2024-12-31-accounts

JACOB WRIGHT COTTAGES Wm Fortune & Son Chartsred Accountants Registered Auditors Collingwood Hou$e Church Squar¢ Hartlepool TS24 7EN Jacob Wrftght's Cottages PO Box 31 The Grove 168 Front Street CheSter-￿street County Durham DH3 3YH Dear Sirs We Confllin that the following infornmtion in connection with your audit of the financial statements for the yeat ended 31 December 2024 is to the best of our knowledge aud belief, trne and fair. bearing in mind the requirements of the Housing and Regeneration Act 2008 and the Charities Act 2011. l. General To the best of our knowledge and belief all transactions undertaken by th¢ company have been properly recorded in the accounttng records and these financial statements and all relevant records have been given to you. 2. AccountillE Policies The accounting policies used are detailed in the financiaI statements and are con8lSt¢nt with those adopted in the previous financial Stat￿llents. 3. Income and Expenditsre Account surplus £1,107 Ex¢¢pt as disclosed in the financi81 statements, thc results for the year were not matCTially affected by: (a) transactions of a sort not usually undertaken by the co]npany, (b) circumstances of an exceptional or non-recurrent natur4 (c) charges or credits relating to priot periods or (d) any change in the basis of accounting. Any expenditure Included in the financial Statements (wh¢r¢ ￿￿llpts or vouchers were not available) was PTOP¢Tly made in connection with the carrying on of Ihe Company's buslness, unless specifically notified to you as being of aprivate nature. 4. Fixed Assets £90S52 (a) the company has a satisfactory title to all fjxed assets included in the financial statements. Ib) the fixed assets to which the company has satisfactory title included in th¢ financial statements. S. Debtors £3,771 Balan¢es included in the financial statements are all valid debtors or prepayments. The bad debts vThitten off are complete as far as the diTethors are aware and fi￿1 provision has been made against specific debts which are known ormay be expected to be iTTecoverable. Document ￿le Name.. htlPS..Ildatnhaorguk.my.sharepoint.romlper5DnallmW￿ghL0é￿hè_0ty_u￿0Q[￿merntsljac0b Wrlght MEEUnv1202513rd March 20251Letter hÈad.do¢%

1. Other Current Assets £23210 In our opinion, other current assets are expected to reAlise in the ordinary course of business at least the amounts at which they are stated in the company's Balanc¢ Sheet.
2. Liabilitle$ (£2,229) All known liabiliti¢s of material amount at 31 D¢c¢fflber 2024 ar¢ shown in the finanGial statements including the liability for all purcha￿ lo which title has passed prior to 31 December 2024.
3. Capltsl Conllnitments At 31 Decemb¢r 2024 there w¢re no ¢onllnitments for capital exp¢nditure.
4. Contingent Liabilities No contingent liabiltties existed at 31 De¢ember 2024.
5. Post B￿a￿te Sheet Events No events have o¢curred between 31 December 2024 and the date of this lette¥ whith could Mat￿lalIY affect the financial statanents.
6. Tr#n$aetious wlth Trnstses The Company has had at no tim¢ during the year any a￿angemenE transaction or a￿eernent to provide credit facilities (including loan4 quasi-108ns or credit transactions) for the directors nor to guarantee or provide security for such matters.
7. Going Contern In our opinion, the company will have adequate resources available to finance its trading and other obligations during the course of the twdve months from the date of tbis letter.
8. Law and Regulations We confinn that the company bas complied with all law and regulations relevant to the activities of thc company dwing the year under audit and that w¢ have made availabl¢ all such relevant infonnation necessary for audit purw)s¢s. Yours faithfi￿Y Trn8te¢

JACOB WRIGHT'S corrAGES TRUSTEES. ANNUAL REPORT AND ACCOUNTS For the year ended 31 December 2024 Reglstered Chartty Number 222306 Regulator of Sodal Houslng Number A2293 If you would Ilke Jddltlonal onl￿MatIon regardlng any of the chart￿9 athV￿es. pOl￿e$, rut¢s. ¢omplalnts procedure$ •t¢, please contact the Associations Manaolng Agents:_ Durham Aged Mlnew¢¢kers' Ho￿$ A￿la110￿ The Grove PO Box 31 168 Front Street hester.k-Stre¢i Co. Durh)m DH3 3YH Télephonè.. Emall.. Webslte.. (0191} 3881111 lnfo@dèrnha.oru.uk *ww.damha.or4.uk

JACOB WRIGHTS corrAGES Tru5tees' t7nnual ￿port and accounts 31 De￿mber 2024 Contents Trustees and Advisors... Chalrman's Report..................................... Report of theTrustees................... Stotement of the Responsibilities of the Trustee5 in Respect of the Accounts..................... Report oftheAudltors.................. statement of comprehenslve income for the year ended 31 December 2024....... Statement of thanges In reserves for the year ended 31 December 2024........,,,................. Statement of finanual positlon as at 31 De￿Mtser 2024 ................. Notes................. io li 12 13

JACOB WRIGHT'S COThAGES Tnstee5' annual report and accounts 31 De￿rnber 2024 Trustees and Advisors Trustees B Qrter (Chair) RLaw D Proud Cllr R Bolden A Sanderson J Cosslett - Appolnted 16th September 2024 B Medhurst - Reslgned 15th March 2024 Advlsor8 Managlng Agents Durham Aged Mlneworkers, pfomes Assodatlon POBox31 The Grove 168 Front street Chester-le-street Co. Durham DH3 3YFI Audltors Wm. Fortune & Son Colllngwood House Church Squa Hartlepool TS24 7EN Telephone.. Fax: Emall: Webslte,. [phone] 1019113882838 [e-mail] www.damha.org.uk Bankers Barclays Bank PLC Jeriklri¥ Huu>¢ Bob Hardlsty Drlve Blshop Auckland Co Durham DL4 7YL Sollcltors A N Fèlrdough Smlth Roddam 56 North 8ondgate Blshop Auckland Co Durham CAF Bank Umlted 25 Klngs Hlll Avenue Klngs Hlll West Malllng Kent ME19 4JQ

JACOB WRIGHTS COThAGES Tnistees'annual report and 3ccounts 310ecember 2024 On behalf of the Trustees, l am pleased to present our Report and Accounts for the year ended 31 December 2024, thi5 btyng the 142nd year of the Trusvs existence. Our alm Is the provision of good quallty and affordable homes for a total of five resldents. In seeklng to do so we are grateful for the help and sUPPQrt provided for us by our rnanaging agents Durham Aged Mlneworkers. Homes Assoclatlon IDAMHA) who contlnue to work for us to provide the quality servi whlch our resldents expect. As ever thelr ass15tan¢e is muth appreclated. Flnally, I must also thank my fellow Trustees for all thelr commltment and hard work, all of which Is voluntartly glven. I know that our residents a5 well as myself appreciate all thdr interest, care and attentlon. B Carter Chalr

JACOB WRIGHfs COThAGE5 Trnstees'annual report and accounts 31 December 2024 Thls report has been prepared In accordance wlth relevant leglslatlon Includlng the Ststement of Recommended Practlce 'Accounting by Charities, issued by the Charity Commls51on and'Internal FSnanclal Cor)trol & Flnanclal Reportlng, i55ued by the former Tenant Servlce5 Authorlty. The Trustees present thelr report together with audited finandal statements ftjr the perlod ended 31 December 2024. Status Jacob Wrlght Cottages (prevlously called Jacob Wrlght Almshouses) was estèbllshetl In 1883 and is an unlncorporated charlty admlnlstered by a Charlty Commlsslon Scheme dated 14th October 1998 and as amended 17th March 2003. It Is an Mmshouse Charfty (No.222306) and a Reglstered Soc131 Landlord (No. A2293). Object* The objects of the Chadty are: (a) (b) the prgvlslon of houslng accommodatlon for benefldarles such charltable purposes for the benefft of the rt￿dents as the trustees dec4de Beneft¢larfes are deflned as"Pwr persons of good tharacter who have reslded wlthln the Ecdeslastlcal parlsh of St Paul's, Evenwood for not less than 6 months at the time of appolntment. Revlew of Actlvlty Th2re were no vold propertles In the perlod. The propertle5 were subject to an averdge net charge of £84.78 per week Indudlng water rates. Governance At thelr meetlng held on Ilt October 2001 Trustees agreed to adopt In full chapter one "Governance" of °standards of Almshouse Management" published by The Mmshouse Assodation. Trustees Trustees have a wealth of exPerfen￿ of the community seNed together w￿h a hlgh degree of enthuslasm and commltment. Trustees met 4 times in the year. whereupon they were advlsed and asslsted by their Managlng Agents, DAMHA,

JAC08 WRIGHTS COTtAGES Trustees, annual report and accounts 31 De￿fftber 2024 Report of the Trustees {Continued) qual Opportunitles Trustees are committed to equal opportunltles and have adopted a pollcy statement to confimi this commltment. Audlt & Internal Flnan¢lal Control Trustees are responslble lor establishlng and malntalnlng the system of Intemal finanaal control. Internal control systerns are deslgned to meet the parycular needs of the charlty and the rtsks to which it Is exposed, and by their nature can provlde reasonable but not absolute assurance agalnst materlal mbs- Statement or loss. Trustees have agreed Standin9 Orders dated 15r January 1998 and are rellant on DAMHA'S procedures to provlde effettlve Intemal flnandal controls as follows: Management Strurture There are clear responsibllltles and delegated powets for the Trustees and Managlng Agents as set out In the Management Agreement dated 5th June 2023. Standlng Ordets and Rnandal Regulattons Responslbllity levels are communlcated throughout OAMHA'S Standlng Orders whlch set out Inter alia ¢elegation of authortty and aurnoff sation levels, and other control pruLedur¥¥. M)es* $taiidln9 orders are revlewed and updated on a regular basis. Quality and Integrlty of Personnel DAMHA recognlsg the vèluèble contrlbutlon to quallty whlch results from employlng competent staff and through investlng In thelr personal development. 8udgetary Prncess Each year the Trustees approve the annual budget. Performance Is monitored perfodlcally agalnst this budget wlth the production of management accounts whlch are then consldered by the Trustees, and relevant actyon taken as necessary. Internal Audit An Internal au(Jlt function has been establlshed In DAMHA together with a separate Audlt and Rlsk Committee. Th15 Comrtiittee monitors the operating performance of DAMHA as a whole and detemiines any relevant action requlred In respett of any control matter ralsed by the Internal or external auditors.

JACOB WRIGHTS C07TAGES [n￿tee5. annual report and accounts 31 December 2024 Report of the Trustees (Contlnued) Trustee5 will conslder and deternilne relevant actlon requlred respect of any control matter raised by DAMHA'S Internal auditors. Trustees have revlewed the effectiveness of DAMHA s system of intemal flnanclal controls. whlch operated durlng the year and are cx)ntent they are approprtate to the charoty. Value for Money Statement The Reglstered Charlty Is eommltte(J to belng an effectlve and effldent %)dal buslness achlevlng Value for Money ("VfM'? In all of Its actlvStles. As the charlty gnly has 5 unlts to achieve Vfm It benefits from the polldes and procedures of DAMHA (the managlng agent). Examples of th15 are where a new central heatlng boller is requlred. the costs are those negotiated by DAMHA who have In excess of 1800 units. This prlnclple also applles for replacement wlndows, ￿tChenS and bathrooms as requlred. Qtslnquennlal Inspectlons are carrled out to schedule planned malntenance. that sald many of the Improvements are carrled out during volé perfods due to the age and vulnerablllty of the resldents, Throuoh the management agreement Jacob Wrlght Cottages have a cost-effectlve pr¢xess of managlng day to day repalrs and the collectlon of the weekly rnalntenance charge. Resldents also contsct housing officers on a free phone number. AdLJllluiidl vfm Is ad)Itv¢d by Y￿ng where appropriate local contractors, e.g. land￿ape malntcnance. Performance for the Charlty on the RSH key metrlcs In relation to Vft4 are as follows: METRIC 2024 2022 1} Rèinvestment 2) New supply delivere(i al Social h¢xJsiryJ units Non-social housin units 15.15% 28.78% 34.21% 0% 3) Gearlng NIA WA NIA 41 EBITDA MRI Interest C¢)ver NIA WA NIA 51 Headline SOCI￿ housing ￿$1 per unit 61 Operating maryin al Social housing lettings OveT811 £4.439 £4,9V £4.299 -9.16% -9.18% .53.82% -53.82% 33.68% 33.68% 7} Return on Capital Employed IROCEI -1.11% .71% 4.16% No materlal changes in policy have occurred SIn￿ the last annual report or are cU￿endY under ￿vIeW.

JACOS WRtGHTS co￿AGEs Trustees"annual report and accounts 31 December 2024 Under charity law. the Trustees are responslble for preparfng the Trustees'Annual Report and the financial statements in accordance with applicable law and regulations. The financlal statements are requlred by law to glve a true and falr view of the state of affalrs of the charlty and of the surplus or defiot for that period. In preparlng these flnanclal statements, the Trustees are requlred to.. selert sultable accounting pollcles and then apply them ¢onslstenUy; make judgements and estlmates that are rea￿nable and prudent; state whether the recommendatlons of the Statement of Re¢ommended Practlce have been followed, subject to any material deparbjres disdosed and explalned In the finanoal ststements; prepare the flnanclal statements on the golng cfjncem basls unless It Is Inapproprlate to presume that the associatlon will Continue In buslness. The Trustees are responslble for keeplng proper accountlng records, sufflclent to dlsclose at any tlme, wlth reasonable accura¢yi the financial position of the charlty at that tlme and enable the Trustees to ensure that Its flnanclal statements comply w4th the Charitles Act 2011, the Hous5ng and Regeneratlon Art 2008 and the Accountlng Dlrectlon for Prlvate Reglstered Provlders of S¢xlal Houslng In England 2015. The Trustees have general responsibillty for taklng such steps as are reasonably open to them to safeguard the assets of the Assoclatlon and to prevent and detert fraud and other Irregularliles. The Trustees are re$ponslble for the rna5ntenan￿ and Integrtty of the corporate and financlal Information Iiicluded oli the Assocljtlon's v4ebslte. Leglslatlon In the UK 9ovemlng the preparotlon and 01￿￿￿￿0mlnat10n of flnanclal ststements mèy dlffer from leglslatlon In other jurisdlrtlon5. Slgned on behalf of the Trustees B Carter Chalr 2025

JACOB WRIGHfs COThAGES Trustees'annual report and accounts 31 December 2024 We have audited the flnandal statements of Jacob Wrlght's Cottages for the year ended 31 December 2024 on pages 9 to 19. The flnanclal reportln9 framework thèt has been applled In thelr preparation is applicable law and United Klngdom Accountlng Standards (Unlted Kingdom Generally Accepted Accounting Prathcel Induding FRS 102 Finanaal Reporting standard applicable In the UK and Republic of Ireland", Thls report Is made solely to the a5sodatiort's members. a5 a bodyi In accordan￿ with the Houslng and Regeneratlon Act 2008. section 144 of the Charltles Act 2011 and regulations made under sectlon 154 of that Act. Our audit work has been undertaken so that we mlghl state to the assoaatlon's members those matters we are requlred to state to them In an auditovs report and for no other purpose. To the fullest extent perniitted by law, we do not accept or assume responslblllty to anyone other than the assoclatl¢n and the associatlon's members, as a t4)dyi for our audlt work, for thls ￿POrt. or for the oplnlons we have formed. Respectlve responslbllltles of the Board of Trustoes and audltor As more fully explalned Sn the Statement of Trustees, Responslbllltles set out on page 5 the Board of Trustees Is responslble for the preparatlon of finandal statements whlch glve a true and falr vlew. Our responslblllty Is to audlt, and express an oplnlon on, the flnanclal ststements In accordance wlth appllcable law and Internatlonal Standards on Audltlng (UK and Ireland). Those standards requlre us to comply wlth the AudltSng Practices Board's (APB's} Ethical Standards for Audltors. Basls of Oplnlon We condurted the audlt In accordan￿ wlth Auditlng Standards Issued by the Audltlng Prartlces Board. An audlt Includes examlnatlon, on a ie5t basls, of evldence relevant to the amounts and d15closure5 In the accounts, It also Includes an assessment of the slgnificant estimates and judgernents made by the Trustees In the preparatlon of the accounts, and of whether the accountlng policies ère appropmate to the Charlty's clrcumstances, consistently applietl and adequately dlsclosed. We planned and performed our audit 50 as to obtaln all the Information and explanatlon, which we consldered necessary In order to provide us wlth sufflclent evidence to give reasonable assurance that the accounts are free from material tnisstatement, whether caused by fraud or other irregularlty or error. In formlng our apinion we also evaluated the overall adequacy of the presentatlon of Information In the accounts. Opinion In our oplnlon the financlal statements.. glve a true and falr view. in actordance wlth UK Generally Accepted Accountlng Prartice, of the state of affair5 of the assooation as at 31 December 2024 and of Its incoming resources and appllcation of those resour￿. have been properly prepared in accordance with UK Generally Accepted Accountlng Practice Induding FRS 102; and

JACOB WRIGHTS COTTAGES Trustees'annual report and accounts 31 December 2024 have been properly prepared in accordan￿ wlth the Charities Act 2011, the Houslng and Regeneratlon Att 2008 and the Accounting Dlrertion for Prfvate Reg15tered Provlders of Soclal Housln9 2015. Matters on which we are requir¢d to report by exceptlon We have nothing to report In respect of the following matters where the Charttles Act 2011 and the Regeneration Act 2008 requlres us to report to you if, in our opinlon: the Infomiatlon glven In the Trustees. Annual Report15 inconsistent in any materlal respect wlth the financlal statements; or the assoclation has not kept sufflcient accountlng records: or the flnanclal ststements are not in agreement wlth the asxountlng records and returns. or we have not recelved all the Informatlon and explanatlons we requlre for our audlt. Under the HousSng and Regeneratlon Act 2008, we are requlred to report to you If, In our oplnlon.. proper accountlng records of its transartlons and Its assets and Ilabllltles In relatlon to its houslng artlvltles have not been kept, and satlsfactory system of control of those records, Its cash holdlngs and Its recelpts and remlttances In relatlon to those actlvltles has not been malntalned Wm. Fortune & Son, Reglstered Audltors Colllngwood House Church Square Hartlepool TS24 7eN 2025

JACO8 WRIGHTS Co￿AGEs Tn￿tees. anntjal report and accounts 31 December 2024 Statement of comprehensive Income for the year ended 31 December 2024 Notes 2024 2023 Turnover 24.416 21,196 Operatlng Costs (22,197) (24,7581 Depreclatlon (4,455) (5,007) Operatlng (Defl¢lt)ISurplus (2,236) (8,569) Loss on dlsposal of l Flxed Assets (2,839) 3,099 Interest recelvable 3,342 Interest Payable Total Comprehenslve Income for the year 1,106 (8,309) Transfer from Oesbgnateé Reserves Income and expendlture account at l January 65,743 74,052 Income and Expendlture A¢¢ount at 31 De￿rnts￿r 66,849 65,743 All Income and expendllure shown above relates to contlnulng actSvltles. io

JACOB WRIGHTS corrAGES TnJstee5'?nnual report and accounts 31 December 2024 statement of Changes in Reserves For the year ended 31 December 2024 Revaluatlon Exp•ndlture DeslgvatEd rot•l Balano as at 1st January 2024 24,140 6S.743 33,CrfXI 122,B83 Total comprEhensfve lTrcomt for the year 1,106 1.106 Trnnsfer from De51gnated Restrve Revoluatlon Sur￿¥$ arlslng ¢uring the year 3,131 3,131 8alance as at 311t December 2024 27.271 33 000 127.120 li

JACOB WRIGHfs co￿AGEs Trustees, annual ￿pOrt and accounts 31 December 2024 Statement of Financial Position as at 31 Decernber 2024 Plotes 2024 2024 2023 2023 Flxed A55ets Tanglble Assets Investrnents 90,552 86,983 177,535 95,007 80,601 175,608 Current Assets Debtors Cash at bank and in hand 3,771 23,210 26,981 2,050 26,301 28,351 Credltors: Amounts falllng due withln one year (2,229) (4,048) Net Currnnt As¥¢ts 24.752 24.303 Totsl Assets 202,287 199,911 Crodltorn., Amounts falllng due after more than one year 6bl6c (75, 167) (77,028) Totjl N¢t Assets 127,120 122,883 Rè#erveB Investment Revaluatlon Reserve Income & Expenditure Atcount Deslgnated Reserve 27,271 66,849 33,000 24,140 65,743 33,000 127,120 122,883 The financial ststements shown on page$ 10 to 19 were approved by the Trustees on 24th June 2025 and were slgned on its behalf by: Cknir

JACOB WRIGHTS co￿AGEs Trustees. annual report ond accounts 310ecember 2024 Notes Accountlng Policies Basis of accountlng The flnanclal statements of the Assodatlon are prepared under the hlstorfcal eost conventlon. except for Investments which are held at market value. Thls Is In accordance wlth appllcable accountlng standards, namelyi UK Generally AC￿pted Accounting Practlce (UK GAAPI Includlng FSnanclal Reportlng Stsndard 102 (FRS 102) and the Housing SORP 2014.. Statement of Recommended Practice for Registered Social Houslng Providers and comply wlth the Accountlng Dlrectlon for Prlvate Registered Providers of Soclal Houslng 2015. Whlle the Associatlon Is an Unincorporated Charity and a member of the Natlonal A550clatlon of Almshouses, the Assodatlon Is a150 a Reglstered Social Hou51ng Provlder. Therefore the financlal statements have been prepared In compllance wlth the Housing SORP 2014 to enable consistency, ease and transparency in our reportfing to the houslng regulator, Cash Flows As a small Reglstered Sooal Houslng Provlder Jacob Wdght's Cottages have elected to use their exemptlon to prepare a statement of cash flows. Flxed Asset Inve5thMnts Irbvestments dasslfled under flxed assets are stated at market value at the balance sheet date, where thls 15 readlly Identlfiable. All other Investments are stated at cost. Golng Concern The As5¢xlatlon's forecasts and projectlons show that the Assoclatlon should be able to contlnue to operate wlthin the level of Its current facllitles and no matters have been drawn to Its attentlon to SU998st that futur• lundln9 m¥y not be forthcomlng on a¢¢•ptable terms. After making enquiries, the Trustees have a reasonable expectatlon that the Assodatlon has adequate resources to contlnue In operatlonal exlstence for the foreseeable future. Accordlnglyi they contlnue to adopt the golng concem basls In preparing these financlal statements. HousAng Propertles Housing propertles are ststed at cost, less accumulated depredatlon. Major components of houslng propertles, such as wlndows and heatlng ttmponents, have been accounted for and depreclated separately from the maln fabrSc, over their expected ¢ttnomic lives. Depreciation Is charged at the rates applied below to write off the cost of the asset over thelr expected useful economlc Ilves. Land Main Fabric Roof ettrtcals Wlndows External Door5 Bathroom Kltthen eoilers Heatlng Installations Not Depreclated 100 years straight Ilne 40 years stralght Ilne 30 years stralght line 25 years stralght line 25 years Walght line 20 years straight Ilne 15 years straight Ilne 15 years strèight Ilne 30 years stralght Ilne 13

JACOB WRIGHTS COThAGES Tru5tees'annual report and accounts 31 December 2024 The SocÈal Houslng grant has been applled against the land in the flrst Instance and then to the Maln Fabrfc of the building. The grant Is amortised over 100 years and released back Into the Statement of Comprehenslve Income. Soclal Houslng Grant Soclal Housjng Grant (SHG) Is pald by the Houslng Corporation to reduce the cost of housing developments. Where properties have been financed wholly* or partlyi by SHG the cost of the propertles have been reduced by the amount of the grant receivable. On the dlsposal of propertles, whlch have been financed wholly or partty by SHG, the grant mav become repayable. Turnover Turrover repre5ent5 gross rnalntenan￿ charge re￿1Vable. Value added tax The Homes are not regl$tered for VAT and where appllcable expendlture indudes VAT. Impalrment Annu?Ily hOU￿n9 propertles are assessed for Impalmient Indlcators. Thls Is generally perfomied at scheme or cash-generatlng unlt level. Where Indlcators are Identlfled an assessment for Impalrment Is undertak¢n ¢omparlng the sthem¢'g carrylng amount to 5ts rocoverable amount. Where the carrying amount of a scheme Is deemed to exceed its rydcoverable amount. the scheme Is wrltten down to its ￿coVerable amount. The re5ultlng Impalmient loss Is recogn15ed as operating expendlture. Where a scheme is currently deemed not to be provldlng Serv[￿ potential to the Assoclat5on, Its recoverable amount Is Its falr value less costs to sell. Debtors Debtors are measured at transactlon prlce, less any Impalrnient. Credltors Credltors are measured at transattion ￿Ce. 14

JACO8 WRIGHT'S COThAGES Trustees'3nnual report and accounts 31 De￿mber 3024 Designated Reserves - Cyclical Maintenance Reserve Thls reserve has been established In order to meet future expenditure upon planned, or cycllcal repalrs and maintenance In accordance wlth an agreed programme of works. Administration The management of the Assodatiort contlnues to be dealt wlth by Durham Aged Mineworkers, Homes Association (DAMPIA) a separately ￿gistered housing assoclatlon (A51251. Malntenance charge Income and adrninlstratlve costs are received and paSd by the agerst associatlon who make a management tharge for acting as agent. L5

JACOB WRIGHfs COTTAGES Trustees. annual report and accourrts 31 Dettmber 2024 Turnover and Operatlng Surplus for tha Yaar by Class of Bu51nesS 2024 2023 Turnover from letb'ngs Rents and servlce charges recelvable Amortised government grants Amortised other grants 22,553 780 1,083 24,416 20,442 780 1,083 22.305 Operating Expendlture Bad debts wrltten off Management Day to day ￿pairS & malntenance Servlces Ilncluding Water Rates) Depredatlon Total Expendlture on Soclal Houslng Lettln9$ 3.525 13,718 4,954 4,455 26,652 3,323 17,446 3,989 5,007 29.765 Vold Losses 1,109 Senlor Ex¢cutlve$ The Senlor Executlves are deflned as the Trustees, who received no emoluments durfng the year (2023.. £nll) Interest recelvable and $lrnll•r Income 2024 2023 Investment Income 3.131 3,099 Surplus on Ordlnary ActlvEtles 2024 2023 The Surplus on ordinary actlvltle5 Is stated after charylng: Auditorfs remuneratbon 1,106 754 16

JACOB WRJGHTS co￿AGEs Trustees, annual report and accounts 31 Dettmber 2024 Tanglble Assets Housing Properttes Cost: At 1st January 2024 Addltlons Disposals At 31st December 2024 143,050 143,050 Le$s: Depreclatlon At 111 January 2024 Charge for the year Dlsposals At 315t December 2024 (48,042) 14,4S5} (52,498) Net Book Value: 315t December 2024 1st January 2024 £ 90,552 £ 95.008 6b. Soclal Houslng Asslstsn¢• 2024 2023 Total accumulated sodal houslng grnnt recelved at 31 December 24 78,021 78,021 Recognlsed In the statement of comprehenslve income (18,725) (17,945) Held as deferred income 59,296 60,076 6c. other Grants 2024 2023 Total acojmulated other grant re￿IVed at 31 December 24 20,000 20,000 Recognised In the ststement of comprehenslve Income {4,130) (3,048) Held a5 deferred Income 15,870 16,952

JAC08 IVRtGHfs Co￿AGEs Trustee5' annual report and accounts 31 December 2024 Notes (continued) Flxed Asset Investments 2024 2023 Valuatlon at January 2024 Additlon5 Surplus (Defidt) arlslng on revaluation At 31 December 2024 80,601 3,251 3,131 86.983 75,853 3,022 1,726 80,601 The Investments comprlse the fD51owlng:" 2024 2023 71.99 {2023'. 71.99) COIF Income Shares 706.375 {2023: 706,375) NAACIF Ac¢umulatlon Shares 1,461 85,522 1,429 79,172 86,983 80.601 The hlstorlcal cost of Snve5rments Is analysed as follows:. 2024 2023 COIF Accumulatyon Sha￿$ NAACIF Accumulatlon Shares 367 59,345 367 56,093 59,712 56.460 Debtors 2024 2023 Rental debtors Prepayments and accNed Irtcome 1,305 2,466 3,771 1,062 988 2.050 Credltors: Amounts falllng due wlthln one year 2024 2023 Trade creditors and acmials 2,229 2,229 4,048 4,048 18

JACOB WRIGHTS co￿AGEs rrnstee5' annual report and accounts 31 December 2024 Notes (conttnued) io. Capital Commltment$ and Contlngent Uabllltles As at 31SI December 2024 there were no capital commitments. 19

Wm FORTUNE & SON Chartered Accountants LDIILngkniKKI 11o11sr, Churili IN24 7kN lekwkn, 11114_1912141r The Trustees Jacob Wright's Cottages PO Box 31 The Grove 168 Front Street Chester le Street County Durham DH3 3YH TAA/CG 17 June 2025 DeaT Sirs Audit of Accounts We confinn that the audit of the accounts for the year ended 31 December 2024 was carried out s&tisfactorily. There is nothing to report. Yours faithfully