Wm Fortune & Son Chartered Ac¢ountallts The Hunter Memorial Homes Trust Clo Durham Aged MiLework¢rs> Homes A55ociJdon PO Box 31 The Grove 168 Front Street Chester le Street County Durham DH3 3YII Collingiyood House Chureh Square H2rtlepool TS24 7EN l)ear Si We confrm that the fo]lowtttg infonnation in connection with your audxt of the financial statements for the year ended 31" March 2024 is to the bcst of our knowledge and belief, t￿￿ and fair, bcaring in mind the requiTunents of Ihe Charities A¢t 2011 and the Housing and R¢g¢nerntion Act 2008. General To the best of our l(nowledg¢ aud belief all ¢ranSacti{)￿ undertakell by the coftrLpany have been pmperly recorded in tbe accouDting re£ords and these financi81 staterLents and all relevant records have bwi giv¢n to you. Accountlng Pollcles The ac¢ountin8 FK)li¢ies used are detsila in the financial Statements and are con3iStent with those adopted in the previous fmancial st2tett3ents. Ineoffte and ExpendI￿re Aeeount £23,134 Except as disclosed in th& financial ststements. the results for dle year were not materially affKted by. (a) transactions of a son not usually undrytaken by the company. (b) C1￿UL￿StanCes of aD exceptional OT nOn-￿cUlr¢nt nature, (c) cb8Tges or credtts relatitig to prior periods or (d) any ¢hange in tkn basis of accountin Any expendÈture included in the fu￿￿la1 stat¢mcots (where receipts or voUch￿S were not av4ilabl¢) was propeAy ￿ade in Connection with the callying on of the company's ￿sIness, unl¢ss specifically notif￿ io you as being of ¢ private nature. Fixed A55ets £420,855 (a} The company has a satisfactory titio to all fLxed assets included in the fllmicial Stat¢mouts. Ib) Tbe ￿￿ed &ss¢ts to vAiich the company bas satisfactory title are included in the fJnan¢ial Statements. (c) All amoullt5 of ¢xpenditur¢ capitali8ed ID Tespeot of f￿ed as5els a8 detailed in the financial statements represettt expenditure ifAcurred in acqulring additional ftssets or improvin2 existillg assets. No eXpendltL￿e capitalised is of a revenue oature. Debtors £ Ba1￿c¢S iuclu&d in the fuwjcial statements are zll valid debÈon or prepayn]ents. No bad debts were written off and full prnvision has been mad¢ agaiust S￿IfiC debts wbich ar¢ known or may be expected to be irrecoverabk. Investment8 £047J69 IJ) our opinit)n, inv¢stmeDts are expected to realise in the ordinary course of buSin￿S at least the amollnts at which they are stated in the canwy's Balanc¢ Sheet. Liabllldes (£Q113) AU known liabilities of material amount at 31 March 2024 Jre 8hown in the fmancial staTrments including the liability for all pur¢haw to which title has p&ssed prior to 31 March 2024 and for all items included in stOGks. Capltal Committt]¢nt8 At 31 March 2024 there were no witsl cornti)itments. Contingent Liabilities No ¢on*ingent liabilities existed at 31 March 2024. Post Balance Sheel Events No ¢vents have occured between 31 March 2024 and the date of this letter which could materially affect the financial ststements. 10. TrAnsa¢tiollS Ivlth Trustses The CoJnp8ny has had at no time during Ibe year any atraug¢[n￿E transaction or asre¢Eu¢nt to provid¢ ￿EdIt facilllies (incluthng logn4 quasi-loans or credit traftsactions) for the TnL8tees nor to guardatse or provAde security for sucb matter 11. Other Related Party Transattions There were no related paty transaGtioJs thirfng the year ended 31 March 2024. 12. Going Concern In our opinion, the fftpany will have adequate resollrces Available to fiDance its tr8dill8 and other obligations thr2ng the course of the iwefve months from the date of this letter. 13. Law and RegulatioDs We cottfll￿ thal the company ￿S complicd with all law and re8ul*ions relevant Éo the xtivities of the ¢ompany during the year under audit and that we have made available all such relevant informati¢)n necessary for audit pu0)0s￿. Yours faithfillly Jw4 Tn￿te¢ lÉ> ££71 20L*. THE HUNTER MEMORIAL HOMES TRUST TRUSTEES. ANNUAL REPORT AND ACCOUNTS For the year ended 31 March 2024 Incorporating the accounts of THOMAS PYE'S CHARITY Charity Number 500818 Registered Charity Number 500818 RegIste￿d Soclal Landlord Number A2635 If you would like addltional informatlon regarding any of the Charity's activities, pollcles, rules, complalnts procedures etc, please contact the Association's Managing Agents:_ The HUNTER Memorial homes TRUST Trustees, annual report and accounts Charity Number 500818 Durham Aged Mlneworkers. Homes Association The Grove PO Box 31 168 Front Street Chester-le-street Co. Durham DH3 3YH Telephone." Fax." En7ail.' Web51te.' (0191) 3881111 (0191} 3882838 Info@damha.org,uk www.damha.org.uk The HUNTER Memorial homes TRUST Trustees, annual report and accounts Charity Number 500818 Contents Trustees and Advisors............,............... Report of the Tru5tees............................... Statement of the Responsibilities of the Trustees in Respect of the Accounts. Report of the Audltors.................... statement of comprehensive Income for the year ended 31st March 2024 Statement of changes In reserves for the year ended 31st March 2024 Statement of financial position as at 31st March 2024.... Notes io li .12-19 The HUNTER Memorial homes TRUST Trustees. annual report and accounts Charity Number 5008] 8 Trustees and Advisors Trustees S Foley (Chairman) K McDonald C Livesy Cllr S Peacock J Gaunt Advlsors Managlng Agents Durham Aged Mineworkers, Homes Association POBox31 The Grove 168 Front street Chester-le-street Co. Durham DH3 3YH Audftors Wm. Fortune & Son Collingwood House Church Square Hartlepool T524 7EN Telephone: Fax: Email: Webslte: (0191) 3881111 (0191) 3882838 info@damha.org.uk www.damha.org.uk Bankers TSB Bank plc Morpeth Branch Morpeth Northumberland NE61 IAN The HUNTER Memorial homes TRUST Trustees, annual report and accounts Charity Number 500818 Report of the Trustees Thls report has been prepared in accordance with relevant legislation Including the Statement of Recommended Practlce 'Accounting by Charities, issued by the Charity Commission and 'Internal Financial Control & Financlal Reporting, issued by the former Tenant Services Authority. The Trustees present their report together with audited financlal statements for the period ended 31st March 2024, Status The Hunter Memorial Homes Trust Is a Registered Charlty, registered wlth the Charity Commission (number 500818) and a Registered Soclal Landlord (number A2635), reglstered with the Regulator of Social Houslng. Governing Docurnent The trust was established under the will of Wllllam Hunter dated 6th June 1955 and is governed in accordance with the requirements of the Charity Commlssion Schemes dated 16th February 1970 and 2nd January 1974. Board of Trustees The persons who are Trustees are set out on page 2. The pollcy when recruiting new Trustees is to appolnt those wlth relevant skills to carry out the business of the charity. Objectives and Activities The trust was founded under the wlll of William Hunter, a man who lived most of hls Ilfe in South Afrlca and who died there in 1955. However, the funds were transferred to Enoland only over a long period between 1969 and 1986, During that time, both capital and income were recelved from South Africa. The trust's object, as provided In Wllliam Hunter's will, is to provide almshouses for elderly people in the town of Morpeth. The trust provides eight flats for elderly people. SIX were purpose built. four in Oldgate (1972) and two in Howard Road (1979). Two further units were created by the conversion of the former Council Cottage in Gas House Lane. In 2010 the trust bought a two bedroomed bungalow in St Aidans Crescent and in 2011 bought another bungalow in Merley Gate, also for older people. The trust may not charge rent for dwelllngs, only a maintenance charge sufficient to manage them and keep them in good repair. Wherever the terms "rent" and "tenant are used, It Is for convenience only and has no other significance. The HUNTER Memorial homes TRUST Trustees, annual report and accounts Charity Number 500818 Management Durham Aged Mineworkers, Homes Assoclatlon act as managing agents. Review of Actlvlty The trustees. met on four occasions during the financial year. The trust had no vold pmpertles In the year. The HUNTER Memorial homes TRUST Trustees, annual report and accounts Charity Number 500818 Value for Money Statement The Registered Charity is commltted to being an effective and efficient soclal business achlevlng Value for Money ("VFM") in all Its attivities. As the charity only has 10 unlts to achieve VFM It benefits from the policies and procedures of DAMHA (the managing agent). Examples of thls are where a new central heating boiler is required the costs are those negotiated by DAMHA who have In excess of 1700 units. This principle also applies for replacement windows, kitchens and bathrooms as requlred. Qulnquennial Inspections are carried out to schedule planned maintenance, that salé, many of the improvements are carried out during void periods due to the age and vulnerablllty of the residents. Through the management agreement Hunter Homes have a cost effective process of managing day to day repairs and the collection of the weekly malntenance charge. Residents can also contact housing officers on a free phone number. Addltional VFM is achieved by using, where appropriate, local contractors, e.g. landscape maintenance. Key areas of Performance for the Charity over time in relation to VFM are as follows.. Metric 024 202 2022 Reinvestment Nla 0.900/0 N/a New Supply delivered: a}Social housing units b) Non-social houslng units N/a N/a 00/0 N/a N/a 00/0 N/a N/a 00/0 Gearing Earnings before interest, taxation, depreciation and amortisatlon 00/0 00/0 0% Headline scclal housing cost per unit Operating margin: a) Social lettings only b) Overal I £4,439 £5,117 £4,291 -8.320/0 -8.320/0 -22.30 % -37.470/0 -22.300/0 The HUNTER Memorial homes TRUST Trustees, annual report and accounts Charity Number 500818 Statement of Trustees. responsibilities in respect of the Trustees. Report and the financlal statements Under charity law, the Trustees are responsible for preparing the Trustees's Annual Report and the financial statements in accordance with applicable law and regulations. The financlal statements are required by law to glve a true and fair view of the state of affairs of the charlty and of the surplus or deficit for that period. In preparlng these financlal statements, the Trustees are requlred to: select suitable accounting pollcies and then apply them consistently. make judgements and estimates that are reasonable and prudent; state whether the recommendatlons of the Statement of Recommended Practlce have been followed, subject to any material departures disclosed and explained in the financial statements; state whether the flnancial statements comply with the trust deed, subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless It Is inapproprlate to presume that the association will continue in buslness. The Trustees are responslble for keeping proper accounting records, sufficlent to disclose at any time, with reasonable accuracy, the flnancial position of the charity at that time and enable the Trustees to ensure that its financlal statements comply with the Charities Act 2011, the Houslng and Regeneration Act 2008 and the Accounting Directlon for Private Fiegistered Providers of Social Housing In England 2015. The Trustees have general responsiblllty for taking such steps as are reasonably open to them to safeguard the assets of the Associatlon and to prevent and detect fraud and other ir￿guIar1ties, The Trustees are responsible for the maintenance and integrity of the corporate and flnanclal Information Included on the Assoclatlon's webslte. Legislation In the UK governing the preparatlon ané dissemination of financial statements may dlffer from leglslation in other jurisdictions. Slgned on behalf of the Trustees S Foley Chair 26th September 2024 The HUNTER Memorial homes TRUST Tnistees, annual report and accounts Charity Nurnber 500818 Report of the Auditors We have audlted the financial statements of The Hunter Memorlal Homes Trust for the year ended 31st March 2024 on pages 9 to 18. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Klngdom Generally Accepted Accounting Prartice) Including FRS 102 "The Financial Reportlng standard appllcable in the UK and Republlc of Ireland" This report is made solely to the association's members, as a body, in accordance with the Housing and Regeneration Act 2008, section 144 of the Charities Act 2011 and regulations made under sectlon 154 of that Act. Our audit work has been undertaken so that we might state to the assoclatlon's members those matters we are required to state to them In an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the assoclatlon and the association's members, as a body, for our audit work, for this report, or for the oplnions we have formed. Respective responsibilities of the Board of Trustees and auditor As more fully explained in the Statement of Trustees, Responsibllltles set out on page 6 the Board of Trustees Is responsible for the preparation of financlal statements whlch give a true and fair view. Our responslblllty Is to audit, and express an opinion on, the flnancial statements in accordance with applicable law and Internatlonal Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practlces Board's (APB'S) Ethical Standards for Audltors. Basls of Opinion We conducted the audit in accordance with Auditing Standards issued by the Auditing Practices Board. An audit includes exarnination, on a test basis, of evidence relevant to the amounts and dlsclosures in the accounts. It also Includes an assessment of the significant estimates and Judgements made by the Trustees in the preparatlon of the accounts, and of whether the accounting policles are approprlate to the Charity's circumstances, conslstently applled and adequately disclosed. We planned and performed our audit so as to obtain all the information and explanation, whlch we considered necessary in order to provide us with sufflcient evidence to give reasonable assurance that the accounts are free from material mlsstatement, whether caused by fraud or other irregularlty or error. In forming our opinion we also evaluated the overall adequacy of the presentation of information in the accounts. Opinion In our oplnlon the financial statements: glve a true and fair view, in accordance wlth UK Generally Accepted Accounting Practice, of the state of affairs of the association as at 31 March 2024 and of Its Incoming resources and application of those resources. have been properly prepared in accordance wlth UK Generally Accepted Accounting Practice includlng FRS 102; and The HUNTER Memorial homes TRUST Trustees, annual report and accounts Charity Number 500818 have been properly prepared In accordance with the Charltles Act 2011, the Housing and Regeneration Act 2008 and the Accounting Direction for Private Registered Provlders of Social Housing 2015. Matters on which we are required to report by exception We have nothlng to report In respect of the following matters where the Charities Act 2011 and the Regeneration Act 2008 requires us to report to you if, in our opinion: the information given In the Trustees, Annual Report is inconsistent in any materlal respect wlth the financial statements. or the association has not kept sufflcient accounting records. or the financial statements are not in agreement wlth the accountlng records and returns. or we have not received all the information and explanations we require for our audit. Under the Housing and Regeneration Act 2008, we are required to report to you if, in our opinion: proper accounting records of its transactions and its assets and liabilities in relation to its housing activities have not been kept, and a satisfactory system of control of those records, its cash holdings and its receipts and remittances in relation to those activities has not been maintained Wm. Fortune & Son, Registered Auditors Collingwood House Church Square Hartlepool TS24 7EN 024 The HUNTER Memonal homes TRUST Trustees, annual report and accounts Charity Number 500818 Statement of Comprehensive Income for the year ended 31st March 2024 Notes 2024 2023 Turnover 49,662 44,460 Operating Costs (44,394) (51,172) Depreciation (9,398) (9,146) Operating (Deflcit)/Surplus (4,130) (15,858) Loss on disposal of Fixed Assets (803) Inte￿st receivable 27,264 24,300 Total Comprehensive Income for the year Transfer from Designated Reserves 23,134 7,639 Income and Expenditure Reserve at l April 23 513,499 505,860 Income and Expenditure Reserve at 31 March 24 536,633 513,499 All income and expenditure shown above relates to continuing activities. Tre HUNTER Memorial homes TRUST Trustees. annual report and accounts Charity Number 500818 Statement of Changes in Reserves For the year ended 31 March 2024 Investment Revaluation Reserve Pernianent Reserve Designated Resen Revenue Reserve Total Reserves Balance 39 at 1st April 2023 123,810 37,107 351,165 513,499 1,025,581 Total comprehensive income/(Deflclt) for the year 23,134 23,134 Revaluatlon deflclt arlsing during the year (108) (1,368) 11,359 9,683 Balance a5 at 31# March 2024 123,702 35,739 362,524 536,633 1.058.598 io _The HUNTER Memorial homes TRUST Trustees' annual report and accounts Charity Number 500818_ ## **Statement of Financial Position** **as at 31 st March 2024** |**as at 31 st stMarch 2024**|||||| |---|---|---|---|---|---| ||**_Notes_**|**_2024_**|**2024**|**_2023_**|**2023**| |||**£**|**£**|**£**|**£**| |**Fixed Assets**|||||| |Tangible Assets|6a||420,855||430,253| |Investments|7||647,169||617,143| ||||1,068,024||1,047,396| |**Current Assets**|||||| |Debtors|8|984||1,430|| |Cash at bank and in hand||98,885||84,331|| |||99,869||85,761|| |**Creditors:**Amounts falling|||||| |due within one year|9|(6,113)||(3,204)|| |**Net Current Assets**|||93,756||82,557| |**Total Assets**|||1,161,779||1,129,953| |**Creditors:**Amounts falling|||||| |due after more than one year|6b||(103,181)||(104,372)| |**Total Net Assets**|||1,058,598||1,025,581| |**Reserves**|||||| |Permanent Endowments|||123,702||123,810| |Investment Revaluation Reserve|||35,739||37,107| |Designated Reserves:|||||| |Cyclical Maintenance Fund|||72,151||72,151| |Extraordinary Repairs Fund|||290,373||279,014| |Revenue Reserve|||536,633||513,499| ||||1,058,598||1,025,581| The financial statements shown on pages 9 to 18 were approved by the Trustees on 26th September 2024 a **n** reha **lf s;;;.1;; ;/ by: .. . . Chair** _**-**_ **. .** . . . Trustee · · · **· ·** ··· 11 The HUNTER Memorial homes TRUST Trustees, annual report and accounts Charity Number 500818 Notes Accounting Policies Basis of accounting The financial statements of the Association are prepared under the hlstorical cost conventlon, except for investments whlch are held at market value, This is in accordance with applicable accounting standards, namely, UK Generally AcTrpted Accounting Practice (UK GAAP) Including Financial Reporting Standard 102 (FRS 102} and the Housing SORP 2014: Statement of Recommended Practice for Reglstered Soclal Housing Providers and comply with the Accountlng Direction for Private Registered Providers of Social Housing 2015. While the Association is an Unincorporated Charity and a member of the National Association of Almshouses, the Association Is also a Registered Social Housing Provlder. Therefore the financial statements have been prepared in compliance with the Housing SORP 2014 to enable consistency, ease and transparency in our reporting to the houslng regulator. Cash Flows As a small Registered Social Housing Provider The Hunter Memorlal Homes Trust have elected to use theSr exemption to prepare a statement of cash flows. Flxed Asset Investments Investments classified under flxed assets are stated at market value at the balance sheet date, where this is readily identifiable. All other Investments are stated at cost. Golng Concern The Association's forecasts and projectlons show that the Association should be able to continue to operate within the level of its current facilities and no matters have been drawn to Its attention to suggest that future fundlng may not be forthcomlng on acceptable terms. After making enquiries, the Trustees have a reasonable expectatlon that the Association has adequate resources to continue In operational existence for the foreseeable future. Accordingly, they contlnue to adopt the going concern basis in preparing these financial statements. Housing Properties Houslng properties are stated at cost, less accumulated depreciation. Major components of housing properties, such as windows and heating components, have been accounted for and éepreciated separately from the main fabrlc, over their expected econornic Ilves. Depreciation Is charged at the rates applied below to write off the cost of the asset over their expected useful economic lives. Lan Maln Fabric Roof Electrlcals Windows External Doors Bathmom Kitchen Bollers Not Depreclated 100 years stralght line 40 years straight line 30 years straight Ilne 25 years straight line 25 years straight line 20 years straight line 15 years straight line 15 years straight line 12 The HUIVTER Memorial homes TRUST Trustees, annual report and accounts Charity Number 500818 Heatlng Installatlons 30 years straight line The Social Housing grant has been applled against the land in the first instance and then to the Main Fabric of the buildlng. The grant Is amortised over 100 years and released back Into the statement of Comprehensive Income. Fixtures and fittings are depreciated over 10 years on a straight line basis. Soclal Housing Grant Social Houslng Grant (SHG) ￿ceiVed as a capltal contribution, In line with SORP2014 and the 'accruals rnethod,, is held separately as a creditor due after more than one year, unless part of the SHG relates to a disposal of property and becomes recycled or repayable, in which case it is apportioned to creditors due less than one year accordlngly. The 'accruals method, is applied as the RSHP holds all soclal housing properties at their historlc cost. The SHG Is then amortlsed in line with depreciation of the 'structure' component of the housing properties and released over 100 years (IO/o). The amortisation released In respect of the SHG is recognised in the Staternent of Comprehensive Income as 'income'. Turnover Turnover represents all rental, service charge Income ￿ce[Vable and amortised Social Housing Grant. Value added tax The Homes are not reglstered for VAT and where applicable expenditure Includes VAT. Impalrment Annually housing properties are assessed for impairment indicators. This is generally perfortned at scheme or cash-generatlng unit level. Where indicators are Identlfied an assessment for impairment is undertaken comparlng the scheme's carrying amount to its recoverable amount. Where the carrying amount of a scheme is deemed to exceed its recoverable amount, the scheme is written down to its recoverable amount. The resulting impairment loss is recognised as operating expenditure. Where a scheme is currently deemed not to be providing servlce potentlal to the Association, its recoverable amount Is Its fair value less costs to sell. Debtors Debtors are measured at transattlon price, less any impairment. Creditors Creditors are measured at transaction prlce. 13 The HUNTER Memorial homes TRUST Trustees, annual report and accounts Charity Number 500818 Designated Reserves Deslgnated Rese￿eS are part of unrestrlcted reserves whlch have been earmarked by the Board for a partlcular purpose. Such designations may be reversed by future Board decisions. Expenditure cannot be directly set against designated reserves but Is taken through the Statement of Comprehenslve Income. A transfer is then made from designated reserves as appropriate. Administratlon The management of the Association contlnues to be dealt with by Durham Aged Mineworkers, Homes Associatlon (DAMHA) a separately registered housing assoclation (5125). Rental income and administrative costs are recelved and paicl by the agent association who make a management charge for acting as agent. 14 The HUNTER Memorial homes TRUST Trustees, annual report and accounts Charity Number 500818 Turnover and Operatin9 Surplus for the Year by Class of Business 2024 2023 Turnover from lettings Rents and servlce charges receivable Amortlsed government grants 48,471 1,191 49,662 45,383 1,191 46,574 Operating Expendlture Bad debts written off Management Day to day repairs & maintenance SeNices (including Water Rates) Depreciation Total Expenditure on Social Houslng Lettings 20,064 19,481 4,849 9,398 53,792 18,693 28,354 6,045 9,146 62,238 Void Losses (2,114) Senior Executives The Senior Executlves are deflned as the Trustees, who received no emoluments during the year (2023: £nil) Interest receivable and similar Income 2024 2023 Investment income 27,264 24,300 Surplus on Ordinary Activities 2024 2023 The Surplus on ordinary activities is stated after charging: Auditor's remuneration 1,350 1,320 The HUNTER Memorial homes TRUST Tnjstees, annual report and accounts Charity Number 500818 Tangible Assets Housing Properties 2024 Housing Properties 2023 Cost: At 1st April 2023 Addltlons Disposals At 31st March 2024 610,833 609,371 5,475 (4,013} 610,833 610,833 Less: Depreciation At I, April 2023 Charge for the year Disposals At 31. March 2024 (180,580) (9,398) (174,643) (9,146) 3,209 (180,580) (189,978) Net Book Value.. 315t March 2024 É420,855 £ 430,253 6b. Social Houslng Assistance - Creditors falling due after more than one year 2024 2023 Total accumulated soclal housing grant received at 3 1 March 23 119,112 119,112 Recognised In the statement of comprehensive income (15,931) (14,740) Held as deferred Income 103,181 104,372 16 The HUNTER Memorial homes TRUST Trustees, annual report and accounts Charity Number 500818 Notes (continued) Flxed Asset Investments 2024 2023 Valuation at 1st Aprll 2023 Additions Disposals Surplus arlslng on revaluation At 31 March 2024 617,143 20,143 619,184 17,514 9,883 647,169 (19,555) 617,143 7a Restrlcted or Deslgnated Fund Investments Endowrnent Funds Nominal Holding 2024 2023 Thomas Pye's Charlty, (Incorporating Charles Anderson's Bequest) Special Range Unit Trust NAACIF, Income Unlts 1,836 1,669 1,640 Market Value 1,669 1,640 The Hunter Memorial Homes Trust Special Range Unit Trust NAACIF, Income Unlts Charifund Income Unlts 24,750 1,962 22,500 28,569 22,107 29,100 Market Value 51,069 51,207 Designated Funds - Extraordinary Repairs Fund Nominal Holding Special Range Unit Trust NAACIF, Accumulation Units 4,539 520,173 488,671 Market Value 520,173 488,671 17 The HUNTER Memorial homes TRUST Trustees, annual report and accounts Charlty Number 500818 7b Unrestricted Fund Investments Surplus Income Nominal Holding National Savlngs Account Charifund Income Units 741 73,517 740 74,885 5,049 Market Value 74,258 75,625 Total Market Value at End of Year (As Above) 647,169 617,143 Historic Cost As at 1st April Addltlons Disposals As at 31, March 290,983 290,983 290,983 290,983 Debtors 2024 2023 Rental debtors Prepayments and accrued income 151 833 449 981 984 1,430 Creditors: Amounts falllng due withln one year 2024 2023 Prepald rents Trade creditors and accruals other credltors 312 3,502 2,300 6,113 698 1,172 1,334 3,204 18 The HUNTER Memorial homes TRUST Trustees, annual report and accounts Charity Number 500818 Notes (continued) 10. Creditors: Amounts falllng due after more than one year 2024 2023 Social Housing Grant 103,181 104,371 103,181 104,371 ii. Capital Commltments and Contingent Liabilities As at 315t March 2024 there were no capital commltrnents. 19 Wm FORTUNE & SON Chartered AcLountants LollwiX)d 14(BJge. CINN.h *Lvdre. I14Tllewl TQ4 TE1￿￿p. (011￿1-- Th¢ Trustees The Hunter Memorial Homes Trust POBox31 The Grov¢ 168 Front Street Chester le Street County Dutham DH3 3YH TAAICG 26 September 2024 Dear Sirs Audit of Accounts We confirni that the audit of the accounts for the year ended 31 March 2024 was carried out satisfactorily. Ther¢ was nothing to report. YOUTS faithfully rfv.om4> A 11ÉglStwedtocGrTh ortoutlit w