FARMER & LEMMOIN-CANNON CHARITY ANNUAL REPORT AND ACCOUTrtrs FOR THE YEAR ET4DED 51 DECEMBER 2023 Charliy Nvllnber 1167718
FARMER & LEMMOIN.CANNON CHARfTY ANNUAL REPORT AND Accouprrs YEAR ENDED 31 DECEMBER 2023 CONTENTS PAGE ASSla110n wtÈ¢ulars Sl&temeDt of Boatd's re5POThsibibties Sth*tDeDi of coThpteLKn&ive income B2ct Aheet Notes relating to the fancIal StateDts 8.lj D¢thiled iDcornE alldexpcndiwR xc(yunl 14
FARMER & LEMMOIN-CANNON CHAIUTY MEMBERS OF THE BOARD AND PROFESSIONAL ADVtSERS Regtstsred Charity Ngrne Fanne¥& L¢mn)othlaJwon Charity Ch4rity Numb¢T 1167718 A3761 Dr M McGhee Ichainnanl Mr G DaIby Mrm Kenyon MrA WL0 Mr M Roset5 Trt*wtrlC]trk J 7AhorodDyj Nuvo AccountaDCy Lllniied ChaneredC¢rrified Acwunwii$ 55U Valley Roa Basford Noniagh NGS IJJ HSBC Bw2k pk 41 Markd Place Long Ea¢on NoninÈh8roshite NGIO IJN
FARMER & LEMMOIN-CANNON CHARITY BOARD REPORT YEAR ENDED 31ST DECEMBER 2023 Th¥ FATmer & t£mmoin-Cannon ChBtity È5 I re8isred exernpl charity (no. 116T1181 an incorwraied ass(KiAiion nder the Cwppr4nve and Cutyjhumity Bcrtcfit Socitties Aet 2014, i5 regisiered Social Housing PtDvider. POti¢ip91 Atllvlty The princip8] acuviry is the Pro310 of trBted a¢£ommodation tts •gea ws Casth tlonington aL conwises 10 proFrtrties. G Dalby M FMcGhee A Logan M KenyoD J ZthInYj M Rogers The w11paI offi¢e i5 at 74 Spiffirt Rol, Castk Downgton, Detby, DE74 2AU. Rd¢vt orE•nitIoTh HSBC Bank pic 41 M&ket Platt Long Eaton Noti2D8hah1te NGIO IJN Nuvo Ltd Ceffjfied Chart¢tril Arennts 550 Valley R(>ad Basford Nuttingham NG5 IJJ Rthtwoftht Developmentfor the Ytar The STOSS rectivable ftom the IOpropertie5 W&5 £27.878 12022123.6521. Trre a sU[S for the yearof £21.05512022.. £4.2981. 12022..£17.5.1241. Sigtked Mr M F MrGt¢ Da". 2510¥2024
FARMER & LEMMOIN-CANNON CHARITY STATEMENT OF THE BOARD'S RESPONSIBILITIES IS RESPECT OF THE Accouiyrs YEAR ENDED 31ST DECEMBER 2011 The i% $1#1] forparIng the report and finala1 in ¢ffid¢¢ with wlicable law and ttgttlAlions. The C(wrAiive and Community Benefii S(Kieuas kn1 2U14 te8i$téreA soei8] housing legislation Tequir¢ the board io tKepate fJDancial siatements for each filwl1 y¢XT which give a tNe aftd fair view of the statE ufff8irs of the associaiion and of its )nc(yme cxErtKliwr¢ fnr thpt 1{Al. ID wep8ring the fJDarKial sw¢nLts. the BoJTdi$ io".. l. ScleL SUitHble attoutstitigw>b¢ies und then 4wly them cortsisleny. 2. jud8em¢ntg and eSti[leS that are rea50]thle and pNthnt. 3. State Wkneth appti¢able ac¢ouniing $iandard% have bteD followed, subject ro aDy n)la1 departwres di10$¢ and explaintd in the fj1Cial 5ts1e]nellts. Prepare Ihe a¢ty)uthi on & 8Djn8 eoncern bA5iS UDlesS it is inappTopriate to thai the aswLYaiion wdl coniinue in busine5S. The Board 15 restx>nsibie for keepin8proFr accounting TecoTd5 whicb dis¢lose ¥ryth reasonttbl¢ accurdcy ai any tsJDe the financi21 w5itioD of the ass(&iaiion and ¢nahle li to ¢nsute that the fi1CIal statements ¢omply wilh the Cfroperdtive afjd Community Benefit Societies Act 2014. Hw5ing and RegeneratsoD Ad 2(M)8 and tk AceollDiing Direciion fot ptivale 8]$1¢1¢d providers of s(Kia] housing in En8land 2015. li h&s geDeTai Te5wnsihilily ftr 118 reasonable steps 10 SafegUd the ass¢ts of the a8wi&uon and to tKevent atsddetr¢¢ ftaud and (ther irregul1*e5. On behalf of the Board Mrm F M¢Gke D&te'. 25m3r2024
FARMER & LEMMOIN-CANNON CHAIUTY ACCOUNfANTS' REPORT TO THE MEMBERS ON THE UNAUDrrLD ACOOUNIS OF FARMER & LEMMOIN-CANNON CHARrrY YEAR ENDED 31$f DECEMBER 2023 We report on the foT tht Ye#ren 31 Decemter2023 setoui on PA8es 5 13. Re4¥¢ res[btie&f the B0rd and the iMl¢petyd¢nt •¢¢(wDt•nt The Boatd of the Regi51er¢d Social H(wsing Pmvid¢rig resp)nsible for the prepardiion of the Bccoun15, and they consider thEt the RegisTed Social HOusig PmvideT i% ex¢]npt from an Èlldit. It is our resrA)nsibiknty tocally oui proc•lures d&%igned lo ¢llabl¢ u5 ts) r¢wNt Out (yinion. Btsof oplnlo (hJT prede5 con%i%trd of compxriog the accounts with the books of at¢ouDt kept by the Regisiered S(Kia] H(yuSjD8 PrthvideT and EDaking limid eoqlliyits of tht offjcers of the ReEjStered Housing PtovjdeT W¢ tonsldcd lor tht pllrp)%e of this report. These rrtittdutes pmvide the oll]y 1$5urance ¢Apre55 uk opthi OplnioD In (xwopinton.. Ihe rev¢nue a(¢ h•lknct for the lIK1 elld 31 Dr[nr 25 at¢ in with the Ixx>k8 of a¢covni kept by the Regi%teted Social Housing Provider under 5eruoD 75 of tht C( operatsvc COmmU01Y Beotfit Sttidies Act 2014.. (bl regard on]y io. and on th? bas1% of. thc infornJabOn ¢ontaiDed in the IKN)ks of Kcoullc the yevenue Accouni and balatKe sheet ftsr the eoded 31 DeceDther 2023 comply wjth the requiterDents of the Cw*rntivt aDd Community BeDefii Socidies Act 2014.. Ihe Rewst¢rd Wial Housing Provider met the finala[ c[1a enabliD8 It to disapply the requjtemeni to hav¢ #Tr of the ACCOUDts for the year speCd in geciion ¥4 of the C0ra[1Ve Community Be11 tsidits Act 2014; 8Dd Idl the attounts comply wilh the requirements of ihe Housing and RLgvncTation Aet 28 tht AccounlingD1on for privatr rrgi%t¢reil vIde1% ttf s18] hosing in EnglarKI 2015. 550 Valley Road Bf0rd NoninghBm NG5 IJJ NUVO Aceokntttartcy Ltd Ch8rteted Certified Acc4)untsnts
FARMER & LEMMOIN-CANNON CHAIUTY STATEMEwf OF COMPREHENSIVE INCOME YEAR ENDED 31ST DECEMBER 2023 Nole 2023 2022 37.87¥ 23.652 Owatin8 txwd1tre 27 OmiDg sutpluslld¢firi¢l 21.655 14.2981 trc¢ivbk •nd %tsnilar iocoD IK)5 Totsl ra3upteJrtSive S]USI(defiCjt} for year 27. 6.688 sisd OD lthlfofthe B( M FMcGbec G Dalby 2510312024
FARMER & LEMMOIN.CANNON CIIARITY STATEMENT OF ASSETS AND LIABrn$ YEAR ENDED 31ST DECEMBER 2023 Note IBLE FIXEDA&SETS Hull%ifJg prOrftleS-grnsS co Other fjxed assets 114.616 4.934 202 (FJ9 131.4(K 402,333 321.619 652 617 Ca51L ai b*ts lu hd .623 52,838 AnUnIs lallmg dv¢ within ont y& TOTAL ASSUS CURRENT LIAMILITIES 482.276 J71.911 CREDXTO [1]JE aftcrmote thaD 0e year 1241J871 {159,678) NET ASSEIS CAPAL ATr4D Revaluaiion [r5e¢ Incom¢ 2Th1expthdint account 13 37.SY>5 37.139
FARMER & LEMMOIN-CANNON CHARITY STATEMENf OF ASSETS AND LIABILITIES f¢o*tr¢dJ YEAR ENDED 31ST DECEMBER 2023 Signed on behrthe Board M F McGhee G DbY
FARMER & LEMMOIN-CANNON CHAIUTY NOTES TO THE ANNUAL REPORT AND ACCOUNTS YEAR EIYDED 31. DECEMBER 2023 ACCObThTING POLICIES The RSHP i& irteotrK)rated under the Co-OFerative and Communiry B¢nefit Slett¢s Aci 2014 and ig RtÉiStettd Socia] Housing Proyider. Th¢ pDncipal 1$ at 74 Spiifire CasTJe Dorjiiigion. Deyby. DE74 2AU. B¥sLs of AecountiDg Tht fill5laY sthiements have been ptepared In accoTdallce with applirable accounltng startda including Fing¢141 ReNIng snd3 IQ2 7he FITr171 Rep7nins SrathrdApplicable Fhe UK l Republic of Ireland IFRS102J. thr %tat¢rn¢Dt ol R¢ronun¢nd¢d Ioi knial Housing Provider% 2U14. and with tht Accounting Dsreeuon for privaie TeEl%d pn)vidtrs of social housing tn Englatsd 2015. The fthartCi stsments also prepared uJder the ttqUiTements of the Hou.%ing d Regeneration Act 2(K)8 and the QFLw&uve and c0junity BeDefir S]les Act 2014. The ¢hatiiy iga Public Bertefit Entity as defined by FRSIO2. Th¢ firtancial sL1Ments hAve been ptepated OD a SOiDg concern basis under thc hisrical cost ¢ottventM)n. nlfied by the revaluatioD of vestlS certain fixed asr¢ts. lkn st&temerL¢S prepared in 5rlin8. alld tounded tothe n¢arrst£l. The 518nifi¢ant acLthnling lie1£S applied in the preparniion of these financial stsrnellis are $¢1 o below. ENJ]i¢ies havetttn tonsistendy applied io 8]1 y&4rs pte5ented ]esS othmvE5e slatyj. Turnovcr Turnov¢r i¢preKnts tEJLtyI I]¢ teceivobie. proptrlles Housing properties a1 principa]Iy pTrtEitg Av]b]e for reat and are skied at C051 le55 4lly provision for ([4xeDElMB a itiminution in the tecover&ble seryice pKNeniial of the below lis carrying value in the bal31¢ bbteti less depreciation. Cost includes ihe cosi of quin# and ar buJlding5. develiwmcni ¢OSts. intest charges iDcurred during the dBYelopThenT a{ expendiwte IRcuryed in re5t of imptovements. ImpmYemenLs are wirts io existing pn)perties which result in an incTease ill ihe nei T¢rttal ifJtomÈ, Incl118 a rcduction ifj nJainnance costs or Tesuli in a si8llificani ¢An510n uf the uscful ccufJDniiC life Df the woperty. The RSHP FLpar21y idenufies ibe major which ¢on4Mis¢ IL% hov.ling prorrtie& Aftd thargers depIeciatioD io wriie down the pf each comKvnrni ILS ¢5tiJtuttsl residu va]lle. on a gtr8ight line b&si5. over its e51itnad u5efvl eroDDm)c iitE. The major cOtnpts of Jts housing and theirusefvl econoDYC lives ateasfollow5'. Building &ttuCture K21ch¢DS Bathroo H¢aiin8 l(M) years 20 years 20 ye8r5 15 years Freehold18nd is depreciad. Major conwDenis of hous8 propertie5. suth a5 Istts. hav¢ been x¢owtd for and (kprtthated separately from ibc hw%in8 wperty.
FARMER & LEMMOIN.CANNON CHARITY NOT&S TO THE ANNUAL REPORT AND ACCOUNTS AR ENDED 31 DECEMBER 2023 ACCOtiNrtNG POLIC5 (contiDuedl Other flxtd T?Sible fsxrit assets ate initially measured at costond sthequenily * c051 nei of d¢pTwialion. DePre¢tiOn ¢$ re¢o8nised so as to WTite off c051 of &SEets over theiT U5efvl live6 on th¢ follwn8 Fixiw¢s 4nd fittio8S . IO% str8ighE liThe Wjkte developtnen15 ha who]Iy OT P•tJy by 4rtiAi bowirjg And other sronts. of the R¢eivthl hL% bttn ittcluded as deferred orne aDd tecognised in Turnover over the esti]lled usrful b.fe of the a%t lDtre (Doi land}. under the xCrnS mLNlel. SHG receive41 fTrr of wtito off its Sthtement of ConyeheDsive Incorne Accouni is iDcluded a5 pall of TutRoY¢r. Inv¢4ttnents Yhtcbarity's yests 4re 5thted the m3rk¢t value. thv mid.nJaYket pricequ01 as 81 the balance sheei datrd. Any 5urplvs of thfieii ttvaluatiun is transferred io the reVOn reserve. 21&1. TUBJ¥OVER AND OPERATING SURPLUS FOR THE YEAR Tur1h)v OperatiDg OppTrtiN% surplus I defLCAt Income HThlexpevdJnJre fmm I¢virtgs.'- Hou5in8 Accommodatiort 27.878 16.223 L¥&.. Volds 27.878 16.223 io¢ow¢
FARMER & LEMMOIN.CANNON CHARITY NOTFS TO THE ANNUAL REPORT AND ACCOUNTS YEAR ENDED 31sf DECEMBER 2023 211). TLTrNOVERAND OPERATING DEFIC FOR THE YLIR (cothtlmitd) 22 Turllover Oppralini Opernlthi $urpJus1 defiri¢ bK4)me a ¢xKrtdJ"lur¢ from Ititiog%'.- Housiog A¢rtsmmodion RenLS L.. Voids 23.652 27,950 {4,2981 21bl. Opergthigewnditwt 2023 2022 Services 2.138 Mana8en%nt 3.115 Routtht maiotenar 20.128 D¢prtti8tion Total expenditure on krrings 2.169 102 27,950 TRVESTEKS EMOLUMEN13 The remllneM&oD PAid EO Trusteesof thB As50¢ia¢ion wu.". 2022 E]llo1utDeDt&li]OLnB tfits ifj kind) ToE31 ¢Xpcts$ reimbursed to tht directors notcbarBe4ble io United Kingdom iDEome trx 10
FARMER & LEMMOIN-CANNON CHARITY NOTES TO THE ANNUAL REPORT AND ACCOUNTS YEAR ENDED 311¢ DECEMBER 2023 llNrET RECEIVABIE ANDSIMILIR INCOME Bank in1¢t Profitlll(k%g) on.%8k on investments Vnve%imcnl thcome 279 5,189 537 28 4.036 SURPLUSIIDEFICTD FOR THE YEAR Thi5 is ah¢rcharging".- Accouniancy trmunerallon ID their caparity as Accovlltants 420 420 TAXATION F8rn)er and tkmMoin.CaThm Charity 1% a JEg%TetEd chty. and is, therefore exernpt frorn liabibEy tothxAtionoTh tts incorne and capiul 8>1. TANGIBLEFIXED $rS- HOUSJNG PROPERTIFS hdd forlettknl At l DeCemr 2022 At 31 Deeember 2023 Dtpred*dM.' At I t)ecemkr 202Z Charge for tbe yeBr 148507 Ai 31 De<embEr 2(r23 Dty)k v91ue'. Ai 31 Dec¢mbEI 223 Ai 31 tknmber 2022
FARMER & LEMMOIN-CANNON CHARITY NOTES TO THE Af4NUAL REPORT AND ACCOUNTS YEAR ENDED 31ST DECEMBER 2023 TANGIBLK FIXED A&SETS-OTHER FIXED Flxthre and 15tlin Ai l DeCeMr 2022 Additions 7.(5 At 31 DecetDter 2023 Deprtti4tion: Ai I tkcember 2022 Char8e f4)r the yr 2.1 494 At 31 tkttmlxr 2023 At 31 December 2023 Ai 31 [ketmr 2ff22 xED. ASSETS ThVLSTMENt8 tnveytments Ai l DEce]thr 2022 Addjuorts 13.144 157.9551 766 RevaiOn% Al 31 Deeejthr 2023 T]Je faValUe of bsied invcstments is determined by referellce to the quoted wice foridenti¢aJ assets an activc market ai the bajance sheet date. 12
FARMER & LEMMOIN-CANNON CHARITY NOTES TO THE ANNUAL REPORT AND ACCOUNTS YEAR ENDED 31ST DECEMBER 2023 20 2022 DEBTOJLS Amounts lalling due withjn one y¢¥r.- Prepayments ad a¢cTued inr(xDr 652 617 Ith CRED0¥ (&mQUJhts due wlthlD oiie ytArl AccNals de1Ce itKorne Defe¢ capjthl 8ranl15ee nDte 12) 637 11. CREDITORS (amounts du¢ ft¢r y¢arl Dtlerred capital graDi (see no 12) Defe¢d capltal 8ranl15ec nD 12) 39,6 Al I tktemEr 2022 R¢l¢a¥d to Incon in the ye4r 1615 161.587 At 31 December2023 knounts due to iJet¢l¢As¢d < i year Amounts due to b¢ ¢l¢ased > i year io,( 13. REVALUATION R&SERV% At l De£efftlrr2022 Sutplvs on Tevalu*ivn of quoted inveSthts 37,139 706 41.577 At 31 D¢wtr2023
FARMER & LEMMOIN-CANNON CHARITY DrfAILED INCOME AND EXPENDITURE ACCOi7NT YEAR ENDED 31ST DECEMBER 21123 Rengs teceivabk Grani income 27.87g 23,652 37.878 23,652 Exptlldltmre Clerk honDrArium Rep*irs ADd maillteDallce Alarm maintenance Properly teppirs adDlten#1e Survey 271 7J44 Premiw In¥utante Subscripuoog Leg and professioDal fee5 AceountaDcy fees Sundry exp$ B8nkcharBes 1.147 429 3Z5 420 145 343 815 420 76 135 Deprt<ialiffl VI1&8dts[M HousiDg Pe¢S FIxw% riiiitt88 .737 432 OEKratUL8 wrplu%l{defieitl 14