Tiif, CHARITY OF THOMAS LATHBfi.RYF (regislcrcd eliarity numbei- 209339) its linked cliarity THE CHARITY or RICIIARD RAYNSHAW (registered eharity number 209339-1) ACCOUNTS FOR THE YEAR ENDED 31ST DECEMJIEI R 2023 Hentvns Stag Housc Old London Road Herlford SG13 7LA
THE CHARITY OF THOIVIAS LATHBLI Iiyr. (registerLd ch#rity niimbei. 209339) and its linlicd cliarity THII CHARITY or RICHAIID RAYNSHAW {re£istered eharity numbcr 209339-1) Index Pages Trustees Report Independent Examiner's Report Receipts and Payments Account Statement of Assets and Liabilities Notes to the Financial Statements
THE CHAIUTY OF THC)MAS LATHBfi.RYE (i'egi5tered charity niimber 209339) aiid it5 linlied cliarity THE CI.IARI'rY ori RICHAIID RAYNSHAW (registered charity number 209339-1) REPOIIT OF THf TRUSTEI Ei s fioR THI YFAR ENDEI D 31 DECEMBER 2023 Trustees Mi. B F.Ilis (Chair of ti'ustees) Cllr G Hai'rison Clli. R Visi'aiii- appointed 4 July 2023 Clli. E R Hari'is Mr B W Gibbard Mr T Drabble Repi'esenlative - Disli'ict Council Repi'esentativc - Disli'icl Council Repi'esentative - Disti'ict Council Co-optaliv Co-optalive Co-optative Clei'k to the Charity Mi. M ichacl Roth Principal Office 48 Mai'lborough Buildings, Hatfield Road, St Albans, Hertfordshire, AL13R W The Trustees prescnt theii. annual i-epoit and financial statement5 of tlie Iwo liiiked chai-ities foi. the year ended 31 DCcelbeL. 2023. 1.he financial statements havc beeii prepared in accoi'dance with tlie accoiinting policies set out in note I to the accounts and comply with theii. govei'ning documents, the Charities Aci 201 I, and I'he Chai'ities (Accounts and Reports} Regulations 2008. Structure, Governanee and Management The two chai'ities al'e anci¢nl iiistiliitions. Each is presently constituted as an unincorporated trust. The Charity of Thomas Lathberye was founded by will in 1579. In 1579 Thomas Lathbury (also Lathbei'ye) by his will demised to the corpoi'ation two tenemenls-one situated in the mai'ket- place adjoining the Clock House, and the othei. in 'Dagenhall' Lane "to hold the saine to the proper use and belioof of the poor people of the town of St. Albans Lathberye's owns a listed commercial building at l Market Place in St Albans. The Chai'ity of Richard Raynsh.aw was founded by will in 1569. In 1569 Richard Raynshaw by his will Icft Iliree cottages in Spicer Sts'eet upon trust that the mayor and burgcsses should keep the same in rcpair and should nominate such honest poor persons as should seem most in need of Charity to inhabit any of the said thi'ee tenements foi'evei., i'cnt-fi'ee. Rayiishaw's owns alinshouse accoinmodalion in Spicer Street and Lower Dagnall Stiyet in St Albans. Both charities presently opei'ate under the Scheme of the Charity Commissionei's dated 28, June 1918 as amcnded by the Chai'ity Coinmissioners, 8chemes of13, July 1934, 29 Noveinber 1960 and 6 October 1978 {logcther'ihe ScheiT)es').
THE CHARITY OF THOMAS LATHBEI IlY[ (registered chai'ity number 209339) an(1 its liiikcd ch#rity THF CHARITY OF RICIIARD RAYNSHAW (regi5tei'ed Charity i)uinbei' 209339-1) REPOIIT ofi THE TRUSTEI Ei S FOR THf. Y[1 AR EI NDEI D 31 CEMBEI R 2023 (eontinucd) STRUCTURE, GOVEI RNANCE AND MANAGfi.MENT- eontinued The Schemes pi'ovide for up to four repi'eseiilative trustees and up to five co-optative trustees. Three representative Ii'ustees are appointed by the members of the St Albans City and District Coiincil, and one i'epresentative trustee is appointed by the Justices of tl)e Central Hci'tfoi'dsliire Magisli'ale Courts. All reprcscntative li'ustees arc appointed for a tci'm of four years. The co- optativc ti-uslees are appointed for a term of five yeai's by a resolution passed at a special meeting of Ihe trustees. Co-optative ti'ustees need to be "persons irsiding or carrying on business in or near thc Ancient Boroiigh of St Albans" OBJECTIVEI S AND ACTIVITIEI S The two charities al'e linked with complementary chai'itable objects. Under the temis of the Schemes, Lathbci'ye's ¢hai'itablc object is to apply one half of its income for the benefit of the almspeople, and the other half for the general IKnefit of thc poor of the Ancient Borough of St Albans. Raynshaw'5 charitable object is Ilie pi'ovision of almshouses for pci'sons of good character who residcd iii the Ancient Borough of St Albans for not less than two years. An appi'opriate portion of the income fi'om Lathbei'ye's is duly applied in support of Raynshaw's chai'ilable purposes and activities. This results in the Rayn5haw's being ablc to provide and maintain the eight single bedroom properties that are allocated to St Albans i'esidents who satisfy the i'equii'emeiits of the Schemes. Almshouse resident5 are not chai'ged i'ciit, and accoinmodation is provided frce. although r¢sidcnts' make a contributioii towards maintenance costs. ACHIEVEMENTS AND PERFORiVIANCE During the yeai. we continued to provide subsidised accommodation foi. eiglit single people of limited means iii centi?1 St Albans, an area of high housing cost. Work continued to prepare the charitites foi- incoi'poration as a Charitable Encorporated Organisatioii.
THE CHARITY OF THOMAS LATHYIERYE (registered charity number 209339) nd it5 linkeil charity THE CHARITY of4 RICHAIID IiAYNSHAW (registered chai'ity niimbcr 209339-1) REI PORT OF THE TRUSTEES FOR T14E YEI AR EI NDED 31 DECEI MBER 2023 (coiitiniied) FINANCIAL REVIE( W During the year the chai'ity and its linked charity i-eccived interest, investment income, almspeople conu'ibutions and I'ental incomc on its commei'cial property. The charity achieved net irceipts of £59,979 (2022.. £64,993). PUBLIC BLI NEFIT The Trustee5 have i'eviewed the Charity Commissions guidance on the i'equirement to i'eport public benefit. The Trustees al'e satisfied that the work of thc charity accoi'ds with its stated objects and provides tangible public benefit to a wide section of those who reside within the cliarily's ai'ea of benefit. Tlie ci-itei'ia used to assess those who may benefit is not considci'ed to bc unitasonably i'estrictive. RESERVES POLICY The Trustees seek to build sustainable unreslricted reserves to a level sufficient to pi'ovide rinancial stability. mcet exceptional expenditure and to assist with the futiirc development of the chai'ily. As pait of achieving this policy the Trustees have the following designated funds available.. Cyclical Maintenance Fund The Ti-ustces eslablishcd and maintain a i'eserve fund foi. the pui'pose of piDviding for those items of ordinary IT]aintenance and repair of the almshouses which i'ecur at frequent inteivals. Tlie fund whose main asset is a National Savings Investment accoun¢ had a balance of £41,171 at the end of 2023. I xti'aordinxry Repair Fund The Trustees established and Inainl8in a i'eseive nd foi. the purpose of providing foi. the extraordinary I'epaii's, improvelent oi. rebuilding of the almshouses run by the Charities. The fund whosc assets are invested with the Charities Official Investment Fund had a balance of £406,790 at the end of 2023.
THE CHARITY OF THOMAS LA THBERYE (registered charity number 209339) and its linked eharity THE CHARITY OF EUCHARD RAYNSHAW (registered charity number 209339-1) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 (continued) TRUSTEES RESPONSIBILITIES The Truste are required to prepare financial statements for eaoh finan¢ial yeAr which give a ttwe and fair view of the stste of affairs of each Charity and of the results for the year. In preparing those financial statements, the Trusl¢es are required to: select suitable accounting policies and then apply them consistently. make judgcments and eslimales that are reasonable and prudent. prepare the financial statements on the going ¢oncern basis unless it is inappropriate to assume that the Charities continue in operation. The trustees are responsible for: keeping proper accounting records which disclose with reasonable Mccuracy at any tim¢ the financial position of ¢ach Charity and which enable them lo ensure that the financial slatem¢nls comply with the relevant provisions of the Charities Act 2011, the Charity (Accounts and Report5) Regulalioris 2008, and the provisions of the schemes, Safeguarding the assets of each Charity and hence for taking reasonable steps for the prevertlion and detection of fraud and other irregularities. Approved by the trustees and signed on their behalf by: Mr B Ellis, Chair of the trustees Date: 2314 Oler loLLtr
THE CHARrry OF THOMAS LATHBERYL {registcrcd cliarity number 209339) nd its linktd ehg1.ity THE CHARITY OF RICIIAIID RAYNSHAW (registered Lharity nuniber 209339-1) Independent fi xaTniner'5 Report to tljc Trustees of tlie Charities of Thomas Latliberyc And Ilichard Raynshaw I Irport to tli¢ trustees on Jny examiiiation of the accouiils of the Charities of Thoma8 Lathbci'ye and Ri¢hard Raynshaw for the year elided 31 Deceinber 2023 wliicli COmPTise thc siimmary of re¢eipts and paynients and the statement of assets and liabilitie5. Tliis i'eport is made solely to tlie cliarity's trustees. As a body, in accoiyJan¢e witli sectioji 145 of tlie Cliai'ities Act 2011. My work has beell iilldeilaken so tlial I iiiiglit state to ilie cliarity's tl'llStees those iiiatteis l aiii Itqiiii'ed to state to them in this L-eport atid for iio other puiyose. To the fiill¢st extcnt pci'mitted by law, I do not accept or assume i'espotisibility to aiiyurte otlier Ihaii tlie cl)ai'ity and tlie cliarity's trustees as a body. for Imy work, for this repoil. oi. for the opitiiojis I have ftsrmed. Re5poiJsibiliti¢s bAsi5 of report As the trustees of the ¢harity you are responsible for the preparation of the accounts in accordance with the IEquiI'emeJits of Il)e Cliaiities Act 2011 {'tlJe Act,). I report it) IE8P¢Ct of Zhy examiiiation of tlie ¢hai'ity's accout)ts carried out under section 145 of tlie Act and in carrying out my examination I have followed all the applicable Direction5 given by the ChaTjty Commission under section 145151(bl of the Act. An independcnt exatt]ination does not involve gaihering all the eviden¢e that would be required in an audit and con5¢quently does not cover all the matters that an audilor considers in giving Ihcir opiiiion on the accounts. The planning and ¢onduct of an audit goes beyond the litnited assurancc that an independent examination Can provide. Coiisequently l express no audit opinion on the accounls and Tny report is litnited to those specific matters set out in tlie independent exaiiiii)er's statement. Independent exgminer's stat¢ment I have completed my examination. I confirm that no matei'ial matters have eome to Tny attention in connection with the examination Biying me cause to believE that in any matei'ial r¢spect'. accounting records were not kept in IE5p¢¢I of the charsty as required by Section 130 of the ACL or the accoiint5 do not accord with Iliose Tecords. I have no concern5 and have come acTOSS no other matter5 in connection with the exaTnirtatiotJ to which attention should be drawll in this report ill ordcr to enable a proper understanding of the accounts to be reached. R J Sears FCCA Hentons Stag House Old London Road Hertford, l.lei15 SG13 7LA DAt¢'. 2L¥ tr+okJer 2cJL
THE CHARITY OF THOIVJAS LA'I'HBEI RYE (registercil charity niiinber 209339) :Ind its liiilced charity TIIE CHAIIITY or RICHARD RAYNSHAW (i'cgistei'ed cliarity niimber 209339-1) Rfi CEIPTS AND PAYMENTS ACCOUNT FOR THL YEAR ENDED 31ST DCI CEMBER 2023 Cyclicxl M'tnce Genei'al CapÉtAI Fund Total 2023 Totil 2022 Note Fiind RECEIPTS Investineiit Income Iiiteir5t irceived Rcnl and Tn%urance received- Mai'ket Pla¢elLand at Lowei. Dagnall Slreet Conlributiojis by Altn5people'. Maintenartce Rcceipls from HMRC R¢fund of electri¢ity Output VAT on receipts 1.431 1,179 1.426 182 247 1,426 47,981 47,981 46,867 45,721 45,721 45,014 3,973 690 9.373 9,596 9,596 105,908 247 106,155 107,525 Bank transfgrs re¢eived Total Receipts 105.908 247 106.155 107,525 PAYMENTS Paymellts lll Telation lo Charitable activities.. Almshous¢5 Costs 8.033 F.stablishment costs: IlefuTbi8hment costs Insurance Clerks fees and expenses orrice i'ental Subscription 'ri'u5te¢s insiirance Triistees expenses VAT consultancy fee5 Ac¢ountancy fee Sundry expellse5 lllput VA'F on payiMenl$ AJnoLints paid to HMRC 10.046 18,079 25.977 885 2,057 3,698 1,448 187 612 2,245 2,040 ,354 196 612 2,245 2,040 1,354 196 612 600 3,375 329 1,883 15,463 600 3,375 329 1,883 15,463 525 3,050 528 3.565 36,130 10,046 46,176 42.532 Bank iransfers paid Total Payinents 36,130 10,046 46,176 42,532 Net R¢ceipts l {Paymetht$) foi. year Transfcrs between funds Banli Balatlces 4t 1.1.23 69.778 110.0461 295,184 110,046) 10,046 10,061 247 59,979 64.993 40,924 346,169 281,176 Bank Balaiices at 31.12.23 354,916 10,061 41.171 406,148 346,169 Tlie iioles oil pft¥e 8 lo Yforiiipart ofiliesefiiillliclul slft¢eJtrteJils
TIIE CHARITY OF THOMAS LATHBERYE (registered charity number 209339) aud Its linked ch4rity THE CHAIUTY OF RICHARD RAYNSHAW (regist¢red charity number 209339-1} sTATEmNT OF ASSETS AND LtABILITIES AS AT 31ST DEI CEMBER 2023 Nott 2023 2022 Monetary Assets Bank Balan¢¢s National Westminster - Current Accounts - Rent Deposits Account 226,536 167.981 15,823 15.634 242,359 183,615 153,590 152,410 10,201 10,144 Nationa5 Savings Nationwide - Investment Account 406.150 346.169 Other Monetary Assets other debtors 22,625 9,508 22,625 9,508 Non Monetary Assets Investments (at Market Value} Frtthold Land and Buildings.. (at Insurance value) 19 Lower Dagnell Street, St Albans l Market Place. St Albans 21. 214 23, 25, 25a Spicer Street. Sl AlbAns 406,790 362,848 318,651 318,651 1,287,089 1.287,089 751,905 751,905 2,764,435 2,720.493 Llabilllles- current (27,529) {32,308) £3,165,681 £3.043,862 Approve b half of the Trusfres.. Mr B Ellis- Chairman T.P.l<, Mr T Drabble Dale: 13, . QLlolJcr ZOIL¥ The noles pages 8 10 9formparl ollhesefinanclalslolements
THf. CHAIIITY or THOMAS LAI'HBfi RYE (registered charity niiinber 209339) and its linliLd clharity I'HE CHARI'I'Y OF RICHAIID RAYNSHAW {regiylercd cliarity number 209339-1) NOTEIS TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DEI CEMBF.R 2023 Accounting Polieies The Aocoui)ts have been prepared ii) accoi'daiicc with tl)e reqiiiiements of the Charities (Accounts aiid Ilepoils) Regulatioiis 2008 and Cliarities Act 2011. b) The Accounts liave been pi'epared on a Itceipts aiid payments basis. Investments al'e stated at mai'ket value as at the Balance Sheet date. d) Freehold land and buildings are incliided in tlic fsnancial stal¢ments at theii. curiEnt insiii'ance valiiation. All properties, except l mai.ket Place, al'e iised for direct chai'itable purposes. Iiicoine genei'aled by l Mai'ket Place is utilised for chai'itable purposes. Almshouses Costs Cy¢licxl M'tnce Fund Cencral Fund Utilities Fund Total 2023 Total 2022 Water ratcs Gas Electricity In8urance Coiincil tax Rcfurbishment & M8intenan¢e 6,703 861 5,274 3,911 861 5,274 3,911 1,330 1,027 5,823 2,429 1,330 1,887 13,670 6,703 8,033 10,046 18,079 25,977 Investments 2023 Mai'ket Value 2022 Market Value COIF Jnveslments £406,790 £362,848 Trustees expenses No r¢muneratioii was paid to the Trustee5 during the current and pre¢eding year. During the current year £Nil (2022.. £Nil) was paid to a Iriistee for icimbui'sed expenses. Freehold Land & Buildings As noted in l(d) above freehold land and buildings are included in tlie financial statements at theii. buildings reinstatcment value for iiisurance purposes of £2,357,645 (2022.. £2,357,645).
I'Hf, CHARITY or i'HOMAS LATHBfi RYE (registei-L(I charity iiumbcr 209339) aii(l its linkeil charity THL CIIARII'Y or RICHARD RAYNSHAW {I'egistered cliarity niiinber 209339-1) Tr40TES TO THE ACCOUNTS FOR'I'HE YEI Ali fi,NDEI D 31ST DECEMBER2023 Analysis of Other debtoi 2023 2022 Ainounls due froin lcnaiits 22,625 9,508 £22,625 £9,508 Analysis of Liabilites 2022 Rent deposits held VAT Acci'uals 15,600 1,810 10,119 15,600 8,836 7,872 £27,529 £32,308 Analysi5 of Funds Extraoi'diiiary Ilepair Fuiid.. Charities Official Invcstment Fund 1,430.03 Accumulalioii sliai'es al Inarket value (2022.. 1,430.03) 354,648 2,627.48 income shares al market value (2022.. 2,627.48) 52,142 2023 2022 315,161 47,687 £406,790 £362,848 Cyclical Maintenance Fund General Fiind Utilities Fund 41,171 350,014 10,061 40,924 272,384 10,061 £401,246 £323,369 Repiesented by: National Westminster- Current Account (Richaiyl Raynshaw) 111,364 Ciirrent Account (TIioTnas Lathbcrye) 115,172 Rei)t Deposits Accouiit 15,823 10,201 153 590 406,150 (27,529) 80,947 87,034 15,634 10,144 152410 346,169 (32,308) Nationwide Account National Saving5 Investineiit Account Liabilities- current Other debtoi's £401,246 £323,369 Capital Flind Propei'ties- Lower Dagnall Sti'eet, St Albans Mai'ket Place, St Albans Spicer Street, St Albans 318,651 1,287,089 751,905 318,651 1,287,089 751,905 £2,357,645 £2.357,645 Total Funds £3,165,681 £3,043,862