Charity Tegistration nllmber: 200230 Reg￿latOr 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£18te￿I 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 Nurn￿r A0211 TRUSTEES CHAIRMAN: J Yowig OTHKR TRUSTKLS: P BaDks.Smith K A Cowpn Father R Brosvll (Resign￿ 31 D￿e￿llber 2024) Councillor C Isles K Porttr Councillor S Sbabanarn (R¢mov¢d 30 April 2025) Coullci]lor M A Kban Couucillor M HussaiD cl￿RK 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 Ch￿lty. 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]whO￿8¢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¢ Tn￿tte9 have deah with aIl recommendatioDs of the AhllshOts￿ Assy)ciation and th¢ Regulator of Sixial Housing. A¢hievem¢tyÉs Th¢ tharity off¢r$ 18 $it)gle and 18 double ullits at Queens Close and there one unoLYupTred llat at th¢ y¢ar end. I￿ring the year £50,023 wa5 spent on external redecoration works including the replacement of the entrance door to tlats 14. There a]so a new ccrv system installed at a cost of £9,290. A further £35.621 was spent on the refutblslmteot of five flats. This work included fo￿ now bollers being fitted and three tlats uThJergoi7Jg redecoration. R¢vi¢w of businu The totsl compreheDSiV¢ of the cIwity for the year was a SUTpIu5 of £117,937 (2024.. £112,251) which includ¢d 4 ￿1n in the fair value of &nvestm¢uts of £116,373 (2024.. £46,899). The investments are held specificalty to fi￿d ￿tUre extrdordinary repairs. Th¢ total reserves at the end of the year had increased to £l.794.012. The financial activities of the chaTity are set out in dEtait in the attached finallcial statements. The Charity w&$ in a satisfactyry fjnall¢ial positioJL at the year en 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 p￿tiCular 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 [Deasu￿5. and publish th¢ir perfoTmallce at kast bi~aDnuaIly as a S￿all Tegistered provider. We undertook & TenBnt Perc£ption Sl￿veY in October 2025. AII 35 r¢sid¢ots wer¢ invited to porticipate, not just a S￿￿11 sample. 12 residents responded which was just over 33% participation, wbi¢b wo Collsidered wa8 a fair level of aSseSs￿ent. 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 SCr￿Ce 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 se￿ice requests or reporting of potential complaint h88 a very short tiw¢lAD¢ ullfette￿d 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 ch￿tty 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 fiD￿Cial 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 I￿1¢¢ 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 jATrI￿S 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￿ G￿erallY 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 AC￿pted 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 I￿U5]llg ill Engiand 2022. B*sts for opinio We conductsd our audit in 8ccordallce with Internatii)n81 StsndaTds on Auditing (UK) USAS IUK)) applicable law. Our responBibi]ities under those $1xndards are fi]rtber thscribed in the Auditors, ￿pOnSibIlitieS for the audit of the financial ststements 9#tion of our r¢port. We are independent of the ¢haTity ill a¢¢ordaTJGe with the ¢thi¢al requir¢Dients that aTe relevant to our audit of the financial Statements in the UK including the FRC'S Ethical Standard. atKI we have fvir￿ed our other ethical reSpI)n￿7)i11tt¢s in accordance with these requirements. We believe that the audit evidence we have obtsined is sufficient and appropriate to provide a b&8is foT our opinion. Colleluslons relgtlne to golllg ¢on¢tr We have nothing to rq)tsrt in respect of the following matters in rel&tioJ] to whith th¢ ISAS (UK) Tequire us to report to you wheT¢'. the tntstee8' U8e of the going concern basi5 of a￿Ount[D8 in th¢ prep4Trtion of the financial st4tsm¢nts 15 not appropriate" or the trllstees have not diselosed in the financi￿ statements aDy identified material ullcerlaintftes that tw c&st significant doubt about the cbaritys ability tr> continue to adopt the going concern b￿lS of accounting for a period of at le&8t twelve months from the date when the financiat state￿¢llts ar¢ authori%d for issu¢. Other information The tsustees 8Te responsible for the other itthtmatsoll. The Oth￿ inforjnation ￿prISeS the illformatioll ill the Thistees RetM)¢ but d￿$ not include tbe finallcial Slate￿ents and our auditor'5 report thcrefft Our opinion ijn tb fiDaDcial staternet￿ does not cO￿r 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 f￿anCial statements or our knowledge obtaiDed in th¢ audit or otherwise appears to be ￿￿terIallY misstaSe