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: - a) Note to the accounts 5 on page 11 – Change the descriptor “Clerks salary” to “Clerks fees” on the note relating to governance costs. - b) Note to the accounts 7 on page 11 – amend independent examiners fee to reflect the amount shown in governance costs. The amount of £1,320 originally shown in note 7 was our agreed fee for the accounts preparation. The amount shown in governance costs includes an adjustment of £144 on the fees charged for the year ended 30 September 2021. A provision of £1,500 was made in the accounts but the actual charges were £1,644. 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: - the accounting records were not kept in respect of the charity as required by section 130 of the Act; or - the financial statements do not accord with those records; or - the financial statements do not comply with the applicable requirements concerning the form and content of the financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination. 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** - 1 **Accounting policies** ## **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