**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: 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. **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. 2. **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

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