REGISTERED CHARITY NUMBER: 220807 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 FOR THE JOHN HENRY KEENE MEMORIAL HOMES Clemence Htsar Cummings Chartered Accountants Rlverside House I-S Como Street Romford Essex M7 7DN
THE JOHN HENRY KEENE MEMORIAL HOMES CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Cash Flow Statement Note5 to the Cash Flow Statement Not to the Financial Statements 9 to 14 Detailed Statement of Financial Activities 15
THE JOHN HENRY KEENE MEMORIAL HOMES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2Q25 The Trustees present their report wilh the financial statements of the charlty for the year ended 31st December 202S. The. trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommendef5 Practice appllcable to chartties preparing their accounts in accordan with the Financial Reporting Standard appllcable in the UK and Republic of Ireland IFRS 1021 {effective I January 2019). OBJECTXVES AND ACTIVITIES Objectives and activitles The purpose of the Registered Social Landlord 15 to provide and maintain alrllshouses for the residential care of persons in need, in accordance with the terms of the scheme. The Scheme restricts the area of benefit to the City of Chelmsford. The Registered Social Landlord owns 28 resldentlal bungalows and 14 flats occupied by residents, except for a small offlce and one bungalow which is occupied by 3 member of staff. A regular programme OF maintenance to the almshouses has been carrled clut and the Trustees have continued a programme of Smprovements to the estate. The Communal Room, opened in November 2006, Is Ljsed by the residents who colltinue to arrange an active progratnme of Social events and other activities. There are several regular monthly events now taking place along with special one-off occasions and visiting speakers. Public benefit The Trustees conflrm that they have complled wlth the duty in Section 4 of the Charities Act 2Q06 to have due regard to the Charity Commlsslon's general guldance on PLJbllc beneflt. ACHXEVEMENTS AND PERFORMANCE Charilable activities During the year the Trust has made further improvements to the houslng stock. These Include: 2 properties refurbÉ5hed with new kitchen5 13 properties have had work done to their bathrooms, ranging from comfort height toilets to complete new bathrooms Installatlon of a new boller In the of the propertles The bungalow porche5 and comfflunal areas of the flats were repainted. The lavender beds were replanted, and the new seatlng was Installed. The first sectlon of paving was re-laid. Dri~Master installed In ofie property. There remains a healthy sized waltlng potsl for properties frotn which applicants can be chosen qulckly tE> redu the pos5ibÈlity of lengthy vold perlods. The complete housing stock meets the Decent Homes Standard. FINANCIAL REVXEW Flnanclal position The flnancial results for the year are set out on page 6. The Registered Soclal Landlord retains sufficient reserves to maintain the alrnshouses. Reserves held at 31st December 2025 were £2,061,335 (2024 1,903,788), of whlch £952,654 Is held as the endowment fund and £315,551 is held a5 restricted fLJnds. The char4ty'5 unrestrscted funds as 31st December 2025 amounted to £793,130. Page I
THE JOMN HENRY KEENE MEMORIAL HOMES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 FUTURE PLANS The Trustees retnain consclous of the need to budget for the ltsng-term malntenance and improvements. Maintenance contributlons had been raised over previou5 years to achieve a level c105e to 'target rent, for the Chelmsford area, This has improved the financlal position OF the charity and aided the recent programme of Improvements to the housing stock. At thelr meetlng in January 2026 the Trustees agreed to increase the weekly malntenance contributions by 4.8Vo in line wilh the Regulator of Social Houslny guidellnes Ilnclusive of water sewerage charges} effective from ISL April 2026. During the coming year the Trustees wlll ¢ontinuE to install easy access shower rooms and new kitchens ès approprlate, both when there are volds ènd for existlng residents. The back dtrors of the bungalows will all be PaInted in line with the Maintenan schedule. The front flower beds have been redeslgned, and the new design will be implemented in 2026, to make the area more approprlate for changing environmental conditlons aTrd ease of maintenance. All the remaining paving around the site will be re-latd to remove potential trip hazards, Areas where bricks have 'blown will See those bricks replaced. All requlred Landlord safety Checks will be carried out. The reseNe maintained for replacement of the communal room now stands at £210,000 and Trustees are considering options to upgrade, rather than totally replace the building. STRUCTURE. GOVERNANCE AND MANAGEMENT Governlng document The charlty is controlled by its governing document, a scheme of the Charlty Commission and constitutes an unlncorporaled cliarlty. Charity constltution The ch3rlty was founded by a trust deed dated 29 November 1932 as amended by a supplemental deed dated 30th October 1933 and Is r>ow govemed by a scheme of the Charity Commlssion dated 10th May 1988 with vIsIOnS made by resolutlon on the Ilth of October 2022. The Charity is reglstered as a charity under the Charities Act 2011. It is also a Registered Soclal Housing Provider, whlch status takes priority over its charitable status For reporting purpose5. Recruitment and appointment of new trustees The Trustees of th@ Registered Social Housing Provider are shown on page 3 of these accounts. The appolntment of the Mayor of Chelmsford is an ex-offiao appolntment. One Trustee Is nominaled by each of Chelmsford Cathedral, the Parochial Church Council of the Ecclesiastical Parlsh of St Mary the Virgin, Great 8addow and the Parochial Church Council of the ecclesiastical Parlsh of St Michael and All Angels, Galleywood. The remalnlng Trustees are appolnted by the Trustees. Organisational structure The governing body is also responslble for the management of the Reg15tered Socsal Housing Provider, with day-to-day admlnlstration in the hands of the Clerk and employed staff. REFERENCE AND ADMZNISTRATIVE DETAILS Registered Charity Dumber 220807 Prlnclpal address CIO The Old Barn, Parsonage Road Takeley Blshops Stortford Hertfordshire CM22 6QX Page 2
THE JOHN HENRY KEENE MEMORIAL HOMES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 rrustees L Foster D J l41isbey D Fenton J Halsteèd Ireslgned 8.7.25) I Shaw D Lumley M Bodley J Deakin P Adlington C Mlller (appotnted 15.4.25) Independent Ex8mlner Clemence Hoèr Cummlngs Chartered Accountsnts Rlverside House 1-5 Como Street Romftird Essex RM7 7DN Banker5 Barclays Bank PLC 2 High Street Chelmsford CMI IBG REGULATOR OF SOCIAL HOUSENG REGISTERED NUMBER A3937 Approved by order of the board of trustees on by- and slgned on Its behalf D Lumley - Trustee
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE JOHN HENRY KEENE MEMORIAL HOMES Independent examiner's report to the trustees of The John Henry Keene Memorral Home5 I report to the chèrlty trusteeg on my examinatlon of the accounts of The lohn Henry Keene Memorial Homes {the Trtsstl for the year ended 31 Dember 2025. Responsibilities and basls of report As the charity Irustees of the Trust you are responsible for the preparation of the accounts In accordance with the requirements of the Charitie5 Act 20111'the Act'l. l pOrt in respect of my examinatlon of the Trust's accoLJnts carrled out under Sectlon 145 of the Act and In carrylng out my exarnination I have followed all applicablE Directlons given by the Charity Commi55ion under Section 145{5llb) of the Act. Independent examiner's statement Since your charlty's gross Income exceeded £250,000 your examiner must be a member of è 115ted body. I can confirm that l am qualified to undertake the examination because I am a member of the InStite of Chartered Accountants in England and Wales, which Is one of the Ilsted bodies. I havE completed my examination. I conflrm that no material matters have come to my attention In connectlon wlth the examination glvlng me cause to belleve that In any materlal respect., accounting recorés were not kept in respect of the Trust as required by Section 130 of the Act- or the accounts do not accord with those records; or the accounts do not comply with the applicable requirernents concerning the form and content of accounts set out In the Charlties (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of n Independent examlnatlon. I have no concerns and have come across no other matters in connection with the examination to which attentlon should be drawn in thls report in order to enable a proper understanding of the accounts to be reached. Davld Belbln Bsc BFP FCA DChA Clemence Hoar Cummings Chartered Accountants iverside House 1-5 Como Street Romford Essex RM7 7DN Date: Page 4
THE JOHN HENRY KEENE MEMORIAL HOMES STATEMENT OF FINANCIAL ACTJVITIES FOR THE YEAR ENDED 31 DECEMBER 2025 2025 Total tunds 2024 Total funds Unrestrlcted funds Restrlcted fund Endowment fund Notes INCOME AND ENDOWMENTS FROM Charitable activities 255,044 7,369 262,413 253,502 Investment income 27,950 27,9SO 30,433 Total 282,994 7,369 290,363 283,935 EXPENDITURE ON Charitable activities maIntenaCe of social housing 156,857 33,613 190,470 185,251 Net galns on investments 7,056 50,598 57,654 24,910 NET INCOME Transfers betw#en funds 126,137 (85,175) 7,056 24,354 85,175 157,547 li L23,594 Net movement in funds 40,962 7,056 109,529 157,547 123,594 RECONCJLXATION OF FUNDS Total funds brought forward 752,168 308,495 843,125 X,903,788 1,780, 194 TOTAL FUNDS CARRIED FORWARD 793.13D 315,551 952,654 2,061,335 1,903,788 The notes form part trf these financlal statements Page 5
THE JOHN HENRY KEENE MEMORIAL HOMES BALANCE SHEET 31 DECEMBER 2025 2025 Total funds 2024 Unrestricted funds Restiitted fund Endowment fund funds Notes FIXED ASSETS Tangible assets Investments 1,318,748 112,450 1,318,748 428.001 1,267,186 370,347 315,551 315,551 1,431,198 1,746,749 1,637,533 CURRENT ASsErs Debtors Cash at bank and In hand 3,201 803,499 3,201 803,949 14,340 746,554 450 806,700 450 807,150 760,894 CREDITORS Amounts falling dLJe withln one year (13,570) (13,570) {8.2761 NET CURRENT ASSETS 793,130 450 793,S80 752.618 TOTAL ASSETS Less CURRENT LXABILZTIES 793,130 315,551 1,431,fA8 2,540,329 2,390,151 PROVISIONS FOR LXABILITIES io (478,994) {47B,994) {486,3631 NET ASSETS 793,130 315,551 952,654 2,061,335 1,903,788 FUNDS Llnrestricted funds Restrleted funds Endowmettt runds li 793,130 315,551 952,654 752,168 108,495 843,125 TOTAL FUNDS 061,335 1,903,788 The financlal statements were approved by the Board of Trustees and authorised for issue on ..}4tth..A.<.E..,&....lti.èé-. and were slgned on Its behaEF by.. D Lumley - Trustee M Bodley - Trustee
THE JOHN HENRY KEENE MEMORIAL HOMES CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2025 2025 2024 Notes Cash flows from operating activitles Cash generated from operatioiis 143,696 122,069 Net cash provided by operating activities 143,696 122,069 Cash flows from investing activities Purchase of tangible fixed assets Irkterest received (&S,175) 25,118 {114,0211 27,734 Net cash used in investtng activities (60,057) (86,2871 Cash flows from financlng actlvllles Income attributable to endowment Expenditure attribLJtable to elldowment 7,369 (33,613) 7,368 (36,6841 Net cash used in financing actlvltles (26,244) (29,316) Change in cash and cash equivalents in the Yeporting perlod Cash and cash equivalents at the beginning of the reporting period 57,395 6,466 746.554 740,088 Cash and cash equivalents at the end of the reporting period 803,949 746,554 The notes form part of these financial statements Page 7
THE JOHN HENRY KEENE MEMORIAL HOMES NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2025 RECONCXLXATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTLVXTfES 2025 2024 Net income for the reporting period (as per the Statement of Financial Activitles} Adjustments for: Depreciation charges Gain on inveslments Interest received Income atirlbutable to endowment Expenditure èttrlbutable to endowment Oecre8se/lincreasel In debtors Decrease In creditors 157,547 123,594 33,613 {57,654} (25,118) (7,369} 33,613 11.139 (2,075} 36,684 124,9101 127,734) {7,3681 36,684 (9,685) (5,1961 Net cash provlded by operations 143,696 122,069 ANALYSIS OF CHANGES IN NET FUNDS At i,1.25 Cash flow At 31.12.25 Net cash Cash at bank and In hand 746,554 57,395 803,949 746,554 57,395 803,949 Total 746,554 57,395 803,949 The notes form part of these financial statements Page 8
THE JOHN HENRY KEENE MEMORIAL HOMES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 ACCOUNTING POLICIES Ba515 of preparing the financial Statements The John Henry Keene Memorial Homes is a registered charSty and a private registered provlder of 50clal housing in the United Kingdom. The address of the registered offfiTr is given in the charity information on page l of these flnanclal statement5. lohll Henry Keene Memorial Homes constitutes as a public benefit entity as defined by FRS 102. These financial statements have been prepared in accordance with appllcable accounting standards includlng Statement of Recommended Practice applicable to charities preparlng their accounts in accordance wlth Financial Reportlng Standard appllcable in the UK and and Republic of Irelènd IFRS 102) as arnended in July 2019, the Statement of recommended Practice for Social Ilousing providers in 2014 (the SORPI and with the Accounting Direttion for private registered prOverS of social housing in England 2015. The flnancial statements are also prepared under the requirements of the Housing Regeneration Act 2008 and the Co-operative and Community Senefv"t SocietSes Act 2014. The Financ¥al staternents have been pPared on a going concern basis under the historical cost conventlon. The significant accounting policies applied in the preparation of these financial statement are set out below. The policies have been consistently applied to all years presented unless othenvise stated. Critical accounting judgements and key sources of estimation uncertainty The Trust makes estimates and assumptions concerning future performance. The resulting accountlng estlmètes wlll, by deflnltion, seldom equal the actual results. The estimates and assumptlons that have a slgnificant risk of causlng a materlal adjustment to the carrylng amount of assets and Ilabilitieg are set out bel(>w'. Revenue recognitlon Revenue is recognlsed to the extent that It is probable that the econornic benefits will flow to the charity and the revenue can be reliably rneasured Although thls is not consldered to be a complex judgement to the charity, revenue recognitson is still consldered a erltlcèl accountlng pollcy. Classification OF property Properties held for social benefit as opposed to comrnercial gain are classifled within tanglble flxed ssets and not Investment prOpereS. Incomln9 resources The policie5 followed in respect Df income, voluntary aSS15tance, and donatlons, are.. Malntenanc& contributions represent incoTne receivable From resldents ft)r houslng accommodatlon, net of volds from vacant accomodation. Donatlons and legacies are recognised when there is entitlement, probablllty of receipt and when the amount can be measured wlth suffldent reliabillty. Resources expended These accounts are prepared in accordance with the accruals concept. All expenditure Is recognised once there Is a legal or constructive Dbligation to make a payment to a third party. All costs are attrlbuted on a dlrect basls. Fixed assets, depreciation and social housing yrant Tangible flxed a5set5 housing propertie5 are stated at cost less accumulated depreciation. Freehold properties excluding the estimated cost of land, ère depieclated as detalled below. Expenditure incurred on the renewal of the components OF the RegÉstered Social Housing Provider's building are cèpitallsed and deprecloted on a straight line basis over their estimated useful lives. Depreciation Is charged agalnst properties on a straight line basis.. Freehold Components are depreclated uslng the following rates.. Page 9 continued...
THE JOHN HENRY KEENE MEMORIAL HOMES NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2025 ACCOUNTXNG POLICIES - eontinued Fixed assets, depreciation and social housing grant Windows & doors 20 years Kitchens 20 years 8athroom5 30 years Roofs 70 years Bollers Elertrics Wiringi plumblng Structure 15 years 40 yeèrs 30 years 100 years Equlpment 5 years Social housing grant5 can be c131med towards the cost of major works and have been received to finantr the development of socSal housing pic>perties. These grants are recognised at the fair vèlLJe of the asset received or receivable. As the asset5 are accounted for using the cost model then the government grant Is accounted for using the accruals model. The falr value of the grant 15 recogniseLI as a liabillty and arllortlsed over the useful economic Ilfe of the asset, This amortisatlo is recognlsed withln Sneome. Government grants recelved as contrlbutiott5 to revenue are recognised within the Statement of Comprehensive Income on a 5y5tetnatic basis over the period in which the landlord CognIseS the related costs for which the grant is intended to compensate. The related expendtture is included under cost of sales. Grants are r8cogni%ed in the same period a5 the related expenditure provided the conditions for receipt have been satisfied and there Is reasonable assurance that the grant will be received. A soclal houslng grant was ceIved to finance the developrnent of social houslng propertles. The grant Is rectsgni5ed at fair value and amortised over the useful life of the asset, The amortisation Is recognised within the Statement of Flnanclal Actlvities. Although the Social housing grant Is treated as a grant for accounting purposes it Is nonetheless repayable under certaln clrcumsrancest prirnar41y following the sale of a property. Taxatlon The charity is exempt from corporation tax on Its charltable activltles. Fund accounting Extraordinary repalr filnd In accordance wlth the Schetne of the Charity Commlssion, provSslons are set aside each year out of malntenance contributlons at the discretion of the Trustees in accordance wlth the advice of The Natlonal Assoclatlon (>f Altnshouses, Actual expenditure incurred Is written off tts the relevant provisions. This 15 a restricted fund. Dlvldends recelved on the accumulation shares are immediately re-lnvested and they are not recorded as incctne until the investrnent galn is reallzed. MaintenancÈ fund Funds are designated annualty in the Trust's budget to cover routine and cyclical maintenance Items likely to be Incurred durlng any period of one year. This is a designated unlnvested fund whlch Is calculated In accordance wlth the advi of The National Association of Almshouses. Any surplus arlslng In the year Is returned t(> general funds. Pension costs and other post-retirement benefits The charity operates a defined contrlbullon penslon scheme. Contrlbutions payable to the charity's penslon scheme are charged to the Statement of Flnancial Actlvities in the period lo whlch they relate. D¢btors and creditors recelvabl¢/ payablé withln tsr*e yèar Debtors and creditor5 wlth no stated interest rate receivable or payable wlthln one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income in other aéministratlve expenses. Fixed asset inve$tm¢nts Page 10 ctrntlnued...
THE JOHN HENRY KEENE MEMORIAL HOMES NOTES TO THE FINANCIAL STATEMENTS- eorttÉnEJed FOR THE YEAR ENDED 31 DECEMBER 2025 ACCOUNTING POLICIES- contlnuÈd Debtors and creditors receivable/ payable within one year Flxed asset ir)vestnient5 are revalued to market value at each year end. The gain or loss on revaluation is credited or charged to the approprlate fund. INVESTMENT INCOME 2025 2024 Investment Income Deposit account Interest Other income 2,832 24,175 943 2,699 27,063 671 27,950 30,433 TRUSTEES, REMUNERATION AND BENEFITS There were no Trustees, remunerations paid or other beneflts for the year ended 31st December 2025 nor for the year ended 31st Dember 2024, Trustee5' expense5 The lohn Henry Keene Memortal Homes incurred expenditure for Trustee liability cover totalling £452 during the year (2024: £433) for the benefit rif the Trustees. STAFF COSTS 2025 2024 Wages and salaries Other penslon costs 70,984 2,966 68,205 3,367 73,gSO 71,572 Key Management Personnel cost Is £73,951 {2024: £71,572). The average monthly number of employees during the year was as follow5.. 2025 2024 Employees No employees received ernolurnents in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted funds fund Endowment ftjnd Total fund5 INCOME AND ENDOWMENTS FROM Charitable activlties 246,134 7,368 253,502 Investment income 30,433 30,433 Total 276,567 7,368 283,935 EXPENDITURE ON Charitable activities aintenance of social housing 148,567 36,684 185,251 Page 11 continued...
THE JOHN HENRY KEENE MEMORIAL HOMES NOTES TO THE FINANCIAL STATEMENTS- contiiiued FOR THE YEAR ENDED 31 DECEMBER 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTXVLTXES- continued Unrestricted Restricted Endowment funds fund Fund Total funds Net galns on Investments 22,904 2,006 24,910 NET ZNCOMEI(EXPENDITURE) Transfers between fund5 128,000 (L14,0221 22,904 127,3101 114,022 123,594 Not movement in funds 13,978 22,9C14 86,712 123,594 RECONcfLIATION OF FUNDS Total funds brought forward 738,190 285,591 756,413 1,780,194 TOTAL FUNDS CARRIED FORWARD 752,168 308,495 843,125 1,903,788 TANGIBLE FIXED ASSETS Freehold properly Plant and machlnery Totals COST At l January 2025 Additions 1,855.503 85,175 10,918 1,866,421 85,175 At 31 December 2025 1,940,678 10,918 1,951,596 DEPRECIATION At l January 2025 Charge for year 589,757 33,325 9,478 288 599,235 33,613 At 31 December 2025 623,082 9,766 632,848 NET BOOK VALUE At 31 December 2025 1,317,596 1,152 1,318.748 At 31 December 2024 1,265,746 1,440 1,267, 186 The tangible flxed assets consist of houses and flats whlch are used for th2 furtherance of the objective5 of the Registered Social Landlord and ère fundamental to its operation. Addltions consist of improvements and refurbishments of the properties. FXXED ASSET INVESTMENTS Extraordlnary Repair Fund NAACIF Aceumulation Shares Permanént Endowment NAACIF Income Shares 2025 Total Valuatlon at 1st January 2025 evaluation to Market Value 308,494 50,598 61,853 7,056 370,346 57,654 Valuation at 31 December 2025 359,092 68,9Q9 428,000 Pa¢Je 12 continued...
THE JOHN HENRY KEENE MEMORIAL HOMES NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 other debtors 3,201 14,340 CREOITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Other credltors 13.570 8,276 10. PROVISIONS FOR LIABILITIES 2025 2024 Provisions 478,994 486,363 2025 2024 Social Houslng GraTrt At l January 2025 Released to Income 486,363 (7,369) 493,732 17,3691 Balan carried forward at 31 December 2025 478,994 486.363 The amount of grant originally recelved was £736,9C19. The grant Is repayable In certain Circumstan$, primarily following the sale of a property, but wlll normally be restricted to the net proceeds of sale. ii. MOVEMENT IN FUNDS Analysi$ of funds during the year Blfwd at lJan 2025 471,994 195,000 308,495 Clfwd at 31 Dec 2025 583,130 210,000 315,551 Xnvestment Gain Fund General Deslgnated Restrlcted Permanent Endowment Income 282,994 Expenses Transfers (156,858) (100,1751 15,OOD 7,056 928,300 7,369 (33,613) 85,175 50,598 952,654 Totsl 1,903,789 290,363 {190,4711 57,654 2,061,335 Analysis of carried forward funds Net Current Assets 596,7QO 210,000 Cjfwd at 31 De¢ 2025 583,130 210,QOO 315,551 Fund General Deslgnated Restricted Permanent Endowment Flxed Assets Investments Provisions {13,5701 315,551 1,318,748 112,450 450 1478,994) 952,654 Total 1,318,748 428,000 807,15Q (492,5641 2,061,335 The Restricted Income Fund The restrlcted income funds represent funds given to the Charlty to pay for extraordinary repair5. This has been invested and 3n unrealised Investment gain of £7,056 (2024 unrealised investment gain £22,904) has been reflected in this ftjnd. Page 13 Ix>ntinued...
THE JOHN HENRY KEENE MEMORIAL HOMES NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2025 ii. MOVEMENT IN FUNDS- continued The Permanent Endowment The permanent endowment is the fund of the RegISted Social Housing Provider mainly invested in the property owned ènd maintained by the Trustees for the purposes described in the Trustees Report on pages 2 and 3. The amount invested in fixed assets less depreciation and the balance on the NAACIF income share5 represent the Registered Social Housing Provlder'5 penanent endowment. Transfers from the Ljnrestrlcted fLJnd to the endowment funds of £85,175 {2024.' £114,022) represent flxed asset additions net of endowment income received im the unrestricted funds. The Designated Fund The designated fund is a provlsion for the future replacetnent of the Raven Room, amountlng to £210,000 (2024.. £195,000). 12. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 December 2025. Page 14
THE JOHN HENRY KEENE MEMORIAL HOMES DETAILÈD STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025 2025 2024 INCOME AND ENDOWMENTS Charitable activities Grants Maintenance contributlons 7,369 255,044 7,369 246,133 262,413 253,502 Investment income Investment Income Deposit actount interest Other income 2.832 24,175 943 2,699 27,063 671 27,950 30,433 Total Incoming resources 290,363 283,935 EXPENDITURE Charitable activities Wages Pension5 Rates and water Insurance Light and heat TelephoTre Postage and statlonery Sundries Repalrs ènd fflaintenarice Alarm fees and line rental Garden expense5 Freehold property depreclation Plant & machinery depreciatlon 70,984 2,966 14,134 5,501 3,974 691 516 903 39,644 5,182 3,760 33,325 288 68,205 3,367 14,033 5,983 2,192 860 171 950 38,602 5,0.l8 3,320 36,324 360 181,868 179,385 Support costs Management Examination and accounts fee Bank charges and interest SLJbscriptions Legal and professlonal Computer expenses 3,741 158 2,483 2,100 120 3,552 107 2,087 120 8,602 5,866 Total resources expended 190,470 185,251 Net income before gains and losse5 99,893 98,684 Realised recognised gains and lo$$es Realised gains/(10sse51 on lixed asset Investments 57,654 24,910 Net Éncome 157,547 123,594 Thls page does not form part or the statutory flnandal statement5 Page t5