Docusign Envelope ID". 85B03EE2-1DEB4FOO-8549-B6B7E13B4598 Charity No: 208795 W H KING ALMSHOUSES TRUST REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 An independent meFnbEr of bakertilly INTERNATIONAL
Docusign Envelope ID". 85B03EE2-1DEB4FOO-8549-B6B7E13B4598 W H KING ALMSHOUSES TRUST CONTENTS Report of the Iruslees Independent Examiner's Report Receipts and payments account Statement of assets and liabilities Notes lo the accounts
Docusign Envelope ID". 85B03EE2-1DEB4FOO-8549-B6B7E13B4598 W H KING ALMSHOUSES TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 The Iruslees present their report for the year ended 31 December 2023. 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 2087951 in accordan with the Charities Act 2011. The objects of the Organisalion are to provide almshouses for aged or infirm persons who are unable lo maintain themselves by their own exertions, within Garstang and district. Trustees The trustees during the year lo date were as follows'.- Simon J Noble David Wright Paul Ronson lappoinled November 20221 John Ibison Trustees are appointed by the Board of Trustees and must pul themselves forward for re-appointment at the AGM. Monetary AssetslReserves The trust maintains ils policy of maintaining sufficient reserves to meet operating costs for a year in advance, allowing property improvements lo be undertaken when funds allow. The trustees continue to have a reasonable expectation that the trust has adequate reSoUrS for the continual operational existence for al least 12 months from the dale of the approved accounts. Risk Managernent The trustees have examined the major strategic business and operational risks which the charity faces and confirm that systems have been established lo enable regular reports to be produced so that the necessary steps can be taken lo lessen these risks. In the year the trustees have had due regard to guidance published by the Charity Commission on public benefit. Actlvltles durlng the Year During the year, the Iruslees have continued lo work towards achieving the Organisation's objectives. The results of the year are shown on page 4 of these accounts. Page 1
Docusign Envelope ID". 85B03EE2-1DEB4FOO-8549-B6B7E13B4598 W H KING ALMSHOUSES TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 Icontinuedl 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 hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. IsrL Principal Office.. 41 Bonds Lane Preston PR3 1ZB John Ibison ON BEHALF OF THE TRUSTEES Paul Ronson Page 2
Docusign Envelope ID". 85B03EE2-1DEB4FOO-8549-B6B7E13B4598 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF W H KING ALMSHOUSES TRUST I report lo the charity Iruslees on my examination of the accounts of the charity for the year ended 31 December 2023 which are set out on pages 4 10 6. Responsibilities and basis of report As the charity's trustees you are responsible for the preparation of the accounts in aordanCe with the requirements of the Charities Act 2011 {'Ihe Acl'}- 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{5llbl 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 lo 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 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 understsnding of the accounts to be reached. Colin Johnson FCCA MHA Chartered Accountants Kendal House Murley Moss Business Ifillage Oxenholme Road Kendal LA9 7RL Date: October 26, 2024 Page 3
Docusign Envelope ID". 85B03EE2-1DEB4FOO-8549-B6B7E13B4598 W H KING ALMSHOUSES TRUST RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2023 Unrestricted Restricted 2023 Total 2022 Total Note Receipts Rental income Investment income 35,880 600 35,880 600 34,370 365 36,480 36.480 34.735 Payments Water charges Insurances Repairs, renewals and maintenance Electricity Accountancy Sundry Expenses 1,378 1,378 1,288 970 6,361 12.632 870 204 45,189 15,727 954 351 45,189 15,727 954 351 63.599 63.599 22,325 Net receipts for the year 127,1191 127,119) 12.410 Bank and cash at 1 January 2023 34.734 Bank and cash at 31 December 2023 20,025 20,025 47.144 Page 4
Docusign Envelope ID". 85B03EE2-1DEB4FOO-8549-B6B7E13B4598 W H KING ALMSHOUSES TRUST STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2023 2023 2022 Note Non Monetary assets Investment assets- valuation 254.916 240,304 Monetary assets Cash al bank Liabilities rbow due for payment 20,025 19601 47,144 19301 19.065 46,214 These accounts were approved by the Trustees on . October 25, 2024 J Ibison P Ronson Page 5
Docusign Envelope ID". 85B03EE2-1DEB4FOO-8549-B6B7E13B4598 W H KING ALMSHOUSES TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies al Basis of preparation The accounts have been presented on a ReIpts 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. bl Non monetary assets have been included at their current value. Rental income No of weeks 2023 2022 Wegkly rate 2023 2022 No31 No33 No35 No37 No39 No41 No43 90 90 120 90 120 90 90 4,680 4,680 6,240 4,680 6,240 4,680 4,680 4,560 4,550 6,045 4,550 6,045 4,470 4,150 52 52 52 52 52 51 47 52 52 52 52 52 53 52 35,880 34,370 Investment Assets These are held with M & G Investments unil trusts and the market value al the year end is as follows.. 2023 2022 NAACIF Accumulation Fund NAACIF Income Fund 247,993 6,923 233,497 6,807 254,916 240,304 Page 6