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:
1. accounting records were not kept in respect of the charity 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 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