Charlty r•g15tratlon numb•r 247936 ￿ngl￿d 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 c￿thtt 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 Rec￿rnended Praciice apF4icat4e to Cr￿l￿e¥ wep8riNJ their aCC￿nts in *JxxdarKe *ith the Fin￿￿1￿1 Rep)itirvJ Standard aP￿le*ble 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. m*nWn ond upjrade se¢we homes I￿ dderty Mdonts ffrAn within thè arna of cPwjdey￿. The T￿tst￿$ have pakl regard to guidaru IS$L￿ by th• CP•rity Ctynmi￿oTh in doodirvJ whal a¢ti¥lties tho Trust sh￿d 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 inc*JM VA8 r*s•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. R￿141 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(2￿24. £341,689) Thw¢ unrnslncted. The total free T8serve5 ThEre £380.026(W24: £341.889). It is the p￿iry of the Trust that unrestri6￿ 7h*w¢h Iw¥e not been dwrthd 8 8p&* u80 $I￿Ul￿ b• maintainwj ot a of 8t least C￿e y*5 eXp￿￿￿tUr?. The TNst8es consider trwl ￿ServeS at Ihis wll ensu thaL in the evenl of a ￿9nrf￿nt drop in fuKling. be th to continue the Tru5f8 curTWrt athfjlie5. The level of resorvss has b¢¢n hdd ggnffi¢anty atKN8 this throug1￿￿rt th8 ￿. The TnMto8s have major tKoj8(*s pl￿ned for the future: these will be lunded ty the excess lurKls f*ld in free resth1￿. M8iornsk9 th•y feel are nxeswy lo onsurg t￿ risks ar• minimiqed. Structurn. gOv•rn*n￿ *nd m•n•gMi•nl Tho TNst was estat4ished by a tharitaLqe trust deed on 20th 198e. The objeLts are the prO￿lOn and maintenance of for P￿rts ol retyemert ag•, Testhnt LY f0rn7•rty ￿d￿t￿Ill￿n the area of ChorfeYA￿Od. Th• Trustees soNed during the y￿r￿¥] LP to date ol¥vJn8lwe fin•nual th1•n￿ts w*ro: N Crttkett J Donegan M MO￿lson CHORLEYWOOD AND DISTRICT HOMES FOR THE ELDERLY TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2025 RecWil￿n13nd app￿nIn￿ntor1ffuslees necessary lo en>j￿ Ihe Trusièès n*et their s¢alul¢yy c*dyab￿S. TrLBtees We to the Chaiity5 residenlk71 ￿le aThJ rts staff. ￿ rele￿1 arkj systems are expL*"ned. The Trust 1$ rw by rf$ 8oard ol and a ￿￿09e￿ Crmrtlee. Day to day operatThi of the charity is delegated to NK* SiMr￿S. is Consi￿ kry It emFty5 B wwden and dep￿Y 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 Tru*l for the year ended 31 Marth 2025. R•sponilbllttl•s aml baskn of rnport the rnquirnments ofthe Charit*sA¢t 2011. I In r8¥p8rt of my examinatm￿ of Ihe Tru5Ys fin￿￿1￿1 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 (￿n￿Y 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 ctsn*derod 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 ondo*iMnts 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,$23) 9,165 Tramfers I￿n funds (10.221> 10.221 {3,9491 3.949 N•t mov•m•nt In fund• 28.116 (5.45n 22,659 20.739 (11,574) 9,165 R•conclll•tlon of fundB: Fund balarw at 1 Apn"12024 341.689 364.469 7(￿.158 320.950 376,043 696.993 Fund bal•n¢es at 31 IA•vch 2025 369,805 359.012 728.817 341,689 364.469 706,158 The stalement offinanaal aaiwties IndudeB al gwns aTrl1088e6 reCWm￿ in the ￿r. Al irKcffie expeThji￿r? derive from C￿b.nUin9 ac*"¥￿es. CHORLEYWOOD AND DISTRICT HOMES FOR THE ELDERLY BAiANCE SHEEr AS AT 31 AIARCH 2025 202$ 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 I1￿14> 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$8w. fts ￿n0paI a(ktres8 is d*wl8d *ithln IM legal and *lminiBtratr￿ secbon of the aCCo￿ls. 1.1 Accountlng ¢onv•ntlon The ffinan0￿ statements hove been wepwed in ￿c￿darKe *ilh Ihe Tn￿￿8 dedarth d trust, th• ChwitRS Act 2011, FRS 102 Tr Finan0* Rep¥MtiTvJ StaThJaTd applicabkn in tr* UK and ReputAic of IreLqnd" I'FRS 102) and the Charibes SORP-ALxryJntiThJ arxl Repryb'NJ by char￿es.. Statement of Rgwmm•nded Prac*ice apyl1ca￿8 to ¢harftw preparirwJ theii accounts in atsxrdan￿ with Ihe Financ￿ Rewting Standard aFvIica￿e in thè UK and Reput4K of Irel￿ IFRS 102)" leffeL*¥e 1 Jarxwy 20191. Tho T￿￿* is a PuNic Benefft Enbty as deffined try FRS 102. The Tru81 has taken adv*ge ofthe wty*ismX￿ in ts SORP for tr￿ltieS not lo prepwe a Statement ofcash Th¥ finawal Statements aT8 yep*•d in sterlirwJ. is th• funclional of tho Mrffl•tary pdioes adopted are set (xrt bebx. 12 Golng conc•m At th¢ b.me of apwobing thg ffin0th￿ statements, ts Trustoes Imve a rea￿nabkn 8xp•rt*M that the Trust has adequate resources to ￿tinue n Op￿￿.￿81 w*ence for the foreseeable fU￿re. Thus the Tntstees 1J Ch•rftabl• fund UnrfjslriL#8(I furwJ8 we available tr u¥e at the ol tho TrusteeB in furth8rm CA thdr objectNe& D•$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(>J￿nts. 1A Incom• Rent￿ inC￿me L% shtr•m r￿t of 18tting Voids and 15 laken to tr• Incune arKI ExwKlrture aco)Lml on an 1.5 Exp•ndlture Indewdent examinw fgos we sh(r*Tr as 9)¥eMor￿ rn5ts in the an*sB of resource5 ey￿ded. Oth8r than fundrai￿n9 and wblicity experoes. all other costs rel*8 directty to the running of HursY￿gh. Tanglbl• fixad a•••ts TangiUe fixed assets ￿ iniljdty measured al theq￿ me￿1¥d at ojst or ¥a￿atiOn, 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 & eq￿pment 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 all￿ry on thè d*posd Of￿ awl ￿ d￿emilned as the diifererKe bth*en the sale ￿¥¢¢eedS and tr* ¢arylrvJ value of the a88et. and 18 rec(¥Jr48•J In the sl*8mwt 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$8ts to deterniirn *thether there is any indication that tlvJ8e ass¢ts wffer•J an wnpainnent loss. 11 arry suth irKlication ￿1$¢$. th• rec￿rable amount ofthe 48s•t Is 8StIma￿ in ￿der10 determirn the extent ofthe Impaimwtt kJ8s {W 9nyl. 1A Cash and Guh •qulv4l•nl• Cash and cash equ￿￿entS irKJude cash in harKI. dewts hebj at ¢41 banks. oth8r short-lenn liquid investments with original malurib8s of three months w less. bank othrats. Bank mierdraft8 are sh(yMI itF4n txrning8 airrent I￿les. 1.9 Flnancl•l Instrum•nts The company has finanud ass•ts finanu81 1kg￿.1flles of a that qU￿￿ty as bg$i¢ financial inBtruments. BasK fmanraal in8trumerrt¥ •Te inilialty rnc(4nwY al tJanwlion value subBequ?ntly rneasU￿d al am0￿"Se0 cost. 8asi¢ finar£k?l assets. indude d•btors and cash arml bank bth1*5. are Inth1￿ m•a8ur8d at transactvx w'¢8 Ir￿luthng 1rdrY8a(*l￿ c4>8ts 8rnJ are sub$8quty ￿led at amorlised cost u*ng the effoctfve interest m•thod unless the o)nsbtut8s a fmancing trarw¢*on. wt*rts the tr￿saCtIOn measured at the wesent of the fLrtur¢ rKelpts disrA)unt•d at a mathet rth of intere8L Fknanc4* 8ssets da￿theJnised immediatdy a5 an expense Twst is committed to 1.11 R•tir•m8ttt ben•fft• CHORLEYWOOD AND DISTRICT HOMES FOR THE ELDERLY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng polkl•¥ IContlnu•dl 1.12 Houslng Asso¢l•tlon GAnt Housing Assoaation Grant (FIAG) VAS paid ty the HO￿ry CoiF#y•bM to redLKe the vJ5t of the initial building devebpment 8fKI is thereth as a de(lu¢bon from the ￿$t of Housing PTopertie$ on the Balan￿ SheeL HAG is repayatAe certain ¢irW￿$tance5. primarity foll(AMng the s* ofthe propoty bLrt w111 nomiaNy be reslrided to rt pl￿0¢d$ of s 1.13 Extrnovdlnary repalrs Costs of maintfjnaru ond w)gr&*r•J of a(xxMim(xlabon. unless represenling •nprov*nwts 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 p￿ded under ccwtract 218,620 203,964 Int•rn¥t and Other Inco UnrEstrlcted Unrnstrl¢t•d fvnds funds 2025 2024 Other in￿8 Intsrest irKome 6.760 16,060 5,245 5,675 22,820 10,920 Other inctyning resowcm (xyts interest received. laundry arKI lU￿h 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 furmlra1￿n9 events 838 FurKlraisirwJ *KI publoty c¢sis are pad trom Imrestric￿ fu EX￿ndItUr0 on charllabl• a¢llvlll•s Runnlng of Runnlng of Nurs￿h Hu¥s¢l•lgh 2026 2024 106,894 15.678 102.490 15.523 Deprndatoon 8Th1 ifflpalrmeni 122,572 118,013 S￿rfj 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 H￿sekeep￿g 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 Ext￿l￿at￿ 3.507 3,507 93.877 96.377 83.447 3.507 86,954 alysed betwefjn Charitabl& ￿b￿tieS 93,877 83.H7 3,507 86,954 Govemartt c¢sts to payments to the Irmle￿Ik*￿ examinern of £2.5Th)12022 . £2.orAJi in rn8PèCt tsf their fee$ None ofthe Tn￿te8S lor ary p•wns *ilh them) rec￿r￿1 ￿ TemUneratW￿ durin9 the year. Empknye The average m0ftth￿ number of8m￿y￿ dwiry the year *o8". 2026 Numb•r 2024 Numb•r V*rden 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 V*ges 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••I￿ld F￿1￿. 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 M*r* 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 I￿thin. Current habilities 1.997 1,992 Movemerts in the year. D8f8rrfjd income at 1 Awl 2024 Reloased from pre￿ouS 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.￿rt￿m SCa￿M 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'ab*bes) 359.012 359.012 369.805 389.805 369,005 359,012 728.817 Totsl funds fund• g•n•rnl dM*nated 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 ￿r￿j￿On$ 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 Purpo￿8. 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 {2￿￿4. ￿ne). 13-