CHARITY REGISTRATION NUMBER.. 512195 Earsdon, Newburn and Shilbottle Almshouse Charity Unaudited Financial Statements 31 December 2025 Earsdon, Newburn and Shilbottle Almshouse Charity Flnancial Stalements Year ended 31 Decern￿r 2025 Page Trustee'5 annual report Independent examinerfs report to the trustee Statement of financial activities St*ement of financial position Notes to the financial ststements The following pages do not fonn part of the financial statements Detailed statement of financial activities 13 Earsdon. Newburn and Shilbottle Almshouse Charity Trustee's Annual Report Year ended 31 December 2025 The trustee presents his report and the unaudited ffinancial ststemènts of the association for the year ended 31 DetAmt￿r 2025. Rokmnce and adrrdnislMtlY8 det*ih Registered Charity name Earsdon, Newbuin and Shilbotue Amshouse Charty Charfty reglstratlon niimber 512195 The tru¥ts¥g £%￿ffi￿O.. Rev. A Harding J Robson Ch8wman Co.opted." N Bruce A Taylor Wshaw W Tail Ind•pendentex•miner JFS Torbitt Ch8rtÈrèd Certified Accountant¥ Durham Road Birtley Co Durham DH3 2QJ Bankers Barclays Bank PLC City Offi Per¢y Street Newcastle upon Tyne NE14QL Fund Managers Black R(￿k Investmenl Management IUKI Ltd 33 Kind Imlliam Street London EC4R gAS Earsdon, Newbum and Shilbottle Almshouse Charity Trustee's Annual Report (cond#tMdJ Year ended 31 December 2025 Stru¢lurg, governance and management Goveming Documenl The organisation is governed by a trust depd dated 7 January 1982. RecruitmerJt8ndApp￿nIment0f Truste The charity aims to maintain its fundions by rèuuiting loeAI business people and appropriate Individuals from the loeAlity who have the nec£ssary skills and local kno￿edge to monitor the financaal p¢)sition of th¢ chartty, and to make the necessary provision of 8ccommodaiion to the resident5. The recruitmenl of n￿v.Trugtee$.is a ￿att￿r for the Board of Trustees, and when V8￿ne189 8nse. in eth•r numbers or skill ctsverage. the Chairrnan will bè askèd to approach suitable candidates the combined o)ntscts of all current Tru51ees. Such appointments wll bear in fflind the need to have 8 kn￿edge of the region, ￿ understanding ol and èmpalhy with thè charitable sector, coupled with a general recognition ol the needs ol th¢ ￿sidents. None of Ihe Trustees ale enlttted 10. nor receivèd. any remuneration for their services to the charity during the year. Additionally. no expenses have teen Paid to any Trustee. Trustee InducbtM ènd Training The Trustees are all lamilrar the work ol th8 charity, and rEw Trustees are encouraged to alt¢nd al the tharity's règistered office where they are briefed on the aims, objectives and other operaticfjal matters, in add￿on to their role5 8rKI responsibil￿•S. Risk Management The Trustees actively review the rllajgl risks whi¢h the charity faces on a regular basis and b•I￿v& that maintaining reserves at current ￿els, combinèd wth an annual review ol the controls over key finana81 systems, will prDvide suffirAent resource5 in the event of adverse condition5. The Trustèès have ￿$0 examined other operats.onal and business risks laced by the charity and conffimi that they have established systems to mitsgate Ihg signrfiGanl risks. Obj•ctlv•s and actlvltles Activib&$ Eaisdon, Newburn and Shilbottle Amshousè Charty meats the definition ol a public benefit entity under FRS 102. The prinipal ac*Mty ol the Charity is to prowde ￿SIdentIal 8ccomrnodation for the poor and neety ￿sid1ng in or near Earsdon, Newburn and Shilbc*ttl8. The Charity owns and Thainlain8 12 adjaont properties in NEwburn for which the residents contrii*rte 8 nominal w88kly sum to cover maiwtsnanc¢ and running costs. Achlevements and p0rfomi8ncè Dur#)g the year, the charity achièvéd fijll occupan￿, with no vo￿8 being eXperier￿d. Maintenan C£Jntributions have steadily inu¢ased in line with test practice and now réprèsent adequate cover for ongoing and routine costs. Flnanclal r¢vlew The Stalernenl of Fin8nud Activiti8s shows net incnrning resources forthe year Ibelore movements in thè Ma￿et value ol investments) of £13,128 and ujmulative reserves to carry forward ot £461.857. The Trustees have c£)n8KlèrÉd any major risks to which the charty might be exposed in the near future, and con$ider that the present level of fwding is adequate to support the charity's current operations. The Trustees considèr the currènt financial position of the chanty to be g(M)d a)d continue to rnonllor the posltion to ensure the future financial powtion ￿MaInS seeur8. Ear3don, Newbum and Shilbottle Almshouse Charity Trustee's Annual Report Iconibtruedj Year ended 31 December 2025 Re8erv•s Pollcy The charity's sole purpose is to provide a￿0￿MOdatIOn lo qualifying Almshou￿ residents, and as suth maintains suffieiÈnt liquid funds lo detray roub.ne maintenance and ¢)ther running coists". whilst maintaining 8uffiGient longer term invéstments in approved funds to cover any major capital expenditure. The Trustèès consider that oper81iThJ rèserves Suffic￿￿1 lo o)ver these administrativ8 costs lor up to 9 rnonths are 5ufkiÈnt irt the context of the Ghaiity's current Obje￿"ve$. Plans for future perlod¥ There are plans lo expand aetivities ol the charrty. Th8 trustee's annu81 reKX)rt was apFvoved on ,...,...................... .. and sign8d on behalf ol the board ol trustees by". J Robson Trustee Earsdon, Newburn and Shilbottle Almshouse Charity Independent Examiner's Report to the Trustee of Earsdon, Newburn and Shilbottle Almshouse Charity Year ended 31 De¢ember 2026 I ieport to th8 trustee on my examination ol the financial ststaments ol Ewsdon, Newburn 3Th1 Shilbottle ￿[n$hOuSe Charty I'the assoriation'l for the year ended 31 De￿rnb&r 2025. Rg$pon8lbllhles and ba818 of r•port As the trustee of the asso¢i81ion you are responsible for the propar8t.on ol the finanrAal ststeTnents in accordan￿ wth the requwements of the Charities Act 20111'the ACYI. I rèport iii respect of my exaTnin*ion of the assw81ion's flnancial sla¢ements" caTTied ovl undèr $8ction 145 ol the 2011 Art and in carrying out rry examination I have folltswèd thè appiuble Direction given by th8 Charity Commission utKler section 14515llbl of th? A¢1. Independent •xamlner'8 statement I hav• compleled my ex8Fninalion. I confimi th* no matèrial matters have come to my altention in Conl￿tIon wth the exarnination glving me cause to bdieve that in ary mot8rial resp￿.. accoullting records were not kept in rwe¢t of the assctiation 89 required by section 130 of the Act,. or Ihg f￿an￿al ststements do not S(￿Ord with those record8', 01 the finanGial statements do not ¢empty wth the applicable requiremènts CA)nceming the form and content ol accounts sel out In the Charthes IAccounts and Reports) Regulations 2008 other than any requirement that the accounts gve a 'true and faiv view wtu.ch is not matter considered as part of an independent examinaiion. I have no con￿M$ have cx)me across no other matters in connection wth the examination to which attention should be dra￿1 in this report in order to Enable a proper understsnding of the a¢¢ounts to be reachèd. J E Fre*￿an Indeptrndènt Examln•r 58 Durham Road Biruey Co DLwharn DH3 2QJ Earsdon. Newburn and Shilbottle Almshouse Charity Statement of Financial Actlvltles Year ended 31 December 2026 202S Unrestricted furtds Total lund8 Totsl fund$ 2024 Income aintsnsnc8 contributions from ie8idents Investment ircome 4S,319 5,377 45,519 5,377 50,896 42,169 5,261 47,430 Total Income 5D.896 ExpendSturo Expendilure on raising fvnds. Piopety management expenses Expenditure on charitable act￿1￿È$ Total expendlture 37,078 6S 37,078 690 57,807 37,768 37.768 58,467 Not In¢omel{expendltursl 13,128 13.128 111,0371 Other recognlsed gains and losses Gr(wthlldiminut￿nI trom revaluation of fixed assets t movèmènt In furKIs 12,919 10,2Q9 12,9191 10,209 16.5311 Reconciliation olfunds Totsl fvnds brought forwaid T+)tsl funds carrled forwar(I 451,648 461,857 451,648 461,857 458,179 451,648 Fund balances are anatysed Rwènue Reserves Revaluats'on Reser¥e Capit81 Res6￿e 138,473 134,868 18e.498 137,345 122,888 191,415 461,857 451,648 The statemènt of finanaal actrvitse5 includes all gains and losses recognised in the year. All In￿me and expenditu￿ d8riv8 from o)ntinuing aGbvilies. The noteg on pay•s 7t0 11 lo￿ part of the#e lIn￿GI¢[ stalemgnts. Earsdon, Newburn and Shilbottle Almshouse Charity Statement of Financlal Position 31 December 20 202S 2024 Noie Flxed ass•ts Tangible fixed assets Investments 107,355 263.143 108,624 268,C62 374.6e6 10 370,498 Current 88sets Debtors Cash al bank anfl in hand 3,161 91.144 4,647 75,414 80,061 Credfjtors: amounts lalling due wlthin on• year current ￿￿ets 12 12,9461 91,359 461,857 461,857 13,0991 76,962 451,648 451,648 Totsl aBrygts less eurrent liabllllles Net as$ots Funds of the charity Unrestrictsd funds." Revenue re8èrv& Revaluation reserve other unrestricted income ￿ndS 138,473 134,888 188,496 461,857 461,8S7 137,345 122.888 191,415 451.648 451,648 Total unr•5tTiCted fvnds Total ¢lArlty fund¥ 13 These finan(llal staternent$ w•r8 approved ty the board of trustees and authorised ftsr i&8uè on , and are signed on behglf ol tme board by.. J Robson TNstee The not88 on page• 7 to 11 fomi partol th￿9 financlal ¥tatemen Earsdon, Newburn and Shilbottle Almshouse Charity Notes to the Flnancial Statements Year ended 31 Decembfrr 2025 General Inforniation The assooation is a public b8n•fit entity and a registered charity in ErrfJland and Wale5 and is unincorporated. The format of the financial ststemènt eomplies with the A¢counting Requirements of the Hw$ing SORP 2014.. Staletnent of Recommended Pr8etie8 for Registered Social Housing Providars aThJ in Accounting Direcl"on lor Private Registtrred Providers oTrf social Housing 2015. Statsment of compllance Thes8 finanaal 6tatemenls have been prepared in ￿MplIan￿ witn FRS 102, 'The Financial Reporting Slw)d8rd applicable in the UK and the Republic of Ir61and', the Staternent of Recommended Pradice applittAble to charf(ies preparing Ihtrir accounts in 8¢(x)rdancé with the Financial Reporhng Standard applicable in the UK and Republic of Irèldnd IFRS 1021 IChatib"es SORP IFRS 10211 the Charib"es Act 2011. Accountin9 pollrle¥ B8sls of preparatlon ThÈ finanaal statern8n18 have been prepared on the historical cost basis. as modified by the revaluation of (*rtain financial assets and liabilities and invesbrent properties mea8ured al fair valuè throu9h income or expenditure. The financial stat¢menis are prepared in stèrling. which is the fundional C￿rrenCY of Ihè enb"ty. Golng ¢on¢ern Therè 8ra tv) material uncertainb.es about the chanty's at41ty to ￿ntinUe. Diselosur• •x•mption¥ The entity satisfies the criteria of being a qualifytng Èntity 8s defined in FRS 102. As such, advantage has been takèn of the following disG1osure exemptions availablè under paragraph 1 12ofFRS 102.. lal No cash flow statement ha5 been piesented for the compJny, Ibl Disdosures in respeth of financial instruments have not been presented. Fund accounting Unrestricted funds are available for use at the di8enition of the trustees to further any ol the charty's purposes. Dèsignated funds are unrèstrict•d funds eamarkgd by the trustee for parb"Cu￿r ftrture project or commitrnent Restricted fvnds are subie¢¢ed to restriction$ ￿ their expenditure dedared by the donor or through the tsrms of an a￿e¥l, fall into one of ￿ Su￿￿058es.' restricted ￿n￿me funds or endowment lund$. Earsdon, Newburn and Shilbottle Almshouse Charity Notes to the Financlal Statsments l¢ontinL*d) Year ended 31 December 2026 A¢¢ountlng pollcles (¢OlllAnued) Incoming resources MainteD￿c9 GontriLMJtions and invèstment income are shown when receivable, R8source8 expènded Expend￿re is rerognised on an actrual bA￿S as a liability 15 incurred. Expenditu￿ Includes any VAT which cannot be fully recovered, and is das5ified und8r headings ollhe st*ement of financral activities lo which It relates. Charitable expenditure comprises thcbgè eosts incurred by the thartty In felation to th8 propertles. It indudes t)olh Costs that can b? all¢xated directly and thos• costs of an indireGI natu necessary to SUPFQrt Ih¢m. All repairs are charg8d to revenue unle88 they represent a slgniflcant improvement lo Ihe propety. G0veMan￿ costs indudes those eo$t$ assooated with maèting the constitution4 and statutory requirements of the chaiity and include thè ind8p8ndent examination fees and costs linkeQ to the strategic man8gement ol the charty. Depreclatlon Dep￿latIOn is calculatèd so as to write off the ¢ost or valuation ol an asset less its re8Klual value. over the usalul economic life of that 8SS8t 8s follows.. Fieehold propety 1% straight lin8 Investmènts Unlisted equity investments are initially recorded at ￿$1, and subsequently Mèasur￿ at fair valu$. If fair value cannot b8 reliably measured. ossets are mea8urÉd at cost less impairment. Listed In￿￿tsnents are measur•d at fair value with changes in fair valu$ ￿Ing rec￿lSed in income or expendltse. Houslng propertles The Ajmshouses were construded in fr late Nin•t8enth Century and there is no record ol the original cost and no value is attritxrted thereto. The Housing Property relate to improvèménts carried out Sin￿ 1960 wéré fiJnded by a HousiThJ cc￿poratiOn Grant, 8 mortgage loan from Housing Corporation sewred by 8 charge cfi housing, land and buildings and from thè Almshouses own ￿0Yree$. Whilst the prop8rties are maintsined in a state of repair such that their estimateil residual valuè is not less th￿ their improvement Cost oi Carrying arnount, an annual charge lor de￿¢iatiOn of 1% $traight line has been prwd6d in line with the pr8vw)us year Houslng assoclavon grant Housing Association Grant IHAGI is paid by thE Housing CorpOrat￿n to reduce the ￿st of development and is, therefore, sl¥)wn as a deduction from the cost of Hous1￿ Propèrtiès on the Balance sheet. HAG is lepay8b￿ under ￿rtain circumstsnces, primarily lollowng the 8ale of the property, will nomally be restr1d￿ lo net proceeds of Sale. Earsdon, Newburn and Shilbottle Almshouse Charity Notes to the Financial Statements (¢onthiuwO Year ended 31 December 2025 Invèstment Income Unr8stricted Totsl Funds UNestricted Total Funds Funds 2025 Funds 2024 Incorne from listed investments 8ank interest ￿1vable 4.849 528 4.722 539 528 5,377 5.377 5,261 5.261 Costs of ralslng donatk*ns and legacles Unrestrided Total Funds Unreslrithd Tolal Funds Funds 2025 Funds 2024 Water rates Proles8ional charges Rèpairs and renovations Building insurance Property d8preciation Subscriptions 3,807 11,108 14,764 2,4S5 1,269 3.875 37.078 3,607 11,108 14,764 2,455 1,2e9 3,875 37,078 10,863 10,863 9,208 33,198 2,421 1.269 33,198 2,421 1,269 58,34e 57.807 Govemance cogts Unrostrtcted Total Funds Unrestricted Total Funds Fundts 2025 FurKIs 2024 Independènt èxaminerfs fee 690 660 Taxatlon The Amshouse Is a regIS￿red Charity and is therefore èxèmpt from liability to tsxation on its Income and Capital Gains. staff Costs The charity has no employees and no payments have boen made to any oflhè trustaes during Ihe year Earsdon. Newburn and Shilbottle Almshouse Charity Notes to the Flnancial Ststements f¢Olltinuodl Year ended 31 December 2025 Tanglblè fixod assets FrèÈhold propety Cost Ori&¥nal cost Housng As80¢iab"on Grant Ytxjr Hom8s Newcaslje Grant 882.035 1255,1371 I500,0￿) 126.898 At 31 Dg¢•mber 2025 Dgprg¢iation At 1 January 2025 Charge for the year At 31 Doe•mber 2025 18,274 1.269 19,543 Carrylng amount At 31 D￿¢M￿r 2025 107.355 At 31 December 2024 108,624 10. Investrnènt8 2025 21)24 Trust Fund The Charitls Official Inveylmènt Fund ICOI 8,548.050 In￿me sha￿$(2024- 8,548.050 sharasl 165.165 173,468 Extr#-Ordlnary Repalr Fund Chaimco Commr*) Investment Fund 2,008.505 A￿m￿latIOn Shaie$12024- 2,008.505 shar8sI 97,97B 263.143 92.594 6.062 The decre8s0 in fixed asset invèstments is due to the unrealised diminutiC*n on molualion of £2,91912024- £4,506 gain). 11. Delknr• 2025 2024 Tradè debtors Prepayments and accrued incomo 1.928 1,233 3.161 3.425 1,222 4.647 10 Earsdon, Newburn and Shilbottle Almshouse Charity Notes to the Flnancial Statements iCDnl1n￿4j Year ended 31 December 202S 12. Creditors: amounts falllng duè wlthln one year 2025 2024 Payments received on account Trade creditors Accruals and deferred irumè 289 1,997 860 289 1.995 815 3.099 13. An41ysls of charltsble fund8 Unrestrkted funds Gains and At losses >1 Dec 2025 1 Jan 2025 IrKome EypendEture Transfer5 General funds Capitsl reserve Revaluat￿￿ rese¥ve 137,345 191,415 5Ql, 137,7681 112,otoi 138,473 188,496 12,9191 122,88e 12,000 134,888 461.857 451,64e 50,896 137,7681 12,919) Al 1 Jan 2024 Gains and Al losses 310ec 2024 1￿me Expenditure Transfers General fvnds Revaluation reserve Revaluation rnSe￿e 16D,382 47,430 158.4671 112,ClCQI 137,345 188.909 4,506 191,415 11D,888 12,(X)O 122.888 451.648 458,179 47,430 158,4671 4,506 14. Anaty$l$ of net assets b•t￿n fundB Unfftsiri¢led Total Fund5 Funds 2025 Tangible fix8d assets Investments Current Assats Créditors less than 1 year Ngt assets 107.355 283,143 94.305 12,9461 461,857 107,355 263,143 94.305 12,9461 461,857 Unrestricted Total Fund5 Funds 2024 Tangiblè fixed assets Investments Current Assets Creditors less than 1 year 108,624 266,C 80,￿1 13,0991 451,648 108,624 266,062 80,061 13.0991 451,648 Net assets 11 Earsdon. Newburn and Shilbottle Almshouse Charity Management Informatlon Year ended 31 December 2025 The follo￿ng pages do not forn part ofthe flnanclal Statements. 12 Earsdon, Newburn and Shilbottle Almshouse Charity Detalled Ststement of Financlal Activities Year ended 31 December 2025 2025 2024 kncomg Malntenan¢e ¢ontrlbutlons from resldent# Nel incorne from rents and Serv￿ d)8rg8S 45.519 42,169 Imiestment Incomg Income from listed investments Bank interest receweble 4.722 539 528 5,377 5.261 Total income 50.896 47,430 Expgndltur¢ Costs of ralslng ma1ntÈnar￿• contributlons Rates and water Propety Management Repairs and rnainlenance Insuran Depreriation sui)scriptli￿s 3.807 11,108 14.764 2,455 1.269 3,876 10,863 9.208 33,108 2.421 1.269 1.389 58,348 37,078 Expendlturè on eharltable actlvldes Ind¢p¢ndent exarninerfs f6è e90 119 Total •xpendlture 37,768 58.467 Net Incomtllexp•ndlturel 13.128 111,0371 13