Charity Tegistration nllmber: 200230 ReglatOr of Social Housing regi5tr4tWll Dlllljber: A0211 AYLOTT JANES ALMSHOUSES FINANCIAL STATEMENTS FOR THE YEAR EIqDED 31 DECEMBER 2025 Miller & Co Charteyed Account8nts Statutory Auditors 5 Impertal Court laporte Way Lutoll Bedfordshire LU4 11TrF.
AYLOTT JANES ALMSHOUSES coNrENTS OF THE FllYAI4CIAL STATEMEf+rrs rur the Yegr Ended 31 December 2025 Page Re£18teI Sodal Hovslng Provlder Inforni&tlon TTustse5 Report Report of the Independent Auditors Statement of CoTrpTeheDsiYe Ineome BalaDee Sheet Ststemellt ijfchanges In Reserves io Statem¢nt ofca$h FIoTv5 li Notes to the Flnancial Statements 12
AYLOTh JANES ALMSHOUSES REGISTERKD SOCIAL HOUSING PROVIDER INFORMATIOTrI for the Year Ended 31 December 2D25 STATUS: Unincorporated charity r¢gi8tered 15 Janusry 1963 Charity Registered Number 200230 Regulator of Social Housing Nurnr A0211 TRUSTEES CHAIRMAN: J Yowig OTHKR TRUSTKLS: P BaDks.Smith K A Cowpn Father R Brosvll (Resign 31 Dellber 2024) Councillor C Isles K Porttr Councillor S Sbabanarn (R¢mov¢d 30 April 2025) Coullci]lor M A Kban Couucillor M HussaiD clRK TO THK TRUSTEFS: Duncan Welcb & Co REGISTERED OFFICE: Peterson House 2a Tenuysoll Road Luton Bedfor(Lshire LUI 3RT AtJDrroRS: Miller & Co 5 Imperial O)urt Laporte W Luton Bedford5hire LU4 8FE Metro BaTJk 10- 20 Ca8È1e Sttret Luton Bedford5hire LUI 3AJ INVESTME1 MANAGERS: JMFik)n&Co 4 Colem8n StrB¢t London EC2R S'EA Page I
AYIA)Tr JANES ALMSHOUSES TRUSTEES REPORT for the Yeftr Ended 31 DL*emb¢r 2025 The Trustees present theiT rwrt and tbe audited financial statements of the charity f4X the year endeAI 31 DecembeT 2025. The financial statements have been pwarod in a¢cordatsce witb &pplieable accounting standards including Financial Re[lti8 Stattdard 102 The Finuncial Reporlingstandard applicfJble in the UnitedKingdom andRepubhG of Ireland (FRS 102) and the Statement of Recommend¢d Pradiee for Social Housing PLDviders 2018. The charity is martaged on a day to day b&sis by the clerk to the trustee5. The Thjstees are T¢SPlmSAI)le for the overn]I tO4n88em¢nt of ttle thority and meet on a reglllar basis, which includ¢s aEL annual investment review witb the charity's advisors. The investment policy is a medium risk one which provid itiwme attd steady wwth. New I[ust are idelltified and appointed by the existing tNStees where they Gonsid¢T that the new tsu8te¢s have the n¢c6syary experwJLce and ability to contrbi uts to the management of the Chlty. D&ails of dwig¢s ar¢ rq>orted onpage l. ObJ¢ctlY¢5 4rtivitks The object of the tharity is lo administer the 36 AtttLshous¢y belongiog to th¢ ¢harity in conformty with deed. The "principal funding of the cbarity is therefore the contributions made by the t¢llallts of the A]m$h0¥. The Thjstees b&ve onswed that tbe tellallts of th¢ A]whO8¢s have Ixen content and tbat all repairs and wants of rwatiou have b¢eD d¢alt with &q and when they aTose. and they viill COlltiTr to do 30 in the fubjre. As far as they aTe aware th¢ Tntte9 have deah with aIl recommendatioDs of the AhllshOts Assy)ciation and th¢ Regulator of Sixial Housing. A¢hievem¢tyÉs Th¢ tharity off¢r$ 18 $it)gle and 18 double ullits at Queens Close and there one unoLYupTred llat at th¢ y¢ar end. Iring the year £50,023 wa5 spent on external redecoration works including the replacement of the entrance door to tlats 14. There a]so a new ccrv system installed at a cost of £9,290. A further £35.621 was spent on the refutblslmteot of five flats. This work included fo now bollers being fitted and three tlats uThJergoi7Jg redecoration. R¢vi¢w of businu The totsl compreheDSiV¢ of the cIwity for the year was a SUTpIu5 of £117,937 (2024.. £112,251) which includ¢d 4 1n in the fair value of &nvestm¢uts of £116,373 (2024.. £46,899). The investments are held specificalty to fid tUre extrdordinary repairs. Th¢ total reserves at the end of the year had increased to £l.794.012. The financial activities of the chaTity are set out in dEtait in the attached finallcial statements. The Charity w&$ in a satisfactyry fjnall¢ial positioJL at the year en<L Factors likely to affect future fll)allciol pertormance are th¢ fair value of the iDveslmeuts andth¢ tsumb¢r and extrnt of fiatrefiubishments and aDy other unfowe¢n aJor building r¢paiTS. SÉ•tement of compliance In preparing this report a revtew of th¢ Charity's governance procedures h&8 been undertaken alld the Ch&rity Complies with th¢ HCA Governance and Financi Vtabi]ity staudaT Code ofGovernauce The Association complies with the principal recommendations of the NHF Code of Govemallee 2015. Page 2
AyLT JANES ALMSHOUSIS TRusfEES REPORT for the Year Ellde(13l DeCeber 2025 Value for woDey Value for money is included one of the din of the Charity. All rnajor work& undertaken are approved by the board not b&%¢d pllrety on price but by the qUlty of the outcome. The warden i5 in daily coDta¢t with tenants whose omllL¢nts on any issues alld quality of wotk ts repDrted back to the ixwd. The board of managem¢nt are all Voluntary and exp¢n8¢5 ¢I&iuL¢d aT¢ tnin1al. The r¢suIL 5s increases to conthl)utions nle which are kept a5 low as p05sibl¢ and no more than infiation. In 2018 the Regulator of Social Hollgin¥ revised tbe Vatue for Money Standard settsllg out Ihe trI¢S to be reted. The following table sun)martses the value for money perEoLmance of Aylott SarAPA Aiwshous¢s (AJA). The Regulator for Soel&l Housing Vilue for moj Metrl Reinvestment O/ New Su Dellvered °/ts New Su DeliveTed Social Housin Units New Su l Delivered on-social Ho8 Units GeArln EBITDA MRI Interest Cover % H¢Adlill¢ Social Housin Cost Per Unit Per AllDu AJA 2025 AJA 2024 RSHI 0% OVO 8% Oyts Oyfj 2.50% 00 46•/0 113Yo 2b OYO 0% Social Housill Lettill $ Onl Owernll Retsrn Oll Ca it81 Ern 19.80 19.80 1.75% 19.4Yo 19.4D/• 1.830A 280/0 26Q 3.4¢Ph 6b BenththRSH2025 Qk)bAI The ¢harity's objeGts Are to apptopFAatc alld use the 36 A]mshouses beloDgutg to the tharity. thu5, no new supply was deliv¢Ted. Also, the charity ha5 JK> bortDWitig or 103ns. so the first four m¢trics are nonlla]ty Dot applicable to the ]wity. The operating margill alld return oll cupital are this year Jnainiy due to a decrease in required r¢pair 4lld maintenance wsts. Also. th¢ charity charges low¢r thall average contributions wbich are set takiDg illto COunt the Charity's ptiCular circumstances alld requiTemellts. ToDallt s•tisfactlon measure$ The Tenant Sattsfaction Measures Standard issued by the Regulator of Sofjial Howillg ¢amc into effxt from the I April 2023. Registered provider5 must co]kect alld proce55 iufonnalion $pe¢ifi¢d by the regulator reldting to their t%rfonllallce agai]]5t the t¢D8lIt satisfactfton [Deasu5. and publish th¢ir perfoTmallce at kast bi~aDnuaIly as a Sall Tegistered provider. We undertook & TenBnt Perc£ption SlveY in October 2025. AII 35 r¢sid¢ots wer¢ invited to porticipate, not just a S11 sample. 12 residents responded which was just over 33% participation, wbi¢b wo Collsidered wa8 a fair level of aSseSsent. The ov¢rnll scor¢ that Aylott J8nes Almsbousag achieved w88 (2024.. 83.240/•). We have 9dopted th¢ recommend¢d 12 point qu¢stionnaire compiled by The A]mshou5e Associatio but as some residonts1&8t year did not fvlly ¢omprelJ¢nd and thefffor¢ did not complete all the questions we tried to a(klre85 the% question5 in a more simple fashion this time and of those that respoDded, all question8 were Mplete{L The Board consfftders that due to its Small 5iz£, Imd the fact thAt we have a resident Warden, rnsidents can very easity make SCrCe requests on an as they occur basis, either dArectly to The Ward¢n or Th¢ Cl¢rk who C8Try regular stte visits alld is tther easily contactable by phine or email. Thus, the reporting of seice requests or reporting of potential complaint h88 a very short tiw¢lAD¢ ullfetted by l¢llgthy adrnttii5trativ¢ pro¢¢85e4 which is th¢ maiti strength to our successful complaiThts & service request perforniance. Rlsk management The TTus*es have eSSed the major risks to which the Charity is exposed. in particular those related to th¢ fmances of the TnJ8t aud 8ati¥fied that systrms are in place to lessen our exp)swe to the aJOr ri5k5. Page 3
AYU)rr JANES ALMSHOUSES TRUSTEES REPORT rDr the YeAr Ended 31 Deeemb¢r 21n5 Reserves po] The Thistees have agreed a level of reserYe8 which tskes into account the Tequirement5 of the ¢haritsble activities. This po]icy is reviewed regularly. The chtty bas total reserves of £1.794,012 of which £1,161,486 att tricted Eeserves, made up of endoTrinent funds of £826.416 held to provide income tor the charity aud rethithd fi]nds of £335.070 h¢ld to fimd tUre extraordinary repairs to th¢ a]mshouse5. Unrestricted reservas totalled £632,526. Public ljenefit Th? Tru3te£8 confirm that they have complied with their duty, s¢t out in the 2011 Charity Ac¢ to have r¢gardto Charity Comjnission guidattcc on public beDEfiL STATEMENI OF TRUSTE RESPONSIBILITIES The Tntste¢s ar¢ re4)onsible for preparing the report and fman¢ial slat¢m¢nts in accordance witb app]i¢able 14w pnd regulatiotss. Ibe Charities Act aud th¢ Registered Socia] Housing legislation require the fTUSt¢es to prepatt financial statements for each financial year whi¢h give a true fair view of tbe state of affaits of Ihe trust alld of the income or expenditure of the tNst for that period. JD prepaTingthose fwn¢ial statejnents, the Th8t¢e$ ar¢ r¢quired to Select suitsble accounting lI¢eS and then appty them consistontty. observe the rnetbods and principles in the Housnw SORP 2018. mukn judgements and esti]nates that reasonable and pnLdenL state whEther applicable acc4)unting standards bave been followe4 subject to finy mal¢rial depatlwe5 di8c105od alld explained in the fllwiciat statements,. and prepare the stat¢meDts on the goiug COllC£Tll basis unle85 it is illapproprtat¢ to presume that the trust will contlliue in bu8itiess. The Trnsteu are re8ponsible for keLying adequate accounting reeords which disclose with Tea8onabl¢ arcuraGy at any time the w)sition of the trllst Io ¢twble 1h6rn to ell3ure that the fiDCial statements cornply with the ChaTities ACL th¢ Housing and Regeneration Act 2008 the Accountitig Dir¢¢tion for Private Registered Provider5 of Social Housing 2022. Th¢ TTUStees are a]so responsible for safeguarding the ass¢ts of the trust and I1¢¢ for tsking reasonable steps for the prevention and detection of fraud and other iTregularilies. ON BEHALF OF THE TRUSTEES: T Y¢JAdG Trustee. IB Mar¢b 2026 Page 4
AYtA)TT jATrIS ALMSHOUSES REPORT OF THE INDEPENDENf AUDITORS TO THE MEMBERS OF AYLOTT JANES ALMSHOUSES Oplnlon We have audited the financia] 5tstemeDts of Aylott Jaaes Almshouses (tbe 'charity') for the year ended 31 December 2025 whi¢h Comprise the St&t¢ment of Comprehensive Incomc, Balance Sheet, State)neDt of Changes in Reserves, Statement of Cash Flows and notss to the fnmucial slatements, iticluding a sulljrnary of sigllificallt a¢couDting licies. The financial typtirting fraTllewO thvlt has been applied in th¢ir preparation 15 applicable law aud United Kingdom Accoullting Stand% including FEDancial Reporting StaDdard 102 The Finallcial Reportillg StaTh(kntd applicable iLth¢ UK and Republic of Ireland, (United Killgdo GerallY Accepted Accounting Practice). Jn our opinion the fmancial 518tements'. give a tm¢ and fair vi¢w of the state of the charity's affai as at 31 tkcember 2025 and of its i¢0¢ atkd expenditilre for the y¢ar then ¢Dded,' hav¢ b¢w properly prepared in accordance with United Kiugdom Generally ACpted Accou aCtiCe. have been prepared in a¢¢ordan¢e with th¢ T¢quirements of th¢ Charities AGt 2011, th¢ Housing and Regetteration A¢t 2008 aod the A¢¢ounting Direction for private r¢gislered Providers of social IU5]llg ill Engiand 2022. Bsts for opinio We conductsd our audit in 8ccordallce with Internatii)n81 StsndaTds on Auditing (UK) USAS IUK)) applicable law. Our responBibi]ities under those $1xndards are fi]rtber thscribed in the Auditors, pOnSibIlitieS for the audit of the financial ststements 9#tion of our r¢port. We are independent of the ¢haTity ill a¢¢ordaTJGe with the ¢thi¢al requir¢Dients that aTe relevant to our audit of the financial Statements in the UK including the FRC'S Ethical Standard. atKI we have fvired our other ethical reSpI)n7)i11tt¢s in accordance with these requirements. We believe that the audit evidence we have obtsined is sufficient and appropriate to provide a b&8is foT our opinion. Colleluslons relgtlne to golllg ¢on¢tr We have nothing to rq)tsrt in respect of the following matters in rel&tioJ] to whith th¢ ISAS (UK) Tequire us to report to you wheT¢'. the tntstee8' U8e of the going concern basi5 of aOunt[D8 in th¢ prep4Trtion of the financial st4tsm¢nts 15 not appropriate" or the trllstees have not diselosed in the financi statements aDy identified material ullcerlaintftes that tw c&st significant doubt about the cbaritys ability tr> continue to adopt the going concern blS of accounting for a period of at le&8t twelve months from the date when the financiat state¢llts ar¢ authori%d for issu¢. Other information The tsustees 8Te responsible for the other itthtmatsoll. The Oth inforjnation prISeS the illformatioll ill the Thistees RetM)¢ but d$ not include tbe finallcial Slateents and our auditor'5 report thcrefft Our opinion ijn tb fiDaDcial staternet does not cOr th¢ oth¢T illforniatiijn and we do aot (Xpr¢ auy fomi of assurauco ¢oDdusion tbereo In connection witb our 4udit of the financial statements, our responsibility is to read the other infonnation an4 doing so, consid¢r whether the inforniation is mat¢yially incon5iStent with ihe fanCial statements or our knowledge obtaiDed in th¢ audit or otherwise appears to be terIallY misstaSe<L If, based on th¢ woA£ we have porforni¢l we ¢oJ)¢lud¢ that there is a material misstatement of thi5 other ithTtnBtion. we &re tequired to r4 that facL We baye nothing to wort in this regard. M8tter8 on wblch we are required to report by exceptlo We have nothing to report in rpect of the foijowing matters where the Charities {Accounts and Reports) Regulation8 2008 requires u8 to report to you 1£ iu our opinion: the infoat1{ given in the fillancial statem¢nts is 5nconsistellt in atLy material re5PXt with dLe trstee3, repo¢ or adequate accounting rOrdS haye not been kept. or the fiVanc1 statements are not in agreemellt with the acci)uttting re¢ords' or w¢ bav¢ not received all the inform4tioD and explanations we require for our audit. Page 5
AYLOTf JANES ALMSHOUSLS REPORT OF THE INDEPENDENT AUDITORS TO THE MKMBERS OF AYLOTT JANES ALMSHOUSES R&gPOll8lbllltle8 of tnL4tees As explained J])rye fully ill lh¢ Statement of Thistees, Re5p)nsibiliti4% yet out on page four. Ibe trustees are reSPODsible for the preption of th4 fm8n¢ial statements and for being salisfj¢d that thry give a trne aod fair view, and for such internal control as the Ite¢S d¥t¢miiJLe necessary to enable the pparation of fitWlCiAI statements that free from Materi misstatemen( wIr due lo fraud w error. In prarIll¥ the financial st&tements, the trustee5 ar¢ r¢$ponsilile for assessing the ¢lwity'5 abllty to continue as going concem, disolo$ing, as applicable. matters related to going )ty¢ and using tbe going b&si3 of accounting wdes5 the trustee5 either infend to liquidate tbe Ch]ty or to op¢rations, or have no realisti alternative but to do 50. Our respo8bIlItIeS for th¢ 4udlt ofthe ffiDaDeiAI statsments We have beets appoint¢d as auditor under section 145 of the ChaTIti A¢t 201 I report in accordallce with the A¢¢ relevantregulations made or having thereunder. Our objectiV&8 are to obtain Te&sonable assurance about whether the finaThcial statements as a whole are free frorn material missttsent. whethtr due to fraud or error. and to issue a R¢port of the Auditors that includ&8 our opinion. Reasonable assurdnce is a high level of assurance but is not & guamtee thèt an audit cimducted in acci)rdance witb ISAS IUK) will aiway8 detect a material Tlli55tatement wben it exists. Misstatemenis ¢an arise from fraud or eThor aTE considered material if, individually or in the wegat4 they could reu80nably be ¢xrrtt¢d to infiuence the ewnomic (kGiSiOnS of users tsken on the ba518 of these Snhllcial ststements. A further descriptioll of our responsibilities for the audii of the fmancial ststements is locate4J on the FinanGial RepoTting Covucil'g website at WwW.frc.oUklaudlt0rSF¢SpoLSI7jIiItie$. This description fonD8 part of ow Report of the AuditOTS. Ityegul8rittes. includtng fraud, are instances of non-cop1iBttCe with laws aDd regulalious. We design pro(%the5 In liu¢ with our responsAbilitie4 outlined abo. to dBtrd maÉerÈal misstatements in resp¢ct of irreglaritie8, tncluding frau The ¢xt¢nt to which our procedures ¢ capable of detecling itregularlties, 1cludIng fraud is detsil¢d b¢low'. ExeBÉ ¢0 which ¢he audit roDsidered capable of detecting irreguiarltles Ineluding fraud W¢ identify arLd asses5 the risks of matQTial 1&51ateMcTrt of the fmancial 8tatemènts, whether due to fraud or error. and thea d181 olld perfomi audit procedwes rponSiV¢ to these risks. including obtaiuiDg audit evidenc¢ that 15 8ufficient aud appropriate to provid¢ 8b&8is for our OPiDiOn. IdeTrUifying taLwa¥$igpoIexIRal relaledlo irregul1¢1¢¢ In idelltifying and as8&58ing risks of material misSt8temeDt in respBc of 1¢818T1tte including fraud llou- ¢omplianiY with laws andregulation5, we consid¢r¢d the following.. the Dature of the illdu5ty, control environw¢nt and busine performance. the results of our enquiries of management ab)ut their own identificfttirn and 88Ses&7nets of the risks of iTregulariti¢S' any lliatters we id1][1 having obtained and reviewed the charitys policie8 and procedur¢s T¢lating to.. identifying, evaluating ai)d cornplyiDg with l&ws and regulations and whether they wet¢ &We of auy instances of noll-compliarA¢e" dtheGting alld Sponding to the risks of fraud and whether th¢y have knowled8e of any Actual, suspected or alleged fraud., the matters discussed amollg the audit engagement team rewdillg how alld wheTe fraud might in the fmancial Stateellts and any potential indicator3 of fr&u& In common with all audits under ISAS IUK) we are also required to perfonll specific proL%dures to respond to the risk of manag¢ent ov¢ffid¢. We 90 obtained all undorstanding of the legal and regulatory frarnework Ébat ttLe ¢ity operates focu85ing on provisions of thos¢ laws and r¢gulations that had a direct effect on the deterniination of material aMOuts and disc105UTes in the fanCial ststements, such as the Charity's A¢t 2011. Page 6
AYIA)TT JANES ALMSHOUSES REPORT OF THE INDEPENDENT AUDITORS TO THE MKMBERS OF AYLOTT JANES ALMSHOUSES In additio we collsidered the PTOVi8iODS of other laws aT)d r¢guiati(ms that do nos have a direct effect of tb¢ fmancial ststernents but cornpliance with which may be fundameDtal to the Charity's ability to operate orto avoid a Materi penalty. AUdttr£Fpoe lo r4sk identified Our proccthwes to Tespond to risks identified included the followÈng: Keviewing the fm8ncial slatEmeth disclosurcs to &eSS cornpliance wiib provisi($ of relevant law5 and regulations descnled as haviDg a direct effect on the stst¢¢llts. Performing ana]ytica] proc¢dure5 to identify aTEy unusual or wJ¢xtuted relationships that may indicate material is¥¢a*tnent due to fraud. In addre$8ffitig the risk of fraud througb margement oveTTid¢ of coDtrols. tbe testing of the appropriatsn¢s8 of journal entries aud other adjustoJ¢nts and ¢valu&ting the business tationak of any signifiCtt traDsaction5 that ar¢ unu&L or outsid¢ th¢ numiul ¢ourse of busiu¢s$. We al$f) conununicated relevalll idenlified jaws and regulations and potential fraud Tisks lo all ¢ngagEment team member5 remained alert to any indiLation8 of fraL or noll-compliau¢¢ with laws and regulatiollS thrwgbi)ut th¢ Becaus¢ of the inher¢llt limitatioll8 of &udiL th¢T¢ is a risk that we will not detect all irregularities, including tho leading lo a material rnisstatement lll the finallcial 5tstements or noll-compliant¢ with regulation. This risk in¢r¢&se8 the moTe that comp]iance with a law or regulation 15 removed from the events and knaclion5 refltea in the fmancial statem¢nts, as we will be less lll(ely to become awfire of instances of non-eompliance. The risk is also greater regarding irr¢gulaTiti¢s o¢curring dlle to hud r&ther than etTor, &8 fraud inYolve$ int¢ntional concealmenL forgery. Collusio omi8sityA or misrq)r¢s¢lltation. Us¢ of ollr report Thi5 report ts made solety to the ch1$ trustees. as a body. in ac¢ordAnc4 with Part 4 of the ltieS (Accounts and Reports) Regulations 2008. Our audit WO has been undertaken 50 that we might stste to the charitys truslee5 those matters we are required to stste to them in 8n auditor's report for no other purpose. To th¢ fullest eXtt pernlitted by law. we do not accept or assume respollsibiliry to anyone other than the charity 4nd the cbwity's trustees a5 a tM)dy, fff our audit work, for thi8 r¢porL or for the OPinils we he fornied Miller & Co. Chartered AccouDlants Statutory AtltOr 5 I)npid1 Court taporto W#y. Luton Bedfordshi LU4 8FE Miller & Co is eligible for poinent auditor of the charity by virthLe of its eligibilty for aPPOiDtroent auditor of a company under 5ectton 1212 of the ColltpaDXeS Aet 2006. Page 7
AYLOTW JANES ALMSHOUSES SfATEMENT OF COMPREHKNSIVK INCOME for the YeaT Ended 31 De¢ember 21ll5 2025 2024 No¢¢ Turnover 173,070 173,019 Operatin8 expenditure (139 404 OperatlnK (defKit)1gurplu8 (34?38) 33,615 Income from fixed asset illyestments 35,902 31.737 Movements in fair value of 116J73 46,899 Totsl eomprehenglve Illeome for tbe ye&r All income and expellditwe derive from continuing activiti¢s. The financial statemgnts w¢r¢ approved by the Thistees on 18 March 2026 and sigTL¢d orj their behalf by: Tusk¢- T Thjstee. Vl Page 8
AYLOTT JANES ALMSHOUSES BALANCE SHEET 31 December 2025 21125 2024 FIXED ASSETS: Freehold Housing Propertie5 Investments 719,410 1154 574 730,385 991 143 1,873984 1,721,528 CURRENT ASSETS: Debtors Cash at batQ and in band 37,704 29.314 95.642 86,429 124,956 CREDITORS: Amounts fallillg du¢ within one year IYET CURRENT ASSETS 74ffj 111,780 CREDITORS: Arnounts falling afterlltore than ooe y IX635 157.233 TOTAL NET ASSETS £1,794 012 £1,676 075 RESERVES: FdOWellt reserve lItriCted Teserve 12 12 826,416 33 730,641 267414 1,161,486 998,055 Uttrestri¢ted fid8.. Ina)me and exwiditure reserye 632526 678.lno £1794 012 £1,676,075 The fitian¢iaJ slat¢ments were appmved and authoriKd foT is8ue by the ThLqtees on 18 Marth 2026. Signed on behalf of the Trustees: Thistee- T Your4 Trustee. F4uS5thfvJ Th¢ notes form part of tha%e finmcial statements Page 9
AYL(yrr JANKS ALMSHOUSES STATEMENT OF CHANGES IN RESERVES for the YeAr Ended 31 December 2025 tlleome alld expendlture reserve Restricted reserve ndowmen¢ reserve Totsl Ai l January 2024 656,057 226,884 680,883 I.563,4 Surplus l (deficit) for the year 65,352 9,109 37,790 112,251 Totsl comprthn5ive in¢on)e 721,409 235,993 718,673 1,676.075 Trallsfers betWCEn funds (43,389) 31,421 11.968 At 31 Decernkn 2024 4nd l January 2¢T25 678,020 267,414 730.641 1.67A075 Su1% / (deficit) forthe year 1,564 33,887 82,486 117,937 Totsl ¢omprehensiv¢ iDCOm¢ 679,S84 301,301 813,127 l.794.012 Transfers between fimds (47,058) 33.769 13,289 At 31 Dec4rnEtr 2025 1794 012 Page 10
AYLOTT JANES ALMSHOUSLS STATKMKNf OF CASH FLOWS for the Year Ended 31 December 2025 Note 2025 2024 Net casb Ilow from operatlng aetivities 15 32,029 Net cash flow frojn Investfig 4ctivlUes Dividends received Payments to acquirg inv¢stsllents 35,902 31,737 Net ¢ash flow fn)m illvesting 11,1 11,652 Ne¢ (de£re*$e) I In¢rease ID eash and ¢a5h equiv&leDts (46,917) 2,377 C48h and c&gh equival¢nts at begknnlng ofthe year 95644 75,267 Casb and c4sh ¢qulvalents at end of the year 4&727 Cash eagh eqlllvalents con8bt of C&8h at bank and on hand Cash on deposti with brok¢ 4&725 95.642 Cash and cash ¢quivalut8 at end of the year 16 727 Pagell
AYL(yfT JANES ALMSHOiISES NOTES TO T1 FINANCIAL STATEMENrs for tbc Year Ended 31 DeLember 2025 AccouNfiNG POLICIES Al Status Ay]ott Jane5 A]rashouse9 is an unin¢orEx)yated charity wgistgred with the Charity Cojmllission for England and Wales, a private regi5ter&J provider of sociBI housing in tbe United Kingdom. Principal accollnting policie5 8nd b19 of 4ccountlng The f4c]a1 stst¢mEDts have bEen prepared in accordance with applicable accounting 8tsndard8 includtng Financial ReportiDg Standard 102 The Financiul Reports'ng &andard applici7ble in the Uniled Kingdom QAd Republ ofJTelahd (FRS 102), the Stal¢ment of Recommended Practice for Social Housing Provid¢t8 2018 and with the Accounting Direction for piivate re8istsTed providers of social housing in Englgnd 2022. The financial ststements are also prepar wider the rEquircmettts of the Housillg and RegeratIOn Act 2008. A sU8ry of the i[X)rtant accounting p)]icie5 which hav¢ be¢D 8pplied consi5tclltty are set out below. The financial statements have been pr¢parcd on & going concern basis undeT the bistori1 wst eonventi except for investments whicb are valued at fair value. The financial statements are presented in POL¥nds sterIing and rowlded to the nearest pound. Th¢ register number and address of the principal officE foUd on the charity information page. Th¢ regtsteredprovider of social housing constitute8 a publio b¢n¢fit ¢lltity w defillbY FRS 102. Tanglble fixed assets Tangible fixed assets including 80clal housiug propertA&S ore stated at cost less arxuDLulated dew¢riation and itnpairmellt losse$. Cost includes costs directly attributabl¢ to toakiryg the a8s¢t capable of operating int¢nd¢d such as the cost of acquiring land and buildings, developments costs and illterest eS on loans during the development period. ExF¢nditsre on improvements will only be capitali5ed when it r¢sults in incrementsl firtu benefits. Depreciation is provided on all t&llTr$Ie fixed al rntes calcu]atgJ to lte off the cosL I¢s5 sstiated r¢sidual value. of ea¢h asset on a systematic basis over its expertsd useful life as follows.. Land Hou5iDg propety Not d¢pre¢iated Over 70 yeBf8 Sotlal bouslng grant Aylott J8n&g Almthous¢s have been partly financed by a SOCI housing grant. The assets to wbich the grant r¢l8* ar¢ a¢¢ount¢d for on the cost model and tberefore the SHG is accowjted for th¢ accrnal mi)del. SHG IS Tecogni5ed a8 a liability and amortised in income over the useful life of the housing stsuthr¢ which ha8 been deemcd to b¢ 100 ycars. EDdowrnet fund This reserve Wds created with the monies ¢Trdowed upoll the ¢IrIty by F C W Jall and S C AylolL This fund is de8iglled to supply investment income for the Charity. Restricted fuDd R¢striet¢d fiwds ¢omprise the Extsordinary Re]MiTS Fund teserve whith has be¢n created to cov¢r extraordinary repatTS, iroprovement or rebuilding of th¢ AItD$houses b¢lollgiog ¢0 the Cbarity. An amount of not less than £100 must be invested yearly in this Expenditure which meets the terms of the fund &r¢ allocated agaiDst thes¢ fund8. Ac¢llmulated fund This rd is for the future general upkeep and rnDning costs of Queens Close AimshousBs. Th¢ llots$ fotm part ofthese fman¢i&l Statements Page 12
AYLOTT JAf+lES ALMSHOUSES NOTES TO THE FINANCIAL STATEMErs ror the Year Ended 31 December 2025 FianCial instrumonts Cath and bank balan¢¢s and debtors at]d creditors with no Sed intetest rute re¢¢ivable OT payable wtthin oneyeur ar¢ ttcorded 8t tranStiOn price. Any losses &rising from inwairnieDt are recognised ID the 5tateJnent of compr¢heDsiYe income. Flxed asset Investments Investsnents are re£oglltsed itiitiatly at fair value whi¢h is noTmaity IrallsBction price excluding tr#Dsactio costs. Subsequclltly, th¢y ar¢ rneasured at fair value through tbe 8tatsm¢nt of compreh2ns&v¢ illcome if the sbart8 are pUbli1]Y trad¢d or their fair value can otherwise be measured reliabty. The surplus or deficit OD any di5posg]8 ar¢ Lalculated as the dtffererlce between the opeJ]ing valuation and disposal proLwJs and are reCOgned in the statement of comprehell5ive ill¢om¢. SignlficalltjudgeeDts and e5timatcs Prewutiou of the r]Dallcial statements requires mall&gennt to make significant Judgements in apptyiDg Ihe accounting policies of the Charity and egtitnates attd assujnptions that have a significant effect on the recognttion and Jne4suremeJLt of &8s¢ts. liabilitie4 iDGom¢ and expenses. Actual resu]ts may be different to th¢se estimates. SignlficanljHdgements Housing prop¢rti¢s In wlying tbe charity's accounting poli¢ie5 th¢ fr¢chold IU5]llg properties have been classified as propety plant and equiptnent 8lld therefore accoulltsd for at cost. However. there 15 no record of the OTigillal alm5houw cost and the value attributed in 1979 has boen deemed cost. The impTovem¢TJts lo housing properti¢8 carried out Since l January 1982 have been ineludea at UYsL The buildings are currentty insured for a sum of £4,555,820. Esltrnthlon WZGertLTpIty Us¢ful liv of d¢pre¢iable assets Management review5 118 e51imate of the use[ livos of depreciable a&sets ut ea£h reportillg datr FA5ed on the eKpected uLility of the assets. Revlsions to thes¢ ¢$timates are recognised in the period in which the revision of the estimate occutTed where it only affe¢ts that y¢8r. or tn the wiod of revision Bnd fitsjre periods where th¢ revision 8ff¢¢ts both ¢urren( and future periods. TurDover Turnover represents contnTrJutions and s¢rvi¢t chargu in¢ouJ¢ rrc¢ivable iti the year, net of losses from void5 d al)L(lstiOTh of gov¢nuuellt grants. EMPLOYEES During th¢ ye4r there were no ernployees paid by the charity. The manogement of the clwity is Ulldertaken by Duncpn Welch & Co, Clerft to tbe Tr8t¢¢s. Managornent fees Gharged tn the y¢aT amowited to £31.618 (2024: £27.(rf)o). The notes form part of the fin&nciAI statements Page 13
AYLOTT JANES ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS for tbe Year Ended 31 DecemlJeT 2025 PARTICULARS OF TURNOVER AND ADMINISTRATIVE EXPENDITURE FROM soCIL HOUSING LEThINGS 2025 2024 Turnover Contributiong r¢ceivable Det of identifiabl¢ service ¢bar$ and void8 Service ¢harge incom¢ Amorti8¢d gov¢rnm¢ut grants IfAI,601 9,871 598 161,500 8,921 Turnover from soelal houslng lettlngy 173,070 173.019 AdmlnL8tr8ttv¢ expendlture (note 18) Management costs Service charge costs Repairs and rnaintenance Depreciaiion of housing propertie8 42,006 29,386 124,441 10,975 38,856 29,713 59,860 Admlthrattve expeDdlture on soeial houslDg lettlng% 2(17808 139,404 Operatlng {deflcl¢)Isurplus on sodal houslng letilng8 38 Void losses All lurnover and expenditur¢ is An resp¢th of hou5iDg for older people. TANGIBLE FIXED ASSETS Freebohl Housing Property Cost At l January 225 and 31 IkLwnb¢r 2025 DeprtciatiDn At l January 2025 Charge for year 98.775 At 31 DeMber2025 109 750 Net l)ook value At 31 L)eLember 2025 719 41D At 31 December 2024 730 385 The notes forni part of these fillall¢ial tht¢m¢nts Page 14
AYLOTT JANES ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 Dec¢JNber 2025 CoBt ma¢t Value EDdowment fuDd Balance bTought fonvard Additions in year Disposals Én yc&r AccumulJted incom¢ Chattge in mwket val 339,139 723,727 13.289 13389 Balance carried fotvard Cash on dep08it at brokers 352,428 819,502 Total ¢ndowment funds 352.430 819¥04 Exttaordlnary repAln fuDd Ballln brought forwaTd Additions in year Disposals in year Accumulated illcome Challge in Met value 242,446 21,600 267A14 21,6110 12.169 12,169 Balance carried forword 276 At 31 Decernb 2025 1154 574 At 31 De¢emb¢r 2024 The fair valu¢ of listed iuv¢stDi¢nts is d¢t¢rniined by refttcnc¢ to the Triddle ptict llt close of business at the balaw¢ sh¢¢t dato. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 21r24 Contribution arre8rs Pr¢Dqym¢nts alld ¢nd income 1,3 1,402 27,9l2 CREDrfoRS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Contributions paid itL advance Accrued expenses Deferred icOme 5,081 4,087 5.795 4,783 The not&g forni part of these fJnaThcial stateMets Page15
AYLOTT JANES ALMSHOUSES NOTES TO THE FINANCIAL STATEMKNTS for the Ye8r Ended 31 December 2025 CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2025 2024 Defed incone 157 233 157 233 TAXATION The charity ha5 model tharitsble rulfs alld its sutplu8¢5 and gains aTe exewpt froTh taxatiijn. 10. HOMES IN NtANAGEMENT The Chty bad 36 fiats tn mallagerllenl at both tbe beg]nning and the end of the accounting period. These we owtd by the dmrity and represent housing for older people. Contributions are received from 35 fflats whilst lflat is provi(led free of tharge to th¢ warde 11. INCOME AND EXPENDrriiRE RLSERVE Th¢ itLcollLe and ¢xp¢nditure reserve represents cumulative sutylus and deficits net of otheradjustments. 12. RESTRICTED FUNDS 2025 2024 ENDOIYhlEhTREgER VE Brought foLivard Not tt7nsf¢rs from )ULX)e alld exditUre reserve Mov¢ment ill ]r value 730,641 11289 680.883 I I,968 cTi¢d fon¥ 826 416 730641 The endowment reserve i& made up of th¢ ¢ndowm¢nt fixud which provi(ks inv¢skn¢nt income for the tharity. RESTIUCTED RESEJ£PE Brought forward Net tran3f¢rs from income aDd expenditllre reserve Movement in fair value 267A14 33,709 33 226,884 31,421 Canied foTward 267414 The restric1 r¢8¢rve is made up of the ¢xtraordinary repai fid wbith is to cover extraordinaryTepair4 improvement or rebuilding of the uirD8houses. 13. TRUSTEES AND KEY MANAGEMENT PERSoNL RETrTUNERATION AND EXPENSES Key D)Anagemen¢petso])nel neither re¢¢ived nor waived aDy remUTher&ti nor weTe they retmbursed ony expcnses durillg the year {2024'. £nil). The notes forn part of these financial Statements Page 16
AYIA)TT JANES ALMSHOUSES NOTLS TO THE FINANCIAL STATEMENTS for the Year Ended 31 Deeember 2025 14. CAPITAL COMLiifiMENTS There were no w*it&l ¢on)mitments atthe year end. 15. CASH FLOW FROM OPERATING ACTivrriES 2025 2024 SuTplus l (deficit) for the yefjr Amortised housing ant Depreciation of tangible fixed assets (DeLYe&8e) / Increase in creditors DeCr¢e l (Increase) debtors Dividends receivabl¢ DAoveJnent in fatr va]ue of fixed aet investments 117,937 (2,59 10,975 {IAIo) {8J90) (35,902) 116 73 112.251 {2.598) 10.975 730 (10,693) (31,737) Net cash tlow froll) opernting a¢livilies 16. ANALYSIS OF CIIANGES IN NET FUNDS At 01.01.25 Cagb flow At 31.1125 Net cash Cath and ¢ash equivaknts 95,644 (4C917) (46,917) (46JIT) 48,727 95,644 95,644 48,727 48,727 Totsl The notes forn part of these frÈaThcial ststemonts Page 17
AYLOTT JANES ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS for the Yr Ended 31 December 2U25 17. FINANCIAL INSTRUMENrs 2025 2024 The canying aTnounts of the tharity's fiDall¢ial Instr¢llts Jre &5 follows: Me&8ur¢d al fair value througb th¥ ststement of Comprehensive in¢om¢: - Fix¢d asset listed illvestments (Dote 5) 1154 574 Ikbt instrwD¢nts m¢asur¢d at amorttsed cost.. - Other debtors (note 6) FlnaDelal Ilabllltles Mea8ur¢d at aEnortised ¢osL - Oth¢r Credito (Dote 7) 11)¢ It0m¢. ¢xp¢ns¢s, n¢1 gains ond net losses attributable to the cIMrty's fitwKiaL insttuments aTe a5 follows: Income ond&¥pense Finallclal assets roeasured at fair value tbrougb the statement of compre]1Ve inco)ne.' Nel gaiw and/ changes Infofr value) Financial assets measured at fair value tbrough Ihe 8taten]ent of comprehensive incom¢: 116 The noles form part of thes¢ fJnau¢iai $tst¢ments Page 18
AYLOTT JANES ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS ror the Yr EThded 31 D¢eember 2025 18. OPRATING COSTS 21125 2024 ManageMet easts Propety insuraDce sUbslpti0ns Fee for right of way Management charges Auditors. remuneration Audito, audit wo Legal aDd prof¢ssional fees Bank charges 5,1112 620 150 31,618 2,148 1,428 4,191 599 150 27.ffl)0 2.088 1.386 2,652 19) 220 Servlce costs Water rateg Council tax on ¢mpty properti¢s Light & h¢at on ¢mpty prop¢rti¢s Sundry expenses Ligbting of CODmion Br Warden's light andbeat W8xden's tlephone Wgxdell's council tsx Warden's water rates Warden's ChT15tn) box gift Wardea call system Cleaning GBrden m&intellan¢¢ 9,871 (511) 1,019 1,641 1,185 2J20 1045 lJ47 362 25 1044 1663 8,92l 2,350 261 1,368 1.433 2.804 1,587 1,473 324 250 2,002 2,860 29 29,713 Day to day repair5 main¢enAnce Repwir5 and servicillg to boilers Gas safety che4k Plumbing rep&irs Warden call maintenance Redecoration and refitrbisbment of flats Ext¢rnai rcd¢wrati(Trns Entrance doors and CCTV Fire extiiiguisber s¢rvi¢ing and replac¢ments Fire s0k¢ alam)8 Electrical re1 1284 3,672 6,664 3,625 35,621 4&360 13963 715 1,404 5,828 4,380 3,570 5.901 3.023 2.130 544 35.828 The notes fomi port of these fioats¢ial 8tatemellts Page 19