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