Charlty Registration Number: 200397 RegulatOT of Soelal Housfing. Reglstered Yymber: A2840 HO A MEMBER OF THE ONAL ASSOCIATION OF ALMSH ES UNA DrrED REPORT AND FINANCIAL STATE NTS FOR THE YEAR ENDED 31 DECEMBER 2024
T JOHN'S HOMES CONTEKfs OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Page tkg81 Adnthilstratlye Information Report of the Trllstees l#depeDdent ExamlDer's Report St8tement &fcomprebenslve Ineome stitement of Fluancld Posldon stfttement of Cash Flows N&tes ts the FlnAtscial Statements 9-15
ST JOHN'S HOME FOR THE YEAR ENDED 31 DECKMB 2024 LEGAL AND ADMINI TRAT RMA r6 Gillian Cooper Mrs Janet Iardell R¢vd Eric Lornax Mrs Annette Chandler Revd Andrea Maffei Mrs Yvi)nne Clarke (Chair) CLERK: Miss Julka Eros HAIUTY NUMBER: 2W397 DEPE ENT EXAMINER: Rawlinson Pryde Limited Argent House 5 Goldington Road Bedford MK40 3JY Natwcst Bank plc 81 Hi¥h StrEel Bedford 40 IYN INVESTMENT MANAGERS: Blackkn¢k Investtllent Managemeni (UK) Ltd PO Box 545 Darling¢on DLI 9TQ M & G SecuritiES Limitrd PO Box 903¥ Chelmsford CM99 2XF Page I
ST JOEllV'S HONIES REPORT OF THE TRUSTEES YEAR ENDED 31 DE EMBER 2024 The trustees are pltased to present thew annual r¢pon tO8eth¢r with th¢ financial stdtcments of the Chariry for the year ended 31 December 2024. sTRuCTLE, GOVERNANCE AI4ID 14IANACEMENT Governlng document: The Charity is controlled by its goveming documents. St Jol)tt's Homes is comprised ID a deed of grant dated 19 Dec¢mkn 1881 ID the former Bcclesiaslic&l Parish of All SainLS with St. Johll %LDd SL Stephen. Kempston and ¢omprised in deeds of etthwrllcnt ded 20 December 1881 and 30 July 1916 the Anne Jane Charl-WillIaMson EndowmenL Fund and in the nLqtter of the Cknaritie5 ACL 1960. RecrullmeRt Ind 4ppolntmeDt of new trustees: The clwity 15 athnillistered and ordinwtly managed by a body of tNskcs thai consist of six competerttpersot)s being 'rwo ex-officio trnstee5 aud Fowr co-optativc tste¢s. The ex-officio ttustees shall be.. The Vicar of the Parish of All Saints. Kernpston and The Priest in Charge of the Parish Churth of the Trdllsfiguratioll. The cwJtstive ttustees shall bc persons who are.. Members of the Church of England alld Through residence. occupation or employm¢nt have special knowledge of the area of beneflt of the ¢harity. cotatiVe trwstees shall be appoillted for a period of five ycars. The trLlSttes who sttved during the year were: Mr8 G Qjoper Mr5 J. Fardell Revd. Eric Lomax Mrs Annette Chattdler Revd. An(trea Maffei Mrs Y. Clark¢ (Chair) Salaries No tn¢mber of the Board of TnJsteeB received any remulleraiitsn during the year. Related parrfes No mwber of the Board of Trustees has any interest in firm ofcontractors or consultants employed by the Charity. Rtsk *ssessntettt The jor risks to whi¢h the cl]arity is exposed as idelltified by the trustees Ive been reviewed and syste]Ds have been stablRsb¢d to mitigat¢ the6¢ risks. OBJECTIVES AND ACTIVITIES Th¢ almshouses belonging to the charity shall be used for the residence of almspeople. Almspeopl¢ under thi5 5rheme sball be needy persortg of good character being members of the Christian faith and who are near falnily who hav¢ resEded in tbe parish of All Saints with St. John alld Si. Stepheii, K¢rnpsto]4 for not le55 than 10 years. They should be of retirement age or, if still working, to not b¢ employed for morc than 15 hDllrs a weck. The trustees shall iSUre and maintain the alrnshous¢s &nd establish and maitstaitt re¥Ydir fi]nds for the repair, improvement and rebuilding of the alrnsbouses. The truste¢s appoint a warden to check OD the general well-beittg of residents and manage the commutMI areas. Pllbllc benefft statement The Trnstees have given due considerdtion to the Charity Commission's published #uxdgnce on the Public Bellefit qU¢ent ulldtt the Charities Act 2011. and is a public benefit ¢atity. Page 2
ST JOHN'S HO REPORT OF THE Contlnued FOR THE Y ENDED 31 DECEMBER 2024 eknlevements performgnce Voids dwin8 th¢ year- Two bedsits b¢¢atne vacant 2024. Flat 9 became vacant in January 2024 and with the r¢4idcnt in the adjoinin8 flat likety ts) be movcd into re with age atkl dcc1ln8 health il was hop¢d to investigtte the possibility of amalgamating the tsvo small bed5its into a one bed flat. With the dcath ofthe resident in flat 8 in June 2024 the trUSte¢s put this Pl itito action. Robinson & H1 were instnsLted to Ilraw up plans and put in planning applications and listed buildw approval. Both w¢r¢ received on 2 May 2025 Robinson & Hall 8rt currendy putting the works out to t¢nder. A8 St JobD'S Homes 18 only givcn a 6-mollth exemplion Council tsx by the Bcdford Borou8h Council they have itKreased the Council tsx bill th¢ ¢mpty property by IOOYO ill 2025. We have put ill an appeal with detail& of the reasons for the ext¢nsion. Currently. we have onty received an acknowledgemcnt. Work on the flats during the year.. The Trie[mi inspections for six flats were conducted in May 2024. As well as routine elcctrical, plumbing works and minor repairs and decordting the following wotk was conducted.. The kniler irn flat eight was replaeed aftw ¢onstant br¢gkdowns. For safety purposes a bespoke handrail wa& manUfared aTrJ installed. A5 a Registered Provider the charity has be¢Dme challenged with new It.81ation which is onerous and has required the clerk to take on rnore days to cope with the in¢reAsed workloa Thc ehariry had itsvestigated deregistration and because of the Housin8 Grant obtained toward5 the building of the rear flats the Regulator of Social Housing advised us that this grattt nY bave to be T¢paid. or we would hav¢ lo enter a deed of cov¢naDt with Hom¢sEo8iaThd. Thi& i8 to be investigd thrkh¢r lJut trK¢&us¢ of th¢runtiLued deficit ill the aunu&l acoowits we to deregister anyway at this tin]e. At their Odober meeting the tNstees ad that th¢ contributions would it]cre&s¢ by 4°/ts frojn I latwary 2025. This would also ittclu(k the w&ter raf¢S which have not increased sinrt 2013. The previous decision w not ereas¢ the wat¢T rates was beGau5¢ for Housing Benefit purpose5 water rates wtte tyot covered. FIlland revlew For the yeaT ended 31 December 2024.. The charity had a deficit of £13,25112023.' £7,140). The market value of the Inve8tment5 decreed in the ye8r by £1,202 1 ?023.. £340). The residmÉ5' contributions were increased by 4Q/o for the 2025 financial year. No 8dditional investment unirs were PLLr¢h&sed itt 2024, or will b¢ in 2025. Page 3
ST JOHN'S HOMES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 21124 Ptinclpgl fllnding sources The Charity's n)ain tsdi& gource is ¢otribUtIOnS ree¢ived from resid¢ttts. Reserves policy It is the policy of the ffittes to hold reserve funds for the day-to48y rnaintenance, cyclical maintenance and for extraordinary reprs. The aFrUnt in these re5¢r¥¢s ai 31 Decernber 2024 is £177,879 1_?023: £145.758). G]eral rcsrrvcs as at 31 Decwnber 2024 were £83208 {2023.' £95257) thE total re8erves (including rev8luati¢)n res¢rvesl amounted to £2,238.709 {2023.. £2,219,839). The tnjstees are satisfied that th¢ charity's ass¢ts attrtbutsble to its individua] funds are available and adequate to lfil its obligations to those fi& Plans for filthre perlods Am&lgamatitsn of flat% 8 and 9 QuIqUenla1 report Legiornella risk as8¢ssmeDt Archiviii¥ to prottct and preserye charity re¢onls Digital Switchover Updating of Residents. Handbook STATEMENT OF TRUSTEES, RESPONSIBILITIES Tb¢ trustees are responsibl¢ for preparing the Report of the TtUStees and the finallcial statetnents in aecordallce with applicable 13w and United Kingdom Generally Accepted Accout]ting Practice. The law applic&ble to chariti¢s n England al Wales 8nd thc provisions of the trust deed requires the trustees to prepare fitJan¢ial stalements for Each flnancial year which give a trne and foir view of the stht¢ of affairs of the dwity and of the inCOtiLing resources and application of resources, 1ClUding the illcome and expelldithre, of the for thaL plod. In prepariug those financial StatEents. the iwstees are required to". select suitable aecvunlinL' rN)licies and then apply them consist¢ntly' observe the TfLrthod5 and principles in th6 CEwity SORP," mak¢ judgements and estimateg tbat are r¢osonabl¢ and prudent" pr¢parv th¢ fClaI statCULents' thr goillg basis unless it is inappropriat¢ to presum¢ that the chgxity will ¢orttinu The tnLqtees are re8pc)nsible for keeping proper accounting record& which disclose with reasonable accuracy fdt any ttme th¢ financial pDsition of the eh8rity and to enable them to ensure that the financial st&tetllth)ts eomply with the CIwities Act 2022, the Charity (Accounts and Reports} Regulations 2008 and th¢ provisions of the goverJ]it]g ducument. They are respollsible for safeguardlng th¢ assets of the charity End bcnce for taking REasotJable steps for the prevention alld detection of fraud OT other ilTe8ulaTities. Approved by the Board of Trustees and siglJEd on its behalf by.. J Fardell Trn8te¢ A Chottdler Tru$t¢e Da¢d.. Pag¢ 4
INDEPENDENT EXAMINER'S REPORT TO THE BO OF TRUSTEES OF T JOHN. I report on the finalleial statements for the year ended 31 December 2024 set ollt on pages six to fifteen. Re8pettive resPQll51bllltles of the Board Èiaminer Thc Btsard of TLvlle¢s are iesponbible for the preparatiim of thc fsnancial statem¢llts. The Charity'li Board ¢onsideTR thrdt an audii is not required for this year (under Scctson 144(2} of the Chariti¢s Act 2011 (the 2011 A¢È)) and that an independent examirtation is required. Having satisfied myself th4t the charity is not subject to audit urtder company law and 15 ¢li8ible for iThdepeNJ¢nt examination, I report in respect of my cxamination of your Charity's occouots as carried out under section 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying out my examination I have followed the Direction8 givett by the Charity Comrnission under Section 145(5)(bl of the 2011 Act. BAsli of the indepeDdent ei4mltter'$ r¢port An examitmtion rncludcs a review of the accounting recordb. k¢pt by the charity and a Comparison of the vnaudited fla1 statemetttRpresellted with those OrdS. It also includes ¢onsid¢Eation of ulwsual iterns or disclosurts IJJ the ullaudited fllLan¢ial statements, and secking explaE)ations from the Boord of Truste¢s conGerning any 5uih matters. The procedures undertaken do llot provide all the evidence that would be required in an audiL and Consequently no opinion 1% given as to whetherthe unaudited financial thtements present a Irue and fair view, ad the report is lirnited to th0 matters 5¢t out Ltt the ststement below. Ind2pendeDt ez4mlnerTs statement In connection Iwith my examination, no fftatt ha8 come to my attention: which gives me reasonabl¢ cause to believe thaL in any material respect, the reqllirements.. - to keep accounting re¢ord8 in ac¢ord8n¢e with s¢ction 130 of the 2011 Ac¢ alld - to prepare fmancial statemettts which accord with the accountin8 records, ¢omply with the accounting requiretnents OE the Ch&rities Act have not been met,. or (2) to which, in my opinion. altention should be dnwn in order to enable a prop¢runderstanding of the fillattcial statEments to be reached. l)ai'id John R&wlinBon FCA FCCA Rawlittson Pryde Limited Chartered A¢oounlants Arg¢Dt House 5 Gvldington Ro&d Bedford MK40 3JY Date: . gg141i Pag¢ 5
ST JOHN'S HOMES STATEMENT OF COMPREHENSIVE TNCOJME FOR THE YEAR ENDED 31 DECEMBER 2024 Unre5trfcted funds Restrlcted fund$ Totgl 2024 Total 2023 Note8 INCOMING RESOURCES VoluRt4rylncome." ContributioJ]8 R¢¢¢ivabl¢ (Grossl Less.. Vuids Le&s.' Write-offs (Fraud) IlkS,127 (5,516) 105,127 (SO16) 103.144 11.571) Cot)triTrJutions Receivable (Net) 99,611 99,011 101,573 Grants Re£eived Investment Incorne Interest Receivable sUry Iorne 5,894 662 5W94 662 1114 5,720 545 86 TOTAL INCOMING RESOURCES 106,171 IOA271 107,924 RESOURCES EXPENDED Administrative Expatses ttltcrcst Payable and Sirnilar Charge5 (118.3211) 1118,320) 1114.724) TOT AL RESOURCES EXPENDED (118J20) {IISJ211) (Il4,724) Change ill Value of lllvestments (1,2112) (1,2021 1340) {DEFtClT)ISURPLUS FOR THE YEAR 113,2SI) (13,251) (7,1401 SURPLLS BROUGHT FORWARD 161,478 161,478 168,618 TRANSFERS SURPLUS CARRIED FORWARD 14V27 148227 161,478 There are no recogt)ised gains or losses other the income for the year. The llot& fom part of these fwancial statements Page 6
ST JOHN'S HOMES STATEMENT OF FINANCIAL P AS AT 31 DECEIKBER 2024 Ntstes FIXED ASSETS: Tangible as8cts Investments 2.014J86 114,192 2,022,31YJ 115,394 2,129,078 2,137,694 CURRENT ASSETS: Cash at bank and in hand Debtor8 Stock 107,228 5J63 174 83,768 5.734 173 112,765 89,675 CREDITORS: Amountg falling due within one ye8X (3,134} (6.2801 NET CURRENT ASSETS: 109,631 83J95 CREDITORS: AmDullts fallit)g duc greateT tban one year {1,250) NET ASSETS: 2,238,709 2219,839 FUNDS: Accumulat&l sulplus Inves¢meot rev8htiOn resetve 12 13 83,2118 05,019 95,257 66.221 Surplus carried fotward 148J27 161,478 Restri¢ted fill$ Maintenance resetves Propety equity reserve 14 177,879 1912,603 145,758 1.912.603 15 TOTAL FUNDS: 2,238,709 2.219.839 The financial statements were &ppmved by the Board of TnL8t¢¢s on......... alld Sign on its behalf by= J Fardtll- Trllltet ttdler- Trustee The note5 fonn part of these financial statements P4e7
Sf JOHN'S HOMLS MENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 202 Casht]ow froTh oper&tlng agtlvltks Surplu81{deficitl for the year 113.251) (7.140) Adjustments for non-cash items.. Deprecialion of tangjble fixed assets Decre&s&{incr¢as¢l in d¢btors Jncreasellde¢r¢as¢l iti crtditors Illcreasel(decreasel in mainienance r¢s¢rve DeCreal(l¢S¢) in Stock 7A14 371 13.146> 32,121 (i) 7,595 12,581) 3.728 5.595 121) Net cash £et)erAttd from opersting Adlvldes 23,508 7,176 Cgsh flow from Investlng aeiivitieg: Purchase of tangible fixed assets chase of inv&stments Decrta5GI(iticreasel in investment value Disposal of ¢an1b]e fixed assets (7.484) 1,2•2 340 804 C48b flow from fin8Deing 8etAvities Repayments of boTrowing3 {lJS0) (2,500) et change ID cash aDd cash tquivalents 23.460 (1.664) Cash and ¢gsh equivalents at beglllnillg of the yegT 83,768 85.432 Casb and cash equ5valents at end of the year 11)7,228 83,768 The notes fo]m patt of these fiJan¢iAI stAtements Page 8
STJ HN, NOTES TO FINANCIAL STATEMEwrs FOR E YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES Basts of prepAring the tlnanclal statements The financial 8tstem¢nts hav¢ been prepard itj aCcordCe with the Statement of Recommended Ptice (SORP).. 'Accounling and Reporting by Chariti¢8 preparing their accounts in aecord8nce with the Financial R¢porting StandArd applicable in the UK and Republic of Ireland (FRS 1021 (e'tfective l January 20191,, Financi Reporting Siandard 102 The Financial Reporting Stalldard applicable in the UK and R¢publi¢ of Ireland. and the Chatities Acts 2022 and 2011. The forrnat of the financial stst¢men¢s complies with the Accounting Requirements of the Housing SORP.. 2014 {upd&t¢d 2018}. Ststemettt of Rccomrnend¢d Prdctice for Regibtered Soci&l Housin8 Providers and the Accountitig Direction for Private Registered Providers of Social Hou6in8 2015. Thrse fmattciai stateettts ar¢ prepared under the histOTi¢al cost convetttiQ lllodificd to include itivesttttents at theirll)arketvalue. Contrfbutlong re¢elvablt ContributioN receiv8ble are slated atthemaximum amDunt thatwould be dueif full o¢cupancy wereachieved, less allowance for voids during the finan¢iAI period. Investment Income Incorne is warned from holding red for investment purposes and 18 recognised when receivable and the amount cin bc mea8ured by the ch74rity. Intgrest on fijnds held on de$11 is included when receivable and the amoun¢ ¢an be measured by the charity. Expenditwe Liabilities are r¢robFnis¢d as expenditurc a8 soon a5 there 18 o l¢gal or con8tsuctiv¢ obligation cOmlttillg th¢ charity totlkat expendkture, itis probable thal atta¥( oCecoThumicbell¢fitswill lJercquir¢din 8ettl¢meELt wd the amowit vf obligation wi be mcasured lIablY. ExpEnditure is accOuted for an accrnals basis alld has be¢n clas'skfied under heading5 that aggrcgate all cosl T¢lated to th¢ category. Where costs Vdnnot b¢ dsrectly attributed to parLicular headings, they hav¢ been allocatrd to activiti¢5 on a basis consistent with the us¢ of resources. TAtion The Charity is considered to the te5t5 set out iti P8graph I Sch¢dule 6 of the Finance Act 2010 and therefore it meets the dcfiniiion of * charitable G¢)mp&ny for UK corporation tax purpose&. Accordingly. the Chgrity is potentially exempt frorn taxation in respect of income or ¢apitsl g4ins received within ¢ategoTies covered by Chapter 3 PArt I l of the L"OTporation Tax Act 2010, or Section 256 of the Tation of Chargeable Gains Act 1992, to the ¢xtent that such in¢ome or gaiS ar¢ appli ¢x¢lusively to Charitabk PUTposes. VlnAnce The accounts have been prepared on the basis that the capitsl expenditure will be grant aide¢ fid¢d by loan or mEt out of reserves. So¢ig1 Houslng Gr*Dts Vlnd Property Valuatlo Social Housing Grants as shown in the accOuts are paid dtrect by the lending authoriry and rEfle¢tEd in the aoUnts of the Associatiofft only when payment ha5 been reeeived. The properties are stated JL historical eosi less Social Housing Grants. in accordance with the SOR. No depreciation is ¢hJxged on the properties. which is a deparuwe from the SORP. Page 9
ST OHN'S HOMES NOTES TO THE FIYANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2D24 T#ngihle fixed Assets T8ngible fixed asgets. exceptin8 freehold land are stated at Cost, les5 accumulated depreciation and Housing Associatioll lt. Depreeiation is provided to write off the cost of the fixed aets over theirnseful life at the following rates- . Fixtwes & fittings Freehold improveinents 100/0, 20Vo and 250/0 reducing balan¢c IOO/• on reducin8 bal)ee Provlslon for thture repalrs mintenatst¢ The clwity sets aside reservts for futw¢ mNic4n¢t costs of its properry. Pn)vision i8 nyade by the Trustees U5in8 Ahllshouse Association gutdelines, lo cover day to day, cyclical and extraordinary maimenallce costs. Works to propcrties Atty works wlLioh Ecsult in enbanced econ¢)mi¢ btnefiL (i.e., In¢a$¢d net rental str¢am) are capitaiised. Investments All in'eStrneIkts are stated &t their EnaTket vallle at the bal(C shtet date. Any revaluation is redited or debited to the investment rvalwdtion reserve. Financlil Instrnments Financial ittstrnments arc Classified and eUllttd for according to th¢ sub5tgnce of the contractual agreemen( as either financia5 assets. fillancial liabilities or eqllity instn]nients. Att equiiy iiistrtllnent is any contrdct that ¢vidences a rEsidual iTEtErest in the assets of the company after deducting all of its Ilabilities. Debtors Tradt alld other short-tmn debtors a measured fti transaction price, plu5 attriknitable transadion costs, less any imp?irment. Lo•isreceivable aremea5ured initiallyat fa value, neloftransa¢tioD Sts, and are measured subsequently at amortised cost using the effective interest nthod. less any impairni¢nt. C88h aDd cash equlvalellts Cash ar cash equrvaleots ¢ompris¢ cash on hand and call deposits. alld other short-tum highly liquid investments that ar¢ readily wuvtrtible to a knowTr alllount of casb and are subject to oll insiEnificallt ri6k of hffjge in volue. Credltor8 Trade and olber sbort-ternj creditors are measured at trJn.4iLLiiLin price. plus attnbutable trans&thion costs, less omy impairnient. tnans payable are measured initidly at fair vt]ue, net of transaction costs. and are measured subsequently at anM)rtised cost U61Dg the eff¢¢tiv¢ iDt¢wt rneth0 less any impairn)¢nt. Fund *ecountkng Unrestricted lld5 be used in accordance the charithble obje¢tives at the discretion of the trustw. Restricted funds catt only be llsed for particular rc5tricted purpose5 within the objects of the chgyity. Restrictions arise wben speeifiedby the donor or when funds are raised for particularrestricled POse&. Impairnient of llon-fln#n¢l41 a8set$ Askts not Measur at fair value are reviewed for any indication that the 2sset May be impaired 8t each balance Sheet date. If such indicatiOD ¢Xl5ts, th¢ recoverable amount of the att, or the asset's cash generating 1( is estimated and ¢ottwared to th¢ carrying anou1 Wbere the Caing amount excvds it8 recnverahle atnount, an it¥LpaiiiiiEllt10s5 is rerogt]ised in pmfit or loss unlcss the asset i5 cRrried at & fair value where the impaimleni loss is i fair valu¢ de¢&8¢. GRANTS RECEIVED No trIcted grdllts were Set aside in thc ycar (2023.. £nill. Page 10
ST JOH NOTES TO THE F ANCIAL STATEMENTS FOR TH YEAR ENDED 31 DECEMBER 2024 ADMINISTRATIVE EXPENSES Athninistrative ex¥1$¢8 illclude the following.. TotAI Total Hou&in8 management eJpense$: Clerk's fee8 Insurance Sub5CriPtions General expenseB Indep¢ndent examiucr, AA administration fe¢ Prof&10naI fees- revaluation 8938 2,7116 1.170 1,40S I,U68 8,767 2.481 688 1,429 1,062 125 1.500 IS,350 16.052 Servl¢e costs: Warden'$ sal4ry Employef s NIC CelInk and mobile warden costs Rat¢s Light and heat Telephone Gardening Cleaning Television licences 17J24 217 10,899 6,133 4,160 794 7,0 554 199 16,984 224 8,549 5,274 4,701 714 6.806 197 47876 44.053 Property provislons: Repairs ethd mailltenae provi8lOIIS DEpteciation LossllProfitl OD dIOsal dV80 7,414 46220 7.595 804 55A94 54,619 Total #drnlnl$tritlve expense5 118J20 114,724 Pagell
ST JOHN'SHOMES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 TANGIBLE FIXED ASSETS Freehold Housing Freehold Improvements Flxlure8 and FittiNg5 TotAI COST: At l Janll&ry 2024 Additions Disposals Revaluation 2,284J77 93,189 SV13 2.43fj079 At 31 December 2024 2,284,377 93,189 58,513 2.436.079 LESS HOUSING ASSOCIATION GRANr At l Januyry 2024 attd 31 Decernber 2024 334?77 334J77 DEPRECIATION: At l January 2024 Charge for yeAT 37,393 55110 42.009 1.834 793lll 7,414 At 31 Dember 2024 42J73 43,843 86,816 NET BOOK VALUE: Ar 31 Deccmber 2024 1,950,flDO 50,216 14,670 4014886 At 31 December 2023 1.950,000 55.796 16,504 lo22,3) No depreciation has beell pn)vid¢d in respect of Housing Ptoperti£s b¢cause the Tesidual value exceeds the cost less the Housing Asso¢iatiott (irattt. Durittg 2U23, the free}Id housing was a&qessed andvalued at £1,950,000 by indq*lldent valuers. RobiDson & Hall. Valur of freehold housing pre-valuation was £379,531. INVESTMENTS Cost iltsrket VslllÈ 2024 2023 2024 2023 M & G Charity Multi Asset Fund Income Units 567 (567) Ineome shares 144 144 526 509 3.829 (3,829) units- M & G 21,1100 21,0(M) 56,391 54.958 40,398140,3981 shares in BLK Charities UK Bolld Fund A In¢om¢ Fwid IC'hdrinLL)I 1&1)32 28.032 57.275 59,927 49,176 49,176 114.192 115.394 The iovestmellts are mat)ag¢11 and valual by the OtTicial Cust(Mlian for Charities. Page 12
TJOHN'SH ME TES TO THE FTNANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMB 2Q24 DKBTORS: 2024 2023 Other debtors Prepaytttents and arcrned income 1.912 3.451 2,072 3,662 5,363 5,734 CREDrroRs.. Amounts fdling duewithin one year. 2024 2023 Tre ¢reibtt)rs and aC¢nlS Deferred income Social 8e¢urity 2,056 189 5.442 75 763 3,134 6.280 Amount$ fall due greater than one year: Lo8 1,250 MAtwrENANCE RESERVE: Diy to Day MalnteniDte Cyclieal Maintengn Extraordlnary Total Provision at IBI jU9 2024 Expeftdire in the year 2,875 19,963) 43,084 15,996) 99,799 145,758 (15.959) (7,088) 37,088 99,799 129,799 Charged to income & expenditure account 14,420 2880 12,780 4&080 Provi8ion at 31. December 2024 7J32 57,968 112,579 177.879 Provisions tnade forday to day, cyclical aintenCe and extraordinaryr¢paiTS are based ou Icveis rccommeDded by th¢ Almsbous¢ Association. Page 13
ST JOHN'S HOMES OTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 CAPITAL COMNIITMENTS The cornmitment at 31. December 2024 aTllouth¢d to £85,00012023.. £18.(M>O). io. HOUSING STOCK: 2024 2023 Nurnbcr of bousing Units mauag¢llwit". 20 ii. EMPLOYEES AND TRUSTEE REMUNERATIONIBENEFITS Th¢ average number of Employees is l (2023: 1). No ¢mployee received emoluments itt excess of £60,000. There wer¢ no twste¢$' Temuneration or Dther benefits for the year ended 31 D¢c¢mber 2024 nor forthe preceding y¢ar. There were no trustees, expenses paid for the year ended 31 DeCeber 2024 nor for the preceiling year. 12. ACCUMULATED SURPLUS: 2024 Brougbt forward at Isl Juary 2024 Surpludldefirit) for yeHr Transfrr (toyfro StrIBd fillMI 9S,257 (12,049) 102.057 16,800} Carried fotward at 31" Decernber 2024 83,21JS 95,257 13. INIrySTMEwf REVALUATION R£SERVE: 2024 2023 Brought forward at ilt January 2024 Investment revaluation in ye 015,121 (A,202) 66,561 (340) Carried fonvard at 3 IW December 2024 65.019 66,221 Pag¢ 14
ST JOHN'S HOME NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED IDE 14. RESTRICTED RESERVES: There were no restiicted reserves in 2024 or the previous year. 15. PROPERTY EQUITY RESERVE: 023 Brougbtforward al IGI january 2024 Kevaluation of freehold propety 1912,603 1.012,603 900,000 Carried fotward at 3191 D¢cember 2024 1,912.603 1,912,603 In 2023 the freehold housing was assessed and volued at £1.950,000 by independent valuer5. RobiD50n & Hail. Page 15