Regirtered Charity No 205757 H(X1 Corporation No A2989 JAMES 8RADFOIID ALlAS1sE$TRV5T 31 DECEMBER 2024 Page (l)
JAMES BRADFORD ALMSHOUSESTRUST ACCOUNTS 31 DECEMBER 2024 Trustees and Advisors Trustees, Report Independent Eyamlnerfs Report ststement of FInalI1 ActitieS e•lance Sheet Notes to the accounts P4e {2)
JAIIIE5 BRADFORD ALMSHOUSESTR115r TRusfEES AND ADVISORS 31 DECEMBER 2024 Trustees Reverend E Pritchett (Chairman) Mr IGG Balls (Trèasurer) Mr CP8 BurgTre Mr OJB Burgoyne (reSw 2¥h January 20251 Mrs DR de Mlerre Cllr RTh Jackson aerk to the Trust Mr JS Cookson Rt4lstered address 4 Mlll Green BUne$S Estate MIH Gre•n Road Haywards Hth Wert Sussex RH16 IXQ Advisers Bankers ankers Uryds TSB Bank Pk 99 S(xrth Road HayvArds Heath West Sussex Yorkshke Bulldlno S¢xJety 50 S(wth Road Haywards Heath West Sussex Soll¢itors Waugh & Co 4 Mill Gieen 8usines5 Estate Mill Green Road Haywards Heath West Sussex RH16 IXQ Independent Examiner Keymer Haslam & Co 416 Church Road Burgess Hill West Sussex P4e131
JAMES BRADFORD ALMSHCKISES TRUST TRusfEES' REPORT 31 DECEMBER 2024 The Trust owns the Alrnshouses in Haywards Heath. a terrace of six small attractive seW<ontained cottages built in 1910, each realty only suitable for siwle occupanty. Their purpose is to provide Iow-COSt accomrnodatiw for the elderly peThons of low Income preferablv already l•vin8 in the HaardS Huth area. The younds are malntslned by contra¢L The Almshouses, and certaln land at Deeping St James, iiKolnshlre. were bequeathed to the James 8rndford Almshouses Trust free of any costs. The perm•nent Endowrnffit con$lsts of the small area of agricultural land at Deepiw St James and an Investr in the CiA/COIF. The Trustees Include one de5cend#ntof the found¥, a nomlnee of the Mld Sussex Dlstrbrt Councll and Ilf agreed by the other Tntstees) ctropted Trustees. The Trustees rneet as requlred but not less than t*l¢e a year. In 2024125 meelln8s were held on 2 May 2024 and 29 January 2025. The AGM held on the 4, June 2025 Durlng 2024 the assets of theTrust rose by £43,640 Slined on behalf of the Trust•es .. Rev. E Pritchett ..Mr IGG 8•11s th 4 June 2025 Pa8e14)
JAME5 BRADFORD Ail•tSHOUSES TRUST TRusfEES' REPORT (Conllnuod) 31 DECEMBER 2024 The re8lStered soclal In8 lew51ation requ¥estheTrustees to prepare financ1 ststements for each financial year which give a true and fair view d the stste of affairs of the re8iStered social tandlord {RSLI and of the surplus or deficit for that period. In preparlngthèse financlal ststements theTrustees are requlred to do: - select suitable acCting policies and then apply them consistenily, - rnike judgernents and estimates that are reasonable and wudent. - state whether 4ppllcable acc(wntiry stsDdards hve been folltywed subject to any materlal departures discussed and explained In the finarthl ststements; and - prepare the flnancial ststements on the golng concern basis unl•ss it Is not approprlate to piesume that the RSL will continue In IsInesS. The Trustees are responsible for keeplng proper accountrw records whkh dlsclos• vhth rsOnable a¢cur•cy at •ny Ime the financial position of the RSL and to enable It to ensure th•t the financl•l staternents comply with the Housing and RegeTrerntion Act 21J)8 and the Acc(NtIng Requlrements for R•gister•d Sodal L•ndlords Gener*1 Deteffflination 2LM)6. The Trustees have a general respomlblllty to lake re•sonaAe steps to safe8uard the assets of the RSL and to Prevent and dete¢t fraud and other iwregularftles. Page (51
31 DECEMBER 2024 114DEPENDf Kr EXAMINER'S REPORT TO M TRLISTEES OF ThE JAMES BRADFORD ALMSHOUSES TRUST I report to the charity trustees on my examination of the acc¢)unts of the tharity f(x the year ended 31 December 2024 which are set out on pages 7 to 11. Resp1b1lllles ind b•sls ol roptyt As the Cha$ trustees you are responslble for the preparntlon of the aCcOts In aCcOrdae wlth the requiremants of the Chafib'es Act 2011 {'the ACV). I report In respect of my examlnation of the charws accounts carrled under 5ertbn 145 of the Art and in ¢arrylng out my examination I have follwrnl all the applicable Directions given by the Charrty Commission under section 14515llbl of the ACL Ind•p•nd•ni ex1.$ statemort I have completed my eyarnination. I c(mfirm thit no rnaterijl m•tters come to rny attentlon In connertlon ¥th the •x•miTration ¥Mng ffle ause to believe that in any materlal respert: accounting records were not kept in respttt of the charity as required by sectlon 130 of the Act; the accounts do not accord with those records: or the a¢¢ounts do not wmply wth the applKable requirements cOernIng the fom) and content of accounts set out in the Charities (Accounts and Reports) Regulations 2CX)8 other than anv requirement that the actounts8ive •'true*d fair whlch15 not • matter consldered as part of an Independent exan)In•tlon. I have no concerns and have corne acn>ss no other matters in connertlon wlth the examination to which att•ntii)n shId b• drdwn in this report in order to enable a proper understsndin8 of the accounts to be reached. Ale¢ Bur8ess FCA Keymer Haslam & Co 416 Church Road Burgess Hill West Sussex RH15 9AE .June 2025 Page {61
JAMES BRADFORD ALMSHOUSESTRusr srATEMEKf OF FINANaAL AcfMTIE5 Ondudlry kbcwe and Empendltsre Accounl) Total Funds Fd$ Fd5 FUNIS MaintenaKe¢ontrityJtN>rysts(onresklyts SeThl¢e ch¥gtsfromie$ldeMs Donations LWKI Renta thld$accT1xd. rrt•i4TdatyJlrter•5t Insuranc•(Xa"m 10.851 10,851 10,851 275 27.249 27,249 21459 4,919 Total Imeomlwr•#we•• 4 43.294 M880 TV Llcerts8s Is Is Is Is Mana8•m•nt sura 1.2L Audtt bscrlpfl ndry btytsm8nsle• 916 916 Totsimana8eme 3.6S3 1546 G•neralmalntsna• GrouThJm8rt•nanc• 077 m.on 49 4910 Totrlre50urce3eypendpd 21.583 21,583 17.3n Net4(1ngreSOwCes 2Lni 21,711 19,4 GairflDeli¢itlon ¥aOI15trneftty 314 293 &636 X,929 544 NetmrArynentknfwKts 317 41640 74032 Balance L¥rJ41(•ward 183 431.787 975.970 1,5>9 Balance caThdIorWard 55fj476 .134 1.019.610 97&970 e(7)
JAMES BRADFORD ALMlsTRusr FIXEDASSEfs -Tartl assts S54478 $44,1& CVRAENTASSEWS Debtor5 -Accrufd maitxon8rte - Prep•sments•r#Y ¢•¢¢U¢0 &31 Instrn•nts 26b,156 Cashat bank - Ws eanklTieaswers accrI) - NdbnalSa7lngs lthstrnentAccuJnt -YorkshlreP4Jlld1knlety - COIFCharlllèsoek¢tyJr 109.645 1,5n 52,328 37 $4075 16S,580 TOTAL CiKIAENT ASSETS 483.914 CAELITORS. •mouMlauidyAlthIfftOrt•M . Cr•dtN$4Thl•e¢¢u•l8 NETCURAENfASSErs •W,134 431,787 NEfAssEI8 I.0140 eAPITALAMDAESEftVES nc• Istlaary m0MerItin1un5 TIanrI0EnrymntFur&I Baianee 31stDeeember 554478 544183 Balae Istjanuary Mo%eTh*TttinlurwJ5 Tran51ertoEndlyMntFxl Ba&rte31st0e¢eMr 431.787 31.347 401552 28.235 431.787 I.0.8 975.970 Pe(8
ESTO THE ACCIXINIS 31 DECEMBER 2024 ACC0UNn pouaES 8asls of actourktin8 The financial statements of theTNst are prepared In actordance UKGenerally Accepted Accountin8 Practice (UK GAAP) including Financial Reporting Standard 102 {FRS 1021 and the Housing SORP 2014.. Ststement of Re¢ornmended Practicefor Registered Social Housing Providers and comply with the Accounting Direction for Priwdte Registered Providers of Soclal Hous1 2015. Incoming resources Incoming resources represent maintenance ¢ontrllxrtkx recelw•ble and ser¥Ke charges recelvable from residents, donations, rent and investment in¢ome. Housing Pn)pertles The Almshouses and the land at Deepl St J•ffle5 were bequeathed to the James Bradford Almshouses Trust free of any costs. Alteratlons sln¢e the propertles w•r• acqund hav• not been ¢apitalised either whwe these have been flnanced before l January 1982 by w•y of grants. donation5 or other Sour not tstandini at that d•t4 or subsequenily ¥thether or not extenwl finan¢¢ was obtslned. the propert•eJ are malntsined In a state of repalr suth th•t their •stlmated residual value is not less than their improvement cost or carrylngam(u. no pros1on fordepre<lallon Is m•de. The Trust annually reviews the rnateriality of depreciation. Desr8nat•d Reswves The Trust designates those ieserves which have been Set aside for use5 which prevent them, In the Judgement olthe Trustees. fr(xn bein8 regaided as part of the free reser5 of the TrusL Investments Investments are shown at market valuat TRUSTEES AND EMPLOYEES EhXUMENTS AKI EXPENSES There were emoluments paid to anyTrustee and there ale no ryl(ryees. OLrt of pocket expenses were refunded to Ttee$. Flxed Assets- Tan8ible Page19)
ThÈ land and buildings at Haiwards Heath were Ydlued for the pu¥pose of insurance In March 2024 at £975,OLN) by Messrs Goukl & Co. Chartered Survtyors, and insured at 30 June 2024 for £1,433,888. The trustees have Wed an excess d £l.(XXI on daims re$ti from subsidence and £250 on daims resulting from loss ¢x damage. The land at Deeping St Jmies was Yalued at £13.lJ)) by Messrs Lyall & Co. Chartered Sur¥eyor5. in January 1984. Flxed Assets. Fund 2024 2023 COIF 27.421.88 Incorne shares Market value at 1st January Purchase Unrealised gainlldeficitl Market W41ue at 31st December Cost at 31 December 544,183 498.386 12.293 556.476 IS3.326 45,797 544,183 153,326 2024 2023 NAACIF 1,930.553 Accumulation Units Market value at 1st Janua Accumulated Income Purchase Unrealised ain deficit Market value at 31st December Cost at 31" December 216,381 203,733 8,259 8,467 233.734 145.509 4,389 216.381 145.509 2024 2023 COIF 2608.88 Income unlts Market v7lue at 1st January Purchase Unreaiised gain/ldeficitl Market value at 31st Decernber Cost 31st December 51,T13 47.416 1,170 52.943 4,357 51,773 Grant mikln8 The Trustees do rt make grants to other bodies. Page110
ed pwues There have been transactM)ns relat partios and there ale no balances with related parties estIng at the balae sheet date. SetilementTkne Ch) avernge the settknent time ts within three weeks from the date of TeceipL Where there is a dispute then the accounl is qulckly settled aft* resolutlon. Pa8e (11)