Charitv Registration Number.. 1055157
Homc5 and Communitics Agcnc). Registration Numbcr.. A3996
Almshouse Associalion Member Number: 1071
The Harcourt Almshouse Charities
Annual Re￿rt and Financial Statements
t.or the Year Ended 31 December 2023

The Harcourt Almshouse Charities
Contents (continued)
Board Rcpx)rt
I to2
Independent Auditors, Rewbrt
3toi
Statcmcnt of comprchcn51￿'c Incomc
Balance Sheet
Cash Flow Statcmcnt
Statement of Changes in Reser¥'es
Notcs to thc Financial Statcmcnts
Ioto 14

The Harcourt Almshouse Charities
Board Report
The board present the annual rewrt together ivith the financial statements of the association for the year ended 31
December 2023.
Members of the Board of Trustees:
The members of the Board iyho h&￿'e sm'ed during the !'&gr 14.ere as follo￿.5:
Mr Shaun Bladcs
Miss Christine Greensil
Mr Douglas Marr
Mrs Sarah Websier
Mr Dai'id Broadlei,
Rev Jane Ball (appointed December 202))
Review of the business:
Folloii'ing on from a number of internal propem. refurbishments. Trustees hai'e noii, commenced a programme of
maintcnancc ivorks rccommcndcd in our most rcccnt Quinqucnnial sur¥-ci.. Thc TrustCC5 considcr that thc £cncral cash
flo￿, posilion of the charity. remains strong.
Objectives and strategies for aehieving those objeetives:
The Charity. aims to proi'ide Almshouse properties for the residents H".ho satisfj- the local residential qualifi,ing criteria
under the Charitv Commission Scheme ol Arrangemeni for the Almshouses CharilK. daied 9th Noi'ember 1994.
Whenever i'acancies arise. these are adi-ertised locall!.. When makino decisions about applicants: the Trustees tiv to
ensure that the accommodation is prol'ided io ihose in need ofthe l! pe of acu)mmodaiion oifered by ihe Chaiil).
Prillcipal risks uncertainties:
Modern lii'ing standards and eipectations of local inhabitants hai'e increased significantlTr to those applicable ￿.-hen the
original Almshouscs w'crc built in thc mid-victorian cra.
Main trends and factors underlying the development and performance and position of the Harcourt Almshouse
Charities:
Dcspitc thc principal risks and unccrtaintics highlightcd aboi"c: thc Board rcmains satisficd that thcrc is still suffiLicnt
need tor the t-acililies proiwided bTr' Almshouses w ensure that Ihe Charits. can continue 10 dei'elop on a consistent basis
for the foreseeable tuture.
Analysis using finaneial and non financial key perforniance indieators:
'I'he I ruslees hai'e a rolling fil e ! ears finaniial plan ihai is moniioied againsl aciual perfom)ance of each element of the
plan on a regular basis. The tinancial plan su??ests that, after meetin? normal operatino costs, a continuing upgrading
and maintenance scheme ofthe Almshouse properties is achievable.
Future prospects:
In general terms the Trustees consider that the future prospects ot the Charit)- remain good.
Assessment of how the Hareourt Almsbouse Charities are aehieving value for money:
Thc wcckly maintcnancc chargc paid b}- rcsidcnts has rcmaincd con5i5tcntlN" bcloii- Social housing rcnt guidclincs. Aftcr
meeting nom)al operaiing costs there is slill a satisfacion" margin of funding toivards the mainlenance and upgrading of
thc propcrtics.
Assessment of compliance with Government and Financial Viabilitv St2ndard:
'I'he l-rustees Lonsider that the Lloard has complied li ith Goi emmeni and l.-inancial Viabilii) Stsndards.
Code of Governance:
The Trustees goi'ern the Harcourt Almshouse Charities in accordance ii.ith the terms and conditions of the Charity,
Commission Scheme of Arrdngemeni for the Charili" daied 9ih Noiember 1994. '1-he .1 ruslees meel regularl> lo
determine housing rxilicies. manaoement issues and the allocation of the properties. and tho.se Meetings are properly
minutcd.
Pagc I

The Hydrcourt Almshouse Charities
Board Report (continued)
Internal eontrols:
As far as the Tnist¢¢s arc aware. there arc no major risks facing the Charity. The internal controls of the Charity ar¢
reviewed and monitored annually.
The Board monitors the Charity's inve51ment portfolio on at leasl a quarterly basis at each Twstees. Meeting and
consider whether any changes are needed. The investments are maintained in funds specifically designated for charities
and g¢a￿d towards providing inwm¢ whilst incorporaling long tern] growth.
Publlc benefit 8tAlement:
The Trustees pay du¢ regard to the Charity Commi&sion guidance on Public Benefit and believe thai Iheir provision of
social h￿1$1￿8 within the local community Conforn￿ with this guidance.
Flngnelal revlew
The Trust has spent £1 1.356 (2022: £9.578) on routine maintcnance this y¢ar. The bank balances have iTJCTeased by
£4,758, and the Trustees feel t1￿1 the T￿￿¢ is still in a good position financi4111y.
The Trustees will continue to build up the charity's reserves as and when possible and uses the TOUtiDe maintenance for
renewals and regular maintenance.
The deficit for th¢ year was £1.350 (2022: deficit £728) and the reserves of the Charity at 31 December 2023 were
£239.755 (2022: £241.105).
Stat¢menl of Boards Responslbllliles
The Board is responsible for preparing the Report and the financial statements in accordance with the applicable law
and reguIations.
The re8lStered social housing legislation require the Board to prepare fmancial statements for each financi81 year which
give a true and faAr view of the slate of affairs of the a￿o¢lAtIon and of its income aud expenditure for that period. In
prepating these fuwncial stslem¢uts. the Board is required to".
select suitable accounting policies and then apply them consistently.
make judgements and estimates that are reasonable and prudenL
stste whether applicable accounting standards have been followe(L subject to any material departures disclosed and
explained in the financial statements. and
prepare the financial ststements on the going concern basis ￿lesS it is inappropriate to presume tbat the association
will ¢ontinu¢ in business.
The Board is responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the
financial position of the association and eD8ble them to ensure that the financial statements comply with the Housing
and Regeneration Act 2008 &nd the Accounting Direction for private registered providers of social housing in England
2015. It has general responsibility for taking Teasonable steps to safeguard the assets of the a&so¢iation 2nd to prevent
and detect fraud and other irregularities.
The board are responsible foi- the rnaintenance and integrity of the corporate and flnancial infoiThation includcd on the
charitable company's website. Legislation governing the prqiaration and dissemination of financial statements may
differ frorn legislation in other jurisdi¢Éions.
The annual report was approved by the board of the association on..
signed on ils behalf by:
TNstee
Page 2

The Harcourt Almshouse Charities
Independent Auditor's Report to the Members of The Harcourt Almshouse Charities
Opinion
We hai'e audited the tinancial statements ot"The Harcourt Almshouse Charities (the 'association'l for the year ended 31
Dcccmbcr 2023. I%."hich comprisc thc Statcmcnt of Comprchcnsiiic Incomc. Balancc Shcct. C￿h Flow Statcmcnt. and
Notes to the Financial Statemenis. including a summan. of significani accouniing rM)licies. The financial retx)rting
tt2mci4orL that ha5 bccn applicd in thcir prcpardtion is applicablc laii" and Unitcd Kin(Fdom Accounting Standard5.
inuluding l. inancial Reporting Standard 102 "1"he l. inancial Reporting S(andard applicable in ihe UK and Republic of
Ireland (United Kinodom Generdll!. Accepted Accountino Practice).
In our opinion the financial statements=
gii'c a truc and fair vicw of thc statc of thc association's affair5 a5 at 31 Dcccmbcr ?023 and of its incoming
resources and application ot resources: includin? its income and expenditure: for the l'ear then ended.
haNe been properl) prepared in accordance iviih Uniied Kingdom Generall￿ Accepted Accounting Practice; and
hai'c bccn prcparcd in accordanLC Il'"ith thc rcquircmcnts of thc ch￿IlIc5 Act 2011. thc Housing and Rcgcncration
Act 2008 and the Accouniing DI￿¢t10n for prii'aie regisiered proi'iders of social housing in F.ngland 2019.
Basis for opinion
We conducted our audit in accordance M'"ith International Standards on Auditing (UKI (ISAS {UKII and applicable law.
Our responsibilities under ihose sthndards are further described in ihe audilor responsibililies for the audil of ihe
tinancial statcmcnts scction of our rcwrt. Wc arc indcpcndcnt of thc association in accordancc Ni'"ith thc cthical
requiremenis thai are rele%.ant to our audii of the financial s￿￿ments in the UK. including the l.'RC's Lihical Siandard,
and M'e haN'e tulfilled our other ethical reswnsibilities in accordance m.ith these requirements. We believe that the audit
evidenue 14'e hawe obtained is suflicienl and appropriate io proi.ide a basis for our qualified opinion.
Conclusions relating to going coneern
In audiiing the financial statements, li'e hai'e concluded that the board's use of the going concern basis of accounting in
thc prcparation ot thc tinancial statcmcnts is appropriatc.
Based on the ￿'ork we haN"e perfornied. ii"e hai"e not identified an￿ material uncertainties relating to ￿'ents or conditions
that. indiwidually or collcctivcl!.. maN" c￿t signitiL￿t doubt on thc association's abilits, to continuc as a going LoncL"rn
for a period of at least ti%'"eli'e months from ii'hen the original financial statements iiere authorised for issue.
Our responsibililies and the responsibililies olihe board i%"iih respeci ￿ going concern are described in the relei'anl
sections ot this report.
Other information
Thc knard is rc5pon5iblc for thc othcr inforn]ation. Thc othcr information comprisc5 thc information includcd in thc
annual report. other than the financial sthiements and our auditor s report thereon. Our opinion on the financial
statcmcnts docs not covcr thc othcr information and. c.xccpt to thc citcnt othcN"isc cxplicitl!. slatcd in our rcport. Th'c do
nol express an), fonn of assurance conclusion thereon.
In cunnLction M'"ith our audit of thc financial statcmcnt5. our rC5tK>ll5ibili￿. is to rcad thc othcr information and. in doing
so, consider ii,heiher the other inforniation is maleriall}' inconsislent ii'ith the financial statements or our knoii'.ledge
obtaincd in thc audit or othcniisc appcars to bc matcriall!" misststcd. If idcntiti, such matcrial inconsistcncics or
apparent material misstatements. li'e are required to detern)ine ii"hether there is a material misstatement in the financial
statcmcnts or a matcrial mis5tatcmcnt of thc othcr information. If. bascd on thc ivork ii"c haN'c pcrformcd: Th'c conLludc
that there is a maierial misslalemeni of this other inforn)alion. Ive are ￿quired ￿ reF￿)rt that fact.
Wc haN'c nothing to rcwrt in thi5 rcgard.
Pagc 3

The Harcourt Almshouse Charities
Independent Auditor's Report to the Members of The Harcourt Almshouse Charities
(continued)
Matters on which we are required to report by exception
We hai'e nothing to rewrt in respect of-the folloii'ing matters in relation to ii,hich the Charities (Accounls and Reports)
Rcgulations 2008 rcquirc us to rcport to Tr'ou if. in our opinion=
the infomiation gii'en in Ihe financial statemenls is inconsistent in an!. material respect ￿rIth the Lx)ard report; or
SU￿1cleAt accounting records have not ￿en kepi; or
thc financial statcmcnts arc not in agrccmcnt ii.ith thc accounting rccords- or
we ha￿e not received all the information and explanations iNe require for our audit.
In addition: we have nothing io report in respeci of the folloii.ing mailer ii"heTe the I lousing and Regeneralion Aci 2008
requires us to report to l'ou if, in our opinion=
a saiisfactory s)'stem of control over transactions has not been maintained.
Respollsibilities of board
As explained more tull!, in the Statement ot" ResFK>nsibilities (set out on page 21.. the board members are also the
trustees of ihe association lor the purwses ofcharil)" laii") are responsible for ihe preparaiion of ihe financial slalemenls
and tor being satislied ihat the!. gil'e a true and fair iyieii.. and for such internal conlrol as the ix)ard determine is
necessarv io enable the preparalion of financial sthiemens thai are free from ma￿rIal missialemenL Ivhether due lo
traud or error.
In preparing the financial statements. the board is reswnsible for assessing ihe association's abiliti. lo continue as a
going concern. disclosing, as applicable. matters related io going concern and using the going concern basis of
accounting unless the board eiiher iniend ￿ liquida￿ ihe assolialion or io cease operalions. or have no realislic
alternatiTr'e but to do so.
Audilor Responsibilities for the audit of the financial statements
Our objcLtiTr'cs lo obtain rca50nablc assurancc aLK>Ut ii"hcthcr thc financial statcmcnts a5 a wholc arc frcc from
material misstatement, Ivheiher due to fraud or error. and io issue an auditor s report thal includes our opinion.
Rcasonablc assurancc is a high Ici'cl of assurancc. but is not a guarantcc that an audit conductcd in accordancc ivith
ISAS (IIK) M.'ill alii'aTrs detect a material misstatemeni ii'hen li exists. Misstatements can arise from fraud or error and
arc considcrcd matcrial if. indii'iduallv or in thc a2£rcgatc. thc!. could rcasonabli." bc cxpcctcd to influcncc thc cconomic
decisions of users taken on the basis of these financial statemenis.
Irrcgularitics, including fraud. arc instanccs of non-compliancc M-ith lam's and rcgulation5. Wc dcsign proccdurc5 in linc
Mwith our responsibilities. outlined alJ)i'e. to detect material misstatements in respect of irregularities. including fraud.
Thc cxtcnt to ivhiLh c)ur proccdurcs arc capablc of dctccting irrcgularitics: including fraud is dctailcd bcloii.:
In planning and designing our audit tests. we idenlifj. and assess Ihe risks of material misstatemenl ivithin the financial
statcmcnts, ii'hcthcr duc to fraud or crror. Our as5C5smcnt of thcsc risks includcs considcration of thc naturc of thc
industry. and sector. the conirol eni'ironment and the busine&s pertonnance alono ii-ith the results ot our enquiries of
managLmcnL about thcir idcntification and a55C55mcnt of thc risk5" of irrcgularitics. Wc arc alsu rcquircd to
perfom specific procedures to respond to the risk of management oi'erride.
F'ollo¥i'ing this assessmeni il'e considered ihe oprK)rtunities and inceniii'es that mai e.xisl within the entili, for fraud and
idcntifiLd thc grcatcst potcntial t-or traud in cs"aluating thc tangiblc asscts.
We also obtained an understandin2 of the legal and regulatoTh' frameii.orks that the entits. operates in, through
discussions 14.iih trustees and other managemenL and from our commercial kno1￿[edge and experience of the seclor in
hich the entit). operates. to enable us to identify" the k-ei" laii"s and reoulations applicable to the entity.. We focused on
SPLLifiL lai%'s and rcgulations i1.hich wc considLrcd mai" hai'c a dircct matcrial Lffcct on thc finanLial statL"mL"nts or thc
operations of the entits., includin? the Housino and Re2eneration Act 2008, t&iation legislation, data protection,
anli-bribery.. enwironmenlal and health and safeti" legislaiion.
Pagc 4

The Harcourt Almshouse Charities
Independent Auditor's Report to the Members of The Harcourt Almshouse Charities
(continued)
We then performed audit procedures after consideration of the alM)i'e risk-s iNthich included the tolloH'"ing'.
confimation ofthe existence ofthe almshouse properties held;
ei'aluaiing the approprialeness and consistenc!. ofihe depreciaiion policies applied:
performing anali'tical procedures to identih. an). unusual or unexpected relationships that maN' indicate risks of
malerial misslalemeni due to Iraud:
cnquiring of managcmcnt conccrning actual and wtcntial litigation and claims-
reading minutes ot'meetinos ot"those charoed ii'ith ?oi'ernance: and
in addressing the risk of fraud ihrough managemeni oi"erride of contyols. ￿sting the appropriateness of journal
entries and other adjustments. &ssessino ii"hether the judoements made in makino accounting estimates are indicatii'e
of a wtcntial bias- and cl'aluating thc businc5s rationalc of any significant transactions that arc unusual or outsidc
the nomal course of business.
All engagement team members M'ere informed of the rel￿an1 laii"s and regulations and potential fraud risks at the
planning 5tagc and rcmindcd to rcmain alcrt to an)" indication5 of fraud or non-compliancL" with laws and rcgulatiuns
thr(Fugh(Fut the audit. The engaoement partner ensured that the enoagement team collectivelv had the appropriate
uompelence. capabililies and skills to idenlifi" such items.
Thcrc arL inhcrcnt limitation5 in our audit proccdurcs dcscribcd aboi"c. Thc morc rcmoi.cd that laii"s and rcgulations arc
from financial iransactions. the less likel!. il is thai lye il'ould become aii'are of non-compliance. Auditing standards also
limit the audit procedures required to identili. non-compliance iirith lam's and regulations to enquirn. of the trustees and
other management and the inspection of regulatory. and legal correswbndence, if an)..
Material Miss￿leMents that arise due to fraud can be harder io deleci than those that arise from error as they may
involve deliberate concealment or collusion.
A further description of our reswnsibilities is ai'ailable on the Financial Rep)rting Council's ￿'ebsIte at..
w.frc.org.uwauditorsrcsponsibilitics. This dc5cription forms part of our auditor s rcpK>rt.
Use of report
'I'his report is made solel) lo the associalion boarLL as a bod!. in accordance li ith Part 4 of the Chariiies (Accounts and
Rep(Frts} Regulations 2008 and section 137 ot" Ihe Housino and Reoeneration Act 2008. Our audit Mork has been
undertaken so that i%'e might stale to the associalion s tx)ard Ihose matiers ii"e are required io siale to them in an audilors,
report and for no other purpose. To the fullesi extent ￿M]Itted b!" laii.. i¥e do nol accept or assume responsibility. lo
an￿.one other than ihe association and its tKTrard as a 1x)d￿. lor our audiL ivork: for ihis reporL or for the opinions M'e haiwe
tomed.
Walson Buckle Limited
Statutor¥, Auditor & Chartered Accounlants
Bradford
2510512024
Pagc i

The Harcourt Almshouse Charitie$
Statement of Comprehensfjve Income for the Year Ended 31 December 2023
(Includlng Income and Expendlture Account)
2023
2022
Note
Turnover
28.643
28.377
Administrative expenditure
32.782
29,283
Operatlng sllrplusl(deflclt)
Income from fixed asset investments
Interest receivable and similar income
Movemenls in fair value of financial inslnynenls
(4.139)
,745
542
502
(906)
1.600
120
(1,542)
Surplusl{defi¢it) for th¢ y¢aY
(1,350)
728)
Total comprehen$lve Income for the year
(1,350)
(728
All of the registered social housing providerfs activitie5 derive from continuing operations during the above two periodk
The fmancial statements were approved by the board and authorised for issue on?s-.>...J*.. and signed on th¢ir behalf
Trustee
Truste¢
The notes on pages 10 to 14 form an integral part of these financial sthlements.
Page 6

The Harcourt Almshouse Charities
Balance Sheet as at 31 December 2023
2023
2022
Note
Flxed assets
Tangiblc assets
Investments
317,227
42,939
328,484
41.498
360.166
369,982
Curront gssetg
Debtors
Cash al bank and in hand
2.287
32,331
2,043
27,573
34,618
29.616
Creditors: Amounts falllng due within one ye*r
Net current 8MetJ
(5.264)
(5,144
29,354
24,472
Total Assets less c*rrent liabilitie5
389,520
394,454
Crediiors: Amounts falllng due after nM)Te than one year
io
{14Y,7b5)
(153.J4Y)
Net assets
239,755
241,105
Reserves
Income and expendithre reserve
Unrestricted revaluation reserve
219,970
19.785
221.822
19.283
Total Reserves
239.755
241,105
Thc financial slalements were approved by the board and authorised for issue on .2>... &:¥. and signed on their behalf
by..
Trustee
Trusiee
The notes on pages 10 10 14 fomi an inlegrdl part of these fiDancial stalemenls.
Page 7

The Harcourt Almshouse Charities
Cash Flow Statement for the Year Ended 31 December 2023
Reconciliation of net movement in funds to net cash flDW from operating activities
2023
2022
Net expenditure
Ini'estmeni income
DLprLciation
{Profit) /loss on reiwaluation of filed asset investments
Increase in debtors
Decrease in creditors
(1.3501
(2.287)
1,2)7
{5021
(728)
(1,720)
1,437
I,)42
{277)
(3,344)
(3.464)
Nct cash infloii-
3.410
6.910
Cash flow statement
2023
2022
Net cash infloii. from operaling aell￿'1lLeS
6,910
Returns on investments and servicing of finanee
Interest on cash dep)sits
Income from listed ini'estmen
542
120
1,745
1,600
Capital expenditure and financial investment
Purchase ol. investments
(939)
(858)
Increase in eash in the year
4,7)8
7,772
Reconeiliation of net eash flow to movement in net funds
Increase in cash
4.7)8
7.772
Net funds at l January 202J
27.573
19,801
Nct funds at 31 Dcccmbcr 202)
32.i31
27,)73
All of Ihc cash flo￿.5 arc dcrivcd from continuing opcrations during thc aLK)i-c N'o pcriods.
The notes on pages 10 to 14 forni an integral part of these financial statements.
Pagc 8

The Harcourt Almshouse Charities
Statement of Changes in Reserves as at 31 December 2023
Income and
expenditure
reserve
Revaluatio
reserve
Total
At l January 2022
Surplus/{deficitl for the Tr'ear
Rci'aluation of invc5tmcnts
221.822
19.283
241.105
(1.852)
(1.852)
502
502
Total comprehensive ineome
At 31 December 2023
(1.8521
502
11.)50)
219.970
19.78)
239.755
The notes on pages 10 to 14 forni an integral part of these financial statements.
Pagc 9

The Harcourt Almshouse Charities
Notes to the Financial Statements for tbe Year Ended 31 December 2023
l Accounting policies
General information and statement of eompliance
The charity, is a ￿gIStered social housing proi'ider. registered in F.ngland and Wales.
Charity Registration Number.. 105) l i7
Homcs and Communitics Agcncl" Rcgistration Numbcr: A3996
Almshouse Association Member Number- 1071
Basis of preparatioll and statement of compliance
The financial statements hai'e been prepared in accordance ii'ith applicable accounting standards including Financial
Reporiing Standard 102. the s￿lement of ReLommended Praciice for Social Ilousing ProN"iders 2018. and ivith ihe
Accounting Direction for prii'ate re21Stered proi"iders of social housing in Enoland 2019. The financial statements are
also prepared under the requirements ofthe I lousino and Regeneralion Aci 2008.
Thc financial statcmcnt5 hai'c bccn prcparcd on a going conccrn basis undcr thc historical cost COn￿'CntI0n. modificd to
include certain items at fair value.
The registered social housing provider constitules a public benefit entit). as defined b}, FRS102.
The charitv's fvnclional and presentaiion currenc!, is FK)und sterling.
'I'he significant accounting policies applied in ihe preparaiion of ihese financial stalements are sei oui beloi%,. 'l-hese
policies hai'e been consistentl!, applied io all N'edrs presenied unless otheni.ise stated.
Going concer
'I'he board ionsider that ihere are no maierial uncertainties aboui ihe association's abilili. lo continue as a going concern.
Turnover
Turn0￿.er represents sern'ices charoes receii-able in the l-ear net of seTh'ice charge losses from Noids. and revenue grants
from govcrnmcnt (local authorilic51.
-l-he registered souial housing proi ider Larries the finanLial risk on properl! managed b). agents. Iherefore all the income
and expenditure arising from the properti. is included in the staiement of cOMp￿hensL1'e income.
Grants
Grants from The Ilousing Corporaiion and Ilarrogaie Borough Council are reLeii"ed in respect of The Ilarcourt
Almshouse Charities. These orants are rec02nised at the tair N"alue ot'the asset receiN'ed. Where the assets are accounted
ror using the cost model ihen the goi'emmeni grani is acLounied for using the accruals model. 'l-he dirrerence beim'een
the lair ￿a]u¢ of the asset and the consideration is recognised as a liability. and amortised over the useful economic life
of thc assct. This amortisation is rccogniscd 1s"ithin turnoN"cr.
Pagc 10

The Harcourt Almshouse Charities
Notes to the Financial Statements for tbe Year Ended 31 December 2023 (continued)
Tangible fixed assets
Tanoible tixed assets {includine social housino pro[￿rties) are stated at cost or deemed cost less accumulated
dcprcciation and accumulatcd impairmcnt1055C5. Cost includc5 COSts dircctlj attributablc to mak.ing thc assct capablc of
operaling as intended such as the uosl of acquiring land and buildings. del'elopments costs: interest charges on loans
during thc dcwclopmcnt pcriod and cNpcnditurc on improi'cmcnts. Elpcnditurc on improi-cmcnts ii'ill onl), bc
Uap]￿liSed i¥hen it resulis in incrementhl future benefiis such as increasing rentsl income. reducing mainlenance costs
or resulting in a si_onificant extension of the useful economic life of the propem..
Depreciation is provided on tanoible filed assets so as to iiTite off the cost or Traluation, less any estimated residual
'alue, oi'er their expeuied useful eLonomic life as lo110￿.$=
Asset class
Depreciation method and rate
F.quipment
200/0 Straight line basis
I'-ixlures & fiiiings
IOO/o slraighi line basis
Roofs
20/0 Straight line basis
Doors and windows
3.33Q/o siraight line basis
Kitchens
50/0 slraighL line basis
Bathroom
40/0 Straight linc basis
Boilers
6.670/0 straight line basis
F.lectrical and heating installations
40/0 Straighi line basis
Major comwncnts of housing propcrtics haTr"c bccn accountcd for and dcprcciatcd scparatcl!. from thc conncctcd
housing propertTr. over iheir e.Kptiied useful economic lii"es. "l-he costs of replacing ihese componenls are capilalised in
tull. The costs of partiall!. replacing or repairing these comwnents are charged to the comprehensiwe income.
Investments
InTr'cstmcnts arc rccogniscd initialls." at fair Tr'aluc ii.hich 15 normall!" thc transaction pricc cxcluding transaction costs.
Subsequently. the!, are measured ai fair ￿'alue ihrough Ihe statemeni of comprehensii'e income if the shares are publicl),
tradcd or thcir tair valuc can othcr¥iisc bc mGasurcd rcliabl!". Othcr ini-cstmcnts arc mcasurcd at cost Icss impaimicnt.
Governance eosts
GO￿.eManCe costs include the audit of the financial slatements.
Taxatio
The registered social housin? proTr'ider is considered to pass the tests set out in Para?raph I Schedule 6 of the Finance
Aui 2010 and therefore it meets ihe definilion of a charithble compani. for UK corporaiion purposes. ALcordinglv,
the Charitj. is poientiall!. exempt trom t&xaiion in respect ot income or capital gains receiN'ed iN'ithin cateoories covered
by C".haptcr 3 Pdrt I l of Ihc Corporation Tai Act 2010 or Scction 2)6 of thc T&iation of Chargcablc Gains Act 1992. to
the extent that such income or gains are applied exclusii-elv to charitable purtK)ses.
Debtors
Dcbtors arc rccogniscd initiall). whcn thc!. bccomc duc at thc tra￿￿ctIOn pricc. Thc). arc subscqucntl!, mcasurcd at
amortised cost, less provision for impaim)ent. A proi"ision for impaimient of debiors is established ￿..hen there is
objcctivc ci'idcncc that thc charity. Isill not bc ablc to collcct all amounts duc according to thc oi'iginal tcrnis of thc
debtors.
Cash cash equivalents
Cash and cash cquiN'alcnts comprisc cash on hand and call dcFK)sits. and othcr 5hort-tcrni hiqhl)-. liquid inN'cstmcnts that
are readily convertible to a knO￿n amouni of cash and are subjeci ￿ an insignificanl risk olchange in value.
Pagcll

The Harcourt Almshouse Charities
Notes to the Financial Statements for tbe Year Ended 31 December 2023 (continued)
Creditors
Creditors are obligations to pa!. for good.s and sen-ices that hai-e been acquired bN' the charits.. Creditors are initially
rccogniscd at thc transaction pricc and 5ub5cqucntl!" mcasurcd at amurti5cd c05t.
Finaneial instruments
The registered social housing proi'ider onl). has tinancial assets and tinancial liabilities of a kind that quality as basic
financial instruments. Basic financial instruments are initiallj. recognised at transaction walue and subsequently
measured ai their settlement i'alue.
2 Social housing turnover and costs
2023
2022
Turnover
Service charges receivable
25.059
24,793
Amortised goi'emment grants
Turnover from social housing lettings
28.643
28,377
Administrative expenditure
m￿agLmLnt
Service charge costs
Routine maintenance
Depreciation of housing propenies
Other cos
{4.7JO)
{1.761)
{11.3i6)
{11.2i7)
().678)
(4,141)
11,8061
19,578)
{11,437)
(2,321)
(J2.782)
{29,28))
Operating surplus on social housing lettings
14.lJ9)
{906)
Void losses
199
465
3 Surplus on ordinary activities is stated after ¢hargingl(crediting):
2023
2022
Audit fees
Audit of thc finanLial statcmcnts
Accountanci. tees
750
775
650
10.602
655
625
10,602
835
Depreciation of freehold propert).
Depreciation or rixtures and Iiltings
Amortisation ot goi'"cmmcnt grants
li.)841
{3.i84}
4 Accommodation owned and in management
Number of units
at l January
Number of units
at 31 December
2023
2023
Housing accommodation
Pagc 12

The Harcourt Almshouse Charities
Notes to the Financial Statements for tbe Year Ended 31 December 2023 (continued)
5 Tangible fixed assets
Housing
properties for
etting
PropertTr' plant
and machinery
Tolal
Cost
At l January 2023
408.787
14.149
422,936
At J l December 2023
408.787
14.149
422.936
Depreciation
At l Januan. 2023
Charge for the year
83.)77
10.602
10.875
6)5
94.4)2
1,2)7
At 31 Dcccmbcr 2023
94.179
11.530
105.709
Net book value
At J l December 2023
)14.608
2.619
)17.227
At 31 December 2022
325.210
3.274
328.484
6 Board and key management personnel remuneration and expenses
No Iloard or key managemeni personnel neiiher received nor ￿al￿ed anN' remuneralion during the current or prior )ear.
7 Fixed a55et illve5tmellts
2023
2022
Other inwestmenls
42.939
41.498
Other investments
Listed
investments
Tot21
At l JanuaTr' 2023
Revaliiation
Addition5
41,498
502
939
41,498
502
939
At 31 December 2023
42.939
42,939
Carrying amount
At 31 Dcccmbcr 2023
42.939
42.939
At 31 December 2022
41.498
41.498
The fair walue of listed inNestments is detemined b) reference to the quoted price for identical assets in an active
markct at thc balancc shcct datc. Historical Losts ot-ini"cstmcnts arc £25:907 (2022= £24.9681.
Pagc 13

The Harcourt Almshouse Charities
Notes to the Financial Statements for tbe Year Ended 31 December 2023 (continued)
8 Debtors
2023
2022
Prcpaymcnts
2.287
2.043
9 Creditors: amounts falling due within one year
2023
2022
Accruals
1,680
I,)60
Grants
i.264
5,144
10 Creditors: amounts falling due after one year
2023
2022
I larrogate Borough Council Loan
Grant5
i 0.000
139.765
i 0,000
14J.349
149.765
153.349
Social Housing Grants totallin2 £179:189 hai'c bccn rcccii"cd. This H"ill bc rcpaid if thc propcrtics arc sold. Thc Social
Hoiising Grants are being recognised in income on a s)'slematic basis oi'er the ekpected useful life of the structure (50
'cars).
The Harrogate Borough Council loan is interest free and repa)"able h40 N'ears {24 month5} after the property" ceases to be
let lo the C.ouncil's partner I lousing Association for use as alTordable renfrd housing.
11 Reserves
a} Income and expenditure reserve
The income and expenditure reserl'e represents the cumul*1￿C surplus and deficits nel of other adjustments.
b} Revaluation reserve
Thc rcvaluation rcscrN'c rcprc5cnts thc cumulatc cffcct of rC￿alUatIOnS of thc fixcd asscts ini'cstmcnts.
12 Related party transactions
There were no related parts, transactions in the )'ear.
Pagc 14