Charity Reglstra¢Son Number: 200397 Regulator of Social Hou51ngi Registered Number: A2840 T JOHN?S HOMES A MEMBER OF THE NATIONAL ASSOCIATION OF ALMSHOUSES UNAUDITED REPORT AND FIN NCIAL STATEMEN FOR THE YEAR ENDED 31 DECEMBER
ST JOHN'S H ME CONTENTS OF THE FTNANCTAL STATEMENTS FOR THE YEAR ENDED I DECEMBER 2023 Page Legal and Admlnistrntlve Information Report of the Trustse5 Independent Examiner's Report ststement of Comprehenslve In¢om¢ Statement of Financ181 Posltlon Statement of Cash Flow8 Notes to the FSnaD¢ffial Statements 9-15
T JOHN'S H MES FOR THE YEAR ENDED 31 DECEMBER 2023 LECAL AND ADMtNisfRA INFORMATION STEE Mrs Gillian Cooper Mrs Janet FaTdell (Chair) Revd Eri¢ Lomax Mrs Annette Chandler R¢vd Andrea Maffei Mn YvonDe Cl8Jke CLERK: Miss Julia Eros ARITY NUMBER. 200397 DEP DENT Rawlinson Pryde Limited Argent Hou5¢ 5 Goldington Road Bedford MK40 3JY BANKERS: Natwest Bank plc 81 High Street Bedford MK40 IYN IN STME AN GERS.. BlackRo¢k Investment Management (UK) Ltd PO Box 545 Darlington DLI 9TQ M & G Securities Limited PO Box 9038 Chelmsford CM99 2XF Page I
N>S HOMES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 3J DECEMBER 2023 The trustees are pleased to present their amnuaI report tog¢ther with th¢ fjnancial stat¢m¢nts of th¢ Charity for tbe year ended 31 December 2023. STRucfuRE, GOVERNANCE AND MANAGEMENT Governlng do¢umen¢: Th¢ Charity is ¢ontroll¢d by its governing documents. St Jolw's Homes 1$ comprised ID a deed of grant dat¢d 19 December 1881 in the fonner Eccle5ia5tical Parish of All Saints with St. John and St. Stephen, Kempston and comprised in deeds of endowment dated 20 December 1881 and 30 July 1916 in the Anne Jane Charles-willigmson Endowment Fund and in the matter of the Charities A¢L 1960. Recrul¢ment and appointment of Dew trustees: The charity is administered &nd ordinarily mpnaged by a boity of trustees that consist of six competent persons being Two ex-offieio tnteeS 8t)d Four co-optative tsustees. The ex•officio tNstees shall be.. The Vicar of the Parish of All Saints, Kempston and The Priest in Charge of the Parish Church of the Transfigurdtion. The Covoptstive trustees shall be persons who are.. Members of the Church of Englond and Through residenc¢. ¢)ccupation QT employment have special knowledge of the area of benefit of the ¢hwity. Cfroptative trustees shall be POInted for a period of five yean. The trustees who served during the year were.. Mrs G Cooper Mrs J. Fardell (Chair) Mrs F. Leonard Revd. Eric Lom& Mrs Annette Chandler R¢vd. kndroa Maffoi Mrs Y. Clark¢ - relired 31108123 - appoin¢ed 31108r23 Silaries No m¢mber of the Board of Trus*¢S r¢¢eiv¢d any r¢munerntion during th¢ ye8r. Related parties No member of the Boord of Trustee$ hos any interest in any firni of ¢ontr8¢Éors or consultants employed by the Charity. Risk assessment The major risks to which the chaTity is ¢xposed a5 identified by the trustees have been reviewed and systems have been estsblished to mitigate the5¢ risk$. OWECTIVES AND AcrivrrIES The almshouses b¢longing to the ¢harity sh1 be Sed for the residence of a]mspeople. Almspeople under this scheme shall b¢ n¢edy p¢rsons of good ¢hurd¢ter b¢iDg rnwnbErs of the Christian faith wid who are near family who have resided in th¢ parish of All Saints with St. John aJLd St. Stephen, Kempstorn for not less than 10 years. They should be of TetlTemeni age or, if still workin& to not be employed for more than 15 hours a week. The trustees shall in$w¢ and maintain the alrnshouses and establish and maintain repair funds for the repair, improvement and rebuilding of the a]mshous¢s. The trust¢es appoint a warden to ¢he¢k on the general well-being of residents and manage the communal areas. Publle benellt statetnent The Trustees have given due consideration to the Ctwity Commission's published guidance on the Public Benefit requir¢ment under the Charities Act 2011, and is A public b¢n¢fii eniity, Page 2
JOHN?S HOMES REPORT FTHET FOR THE YEAR ENDED 31 DE Review of Ibe year With the contiDu¢d increases in th¢ ¢08t of utility bllls and g¢neTal cost of living expenses, the trustees had &ed not to increase the monthly wntributions from January 2023. It was agreed however. to increase the contributions from l January 2024 by 2% (with the exception of the water rdt¢s). In June 2023 the residents enjoyed a Coronation Party despite the bad weathv. Voids during the year.. Flat 20 was Va¢t from Dmnber 2022 urntil the end of February 2023 during which time it was Yedvoraled. Flat 5 became vacant in June and w&s Tedecorated before a new resident took up occupancy in August. Work on th¢ fiats during th¢ year: As woll as numerous routine electrical, plumbing works and minor r¢pairs and de¢oratirng the following WOTk w&s carried out.. The boilers were replaced in flats 10 & 14. The stsir lift in flat 14 was breaking down regularly and they were no longer 2ble to g¢t parts for the lift a5 the manufactsrtr had ¢thsed to trade. Aftff discussion wtth Chiltem Lift Company it Was decided to replac¢ the lifi. The showertray and cubicle were als0 r¢p]a¢¢d. During th¢ summer months the exlerior TefiJrbislm)ent of flats 12-21 w&8 Caff1 out at a total cost of £15,433. Th¢ rear door and sid¢ screen in the warden's block were rotting and it wa8 decided to repla¢e them with UPVC. One of our residents insi&ted there was is5u¢ with damp in her flat. B &W Damp & Timber expertg vdme out in October 2023. They had pr¢viously been called out to the same property Tn 2021, both times they confinned that the issue was condensation and provided the resident with literalur¢ of how to d¢al with these issues. The clerk had pViOUslY sent out 8 similar guidan to all residents after an aJticle in the Almshou5¢ Aswiaiion Gazette. The tsijstees had read anoth¢r articl¢ in th¢ Guette Tegarding ventilation systems but B & W Damp and Timber advised that the issue did not warrant these systems. In 2024 both th¢ elertri¢al systems in all the flats and warden blo¢k and a quinquennial report will need to be carried out. The trustees looked at the windtsw cl¢anuig s¢rvi¢es and obtained 3 quotes in the year. As they were all in the region of £250- £300 per visit and our ¢uff¢nt window Cleaner is charging £87 per visit it was decided to leave f(>r thc time being. At the trustees meeting at lh¢ end of Augu5L Frdnce5 Leonard retir¢d afteT s¢rving for 17 years gs a trnstee and we welcomed Yvonne Clarke to the board of ttusiees at th¢ saTn¢ meeting. Robinson & Hall wer¢ invil¢d io do th¢ ValuatiOn of the charity's land and buildingji whi¢h w¢r¢ las¢ vaTu¢d in 2015, The charity's nUa] return for 2023, filing of the accounts and updating the trustee iDfornJation on the Charity Commission website are still outstandin8. The Clwity Commission launch¢d"My Chority Commission A¢counl"in July 2023 and as instructed w¢ requested a link to register. Despite severil email3 chasing and requesting the link again we still have not received one. They advised they were receiving high volumes of cDrr¢spondenc¢ following th¢ launch and rnay not be able to respond Hs quickly as usual. We are 5ti11 w8iting for the link. Finan¢ial review For the yeaT ended 31 Decemb¢r 2023: The charity had a deficit of £7,140 (2022.. £16,087). The market value of the Lnvesmients decreas¢d iD the year by £340 (2022.. £18,594). The residents, eontributions were increased by 2/0 for th¢ 2024 f]nan¢i41 year. No additional investment units were purchased in 2023, or will be in 2024.
JOHN? HOMES RT OF THE TR Conll ECEMBER 21123 Prlnclpal fllndl sources The Cknrity's malD fimding ts contr11tiOnS T¥veiv4yJ from residts. Re4erves pt)Il¢y It is the policy of thi ISlee3 to ljold reserye funds for the d&y-to48y rnailltwance. ¢1]Cal maintenance and for extra repalrs. The amount in thes¢ TeS at 31 December 2023 is £145,758 (2022.. £140.163). Gfflerai reserves 05 at 31 December 2023 were £95257121Y22: £102,057) and th¢ iotsi r¢5Erves (includiusrcvaluation rerves) amount¢dto £2.219,839 Q022: £1 J21,384). Th¢ tru#ees are tiSfied thatthe clwity'j a&sets attrJl)utablè to Its llldividual fiuth ore availllble ad to fvlfil its obligalion5 to those fuDd5. PJns for futhre perlods Di8ithl Swltshover preparatio Refiwbighment of Ilat 9 (vacated OD 12 Jonuory 2024). Archivtng to protect and presery¢ ¢harity COrds Update the R¢siaellts' Handbook. srATEMENf OF TRUSTEES RESPONSIBIUTIKS Th¢ trustees w¢ reOn51b]e ftt p]y)arAngthe Report of the TnJstee5 the fmancial statements in QWTdance with wlicoble law and United Kingdom Gen¢nlly A¢cepttsdAc¢oullting Practice. The law appli¢able ts• clwitie5 in England and Wal¢s and the provisions of the trnst deed r¢qUI the Inte¢S IopTW fmHRci81 Jtat¢ments fOrh fllJancia] year M,hlch give a true and tair view of the slate of Affai of th¢ charity and ofthe ift¢orningTesoum and applicion of resouYce4 inc]uthg the aod expendl¢ur¢. of the dwTIty forthot pmod. In preparing thosE finaJ]¢ial sele¢t sultabk ]xJliciw and then apply th•n rAJnsiStently: observe the method5 principles in the Charity SORP. make judgements aAd ¢5timatrs ihat ate Y¢oson&bl¢ aLd prepare the fan¢1 stslemonts on th¢ ggirtg conGern basis ]e$S it is inappropri&ts to presurnothat the ¢harity will contllw& The trths are reSpOnMle forkttpiDgprop¢r a¢4ountiD8 record4 which dlsclose with roasonable ac¢w4Cy St any time the fuyaocial POSitiOD of the chority and kn Inable them lo ensure thatthe fthllncial st4tem¢nts compty with the Charitie$ A¢1 2021 the Charity (Accounts and R¢poTts) Re8ulatTOMS 2008 arjd the provisions of th¢ 8ovem%n8 do¢wh¢nt. They responsible for safeguatdirtg the assets of the charity and hcnce for tsking Reastymble 8teF6 forthe prevention and d¢ltttion of fizud or other irrogularitiw. Approved by the Board of TnLSte¢s Ad signa itsb¢half by: J FdelI Chair A Chandler TnJste• 18 A pla014 Pa8e 4
INDEP DE MINER'S REP RT THE BOARD OF TRUSTEES OF ST OHN'S HOMES I r¢port on the fllw)¢ial statements for the year ended 31 December 2023 Set out on pages six to fifften. Respe¢tlve r¢5ponsiblllties of the Board examlner The Board of Trustees are responsible for the preparation of the financial statements. The Charity's Board conside that an audit 18 not required for this year (under Sedion 14412) of the Charities Act 2011 (th¢ 2011 Act)) and that an independent examination is required. Having satisfied myself that th¢ charity is not subjw¢ to audit under wmpany law and is eligible for independent ¢xamination, l Teport in resp¢ct of my examination of your Charity's coUnt$ as rarried out under section 145 of the Charitie5 Act 2011 ('the 2011 Act,). In ¢arrying out my ¢%8mination I hav¢ followed the Directions given by the Charity Commission undv Section 145{5Nb) of the 2011 Act. Bas15 of the independent exgminer'5 repjrt An examination iti¢lud¢s a reyiew of the accounting rOrdS kept by the charity and R comparison of the unaudit¢d fmancial statem¢nt$ presented with thos¢ re¢ord5. It also include5 consideration of any unusual items or disclosures in the unlludited financial stslements, and seeking explanations from the Board of ThteeS con¢¢rning any such matt¢rs. The procedures undertaken do not provid¢ all the ¢videnre that would be required in an alldit. and ¢onsequ¢ntly no opinion is given as to whetherthe unaudited f]nanci41 statements present a et]d fair view, and the report 15 limited to those matters set out in the statement below. Independent examIneA statement In ¢onnedion with my pxamination. no matter ha5 come to my attention: (i) which gives me rea$Iable cause to believe that. in any mat¢rial respect, the requirements: - to keep accowitsng rewrds in accordance with section 130 of the 2011 Acl and - to prepare fmancial statements which accord with the a0tIng record5, comply with the cOUnting requirements of th¢ Charities A¢t have not been met" or (2) to whicb. in my opinion. attention should be drawn in order to enable a properwiderstanding of th¢ financia] ststem¢nts to be reached. thvid John Rawlinson FCA FCCA Rawlinson Pryde Limited Chanered Accountants Argent Houge 5 Goldington Road Bedford MK40 3JY Page 5
ST HN?S HOME STATEMENT OF COlPREHENsIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestrieted R¢stri¢ted Total Total Notes INCOMING RESOURCFS Contributions Receivable (Gross) Less- Voids Less: wrItOff5 (Praud) 103,144 (1,571) 103.144 (1,571) 103,144 (2.6331 Contributions Re¢eivable (Net) 101,573 IOIA73 100,511 Grdnts Received Invesllnent Income Interest Receivable Sundry In¢ome 5,no 54S 86 5,720 545 86 5,622 98 74 TOTAL INCOMING RESOURCES 107,924 107,924 106,305 RESOURCES EXPETr4DED Administrdlive Expeuses Interest Payobl¢ and Similar Charg¢s (114,724) (114,724) (103.798) TOTAL RESOURCES EXPENDED (114.724) (lJ4,724) (103.798) Change in Value of Investhients (340) (340) 118.594) (DEFICITYSURPLUS FOR THE YEAR (7,140) (7,140) (16.087) SURPLUS BROUGHT FORWARD 168,618 168,618 184.705 TRANSFERS SURPLUS CARRIED FORWAIU) 161,478 161,478 168,618 Th¢r¢ are no recognised gain5 or1058es Other than the in¢ome for the ye9r. The note5 fonn part of these finan¢lal statements Page 6
T JOHN, OMES STATEMENT OF FJNAf4CIAL PO AS AT 31 DECEMBER 2023 ITION Note5 2023 2022 FIXED ASSETS.. Tangible assets Investments 2,022,30D 115?94 1,123,215 115,734 2,137,694 1.238,949 CilliRENT ASSETS: Cash at bank and in hand Debtors Stock 83,768 5,734 173 85,432 3,153 152 89,675 88,737 CREDITORS: Amounts falling due withtn one year (6280) {2,552) NET CURREwf A&SETS: 83J95 86.185 CREDITORS: Amounls falling due greater than one year (1250) (3,750) NET ASSETS: 2,219,839 1,321,384 FUNDS: Aceumulated SUTpIu5 Investment revaluation reserve 12 13 95,257 66221 102,057 66,561 Surplus carried forwanl 161,478 168.618 Restricted funds Maintenan¢¢ r¢s¢rv¢s Property equity reserv¢ 14 145,758 1,912,603 140,163 1,012,603 15 TOTAL FUNDS: 2,219,839 1,321,384 The fJnan¢ial statements were approved by th¢ Board of Tte¢S On.. •&oLt J FArdell- Chalr AC ndler- TTU5tee The notes forni part of th¢se fll)an¢ial ststements Pa8¢ 7
T JOHN'S HOMES TATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Ca8hllow from operatlng activities Surylusl(defi¢it) for the year (7,140) (16,087) Adjustments for non-¢ash itemg.. Depreciation of tangible fixed Hssets De¢rease/(iTrcrease) in debtors In¢rease/{decrease) in creditors Incr¢asel{d¢crease) in intenanCe reserY¢ Decr¢/(1¢[eaSe) itL Stock 7,595 (2,581) 3,728 5,595 (21) 8.059 (639) (1,348) 13,228 (152) Net Cash generatsd from operatlng 9¢tlvltles 7,176 3,061 Cash flow from Inve5tlng a¢tlvltles: PurchasE of iansibl¢ fJx¢d assets Purchase of investm¢nts D¢crease/(increase} in investment valu¢ Disposal of tangible fvAed assets (7,484) {4,726) 340 8D4 18,594 Cash now from financing actlvhles Repayments of ixjrrowtngs (2,500) (2,500) N¢t ¢hange In cash and cash equivalents (1,664) 14.429 Cosb *nd casb equivalents at beginnlng of the yeAr 85,432 71,003 Cash and cash equlvAleDts at end of tbe ye&r 83.768 85,432 The nores forni part of these finan¢ial statements Page 8
STJ HN'S HOML NOTE E FINANCIAL STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES B31$ of preparlng the financial statements The fin8J)cial starements have been prepared In accordance with the Sts¢ement of Rwommended Practice (SORP}'. 'A¢¢ounting and Reporting by Charities preparing their COUnt$ irt a¢¢ordance with the Financi&l Reporting Standard eppli¢able in the UK and Republic of Ireland (FRS 102) (effective l January 2015),, Financial Reporting Standard 102 'The FitnCial Reporting Standard applicable in the UK and Republic of Ireland, and the Chgrities Acts 2022 and 2011, Tho fOnn of the financial ststements complies with the A¢¢ounting Requirements of the Housing SORP.. 2014 (updated 2018). Ststement of Recommendcd Practice for Registered So¢ial Housing Providers and th¢ A¢counttng Direction for Private Register¢d Provider8 of Socia] Housing 2015. These fllwjcial statem¢nts aTe prepared under the historical Cost convention, modified to include investments at their market valu¢. Contributlon$ receivable Contnbutions r¢¢¢ivable are stated at the maximum amountthat would b¢ due if 11 oc¢upancy were achleved, less an allowanco for voids during the financial period. Investmenl income Jncome is eamed from holding fixed assets for investment purposes and is recogni5¢d when receivable and the amouni can be measured by the charity. Interest on fvnds held on deposit i& included when re¢eivable and the amount can be meured by the ¢haTity. Expendlture Ltabilitie$ are recognised ag expenditur¢ as soon &£ th¢re is a legal or constrnctive obligation ¢ommitting th¢ charity to that expendith]re, li is probable that a transferof economic benefits will be required in settlemenr and the amount of obligation can be me&8ured reliably. Expenditure is ae¢ouDted for on an accrya15 basis Jnd has been classified under headings that aggregate ail cost related to the cY4tegory. Wher¢ ¢osts cannot be diT¢CtIy attributed to particular headings. they have been allocated to arfivtiie5 on a basis ¢onsist¢nl with the use of r¢sour¢¢5. Tixatlo The Charity is nSIdered to pas5 the tests set out in Paragrapb I Scheduk 6 of th¢ Finance Act 2010 and therefore it meets the definition of a charit&ble company for UK ¢otPOTation tLx purposes. A¢cordingly. the Chority 18 Potentially exempt from taxation in respect of in¢om¢ or capital gains rei¥¢d within cat¢gorie8 ¢over¢d by Chapier 3 Part I l oethe Corporation Tax A¢t 2010, or Section 256 of the Taxation of chargble Gain5 Act 1992, 10 the exlent that such income or 8ain5 are applied ¢xclusiv¢ly ts tharithble pU)SeS. Finance The accounts hav¢ been prepared on the b&qis that the capital expenditure will be gTant aided. funded by loan or rnet out of reserv¢$. Social Houslllg Grnnts aDd Property Valuation Social Housing Grants as shown ID the accounts are paid direct by the l¢nding authority and reflected in the accounts of the Associa¢ioD only whth] payment has been received. The propertie5 are stated at historical cost 1¢$$ Social Housing Grants, in a¢¢ordance with the SORP. No d¢preciation is charged on the properties, whi¢h is a d¢porture from the SORP. Page 9
HNIS HO NOT ci L STATEMENTS FOR ENDED 31 DECEMBER 2 Tanglble fiied assets Tangible fixed asset5, excepting freehold lan4 are steted it cost, less accumulated deprlatIOn and Housing Asso¢ialion grant. Depreciation is provided to write off the cost of the fixed assets over their useful life at the following rat¢5'. - FIxr¢S & fitting5 Freehold improvements IOY•, 20Yo 25Yo redu¢Sng balance IODh on reducing bAlance Provi$ion for future repalrs •lld mAilltenance The ¢haTity Sets aside reserves for futyre maint¢n4n¢e costg of Its property. Provision is made by the TTU5tee5 using Almshouse Association guidelines, to cover day ¢0 day, cyclical and extraordinary rnaintenance costs. Works ¢0 properti Any WOTk5 which result etthan¢ed economic b¢nEfiL (i.e.. increased net rental Str¢arn) capitalised. Investjnents All inve51ments are stAted at their market value at the balance sheet date. Any revaluation is ¢rediled or debited to the investhient Teva]uation reserve. Flnancial instruments Financial instruments are ¢las$ified and oc¢ourJted for according to the substance of the contracttwl agr¢emen¢ as either financial as9ets, fmncial liabililies or equity instruments. An equity tn5trument is any ¢ontr4Ct that evidenc¢s a residual llitere5t in the ass¢ts of the c¢)mpany after deductin8 all of it5 liabilities, Debtors Trade and other short-temi debtor5 are measured at transaction price, plus attributabl¢ transaction ¢osts, less any impairment. L4)an5 r¢c¢ivableare measured initially ai fair value. netoftransa¢tion costs, andaT¢measured 8ubseque]Jt]y at omortis¢d 5t using the effective interest method, less any iMpain¢t. Cash And cash equivalents Cash and cash equivalents comprise cash on hand and 11 deposits. and other short.trrni highly liquid investments that ar¢ r¢adily ¢onv¢rtible to a known 8mounl of rash and subjeetto an insignifE¢ant risk of ehange in value. Credltors Trad¢ and other short-terni ¢dItOrS are measured at tr8msaction price. plus attributable transaction Costs, 1¢ any irnpairnient. Loans payable are measured initially at fair value, net of transaction costs. and are measured subsequently at amortised cost using the effective interest meth, less any impairnieni. ImpAlrment of non-tlnneial assets Assets not measur¢d at fair value are reviewed for any indication thglt the oss¢t may be impaired at each balance sheet date. If su¢h indication exists, the recovernble amount of th¢ as8el, or the asset's ¢a$h generating unit, is estimated and compared lo the carrying amount. Where the canying amount exceeds 11$ Tecoverable amount, an impY4iTment loss is rECDgnised in profit or loss unles5 the asset is carri¢d al a fair value where the irnpaiTment loss is a fair value de¢rea3e, GRAiYfs RECEIVED No ttstricted grau15 were set aside in the year (2022: £nil). Page 10
ST JOHN. HOMES EST INANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ADMINISTRATtVE EXPENSES Administrative expenses include tbe following: Total Total 2022 HDUSinE m8nagement expenses; C[.S fees Insurance Subscriptions General expenses Accountan¢y fees AA administration f¢¢ Professiona] fees- revaluation 8.767 2A81 688 1,429 1,062 125 1,5110 7,999 2,189 654 1,654 1,118 125 16,052 13.739 Servlee costs: Warden's salary Employer's NIC Care-link and mobile warden costs J6,984 224 8,549 5274 4,701 714 6,806 604 197 15.788 203 8.538 4,760 3,832 804 5,960 578 197 Light and heat Tcl¢phon¢ Gardening Cleaning Television li¢enc¢s Professional f¢¢5 44.053 40,660 Property provl$lon$: Repairs and m&int¢nan¢e provlsions D¢pre¢iation LossllProfil) M disposal 46,220 7,595 41,340 8.059 54,619 49.399 Total administrative expenses 114,724 103,798 Pagell
T JOHN?S HOM NOTES TO T TEMENTS FOR THE YEAR ENDED 31 DECEMB TANGIBLE FIXED ASSETS Freehold Housing FreehDld Improvements Flxtures And Flttings Tot41 COST: At l January 2023 Additions Disposals Revaluation l J84077 93,189 52,709 7,484 (1,68(J) 1,530,275 7,484 (1,680) 900,00 900.01)0 At 31 December 2023 2,284077 93,189 58J13 2,43&1179 LESS HOUSING ASSOCIATION GRANT At l January 2023 and 31 Decemb¢r 2023 334J77 334J77 DEPRECtATIOLY: At l January 2023 Charg¢ for year Elimination on disposal 31,193 62011 41,490 lJ95 (876) 72,683 7,595 (876) At 31 Decembor 2023 37J93 42,009 79,402 NET BOOK VALUE: A¢ 31 D¢¢ember 2023 1,9SO,000 55,796 16,504 2,022alM) At 31 December 2022 1,050,000 61.996 11219 1.123.215 No depreciation h&$ been provid in Tespect of Houstng Properties because the residual value exeeeds the cost less ib¢ Hou5ingAssociation Grmt. During 2023, the fre¢hold housing was assessed and valued at £I,950,0(l by indepe])dellt valuer4 Robinson & Hall. Value of freehold housing pr¢-valuation was £379,531. INVBSTMENTS Cost Market Value 02 20 202 M & G Charity Multi Asset Fund tn¢om¢ Units 567 {567) In¢onie She5 509 501 3,829 (3.829} units- M & G 21,01)0 21,000 54,958 56,280 40,398 (40,398) shares in BLK Charities UK Bond Fund A Jn¢om¢ Fund (Charinco) 28.032 28.032 59,927 58.953 49,176 49,176 115,394 115.734 The investments are managed and valued by the Official Custodign for Charities. Page 12
ST JOHN* IvtES NOTES TO THE FIDIANCIAL TATEMENTS FOR THE YEAR ENDED 31 DECEMBER 202 DEBTORS: 2022 Other debtors Prepayments ond accrued income 2,072 3,602 1.107 $734 3,153 CREDITORS: Amount5 falling due within on¢ year.. 023 Trade dIt0T5 amd accruals Deferred income Social security 5,442 75 763 2,548 6280 2,552 Amounts fall du¢ greater than one year. Loans 1,25D 3.750 The Almshouse A8SOCiation loan is int¢r¢st-fr¢¢ and repayable over a I(kYe period, and in¢lud¢s an arrangement fee of 50/0 of the loan amoullt of £25.000. MAINTENANCE RESERVE: Day to Day Malntenanee Cycllcal Extraordinary Tothl Provision al 14 January 2023 Expendittwe in the y¢or (1,759) (9,226) 54,403 (31J99) 87,519 1411,163 (40,625) (10,985) 23,004 87,519 99,538 Charged Éo inwm¢ & ¢xpenditUTe account 13,860 20,080 12,280 46,220 Provtslon At 31" December 2023 207$ 43.084 99,799 145.758 Provisions mad¢ for day to day, cyclical mY4intenHnce and extraordinary r¢pairs are based on levels recornmended by the Almshouse Associatioll. Page 13
T JOHN?S H NOTES TO THE FINAN IAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 CApfrAL COMMITMENTS Th¢ Committnent at 31# December 2023 amounted to £18,000 (2022.. £25,000). io. HOUSING STOCK: 2023 Number of housing ¥Jnits in managemenL 20 20 ii. EMPLOYEES AND TRUSTEE REMUNERATIONIBENEFITS The averag¢ numberof employee5 is l (2022.. 1). No ¢mploye¢ received emoluments in ¢xce55 of £60,000. There were no tsvste¢s' remuneration or other b¢nefits for the year ended 31 Dec¢mber 2023 nor for the preceding year. There were no trnste¢s' expenses paid for th¢ year ended 31 De¢emb¢r 2023 nor for the preceding year. 12. ACCUTrIULATED SURPLUS; 023 022 Brought forward * Ilt January 2023 sUlUsI{deflCil) for year Transfer (to)lfrom restrict¢d fimd 102,057 (6,800) 99.550 2.507 Ca]Tied forward at 31" Ikcember 2023 95357 102,057 13. INVESTMENT REVALUATION RESERVE: 2023 2022 Brought forwud at I. January 2023 InvKtment revaluatioTh in year 66,561 (340) 85,155 (18,5941 Carried forward at 31st Decembcr 2023 06321 66,561 P8ge 14
ST JOH OMES O THE FINANCIAL TATEMENTS FOR TH ENDED 31 DECEMBER 2023 14. RESTRICTED RESERVES: There were DO Tthict¢d reserves in 2023 or the PTevious year. 15. PROPERTY EQUITY RESERVE: Brought forward at i*t January 2023 Revaluation offreehold propety I,D12,603 900,000 1,012.603 Carried fon¥ard al 31X D¢]ber 2023 1,912,603 1,012.603 In 2023 the fiEehold housing wa5 aeSSed and Vu¢d at £1.950.000 by independent valuers. Robinson & Hall, Page IS