THE JOHN EASTWOOD HOMES REpoirr AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Re8tstered Charlty No: 500931 Charity Commission 14 MAY 2026 Received THEJOH14 EASTWOOD HOMES Index to Flnancial Statements For the Year Ended 310ecember 2025 Charlty Information Tru5tees' Report Independent Examlnerfs Report statement of Financlal Activitie5 Statement of Finan£ial Position Note to the Accounts 7-11 THEJOHN EA￿00D HOMES Charlty Informatlon For the year ènded 31 December 2025 Charlty No: 500931 Mr N Anderton (Chairman) Mr CJ Barker (Treasurer) Mr A H Greenwood Mrs C M Stott Mr A Pollard Dr D Davies (Appointed 6 March 20251 Cllr MaryA Carri an Cllr Rachael Rea IAppointed 6 March 20251 Cllr Mr M F Taylor IResigned 6 March 20251 Secretary: Mrj D Storah Address: 46 Halifax Road Todmorden Lancashlre OL14 5QG A¢¢ountant5: N J Grlndrod & Co First Floor Sovereign Hovse Barehill Street Littleborough OL15 9BL Independent Examlner: Mr N l Grindrod MAAT THE JOHN EASTWOOD HOMES Trust¢e5' Report for the Year Ended 31 D¢tember 2025 The Trustees submlt their report and unavdited flnancial ststements forthe year ended 31 Oecèmber 2025. Legal and administratSve information set OLEt on pa8e I forms part of this report. Trustees The Trustees who Served durlng the year and to the date of this report were: Mr Neil Anderton Ichalrmanl Mr Chrlstopherj Barker ITrea5urerl Mr Anthony H Greenwood Mrs Christine M Stott Mr Anthot)y Pollard Dr Derek Davies (Appointed 6 March 20251 Councillor Mary A Carrigan Councillor Rachel Rea IAppolnted 6 March 20251 Coun¢lllor Michael F Taylor (Resigned 6 March 20251 StrucEurÈ, Governance and Management The Charity is an unincorporated charity, constituted under a trustdated 28July 1971 and Is a registered charlty, number 5CA)931. The day to day running of the charlty is by the trustees. The ¢harity was established from the residuary trust fvnd of the late john Eastwood, which was given to the Corporation of the Borough of Todmorden to purchase land in the sald borou6h and to erert and maintzin, thereon in perpetulty, dwelling hou5éS to be calledThe John Eastwood Homes. foroccvpatlon by poorand Infirm persons of the age of slxty five years and over, either married or single, who have resided in the sald borough for at least twenty years. Objectlves of the charity The objects of the charlty are to provlde hoffle5 for occupation for the poor and infirm persons of thè age of sixty five years and over. either married or single. who have resided in the said borough forthe la5ttwentyyears. Achlewments and performance The charlty ha5, from the start of the year. continued to own 14 dwelllngs which havè been rented out throughout the year in accordance with the objective5 above. The charity has had a satisfattory year. Flnanclal Review There were net incoming resources for the year of £60,08712024.' £51.9501, with retained funds of £1,046,800 12024.. £986,793) at the year end. Public Benelit The charity has continued to maintaln and to rent properties at advantageous rates t(7 the old and infirm in the village of Walsden throughout the year. Rlsk MaDagement The trustees have assessed the major risks to which the charity Is exposed and are satisfied the systems arè in place to mitigate exposure to the major risks. THE JOHN EASTWOOD HOMES Trusteeg Report for the Year Ended 31 December 2025 Reserves Pollcy The chartty has no restri¢ted reserves. All reserve5 are held and available to fvrther the aims of thè tharity. Future Plans In 2020 the charity entered a joint venture development with Calder Valley Community Land Trust to erect 6 dwellings in the old school fleld in Walsden (now named Birks Courtl of which The john Eastwood Homes now owns 2 wlth an optlon to buy the other 4 in the future. These will be acquired when funds so permlt in the ftsture. The charity also holds a plot of land on Blrks Wharf In Walsden, for developmenL which is anticipatèd to commence In summer 2026. Trustee< responsibilities The trustees are responsible for preparlng the Trustees. Annual Report and the financial statements in accordancewith applicable law and United Kingdom Accounting Stsndard5 (United Kin8dom GenerallyAccepted Ac¢ounting Practice). The Law applicable to charities requires the charfty trustees to prepare financlal statements for each financial yèar which give a true and fair view of the state of affair5 of the charity and of the rncoming resources and application of resources of the ¢harity for that period. In preparinÈ the financial statements. the trustees are required to: Select suitable accountlng pollcles and then apply them conslstentlyj ObseNe the methods and principles in the Charities SORP,. Make judgements and estimates th4t are reasonable and prudènt. state whether applicable accounting standard5 have been followed. subjectto any material departures disclosed and explained in the financial statements,. and Prepare the ftnancial ststements on the 8olnB ¢oncern basis unless ft is Inapproprlate to pressure that the charity will continue the business. The trustees are responslble for keeplng proper accountlng records that disclose wlth reasonable accuracy, at any time. the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006, thè applicable Charities IAccounts and Reports) Regulation5, and the prtsvision of the Trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable step5 forthe prevention and detèction of fraud and othèr SrregularitSes. The trustees are responsible for the maintenance and integrity of the charity and financial information included on the ch?rltles webslte. In accordan￿ wbth leglslatlon In the Unfted Klngdom governlng the preparatlon and dlssemin3tlon of financial statements. ON BEHALF OF THE BOARD OF TRUSTEES CJ Barker (Treasurer) Date 0610312026 INDEPENDENT EXAMINER'S REPORT TO THE TRusfEES OF THE JOHN EASTWOOD HOMES I report on the accounts of The john Eastwood Homes forthe year ended 31 December 2025 whlch are set out on pa6es 5 to 11. This report is made solely to the charitvs trustees, as a body in accordance with Section 145 of the Charltles Act 2011. My examination work has been undertaken so that I might state to the charitys trustee5 those matter51 am required to statetothem in an independent examlners report and for no other purpose. Tothe fullest extent permltted by law. I do not accept or assume responslblllty to anyone other that the charity and ltstrustee5 as a body. for my examlnatlons work, for thls report, or for the optlons I have formed. Respective responslbllltles of trustees and examlner The trustees are responsible for the preparation of the accounts. The trustees consider that an audit Is not required for this year under section 144121 of the Chari(ie5 Art 2011 (the 2011 Act) and that an Independent examlnation is needed. Havlng satlsfied myself that the charlty Is notsublect to audft under company law and Is ellglblefor independent examination, It Is my responsibility to.. examine the account5 under section 145 of the 2011 A¢L; to follow thè procedurès lald down in the general directions given by the Charity Commlssion under sectlon 14515llbl of the 2011 Act; and to state whether particular matters have come to my attention. Basls of Independent ￿mInerfs ststements My examination was carrled out In accordance wlth the general directions 8iven by the Charity Commissiort. An examlnation includes a review of the accounting record5 kept by the charity and a comparison of the accounts presented with those records. It also inclvdes conslderation of any unusual Items or dlsclosLtres ill the accounts and seekln8 explanatton5 fro¥n you a5 tru5tee5 concernin8 any such matte￿. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion 55 gfven as to whether the accourtts present a 'true and falr Vie￿ and the report 15 limited to those matters set out In the statement bèlow. Independent examine¢s Statements In connection with my examination, no matter has come to my attentlon: 111 Which gives me reasonable cause to believe that in any materlal respect the requlrements.. To keep accounting records In accordance with section 386 of the Companies Att 2006; and To prepare accounts which accord wlth the accounting records and comply wlth the accounting requSrements of sertion 396 ofthe Companies Act 2006 and wlth the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charl￿e$. Have not been met,. or 121 To which, in my opinion, attention should be drawn In order to enable a proper understandlng If the accounts to be reached. N James MAAT Accountant First Floor Sovereign House Barehill Street Littleborough OL15 9BL Date.- 0610312026 THE JOHN EASTWOOD HOMES Statement of flnanclal Actlthles Iln¢ludlng Income and Expend5ture Ac(ountl For the Year Ended 31 De￿mber 2025 Unrestrfcted Funds 2025 Restrlcted Funds 2025 Total Funds 2025 Total Fund5 2024 Note5 In¢ome Rents received 83,249 83,249 83,921 Investment income- CVLT Totsl Income 553 83.802 553 83,802 541 84.462 LESS Expendlture Exptndlture on Charltable 123,7151 123,7151 132,5121 TOTAL RESOURCES EXPENDED 123,7151 123.7151 132,5121 NETINCOME AND NET MOVEMENT IN FUNDS FOR THE YEAR 60,087 60.087 51,950 TOTAL FUNDS BROUGF FORWARD 986,793 986,793 934.843 TOTAL FUNDS CARRIED FORWARD li 1,046,880 1,046,880 986,793 The company ha5 no recoBnised gains or105se5 other than a5 Stated in the Statement of Financial ActNitie THE JOHN EASTWOOD HOMES Statement of Flnandal Posltlon as at 31 Deomber 2025 2025 2024 Note5 Flxed Assets Land, building and development Costs 683,435 679,541 Investment-CVLT 28,154 711,589 27,601 707,142 CurrentAssetS Cash at bank and in hand 336,521 280,815 Creditor5: Amounts falling due within one year 11,2301 11,1641 Net Current Assets 33S,291 279,651 Total Assets Less Current LÈabilities and Net Assets 1,046,880 986,793 Fund5 d funds li li 1,046,880 986,793 1,046,880 986,793 The Financial statements were approved by the Trustees and authorlsed for Issue on 0610312026 and were signed on their behalf by.. N Anderton Ichairmanl THE JOHN EAsfwooD HOMES Notes to the Flnanclal Statemeirt5 For the Year Ended 31 December 2025 Accountlng Pollcles The Followlng accounting pollue5 have been applied ¢onslstently regardln8 r(em5 considered material to the accounts. al AcryiuntinB con¥entioft The financlal statements have been prepared In accordance with Accounting and Reportlng by Charltiès: Statement of Recommended Practice applicable to charities preparin& their accounts in acEordancÈ with the Financial Reporting Standard applicable in the UK and Republlc of Ireland IFRS 1021 and the Companies Act 2006. Thejohn Eastwood Homes meetsthe deflnition ofa publlc benefit entity under FR5102. Assets and liablllties are initially recognised at histortcal cost or transaction value unle55 OthÈrwise stated in the relevant accountlng pollcy note. The finandal statements are prepared in sterlin& which is the fundional currency of the charity. Monetsry amounts in these flnancial ststements are rounded to the nearèst £. The1Snanclal Statements have been prepared under the hlstorical cost convention. The prlncipal accounting pollcles adopted are set out below. The Charfty ha5 taken advantage of the provisions in the SORP for Charltles applying FRS102 Update Bulletin I not to prepare a Statement of Cash Fltsws. These accounts forthe year ended 31 De£ember 2025 arè thè ninth accounts of The john Eastwood Hornès prepared in accordance wlth FRS102, the Flnancial Reporting Standard applicable in the UK and Republic of Ireland. The date of tran51tion to FR5102 was 6 Aprll 2015. bl Basi5 of Preparation The Trustees have consldered transactlons that are anticipated to take place In the foreseeable future and have ¢on¢luded that no addf(lonal financlal resources wlll be required. On thi5 basis the Trusteè5 have concluded that adoptlll8 the going concern basis of accountlng in preparing the annual financial ststements is appropriate. ¢1 GoTn8 Concern TheTrustees have reasonable expertatlon thatthe charlty has adequate re50urce5to continue in operational existence for the foreseeable future and thus the trustees have concluded that it is approprlate to prepare a¢¢ounts on a golng basls. d) Income reCo￿￿10n All income 15 recogni5ed once the charity has entltlement to the income, there is insufficient tertainly or recelpt and so It Is probable that the Income wlll be received, and the amount of income can be measured rellably. Investment income Is accounted for In the period In whSch it was received. Interest on the bank and other dep051ts Is received gross and accounted for in the period of recelpt. THEJOHN EASTWOOD HOMES Notes to the Financial Statements For the Year Ended 31 December 2025 Attountlng Pollcles-contlnued e} Expendlturé recognltlon Liabilities are recognised as resources expended as soon as there is a legal or constructtve obligation ¢ommitting the Charity to the expendlture. ExpendItU￿ Is accounted for on an accrual basls. ￿1 expenses Including 5UPPQrt cost5 and Bovernance costs are allocated or apportioned to the applicable expendlture headings. Govèrnance costs Governance costs comprise all costs involving the public accountabilltyof the charity and its compllance wlth re8ulatlon and good practice. 81 Fixed 455èts Fixed asset5 are recorded at cost of new build property. No depreclatlon Is charged. h) Debtors Other debtor5 are recognlsed atthesettlement amount due. Prepayments are valued atthè amount prepald nèt of any discounts due. 11 Cash and cash Èqulvalents Cash and cash equivalents include cash In hand, deposits held at call with banks, and other short-term Ilquld investments with original maturities ot three months or less. Charitable expendltur• Unrestrlct8d Funds Restrlcted Funds Total 2025 Total 2024 Dlrect expendlture: General repairs and malntenance Costs Garden maintenance and related costs C3nal discharge costs Vacant property rates and utillty costs Insurance Rent collectlon and resldent monltorlng costs Carellne 365 monitoring c05t5 Sundry expenses 8.806 2,355 120 8.806 2,355 120 16.623 2,337 120 1,467 4,271 260 4,481 4,481 3.290 3,290 3,290 61 28,429 312 3,771 4,083 32,512 19,052 330 4,333 4,663 23,715 19,052 330 4,333 4,663 23,715 Support Costs (see page 91 Governance c05t515ee paBe 91 TOTAL In 2024. all income and expenditure were attributable to unrestricted funds. THE JOHN EASTWOOD HOMES Notes tothe Flnanclal 5tstements For the Year Ended 31 December 2025 Allocatlon of support and governance cost Unrestricted Funds Restricted Funds Total 2025 Total 2024 ALM House subscription Attountancy fee Seuetarlal fee Independent examiners fee 433 900 3,000 330 4,663 433 900 3,000 330 4,663 419 852 2.500 312 4.083 The TrLtstee5 recelved no remuneration in the perlod. No Trustees expellse5 have been Incurred in the perlod. Lan bulldings and garagè5 at Alma Meadow as CQSt16 dwellingsl Land and bulldlngs at Rochdale Road at cost13 dwellin85) Land and buildin85 at Holllns Street at cost11 dwelling) Land and buildin85 at Blrks Wharf at ¢ost12 dwellings) Land and developme nt cost at Blrks Wharf at cost Iland only) Land and buildings at B5rks Court t cost12 dwelling51 Totsl Costs brought Forward Additions Dlsposals 41,625 53.434 52,741 193,977 35.151 302.613 679.541 3.894 3,894 Carried Forward 41,625 53,434 52.741 193,977 39,045 302,613 683.435 Depredatlon Brought forward Charge Disposals Carried forward Net book value Brought forward 41,625 53,434 52.741 193,977 35,151 302,613 679,541 Carried forward 41,625 53.434 52,741 193,977 39,045 302,613 683,435 THE JOHN EASTWOOD HOMES Note5 to the Flnan¢ial Ststements Forthe Year EndÈd al Decembèr 2025 Investment 2025 2024 Investment in CVCLT 28,154 27,601 The investment is in Calder Valley Communlty Land Trust ICVCLTI ￿mIted, bears ¢ompound Interest of 2% per annum Ifrom l January 20201 and is repayable after 6 months notice 1$ 8iven to withdraw. Interest of £5531£541 in 20241 was received in the year to 31 December 2025 and has been relnvested In shares In CVCLT Creditors amounts falllnÈ due wlthln one yèar 2025 2024 Accruals 1,230 1.164 Staff Numbers and Costs The charlty has no employees and no staff c05ts were Incurred durlng the year. Taxatlon The charity is exempt from tax on income and galns falllng wlthln section 505 of the Taxes Act 1988 or settlon 252 of the Taxation of Chargeable Gains Act 1992 to the extent that this is applied to its charitable objects. Analy515 of Charltable Funds Balance At 01.01.25 Income Expenditure Balance Al 31.12.25 Unrestrirted funds 986,793 83.802 123,7151 1,046,880 Total funds 986,793 83.802 123,7151 1.046,880 io THE JOHN EASTWOOD HOMES Notes to the Flnanclal Statements Forthe Year Ended 31 December 2025 10. Analysls of assets between fvnd5 Unrestrlcted Funds Restrlcted Fund$ Total 31112125 At 31 December 2025 Fixed assets Investment Current assets Current liabilitles 683,435 28,154 336,521 11.2301 683,435 28,154 336,521 11,2301 Total Net Assets 1.046,880 1,046.880 Unrestrlcted Funds Restricted Fund5 Total 31112124 At 31 Decernber 2024 Fixed assets Investment Current a55ets Current liabllotles 679,541 27,601 280,815 11.1641 679,541 27,601 280.815 11,1641 Totsl Net A55et5 986,793 986,793 11. Funds All of the funds of the charity are considered to be unrestricted and available for the general purposes of the charity. Unrestricted funds as at the year-end amounted to £1.046,88012024- £986,793). li