COLLINGWOOD AND LONGSTAFFE'S CHARITY
REGISTERED CHARITY NUMBER: 1205919
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 5 NOVEMBER 2024
COLLINGWOOD AND LONGSTAFFE’S CHARITY
FINANCIAL STATEMENTS
FOR PERIOD ENDED 5 NOVEMBER 2024
INFORMATION PAGE
| Working name | Collingwood and Longstaffe’s Charity |
|---|---|
| Charity number | 1205919 |
| Contact address | 1 Lairgill |
| High Bentham | |
| nr Lancaster | |
| LA2 7JZ | |
| Trustees | Mr. I. R. Wood (Chair) |
| Mr. T. S. Marshall | |
| Ms. J. Noble | |
| Mrs. C. Jennings | |
| Mrs. C. Woof | |
| Mr. G. Sinclair | |
| Mrs. D. Armstrong | |
| Mrs. J. Smith | |
| Canon. P. Greenwood | |
| Mr. T. Wills - Joined 10th July 2024 | |
| Secretary | Mrs. E. L. Greenep |
| Independent Examiners | Douglass Grange South Lakes Limited |
| Chartered Accountants | |
| Meadowbank House | |
| Meadowbank Business Park | |
| Shap Road, Kendal | |
| Cumbria LA9 6NY | |
| Bankers | National Westminster Bank Plc |
| 55 Main Street | |
| Kirkby Lonsdale | |
| Via Carnforth | |
| Lancashire LA6 2WY |
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COLLINGWOOD AND LONGSTAFFE’S CHARITY
TRUSTEES’ ANNUAL REPORT FOR THE PURPOSES OF SECTION 45 OF THE CHARITIES ACT
FOR PERIOD ENDED 5 NOVEMBER 2024
The trustees of the charity present their annual report on the affairs of the business, together with the accounts for the period ended 5 November 2024. The trustees have adopted the provisions of the Statement Of Recommended Practice (SORP) “Accounting and Reporting by Charities” issued in March 2005 in preparing the annual report and financial statements of the charity.
Charity name
The full name of the charity is Collingwood and Longstaffe’s Charity, registered charity number 1205919.
Structure, governance and management
The original charity was governed by its trust deed which was created on 6[th] November 1967. On 27[th] November 2023, the charity incorporated to become a Charitable Incorporated Organisation (CIO) and is now governed by an updated trust deed.
All of the trustees named on page 1 served from the CIO’s inception and throughout the year or as from the stated date of appointment.
There is no requirement within the updated trust deed to have Nominative trustees therefore all trustees are now Co-optative and are appointed by trustees for a term of five years after which they may put themselves forward for re-appointment.
Risk management
The trustees have overall responsibility for ensuring that the charity has appropriate systems of controls, financial and otherwise. The systems of financial controls are designed to provide reasonable, but not absolute assurance against material mis-statement of loss. They include an annual budget, approved by the trustees and regular review of actual results and variances from budget. The trustees will continue to monitor risks and set up policies to mitigate them. The buildings are covered under a block insurance policy and all residents hold contents insurance cover.
Objectives and activities
When planning activities for the year, the trustees have considered the commission’s guidance on public benefit and, in particular, the specific guidance on charities for the prevention or relief of poverty. The charity’s principal objectives are:-
PROVISION OF ALMSHOUSES FOR POOR PERSONS WHO ARE RESIDENT IN THE PARISH OF BENTHAM AND CLOSE CONNECTIONS OF THOSE RESIDENT IN THE PARISH OF BENTHAM.
There were no changes in the year in the policies adopted by the charity in order to further its objectives.
Public benefit
The trustees confirm they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Achievements and performance
No further work has been undertaken during the period on replacing kitchens, bathrooms or heating systems. Work on the three remaining properties concerned will be undertaken as vacancies arise.
A Disaster Recovery Plan (DRP) implemented in the previous year continues to be updated and circulated to all trustees to be actioned in the case of a serious emergency at one or all of the residences to ensure the safety of the residents is maintained.
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Investment policy and reserves
The charity holds investments in M&G Charity Multi Asset Fund Accumulation and Income Shares and the National Savings Investment Account in line with the Almshouse policy and these investments represent the designated reserves. At the period end the value of these was £120,406.09. The free reserves held in cash funds is considered to be adequate to meet unforeseen expenditure and loss of income due to periods of vacancies. At the period end the bank balance was £12,120.47.
Financial review
Total receipts on unrestricted funds were £22,792.58 of which £277.58 was investment income.
During the year Nil was spent on capital improvements.
During the period, £5,250 was transferred into the M&G Multi Asset Fund (Extraordinary Repairs Fund) and no transfers were made into the National Savings account (Cyclical Maintenance Fund).
£4,268.57 was spent on general repairs and maintenance with £848.25 being spent on gardening and path gritting.
Trustees’ Responsibilities
The trustees are required to prepare accounts for each financial year which give a true and fair view of the state of affairs of the company as at the end of the financial year and of the surplus or deficit of the company for that year. In preparing those accounts the trustees are required to:-
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a) Select suitable accounting policies and then apply them consistently,
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b) Make judgements and estimates that are reasonable and prudent,
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c) Follow applicable accounting standards, subject to any material departures disclosed and explained in the accounts; and
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d) Prepare the financial statements on the going concern basis unless it is inappropriate to presume that this basis applies. The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time, the financial position of the company and enable them to ensure that the accounts comply with all relevant legislation. They are also responsible for safeguarding the assets of the company and hence for takings reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Executive Committee
Mr I. Wood Ian Wood
Ian Wood (Aug 30, 2025 13:13:33 GMT+1)
30/08/2025 Date ……………………………………
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COLLINGWOOD AND LONGSTAFFE’S CHARITY
INDEPENDENT EXAMINERS’ REPORT TO THE TRUSTEES OF COLLINGWOOD AND LONGSTAFFE’S CHARITY
FOR PERIOD ENDED 5 NOVEMBER 2024
I report to the trustees on my examination of the accounts of Collingwood and Longstaffe’s Charity for the period ended 5 November 2024, which are set out on pages 5 to 7.
Responsibilities and basis of report
As the charity 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 Trustee’s accounts carried out under section 145 of the 2011 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 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:
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(1) accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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(2) the accounts do not accord with those records; or
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.
Douglass Grange Michael Ben Moffat FCCA Chartered Accountants Meadowbank House Meadowbank Business Park Shap Road Kendal Date 29 August 2025
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COLLINGWOOD AND LONGSTAFFE’S CHARITY
RECEIPTS AND PAYMENTS ACCOUNT
FOR PERIOD ENDED 5 NOVEMBER 2024
| Unrestricted | Restricted | Total funds | |
|---|---|---|---|
| funds | funds | ||
| £ | £ | £ | |
| Voluntary Receipts | |||
| Residents' Maintenance Contributions | 22,515.00 | - | 22,515.00 |
| Investment Income | |||
| Bank Interest | |||
| M&G Endowed Income | 277.58 | 277.58 | |
| TOTAL RECEIPTS | 22,792.58 | 22,792.58 | |
| Payments | |||
| Buildings Insurance | 1,291.18 | 1,291.18 | |
| Water Rates | 1,761.66 | 1,761.66 | |
| Alarm Monitoring and Maintenance | 730.08 | 730.08 | |
| General Repairs and Maintenance | 4,268.57 | 4,268.57 | |
| Electric and Gas | 376.78 | 376.78 | |
| Clerk's Expenses | 4,666.72 | 4,666.72 | |
| Chair & Vice Chair Expenses | - | - | |
| Garden Maintenance and Gritting | 848.25 | 848.25 | |
| Almshouse Association Subs | - | - | |
| Independent Examination Fees | 864.00 | 864.00 | |
| Sundries | 136.27 | 136.27 | |
| Trustees Insurance | 332.64 | 332.64 | |
| CIO Registration Costs | 952.20 | 952.20 | |
| TOTAL PAYMENTS | 16,228.35 | 16,228.35 | |
| Transfers out/in | |||
| Almshouse Association Loan repayment | 2,625.00 | 2,625.00 | |
| Cyclical Maintenance Fund - NS&I | - | - | |
| Extraordinary Repair Fund - M&G multi asset | 5,250.00 | 5,250.00 | |
| 7,875.00 | 7,875.00 | ||
| Excess of (Payments over Receipts)/Receipts over | Payments | (1,310.77) | |
| Opening Balance Cash Funds - Natwest Current | 13,431.44 | ||
| Closing Balance Cash Funds - Natwest Current | 12,120.47 |
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COLLINGWOOD AND LONGSTAFFE’S CHARITY
STATEMENT OF ASSETS AND LIABILITIES
AS AT 5 NOVEMBER 2024
| Cyclical Maintenance Fund (unrestricted fund) | ||
|---|---|---|
| National Savings and Investments Account | £ | |
| Opening Balance | 33,235 | |
| Transfer from General Fund | ||
| Interest Received | - | |
| Transfer to General Fund | - | |
| Closing Balance c/f | 33,235 | |
| Extraordinary Repair Fund (unrestricted fund) | ||
| Opening Balance - Market Value | (606.57 shares x £114.61) | 69,518 |
| Purchase from General Fund | (44.805 shares x £117.17) | 5,250 |
| Increase/(Decrease) in share values | 3,333 | |
| Closing Balance c/f - Market Value | (651.37 shares x £119.9017) | 78,101 |
| Permanent Endowment (restricted fund) | ||
| Opening Balance - Market Value | (9866 x £0.9091) | 8,969 |
| Transfer from General Fund | - | |
| Increase/(Decrease) in share values | 101 | |
| Closing Balance c/f - Market Value | (9866 x £0.9193) | 9,070 |
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COLLINGWOOD AND LONGSTAFFE’S CHARITY
STATEMENT OF ASSETS AND LIABILITIES
AS AT 5 NOVEMBER 2024
| Assets Cash Funds Natwest Current Account - unrestricted Natwest Reserve Account - unrestricted Investment Assets Cyclical Maintenance Fund - NS&I - unrestricted Extraordinary Repairs Fund - M&G Accum - unrestricted Permanent Endowment - M&G Income - unrestricted Assets Retained for Charity's own use Housing properties 1-9 Collingwood Terrace Market value of Properties Liabilities Creditors and Accruals Almshouse Association Loan |
£ £ 12,120 - 12,120 33,235 78,101 9,070 120,406 1,016,000 1,016,000 1,148,527 900 13,125 14,025 |
£ £ 12,120 - 12,120 33,235 78,101 9,070 120,406 1,016,000 1,016,000 1,148,527 900 13,125 14,025 |
|---|---|---|
| 1,148,527 | ||
| 900 13,125 |
||
| 14,025 |
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