## **FINANCE REPORT** ## **From: Ali Akif, Finance Operations Manager Watford Community Housing Trust** ## **To: The Trustees of David Salters Almshouses Trust** ## **Date: 25[th] January 2022** ## **1. Introduction:** - 1.1 This report hereby gives: - an overview of reporting requirements of the Charity Commission - the receipts and payments accounts for financial year ended 31 March 2021 and, - - a list of current trustees ## **2. Recommendations:** - 2.1 It is recommended that the Trustees: - note the report contained in this paper - approve the receipts and payments account for online filing with the Charity Commission - update the Charity Commission on changes to trusteeship ## **3.** ## **Reporting Requirements of the Charity Commission** - 3.1 All registered charities are required by the Commission to prepare annual accounts. In addition to this, some charities (depending on their gross annual income) are required to prepare trustees’ annual reports. All annual accounts and trustees reports are required to be filed with the Commission within 10 months of the financial period end. - 3.2 The Charities’ Statement of Recommended Practice (Charities SORP) provides recommendation for the format and contents of charity reports and accounts. Reporting thresholds are also set by the Commission. - 3.3 Small non company charities with income of £100,000 or less can choose to prepare receipts and payments accounts (CC 16). The Trust is a small, non company charity. A Receipts and Payments Account has been prepared for 2020/21 financial year and is attached as Appendix A of this paper. - 3.4 Charities with income more than £10,000 are required by law to complete an annual return of the financial reporting period. It is the responsibility of trustees to ensure the returns are completed on time and the Commission is advised of changes to trustees’ contact details and trusteeship. It is also recommended that a trustees’ meeting is held, to agree the accounts and annual report, prior to the submission of the accounts. - 3.5 As the Trust’s gross income did not exceed £25,000 in the reporting financial year (i.e. 2020/21), the trustees are not required to have these accounts independently examined or audited, unless the governing documents of the Trust stipulates it. ## **4. Receipt and Payments accounts for 2020/21 financial year** - 4.1 Appendix A sets out the receipts and payments accounts for financial year commencing 1 April 2020 and ending 31 March 2021. - 4.2 A profit of £7,503 was realized in the financial year. Receipts increased by £1,105. This is due to the addition of new tenants. Payments went down by £9,073.00 compared with the previous financial year. The increase in spend in 2019/20 was due to having major repair works compared to last year plus payment to E&M for a transfer fee. - 4.3 Watford Community Housing Trust will continue to provide book keeping services for the Trust, ensuring all receipts and payments are evidenced and duly accounted for. ## **5. List of Current Trustees** - 5.1 Below are the names of current trustees held by the Charity Commission. Any changes to this list will need to be agreed by active trustees / the Lead Individual. **Trustee 1** MRS ELIZABETH LINDSAY MORTIMER MRS E MORTIMER Date of Appointment: 12 March 2011 **Trustee 2** MR BILL THOMAS MR BILL THOMAS Date of Appointment: 12 March 2011 **Trustee 3** REV TOM KIRK REV TOM KIRK Date of Appointment: 21 January 2012 **Trustee 4** MRS TRUDY RATOHWA MRS TRUDY RATOHWA Date of Appointment: 7 June 2015 **Trustee 5** MRS ABIGAIL HAJDU MRS ABIGAIL HAJDU Date of appointment: 22 September 2016 ## Appendix A: Receipts and Payments Accounts **----- Start of picture text -----**
Gerald F. Akohene 25/1/ 2022
**----- End of picture text -----**
|**214795**
**DAVID SALTERS ALMSHOUSES**
**Receipts andpayments accounts**
01-Apr-20
31-Mar-21
**To**
**For the period**
**from**
**CC16a**
~~ae~~|**214795**
**DAVID SALTERS ALMSHOUSES**
**Receipts andpayments accounts**
01-Apr-20
31-Mar-21
**To**
**For the period**
**from**
**CC16a**
~~ae~~| |---|---| |**Section A Receipts and payments**|| |**Unrestricted**
**funds**
**Restricted**
**funds**
**Endowment**
**funds**
**Total funds**
**Last year**|| |**to the nearest £**
**to the nearest £**
**to the nearest £**
**to the nearest £**
**to the nearest £**|| |**A1 Receipts**|| |Maintenance receipts: Fisk House & HomeManor **25,095**
**-**
**-**
**25,095**
**23,990**
Bank interests received
**-**
**-**
**-**
**-**
**13**
Inter a/c transfer
**-**
**-**
**-**
**-**
**-**
WBC Refund
**1,613**
**-**
**-**
**1,613**
**-**
**_Sub total_**_(Gross income for AR)_**26,708**
**-**
**-**
**26,708**
**24,003**
~~== ===~~|| |**A2 Asset and investment sales, (see**
**table).**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**_Sub total_ -**
**-**
**-**
**- -**
**_Total receipts_**
**26,708**
**-**
**-**
**26,708**
**24,003**
~~S555~~|| |**A3 Payments**
Cleaning
**1,536**
**-**
**-**
**1,536**
**1,672**
Insurance
**5,472**
**-**
**-**
**5,472**
**5,484**
Electricity
**657**
**-**
**-**
**657**
**667**
WCHT Admin Fees for Housing20/21
**4,320**
**-**
**-**
**4,320**
**4,320**
E&M Charges
**2,811**
**-**
**-**
**2,811**
**2,232**
Watford Council Tax
**-**
**-**
**2,512**
Repairs &Maintenance
**650**
**650**
**9,525**
GAS
**-**
**-**
**12**
Probate Cost
**2,145**
**2,145**
**-**
Transfer to current a/c
**-**
**-**
**240**
**_Sub total_ 17,592**
**-**
**-**
**17,592**
**26,665**
**A4 Asset and investment purchases,**
**(see table)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**_Sub total_ -**
**-**
**-**
**-**
**-**
**_Total payments_**
**17,592**
**-**
**-**
**17,592**
**26,665**
~~essee~~
~~S555~~|| |**_Net of receipts/(payments)_**
**9,115.95**
**0.00**
**0.00**
**9,115.95**
**(2,661.58)**
**A5 Transfers between funds**
**-**
**-**
**-**
**-**
**-**
**A6 Cash funds last year end**
**-**
**-**
**-**
**-**
**-**
**_Cash funds this year end_**
**9,115.95**
**0.00**
**0.00**
**9,115.95**
**(2,661.58)**
~~—=~~|| |Signed by one or two trustees on behalf of
all the trustees
**Date of**
**approval**
**Print Name**
**Signature**
Gerald F. Akohene
25/1/2022
~~pss—|_|,_~~|| ## **FINANCE REPORT** ## **From: Ali Akif, Finance Operations Manager Watford Community Housing Trust** ## **To: The Trustees of David Salters Almshouses Trust** ## **Date: 25[th] January 2022** ## **1. Introduction:** - 1.1 This report hereby gives: - an overview of reporting requirements of the Charity Commission - the receipts and payments accounts for financial year ended 31 March 2021 and, - - a list of current trustees ## **2. Recommendations:** - 2.1 It is recommended that the Trustees: - note the report contained in this paper - approve the receipts and payments account for online filing with the Charity Commission - update the Charity Commission on changes to trusteeship ## **3.** ## **Reporting Requirements of the Charity Commission** - 3.1 All registered charities are required by the Commission to prepare annual accounts. In addition to this, some charities (depending on their gross annual income) are required to prepare trustees’ annual reports. All annual accounts and trustees reports are required to be filed with the Commission within 10 months of the financial period end. - 3.2 The Charities’ Statement of Recommended Practice (Charities SORP) provides recommendation for the format and contents of charity reports and accounts. Reporting thresholds are also set by the Commission. - 3.3 Small non company charities with income of £100,000 or less can choose to prepare receipts and payments accounts (CC 16). The Trust is a small, non company charity. A Receipts and Payments Account has been prepared for 2020/21 financial year and is attached as Appendix A of this paper. - 3.4 Charities with income more than £10,000 are required by law to complete an annual return of the financial reporting period. It is the responsibility of trustees to ensure the returns are completed on time and the Commission is advised of changes to trustees’ contact details and trusteeship. It is also recommended that a trustees’ meeting is held, to agree the accounts and annual report, prior to the submission of the accounts. - 3.5 As the Trust’s gross income did not exceed £25,000 in the reporting financial year (i.e. 2020/21), the trustees are not required to have these accounts independently examined or audited, unless the governing documents of the Trust stipulates it. ## **4. Receipt and Payments accounts for 2020/21 financial year** - 4.1 Appendix A sets out the receipts and payments accounts for financial year commencing 1 April 2020 and ending 31 March 2021. - 4.2 A profit of £7,503 was realized in the financial year. Receipts increased by £1,105. This is due to the addition of new tenants. Payments went down by £9,073.00 compared with the previous financial year. The increase in spend in 2019/20 was due to having major repair works compared to last year plus payment to E&M for a transfer fee. - 4.3 Watford Community Housing Trust will continue to provide book keeping services for the Trust, ensuring all receipts and payments are evidenced and duly accounted for. ## **5. List of Current Trustees** - 5.1 Below are the names of current trustees held by the Charity Commission. Any changes to this list will need to be agreed by active trustees / the Lead Individual. **Trustee 1** MRS ELIZABETH LINDSAY MORTIMER MRS E MORTIMER Date of Appointment: 12 March 2011 **Trustee 2** MR BILL THOMAS MR BILL THOMAS Date of Appointment: 12 March 2011 **Trustee 3** REV TOM KIRK REV TOM KIRK Date of Appointment: 21 January 2012 **Trustee 4** MRS TRUDY RATOHWA MRS TRUDY RATOHWA Date of Appointment: 7 June 2015 **Trustee 5** MRS ABIGAIL HAJDU MRS ABIGAIL HAJDU Date of appointment: 22 September 2016 ## Appendix A: Receipts and Payments Accounts **----- Start of picture text -----**
Gerald F. Akohene 25/1/ 2022
**----- End of picture text -----**