HOLY TRINITY PROPERTIES TRUST ACCOUNTS FOR THE YEAR E]¥DED 31 DECEMBER 2024 CONTF.wrs PAGE TRUSTEES RF.PORT RECEIPTS AND PAYMENTS ACCOUNT BALANCE SHEET NOTES TO T14[ ACcOU￿s INDEPENDENT EXAMTNER'S REPORT Report of the Trustees of Holy Trinity Properties for the year ending 31 December 2024 Property The trustees continue to administer four flats known as 6, 6￿ 8 & 8a Kirkby Road, Ripon. Title to the property is registered in the trnstees, names at the Land R¢gistry. Busllles8 during the year The trustees met on 5 occasions during 2024. Occupancy levels continue &s full. The Major expenditure for the year was the window replacement to the front elevations of 41ats 6 and 8A and the refurbishment to the bathroom ot. Flat 8. In addition, there have been major repairs to the drains with th¢ lining of pipes and new Lyulleys. The maintenance and improvement to the properties to secur¢ their long-tcrm future has been the main priority. Legal matters The trust's registered number is: 1123197. Solicitor8 Eccles Heddon. 5 Westgate, Ripo￿ HG4 2AT Accountants D & J Randles, 4 The Crescent, Adel, Leeds. LS 16 6AA Letting Agent8 Linley & Simp80n Residential Lettings. 30 North Street, Ripon, HG4 IHJ Bankers Nat West, 3 Cambridge Crescent, Harrogate, North Yorkghire, HGI I PE Trustees R. Thew (chair), D. David, S. Cromptoffj M. Warner Page I HOLY TR￿Try PROPERTIES TRUST RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted funds 2024 Unrestricted funds 2023 RECEIPTS: Rents NYC Support Dividends & interest from CCLA Investhient 40,221 35,307 14,644 1,266 962 TOTAL RECEIPTS 41,183 51,218 LESS.. PAYMENTS: Council tsx refvnd Insurance Gas & electric testing Gardening Refurbishment of Flat 6 Refurbishment of Flat 8A Refurbishinent of Flat 8 Repairs & maintenance Maintenance drainage and cowl .Legal & pi'ofessional Agent fees Refugee Support (182) 1,594 4,202 4,630 8,129 12,772 1,969 1.458 3,582 13,787 1,355 5,315 8,592 17,282 240 4,367 7,473 444 4,53J 1,708 TOTAL PAYMENTS 67,947 45,301 NET (DEFIcrr)ISURPLUS FOR THE YEAR (26,765) 5,916 ADD: OPENING BANK AND BuILD￿c SOC BALANCES 42,394 36,478 CLOSING BAIIIK AND BUILDING SOC BALANCES Page 2 HOLY TRINITY PROPERTIES TRUST BALANCE SHEET FOR THE YEAR KNDKD 31 DECEMBER 2024 lJnrestricted funds 2024 Unrestricted funds 2023 TANGIBLE FIXED ASSETS Freehold property 700,000 700,000 CURRENT ASSETS C B F Deposit Account 5,869 17,906 CCLA Ethical Investment funds 2,415.14 (2023 - 7,222.84) Income units (Market value as at 31.12.24 - £7,469 (2023 - £21,741) 2,000 17,000 Natwest Bank 6,415 6,738 Funds Held by Letting Agents 1,346 750 NET CURRENT ASSETS 15,630 42,394 TOTAL ASSETS 715,630 742,394 FINANCED BY. RESERVF,S: OPENING BALANCE 542,394 536,478 NET (DEFICITYSURPLUS FOR THE YEAR (26,765} 5,916 CLOStNG BALANCE 515,630 542.394 REVALUATION RESERVE.. OPENINCJ AND CLOSTNG BALANCE 200,000 200,000 TOTAL RESERVES 715,630 742,394 Approved by the Truste&s on: Signed R THEW CHAIR MA WARN TREASURER Page 3 HOLY TRtNITY PROPERTIES TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 CHARITY REGISTRATION The Trust was registered as a Charity on 14 March 2008 with registration numb¢r 1123197. The Trustees during tlie year and to the date of this R¢port are as follows: R Thew S E Crompton M A Warner D David BASIS OF PREPARATION OF I"HE ACCOUN'rs The a￿oUnts have been pr¢pared in cot71pliance with the Chariti¢s Act 1993 and the r¢quirem¢nts of the Stateinent of R¢commended Practic¢: Accouiiiing for Charities. ACCOUNI'ING POLIC,IES The accounts have been pr¢par¢d on a receipts and paynients basis. The Trust's freehold investment property was revalued by the Tnjstees as at 31 De￿Inber 2013 to moi'¢ accurately retlect its op¢n Inark¢t value. Pag¢ 4 HOLY TRINITY PROPERTY TRUSTEES INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 I report on the accounts of the Trust for the year ended 31 December 2024, which are set out on pages 2 to 4. Respective responsibilities of trustees and examiner -rhe trustees are responsible for the preparation of the accounts and consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 ("the 1993 Act") and that an indepeiident examination is needed. It is my responsibility to: examine the accounts (under section 43(3)(a) of the 1993 Act. to follow the procedures laid down Én the General Directions given by the Charity C'omniission (under section 43(7)(b) of the 1993 Act); and to state whether particular matters have come to my attention Basis of independent examiner's report My examination was carried out in aLcordance with the Gencral Directions giveii by the Charity Commission. An examination includes a review of the accounting records kept by the Trusl and a comparison ofihe accounts prescntLd with those I'ecords. It also includes Lonsideration of any unusual items or disclosurc5 in the accounts and seekingy explanations form you as Trustees concLrningJ such matters. The procedures undertaken do not provide all the evidence that would be required in