The Sir Roger Manwood Trust CIO
Independent examiner's report for the year ended 31 May 2024
Independent examiner's report to the Trustees of The Sir Roger Manwood Trust CIO ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 May 2024.
Responsibilities and basis of report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no 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 Charity as required by section 130 of the 2011 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.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed: Dated: 12 September 2024
S M Rouse FCCA DChA
Kreston Reeves LLP
Chartered Accountants Canterbury
Page 6
| Endowment | Restricted | Unrestricted | Total | Total | ||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | funds | ||
| 2024 | 2024 | 2024 | 2024 | 2023 | ||
| Note | £ | £ | £ | £ | £ | |
| Incomeand | ||||||
| endowmentsfrom: | ||||||
| Charitableactivities | 3 | - | 78,289 | - | 78,289 | 76,349 |
| Investments | 4 | - | - | 49,858 | 49,858 | 49,018 |
| Totalincomeand | ||||||
| endowments | - | 78,289 | 49,858 | 128,147 | 125,367 | |
| Expenditureon: | ||||||
| Charitableactivities | 5 | - | 94,895 | 31,670 | 126,565 | 118,866 |
| Totalexpenditure | oe | 94,895 | 31,670 | 126,565 | 118,866 | |
| Net | ||||||
| (expenditure)/incom | ||||||
| ebeforenetgains | ||||||
| oninvestments | - | (16,606) | 18,188 | 1,582 | 6,501 | |
| Netgainson | ||||||
| investments | - | 2,186 | 17,915 | 20,101 | 2,020 | |
| Netmovementin | ||||||
| funds | - | (14,420) | 36,103 | 21,683 | 8,521 | |
| Reconciliationof | ||||||
| funds: | ||||||
| Totalfundsbrought | ||||||
| forward | 1,093,665 | 128,381 | 876,826 | 2,098,872 | 2,090,351 | |
| Netmovementinfunds | - | (14,420) | 36,103 | 21,683 | 8,521 | |
| Totalfundscarried | ||||||
| forward | 1,093,665 | 113,961 | 912,929 | 2,120,555 | 2,098,872 |
| 2024 | 2023 | |||||
|---|---|---|---|---|---|---|
| Note | £ | £ | ||||
| Fixedassets | ||||||
| Tangibleassets | 8 | 1,193,851 | 1,193,893 | |||
| Investmentproperty | 9 | 700,000 | 700,000 | |||
| Investments | 10 | 249,181 | 239,080 | |||
| 2,143,032 | 2,132,973 | |||||
| Currentassets | ||||||
| Debtors | 11 | 907 | 1,888 | |||
| Cashatbankandinhand | 5,285 | 45,636 | ||||
| 6,192 | 47,524 | |||||
| Creditors:amountsfallingduewithinone | ||||||
| year | 12 | (18,169) | (38,509) | |||
| Netcurrentliabilities | /assets | (11,977) | 9,015 | |||
| Totalassetslesscurrentliabilities | 2,131,055 | 2,141,988 | ||||
| Creditors:amountsfallingdueaftermore | ||||||
| thanoneyear | 13 | (10,500) | (43,116) | |||
| Totalnetassets | 2,120,555 | 2,098,872 | ||||
| Charityfunds | ||||||
| Endowmentfunds | 14 | 1,093,665 | 1,093,665 | |||
| Restrictedfunds | 14 | 113,961 | 128,381 | |||
| Unrestrictedfunds | 14 | 912,929 | 876,826 | |||
| Totalfunds | 2,120,555 | 2,098,872 |
| Restricted | Total | Total |
|---|---|---|
| funds | funds | funds |
| 2024 | 2024 | 2023 |
| £ | £ | £ |
| 78,289 | 78,289 | 76,349 |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2024 | 2024 | 2023 | |
| £ | £ | £ | |
| YeOldeBeverlierent | 44,500 | 44,500 | 44,500 |
| Otherinvestmentincome | 5,358 | 5,358 | 4,518 |
| 49,858 | 49,858 | 49,018 |
| Restricted | Unrestricted | Total | Total | |
|---|---|---|---|---|
| funds | funds | funds | funds | |
| 2024 | 2024 | 2024 | 2023 | |
| £ | £ | £ | £ | |
| Insurance | 5,045 | - | 5,045 | 3,754 |
| Repairs | 46,720 | - | 46,720 | 56,337 |
| Reliefinneed | - | 9,587 | 9,587 | 8,006 |
| Stipends | 1,010 | - | 1,010 | 1,220 |
| Utilities | 4,623 | - | 4,623 | 4,685 |
| Counciltax | 572 | - | 572 | 1,029 |
| Salaries | 12,935 | - | 12,935 | 7,517 |
| Hallhire | 1,610 | - | 1,610 | - |
| Lifeline | 1,839 | - | 1,839 | 1,907 |
| Subscriptions: | 631 | - | 631 | 261 |
| Sundry | - | 2,041 | 2,041 | 1,494 |
| Accountancyfees | 4,710 | - | 4,710 | 4,478 |
| Professionalfees | 9,396 | - | 9,396 | 4,001 |
| Bankcharges | 560 | - | 560 | 549 |
| Bookkeeping(tocomplywithHMRC'sMTD | ||||
| requirementsforVAT) | 3,094 | - | 3,094 | 2,927 |
| Depreciation | - | 20,042 | 20,042 | 18,042 |
| Interestpayable | 2,150 | - | 2,150 | 2,659 |
| Total | 94,895 | 31,670 | 126,565 | 118,866 |
| 2024 | 2023 | |
|---|---|---|
| No. | No. | |
| Employees | 3 | 2 |
| Housing | Housing | ||
|---|---|---|---|
| Landand | Association | ||
| buildings | Grant | Total | |
| £ | £ | £ | |
| Cost | |||
| At1June2023 | 1,396,947 | (104,912) | 1,292,035 |
| Additions | 20,000 | - | 20,000 |
| At31May2024 | 1,416,947 | (104,912) | 1,312,035 |
| Depreciation | |||
| At1June2023 | 98,142 | - | 98,142 |
| Chargefortheyear | 20,042 | - | 20,042 |
| At31May2024 | 118,184 | - | 118,184 |
| Netbookvalue | |||
| At31May2024 | 1,298,763 | (104,912) | 1,193,851 |
| At31May2023 | 1,298,805 | (104,912) | 1,193,893 |
| Freehold | |
|---|---|
| investment | |
| property | |
| £ | |
| Valuation | |
| At1June2023 | 700,000 |
| At31May2024 | 700,000 |
| Listed | ||||
|---|---|---|---|---|
| securities | ||||
| £ | ||||
| Costorvaluation | ||||
| At1June2023 | . | 239,080 | ||
| Disposals | (10,000) | |||
| Revaluations | 20,101 | |||
| At31May2024 | 249,181 | |||
| Netbookvalue | ||||
| At31May2024 | , | 249,181 | ||
| At31May2023 | : | 239,080 |
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Otherdebtorsandprepayments | 907 | 1,888 |
| Creditors:Amountsfallingduewithinoneyear | ||
| 2024 | 2023 | |
| £ | £ | |
| Bankloans | - | 21,551 |
| Otherloans | 10,500 | 10,500 |
| Othertaxationandsocialsecurity | 131 | - |
| Othercreditors | 7,538 | 6,458 |
| 18,169 | 38,509 | |
| Deferredincome | ||
| 2024 | 2023 | |
| £ | £ | |
| Deferredincomeat1June2022 | 3,708 | 3,708 |
| Resourcesdeferredduringtheyear | 3,708 | 3,708 |
| Amountsreleasedfrompreviousyears | (3,708) | (3,708) |
| 3,708 | 3,708 | |
| Creditors:Amountsfallingdueaftermorethanoneyear | ||
| 2024 | 2023 | |
| £ | £ | |
| Bankloans | - | 22,116 |
| Otherloans | 10,500 | 21,000 |
| 10,500 | 43,116 |
| Balanceat1 | Gains/ | Balanceat | ||||
|---|---|---|---|---|---|---|
| June2023 | Income | Expenditure | (Losses) | 31May2024 | ||
| £ | £ | £ | £ | £ | ||
| Unrestrictedfunds | ||||||
| Designatedfunds | ||||||
| ExtraordinaryRepairsFund | 89,506 | - | - | 9,652 | 99,158 | |
| ManwoodLodgeFund | 84,778 | - | - | - | 84,778 | |
| CyclicalMaintenanceFund | 5,000 | - | - | - | 5,000 | |
| 179,284 | - | - | 9,652 | 188,936 | ||
| Generalfunds | ||||||
| GeneralFunds | 697,542 | 49,858 | (31,670) | 8,263 | 723,993 | |
| TotalUnrestrictedfunds | 876,826 | 49,858 | (31,670) | 17,915 | 912,929 | |
| Endowmentfunds | ||||||
| EndowmentFund | 1,093,665 | - | . | - | 1,093,665 | |
| Restrictedfunds | ||||||
| TheAlmshousesFund | 94,204 | 78,289 | (84,895) | - | 87,598 | |
| ExtraordinaryRepairsFund | 29,177 | - | (10,000) | 2,186 | 21,363 | |
| CyclicalMaintenanceFund | 5,000 | - | - | - | 5,000 | |
| 128,381 | 78,289 | (94,895) | 2,186 | |||
| Totaloffunds | 2,098,872 | 128,147 | (126,565) | 20,101 | 2,120,555 |
| Balanceat | Gains/ | __Balanceat | |||
|---|---|---|---|---|---|
| 1June2022 | Income | Expenditure | (Losses) | 31May2023 | |
| £ | £ | £ | £ | £ | |
| Unrestrictedfunds | |||||
| Designatedfunds | |||||
| ExtraordinaryRepairsFund | 87,372 | - | - | 2,134 | 89,506 |
| ManwoodLodgeFund | 84,778 | - | - | - | 84,778 |
| CyclicalMaintenanceFund | 5,000 | - | - | - | 5,000 |
| 177,150 | - | - | 2,134 | 179,284 | |
| Generalfunds | |||||
| GeneralFunds | 679,362 | 49,018 | (30,028) | (810) | 697,542 |
| TotalUnrestrictedfunds | 856,512 | 49,018 | (30,028) | 1,324 | 876,826 |
| Endowmentfunds | |||||
| EndowmentFund | 1,093,665 | - | - | - | 1,093,665 |
| Restrictedfunds | |||||
| TheAlmshousesFund | 106,693 | 76,349 | (88,838) | - | 94,204 |
| ExtraordinaryRepairsFund | 28,481 | - | - | 696 | 29,177 |
| CyclicalMaintenanceFund | 5,000 | - | - | - | 5,000 |
| 140,174 | 76,349 | (88,838) | 696 | 128,381 | |
| Totaloffunds | 2,090,351 | 125,367 | (118,866) | 2,020 | 2,098,872 |
| Balanceat1 | Gains/ | Balanceat | ||||
|---|---|---|---|---|---|---|
| June2023 | Income | Expenditure | (Losses) | 31May2024 | ||
| £ | £ | £ | £ | £ | ||
| _ | Designatedfunds | 179,284 | - | - | 9,652 | 188,936 |
| Generalfunds | 697,542 | 49,858 | (31,670) | 8,263 | 723,993 | |
| Endowmentfunds | 1,093,665 | - | - | - | 1,093,665 | |
| Restrictedfunds | 128,381 | 78,289 | (94,895) | 2,186 | 113,961 | |
| 2,098,872 | 128,147 | (126,565) | 20,101 | 2,120,555 | ||
| Summaryoffunds-prioryear | ||||||
| Balanceat | Gains/ | Balanceat | ||||
| 1June2022 | Income | Expenditure | (Losses) | 31May2023 | ||
| £ | £ | £ | £ | £ | ||
| Designatedfunds | 177,150 | - | - | 2,134 | 179,284 | |
| Generalfunds | 679,362 | 49,018 | (30,028) | (810) | 697,542 | |
| Endowmentfunds | 1,093,665 | - | - | - | 1,093,665 | |
| Restrictedfunds | 140,174 | 76,349 | (88,838) | 696 | 128,381 | |
| 2,090,351 | 125,367 | (118,866) | 2,020 | 2,098,872 |
| Endowment | Restricted | Unrestricted | Total | |
|---|---|---|---|---|
| funds | funds | funds | funds | |
| 2024 | 2024 | 2024 | 2024 | |
| £ | £ | £ | £ | |
| Tangiblefixedassets | 393,665 | - | 800,186 | 1,193,851 |
| Fixedassetinvestments | - | 21,363 | 227,818 | 249,181 |
| Investmentproperty | 700,000 | - | - | 700,000 |
| Currentassets | - | 92,598 | (86,406) | 6,192 |
| Creditorsduewithinoneyear | - | - | (18,169) | (18,169) |
| Creditorsdueinmorethanoneyear | - | - | (10,500) | (10,500) |
| Total | 1,093,665 | 113,961 | 912,929 | ©2,120,555 |
| Analysisofnetassetsbetweenfunds-priorperiod | ||||
| Endowment | Restricted | Unrestricted | Total | |
| funds | funds | funds | funds | |
| 2023 | 2023 | 2023 | 2023 | |
| £ | £ | £ | £ | |
| Tangiblefixedassets | 393,665 | - | 800,228 | 1,193,893 |
| Fixedassetinvestments | - | 29,177 | 209,903 | 239,080 |
| Investmentproperty | 700,000 | - | - | 700,000 |
| Currentassets | - | 99,204 | (51,680) | 47,524 |
| Creditorsduewithinoneyear | - | - | (38,509) | (38,509) |
| Creditorsdueinmorethanoneyear | - | - | (43,116) | (43,116) |
| Total | 1,093,665 | 128,381 | 876,826 | 2,098,872 |