Charlty r•g15tratlon numb•r 247936 ngld and Walm) CHORLEYWOODAND DISTRICT HOMES FOR THE ELDERLY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
CHORLEYWOOD AND DISTRICT HOMES FOR THE ELDERLY LEGAL AND ADMINISTRATIVE INFORMATION N cthtt Ch•vlty numb•r (England and Waknl 247935 Prfnclpal addv•s8 Huth ire Lane 35NR Indop•nd•nt •x•mln•r Firt Fkx)r. SIVat HMe VA)3 SLH Bankern Naticrt V*t81min8ter Bank PO Box 498 13 Hvjh Street HPS 18Q
CHORLEYWOOD AND DISTRICT HOMES FOR THE ELDERLY CONTENTS Indepermlent oxamir*s rerxyi Notes to the finwKOel statemeni8 8-13
CHORLEYWOOD AND DISTRICT HOMES FOR THE ELDERLY TRUSTEES. REPORT FOR THE TrEAR ENDED 31 MARCH 2025 The Trustees presert thelr re ¥£niS forlhe year 31 Marrh 2025. The accounts have been prepartd in a(xyJrfance with tho xcounting wlici&s sat (xrt in note 110 the a¢o)unts compty ith th8 Charitys trust d88d. th• Charities Ad 2011. w#J 'Puounting arwj Rwrtirvj by Charib'es.. Statement of Recrnended Praciice apF4icat4e to Crle¥ wep8riNJ their aCCnts in JxxdarKe ith the Fin11 Rep)itirvJ Standard aPleble in the LK WKI RepublK of Irdand IFRS 102).. ObJ•¢tlv•s and •¢tlYltl•s The pc4iues adopted are in of tha C man oti•rt is runntrffj of a for the elde kno as"HursdewJh" In Shlr• Lone. Chwty Is cal•) as a rwrofft wisaiion. The aims of Ihe Cfrffjnty are to Fwovide. mnWn ond upjrade se¢we homes I dderty Mdonts ffrAn within thè arna of cPwjdey. The Ttst$ have pakl regard to guidaru IS$L by th• CP•rity CtynmioTh in doodirvJ whal a¢ti¥lties tho Trust shd urrflertake. Through those •ms th8 Chwty ldeS a benefft to the public. Achl•v•m•nts and p•rlormance The Ch•fty was at4e to aclieve its ofy"•¢ives, ensuriry incJM VA8 rs•d li ththrto contiThJe ruming thè Flnanclal rntA The policy of the Charity is to er that enough irKome is rai8ed. primarty from irwng, to thg obiedves staled for the benefft of the affrent ftrtwe residents. R141 Inco ts set * a levd allfjws for the running ey4)enses of Hurstlevjh to be o)¥ernd aThl to ueate a small ¢orrtOrwy for wrfor8een emergeNe8, induding a shortrall in rental incoffle. ResgThespclKy There were total reserv herd at thp bkn sheet dale of £728.817(2024.. £7LK.158). Olthe¥e. £nil (2024.. £nill were restricted. £348.791(2024: £364,469) were dgw)aW aThJ £3BO,O26(224. £341,689) Thw¢ unrnslncted. The total free T8serve5 ThEre £380.026(W24: £341.889). It is the piry of the Trust that unrestri6 7hw¢h Iw¥e not been dwrthd 8 8p& u80 $IUl b• maintainwj ot a of 8t least Ce y5 eXptUr?. The TNst8es consider trwl ServeS at Ihis wll ensu thaL in the evenl of a 9nrfnt drop in fuKling. be th to continue the Tru5f8 curTWrt athfjlie5. The level of resorvss has b¢¢n hdd ggnffi¢anty atKN8 this throug1rt th8 . The TnMto8s have major tKoj8(s plned for the future: these will be lunded ty the excess lurKls fld in free resth1. M8iornsk9 th•y feel are nxeswy lo onsurg t risks ar• minimiqed. Structurn. gOv•rnn nd m•n•gMi•nl Tho TNst was estat4ished by a tharitaLqe trust deed on 20th 198e. The objeLts are the prOlOn and maintenance of for Prts ol retyemert ag•, Testhnt LY f0rn7•rty dtIlln the area of ChorfeYAOd. Th• Trustees soNed during the yr¥] LP to date ol¥vJn8lwe fin•nual th1•nts wro: N Crttkett J Donegan M MOlson
CHORLEYWOOD AND DISTRICT HOMES FOR THE ELDERLY TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2025 RecWiln13nd appnInntor1ffuslees necessary lo en>j Ihe Trusièès net their s¢alul¢yy cdyabS. TrLBtees We to the Chaiity5 residenlk71 le aThJ rts staff. rele1 arkj systems are expL"ned. The Trust 1$ rw by rf$ 8oard ol and a 09e Crmrtlee. Day to day operatThi of the charity is delegated to NK SiMrS. is Consi kry It emFty5 B wwden and depY wardens to supervise Ihe day to day runr ol HursUe¥Jh. ex¢e5s of£3 mdlw. an Date..
CHORLEYWOOD AND DISTRICT HOMES FOR THE ELDERLY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHORLEYWOOD AND DISTRICT HOMES FOR THE ELDERLY I report to th& Tnjstees on ffly examinatKffl ofthe frwmxal stat8ments rf clxxknY Arbj C'strict Hom•s For Th Eklerfy (thg Trul for the year ended 31 Marth 2025. R•sponilbllttl•s aml baskn of rnport the rnquirnments ofthe CharitsA¢t 2011. I In r8¥p8rt of my examinatm of Ihe Tru5Ys fin11 Statem ¢Mrt Lmder ¥8cbon 145 of th8 Charitigs Act 2011. In canyirvj OLrt my exaMInab( I fdkpAYd the tXredKTh en ty ts Chaiity Cornmission under section 145(51(b} of th• CharibesAct 2011. Ind•p•ndenl •x•mln•ts slat•m I have compknted my examination. l that no mattern tAve ctxne to my •itention in CA)nnethon the exwrination giving me rause to leVe that in any material respecL accounting records Ere not kept in rè4Je¢a of the Trust as requinl by 8e(on 130 ofthe Char 2011. the ffinanual statements do not arJJJrd ith th08e rt(rd8', or the financial statements do not (nY Mth the applKatle rWu1rw)tt c4)rKwning the fomi and cy)ntenl of ffinan0 statements set tyjt in tho Chaiibes IAo))Lmts aThJ Rwttsl RegLd•tions 2008 t)th•r than ¥ny requirement that the finanoal Statements gNe a anrt fwr 1$ not a maiter ctsnderod as part of an indoperKlent examinatM)n. the ¥Ination to attenti( should be dr*4m in ttms rem in Order to ena irwJ of Nlcholas Conlm ACA, Summ•rJ Moryan Fi( Floor. Sheraton House Lrywer Road Chorleywoc4J Hertfordshire V4D3 5LH 102S
CHORLEYWOOD AND DISTRICT HOMES FOR THE ELDERLY STATEMENT OF FINANCIALACTIVMES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR ThIE YEAR ENDED 31 AIARCH 2025 Total fund funds g•n•rnl d••lgnat•d 2025 funds g•n•rnl dwlgnated 2024 2024 Incom• and ondoiMnts from: t)onations aThJ hgades Charitable a¢tNityes Interest InaNne n2 218,620 16,(0 732 218.620 16.(60 86 203,964 5.875 5.245 5.875 5.245 Total Incom• 242.1r2 242.1n 214,970 214,970 Exp•ndliure on: Roising lunds Charts• a¢tNItOeg 838 204,967 203.271 15.678 218.949 189.444 15.523 Total •xp•ndltur• 203,835 15.878 219.513 190.282 15,523 205,805 N•t IneoiiW(•xiMndlturn) 38.337 (15.678) 22,859 24,686 11S,$23) 9,165 Tramfers In funds (10.221> 10.221 {3,9491 3.949 N•t mov•m•nt In fund• 28.116 (5.45n 22,659 20.739 (11,574) 9,165 R•conclll•tlon of fundB: Fund balarw at 1 Apn"12024 341.689 364.469 7(.158 320.950 376,043 696.993 Fund bal•n¢es at 31 IA•vch 2025 369,805 359.012 728.817 341,689 364.469 706,158 The stalement offinanaal aaiwties IndudeB al gwns aTrl1088e6 reCWm in the r. Al irKcffie expeThjir? derive from Cb.nUin9 ac"¥es.
CHORLEYWOOD AND DISTRICT HOMES FOR THE ELDERLY BAiANCE SHEEr AS AT 31 AIARCH 2025 202$ 2024 TaThJit48 ass* 11 359.012 f2 873 351.167 Cash al bonk ar¥J ir¢ haThJ 384.675 3e6.019 351.810 13 lyw y•ar I114> 110.151) 341.689 728.817 7.158 17 341.889 359.012 TkB.817 7C6.1S8
CHORLEYWOOD AND DISTRICT HOMES FOR THE ELDERLY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AIARCH 2025 Acwintlng pollcl•J Charfty Infonnalkn Chodeywood And Distrid Hom•s For Tr Ebjwly is a dwilth inctyprjated rAgani8aion (CIO) w'stered th the Charrty Commi$8w. fts n0paI a(ktres8 is dwl8d ithln IM legal and lminiBtratr secbon of the aCCols. 1.1 Accountlng ¢onv•ntlon The ffinan0 statements hove been wepwed in cdarKe ilh Ihe Tn8 dedarth d trust, th• ChwitRS Act 2011, FRS 102 Tr Finan0 Rep¥MtiTvJ StaThJaTd applicabkn in tr UK and ReputAic of IreLqnd" I'FRS 102) and the Charibes SORP-ALxryJntiThJ arxl Repryb'NJ by chares.. Statement of Rgwmm•nded Pracice apyl1ca8 to ¢harftw preparirwJ theii accounts in atsxrdan with Ihe Financ Rewting Standard aFvIicae in thè UK and Reput4K of Irel IFRS 102)" leffeL¥e 1 Jarxwy 20191. Tho T is a PuNic Benefft Enbty as deffined try FRS 102. The Tru81 has taken advge ofthe wtyismX in ts SORP for trltieS not lo prepwe a Statement ofcash Th¥ finawal Statements aT8 yep•d in sterlirwJ. is th• funclional of tho Mrffl•tary pdioes adopted are set (xrt bebx. 12 Golng conc•m At th¢ b.me of apwobing thg ffin0th statements, ts Trustoes Imve a reanabkn 8xp•rtM that the Trust has adequate resources to tinue n Op.81 wence for the foreseeable fUre. Thus the Tntstees 1J Ch•rftabl• fund UnrfjslriL#8(I furwJ8 we available tr u¥e at the ol tho TrusteeB in furth8rm CA thdr objectNe& D•$ignated funds arn c¢ unTestrided funds tet a8ide to ba us&3 for a P"1#r fuhwe [leCt. this is set out in thg noles to the a(>Jnts. 1A Incom• Rent inCme L% shtr•m rt of 18tting Voids and 15 laken to tr• Incune arKI ExwKlrture aco)Lml on an 1.5 Exp•ndlture Indewdent examinw fgos we sh(rTr as 9)¥eMor rn5ts in the ansB of resource5 eyded. Oth8r than fundrain9 and wblicity experoes. all other costs rel8 directty to the running of HursYgh. Tanglbl• fixad a•••ts TangiUe fixed assets iniljdty measured al theq me1¥d at ojst or ¥aatiOn, not of Depwation is r8cognise(I so as to Tthryits off tr crnt ¢x valuatAin rfassets th*f restthal vau8s over th•ir usel lives on the folltrth.ng base&. Freehrld Building3 Fixiures. fittings & eqpment YA Str4ht ne 15% Li
CHORLEYWOOD AND DISTRICT HOMES FOR THE ELDERLY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AIARCH 2025
ountlng pokl••
IContlnu•dl
Th• galn or bss allry on thè dposd Of awl demilned as the diifererKe bthen the sale ¥¢¢eedS
and tr ¢arylrvJ value of the a88et. and 18 rec(¥Jr48•J In the sl8mwt olfinanual acb¥iliB8.
1.7 knpalrnwnt of flx•d ass•ts
At eath rewting ènd date, the TrLOt the cffjirwj amounts of it¥ tangible 88$8ts to deterniirn thether
there is any indication that tlvJ8e ass¢ts wffer•J an wnpainnent loss. 11 arry suth irKlication 1$¢$. th•
recrable amount ofthe 48s•t Is 8StIma in der10 determirn the extent ofthe Impaimwtt kJ8s {W 9nyl.
1A Cash and Guh •qulv4l•nl•
Cash and cash equentS irKJude cash in harKI. dewts hebj at ¢41 banks. oth8r short-lenn liquid
investments with original malurib8s of three months w less. bank othrats. Bank mierdraft8 are sh(yMI
itF4n txrning8 airrent Iles.
1.9 Flnancl•l Instrum•nts
The company has finanud ass•ts finanu81 1kg.1flles of a that qUty as bg$i¢ financial
inBtruments. BasK fmanraal in8trumerrt¥ •Te inilialty rnc(4nwY al tJanwlion value subBequ?ntly
rneasUd al am0"Se0 cost.
8asi¢ finar£k?l assets. indude d•btors and cash arml bank bth15. are Inth1 m•a8ur8d at
transactvx w'¢8 Irluthng 1rdrY8a(l c4>8ts 8rnJ are sub$8quty led at amorlised cost ung the effoctfve
interest m•thod unless the o)nsbtut8s a fmancing trarw¢on. wtrts the trsaCtIOn
measured at the wesent of the fLrtur¢ rKelpts disrA)unt•d at a mathet rth of intere8L Fknanc4* 8ssets
dathe
CHORLEYWOOD AND DISTRICT HOMES FOR THE ELDERLY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng polkl•¥ IContlnu•dl 1.12 Houslng Asso¢l•tlon GAnt Housing Assoaation Grant (FIAG) VAS paid ty the HOry CoiF#y•bM to redLKe the vJ5t of the initial building devebpment 8fKI is thereth as a de(lu¢bon from the $t of Housing PTopertie$ on the Balan SheeL HAG is repayatAe certain ¢irW$tance5. primarity foll(AMng the s ofthe propoty bLrt w111 nomiaNy be reslrided to rt pl0¢d$ of s 1.13 Extrnovdlnary repalrs Costs of maintfjnaru ond w)gr&r•J of a(xxMim(xlabon. unless represenling •nprovnwts to Ihe prowties. are charged to the RevwuoP£ount in Ihe year in thich they arn inf)Jr. In¢om• from dOn•tkM and l•wl•¥ funds 2026 fvnds 21124 732 Inclxng from charltabl• Kbvi11•s Unrnstrl¢tsd Unrnstrlct•d fund funds 2025 2024 Rental Income SeNices pded under ccwtract 218,620 203,964 Int•rn¥t and Other Inco UnrEstrlcted Unrnstrl¢t•d fvnds funds 2025 2024 Other in8 Intsrest irKome 6.760 16,060 5,245 5,675 22,820 10,920 Other inctyning resowcm (xyts interest received. laundry arKI lUh incA)Th.
CHORLEYWOODAND DISTRICT HOMES FOR THE ELDERLY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Exp•ndliur• on raiglng fund• fundB 2025 funds 2024 Fundrnlslng & Publlclty Stsging furmlra1n9 events 838 FurKlraisirwJ *KI publoty c¢sis are pad trom Imrestric fu EXndItUr0 on charllabl• a¢llvlll•s Runnlng of Runnlng of Nursh Hu¥s¢l•lgh 2026 2024 106,894 15.678 102.490 15.523 Deprndatoon 8Th1 ifflpalrmeni 122,572 118,013 Srfj of support and govern•nc• co•ts l•e• nol• 7) Support 93,877 2,51J) 83,447 3,507 218,949 204,987 Analpkn by fvnd unrestn.cted fLmds. g•neral Unr•stn"¢Xfjd ftmds- d•s4naied 203.271 15,678 189.444 15,523 218,949 204,967
CHORLEYWOOD AND DISTRICT HOMES FOR THE ELDERLY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support casts Support Gov•rnan 2025 Support Gov•rnanc• casts 2024 Rates. kngh¢ 8nd Heat InsurarKe Legal and Pmfes8iorAI Repairs and Maintenance TeleplK)n8 and Fax Bank Charges Sundry expenses Hsekeepg 32.828 32,828 9,956 2.976 21,705 9,402 21,705 9,402 4.3L 2.976 39.195 39.195 41,140 1,567 585 1,656 41.140 1,567 585 1,656 3.086 313 313 Indepw#1ent Extlat 3.507 3,507 93.877 96.377 83.447 3.507 86,954 alysed betwefjn Charitabl& btieS 93,877 83.H7 3,507 86,954 Govemartt c¢sts to payments to the IrmleIk examinern of £2.5Th)12022 . £2.orAJi in rn8PèCt tsf their fee$ None ofthe Tnte8S lor ary p•wns ilh them) recr1 TemUneratW durin9 the year. Empknye The average m0ftth number of8my dwiry the year o8". 2026 Numb•r 2024 Numb•r Vrden 10-
CHORLEYWOOD AND DISTRICT HOMES FOR THE ELDERLY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 hlARCH 2025 Employe Iconllnuedl Empknym•nt costs 2025 Vges and salari•s UrIty costs Other pension costs 1L)0.570 97,271 2,758 2.461 2.759 106,894 102.490 Durirwj th8 yoar k8y manageffl pwscmel did not any remuneration f0rth8lrwo for thgTrusL 10 Taxatlon The dwity is exempt from lax on irwmg WKI pns frdling ¥ffjthkn Secti 505 of the Taxe8Act 1988 or 5ecbon 252 ofthe Taxat>)n of Chorpth Gainspd 1992 to1he exlent that these are apFlied to its chwitaL4e objects. 11 T•ngllJl• f•d a•••ts Fr••Ild F1. Tot•1 At 1 Awl 2024 605.427 9.701 96,050 519 701,477 10.220 At 31 March 2025 615,128 96,569 711,697 D•prncl•tlon and Impalmi•nt At 1 Awl 21Y24 250.353 12.303 e6.653 3.376 337.0 15.679 At 31 March 2025 262.656 90,029 352.685 C•rylng amount At 31 March 2025 352,472 6,540 359,012 At 31 Mr* 2024 355,073 9.396 364.469 11
CHORLEYWOOD AND DISTRICT HOMES FOR THE ELDERLY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2025 12 DebtorJ 2024 Amounts falllng du• Thlthln on• y••r. Other debtors 736 673 673 13 Cv•dltorn: amounts famlng du• on• y 2024 2,220 1.997 11.997 2.785 1,992 5,374 Dèferr&J income Accruals 14 18.214 10,151 14 D•f•rrod Income 2026 Other deferred income 1.997 1,992 1025 2024 D¥fe¢d income 15 indLKl8d Ithin. Current habilities 1.997 1,992 Movemerts in the year. D8f8rrfjd income at 1 Awl 2024 Reloased from preouS periods Rescwjrces thferred in th8 y 11.992) 1.997 1.992 D8fgrr•d incm at 31 2025 1.997 1.992 15 R•tlr•m•nt l>wwfftschem•5 2026 2024 D•fin•d Contrlbutlon #ch•rMs Charge to wofft cff loss In resp&1 ofdefined ¢onIn.rtm SCaM 2,759 2.461 12-
CHORLEYWOOD AND DISTRICT HOMES FOR THE ELDERLY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 hlARCH 2025 16 Rotlr•m•nl b•n•fft sch•ffl•s IContlnu•dl echeme ar• hekl s•pr• frryn thow TrLOt In an a¢hmlnlster¢d fu 18 Analysls of n•t •M•ts b•tm•n fund• Totsl fund• g•n•rnl dMlgnat•d 2025 At 31 March 2026: Tangth ass•ts CurTgrt awtsl(th'abbes) 359.012 359.012 369.805 389.805 369,005 359,012 728.817 Totsl funds fund• g•n•rnl dMnated 2024 2024 At 31 March 2024: Tangible auets Cmnt as8etslOiabli ties) 364.489 364.469 341.689 341.689 341,689 364.469 706,158 17 Doslgnatsd fundi not subjecl lo speak rjOn$ ty thncKs and grantors as to may bè u8ed. These inrjude de.9nated funds fthf• boen $8t asida of Unrestri fund5 ty the trustees tr speafic Purpo8. 1 Aprfl 2023 •xp•nd•d 1 ApF4 2024 )1 Il*th 2025 Tengible asset ftmd 376.043 3.949 (15,523) 19,471 19,471 376,043 3,949 (15.523) 19.471 19.471 There were no di8do88tl• rnlat•d pNty tr•r4a¢liornk the year {24. ne). 13-