2021-12-31-accounts

Charity No: 208795

W H KING ALMSHOUSES TRUST REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021

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 2021

The trustees present their report for the year ended 31 December 2021.

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 trust maintains its policy of maintaining sufficient reserves to meet operating costs for a year in advance, allowing property improvements to be undertaken when funds allow.

The trustees continue to have a reasonable expectation that the trust has adequate resources for the continual operational existence for at least 12 months from the date of the approved accounts.

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 2021 (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 2021 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.

Colin Johnson FCCA MHA Moore and Smalley Chartered Accountants Kendal House Murley Moss Business Village Oxenholme Road Kendal LA9 7RL

13/04/2022 Date: ………………………

Page 3

W H KING ALMSHOUSES TRUST

RECEIPTS AND PAYMENTS ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2021

Note Receipts Rental income 2 Investment income Payments Water charges Insurances Repairs, renewals and maintenance Electricity Accountancy Purchase of M&G investment Sundry Expenses Net receipts for the year Bank and cash at 1 January 2021 Bank and cash at 31 December 2021	2021 2021 2021 2020 Unrestricted Restricted Total Total £ £ £ £ 31,800 - 31,800 30,721 254 - 254 297
	32,054 - 32,054 31,018
	1,274 - 1,274 979 970 - 970 943 6,856 - 6,856 1,257 12,294 - 12,294 9,948 834 - 834 792 20,000 - 20,000 - 244 - 244 361
	42,472 - 42,472 14,280
	(10,418) - (10,418) 16,738 45,152 - 45,152 28,414
	34,734 - 34,734 45,152

Page 4

W H KING ALMSHOUSES TRUST

STATEMENT OF ASSETS AND LIABILITIES

AS AT 31 DECEMBER 2021

Note Non Monetary assets Investment assets – valuation 3 Monetary assets Cash at bank Liabilities now due for payment	2021 £ 238,692 34,734 (870) 33,864	2020 £ 192,230 45,152 (834) 44,318

13/04/2022

These accounts were approved by the Trustees on …………………….

………………………………………….. ………………………………………….. J Ibison S Noble

Page 5

W H KING ALMSHOUSES TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

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 80 No 33 80 No 35 105 No 37 80 No 39 105 No 41 80 No 43 80	£ No of weeks 2021 2020 2021 2020 4,160 4,130 52 52 4,160 4,134 52 52 5,460 4,620 52 44 4,160 4,134 52 52 5,460 5,523 52 53 4,240 4,046 53 51 4,160 4,134 52 52 31,800 30,721

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	2021 £ 231,666 7,026 238,692	2020 £ 185,784 6,446 192,230

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