Registered Charity Number 1177373
THE HOINES CHARITABLE TRUST
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
5 APRIL 2022
SCOTT & WILKINSON
Dalton House
9 Dalton Square LANCASTER LA1 1WD
THE HOINES CHARITABLE TRUST
INDEX
FOR THE PERIOD ENDED 5 APRIL 2022
| 1 | Index |
|---|---|
| 2-3 | Annual Report of the Trustees |
| 4 | Independent Examiners Report |
| 5 | Receipts and Payments Account |
| 6 | Statement of Assets and Liabilities |
[1]
THE HOINES CHARITABLE TRUST
ANNUAL REPORT OF THE TRUSTEES
FOR THE PERIOD ENDED 5 APRIL 2022
Reference and Administrative Details
| Registered Charity Number | 1177373 |
|---|---|
| Principal Address and Solicitors | Oglethorpe, Sturton and Gillibrand |
| 16 Castle Park | |
| Lancaster | |
| LA1 1YG | |
| Independent Examiner | Mr T Preece FCCA |
| Scott & Wilkinson | |
| Dalton House | |
| 9 Dalton Square | |
| Lancaster | |
| LA1 1WD | |
| Trustees | Miss A Hoines |
| Mrs K Hoines | |
| Investment Managers | Canaccord Genuity Wealth Managemant |
| 2 Waterview | |
| White Cross Industrial Estate | |
| South Road | |
| Lancaster | |
| LA1 4XS |
[2]
THE HOINES CHARITABLE TRUST
ANNUAL REPORT OF THE TRUSTEES
FOR THE PERIOD ENDED 5 APRIL 2022
Objectives and Activities
The Trust was set up following the death of Mr G A Hoines. The object of the trust is to apply the income to such charities, or for such charitable purposes, as the trustees think fit.
Achievements, Performance and Public Benefit
The trust makes grants to individuals and organisations. Grants have been paid out in the year amounting to £28,000.
The trustees consider that they have complied with the duty in section 4 of the Charities Act 2012 to have due regard to the public benefit guidance published by the Charity Commission.
Financial Review
The charity maintains sufficient free reserves to cover one year’s management costs. Any surplus funds will be paid out by way of grants. Reserves as at the year end are £7,791 (2021 - £23,767).
The charity has sufficient funds to meet its liabilities.
None of the trustees received any remuneration or were reimbursed expenses.
Structure, Governance and Management
The charity is governed by a Declaration of Trust dated 8 January 2018. New trustees are appointed by the continuing and retiring trustees.
The trust was registered as a charity on 28 February 2018.
Approved by the trustees on …………………………………. and signed on their behalf by:
……………………………………
Mrs K Hoines
[3]
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE HOINES CHARITABLE TRUST
I report to the charity trustees on my examination of the accounts of the charity for the year ended 5 April 2022 set out on pages 5 to 6.
Responsibilities and basis of report
As the charity's trustees 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 charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the 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 charity as required by section 130 of the Act; or
-
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 this report in order to enable a proper understanding of the accounts to be reached.
Mr T M Preece FCCA Scott & Wilkinson Dalton House 9 Dalton Square LANCASTER LA1 1WD
Date …………………………….
[4]
THE HOINES CHARITABLE TRUST
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED 5 APRIL 2022
| Income Receipts Investment income Donations received Asset and Investment Sales Proceeds from sale of investments Total Receipts Expenditure Direct Charitable Expenditure Distributions Management and Administration Financial adviser costs Solicitors fees Independent examiner fees Asset and Investment Purchases Purchase of investments Exchange differences Total Payments Net Deficit for the year Cash and Bank Balances as at 5 April 2021 Cash and Bank Balances as at 5 April 2022 |
2022 £ £ 28,913 - 28,913 228,974 257,887 28,000 22,269 1,200 1,566 25,035 220,062 766 273,863 (15,976) 26,612 10,636 |
£ £ 27,819 177,681 205,500 422,273 627,773 14,257 16,720 1,320 1,530 19,570 705,260 767 739,854 (112,081) 138,693 26,612 2021 |
£ £ 27,819 177,681 205,500 422,273 627,773 14,257 16,720 1,320 1,530 19,570 705,260 767 739,854 (112,081) 138,693 26,612 2021 |
|---|---|---|---|
| 627,773 | |||
| 14,257 19,570 705,260 767 |
|||
| 739,854 | |||
| (112,081) 138,693 |
|||
| 26,612 |
5
THE HOINES CHARITABLE TRUST
STATEMENT OF ASSETS AND LIABILITIES
FOR THE YEAR ENDED 5 APRIL 2022
| Monetary Assets Investment cash account Non-Monetary Assets Investments Portfolio at cost Portfolio at market value Current Liabilities Accountancy Solicitor fees |
2022 £ 10,636 10,636 1,469,157 1,777,886 1,645 1,200 |
2021 £ 26,612 |
|---|---|---|
| 26,612 | ||
| 1,459,708 1,751,025 1,645 1,200 |
Approved by the Trustees on ………………………………… and signed on their behalf by:
……………………………….. ……………………………….. Mrs K Hoines Miss A Hoines
6