The Metropolltsn Benefft 5o¢letles Almshouses Chaflty No. 293247 Trustees. Report and Audlted Accounts 31 March 2025 The Metropolitan Benefft Socleties Almshouses CONTENTS Pages TTU5tees' Annual Report Auditor's Report Statement of Financial Artivitie5 Balance Sheet Note5 to the Account5 io Detailed Statement of Financial Activities 18to19 Page I ropo TRUSTEES ANNUAL REPORT an ne The Trustees present their report with the audited financial statements of the charrty for the year ended 31 March 2025. REFERENCE ANO ADMINISTRATIVE DETAILS Charlty No. 293247 PrincSpal Office Ba115 Pond Road Islinglon London N14AH Trusteei The following Trnstees seThed durln8 the year.. A. Cartwright A. COX S.E. Dempsey H. MEHMET A. Wilkinson IRes¥ned 12 November 20251 IResi8ned 7 October 20251 J. Young Audltor GPRS Professionals Limited Hastingwood Tradin8 Estate Unli G31 35 Harbet Road London N18 3HT 8•nker5 Royal Bank of Scotland 62-63 Threadneedle st￿et London EC2R 8LA Investmenl Advlsors Almshouse Association No- M43 Tenants Advlsory Servlce No.. A3634 08JEcfivE5 AND AcfiviTIES The Metropolitan Benefit Societies, Almshouses I"M8SA" or.the charity") wa5 first established as benevolent society registered under the Friend￿ Acts 189fv1948. A new governin8 document was created by Trust Deed dated 12 November 1985 and this was re8iStered with the Charity Commission for England and Wales on 13 January1986 under the registration number 293247. The objects of the charity. as Stated in the Trust Deed. are to provide Almsh¢)uses and other benefrts forthe residents of those Almshouses and for the relief of poor elderly persons of pensionable age. This is achieved by providin8 28 units of housin8 property to elderly people. Page 2 The Metropolltan Benefft Societies Almshouses TRUSTEES ANNUAL REPORT Land and buildings The Metropolitan Benefit Socreties Almshouses was e5toblished in earty nineteenth century. The address of the freehold property is Balls Pond Road. London. Nl 4AH. This Charity has occupied thi5 property since it5 acquisition and this property has not been registered in the Charity's name with the Land Registry. There is no retord of the original cost and value attributable to the freehold property althou8h the year 31si March 2016 this property has been revalued at £9,650,1KM) by Currell, Chartered suNeyors. On 5th Au8USt 2024 the property was revalued by Price Taylor LLP at £10,3(M),(X() creating a revaluation surplus of £l(KS,tth. Price Taylor LLP is a firm of Chartered Suryeyor. The trustees do not believe that the market value of this propertv lo be materially different from the value shown in the accounts. The trustees are In the process of engaging a solicitor to resolve the problem of registerin8 this property in the Charrty's name on the Land Registry. ACHIEVEMENTS AND PERFORMANCE Details of the performance of the Charity are given in the financial statements coverin8 the period l April 2024 to 31 March 202S which follow this report. The Almshouses at Balls Pon(J Road, Islin8ton, generated an income of £283.82412024- £262,211). Charitable costs relating primarity to the Almshouses and the provlsion of benefits for their residents, totalled £359,02512024: £357.6561. Any 8ains110551 on revaluation are treated as galns Ilossl in the SOFA. Other income. comprisin8 of investment income. hall hire and laundry receipts totalled £5,56412024.' E5,5611. A net surpluslldeficitl of1£75.1991112024.. £.95,44511 was recorded for the year, before transfers to and from reserves. The main reason for the net deficit of £95.445 in 2024 and £75.199 in 2025 re5PCtivety were due to the refurbishment and redecoratlon program of the building whlch was overdue. In the coming years the refurblshment pro8ram will be ongoin8 to upgrade the standard of the bulldin8 to keep up to the highest standard as experted in the rental market. Most of the refurbishments expenditure will be of a capital nature. On Sth February 2024, the Freehold Property was revalued at £10.300,CW creatin8 a revaluation SLtrplus if £ I￿.C1X1. The land and buildings was valued by Price Taylor LLP, Chartered Surveyors. This gain on revaluation will only cry5tallise upon disposal of the freehold property and this is the On￿ time this gain can be realised. FINANCIAL REVIEW The trustees took over the runnin8 of the estate from 16 February 2011 and they have assessed the condition of the property and equipment. The Trustees have carried out much needed refurbishmentlrenewals to propertles, lightln8, boiler5 and emergency call system. The trustee5 continue to strengthen the board with candidates that bear the necessary skills required to ensure the trust remains financially viable. The trustee5 have assessed the major risks io which the Charity is exposed, In particular those relaling to the operations and finances of the Charity. and are satisfied that systems are in place to mitigate exposure to the major risks. Procedures are also in plate to ensure compliance with health and safely o151aff, volunteers and residents. These procedures are perTrodically reviewed to ensure that thev continue to meet the needs of the Charity. The Trustees will continue to follow their work progiamme to Improve the quality of life and surroundin85 for their clients. The trustees confirm that the charity will survive for at least one year from the year of approving the financial statement. As COVID19 had badly affected the financial resuks of most businesses throughout the world. similarly we were affected as lots of our tenants passed away during this time and this pandemic had a direct impact in our financial result for the year ended 31 March 2022 to date and we are Slowly recovery. STRucfuRE. GOVERNANCE AND MANAGEMENT The Metropolitan Benefft Societles Almshouses TRUSTEES ANNUAL REPORT The Trust Deed provide5 for a Management Committee formed of up to 10 trustee5. appointed as follows.. lil One ex-officio Managin8 Trustee. being the chaim)an for the time being of the friends of the MBSA, an association founded to support the objects of the Charity- lill Five nominative Managing Trustees. appointed as follows: one by the Council of the London Borough of Islington. one by the Parochial Church Council of St Jude and St Paul's Church, Mildmay Grove, in the London Borough of lslington, and three by the Friends of the MBSA liiil Four Co-optive Managing Trustees, appointed at the annual meetin8 of the Management Committee. Each appolntment by the council is for four year5. those made by Frbends of the MBSA are forthree years. Upon a vacancy arisin8, efforts are made to appoint a new trustee with relevant skills and background, having regard to the activities of the charity and the need to maintain a diversity of skills amon8 the trustees. Trustees meel approximately four times a year. Day to day management of the Almshouses is delegated by the trustees to the Estate Mana8er and the Warden. Statement ol trustees. responslbllltles In rel•tlon to the fin•ncl•l ststements The charity trustees are responsible for preparing a trustees, annual report and financial statements in accordance with applicable law and Unsted Kingdom Accountlng Standards Iunlted Kln8dom Generally Accepted Accounting Practice). The law applicable to charities require5 the charity trustees to prepare financial statements which glve a true and fair view of the state of affair5 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.. select suitable accountlng policies and then apply them consistently: observe the methods and principles in the Charities SORP. make jud8ements and esiimates thai are reasonable and prudent,. state whether applicable UK accountin8 Standards have been followed, subject to any material departures dlsclosed and explained in the financial statements,. 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 responslble for keepin8 proper accountbn8 records that disclose with reasonable accuracy at any time the financial posttion of the charity and to enable them to en5￿￿ that the financial statements comply with the Charities Att 2011, the applicable Charities (Accounts and Reports) Regulations, and the provision5 of the Trust deed. The Trustees are also responsible for safe8uardin8 the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. Statement of dlsclosure of Inlonnatlon to audltor So far as the trustees are aware. there is no relevant èudrt information of which the company's auditors are unaware and each trustee has taken all the sleps that he or she ought to have taken as a trustee in order to make himseff or hersew aware of any relevant infomiatlon and to establish that the company's audltors are aware of that infom)ation. Signed on behalf of the charity'5 truslees S.E. Dempsev Trustee 28 November 2025 Page 4 The Metropolitan Benefft Societies Almshouse5 AUDIT REPORT UNQUAUFIED Independent Audltor's Report to the Trustees of The Mrtropolit•n Oenefft Societies Alrnsh¢Juses Opinion We have audited the accounts of The Metropolr(an 8enefit Societies Almshouses (the 'charity'l for the year ended 31 March 2025 which comprise the Statement of Financial Aciivities, the Balante Sheet. the Statement of Cash Flow5 and the Notes to the Accounts. includin8 a summary of slgnlflcant accountin8 policies. The financial reportin8 framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. (United Kingdom Generilty Accepted Accountin8 Prarticel. In our opinion the accounts.. • 8ive a true and fair ¥Trew of the state of the charity's affairs as ai 31 March 2025,and of its profitlloss for the year then ended- have been property prepared in accordance with United Kin8dom Generally Attepted Accountin8 Practice,. an(i • have been Prepared In accordance wlth the requiremenis of the Charitie5 Act 2011. Ba515 for opSnlgn We eonducted our audft in accordance with International Standards on Auditin8 IUKI IISAS IUKI and applicable law. Our responsibilities under those standards are further described in the Auditorfs responsibllities for the audit of the accounts section of our report. We are independent of the tharity in accordance wlth the ethical requirements that are relevant to (￿r audit of the accounts In the UK, Includln8 the FRC'S Ethlcal Standard and we have fulfilled our other ethical respon5ibilitie5 in accordance with these requlrements. We believe that the audit evidence we have obtalned is sufficient and appropriale lo provide a basis for our opinTron. Concluslons relatlnl to 8oln8 ¢oncem We have nothin8 to report in respect of the following matters In relatlon to whlch the ISAS IUKI requlre us to report to you where: for issue. of accountSn8 for a pernd of at ￿451 twefve months from the date when the accounts are authorlsed siBnificant doubt about the chariiablt Company's abilty to continue to adopt the 80in8 concern basis • the trustees have not disclosed in the accounts any Hlentified material untertainties that may cast not appropriate- or• the trustees. use of the 8oin8 concern basis of accounting in the preparation of the accounts Is Empha515 of matter We draw your attention to Note 22 on page 17 which describes the issue of non re8iStration of the freehold property in the Charity's name at the land re8isiry sltuaied at Balb Pond Road, London, Nl 4AH. Our opinion is not m¢)dffjied in respect of thi5 matter. Other Information The other information comprises the information included in the trustees. report and accounts. other than the accounts and our auditorfs report thereon. The trustee5 are responsible for the other information. Our opinlon on the accounts does not cover the other information and we do not express any form of assurance conclusion thereon. Page 5 The Metf¢politan Benefft So¢idies A1rn5hou5es AUDIT REPORT UNQUALIFIED In connertion with our audit of the accounts,our responsibility 15 to read the other information and. in doing so, consi(ler whether the other information is materially inconsistent with the accounts or our knowledge obtained in the èudrt or otherwise appears to be materialty misstated. If we identify such material inconsTrstencies or apparent material mi55tatements,we are required to determine whether there is a material misstatement in the accounts or a material misstatement of the other information. If. based on the work we have performed. we conclude that there is a material misstatement of this Other information,we are required to report that fact. We have nothing to report in this regard. Matters on which we are required to report by ex¢eptl¢)n In the liBht of the knowledge and understanding of the charity and its environment obtained in the course of the oudit, we have not identrfied material misstatements in the trustees, report. We have nothin8 to report in respect of the following mattets in relation to which the Charities (Accounts and Reports) Regulations 2(KJ8 requires us to report to you rf, in I￿r opinion: the information given in the trustees, annual report 15 incon5iStent in any materbal respect with the accounts- or suff icient accountin8 record5 have not been kepl- or • the accounis are not in agreement with the acwuntin8 record5.' Qr we have not received all the infom)ation and explanations we require for our audit. Responslbllltle5 Ot trustees As explained more fully in the trustees, responsibilities slatement found in the trustees, report, the trustee5 are responsible for the preparation of the accounts and for being satisfied that they give a true and fair view, and for Such internal control as the trustees determine is necessary to enable the preparation of accounts that are free from material misstatement, whether due to fraud or error. In preparin8 the accounts, the trustees are responsible for assessing the charty's ability to continue as a going concern. di5c105in8, as applicable, matters related to goln8 concern and using the going concern basis of accounting unless the trustees intend to liquidate the charlty or to cease operations, or have no realistic atternative but to do 50. Audltor's responslbllltles for the audlt ol the accounts We have been appointed undef section 145 of the Charlties Act 2011 and report In accordance wlth the Act and relevant re8ulations made or havin8 effert thereunder. Our objectives are to obtain reasonable assurance about whether the accounts as a whole are free from materlal misstatement, whether due to fraud or error. and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit tonducted in accordance with ISA5 IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material rf. individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these accounls. A further description of our responsibilities for the audit of the accounts is located on the Financial Reportin8 Council'5 website at www.frc.org.uvauditorsresponsibilities. This description forms part of our auditorf5 report. Page 6 The Metropolitan Benefft So¢letles Almshouse5 AUDIT REPORT UNQUAUFIED Use of this report This report is made sotety to the charity's trustees, as a body, in accor(lance Part 4 of the Charitie5 (Accounts and Reports) Regulation$ 2￿8. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest eytent permitted by law. we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report. or for the opinions we have formed. GPRS Professionals Llmited, Accountants and Statutory Auditors Hastingwood Trading Estate Unit G31 35 Harbet Road London N18 3HT 28 November 2025 GPRS Profe55ionals Limlted Ss eli8ible for appointment a5 auditor of the charity by virtue of Ils eliglbility for appointment as auditor of a tharity under section 1212 of the Companies Act 2￿6., Page 7 The Metropolltan Benefft So¢leties Almshouses STATEMENT OF FINANCIAL AcfiviTIES for the year ended 31 March 2025 UnTestrirted funds 2025 Restrfrted funds Total funds Total funds 2025 2025 2024 Notes In¢ome and endowments Donations and legacies Othei tradin8 activities Investments 756 278.262 4.969 595 278,262 4,969 595 255,894 5,247 314 Other Total 283,826 283.826 262.211 Expendlture an: Raising funds Other 4.950 354.075 4,950 354.075 20.820 336.836 Total 359.025 359,025 357,656 Net gains on Investments Net expendlture Transfers between funds 175.1991 175,1991 195,4451 15,362 15,362 Net expendlture before other 8alns1lloss￿j 175.1991 15,362 159,8371 195,4451 Other 8alns and Iosms: Net mo¥ement In funds 175,1991 15.362 159.8371 195,4451 Reconclllatlon of funds: Total funds brought forward 345.027 9.232.634 9,577,661 9,559,925 Tatal funds ¢•rTled lonward 269,828 9,247,996 9,517,824 9,464,480 Page 8 The Metropolltsn Benefft Societies Almshouses BALANCE SHE at 31 March 2025 Charity No. 293247 2025 2024 Fixed assets Tangible asset5 Investments 11 9,078,509 12 254.251 9,332.760 9,152,886 238,889 9,391,775 Current assets Debtors Cash at bank and In hand 13 44,645 195.992 240,637 155,5731 185.064 22.299 207.135 229.434 143.5481 185,886 Credltors: Amount fallin8 due within one year Net Current assets 14 Total assets less current Il•bllltles 9,517,824 9,577.661 Net assets excludln8 penslon asset or Il•blllty 9,517,824 9,577.661 Total net •ssets 9.517.824 9,577,661 The fund5 of the ch•rlty Restrlrted lunds Restricted Sncome fund5 15 9,247.996 9.247.996 9.232,634 9,232,634 Unre5trlrted funds General funds 15 269,828 345,027 269,828 345,027 Reserves 15 Total funds 9,517,824 9.577,661 Approved by the trustees on 28 November 2025 And signed on thelr behalf by.. H. MEHMET TTU5tee 28 November 2025 Page 9 The Metropolitan Benefft Societie5 Almshouses NOTES TO THE ACCOUNTS for the year ended 31 Marth 2025 l Accounting policies 8asls of preparatlon The financial statements have been prepared in accordance with Statement of Recommended Practlce.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reportin8 Standar(J applicable in the UK and Republic rf Ireland IFRS 1021 issued on 16 July 2014 and the Financial Reportin8 Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charities Art 2011. Chan8e In basls ol x¢ounlln8 or to pre¥lous Kcounts There has been no change to the accounting policies (valuation rules and method of accounting) slnce last year and no chan8es have been made to accounts for Pfevlous years. Fund ac¢ountln8 Unrestricted fvnds These are available for use at the discretion of the trustee5 in furtherance of the general objects of the charity. These are unrestricted funds eamiarked by the trustees for partitular purposes. These are unrestricted funds which include a revaluation reserve representin8 the restatement of investment assets at their market values. These are available for use subject to restrictions Imposed by the donor or throu8h terms of an appeal. Oes18nated funds Revaluation funds Restritted fund5 Inwme Reco8nitlon of Intome Income is included in the Statement of Financlal Activrties ISOFAI when the charitv become5 entitled to, and virtually certain to receive, the income and the Jmount of the income can be measured with sufficient reliability. Income wlth related Where income has related expenditure the Income and related expendSture Is expenditure reported gross In the SOF Oonalions and le8acie5 Voluntary intome retebved by way of grants, donatKins and gifts Is iricluded in the the SOFA when receivable and OTh￿ when the Charity has uncondltional entitlemeni to the income. Income from tax reclaims is included In the SOFA at the same time as the donations and 8ifts giftldonation to which it relates. Donated services These are only included in income Iwiih an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment intome This is included in the accounts when receivable. Gainslllossesl on This includes any gain or loss resultin8 Irom revaluin8 investments to market value revaluation of fixed ai the end of the year. assets Tax reclaims on Gains/llosses1 on investment assets This includes any gain or1055 on the sale of investments. Page 10 The Metropolltan Benefft Sociths Almshouses NOTES TO THE ACCOUNTS Expenditure RecoBnition of expenditure Expenditure ts recognised on an accruals basis. Expenditure include5 any VAT which cannoi be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income. fundraisin8 raising funds tradin8 Costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charltable actNlties services in the furtheran￿ of its objerts. includin8 the making of grants and governance costs. All grant expendr(ure is accounted for on an actual paid basis plus an accrnal for 8rants that have been approved by the trustees at the end of the year but not yet paid. These include those costs a$50Ciated with meeting the constitutional and stalutory requirements of the Charity, including any auditlindependent examination fees. costs linked to the strategic mana8emeni of the Charity, together with a share of other administration costs. These are support costs not allocaied to a particular activoty. Grants payable Governance costs Other expendlture T*xatlon The charity is exempt from tax on Its chèrftable actr¥ltles. Tanilble fixed assets and deprttlatlon Depreciation Is provlded at the following annual rates in order to write off each asset over Its estlmated Useful life.. Freehold property 1% Strai8ht1Sne Fixtures & fittin8S 20% Strai8ht line Ffeehold Investment propertv Investment properties are revalued annually and any surplus or deficit is dealt with through the Statement of Financial Artivities. No depreciation is provided in respect of investment propertles. Trade and other debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash and cash equl¥•lents Cash and cash equsvalents comprise cash at bank and on hand, demand deposlts with banks and other short-term highly liquid investments with original maturtties of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown wrthin borrowings or current liabilities. In the Statemenl of Cash Flows. cash and cash equIVa￿nI5 are shown net of bank overdrafts that are repayable on demand and fomi an integral part of the company'5 cash management. Page 11 The Metropolltan Benefit societi￿ Alfflshous NOTES TO THE ACCOUNTS Trade and other creditors Short term creditors are measured at the transattion price. Other creditors and provisions are recoBnised where the charity has a present obligation resulting from a past event that will probab￿ resu￿ in the transfer of funds to a third party and the amount due to settle the obligation can be measu￿0 or estimated reliably. Creditors and provislons are nomially recognised al their settlemenl amount after allowin8 for any trade discounts due. Pension ¢osts The charity operates a defined contribulion plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity ha5 no further payments Obl￿atIOns. The contributions are reco8nised as expenses when they fall due. Amounts not paid are shown in •¢cruals in the balance sheet. The assets of the plan are hekl 5eparalely from the charity in independenlfy administered fvnds. 2 Ststement of Fln•nd•l Acti¥lti•s- prlar year Unrestrkt•d Restrlcted funds funds Tot•1 lunds 2024 2024 2024 Inwme •nd endowm•nts from: Donations and le8acles Other trading aclivities Investments 756 255.894 5,247 314 756 255.894 5,247 314 Other Total 262.211 262,211 Expendlture on: Raising funds Other 20,820 336.836 20,820 336.836 Total 357.656 357.656 Net Incorne 195,4451 195,4451 Transfers between funds 113.181 Net Income before other 8ainslllossesl Other gains and10s5tt: Net movement in funds 195.4451 113.181 17,736 195,4451 113.181 17,736 Reconclllatlon of fvnds: Total funds brought forward Total tunds carTled torwla 440.471 9.119.454 9.559.925 345.026 9,232,635 9.577,661 Page 12 The Metropolltan Benefft Societies Almshouses NOTES TO THE Accoupirs 3 Income from donations and legacies Totsl Total 2025 2024 Donations 756 756 4 Income from other tradlng artl¥ltles Unre5trlcted Total Total 2025 2024 Rent- flats 235,872 37,440 4,950 278.262 235,872 37,440 4,950 278.262 2￿,754 34,320 20,820 255.894 Rent- villas Voids 5 Income from Investments VTrre5trlrted Total Total 2025 2024 Investment income 3,424 1.545 4,969 3.424 1.545 4,969 3,204 2,043 5,247 Deposit account interest 6 Other Income Unrestrlcted Totsl Total 2025 2024 Laundry income 595 595 314 595 595 314 7 Expendlture on ralsln8 funds Unrestrbcted Tot•1 Totsl 2025 2024 Fundroising troding costs Volds 4.950 4.950 4,950 4,950 20,820 20,820 Page 13 The Metropolltan Benefft Socletles Almshouses NOTES TO THE ACCOUMrs 8 Other expenditure Unrestrirted Totsl 2025 Totsl 2024 Employee costs Premises costs Amortisation, depreciation. impairment, profit1105s on disposal of fixed assets General administralNe costs 99.752 149,985 99,752 149,985 98,593 138,287 74.377 74,377 75,649 8.159 21,802 354,075 8,159 21,802 354,075 10,391 13.916 336.836 Legal and professional costs 9 Net expendlture before transfers 202S 2024 This is slated after chargin8'. Depreciation of owned fixed assets 10 Staff ¢osts Salaries and wages Social securrty costs Pension costs 74,377 75,649 92.341 5.233 2,178 99.752 90.366 4.960 2,127 97,453 No employee receNed emoluments in excess of £60.LW. The average monthly number of tull time equivalent employees during the year was as follows.. 2025 Number 2024 Number Administration Warden Pa8e 14 The Metropolltsn Benefft Societies Almshouses NOTES TO THE ACCOUP 11 Tan8ible fixed assets Land and bulldin8S Fixtures & fittirys Total C05t or revaluation At l April 2024 At 31 March 2025 Depreclathon •nd mpairment At l April 2024 Depreciation charge for the year At 31 March 2025 lo.3￿,(￿￿* 10,3CQ,IXLI 70,943 10,370,943 70.943 10,370.943 1.1S1.IY)4 67,053 1,218,057 73,404 973 74,377 1,224,408 68.026 1,292.434 Net book values At 31 March 2025 At 31 March 2024 9,075,592 9,148,996 2,917 3.8 9,078,509 9.152.886 12 In¥eMments Other Inwstments - Usted Total Cost or re¥alu•tlon At l Aprll 2024 Revaluation 238,889 15,362 254,251 238,889 15,362 254,251 At 31 March 2025 Net book values At 31 March 2025 At 31 March 2024 254,251 238.889 254.251 238,889 13 Debtors 2025 2024 Trade debtors 11.142 5,725 Other debtors Prepayments and accrued income 33,494 44.645 16.S74 22,299 14 Credltors: amount5 falling due wr¢hin one year 2025 2024 Trade creditors Other taxes and social securrty Other credrtors Accruals and deferred income 41.256 4.594 469 17.413 7,179 537 9.254 55,573 18,419 43,S48 Page 15 The Metropolltan Benefft Socletles Almshouses NOTES TO THE ACCOUNTS 15 Movement in lunds Incornin8 resour¢e5 At31 March (Including At l Aprll other 2024 8ains/los￿j Resources expended Gross translers 2025 Restrlrted fvnds: Restricted income funds: Revaluation reseNe 9.232.634 15.362 9,247,996 Totol 9,232.634 15,362 9.247,996 Unrestrlcted funds: General funds 345,027 283,826 1359.0251 269,828 Revaluatlon Reserves: Total funds 9,577.661 283,826 1359.0251 15,362 9,517,824 Purpose5 and restrirtions in relation to the funds.. Restricted funds.. Revaluation reserye Land and bulldlngs 16 Analy55s of net assets between fvnds Unrestrkted funds Restrlcted lunds Totsl Fixed assets Investments Net current assets 2,917 254.251 66.386 323,554 9.075.592 9,078,509 254,251 185,064 9,517.824 118,678 9,194,270 17 Cornmltments Operntinq leose commltments Annual commitments under non