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← The Ella Dunn Housing Trust

2025-04-05-accounts

Charity registration number 503239 (England and Wales)

THE ELLA DUNN HOUSING TRUST

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

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THE ELLA DUNN HOUSING TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees MrJAFenwick
Mr P F W Walker
Mr J C Fenwick
Charity number (England and Wales) 503239
Principal address 34 Myton Road
Ingleby Barwick
Stockton on Tees
TS17 OWG
Independent examiner DaviesTracey
Swan House
Westpoint Road
Teesdale Business Park
Stockton on Tees
TS17 6BP
Solicitors Punch Robson Solicitors
34 Myton Road
Ingleby Barwick
Stockton on Tees
TS17 OWG
Investment advisors Charles Stanley & Co Ltd
7 Park Row
Leeds
LS15HD

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THE ELLA DUNN HOUSING TRUST

CONTENTS

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Trustees’ report 1-2
Independent examiner's report 3
Statement of financial activities 4
Balance sheet 5
Notes to the financial statements 6-11
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THE ELLA DUNN HOUSING TRUST

TRUSTEES’ REPORT FOR THE YEAR ENDED 5 APRIL 2025

The trustees present their annual report and financial statements for the year ended 5 April 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Trust's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). Objectives and activities The objective of the charitable trust is the provision for aged persons in need thereof of housing and any associated amenities specially designed or adapted to meet the disabilities and requirements of such persons.

Public benefit

Public benefit The trustees have considered the Charity Commission's guidance on public benefit when reviewing the trust's aims and objectives and in planning future activities.

Achievements and performance

Significant activities and achievements against objectives

The trustees continue to maintain eight bungalows at Norton, near Stockton-on-Tees, which are occupied by older people of limited means.

Financial review In the year ended 5 April 2025 there was a net incoming resources of (£51,191) (2024: £7,311). Total funds at 5 April 2025 amounted to £1,318,577 (2024: £1,369,768).

Reserves policy

Reserves policy

All of the trusts reserves are unrestricted and held for use as and when it is required.

Structure, governance and management

Governing document The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

The trustees who served during the year and up to the date of signature of the financial statements were:

Mr J A Fenwick

Mr P F W Walker

Mr J C Fenwick

Recruitment and appointment of trustees When a vacancy occurs, the trustee undertake a skills audit to ascertain what particular expertise and background is desirable and a search committee is formed to seek a suitable new recruit.

Trustees are given an induction on joining the Board, the content of which is tailored to their particular existing skills and interests.

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THE ELLA DUNN HOUSING TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

The trustees’ report was approved by the Board of Trustees.

Mr J C Fenwick Trustee Date: at {81. aAVasyz

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THE ELLA DUNN HOUSING TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ELLA DUNN HOUSING TRUST eee | report to the trustees on my examination of the financial statements of The Ella Dunn Housing Trust (the Trust) for the year ended 5 April 2025.

Responsibilities and basis of report

As the trustees of the Trust you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.

| report in respect of my examination of the Trust’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

C Davies Davies Tracey ; : )

Swan House Westpoint Road Teesdale Business Park Stockton on Tees TS17 6BP

pated 105 |Fes

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THE ELLA DUNN HOUSING TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 5 APRIL 2025

Unrestricted Unrestricted
funds funds
2025 2024
Notes £ £
Income from:
Charitable activities 2 30,541 31,899
Investments 3 12,716 13,516
Total income 43,257 45,415
Expenditure on:
Charitable activities 77,487 57,174
Total expenditure 77,487 57,174
Net gains/(losses) on investments 8 (16,961) 19,070
Net income/(expenditure) and movement in funds (51,191) 7,311
Reconciliation offunds:
Fund balances at6 April 2024 1,369,768 1,362,457
Fundbalancesat5April2025 1,318,577 1,369,768

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THE ELLA DUNN HOUSING TRUST

BALANCE SHEET

AS AT 5 APRIL 2025

2025 2024
Notes £ £ £ £
Fixed assets
Investment property
Investments		 10
11		 1,010,000
288,889		 1,010,000
335,575
1,298,889 1,345,575
Current assets
Debtors 12 277 287
Cash at bank and in hand 21,091 25,586
21,368 25,873
Creditors: amounts falling due within 13
oneyear (1,680) (1,680)
Net current assets 19,688 24,193
Total assets less current liabilities 1,318,577 1,369,768
The funds of the Trust
Unrestricted funds 14 1,318,577 1,369,768
1,318,577 1,369,768

The financial statements were approved by the trustees on Dif Sf SN

Mr J C Fenwick —— Trustee

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THE ELLA DUNN HOUSING TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

Charity information

The Ella Dunn Housing Trust is an unincorporated charity governed by a deed of trust.

The financial statements have been prepared in accordance with the Trust's governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The Trust is a Public Benefit Entity as defined by FRS 102. The Trust has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the Trust. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

At the time of approving the financial statements, the trustees have a reasonable expectation that the Trust has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

1.4 Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Legacies are recognised on receipt or otherwise if the Trust has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.

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THE ELLA DUNN HOUSING TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

1 Accounting policies

(Continued)

1.6 Investment properties Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss. 1.7 Fixed asset investments Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.9 Financial instruments The Trust has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Trust's balance sheet when the Trust becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Trust’s contractual obligations expire or are discharged or cancelled.

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THE ELLA DUNN HOUSING TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

1 Accounting policies

(Continued)

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the Trust is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2 Charitable activities

Accommodation Accommodation
2025 2024
£ £
Contributions by occupiers 30,541 31,899

3 Income from investments

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Rental income 6,585 7,455
Income from listed investments 5,937 5,962
Interest receivable 194 99
12,716 13,516
4 Support costs allocated to activities
2025 2024
£ £
Governance costs 1,680 1,740
Analysed between:
Charitable activities 1,680 1,740
2025 2024
Governance costs comprise: £ £
Accountancy 1,680 1,740
1,680 1,740

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THE ELLA DUNN HOUSING TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2025

FOR THE YEAR ENDED 5 APRILAPRIL 2025 FOR THE YEAR ENDED 5 APRILAPRIL 2025 FOR THE YEAR ENDED 5 APRILAPRIL 2025
oe
4 Supportcosts allocated to activities (Continued)
Governance costs includes payments to the independent examiner of £1,680 (2024 - £1,740)
the independent examination of£840 (2024 - £870) and otherservices of£840 (2024 - £870)		 in respect of
5 Netmovement in funds
2025		 2024
£ £
The net movement in funds is stated after charging/(crediting):
Fees payable forthe independent examination ofthe charity's financial
statements
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6 Trustees

There were no trustees’ remuneration or other benefits for the year ended 5 April 2025 nor for the year ended 5 April 2024.

Trustees’ expenses Trustee's expenses paid for the year ended 5 April 2025 amounted to £757(2024: £573)

7 Employees

The average monthly number of employees during the year was:

The average monthly number of employeesemployees during the year was:was:
2025 2024
Number Number
Total - -
Therewere no employees whose annual remuneration was more than £60,000.
Remuneration ofkey management personnel
The remuneration of key management personnel was as follows:
Gains and losses on investments
Unrestricted Unrestricted
funds funds
2025 2024
Gains/(losses) arising on: £ £
Revaluation of investments (40,545) 16,437
Sale of investments 23,584 2,633
(16,961) 19,070
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8 Gains and losses on investments

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9 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

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THE ELLA DUNN HOUSING TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

10 Investment property

Investment property
2025
£
Fair value
At6April2024and5April2025 1,010,000

The properties were last valued on 19 November 2021 by C H Burbury & Co.

11 ‘Fixed asset investments

Listed Cash in Total
investments portfolio
£ £ £
Cost or valuation
At6April 2024 328,518 7,057 335,575
Additions 117,505 - 117,505
Valuation changes (16,932) (1,077) (18,009)
Disposals (146,182) - (146,182)
At 5April 2025 282,909 5,980 288,889
Carrying amount
At 05April 2025 282,909 5,980 288,889
At 05April 2024 328,518 7,057 335,575
12 Debtors
2025 2024
Amounts falling due within one year: £ £
Prepayments and accrued income 277 287
13 Creditors: amounts falling due within one year
2025 2024
£ £
Tradecreditors 1,680 1,680

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THE ELLA DUNN HOUSING TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED5 APRIL 2025 nea

14 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At6 April Incoming Resources Gains and At 5April
2024 resources expended losses 2025
£ E £ £ £
General funds 1,369,768 43,257 (77,487) (16,961) 1,318,577
———. ——S—S—S== ———————————s ———— SSS
Previous year: At6April
2023		 Incoming
resources		 Resources
expended		 Gains and
losses		 At5April
2024
£ £ £ £ £
Generalfunds 1,362,457 45,415 (57,174) 19,070 1,369,768

15 Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

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