Jacob Wright's Cottages PO Box 31 The Grove 168 Front Street Chester Le Street County Durham DH3 3YH JHOILSIIC04841763709 Robson Laidler Accountants Limited Mains House 143 Front Street Chester18 Str8et DH3 3AU Dear Sirs We confirm that the following representations are made based on enquiries of management and staff with relevant knoedge and experience (and, where appropriate. of inspection of supporting documentation) sufficient to satisfy ourselves that we can propedy make each of the following representations to you in respect of the financial statements for the year ended 31 December 2025. GENERAL We acknowledge as trustees our responsibility under the Charities Act 2011 for the financial statements which give a true and fair view and for making accurate r8presenlations to you. thg accounting records have b88n made available to you for th8 purpose of your independent examinat and all the transactions undertaken by the charity have been properly reflected and recorded in the accounting records. AFI other records and related information, including minutes of management meetings, have been rnade available to you. INTERNAL CONTROL We acknowledge our responsibility for the design and implementslion of internal control systems lo prevent and detect fraud and error. We have disclosed to you the results of our risk assessment that the financial statements may be misstated as a result offraud. There have been no irregularities lor allegations of irregularilles) Involvlng management, employees who have a significant role in internal control or others that could have a material effect on the financial statements. ASSETS AND LIABILITIES The charity has satisfactory title to all assets and there are no liens or encumbrances on the charity's assets, except for those that are disclosed in the notes to the financial statements. We have recorded or disclosed, as appropriate, all liabilities, both actual and contingent, and have disclosed in the notes to the financial statements all guarantees that we have given to third parties. We have no plans or intentions Ihal may materially alter the carrying value or classification of assets and liabi1Sties reflected In the flnancial statements
LOANS AND ARRANGEMENTS The charity has noi granted any advances or credits to, or made guarantees on behalf of, dir8Ctors other than those disclosed in the financial statements. LEGAL CLAIMS We have disclosed to YOU 811 claims in connection with litigation that have b88n, or are 8XP8Cted to be, received and svch matters, as appropriate, have been prop8rfy accounted for and disclosed in the financial statements. LAWS AND REGULATIONS We have disclosed to you all known Instances of non-compliance or suspected non-compliance with laws and regulations whose effects should be considered when pparIng the financial statements. RELATED PARTIES Related party relalionshlps and transactions have been appropriately accounted for and disclosed in the financial statements. We have disclosed to you all relevant infomiation conceming such relationships and transactions and are not aware of any other matters which require disc105ure to comply with the requirements of company law or am)unling standards. SUBSEQUENT EVENTS All events after the dale of the financial statements which require adjustment or disclosure have been properly arxounted for and disclosed. GOING CONCERN We believe that the charitS financial statements should be prepared on a going concern basis on thg grounds that cuffent and future sources of funding or support will be more than adequate for the charity's needs. We have considered a period of iwelve months from the date of approval of the financial statements. We believe that no further disclosures relating to the charits ability to continue as a going concern need to be made In the flnanclal statements GRAirrs AND DONATIONS All grants, donatlons and other income, the receipt of which is subject to specific terms or conditions, have been notified to you. There have been no breaches of terns or conditions in the applicati¢)n of such income Yours fatthfully Signed on behalf of the board of trustees. Jacob Wright's Cottages
JACOB WRIGHT'S corrAGES TRUSTEES, ANNUAL REPORT AND AccouKrs For the year ended 31 December 2025 Registerpd Charlty Number 222306 Re9ulaior of Social Plousin9 NJmber A2293 If y1 like athjthnal wardry a7y of tt tJN¥ty5 PDlks. nts. ¢omplairt5 etc, Dlease covtatt the ASSOdatk'5 ManJitr4 P4ents:. Durhom MinE4OrkÈrs' Asw)d¥Jn Grove 31 16B Fr1 Street Chestttrlo.Street C¢. Durhaffl D3 3YFt Telee.. IOL9LI 3881111 InfoQdamha.or9.uk Websts..
JAC06 WRIGHfs COThAGES Trust¢es'anntsal port and 8ttourpts 31 December 2025 Contents Trustees ¥[Sor5 .-.. Chairman's report...,....- Roport of rhe Trustees... Statement ol Tn%t¢es' respons1bbllt In respect of the Trustees. Report and the finandal stalements............... IndepeeNt Examinerfs Report ............................... Statement of cofflprehon5ivo Income (Dr the year ended 31 Deomber 2025 ............. statement of Changes In Reserves .. Statement of Financ•Jl Position as at 31 December 2025 ........ Notes..... io li 12
JACOB WRIGHT5 coAGEs TwstEe5'annual report and accounts 31 DéLembw 2025 Trustees and Advisors Trustees Carter (Chalr> RLaw D Proud Cllr R 8olden A Sarkler5on J C05slert Medhurst.. app)SntÈd I SeptembÈf 2025 M Houghttsn.. appointed L Septernber 2025 E Pettit". appolntsd I Septembef 2025 Advisors IlaTr•giftg Agents Durham Ageé MlnevK•rkers' Homes Assocjallon PO8ox31 The Grovt 168 Fmnt Slreet Chester-le-street Co. Durham DH3 3YM Ind¢pendeftt ExDminor Robson Laid*r Accountants L imlted Fernwood House Femwood Road Newcastle upon Tyne NE2 ITJ Teltphone: Fax: Emall.. Webslte.. 1019113881111 {019113882838 Info damha.otYJ.uk wv¢w.éamha.org. 8ankeFS Barclays Bank PLC Jenklr¢s Youse Bob Hardlsty Drive shgp Aud(larMI Co Durham OL4 7YL Solicitgrs A N Falrcbugh Srnlth Roddam 56 North Bondgate Bishop Auckland Co Durham CAF Bank Limlted 25 Kirtgs Hlll Avernve Klngs h'AI West Malllng Kent MEI9 4JQ
JACOB WRIGHT'S CoGE$ Tmstees'&nnu31 rewrt and accounls 31 December 2025 Chalrfftan's report OH behalf of the Twslees. l am pleased tlb present our RerA)rt and #Lcounts for the year ended 31 December 2025. thls belng the 143rd yur of the Trust's exists Our aim IS the provision of good qvality and aftrdab b0ft for a tot41 d five $Ients. In seekln4 10 do so we are 9rateI for the help and support provided lor us by ouv rnanasing agents Durham A9pd Mineworkers. Homes Associatlon (DAMHA) who contsnue to work for us tts provlde the quality serbycè whlch our resldents eypecl. A5 Ever ther a551StarKe Is much appreaated. Finally, I Thst also thank my fellow Trustees for 4H thEir commltrRnt and h•Td work, am 4Jf whlch Is Volunr11Y qfvten. l know that wr reshxents as well as rnysdf aprffeciate a# their Interest, care and Jttention. L_ Z_& Carter Chabr
JAC08 iVRIGHTS C07TAGES Tru5tees'anntsal pOrt and arcount 32 Oetrmber 2025 This rert has been prepared in atajrdance wlth relevènt legwatbn Induding the Staiement or KeCOmrnded Pratbce'Attountlng by Charities. 5Ved by the Chènty Commisslon and'lntemal Finandal Control & Finandal Rewrttn9' Issued by the frjmer Tenant Setvlcès Authority. Tree5 presertt thÈlr rewrt tr4eiher with financial statements for tr perlcd ended 31 December 2025. Slatus Jacob Wright Cotlages (oreylousty cald jacob Wright Almshou5esl was established In 1883 and 15 an unin¢orpoTr¢ed tharity admlni5tered by a Cha#ty c0mrnlsC Sthen dated 14- October 1998 ènd as amended 171fj March 2003. tt is an [rtShe Crity {No.2223061 and a Reolslertd Sodal Landlord (No. A2293). Objocts The objeds of the Chadty a. lal Ibl the prov151on of housiNJ accommcA1atlon for benefarleS swh tharltable purw)ses fw the beneht uf the resldents as the trustees dedde Beneficiaries are Jefined as-Poor perws of good tharacter who have reslded within the Ec¢lesia5lical parlsh of St Paul's, Evenwood for nDt le5S than 6 moftths at the bme ol appDilltmenV. Revlew of A¢tl¥lty There We no vold properties In the peFicd. The properties were AJert lo an average het charge of £89.8012024,. E84.7BI per week IncWin9 water raees. Go¥ernaThce At thelr meets.ng held ort 151 Octobef 21XJI Tru#ees agreed to adopt lrt fi1 chapter one -Govemanie" of -standards of Almshouse Man•Jemertf publish&l by Ihe Almshouse Assodatlon. Tr¥•t••B Tnjstees have a wealth of expèrnce of the commun6ty setved tQgetPw with a hh de9ree ol enthusknism and commltment. Trustees met 4 tsmes in the year. whereupon they were advlseo aNY ass15ted by thelr ManaglTrJ Agent5, DAMHA.
JACOB WRIGHT'S COThAGES T/u5tees' annual ènd occounts 31 December 2025 eq1 Opporninltles Trustees are commltted to equal oppctunitles and have adopted 4 pollcy statement to conflrm thls commitment. AMllI & Xnt•m•l Fin¥Jnd•l Control Trustees are responslble t?r establishlrvj 4rKI rnaint4ining the systèm ol iternal financial control. Internal control systems are desiqned to meet the particular needs ot the charsty atwj Ihe risks lo whlch it exposed, and by thelr natu provkle Teasonable but not ob591ute a55uranie agalnst matedal rnls- statement or It. Tnjstees have a9reed StaTrJing Orders dated 1st January 1998 and are rellant on DAMHA'S procedure5 to provide effettlve Intemal flnèndal Contro& as follows: Management StnKture There are clear $VOn91b1ll1Ios and fleleq4tLYI powers for thE Tee$ and Managing Agents as set t in the Management AgreemlL daled SL" June 2023. Standiry Order5 and RegtHatks Responslt)illty ItveLs are communitèted throUg)ut DAMFii's StalIng Order5 which set Dut inter alia delegation of authonty and authorisation leve15. other c4Jntrol pr¢xedures. I hese standing Qfders are reviewed and tspdated on a regular basls. qIRItY and integrtly of Petsonnel DAMHA reco9nise the valuable contribution to quality whith rE5uIts frDm ernpknylw Competent stafl arbj through knvestlrnj kn thelr person de¥dtspmenL Each year the Tntsiees approvc the annual budget. Perfvrrnar is NKJnitored periodically wJalrtst IIN"s budget with the WodUrtn of fftonagemeni a[tJnts wblth are then consldered by the rntstees, aTrJ relevant action taken a5 necessary. Jntern31 Audjt An IntÈrnal atsdrt ftsnttion hès been establSshed In DAMHA together wlth a separate Audbt and sk Cornmittee. This Committee ThN)nttors the operatlng perfomiante of DAMHA as a wholc and determines any rekvant atti¢)n requlred in resrtct of Jny contrd maiter raised by the Internal or extemal tyudltsjrs.
JACO6 WRIGHfS coAG[s Tnistees, annual report and account5 3J D&mber 2025 Twstees will conslder determlne rdevart &iton reqired In spert of any control matter raised by OAMHA'S internal alItorS. rrustees have reviewed the effectlveness of DAMklA's system of intemal finandal tontrols, whlch operdted durtng the year and are content they are Jppropnale to the d)artty. V•lu• for 14oney Ststement The Reg15tered Charity 45 cr)mmitted tsp beino an effectFve anfl effithnt sockal buyrss athvlng Value for Money I'VIM In all of ècttvltte As the charty orty has 5 unlts to achieve VIM It benefits from the policies and prucedures of OAMHA (the managiw agent). Examples of thls are whwe a new central heavng trx>llÈr is requlred, the costs are those negotiated by DAMHA who have more than IWO units. Thls pnnuple olso applle5 for replacement windows, kn"ithens artd bathrooims as requlred. Quinquennial Trnspertior6 are Girrled out to Schedu planned malntenance. that saKI mjny of the imwovements are ¢èthed out during vok1 penods due to the a9e and ¥ulnerobiltty of the re&dents. Through the Jnana9ernÈnt agreement Jacob Wrlght Cotta9es have a cost-effectlve kYoce55 of mana9ln9 day to day repaks and the collettlon of the weekty maintenano thdrge. Resldents can also contatt uslng officers on a free phone number. Addiiianal Vftd Is achkved by uswg where appropri&te IDcal Contrtors, e.g. landscape rnttlntance. Performance for the Charity on the RSH key metrics in relètson to Vft4 are as follows: leEfRIC 2024 2023 1) Reinvethent 2) New suppty twyp.rèd al Social hoJ51ng urt5 Non-5wial housi 10.4f 3) GewrrfJ NIA WA 4) EBITOA MRI kntW85t Cfftf WA NIA NIA 51 HeatJh"ne srxwj houg.ng CO tht 61 Opwatlrq rnarn a) Sooal hous. letlkngs bl erall £*.2 t4.43 £4.952 -9.18% 43 82% .53 82% 1.78% n Retun) on Capital EMPYe IROCE) 021 .5.71% No material cha)yes in pollcy have occurred slrKe the last anrwl report or are cUrrenY vrer review.
JACOB WRXGHTS COTTAGES Trustees. annual report and Krounts 31 December 2025 statement of TNst¢es' r•6ponslbllltles ln respert of the Trustees. Report and the finanri•l statements Undei Charlty law. the Trustees are responslble for weparlng the Twstees. Annual Report ar#1 thè flnanclal statements in accordance wh applicable law and regJlatTorts. The flnancial 5tatemEnts are re4uire(J by to gl¥e 4 true arxl fair of the stste of affairs of the tharity and of the SUFplus or detidi for thlat perh)d. In preparing these ftn8nttal statements, the Trustees aTt fequlred to: selert suitable accounting polics and then appty them Consisnt,. makc judgements and estimjtes that ère reasonable and prudent: state whether the rocommendatsorts of the Statement of RecomrnendÈd Practlce have bee lollowed, subject to any rnaterial departvres di5d05ed and explalned In the financial stalemevtS,' prepare the finandal statements on the 9Otn9 concern basi5 unkn 11 IS InappropdatÈ to presume that the 0550aatw will continue in bugrs5. The Trustec5 a respo1ible for keewr*J prvper accounting records, sufficient to d15c105e ai any Ilme, wllh reasonable acojracy, the financial poslllon of the charity al that time aTrJ enable tPe Truslee5 to ensure that it5 flnanoal ststetnents comply wilh the Chartttes Art 2011. the Hovsiw ènd Re9enerarlon Act 2008 the hccountirvj OirKbon for Pn¥Jte Regtstyed Providers af Sotial Housing In Engla 2015. The Trustees have genèral respor6iblllty for t3n9 suth stèps as are reasohèbly open to them to safeguard the assets of the Associ¢ltion and to prevent and iJete(t fraud and other iftegularitie5. The Trustees are re5POnslble for the MaIntaian and integtiTry Df the corporate and financlal Inlormatlon included on the Assoclabon's website. LegialOn in the UK governing the preparatlon and di55em>natlon of 1Snanoal $t3lements may differ frcrfn leg$lallon In other jurisdidior6. Signed on behalf of the Tn&ees B Cartel Chalr 116 j 2026
JACOB WRJGHfs coAGEs Trustees'aDnual pOrt èc¢ounts 3] D¢ttmber 2025 Independent Examinerfs Report I report to Ihe Trusree5 on my examina0 of finandal Statevnts (4 Ja(J)b Wrlghys Cottages lor the year ended 31 December 2025. R¢•ponsibilities and b•sis of report As the trustees of Ihe charlty you are iesponsible for the preparntn of the financial statements In accordance with the requirements of Ibe Housing and Regeneralioo Act 2L8 and Charilies Act ?Jl 1. I report In respect of my examIr¢atD of the Charity's financial satements tèrrted out under section 145 of the Charities Att 2DII. In carrying out my examinabon I h3vÈ frjllowed 111rettions given by the O)arity Commisslon under section 145{5)(b) of the Charlties Act 2011. Ind•p•ndent ex•min•r'¥ statement I have complete(1 my examInatr¢. I wnfi'mi that fM> matters have cotne to my attentyon In connKtiOn With the examination giving me CaLe to believe ihat in any material resFert'. accounting records werc kept In re5pert of the Char+ty as required by serth)n 130 of the CharItS Aci 2011. The finencial statements do not accord with ttwJ5e recofds.. or The finala1 stalemeftts dD not comply w4th iJ* applkable reoulrements conrnIng the form and content o. the finèn¢i81 strdtefftents set L)Ut In the charie5 (Accounts and Reports) Regulations 2008 other than ary requirement that the financial statements give e true falr vlew, wh•th is not a matter considered as part of èn Independent examlnadon. I have no concern5 and have ayme across no other matier5 in eonnectton wh the exarn¢natk>n to which attentlon should be drdwn In this rerI In order to erk)ble a proper urKSetstfjntlin9 of rhE flnanclal statements lo be reached. John Holbrook FCCA Robson Laldler A(¥Jhnts Umlted Malns House 143 Front Street Chester le Street Co Durham DH3 3AU Dated 15 2026
JAC08 WRIGHfs coAGEs TrUStL,annl pOrt and accounts 31 DeMtser 2025 statement ol comprehensiv• Income for th• year ended 31 December 2025 2025 1024 Turnover 25,217 24,416 Operatr)g Costs (21,447) 122.1971 Depreciats'on {3,32L} 14,455) Op•r•tlng (Dellclt}lSurplus 449 12.2361 Loss ort dlw5al of Flxed Assets Interest recelvable 3.749 3,342 Interest Payab Total Comprnh•nth• Intomo for th• ye4r 4.198 1,106 Transfer fvom Desb9nated Reserves Income and experxlittsre accouni at l January 2025 66,B49 65,743 Income and Expendtture Actount •t 31 Dec•mber 2025 71.047 66,849 All income and eypcnd51ure shown above relates to contlnulw attivities.
14C08 WRIGiifs coAGEs rrvstees. annual rewrt and accourtts 31 December 2025 Statement of Change$ in Reserves For the year ended 31 Decembev 2025 rml Janeo as ¥t I. January 2025 27?71 66W9 33J)JO 127.12a Total (omproh&r IOT tho yoar 4.198 4.198 Transfer frL¥ De519natéd Reserye 19.295 10,295 9 durir4 1 year [ryn as at 33.rxjo 141 613 io
JACOB WRIGHfs COThAGES rrustees'annual reKort ènd accoUts 31 December 2025 statoment of Financial Posltlon as at 31 December 2025 Plotes 2025 2025 2014 2014 Flxed As#et• rangible A%sets Investrnent5 87.231 100,940 16B,171 90,552 86,983 177,535 Current A¥tyets Debtors Cash at bank and in haThJ 1,628 30,428 32.056 3,7YI 23.2JO 26,981 Cr¢dltors', Amtsunts falllng due within one year {5.3111 12,229) Met Current At• 26,745 24,752 TotJl Assets 214,916 202,287 Credltors: Amounts fallino due after more than one year 6bl6c (73.303) 175.L67) TDt•l N•t AJ*ets 141.613 127,120 Reseryes Investment ReVaItIOn Reserve Inctsme & Expendrture Account Des¥Jnated Reservo 37,566 7L.047 33,000 27,271 66,849 33,000 J41,613 127. 120 The financial staternenrs shown on page5 10 to 19 aprKoYed by the Trustees on ano were signed Its behalf by.. 2026 Chair . Trustee li
JACOB WRIGHT5 COTTAGES rwstees'anntsal repa¢ and accniints 31 December 2025 Motes A¢rounliDg Polkles Basls ol•ctountAn4 The financial statements o the Associatk)n are prcrkirÈd under the hlstorltal cost convention, Èxcept for investments whh are held èt markei value. Thi5 is In accordance with appliob acccunting standar¢s, narncly, UK Generally Accepted At(y)untiw Practice (UK GAIPI including Flnartièl Reportlng Stsndard 102 (FRS 102) and the Housing SORP 2014.. Statement of ecommended Practlce for Rgg(stered SLKial Houslng Providers and wmply with the Accounting Dirertion for Prlvotè Reglstered Providers of social Hcrtsslng 2C 15. While the ASSOCIatK ts an Unlncorporntcd Chartty and a member of the Nat101 Asdaon of Almshouses, the Assttiètion Is also a Registered Soo"al HrAJsing Provlder. Therefore, the (inaridal statements have been prepared n compliance with the Hou5in9 SORP 2014 to enable cDngstency, ease traparrV In our reprrtr¥J to the hw4ng regulator. Cash Flows As a sm41 Registered Social HOL12 Prwider Jacob Wri9hYs Cottages ha¥e elect to use thelr exemption to prepare a statement o,. cash flows. Flxed Ass•t Inv¢stm•nts Investments da551rd under fixed assets are stated at mwket valtje at the balance sheet datc. where thts is readly Identshable. All other investments a stated at (ost. Going Cortcem The Asso£iatlon's foroca5ts and proieciions show that the Awi4tion Should be able to continue to operate wrthln the Ve1 of Its ajryent facilltjes and no matiers have been drawn to its atteniion to 5ug9est Ihat future fvrdlng may not be forthcornlng on acceptable term5. Atter maklno erN]tJtries. the Trustees ha¥t a reasonablè expÈttation that the Associatlon has equate resources to contsnue In operatnal existence for Lhe foreseeable fvture. Accordinglv, they conbnue to adopt the 4Jolno corKem basls In prepanng these fknandal statements. Houn9 Prcperties Housing proportles are stated at cost. $S a(Mu)ted depreaon. Majc¢ components (I hous5ng propÉrties, such as bvirtdows arkl hèatlTrg components, kave en accounted for and depreciated serarately from te maln fabric, over their expected economic lives. Deprectton Is dr9ed at the rates apd below to wrte off the c05t of the asset over thelr expected useful economit lives. Land . Not Dewedaied Maln FabC IOD year5 5Lraight Ilne Roof 40 years Stral¢J,1 Ilne Elecirkals 30 years straight line Wlndows 25 years straigbl line External O¢)ows 25 years stralgfvt line Bathr(Jom 20 years siralght line Kltchen 15 years straight Ilne PllerS IS years stralght Ilne Heabn9 Instal$ - 30 years stratyht Ilnè 12
JACOB WRIGHT'S COITAGES Ttee5.nnal report and accouftits 31 December 2025 The Soctal Housing grant has been akylied against the larbd in the first Instance and thert to the Main Fabric of the building. The grant Is ayrtISed over 100 yea¥5 and released bark into the Statement of CQrnprelnS1Ye Inwffle. Sod•l Grnnt Soclal Hnvsing Grnnt (SHG) k% Paid by ihe Housin9 CorpOran to reduce the cost of knts5ng developments. WhL¥e properties have been financed wl)Ily. or partyy, by SMG Ihe cosl of t prooertles have beai reduced by the arnt 0¢ the grènt recÈivèble. On the dlsposal of woperties, wh•th hwe fAcn Nnanced wholly tsr pardy by SHG, the grant may becorne repayable. rurnov•r Turnover rewesehts gross rna1ntenan charge Te1¥&I)le. V•lu• t•x The Home5 are not regstered for VAT and 4¥here Jpplicable expendlture irtdudes VAT. Jmpalrment Annually hovsing propÈrties are assessed ftsr Imlment Indkators. This Is g¢nernlly ptrfowed iir schpme or cash-generating unrt level Where Indicators èye Iderltified an a55e5sment for Impairmo.p.t is undertaken comparing the Scheme's carryin9 amount CO recovebIe amount. Ivhcre rhe carrylng amount of a 5LITeme deerned ro exceed its recovera¢ amount. the scheme Is wrilten down to its recoverable amcxJnt_ The resultlng impairrnent loss Is recognise(l as operatlng cxpondtture. Where a scheme Is currently deerned nor ro be provIng service potential to the Assoc¢ath)n, its recoverable amount fr5 Its falr vae less costs ro seFI. DebtOTS a measured at tr4nsa¢tlon pre, fess any impaimienL Creditorn Credito¥s arc measured at trnnsxt¥Jn prKe. 13
JACOB WRIGHTS C07TAGES rnstees'annual report and accounls 31 DÈremt)er 2025 Design•t•d R•s•rves - Cydkal Malntenance Reserve Thls reseNe has been estobiished to meei fvture expenditure upon planned. or cyclKal repalrs anfl maintenance In aCCor(lan wlth an agd programme of works. Adminlstratlon The fflanagement Df tlie Assoclation continues to be dealt wlth by Durham Aged Mineworkers. Homes Assoclation (OAMHA} a separately reg15tered IHyJsing assooarion (A51251. Maintenance charge income and adtTrInratiye costs are received and by the agenr asswatlon who mako a managemenr charge aciisvj as agent. 14
JACOB WRIGHTS COTTAGES Tntst&s'annL4•1 reportand accounts 31 Dec&Trber 2025 Turnover and Operjting Surplus for the Year by cla of Busines> 2025 2024 Turnov¢r from letting• RÈnts and SetÈ charges recelvablé Arngrtised government grant5 AnKsrt15ed olher grants 23.354 780 1,083 25.217 22,553 780 1,083 24,416 Op•r•ling Exp•ndlture B&J debts written off Management Day to day repalrs & m•ntenance Servi5 IlndudlTrJ Water Rate5} Deprtciotion Tolal Expendlturn on Socb•l Mousing L•tttng• 338 3,630 9,626 7,853 3,321 24,768 3,5?5 13,718 4,954 4,455 26,652 V(*1 Losses Senltyr Ex¢cutlv•s The Senr Excojtives are defined as the Tr[ee5, who recol¥ed no emoluments dudng the year 12024.. £nil) Interast recel¥8ble and #Irtlar kneome 2025 2024 Inveslment IKome 3.749 3,342 Surplus on OrdOn4ry Actmtles 2025 2024 The Surplus on ordlnary actlvitle5 IS 5t4ted after th6ryiry'. Auditorfs remuneratio Independent Examiners. fees 1,106 3.000 JS
JACOB wGHr5 COThAGES Trustees, annual rewrt and accounts 31 DÉcember 2025 Tan9lbk Ass•ts Cost.. Al 1st janary 2025 Additions DLsposals At 31st December 2025 143.050 143.050 Lw: Dèprrflatl¢¥ At I" January 2025 Charge for year DL£posaLs At 3151 Dember 2025 {52,498) (3,3211 (55.8191 Nèt Book Value." 31. Dccember 2025 I" Januory 2025 E 87,231 E 90,552 6b. Social Housiny Asslstanc 2025 2024 Total accumulated sodal houSiThJ gfdnt recelved at 31 December 25 78.021 78,021 Recognised In the ststement of cornprehensive IroMe (19.5051 (18,7251 eld as deferred Income $8,516 59,296 6L other Grants 2025 2024 Total attumulated other grnnts received at 31 December 25 20.0? 20.000 Rccognlsed In the 5tstement of comprehen51ve Income 15.213) (4.129) Held as defer income 14,787 15.871
JACOB bVIUGHrs corrAGES Trustees, an1 fEPOrt and accourfs 31 December 2025 P4otes (contintsedj Fixed Asset Znv••tments 202$ 2024 valuat at iat JaNary 2025 Additior Surplus Ioeficit) arising on revaluaiion At 31 Oecernl)er 2025 86,983 3.662 10,295 100,940 80,601 3,251 3,131 86.983 The Investment5 cornprlse the folltswing: 2025 2024 71.99 12024.. 71.99) COIF Income Shares 706.375 12024.. 706.375} NAACIF AwJmulallon Share5 1.39l 99.549 1,461 85.522 IIXl.940 66.983 The hbtorlcal cost of Investments is anatysed as follows: 202S 2024 CQIF Income shares NAACIF Aceumulation Shar25 367 59,345 367 59,345 59.712 59,712 2025 21124 Rental debtors Prepayments and acuued [rorne 345 1.283 1,628 1,305 2,466 3,771 Cft4dltorg: Amoun18 f•lllng du• wlthln ortè year 2025 2024 Trade credttors and at(alS 5,311 5.311 2,229 17
JACQ8 IVRtGHrs corrAGES Tntstees'dnnual rewrt and accounts 3J 1cember 2Q25 NotOS (c0nUnu) io. C•pttal Commltments CoAtlngaflt Llablllt106 As at 31 December 2025 there tere no capttal ¢¢nmkn)ents.
robson-laidler.co.uk Fernwood House. Fernwood Road, Jesmond Newcastle, NE2 1TJ MAKING A POSITIVE DIFFERENCE Jacob Wright's Cottages Findings Report for the year ended 31 December 2025 Strictly Private & Confidential ROBSON / LAIDLER
Contents Contents Flnanclal revlew Profit reconciliation Discussion points OtherAreas Your accounllng policies Transactions with related partiOS Fraud or error Going concgrn Lav and regulatlons Post balance shoet events, capital commitments or contingent liabilities Upcoming regulatory and a¢¢ounting standard changes Notes from Meeting Declaration ROBSON / LAIDLER
Financial review A 5umm?ry of the financial information is presented below Slatem8nt of Flnan¢ial Activities 2025 2024 Total in¢om6 28,966 27.758 Consistent with annual increase in nI and services charges receiv8bl¢. Highèr day to day repairs in prior year than 26,652 expected. Decrease back to nomiallgvel in current year Total expendilu 24,788 SurplusllDef4Cit) 4.198 1,106 Inctpase in line with increas8 in tumov8r and decrease in expenditur6. Balance Sheet 2025 2024 Investments 100,940 86.983 Strong performance again in 2025 with a £10k revaluation increase Tangible fixèd ass$ 87,231 90,552 No additions so decrease due to deprecAation Debtors 1,628 3,771 Decrease in rental collliol and no other debtor recharge in 2025 Cash 30,428 23,210 Increase in CFA bank balance in line with surplus for thé year Creditors falling in one year 5.311 2,229 Increase in audit f88- firsl year with RL with agreed fee of £2,500 + VAT Creditors falling after more than one year 73,303 75,167 Decrease in line with yèarly 8morti$ation of grants Rgvaluatlon re$erveJ 37,566 27,271 Increase due lo dividends on investments P2id within the year D•signat•d Rgs•Nes 33,000 33.000 No movement unrtricted reserrfes 71.047 66,849 Increase in line with surplus for the year ROBSON / LAIDLER
Profit reconciliation In arriving at the figures shown above, the following adjustments have been made to the inits'al figures presented to us.. Suf lu (Deficit r figUreS resented to us No Adjustments made Surplus/ (Deficit) per draft accounts 4,198 Discussion points The following points were noted from our independent examination.. 1. Depreciation Calculations Following our review of the depreciation calculations, we identified kn assets that are not being depreciated in accordance with the ststed depreciation policies. Within Scheme No3, the assets 'Kilchen new, and 'Bathroom ne are currently being depreciated al the incorrect rates. Based on the calculations provided, 'kitchen new would be fully depreciated Over 60 years rather than 15 years, and 'balhroom new over 80 years rather than 20.years We would recommend these rates are reviewed and corrected in the next financi41 year. 2. AML infomiatlon we are required to update out AML (Anti-money Laundering information held on file. In order for us to do this please Could you provide a copy of valid passport or driving licence for 3 trustees {usually, chair, secretary and treasurer if these positions are available}. 3. Stock Condltlon report- the trustee minutes in December mention a stock condition report was lo be obtained. Could you supply us with a copy of the report for our subsequent events review. ItOBSON / LAIDLER
Other Areas Your accounting policies As part of our procedures, we consider whether your accounting policies are appropriate to the charity's circumstance and consistently applied. If there are alternative accounting policies that could be applied in your circumstances, we point these lo you to consider. We believe that all your a¢¢ounting policies are appropriate to the charity and correctly applied Transactions with related parties We review transactions with related parties and ensure they are correctly disclosed in the accounts. We consider trustees and key management as being the related parties of the charity- Outside of the current disclosures to the accounts, are any additional disclosures required in the accounts in relation to transactions wth any such parties? We would recommend that where related party transactions are identifi'ed, appropriate cOrdS are mainlained, including docurnenting such trarbsactions within the Iruslees meeting minutes. Fraud or error We have not discovered any fraud or error as part of our procedures. Have you or any of the Iruslees or senior management SU5pecied or discovered any fraud or any errors in your accounts? Going concern As trustees, when you sign i)ff the accounts you are confirming that you consider the charity has $ufficienl resources lo continue to trade as a going concern for at least 12 months from the dale the accounts are approved. Are you aware of any issues that may affect the charity's ability to continue lo trade as a going concern. Laws and regulations Are you aware of any breaches of any of the key laws or regulations that the charity operates in7 Post balance sheet events, capital commitments or contingent liabilities A post balance sheet event is a significant event that has happened lo the business since the year end, such as a material bad debt or fraud. A capitsl ¢oMmrtment is a commitment made at the yearend lo spend a material amount of money on new assets or other agreements. A contingent liability is any uncertainty that may cause the ChartY to Suffer a material cost in the future, such as a leg case. Are Ihere any of these to retX)rt? ROBSON / LAIDLER
Upcoming regulatory and accounting standard changes Changs lo FRS102'. the following amendments to FRS 102 (includes updates to the Charrty SORP FRS10213re due to be implemented for accounting periods Starting on or after 1 Jalluary 2026.. 1. Operating leases.. from the effective date. there wll be no distsnction ben finance leases and operating leases such that all long terms leases musl be included on the balance sheet as a right of use asset. Short lerm leases of less than 12 months and those classed as trivial are exempt. 2. Rgvenue recognition.. a five-step model for revenue recognition wll be implemented where income from contracts will be recognised as follows.. 8A8 St•p 1 Idenfyth Qnkncrfs) stsp2 Id•nttfythe perfc*rmance oblSgations in the coAtrJ¢t St•p 4 St•p 5 Allocats the Recognls• lrnnsactitin rnverku• whon pri¢frtothe {or asl the perfornnCe Mtltysatfsfies obligations in Porfomiaftce the contra obligatlon Determine the transaction pftt• custom Although these ehanges will not impact the accounts of Jacon Wright's Cottages until the 31 December 2026 year erKI, tght should be given in advan as lo how they could impact the current reporting processes of the charity. Charity SORP 2026.. an updated Charity SORP was released on 31. October with the ehange8 effective for ae¢ounting periods beginning on, or after, 1 January 2026 (unless early adoption is chosen). The main aecounling Changes are to bring the SORP In line with the revised accounting for leases and revenue noted above. Other changes relate to the introduction of a new tier system for delem)ining charity size and reporting critena, alon9 With additional disclosures necessary in the Iruslees, report_ We will advise on these areas in due course. Charlty Independent examlnallon threshold.. recent announcements have also confirmed an increase in the charity independent exarnination threshold. With effect from 30 September 2026 an independent examination will be required for charities with a gross annual income of £40k or above with a professionally qualified advisor when gross annual income exceeds £500k. ROBSON / LAIDLER
Notes from Meeting Meeting held at Rob) Laidler.. Wedn8sday May 2026 Present.. Louise Simmons IRLI K8nnedy Banda (DAHMAI The above points were discussed, noted and agreed In relation lo the other report areas.. No impairment of fixed assets No further related party transaclions lo disclose No issues around going concem.. Charity considered viable for 12monlh period No suspected fraud noted No breach in18ws or regulations No post balance sheet adjustments Accounts wer8 agreed wlh no further adjustment required. Declaration The trustees of Jacob Wrights Cottages confirm that they have reviewed the above Findings Report and that lo the best of their knowledge.. All points discussed with the representallves of the charfty in the meeting detailed aljove are considered accurate. All errors adjusted have been discussed and agr88menl reached that adjustment is deemed necessary. All unadjusted errors identified have been discussed and agreement was reached that no adjusbnen15 to the financial statements were deemed necessary. Signed on behalf of the Board This report is prepared solely for the confidenti81 use by Jacob Wright's Cottages. This report may not be made avsilable to any third party, in whole or in parl, wth our express permission. ROBSON / LAIDLER
Jacob Wright's Cottages Accounts signing 31-Dec-25 Doc Page Requiredio sign ccounts Chalr Accounts Chaii Accounis li Chair l Trustee Fin(Jing report Chair Ca¢