2022-12-31-accounts

REGISTERED CHARITY NUMBER: 209758

THE CHARITY OF CHARLES COLLISON TRUSTEES REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022

THE CHARITY OF CHARLES COLLISON

INDEX TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2022

CONTENTS

Page

1

2-4 5

6 7

8-11

Legal and Administrative Information

Report of the Trustees

Independent Examiner's Report

Statement of Financial Activities

Balance Sheet

Notes to the Accounts

	THE CHARITY OFCHARLES COLLISON
	LEGALAND ADMINISTRATIVE INFORMATION
	FORTHEYEAR ENDED 31STDECEMBER 2022
Charity name:	The Charity ofCharles Collison
Charity registration number:	209758
Charity address:	ShilcockHouse
	99 Bancroft
	Hitchin
	SGS INQ
Trustees:	Rev.Nick Smith (Resigned 22-May-23)
	Rev. Maxine Howarth (Appointed 22-May-23)
	Rev. Virginia Dear
	Councillor Ian Albert
Clerk to the trustees:	M. W. Seaman-Hill
	(Provided byJohn Shilcock Ltd)
Independent examiner:	Philip Dean FCA
	Hicks and Company
	Chartered Accountants
	First Floor, 99 Bancroft
	Hitchin
	SGS INQ
Bankers:	Barclays BankPLC
	5/6 High Street
	Hitchin
	SG5IBJ

Page |

THE CHARITY OF CHARLES COLLISON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022

The trustees present their annual report with the financial statements of the charity for the year ended 31st December 2022. 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 (FRS102) (effective Ist January 2019).

Objectives and Activities

Objectives and aims

The objectives of the charity are to provide houses of rest for deserving natives or residents of the Parishes of Hitchin and St Ippolyts, that may not find accommodation and security in the local community to suit their particular requirements and needs.

Significant activities

The charity's objectives are achieved by collecting an occupational charge from the residents who occupy the houses of rest under the control of the trustees. Such charges are utilised in maintaining, repairing and refurbishing the houses as necessary and the paying for the support costs for the functioning of the charity.

Public benefit The trustees have paid due regard to the Charity Commissions Public Benefit Guidance and compiled with section 17(5) of the Charities Act 2011 in exercising their powers and duties, and have sought to demonstrate that the charity continues to provide benefits to suitable persons who relate directly to its objectives. The benefits are publicly available to all who qualify. All applications are subject to due process and consideration without discrimination.

Achievements and Performance

Charitable activities The properties controlled by the trustees continue to be maintained, repaired and refurbished in order that the existing and new residents are properly catered for.

The trustees have continued to make available the houses of rest under their control. The constant demand has reflected the need for such a charity that provides a valuable support service in the local community. The trustees continue a programme of repairs, maintenance and refurbishment so that occupancy is constantly at a high level.

Financial Review

Financial position

The financial results for the year as shown on pages 6 and 7 reflect the occupational charges collected from residents, investment income received in the year, the costs incurred in collecting the income and maintaining the properties, the support costs and the financial state of affairs of the charity at 31st December 2022.

Principle sources of income

The major sources of income are occupational charges from residents and investment income from investments made of surplus funds under the control of the trustees, Occupational charges from residents were £2,676 higher than the previous year at £33,725 (2021: £31,049). Dividend income increased by £90 as compared to the previous year to £2,347 (2021: £2,257).

Principle items of expenditure

The trustees continue to monitor and control costs that are incurred after due consideration. The main item of expenditure continued to be the repair and maintenance of the properties and gardens under the control of the trustees. Overall the cost of repairs and maintenance decreased by £26,086 to £9,967 (2021: £36,053). While the cost of gardening increased by £162 to £2,718 (2021: £2,556). Overall in the year there was net income before losses on the revaluation of investments of £10,384 (2021: net expenditure £14,745).

Page 2

THE CHARITY OF CHARLES COLLISON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022

Investment policy

Consideration is given to the requirement to incur costs as required to maintain the properties, therefore having considered the options available the trustees have decided to retain an amount of funds with John Shilcock Ltd, in a clients account, as a repair fund and to retain excess funds in recognised charity investment funds that are fairly easily accessible.

Reserves policy

The policies adopted by the trustees are such that invested monies are carefully managed with a low risk. The trustees consider that the present level of occupational charges from residents and investment income together with reserves is sufficient to ensure the present charitable activities can be maintained and are sufficient to meet the objectives of the charity.

Risk management

The trustees continue to assess and monitor the major risks to which they consider the charity is exposed particularly in relation to insurance, operations and finance.

Structure, Governance and Management

Governing document

The charity was constituted by the will of Charles Collison dated 13th October 1947 and is regulated by an Order of the Charity Commissioners for England and Wales dated 27th November 1996 (charity number 209758). The charity's operational address is Shilcock House, 99 Bancroft, Hitchin, Herts, SGS INQ.

Organisational structure

The charity has a board of three trustees made up as:

• The incumbent of the benefice of Hitchin

• The incumbent of the benefice of St Ippolyts

• ¢ A nominee of North Hertfordshire District Council

The trustees meet 2 or 3 times per annum and are responsible for the objectives and activities of the charity. All the trustees contribute to the management of the charity.

The trustees are supported by a clerk, provided by John Shilcock Ltd, professional property advisers, who is responsible for:

• The collection of occupational charges from residents, monitoring and reporting on the maintenance and repairs required in respect of the properties controlled by the trustees.

• Ensuring that all directives of the trustees are appropriately implemented.

• A policy of regular meetings means that all aspects of administering the charity are fully reviewed and monitored.

Recruitment and appointment of trustees

The trustees can only be the incumbent of the benefice of Hitchin, the incumbent of the benefice of St Ippolyts and a nominee of North Hertfordshire District Council.

Trustees induction and training

All trustees are familiar with the work of the charity and are involved in the activities. All trustees are issued with a copy of the Charity Commissioners booklet “The Essential Trustee" and a copy of the latest accounts to enhance their understanding of their statutory responsibilities.

Plans for future periods

The houses are of an age that repairs and maintenance are constantly required to comply with residents needs and relevant legislation.

Reserves are required for:

• Unexpected repairs and maintenance that could be necessary at any time.

• • Changes in internal refurbishments as necessary, within reason to accommodate specific or specialist needs of residents.

Page 3

THE CHARITY OF CHARLES COLLISON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022

Plans for future periods continued

The trustees have no specific plans other than to continue the management of the properties and administer charitable resources as appropriate especially to ensure the properties are repaired, maintained and refurbished to a satisfactory standard for existing and new residents.

Trustees

The trustees who served during the year were:

Rev. Nick Smith (Resigned 22-May-23)

Rev. Maxine Howarth (Appointed 22-May-23)

Rev. Virginia Dear

Councillor an Albert

Statement of Trustees Responsibilities

The trustees are responsible for preparing the Report of the Trustees and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and applications are resources, including the income and expenditure, of the charity for that period.

In preparing these accounts, the trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charity SORP;

• make judgements and estimates that are reasonable and prudent;

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements 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.

The report was approved by order of the Board of Trustees on 31 October 2023 and signed on its behalf by:

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MMA
Rev. Virgitiia Dear
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Trustee

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THE CHARITY OF CHARLES COLLISON INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE CHARITY OF CHARLES COLLISON FOR THE YEAR ENDED 31ST DECEMBER 2022

Independent examiner's report to the trustees of The Charity of Charles Collison

I report to the trustees on my examination of the financial statements of The Charity of Charles Collison for the year ended 31 December 2022, which are set out on Pages6 to 11.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).

Having satisfied myself that the financial statements of the charity are not required to be audited and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the 2011 Act. In carrying out my examination I have followed the applicable directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

T 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 2011 Act; or 2. the financial statements do not accord with those records; or

2. the financial statements do not comply with the accounting requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements givea ‘true and fair view’ which is not a matter considered as part of an independent examination: or

3. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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 financial statements to be reached.

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Philip Dean FCA’ Hicks and Coifipany Chartered Accountant First Floor, 99 Bancroft Hitchin

SG5 INQ

Date: 3} October 2023

Page 5

THE CHARITY OF CHARLES COLLISON STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an Income and Expenditure Account) FOR THE YEAR ENDED 31ST DECEMBER 2022

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||||||||| |---|---|---|---|---|---|---|---| |Unrestricted|Funds| |Cyclical| |General|Maintenance|2022|2021| |Note|Fund|Fund|Total|Total| |£|£|£|£| |Income| |Income|from|charitable|activities:| |Occupational|charge from|residents|33,725|-|33,725|31,049| |Investment|income:| |Dividend|income|2,347|-|2,347|2,257| |Interest|received|31|-|31|3| |Total|income|36,103|-|36,103|33,309| |Expenditure|4| |Cost|of|raising|funds:| |Costs|of collecting|residents|contributions|4,056|-|4,056|3,624| |Expenditure|on|charitable|activities:| |Provision|of almshouses|1,272|20,391|21,663|44,430| |Total|expenditure|5,328|20,391|25,719|48,054| |Net|income/(expenditure)|before|investment|30,775|(20,391)|10,384|(14,745)| |gains/(losses)| |Net|gains/(losses) on|investments|(6,985)|-|(6,985)|8,661| |Net|income/(expenditure)|before|transfers|23,790|(20,391)|3,399|(6,084)| |Transfers|between|funds|(29,789)|29,789|-|-| |Net|movement|in funds|(5,999)|9,398|3,399|(6,084)| |Reconciliation|of funds:| |Total|funds brought forward|533,907|27,052|560,959|567,043| |Total|funds carried forward|11/12|527,908|36,450|564,358|560,959|

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The notes on pages 8 to 11 form part of these accounts.

All of the above results are derived from continuing activities. There are no other recognised gains or losses other than those stated above.

Page 6

THE CHARITY OF CHARLES COLLISON BALANCE SHEET AS AT 31ST DECEMBER 2022

		Unrestricted	Restricted
	Note	Funds	Funds	2022	2021
		£	£	£	£
Fixed assets
Tangible assets	7	338,733	-	338,733	338,733
Investments	8	70,874	-	70,874	77,859
Total fixed assets		409,607	-	409,607	416,592
Current assets
Debtors	9	38,694	-	38,694	28,833
Cash atbank		118,325	-	118,325	117,532
Total current assets		157,019	-	157,019	146,365
Current liabilities
Creditors:
Amounts falling due within one year	10	(2,268)	-	(2,268)	(1,998)
Netcurrent assets		154,751	-	154,751	144,367
Net assets		564,358	-	564,358	560,959
The funds ofthe charity:
Unrestrictedfunds	11/12	564,358	-	564,358	560,959

The notes on pages 8 to 11 form part of these accounts.

The accounts were approved by the Board of Trustees on 31 October 2023 and were signed on its behalf by:

Rev. heinia Dear Trustee

Page 7

1. Qbjective

THE CHARITY OF CHARLES COLLISON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022

To provide houses of rest for deserving natives or residents of the Parishes of Hitchin or St Ippolyts.

1. Status and Basis of Accounting

Status

The charity being a registered charity is not liable for taxation on any of its investment income, nor any other gains derived from carrying out its charitable activities.

Basis of accounting

The Financial Statements of the charity, which is a public benefit entity under FRS102, 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 Ist 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 modified to include properties and investments at valuation.

1. Accounting Policies

Income

• Occupational charges represents contributions from residents or social services on behalf of residents of the properties

• under the control of the trustees and is included on an entitlement basis.

• ¢ Income from investments is included in the year when it is receivable.

• Investment gains or losses are recognised as a result of the disposing and revaluing of investments.

Expenditure

• All expenditure is included on an accruals basis and is recognised where there is a legal or constructive obligation to pay for expenses. All costs have been directly attributed to the functional categories of resources expended.

• Costs of raising funds comprise the costs of collecting occupational charges and investment management costs.

• ¢ Charitable activities expenditure comprise those costs incurred in the delivery of its activities and services for its beneficiaries together with support costs associated with meeting the constitutional and statutory requirements of the charity.

Tangible fixed assets and depreciation

Freehold properties are included at a historical valuation. The trustees obtained a valuation survey for insurance purposes dated 22 July 2020, which confirmed that the current value is in excess of the historical valuation. No depreciation is charged as based on the valuation the trustees believe that the residual value of the freehold property is in excess of the carrying value in the accounts.

Fixed assets investments

Investments are included at market values.

Fund accounting

All funds held by the charity are considered unrestricted funds and are available to be used in accordance with the charitable objectives of each fund at the discretion of the trustees.

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THE CHARITY OF CHARLES COLLISON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022

4. Analysis of Expenditure of Expenditure Expenditure

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||||||| |---|---|---|---|---|---| |Analysis of Expenditure of Expenditure Expenditure|2022|2021| |£|£| |Costs|of|raising|funds:| |Cost of collecting|occupational|charges|4,056|3,624| |Expenditure on charitable|activities:| |Repairs|and|maintenance|9,967|36.053| |Water rates|1,544|1,000| |Light|and|heat|100|304| |Insurance|2,592|2,447| |Garden|expenses|2,718|2,556| |Refuse|41|40| |Subscriptions|187|107| |Council|tax|393|220| |Sundry|expenses|-|90| |Legal|and|professional|fees|2,849|455| |Independent|examiner's|fees|1,272|1,158| |21,663|44,430| |Total|expenditure|25,719|48,054|

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1. Trustees' Remuneration and Benefits

There was no trustees’ remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.

6. Comparatives for the Statement of Financial Activities

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||||||||| |---|---|---|---|---|---|---|---| |Comparatives|for|the|Statement|of Financial|Activities|Unrestricted|funds| |Cyclical| |General|Maintenance|2021| |Fund|Fund|Total| |£|£|£| |Income| |Income|from|charitable|activities:| |Occupational|charge|from|residents|31,049|-|31,049| |Investment|income:| |Dividend|income|2,257|-|2,257| |Interest|received|3|-|3| |Total|income|33,309|-|33,309| |Expenditure| |Cost of raising|funds:| |Costs|of collecting|residents|contributions|3,624|-|3,624| |Expenditure|on|charitable|activities:| |Provision|of almshouses|1,158|43,272|44,430| |Total|expenditure|4,782|43,272|48,054| |Net|income/(expenditure)|before|investment gains|28,527|(43,272)|(14,745)| |Net|gains on investments|8,661|-|8,661|

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Page 9

THE CHARITY OF CHARLES COLLISON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022

6. Comparatives for the Statement of Financial Activities - continued

6.	Comparatives forfor the Statement of FinancialFinancial Activities	- continuedcontinued
				Unrestricted funds
					Cyclical
				General	Maintenance	2021
				Fund	Fund	Total
				£	£	£
	Net income/(expenditure) before transfers			37,188	(43,272)	(6,084)
	Transfers between funds			(8,406)	8,406	-
	Net movement in funds			28,782	(34,866)	(6,084)
	Reconciliation offunds
	Total funds broughtforward			505,125	61,918	567,043
	Total funds carried forward			533,907	27,052	560,959
7.	TangibleFixed Assets					Total
						£
	FreeholdProperties
	Historic valuation:
	At Ist January2022 and 31stDecember 2022					338,733
8.	FixedAssetInvestments	CAIF		COIFCharity	2022	2021
		Investment		Fund	Total	Total
		£		£	£	£
	Market Value
	At IstJanuary	24,304		53,555	77,859	69,198
	Increase in value	(757)		(6,228)	(6,985)	8,661
	At 31stDecember	23,547		47,327	70,874	77,859
9.	Debtors				2022	2021
					£	£
	John Shilcock Ltd - cyclical maintenance fund				36,450	27,052
	Occupational charges in arrears				500	381
	Prepaidexpenses				1,744	1,400
					38,694	28,833
10.	Creditors: Amounts Falling Due WithinOneYear				2022	2021
					£	£
	Occupational charges received inadvance				276	84
	Othercreditors -repairs and maintenance				439	402
	Other creditors - HRJ Foreman Laws				180	180
	Accrual for rent collection fees				101	174
	Accrual foraccountancyfees				1,272	1,158
	.		:		2,268	1,998

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THE CHARITY OF CHARLES COLLISON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022

11. Funds

General fund:

To receive occupational charges from residents and investment income. To provide funds for the collection of rents and the support costs of the charity. To provide funds to the Cyclical Maintenance fund as necessary.

Cyclical Maintenance fund:

To manage the properties.

To ensure the properties are fully insured, maintained and looked after.

The balance in the fund represents the funds under the control of John Shilcock Ltd.

	Balances			Transfer		Balances
	IstJanuary			between	Investment	31st December
	2022	Incoming	Outgoing	funds	gains	2022
	£	£	£	£	£	£
Unrestricted funds:
General	533,907	36,103	(5,328)	(29,789)	(6,985)	527,908
Cyclical Maintenance	27,052	-	(20,391)	29,789	-	36,450
	560,959	36,103	(25,719)	-	(6,985)	564,358
	Balances			Transfer		Balances
	Ist January			between	Investment	31st December
	2021	Incoming	Outgoing	funds	gains	2021
	£	£	£	£	£	£
Unrestricted funds:
General	505,125	33,309	(4,782)	(8,406)	8,661	533,907
Cyclical Maintenance	61,918	-	(43,272)	8,406	-	27,052
	567,043	33,309	(48,054)	-	8,661	560,959
Analysis ofAssets and	Liabilities toFunds
						Net assets
	Fixed assets: Properties Investment		Bank	Current assets	Current liabilities	31stDecember 2022
	£	£	£	£	£	£
Unrestricted funds:
General Designated fund:	338,733	70,874	118,325	2,244	(2,268)	527,908
CyclicalMaintenance	-	-	-	36,450	-	36,450
	338,733	70,874	118,325	38,694	(2,268)	564,358
						Net assets
	Fixed assets: Properties Investment		Bank	Current assets	Current liabilities	31stDecember 2021
	£	£	£	£	£	£
Unrestricted funds:
General Designated fund:	338,733	77,859	117,532	1,781	(1,998)	533,907
CyclicalMaintenance	-	-	-	27,052	-	27,052
	338,733	77,859	117,532	28,833	(1,998)	560,959

12. Analysis of Assets and Liabilities to Funds

Page 11