OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-12-31-accounts

REGISTERED CHARITY NUMBER: 203018

Mackrell's Charity ACCOUNTS

31 DECEMBER 2022

PEPLOWS LIMITED

Chartered Accountants Moorgate House King Street Newton Abbot Devon TQ122LG

Mackrell's Charity

Year ended 31 December 2022

Page

Mackrell's Charity Trustees' Annual Report For The Year Ended 31 December 2022

Reference and Administration Details

Charity Name Mackrell's Charity
Registered Charity Number 203018
Principal Office Church House
Queen Street
Newton Abbot
Devon
TQ12 2QP

Names of the Charity Trustees who Manage the Charity

Robert Hughes (retired 20 October 2021) Margaret Batten Paul Joyce Chris Hoey (retired 5 July 2022) Andrew Mill Patricia Mill Katy Farrell-Wright (appointed 12 October 2022) Dan Farrell- Wright (appointed 12 October 2022)

Names and Addresses of Advisers

Solicitor: WBW Solicitors Church House Queen Street Newton Abbot Devon TQ12 2QP Accountants: Peplows Limited Moorgate House King Street Newton Abbot Devon TQ12 2LG

Structure, Governance and Management

Description of the Charity's Trusts:

Type of governing document Scheme dated 10 October 1968
How the Charity is constituted Trust
Trustee selection methods Whenever a vacancy in the Board of Trustees occurs, the
continuing Trustees appoint a replacement person of good
standing within the local community.

-Page 1-

Mackrell's Charity Trustees' Annual Report For The Year Ended 31 December 2022

Fund Policies

Investments in stocks and shares are held in an unrestricted designated fund: the extraordinary repair fund. Realised gains are kept within this fund to reinvest. This fund exists to ensure any future extraordinary major repairs are covered.

Dividends and interest from investments, as well as contributions from residents, are held in an unrestricted general fund. This fund is for the purpose of fulfilling the charitable activities of Mackrell's Charity.

Objective and Activities

The objects are:

  1. For the benefit of the residents in the Almshouses of the Charity or any of them in such manner as the Trustees think fit from time to time.

The Trustees maintain the fabric of the Almshouse buildings and the gardens and paths outside, finance the repair & service of equipment, such as the boiler, and pay the gas charges after receiving a contribution from the residents. The Trustees have had regard to the guidance issued by the Charity Commission on public benefit.

Achievements and Performance

  1. The maintaining of the Almshouse buildings to be in a good state of repair. Total building and electrical repair costs in the year were £62,687 (2021: £71,150).

Financial Review

The Trustees aim to maintain a balance on the unrestricted general fund of the Charity of at least one year's annual expenditure. The fund currently covers between one and two years expenditure, based on current expenditure rates.

The Trustees also maintain a separate unrestricted designated fund which aims to meet any extraordinary, significant renovations that the Almshouse buildings may need in the future. The nature of this expenditure means that the timing of it is not predictable.

The investments shown at cost in the Statement of Assets and Liabilities have a valuation of £886,233 (2021: £1,023,158).

Declaration

The Trustees declare that they have approved the Trustees' report above.

Signed on behalf of the Charity's Trustees Signature, �- �--· • Full Name: d.� ................ �7-'?.Lr � Position: c�� - · .......... .

Date: 4 October 2023

-Page 2-

Mackrell's Charity

Independent Examiner's Report On The Accounts For The Year Ended 31 December 2022

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2022 which are set out on pages 4 and 5.

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.

Moorgate House King Street Newton Abbot Devon TQ12 2LG

Michael Young FCA- ICAEW Peplows Limited Chartered Accountants

Date: 4 October 2023

-Page 3-

Mackrell's Charity

Receipts and payments account for the year ended 31 December 2022

2022
£
£
Income
Residents maintenance payments
80,890.05
Residents heating payments
26;566.00'
Brewin Dolphin distributions
.18,914'03
Dividends - National Almshouses Association Investment Fund
- Accumulation shares
1,061.18
- Accumulation shares
1,849.13
Sundr deposits
3,079.09
132,359.48
Expenditure
Almshouse running cost
Boiler and central heating repairs
2,064.14
Building repairs and maintenance
60,622.66
Council tax
6,319.41
Electrical repairs
760.00
Electrical charges
754.06
Fire & security
668.04
Garden labour
2,731.33
Gas charges
20,494.29
HMRC
687.09
Insurance
5,369.90
Legal fees
Sundr cost
1,609.00
Membership subscription
309.00
Scafolding serices
720.00
Telephone
596.02
TV licence
292.50
Wardens salary
15,652.20
Water rates
19,695.44
Wheelie bin cleaning
544.00
139,889.08
Trust administration expenses
Admin fees
10,919.69
Secretary salary
11,630.60
Bank charges
212.48
22,762.77
Net income available
(30,292.37)
Transfers to Extraordinary Repair Fund
Dividends received from Extraordinary Repair Fund assets and reinvested
1,061.18
Annual payment to Extraordinary Repair Fund (M & G)
2,796.00
(Deficit)/surplus to General Fund
(34,149.55)		 2021
£
£
78,623.00
25,643.00
17,242.84
748.57
1,446.91
2,201.00
125,905.32
3,432.69
67,716.84
6,487.07
280.00
1,174.04
700.23
5,772.00
22,403.43
1,146.80
4,882.33
1,245.00
305.00
3,600.00
647.80
354.05
14,407.00
7,234.07
832.00
142,620.35
11,196.30
9,787.80
155.45
21,139.55
(37,854.58)
748.57
2,796.00
(41,399.15)		 2021
£
£
78,623.00
25,643.00
17,242.84
748.57
1,446.91
2,201.00
125,905.32
3,432.69
67,716.84
6,487.07
280.00
1,174.04
700.23
5,772.00
22,403.43
1,146.80
4,882.33
1,245.00
305.00
3,600.00
647.80
354.05
14,407.00
7,234.07
832.00
142,620.35
11,196.30
9,787.80
155.45
21,139.55
(37,854.58)
748.57
2,796.00
(41,399.15)
3,432.69
67,716.84
6,487.07
280.00
1,174.04
700.23
5,772.00
22,403.43
1,146.80
4,882.33
1,245.00
305.00
3,600.00
647.80
354.05
14,407.00
7,234.07
832.00
11,196.30
9,787.80
155.45
(37,854.58)
748.57
2,796.00
(41,399.15)

-Page 4-

Mackrell's Charity

Statements of assets and liabilities at 31 December 2022

Accumulated unrestricted funds
Designated: Extraordinar Repair Fund
Fund at the beginning of the year
Add: Surplus on sale of investments
Add: Transfer from receipts and payments account
General Fund
Fund at the beginning of the year
Add: Surplus/(deficit) from receipts and payments account
Represented by
Investments at cost
Brewin Dolphin
M & G Investments
Bank accounts
Bank current
WBW Client account
Brokers' accounts
Brewin Dolphin account		 2022
£
£
571,852.80
54,136.01
3,857.18
629,845.99
254,033.87
(34,149.55)
219,884.32
849,730.31
757,204.71
23,291.66
780,496.38
26,092.69
26,092.69
60.00
43,081.24
43,081.24
849,730.31		 2021
£
£
542,337.98
25,970.25
3,544.57
571,852.80
295,433.02
(41,399.15)
254,033.87
825,886.67
724,226.54
19,434.49
743,661.03
53,560.39
53,560.39
184.24
28,481.01
28,481.01
825,886.67
26,092.69
43,081.24

Position: Trustee

Date: 4 October 2023

-Page 5-