## **THE COOKE ALMSHOUSE CHARITY**
## **FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2024**
HEPWORTH GRIFFITHS CHARTERED ACCOUNTANTS
**THE COOKE ALMSHOUSE CHARITY**
## **CONTENTS**
Pages
|1|Information|
|---|---|
|2|Board of Trustees Report|
|3|Statement of the Board’s Responsibilities|
|4|Independent Examiner’s Report|
|5|Statement of Comprehensive Income|
|6|Statement of Financial Position|
|7|Statement of Cash Flow|
|8|Statement of Change in Reserves|
|9-14|Notes to the Financial Statements|
## **THE COOKE ALMSHOUSE CHARITY INFORMATION**
## **Establishment of Registered Social Landlord**
The charity is registered under the Housing Act 1996 (Registration number A4153) and the Charities Act 2011 (Registration number 223340).
The Cooke Almshouse Charity was established by Brian Cooke Esq. under a Will dated 5 January 1661. The charity is regulated by a scheme of the Charity Commission.
|**Trustees**|Bruce Lowis|Chair|
|---|---|---|
||Mr Tony Sockett|Secretary|
||Mrs Joan Simpson||
||Mrs Brenda Topham||
||Clr. Charlie Hogarth||
||Mrs Jackie Dusi||
||Mrs Kate Ford||
|**Registered Address**|3 Rich Farm Close||
||Arksey||
||Doncaster||
||South Yorkshire||
||DN5 0SE||
|**Solicitors**|Taylor Bracewell||
||17-23 Thorne Road||
||Doncaster||
||South Yorkshire||
||DN1 2RP||
|**Accountants**|Hepworth Griffiths||
||Chartered Accountants||
||47/49 Grove Street||
||Retford||
||Nottinghamshire||
||DN22 6LA||
**1**
## **COOKE ALMSHOUSE CHARITY** Registered Charity Number 223340
## Almshouse Association Membership Number 1149 **ANNUAL REPORT FOR 2024**
It is pleasing to convey a number of positive outcomes for the Cooke Almshouse Charity in 2024 in terms of appointing new residents and enhancing some of the properties. The original interlinked cottages were 12 in number and constructed in the 17[th] century when there was no electricity, gas or running water. With the advent of Local Authority bungalow construction in local communities the Almshouses became unusable. Thanks to the enterprise of local volunteers some 25 plus years ago and the support from Sir David Cooke, the 12[th] Baronet, funding was obtained to renovate the cottages. The original 12 cottages were enhanced through a programme of combining adjacent properties to provide six units, each with lounge, kitchen, bedroom and shower/ toilet facilities.
The Cooke Almshouse Trustees represent the interests of the village of Arksey and greater Bentley and play a significant role in ensuring that properties are maintained to a good standard. The Trustees are also responsible for advertising any vacancies, selecting residents from the local area and ensuring that the Charity meets the requirements of the Charity Commission and the National Almshouse Association. The Trustees schedule meetings every two months in the Arksey Communal Hall.
2024 has been a very progressive year with the appointment of new residents in three of the properties and continuing the responsibility of funding major improvements in two of the homes. Sadly, the oldest Almshouse resident passed away and our longest serving resident was no longer able to live independently and is now living in a 24/7 residential home. The third vacancy was a result of the resident choosing to move into a house in the village. Two of our new Almshouse residents are single and have taken up accommodation in the smaller cottages. A married couple moved from rented accommodation in Bentley into one of the two larger cottages in the latter part of 2024.
To meet the requirements of the new residents, the Charity has funded substantial improvements in the double property with a total kitchen replacement of furniture and fittings and upgrading of the toilet / shower area. In one of the single properties, kitchen improvements and new radiators have been installed, the second only requiring minor cosmetic improvements. The condition of the all the units continues to be monitored on a “rolling” schedule.
The Almshouse site has allotments to the rear of the residential properties and a number of Arksey residents have use of a plot. When a vacancy occurred in 2024, two of our new residents accepted an invitation to share the area. The Charity Trustees made a successful application to Doncaster Council for an Earth Day grant and were awarded £500.00 which, together with an uplift from the Charity funds, was used to provide paved footpaths and additional security.
Maintaining the external appearance of the cottages and ensuring the upkeep of the tiled roof is the financial responsibility of the Trustees. In the latter part of the year high winds removed some tiles and did slight damage to the apex of the roof. Difficulties were experienced in obtaining a roofing contractor due to the nature of a listed building but the efforts of the Trustees succeeded in a positive result. Other responsibilities associated with the site involve the Trustees in paying for the lawn maintenance, utilities updates and contracting a Pest Control Officer. The latter visits every six weeks to assess and treat problems associated with rodents, to prevent accessing both our and neighbouring properties. The adjacent allotment site is also inspected.
Central heating boilers for each property are located in the roof areas. For several years access into the attic areas was via a portable ladder. To comply with Government regulations, the Trustees organised the installation of a loft ladder in each of the six properties in order to facilitate safe access. Residents are not permitted to use the loft areas for storage.
2024 was a busy and challenging year but the positive outcomes for residents, fellow Trustees and Officers and allotment users leaves me to end the Annual Report with a thank you. They have all contributed to ensure the continuing presence of the Cooke Almshouses as a pleasant and viable location in the historic part of the village of Arksey. As a thankyou to the residents the Trustees ended the year by gifting a voucher for £25.00 to each household.
**Bruce E Lowis** ………………………………………………… **(Chair of the Cooke Almshouse Charity) Dated** ……8/05/2025……..
2
## **THE COOKE ALMSHOUSE CHARITY STATEMENT OF THE BOARD’S RESPONSIBILITIES**
Registered Social Housing legislation requires the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Private Registered Provider (RP) of Social Housing and of the surplus or deficit for that period. In preparing these financial statements, the Board is required to:
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- follow applicable United Kingdom Accounting Standards and The Accounting Direction for Private Registered Providers of Social Housing 2012; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the RP will continue in business.
The Board is responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the RP and to enable it to ensure that the financial statements comply with The Housing and Regeneration Act 2008 and The Accounting Direction for Private Registered Providers of Social Housing 2012. It has general responsibility for taking reasonable steps to safeguard the assets of the RP and to prevent and detect fraud and other irregularities.
Trustee ……………………………………………
**3**
## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE COOKE ALMSHOUSE CHARITY**
We report on the accounts for the year ended 31 December 2024 which are set out on pages 5-14.
## **Respective responsibilities of trustees and independent examiner**
The charity's trustees consider that an audit is not required for this year under both section 144(2) of the Charities Act 2011 (the 2011 Act) and the Housing and Regeneration Act 2008 and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- state whether particular matters have come to my attention.
## **Basis of independent examiner’s report**
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the management committee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in a full audit, and consequently we do not express an audit opinion on the accounts.
## **Independent examiner’s statement**
In connection with my examination, no matter has come to my attention:
(1) which give me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 130 of the 2011 Act and the Housing and Regeneration Act 2008; or
- to prepare accounts which accord with these accounting records have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
John A Hepworth ACA Hepworth Griffiths. Chartered Accountants 47/49 Grove Street Retford, Notts. DN22 6LA Date: 8 May 2025
**4**
## **THE COOKE ALMSHOUSE CHARITY STATEMENT OF COMPREHENSIVE INCOME**
## **YEAR ENDED 31 DECEMBER 2024**
|**Note**
**TURNOVER**
23,537
**OPERATING EXPENDITURE**
Services
**13**
5,763
Management
**14**
4,844
Day to day maintenance
**15**
2,325
Cyclical maintenance
**15**
1,402
Empty property expenses
2,620
Refurbishment
-
Depreciation
**8**
10,822
27,776
-
**OTHER INCOME**
Amortisation of Government Grants
5,023
**OPERATING SURPLUS**
**6**
784
Interest Receivable and Similar Income
**5**
5,558
Other income
1,278
**SURPLUS BEFORE TAX**
7,620
Taxation
**7**
-
**SURPLUS FOR THE YEAR**
7,620
Unrealised (Deficit)/Surplus on Revaluation
of Fixed Asset Investments
-
**TOTAL COMPREHENSIVE INCOME FOR THE YEAR**
7,620
**2024**|**Note**
**TURNOVER**
23,537
**OPERATING EXPENDITURE**
Services
**13**
5,763
Management
**14**
4,844
Day to day maintenance
**15**
2,325
Cyclical maintenance
**15**
1,402
Empty property expenses
2,620
Refurbishment
-
Depreciation
**8**
10,822
27,776
-
**OTHER INCOME**
Amortisation of Government Grants
5,023
**OPERATING SURPLUS**
**6**
784
Interest Receivable and Similar Income
**5**
5,558
Other income
1,278
**SURPLUS BEFORE TAX**
7,620
Taxation
**7**
-
**SURPLUS FOR THE YEAR**
7,620
Unrealised (Deficit)/Surplus on Revaluation
of Fixed Asset Investments
-
**TOTAL COMPREHENSIVE INCOME FOR THE YEAR**
7,620
**2024**|24,875
4,943
4,077
6,039
1,474
559
-
10,872
27,964
-
5,023
1,934
4,802
827
7,563
-
7,563
-
7,563
**2023**|24,875
4,943
4,077
6,039
1,474
559
-
10,872
27,964
-
5,023
1,934
4,802
827
7,563
-
7,563
-
7,563
**2023**|
|---|---|---|---|
|||||
||784
5,558
1,278||1,934
4,802
827|
||7,620
-||7,563
-|
||7,620||7,563|
||-||-|
||7,620||7,563|
The results relate wholly to housing activities, all of which are continuing.
The financial statements on page 5 to 14 were approved by the Board of Trustees on 8 May 2025 and signed on its behalf by:
|**…..................................................**|**Trustee**|
|---|---|
|**…..................................................**|**Trustee**|
The notes on pages 9 to 14 form an integral part of these financial statements
**5**
## **THE COOKE ALMSHOUSE CHARITY STATEMENT OF FINANCIAL POSITION**
## **YEAR ENDED 31 DECEMBER 2024**
|**Note**
**FIXED ASSETS**
Tangible Fixed Assets
**8**
Investments
**9**
**CURRENT ASSETS**
Trade and Other Debtors
**10**
Cash and Cash Equivalents
**CREDITORS: AMOUNTS FALLING DUE WITHIN**
**ONE YEAR**
**11**
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**CREDITORS: AMOUNTS FALLING DUE AFTER**
**MORE THAN ONE YEAR**
**12**
**TOTAL NET ASSETS**
**RESERVES**
Income and Expenditure Reserve
**Page 8**
Designated Reserves
**Page 8**
Revaluation Reserve
**Page 8**
**TOTAL RESERVES**|**2024**
270,907
10,028
280,935
1,317
-
100,686
99,369
13,384
-
85,985
366,920
120,539
-
246,381
216,600
9,781
20,000
246,381|**2023**
262,929
9,501|**2023**|
|---|---|---|---|
|||272,430
2,119
-
110,437||
|||108,318
16,425
-||
|||91,893||
|||364,323
125,562
-||
|||238,761||
|||208,980
9,781
20,000||
|||238,761||
The accounts were approved by the board and signed on its behalf on 8 May 2025
- **….................................................. Trustee ….................................................. Trustee**
The notes on pages 9 to 14 form an integral part of these financial statements
**6**
## **THE COOKE ALMSHOUSE CHARITY STATEMENT OF CASH FLOW**
## **YEAR ENDED 31 DECEMBER 2024**
|**NET CASH GENERATED FROM OPERATING ACTIVITIES**
**CASH FLOW FROM INVESTING ACTIVITIES**
Purchase of Investments
Proceeds from Sale of Investments
Purchase of Equipment
Interest Receivable and Similar Income
**NET CHANGE IN CASH AND CASH EQUIVALENTS**
**CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR**
**CASH AND CASH EQUIVALENTS AT END OF YEAR**
**NET CASH GENERATED FROM OPERATING ACTIVITIES**
Surplus for the Year
Adjustments for Non-Cash Items:
Amortisation of Government Grants
Gain/(Loss) on Disposal of Fixed Asset Investments
Amounts Written Off/(Back to) Tangible Fixed Assets
Decrease/(Increase) in Trade and Other Debtors
Increase/(Decrease) in Trade and Other Creditors
Adjustments for Investing or Financing Activities:
Interest Receivable and Similar Income
Interest Payable|**2024**
**4,018**
527
-
-
18,800
-
5,558
13,769
-
9,751
-
110,437
100,686
-
**7,620**
5,023
-
-
10,822
802
-
3,041
-
5,558
-
-
**4,018**|**2023**
**14,372**
490
-
-
1,634
-
4,802|**2023**|
|---|---|---|---|
|||2,678||
|||17,050
93,387||
|||110,437||
|||**7,563**
5,023
-
-
10,872
295
-
6,057
4,802
-
-||
|||**14,372**||
The notes on pages 9 to 14 form an integral part of these financial statements
**7**
## **THE COOKE ALMSHOUSE CHARITY STATEMENT OF CHANGES IN RESERVES**
## **YEAR ENDED 31 DECEMBER 2024**
|**Balance at 1 January 2024**
As previously reported
Surplus from Statement of Comprehensive Income
Deficit in Year
**Balance at 31 December 2024**|**Income and**
**Expenditure**
**Designated**
**Revaluation**
**Reserve**
**Reserve**
**Reserve**
**Total**
208,980
9,781
20,000
238,761
7,620
-
-
7,620|
|---|---|
||216,600
9,781
20,000
246,381|
This income and expenditure account is an unrestricted fund which the trustees are free to use in accordance with charitable objects.
The designated reserves fund consists of Cyclical repairs and maintenance (£4,351), Extra ordinary repairs (£2,180) and Other reserve (£3,250) which can be used in accordance with the objects of the charity.
The revaluation reserve relates solely to Freehold Agricultural Land.
The notes on pages 9 to 14 form an integral part of these financial statements
**8**
## **THE COOKE ALMSHOUSE CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **1 Principle Accounting Policies**
The financial statements have been prepared in accordance with applicable Accounting Standards in the United Kingdom including Financial Reporting Standard 102 (FRS 102). They are based on the Statement of Recommended Practice for Registered Social Housing Providers 2014 and 2018 update and comply with The Accounting Direction for Private Registered Providers of Social Housing 2015.
The financial statements are prepared under the historical cost basis.
## **1a Turnover**
Turnover represents maintenance contributions receivable.
## **1b Housing Association Grant and Other Grants**
Housing association grant (HAG) is paid by the Housing Corporation to reduce the cost of development, together with grants from other bodies. Grants received are recognised in income on a systematic basis over the expected useful life of the asset to which they relate using the accrual model. HAG is repayable under certain circumstances, primarily following the sale of a property but will normally be restricted to net proceeds of sale.
## **1c Depreciation**
## **Housing properties:**
There is no record of the original cost of the properties and no value is attributed thereto. The housing properties cost relates to improvements carried out in 1999 and includes capitalised interest accrued during development. Housing properties are depreciated over their estimated lives of 50 years.
## **Land:**
Agricultural land is included at Trustees valuation and is not depreciated.
## **Other fixed assets:**
Depreciation is calculated so as to write off the cost of the fixed assets on a reducing balance basis over the expected useful economic lives of the assets concerned. The principal annual rate used for the purpose which is consistent with that of the previous years is:
Equipment
15% per annum
**9**
## **THE COOKE ALMSHOUSE CHARITY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **1d Cyclical repairs and maintenance**
The Cooke Almshouse Charity has established a regular programme of cyclical repairs and maintenance. Costs are charged to the Revenue Account in the year in which they are incurred.
## **1e Extraordinary repairs**
Costs of extraordinary repairs, unless representing improvement to the properties, are charged to the revenue account in the year in which they are incurred.
## **1f Cyclical repairs and maintenance reserve**
This reserve represents amounts set aside for cyclical maintenance to meet costs in excess of budgeted expenditure for any year.
## **1g Extraordinary repairs reserve**
This revenue reserve represents amounts set aside to carry out major repairs on housing properties.
## **1h Capital equipment reserve**
This reserve represents amounts set aside to replace major capital items.
## **1i Value Added Tax**
The Cooke Almshouse Charity is not registered for Value Added Tax. In these financial statements, where applicable, expenditure is shown inclusive of VAT.
## **2 Trustees**
The Trustees are:
Mr Bruce Lowis Chair Mr Tony Sockett Secretary Mrs Joan Simpson Mrs Brenda Topham Clr. Charlie Hogarth Mrs Jackie Dusi Mrs Kate Ford
## **3 Employees**
There were no employees at 31 December 2024 (2023, nil).
**10**
**THE COOKE ALMSHOUSE CHARITY**
**NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
## **4 Payments to committee members**
There were no payments to committee members during the year (2023, nil)
|**5**
**Interest receivable and similar income**
Bank interest
Income from listed investments
**6**
**Operating surplus**
**_Operating surplus is stated after charging:_**
Accountancy Fees
Depreciation of tangible fixed assets
**_And after crediting:_**
Government Grant Amortisation
Field rent, wayleaves and donations|**2024**
5,031
527
5,558
**2024**
2,940
10,822
5,023
777|**2023**
4,312
490|
|---|---|---|
|||4,802|
|||**2023**
2,760
10,872
5,023
827|
**7 Taxation and registration**
The Trust is a registered charity and is exempt from direct taxation The charity is registered under the following acts:
Charities Act 2011 Registration number 223340 Housing and Regeneration Act 2008 Registration number A4153
**11**
**8**
## **THE COOKE ALMSHOUSE CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
**9**
|**Fixed Assets**
At 1 January 2024
Additions/Disposal
At 31 December 2024
**Depreciation**
At 1 January 2024
Charge for the year
At 31 December 2024
**Net Book Value**
At 31 December 2024
At 31 December 2023
**Investments**|**Housing**
**Freehold**
**Properties**
443,710
-
443,710
212,919
8,874
221,793
221,917
230,791|**Non Housing**|**TOTAL**|
|---|---|---|---|
|||**Freehold**
**Agricultural**
**Land**
**Equipment**
20,000
31,865
-
18,800
20,000
50,665
-
19,727
-
1,948
-
21,675
20,000
28,990
20,000
12,138|**Total**
495,575
18,800|
||||514,375|
||||232,646
10,822|
||||243,468|
||||270,907|
||||262,929|
|||||
## **Listed Investments**
National Association of Almshouses Common Investment Fund
|**Cost**
At 1 January 2024
Additions in the year
At 31 December 2024
**Net Book Amounts**
At 31 December 2024
At 31 December 2023
**Market Value**
At 31 December 2024
At 31 December 2023|**Accumulation**
**Shares**
9,501
527|
|---|---|
||10,028|
||10,028|
||9,501|
||13,862|
||12,833|
**12**
## **THE COOKE ALMSHOUSE CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
|**10**
**Debtors**
Arrears of WMC
Prepayments
**11**
**Creditors: amounts falling due within one year**
Government grant
Accruals and creditors
**12**
**Creditors: amounts falling due after one year**
**Government Grant**
Deferred income
**13**
**Services**
Central control
Light and heat
Accountancy
Stationery and office supplies
Telephone
Travel expenses
Sundry expenses
**14**
**Management**
Management expenses
Insurance
Subscriptions|**2024**
1,971
-
654
1,317
-
**2024**
5,023
8,361
13,384
**2024**
120,539
120,539
**2024**
599
464
2,940
51
264
135
1,310
5,763
**2024**
2,407
1,449
988
4,844|**2023**
2,760
-
641|
|---|---|---|
|||2,119
-|
|||**2023**
5,023
11,402|
|||16,425|
|||**2023**
125,562|
|||125,562|
|||**2023**
599
631
2,760
50
432
211
260|
|||4,943|
|||**2023**
2,350
1,216
511|
|||4,077|
**13**
## **THE COOKE ALMSHOUSE CHARITY NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
|**15**
**Day to day repairs and maintenance**
**2024**
Repairs and renewals
2,325
Cyclical maintenance
1,402
3,727
**16**
**Capital commitments**
**2024**
Contracted less certified
Nil
Authorised not contracted
Nil
**17**
**Contingent Liability**
There were no contingent liabilities at 31 December 2024 (2023, nil)
**18**
**Average weekly maintenance contributions**
**2024**
Average for the year
82
**19**
**Payments to Creditors**
**2023**
Average number of days between receipt and payment of
purchase invoices
7
**20**
**Public Benefit Entity**|**2023**
6,039
1,474|
|---|---|
||7,513|
||**2023**
Nil
Nil|
||**2023**
82|
||**2023**
7|
|||
The charity is a public benefit entitity as defined in paragraph PBE 3.3A of FRS 102.
**14**