Trustees. Annual Report for the period Period start date Period end date From 2024 Section A Reference and administration details Charlty namo John Eaton's Almshouses Other names charity is known by Registered charity number (If any) 228490 Charlty's principal address OFFICE, Flat 1, 31 John Eaton's Almshousès Bunling Nook, Sheffield Postcode S8 8JU Names of the charlty trustees who manago the charity Trust9• name Offlcè lif any) Oatss acted if not for whole ear Chair Namè ol wson lor body) entitled oint trustee Ffan Trustees James David Priestley Patricia Robson Trustees Sarah Sanders Kathleen Smallwood Elizabeth Mooney James Mooney Clive Smallwood John Sanders Secretary Trustees Trustees Trustees Trustees Trustees Truste85 10 12 13 14 15 16 17 18 19 20 Names of thè trusteès for the Charity, if any, (for example, any custodian trustees) Name Dates acted If not for whole ear James David Priestley Sarah Sanders TAR March 2012 Elizabeth Mooney Names and addresses of advisers (Opllonal inforniatlon) of advtser Name Addre Stockbrokers Investec 61 Napier Street,Sheffield ,S118HA CFC House, Wo¢xlseats Close, Sheffield ,S8 OTD Accountants R & L Associates Name of chief executlve or names of senior staff members (Optional Infonnatlon) Section B Structure, overnance and mana ement Description of the charlty's trusts Type of governing document Scheme of 13th April 1978 as amended 14 December 1994 How the charity is constituted In accordance with the scheme & legislation Truslee selection methods In accordance with the scheme Addltlonal governance issues (Optional infomiation) You may choose to include additional infomiation, where relevant, about.. policies and Pro￿dureS adopted for the induction and training of trustees., the charily's organisational structure and any wider network with which the charity works., relationship with any related parties., trustees, consideration of major risks and the system and procedures to manage them. Section C Ob"ectives and activities Almshouses for needy persons not less than 60 years of age who have lived in Sheffield for the last three y6ars. Summary ofthe objects ofthe charity set out In its governlng document TAR 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 fil 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 wFth the Charity commissions consent to vary these requirements as lo 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 publlc benefit in relation to these objects (include within this section the statutory declaration that trustees havo had regard to the guidancè issued by the Charity Commission on public benefit Additional details of objectlvès and actlvltles (Optional Infonnation) You may choose to include further statements, where relevant, about.. policy on grantmaking., policy programme related investment., contribution made by volunteers. TAR March 2012 Sèction D Achievements and performance The trust has continuèd to maintain the a¢commodation to a high standard. Most repairs and improvements are met from income although the recent rise in costs has meant that using reserves from investments to cover the costs of site improvements 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 bungalows 2 first floor flats and 1 ground floor flat for the resident warden. Major refurbishments are usually only carried OLrt when a unil is vacant to minimise disruption for the res￿dentS. Summary ofthe main achievemènts of the charity during the year TAR March 2012 Section E Financial review Brief sLitement of the charity's policy on reserves Our investment reserves were £610,393 at the year-end which was down irca £31,990 from last year. The decrease is partly due to trustees using reserves to cover the cost of site improvements and also due to a fall in the stock market at the time. Our cash reserves were £7,457 at the year end. It is intended lo use part of the reserves this year for maintenance and other improvements. Detsils of any funds materially in deficit Further financial revlew detslls (Optional Infomiation) You may choose to include additional information, where relevant about.. the charity's principal SOLsrGes of funds {including any fundraising>', how 8xpenditure has supported the key objectives of the charity., investment policy and objectives including any ethical investrnent policy adopted. Section F Other optional information Section G Declaration The trustees declare that they have approved thè trustees, report above. Signed on behalf of the charlty's trust Signature(s) Full namels) Posltlon {eg Secretary, Chair, etc} Date z+ TAR March 2012 John Eaton's Almshouses Registered Charity 228490 Accounts for the Year Ended 31 January 2024 John Eaton's Almshouses Year Ended 31 January 2024 Contents Page Receipts & payments account Staternenl of assets & liabilities Notes Accounting policios Independent exarninerfs report Pa9• 1 John Eaton's Almshouses Year Ended 31 January 2024 Receipts & Payments account Notès Unrestrictod funds 2024 Unrestri¢tsd funds 2023 Receipts Maintenance Charges 97,063 e6.011 Ground ￿nts 126 130 Oividend incorne from shares held 13.783 13.8B2 Income from pension fund Other incorr 200 Bank interest ree¢ive 216 101 111,1B8 100,324 Income from investment salè$ not reinvested 25,000 39,900 Total receipts 1J6,186 140,224 Paymènts Rates & water rates 8,524 4,929 In$uranr <048 4,437 Prop8rty ￿pairS, tools & maintenan 65.247 77.793 Maintenanc8 of grounds Gas & Ek¢tri¢rty Telephone 16.430 17,671 7,957 6,523 3,094 1,516 Wages Pension 18,932 19,693 847 Secretary ¢harg8S Sundry expenses 20.277 18,333 6,394 23,669 151,749 17{464 Asset and Investment purchases 5,176 Total payments 161,749 177,630 Net of re¢eiptsl{paymentsl Transf&rs between funds 1IS,S611 37.4061 Cash fund$ last year end Cash funds this year end 23,018 60,424 7,457 2J,016 Page 2 John Eaton's Almshouses Year Ended 31 January 2024 Statements of Assets & Liabilities Unrestricted funds 2024 Unrestrlcted funds 2023 Cash funds 8ank accounts 7,457 23,018 7,457 23,018 Othar monetary assets Investments assets Shares 610,393 842.383 610,393 642,383 Fixed assets Land & buildings Fixtures & fitting8 Plant & machinery Computer equipment 4,500,000 12.460 18.208 468 4,531,136 4,500,000 12,460 18,208 468 4,531,136 Total Assets 5,148,986 5,196,538 Liabilities 5,148,986 5,196,538 Signed on behalf of the trustees Dale 081e Page 3 John Eaton's Almshouses Year Ended 31 January 2024 Notes to financial statements 2024 2023 Sundry expenses Accountancy Subscriptions TV License Advertising General expenses Professional fees Postage & slalionery Xmas grfts & expenses Donations & gifts Bank charges contribut￿n$ to ￿sIdentS 1,290 797 30 1,290 448 38 1,313 1,023 28 1,600 1,452 11,238 599 2,050 315 345 6,200 6,394 23,659 Cash funds Main Fund- Current Account Main Fund- Deposit Account ERF Fund - Current Account ERF Fund - Deposil Account Petty cash 566 4,683 564 1.340 304 {2,3921 13.518 532 11,089 270 7.457 Page 4 John Eaton's Almshouses Year Ended 31 January 2024 Notes to financial statements 2024 2023 3. Shares Market value of investments brought forward Profit I Ilossl on share disposals during the year Movement in market value of shares held al year end Share disposal protseds not re-invested Charges I fees Market value of investments carried forward 642,383 17.972} 9,489 125,0001 8,507 610,393 714,1QO 13,8641 118,9641 139,9001 8,988 642,383 ERF Fund Diageo ord 28p Vod8fone ord $0.21 Treasury slock2.50'kn 0712024 Halma Ord 10p Wharehouse Reil PIC Ord 1 p Vanguard Funds FIL Inv Svcs UK Fidelity Asia Lazard Global Hermes Global Emerging Markets Hipgnosis Songs Treasury stock 1.25Qh 03r2026 P￿rnIer Portfolio European Premier PortFolio US smaller ¢ompanies Baillie Gifford Japanese FIL Inv Svcs UK Spec Situations An910 American $0.54945 Polar Cap Funds M&G Inveslmènl Fund Hermes Global Far East Markets Legal & General Unit Trusts Abrdn Oeic Fidelty Investment Funds Schroder Unit Trusts Cash held with investors 7,580 9,327 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 7,783 5.809 37.877 16,017 8,169 8,286 8,307 15,988 15,821 9,278 24.702 17.643 30.773 10,219 2,898 227,150 360 239,296 Page S John Eaton's Almshouses Year Ended 31 January 2024 Notes to financial statements 2024 2023 3. Shares Icontl Main Fund Prudential Corporation ord 5p HSBC Holdings $0.50 BHP Billilon $0.50 Unilever Ord 3.1111p Rio Tinlo ord 1 Op Bbgi Sicav ord Npv Astrazeneca ord $0.25 Blackrock Fm Ltd AXA Investment Man US Polar Capital Fund Healthcare JP Morgan Am UK Ltd- Emerg markets Polar Capital Global Ord 5p Vodafone ord $0.21 BMO Commercial Ord 1p Reix 14.44p Schroder Unil Trust European Schroder Unil Trust Asian Valu-Trac Investments Trqan Invs Premier Portfolio US Opportunities Target Heallh¢are Ord GBP1 Royal London CT (Lux) Gemcap Investment Compass Group Ord 11.0Sp Brown Advisory Funds Pantheon Infrastru Ord 1p Jupiter Bond$ uzinech Funds Schroders £0.20 Invesco European Ishares BA Beutel Goodman Findley Park Legal & General Unrt Trusts UK Govt 0.125'/0 BH Macro Cash held with investors 4,093 11,166 6,699 10.772 12,722 6,369 9,606 14.847 5,296 18,373 11,910 9,968 12,900 4,076 2,540 7,232 6,844 20,161 17.*3 18,603 16.196 29.021 8,105 16,253 33,101 31,841 7,628 23,946 5,748 13,011 13,657 7.306 5,964 8.365 12,681 5.251 14,985 12,074 10.848 12,307 8,914 9,298 16.210 15,503 8,395 25,178 27.901 28,536 8,605 14,658 5,242 13,752 18,826 6,125 14,627 11,240 8,012 17.816 15,267 13.404 383,243 393 403,087 610,393 642,383 Page 8 John Eaton's Almshouses Year Ended 31 January 2024 Accounting policies l. Accounting convention The accounts have been prepared using the receipts and payments basis. 2. Investments Shares ar8 included in the statement of assets and liabilrties al their markel value al 31 January 2L)24. 3. Land and Bulldlngs The land and buildings is included al 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 I members ol John Eaton's Almshouses, registered charity 228490. On accounts for the year ended 31 January 2024. Set Dut on pages 2- 7. I report to the tru3tees on rny examinaty'on of the accounts of the above charity I'the Trust") for the year ended 31 January 2024. Re$ponsibilities and basis of rèport As the charity trustees of the Trust, you ar6 185ponsible for the preparation of the accounts Sn a¢cordaneè with the iequirement5 of the Charities Act 20111.the Act i. I report in respect of my examination ol the Trust's accounts cairied out under section 145 of the 2011 Act and in cairying out my èxamination. I have followed the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independoftt ?xamlner's statement I have completed my examination. I confirm that no material matters have COMÈ to my attention in connection with the examination which gives me cause to believè that in, any matèrial respeet.. accounting records were not kept in aGcordance with section 130 of the Act.. or the accounts do not accord wrth the accounting record5 I have no concerns and have ¢orne across no oth8r matter5 in connèction Trmth the ex&mination to which attents.on should ba drawn in order to enable a proper understanding of the accounts to be reached. Signed.. Date.. Namo.. R L & Associates Limited Chartered Ac¢ountsnts Addros$: CFC House Woodseat5 Close Sheffiel(f, S8 OTB Pag8 8