## The  John  White  Homes  -  War  Memorial  - Trust 

## ADMINISTERING 

_Nine Dwellings, completed in 1951 and known as The John White Close, Higham Ferrers, Donor   ---    the late JOHN WHITE, Esq., H.F._ 

Town Hall, Market Square, Higham Ferrers, Northamptonshire, NN10 8BT Telephone 01933 312075 

## **Annual Report 2021-22** 

## **Introduction** 

The Trust was created by a Deed dated 29 December 1950, that sets out the 

circumstances in which the Donor, Mr John White, a prominent Boot and Shoe 

Manufacturer in Rushden and Higham Ferrers, provided the Trust with a sum of 

£10,000-00, property situated in Wood Street, Higham Ferrers and an area of land in 

Midland Road, Higham Ferrers (on which the Trust Homes were subsequently built). 

This endowment, including the proceeds from the sale of the Wood Street property 

were used to finance the construction of the nine Trust Homes which are now known 

as The John White Close, being occupied at a nominal rent by elderly persons 

selected as beneficiaries of the Trust in accordance with criteria set out in the Trust 

Deed. 

## **The Trustees** 

The Trust Deed provides for a maximum of eleven, and not less than four trustees, 

with provision for four ‘Family Trustees’, three ‘Corporation Trustees’, the Vicar of 



Higham  Ferrers  and  an  ‘Additional  Trustee’  to  represent  the  nonconformists in the locality. 

The original ‘Family Trustees’ comprised the Donor, Mr John White, his wife, and his 

daughter Mrs Florence E Wilson together with her husband, Mr John L Wilson. The 

last surviving original trustee, Mrs Wilson died in 1999. At the present time the 

‘Family Trustees’ are Mr Bert Jackson and Mr David Hudson. Former ‘Family Trustee’ Mr David R Hill retired from the position in August 2022 due to ill health. The ‘Corporation Trustees’ were originally to be nominated by the Higham Ferrers Borough Council, being succeeded by the Higham Ferrers Town Council in 1974. The Trust Deed suggests that the Mayor, Deputy Mayor and Town Clerk should be nominated and this has been the case. For the year of May 2021-May 2022 the Mayor and Deputy Mayor were Councillor Christina Reavey and Councillor Angela Gardner. For the year of May 2022-May 2023 the Mayor and Deputy Mayor are Councillor Nigel Brown and Councillor Vijay Paul, who replaced Councillor Angela Gardner who had to step down from her position as Deputy Mayor mid-year. The Town Clerk was Mrs Sandra Mitcham until 31[st] March 2022, upon which the Town Clerk became Miss Alicia Schofield. Reverend Michelle Dalliston was appointed  as  a  Trustee  on  17[th] June  2020  by  virtue  of  being  the replacement  and  Interim  Vicar  of  Higham  Ferrers.  Reverend  Dalliston retired  from  her  position  in  February  2022  due  to  moving  to  another district within the Diocese. We have not had representation from St Mary’s church since Reverend Dalliston’s departure then as there was no official replacement Vicar in Higham Ferrers, but one has just been appointed for the upcoming year and we hope to invite her to become a Trustee when she arrives. Mr Brian Kirk, a resident of Higham Ferrers since his marriage in 1969, holds the position of Church Steward and Property Steward on the Methodist Church Council and has been the ‘Additional Trustee’ since his appointment on 17[th] June 2020. 

## **The Objects of the Trust** 

The objects of the Trust as set out within the Trust deed are as follows: “To  alleviate  the  hardships  of  persons  of  either  sex  of  limited  means residing or 

who have resided in or near the Borough of Higham Ferrers aforesaid or elsewhere in the United Kingdom by all or any of the following methods (that is to 

say):- 



(a) The provision of houses or lodgings or apartments for such persons or some 

of them respectively at rents or free of rents within their his or her means 

(b) The provision of financial assistance to all or any of such persons for such 

period or periods (whether continuous or discontinuous) as the Trustees may 

from time to time at their absolute discretion think fit 

(c)  The  fixing  of  the  maximum  rents  to  be  paid  for  the  properties respectively for 

the time being held in trust for the charity 

(d) The acquisition from time to time for the purposes of the charity of other 

property (whether freehold or leasehold held for a term of which not less than 

60 years is still unexpired at the time of the acquisition) such property as and 

when  acquired  (unless  and  until  the  said  lands  and  funds  have  been vested as 

aforesaid) to be vested in the Trustees or the survivors of them 

(e)  The  provision  of  gifts  from  the  property  and  funds  of  the  charity (whether of 

land or money or investments) to other charities or charitable Institutions having objects similar with those of this Charity 

(f) The payment from time to time or at any time out of the funds of the Charity of 

subscriptions of donations to other charitable Institutions as the Trustees may 

at their absolute discretion think proper.” 

## **The Trust Homes** 

The  nine Trust Homes are situated on land in Midland Road originally acquired for 

the purpose by the Donor being conveniently located close to the town centre. 

These single storey dwellings were designed by Professor A Richardson to a very 

high architectural standard at the time and comprise three blocks of three dwellings 

on three sides of a central green giving views of the Parish Church to the open south 

side. The buildings are constructed in hand-made brick under steep pitch tiled roofs 



with leaded light glazing. Each has two bedrooms. Gas fired boiler with radiators and central heating was installed in 1973 and secondary glazing in  2004.  The  timber  framed  windows  were  replaced  with  white  uPVC double glazed windows with a style in-keeping with the original design during  2019/20.  In  July  2021  elements  of  the  copper  guttering  were replaced  with  plastic  black  ogee.  The  original  copper  downpipes  and hoppers remain. The character of the development essentially remains as it was when built in 1951. 

## **The Beneficiaries of the Trust** 

The Trust Homes provide accommodation at rents substantially below the market 

rates for occupants who are selected in accordance with the criteria set out in the 

Trust Deed as follows:- 

“Each applicant for a home shall be allocated and shall be considered on his or 

her respective merits and those of his or her spouse and primary regard in the 

following sequence shall be had to:- 

(a) Length of residence in the Borough of Higham Ferrers aforesaid 

(b) Advancing years 

(c) Infirmity 

- (d) Hardship (financial or domestic) 

(e) Such other causes and matter and things as may to the Trustees seem fit.” 

In general the Trustees have favoured couples as providing best use of the properties and at 20[th] September 2022 three homes were so occupied, with widows 

occupying the remainder. The rent payable during the period of this report was                 £50.00 per week to 31[st] March 2022, increasing to £51.55 from 1[st] April 2022 in line with the state pension increase. There were no occupiers in receipt of Housing Benefit. 

## **Accounts for Year to 30 September 2022** 

A copy of the Certified Accounts is attached as an Appendix to this Report from 

which it will be apparent that the Trust has income comprising the rent for the Trust 

Homes and any interest on fund balances. The ongoing expenses continue to relate 

to the maintenance and improvement of the dwellings, adjacent footpaths, the 



upkeep  of  the  grounds,  appropriate  insurance  for  the  Trust  and  bank account fees. 

The day-to-day administration is undertaken by the Secretary. An annual administration fee is paid to the Higham Ferrers Town Council. The fee charged for the period of this report was £2000. A one-off administration fee of £200 currently applies for a change of tenancy. 

No  payments  or  expenses  were  paid  to  any  of  the  Trustees  or  the Secretary. 

## **Reserves Policy** 

It is considered that a General Fund balance of some £10,000 is necessary to 

provide a working fund to finance the day-to-day costs of the Trust. In addition, a 

Property  Repair  and  Improvement  Reserve  of  £90,000  is  considered prudent for 

maintaining the nine dwellings and as provision for property improvements in the short/medium term. 

## **Enquiries** 

All enquiries about the Trust should be addressed to: 

The Trust Secretary, The Town Clerk, Town Hall, Market Square, Higham Ferrers, 

Northamptonshire, NN10 8BT. Telephone/Fax 01933 312075. Report prepared by Emily Arrow, Trust Secretary 



THE JOHN WHITE HOMES (WAR MEMORIAL) TRUST
FINANCIAL YEAR TO 30 SEPTEMBER 2022
Rent Dobtors
0.00
Crgdltors
No. 1 Rent
No. 2 Rent
No. 3 Rent
No. 4 Rent
No. 5 Rent
No. 7 Rent
No. 9 Rent
100.00
94.00
1￿.00
6.00
94.00
94.00
188.00
766.00
Rent
Reconcilialion
ReceNed as Rent
23.790.60
23,790.60
766.00
24,556.60
Rent balance at 29109119
24,556.60
0.00
Add Debilors at 29109120
24,556.60
766.00
£23.790.60
Less Creditors at 29109120
Rent Due .' £200 x 6 payThenls
£203.20 x 7 payments
23,790.60
£23,790.60
Bank
Rwnclllatlon
Opening Balance al 2910w21
Add Receipts
173.375.79
25.608.34
198,984.13
22,923.39
Less Payments
176,060.74
Closing Balance at 29109121
£176,060.74
Busin8ss Alc. as al 29109121
Current AJC. as at 29109121
Blackrock CharinGO (al costl
66.637.51
59.423.23
50,000.00
£176,060.74

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**CHARITY REGISTRATION NUMBER: 203918** 

## **JOHN WHITE MEMORIAL HOMES UNAUDITED FINANCIAL STATEMENTS** 

## **29 SEPTEMBER 2022** 

## **MEADOWS & CO LIMITED** 

Chartered accountants Headlands House 1 Kings Court Kettering Parkway Kettering NN15 6WJ 



**JOHN WHITE MEMORIAL HOMES** 

# **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF JOHN WHITE MEMORIAL HOMES** 

**YEAR ENDED 29 SEPTEMBER 2022** 

I report to the trustees on my examination of the financial statements of John White Memorial Homes ('the charity') for the year ended 29 September 2022. 

## **RESPONSIBILITIES AND BASIS OF REPORT** 

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’). 

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 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 financial statements do not accord with those records; or 

3. the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts 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 accounts to be reached. 


B Cook ACA FCCA Independent Examiner 

Headlands House 1 Kings Court Kettering Parkway Kettering NN15 6WJ 

6 June 2023 



## **JOHN WHITE MEMORIAL HOMES** 

## **STATEMENT OF FINANCIAL ACTIVITIES** 

## **YEAR ENDED 29 SEPTEMBER 2022** 

|||**2022**|**2022**|2021|
|---|---|---|---|---|
|||Unrestricted|||
|||funds|**Total funds**|Total funds|
||**Note**|**£**|**£**|£|
|**Income resources**|||||
|Rent receivable|**4**|23,791|23,791|23,400|
|Investment income|**5**|1,662|1,662|1,769|
|General fund transfer|**6**|–|–|(2,000)|
|||----------------------------|----------------------------|----------------------------|
|**Total incoming resources**||25,453|25,453|23,169|
|||============================|============================|============================|
|**Expenditure**|||||
|Resources used|||||
|General expenditure|**7**|22,167|22,167|16,164|
|Special fund transfer|**8**|–|–|(2,000)|
|||----------------------------|----------------------------|----------------------------|
|**Total expenditure**||22,167|22,167|14,164|
|||============================|============================|============================|
|Net increase/decrease on investments|**9**|11,386|11,386|3,442|
|||----------------------------|----------------------------|----------------------------|
|**Net (expenditure)/income and net movement in funds**||(8,100)|(8,100)|5,563|
|||============================|============================|============================|
|**Reconciliation of funds**|||||
|Total funds brought forward||194,612|194,612|189,049|
|||--------------------------------|--------------------------------|--------------------------------|
|**Total funds carried forward**||186,512|186,512|194,612|
|||================================|================================|================================|



The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 



## **JOHN WHITE MEMORIAL HOMES** 

## **STATEMENT OF FINANCIAL POSITION** 

|**FIXED ASSETS**<br>Tangible fixed assets<br>**CURRENT ASSETS**<br>Investments<br>Cash at bank and in hand<br>**CREDITORS: amounts falling due**<br>**within one year**<br>**NET CURRENT ASSETS**<br>**TOTAL ASSETS LESS CURRENT**<br>**LIABILITIES**<br>**FUNDS OF THE CHARITY**<br>Unrestricted funds<br>**Total charity funds**|**29 SEPTEMBER 2022**<br>**2022**<br>2021<br>**Note**<br>**£**<br>**£**<br>£<br>£<br>**12**<br>23,020 <br>23,020<br>**13**<br>38,505 <br>49,891 <br>125,753 <br>123,067 <br>--------------------------------<br>--------------------------------<br>164,258 <br>172,958 <br>**14**<br>766 <br>1,366 <br>--------------------------------<br>--------------------------------<br>163,492 <br>171,592<br>--------------------------------<br>--------------------------------<br>186,512 <br>194,612<br>================================<br>================================<br>186,512<br>194,612<br>--------------------------------<br>--------------------------------<br>**15**<br>186,512 <br>194,612<br>================================<br>================================|
|---|---|



These financial statements were approved by the board of trustees and authorised for issue on 

……………………, and are signed on behalf of the board by: 

Emily Arrow Clerk to the Trustees 



## **JOHN WHITE MEMORIAL HOMES** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

## **YEAR ENDED 29 SEPTEMBER 2022** 

## **1. GENERAL INFORMATION** 

The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Town Hall, Market Square, Higham Ferrers, Rushden, NN10 8BT. 

## **2. STATEMENT OF COMPLIANCE** 

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011. 

## **3. ACCOUNTING POLICIES** 

## **Basis of preparation** 

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. 

The financial statements are prepared in sterling, which is the functional currency of the entity. 

## **Going concern** 

There are no material uncertainties about the charity's ability to continue. 

## **Judgements and key sources of estimation uncertainty** 

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. 

## **Fund accounting** 

General funds represent the funds of the trust that are not subject to any restrictions regarding their use and are available for application on the general purposes of the trust.  Funds designated for a particular purpose by the trust are restricted. 

The accounts include all transactions, assets and liabilities for which the trust is responsible in law. 

## **Incoming resources** 

Ordinary income - rental income from the letting of the trust premises is recognised when the rental is due. 

Income from investments - interest is accounted for when receivable. 

Investments - fixed assets investments are stated at fair value. 

## **Resources expended** 

Expenditure is recognised on an accrual basis and relates to the maintenance and improvements of the dwellings, adjacent footpaths and the upkeep of the grounds. 



**JOHN WHITE MEMORIAL HOMES** 

## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_ 

## **YEAR ENDED 29 SEPTEMBER 2022** 

## **3. ACCOUNTING POLICIES** _**(continued)**_ 

## **Tangible assets** 

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. 

## **Impairment of fixed assets** 

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. 

## **4. RENT RECEIVABLE** 

|||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|---|---|---|---|---|---|
|||Funds|**2022**|Funds|2021|
|||£|**£**|£|£|
||Rent receivable|23,791|23,791|23,400|23,400|
|||============================|============================|============================|============================|
|**5.**|**INVESTMENT INCOME**|||||
|||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|||Funds|**2022**|Funds|2021|
|||£|**£**|£|£|
||Dividends received|1,626|1,626|1,762|1,762|
||Bank interest received|36|36|7|7|
|||-----------------------|-----------------------|-----------------------|-----------------------|
|||1,662|1,662|1,769|1,769|
|||=======================|=======================|=======================|=======================|
|**6.**|**GENERAL FUND TRANSFER**|||||
|||Restricted|**Total Funds**|Restricted|Total Funds|
|||Funds|**2022**|Funds|2021|
|||£|**£**|£|£|
||Transfer (to) / from general fund|–|–|(2,000)|(2,000)|
|||==============|==============|=======================|=======================|
|**7.**|**GENERAL EXPENDITURE**|||||
|||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|||Funds|**2022**|Funds|2021|
|||£|**£**|£|£|
||Repairs and maintenance|15,529|15,529|9,841|9,841|
||Admin costs|3,994|3,994|4,103|4,103|
||Garden services|2,644|2,644|2,220|2,220|
|||----------------------------|----------------------------|----------------------------|----------------------------|
|||22,167|22,167|16,164|16,164|
|||============================|============================|============================|============================|





## **JOHN WHITE MEMORIAL HOMES** 

## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_ 

## **YEAR ENDED 29 SEPTEMBER 2022** 

## **8. SPECIAL FUND TRANSFER** 

|||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|---|---|---|---|---|---|
|||Funds|**2022**|Funds|2021|
|||£|**£**|£|£|
||Transfer to / (from) special fund|–|–|(2,000)|(2,000)|
|||==============|==============|=======================|=======================|
|**9.**|**NET INCREASE/DECREASE ON INVESTMENTS**|||||
|||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|||Funds|**2022**|Funds|2021|
|||£|**£**|£|£|
||Gains/(losses) in value of investments|(11,386)|(11,386)|(3,442)|(3,442)|
|||============================|============================|=======================|=======================|



## **10. INDEPENDENT EXAMINATION FEES** 

No fees were payable in respect of the independent examination. 

## **11. TRUSTEE REMUNERATION AND EXPENSES** 

No trustees received remuneration or reimbursement of expenses. 

## **12. TANGIBLE FIXED ASSETS** 

||**Freehold**|
|---|---|
||**property**|
||**£**|
|**Cost**||
|**At 30 September 2021 and 29 September 2022**|23,020|
||============================|
|**Depreciation**||
|**At 30 September 2021 and 29 September 2022**|–|
||============================|
|**Carrying amount**||
|**At 29 September 2022**|23,020|
||============================|
|At 29 September 2021|23,020<br>============================|



The freehold property is measured at its historical cost. The most recent survey carried out for insurance purposes stated the value of the property at £1,777,000. 

## **13. INVESTMENTS** 

|||**2022**|2021|
|---|---|---|---|
|||**£**|£|
||Investments|38,505|49,891|
|||============================|============================|
|**14.**|**CREDITORS:** **amounts falling due within one year**|||
|||**2022**|2021|
|||**£**|£|
||Trade creditors|766|1,366|
|||==============|=======================|





## **JOHN WHITE MEMORIAL HOMES** 

## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_ 

## **YEAR ENDED 29 SEPTEMBER 2022** 

## **15. ANALYSIS OF CHARITABLE FUNDS** 

## **Unrestricted funds** 

|||At||||**At**|
|---|---|---|---|---|---|---|
||30|September|||Gains and|**29 September**|
|||2021|Income|Expenditure|losses|**2022**|
|||£|£|£|£|£|
|General fund||194,612|25,453|(22,167)|(11,386)|186,512|
|||================================|============================|============================|============================|================================|
|||At||||At|
||30|September|||Gains and|29 September|
|||2020|Income|Expenditure|losses|2021|
|||£|£|£|£|£|
|General fund||187,049|25,169|(14,164)|(3,442)|194,612|
|||================================|============================|============================|=======================|================================|



## **16. ANALYSIS OF NET ASSETS BETWEEN FUNDS** 

||Unrestricted|**Total Funds**|
|---|---|---|
||Funds|**2022**|
||£|**£**|
|Tangible fixed assets|23,020|23,020|
|Current assets|164,258|164,258|
|Creditors less than 1 year|(766)|(766)|
||--------------------------------|--------------------------------|
|**Net assets**|186,512|186,512|
||================================|================================|
||Unrestricted|Total Funds|
||Funds|2021|
||£|£|
|Tangible fixed assets|23,020|23,020|
|Current assets|172,958|172,958|
|Creditors less than 1 year|(1,366)|(1,366)|
||--------------------------------|--------------------------------|
|**Net assets**|194,612|194,612|
||================================|================================|