CharSty Number: 236424 Regulator of Soclal Housing Re8lstration Number.. A0746 Almshouse Associatlon Member Number- 0203 Rogers, Almshouses Report and Financial Staternents For the year ended 31 December 2025 Rogers, Almshouses Report and Financial Statements For the year ended 31 December 2025 Contents Page Trustees, Registered Office and Advisers Report of the Trustees Independent Auditorfs Report 9-11 Statement of Financial Activitie5 12 Balance Sheet 13 Statement of Cash Flows 14 Notes to the Financial Statements 15-23 Rogers, Almshouses Trustees, Registered Office and Advisers For the year ended 31 December 2025 Trustees: The Reverend M G Price Ichairl Mr S Holland Iresigned 20 May 20251 The Very Reverend A Bowerman (resigned 310ecember 20251 The Reverend M S Evans The Reverend A Garrow Mr M A Wright Mr A Kempston-parkes MrA McPhee Mr P Fosketl (resigned 20 May 20251 Mrs L Elliott Mrs R A Wright Mr R 8 Elliott Ire5igneil 8 April 20251 Mr5 G Parkin lappointed 18 March 20251 Reglstered Offlce: Crown Chambers Princes Street Harrogate HGI INJ Registered Number: Charity.. 236424 Regulator of Social Housing IRSHI.. A0746 Almshouse A550ciation Member Number: 0203 Ejtternal Auditors- Lith8ow Perkins Crown Chambers Princes Street Harrogate HGI INJ Bankers: CAF Bank 25 Kings Hill Avenue Kings Hill West Mallin8 Kent ME19 4JQ Virgin Money 21 James Street Harrogate North Yorkshire HGI IQU Rogers, Almshouses Report of the Trustees For the year ended 31 December ZOZ5 Accounts The Trustees present their annual report and the audited financial statements for the year ended 31 December 2025. Oblectlves and publit benefit The Charity is an unincorporated Charily registered in England and Wales (Number 2364241, a member of the National Almshouse Associaiion INumber 02031 and is re￿stered with the Regulator of Social Housing (Registration Nurnber A07461. In settin8 the objectives and planning the activities ol the Charity for the year. the Trustees have given careful consideration to the Charity Commi55ion's genefal guidance on public benefit. The Charity has pursued the principal object lor which it was esiablished. namely the provision of accomrnodation for the qualifying people of Bradford and Harrogate and the TTU5tees are sat15fied that the Charity delivers charitable activities for public benefit. The charity is adminisiered in accordance with a scheme date 180ctober 2019. Management and administratSon of the Charity The Charity is managed by a board of Trusiees providing legal. financial, building. property management and pastoral A part time Scheme Manager is engaged to support the Trustees. be a first point of contact with residents and to deal with general administration. Property maintenance and repairs are managed by the Scheme Manager on behalf of the Trustees. Accounting support ha5 been provided by lith8ow Perkin5. Chartered Accounl3nts. This has included the production of an annual budget and quarterly accounting report5. Trustees continue to meet ai least four times 3 year for lorrnal meetin8s ènd meet as 'Working Group5" covering pastoral. governance and financial issues between meetin85 to take forward the strategic plans ol the Trustee5. Resldents Rogers, Almshouses is both a charity and an organisation listed on the National Register of Social Housing. It provides fifteen units ol accommodation, thirteen two 5torey houses and two bungalows, for people over 51Mty years of age who live within the Metropolitan Di5tritt of Bradford or Harrogate District as defined prior to l April 2023. When making decisions about the appointrnents to a vacancy. the Trustees seek io maintain a balance between resident5 who came originally from Bradford and resident5 from Harro8ale. To thjs end, separate lists of applicants are drawn up. Trustees have tfied lo ensure thai vacancies are allocated to the applicant most in need ol the accommodation at the time that they occur. A of social •vents wèrè or8aniS@d for Trustees and residents hèlpine to fostèr a fègling of community The Trustees take an active interest in the wellbeing of the residents. Whilst no specific medi¢al support or other care is provided by the charity. the Trustees provide pasioral support intludin8 undertaking regular visits to residents. Rogers, Almshouses Report of the Trustees For the year ended 310ecember 2025 Propertv The gardens have been maintained throughout the year and continue to 8ive much pleasure to residen15 as well as providin8 a haven for buttethies and seeds for birds well into the winter months. We are glad lo have received recognition for the high quality of our gardens from the Harrogate in Bloom 2025 awards. We aim to sustain this quality whi15t holding costs to the 2025 leve15 in 2026. No formal or substantive complaints were received durin8 the accounting period. Trustees The Trustees in office during the year are listed on page l. The maximum number of Trustees permitted under the scheme of arrangement is 12. Of these three are Ex-officio and seven are Co-opted. One ex-officio member declines to take up any role. and a second ex-officio role is in abeyance as the Dean of Bradford post 15 being filled. The current number of Trustees is 9. a decrease 013 Since 2024. Having a8reed changes to ihe rule5 of the Charily Wlth the Charity Commissioners. the Trustees are now focusing on developing the Charity. A strategic planning day held in 2025 Pfovided a focus for ongoing development. Following that day. the Trustee5 have focussed upon some compliance, some building and some pastoral issues. Compllance.. Residents. Satisfaction Surveys were first tonducted in 2025. revealin8 hiBh levels of sat15faction. The 2026 surveys were conducted in January and February 2026. The Residents. Handbook was re-written and published at an open meeting in 2025. Trusiees were grateful for the help of a resident5. group durin8 the drafting of the Handbo(Ik. A number of policy revision5 were conducted during 2025. and more policy development is planned in 2026. Building Surveys of every residence were begun in December 2025 and completed in January 2026 by the Chair and relevant pastoral Trustee. Lists of priorities for each residence, as well as an overall priorities list for the Trust were crealed a5 a result. Buildlngs.. The focus has been on the conlinued development of ihe -hor5eshoe- and a bid was submitted to Homes England for 40% funding to support the creation of 3 new dwelling between 8 and 9. alon8 Wlth the refurbishment of 8. The bid included the intention to add solar panels above rhe dwellings as a start towards our net zero tar8et. On 23 February 2026 3 grant of £110.￿] was approved which should cover at least the 40% of total cosis that we have benefitted from in previous development projects. Consideration has also been 8iven to long term planning for further development in the garden. and for an office space for the Scheme Manager. Pastoral.. The pastofal cornmittee has continued io be pro-active with regular individual ViSiES, a regular newsletter and a number of shared social events. The developments in our complian¢e work have often emanated from good pastoral contacts_ The charity is a member of the Almshouses Consortium Limited. a not for profit organi5ation. Two trustees are directQTS of that company which assists wilh the administration of development Brants provided by Homes Eng5and. The Scheme Manager and two Trustees attended The Almshouses Association AGM in London. Charges The Trustees set a weekly maintenance charge at a level which is expeaed to meet the day to day running costs of thè Almshouses and grounds, including the c05t of cyclical rnainienance and major repairs expenditure. As a regulated provider of social housin8 the Charity is also required to oper31e within the guidance on rent setting provided by the Ministry of Housing. Communitie$ and Local Government, which limits the maximum amount to be charged and the annual increases in rent. Rogers, Almshouses Report of the Trustees For the year ended 310ecember 2025 {conVdl The weekly maintenance charge was increased in line with allowable charges. The Trustee5 have added a training budget to the annual budget to support good practice and tiaininB for both the scheme Manager and ihe Trustee5. Fixed assets The chan8es in fixed assets during the year are set out in note 11 of the financial statements. Politlcal and charltable donations During the year. the Charity made no political or chantable donations. Format of accounts Rogers. Almshovses is a registered providèr of social housing as well as a règisiered almshouse charity. Having reached a decision on the future strategic direction as an independent charity. the Trustees have determined ihat it IS appfopriate for the accounis to be prepared under the Charities Staternent of Recornmended P¥actice IFRS 1021. Value for money The Charity's definition of value for money is simple. it aims to deliver its objectives in the most cost-effective way possible by ensuring that it provides quality homes and services that help its resbdents remain independent. The size of the Charity. at only IS units. makes comparison against others difficult. especially as the Regulator does noi captvre or publish any information on association5 Wlth less than 1.000 properties. Very lew associations the size of the Charity subscribe io benchmarking clubs as the costs ouiweigh the benefits and are not therefore considered value for monev. The Charity prides itself on meetin8 the needs of it5 residents wherevei possible. This includes in5tallin8 disabled adaptations even where no external funding is available. This incieases the repairs cost5 but reflects the purpose ol the Charity which is to provide accornrnod31ion to older persons of limited means. By adopting thi$ approach residents are able to continue to live independently and low levels of voids occur. All the properties owned by the Charity are in one location within close walking distance of Harrogate town centre and other amenitie5. They are well maintained and are easy to let. The Trustees have not identified any individual property which is not adding to the surplus being generated. The nature of the almshouses is such that the disposal of an individual property would not be worthwhile and would potentially impact $18nificantly on the environment created by the scheme. We are required ro calculate and report certain financial metrics for Ro8er5' Almshouses which are widely regarded as mea5ure5 01 value for money. In addition. we are required to show how those metrics compare with our own targets and wilh an appropriate comparbtor. Set out below is a table which records those metrics calculated ￿sing Roger5 Almshouse5' results for each of the last three financi31 years_ The table also shows target5 for ihose metrics calculated using rhe Rogers AlmshotJse5' budgets lor the 2026 and 2025 calendar years. Published data to Use as a comparator is difficylt to find.. the only published data available is fc>r reBisiered prov1ders a5 feported in the annex to the Re8ulator of Social Housing's Global Accounts. We have only 15 residential units and therefore comparison with thai published data is indicative only and the resulis are considered by the Trustee5 as informative but not dirertional. Rogers, Almshouses Report of the Trustees For the year ended 31 December 2025 Icont'd) Value for money Itontinuedl Value for money I'VFM'I mttrlcs Artual 2025 Artual Actual 2024 2023 Target 2026 Target 2025 Sector Sector Median# Avefage Reinvestment New supply delivered (Social housin New supply delivered INon social housing unitsl Gearin EBITDA MRI Interest Cover Headline social housin cost Operating Margin Isocial housin s only) erarin Mar in loveralll RetUTn on capital employed IROCEI 1.5% 28.5% 0.0% 14_2% 0.0% 25.6% 6.7% 7.6% 1.3% 7.4% 1.8% units I 0.0% 0.2% No debt No debi £5,967 5.4% No debt No debt £6.301 119.31% No debt No debt £4.579 3.2% No debt No debt £5,939 3.7% No debt No debt £6.017 1.8% 45.5% 113Y. £5,576 20.5% 49.3% 87% £6,251 22.1% er unit 5.4% 0.5% 119 31% 1161% 3.2% 0.3% 3.7% 0.4% 1.8% 0.2% 17.6% 3.1% 17.3% 2.7Yo The Sedor Median benchmark data is taken from the annex to the 2025 Re8ulator of Social Housing Global Accounts. The above table records the Significant sums reinvested by the trustees in a programme of development of residences as they become vacani, with significant expenditure in 2023 and 2024. Development expenditure in 2025 was much reduced as the Trustee5 took some time both to allow the new residents to settle in and for the Trustee5 to consider P055ible alternatives lor the nexr phase of capital works. Quotes for the approveil development plan are now in place with works planned for 2026 as recorded in the 2026 iar8ets. Please note, the value of the existing properties is, the Trustees believe, considerably in excess of the cost value reported in the Charity's balance sheet. It remains the trustees. intention io continue Ihi5 development work and to fund the creation of additional residences as the opportunities io do 50 arise. The gearing and operational metrics clearly show that Roger5, Almshouses is a small entity with some unique characteristics within the social housing 5e¢tor. The charity has no borrowings and therefore pays no interest charges. neither is it required to meet any financial covenants which might otherwise encumber the Trustee's financial freedom. Further. no Trustee receives any remuneration for the work which they undertake on behalf of the Charitv. As a result of these financial characteristiC5, the Trustees are able to keep the Charity's operating costs to a minimum despite thè faci that it5 small size relative to its comparators denies it many opportunitie5 for economies of scale. The small size ol the Charity doe5. however. enable the Trustees to enjoy a closer connection with the residents and a better understanding of their concerns and need5. The Trusiees have chosen to prioritise the quality ol the accommodation offered to the residents which results in a headline social housing cost per unit broadly in line with rhe sector metrics despite the cost savings of unremunerated Tlustees and lack of commercial borrowing costs. We are targeting to maintain these costs in 2026 despite the development and maintenance work expected in 2026. The negative operatin8 margin and return on capital efflployed reported in 2024 are the result of positive decision5 the Trustees have taken to improve the quality of the accommodation they provide. a5 described above. In 2024 the margin and ROCE were materially irnpacted by void periods suffered while substantial upgrade work wa5 undertaken in those units and the actelerated depreciaiion costs taken for asse15 disposed ol as part of the development work.. the financial impact of this work was anticipated in the targets sei for 2024. The above table show5 that the charity has returned to 3 small positive operaiing mar8in In 2025 as ihe Lleveloped resi(Jence5 are now fully occupled. The flnancial tar8ets for the 2026 calendar year are drawn from the budget approved by the Trustees for that year. Reserves Any Surplus of income over expendilure is added to reserve5. The results lor the year are sei out in the financial statements on pages 12 to 23. Rogers, Almshouses Report of the Trustees For the year ended 31 December 2025 {conVdl During the year. the Charity reported net income of £61,79112024.. E97.6641 which includes a £41.033 increase12024.. £14,145) in the value of investments. As a result. total reserves grew to £1.142.167. The Trustee5 have determined that sufficient reserves should be retained by the charily in order to fund a minimum of six months expenditure. Budgeted expenditure fof the year to 31 December 2026 15 £95.023. consequently the Trustees are Satisfied that the retained reserves of £1.142,167 comfortably exceed the minimum balance of £47,512. £419,028 are regarded as free reserves, after allowing for funds invested in tangible fixed assets. Investments The Trustees set aside funds in order io finance futvre planned expen¢Jiture and to provide a contingency against future unforeseen expenditure. These funds sei aside are converted into lower risk investments which are capable of recovery as liquid funds wirhin a maximum of two weeks and provide the best possible feiurn for the low risk assumed. To the extent that funds are held by the charity in exce55 of these requirernents, the Trustees seek to invest those funds in order to further the aims of the charity, followtng the spirit of thè original aims of Mi George Ro8ers. The performance of those investments 15 reviewed by the Trustees on a quarterly ba515. Maintenance A Pfoperty survey wa5 carried out at the end of 2025 and the beginning of 2026. The Trusiees will continue to monitor the condition of the properties and deal with repairs and replacements as nece553ry. The Trustees intend to ensure that the Almshouses continue to meet the neetls of residents by maintaining them to a high standard and. where possible. adapting them to suii the needs of individual residents as their circumstances change. The Trustees are confident that the Almshouses will continue to provide comfortable homes lor the residents for the foreseeable future and they are satisfied that the level of reserves 15 adequate to rneet the ongoing rnaintenance Property repairs are instigated in a timely fashion. Much attention in 2025 has needfully focussed on large scale external redecorations as well as normal repairs on individual units. No foirnal or substantive complainis were received during the year. Statèment of the Truste•s' responsibilities in respert of the financial statement5 The Trustees are responsiblè for prepèring the Trusiees. Annual Report and the financial siatement5 in accordance with applicable law and United Kin8dom AccounEin8 Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires Ehe Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity for that period. In preparin8 these financial statements. the Tru5tee$ are required to.. Select 5uiiable accounting policies and then apply ihem con51Stently; Observe the methods and principles in the Slatement ol Recommended Practi￿ applicable to Charities preparirt6 theif accounts irt accordance with Financial Reportin8 Standard applicable in thè UK and Republic of Ireland IFRS 1021.. Make judgements and estimate5 that are reasonable and prudent.. Prepare the financial statements on the goin8 concern basis unless it is inappropriate to presume that the Charity will continue in business. Rogers, Almshouses Report of the Trustees For the year ended 31 December 2025 {conVdl The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable thern to ensure that the financial statements cornply with the Charities Act 2011. the Housing and Regeneration Act 2008 and the Accounting Direction for Private ReBistered Providers ol Social Housing 2020. They are also responsible for safeguarding the a55ets of ihe Charity and hence lor takin8 reasonable step5 for the prevention and detection of fraud and other irregularities. The Trustees are responsible for the maintenance and integrity of the financial information included on the Chariry's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may diffef from le8islation in other jurisdictions. Dlsclosure of 5nfofmatlon to Auditors The Trustees who held office at the date of approval of this Report confirm that, so far as they are each aware. there is no relevant audit information of which the Charity's audilor5 are unaware- and each Trustee has taken all the steps that they ought to have taken a5 a Trustee to make themselves aware of any relevant audit information and to establish that the Charity's auditor5 are aware of that information. Statement on the Charltys system of Internal control The Trustees acknowledge their overall responsikn'lity. for establishin8 and maintaining the whole system of internal conirol and for reviewing annually it5 effeuivenes5. The Trusteès recognise that no system of iniefnal control can provide ab501uie assurance or eliminate 311 risk. The system ol internal control is designed lo managè risk. and to provide Teasonable assurance that the key business objectives and expected outcomes will be achieved. It also exists to give reasonable assurance about the preparation and reliability ol financial and operational information and the safeguarding of the Charity's assets and interests. In meeting its responsibilities. the Trustees havè adopted a risk-based approach to internal controls, which are embedded within the normal management and ggvernance proces5. This approach includes the regular evaluation of the nature and extent of risks lo which the Charity is exposed and bs ¢onsisient with principles incorpoiated in guidance. The process adopted by the Trustees in reviewing the effertsvenes5 of the system of internal control. tO8ether with some of the key elements of the control ffamework irbdudes: Identificatlon and evaluatlon of key risks Responsibility has been clearly defined for the identification. evaluation and control of significant risks. There is an ongoing process of review by the Trustees in each area of the Charl￿$ activities. The fesults continue to be reviewed by the Trustees on a regular basi5. Monitoring and corrective action The Trustees are responsible for ensuring the process of control through self-assessrnent is effective and ihot reporting on control issues Pfovides assurance to the Trustee5. This include5 3 procedure foi ensuring that effective monitoring is in place and that correttive action is taken in relation to any sÉ8nificant control issues. particularly those with a material impact C5n the financial st2tÈment5 Control environment and control procedures The Trustees retain responsibility for a defined ran8e of issues covering strategic, operational. financial, and compliance issue5 includin8 treasury strategy and new investment projects. Policies and procedures coveT such issues as delegated authority, segregation of duties, a¢couniin8. treasury management. health and safety, data and asset protection and fraud prevention and detection. Rogers, Almshouse5 Report ol the Trustee5 For the year ended 31 December 2025 Icont'dl Informatlon and flnanclal reportlne sV5tems Financial reporting procedures include detailed bud8et5 for ihe year ahead. These are re¥iewe¢J and approved by ihe Trustees. The Trustees also review key pèrformance Indicarors regularly to assess pro8re55 towards the achievement of key busines5 objectNes, tar8ets and out£omes. Auditor5 A resolution to re-appoint L2thgow Perkins tLP as the Charity s auditors. will be proposed at the Annual General Meeting. Governance The Trusiees have adopted the Charity Comrni55ion's Good Governance Code and abide by its principles. The Trustees conf1rrn that the Charity complie5 Wlth the Regulator of Socsal Housing's Governance 8nd Financial Viabi ity Standard. A governance sub-group has compiled and monitors a risk reBister. Management Day to day responsibility for management of the Almshouses and implementation of policy set by the Trustees is undertaken with the assistance of Lithgow Perkins LLP, Chartered Accountapt5. who provide accounting support and ensure payments are made in a timely fashion to supplierg. A part timè Scheme Manè8er a150 provides support to the Trustees. A5 Chairman ol the Trustees. I would like to record my appreciation of the support and hard work of my fellow TTU5tees, our Scheme Managef and accountant in ensuring that the Charity moves forward in a way of which I believe our founder would be proud. l a150 record appreciation of the Trustees for the help and support given by Saffer Cooper who Provide valuable ssistance in helpin8 the Trustees to understand legislative requirements. Approved by the Trustees on ID•tel nd M G PTl¢e Rogers. Almshouses Independent Auditorfs Report to the members of Rogerg Almshouse5 Oplnlon We have audited the financial statements of Rogers. Almshouses ~the chafity" for the year ended 31 December 2025 which comprise the Stalement of Financial Activities. the Balance Sheet. the Cash Flow Statement and the related notes. The financial reporting frarnework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. Including FRS 102"The Financial Reporting StanLlard applicable in Ihe UK and Republi¢ of Ireland- (United Kingdom Generally Accepted Accounting Pratticel. We have been appointed a5 auditor under section 154 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. In our opinion. the financial statements: give a true and fabr view of the state of ihe charl￿5 affairs as at 31 December 2025 and of it5 incomin8 resources and application of resources. includin8 Its income and expendilure for the year then ended.. have been properly prepared in accordance with United Kin8dom Generally Accepted Accounting Practice and have been prepared in accordance wilh the requiremenis of Ch8rities Act 2011. the Housin8 and Regeneration Act 2008 and ihe Accounting Direction for Private Re8i51ered Providers of social Housing 2019. Basls for opinion We conducted our audit in accordance with Internaiional Standards on audilin8 IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditorfs respon5ibililies for the audit of the financial statements section of our report. We are independeni of the Association in ac¢ordance with the ethical req￿IreMentS Ihat are relevant io our audit of the financial statements in the UK. including the FRCS Ethical Standard and we have fulfilled our other ethical responsibilities in accordance wilh these requirements. We believe that the audit evidence we have obtained 15 syfficient and appropriate to provide a basis for our opinion. Conclusions relatlng to goln¥ concern In auditing the financial statements. we have concluded that the Trustees, use of the Boing toncern basis of accounting in the preparation of financi31 statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties related to event5 or condition5 that. individually or collectively, may casr doubt on the charity's ability io continue as a going concern for a period of at lea51 twelve months from when the financial statements are authori5ed for issue. Our responsibilities and the responsibilitie5 of the Trustees with respect to going concern are described in the relevant Sections of this report. other Information The other informaiion comprises the information included in ihe Report of the Trustèes. other than the financial statements and our auditorfs report thereon. The trustee5 are responsible for the other information. Our opinion on the financial statement5 does not cover the other information and. except to the extent otherwise expli¢itly stated in our report. we do not express any form of assurartce condusion thereon. Rogers, Almshouses Independent Auditorf5 Report to the members of Rogers. Alrnshouses Matters on whlth we are required to report by exception We have nothing to report in re5ped of the following matters in relation to which the Charities (Accounts and Reports) Re8ulations 2CM18 requires us to report to you if. in our opinion.. the information given in the financial statements is inconsistent in any material respect wilh the tru5tees' report. or the charity has not kept proper accounting records.. or the financial statements are not in agreement with the accounting records.. or we havè not received all the information and explanation5 we require for our audit. Responslbllltles of trustees As explained more fully in the Statement of Trustees. Responsibilities set out on pages 7 and 8. the trustees are responsible for the preparation of the financial Statements and for being satisfied that they give a irue and fair view, and lor such Internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement. whether due to fraud or error. In preparing the financial staternents. the tru51ees are responsible for assessing the charitvs ability to continue as a going concern, disclosing. as applicable. matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no rea11Stic alternative but to do so. Auditorfs responsibilities for the audrl of the financial statements Our objectives are io obtain rèasonable assurance about whether rhe fin8ncial siatements as a whole are free from material misstaiement, whether due to fraud or error, and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance. but is not 3 guarantee that an audit conducted in accordance with ISAS IUKI will always detect a Material misstatement when il exists. Misstatements can aiise from fraud or error and re considered material if. individLtally or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on ihe basis of these linancial statements. A further description of our responsibilities for the audit of the financial statements is located on ihe Financial Reportin8 Council's website at: www.fic.or8.uklauditorsresponsibilitie5. This description lorms part of our auditor's report. The ejrtertt to whlch tht audli was considered capable of deterting irregularities includlng fraud We identify and a55ess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks. including obtainin8 audit evidence that is sufficient and appropiiate to provide a basis for our opinion. In identifying and addressing risks of material mi55t3tement in respect of irregularities. including fraud and non- compliance with laws and regulation5. our procedures Jncluded the following: We obtained an undersianding of laws. regulètions and guidance that affect the charity, focusing on those that had a direct effect on the financial statements or thèt had a fundamental effett on its operations. Key laws, regulations and guidante that we idenlified included the Statement of Retommended Practice for regisrered housing providers.. Housing SORP 2018. the Housin8 and Regenefation Act 2008, tax legislation and saletv legi51aiion. io Rogers. Almshouses Independent Auditorfs Report to the members of Rogerf Almshouses We enquired of thè trustees, and reviewed correspondence and board meeting minutes for evidence of non- compliance with relevant laws and regulation5. We also reviewed ¢ontiols the trustees have in place. where necessary. to ensure complian￿. We gained an understanding of the controls th31 the trustees have in place to pievent and detect fraud. We enquired of the trustees about any inciden￿$ of fraud that had taken place during the accounting period. The rlsk of fraud and non-compliance with laws and regulations was discussed within the audit team and tes15 were planned and performed to address these risks. We reviewed financial statemènts disclosures and suptK)rting documentation to assess compliance with relevant laws and regulations di5¢ussed above. We enquired of the trustees about actual and poiential litigation and claims. We performed analwical procedures to identify any unusual or unexpected relationships ihat might Indicate risks of material mi551atement due to fraud. In addressing the risk of fraud due to rnana8ement override of internal ¢ontro15 we tested the appropriateness ol journal entries and assessed whether the jydgements made in making accounting estimates were indicative of a potential bias. There are inherent limitations in our audbt procedures described above. The more removed that law5 and re8ulations are from financial transactions. the less likely it is thal we would become aware of non Date.. l June 2026 Chartered Accountants Statutory Audltors Crown Chambers Prin¢es Street HARROGATE HGI INJ li Rogers, Almshouses Statement of Flnanclal Activlties For the year ended 31 December 2025 Unrestricted Funds 2025 Designated Funds 2025 Total Funds 202$ Total Funds 2024 Notes Income from: Donation5 ènd le8acies Charitable activities- social housing Investment5 85,000 92,300 16,288 193,588 113.138 15.301 113.138 15.301 Total Income 128.439 128.439 Expendlture on.. Charitable èctivities- sooal housing Total expendlture 1107.6811 1107,6811 1107.6811 1107.6811 1110,0691 1110.0691 Net gain51110ssesl on inve5tmentS 12 41.033 41,033 14,145 Net leMpendlturell5ncom* and net movement In funds 61.791 61.791 97,664 Reconclllatlon of funds.. Total funds brought forward Total funds carried forward 655.421 717.212 424,955 424.9S5 1.080,376 1.142,167 982.712 1.080,376 All of the above resulls derive from the corttinuing operation5 of the Charity. The note5 on pa8es IS to 23 form an integral pan of these financial statements. The flnandal statements on pa8es 12 to 23 were appr(r4ed and authorlsed for Issue by the Board of Trustees on 6 May 2025 and were $￿e& on Its behalf b¥: •f•nd M G Prl¥e Trustee Mrm 12 Rogers, Almshouses 8alance Sheet At 310ecember2025 2025 2024 Hxed a$5ets Tangible fixed assets Investments li 12 723,139 394,114 729,541 338,581 1.117.253 1,068,122 Curreni assets Debtor5 Cash and cash equivalents 13 14 3.394 33,070 14.188 36.119 Les5'. Creditors.. amounts lalling due within one year 15 111.S501 138.OS31 Net current assetslllabilities 24,914 12,254 Total assets less current liabilitiès 1,142.167 1,080,376 Total net 35sets 1.142,167 1.080,376 Funds of the charlty Unrestricted funds.. UnrestTlCted general fund Social Housin8 Grant lund 16 16 717,212 424,955 655,421 424,955 Total charlty funds 1.142.167 1,080.376 The notes on pa8es IS ¢0 23 lorm an inte8ral part of these financial staiements. The flnanclal statements on pa$e$ 12 to 23 were appro¥ed and authwlsed lor Issue by the V404rd of Trustees on 6 May 2026 and were 518ned on its behalf by.. Chair erend M G Prlce Trust*• MrMAWri8 13 Rogers, Almshouses Statement of Cash Flows For the year ended 31 December 2025 2025 2024 Net cash generated from operatlnB artivities (see Note I below) 7,284 111,071 Cash Ilow from Inve5tlng actlv5tles Purchase of tangible fixed assets Purchase ol investments Sale of investments Interest and similar income received 111.1341 114.5001 1208.2781 114.0121 65.907 16.288 15.301 110.3331 1140.0951 Net change In cash and cash equlvalents Cash and cash equivalents at beglnnlng of the year 13.0491 36,119 129,0241 65,143 Cash and tash equlvalent5 at end of the year 33.070 36.119 Note I Net incomellèxpenditurel for the year 61.791 97,664 Adjustmenis for non-cash item5'. Oepreciation of tangible fixed asset5 Oecreasellincreasel in irade and other debtors IDecrea5el/increase in trade arbd other creditor5 Loss/lgainl on revaluation of fi¥ed asset investments 17.536 10.794 126.5031 141,0331 15.554 11.0601 29,346 114,1451 Adjustments for investin8 or financing activities= Interest and similar income received 115,3011 116,2881 Net cash generated from operating activities 7,284 111,071 The notes on pages 15 to 23 form an integral part of these financial staiements. 14 Rogers, Almshouses Note5 to the Financial Statements For the year ended 31 De￿rnber 2025 General informatlon The Charity is an unirtcorporated Charity registered in England and Wales. a member of the National Almshouse Association and is registered with the Regulator of Social Housing as a Private Registered Provider of Social Housin8. The registered office is Crown Chambers, Princes Street, Harrogate. HGI IW. Prlndpal accountlng policies Basls of accountlng The financial statements have been PTep3ied in accordance with applicable United Kingdom Generallv Accepted Accounting Practice (UK GAAPI and Accountin8 and Reportirsg by Charities.. Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in ihe UK and Republic of Ireland IFRS 1021 (effective l January 20191 (Charitie5 SORP IFRS 1021 (second edition- Ortober 201911, thè Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021, the Chariiies Art 2011 and the Accounting Direction for Private Registered Providers of Social Housine 2019. The accounts are prepared on the historical cost basis of accounting except as rnodified by the revaluation ol invesiments and are presenied in pound5 Sterlin8. The financial statements have been prepared in compliance with FRS 102. In complying with FRS 102 the Charity meets the definition of a public benefit entity. Goln8 concern The financial statements have been prepared on a goin8 concern basis which assumes an ability to continue tsperarin8 for the foreseeable future. The Trustees have concluded ihat they are confident that the Charity will continue as a goin8 concern based on the cash flow forecasts and significant value of free reserves held by the Charity. The Trustees are of the opinion that the Charity will have sufficient resources to meet it5 liabilities as they fall due. Judgements and key sources of estlmation uncertalnty The preparation of the finaneial siatement5 requiies rnanagement to make judgements. estimates and assumptions that affect the amounts reported for assets and liabilitie5 as at the balance sheet date and the amounts reported for revenues and expenses during the year. However. the nature of estimation means that actual outcomes could differ from those esiimate5. The following judgements lapart from those involving estimate51 have had the most significant eltect on amounts reco8nised in the fhnancial statements. Cate8orisation of housing properties The Charity has undertaken a detailed review of the intended use of all housing properties. In determining the intended use. the Charity has considered if the asset is held for Social benefit or to earn comrnerci31 rentals. IrnP3irmeni The Charity has identified a cash 8enerating unit for irnpairment assessment purposes at a propertv scheme level. 15 Rogers, Almshouses Notes to the Financial Statements For the year ended 31 December 2025 Prin¢lpal accountin8 policles Icontinuedl Other key souices of estimalion and assumptions.. Tangible fixed a55ets Tangible fixed assets 3redepreci3ted overtheir useful lives iaking into account residual values, where appiopriate. The actual lives of the assets and residual values are assessed annually and may varv depending on a number of factors. In re-asse55ing asset lives, factors such as technological innovation, produci life cycles and maintenance programrnes are taken into account. Resldual value assessments consider issues such as fuiure rn3rket conditions. the iemaining life of the a55et and projected disposal values. Impairment of non-financial assets Reviews for impairment of housing properties are carried oui when a trig8er has occurred and any impairment loss in a cash generating unli is recognbsed by a charge to the Statement of Financial Activities. Impairment is recognised whère the carrying value ol a cash generating unit exceeds ihe higher of its net realisablè value or its value in use. A cash generating unit is normally a group of properties at scheme level whose Cash income can be Separately identified. The Charity has assessed ihat no trigger for an impairmeni review has occurred. Income recognition Income from social hou5inE 3cliviiies repre5enis weekly maintenance charge receivable. including water rates nd other income and 15 recognised in relaiion to the period when the goods or seTVltes have been supplied. Weekly maintenance charge income is reco8nised when the property is available for occupation. nel of voids. Distributions and interest on investments are indvded on the accruals basis by reference to the due date of payment. rvlce char8es Service char8e intome and costs are reco8ni5ed on an accruals basis. Taxation The Charity is a registered Charity and is. therefore. exempt from any liability to taxation on its income and capital gains. The Charity 15 not registered for VAT and therefore expenditure is stated inclusive of VAT. Tangible fixed assets and depreclatl( Tan8ible fixed assets are stated at cost. less accumulaied depreciation. Freehold land 15 not depreciated. Houslng properties Whère a housing properly cornprises iwo or more major cornponents with substantially different useful economic live5 IUELS). each component is accounted for Separately and depreciated over it5 individual UEL. Expenditure relating to subsequent replacement or renewal of components 15 Capltalised 35 incurred. 16 Rogers, Almshouses Notes to the Financial Statements For the year ended 31 Deomber 2025 Prlnclpal accountirtg pollr reBisiered prov1ders a5 feported in the annex to the Re8ulator of Social Housing's Global Accounts. We have only 15 residential units and therefore comparison with thai published data is indicative only and the resulis are considered by the Trustee5 as informative but not dirertional. Rogers, Almshouses Report of the Trustees For the year ended 31 December 2025 Icont'd) Value for money Itontinuedl Value for money I'VFM'I mttrlcs Artual 2025 Artual Actual 2024 2023 Target 2026 Target 2025 Sector Sector Median# Avefage Reinvestment New supply delivered (Social housin New supply delivered INon social housing unitsl Gearin EBITDA MRI Interest Cover Headline social housin cost Operating Margin Isocial housin s only) erarin Mar in loveralll RetUTn on capital employed IROCEI 1.5% 28.5% 0.0% 14_2% 0.0% 25.6% 6.7% 7.6% 1.3% 7.4% 1.8% units I 0.0% 0.2% No debt No debi £5,967 5.4% No debt No debt £6.301 119.31% No debt No debt £4.579 3.2% No debt No debt £5,939 3.7% No debt No debt £6.017 1.8% 45.5% 113Y. £5,576 20.5% 49.3% 87% £6,251 22.1% er unit 5.4% 0.5% 119 31% 1161% 3.2% 0.3% 3.7% 0.4% 1.8% 0.2% 17.6% 3.1% 17.3% 2.7Yo The Sedor Median benchmark data is taken from the annex to the 2025 Re8ulator of Social Housing Global Accounts. The above table records the Significant sums reinvested by the trustees in a programme of development of residences as they become vacani, with significant expenditure in 2023 and 2024. Development expenditure in 2025 was much reduced as the Trustee5 took some time both to allow the new residents to settle in and for the Trustee5 to consider P055ible alternatives lor the nexr phase of capital works. Quotes for the approveil development plan are now in place with works planned for 2026 as recorded in the 2026 iar8ets. Please note, the value of the existing properties is, the Trustees believe, considerably in excess of the cost value reported in the Charity's balance sheet. It remains the trustees. intention io continue Ihi5 development work and to fund the creation of additional residences as the opportunities io do 50 arise. The gearing and operational metrics clearly show that Roger5, Almshouses is a small entity with some unique characteristics within the social housing 5e¢tor. The charity has no borrowings and therefore pays no interest charges. neither is it required to meet any financial covenants which might otherwise encumber the Trustee's financial freedom. Further. no Trustee receives any remuneration for the work which they undertake on behalf of the Charitv. As a result of these financial characteristiC5, the Trustees are able to keep the Charity's operating costs to a minimum despite thè faci that it5 small size relative to its comparators denies it many opportunitie5 for economies of scale. The small size ol the Charity doe5. however. enable the Trustees to enjoy a closer connection with the residents and a better understanding of their concerns and need5. The Trusiees have chosen to prioritise the quality ol the accommodation offered to the residents which results in a headline social housing cost per unit broadly in line with rhe sector metrics despite the cost savings of unremunerated Tlustees and lack of commercial borrowing costs. We are targeting to maintain these costs in 2026 despite the development and maintenance work expected in 2026. The negative operatin8 margin and return on capital efflployed reported in 2024 are the result of positive decision5 the Trustees have taken to improve the quality of the accommodation they provide. a5 described above. In 2024 the margin and ROCE were materially irnpacted by void periods suffered while substantial upgrade work wa5 undertaken in those units and the actelerated depreciaiion costs taken for asse15 disposed ol as part of the development work.. the financial impact of this work was anticipated in the targets sei for 2024. The above table show5 that the charity has returned to 3 small positive operaiing mar8in In 2025 as ihe Lleveloped resi(Jence5 are now fully occupled. The flnancial tar8ets for the 2026 calendar year are drawn from the budget approved by the Trustees for that year. Reserves Any Surplus of income over expendilure is added to reserve5. The results lor the year are sei out in the financial statements on pages 12 to 23. Rogers, Almshouses Report of the Trustees For the year ended 31 December 2025 {conVdl During the year. the Charity reported net income of £61,79112024.. E97.6641 which includes a £41.033 increase12024.. £14,145) in the value of investments. As a result. total reserves grew to £1.142.167. The Trustee5 have determined that sufficient reserves should be retained by the charily in order to fund a minimum of six months expenditure. Budgeted expenditure fof the year to 31 December 2026 15 £95.023. consequently the Trustees are Satisfied that the retained reserves of £1.142,167 comfortably exceed the minimum balance of £47,512. £419,028 are regarded as free reserves, after allowing for funds invested in tangible fixed assets. Investments The Trustees set aside funds in order io finance futvre planned expen¢Jiture and to provide a contingency against future unforeseen expenditure. These funds sei aside are converted into lower risk investments which are capable of recovery as liquid funds wirhin a maximum of two weeks and provide the best possible feiurn for the low risk assumed. To the extent that funds are held by the charity in exce55 of these requirernents, the Trustees seek to invest those funds in order to further the aims of the charity, followtng the spirit of thè original aims of Mi George Ro8ers. The performance of those investments 15 reviewed by the Trustees on a quarterly ba515. Maintenance A Pfoperty survey wa5 carried out at the end of 2025 and the beginning of 2026. The Trusiees will continue to monitor the condition of the properties and deal with repairs and replacements as nece553ry. The Trustees intend to ensure that the Almshouses continue to meet the neetls of residents by maintaining them to a high standard and. where possible. adapting them to suii the needs of individual residents as their circumstances change. The Trustees are confident that the Almshouses will continue to provide comfortable homes lor the residents for the foreseeable future and they are satisfied that the level of reserves 15 adequate to rneet the ongoing rnaintenance Property repairs are instigated in a timely fashion. Much attention in 2025 has needfully focussed on large scale external redecorations as well as normal repairs on individual units. No foirnal or substantive complainis were received during the year. Statèment of the Truste•s' responsibilities in respert of the financial statement5 The Trustees are responsiblè for prepèring the Trusiees. Annual Report and the financial siatement5 in accordance with applicable law and United Kin8dom AccounEin8 Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires Ehe Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity for that period. In preparin8 these financial statements. the Tru5tee$ are required to.. Select 5uiiable accounting policies and then apply ihem con51Stently; Observe the methods and principles in the Slatement ol Recommended Practi￿ applicable to Charities preparirt6 theif accounts irt accordance with Financial Reportin8 Standard applicable in thè UK and Republic of Ireland IFRS 1021.. Make judgements and estimate5 that are reasonable and prudent.. Prepare the financial statements on the goin8 concern basis unless it is inappropriate to presume that the Charity will continue in business. Rogers, Almshouses Report of the Trustees For the year ended 31 December 2025 {conVdl The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable thern to ensure that the financial statements cornply with the Charities Act 2011. the Housing and Regeneration Act 2008 and the Accounting Direction for Private ReBistered Providers ol Social Housing 2020. They are also responsible for safeguarding the a55ets of ihe Charity and hence lor takin8 reasonable step5 for the prevention and detection of fraud and other irregularities. The Trustees are responsible for the maintenance and integrity of the financial information included on the Chariry's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may diffef from le8islation in other jurisdictions. Dlsclosure of 5nfofmatlon to Auditors The Trustees who held office at the date of approval of this Report confirm that, so far as they are each aware. there is no relevant audit information of which the Charity's audilor5 are unaware- and each Trustee has taken all the steps that they ought to have taken a5 a Trustee to make themselves aware of any relevant audit information and to establish that the Charity's auditor5 are aware of that information. Statement on the Charltys system of Internal control The Trustees acknowledge their overall responsikn'lity. for establishin8 and maintaining the whole system of internal conirol and for reviewing annually it5 effeuivenes5. The Trusteès recognise that no system of iniefnal control can provide ab501uie assurance or eliminate 311 risk. The system ol internal control is designed lo managè risk. and to provide Teasonable assurance that the key business objectives and expected outcomes will be achieved. It also exists to give reasonable assurance about the preparation and reliability ol financial and operational information and the safeguarding of the Charity's assets and interests. In meeting its responsibilities. the Trustees havè adopted a risk-based approach to internal controls, which are embedded within the normal management and ggvernance proces5. This approach includes the regular evaluation of the nature and extent of risks lo which the Charity is exposed and bs ¢onsisient with principles incorpoiated in guidance. The process adopted by the Trustees in reviewing the effertsvenes5 of the system of internal control. tO8ether with some of the key elements of the control ffamework irbdudes: Identificatlon and evaluatlon of key risks Responsibility has been clearly defined for the identification. evaluation and control of significant risks. There is an ongoing process of review by the Trustees in each area of the Charl￿$ activities. The fesults continue to be reviewed by the Trustees on a regular basi5. Monitoring and corrective action The Trustees are responsible for ensuring the process of control through self-assessrnent is effective and ihot reporting on control issues Pfovides assurance to the Trustee5. This include5 3 procedure foi ensuring that effective monitoring is in place and that correttive action is taken in relation to any sÉ8nificant control issues. particularly those with a material impact C5n the financial st2tÈment5 Control environment and control procedures The Trustees retain responsibility for a defined ran8e of issues covering strategic, operational. financial, and compliance issue5 includin8 treasury strategy and new investment projects. Policies and procedures coveT such issues as delegated authority, segregation of duties, a¢couniin8. treasury management. health and safety, data and asset protection and fraud prevention and detection. Rogers, Almshouse5 Report ol the Trustee5 For the year ended 31 December 2025 Icont'dl Informatlon and flnanclal reportlne sV5tems Financial reporting procedures include detailed bud8et5 for ihe year ahead. These are re¥iewe¢J and approved by ihe Trustees. The Trustees also review key pèrformance Indicarors regularly to assess pro8re55 towards the achievement of key busines5 objectNes, tar8ets and out£omes. Auditor5 A resolution to re-appoint L2thgow Perkins tLP as the Charity s auditors. will be proposed at the Annual General Meeting. Governance The Trusiees have adopted the Charity Comrni55ion's Good Governance Code and abide by its principles. The Trustees conf1rrn that the Charity complie5 Wlth the Regulator of Socsal Housing's Governance 8nd Financial Viabi ity Standard. A governance sub-group has compiled and monitors a risk reBister. Management Day to day responsibility for management of the Almshouses and implementation of policy set by the Trustees is undertaken with the assistance of Lithgow Perkins LLP, Chartered Accountapt5. who provide accounting support and ensure payments are made in a timely fashion to supplierg. A part timè Scheme Manè8er a150 provides support to the Trustees. A5 Chairman ol the Trustees. I would like to record my appreciation of the support and hard work of my fellow TTU5tees, our Scheme Managef and accountant in ensuring that the Charity moves forward in a way of which I believe our founder would be proud. l a150 record appreciation of the Trustees for the help and support given by Saffer Cooper who Provide valuable ssistance in helpin8 the Trustees to understand legislative requirements. Approved by the Trustees on ID•tel nd M G PTl¢e Rogers. Almshouses Independent Auditorfs Report to the members of Rogerg Almshouse5 Oplnlon We have audited the financial statements of Rogers. Almshouses ~the chafity" for the year ended 31 December 2025 which comprise the Stalement of Financial Activities. the Balance Sheet. the Cash Flow Statement and the related notes. The financial reporting frarnework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. Including FRS 102"The Financial Reporting StanLlard applicable in Ihe UK and Republi¢ of Ireland- (United Kingdom Generally Accepted Accounting Pratticel. We have been appointed a5 auditor under section 154 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. In our opinion. the financial statements: give a true and fabr view of the state of ihe charl￿5 affairs as at 31 December 2025 and of it5 incomin8 resources and application of resources. includin8 Its income and expendilure for the year then ended.. have been properly prepared in accordance with United Kin8dom Generally Accepted Accounting Practice and have been prepared in accordance wilh the requiremenis of Ch8rities Act 2011. the Housin8 and Regeneration Act 2008 and ihe Accounting Direction for Private Re8i51ered Providers of social Housing 2019. Basls for opinion We conducted our audit in accordance with Internaiional Standards on audilin8 IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditorfs respon5ibililies for the audit of the financial statements section of our report. We are independeni of the Association in ac¢ordance with the ethical req￿IreMentS Ihat are relevant io our audit of the financial statements in the UK. including the FRCS Ethical Standard and we have fulfilled our other ethical responsibilities in accordance wilh these requirements. We believe that the audit evidence we have obtained 15 syfficient and appropriate to provide a basis for our opinion. Conclusions relatlng to goln¥ concern In auditing the financial statements. we have concluded that the Trustees, use of the Boing toncern basis of accounting in the preparation of financi31 statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties related to event5 or condition5 that. individually or collectively, may casr doubt on the charity's ability io continue as a going concern for a period of at lea51 twelve months from when the financial statements are authori5ed for issue. Our responsibilities and the responsibilitie5 of the Trustees with respect to going concern are described in the relevant Sections of this report. other Information The other informaiion comprises the information included in ihe Report of the Trustèes. other than the financial statements and our auditorfs report thereon. The trustee5 are responsible for the other information. Our opinion on the financial statement5 does not cover the other information and. except to the extent otherwise expli¢itly stated in our report. we do not express any form of assurartce condusion thereon. Rogers, Almshouses Independent Auditorf5 Report to the members of Rogers. Alrnshouses Matters on whlth we are required to report by exception We have nothing to report in re5ped of the following matters in relation to which the Charities (Accounts and Reports) Re8ulations 2CM18 requires us to report to you if. in our opinion.. the information given in the financial statements is inconsistent in any material respect wilh the tru5tees' report. or the charity has not kept proper accounting records.. or the financial statements are not in agreement with the accounting records.. or we havè not received all the information and explanation5 we require for our audit. Responslbllltles of trustees As explained more fully in the Statement of Trustees. Responsibilities set out on pages 7 and 8. the trustees are responsible for the preparation of the financial Statements and for being satisfied that they give a irue and fair view, and lor such Internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement. whether due to fraud or error. In preparing the financial staternents. the tru51ees are responsible for assessing the charitvs ability to continue as a going concern, disclosing. as applicable. matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no rea11Stic alternative but to do so. Auditorfs responsibilities for the audrl of the financial statements Our objectives are io obtain rèasonable assurance about whether rhe fin8ncial siatements as a whole are free from material misstaiement, whether due to fraud or error, and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance. but is not 3 guarantee that an audit conducted in accordance with ISAS IUKI will always detect a Material misstatement when il exists. Misstatements can aiise from fraud or error and re considered material if. individLtally or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on ihe basis of these linancial statements. A further description of our responsibilities for the audit of the financial statements is located on ihe Financial Reportin8 Council's website at: www.fic.or8.uklauditorsresponsibilitie5. This description lorms part of our auditor's report. The ejrtertt to whlch tht audli was considered capable of deterting irregularities includlng fraud We identify and a55ess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks. including obtainin8 audit evidence that is sufficient and appropiiate to provide a basis for our opinion. In identifying and addressing risks of material mi55t3tement in respect of irregularities. including fraud and non- compliance with laws and regulation5. our procedures Jncluded the following: We obtained an undersianding of laws. regulètions and guidance that affect the charity, focusing on those that had a direct effect on the financial statements or thèt had a fundamental effett on its operations. Key laws, regulations and guidante that we idenlified included the Statement of Retommended Practice for regisrered housing providers.. Housing SORP 2018. the Housin8 and Regenefation Act 2008, tax legislation and saletv legi51aiion. io Rogers. Almshouses Independent Auditorfs Report to the members of Rogerf Almshouses We enquired of thè trustees, and reviewed correspondence and board meeting minutes for evidence of non- compliance with relevant laws and regulation5. We also reviewed ¢ontiols the trustees have in place. where necessary. to ensure complian￿. We gained an understanding of the controls th31 the trustees have in place to pievent and detect fraud. We enquired of the trustees about any inciden￿$ of fraud that had taken place during the accounting period. The rlsk of fraud and non-compliance with laws and regulations was discussed within the audit team and tes15 were planned and performed to address these risks. We reviewed financial statemènts disclosures and suptK)rting documentation to assess compliance with relevant laws and regulations di5¢ussed above. We enquired of the trustees about actual and poiential litigation and claims. We performed analwical procedures to identify any unusual or unexpected relationships ihat might Indicate risks of material mi551atement due to fraud. In addressing the risk of fraud due to rnana8ement override of internal ¢ontro15 we tested the appropriateness ol journal entries and assessed whether the jydgements made in making accounting estimates were indicative of a potential bias. There are inherent limitations in our audbt procedures described above. The more removed that law5 and re8ulations are from financial transactions. the less likely it is thal we would become aware of non Date.. l June 2026 Chartered Accountants Statutory Audltors Crown Chambers Prin¢es Street HARROGATE HGI INJ li Rogers, Almshouses Statement of Flnanclal Activlties For the year ended 31 December 2025 Unrestricted Funds 2025 Designated Funds 2025 Total Funds 202$ Total Funds 2024 Notes Income from: Donation5 ènd le8acies Charitable activities- social housing Investment5 85,000 92,300 16,288 193,588 113.138 15.301 113.138 15.301 Total Income 128.439 128.439 Expendlture on.. Charitable èctivities- sooal housing Total expendlture 1107.6811 1107,6811 1107.6811 1107.6811 1110,0691 1110.0691 Net gain51110ssesl on inve5tmentS 12 41.033 41,033 14,145 Net leMpendlturell5ncom* and net movement In funds 61.791 61.791 97,664 Reconclllatlon of funds.. Total funds brought forward Total funds carried forward 655.421 717.212 424,955 424.9S5 1.080,376 1.142,167 982.712 1.080,376 All of the above resulls derive from the corttinuing operation5 of the Charity. The note5 on pa8es IS to 23 form an integral pan of these financial statements. The flnandal statements on pa8es 12 to 23 were appr(r4ed and authorlsed for Issue by the Board of Trustees on 6 May 2025 and were $￿e& on Its behalf b¥: •f•nd M G Prl¥e Trustee Mrm 12 Rogers, Almshouses 8alance Sheet At 310ecember2025 2025 2024 Hxed a$5ets Tangible fixed assets Investments li 12 723,139 394,114 729,541 338,581 1.117.253 1,068,122 Curreni assets Debtor5 Cash and cash equivalents 13 14 3.394 33,070 14.188 36.119 Les5'. Creditors.. amounts lalling due within one year 15 111.S501 138.OS31 Net current assetslllabilities 24,914 12,254 Total assets less current liabilitiès 1,142.167 1,080,376 Total net 35sets 1.142,167 1.080,376 Funds of the charlty Unrestricted funds.. UnrestTlCted general fund Social Housin8 Grant lund 16 16 717,212 424,955 655,421 424,955 Total charlty funds 1.142.167 1,080.376 The notes on pa8es IS ¢0 23 lorm an inte8ral part of these financial staiements. The flnanclal statements on pa$e$ 12 to 23 were appro¥ed and authwlsed lor Issue by the V404rd of Trustees on 6 May 2026 and were 518ned on its behalf by.. Chair erend M G Prlce Trust*• MrMAWri8 13 Rogers, Almshouses Statement of Cash Flows For the year ended 31 December 2025 2025 2024 Net cash generated from operatlnB artivities (see Note I below) 7,284 111,071 Cash Ilow from Inve5tlng actlv5tles Purchase of tangible fixed assets Purchase ol investments Sale of investments Interest and similar income received 111.1341 114.5001 1208.2781 114.0121 65.907 16.288 15.301 110.3331 1140.0951 Net change In cash and cash equlvalents Cash and cash equivalents at beglnnlng of the year 13.0491 36,119 129,0241 65,143 Cash and tash equlvalent5 at end of the year 33.070 36.119 Note I Net incomellèxpenditurel for the year 61.791 97,664 Adjustmenis for non-cash item5'. Oepreciation of tangible fixed asset5 Oecreasellincreasel in irade and other debtors IDecrea5el/increase in trade arbd other creditor5 Loss/lgainl on revaluation of fi¥ed asset investments 17.536 10.794 126.5031 141,0331 15.554 11.0601 29,346 114,1451 Adjustments for investin8 or financing activities= Interest and similar income received 115,3011 116,2881 Net cash generated from operating activities 7,284 111,071 The notes on pages 15 to 23 form an integral part of these financial staiements. 14 Rogers, Almshouses Note5 to the Financial Statements For the year ended 31 De￿rnber 2025 General informatlon The Charity is an unirtcorporated Charity registered in England and Wales. a member of the National Almshouse Association and is registered with the Regulator of Social Housing as a Private Registered Provider of Social Housin8. The registered office is Crown Chambers, Princes Street, Harrogate. HGI IW. Prlndpal accountlng policies Basls of accountlng The financial statements have been PTep3ied in accordance with applicable United Kingdom Generallv Accepted Accounting Practice (UK GAAPI and Accountin8 and Reportirsg by Charities.. Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in ihe UK and Republic of Ireland IFRS 1021 (effective l January 20191 (Charitie5 SORP IFRS 1021 (second edition- Ortober 201911, thè Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021, the Chariiies Art 2011 and the Accounting Direction for Private Registered Providers of Social Housine 2019. The accounts are prepared on the historical cost basis of accounting except as rnodified by the revaluation ol invesiments and are presenied in pound5 Sterlin8. The financial statements have been prepared in compliance with FRS 102. In complying with FRS 102 the Charity meets the definition of a public benefit entity. Goln8 concern The financial statements have been prepared on a goin8 concern basis which assumes an ability to continue tsperarin8 for the foreseeable future. The Trustees have concluded ihat they are confident that the Charity will continue as a goin8 concern based on the cash flow forecasts and significant value of free reserves held by the Charity. The Trustees are of the opinion that the Charity will have sufficient resources to meet it5 liabilities as they fall due. Judgements and key sources of estlmation uncertalnty The preparation of the finaneial siatement5 requiies rnanagement to make judgements. estimates and assumptions that affect the amounts reported for assets and liabilitie5 as at the balance sheet date and the amounts reported for revenues and expenses during the year. However. the nature of estimation means that actual outcomes could differ from those esiimate5. The following judgements lapart from those involving estimate51 have had the most significant eltect on amounts reco8nised in the fhnancial statements. Cate8orisation of housing properties The Charity has undertaken a detailed review of the intended use of all housing properties. In determining the intended use. the Charity has considered if the asset is held for Social benefit or to earn comrnerci31 rentals. IrnP3irmeni The Charity has identified a cash 8enerating unit for irnpairment assessment purposes at a propertv scheme level. 15 Rogers, Almshouses Notes to the Financial Statements For the year ended 31 December 2025 Prin¢lpal accountin8 policles Icontinuedl Other key souices of estimalion and assumptions.. Tangible fixed a55ets Tangible fixed assets 3redepreci3ted overtheir useful lives iaking into account residual values, where appiopriate. The actual lives of the assets and residual values are assessed annually and may varv depending on a number of factors. In re-asse55ing asset lives, factors such as technological innovation, produci life cycles and maintenance programrnes are taken into account. Resldual value assessments consider issues such as fuiure rn3rket conditions. the iemaining life of the a55et and projected disposal values. Impairment of non-financial assets Reviews for impairment of housing properties are carried oui when a trig8er has occurred and any impairment loss in a cash generating unli is recognbsed by a charge to the Statement of Financial Activities. Impairment is recognised whère the carrying value ol a cash generating unit exceeds ihe higher of its net realisablè value or its value in use. A cash generating unit is normally a group of properties at scheme level whose Cash income can be Separately identified. The Charity has assessed ihat no trigger for an impairmeni review has occurred. Income recognition Income from social hou5inE 3cliviiies repre5enis weekly maintenance charge receivable. including water rates nd other income and 15 recognised in relaiion to the period when the goods or seTVltes have been supplied. Weekly maintenance charge income is reco8nised when the property is available for occupation. nel of voids. Distributions and interest on investments are indvded on the accruals basis by reference to the due date of payment. rvlce char8es Service char8e intome and costs are reco8ni5ed on an accruals basis. Taxation The Charity is a registered Charity and is. therefore. exempt from any liability to taxation on its income and capital gains. The Charity 15 not registered for VAT and therefore expenditure is stated inclusive of VAT. Tangible fixed assets and depreclatl( Tan8ible fixed assets are stated at cost. less accumulaied depreciation. Freehold land 15 not depreciated. Houslng properties Whère a housing properly cornprises iwo or more major cornponents with substantially different useful economic live5 IUELS). each component is accounted for Separately and depreciated over it5 individual UEL. Expenditure relating to subsequent replacement or renewal of components 15 Capltalised 35 incurred. 16 Rogers, Almshouses Notes to the Financial Statements For the year ended 31 Deomber 2025 Prlnclpal accountirtg poll