Trustees, Annual Report for the period pen1 stsrt date Period end date 2024 2025 From Section A Reference and administration details Charlty name John Eaton's Almshouses Other names charlty Is known by Regl$tered charlty number lif any) 228490 Charity's prlncipal addrass OFFICE, Flat 1, 31 John Eaton's Almshouses Bunting Nook, Sheffield Postcode S8 8JU Nam•8 of the charity trustees who manage the charlty Trustso nam• Date8 #Cted If not for whole Offlce Ilf any) Name Of pèrBon lor body) entttl•d toa int tru8tsè if a Truste8S James David Priestley Patricia Robson Chair Passed away 2rf August 2024. Trustees Sarah Sanders Kathleen Smallwood Elizabeth Mooney James Mooney Clive Smallwood John Sanders Secretary Trustees Trustées Trustees Trustees Trustees Trustees 10 12 13 14 15 16 17 18 19 20 Names of the trustèes for the charlty, If any> (ft>r examplo, any custodlan trustees) Name Dates acted if not for wholo ear James David Priestley TAR March 2012
Sarah Sanders Elizabeth Mooney Names and addresses of advisers Ioptlonal Infomiation e of advlser Name Addre Stockbrokers Inv8Stec 61 Napier Street ,Sheffield ,S118HA CFC House, Woodseats Close, Sheffield ,S8 OTD Accountants R & L Associates Name of chlef executlve or names of sonlor staff members (Optional Infomiation) Section B Structure, overnance and mana ement Descrlptlon of thè charlty's trusts S¢heme of 13th April 1978 as amended 14th Dember 1994 Type of goveming document How th8 charity is constitutéd In accordance with the scheme & legislation Trustee selection methods In accordance with the scheme Addltlonal governance i$$ue$ (Optional inforniation You may choose to include additional information, wherè relevant, about.. policies and pro¢edures adopted for the induction and training of trustees., the charity's organisational structure and any wider neOrk with which the charity works., relationship with any related parties., trustees, consideralion of major risks and the system and procedures to manage them. Section C Ob"ectives and activities TAR March 2012
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 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 schemè with the Charity commissions consent to vary these requirements as to the18ngth and area of residence. This is a non-profit making organisation. The trustees are aware of and have had règard to the guidance issued by the Charity Commission on public benefit. Summary of tho maln activities undertaken for tho public benefit In relation to these objects (include within this section the statutory de¢larallon that trustees have had regard to the guidance Issued by tha Charlty Commisslon on public benefit Additional detalls of obiéctives and actlvltffiè8 (Optional Infonnation) TAR Marth 2012
You may choose to include further statements, where rèlevant, about.. policy on grantmaking., policy programme related investmerrt; contribution made by volunteers. Section D Achievements and performance TAR March 2012
Section D Achievements and performance The trust has continued to maintain the accommodation 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 sile improvements has been necessary this year. The site is usually fully occupied, and we continue to have more applicanls 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 out when a unit is vacant to minimise disruption for the residents. Summary of the main achievements of the charity durlng the yèar TAR IAarth 2012
Section E Financial review Our investment reserves were £644,812 at the year-end which was up circa £34,419 from last year. The increase is due to a small rise in the stock market at the time. Our cash reserves were £5237 at the year end. It is intended to Use part of the resenies this year for maintenance and other improvements. Brlef statsment of the charity's policy on reservos Details of any funds matsrlally in deficit Further flnancial review details (Optional information) You may choose to include additional information, where relevant about.. the charity's principal sources of funds (including any fundraising)., how expenditure has supported the key objectives of the charity. 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. Slgn•d on half of the charity's trustee8 Signature(s) Full name(s) Position leg Secretaryp Chair, et¢) ELI2EtrI TAR March 2012
John Eaton's Almshouses Registered Charity 228490 Accounts for the Year Ended 31 January 2025
John Eaton's Almshouses Year Ended 31 January 2025 Contents Page Receipts & payments account Statement of assèts & liabilities Notes Accounting policies Indtspendenl examinerfs report Page 1
John Eaton's Almshouses Year Ended 31 January 2025 Receipts & Payments account Notes Unrestricted funds 2025 Unr&strict•d funds 2024 Receipts Maintenance tharges Ground renis 10B.B26 97.063 194 126 Dividend incom8 from shares held 14.290 13,783 In¢orTE from pension fund Other incorn8 Bank iDtere51 received 1S6 21$ 123,466 111.188 Income from investment salos not reinvested 20.000 25.000 Totsl receipts 143.466 136,188 Payments Rates & water rates 9,680 8.524 Insurance 4.048 Property r8pairs. tools & maintenanGe 57,191 66.247 Maintenance of grounds Gas & Electricty Telephone 17,264 16,430 12.342 7,957 2,266 3,094 Wages 20,092 18.¥32 Pension 920 847 $8crelary charges Sundry expense5 20,000 20,277 7,591 6,354 147,346 151.749 Asset and investment purchases & sales 11,6601 Total payments 146,686 161,749 Net of receiptsllpaymentsl Transfers b&tW&on fund$ 12,2201 Cash funds last year end Cash funds this year end 7,467 23,018 5,237 7,457 Page 2
John Eaton's Almshouses Year Ended 31 January 2025 Statements of Assets & Liabilities Unrestricted funds 2025 Unrestricted funds 2024 Cash funds Bank accounts 5.237 7.457 5.237 7.457 Othèr monetary assets Investments asstrts Shares 644,812 610,393 644,812 610,393 Fixed assets Land & buildings Fixtures & fitting5 Plant & machinery Computer equipment 4,500.000 12,480 13,048 468 4,525,976 4,500,000 12,460 18.208 468 4.531,136 Total Assets 5,176,025 5,148,986 Liabilities 5,176,025 5,148,986 Signed on behalf of the trust•g$ Date . Dale Page 3
John Eaton's Almshouses Year Ended 31 January 2025 Notes to financial statements 2025 2024 Sundry gxpgnses Accountancy Subscriptions TV License Advertlsing General expense5 Professional fees Postage & stationery Xm8s gifts & expenses Donations & grfts Bank charges Contributions lo residents 1,290 40 30 1,290 797 30 1.160 2,842 160 1,706 20 343 1,313 1,023 26 1,600 315 7.591 6,394 Cash funds Main Fund - Current Account Main Fund - Deposit Account ERF Fund Current Account ERF Fund - Deposit A¢¢ounl Petty cash 580 3,030 504 1,049 74 566 4,683 564 1,340 304 5,237 7,457 Page 4
John Eaton's Almshouses Year Ended 31 January 2025 Notes to financial statements 2025 2024 3. Shares Market value of investments brought fOnard Profit I Ilossl on share disposals during the year Movement in market value of shares held at year end Share disposal proceeds not re-invested Charges I fees Market value of investments carried forward 610,393 10,828 52,978 120,0001 9,386 644.812 642,383 17,9721 9,489 125,0001 8,507 610,393 ERF Fund Diageo ord 28p Halma Ord 10p WharehoLJse Reit PIC Ord 1p Vanguard Funds Lazard Global Hermes Global Emerging Markets Hipgnosis Songs Anglo American $0.54945 Polar Cap Funds M&G Investment Fund Hermes Global Far East Markets Legal & General Unil Trusts Abrdn Oeie Fidelity Investment Funds Schroder Unit Trusts JP Morgan ETFS - UK equity JP Morgan ETFS - US Re Equity Cash held with Investors 6,410 7,580 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 48.450 20.482 9,303 18,966 17,610 11,568 23.845 17,462 30,125 11,052 19.673 17,752 7,024 259.722 2.898 227,1 $0 Page 5
John Eaton's Almshouses Year Ended 31 January 2025 Notes to financial statements 2025 2024 3. Shares Icontl Maln Fund Prudential Corporation ord 5p HSBC Holdings $0.50 Unileverord 3.1111p Rio Tinto ord 10p Bbgi Sicav ord Npv Asliazene¢a ord $0.25 8lackrock Fm Ltd AXA Investment M8n US Polar Capital Fund Heallh¢are JP Morgan Am UK Ltd - Emerg markets BMO Commercial Ord 1p Reix 14.44p Schroder Unit Trust Asian Premier Portfolio US Opportunities Target Healthcare Ord GBP1 Royal London Columbia Threadneedle Gemcap Investment Compass Group Ord 11.0Sp 8rown Adv1sory Funds Pantheon Infrastru Ord 1p Muzinech Funds Invesco European Ishares BA Beutel Goodman Findley Park Lega1 & General Unil Trusts UK Govt 0 125% BH Macro UK Got 3.25Q JP Morgan ETFS- US Rei Equity Premier Milon Investment Funds International Public Partnership Cash held with investors 4.093 11,166 5,964 8.365 12.681 5,251 14,985 12.074 10.848 12,307 6,914 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 7,950 7,435 11,749 5,673 16,632 11.648 13.205 11,473 18,386 8.660 25,513 21,403 30,616 11,026 17,648 5,461 18,851 5,791 16.425 13,215 7,734 18,540 7,805 27,954 11,152 18,161 6.249 8,735 385,090 13,404 383,243 644,812 610,393 Page 6
Independent examiner's report on the accounts Report to the Irustees I members of John Eaton's Almshouses, registered charity 228490. On accoutFIs for the year ended 31 January 2025. Set out on pages 2- 7. I report lo the Iruslees on my examination of the accounts of the above ch8rty I'the Trusf'i lor the year ended 31 January 2025. Responslbilities and basis of report As the charity Iruslees of the Trust. YOU 8re responsible for the preparation of the accounts in ccordance wth the requirements of the Charities Act 2011 1 the Act'i. I report in respect ol my exarnination of th8 Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my exarninalion. I have followed the applicable Directions given by thè Charity Cornmission under section 1451Sllbl of the Act. Independent examlner'5 8tatement I have completed my examination. l ¢onfirm that no material matters have Come to my attentt'on in connection with the examination which gives me cause to believe that in. any materi81 respect.. accounling record5 were not kept in ac¢ordance with section 130 of the Ael.. or the accounts do not accord with the ae¢ounting records I have no concems and have come across no other matters in connection with the examlnalion to which attention should be drawn in order to enabl8 a proper understanding of the accounts Its be reached. Signed.. Oate-. Name: R L & Associates Limited Chartered Accountants Address: CFC House Woodseals Cbse Sheffield. S8 OTB Page 8