Charlty number: 245824
The Cooper and Adkinson Almshouse Charity
Unaudlted
Trustees. r•port and financlal ststements
For the year ended 31 March 2025

The Coopgr and Adklnson Almshouso Charlty
Contonts
PBge
Trusteos
Refgrnn¢e and admlnlstratlve deta115 01 the charlty and advlser8
TnMtèo8' report
Independent exarnlner's report
Statsment of flnanclal actlvltlèg
8alanG¢ sheet
Notes to the flnanclal statemonts
10-19

The Cooper and Adklnson Almshouse Charlty
Trustses
For thè year ended 31 March 2025
Trustaès & officers
Rev Dr M Kells, Ex-officlo Trustee {appolnled 15 May 2025)
Mrs C Roblnson, Ex-officlo Trustee Ireslgned 14 May 20241
Ms R Newinglon. Ex-Offl¢io Trustee (appointed 10 October 20241
M Keeler-walker Esq, Ex-OffiGto Truste¢
C B Wacher Esq - Chaimian, Co-optative Trustee
Mrs P Coare, Co-optative Trustee
Canon C Gower, Co-OPtsUve Trustee
T B Wacher Esq - TTeasur8r. Co-oplative Trustee
S Anderson Esq, Co-oplalive Trustee {appolnt6d 22 August 2024)
Mrs K Lovell, Cowoptatlve Trustee lappolnted 22 August 2024)
Ms S Woolnough. Clerk
Page 1

The Cooper and Adklnson Almshouse Charlty
RoferenGe and admlnlstratlve detalls of the charlty and advlsgrs
For the yoar ended 31 March 2028
Regulator of Soclal Houslng reglstration number
A3783
Charlty reglstered number
245824
Prfnclpal offlcfr
st Martin and St P8ul'8 Perlsh Office
Church Street {St Paul8)
Canterbury
Kenl
CT11NH
A¢¢ountanls
Batchelor Coop Llmlted
Chartered Accountsnts
The New Bam
Mill Lane
Eastry
Kent
CT13 OJW
Bankèrs
Lloyds Bank plc
49 HSgh Street
Canterbury
Kent
CT12SE
Pag8 2

The Coopar and Adklnson Almshousè Charity
Trustees. report
For Ihe year ended 31 March 2025
The Twstees present their annual report together wilh the flnancial statements of the Charity for the yèar 1
April 2024 to 31 March 2025.
Objectlves and Actlvltles
Poll¢les and oblè¢tlves
The Charity Commlssion scheme governing the charity provides that almshouses shall be provlded for poor
persons of good character who (except in special cases to b8 approved by the Charlly Commission) are
Inhabltants of Canterbury wlth, where possible, iwo almshouses being occupied by poor widows previously
resident in the formor ecclesiastical parish of Sl Paul Canlerbury.
Actlvltles for achlevlng obje¢tlves
The main objeclSve of the Charity is met by the provision of almshouse accommod8tion in 6 almshouses at
Lower Chantry Lana, Canterbury.
Further to thls, the Charlty wlll Insure, repalr, maintain and Improve the Almshouse propertles In Its POSSèS5ion.
The Trustees have a dlscr81ion to apply surplus Sncome for the benefit of any or all of the r85idenls.
Subj8¢t to the above provisions concerning th8 qu81ificatlons for housing and Ic the practical limilatlon$ in the
nalure of Ihe accommodation, including thal no warden or care facilities ar& provlded, the Truste85 do not
dlscriminate on grounds of race, religion, disability or other protected characlerislics and will consider
appllcants from all parts of the communlly,
In pursuance of the Charlty's cbjectives for the year, thè Twslees hav8 considered the Charitiès Commission
guldance on public beneflt and conslder that this has been complied with.
Achievements and performance
Key flnanclal performance Indlcators
The Charity's key financlal performance indlcalor is the level of almshouse occupancy. During the year, the
Chailty achleved 87.SVo occupancy12024.' 100'kl.
The Charily also mc)nitors the need for maintonance lo the almshouses and the level of expenditure on the
malntensnce of the almshouses, During Ihe year maintenance expenditure was £35,95712024'. £31,036). The
levol of expenditure Incurred in any year reflects the Implemen18tion of recommendations arising out of the
Charitls last Qulnquennial inspection and other matters identified as requiring attention in each pèriod.
During tha year. the charity's list8d inveslmonts showed an over811 return (comprlsing the movement in the
underI￿ng asset valua and dislribulions recelvedl of a posltlve 3.30/0 {2024.' positiv8 9.4Vo), thls compares to a
total return on the FTSE all share index of p081tlve 10.5Ll/b {2024 Posltive 7.6V/ol.
Revlew of actlvltles
Thè Trustees met flv8 times from 1 Aprll 2024 to 31 March 2025. The full board was charred by Christopher
Wacher with Pamda Coere facililaling meetings of the Executive Subcommitte8 in as8181ing the Trustees to
fulfil the Charlty'y st81ed aim8 and objedives.
Since the last annual report the Charty has filled the then existing Iwo co-optallve Iruslee vacancies and (with
the inductlon of a new benefice rector) the ex officio trustee vacancy has also been filled.
Trustees. and i)fflcers' commltment has bean signlficanl wllh admlnislralive work belng carrled oul through
meetings and vla email, Not in$lgnific8nl physical works have been carriad out to th8 almshouses durfng the
course of the year, The almshouse vacancy created by the death of a resldenl has b8en filled Iwllh major
r6furbishm&nl works havlng been undertaken durlng the vacancy}.
Covoptative Irusleg Pamela Coare has been appointed Pastoral Trustee - the one with a direct end constanl
link wlth all ￿$Idents.
Page 3

The Cooper and Adklnson Almshouse Charlty
Trustees. report Icontinuedl
For the year ended 31 MaTGh 2025
Review Of activities (continued)
Within the requirements of the Bribery Act 2010 the Truslees contSnue lo recogni5e Ihelr le981 duty lo
safeguard the Charitrfs assets and lo 8¢t with such skill and care 8s is reasonable in all circumstances, whe
approprlate uslng professlonal sklll and knowledge.
Annual Retums requlr8d by Homes Englarsd and the Charlty Commisslon were completed and submltted by
Tom Wacher (Hon Treasurer and trustee). The 2025126 budget was discussed and agreed with the Weekly
Maintenance Contributions paid by each residenl being sllghtly increased (generalty 10 £77 a weekl.
Golng concern
After maklng approprlate enquiries, the Trustees have a reasonable expectation thal the Charty has adequate
resources to continue In oper8tional existence for the foreseeable future. For this reason, they continue to
adopt the going concern basis in preparing the financial slatemenl$. Further detaiSs regardlng the adopiion of
the going concern basis can be found in Ihe accountlng policles,
Prlncipal risks and uncertalntles
The princlpal rlsks whlch the Charity faces are in rela￿On lo the level of almshouse occupancy that the Charily
achlev8S, the m81ntenance of the Charitl$ almshouses and the perfomance of thè Charity's investments.
These risks and uncertainlies are monltored Ihrough the use of key perfomance indicatots as Set out above.
Financial rèvlew {Includlng reseNes and Investment pollcy>
The Charlty's total reserves are £477,118 (2024.. £495,200). Of this £256,019 (2024: £256,019) relates to the
cost of the Charitvs property and £89,42712024: £93,796) of pemianent endowment funds are held In Income
generating inve5trnenl$. The rem81nlng £131,672 {2024'. £145,385) Is avallable for the Charitls everyday
expenditure and other d8slgnated purposes, of this £91,027 (2024: £85.860) 18 held in inwme generatlng
inveslmenls with the ba18nce hèld on short term deposit or instant access accounts. R8S8rves are reviewed on
an ongoing basis lo ensure that they are adequate lo fulfil th8 Charlty's contlnulng obllgatlons.
Struduro. gov6manco and management
Constltutlon
The Charity is managed under a Charity Commission Scheme dated 7 September 1987, 88 amended by
Truslee resolution of 8 July 2021. from an amalgamation of the Thomas Sankey Cooper and Henry Cooper
Almshouses and the Charity of John Adkinson for Almshouses.
The Charlty was registered by the Charity Commissioners for England and Wales on 13 December 1965 and
numbered 245824. It Is al$0 registered wlth the Regulator of Social Housing (previously the Homes and
Communllles Agency and the Tenanl Seryices Authorilyl as a Housing Asso¢iatlon numbèred A3783.
There have be8n no changes in the objectlves slnce the18St annual report.
Method of appolntment or eloctlon of Trustees
Ex-officio Trustees are the Rector and Churchwardens of the Eccle8la$llcal Parish of St Martln and St Paul,
CanteTbury. Co-oplative Truste8$ are appointed for a term of five years by resolutlon of the Trustees.
The names of the Trustees who served during the year are shown on page 1.
Pollcles adopted for the inductlon and tr8lnlng of Trustees
Once a new Trustee is appolnled, they are given a Copy of the Charity Commlssion Scheme, a set of the last
accounts and a brief history of the Charity. They are encouraged to vlsit an almshouse to better their
understanding of the Charitys activities.
Trustees are kept up to da18 as thay receive regular updat8s frorn the Charity Commlssion.
Future developments
The Charity will conlinue to monitor the level of ils maintenance conlributions and the standard of its
almshouse properties to achieve as hlgh a 18vel of occupancy a$ possible. Over tho last 5 years, occupancy
has averaged 97.511/0 and the Charity budgels lo achieve an occupancy18vel of 92.5Vo.
Page 4

Tha Cooper and Adkinson Almshouse Charity
Trustees. report (contlnuedl
For the year endèd 31 March 2025
As nDt8d above, during the year, the Charlty ¢ontinued its investment in the malntenance and improvement of
the 81mshouses rèsulting in total repair and malnlenanits axpendilure of £35,95712024.' £31,036). In addilion
to provldlng for gen@ral malnlenance costs, the Charlty sets aslde amounts for cycllc81 and extraordlnary
malntenan¢e costs Sn lin8 with th8 guldance provlded by the Almshouse Associallon whlch in the year tolalled
£10,09812024'. £9,708). D8signated balances carrlèd forward on Ih8sè fund8 total £23,98412024.' £48,285).
Costs can flucluale slgnificantly be￿een actual and amounts set aside depending on the scheduling of works
arising from the Charills latest Quinquennial inspectlon and matters arising in the year.
The Ch8rltqs Executive committee monltor the performance of the Charity's investments to ensure that the
return generated on the inveslmenls is appropriate to the risk profile of those investments and the Charity's
own risk profile.
Trustees. responslbllltles statement
The Trustees are responsible for preparlng the Trustees, report and the flnancial statements In accordance
with appllcable law and United Kingdom Accounting Standards {Unlted Klngdom Generally Acc8Pt8d
Ac¢ounting Practice).
The law eppllcable to charities In England & Wales requlres the Trustees lo prepare financlal statements for
each flnanclal y8ar whlch give a true and fair vlow of the state of affairs of the Charlty and of the Incoming
resources and 8pplicatlon of resoLJr¢es of the charity for that period. In preparSng these Ilnancial slalements.
Ihe Trustees are r8qulred to..
select suitable accounting pollcies and then apply them consistenuy.
observe the mathods and principles in the Charities SORP (FRS 1021,,
make judgm8nts and accounting estlmates that are reasonable and prudènt.,
state whelher applicable UK Accounting Standards {FRS 1021 h8ve been followed, sublecl to any
malerSal departures dlsclosed and explained in the financial statements,,
prepare the financlal statemenls on th& going concern basis unless 11 is Inappropriate to presurne that
the charity will continue in operation.
The Trustees are responslble for keeping proper accounting records that arè sufficient to show and explain the
Charitls transactions and disclose with reasonable accuracy a18ny Ilme the financi81 position ol Ihe charlly
and enable them lo ensure that the flnanclal slatementg comply wllh the Charltles Act 2011. the Charity
(Aocounls Snd Reports} Regulations 2008 and the provlsions of Ihe trust deed. They aro also responslble for
68f8guBrdlng the 8ss8ts of the Charity and hence for laking reasonable steps for th& prevention 2nd detection
of fraud and other Irregularllles.
This report was approved by th8 Truste8s, on 16 19 125 and signed on Iheir behalf by.,
C B Wacher Esq - Chairman, Co-optalive Trustee
S Anders
n Esq, Co-oplatlve Trustee
Page 5

The Cooper and Adkinson Alrnshouse Charlty
Independent examinerfs report
For the year ended 31 March 2025
Independent gxamlnerfs report to Ihe Truslees of The Cooper and Adklnson Almshouse Charfty {Ihe
'charlty')
l réport to the charity Trustees on my axaminalion of the accounts of the charity for Ihe year ended 31 Marth
2025.
This report Is mad6 solely to the Charftys Trust885, as a body, In accordance wlth Part 4 of the Charille$
{Accounts and Reports) Regulations 2008. My work has been undertaken so that I might slate to the Charills
Trustees those matters l am required to state to them in an Independent examine¢s report and for no other
purpose. To the fullest extent permltted by law, I do not accept or assume responslblllty to anyone other than
Ihe Charity and the Charllls Truslees as a body. for my work or for thi$ report.
Responslbllltles and basls of report
As the Trustees of the Charity you are responslble for the preparation of the accounts in accordance wSth the
requirements of the Charitie$ Acl 2011 (Ihe 2011 Act,).
I report in respecl of my examlnation of the charltys accounts carded out under sectlon 145 of the 2011 Act
and In carrylng oul my examlnatlon I have followed all the applicable Directions given by the Charity
Commission undér sectlon 145(5){b} of the 2011 Act.
Independent examlnorfs statement
Your attentlon Is drawn to the fact that the Gharity has preparad the accounts in aC￿rdanCe with Accountlnp
and Reporting by Charities., Slatement of Recommended Practicé appllcable to charities preparlng their
accounts accordance with the Financlal Reportlng Standard appllcab16 Sn the UK and Republic of Ir8land IFRS
102) in prefer8nc8 to the Accountlng and Reporting by Char6tles: Ststement of Recommended Practice issued
on 1 April 2005 whlch Is referred to In the éxtant regulatlons but has been withdrawn.
l understand that Ihis has been don8 In order for the accounts to provlde a Iru8 and fair vlew In accordance
with the Generalty Accepted Accountlng Practlce 8ffectlV8 for reporting periods beginning on or after 1 January
2019.
I have completed my examination. I can confirm that no matters have come to my attention in conneclion with
the examination giving me cause to believe that In any materlal respect:
accounting rewrds were not kepl In respect of the charity as requlred by section 130 of the 2011 Act; or
the accounts do not accord with those records., or
thè accounts do not comply wlth Ihe applicable requirements ¢onc8rnlng the form and ¢ontent of
accounts set out in the Charltie$ (Accounts and Reports} Regulatlons 2008 other than any r8quirement
thal the accounts glve a 'true and fair, view which r)ot a matter considéred as part of an independenl
examination.
Page 6

Th• Cooper and Adklnson Almshouse Charfty
Ind?p&ndent examlner's report (contlnued)
For tho yoar gnd•d 31 March 2025
I have no Concems and have come across no other matters In ¢onn8clion wlth the Èxamination to which
attentlon should be drawn In th18 report In order to enable a proper und6rstandin9 of the accounts to be
reached
Slgned:
Dated:
26
M Balchelor
FCA
Batchelor Coop Llmited.
The New Bam,
Mlll Lane,
Eastry,
CT13 OJW
Kent
CT12TU
Page 7

The Cooper and Adklnson Almshouse Charlty
ststement of Ilnanclal actlvltles
For the y•ar ended 31 March 2025
Endowmént Unrestricted
funds
funds
2025
2025
Total
lunds
2025
Total
fund8
2024
Note
Income and endowments frorn:
Charit8ble activities
Investments
20,666
2,984
20,666
5,535
21.268
5.288
2.551
Totsl inoome and endowments
2,551
23,650
26,201
26,556
Expendlture on:
Charitable activlties
45,078
45,078
38,192
Total exp•nditure
45,078
45,078
38,192
Nel Income l (expendlture) before
Investmènt galnsl(Ioss8sI
Net galnsl(losses) on investments
2,551
(4,369)
(21,428)
5,164
(18,8771
795
(11.636)
10.877
Nel expendlture boforo transfers
Transfers be￿een Funds
(1,818)
{2.551)
(16,264)
2,551
(18,082
(759)
12
Nel expendltur¢ before olher recognlsed
galns and losses
{4.369)
(13,713}
(18.082)
(7591
Net movement in funds
(4.369)
(13,7131
(18,082)
(7591
Re¢on¢lllatlon of funds:
Total funds brought forward
93,796
401,404
495,200
495,959
Total funds carrl•d forward
89,427
387,691
477,118
495,200
The noles on pages 10 to 19 fomi part of Ihesè financlal statem8nts.
Page 8

The Cooper and Adklnson Almshous• Charlty
Balance shéet
AS at 31 March 2025
2025
2024
Note
Fixed assets
Tangible assets
Investments
256,019
180,454
256,019
179.656
436,473
435.675
Currènt assets
Debtors
Cash at bank and in hand
879
592
60,332
41,221
42,1QO
60.924
Crodltors: amounts falllng due within on8
year
10
{1,455)
{1,399)
Net current assets
40,645
59,525
N•t assetg
477,118
495,200
Charfty Funds
Endowment funds
UnTeslricted fund8
12
12
89,427
387,691
93,796
401,404
Total funds
477,118
495,200
The financlal statements were approved by the Trustees on 16 September 25 and signed on thelr behalf, by,.
C B Wachfrr Esq - Chalrman, Cowoptatlvo Trustee S Ander
on Esq. Co￿ptatIve Trustèe
The notes on pages 10 to 19 form part of Ihese financial statements.
Page 9

Th9 Cooper and Adklnson Almshouse Chorlty
Notes to the financial statements
For the year ended 31 March 2025
A¢¢ounllng poll¢les
The Cooper and Adklnson Almshouse Charlty is an unlncorporated charlty registered In England and
Wales.
Th8 Ch8rlWs princlpal offlce Is at Sl Martin and St Paul's Parlsh Office, Church Street {St Pauls),
Cant8rbury. Kent, CT11NH.
1.1 Basls of pr•parallon of financlal statements
The financial statements have been prepared to give a 'true and fair, view and have depart6d from
the Charlties (Accounts and Reports) Regulations 2008 only to the extent requlred io provide a 'lrue
and falr, view. This departure has involved following the Charilies SORP {FRS 102) publlshed on 16
July 2014 rather than the Accounting and Reportlng by Charities., Statement of Recommended
Practlce effedlve from 1 April 2005 whlch has since been wlthdrawn.
The financial statemenls have been prepared under the hi5torlcal cost ¢onvention wilh items
re¢ognlsed at cost or transactlon value unless othemlse stated In the relevant notes to these
accounts. The financial statement5 have been prepared in accordance wilh the Statement of
R8commended PractSce: Accounting and Reportlng by Charllles preparing thelr accounts In
accordance with the Financial Reporting Standard appllcabl8 in the UK and Republic of Ireland {FRS
102) (effective 1 January 2019), Ihe Financial Reporting Standard applicable in the United Kingdom
and Republlc of Ireland {FRS 102) and Charltles Act 2011.
The Cooper and Adkinson Almshouse Charity constltutes a publlc benefit entity as defined by FRS
102.
1.2 Golng concern
The Trustees assess whether the use of golng COn￿M Is appropriate I,e, whether there affj any
material uncertainties related to events or condltlons that may cast slgnfficant doubt on the abiliiy of
the Charity to continue as a going concern. The Trustee8 make thls ass8ssment In fesp8d of a
perlod of at least one year from the dale of authorisation for issue of the financial statements and
have ¢oncluded that the Charity has adequate resources to continu6 In operatlonal exl8tence for the
foresee8ble future and Ihere are no rnalerial uncertainties about the Charilvs abllily to continue as a
going concern. thus they Continue to 8d¢)pl the going ¢oncem bas1$ of a¢¢ounting In preparing thé
financial statements.
1.3 Invèstments
Fixed asset investments are a form of flnancial instrum8nt and are initially recognised at Ihelr
Iransactlon cost and subsequently measured at falr valuè at the Balance Sh8el date. unless fair
value ¢anr￿t be measured rellably In whlch case they are measured at cost less impaimient.
Investment galns and losses, whether reallsed or unrealised, are combined and shown in the
heading 'Gainsl(losses) on inveslmenls, in the Statement of financial activities.
Pag& 10

The Cooper and Adklnson Almshouse Charity
Noles to th8 financial stat8ments
For tho year ended 31 March 2025
Accountlng policies Icontlnued)
1.4 Tanglble fixed assets and dèpreciallon
Tanglble fix8d assets are staled at cosl less depreciation.
The Cooper and Adkinson Almshouses were constructed circa 1900 and £1,750 has been attributed
to the origlnal cost. The Housing propervs cosis relate lo impruvements carried out since 1987
which were funded by a Housing Association grant-. a mortgage loan from Housing Corporation
secured by a charge on housing, land and buildings., and from the Charity's own resources.
The Charity capitalises expenditure In relation to the construction or extension of ils properties.
Expenditure rolaling to the replacement of an asset that already exists, including expenditure when
due to the passage of lime the rep18cement asset is considered lo be an improvement on the
original asset, is wrllten off to the income and expenditure account.
The esllmated resldual values of th8 Charltls freehold properties are considered lo be in excess of
Ihls nel book value. The Trustees are of the oplnlon that any depTeciatlon In respect ol the Charity's
freehold properties would be immaterial and consequently no provlsion is made In the accounts for
such depreciation in order to achieve a fair presenlallon. Th8 Tru8lee8 will review these properties
on an annual basis on order to ensure that no provision for impairm&nl is required.
1.5 Fund accounting
Genergl funds are unreslricl8d funds which are available for use at the discr81ion of the Trust8e$ in
furtherence of the general objectives of the Charity 8nd which havg not been designated for other
purposés.
Designated funds comprise unrestrlcled funds that have been set aside by ihe Trustees for
particular purposes. The alm and use of ea¢h designated fund is set out In the notes to the financlal
stalaments.
The Permanent Endowment Fund is managed on an income only basis. Monies are held in fixed
a8S&t investments with the income from these investments beSng applied 1¢ further the objectives of
Ihe Charity, Movements in the capltal value of the investments ere rel8ined within the Pemianent
Endowment Fund.
Investment incom8, gains and losses ar8 allocated to the appropriate fund.
1.6 Income
All Incom8 is recognised once the charity has entitlement lo the income, il is probable that the
income will be received and the amourbl of incorTie receivable can be measured reliably.
1.7 Expendlture
Exp8nditure is recognlsed once there is a legal or Gonslruclive obligation to transfer economic
benefit lo a third party, il is probable that a transfer of economic benefits will be required In
settlement and the amount of the obligatlon can be measured rellably.
Chariteble actlvllles and Governance costs are costs incurred on the charills operallons, includin9
Support costs and costs relating to the goVerTran￿ of the charlly apportion6d lo charitab18 activilies.
Page11

The Coopor and Adkln$on Almshouse Charlty
Notes to the flnan¢ial statements
For the year ended 31 March 2025
Accountlng pollcles {contlnued)
1.8 Government grants
Th6 Charily has recelv8d Housing Assoclalon Grant (HAG) from the Housing Corporation towards
the cost of fixed asset developmenl. Under lh8 Charltl8s SORP 2019. the Charity has recognised all
of this income as grant Sncome In the year that It Is recelved and the performance condlllons are
met. HAG 1$ repayable under certain circumstances, primarily followSng the sale of a property but will
normally be restricted to nel proceeds of sale.
1.9 Interest receivable
Interesl on funds held on deposit is included when receivable and the amount can be measured
reliably by the Charity. this is normally upon notification of the int8r6st pald or payable by the Bank.
1.10 Cash at bank and In hand
Cash at bank and In hand includes cash and short t8rm hlghty Ilquld Investments with a short
maturity of three months or le88 from the date of acquisltlon or opening of th8 deposlt or slmllar
account.
Investment Income
Endowmont Unrestrictèd
fund6
funds
2025
2025
Total
funds
2025
Total
funds
2024
Other investment incomè
2.551
2,984
5,535
5,288
Total 2024
2,501
2,787
5,288
Incomlng resourcfrs from charllable actlvltles
Endowm•nt Unrestrlcted
fund$
funds
2025
2025
Total
funds
202S
Totsl
funds
2024
Weekly maintenance contributlons
20,666
20,666
21,268
Total 2024
21.268
21,268
Pag& 12

The Coopor and Adklnson Almshouse Charfty
Notes to the Ilnanclal stateménts
For the year ended 31 March 2025
Charltable actlvltle8
Endowment Unrestrlcted
funds
funds
2025
2025
Total
fund$
2025
Total
fund5
2024
Insurance
Repalrs and malntenance
GFfts to resldents
Essential services grants
Electrlclty and water rates
Gardening
Window cleaning
Subscrlptlons
Sundry
Honorarla
Accountancy fees
1,530
35,957
900
1,430
560
1.971
210
964
151
750
655
1.530
35,957
900
1A30
560
1,971
210
964
151
750
655
1,527
31.036
1,050
1,500
263
1,020
210
473
13
750
350
Total
45.078
4S.078
38,192
In 2024, all exp8ndlture was from unrestrfcted funds.
Net Incomel(expendlture)
Durlng the year, no Trustees recèived any remuneratlon12024 - £NILI.
During the year, no Tnjslees received any beneflls In klnd12024 - £NIL).
Durin9 the year, no Trusteès rec6Ived any relmbuisement of expenses (2024 - £663).
Audltor8' remunerallon
Th& Independent Examln8r's r6mun6ratlon amounts to an Independent Examlnation fee of £ 65512024 -
£ 350).
Page 13

The Cooper and Adklnson Almshouse Charlty
Notes to the flnanclal statements
For the year ended 31 March 2025
Tanglble flxed assets
Houslng
Land and
bulldln98
Cost
At 1 Aprll 2024 and 31 March 2025
256.019
Deprrfiation
AI 1 ApTiI 2024 and 31 March 2025
Net book valuo
At 31 March 2025
256,019
At 31 March 2024
256.019
The Alm$hou$e$ were ¢onstru¢ted ¢lr¢a 1900. £1,750 1$ attrlbuted to the origlnal cost. The above detsi18
rel8t6 to Ihe original c08t and improvements carried out since 1987 whlch were funded by a Houslng
Corporation Grant of £178.697 and Residual Mortgage Loan of £33,355 now fully repald. Th6 balance of
£43,968 wes provided from Ihe Charltys own resources.
All the land and bulldlngs held are freehold and all thé properties are lor thè occupation of almspersons.
Ther8 ar8 6 Almshouses.
The carrylng value of the AlmshouseB Is substsnllally 18s8 than Its ma￿et value In th8 opinion of the
Tru81888. The almshouses are currently insured for £1.430,290 {2024'. £1,356.923).
Page 14

The Cooper and Adklnson Almshou80 Charlty
Notes to the financlal 6tatomentS
For th• year ended 31 March 2025
Flxed asset Investments
Llsted
securities
Market valuo
At 1 Aprfl 2024
Revaluations
179,656
798
At 31 M8rch 2025
180A64
Hlstorl¢al cost
108,956
Materlal investments
31 March
2025
31 March
2024
COIF Charltles Investment Fund - Income unlts
Schroders Equlty Fund - accumulation unlts
M&G NAACIF- Income unlts
89,427
30,199
60,828
93,796
26,451
59.409
180,454
179,656
Materlal réstrlctlons
The schome for the regulation of the Charity provides that up to £28,537 may be applled towards the cosl
of rep8lrlng and modernislng the Almshouses but Ihal any such loan by the PermAnent Endowmenl Fund
shall be repaid by a sinking fund over a perlod of thlrty years by Investment inlo a separate dèsignated
account.
Debtors
2025
2024
Other debtors and prepayments
879
592
10. Creditors: Amount8 falllng due wllhln one year
2025
2024
Trade creditors
Other creditors and accruals
780
875
750
649
1,455
1.399
Page 15

The Coop¢r and Adklnson Almshou¥• Charlty
Notes to the flnan¢lal statements
For tho year ended 31 March 2025
11. Analysls ol net assots between fund$
Analy818 of net assets betw••n fund$ - ¢urront y•ar
Endowment Unrostrlcted
funds
funds
2025
2025
Total
funds
2025
Tanglble flxed a88ets
Flxed asset InVe￿ments
Current assets
Credii(Jr¥ due wlthln one year
256,019
91,027
42,100
(1.455)
256,019
180.454
42.100
(1A551
89,427
89,427
387.691
477,118
Analy$l¥ of net assets botween funds . prlor year
Endowrnenl Unrestricted
funds
funds
2024
2024
Total
funds
2024
Tanglble fixed assets
Flxed asset Investments
Current assets
Credllors due wlthln ona year
256.019
85,860
60,924
11,399)
256,019
179,656
60,924
11,399)
93,796
93,796
401,404
495,201
Page 16

The Cooper and Adklnson Almshouse CharSty
Notes to the flnancial stateménts
For thè year end•d 31 March 2025
12. Statement of funds
Statement of funds . current year
Balance at
31 March
2025
Balance at
1 Aprll 2024
Transf8r8
inlout
Gainsl
(Losses)
Incomè
Expenses
Doslgnated funds
Cy¢ll¢al Repair Fund
Extraordlnary Repair Fund
22,538
25,747
(8,983)
125.416)
6,264
3,834
19,819
4,165
48,285
{34,399)
10,098
23,984
General funds
General Funds
353,119
23,650
(10.679)
{7,5471
5,164
363,707
Total Unrestrlctéd funds
401,404
23,650
(45,078)
2,551
6,164
337,691
Endowment funds
Endowment Funds
93,796
2,551
(2,551)
14,369)
89,427
Totsl of fijnds
495,200
26,201
(45,078)
795
477.118
ststement of funds - prlor year
Balance at
31 March
2024
88lanc6 at
1 April 2023
Transfers
inlout
Galn81
(Losses)
Income
Expenses
D•slgnated funds
Cyclical Repeir Fund
Extraordinary R8pair Fund
43.783
19,420
{27.269)
6.024
3,684
22,538
25.747
2,643
63,203
(27,269)
(10,923)
9,708
2,643
353
48.285
General Funds
346,841
24,055
{7,207)
12,5011
353,119
Endowmenl Funds
85,915
2,501
7,881
93,796
Page 17

The Cooper and Adklnson Almshouse Charlty
Notes lo the flnancial statements
For the year ended 31 March 2025
12. Stalèm•nl of funds (Contlnued)
Summary of funds - current year
Balance al
31 Mar¢h
2025
Balance at
1 Aprll 2024
Transfers
inloul
Galnsl
(Losses>
Income
Expensgs
Designated fund8
General funds
48,285
353,119
{34,3991
110,679>
10,098
17,547)
23.984
363,707
23,650
S.164
401,404
93,796
23,650
2,551
145,078>
2,551
12,551)
5,164
(4,369)
387,691
89,427
Endowmenl funds
495,200
26,201
145,078)
795
477,118
Summary of funds - prlor year
Balance at
31 March
2024
Balance al
1 April 2023
Transfers
Inloul
Gainsl
{LossesJ
Income
Expenses
Deslgnaled funds
General funds
63.203
346.841
(27,269)
(10,923)
9,708
(7,2071
2,643
353
48.285
353,119
24,055
410,044
85,915
24.055
2,501
(38.192)
2,501
12,5011
2,996
7,881
401.404
93,796
Endowment funds
495,959
26.556
138.192)
10,877
495,200
Designated fund - Cycllcal Repair Fund
The scheme for the regulation of the Charity requlres that the Trustees shall establlsh a reseNe fund for
the purpose of provlding for those items of ordinary malnlenance and rèpair which recur al infrequent
intervals. Thè mlnlmum annual sum to be Sel Sslde as advised by the A1rn8house association 18 £1,044
Per dwelllng {tolal £6,264). Costs are charged to the Income and expenditure account in the year in whlch
they are incurred.
Deslgnated fund - Extraordinary Repair Fund
The scheme for Ihe regulation of Ihe Charlty requlres that the Trustees shall establish a reseNe fund for
the purpose of providing for exlraordinary repair, improvement or rebuilding of the Almshouses. Thè
minimum annual sum to be set aside as advlsed by the Almshouse association is £639 per dwelling (totsl
£3,834), Costs of extraordinary repairs are Charged to the income and expenditure acwunt in the year in
whlch they are Incurred, costs of rebulldlng the Almshouses would be Ireat8d as capllal 8xpendltur8.
Endowment fund
Income from the Charlty's perman8nt endowmenl Is available to be applled agalnsl the Charlty's general
expenditure. Movemenls in the value of the permanent endowment funds held as fixed assèt Investments
are retained In the p6rman8nt endowment fund to fund future expenditure.
Page 18

The Cooper and Adklnson Almshouse ChArlty
Notss to thè financlal 8tatement5
For the year ended 31 March 2025
13. Rèlated party transa¢tlon8
Except as dlsclosed in note S above, there have been no transactlons with any relaled partles of the
Charlty.
Page 19