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Harrison and Potter Trust
Trustees, Annual Report and Financial statements
for the year ended
31 December 2023
Registered Charity No.. 1179665

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Harrison and Potter Trust
FINANCIAL STATEMENTS
Year ended 31 December 2023
CONTENTS
Page No..
Officers and Charity information, including reference and admini5trBtive details
Report of the Trustees
Statement of Trustees. Responsibilities and Trustees. Approval
Audit Report
Statement of Finèncial Activities (incorporating the Income and Expenditure Account)
13
Balance Sheet
14
Statement of cash flows
15
Notes to the Financial Statements
16

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Harrison and Potter Trust
OFFICERS AND CHARITY INFORMATION
Year ended 31 December 2023
Reference and admlnlstratlve detalls
TRUSTEES
Mr M C Andrews IChairm8nl
Dr l A Blomfield
Mrs G M Cartwright
Mr N A Wainman
Mrj Campbell
Mr M A Payne
Mrssm Higgs
Mrlwshaw
Mr M J Wilson
BANKERS
Natwest plc
8 Park Row
Leeds
LSI IQS
Barc13ys 83nk plc
10 Market street
Bradford
BDI INR
INVESTMENT MANAGEMENT
Rathbones incorporating Investec Wealth & Investment
4th floor
Wellington Place
Leeds
LSI 4AP
ALMSHOUSE MANAGEMENT
54 North Homes (formerly Leeds and Yorkshire Housing
Assoclationl
Floor
White Rose Hous&
8 Otley Road
Headinglev
Leeds
LS6 2AD
AUDITOR
Saffery LLP
Mitre House
North Park Road
Harrogate
HGI SRX
REGISTERED OFFICE
clo Wrigley5 Solicitor5 LLP
3 Floor
3 Wellington Place
Leeds
LSI 4AP
REGISTERED CHARITf NUMBER
1179665
SUBSIDIARY HOMES AND COMMUNITIESAGENCY
NUMBER
A1920

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Harrison and Potter Trust
REPORT OFTHE TRUSTEES
Year ended 31 December 2023
The Trustees present their annual report together with the financial statements for the year ended 31
December 2023.
The financial statements comply with the Charities Art 2011 and Accounting and Reporting bv
Charities.. Statement of Recommended Practice 2019 applicable to charities preparing their accounts
in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
1021 (effective I january 20191.
OBJEcfivES AND AcfiviTIES
The objects of the CIO are two fold being the provision of almshouses and the relief of financial
hardship. The CIO carries out these objects by=
maintaining almshouse developments at Lovell Park Road and Raglan Road in Leeds.
providing grants to organisations and to projects in Leeds which alleviate financial hardship,
particularly in relation tts housing.
The Tru5tee5 recognise their dLJtie5 under the Charitie5 Act 2011 Bnd have referred to the Charity
Commission's guidance on public benefit when reviewing the Charity's activities and compiling this
report.
The artivities described above, and explained IN more detail in the following 5ection5, are con515tent
with the CIO'S values and aims which, in turn, derive from its charitable objects.
Almshouse pollcy
The almshouse operation aims to provide comfortable and well maintained accommodation in
pleasant surroundings.
Accommodation at the almshouses comprise thirty two bedsits suitable for single occupancy and two
2 bedroomed flats at Lovell Park Road and eighteen houses/flats suitable for single occupancy or for
couple5 at Raglan Road. To be eligible, applicants must be in financial hardship and resident in Leed5,
although up to twenty persons can be appointed who are resident within a twenty mile radius Of the
Civic Hall in Leeds. the Town Hall in Wakefield and the Guild Hall in York.
The day to day management of the almshouses is handled by 54 North Homes, who report regularlv
to the Trustees. The weekly maintenance contribution paid by residents is set annually in accordance
with national guidelines. The almshouse operation is largely self-funding.
Grant making policv
The CIO has established its grant making policy to achieve its objects for the public benefit, subject
however to the geographical restraints imposed by the founding Scheme. Under the terms of the
CIO'S Scheme. the individuals supported by organisations must be resident in the City of Leeds.

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Harrison and Potter Trust
REPORT OF THE TRUSTEES (Continued)
Year ended 31 December 2023
The Trustees invite applications from locally based charities with local projerts aimed at either the
prevention or alleviation of financial hardship. Projects include debt counselling, provision of housing
and purchase of equipment. Grants are not made towards general running costs including salarie5,'
nor can the charity commit to repeat grants.
ACHIEVEMENTSAND PERFORMANCE
The CIO has 2 principal aims:
l. The maintenance and provision of sheltered supported living units at Lovell Park and Raglan Road
These are available to anyone over 55 years of age who is in financial hardship and needing socially
supported living.
Following the transfer of the operations of the two almshouses, Lovell Park and Raglèn Road to the
Clo the CIO seeks to maintain the standard of the almshouses following their refurbishment in
2010111. The CIO has sought to maintain this good standard accommodation through focused input
particularly drawing on the individual skills and knowledge of Trustees. The day to day review of the
propertie5 and the provision of the social 5UPPQrt are provided by the Managing Agent 54 North
Homes. Overall occupancy is high and voids are actively advertised by 54 North Homes.
2. Grant making to local Charities
These are made with surplus funds from investments that have not been required by the charity for
the properties.
The Trustees have chosen to largely support a network of charities. unique to Leeds. who support the
elderly population in the communitie5 Wlth particular emphasis Social isolation and hardship. They
are endeavouring to improve quality independent life in their local communities. Grants are made for
facilities, projects and activities, not for staffing and recurring costs. Grants to the total of £46.636
12022.. £39,457) were made in this financial year.
Investment performance
At the year-end the portfolio was valued at £4,690,333 generating a projected annual income of
£134,758 or 2.85%. The last quarter of 2023 saw high positive returns from all benchmark asset
tla5ses, and thi5 has been reflected iri a positive performance on the portfolio. Over this short period
the portfolio posted a pleasing total retLJrn of 5.1% which, 15 impressive in ab501ute terms but is a150
good in relative term5, beating the benchmark return of 4.68%. In the main, it has been a good year
for the portfolio's returns as investments revalue into a new interest and inflation environment.
Political events in Ukraine and Israel continue to dominate headlines and although both are
humanitarian disasters they are, so far, contained, and localised events. As it stands, unless
ten5ion5 spread, these macro events do not seem to be adding to inflation concerns through
oil prices.
On the advice of our investment managers, we continue to retain a slightly defensive posture on the
Harrison & Potter portfolio by being modestly underweight equitie5, while continually looking for
opportunities to present themselves.

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Harrison and Potter Trust
REPORT OF THE TRUSTEES (Continued)
Year ended 31 December 2023
Financial review
During the year the CIO continued to operate almshouses at Raglan Road and Lovell Park Road on a
broadly self-funding basis and to make grants to individual residents and to local charitable
organisation supporting those in financial need.
Net income for the year was £231,80312022'. net expenditure of £822,868). Gain on investments for
the year, included within the net income for the year, amounted to £117,538 12022.. Loss on
inve5tment5 £585,0451.
A detailed survey was carried out on the sites at Lovell Park and Raglan Road in 2021. This highlighted
the need for major repair and maintenance expense5 at both 51tes. This resulted in unusually high
repair and maintenance expenditure in the 2022 year of £372,406.
Transfer5 of £75,24412022.. £69,628), were mède to designated reserves from the general fund in
connection with the housing propertie5 for cyclical maintenance and extraordinary repair5.
Reserves policy
The policy of the Trust is to maintain suflicient capital to enable the Trustees to carry out both the
short term and lon8-term objectives of the charitv.
The charity's restricted reserves consisted of the Permanent Endowment represented by the two
Almshouses at Lovell Park and Raglan Road in Leeds. In the prior year the permanent endowment on
inve5tment5 Wa5 lifted and the total funds were transferred to the unrestricted reserves. The
permanent endowment on the Almshouse sites remains.
The Designated funds amounting to £585,990 at 31 December 2023 are in line with the guidance
provided by the Almshouse Association '5tandard5 of management" and are Considered by the
Tru5tee5 to be at an appropriate level.
The group's total re5erve5 amount to £6,960,221 at 31 December 2023, with £6,642,104 held within
the CIO. Within this the Trustees have considered the level of free reserves of the charity which
amount to £1.381,961. Free reserves include cash held on short term deposit with the investment
manager5 of £56,242. In Setting the level of reserves the Tru5tee5 take into account the need to keep
operating should the charity suffer a loss of income or should operations be disrupted in determining
the level of unrestricted funds. The Trustees also have regard to the likely cost of updating the
properties and investing in fixed assets and to be able to withstand adverse events that can be
reasonably foreseen. The Almhouses are likely to require additional capital expenditure going forward
as the Almhouses become older.
Given all these considerations and the fact that the Trustees have designated funds of £585,990 for
ad-hoc maintenance and extraordinary repairs, in addition to the free reserves, the Trustees are of
the view that the level tsf free reserves are at an appropriate level to enable the CIO to meet its
objectives and activities in the future.

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Harrison and Potter Trust
REPORT OF THE TRUSTEES (Continued)
Year ended 31 December 2023
Risk factors
The Trustees have assessed the major risks to which the CIO is exposed and are satisfied that systems
are in place to mitigate exposure to the major risks.
The Trustee5 maintain a Risk Register which is discussed at the quarterly meetings of trustees and
updated as necessary.
Value for Money
The Trust is committed to achieving Value for Money IVFMI and to focus on embedding good practice
into the whole Trust. The tru5tee5 have adopted a Value for Money Strategy which identifies the
ambitions of the trust to move towards a transformational approach to VFM.
VFM has been defined as the relBtionship between eeonomy, efficiency and effectiveness. VFM is high
when there is an optimum balance between all three.. relatively low cost, high productivity and
successful outcomes. VFM is about running a viable social business and looking to continually improve
VFM activities have the following objectives at all levels and functions within the Trust.
To embed the VFM strategy and continuous improvement in the organisation's culture
To adopt further good prartice in relation to VFM, reducing risk of expostjre to financial and
material waste.

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Harrison and Potter Trust
REPORT OF THE TRUSTEES (Continued)
Year ended 31 December 2023
VFM Metrics
l- Reinvestment percentage
INew investment in properties as a percentage of total properties heldl
2023
2022
2A- New supply delivered Ipercentagel
(New social housing units developed as a percentage of social housing units
held)
NIA
NIA
2B- New supply delivered Inon-social housing units)
(Non-sotial housing units developed as a percentage of total housing units
owned)
NIA
NIA
3- Gearing percentage
(Loans less cash as a % of the value of housing properties)
N/A
NIA
4- EBITDA MRI interest cover percentage
N/A
N/A
5- Headline social housing cost per unit
(Social housing costs excluding depreciation divided by social housing units
owned)
£5,843
£11,629
6A- Operating margin
(Operating surplus a5 a percentage of turnover from Social housing letting51
-1%
-93%
6B- Operating margin overall
(Operating Surplus 35 a percentage of turnover)
-62%
7- Return on capital employed IROCEI percentage
(Operating surplus as a % of total assets less current liabilities)
PLANS FOR THE FUTURE
The Charity plans to continue the artivities outlined above and no material change is anticipated in
the way the almshouse operation is managed in the next financial year. The Charity intend5 t
continue to make grants as part of it5 charitable activities during 2024 at a Similar level.
The trustees are conscious that the accommodation provided to residents is in need of significant
modernisation in the long term. Trustees are exploring all options, including redevelopment of existing
sites or building new accommodation. Sincethe year end, discussions have continued with consultants
specialising in almshouse development and funding. It is the intention of the Trustees to proceed with
a planning application relating to one of the site5 during the current year.
srRucfuRE, GOVERNANCE AND MANAGEMENT
The Harrison and Potter Trust is a charitable incorporated organi5ation con5titLJted under a Scheme
of the Charity Commission dated 24 August 2018 and is a Registered Charity, number 1179665. The
CIO succeeded to the charitable activities Of Harrison and Potter by way of a transfer of assets on 31
December 2019 from Harrison and Potter Trust, which 15 a Registered ChaTlty, number 1179665-1.

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Harrison and Potter Trust
REPORT OF THE TRUSTEES (Continued)
Year ended 31 December 2023
The linked Charity. Harrison and Potter Trust Charity Number 1179665-1, is registered with Homes
and Comm(JNities Agency A1920.
The body of Trustees comprises a maximum of eleven persons.. minimum of four persons.
Other than the original trustees appointed on 24 August 2018, new trustees are appointed for a term
of 3 years, after which period, they may put themselves forward for reappointment. The Trustees
meet quarterly in February. May, August and November and at the February meeting elect a Chairman
for the forthcoming year.
The meetings in May and November focus primarily on financial and investment matters including
annual accounts. budgets for the almshouse operations, investment performance and funding
available ft)r grants. The almshoLJse operation and welfare and need5 of the residents of the
almshouses are reviewed with the managing agents at the quarterly meetings.
To assist the day to day administration of the CIO. there is a finance and investments sub-committee.
In addition, individLJal Trustees liaise with the managing agents reg3rding welfare or property matters
throughout the year.
A special capital projects sub-committee has been set up by the Trustees to oversee the proposed
development project.
All Trustees give of their time freely and no Trustee remuneration is paid. Trustees are appointed bv
a resolution of the existing Trustees passed at a special meeting.
On 16th July 2021 the trustees entered into a new almshouse management agreement with 54 North
Homes. This agreement sets out in detail the manaEement seNices to be provided by 54 North Homes
in relation to the almshouses, key performance measure5, delegation leve15 and management
reporting mechanisms. The agreement is subject to review on an annual basis.
STATEMENT AS TO DISCLOSURE OF INFORMATION TO THE AUDITOR
The Trustees who were in office on the date of approval of these financial statements have confirmed,
as far as they are aware, that there is no relevant audit information of which the auditor is unaware.
Each of the Trustees has confirmed that they have taken all the steps that they ought to have taken
as Trustees in order to make themselves aware Df any relevant audit information and to establish that
it has been communicated to the auditor.

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Harrison and Potter Trust
REPORT OF THE TRUSTEES (Continued)
Year ended 31 December 2023
STATEMENT OF THE RESPONSIBIUTIES OF THE TRUSTEES
The Trustees are responsible for preparing the Trustees, report and the financial statements in
accordance with applicable law and United Kingdom Accounting Stsndards (United Kingdom Generallv
Accepted Accounting Practice).
Charity law, in England and Wale5, require5 the Trustees to prepare financial statements for each
financial year which give a true and fair view of the state of affairs of the charity and of its incoming
resources and application of resoLJrces of the charity for that period. In preparing these financial
statements, the Tru5tee5 are required to..
select suitable accounting policies and then apply them consistently..
observe the methtsds and principles in the Charities SORP IFRS1021',
make judgements and estimates that are reasonable and prudent,.
state whether applicable accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements,. and
prepare the financial statements on the going concern ba515 unle55 It is inappropriate to
presume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable
accuracy at èny time the financial positi(>n of the charity and enable them to ensure that the financial
statements comply with the Charities Art 2011 and the provisions of the trust deed. They are a150
responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the
prevention and detection of frèud and other irregularities.
20 June 2024
This report was approved by the Trustees on...........-..-..-..-...
AC2C9D411
ainman
Trustee
DÈ¢uSignèd by.
amp
Trustee

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Harrison and Potter Trust
INDEPENDENT AUDITOR'S REPORTTO THE TRUSTEES
Year ended 31 December 2023
Oplnlon
We have audited the financial 5tatement5 of Harri50n 3nd Potter Trust for the year ended 31
December 2023 which comprise the Statement of Financial Activities, Balance Sheet, Statement of
Cash Flows and notes to the financial statements, including significant accounting policies. The
finantial reporting framework that has been applied in their preparation is applicable law and United
Kingdom Accounting Standards, including Financial Reporting Standard 102, the Financial Reporting
Standard applicable in the UK and Republic of Ireland (United Kingdc)m GenerallyAccepted Accounting
Practice).
In our opinion the financial statements..
give a true and fair view of the state of the charity's affairs as at 31 December 2023 and Df its
incoming resources and application of resources for the year then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice,. and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and
applicable law. Our responsibilities under th()se standards ère further described in the Audit(>r's
re5ponsibilitie5 for the audit of the financial statements section of our report. We are independent of
the charity in accordance with the ethical requirements that are relevant to our audit of the financial
statements in the UK, including the FRC'5 Ethical Standard, and we have fulfilled our other ethical
re5ponsibilitie5 in accordance with these requirements. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusion5 relating to 8oin8 concern
In auditing the financial statements, we have concluded that the trustees. use of the going concern
basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to
events or conditions that, individually or collectively, may cast significant doubt on the charity's ability
to continue as a going concern for a period of at least twelve months from when the financial
statements are authori5ed for issue.
Our responsibilities and the responsibilities of the trustees with respecttogoing concern are described
in the relevant section5 of this report.
Other information
The trustees are responsible for the other information. The other information comprises the
information included in the annual report, otherthan the financial statements and our auditorfs report
thereon. Our opinion on the financial statements does not cover the other information and, except to
the extent otherwise explicitly stated in our report, we do not express any form of assurance
conclusion thereon.

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Harrison and Potter Trust
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES Icontinuedl
Year ended 31 December 2023
Our responsibility is to read the other information and, in doing so, consider whether the other
information is materially inconsistent with the financial statements or our knowledge obtained in the
course tsf the audit or otherwise appears to be materially misstated. If we identify such material
inconsistencies or apparent material misstatements, we are required to determine whether this gives
rise to a material misstatement in the financial statements themselves. If, based on the work we have
performed, we eontlude that there is a material misstatement of this other information,. we are
required to report that fart.
We have nothing to report in thi5 regard.
Matters on whlch we are requlred to report by exceptlon
We have nothing to report in respert of the following matters in relation to which the Charities
(Accounts and Reports) Regulations 2008 require LJS to report to you if, in our opinion..
the information given in the Trustees, Annual Report is inconsistent in any material respect
with the finantial ststements,. or
the Charity has not kept sufficient accounting records.. or
the financial statements are not in agreement with the accounting record5 and returns,. or
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the Tru5tee5' Responsibilities Statement set out on page 8, the trustees are
responsible for the preparation of the financial statements and for being satisfied that they give a true
and fair view, and for such internal control as the trustees determine is necessary to enable the
preparation of financial statements that are free from material misstatement, whether due to fraud
or error.
In preparing the financial statements, the trustees are re5ptsnsible for assessing the charity's ability to
continue as a going concern, disclosing, as applicable, matters related to going concern and using the
going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease
operation5, or have no realistic alternative but to do 50.
Auditor< responsibilities for the audit of the financial statements
We have been appointed as auditors under the Charities Att 2011 and report in accordance with
regulations made under that Act.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from material mi55tatement, whether due to fraud or error, and to 155ue an auditors, report
that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee
that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when
it exists. Mi5Statement5 can arise from fraud or error and are considered material if, individually or in
the aggregate, they could reasonably be expetted to influence the economic decisions of users taken
on the basis of these financial statements.

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Harrison and Potter Trust
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES Icontinuedl
Year ended 31 December 2023
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to detect material misstatements in
respert of irregularities, including fraud. The specific procedures for this engagement and the extent
to which these are capable of detecting irregularities, including fraud are detailed below.
Identifying and a55e55ing risk5 related to irregularitie5'.
We assessed the susceptibility of the charity's financial statements to material misstatement and how
fraud might occur. including through discussions with the trustees, discussions within our audit team
planning meeting, updating our record of internal controls and ensuring these contro15 operated a5
intended. We evaluated possible incentives and opportunities for fraudulent manipulation of the
financial statements. We identified laws and regulations that are of significance in the context of the
charity by discussions with trustees and updating our understanding of the sector in which the charity
operates.
Laws and regulations of direct significance In the Context of the eharity include the Charities Act 2011,
the Charities IAccounts and Reports) Regulations 2008 and guidance issued bythe Charity Commission
for England and Wales.
Audit response to risks identified..
We considered the extent of compliance with these laws and regulations as part of our audit
procedure5 On the related financial statement items including a review of financial statement
disclosures. We reviewed the charity'5 records of breache5 of laws and regulations, minutes of
meetings and correspondence with relevant authorities to identify potential material misstatements
arising. We discLJssed the charity'5 policies and procedures for tompliante with13w5 and regLJlat10115
with members of management responsible for compliance.
During the planning meeting with the audit team. the engagement partner drew attention to the key
areas which might involve non-compliance with laws and regulations or fraud. We enquired of
management whether they were aware of any instances of non-compliance with laws and regulations
or knowledge of any actual, suspected or alleged fraud. We addressed the risk of fraud through
management override of controls bytesting the appropriatene55 of journal entries and identifying any
significant transactions that were unusual or outside the normal course of business. We assessed
whether judgements made in making accc)untinE estimates gave rise to a possible indication of
mènagement bia5. At the tompletion stage of the audit, the engagement partner's review included
ensuring that the team had approached their work with appropriate professional scepticism and thus
the capacrty to identify non-compliance with laws and regulations and fraud.
There are inherent limitations in the audit procedures described above and the further removed non-
compliance with laws and regulations is from the events and transactions reflected in the financial
statements, the less likely we would become aware of it. Also, the risk of not detecting a material
misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud
may involve deliberate concealment by. for example, forgery or intentional misrepresentations, or
through collusion.
A further description of our responsibilities is available on the Financial Reporting Council's website
at.. www.frc.or
auditorsre5
on51bilitie5. Thi5 description form5 Part of our auditor'5 report.

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Harrison and Potter Trust
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES Icontinuedl
Year ended 31 December 2023
Use of our report
This report is made solely to the charity's trustees. as a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state
to the trustees those matters we are required to state to them in an auditor's report and for no other
purpose. To the fullest extent permitted by law, we do not attept or assume responsibility to anyone
otherthan the charity and the trustees as a body, ft)rour auditwork, forthi5 report, orforthe opinions
we have formed.
[.fvJ LLP
Saffery LLP
Statutory Auditor5
Mitre House
North Park Road
Harrogate
North Yorkshire
HGI 5RX
Date..
24 June 2024
Saffery LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006.
12

Docusign Envelope ID.. 1F1A841D-C4744391-B4DSC912D3FCF288
Harrison and Potter Trust
STATEMENT OF FINANCIAL ACtIVlTIES (incorporating the Income and Expenditure account)
Year ended 31 December 2023
Unrestrirted
funds
Restricted
funds
Total funds
2023
Total funds
2022
Notes
Income from:
Charitable activities
Investments
Total
362,331
193,738
556,069
362.331
193.738
556,069
344,438
170,854
515,292
Expendlture on..
Raising funds
Charitable activities
Total
27,629
396,983
424,612
27,629
414,175
441.804
31,777
721,338
753,115
17,192
17.192
Net gainslllossesl on
investments
12,13
117,538
117,538
1585,0451
Net Income /
lexpenditurel
248,995
117,1921
231.803
1822.8681
Transfers between
funds
18
Net movement in
funds
248,995
117,1921
231,803
1822,8681
Reconciliation of
funds..
Total funds brought
forward
6.393.109
335.309
6,728,418
7,551.286
Totsl funds carrled
forward
18
6,642,104
318.117
6,960,221
6.728,418
20￿￿?2024
The financial statements were approved by the Trustees on.
and signed on their behalf by..
DocuSi9ned by.
DDcuSwJnEdby".
8CA4BQAC3CSD411
4142E47Q3￿￿Ql
Mr N Wainman
Trustee
Mr J Campbell
Trustee
The notes on pages 16 to 29 form part of these accounts.
13

Docusign Envelope ID.. 1F1A841D-C4744391-B4DSC912D3FCF288
Harrison and Potter Trust
BALANCE SHEET
as at 31 December 2023
Note
2023
2022
Flxed assets
Tangible assets
Investment properties
Investments
li
12
542,927
345,000
4.746,575
598,851
345,￿0
4,637,479
13
Total flxed assets
5.634.502
5.581.330
Current asset5
Debtors
Inve5tment5
Cash at bank and in hand
14
15
78,320
1,099,226
343,940
38,481
799,226
750,806
Totsl current assèts
1,521,486
1,588,513
Creditor5.' Amounts falling due within one
vear
16
1195,7671
1441,4251
Net current assets
1.325.719
1,147,088
Totsl assets lèss turrent liabilities
6.960.221
6,728.418
Net assets
6.960.221
6,728,418
The funds of the charity-
Unrestrlcted funds
Unrestricted general funds
Designated funds
18
18
6.056.114
585,990
5,887,409
505,700
Totsl unrestrfcted funds
18
6.642.104
6,393,109
Restrlcted funds
18
318,117
335,309
6,960,221
6,728.418
The financial statements were approved by the Trustees on.
20￿rE2024
and signed on their behalf by..
Dwu514ned by.
A/ A to_
8CA4BQAC3CgD411
Mr N Wainman
Trustee
4A8ZE4703B53401
Mr J Campbell
Trustee
14

Docusign Envelope ID.. 1F1A841D-C4744391-B4DSC912D3FCF288
Harrison and Potter Trust
STATEMENT OF CASH FLOWS
as at 31 December 2023
The notes on pages 16 to 29 form part of these accounts.
Notes
2023
2022
Cash flows (used inl operatinB activities
23
{303.8181 116.1831
Cash flows provided by investing activities
Purchase of tangible fixed assets
Investment income
IPLJrcha5ellDi5P0531 of current asset investments
Purchase of listed investments
Proceeds from sale of listed investments
Oecrease/llncreasel in cash held by the investment manager
Net Cash flows generated from investing activities
15,2281
193,738
170.584
1300,0001 1453,5841
1877,6601 1549,5641
703,588 1,153,237
182,514
55,919
{103,0481
376,592
Net movement In cash and cash equlvalents In the year
1406.8661
360,409
Cash and cash equivalents at l January 2023
750,806
390,397
Cash and cash equlvalents at 31 December 2023
343,940
750,806
al Analysls of net funds
Asatl
January
2023
Cash
flows
Asat31
December
2023
Cash at bank and in hand
750,806
750,806
1406,8661
1406,8661
343,940
343,940
15

Docusign Envelope ID.. 1F1A841D-C4744391-B4DSC912D3FCF288
Harrison and Potter Trust
NOTES ON THE ACCOUNTS Icontinuedl
Year ended 31 December 2023
ACCOUNTING POLICIES
BASIS OF ACCOUNTING
These financial statements have been prepared under the historical cost convention, as modified by the
revaluation of investments and investment properties, in accordance with Accounting and Reporting by
Charities.. Statement of Recommended Practice applicable in the UK and Republic of Ireland IFRS 1021
120191- (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic
of Ireland IFRS 1021 and the Charities Act 2011.
Harrison and Potter Trust ICIOI meet the definition of a public benefit entity under FRS 102.
On 31 December 2019. all of the assets of Harrison and Potter Trust were transferred into Harrison and
Potter Trust ICIOI with the exception of the Alm5house5, which are permanently endowed and remain in
Harrison and Potter lunincorporatedl. This transfer was accounted for under the merger accounting
method and the comparative amounts have been presented on the same basis in accordance with the
Charities SORP IFRS1021.
In 2020 Harrison and Potter CIO and Harrison and Potter lunincorporatedl became linked charities. This
has been accounted for under the branch accounting method in accordance with the Charities SORP IFRS
1021. For more detai15 See note 21.
GOING CONCERN
The financial statements have been prepared on a going concern basis. The Trustees have considered
how the Trust will meet the challenges presented by the current economic climate. They have carried
out a detailed review of the Trust's re50urce5 inclLJding the adequacy of working capital for the next
twelve months. The Trustees are satisfied that the Trust has sufficient cash flows to meet its liabilities as
they fall due for at least one year from the date of approval of these financial statements.
SOCIAL HOUSING GRANT
Social Housing Grant ISHGI 15 paid by the Housing Corporation to reduce the cc>5t of development and is
recognised as income on receipt and completion of the projertto which it relates. SHG 15 repayable under
certain circumstances. primarily following the sale of a property but will normally be restricted to net
prO￿ed5 of sale.
A Social Housing Grant Df £675,042 was received in connertion to the refurbishment of Raglan Road and
was recognised in unrestricted reserves. Should a triggering event occur, this amount would be repayable
by Harrison and Potter Trust lunincorporatedl la linked charity, charity number.. 1179665-11. The Trustees
have obtained confirmation from Homes England that the transfer of almshouse operations to Harrison
and Potter Trust CIO was not a triggering event subject to Harrison and Potter Trust lunincorporatedl
Icharity number: 1179665-11 remaining a Registered Provider.

Docusign Envelope ID.. 1F1A841D-C4744391-B4DSC912D3FCF288
Harrison and Potter Trust
NOTES ON THE ACCOUNTS Icontinuedl
Year ended 31 December 2023
ACCOUNTING POLICIES Icontinuedl
FIXED ASSETS- HOUSING PROPERTIES
Housing properties are stated at cost which includes the following:
cost of acquiring land and buildings..
development expenditure.
Works to existing properties are works which result in an increase in the net rental income. such as a
reduction in the future m3inten3nce costs, or result in 3 significant extension of the useful economic life
of the property in the Trust. Only the direct overhead costs associated with these improvements are
capitalised.
FIXED ASSETS- OTHER
Othertangible fixed assets are stated at cost with the exception of prc>perty held for investment purposes.
DEPRECIATION
Housing properties
Housing properties are depreciated at a rate of 2% per annum on cost. The depreciation on
the 2 almshouse properties 15 charged to restricted fund5. Land is not depreciated.
Investment properties
Investment properties are not depreciated.
Other fixed assets
Depreciation is provided on the following bases..
Heating systems- 6.67% per annum on cost.
Other fixtures & fittings- 15°A per annum on cost.
INVESTMENT PROPERTIES
Investment propertles 3re stated at their estimated value on an open market basis at the ba13nce Sheet
date. Valuations are updated annually by the Trustees and every third year by independent Chartered
Surveyors on an open market basis.
No depreciation is provided in respert of freehold investment properties or on leasehold investment
properties where the unexpired lease term exceeds 20 years.
Details of the current value and historical cost information for investment properties are given in note 12.

Docusign Envelope ID.. 1F1A841D-C4744391-B4DSC912D3FCF288
Harrison and Potter Trust
NOTES ON THE ACCOUNTS Icontinuedl
Year ended 31 December 2023
ACCOUNTING POLICIES Icontinuedl
INVESTMENTS
Investments are stated at market value.
Purchases and sales of investments are dealt with by reference to the date of contrart. When a contract
has been entered into during the year but settlement doe5 not take place until after the end of the year
an amount is included in the balance sheet under either creditors or debtors as appropriate.
COIF FUNDS IN CURRENT INVESTMENTS
COIF funds are included within current investments as they are a cash deposit with a maturity date of less
than one year which 1% held for investment purposes rather than to meet short term cash tommitments
as they fall due.
EXTRAORDINARY REPAIR FUNO
The Extraordinary Repair Fund is a designated fund held pursuant to the Trustees, reserves policy. The
Fund is maintained by annual transfer out of the CIO'S income and used to cover items of extraordinary
repair.
CYCUCALMAINTENANCE FUND
The Cyclical Maintenance Fund is a designated fund held pursuant to the Trustees, reserves policy, used
for providing for items of ordinary maintenance and repair of the almshouses which recur at infrequent
interval5.
RESTRICTED FUNDS
These are funds that can only be used for particular restricted purposes within the objects of the charity.
Restrictions arise when specified by the donor or when the funds are raised for particular restricted
purposes.
INCOME
Income represents income from Social hc)usin8 lettin8s, investment income and surpluse5 on disposal c)f
investments. Credit is taken for social housing letting income as it falls due. Investment income is
credited to the income and expenditure account on a receivable basis.
APPORTIONMENT OF MANAGEMENT EXPENSES
Direct employee, administration and operating costs have been apportioned to relevant Sections of the
income and expenditure account on the basis of actual expenditure. Finance and administration Costs are
further apportioned on the basis of estimated time spent on each activity.

Docusign Envelope ID.. 1F1A841D-C4744391-B4DSC912D3FCF288
Harrison and Potter Trust
NOTES ON THE ACCOUNTS Icontinuedl
Year ended 31 December 2023
ACCOUNTING POLICIES Icontinuedl
GRANTS PAYABLE
Grants payable are recogni5ed at the point at which they are approved and the recipient is notified.
Where the Trust has agreed to make a grant payment in the future to a specific recipient this is accrued
as expenditure.
TAXATION
For taxation purpose5 the Trust has charity 5tstU5 and accordingly 15 exempt from tax on its investment
and rental income and on its capital gains.
VALUE ADDED TAX
The Trust is not registered for Value Added Tax and expenditure is shown inclusive of VAT in these
financi31 statements.
FINANCIAL INSTRUMENTS
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measure at their settlement value.
DEBTORS
Trade and other debtors are recogni5ed at the settlement armount due after any trade discount offered.
Prepayments are valued at the amount prepared net of any trade discounts due.
CREDITORS AND PROVISIONS
Creditors and provisions are recognised where the charity has a present obligation resulting from a past
event that will probably result in the transfer of funds to a third party and the amount due to settle the
obligation can be measured or estimated reliably. Creditors and provisions are normally recogni5ed at
their settlement amount after allowing for any trade discounts due.
OPERATING LEASE COMMITMENTS
Rentals payable under operating leases, where 5ub5tantially all the risks and rewards of ownership remain
with the lessor, are charged to the statement of financial activities in the year in which they fall due.
19

Docusign Envelope ID.. 1F1A841D-C4744391-B4DSC912D3FCF288
Harrison and Potter Trust
NOTES ON THE ACCOUNTS Icontinuedl
Year ended 31 December 2023
ACCOUNTING POLICIES Icontinuedl
CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY
In the application of the charrtv's accounting policies, the trustees are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readilv
apparent from other sources. The estimates and associated assumptions are based on historical
experience and other factor5 that are considered to be relevant. Artual results may differ from these
estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisi()ns to aetounting
estimates are recognised in the period in which the estimate is revised whether the revisions affects onlv
that period, or in the period of the revision and future periods where the revision affects both current
and future periods.
Comparatlve SOFA
Unrestrltted
fund5
Restricted Total funds
funds
2022
Income from-
Charitable activities
Investments
Total
344,438
170,854
515,292
344,438
170,854
515,292
Expenditure on:
Raising fund5
Charitable activities
Total
31,777
704,146
735,923
31,777
721,338
753,115
17,192
17.192
Net gainsl Ilosseslon investments
1585,0451
1585,0451
Net lexpenditurell income
1805.6761
117,1921
1822.8681
Transfers between funds
Nèt movement in funds
1805,6761
117,1921
1822,8681
Reconciliation of funds:
Total funds brought forward
7,198.785
352,501
7.551.286
Totsl funds carried forward
6.393.109
335.309
6.728.418
20

Docusign Envelope ID.. 1F1A841D-C4744391-B4DSC912D3FCF288
Harrison and Potter Trust
NOTES ON THE ACCOUNTS Icontinuedl
Year ended 31 December 2023
Income from charitsble activities
2023
2022
Income from social housing lettings
362,331
344,438
Investment Income
2023
2022
Interest and dividends from investment portfolio
Interest on bank account
Rental income from rented land
186,160
2,578
5,000
193,738
165,854
5.000
170,854
Expenditure of raising fund5
2023
2022
Investment management fees
27.629
31.777
Analysis of expenditure on charitable artivities
Soclal housSng
lettings
Provlslon of
grants
Total
2023
Total
2022
Management costs
Depreciation
Bad debts
Service costs
Routine maintenance
Planned maintenance
Support Cts5ts
Vouchers for residents
(note 71
Grants to external bodies
(note 71
92,399
61,152
3,152
103,935
59,050
4,908
40,393
92,399
61,152
3,152
103,935
59,050
4,908
40,393
2,550
95,753
60,303
11.5931
109,378
359,340
13,(166
28,784
16,850
2,550
46,636
46,636
39,457
364,989
49,186
414,175
721,338
Included in the above is a £17,192 12022.. £17,192) depreciation charge of the Almhouses which is
restricted.
Governance costs included in support costs..
2023
2022
Audit and accountancv
Clerk to the Trustees
15,240
16,966
32,206
13,260
13,291
26,551

Docusign Envelope ID.. 1F1A841D-C4744391-B4DSC912D3FCF288
Harrison and Potter Trust
NOTES ON THE ACCOUNTS Icontinuedl
Year ended 31 December 2023
Analysis of grants made
2023
2022
Vulnerable people and the homeless
Support to the over 60's
Resident food vouchers
Grant to residents
30,236
16,400
22,777
16,680
3,850
13.000
56,307
2.550
49,186
All grants were made to Charitable organisations or beneficiaries in furtherance of the Charity's
objectives.
Net incomellexpenditurel for the year
This is stated after charging..
2023
2022
Depreciation of housing properties
Depreciation of other tangible fixed assets
Operating lease rental
Auditorfs remuneration
CLJrrent year..
for audit services
for non-audit services- accountancy
17,192
43,960
3,110
17,192
43,111
3,379
13,680
2,400
12,960
2.280
Analysls of staff costs. trustee remunerat5on and expenses. and the cost of key management personnel
The employees have their contracts of employment with 54 North Homes.
2023
2022
Employee costs during the year=
Wages and salaries
39,781
38,640
None of the Trustees lor any persons connected with them) received any remuneration during the year.
Travel and subsistence expenses amounting to £31 were reimbursed to the Trustees12022: £nill.
No employee received emoluments of more than £60,000 during the current or preceding year.
io stsff numbers
The average month number of employees lincluding part-time staffl during the year was as follows..
2023
No.
2022
No.
Average number of employees
22

Docusign Envelope ID.. 1F1A841D-C4744391-B4DSC912D3FCF288
Harrison and Potter Trust
NOTES ON THE ACCOUNTS Icontinuedl
Year ended 31 December 2023
li
Tangible fixed assets
Freehold land and buildings
Lovell Park
Road
Heating
Systems
Fixtures &
Raglan Road
Total
Cost/valuation
Cost b/fwd
Additions
Disposals
Revaluation
Cost c/fwd
719,326
146,115
605,644
142,029
5,228
1,613,114
5,228
719,326
146,115
605,644
147,257
1.618.342
Depreciution
Depn b/fwd
Charge for the year
Disposals
Revaluation
Depn clfvid
465,619
14,387
64,513
2,805
372,182
38,579
111,949
5,381
1,014,263
61.152
480,006
67,318
410,761
117,330
1,075,415
NBV clfwd
239,320
78,797
194,883
29,927
542,927
NBV b/fwd
253,707
81,602
233,462
30,080
598,851
At 31 December 2023 the Harrison & Potter Trust owned and managed 52 units12022.. 52 units) of
housing accommodation. All 52 units represented supported housing and housing for older people.
25

Docusign Envelope ID.. 1F1A841D-C4744391-B4DSC912D3FCF288
Harrison and Potter Trust
NOTES ON THE ACCOUNTS Icontinuedl
Year ended 31 December 2023
12
Investment properties
Freehold Land at
Barwick in Elmet
Valuation
At l January 2023
Revaluation
345,000
At 31 December 2023
345,000
Net Book Value
At 31 December 2023
345,000
At l January 2023
345,000
This parcel of land was revalued on an existing use basis at £345,000 by Bartle & Son, Valuers &
Auctioneers, a5 at 31 December 2021 and this value was incorporated into the financial statements at
that date. The original cost of this land is £5,465. The Trustees have reviewed this valuation at the year-
end and consider it to remain appropriate.
13 Investments
2023
2022
At market value..
At beginning of year
Additions
Disposal proceeds
Increa5e/ldecrea5el in market value
4,398,723
877,660
1703,5881
117,538
5,587,441
549,564
11,153,2361
1585,0461
At end of year
Cash held by the investment manager
4,690,333
56,242
4,398,723
238,756
4,746,575
4,637,479
Further analysis of this is shown in note 22.
24

Docusign Envelope ID.. 1F1A841D-C4744391-B4DSC912D3FCF288
Harrison and Potter Trust
NOTES ON THE ACCOUNTS Icontinuedl
Year ended 31 December 2023
14 Debtors
2023
2022
Due within one year=
Rent and service charges due
Bad debt provision
Other debtors and accrued income
34,816
127,8671
71,371
78,320
29,940
124,7151
33,256
38,481
15 Current asset Snvestment
2023
2022
Charities Official Investment Fund Deposit
1,099,226
1,099,226
799,226
799,226
16 Creditors.. amounts falling due within one year
2023
2022
Trade creditor5
Prepayments of rent and service charges
Other creditors and accruals
65,322
27,999
102,446
195,767
41,326
27,174
372,925
441,425
The Trustees, policy for payment of purchase invoices is one month between receipt and payment
12022.. one monthl.
17 Transfer of assets
In 2019, a transfer of net assets totalling £6,673,018 was made from Harrison and Potter Trust
lunincorporatedl to Harrison and Potter Trust ICIOI. This transfer was accounted for under the merger
accounting method and the comparative amounts are prepared as if the assets had always been held by
the CIO.
25

Docusign Envelope ID.. 1F1A841D-C4744391-B4DSC912D3FCF288
Harrison and Potter Trust
NOTES ON THE ACCOUNTS Icontinuedl
Year ended 31 December 2023
18 Analysis of charitsble funds
Balance I
January Incoming
2023
resource5
Funds 31
Detembèr
2023
Resources Gains on
expended investments
Transfers
Unrestrictèd funds
General fund
Revaluation reserve
5,547,874
339,535
546,115
1419,7041
117,538
175,2441 5,716,579
339,535
Designated extraordinary
repair fund
Designated cyclical
maintenance fund
Total designated funds
218,221
9,954
28.548
256.723
287,479
505,7
14,9081
14,9081
46,696
75,244
329,267
585,990
9,954
Total unrestrfcted funds
6,393.109
556,069
1424,6121
117,538
6,642.104
Permanently endowed
almshouses
335,309
335,309
117,1921
117,1921
318,117
318,117
Total restricted funds
Total funds
6,728,418
556,069
1441,8041
117,538
6.960,221
During the year transfers from the general fund were made to the designated funds of £75,2441£69,628 in
2022, £28,548 to the extraordinary repair fund and £46,696 to the cyclical maintenance fund) in orderto fund
future repairs and maintenance at the almshouses.
The designated extraordinary repair fund is used for any future extraordinary repair, improvement or
rebuilding of the almshouses.
The designated cyclical maintenance fund is used forthe ordinary maintenance and repair of the almsh(>use5.
This fund is to be utilised over the short term and in 2023, £4,908 of void repairs expenditure12022- £13,066)
has been allocated to the fund.
Pursuant to the Scheme effective 31 December 2019, Harrison and Potter Trust (unincorporated charity)
cannot hold expendable property free to use without restriction and therefore the restricted fund represents
the carrying value of the almshouses which belong to Harrison and Potter Trust (unincorporated charity) a
linked charity. For more detail see note 21. The restricted expenditure above represents the depreciation
charge on the two almshouse properties in 2023.
As detsiled in note 22 the investments are split between variou5 funds.
26

Docusign Envelope ID.. 1F1A841D-C4744391-B4DSC912D3FCF288
Harrison and Potter Trust
NOTES ON THE ACCOUNTS Icontinuedl
Year ended 31 December 2023
19
Analysis of net assets between funds
General
fund
Designated Restricted funds
funds
Totsl
Fixed assets
Current asset investment
Cash at bank and in hand
Other net current assets
5,316.385
842,503
14,673
1117,4471
318,117
5.634,502
1,099,226
343,940
1117,4471
256,723
329,267
Total
6,056,114
585,990
318,117
6,960,221
General
fund
De518nated
funds
Restricted fund5
Total 2022
Fixed assets
Current asset investment
Cash at bank and in hand
Other net current assets
5.246,021
581,005
463,327
1402,9441
335,309
5,581,330
799,226
750,806
1402,9441
218,221
287,479
Totsl
5,887,409
505,700
335,309
6,728.418
20
Operating lease commltments
2023
Laundry
Equipment
2022
Laundry
Equipment
Not later than l year
Later than I year and not later than 5 years
Over 5 years
3,110
8,554
3.110
11,664
11,664
14,774
27

Docusign Envelope ID.. 1F1A841D-C4744391-B4DSC912D3FCF288
Harrison and Potter Trust
NOTES ON THE ACCOUNTS Icontinuedl
Year ended 31 December 2023
21
Linked Charity
On 31 December 2019 all assets with the exception of the two almshouses were transferred from
Harrison and Potter Trust lunincorporatedl to Harrison and Potter Trust ICIOI. The two almshouse
sites at Lovell Park and Raglan Road continue to be held in the linked charity as Permanent
Endowment. In 2020, on the basis of the charities having the Same TrLJStees, the charities bec3me
linked. The funds of Harrison and Potter Trust lunincorporatedl are shown separately within the fund
note as permanently endowed almshouses.
Harrison and Potter Trust lunincorporatedl
Charity Number.. 1179665-1
Home5 and Communities Agency= 224941
Total funds.. £318,117
22
Fixed Asset Investments
Cost
Market Value
2023
2023
2022
2022
CAPITAL ACCOUNTS..
Capital Fund
Government Bonds and Fixed
Interest Stocks
Listed Equities
1.299.689
2,520,362
1,008,963
2,599,376
1,210,013
3,480,320
903.L141
3,495,282
Total investments on capital
account
3.82C).051
3,608,339
4,690.333
4.398,723
CASH HELD
56.242
238,756
56,242
238.756
TOTAL INVESTMENTS
3,876,293
3,847,095
4,746,575
4,637,479
2¥

Docusign Envelope ID.. 1F1A841D-C4744391-B4DSC912D3FCF288
Harrison and Potter Trust
NOTES ON THE ACCOUNTS Icontinuedl
Year ended 31 December 2023
Net tash from operating activitiès
2023
2022
Net income for the reporting period before gain51llossesl on
investments
Adjusted for:
Depreciation of housing properties
Depreciation of other tangible fixed assets
Ilncreasel in debtors
IDetre3sel/increase in creditors
Investment income
114,265
1237,8231
17,192
17,192
43,960
43,111
139.8391
19.2231
1245.6581
341.144
1193,7381 1170,5841
Net cash (used inl/provided by operating activities
1303,8181
116.1831
29