REGi¥fERED CHARITY NUMBER 1201510 The Charlty of Thomas Holroyd Trustees Annual Report and Receipts & Payments Accounts For the Year Ended 30 September 2024 Contents Pages Trustees Annual Rep)rt Independent Examiners Report Receipts & Payments Account5 Statement of Assets & Liabilities Notes to the Accounts 14 Trustees. Annual Report for the period Penc#J start date Period end date From 01 Octobèr 2023 2024 Section A Reference and administration details Charity name Charity of Thomas Holroyd Other names charlty 1$ known by Registered charity number (rf any} 1201510 Charity's prfnclpal address 1 Rectory Gardens Emley Huddersfield PoslGode HD8 9RD Names of the charlty trustoes who manage the charfty Offic• (11 anyl Datss act•d rfnot forTh*M>l• Name of prnon I¢T body) ontttl•d nt trustse 518n George Mccombe Sandra Coulthard Debra Adams Louise Flynn Names of the trustees for the charity, If any. (for example, any ¢ustodlan trustees) Name Dates acted if not for whole ear NIA Chair Secretary Treasurer Trustee Nam08 and addresses of advlsors (Optlonal Infomiatlon) Type of Nam• Address adviser Bank Uoyds Bank Lloyds Bank Almshouses AssoGiation 98 Vthria Street. London SW1 E 5JL 1 Westgate, Huddersfield HD12DN Billinbear Lodge. Maidenhead Road, Wokingham RG40 5RU Bank General Housing Maintenance Connect H<)using 21 Bond Street. Dewsbury V¥F13 IAX Ged(ops Ltd 291 Wakefield Rd, Lept<)n, Hudder5fiekl HD8 OEL Legal Wrigley's Solicitors LLP 3 Wellington Place. Leeds LS14AP Name of ch￿￿ executive or names of Senior staff members (Optional informatlon) NIA Section B Structure, Description of the charity's trusts Type of goveming document overnance and mana ement Constitution dated 6 January 2023 How the tharÈty is constituted Chantable InC(KWr￿ed Organisation {ClO) Trustee setection meth(MJs A new trustee may be appointed by resolut￿1 at any property convened meeting of the thaTity trustees. Terms run to the next annual meeting where trustees may be reappointed Trustees are appointed for a temi of 3 years and are eluibte for reappointmerrt for a maximum of three consecutive ternis. A new appointment begins only after the minute book has been signed with a dedaration of acceptan￿ and willingness to be appointed as a trustee. Trustees are selected with regard to the skills, knowledge and expe￿n￿ needed for the effective administration of the CIO. Additional governan￿ Issues (Optlonal infomiation) You may choos8 to The CIO is linked to charity number 1201510-1 (Charity of Thomas Holroyd), include additional which was the original, unincorporated operating chanty. The assets of the infonnation, where unincorporated chanty were transferred to the new CIO effective 30 June 2024. relevant, about.. The CIO is the so18, ￿rpOrate tr￿le8 of the linked charty. trustees have impkn8nted the folkfyving policies. Antisocial Behaviour, Complaints, Confiict of Interest. Data ProteL*ion. Equality & Diversity, Financial procedures, Health & Safety. Investment, Payment of Staff, Reserves, Risk Management, Safeguarding. Trustee InduLtion and Volunteers. These are ￿Vie¥￿I annually at the annual trustees meeting. The Charty is a member of Almshouses Associats'on. policies arKI procedures adopted for the induction and training of trustees; the charÉty's organisational strucaure and any wtder network with whi(* the charity Connect Housing Association provide support with collection of weekly contribut￿nS and property management matters. Geckops provKle property maintenance advi￿ arKI solutions. The trustees consthr the greatest risks to Ihe Charity are financial viabllrty following loss of weekly maintenance conth'butions and firKling tnjstees for the future. To address these risks, the trustees recognise the need to maintain, wherever ￿ssible, free reserves of £15.000 to allow the tharrty to operate for 12 months wtthout ino)me. relationship with any lated parties., trustees, ¢onsKleration of major risks arKI the system and procedures to manage them. Section C Ob ectives and activities The objects of the CIO for the public tEnefft are the ￿lief of poverty and financial hardship of persons in Huddersfield. in particular but not exclusNely, by the prolision of almshouses and keeping the almsh(wses well maintained and in ood repair. Summary of the objects of the charity set out in its governing document Summary of the maln activities undertaken for the publlc benefft In rolation to these objects (include within this section the statutory declaration that trustees have had regard to the guldance issued by the CharFty Commission on public bonefft) In planning our activit￿ for the year, trustees kept in mind th8 Charity Commission's guidan￿ on publi¢ benefit at trustee meetings. Our activitses ￿ntre around the provision and Maintenan￿ of four almshouses for those in need. This enables the charty to provide affordable housing for those With low incorne or expenencing financial hardship. Additional details of otyectives and activities (Optional infomwtion You may choose to indude further statements, vthere relevant, about.. policy on grantrna￿n9', policy programme related investrnen( Contribution made by volunteers. The Charty does not make grants. The Chanty maintains tw)th Extraordinary Repair and Cydical Maintenance funds which are funded by the weekly contributions made by the beneficiaries. Other than the trustees, the chanty does not engage volunteers. The voluntary contribution made by the trustees enables the chanty to meet its Charitable purpose and ensure this provision continues into the future. IdlqthoLrt the time and energy the trustees give, the charity would not have been able to undertake the measure of improvements required. Section D Achievements and performance The four cottages have been fully occupied throughout the year. Following a stock condition survey in 2022 Commissioned by the unincorporated tharrty, the charity embarked on a number of projects to improve the condition of the properties. Extensive damp works were begun which induded intemal damp proof courses. installation of extradion fans, extemal weatherproof coating to walls and redecoration as required. This work is due to be completed early in the nejfi financial year. Summary of the main achievements of the charity during the year Other remedial works have been undertaken to improve the condition of th8 properties wrth the aim of maintaining and preserving the almshouses for the futu￿ and to improve the living condth'ons for the beneficiaries. Section E Financial review Brief 8tatemont of the charlty's pollcy on reseThes The Charity has adopted a reserrfes policy and recognises the need to have sufficient fvnds in resenie readily available as, or convertible into cash to cover day to day expendtture, especially in the event that there is a reduction in Weekly Maintenance Contribution income following the departure of beneficiaries pendiThJ new beneficiaries being appointed. In order to mrtigate this risk, the Trustees have cak￿lated that free ￿Se￿e$ of £15,000 would be needed to allow the chanty to operate for at least 12 months wrthout income from MIC. An Extraordinary Repair Fund is kept for those large repairs. for example window repla￿Ment, which occur intermittently dunng the life of a property. A designated Cyclical Maintenance Fund exists for rna1ntenan￿ which requires r8view biennially, every three years or every fve years. Details of any funds materially in deficit The reserve fund {Extraordinary Repair Fund for the wrpose of providing for the extraordinary repair, imtrovement or rebuilding of the almshouses) has been depleted with the recent costs of extensive repairs to the buildings. The trustees are committed to reF￿enIshlng this fund with annual transfers over the coming years to fund future large maintenance or repair projects. Further financial review detalls (Optional inf0M￿tion) The four cottages located at ￿ Birkby Fokj, Huddwsfield (the almshouses) are the main source of income for the charity The benefictaries make a weekly contribution which primarity furKls maintenance costs. You may choose to indude additional information. where relévant about". the tharty's principal sources of funds (includiro any fundraisirvJ),' how expenditure has supported the key obJ"e(*ves of the chaiity", investment policy and obJ8¢tives in¢luding any ethical investment policy adopted. Expenditure on damp FKwfirvJ and repairs caused by damp has increased costs this financÈal year. however, this has SUPFJJrted the key objective of mairrtaining the almshouses and kee￿.n9 them in good repair. Legal fees to finalrse the incorporation of the charty amounted to £17.000. Incorwration was Mcessary to ensure the charity StrU(￿re is robust for the future. The Charity recognises the need for investrnent income to meet any eX￿S of costs over income and has resolved to maintain reserées to generate such income. The fijnds set asKle for ts Extraordinary Repair a￿1 Cydical Maintenance Funds are maintained in investrnents (when appropriate) to help cover any ex￿Sses. Havir depleted these funds with the remedial WOTks undertaken thss year, the trustees are commrtted to replenishing these funds through annual transfers. Costs ￿lating to extraordinary repair that exceeded the funds availabk wrthin the Exlraordinary Repair Fund We￿ met from uffestrided funds. The Charity has adopted an Investment Policy. The overall investment obiectNe is to cfvjuce best financial retum wilh an acceptable level of risk. For this reason, the Chartty utilised fixed term deposrts to increase retums wrth minimal risk. The Investment Policy indudes ethical guidelines and The Charity of Thomas Holroyd will, to the best of their abilitses and knowledge, not invest in.. the tobacco industy, armaments, gambling, pomography. environmentally pollutirKJ enterprises or those that do not encourage equalrty and divetsily. Trustees are able to daim for expenses. However, no expenses were dairned or paid to tnjstees during the year. Trustees have indrvidually chosen not to G￿lM for low cost items such as office consumables during the financial year. The Charity reimbuT5ed a total of £730 of addrtional costs incurred by benèficiaries as a result of the re airs to the￿￿rtieS. Section F Other optional information Effective from 30 June 2024, the Chanty Commission issued a scheme ￿1¢h discharged them from their trusteeship of the land situated at 5,6.7 & 8 Birkby Fold, Huddersfield. The trtle to the land was transferred and vested by the scheme in the CIO as sole corporate trustee to be held on trust as functional pemianent endowment for the objects specffied. Any sums h8k4 on trust in investments to provide an income have had restrictions lffted by the Charty Commission. Section G Declaration The trustees declare that they have approved the trustees. report above. Signed on behalf of the charlty's trustees Signature(s) Full name(s) Position leg Secretary. Chalr, etr) CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of The Charity of Thomas Holroyd On accounts for the year ended Charity no (rf any) 30 Septrmber 2024 1201510 Set out on pages &8 I report to th8 trustees on my examinab.on of the accounts of the above charrty (Ihe Trusf) for the year ended 30109r2024. Responsibilities and As the chanty trustees of the Trust, you are responsible for the preparation basls of report of the accounts in accordance with th8 requirements of the Charrties Act 2011 (Ihe Act.). I report in re8￿Ct of my examination of the Trust's accounts Ca￿led out under section 145 of the 2011 Act and in carrying out my examination, I have followed applicable Direth'ons given by the Chanty Commission under sects<)n 145(5)(b) of the Aca. I have completed my eX￿InatiOn. I confinn that no material matters have come to my attents'on in connection with the examinaticm which give8 me cause to believe that in, any material respe￿. accountirvJ records were not kept in accordance wrth section 130 of the Act ¢x the accounts do not accord the a¢¢ounting records Indepondent examlnerfs Statsmont I have no concems and have come auoss no other matters in connedion with the examination to ththich attention should be drawn in order to enable a proper understanding of the accounts to be reached. Slgned: Dato: Name: Bary Simmons Relevant professlonal qualifi¢ationls) or body (If any): Address: 14 fLTL6 fLts JerqFie CHARITY COMMISSION FOR ENGLAND ANO WALES 120151Q Receipts and ments accounts CC16a Forthè wrlod 01-C￿-23 3￿e*24 Section A Receipts and payments Unrestricted fund8 Restrlcted Endownont funds Totsl fvndi St ￿•r toth• rw•r••t£ A1 ￿￿elp￿ 8Ènkinteres1 Conn8dl Non WMC {CMn#(* t)ongtyo IU3¥ 240 1J03 Tra Sub tot•l( rthss ￿cOMe forAR) 17M2 17A A2 A•••t and Inv•strn8nt ul•s. iowi r•wp 17 Jm$houg@5*w*a￿n mern klhrwomftni feèj ICrAinÈetl Inwar Pro1&5skn4 f06 R4p*ts & m•lnl•n8n¢• Jll•new6 cth•r 743 17,M8 743 17.oie 7.19J Sub tolal Sub tot•1 2Y,1J3 21,183 Net 0lr•c•lpl￿￿Yfft0ntsj AS Transfers botv•on lund8 A6 Cash fvnds last year ond Cash fvnds thls y8w -11,721 -11,721 49,401 37,6 37.6eo Section B Statement of assets and liabilities at the end of the period Unrèstrfjcted Restricted funds Endowm&nt funds tonear•#t£ Bl Ca8h funds J6,n2 Totsl cash funds 37.680 R•strittsd funds to nMr•*t£ Endowmont funds nds Delails P*)NE B2 Other monetary assèts CO￿ Curr•nlve Ilon 83 Inv•stm•nt u••t8 18.853 27,659 Fund to*thfjch Delails Ctsrr•rrt onal B4 Assets rets1n￿ lor th• charlty'$ own us• 6 8Ykty Fc4d. Hf)2 2eN 7 B￿bY Fdd. HD2 2 Detai15 B5 Llabllltl•8 20,11J 01 D•c•rnbgr 2024 ed by ontr or tyult0￿ ￿ b•h*ll 01811 tho In*tqo Pmt Na Dato of *pprovo1 Z-20 CHARiff OF ThOMAS HOLROYD IIOTES TO ThE ACCWPITS Perfod: 014)ctQ3 811 eourt*s not excwd £2s0.(￿ and lh￿ the charity is a CIO NA a Cwanias Ad6. Th8 Trustees. Annual Rewt h8$ been Kweparnd to C￿rdY bais *¥J as faras [￿s￿ble) wlth th• r0qulrement8 of thg FRS 102 SORP applicabl8 to larger charAi8S. To wlih the Charfw)￿ Chgantsotkns IfAnorn1l R￿1&￿$ 2012. ￿ Truste85 c(th that 81 no guarante85 h8ve been 9￿on by the CIO18TrJ th8(8lor¥ potentsal Ikqbdty ts c*rf8landiNJ at th8 dal8 of th8 staigmont of 858ets 8nd Ilabilrflesl." and bl Ihe CIO has Th) d8b18 seweo ty any express on any asgets ofthe CIO (* thweftn no tyJtStaTrJThJ dabts ￿¢ur any tharyo ￿ 118 8sw15 altha dBt8 ofthg stotorr•ntof•iÉots aThl I￿¥0$ TnJ8teos reteive no ramun¢rabon. no expww were ¢J8lmd the p8ric*J. Irn1W￿l truste6s ck$8e to W8fve costs lor adm¢nlstrativ* w￿uMableS such Bs stsrn￿, paper ¥nd priTrter ink and ￿ minimal costs assocaatsd with role. The CIO 18 knknd io th• Mginal unir￿A￿￿1￿j (thrty 01th8 sama nBm8 uNJ•f numt4r 1201511>1 ￿ Assets cf the unSncoworated charty were translered to lh8 CIO by m8ar* fl a cy AThJ admknlstratfve S￿￿￿0 effac*w 30 Jun6 2024. Under tho schemo, any restficknl thnds kn￿8￿￿0nts w•r• re￿05￿￿.