THE ￿LLIAm HOLMES ALMSHOUSES CHARrrY REGisfERED CHARrrY NO: 214712 FINANCIAL sfATEMEpirs FOR THE YEAR ENDED 31- MARCH 2025 THE ￿LLIAm HOLMES ALMSHOUSES CHARrrY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31sf MARCH 2025 CONTENTS Page Annual Trustees, Report Statement of Trust￿ Responsbiltbes Accountsnts, Report Balan￿ Sheet Notes to the finanoal Statements 8-12 Income and Expenditure Account 13 William Holmes Almshouses Association Trustees, Report April 2024 to March 2025 Background infomiation.. William Holmes Almshouses, Nottingham Road, Ripley, Derbyshire, were built in 1926 using a bequest made by William Holmes, a provision merchant of Shirley Road, Ripley, who died in 1922, for the benefit of needy people who lived in the Ripley area. It is a registered Charity, number 214712. The Almshouses comprise of six one-bedroom bungalows on the corner of Nottingham Road and Fletcher Street, Ripley, Derbyshire, DE5 3AS. The bungalows are large enough for two people to live in comfortably, with a large kitchen, lounge and bedroom. They are kept lo a high standard with any repairs done promptly. All bungalows have a Lifeline call system in Case of emergencies. The properties were modernised in 1984-1985 new bathrooms and toilets were installed as was central heating. Front storm porches were also added at that lime, this obviously made the bungalows warmer. The bungalows were further improved in 2006 with the installation of double glazing on all windows and doors and the fasciae were also cladded. The Association has all gas appliances in the bungalows checked for safety annually. The checks are carried out by a Gas Safe registered gas engineer. The electrics are also tested every five years. The Association is run by a voluntary Committee comprising five Trustees, of whom must be nominated by Ripley Town Council every four years, (although not necessarily Councillorsl, and three Co-opted Trustees who are appointed on a five-yearly basis. The current Trustees are: Ripley Town Council Nominees.. Mr lan Fisher Cllr Roland Emmas-williams Mrs Lrz Bowley Mr Mick Hooley Mr James Oldham (electsd 12th March 2025) Mrs Isobel Hany (resigned 16th October 20241 Co-opted Mem￿rs. The day to day running of the As50¢iation is carried OLrt by a Clerk apwinted by the Trustees: The present Clerk is Hannah cu￿On. Annual Report Aprfl 2024 to Alarch 2025.. Over the past year the Trustees have coM￿eted wtyk on the remaining three bungalows to ensure they are rid of damp arKI renovated to a high standard, to enable the heatth, safety, and comfort of our residents. The charity is in a very sound position financially and deals wth any repairs or ISSL quickty and efficiently. It is hoped that over the coming years we will be able to increase our savings to enable us to prowde another bungalow in Ripley. The financial accounts and statements are thecked for accuracy on a regular basis by the Chaiman, lan Fisher, and the Annual Accounts are independently checked by Mabe Allen LLP, Chartered Accountants of 3 Oerby Road, Ripley, Derbyshire. To the best of the Trustees, knowledge. all the statutory 8nd legal requirernents of Iliam Holmes Amshouses Charitys Association have been fvffilled. By order of the Board of TTUStees lan Fisher Chairman of the Board of Trus Detsmber 2025 THE WILLIAM HOLMES ALMSHOUSES CHARrrY srATEMENT OF TRusfEES' RESPONSIBILITIES Homes England and Charity legislation requi￿ the T￿￿ee5 to prepare Finanaal Stsitements for each financial year whith give a true and fair vlew of the state of affairs of the Prlvate Registered Provider of Social Ilousing and of the surplus or deficit for that period. In preparing these Financial Statements the Trustees are required to: Selett sultable accounting pJicie5 and then apply them consistentlyi Make judgements and estimates that are reasonable and prudent. State whether applicable accounting 51andards have b￿n followed, subject to any material departures disdosed and explained in the finanaal statements; and Prepare the Financial Stste￿￿nts on the going con￿rn basis unless it is inappropriate to presume that the Private ReglsLEred Provider of Social Housing will continue in business. The Trustees are resFonsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the PrNate Registered Provider of Social Housing and enable it to ensure that tr￿ Financial Ststements mmply with the provisions within the Housing and Regenerdtion Act 2008 and the Accounting Direction for Private Registered Providets of ￿Kial Housing 2019. They have general responsibility for taknng reasonable steps to safeguard the assets of the Private Registered Provider of &xial Housing and to prevent and detett fraud and other irregularities. Accountant's Report to the Trustees on the unaudited Accounts of The William Holmes Almshouses Charfty We report on the Accounts for the year ended 31g Marth 2025 set out on pages 6 to 13. Respective responsibilities of the Trusteas and reporting accounlant The Trustees of the Private Registered Provider of Social Housing are responsible for the preparntion of the accounts, and they consider that the PrivaiE Registered Prolrider of Social Housing is exempt from an audit. It is our reS￿nSIbIlIty to carry out protrdures designed to enable us to report our opinion. Basis of Opinion Our work wa5 conducted in accordan￿ with the Ststement of Standards for Reporting Accountants and so our procedures consisted of comparing the accounts with the accounting record5 kept by the Private Registere¥J Prowder of Social Housing and maknng such lirnited enquiries of the Trustees of the Private Registered Provider of &)clal Houslng as we considered necessary for the purpose of this report. These procedure5 provide the only assuran￿ expressed in our opinion. Opinion In our opinion: the Income and EX￿nditU￿ Account and Balan￿ Sheet for year ended 31st March 2025 are in accordan￿ with the accounb'ng records kept by the Private Registered Provider of Social Housing under section 135(2)(a) of the Housing and Regeneration Act 2008. On the basis of the informatii)n contained in the accounting records: The Income and Expenditure Accourt ar￿ Balan￿ Sheet comply with the requirements of the Charities Act 2011; The Private Registered Provider of Soaal Housing has satisfied the condition5 ft)r exemption from an audit of the accounts for the year ended 31st Marth 2025 as spe(ified in section 136(3) of the Housing and Regeneration Act 2008. Accountanys Report to the T￿￿ on the unaudlted accounts of The William Holmes Almshouses Charlty Opinion (contlnued) the Accounts comply wlth the requirements of the Housing and Regeneration Act 2008 and the AccountirKJ Direcbon for Private Register&J Providers of Social Housing 2019. Mabe Allen LLP Croft House Chartered Accountants 3, Derby Road Ripley Derbyshire DE5 3EA THE WILUAM HOLMES ALMSHOUSES CHARrrY BALANCE SHEET AT 31K MARCH 2025 2024 FIXED ASSErs 41,002 Freehold Housing, Land and ￿lIdingS (8) 41,C(J2 FIXED ASSEf lNVEsfMErirs M & G Invesbnents 613 139,615 CURRENT ASSErs Payments in advance Investments - redeemable within one year: National Saving5- InveSt￿nt Account Cash at Bank - HSBC Community Alc - HSBC Mijney Manager Alc 562 532 807 4,746 995 815 11,850 LESS . CREDITORS: AMouKfs FALUNG DUE wrrHIN ONE YEAR Loan - The Almshouse A55￿]ation Acauals Income recewi in advan (ifj 3,212 748 3,356 1,136 NEf CURREfiT ASSErs 141,182 TOTAL ASSEfs LESS CURRENT UABILThIES 14,334 LESS . CREDrroRS:AMOUNTS FALLING DUE A￿ER MORE THAN ONE YEAR Loan - The Almshouse A%ociation (In 42,5 141182 TOTAL NEf ASSErs CApfTAL AND RESERVES 53,256 Designated Reserves Income and Expenditure Account (9) 38,119 THE WILLIAM HOLMES ALMSHOUSES CHARITY BALANCE SHEET AT 31ST MARCH 2025 (CONTINUED) The Tru5tee5 are satisfied that the tharity was entiued to exemption under ￿tion 136(3) of the Housing and Regeneration Act 2008 and that neither the TNstees nor the Homes & Communities Agency have required an audtt in accordan￿ with the Act. The Twstees ad(nowledge their responsibilities for: ensuring that the Charity keeps accounting records in accordan￿ with Social Housing and Charity legislation; and preparing accounts which give a true and fair VILW of the State of affairs of the Private Registered Provider of Social Housing as at the end of the financial year and of its surplus or defKii for the financial year in accordan￿ with the quirements of this Act relating to accounts, so far as applicable to the Private Registered Provider. The financial statements have been prepared in accordan￿ with the reyuirements of secknon 135 of the Housing and Regeneration Att 2008 and the Accounting Direction for Private Registered Providers of knial Housing 2019. These financial ststements were approved and authorisoj ft)r issue by the Trustee5 On behalf of the Board of Tn Chalrnian of the Trustees Trustee THE WILUAM HOLMES ALMSHOUSES CHARrrY NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 i) PIUNCIPAL ACCOUNTING POUCIES The Hnanoal Statements have been prepared in acCOrdar￿ with applicable Accounting Stsndards in the United Kingdom including the Statement of Recommended Practice. The accountlng rolldes of the charity are set out below: Accountin The Rnanaal Ststements are prepared on the hLfjtOri¢31 cost basls of accountlng. rn Turnover represents ￿la1 housing income receivable from tenants. Housin Pro erties The Williarn Holmes Amshouses were cortstructed in the mid 1920's and the original cost is shown under Freehold Housing. Further costs relate to improvements carried out Sin￿ 1984185 whlch were ftjnded by a Housing CorForation Grant; a nKrtgage loan from Amber Valley Borough Council, by a charge on housing, land and buildings and from the Aimshouses own resources. As the prowties are maintsined in a stste of repair such that their estimated residual value is not less than their improvernent cost or C