## **FINANCIAL STATEMENTS** 

## **31 MARCH 2023** 

**Charity Number 1054844** 




## **JOHN ABBOTT'S TRUSTEES’ LADIES HOME** 

## **FINANCIAL STATEMENTS** 

## **YEAR ENDED 31 MARCH 2023** 

|**CONTENTS**|**PAGE**|
|---|---|
|Members of the Board and professional advisers|**1**|
|Trustees Annual Report|**2**|
|Independent examiner's report to the Trustees|**4**|
|Receipts and payments account|**5**|
|Statement of assets and liabilities|**6**|





**JOHN ABBOTT'S TRUSTEES’ LADIES HOME** 

## **MEMBERS OF THE BOARD AND PROFESSIONAL ADVISERS** 

|**Registered charity name**|John Abbott's Trustees Ladies Home|
|---|---|
|**Charity number**|1054844|
|**Co-operative Governors**|Mr E N Wood (Chairman)|
||Mr P Benson|
||Mrs J Crowther|
||Mrs D Thomas|
||Mrs D Gallimore|
|**Clerk to the governors**|Mr R M Gledhill|
||Finn Gledhill|
||2 Harrison Road|
||Halifax|
||HX1 2AG|
|**Independent examiner**|Andrea Kennedy BFP FCA FCCA ATT(Fellow)|
||Equitable House|
||55 Pellon Lane|
||Halifax|
||West Yorkshire|
||HX1 5SP|
|**Stockbrokers**|Investec|
||Quayside House|
||Canal Wharf|
||Leeds|
||LS11 5PU|
|**Architect**|Pickles|
||16 Church Lane|
||Brighouse|
||HD6 1AT|
|**Bankers**|Barclays Bank plc|
||Commercial Street|
||Halifax|
||West Yorkshire|
||HX1 1BG|
|**Solicitors**|Finn Gledhill|
||1-4 Harrison Road|
||Halifax|
||West Yorkshire|
||HX1 2AG|



**- 1 -** 



## **JOHN ABBOTT'S TRUSTEES’ LADIES HOME** 

## **TRUSTEES ANNUAL REPORT** 

## **YEAR ENDED 31 MARCH 2023** 

The trustees have pleasure in presenting their report and the unaudited financial statements of the charity for the year ended 31 March 2023. 

## **REFERENCE AND ADMINISTRATIVE DETAILS** 

Reference and administrative details are shown in the schedule of members of the board and professional advisers and professional advisers on page 1 of the financial statements financial accounts. 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

The Trust was established by a Deed of Trust dated 1 July 1886 and varied by schemes of the Charity Commissioners dated 13 March 1953 and 13 December 1994. 

The Trust is administered by co-optative and nominated Governors. Nominated Governors are appointed by the Local Authority for a four year period. Co-optative Governors are appointed by the Trustees for a five year period. 

## **OBJECTIVES AND ACTIVITIES** 

The objects of the Trust are to provide for ladies in reduced circumstances by: 

1. The provision of subsidised living accommodation 

2. The payment of annuities, if required. 

Although the Trust's finances are reasonable all funds have been utilised under the first of the above objects and no annuity payments are likely to be made in the immediate future. 

## **ACHIEVEMENTS AND PERFORMANCE** 

The charity has continued to provide subsidised living accommodation, together with modernisation of the charity’s properties. 

## **FINANCIAL REVIEW** 

Income exceeded expenditure during the year by £4,305 and the value of the Trust's other assets increased during the year by £23,828. 

The Trustees believe the funds to be in a generally sound financial condition and, taking into account the ongoing property expenditure, the properties are in a reasonable condition. 

Sufficient reserves are maintained to finance at least 6 months normal total expenditure. 

**- 2 -** 



## **JOHN ABBOTT'S TRUSTEES’ LADIES HOME** 

## **TRUSTEES ANNUAL REPORT** 

## **YEAR ENDED 31 MARCH 2023** 

## **PUBLIC BENEFIT** 

The Trustees confirm that they have complied with their duty to have due regard for the Charity Commission’s general guidance on public benefit, ‘Charities and public benefit’. 

## **INDEPENDENT EXAMINER** 

Andrea Kennedy BFP FCA FCCA ATT(Fellow) has been re-appointed as independent examiner for the ensuing year. 

Signed by order of the trustees 

**Mr E Wood** Co-optative Governor 

**Mrs D Thomas** Co-optative Governor 

19 December 2023 

**- 3 -** 



## **JOHN ABBOTT'S TRUSTEES’ LADIES HOME** 

## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES** 

## **YEAR ENDED 31 MARCH 2023** 

I report on the accounts of the charity for the year ended 31 March 2023 as set out on pages 5 to 6. 

## **RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER** 

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this period under section 144 of the Charities Act 2011 (‘the Charities Act’) and that an independent examination is needed. 

It is my responsibility to: 

- examine the accounts under section 145 of the Charities Act; 

- to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act); and 

- to state whether particular matters have come to my attention. 

## **BASIS OF INDEPENDENT EXAMINER'S STATEMENT** 

My examination was carried out in accordance with general Directions given by the Charity Commission. 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 concerning 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 my examination, no material matters have come to my attention which give me cause to believe that in, any material respect: 

- accounting records were not kept in accordance with section 130 of the Charities Act, or 

- the accounts do not accord with the accounting records 

I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. 

## **Andrea Kennedy BFP FCA FCCA ATT(Fellow)** 

Independent examiner 

Equitable House 55 Pellon Lane Halifax West Yorkshire HX1 5SP 

19 December 2023 

**- 4 -** 



## **JOHN ABBOTT'S TRUSTEES’ LADIES HOME** 

## **INCOME AND EXPENDITURE ACCOUNT** 

## **YEAR ENDED 31 MARCH 2023** 

||**Unrestricted**|**Unrestricted**|**Restricted**|Total funds|Total funds|
|---|---|---|---|---|---|
||**funds**||**funds**|2023|2022|
||**£**||**£**|£|£|
|**RECEIPTS**||||||
|Grants received||**-**|**-**|**-**|-|
|Contributions and rents|**101,794**||**-**|**101,794**|90,411|
|Dividends and interest||**3,240**|**-**|**3,240**|5,103|
|Receipts from sale of investments||**4,285**|**-**|**4,285**|199,931|
|Bank loan received||**-**|**-**|**-**|-|
|**TOTAL RECEIPTS**|**109,319**||**-**|**109,319**|295,445|
|**PAYMENTS**||||||
|**Administration**||||||
|Clerk’s fees||**7,963**|**-**|**7,963**|7,647|
|Architect’s fees||**6,773**|**-**|**6,773**|6,668|
|Gardening services||**6,712**|**-**|**6,712**|8,172|
|Accountancy fees||**1,254**|**-**|**1,254**|1,194|
|Administrator fees||**3,752**|**-**|**3,752**|3,384|
||**26,454**||**-**|**26,454**|27,065|
|**Property expenses**||||||
|Exceptional maintenance repairs|**19,020**||**-**|**19,020**|5,570|
|Routine maintenance and repairs||**8,304**|**-**|**8,304**|9,816|
||**53,778**||**-**|**53,778**|42,451|
|**Sundry expenses**||||||
|Stockbrokers’ management fees||**2,412**|**-**|**2,412**|3,201|
|Legal fees||**-**|**-**|**-**|-|
|Almshouse Association subscription||**233**|**-**|**233**|222|
|Almshouse Consortium Ltd member fee||**-**|**-**|**-**|-|
|Insurance premium||**4,209**|**-**|**4,209**|3,798|
|Bank interest/charges||**220**|**-**|**220**|2,800|
|Sundries||**1,513**|**-**|**1,513**|247|
||**62,365**||**-**|**62,365**|52,719|
|Purchase of fixed assets||**-**|**-**|**-**|-|
|Purchase of investments|**42,649**||**-**|**42,649**|81,982|
|Bank loan paid||**-**|**-**|**-**|151,148|
|**TOTAL PAYMENTS**|**105,014**||**-**|**105,014**|285,849|
|**NET RECEIPTS**||**4,305**|**-**|**4,305**|9,596|
|**Transfers between funds**||**-**|**-**|**-**|-|
|**OPENING CASH FUNDS**|**32,540**||**-**|**32,540**|22,944|
|**CLOSING CASH FUNDS**|**36,845**||**-**|**36,845**|32,540|



**- 5 -** 



## **JOHN ABBOTT'S TRUSTEES’ LADIES HOME** 

## **STATEMENT OF ASSETS AND LIABILITIES** 

## **YEAR ENDED 31 MARCH 2023** 

|<br>**CASH FUNDS**<br>CAF – Current account<br>CAF – Deposit account<br>Barclays – Current account<br>Finn Gledhill<br>Extraordinary repair fund<br>Stockbrokers<br>**TOTAL CASH FUNDS**<br>**INVESTMENTS**(At valuation)<br>**LAND AND BUILDINGS AT COST**<br>**TOTAL ASSETS**<br>**FUNDS RECONCILIATION**<br>Opening net assets<br>Net receipts<br>Net (decrease)/increase in other assets|**2023**<br>**£**<br>**21,588**<br>**365**<br>**7,749**<br>**-**<br>**3,327**<br>**3,816**||<br>**£**<br>**36,845**<br>**173,900**<br>**417,743**<br>**628,488**<br>**600,355**<br>**4,305**<br>**23,828**<br>**628,488**|2022<br>£<br>12,165<br>362<br>6,719<br>3,615<br>7,029<br>2,650||£<br>32,540<br>150,072<br>417,743|
|---|---|---|---|---|---|---|
|||||||600,355|
|||||||542,535<br>9,596<br>48,224<br>600,355|



These financial statements were approved by the trustees on 19 December 2023 and are signed on their behalf by: 

**Mr E Wood** Co-optative Governor 

**Mrs D Thomas** Co-optative Governor 

**- 6 -**