2024-03-31-accounts

HENRY BOYS ALMSHOUSES FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH, 2024 Housing Corporation No.. A4063 Reg5stered Charlty No: 221456

HENRY BOYS ALMSHOUSES CONTENTS PAGE Board Report Independent Audltols Report Stalefflent of Comprehenslve Intoniè Ilncluding Income & Expenditure Account) Balan￿ Sheet Statement of Changes In Reserves Noles to the Financial Statements 8- 11

HENRY BOYS ALMSHOUSES BOARD REPORT FOR THE YEAR ENDED 31ST MARCH, 2024 ons Houslng Assoclatlon and Charlty legi5￿tiOn requlre Trustees to prepare nnancuil Statenients for each financlal vear, whkh glve a t¥ue and lair vlew of the state of affairs of the Charrty as at the end of the financla1 year and of the surplus or deficit for that period. In preparlng the Flr>anclal Statenients, sultable accouiitlng pollcles have beeii adopled and COn￿51entlY applled, to Ihe be51 or the TTU5tee5' kTrowled9e and belief, by reference to reèsonèble and pruijent ludgen3ents and esumates. Applicabk accounlSng standards have been followed. The Trustee5 are re5POll5ible for malnlaining adequate accounting records, lor safeguardlng the assets of the Charity and for preventiiig and detectlng fraud and otl)er Irr￿ularIt[eS. The Trustees are also required to Indicate where the Financlal Stalements are prepared other than on the basi5 that the charity is a going concern. The trustees of the Charlty regularfy revlew the Charity's flnances to determlne the minlmum amount of reserve5 requlred for the day lo day rnanagement of the Charfty In order to provlde for the fulure. Any amounts over and above thls mlnlmum are Snvested back inlo the Charity En the r￿rtheranCe of Its oblecbves sel out In its Scheme, The Ch3rity 15 constituted under Uie scheme o124tli June 1991, as amended 8th Au9USt 2018, as aniended 23rd March 2021, all re9lslered wlth the Charity Commsslon. The Charity is required lo wo¥k wlthSn the parameters of ￿ Scheme In respect of how and where A can recruf( new Trustees. ￿ part of the M3nageTrient Agreement between the Charity and GreenSquarcAccord, the appoiiiled managing agent for the Almshouses, one of the serwlces GreenSouareAccord provhyes Is advlce and support to ensure the Charity's adherence to Its consllluttng Ttusl Deed and Scheme. This Includes tralnlng and admSnLstratlve supporl In appolntmenl of new trustees. evlew of o eration$ The Charlty's objects are to provlde Home or Homes for poor or Inflrm persons aged 60 years or over. The Charity owns an Almshouse. situated at 1 - 12 Henry Boys Almsliovses, Wednesbury Road, Wal￿51, West Mldlands, WSI and comprfses of twelve unfits for occupation by persons not less than 60 years of ège, subject to the discretion of the Trustees. The trvstees have had due regard to guldance publlshed by the Charity Coinmlsslon oth publlc benent. The Charity is reglstered ¥vith The Chdrlty Commtssloners INumber.' 2214561, and ¥vlth the Homes and Communities Agency INumber: A4063}, and co￿$tituted by a Deed of Tnjst dated 24th June 1991, as amended on 31 March 2021, The da￿tO.daY management and admlnistratlon of the Almshouses Is carfled out by GreenSqu8reAccord Llrnlted nd overseen by the Board, whlch conslsts of the Trustees of the Charfty. The free reserves of the charlty, after deductlng fixed assets and related Soclal Houslng Grant liabllity, amounted to £200,49212023 É189,1781, The Irustees consider th15 Is adequate to meet unexpecled oullays. The performance of the charty is as dI￿lOsed In the flnancial statements pages S to 11. The Trustees consider that the charity Is in a sound flnanckl posllloth at the year-end. DISCLOSURE OF INFORMATION TO AUDITORS So far 3s the Irustees are aware there Is no relevant audit information of whlch the charlvs audltors are unaware, and each trustee has taken all steps thal he o¥ she ought to have taken as a tiustee In ordei to make hImSe￿ OT herself aiyare of any relevant audlt Informatlon and to estab115h that the chartty's audllors are aware of that InfortTratlon. The Truslees who have served the Charity durlng the year are as follows.. Norman Matthews Tina Jukes Nell Walker Mohammed ATif Tracey Purshouse Cllr Aftab Nawèz Ch3Aolte Holnies Susan Stone For and on behalf Df the 8oard Date ///

HENRY 80YS ALMSHOUSES INDEPENDENT AUDITOR'S REPORT TO THE BOARD OF HENRY BOYS ALMSHOUSES Opinlon We have audited the finèndal statements of Henry Boys Almshouses (the 'association? lor the year ended 31 March 2024 whlch comprisé of a statement of CoMprehen￿ve income, a balance sheet and notes to the financièl ststements, induding a sunimary ol signlfKant accounting policies. The financial reportlng frarnework that has been applied in their preparation is applicable law and United ￿ngdoM Accounting Standards, Including Financial ReF)Orting Standard 102 The FinBnual Repothng Sta17dèrd applicable the Koiid Republic of Ireland Iunlted Kingd￿￿ Generalty A(￿pted Accountiiig Practice). In our oplnlon the flnarrial statèments.. gfve a true and falr view of thè state of the association's affalrs as at 31SI March 2024, and of its Incoming resources anLS application of resources, Includbng Its iniorne and expenditure, for the yea¥ then ended., have been properly prepared in accordancE With United Kingdom Generally Accepted Accountlng Prattl￿,. and have been prepared In accordance with the requirements ol the Charities Act 2011, the Houslng and Regeneration Act 2008 and the Accounting Dlrectlon for private reglstered proiders ol soclal housing in England 2022. Basis for oplnlon We conducted our audlt In accordaiice wlth Iii¢ernational Standards on Auditii)g IUKI (ISA5 IUKI) and applicable law. Our responslblllues under those standards are further described In the Auditors responsibililEs for the audit of the financial statEments Qttion of oiir report. We are independent of the a5￿CIatIon in accordance wrth the ethlcal requlrements that are relevant to our audit of the financlal Statements In the UK, Including the FRC'S Ethical Standard, and we have fulfilled our otl)er ethical responsibilit￿S in accordance wlth thes2 requlremEnts. We believe that the audit eviden￿ we have obtained is sufficlent and appropriate to provide a basis for our oplnion. Conclusions relating to goln9 concern In auditing the finandèl stètement5, we have concluded that the board's use ol the golng concern bags of accounting in the preparation of the fiiianoal statenients is appropriate. Based on tlie work we have performed, we have not idei)tlfied any material uncertalntieg relating to ev&nts or conditiDns that, ind1vidually or Co1￿CtIve1y may ca* significant doubt on the association's ability to continue as a going concern for a peiiod of at least tWe￿e months from when the financlal statements ère èuthorSied for15sue. Our responslbllltles and the responsibilities of the board with respett to going concern are described in the relevant section5 of this report, Other information The othÈr information con)prlses the Informatlon Inclksded In the board report, other than the financlal statements and our audttor's report thereon. The board are responsible for the other InformatlDn containéd wlthln the board ieport. Our opinion on the financlal statements does not tover the other information and, except to the extent otherwise explkilly stated in our report, we do not express any form ol assuran conclusion thereon. Our responslbllity Is lo read the other inlorrnation and, in doing so, Con￿rIer whether the other Information is materlally inconsistent with the financial statements or our knowledge obtained in the Course of the audit, or otherwise appears to be materially mlsstèted. If we identify such material inconsistencles or apparent niaterial mlsstatements, we are required to delemTrine whether this gives rlse to a Matèrial mi55tatewent in the flnanck41 statcmonts themselves. If, based on the work we have perforTn&d, we condude that there Is a material misstatement ol this other inloimatSon, we are required to rep(yt that fact. We have nothlng to report in this regard.

HENRY BOYS ALMSHOUSES INDEPENDENT AUDITOR'S REPORT TO THE BOARD OF HENRY BOYS ALMSHOUSES Matters on whl¢h we are requlred to report by exceptlon We have nothlng to report in respert of the following matters in relation to whlch the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, In our opinion.. the information given in the flnandal statements Is inconslstent In any materlal respect wlth the board report,. or sufficient accounting re¢orOs havè not been kept,. or the flnanclal statements are not in ag￿ement with the accounting records,. or we have not re￿iVed all the Informatlon and explanatlons we reoulre for our audr(. In èddition, we have nothing to ieport In respect of the followlng matter where the Houslng and RegeneratlDn Act 2CI08 requlres us to report lo you if, In our opinion: a satlsfartory system of contrd over Iransaction5 has not been rllalntsined. Responslbllltles of the board As explained more fvlly in the board's responslbllltles statement [set out on page 11, the board membeis {who are also the trustees ol the associatiors foT the purposes of chartty law} are responslble for the preparation of Ilié financl31 statements and for belng satisfied that they give a true and fair view, ancl fol such internal control as the board deterrnine is necessary to enable the preparation of finandal statements that are free from material misstatement, whether due to fraud OY error. In preparln9 the financial 5tatenienls, the board Is reSpon￿ble for assesslng Ihe association's ability to continue as a going COn￿rn, disdosing, as applicable, matters related to oolng concern and uslng the going concern basis of accountin9 unless the board either Intends to liquidate tlie association or lo cèase operations, Dr has no realistic alternative but to do so. Audltorfs responsibilities for the audit of the financial statement$ Our objettives are to obtaln reasonable assuran￿ aLK)ut whether the financial statenients as a whole are free from material mlsstatement, whether due to fraud or error, and to issue an audltor's report that includeg our oplnlon. Reasonable a￿uranCe is a hlgh level of assurance, but is not a guarantee that an audr( conducied Iii accordance with ISAS {UKI will always detert a Materlal mlsstatement when it exists. Misstalemcnts arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected lo Influence the economlc declslons of users taken on the basls of these Inancial statements. We have been appointed hs auditor under section 1441 of the Charrties Att 2011 and *ctlon 136 of the Housing and Regeneration Act 2008 awxl report In accordan￿ wlth regulations made under settion 154 of the Charllies Acl 20113nd sertion 137 of the Housing and Regeneration Act 2008. The specific pmcedures lor thig engagement and the extent to whlch these are capable ol detethng Irregularities, including fraud is detslled below: In identifyiry allLrf èssesyn9 risks of material mlsstatement In respeLt of irregularrties, including fraud and non-compliance wlth laws ai)d regulations, we COn￿dered the followin9.' the nature of the sectr)r, control environment and business performance,. enquiiies of management about their identification and assessn)ent of the risks of irregularities,. any matters we identified haifjng reviewed the assodatlons procedures lor CL¥nplying with laws and regulation5, and syhelher they were aware of any Instances of noii-con)pliance, and any actual, suspected or alleged fraud. The key laws and regulations we considered in this contexl i￿luded the Charities Ad 2011, and the Houslng and Regeiieralion Art 2008. OUT procedures to respojd lo Identified induded the following..

HENRY BOYS ALMSHOUSES INDEPENDENT AUDITOR'S REPORT TOTHE BOARD OF HENRY BOYS ALMSHOUSES revlewing the financlal statement disclosures and testSng to 5UPPQrting documentatlon,. enouirlng of management concerning potential litigatlon and claln)s- performing analytical procedures to Identify 3ny unusual or ¢Jnexpected telalionshlps that may Indlrate sks of material mi55tatenient due to fraud., testing Ihe appropriateness of journal entr￿5 and other adjuslments, assessing whether accountlng estimates were indicative of a potential bias, and evaluating any signifiunt transactions that were unusual or outslde the normal course of buslne5S. We als(> remained alert to any indicauons of fraud or non-compliance with laws and re9ulatlong throughout the audit. Because of the inherent limitations ol an aucslt, there Is a rlsk that we will not detect all irregularities, induding those leadlng to 8 material misstatement in the financial statements or non-compliance with regulatlon. Thi5 risk increases the mDre that compliance with a law or regulation is removed from the events and tra￿￿ttIOnS reflerted in the financial statements, as we will be less likely to become aware of nstances ol non-compliance. Ttie risk is also greater regarding irregularitles occurring due to fraud rBtlier than error, as fraud involves IntentionBI concealment, forgery, colluslon, omisslon or misFepreseritation. A further descrlptlon of our responsibilities is availablè on the Finaiiclal Reportlng CounciS'5 web&te. Thls descrlptlon forms part of our auditor's report. Use of our repLIrt Thls report is made sofely to the assoclatlon'g board, as a body, in accor(San￿ wfch Part 4 of the Charities (Atcounts and Reports) Regulation5 2008 and sectlon 137 of the Housing and Regeneraticjn Act 2008. OLir audit work h85 been undertaken so that we rnight state to the associètion's board tho* matters we are requlred lo state lo them in an auditor's report ond for no other purpo>se. To the fullest extent permitted by law, we do not accept or assume responslbllity to anyone other than the assotiation and the a551xlatlDn'5 board a5 a body, for our audit work, for this report, or for the oplnions we have formed. "C￿1n Audll Ltd Statutory Auditor Chartered AccountaDts Church Court stourbridge Road Halesowen West Midlands 8633 Date

HENRY BOYS ALMSHOUSES statement of Comprehensive Xncome (Indudlrty Income and expenditure Account) for the year anded 31st March, 2024 Note 2024 2023 Turnover., 63,655 62,204 Operating Costs: Management Services Doy to Day Maintenan Voidlmajor Repairs DepTeclallon {18,4061 13,7381 {17,4211 (11,2291 118,0861 13,1471 13,0571 14,603) Operating Surplus 3,874 24,780 Interest Re￿1vable and Other Incorne Movement in Fair Value of InveslJnents 6,522 2,310 Surplus on ordlnary activities before taxation 12,759 26,088 Tax on surplus Surplus for the flnanclal year

HENRY BOYS ALMSHOUSES Balance Sheet for the Year Ended 31st March, 2024 Note 2024 2023 FIXED ASSETS Housing land and buildings (net of depreciatlon) 581,4DD 581,888 Investments 609,486 607,611 CURRENT ASSETS Debtors Cash at Bank io 1,618 961 2( 211,613 206,999 CURRENT LIABILITIES Creditors.. Amounts falling due within one year 32 NET CURRENT ASSETS 03 TOTAL ASSETS LESS CURRENT LIABILITIES 8QL521 Creditors: Amounts falllng due after one year 12 0_97thfi3J NET ASSETS CAPITAL AND RESERVES Unrestritted ReseNe 13 608,659 595,900 The Financial Statements were approved by the Trustees anos signed on behalf ol the Board by., Trustee Trustee 20 L .,4 2024 Date

HENRY BOYS ALMSHOUSES Statement of Change5 In ReseNe5 for the Year Ended 31$t March, 2024 2024 Total Reserve 2023 Total ReseNe At l Aprll 2023 595,900 569,812 Total Comprehenslve Income At 31 March 2024

HENRY BOYS ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH, 2024 PRINCIPALACCOUNTING POLICIES The Henry Boys Almshouses Is established as an unincorporated charity under Ihe Char5tleg Act 2011 and 15 a private registered provider ol social housing In the United Klngdom. The addresses of the places of buslness are given in the revlew of operations 011 Paye l of these financial statements. The nature of tlie charity's operatlons and prlnclp31 activities are to provide relief for the perg)ns in hardshlp by the provlsion of ￿n)shOuse5 accLynmodation. The Charty constltutes a publlc benefit entlty as defined by FRS 102. The Finanaal statements have prepared In accordance with applicable accounting standards including Flnanclal Reporting Standards 102 'Tlie Flnancia1 Reportlng Standards applic3bl@ in the UK and Republic of Irelancl, IFRS 1021, th& Ststernent of Reconiwended prattl￿ for 5oclal Housing Providers 2018 ISORP 20181 and wtih the Accounting Direction lor private reglstered providers of social houslng in England 2022. The Financlal St61ements are also prepared under the requlrements of the Housing and Regeneralion Act 2008. The Finaiiclal Staternenls have been prepared on a goin9 con￿rn basls under the historlcal cost convention, niodified to include certaln r(ems at fair value. The Financlal Statements are preparèd in sterling, which Is the functional currency of the charity. The 5ignffiEant èccounting pollcies applied in the preparation of these financial statements are set out below. These pollcles l)ave been conslstenuy applied to all years presented unlesg otherwise stated. A 5urntTrary of the mole important accounting policles Is set out teltsw. (a) Basls of Accountin9 The Financial Staten)entg arè prepared on the historical cost basi5 of accountlng. Ib) Turnover Turiiover represents rents, and sewlcè charges receivable and amortlsabon of grants received Housing Propertles Durln9 the year ended 31 March 2021 Henry Boys Almshouses èdopted full compDnent ccountin9 in relation to the tapitslizalion and deprecialiDll of Ils housing pioperty stock. All housing propertles have been spllt between their land, strutture costs and their major components which requlre perlodic ieplacement. Refurblshment or replacement ol such major components Is tapSts1Ssed and depreciated over the estimated useftsl life of the component as 4)own in the table below. Land is not depreciated. Component Estimated useful life in ears 1110 20 30 20 35 Kitchèn Bathroo Boiler & Central Heatln Windows & Doors (d) Governmertt Grants fy)vernment grants, Includlng Social Hou￿Trg Grants ISHGI which was received fiom the Hou%ng Corporatlon In respect of houslng properties, are recognlsed èt the falr value of the asset received or receivable and accounted for using the accrual modèl. They are reccgnised a5 a liabllity and amorti5ed over the useful economlc lifè of Ihe as*t. The amortisalion is recoonised wrihin Turnover. (e) Investments Investments are stated at n)arket value. (f) Cycllcal Rlparrs & Maintenance The Trustee5 have esiablished a regular programnie ol cycl￿81 repairs and m3lnIenan￿. Costs are charged to the Revenue account in the year in which they ale In£uFred.

HENRY BOYS ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31st March, 2024 (g) Extraordlnary Repairs Costs of Extraordinary Repalrs, unless representlng Improvements to the properties are charged to the Revenue account for the yea¥ in whlch they are Incvrred. (h) Value Addèd Tax Henry Boys Almshouse Is not registered for Value Added Tax. In these Financlal statements, where applicèble, expendituie Is shown Incluslve ol VAT. Cash Flow Statement Under FRS 102, the Charity Is not required to produce a Cash Flow Statement. u) Deslgnated Reserves Des1gTrated reserves are part of unrestricted TeseNes whlch have been eamiarked by the Board lor a particular purpose., such de%9nations niay be reversed by future 8oard decislons. Expendtture cannot be dirett5y set against designated reserves but Is taken throuoh the incorne and expenditure account. A transfer is then niade from delgnated reserves as èppropriate. The Capital Fund represents income received In ebrlier years which the trustees ￿50￿ed should be held for the future capital purposes of the Charity. 2. TRUSTEES EMOLUMENTS The threctors are deftned as the Trustees. None of the Trustees recelved any en￿luMentS. 3. EMPLOYEE INFORMATION The Charity employs no staff. 2024 2023 4. TURNOVER Malntenance Contrlbution Service Charge Volds Amortisation of Government Grants 59,205 3,960 13,286) 56,740 4,068 (2,060) 63,655 62,204 5. INYERESTRECEIVABLE AND OTHER INCOME 2024 2023 Bank Interest Invèstment Income 6. SURPLUS ON ORDINARY ACTIVITIES BEFORETAXATION 2024 2023 This is slated after £hargin9: Auditors Rernunerètion Ilncluding VATI In their capacty as Auditois 7. TAXATION Henry Boys, Almshouses is a Registered Charty is, therefore, exempt from liability to taxation on its Incorne and Capital gaSns.

HENRY BOYS ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31st March, 2024 8. FIXED ASSETS 2024 2023 HOUSING LAND AND BUILDINGS- Freehold Cost As at Isi Aprll 2023 Adclttiong 672,737 672,042 As at 31si March 2024 Depreclatlon As at 1st April 2023 Charged in year 90,849 82,318 As at 31st March 2024 Net Book Value At beglnnlThJ of year At end of year Land with an estlmated cost of £65,174 is not ijepreclated. 9. INVESTMENTS 2024 2023 At Valuation.. Charity Commlssloners- COIF Share5 Cost 10. DEBTORS 2024 2023 Prepayn7eiits Contrlbution Arrea¥s 61 9_fi1 11. CREDITORS.. Amounts fallin9 due wlthln one yèar 2024 2023 Trade Creditors Contributioii Prepaid Governmei)t Grant5 Accruals 4,099 2,128 3,456 4,047 976 3,456 12. CREDITORS,. Amounts fèllln9 due After one year 2024 2023 Govèrnment Grants 197 863 io-

HENRY BOYS ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31st March, 2024 13. REVENUE RESERVE Total Total At 151 April 2023 Surplus for the year Transfei lioni Capltal Fund 535,900 12,759 509,812 26,088 Al 3151 March 2024 48 fi&9 DESIGNATED RESERVES Capltal Fund Capltal Fund At irt April 2023 Transfer to Revenue Reserve 60,000 60,000 At 315L Marcl) 2024 14. ACCOMMODATION The charity manages 12 units of hou￿ng for older people.

HENRY BOYS ALMSHOUSES Nicklin Audit Limited Church Court Slourbridge Road Halesowen West Midlands B633 Dear Sirs We confirm to the best c>1 our knowledge and belief, and having rnade appropriate enquiries of other trustees and officials of the Registered Social Housing Provider (RSHPI so that we can properly make each of the following representations to you in connection with your audit of the RSHP'S financial slalements for the year ended 31 March 2024. GENERAL We have fulfilled our responslbillueg as trustees under the Charrties Att 2011, the Hou5Ing and Regeneratior) Art 2008 and the Accounting ReqU1￿MentS for Reglstered Social Landlords General Determination 2006 for preparing financial statements in accorda{)￿ with applicable law and United Kingdom Accounting Stan(Jards (United Kingdom Generally Accepted Accounllng Piacticel, for being satisfied for being satisfied that they give a true and fair Iqew and for maklng accurate representations to you. All the accountin9 records have been made available to you for the purpose of your audSt and all the tran5attions undertaken by the RSHP have been properly reflected and recorded in the accounlrng records. All other records and related Informatr"on, including minutes of all trustee and general meellngs, along with correswndence with the RSHP'S ￿gUlatOry bodyi have been made available to YOLJ. The financial statements are f￿e of material misstatements, including oml551ons. 3. We believe that the effert of uncorrerted misstatements Is Iinmaterial both individually and in total. ENTERNAL CONTROL AND FKAUD We acknowledge our responsibility for the design, implementation and malntenance of internal control systems io prevent and detect fraud and error. We have disclosed to you the regulls of our risk assessment that the financlal statements may be misstated as a lesult of fraud. We have disclosed to you all instances of known or suspected fraud affecting the RSHP Involving trustees, employee5 W have si9nlficant role in internal control or others that coukl have a material affert on the financial statement5. We have also dlsclosed to y(iu all Information in relation to allegatlons ol fraud or suspected fraud affecting the RSHPS finanaal statemer)ts communicated by cuirenl or former employees, iegulators or others. ASSETS AND LIABILITIES S. The RSHP ha5 satisfactory title to all assets ènd there are no lien5 or encumbrances on the RSHP'S assets, except for those that ère disclosed In the notes to the financial statements. 6. We have recorded or disclosed, as appropriate, all liabilities, both actual and contingent, and have disclosed in the notes to the financlal statements all guarantees that we have given lo third parties. 7. We have no plans or intentions that may Materially atter the carrying value ￿ classification of a55ets and Ilabllitles reflected iri the finanrial statements. 8. We have not breached any covenants which might affert any outstanding loans. ACCOUNTING ESTIMATES Significant assuniplioiis tjsed by Us in making accounting esb'rnates, intludie)9 those measured at fair value, ère reasonable. LEGAL CLAIMS 10. We have disclosed to you all claims in connection wilh1itigatlon that have been, or are experted to be. received and such matters, as appropriate, have been properly accounted for and disclosed in the financial statements.

LAWS AND REGULATIONS 11. We have disclosed to you all known instances of non-compliance or suspected non-compliance with laws nd regulations whose effects should be considered when preparing the financial statements. RELATED PARTIES 12. Related party relationships and transactions have been appropriately accouy)ted for and dlsclosed in the financial statements. We have disclosed to you 311 relevant information concerning such relationships and transactions and are not aware of any other matters which require disclosure irb order to comply with the requirements of accounting slancjards, the General Determination or the SORP. SUBSEQUENT EVENTS 13. All events subsequent to the date of the financlal statements whlch requlre adjustment or disclosure have been properly accounted for and dbsclosed. GOING CONCERN 14. We believe that the RSHP'S financial statements should be prepared on a going concern basis on the g¥ounds that current alld future source5 of fvnding or support will be more than adequate for the RSHP'S needs. We have considered a period of twelve rnonths fiom the dale of approval of the financlal statements. We believe that nD further disclosures relating to the RSHP'S ability to continue as a going concern need tcj be mode in the financial slalemenls. OTHER 15. The trustee5 confirm that £65,174 within cost of land and buildlng5 related to the land and this amount is therefore not subject to a depreciation charge in accordance with the accounting policy. 16. We confirm a b818nce of £572 wlhln trade debtors may be irrecoverable, bul has not been 8djusled for in the financial slalemenls. Yours faithfully Sioned on behalf of the trhjard of trustees Trustee Date 20.08.24