Charlty numbèr: 245824
The Cooper and Adkinson Almshouse Charity
Unaudlted
Trustees. report and financlal statements
For the year ended 31 March 2024

Tho Cooper and Adklnson Almshouse Charlty
Content8
Page
Tru8to•$
Rofergnce and adminlstrative detalls of the charlty and advlsers
Tru8t8e$' roport
Indepèndont examlnorfs report
statement of financlal actlvlti88
Balance S￿0t
Notes to the flnanclal statements
10-19

The Cooper and Adkln$on Almshouso Charlty
Trustees
For tho year end•d 31 March 2024
Trustees & offlcars
Rev M Griffln, Ex-officio Trustee (resigned 31 March 2024)
Mrs C Robinson. Ex-officio Trustee {reslgned 14 May 20241
M Keeler-walker Esq, Ex-officio Trustee
C B Wacher Esq - Chairman. Coryoptative Trustè8
Mrs P Coare, Co-optative Tmstee
Canon C Gower, C￿0ptaI￿Ve Trustee
T B Wacher Esq - Traasurer, Co-OPtBtlve Trustee
S Anderson Esq. Co4OPtativ8 Trustee {appolnled 22 August 2024)
Mrs K Lovell, Co-optatlve Trustee (appolnled 22 Augu512024)
L G Andrews Esq, Trustee Emeritus (deceased 17 Sept6mber 2023)
Mr R Crick, Clerk
Page 1

The Cooper and Adklnson Aimshouso Charlty
Rofvrence and adminlstrJtlv• details of the charlty and advlsorg
For tho year ondad 31 March 2024
Regulator of Soclal Houslng registratlon number
A3783
Charlty reglstered numbèr
245824
Prfnclpal offlce
St Martin and St Paul'8 P8rlsh Office
Church Street (St P8uls)
Canterbury
Kent
CT11NH
A¢¢ount4nts
B8t¢h8lor Coop Llmlted
Charterèd AccoLJntants
The New Bam
Mill Lane
Eastry
Kent
CT13 OJW
Bankers
Lloyd8 Bank plc
49 Hlgh Street
Canterbury
Kent
CT12SE
Pag8 2

The Cooper and Adkln8on Almshouse Charlty
Trustee8' report
For the year ended 31 March 2024
The Trustees presènt their annual report together wlth thè financlal statements of the Charity for the year 1
April 2023 to 31 March 2024.
Objectives and Actlvitiès
Polleles and oblectlvès
The Charity Commission scheme governlng the chadty provldes that almshouses shall be provided for poor
persons of good character who lexcepl In special cases to be approvgd by the Charity Commis5ion} are
inhabitants of Canterbury with, where possible, Iwo almshouses being occupied by poor widows previously
resident in the former ecclesiastical parish of St Paul Canterbury.
Actlvitles for achieving objectives
The main objeclSve of the Charity is mel by ihe provision of alrnshouse accommodation in 6 almshousas at
Lower Chantry Lane, Canterbury.
Further to this. the Charity will insure, repair, maintsin and improve the Almshouse propertigs in Its possession.
The Trustees have a dlscretion to apply surplus Income for the benefit of any or all of th8 resldents.
Subject to the above provisions conGernin9 the qualifi¢aknons for houslng and to the practical limitations in the
nature of the accommodation, including Ihal no warden or c8re facS1itles are provlded. the Truslees do not
discriminate on grounds of race, rellgion, disablllly or other protected characterlsllcs and will Consider
applicants from all parts of the community.
In pursuance of the Charity's objectives for the year, the Trustees have considered the Charities Commis5i0n
guidance on publlc bènefit and conslder that this has been complled with.
Achlevements and performance
Key flnanclal pèrformance Indlcators
The Charills key flnanclal performance indicator Is the level o181m8hou8e occupancy. Durfng the year, the
Charity achieved 1000/0 occupancy (2023., 10001.).
The Charity also monitors Ihe need for rnainlenance to Ihe almshouses and the level of expenditure on Ihe
maintenance of thé alrnshouses. During Ihe ￿ar malnlenance expenditure was £31,038 {2023.. £7,883). The
level of expenditure incurred in any yèar reflects the implemenlalion of recommandations arising out of the
Charills last Quinquennial inspection and other matters identified as ￿qUiring attention in each period.
During the year, the chariws listed investments showed an overall return Icomprislng tha movement in the
underlylng asset value and distributlons received) of a positiv8 9.401012023: nogatlve 0.601.), this compares to a
total return on the FfsE all share indox of positive 7.6010 (2023 posltlve 3.Ol/lDI.
Review of actlvltios
The Trustees mel five Ilm8s from 1 Aprll 2023 to 31 March 2024. The full board was chaired by Chrlslopher
Wacher with Pamala Coare facilitating meeting5 of the Executive Subcommittee in 8SSlSting the Trustees lo
fulfil the Charllls stated alms and oblectlves.
The Ch8rity is activ8ly looking to fill co-oplative trustee vacancies (posts filled after year-end> and awaits the
appolntment of a new benefice incumbent to be an ex officio trustee.
Trustees, and officers, commltment has been signiflcant with administralive work being carried out through
maetings and via email. Not insignificant physical works have beon C2rri6d out to the almshouses during the
course of the year. Shortly after the year end one resident sadly died and the vacated almshouse wlll now ne6d
Substantial refurbishment before being appointed to a new resldent.
Major support to re51dents (partlcularly those with health problems) has been provlded by the pastoral team
particularly ¢omprising: Pamela Coare, Christine Robinson (now reslgned) and Jennlfer Lleweltyn.
Page 3

The Cooper and Adklnson Almshouse Charity
Trustees. report (contlnued)
For the yoar endftd 31 March 2024
Rovlew of actlvltles Icontlnuedl
Wllhin the requirements of (he Bribery Act 2010 the Trustees continue lo recognise their legal duty to
safeguard the Charlly's assets 3nd lo act wSlh such skill and care as is reasonable in all circumstances, wher8
appropriate uslng professlonal sklll and knowledge.
Annual Returns required by Home5 England and the Charlly Commis51on w8re completed and submStted by
Tom Wacher (Hon Treasurer and Irusteel. The 2023124 budget was dlscussed and agreed wlth the Weekly
Maintenance Contributions paid by each resldenl bglng slightly Increased (generally to £75 a week}.
Golng conGern
After maklng approprlale enqulrles, the Tru8tee5 have a reasonable expectatlon thal the Charity has adequate
resources to conllnue in operalional existen¢e for the foreseeable future. For thls reason, Ihey continue lo
adopt the going concern basls in preparing the flnanclal statement8. Further dolalls regardlng the gdopilon of
the 9olng concem basis can be found In the accounting polScies.
Prlnclpal rlsks and uncertalntlos
The principal Tlsks whlch the Charity faces are in rèlation lo Ihe16vel of almshousé occupancy that the Charity
achleves, the malnlenance of the Charltls almshouses and the perfomiance of the Charitys Investments.
These risks and uncertainties are monitored through the use of key performance indicators as set out above.
Flnanclal review Ilneludlng reserves and Investment pollcyl
The Charlly's total reserv8s are £495.20Q12023: £495,958). Of this £258,019 {2023,' £256,019) relales to the
cost of Ihg Charlty's property and £93,79612023'. £85,916) of PBrmanont endowment funds are held In incom8
generallng Inveslmenls, The rem8lning £145,385 (2023., £154.023) Is available for the Ch8rltl8 everyday
expendllure and other designated purposes, of this £85,860 (2023: £82,863) is held in Income generallng
Investments wlth the b8lance h61d on short 16rm deposit or Instant access account8. Reserves are rèviewed on
an ongolng bashs to ensure that they are adequa16 lo fulfil the Charity's continulng obligations.
strueturo. govemance and management
Constitutlon
The Charlly Is managed under a Charity Commisslon Schem8 dated 7 Seplomber 1987, a5 amended by
Trustee resolution of 8 July 2021, from an amalgamation of the Thomas Sankey Cooper and Henry Cooper
Almshouses and Ihe Charity of John Adkinson for Almshouses.
The Charlty was registered by tha Charlty Commisslollers for England and Wales on 13 December 1965 an(J
numbered 245824. It is also regisl(8red wSlh the Regulalor ol Soclal Houslng Iprevlously the Homes and
Communilles Agency and the Tenant Sorvices AuthoTltyl as a Houslng Association numbered A3783.
There have been no changes In tha objectlves slnce the last annual report.
Method of appolntmènt or electlon of Trustees
Ex-offlclo Trustees aro the Rector and ChurGhwardens of the Eccleslastlcal Parish of St Martin and Sl Paul,
Canlerbury. Co-oplalive Trustees are appointed for a term of five years by resolution of the Trusle8s.
The names of the Truste6s who seNed during the year are shown on page 1.
Pollcle$ adoptsd for the Induction and tralning of Trustees
Once a new Trustee Is appointed, they are given a copy of the Charity Commission Scheme, a sel of the last
accounts and a brief history of the Charlly. They are encouraged to wsit an alm8house to belter their
understanding of the Charivs a¢tivities.
Trustees are kept up to date as they recelve regular update5 from the Charity Commisslon.
Future developments
The Charity wlll conllnue to monitor the lovel of Its maintenance contributions and the standard of ils
almshous8 properties to achieve a5 high a level of occup8ncy as possible. Over the last 5 years, occupancy
has averaged 100 /# and the Chartty budgets to achieva an occupancy level of 92.5Q/o.
Page 4

The Cooper and Adklnson Almshouse Charlty
Trustees. report {contlnuedl
For the year ended 31 March 2024
As noted above, during the year, the Charity continued its investment In the maintenanc8 and improvement of
the almshouses resulting in total repair and maintenance expenditure Df £31,03612023: £7.883). In addillon to
providing for gengral mainl8nanc8 costs, the Charity sets aside amounts for cycllcal and extraordinary
maintenanc8 C0515 In Ilne with the guidance provided by the Almshouse Associatlon which in the year totalled
£9.708 {2023.' £8,682}. Designated balances carried forward on these fund5 total £48,285 (2023: £63,203).
Costs can fluctuate sigriificanlly be￿een actual and amounts set aslde dependlng on the schedullng of works
arising from the Charit15 latest Quinquennial inspection and matters arising in the year.
The Charivs Executive committee monilor Ihe performance of the Charity's Investments to ensure that the
relL3rn generated on the investments is appropriate to the risk profile of those investments and the Charity's
own risk profile.
Trustees. responsibilities Statement
Th& Trustees are responsible for preparing the Truste8s' rèport and the flnanclal statements In accordanc8
with applicable law and Unlled Kingdom AcGounting Standards IUnit8d Klngdom G8n8rally AGcapted
Accounting Practice).
The law applicable lo charities in Engl8nd & Wales r8qulres the Trustees to prgp8re financl81 statements for
each financial y9ar which give a true and fair view of Ihe state of affalrs of Ihe Charity and of Ihe incoming
resour¢es and application of resources of the charily for that perfod. In preparing these financial statements,
the Trustees ar8 required lo,.
select sultablp accounting policies and then apply them ¢onslstenlly,'
observe th8 methods and prin¢lples in the Charities SORP (FRS 1021.,
make judgments and accounllng eslimates that are reasonable and prudent.,
state whether 8pp1icable UK Accounting Standards IFRS 1021 have been fallowed, subject to any
material d8partures disclosed and explainad in the financlal slalemenls.,
prepare the financial statements on the going concem basis unless it is inappropriate to presume th8t
the charity wlll continue In op8ralion.
The Trustees are responsible for keeplng proper accounting records that are sufficl8nt to show and explain th&
Charitys tr8nsactions and disclose with reasonable accuracy at any time the financial position of the charity
and en8lJe them to ensure that thè nnanclal statements comply with the Charlties Act 2011, the Charity
(Accounls and Reports) R8gulalions 2008 and thè provlsions of thé trust deed. They are asso rèsponsible for
safeguarding the assets of the Charity 8nd hence for taking reasonabl8 steps for the prevèntion and detection
of fraud and other Irregularitles.
This reportwas approved by thé Trustees, on
and signed on their behalf by:
C B Wacher Esq- Chairman, Ca-optalive Truslee
Mrs P Coare, Co-oplalive Trustee
Page 5

The Coopor and Adklnson Almshouse Charlty
Independent 6xamlnerfs report
For the year ended 31 March 2024
Independent 6xamln8r's report to tho Trustees of The Cooper and Adkinson Almshouse Charlty {the
'charlty')
I report to the charity Tru51ees on my examination of the accounts of Ihe charity for the year ended 31 March
2024.
Thls report Is mado solely lo the Charills Trustees, as a body, In accordance wlth Part 4 of the Charities
IA¢count5 and R8POrts} Regulations 2008. My work has been undertaken so that I might stste to the Charitvs
Trustees those matters l am required to state lo Èhern in an Independent examiner's report and for no other
purpose. To the fullest extent permitled by law, I do not accepl or assuma responsibility to anyone other than
the Charity and the Charivs Trustees as a body. for my work or for this report.
Responsiblllties and basls of report
As the Trustees of the Charfty YOU are responsible for the preparatlon of the accounts in accordance wlth the
requir8menls of th8 Charlli8s Act 2011 ('the 2011 Act'l.
I report In respect of my exgmlnatlon of Ihe charStys account5 carrl8d out under section 145 of thè 2011 Act
and In Carrying out my examinallon I have followed all the applicable Direcli¢ns given by the Ch8rSty
Commlsslon under secllon 145{5}{b) of the 2011 Act.
Independent examlnpf's Statement
Your attontlon is drawn to the fact Ihal the charity has prepared the accounts in accordance with Atscountlng
and Reportlng by Charities.. Stalemenl of Recommended Pr8cllce 8pplicable to charllies preparlng Ihelr
8ccounts acoordanc8 Wlth the Financial Rèporting Standard appllcable In the UK end Republic of Ireland (FRS
1021 In prefBrence to the AccounlSng and Reportlng by Charllles.. Statoment of Recommended PractlGe Issued
on 1 Aprfl 2005 whl¢h Is referred lo in the oxtant regulations but has been withdrawn.
l under6tand that this has been done In order for the accounts to provld8 a true and falr view in accordance
wlth Ihe Generally Accepted Accounting Practice offectiv& for reporllng periods beginning on or aft8r 1 January
2019.
I have completed my examination. I can confirm Ihat no matters have corne to my attention in connection with
Ihe exarninatlon giving me ¢ause lo belSeve that in any materlal respect:
accounting records were not kept In respecl of the charity as required by seclion 130 of the 2011 Act,. or
the aG¢ounts do not accord with those records.. or
the accounts do not comply wblh the applicable r8quSrernents conc8rnlng the form and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requlrement
Ihat the accounts glve a 'true and fair, view which is not a matter considered a5 Part of an Indopendent
ex8mination.
Page 6

Th¢ Cooper and Adklnson Almshouse Charlty
Indopendent examlnerfs report l¢ontinued)
For the year ended 31 March 2024
I have no concams and have com8 across no other matters in connection wlth the examinatlon lo whlch
attention should be drawn in thls raport in order to enable a proper underslanding of the a¢￿Unts to be
reached.
Slgned:
Dated..
$0fv120,.
M Batchelor
FCA
Batchelor Coop Limited.
The New Bam,
Mill Lane,
Eastry,
CT13 OJW
Kent
CT12TU
Page 7

The Cooper and Adklnson Almshouso Charlty
statement of flnan¢lo1 actlvlties
For the year ended 31 March 2024
Endowmènt Unrestricted
fvnds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Note
Income and endowments from:
Charitable actlvStles
Investments
21,268
5,288
21,268
5,288
21,038
4,840
Tolol Income and endowments
26,556
26,556
25,878
Expendlturo on:
Charitable advities
38,192
38,192
14,402
Total axpendlture
38,192
38,192
14,402
Nèt Income l (expendlture) before
Investment galnsl{losses)
Net gainslllosses) on investments
Nèt Income l (expendlturel before oth6r
ro¢ognlséd galns and losses
Net movoment In funds
(11,636)
2,996
(11,636)
10,877
11.476
14,323)
7,881
7,881
(8,640)
(759>
7,153
7,881
(8,640}
(759)
7,153
Reconciliatlon of funds:
Total funds brought forward
85,915
410,044
495,959
488,806
93,796
401,404
495,200
495,959
Total funds carrl8d forward
The notes on pages 10 10 19 form part of these financial statements.
Page 8

The Cooper and Adklnson Almshousè Charlty
Balance sheet
As at 31 March 2024
2024
2023
Note
Flxed assels
Tangible assets
Investments
256,019
179.656
256,019
168,780
435,675
424.799
Current assets
Debtors
Cash at bank and in hand
592
60.332
507
72,053
60,924
72,560
Credltors: amounts falling due within one
year
10
(1.399)
11,400)
Net curront assets
59,525
71,160
Net assots
495,200
495,959
Charlty Funds
Endowment funds
Unrestricted funds
12
12
93,796
401,404
85.915
410,044
Total funds
495,200
495,959
The financi81 slatem8nts were approved by th8 Trustees on
and signed on their behalf, by:
C B Wa¢her Esq - Chairman, Co-optatlve Trustee Mrs P Coarè, Co.optatlve Trustee
The notes on pages 10 to 19 form part of these financial stat8ments.
Page 9

The Cooper and Adklnson Almshouse Charlty
Note$ to the financlal statemenls
For the year endod 31 March 2024
Accounting poll¢lo$
The Cooper and Adkinson Almshouse Charity is an unlncorporated charity registered in England and
Wales.
Th8 Charity's principal office is at st MartSn and St Paul's Parish Office, Chur¢h Streat (St Pauls),
Canterbury, Kent, CT1 1NH.
1.1 Basls of preparatlon of flnanclal statements
The financl81 slalemènts have been pr8pared to glve 8 'true and falr, vlew and have departed from
the Charilles (Accounls and R6ports) Regulatlon$ 2008 only to lh6 extent requlred lo provlde a 'lrue
and falrf view. This departure has Involved followlng the CharitS6s SORP IFRS 102} published on 16
July 2014 rather than the Accounting and Reporting by Char511es.' Statement of Recommended
Practlce effective from 1 Aprll 2005 whloh has since b&en withdrawn.
The flnanclal statemenls have been prepared under the hlslorical Gosl ttinventlon with items
re¢ognlsed at cost or Iransactlon value unloss olhewise slated In Ihe relovant notes to Ih95e
accounts. The financial stal8monts have been prepared in accordance with the Slalement of
Recommended Practice.. Accounting and Reporting by CharilleB preparing their accounls in
accordance with the Financial Reporting Slandard applicable In Ihe UK and Republic of Ireland IFRS
102) (effective 1 January 20191, the Financial Reporiing Standard 8ppllcable in the United Klngdom
and Republic of Ireland IFRS 102} and Charilies A¢t 2011.
The Cooper and Adkinson Almshouse Charity constitutes a publlc benefit entlty as defined by FRS
102.
1.2 Golng concern
The Trustees assess whether the usè of golng concern is approprlate 1.8. whether there are any
materlal uncertalnties related to events or condltlon5 that may cast signlficanl doubl on the ablllly of
the Charlty to conlSnue as a going concern. The Trustees make Ihls assgssment In re5pecl of a
perlod of al least ona year from the dale of authorlsation for Issue of the financial statements and
have concluded Ihal the Charily has adequate resources to conlinue in op6ralional existence for the
foreseeable future and there are no malerfal uncertainlles about the Charltls ablllty lo continue as a
going concèm, thus they conllnue to adopl Ihe golng ¢onGern basls of accounting in preparlng the
financial slaternènts,
1.3 Investments
Flxed assel investments are a form of flnancial instrument and are Initially recognlsed al their
transactlon cost and subsequently measured at fair value at the Balance Sheet date, unless falr
value cannot be measured rellably In whlch case they are measured at cost less impairmont.
Investment gains and losses, whether reallsed or unrealised, are combined and shown in the
heading 'Gainsl(losses1 on inv8slmenl8' in the Statement of financial adivities.
Page 10

The Cooper and Adklnson Almshouse Charity
Nota$ lo tho flnan¢ial Stalomonts
For thé year ended 31 March 2024
Accountlng policles (contlnuedl
1.4 Tangiblo flxed assets and dépreclatlon
Tanglble fixed assets are slated at cost less depreclatlon.
The Cooper and Adkinson Almshouses were conslrucled circa 1900 and £1,750 has been attrlbuted
lo the original cost. The Housing propervs costs relate to Improvements carried out slnce 1987
which were funded by a Housing Association grant,. a mortgag8 loan from Housing Corporation
secured by a charge on housing. land and buildings: and from the Charivs own resources.
The Charity capitalises expenditure in relation to the construction or extension of its propertles.
Expenditure relating to the replacement of an asset that already exists. including expenditure when
due to the passage of time the replacement asset is considered to be an improvement on the
original asset, is written off to the income and expenditure accounl.
The e8timated residual values of the ChariW8 freehold properlies are Gonsldered to be in excess of
this nel book value. The Trustees are of the opinion that any depreciation in respect of the Charivs
freehold properties would be immaterlal and consequently no provision Is made in the accounts for
such depreciation in order to achieve a fair pr8senlalion. The Trustees will review these propertles
on an annual basls on order lo ensure that no provislon for Impalrmenl 18 requlr8d.
1.5 Fund accountlng
General funds are unrestricted funds which arè available for use at the discretion of the Trust86s in
furtherancé of the general objecllves of the Charity and which have not been designated for other
purposes.
Designated funds comprlse unreslrict8d funds that have b8en set asld8 by the Trustees for
particular purposes. The aim and use of each designaled fund is set out In the notes to the financial
slatements.
The Permanent Endowment Fund Is managed on an income only basis. Monies are held In fixed
asset investments wlth the Income from these investments being applied to further the objectives of
the Charity. Movements In tha capital value of the investments are retained within tha Permanent
Endowment Fund.
Inv8Stment income, gains and losses are allocated io the appropriate fijnd.
1.6 Income
All Income is recognised once the charity has entitlement to the Income, it is probable thal the
incom8 will be received and Ihe amount of income receivable can be measured reliabty.
1.7 Expendlture
Expenditure is recognised once there is a legal or construclive obligation to transfer economic
benefit lo a third party, it is probable that a transfer of economic benefits will be required in
settlement and the amount of tho obligation can be measured reliably.
Chorltabl8 aclSvltles and Governance Bosts are costs incurred on the charitvs operallons, Including
support costs and costs relating to the govemance of the charily apportioned to charltable activities.
Page11

The Cooper and Adklnson Almshouse Charlty
Notes to th• financlal stotemants
For the year ended 31 March 2024
Ac¢ountlng polieies (continuèd)
1.8 Government granls
The Charity has received Housing Association Grant {HAG) from the Housing Corporation towards
tho cost of flxed asset devèlopment. Und8r the Charitles SORP 2019, the Charlty has recognised all
of thls Income as grant Income in the year th81 it is recelved and the performance condlllons are
met. HAG Is repayable under Certain circumstances, primarlly following the sale of a property but will
nomially be restricted to net proceeds of sale.
1.9 Interest receivable
Interest on funds held on depos11 is included when receivable end Ihe amount C8n be measured
reliably by the Charity- this is normally upon notification of the intorest paid or payable by the Bank.
1.10 Cash at bank and In hand
Cash at bank and In hand includes cash and short term highly liquid invèstments wlth a short
maturity of three months or less from the date of acquisition or openlng of the deposit or similar
account.
Investment incomo
Endowment Unrestrlcted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
othar inveslment Income
5,288
5,288
4,840
Totsl 2023
4,840
4,840
Incomlng resources from charltable actlvltles
Endowment Unrestrlcted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Weekly maintenanGe contributions
21,268
21,268
21,038
Total 2023
21,038
21,038
Page 12

The Cooper and Adklnson Almshouse Charlty
Nole5 to the financlal 5tatem¢nts
For tho year ended 31 March 2024
Charltable aetlvltles
Endowment Unrestrlcted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Insurance
Repairs and maintenance
Gifts to residents
Essantial services grants
Electricity and water rates
Gardening
Window c18aning
Subscriptions
Sundry
Honoraria
A¢counlancy fees
1,527
31,036
1,050
1,500
263
1,020
210
473
13
750
350
1,527
31.036
1,050
1,500
263
1,020
210
473
13
750
350
1,291
7.883
450
1,410
230
1,000
150
524
62
500
902
Total
38,192
38,192
14,402
In 2023, all 8xpenditure was from unre$trictod funds.
Net Incomèl(expendlture}
During the year, no Tnjstees received any remuneration {2023 - £NILI.
Durlng th8 year, no TnJstee8 received any beneflts in kind (2023 - £NIL).
1 Truste8 rècelved relmbursement of expenses amounting to £663 in the CUrr￿t year. (2023
Trustees- £NIL>.
Auditors, remuneration
Thè Independent Examinerfs remuneration amounts to an Independent Examination fee of £ 35012023 -
£ 902).
Page 13

The Cooper and Adkinson Almshouse Charlty
Notes to the financlal ststement8
For the yèar endod 31 March 2024
Tanglble flxed assets
Houslng
Land and
buildlngs
Cost
At 1 April 2023 and 31 March 2024
256,019
Depreciation
At 1 April 2023 and 31 March 2024
Net book value
At 31 March 2024
256,019
At 31 March 2023
256,019
The Almshouses were constructed circa 1900. £1,750 is attributed to Ihe origlnal cost, The above delalls
relate to the origin81 cost and improvements carried out slnce 1987 which were funded by a Houslng
Corporation Grant of £178,697 and Residual Mortgage Loan of £33,355 now fully repaid. The balance of
£43,968 was provided from the Charitls own resources.
All the land and buildings held are freehold and all the properties are for the OGGupation of alm5persons.
There are 6 Almshouses.
Thè carrylng value of the Almshouse5 is substantially less than its market value In the opinion of the
Trustees. The almshouses are currently insured for £1,384,062 (2022.. £1,150 032).
Page 14

The Cooper and Adklnson Almshouse ChaTity
Notes to the flnancial statements
For the yoar ended 31 March 2024
Flxod asset Investments
Llsted
securlties
Market value
At 1 Aprll 2023
Revaluations
168,780
10,876
At 31 March 2024
179.656
Historical cost
108.9S6
Material investment$
31 March
2024
31 March
2023
COIF Charllies Investment Fund - Income units
Schroders Equity Fund accumulatlon units
M&G NAACIF- income units
93,796
26,451
59,409
85,915
24,494
58,371
179,856
168,780
Malerlal restrlctlons
The scheme for the regulation of the Charity provides that up to £28,537 may be applied towards the cosl
of r8palrlng end modemislng the Almshouses but that any such loan by the Permanent Endowment Fund
shall be repaid by a sinking fund over a period of thity yéars by investment into a separale designatéd
account.
Debtors
2024
2023
Olher debtors and prepayments
592
507
10.
Creditors: Amounts falling due withln one year
2024
2023
Trade creditors
Other creditors and acGruals
750
649
500
900
1,399
1.400
Page 15

The Cooper and Adkln80n Almshou8e Charfty
Not05 to tho flnanclal statsments
For the y•ar and•d 31 Mar¢h 2024
11. Analysls of nèt assets between funds
Analy818 of net a$$ets btheen funds - current yoar
Endowment Unre5trlctsd
funds
funds
2024
2024
Total
funds
2024
Tanglble fixed assets
Fixed asset Investments
Current assets
Credltors du8 withln one year
256.019
85,860
60,924
11,3991
256.019
179.656
60,924
(1,399}
93,796
93.796
401A04
495,200
Analysls of net assets between funds - prlor year
Endowmeni Unrestrfcted
fund8
funds
2023
2023
Total
fvnds
2023
Tangible fixed assets
Flxed asset investm8nls
Current assets
Credltors due wlthln on8 year
256,019
82,865
72,580
{1,400)
256,019
168,780
72,560
{1,400)
85,915
85,915
410,044
495.959
Page 16

The Cooper and Adkln8on Almshouse Charlty
Notes to the flnanGlal statements
For the year ended 31 March 2024
12. Statement of funds
Statement of funds - current year
Balance at
31 March
2024
Balance al
1 Aprll 2023
Transfers
Inlout
Gainsl
(L05ses)
Income
Expenses
Designated funds
Cyclical Repair Fund
Extraordinary Repair Fund
43,783
19,420
127,269)
6,024
3,684
22,538
2S,747
2.643
63,203
(27,269
9,708
2,643
48,285
General funds
General Funds
346,841
26.556
110,923)
(9,708}
353
353,119
Total Unr95tricted fund5
410,044
26,556
(38,192)
2,996
401,404
Endowment funds
Endowment Funds
85,915
7,881
93,796
Total of funds
495,959
26,556
138,192)
10,877
495,200
Slatement of funds . prior year
Balance at
31 March
2023
Balance at
1 April 2022
Transfers
inlout
Galnsl
(Losses)
Income
Expenses
Deslgnated funds
Cyclical Repair Fund
Extraordinary Repair Fund
39,907
21,083
(1.512)
(4,957)
5,388
3,294
43,783
19,420
60,990
16,469)
(7.933)
8,682
63,203
General Funds
338,565
25.878
{8,6821
{987)
13,3361
346.841
Endowment Funds
8g,251
85.915
Page 17

The Cooper and Adklnson Almshouse Charlty
Notes to the financlal statements
For the year onded 31 March 2024
12. Statement of funds {continued)
Summary of funds- current year
Balance at
31 March
2024
Balance at
1 Aprll 2023
Transfers
Inlout
Galnsl
(Losses)
Income
Expenses
Designated funds
General funds
63,203
346,841
(27.269)
(10,923)
9,708
(9.708)
2,643
353
48,285
353.119
26,556
410,044
85.915
26,556
(38,192)
2,996
7,881
401,404
93,796
Endowment funds
495,959
26,556
(38,192)
10,877
495,200
Summary of funds - prlor year
Balance at
31 March
2023
Balance at
1 Aprll 2022
Transfers
inlout
Gainsl
(Losses)
Income
Expenses
Designated funds
General funds
60,990
338.565
16,469)
{7,9331
8,682
(8.682)
63,203
346,841
25,878
{987)
399,555
89.251
25,878
{14,402)
{987)
(3,3361
410,044
85.915
Endowment funds
488,806
25,878
114.4021
(4,323}
495,959
D&slgnat8d fund - Cycllcal Ropalr Fund
The scheme for the regvlatlon of the Charlly roquires that the Trustees shall eslabllsh a res8rve fund for
the purpose of providlng for those items of ordlnary malntenance and repair whSch r8cur 81 Infrequent
InteNals. The minlmum annual sum to be set aslde as advlsed by the Almshouse assoclallon Is £1,004
per dwelling (total £6,Q24}. Costs are charged lo the Income and expendlture account In the year In whlch
they are incurred.
Designated fund- Extraordlnary Repair Fund
The scheme for the regulation of the Charity requir&s that the Trusteès shall Bstablish a r&serv8 fund for
the purpose of providing for extraordinary repaif. Improvoment or rebullding of the Almshouses. The
minimum annual sum to be sel aside as advlsed by the Almshouse associalion Is £614 per dwelllng (lolal
£3,684). Costs of exlraordinary repalrs are charged to the income and exp6n(iiturè account In the year in
which thay are incurred, costs of rebuilding the Almshouses would be Ire8ted as capll&l expend11ure,
Endowment fund
Income from the Charivs permanent endowment is avallable to be applled against the CharlW5 general
expenditure. Movements in the value of the permanent endowment funds held as fixed asset investments
are retained in the pomianenl endowment fund to fund future exp8nditure.
Page 18

Thè Coopèr and Adklnson Almshouse Charlty
Notè5 to the flnancial $lat•m&nts
For th• year ènded 31 March 2024
13. Related party traniactlons
Except as d16¢1osed In not8 5 above, there have been no transactlons wlth any relatéd partles of the
Charity.
Page 19