Charity Number: 236424 Regulator of Soclal Houslng Re815tTation Number: A0746 Almshouse As50clatlon Member Number.. 0203 Rogers, Almshouses Report and Flnanclal Statements Forthe year ended 310ecember 2023 Rogers, Almshouses Report and Financial Statements For the year ended 31 December 2023 Contents Page Trusiees. Registered Office and Adviser5 Report ol the Trustees ndependenr Auditor's Report 9-11 siaiemeni of Financial Aciivities 12 Balance Sheet 13 siatement ol Cash Flows 14 Notes to the Financial Staiemenrs 15-22 Rogers. Almshouses Trustees, Registered Office and Advisers For the year ended 31 December 2023 Trustees.. Mr S Holland (Chairl The Very Reverend A Bowerman Mrs J Simpson The Reverend M S Evans The Reveren(J A Garrow Mr M Wright Mr A Kempston-Parkes Mr A McPhee Mr P Foskeir Ms M Siari Mrs L Elliott lappointe(121 November 20231 Règist*r•d Offlce.. Crown Chambers Princes Street Harrogate HGI INJ RegSstered Number.. Charity.. 236424 Regulalor ol Social Housing IRSHI. A0746 Almshouse Association Member Numbef". 0203 Ejtternal Audi¢ors'. Lithgow Perkins Crown Chambers Princes Street Harrogate HGI INJ ankers.. CAF Bank 25 Kings Hill Avenue Kings Hill West Malling Kent ME194JQ Virgin Money 21 James Street Harrogate North Yorkshire HGI IQU Rogers, Almshouses Report of the Trustees For the year ended 31 December 2023 Accounts The Trustees present Iheir annual report and the audited financial statements lor the year ended 31 December 2023. Objectives and public benefit The Charify is an unincorporated Char*iy registered In England and Wales (Number 2364241. a member ol the Nalional Almshouse Association (Number 02031 and is registered wilh ihe Regulalor ol Social Housing IRe8iStration Number A07461 In setting the objectives and plann*ng thè a£tivitiès of the Charily for the year. the Trusiees have given careful consideraiion 10 the Chariiy Comm15510n's general guidance on public benefit. Thè Charity has pursued the principal objeci lor which it wa5 esiab115hed. namely the provisitsn ol accomrnodation lor the qualifying people o18radford and Ha¥ro8ate and the Trustees are saiisfied ihai the Charify delivers charitable aciiviiies lor public benefii. The charity is administered in a¢cordan¢e with a sctrème date 18 October 2019. Managèment and admlnlstratlon ol the Charlty The Charity Is managed by a board ol Trustees providin8 le8al, Iinan¢ial. byildin8, properly management and pastoial A part time adminisiraror Is en8a8ed to support the Trus¢ees. be a first point of coniaci with residents and 10 deal with general administration. Property maintertan¢e and repairs are managed by Ihe Adminisiraior on behalf ol the Trustees. Accounting suppori has been provided by Liih8ow Perkins, Chartered Ac¢ountants. This has included the production ol an annual budget and quarterly accountin8 reporis. Trusiees continue io meet at leasi three limes a year lor lorrnal meetings and meet as "Working Groups" beiween meetin8S to take forward the 5trate81¢ plans of the Tiustees. Residents Rogers. Almshouses is bolh a charity and an organtsation listed on the National Regisier ol Social Hou5in8. It provide5 Iilieen uniis ol accommodation, thirteen two storey houses an¢J Iwo bungalows, for people over sixty year5 01 a8e who live within the Metropolitan 015lri¢i ol Bradlord or Harrogate Disiflct as delined prior io l April 2023. When makin8 decisions about rhe appointments to a Vacancy, the Trustees maintain a balance between residents who came originally from Bradford and residents from Harro8ate To this end. separate 115ts ol applicants are drawn up. Trusiees have iried lo ensure that vacancie5 are allo¢ated to the appllcani mosi Jn need ol ihe accommc*dation at the time that they occur. Two re54den15 Pa55ed away during ihE yeai dnd one resident lefi io move Inio perfflanent CArè One Other properiv became vacant when ihe resident moved to 8rodford. A feasibility Study io eNamine optlOllS Wlth developin8 the rear of the site was commissioned during the year. Three social events were organ15ed for Trustees and residents. The Trusiee5 lake an active Interest in the wellbein8 01 the residents. Three Trustees undertake regular visils 10 residents. No care 15 provided by the Charitv. Rogers, Almshouses Report of the Trustees For the year ended 31 December 2023 Residents Icontinuedl The Trustees are aware ol the governmeni whire paper. A Charter for Social Housing Residents. and have Started to pursue the relevani provisions in so lar as they relate io almshouse5. Property The gardens have been rnaintained throughout the year and continue to give much pleasure to residents as well as providing a haven for butterflies and seeds lor birds well into the winter months. A vacant property was refurbished in 2023 and occupiefl in Decèmber 2023. Trustees The Trustees in ollice during the year are listed on page l. The maximurn number ol Trustees permitted under the scheme of arrangement is 12. Of these three are Ex-officio and seven are Co-opted. The current number ol Trustees is eleven, an Increase of one since 2022. Having agreed changes to the rules of Ihe Charily wilh the Charity Commissioners. the Trustees ère now focusing on developing the Charity. A strategic planning day was held durin8 the autumn of 2023 to prtsvide è Clear focus lor development. The outcomes of thar day ère bein8 implemented. The charity Is a rnember ol the Almshouses Consortium limited. Three trustees are director5 of that cornpany which assists with the administration of development grant5 provided by Homes England. Charges The Trustees set a weekly maintenance charge at a level which 15 expecte¢J to meet the day io day running Costs of the Almshouses and 8rounds. Including the cost of cyclical maintenance and major repairs expendifure As a Housing Association ihe Charity is also required to operate within the 8uidance on reni settin8 provided by ihe Ministry of Housing, Communities and Local Government. which limils the maximum amount 10 be charged and the annual increases In rent. The weekly maintenance charge was increased in linè with allowable charges. Fixed a55et5 The change5 in fixed assets durin8 the year are set out in note 11 of the financ*al 5taternents. Political and charitable donatiofts During the year the Charity made no politic31 or charitable donaiions. Format of accounts Ro8er5' Alrnshouse5 15 a regi51ered provider of housing as well as a registered almshouse chaiity Having reached a decision on the future Strategic diTection as 6n independent charily. the Trustees have deiermined that it is appropriate for the èecounts to be prepared undef the Charities Sratement ol Recommended Pfactice IFRS 1021. Rogers, Almshouses Report of the Trustees For the year ended 31 Detember 2023 Value for monev The Charity's definition ol value lor money is simple, li aims to deliver irs objectives in the m05t cost-elfective way P055ible but en5urin8 that It provides Quality home5 and services that help its residents remain independent. The size ol the Chariiy, at only IS units. makes compari50n a8ain5t others difficult. especially a5 the Regulator doe5 not capiure or publish any Information on a550ciation5 Wlth less than 1.000 properties. Very few associations Ihe sile of Ihe Charily subscribe io benchmarking clubs as the cosis outweigh the beneltrs and are not therefore considered value for tnonev. The Charity prides itself on meeting the needs ol its residents wherever p055ible. This includes installing disabled adaptati()ns even where no external funding Is available. This Increases the repairs cost5 bui reflect5 the purpose ol the Charity which Is to provi¢Je actornmodation to older persons ol limited means. 8y adopting this approach residents are able ro coniinue to live Independently and low levels ol vosds occur. All the properties owned by the Charity are In one location within close walking distance of the town centre and other amenities fhey are well mainiained Isupported by a stock condition Survey undertaken during 2017 and regular review by those trustees with relevani experience and qualificaiionsl and are easy ro lel The Trustees have not Identified any individual properry which is noi adding to the surplu5 being generated. The nature of the almshouses is such ihai the disposal ol an Individual property would not be worthwhile an¢J would potentially impact significantly on the environment created by the Scheme. We are required to calculate and report certain financial metrics for Rogers. Almshouses which are widely re8afded a5 measures of value lor money. In addition. we are required to show how those metrics compare with our own targets and with an appfopriate comparator. Set out below Is a table which records those metrics calculated using Rogers Almshouses. results lor each of the last three financial years. The table also shows targets for those metric5 calculated using rhe Rogers Alrnshou5es' budget5 for the 2024 and 2023 calendar year. Published data to use a5 a comparator ts difficult to find.. the only pvblished data available Is Iof registered providers with between 1,000 and 2,500 residential units as reported In the annex to the Regulator ol Social Housing's G5obal Accounts. We have only IS residential units and therefore comparison wilh that published data 15 Indicative only and rhe result5 are considered by the Trustees as Informative bul not direciional. Value for money IYFM-I metrics Actual 2023 Actual 1022 Aeiual 2021 Target 2024 Target 2023 Sector Median Reinvesimeni New supply delivered Isocial housing uniis I New supply delivered (Non social housing units) Gearing EBITDA MRI Interest Cover Headline social hosing cost per unil Operating Margin Isocial housing lettin85 only Operating Margin loveralll Aeturn on capital employed IROCEI 14.2% 1.1% 48.6% 12.6% 0.0% 0.0% 11.4Yo 0.0% 0.0% 3.7% 0.7Y. 0.0% 0.0% 0.0% 0.0% No debi No debt £3,255 27.3% No debt No debt £4,579 3.2% 3.2% 0.3% No debi No debt No debt No debt No debt No debt £3.455 £6.792 E4.199 12.21% 129.61% 22.2% 12.21% 129 61% 1 22 2% 10.21% 12.71% 2.4% 32.9Wè 171% £5.720 187% 168% 2.1% 2.6Yo The 5ecror Median benchmark data 15 taken Irom the annex to the 2023 Re8ulator OF Social Housing Global Accounts. Rogers, Almshouses Report of the Trustees For the year ended 31 December 2023 Value for money Icontinuedl The VFM metric5 for 2021 record the developrnent of an additional residence at the existing Almshouse site. As a result, we Increased rhe number ol our uniis from 14 to 15 la 7 1% Increa5el In that year at a cost ol approximaiely £235,000 which is 48.6¥o ol the reported value of the Charity's existing fixed assets. Please note. the value of the existing properties Is, the Tru5tee5 believe. considerably in excess of Ihe cost value reported In the Charity'5 balance sheet. In 2022 there was no equivalent developmeni programme and the reinvestment cons1Sted largely of repairs and renewals costs. In 2023 we embarked on the redevelopment of one of our residences at a cost in excess of £75,000 and we plan to invest a broadly similar Sum in 2024 In updating exisiing units but we are actively considering the developmeni of dditional units which we hope will form part of our plans for 2025. The gearing and operational metrics clearly show thai Rogers, Almshouses 15 a small entity with some unique characteristics within the social housing sector. We have no borrowings and therefore pay no interest charges, nor do we have any financial covenants which might otherwise encumber our financial Ireedgm. Further, no Trustee receives any remuneration lor the work which they undertake on behalf of Ihe Charity. As a result of these financial characteristics. the Trustees are able to keep the Charity s operating C0515 to è minimum despite Ihe lact that it5 small S1Le relative to its comparators denies it many opportunities lor ecollornie5 of scale. The small size ol ttte Charity (Joes. however. enable the Trustees to enjoy a c105er connection with the residents and 3 beiier understanding ol their concerns and need5. The Trustees have chosen to prioritise Ihe oualiiv of ihe accornmodation offered to the residenis which might be expected to push the headline cost per unit to a value above ihe secior average5. Despite this, the cost per unit remained si8nilicantly below the sector median In 20231£4,579 against £5.7201 but has risen from the cost Incurred in 2022 as this meiric includes the substantial development costs Incurred. The iargei for 2024 reflects ihe budgeting of further development costs, Ihough the Trustees are confident that the underlying costs of operating the existing almshouses remains significantly below the sector averages. The small negative operating margin and return on capital employed reported in 2021 are the result of positive decisions (he Trustees have iaken io Improve the quality ol the 3CCOfnmtsdation they provide. In 2021 the margin 3nd ROCE were materially impacted by void periods suffered while substantial upgrade work was undertaken in those unit5 ènd the cceleraied depreciation cost5 taken lor è55et5 disposed of as pari of ihe development woik. The Trustees were pleased to report thai, in 2022. the rnargin had Improved and exceeded the sector benchmarks when development work paused. Since 2022. the Trusiees have approved further development work which has Impacied the results in 2023 and Is expectèd to impaci both Ihe operaiing rnargin and relurn on capilal ernployed In 2024 The Trustees believe this Work Is required in the short term to Improve the quality of the accommodation and also to secure the longer-ierm income 5trearn ol the charilv. The financial target5 for the 2024 calendar year are drawn from the budget approved by the Trustees for ihat year. Re5er¥e5 Any surplu5 01 income over expenditure Is added 10 reserves. The results lor the ye3r are set out In the financial statements on pages 12 to 22. During the year the Chaiity reported net Income of £64.505 12022.. £26.5411 which Includes £7,512 Increase12022'. EIO,433 decreasel in the value ol inve5tment5. As a result, total reserves grew to £982,712. The Trustees have determined that Sufficient reserves should be reiained by the charity In order io fund a minimum of six month5 expenditure. Budgeted expendilure for Ihe year to 31 December 2024 Is EIOI.880, consequenily the Trustees are 5alislied that Ihe relained reserves 01 £982,712 comfortably exceed the rninirnum balance of £50,940. £105.940 are regarded as free reserves, alter allowing for funds invested In tangible fixed assets. Rogers, Almshouses Report of the Trustees Forthe year ended 31 December 2023 Investments The Trustees sei aside funds in order to finance future planned expendilure and io provide a contin8enry a8ainst future unlore5een expenditufe. These funds set aside are converted into lower risk invesimenrs which are capable of recovery a5 Iiouid funds within a maximum of two weeks and provide the besi possible return lor the low risk assumed. To the exient Ihai funds are held by the charity In exce55 01 these requi¥ement5, the Tru5tee5 seek 10 invest those fund5 in order to further the aim5 01 the charity, following the spirit of the original aims of Mr George Rogers. The performance of those investments Is ¥eviewed by the Trustees on a Quarterly basis. Maintenance A property survey wa5 carr¢ed out at the end 012017. The survey did not i¢Jentify any major work that was required ro be undertaken. The Trustees will continue 10 monitor the condition ol the properties and deal with fepairs and replacements as necessary. The Trustees intend to ènsure that the Almshouses continue io meer the needs of residents by mainraining rhem to a hi6h standard and, where possible. adapiing them 10 suit Ihe needs of Individual residents a5 their circumstances change. The Trustees ale confident rhar the Almshouses will continue to provide comfortable homes for the residents lor the foreseeable future and they are satisfied rhat the level ol reserves Is adequate to meet the ongoing rnèintenance Statement of the Trustees, re5ponsibilitie5 in respert of the financial 5tatemÈnts The Tru5tee5 are responsible for prepafing the Trustees, Annual Report and the financial Statements in attor¢Jance with applicable law and United Kingdom Accountin8 Standards Iuniied Kingdorn Generally AccepteLI Accounting Practice) The law applicable to charities in England and Wales requires the Trusiees to prepare financial statement5 for each financial year which g1ve a true and lair view ol the stale of affairs of rhe Charily and ol the incoming resources and application of resoufces ol the Charity for that period. In preparin8 these linanc1al statements, the Trustees are required io.. Select Sultable accounting policies and ihen apply them consistently., Observe the rnethods and principles in Ihe siaierneni of Recommended Practice applicable io Charities preparing their accounts In accordance wilh Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021.. Make judgements and estimaies thai are reasonable and prudent- Prepère the financial siaiemenis on ihe 8oin8 concern ba515 unle$5 It 15 inappropriaie to presume thai the Charity will continue In busine55. The Trusiees are responsible for keeping proper accounling recoids thai are sufficieni io show and explain ihe Charily s transactions and disclose wirh reasonable accuracy at any time rhe financial p951tion of the Charity and enable them to ensure thar the financial statement5 cofflply with the Charities Aci 2011. the Housing and Regeneration Act 2008 3nd the Accountin8 Direciion lor Private Registered Provider5 of Social Housing 2020. They are also responsible lor 5afe8udrOin8 Ihe a5se15 01 Ihe Chdriiy and hentE for taking reasonable slep5 for the prevenLion and deieciion of fraud and other irregularities. The Trustees are respon51ble for the maintenance and Integrity of the corporate and financial inlormarion included on the Charity's web51te. Legislatign in the United Kingdom governing rhe preparation and dissemination ol financial statemenis may differ from legislation in other jurisdiction5. Rogers, Almshouses Report of the Trustees For the year ended 31 December 2023 Statement of the Trustees, responsibilitiès in respect of the financial statements Icontlnuedl Disclosure of information to Auditor5 The Trustees who held ollice at the date of approval ol thi5 Report confirm that, so far as rhey are each aware, Ihere is no relevant audit Information of which the Charity's audiiors ère unaware., and each Trustee has taken all the steps that they ought to have taken as a Trustee to make themselves aware of any relevant audit information and to establish that the Charitv's auditors are aware of that Inlormaiion. Statement on the Charit¢5 5yStem of internal tontrol The Trustees acknowledge their overall responsibility, for establi5hin8 and rnaintaining the whole system of internal control and lor reviewing annually Its ellectiveness. The Trustees recognise that no system of internal control can provide absolut8 assurance or eliminate all risk. The 5YStern ol Internal control Is designed to manage risk, and to provide reasonable assurance that the key business objectives and expected outcomes will be achieved. It also exists ro give reasonable assurance about the preparation and reliability ol financial ènd operaiional Information and the safeguarding ol the Charity's assets and Interests. In meeting its responsibilities. the Trustees have adopted a ri5k-based approach to Internal controls. which are embedded within the normal managerneni and governance process. This approach includes the regular evaluation ol the nature and extent ol risks to which the Charity is exposed and is consistent with principle5 Incorporated in gLJidance. The proce55 adopted by the Trustees in reviewin8 the effectiveness ol the 5yStern of internal control, together with some of the key Èlements of the control framework includes.. Identification and evaluation of key risks Responsibiliiy has been clearly defined for the identification, evaluation and control ol Signif￿cant risk5. There 15 an ongoing process ol review by ihe Trustees iri each 3rea of the Charily's activities. The results continue to be reviewed by the Trusiees on a regular basis. Monitorin8 and Cofrective action The Trustees are re5ptsnsible for ensurin8 the process of control through sell-3sse55ment is effective and that reporiing on control 155ue5 provide5 assurance to the Trusrees This includes 3 procedure lor ensuring that effective mon110ring Is in place and that corrective action is iaken in relarion to any significant control i55ues, particularly those with a material Impact on the financial statements. Control environment and tontrol protedures The Tru5tee5 retain responsibility lor a defined range of issues covering strategic, operational, financial. and compliance Issues Including treasury Strategy and new Inve5trnent projecis. Policies and procedures cover such Issues as delegated authorily, segregation ol duties, accounting, Ireasury management, health and Safety, data and asset proiection and fraud prevention and detection. Information and 16nan¢lal reportlng 5Y5t¢rn5 Financial reporting procedufe5 Include detailed budgets for the year ahead. These are reviewed and approved by the Trusiees The Trusree5 3150 review key perlorrnance Indicators regularly to assess progress towards the achievement of key business objectives. tar8e¢s and outcome5. Rogers, Almshouses Report of the Trustees For the year ended 31 December 2023 Audliors A re501ution to re-appoint Liihgow Perkins LLP as the Charily's auditors. will be proposed at the Annual General Meeting. Governance The Trustees have adopted the Charity Ctsmmission's Good Governance Code and abide by it5 Pf1nciples. The TrLJ5tee5 confirm that the Charity £omplie5 Wlth the Regulator of Social Housing's Governance and Financial Viability Standard. Managemeni Day to day responsibility for management of the Almshouses and implementarion ol policy set by the Trustees IS undertaken with Ihe assistance ol Liih8ow Perkins LIP. Chartered Accountant5, who provide èccountlng support and ensure payments are made in a tirnely fashion to suppliefs. A part time administrator also provides support to the Trusiees. As Chairman ol the Trustees, I would like to record my appreciation of the support and hard work of my fellow Trustee5, our administraror and accountant in ensuring that the Charity moves forward In a way ol which I believe our founder would be proud. l a150 record appreciation ol the Trustee5 for the help and support given by Salfer Coopef who provide valuable assistance in helping the Tfilstees to undefstand legislative requirements. Approved by the Trustees on 21 May 2024 MrSCHol Chairperson Independent Auditoes Report to the members of Rogers, Almshouses We have audited the financial statements of Rogers. Almshouses -the chèrily" for the year ended 31 December 2023 which comprise ihe Statement ol Financtal Act1Vltie5. the Balance Sheet, the Cash Flow Statement and the related noies. The finallcial reporting framework that has been applied In their preparat10n is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporiing Standard applicable in the UK and Republic of Ireland" Iunited Kin8dom Generally Accepted AccountTrng Practicel. We have been appointed as auditor under section 144 of rhe Charitie5 Act 2011 aftd report in accordance wilh the Aci and relevant regulations made or having effect thereundef. In our opinion. the financial statements-. give a true and fair view ol the slate of the charity'5 affair5 as ai 31 Oecember 2023 and of it5 Incoming resources and application ol resource5. including it5 incorne and expenditure for rhe year then ended. have been properly prepared In accordance with United Kingdom Generally Accepted Accounting Practice and have been prepared In accordance with the requirement5 of Charities Act 2011. the Housing and Regeneration Act 2008 and the Accouniin8 Oireciion lor Private Registered Providefs of Social Housing 2019. Basis lor opinion We conducted our audit In accordance with Internaiional Standards on auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described In the Auditor's respon51bilities for the audit of the financial Statements section ol our report_ We are independent of the Associaiion In accordance with the ethi£al requirements that are relevant to our audit of the financial siaiement5 In the UK. tncluding the FRC'S Ethical Standard and we have fulfilled our oiher ethical respon51bilities In accordan£e with these requirements. We believe that the audit evidence we have obtained Is sufficienr and appropriaie to provide a basis for our opinion Conclu5ion5 relatin8 to going concern We have nothing to report to you In respeci ol the lollowing matters in relation to which the ISA5 IUKI require u5 to report to you where.. the trustees, use of the goin8 concern ba51s ol accounting In the preparation of the financial staiemeni Is not appropriate., or the trustees have not disclosed in the financial staiemenis any Identified rnaterial uncertainties that may cast significant doubi about the charity's ability to continue to adopi the Boing concern ba515 of account1ng for a period of at leasi twelve months from the date when the financial siarement5 are authorised for Issue Other information The other information comprises the Inlormaison included In the Report ol the Trustees. other than the financial Statements and our auditor's report thereon. The trustees are responsible lor the other information. Our opinion on Ihe financial statements does not cover the orhef Information and, except to the extent otherwise explicitly stated In our report, we do noi express any form of assurance conclusion thereon_ Independent Auditorfs Report to the members of Rogers. Alrnshouses Matter5 Qn which wè art required to report by exception We have nothing to report In regpeci of the following matters in relation io which the Charities (Accounts and Reports) Regulations 2008 reouires us to reporr to you if. in our opinton". the information given in the financial statements 15 inconslstent In any material respect with the tf115tees' report." or the charity has not kept proper accounting records.. or the financial statements are not in agreement with the accounting fecords., or we have not ieceived all the information and explanations we require for our audit. Responsibilities of trustee5 A5 explained more lully In the Statement of Trustees. Responsibilities ser oui on pages 7 and 8, the trustees are responsible for the preparation ol the financial 5tatement5 and lor being satisfied that they give a true and lair view. and lor such internal control ès the trusiees determine is necessary to enable rhe preparation of financial statements that are free from rnaterial m155tatement. whether due to frau¢J or effor. In preparing Ihe financial siaiemenis. Ihe Irusiees are responsible lor assessing the charitV'5 ability to continue as goin8 concern. disclosin& a5 applicable. matrers relaied to going £oncerfF and u5in8 the 8oin8 concern basis ol accounting unless the Irustees either intend to liquidate the charity or to cease operations. or have no realistic alternative bur to do so. Auditorfs responsibilitie5 for the audit of the financial statèments Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material rnisstatement, whether due to fraud of error. and ro issue an auditor's report that Include5 our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a rnaterial misstatement when it exists Misstatements can arise from fraud or error and are considered material Il, Individually or In the aggregate, they could reasonably be expected 10 influence the economic decisions of users taken on the basis ol these financial statements. A further description ol our responsibilities For the audii of ihe financial statements is located on the Financial Reportin8 Council's website at.. www.ffc.org.uklauditor5rÈsponsibilities. This description lofms part ol our auditor's report. The extent to whith the audit was considered ¢apable of detectin8 irregularities including fraud We Identify and a55es5 the risks of material misstaiemeni of the financial siaremenis. whether due io fraud or error, and then design and perform audif procedures responsive ro those risks, Including obtairling audit evidence that 15 sufficient and appropriate to provide a basis for our opinion_ In identifyin8 and addressing risks of matefial misstatement in respect of irregularities. including fraud and non- compliance with laws and regulations. our procedures included the following". We obtained an understanding ol laws. regulations and gvidance that affect the charily. focusing on those that had a direct effect on thp financial siatements or that had a fundamental Èffèct on Ils OPQfaiion< K*y law%. regulations and guidance that we Identitied Included the Statement ol Recommended Prattice lor registered hou51n8 providers." HousinB SORP 2018, the Housing and Regeneration Act 2008, tam le8islation and safety le8islation. We enquired of the trustees, and reviewed correspondence and board meetin8 minute5 for evidence of non- compliance with felevaftt lèws and regulations. We also reviewed controls ihe trustees have in place, where necessary. to ensu¥e compliance. io Independent Auditorfs Report to the members of Roger< Almshouses We gained an understanding of the controls that the irustees have in place to prevent and detect fraud. We enquiied of the trustees about any incidences of fraud that had taken place durbn8 the accounting period. The risk of fraud and non