THE STABLE ALMSHOUSE TRUST TRUSTEES REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2025 CHARITY REGISTRATION NUMBER 810281 Bank: Charities Aid Foundation Bank Ltd 25 Kings Hill Avenu¢ Kings Hill West Malling Kent MEI 9 4JQ Independent Examlner: Finsbury Robinson Ltd 237 Westcombe Hlll London SE3 7DW
INDEPENDENT EXAMINER?S REPORT TO THE TRUSTEES OF THE STABLE ALMSHOUSE TRUST FOR THE YEAR ENDED 31 DECEMBER 2025 I reFKJrt to the charity trustees on my examination of the accounts for tPE year ended 31 Dember 2025. Responslbilltles and Basis of Report The charitys trustees are resp)nsible for the preparation of the accounts. The charfvs trustees consider that an audlt is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Att) or under Regulation 10(I)(d) of the Charities Accounts (Scotland) Regulations 2006 (the 2006 Accounts Regulatlons) and that an independent examinatlon Is needed, It Is my reSponsIlIty to: exami the accounts under settion 145 of the Charities Att 2011 to fdlow the prccedures laid down in the general Directions given by the Charlty Commission under section 145(5)(b) of the 2011 Att; and to state whether particular matters have come to my attention. Independent Examlner's Statement I have completed my examlnatlon. I conflm that no matters have come to my attention in connection with the examlnatlon glving me cause to believe., (l) which glves me reasonable cause to belteve that In any materlal respect the requirements.. to keep accountlng records in accordan wlth lon 130 of the 2011 Art; and to ppare accounts which accord with the accounting recDrds and to ccrfnply wlth the accounting requlrements of the Act have mt been met; or (2) to which, in my opinion, attention Uld drawn in order to enable a proper understanding of the accounts to be reached. I have no conM5 and have come across no other matters in connectson wlth the examination to whlch attentlon should be drawn in thls rewrt In order to enable a proper understanding of accounts to tse reached. Gemma Fcgarty 3rd July 2026 237 Westcombe Hlll London SE3 7DW
TR 81 ear End istrati Tr 202 The st comprises four self- contained flats known as the almshouses, one house and a small single storey building providing offtce space to St Paulinus Church. The properties are situated in tron Mtll Lane. Crayford, Kent DAI 4RW, Ob"eetives and Public benefit: The twst deed which h&5 been in existence since 1876, provides housing for widows or single women over the age of sixty by way of almshouses (12, 124 14. 14a) in Iron Mill Lane. In November 2024 the house (16) was let at a residential renL (previously under the Fair Rent Act) the sury)lus from which is to be used to contribute towards the upkeep of the almshouses. 8A is used as the parish office and no rent is charged. Livemiores Estate Agents manag¢ th¢ properties. In 2021 sound and fireproofing was installed between 12 and 12a and the upstairs flat w&s refijrbished at a total cost of £19,100. In 2023 th¢ roof and chimney stacks of no 16 were repaired and in 2024 th¢ chimney stacks of the almshouses were made safe. In 2024 the house became vacant. It needed a major renovation which was carried out over 6 months at a cost of £165,000. Reserves: In 1976 the tnLYtees set up a repair fund for the propety, which is invested in the Charities Official Investment Fund (COIF) to be used &s a long-terni investment for future repairs and ther¢ is a cyclical maintenance fund for routine repairs invested in a COIF deposit fund. Due to the renovation of the house, no transfers have been made into these reserves. The house is now leL and this should over time, replenish the reserves. Trnstees: Andrew Sinclair (Chair), Carol Demuth (Treasurer), David Day, Revd. Paul Prentice (Rector St Paulinus Church) and Cllr Melvin Seymour (Local AuthorAty appointed Tntstee). Trnstees, rts onsibilities The trustees are required under the Charities Act 2011 to pr¢pare financial statements for each financial year which give a true and fair view of th¢ clwity's financial activities during the year and of its financial position at the end of the year. tn pieparing financial statements giving a true and fair view, the trustees should follow best practice and.. (a) (b) (c) Select suitable a¢¢ounting policies and apply them consisfrntly. Make suitabl¢ judg¢ments artd eslitllates that are reasonable and prudent. State whether appEicable accounting standards of recommended practice have been followed, subject to any departures disclosed and explained in the fmancial statements. Prepare the financial statements on a going concern basis unless it is inappropriate to presume that th¢ charity will continue in operation. (d) The tnLSt¢es are responsible for keeping accounting records, which enable them to disclose with rewnable accuracy the financial position of the cFLarity, and for ensuring that they comply with applicable law and regulations. They are also responsible for safeguarding the assets of the clwity and for tsking reasonable steps for the prevention and detection of fraud and other i¢gUlaritieS.
The Stablè Almshouse Trust Charity registration 810281 ststement of Assets and Liabilities as at 31 st Decomber 2025 NOTE 2025 2024 FIXED ASSETS Housing and other propertiés Investments 54,t53.44 22,799.87 76,953.31 54,IS3.44 13,152.50 67,305.94 CURRENT ASSETS Balan at bank.. Cuff8nt Balance at bank.. Deposit Livemiores- managing agent 5,056.52 25,663.19 2,564.20 33.283.91 4,858.34 4,411.85 489.92 9,740.11 CREDITORS: Amounts falling duè wlthln on8 year NET CURRENT ASSETS 1720.TrJI 32,3.91 {500.001 9,240.11 TOTAL ASSETS LESS CURRENT LIABILITIES £109,517.22 £76,546.05 FUNDS OF THE CHARITY Property reSee.. restricted Endowment Fund.. restricted Cyclical Maintènanc8 Fund'.designated Extraordinary Repair Fund-designated Accumulated Gener81 Reserves 54,153.44 54,153.44 14,378.18 7,775.69 32,563.91 £109,517.22 8.343.18 4.183.32 9,240.11 £76,546.05 Thos& financial $taterrEnls were approved by the Iruslees on ned on behalf of the trustees.. Andrew Sindair (Chair) Dale its
The Stable Almshouse Trust Charlty regl8tratlon 810281 statement of Flnanclal Actlvltle8 for the Year Ended 31st December 2025 Unrnstricted F n 2025 NOTE 2024 INCOMING RESOURCES Inwne from Charitsble Activities Income from Pemanent Endowment Donation from Swaisland Trust Profit from sale of ERF units Deposit account interest Currgnl aUnt interost TOTAL INCOMING RESOURCES 46,600.CQ 73.19 27,041.00 71.25 to,000.00 48.953.33 2,190.93 28.87 86,285.38 640.81 16.56 47,330.$6 CES EXPE Management expense8 Repairs & Maintenanegthroutine Repairs & Maintenance-non routine TOTAL EXPENDITURE 9.190.16 5,271.60 38,785.39 12,846.94 165 576.¢XI 217.208.33 14,461.76 NEr rGOING NCOMIN IN 32,868.80 (130,922.951 TRANSFERS FROM FUNDS TO GENERAL Cydical Maintenance FLtnd laddilion)Mithdrawal Exlraordinary Fund addition Extraordinary Fund wthdrawal 16,035.001 13,510.1301 20,1)00.00 19,545.001 67.046.67 NET MOVEMENT IN FUNDS 23,323.80 {43,876.281 GENERAL FUNDS BROUGHT FORWARD 9,240.11 53,116.39 GENERAL FUNDS CARRIED FORWARD £32 563.91 £9 240.11
The Stable Almshouse Tru8t Charity registration 810281 Not08 to tho Accounts 31st Decgmb•r 2025 ACCOUNTING POLICIES 1.1 2asls ol w•pafatlon of a¢Munts The Inanriol ststernents ar¢ prgP8r8d under tho historlcal cgst wnvonbon and InchJd8 the ¥esutt of the ¢Jp8rabgn8 whh ar• the Trustees Report and all of %¥hkh are contirwlng. 1.2 Tanglbl• flx8d ass•ts lor uso by tho charfjty and dr•clatIOn. Tangibb fixed asset$ for use by the charity arg ststed atvaluatton by tho trust£ at 3rd Octob•r 1994. Gfants roc•W bythè tharity h8ve b8Èn shomfft a8 0 deduction from thè valuation of the historical cosL Al tangibk fixed assets are hekl lo benefrt the charitys ben8kkgri8$. DepalK)n has not been charged as the mathetvalue excd$ IM hk%torieal c05t¥8luation. 1.3 Incomo The income from rents and Snvestrnenb are 8h(wn grw. Income pèrrnanentend(ynts have beèn r•c•wéd in thg Period as $tated in th8 accounts. 1.4 Taxauon Valu8 tax 1$ llO¢ rwvgrsbb by thè d)arty, and a$ suth * induded In the rebvant c4Jsts In the Statement ot FinanL%al Activths. Th• charity d$ not pay lax as il does not trade. 2 ORIGIN Th4 eh8rity was er&8tod by lThlentum dated 4th Octeber 1876 to racognvde and ¢memor8 the matsrial a88i$tsnce gwen by Sophia Swaisland and Eln Stab. Ihg charitable woth of Henry MoTrLgnd Au5ton, fo[r Rgctorof Crayford. 3 FREEHOLD PROPERTY 2025 ValuatKin made 311011994 171,592 H¢)uslr¥J A8sodaUon Grant Swaisland Trust Dona 8ex CounG4 Gran¢ $6,039 3,000 18,399 117,438 NET 8OOKVALue £54.154 Tha almShj888 and oth8r yo[rtS Were nstruC in the k9te Nineteenth C•ntstsry. There record of the oilginal tJJSt. The freehold was gtfted to Ihe ¢haritsble tru8t in 1876. The detaifs rela kn Ma1 Improverrnts carried out in 1994, whkh separate(l the two shared houses Into four independentfiats. This upgrade was fvnded by 8 Housing A$8ooation granL a orant from Belky Countil and an inièf8Stfrte un5Kured ban frcrn the Amshouse Assooalion. The S proF¢rt8 are insurett for £1.456,001. Adesktcy valuats.on for r8buiklirq was rned out in November W23.
The Stable Almshous• Trust Charity rogistratlon 810281 Noto8 to tho Accounts 31•t Docembor 2025 4 INVESTMENTS AND LONG TERM DEPOSITS The oruirlal cost of the 729 COIF Charftes Invesknent Fund inwre &harns is notknown aTrJ Ih8irvatUg at 31st Decwnbar 1991 has attributwj as Cost. Inwn18 transferred 6tr8hl to ggnefal reser¥es (Noth n 2025 2024 846.00 Markèt Val at thè énd of year 1 £19.84S per $har? 20241 Thè marktl valuè in totsl is £87.47 k$$ than the 2024 valu•. £15.3219 pershaie £2,492.53 £2.560.00 The ERF w&q establk%hed In 197e and ts)nskSts COIF Charitie8 Investsnent Fund 8rnU18tyon units. Thi• a bng tem) inTrffttmefit to me•t e05ts of rn8jorgtructural repairs and unprovom8nts in thg fUre. 2025 4,163.32 3,510.00 102.37 2024 71,115.44 Cost aknbutabb at beginnlThJ ofyear. Addit)n8 tofund Net distributK)ns reinvos sa of 444.74 unrts at cost ifi 2024 Cost altributab18 atend Olr 17.6829 13.7871 94.55 87.046.87 4,163.32 31.4700 7.775.69 Marf(ot valu0 at baglnning of yèar Inueoje due to distributions reinvested dition$ to fund Proce&J$ olsalts In 2024 Inwa8¢ In mark?t value l{devaluaUonl Mathet vglue at year trnd £255.5345 17.ea29 4,608.44 102.37 3,510.00 114.680.30 94.55 t8.7871 (114,000.001 3.833.59 4.808A4 179.14 8,041.87 31.4700 444.74 COIF actmUlatiOn unrts re 8c4d in 224 to help fund tho ranovakn of number 16. &3 Ical M Eskbli$hed by transfer of general r[¥85 In 1999 to m08t maintenance tthjrring at rEgular intervals Such as intern81 cf extsmal de¢orats"on6. repairs and renewals. 2025 6.343.18 6,035.(KJ 389.47 389.47 4.378.18 2024 28,343.18 COIF Chariti DepoB4t Fund bft¥d dftk)ns Inter85l Transf8rr•J to G8néral Rès8N8S 1,187.16 21.187.16 £8,343.18 Total ¢t I nots* &1. 4.2, 4.3.) •811 In¥estm8nt• £22,799.87 £13,152.50 2025 2.5e4.20 2024 469.92 S DEBTOR.. Uvannor8• Mawglng Ag•nt ¢ReDtfoRS: Amounts falllng duo wlthln w&ygar Ind8P8nd8nl examination fee Carol Demuth hOraUM 420. 300.CQ 500.00 20. £soo.00
The Stablo Almshousg Trust Charfty reglstratlon 810281 NotM to th• Accounts 31st Dgcembor 2025 PROPERTY INCOME 2025 2025 R•s*Jonal mnt recewabbloxduding almshou89$1 Conlributton8 r0esNab frorn almshous8 tenants Rent losses from voKI$ 22.2(M).LNJ 24,4W.00 22,200. 24,400.C¥) 46.600.00 40.600.00 The average a$sured tsnanw rent assuming no v0S for housing 3ccomodat)n IS dweJling$l 1$ £9.320 whKh is a 38% incr8 on 20241£6,7421 based on full Sncome. H4herthan usual becau8e 161$ n(N4 rented out at 8 KIti&l rats. 7 INVESTMENT INCOME Netttlstmbufjon COIF pennamnt end{rent fvnd. 7319 73.19 71.2S 71.25 8 MANAGEMENT EXPENSES Estate costs Vacant pr¢)p•tty •xponws Inwrance Ga$ servic8 contracts G8rdenlng and tree work 17.63 1.4C6.45 690.00 1.627.48 3,741.56 954.94 1,798.75 804.0) 34,107.69 M8nagefftrt ents eonyniss )unlancy Independent examiners fee Bank charge• Subscriptp)n5 4,473.60 3(K) C#) 3,902.55 27S.00 5,418.60 307.15 4,677.70 Olh8rtwernUtrw 81$ rv Lren Tolal Management Costs 38.785. Restrlcted RtrIcted D081gnatsd Property Endovnnent yell1 Rere Invgjlments Malntenance De#lgnated Unre8trl¢t•d Extraordlnary Genernl Total Repalr Reserve Resems 4,183.32 102.37 Mov•mont In Funds Brought foNard Additions Wthdrawa18 Transfers Carried fwafd 54.153.44 8,343.18 389.47 1389.471 9,240.11 76,546,05 73.19 173.191 32,868.80 9,54S.C 32,563.91 109.517.22 32,4(E.14 3,510.00 7.775.89 54,153.44 14,378.18