Charity Registration Number .' 263259 PLUMSTEAD ALMSHOUSES A CHARITABLE UN.INCORPORATED ASSOCIATION TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
PLUMSTEAD ALMSHOUSES LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2025 Trustees Jer&ny Forty- resigned August 2025 Barbara Harris Michael Maccarthy Allan Nichols Ben Williams - resigned August 2025 Jennifer Ball ChaTity Number Registered Office 263259 35 Dawson Drive Hextable BR8 7PN Ind¢p¢ndent Examiner Sandra Hipwell
PLUMSTEAD ALMSHOUSES CONTENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Trustees, Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements
PLUMSTEIID ALMSHOUSES TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The TteeS pres¢nt th¢ir annual report and financial statements for the year ended 31 December 2025. The Truste¢s have had regard to the Charity Commission's guidanc¢ on public b¢nefit. Plumstead Almshouses Continues to meet its charitable purpose by providing s¢cur¢ and affordable almshouse accommodation for eligible residents, and by maintsining the Almshouses as a safe, comfortable and welcoming community. It has been another steady and positive y¢ar for Plumstead Almshouses, with no changes in occupancy duTing the reporting period. We are pleased to have maintained a stable and supportive community, and w¢ w¢r¢ delighted to hold our annual summer gathering with r¢sidents once again, providing an oppothity to come together and str¢ngth¢n r¢lationships. Durtng the year. the Board saw two changes in its m¢mb¢rship. We extend our sincere thanks to Jeretny Forty and Ben Williams, who both stepped down as Trnstees, for their time, conynitment and contribution to the charity. A number of important maintenan¢¢ and improvement works have also been completed to ensure the Almshouses remain safe, comfortable and well maintained. Th¢s¢ included the repla¢anent of all paving surrounding the Almshouses, refurbishment of the shower room on the ground floor of Colonel Cottage and works to address damp on the ground floor of St Margaret's Cottage. Following reports of vern]in activity. preventative measures were also implemented, including the installation of rat gat¢s within the drainag¢ system and ULe5h covers over ventilation outlets. The financial statements set out the charity's income, expenditure and financial position for the year. The Truslees continue to manage the charity's resources carefully, with particular regard to ongoing maintenance obligations, tUre repairs, compliance costs and th¢ n¢¢d to maintain appropriate reserves. The Trustees remain con]mitt¢d to maintaining the Almshouses to a high standard while ensuring resid¢nts continue to enjoy a safe, secure and wming place to liv¢. We would like to thank our residents, fellow Trustees and everyone who sUprtS the charity for their continued cooperation and Commitment throughout the year. This report was approved by the TnteeS and signed on its behalf by: Jennifer Ball Trustee Date ". 12 August 2026
PLUMSTEAD ALMSHOUSES INDEPEIYDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 I report to the Charity Tnte¢S on my ¢xamination of the accounts of the Charity for the year ended 31 December 2025. As the Cbarity's trustees, you are r¢sponsibl¢ for the prcparalion of the accounts in accordance with the requirements ofthe Charlties Act 2011 ("the Act"). I report in respect of my examination of the Trust's accounts carried oul 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 th¢ Act, INDEPENDEIYT EXAMINER'S STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2025 I am qualified to undertake the examination by being a qualified f¢llow member of the AAT. I have completed my examination. I confinn that no material matters have come to my attention in wnnection with the examination which gives me cause to believe that in, any material respt. -the accounting r¢cords were not kq)t in accordance with section 130 of the Charities Act. or accounting r¢cords' or -the accounts did not accord with the accounting reports. or -the accounts did not comply with the applicable requiranents concerning th¢ forni and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a "tnje and faiT" view of which is not a matt¢r considered as part of an independent examination. I have no concerns and have com¢ across no other matters in connection with the examination to which attention should be drawn in this rqK>rt in order to enable a prop¢r understanding of th¢ OUnts to be reached. Sandra Hipw¢ll FMAAT
PLUMSTEAD ALMSHOUSES STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025 Recommended categories by actlvlty Unrestricted Restricted Total Total funds funds Funds 2025 Funds 2024 Notes Income and endoTrvmeDts from: Unrestricted income 131.977 131,977 124,395 Total 131,977 131,977 124J95 Expendithre on: Propety & management charges 51,295 51,295 35,495 Charitable activities 48,047 48,047 45,438 Total 99,342 99J42 80,933 Net income 32.635 32,635 43,462 Other recolS gainsl(losses): Gains and losses on revaluation of fixed assets for the harity's own use 28,960 28,960 28,756 Net movenient in fuDds 6195 61,595 72318 R¢¢oncili8tion of funds: Total fidS brought forward 1,243,450 250,000 1,493,450 1,421,232 Totsl funds c2rried forward I J05,045 250,000 1,555,045 1,493,450
PLUMSTEAD ALMSHOUSES BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2025 Recommended c#tsgories by activity Unrestrieted Restrfieted Total Funds Total Funds funds funds 2025 2024 Notes Fixed assets Investments 1,112,540 250,000 1,362,540 1,333,580 Total fixed assets 1.112340 250,1)00 1,362J40 lJ33,580 CuLTent assets Debtors 1,242 1242 1,433 Cash at bank and in hand 191,383 191,383 158,557 Totsl current assets 192,625 192,625 159,990 Creditors: amounts falling due within one 120 120 120 Net Cuent assels 192,505 192,505 159,870 Total net assets IJ05,045 250.000 1,555,045 1,493,450 Funds of the Charity Unr¢stri¢ted fimds io 1,305,045 1,305,045 1,243,450 Restricted fid8 io 250,000 250,000 250,000 Endowm¢nt funds io Total funds IJ05,045 250,000 lJ55,045 1,493.450 The financial statements were approv¢d by the trustees on 12 August 2026 and signa on its behalf by". Jennifer Ball Trustee Date . 12 August 2026
PUMSTEAD ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Charity for Plumstead Almshous¢s is a Charitable Un-incoqjorated Association in Charity Commission for England and Wales. The registered office is 35 Dawson Drive, Hextable, BR8 7PN. l. Accounting Policies The principal accounting policies adopted by the Clwity, which is a public benefit entity, in the preparation of the accounts are &s follows. 1.1 Basis of preparation These accounts have b¢¢n prq)ared under the bistori¢al cost convention, as modified by the inclusion of charitable pmperties and fixed asset inv¢stm¢nts and investment properties at valuation. These aOUnts have been prepared in accordance with -Accounting and Reporting by Charities: Statement of Recommend Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in th¢ UK and Republic of Ireland (FRS 102)" (effective l January 2019) - (Charities SORP (FRS 102)), tbe Financial Reporting Standard applicabl¢ in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. Thes¢ accounts are presented in pounds sterling and rounded to the nearest pound. 1.2 Going concern Th¢ Trustees have prepared financial projections, taking into consideration the Cuent economic conditions and hav4 at th¢ time of approving these accounts, a reasonable ¢xpectation that the charity h&s adequat¢ r¢sources to continu¢ in operational existence for the foreseeable ture. Thus they continue to adopt tbe going concern basis of accounting in preparlng the accounts. 2. Income from Investments Analysis Unrestricted fund$ Total funds 2025 Total hnds 2024 Divid¢nd income Interest income Rental 48,111 48,111 43,046 4,426 4,426 3,512 leasing income 79,440 79,440 77,837
Total 131,977 131977 124J95 3. Property and Management Charges Analysi5 Unrestricted funds Total funds 2025 Total funds 2024 Garden maint¢nance, improvements repairs and renewals Tot Support Costs 51,295 51,295 35,495 51,295 51,295 35,495 51295 51.295 The above figure is made up from the following expenditure: Garden Maintenance £1.297 Improvements £24.500 Repairs and renewals £25,498 35,495 4. Expenditure on Charitable Activities Analysls Unrestri¢t¢d funds Total funds 2025 Totsl funds 2024 Charity running cost Cost of services Legavprofessional fees Total Support Costs 34,817 34,817 34,574 11,845 11,845 9,471 185 185 193 46,847 1,200 48,047 4&047 Charity running costs in the year relates to athninistration expenses 46,847 1.200 44238 1.200 45338 Cost of s¢rvi¢¢s is made up of th¢ following items: Insurance £2,773 Ligbt Heat and Water £8,882 Insurance prq)ayment no longer r¢quir £190 Legal and professional fees relate to TV license £83 and bank charges £102 5. Support Costs Total funds 2025 Total funds 2024 Analysis Support Costs Covernance Costs Accountants fS 1,21XI 1,200
1200 1200 6. Investments Listed Investments Carrying(fair) value at begfinnlllg of period 1,333,580 Add l (deduct): net gain / (loss)on revaluation 28,960 CaTrying{fair) value at end of year lJ62,540 7. Debtors: Amounts falling due within one year Analysis of Debtors Total funds 2025 Total funds 2024 Prepaym¢nts & accTued incom¢ Total 1,242 1242 1,433 1,433 8. Cash at bank and in hand Analysis Totsl funds 2025 Total funds 2024 Cash at bank and in hartd Total 191,383 191J83 158,557 158,557 9. Creditors: Amounts fallffing due Ivithin one year Anal1$ of Creditors Total funds 2025 Total funds 2024 Accruals and defetr¢d incomc Total 120 120 120 120 The above acfflial is for accountancy bringing the total cost for the year at £1,200 io
- Charity funds 10.1 Details of material funds held and movements during the CURRENT reporting period Fund balances brought forward Fund balgnees earned forward Income Expenditure GAln$ and losses Fund names Unrestricted funds Unrestricted General Funds Restricted funds Restricted fiu]ds 1243,450 131,977 99,342 28,960 1,305,045 250,000 250,0(M) Total 1,493,450 131,977 99,342 28,960 1,555,045 10.2 Details of material fund$ held and movements during the PREVIOUS reporting period Fund balances brought fonvard Fund bvdlances carried forward Galns and losses Fulld names Income Expenditure Unrestricted funds Unrestricted General Funds Restricted funds Restsicted funds I,l71,232 124,395 80,933 28,756 1243,450 250,000 250,1X)O Total 1,421,232 124,395 80,933 2&756 1,493,450 I l. Permanent endowment and Contingent assets excluded from the balance sheet The Freehold of the Almshous¢s situated in Heavitree Road and Waverley CrescenL Plumstead is not included in the financial statements. Reliable cost InforntiOn is not available for the Almshouses and in the opinion of the Trustees a valuation would involve sigtiificant costs which would b¢ onerous compared with any benefit derived by users of the financial statements. Costs of improvements to the properties ar¢ included in Charitable Expenses