R•port of th• Trustem and Fln•n¢l•l Ststemonts forthe Year End•d 5 Aprll 2023 lor Tho Jan• Maddock Hom The Jane Maddock Homes Contents of the Financial Staternents lorthe Year Endod 5 April 2023 Page Charity Particula Report of the Trustees Roporting Accountant's Report Statement of Comprehenslve Income Statement of Financial Position Statement in Changes in ReseNes Statement of Cash Flows Notes to the Flnanclal Statements 9-12 Detailed Income and Expendlture Account 13 The Jane Maddock Homes Charity Particulars for the Year Ended S April 2023 TRUSTEES: Mrs Angela Wlliamson (Chairman) Mrs Victoria Collier (Treasurer) Mr Ronald Tyson Mr Peter Thomas Dawson (resigned 5 April 20231 Rev John Gleaves Mrs Jane Heame Isecretsryi Mrs Lynn Reeves Mrs Jennifer Tyson CLERK TO THE TRUSTEES: S Myers REGISTERED CHARI￿ NO: 213904 CHARITY ADDRESS.. CIO S Myers & Co Solicitors 33 - 43 Price Stre6t Burslem Stoke on Trent Slaffordshire ST6 4JJ ACCOUNTANTS: 8ourne and Co. Registered Auditors and Chartèred Accountants 6 Lichfield Street Burton on Trent Staffordshiie DE14 3RD BANKERS: Nalwesl Bank PIC Burslem Stoke on Trent Staffordshire ST6 3QA SOLICITORS.. S Myers & Co Solicitors 3343 Price Street Burslem Stoke on Trent Staffs ST6 4JJ Page 1 The Jane Maddock Homes Report of the Trustges for the Year Ended S Aprll 2023 The trustees PTesenl their report with the financial slalements of the charity for the year ended 5 April 2023 Status The Jane Maddock Homes is a Registered Charity 12139041 and a Registered Social Housing Provider IA44071. The Charity's governing instrument is a Scheme made by the Charity Commissioners dated 24 April 2002 Statement of Tru8teo' Rosponslbillties The Trustees are responsible for preparing the report and financial slalemenls in accordance with applicable law and regulations. Law applicable lo charities in England and Wales and registered social housing legislation require the Iruslees lo prepare financial slalemenls for each financial year which give a true and fair view of the stsle of affairs of the charity and of ils income and expenditure for that period. In preparing these financial stalemenls, the trustees are required lo.. select suitable accounting policies and then apply them consislenlly", make judgements and estimates that are reasonable and prudent., stale whether applicable accounting standards and slalemenls of recommended practice have been followed, subject lo any material departures disclosed and explained In the financial stalemenls,. and prepare the financial statements on the going concern basis unless il is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy al any lime the financial position of the charity and to enable them lo ensu￿ that the financial statements comply with the Charities Act 2011,. the Housing and Regeneration Act 2008. and the Accounting Direction for Private Registered Providers of Social Housing in England 2022. They are a150 responsible for taking reasonable steps lo safeguard the assets of the Charity and lo prevent and delecl fraud and other irregularities. Actlvltles and Achlevem¢nts The charity's principal activity during the year was lo provide aecommodalion for beneficiaries of the Irusl. This was ach1eved in full, albeit with a vacancy in one of the five properties caused by occupant changes. The trustees have kept In mind the Charity Commission's guidance on public benefit, and consider that the activities of The Jane Maddock Homes, and their actions. meet these principles. Financial Revlew The results of the charity's activities for the year are detailed on page 5. The charity realised a surplus of £12,632 and holds reserves of £122.872 al the year-end dale. Ongoing maintenance was undertaken during the period. Page 2 The Jane Maddock Homes Report of the Trustees for tho Year Ended S April 2023 Trustees The trustees who have held Offi￿ during the year are listed on page 1. The trustees are collectively responsible for the management of the chafity. This is achieved through meetings, 81 which decisions on the running of the charity and the risks facing the charity are discussed and determined. The actioning of the decisions is delegated to an appropriate trustee. The adminislralion is undertaken collectively by the Iruslees under the guidance of their chairman A Iliamson. Trustees are appointed from the local community with training provided by the existing Iruslees as necessary. R68erves The trust deed requires that the trustees maintain reserves lo cover th8 ordinary repair and maintenance of the houses and for the extraordinary repair, improvement or rebuilding of the homes. Value for Money The Iru$lees undertake the running of the charity without remuneration for their services. The charity has a limited propety base that is used solely lo meet its charitable objective. The trustees ensure all work undertaken on behalf of the charity is undertaken at a suitable ￿$1 whereby quality of work undertaken is not comprornised The Iruslees are aware of the need lo generate reserves for future repairs whilst maintaining the standard of accommodation offerod lo residents with a low cost of conlribulions. Code of Governanc• The ¢harity is governed by ils Trustee$ in accordance with the charity's governing inslrumenl. Trustees roles include those of chairman, secretary and honorary treasurer. The Trustees meet regularly and communicate with each other befvleen meetings, key decisions are agreed collectively, given the small size and low complexity of the charity the Trustees ¢onsider that these arrangements are sufficient to ensure compliance with the Governance and Financial Viability Standard On Bghalf of The Board Of Tru8tM$: Mrs A Williamson - Chairman Date.. l6-2-2w Page 3 The Jane l&laddock Homes Reporting Accountsnt's Report for the Year Ended 5 April 2023 Accountants report to the Boaffll of Trustees on the unaudited accounts of The Jane Maddock Homes We report on the accounts for the year ended 5 Apn'l 2023 set out on pages 5 to 13. Respectlve rnsponslbllltios of the Board and reporting accountant The board of The Jane Maddc¢k Homes is ￿sponSible for the preparats.on of the accounts, and they consider that The Jane Maddock Homes is exempl from an audit. It is our responsibility to carry out procedures designed to enable us to rewrt our opin￿n. Basls of oplnlon Our procedures consisted of comparing the accounts wrth the ￿oUn￿n9 records kept by The Jane Maddock Homes and making such limited enquiries of the trustees of The Jane Maddock Homes as we considered necessary for the purpose of this report. These procedures provide the only assurance eXp￿ssed in our opinion. Oplnlon In our opinion.. the accounts for the year entjed S April 2023 are in accordance with the accounting records kept by The Jane Ma(Jdock Homes under paragraph 13512llal of the Housing and Regeneration Act 2008, having regard onty to, and on the basis of the Information contained in the accounting records.. the accounts compty wrth the requirements of the Charrties Act 2011,. The Jane Maddock Homes has satisfied the conditions for exemption from an audit of the a¢¢ounls for the year ended 5 April 2023 spea'fied irs section 136131 of the Housing and Regeneral￿n ￿t 2008.. the accounts compty wrth the requirements of the Housin9 and Regeneration Act 2008 and the Accounting Direction for private registered providers of social housing in England 2022. E.-OL Boume & Co Registered Auditors and Chartered Accountants 6 Lichfield Street Burton on Trent Stsffordshire DE14 3RD Date". 4wikLV Page 4 The Jane Maddock Homes ststement of Financial Position At S April 2023 2023 2022 Notes Tumover Less. Administrative costs 27,678 15,715 27,278 42,307 O￿TatIng surpluslldoflctt Interest receivable and similar incon 11.963 669 115,0291 Surplu•llDeflcltl on ordlfiary actlvlties fore taxatlon Tax on surpluslldeficitl on or(linary activities 12.632 115,0201 SUrplU￿{do1lClt1 foi tho year 12,632 115,020} On behalf of the Board ..A Wlliafftson - Chair of the board V COll￿r - Treasurer Page 5 The Jane Maddock Homes ststement of Financial Position At 5 April 2023 2023 2022 Notes Fixed Assets Tangible assets 49.946 58,270 49,946 58,270 Current Assets Debtors Cash at bank 483 112.882 125,156 126.057 113,365 Creditors: Amounts falling due within one year 11.509 11,449 Net Current Assets.. 114,548 101,916 Total Assets Less Current Liabilities 164,494 160,186 Crgditors: A￿￿t￿nIS falling due after more than one year 141,622} 149,946) 122,872 110,240 ReseThies: General reserves Revaluabon reserve 122,872 110,240 122,872 110,240 These financial statements on pages 5 to 13 were approved by the board on signed on its behalf by.- and . A Wlliafftson - Chair of the board V Collier - TreaSu￿r Page 6 The Jane Maddock Hornes Statem¢nt of Changes in Reserves At 5 April 2023 Income and Expendtture Reserve Total At 6 Aprll 2022 110.240 110,240 Surplus from Statement of CoMp￿hen$1ve Income 12,632 12,632 Total Comprnhen$ive Incom? 12.632 12,632 At 5 April 2023 122.872 122,872 Page 7 The Jane Maddock Homes Statement of Cash Flows for the Year Ended S April 2023 2023 2022 Notes Cash flow from operatlng a¢tlvhlos Interest paid Taxation paid 11,605 115,3291 Nèt ¢•8h flow from operatin9 acllvltles 11,605 15.3291 Cash flow from In¥￿tIng •¢tlvltles Grants received Interest received Net ¢a$h flow from Inv•stlng actlvttles 669 Ca•h Ilow from fln•nclng actlvttl•8 Repayment of long-lem h)ans Interest paid Net ¢a•h flow from fln•n¢lng actlvttl•s Not Incr•a8el{d•cre••el In c••h and caah •qulval•nts 12,274 115,320} C•8h and ¢a8h •qulval•nts brought loThvard 112.882 128 202 Cash and cash equlvalents carrfod fO￿lId 125.156 112,882 Calh •nd c•8h fjqulvalgnts con•lst of: Cash al bank and In hand Short term deposits 125,156 112,882 Net cash flow from oper•tlng actlvlll•• 125,156 112,882 Page 8 The Jane Maddock Hornes Notes to the Flnancial Statements for the Year Ended S Aprll 2023 ACCOUNTING POLICIES General Inforrnation and bas18 of preparing the financlal statèments The charity was registered with the Housing Corporation as a Registered Social Landlord IRSLI as defined by the Housing Act 1996. Following the Housing and Regeneration Act 2008 il is now regi$lered with the Tenant Services Authority and becomes a Registered Provider of Social Housing of the United Kingdom. The nature of charity's operations and principal activity is lo provide accomrnodalion lor beneficiaries of the Irusl. The Jane Maddock Homes conslilules a public benefit entity as defined by Financial Reporting Standard 102. The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102, the Statement of Recommended Practice for Soci81 Housing Providers 2018, and with the Accounting Direction for Private Registered Providers ol Social Housing in England 2022 The financial slalements have been prepared on a going concern basis under the historical cost convention. modified lo Include certain items at fair value. The significant accounting policies applied in the preparation of these financial 51alemenls are sel out below. These policies have been consislenlly applied to all years presented unless otherwise staled. Income Income represents maintenance charges receivable from housing accommodation nel of losses from voids. Tanglbl8 Flxod Assets Tangible fixed assets (including social housing properties) are slated al cost less accumulated depreciation, The housing prop&rties were bequeathed to the charity in 1903 and are shown al nil cost. Depre¢ialion is provided on all tangible assets, al rates calculated to write off the cost, less estimated residual value, of each asset on a sy51emalic basis over its expected usefvl life as follows. Property plant and machinery 25 years Re8errf08 General reserves are unrestricted reserves which are available for use al the discretion of the Iruslees in hjrtherance of the general obieclives of the charity and which have not been designated for other purposes. Designated reserves comprise unreslri¢ted reserves that have been set aside by the Iruslees for particular purposes. Betsveen 5 April 2022 and 5 April 2023 there were no designated reserves. Councll Grant Council Grant received for the purposes of expenditure on benches for the Queens Jubilee. Due to Its small size, this grant has been recogn15ed in full the same year as the expenditure incurred. Page 9 The Jane Maddock Homes Notes to tho Financial Statements forthe Year Ended 5 Aprll 2023 ACCOUNTING POLICIES Icontinuedl Social Houslng Grant Social Housing Grant received for the purposes of capital expenditure. These grants are recognised at the fair value of the asset received Where the assets are accounted for using the cost model then the government grant is accounted for using the accruals model. The differen￿ between the fair value of the asset and the consideration is recognised as a liability and amortised over the useful economic life of the a55el. This amortisalion is reco9nised within turnover. Where disposal ol government donated assets are required lo be recycled, a liability is included lo recognise this obligation. STAFF COSTS The members of the board serve on a voluntary basis and received no remuneration in the year12022 - £nill SOCIAL HOUSING TURNOVER AND COSTS 2023 2022 Maintenance contributions receivable 18,954 18,954 Social housing operating costs 6,011 Opèrating Surpluslldeficltl and net surplu8{d8fl¢ltl from soclal houslng actlvltle8 12,943 13 3611 Void losses Amortised government grants 18.3241 (8,3241 TAXATION The charity is not liable lo lax on its activities. TANGIBLE FIXED ASSETS Propety Plant & COST.. Al 6 April 2022 and al 5 April 2023 208,103 DEPRECIATION: Al 6 April 2022 Charge for the year 149,833 8,324 Al 5 April 2023 158,157 NET BOOK VALUE: Al 5 April 2022 58,270 Al 5 April 2023 49.946 Page 10 The Jane Maddock Homes Notes to the Financial Statements for the Year Ended 5 Aprll 2023 GRANT Social Housing Grant COST.. Al 6 April 2022 and at 5 April 2023 208,103 AMORTISATION: At 6 April 2022 Charge for the year 149,833 8,324 At 5 April 2023 158,157 NET BOOK VALUE.. Al 5 April 2022 58,270 Al 5 April 2023 49,946 DEBTORS 2023 2022 Rental debtors Prepayments 520 381 238 245 901 483 CREDITORS: AMOUNTS FALLING OUE WITHIN ONE YEAR 2023 2022 Rents in advance Accnjed expenses Government grant 485 2.700 8,324 485 2,640 8,324 11,509 11,449 CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR 2023 2022 Govemment grant 41,622 49,946 10. UNITS Units at start Units at end Almshouses Page11 The Jane Maddock Homes Notes to thg Financial Statements for the Year Ended S Aprll 2023 11. RECONCILIATION OF OPERATING SURPLUS TO CASH FLOW FROM OPERATING ACTIVITIES 2023 2022 SurplusllDefl¢itl for the year 12,904 115,0201 Interest r￿1Ved Depreciabon of tsngible fixed assets Ilncreasel/Decrease in trade and other debtors IncreasellDecreasel in Irade and other creditors Govemment grants utilised in the year 19411 8,324 14181 60 8,3241 191 8,324 222 15221 8,3241 11,605 115.3291 12. INDEPENDENT REPORTING ACCOUNTANT'S REMUNERATION 2023 2022 Fees payable for the review of the accounts 1.380 1,668 Page 12 The Jane Madd¢xk Homes Detailed Income and Expenditure Account for tho Year Ended S April 2023 2023 2022 Income: Residents contributions Inet of V0￿S) Grant income Bank interest 18.954 8.724 669 18.954 8.324 28,347 27,287 Expenditure: Insurance Maintenance charges Subscriptions Accountants remunerats.on Sundry expenses Depreciation 1.043 4.340 512 1.380 116 8.324 972 30.915 300 1.668 128 8.324 15,715 42,307 EXCESS OF INCOME OVER EXPENDITURE 12.632 115,0201 Page 13