W H King Almshouses Trust Report and Accounts For the Year Ended 31 December 2020
W H KING ALMSHOUSES TRUST
CONTENTS
| Report of the trustees | 1 |
|---|---|
| Independent Examiner's Report | 3 |
| Receipts and payments account | 4 |
| Statement of assets and liabilities | 5 |
| Notes to the accounts | 6 |
W H KING ALMSHOUSES TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020
The trustees present their report for the year ended 31 December 2020.
1 . Constitution & Objects
The Organisation was established by a chancery scheme of 25 July 1923 and Charity Commission scheme of 3 March 1953. It is registered with the Charity Commissioners, (Number 208795) in accordance with the Charities Act 2011.
The objects of the Organisation are to provide almshouses for aged or infirm persons who are unable to maintain themselves by their own exertions, within Garstang and district.
2. Trustees
The trustees during the year to date were as follows:-
Simon J Noble David Wright John Ibison
Trustees are appointed by the Board of Trustees and must put themselves forward for re-appointment at the AGM.
3. Monetary Assets/Reserves
The trustees have a policy of retaining sufficient funds to meet one year’s operating costs, excluding property improvements which are undertaken when funds allow. Reserves have been maintained at a sufficient level throughout the year. The reserves shown at the foot of the Receipts and Payments account on page 4 amount to £45,152 at 31 December 2020.
The COVID-19 pandemic has had a minimal impact on W H King Almshouses Trust apart from both residents and trustees having to self isolate. Interaction with residents has continued to be reduced to telephone calls to ensure their safety and any scheduled maintenance works have been put on hold to limit exposure to the residents. This has reduced expenses so far during the pandemic. The trustees have a reasonable expectation that the trust has adequate resources to continue in operational existence for a period of at least 12 months from the date the accounts are approved.
4. Risk Management
The trustees have examined the major strategic business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.
In the year the trustees have had due regard to guidance published by the Charity Commission on public benefit.
5.
Activities during the Year
During the year, the trustees have continued to work towards achieving the Organisation’s objectives.
The results of the year are shown on page 4 of these accounts.
Page 1
W H KING ALMSHOUSES TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020 (continued)
6. Trustees’ Responsibilities
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
………………………………….. ………………………………….. Principal Office: 41 Bonds Lane John Ibison Simon Noble Preston ON BEHALF OF THE TRUSTEES PR3 1ZB
Page 2
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF
W H KING ALMSHOUSES TRUST
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2020 which are set out on pages 4 to 6.
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:
- 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.
Ian Clark FCCA MHA Moore and Smalley Chartered Accountants Kendal House Murley Moss Business Village Oxenholme Road Kendal LA9 7RL
Date: ……………………… 06/04/2021
Page 3
W H KING ALMSHOUSES TRUST
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2020
| Note Receipts Rental income 2 Investment income Payments Water charges Insurances Repairs, renewals and maintenance Electricity Accountancy Sundry Expenses Net receipts for the year Bank and cash at 1 January 2020 Bank and cash at 31 December 2020 |
2020 2020 2020 2019 Unrestricted Restricted Total Total £ £ £ £ 30,721 - 30,721 27,186 297 - 297 327 |
|---|---|
| 31,018 - 31,018 27,513 |
|
| 979 - 979 1,253 943 - 943 960 1,257 - 1,257 12,850 9,948 - 9,948 8,889 792 - 792 756 361 - 361 328 |
|
| 14,280 - 14,280 25,036 |
|
| 16,738 - 16,738 2,475 28,414 - 28,414 25,939 |
|
| 45,152 - 45,152 28,414 |
Page 4
W H KING ALMSHOUSES TRUST
STATEMENT OF ASSETS AND LIABILITIES
AS AT 31 DECEMBER 2020
| 2020 Note £ Non Monetary assets Investment assets – valuation 3 192,230 Monetary assets Cash at bank 45,152 Liabilities now due for payment (834) 44,318 These accounts were approved by the Trustees on ……………………. ………………………………………….. …………………………………………. J Ibison S Noble 03/04/2021 |
2019 £ 198,857 28,414 (792) 27,622 . |
|---|---|
Page 5
W H KING ALMSHOUSES TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2020
1. Accounting policies
- a) Basis of preparation
The accounts have been presented on a Receipts and Payments basis and in accordance with the guide to the Charities SORP entitled “Accounting for the Smaller Charity” on the grounds that as the Trust’s gross receipts or payments are below £250,000 per annum, it qualifies as a small charity.
-
b) Non monetary assets have been included at their current value.
-
Rental income
| £ Weekly rate No 31 78 / 80 No 33 78 / 80 No 35 105 No 37 78 / 80 No 39 102 / 105 No 41 78 / 80 No 43 78 / 80 |
£ No of weeks 2020 2019 2020 2019 4,130 2,730 52 35 4,134 4,068 52 53 4,620 3,096 44 31 4,134 3,993 52 52 5,523 5,241 53 52 4,046 3,990 51 52 4,134 4,068 52 53 30,721 27,186 |
|---|---|
3. Investment Assets
These are held with M & G Investments unit trusts and the market value at the year end is as follows:
| NAACIF Accumulation Fund NAACIF Income Fund |
2020 £ 185,784 6,446 192,230 |
2019 £ 191,891 6,966 198,857 |
|---|---|---|
Page 6
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