REGISTERED CHARITY NUJtBER: 218578 THE JALYE HAYES CHARITY REPORT AND ACCOUNTS FOR THE YEAR ENDED 5TH JANUARY 2026 THE JANE HAYES CILwrY TRUSTF,FS' M71UAL IiEPORT FOR THE YEAR ENDED SfH JANLARY 2026 The Trustees presellt their antwal rq￿ and fina￿1￿ statallo￿ of the cbarity for ihc year LILd￿l 5 January 2026. The fjnwial stateuLatts hav¢ bcen PTq>ar&l in accordance with the a¢counting polici¢8 s& out in ￿te I to the accounts and wmply with the Charity's trust de61 th¢ ChaTities Aci 2011 and Acco￿lIng a￿1 Rqthing by Cljarities.. Stalftnent of R¢xoll]mended Practice applicable to Charities preparing their accounts in accorda￿¢ with the Fina￿la[ Rworting Standard applicable in the UK a]Ml Rq)ublic of Irdand published on 16 July 2014. REFEREIYCE AND ADMLNISTKITIVE DET AILS OF THE CHARffY The full name of the charity is The janeHaY￿ Charily. charity registration numbff 218578. Trustees The following pa)ple bave acted as of the cl￿rItY during the year". P J Sirevens Miss S E Wam R M Tanple J C C(x)k Principal Address of the ChArity PO Box 339, Hffeforc HRI 9LW ProfessiollAI Advisors- Ballkers Lloyits BaDk plc 6-8 High Stred. Hcrcford. HRI 2AE STRUCTURE, GOVERNANCE AThD.￿ANAGE￿NT ststus Constitutio The full name of the cljarity is The JaThe Haycs Charity, charity registrdtiotL llumbLT 218578. It is govcrlled by the will trust of Miss Jane Hayes deal 17 Odober 1927 aDd by thc C]kgritiey Art 1960. Recruitment and AppO1ntn￿nt of Trustees The Truslc£s consider that, at the prrsfflt tirr¢ there is no fith r￿]r&￿ent for auy additi(mal TrustCC5. Suiiable Truslees arc appoint￿ whcn a vacancy arist¥ from the r￿orn￿]endauOll of th¢ retiring Tn￿lee arLd the formal approval of thc ranaintng Trusla*. Tntstees Induction and Traillillg New Trusts are made fully aware olthe ain￿ obJ￿tIVeS of the Charity. Org&nisatioD81 Structure The Cbarity is operaid by the Trustees aNI bas no paid &nploytts. Risk Management The Enajor risks lo which the Charity 18 exporf as ideattified by the Tn￿le£s. have b revicwed systans have Gstablishaa to miligdte tIK)serisks. Objectives and Activities Under the provisions of the Will of Jane Hayes. who dial on 26 August 1927, a sum of £10,000 was Icft on trust lo provid¢ a]mshouscs for to) p(x)r p￿)ns rtsident in the city or county of Hereford. THE JAJYE HAYES CHARrrY TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 5TH JANUARY 2026 ObJectives And Activities {cont'd) The land was purchased and the 8]D￿housa8 constructal dwing 1929 at¥J the proputi¢8 were i)ccupieJ fro￿ September of that year. The alrrLshouses are situataj ill Vicarage Road and Green Street, Herefor Public Benefft The main purpose of the Chority ts lo provide a]msh¢)use accomtnc#Jation for tw pwr person8 wbo have been reside￿ in the city of Hereford or its surrounding county, Hffefor(tshire prior to their appointinellt as a r￿id￿rt of the Clwity. At the end of the year ulldff review. Sev￿ of the almho￿ have ranained (Kcupial two have had new tenants appoint￿1 and one b￿arne at the of the pui(xL A new ta)ant will be appoint appointed early in 2026. The Trustecs feel they bav4 thffefor4 (xJn]pJia with S￿rtIOn 4 of the Charities Act 2(K)6, publish￿1 by the Cljarity COn]n￿s1O Achievements And Performallce The TnLStees believe that the objwtiv44 of the Clwity have bea] fulfjlled during the year and will continue to opffale in this mannff for the foreseeable The Trustees consits the ptrforn]&nce of the Cl]arity thuing the year 5 January 2026 to have been satisfactory. Financial Re%Tr¢w For Ihe year endal 5 Jamwy 2026. net outgoing resources amount￿ to £1,329 (2025.. incoming Tesources £33.742). Net assets totall￿1 £186,672 (2025.. £188.001). Dctails of the financial posilÉon of thE C.barity are set out in the following a¢￿unt$. Reserves Poly Thc dL8igmated repair fillul is Ileld to major rqmir eXp￿dI￿ on the properti¢%. The rquirement for such expcnditure is itLevitably difficult to predict aDd there are peri(xLs such as in the years to Jamthry 2003, 2009, 2011, 2013, 2017, 2018. 2019 and 2026. whLYe signif￿an1 levds of outgoitigs wtre needaL Tbe trustees feel that the balance earrid forward oll the d&igllated d&*i￿￿t￿[ repair flmd at 5 January 2026 is reasonable in the view of likely fu)Jre corDmitttthts. Due lo the high level of repair work rWir￿1 io lh¢ Y￿ to 5 January 2017, the Tn￿te¢ approvd 8 transfef of funtts tolalling £55.000 from the unrestrictal fu]xl to the designatal fun Due to the high level of rq)air work rÉwiral in the year to 5 January 2019. the Trustees approved a transftr of fimds tolalling £35,000 from the Unr￿lrieled ￿nd ts) the d&qignated fvnd. Due to the higb level of rq)air work required in the ytxr to 5 Jarn￿ry 2026. the Trust approv￿ & transftr of fuTLds tolalling £50,000 from the unrestrict&J ￿nd lo the designated fund. A balance of £154.664 {2025'. £156.030) is carrioj forward on the Unrestrict￿ This is available aJKI adequate to fvifil the obligali(A￿ of the charity. The s1airs in the almslK)use propertics cause difficulties for the l&%% mobile tenants, aNI the buitding d&sign makes the installalion of stair lifts difficult thougb ￿t inwssible. THE JANE HAYES CIIARITY TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED sfH JANUARY 2026 Reserves Policy (Cont'd) The Trustees are aware that the main r(xrfof the complex wi]1 neal rq)]acing in the next 3 to 5 yeaTS due to the age of the AIn￿hoU￿. In the year to 5 January 2023, all the Ahnhouses received an d￿lea1 It￿section which revealed tknt the el￿tri¢S ra]uire full rq)lacement. The Trust intends to britkg each property upto full elwtrical rwirema]ts as each alnLshouse is During thc ycar to 5th January 2024 No I I was ￿￿trIcallY rewirel Nos 3. 13, and 98 wcre rewircd in the y￿r to 5th January 2023. Investment Po]i¢y Inv£gtments are made tbrough the National A$s(￿JatI0ll of AlrtLshouscs Co[[ll￿n Investm￿t Fwrf with a view to achieving low risk retum on b(th income and capital. While the perfornwice in tbe year ret]ects the difficult st(￿k market co￿1]tiO￿$ prevailing over the perio good invagtment rethms have be￿ achieyed ovff a long ptriod of revicw. rixed Assets The trustees are of the opinion that the markd value of thc AlthOuS￿ atLd land own by the chariry 18 sub81antially in excess of the historical cost shown on the balance shed. Plans for Future Periods The are no n]ajor ¢hang£s ￿VISag￿l to the Marjaga￿l of the Charity. StAlenwrt of Trustees Responsi￿1]ItieS The trustees are rwonsible for preparing the Report of the Tn￿le¢S and tbc f￿￿￿claI statements in accordance witb appli¢able ]aw ajxl Unital Kingdom Acc()urtiDg Standar¢ls (United Kingdom Generally Accepial Acc(HU￿]ng Prdctice). The law applicable to clwrilies in England and Wal￿. the ￿ti￿S Act 20I I, Charity (Accounts and Rq)orts) Regulations 2008 and the provisions of the trusi deal rwires the trustees to prepare fllwncial statunents for ￿ch fin8nctal yw which give a true and fair sqew of thc state of affairs of the chariry and of the inCo￿ng r￿urce8 a￿1 application of resourcffj It￿lUdIng i￿ome and expenditur4 of the cbarlty for that periThl In preparing these financial statements. thc Iruste£s are ro4uired to: - select suitable accounting w)licies then apply theu] cott8islffltly. - observc thc trLcthods and principlts in ihe Charity SORP. - n]ake judgcmats and cstin]atcs that arc rcasollablc and pruda)t" - prcpare tbc financial Stat￿1]ts on thc going COllCCTn basis unlcss it is inappr(yriate to pr&Sun￿ that the charity will ci)tttinue in busin(ss. The trust¢es ar¢ responsible for kccping pri)pu acr￿untIng records which disclose with Teasonable a￿UraCY at any tim4 the f￿anciaL position of thc cbarity at¥J to enable them to ensure that the fllwicial stalcm(nls compty with thc C1)ariti￿ Act 2011, thc Charity (Accounts and Rcwrts) Regulalions 21M)8 and thc provisions of the trust ded. Thcy are also responsible for safeguarding the assds of the ckwity and hence for taking reasonable stq)s for the prevartion aryl detection of fraud and irregulariti&s. Approved by bebalf by: oftheb0ardoftn]s￿0n....... .... .... atMI sig1￿1 on its PJS - Trustee. STATEIKEYT OF FINANCIAL AcfIvTfIES FOR THEI YEAR EI¥DED 5TH JANUARY 2026 2026 Total Funds 2025 Totsl Funds UnrestLlCted R￿trict￿l ErdoWM￿t Fu Income and EDdowll*nts from: Cknrilable actiNryti£8.' Contributions froD Al￿sp￿pIC Gard￿ Tents Licence f 64,564 330 30 64.564 330 30 58,025 360 30 Dividends and itrtcrcst 2,344 162 67.430 3,455 5.799 162 70.885 5,177 192 63,784 TOTAL Th'COME 3,455 Expenditure on.. Chari¢abl¢ a¢tivities: Water rates and c(RU]cil tax Insurancc Gcncral repairs Major Tq)airs Gas and ¢1￿(riCItY Expenses re vacant prop Void Other.. Secrdary's ¢xpmsc AC￿untancY ard profwional 8.233 1,318 8.233 ,318 4.209 59,666 12,096 1,495 8.301 1.284 980 5,970 16,640 259 4.209 59.666 12.096 1.495 662 662 668 300 365 138 24,607 300 365 138 88,482 31N) 353 135 34,890 Subscriptions Sundry expaksas TOTAL EXPENSES 63,875 Net gai￿£/(10ssc8) on 5,811 10.457 16.268 4,848 Net iucomel(expenditure) 48.634 (49,963) (1,329) 33.742 Trallsfers between fuuds {50.IMK>) 50.000 Net movenxnt in fillKIs (1.366) 37 (1,329) 33.742 Reeonclliatlon of funds: FU￿18 broughi forward at 06-Ja￿25 Fu￿8 carri￿ forward al 05-JaTr26 156.030 20,922 11.050 188,002 154.260 20.959 11,050 186,673 188002 THE JANE HAYES CHAIiJTY BALANCF. SFtF.FT AS AT 5 JANUARY 2026 2026 2025 Note Flxed Assets Tangible ass(ts 11.050 11,050 vestments 156,424 134.780 Total fixed *55ets 167,474 145,830 Current Assets Debtors and prcpayttKOts 599 592 Cash at ballk aTyl in band 29,228 47.112 29.827 47,704 Current LiAbilitle8 Crditors: anK)unts falling due Thrythin one CrcditOTS accrLwIs 10.630 5,532 Net currellt llssetsloiabilities) 19,197 42,172 Total net assets/Oiabiiitie5) 186.671 188002 The fuuds of the chaTity: Endowment fund Reltrictal fiLnd UDrestricta fund 11.050 20,958 154.664 11.050 20.922 156,030 Totsl charity furyls 186 672 188 002 The accounts on pages 4 10 10 w￿¢ approved by the Trl￿ and authorised for issuc on signal on their bd]alf by. PJS eve - Tru51ce R M Temple- Miss S Wan)- TRustee ok-Tru THE JANE HAYES CHARrrY CASH FLOW STATEMENT FOR THE YEAR EIWED 5TH JANUARY 2026 2026 2025 C*sh flows from opernting aCti￿tieS. Cash receival from rents and other illcomc Refunds receivai from suppliers 70.183 59.378 70,183 (88,489) (18,306) 59,378 {36,580) 22,798 Payments to supp]iers Iyet ¢ash provlded byl(used ill) operating acttvibe Cash flows from investing xclivities: Dividettds and interest from illve5tt￿tS Purcbases of inv(stmotts Proceals from sales of invesimotss Net cash provided byl(used Ill) Investing xctiyrtio 424 403 424 403 Cbartge in cash and cash quivalents in the year (17,882) 23.200 Cash and cash equiv8la)ts at 6 Jamiary 2025 47,110 23.912 find eAsh equivalellts at 5 January 2026 29,228 47.112 REcONc￿lATION OF CASH FLOWS FROM OPERATING ACTIvrrIES Net incom&l(expenditure) for the year {1,329) 33,742 Adjustments for: (Gainsylosses on inv&8tttfflits Dividtmds r￿e1v￿ frollL illV&Stll￿rtS Purchase of in￿1n￿rtS Sales of investmwls (]ncr￿SeYd￿r￿$e in debtors Increasel(decreas¢) in cralitors (16,268) (5,376) (4,848) {4,773) (7) 5.098 {17,882) 0.00 (26) (895) 23,200 ANALYSTS OF CASH AND CASH EQUIVALENrs Cash in haThJ- current ac£ount Cash in haTLd- ill8tant access dwit account 10.316 18,912 25,113 22,000 29.228 47,112 THE JANE HAYES cllAR￿Y NOTES TO THE ACcOU￿Ts FOR THE YEAR ENDED STH JLYUARY 2026 Principal Accounting policies Basi$ of Accouuting Th¢ accounts hav¢ beet) prepared undtr the historical cost aecounting convartion and in a¢¢ordan¢¢ with the Statan￿1 0[R￿MI[￿￿ Practi￿ Accouttting and Reporting by Charities preparing iheir a￿)ll￿ts in a¢cordartt with the Financial Reporting Standard applicable in th¢ and Republic of Irejand (FRS 102) issual on 16 July 2014 and the ClJariti¢s Act 20118nd applicabl¢ Tegulations, except for itLVestm￿tS which are stated at J)]aTk& valu Th¢ Charity constitytas a public bfflrfit ffltily as defilleA by FRS 102. Tr Truste¢s ￿)lls1d￿ that there are no ll]atse fu￿ which the Tr￿ Bre free to use for any purpose tn filltherdnce of the charitable obj￿. Fwtlv details of each fijnd are disclosal in note 8 to the Rceounts Realised gains and losses All gaitts and losses are taken to the Siatan&)t of Financial Activities As they arise. Realised gains and loss&s on investmotts are Calculat￿ as the difference betweth salt% proceejs aNI ￿la)ing carrying vame. un￿]iS￿l ￿lDs and loss￿ are calculat&l as the differaKe betwttn the marka value at the be￿rn]ing and of the period. Reali9ed aNI unrealisal invastmurt gains and los￿ are combinal in the Staknt of Trinancial Actiiities. Trust¢¢s expenses and remullerfition The truste3 all givc frcdy thcir lin* atKI exptrtise witl¥)ut any fomi of remU￿tIon or oth(r bcnefit in cash or kiDI (2025: £nil). Th￿e were no ￿)lOYeeS during the cUrr￿t or previous ythr. Major rep&irs 2026 2025 Chimney repairs . all prowti Rq)]ace bathr(x)m No I Work in bathr(K)m No I I Roofrepairs and Int￿nal works 51,166 4,770 1.200 8,500 59.666 THE JANE HAYES CHARTrY NOTES TO THE AccouNrs FOR THE YEAR Ehl)ED 5TH JANUARY 2026 Accowitsncy profL88lon￿ fees 2026 2025 Accoullt2ncy fecs Indwdcnl examim fee 150 150 150 150 300 3(K) All(Kat¢d brtween funds.. Unr&stricted fimds Rcstrictal fjand 300 3(K) 300 3(K) 2026 2025 l Quoted illvestments Marka value at 6 January 2025 ReinvestJ]Mit of dividend it￿orne Addition8 Diswsals Net realisd illveslrnenl gdin Net unwlised investment gainlooss) Market value at S January 2026 134,780 5,376 125,160 4,773 16,268 156,424 4,847 134 780 Historic41 to$t #t 5 Janu*ry 2026 22.126 The investmarts con]prise National A￿4￿latiOn of AillLsIKYUS¥S c0mll￿n Investment Sl)ar(x. These iwlude a IM)Idillg in Accunwlation Shar& ￿ryth a market value of £146.113 forn]ing 93.41 % of the market Vdlue of the ￿tfOlIo. Dividends received in rdalion to the National Associatiotl of AinLqknuses ComllK)n Investmatt Fund Accumulation Shares are retllvest￿ to tbe Holding on the date of receipt. 2026 2025 Debton aJMI prepayn*nts Dd)tors Prq)a)ry￿s 599 599 All dd)tors and prcpayll￿tS relatoj to Unrestrict￿ fiuxls in both 2026 and 2025 592 592 THE JANE HAYES CHARITY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5TH JANUARY 2026 2026 2025 Creditors: amounts falling due withtn one year Indep￿¢￿t examiDUS fe¢ TV Ltcence 150 150 3(K) 1.584 150 1,008 Ligbt and heat accwal Pri)p￿Y repairs Stationffly expens Rents r￿tAY￿ in adV￿￿e 7,811 10.628 4.216 5,532 Creditors of £liil relatal to the restricted fLUKI in 2026 (2025.. £Nil). Analysis of C￿tsb1e fullds UDrestricteA RestricteA EtK1I)wt￿t FUJ Total Opening at 6 January 2025 tncome Expa￿ltllre Transfers Gainsi(losses) At 5 January 2026 156.030 20.922 67,430 3.455 {24,607) (63,875) {50,0￿) 50,(XK) 5,811 10,457 154,664 20,959 11.050 188,002 70,885 (88,482) 16.268 186,673 El.050 a) Th¢ unr¢stri¢ted fund 18 available to be sp￿t for any of the Purposes of the ol]ariiy. b) The reslri¢t¢d fiind is held as 2 repairs reserve for the prtyffti& and ¢oDsists of Accumulation Share8 held in Ihe NatioDal As8lKiatiou of A]n￿]y)USe9 COMM￿ Investm￿t Fun c) The endOwn￿￿t fimd consisls of Abnthouses a￿{ land at Vicarage Roa￿ Hereford. -io- Tiif.,IANF. IIA Tr ES C.TIARITY ri OR THE YEAR EfiDFD 5TH JANUARI. 2026 Inde￿I]denl examiner'& report to the trustees ofThe Jane Hayey Charity I rei)orE on tlie aCcO￿lt8 of Thk Jane Ilairs Cl)arity. charity number 218i78. for the year elided i Janiiary 2026, whÉch ar¢, set out on pages 4 to 10. Re¥p¢etive responslbllities of trBstee8 and evminer As tl'ie L'harity tnistees tsf tlie Tnist vou are r¢sponiible foT the prepantioll of tl)e *ccounls in a¢Lord￿)ce the r¢quiTeTllents ot'tlie Charities Act 2011 (=th¢ Act.). I report iii i'e>p¢cr of niy examination of the Trnst's 8c¥ounts LarrÉed oiit under S￿li￿n 145 of the 2011 Act and in Qanyiikg out Iny cxamination I have fDlloived all the applicable Directions givcn b}1 the C.'liarity' CortLmÉSSiOn uiid¢r s¢¢tlOFI 145{i)(b) of the Act. Independtiit exAmiDei $ statement I hAve Loinpleted mv examinatioii. I confirn that no m.Thterial matters have cO￿e to niy att￿tIc>ll in c()iiii¢ciion willi thL examination gitying me ￿￿se to belicve thai En anv mjterial respect: . a¢coiinling recards ￿tTe not kept in rcspect of the Trust as required by section 1111 of th¢ Act: or tIIL accoiirits do iioi a¥¥ord ￿1th tliosc records: or 3. the li ccounts do not Ltsmply with the appliLable requir¢mwits concernillg the forni ￿)ntent of accouiiL% sel out in the CharÈties (Ac¢ounts' wid Report5) Rcgulations ?008 othei. thali t)ny requirement thal th¢ aco£)unls oive.x 'lnie f8ir vt¢W VihiLh is not a ￿all¢r ciin.sid¢r¢d as part of an ind¢pcnd¢rit' I Iidvl no ciiIicerns haiie oome across no oth¢r mancrs in Conu￿tiOn wilh Ihe eMiiiinatiotL tci whi¢h attention should be drai*n in this report in order to enable a proper understanding of the actounts. to 3 HJhp.L'i' l erraco. Hlilmer. HLYelor(L HR4 9B 16111 Marcli 20?6 li-