Walden Hostel Chafity was to e$tsbli8h and maintsin • hostel for the resldenli81 accommo(4alion, recreation and instruction ol young women ond glrls of tho town of Maidslone èmployed wllhSn the said town or the neighbourhood thereof. The objective was amended on 8 February 1993 so that the hostel mlghl also be used for the benefit of young women and girfs attendlng a wurse of Inslwcllon at 8 recognlsed plac8 of 9tIOn or Inslruction In Maid5tone. Durfng 2003 the objective of the hostel charity was exlèndad lo Include young men. In setting ob5ectlves 8nd plannlng for actlviles, the Trustees have given du8 conslderation lo general guidance published by the Ch8rfty Commisslon relating lo public benefit, Includlng tho guldanco 'Public benefit.. running a charity IP821'. b. Strat•glo• for achlevlng obl•¢tlvo• The Trust863 work lo an aGllon and dgllvgry plan agreed by the Tru8tses whlch Is regularty revlewed and amended. c. A¢tlvltlè8 undertak•n to achleve obJectlv•* The Hostel Ss subject to ongolng malnl8nance and a programme of renovallons to ensure 11 Is malntsined al a good standard. Achlev•monts and p•rforman¢• Rovl•w of actlvltle$ Ouring the year the Charfty ha$ beèn ablè lo ¢ontlnue lo malntsln the property as wdl as an8urlng that the property complles wtth the curront fire regulallons. Flnanclal r•vl•w . Golng concern After maklng appropriate enquiries. Ihe Truste88 have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable fulure. For this r8ason, they continue to adopt the going concern basis in preparing the financial stalemenls. Further details regarding the adoption of the going concern basis can be found in the accounting policies. Page 2
HOWARD DE WALDEN HOSTEL CHARITY TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 b. Reserves poli¢y Trustees aim to hold reserves sufficient to cover costs of running and maintsining the hostel for the nèxt 12 months. The balance of reserves al 31 March 2026 amounted to £154,03712025 - £154,439}. c. Key figures Results of the charity for the year Show a nel decrease in funds of £402 {202S- decrease of £1,336}. d. Materlal Invèstments policy Our investment advisors Blackrock are instrucled to invesl to maximise the total return on Blackrock Charities UK Equity Funds within the coniraints of a low risk investment portfolio. structure, governance and managemènt a. Constitution The Hi)ward de Walden Instilue as it was formerfy known came into existence as a charity in 1896. In 1922 a scheme was approved by The Board of Charity Commissioners for England and Wales for the regulation of the charity. In 1950 the trustees applied to the Charity Commissioners and on 12 January 1951 8 Charity Commission Scheme was approved dividing the Original charity into separate charities to be known 8$ The Howard de Walden Club Charity 8nd the Howard De Walden Hostel CharSty. Thè Charity Commisslon Scheme was amended on S December 2003. The Charity number is 239(hM. There have b8an no changes in tho oblacttves slnce Ihe last annual rèport. b. Methods of appolntment or elèction of Tru$to•$ The management of the Charity is the responsibility of the Trustees WI are elected and ¢chopted under the terms of the Trust deed. The Charity conslilules a Irusl, adminslefed and managed by a body of trustees consisting of one nominated trustee, and up to eight Co-operative trustees. Tho nomlnaled trustee shall be appointed by the Archbishop of Canteibury. ClperatiVe trusteos are persons residing or Carrwng on business in or near Maldstonè. and are appointed by resolution of the existing Iruslees at spec4al meetings. ¢. Organlsational structuro and declslon4naklng pollcles The Trustees meet on a monthly basis to discuss and resolve any issues arising. The Trustees are the main decision making bL¥Jy for the Charity. The House Manager runs the hostel on a day to day basls. d. Poli¢les adopted for the induction and tralnlng of Trustees The Charity provides new Trustees with training and mentoring from th8 Chair. Page 3
HOWARD DE WALDEN HOSTEL CHARITY TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2026 Structure, governance and management Icontinuedl è. Pay policy for kèy manag&m•nt personnel The Trustees considgr the Board of Trustees and the Traasurer as comprising the key management personnel of the Charity in charge of directing, controlling, running and operating th8 Charity on a day to day basis. All Trustees give their time freely and no trustee remunalion was paid in the year except a small honorarium pald lo the Treasurer which is agreed each year by the Board of Trusloes. Plans for future period5 The long temi aim of the Charity Is to mainlian full occupancy of the Hoskl. When funds allow. it is hoped that the top floor be ronov8led and brought back into use. Statement of Trustees. responslbllltles The Trustees are sponsible for preparing the Trustees. report and the finanual statements in accordance wlth applicable law and United Kingdom Accounting Standards {Unlled Klngdom Generally Accepted Accounting Practice}. The law applicable to ¢h8rilies in England & Wales requires the Trustees to prepare financi81 ststements for each financial which give a Irue and fair view of the stste of 8ffalrs of the Charity and of Its Incoming resources and application of resources. including its inctsme and expenditure. for that period. In preparing these financial ststemenls, the Tnjstees are requirod to.. select suitsble accounting pollcles and then apply them o)nsislenlly. observe the methods and principles of the Charities SORP IFRS 102)- make judgements and accounting estimates that are reasonable and prudent: state whether applicable UK Accounting Standards IFRS 1021 have bgen followed, subject to any material departures disclosed and explained in the finanaal statements- prepare the financial statements on the golng concem basis unless il is inapproprfale to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charitys transactions and disclosg with reasonable accuracy at any lime the financial position of the Charity and enable them to ensure that the financial statements comply with the Charitiès Act 2011. the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They a also responsible for safeguarding the assets of the Charity and hence for taking raason8ble steps for the prevgntlon and detection of fraud and other itTegularities. Approved by order of the members of the board of TNstees and signed on their behalf by.. Fr J F PJnslie jchalrj Oale.. Page 4
HOWARD DE WALDEN HOSTEL CHARITY INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2026 Indèpandènt 8xaminerf$ r¢port to tha Trusteè$ of Howard Da Walden Hostel Charlty {'Ih• Charity'l I report to tha charity Trustees on my examlnallon of the accounts of thè Charlty for the yeai ended 31 March 2026. Rgspan$lblllti•$ and basls of report As the Trustees ol the Charity you are r8st>ons1ble for th6 preparation ol the accounts in accordance wth the requlremenls of the Charlties Act 2011 I'lhe 2011 Acl'l. I rèport In respect of my 8xamination of tha Charitls accounts ¢arried out under section 145 of the 2011 Act and n Carng out my examinallon I have followed the 8pplScabla Dlrecllons given by the Charlly Commission under section 1451Sllbl of the 2011 Act. Indapèndant èxamlnevs statamgnt I have completed my examlnallon. I conflrm that no matt8rs have come lo my attantSon In connection with the examlnalion glvlng mg cause lo believe that In any malerfal respect,. accounting records were nol kepl in respect of the Charlty as requlred by section 130 of the 2011 Act,. or thg accounts do not accord with those records., oi the accounts do not comply wllh the 8pp15cable raqulr8ments concemlng the fomi and conlenl of aceounls sel out In the Ch8rlll8s (Accounts and Reports) Regulallons 2008 other than any requirement that the accounts glv8 8 'lrue and vlew whlGh Is not a matter consld8rèd as part of an Independènt ex8mlnation. I have no COnrn and have com8 across no other mallers In connection wth the examination to which ottenllon should be drawn in Ihls report in order lo enable a proper und¢rstan¢Jing of the accounts lo be reached. Thls r8port Is made solely to the Charivs Tru$tse$, as a body, In accordanGg ¥th Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work ha5 beèn und6rtak8n 80 that I might slate lo thè Charitys Trustees Ihose matt l arn requlr¢d lo state to thtsm In an Independ&nl examinerfs report and for no other purpose. To the fu t extent Permitt by law. I do not accept Of assume responsibllity lo anyone othgr than lh8 Charity and the ritls slees 8$ 8 body. for my work or for thls raport. Slgned.. D Cochrang4)yet BS¢ BFP FCA MHA Maldstone Uniteij Kingdom Page 5
HOWARD DE WALDEN HOSTEL CHARITY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2026 Unrestrlcled fund$ 2026 Reslrleled funds 2026 Total funds 2028 Toi81 funds 2025 Not• Income from: Donations and legacies Charitable activitia$ Investments 5.000 5.000 83.323 2.87S 3.000 73,961 3,153 83,323 2,875 Total 5neomo 86,198 5,000 91.198 80,114 Expendltur• on.. Charitable actlvltlgs 92.279 5.000 97,279 83.771 Total oxp•ndlture 92.279 5,000 97,279 83,771 Not oxpondltur• b•for• n•t 9gln8 on Investments 16,0811 5,679 16.0811 5.679 13,657) 2.321 Nel galns on investments Net movement In funds {4021 14021 {1.3361 R•conclllatlon of funds: Total funds brought forward Nel movomont in fvnd8 154,439 4021 154,439 {4021 155,775 11,3361 Total funds corrl•d forward 154,037 154.037 154.439 The Ststsmenl of financial aclivllles Includes all galns and loss8s TognIs•d In the yaar. Thg notes on poggs 8 to 19 fom part of those ffinanclal $lalemgnl$. Page 6
HOWARD DE WALDEN HOSTEL CHARITY BALANCE SHEET AS AT 31 MARCH 2026 2026 2025 Note Flxed assets Tangible assets Investments 11 12 8.898 64,401 11,805 58,722 73,299 70,527 Current assets Debtors Cash at bank and in hand 13 618 88.696 568 90,273 89.314 90,841 Current liabilities Creditors- amounts falling due within one year 14 18,576} (6,929) Net current assets 80.738 83,912 Total assets less current liabilltie 154,037 154.439 Total net assets 154.037 154.439 Charity funds Restricted funds Unrestricted funds 16 16 154.037 154.439 Total funds 154.037 154.439 The financial ststements were approved a d authorised for issue by the Trustees and signed on their behalf by. Fr J F Ainslie Date.. /(. Tu(1 202é The notes on pages 8 to 19 fomi part of these financial statements. Page 7
HOWARD DE WALDEN HOSTEL CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 General information Howard de Walden Hostel charity is an unincorporated charity registered by the Charity Commission in England and Wales and governed by Ihe Scheme dated 15 November 2010. The giSted address is given on the adminislralive details page of these financi81 statements. The financial ststements are presented in sleding which is the functional currency of the charity and rounded to the nearest pound. Accounting polic1•$ 2.1 Basis of preparation of fin•n¢ial $tatèments The financial siatements hava baen prepared in accordance with the Charities SORP IFRS 1021- Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounls in accordarsce with the Financial Reporting Standard appli(*ble in tha UK and Republic of Ireland IFRS 1021 leffecliv8 1 January 20191, thg Financial Reporting Stsndard applicable in thè UK and Republic of Iroland IFRS 102) and the Charities Act 2011. Howard De Walden Hostel Charfty meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised al historical cost or transaction value unless otherwise slated in the relevant accounting policy. 2.2 Going ¢on¢om The Trustees have consSd8red fully the Charivs finandal position. The Trustee5 conslder that therè are no material uncertalnities about the Charltys ability to continue as a going concern for the forseeabl8 future. 2.3 Income All income is recognlsed once the Charfty has entillemenl to the income. il Is probable that the Income will be received and the amount of income receivable can be measure(I reliably. Grants are irKluded In the S¢atemenl of financlal actlvltles on a receivable basis. The balance of income received for specific purposes bul not expended during the period is shown in the relevant fijnds on the Balance sheèt. Where income is received in advance of enlidernent of receipt, its recognrtion is defeired and Includtsd in creditors as deferred income. Whgre enlillemerit occurs before Incomg Is receivèd. thé Incomg Is accrued. Income tsx recoverable in relation lo inveslmenl Income is recognised at the lime the Investment income is receivable. Page 8
HOWARD DE WALDEN HOSTEL CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Accountlng pollcle5 (Gontlnuedl 2.4 Expendlture Expenditure is recognised once there is a legal or conslruclive obligation lo transfer economic benefit to a third party, il is probable that a transfer of economic benefits will be required in sèttlernenl and the amount of the obligation ean bè measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the lolal of direct costs 8nd shared costs, including 5LlPPOrt costs involved in unclertaking each activity. Direct costs attribulabl8 lo a single activity are allocated directly to that activity. Shared costs which contribut6 to mora than one a¢tiwty and support costs which arè not attributable to a single activity arè apportioned between those activities on a basls consistent wlh the use of resour$. Central staff Costs are allocated on the basis of time spent, and depr8cialion charges allocated on the ports'on ol the asset's use. Expenditure on charitable activities is incurred on diredy undertaking the activities which further the Charivs obje¢live5, as well as any associaled support costs. l expenditure Is Inclusive of Srrecoverable VAT. 2.$ Intorest racoivablè Interest on fvnds held on deposit is indudèd when receivable and the 8mount can be measUd reliably by the Charity,. this Is nom)ally upon nolificalion of the interest paid or payable by the Institution with whom the funds are deposited. 2.6 Tanglble fixed assets and depreclatlon Tangible fixed assets costing £500 or more are capilalised and recognised whgn futurg economi¢ benefits are probable and the cost or value ol the asset can be measured reliably. Tangible fixed 8SSèts are initially rocognised al cost. After re¢ognilion. under th8 (x)s1 rnodel, tangible fixed assets are measured at cost less accumtjlaled depreciation and any accumulated impaiTmenl losses. Al costs in¢urred lo bring a tangible fixed asset Into its intended working condition should be induded in the mgasuroment of cost. DeprerAalion is charged so as lo allocate the cost of tsngible fixed assets less thelr residual value ov8r their estimate(l us8ful livès, using the 8tlal9ht-lin8 m6thod. Depreciation is provided on the followng basis.. Freehold property 10% Straight Line 2.7 Investment$ Fixed asset Investments are a fomi of financial inslrument and are inllially recognised al their transaction cost and subsequently measured at fa1r value at the Balance sheet date, unless the value ¢8nnot bè measurad rèliably in whi¢h case il is measured at cost less impaim)8nl. Investment gain$ and losses, whether realised or unrealised. are combined and pr&sented as 'GainsllLossesl on Investments, in the Statement of financial activities. 2.8 Debtors Trade and other debtors are recognised al the settlement amount after any trade dis¢ount offered. Prepayments ale valued al the amount prepaid net of any trad8 discounts due. Page 9
HOWARD DE WALDEN HOSTEL CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Accounting policles {contlnuèdl 2.9 CaBh at bank and in hand Cash al bank and in hand includes cash 8nd short-lemi highly liquid investments with a short rnalurily of three months or less from the date ol acquisition or opening ol the deposit or similar account. 2.10 Llabllltlès and provlslon$ Liabililitss are re¢ognised when there Is an obllgallon al the Balance sheet d8t8 as 8 fesull of a past event. 51 Is probable that a Iransler ol economlc benefit wlll be required in settlamenl, and th& amount of the $8tt18menl can be esllmaled rellably. Liabilities are recognised al the amount that the Charity enlicipales it will pay lo settle the debt or the amount il has received as advanc8d payments for th8 goods or services it must provldg. Provision5 are measured al the best eslirnale ol th8 amounts requlred lo settl8 th8 obligation. Where the effect of the lirne value ol money Is maler581, the provision is based on Ihe present value of those amounts, discounleé 81 the pre-tax dlscount rate that reflects the risks specific lo the liability. The unwinding ol tho discount Is rg¢ognlsad In the Statement of financial advlties as a flnance cost. 2.11 Fln•n¢l)I In•trum•nt• The Chadty only has financial assets and financlal liabilitie8 of a klnd that qualify as baslc financSal Instruments. Baslc financlal Instruments are inlllally r8¢ognlsed al Iransactlon value and subsequently measured al Ihelr settlement value wllh thg 8xc&pllon of bank loans whlch are subsequently mèa8ur8d al amortisgd ¢osl using the effaclive Intfjresl method. 2.12 P•nslon• The Ch8rfty operates 8 d&fined contribution penslon Schemè arbd the pèn3ton charge represen15 tho 8mounls payable by the Charity lo the fvnd In respecl ol the year. 2.13 Fund •c¢ountlng General funds arg unr8sldcled fvnds whl¢h are avallable for use at the dis¢rellon of the Trustees In furtheranco of tho goneral obl8clives of th8 Charity 8nd which have not been deslgnated for other purposes. Rasiricted funds are funds whlch ara to be used In accord8n¢e wllh specific re$lrictions imposod by donors or which have bogn raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the Specif fund. The aim and use of each festriGled fund 15 sel out Sn the notes lo Ihe financial slalemenls. Investrnenl Income, galns and losses are allocated to Ihe approprlale fund. Page 10
HOWARD DE WALDEN HOSTEL CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Income from donatlons and legaclès Restrlcted fund$ 2026 Total funds 2026 Totsl lunds 2025 Gran15 5,000 5.000 3,000 Total 2025 3.000 3.000 Durlng the year, a raslricled grant of £5,000 was receivèd from Tho Cobtr8e Chorlty TnJ8t, and was usad towards rtrdacoralion works lo th8 maln lobby. hallway. landing to first floor, staltwo11 lo basement kltch8n and lop lev8112025.. £3,000 from Thb Cobtreè Chlrtty Tru81, used towards work8 to the ki1thon.}. Page 11
HOWARD DE WALDEN HOSTEL CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 In¢omè from charltablo actlvltles Unrtstrlcted funds 2026 Total fund$ 2026 Totsl funds 2025 Board residence Laundry Eleclrlc meter 80.319 2.454 550 80.319 2,454 550 70,071 3,155 735 Total 2026 83,323 83.323 73,961 Total 2025 73.961 73,961 Inv•8tment Income Unr•$¢rf¢tod funds 2026 Total funds 2026 Total funds 2025 Dividends recelvable from Inveslmgnts and unll trusts Bank Interest rgcolvoblè 1,992 883 1.992 883 1,961 1.192 Totttl 2026 2.875 2,875 3.153 Tot812025 3,153 3,153 Page 12
HOWARD DE WALDEN HOSTEL CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Analysls of expendltur• on charltable a¢tlvltles Summary by fund type Unrastrlcted RoStrSctgd funds funds 2026 2026 Totsl 2026 Total 2025 Chariiable actlvlties Governance 83,690 8,589 5,000 88,690 8,589 77,416 6,35S Total 2026 92,279 s,000 97.279 83,771 T¢tal 202S 80,771 3.000 83,771 Summary by •xp•ndltur• typ• Sthff ¢osts D•pr•clatlon Oth•r costs 2026 2026 2026 Total 2026 Total 2025 Charitabl8 aCVIlla8 Govemance 22.332 38 2,907 63,451 8,551 88,690 8.589 77.416 6,355 Total 2026 22,370 2,907 72,002 97,279 83.771 Totsl 2025 20.S29 2,907 60.335 83,771 Page 13
HOWARD DE WALDEN HOSTEL CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Analysis of expèndlture by actlvltles Support costs 2026 Total funds 2026 Total funds 2025 Charitable activities Govemance 88,690 8,589 88,690 8,589 77,416 6,355 Total 2026 97.279 97.279 83.771 Total 2025 83,771 83.771 Analysis of support ¢osts Charitsblo activitiès Govèrnance 2026 2026 Total funds 2026 Total funds 2025 Staff costs DePCl8t10n TV licence Rates Insurance ht, heat and power Repairs and maintenance Telephone, postage and stationery Computer costs Independent Examinews fee Treasurerfs salary Sundry Bad debts 22,332 2,907 175 38 22.370 2.907 175 5.240 S,849 17.342 33.216 1,213 273 20,529 2,907 5.240 5.849 17.342 33.216 1.213 273 4,155 5.747 10.101 31.918 1.324 138 7,651 900 7.651 900 143 5.555 143 58 370 Total 2026 88,690 8,589 97,279 83,771 Total 2025 77.416 6,355 83.771 Page 14
HOWARD DE WALDEN HOSTEL CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Indèp8ndont examln•r's remuneratlon 2026 2025 Fees payablè to Ihe Charllls Independent examlner for the Indgpendenl examlnalion of the Charills annual accounts Fees payable to the Charilys independenl exarniner in respect of preparallon of the annual slalulory accounts and related servlces 2,506 2.343 5.145 3.212 Stsff ¢oJt$ 2026 2025 Wages and salarfes Contribullon to defined conlrlbullon pension schames 22,332 38 20,529 The averago numb9r of par8on8 gmploygd by thè Chadty durlng the year wo$ 86 follow8: 2026 No. 2025 No. Employ888 No employoe racelved remunerallon amounting to more than £60,000 In oither year. The Charfty conslder81ts kay management pgrsonnel comprfse Ihg Trustees and the Treasurer. Thg total gmploymenl bgneflls of key management personnel were £90012025: £8001 being the honorarlum pald to the Treasurer (see below}. All other Trustees give freely their me and exportlse wilhoul any form of emoluments or reimbursement of expenses. 10. Tru$t•o$' romunaratlon and expensos 2026 2025 MrSMRing Honorarlum 900 During the year ended 31 March 2026, no Trustee expenses have been incurred {2025- £NIL}. Page 15
HOWARD DE WALDEN HOSTEL CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 11. Tanglble fixed assets Freehold property Cost or valuation At 1 April 2025 109,856 At 31 March 2026 109,856 Deprèciation Al 1 April 2025 Charge for the ygar 98.051 2.907 Al 31 March 2026 100,958 Net book value At 31 March 2026 8.898 At 31 March 2025 11,805 12. Flxed as$et inv•$tmonts Llst•d Invostments Cost or valuatlon Al 1 April 2025 Revaluations 58,722 5,679 At 31 March 2026 64,401 The above Investments represent the Charitrfs Invèstrnenl In Blackrock Charities UK Equity Fund, a holding of 7.736.807 shares12025- 7,736.807 shares). Page 16
HOWARD DE WALDEN HOSTEL CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 13. Debtors 2026 2025 Due within one year Prepayments and accrued income 618 568 618 14. Crodltors: Amounts falllng duo wlthln ono year 2026 2025 Other creditors Accruals Énd delerred income 3,806 4,770 2,429 4,500 8,576 6,929 15. Flnan¢l•l Instrum•nt# 2026 2025 Flnanclal assets Flnancial assets measured 81 falr valuo through income and exndItre 88,696 58.722 Financial assets measured al fair value through Income and e¥pendllure comprSse Ilxed asset investments valued at Ihelr fa51 value al the year end. Pagè 17
HOWARD DE WALDEN HOSTEL CHARrrY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 16. Statement of funds stat•mènt of funds - currant year Balan¢0 at 31 March 2026 Balan¢e at 1 Aprll 202S Gainsl {Lossè$} Incom• Expèftdlture Unrestrict¢d fund3 Genaral Funds - all lunds 154,439 86.198 {92,2791 5.679 154,037 R•slrl¢lgd funds Restricled Funds - all hjnds 5,000 (5.0001 Total of fund• 154,439 91,198 197.2791 5,679 154,037 Stat•ment of funds - prlor y••r Balance al 31 March 2025 Balance al 1 Apdl 2024 Galnsl (Losses) Inrnrn8 Expgndllure Unr•$trl¢ted funds Resfrrve5 155,775 77,114 {80,771) 2,321 154.439 Re3trlcted fund• R68trlcted Funds- all funds 3.000 {3.000 Total of funds 155,775 80,114 183,7711 2,321 154,439 Page 18
HOWARD DE WALDEN HOSTEL CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 17. Analys1$ ol ngt 4$$•t$ b•tWoen funds Analysls of net assets between funds - ¢urrènt year Unrestrl¢t¢d funds 2026 Total funds 2026 Tangible fixed assets Fixed ossel Investments Current assets Creditors due within one year 8.898 64,401 89.314 18,576} 8,898 64.401 89,314 18,576) Total 154,037 154,037 Analysls of not ass•ts be••n fund$ - prlor y•ar Unreslrfctgd funds 2025 Total fvnds 2025 Tanglble fixed assets FSxed asset Investments Current assfjt$ Creditors dua within one year 11.805 58,722 90,841 {6,9291 11,805 58,722 90,841 16,929} Total 154,439 154,439 18. P•nslon commltments Tho Charity opérate8 a dgllnèd conlrtbullon penslon $¢home. Th9 assets of the schemè ar6 héld separately Irom those of th9 Charlty in an Indepgndgnlly admlnlslered fund. The pension cost Charge represents contributions payable by the group lo the fund and amounted lo £38 {2025 £NIL}. Contributions lolalling £22 {2025 - £NILI were payable lo the fund al the balance sheet dale and are Included In creditors. 19. Relat•d party transactlons Dulrlng Ihe year th8 Iruslee Mr S M Ring, In hls role 8s Treasurer, recelved a small honorarfum of £900 {2025- £800}. Page 19