**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.
2. **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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