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Trustees’ Annual Report for the period Period start date Period end date a | com . rol , 3

Section A

Reference and administration details

Charity name

John Eaton’s Almshouses

Registered charity number (if any) |228490

Charity's principal address|OFFICE, Flat 1, 31 John Eaton’s Almshouses Bunting Nook, Sheffield

Names of the charity trustees who manage the charity

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4 James David Chair Trustees
Priestley
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5 Kathleen Trustees
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Names of the trustees for the charity, if any, (for example, any custodian trustees)
[Name—s—~—“‘;SCSCCCC_I Dates acted if not for whole year
James David Priestley
Sarah Sanders ed
1 March 2012
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TAR

Elizabeth Mooney

Names and addresses of advisers (Optional information)

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|||||||| |---|---|---|---|---|---|---| |Type|of adviser|Name|Address| |Stockbrokers|61|Napier|Street|,Sheffield|,S11|8HA| |Accountants|-—|[R&LAssociates|[CFC|House, Woodseats|Close,|Sheffield|,S8 OTD|

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Name of chief executive or names of senior staff members (Optional information)

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Section B Structure, governance and management
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Description of the charity’s trusts

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Type of governing document Scheme of 13"th April/ 1978 as amended 14"th December 1994
How the charity is constituted In accordance with the scheme & legislation
Trustee selection methods In accordance with the scheme
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Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

e policies and procedures adopted for the induction and training of trustees;
e the charity's organisational structure and any wider network with which the charity works;
e relationship with any related parties;
e trustees’ consideration of major risks and the system and procedures to manage them.

Section C

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Objectives and activities
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Almshouses for needy persons not less than 60 years of age who have lived in Sheffield for the last three years.

Summary of the objects of the charity set out in its governing document

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TAR
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March 2012

Provision of and maintenance of sheltered accommodation with warden assistance for persons over 60 whose low income and other circumstances qualify them to fit the description of needy persons. The proposed residents must have lived in the City of Sheffield for upwards of three years but there is provision in the trust scheme with the Charity commissions consent to vary these requirements as to the length and area of residence. This is a non-profit making organisation. The trustees are aware of and have had regard to the guidance issued by the Charity Commission on public benefit. Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

Additional details of objectives and activities (Optional information)

You may choose to include further statements, where relevant, about:

e policy on grantmaking;
e policy programme related investment;
e contribution made by volunteers.

TAR

March 2012

Section D

Achievements and performance

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|||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| |presaleaerate:|wienrity|Thestandard. trust hasMost continued repairs and to maintain improvements the accommodation are met from income to a high although| |during the year|the|steep,|sudden|rise|in|costs has meant that|using|reserves from| |investments|to|cover the|costs|of two|refurbishments|has|been|necessary| |this|year.|The|site|is|always|fully|occupied,|and we|continue|to|have|more| |applicants|than|vacancies.|We|have|35|units|8|single|bungalows|25| |double|bungalows2|first|floor|flats|and|1|ground|floor flat|for the|resident| |warden.|Major|refurbishments|are|usually|only|carried|out when a|unit|is| |vacant|to|minimise|disruption|for the|residents.|

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TAR

March 2012

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Section E Financial review
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Our investment reserves were £642,383 at the year-end which was down Brief statement of the circa £71,717 from last year. The decrease is partly due to trustees using charity’s policy on reserves reserves to cover the cost of two refurbishments and also due toa fall in the stock market at the time. Our cash reserves were £23,018 at the year end. It is intended to use part of the reserves this year for work on the grounds and other improvements.

Details of any funds materially in deficit

Further financial review details (Optional information)

You may choose to include additional information, where relevant about:

e the charity’s principal sources of funds (including any fundraising);
e how expenditure has supported the key objectives of the charity;
e investment policy and objectives including any ethical investment policy adopted.

Section F

Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

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Full a
name(®) arceen MaRanees-__|SMRAH Arn SANE
Position (eg Secretary, Chair, SMALL CLE. _
Date; |
2a|u[2s.
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TAR

March 2012

John Eaton's Almshouses

Registered Charity 228490

Accounts for the Year Ended 31 January 2023

John Eaton's Almshouses Year Ended 31 January 2023

	Page
Receipts & payments account	2
Statement ofassets& liabilities	3
Notes	4-6
Accounting policies	7
Independentexaminer'sreport	8

Page 1

John Eaton's Almshouses Year Ended 31 January 2023

Receipts & Payments account

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|||||||| |---|---|---|---|---|---|---| |Notes|Unrestricted|Unrestricted| |funds|2023|funds|2022| |£|£| |Receipts| |Maintenance|charges|86,011|87,779| |Ground|rents|130|406| |Dividend|income|from|shares|held|13,882|12,757| |Income|from|pension|fund|0|0| |Other|income|200|0| |Bank|interest|received|101|6| |100,324|100,948| |Income from|investment sales|not reinvested|39,900|ft)| |Total|receipts|140,224|100,948| |Payments| |Rates & water|rates|4,929|11,038| |Insurance|4,437|2,831| |Property|repairs,|tools|&|maintenance|ft yTeS|18,564| |Maintenance|of grounds|17,671|14,572| |Gas &|Electricity|6,523|4,534| |Telephone|1,516|1,236| |Wages|19,593|15,434| |Secretary charges|16,333|13,742| |Sundry|expenses|41|23,659|4,118| |172,454|86,068| |Asset and|investment purchases|5,176|0| |Total|payments|177,630|86,068| |Net of receipts/(payments)|(37,406)|14,879| |Transfers between|funds|0|0| |Cash funds|last year end|60,424|45,544| |Cash funds|this year end|23,018|60,424|

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Page 2

John Eaton's Almshouses Year Ended 31 January 2023

Statements of Assets & Liabilities

		Unrestricted	Unrestricted
		funds	funds
		2023	2022
Cash funds
Bankaccounts	2	23,018	60,424
		23,018	60,424
Othermonetary assets
		panes ESE Ae	(6 Se aoa
Investments assets
Shares	3	642,383	714,100
		642,383	714,100
Fixed assets
Land& buildings Fixtures & fittings Plant& machinery Computerequipment		4,500,000 12,460 18,208 468	4,500,000 12,460 13,500 0
		4,531,136	4,525,960
TotalAssets		5,196,538	5,300,484
Liabilities		0	0
		5,196,538	5,300,484

Signed on behalf of the trustees

‘ \ « —2. ee ae a on elul22... Ls Sl. 28/0/23...

Page 3

John Eaton's Almshouses Year Ended 31 January 2023

Notes to financial statements

		2023	2022
1.	Sundry expenses
	Accountancy Subscriptions	1,290 448	1,290 349
	TV License Advertising	38 0	23 0
	General expenses	1,452	0
	Professional fees	11,238	12
	Postage & stationery	599	360
	Xmas gifts & expenses Donations& gifts	2,050 0	1,750 0
	Bank charges	345	335
	Contributions to residents	6,200	0
		23,659	4,118
2.	Cash funds
	Main Fund -CurrentAccount Main Fund - Deposit Account ERF Fund - CurrentAccount	(2,392) 13,518 532	(1,154) 52,869 586
	ERF Fund - DepositAccount Pettycash	11,089 270	7,859 263
		23,018	60,424

Page 4

John Eaton's Almshouses Year Ended 31 January 2023

Notes to financial statements

		2023	2022
3.	Shares
	Marketvalueofinvestments broughtforward Profit /(loss) on sharedisposals during theyear Movement inmarketvalueofshares heldatyearend Sharedisposal proceeds not re-invested Charges/fees Marketvalueofinvestments carried forward	714,100 (3,864) (18,964) (39,900) (8,988) 642,383	692,185 2,600 28,333 0 (9,018) 714,100
	ERF Fund
	Diageoord28p Merian InvestmentManagement Vodafoneord$0.21 Treasurystock2.50%07/2024 HalmaOrd10p Wharehouse ReitPlcOrd 1p Vanguard Funds FILInvSvcsUKFidelityAsia LazardGlobal HermesGlobal Emerging Markets HipgnosisSongs Treasurystock 1.25%03/2026 PremierPortfolio European PremierPortfolioUSsmallercompanies Baillie GiffordJapanese FILInvSvcsUKSpecSituations AngloAmerican$0.54945 PolarCapFunds Cash heldwith investors	9,327 0 1,697 16,449 10,630 7,103 37,977 14,263 22,244 9,416 9,984 12,621 6,925 13,464 16,432 30,222 4,957 15,225 360	9,868 31,530 2,369 16,268 12,358 11,142 38,483 14,910 22,032 10,104 14,172 12,739 7,324 20,304 17,233 15,239 0 0 18,273
		239,296	274,348

Page 5

John Eaton's Almshouses Year Ended 31 January 2023

Notes to financial statements

		2023	2022
3.	Shares (cont)
	Main Fund
	Glaxosmithkline ord 25p Prudential Corporation ord 5p HSBC Holdings $0.50 BHP Billiton $0.50 UnileverOrd 3.1111p Rio Tinto ord 10p Bbgi Sicav ord Npv Astrazeneca ord $0.25 Schroders £1 Blackrock Fm Ltd Treasury stock 1.875% 22/11/2022 AXA Investment Man US Polar Capital Fund Healthcare JP MorganAm UK Ltd - Emerg markets GCP InfrastructureOrd shares 1p PolarCapital Global Ord 5p Vodafone ord $0.21 BMO Commercial Ord 1p Reix 14.44p Schroder Unit Trust European Reckitt Benck Ord 10p Schroder Unit TrustAsian Valu-Trac Investments Trojan Invs Premier Portfolio US Opportunities Target Healthcare Ord GBP1 Royal London Threadneedle Gemcap Investment Compass Group Ord 11.05p Brown Advisory Funds Pantheon Infrastru Ord 1p Pantheon Infrastru Sub 1p H20Am LLP JupiterBonds Muzinech Funds Schroders £0.20 Cash held with investors	0 6,699 10,772 12,722 6,369 9,606 14,847 5,296 0 18,373 0 11,910 9,968 12,900 0 4,076 2,540 7,232 6,844 20,161 0 17,963 18,603 16,196 29,021 8,105 16,253 33,101 31,841 7,628 23,946 5,748 0 0 13,011 13,657 7,306 393	5,832 6,179 9,528 10,564 5,871 7,882 16,769 20,249 8,780 18,088 10,787 12,827 8,412 13,794 6,644 12,600 3,546 10,441 6,467 20,281 6,311 17,839 18,521 16,268 27,787 11,490 19,144 18,468 30,038 6,592 25,358 5,416 56 14,491 0 0 0 6,432
		403,087	439,752
		642,383	714,100

Page 6

John Eaton's Almshouses Year Ended 31 January 2023

Accounting policies

1. Accounting convention

The accounts have been prepared using the receipts and payments basis.

2. Investments

Shares are included in the statement of assets and liabilities at their market value at 31 January 2023.

3. Land and Buildings

The land and buildings is included at the Market Value of £4,500,000 as valued by MBA Lettings & Property Management in January 2022

Page 7

Independent examiner's report on the accounts

Report to the trustees / members of John Eaton’s Almshouses, registered charity 228490. On accounts for the year ended 31 January 2023. Set out on pages 2 — 7.

| report to the trustees on my examination of the accounts of the above charity ("the Trust") for the year ended 31 January 2023.

Responsibilities and basis of report

As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act").

| report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, | have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: ® accounting records were not kept in accordance with section 130 of the Act; or e the accounts do not accord with the accounting records

| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

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Signed: Ro Lr Apseciortes Lt Date: Zb [4 | 25
Name: R L & Associates Limited
Chartered Accountants
Address: CFC House
Woodseats Close
Sheffield, S8 OTB ‘
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(

Page 8

2023-01-31-accounts

Section A

Reference and administration details

Charity name

John Eaton’s Almshouses

Names of the charity trustees who manage the charity

Names and addresses of advisers (Optional information)

Description of the charity’s trusts

Section C

Additional details of objectives and activities (Optional information)

Achievements and performance

Further financial review details (Optional information)

Section F

Other optional information

Section G Declaration

John Eaton's Almshouses

John Eaton's Almshouses Year Ended 31 January 2023

Contents

Receipts & Payments account

John Eaton's Almshouses Year Ended 31 January 2023

Statements of Assets & Liabilities

Notes to financial statements

John Eaton's Almshouses Year Ended 31 January 2023

Notes to financial statements

Notes to financial statements

John Eaton's Almshouses Year Ended 31 January 2023

Accounting policies

1. Accounting convention

2. Investments

3. Land and Buildings

Page 7

Independent examiner's report on the accounts

Responsibilities and basis of report

Independent examiner’s statement