Charity Registraiilin Number.. 10551.57 Homes and Communities Agency Regisiratioii Number-. A3996 Almshouse Association Member Number.. 1071 The Harcourt Almshouse Charities Annual Report and Financial Statements for the Year Ei)ded 31 December 2025
The Harcourt Almshouse Charities Contents (continued) Board Report I to2 Independent Auditors, Report 3to5 Statement of Comprehensive Income Balance Sheet Cash Flow Statement Statement of Changes in Reserves NL)tes to the Financial Statsments Ioto 15
The Harcourt Almshouse Charities Board Report The board present the annual report together with the finantial ststenients of the aSslation for the year ended i I December 2025. Members of the Board of Trustees: The members of the Board who have served during the year were as follows.. Rev Jane Ball Mr Shaiin Blades Miss Christine Greensit Mrs Sarah Webster Mr David Broadley Mrs {Elizabeth) Susall Cunliffe-Lister Review of the business: Thi5 year Trustees have contijiued M'ith a programine of plant]ed mait]tenance based on the recommendations from our previous Quinquennial SUTVey in 2021. The next Quinquennial review is due iji 20?6. The Tnjstees consider that the cash flow positioii of the charity is good. Objective5 and strategie5 for achieving those objective5: The Chdrity ain)5 to provide Aln)5house propertie5 for the residents who satisfy the local residential qualifyin¥ criteria under the Charity Coinmissioii Scheme of Artaii¥ement for the Almshousts Charity dated 9t1) Ntsvember 1994. Whenever vaLancie5 arise, these are advertised locally. Wheii Inakin¥ deLi5itsllS about appliLants: the Trustees try to ensure that the accommodation is provided ro those in need of the type of accommodation otTered by the Charity. Principal risks und uncert#inties'. Modern living standards and expectations of local inhabitants have increased sigiiificantly to those applicable when the original Almshouses were built in the mid-victorian era. TrUSeS are aware ol- the political uncertainly over policies relating to rental properties and net zero requirements. Main trends and faetors underlying the development and performanee and position of the Harcourt Almshouse Charities: Despite the principal risks and uncerrainiies highlighted above. the Board remains satisfied that there is still sufficient need for the facilities provided by Almshouses to ensure that the Charity can continue tl) develop on a consistent basis for th¢ foreseeable future. Analvsis using financial and non financial key performance indicators: The Trnstcc% hav¢ a rolling five years financial plan that is monitorcd against actual performance of epch el¢m¢nt i)f the plan on a regular basis. The financial plan su£gc%ts that, after meetin£ iionnal operatin£ costs, a continuing upgrading and maintenan¢e s¢hem¢ of th¢ Almshoiise properties is a¢hievable. Future prospects: In gFeneral tellns the Trustees coiisider that the prospects of the ChaTity remain good. A$5essment of hnw th¢ Harcourt Almshouse Charities are achieving value for money: The H."eekly maintenance charLTe paid by resident5 has remaiiied conslstently below social housing rent guidelines. Trustees decided to ii)¢rease the C.l)arge by 5 10 in Ma>, 2025 and to be revitwed every two years. After Ineetiiig notn)al operating costs there is still a satisfactory margin of funding towards the maintenance and upgrading of the properties. A55e55rnent of compliance with Government and Financial Viability Standard: The TTUStees consider that the Board has Lomplied with Governinei)t and Financial Viability Standards. C(Kle of GoTrernanet- The Trustees govern the Harcourt Almshouse Charities in accordance with the tern)s and conditions of the Charity Commission Scheme of Arrangement tor the Charity dated 9th NovemtEr 1994. The Trustees meet regularlj to detemine housing policies, management issues and the allocation of the properties. and those Meetings are properly minuted. Page I
The Harcourt Almshouse Charities Board Report (CODtinued) IThtern tontrois: As far as the Trust¢¢s ar¢ aware. there are major risks facing th¢ Chariry. The int¢rnal contro15 of the Charity are reviewed and monitored annually. The Board monitors the Cltstity's investsneni p)nfolio on ai least a quarterly b&sis at each Trustees, Meeting and Consider wheth¢r any chall8es are needed. The investments ar¢ maintained in funds specifically (ksignated for ¢harities and g¢ar¢d towards providing income Whil incorpordting long term growtlL Pubtic benefit statement: The TtleeS pay due regard to the Charity Con]1&$10n guidance on Public Benefit aTKI believe thai their provision of social housing within the local conmiutiity Conforn with this guiilaDCe. Finntll revlew The Ttust has gnI £6,813 in repairs and £10,125 on PToperty irnprov¢ments this year. As a result the bank balanc have decreased by £1.040, but th¢ Trusfres fttl thai the Tn is 111 in a g1 position financially. The TnL5tee5 wtll continue io build up the ¢harity's reservcs as #nd wben p)ssible and uses the routine maintetwice for newa15 and regular mainienanc¢. The surplus I Ideficit) for th¢ vear w81 £3.72912024: surplus £8.7081 and the Te5¢rves ofthe Cl]arity ai 31 De¢¢rnber 2025 were £252.19) {?024.. £248.463). Statement of Bo•rds RespoDsibllities The Board is rcswbnsiblc for pr¢parin8 the Rert and the financial sts*ments in accordance with the applicable law and regulations. The registered stKÈal hottsing legiSl10n require the Board to prepare r]nallcial thiements for each financial yeai which give a true and faKr i'iew of the slate of affairs of the aswiatioll of its income and expenditure for that period. In preparing these financial staiemajts. the Board is required io." l¢ct jud8ernents and estimates that reasonthle and prudent: ake judgemertts and eMimales that are reasonable and pnjdeni: 5tat¢ whether applicable accountlDg stsndarts have been followed subjeci any material departures disclos¢d and explained in th¢ finyncial siaiements: and prepare the funcial &ements on the going CODcern basis uDle5S it is inappropriale to presume that the aswiation will continue in business. The Board is reswnsible for k¢¢piDg proper accounting Tecords that di105¢ w¥th reasollable accurncy at any time the fanciaL position of thc association and enable them to ensure that thc financial slatements comply with the Housing and Reseneration Act 2M8 and the Accountsn8 Direction for pnvat¢ rcgÈstrr¢d prowders of social housing in England 2022. It has general ponsIbIlity for tsking reasonable sw)$ io safeguard the asscts of the assoctatioo and to prevent and detect fraud and othcr irregularities. The )ard arc responsible for the MainnanCe and irttwity of the corporate and financial inforn?ation included on th¢ charitable CoMpanS website. Legjslaiion goieming tttc prepardtion an¢J dissemin1On of financial 5tatementb may differ from legislation in other jurÈsdicttons. The anDual rewTrrt was approved by the EMTrard of the asso¢iation on 17 Mawh 2026 and Si8Ded on its behalf by: Trusi¢e Page 2
The Harcourt Almshouse Charities Independent Auditor's Report to the Members of The Hareourt Almshouse Charities Opinion We have audited the financial statements of The Harcourt Almshouse Charities (the 'a55ociation') for the year ended 31 Deceinber 2025. which comprise the Statement of Comprehensive Incoine, Balance Sheet, Cash Flow Statement, and Notes to the Financial Statement5. including a suminary of significant accounting policies. The financial reporting framewoTk that has been applied iii their preparation 15 applicable law and Uiiited Kiiigdom Accounting Standard5, including Finaiicial Reporting Staiidard 102 The Financial Reporting Standard applicable in the UK aiid Republic of Ireland (United KinbFdom Generally Accepted Accounting Practice). In our opinion the financial statements.. give a true and fgir view of the state of the associgtion's affairs as at 31 December 2025 and of its incoming resources alld application of resources, including its income alld expenditure. for the year then ended,. have been properly prepared in accordance with United Kii)gdom Generally Accepted Accounting Practice; and have been prepared in accordance with the reqiiirements of the Charities Act 201 I, the Housing and Regeneration Act 2008 and the Accounting Direciion for private registered providers of social housing in F.ngland 2019. Basis for opinion We conducted our audit in accordance with International Standards on Auditing {UK) (ISAS (UK)) and applicable law. Our responsibilities under those siandards are fiirther described in the auditor responsibilities for the audit of the financial statements section of our report. We are iiidepcndent of the association in accordance 1th the ethical requirements that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion. Conclusion5 relating to going concern In auditing the financial statements, we have concluded that the board's use of the going concem basis of accounting in the preparaiion of the financial statements is appropriate. Based oil the work we have perfortned, we have Iiot identified any Tnaterial uncertainties relating to events or conditions that. individiially or collectively, Inay cast significant doubt 011 the as50ciatioii's ability. to contii)ue as a gFoing concem for a period of at least twelve months from M'hen the oriLFjiial financial 5tatenient5 were authorised for issue. Our responsibilities and the responsibilities of the board with respect to going concern are described in the relevant sections of this report. Other infortnation The board is responsible for the other inforn)atiL)n. The other information comprises the inforn)ation included in the annual report. other than the financial statemenis and our auditor s report iherelin. Our opinion on the financial statements does not cover the other infomiation and. except to the extent otherwise explicitly stated in our report, we do not express any form of gssurance conclusion thereon. In connection with our audit of the financial statements. our responsibility is to read the other inforjnation and, in doing so, consider whether the otl)er infonnation is materially inconsistent with the financial statements or our knoledge obtained in the audit or otherwise appears to be Inaterially misstated. If we identify such material iJiconsistet]cie5 or apparent material misstatements, we are required to determine wl)ether there is a material n)i5Stdtement iii the findnLial stdteineiits or a material n)i5Statemtnt of the other information. If, bi15ed On the w'ork we l)ave perfoTmed, we conclude that there 15 a tnaterial inisstateineiit of this other iiiformdtion. we are required to report that fact. We have nothing to report in this regard. Page i
The Harcourt Almshouse Charities Independent Auditor's Report to the Members of The Hareourt Almshouse Charities (continued) Matters on which we are required to report by exception We have iiothing to report in respect of the followingF matter5 in relation to which the Charities (Accounts and Reports) Regulations 2008 require u5 to report to you if, in our opinion.. the inforn)ation given in the finai)cial statements is inconsisieni iii any material respect with the board report; or sufficient accounting record% have not been kept: or the financial statements are Iiot in agreement with the accounting record5,' or we have not received all the information and explanations w'e require for our audit. In addition, we have nothing to report in respect of Ihe following matter where the Housing and Regeneration Act 2008 requires us to report to you if, in our opinion.. satisfactory system of control over transactions has not beei) maintained. Responsibilities of board As explained more ]lY iii the Statement of Responsibilities (set out on page 2), the board members Im'ho are also the tnistee5 of the association for the purposes of charity law) are re5poiisible for the preparation of the financial statements and for being satisfied that they give a tn]e and fair view. and for such interiial control as the board detennine is necessary, to enable the preparatioii of fiiiancial 5tateinents that are free frotn inaterial mi5Staternent, whether due to frdud or error. In preparing the financial statements. the board is responsible for assessing the association's ability to continue as a going concern, disclosing, as applicable. mailers relaied to going concern and using the going concern basis of accounting unless the board either intend to liquidate the association L)r to cease Liperations, or have no realistic altemative bui to do so. Auditor Re5POllsibilitie5 for the audit of the financial 5tatement5 Our objectives are to obtain reasonable assurance about whether the financial siatements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance M'ith ISAS IUK) ..111 always detect a material mi%statement when it exist%. Mi8%tatcmcnts can ari%e from fraud or error and are collsidered material if, individually or in the aggrcgate. they could reasonably b¢ experted to influence the economi¢ decisions of u%ers taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws [d regulation5. We design procedures in line ith our responsibilities, outlined above, to detect material misstatemei)ts ii) respect of irregularities, ii)cluding fraud. The extent to which our procedures ale eapable of detettii)g irregularities. ii)eludii)g fraud is detailed below". In planning and designing our audit tests. we identify, and assess ihe risks of material misstatement within the financial statements, M,heiher due to fraud Lir error. Our assessment of these risks includes consideration of the nature of the industry and sector, the control environment and the business performance along 1th the results of our enquiries of management: aboui their own identification and assessment of the risks of irregiilarities. We are also required to perform specific procedures to respond to the risk of management override. Following this assessment we considered the opportunities and incentives that may exist .]thin the entiiy for fraud gnd identified the greatest potential for fraud in evaluating the tsngible assets. We also obtained an understsnding of the legal and regulatory frameworks that the entity operates in, through discussions with tn]stees and other management, and from our cominercial know'ledge and experience of the sector in which the entity operates. to enable us to identify the key laws and re(Tiilations applicable to the eiitity. We focused on specific laws and regulations which we considered Tnay have a direct material effect oil the financial stateTneiits or the operations of the entity. includin¥ the Hou5in¥ and Regeneration Act ?008, taxation legislation, data protection, anti-bribery, enviroiiTnental and health and safety le¥islation. Page 4
The Harcourt Almshouse Charities Independent Auditor's Report to the Members of The Hareourt Almshouse Charities (continued) We then perfornjed audit procedures after consideration of the above risks which included the folloiving.. confirnation of the existence of the almshouse properties held,. evaluatinbF the appropriatenes5 and consistency of the depreciation policies applied; perfonning analytical procedures to identify any unusual or unexpected relationships that may indieate risks of material misstatement due to fraud,. enquiring of management concerning actual and potential litigation and claims; reading minutes of meetings of those charged with governance; and in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments. assessing whether the judgements made in making accounting estimates are indicaiive of a poteniial bias,. and evaluating Ihe business rationale of any significani transactions that are unusual or outside the normal course of business. All engagement team members were informed of the relevant laws and re(Tiilations and potential fraud risks at the pla]ining stage and reminded to reTnain alert to any indications of fraud or iion-complia]ice with laws and regulations throu¥hout the audit. The engagement partiier ensured tliat the en¥agtnient team collectivel), had tlie appropriate Copetence, capabilities and Skills to ideiitify such item5. There are inlierent limitAtior15 in our audit procedure5 described above. The more reinoved that laws and regulatior15 are from financial tran5action5. the Itss likely it is that we would become aware of iion-coinpliance. Auditin¥ 5tandard5 also liinit the audit procedures required to identifj. non-compliance '1th lam's and regulation5 to enquiry. of the trustees and other management and the iiispeciion of regulatory and legal correspondence, if any. Material missthtements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A fiirther descriptioii of our responsibilities is available on th¢ Financial Reporting Council's website at.. ..fr¢.arg.ukiauditorsr¢sponsibilities. This description f(Trmis part of our auditor's report. V5e of report This report is made solely to the associaiion board, as a L)ody, in accordance wiih Part 4 of the Charities (AecL)unts and Reports) Regulations ?008 and section 137 of the Housing and Regeneration Act 2008. Our audit work has been undertaken so that we might slate to the association's board those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent permiited by law, we do not accept or assume reS)nSIbIlItY tl) anyone other than the association gnd its board as a body, for our audit work, for this report, or for the opinions we have formed. Wats'oii BuLkle Limited Statutory Auditor & Chartered Accountants Bradford Date.. 17 March 2026 Page 5
The Harcourt Almshouse Charities Statement of Comprehensive Income for the Year Ended 31 December 2025 (Including Income and EIpenditure Account) 2025 2024 Turnover 29.705 28.842 Adrninistrative expenditure 33,790 23,1199 OperatlDg surplu51(dellclt} Incorne from fi.xed a55ei investments Inierest rtt¢ivable and sirnilar I)Me Movements in fair value of fit)8181 instrumcnts {4,0851 2,013 580 5,221 4,943 1,867 1.237 Surplu51ldeficlt) for the ve*r Totsl eomprebensive income lor the year J,729 8.7Q8 3.729 8.708 All of the regisiered social housiDg providerfs a¢tiviiies dl¥t from continuing OatiOnS during the aknve two periods. The fmancial ststements w¢r¢ approved by the b)8rd and authorised for on 17 March 2026 alld signed on their behalf by: Trustee The nOS on pages 10 10 15 forni an inlegrdl part of these finat]cial stst¢ments. Page 6
The Harcourt Almshouse Charlties Balance Sheet as at 31 December 2025 2(125 2024 Note Flxed issets Tangtble assets Investments 300,682 51270 305.970 45,184 351,952 351.154 Current wels Dcbtots C&sh at bank and in hand 2.132 46,742 45.702 48.311 48.874 Creditorg: Anjounts f*llln8 due iihln one yr (5.474) (5.384) Net eurrent assets 42.837 43,490 Total assets les8 current liabillties 394.789 394.644 Creditor5: Amounts falling du¢ after more th•Tr one year 10 (142,5971 {146,181) Net assets 252.192 248.463 Reserve$ Ineome and expenditure res¢r¥e Unre5tricied revaluaiion reserve 225.949 26,243 227.441 21,022 Total Reserves 252.192 248.463 The financial staternenLq were approved by the board aThJ aU)ristd for issue on 17 Marth 2026 and Signed their behalf by.. Trusttt Trustec Th¢ noies on pages 10 10 15 fonll an inlegral part of these finatKÉal ststements. Page 7
The Harcourt Almshouse Charities Cash Flow Statement for the Year Ended 31 Deeember 2025 Reconciliation of net movement in funds to net cash flow from operating activities 2025 2024 Net income Investhient income Depreciatitsn (Profit} Iloss on revaluation of fixed asset investments (Increa5eydecrease in debtors Decrease in creditors 3,729 (2,593) 8,708 (2,528) 11,257 (1,237) 155 (5,221) (477) (3.494) 3.89? (3,464) {Profit}..'loss oll disposal of tangible fixed assets Net cash inflow 7,357 12.891 Cash flow statement 2025 2024 Net cash inflow from operating activities 7.357 12,891 Returns on investments and servieing of finance Interest on cash deposits Income from listed investments 580 661 1.867 Capital expenditure and financial investment PurLha5e of tiingible fixed dssets Purchase of investments {10,125) (865) (1,008) {10,990) (1.008 (Deereast)/inerease in cash in tbe year (1.040) 14,411 Rteoneiliation of net cash flow to movement in net funds (Decreasellincrease in cash (1,040) 14.411 Net funds at l January 2025 46,742 i2.331 Net funds at J l December 2025 45,702 46,742 All of the cash flows are derived from continuing operations during the above two periods. The iiote5 On pages 10 to 15 form an integral part of these finaiicial statements. Pa¥e 8
The Harcourt Almshouse Charities Statement of Changes in Reserves as at 31 December 2025 Income and expenditure re5ern'e Revaluation reserve Total At l January 2024 Surplusl(deficit) for the year Revaluation of investments 227,441 (1,49?) 21,022 248,463 (1,492) 5,221 5.221 Total eomprehensive income At 31 December 2025 (1,492) 295.949 5,221 26,243 259 192 The iiote5 On pages 10 to 15 form an integral part of these finaiicial statements. Pa¥e 9
The Harcourt Almshouse Charities Notes to the Financial Statements for the Year Ended 31 Deeember 2025 l Accounting policies General information and gtatement of eomplianee The chariry is a rc£istcred %ocial housing providcr, registered in England and Wales. Charitv Regi5tratioii Number.. 1055157 Home5 aiid Cominiii)ities Agency Registration Nuinber.. A3996 Almshouse Association Member Number= 1071 Basis of preparation and statement of eomplianee The financial statemeiits have been prepared iii accordance with applicable accounting standards it]cluding Financial Reporting Standard 102, the Statement of Recommended Practice for Social Housing Providers 2018, and with the Accounting Directioii foi private rtgistered providers of social housing li) Ei)¥land 2022. The financial stateineiits are also prepared under the requiiements of the Htsusing and Regeneration Act 2008. The financial staten)ents have been prepared ot) a going concen) basis under the historical cost convention, modified to include certain items at fair value. The registered social housing provider constitutes a public benefit entity as defined by FRS102. The charity's functional and presentation currency is pound sterling. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consisienil}' applied to all years preSend unless otherwise stated. Going concern The board consider that there are no material uncertainties about the association's ability to continue as a going concern. Turnover Turnover represents services charges receivable in the year net of service charge losses from voids, and revenue grants from government (local authorities). The registered social housing provider carries the financial risk on property managed by. agents, th¢refore all th¢ incom¢ and expejiditllre arising from the property is includ¢d iii Ihe statement of ¢omprchcnsive in¢ome. DuNution& legacies Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured. Grants Grants from The Housing Corporation and Harrogate Borou0) Council are received in respect of The Harcourt Almshouse Charities. 'Ihcse grants are recognised at the fair value of the asset received. Where the assets are accoiinted for using the cost model theii the governmcnt grant is accounted for usin£ the accruals model. The difference between the fair value of the asset and the considcration is recognised as a liability and amortlsed over the useful economic life of th¢ asset. This amortisation is recognised within tllrnover. Page 10
The Harcourt Almshouse Charities Notes lo the Financial Statements for the Year Ended 31 December 2025 (continued) Tangible fixed assets TaiiLFible fixed asset5 (includiiig social housing propertie5) are stated at cost or deemed cost les5 accumulated depreciatioii and accuinulated impainnent 105se5. Cost includes costs directly attributable to making the asset capable of operatii)gF as intei)ded such as the c05t of acquiriiig land and biiildiiigs, developments costs, interest chargFe5 on loans diirinL the development period and expenditure on improveTnents. Ekpeiiditure on improvements will only be capitalised when it result5 iii incremental fiiture benefits such a5 iiicreasiiigF rental income, reduciiig Inaintenance costs or resulting in a significant exteiision of the useful ecoiiomic life of the property. Depreciation is provided on tsn&Tible fixed assets so as to write off the cost or valuation. less any estimated residual value: over their expected useful ecoiiomic life as folloivs.. Asset elass Depreciation method and rate Equipmei)t 200/0 Straigjht line basis Fixtures & fittings IOO/o Straight liiie basis Roofs 20/0 Straight line basis Doors and windows i.i3 /0 Straight line basis Kitchens 5 % straight line basis Bathroom 4Q/o Strai¥ht line basi5 Boilers 6.670/0 5traiLFht line ba5lS Electrical and heating installations 4010 Strdight line basis Major components of housing properties have been accounted for and depreciated separntely from the connected housing propert!, over their e.¥pecied uselul economic lives. The costs ol'replacing these components are capitalised in full. The costs of partially replacing or repairing ihese components are charged io the comprehensive income. Investments Investmtnts are recognised initially at fair value which is ntsTmally the trai)sactioi) price ex¢ludii)g tiansaLtion costs. Subsequently, they are measuied at fair value through the statement of coinprehensive income ilthe shales are publicly traded or theii fair value Cali othetwise be n)easured reliably. Other investments ale measuied at Cost less iinpainnei)t. Governanee costs Governance costs include the audit of the financial statements. Taxation The registered social housing provider is considered to pass the tests set oui in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meeis ihe definition of a charitable company for UK corporaiion tax purposes. Accordingly, Ihe Charity is poieniially exempt from iaxation in respect of income or capital gains received within categories covered by Chapter 3 Part I l of the Corporation Tax Act 2010 or Sectilin 256 of the Taxation of Chargeable Gains Act 1992. ro the exient that such income or gains are applied exclusively to charitable purposes. Debtors Debtors are recognised initially when they become due at the transactilin price. They are subsequently measured at amortised cosL less provision for impaimient. A provision for impairment of debtors is established M'hen there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the debtors. Cash and cash equivalents Cash and cash eqiiivalents comprise cash oil hand and call deposits, and other short-temi highly liquid investments that are readily ¢onvertible to a known amount of cash and are subje¢t to an insignifi¢gnt risk of change iii vallle. Page 11
The Harcourt Almshouse Charities Notes lo the Financial Statements for the Year Ended 31 December 2025 (continued) Creditors Creditors are obligation5 to pay for good5 and Services that have beeii acquired by the charity. Creditor5 are initially recogFnised at the transaction price and subsequently measured at amortised cost. Financial instruments The registered social housing provider only has finaiicial assets and financial liabilities of a kind that qualify a5 ba51C financial instruinents. Basic financial iiistruments are initially recognised at transaction value and subseqiiently measured at their settleTnent value. 2 Social housing turnover and Costs 2025 2024 Turnover Service charges receivable Appeals and donations Amortised governmeni grants 25,550 571 3.584 3.584 Turnover from social housing Idtings 29,705 28,842 Adfftini5trative expenditure Manageineiit Service charue costs Routine maintenance Depreciation of housing properties Other costs 16.112) 12, Ioi) 16,81i} (4.950) (1,944) (3,020) (11,257) 2,728 17,241 (i3,790} (23,899) Operating Surplus on 50¢ial housing leltings 14,085) 4,943 Void losses 550 3 Surplu5 on ordinary activitie5 15 stated after chargingl(erediting): 2025 2024 Audit fees Audit of the financial statements Accouiitsncy fees Depreciatilin of freehold property Depreciatilin of fixtures and fiitings Amortisation of govemment grai)ts 850 800 725 10,866 655 700 10.602 655 3,584 3,5841 Page 12
The Harcourt Almshouse Charities Notes lo the Financial Statements for the Year Ended 31 December 2025 (continued) 4 Accommodation owned and in management Number of units Number of units at l January 2025 31 Deeember 2025 HL)using accommodation 5 Tangible fixed assets Hou5iNg propertie5 for letting Property plant and machinery Total Cost At l January 2025 Additions Disposals 408,787 10,125 4,863 14,149 422,936 10,125 (4,863) At 31 December 2025 414,049 14.149 428,198 Depreciation At l January 2025 Charge for the >'ear Elimii)ated on disposa15 104,781 10,866 12,185 655 116,966 (971) At 31 December 2025 114,676 127,516 Net book value At i l DeLember 2025 299,373 1,309 300,682 At 31 December 20?4 304,006 1,964 305,970 6 Board and key management personnel remuneratioll and expenses No Board or key management personnel neither received nor waived any remuneration during the current or prior year. Page 13
The Harcourt Almshouse Charities Notes lo the Financial Statements for the Year Ended 31 December 2025 (continued) 7 Fixed asset investments 2025 2024 Other investments 45.184 Other investments Listed ini'estments Total Valll#tion At l January 2025 Revaluation Additions 45.184 5.221 865 45.184 865 At 31 December 2025 51,270 Carrying amount At i l December 2025 51,270 51,270 At i l December 2024 45,184 45,184 The fair value of listed investments is detemiined by reference to the quoted price for identical assets in an active marf<et at the balance sheet date. Historical costs of investments are £?7,780 {?024'. £26,915). 8 Debtor5 2025 2024 Prepayments 2,609 2,132 9 Creditor5: amounts f211ing due within one year 2025 2024 AccTuals 1,890 i,584 1.800 3,584 Grants 5,474 5.384 Page 14
The Harcourt Almshouse Charities Notes lo the Financial Statements for the Year Ended 31 December 2025 (continued) 10 Creditors: amounts falling due after one year 2025 2024 Harrogaie Borough Council Loan Grants 10,000 13? 597 10,000 142,597 146,181 Social Housing Grants totslling £179,189 hav¢ been received. This will be repaid if the properries are sold. The Swial Hollsing Grants are being recognised in incom¢ on a systematic basis over the ¢xp¢ct¢d useful life of th¢ stru¢tiire150 }'ears}. The HatTogate Borough Council loan is interest free and repayable two year5124 months) after the property ceases to be let to the Council's partner Housing Association for use a5 affordable reiited h0115ing. I l Reserves a) Income and expenditure reserve The income and expendiiure reserve represents the Cumulative surplus and deficiis net of other adjustments. b) Revaluation reserve The revaluation reserve represenis the cumulate effect of revaluations of the fixed assets investments. 12 Related party tran5act10115 There 'ere no related party transactions in the year. Page 15