PLATTEN AIYD BENSON ALMSHOUSE CHARITY ANNUAL REPORT AND FINANCIALSTATEMENTS FOR THE YEAR Ef4DED 31 DECEMBER2025 X¢inadin Dalton House 9 Dalion Square LANCASTER LAI IWD
PLATTEN AND BENSON ALMSHOUSE CHARITY INDEX FUR THF YEAR ENDED 31 DECEMBER 2025 Index Legal and AdEnKnistrative Inforniation Annual R¢porl Independent Examiner's Report Receipts and PayTnents Account Statement of Assets and Liabiliti¢s NeS io the f•inancial Statements
PLATTEN AND BENSON ALMSHOUSE CHARITY LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 DFCEMBER 2025 Charity Registration Nurnber 500)74 Governing DocumeTht The pl and B¢twn Almshouse Charity is regislered with the Charity Commi5sioTh¢rn (No. 5(K)574) and constituted by a s¢heme ol. the Charity Commissiun ddied 4 January 1974. The Chariry is administered and managed by th¢ Trus¢¢¢s of Lancdster Charity (No. 213461) UDd¢r a variation of the scheme dated 10 December 1981. Trustees The Trustees, six ofwhich are appoini¢d by Lancaster City Council. are as follows- chaimn Mr R W CaTradice Other Members Darne P Fielding MtE S E Hodgsc*n Mr C Hanna Mr A Sandham Mr5 P Barker Rev L Vasey-saunders Ms N Combe {Retir¢d 30 April 2025) {Resigned 31 July 2025) Appointed by Lancaster City Council Coun¢illor D Brookes Councillor R Redfern Councillor K Budden Councillor J Pritchard Councillor P F Tynan Councillor L Belcher B9Dkers Bar¢lay$ Bank PIC 38 Markct Str¢ei Lan&ter LAI IHR Imdependent Examiner T M Preece FCCA Xeinadin Dalton House 9 Dalion Square Lanca51er I,AI IVID
PLATTEN AND BENSON ALMSHOUSE CHARITY ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 Objects, organisation and policies -The Charity was founded for the benefil of the people of Morecambe. Councillor Benson and Councillor Platten gifted the money which built the rSt altnshuuses known as 1-8, PlaLien Grove, Morecambe. Sinc¢ th¢n the Clwity has built two further properti¢s- Nos. 9 and 10, Platt¢n Grov¢. The objeci of the Charity, fvr th¢ public benefiL is to provide housing for'poor aged persons residing in the Borough of Mor¢carnb¢ and H¢ysham" dnd to apply any 5urylus inLQme for the ben¢lit of th¢ aimspeople in such a manner as the Trustees think fit. The residents are exp¢¢L¢d to ¢ontributr iowards ih¢ ¢osL of mainthining the almshouses and essential services. The day to day Thnning of the Chariry is don¢ througb the Clerk to the Trustees. Reserves policy The Lhdrity mdintiin5 suificient free reseTves to enable them to coyer on¢ yeals fixed 4md administrative expenses and any maintenance costs. Free reserves as ai the year-end were £112.144 (2024- £113,434). Review of developm¢nt, activity and achievements Occupancy remained at IOOO/o overall following 2 vacancies and subsequent new appOllents. The 2 properties required partial refuthishmenl prior to relettin8. The works identified in the pr¢vious finan¢ial period ww¢ a¢rion¢d. Numben 9 and 10 rcccived an Upgr1¢ duc to th¢ roofs being at th¢ ¢nd of their life and also ihe requirement fo improve the themial prop¢nies of the buildings. The Quinquennial Inspections look place in Summ¢r 2025 and a tUre progrdmme of works will be rolled out accordingly. The charity has sufficient funth to meet its liabilities. 'I'he trustees considw that they have complied with the duty in section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission. Financial review The rnark¢t value of funds held in inyeslments increased by 2.80/0 this year du¢ to fiwther improvement in the market geiierally. 'Ihere are siill Sufficient amounts held in Èhe funds lo comply with the requirement in the Governing Document for an Exlrdordinary Repair Fund for th¢ purp05e of providing for the extraordinary repair, improvement or rebuilding of almshouses belonging l(Tr the Charity. Mr R W Carradice Date.. lu-k1 Afn) 1010
INDEPENDENT EXAMINERS, REPORT TO THE TRUSTEES OF THE PLArrEN AND BENSON ALMSHOUSE CHARtTY report to the charity tLUStees on my examination of the accounts of the charity for th¢ for the year ended 31 December 2025 set out on pages 5 to 8. Respon$ibilities and b4si$ of r¥purt As the charity's ITU5tees you are responsible for the preparation of the accounts in accordance with the r¢quir¢m¢nts of the Charities Act 2011 ('the Act.). I report in respect of my examinalion of the chArity'S accounts carried out under section 145 of the Act and in carying out my examination I havc followed all ihe applicable Directions given by th¢ Charity Commission under section 145(5)(b) of the Act. Independent examiner's Statement I have compleied my examindtiun. I confiTtn that no mat¢rial Tnattcrs have ¢om¢ to my attenÉion in connection with the examillation giving me cause to believe that in any material respect. ac¢ounting records were not kept in respect of the charity as Tequired by Section 130 of the A¢t' or the accounts do nol accord with those records,. or the account5 do not comply with the applicable requirements concerning the fonn and conteTrt of accounts set out in the Charities (Accounts and Reports) Regulaiions 2008 other than any requirement that the accounts give a 'tNe and fair vicw, which is not a mattcr Consided as part of an indcp¢nd¢nt cxamination. I have no ¢onccrns and have come across no other matters in connection with the examination to which att¢ntion Should be drnwn in this report in order to enable a proper understanding of the accounts to be reached. Tm PrféiL T M Preece FCCA Xeinadin Dalton Hous¢ 9 Dalton Square LANCASTER LAI IWD Date..
PLATtEIY AND BEIYSON ALMSHOUSE CHARITY RECEIPTS AN'D PA YMbN rs ACCOUNT FOR'fHL YEAR ENDED 31 DLCbMBER 2025 G¢n¢ral Purpos¢$ Fund 2025 21124 Noies Illcome receipts AnK)unts ¢oll¢¢ted from resi(knts 3&364 39,876 Ir)vestsnenl Inwjne Bank intcrcsl rcccivablc Jncom¢ from inv¢stm¢nts 940 3J19 796 3.418 4,214 Asset and invt>lm¢Dt Mlrs 15,tMJo Totsl receipts 57129 44.V90 Total payments Isee Page 6) 59.119 25.446 Net 5urplusl(thfieit) for the year (1.289.76) I8.4 Cash and bank balatKcs at 31 Dcccmbcr 2024 113.434 94.790 Cash bank b#l#Dce5 as at 31 De¢ember 2025 112.144 13.434
PLArrEN AND RF.NSON ALMSHOUSE CIIARITY RECEIPTS AND PA YMEIYTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 202S Gèneral Purposes Fund 2024 Di( thiritable ¢ipeNditure Pruperty Tepairs Extraordinary repairs Gr&ss culling and gardening Proptrty insuianc¢ Waier ¢harg¢s Cowi¢il I Heat and Light 29,953 15,000 5,676 1.395 4,203 482 233 13.170 5.400 .357 3.659 56,942 23,585 Other exp¢ttditure Management exwJs¢s AcLE)un¢4n¢y Subscliptionb Surt41ry Mutui and travel expenses 312 967 365 45 488 312 i.oiy 353 89 88 2,177 1.861 Totsl pgym¢nts 59,119 25.446
PLATTEN AND BEP4SOIY ALMSHOUSE CHABJTY STATEMENT OF ASSE'fs AND LIABILITIL8 AS AT 31 DECEMBER 2025 2025 UDru¢riced funds 21124 Unre5triced funds C*sh fund$ Ilarclays community account Bar¢lays high int¢r¢st bu5inr&5 awounl 37,057 75.087 42.812 70,022 112,144 13.434 Curr¢nl Valut Investmewt assets Fund Cost V¢rrnanent ndthwment Pctn]anLiII Endowm¢nt xtraordinary Rcpair Fund Lxtraordinary Repair fund 3.65l.09 (:harities Official Investment I'und (Colfl irKome shares 1,872 70.546 10.341 M&ti Investm¢n¢ Clwity Multi Ass¢t intt)m¢ siwrts 101 10.695 399.872 M&CJ IntrnCllt Charity Multi accurnulation sharcs 1579 56.353 62 M&G Inv¢sim¢nt ('.harity Multi a¢¢umulation shares 8.738 1.777.98 CharitjC5 Otfjcial Inve51mcnt Fund ICOIFI inconK shaTCS General fuThd 5.561 34.354 As5et5 for the charity's own use 'und Currtnt Vglue P¢rtndneni Endowm¢ttt 1-10, Plten GrovLlln MoreLambe Valued 4ih May 1995 200,000 Currewt Li2bilities Fund Amoun¢ du¢ 2024 Acwuntancy Gertrd Fund 875 814 Approved bytk'l n]st¢es and s]ed on their behf by Mr R W Carradice TTUStee O...aL,. ILkK l 10 2
PLAF.rI AND BF.P4SON ALMSHOUSE C.FIARITY NOTES TO THE ACCOUNTS FOR THE ITAR ENDED 31 DECEMBER 2025 List of r&Eidents No. I M8 Yvonnt Hutton No. 2 Mr Peter Stevenson No. 3 Mr Briun M¢Camley No. 4 MT5PatriciaBr( No. 5 MTS gylvia Ikwar No. 6 Mrs Mari& Andersson No. 7 Mrs &Js8n Dye No. 8 Mr John Mccamley No. 9 MT Nigel Andy Ford No. 10 Mr Howard Harri5th1 Investments Inv¢stmtnt lth¢om¢ 2025 2024 mark Vslue 2024 ENdowment funds 3,651.0() COIF Income share5 10,341 M&G Chatity Mulli As5¢t 2.071 440 2.017 419 70.546 10,695 74.093 Extraordinary repair fund 462 M&G Charity Multi Assd 65.091 69,022 General fynds 1,777.98 COIF Incom¢ shgrcs 1,009 982 34.354 36.081 3.519 3,418 180.686 188,795