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 p￿partn9 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 I￿ngalOw5 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 hOU￿ng 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 a￿a. 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 a￿a 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. Ch*rlty 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 0￿ratIng •