CHARITY REGISTRATION NUMBER: 224036 John Dakyn's Almshouse Charity Unaudited Financial Statements 31 July 2024 Chartered accountants Unit 1, Borough House Business Centre. 5 Borough Road. Richmond. North Yort(shire DL10 4SX John Dakyn's Almshouse Charity Financial Statements Year ended 31 Juty 2024 Page Trustees, annual report Independent examinerfs report to the Irustees Statement of financial activities Statement of financial position Notes to the financial statements The following pages do not forni part of the financlal statements Detailed slatement of financial activities 15&16 John Dakyn's Almshouse Charity Trustees. Annual Report Year ended 31 July 2024 The trustees p￿sent their report and the unaudited fman(>al statements of Ihe charity for the year ended 31 Juty2024. Roforon¢e •nd adminlstrative delall Registerod ¢harity name John Dakyn's Almshouse Charity Charity reglstrnlion n￿1b￿ 224036 Prfnclp•l offi¢• John Dakyn's AlmslKwe Chw mead￿ 1 la Ravens*Y)rth RichmorKI N(xih Ycthhire The trusteos Reverend A Gledhill MrG Tumbull Mrs C Milbank Mrs S Bateman Reverend A Kirby Mrs J A Ratdrffe Mr S Hafgfeaves Mr J Connors (Resigned 31 De(*mber 20231 (Appofftted 24 October 20231 Indepgndont examln•r R I Crisop FCA Unit 1. BOfrX￿h H¢xtse BusHw Centre. 5 Borough Road. RthmoTrJ. North Ycvkshtye DL10 4SX SlructUV•J g(Nernance and management Governing Document The charty is govemed by its trust deed Charitss Organisat The charity is run by the trustees. None of these is remunerated for th￿r services to the charity. Funds Available The present level of fijnding 15 *quate to support the ¢ontinualM)n of the o*'e¢ls of Ihe trust and the Injstees consbler its financial position satsfacw. Risk Managemenl The trustees actively review the major risks, the chanty faces on 8 regular basis and beh'eve that maintaining reserves at current levels. comts'ned wrth an annual rev￿ of CL￿trOl5 over key financial systems, will provide SLrffiuent resources in the event of adverse conditions. The trustees have also examined other Operal￿nal and business risks fxed by the charity and confimi thal have established systems lo mitigate the sBnificant risks. John Dakyn's Almshouse Charity Trustees. Annual Report Year ended 31 July 2024 Oblo¢lIV￿ •NI a¢tlvttles The tnjstees confimi that Ihey have referred to the guhlance contained in the Charity Commission's general guidance M public benefil vthen the ¢haritrls aims and objectives. Strategic Aims and Objectives The provision of housing accommodation for beneftiaries, such charitable purwses for the benefit of the residents as trustess d8()de and the relief of beneficial￿ who are in need. hardship or distress. T*￿e are continuing Achlevom•nts and yrforrnanco The charitable organI￿tiOft has conlinued lo provide seThices to the immediate community. These include the proVis￿A of housing a¢¢ommodation. Fln•nclal r•vl•w Results for the Year The results for the year are set out in the Statement of Fina￿la1 Acbvitss on page 5 wth the charity maknng a net surplus kfr)re other rec(snL8ed gains ayd k)sses of £15.31912023.'£21,0871. Reserve Policy 11 is a policy of the charity lo maintain Unfestr￿led funds at a level whth equates tr) at reast 5 months unrestricted expenditure. This provides sufficTrent funds lo cover mana9emenC administration and support Costs. Unrestricte(I fu￿lS are maintained at least at this ￿1 throughout period. Trustees Investment The Iruslees are empovRred to invest tre fuThJs of the trust subject to the trust deed and any relevant legislation. The trustees, annual report was a[¥￿ed on 8 Cktober 2024 wj sigrEd on behalf of the board of trustees by Mrs J A Ratcliffe Trustee John Dakyn's Almshouse Charity Independent Examlnerfs Report to the Tntstees of John Dakyn's Almshouso Charity Year ended 31 Juty 2024 I report to the Injstees on my examination of the financial statements of John Dakyn's Almshouse Charity lllhe charity) for the year ended 31 Juty 2024. Responslbilili•s and basis of r•port As the trustees of the chanty you are resp￿b* for the prepara￿n of the finanual statements in accordance vnlh the rewirements of the charit￿ kt 2011 (Ihe Acr). I report in resF*d of my examinakn'an of the chan.tys finwKial statements carr￿d out under sects'on 145 of the 2011 Act and in carryjng out my examinathx¢ I have folbAed all the applicable DirectA)ns gwen by the Chanty Ccffimisson under seclh)n 145(5)Ib) of the Act. Independenl examlnerfs Statement I have completed my exarninab"on. l ￿￿ffi￿ that no material matters have wme to my attenb'on in connection wrth the examinat.on gNing me Cause to believe that in any matetial resp*d". counting records were nol kept in respect of the chanty as required by section 130 of the Act., or the financial slatements do Mt accord those records." or the fina￿lar statements do not C4ynpty wilh the aPp1Kab￿ requirements concerning tho form and content of accounts set out in the Charrti85 (Accounts and Rep(Ktsl Regulations 2008 other than any reqUireM￿t that the accounts gr¥e a and fairf vwi which is not a matter considered as part of an independent e￿minatI￿. I have no concerns and have come across rKs other matters in ¢cffirecl￿ ￿ the examination to which attentltin $houhJ be drawn in this rerth1 in Lyder to enabbe a proper underslanding of the accounts to be rexhed. R I Crisop FCA Independent Examiner Unil 1. Borough House Business Centre, S Borough Road, Richmond. North Yorkshire DL10 4SX 8 October 2024 John Dakyn's Almshouse Charity ststement of Financial Activities Year ended 31 July 2024 2023 fvnds Total funds Total funds Incomg and endowm• Investment incorne 68,570 68,570 68.570 62,175 62.175 Totsl income 68.570 Exp•nditure Expenditure on chaiitable &#Mties Total oxpendlture 65,242 65,242 65.242 65.242 39,583 39,583 Net gainsl(losses) on investments 11.991 11.991 (1.507) Net Income and not mov•m•nt In fvnds 15,319 15.319 21,085 Re¢onclllatlon ol funds Total funds brought forward Total funds carrl•d forw•rd 1.955,837 1.955.837 1.934.752 1,971,156 1.971.156 1,955,837 The stalement of financial activities ￿cludeS all wns and IcBses recognised in the year. l income and expendrture derive from conts"nuing acts¥￿.eS. Th¢ nots8 on pages 6 trj 13 forn of th￿* fin•n¢i41 •t*tem•nts. John Dakyn's Almshouse Charity Statement of Financial Position 31 July 2024 2024 2023 Fixed assets Tangible ffixed assets Investments 11 12 1.759,417 145,122 1,￿4,539 1,759,417 132,581 1,891,998 CurTFnt av•ts Cash at bank and in hand 188,077 199,498 Croditorn: amounts falllng due wlthln one year Net Current a850ts 13 16.436 30,635 171.641 168,863 2,C60,861 Totsl assets less current liabililles 2,076,180 Creditor8: amounts falling du• aft•r m(w• th•n on• y•ar 14 105,024 105,024 1,971,156 1,955,837 Funds of tho charlty Unrestricted funds 1,971.156 1.955,837 Total charlty funds 15 1.971,156 1,955,837 These financial statwnents were apwoved by Ihe board of Irustees and autrrt)￿ for issug ¢)n 8 October 2024, and are swjned on Waff of the board by Mrs J A Ratdrffe Trustee John Dakyn's Almshouse Charity Notss to the Financial Ststements Year ended 31 July 2024 General Informati< The charty is a public benefft entity and a registered charity in England and Wales and is uninc(w*ed. The address of the pnncipal off￿e is John Dakyn's Almshouse Charity, Stable Coltage. Whashton. Richmond, DL117JL. Statement of compll•n These financral statements have been pryed in c¥JmplianGe 7Mth FRS 102. The Financial Reporting Stsndard applicable in the UK and Ihe Republic of Ireland.. the Stalement of Recommended Practice applicabfe to charrt>es preparing their accounts in accordance with the Finanual Reporting Standard a￿"Cable in the UK and Republic of Ireland IFRS 1021 (Chanties SORP (FRS 10211 and the Charths 2011. Accounting pollcle6 Basis ol preparalion The finanoal statemenis have been wepafed on hist￿￿ ¢X>St basis. as modified by the revaluation of certain fina￿la1 assets aThJ liats'lities and invesknent kYoFwbes measured al fair value through income or expenditure. The ftnancial statements are wepared in sterlry. whth the functr'on￿ currency ol the 8ntty. Golng concern The￿ are M matsn.al Un￿rtaInlieS at￿￿t the chanty5 a￿"Ity to continue. Disclo#ur• •x•mpkns {a} No cash flow statement has been presented for company. {b} Disclosures in respect of financial instruments have not been presented. Judgommts and key source8 of estimallon uncertalnty The preparation of the fina￿la1 slatements requires management to make judgements. estimates and assumpt*)ns that affe¢l the arrKJunts reFQrted. These ests"mates and judgements are continually reviewed and are based on experience and other factors, including expectai¥Ms of future events that are believed to be reasonable under circumstances. Fund accounting Unrestrrted fvnds are availabk for use at the d￿￿et￿ of the trusiees to furlher any of the harity's purposes. De￿nated funds we unrestricW fvnds eamiarked by the trustses for particular fubjre prqect commrtment Restn'cted fvnds are subjected lo restrictsons on their exFenditure de¢iared by the donor or through the temis of an apFeal. and fall into one of sutr>Js is m&3sured at the fair value of the wods Un￿ this is impractical to measure ￿1￿. in wlith case the value is derived from the ￿$t to the donor or the esbmated resale value. tkyMted f￿lIrtIeS and seNKe5 are reexunt5ed in the accounts when received rf the value can be rel￿￿ty measured. No amounts are included for the Contribut￿ of general ￿unteerS. income from contracts for the suppty of sen4ices i8 recognised wth the delivery of the contracted service. This is Classif￿d as UnreStr￿ted funds unless there ts a contr&tual requirement for it lo be Spent a partiwlar purpose and ￿turned rf unspent, in which case it may be regarded as restrthd. R8sour¢¢8 exp•nd•d Expenditure is rec(MJntsed on an accruals b￿.$ as a liatslity is ir#%rRd. ExpeThJiture includes any VAT which cannot be fulty recovered. and is Cks$i￿ under h￿￿ing$ of the Statement of financial activities to wh￿h il relates.. expenditure on faising funds indudes tre costs of all fvThJraising actwities, events. non- charitable trading activit*s. and the sale of th)nated gcods. eXpeThg1tu￿ on chariti*le xtsv1l￿ irKludes all costs I￿rred by a ch￿ty in urKlertaking tivit￿S that further rts chanta￿e aims for the benefit of its beneficiaries, including those support ¢osts and ￿sts relatsng to Ihe govemance of Ihe chanty aF00￿Oned lo charilable ivitEs. other expenditsjre indudes all expeThJrture that is neither related to ratsing funds for the charity nor part of its exwdthjre on charitabk athth"es. All costs a￿ allocated to exrenditure categories rel￿ the use of the resource. Direct costs attributsble lo a single activty are alkcated directy to thal aclrvty. Shared costs are app)rtioned befv￿n the activilies they c{￿trIbUte to on a reaSo￿th. justffth and c¥)nsistent basis. Tanglbh assots Tangible assets are In￿"al￿ recMled at ￿)$[ and subsequently stated at cost less any accumulated depreoat.on and Impalm￿nt k)sses. Any tangible assets camed at revalued amounts are recofded al the fair value at the date of reVaIu￿.0n less any subsequent accumulated deprecialh)n and subsequent accufflulated impa$￿ent losses. John Dakyn's Almshouse Charity Notes to the Flnanclal Statements le￿￿7￿•0) Year ended 31 Juty 2024 A¢cowrtlng polic1•• (continu•4 Tangible assets It¢￿￿n￿Odj An increase in the caryiro amount of an asset as a result of a revaluath)n, is recognised in other recognised gains and kjsses. unless it reverses a charge for impaimient that has previousty been recognised as exFenditure 4wthin the statement of financial activit￿$. A decrease in the carrying amount of an asset as a result of rewdluatKJn, recc*Jnised in olher recognised gains and losses, except to it offsets any prevw)us revalual¥M gain, in case the bss is shown within other reccgnised gains and kksses on the staterrent of financial thitses. Inv•stm•nts Unlisted equty investments are inthlty recorded at (x)st, and subsequenty measured at fair value. If fair value cannot te rdiaw measured. assets are measured at cost less impairment. LBted investrnents are measured at fair vdue *ilh changes in fair value b*'ng ￿Cognised in incom8 or expenditure. Invgstments in associates Investments in associates a¢¢ounled for in accordar￿a ￿[h the cost mTrJel are recorded at cost less any acwmulaled impaiment h>sses. Investments in assockgles xcounted for in xo)rdance wth the fair value model are inth.ally recorded at the transaction prre. At e￿h reporti'ng date. the investments are measured at fair value, with changes in fair Value taken through inc4)me or experbJi1u￿. Where rt is impracticab to measure fair Value reliabty *rythout undue cost or effort. Ihe o)st ffK*Jel be awed. Dividends and other distributions receprf&Y from the invesknent are Tecognised as incom8 Wthout regard lo ￿ether diStribU￿n5 are from acoJmuL*d proffts of the associaie arising before or after the date of acquisrfoon. Inve8tm•nts in joint v•nturns Investment5 in iointy controlled ent[l￿5 ￿nted for in accordance with ￿ cost model are recorded at cost less any accumulated impaim*nt losses. Inveslments in Jotnuy controlled entitts x¢wnted in acc(thnce with the fair value model are inrtially recc￿ded at the transactw price. At each retmyting dale, ihe investments are measured at fair value, changes in fair value taken thrc4Jgh Ir￿ne or expenditure. Where It is impracttsble to measure fair value reljaw wit1b￿l uThJue cost or effort, the cosl model will be adopted. Dividends and other dIStri￿tionS r￿ed from the inveslment are rwnised as income without regard lo whether the distn'bjtions are from ￿UMUL￿d wofits of Ihe joint venlure arising tefore or after the date of acquisitson. IMpalm￿nI of Ilx•d ass•ts A ￿VIeW for indicators of impairrrwt is ¢arrEd ¢Xrt at each reporting date. wth the recoverabbe amount being esb"mated where suc* indicath exist whe￿ the carrying value exceeds the recoverable amount, the asset is impaired accoTdingty. Prior Émpairments are also ￿vieWed for possible reversal at each rep)rtry date. John Dakyn's Almshouse Charity Notes to the Financial Statements {c￿￿￿￿j Year ended 31 July 2024 A¢￿￿n￿n9 policieb (cMUnu•O Impaimi•nt of fixod auots (CORth￿l For the purposes of impairment testing, it is not wssible to estmate the recoverable amount of an ￿nd￿￿￿al asseL an e5*"mate is made of the recoverable amount of the cash- generab.ng unit lo which the asset belor￿ The cashserETrts"ng unrt is the Smallest identffiable group of assets that ind￿￿e5 the asset aThJ generates cash inffi(y￿ that largety indep*ndent of the Cash inflows from other assets or groups of assets. For impaimient lesting of gocthill. the gootrM"Il Xquired in a business Combinat￿ is, from the acquisition date, allocated to of the cash-general"n9 units that are expected lo benefit from the synergses of the combinalKJn. irrespecbve of other assets or liabilities of the charity are assigned to Ihose unils. Financial instrum•nts A financial asset or a financ¢al lia￿'l1ty ts r8)Jgnised only when the charty becomes a paty to the contractual prOvi￿onS of the insirument Basic financial instruments are in￿ty reo)gntsed at the amount receNable or payable indudii¥J any related transxtion costs. Current assets and ￿rrent liabilitw a￿ subsequenty nkasured at the cash or other consideration expected trJ be paKI or ￿l¥e£l not discounted. t)ebt instruments a￿ subsequenty rn￿Sured at arnOrtis￿ c05l. Where in¥estmerrts in shares are publw tRded or their fair value can otsmse be measured reliably. the investmenl is subsequentty measured at fair value with changes in fair value reccgnised in income and expenditure. All other SLth irwestrnents are subsequently measured at cost less impirment. Other financial instruments, i￿luding derivatives. are inthlty recognised al fair value, unless payment for an asset is deferred teyond r￿al I￿SInesS temis or financed at a r*e of interest that is nol a market rate. in whth case the asset is measured at the present value of the future payments discounted at a market rate of irrtere5t a &milar debt K*strument. Other financial instruments are subsequenty measured at fair value. any changes reCogn￿d in the statement of fN￿nclal &tivibes, ￿1th the excepiKin of hedgirvj instruments in a des￿na￿tt hedging relat￿￿1p. Financial assets that are ff￿5￿red at COSI OT amth.sed ¢ost a￿ reviewed for objectNe evidence of impairment al the end of each ￿port1Th9 date. If there is objeclive evidence of impairment, an impairment loss is recognBed under the appropr* heading in the 5taternent of financial tNities in which the initial gain Wds recognised. For all equty instnjments regardless of ygnificance. and other financial assets that are individually ￿gnifICant, these are assessed indtwdualty for impairment. Other financ￿ asset$ are either assessed indNidualty ￿ grouped on the basis of similar credit frsk characteristics. Any reversals of impairn8nt are reccrfjnised immed•, to the extent that the feversal does not in a can￿n9 amount of the finanual asset that exceeds what the carrying amunt would have been had the impairment not pyeviousty been rec(¥Jn*d. John Dakyn's Almshouse Charity Notss to the Financial Statements (¢onthu•dJ Year ended 31 July 2024 Investment Incom¢ unrestrItt￿ Total Funds Unrestricted Total Funds Funds 2024 Fun¢Js 2023 Rents and wayleaves Dividends 8ank xcounl interest 59,922 3,410 5.238 59.922 3.410 5.238 55.970 3,273 2.932 SS,970 3.273 2,932 68.570 68.570 62.175 62,175 Exp•ndlture on charltable actlvlU•8 ty fvnd type Unrestricted Total Funds Unrestrthd Total Funds Funds 2024 Funds 2023 Charitable &tivty Support costs 8,102 57.140 65.242 8,102 57,140 65.242 11,752 27.831 39,583 11,752 27.831 39,583 Exwndlturn on ¢harttable a¢llvltlM by activity ty undertaken directy Support costs Total funds 2024 Total fvnd 2023 Charitable activity Govemance costs 8.102 8,102 57.140 11.752 27,831 57.140 8.102 57,140 65.242 39,583 N•t galn*lllo8s•s) on Inv•stmM unrestric￿ Total Funds un￿$trthd Total Funds Funds 2024 Funds 2023 Gainsllk)ssesl on listed investsnents 11.991 11.991 (1,507> 11.5071 Independ•nt examinatlon fees 2024 2023 Fee$ payable to the independent examiner for. Independent examination of tr* financral statements 630 Staff c0618 The avtyyage t*ad count of empbyees during the year T￿$ Nil (2023. Nlll. No employee received empknyee benefits of more than £60.OIXI during the year (2023: Nil>. 10 John Dakyn's Almshouse Charity Notes to the Financial Statements (ri¥tsiu•dJ Year ended 31 July 2024 10. Trustee r•mun•railon and expe￿•$ No remuneration or olher beneffts frwn eMpb)Ym￿t the charity cff a ￿Lated entity were received by the ¢hanty 11. Tanglbl• flxod 48sets Frmhold property Cost Al 1 August 2023 and 31 Juty 2024 Depreciation Al 1 Augu8t 2023 and 31 Juty 2024 Carrying amount At 31 July 2024 At 31 Juty 2023 1,759.417 1,759,417 1,759.417 12. Inv•stments Llsted Investments Cost or valuation At 1 August 2023 Additions Other movements 132.581 550 11,991 145,122 At 31 Juty 2024 Impaimittnt At l August 2023 and 31 Juty 2024 Carrying amunt At 31 Juty 2024 At 31 July 2023 145,122 132.581 l investrnents sh(Mn above are at valuatM)n. Flnanclal assets held at falr value The land and property comwtsing the invelment pro￿rtieS vRre valued at £1,753,ODO on the 19th December 2016 by Mr Dav￿ cC￿r Bsc (Honsl MRICS of GSC Grays on an open market value basis. 11 John Dakyn's Almshouse Charty Notes to tho Financial Ststements (r Year ended 31 July 2024 13. Cf•dit(n: aThM>unts fallin9 due wlthln ono year 2024 2023 8ank loans and overdr Accruals and deferred tncom8 Qlher credrtors 650 530 15,356 16,436 2,592 500 27,543 30,635 14. Cr•dltorn: amounts faNlng due after more than one yw 2024 2023 Bank loans and overdrats 105,024 105,024 15. Anatysls of chartlabl• funds Unrestrfcted fvnds 1 August 21r2 Gains and At losse$ 31 July 2024 Inccrfre Expendrture Genera fijnds Unresth¢Xed fund 796.177 1.159.660 1.955.837 68.570 (65.242) 11.991 811,496 1,159,660 1,971.156 68.570 165,242) 11.991 At 1 August 202 Gain5 and At $5es 31 July 2023 General funds Unrestricted fund 7 775.092 1.159.660 62.175 {39.583) 11.507} 796,177 1,159,660 1.934.752 62.175 {39,5831 (1,507) 1,955,837 12 John Dakyn's Almshouse Charity Notes to the Financial Statements letythu•dJ Year ended 31 July 2024 16. Anatysi8 of net assots b•tvrt•n funds Unrestrthd Total Funds Funds 2024 Intangible assets Tangible fixed assets Current assets Credrtors less than 1 year Creditors grealer than 1 year N•t a88•ts 145.122 145,122 1,759.417 1,759,417 188.077 188,077 116.436) I16,4￿) 1105.024) (105,0241 1.971,156 1,971.156 Unrestricted Total Funds Funds 2023 Intangible assets Tangible fixed assets Current assets Creditors less than 1 year Credit(Jrs greater than 1 year Net assets 132,581 132,581 1,759,417 1.759,417 199,498 199.498 130,635) (3D,6351 (105.024) {105,0241 1.955.837 1.955,837 13 John Dakyn's Almshouse Charity Management Inforniation Year ended 31 July 2024 The lollowing pages do not fomi part of the flnanclal statemonts. 14 John Oakyn's Almshouse Charlty Income arKI expenditurè account for the year ended 31 July 2024 2024 2023 General Revenue kcount Inc¢*ne Rent and wayleaves Dividends Bank account interest 45,760 3.410 5.238 3.273 2,932 Totsl gross income 54.408 46,214 Less= Insurance Repairs and renewals 775 21.699 737 5.094 -22.474 -5.831 Administratlon Accountancy Clerk's/wardens expenses Legal fee5 Posta8e, stationery and advertising Subscriptions and licence Telephone Training 635 3.3CK) 2,458 3,3LJ) 765 95 196 124 343 535 210 -7.629 -5,128 Balance being excess of income over experbditure for the year 24,305 35,255 Transferred as follows.. John Dakyn's Educational Charity Charity account 8.102 16,203 11.752 23,503 24,305 35,255 John Dakyn's Almshouse Charlty Income ar￿ expEndlture account for the year ended 31 July 2024 2024 2023 ChaTIty account Share of net income for the year Rents 16.203 14.162 23.503 15.961 30.365 39.464 Less: Almshwses Elettrrcity Gas Insurance Rates and watef Repairs and renewals Sundry expenses 920 4.391 4.026 2.236 15,104 360 143 3,255 3.828 1.948 7.675 23 -27.037 -16.872 3.328 22,592 16