Docusign Envelope ID: E4712D09-1D49-4089-8C41-2417A3B61CB5
REGISTERED CHARITY NUMBER:
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2024
for
W H King Almshouses Trust
CCW Limited Chartered Accountants 295/297 Church Street Blackpool Lancashire FY1 3PJ
Docusign Envelope ID: E4712D09-1D49-4089-8C41-2417A3B61CB5
W H King Almshouses Trust
Contents of the Financial Statements for the Year Ended 31 December 2024
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 to 10 |
| Detailed Statement of Financial Activities | 11 |
Docusign Envelope ID: E4712D09-1D49-4089-8C41-2417A3B61CB5
W H King Almshouses Trust
Report of the Trustees
for the Year Ended 31 December 2024
The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and Aims
Almshouses for aged or infirm persons who are unable to maintain themselves by their own exertions.
The charity, according to its governing document, operates in the Garstang and District area.
Public benefit
In the year the Trustees have had due regard to guidance published by the Charity Commission on public benefit.
ACHIEVEMENTS AND PERFORMANCE Charitable activities
During the year, the trustees have continued to work towards achieving the organisations objectives as set out above.
FINANCIAL REVIEW
Reserves policy
The trustees maintain its policy of maintaining sufficient reserves to meet operating costs for a year in advance, allowing property improvement 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 approval of the accounts.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The Charity is controlled by its governing document being a Chancery Scheme of 25th July 1923 and Charity Commission Scheme of 3rd March 1953.
It is registered with the Charity Commission (Number 208795) in accordance with the Charities Act 2011.
Recruitment and appointment of new trustees
Trustees are appointed by the Board of Trustees and must put themselves forward for re-appointment at the Annual General Meeting.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
Principal address
41 Bonds Lane Garstang Lancashire PR3 1ZB
Page 1
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W H King Almshouses Trust
Report of the Trustees for the Year Ended 31 December 2024
Trustees
J Ibison P J Ronson S J Noble D Wright N Howell (appointed 1.8.24) M J G Halford (appointed 1.8.24)
Independent Examiner
Miles Ward FCCA Owls Dene Rawcliffe Road St Michael’s on Wyre Preston Lancashire PR3 0UE 11-Oct-25 Approved by order of the board of trustees on ............................................. and signed on its behalf by:
...................................................................... J Ibison - Trustee
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Independent Examiner's Report to the Trustees of W H King Almshouses Trust
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 W H King Almshouses Trust (the Trust) for the year ended 31 December 2024.
Responsibilities and basis of report
As the charity trustees of the Trust 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 Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all 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 Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
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.
Miles Ward FCCA
The Association of Chartered Certified Accountants
Owls Dene Rawcliffe Road St Michael’s on Wyre Preston Lancashire PR3 0UE
11-Oct-25 Date: .............................................
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W H King Almshouses Trust
Statement of Financial Activities for the Year Ended 31 December 2024
| 31.12.24 | 31.12.23 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Investment income | 2 | 47,439 | 45,946 |
| EXPENDITURE ON | |||
| Charitable activities | |||
| Charitable activities | 22,896 | 63,599 | |
| Net gains on investments | 9,936 | 5,147 | |
| NET INCOME/(EXPENDITURE) | 34,479 | (12,506) | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 273,982 | 286,518 | |
| TOTAL FUNDS CARRIED FORWARD | 308,461 | 274,012 |
The notes form part of these financial statements
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W H King Almshouses Trust
Balance Sheet
| 31 December 2024 31.12.24 Unrestricted fund Notes £ CURRENT ASSETS Investments 6 275,037 Cash at bank 33,424 308,461 CREDITORS Amounts falling due within one year 7 - NET CURRENT ASSETS 308,461 TOTAL ASSETS LESS CURRENT LIABILITIES 308,461 NET ASSETS 308,461 FUNDS 8 Unrestricted funds 308,461 TOTAL FUNDS 308,461 |
31.12.23 Total funds £ 254,916 20,026 274,942 (960) 273,982 273,982 273,982 273,982 273,982 |
|---|---|
11-Oct-25
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. P J Ronson - Trustee
............................................. J Ibison - Trustee
The notes form part of these financial statements
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W H King Almshouses Trust
Notes to the Financial Statements for the Year Ended 31 December 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31.12.24 | 31.12.23 | |
| £ | £ | |
| Rents received | 36,570 | 35,880 |
| Investment income | 10,497 | 9,759 |
| Deposit account interest | 372 | 307 |
| 47,439 | 45,946 |
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continued...
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W H King Almshouses Trust
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.
4. STAFF COSTS
The average monthly number of employees during the year was as follows:
5.
| 31.12.24 | 31.12.23 | |
|---|---|---|
| Trustees | 6 | 4 |
| No employees received emoluments in excess of £60,000. | ||
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||
| Unrestricted | ||
| fund | ||
| £ | ||
| INCOME AND ENDOWMENTS FROM | ||
| Investment income | 45,946 | |
| EXPENDITURE ON | ||
| Charitable activities | ||
| Charitable activities | 63,599 | |
| Net gains on investments | 5,147 | |
| NET INCOME/(EXPENDITURE) | (12,506) | |
| RECONCILIATION OF FUNDS | ||
| Total funds brought forward | 286,518 | |
| TOTAL FUNDS CARRIED FORWARD | 274,012 |
continued...
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W H King Almshouses Trust
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
| 6. CURRENT ASSET INVESTMENTS Listed investments 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accrued expenses 8. MOVEMENT IN FUNDS At 1.1.24 £ Unrestricted funds General fund 273,982 TOTAL FUNDS 273,982 Net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 47,439 (22,896) TOTAL FUNDS 47,439 (22,896) Comparatives for movement in funds |
31.12.24 £ 275,037 31.12.24 £ - Net movement in funds £ 34,479 34,479 Gains and losses £ 9,936 9,936 |
||
|---|---|---|---|
| Unrestricted funds General fund TOTAL FUNDS |
At 1.1.23 £ 286,518 286,518 |
Net movement in funds £ (12,536) (12,536) |
At 31.12.23 £ 273,982 273,982 |
|---|---|---|---|
continued...
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Docusign Envelope ID: E4712D09-1D49-4089-8C41-2417A3B61CB5
W H King Almshouses Trust
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
8. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 45,946 | (63,629) | 5,147 | (12,536) |
| TOTAL FUNDS | 45,946 | (63,629) | 5,147 | (12,536) |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.1.23 £ 286,518 286,518 |
Net movement in funds £ 21,943 21,943 |
At 31.12.24 £ 308,461 308,461 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 93,385 | (86,525) | 15,083 | 21,943 |
| TOTAL FUNDS | 93,385 | (86,525) | 15,083 | 21,943 |
continued...
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Docusign Envelope ID: E4712D09-1D49-4089-8C41-2417A3B61CB5
W H King Almshouses Trust
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024.
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Docusign Envelope ID: E4712D09-1D49-4089-8C41-2417A3B61CB5
W H King Almshouses Trust
| INCOME AND ENDOWMENTS Investment income Rents received Investment income Deposit account interest Total incoming resources EXPENDITURE Charitable activities Water charges Insurance Electricity Sundries Repairs, renewals and maintenance Support costs Governance costs Accountancy Total resources expended Net income/(expenditure) |
Detailed Statement of Financial Activities for the Year Ended 31 December 2024 31.12.24 31.12.23 £ £ 36,570 35,880 10,497 9,759 372 307 47,439 45,946 47,439 45,946 1,524 1,378 1,191 - 14,639 15,727 361 351 5,169 45,189 22,884 62,645 12 954 22,896 63,599 24,543 (17,653) |
|---|---|
This page does not form part of the statutory financial statements
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