Charity re￿tiOll Dwrkn.. 225852 John and Eliza Jelley Homes for Old People Report arwj FiDancial Stst¢ments for the Y¢ar Ended 31 Decern￿ 2025 RWB CA Limii¢d Nonbgate House Notth Gate New Basford Nottingham NG7 7BQ P4*101 John and Eliza Jelley Homes for Old People CoDteDts (conthiued) TnLStee5' Report 2to3 StatettLCllt of Tn￿. RwDsibilities Independent EAatDin*s Report Stst¢ment of Fitia￿la1 A¢tiTrities 6t07 Balance Sheet Notes to the Fin#ti¢ial Statements 9t020 16 16 JohD and Eliza Jell¢y Homes for Old People Reference 2nd Adnthiistratlve Delails Trn$te¢s C N Cullen G Fither J F Fither J Heaiey J Olpin C J Powell Ch*rity Reg5stratloB Number 225852 Printip*l omee PO Box 11228 Nottingbam NG14 6YY Independent EA#ll￿Der RWB CA Limited Northgate Ho North Go New Basford Notyngham NG7 7BQ Pwl JohD and Eliz* Jelley Homes for Old People Trnstees. Report The trustees prr5Cnt tb¢ atmu21 report together with the financial tsten*nts of the Charity for the year etsjed 31 Deceznber 2025. Objectfves *ttsvitl Objects 4im$ The principal activity of th¢ Cbarity is the provision of for old people who are iticapable by a8¢ or itthllty of earnillg their owll living and wbo hw¢ l¢d respectsblc. virtsJou& sober and uprigbt lives. So far &5 practicable P￿frIe￿¢¢ slwll be 8iveD to those ￿ll0 are naiives o( or bave jiv￿4 many year5 in or llear, the City of Nottingh￿ Public benefv thwing the year UDder review 26 propertie4 Coll￿[1$108 20 f]ats and 6 Ixiuses, wer¢ made avai]able for re5idcnts. These showed all occupancy level of 98Y• duTiD8 tbc year. with TTus*es using the void periods to upyade the properties r¢ady for new re5Ldents. The tr]stees confirm that they have ¢onwlied with tht requitt￿ts of s¢ction 17 of thc CIwL"tie$ A¢t 2011 to bave due rewd ￿ the public benefit guidan¢e published by thc Charity Cots)mis5ion for ED8lattd and Wa]e& Flnxncial revlew Residents Conth￿l0￿5 in￿e￿d by £14.720 ¢0 £129,502 8nd illvestsnent income iT￿reas￿ by £59 to £13,701. Totsl incorne increased by £19,041 to £147.466 whicb ]￿ludeS donatio#s of £4.262. Totsl expenditure reduced to £134,151 compared to £160,991 for 2024. A totsl of £45,819 incurrcd OD cJrli¢al and extraordinary property repaiTS sUTDM￿sed on page 13. General property expenditjre amounted ￿ £66,513 and management and #dtyinistration £21.819. This Iw result¢d in a SwpI￿ of I￿on* over exp￿1th of £13J15 for the ye•r. At the B￿ance Sheet date investsnents at market Yalue totall￿ ts) £363,779 with an uDreaiised gain of £37,047 whilst market Yalu¢ ofthe pmperty was esthblistr¢¢d at £1.106,661 with an uDrealis¢d gain of £306,661. After addirtg the increase iti revaluation of ￿Sets of 343.708 and Det for the year. totsi v81ue of th¢ bala[￿e Sheet increascd by £357,023. lvhen *Jded to fimds brought fonvard from the previous year. tota] fimds ¢aTried forward arnounted to £1.530,109. The TnLStees coLsider that the fJnan¢ial position ofthe Chan'ty oll 31 December 2025 w be satisfactory confrm that tw have ￿￿Ate a&sets 8vailabl¢ to th¢ir obligation Policy on rtserveJ It ts the policy of th¢ ChaTity to rnasntsin utirtsthcted fiJDds whicb provide sufficient funds to cover monagem¢nL administAtaon and suppon ￿$ts including Maintena[￿ and ny)demisatioD costs. £393,201 beld in unrestricted at 31 December 2025 {2024: £368,510). Thc ChariWs alllL%hou5e$ aTe r¢¢ognised within the Aceounts at their valuation of £1,106,661. Reflecting the fact that thc almsbouses are to the charitys operations the Trust¢¢s establisbed a de8LgThated fi]￿j. the Property R¢valuation FunQ to matrh th¢ value of tbe propery C￿Tently Inveslmerytpobry andobietliv The Trustee5 invest any tnonies not r¢quired for the Irrllr￿iate putpose of thc Chtirity and ttot 00 deposit at the Charitys baDker5 ill securitie5 in wlJi¢h Trust tnODey may by law be illve5ted P8g¢ 2 P•J•4r122 John and Ellza Jelley Homes for Old People Trustees, Report (continued) Structurfy govern#nte and man#getneDt NAthre ofgowern¥ng documenl The Trust is a registered c]wity which was forn)ed under the Will of the18te ￿der￿Jall John Jell¢y died on 17 April 1914. Under his Will he directed thY4t hL5 Exc¢utors and Tntstees should build and mainthin alTnshouses in the City of Nottingham. Land was eventually purchased on Derby Road. LentOJL Ntsttingham and the ahnshouses werc builL twelve in 1924 and four in 1926. Recruilmenl andappointmentoftrusle Trustees have the w)wer to appoint tiew tr￿st¢es in place of those dyin8, retiTing or becoming incapable to act New tnJst¢es ar¢ WrUit¢￿ on r¢¢ommendaiion. for th¢ir experience, empathy, a[￿ knowledge of the Charity And ¢0 maintain the skills and Composiiion of the trustee body. Induction tind truining oftrustees The snduction of Dew twstees is Carried out by of a d¢tail¢d briefing at a fidl meetin8 of the Trustees. OrgAnisotionAI 51Thcture At their biajjnual meetings the Trustees agree th¢ broad strat¢8y and areas of a¢tivity for tbe Cbarity, iticludin8 eonsi(kration of the occupancy IEvels. property and masnienan¢e issues and a d¢tailed review of the f￿ncIal position of the Charity. The day to day thini5tration of th¢ prop¢rtlC5 and th¢ Welfa￿ of the r¢sid¢nt8 IS delegated to the s¢h¢m¢ mat)ager and the ¢lerk of thc Trustees. The annual r¢port Was approv¢d by the trustces of the Charity on 4 March 2026 and sigthed ot) its b¢haltby.' C N Cullen Trustee Page 3 P4•5of John and E117A Jelley Homes for Old Peopl¢ Stydtement of Trustees, Responsibilltles The tnjstees ar¢ ￿3p0￿stb1e foT pf¢pAring the tru5tees' report at)d the fLnaDcial statements in accordanc¢ with the United Kingdom Accounting Standards Iunited Kmgdom Getterally Ae¢ep*d Accounting Pr￿tiCe) and applicable law and regulations. Th¢ law applicable to charitles requires tbe trustee5 to prepare finallc1￿ statemeDts for uch fittancial year which give a true and fair view of the State of affairs of the Charity and of the incoming resources and application of rc50ur¢¢$ of the Charity for that period. In preparizjg these finaTLcial statements. the tr￿￿tte$ are requir¢d to.. 5¢1ect Suitable &ccounting policies and th¢n apply them consistently. obs¢rv¢ the method5 and pritt¢ipl¢s in the Charities SORP,. t[￿ke judgements and estimat¢s that are rea50nY4ble and prudent" stste whether applicable aecounting sthndards have been follow￿, Subject to any n￿l¢rial departures dis¢los¢d and ¢xplaincd ID the fit)ancial statements. and prepare th¢ f￿ncIal statetn¢nts on the gosng concern basis unless it Is It)8ppropriate to presume tbat the Charity will continue in business. The trustees are responsible for ke¢ping proper acGounting records that di5¢1o$e with reasonable ac¢ura¢y at any tinje the financial position of the Clwity alld enable them to ensure that the financiol statcment8 comply with the Charitse5 Act 2011, the Charities (Acctsunts and Reports) Regulations 2008. and the provisions of the constitution. The I￿)Ste¢S are also r¢sponsible for safeguarding the assets of the Cbarity and henct for taking r¢asonable Steps for the prevention and d¢te¢tion of fraud other I￿e￿larities. The rwstees are responsible for the maintenance and integrity of the ¢orporat¢ and financial infomjation in¢lud¢d on th¢ Gharitable company'5 w¢b5jte. Legislation gov¢rning the preparation and di8s¢minatioa of fiDancial $taten]en ay differ from legL$lation in other jurisdi¢tions. Approved by the ttitstees of th¢ Charity ¢)n 4 March 2026 siwd its behalf by.. C N Cullen Tn￿¢ Page 4 Pa9•6of22 John and Ellza Jelley Homes for Old People Independent Exydminer's Report to the trustees of John and Eliza Jelley Homes for Old People I report to the trustee5 Qn Tlly examinatson of the ac¢oum of Jolm and Eliza Jelley Homes for Old People for tbe y¢ar ¢nded 3 1 December 2025. Reiponsibilititt and b￿15 of report As the Charity trustces of John aTKI Eliza Jelley Holl￿& for Old People you ar¢ rwnM7*le for the preparation of the accounts in ￿ordanc¢ with the rcquirell￿ of the Ctwilies Act 2011 ('the Act.). I r¢port in respect of n)y examination of the JOI￿ and Eliza Jelley Ho[[￿S for Old People's accounts carried oui uDder se¢¢ion 145 of the 2011 Act and in caThyin8 out EDY examination I have followed all the applicable DircctiOLS given by the Charity Conllnission ulld¢r s¢¢tion 145(SXb) of the ACL Independ¢nt £￿t￿er,1 5t%tement I have ¢ompl¢ted my exanJinatioD. I confirni tbat no material Jnattery bav¢ come to my attention in c4Jnncction with the exatnill#tiots tne Ca￿ to bclicve that ID any rnatcrial rc5pea'. l. accounting records wete Dot k¢pt r¢4)ect of John and Eliya Jell¢y Hom¢s for Old People as rcquTrcd by section 130 of tbe ACL or 2. the acCo￿t$ do not ?￿rd with those Tecords. or 3. th¢ 4CCOUDts do not cornply with the a¢¢ounttng requiretDents concerning the form aDd ¢ODtent of accounts s¢t out in the Charities (Accounts and RepDrtsl Regulatiow 2008 other than any requiremet)t that the a¢wunts ve a'true and faiT vi¢W which i5 Dot a Tnatter Gonsidervj &5 pan of 8n ind¢pendeTrt examillatio￿. I have no ¢on¢ems and have come across other matws in wDnedion with the examination to which attention should b¢ drawn in thi5 report in orderto ¢nabl¢ a propcr uTrJcrthding of the accounts to k reached. Nicholas William Bonnello FCA RWB CA Limited Nonbgate House North Gate N¢w Basford Nottingba NG7 7BQ 4 Mar¢h 2026 PaBe 5 Prysfrf22" John and Eliza Jelley Homes for Old People Statement of Flnancial Activitles for the Year Ended 31 December 2025 Unrestricted funds Total 2025 Ineomt and Endoirn*nts from: Dot)ations and legacies ChaTitsble actTvities lttvesttnent incorne 4,263 129,502 13.701 129.502 13,701 Total income 147,466 147,466 Expenditsre on: Cbaritsble activities (112.332) 21,819 (112.332) 21,819 Total expendinr¢ (134,151) 343.708 (134,151) 343,708 Net incornc 357,023 357.023 Net ttLovetyM)t ID fvnd 357.023 357,023 Recon¢iliation of futtds 1,173,086 1.173,086 Totsl fiJnd$ callied forvdrd 15 1,530,109 1.530,109 The notes on pd8cs 9 to 20 forni intewl part of these fiDancial statements. Page 6 Illll P•p 91122 John and Ellz* Jelley Homes for Old People Statement of Flllanclal A¢ttvlties for the Year Ended JI December 2025 (continued) Tots] 2024 fuDds Note Incon￿ and EndowrneDts from: Donations and legacies Charitablc activitLCS Inveslrnettt incorne 114.782 13.642 114,782 13.642 Total in¢ome 128.425 128,425 Expettditure on: Charitable acttvities Other expenditure (139.981) 21,010 (139,981) 21,010 Total expenditure (160,991) 13.017 (160,991) 13.017 Net expendItt￿¢ 19,549) {19,549) Net movem¢Dt in fi]nds (19.549) (19,549) Retontlilxtloll of fuDds Toral fi]nds brought fonvard 1,192,635 1,192,635 Total fiumls carried fotwaTd 15 1.173,086 1,173,086 All of the Charity's artivititts d¢rive from conlittuing operations durmg the aEKsv¢ Iwo periods. The ￿0t¢S on pages 9 to 20 fonn an illtcgr￿ part of these fina￿181 stst¢ments. Page 7 John gnd Elfiza Jelley HOM￿ for Old People (Regi5tr8tioD number: 225852) B4lan¢e Sheet as at 31 December 2025 2025 2024 Nots FLxed Assets Investsnents 10 1,470.440 1,103,217 Current a58ets Debtors C¥sh Ai bank and in baDJ 13,593 47.112 60.705 4272 67.103 12 71.375 Creditors: Amounts falling due wltb5n ODe year 13 1.036 1,506 Net current xtsets 59,669 69.869 Net *uets 1.530,109 1,173,086 Fvnd• of the Cbarity: Unrethicted itt¢ome fwi UDr¢strir*d fijnds 1.530,109 1.173.086 Totsl funds 15 1,530,109 1,173,086 The fittanctal Ststerr￿ on page8 6 w 20 w¢r¢ approved by the tr￿le¢s, aThl authoriaed for issue on 4 Mar¢h 2026 and 5igDed on their b¢half by." C N Cullen Trust¢¢ The notes oll pages 9 to 20 fo￿ an inte￿1 part of these finattci81 sth*m¢nts. Page 8 P￿1￿0122 John and E]fiza Jelley Honyes for Old People Note% to the Financial Statements for the Year End￿ 31 Deeember 2025 l A¢counttug poM¢lu Stalement of eompllanee The financial stateTnents have been preparal in accordance with the se¢tsnd edition of the Clwities Ststement of Recommended Pwtice issued in (ktober 2019, the Financial Rep)rting Standard applicable in the United Kingdorn and Republic of Ireland IFRS 102) and the Charities Act 201 I. B*$ls ofprtparatlo John and Eliza Jelley HoJ)M for Old Pwpl¢ meets the definÉtion of a public benefit entity utsder FRS 102. The accounts {fJnan¢ial $￿teMents) have b¢en prepared utmlcr the historical e05t convention with itcml rcco8Dised at cost or transaction value unless othThse stated in the ￿le￿aUt llot¢ls) LO thtse ac£outtts. Going concern The trust¢¢5 con5id¢r that th¢te ar¢ tto matsrial uncertainties about the Cbartws ability to continue as a going oncern. Ineome iDd endowm¢nts R¢sidents' eontributiODS are accowitrd for ou a a¢¢nwis tosis. when it is probable that the incoll* will be re¢eive ￿ft￿ legacies Donation5 and legacies tre reco8tiised oll a Teceivabl¢ b￿lS when receipt is probable a￿d the an￿ulli can be Tehably measured. InvestsehtiM¢oMe Itsteresl on fi￿dS held on deposit ts iD¢luded when receivable the ar￿Ullt ran k mwur¢d r¢]xably by the Charity,. this is noM￿llY upon notification of the inteT¢5t paid orpayable by the bank.DiTridC￿js are recopliscd once th¢ dividend ha5 been declarrd alld i￿tifiCatiOn b&$ b¢cn rccciyed of the dividcnd due. Eipelldltwre All exp¢ndiDJre is recognised once there is a 1¢8al or conslructive obligation to thai up¢nditure, it is probablc seitlemeni is requircd and the amount cau be tllwured re1￿ly. All costs arc alloc￿ed to th¢ applicable expeoditure heading that a8gregate sirnilaT fosts to that caie80ry. Whcre costs cannot k dir¢¢Uy attributed to particujar headings they have bttn allocated on a basi5 ronsist¢nt with the ￿ of resource5. with central stsff costs allocated on the ba5i5 of time sp¢n(, aDd dcpreciation charges 8lloca*d on tb¢ portion of the asset'5 use. Other suppon costs are allocated based on the spread of stsff COSLS. Chorilqble 4rtiwMi¢s Charitable exPe￿IltUre eoTnprise$ those costs by the Charity ID the delivery of its activities and services for its beneficiaries. It include5 both costs th31 cat) be ailocatcd dire£tiy to sucb activities and those costs of an indirect Page 9 JobD and EIi7A Jelley Homes for Old People Notes to the Financi￿ Statements for the Year Ended 31 December 2025 (continued) T*xatlon The Charity is coL%idered to the tests out in Parngraph I Schedule 6 of the Finance Aci 2010 and therefo￿ it meets the def￿1¢10n of a eharitablc cowy for UK corporation tax purposes. Ac£ordingly, the Cjwrity is )ten(ially exempt from taxation in rwect of iD¢ome OT capital Wdins received *￿thIn categories covered by Chapter 3 Part I l of th¢ CoryK>ration T8x Ac¢ 2010 or Sectiot) 256 of the T8thti0tt of Char8eable Gains Ac¢ 1992, to the extent that income OT gaiDs are applied exclusively ￿ cbaritable pury)oses. Investment properti Investment property is carrted at fair value, derived from the Current ttharket prices for compardble real estate d¢t¢rn￿d annually by T￿￿te¢s.The Tr￿e5 ob￿[v•bIe market prices, adjusted if necessary for any difference ID the nAtt￿¢, l¢Katioll or condition of the spxific &￿eL Changes in faiT value are reco8ni5a in pmfit or loss. Fiied as*t knvestments Fixed a5s¢1 investD)ents, other than prts￿ related inve5ttncttw are inclllded at market value 81 the balance sheet date. Realised gait)s at)d losses on inveshnents are calculated as the differenc¢ between sales proceeds and their nwket value at the Start of the year. tsr their subsequent c05L and are Charged or crcth'ted to the Statement of Financial Activities in the period of disposd. Unrcalised gain5 and losses represrnt thc n¥)vu¥wrt in market Wdlues during the ye•T and aT¢ credit￿1 or charged to the Sthtement of Financiol A¢thvities b&￿A on the nwk¢t valu¢ at the year en Cash and c*sh equiY*knts Casb and ¢asb equivai¢Dts cornprise cash on and ¢all dctxjsits. al￿ other $hort-t¢mi bighly liquid inYe51rneDts that are readily collvertible io a known a0￿Unt of eash aTrJ are subject to an insigDifitant risk of change in value. Trxd¢ creditors are obligations to pay for good5 or &ervkces that have b¢¢n acquired Én the ordinary course of business trom supplier5. Accounts payabl¢ are c1￿1fiCd current liabilities if th¢ doe5 not have an unconditional righL at the end of the rcporting periol to d¢f¢r settlernent of the creditor for at least ￿1ve month5 after the reportillg date. Ifthere 18 an UnconditioT￿l right to d¢f¢r 5¢ttle[t￿ for at Icast twelve nionths after the rq￿rting date. they are presented 2$ n0ts4Umt tiabilitie5. are reco8Di5ed initially at the Ira￿tion price subsequently Meas￿ at amortised cost ￿Ing the effective Page 10 12of22 John and Ellza Jelley Homes for Old People Iyotes to the FinancRal Statements for the Year Ended 31 December 2025 (coDtlnued) Fulld struct￿re Ujjrestricted inco￿￿ funds are genero1 that are av811￿1¢ for use ￿ the truste¢s% di*Tetion iti furtherance of the obje¢uves of the charity. Tbe Extraorditw Repair Fund bas been sei asid¢ out of UDTestricted fimds for the spe¢ifi¢ purpose of providing for the cxtraorditiary repair. unprovernent or rebuÈlding of the all￿h0￿ and any other propety belongin8 to the Charity. The Cy¢li¢ai Maintenance Fund has be¢n s¢t aside out of utres¢ri¢igJ fijnds for the specific pwpos¢ of fi￿dIng cyclical repairs ro th¢ almhouses and ￿Y other protty belonging to the ¢l)8rity. The annual traL8fers to the Extraordinary Rqjair Fu￿j alld the Cy¢lical Maintrnancc Fund are b&8ed on guidance proMd¢d by tbc Almsho￿¢ As50ciatio The Property Revaluation Fund has been established by the Trus*es ￿ tnatcb the value of the propety sbowTL on the Ba]anc¢ Sh¢¢t to reflect the fact that the a]DL8houses are fundrntal to the Chariiys operdtioThs. FID•n¢iAI illjtruments CIoS5ificqrf• Financial ass¢ts and financial liabiliti¢s are recognised when the Cbarity bee4m*s a party to the contractual provisions of the instrumeni. Financial li3biliti¢s and equity 1n5thune￿ aY¢ ¢lassificd according to th¢ substaDce of the ¢otttractual arran8em¢nts ¢ntered into. An cquity instnjmcnt is any contract that evidaKes & residual interest in the assets of thc Charity after deducting all of its liabilities. All financial asscts and liabiliti¢S are initially rneasul￿ 4 trarLsaction price (itidudm8 traDsaction Gosts), ¢x¢¢pt for those fit)an¢ial &qsets classified as at fair Yalue thmugb profit or Ios5. which are initially ￿K￿sU￿d ai fair valu¢ (which is norDully the traD5#¢ti0ts pric¢ cxclwjitjg tTallsa¢tion unle55 the aTTangwent constitutes a fllWlC]ng transaeiion. If an arrangement eonstitute5 a fiTJan¢ing transactio￿ the fina￿la1 asset or financial liability is measured at the pr¢s¢t)t value of the future paym¢nrs discounted at a markei ratr of interest for a simhlar debi instruTtrnL Fi¢Jancial assets and liabilities ￿ only offset in the stst¢ment of fiDanctsl position whw and only when there ¢xists a legally eDforceable rigb( to ser off the reco8wsed amouots at)d the Cbarity intCDds either io settle on a net basis. or to realise the asset and Settle the liability simul￿De0￿1Y. Financial assets ar¢ d¢re¢0￿]sed wbeD alld only wh¢n a) the CODtr8CDJal rigbts to the cash flows from tbe fiJwi¢ial asset expire or are settled, b) the cbon.ty tnDsfer5 to another party sub$tat)tially au of the risks And rewards of ownership of the financial ￿el or c) the Charity. despite baving retairwj some, but not a]1. SiPLificant risks and rewards tsf ownership, b&$ transferred control of the &8set to another party. Fillattcial liabilLtie5 arc dcrt¢(Jgnis¢d only kn the obligatiOD wified in th¢ contract is disdty cancelled or expires. Pag¢ll John 2nd Eliza Jelley Homes for Old People Notes to the Finaneial Statements for the Year Ended 31 December 2025 {continued) It)¥esulltnts in non