Charity Registration No. 245543
THE ANDROS ALMSHOUSE CHARITY
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
GROUP
BUSINESS
ADVISORS
&ACCOUNIANT5
One Bell Lane
Lewes
East Sussex
BN7 Liu

THE ANDROS ALMSHOUSE CHARITY
COMPANY INFORMATION
Trustees
Mr P Ross
Mr P Mulcare
Mrsj L Hall
Charity number
245543
Principal address
The Office
Grantham Close
South Chailey
Lewes
East Sussex
BN8 4AL
Independent examiner
TC Group
One Bell Lane
Lewes
East Sussex
BN7 UU
Bankers
Shawbrook Bank Limited
Lutea House
The Drive, Warley Hill Business Park
Great Warley
Brentwood
Essex
CM13 3BE
CAF Bank
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ
Barclays Bank PIC
UK Banking Service Centre
PO Box 299
Birmingham
BI 3PF
Solicitors
Third Sector Law
240 Shinfield Road
Reading
Berkshre
RG2 8EX

THE ANDROS ALMSHOUSE CHARITY
COMPANY INFORMATION
Investment advlsors
Quilter Cheviot Ltd
One Kingsway
London
WC2B 6AN
M & G Charities
PO Box 9038
Chelmsford
Essex
CM99 2XF

THE ANDROS ALMSHOUSE CHARITY
CONTENTS
Page
Company information
Trustees, report
Independent examiner's report
Statement of financial activities
Balance sheet
Notes to the financial statements
10-21

THE ANDROS ALMSHOUSE CHARI
TRusfEES' REPORT
FOR fHE YEAR ENDED 31 MARCH 2024
The trustees present their annual report and financial statements for the year ended 31 March 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note I to the
financial statements and Comply with the charity's governing document, the Charities Act 2011 and "Accounting
and Reporting by Charities- Statement of Recommended Practice applicable to charities preparing their accounts
in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021"
(effective l January 20191.
Objectives and activltles
The object of the charity is the relief of poverty. in that it provides homes for over 50,5 in need. The trustees
confirm that they have referred to the guidance contained in the Charity Commissions general guidance on public
benefit when reviewing the charity's aims and objectives and in planning future activitie5 and setting policy for the
year. The charity carries out its objectives by providing accomrnodation required for the needy. The Trustees
distribute funds as they see fit to running the charity.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the
charity should undertake.
Achievements and performance
A programme of phased increase5 in contributions has been completed to a level. which balances outgoings and
enables continuing adherence to the planned maintenance programme, and operation ofAndros Almshouse.
Financlal review
After charging all costs lexcluding gains and losses on investments} there was a small loss of £22,14612023 surplus
£30,641). This deficit was solely due to building works. During the year we had a major programme upgrading
bathrooms and we now only have three still to be done.
The investment portfolio increased in value by £19,42912023 decrease £19.1011.
There wa5 a revaluation carried out by Graves Jenkins dated the 29th of February 2024.The market value of the
freehold property was £4,910,000. This shows an increase in value of £400,000.
The trustees considered the financial state of the charity to remain good. The trustees have focussed on their staff
and with our new clerk and a very strong office team we are well placed for the future. As mentioned above a
major priority remains keeping the buildings in good repair.
It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity at a level
which equates to approximately six months unrestricted expenditure. This provides sufficient funds to cover
management, administration and support costs and to respond to emergency applications for grants, which may
arise from time to time. Unrestricted funds were maintained at this level throughout the year. It Is also necessary
to have reserve funds for unforeseeable contingencies.
The trust maintain5 a balanced portfolio to spread investment risk and continually reviews results. The trustees
have decided to maintain the present Investment strategy and expect over time the current improvement wlll
continue.

THE ANDROS ALMSHOUSE CHARITY
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
The trustees have examined the major strategic business and operational risks which the charity faces and confirm
that systems have been established to enable regular reports to be produced so that the necessary steps can be
taken to lessen these risks.
Plans for future periods
The aim of the trustees is to continue with the management of the properties and the charity activities with the
support of a paid manager, but otherwise with voluntary Wofk of the trustees in order that the residents,
contributions can be kept to a minimum in line with proper stewardship.
Structure, governance and management
The charity is an unincorporated trust constituted under a trust deed dated 25 May 1952, rewritten on 14 March
1994 and updated on 30 October 2002, 13 August 2004 and 3 Septembef 2018. Its object being to provide and
maintain almshouses for needy men and women over 50 years of age.
The Board, when complete, consists of 7 Trustees plus an Additional Trustee being-.
One Nominated Trustee (Chailey Parish Council)
Six Co-opted Trustees
One Additional Trustee (Lifetime Trustee- Mr P Mulcarel
The trustees who Served during the year and up to the date of signature of the financial statements were..
Mr5 J BaiS1ieux
Mrsj L Hall
Mr P Mulcare
Mr S Roberts
Co-opted Trustee (Resigned 29 May 20231
Co-opted Trustee
Additional Trustee Ilifetime trustee)
Co-opted Trustee (Appointed 31 July 2023 and resigned 27
June 20241
Co-opted Trustee
Co-opted Trustee Iresigned 30 April 20231
Mr P Ross
Mrs V J Rowbotham
All trustees, other than the lifetime trustee and the nominated trustee, are appointed by the Board of Trustees
and serve for four yeafs after which period. they may put themselves forward for re-appointment.
The trustees meet regularly throughout the year and agree the broad strategy and areas of activity including
investment, reserves and risk management policies and performance.
The Chair of Trustees has overall supervision of the charity's activities.
Other trustees are allocated responsibilities commensurate with their individual skills at that time.
When the trustees formally discuss new appointments. the following objectives are considered..
The need for specialist knowledge and skills in the key positions to ensure succession.
If possible, a reduction in the average age of the trustees.
A local background and residence

THE ANDROS ALMSHOUSE CHARITY
TRUSTEES. REPORT ICONnNUEDI
FOR THE YEAR EIIDED 31 MARCH 2024
The trustees. report was approved by the &oJrd of Trustees.
Mr5J LHall
Chalr
Date-.

THE ANDROS ALMSHOUSE CHARITY
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE ANDROS ALMSHOUSE CHARITY
I report to the charity trustees on my examination of the financial statements of The Andros Almshouse Charity
I'the Trust") for the year ended 31 March 2024.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance
with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of rny examination of the Trust's financial statements carried out under section 145 of the 2011
Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission
under section 14515llbl of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; OF
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
accounts set out in the Charities (Accounts and Reports1 Regulations 2008 other than any requifement that
the accounts give a true and fair view which is not a matter considered as part of an independent
examination.
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 financial statements to be
ached.
D W Martin FCA on behalf of
TC Group
One Bell Lane
Lewes
East Sussex
BN7 IJU
Dated..

THE ANDROS ALMSHOUSE CHARITY
STATEMENT OF FINANCIAL ACTlVtfiES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted Endowment
funds
funds
2024
2024
Total Unrestrlcted Endowment
funds
funds
2023
2023
Total
2024
2023
Notes
Income from:
Donations and legacies
Charitable activities
Investments
Other income
loo
212,895
10,704
1.197
loo
212,895
10,704
1,197
211,083
8,551
1,207
211,083
8,551
1,207
Total Income
224,896
224.896
220,841
220,841
Ex
enditure on:
Raising funds
2,123
2,123
2,278
2.278
Charitsble activities
244,919
244,919
187,922
187,922
Totsl resources
expended
247,042
247,042
190.200
190,200
Net gain511I05sesl on
investments
li
19.289
19,289
121,0411
{21.0411

THE ANDROS ALMSHOUSE CHARIT
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Net
(outgoingllincoming
resources before
transfers
(2,8571
12,8571
9,600
9,600
Gross transfers
between funds
13,2001
3.200
13,2001
3.200
Net loutgoingl/incoming
resources
16,0571
3.200
12,8571
6,400
3,200
9,600
Other recognised gains and losses
Revaluation of tangible
fixed assets
400,000
400,(X)O
Net movement in funds
393,943
3,200
397,143
6,400
3,200
9,600
Fund balances at i
April 2023
4.765,345
197,600
4,962,945
4,758,945
194,400
4,953,345
Fund balances at 31
March 2024
5,159,288
200,800
5,360,088
4,765,345
197,600
4,962,945

THE ANDROS ALMSHOUSE CHARITY
BALANCE SHEET
ASAT3J MARCH 2024
2024
2023
Not•s
Flxed assets
Tangible assets
Investments
13
4,924,649
329,782
4,510,(K)O
303,273
14
5,254,431
4,813,273
Current ¥ssets
Debtors
Investments
Cash ai bank and in hand
15
16
6,177
89,176
30,054
2.338
88,675
71,210
115,407
162.223
Credltors.. amounts falllng due wtthin one
ar
17
19.7501
112,5511
Net current assets
105,657
149,672
Total assets les5 current liabllltles
5,360,088
4,962,945
Net assets excludlng p4nslon Ilablllty
5,360,088
4.962,945
The funds ol the charlty
Endowment funds
Unrestricted funds
20
200,8C4J
5,159,288
197.6C(J
4,765,345
5,360,088
4.962,945
The financial statements were approved by the trustees on
Mrs l L Hall
Chair

THE ANDROS ALMSHOUSE CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR EAIDED 31 MARCH 2024
Accoiinting policies
Charity information
The Andros Almshouse Charity is an unincorporated trust constituted under a trust deed dated 25 May
1952, rewritten on 14 March 1994 and updated on 30 October 2002, 13 May 2004 and 3 September 2018.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document, the
Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable the UK and Republic of Ireland IFRS 1021 (effective l January 20191" The charity is a Public
Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin
I not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to
the extent required to provide a true and fair view. This departure has involved following the Statement of
Recommended Practice for charitie5 applying FRS 102 rather than the version of the Statement of
Recomrnended Pfactice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterlin& which is the functional currency of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the
revaluation of freehold properties and to include investment properties and certain financial instruments at
fair value. The principal accounting policies adopted are set out below.
1.2 Charitable funds
Unfestficted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Restricted funds are subject to specific conditions by donors or grantor5 as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial statement5.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the
charity.
1.3 Income
Income 15 recognised when the charity is lega51y entitled to it after any performance conditions have been
met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been
notified of the donation, unless performance conditions require deferral of the amount. Income tax
recoverable in relation to donations received under Gift Aid or deeds of covenant Is recognised at the time
of the donation.
10-

THE ANDROS ALMSHOUSE CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting polldes
(Continued)
Legacies are recoEni5ed on receipt or otherwise if the Charity has been notified of an impending
distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated
as a contingent asset.
1.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a
third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount
of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and
shared costs, including support costs involved in undertaking each activity. Dirert costs attribL6table to a
single activity are allocated directly to that activity. Shared costs which contribute to more than one activity
and support costs which are not attributable to a single activity are apportioned between those activities on
a basis consistent with the use of resources. Central staff costs are allocated on the ba515 of time Spent, and
depreciation charges are allocated on the portion of the asset's Use.
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which
cannot be fully recovered. and is reported as part of the expenditure to which it relates.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and
services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those
costs of an indirect nature necessary to support them.
Governance costs include those costs associated with meeting the constitutional and statutory
fequirernent5 of the charity and include the accountancy fees and costs linked to the strategic management
of the charity.
1.5 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the c05t or valuation of assets less their residual values over
their useful lives on the following bases:
Freehold land and building5
Fixtures and fittings
not depreciated
5% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale
proceeds and the carrying value of the asset, and is recognised in net income/lexpenditurel for the year.
1.6 Flxed asset Investments
Fixed asset investments are initially measured at transaction price excluding transaction costs. and are
subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net
incomellexpenditurel for the year. Transaction costs are expensed as incurred.
11

THE ANDROS AUVISHOU5E CHARITY
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
(Continued)
1.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine
whether there is any indication that those assets have suffered an impairment loss. If any such indication
exists, the recover3ble amount of the asset is estimated in order to determine the extent of the impairment
loss lif any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid
investments with original maturities of three months or less. and bank overdfafts. Bank overdra*ts are
shown within borrowings in current liabilitie5.
1.9 Financial instrument5
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instruments Issue5, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity'5 balance Sheet when the charity becomes party to the
contractual provisions of the instiumont.
Financial assets and liabilities are offset. with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a
net basis or to realise the asset and settle the liability simultaneously.
Bosicfinoncial osset5
Basic financial assets. which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently Girried at amortised cost using the
effective interest method unless the arrangement constitutes a financing transaction, where the transaction
is measured at the present value of the future receipts discounted at a market rate of interest. Financial
assets classified as receivable within one year are not amortised.
BosicAinoncial liobilities
Basic financial liabilities. including creditors and bank loans are initially recognised at transaction price
unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the
present value of the future payments discounted at a market rate of interest. Financial liabilities classified as
payable within one year are not amortised.
Debt instruments are subsequently carried at amorti5ed cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acqLtired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective inteiest method.
Derecoqnition offinoncial liabilitie5
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
12

THE ANDROS ALMSHOUSE CHARITY
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policles
{Contlnuedl
1.10 Retlrement benents
Payments to defined contribution retirement benefit schemes are Charged as an expense as they fall due.
Donations and legacies
Unrestrlcted
funds
Total
2024
2023
Donations and 8ifts
loo
Income from charitable activities
Unrestricted
funds
2024
Unrestrlcted
funds
2023
Charitable Income
Sale ofgoods
212,895
211.083
Income from investments
Unrestrlcted Unrestricted
funds
funds
2024
2023
Income from listed investments
Interest receivable
4,406
6,298
3.496
5,055
10,704
8,551
13

THE ANDROS ALMSHOUSE CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Expenditure on raising funds
Unrestricted Unrestrieted
funds
funds
2024
2023
Investment management
2,123
2,278
Expenditure on charitable activities
Charitable
Charitable
Expenditure Expenditure
2024
2023
Direct costs
Depreciation and impairment
772
Share of support and governance costs (see note 7)
Support
Governance
238,991
5,156
181,742
6,180
244,919
187,922
Analysis by fund
Unrestricted funds
244,919
187,922
14-

THE ANDROS ALMSHOUSE CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Support costs
Support Governance
costs
COSts
2024 Support costs Governance
costs
2023
Staff costs
Rates and council tax
55,967
296
24,847
10.464
55,967
296
39,517
39,517
24.847
10,464
30.436
2,597
30.436
2,597
Electricity
Repairs and
improvements
Water rates
Professional fees
Insurance
Telephone
Printing and stationery
Sundries
119,642
9,582
2,135
3,410
3,149
119,642
9,582
2,135
3,410
3,149
624
84,169
6,154
5,607
3,955
2,191
84,169
6,154
5,607
3,955
2,191
773
624
773
7,666
1,833
7,666
1,833
5,531
1.585
5,531
1.585
Event costs
Independent
examination fees
Bookkeeping fees
Trustees expenses
3.060
1,276
196
3.060
1,276
196
2.946
1,108
1.353
2,946
1,108
1.353
238,991
5,156
244,147
181,742
6,180
187.922
Analysed between
Charitable activitie5
238,991
5.156
244.147
181,742
6,180
187,922
Net movement in funds
2024
2023
The net movement in funds 15 Stated after chargingl{creditingl'.
Fees payable for the independent examination of the charity's financial
Statements
Depreciation of owned tangible fixed a55ets
3,060
772
2,946
Trustees
None of the trustees lor any persons connected with them) received any remuneration during the year. but
a trustee was reimbursed a total of £32 for travelling expenses {2023 £1,150), £nil for computer setup
expenses12023 - £1,165) and £nil for entertaining expenses12023 £2641.
15-

THE ANDROS ALMSHOUSE CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
10 Employees
The average monthly number of employees (other than trustees who are on a part-time basis and who are
not remuneratedl during the year was..
2024
2023
Number
Number
Admin staff
Employment C05tS
2024
2023
Wages and salaries
Other pension costs
55.760
207
39,193
324
55.967
39,517
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel
The remuneration of key management personnel was as follows..
2024
2023
Aggregate compensation
41,769
12.940
11 Gains and losses on investments
Unrestricted Unrestricted
funds
funds
2024
2023
Gains/llossesl arising on..
Revaluation of investments
Sale of investments
19.429
11401
119,1011
11,9401
19,289
121,0411
12 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
16

THE ANDROS ALMSHOUSE CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
13 Tangible fixed assets
Freehold land
IwihJing5
Fixtures and
flttln8s
Totsi
Cost
At l April 2023
Additions
Revaluation
4.510.000
4,510,000
15.421
400,000
IS.421
400,000
At 31 March 2024
4,910,000
15,421 4,925.421
Depreciation and Impairment
Depreciation charged in the year
772
772
At 31 March 2024
772
772
Carrying amount
At 31 March 2024
4,910,000
14,649 4.924,649
At 31 March 2023
4,510,000
4.510,000
The carrying value of land included in land and buildings comprises-
2024
2023
Freehold
4.910,000
4,510,000
A revaluation which was based upon the freehold open market value was carried out by Graves Jenkins,
Chartered surveyors. on 29 February 2024.
The historical cost of the property is £1,432,642.
17

THE ANDROS ALMSHOUSE CHARITY
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2024
14 Fixed asset investments
Listed
investments
Cost or valuation
At l April 2023
Additions
Valuation changes
Disposals
303,273
16,358
19,289
19,1381
At 31 March 2024
329,782
Carrying amount
At 31 March 2024
329,782
At 31 March 2023
303,273
2024
2023
Investments at fair value comprise..
Fixed interest
Equities
Alternative investments
M&G Charibond Charities Fixed Interest
42.929
118,890
20,248
147,715
32.633
103,800
20,909
145.931
329,782
303.273
15 1)ebtor5
2024
2023
Amounts falling due within one year..
Trade debtors
Prepayments and accrued income
3,599
2,578
2,338
6,177
2,338
18

THE ANDROS ALMSHOUSE CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
16 Current asset Investments
2024
2023
Broker deposit account
89,176
88,675
17 Creditors." amounts falltng due within one year
2024
2023
Notes
Deferred income
Trade creditors
Other creditors
Accruals
18
1.203
1,025
575
3,830
2,195
1,194
5,332
6.947
9,750
12.551
18 Deferred income
2024
2023
Other deferred income
1,203
3,830
19 Retirement benefit sthemes
2024
2023
Defined contrlbution schemes
Charge to profit or loss in respect of defined contribution schemes
207
324
The charlty operates a defined Contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the charity in an independently administered fund.
19-

THE ANDROS AUWSHOUSE CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
20 Endowmenl funds
Endowment funds represent assets which must be held permanently by the charity. Income arising on the
endowment funds can be used in accordance with the objects of the charity and is included as unrestricted
income. Any capital gains or losses arising on the assets form part of the fund.
At l April 2023
Transfers At 31 March
2024
Permanent endowments
197,600
3.200
200,800
Previou5 year:
At l April 2022
Transfers At 31 March
2023
Permanent endowments
3,200
3,200
194,400
Restricted permanent endowfflenl
194,400
194,400
3,200
197,600
21 Unrestricted fund5
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
At l April 2023
Incoming
resources
Resources
expended
Transfers
Gains and At 31 March
losses
2024
General funds
Revaluation
reserve
4,765,345
224,896
1247.0421
13,200)
19,289
4,759,288
400,000
400,000
Previous year: At l April 2022
Incoming
resources
Resources
expended
Transfer5
Gains and At 31 Mar¢h
losses
2023
General funds
4,758,945
220.841
1190,2001
13,2001
121,0411
4,765,345
-20-

THE ANDROS ALMSHOUSE CHARITY
NOTESTO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
22 Analysls of net assets between funds
Unrestricted Endowment
funds
fund5
2024
2024
Total Unrestricted Endowment
funds
funds
2023
2023
Total
2024
2023
Fund balances at
31 March 2024 are
represented by=
Tangible assets
Investments
Current
assets/(liabilitiesl
4.723,849
329,782
200,800 4,924,649
329,782
4.312.400
303,273
197.600 4.510.000
303,273
105,657
105,657
149,672
149,672
S,159,288
200.800 5.360,088
4,765,345
197,600
4,962,945
23 Related party transactions
Payments of £nil 12023- £4,680) for repairs and maintenance costs were made to Mr Russell Owen, Mrs
Vivien Rowbotham spouse, on a normal commercial ba51S.
Payments of £1,300 {2023: £nill for website design costs were made to Jamie Hall, son of trustee Jackie Hall.
on a normal commercial basis.
Payments of £20,813 {2023'. £nil} for phone and IT systems were made to Cloud Voice and Data, where
trustee Jackie Hall worked for Cloud Voice and Data during this period. £15,241 were paid for the installation
of the new solar panels.
21