ACKifrifoSH
HOMES
JOHN MACKINTOSH
MEMORIAL HOMES
UNAUDITED FINANCIAL STATEMENTS
29 FEBRUARY 2024
CHAIUTY REGISTRATION NUMBER: 222588
STREETS
SPENSER WIL50N
CHARTERED ACCOUNTANT

JOHN MACKINTOSH MEMORIAL HOMES
FINANCIAL STATEMENTS
YEAR ENDED 29 FEBRUARY 2024
PAGE
Truste¢s' annual report
Inde￿ndent exaTniner's reFK)rt to the trnstees
Statement of financial activities
Statement of financial position
Notes to the financial statements
io

JOHN MACKINTOSH MEMORIAL HOMES
TRUSTEES, ANNUAL REPORT
YEAR ENDED 29 FEBRUARY 2024
The trustees present their report and the unaudited financial statemenls of the charity for the year ended
29 February 2024.
REFERENCE AND ADMINISTRATIVE DETAILS
REGISTERED CHARITY NAME
John Mackinlosh Memorial Homes
CHARrrY REGISTRATION NUMBER 222588
PIUNCIPAL OFFICE
The Warden's House
Waterhouse Homes
Harrison Road
Halif
West Yorkshire
HXI 2AZ
THE TRUSTEES
Lucy Artnitage - Chair
Christopher A ReyTrolds
John W Asquith
Roger M Verity (resigned 7 September 2023)
Wendy Astin
Rev Canon H Barber
Dr Roger W Pool
H¢l¢n Rhodes {re5igned 14 June 2023)
F Mike Bcrry
Rob Rosborough
Mark Holroyd (appointed 14 June 2023)
Patsy Dorset (appointed 14 JuRe 2023)
James M Walker (appointed 13 December 2023)
COMPANY SECRETARY
Mr G R Pickles RIBA
BANKERS
CAF Bank Itd
25 Kings Hill Avenue
Kings Hull
West Malling
Kent
ME194JQ
INDEPENDENT EXAMINER
Andrea Kennedy BFP FCA FCCA A￿{Fellow}
Equitable House
55 Pellon L&ne
Halif
West Yorkshire
HXI 5SP

JOHN MACKINTOSH MEMORIAL HOMES
TRUSTEES, ANNUAL REPORT (
ctsHtiJwed)
YEAR ENDED 29 FEBRUARY 2024
STRUCTURE. GOVERNANCE AND MANAGEMENT
INTRODUCTION BY THE CHAIR OF TRUSTEES, LUCY ARLVllTAGE
In my first year as Chair, l &tn pleased to introduce this report which covers the period from March 23
to February 24. A summary of the Charity's activities and our financial standing during this period is
given in th¢ reports from Ihe Finance, Residents and Personnel and Pretnises sub_cotnmittees. These
reports demotEstrate how we are fulfilling our charitable objectives by providing elderly people'in need"
with comfortable, safe and supported a¢¢ommodation.
Trustees Roger Verity and Hel¢n Rhodes ￿Signed and thanks to them for their hard work on behalf of
the charity. Roger was Chair of Finance for a number of years and deserves particular thanks for his
care and attention in looking after the charity's finances. Three new trustees were appointed during this
period and we warnily welcomed Michael Walker. Patsy Dorset and Mark Holroyd to the board. Thanks
go to all the trustees for their time, ¢are and expertl5e.
Thanks a150 go to our Scheme Managers John and Cath Giddings who are pivotal to th¢ running of the
charity and do an excellent job and to George Pickles, our Clerk who was working towards his retirement
during this period and handing ov¢r his responsibilities.
Finally. thank you to Dr Roger Pool who retired as Chairnjan at the AGM in September 2023. He was
an excellent leader of the trustee team and always approached his responsibilities with dilig¢nce and
thoughtfulness. We are pleased that he remains as ihe Chair of the Residents and Personnel Committee.
WHAT OF THE FUTURE?
We made significant progress towards updating the Charity Scheme and at the ¢nd of this period we
were ready to appoint legal r¢pr¢sentation to assist with the work of modernising our ¢harity scheme
and establishing a Corporate Trust¢e model. This will be ongoing throughout the next twelve months
working with Stone King who w¢ selected after a due diligence process and will ensure the charities
continue to be as strong as possible as we look to the future.
STRUCTURE, GOVERNANCE & MANAGEMENT
The Charity is organised so that th¢ Trustees meet regularly to manage its affairs. Recruitment is by
word of tnouth, advertising and networking at community events. New Trustees are given a programme
of induction by the Clerk and additional training events and e-learning opportunities are available to all
Trustees.
All the members of the Board of Trustees give their lime voluntarily and receive no benefits from th¢
Charity.
Th¢ main Board currently consists of twelve Truslees and is responsible for making all decisions. They
met on four occasions during the 2019-20, and all meeiing5 were well attended. The Board is supported
by sub committees which tneel quarterly or as required. They ovcr5eeing finance, premises, governance
and compliance, data protection, health and saf¢ty, appoinlments of Residents and the review of the
Charities Scheme. The Chairs of the suKcommitte¢s report back to the main Board.

JOHN MACKINTOSH MEMORIAL HOMES
TRUSTEES, ANNUAL REPORT (¢onlinuedJ
YEAR ENDED 29 FEBRUARY 2024
STRUCTURE, GOVERNANCE & MANAGEMENT (coNtinued)
The Trustees follow the requirements of the 1975 Charity S¢hem¢ and also refer to the guidance
conlained in the Almshouse Asso¢iation 'Siandards of Almshouse Management 2019,. It has been
recommended to the Board thal they fortnally adopt the Charity Govemance Code for Small Charities.
Related parties - in the furtherance of its objccts, the Charity confonns lo the standards and methods of
practice of the Almshouse Association (Metnbership No.1004).
OBJECTIVES AND ACTIVITIES
Th¢re are Iwo charities r¢f¢rred to in the 1975 Charity Commission Scheme
one called Th¢ John
Mackintosh Memorial Homes, regulated by a conveyan¢e dated 16th June 1930, and the Violet
MackitTrtosh Charity the income frotn which is for the maintenance of the homes. The conveyance
dcscribes the land and buildings which are vested in the Charity Comtnission and are to be used for
housing people aged over 60, of good character and restricted means. The Trustees continiie to actively
iiivestigate ways in whi¢h the Scheme may be updated to meet the wishes of John and Violet Mackintosh
in the 2 1st century and have received advice from a leading practice of lawyers specialising in charity
governance.
The sixteen Ma¢kinlosh Metnorial Homes continue to provide recently modernised and updated quality
homes that create a strong feeling of community amongst its residents. There is a healthy demand for
the accommodation and residents appear very satisfied with the individual homes.
The achievements of the charity are referred to in more detail in the reviews shown below.
ACHIEVEMENTS AND PERFORMANCE
The achievements and perforniance are described in reviews shown below.
Essentially the charity homes remain in demand, and r¢sidents express satisfaction.
Income from weekly maintenance contributions supports a budget which is in line with the Almshouse
Association model.
Reserve5 are reasonable but not at a level which would enable rebuilding.
Investment income is satisfactory and has supported the payment of donations to organisations whi¢h
support those in need.

JOHN MACKINTOSH MEMORIAL HOMES
TRUSTEES, ANNUAL REPORT (
CLTrNtinued)
YEAR ENDED 29 FEBRUARY 2024
FINANCIAL REVtEW
All trustees would like to express their thanks and appreciation to Roger Verity, who has stood down as
both Trustee and Chair of Finance, for his hard and diligent work over the past few years.
Income from ¢harilable activities (almshouse r¢sidents' contributions} totalled £ 99,819, an increase of
6.70/0 over the previous year. This reflects th¢ continuing ability of the charity, assist¢d by the
refurbishment policy of recent years, to attract and relain resident5. This is the key source of income for
the charity, n¢¢ded to support our main activity of managing the 16 dwellings and asso¢iated support to
the residents.
Total income of the charity increased by 5.70/0 to £ 106,729, helped by grant receipts of £ 3,514
(including £2,500 from the United Charities of Nathaniel Waterhouse) together with higher investment
dividends and bank interesl of £ 3,396.
Total ¢xp¢nditure on almshouse and governance costs increased by only 3.4% to £ 83.886, reflecting
continuing control of all costs during the year. This, combined with th¢ increase in incotne has
gen¢rat¢d a positive net income of £ 22,843. an increase of15 % on the pr¢vious year.
The ¢harity enjoyed a better year regarding it5 investments, ending th¢ year with unrealised investment
gains of £ 4.238 cotnpared with a loss of £ 3.654 the previous year. The Trustees continue to tnonitor
the perfortnance of all investments.
The investment gains coupled with the nel income surplus have resiilted in an overall surplus of £27,081,
increasing both restricted and unrestri¢led reserves. The total funds Carried forward now total £136,503.
This in¢rease ha5 further improved the charity's financial resilience and its ability lo maintain the key
income g¢ncrating premises in good ¢ondition and so attract new residents, when vacancies arise, and
retain exisling oncs in a comfortable and safe living environment.
RESERVES POLICY
Th¢ finan¢ial accounts have been drawn up in line with the recently updated Reserves policy document.
Further work will be undertaken as part of the continuing project to consider th¢ modernisation of the
Charity scheme objectives.
Residents and Penonnel
The R and P group met on 4 occasions during ihis period and ran one application process for
new residents.
The 'Wardens' job title was changed to 'Scheme Manager, to reflect their wider responsibilities.
Employment contracts for the Scheme managers were finally agreed and signed.
The Scheme Managers attended all meetings, provided updates and detailed reports.
During this period 8 new residents moved in. New residents were universally both gral¢ful and
happy with their new ac¢ommodation and the support provided.
A healthy list of expressions of interest regarding future vacancies exists.
Th¢ refined appointment process, including visits from George, Clerk, and John, Scheme
Manager continued to function well.

JOHN MACKINTOSH MEMORIAL HOMES
TRUSTEES, ANNUAL REPORT (co#ilft¥ed)
YEAR ENDED 29 FEBRUARY 2024
Residents And Penonnel (eolllinuedl
A newsletter produced by Schetne Managers John and Cath focussing on events taking place
and other news items was distributed regularly.
Following two significant events the advice lo Residents who are users of a care alarm has been
strengthened to ensure ihat they are always worn or within reach.
A donation of £1250 was made to the Halifax Minister as well as donations of £2000 each to
the Church of the Holy Nativity Mixenden and Halifax Opportunities Trust.
W¢ are very grateful to John and Carol Bassinder, retired Wardens. who have provided holiday
cover for John and Cath. The Scheme Managers maintain a detailed log of out of hours calls to
ensure the appropriate time is taken off in lieu.
A series of social events held in the Cotnmunity Room at Waterhouse were mu¢h appreciated
and included two visits from the HATY youth choir, carols with BD l Brass, fish and chips and
coffee mornings.
I would like to bring to all readers and Trustees notice the high standard of care and support being
providcd by our Scheme Managers. Thanks must go to The Clerk and to members of the Residents and
Personnel Committee for all their hard work during this period.
Premises
The 5ubcornmittee met on 6 occasions during the year 23124. Two of these m¢elings w¢r¢ specific
discussions about the possibility of fitting solar panels on the site. The wishes of the finan¢e ¢ommittee,
to try to restrict spendin8, wer¢ taken on board resulting in some planned non urgent improvemcnls
being deferred.
l. The refurbishment of flat 12 was cotnpleted leaving just one remaining flat to update as such
time as it becomes vacant. There will also be a gradual programme of window replacements
with DPC'S to other flats on the south facing side.
2. A low carbon report that had b¢en Commissioned was received and an investigation into sol
panels undertaken. Thanks to Rob Rosborough for leading this, and obtaining quotations, which
indicated that Mackintosh flats could be a suitable place installation but would be dependent on
thc availability of grants. (This will be takcn forward in future years)
3. Work has been completed on checking all paved areas around the site, repair to the 2 sets of
steps to the sunken lawn have been Completed and, redecoration was undertaken at on¢ of the
cottages
4. Routine and cyclical repairs have been carried OUL as and when required, throughout the year.
Significant updates to the site, in a number of areas. are planned in 202412025.
PUBLIC BENEFIT
Trustees endeavour to seek deserving applicants for the a¢¢omtnodation and try to accommodate people
who will benefit from the security and peace of mind provided by living at Mackintosh Homes. Whilst
residents contribute to their heating costs, it is at a subsidis¢d rate and fixcd for the year. No Resident
need wony about Ihe cost of keeping warni in winter. The Wardens arc based at nearby Waterhouse
Homes and visit the more frail or anxious residents very frequently and often on a daily basis. A A
happy community is often a healthy and supportive community.
Contributions to the cost of the accommodation vary from Resident to Resident - those who have been
with the Charity a number of years and in older accommodation pay on an indexed basis. newer residents
in re modelled flats pay an affordable rate accepted by the Housing Benefit Offi¢e.

JOHN MACKINTOSH MEMORIAL HOMES
TRUSTEES, ANNUAL REPORT (eowlN4edJ
YEAR ENDED 29 FEBRUARY 2024
PRINCIPLE FUNDING SOURCES
The principle funding source for the charities is from the maintenance contribution received from the
Almshouse, Resident5.
VOLUNTEERS
All the members of the Board of Trustees give their time voluntarily and receive no benefits from the
Charity. Due to government pandemi¢ restrictions. for the majority of the year it has not been possible
for volunteers to support the Charities.
STATEMELYT OF TRUSTEES, RESPONSIBILITIES
The Trustees of the Charity submit their report and independently examined financial statements for the
year ending 29 February 2024 and confim) they comply with current statutory requirements. These
financial Statements have been prepared in a¢cordance with Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to ¢harities preparing their financial statements in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS102.. Effective l Jan 2019) as d¢tail¢d in the accounting policies.
The law applicable to charities in England and Wales requires the Charity Trustees to prepare financial
statements for each year which give a true and fair view of the state of affairs of the charity and of the
incoining resources and application of resources, of the Charity for that period.
In preparing these financial statem¢nts, the trustees are required to:
s¢lect suilable accounting policies and then apply them consistently.
observe the methods and principles in the applicable Charities SORP;
make judgements and accounting estimates that are reasonable and prudent.
slate whether applicable UK Accounting Standards have been followed, subject to any material
departures dis¢losed and explained in ihe financial statements;
prepare the financial stalement on the going concern basis unless it is inappropriate to presume
that thc charity will continue in business.
The Trustees are responsible for keeping adequate accounting r¢¢ords that are sufficient to Show and
explain lh¢ Charity's transactions and disclose with r¢asonabl¢ a¢¢uracy at any time the financial
position of the charity and enable ihem to ensure that the financial statements comply with thc Charities
Act 201 I, the appli¢able Charities (Accounts and Reports) Regulations. and the provisions of the Trust
Deed. They are also responsible for safeguarding the ass¢ts of the charity and h¢n¢e for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
The tn]stees' annual report was approved on I l December 2024 and signed on behalf of the board of
trustees by..
Lucy Armitage (Chair)
Trustee

JOHN MACKINTOSH MEMORIAL HOMES
INDEPENDFNT EXAMINER'S REPORT TO THE TRUSTEES OF JOHIY
MACKINTOSH MEMORIAL HOMES
YEAR ENDED 29 FEBRUARY 2024
I report to the trustees on my examination of the finan¢ial statements of John Mackintosh Memorial
Homes ('the charity,) for the year ended 29 February 2024.
RESPONSIBILITIES AND BASIS OF REPORT
As th¢ trustees of the charity you are responsible for the preparation of the financial statem¢nts in
accordance with the requirements of the Charities A¢t 2011 ('Ihe Act,).
I report in r¢spect of my examination of the Charity's financial stalements catTied out under section 145
of the 2011 Act and in carrying oul my examination I have followed all the applicable Directions given
by the Charity Cotnmission under section 145{5Xb) of the Act.
INDEPENDENT EXAMINER'S STATEMENT
I have completed tny examination. l confim) that no material matters have come to my attention in
¢onne¢tion with the examination giving me cause to believe that in any material r¢spe¢t'.
accounling records were not kept in respect of the charity as required by section 130 of the
Aci; or
the financial stalements do not accord with those records- or
the financial statements do not comply with the applicable requirem¢nts concerning the fortn
and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008
other than any requirement that the accounts give a 'true and fail view which is not a matter
considered as part of an independent cxatninalion.
I have no concerns and have come a¢ross no othcr tnatters in connection with the examination to which
aitention should be drawn in this report in ordcr to enable a proper understandin8 of the a¢¢ounls lo be
reached.
Andrea Kennedy BFP ACA FCCA ATT(Fellow)
Ind¢p¢nd¢nl Examincr
Equitabl¢ House
55 Pellon Lane
Halifax
West Yorkshire
HXI 5SP
I l December 2024

JOHN MACKINTOSH MEMORIAL HOMES
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 29 FEBRUARY 2024
2024
Unrestricted Restricted Endowment
funds
funds
funds
2023
Total funds Total funds
Note
Income and endowments
Donations and legacies
Charitable activities
Inveslment income
3,514
99,819
3,396
3,514
99,819
3J96
5,000
93,523
2,453
100,976
Total ineome
106,729
106,729
Expenditure
Expendilure on
charitabl¢ activities
79,886
4,000
83,886
81.160
Total expenditure
79,886
4,000
83,886
81,160
Net ineome
26,843
(4,000)
22,843
19,816
Transfers between funds
(1,746)
1.746
Other reeognised gains and losses
Other gains/(losses) user
defined I
4,238
4,238
4238
(3,654)
16,162
Net movement in fmnds
25,097
(2,254)
27,081
Reeoneiliation of fund$
Total fiinds brought forward
Total funds ￿rried forward
(1,279)
23,818
2,254
108,448
112.686
109,423
93,261
136,504
109,423
The statement of finanLial activities includes all gains and losses recognised in the year.
All income and ¢xpenditure derive from continuing activities.
The notes on pages 10 to 19 form part of ¢bese fin#ntiAI Statements.

JOHN MACKINTOSH MEMORIAL HOMES
STATEMENT OF FINANCIAL POSITION (conl
29 FEBRUARY 2024
2024
2023
Note
FIXED ASSETS
Tangible fixed assets
Investments
13
14
43,586
91,630
43,586
87.392
135216
130,978
CURRENT ASSETS
Debtors
Cash at batjk and in hand
15
4,417
44,909
2,799
29,560
49J26
32.359
CREDITORS: amount$ falling due
within one year
Trade creditors
Other creditors includin8 taxation and
social security
Accruals and deferred income
1.820
16
7J63
15J69
7,353
12,408
21,581
22,732
NET CURRENT ASSETS
26594
10,778
TOTAL ASSETS LESS CURRENT
LIABILITIES
161,810
141,756
CREDITORS: amounts falling due
after more than one year
NET ASSETS
17
25J06
32,333
136,504
109,423
FUNDS OF THE CHARrrY
ETtdowment funds
Restricted funds
Unrestricted funds
112,686
108,448
2,254
(1,279)
109,423
23,818
Total charity funds
18
136,504
These financial statements were approved by the board of trustees and authoris¢d for issue on I I
December 2024, and are signed on behalf of the board by..
F Mike Berry
Trustee
Lucy Artllitage (Chair)
Trustee
Tbe notes on pages 10 to 19 form part ofthese finaneial Statements.

JOHN MACKINTOSH MEMORIAL HOMES
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 29 FEBRUARY 2024
GENERAL INFORMATION
The charity is a public benefit entity and a registered charity in England and Wales and is
unin¢orporated. The address of the princip&l offi¢¢ is Albert Promenade, Skircoat Green, Halifax,
HX3 OHA.
STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with FRS 102. 'The Financial
Reporting Standard applicable in the UK and thc Republic of Ireland,, the Statement of
Recotnmended Practice applicable lo charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities
SORP (FRS 102)) and the Charities Act 2011.
ACCOUNTING POLICIES
Basis ofprep%ratioll
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities.
The financial statements are prepared in sterling, which is the functional curren¢y of the entity.
Going concern
There are no material un¢ertainties about the charity's ability to continue.
Judgements and key 50ur¢es of e8¢imation uncertainty
The preparation of the financial statements requires management to make judgements, estimates
and assutnptions that affect the amounts reported. These estitnates and judgements are ¢onlinu&lly
reviewed and are based on experience and other factors, including expe¢tations of future events
that are believed to be reasonable under the circumstsnces.
There are not considered to be any judgemenls or accounting estimates or assumptions that have a
significant impact on the financial statements
Fund accounting
Unrestricted funds are available for usc at the discretion of the trustees to further any of the charity's
purposes.
Designated funds are unrestricted funds earniarked by the trustee5 for particular future project or
commitment.
Restricted funds are subjected to restrictions on Iheir expenditure declared by the donor or through
the temis of an appeal. fall into one of two sub-¢lass¢s'. re5tri¢ted income funds or endowment
funds.
io

JOHN MACKINTOSH MEMORIAL HOMES
NOTES TO THE FINANCIAL STATEMENTS f
YEAR ENDED 29 FEBRUARY 2024
Incoming resour¢
All income is included in the statement of financial activities when ¢ntitlement has passed to the
charity, it is probable that the economic benefits associated with the transaction will flow to the
charity and the amount can be reliably measured.
Resources expended
Expendilure is recognised on an accruals basis as a liability is incurred. Expenditure includes VAT
and is classified under headings of the statement of finan¢ial activities to which it relales=
expenditure on charitable activities includes all costs in¢urred by a charity in undertaking activities
that further its charitable aims for the benefit of its beneficiaries. in¢luding those 5UPPOrt costs and
¢osts relating lo the governance of the charity apportioned to charitable activilies.
Tangible assets
Tangible assels are initially recorded at cosl, and subsequently stated at cost less impairnient losses.
Investments
Listed investments are measured at fair value with changes in fair value being recognised in profit
or loss.
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic
finan¢ial instruments. Basic financial instruments are initially recognised al transaction value and
subsequently Tneasured at their settlement valu¢ with thc exception of bank loans which are
subsequently measurcd at amortised cost using the effeciive interest method.
DONATIONS AND LEGACIES
Unrestri¢frd Total funds Unrestricted Total funds
funds
2024
funds
2023
GRANTS
Grants receivable
3,514
3,514
5.000
5,000
CHARITABLE ACTIVITIES
Unrestricted Total funds Unrestricted Total funds
funds
2024
funds
2023
Almshouses resident's contributions
99,819
99,819
93,523
93,523
li

JOHN MACKINTOSH MEMORIAL HOMES
NOTES TO THE FINANCIAL STATEMENTS (
YEAR ENDED 29 FEBRUARY 2024
INVESTMELYT INCOME
Unrestricled Total funds Unrestricted Total funds
fund5
2024
funds
2023
Income from listed investments
Bank interest receivable
1,994
1,402
1,994
1,402
2,161
292
2,161
292
3,396
3J96
2,453
2.453
EXPENDITURE ON CHARIT ABLE ACTIVITIES BY FUND TYPE
Unrestricted Restricted Total funds
funds
funds
2024
Almshouses costs
Support costs
76,551
3,335
4,000
80,551
3J35
79,886
4,000
83086
Unrestricted Restricted Total funds
funds
funds
2023
Almshouses ¢osts
Support costs
77,688
3,157
80,845
315
78,003
3.157
315
81.160
EXPENDITURE ON CHARITABLE AcrtVlTIES BY ACTIVITY TYPE
Activiti¢s
undertaken
directly
Total funds Total fund
2024
2023
Support costs
Almshouses costs
Governance costs
80,551
80,551
3,335
78,003
3,157
3.335
80,551
3.335
83,886
81,160
12

JOHN MACKINTOSH MEMORIAL HOMES
NOTES TO THE FINANCIAL STATEMENTS (
YEAR ENDF.D 29 FEBRUARY 2024
ANALYSIS OF ALMSHOUSES COSTS
TotAI 2024 Total 2023
Scheme manager's salaries and national insurance
Clerk's salaries and national insurance
Clerk's expenses
Routine maintenance
Legal and professional fees
Light, heat, rates and water
Insurance
Gardener and cleaning
Advertising
Effective interest on Almshouse loan
Residents, welfare
Travelling
Telephone and other office costs
18824
6,164
98
3234
5,006
8J77
2,927
2087
17,435
5,769
168
3,310
5,696
12,129
2,268
4,012
225
380
728
179
859
324
951
207
I￿35
50534
53,158
Cyclical maintenance
Restricted
Extraordinary repairs
26,017
24,530
4,000
315
80￿51
78,003
ANALYSIS OF GOVERNANCE COSTS
2024
2023
Scheme tnanager's salaries
Clerk's salary
Clerk's expcnses
Bank charges
Independent examiners report
887
1,540
98
60
750
923
1.442
168
74
550
3?35
3.157
10. INDEPENDENT EXAL￿ATION FEES
2024
2023
Fees payable to the independent examiner for..
Independent examination of the financial ststements
(hher financial s¢rvi¢es
750
2,566
3?16
550
1,686
2,236
13

JOHN MACKINTOSH MEMORIAL HOMES
NOTES TO THE FINANCIAL ST ATEMENTS (conli
ed)
YEAR ENDED 29 FEBRUARY 2024
11. STAFF COSTS
The total staff cost5 and employee benefits for the reporting period are anAlys¢d as follows:
2024
2023
Wages and salaries
Social security costs
21252
6,164
19,800
5,769
25,569
27,416
2024
2023
Warden's salaries and national insurance
Scheme manager's salary and national insurance
19,711
7,705
18,358
7,211
27,416
25,569
The average head count of employees during the ye8r was 3 (2023.. 3).
No employee rec¢iv¢d employee benefits of more than £60,000 during the year (2023= Nil).
12. TRUSTEE RE1￿UNERATIOIY AND EXPENSES
No remun¢ration or other benefits from employment with the charity or a related entity were
received by th¢ trust¢es.
13. TANGIBLE FIXED ASSETS
Freehold
property
Cost
At l March 2023 and 29 February 2024
Carrying amount
At 29 February 2024
At 28 February 2023
43586
43,586
43,586
14

JOHN MACKINTOSH MEMORIAL HOMES
NOTES TO THE FINANCIAL STATEMENfs (Corfrf￿Uerfj
YEAR ENDED 29 FEBRUARY 2024
14. INVESTMENTS
Listed
investments
Cost or valuation
Ai l March 2023
Addition5
Fair valuc movement5
87J92
4,238
Al 29 February 2024
Impairment
At l March 2023 and 29 February 2024
Carrying amount
At 29 February 2024
At 28 February 2023
91,630
91,630
87,392
All investments shown above are held at valuation.
Fillancial assets held at fair value
Cost Fair value
2024
2024
C05t
2023
Fair value
2023
COIF charities deposit funds
CCLA property fund (11,825 income
units)
COIF charities ethical investments
{9,951 income units)
COIF charities eihical inv¢slments
(7,453 income units)
25,771
25,771
25,77l
25,771
12,051
12J94
12,051
12.863
24,000
30571
24,000
27,228
20,000
22,894
20,000
21,530
87,392
81,822
91,630
81,822
'rhe invested funds are revalued al the balance sheet date to the mid daily value published on the
providers website.
15. DEBTORS
2024
2023
Prepayments and accrued income
Other debtors
1220
3,197
1,006
1,793
4,417
2,799
Is

JOHN MACKINTOSH MEMORIAL HOMES
NOTES TO THE FINANCIAL STATEMENTS (e¢oiiJrMe￿J
YEAR ENDED 29 FEBRUARY 2024
16. OTHER CREDITORS INCLUDING TAXATION AND SOCIAL SECURITY FALLING
DUE WITHIN ONE YEAR
2024
2023
Social security and other taxes
Almshouse Association Loan
Other creditors
240
7,027
96
327
7.026
7J63
7,353
17. CREDITORS: amounts falling due after more than one year
2024
2023
Almshous¢ Association Loan due in 2 to 5 years
25J06
32,333
This loan is repayable by bi-annual instalments and has an eff¢¢live interest rate of 0.80/0.
18. ANALYSIS OF CHARITABLE FUNDS
Ullreslricted fund5
At
l Mar 2023
Gains attd
losses
At
29 Feb 2024
Income
Expenditure Transfers
General funds
(1,279)
106.729
(79,887)
(1,746)
23017
At
l Mar 2022 In¢om¢
Gain5 and
losses
At
28 Feb 2023
Expenditure Transfers
General funds
(21,410)
100.976
{80,845)
{1,279)
16

JOHN MACKIIYTOSH MEMORIAL HOMES
NOTES TO THE FINANCIAL STATEMENTS I
contlnmed)
YEAR ENDED 29 FEBRUARY 2024
18. ANALYSIS OF CHARITABLE FUNDS (co￿11n￿e￿)
Restricted funds
At
l Mar 2023
Gains and
losses
At
29 Feb 2024
Income
Expenditure
Transfers
Extraordinary
repair fund
2,254
(4,000)
1,746
At
l Mar 2022
Gains and
losses
At
28 Feb 2023
Income
Expenditure
Transfers
Extraordinary
repair fund
2,569
(315)
2,254
Extraordinary repair fund
The 1975 scheme set up a charity for the maint¢nance of the homes, the 'Charity of Violet
Mackitktosh,, which is represented by a restricted fund.
The John Ma¢kintosh Memorial Homes Charity specifies the establishment of a res¢rve fund
entitled 'Extraordinary Repair Fund,, for the purposes of providing the extraordinary repair,
tmprovem¢nl or rebuilding of the Almshouses.
The Extraordinary Repair Fund (ERF) and Cyclical Maintenance Fund (CMF) have had minimal
transfers required to retnove negative balances. This is in recognition of the investments made in
improvin8 th¢ estate via the general fund in 2018 and 2019.
17

JOHN MACKINTOSH MEMORIAL HOMES
NOTES TO THE FINANCIAL STATEMENTS (conilou¢d)
YEAR ENDED 29 FEBRUARY 2024
19. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unre%tri¢t¢d Restricted Endowment Total funds
funds
funds
funds
2024
Tangible fixed assets
Investments
Current assets
Creditors less than l year
Crcditors greater than l year
N¢t 455ets
43.586
69,100
4J,586
91,630
49J26
{22,732)
{25J06)
136,504
22,529
49,326
(22,732)
(25,306)
23,817
112,686
Unrestrict¢d Restricted Endowmeni Total funds
funds
funds
funds
2023
Tangibl¢ fixed assets
Investments
Current assets
Crcditors less than l year
Creditors great¢r than l year
Net assets
43,586
64,862
43,586
87,392
32,359
{21,581)
{32.333)
109,423
22,530
30.105
{21,581)
{32,333)
{1,279}
2.254
2,254
108,448
20. RELATED PARTIES
During the year £2,500 donation was receiv￿ from United Charities of Nathaniel Waterhouse
Charities a Charity under the common control of th¢ trustees.
19