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 ASS￿la110n wtÈ¢ulars Sl&temeDt of Boatd's re5POThsibibties Sth*tDeDi of coThpteLKn&ive income B￿2￿ct Aheet Notes relating to the f￿ancIal StateD￿￿ts 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 re8is*red 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 Pro￿310￿ of trBted a¢£ommodation tts •gea ws Casth tlonington a￿L conwises 10 proFrtrties. G Dalby M FMcGhee A Logan M KenyoD J ZthI￿nYj M Rogers The w1￿1paI offi¢e i5 at 74 Spiffirt Ro*l, Castk Downgton, Detby, DE74 2AU. Rd¢v￿t orE•ni￿tIoTh HSBC Bank pic 41 M&ket Platt Long Eaton Noti2D8ha￿￿h1te NGIO IJN Nuvo Ltd Ceffjfied Chart¢tril Are￿n￿nts 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% ￿$1￿#1￿]￿ for￿parIng the report and fina￿la1 in *¢ffid￿¢¢ with wlicable law and ttgttlAlions. The C(wrAiive and Community Benefii S(Kieuas kn1 2U14 te8i$téreA soei8] housing legislation Tequir¢ the board io tKepate fJDancial siatements for each filw￿l￿1 y¢XT which give a tNe aftd fair view of the statE uf*ff8irs of the associaiion and of its )nc(yme cxErtKliwr¢ fnr thpt ￿1{Al. ID wep8ring the fJDarKial sw¢n￿Lts. the BoJTdi$ io".. l. ScleL* SUitHble attoutstitigw>b¢ies und then 4wly them cortsislen￿y. 2. jud8em¢ntg and eSti[￿leS that are rea50]thle and pNthnt. 3. State Wkneth￿ appti¢able ac¢ouniing $iandard% have bteD followed, subject ro aDy n)￿la1 departwres di￿10$¢￿ and explaintd in the fj1￿Cial 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 fi1￿CIal 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]$1¢1¢d providers of s(Kia] housing in En8land 2015. li h&s geDeTai Te5wnsihilily ftr ￿11￿8 reasonable steps 10 SafegU￿d the ass¢ts of the a8wi&uon and to tKevent atsddetr¢¢ ftaud and (ther irregul￿1*e5. On behalf of the Board Mrm F M¢Gke D&te'. 25m3r2024 FARMER & LEMMOIN-CANNON CHAIUTY ACCOUNfANTS' REPORT TO THE MEMBERS ON THE UNAUDrrLD ACOOUNIS OF FARMER & LEMMOIN-CANNON CHARrrY YEAR ENDED 31$f DECEMBER 2023 We report on the foT tht Ye#ren￿ 31 Decemter2023 setoui on PA8es 5 ￿ 13. Re4￿￿¥¢ res[￿￿b￿tie&￿f the B0￿rd 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 Regis*Ted Social HOusi￿g 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. B**tsof oplnlo (hJT pr￿ed￿e5 con%i%trd of compxriog the accounts with the books of at¢ouDt kept by the Regisiered S(Kia] H(yuSjD8 PrthvideT and EDaking limi*d eoqlliyits of tht offjcers of the ReEjStered Housing PtovjdeT ￿ W¢ tonsldc￿d lor tht pllrp)%e of this report. These rrtittdutes pmvide the oll]y 1$5urance ¢Apre55￿ uk opthi OplnioD In (xwopinton.. Ihe rev¢nue a￿(￿￿¢ h•lknct for the ￿lIK1 elld￿ 31 D￿r[n￿r 2￿5 at¢ in with the Ixx>k8 of a¢covni kept by the Regi%teted Social Housing Provider under 5eruoD 75 of tht C( operatsvc ￿COmmU01Y Beotfit Sttidies Act 2014.. (bl regard on]y io. and on th? bas1% of. thc infornJabOn ¢ontaiDed in the IKN)ks of Kcoullc the yevenue Accouni and balatKe sheet ftsr the eoded 31 DeceDther 2023 comply wjth the requiterDents of the Cw*rntivt aDd Community BeDefii Socidies Act 2014.. Ihe Rewst¢rd Wial Housing Provider met the fina￿la[ c￿￿[1a enabliD8 It to disapply the requjtemeni to hav¢ #Tr of the ACCOUDts for the year speC￿￿d in geciion ¥4 of the C￿0￿ra[1Ve Community Be￿11 tsidits Act 2014; 8Dd Idl the attounts comply wilh the requirements of ihe Housing and RLgvncTation Aet 2￿8 tht AccounlingD￿1on for privatr rrgi%t¢reil ￿vIde1% ttf s￿18] ho￿sing in EnglarKI 2015. 550 Valley Road B￿f0rd NoninghBm NG5 IJJ NUVO Aceokntttartcy Ltd Ch8rteted Certified Acc4)untsnts FARMER & LEMMOIN-CANNON CHAIUTY STATEMEwf OF COMPREHENSIVE INCOME YEAR ENDED 31ST DECEMBER 2023 Nole 2023 2022 37.87¥ 23.652 Owatin8 txwd1t￿re 27 OmiDg sutpluslld¢firi¢l 21.655 14.2981 trc¢iv*bk •nd %tsnilar iocoD IK)5 Totsl ra3upteJ*rtSive S￿]USI(defiCjt} for year 27. 6.688 sis￿d OD lthlfofthe B( M FMcGbec G Dalby 2510312024 FARMER & LEMMOIN.CANNON CIIARITY STATEMENT OF ASSETS AND LIAB￿rn￿$ YEAR ENDED 31ST DECEMBER 2023 Note IBLE FIXEDA&SETS Hull%ifJg prOr￿ftleS-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 h￿d .623 52,838 An￿UnIs lallmg dv¢ within ont y& TOTAL ASSUS CURRENT LIAMILITIES 482.276 J71.911 CREDXTO [￿1]￿JE aftcrmote thaD 0￿e year 1241J871 {159,678) NET ASSEIS CAP￿AL ATr4D Revaluaiion [r5e￿¢ Incom¢ 2Th1expthdin￿t 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 beh￿r￿￿the Board M F McGhee G D￿bY 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 S￿lett¢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 fill5￿￿laY sthiements have been ptepared In accoTdallce with applirable accounltng startda including Fing￿¢141 Re￿NIng s￿nd3￿ IQ2 7he FITr￿1￿71 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￿ sts*ments also prepared uJder the ttqUiTements of the Hou.%ing d Regeneration Act 2(K)8 and the QFLw&uve and c0j￿unity BeDefir S￿]￿les Act 2014. The ¢hatiiy iga Public Bertefit Entity as defined by FRSIO2. Th¢ firtancial sL1￿Ments hAve been ptepated OD a SOiDg concern basis under thc his￿rical cost ¢ottventM)n. n￿￿lfied by the revaluatioD of ￿ves￿￿t￿lS certain fixed asr¢ts. lkn st&temerL¢S prepared in 5*rlin8. alld tounded tothe n¢arrst£l. The 518nifi¢ant acLthnling ￿lie1£S applied in the preparniion of these financial sts*rnellis are $¢1 o below. ENJ]i¢ies havetttn tonsistendy applied io 8]1 y&4rs pte5ented ￿￿]esS othmvE5e slatyj. Turnovcr Turnov¢r i¢preKnts tEJLtyI I]￿￿¢ teceivobie. proptrlles Housing properties a￿1 principa]Iy pTrtE￿itg Av￿]￿b]e for reat and are skied at C051 le55 4lly provision for ([4￿xeDElMB a itiminution in the tecover&ble seryice pKNeniial of the below lis carrying value in the bal31￿¢ bbteti less depreciation. Cost includes ihe cosi of ￿qui￿n# and ar￿ buJlding5. develiwmcni ¢OSts. inte￿st charges iDcurred during the dBYelopThenT a￿{ expendiwte IRcuryed in re5￿t of imptovements. ImpmYemenLs are wirts io existing pn)perties which result in an incTease ill ihe nei T¢rttal ifJtomÈ, Incl￿11￿8 a rcduction ifj nJain*nance costs or Tesuli in a si8llificani ¢A*n510n uf the uscful ccufJDniiC life Df the woperty. The RSHP FLpar2*1y idenufies ibe major which ¢on4Mis¢ IL% hov.ling pror*rtie& Aftd thargers depIeciatioD io wriie down the pf each comKvnrni ￿ ILS ¢5tiJtuttsl residu￿ va]lle. on a gtr8ight line b&si5. over its e51itna*d u5efvl eroDDm)c iitE. The major cOtnp￿ts of Jts housing and theirusefvl econoDYC lives ateasfollow5'. Building &ttuCture K21ch¢DS Bathroo H¢aiin8 l(M) years 20 years 20 ye8r5 15 years Freehold18nd is deprecia*d. Major conwDenis of hous￿8 propertie5. suth a5 Istts. hav¢ been x¢owt*d for and (kprtthated separately from ibc hw%in8 wperty. FARMER & LEMMOIN.CANNON CHARITY NOT&S TO THE ANNUAL REPORT AND ACCOUNTS AR ENDED 31￿ DECEMBER 2023 ACCOtiNrtNG POLIC￿5 (contiDuedl Other flxtd T?￿Sible fsxrit assets ate initially measured at costond sthequenily * c051 nei of d¢pTwialion. DePre¢￿tiOn ¢$ 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]ll*ed usrful b.fe of the a%*t ￿lD￿t￿re (Doi land}. under the xCrn￿S mLNlel. SHG receive41 fTrr of wtit￿o off its Sthtement of ConyeheDsive Incorne Accouni is iDcluded a5 pall of TutRoY¢r. Inv¢4ttnents Yhtcbarity's ￿yes￿￿ts 4re 5thted ￿ the￿ m3rk¢t value. thv mid.nJaYket pricequ0￿1 as 81 the balance sheei datrd. Any 5urplvs of thfieii ttvaluatiun is transferred io the reV￿￿￿￿On 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 $urpJus1 defiri¢ bK4)me a￿￿ ¢xK*rtdJ"lur¢ from Ititiog%'.- Housiog A¢rtsmmod*ion RenLS L￿.. Voids 23.652 27,950 {4,2981 21bl. Opergthigewnditwt 2023 2022 Services 2.138 Mana8en%nt 3.115 Routtht maiotenar 20.128 D¢prtti8tion Total expenditure on krrings 2.169 102 27,950 TRVESTEKS EMOLUMEN13 The remllneM&oD PAid EO ￿ Trusteesof thB As50¢ia¢ion wu.". 2022 E]llo1utDeDt&li￿]￿OLnB ￿￿tfits ifj kind) ToE31 ¢Xpcts￿$ 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 llNrE￿T 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 ch￿￿ty. and is, therefore exernpt frorn liabibEy tothxAtionoTh tts incorne and capiul 8>1￿. TANGIBLEFIXED ￿$r￿S- HOUSJNG PROPERTIFS hdd forlettknl At l DeCem￿r 2022 At 31 Deeember 2023 Dtpred*dM.' At I t)ecemkr 202Z Charge for tbe yeBr 148507 Ai 31 De i year io,( 13. REVALUATION R&SERV% At l De£efftlrr2022 Sutplvs on Tevalu*ivn of quoted inveSth￿ts 37,139 706 41.577 At 31 D¢wtr2023 FARMER & LEMMOIN-CANNON CHARITY DrfAILED INCOME AND EXPENDITURE ACCOi7NT YEAR ENDED 31ST DECEMBER 21123 Rengs teceivabk Grani income 27.87g 23,652 37.878 23,652 Exptlldltmre Clerk honDrArium Rep*irs ADd maillteDallce Alarm maintenance Properly teppirs a￿dD￿l￿ten#1￿e Survey 271 7J44 Premiw In¥utante Subscripuoog Leg￿ and professioDal fee5 AceountaDcy fees Sundry exp￿$ B8nkcharBes 1.147 429 3Z5 420 145 343 815 420 76 135 Deprt