REGISTERED NUMBER: 218578
REPORT AND ACCOLThTS
FOR THE YEAR ENDED Stll JLYUARY 2024

THE JANE HAYES cHAR￿V
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 5TH JANUARY 2024
The TTUSt¢es present their annual r¢port and finan¢ial staten]ents of the Qiwity for the year
ended 5 January 2024. The financial statements have been prepared in accordance with the
accounting policies set out in note I lo the accounts attd compEy with the Charity's trust deed,
Ibe chariti￿ Act 2011 and Accounting and R￿ortl[lE by c￿￿ritles'. Statement of Recommended
Practice applicable to charlties preparing their accounts in accordance with the Financial
Reportll￿ Standard applicable in the UK and Republic of IreLand published on 16 July 2014.
REFERENCE ALYD AJ)MINISTIL4TIVE DETAtLS OF ThE CHARrrY
The fiLII name of the charity 18 The Jane Hayes Charity, clwity regislralion number 218578.
Trustees
The following people have acted as tn]stees of ihe clwity during the year:
P J Streveus
Miss S E Wam
R M Temple
Jccook
Principal Address of the Charity
PO Box 339, Herefor& HR19LW
ProfessionAI Advisors - Bankers
Lloy(Ls Bank ple
6-8 High Street, Herefor4 HRI 2AE
STRUCTURE, GOVERNAL¥CE AND MAL¥AGEMEINT
Status And ConstithÉffion
The full [￿e of the cE￿ity is The JatLe Hayes Chatity, Charity registration number 218578.
It is governed by the will trnsl of Miss Jane Hayes deed 17 October 1927 and by the Chariti&s
Act 1960.
Recrnitment and Appoinlment of Trustees
The Truslces CODsidcr that, at thc prcscnt timc, there is no fi￿￿er requirement for any additional
Tr￿steeS. Suitable Trustees are appointed when a vacallcy arises from the recommendation of
the retiring TTUSt¢e and the forn]aI approval of the ren￿l￿g Tnjstees.
Trnstees Induction and Trailling
New Trustces are mad¢ fully aware of thc aims ar￿ objcctives olthe Charity.
OrganisatloDAI Strncture
The Charity is operated by ihe Tn￿lee5 al￿ has no paid eEnployees.
Risk Managemellt
The major risks to which tbe Cbarity is expose(L as identified by the Trustees, have been
reviewd and systems have been establish￿( to mitigate those risks.
Objectiyes and Acti￿￿e5
Under the provisions of the Will of Jane Hayes. who ditxi on 26 August 1927, a sum of
£10,000 was left on trust to provide almshouseg for ten wM)r persons reBident in the city or county
of Her¢ford.

THE JANE HAYES C￿(R[Ty
TRUSTEES, 11N￿AL REPORT
FOR THE YEAR ENDED 5TH JANUARY 2024
Objectives Ydnd Artivities (CODt'd)
The land was purchased and tbe alllLihouse8 constructed during 1929 and the properties were
occupied from September of that year. The almshouses are situated in Vicarage Road and
Green Street. Hereford.
Public Benefit
The main purpos¢ of th¢ Charity is to provide almshouse accommodation for len poor persons
who have been resident in the city of Hereford or its surroundJ]Jg county, Herefordshtre prior to
their appointment as a resident of the Charity.
During tbe year under review, ati ten of the almhouses have remainryl ￿¢upIed and the TDJstees
feel they have. therefore, complied with Section 4 of th¢ Charities Act 2006 published by
the CILarity ComrlliSSiOn.
Achievements and Perform&nce
The Trustees believe that the objectives of the Cbarity have been fulfilled during the year and
will continue to operate in this manner for the foreseeable futr.
The Trustees consider the perfornwice of the Charity during the year ended 5 January 2019
to hav¢ b¢¢n satisfactory.
Fin4n¢ial Review
For the yw ellded 5 Jalluary 2024, nct illCQmiDg resources amounted to £17,201
(2023.. outgoing resources £8,255). Net assets totalled £154.260 (2023: £137,059).
Details of the financial posltiotL of th¢ Charity are set out in the following a￿ounts.
Reserves Policy
The designated repair fimd is h¢ld to meet major rq)air expenditure on the properties. The
requirement for such e%penditure is illcvitably difficult to predict and there are periods such as
in the years to January 2003, 2009, 2011. 2013, 2017, 2018 and 2019, wherc signtfL¢anl levels of
outgoings were needeA. The tnstees feel tbat tbe balance eanicd forward on the designatcd
repair fund al 5 January 2024 is reasonable in tbe view of likely future comD]itments.
Due to the higb Level of rcpair work required in the year to 5 January 2017. the Trustees
pproved a transfer of fut￿lS totalling £5i,O(M) from thc unrestricted fimd to the desigllated fiwd.
Due lo the higb level of repair iiork required in the year to 5 January 2019, the Trustccs
approved a transfer of fijnds totalling £3i,000 from the uDregtrictcd fund to the designated fimd.
A balance of £121,522 (2023: £100,928) is ￿rrIed forward on the UDrcstricted fun(i This
is kvailable and adequate to fiLLfll the obligatiODs of tbc clwity. The stairs in the almshouse
properties cause difficulties for tbc less mobile ienants, and the building design Enakcs the
inslallalion of stair lifts difficult though not inwssible.
The TnLStees are aware that the main Toof of the cotnplex will need replacing in the near
future due to the age of the Atti]shouses. In the year to 5 January 2023. all the Alrnhouses
reccivcd an electrical inpsection w'hich Tcvca]cd that the electrics require full replacement.

THE JANE HAYES CHARITY
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED SIH JAIYUARY 2024
Reserves Policy (Collt'd)
Tbe Trust intends to bring each property upto full ¢l¢ctrical rcquirem￿lS as each ain￿hOuse
is vAcated. During the period under review No I I ha5 now been electrically rewired. Nos 3,
l3, and 98 were rewired in the year lo 5th January 2023.
Illvestment Policy
Investments are made through the National Association of AlD￿hOuSeS Common Investment
Fund, with a view to achieving low risk retUTn on both income and capital. While the
perfom]ance in the year reflects the difficult slock mrtel conditions prevailing over the period.
good investment retLfftlS bave been achieved over a IoDg period of review.
Fixed Assets
The trustees are of the opinion Ihal the ll)arket value of th¢ Aln]shouses and land owned
by the charity is substantially in excess of the historiul cost shown on t￿ balance sheet.
Plaus for Future Periods
The ar¢ no n)ajor changes envi8aged to the management of the Clwity.
Statemellt of Trn5tee5 Responsibilities
The trustees are responsible for prcpanng th¢ Report of the Trustees and the fllwicial
slalements in accordance with applicabl¢ law and Lnited Kingdom Accounting Standards
(United Kingdom Generally A¢cepted Accoutttints Praeuce).
Th¢ law applicable lo cbarilies ill England al￿ Wales, the Cl]arities Act 201 I, Charity (Accounts
and Reports) Regulations 2008 and the provisiot]s of the tllLSt deed requires the trust¢¢s to
prepare flnancial statements for eacb fLtMncial year which Eive a true and fair view of the state
of affairs of the charity atLd of the incoining resources and application of resources. including
income arkd expenditure. of the Charity for that pcriiKL Jn preparing thesc finarLcial statements,
the trustees ￿ rgquired 10:
- select suitable accounting policies and thcn apply them consistently.
- obseTre tbe n￿od8 and principles itl the Charity SORP.
- make judgemcnts alld estimaies that are reasonable and pn￿ent.
- prepare the fir)ancial slatements on the going concem basis unless it is
inappropri8te to pr&%ume that the charity will continue in business.
The trustees are responsible for keeping proper accounting rwrds which disclose wilh
rtrasonable accuracy al any titne, the financial position of the charity and to enabl¢ Ihcm to
ensure that thc financial statements comply Thith the Charities Ac¢ 2011. the Charity
(Accounts alld Reports) Regulations 2008 and the provisions of the trust deed. They are also
responsible for oafeguardillg the assets of the charitv bence for taking reasonable steps for
the prei'ention an
detection of fraud atLd other l￿egUlarl[leS.
Approved b
bcha
er of the bo
and sipwl on its
PJStr
vens -
rustee.

THE JthE HAYES CHARrrY
STATEMEI¥4T OF FIN￿NcIAL AcfivITIES
FOR THE YEAR ENDED 5TH JANLARY 2024
2024
Total
Funds
2023
Total
Funds
unrestrict￿ Restricted Endowment
Fund
Fund
Fund
Income and Elldowments from:
Charitable activities:
Contributions from Almspeople
G¥sden rents
Li¢en¢e fee
tnvestmenls
Dividcllds and int¢r¢st
Bank interest
TOTAL INCOLWIE
46.564
265
30
46,564
265
30
35.096
245
30
1.963
59
48,881
2.851
4,814
59
51,732
4,571
2.851
39,943
Expenditure on:
CkLaritabl¢ activities:
Water rates and councll tax
Insurance
General repairs
Major repairs
Ga8 and electricity
Expenses r¢ allotments
Void rents
Other:
Secretary's expenses
Accountancy and professional
fe
8.313
1249
8,313
1.249
2,401
5,455
18,243
6.882
1,178
4,182
11,982
23,933
2,401
5,455
18,243
607
607
710
300
343
128
?9.183
300
343
128
37.039
300
196
130
49,493
Subscriptions
Sundry exp¢nscs
TOTAL ExPE￿SEs
7.856
Net gaIn￿(lOSSeS} on
investments
896
1,612
2,508
1,295
Net incom￿(exPenditllre)
20.594
(3,393)
17,201
(8,255)
Trnllsfer5 between fuuds
Net movement in funds
20.594
(3.393)
17201
{8,255)
Reconciliation of funds:
Funds brought fonvard at
6 January 2023
FutL(L8 carried forward al
5 January 2024
100.928
25.081
11.050
137,059
145,314
121,5?2
21,688
11.050
154,260
137,059

THE JANE HAYES CHARITY
BALANCE SHEET
AS AT S JMIIARY 2024
2024
2023
ote
Flxed Assets
Tangible assets
11.050
11,050
tnvestrtLcnts
125,160
118,217
Total fixed assets
136,210
129,267
Current Assets
Debtors Prepa￿ellts
566
546
Cash at bank and in hand
23,911
13,319
24.477
13,865
Current Liabilities
Creditors: an￿lln[S falling due within one
year..
Crcditors and a￿ual$
6.427
6,073
Net current assetslOiabiJities)
18,050
7,792
Total net #SS¢tslOiabiiities)
154,?60
137,059
The funds of tbe charity:
Endowment fwid
Restricted fund
Unrestricted fimd
11,050
?1,688
121.522
11,050
25,081
100,928
Total ¢hArit)' funds
J 54,260
137,059
The accounts Oll pages 4 to 10 were approved by thc Trustces and authorised for issue ott
and signcd on their bei￿lf by:
- Trustee
TeEnple- Trus
Miss S Wam- Trustcc
ook- Trustcc

THE JATraE HAYES CHARIrY
CASH FLOW STATEMEf+rr
FOR THE YEAR ENDED STH JANLARY 2024
2024
2023
Cash flows from operating activitie8:
Cash received from rents and other income
Re￿llds rtteived from 8uppLiers
48,598
34,353
48.598
(38,386)
10.212
34,353
(48,200)
(13,847)
Payments lo supplierj
Net ea5h provided byl(used in) operlting activities
Casb floivs from investinE actlvfitfie%:
Dividends and interesi from investtnents
Purchases of investtuenis
Proceeds from sales of Invcstn￿its
Net CAsh provided b}"/(used ia) Anvestlllg activitiey
378
348
8,000
8,348
378
Change ill cash and cash equivalents in the year
10,591
(5,497)
Caskn and cash equivalcnts at 6 January 2023
13,319
18.816
Casb and cash equivthlents at 5 Jglluary 2024
23,911
13,319
RECONCILIATION OF CASH FLOWS FROM OPERATING ACTIVITIES
Net income/(expenditttre) for the year
17,201
{8,255)
Adjustm¢nts fot:
(Gains)Ilosses on investments
Dividends received from investmcDts
Purchase of invcstD]cnts
Salcs of illvestments
(Increase)ideerease in debtors
IncTeaseJ(decrease) in crcditors
(2,508)
(4,436)
(1,295)
(4,222)
8,000
(49)
324
(5,497)
(20)
354
10,591
ANALYSIS OF CASH ALYD CASH EQLU, VALENTS
Ca8h in hand- current account
Cash in hand- instant aocess dew)sit account
12,678
11,233
9,145
4,174
23,911
13,319

NOTES TO THE ACCOU￿[S
FOR THE YEAR ENDED STU JANUARY 2024
Principal Accoullting polieies
Basis of accountlllg
The accounts have been prepard under the bistorical cost accoiinting convention and
in accordance with the Statement of Recommended Prdctice: Accounting and Rq>orting
by Chan'ties preparing their accounts in accordance with the Financial Reporting Standard
applicable in tbe iJK and Republic of Ireland (FRS 102> issucd on 16 July 2014 and thc
Charities Act 2011 And applicable regulations, exccpt for iavestmenls which ￿e stated
at market value.
Th¢ Charity ￿nstitUteS a pubtic benefit clltity as defined by FRS 102.
The TrLLStees consider that there are no tnaterial uncertainties about the Charity's
ability to continue as a going concern. With respxt to the n¢xt rqx>rting period, 2023-18,
the most signifLcatit arca of uncertainly I￿￿1¢h affec(s thc carrying value of assets held
by thc Charity is the Eevel of investment return and the perfornwice of investment
mart(¢ts (see the itivcstmeDt poli￿ and perfortllance and risk nwllgemcnt S￿tionS of Ihe
Trustccs alltLual report for more inforn]2tion.)
Fixed assets
Fixed assets comprise the Alnthou5es in Vicarage Road and Green Street. These assets
are included at cost and no depreciation is pn)vided oll these properties.
The Trustres have given due consideration to the need to rewaluc the Almshouses lo
their market Tralue at the balance sheet dale arnd have agrced that th¢ current historical c08t
vatuation still provides a true and fair vicw ofthe Charli￿S financial positioa.
Incoming re50ur¢es
All incoming rcsourees are itLcludal in the Statement of Financial Acliffttics when the Charity
is legally eTktitled to the income and the amowit can be quanlifled witb reasonable accuracy.
For legacies. entitlement is the eartier of the being notified of an impending
distribuiion or thc legacy being received.
Re$ource5 expended
All expenditure is accounted for on an accruals basis alld has been included under the
expense categories that aggregate all costs for alltKation to acti￿lties. Where costs
cannot be directly attributed to particular activities they have been allocated on a basis
consistent with the use of th¢ resources.
Fundraising eosts are those iDcurred ID seeking i'oluntary contribLttiOllS and do not include
ttLe costs of disseminalAng infornmtton in support of ttLe charitable activities. Support costs
are those costs iticurred directlv irL SLWPOrt of expendimre on objects of thc charity and
include project rllanagement Carried out at Headquarters. GovernatLce wsts are those
incurred in connection witb the administration of thc cbarity and comptiallcc with
constitutional statutory rcquirements.

THE JANE HAYES CIIARITY
NOTES TO THE ACCOLwrs
FOR THE YEAR ENDED 5TH JANUARY 2024
Principal Accowiting policies (¢ODt'd)
Fixed Asset investmellts
Listed investments have been stated at market value at the balance sheet date. Realised
gains and losses are calculated as thc difference between sales proceub and mrtct value
at the previous balance sheet date. LTnrealised gains and losses are accounted for on
revaluation of itivestments at 5 January each year.
Fund5 Structure
The Chariiy bas a single perr￿gnettI endowtnent fund which COllSiSt of the Altnshouses
and land at Vicarage RO&￿ Hereford.
There is also a restrithed f￿d which is held as a repairs fund for the properties and
consists of accumulation sbares held in the National Association of A]mshouses
Common Investsllent Ful￿.
The unrestricted fimd compri5e5 those funds whicb the Trustees are free to U8e for
any purpose in furtherdllce of the charitable objects.
Further details of each fimd are disclos￿ in note 8 to the accounts
Realised gains and losses
Ail gains arLd losses are taken to the Statement of FiDancial Actiiryties as they arise.
R¢alis¢d gains and losses otL inveslmenls are calculated a5 the difference between sales
proceeds and their opening wrying value. Unrcalised gains and losses are calculated
as the difference betweell the markct i'alue ai ihe beginninu atld end of the period.
Realisaj and UDreaLised inv¢sLtneni gains and losses are cornbined in the stat￿nellt
of Financial Activities.
Trustees expen$e5 and remuneration
The tr￿teeS aLI gve freely their timc and expertis¢ without any forn] of renwnerntion
or other b¢tLefit in cash or Find {2023: £nil).
Thcre were no employees during the cu￿ent or previous ycar.
Major repalrs
2024
2023
Electrical rewiring No I I
Redecorating No 3
Tree ivork at the Almshouses
Replace toilet No 96
Replace ma¢cTator No 13
Flu￿bIllg works _ No 98
1815
8.270
1,620
1,600
492
1,152
1.488
5.455
3,712

THE JANE IL4YES CHARrrY
NOTES TO THE ACCOUNTS
FOR THE TrE4R EIWED 5TH JLNUARY 2024
Accountfdncy and professional fees
2024
2023
AccoutLtancy fees
Independent examine￿ fee
150
150
150
150
300
3(K)
All￿ated between fi￿ds.
Ullrestricted funds
Restricted fimd
300
300
300
300
2024
2023
l Quoted tnvestmellls
Market value at 6 January 2023
Reinvestment of dividend income
Additions
Disposals
Net realis¢d investment gain
N¢1 unrealised investment gairL,'(loss)
Market value at S JAnuary 2024
118,217
4,436
120.700
4,222
(8.000)
7,023
(5,728)
118,217
2,507
125,160
Historical cost at S Jthttuary 2024
22,126
22,126
The inyestnwnts ￿mPriSe Naliollal kn¢Kiation of Almshouscs Cotrjnmm Investment
Fund Share8. Thcse include a holding in Accumulation Shares with a rn￿ket
value of £116.208 forming 91.850/9 of thc market value of the portfolio.
Dividends receivcd in relation to the National Association of AIms1￿u8¢S Common
Investment Fund Accumulation Sbares are reinvested in to the Holding on the date
of ￿eLpl.
2024
2023
DebtOT5 prepydyments
Debtors
Prcpayments
566
566
All debtors and prepaynlents related to unrestricted funds in both 2024 and 2023
546
546

THE JANE HAYES CHARITY
NOTES TO THE ACCOUNTS
FOR THE YEAR EIIDED 5TH JANUARY 2024
2024
2023
Creditors: arnoun15 failing due within one year
liepairs to aimshouses
Independeni exatninos fee
Major repairs
Ac£ounlancy fe¢s
Light and heat aCcn￿l
Rents received iti advance
120
150
1,600
150
2,133
1,920
6,073
150
150
2,526
3.601
6,427
CTedilors of £Nil related to the restrict￿ fund in 2024 (2023. £1,600).
An41y8is of charitable funds
UDr¢stricled Restrict￿ Endowlllellt
Fund
Fund
Fund
Total
Funds
Opening al
6 January 2023
Income
Expenditure
Tran8feL¥
Gaitis,
(losses)
At 5 January 2024
100,928
25,081
48,881
2.85 I
(29.183) (7,856)
11.050
137,059
51,732
{37.039)
896
121.522
1.612
21,688
2,508
154,260
a) The UnreStrl￿ed fund is availabEe to be spent for any of th¢ purposes of the charity.
b} The restri¢t¢d fund is held as a repairs reSe￿e foT the properties and consists of
Accumulation Shares held in the National Association of AJms1￿uScs CoD]mon IllVeStn￿
Fund.
c) The endowment fund CODSiSts of AlmSho￿8eS and land at Vicarage Road, Hueford.
-io-

'I'HL JANI,: 14A YI,;$ CHARI'I'Y
FOR T14F. Yr,AR ENIILD S1'II.IANLIAIII' 21124
In(leiTreiiilenl ex¥miner's rL'pihrt ID Ilie Iruslees olTlie Jxne Ilayos C."hMril)'
I report oli 111e iccoiiiits of I"he .laiie Hay¢s Cliarily. eliiii'il>- iiiini1￿1. ?18576. 14)I' IIIL }'edf Lll(le(l S
Janiiary ?0?4. whicli are set oiil on pages 4 to l O.
Ile.8iitettTre responsibiliti￿ of ti'iistees #n(1 eiaiiiinei.
A% 1STrL Lliarily IriisleLS ol- Ilie 1'rii.sl yoii .Ii'e re.*POI-.Sl?le for Ihe pi'epai'aiiibll l)1'1S?e £aLcouiIL4 111
Iccol'dance ivitli I hL' Ir4iJirL'nieiit% ofilie Ch21 l'ilies Aci ?{) I I I'il)e Acl. l.
I repori in r¢speLI of Iny examTiiation uf the -frtlSl"4 acci)Iiiil% Larriecl i)Lil ijiiilii. SLcliiiii 14.) i)I' Ilie 111 I I
Act lid in carryiiig QLII ITI), exaiiiiiicltion I hai'e lolloii'ed all Ihc dl)plicahle Dii'L'cIioiits i)ji'¢11 b! Ilie
Cli￿21-Ity Coinniission Liiide)- seetioii 145{5l(b) of tlie Ail.
In(lepc'n(lent examiner's staiemenl
I Ii'ive ¢onipleiiil Iny ex11 11)inaiioii. I cDnfiriii tli¢ll no iiialerial maiteis Iiave Come to 1l1S' cillentiDlI in
coiin¢¢tioii will.. the exainii)¢ilioii biiviiig nie caiise to believe tIilL t iii any material respect..
l. Acci)Iiiil in&F Irci)I'ds Mllei'e IJOE k¢pl iii I'especl u1- tlic l-r1151 as rcquii'ed b>. sectioii l JO i)l-IhL ALL.. iir
2. Iht a¢ci)uiits (.0 Iiot .IL¢ord wilh (Iiose r￿CordS. oi.
3. Iliv kliCDUlits do not Comply with Ili¢ p.pplicable I'eqiiirvvnenls L(?ncLrniiii? tlie foriii aiid eoiirenl ot
a¢tyoiiiits sel out iii ihe Cliai'iiies (Aecouiits ai)d Rcportsl Regulalions 2008 oiher thali Riiy requireiiient
Il)Iit tlie ELCCOilliiS &yive a "ti'ue (1nd fair view which is nol a Inall¢r considered tl5 Pclrt of an ii)depeiidLIii
exÉiininkilian.
I liave iio concerns and li¢iwe Loine aiross no othei. m.ItlLrs in coiinL¥lioii H-illi rl)e ex￿111[11al lun iij li IIILII
,1tILiition shoiild be di'awn in this report in order lo eii#E>l¢ a pi-opei- undei'siiindiiig of tlie acL'(Iui)l% ID b¢
I'ettihed.