Whitb Merchant Seamen's Hos ital Houses 5tered Chari No. 508014 HousRn Cor oration No. A4029 Financial Aecounts for the Year Ended 31 December 2024
Whitb Merchallt SeaD]en's Hos ital Houses FinaDcial Accounts For Tbe Year Ended 31 December 2024 Contents Trustees Report Report of the Independent Examiners Income and Expenditure Account Balance Sheet Notes to the Accounts
Whitb Merchant Seamen's Hos ital Houses ort of the Trustees The Trustees present their report together with the financial statements of the Charity for the year ended 31 December 2024. Princi al Activi and Taxation Ststus The principal activity of the Charity for the year under review was that of being a registered social landlord. The charity is registered under number 508014, and has a tax exempt status. Trustees The Trustees during the year were: Capt G K Thomson Capt M Eglon Mr E Matthew Capt S Pringle Mr D J Millar Statement of Trustees Res ODsibilities Housing Association and Charity legislation require Trustees to prepare Financial Accounts for each financial year which give a true and fair view of the state of affairs of the Charity as at the end of the fmancial year and of the surplus or deficit for that period. In preparing the Financial Accounts. suitable accounting policies have been adopted and consistently applied, to the best of the Trustees, knowledge and belief, by reference to reasonable and prudent judgements and estinteS. Applicable accounting standards have been followed. The Trustees are responsible for maintsining adequate accounting records, for safegUding the assets of the Charity and for preventing and detecting fraud and other Iegulatities. The Trustees are also required to indicate where the Financial Accounts are prepared other than on the basis that the Charity is a going concern. On beh of tbe Truste&s Trustee Trnstee 24 Marc 2025
Inde endent Examiner's Re ort to the Trustees Of Wbitb Merchant Seamen's Hos ital Houses We report on the financial accounts for the year ended 31 December 2024 on pages 3 to 8. Respective Responsibilities of Trustees and Examiner As described on page l the Charity's Trustees are responsible for the preparation of Financial Accounts. It is our responsibility to ean]Ine the accounts under section 145 of the Charities Act. to follow the procedures laid down in the general Directions given by the Charity Conllnission (under section 145(5)(b) of the Charities Act) and state any particular matters that have come to our attention. Basis of independent examiner's statement Our examination was carried out in accordance with general Directions given by the Charity Cornmission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concen]ing any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair, view and the report is limited to those matters set out in the statement below. Independent examiner's statement In connection with our examination, no matter has come to our attention which gives us reasonable cause to believe that any material respect, the requirements: to keep accounting records in accordance with section 130 of the Charities Act. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met. or to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Wasley Chapman LLP Chartered Accountants 5 Bobbles Bank Whitby North Yorkshire Y021 IEF 24 March 2025
Whitb Merchant Seamen's Hos ital Houses Income and Ex enditure Account For The Year Ended 31 December 2024 Not&, Unrestricted Funds Restricted Funds 2024 2023 Turnover 95,165 95,165 93,648 Net Operating Expenses Administrative Expenses 32.902 32,902 262,080 eratill Sur lus 62262 62,262 (168.43?) Interest Receivable & Other Encome 2,714 2,714 2,335 Surplusl(Deficit) on Ordinary A¢tiviti&8 Before and After Taxation 64,977 64,977 (166.096) Transfer5 To (From} Designated Reserves Extraordinary Repair Fund Cyclical Maintenance Fund Routine Maintenance Fund 10 li 12 19,394 20.000 16,606 (i6.000} 19,394 20,000 16,606 (56.000) (5,60?) (79. j 8?) 7,973 77,011 Sur lus for the Year 8,977 8,977 (89.085) Statement of Retained Sur lus Retained Surplus Brought Forward Surplus (Deficit) for the Year 333,421 8,977 333,421 8,977 422,506 (89,085) Retained Sur lus Carried Forward 342,398 342,398 333,421 None of the company's activities were acquired or discontinued during the above two fmancial years. There were no Tecognised gains or losses other than the profit or loss for the above two fllmicial years. The notes on pages 5 to 8 forni part of these accounts. Signed on b If of the Trustees crnts) (Trustee) Approved by the TnteeS on . 24 March 2025
Wbitb Mereballt Seamen's Hos ital Houses Balance Sheet As At 31 December 2024 Notes 2024 2023 Fixed Assets Housing Properties Fixtures and Fittings 739,677 6,358 746,036 739,677 7.065 747.i27 Currellt Assets Debtors Bank Accounts 2.78) 468.208 470,993 11.6?01 427,i47 427,547 Crediton .' Amounts falling due within one year Net Current Asgets 469.373 425,997 Total Assets Less Current Liabilities 1,215,409 1,172,739 Funds- Unre5trieted Income and Expenditure Account Extraordinary Repair Fund Cyclical Maintenance Fund RoutÉne Maintenance Fund R¢valuation Reserve 342,398 209,067 l12.165 112,461 439.318 1,21i,409 333,421 200,000 loo,000 loo,000 439,318 1,172,739 io 12 li Signed on h&lf of the Trustees (Tntre) (rAee) Approved by the Trustees on . 24 March 2025
Whitb Merchant Seamen's Hos it21 Houses Notes to Accounts For the Year Ended 31 December 2024 l. Accoulltln Policies The accounts have been prepared under the historical cost convention and in accordance with the statement of recommended practice for social landlords. Housing Properties Housing properties are stated at Valuatio see note 6. Tangible Fixed Assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated use1 Iife: Fixtures and Fittings 10 % on net book value Housing Properties Not depreciated The company has a policy and practice of regular maintenance and repair of housing properties, so that their value does not dimimsh over time. The trustees consider that the remaining useful economic lives of the housing properties are in excess of 50 years, and that any depreciation charge would not have a material impact on the financial statements. Cash Flow Statement The Charity has taken advantage of the exemption provided by Financial Reporting Standard l and has not prepared a Cash Flow Statement for the Year. Turnover Represents rents receivable from housing units (Note 13).
Whitb Merchant Seamen's Hos ital Houses Notes to Accounts For the Year Ended 31 December 2024 2Em lovee Information 2024 2023 Honoraria 11,684 11,690 The average weekly number of employees during the year was as follows: 2024 2023 No Office Staff Other 3 Administrative Ex enses 2024 2023 Honoraria Committee Room Expenses Phone, Printing Stationery and Advertistng Subscriptions Security Charges Propety Repairs Insurances Sundry Expenses Accountsncy Professional Fees Depreciation Bank Charges 11,684 932 127 1,180 11,177 675 2,804 1,869 1.620 11,690 1,195 237 715 6,902 234,916 2,750 1,204 1.550 706 127 32,902 785 135 262,080 4 Interest Receivable & Other Income 2024 2023 Sundry Income Bank Interest Received Grants & Donations Received 115 2,22l 2,714 2,714 804 eratin Sur lus 2024 2023 The Operating Surplus is Stated after charging: Propety Maintenance Depreciation of Tangible Fixed Assets Honoraria - note 2 Accountancy Charg¢s 22.983 706 11,684 1,620 234,916 785 11,690 1,550
Whitb Merchant Seamen's Hos ital Houses Note5 to Accounts For the Year Ended 31 December 2024 6 Housin Pro erties for Lettin Total Cost or Valuation At 31 December 2023 739,677 Improvements in Year Net Book Value At 31 December 2024 739,677 The housing properties were revalued by Bell Snoxell Associates, a firm of professlonal Chartered Surveyors. The valuation has been based on the properties existing use. The housing properties were originally stated at the cost of improvements incurred on the properties, in the absence of an original purchase price, at £655.243, less associated housing association grants of £352,561 7 Fixtures & Fittin Total Cost At l January 2024 Additions At 31 December 2024 26,927 26,927 Depreciation At l January 2024 Charge for Year At 31 December 2024 19,862 706 20,569 Net Book Value At 31 December 2024 6,358 At 31 December 2023 7,065 8 Debtors 2024 2023 Prepayments 2,785 2,785 9 Creditors 2024 2023 Amounts falling due within one year: Accruals Creditors 1.620 1,550 1,620 1,550
Whitb Merchant Seamen's Hos ital Houses Notes to Accounts For the Year Ended 31 December 2024 10 Extraordina air Fund 2024 2023 Balance at start of year Transfer to (from) fund in year (page 3) 200,000 9,067 205,602 (i.60?) Balance at end of year 209,067 200,000 I I C clical Maintenance Fund 2024 2023 Balance at start of year Transfer (from) to nd in year (page 3) 100,000 12,165 179,382 (79,J8?) Balance at end of year 112,165 100.000 12 Routine Maintenance Fund 2024 2023 Balance at start of year Transfer to fund in year (page 3) 100,000 12,461 92,027 7,973 Balance at end of year 112,461 100,000 13 Rents 2024 2023 Rents Receivable 95,165 93.648 14 Homes and Beds aces 2024 2023 Number of units in management 20 20 15 Revaluation Reserve 2024 2023 Balance at l January 2024 Revaluation during the year Balance at 31 December 2024 439.318 439,318 439,318 439.318