ALMA JEAN HENRY CHARITABLE TRUST ANNUAL REPORT 2022-23
During the year the Charity awarded grants to the following organisations:
Roundabout Rentstart House of Mercy Bede Community Charity Access (Migrants) The Upper Room Mission Direct Reach the Children UK Live Unlimited Plan International UK Just Kidding
The charitable projects undertaken by these organisations related predominantly to homeless accommodation, relief of poverty and educational projects for disadvantaged or vulnerable families or individuals.
It is the intention of the Trustees to continue to meet the Charities’ objectives by making grants to other charitable organisations that are undertaking projects which align most closely with the Charity’s criteria.
REGISTERED CHARITY NUMBER: 1093088
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
FOR
THE ALMA JEAN HENRY CHARITABLE TRUST
W M Mieres FCCA 12 Graham Road Mitcham Surrey CR4 2HA
THE ALMA JEAN HENRY CHARITABLE TRUST
CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 March 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 10 |
| Detailed Statement of Financial Activities | 11 |
THE ALMA JEAN HENRY CHARITABLE TRUST
REPORT OF THE TRUSTEES for the Year Ended 31 March 2023
The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of 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
Objectives and aims
The objectives and principal activities are the relief, support or education of homeless persons in England and/or the provision of accommodation for such persons and such other charitable purposes that the trustees think fit.
Significant activities
The significant activity is the collection of rent from UK domestic properties.
ACHIEVEMENT AND PERFORMANCE Charitable activities
During the year the Charity awarded grants to the following organisations:
Roundabout Rentstart House of Mercy Bede Community Charity Access (Migrants) The Upper Room Mission Direct Reach the Children UK Live Unlimited Plan International UK Just Kidding
The charitable projects undertaken by these organisations related predominantly to homeless accommodation, relief of poverty and educational projects for disadvantaged or vulnerable families or individuals.
It is the intention of the Trustees to continue to meet the Charity's objectives by making grants to other charitable organisations that are undertaking projects which align most closely with the Charity's criteria.
FINANCIAL REVIEW
Investment policy and objectives
The capital fund now amounts to £587,797. This fund generates interest and rental income, which is utilised in accordance with the objectives of the charity. Interest and rental income generated to fund grants in the year amounted to £38,780 and related costs including grant payments totalled £31,829.
There are no restrictions on the charity's power to invest. The investment strategy is set by the trustees for a period of two years and takes account of demands for funds and the quality of funding applications.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1093088
Principal address
150 Springbank Road Lewisham London SE13 6SU
Page 1
THE ALMA JEAN HENRY CHARITABLE TRUST
REPORT OF THE TRUSTEES for the Year Ended 31 March 2023
Trustees
Ray Allan Williams Linda Ali Rysel McLean
Independent Examiner
W M Mieres FCCA 12 Graham Road Mitcham Surrey CR4 2HA
Solicitors
Anthony Gold Solicitors New London Bridge House 25 London Bridge House London SE1 9TW
Bankers
HSBC Bank 85 Lewisham High Street Lewisham London SE13 6BE
Approved by order of the board of trustees on 15 September 2023 and signed on its behalf by:
Ray Allan Williams - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ALMA JEAN HENRY CHARITABLE TRUST
Independent examiner's report to the trustees of The Alma Jean Henry Charitable Trust
I report to the charity trustees on my examination of the accounts of The Alma Jean Henry Charitable Trust (the Trust) for the year ended 31 March 2023.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
W M Mieres FCCA 12 Graham Road Mitcham Surrey CR4 2HA
15 September 2023
Page 3
THE ALMA JEAN HENRY CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2023
| Notes INCOME AND ENDOWMENTS FROM Investment income 2 EXPENDITURE ON Raising funds 3 Charitable activities Donations Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2023 Unrestricted fund £ 38,780 7,829 24,000 31,829 6,951 580,846 587,797 |
2022 Total funds £ 38,380 5,884 35,800 41,684 (3,304) 584,150 580,846 |
|---|---|---|
The notes form part of these financial statements
Page 4
THE ALMA JEAN HENRY CHARITABLE TRUST
BALANCE SHEET 31 March 2023
| Notes FIXED ASSETS Tangible assets 6 CURRENT ASSETS Debtors 7 Investments 8 Cash at bank CREDITORS Amounts falling due within one year 9 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 10 Unrestricted funds TOTAL FUNDS |
2023 Unrestricted fund £ 398,757 651 1,561 190,190 192,402 (3,362) 189,040 587,797 587,797 587,797 587,797 |
2022 Total funds £ 394,259 1,288 20,668 165,548 187,504 (917) 186,587 580,846 580,846 580,846 580,846 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 15 September 2023 and were signed on its behalf by:
Ray Allan Williams - Trustee
The notes form part of these financial statements
Page 5
THE ALMA JEAN HENRY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
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.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold properties - not provided Fixtures and equipment - 25% on reducing balance
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 6
continued...
THE ALMA JEAN HENRY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023
2. INVESTMENT INCOME
| Rents received Deposit account interest Loan interest 3. RAISING FUNDS Raising donations and legacies Support costs |
2023 £ 37,738 589 453 38,780 2023 £ 7,829 |
2022 £ 36,197 12 2,171 |
||
|---|---|---|---|---|
| 38,380 | ||||
| 2022 £ 5,884 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Investment income | 38,380 |
| EXPENDITURE ON | |
| Raising funds | 5,884 |
| Charitable activities | |
| Donations | 35,800 |
| Total | 41,684 |
| NET INCOME/(EXPENDITURE) | (3,304) |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 584,150 |
| TOTAL FUNDS CARRIED FORWARD | 580,846 |
continued...
Page 7
THE ALMA JEAN HENRY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023
6. TANGIBLE FIXED ASSETS
| COST At 1 April 2022 Additions At 31 March 2023 DEPRECIATION At 1 April 2022 Charge for year At 31 March 2023 NET BOOK VALUE At 31 March 2023 At 31 March 2022 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors 8. CURRENT ASSET INVESTMENTS Listed investments Secured loans 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors |
Freehold properties £ 393,572 4,670 398,242 - - - 398,242 393,572 |
Fixtures and equipment £ 1,375 229 1,604 688 401 1,089 515 687 2023 £ 651 2023 £ 1,561 - |
Fixtures and equipment £ 1,375 229 1,604 688 401 1,089 515 687 2023 £ 651 2023 £ 1,561 - |
Totals £ 394,947 4,899 399,846 688 401 1,089 398,757 394,259 2022 £ 1,288 2022 £ 1,561 19,107 |
||
|---|---|---|---|---|---|---|
| 1,561 | 20,668 | |||||
| 2023 £ 3,362 |
2022 £ 917 |
continued...
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THE ALMA JEAN HENRY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023
10. MOVEMENT IN FUNDS
| At 1.4.22 £ Unrestricted funds General fund 580,846 TOTAL FUNDS 580,846 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 38,780 TOTAL FUNDS 38,780 Comparatives for movement in funds At 1.4.21 £ Unrestricted funds General fund 584,150 TOTAL FUNDS 584,150 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 38,380 TOTAL FUNDS 38,380 |
Net movement in funds £ 6,951 6,951 Resources expended £ (31,829) (31,829) Net movement in funds £ (3,304) (3,304) Resources expended £ (41,684) (41,684) |
At 31.3.23 £ 587,797 587,797 Movement in funds £ 6,951 6,951 At 31.3.22 £ 580,846 580,846 Movement in funds £ (3,304) (3,304) |
|
|---|---|---|---|
continued...
Page 9
THE ALMA JEAN HENRY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023
10. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.4.21 £ 584,150 584,150 |
Net movement in funds £ 3,647 3,647 |
At 31.3.23 £ 587,797 |
|---|---|---|---|
| 587,797 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
as follows: |
|||
|---|---|---|---|
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 77,160 77,160 |
Resources Movement expended in funds £ £ (73,513) 3,647 (73,513) 3,647 |
|
| 3,647 |
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2023.
Page 10
THE ALMA JEAN HENRY CHARITABLE TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2023
| INCOME AND ENDOWMENTS Investment income Rents received Deposit account interest Loan interest Total incoming resources EXPENDITURE Charitable activities Grants to institutions Support costs Management Insurance Light and heat Office costs Travelling Repairs Equipment maintenance Property management fees Gardening and cleaning Bank charges Other Depreciation of fixtures and equipment Governance costs Accountancy and legal fees Total resources expended Net income/(expenditure) |
2023 £ 37,738 589 453 38,780 38,780 24,000 862 177 143 250 1,889 288 2,400 342 77 6,428 401 1,000 31,829 6,951 |
2022 £ 36,197 12 2,171 38,380 38,380 35,800 617 - - - 3,256 312 450 - 55 4,690 344 850 41,684 (3,304) |
|---|---|---|
This page does not form part of the statutory financial statements
Page 11
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ALMA JEAN HENRY CHARITABLE TRUST
Independent examiner's report to the trustees of The Alma Jean Henry Charitable Trust
I report to the charity trustees on my examination of the accounts of The Alma Jean Henry Charitable Trust (the Trust) for the year ended 31 March 2023.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
W M Mieres FCCA 12 Graham Road Mitcham Surrey CR4 2HA
15 September 2023
Page 3