Charity Numbpr.. 236424 Re8ulator of 5oclal Housl Registratlon P4umber.' A0746 mshouse Assocl•tion Member Number: 0203 Rogers. Almshouses Report and Financial Statements For the year ended 31 December 2024 Rogers, Almshouses Report and Flnancial Staternents For the year ended 31 December 2024 Contents Trustee5. Registered Office and Ad¥i5er5 Report of the Trustees Independent Auditorfs Report 9-11 Statement of Financial Artivities 12 Balance Sheet 13 Statement ol Cash Flows 14 Note5 to the Finanti31 Statements IS-22 Rogers, Almshouses Trustees, Reglstered Office and Advisers For the year ended 31 December 2024 TrusteÈs- Mr S Holland (Chairl The Very Reverend A Bowerman Mrs J Simpson Iresi8ned 3 December 20241 The Reverend M S Evans The Reverend A Garrow Mr M Wri8ht Mr A Kempston-Parkes Mr A McPhee Mr P Foskett M5 M Start Iresigned 21 May 20241 Mrs L Elliott The Reverend M G Price lappointed 3 December 20241 Mrs R A Wri8ht13ppointed 17 September 20241 Mr R B Elliott (appointed I September 2024. resigned 8 April 20251 Mrs G Parkin lappoinled 18 Marth 20251 ReBlstered OfFlce: Crown Chamber5 Princes sireet H3frogate HGI INJ ReOstered Numbef: Charity.. 236424 Re8ulator of Social Housin8 IRSHI.. A0746 Almshouse Asswation Member Numbef.. 0203 Exlernal Auditots: Lithgow PerkFn5 Crown Chambers Princes Street Harrogate HGI INJ Bankers.. CAF Bank 25 Kings Hill Avenue West Mallin8 Kent ME19 4JQ Wifgin Money 21 James Stfeei Harrogate North Yorkshire HGI IQU Rogers, Almshouses Report ot the Trustees For the year ended 31 December 2024 Accounts The Trustee5 Present their annual report and the audited financial Statements for the year ended 31 Ctrecernbef 2024. OblertTrves and publlc benefft The Charity is an unincorporated Charity registered in England and Wales (Number 2364241, a membe¥ ol the National Almshouse Association (Number 02031 and 15 registered wtth the Regulalor of Social Housing IReBi5tration Number A07461. In setting the objective5 and plannrng the activities of the Charity for the year. the Trustees have given careful consideration to the Charity Commission's general Buidance on public benefit. The Charity has pufsued ihe principal object fof vthich it was established, namely the provision of accommodation for the qualifying people of Bradford and Harro8ale and the Trustees are 50tisfied that the Charity delivers charitable activities for public benefit. The charity is administered in accordance wilh a scheme date 180ctober 2019. ManaBement and admlnlstratlon of the Charlty The Charity is mana8ed by a board of Trustees providing legal. finantial, buildin& property management and pastoral A part lime Scheme Monager is engaged to support the Trustees. be a first point of contart with restdents and to deal with general administration. Property maintenance and repair5 ale managed by the Stheme Mana8er on behalf of the Trustees. Accountin8 SUPPOrt has been provided by Lilh8ow Perkin5. Chartered Accountants. This ha5 included the production of an annual budget and quarterfy atcounting reports. Trustees continue to meet at least four tifnes a year for lormal meeting5 and meet as Worktn8 Group5~ coverin8 pastoral. governance and financial issues between meetings to tske forward the strate8ic plans ol the Trustees. Resldents Ro8ers' Almshouses is both a ch3rity and an organisat￿)n Irsted on the National Register of social Housin8. It provide5 fifteen units ol accommodation. thirt?en two 5torty houses and two bungalow5. for people over sixty years ol age who live within the Metropolitan District of Bradford or Harrog31e District a5 dehned prior to l April 2023. When making decisions about the apposnlment5 to a vatancy. the Trustees seek to maintain a balance between residents who tame o¥i8inally from Bradford and residents from HarTO8ate. To this end. Separate lists ol applicants are drawn up. Trustees have trted to ensure that vacancies art allocated to the applicant most in need of the accommodation at the time that they occur. A number ol Social events were organised for Trustees and resident5 helping to foster a feelin8 of community. The Trustees rake an actlve interest in the wellbein8 of the residents. Whilsi no specific medical 5UPPOrt Dr orher cale is piovided by the charity, Ihe Trustees prowlde pastofal support Includin8 undertakin8 re8ular visits to residents.. Rogers. Almshouses Report of the Trustees For the year ended 31 December 2024 Propertv The gardens have been maintained ihrou8houl the year and continue to give much pleasure to residents as well as piovidin8 a haven for butterflie5 and seeds for birds well inio the winter months. Property repairs are instlRatefl in a ttmely fashion. Two properties were exlenslvelyrefurb￿hed and two properties were comrAetety redecoraied followed by newcarpets. Some external retlecorations were completed. others remained to be completed in 2025. No formal or substantNe complaints were received during the accountbng period. Trustee5 The Trustees in office during the year are listed on page l. The maximum number olTrustees permitted under the scheme of arrangement 1$ 12. Of these thfee are Em-officio and seven are Co-opted. The current number of Trv5tee5 is twelve. an intrease ot one since 2023. Havin8 a8¥eed changes to the fules ol the Charity ￿th the Charity Commissioners. the Trustees are now focuslng on developing the Charity. A strategic planning day held in 2023 provided a clear focus for on8oing development. The outcomes of that day continue io be implemented. The charity is a member ol the Almshouses Coftsortium Limite(l. a not for profit organisation. Three trustees are directors of that company which assists w4th the adminislratiort of development grant5 provided by Homes England. New trustees and the Stheme Manager attended Tr Almshouse5 Wa( training ctsurse. provided by the Almshouse Association. Char8e5 The Trustees Sel a weekly maintenance charge at a level which is expected to meet the day to day running Costs of the Almshouses and 8rounds. including the c05t ol cyclical maintenante and major repairs expenditure. A5 3 regulated provider of social housing the Charity is also requi¥ed to operate within the guidance on rent setting provided by the Ministry of Hou5in8. Communities and Local Government, which limits the maximuffl amtsunt to be charged and the annual increases in fent. The weekly mainienance charge was increased in line with allowable charges. Flxed a$5ets The changes in fixed assets during the year are set out in note 11 of the finantial staiements. Polltlcal and charltable donatlon5 Durin8 ihe year the Charsty ma¢Je no wliiitèl or chariièble donat￿ns. Forrnat of accounts Roger5. Almshouses Is a re8istered provider of social housing as well as a registered almshouse charity. Havin8 reached a decision on the future strategic direction as an independeftt charity. the Trustee5 have determsned that il is appropTlète for the account5 to be prepared under the Charities Statement of Recommended Practice IFRS 1021. Rogers. Almshouses Report of the Trustees For the year ended 31 December 2024 Value for monev The Charitvs definition of value for rnoney is 5ifflple. it aims to deliver its objertivÈs in the most cost-effective way possible by ensLtring thèt st provides quality homes and ser¥ices that help its residents remain independent. The sile of the Charity. at only 15 units, makes comparison against others difficvlt, especialty as the Regulator d¢)es not capture or publish any infofmaiion on associations with less than l.CIXS propertie5. Very few associations ihe size of the Chafity subscribe to benchmarkin8 clubs as the costs oUN¥￿sh the benefits 3ntl a￿ not therefore considered value for monev. The Charity prides itself on meeting the needs of its residents wherever possible. Thi5 includes Installin8 disabled adaptaiions even where no external fundin8 is available. This increases the repairs costs but reflects the pvrpose of the Charity which is to provide accommodation lo older persons ol limited Means. By adopting this approach residents are able to continue to live independenity and low levels of voids occur. All the properties owned by the Charity are in one location within close walkin8 distance of Harrogate town centre and oiher amenities. They are well maintained and are easy to let. The Trustees have not identified any individu31 property which 15 not adding to the surplus bein8 8eneraied. The nature of the almshouses is such that the disposal of an individual property would not be worthwhble and would potentialty impart Sbgnlflcant￿ on the environment created by the scheme. We are required to calculate and report certain finantial metrics for Rogers. Almshouses which are widely regarded as measures of value for money. In addition. we are required to show how those metrics compare with our own targets and with an appropriate iomparator. Set out below is a table which records those metric5 calculated using Rogers Almshouses. results lor each of the lasl three financial years. The table also shows targets for those metrics calculated usin8 the Ro8ers Almshouses, budgets for the 2025 and 2024 calendar years. Published data to Use a5 a cornparator is difficult to find,. the only published data available is for re8tstered providers with between I,(KQ and 2,5(K) residential Units as reported in the annex to the Regulator ol Social Housing's Global Accounts. We have onty 15 residential units and thefefore comparison with that published data is indicative only and the results are considered by the Trustees as infomative bui not directional. Value for money1*4FWI metrlts Actual 2024 Artual Artual 2023 2022 T•r8et 2025 Target 2024 Sector Sertor Median* Average Reinvestment i New supply delivered Isocial housin New supply delivered i (Non social housin units Gearing I EBITDA MRI Interest Cover Headline social housin cost Operating Mar8sn Isocial housing letti Operatin Mar Return on ca ital em 28.5% 14.2% 1.1% 12.6% 7.7% 1.4% 7.7% units No debt No debt £6,301 119.31% No debt No debt £4.579 No debt No debt £3.255 27.3% No debt No debt £6.017 1.8% No debt No debt £6.792 129.61% 45.6% 122% £5,136 20.4% 48.1% 89% £5,759 er unit s ontvl 119.31% 11.61% 3.2% 0.3% 27.3% 2.6% 1.8% 0.2% 129.61% 12.71% 18.5% 2.8% 16.9% 2.5% loyed IROCEI The Sector Medtan benchmafk data is taken from the annex to the 2023 fte8ulator of Sotial Housing Global Accounts. Rogers, Almshouses Report of ihe Trustees For the year ended 31 December 2024 Valuè for money Icontlnuedl The above table records the significant sums resnvested by the tru5tee5 in a programme of development of residence5 a5 they become va¢ant. This development work has increased in 2024 with the Trustees spending in excess of £200,CX)O in modernising and improvin8 re51dences prior to their being offered to new residents. The reinvestment made amounts lo 28.5% of the nei book value of the property held by the charity. The value ol the existing properties is, the Truslees believe. considerably in excess ol the cost valve reported in the Charit¥ls balance sheet. It rernains the trusiees. intention to continue thi5 devdopment work and to lund the cre31ion of additional residences as the opportunities to do $0 arise. The Bearing and operational metrics cleafly show that Rogers. Almshouses is a small entity with some unique characteristlcs within the social housin8 sertor. The charsty has no borrowin8s and therelore pays no interest charges, neither 15 It required to meet any finantial tovenants whid) mi8ht otherwise encumber the Trustee's financial Ireedom. Further. no Twstee receives any remuneration for the work which they undertake on beh•lf of the Charity. A5 a T￿￿1t of these financial charaderistics. the Truslees are able io keep the Charitys operating cost5 to a minimum despite the fact that its small size relattve to its comparators denies it many opportunitie5 lor economies ol scale. The small size of the Charity doe5, however. enable the Trustees to enjoy a closef connection with the residents and a better understanding of their concerns and needs. The Trustee5 have chosen to prioritise ihe quality of the èccommodation offered to the residents which has driven an increase in r￿tIne maintenance c05t5 lor those residences not the subjed of development and thi5 has driven the headline social housin8 Cost per unit above the sector average. We are targetTrng a reduciion in these costs bn 2025 as the development and maintenance work returns to a lower level. The negative opefating margin and returrs on capital em￿0ve￿ reported in 2024 are the result of positive decisions the Trustees have taken io improve the quality ol the accommodation ihey provide, as described above. In 2024 the margin and ROCE were materially impacted by void periods suffered while substantial up8r3de work was undertaken in those unit5 and the accelerated depreciation costs taken foT assets disposed of as part of the development work: the financial impact ol this work was anticipated in the targets set for 2024. The above table shows that the trustees expect the charity to return to a small positive operatin8 rnar￿'n in 202S a5 the developed residences are now fullv occupied. The financial targets for the 2025 calendar year are drawn from the budaet approved by the Trustees fo¥ that year. Reser4es Any surplvs of incoffle over expenditure is added to ￿erves. The results for the year are set out in the finantial statements on pages 12 to 22. Otsring the year the Charity reported net income 01 £97.66412023.. £64.SOSI which Includes 3 £14,145 increase12023.. £7,5121 in the valLFe of investments. As a result, total reserve5 grew to £l.(180,376. The Trustees have determined that sufficient reserves should be retained by ihe charity in order to fund a minimum of six months expenditure. Budgeied expenditure lor the year to 31 December 2025 is E89.359. consequently the Twslees are 53tisfied thar the retained reserves of £1.080.376 comlortabty exceed the minimum balance of £44.680. £350,835 are re8arded a5 free reserves. after allowing for lunds invested in tangible fixed a55ets. Rogers, Almshouses Report of the Trustees For the year ended 31 December 2024 Investments The TrLt5tee5 set asidelunds in order to finance future planned expenditure and to prowde a contingency against future tsnforeseen expenditure. These funds set aside are converted into lower risk investments which are capable of re¢overy as liquid fvnds wthin a maximum of two weeks and provide the best possible return for the low risk assumed. To the extent thèt funds are hdd by the charity in excess of these requirements. the Trustees seek to invest those funds in order lo further the airn5 of the charity. lollowing the spirit of the original aims of Mr Geor8e Ro8ers. The performance ol those investments is r￿leWed by the Truslees on a quartedy basis. Malntenan¢e A property survey was caffied out at the end of 2017. The survey did not identify any major work that was requifed to be undertaken. Since then. a total of 6 properties have been fully refurbished and three more ssmply improved. The Trustees will continue to monitor the condition of the propertie5 and deal with repairs and replacements 35 necessary. The Trustee5 intend to eThsure that the Almshouses continue to meet the needs of residents by maintaining them to a high standard and. where possible. adapiing them to sufrt the needs Ot individual residents a5 their circum5tance5 change. The Trustees are confident that the A1rn5houses will contirbue to PTowide comfortable homes for the residents for the foieseeable fuluie and they are Satisfied that the level of reserves is adequate to meet the on80in8 maintenance siattment olthe Trustees. responslbilities in resped ol the financlal staiements The Trustees ère responsible for preparing the Trustees. Annual Report and the linancial statements in accordance with applicable law and United Kin8dom Acrounting Standards (United Kingdom Generally Accepted Accouniing Pratticel. The law applicable to charities in England and Wales requires the Trvstees to prepare financial Statements for each financial year which give a true and fair view of the 5t3te of affairs ol the Charity and of the incoming resource5 and application of resources of the Charity for ihai period. In preparingthese financial statements, the Trustees are required to= l. Select svitsble actounting policies and then apply them consistently.. ObseNe the method5 and Pfinciples in the Statement of RecThnmended Prartice applicable to Charities preparin8 thesr accounts in accordance with Finantial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021: Moke judgements and estimates that are reasonable and pwdent.. Prepare the financial statements on the going concem basis unle$5 It is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping proper acctsunting records that are sufficient to show and explain the Charitvs transactions and disclose with reasonable actUfa(y ai any time ihe financi31 p051tion of the Charity and enable them to ensure that the financial statements comply with the Charitie5 Act 2011. the Housing and Regeneration Act 2008 and the Accountin8 Direction for Pnvate Reystered Providers ot Sotial Htsusin8 2020. They are also responsible Ictr safeguardin8 the assets of ihe Ch3riry and hence for t3kin8 re350nable Steps for the prevention and detection of fiaud and other Irregul3Tlties. Rogers, Almshouses Report of the Trustees For the year ended 31 December 2024 Statement ot the Trustees. re4￿nSIbIlItIeS In resptct of the fin•ndal statements Icondnued) The Trustees are responsible lor the maintenance and integrity of the financial inlormation included on the Charity's website. Le8islation in the UFtited Kingdom governing the preparation and dissemination of financial statement5 may dilfer from legislation in otherjurisdictions. l*sclosurÈ of Inforniatlon to Audrtors The Trustee5 who held office at the date of approval of this Report confirm thèt, so tar as they are each awafe. there is no relevant audit inlormation of which the Chariws auditors are unaware." and each Truslee ha5 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 ChariiV5 audit0¥5 are aware of that information. Statemeffl on the Charws vistem of Intemal ¢ontrol The Trustees acknowled8e their overall responsI￿.11ty. for establishin8 and rnaintaining the whole system of internal control and for reviewin8 annually its effectiveness. The Trustees Teco8nise that no system of internal Control can provide 3b501ute assurance or eliminate all risk The system of internal control is designed to manage risk. and to provide reasonable assurance that the key business objettives and experted outcomes will be achieved. It also exists to give reasonable assurance about the preparation and reliability of financial and operational inforn)aiion and the safeguarding of the Charity'5 assets and interests. In meeting its responsibilities. the Trusiees have adopied a risk-based approach to internal controls. which are embedded within the n￿M31 managemeni and governance protess. This approach includes the regular evaluation of the nature and extent of risks to which the Charity is exposed and is consistent with principle5 incorporated in guidan¢e. The process adopted by the Tiustees in feviewing the effectiveness 01 the system of intemal control, tO8ether with some of the key elements of the control framework includes.. Identlfi¢atlon •nd e¥alu•tlon ot key rtsks Respon5ibslity ha5 been clearly defined for the identification. evaluation and control of Significant risks. There is an on6oing process of review by the Trustees in each area of the Charitys acty¥itTres. The results continue to be reviewed by the Trustees on a regular b3SiS. MonltgrlnK and torredfve adlon The Trustees are responsible for en5urin8 the process of control throy8h 5elf-asse55ment is effective ènd that reporting on control Issues prowdes assurance to the Trustee5. This includes a procedure for ensurin8 that effective monitorin8 IS in place and that correctNe action is taken in relation to any significant control issues. particularly those wlth a material impact on ihe financial statements. Control •milronment and control procedures The Trustees retain respon5ibblity for a defined T￿￿e of issues covering strale8ic. operatb￿al. ftnancial, and compliance issues includin8 treasury strategy and new investmeni piojetts. Policies and procedures covef such issues as delegated authority, se8re8ation of dutjes, accountirb& treasury mana8ement, health and safety. data and asset protertion and fTavd prevention and detection. Infomiatlon and financial rePXti￿ Systems Financ¢èl reporting procedures include detsiled budgets for the year ahead. These are rewewed and approved by the Trusiees. The Trustees also review key performance indicaiors regularly to assess progress towards the achievement of key business objectives. targets and ouicomes. Rogers. Almshouses Report of the Trustees For the year ended 31 Decernber 2024 Aud￿Or$ A resolution to re-appoint Lithgow Perkins LLP as theCharitV5 auditOTS. will be proposed atthe Annual General Meeting. Go¥ernan¢e The Trustees have adopted the Charity Commissicffi'5 Good Goveman¢e Code and abide by its Pfinclples. The Tru5tee5 confirm that the Charity complies wth the Regulator of Social Housin￿5 Govemance anLI Financial Viability Standard. A governance sub-group has comptled and monitor5 a risk register. Management Day to day responsibility for management of the ￿mshou5es and implementation of poliry sel by the Trustees 15 undertaken with the assistance of Liihgow Perkins LLP. Chartered Accountants, who provide accounting support and ensure payments are made in a time￿ tsshion to SUP￿ieY5. A part lime Scheme Manager also provides support to the Trustees. As Chairrnan of the Trustee5. 1 would like to record my appreciation ol the support and hard work ol my fellowTrvstees, our Scheme Manager and accountant in en5uringthat ihe Charity moves foTh¥ard in a way of which I believe our lounder would be proud. l also record appreciation of the Trustees for the help and support 8iven by Saffer Cooper who provide valuable assistance in helping the Trustees to understand legi513tive requirements. Approved by the Trustees on 2￿ May 2025 Mr S C Hollan Chalrperson Independent Auditorfs Report to the membets ol Roger< Almshouses We have audited the financial statement5 of Roge￿. Almshou5e5 -the Ch¥1￿ for the year ended 31 December 2024 which comprise the StatLYnent of Financial ArtNr(ies. the Balance Sheei, the Cash Flow Statement and the related noies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accountin8 Standards. including FRS 102 The Financial Reportin8Standard applicable in the UK and Aepublic of Ireland. (United Kingdom Generally Accepted Accountin8 Praditel. We have been appointed as auditor under 5ertion 144 of the Charities Act 2011 and report in accordance with the Act and relevant fe8ulations made or having effert thereunder. In QLbr opinion. the financial statements.. give a true and fair view of the state of the chariivs affairs as at 31 December 2024 and of its incoming resources and application of resources, includin8 its income and expenditure for the year then ended,. have been property prepared in attofdance wilh Uniied Kingdom Generalty Accepted Accounting Practlce and have been prepared in ètcordance with the requirements of Charities Act 2011, the Housing and Re8eneration Act 2LXJ8 and the Accountyng Dirertion for Private Registered proV￿e1$ of Social Housin8 2019. Bas15 for oplnlon We conducted our audlt in aCC￿dance wrth Intemaiionèl Standards on audtting IUKI IISAS IUKII and applicable law. Our responsibilities under those Standards are further described in the Auditorfs responsibilities lor the audit of the financial statemenls 5ertion of our report. We are independent ol the Association in accordance with the ethical requirements that are relevant to our audit of the financial staternents in the UK, including the FRCS Eth¢cal Standard and we have fulfilled our other ethical responsibilities in accordance with these requirement5. We believe that the audit evidence we have obtained ss 5ufficiert and appropriate io provide a basis fof our opinion. CoD¢luslons relatln8 to 8olng con¢ern We have nothing to report io you in respect of the following matters in relation to which the ISA5 IUKI require us to report to you where- the tru5tees' use ol the going concern basis of accounting in the weparation of the financial statement is not appropriate; or the trustees have not disclosed in ihe financi31 statemenis any identified material uncertainties that may cast $18nificant doubt about the charl￿$ ability to continue to adopt the 80ing concern basis ol accounting for a period of at least twelve months from the dale when the financial statements are authorised for issue. other Infomlatlon The other information comprises the information included in the Report ol the Trustees. other than the financial statements and our auditorf5 report thefeon. The Irustees are iesponsible for the other information. Our opinion on the financial statemen15 does not cover the other infomation and. except to the extent otherwise explicitly staled in our report. we do not express any form of assurance conclusion thereon. Inde￿ndent Audltorfs Report to the members of Rogers. Almshouses Matters on whlch we are requlred to report by exception We have nothing to report in respect ol the following matters in relation to which the Charitie5 (Attounts and Reports) Regulations 2CI18 requires us to report to you if. in our opinion". the informatiort given in ihe financial statements is inconsistent in any material respert with the tru5tee5' report- or the charity has noi kepi proper accountin8 record5- or the financial statements are not in agreement wrth the accounting records- or we have not received all the infom)ation and explanation5 we require for our audit. ResponsilNlities of tru51ees As explained more f¢Jlly in the Statement of Trustees. Re5ponstbilities set out on pages 7 and 8, the trustees are responsible for the preparation of the finantial statements and lor bein8 satisfied that they gtve a true and fair view, and for such internal contfol as the trustees deterrnine is necessary lo enable the preparation of financial st3ternents that are free from rnaterval misstatement. whether due to fraud or error. In preparing the finantial statements. the trustees are responsible for assessing the charlws ability io contlnue as a going concern. disclosin& 35 appl¥cable, matiers related to gging concern and using the golng concern basss of accounting unless the trustees either intend to liqvidate the charity or to cease operations, or have no realistic alternative but to do so. Audbtorfs responslbllltles for the audlt of the financial statements Our objectives are to obtain reasonable assurance aboLrt whether the financial statements as a whole are free from material misstatement, whether due to fraud or error. and to Issue an audilorfs report that include5 our opinior>. Reasonable assurance is a high level of assurance. bui is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misslatemeni when il exsts. Misstaiements can arise from fraud or error and are considered material if, individualty or in the aggregate. thrycould reasona1￿Y be expected to influence the economic decisions of users taken on the basi5 01 ihe5e financial siatements. Alurther description of responsibililies for the audit of the financial statements is bocated on the Financial Reportin8 Countil's website at- www.frc.or8.uklauditorsresponsibilities. This tlescription forrns part of our auditorfs report. Th* exttnt to whlth the audlt was ¢on4dered ￿￿ble of dttecikni irro8ularliles Includin$ fraud We identify and as5*SS the risks of material missiatement of the financ¢al siatements, whether due to fraud or error. and then desi8n and perform audit procedure5 responsive to those risks. including obtainin8 audit evidence that is sufficient and appropriate io provide a basis for our opinion. In identifyin8 and addressing risks of material misstatement in respert of irregulaflties, includin8 fraud and non- compliance wth laws and regulations. our procedures included the followin8'. We obtained an under5tandin8 of laws. regulations and guidance that affect the charity, focusin8 on those that had a direct effect on the financial statements or that had a fundament31 eflett on its operations. Key laws, regulations and Ruidance that we id@ntified Intluded the Statèmènt of Rectsmmettded Practice lor re8iSte¢ed housing prtsvid¢rs.' Housing SORP 2018. the Housing and Regeneration Act 2008. tsx legislalion and safety le8islation. We enquired of the tru5tee5' and reviewed correspondence and board meeting minutes for evidence of non- compliance with ¥elevani laws and re8u13tions. We also reviewed controls the trustees have in place, where nece553ry. to ensure compliance. io Independent Auditorf5 Report to the rnernbe￿ of Rozer< Almshouses We gained an understanding of the contro15 that the trustees have in place to prevent and deteci fraud. We enquired of the irusiees about any inciden￿S of traud that had taken place during the a¢coyntin8 period. The risk of fraud and non-compliance with laws and regulatbons was discussed within the audit team and tests were planned and perforrne