John Hoine Homos R*port und Flrtun¢lul Sltstèmènls F¢r the year ended 31 December 2024 ChoFIty numbei: 223912 Fortus LlmSted Bv$ln•ss Advlsors and Accovntanls 5 & 6 Monoi Court ManorGarth Sctsrborough North Yorkshlre YOI 1 3TV
John Home Hom•s C¢nlents Page Reference ond odministrothve Inlomolbn Trv51ee5' report Independent Exominer's report Slotemenl ol linonciol octivitie5 Balance sheet 9- 11 No161 to the linoncial slolemenls
John Home Home5 Referen¢• ond admlnl$lralSve Inloimallon Trv$tees.' Mis. Joy Scales Mr Richord Scobs Mrs. Elizobelh Sleightholme Mrs. Jean 8ale5 Mrs. Ann Turner Prlnclpal Olllc•rs: Chairman.. Mr Rard Scoles Cletk lo Ihe Trusteès: Mr Nichol05 Tubbs Treasurei.. Mr Richard Scoles ChuTlly R•gS$trallon Nvmbei: 223912 Addie55'. Londesborough Road Scotborough North Yorkshire Y0125AQ Accounlat)ts'. Fortus Limlled Business Advisors and Accountants 5 & 6 Manorcourt Manor Garth Scorborough North Yoikshire YOII 3TU Bunkers: Lloyds Bonk I Sl Nichola5 Street Scorborough North Yorkshire Yoll 2YY Sollcllors: Tubbs & Co 106 Victorio Rood Scorborough North Yorkshire YOII ISL Pa9e I
John Horne Hom•5 TIv5tees' r•port lor the y•tsr ended 31 Decemb•r 2024 The Iruslees are ploa5ed lo pre5er)I their report logelherwilh lh& finar)cial slolemenls lorthe year ended 31 December 2024. Reference and adminislrolive inlomolion as sel tsul on poge I loms port ol this roport. The finoncial slotemenls hove been prepared in uccordonce wilh Ihe occounling policies $91 out in note I lo the accounts ond comply with th8 Charity's Trust deed. the Chorities Act 2011 ond Accounting and Reporting by Chorilies.. Stotemenl ol Recommonded Pro¢tice applicoble lo chorities prepoiing their occounls in occordance with the Financiol Reporting Stondard applicable in the United Kingdon and reputJi¢ of Ireland (FRS 1021 l&lleclive l Jonuary ?0191. Slrvclur•. goveman¢e and mortggemont Conilitulion.. John Horne Homes i% an unincorporoled trust which is registered with the Charity Commi%sion, ctrKsrily number 223912. The chorily was formed by Deed ol Tru51 dated 19 June 1909 ond a scheme ol th& Charity Commission of 10 November 1976. The charity does nol ocliyely lundrai5e and s8ek5 to continue ils work through the carelLA stewardship of ils exisling resources. Organisation: The lond comprises approximately 9(K) square yaids. hovlng a Ironloge lo Londesborough Road, Scoiborough. The John Horne Homes bulding comprises 018 flats. The Iruslees shan opply th8 income of the chorily lor the benefit ol Ihe re5idenls ol the chorily in such o manner os the Iruslees think lil from lime lo lime, allei hoving poid the cost ol repairs, insurance all other chorges and ovlgoings poyable in respect ol the property ol the chorily and al other proper ¢051s incidental lo Ihg odminislrotion and monagement ol the Chorily. Investment powei5'. These ore govemed by the Trvslees Investment Act 1961. The invègtmenl in the Exlraordinory Repoir Fund is specifically lorlhe purposes ol the extroordinary repairs lo, improvements lo or rebuilding ol the flats. Investment in the Extroordinary Repair Fund £240 per onnum, or such greater Sum 05 moy be agreed by the Irvstees. Trustees.. The body of Iruslees shall con51sI. when complete, 017 Compelenl persons being ¢o-oplalive ITV51ees. The co-oplolive Iruslee5 shall b@ persons who Ihrough residence. occupolion, or employment. or otherwise, have ts special knowledge ol Ihe area ol benelil. The appointment is lor o &year lem) by a resolution ol lh6 trustees p0$5ed al o special meeting. Related party.. Th8 charity is o memb&r ol the Nolionol Assoclalion ol Almshouses. Risk monagemenl.. The Iruslees have assessed the mojor risks lo whnh the charity is exposed, whleh are health ond safely, which 15 considered regulorly ol Iruslge5' meeting5 and oppiopriale risk assessments undertoken.. linoncial security lor the chorily ond residenls. which the Iruslees feel is manogod through o low-ri%k inveslmenl policy and through intemal control,. and linolly, there is a risk ol property domage lor which the trustee5 believe there 15 adequate insurance cover and the condillon of the property i% règularly reviewed. Pago 2
John Harn• Homes rruslees, report {conllnu•d) lor the yettr èndod 31 December 2024 Oblecllves ond acllvllle5 The object ol thè ¢harily is lo house persons ol limited means resident In the borough of Scort)orough, with o pielerence lor perso who were born in the 50id borough. In planning our octivilies. we have kept in mind the Charity Commission's guidance on pUbC benefit. The policy is lo continue lo provide comfortable occommodalion lor qualifying persons, with conslanl review ol mointenonce and upgrading ol the property. Achlevemerth ond perfoimance There have been no molerial changes in the policies adopted lo achievè Ihe charity'5 objeclivos. which themselves remain unchowed. The btling ol the Ilals remoined ol a high tevel with few vocanl periods. Flnanclol r•vlew The results ol the yeorore as expected given thol the charity is feliant on contribulions from iesldenls and income from inveslmenls. The Irvslees consider that Ihey ore all continuing to lulnl o need in the houslng market and residenls, contributions wi15 ¢onlinue lo be received ot o similar level lo those shown in the financiol slalèmenls. The trvsl¢es strive lo achieve o high stondard ol accommodolion and believe Ihot theywill continue to hove resouice5 lo do so in the lore5eealJe fulure. Trvstee5' responslblllllos In relatlon to the Ilnanctal slotements The charily trustees a responsible lor preporing a Iruslees, onnvol reporl and linanciol stolemenls in oc¢ordance with applicoble low ond UK Accounting Slondards (UK Generolly Accepted Accounting Practice.) The low opplicable lo chontios Sn Englond and Woles requires the charity Itvslees lo prepare finoncld slolements èach year which give o Irve and lair iiew ol thè glale ol offair5 of the chtsrily and ol the incoming resources ond opplicalion ol resourc¢s. of the charity lor Ihot p&riod. In prepoiing the financial slalements, the Iruslees are required lo.. select suiloble accoting policies ond then apply them consislenlly observe the Melhods and principles in the applicoble Chorilies SORP make judgements ond eslimale5 Ihol ore reasonable and prudent Slate whether applicoble accounting standards hove been followed, svbjecl lo any moteriol deportures di5c105ed and explained in the linoncEal slalemenls Prepare the linanciol ilolemen15 on the going concern bas15 unle5$ 11 Is oppropriale to presume Ihol Ihe charity will continue in busine55. The Iru51ee5 0 re5ponslble for keeping proper r¢¢ords that disclose wth reosonoble accurocy ol ony lime Ihe linoncial p0511ior) ol the chorfly ond lo enoble Ih&m lo ensure that the finonciol slalemen15 comply with thg Chorilies Acl 2011, the opplicable Charilies (Accovnls and Report51 R&gulolions. and Ihe provisions ol the Tiusl deed. They are also iesponsible lor saleguoiding the Ossels ol the chorilyond toking reosonoble steps lor the prevention ond detection ol Irovd and other irregularities. The trvslees are responsible lor the maintenance ond integrity ol the chority ond financial inlomolion included on the chaiily's website. Legi510lion in the Uniled Kingdom goveming the preparatn and dissemination of linanciol slolemenls may differ from legislation in olhei jurisdictio. Puge 3
John Hovnè Homes Trusl••$' report (conllnu•d) for th• year ended 31 Docèmber 2024 Reserves policy.. As thè moin asset ol the charity is the land und building5, transfers tsrè mode annually lo Ihe Exlrooidinary Repair Fund whrh is designed lo covei lorge-scaled repairs, improvements or the iebuilding ol Ihe Nots. The Iivstees ore always mindlvl thol there are ongoing mainlenonco c0515 lo which funds n&$d to be readily ovailable ond, therefore, consider the General fund r6S8rves juslilied. This position is ieviewed by the Iiustees regularly lo ensure there will be funds avoiloble lo operate the 11015 elficienlly, given Ihot it is periodically necessory lo use some ol these funds to finance the type Iwork they are designèd lo cover. This report W05 approved by Ihe tru5tee5 on by.. ond signed on their beholf Mr Nlcholas Tvbbs Cleik lo es Poge 4
John Horn• Homes Independent ExamlneT'S reporl lo Ihe Irv$l••s ol John H¢)me Homes I report on Ihe accounts ol John Home Homo5 for the year ended 31 December 2024 whtch are sel out onpages5to 11. Respectfve ièsponslblllllw ol Irvslees ond exumlner The chorily's Iruslees ore ie5poniible lor Ihe preparation ol the accounls. The charily's Irvslees consid8r thot on ovdil is not required lor this year under 5eclK)n 144121 ol the Charitie5 Act 2011 Ilhe 2011 Acll, and that an independgnt exominolion is needed. 11 is my responsibility lo.. EKomine lh& oc¢ounls under seclior) 145 01 the 2011 Act To follow the procedures loid down in the genera1 direction5 given by the Charity commisOn under section 145151 Ibl ol the 2011 Act: ond 3. To slate whether particular mallers have come lo my allenlion Bo$ls d Independenl examlner's report My examination wo5 conducted in accordance with the geneiol directions given by the Chority Commission. An examination includes o r6vlew ol the accovnling records kept by the chorily and a compori50n ol the o¢¢ounts presented with those recoid5. It also includes considerotion ol any unusual items or disclosures in Ihe accounti ond seekiro explanations from the trv51ees conceming such matter5. The procgdures undertaken do not provide oll the evidence that would be required in on tsudil and consequently r)0 opinion 15 given as lo whether the accounts presenl a "Irue and lair" view, and the report Is limiled lo Ih05e mallers sel out in the slolemenl below. IndÈpèndÈnl examlner's slatemenl During my exominolion, no moller has come lo my attenlion.. Which glvos me reosonoble cause lo beev& thol in ony material respect the rgqviremenls lo keep proper occounting records in accordance with section 130 01 the Charilies Acl 2011-, arKI lo prepare accounts which occord with the accounting records and comply wilh Ihe accounting ieqviiemenls ol the 2011 Act have not been mel.. or 2. to which. Sn my cpinion, attentn should be dr(wn in (der lo enable a proper underslondlng ol the accoun15 to be reoched. Mr Robert D Thorpe FCCA 5 & 6 Manorcourt Monor Gurth Scaiborough N¢rlh Yoikshli• YOI 13TU Dale I Poge 5
John Hoin• Home5 stal•menl of flnunclal acllYllle$ For the yeor ended 31 Dec•mbèi 2024 Tolal lunds 2024 Tolal lunds 2023 Deslg noled Notes G•nerol INCOME Income fiom chorltable acllvlle$ Residenls, conlribvlions 26,168 26,168 25,755 Volvnlary Income Donolions 350 Investmenl Income Dividends Interest received 13 13 26,299 26.299 26,223 EXPENDITURE Expendllvre on charllable acllvllles Eleclricily and gos Repairs and Nuinlenonce Garden rminlenance I n5urance Printing, postage and slalionery Sub5criplions Sundry expenses 525 17,01 1,640 1,237 525 17,063 361 3,737 1,560 1,021 1.237 921 50 511 50 21,447 21.447 7,240 Governance costs Accounloncy lee 1.608 1.608 1.464 Tolol expendllure 23,055 23.055 8,704 Nel Income 32441 3,244 17.519 Pog• 6
John Hoine Homes Slgtemenl ol Ilnonclal acllvllle5 For the year ended 31 De¢•mbor 2024 Totol funds 2024 Tolol funds 2023 Deslg noled Notes Generol Nel Income Transler between Iwd5 3.244 -520 2,724 7,(Y)6 9,730 3,244 17.519 520 520 3.244 7,W6 10.250 17,519 15,314 32,833 Goins on investment asse15 Nèt movemenl In lunds 520 Reconclllollon of Ivnds Tolol funds brought forward 279,246 6,636 285,882 253,049 Tolal fund5 corrl•d fomard 288,976 7.156 296,132 285.882 Page Y
John Horno Homes Balance $heel as ot 31 December 2024 21Y24 2023 Notes Flxed us¥ets Tonglble 055e15 Investments 55,672 55,672 140.113 195.785 202791 Currentass•ts Cosh al bank 95,328 91,899 Cvrrenl IlablllM•$ Accruols -1.987 -1.802 Nol cvrrènt assets 93,341 90,097 Net ass•ts 296,132 285,882 Th• lund5 Qfthe Charlty Deslgnoled unre51ricled funds Geri6rol unreslricled funds 7,156 288,976 6,636 279.246 Total chorlty fvnds 296,732 285,8B2 The financial stotemenls were approved by Ihe Iruslees on beholl by.. and sioned on ils Truste ÉI- QK.Q Truste• Page 8
John Hoine Homes Noles to the Ilnanclal 51olem•nts For Ihe yeor ended 31 December 2024 Accovnllng pollcle5 Basls of pieporollon ond ouossmenl ol goln9 concem The financial slalemenls have beon prepored under the hi51oricol cost convention with items recognisgd ol cost or transaction value unle5S Othorwise slated in the relevant notes lo Ihese occounls. The financial slalemenls have been prepared in accordoncè wilh Ihe Chaiilies SORP IFRS 1021 "Accounling and Reporting by Chorilies.. Slalemenl ol Recommend&d Proclice applicable lo choritie5 prtrpoiing Iheir accoun15 in accordancè wilh the Financial Reporting stondard app1icatle in the UK and Republlc of Irelond" and the Charities Act 2011. Th6 Irusl conslilules a public benelil enlity og defined by FRS 102. The Iruslees consider that there are no moleiiol vncertainlie5 about the Twst's obilily lo conlinue 05 a going concern. Income recognlllon All income is recognised once Ihe charity hos enlillemenl lo the income, there ts sulfieienl certainly ol receipl and io il is probable that the income will be received, and the omounl ol income receivable can be me05ur8d roliobly. Donations are recognised wh&n Ihay hove been commurmcoled in wriling wilh nolificalion ol both omounl ond selllemenl dale. In the event Ihol a donation is subject to conditions thol require a level ol performonce b$lore the charity is enlilled lo the fvnds. the income is defewed ond not recognised until either those cor)ditions ore hjlly mel, or the lulfitrnenl of these conditions is wholly within the control ol Ihe charity. and il probable thol Ihe condlions will be fulfilled in Ihe reporting period. Interest on funds held on deposit 15 included upon nolificalion ol the ir)teresl paSd or payable by the bonk. Dimdends ore recognised once the dividend has been declared and notificolion hos been received ol the diwdend due. Hov$lng propertles and deprèclallon Tho housing properties ore shown ot cost. plus improvemen15 carried ovt slnce, whh were funded by a Social Houslng Grant. a mortgage loon from the Housing Corporation secured by a chorge on housing, land and buildings, and from John Horne Homes own resources. As the properties ore mainloined in a slate ol repoii svch Ihol their eslimaled residual volve Is rK)I less thon their Wnprovemenl cost or ¢orrySng amount, the annual charge for deprecialion would be Inveslmenl$ Fixed 055et irivestmenls ore initially recognised ol Ihelr Ironsaclion value and 5ub5eqvenlly measured al their matket volve ol Ihe balance Sheet dote vsing tha closing quoted market prico. The slalemenl ol financial oclivilies in¢ludes the nel gains and losses orising or revdualion ond disposals throughout th8 y@or. Reslrlcled und unresfrkled funds Where applicoble, the occounts dislingui5h between reslricl$d ond unresliicled fund5. Reslrictod funds ore Ihose whrh are subject lo reslriclion on the purpose lorwhich they moy be Used. Unrestricted funds ore those where there ore no externolly imposed reslriclions. Currently there ole no r6$1ricled funds. Poge g
John H¢)mè Home5 Nol•s to the Ilnonclal 51alem•nts For the year ended 31 Dec•mbw 2024 Soclal houslng gront Social Housing Grant ISHGI is poid by the Housing Corporotion to reduce the cost ol developmenl ond 15 therefore shown as a deduclion fvom the cost ol the htsvsing propertie5 on the bolonce sheet SHG is repayoble undei certain circumslances. primarily Idlowing the sale ol o property, bul will normally bo reslricled lo nel pioceeds o1501e. Investment Income 2024 2023 Dividends Inteiesl received 13 132 Employees During the year the overage monlhty number ol odmini%lralion employees (including the cleTk lo the Iruslee51 15 112024- 11. There were 5 IrLJslees during the year and the clerk lo the tru51ee5. There was remunerotion ol £50 paid lo thè Iiuslee Mr R Scales during the yeor 12023 £501. Tonglble flxed assets- hov$lng propertles 2024 2023 C051 As ot l January 2024 105,077 105.077 As 0131 December 2024 105,077 105.077 Less 8oclal hcv$lng grant As ot l January 2024 -49.405 -49.405 As at 31 December 2024 -49,405 -49.405 Nèl book volues as 0131 December 55.672 55,672 Pog 10
John Horne Homès Notès to Ihe Ilnanclal stalemenls For the year ended 31 Docomber 2024 Flx•d o$$el Inveslments Movement In flxed a$s*l Investments Morkel volue brought forward at l Jonuory 2024 Add nel goln on revaluation 140,113 7,000 147.119 I24,1 15,312 140.113 Deduct net loss on revoluation Morket value as al 31 Decembew 2024 147,119 140,113 2024 Investment al moTket value Comprlsed.. Unil trusts l OEICS 147.119 140,113 Holdings in common investment funds. unil trusts and open-ended investment componies ore al bid price. Assgt soles and purch05es oro recognised al the dote ol trade al costl that IS their Ironsaclion value). Crèdllars 2IY24 2023 Amounts falllng due wllhln one yeor Trade credilor5 1,987 Deslgnuled Unrèstrkled lunds 2024 Extraordlnary repulr fund As al l Januory 2024 Transfers from generol vnreslricled lund5 6,636 520 As o1310ecembor 2024 7.156 Extioordlnury r•pulr lund The exlrooidinory repair fund is lo provid¢ loi polenlial future expendilvre on exceplior)al items ol repair or renewol. An omounl determined by the Iruslees (currently £520 per onnvml is Iransleffed from general unrestricted funds. Pagell