Charity registration number.. 225852 John and Eliza Jelley Homes for Old People Annwl Report aThl Financial Statements forthe Year Ended 31 Dx¢rnber 2024 RWB CA Limited Northgote Hous¢ North Gatc New Ba5ford Nottingham NG7 7BQ
John aDd EIiTa Jelley Homes for Old People Contents (e(JntAoued) Trustees, Report 2to3 Statement of Tn. Re5w>nsabilities Independent Examinerf5 Reprt Statement of Financial Aaiviti¢s 6t07 Ba]ance Sheet Notes to the FinaDGial Statements 9t020
JohD and Eliu Jelley Homes for Old People Reference and Admittistrative Detaib C N Cullen G Fisher J F Fisher J Healey J Olpin C J PoThtll Charity Registr%tiOD Number 225852 PriDeip*I OffJ¢¢ POBOX 11228 Nottin8haTD NG14 6YY IDdepeDdeDt Examiner KWB CA Lirnity NoTthgate House North Gatc New Basford Nottingharn NG7 7BQ
JohD and EIiTa Jelley Homeg for Old People Trustees, Report Th¢ ttvste¢5 PT¢5¢nt the annual reF¥)rt tO8eth¢r with the fillclaI ststements of the Charity for the yw ¢nded 31 D¢¢emb¢r 2024. Objectives and Activilies Objects undainf Th¢ principal a¢tiYity of th¢ Ch¥ity is the provision of a]rnS1U$¢s for old people s%tho are incapable by age or infinnity of earning th¢Rr oTrvn liitig and have led respectable. Vi$, sober and upright lives. So far as prdcticable preference SI11 be giv¢n to those who are natives of. or I¢ lived many years in or near. the City of NottitL8bam. Public bentfv During the year undef review 26 properties, comprising 20 flats and 6 hous¢& were rn8de available for Sidents. These showed an occupancy level of 92% during the year, with Trustees using the void periods to upgrade the pmperties ready for new residents. The trust¢¢5 wnfinn that th¢y hav¢ complied with the reqUIrnets of section 17 of the Charities Act 2011 ts have due rewd ty thc publiG nefit guidance published by the Charity Commission for England and Wa]es. FiD4Dcial review R¢sidents Contributions reAuced by £6.210 to £114.782 and investment inc(xne incrca5ryJ by £692 ts £13,642. Tothi in¢om¢ reduced by £5,718 to £128.425. Totsl cxprndItu amounted to £160,991 representing an in¢re¥e in expenditure of £62.430 when ¢ompar¢d to 2023. A totsl of £81.502 was in¢urTed on cyclical and extraordinary property repair5 5umrnarised on page 13. General property expenditure amow)ted to £76.453 and management and administration £3,036. This has resulted in a defi¢it of incorne over expenditure of £32,566 for tbe year. At the Ba]ance Sheet date iDve51ments at market value totalled £303217 and thcrc was an unrealised gain in their V¢ of £9,048 and pmfit on withdrawdl of funds of £3.969. This h&5 Te5ulted in a totaj reduction of £19,549 whieh when added to funds brought forward from the previous year. lcaves £1,173,036 to cary forward 10 2025. lll¢lud¢d in this figujt is th¢ property va]uation of £800.000. The T¢¢$ wtssid¢r that the financial sItiOn of the Charity on 31 December 2024 to b¢ lStOry and CODfirm that they have adequ Sets available to meet their obli8atÈon5. Policy on rns¢r It is the policy of the Charity to maintsin unrestricted funds wbicb provide sufficieot fund5 to cover management, thiDi5tration and support C05ts including mainteDance and llKMlerni5atiOn costs. £363.510 w&s held in unrestricted funds at 3 1 December 2024 {2023.. £305.6291. The Charitys almslM)uses are recognised within th¢ A¢nts at their valuation of £800,000. Reflecting the fact the ahnshou5¢5 are fvndarnentsl to the charity's op¢rations the Trustees esthblished a desigttatrd the PropeTty Re?lUatIon FulliL matrh the value of the property currently shown withhll the Balance Sheei. Inve5bneTrlpoliq &biecriveJ The Trustses invest any monies not required for the immediate puwe of the Cknrity aDd not ott deposit at th¢ Charity's banker5 in Securities ID which Trust tty)ney may by Ixw be inveded P8g¢ 2
Jobn and Elru Jeuey Hom&¥ for Old People Trvstx¥' Report (eontitiued) Structure governaDce alld N4thre ofgovernin8 dtKUThnI The Trust is a re8i5tered charity which formed under the Will of th¢ ]ate Aldejrn John Jelley di on 17 April 1914. Und¢r his Will he dirccted that hi5 F¢cUlo and TnJstees should build and maintain almshouses in the City of NottinghaTJJ. Land was ¢ver¢ty8lly puba5¢d OD D¢Y Ro4 Lenton. Nottingham and the almshouses wcrc built. tw¢lv¢ in 1924 and four in 1926. Recrultment tind t>lfrnswJ Tru$te¢s have the p)wer to appoint new tn£¢5 ID pla¢e of those dyiD& retsrig or beming incapable to a¢t. New tNst¢e$ are r¢¢Tuiie(t on ¢0Mmendatio for their experiencq unpttthy. and kt)owledge of the Charity and io maintain the skills and ¢omposition of the tlet Wy. Ind#erfon 4ndtroinin8 oflnuleeJ The induction of new trusiees is ¢aryied out by llaD$ of a detailcd bricfing at & ffijll Meing of the Truste¢5. OrytznutTlitsnalslrudure At theit biannua] meetings the Tru5tee5 agree the bn)ad strate8y and ar of activity forthe chlty, induding consideration of the occupanry level& propeny and maintenance issues and a detsiled rtview of the finamcia] position of the Charity. Thc day to day Jministration of the prnperti¢5 and the welfare of the SIdents is delegated to the Scheme manager and the clerk of the Tntstees. The annual report Wd5 approved by the knjstees of the Charity on 5 Marth 2025 and Sig on its behalf by.. C N Cullen Trnstee Pa8e 3
John and Eltza Jelley Homes for Old People Statement of Trnstees, Responsibilities The trustees are responsible for pwaring the tru5tee5' rcrort and the financial ststements in ac¢ordan¢e with the United Kingdom Accounlin8 Stsndards (Uniied KiD8dom Generally A¢¢¢pted Accountin8 Practice) and applicable law and regulatiODS. The law applicable to chltieS qUIreS the trthe5 to prepare fin8n¢iai ststements for earh fJnan¢ia] year which Bive & true and fair view of the sthfe of affairs of the Cb8tity and of the incoming resour5 4nd application of r¢source5 of the CbaTity forthat period. In prepating these fiDaDcial 5tllents. the trustees are required to: select suitsbl¢ ¥¢ounting EM)licies and thcn appty them CODSi5tently" observe the rnethods and principles in the Charities SOPTr. make judgements and estimates that are reasonable and prude stst¢ whdhcr fjppli¢4bl¢ accountin8 Standard5 have b¢en followe4 subject to material d¢partutes disc105ed ar explaitied in the fJnan¢ial statements: aDd prepare th¢ fmancial 5tstements on the goitig wncern basis uD)ess it is inapprnpriate to ptesume that the Charity will continue in business. The tNstee5 are tesponsible for keeping proper wiuntiD8 Tecord5 that disclose with Te4son3ble accwacy at any tim¢ th¢ finan¢1 tM)$ition of the Charity and enable them to ensure that the fJnan¢iai ststements comply with th¢ Charitie5 Act 2011, the Charities (Accounts and Reports) Regulations 2008. and th¢ provisi4)ns of the constititsn. The ISteeS are also reSpoSible for safeguarding thc assets of the Charity and I1(¢ for tskin8 Yenable steps for the prevenlioD and ddertion of fraud and Ot1 irre8ularities. The trjstees are resFK)nsible for the maintenan¢¢ and intem of the cor¢ and financial inftirnhatioll in¢luded on the eharitsble companY5 website. LegiSl10n governin8 the preparation aud diss¢mination of financial stat¢ments m*y diff¢r from legislation in otheT jwisdi¢tions. Approved by the Irustees of the Charity on 5 March 2025 and si8TKd on its bellllf by: C N Cullen Pa8e 4
John and Eliza Jelley Homu for Old People Independent Examiner's Report to the trustees of John and ElizA Jelley Homes for Old People I report to the trustees on my examInlOn of the Unts of John and Eliza Jelley Homes for Old Peopl¢ for the year ended 31 Decemb¢r 2024. Ruponsibilities b51 of report As the Charity trustees of John and Eli7a J¢ll¢y Homes for Old People you ore r¢spongible for the preparation of the a¢¢ounts in accordance with th¢ r¢quir¢m¢nts of the Chwitie5 Act 2011 ('th¢ Ad'l. I report in respeci of my examinalion of the John and Eliza Jelley Homej for Old People's accounts carried out under $e¢tion 145 of thc 2011 Act and in CaYing Qut my cxaminatiort I have followed all the applieable Direction5 given by the Charity Commission under s¢¢tion 145(5Mbl of th¢ Ad. IDdeptNdent examlner'j $t•¢¢ment I have completed my examination. l ry)nfirni that no material matt¢rs hav¢ come to my attention in wnnection with the examinatlon 8iving me cAus¢ to believe th in any material resp¢c¢', l. COuNtIng re¢ords were not kept in respect of John and Eli74 Jelley Homes for Old Peopl¢ Js r¢quired by 5¢clion 130 of the Act. or 2, the accounts do not COrd with those records., or 3. the cOunt$ do not comply with the A¢¢ountin8 requirements eon¢emin8 th¢ fonn Jnd nIent of ac¢ounts set out in the Charities {Accounts And Reports) Regulations 2008 other Any requirement that the a¢counts 8ive a 'true and fair view which is not a matter eonsidered as part of an ittdependeni examination. I have no Concerns gnd have come across no other matter5 in connection with the examination to which attention should bt drawn in this report in o enable a proper undeT5tandin8 of the &ccounts to be r¢4th¢d. Neil Coupl RWB CA CA DChA North8ate House North G8t¢ New Basford Nottingham NG7 7BQ 5 March 2025 Page 5
John and EIizv4 Jelley Homes for Old People Statement of Financi81 Activities for the Year Ended 31 December 2024 Unrestricted fuDds Total 2024 r4ote Income and EndowDJents from: Donation5 and legacie5 Charitable activities Investment income 114,782 13,642 114,782 13.642 128,425 128,425 ExpÈnditllre on: Charitable activities Other expenditurt Total expenditure Gainslioss¢s on inv¢stm¢nt &8sets (139,9811 121,0101 (139.981) 121,010 (160,9911 13,017 {160,9911 13,017 Net expenditttre 19,549) 19,5491 Net moYem¢nt in fimd5 {19.549) (19.549) RecoDcili4tion of funds Tots] futtds brought fornpard 1,192,635 1.192,635 TO fill5 CaTTied forward 15 1,173,086 1,173,086 The note5 on pages 9 to 20 fonn aTh inte8ral part of these finaneiaj ststements. Page 6
John and Eliza Jelley Homoq for Old People StAtemeDt of FiDancial Actiyiknes for the Year Ended 31 December 2024 {contiDued) Ullrestfteted fuDd5 Totsl 2023 Note Ittcome ADd Endowments from: Donations and legacies Charitable aclivities IVeStsent in¢om¢ 200 200 120.993 12.950 120,993 12,950 Total income 134.143 134.143 ExpettdIre on: Charitsble activitles Other expenditure (79.038) (19.523) (79,038) (19,523) Totsl expenditure GaInosSeS on inveslrncnt assets (98.561) 6.205 (98,561) 6,205 Net Income 41,787 41,787 Net movement in fuDds 41.787 41,787 Reconciliation of fthods Total futtds bmught forward 1.150.848 1.150.848 Total fimd5 carried fOnd 15 1,192,635 1.192,635 All of the Charity's activities d¢rive frorn CODtinuiDg OlOn8 the tsvo periods. The notes on page5 9 to 20 forni integral part of these finwKial sthtonents. Page 7
John #nd Eliza Jelley Hom& for Old People (Registration number: 225852) Balance Sheet as at 31 December 2024 2024 2023 Note Flxed us¢ts Investsnents io 1.103,217 1,117.069 Curre •sg¢ts Debtors Cash at bank alhd ID hand li 12 4,272 67.103 9,187 67.218 71,375 76.405 Creditors". Awowits flline due Y4ithiti on¢ y¢gr 13 1,506 {839 et tTrellt saets 69,869 75,566 Net 1.173,086 1,192,635 Funds Df the Ch*rity: Unrestricted income funds Unrestri¢t¢d fvn 1,173.086 1.192,635 Tot•l fuDds 15 1.173.086 1.192.635 The financial statements on pages 6 to 20 wEre approved by the tnLStee5. aDd authoriwj for issue on S m¢h 2025 al signed on their behalf by.. C N Cullen Trustee The notes oll pages 9 to 20 fonn an integ phrt of these flnanci statem¢nts. Page 8
John and Elits Jelley Homes for Old People Notes to the Financial Statements for the Year EDded 31 D¢¢ember 2024 l Accounting polici Statement of compliance The financial stsiements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice ISSU in Oaob¢r 2019, the Fithanciaj Reporting Stsndaid applicable in the United Kingdom and Republic of Ireland (FRS 102) aod the Charities Act 2011. B#$is of prepar*tion John and Eliza Jelley Horne$ for Old People meets the definition of a publi¢ beD¢fit entity under FRS 102. The accounts (fmanciai statements) have b¢¢n prepared under the hi5torica] 51 wnv¢ntiOth with items recognid at C05t or trat)sartion value unless otherwise slated in th¢ Telev¥t N)ie(s) to these accounts. Going coneern The tSle¢S ¢onsider th&t there are material un¢thties about the ChariWs ability to continue as a Soing concern. Income endowmeots Residents, ntTibutlon9 are ac¢ounied for on a attnjth b&si5, when it is probable th¢ income will be received. DonAtion5 l¢goo¢s Donations gnd legacie5 are recogllised on a receiv3bl¢ b&4is wlTrh receipt is probabl¢ the aTnouTht can be liablY measured. Inveslment¥ft¢ome Interest on fimds held on deposii is included when receivable and the 8mOUDt can be mcasuTtd lIablY by the Charity," this is noma]ly upon notification of the interest paid or payable by the bank.Dividend5 are Tecognised once the dividtnd ha5 b¢¢n de¢lar¢d and notificathon ha5 been Tt¢¢iv¢d of the dividcnd d. Eipendire All ¢xp¢rtdiDJYe is recognised ODCC there is a legai or constructive oblkgation to that expenditure, it 15 probable Settlement is qUired and the atnount can be measured lIablY. All costs are l0¢&t¢d to th¢ applicable expenditure hcading that aggregate similar costs to category. Where costs ¢•nnot be directly attributed to particul3r headings they have been a]located on a basis consistent with the of resowces. with ceThtra] Staff costs allocated on the basis of time spent. and depreciation ehaTges allocated on the ponion of the &8sei's use. Other support e05ts are allo¢atrd b£d on the spread of staff wsts. Choriti7ble acl¥vitses Charitable expenditLEre cotnprises thos¢ Costs inCUed by the Charity in the d¢livery of its activities and servi¢es for its ben¢fi¢iaries. It include5 both costs can b¢ ailo¢at¢d dircctly to suth a¢tivtti¢s tlK)se costs of an indirect natUT¢ ne¢essary to SUprt them. Page 9
John and Eliza Jelley Homes for Old People Notes to the FinaDcial Ststements for the Year Ended 31 December 2024 (continued) T¥4xatioD The Charity is considered to $s the t¢sts set out in Paragrph I Schedule 6 of the Finance Ad 2010 ond therefore it meets the definition of a charitable company for UK corporation pwpose5. Accordingly, th¢ Charity 15 )ientia]ly exempt from taxation in r¢5PECi of in¢ome or capital gain5 rx¢ived within categorie5 coverd by Chapter 3 Part I l of the Corporatiott A¢t 2010 or Section 256 of the Taxation of Chargthle G8ins Act 1992. to the en¢nt that such inrne 01 8ain5 ar¢ applied exclusively to charKtabl¢ purposes. Inves¢m¢#t properties tovestsnent property is Carrid at fair value. derived from the current market prices for compardble real estate detennined annually by Tru5tEe5.The TnLStees observable mket prices. adjustd if ne¢essary for any diffence in th¢ Dature, location or Condition of the SIfiC a55et. Changes iti fair valu¢ are recogDisd in profit or 10$5. Flxed gsset investments Fixed asset inve5ttneDts. other than programtDC tclcd itiVesllnrn are included at maTk¢t value at the balanGe sheei date. Reaiised gains and Ios5e5 on investsnents are calculat¢d as the difference be¢¢n sales pJDceeds and their market value at the start of thc y¢ar, or their 5ub5equent COSL and are charged or rredited to the Statement of FinanGiai A¢tiviti¢s in the period of disposal. Unrealised gaitis and losses WTesent the movcment in market values during th¢ y¢aT )d are creAited or charged trj the Statement of Ffftnaticial AthivÈties OD the m8rk¢t valu¢ at the yur end. Csb 8nd cash tquivltttts Cash hnd cash ¢qulveDts cornpri5e cash on hand and call d¢SIts, and other short-lerm bighly liquid investments that are r¢adily ¢ollv¢rtibl¢ to a known amouDt of ¢ash and are subject to an in51]ficant risk of change in value. Tr*de crtditors are obligations to pAy foi goods or services that have been aquired ID the ordinary course of bu5ine5s from Suppliers. ACUrtts payable are ¢Isified as current liabiliike5 if the doe5 not have an unconditional right, * the end of the reporting period, w d¢fer settlement of the creditor for at le&st Iwelve months aftcr th¢ r¢porting date. If there Is an unconditional right defer s¢ttlement for at Ic&st ]Ve after the ryrting dat4 they are PSented as onrfurreni liabilities. are reco8nised initially th¢ irn)s¥tion price and subsequently MllreA at amortised 51 using the effective interest method. Page 10
John and Eli Jelley Homes for Old People Notes lo the Fillancial Statements lor the Y¢Jr Ended 31 December 2024 (continued) Fund itrncture Unre5trictcd income funds are general fi% that ar¢ av8ilable for use at the tswtees's discretion in furtherance of the objectives of the charity. The Extraordinary Rcpakr Fund h*$ been set aside out of urw¢stricted fund5 for thc $pe¢ifi¢ purpose of providin8 for th¢ extraordinary r¢pair. irnprovement or rebuilding of the alt)uhou5¢5 8Dd aDy other property belon8iAg to the Charity. The Cyclica] Maintenance Furtd has been set ld¢ out of uDr¢stri¢ted fimds for the specifi¢ purpose of fill1n8 cy¢li¢ai paIrS ty th¢ atmhou5eJ 4nd any other property belonging to th¢ charity. Th¢ annual transfers to the ExtraordinBry Repair Fund and the Cycli¢a] Maintenan¢¢ Fund ort based on guidan¢¢ provided by the Almshous¢ Ass19110. The Property Revaluation Fund has been estyblithed by th¢ Tru5tee5 to rnst¢h the va]ue of the property showi on the Balancc Sheet to reflc¢t the fact the almshouses are fimdamenthl to th¢ Ch¥rity'5 opcrntion$. Penslons and other pogt r¢tlreJDtnt obll8•tlonJ The Charity opcrate5 a defin ¢ontribuiion pension Kheme whi¢h 15 B pension plan undcr which fixed ¢ontributiot)$ are paid into a pension fid the Charity has no l¢8oJ or ¢onstiuctive obli8ation to pay further contributions ¢v¢n if th¢ fund do¢5 not hold sufficient et$ io pay all employees the benefits r¢l8tinB to employee $¢Thic¢ in th¢ current and prior periods. Contributions io defined contnijution plan5 U¢ fWQ8n15td in the Statement of Fin¢la1 Adiviti¢5 when they a due. If contribution paymcnts cxcrtd the Contriblon due for g¢rvi¢¢, the excess L5 rw)SllL5cd 84 prepayment. FlnADcIAI InBtruments Cl05$1J7e&rto Financial as5et5 aThd financial liabilities are re¢o8nised WIM the Chlrity bffom¢5 1 pty trj the eotttractuai provisions of the instrument. Trinan¢ia] Liabiliti and equity in5tnLm¢nts are classified according to the substsn¢e of the ¢ontr4rtual orransements cntered into. An ryuity inStrum¢ni is any ¢ontwi evid¢nce5 a residual interest in the assets of th¢ Charity after deductin8 a]1 of its liabiliiies. Pase 11
John And Eliza Jelley Homes for Old People Notes to the Financial Statements for the Year Ended 31 December 2024 (eontinued) Recognilion All fJnan¢iai assets and liabilÉtie5 are initia]ly rn$ed at transaction price (including transaction eostsl. except for tbose fina11 ass¢ts ¢lassifi¢d as at fair Yaluc through Profit or 105& which are initially m¢•sured at fair value (which 15 nonnaily the transaction price excluding Iran5a¢tion ¢ostsl. unless the aIrangEm¢ ¢onstitute5 a fiDancing transaction. If an arrangelneni ¢onstitute5 a financing transa¢tio the financial &sset or fman¢ial liability is measured at the present value of the futt payments discounted at a market rni¢ of interest for a similar debt instsiu))ent. Finat)¢ial assets and liabilitie5 are onty offset in the ststement of financial position when. and only when there exists l¢ga]ly ¢nfor¢¢abl¢ right to set off the recogni5ed amounts and the Clwity Éntend5 either to settle on a net basks. or to Tls¢ the asset and s¢Mle the liability sÉmuhaneously. FiDancial assets are derOgnised when and only when a) the contrathLal ri8hts to the cash flows ftom the financial &8set expire or are 5ettle¢l b) th¢ Charity transfers to znoth¢r paTty $ub$tantiaily all of the risks and r¢w8Tds of OnerShIp of the fuJaThciai &1. or c) the Chariry. de5PÉte havang retained wm¢, but not all. 5igDifi¢ant risks and rewards of owm¢rship, has transferred control of th¢ asset to another party. Finan¢io] liabilities are dereco8Di5eA oD]y when th¢ obli8ation specified in th¢ ¢ontrxt is discharged. cancelled or IDvestments in non-convertible pferen¢e shares and non-puttable ordinary or preference shares (where shares are PLEblicly traded or their fair value is reliably rneasuTablel are rnured at fair value through profit or loss. Where fair va]ue cannot b¢ mea5UTed T¢liably. investments we measurd at CO less impa]ellL Investments in subsidiarhes and wociate$ are rnUr at ¢ost less impainnent. For inv¢51mcnts in subsidiarie5 acquired for consideratton including the issue of sh3re5 qualifying for merger r¢lief, cost is me&sured by refer¢n¢e to the nornirml value of the 5harES issued plus fair value of other collsideration. Any premium is ignored. Thc b¢5t ¢vid¢n¢¢ of fair value is a quoted pric¢ for an identical &sset in an active rna¢1. When quoted price5 ar¢ unavailable, the pric¢ of a recent transaction hr an id¢nticaJ &sset provides evidence of fair value &$ long there not been a significant change in economic circyrnstances or a signifi¢ant lapse of time since the trdnwtion took place. If the market 15 not active and recent Irai)sactlODS of an identical a55et on tbeir OTA are not a good estimate of fair value. the fair value is estimatrd by Ing a valuation tr(bllique. 2 ltteome from dontiODS nd legAci Unre5trirted funds G¢oerAI Total ds DonatioDS and legacie5" Donations from individuals Totsl for 2024 Tot] for 2023 200 200 PaBe 12
Jobn and Eliza Jelley Homes for Old Ptople Notes to the Financial Statements for the Year Ended 31 Detember 2024 (continued) 3 Income from chariknble etivitwJ Unrestricted funds GenerAi Tot1 funds Proyhsion of ahnshouses 114,782 114.782 Total for 2024 114,782 114.782 Tot81 for 2023 120,993 120,993 4 IDvestJnent income UDrestricted funds Designted GeDer] Totsl funds Income from dividends. Dividends r¢¢¢ivable from other listed investrnents Interest receivable and similar in¢ome' Int¢r¢si r¢c¢ivable on bank deposits 10.781 2.003 11784 858 858 Total for 21124 10,781 2.861 13,642 Total for 2023 10.062 2.888 12,950 5 EAp¢ndi¢ur¢ on chxritsble activities Unre5trirttyJ tsd$ Designxted Gentrnl Total 20Z4 Repair5 and renewals Water rates 30.036 4,313 3.672 5,393 6,128 6,362 160 30.036 4.313 3.672 5J93 6.128 6.362 160 81.502 583 12 1.800 20 Insurance Garden maintenance Electricity less recoveries Selective License5 Advertising Property rcpY4ir5 Subscriptions Trdvel and 5ub5i5tance Professional fees Charitsble Ik)n*ions 81.502 583 12 1,8 20 81.502 58.479 139,931 P88e 13
JohD aDd Eliza Jelley Homes for Old People Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) Unrestricted fwids General Total 2023 Repairs and Tenewa]s Water rates 28,657 3.660 3.800 3.963 2.893 28,657 3.660 3.800 3.963 2,893 33.802 333 74 1.836 20 Itlsurance Garden maintenance E11¢1ty less re¢overies Property r¢pairs Subscriptions Travel and 5ubsistance PtofessIon fees Charitable donations 33,802 333 74 1,836 20 33.802 45.236 79,038 6 Other expenditure Unrestricted fund5 General Totsl 2024 Totxl 2023 Staff costs W4g¢5 and 5alarie$ Pension costs Clerk and v¢sitor fees Other offi¢¢ ¢xp¢nses Sundry ¢xp¢tts¢s 4.024 213 11.700 1.260 ,570 17,974 720 1.518 17.974 720 1.518 20.212 20,212 18,767 7 Trustees r¢mun¢r•tioB and eipenst5 No trustees. nor any persorts comwcted with them. have re¢eived any rnuneration from the Charity during the ye8x. 8 IDdepeDdent examiner's remuts¢r•tio0 2024 2023 Examination of the finalhcial ststeTnellts 798 756 Page 14
John and Eliza Jelley Homes for Old People Notes to the Financial StAtement8 for the Year Ended 31 D¢cemb¢r 2024 (continued) 9 Taxation The Charity is a TegiSt¢r¢d ¢harity and is thcreforr exempt from taxation. 10 Ftsed I5set iDve5tmeDIJ 2024 2023 Investmenl prop¢rti¢s Other invc5tmentS 800,000 303,217 800.000 317.069 1.103.217 1,117,069 Investmtnt propertles Investment propertles Cost or VBluation At I January 2024 800 000 Provixion At 31 December 2024 Iyet book value At 31 De¢emb¢r 2024 800,000 At 31 De¢ember 2023 Boo,000 Thc invcstment properti¢5, wmprisin8 the almshouses &r Derby Road. Lenton. Nottingham w¢r¢ valued on S July 2017 by the Trustees on an open market existing usc basis. The Trustees consider that this valuolion will not have chansed mat¢riaJly during th¢ p¢riod lo 31 December 2024. I'here has been no valuation of ittvestment prop¢Tty by independent v&luer. Pag¢ 15
John and Eliz8 Jelley HOM for Old People Y4otes to the Financial Statements for the Year Ellded 31 December 2024 (continued) Otber iovestments Listed iDve$tmÈnts Total Cost or val&0 At l January 2024 Revaluation Additions Disposal$ At 31 De¢¢mber 2024 317.069 9.048 23,131 46,031 317.069 9,048 23.131 46,031 303,217 303.217 Iyet book vglue At 31 De¢ember 2024 303,217 303,217 At 31 D¢c¢mber 2023 317.069 317,069 The iotal market va]ue of listed investments is made up of M&G Charity Multi A55¢t Funds 49,464 Income shares {GenerAI Fund) £45.918 (2023.. £44,429) and 2,125 Accumulation shares (Dc5ignat¢d Fund$) £257.299 (2023.. £272.6401. Th¢ historicai cost of these fid$ as at 31 December 2024 1$ £225,97012023.. £234.883). 11 Debtorg 2024 2023 Prepayment5 Other d¢btors 4,272 8,322 865 4,272 9,187 12 C•$h and 5b equiv%leDts 2024 2023 Cash at bank 67.103 67,218 13 CreditOTg: amoullts fAUing due within one year 2024 2023 Trade creditors Accruals 684 822 60 779 1,506 839 Page 16
John and Eliza Jelley Homey for Old People Notes to the Financial Siatements for the Year Ended 31 December 2024 (¢oDtiDyed) 14 Pension •nd other s¢hemes Defined contribution pensio xbeme Th¢ Charity opetaie$ o d¢fmed contribution nSion s¢hem¢. The pension w5t chtrge for the year represents ontributiorhs payable by th¢ Charity to the scherne and wnoun*d to £Nil (2023- £213). Page 17
Jghn #Md ElirA Jeilry Homes for Old Peoplt Notrs to the Fill4*¢ial Slatrmts for the Yur Endtd 31 Dttember 2014 {¢ODtiDued) IS Dttember 2Q14 fjen JOS.629 117.644 (7J,419) 19261 5.458 368.510 Cy¢1 MwDtrrArLe Fur 40.708 46298 (71.440) (lo.) 30.732 Iso.(•x)) 10.711 7,539 4.576 8OD.tM)U 19268 7.559 804.576 Totsl 121.4Z5 P4t li
John lad Eliza Jtlley Homes for Old PMplE Nottt to tht Fin•ntil St#t¢m¢Nts for the YUT Endrd 31 Dcttmbtr 2024 {toDtibutd} D¢t Atjj JaryI p¢•J¢d 2023 Gcnerai F1 245.560 124,012 {64.7601 747 305.629 DulRJt& {15J691 40.708 46.291 800.0 Exttw>rdnwy Rewr Ptopcrty RevaluatsonFuf¥J 49211 10.061 5.451 S.211 817.006 Totsl 1.150.848 134.143 91.561 6.205 P¥e 19
Jobn and Eliza Jelley Homes for Old Peibple Notes to the FinaDcial Ststements for the Year Ended 31 Dernber 2024 (continued) 16 A0y$l9 ofnd ssets bthe¢tt TotAI futtds at 31 December 21124 Unr¢stricted fwith Gener1 DÈqignated Fixed a5S¢t irtv¢stsn¢nts Current assets Curr¢nt li&bilities 45.918 324,098 (1.5061 1.057.299 (252.723> ,103,217 71,375 1,5061 Total n¢t a55ets 368,5 10 804,576 1,173,086 Totsl funds at 31 Decemb¢r 2023 Unrestricted funds Gner] Designatéd Fixed et investments Current 18sets Cwrent liabilitie5 44.427 262,041 {839) 1.072,642 (185.6361 1.117.069 76,405 8391 Total net ets 305,629 887.006 1,192,635 17 Related party trI$*10S There were no related pafy Iiansactions ID the year. Pe 20