HENRY BURTON
ALMSHOUSE CHARITY
ANNUAL REPORT AND
FINANCIAL STATEMENTS
For the year ended
31st March 2024

HENRY BURTON ALMSHOUSE CHARITY
ANNUAL REPORT AND FINANCIAL STATEMENTS
For the year ended 31st March 2024
CONTENTS
Page
Officers and professional advisors
Report of the Trustee
Report of the Auditors to the Trustee
7-11
Statement of comprehensive income
12
statement of changes in reserves
Statement of financial position
14
Statement of cash flows
15-16
Notes to the financial statements
17-25
The followin
es do not fom
statuto
financial statements-_
artofthe
statement of comprehensive income (detailed)
28

HENRY BURTON ALMSHOUSE CHARITY
OFFICERS AND PROFESSIONAL ADVISORS
For the year ended 31 st March 2024
Welsh Govemment
Registered Number..
A085
Registered Charity
Number..
21731915
Trustee..
Melin Homes Limited
Clerk to the Trustee..
Tom Broadhead
Registered Off￿e..
Tyr Efail
Lcywer Mill Field
Ponty[￿l
Torfaen NP4 OXJ
Managing Agents..
Melin Homes Limited
ryr Efail
Lower Mill Field
PontyFwI
Torfaen NP4 OXJ
Auditors..
Haines Watts Wales LLP
Chartered Accountants &
Statutory Audito
7 Neptune Court
Vanguard Way
Cardrfl
CF 24 5PJ
Bankers..
Barclays Bank PIC
PO Box 1015
3rd Floor. Windsor Court
3 Windsor Place. Cardiff
CF10 3ZL
Soli¢ilors'.
Blake Morgan
Llys Tawe
Kings Road
SA1 Swansea Waterfront
Swansea. SA18PG

HENRY BURTON ALMSHOUSE CHARITY
REPORT OF THE TRUSTEE
For the year ended 31 March 2024
The Trustee presents its reportand the audited financial stalements forthe year ended
31 March 2024.
Trusteo
The present Trustee is Melin Homes Limiled.
Organisation and Structure
The Henry Burton Almshouse Charity is a Registered Social Landlord governed by a
trust deed. The Trustee aims to continue to let the 32 self contained units to the
elderly. The Almshouse employs no staff as rt is fully managed by Melin Homes
Limited. The Trustee is responsible for the running, administration and maintenance
of its properties.
Risk Management
The Trustee reviews the Chaiity's activities at Board meeting5 and they have
assessed the risks to which the Charity is exposed. As part of this process. the Trustee
has implemented a risk managemenl strategy which comprises both financial control
and stock rnaintenan￿.
The Trustee acknowledges its responsibilty for ensuring that the Charity has in place
a system of controls that is appropriate to the business environment in whiGh it
operates. These controls are designed to give reasonable assuran￿ with respect to-
(a) The reliability of financial infomiation used.
(b)
(c)
The maintenance of proper accounting records.
The safeguarding of assets against unauthorised use or dbSPOSition.
The Trustee has adopted a reserves policy considered sufficienl to fund future repairs
to the properties.
The Trustee is satisfied that adequate resources are available to continue in the
foreseeable future and at present see no reason for the situation lo change.
Objectives and activttles
The objective of the charity is to benefit the almspeople being poor persons of good
Character who (eX￿pt in special cases to be approved by the charity trustees} reside
in the area of benefrt. The benefitting areas being CaeA¥ent, Monmouth and Newport.
The activities this year continued to reflect the aims and objectives of the Charity.
Central to this ethos was keeping Tenvservice charge levels at affordable levels, the
properties well maintained and retaining a high occupancy rate, whilst maintaining the

financial well being of the Charity. The Trustees intend to continue running the Charity
in accordance with its airns and objects.ves as outlined above.
Public benefit
We have referred to the gubjance contained in the Charity Commtssion's general
guidance on public benefit when reviewing our aims and objectives and in planning
our future activbties. We review our aims, objectives and activities each year. This
review boks back at what we achieved and Ihe outcome5 of our work in the previous
year. This review helps us ensure our aims. objeclives and activities are focused on
our stated purposes.
Investment Policy
The Trustee has considered the most appropriate policy for investing funds and have
found that specialised unit trusts designated for the Charity Sector meet their
requirement to generate both income and capital grovAh. The inveslments have been
valued as at the 3151 March 2024 and in total stand at £1,171.985. This is £112,665
higher than at 31st March 2023. £578,843 of the portfolio is held in Accumulation
Shares and £593.142 in IncorrE Shares.
Plans for future periods
There are no planned future changes in the activities of the almshouses.
Actlvlties and Flnancial Review for the year
The Almshouse continued to let all 32 units during the year with voids amounting to
£50312023.. £3.7511.
The surplus for the year, was £136.365 (2023: deficrt £2.062).
Responsibility of the Truste&
The Trustee is responsible for preparing the financial statement5 in accordance with
applicable law and United Kingdom Generalty Accepted Accounting Practice.
The financial statements have been prepared in accordance with the Trust Deed, the
Statement of Recommended Practice °Accounting for Registered Social Housing
Providers" updated 2018. the Accounting requirements for Social Landlords registered
in Wales General Determination 2015. the Housing Act 1996 and the Charities Act
2011.
The Trustee maintains a system of intemal financial control, including suitable
monitoring procedures to review its effediveness. The system is designed to manage
rather than eliminate risk offailure to achieve business objectives. However, any such
system can only provide reasonable, and not absolute. assuran￿ against material
misstatement or loss.

In fulfilling these responsibilities. the Trustee has reviewed the effectiveness of the
system of idents'fying. evaluating and managing the significant risks on the basis ofthe
principles of corporate governance contained in Community Housing Cymru (CHC)
Code of Govemance and Welsh Government housing circular RSL 02110, Internal
Controls and Reporting. The Trustee has considered all of the major business and
financial risks.
No weaknesses in internal control have been found which would result in any material
losses, contingencies or uncertaint+es which would require disclosure as
recommended by the above mentioned Circular.
On the basis that a system can provmle only reasonable, but not absolute assuran
and that it relates to the needs of the business. the system as a whole was found at
the time of approving the financial stalements lo be generalty appropriate to the scale
of the Trustee's acts'vities.
In preparing those financial statements the Trustee is required to select suitable
accounting policies, as described on page 9. and then to appty them on a consistent
basis, making judgements and estrnates that are prudent and reasonable. The
Trustee must also prepare the financial statements on the going concern basis unless
it ts inappropriate to presume that the Charty will continue in business.
The Trustee is responsible for keeping proper accounting records which disck)se with
reasonable accuracy at any time the financial posilion of the Charity and to enable
them to ensure that the financial slalements compty with the relevant legislation. The
Trustee is responsible for safeguarding the assets of the Charty and hence for taking
reasonable steps for prevention and dele¢tion of fraud and other irregularities.
In so far as the Trustee is aware, there is no relevant audit infomation of which the
Charity's auditors are unaware and the Trustee has taken all steps that they ought to
have taken to make them self aware of any relevant audit information and to establish
thal the auditors are aware of thal infom1at￿n.
Auditors
A resolution to re-appoint the auditors, Haines Watts Wales LLP will be proposed by
the Trustee at the Board meeting of Melin Homes Limited.
By Order of Melin Hornes Limited: acting as Trusts•
Clerk to the Trustee
Tom Broadhead
19 July 2024

Independent Auditor's Report to the Members of Henry Burton Almshouse
Charity
Opinion
We have audited the financial statements of Henry Burton Almshouse Charity (the
'Charity') for the year ended 31 March 2024 which comprise the Consolidated
Statement of comprehensive income. Consolidated Statement of Financial Posilion,
Consolidated Statement of Cashflows and notes to the financial statements. including
a summary of significant accounting policies. The financial reporting framework that
has been applied in their p￿paratiOn is applicable law and United KingdomAccounting
Standards, including Financial Reporting Standard 102 The Financial Reporting
Standard applicable in the UK and Republic of I￿land (United Kingdom Generally
Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the Charity's affairs as at 31 March 2024
and of its income and expenditure for the year then ended.
have been properly prepared in accordance with United Kingdom Generally
cepted Accounting Practi￿. and
have been prepared in accordance with the requirements of the Charities Act 2011,
schedule 1 to the Housing and Regeneration Act 2008 and The Accounting
requirements for Registered Social Landlords General Determination (Wales)
2015.
Basis for oplnlon
We conducted our audit in accordance wtth Intemational Standards on Auditing {UK)
IISAS (UK)) and applicable law. Our responsibilities under those standards are further
described in the Auditor's responsibilities for the audit of the financial statements
section of our report. We are independent of the Parent Association in accordance
with the ethical requirements that are relevant to our audit of the financial statements
in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordancE with these requirements. We believe that the audit
evidence we have obtsined is sufficient and appropriate to provide a basis for our
opinKJn.
Conclusions relating to going concern
In auditing the financial staternents. we have concluded that the boards, use of the
going concern basis of accounting in the preparalion of the financial statements is
appropriate.
Based on the work we have perfomed, we have not identified any material
uncertainties relating to events or conditions that. individually or collectively, may cast

significanl doubt on the charity's ability to conlinue as a going concern for a period of
at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the board with respect to going concem
are described in the relevant sections of this report.
Other Infonnation
The Board is responsible for the other infomiation. The other information comprises
Ihe infomiation included in the annual report, olher than the financial statements and
our auditor's report thereon. Our opinion on the financial statements does not cover
the other infomiation and. except to the extent other*vise explicitly stated in our report.
we do not express any fomi of assurance conclusion thereon.
In connection viith our audit of the financial statements. our responsibility is to read the
other information and, in doing so, considerwhether the other infomiation is materially
inconsistent with the financial statements or our knowledge obtained in the audit or
otherwise appears to be materially misstated. If we identify such material
inconsistencies or apparent material misstatements. we are required to determine
whether there is a material mtsstatement in the financial statements or a material
misstatement of the other infomiation. If. based on the wotk we have performed, we
conclude thal there is a matenal misstatement of this other information. we are
required to report that fact.
We have nothing to report in this regard.
Opinion on the matters prescribed under Housing Assoclation Clrcular RSL
02110 "Intemal controls and reporting"
In our opinion, with respect to the Board's ststement on internal financial control:
the Board has provKled the disclosures required by the Circular and the statement
is not inconsistent with the information of which we are aware fr¢)m our audit work
on the financial statements.
Matters on which we are required to r•port by exception
We have nothing to report in iespecl of the following mallers where the Act requires
us to report to you if. in our opinion:
the Charity has not kept proper books of account, and not maintained a satisfactory
system of control over its transactions. in accordan￿ wilh the requirements ol the
legislation- or
the revenue account. any other accounts to which our report relates, and the
balance sheet are not in agreement with the Charities's books of account. or
we have not obtsined all the infonnation and explanations necessary for the
purposes of our audit.

Responsibilities of the Board
As explained more fully in the Board's responsibilities statement set out on page 10,
the Board is responsible for the p￿ParatIOn of the financial statements and for being
satisfied that they give a true and fair view. and for such intemal control a5 the Board
deteTmines is necessary to enable the preparation of financial statements that are free
from material misstatement. whether due to fraud or error.
In preparing the financial statements, the Board is responsible for assessing the
Charity's ability to continue as a going cOn￿rn. disclosing. as applicable, matters
related to going concern and using the going con￿rn basts of accounting unless the
Board either intends to liquidate the Charty or to ￿ase operations. or has no realistic
alternalive but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial
statements as a whole are free from material misstatement, whether due to fraud or
error, and to issue an auditorfs report that includes ouropinion. Reasonable assuran
is a high level of assurance. but is not a guarantee that an audit conducted in
accordan￿ with ISAS (UK) will always detect a materlal misstatement when it exists.
Misstatements can arise from fraud or errorand are consKlered rnaterial rf. indNidually
or in the aggregale, they could reasonabty be expected to influence the economic
decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are InStan￿S of non-complian￿ wtth laws and
regulations. We design procedures in line with our responsibilities, outlined above. to
detect material misstslements in respect of irregularities, including fraud. The extent
to which our procedures are capable of delecting irregularities, including fraud is
detailed bebw:
Our planning procedures identrfythe legal and regulatoryframewotks applicable to the
operations and financial statements of the Association. These are reviewed internally
with the audit team including relevant industry experien￿ and expectations as well as
externally with the client management. The key laws and regulations we consTrdered
in this context were: Financial Report Standard (FRS) 102. Charities Act 2011,
Housing and Regeneration Act 2008 and the Accounting Requirements for Registered
Social Landlords General Determination (Wales) 2015.
Once identified, we assess the risks of material misstatements in relation to the laws
and regulations, irregularities, including fraud and adjust our testing accordingly. Our
audit procedures include..

Identify and assess the risks of material misstatement of the financial statements.
whether due to fraud or error, design and perform audit procedures responsive to
those risks, and obtain audit evkIen￿ that is sufficient and appropriate to provKle
a basis for our opinion. The risk of not detecting a material misstatement resulting
from fraud ts higher than ft)r one resulting frorn error, as fraud may involve
collusion. forgery, intentional omissions. misrepresentations. or the override of
internal control.
Obtain an understanding of intemal conlrol re￿vant to the audit in order to design
audit prO￿dureS that are appropriate in the circumstances, but. except to the
extent otherwise explicitly stated in our report. not for the purpose of expressing an
opinion on the effectiveness of the Charty's internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness
of accounting estimates and related disclosures made by the Board.
Conclude on the appropriateness of the Board's use of the going concern basis of
accounting and. based on the audit evidence obtained. whether a material
uncertainty exists related to events or conditions that may cast significant doubt on
the charity's ability to continue as a going concern. If we conclude that a material
uncertainty exists. we are required to draw attention in our auditor's report to the
related disclosures in the financial ststements or. rf such disclosures are
inadequale, to modify our opinion. Our conclusions are based on the audit
evidence obtained up to the date of our auditorfs report. However. future events or
conditions may cause the Charity to cease to continue as a going concem.
Evaluate the overall presentation. structure and content of the financial statements.
including the disclosures, and whether the financial statements represent the
underlying transactions and events in a manner that achieves fair presentation.
We communicate with those charged with govemance regarding. among other
matters, the planned scope and timing of the audit and significant audit findings,
including any significant deficbencies in internal control that we identify during our audit.
Despite the audit being planned and conducted in accordance with ISAS (UK) there
remains an unavoidable risk that material misstatements in the financial statements
may not be detected owing to inherent limitations of the audit, and that by their very
nature, any such instances of fraud or irregularities likety involve Collusion, forgery,
intentional misrepresentation, or the override of internal conlrol5.
A further description of our responsibiltiies for the audrt of the financial statements is
Ii)cated on the Financial Reporting Council's website at..
www.frc.org.uklauditorsresponsibilii*s. This description forms part of our Report of
the Auditors.
Auditor's responsibilities in respect of the Housing for Wales Circular HFW
02110 "Internal controls and reporting"
We review whether the Board's slalement on intemal financial control reflects the
Charty's compliance with the Housing Association Circular RSL 02110 °Internal
10

controls and reporting" and we report whelher the statement is not inconsistent with
the information of which we are aware from our audil of the financial statements. We
are not required to form an opinion on the effectiveness of the Charity's corporate
governance procedures or ils internal financial control.
Use of Report
This report is rnade solety to the Pa￿nt Association's members. as a body, in
accordance with the requirements of the Charities Act 2011, the Housing and
Regeneration Act 2008 and The accounting requirements for Registered Social
Landlords General Detemination (Wales) 2015. Our audit work ha5 been undertaken
50 that we might stste to the Charity's Trustees those matters we are required to state
to them in an auditorfs report and for no other purpose. To the fullest extent pemitted
by law, we do not accept or assume responsibility to anyone other than the Charity's
members as a body, for our audit work. for this report. or for the opinions we have
formed.
Haines Watts Wales LLP
Statutory Auditor
7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ
Date
1£ 7,21

HENRY BURTON ALMSHOUSE CHARITY
Statemènt of Compr•h•ngl•n In¢om¢
Fof tho y•ar end￿j 31st March 2024
2024
2023
Turno￿r
156.406
143 910
1133.4191
1140.378)
Op¢Ating surplu$
2.987
3532
Movement in law value of fyi￿81 Inslnm8nts
Inlerest ￿￿1¥able and wmilar Inccffie
Inleresl payth and smiL¥ thargos
96,198
18,216
11.036}
120.9911
16.397
11.0001
Surplus lor the year belore taxatlon
136,365
12.0621
Taxabon
Surplus for the year after taxati
136.365
Total Comprehenslve In¢ome forth ￿ar
136.365
I2.￿>
CONTINUING OPERATIONS
None ofth¥ assLKJabon's athwbes *ere acqwred or disrAJnbnuèd durffj U)8 ab￿ financial
years
Th& financlal 5fatwnents ￿re approved by the Tntstees ￿ 17th Juty 2024 *pre ¥ned on ils
by
Clerk to the Truste¢
Tom Broadhe•J
The notgs on pages 9 to 18 fomi part ofthe finanual stst8m•nts
12

HENRY BURTON ALMSHOUSE CHARITY
Stat•m•nt of Chang•s In R•s•r¥•s
For the year ended 31st March 2024
R•s•rvts
Exlr•owdlnary
Repalr
R•sttict•d
Unrestrict•d
R•w•nuo
Total
At 1st April 2023
Deficit trorn statement of ￿mpre￿n$[￿e Incryne
Tiansl•rs lo r&stnct8(1
805.320
533.636
136.365
(16.4671
1.338.956
136.365
18.467
Tiansler ol R8valuation on Restrthj sharns
98.198
{96.1981
At 31st March 2024
917.985
557.336
1.475.321
The use ol Ihe Extraordinary Repair Restr£led Reserve Is re5trKled by ttus sclwe toexpendlur• on
extiaoidinary repair. impro¥ern¢nt N rebu4th"TrJ of the Almshwses. The £917 985 value ofthe ￿Serve Is
reprèsart￿d by investrnents with a htstolic fAlSt of£201.621 aThJ an ￿￿altsed suWu5 on inbpstments of
£716.364 ofwhth a defiGt of £96.198 occurred In 202Y24.
13

HENRY BURTON ALMSHOUSE CHARITY
Statoment ol Flnandal Poskion
As at 3151 MaT¢h 2024
2024
2023
Flx•d As$¢ts
Buihling lrnprovernents
- gros5 Cost l•s$ depr•tsaion
324,709
324,709
340.538
340,538
In¥estrnents
1.171.985
1.496.694
1.059.320
1.399.858
Curyent assets
Debtors
Cash at Bank
5186
152288
157,474
173.001
179.301
Current liablitles
CrÈditors amounts faling due v*lJwn one year
Grants amounts falling due withn year
144 4331
114 581
159,0141
147,4271
14.581
162.Crf)8
10
120 287
95.466
Net current ass•ts
Tot￿ assets less current Ilabili1105
1.616.981
1,495.324
Non.¢urroni Ilabllill•s
drtors.. w￿unIS falkng due afttr n>Jrè than one yeai
Grants amounts I*1￿9 due after Ihan one year
10
10
10,8361
1130.8241
1141.e601
110.9631
145.4051
1156.3681
Pro¥lslons for Ilabllltles and charges
Net asset5
1.475.321
1.338.956
Capltal and R•s¢rv•$
Restncted ReseNe
Revenue Re5ewve
917,985
7.336
805.320
$33,636
1.475 321
1.338.956
The finar￿1 statements wtre apwved by rwstee 17th Juty 2024 and were svJned on lis b•ha¥ by
aerk lo lh8 Trustee
Torn &o&lhead
Th8 notes on pages 9 to 18 fomi partoftha fmarwial slatements.
14

HENRY BURTON ALMSHOUSE CHARITY
CASH FLOW STATEMENT
Yoar Ended 31 March 2024
12rn ended
31 Mar 2024
12m ended
31 Mar 2023
Note
Net cash Inflow from operaling activities
24.730
21.726
Returns on Inv•slmenl and sorvicing of finance
Interest paid
Interest received
Tax paid
Net cash inflowl(ouffiow) from returns on Investmènt ar
servicing of finance
{1.036)
18.216
{1.000)
16,397
17.180
15,397
Capital expendlturè and financial Investment
Purchase of inv8slments
)vemment granls received
Grants repaid
Purchase of components
Sale of investments
Sale of housing properties and fixed asset inveslments
(32,128)
(22.8951
(4,614)
15.661
(66.1641
51,702
Homebuy loans
Net cash Inflowl(outhow) from Invasting activities
121.081)
137.357)
Free cash Inflowl{outhowl before financlng
20.829
(234)
Financing
Housing loans received
Housing loans repaid
Frèè cash loufflow)finllow from financing
(116}
(116)
(105)
(105)
Incroasè in ¢a5h
20.713
(339}
15

HENRY BURTON ALMSHOUSE CHARrrY
RECONCILIATION OF THE OPERATING SURPLUS TO NET CASH INFLOW
FROM OPERATING ACTIVITIES
12m ended 12m ond•d
31 Mar 2024 31 Mar 2023
£'ooo
1 Qperaling surplus
Depreciab'on of tangible assets
Surplus on sale of assets
lincreaselldecrease in debtors
increaselldecreasel in creditors
Increase in sttxk
Non cash movement in penyon
Amrtisabon of grant
Net cash inflow fr(￿ operattrwj xliviiies
22,987
20,443
3,532
20.439
{1.114)
{3.LK15)
{157)
12,493
(14.581)
24.730
114,5811
21.726
RECONCILIATION OF NET CASH FLOW MOVEMENT TO MOVEMENT IN NET DEBT
12m ended 12m ended
31 Mar 2024 31 Mar 2023
£'ooo
£'ooo
2 (Decreaselllncrease in cash in the year
Cash inflow from changes in debt
Non cash mvement on debt
m0verr￿1 in nel debt in the FerK
20.713
116
(3391
105
20,829
(2341
Net debt at start ol year
141.209
141,443
Net debt al end of year
162,038
141.209
3 ANALYSIS OF CHANGES IN NET DEBT
31 Alar
2023
Cash flows
Non cash
31 Mar
2024
rooo
rooo
amendments
Cash in hand and al bank
152.288
152,288
20,713
20.713
173.001
173.001
Debt due in less than one year
Debt due in rnre than one year
{1161
(10.*31
111)
127
11271
(10,8361
Balance al end of year
141.209
20.829
162,038
10

HENRY BURTON ALMSHOUSE CHARITY
NOTES TO THE RNANCIAL STATEMEMTS
For Ihe year ended 31st March 2024
Prfndpal Ac¢¢wnllno Pollcl
Ball• of Actounilry
The financaal statement$ a￿ kvepare(l underthe h￿0￿1 ojst conv•il￿. except for tho inv•stm•nis which
are slated at open Ma￿et value The staternent5 are prepared in arxordance wlh appkablt finantsal
reportiNJ standarijs m the UTh￿￿ Kmgdom. I[￿￿dIng Slatement ol Recornmanded Practice for"Accounting
by Régisi•f8d Social Housing ProvbJe¥s" as wdaled in 2018 {SORP 20181 and oynply vAth the Ac£ountsNJ
ReqU1￿MentS for Soual Landl¢yds Regstered ￿ Wales Ge[￿al Detern￿at￿)n 2015.
Tumov¢r
Tumover cornpwises rent and seThkX chaffJes
Taxatlon
Henry Burlon Almshouse is regtster&J ¥￿th dMiitabl• siatus. h be￿fil5 from ￿rporalKIn tax exemptK)n5
availabk lo Charita￿e bod*s On ba$1$ that its adivii*s f81 *￿h1n rts chani*e purpo8e$ arkl its fuThJs are
¥JpIEd oThly for these purposes, no w)vigoD lor corporatw tsx is made
In￿StMentS
The invesmenls are mana9ed by professN)nal man*Jers. The portfokn) 1$ structu￿ to previde incom• to help
rneet the obJe(aNes of the charty. The in¥e5tmenl perfC￿n￿ 15 monrtored each >tar adjustmwt$ rnade
to corr•ctty refiect lh• euThent vabje n the acA￿￿ts.
Mortgagos
Mortgage bans are •Jvanwl by Nalk)n81 Weslmw)sler Bart Pk Markets a$ Fresh PLC uncler the
terms of Ind￿￿val rn0rt9age deeds in respect ol th• htyjsing scheme AdVan￿S a￿ availabk onty in respgct
ol Ihose devekJwllent5 which hav¢ be¢n wen •pprov4 Soo81 Hous¥YJ Grant by Ihe We4h Government
So¢lal Hou$lny Gr4nt
Social Housing Grants ISHGI are made by thè We15h Go%p￿en1 ￿ a￿ ull￿ed to redue• the amc*unt of
mortgage ban in respect of an approved scheme to the amounl il Is e5bmated can b¢ serviced by the
net annual incorn? gf Ihe stherne The amount of SHG i% catulated on the quabfyiThJ costs of the s(*eme in
accordan￿ wlh instrudions iss￿ frijn to tsm• by thè WtL8h Governm•)t The grant5 are paid direcl lo
the lending authorily aTrJ affj r•flèded in tht fmancaal slatements of the Assooation onlywh8n the payment has
been Tllade an¢J the relevant rnorlga9e k)an re¢luced. SHG L8 repayable undef certain uroJmstance6, primarily
folowing Ihe sale of a properly but w41 rLorynaly be ￿SIrb¢led 10 Mt woceeds of sa*.
Grants ￿CeIve(l in ￿laIN)n to H￿j$￿9 Proptrt*s are sh0kn￿ *ithffi ￿editOrS and disdosEd as Deferred Income
et of amortisalion. Grarts rKeived of a revenue nature we taken straightto the 8tatemenl of wnprehenswe
mcorne.
Grants he&J as deferred ￿Corne ale rel?ased over tl* usefil lrfe ofthe o)mw)nent to they relate.
accordance with the deprecitaM)n poky set tek)w.
Houslng propertie8 . fixed uset caphallsatlon and d•wrtlation
Oepreciation is ¢harged on the historic cost ol prop•ty c(¥rponent5. Granl ts allocated to the main strudurè ¢f
Ihe property as well as to other compon•nts. Thè dèprtt1ab￿ rnnt r& wntlen off over Ihe estimated useful
Ives from the date of wchasWbuibJ.
Fo*)wing thè implernentatti)n ol awxml¥vJ, ortain componen1¥ of re$thtial propert￿ wrth assèt
vés which are different to the main strucIu￿. or shell. ol Il¥Jse prope￿￿ have keen seperalely ￿antIfied for
depreciatlfm purposes. On replaeernent ol suth assets tke Or￿￿1 asset LS wnlltn off and the repL1￿ment
asset is caprtah*d and dèpreciated over its useful life. On impfementiivJ thang? in accounting policy Ihe
dtprètiaiion charges on al residentsal prcyertes have been reinslated as JI the polw had athys bo8n applit
replqcement ¢omp)nenls p￿yOUSty ￿lIten off as major iepair5 have teen wlaled as fixed assets and
compoDents whKh hav• ba•n I•￿&ced have been wnitten ori.
17

HENRY BURTON ALMSHOUSE CHARITY
NOTES TO THE FINANCIAL STATEMENTS
For thg year ended 31st March 2024
19. Cld. Depreryat￿ ￿ clwged on cost on è Stra￿h1 Ime basLS overthe expetsd useful ￿"fe a5 1011
Buildin9 structu￿ kss SHG
-%oncosi
Window￿000[5
Roots
Balhrooms
Krt¢hens
H•atino Syst•n
Boler
667
6.67
667
Hous￿9 propertes a￿ ￿r ￿Pa11ment on a traso Vine￿ there ￿ eviaen¢x oi Impairrneni.
opertyes are kn￿llen to imr value
Extraordlnary Repalr Restrl¢ted Reser¥•
The provisions of Iht Charity Ctynmisswjr Scheme reguiathJ Chanly state that a transler to this fund oul of
th• Inccwne of the Charty must be made and a CLYrespoFKl•w Investment made in aCCAJmulatb)n shares. Th
r•valuatw)n eknienl of these sha￿8 has been Inrjuded ￿SerVe gn￿ 1st A￿1 1999 to compty with the
Statement 01 Rèeommendecl Pi*tice Pl￿r lo this rt was ￿L￿￿ed In the investment revaiuat4on reserve The use
of the fund 15 restncled by thF s(*eme lo exp*ulrture on the extraordmary rèpair Improvement or reburfding of
the Aimshou5es
Bas1$ ot preparatlon
The fwntyal statèments have W ¢wared on a going c￿rTr bass The TrLLBt•e has rev*wed aThJ
onsKlered r8le¥ant Inform*i¢)n Ir¥*Klry the annual bi*l9el ￿ fvture cash fl¢**s m makry rts assessment
18

HENRY BURTON *LM8HOUSE CHARI
NOTES TO THE FINANCIAL STATEMENTS
For the year e￿je￿ 31$1 Math 2024
210) Turno¥•r, Op•rallng ¢o¥l$ •nd Op•rallng suwus
Fully rented housing accornrn¢>dallon
2023
Tumov•r Operaling Operatlng Tumo¥or Optrating Operallng
osts
Suvplus
Co$ts
Surplus
Sots'al housing Jèth"r@s (Notè 2lbll
1￿,4(6 1133 4191
22.987
143.910 {140 3781
3,532
156.4rfi 1133.4191
22 987
143.910 1140.3781
3,532
2 Ibl Income and expendllure from social housKng Ipmlngs
2024
2023
r*eds aThY
Olher soE¢l
sheliered SuppDrted hous￿ letbng
Jsing
Hou$w￿ in¢omè
To￿1
Total
Incomo
Rent receivab
Serwce charge$ Incon
Inco￿￿ for 5UPPOrt ser¥K8s
Other re￿nue grants
Amornsed Grant
131.289
10.S36
131.289
10.536
120,043
9.286
14.581
14.581
14.581
Turnover frc¥n soaal housin9 leltiTh
156.4C
156.406
143.910
Cost
Manageft￿nt fee
Serwce tharge costs
ROu1￿e maintenance
Major repai￿ exp8nditure
8ad dèbts
Depreciat*Jn of housing woFertes
Impairment of housing pr￿)ertIeS
Other cost5
37.558
15,526
49.752
281
37 S58
15 526
49.752
281
36,464
14,919
57,S74
3,960
1891
20.439
20.443
20 443
9.718
9.718
7.011
Op•ratln9 ¢0sts so¢l•l hou$ing •¢b¥*i
133,419
133.419
140.378
o￿l0￿rg su￿¥5 ￿ soc41 housin9 lelW$
22.987
22 987
3.$32
Rent loss due to vovts IrTEfTKyandurn rK>lel
552
552
3.751
19

HENRY BURTON ALMSHOUSE CHARITY
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31st March 2024
Operatlng surplus
2024
2023
The operating surplus is stated after charging:"
Depreciation
20,443
20.439
Bad Debt Provision
141
(89)
Auditors. remuneration
In their capacty as auditors
4,320
4,296
Interest receivable and similar income
2024
2023
Income from hire of communal hall
Income from listed investments
Income from building society account
Sundry Income
17.931
285
16,182
215
18,216
16,397
Interest payable and slmllar charges
2024
2023
On loans repayable in instslments
wholly or partly in more than five years
1,036
1,000

HENRY BURTON ALMSHOUSE CHARITY
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31st March 2024
6 Tangible Fixed Assets -
Building Improvements
2024
2023
Cost
At 1 April 2023
Component Additions
Componenl Disposals
At 31st March 2024
922.577
4,614
856,413
66,164
927,191
922,577
Depreciation
At 1 April 2023
Charge for year
Component Disposals
At 31 st March 2024
582,039
20,443
561,600
20.439
602.482
582,039
Net book value
At 31 st March 2024
324,709
340,538
Major works revenue items relating to existing housing stock £0
21

HENRY BURTON ALMSHOUSE CHARir
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31st Marth 2024
7 ￿￿ed Investments
MaG Charty
Muli Asset
Ac0￿7. ERF
M&G Charity
Multi Asset
Ac¢um. ERF
CO.IF
Accum. ERF
No.
C.O.l.F
ERF
Al 1st April 2023
Addit￿n$
tlsposals
Revaluation
377.048
1.343
144.590
(02)
115.661)
45,743
9.321
At 31st M3r¢h 2024
1,584
407,130
153,911
M&G Charty
Mulb Asset
In¢off
M&C Charty
Multi A5se¢
Income
C.O_l.F
C.0 l.F.
IrK0￿
No.
Al 1 st Apiil 2023
Adth'knons
thsposals
Revaluation
21.726
1.588
407.fffj7
32.128
128,464
114.744
37.160
2.043
At 31$1 March 2024
23.314
476.355
128.484
116,787
COl.F
Acujm CMF
No.
CO.IF
A¢¢un. CIAF
Total Listed
Investrnents
At 1 st April 2023
Addjlions
Disposals
Revaluation
15.871
At 1st Apnl 2023
Addthons
Disp05a15
Revaluats'c
1.059.320
32,128
115.6611
96,198
1,931
Al 31st March 2024
17.802
At 31st March 2024
1.171.985
Z024
2023
M&G Charity Muth. A55et Inco￿￿ Sh
M&G Charity MLltI Asset Ac￿nN￿at￿n Shares
COIF Income Shares
COIF AccLwllLAation Shares
9091 p
11.460.81 p
2.043.26 p
25.7C6.68 p
89.32 p
1D,766 74 p
1,673.66
22,917 11 p
Histofical ol Investwnts
£357,093
£340,626
22

HENRY BURTON ALMSHOUSE CHARITY
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31st March 2024
8 Debtors
2024
2023
Rent arrears
Less: bad debts provision
807
1.842
{953)
689
807
407
5.086
SeNice Charge Debtor
Prepayments and accrued income
4,497
6.300
5,186
9 Credltors: Amounts falling
due within one year
Prepayments of rent
Sundry creditors and accruals
Service Charge Creditor
Fresh PLC loan due within one year
2024
2023
9,788
34.518
11,407
35,512
392
116
127
44,433
47,427

HENRY BURTON ALMSHOUSE CHARITY
NOTES TO THE FINANCIAL STATEMENTS
For Ihe year ended 31 st Pkrch 2024
10 Credltors: Amounts falllng
due after morg than on• year
2024
2023
Housing loans
10.836
10,963
The loans advanced by Fresh PLC to finarKe the improvements to Ihe
Almshouses are secured by SEecrf￿ charges on the Char"Ws properties.
They are repayable as follows In bi-annual insuments over 30 and 60 years,
Interest being charged at V￿Ing fixed Interest rates ranging from 9.3759h to
9 875% per annum, the last instalments falling due be￿en 2018 and 2048.
2024
2023
One year or less
Betsveen one and year5
Be￿een th￿e arKI five years
In five years or more
127
139
703
9.994
116
127
458
10.378
10,963
11,079
Gross grant credltor
Al 1 Apnl 2023
Additsons during the year
Comwnenl dispDSals
At 31 March 2024
613.792
613.792
613.792
613,792
Am¢rtl$atlon
At 1 April 2023
Credit for the year
Component d￿￿salS
Al 31 Ma￿h 2024
453.8C6
14,581
439,225
14.581
468,387
453.8C
Net grant crodltor
Al 31 March 2024
Al 1 Aprd 2023
145,405
1599
159,986
174,567
Amounts falling due:
Within one year or less
8etMRen one and years
Betfften five years
In five years or more
In more than one year
Total grant credltor
14.581
14,581
43,743
72.500
130,824
145.405
14.581
14,581
43,743
87.081
145.405
159,986
11 Provlslons for liabllltles and charges
There are no provisb)ns for lialN"h'bes and charges required in the year (2023.. nil)
24

HENRY BURTON ALMSHOUSE CHARITY
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31st Mareh 2024
12 muM￿r of Unlts in Manag•m•nt
2024
No.
2023
No.
At beginnin9 and end ofyear
32
No. of units managed by other bodie5
NIL
NIL
13 R•glstratlon
The AlmshouiÈs are wi51wed with the Charity Commiss￿￿15 aThJ the Welsh Govemment
14 Social HI￿91n9 Grant
The total eumulalive amount ol Social Hwsrffj Granl recewed by the Association is
as folows".
2024
2023
Socol Hotssing Gr8nt
764224
764224
15 TruSt￿$￿1P
As the Managing Ag￿t, Meh'n Homes Limited tharged a total of£37 558 In
lees to Henry Burton Aknshouse Charty thJriNJ the current year to
31st March 202412023.. £36.4641. The￿ was a balance O￿n9 01 £28,838
as at 31st March 202412023.. £29.8871. In tolal mel￿ invoiced expendi￿re lotaling
£104.64S lo Henry Burton Aknshouse Chanty Iluring the cuiienl year to 3151
March 202412023'.£173,5701.
No remuneration was paid lo LThrfed for its rc4e a8 Ihe
trustee during the t)Jrrent year to 31st Marth 2024 or the pre¢odThJ yeai.
M$lN) Homes 8$ the sole trustee the ullwnate parent reSpOns￿tyf0r
Henry Burton ￿M$1￿u$¢$ Chanty.
16 Contingent Liabilities
As stated in the aCC￿nting Fdicies. sooal housing grarf is repayable n certain cjrcumslances and ther•for8 any
amounts V+Yitten off coukd bè liablè lor rèpay[￿ The 8mount lo date that the Assoaalion nw need lo repay
should thesè cir¢umslanGes arise i5 £527.827.

HENRY BURTON ALMSHOUSE CHARITY
NOTES TO THE STATEMENT OF COMPREHENSIVE INCIJME ACCOUNT
For the year ended 31st March 2024
Not¢•
2024
2023
Income
Tvrnovèr
156 4L
143.910
156 4r
143.910
Operating costs
Managemtnt fɕ
Water Rates
Oay to day rèpairn
Major Ropairs
Service costs
Cyclical maint￿ar¢O
Bad debts
Depreu8tion
5Ufanee
Audrt fee
Lègal F8•s
Sub5cnpt￿nS
Ad￿rtIs,￿j
Minor Scheme Inventory <£1
Sundry Charges
37.$58
36.464
49.752
281
15.526
57.6D2
3.960
14.919
72
1891
20.439
2.280
4,296
20.443
2.324
2441
541
315
120
133.419
140.378
Operat¥lg surpkn5
22.987
Intsr•st r•c•lvable and slmllar Income
Mis￿taneo￿ In￿e
Interest from investments
8ank & Building Society deposit Interesl
Sundry Income
17.931
285
16.182
215
18.216
16,397
41.203
19.929
Internst payable and slrnllareharys
11.036}
11.OCOI
Surplus for the year
40.167
18.929
Mo¥emont on tsir Val￿ of Fmonoai Instrunwnts 7
96.198
I20.￿1)
Surplus1 Ideficitl forlhe year
136.365
12.C621