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 I￿ardell
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.
sTRuCTL￿E, 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
d￿ed 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 t￿ste¢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.
co￿tatiVe 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 I￿ve 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 i￿SUre 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
dcc1ln￿8 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 & H￿1 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& manUfa￿red 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 n￿Y bave to be T¢paid. or we would hav¢ lo enter a deed of cov¢naDt with
Hom¢sEo8iaThd. Thi& i8 to be investig￿d 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 a￿d 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 decre￿ed 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 ¢o￿tribUtIOnS ree¢ived from resid¢ttts.
Reserves policy
It is the policy of the ffi￿ttes to hold reserve funds for the day-to48y rnaintenance, cyclical maintenance and for extraordinary
rep￿rs. The aFr￿Unt 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
QuI￿qUen￿la1 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, 1￿ClUding the illcome and expelldithre, of the for thaL p￿lod. In prepariug those financial
StatE￿ents. 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¢ f￿￿ClaI 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
f￿￿￿la1 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, a￿d 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
sU￿￿ry I￿orne
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 rev8h￿tiOn 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
DeCrea￿l(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 ¢an￿1b]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 aCcord￿Ce with the Statement of Recommended P￿tice
(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 state￿ettts 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 r￿ed 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 cOm￿lttillg 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 accOu￿ted 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.
TA￿tion
The Charity is considered to the te5t5 set out iti P8￿graph 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 T￿ation of Chargeable
Gains Act 1992, to the ¢xtent that such in¢ome or gai￿S ar¢ appli￿ ¢x¢lusively to Charitabk PUTposes.
VlnAnce
The accounts have been prepared on the basis that the capitsl expenditure will be grant aide¢ fi￿d¢d by loan
or mEt out of reserves.
So¢ig1 Houslng Gr*Dts Vlnd Property Valuatlo
Social Housing Grants as shown in the accOu￿ts are paid dtrect by the lending authoriry and rEfle¢tEd in the
a￿oUnts 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 a￿ets 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 m*intenatst¢
The clwity sets aside reservts for futw¢ m￿Nic￿4n¢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$¢d net rental str¢am) are capitaiised.
Investments
All in￿'eStrneIkts are stated &t their EnaTket vallle at the bal￿(C shtet date. Any revaluation is redited or
debited to the investment rvalwdtion reserve.
Financlil Instrnments
Financial ittstrnments arc Classified and ￿eUll￿ttd for according to th¢ sub5tgnce of the contractual agreemen(
as either financia5 assets. fillancial liabilities or eqllity instn]nients. Att equiiy iiistrtllnent is any contrdct that
¢vidences a rEsidual iTEtErest in the assets of the company after deducting all of its Ilabilities.
Debtors
Tradt alld other short-tmn debtors a￿ measured fti transaction price, plu5 attriknitable transadion costs, less
any imp?irment. Lo•isreceivable aremea5ured initiallyat fa￿ value, neloftransa¢tioD ￿Sts, and are measured
subsequently at amortised cost using the effective interest n*thod. less any impairni¢nt.
C88h aDd cash equlvalellts
Cash ar￿ cash equrvaleots ¢ompris¢ cash on hand and call deposits. alld other short-tum highly liquid
investments that ar¢ readily wuvtrtible to a knowTr alllount of casb and are subject to oll insiEnificallt ri6k of
hffjge in volue.
Credltor8
Trade and olber sbort-ternj creditors are measured at trJn.4iLLiiLin price. plus attnbutable trans&thion costs, less
omy impairnient. tnans payable are measured initidly at fair vt]ue, net of transaction costs. and are measured
subsequently at anM)rtised cost U61Dg the eff¢¢tiv¢ iDt¢wt rneth0￿ less any impairn)¢nt.
Fund *ecountkng
Unrestricted ￿lld5 be used in accordance the charithble obje¢tives at the discretion of the trustw.
Restricted funds catt only be llsed for particular rc5tricted purpose5 within the objects of the chgyity.
Restrictions arise wben speeifiedby the donor or when funds are raised for particularrestricled P￿Ose&.
Impairnient of llon-fln#n¢l41 a8set$
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 a￿tt, or the asset's cash generating ￿1( is
estimated and ¢ottwared to th¢ carrying anou1￿ Wbere the Ca￿ing 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
C￿e￿lInk 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 mailltena￿e provi8lOIIS
DEpteciation
LossllProfitl OD dI￿Osal
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 D￿ember 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
Tr￿e ¢reibtt)rs and aC¢n￿lS
Deferred income
Social 8e¢urity
2,056
189
5.442
75
763
3,134
6.280
Amount$ fall due greater than one year:
Lo￿8
1,250
MAtwrENANCE RESERVE:
Diy to Day
MalnteniDte
Cyclieal
Maintengn
Extraordlnary
Total
Provision at IBI j￿U9￿ 2024
Expeftdi￿re 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
2￿880
12,780
4&080
Provi8ion at 31. December 2024
7J32
57,968
112,579
177.879
Provisions tnade forday to day, cyclical ￿ainten￿Ce 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 DeCe￿ber 2024 nor for the preceiling year.
12.
ACCUMULATED SURPLUS:
2024
Brougbt forward at Isl J￿uary 2024
Surpludldefirit) for yeHr
Transfrr (toyfro￿ ￿StrIB￿d 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