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
2|PatriciaRobson | | sd Trustees
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5 Kathleen Trustees
Smallwood
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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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Elizabeth Mooney
PO
## 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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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.
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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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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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# John Eaton's Almshouses
Registered Charity 228490
Accounts for the Year Ended 31 January 2023
## John Eaton's Almshouses Year Ended 31 January 2023
## Contents
||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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## 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...
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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|
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## 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|
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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|
:
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## 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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