2025-03-31-accounts

Docusign Envelope ID: BE06707E-636D-47D2-AEDF-577C83E462AC

Charity Registration No: 239965

Brabin’s Almshouses

Accounts

For The Year Ended 31 March 2025

Docusign Envelope ID: BE06707E-636D-47D2-AEDF-577C83E462AC

BRABIN’S ALMSHOUSES

CONTENTS

Charity Details	2
Trustee’s Report	3
Independent Examiner's Report	5
Receipts and Payments Account	6
Statement of Assets and Liabilities	7
Notes to the Receipts and Payments Account	8

Page 1

Docusign Envelope ID: BE06707E-636D-47D2-AEDF-577C83E462AC

BRABIN’S ALMSHOUSES

CHARITY DETAILS

Trustees	Dr T H Ballard - Chair
	Mr D R Urie
	Mr P W Smith
	Mr D Slater
	Mr P Morris
	Ms D France
	Ms B L Weld-Blundell
	Ms G Holland
	Brabin’s Almshouses Trustee Limited
Charity names (registration	Brabin’s Almshouses (239965)
numbers)	Brabin’s Educational Foundation (239965-1)
Registered office	21 Kirklands
	Chipping
	Preston
	PR3 2GN
Independent examiner	Nicola Mason FCA, DChA
	MHA
	Richard House
	9 Winckley Square
	Preston
	PR1 3HP
Bankers	HSBC
	49A Fishergate
	Preston
	PR1 8BH

Page 2

Docusign Envelope ID: BE06707E-636D-47D2-AEDF-577C83E462AC

BRABIN’S ALMSHOUSES

TRUSTEE’S REPORT

FOR THE YEAR ENDED 31 MARCH 2025

The trustees present their report and accounts for the period ended 31 March 2025, which have been prepared on a receipts and payments basis. The financial statements have been prepared in accordance with the charity’s constitution and applicable law.

Structure, governance and management

Brabin’s Almhouses has a linked charity, Brabin’s Educational Foundation.

The Trusts were founded by the will of John Brabin dated the 9[th] April 1683 and comprised in a scheme made under the Endowed Schools Acts on the 27[th] November 1878 as varied by a Scheme of the Charity Commissioners of the 30[th] November 1961.

The Trusts are currently regulated by a Scheme of The Charity Commissioners For England and Wales dated the 10[th] June 1976.

The two Charities were formally linked as from 1[st] April 2018 confirmed by a letter dated 29[th] March 2019 from the Charity Commission of England and Wales addressed to the Chairman of the Charities.

The Trustees should consist of eight competent persons being four Nominative Trustees and four Co-optative Trustees.

The Nominative Trustees are appointed as follows:- One by the Parish Council of Thornley-with Wheatley, Two by the Parish Council of Chipping and One by the Parish Council of Bowland-with-Leagram.

The Trustees who have held office during the year and since the year end are shown on page 2.

Objectives and activities

The accounts include the results of both Brabin’s Almshouses and the linked charity Brabin’s Educational Foundation.

Purposes of the charity (per governing document and partially set out below) and the main activities undertaken in relation to those purposes are detailed in the attached accounts.

The trustees have had regard to the Charity Commission guidance on public benefit.

To provide financial help and support to poor persons and the general community in the parishes of Chipping, Thornley with Wheatley and Leagram with Bowland. To maintain the two almshouses and provide accommodation for poor persons of good character.

Purposes of schools for boys, girls and infants. Provision of prizes or rewards for pupils; scholarships tenable in the boys' or girls' school; exhibitions for higher education; provision of technical instruction or industrial training in connection with the schools. For further details see scheme of 10 June 1976.

Achievements and performance

Grants have been made in the year in line with the charity objects as per note 4 to the accounts.

Page 3

Docusign Envelope ID: BE06707E-636D-47D2-AEDF-577C83E462AC

BRABIN’S ALMSHOUSES

TRUSTEE’S REPORT

FOR THE YEAR ENDED 31 MARCH 2025

Financial review

Income for the year before sale of investments was £137,862 (2024 £159,298). Of this £22,157 (2024 £16,402) has been paid as grants in the year. Net payments for the year were £45,863 (2024 Net receipts £80,509).

The policy of the trustees in recent years has been to fund its activities out of income. Consideration will now be given to establishing a reserve for future repairs and maintenance of the properties of the Trusts.

In view of the level of income the charity has prepared these accounts on the receipts and payments basis, summarising all money received or paid by the charity during the year. A statement giving details of the assets and liabilities at the end of the year is provided on page 6.

January 20, 2026

This report was approved by the Trustees on ………….. . and signed on their behalf.

....................................................………. Mr T H Ballard – Chair

Page 4

Docusign Envelope ID: BE06707E-636D-47D2-AEDF-577C83E462AC

BRABIN’S ALMSHOUSES

INDEPENDENT EXAMINER’S REPORT

TO THE TRUSTEES/MEMBERS

I report to the charity trustees on my examination of the accounts of the charity for the period ended 31 March 2025 which are set out on pages 6 to 9.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent Examiner’s Statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

2. the accounts do not accord with those records; or

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached

……………………………………… Nicola Mason FCA, DChA MHA Chartered Accountants Preston

Date:…………………………….. January 23, 2026

Page 5

Docusign Envelope ID: BE06707E-636D-47D2-AEDF-577C83E462AC

BRABIN’S ALMSHOUSES

RECEIPTS AND PAYMENTS ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

Note Receipts Rental income 3 Investment income Contributions to Almshouses Repairs Mortgage repayments Fraud reimbursement Repayment of set up fees Donation Asset and investment sales 5 Total receipts Payments Grants issued 4 Insurance Secretary’s fees Hire of meeting hall Stockbroker fees Professional charges Legal fees Repairs to Almshouses & properties Property management fees Sundry expenses Asset and investment purchases 5 Total payments Net receipts/(payments) for the year Transfers between funds Cash funds brought forward at 1 April 2023 Cash funds carried forward at 31 March 2024	Unrestricted funds £ 17,202 7,012 - 3,701 - - 43,750 71,665 25,819 97,484 1,500 2,912 675 62 1,820 840 7,270 23,949 754 275 40,057 108,967 149,024 (51,540) - 234,488 182,948	Restricted funds £ 12,840 5,906 - 3,701 - - 43,750 66,197 35,870 102,067 20,657 1,642 675 62 1,527 840 6,645 6,407 754 - 39,209 57,181 96,390 5,677 - (95,466) (89,789)	2025 Total funds £ 30,042 12,918 - 7,402 - - 87,500 137,862 61,689 199,551 22,157 4,554 1,350 124 3,347 1,680 13,915 30,356 1,508 275 79,266 166,148 245,414 (45,863) - 139,022 93,159	2024 Total funds £ 47,548 7,306 2,970 7,402 2,024 4,548 87,500
				159,298 71,995
				231,293
				16,402 4,418 1,200 40 2,787 1,440 - 7,142 - 333
				150,784 112,773
				150,784
				80,509 - 58,514
				139,022

Page 6

Docusign Envelope ID: BE06707E-636D-47D2-AEDF-577C83E462AC

BRABIN’S ALMSHOUSES

STATEMENT OF ASSETS AND LIABILITIES

AS AT 31 MARCH 2025

Note Cash funds Current account Deposit account Stockbrokers deposit account Total funds per receipts and payments account Investment assets Investment portfolio 5 Mortgage debtor Assets retained for the charity’s own use 2 Almshouses (Windy Street)(per valuation February 2019) 14,16,18,20 Club Row (per valuation February 2019) Wallerclough Farm (per valuation February 2017) Bridge Cottage Residuary Freehold of 7 Flats at 33 Kirklands Post office and craft centre (at January 2019 valuation) Improvements at cost Brabins School (at June 2017 valuation) Total assets retained for the charity’s own use Liabilities Rental deposits received re. Club Row	Unrestricted funds £ 147,403 31,305 4,240 182,948 259,855 19,212 200,000 600,000 450,000 - 150 - - 1,250,150 (1,230)	Restricted funds £ (125,111) 31,305 4,017 (89,789) 175,713 19,212 - - - 225,000 - 150,000 17,848 487,500 880,348 -	2025 Total £ 22,292 62,610 8,257 93,159 435,568 38,424 200,000 600,000 450,000 225,000 150 150,000 17,848 487,500 2,130,498 (1,230)	2024 Total £ 42,186 87,895 8,941
				139,022
				332,800 45,826
				200,000 600,000 450,000 225,000 150 150,000 17,848 487,500
				2,130,498
				(1,230)

Declaration

The receipts and payments account for the financial period ended on 31 March 2025 and the statement of assets and liabilities at that date are approved by the Trustees.

For and on behalf of the Trustees:

........................................................... Mr T H Ballard – Chair Date:…………………………….. January 20, 2026

Page 7

Docusign Envelope ID: BE06707E-636D-47D2-AEDF-577C83E462AC

BRABIN’S ALMSHOUSES

NOTES TO THE RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

These accounts have been prepared on the receipts and payments basis. Expenditure is inclusive of VAT.

2 Trustees

No remuneration or other benefits were paid to the charity’s trustees or people connected with them.

Reimbursed expenses for out of pocket expenditure is disclosed on the face of the receipts and payments account.

• 3 Rental income

Farm rents Club Row rents Bridge Cottage Post office and craft centre	Unrestricted funds £ - 17,202 - - 17,202	Restricted funds £ - - - 12,840 12,840	2025 Total £ - 17,202 - 12,840 30,042	2024 Total £ 7,000 22,210 7,250 11,088
				47,548

4 Grants paid

CHAOS Brabins Endowed School St Mary’s R C School Bursaries Uniform Clothing	Unrestricted funds £ 1,500 - - - - 1,500	Restricted funds £ - 8,000 4,257 8,000 400 20,657	2025 Total £ 1,500 8,000 4,257 8,000 400 22,157	2024 Total £ 1,500 8,500 5,902 - 500
				16,402

Page 8

Docusign Envelope ID: BE06707E-636D-47D2-AEDF-577C83E462AC

BRABIN’S ALMSHOUSES

NOTES TO THE RECEIPTS AND PAYMENTS ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

5 Investments Market value at 1 April 2024 Additions at cost Disposals at market value Gains/(losses) on revaluation Market value at 31 March 2025 6 Funds Balance b/fwd at 1 April 2024 £ Unrestricted funds Non-educational fund 234,488 Restricted funds Educational fund (95,466) 139,022		Unrestricted funds £ 180,151 108,967 (25,819) (3,444) 259,855 Receipts £ 97,484 102,067 199,551	Listed investments Restricted funds 2025 Total £ £ 152,649 332,800 57,181 166,148 (35,870) (61,689) 1,753 (1,691) 175,713 435,568 Payments Transfers £ £ (149,024) - (96,390) - (245,414) -	2024 Total £ 280,725 112,773 (71,995) 11,297
				332,800
				Balance c/fwd at 31 March 2025 £ 182,948 (89,789)
				93,159

Page 9