CHARITff NUMBER: 215070 TRINiff HOSPITAL CLUN FINANCIAL STATEMEKrs R THE YEAR EN 31 MARCH 2024 ty44.f WR 1$" Partners TRINITY HOSPITAL CLUN Chari￿$ Advisers Tru¥tg9s' Repwt Independent Chart8r&J Accountsnts, Revi8w Report Income and Expendituré Account Bala￿e Sheet ststement of Changes In Equty Notes to the Accounts 9-14 The following p8ges do not fomi part of th8 Stalutory accounts.". Detailed Income and Expenthlure Account 15 TRINITY HOSPITAL CLUN YEAR ENDED 1MAR Regitsed ¢hariiy number 215070 Hom88 Cotmiunibo8 Agency registration numb8r. Registered olfice address: Petan stanstow Craven ArTh Shropshlre SY7 8DG Bankers.. HSBC 6 High Street Blshops Ca811 Shropshire SY9 5BQ Sdlchorn: Lanyon Bowdler 12, The Bu8lne88 Park E&) Park Road Ludbw Shropshire SY81FD Acc￿ntant WR Pather8 Belmnt House Shrewsbury Business Park Shrewsbury Shropshlre SY2 6LG TRINITY HOSPITAL CLUN 'REP FOR THE YEAR ENDED 31 KIRCH 2024 The Tru8tee¥ present their annual report and ac{￿Unts for the year ended 31 M¥rth 2024. The reporl and financial statements are prepared in accorda1￿e with the char￿eS Act 2011, the Housing and Regeneration Act 2006 and the Hou8Sng SORP 2018 (Slatement of Recommende(I Pr8￿Ce for social hou8lNJ providèrs). Statemant of Truslee8' Res n&bilities The follu4ving Staltsmenl whld) sh*￿Id be read In ctsnlundcm WOU) the Reportlng AcA)unlanl8' Report on page S is rnade with a view to distinguishing the respectivè responsibili1￿S of the Board of Trust8es ond of the Accountsnts in relati(x) tts Ihè financial $18tèmenl8. Registered Soli81 Hwsing Provider and Ch8rily IBgi8laknon r8quirg the TruBtee3 to prepaTe flnanclal statements for each financial year Wh￿ gNe a true and fair vwl of the state of affairs of the Regist8rad Social Housing Providei 88 al the end of the finan(aal year atxl of the surpkjs or deficit for that year. In preparing th&se finanLial slatemtsnts tho Twst&g$ gr& required to- select suitabl8 accounting poliaes and then appty them consbStenUy.' make judgements and accountlng esllmates that are reasonab￿ and prudent.. state whether applicabk accy)unting standards have been folowed, subiBct to any material deportures dlsclosod and gxpiain9d in ts financi81 slatemgnts., prepare the financial statements on a goiro concern basis unless it i8 inappropiiote to prasume that the Registered Social Housing Provider will (y)nlinue in business. Thè Truste￿ are re$ptsnsible for keeping proper a¢￿Unting Te¢ord$ whith disdose with reasonable acLuracy at any time the financial positlon of Ihe Regislered Soaal Houslng Provider and enable It to ensure that the finan¢ial slalements cofflp￿ with the Charities Act 2011, the Housing and Regenerati1￿ Acl 2Tr)8 and the Accounting DIrect￿n for Soaal Housing PTovhlers 2022. They are also responsible for safeguarding thè 8ssels of the Registered Socaal Housing Provider and hence IOT taking r#8sonable steps for the prevention and detection of fraud and other irregularities. So far 0$ each of the Iru$lee$ is aw￿ at the lime thg report 1$ approved.. there Is no relevant accountlng Information of whlch the Registered Soclal Houslng Prov*JeVs accountanfs the trustees have taken all steps that they ought to have taken to rnake themsefves aware of any rdevant a￿OUnt1r￿J infomiation and to ost8blish that 8¢count8nls 8rè 8warè of that inlorm8tton. The princbpal 8clivity of the Rogistered Sodal HOUSI￿￿ Pmvider 18 Iho provSsion of rented accommodat*)n for The Reglstered Sooal Hou$lng Provlder bs a Charltablo Trust under the Charlty CommlsskJn$ Sthgme dated 24th May 1990, registered number 215070, aTrJ is also a Registered Social Housing Provider Ireference number A40221. The man8gemenl of the Regi$lered Social Housing Providw 18 the ￿SPOnSIbl111Y of the Trustees who are elected and co-opted under the terms of the Trust deed. New Twstees are appolnted al the annual trustees Key management decisions and strategies afe deaded at 1he amual Trustee meetry. TRINITY HOSPITAL CLUN TRUSTEES. REPORT CONTINUED R ENDED 1MAR 24 The Registered Social Hou8ing ProvKlerf8 policy is to d)arge rent at ￿ve18 that are affordable and refied the qUBlity of thè accommdation provided. All rent increases for thg year 2023124 were within the Home3 & CommunI￿esAganCYS recAjmmendador￿. Lon tern 8t0(* maintenance re The Registeied Social Housing PrO￿deffS pdicy is lo mantain housing stock to the highest possible standard& thereby ensurfng both $tsff and resident safety. General repairs are the reswrtsibility of the Tru8tees and are carr￿1 out on a thy to day basis when required. The perf0mlan￿ of t￿ ¢￿tractOrS catyng out thes* repairs are constsntly reviewed to ensure value for m¢x)ey. Investment I Thè Trustees opgrate a low risk investsnent policy wrfh the aim to preSe￿e and grow the capital value of the investments with a small amounl of i1￿Me. both ef which are lo conlrfbule to extraordinary rèpairs when Ihey arl8e. Public benefft The Trustees have had due regard for the Charfty Commission's revised guidancè in respect of public benefft and have continued lo carry out the charflafAe oblects above throughout the ye8r. Ri8k mana ent The Trustees hav¢ a55essed the major risks lo whi¢h th• R•9iSterad Sodal Housing Provider is exposed, in particular those r8latad to lh8 op8rations and ffinances of tt)e Registered Swal Housing Prowd•r. and a satisffied that the 8yst¢m8 and yocodur¢s are In plac• lo man890 exp￿￿re lo tre m8ior risks. The Trustees afy satisfied that adequate system$ 8re In pla¢e to detect and minimise the maln $lrategiG bU￿￿e&S operational risks vthich the Regk8ter&J SocH] Housing Prov*Jer may face. Voids by thelr nature are a rfsk ar8a, but the management team Ternain8 focuse(l on reducAng Ihe length of tirne etween a property becy)ming va(*nt and boing let. Furthermore. In ¢urr¢nl economlc climats there 18 suffK4ent demand should vacancies ocrjjr. Reserves The defictt for the year befo￿ transfer8 lo and from designated and re8trKted re8eNe8 was £4.025 (2023: £73.661). The re$6rves at the gnd of the yèar were £303,770 12023.. £307.6261. There are endowment fund8 totalling £43,781 12023.. £41,926} of whi¢lJ thtr income goneraled 1$ for the upkeep of the Am$hou8e3. The gen¢ral ieserve is unrestricted and totals £259.989 12023.. £265.7W), and thi8 i￿l￿deS a de&gnatsd repa reserye of£80,951 12023.. £80,951) for extraordinary opaits. TRINITY HOSPITAL CLUN TEE 'REP RT NTINUED R THE YEAR ENDED 1MAR ievernenlB and rfofmance The number of homes under management remained at 13. The Truslees Conlnue wtth theor building m8lnlenan¢e programme forthe benefft of the residents whith has been funded wth the continl￿d support by The Earf of Northampton's Charity. Phases 3b and 3c, the final phases ofthe extemal redeCOra￿On programme, were completed in October 2023. Electri￿1 in$pecb"on$ are due in mosi of Ihe prO￿￿e6 in 2024. This work was started in May 2024. The trees wlthln the grounds have been In$pe(#ed by a tree surgeon and some work Is required. Th& tree wJrg8on has 8pplied for planning permission to carry out the necessary w(xk. The quiN4uennial inspection reFKJrt was received duving the year. Trust88 T￿ Trustees w￿) seNed during the yearwere 88 follows.. Preb R Tshaw G K Edwards Right Hon The Earl of Powis Mrs H Morris Mrs S Morris T J Williams Chairman Vice Chaimian By Ordèr of thè Clerk to th8 Tru$lee8 J.s. w Date: I INDEPENOENT REPORTING ACCOu￿ANTS, REPORT TO THE TRUSTEES OF TRINITY HOSPITAL CLUN FOR THE YEAR ENDED 31 MARCH 2024 We report c** the accounts for the year ended 31 March 2024 set out on pages 6 to 15. This report is made sojety to the Registèred Soclal Hou$lrKJ Provldefs Board, a8 a ￿ly, In accordance with the twms of our engagemont kntter. Our review has bgfrn undert4ken so that we might state to the Registered Socl81 Housing Providerfs Board those matters that we have agre8d wtlh them in our orKJagam8nt18tter for no other purpose. To the fullest extent pennltted by law, we do not a￿p1 or assume responsibility to anyone other than the Registered SoTh81 Housing Provider and its Board. as a body. for our Wts￿. for thls report or the oinclu%on8 we havè fomed. R•spective responsibilities of the Board and Reportlng A¢￿￿nIants The Board of the Registered s￿la1 Housin9 Provider is rasponsible for the preparation of the accounts, and they c<*n8ider that the Registered Soaal Hou￿ng Provlder Is exempt from an audit. 1118 our responBlbllty to caffy cArt procedures de*gned lo enable us to report our opinion. Ba81• of oplnlon Our procedu￿5 consisted of comparing the accounts wtth the ac￿untIng records kept by the Regi8tered Social Houslng Prowder and making such limited enquiries of the officers of the Registered Social Housing Provider 88 we ￿nSIdered necessary for thè wrp088 of thi8 report. The8e procedure8 provKl& the onty a88urance expre88e(I In our oplnion. Oplnlon In ouroplnlon: . the a¢4xunts for yw erKled 31 March 2024 Sre in accordance the actxwntlng recg)rds kept by the Reglsler•d Sockl Fbusing Provider under paragraph 13512llal of the Housing and Regeneration Ac* 2008: . ha￿n9 ￿paId onty to, and on the basls of the Informatlon wntsined in thp a1￿untIng rgcxJrd$: - the accounts compty with the requlrem8nts ofthe Charitie5 Act 2011.. - the Registered Social Housin9 Provider has satisfied th6 ¢*ndilion8 for èxemption from an audil of the aco)unts for the year ended 31 March 2024 specified in section 136161 of the Houslng and Regeneration Ad 2008.. the ae¢ounts comply with the requlremènts ofts Hou81ng and Regeneration Act 2008 and the AccountlrKJ Dlrection for private re9islered providers of 80cial housing in England 2022. WR Partn•rn Chartered Aco)unlants Belmont House Shrewsbury Business Park Shrewsbury Shropshire SY2 8LG TRINITY HOSPITAL STATEMENT F COMPREHENSIV INCOME INCL DING INCOMEAND FOR THE YB4R ENDED 31 MARCH 2024 Not 202 Tumover 74,406 72,411 Le88= Oper81ing costs {91,8131 {138.380) . (Defidll I Surplus 117.4071 165.969) Interest receivable and similar inccffle 1,845 1.457 RevalUat￿n of Investments (Def￿11) I Surplus on ordinary activities aThJ total compr8hen5Ne income for the year {3,8571 (73,681) Thg r8suMs relata whdly to continuing activits8s. There were no recognised gains and losses for 2024 or 2023 ¢)ther than those included in the Inccme and expendf(ure account. The notes on pag8s 9 to 14 fomi part of thes8 financial statem8nts. These accounts were approved and authorised for issue by the t*)ard on I glk 14>Z Signed on behalf of tho board -4 Tnjstees •J TRINITY HOSPITAL CLUN BALAN HE 2024 2023 Fixed assets Housing pryrties Investments 373,354 196.241 385,115 184.536 569,595 S89.651 Currenl 8ssets Debtor8 Cash at bank arKF in hand 2,109 72.722 3,517 74,004 74,831 77,521 Creditor5'. wnounts falling due within one year 10 {10.609) 16,837) Net current ass8t8 64.222 70,684 Creditors.. arnoun15 fslling due after one year 1330,0471 1332,709) eta 303.770 307,626 'tsl and R$erves General reserves Endth¥ment re8erve8 12 12 259,989 43,781 265,700 41,926 303,770 307,628 These atxounts were 8pwoved al￿ authori8éd for i88ue by the board I SI& J4s&¥tr Signed on beha￿ ofthè board Tnjgtees The notes on pages 9 to 14 fomi part of these financial statements. TRINITY HOSPITAL CLUN TATEMENT F CHAN EThth)wment Reserves General Re8er¥es Earf of Northam F.M. Ckments Income #nd Investment Extraordina Ex nd￿re evalu8tkJ ir reserve TOTAL At l April 2023 33.293 8,633 123,091 81,659 80,951 307.827 Movement for the ye 1,473 382 11 5.5621 9,850 {3,857) TransfeT At 31 March 2024 34,766 9,015 107,529 71,509 80,951 303,770 AS AT 31 MARCH 2023 Endowmnt Res•rve$ Ganeral Reserves Earf of Northam F.M. Cl8m8nts lTrxm8 and Investment Extraordina c*tur• Revaluation TOTAL reserve At 1 Aprll 2022 35,388 9.178 145.585 91.126 100.013 381,288 Mov¥ment for the year (2.095) 15431 114,5121 {29,467} 127.044} (73,681) Transfer 17,9821 7.982 At 31 March 2023 33,293 8,633 123,091 61,659 80,951 307,627 Th• not8s on pag8s 9 to 14 fom part of Ih88e financi￿ statem￿18. TRINITY HOSPITAL CLUN NOTES TO THE ACCOUNTS olicies Summa of si nrficant accountin Trlnty Hosprtal Clun 1$ a prfvats registered provid&r of social housing h) the United Klngdom. The address of the reglslered officé Is Pelan, Wlstanstow, Craven Arm5, Shropshlre. SY7 8DG. Th natur& of Trinity Hospital's oper8ton$ and prin¢yal a¢tNity 1$ the provision of rented accommoda￿¢￿1 for th0￿ in hotssing n••d. Tdnty Hosph81 G￿n o)nstliutes a publlo tongfft onty 88 delkned by FRS 102. The ffnanaal stalewonts have been prepared In attordance with aFvIKablg a￿￿n￿ng st8nd¥rds Indudkng Flnanclal R•portlng St8nd8rd 102 Th8 Finaftu81 R•pofting Sland8rd ApplK8ble in the UK and Republ1¢ ol Ireland IFRS 1021, the Ststemenl of Recommended Piacti¢e for Social HousirKJ ProvKlers 2018, the Aco)unting Directbve for private Tegistered promders of sodAI housing in England 2019 and the reqLFirements of the Housing and Re9enerntlon kl 2008. The financial stst9n￿nts have been prepared on a gthng concern basls under the hi8lorK%l cost ￿nventIon. modlfpd to Ir￿lUde certaln Items at lalr value. The ffinanaal statements are prepared in starting, whth is the fijnctional currency of the Trinity Hospital, cl￿ and are rounded to the near¢¥t pound. The Bignrficant 8cax1untK￿ policiey app￿ed in the preparation of IheBe ffinanual stalem&nts ar8 sat oui below. These polK*s have been consi8tenty applied to all years pre8ented unless Othe￿Ile stated. 1.1 Basisof aration of finarKial statements Tha financial slatThnts hav8 b88n prepar￿ und•r th8 hlstorfcal cost eonv•nl*)n and In afthrdance wtth appIl￿ble accountlng standards. 1.2 Tu Tumover represents rentgl and senAce charg8s Income [￿e￿abl0 In the yfrar of rent and ¥ervic¢ tharg? losses frorn void5. revenue grants from the 9ovemment (local authorftbsl and thfr Homes and Communities Agency. 1.3 Ton Ible fixed assets and de redatlon Tangitle fixad assets arè statèd 81 cost 168s aecurnu￿ted dewecialion and accumukqled Impatrmenl k)sses. Cost I￿ude5 costs dlrectty aitrlbutable to making the asset capable of operating as Intended such as the cost of acqulring land and bulkling$. d¢velwments ¢08ts, Intw8st eharg•s on loans duriny th• d8velopm¥nt wiod 8nd &XP•Jnditure on improvements. Expenditure on improvements will onty be caprtalised ￿en it results in inuemenlal futurè b&nèfrts such as increasing rental in￿rne, reducing Maintenance costs or resuttwig In A slgnlficant 8xtans￿In of the useful economic Ilfe oflhe propety. Deprec¥ation is prowded on all tangible fixed assets, al rates ￿lCulated to wrlle off the ￿$1, ths astlmatod residual value. of oach asset on a syst8malk basis over •X￿et•d useful life a8 follows.. Hou8lng property. structure Roof Kit¢h¢n Bathroom Electsic Boiler Heallng Wlndows and DONS 150yea 85 ye8TS 10 y¢ars 15 years 25 yea 10 years 15 ye8r¥ 30 years urnm Trfnity Hospilal VAS fwThYed in ￿ eady *￿nteénth t*ntuty and Ihefe 16 rKJ reeord of the Mlnal costand no valuafjs attrfbutsd tt￿ret0. Major crmponents of housing properties. 5uth as kitthens, electric5 elo. havE been llceounted fDr and depre¢Hted separatety from th8 hDU5ing prDpwty, over IIEir expe￿e￿ useful t￿noMiC 11*6. AJI prow*s are wnsK1ered ImpakThent amually 8TrJ d8lal•d rev[8￿ of assels for Irrpalmenl are out If tlwe b an ￿d1(atiOn that irywrmonl h4$ Dcojr￿d or W they s￿ not depwated. Irrpatrments Ihat ate a rewtt of 8 major reduclKsn in Ihe Ser￿Ce potenffjal of 8 prcyty Bré reccgnised h the ￿rne and expenditure accounl. Impairnents th81 refipcl general th8nges in prKe we. Whe￿ the is Shown 81 a valuation. re 9,850 3,857 Transfer At 31 Marth 2024 34,766 9,015 107,529 71.509 80,951 303.7 Endowmnt Fund rèprésènts monkis r￿l¥ad from th• Earf of Northampton's charity many ￿ar$ ago. T incLyne from thi8 fijnd and the F.M. Clements Will endowment fvnd i8 to be used for the upkeep ofthe Almshouses. extracidinary r8palr r8$8￿0 Is to be used for T8palrs that ar• abow and beyond whatwoukj ￿ 8xp8Ct8d durfjng courne of wubr Iwilding maintsnance. 13. The RegBter&J Soci81 Housing Prowder had 13 units ol accommodation in rnana98ment at 31 M•r¢h 2024 f2023.' 13). These are all general needs housing at Affordable Rent level. 14. L islation rowsion Tha R8gist&rad Swal Howng ProwdgT a Charitab￿ trust under th¢ Cha(ity CommLssioners SLthemg d8tsd 24th May 1990, arnl 1$ a150 registered with ￿ Housing Corporath)n. 14