TIIF. JNNS ALMSIIOUSE TRUST (regi5tercd charity Iiuinber 1195768) ACCOUNTS fioR THE YCIAR ENDED 5 AlbRIL 202S Hentons Stag House Old London Road Herlfurd SG13 7LA
THE INN8 ALMSHOUSE TIIUST {rcgistcred cliarity number 1195768) Index Pages Trustees Report Independent E%aininei s Report Receipts and Payments Account Statement of Assets and Liabilities Notes to the Financial Statements
THE INNS ALMSHousf. TRUST (regi.%lLt'ed charity iiuinbci. 1195768) RFPORT OF THf. TRUSTEI S FOR THE YEt AR FNDED S APRIL 2025 Trustees Mi. N S Collingridge Mi. R Horwood Principal orrice 24 Castlc Slicct, Hertfoi'd, Hei'tfordshire, SG14 1 HP. The'l rustees present tlieir ai)IlLial Irpoi'l aiid fiiiancial staleinents of the charity foi. the year ended 5 April 2025. The financial statements have bccn prcpared in accordance with the accoLinting polici¢s scl out in note I to the accoiints and coinply witli their governing documents, and the Charities Act 2011 Structure GovernaH¢e and Ivlxnagement The charity was established by a cl)ai'ildble trust deed on 9th Septembei. 2021. The charity has been folinded by the aTnalgamation of two charities, The Jeremiah Inns Almshouse Cl)ai'ity (ch81'ity numbei.: 213088) and The John Inns Alinshouse Cliarily (chai'ity number.. 213087). This is witli the aM of enhancing tl)e capacity to deliver greatci. public benefit to both the Stevenage and Aston local aitas. Objectives and Activites The charity's objects are the pi'ovision and maintenance of almshouses for the benefit of elderly and pool. persons within the Stevenage and Aston al'e and lo make grants and allowaiices to the same areas. The policies adopted in furtherance of these objects ail to biiild sustainable unrestricted I'eserves to a sufficient level to provide financial stability, Ineet cxccption81 expenditure and to assist with tlie fulure developmcnt of the chai'ity and there has been no Change in th¢s¢ duTing the year. AchieveTllent$ and Perlormanee During the year, the charity provided affoi.dable accomodation for people of limited means iii the Stevenage and Aston areas, whicli are areas of higli housing cost. Finan¢ial Review The tTuslc¢s are happy with tlie pei'formance following thc amalgamation of the previous two charitie5. Investment giowih has been pleasing and the stateinent of se15 aiid liubililies totals £246,835 at the year end. The trustees are satisfied with the continucd t¢Dan¢y of the almshouses and offering of affordable accommodation for the tenants which al'e tlie eldeTly and pool..
THE INN.8 ALl¥qSIIOUSF. TRUST (I'egistci'ed cliarity iiuiiilicr 1195768) REI PORT OF THI TRIJSTEIEIS fioR THE YEAR ENDEID 5 APRIL 2025 (cuntinued) Public J3eDefit The l)'u5tL'es liave reviewed Ihe G'harily Commissions gijidance on the rtquiiemeiit to irport Pliblic benefit. Thc Trustees al'e SSLtisfied that tlie ivork of the charity accords with ils slatcd ()bjcLiS and provides tAngible piiblic l)eiiefit to a wide section of those iyho reside within the charity's area of benefit. The criteria used to assess those who ma}, benefit is not considered to be unreasonably r&8lricLive. R¢5ci'vcs Polic}, The Trustees s¢Ek to biiild siistainable ui)r¢slricled reseive5 to a level sufficient to provide financial .%18bilily, mLcl ¥XLLpliondl Lxpenditur¥ Jnd tu aSSlSt wilh ilie future developmeni of tlie cliarily. TRUSTFFS RESPONSIBILITIES Tlie TisteeS are I'equired to preparc financial slatcmenLq for eacli financial ycar wliich give a Iruc and fair view of the state of affairs of eacli Charit)T and of the Te%ulls foi. tlie year. In pi.epar1i those fiJian¢ial Statements, the Tru.%tees are ieqiiircd to.. select suilable accouiitiiig wlicies aiid tlien ai)ply thein con.%istently' ake judgeinents and estijllates tliat arc r¢&%onable and prudenl,. prepare the fiiiancial staten)ents oli the going concern basis unless it is ii)appropriate to a%8ume that Ihe Charities continue in operation. T])e truste&% are respon*ible for: keepii)g proper accoiiiitii)g records whicli disclose M'itli reasoJ)able accu12cy al ai)y tiiiie tl)e fin8rLial positTon of each Cliarit)i and w,hioh LDable Ihejn to ensiii'e Iliat the financial slalemeRt$ coL]iply with the i'cl¢vitnt provisi0115 olthe Cliarities Act 2011, the Charity (Accounts aiid Reports) Re8ulatioi)5 2008, ai)d tlie piDvisions of the scl)eJii&%. safegu&Tding thc assels of ea¢h Cliarity and hence for laking reasonable steps for tiiE pi'evention and dctcction of fraud and otliei iritgularities. Approved by the tN5tees and signed on their behalf by.. Mi. R IlorHwood Date..
THf, INNS ALMSHOUSE TRUST (regi.gtei'c(l eharity niimbL&r 1195768) Independent xaminer's Report to the Trustees of The Inns Almshouse Trust I rcpoi'l lo the triistees on my examination of th¢ accoiii)ts ofihe Inns Alinslioiise Ti'iist for the yeai. ended 5¢h April 2025 which compris¢ the suininai'y of reoeipls and payineiits aiid tlic stateinent of a5SCts aiid This repoi't is made solely to the cliarity's li'uslees, as a bodyy in accoi'dance with section 145 of the Chai'ities Act 2011. My work lias beeii underlaken so that I Iiiiglil state to il)e chai'ity's ti'iistees those matters l am reqiiired to slal¢ lo them in this IEPOI'I and for no otliei. PUTPOSC. T(> the fullest exlcnl perinilled by law, I do not accept or assume I'esponsibilily to anyone other tlian the chai'ity and thc chai'ity's trustees as a body? foi. my woi'k, foi. this rcpoi'l, oi. for tlie opinions I have formed. Responsibilities and basls of report As the trustees of the chai'ity you are I'esponsible for the preparation of th¢ accounts in accordan¢e with the I'equiiements of tlie Chai'ities Act 2011 {'the Act,). I repoi'l in I'espect of Iny exainination of tl)e cl)ai'ity's accouiits cai'i'ied out uiidei. section 145 of th¢ Act and in caffying out my examination I have followed all the applicable Dircclions given by th¢ Charity Coinini5sion linder section 145(5)(b) of the Act. An independent exainination doe5 not involve gatliering all the evidence that would be required in an audit and consequently does not cover all th¢ Inatters ihat an auditor congiders in giving thcii. opinion on Il)e accounts. The planning and conduct of an audit goes bcyond the liinited as5111.ance that an independent examination can provide. Conseqiicntly l express no audit opinion on the account5 and my i'eport l5 limited lo tliose specific n)atteis set out in the independent examinei s ststement. Indepeiident examiner's statement I have coinpleted my examination. I coiifirin that no malei'ial malters have come to my attention in connection witli the examination giviiig Ine caiise to believe that in any inaterial respect.. accounting IEcoI'ds w¢re not kept in respxct of the charity as required by section 130 of the the accounts do not accoi'd with those i'ecoi'ds. I have no concerns and have come across no other matteTS in Connection with thc rxamination to which attenlion should bc drawn in this report in order to enable a proper understanding of the a¢¢ounls to be Teached. Sean Hudson ACA Flentons Stag 14ouse Old London Road Heriford, Herts SG13 7LA Datc: li ji / JoL6
I'HE INN.8 ALMSHousf. TRU.%T (reLtrislL'i-ed cliai'ity iiuiiibei. 1195768) RLCEI Ivrs AND PAYMfi NTS ACCOUNT FOR THE YEAR FNDED STH APRIL 202S Cyeneral Total 2025 Total 2024 REC]£IPTS Contributions by Almspeople: Rent received 28,583 28,583 32,879 Investment income: Bank accoiint intei'csl Brokers deposit intCT¢sI UK dividends received Unit Ii'ustlOEIC dividend Acc iinits Unit trustlOEIC dividends received UK fixed intcirsl Ovei'seas interc51 Ovei'seas divideiid 361 236 50 236 50 1,538 178 631 47 30 149 47 30 149 29,095 29,095 35.438 ASSET AND INVESTMEI NT SALES Receipts from sale of investinents 14,684 14,684 74,170 14,684 14,684 74,170 Total Receipts 43,779 43.779 109.608 lxss: Total payments (Page 6} (53.706) (53,706) (73,462) Net Reecipts l (Payments) for year (9,927) (9,927) 36,146 Transfers between funds Adjustment to brought forwa]'d bank balance ,515 1,515 Bank Balances at 6.4.24 168,796 168,796 132,650 Bank Bxlanees at 5.4.25 160,384 160,384 168.796
THE INNS ALMSHOUSE TRU.ST (I'egistered cliarity nuinber 1195768) RECEIPTS AND PAYMENTS ACCOUNT (CONTINUED) FOR THE YEAR ENDED 5TH AI'RIL 202$ Ceneral ri und Total 2025 Total 2024 PAYMENTS Payments in relation to Charitable activities: Insurance Siibsci'iption Watei. Lig]it and h¢ating Repaii's and Inainlenance Siindi'y expenses Rates Legal and professional fces Investinenl manageinent f¢¢s 1,167 353 917 486 2,865 1,167 353 917 486 2.865 1,329 343 1,107 2,526 1.457 12 2.554 17,709 1,791 2,554 17.709 1,791 27,842 27,842 6,774 ASSET AND INVEI STMENT PURCHASES Purchase of investrnents 25,864 25,864 66,688 25.864 25,864 66,688 Total Payments 53,706 53,706 73,462
THE IL¥NS ALMSHO[IS.'j'RuST (rcgistered charily nuinbei. 1195768) STAT£MlINT OF ASSTrTS AND LIAIIILJTJFS AS AT 5T14 APRIL 2n25 No¢¥ 2015 2024 Moiietar), Assels Bank Balancc. Romran Dartingtoi) IncLime Accoiiiil {J¢r¢niiah Jnns) ncome A¢¢ounl (John Iniis) Capitiil Accoiijil (Jereiniah Iiin$} Capital A¢count (John Injts) Baiblays Cninniunity AcCni1it (Jeremiali IIM)s) Commiinity Accoiiiit (Jolui 61,268 90,172 Longmores Client Accouiit 6,720 Drewin Dolphiii Capiliql Account lii¢ome Account 3,307 19 15,772 19 160,384 168,796 Investment Assets Inveslllienl poitfolio (at Market Value) Freeliold Land aiid Buildijigs.. {at14istoric Cost) 7, 8. 9 & 10 Inns Close, Sievediibwe 53, 55, 57 & 59 Beniiigton Road, Ab"loti 76,153 66,152 4,758 5.540 4,758 5,540 86,451 76,450 246,835 245,246 Approved oli behalf of tlie'fru5tees'. Mr R HOr'00d Date..
THL INNS ALMsiqousf, TRU%T (i-eLYlStLI'cd chai'ity Iiumber 1195768) NOTEIS TO THF. ACCOUNTS fioR THE YIIAR ENDEID 5TH AI>IIIL 2025 Accounliiig Policies The Accoun15 liave been prepared on the Receipts ai)d Payincnts basis in accordance with tlie reqiiii'emcnts of the Charities Act 2011. b) Ii)vestinenls al'e stated al Inai'ket value a5 al the Balancc Sheet date. ri'eehold land and buildings are included iii Ihe financial slalements at tlicii. historical cost. All pi'operties ale used foT direct chai'itable purposes. InconiL Lienerated by tliese properties is utilised for chai'itable purposes. Ti'ustees expense$ No remuneration was paid to th¢ Triistees during the CLlI'rent and pi'eceding year. Dui'ing the cui'rent year £Nil (2024: £Nil) was paid to a Irustee foi. reimbuiEed expenses.