REGIsfERED CHARrrY NUMBER: 220807 REPORT OF THE TRusfEES AND UNAUDrrED F114ANCIAL sfATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 POR THE JOHN HENRY KeENe MEMORIAL HOMES Clemence Hoar Cummlngs thartered Accountants Riverside House 1-5 Como Street Romford Essex RM7 7DN
THE JOHN HENRY KEENE MEMORIAL HOMES CONTENTS OF THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 DecEMBER 2023 P•ge Report of th• Twste I to 3 Independ•nt Examln*s R•port statement of Flnanclal Actlvftl B•l•n¢e Shert C••h Flow Statement Note8 to the C•8h Flow Statement Notes to the Flnandal Ststoments 9 to 15 D¢t•lled St•t•m•nt of Fln•ncl•l Actlvltl 16
THE JOHN HENRY KEENE MEMORIAL HOMES REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees present thelr report with the financial statements of the charity for the year ended 31st December 2Q23. The trustees have adopted the provlslons of Accountr"ng and Reporting by Charitles.. ststement of Recommended Practice applicable to charities ppartn9 their accounts Sn accordance wlth the Flnanclal Rewting Stsndard applicat4e in the UK and Republic of Ireland (FRS 102) (effectlve I January 2019). OBJECTIVES At4D AcfiviTIES ObJactlv•s and actlvltles The purpose of the Registered Soclal Landlord Is to provlde and malntain almshouses fDr the resldentlal re of persons in need, in accordance with the tems of the scheme. The Scheme restricts the area of benefit to the Clty of thelmsford. As a matter of practice. the Trustee5 consider for admission to ccommodate persons between the ages of filty-flve and seventy-nSne. 8ecbuse of stèlrs. for flats the ge of appointment is fifty-flve and over, whilst for IngalOw5 applicants are considered from the age of slxty, The Reglstered Soclal Landlord owns 28 resldenVal bungalows and 14 flats occupled by resldents, except for a small office and one bungalow whlth is occupied by a member of 5tsff. A regular programrne of malntenance to the almshouses has been carrled out and the Trustees have contlnued a programme of Improvements to the estate. The Communal Room. opened In November 2006, is used by the resldents who have In the past arranged n actlve programme of soclal events and other actlvlties. Followlng It's dosure durfn9 lockdown, use of the room has contlnued to Increase wlth several regular monthly events now taklng place along wlth speclal one-off occasions, such as for the Comnation of King Charles Ill. Publ1¢ ben•fit The Trustees confimi that they have cornplle(I wlth the duty In Sectlon 4 of the Charltles Act 2006 to have due reganl to the Chartty Commlsslon's general guldance on publlc benefit. ACHIEVEMENT AND peRFORMAMCE Ch•rlt*ble •rtlvltS•s Durfng the year the Trust has made further Impn)vements to the houslng stocL These Include: l Bungalow refurblshed with a new kitchen - severdl new showers fitted Installation of a new bolkr In one of the propertles Resurfaclng of perfmeter road and installawon of speed bumps and other speed reduction measures New fire doors fitted In the cornmunal flats New emergency Hghtlng fltted In the communal flats - work started to Ilne the Finlock gutters on the fiots created a wlldllower garden There is healthy sized waiting pool for properties from which applicants can be thosen quickly to retluce the posslblllty of lengthy vold perfods. The complete hOUng Sto meets the Decent Homes Standard. FINANCIAL REVIEW Flnan¢lal posltlon The flnanaal results for the year are set out on page 6. The Reglstered Soclal Landlord retalns wffldent reserves to maintain the almshouses. Reserves held at 31st December 2023 were £1.771.889 12022 £1,719.060). of which £754,824 is held as the endowment fund and £285,S91 Is held as restricted funds. The charity's unrestritted funds as 31st December 2023 amounted to £731,474. Page I
THE JOHN HENRY KEENE MEMORIAL HOMES REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 DECEMBER 2023 FLrruRE PLANS The Trustees remaln consdous of the need to budget for the long4erm maintenance and Improvements. Maintenance contributions had been raised over previous year5 to achieve a level close to 'target rent, for the Chelrnsford area. Thls has improved the financial kN)sf(ion of the charty and aided the recent programme of Improvements to the houslng stock. At thelr meeting In january 2024 the Twstees agreed to increase the weekty maintenance contributions by 7.7% in line with the Regulator of Social Housin9 guidelines (inclusive of water and sewerage charges) effective from 20th March 2024. During the coming year the Trustees aim to continue work to replace the Nnlock gutters on the tsts and replace the gulters on the bungalows in a style more fittsng with the consetvation aa. They will also contlnue to Install wet-rooms and new kitchens as approptlate buth when there are voids and for exlstlng resldents. The lavender bed5 and front shrub beds will be replenlshed, and the wlldflower aa extended, In consultslion with Residents, they aim to create new seats'ng areas around the grounds to encourage SDclalislng. The reserve malntalned for replacement of the communal room now stsnds at £180,000. STRucfuRE, GOVERNANCE AND MANAGEMENT Governlng docurnent The Charity is controlled by its governing document. a deed of trust and constitutes an unincorporated charlty. Chrlty con•tltutlon The charity was founded by a trust deed dated 29 November 1932 as amended by a supplemental deed dated 30th October 1933 and Is now gDvemed by a scheme of the Chadty Commlsslon dated 10th May 1988. Change5 to the admini5tratlve procedures were reglstered wlth the Charlty CommSsslDn In 2022. The Charfty is reglstered as a chartty under the Charltles Att 2011. It is also è Reglstered Soclal Houslng Provlder, whlch status takes prlorfty over Its charltable status for reportlng purposes. Recrultrnent and appolntment of new trustee• The Trustee5 or the Registered Social Houstng Provider are shown on page 3 of these accounts. The appolntment of the Mayor of Chelmsford Is an ex-officlo appolntment. One Trustee Is nomlnated by each of Chelmsford Cathedral, the Parochlal Church Covncll of the Ecdeslastlcal P¥rfsh of St Mary the Virgin, Great Bèddow and the Parochlal Church Council of the ecclesiastical Parish of St Michael and All An9ds, Galleywood. The remalnlng Trustees are aPFolnted by the Twstees. Oryanlsatlonal structure The governing body is also responslble for the management of the Registered Soaal Housing Provider, wlth day to day admlnlstratlon In the hands of the Clerk and employed staff. REFERENCE AND ADMIt41STRATZVE DEfAILS Reglsternd Charlty number 220807 Prlnclp•l ddreM CIO The Old Bam. Parsonage Road Takeley Bishops Stortford Hertfordshlre CM22 6QX Page 2
THE JOHN HENRY KEENE MEMORIAL HOMES REPORT OF THE TRUSTEES FOR ThE YEAR ENDED 31 DECEMBER 2023 Trustee5 J Black L Foster D J Wisbey D Fenton J Halstead J Shaw D Lumley M Bodley M Ivor (appointed 18.7.23) J Deakin P Adllngton Independent Ex*mln•r ernen Hoar Cummings Chartered Accountants Fuverslde House 1-5 Como Street Romford Essex RM7 7DN 8ankers Barclays Bank PLC 2 High Street ChElmsford CMI IBG REGULATOR OF SOCIAL HOUSIN6 ReGIsfERED MUM8eR A3937 Approved by order of the board of trustees on ... ............ by: and slgned on Its behalf D Lumley - Trustee Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE JOHN HENRY KEENE MEMORIAL HOMES Independent examlner's report to the trustees of The John Henry Keene Memorial Homes I report to the charity trustees on my examination of the accounts of The John Henry Keene Memorlal Homes (the Trust) for the year ended 31 Detember 2023. Responslbllltles and basls of report As the charity trustees of the Trust you are responsible ftir the preparation of the accounts In accordance with the requlrements of the Charltles Act 2011 {'the Act.). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and In carrying out my examinatlon I have followed all appllcable Dlrections given by the Charity Cornmlsslon untler Section 145{5llb) of the Act. IndopeDdent ex•mlner' statement Slnce your charity's gross income exteeded É250,000 your examlner must be a member of a Ilsted bodv. I can confirm that l am qualifled to undertake the ex?mlnatlon because l am a member of the Instltute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no materlal matters have come to my attentlon In connertlen wlth the examinatlon glvlng me cause to belleve that In any mater(al respert: ccountlng records were not kept In respect of the Trust as requlred by Sectlon 130 of the Act: c the accounts do not accord wlth those re¢ords' or the accounts do not comply with the applicabk requirements conceming the form and Content of accounts set out In the Charltles (Accounts and Reports) Regulatlons 2008 other than any requlrement that the accounts glve a true and falr vlew vlhlch 15 not ) matter consldered as part of an Independent examlnation. I have no concerns and have ccThe across no other matters In connertjon wlth the examlnatlon to whlch attentlon should be drawn In thls report In order to enable a proper understandlng of the accounts to be reached. Davld 8elbln Bsc 8FP FCA DChA Clemence Hoar Cummings Chartered Accountar)ts Rlverslde House 1-5 Como Street Rornford Essex RM7 7DN Date: ..Ap.......2Q.4............ Page 4
THE JOHN HENRY KEENE MEMORIAL Homes srATEMENT OF FINANCIAL ACTIVrnES FOR THE YEAR ENDED 31 DECEMBER 2023 2023 Total funds 2022 Total funds Unrestrlrted Restsicted Endowment funds funtl fund Notes INCOME AND ENDOWMENTS FROM Charitable èctlvltle5 229.432 7.370 236,802 221,441 Investment Income Total 261 3S7 228 598 EXPEt4DITURE ON Charitable artlvltles Malntenance of sodal housing 189 258 217 923 167 221 Net galns on Investments 216 INCOME/(EXPENDrruRE) 64.729 Tr•fft•l•rA between lund* 11 62 $46) 16.694 (20.289) 61,134 61,593 N•t movement In fund 2,183 16.694 42,2S7 61,134 61,593 RECONCILIATION OF PUNDS Total funds bmught for+vJrd 736.007 268,897 714.156 1.719.060 1,657.467 TOTAL PUNDS CARRIED FORWARD 756 413 1 780 194 1 719 060 The notes forTn part of these flnanclal statements Page 5
THE JOHN HENRY KEENE ME140RIAL HOMES BALANCE SHEET 31 DECE14BER 2023 2023 Total funds 2022 Total funds Unrestricted Restiicted fijnds fund Endowment fvnd Note5 FIXED ASSErs Tangible assets Investments (450) 1.190.299 1.189.849 345 437 1.156.417 327 737 (4SO) 285.591 1.2SO,145 1.535.286 1,484.154 CURRENT ASSErs Debtors Cash at bank and in hand 4,655 4,655 2,809 738 208 744.743 744,743 741,017 CREDITORS Amounts falling due wlthln one year (6,103) (0.103) (5,010) NET CURRENT ASSETS 736 007 TOTAL ASSETS Le CURRENT LIABILITIES 738,190 285,591 1,250,145 2,273.926 2,220,161 PROVISIONS FOR LIABILITfeS io (493,732) {493,732) (501,101) NET ASSETS 738 190 285 $91 756 413 1 780 194 1 719 060 FUNDS Unrestrtrted fvnds Restrlcted funtls Endowment lunds li 738,19Q 285,591 756 413 736,007 268,897 714 156 TOTAL FUNDS 1 780 194 1 719 060 The flnanclal statements were approved by the Board of Trustees and authorised for Issue o L..:fvL.2£).L.................. and were ggned on its behalf by.. D Lumley - Trustee L Fost -Tru ee The notes fom part of these financial statements Page 6
THE JOHN HENRY KEENE MEMORIAL HOMES CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Notes Cash flow$ from 0ratIng •<tlvltl Cash generated from operab'ons 62.275 110 497 Net cash provided by operating activities 110 497 Cash flows from Inv•slln9 actlvltles PLbrchase of tangible fixed assets Sale of tanglble fixed assets Interest recelved (62,547) 1,424 (65,761) Net cash used in investing actlvltie5 39 100) 63 370) C••h flow• from flnanclng aCtlvltle* Income attributable to endowment Expendlture attrfbJtable to endowment 7,370 7,368 32 078) Net cath used In flnanclng actlvbtl 21 295) 24 710) Change In cash and cash equlvalents In the reportlnq perlod Cash •nd cash •qulv•l4nts at th• b•glnnlng ol th• r•portlng perlod 1,880 22,417 715 791 C•$h •nd cash aqulv)l•nts •t th• •Dd of th• rnportlng wlod 738 208 The notes form part of these financial statemer Page 7
THE JOHN HENRY KEENE MEMORIAL HOMES NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPE RATING ACTIVITfES 2023 2022 Net Income for the reportlng perlod (•s per the Ststement of Flnancial Actlvltles) Adjugtments for: Depreciation charges Gain on investments Proflt on disposal of fixed assets Interest received Income attdbutable to endowment Expendlture attrfbutabk to endowment 61,134 61,593 29.115 (17,700) (1,424) (22,023) (7,370) 28,665 33,811 (216) (2,391) {7.368) 32,078 {Increase)Idecrease In debtors Decrease In credltors (1,846) 2,503 Net c•8h wovld•d by op¢ratlon• 110 497 ANALYSIS OF CHAN6E5 IN NET FigNDS At 1.1.13 Cash flow At 31.12.23 t4et eash Cash at bank ond In hand 738 208 740 088 738 208 740 088 Totsl 738 208 740 088 The notes form part of llnancial statements Page 8
THE JOHN HENRY KEENE MEP40RIAL HOMES NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES Ba$1 of PrerIng the flnand•l ststements The John Henry Keene Memorial Homes is a registered charlty and a prlvate registered provider of social housing in the United Kingdom. The addrss of the reglstered offlce Is glven In the d)arlty Informatlon on page l of these finanaal statements. John Henry Keene Memorial Homes constltutes as a publlc benefit entlty as defined by FRS 102. These finanaal statements have been prepared In attordance with applicable accountlng standards induding Statement of Recomrnended Practice applicable to charities preparing their accounts in accordance with Flnancial Reporting Standard applicable In the UK and and Republlc of Ireland IFRS 102) as omended In July 2019, the Ststement of recommended Prt(Ce for SocSJl Houn9 provlder5 in 2014 (the SORP) wbth the Accounting Directlon for private registered providers of soclal houslng In England 2015, The flnandal statements a also prepared under the requlrements of the Houslng Regeneratlon ALt 2008 and the cOperatIVe and Communlty Benefit Societies Act 2014. The Flnandal statements have been prepared on a golng concem basls under the hlstortcal cost convention. The slgnlflcant accountlng pomcles applled In the prepar7tlon of these finandal statement are set out below. The pollcies have been congstentty applied to all years presented unless otherwlse stated. Crltlc•l accourtlng Judqoments and key source• of estlm•tlon untertalnty The Trust make5 estimates and assumption5 concerning future performance. The resultlng accDuntlng estlmates wlll, by definib'on. seldom equal the actual results. The estlmates and assumptlons that have a gnIfIcant rlsk of causlnq a matedal adjustment to the carylng amount of èssets and Ilèbllltles are set out below- Revenue recognlb'on Revenue Is recognlsed to the extent that It Is probable that the economlc beneflts wlll flow to the charity and the revenue can be reliably measured Although this Is not consldered lo be a complex Judgement to the thartty, revenue reco9nttlon Is stlll consldered a crftlcxl actountlng polS¢y. ClassSflcation of property Propertles held for soclal benefft as opposed to commerclal galn are dasslfled wlthln tanglble flxed ssets and not Investment propertles. Incomlng reource• The polldes follDwed In respert of Income, voluntsry asslstance. and donadons. are.. Malntenance contributions represent Income receivable from redents for houslng accomrnodauon. net of volds from vacant aceomodatl. Don)tlons and legacies are recognlsed when there Is entjtlement, probablllty of recelpt and when the amount can be measured with sufficient reliability. Resources expendod These accounts are ppared in accordènce the accruals concept. All expenditure 15 recognlsed once there Is a legal or constructlve obllgatlon to make a payment to a thinl party. All costs are attributed on a dirert b•sls. Fixed •s*ets. depreclatlon and soclal hou51ng grant Tangible flxed a55ets housing properties are stated at cost less accumulated depredatlon. Freehold properties excluding the estr"mated cost of knd, are depreclatetl as detailed below. Expendlture Incurred on the renewal of the components of the Registered Soaal HDusing Pmvlder's building are capltallsed and depreciated on a stralght Ilne basls over thelr estlmated useful Ilves. Depreciatton is charged against properties on a straight line ba51S: Freehold land- not depreciate Components are depreciated using the followlng rntes- Page 9 continued...
THE JOHN HENRY KEENE MEMORIAL HOMES NOTES TO THE FINANCIAL STATEMENTS- oyrtlnued FOR ThE YEAR ENDED 31 DECEMBER 2023 ACCOUNnNG POLICIES - coTrtlnued Flxed a••¢ts, depredatlon •nd •o¢l)I houslng grnnt Windows & doors Kltchens Bathmoms Roofs 20 years 20 years 30 years 70 years Boilers Electrics Wiring* plvmbing Structure IS years 40 years 30 years 100 years Equipment 5 years Sodal houslng grants can be dalmed towards the cost of major works and have been recelved to flnance the development of social houslng propertles. These grants are recognised at the falr value of the a55et received or receivable. As the assets are accounted for using the cost model then the government grant is accounted for using the accTUa model. The falr value of the grant Is recognised as a Ilablllty and amotysed over the useful econornic life of the asset, Thls amortlsatlon Is recognlsed wlthln Income. Government grants recelved as contdbutions to revenue are recognlsed wlthln the Statement of Comprehenslve Income on a systematlc ba$ over the perfod In whlch the landlord recognlse5 the related costs for which the grant Is intended to compensate. The related expenditure Is Induded under cost of sale5. Grants are recognised in the same perfod a5 the related expendlture provlded the condltlons for recelpt have been satisfied and there Is reasonable as5uronce that the grant wlll be recelved. A soclal houslng grdnt was receSved to flnance the develrjpment of sodal houslng propertles. The grnnt Is recognlsed at lalr value ènd omortised over the usefiJl 1Sfe of the asset, The amort15atlon Is recognlsed wlthln the Ststement of Financlal AVItIes. Although the Social hwsing grant Is treated as a grènt for accounting purposes it Is nonetheless repayable under certaln circumstances. prlmarlly followlng the sale of a property. Taxatlon The charity Is exempt from corporauon tax on Its charltable artlvltle& Fund aecounllng Extraordlnary repalr fund In accordance with the Scheme of the Charfty Commlsslon. provlslons are set aslde each year out of malntenance ¢ontrlbutlons at the disuetion of the Twstees in accordance with the advice of The NaOnal Association of Ajmshouses. Actual expendlture Incurred Is wrttten off to the relevant provlsions. Thls is a restrirted fund. Dlvldends recelved on the accumulatlon shares are Immedlately re-lnvested and they are not recorded as income until the investment gèln is azed. MJIntenan fund Funds are egnated annually In the Trust's budget to cover rouvne and ¢ycllcal malntenance items likely to be incurred during any perlod of one year. This Is a deslgnated unlnvested fun which is calcuktet1 in accordance with the ¥dce of The National Asso¢iation of Alrnshouses. Any surplus arlslng In the year is returned to general funds. Penslon costs and other post4etirement benefits The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Flnanclal Actlvltoes In the perfod to which they relate. Debtors and credltors recelvable/ payable wlthln one year Debtors and creditDrs wth no stated interest Tate receivable or payable wlthln one year are recorded at trdnsattion price. Any losses arislng from impairment are recognised in the statement of comprehensive income in other administrative expenses. Page 10 contlnued...
THE JOHN HENRY KEE14E MEMORIAL HOMES NOTES TO THE FINANCIAL sfATEMENTS- ¢ontlnued FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POUCIES- contlnu•d Debtor• •nd <Y¢dltoM recelvabl¢/ p•y•ble wlthln one year Fixed asset investments are revalued to market value at each year end. Th2 galn or bss on revaluation Is credited or tharged to the approw.ate fijnd. INVEsfMENT INCOME 2023 2022 Investsnent Income Deposit accwnt interest 2.532 4,766 TRUSTEES. REMUNERATION A14D aENEFrrs There were no Trustees, remunernuons pald or other bents for the year ended 31st December 2023 nor for the year ended 31st December 2022. TrusteeA' ¢xpene• The John Henry Keene Memorial Homes incurred expenditure for Trustee IlabiThty cover totalllng £419 durtng the year {2022,' £380) for the benefft of the TnJstees. srAFF cosrs 2023 2022 Wage5 and salarles Other pensim t05ts 63.237 58,985 Key Management Personnel cost Ss £63.237 (2022.. É58,985). The average monthty number of employees during the year was as follow5: 2023 2022 Employees ND employees reIVed emoluments In excess of £60.000. COMPARATIVÉS FOR THE STATEMEKf OF FINANCIAL ACTivmES Unrestrocted Restricted ftbnds fvnd Endowment fijnd Total funds INCOME AND ENDOWMENTS FROM Charftable actlvlties 214,073 7,368 221,441 Investment income Total 221 230 228 598 EXPENDrnIRE ON Charltsble a¢tlvltle Maintenance of soclal htwslng 135 143 167 221 Net gaSnsl(losses) on Investments 2.108 {1,8921 216 Page 11 continued...
THE JOHN HEt4RY KEENE MEMOIIIAL HOMES NOTES TO THE FIIIANCIAL sfATEMENTS - cortlnued FOR THE YEAR ENDED 31 DECEMBER 2023 COMPARATIVES FOR THE sfATEMENT OF FINANCIAL ACTivrrIES - ¢ontlnued Unrestricted Restricted Endowment funds fund fund Total funds NET INCOME/(EXPENDrruRE) Transfers between funds 86.087 65 7621 2.108 (26,602) 61,593 Net movem•nt In tund8 20.325 2,108 39,160 61,593 RECOf4CILIATION OF FUNDS Total funds brought forward 715,682 266,789 674,996 1,657,467 TOTAL FUNDS CARRIED FORWARD 736 007 268 897 714 IS6 1719 060 TANGIBLE VXXED ASSETS Freehold property Plant and machinery Totals cosr At l January 2023 Addltlons 1,681,185 8,668 1,689,853 At 31 December 2023 1 741 4•2 10 918 1752 400 DEPRECIATION At l January 2023 Charge for year $24,768 8.668 450 533,436 At 31 DEcember 2023 553 433 562 551 NET BOOK VALUE At 31 December 2023 1 188 049 1 800 1 189 849 At 31 December 2022 1 156 417 1 156 417 The tanglble fixed assets conslst of houses and flats whlch are used for the furtherance of the objectlves of the Reglstered Sooal Landlord and are fvndamental to Its operation. Additlons conslst of irnprovements and refurt)Ishments of the propertles. FIXED ASSEf IP4VEsfMENTS extrnordlnary Repair Fund NAACIF Ac¢umul•tlon Shar Perni•nert Endowm•nt NAACIF Income Shares 2023 Total Valuation at 1st January 2023 Revaluation to Market Vahje 268.896 S8,841 327,737 Valuotion at 31 December 2023 285 590 345 437 Page 12 continued...
THE JOHN HENRY KEENE MEMORIAL HOMES NOTES TO THE FINA14CIAL sfATEMEMTS - tontlnued FOR THE YEAR ENDED 31 DECEMBER 2023 DE8TORS: AMOUNTS FALLING DUE WZTHIN ONE YEAR 2023 2022 Trade debtors Other debtDrs 261 2.809 CReDITORS: AMOUNTS FALUNG DUE WrnIIN ONE YEAR 2023 2022 Other credttor5 10. PROVISIONS FOR LIABILMES 2023 2022 ProvlslMs 493 732 501 101 2023 2022 Sodal Houslng Grant At l January 2023 Released to Income 501,101 508,470 BJl•nce carrled for4vJr(l at 31 December 2023 493 732 soi ioi The amount of grant otlginally recelved was £736.909. The grant Is repayable In certaln drcumstsnces, prlmarily lollowing the sale of a property, but will normally be restrirted to the net proceeds of sale. Page 13 contlnued...
THE JOHN HENRY KEENE MEMORIAL HOMES NOTES TO THE FINANCIAL sfATEMENTS - contlnued FOR ThE YEAR ENDED 31 DECEMBER 2023 11. MOVEMENT IN FUNDS Analy6 of fund* durlng the yeir b1fv at ljan 2023 Clfwd at 31 De¢ 2023 Imi•stmont Galn Pund Incorne Expense Tr•nsler General Designated Restricted PerTnanent Endowment 571,007 229,431 165,000 268,897 (235,106) (-32,283) 15,000 18,425 551.474 180,000 285,591 16,694 714 IS6 713 011 Total 1 730 076 Analy$ of c•Yrl•d forward fund• Current Flxed Assets Investments Assets 557.577 180,000 C/fv4d at 31 De£ 2023 551,474 180,000 285,591 Fund General Designated Restrirted Permanent Endowment Provl•lo 16,1031 285,591 1 146 897 493 7321 713 011 Tatal 1 146 897 1 730 076 The R•itrleted Income Fund The restrirted income funds represent funds glven to the Charlty to pay for extraordlnary repalr5. Thls ha5 been invested and an unreah.sed Investment gain of £16,694 12022 unrealised Investment galn £2.108) hès been renetted In thls fund. The Pernianent Endowmeftt The pemianent endowment is the fund of the Registered Sodal Houslng Provlder mabnly invested in the property owned and maintained by the Trustees for the purposes descnbed in the Trustees Report on pages 2 and 3. The amount Invested In fixed assets less dÈprEclatlon and the balance on the NAACIF Income shares represent the Registered Sodal HoUng Pmvldevs pemianent endowment. Transfers from the unrestricted fund to the endowment funds of £17.283 12022.. £67,494) represent fixed asset additions net of endowment incorne received in the unrestricted funds. The Deslgn¥ted Fund The deslgnated fund Is a provlslon for the future replacement of the Raven Room. amountlng to £180,000 {2022.. £165.000). Page 14 contlnued...
THE JOHN HENRY KEENE MEMORIAL HOMES NOTES TO THE FfNANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 DECEMBER 2023 12. RELATED PARTY DISCLOSURES There were no related party transacti£ for the year ended 31 December 2023. Page 15
THE JOHt4 HENRY KEENE MEMORIAL HOMES DEfAILED sfATEMENT OF FINANCIAL ACTXlflTIES FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 INCOME AND ENDOWNEwrs Ch•rltsblE actlvltles Grants Mainlenance ContritionS 7,369 7,369 214 072 136.802 221,441 InVtmeTht Income Investment Income Deposit account Interest 2,S32 4,766 Tot•1 Incamlftg rereal 261,3S7 228,598 EXPENDrruRE Ch•rltsbl• actlvluoa Wages Pensions Rates and water Insurance Llght and heat Telephone Postage and statlDnery Sundrles Repairs ènd maintenance Alarm fees and Ilne rental Garden expen4s Freehold property deprecl)tl¢)n Plant & machinery depreciation Profit an dlsposal of tanglble flxed assets 63.237 3,208 8.830 5rt03 3,536 904 257 269 88,209 7,507 4.498 28.665 450 58,985 2,957 6.183 4.162 3,312 1,474 261 4,562 40,834 2.413 3,075 32,078 1,733 213,549 162,029 Support co•ts Management Examinatlon and accounts fee Bank charges and Interest Clerk's fee and expenses Subscriptions Computsr expenses 3.114 ios 17 978 160 3.290 160 191 920 631 Total resources expended 217 923 167 221 Net Income b•fore galn8 and los 43.434 61,377 Realised recognlsed galns and losse• Reali5ed gain51{k)55e5) on fixed asset Investments 17.700 216 N•t Intome 61.134 Thls page does nrt form part of the statuttsry flnandal statements Page 16