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Charity Registration Number: 1042683 Almshouse Association Member Number: 1883
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Roebuck Memorial Homes Trust
Annual Report and Financial Statements for the Year Ended 31 March 2025
Roebuck Memorial Homes Trust
Contents (continued)
|Reference and Administrative Details||| |---|---| |Trustees' Report|2 to3| |Independent Examiner's Report|4| |Statement ofFinancial Activities|5| |Balance Sheet|6| |NotestotheFinancialStatements|7to14|
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| Roebuck Memorial Homes Trust | |
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| ReferenceandAdministrative Details | |
| CharityRegistrationNumber | 1042683 |
| Almshouse Association Member | —1883 |
| Number | |
| Trustees | RaymondRam (Resigned 25/03/2025) |
| Janis Dean (Resigned 25/03/2025) | |
| Jonathan Taylor(Resigned 25/03/2025) | |
| TylerHawkins | |
| Graham Sykes | |
| Manisha Kaushik | |
| Andrea Lawton-Hyde | |
| Principal Office | Kirklees Council |
| Civic Centre 3 Huddersfield |
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| HDI 2TG | |
| Solicitors | Ramsdens Solicitors LLP |
| Oakley House 1 Hungerford Road |
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| Huddersfield | |
| Bankers | Lloyds Bank |
| 16 Market Place | |
| Oldham | |
| OLI IG | |
| Independent Examiner | Watson Buckle Limited |
| Independent Examiner | |
| York House | |
| Cottingley Business Park | |
| Bradford | |
| BDI6IPE |
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Roebuck Memorial Homes Trust
Trustees' Report
The trustees present the annual report together with the financial statements of the charity for the year ended 31 March 2025.
Objectives, activities and performance
Roebuck Memorial Homes Trust, is a not for profit registered charity administered by a voluntary group of trustees. The principle activities are to provide accommodation for those who qualify under the trust deed, with priority being given to local residents. When making decisions about the applicants the trustees have tried to ensure that they provide accommodation to those most in need of the type of accommodation the trust offers.
We are pleased to say that we have a full complement of trustees which remain as was the case last year.
Next year we will see major changes with three Trustees, including the Chair, retiring and new Trustees will be in place for 2025-26,
There were two void properties during the year. One of which the followed the sad passing of long-time resident Maureen Castledine. Both properties were relet during the year.
There were no unexpected or emergency large items of expenditure during the financial year. However, there were considerable costs to relet the properties both in terms of improvement works and repairs and loss of income.
Despite this we were able to fund the resident led improvements identified at the AGM in April 2024.
These included the repair and repainting of front doors and repointing and improvements to the front patios outside of resident's front doors.
In addition, we provided internal painting to all properties of stone lintels, mullion and cills to address condensation problems arising from cold bridging.
Public benefit
The trustees pay due regard to the Charity Commission guidance on Public Benefit and believe that the provision of social housing within the local community conforms with this guidance.
Structure, governance and management
Trustees are appointed from within the local community and from professionals who bring additional skills and expertise to the trust. All new trustees are provided with Charity Commission publication CC3 'The Essential Trustee; what you need to know! and CC10 'The Hallmarks of an Effective Charity’. Trustees are also given an introduction by existing trustees to the specific rules relating to social housing along with an overview of the charity's operations,
The trustees remain committed to their aim of providing a high standard of accommodation at an affordable weekly contribution in order to compete with other social housing providers.
Details of the properties
There are 8 two bedroom cottages built in 1932. The Trust owns the properties with Kirklees Council acting as the Custodian trustee.
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Roebuck Memorial Homes Trust
Trustees' Report (continued)
Financial review
The trustees continue to build up the charity's finds as and when possible and uses the routine maintenance for renewals and regular maintenance.
The deficit for the year on unrestricted funds was £16,804 (2024 surplus: £2,312). There was an increase in the value of investments during the year of £2,243 (2024 - £9,994).
The total funds of the charity at 31 March 2025 were £1,646,006 (2024 - £1,662,810).
The annual report was approved by the trustees of the charity on 1919. 2b nd signed on its behalf by:
Andrea Lawton-Hyde C Trustee
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Roebuck Memorial Homes Trust
Independent Examiner's Report to the trustees of Roebuck Memorial Homes Trust
I report to the trustees on my examination of the accounts of Roebuck Memorial Homes Trust for the year ended 31 March 2025,
Responsibilities and basis of report
As the charity trustees of Roebuck Memorial Homes Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
[ report in respect of my examination of the Roebuck Memorial Homes Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of Roebuck Memorial Homes Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view! which is not a matter considered as part of an independent examination.
[have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
ZI
Mark Wilcock FCA Independent Examiner Watson Buckle Limited Bradford
Date hvcsssisssvecovscemaraes
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Roebuck Memorial Homes Trust
Statement of Financial Activities for the Year Ended 31 March 2025 (Including Income and Expenditure Account)
| Unrestricted | |||||
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| Note | General £ |
Revaluation reserve |
Total 2025 £ |
Total 2024 £ |
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| Income and endowments from | |||||
| Charitable activities | 3 | 41,500 | - | 41,500 | 41,714 |
| Investments | 4 | 2,875 | - | 2,875 | 2,653 |
| Total income and endowments | 44,375 | - | 44,375 | 44,367 | |
| Expenditure | |||||
| Charitable activities | 5 | (58,922) | - | (58,922) | (47,549) |
| Totalexpenditure | (58,922) | - | (58,922) | (47,549) | |
| Net expenditure | (14,547) | - | (14,547) | (3,182) | |
| Gains/losses on investment assets | - | (2,257) | (2,257) | 5,494 | |
| Netmovement infunds | ~ (14,547)(2,257) | (2,257) | ~~ (16,804) | “2312. | |
| Reconciliation offunds | |||||
| Total funds brought forward | 1,260,946 | 401,864 | 1,662,810 | 1,660,498 | |
| Totalfundscarriedforward | 1,246,399 | 399,607 | 1,646,006 | 1,662,810 |
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The notes on pages 7 to 14 form an integral part of these financial statements. Page 5
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Roebuck Memorial Homes Trust
(Registration number: 1042683) Balance Sheet as at 31 March 2025
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| 2025 | 2024 | |||
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| Note | £ | £ | ||
| Fixed assets | ||||
| Tangible assets | 9 | 1,555,819 | 1,567,502 | |
| Investments | 10 | 87,729 | 85,486 | |
| 1,643,548 | 1,652,988 | |||
| Current assets | . | |||
| Debtors | 11 | 1,376 | 1,436 | |
| Cash atbank and in hand | 31,683 | 39,839 | ||
| 33,059 | 41,275 | |||
| Creditors: Amounts falling due within one year | 12 | (2,891) | (2,429) | |
| Net current assets | 30,168 | 38,846 | ||
| Total assets less current liabilities | 1,673,716 | 1,691,834 | ||
| Creditors: Amounts fallingdueaftermorethanoneyear | , | 13 | (27,710) | (29,024) |
| Net assets | 1,646,006 | 1,662,810 | ||
| Funds ofthecharity: | ||||
| Unrestricted income funds | ||||
| Unrestricted | 1,246,399 | 1,260,946 | ||
| Revaluation reserve | 399,607 | 401,864 | ||
| Total unrestricted | 1,646,006 | 1,662,810 | ||
| Totalfunds | 14 | 1,646,006 | 1,662,810 |
The financial statements on pages 5 to 14 were approved by the trustees, and authorised for issue on 19.12.25 and signed on their behalf by:
Andrea Lawton-Hyde Trustee
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The notes on pages 7 to 14 form an integral part of these financial statements. Page 6
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Roebuck Memorial Homes Trust
Notes to the Financial Statements for the Year Ended 31 March 2025
1 General information
The entity is an unincorporated registered charity governed by their constitution, registered in England and Wales.
Registered charity number: 1042683
Almshouse Association member number: 1883
Their registered address is:
Kirklees Council Civic Centre 3 Huddersfield HD1 2TG
2 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) - (Charities SORP (FRS 102)) and the Charities Act 2011.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The charity constitutes a public benefit entity as defined by FRS102.
The charity's functional and presentation currency is pound sterling.
Going concern
The financial statements have been prepared on a going concern basis.
Income and endowments
Investment income
Income is earned from holding fixed assets for investment purposes and is recognised when receivable and the amount can be measured reliably by the charity.
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity.
Charitable activities
Rent from land and buildings is recognised on an accruals basis.
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Roebuck Memorial Homes Trust
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
Expenditure
Expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs
Governance costs include the examination of the statutory accounts.
Taxation
The charity is considered to pass the tests set out in Paragraph | Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable entity for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of ; the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Tangible fixed assets are stated at historical cost or valuation.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
==> picture [420 x 36] intentionally omitted <==
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|Asset|class|Depreciation|method|and|rate|
|Freehold|buildings|2%|on|cost|
|Land|Not depreciated|
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Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where these judgments and estimates have been made include:
Depreciation
Management reviews its estimate of the useful lives of depreciable assets at each reporting date based on the expected utility of the assets; however, by their nature, component life cannot be determined with absolute certainty.
Fixed asset investments
Fixed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal.
Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end.
Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
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Roebuck Memorial Homes Trust
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
Debtors
Debtors are recognised initially when they become due at the transaction price. They are subsequently measured at amortised cost using the effective interest rate method, less provision for impairment. A provision for impairment of debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the debtors.
Creditors
Creditors are obligations to pay for goods and services that have been acquired by the charity. Creditors are initially recognised at the transaction price and subsequently measured at amortised cost using the effective interest method.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
3 Income from Charitable activities
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Unrestricted
2025 2024
General Total Total
Rents 41,500 41,500 41,714
4 Income from investments
Unrestricted
funds Total Total
General 2025 2024
Other income from fixed asset investments 2,875 2,875 2,653
----- End of picture text -----
- 4 Income from investments
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Roebuck Memorial Homes Trust
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
5 Expenditure on Charitable Activities
| Unrestricted | |||
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| funds | |||
| General | Total 2025 |
Total 2024 |
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| £ | £ | £ | |
| Repairs and renewals | 27,299 | 27,299 | 19,333 |
| Insurance | 1,804 | 1,804 | 1,679 |
| Gardening costs | 5,006 | 5,006 | 6,079 |
| Light, heat and power | 632 | 632 | 443 |
| Consultancy & management fees | 318 | 318 | 158 |
| Subscriptions | 376 | 376 | 395 |
| Management charges | 6,702 | 6,702 | 2,438 |
| Depreciation offreehold property | 14,458 | 14,458 | 14,402 |
| Loan interest | 1,193 | 1,193 | 1,242 |
| Independent Examiner's remuneration | 1,134 | 1,134 | 1,080 |
| Computer software and maintenance costs | - | - | 300 |
| 58,922 | 58,922 | 47,549 |
6 Analysis of support costs
Governance costs
| Unrestricted | |||||
|---|---|---|---|---|---|
| Total | Total | ||||
| General | 2025 | 2024 | |||
| £ | £ | £ | |||
| Independent | examiners | fees | 1,134 | 1,134 | 1,080 |
7 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
The amount expenses waived by the trustees during the year totalled £Nil (2024 - £Nil).
8 Key management personnel
The charity considers its key management personnel comprise the trustees.
The total key management personnel remuneration benefits were £Nil (2024 - £Nil).
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Roebuck Memorial Homes Trust
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
9 Tangible fixed assets
| 9 Tangible fixed assets |
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|---|---|---|
| Land and | ||
| buildings | Total | |
| £ | £ | |
| Cost | ||
| At | April 2024 | 1,680,115 |
| Additions | 2,775 | 2,775 |
| At 31 March 2025 | 1,682,890 | 1,682,890 |
| Depreciation | ||
| At | April 2024 | 112,613 |
| Charge for the year | 14,458 | 14,458 |
| At 31 March 2025 | 127,071 | 127,071 |
| Net book value | ||
| At 31 March 2025 | 1,555,819 | 1,555,819 |
| At31March2024 | 1,567,502 | 1,567,502 |
Included within land and buildings at the year end is £960,000 (2024 - £960,000) relating to land which is 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 was revalued on 20 April 2016 by Jowett Chartered Surveyors & Estate Agents, an independent valuer.
Had this class of asset been measured on a historical cost basis, their carrying amount would have been £1,236,406 (2024 - £1,240,864).
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Roebuck Memorial Homes Trust
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
10 Fixed asset investments
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Other investments | 87,729 | 85,486 |
| Other investments | ||
| Listed | ||
| investments | Total | |
| £ | £ | |
| Cost or Valuation | ||
| At | April 2024 | 85,486 |
| Additions | 4,500 | 4,500 |
| Revaluation | (2,257) | (2,257) |
| At 31 March 2025 | 87,729 | 87,729 |
| Net book value | ||
| At 31 March 2025 | 87,729 | 87,729 |
| At31March2024 | 85,486 | 85,486 |
The fair value of listed investments is determined by reference to the quoted price for identical assets in an active market at the balance sheet date. The historical cost of the investments is £64,896 (2024 - £60,396).
11 Debtors
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Trade debtors | - | 91 |
| Prepayments | 1,376 | 1,345 |
| 1,376 | 1,436 |
12 Creditors: amounts failing due within one year
| 12 Creditors: amounts failing due within one year | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Other loans | 1,314 | 1,263 |
| Accruals and deferred income | 1,577 | 1,166 |
| 2,891 | 2,429 |
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Roebuck Memorial Homes Trust
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
13 Creditors: amounts falling due after one year
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| 2025 | 2024 | |||||
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| £ | £ | |||||
| Other loan | (1-2yrs) | 1,368 | ||||
| Other loan | (2-Syrs) | 4,445 | ||||
| Other loan | (over Syrs) | 21,897 | ||||
| 27,710 | 29,024 | |||||
| 14 Funds | ||||||
| Other | ||||||
| Balance at | Incoming | Resources | recognised | |||
| April 2624 | resources | expended | gains/(losses) | §March 2025 | ||
| £ | £ | £ | £ | £ | ||
| Unrestricted | ||||||
| General | 1,260,946 | 44,375 | (58,922) | - | 1,246,399 | |
| Unrestricted otherfunds | ||||||
| Revaluation reserve | 401,864 | ~ | - | (2,257) | 399,607 | |
| Total funds | 1,662,810 | 44,375 | (58,922) | (2,257) | 1,646,006 | |
| Other | ||||||
| Balance at 1 | Incoming | Resources | recognised | Balance at31 | ||
| April 2023 | resources | expended | gains/(losses) | March 2024 | ||
| £ | £ | £ | £ | £ | ||
| Unrestricted | ||||||
| General | 1,264,128 | 44,367 | (47,549) | - | 1,260,946 | |
| Unrestricted otherfunds | ||||||
| Revaluation reserve | 396,370 | - | - | 5,494 | 401,864 | |
| Totalfunds | 1,660,498 | 44,367 | (47,549) | 5,494 | 1,662,810 |
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Roebuck Memorial Homes Trust
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
15 Analysis of net assets between funds
| 15 Analysis of net assets between funds | |||
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| Unrestricted | |||
| funds | |||
| General | Revaluation | ||
| funds | reserve | Total funds | |
| £ | £ | £ | |
| Tangible fixed assets | 1,179,045 | 376,774 | 1,555,819 |
| Fixed asset investments | 64,896 | 22,833 | 87,729 |
| Current assets | 33,059 | - | 33,059 |
| Current liabilities | (2,891) | - | (2,891) |
| Creditors over | year | (27,710) | - |
| Totalnetassets | 1,246,399 | 399,607 | 1,646,006 |
16 Related party transactions
During the year the charity made the following related party transactions:
Raymond Ram
(Trustee)
Mr Raymond Ram was reimbursed expenses during the year of £318 (2024 - £158). At the balance sheet date the amount due to/from Raymond Ram was £Nil (2024 - £Nil).
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