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Charity registration number: 246905
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The Joshua George and Sophie Mellers Charity
Annual Report and Financial Statements for the Year Ended 5 April 2025
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The Joshua George and Sophie Mellers Charity
Contents (continued)
| Reference and Administrative Details | 1 |
|---|---|
| Trustees’ Report | 2 to4 |
| Independent Examiner's Report | 5 |
| Statement ofFinancial Activities | 6 |
| Balance Sheet | 7 |
| NotestotheFinancialStatements | 8to16 |
The Joshua George and Sophie Mellers Charity
| Reference and Administrative Details | |
|---|---|
| Clerk | MsA Chandler |
| Charity Registration Number | 246905 |
| Principal Office | POBox 11228 |
| Nottingham | |
| NG14 6YY | |
| Independent Examiner | RWB CALimited |
| NorthgateHouse | |
| North Gate | |
| New Basford | |
| Nottingham | |
| NG77BQ | |
| Bankers | National Westminster Bank Plc |
| 148-149 Victoria Centre | |
| Nottingham |
Page 1
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The Joshua George and Sophie Mellers Charity
Trustees' Report
The trustees present the annual report together with the financial statements of the Charity for the year ended 5 April 2025.
Legal and administrative information
This is given on page 1. The Trustees that are currently serving, or were serving during the year are listed on page 2.
Objectives and activities
Objects and aims
The Charity was set up by the Will of Joshua George Mellers with Codicil thereto proved 10 August 1943 as amended by a scheme dated 19 October 1960. The purpose of the Charity is to maintain the J G and S Mellers Almshouses at 178, 180, 182, 184, 186, 188 and 190 Wollaton Vale, Nottingham to provide housing for necessitous persons of good character and reputation being residents in the City of Nottingham.
Public benefit
In planning their activities for the year, the trustees kept in mind the Charity Commission’s guidance on public benefit at their meetings. They consider that they have met their objectives of benefitting the public by providing almshouses of a high standard to individuals who meet the Charity’s criteria. The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Trustees and officers
The trustees and officers serving during the year and since the year end were as follows: Trustees: Mrs J Olpin
Mrs J Olpin Reverend T Pullen Mr N Cullen Mr B Harris MrR Fielding Clerk Ms A Chandler
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The Joshua George and Sophie Mellers Charity
Trustees' Report (continued)
Financial review
Policy on reserves
The Trustees have reviewed the Charity’s needs for reserves in line with the guidance issued by the Charity Commission.
The scheme document of the Charity requires the establishment of an Extraordinary Repair Fund for the purpose of provided for the repair, improvement, or rebuilding of the almshouses belonging to the Charity. The Trustees will pay at least £50 of the Charity’s income into the Extraordinary Repair fund investment per year.
The unrestricted income fund represents reserves to cover the Charity’s running costs. As at 5th April 2025 the fund stood at £118,930 (2024: £107,904). The Trustees believe that the minimum level of the income fund should be reviewed annually and any sums not needed by the Charity for immediate working purposes shall be invested (unless otherwise ordered) as soon as possible.
Investment policy and objectives
The residents of the Almshouses make contributions towards the cost of maintaining the homes. There is also an investment fund which produces income in order to help towards the maintenance of the properties. Finally, the trust has an investment in accumulation units which is a fund for the extraordinary repair, improvement or rebuilding of the Almshouses. The accounts and investments are reviewed by the trustees once a year.
The Charity’s investments are held by M&G Securities Limied. Stockbrokers provide investment advice as and when necessary.
Structure, governance and management
Nature ofgoverning document
Every matter is determined by the majority of votes of the Trustees present. There shall be a quorum when three Trustees are present at a meeting. The Chairman of the meeting has the casting vote.
Recruitment and appointment oftrustees
Trustees of Joshua George and Sophie Mellers' Charity have resolved that there shall be five co-opted trustees.
Individuals will be co-opted at the discretion of existing Trustees and shall have demonstrated that they have the skills, knowledge and experience suitable for the role.
Where possible at least one of the co-opted trustees will have links to The Royal British Legion.
Recruitment and appointment oftrustees
The Trustees have assessed the major risks to which the Charity is exposed and are satisfied that systems are in place to mitigate these risks.
Page 3
The Joshua George and Sophie Mellers Charity
Trustees' Report (continued)
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity for that period. In preparing these financial statements, the trustees are required to:
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¢ select suitable accounting policies and then apply them consistently;
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¢ observe the methods and principles in the Charities SORP;
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¢ make judgements and estimates that are reasonable and prudent;
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¢ state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
The annual report was approved by the trustees of the Charity on 1 October 2025 and signed on its behalf by:
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«
fosC——
Trustee
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Page 4
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The Joshua George and Sophie Mellers Charity
Independent Examiner's Report to the trustees of The Joshua George and Sophie Mellers Charity
I report to the trustees on my examination of the accounts of The Joshua George and Sophie Mellers Charity for the year ended 5 April 2025.
Responsibilities and basis of report
As the Charity trustees of The Joshua George and Sophie Mellers Charity 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 The Joshua George and Sophie Mellers Charity's accounts carried out under section 145 of the 2011 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:
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accounting records were not kept in respect of The Joshua George and Sophie Mellers Charity as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement 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 accounts to be reached.
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Nick Bonnello FCA RWB CA Limited
Northgate House
North Gate New Basford Nottingham NG7 7BQ
1 October 2025
Page 5
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The Joshua George and Sophie Mellers Charity
Statement of Financial Activities for the Year Ended 5 April 2025
| Unrestricted | Restricted | Endowment | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | 2025 | ||
| Note | £ | £ | £ | £ | |
| Income and Endowments from: | |||||
| Investment income | 2 | 9,233 | 1,841 | - | 11,074 |
| Other income | 3 | 34,395 | - | - | 34,395 |
| Total income | 43,628 | 1,841 | - | 45,469 | |
| Expenditure on: | |||||
| Charitable activities | 4 | (32,451) | - | - | (32,451) |
| Total expenditure | (32,451) | - | - | (32,451) | |
| Gains/losses on investment assets | (151) | 58 | (1,190) | (1,283) | |
| Net income/(expenditure) | 11,026 | 1,899 | (1,190) | 11,735 | |
| Netmovement in funds | 11,026 | 1,899 | (1,190) | 11,735 | |
| Reconciliation offunds | |||||
| Total funds brought forward | 107,904 | 35,558 | 1,092,370 | 1,235,832 | |
| Total funds carried forward | 15 | 118,930 | 37,457 | 1,091,180 | 1,247,567 |
| Unrestricted funds |
Restricted funds |
Endowment funds |
Total 2024 |
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| Note | £ | £ | £ | £ | |
| Income and Endowments from: | |||||
| Investment income | 2 | 8,931 | 1,678 | - | 10,609 |
| Other income | 3 | 33,930 | - | - | 33,930 |
| Total income | 42,861 | 1,678 | - | 44,539 | |
| Expenditure on: | |||||
| Charitable activities | (39,592) | - | - | (39,592) | |
| Total expenditure | (39,592) | - | - | (39,592) | |
| Gains/losses on investment assets | (240) | 777 | (1,900) | (1,363) | |
| Net income/(expenditure) | 3,029 | 2,455 | (1,900) | 3,584 | |
| Net movement in funds | 3,029 | 2,455 | (1,900) | 3,584 | |
| Reconciliation offunds | |||||
| Total funds brought forward | 104,875 | 33,103 | 1,094,270 | 1,232,248 | |
| Totalfundscarriedforward | 15 | 107,904 | 35,558 | 1,092,370 | 1,235,832 |
All of the Charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 15.
Page 6
The Joshua George and Sophie Mellers Charity
(Registration number: 246905) Balance Sheet as at 5 April 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible assets | 10 | 1,000,000 | 1,000,000 |
| Investments | 11 | 147,799 | 147,240 |
| 1,147,799 | 1,147,240 | ||
| Current assets | |||
| Debtors | 12 | 287 | 147 |
| Cash atbank and in hand | 13 | 100,219 | 89,146 |
| 100,506 | 89,293 | ||
| Creditors: Amounts falling due within one year | 14 | (738) | (701) |
| Net current assets | 99,768 | 88,592 | |
| Net assets | 1,247,567 | 1,235,832 | |
| Funds ofthe Charity: | |||
| Endowment funds | 1,091,180 | 1,092,370 | |
| Restricted income funds | |||
| Restricted funds | 37,457 | 35,558 | |
| Unrestricted income funds | |||
| Unrestricted funds | 118,930 | 107,904 | |
| Totalfunds | 15 | 1,247,567 | 1,235,832 |
The financial statements on pages 6 to 16 were approved by the trustees, and authorised for issue on 1 October 2025 and signed on their behalf by:
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Gfw& Trustee
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The Joshua George and Sophie Mellers Charity
Notes to the Financial Statements for the Year Ended 5 April 2025
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
The Joshua George and Sophie Mellers Charity meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
Going concern
The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
Income and endowments
Investment income
Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Charitable activities
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
These include the costs attributable to the Charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.
Tangible fixed assets
Individual fixed assets costing £1.00 or more are initially recorded at cost.
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The Joshua George and Sophie Mellers Charity
Notes to the Financial Statements for the Year Ended 5 April 2025 (continued)
Fixed asset investments
Fixed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal.
Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Charity will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the Charity. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
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Financial instruments
Fair value measurement
The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.
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Page 9
The Joshua George and Sophie Mellers Charity
Notes to the Financial Statements for the Year Ended 5 April 2025 (continued)
2 Investment income
| Unrestricted | |||
|---|---|---|---|
| funds | Restricted | Total | |
| General | funds | 2025 | |
| £ | £ | £ | |
| Interest receivable and similar income; | |||
| Interest receivable onbank deposits | 2,779 | - | 2,779 |
| Other income from fixed asset investments | 6,454 | 1,841 | 8,295 |
| 9,233 | 1,841 | 11,074 | |
| Unrestricted | |||
| funds | Restricted | Total | |
| General | funds | 2024 | |
| £ | £ | £ | |
| Interest receivable and similar income; | |||
| Interest receivable onbank deposits | 2,798 | - | 2,798 |
| Other income from fixed asset investments | 6,133 | 1,678 | 7,811 |
| 8,931 | 1,678 | 10,609 |
3 Other income
| Unrestricted | ||
|---|---|---|
| funds | Total | |
| General | funds | |
| £ | £ | |
| Provision ofalmshouses | 34,395 | 34,395 |
| Total for2025 | 34,395 | 34,395 |
| Totalfor2024 | 33,930 | 33,930 |
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The Joshua George and Sophie Mellers Charity
Notes to the Financial Statements for the Year Ended 5 April 2025 (continued)
4 Expenditure on charitable activities
| 4 Expenditure on charitablecharitable activities |
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|---|---|---|
| Unrestricted | ||
| funds Designated |
Total 2025 |
|
| £ | £ | |
| Water rates | 1,983 | 1,983 |
| Insurance | 1,475 | 1,475 |
| Propertymanagement fees | 1,740 | 1,740 |
| Repairs and maintenance | 20,173 | 20,173 |
| Bank charges | 72 | 72 |
| Sundry | 37 | 37 |
| 25,480 | 25,480 | |
| Unrestricted | ||
| funds | Total | |
| Designated | 2024 | |
| £ | £ | |
| Visitor's salary | (60) | (60) |
| Rates | 1,643 | 1,643 |
| Insurance | 1,451 | 1,451 |
| Property management fees | 3,054 | 3,054 |
| Repairs and maintenance | 26,438 | 26,438 |
| Bank charges | 72 | 72 |
| Sundry | 18 | 18 |
| 32,616 | 32,616 |
5 Analysis of governance and support costs
Governance costs
| Unrestricted | ||
|---|---|---|
| funds | Total | |
| General | 2025 | |
| £ | £ | |
| Independent examiner fees | ||
| Examination ofthe financial statements | 738 | 738 |
| Clerks fees | 5,880 | 5,880 |
| Other governance costs | 353 | 353 |
| 6,971 | 6,971 |
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The Joshua George and Sophie Mellers Charity
Notes to the Financial Statements for the Year Ended 5 April 2025 (continued)
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|||||||
|---|---|---|---|---|---|
|Unrestricted|
|funds|Total|
|General|2024|
|£|£|
|Independent|examiner|fees|
|Examination|of the|financial|statements|702|702|
|Clerks|fees|5,600|5,600|
|Other|governance|costs|674|674|
|6,976|6,976|
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6 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the Charity during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
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|7|Staff costs|
|The|aggregate|payroll|costs were|as|follows:|
|2024|
|£|
|Staff costs|during|the|year were:|
|Wages|and|salaries|(60)|
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The monthly average number of persons (including senior management / leadership team) employed by the Charity during the year expressed as full time equivalents was as follows:
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|2025|2024|
|No|No|
|Charitable|activities|-|1|
|No|employee|received|emoluments|of|more|than|£60,000|during the|year|
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8 Independent examiner's remuneration
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2025 2024
£ £
Examination of the financial statements 738 702
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9 Taxation
The Charity is a registered charity and is therefore exempt from taxation.
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The Joshua George and Sophie Mellers Charity
Notes to the Financial Statements for the Year Ended 5 April 2025 (continued)
10 Tangible fixed assets
| 10 Tangible fixed assets | ||
|---|---|---|
| Land and | ||
| buildings | Total | |
| £ | £ | |
| Cost | ||
| At 6 April 2024 | 1,000,000 | 1,000,000 |
| At 5 April2025 | 1,000,000 | 1,000,000 |
| Depreciation | ||
| At 5 April 2025 | - | : |
| Net book value | ||
| At 5 April 2025 | 1,000,000 | 1,000,000 |
| At5April2024 | 1,000,000 | 1,000,000 |
Revaluation
The market valuation of The Almshouses is estimated by Tanners Chartered Surveyors in 2023. The Trustees believe this valuation to be correctly stated.
The Land and Buildings have been held for a lengthy period of time and the historical cost is not known.
| 11 Fixed asset investments | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Otherinvestments | 147,799 | 147,240 |
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The Joshua George and Sophie Mellers Charity
Notes to the Financial Statements for the Year Ended 5 April 2025 (continued)
Other investments
| Almshouses | ||||
|---|---|---|---|---|
| common | M&G | |||
| investment | charifund | |||
| fund shares | income | units | Total | |
| £ | £ | £ | ||
| CostorValuation | ||||
| At 6 April 2024 | 43,188 | 104,053 | 147,241 | |
| Revaluation | 58 | (1,341) | (1,283) | |
| Additions | 1,841 | - | 1,841 | |
| At 5 April 2025 | 45,087 | 102,712 | 147,799 | |
| Net book value | ||||
| At 5 April 2025 | 45,087 | 102,712 | 147,799 | |
| At 5 April2024 | 43,188 | 104,053 | 147,241 | |
| 12 Debtors | ||||
| 2025 | 2024 | |||
| £ | £ | |||
| Other debtors | 287 | 147 | ||
| 13 Cash and cash equivalents | ||||
| 2025 | 2024 | |||
| £ | £ | |||
| Cash atbank | 100,219 | 89,146 | ||
| 14 Creditors: amounts fallingdue withinone year | ||||
| 2025 | 2024 | |||
| £ | £ | |||
| Other creditors | :738 | — |
Page 14
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The Joshua George and Sophie Mellers Charity
Notes to the Financial Statements for the Year Ended 5 April 2025 (continued)
15 Funds
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||||||||
|---|---|---|---|---|---|---|
|Other|
|Balance|at 6|Incoming|Resources|recognised|Balance|at 5|
|April 2024|resources|expended||gains/(losses)|April 2025|
|£|£|£|£|£|
|Unrestricted|
|General|107,904|43,628|(32,451)|(151)|118,930|
|Restricted|35,558|1,841|-|58|37,457|
|Endowment|
|Permanent|1,092,370|-|-|(1,190)|1,091,180|
|Total|funds|1,235,832|45,469|(32,451)|(1,283)|1,247,567|
|Other|
|Balance|at 6|Incoming|Resources|recognised|Balance|at 5|
|April 2023|resources|expended||gains/(losses)|April 2024|
|£|£|£|£|£|
|Unrestricted|funds|
|General|104,875|42,861|(39,592)|(240)|107,904|
|Restricted|funds|33,103|1,678|-|177|35,558|
|Endowment|funds|
|Permanent|1,094,270|-|-|(1,900)|1,092,370|
|Total funds|1,232,248|44,539|(39,592)|(1,363)|1,235,832|
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The specific purposes for which the funds are to be applied are as follows:
The Unrestricted funds - General, represents the free funds of the Charity which are not designated for a particular purpose.
The Restricted fund, is a restricted fund under the terms of the Charity Commission scheme, for the repair, improvement or rebuilding of the almshouses.
The Permanent Endowment fund is a general fund.
Page 15
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The Joshua George and Sophie Mellers Charity
Notes to the Financial Statements for the Year Ended 5 April 2025 (continued)
16 Analysis of net assets between funds
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||||||||
|---|---|---|---|---|---|---|
|Unrestricted|Endowment|Total funds|at|
|funds|Restricted|funds|5 April|
|Designated|funds|Permanent|2025|
|£|£|£|£|
|Intangible|fixed|assets|-|-|1,000,000|1,000,000|
|Fixed|asset|investments|19,162|37,457|91,180|147,799|
|Current|assets|100,506|-|-|100,506|
|Current|liabilities|(738)|-|-|(738)|
|Total|net|assets|118,930|37,457|1,091,180|1,247,567|
|Unrestricted|Endowment|Total funds|at|
|funds|Restricted|funds|5 April|
|Designated|funds|Permanent|2024|
|£|£|£|£|
|Tangible|fixed|assets|-|-|1,000,000|1,000,000|
|Fixed|asset|investments|19,312|35,558|92,370|147,240|
|Current|assets|89,293|-|-|89,293|
|Current|liabilities|(701)|-|-|(701)|
|Total net|assets|107,904|35,558|1,092,370|1,235,832|
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17 Related party transactions
There were no related party transactions in the year.
Page 16