## **Trustees’ Annual Report for the period** **From Period start date 1 April 2023 To Period end date 31 March 2024** **Charity name: Robuck Memorial Homes Trust Charity Registration number:1042683** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the
purposes of the charity
as set out in its
governing document|Para 1.17|The purpose of the Almshouse is
to provide affordable
accommodation for retired local
residents who are most in need of
the type of accommodation the
Trustprovides| |Summary of the main
activities in relation to
those purposes for the
public benefit, in
particular, the activities,
projects or services
identified in the
accounts.|Para 1.17 and
1.19|The Trust provides, manages, and
maintains 8 cottages and
associated gardens.
This includes both day to day
management and maintenance
and a programme of
improvements to the listed
buildings andgardens| |Statement confirming
whether the trustees
have had regard to the
guidance issued by the
Charity Commission on
public benefit|Para 1.18|Trustees have read and
understood the guidance on
public benefit. Our Trust does not
provide universal benefits but
rather benefits to 8 local
households who require the type
of accommodation weprovide| ## Additional information (optional) You may choose to include further statements where relevant about: ||SORP reference|| |---|---|---| |Policy on grant making|Para 1.38|Not relevant we do not make grants| |Policy on social
investment including
program related
investment|Para 1.38|Not relevant| |Contribution made by
volunteers|Para 1.38|Not relevant volunteers are not
involved in the Trust (except for
the 4 volunteers who are Trustees)| |Other||None| ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the
charity, identifying the
difference the charity’s
work has made to the
circumstances of its
beneficiaries and any
wider benefits to society
as a whole.|Para 1.20|The Trust over the past few years
has ensured the financial stability
of the Trust and improved value for
money by negotiating and
renegotiating contracts.
Residents have benefitted from a
range of improvement works both
within their homes and
improvements to the extensive
gardens| ## **Additional information (optional)** You may choose to include further statements where relevant about: |Achievements against
objectives set|Para 1.41|No further statements – see
Trustees report in the annual
report and financial statements| |---|---|---| |Performance of
fundraising activities
against objectives set|Para 1.41|No fundraising activities| |Investment performance
against objectives|Para 1.41|See trustees report and financial
statements| |Other||| ## **Financial Review** |Review of the charity’s
financial position at the
end of the period|Para 1.21|The charity is financially sound and
able, from weekly maintenance
charge income, to carry out day to
day management and maintenance
of the properties.
Current finances do not allow for
significant improvement works to
the listed gardens, but a strategy is
being developed to address this| |---|---|---| |Statement explaining
the policy for holding
reserves stating why
they are held|Para 1.22|We hold reserves and add to them
each year in order to have funds
available for major repair works.
In particular we expect that in the
next 10 years we will need to do a
full or partial roof
replacement| |---|---|---| |Amount of reserves held|Para 1.22|**£85,485.73**| |Reasons for holding zero
reserves|Para 1.22|Not applicable| |Details of fund materially
in deficit|Para 1.24|None| |Explanation of any
uncertainties about the
charity continuing as a
goingconcern|Para 1.23|No concerns| ## **Additional information (optional)** You may choose to include further statements where relevant about: The charity’s principal sources of funds Para 1.47 (including any fundraising) Investment policy and objectives including any Para 1.46 social investment policy adopted A description of the Para 1.46 principal risks facing the charity Other ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing
document
(trust deed, royal
charter)|Para 1.25|Trust deed| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|Unincorporated charity| |Trustee selection
methods including
details of any
constitutional provisions
e.g. election to post or
name of any person or
body entitled to appoint
one or more trustees|Para 1.25|2 Management Trustees are
appointed by Kirklees Council.
The remaining trustees (currently
2) are appointed from within the
local community and from
professionals who bring additional
skills and expertise to
the Trust| |---|---|---| |**Additional information (optional)**
Youmay choose toincludefurtherstatements whererelevant about:|**Additional information (optional)**
Youmay choose toincludefurtherstatements whererelevant about:|**Additional information (optional)**
Youmay choose toincludefurtherstatements whererelevant about:| |---|---|---| |Policies and procedures
adopted for the
induction and training of
trustees|Para 1.51|All Trustees receive induction
using the Almshouse Association
recommendations| |The charity’s
organisational structure
and any wider network
with which the charity
works|Para 1.51|| |Relationship with any
related parties|Para 1.51|| |Other||| ## **Reference and Administrative details** |Charityname|Roebuck Memorial Homes Trust| |---|---| |Other name the charity
uses|Roebuck Homes and Gardens Trust| |Registered charity
number|1042683| Charity’s principal Kirklees Council address Civic Centre 3 Huddersfield HD1 2TG ## **Names of the charity trustees who manage the charity** |1
2
3
4|**Trustee name**|**Office (if any)**|**Dates acted if not for**
**whole year**|**Name of person (or body)**
**entitled to appoint trustee**
**(if any)**| |---|---|---|---|---| ||Raymond Ram|Chair and
Management
Trustee|N/A|Kirklees Council| ||TylerHawkins|Management
Trustee||Kirklees Council| ||JanisDean|Treasurer,
Secretary and
Trustee||Trustees| ||Jonathan Taylor|Trustee||Trustees| Corporate trustees – names of the directors at the date the report was approved > **Director name** None ## Name of trustees holding title to property belonging to the charity |**Trustee name**|**Dates acted if not for**
**wholeyear**|| |---|---|---| ||**None**|| |||| |||| |||| |||| |||| |**Funds held as custodian trustees on behalf of others**||| |Description of the assets
held in this capacity|None|| |Name and objects of the
charity on whose behalf
the assets are held and
how this falls within the
custodian charity’s
objects||| |Details of arrangements
for safe custody and
segregation of such
assets from the charity’s
own assets||| **Additional information (optional)** **Names and addresses of advisers (Optional information)** ## **Type of Name Address adviser** **Name of chief executive or names of senior staff members (Optional information)** ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Other optional information** ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s)** Janis Dean **Full name(s) Position (eg Secretary, Chair, etc) Date** Chai'ity Registration Number: 1042683 Almshouse Association Member Number.. 1883 Roebuck Memorial Homes Trust Annual Report and Financial Siateii)ents for Ihe Year Ended 31 Mar¢h 2024 Roebuck Memorial Homes Trust Contents (conlinued) Refei'ence and Administrative Dciails Trustees, Report 2103 Independeni F.xumine¢s R¢r4)rt Stsiemcnl of l-.inancial Aetivitics Balance Sheet Notes lo Ilie financial Siateinents 7t014 Roebuck Memorial Homes Trust Reference and Administralive Details Charity Registr#tlon Number 1042683 Almshouse A$so¢lA¢lon Member Niimber 1883 Truslees Raymond Ram Jonis Dean Jonathan Taylor Tylcr Hawkins PrineipAI oifiee Kirklces Council Civic C¢nlr¢ 3 Huddersfield HDI 2TG Solici¢or$ Ramsdens Solicitors LLP Oakley House l Hungerlord Road Huddcryfield HD3 3AL Bmokers Lloyds Bank 16 Market Place Oldham OLI IJG Independent Examiiitr Watson Buckle Limited Indepei)dent F.xaminer York House Collingle}, Business Pw'k Bradford BD16 IPE Page Roebuck Memorial Hoines Trust Trustees, Report Thc tru51c¢s present ihe annual rcport together iyith ihe financial 51alemenls of the charily for thc year ended 31 Mai'ch 2024. Objee¢ive$, a¢tivities and perfommnee Roebuck Memorial Homes Trust, is a not for profit registered charity adminisler¢d by ll voluntary groiip oftrust¢e8. The pvinciple activities are to provide 8ccomTnodalion for thibse who qualify under ihe trv%l deed, with pi'iority beillg givcn to Ioclhl re8idcnt%. When making deci5ion8 about the applicants the truslee.q have tried io ensure that they provide aLu)mmudation tt) tho¥c most io neeii of the typc of aLLI)mmodation the trust offers. We are pleascd to say tl)at ive have a full ¢omplemenl of trustee5 which remaiii as was the case last year. There werc no void properties, unexpccled or emergency large items ofexp¢ndilure during the 2023-24 financial year. This meant that oiir financ¢s were healthy enough to undert8ke impN)vement works to exten)al areas. gardens and within I'esident's homes. At Ihe Annual Gcncral fvte¢ling last year rvJid¢nls identified improvements thcy ivould like to see. As a result, Is'c sel up a r¢sident led improvcmcht fund. During 2023-24 we ¢ompleted the priorities identified ￿,hICh were mainly around eledrical impiDvement ivorks. The priority for 2024-25 ha8 been identified b>. I'esid¢nl.8 &% repair and repainting of front which li'e hope lo cai'ry out during 2024. We have also started phase l ol. improvements lo the iyider s¢hem¢ and gardeiis. For example. 1ornia¢king works to the di'iveivay and sotn¢ r¢poii)ting of the palio t¢ffa¢¢. During the year w¢ ivere pleased whcrt Kirkl¢¢s Council set up a dcdicated l¢am lead by Mr Moonaf Dabharia to ivork on non- Housing Revenu¢ Account properties such os Almshous¢s. This has led io improvements in communicalion and service fn)m the council who cany out housing managcrnent and rent services for the Trustees under conÈrn¢t. Publie bell¢fit The trustees pay due reE#rd to the Cliarity Comini8sion guidanee on Public Benefit and believe that the provision of social liousing ivithin the local communit)r conforms with this guidan¢e. Structure? governance and mAnAgeMent Tru8l¢es are appointed from %viihin the local comrnunity and fmm professionals who bring odditional skills and experlise lo the trust. All new Irvsl¢¢s are provided with Charity Commission publication CC3 'Th¢ Essenlial Trustee. whal you need to know, and CCIO Tlie Hallniarks of an Effe¢live Charity,. TTUStce5 are also giveii an introductioi) by cxisliiig trustees to the specific ml¢s relating to social liousing along with an overvieiy of Ili¢ ¢lia]'ily's operalions. The trustees remain commilled to their aim of providing a high staiidard of accommodation at an affordable iveekly contribution in order lo competc iyith oiher social housing pi'oviders. Detai15 of the properttes Therc are 8 two bedyoom cottages built in 1932. Thc Trusi own% the properties with Kirklees Council acting as the Custodian Iruslee. Page 2 Roebuck Memorial Homes Trusl Trustees, Report (CODtinued) The annual rcport ivas approved by the Irustees of the charity on 9 Septemb¢r 2024 and signed on ils behall'by: Raymond Ram Trustee Page 3 Roebuck Memorial Homes Trust Independent Examiner's Report lo the trustees of Roebuek Memorial Homes Trust I report ￿ Ihe tt'usÉec8 on m), cxamination of th¢ accoun15 of Roebiick M¢moi'ial Hom&s Tmst for ihL yiar ended 31 March 2024. ReSpo￿5]bIlItIeS bAsis of report As the charity trustccs of RoebucL Mcmorial Hoines Trust you are rcsponsible for the preparalion of the accouiils in ccordw)ce wilh the requirements of the Charities Act 2011 ('the Acl,). I re￿rt in respecL of my examinalion of the Roehuck Memorial Homes Tru£t's accounL8 carried out under Seetion 145 of the 201 l Act and in cariying out my ex8minalion I have folloived all ihe appliLable Direction8 given by the Charity Commissi(In undei. seL'lii)n 145(5)(b) of the Act. Independen¢ ex#mlner's s¢%¢ement I hdve ¢ompl¢ted my examinalion. l ¢onFirni that n(Tr m4lerial m#Uers havc (Kyme lo my att¢ntion in conn¢¥tion wilh th¢ examinatioii giving Ine cause lo beli¢ve that in any Inaterial respe¢t: l. a¢countiiig records were not kept in reS￿¢t of Roebuck Memorial Homes Trust as required by section 130 of Éhe Act., or 2. the accounts do not accord wilh those records. or 3. the accounls do not ¢ompl> ivith Ihe accouniing requircments concerning the form and conlent of accounls $¢1 out in the Chariti¢s {Accounls and R¢ports) Regulations 2008 other than ony requirffiient that thc accounts giv¢ a 'true and fair Vie￿ which is not a matter considercd as part of an independent cxamination. I have no con¢xms 2nd have u)nie 3¢r(1ss no othvr matter.s in ionneL'tic)n ivith the examination whiih attention should be draivn in ihis report in order lo enable a propel. underslai)ding olihe dccounts to be reached. Mark Wilcoc Indcp¢ndent Examinei. Watson Buckle Limited Brttdfoi'd 9 Septeniber 2024 Pag¢ 4 Roebuck Memorial Homes Trust Statement of Finaneial Activities for the Year Ellded 31 Mareh 2024 (Ineludiiig Income and E%penditure Account) Unrestrieted fuiids Total 2024 Total 2023 Gentr*l Revaluwtio reserve Note Ineome #nd endowments fro Chariiable uctivities InvestmenL8 41.714 2.653 41,714 2,653 37,690 2,402 Tot))l Income and eDdoJvments 44,367 44.367 40.092 Expendt¢¥re Charitable activit1&8 (47.549) (47,549) (34,310) To¢*1 expethdituye {47,549} (47.549} (34,3 10) Net (expendilureyin¢ome Gainsllosses on investment asscts {3,182) (3,182) 5,494 5,782 12.744) 5,494 Net movement ii) funds (3,182) 5,494 2,312 3,038 ReconelllA*lon of fulld$ Total funds biought forwdrd 1,264.128 396.370 1,660,498 1.657,460 Total funds cllrried fonv8rd 1,260,946 401,864 1,662,810 .660,498 'I"he notes on pages 7 to 14 fom an intcgral part ot-the5c financial slalements. Page 5 Roebuck Memorial Homes Trust (Registration number: 1042683) Balance Sheet as at 31 Mareh 2024 2024 2023 Note Flxed Rssets Tai)gible &ssel8 Inveslments 1.567,502 85,486 ,581.904 75,492 1,657,396 io 1,652,988 Cuyrent gssets Debtors Cash ot btsnk and in hond 1.436 39,839 1,251 34,428 41,275 35.679 Cr¢ditor5: AmouDts due withln one year 12 (2.429 (2,289 Nel current assets 38,846 33,390 TotAI #55¢1s Itss Current li#bilities 1.691,834 1,690,786 Creditors: Amounts fHlllkig diit Aft¢r moTe thon one ye8r 13 29,024 30,288 Net assefs .662,810 1,660,498 Funds of the ¢harity: Unreslrlettd income fulld$ Unrestricted Revaluation res¢rve 1,260,946 401,864 1,264,128 396,370 ToEal unrestricted .662,810 1.660,498 Total funds 14 1,662.810 1.660,498 The financial slatemenls on pages 5 to 14 were approvcd by the truslees, and auihoriscd for issue on 9 September 2024 and signed on their behalf by: Raymond Ram Truslee 'I'he notes on pages 7 to 14 form an int¢grdl part of iliese financial slatcm¢nls. Pagc 6 Roebuck Memorial Homes Trust Notes to tlie Financial Slatements for the Year Ended 31 Mareh 2024 I Ceneral InlormAtion The cntity is an unincorporated registered charily gov¢rned by thcir Constitution, reEisler¢d in England and Walcs. Rcgister¢d charity number.. 1042683 Almshoiise Assoei8tion member number.. 1881 Their regis￿1.(￿ address ]%- Kirkl¢es Couiicil Livic Ccntr¢ 3 Iluddersfield HDI 2TG 2 A¢¢ounting polleies Summary of sfignificaDt aetoulltiDg policies aDd key a¢eountin¥ wtlmaÉe5 The prin¢ipal accounting policics applied in thc preparation of these financial statements are s¢¢ out below. Tliese policies havc been consislenily applied to all th¢ years pr¢s¢nted: unlcss othenvise stated. Statement of complionce The financial statements htlve been prepared in accordance with Acu)unting and Reporting by Charities: Stalement of Recommended Practice {SORP) applicable to charities prepJring their accounts in accordance with the Fingneial RepDI'ting Standard applicahle in the UK and Republic of ]￿land (FRS 102) {Charities SORP (FRS 102)) and the Charities Acl 2011. BA8iS of prepAration These financial stat¢ments have bcci) prepared u5iiig the histori¢al cost conveniion except that as disclosed in ihe accounting policies cei*ain items are shoMm at fair value. The charity constitutcs a public benefii entity as defined by FRSIO2. The churity's fimctionul and presentation currency is poiind sterling. Going co￿¢t￿ll The financial stslements hav¢ b¢en preparcd on a going concern basis. Income and endowments liiveslimenl Ineonie Incomc is ¢arned from holding fixed assets for ir]vcslm¢nt purposes and is recognised when reccivable and the amounl can be Incasured reliably by the ¢harily. Inlerest on funds held on deposit is included ivhen rcceiiiable and ihe amount can be measured reliably by the charity. Clirtrllnble aefflvllles Rent from land and buildings is recogni5cd on on accruals basi5. Pa8e 7 Roebuck Memorial Homes Trust Notes lo the Fillancial Statemeiils for the Year Ended 31 Mareb 2024 (continued) Expenditure Expenditure i% recogniged once Ihere 15 a legal or con5tru¢tive obligation to that expendilure, il is probable seltleinent is requircd and the amount can be measured reliably. Cliarliuble aeilvliles Charitable expendituw comprises thosc eosts InCu￿¢d by the cliarity in tlie delivery of its activiti¢% 2nd scrvices for it5 bencficiaries. It includcs boih costs that can b¢ allocated directly to sueh activiti¢s and those costs of Jn indired nalurc necessary Éo support them. GovernAnc¢ ¢osts GovcFnance cosls include the examination of the statutory accoutkls. Tax8tio Tlie cliariiy is considered lo pass Élle tests set out in Pai?gr)ph I Schedule 6 of the Finance Act 2010 and therefore il meets the defii)ilion of a cl)arithble entity for UK corpontion Énx purposes. Aceordingly> the cl)arity is polenlially excmpi from tayation in respeci of income or c&pital gains received il'ithin categorie% covered by Chapter 3 Part I l of tlie Corporation Tax Act 2010 or Sectioi) 256 ()f the Taxation of Chargeable CyaiThs Act 1992, to ihe extent that Such income or gilills are applied exclusively to Lharitable puiposes. TaNglbR¢ fixed assets Tangible fixed assets arc stated ai hislorical cost or valuation. Depreciatlon And amortis#tlon Depreciation is provided on tangibl£ fixed asscts. so as to write off the ¢osl or valuation, less any estimated residual valve, over their expected useful economic life as lolloivs: Asset eliss reehold buildings Land D¢preeiatiott metbod and rate 20/ty on cost Not depreciated Signifitant judgements estimates Preparntion of the financial statcments requires managcment to make significant judgements and cstimates. Thc ilems in the financial statements where these judgments 8nd estimates have been made iTJclude: Depreciolion Management revieivs ils ¢stimate of the useful liv¢s of depi'cciable assets at Cach reporting date based on the expected utilityi of the assets- hoivever, by theii. nature. component life cannot bc detennincd with absolute ¢ertainty. Flxed th￿¢¢ investments Fixed asset inv¥slmenls: viher thun programtne r¢laled inv¢stmenls, Jre inLlud¢d al t￿￿ke1 value at the balunLY sheet dgle. R￿lIsed gail)$ and loss¢s on investsnents ar¢ calculated as the dilT¢rence betiveen sales pivceeds and Iheii. maTk¢t value at Ihe start of the year, or tlieir sLibsequ¢nl Lost, and are charged or credited to Ili¢ Statement of Financial Activities in the period of disposal. Unrealiscd gains and ltssses rcpresent the movement in markct values during the ycJr and arc credited or charged to ihe Statement of FitJanLial Activilies based on tlic market value at the year end. Financial iRstrutti¢nts The Lharit)i only hJs financial assels und financial liabilities of a kind that qualify as basic financial instruments. Basi¢ financial instruments are initiall}r recogDised at lyansaction valu¢ and subsequently measured at th¢ir settlemcnt value. Page 8 Roebuck Memorial Homes Trust Notes to Ihe Financial Statements for the Year Ended 31 March 2024 (continued) Debtors Debtors are recognised initially when th¢5, bceome du¢ al thc trdnsaclion pri¢¢. They are subs¢quently measured al amortised cost Using (he effective interest rate method, less provision for impairment. A provision for impairnient of debtors is established ivhen Il)ei'e is objective evidence thai ihe charity will not be able to collect all amounts due according to the origtnal tem)s of the debtors. Creditors Creditors are obligytions to puy for goods and servi¢es thdt have b¢en acquired by Ilie charity. Credilors are initiully rccognised ai the ti'ansaclion pric¢ and subsequenily measured dl 8moi1ised cosl using (he ¢fleclive interest method. Cash Alld ¢¥sh equlvalenls Cash and cash equivalents comprise Cash on hand und call deposits, and other short-term highly liquid investments that are readily ¢onvertible to & known amount of cJsh and are subjed to an insignificant risk of change in value. 3 Income froni Ch¥Yl¢able Aetbvltles UiirestritÉ¢d fuDds Tot•1 2024 Total 2013 Gelleral Rcnts 41.714 41.714 37,690 4 lllcome from iDvestments Uiirestrleted funds Total 2024 Tot41 2023 Gekieral Other income from fixcd asset inve5tn)ents 2.653 2,653 2,402 Page 9 Roebuck Memorial Ho￿eS Trust Notes to the Finaneial Staten)ents for lhe Year Ended 31 March 2024 (continued) 5 Expendilure on CharltAble A¢tlvities Unrestrieted fuDd5 Total 2024 Total 2023 Gener¥1 Repairs and renewal$ Insurance CJ8rdening costs Light, heat and power Consuliankny & manugemcnl lees Subscriplions Management charg¢s Deprccialion of fr¢ehold property Loan interest Indcp¢ndent Examinels remuneration Cortiputei. sofh¥are and maintcn8nce costs 19.333 1,679 6.079 443 158 395 2.438 14,402 1,242 1,080 300 19,333 .679 6.079 443 158 395 2,438 14,402 1,242 1.080 300 5.812 1,727 5.364 392 192 221 3.891 I4,402 1.289 1,020 47,549 47.549 34,310 6 Analysis of support costs Governance costs Unrestricted Tot*1 2024 Total 2023 General Indepcndent examiners fees 1,080 I,D¥O 1,02U 7 Trustees remuner*ttDll #Dd expenses No Irusltcs. nor any persons conn¢¢led ivith them, hav¢ received any ttmuneralion Irom the charily during th¢ year. The amouiil expenses waived by the truslees during the year ￿ts11ed £Wil (2023 - £Nil}. 8 Key mXDRgement personnel The chority canSide￿ ILS key Thanagement pe￿onnel compri.se the trustee8. The total key managemenl per50nThel remunerdtion beneliis. Ivere £Nil12022- £Nil). Pagc 10 Roebuck Memorial Homes Trust Notes to the Financial Statements for the Year Elided 31 March 2024 (continued) 9 TAngible fixed Assets Lxnd buildiiigs Total Co$1 At l April 2023 1,680,115 1,680,115 At 3 1 March 2024 1.680,115 1.680,115 Depreclxtlon At l April 2023 ChaiEe for the y¥ur 98,211 14,402 98,211 14,402 At 31 March 2024 112.613 112.613 Net book vAlue At 31 Morch 2024 1.567,502 ,567,502 At 31 March 2023 ,581,904 ,581.904 Included iviihin land and buildings at ihe year end is £960,OOU (2023 £960.00) relating to land whicli 18 not depreciated because it is considered to have an infinite useful life. Revaluation The Charity's land and buildings are recognised at depreciated replacement cost and ivas revalued on 20 April 2016 by Jowett Chartered Suiyeyors & Estate Agents, an independent valuer. Had thi.8 class of a*8el been me&8ured on a hi8toric&l cost basi4 their carrying amount iyould have been £1.240,864 {2023 - £1,248,042). Page 11 Roebuck Memorial Homes Trust Notes to the Finaneial Statements for the Year Ended 31 March 2024 (continued) 10 Flxed ￿8$¢t Investments 2024 2023 oil)er investments 85.486 75,492 other investments Ll$ted inves¢m¢nts Tothl Cost or Valuahlion At l April 2023 Additions Revaliialion 75,492 4,500 5,494 75,492 4,500 5,494 At 31 Murch 2024 85,486 85.486 Net book value At 31 March 2024 85,486 85,486 Al 31 March 2023 75.492 75,492 Th¢ laii. value ol. lisl¢d investments is delemiined by reference to the quoled price tor identical a55ets in an active market at the balance sheet date. The histori￿￿1 cosl of the investments is £60,396 (2023 - £55,896). I l Debtors 2024 1023 Tradc debtors Pi'cpayments 91 1.345 20 1,231 ,436 1,251 12 CreditOTS: fAlling due withiu one year 2024 2023 other loans Accruals and deferred income ,263 1,166 1,213 1,076 2,429 2,289 Page 12 Roebuck Memorial Homes Trust Notes to the Financial Statements for the Year Ellded 31 March 2024 (continued) 13 Crertltors: amoullts folling diie After one yc#r 2024 2023 oiher loan l (1-2ytB) Other loan l {2-5yrs) Otlier loaii l {over 5yrn) 1,314 4,272 23,438 1,263 4,105 24,920 29.024 30.288 14 Funds O¢li¢r recogDi3ed %Alnsl(losses) BalRnce at I April 2023 Ineoming resovrees Resourees expended Bal¥llce At 31 MRrch 2024 Unrestrleted GetTreral ,264,128 44,367 (47.549) ,260.946 Unr£sirleled oiherfiinds Revaluation reserve 396.370 5.494 401,864 Total fuods 1,660,498 44,367 (47,549) 5,494 1,662,810 Other reeognlsed g￿lUSI{10s5t$) BAIAnee at I Api-il 2022 li)comlng resouree5 Resourees expended Mareh 2023 Unre51ri¢ted Gene121 1.258.346 40,092 (34.310) 1,264,128 Unrestricled oiherfunds Revaluation rescnre 399,114 (2.744) 396,370 TDlxl fvDds I,657,460 40.092 {34,310) {2.744 1,660,498 Page 13 Roebuek Memorial Homes Trust Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) IS Analysls of net a35els between funds Unrestrlcted funds General fund$ Revalugtion reserve Totxl funds Tangible fix¢d assels Ftxed asset investments CuFrcnt assets Current liabilities Creditors over l y¢ar 1,190.728 60,396 41,275 (2.429) (29,024> 1,260.946 376,774 25,090 1,567,502 85,486 41,275 (2,429) (29,024) 1,662,810 Total nel assets 401,864 16 Related pArty tran$Actions During the year the charity madc the folloiving related party transactions: Raymond Ram (Trustee) Mi. Raymond Ram was reimbursed expenscs during the year of £158 (2023 - £192). Al thc balance sheet date ihe amount diie tolfrom Raymond Ram was £Nil {2023- £Nil). Page 14 Chai'ity Registration Number: 1042683 Almshouse Association Member Number.. 1883 Roebuck Memorial Homes Trust Annual Report and Financial Siateii)ents for Ihe Year Ended 31 Mar¢h 2024 Roebuck Memorial Homes Trust Contents (conlinued) Refei'ence and Administrative Dciails Trustees, Report 2103 Independeni F.xumine¢s R¢r4)rt Stsiemcnl of l-.inancial Aetivitics Balance Sheet Notes lo Ilie financial Siateinents 7t014 Roebuck Memorial Homes Trust Reference and Administralive Details Charity Registr#tlon Number 1042683 Almshouse A$so¢lA¢lon Member Niimber 1883 Truslees Raymond Ram Jonis Dean Jonathan Taylor Tylcr Hawkins PrineipAI oifiee Kirklces Council Civic C¢nlr¢ 3 Huddersfield HDI 2TG Solici¢or$ Ramsdens Solicitors LLP Oakley House l Hungerlord Road Huddcryfield HD3 3AL Bmokers Lloyds Bank 16 Market Place Oldham OLI IJG Independent Examiiitr Watson Buckle Limited Indepei)dent F.xaminer York House Collingle}, Business Pw'k Bradford BD16 IPE Page Roebuck Memorial Hoines Trust Trustees, Report Thc tru51c¢s present ihe annual rcport together iyith ihe financial 51alemenls of the charily for thc year ended 31 Mai'ch 2024. Objee¢ive$, a¢tivities and perfommnee Roebuck Memorial Homes Trust, is a not for profit registered charity adminisler¢d by ll voluntary groiip oftrust¢e8. The pvinciple activities are to provide 8ccomTnodalion for thibse who qualify under ihe trv%l deed, with pi'iority beillg givcn to Ioclhl re8idcnt%. When making deci5ion8 about the applicants the truslee.q have tried io ensure that they provide aLu)mmudation tt) tho¥c most io neeii of the typc of aLLI)mmodation the trust offers. We are pleascd to say tl)at ive have a full ¢omplemenl of trustee5 which remaiii as was the case last year. There werc no void properties, unexpccled or emergency large items ofexp¢ndilure during the 2023-24 financial year. This meant that oiir financ¢s were healthy enough to undert8ke impN)vement works to exten)al areas. gardens and within I'esident's homes. At Ihe Annual Gcncral fvte¢ling last year rvJid¢nls identified improvements thcy ivould like to see. As a result, Is'c sel up a r¢sident led improvcmcht fund. During 2023-24 we ¢ompleted the priorities identified ￿,hICh were mainly around eledrical impiDvement ivorks. The priority for 2024-25 ha8 been identified b>. I'esid¢nl.8 &% repair and repainting of front which li'e hope lo cai'ry out during 2024. We have also started phase l ol. improvements lo the iyider s¢hem¢ and gardeiis. For example. 1ornia¢king works to the di'iveivay and sotn¢ r¢poii)ting of the palio t¢ffa¢¢. During the year w¢ ivere pleased whcrt Kirkl¢¢s Council set up a dcdicated l¢am lead by Mr Moonaf Dabharia to ivork on non- Housing Revenu¢ Account properties such os Almshous¢s. This has led io improvements in communicalion and service fn)m the council who cany out housing managcrnent and rent services for the Trustees under conÈrn¢t. Publie bell¢fit The trustees pay due reE#rd to the Cliarity Comini8sion guidanee on Public Benefit and believe that the provision of social liousing ivithin the local communit)r conforms with this guidan¢e. Structure? governance and mAnAgeMent Tru8l¢es are appointed from %viihin the local comrnunity and fmm professionals who bring odditional skills and experlise lo the trust. All new Irvsl¢¢s are provided with Charity Commission publication CC3 'Th¢ Essenlial Trustee. whal you need to know, and CCIO Tlie Hallniarks of an Effe¢live Charity,. TTUStce5 are also giveii an introductioi) by cxisliiig trustees to the specific ml¢s relating to social liousing along with an overvieiy of Ili¢ ¢lia]'ily's operalions. The trustees remain commilled to their aim of providing a high staiidard of accommodation at an affordable iveekly contribution in order lo competc iyith oiher social housing pi'oviders. Detai15 of the properttes Therc are 8 two bedyoom cottages built in 1932. Thc Trusi own% the properties with Kirklees Council acting as the Custodian Iruslee. Page 2 Roebuck Memorial Homes Trusl Trustees, Report (CODtinued) The annual rcport ivas approved by the Irustees of the charity on 9 Septemb¢r 2024 and signed on ils behall'by: Raymond Ram Trustee Page 3 Roebuck Memorial Homes Trust Independent Examiner's Report lo the trustees of Roebuek Memorial Homes Trust I report ￿ Ihe tt'usÉec8 on m), cxamination of th¢ accoun15 of Roebiick M¢moi'ial Hom&s Tmst for ihL yiar ended 31 March 2024. ReSpo￿5]bIlItIeS bAsis of report As the charity trustccs of RoebucL Mcmorial Hoines Trust you are rcsponsible for the preparalion of the accouiils in ccordw)ce wilh the requirements of the Charities Act 2011 ('the Acl,). I re￿rt in respecL of my examinalion of the Roehuck Memorial Homes Tru£t's accounL8 carried out under Seetion 145 of the 201 l Act and in cariying out my ex8minalion I have folloived all ihe appliLable Direction8 given by the Charity Commissi(In undei. seL'lii)n 145(5)(b) of the Act. Independen¢ ex#mlner's s¢%¢ement I hdve ¢ompl¢ted my examinalion. l ¢onFirni that n(Tr m4lerial m#Uers havc (Kyme lo my att¢ntion in conn¢¥tion wilh th¢ examinatioii giving Ine cause lo beli¢ve that in any Inaterial respe¢t: l. a¢countiiig records were not kept in reS￿¢t of Roebuck Memorial Homes Trust as required by section 130 of Éhe Act., or 2. the accounts do not accord wilh those records. or 3. the accounls do not ¢ompl> ivith Ihe accouniing requircments concerning the form and conlent of accounls $¢1 out in the Chariti¢s {Accounls and R¢ports) Regulations 2008 other than ony requirffiient that thc accounts giv¢ a 'true and fair Vie￿ which is not a matter considercd as part of an independent cxamination. I have no con¢xms 2nd have u)nie 3¢r(1ss no othvr matter.s in ionneL'tic)n ivith the examination whiih attention should be draivn in ihis report in order lo enable a propel. underslai)ding olihe dccounts to be reached. Mark Wilcoc Indcp¢ndent Examinei. Watson Buckle Limited Brttdfoi'd 9 Septeniber 2024 Pag¢ 4 Roebuck Memorial Homes Trust Statement of Finaneial Activities for the Year Ellded 31 Mareh 2024 (Ineludiiig Income and E%penditure Account) Unrestrieted fuiids Total 2024 Total 2023 Gentr*l Revaluwtio reserve Note Ineome #nd endowments fro Chariiable uctivities InvestmenL8 41.714 2.653 41,714 2,653 37,690 2,402 Tot))l Income and eDdoJvments 44,367 44.367 40.092 Expendt¢¥re Charitable activit1&8 (47.549) (47,549) (34,310) To¢*1 expethdituye {47,549} (47.549} (34,3 10) Net (expendilureyin¢ome Gainsllosses on investment asscts {3,182) (3,182) 5,494 5,782 12.744) 5,494 Net movement ii) funds (3,182) 5,494 2,312 3,038 ReconelllA*lon of fulld$ Total funds biought forwdrd 1,264.128 396.370 1,660,498 1.657,460 Total funds cllrried fonv8rd 1,260,946 401,864 1,662,810 .660,498 'I"he notes on pages 7 to 14 fom an intcgral part ot-the5c financial slalements. Page 5 Roebuck Memorial Homes Trust (Registration number: 1042683) Balance Sheet as at 31 Mareh 2024 2024 2023 Note Flxed Rssets Tai)gible &ssel8 Inveslments 1.567,502 85,486 ,581.904 75,492 1,657,396 io 1,652,988 Cuyrent gssets Debtors Cash ot btsnk and in hond 1.436 39,839 1,251 34,428 41,275 35.679 Cr¢ditor5: AmouDts due withln one year 12 (2.429 (2,289 Nel current assets 38,846 33,390 TotAI #55¢1s Itss Current li#bilities 1.691,834 1,690,786 Creditors: Amounts fHlllkig diit Aft¢r moTe thon one ye8r 13 29,024 30,288 Net assefs .662,810 1,660,498 Funds of the ¢harity: Unreslrlettd income fulld$ Unrestricted Revaluation res¢rve 1,260,946 401,864 1,264,128 396,370 ToEal unrestricted .662,810 1.660,498 Total funds 14 1,662.810 1.660,498 The financial slatemenls on pages 5 to 14 were approvcd by the truslees, and auihoriscd for issue on 9 September 2024 and signed on their behalf by: Raymond Ram Truslee 'I'he notes on pages 7 to 14 form an int¢grdl part of iliese financial slatcm¢nls. Pagc 6 Roebuck Memorial Homes Trust Notes to tlie Financial Slatements for the Year Ended 31 Mareh 2024 I Ceneral InlormAtion The cntity is an unincorporated registered charily gov¢rned by thcir Constitution, reEisler¢d in England and Walcs. Rcgister¢d charity number.. 1042683 Almshoiise Assoei8tion member number.. 1881 Their regis￿1.(￿ address ]%- Kirkl¢es Couiicil Livic Ccntr¢ 3 Iluddersfield HDI 2TG 2 A¢¢ounting polleies Summary of sfignificaDt aetoulltiDg policies aDd key a¢eountin¥ wtlmaÉe5 The prin¢ipal accounting policics applied in thc preparation of these financial statements are s¢¢ out below. Tliese policies havc been consislenily applied to all th¢ years pr¢s¢nted: unlcss othenvise stated. Statement of complionce The financial statements htlve been prepared in accordance with Acu)unting and Reporting by Charities: Stalement of Recommended Practice {SORP) applicable to charities prepJring their accounts in accordance with the Fingneial RepDI'ting Standard applicahle in the UK and Republic of ]￿land (FRS 102) {Charities SORP (FRS 102)) and the Charities Acl 2011. BA8iS of prepAration These financial stat¢ments have bcci) prepared u5iiig the histori¢al cost conveniion except that as disclosed in ihe accounting policies cei*ain items are shoMm at fair value. The charity constitutcs a public benefii entity as defined by FRSIO2. The churity's fimctionul and presentation currency is poiind sterling. Going co￿¢t￿ll The financial stslements hav¢ b¢en preparcd on a going concern basis. Income and endowments liiveslimenl Ineonie Incomc is ¢arned from holding fixed assets for ir]vcslm¢nt purposes and is recognised when reccivable and the amounl can be Incasured reliably by the ¢harily. Inlerest on funds held on deposit is included ivhen rcceiiiable and ihe amount can be measured reliably by the charity. Clirtrllnble aefflvllles Rent from land and buildings is recogni5cd on on accruals basi5. Pa8e 7 Roebuck Memorial Homes Trust Notes lo the Fillancial Statemeiils for the Year Ended 31 Mareb 2024 (continued) Expenditure Expenditure i% recogniged once Ihere 15 a legal or con5tru¢tive obligation to that expendilure, il is probable seltleinent is requircd and the amount can be measured reliably. Cliarliuble aeilvliles Charitable expendituw comprises thosc eosts InCu￿¢d by the cliarity in tlie delivery of its activiti¢% 2nd scrvices for it5 bencficiaries. It includcs boih costs that can b¢ allocated directly to sueh activiti¢s and those costs of Jn indired nalurc necessary Éo support them. GovernAnc¢ ¢osts GovcFnance cosls include the examination of the statutory accoutkls. Tax8tio Tlie cliariiy is considered lo pass Élle tests set out in Pai?gr)ph I Schedule 6 of the Finance Act 2010 and therefore il meets the defii)ilion of a cl)arithble entity for UK corpontion Énx purposes. Aceordingly> the cl)arity is polenlially excmpi from tayation in respeci of income or c&pital gains received il'ithin categorie% covered by Chapter 3 Part I l of tlie Corporation Tax Act 2010 or Sectioi) 256 ()f the Taxation of Chargeable CyaiThs Act 1992, to ihe extent that Such income or gilills are applied exclusively to Lharitable puiposes. TaNglbR¢ fixed assets Tangible fixed assets arc stated ai hislorical cost or valuation. Depreciatlon And amortis#tlon Depreciation is provided on tangibl£ fixed asscts. so as to write off the ¢osl or valuation, less any estimated residual valve, over their expected useful economic life as lolloivs: Asset eliss reehold buildings Land D¢preeiatiott metbod and rate 20/ty on cost Not depreciated Signifitant judgements estimates Preparntion of the financial statcments requires managcment to make significant judgements and cstimates. Thc ilems in the financial statements where these judgments 8nd estimates have been made iTJclude: Depreciolion Management revieivs ils ¢stimate of the useful liv¢s of depi'cciable assets at Cach reporting date based on the expected utilityi of the assets- hoivever, by theii. nature. component life cannot bc detennincd with absolute ¢ertainty. Flxed th￿¢¢ investments Fixed asset inv¥slmenls: viher thun programtne r¢laled inv¢stmenls, Jre inLlud¢d al t￿￿ke1 value at the balunLY sheet dgle. R￿lIsed gail)$ and loss¢s on investsnents ar¢ calculated as the dilT¢rence betiveen sales pivceeds and Iheii. maTk¢t value at Ihe start of the year, or tlieir sLibsequ¢nl Lost, and are charged or credited to Ili¢ Statement of Financial Activities in the period of disposal. Unrealiscd gains and ltssses rcpresent the movement in markct values during the ycJr and arc credited or charged to ihe Statement of FitJanLial Activilies based on tlic market value at the year end. Financial iRstrutti¢nts The Lharit)i only hJs financial assels und financial liabilities of a kind that qualify as basic financial instruments. Basi¢ financial instruments are initiall}r recogDised at lyansaction valu¢ and subsequently measured at th¢ir settlemcnt value. Page 8 Roebuck Memorial Homes Trust Notes to Ihe Financial Statements for the Year Ended 31 March 2024 (continued) Debtors Debtors are recognised initially when th¢5, bceome du¢ al thc trdnsaclion pri¢¢. They are subs¢quently measured al amortised cost Using (he effective interest rate method, less provision for impairment. A provision for impairnient of debtors is established ivhen Il)ei'e is objective evidence thai ihe charity will not be able to collect all amounts due according to the origtnal tem)s of the debtors. Creditors Creditors are obligytions to puy for goods and servi¢es thdt have b¢en acquired by Ilie charity. Credilors are initiully rccognised ai the ti'ansaclion pric¢ and subsequenily measured dl 8moi1ised cosl using (he ¢fleclive interest method. Cash Alld ¢¥sh equlvalenls Cash and cash equivalents comprise Cash on hand und call deposits, and other short-term highly liquid investments that are readily ¢onvertible to & known amount of cJsh and are subjed to an insignificant risk of change in value. 3 Income froni Ch¥Yl¢able Aetbvltles UiirestritÉ¢d fuDds Tot•1 2024 Total 2013 Gelleral Rcnts 41.714 41.714 37,690 4 lllcome from iDvestments Uiirestrleted funds Total 2024 Tot41 2023 Gekieral Other income from fixcd asset inve5tn)ents 2.653 2,653 2,402 Page 9 Roebuck Memorial Ho￿eS Trust Notes to the Finaneial Staten)ents for lhe Year Ended 31 March 2024 (continued) 5 Expendilure on CharltAble A¢tlvities Unrestrieted fuDd5 Total 2024 Total 2023 Gener¥1 Repairs and renewal$ Insurance CJ8rdening costs Light, heat and power Consuliankny & manugemcnl lees Subscriplions Management charg¢s Deprccialion of fr¢ehold property Loan interest Indcp¢ndent Examinels remuneration Cortiputei. sofh¥are and maintcn8nce costs 19.333 1,679 6.079 443 158 395 2.438 14,402 1,242 1,080 300 19,333 .679 6.079 443 158 395 2,438 14,402 1,242 1.080 300 5.812 1,727 5.364 392 192 221 3.891 I4,402 1.289 1,020 47,549 47.549 34,310 6 Analysis of support costs Governance costs Unrestricted Tot*1 2024 Total 2023 General Indepcndent examiners fees 1,080 I,D¥O 1,02U 7 Trustees remuner*ttDll #Dd expenses No Irusltcs. nor any persons conn¢¢led ivith them, hav¢ received any ttmuneralion Irom the charily during th¢ year. The amouiil expenses waived by the truslees during the year ￿ts11ed £Wil (2023 - £Nil}. 8 Key mXDRgement personnel The chority canSide￿ ILS key Thanagement pe￿onnel compri.se the trustee8. The total key managemenl per50nThel remunerdtion beneliis. Ivere £Nil12022- £Nil). Pagc 10 Roebuck Memorial Homes Trust Notes to the Financial Statements for the Year Elided 31 March 2024 (continued) 9 TAngible fixed Assets Lxnd buildiiigs Total Co$1 At l April 2023 1,680,115 1,680,115 At 3 1 March 2024 1.680,115 1.680,115 Depreclxtlon At l April 2023 ChaiEe for the y¥ur 98,211 14,402 98,211 14,402 At 31 March 2024 112.613 112.613 Net book vAlue At 31 Morch 2024 1.567,502 ,567,502 At 31 March 2023 ,581,904 ,581.904 Included iviihin land and buildings at ihe year end is £960,OOU (2023 £960.00) relating to land whicli 18 not depreciated because it is considered to have an infinite useful life. Revaluation The Charity's land and buildings are recognised at depreciated replacement cost and ivas revalued on 20 April 2016 by Jowett Chartered Suiyeyors & Estate Agents, an independent valuer. Had thi.8 class of a*8el been me&8ured on a hi8toric&l cost basi4 their carrying amount iyould have been £1.240,864 {2023 - £1,248,042). Page 11 Roebuck Memorial Homes Trust Notes to the Finaneial Statements for the Year Ended 31 March 2024 (continued) 10 Flxed ￿8$¢t Investments 2024 2023 oil)er investments 85.486 75,492 other investments Ll$ted inves¢m¢nts Tothl Cost or Valuahlion At l April 2023 Additions Revaliialion 75,492 4,500 5,494 75,492 4,500 5,494 At 31 Murch 2024 85,486 85.486 Net book value At 31 March 2024 85,486 85,486 Al 31 March 2023 75.492 75,492 Th¢ laii. value ol. lisl¢d investments is delemiined by reference to the quoled price tor identical a55ets in an active market at the balance sheet date. The histori￿￿1 cosl of the investments is £60,396 (2023 - £55,896). I l Debtors 2024 1023 Tradc debtors Pi'cpayments 91 1.345 20 1,231 ,436 1,251 12 CreditOTS: fAlling due withiu one year 2024 2023 other loans Accruals and deferred income ,263 1,166 1,213 1,076 2,429 2,289 Page 12 Roebuck Memorial Homes Trust Notes to the Financial Statements for the Year Ellded 31 March 2024 (continued) 13 Crertltors: amoullts folling diie After one yc#r 2024 2023 oiher loan l (1-2ytB) Other loan l {2-5yrs) Otlier loaii l {over 5yrn) 1,314 4,272 23,438 1,263 4,105 24,920 29.024 30.288 14 Funds O¢li¢r recogDi3ed %Alnsl(losses) BalRnce at I April 2023 Ineoming resovrees Resourees expended Bal¥llce At 31 MRrch 2024 Unrestrleted GetTreral ,264,128 44,367 (47.549) ,260.946 Unr£sirleled oiherfiinds Revaluation reserve 396.370 5.494 401,864 Total fuods 1,660,498 44,367 (47,549) 5,494 1,662,810 Other reeognlsed g￿lUSI{10s5t$) BAIAnee at I Api-il 2022 li)comlng resouree5 Resourees expended Mareh 2023 Unre51ri¢ted Gene121 1.258.346 40,092 (34.310) 1,264,128 Unrestricled oiherfunds Revaluation rescnre 399,114 (2.744) 396,370 TDlxl fvDds I,657,460 40.092 {34,310) {2.744 1,660,498 Page 13 Roebuek Memorial Homes Trust Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) IS Analysls of net a35els between funds Unrestrlcted funds General fund$ Revalugtion reserve Totxl funds Tangible fix¢d assels Ftxed asset investments CuFrcnt assets Current liabilities Creditors over l y¢ar 1,190.728 60,396 41,275 (2.429) (29,024> 1,260.946 376,774 25,090 1,567,502 85,486 41,275 (2,429) (29,024) 1,662,810 Total nel assets 401,864 16 Related pArty tran$Actions During the year the charity madc the folloiving related party transactions: Raymond Ram (Trustee) Mi. Raymond Ram was reimbursed expenscs during the year of £158 (2023 - £192). Al thc balance sheet date ihe amount diie tolfrom Raymond Ram was £Nil {2023- £Nil). Page 14