Charliy regIStra￿On number 1139580
Company re8iStratTron number 7277557
Homes and Conwnunltles Agenty reglstration number 4695
Hackney Parish Almshouses
Charity
Annual report and financial statements
For the year ended 31 December 2023

Hackney Par15h Almshouse5 Charlty
Legal and adminlstrative inforniati
Charity number
1139580
Company number
07277557
Homes and Cornnunitie5 Agenry
registratlon number
4695
Dlrectors and trustees
MrJonathan Jarrett (Chairman)
Mr Peter Ottino- resigned 29 Aprfl 2023
Councillor Margaret Gordon
Mrs Joannie Andrews
Mr Datoru Ben Paupworika
Rev Al Gordon
Rev Andrew Wilson
Mrs OINia Gordon
Mr John Pamiiter
Ms Jacqueline Driver
Coun¢illor Penny Wrout
Rev Nathan Hayes- appointed 30 November 2023
Clerk io the trustees
The Trust Partnership
Regtstered
6 Tnjll Farm Buildings
Tetbury
Gloucestershire
GL8 8SQ
Independent auditors
Dunklerfs
Woodlands Grange
Woodlands Bradlev
Stoke Bristol
BS32 4JY
Bankers
HSBC Bank PIC
2 Cheapside High Road
Wood Green
London
N22 6HJ

Hackney Parlsh Almshouses Charfty
Contents
Page
Report of the trustees
Report ol the audltors
8-10
Statement of financial activitie5
11-12
Balance sheet
13
Statement of cash flows
14
Notes to the accounts
15-24
Detailed statement of financial actNitiÈs

Hackney Parlsh Almshouses Charity
Trustees annual report forthe year ended 31 December 2023
Introductlon
The Hackney Parish Almshouses Charity is an incorporated Charitable Company Lsmited by Guarantee. Prior
to incorporation. the chartties comprised two separate entities= one known as Dr Spurstowe and Bishop
Wcrt)d Almshouses and the other known as NOrr￿ and Mongers Almshouses. The Hackney Parish
Almshouses Charity provides forty-six homes located on three separate sites within the London Borough of
Hackney.
Mongers almshouses are located near the church of St john of Jerusalem. They were origÈnally created from
a bequestfrom Henry Monger in 1669. The almshouses were rebuilt in the 18W5, with funds from Sir John
Ca5s's Foundation. and later extended in 1997.
Norris House almshouse was founded in 1857 in memory of Sotrth Hackney's first rector, Henry Handley
Norris11771-18501. Norris was a leading member of the Hackney Phalanx. a group of early nineteenth-
century Anglican High Churchmen. The almshouses were rebuilt in 1967 and subsequently refurbished in
2c￿l2.
Dr Spurstowe House 15 an almshouse comprising thirty-one flats located in Navarirho Road, central Hackney
and is the modern-day CLslmination of two historic charities each wth their own almshouses. In 1666. the
Reverend Dr William Spurstowe. vicar of Hackney. built 3lmshouse5 in Mare Street an(i his brother, Henry,
endowed the Chartty additional landlater gifted. with the almshouses, to the manor of Kings Hold in
1667. The Dr Spurstowe (harity took over administration of the historic Bishop Wood Almshouses. Lower
Clacton in 1906. 0ri8inally these almshouses were built in the late 16LK>'s with funds left in the will of
Hackney born Thomas Wood, Bishop of Lichfield. They were sold in 2015 to help fund the new almshouses
in Navarino Road.
Objectives and Activities
The objett of the Charity is the provision and maintenance of almshoLtse accommodation for local people In
financial need. In exceptional circumstances, a resident fTbay be appointed who meets the financial need
criteria but lives outside the area of benefit. The number of residènts appointed under this exception must
not exceed one third oFthe total number of residents.
Trustees are pleasÈd to report that the agreed objectives above have been satisfied and a healthy financial
position has been maintalned to allow future planning and sustainability.
Public Benefit
In carrying out the ChariVs objertives. Trustees have had regard to the Charity Commission's guidance on
Public Benefit. Givèn that the purpose of the Charsty is the relief of povemi, only the benefit aspect of
"public benefiy, require5 satisfying in an identrfiable way. Trustees are satisfied that the continuous demand
for the affordable housing demonstrates this test is met.
Achlevements & Performance
Maintainin
Almshouses
Providing and maintaining the almshouses is the main activity of the Charity. In the period up to 31
December 2023. Property Costs comprised 73%12022 71%) of the total expenditure with the balance split
between governance costs 13%12022 18%) and loan interest 14%12022 11%). Examination of the Propety
Cost5 shows more than two thirds laround 87%, or £323,904.. 2022 £207.3671 was spent on Repèirs and
Maintenance which includes the provision of a warden. cleaning and gardening. Trustees consi(ler the
prov15ion of a warden as central to resident welfare. ￿m$hOuse Trustees have 3 duty of care towards the
beneficiaries which is considered in more detail below.
Page i

Hackney Parish Almshouses Charlty
Tru5tee5 annual report forthe year ended 311)ecember 2023
The Trust Partnership provides the day-to-day property management and resident weffare function.
Responsive repairs are reported by the resident to the adminlstrator and outsourced to a variety of 5ub-
contractors. Progress Is monitored and reported to Trustees at quarterfy board meeting5 along with
Management Accounts showing expenditure. Cydical maintenance and planned repairs are budgeted for
and reported on within the Management Accoun
Provision of Almshouse Accommodation
Hackney Parish Almshouses Charwty 15 a soaal housing provider registered wtth, and regulated by, the
Regulator of Social Housing as wèll as the Charity Commission. The Charity is a member of The Almshouse
A5soaation.
Trustees are aware of their duty of care to the residents as beneficiaries of the Charity and under the Care
Act 2014. Resident welfare. Including safeguardiw is central to the artivities within the Charity and the
provision of a warden acting as a good neighbour, visiting residents regularfy and calling on them monthly
to carry out safety check5 such as smoke detertortestlng allows Trustees to monitor resident welfare.
Day to day management is carried by The Trust Partnership. who employ5 the warden and provide5
clerking 3nd administrative functions. Wrthin the breakdown of expenditure, the fees payable to The Trust
Partnership are spllt into management and derking functions representing 65% 12022 65%) of the
Governance Costs. The warden's costs are accounted for within Property Cost5. Report5 on the almshouse
anagement are made quarterly to the Trustees. board meeting. Decisions are made by The Trust
Partnership under an approved delegated authority procedure.
The Pastoral Committee. made up of Trustees with delegated authority for resident allocation and social
functions. meets regularly to ensure the Trustees, duty of care 15 monitored and upheld. Reports are made
to the quarterly Tru5tees' kxjard meetings. Residents, meetings are held at least once a year, and a regular
newsletter is produced. Christmas and mid-summer resident parties are part of the social calendar and paid
for by the Charity. In addition. the Le831 & Governance Commtttee meets to ensure regulatory compliance
and the Property Committee oversees property management.
Relief of Flnancial Hardshl
The governing documents. most notably the ArtKles of Association dated 19, January 2017. allow for the
Trustees to make it a condition of a residenys appointment that contributions to the maintenance of the
property should be made. The contribution, known as the Weekw Maintenance Contribution IWMCI, is set
by Trustees annually in accordance with the formula given by the Regulator of Social Housing. Trustees also
reques1 a monthly Service Charge to cover non-housing related expendtture. This charge is reviewed
annually based on the actual costs within the previou5 year.
The level of WMC and Service Charge is setwithin the context of regulated social housing. Residents unable
to pay are signposted to the Borough of Hackney for assessment and assistan￿.
Financlal Revlew
The Financial Ststements
The Finanaal 5tatement5 show total expenditure on charf(able activities of £508,73412022 £368,902) of
which £372,32012022 £262,5021 relate5 to Property Costs which have been itemised above in Maintaining
Almshouses. Governance costs represent £66.953 (2022 £65,357) which includes outsourced clerkin&
administration and accountancy fees as well as professional fees and trustee insurance.
Pa8e 2

Hackney Parlsh Almshouses Charlty
Trustees annual report for the year ended 31 December 2023 Icontlnued)
The income forthe year is £437.03312022 £364,996) ofwhich £340.01612022 £327.9751 ￿ from the Weekly
Maintenance COntrib￿lOn5 IWMC) and Service Charges pai(J by the almsh)use residents. The Chartty is
social housing provider regulated bythe Regulatorof &)cial Housing IRSHI. Assuch the level of contributions
must follow the regulatorfs guidance 3nd annual increases can only be made within the Ilmitsof the for￿ula
provided. Service Charges are based upon the artual costs during the preceding year.
Tangible Fixed Assets relate to the three sets of almshovses and are valued at £12,260,￿0 12022
£12,260,000) based on valuations in 2015 and 2017 (net of the HCA grant for the building of Dr Spurstowe
House).
Maintenance debtors net of credits have decreased on 2022. stsnding at £1,291 in 202312022 £6,051) with
prepayments being £8.870 {2022 £7.5501. AII WMC arrears are subjert to an active recovery plan.
In managing the WMC debtors. Trustees are aware of extemal factors that may impact indNidual residents
to repay in a timely way.. The pandemK affected resident's employment opportuntties which impacted their
income. Trustees have noted that the numberof residents now in receipt of the Housing Benefit has Intreased
significantly and the impact of the ongoing cosi of living challenges. The Charity continues to work alongsidè
LB Hackney to rectify long standing issues that were Eenerated after the catastrophic data breach in 2021. A
majority of issues have been resolved but there are still some backdated issues that Still require resolution.
The situation is revièwed regular￿.
Investment Poli
xed Asset Investments are valued at the year-end as £2W.41112022 £2,769,7671 and are held as cash or
withln funds managed by the National AlfflslK)use Association Common Investment Fund INAACIFI or the
Charities Invèstment Fund ICOIFI managed by CCLA. The Trustees, objective 15 to invest funds in order to
maximise financial return and capitsl growth within an acceptable risk. to balance the income and capital
return.
Trustees are consldering whether to re(levelop or refurbish one of three current almshouse blocks. A final
decision has yet to be made and, as a result, the funds held within COIF are held a5 cash for the purposes of
liquidity. Trustees do not consider this to be 3 signifK3nt risk in the form of lost income given the Current
economic climate as a result of the pandemic and the imminerbt decision regarding the propeTty. During
2021, trustees commissioned a feasibility study into the redevelopment of Norris House. The outcome of
that study has highlighted the need fDr addttional funding andlor partnership working in order to progress.
Trustees are actively investigating options.
The proportion of the residenW contribution5 representing Extraordinary Repairs has been invested in COIF
and NAACIF.
Referen￿ in the Financial Statement5 to South Had(rw Parochial Charity ISHPC) Dowry of £179.152 refers
to a Designated Fund set up specifically to assist HPAC to undertake repairs and maintenance of the Norris
and Monger almshouses when they weretransfetred in March 2017. Funds used from this dowry. originally
£270,000, are expendable.
eseNes
Funds reported within the Balan￿ Sheet are considered in detail in the Note5 accompanying the Financial
Statements (Note 9}. Trustees have detemined that £531,767 isthe minimum level of Un￿StrICted general
funds required to meet routine almshouse maintenante in the short to medium term. As at 31 December
2023, the Charity had totsl unrestrirted funds amounting to £825,432, restrirted funds amounting to

Hackney Parish Almshouses Charity
Trustees ann￿1 report for the year ended 31 December 2023 {continued)
£613,701 and endowment funds Ipredominantfy comprising the almshouse buildings) of £12,110,369. The
trustees are therefore satisfied thattheir reserves ulteria have been met.
Value for Mone
Metrics
The Re8ulator of Social Housing requires all registered provider5 to report on the following metric5'.
Metric
2023
2022
Reinvestment
New supply delivered
Gearing
EBITDA MRI IEBtTDA Major Rep3irs Included) Interest cover %
Headline Social Housing costs per unit
Operating Margin ISL￿131 lettingsl
Operating Margln Ioveralll
ROCE%
3.04%
2.14%
7.3%
-23.9%
8,094
109.5%
116.4%
7.6%
49.5%
5,707
80.0%
ioi.i%
-0.03%
6a
6b
-0.50%
The metrics do not lend themselves to comparison wtth other small registered providers and benchmarking
would be of most relevance wwth data from other almshouses. Small change5 can have a disproportionate
effect upon the figures.
Preliminary conclusions from the metric above indicate that the costs per unit for repaSts and maintenance
exceeded the budget of £1.913 based on The Almshouse Association's Outline budgèt. This is, irb part, due to
exceptional repair costs for Dr Spurstowe House. a relattvely build and repairs at Norris and Mongers
almshouses, being older properties.
Risk Management
The Risk Register is considered by Trustees at every meeting and the pÈrfomance of mitigating measures is
monitored.
Recent correspondence from M&G Investment managers has confirmed that the income and capital yield
from investments is likely to continue to be adverse￿ affected in the next year but the asset allocation will
benefit from an improving UK equities and bond market. The reserves wtthin the Charity are considered
sufficient to ensure continuation of the Charitys activities wthin the shortto medium term.
Notwithstanding the current economic uncertainlies. the risks faang the Charity are considered in temis of
govemance, finano. operational and external factors. as follows..
Governance
The impact of the governmenvs care at home policy and the inclusion of social housing providers within the
Care Act 2014 has introtluced an additional responsibility on Trustees to ensure, 3s far as possible. that
residents are supported. Measures such as warden provision and ￿sIdent-re￿ated policies help to mitigate
the risk.
Additional responsibilities imposed by regulatory Ixjdies, and best practi￿ guidance, are dosely monitored
and addressed at the reBular Trustee meetings.
Pa8e 4

Hackney Parlsh AJm5houses Charity
Trustees annual report lorthe year ended 31 December 20231continued)
inance
The income from charitable actNities. investment income and interest received continues to exceed
expenditure but continuing regard is had to the potential threat to the value of. and income from. the
investment portfolio as a result of general market force5 and from the Covi&19 pandemic.
Weekly Maintenance Contribution5 alone are sufficient to sustsin a¥er3ge yearW spend on property upkeep
and govemance. Increa5e5 in contribution charges are subject to regulation to ensure beneficiarie5 are not
placed into hardship by excessive charging above local housing allowan￿ targets. Resident arre3rs are
contained through prompt action and signp05ting support.
Trustees are mindful of the interest payments on thè loan for the redevelopment of Dr Spurstowe House
alm5hou5es and are considering repayment of the loan within the coming years.
Trustees consider that resetves are 5Lrffiaentto ensure the long-temi sustainabilty of the Charity-
erational
Minimising the loss of income from voids is achieved by efficient turnaround of vacant almshDuses and
maintenance of a register gf eligible applicants.
External F
ors
The cOnsequen￿S of changing government policy espeaally in relation to unforeseen factors, such as Covid-
19 oras a result of general housing or soaal care-related legislation. are monitored. The Trustees are aware
of the changing policy in relation to social housing regulations and the impact this will have on monitoring
and seryice delivery.
Trustees are also aware tha¢ overtime. the expettations of the benefiaary group may change especially in
relation to the property facilities. As longevity increases. demand for disabled access increases. Trustees
are mindful of the changing requirements which have been included in the Norris development proposals
currently at the feasibility stage as well as during void tumaround.
Plans forthe Future
Since 2021. Trustees have explored the feasibility of redeveloping Norris House and continue to explo
partnership options. as well as other wtential fvnding opportunities through Homes England, LB Hackney
and thè Greater London Assembly
Structure Governance and Management
The Articles governing the Hackney Parish ￿mShoU$e$ Charrty specifythatthere shall be between eight and
fourteen Trustees who will act as both Trustees and Members of the Charity. The Trustees who have sèrved
during the years are set out on the legal and administrative information page.
Page 5

Hackney Parlsh Almshouses Charfty
Trustees annual report forthe year ended 31 December Zl)23 {cwrtlnuedl
The Trustees are appointed as follows:
Two ex-officio Trustee5 being the Rertors for the time being of the parlshes of Hackney and St John of
Jerusalem Church. both in the London Borough of Hackney.
SIX nominated Trusteès.. two appointed by the London BDrough of Hackney, two by the PCC of the parish of
Hackney Church and two appointed by the PCC ot St John of Jerusalem.
No more than six Co-opted Trustees being individuals appointed by the resolution of the Trustees.
The temi of office of a Nominated Trustee shall be four years and for a Co-opted Trustee the term shall
five years.
The Chair and the Clerk are responsible for inducting new Trustees which involves awareness of a Trustee'5
responsibilities, the governing documents, adminlstratNe procedures and the history of the Charity.
The 2017 Charfcies Code of Governance provides the basis forTrustee performance.
All Trustees are volunteer5 and are not remunerated.
Ke
Mana
ement Personnel
Trustees comprise the key management of the Charity and are responsible for the overall dirertion and
running of the organisation. Tnjstees employ The Trust Partnership to manage the Charit￿5 day to day
activities and to provide administration a55iStance to the Trustees.
Statement of trustee< responsibil￿e$
The trustees arè responsible for preparing the Trustee￿ Report and the financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom General
Accepted Accounting Prarticel.
The law applicable to charities in England & Wales requires the trustees to pfftpare financial statements
for each financial year which give a true and fairview of the state of affairs of the charity and of the incoming
resources and application of resourcesof the charityforthat period. In preparing these financial statements,
the trustee5 are required to..
selert suitable accounting ￿lIcIeS and then applythem consistendy-
observe the methods and principles in the Charities SORP:
make judgements and estimates that are reasonable and prudent-
state whether applicable accounting stsnilards have been followed. subject to any material
departures disclosed and explained in the financial statements-
prepare the financial statements on the going concern basis unless It is inappropriate to presume
that the charity will continue in busines5.
The trustees are resF)on5ible for keeping proper accounting records that disclose with reasonable accuracy
at any time the financial position of the Company and which enable them to ensure that the financial
statements comply with the Companies Att 2(M)6. They are also responsible for safeguarding the a55ets of
thè company and hence for taking reasonable Steps for the prevention and detection of fraud and other
irregularities.
Page 6

Hatkney Pansh Almshouse5 Charity
Trustees annual report forthe year ended 31 December 2023 Icontinued)
ststement of dlsclosureto auditors
So far as the trustees are aware, there is no relevant audit information of which the companvs audltors are
unawarè. Additionally, thè trustees have taken all the necessary Steps that they ought to have taken as
trustees in order to make themselves aware of all relevant audit infomiation and to establish that the
compan¢s auditor5 are aware of that informatyon.
Approved by the Board of Trnstees and signed on its behalf
Jonathan Jarrett
Chalr
Date.. 08107124
PaBe 7

Hxkney Parish Almshouses Charity
rt of tbe Tttde
endent Auditors to the Tru5ttts of
Hackne
Parish Almshollse5 Chx
istercd number: 727755
Op1￿0￿
We have audited the finallcial statements olHackney P3ti$h A]nL%IM>uw Chan"tJ {the'charttsble company? for the
year en(l¢d 31 Decembcr 2023 which cowiis¢ th¢ StatetDEllt of FiDaticial Adivitie5. the Balance She¢L the Cash
Flow Stat¢￿ellt alld notes to the f]nancial Statem￿ts, including a sunllw of 5igDificaDt acco￿)11￿8pQ1iClcs. The
finanGiaL reporting fra￿¢WO￿ that has beett applied in theirprcpaTation is applicable law alld UDitsd K￿dOrn
Accounting stand￿￿$ ILTDiied ￿.￿gdoM G¢Derally Acccpted Account￿8 Practiw).
In our opinion the finallcial stateinetits".
give a true and fair view Df the State of the charitable companys alrarts at 31 Drf¢mber 2023 and of its incoming
resour¢¢s and application of resource& includiD8 its income and exp￿, for the y¢xr then ende4L'
have been properly prepared xtt accorda[￿ with ￿nIted KiDgdom Generduy Ac£cpted Accounting Pra¢tice: and
have been pr¢pared in ￿e0rdanCe with the requi￿ellts of the Companies Act 2006.
Basts for opinio
We conducted our audit in ￿Ordance witb Intanationat Stattdants on Auditing IUK) OSAS IUK)) alld applicable
12w. Our responsibRlitiCS UDdei those 5taudards aT¢ fi￿er d¢sctibed in the Audttms, respoD5ibilities for the audit of
tb¢ fwancial stat¢ments section of our Iq)ort. We Ind￿ndent of tbe ¢hatitsble company ill acÉwdan¢e with the
ethi¢al requiE¢rnrnts that are rel¢YaJJt to our a￿￿"t of the financial staternw]ts in the UK includttig the FRC'S Ethical
Standart and we hav¢ fulfilled our oih¢r ethical rcsJx>nsibi1sti&s accordance with thcse rcquirern¢nts. We believ¢
that the audit ¢vidence we bave obtain&1 is sufficientand appropriate to provid¢ abasis for our opiniotL
Condusions relaiknng to goiDg
tll auditillg the finauciai statements. wc havc concluded thatthe In￿￿s, use of the 8oin8 concern basis of
accounting ill thepreparation tsf the fiDancia] Sts1¢￿ettts Is appropriai¢.
Based on tbe work we have w¢ have not identified any TnateriatTLllcert3inti¢s reiatitig to ev¢Dts or
conditions thai, Indi￿th￿IlY or collectively. may LX4t Si￿lf1¢2￿t doubt OD thc chaTitsble comp9￿Y'S ability l(p
continue as a going conc￿ll fora olat least twelve Anots￿ from when the fAtwiciaJ ststements are Mthorised
for issue.
Our respollsibiltties and the re5Wn￿7)ilIti¢5 of the with rewt to going con¢em are described in the
l¢vant sections of this rel￿.
Other knformatio
The tnjstees are r¢sponsiThle for th¢ other inf0m￿tiOll. The other ithmlllioD ¢omprises ihe infoThtion included in
the Annual Kepori other t1￿ the fitsDcial StateM￿ty SDd our Reportof the Inde￿ndE￿t Auditors tlweon.
Our opinion on th¢ fllM]¢ial ststements doe5 llot cover the okn itiforllMtion an(L extq)t to th¢ txtent otherwi8¢
explicitly stated in ourIepon, we do uoi eXpr￿S any fom) of 8s5uraDce concl￿10￿ thereon.
In tonne¢tioll with our ￿dit of the fiT2ancial staten)¢nts. our rwonsibility is to Ttad the other infomDrion and, in
do1[￿ 5ts, consider whether th¢ other inforn)atiort J$ materially inco0sisi￿t with the fi[￿r￿lI1 S￿￿￿Ellts or our
knowledge obtained in the audit or othetivis¢ appears to be marerially tni&%tat&l. If we identify such material
inconssstencies or apparcnt llydterial misstst¢ments. we are wuired to detcrminewheth¢r tbis gives rise to a
n￿terIal D)iSStstement ID the fJnan¢ial Statements themselv￿. If. based on the work we have perfonned, we
¢on¢lud¢ that there is a mat&ial mi&statement of this othw iJ]forn)atio￿ we aJe Trquired to rqyort that fa¢L We have
notbing to rep)rt in thi$ re￿[d.
Matter5 OB whi¢h we are required to report by txetptto
'c havc ttothing to rEPOrtin respectof the following D￿tt￿$wheretheCharLties (A¢¢ounts andReportsl Regulations
2008 r¢quire8 US to rcport to you if, in our opinio
the Infor￿atiOn given ij) the Re￿rt of tbc Tn]slees is illcoD5iStent in anymatttiaE respect with the r]]Mllci&l statem¢nts' or
thc charitable ¢0)npa￿Y has not k¢pt &dequate acc4)untiDg records" or
the fmaTh¢ial $taten)ents aT¢ not iu agree￿￿1 with the a¢¢ounting recths TErurns" OI
we have not r￿e1Ved all the iDforn)ation and explallalions wt require for our gudit.
Page 8

Hackney Parish Almshouse5 Charsty
ort of Ihe Inde
endent Auditors (o the Trustees 01
Hackne
PaTi5h
In￿bOu$¢9 Chari
istered number: 7277557
Respottslblities ol In￿tee5
As explained lllore fully sn the S¢atemeDt of TrLJstees' R¢5PDnsibilitie4 the trustees (vtho ¥re also the dir¢ctor5 of tbe
charitable company for the puTp05¢s of company ]Aw) arc reswttsible for th¢ PTq>aT3tion of the fU￿nCIal 5t2tements
and for being satisfied that they 8ivE atrue and fairview. and for suth inter￿81 control &8 tbe trustec5 detennine is
necessary to enable tb¢ pryratioTr of fi1wic1￿ statenKtsthat¥re free from llwtuial ]ni&st&tem¢tti whether due to
fraud or error.
It) preparingthe fiDanciaL statement& the tntstees are Te5Fwible for &wssÉng the charitable wmpallys ability to
COLtillue as o goillg Coll¢¢￿ di8closits& as applicabk, mat￿$ related to going conctm a￿d using tbe going toncern
basis of accounliDguDless the trust￿ eit1￿[ intend to liquidate the chayitable company or to ceast or*rntions, 01 have
no realistic alterJlltiv¢ but to do so.
Our responstbilities for tbe audit of the fi]wJci81 si*leMents
We haye bew appoiDted ￿ audit￿5 undcr S¢¢tioo 144 of the Ctsities Act2011 andr¢tKJrt iti a￿Ord￿¢ with th¢
Act and rclevant r¢sL￿ations made orbaving eff¢Gt ther¢uth.
Our objectives are to obtsiTL reasonable as$uraDce al￿t￿￿eth￿ the financial State￿ellts as awhole are frec from
aterial mis5tatemettt, whether duc to fra￿j orermr. aDd to Is5￿ a Rwrt of the Independent Auditors tb￿ iUGludcs
our opiniott. Reasonable assuTart¢e 1$ a bigh level of &wtranec, but l5 not a 8uarnittt that w audit Co￿￿eted i
a¢cordall¢¢ withISAs (UK) will always detect a tnaterial misstatement wben it ex1￿. Mi551atements call arise from
fraud 01 error atMI are ¢onsidctcd ￿aterIaL i£ individually or in the aggregat¢, they reasonably be expected to
infiu¢nc6 the ¢wnomie de¢lSio￿ of users on the basis of th4ge financial statem¢Lts.
The ext¢nt to whi¢h our p￿u[C5 ate capable of dete¢tiD8 itregulariues. ill¢ludin8 fr&Jd is detail￿ below.
W¢ ideDtify and asws the Tisks of material misSts￿t of the fmancial stateD]ellts. whether the to fraud or error.
and tben desiEll alld p¢rforn oudii procedures reyDsii¢ ¢0 those risks. iDcludingi**tsiDing alldit evid¢n¢e tbat is
su￿1¢i¢llt and 8ppmptiat¢ to proyide ab¥i5 foT our opinion.
Idetktifyittg and &s8essiDg potentiaL risks ￿lated to i(r¢guiariti¢s.'
Irl idcnÈifyin8 and assessing tisks of tllatetial rnisstatement in re5pe¢t of iryegulatittt8 includ￿8 fraud and non-
Compliaoce with laws and rwilation& Tle ti)llside￿I ihe following:
- The natur¢ of the charitsble Control ￿virot1￿cDt and ￿f0￿na0¢e including the d¢sigll of the organisation's
rernuneration polici¢5"
- Any maiters w¢ identifi& having obtsin¢d aud reviewed the organisation's (k>cumentatioll of their Pt>licies and
procedwes relatiD£ to..
o Identifying, evaluating a[￿ complying with laws athd wdatiolls 8nd vALdh¢r tTr￿ were aware of aoy
in5tanGtt of non40LDP]i2tiCe,'
o Detccting and respondingto therisks of fra￿7 and￿ether Ibry have knowledge of atsy actuaL suspected or
alleged frau
o Th¢ internal colltmk estab]ish¢d to mitigats risks of fraud orlloDrfomplianrr with laws ajjd r¢gulations'
o The rnatt￿S discussed a￿OllE the audit ¢Dgagemcnt team regardiug howand whert fraud might o¢cw iD the
fJnauctaL statem¢Drs and ally p)tsntial iDth"¢ators of frau
As ar¢sulÉ of these PEQtedures. we (%)Lsxderedthe oprrf)rtuJJities and inc¢nmTe5 that may cTist witbin tbe orgaDisatioo for fraud
Jkd identified the gT¢at¢st potential for fraud in the areas of nJaDagenJeni override of ¢onirol& going corlcem, income
recogllitioth, and the appropnatenLYs of ¢xpettditure.We a150 ukntsndiDg of the legal and regul&tory fra]llework
tbat th¢ organisation Op¢￿t8 focusing provisIons of tFK>se laws and TEglllatious that a dir¢ct effect on the
det¢rmination of material aTnounts aDd di%losurts in the fit￿ncIal stst¢rnents.

Hackney Parish Almshouse5 Charity
Re ort of the Inde ndent Amditors to ¢be Trnstees of
Hackne
Pari5b Aim5houses C
istered number: 72
755
Audit ie5rM)ns¢ to risks identified
Our pro¢eduT¢S to r¢s￿Dd to Tisk5 identified included the followin8.'
- Enquiting of In$￿age￿IE￿￿ conccrning actual andtrt)tenliai litigaliott attd cl
- sUb￿a￿tive testing to v0￿h source records to the financial sra¢¢men
- Perfomiing analyiical procedures to id¢tttify wjy unusual or U])￿pected relatioJ]sliips that indicate risks of
tt)aterial mtssraiement due io fraud.
- Enquiring of fftanagen]ent (b¢ internal controls evaluating each control for weakness alld vouching to evid￿¢¢ of
the control takillg place.,
- In aiklressit*g the Ti5k of fraud tbroll￿ ￿anagett￿l override of¢ontrol4 testing Ihe appropriate])ess ofjDwnal etstries
afyl other adiusljnents" &ssessing w]ther tbe judgetn¢llts Euade in tD8kng aCc4)ulltj￿- estimates trldicative of a
pottntial bias; and ¢v•]uatiTtg thebusiTW Tationa]e 0fanysignifi￿nttr8￿sactsOnsthatarC unu4ua] oroutsidethenonnal
course of busines
W¢ also 00mmuni￿ted relevant identified laws and regulartons aThJ rA)trntia] fI￿d risks to ail engagement team
members, and remained alert to atty inditatio]]$ of fraud or noD-fOTnpliauce with laws and regulations th￿}ughout the
A thrther description of ourre5PODsibilitic% for the autht of the finan¢ial stat¢rn¢ots is locAtsJ tsn the Finatt¢ial
Reporting Council's website at www.frc.owuklath.torsre4wiknilities. This des¢rsptioTh forn)s part of our R4)ort of
the IndependentAuditor&
Use of our report
This report is made solely to the cbaritable company'5 trustee4 a5 a body. in aecord2￿￿ wltb Part 4 of the c]￿ltieS
{Accounts and Report5) Regulatio￿ 2008. OUT audit work has undertakell $0 th3t we mtght stat¢ to th¢
clwitable CoJnpa￿Y's tnL%ttts those rnatters we ate re4wireA to stttt to them in an &udiithY' repotl and for no other
p￿r￿Se. To the fullest extent pennitted by law, we do noi 8¢cept or &ssum¢ rwoJsibiliry to anyone othertlthll the
haritable wnpany alld tb¢ ¢ban"table companys tsijths as a body. forow audit worL for this rtpotL or the
opinions we have fornie
for and on b¢half of DwJkl¢y's
Eligible to act as ￿ 8￿JitOr ltifern￿ of Section 1212 of thecowies Act2￿6
Woodlattds Grallgc
Woodlands Lane
Brddlcy Stoke
Bristol
United Kingdom
BS32 4JY
Date:...Zg[oi Iz4>LI6..:
Page 10

Hackney Parish Almshouses Charlty
Statement of financial actl¥ltles
Forthe year ended 310È¢ember 2023
Totsl
2022
Funds
FUT
Funds
2021
ltttomÈ & Expendltwe
Inciwnefrom:
MaIntÉnan￿ Contrhutltsns
315,452
24.564
340,016
327,975
Investment Income
9.231
18.589
16.241
Interest RKei¥ed
76.050
76￿50
17,356
other income
2,378
2.378
1,424
Total
403.111
33.922
437,033
364,996
ExpendftuTeon-
Atbvitles In furthtrance of
th¢ tharftvs objeciives
La4n Interest
11112
248.118
1gL155
439.273
69.461
327.859
69.461
41,043
Totrl E%ppTrditure
248.118
191.155
69.461
508.734
368.9U2
Other recognlsed Wdl
T￿nsFer$ beiween fun
1189,UO)
1108.
391
1149.7201
112,572
lo8,8￿6
Net income
and net movernebts Infvnds
1142.7331
1117.8331
19,145
221.421
108,666
Retonclliatb)notf￿
Fund balanc45 brought foNTrrd 4t
31.12.2021
968.165
731.534
12.731.224
14,430923
14.321257
Fund balance$ carriedfonvard
31.12.2023
825.432
613.701
J2.770.369
14,21X,502
14.430.923
The statement of changes in equity includes all &ains and losses in the year. All incomes and
expenditUTe5 derive from continuing actniities.
The notes on pages 15 to 24 forni part of these accounts.
Page li

Hackney Parish Almshouses Charlty
Statement of financial artlvltse$
For the year ended 31 December 2023
Comparative Statement of Financial Activities
For the Year Ended 31 December 2022
Total
2022
Funds
Funds
Income & expendilure
Inwme from".
Maintenance Contributions
303.411
327,975
Investment Income
7,622
8.619
16.241
Interest R￿1ved
17.356
17356
Other income
3A24
3.424
Totsl
331.813
33.183
364,996
EMpendiiurE on:
Activities infurthwanre vt
the ch3riV$ Ubledv￿$
Loan intete5t
IV12
203274
124585
327,859
41,043
41,043
Totsl
203,274
124585
41,013
368.902
Other recognised 83ins
Trar￿fer5 between funds
2A21
250
112,572
189,6031
89,353
Plet income/lexpendRurel
and net movements In fijnds
149.086
188.7301
48,310
108,666
Rewn¢iliation of
Fund balances browfrnrd at
31.12.20ZI
819.079
820.264
12.682,914
14.322.257
Fund balarKes orrled lorward at
31.12.2022
968.165
731534
11731,224
14A30,923
The statement of changes in equity includes all gains and losses in year. Al incomes and expenditures
derive from continuing activities.
The notes orb pages 15 to 24 form part ofthese acC￿nts.
Page 12

Hackney Parfsh Almshouses Charlty
Balance Sheet
As at 31 December 2023
Company number. 07277557
2022
Tangible assets
Investments
122CQ.INJ)
2.844.411
12,260.000
2,769,767
15,029.767
15,l(M,411
Current a¥ets
Debtors
iO.IE4)
195.180
288,169
483?49
Ban* balanc&5
71.744
81X
Curmt Uabllltles
editors
13L758
J97,993
197.993
131758
Netcurfent assets
149,8541
285.356
Lon8termcreditor
Net a55ets
845.055
884,200
14209502
14.430,923
Cawtsl and reserves
Unrestrfcted fvnds
825,432
613.701
11Tr0?69
968.165
Restricted fund5
731,534
Endowment furjds
12,731,224
14.209.502
14,430,923
These financial statements have been prepared in accordance with the speaal provisk)ns relating to small
companies within Part 15 of the Companies Art 2O)6.
Approved by the directors and trustees on
08.07.24
and siqned on its behalf by:
Jonathan Jarrett (Trustee)
The notes on page5 15 to 24 form partofthese accounts.

Hackney Parlsh Almshouse5 Charity
Statement of CashfliMTS
For the year ended 31 December 2023
2022
CASM FLOW5 FROM OPERAnNGACTwmES:
Net cash pmvkled by (used inl operztlngacbwibes
222.367)
129,1101
Cash fiows from Inveslingadi¥itie&"
Diwdends and inlerest from inveslments
Proceeds from ￿le of investments
76.1150
17.356
103,617
1323481
Purchase of investments
IlJ).9631
Net cash provkled by In¥￿InSactI¥ltIes.
Cash flows from financing aclivitw..
45.087
88,025
Repayments of borrowing
139.1451
148,307)
Net cash (used Inl Ilnandn8 a¢tiiryties:
139.1451
148,307)
Chary in cash and eqUI￿￿ts Inthe r*porti
perlod
Cash and tash equhRlents *the be8lnnln8 of thE
reporting perlod
Cash and cash equhrnlents atthe end of the reporbng
perfod
1216.4251
10.608
288.169
277561
71.744
288.169
The notes on pages 15 to 24 fom part ofthese accounts.
Page 14

Hackney Parish ASm5house5 Charlty
Notss to the financlal st*ements {corflnued)
FIX the year ended 31 December 2023
fountir¥ pollcles
Accountlng convention
The financial statements have been prepared in accordance with Accounting and Reporting by
Charitie5- Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
1021 (effective l Janltary 20151 (Charities SORP IFRS 10211, the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2CK)6. The Hackney
Parish Almshouses Charity constitutes a public benefit entity as defined by FRS 102. The Trustees
consider that there are no material uncertainties a￿ut the chartws ability to operate a5 a going
concern.
Incomè
All incoming resources 3re recogni5ed when the charitable trust has entitlement to the funds. the
receipt is probable and the amount can be measured reliab￿. Donations are recognised on a
receivable basis Iwhere there are no perforrnance-related conditions) where the receipt is probable
and the amount can be reliably measured. Investmem income from loans and short term deposits is
accrued in relation to the period to which it relates. Other investment income from assets held ir)
asset portfolios or current accounts is included when reported as received by the wrtfolio manager.
Expenditure
Expenditure is re¢ogni5ed once there isa legal orconstruttive obligation totransfer economic benefit
to a third party, it is probable that a transfer of economic benefits will be requlred in settlement and
the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs
of Èach activity are made up of the total of direct costs and shared costs, including sUPPOrt costs
involved in undertakirig each activity. Dirèct costs attributable to a single activity are allocated
directly to that activity. Shared costs which contribute to MO￿ than one attivity and support costs
which are not attributable to a single athvity are apportioned between th05è activities on a bèsis
consistent with the use of resources. Thèy are analysed between costs of maintaining the properties
nd governance of the charity. Expenditure includes attributable VAT, which carbnot be recovered.
Charitable activities- these are costs incurred on the charity trust's individual charitable activities,
including 5UPPOrt costs and costs relating to the governanie of the charitable trust apportioned to
charitable activwties.
Tangible fixed assets, freehold property and depr￿latI1)n
Tan8ible fixed asset5 are stated at cost less depreciation. Depreciation is provided on 311 fixed
assets, other than freehold property. at rates calculated to write off the cost. less estimate
residual value, of each asset over its expected useful lrfe, as follows.. _
Furniture
at 25% of the reducing balante
Thè freehold propeity ' Dr William Spurstowe House. is shown at deemed historic cost. The cost of
the rebuild of Dr William Spurstowe House as included within the accounts to 31 De￿rnber 2013
was £3.871,068 less the grant ￿te1Ved from HCA of £2.190,000. This was restated in the account5
on transition to FRS 102 Isee note 151 to its fairvalue as deemed cost per section 35.10 Icl of FRS 102.
The property wasvalued in 2014. with an Èxpected open market value for current use as an almshouse,
at £3,150.000. Due to the restrictions on the properties as almshouses, normal valuation techniques
methods are not appropriate, therefore the properties are held at cort orfairvalue of donated asset.
No depreaation has been prowded as the charity maintains the assets to be in a continual sound
state. Bishop Wood was sold on 23 January 2015 for£l.437,500. The freehtsld properties'Norris and
Monger Houses, were valued at market value as at 28 July 2016 and are included in these financial
statements at that value.

Hackney Parish Alm5house5 Charity
Notes to the finaniial statements (continued)
For the year ended 31 December 2023
Investments
sted investments are a form of basic financial I￿trUment and are initially recognised at their
transartion value and subsequently measured attheir fairvalue as atthe balance sheet date using the
closing quoted market pri￿. The charty di￿5 not acquire put options, derivatives or other complex
financial instruments. Realised gains lor losses) on investment assets are calculated as the difference
between disFosal proceeds and their opening carrying value or their purchase value rf acquired
subsequent to the first day of the financial year. Unrealised gains and lossès are calculated as the
(Ilfference between the fair value at the year end and their carrying valLte at that date. Realised and
unrealised investment gain5 lor1055esl are combined in the statement of financial activities and are
credited lor debited) in the year in which they arise. Other Investments are included at £ost, which is
considered to be approximats to their market value.
Delrtors
Debtors are recognised at their settlement amounL less any provision for non-recoverability.
Prepayments are valued at the amount prepaid. They have been discounted to the present value of
the future cash receipt where such discounting is material.
Cash at bank and in hand
Cash at bank and in hatKI represents su¢h accounts and instruments that are available on demand or
have a maturity of less than three months from the date of acquisition.
Liabilities and provtslons
abilities are recognised when there is an obligation at the balance sheet date as a result of a past
event, it is probable that a transferof economic benefrtwi15 be required in settlement, and the amount
of the settlement can be estimated reliably. Liabilities are recognised at the amount that the
charitable trust anticipates it will pay to settle the debt or the amount wt has received as acfvanced
payments for the goods of services it must provide. Provisions arè recognised when the charitable
trust ha5 an obligation at the reporting date as a resuk of a past event which it is probable will result
in the transfer of economic benefits and the obligation carb be estimated reliably. Provisions are
measured at the best estimate of the amounts required to settle the obligation. Where the èffect of
the time value of money is material. the provision is based on the present value of those amounts,
discounted at the pre-tsx discount rate that refiects the risks speafic to the liability. The unwinding
of the discount is ￿COgnised within interest payable and similar charges.
i.io
Flnanclal Instruments
The Charity only has financial assets and finanaal liabilttses of a kind that quafify as basic finanoal
in5trurnents. Basic financial instruments are initially reCOgn￿d at trarksartion value and subsequently
measured at thelr5ettlement value.
i.ii
Cydlcal repalrs and maintenan¢e
The Charity has established a regular programrne of cyclical repairs and maintenance. Costs are
charged to the revenue account in the year in which they are incurred.
1.12
Extraordinary repairs reserye and ro￿l￿e repair5 re5eTve
An amount from the weekly maintenance contribution is allocated to the extraordinary repairs
reserve {Restricted fund). Costs of extraordinary repairs. unless representing improvements to
the properties, are charged to the ￿tritted fund in the year in which they are incurred.
Page 16

Hackney Parish Almshouse5 Charity
Notes to the finandal ststernents (continued)
For the year ended 31 Decemtjer 2023
Other Income
31.IL2tr21
31.12.2022
Legacies Income
SoLir FIT Intome
507
2,318
2.857
other Income
60
2378
Tangible Fixed Assets
DrWIWHm
Total
31.3Z2023
At lJaTh 2023
2.333
2.985.C4YJ
11,465,tN)o
(li￿.0c1j
14,452,333
2,1￿,(
Less HCAGraTht
Z333
2.985.OX)
9.275.0(Al
12.262,333
Depredatlon
At ljan 2023
2.333
2,333
Charge inyear
2.333
2,333
Net cosV¥aluat%in at
31.12.2013
2.985.(KK)
9,275.000
12.260.OLK
Ngt£ostlv31uknon
31.12.2022
1985,(Th)
9,275,Q(Kl
12,260,OOD
The charity owns three almshouses. Dr Spurstowe House and the Norris and Mongers Almshouses,
formerly of South Hackney Parochial Charity. The Norris and Monger5 Almshouses were
transferred to the ownership of Hackney Parish Almshouses Charity on 28.07.16. They were not
previously wdlued in the accounts of South Hackney Parochial Charity but have since been valued
at an open market value of £2.225,(OJ and £760,LKJ) respertively. The transfer of the properties
included a dowry of £270,000 for use in the event of the requirement to Carry out emergenty
repairs to the properties. The dowry is included in the restricted extraordinary repair fund within
these accounts. Repair costs to the properties have been included in the income and expenditu
account in the year in which these We￿ incurred.
Under the terms of the grant received from Homes and Comrnunities Agency of £2,190,000
in respect of Dr Spurstowe House. some or all of the grant may become repayable in the future if
certain temis are not adhered to. As at 31 Deeember 2023 no liability has been included within
these accounts in relation to this as it is understood all terms have been adhered to as at the date
of approval.
Pay 17

Hackney Parish Almshouses Charity
Notes to the flnan¢kl ststemems Iconttnued)
For the year ended 31 December 2023
Investments
cotF
2023
2021
fund
Total
Total
Market value 31.12.2022
973532
54913
1.796235
2,769.767
2,727,864
32,948
Purcha5e5
761
130,963
Movements in year
L028.445
1.872285
SX)0.730
2,760,812
Sa￿s
IifJ).(wi
1100.IN)01
43.681
1103,6171
It1572
Net investments8zinsl(k)5sesl
43.681
Mathet value 31.112011
1.072,126
1,772,285
2,844,411
2.769.767
Cost 31.122023
643.831
1,796,235
1440.066
1,385,151
Debtors
3L12.2023
31.12.2ty22
MainTrnance(ontributions in arrearslladvanol
Prepayments
Otherdebtors
15,7701
8.870
7.550
193,400
10.160
195,180
Credltors: amounts falli1¥ due within one year
31.12.2023
31.12.2022
Amountsf•lling duewithin oneyear
Credit￿$
42.CK)I
109.L19
Accruals
38.254
37.371
Bink loan Isecuredl
51,503
51.503
131,758
197.993

Hackney Parlsh Alm5hou5e5 Charity
Note5 to the financlal statements IcontIn￿l)
Forthe year ended 31 De￿mber 2023
Creditots: amounts falling due after more than one year
3L12.2023 3L12.2022
Bank Isttured)
845,055
884.200
The bank loan is payable by monthly instalments and is charged at 3% interest above the base
rate. The bank loan is secured against Doctor William Spurstowe House13440 Navarino Road.
London, E8 IAFI.
Recondliation of net income1(eX￿nditU￿eI to net cash Ilowfrom opernting actlvities
2023
2022
Net IncomÈf(*th* peki)d
perthe statrrnÈntof finantiatatthi
122¥4211
108,666
Adjustmentsfor
Depreti*v)n chaTBes
221
IGain5ln055e5 on investments
143.6811
11125721
Dividend5 and interest from investments
176,0501
117,3561
Ilncreaselldecrease in delRoTS
185.020
1110,1021
Inryewlldecreasel in creditors
166,2351
102,033
Net cash used in operatiry
12223671
129.tio
Page 19

oj o
ov

Hackney Parlsh Almshouses Charlty
Notes to the financl31 statements (continued)
For the year ended 31 December 2023
io.
Analy515 of fund assets and Ilabilitles
EndDwm¢nt
fvrKS$
Caplt31
d$
JLI2.2U23
Totsl
Tangknle fixed a55ef5
12.26U.WO
12.26Q,O(X)
Ftxed atset Iwestments
613.701
L407.2
2W,411
CurrÈnta55ets
8LS
81.￿4
Curreni liabllitks
(79.95n
151,8011
1131.7581
LDryterm liabilllle5
1845,0551
1845.0551
825.432
613,701
J2,770.369
14.209.502
EThdowmerrt
fvDds
31.112022
Tan8ibkfixedissets
11260.IN)O
12.260.000
Fixed asset irwE5tff*nts
7116ri
649,882
1,407225
2.769.767
Curyenta55ets
289.949
i.L05
481.054
Current liabthties
134A441
1109A531
151.8011
1195,6981
Long term liaLdrfcies
1884,2CAII
1884,2001
$68.L65
731534
IL731.Z24
14.430,923
Page 21

Hackney Parlsh Almshouses Charity
Notes to the financial statements (continued)
For tho year ended 31 December 2023
ii.
Charitable Acti¥ities- Property Costs
31.111023
Total ¢osts
Extrdorthn7dY
C¥itsl
cow￿1 Ta¥ and
Water rat
L338
L￿ht and Heat
Repairs
mainten¥Ke
Warden, tkanlng
and gardenl*g
InsuraDcE
132,749
191.155
323.
34.647
34,647
6.301
L>ppreciation
Re￿de￿teVents
1.401
1.401
181,165
191.155
372320
31.1120ZI
Toial¢osts
cow￿1 fixand
Waterrat
5568
5.568
Llght and Heat
Repairs ahd
mailltÈnarKe
I￿34
1.834
82,782
27
207.367
Quir4ueMial rosts
Warden. c￿aning
and￿rdEnIng
Insurance
96.686
96.686
40,541
40.541
5.544
Deprecia￿0￿
221
22L
ResdEntevent5
L427
1,427
137,917
124.585
261502
Page 22

Hackney Parlsh Almshouses Charity
Notes to the finanoal statements (continued)
For the year ended 31 December 2023
12.
Charitabk Acti¥ltles- Support and GovernaNe Costs
ILILIQts
Totsl
C4pital
m5house
manag2rnerrt
16.247
16247
re￿￿￿erat￿
27,fAY)
IL413
Audit￿ear End
Atcounts
Legal ar,d
profe55ional
SundryeKF
33C
6325
6325
Bank char8es
Iy3
1,343
Trustee inwrance
665
6.953
66,953
LknrestrKted
nd5
A¢¢umui*d
3LI220Z2
Total
fvnds
funds
tapital
mshotsse
rnanagement
aerk'5
remuneration
14.976
14376
27,6LYJ
27,6fy)
Accwnt3nry
AuditlYearETrJ
Actount5
Legal and
professx)nal
S￿r￿ry expen5
11.4
11.400
1.5C
25C6
1.429
1.429
Bankthwges
64
5ubscriptw)ns
J.254
Trustee&￿Urante
65357
69.357
13.
Payments to trustees
No trustees re￿iVed any remuneration from the charity during the year I2022-. Nill. Travel
expenses amounting to £nil (2022: £nill were reimbursed to no {2022.. 01 trustees.
The Charity considers its key management personnel comprise the Trustees. The total employment
benefits. including employer pension costs of key management personnel were £nil12022: £nil}.
There were no employee5 in this charity in 202312022: Nil}.
Page 23

Hackney Parish ￿m$hOuse5 Charlty
Notes to the financial ststements Icontinuedl
For the year ended 31 December 2023
14.
Related party transartlons
There were no ￿lated party transactions during the financial year ended 31 December 2023 nor
in the prior year.
15.
Contlngent liabilities
During the yearended 31 December 2013 the second capital grant of £1,095,CIJO was received fro
Homes and Communities Agency {HCAI. takingthe totsl grantto £2.190.000.This was acontribution
towards the redevelopment of Drwilliam Spurstowe Housè.
Under the ternis of the grdnt Some or all of the grant may become repayable in the future if certain
temis are not adhered to.
A5 at 31 De￿mber 2023 no liability ha5 been induded within these accounts in relation to thi5 as
it is understood all terms have been adhered to as at the date of approval.
16.
Share capital
Hackney Parish Amshouses Charity is a company limited by guardntee and does not have any share
capital. The company currently has 11 members and their individual liabilitytoward5 the compan¢s
debts 15 limited to £1 in the event of the company being wound up within 12 months of ￿aSIng to
bea member.
Page 24

Hackney Parlsh Almshouses tharlty
Notes to the finandal statements (continued)
For the year ended 31 Detember 2023
Detailed Income and Expendtture Accou
NoNi$ &
Spumowe Monws
Total
Income frm:
maintenan￿ ContritMJtions
244.697
95.319
340.016
Investment IrKome
9.231
9.358
18,589
76,050
InreTe# Received
76.050
Otherlncome
2.378
1378
Total
332.356 104,677
457￿33
ExpEndltureoTr:
Activities in f￿he[arKe of the dbarirfs obiecb
PMpertY￿$ts
CouncllTax and Water rdtes
438
1,338
LEht and Heat
Re￿IrS and maintenance
Warden, £le2niry and gardenin8
Insurance
3,097
227.298
1.632
4.729
96,606
323,904
21.383
13,264
34,647
4246
1055
6.301
DepTeciation
Re5idEnt events
457
1,401
257A67 114A52
m320
mshouse managernent
ClÈrVs remuTheralvJn
109
5.329
16.247
18,6(Kl 9,0
7.693
3,720
27.6(X)
Accountancy
11.413
AuditThe3r End Accounts
3.3
Legal and profewDnal
Sundry expenses
Banktha¥ges
bscriptions
3.077
3248
334
1343
Tnjstee Insurance
217
665
45J05 ZL848
66.953
Loan Inter
169.4611
1189.1201
16906
{149,noi
1221JZiI
Other reco8ni5¢d8alns
39.400
Netlncome
IZ29A981
7.777
7h15p¢)ge doe5norform partof thefinonao15trtements
Page 25