SEVERN AU4SHOUSES TRusr
{REGISTERED CHARtrY NO: 218540)
FINANCIAL sfATEMENTS
FOR THE YEAR ENDED
31ST DECEMBER 2025

SEVERN ALMSHOUSES TRusr
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2025
CONTEKrs
Page
Tnjstees, Report
ststement of Tnjstees. Responslbilittes
Accountants, Rewrt
Balan￿ Sheet
Notes to the Financial Ststements
8-11
Income and Expendittjre Account
12

SEVERN ALMSHOUSES TRusr
TRusfEES' REPORT
YEAR ENDED 31ST DECEMBER 2025
The Sevem AIms￿U5eS Trust is a tharity and is registered with the Chaiity Commlsslon
(Charity no. 218540).
The original four properties were built in 1927, on land formety owned by the Buttedey
Company ￿rnited and purchased by Frankjin Sevem. The Trust Deed prO￿ded for the four
properb&s to be let to.￿Or people in the District of Codnrf. In 1980, four ￿rther
properbes were built at the rear of the origlnal buildings.
Tte Trust is a s(Ktal larKllord registere(I wtth the Regulator of Social HOu￿ng.
The Charlty Is administered by a Board of TnLStees, who gtve their time voluntsrily. They
normally meet three tim￿ per year to ensure that the Trust s managed in an effective
manner.
The current Trustees are:
Mr Chris Emrnas-williams
Mrs Jane Brtdges
Mrs Jill Sharp
Mr Mick Neale
Mrs Eileen Hamilton
- Councillor (Amber Valley Eorough Counal & Codnor Parish)
- Codnor Methc*Jist Church
- Church of England (St. James, Qosshill)
- C(Klnor Parish Counal
- Councillor (Heanor & Loscoe Town Council)
The day to day administration of the Trust is carried out by aerktrreasurer - Chrfs
Slaymaker.
Objectives and Acttvltles
The d￿rity maintains 8 tKopertie5 which provfde hOU￿ng for residents of Codnor who are
aged 60 or over and who are in housing need.
Two properties have become available during the year and, following wort( to update the
properties, two new residents have b￿n welcomed to the Ajmshouses. The residents
receive regular wsits from the Trustees Induding delivering Christrnas gifts.
During the year ended 31st D￿ember 2025 improvementslrepalrs to the propaties have
included:
All boilers have been Servi￿ and Safety Certificates provided
Redecoration of two propertles
Installation of walk4n shower
Roof repairs
Ceiling repair
Upgrading of outdoor lighting
New tarmac pathways around all properties

SEVERN ALMSHOUSES TRusr
TRUSTEES. REPORT - continued
YEAR ENDED 31sr DECEMBER 2025
The Trust Is financially sound and repairs to the prOpWti￿ are carried out promptly.
The aedrffreasurer prepares a ￿r￿nUal Statement for eath Trustees, Meeting.
The Quinquennial Re￿¢ publtshed in 2022, has conifnued to inforn the Trustees regarding
ongoing rna1ntenan￿ of the properties.
Trustees have app￿Ved an ukKIat￿ Complaints Policy vthich has been distributed to all
residents.
Future expendltu
The Trustees have disomd:
Installation of solar pandling
Replacing the current b)iler5 wilh ground source heat pumps
The refurbishment of any propty as and Wh￿ Me i￿)meS vacant
Provision of Christsmas lighting to the ￿]tsIde of the proFerbes
Commission a survey of the condttion of roofing to all propertles
To the best of the Trusteeg knowledge, all statutory and legal rEquirements of Sevem
Almshouses Trust have been fulfilled.
By order of the Board of Trustees
Mick Neale
Chalr of Trustees

SEVERN ALMSHOUSES TRusr
srATEMENT OF TRusfEES' RESPONSIBILrrxES
Homes England and Charity leglslatfon requlre the Trustees to wepare Flnancial Ststements
for each finanaal year whlch give a tNe and falr vlew of ￿ state of affairs of the Prtvate
Registered Promder of Soaal Houslng and of the Su￿uS or deficit for that pw1od. In preparlng
these flnandal Statements, the Trustees are requlred to:
Select suitsble accounting pollaes and then apply them con5iStently;
Make Judgements and estlmates that are reasonable and prudent;
State whether appllcable accountlng standards have been followed, subject to any
rnaterlal depariures dlsclosed and explalrEd In the financlal stateM￿ts. and
Prepare the flnancial siatements on the going corttm basls unless it is inappropriate
to presume that the Private Register￿ Provider of gxlal Housing will continue in
business.
The Trustees are reSp(Yfjlb￿ for k￿p1￿j prw accounting records which disdose wlth
reaSona￿e accuracy at ary bme the finarK?al tN)sition of the Prlvate Registered Provlder of
Social Houslng and enable it to emsure that the flnarmial statements comply wlih the provisions
withln the Housing and Regeneration Aci 2(M18 and the Accounting Direction Private
Registrred Providers of Social Housing 2019. They have general restK)nsibility for tsknr
reasonable steps to safeguard the assets of the fvivate Reglstered Pmvlts of ￿la1 Housing
and to prevent and detect ftaud and other Irregukirtu

ACCOUNTANT'S REPORT TO THE IRusfEES ON THE UNAUDrrED ACCOUNTS OF
SEVERN ALMSHOUSES TRUST
We rewrt on the accounts for the year ended 3tst DecemL*r 2025 set out on pages 6 to 12.
Respective respOn￿bIlitieS of the Tntstees and rep￿tIng acmuntant
The Trustees of the Prlvate Registered Provits of ￿al Housing are resp)nsible ft)r the
preparation of the accounts, and they c(￿sIder that the Private Registered Provider of Sodal
Housing15 exempt from an audit Itls our re5porsibillty to carry wt procedures designed to
enable us to report our opinion.
Basis of Opinion
Our work was conducted in accordan￿ ￿ryth the Statement of Standards for Rewrtlng
Accountsnts and so our procedures cOr￿lSted of comparing the accounts wlth the accounting
records kept by the Private Registered Provider of Soclal Housing and rna￿ng such Ilmited
enquiries of the Trust￿ of the Prfvate Registered Provider of Sbcial Houslng as we considered
necessary for the puryx)* of this repoL These procedures wovide the only assuratKe
expressed in our oplnlon.
Oplnlon
In our opinion:
the Income and Expendthre Aco)unt and Balan￿ Sheet for year ended 31st De￿mber
2025 are in accordan￿ the accounting reo)rds kept by the Private Registered Provlder
of &)dal Houslng under section 135(2)(a) of H(xJslng and Regeneration Act 2008;
On the basls of the infrjrniation contalned In the accounting records:
The IncorrE and Expenditure Account and Balan￿ Sheet comply ￿ the
requirements of the Charitles Att 2011.
The Prwate Registered Provlder of Social Housing has satisfied the conditions
for exemptlon from an audit of the accounts for the year ended 31st De￿mber
2025 as specified in secbon 136(3) of the Housing and Regeneratlon Art 2008;

ACCOUNTANfs REPORT TO THE TRusfEES ON THE UNAUDrrED Accoupifs OF
SEVERN AL14SHOUSES TRusr
Continued...
Oplnlon (continued)
The accounts comply wlth the requirements of the Houslng and Regene￿tIOn ALt 2008
and the Accountlng tirectlon for Prlvate R￿J￿Stered Promders of Soaal Houslng 2019.
Mabe Allen LLP
Chartered ACC￿n(3nts
Croft House
3 Derby Road
Ripley
Derbyshire
DE5 3EA
(o (
Date

SEVERN ALMSHOUSES TRusr
BALANCE SHEEf AT 31sr DECEMBER 2025
2024
18,211
Freehold Housing, L7nd arKI Bulldings
(8)
18,211
347,909
M & G Investments
367,728
385,939
CURRErir ASSErs
1,324
PayTrEnts in advan
986
10,924
Cash at Bank
13.189
Credltors: AM￿nts falling due within one year:
{1154)
Accnkils
(1280)
Other ¢Jedltors
(220)
2154
10,094
NEf CURRErir ASSErs
11ffi75
376 214
TOTAL ASSEfs LESS CURREltr UABILrrIES
CAprrAL AND RESERVES
329,122
t*slgnated Reserves
(9)
344,881
47,092
Income and Expendlture Account
52,733

SEVERII ALMSHOUSES TRusr
BALANCE SHEET AT 315r DECEMBER 2025
C0n￿nUed...
The Trustees are satisfied that the Charfty was entiued to exemption under sectlon 136(3) of
the Housing and Regenerauon Att 21X)8 and that nether the Trust￿ nor the Homes &
Cornmunities Agency have required an audlt In accordan￿ with the ACL
Ihe Tntstees acknoKrfedge their reS￿nSIbIlitieS ft)r:
ensuriThJ that the Charity keeps accountlng recorts in accordan￿ wlth Sodal Housing
and Charity legislation. and
preparing aCC￿nts whlch glve a t￿￿ and fair VIe￿ of the slate of afFdirs of the Prlvate
Registere{] Provider of &xial H￿￿ng as at the end of the 11nandal year and of its
surplus or deficit for the finanaal year In accordan￿ with the requirements of thls Act
relating to accounts, 50 far as appilcable to the PrNate Regi%tered Provlder.
The flnanclal statements have been prepared in aCOxdan￿ wlth the requirements of 5ectson
135 of the HOu￿ng and Regeneration Act 2CMJ8 and the Accounting Dirertlon for Prlvate
Registered Prowders of ScMJal Housing 2019.
These finanaal statements were apwoved and authorised for issue by the Tru51ees
On behalf of the Board of Trustees
Mick Neale
Chris Emmas-williams

SEVERN ALMSHOUSES TRusr
NOTES TO THE FINANCIAL STATEMEKrs
FOR THE YEAR ENDED 31ST DECEMBER 2025
i)
PIUNCIPAL AccoufiTING pouaES
The Finanaal Statements have been prepared in accordance wlth applicable Accounting
Standards in the United Kingdom induding the Ststement of Recommended Practice.
The accountlng pdiaes of the charity are set out below:
Bass of
The Financial Ststements are prepared on the histoiical cost basis of
accounting.
Tur
Represents social housirKJ income receivable from tenarts.
Housin
rtles
All assets are Initially recorded at C05L
Other
rants received
GtBnts received relating to ￿enue expendTbJre are credlted to the Income &
Expenditure Account in the year when such monies are received. Grants
received relating to captsl items are credited to the Balance Sheet in the year
of receipt against the applicable asseL
dical Re
airs and Maint
The Charity ha5 establlshed a regular prO9￿mMe of cyclical repairs and
maintenance. Costs are charged to the Income & Expenditure Account in the
year in which they are incurred.
ordina
airs
Costs of Extraordinary Repairs, Unl￿ representing improvements to the
properties, are charged to the Income & Expenditure Account in the year in
which they are incurred.
C clical Re
airs and Maintenantr Reserve
This reserve represents amounts set aside for cydi&il MaIntenan￿ costs in
excess of budgeted ex￿￿lture for any year.
orRe
airs Re5eNe
This Revenue Reserve represents amouiits set asde to cary wt major repalrs
on the charitys social h(Kssng properties.
Charitable Fund Pr
ReseNe
This represents that proportion of the cost of properties whlch was finan￿d by
charitable donations and the tharitys own resources. The charitsble Fund
Property ReseNe also indudos depreciation equal to loan repayments provid
In previou5 years.
Value Added Ta
The Charity is not registered for Value Added Tax. In these Financlal
Statements, where applicable. expenditure is shown inclU￿e of VAT.
Fixed
Investments
Investsnents have been valued at maFket prices at 31st December 2025.
Account is taken of unrealised gains atKI losses in the Income and Expenditure
Account.
Investment Income
Invesbnent income is recognised when th income is recelved.
b)
d)
g)
h)
i)
k)

SEVERN ALMSHOUSES TRusr
NOTES TO THE FINANCIAL STATEMEKrs
FOR THE YEAR ENDED 315r DECEMBER 2025
2. SOCXAL HOUSING OPERATING cosrs
2024
Notes
2025
Housin
AccommcKJation
Services
ement
Routine maintenan
8 Units
776
3. SERVICES
2024
Notes
2025
1,762
476
Rates & water
Light & heat
1,622
4. MANAGEMENT
Notes
2025
Treasurerfs Honorariutn
Insuran
Accounta
Subscri
tions & similar f*$
Sund
nses
Bank ￿a
997
280
970
273
60
414
35
5. RoiifINE MAINTENANCE
2024
Notes
2025
clical re
Ma
Garden u
airs

SEVERN ALMSHOUSES TRUST
NOTES TO THE FINANCIAL sfATEMEKrs
FOR THE YEAR ENDED 31ST DECEMBER 2025
6. INTEREST RECEIVED AND SIMILAR INCOME
2024
Notes
18
13,227
14
Bank Deposit Account
M & G Accumulation Accourt
M & G Income Account
13,915
7. TAXATION
The Sevem Almshouses T￿st is a Reglstered Charity and is therefore exempt
from Ilabllity to taxation on its Income and capttsl gains.
8. FREEHOLD SOCIAL HOUSING LAND AND BUILDINGS
At Cost:
8 Houses, Nottingham Road, CLxdnor. Ilpley, Derbyshire
9. DESIGNATED RESERVES
Totsl
Cydical Repalrs
& Maintenance
Reserve
3h97
Major Repairs
Balan
l Jan 2025
Trnnsfer from
Income &
Expenditure
Account
Transfer to
Inc(Mne &
Expenditu
Account
Balan
31.12.2025
329.122
325.625
53,290
53,290
(37,531)
(37,531)
io.
ACCOMMODATION IN MANAGEMEMr
The number of units of social ho￿ng accommodatron managed by the Charity as at
31st December 2025 amounted to eight (2024: ewJht).
11. MATERIAL INTEREsf OF TRusfEES
There were no contracts durirKJ, or at the year end, in vthich a Trustee was, or Is,
materially interested {2024: none).
io

SEVERN ALMSHOUSES TRUST
NOTES TO THE FINANCIAL sfATEMEKrs
FOR THE YEAR ENDED 31sr DECEMBER 2025
Opernting
Notes
INCOME AND EXPENDrnIRE
FROM LErrINGS
Social housing lettings
(Ib)
21,945
(2) {53,835)
OThER INCOME AND EXPENDITURE
Interest received and similar income
(6)
DEFIcrr BEFORE TAXATION
(17,975)
Taxation
(7)
Gain on fixed asset inveStme￿ts sold
1,475
Unrealised gain on investrnent
37,9(M)
TOTAL SURPLUS AFfER TAXATION
FOR THE PERIOD OF ACCOUNT
MOVEMEKf ON RESERVES
Income & Expenditure Account
Balance brought fo￿rd
1st January 2025
47,092
Surplus for the year
21,400
Transfers (to) I from Cydical Repairs &
maintenan￿ Reserve
(9)
Transfer to Mai)r Repair5 Reserve
(9) (53,290)
Transfer from Major Repairs R&serve
(9)
37,531
li

SEVERN ALMSHOUSES TRusr
INCOME AND EXPENDrnIRE AccouKr
FOR THE YEAR ENDED 31sr DECEMBER 2025
31.12.2025
31.12.2024
INCOME
Gross rents received
Investment income
21.945
13.915
22,880
13,259
35,860
36,139
GAIN ON DISPOSAL OF M &G UNrrs
1,475
37,335
36,168
EXPENDMIRE
Rates and water
Property InsurarKe
Heat & Ilght
Cyclical repairs
Major repairs
Garden upkeep
Sundry expenses
Treasurer's honorarium
Accountancy
Subsaiption
Bank charges
1,622
997
321
5,427
37,531
1608
414
1.500
1280
I,ioo
35
1,762
1,050
476
9,501
3,330
273
1,000
3,354
970
60
53,835
21,776
EXCESS OF EXPENDrnIRE OVER INCOM
UNDER TRUSTEES CONTROL
(16,500)
14,392
UNREAUSED GAINS ON M & G INVESfMEpirs
37,900
12,603
TOTAL SURPLUS FOR THE YEAR
21
12