JU}11 N ALlukP,IJ I '1 HCJVI[E FINANCIAL STATEMENTS 31 MARCH 2024 Charity Nu]nber 1054844 STREETS. SPENSF.R WILSON CMAKTEIiEU ACCOUN1ANTS JOHN ABBOTT'S TRUSTEES, LADIES HOME FIIYANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 CONTENTS PAGE Members of the Board and professional advisers Trustees Annual Rq)ort Independent examiner's report to the TTUStees Receipts and payments account Statement of assels and liabilities JOHN ABBOTT'S TRUSTEES, LADIES HOME MEMBERS OF THE BOARD AND PROFESSIONAL ADVISERS Reglstered charity name John Abbott's Trustees Ladies Home Charlty number 1054844 Co-operatfive Governors Mr E N Wood (Chairn]an) Mr P Benson Mrs J CroThther Mrs D Thomas Mrs D Gallimorc Clerk to the governors Mr R M Gledhill Finn Gledhill 2 Harrison Road Halifax HXI 2AG Independent examiner Andrea Kennedy BFP FCA FCCA A￿(FellOW) Equitable House 55 Pellon Lane Halifax W¢st Yorkshire HXI 5SP Stockbrokers Investec Quayside House Canal Wharf Le¢ds LSII SPU Architect Pickles 16 Church Lane Brighouse HD6 IAT Banker5 CAF Bank 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Solieitors Finn Gledhill 14 Harrison Road Halifax W¢st Yorkshire HXI 2AG JOHN ABBOTT'S TRUSTEES, LADIES HOME TRUSTEES ANIYUAL REPORT YEAR ENDED 31 MARCH 2024 The truslees have pleasure in presenting their report and the unaudited financial statements of the Ch￿lty for the year end¢d 31 March 2024. REFERENCE AND ADMINISTIL4TIVE DETAILS Reference and administrative details are shown in the schedule ofm¢mbers of the board and professional advis¢rs and professional advisers on page l of the financial statements financial accounts. STRUCTURE, GOVERNANCE AND MANAGEMENT The Trust was established by a Deed of Trust dated l July 1886 and varied by schemes of the Charity Commissioners dated 13 March 1953 and 13 December 1994. The Trust is administ¢red by co-optative and nominated Governors. Nominat¢d Governors are appointed by the Local Authority for a four y¢ar period. Co-optative Governors are appointed by the Trustees for a five year period. OBJECTIVES AIYD ACTIVITIES The objects of the Trust are to provide for ladi¢s in reth]¢ed circumstances by: l. Th¢ provision of subsidised living accommodation 2. The payment of annuities, if required. Although the TNst's finances are reasonable all funds have been utilised under the first of the above obJ￿ts and no annuity payments are likely to be made in th¢ immediat¢ future. ACHIEVEMENTS AND PERFORMANCE The charity has continued to provide subsidised living accommodation, together with modernisation of the charity's properties. FINANCIAL REVIEW Expenditure ex¢¢¢d¢d income during the year by £24.030 and the valu¢ of the Tft￿t,s other assets decreased during the year by £3,010. The Truslees believe the funds to be in a generally sound financial condition and, taking into account the ongoing property expenditure, the properties are in a reasonable condition. Sufficient reserves are mairJtain¢d to finance at least 6 months nornlal total expenditure. JOHN ABBOTT'S TRUSTEES, LADIES HOME TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2024 PUBLIC BENEFIT The Trustees confirm that they have Complied with their duty to have due regard for the Charity Commission's general guidance on public benefit, 'Charities and public benefit.. INDEPENDENT EK4MINER Andrea Kennedy BFP FCA FCCA A￿(FellOW) has been re-appointed as independent examiner for th¢ ensuing year. Signed by order of the trustees ¥di/Ah444 z)A7L- Mr E Wood Co-optative Governor Mrs D Thomas Co-optative Governor 17 December 2024 JOHN ABBOTT'S TRUSTEES? LADIES HOME INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES YEAR ENDED 31 MARCH 2024 I report on the accounts of the charity for the year ended 31 March 2024 as set oul on pages 5 to 6. RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER The charity's trustees are responsible for the Preparation of the accounls. The charity's trustees consider thal an audit is not required for this period under section 144 of the Charities Act 2011 ('the Charities Act,) and that an ind¢p¢ndent examination is needed. It is my responsibility to: examin¢ th¢ accounts under section 145 of the Charities Act. lo follow the procedures laid down in the general Directions given by the Charity Commission (undw section 145(5)0)) of the Charities Act). and to stat¢ whether particular matters have come to my attention. BASIS OF INDEPENDENT EXAMINER'S STATEMENT My examination was C￿TI¢d out in accordance with general Directions given by the Charity Commission. An exan)ination includes a review of the accounting records kept by the charity and a cornparison of Éhe accounts presented with those records. It also includes ¢onsid¢ration of any Unusual items or disclosur¢s in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provid¢ all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair, view and the report is liniit¢d to those matters set out in the statement below. INDEPENDENT EXAMINER'S STATEMENT In connection with my examination, no material matters havc com¢ to my attention which give me cause to believe that in, any material respect: accounting records were noi kept in accoTdaDC¢ with section 130 of the Charities Act, or the accounts do not accord with the a¢¢ounting records I have come across no other matters in ¢onnection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Andrea Kennedy BFP FCA FCCA ATTIFelloiv) Independent examiner Equitable House 55 Pellon Lane Halifax West Yorkshire HXI 5SP 17 December 2024 JOHN ABBOTT'S TRUSTEES, LADIES HOME INCOME AND EXPEIYDITURE ACCOUNT YEAR ENDED 31 MARCH 2024 Unrestricted Restrleted Total funds Total funds funds funds 2024 2023 RECEivrs Grants received Contributions and rents Dividends and interest Receipts from sal¢ of investments Bank loan received S6￿92 3,885 55,040 86,592 3,885 55,040 101,794 3,240 4,285 TOTAL RECEIPTS 145,517 145,517 109,319 PAYMENTS Administration Clerk's fees Archit¢¢t's fees Gardening services Accountancy fees Administrator fees 8,509 OJ90 7,720 lJ80 4,492 28,491 8,509 6J90 7,720 lJ80 4,492 7,963 6,773 6,712 1,254 3,752 28,491 26,454 Property expense5 Exceptional maintenance repairs Routine maintenance and repairs 71,491 14,285 71.491 14,285 19,020 8,304 114,267 114,267 53,778 Sundry expenses Stockbrokers, management fees Lcgal f¢¢s Almshouse Association subscription Almshouse Consortium Ltd member fee Insurance premiLun Bank int¢r¢st/charges Sundries 2,648 2,648 2,412 407 407 233 4,404 108 1241 4,404 108 1,241 4,209 220 1,513 123,075 123,075 62,365 Purchase of f￿ed assets Purchase of investments 46,472 46,472 42,649 Bank loan paid TOTAL PAYMEhTS 169,547 169,547 105,014 NET (EXPENDITURE)IIIECEIPTS Transfers be(Iveen funds (24,030) (24,030) 4,305 OPENING CASH FUNDS 36,845 36,845 12,815 32,540 36,845 CLOSING CASH FUNDS 12,815 JOHN ABBOTT'S TRUSTEES, LADIES HOME STATEMENT OF ASSETS AJND LIABILITIES YEAR ENDED 31 MARCH 2024 2024 2023 CASH FUNDS CAF- cu￿ellt account CAF- Dcposit account Barclays - Current account Extraordinary repair fund Stockbrokers 7.714 1,020 21,588 365 7,749 3.327 3,816 2,118 1,963 TOTAL CASH FUNDS 12,815 36,845 INVESTMENTS (At valuation) LAND AND BUILDINGS AT COST 170,390 417,743 173,900 417,743 TOTAL ASSETS 600,948 628,488 FUNDS RECONCILIATION Opening net assets Net receipts 628,488 600,355 (24.030) 4,305 Net (decrease)/increase in other assets (3,510) 23,828 600,948 628,488 The financial slatements were approved by the trustees on 17 December 2024 and are sigu¢d on their by. Mr E Wood Co-optative Governor Mrs D Thomas Co-optative Governor