## **Charity Registration Number: 203004** ## **HIGHWEEK CHARITIES** ## **TRUSTEES’ REPORT** ## **AND** ## **FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 DECEMBER 2022** **HIGHWEEK CHARITIES** **FINANCIAL STATEMENTS FOR THE VEAR ENDED 31 DECEMBER 2022** ||**Index**| |---|---| ||**Page**| |Charity Information|3| |Trustees Report|4-5| |Independent Examiner’s Report|6| |Receipts & Payments account|7| |Statement of Assets & Liabilities|8| ## **HIGHWEEK CHARITIES** 2 > **Board of Trustees** Richard Jenks - Chair Phil Bullivant – Vice Chair Derek Hexter – retired 01/08/2022 Robert Bryant Liz Roberts Gareth Regan Jeremy Howell Penny Hammond – appointed 31/05/2022 Ollie Giddings – appointed 31/05/2022 **Clerk & Collector** Lisa Hocking **Housing Corporation Number** A0542 **Registered Charity Number** Highweek Charities - 203004 The Parish Lands Charity - 203004/1 Gilberd’s Almshouses - 203004/2 Highweek Relief in Need Charity - 203004/3 Highweek General charity - 203004/4 **Charity Office** C/O 4 Castlewood Avenue Newton Abbot Devon TQ12 1NX Clare Lillington FMAAT **Independent Examiner** Raddon, Station Hill Chudleigh Newton Abbot TQ13 0EE > **Bankers** Lloyds 41 Courtenay Street Newton Abbot Devon TQ12 2QW 3 ## **HIGHWEEK CHARITIES** ## **TRUSTEES' REPORT** ## **FOR THE VEAR ENDED 31 DECEMBER 2022** The Board of Trustees present their report and the financial statements of the Highweek Charities, for the year ended 31 December 2022. ## **The Charity** The Highweek Charities consist of four linked charities: The Parish Lands Charity, Gliberd’s Almshouses, Highweek Relief in Need Charity and Highweek General Charity. The trustees named on page 1 are the trustees of all the Highweek Charities for the purpose of the Charities Act 2011 and are also the Board for the purposes of the Housing Act 2004. The trustees carry out their responsibilities to the Highweek Charities collectively under the Name of "The Feoffees of the Parish Lands of Highweek". ## **Board of Trustees** The trustees named on page 1 have served throughout the year, unless otherwise indicated. ## **Trustees' Responsibilities in relation to the financial statements** The Registered Social Housing and Charities legislation require the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the surplus or deficit for that period. In preparing these financial statements, the trustees are required to: - a) select suitable accounting policies and then apply them consistently; make judgements and estimates that are reasonable and prudent; - b) state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - c) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity is a going concern. ## **Charitable Objectives** The objectives of the charity are to provide financial help to the elderly and needy on the parish of Highweek, Devon as constituted on 30/03/1967. ## **Results, activities, achievements and future developments** The results for the year are set out in the financial statements on pages 5 to 7 and in the notes to the financial statements on pages 8 to 12. The Charity remains well positioned to continue undertaking its charitable objectives in the current year. The final payments due to the builder, Nigel Larner, for completing the refurbishment work on Gilberd’s House were made during this year and funded from the existing funds. Two trustees were appointed to replace Sue Ashworth and Jack Fletcher. 4 ## **Financial review** The Trustees consider the results for the year and the position of the Charity at the end of the year to be satisfactory. This report was approved by the Board on 16th August 2022 and signed on their behalf by Trustee ## Trustee 5 ## **INDEPENDENT EXAMINERS' REPORT TO THE TRUSTEES OF HIGHWEEK CHARITIES FOR THE** ## **YEAR ENDED 31 DECEMBER 2022** I report to the trustees on my examination of the accounts of Highweek Charities (the Trust) for the year ended 31 December 2022. ## **Responsibilities and basis of report** As the charity trustees of the Trust 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 Trust'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 Act. ## **Independent Examiners' 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 Trust 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. Clare Lillington BSc (Hons) FMAAT Raddon Station Hill Chudleigh Devon TQ13 0EE Date – 23rd August 2022 6 ## **HIGHWEEK CHARITIES RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022** |**RECEIPTS**|**2022**|**2021**| |---|---|---| |Gilberd’s Almshouses rent|41,346|40,255| |Parish Lands allotment rentals|654|648| |Investment income:||| |Parish Lands|477|426| |Highweek General|291|393| |Gilberd’s Almshouses|874|748| |Leaman Bequest charity transfer|5,677|5,185| |**Total**|**49,319**|**47,655**| |**PAYMENTS**||| |Services|5,931|5,783| |Management|8,726|8,725| |Major repairs|39,872|30,355| |Routine maintenance|339|798| |Fire risk and security|2,870|959| |Community room|828|1,166| |Clerk’s salary|5,096|4,968| |Accountancy|230|230| |Payments to parishioners|525|1,255| |Field expenses|1,748|2,567| |**Total**|**66,165**|**56,806**| |**Surplus/(defcit) for the year**|**(16,846)**|**(9151)**| |Add: Opening bank balances||| |01/01/2022||| |Highweek Parish Lands|20,161|15,453| |Relief in Need|40|40| |Highweek General|12,587|11,319| |Gilberd’s Almshouses|3,077|18,940| |Gilberd’s Almshouses|10,681|9,945| 7 **Total funds** **29,700** **46,546** |**HIGHWEEK CHARITIES**
STATEMENT OF ASSETS AND LIABILITIES
FOR THE YEAR ENDED 31 DECEMBER 2022
Bank balances
_Lloyds_
Highweek General Charity
Relief in Need
Parish Lands Charity
Gilberd’s Almshouses
**_COIF deposit account_**
Gilberd’s Almshouses
**Assets**
Freehold Housing Properties (valn Aug
2018)
Land at Pound Park and Pitt Hill Field (valn
Aug 2018)
Land – Parish Meadow (valn Aug 2018)
**Investments**
285.73 COIF Investment Fund - acc
354.83 COIF Investment Fund - acc
1396.60 COIF Investment Fund - inc
5384.40 COIF Fixed Interest - inc
230.83 COIF Investment Fund - inc
130.76 units Charinco Common Investment
Fund
534 units NAACIF Accumulation units
575.25 M&G Charifund income units
38 units Charifund accumulation|**2022**
9,367
40
2,947
5,795
11,552
**29,700**
500,000
201,000
70,000
**771,000**
63,060
6,665
25,389
6,256
231
191
56,354
8,453
11,000
**177,599**|**2021**
12,587
40
20,161
3,073
10,685| |---|---|---| |||**46,546**| |||500,000
201,000
70,000| |||**771,000**| |||69,196
7,298
25,688
7,136
231
240
55,912
8,952
11,021| |||**185,674**| ## **Liabilities** 1,623 637 Creditors 8 ## **Charity Registration Number: 203004** ## **HIGHWEEK CHARITIES** ## **TRUSTEES’ REPORT** ## **AND** ## **FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 DECEMBER 2022** **HIGHWEEK CHARITIES** **FINANCIAL STATEMENTS FOR THE VEAR ENDED 31 DECEMBER 2022** ||**Index**| |---|---| ||**Page**| |Charity Information|3| |Trustees Report|4-5| |Independent Examiner’s Report|6| |Receipts & Payments account|7| |Statement of Assets & Liabilities|8| ## **HIGHWEEK CHARITIES** 2 > **Board of Trustees** Richard Jenks - Chair Phil Bullivant – Vice Chair Derek Hexter – retired 01/08/2022 Robert Bryant Liz Roberts Gareth Regan Jeremy Howell Penny Hammond – appointed 31/05/2022 Ollie Giddings – appointed 31/05/2022 **Clerk & Collector** Lisa Hocking **Housing Corporation Number** A0542 **Registered Charity Number** Highweek Charities - 203004 The Parish Lands Charity - 203004/1 Gilberd’s Almshouses - 203004/2 Highweek Relief in Need Charity - 203004/3 Highweek General charity - 203004/4 **Charity Office** C/O 4 Castlewood Avenue Newton Abbot Devon TQ12 1NX Clare Lillington FMAAT **Independent Examiner** Raddon, Station Hill Chudleigh Newton Abbot TQ13 0EE > **Bankers** Lloyds 41 Courtenay Street Newton Abbot Devon TQ12 2QW 3 ## **HIGHWEEK CHARITIES** ## **TRUSTEES' REPORT** ## **FOR THE VEAR ENDED 31 DECEMBER 2022** The Board of Trustees present their report and the financial statements of the Highweek Charities, for the year ended 31 December 2022. ## **The Charity** The Highweek Charities consist of four linked charities: The Parish Lands Charity, Gliberd’s Almshouses, Highweek Relief in Need Charity and Highweek General Charity. The trustees named on page 1 are the trustees of all the Highweek Charities for the purpose of the Charities Act 2011 and are also the Board for the purposes of the Housing Act 2004. The trustees carry out their responsibilities to the Highweek Charities collectively under the Name of "The Feoffees of the Parish Lands of Highweek". ## **Board of Trustees** The trustees named on page 1 have served throughout the year, unless otherwise indicated. ## **Trustees' Responsibilities in relation to the financial statements** The Registered Social Housing and Charities legislation require the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the surplus or deficit for that period. In preparing these financial statements, the trustees are required to: - a) select suitable accounting policies and then apply them consistently; make judgements and estimates that are reasonable and prudent; - b) state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - c) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity is a going concern. ## **Charitable Objectives** The objectives of the charity are to provide financial help to the elderly and needy on the parish of Highweek, Devon as constituted on 30/03/1967. ## **Results, activities, achievements and future developments** The results for the year are set out in the financial statements on pages 5 to 7 and in the notes to the financial statements on pages 8 to 12. The Charity remains well positioned to continue undertaking its charitable objectives in the current year. The final payments due to the builder, Nigel Larner, for completing the refurbishment work on Gilberd’s House were made during this year and funded from the existing funds. Two trustees were appointed to replace Sue Ashworth and Jack Fletcher. 4 ## **Financial review** The Trustees consider the results for the year and the position of the Charity at the end of the year to be satisfactory. This report was approved by the Board on 16th August 2022 and signed on their behalf by Trustee ## Trustee 5 ## **INDEPENDENT EXAMINERS' REPORT TO THE TRUSTEES OF HIGHWEEK CHARITIES FOR THE** ## **YEAR ENDED 31 DECEMBER 2022** I report to the trustees on my examination of the accounts of Highweek Charities (the Trust) for the year ended 31 December 2022. ## **Responsibilities and basis of report** As the charity trustees of the Trust 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 Trust'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 Act. ## **Independent Examiners' 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 Trust 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. Clare Lillington BSc (Hons) FMAAT Raddon Station Hill Chudleigh Devon TQ13 0EE Date – 23rd August 2022 6 ## **HIGHWEEK CHARITIES RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022** |**RECEIPTS**|**2022**|**2021**| |---|---|---| |Gilberd’s Almshouses rent|41,346|40,255| |Parish Lands allotment rentals|654|648| |Investment income:||| |Parish Lands|477|426| |Highweek General|291|393| |Gilberd’s Almshouses|874|748| |Leaman Bequest charity transfer|5,677|5,185| |**Total**|**49,319**|**47,655**| |**PAYMENTS**||| |Services|5,931|5,783| |Management|8,726|8,725| |Major repairs|39,872|30,355| |Routine maintenance|339|798| |Fire risk and security|2,870|959| |Community room|828|1,166| |Clerk’s salary|5,096|4,968| |Accountancy|230|230| |Payments to parishioners|525|1,255| |Field expenses|1,748|2,567| |**Total**|**66,165**|**56,806**| |**Surplus/(defcit) for the year**|**(16,846)**|**(9151)**| |Add: Opening bank balances||| |01/01/2022||| |Highweek Parish Lands|20,161|15,453| |Relief in Need|40|40| |Highweek General|12,587|11,319| |Gilberd’s Almshouses|3,077|18,940| |Gilberd’s Almshouses|10,681|9,945| 7 **Total funds** **29,700** **46,546** |**HIGHWEEK CHARITIES**
STATEMENT OF ASSETS AND LIABILITIES
FOR THE YEAR ENDED 31 DECEMBER 2022
Bank balances
_Lloyds_
Highweek General Charity
Relief in Need
Parish Lands Charity
Gilberd’s Almshouses
**_COIF deposit account_**
Gilberd’s Almshouses
**Assets**
Freehold Housing Properties (valn Aug
2018)
Land at Pound Park and Pitt Hill Field (valn
Aug 2018)
Land – Parish Meadow (valn Aug 2018)
**Investments**
285.73 COIF Investment Fund - acc
354.83 COIF Investment Fund - acc
1396.60 COIF Investment Fund - inc
5384.40 COIF Fixed Interest - inc
230.83 COIF Investment Fund - inc
130.76 units Charinco Common Investment
Fund
534 units NAACIF Accumulation units
575.25 M&G Charifund income units
38 units Charifund accumulation|**2022**
9,367
40
2,947
5,795
11,552
**29,700**
500,000
201,000
70,000
**771,000**
63,060
6,665
25,389
6,256
231
191
56,354
8,453
11,000
**177,599**|**2021**
12,587
40
20,161
3,073
10,685| |---|---|---| |||**46,546**| |||500,000
201,000
70,000| |||**771,000**| |||69,196
7,298
25,688
7,136
231
240
55,912
8,952
11,021| |||**185,674**| ## **Liabilities** 1,623 637 Creditors 8 ## **Charity Registration Number: 203004** ## **HIGHWEEK CHARITIES** ## **TRUSTEES’ REPORT** ## **AND** ## **FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 DECEMBER 2022** **HIGHWEEK CHARITIES** **FINANCIAL STATEMENTS FOR THE VEAR ENDED 31 DECEMBER 2022** ||**Index**| |---|---| ||**Page**| |Charity Information|3| |Trustees Report|4-5| |Independent Examiner’s Report|6| |Receipts & Payments account|7| |Statement of Assets & Liabilities|8| ## **HIGHWEEK CHARITIES** 2 > **Board of Trustees** Richard Jenks - Chair Phil Bullivant – Vice Chair Derek Hexter – retired 01/08/2022 Robert Bryant Liz Roberts Gareth Regan Jeremy Howell Penny Hammond – appointed 31/05/2022 Ollie Giddings – appointed 31/05/2022 **Clerk & Collector** Lisa Hocking **Housing Corporation Number** A0542 **Registered Charity Number** Highweek Charities - 203004 The Parish Lands Charity - 203004/1 Gilberd’s Almshouses - 203004/2 Highweek Relief in Need Charity - 203004/3 Highweek General charity - 203004/4 **Charity Office** C/O 4 Castlewood Avenue Newton Abbot Devon TQ12 1NX Clare Lillington FMAAT **Independent Examiner** Raddon, Station Hill Chudleigh Newton Abbot TQ13 0EE > **Bankers** Lloyds 41 Courtenay Street Newton Abbot Devon TQ12 2QW 3 ## **HIGHWEEK CHARITIES** ## **TRUSTEES' REPORT** ## **FOR THE VEAR ENDED 31 DECEMBER 2022** The Board of Trustees present their report and the financial statements of the Highweek Charities, for the year ended 31 December 2022. ## **The Charity** The Highweek Charities consist of four linked charities: The Parish Lands Charity, Gliberd’s Almshouses, Highweek Relief in Need Charity and Highweek General Charity. The trustees named on page 1 are the trustees of all the Highweek Charities for the purpose of the Charities Act 2011 and are also the Board for the purposes of the Housing Act 2004. The trustees carry out their responsibilities to the Highweek Charities collectively under the Name of "The Feoffees of the Parish Lands of Highweek". ## **Board of Trustees** The trustees named on page 1 have served throughout the year, unless otherwise indicated. ## **Trustees' Responsibilities in relation to the financial statements** The Registered Social Housing and Charities legislation require the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the surplus or deficit for that period. In preparing these financial statements, the trustees are required to: - a) select suitable accounting policies and then apply them consistently; make judgements and estimates that are reasonable and prudent; - b) state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - c) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity is a going concern. ## **Charitable Objectives** The objectives of the charity are to provide financial help to the elderly and needy on the parish of Highweek, Devon as constituted on 30/03/1967. ## **Results, activities, achievements and future developments** The results for the year are set out in the financial statements on pages 5 to 7 and in the notes to the financial statements on pages 8 to 12. The Charity remains well positioned to continue undertaking its charitable objectives in the current year. The final payments due to the builder, Nigel Larner, for completing the refurbishment work on Gilberd’s House were made during this year and funded from the existing funds. Two trustees were appointed to replace Sue Ashworth and Jack Fletcher. 4 ## **Financial review** The Trustees consider the results for the year and the position of the Charity at the end of the year to be satisfactory. This report was approved by the Board on 16th August 2022 and signed on their behalf by Trustee ## Trustee 5 ## **INDEPENDENT EXAMINERS' REPORT TO THE TRUSTEES OF HIGHWEEK CHARITIES FOR THE** ## **YEAR ENDED 31 DECEMBER 2022** I report to the trustees on my examination of the accounts of Highweek Charities (the Trust) for the year ended 31 December 2022. ## **Responsibilities and basis of report** As the charity trustees of the Trust 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 Trust'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 Act. ## **Independent Examiners' 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 Trust 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. Clare Lillington BSc (Hons) FMAAT Raddon Station Hill Chudleigh Devon TQ13 0EE Date – 23rd August 2022 6 ## **HIGHWEEK CHARITIES RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022** |**RECEIPTS**|**2022**|**2021**| |---|---|---| |Gilberd’s Almshouses rent|41,346|40,255| |Parish Lands allotment rentals|654|648| |Investment income:||| |Parish Lands|477|426| |Highweek General|291|393| |Gilberd’s Almshouses|874|748| |Leaman Bequest charity transfer|5,677|5,185| |**Total**|**49,319**|**47,655**| |**PAYMENTS**||| |Services|5,931|5,783| |Management|8,726|8,725| |Major repairs|39,872|30,355| |Routine maintenance|339|798| |Fire risk and security|2,870|959| |Community room|828|1,166| |Clerk’s salary|5,096|4,968| |Accountancy|230|230| |Payments to parishioners|525|1,255| |Field expenses|1,748|2,567| |**Total**|**66,165**|**56,806**| |**Surplus/(defcit) for the year**|**(16,846)**|**(9151)**| |Add: Opening bank balances||| |01/01/2022||| |Highweek Parish Lands|20,161|15,453| |Relief in Need|40|40| |Highweek General|12,587|11,319| |Gilberd’s Almshouses|3,077|18,940| |Gilberd’s Almshouses|10,681|9,945| 7 **Total funds** **29,700** **46,546** |**HIGHWEEK CHARITIES**
STATEMENT OF ASSETS AND LIABILITIES
FOR THE YEAR ENDED 31 DECEMBER 2022
Bank balances
_Lloyds_
Highweek General Charity
Relief in Need
Parish Lands Charity
Gilberd’s Almshouses
**_COIF deposit account_**
Gilberd’s Almshouses
**Assets**
Freehold Housing Properties (valn Aug
2018)
Land at Pound Park and Pitt Hill Field (valn
Aug 2018)
Land – Parish Meadow (valn Aug 2018)
**Investments**
285.73 COIF Investment Fund - acc
354.83 COIF Investment Fund - acc
1396.60 COIF Investment Fund - inc
5384.40 COIF Fixed Interest - inc
230.83 COIF Investment Fund - inc
130.76 units Charinco Common Investment
Fund
534 units NAACIF Accumulation units
575.25 M&G Charifund income units
38 units Charifund accumulation|**2022**
9,367
40
2,947
5,795
11,552
**29,700**
500,000
201,000
70,000
**771,000**
63,060
6,665
25,389
6,256
231
191
56,354
8,453
11,000
**177,599**|**2021**
12,587
40
20,161
3,073
10,685| |---|---|---| |||**46,546**| |||500,000
201,000
70,000| |||**771,000**| |||69,196
7,298
25,688
7,136
231
240
55,912
8,952
11,021| |||**185,674**| ## **Liabilities** 1,623 637 Creditors 8