ACCOUNTS
FOR THE
YEAR
ENDED 30 JUNE 2024
FOR
ARTIZANS HOUSING ASSOCIATION
CIO NUMBER 1162129
ARTIZANS HOUSING ASSOCIATION
INDEX TO THE ACCOUNTS For the Year Ended 30 June 2024
| Page | |
|---|---|
| General Information | 1 |
| Trustees’ Annual Report | 2/3 |
| Independent Examiner’s Report | 4 |
| Receipts and Payments accounts | 5 |
| Statement of Assets and Liabilities | 6 |
ARTIZANS HOUSING ASSOCIATION
GENERAL INFORMATION
For the Year Ended 30 June 2024
TRUSTEES: Mr C P Stewart Mrs B Stewart CHARITY NO: 1162129 ADDRESS: 4 Ashwood lodge 80 Station Road Barnet EN5 1QF INDEPENDENT EXAMINER: N A H Brecker CA Chartered Accountant Caldwell & Braham 171 South Lodge Drive Oakwood LONDON N14 4XJ
Page 1
ARTIZANS HOUSING ASSOCIATION
TRUSTEES’ REPORT
For the Year Ended 30 June 2024
Trustees: Mrs B Stewart Mr C P Stewart
Incorporation
Artizans Housing Association (Charity number 1162129, the “new charity” or “the CIO”) was registered on 11 June 2015 as a Charitable Incorporated Organisation, a charity registered as a body corporate under Part 11 of the Charities Act 2011. On 10 February 2016 the assets and liabilities of Artizans Housing Association and Trust (Charity number 212370, the “ old charity”) passed under permanent endowment to Artizans Housing Association the new charity through a vesting declaration dated 10.2.2016 and the new charity commenced activity on the same date.
Charitable Objects of CIO
To assist in the relief of poverty by:
The provision of affordable housing for peopled suffering from financial hardship, making grants or providing loans to people suffering financial hardship to enable them to meet the costs of accommodation appropriate to their needs and to provide furniture, furnishings and household items utilising the CIO’s own properties.
Appointment of Trustees
Existing trustees appoint new trustees where appropriate in accordance with the powers conferred on them by the Trustee Act 2000.
Investment Selection Policy
New properties are selected in furtherance of the aims of the CIO, which is to provide good quality long term housing to working people.
Approval of Grants
Grants are allocated to applicants from the CIO’s normal beneficiary class for necessary housing needs.
Page 2
ARTIZANS HOUSING ASSOCIATION
TRUSTEES’ REPORT (continued)
For the Year Ended 30 June 2024
Activities During Year
During the year the trustees continued to maintain the properties to an acceptable standard . Major refurbishment projects were undertaken at 2 trust properties. This year is the last year that rents will be held at the same levels as previously .
Financial Results
Rents during the period were £157,750.
The net cash receipts for the year were £39,822 and the funds held as at 30 June 2024, excluding tenant deposits, amounted to £616,789.
Mr C P Stewart Chair of Trustees
Dated: 10 February 2025
Page 3
ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2024
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF
ARTIZANS HOUSING ASSOCIATION
I report to the charity trustees on my examination of the accounts of the Charitable Incorporated Organisation for the year ended 30 June 2024, which are set out on pages 5 to 6.
Respective Responsibilities of Trustees and Examiner
As the charity’s trustees, you are responsible for the preparation of the accounts in accordance with requirements of the Charities Act 2011 (“the 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 all of the applicable directions given by the Charity Commission under section 145(5)(b) of the 2011 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:
-
1 Accounting records were not kept as required by section 130 of the Act; or
-
2 The accounts do not accord with those records
I have no concerns and 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.
N A H Brecker CA Chartered Accountant Caldwell & Braham 171 South Lodge Drive Oakwood LONDON N14 4XJ
Date: 10 February 2025
Page 4
ARTIZANS HOUSING ASSOCIATION RECEIPTS AND PAYMENTS ACCOUNTS
For the year ended 30 June 2024
| Receipts: Rents received Deposit account interest Sub total(Gross income for Annual Return) Total Receipts Payments: Post, stationery, telephone Travelling Insurance Repairs & renewals Service charge & ground rent Bank charges Administration costs Accountancy Legal & professional fees Property management fees Sundry expenses Sub total Total Payments Net Receipts Cash funds brought forward Cash funds carried forward |
Year to Year to 30.06.2024 30.6.2023 £ £ £ £ 157,750 147,515 10,750 2,586 168,500 150,101 168,500 150,101 2,392 2,337 2,366 2,260 6,241 5,580 77,106 38,188 14,451 13,871 60 63 6,800 4,800 800 600 1,503 1,261 14,800 2,159 14,800 400 128,678 84,160 (128,678) (84,160) 39,822 65,941 576,967 511,026 616,789 576,967 ====== ====== |
|
|---|---|---|
| 128,678 |
The notes on page 6 show details of restricted, unrestricted and endowment funds
Page 5
ARTIZANS HOUSING ASSOCIATION STATEMENT OF ASSETS AND LIABILITIES
As at 30 June 2024
| Cash funds at period end: Bank current/savings Bank: held re Tenants Deposits Total Cash Funds Assets retained for charity use in furtherance of its objectives: Freehold property Liabilities: Creditors Tenants Deposits Analysis of Restricted or Unrestricted funds: |
30/06/2024 30/06/2023 £ £ £ £ 616,789 576,967 10,578 10,762 |
|---|---|
| 626,367 587,729 ====== ======= 5,301,726 5,301,726 ======= ======= 800 600 10,578 10,762 11,378 ====== 11,362 ====== |
All receipts and payments in the year to 30/6/24 and the prior period are unrestricted
Trustee remuneration
One trustee ( CP Stewart ) was remunerated £14,800 in the year to 30 June 2024 ( 2023-£14,800) for managing Artizans Housing Association’s fifteen properties.
Market value of freehold property
The market value of freehold property retained for charity use in furtherance of its objectives is estimated by the trustees to be £6,000,000.
Mr C P Stewart Mrs B Trustee Stewart Trustee
10 February 2025
Page 6