REGISTERED CHARrrY NUMBER: 213324 of the Trustees an naudited Finanaal Statements for the Year Ended 31 December Fine Guymer KirKJ Limited 4 Stone Street Court Stone Street Hadleigh Suffolk IP7 6HY
ontents of the Finan I State for the Year nded 31 Drnber 2021 Page Report of the Trustees 1 to 2 Independerrt Examinerfs Report Statement of Flnancial Actsvities Balano Sheet Notes to the Financial Statements 6 to 10 Detsiled Statement of Finanoal Activit 11
msh(xtses of th8 Trustees for the Year Ended 31 December 2021 The trustees present their report ryth the financial statements of the charty for the year ended 31 Dember 2021. The trustees have adopted the proiisions of Accounting and Reporting by Charities.. Statement of Recommended Practtce applicab 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 ACTivrriES Objectives and aims The objective of the chaiity is to wowde accommodation to poor persons of good character living in the parishes of Boxted, Glemsford. HartesL Hawkedon, Rede, Somerton and Stanstead. Slgnlficant actlvltles In the course of the year. the four almshouses have had heating installed, had their Quinquennial inspedion and the necessary to bring the prop8rtÈs up to SlfiCation have been undertaken. This was assisted by Grants from the Almshouses Assouats'on as 11 as a ten-year interest-free loan from them of £30,000. STRUCTURE. GOVERNANCE AND MANAGEMEKr Governlng docuMtt Finetta Hales Almshouses was founded by the 11[ of Ftnetta Sarah Hale and reconstrtuted by an order of the Chanty Commission dated 31 August 1995. REFERENCE AND ADMINISTRATIVE DEfAILS Rggistered Charlty number 213324 Prfncipal address 1 Eaton Cottage Somerton Bury St Edmunds Suffolk IP29 4NF Trustees Mrs T Farra (appointed 26.6.21) S Pott Chairman (appointed 26.6.21) M Brooks Indepondant Examln•r David Guymer King FCCA ATII Guymer King Limited 4 Stone Stre8t Court Stone Street Hadleigh Suffolk IP7 6HY Page 1
inetta ales Imsho rt of the Trustees for the Year Ended 31 r 2021 Approved by order of the board of trustees on ........... behalf by.. . and signed on its Mrs T Farr ce . Trustee Page 2
ndent Examinerfs inetta Hales Almshou rt to the Trustees of Independent examlnerfs report to the trust of Finetta Hales Almshouses I report to the charity trustees on my examination of the a¢Unts of Finetta Hales Almshouses {the Trust) for the year ended 31 Dec%nber 2021. Rasponslbllltles and basls ol report As the chanty trustees of the Trust you are responsible for the preparation of the accounts in axwlance wrth the requirements of the Charities Act 2011 Ilhe A¢r). I report in respect of my examination of the Trusvs accounts carried out under section 145 of the Act and in carrying out my examination I hwrfe followed applicable Directions given by Ihe Chanty commissi1 under section 145(5){b) of the Act. Independent examlnerfs statement I have completed my examination. I confimi that no Material matters have come to my attention in connection vAth the examinabon giving me cause to believe that in any material respect: accounting records were not kept in respect of thè Tntst as required by section 130 of the Act., or the accourrts do not accord wth those records.. or the accounts do not comply with the applicable requirements conmIng the form and corrtent of accounts set out in the Chanb'es (Accounts and Reports) Regulab'ons 2008 other than any requirement that the accounts give a true and fair view vthich is not a matter Considered as part of an indeFEndent examination. I have no COnrn5 and have come aLYOSS no other matters in )nneCtIOn with the examination to which attention shwld be drawn in this rewrt in order to enable a proper understanding of the a¢counts to be reached. David Guymer King FCCA ATII Guymer King Limrted 4 Stone Street Court Stone Street Hadleigh Suffolk IP7 6HY Page 3
Ha$ Almsho tateme ncial Activities for the Year Ended 31 Dmber 2021 31.12.21 31.12.20 Unr•stri¢t•d Total fund funds INCOME AND ENDOWMEKfs FROM Donations and kgaaes 15,720 Charitable actlvities Accommodation activtties 18,163 18,150 Other income 500 Total 34,383 18.150 EXPENDITURE ON Raising funds Charitabl8 activiti Accomm(hJation activtties 7,641 2.649 Other 712 120 Total 8,354 2,769 NET INCOME 26,029 15,381 RECONCILIATION OF FUNDS Totsl funds brought forward 119.395 104,014 TOTAL FUNDS CARRIED FORWARD 145,424 119,395 The notes form part of these financial statements Page 4
etta Hales shouses Balance he8t 31.12.21 31.12.20 Unrestrlctsd Total fund funds Nolos FIXED ASSETS Tangible assets 168,668 130,473 CURRENT ASSErs Cash at bank 12,456 14,690 CREDITORS Amounts falling due wrthin one year (8,700) (25,768) NET CURRENT ASSETS 3.756 (11,078) TOTAL ASSETS LESS CURRENT LIABILITIES 172,424 119,395 CREDITORS Amounts falling due after more than on8 year (27,000) NET ASSETS 145,424 119.395 FUNDS Unrestricted funds 145,424 119,395 TOTAL FUNDS 145,424 119,395 The fin nci .LQ. statements were approved by the Board of Trustees and authorised for issue on . and were signed on its behalf by.. T Farrance - Trustee The notes fom part of these financial statements Page 5
etta Ha16s Almshou Notes the Financtal Statements for the Year Ended 31 D ber 2021 ACCOUNTING POUCIES Basls ol pr•parfng the financlal statements The Charty prepare their accounts on a receipts and payments basis. Income Income is shown in the financial statements as it is ceNed. Expenditure Expenditure is Sh(y as and when it is incurred and not on an amals basis. Tangible fixed assets Depreciation ts provided at the following annual rates in order lo lte off each asset over its estimated useftjl life. Taxatlon The charty is exempt from tax on its charitable acbvrties. Fund accounting Unrestricted funds can be used in accordan with th8 charitable objectives at the discretion of the trustees. Restricted funds can only be used for partilar restrKted purFrf)ses within the obJ"8cts of the charity. Restrictions anse vhn Sfied by the donor or when funds are raised for particular restri(#ed purposes. Given the nature of the Charity ar rts requirement Io Fxovide housing, any grants or loans in relation to the provision of or irnprovement in the housing stock is regarded as part of the general unrestncted funds. Any such improvements are taken to the Balancé Sheet and added to the value of the Freehokl properties. TRUSTEES. REMUNERATION AND BENEFITS There re no trustees, remuneration or other beneffts for the year ended 31 December 2021 nor for the year ended 31 December 2020. Tru$tees' exp•ns•s There were no trustees. exFenses paKI for the year ended 31 December 2021 rK)r for the year ended 31 December 2020. Page 6 continued...
a Hales shouses o the Financial tstements- continued for the Yea Ended 31 December 2021 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestrlct fiind INCOME AND ENDOWMENTS FROM Charitable actlvltles Accomrnodation activities 18,150 EXPENDITURE ON Charltable actlvltles Accommodation activities 2,649 Other 120 Total 2,769 NET INCOME 15.381 RECONCILIATION OF FUNDS Total lunds brought forward 104,014 TOTAL FUNDS CARRIED FORWARD 119,395 TANG18LE FIXED ASSETS Freehold property COST At 1 January 2021 Additions 130,473 38,195 At 31 Dember 2021 168,668 NEf BOOK VALUE At 31 December 2021 168,668 At 31 Decemb8r 2020 130,473 Page 7 continued...
Finetta Hales Almshou Notes o the Financial Statements - ntsnued for the Year E 31 December 021 CREDITORS: AMouKfs FALUNG DUE WITHIN ONE YEAR 31.12.21 31.12.20 Trade creditors Other creditors 8,700 25,LlJO 8,700 25,768 CREDITORS: AMouKfs FALLING DUE AFfER MORE THAN ONE YEAR 31.12.21 31.12.20 Other credrtors 27,000 LOANS An analysis of the matunty of loans FS given below: 31.12.21 31.12.20 Amounts falling due *rythin one year on demand.. Mrs Fuller Loan Mr & Mrs Driver Loan AImSuse Associats"on Loan 5,700 15.000 10,000 8,70) 25,000 Amourts falling beten one and two yews: AA klan 1-2 years Amounts falling due tets%een and fve years.. AA loan &5 years Amounts falling due in more than fve years.. Repayabte by instalments: AA Loan over 5 years 15,000 Page 8 continued...
Imshou Notes to the Finanaal ta ents-co for Year En 31 December 2021 MOVEMEirf IN FUNDS Net movèment In funds At 31.1121 At1.1.21 Unrostri¢ted funds General fund 119.395 26,029 145,424 TOTAL FUNDS 119.395 26,029 145,424 Net movement in funds. induded in the above are as foikh%3: InGomlng R•sources Movemènt r•sources •xpendod In funds Unrestrlcted funds General fund 34.383 (8,354) 28,029 TOTAL FUNDS 34.383 (8,354) 26,029 Comparatlves for mov•m•nt In funds Net movement In fiinds At 31.12.20 At 1.1.20 unrèstrict funds General ftjnd 104.014 15,381 119,395 TOTAL FUNDS 104.014 15,381 119,395 Comparative net m(Nemerrt in funds. induded in the above ar8 as follthys.. Incoming Resour¢ts Movement resources eynded In funds Unrestrictod funds General fund 18.150 (2.769) 15,381 TOTAL FUNDS 18,150 (2,769) 15,381 Page 9 continued...
tta Hal mshou Notes to the Finan theye nded 31 tat s- contin cemb8r 2 MOVEMEKf IN FUNDS - eontlnu•d A current year 12 months and prior year 12 Monu combj'ned positson is as fdlow5: Not movement in funds At 31.12.21 At 1.1.20 Unrestrictèd funds General fund 104.014 41,410 145,424 TOTAL FUNDS 104,014 41,410 145,424 A rrent year 12 months and prror year 12 months combined net movement in funds, included in the above are as follows. Incomlng Resources Movement resources •xpond8d in funds Unrestricted funds General fund 52.533 (11.123) 41,410 TOTAL FUNDS 52,533 (11,123) 41.410 RELATED PARTY DISCLOSURES There were no related party transacti5 for the year ended 31 December 2021. 10. ALMSHOUSES The Chanty was set up Wtth four almshouses and surrounding land as per the wll of the late Finetta Sara Hales kyovtded in the Principal Registry on 8 February 1911 and comprised in a scheme of the Charrty Commissioners dated 2 August 1935. The balance sheet only shows the various refurkn'shment costs. The houses are not deprectated on the basis that the Charity aims to keep them to a high standard over the years. Page 10
Finetta ales Almshouses Detailed for the Ye tatement of FInCIal Activtties r Ended 31 December 2021 31.12.21 31.12.20 INCOME AND ENDOWMENTS Donatlons and legacies Grants 15,720 Charitable activi11oS Accommodation charges 18,163 18,150 Other Incom• Bank compensats.on Total incomlng rosourc•s 34.383 18.150 EXPENDITURE Raising donations and l•gaci•s Postage and ststionery Charltable actlvHIos Insuran Light and heat Sewage and maintenance Subscriptrons Repairs and refurt)ishment 703 601 393 140 779 142 2,616 6,529 2,597 othor Inter8St payable 712 Support ¢osts Management Postage and stationery 14 Financo Bank tharges 18 52 Govemanco costs Accountancy and legal fees Quinquennial revièw 120 1,080 1,080 120 Total resources expended 8,354 2.769 N•t Incom• 26.029 15.381 This page does not fonn part of the sLthory financial ststements Page 11