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2022-09-30-accounts

Our Ref: WKK/AKR001

Mr D Coles The Akrill Homes 9 Highcroft Drive Sutton Coldfield B74 4SX

21 April 2023

Dear David

THE AKRILL HOMES

Thank you for your telephone call yesterday, it was nice to speak to you.

I have put through the amendments to the accounts for 30 September 2022 as discussed on the telephone. The amendments are as follows:

Please note that the change relating to the Clerks fees also changes the descriptor of this expense in the Detailed Statement of Financial Activities on page 15.

If you have any further queries or amendments once you have met with the Board of Trustees, please let me know.

Kind regards.

Yours sincerely,

Wendy Kershaw

Wendy K Kershaw CTA, ATT GLAZIK KERSHAW LIMITED

The Akrill Homes

Charity No. 203711

Trustees' Report and Unaudited Accounts

30 September 2022

The Akrill Homes Contents

Pages
Trustees' Annual Report 2 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Accounts 7 to 14
Detailed Statement of Financial Activities 15 to 16

Page 1

The Akrill Homes Trustees Annual Report

The trustees present their report with the unaudited financial statements of the charity for the year ended 30 September 2022.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 203711

Principal Office

9 Highcroft Drive Sutton Coldfield West Midlands B74 4SX

Trustees

The following trustees served during the year:

D. Coles R. Johnson (Resigned 1 September 2022) H. Veasey-Pugh R. Wilding D.M. Wills G.D. Woodhall

Key Management Personnel

Chair H Veasey-Pugh Accountants Glazik Kershaw Limited Suite 5 6 Watmough's Arcade Hedon East Yorkshire HU12 8EZ

Bankers

The Co-Operative Bank P O Box 250 Skelmersdale WN8 6WT

OBJECTIVES AND ACTIVITIES

The objectives of the charity is to provide Almshouses to be used as accommodation of elderly residents in need, over the age of 60 who have lived in Sandwell for 5 years.

The Trustees have paid due regard to the guidance issued by the Charity Commission in deciding what activities the Charity should undertake.

ACHIEVEMENTS AND PERFORMANCE

Gross income of £ 57,803 (2021 £50,509) was received.

Page 2

The Akrill Homes Trustees Annual Report

FINANCIAL REVIEW

The state of the Charity's affairs is set out in the attached financial accounts and continues to be satisfactory. The investments are reviewed annually by the Trustees.

The policy of the Charity is to maintain unrestricted funds at a level sufficient to ensure that it's ongoing objectives and activities are not negatively impacted.

The Trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Charity is an unincorporated charity.

Trustees are appointed for their skills set which it is considered would be an asset to the furtherance of the objectives of the Charity. No new trustees have been appointed this year. Trustees are re-elected every five years and the position of Chair, Vice-Chair and Treasurer are elected every year. The charity has a board of 5 trustees at the present time whose responsibility it is to ensure that the aims and objectives of the charity are complied with. The Clerk to the charity manages the day to day activities of the charity. Any of the Trustees are available for advice but the Clerk has frequent and regular contact with the Chair and Vice-Chair.

Statement of trustees' responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed on behalf of the charity's trustees

H. Veasey-Pugh Trustee

Date:

Page 3

The Akrill Homes Independent Examiners Report

Independent Examiner's Report to the trustees of The Akrill Homes

I report to the trustees on my examination of the financial statements of The Akrill Homes for the year ended 30 September 2022 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011('the Act'). The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed.

I report in respect of my examination of the charity's financial statements 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 examiner's statement

I have completed my examination. I can 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:

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 financial statements to be reached.

Wendy Kershaw Glazik Kershaw Limited Suite 5 6 Watmough's Arcade Hedon East Yorkshire HU12 8EZ

Date:

Page 4

The Akrill Homes Statement of Financial Activities

for the year ended 30 September 2022

Notes
Income and endowments
from:
Charitable activities
3
Investments
4
Total
Expenditure on:
Charitable activities
5
Other
6
Total
Net (losses)/gains on
investments
Net income
7
Transfers between funds
Net income before other
gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds		 Endowment
funds		 Total funds Total funds
2022 2022 2022 2021
£ £ £ £
53,945 - 53,945 48,691
3,858 - 3,858 1,818
57,803 - 57,803 50,509
13,290 - 13,290 14,524
26,593 - 26,593 27,516
39,883 - 39,883 42,040
- (12,565) (12,565) 27,525
17,920 (12,565) 5,355 35,994
- - - -
17,920 (12,565) 5,355 35,994
17,920 (12,565) 5,355 35,994
278,949 392,115 671,064 635,070
296,869 379,550 676,419 671,064

Page 5

The Akrill Homes Balance Sheet

at 30 September 2022

Charity No. 203711
Fixed assets
Tangible assets
9
Investments
10
Current assets
Debtors
11
Cash at bank and in hand
Creditors:Amount falling due within one year
12
Net current assets
Total assets less current liabilities
Net assets excluding pension asset or liability
Total net assets
The funds of the charity
Restricted funds
14
Endowment funds
Unrestricted funds
14
General funds
Reserves
14
Total funds		 2022
£
339,426
111,601
451,027
2,273
224,950
227,223
(1,831)
225,392
676,419
676,419
676,419
379,550
379,550
296,869
296,869
676,419		 2021
£
344,957
124,166
469,123
1,811
202,735
204,546
(2,605)
201,941
671,064
671,064
671,064
392,115
392,115
278,949
278,949
671,064

Approved by the trustees on [Date: ]

And signed on their behalf by:

H. Veasey-Pugh Trustee

Date:

Page 6

The Akrill Homes Notes to the Accounts

for the year ended 30 September 2022

Charity information

The Akrill Homes is an unincorporated charity that is registered with the Charities Commission.

Basis of preparation

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charity's trust deed and the Charities Act 2011.

The Charity has taken advantage of the provisions in the SORP for charities applying FRS102 Update Bulletin 1 not to prepare a statement of cash flows.

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £1

The financial statements have been prepared under the historical cost convention (modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Charitable funds

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.

Endowment funds These are subject to specific conditions imposed by the donors that the capital must be maintained by the Charity.

Page 7

The Akrill Homes Notes to the Accounts

Income

Income
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity
income becomes entitled to, and virtually certain to receive, the income and the amount of
the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is
expenditure reported gross in the SoFA.
Donations and Voluntary income received by way of grants, donations and gifts is included in the
legacies the SoFA when receivable and only when the Charity has unconditional entitlement
to the income.
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the gift or
donations and gifts donation to which it relates.
Donated services These are only included in income (with an equivalent amount in expenditure)
and facilities where the benefit to the Charity is reasonably quantifiable, measurable and
material.
Volunteer help The value of any volunteer help received is not included in the accounts.
Investment income This is included in the accounts when receivable.
Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value
revaluation of fixed at the end of the year.
assets
Gains/(losses) on This includes any gain or loss on the sale of investments.
investment assets
Expenditure
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which
expenditure cannot be fully recovered, and is reported as part of the expenditure to which it
relates.
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising
raising funds trading costs and investment management costs.
Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and
charitable activities services in the furtherance of its objects, including the making of grants and
governance costs.
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for
grants that have been approved by the trustees at the end of the year but not yet
paid.
Governance costs These include those costs associated with meeting the constitutional and statutory
requirements of the Charity, including any independent examination fees, costs
linked to the strategic management of the Charity, together with a share of other
administration costs.
Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from tax on its charitable activities.

Page 8

The Akrill Homes Notes to the Accounts

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Freehold property 2% Straight line Fixtures and fittings 5% Reducing balance

At each reporting end date, the Charity reviews the carrying amounts of it's tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Fixed asset investments

Fixed asset investments are measured initially at cost and subsequently at fair value at each balance sheet date. All gains or losses are taken to the Statement of Financial Activities as they arise. Transaction costs are expensed as they arise.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less, and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

Page 9

The Akrill Homes

Notes to the Accounts

2 Statement of Financial Activities - prior year

2
Statement of Financial Activities - prior year
Income and endowments from:
Charitable activities
Investments
Total
Expenditure on:
Charitable activities
Other
Total
Net income
Net income before other
gains/(losses)
Other gains and losses:
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
3
Income from charitable activities
Supporting People
Charitable rental income
4
Income from investments
Investment income
Other interest receivable		 Unrestricted
funds
2021
£
48,691
1,818
50,509
14,524
27,516
42,040
8,469
8,469
-
8,469
270,480
278,949
Unrestricted
£
227
53,718
53,945
Unrestricted
£
627
3,231
3,858		 Endowment
funds
2021
£
-
-		 Total funds
2021
£
48,691
1,818
-
-
-		 50,509
14,524
27,516
- 42,040
- 8,469
-
27,525		 8,469
27,525
27,525
364,590		 35,994
635,070
392,115 671,064
Total
2022
£
227
53,718		 Total
2021
£
227
48,464
53,945 48,691
Total
2022
£
627
3,231		 Total
2021
£
184
1,634
3,858 1,818

Page 10

The Akrill Homes

Notes to the Accounts

5 Expenditure on charitable activities

Governance costs
Trustee insurance
Independent examination
fees
Clerks fees
Almshouse Association
subscriptions
6
Other expenditure
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
7
Net income before transfers
This is stated after charging:
Depreciation of owned fixed assets
Independent Examiner's fee
8
Staff costs		 Unrestricted
£
576
1,464
11,029
221
13,290
Unrestricted
£
15,966
10,518
109
26,593
2022
£
10,518
1,464		 Total
2022
£
576
1,464
11,029
221		 Total
2021
£
768
1,530
12,011
215
13,290 14,524
Total
2022
£
15,966
10,518
109		 Total
2021
£
15,938
10,317
1,261
26,593 27,516
2021
£
10,317
1,530

There were no employees during the year.

Page 11

The Akrill Homes Notes to the Accounts

9 Tangible fixed assets

Cost or revaluation
At 1 October 2021
Additions
At 30 September 2022
Depreciation and
impairment
At 1 October 2021
Depreciation charge for the
year
At 30 September 2022
Net book values
At 30 September 2022
At 30 September 2021
10 Investments
Cost or revaluation
At 1 October 2021
At 30 September 2022
Provisions and impairment
Revaluation
At 30 September 2022
Net book values
At 30 September 2022
At 30 September 2021		 Land and
buildings
£
467,230
-
467,230
140,744
9,345
150,089
317,141
326,486		 Fixtures and
fittings		 Total
£
488,907
4,987
£
21,677
4,987
26,664 493,894
3,206
1,173		 143,950
10,518
4,379 154,468
22,285 339,426
18,471 344,957
Other
investments
- Unlisted
£
124,166		 Total
£
124,166
124,166 124,166
12,565 12,565
12,565 12,565
111,601 111,601
124,166 124,166
Unlisted investments
Market value of listed investments
11 Debtors
Other debtors
Prepayments and accrued income		 2022
£
111,601
2022
£
1,042
1,231
2,273		 2021
£
124,166
2021
£
-
1,811
1,811

Page 12

The Akrill Homes Notes to the Accounts

12 Creditors:

amounts falling due within one year

2022
2021
£
£
Trade creditors
-
65
Accruals
1,831
2,341
Deferred income
-
199
1,831
2,605
13 Deferred Income
Movement of the deferred income shown in_Creditors: amounts falling due within one year_
2022
2021
£
£
At 1 October
199
-
Released in current year
(199)
-
Deferred in current year
-
199
At 30 September
-
199
Deferred income relates to rents received before the year end for a period falling after the year end.		 2022
£
-		 2021
£
65
1,831 2,341
- 199
2,605
2021
£
-
-
199
199

14 Movement in funds

Restricted funds:
Endowment funds:
Endowment Fund
Total
Unrestricted funds:
General funds
Total funds		 At 1 October
2021
392,115
392,115
278,949		 Incoming
resources
(including
other
gains/losses
)
£
-
-
57,803		 Resources
expended
£		 At 30
September
2022
£
379,550
(12,565)
(12,565) 379,550
296,869
(39,883)
671,064 57,803
(52,448) 676,419

Purposes and restrictions in relation to the funds:

Endowment funds:

Endowment Fund Assets which must be held permanently by the charity, principally investments. Income arising on the endowment fund can be used in accordance with the objects of the charity and is included in unrestricted income. Any capital gains or losses arising on the investments form part of the fund. Investment management charges and legal advice relating to the fund are charged against the fund.

Page 13

The Akrill Homes Notes to the Accounts

15 Analysis of net assets between funds

15 Analysis of net assets between funds
Fixed assets
Investments
Net current assets
16 Reconciliation of net debt
Cash and cash equivalents
Net debt		 Unrestricted
funds
£
71,477		 Endowment
funds
£
267,949		 Total
£
339,426
- 111,601 111,601
225,392
296,869
At 1 October
2021
£		 - 225,392
379,550 676,419
Cash flows
£		 At 30
September
2022
£
202,735 22,215 224,950
202,735
202,735		 22,215 224,950
22,215 224,950

Page 14

The Akrill Homes Detailed Statement of Financial Activities

for the year ended 30 September 2022

Income and endowments from:
Charitable activities
Supporting People
Charitable rental income
Investments
Investment income
Other interest receivable
Total income and endowments
Expenditure on:
Governance costs
Trustee insurance
Independent examination fees
Clerks fees
Almshouse Association
subscriptions
Total of expenditure on charitable
activities
Premises costs
Garden maintenance
Rates
Alarm rental
Window cleaning
Premises insurances
Premises repairs and
maintenance
Other premises costs
General administrative costs,
including depreciation and
amortisation
Depreciation of land and
buildings
Depreciation of Fixtures and
fittings
Bank charges
Sundry expenses		 Unrestricte
d funds
2022
£
227
53,718
53,945
627
3,231
3,858
57,803
576
1,464
11,029
221
13,290
13,290
1,820
459
1,537
934
1,473
9,362
381
15,966
9,345
1,173
109
-
10,627		 Endowment
funds
2022
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total funds
2022
£
227
53,718
53,945
627
3,231
3,858
57,803
576
1,464
11,029
221
13,290
13,290
1,820
459
1,537
934
1,473
9,362
381
15,966
9,345
1,173
109
-
10,627		 Total funds
2021
£
227
48,464
48,691
184
1,634
1,818
50,509
768
1,530
12,011
215
14,524
14,524
3,330
1,738
2,562
1,162
1,627
4,470
1,049
15,938
9,345
972
139
1,122
11,578

Page 15

The Akrill Homes Detailed Statement of Financial Activities

The Akrill Homes
Detailed Statement of Financial Activities
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net income
Net income before other
gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 26,593
39,883
-
17,920
17,920
-
17,920
278,949
296,869		 -
-
(12,565)
(12,565)
(12,565)
-
(12,565)
392,115
379,550		 26,593
39,883
(12,565)
5,355
5,355
-
5,355
671,064
676,419		 27,516
42,040
27,525
35,994
35,994
-
35,994
635,070
671,064

Page 16