THE CHARITY OF MARJORIE HURST UNAUDITED FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024
THE CHARITY OF MARJORIE HURST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ontents Pagg Reglslered Soclal Houslng Provlder InformalSon Reptsrt of the Trustee8 Accountant¥ Report Slalement of Comprehenslve Income Statement of FlnanGial Poslllon Statement of Changes in regerves Notes to the ffinancial statements 10 11
THE CHARITY OF MARJORIE HURST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 R•glstsred Charlty numbgr 215596 R&gulator of Soclal Houslng reglstratlon number A4057 Trustses of Charlty Mr. D. R. Dalllmore, Chairman Mr A. Lloyd-Green Mr. P. A. Baron Mr. S. D. Armstfong Mis. V. J. Young MBE Clgrk to th• Trustgès Mrs. S. Baron Registsred office 1 St. Peter's Avenue Knutsford Cheshire WA16 ODN Accountsnt Harts Ltd Weslmlnsler House 10 Westmlnsler Rd Macclesfield Cheshlre SK10 IBX Bankern Natwesl Bank 82 Klng Stfgel Knulsford Cheshire WA16 6EG
THE CHARITY OF MARJORIE HURST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 REPORT OF THE TRUSTEES The Board of Trustees of The Charlty of Mafjorle Hurst presents Ils report and unaudlled financlal ststemenls of the RegIsted Provider (RP} for the year ended 31 March 2024. The Charfly of Marjorie Hurst Is a Registered Charity 12155961 and a Registered Social Landlord IA40571. The Charity is an Almshouse Charity provSding accommodation for the elderly. The Chadty operates exclusively within the town of Knutsford. The Charity'8 GovemSng In$lTum8nt 18 a Scheme made by the Charlty Commls8loners on the 25 March 1983. Th• Board ofTrustg8$ The Trustees ofthe board who have served durlng the year were as follows.. Mr. D. R. Dallimore- Ch8lrman Mr A. Lloyd-G¥een Mr. P. A. Baron Mr. S. D. Armstrong Mrs. V. J. Young MBE The Charity's Governlng Instrument provldes for five Trustees lo be appolnted by Knutsford Town Council. New Trustees are supplled wth the Goveming Instrument, last Accounts and a copy of Stsndards of AlmshoLtse Management. They are invited lo have an Induction meeting with the Clerk. Training for both new and s&tving Tru$tees18 by attending semlnars organised by the Almshouse Asso¢ialion. The Trustees delegate the day to day management ofthe Trust lo the Clerk, Mrs S Baron. The Charlty'$ oblèctlves The Charity provlde8 almshouses for mature people In financlal need who are resldent In Knulsford. Publlc bgngflt statsmont The Trustee8 of th$ Charity malntsln the view that they have complled wllh the duly descrfbed In secllon 4 of the Chariliey Aet 2011 to have due regard lo the publlc benefit guidance published by the Commission. The Trustees have con51dered this and belleve that the Charlty continues to act as a publlc benefit entity by malnlalnlng the len almshouses as quality houslng for mature people al a cost well below market levels. Almshouse vacancies are advertlsed locally through local charities, shops and churches, by word of mouth and on the Charity's website. Qualifying applicants are InleNlewed and assessed in respect of financial and houslng need and accommodallon offered to those applicants deemed suitable and wlth the greatest need. Value for money In dollverfng purpo80 and obJ8ctEv•$ Sncludlng perfomianco mgtrlcs The Trustees of the Charity believe that they have achleved value for money In dellvering Purpose and obleclive5 by maintaining the ten almshouses 88 qualily houslng for mature people at a ¢osl well below market levels. 2024 2023 O'/0 0% 0% OD Relnveslment % New Supply {Soclal housing units) % New Supply (Non-soclal housing unSls} % Gearfng O EBITOA MRI Interest ¢oveT Headllne social houslng cost £ Operallng margln (soclal housing letlingsl % Operatlng margln loveralll O RetUTn on capital employed % -28% -24% £4,474 £4,674 32% 4% 19¥0
THE CHARITY OF MARJORIE HURST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 REPORT OF THE TRUSTEES Revlow of actlvStles and achlovement8 The Charity has contlnued lo keep the alm$hou888 In good condS1ion and up-to-date. The bollers In all of the Properties are servlced annually and water tanks In the collages are Inspected annually for water quality. Th8 qulnquennial inspe¢llon of the propertltss In 2022 recommended a number of repalr8 and improvements whl¢h are being Implemented, for example, redeGoralion of the exterior and arranglng energy performance certlflcales for those propertl88 wllhout one. One of the almshouse cottages became vacant In autumn 2023 and the Charity took the opportunity lo extenslvely refurblsh the property. Th18 Included replacing the kllchen unkt5. replaclng the bath with a walk-in shower. replaclng all the carpels and flooring and redecorallng Ihroughoul. New residents were found for this property by advertislng through our looal networks of charibes and churches in a¢co¥dan¢e with our appllcalion process. For a number of years the Charity has been looklng al opportunltie8 lo acquire more properties for It8 portfolio, In 2021 the Charity loaned Ollerton Educallonal Foundation, a small local charity, £20k lo renovate dertslScl former school house with a vSew lo merging the two Charilles. The Charlty's Trustees made the decSsion in 2022 not lo proceed wllh the merger bul the loan remains and Is se¢ured by a charge on the propety whlle earnlng Interest for the charity. R•vlew of flnanclal posltlon The Trust remalns flnanclally sound, $howlng a conlinulng surplus from operallng activities desplle ongoing InflalSonary presgures. The Trust mainlaln8 adequate and appropriate feseNes. The reserves are held In dlverse range of Ilsted share$ that are constantly Tevlewed as well as In bank accounts to spread and dlmlnish any risks. Cash funds are 8vallable In accesslble accounts comprtslng a current account ond deposll accounts. The Trustees are not awaro of any other faolors that are Ilkely lo affect the futuro perfomance or the finanoial position of the Charity. The Trustees contlnuo to look for opportunltles lo add more prop8rtle8 to the portfollo In Knutsford town rRnlre. Assessment of Gompllanco wlth the Govèrnance and Flnanclal Vlablllty Stsndard The Tru8lee$ of the Charlty believe that they have remained compllant with the Govemance ond Flnanclal VlabSllly Standard by dellverlng Ihelr aims. obleclives and intended outcomes for residents and ptstenllal resldenls In an effecllve, transparent and accountable manner. Their governance has ensured that the Chartty has adhefed to all relevant law. complled with thè Trust Scheme and all regulatory requlremenls. They have remained accountable to residents, the regulator and relevant slakeholdw8 while $afeguarding tsxpayers, interests and the reputation of the sector. The Charity In addresslng the maller of ri¥k management and assessment ha$ In place an exlenslve system of Inlemal controls including regular meetings, external a¢¢ounls preparation, budget, management a¢count8, finanGSal regulallon8 and a variety of policSes including a rlsk policy. All of these controls are periodically revlewed by the Trustees and are presgntly Judged adequate for Purpose. In Ihls manner the TTuslees Gonslder that they have protected social hou8lng needs.
THE CHARITY OF MARJORIE HURST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 REPORT OF THE TRUSTEES R&serve$ Pollcy The Tru¥lees consider it prudent lo mainlaln 8 Ilquid cash reseNe lo Gover day-lo-day maintenance of the properties c. £20,000. Codo of govornancg The Charity's goveming document sets out the Tequiremenls of the Scheme including provlslons foT.' appolnllng Trustees., the meetings and proceèdlngs of Trustee8' the management of the propertles.. In$urance'. management of Income,. and selecllon of residents. The governlng document requlres five Trustees be appolnled by the Town CounGII. The Trustee$ Serve for four years after which period they may pul themselves foard for re-appolnlmenl. Al the now quarterfy meetings, the Trustees conslder the issue8 surroundlng the running of the properties, Investments, reserves, rfsk management and perfomiance. The day lo day admlnislralion of the propertles is delegated to the Clerk. The Board of Tfustees keeps the skill requlremenls for the Trustees under review and In the event Ih8t 8 Trustee permanently rellres, the Board notifies the Town Council. An appointment Is made at a meeting convened according to the ordinary pra¢llce of the Town Councll. Trustees do not need to be a member of the Town Coundl. Statgmgnt of responslbllltles of thg Board ot Trusts The Board Is re8pon$iblè for pieparlng the report and flnanclal statements In aexordance with applicable law and regulallons. Registered social housing leglslalion requlres the Board lo prepare financlal slalements for each financSal year whlch glve a true and falr view of the slate of affairs of the Charity and of its income and expendituro for that pertod. In preparing these Ilnanoial statements, the Board Is required to.. select 8ultsble accounting pollcles and then apply them oon81slently', make 5udgemenl8 and estSmal88 that are reasonable and prudent., stale whether app15GablÈ accounllng stsndard$ have been followed, subject to any material departures dlsclosed and explained In the ffinanGlal 8lalemenl$- and prep8re the financlal 8talemenl8 on the golng concern basis unless 11 Is Inapproprfate to pre8ume that the CharSty 11 continue In buslness. The Board Is responslble for keèping proper accounting records whlch disclose wllh reasonable accuraw al any Ilme the flnanclal position of the Charity and enablg il lo ensure that the financial statements comply with the Housing and Regeneration Act 2008 and the Accounting Direction for Private Registered Provider¥ of Social Houslng In England 2022. 11 has general responslbllily IOT taklng roasonable steps lo safeguard the assets of the Charity and lo prevent and deto¢t fraud and other irregularflles.
THE CHARITY OF MARJORIE HURST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 REPORT OF THE TRUSTEES We, the Trustee8 of the Board who held office at the date of at4)roval of these Finan¢lal Statements as set out above each confflrn, so far as we are aware, Ihal.. theie18 no relevant accounting Information of whlch the Charity'5 accountsnts are unaware; and we have taken all the steps that we ought to have taken as Tru51eès In order lo make ourselves aware of any relevant accountlng Informatlon and lo establish that the Charity's accountants are aware of that Informallon. order of the Board Mr. D. R. Dall more, Chalrman Dated: .1,.
THE CHARITY OF MARJORIE HURST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 REPORTING ACCOUNTANTS, REPORT Ac¢ountsnts' report to th8 Board on the unaudlt8d accounts of Th• Charlty of Marforlfr Hurst Vve report on the accounts for thè year ended 3111 March 2024 set out on pages 8 to 17. R6sp•Gtlvé r88ponslbllltlo8 of thg Board and raportlng aGcountants The Board of the Reglslered Social Houslng Provider Is responsible for the preparation of the accounts. and they consider that the Reglslered Soclal Housing Provider is exempt from an audit. It 1$ our responslbllily lo arry out procedures designed lo enable us lo report our oplnlon. Basls of oplnlon Our procedures Gonslsled of comparlng thè aceounls wlh the accounllng records kept by the Reglslered Social Housing Provider and making such enquirie8 of the officer8 of the Registered Social Housing Provider as we tt)nsidered necessary for the purpo$& of Ihls report. These procedures provlde the only assurance expressed In our opinlon. Oplnlon In our opinlon.. the accounts for year ended 3181 March 2024 are in accordance wllh the accountlng Tecords kept by the Registered SoGial Houslng Provlder under paiagraph 13512llal of the Housing and Regeneration Act 2008., havlng regard only lo, ond on the bas1¥ of the Informallon conlalned In the accounlSng records.. the accounts comply with the requirements of the Charflies Act 2011., the Reglslered Soclal Houslng Provlder has 8atlsfied the condlllons for exempllon ffom an audll of thè accounts for the year ended 3141 March 2024 speclfled in sedlon 136161 of the Houslng and Regeneratlon Act 2008; the accounts comply wllh th• requlremenl$ of the Houslng and Regeneratlon Act 2008 and the Accountlng Dlrecllon for prlval$ lered providers of soGlal houslng In England 2022. Davld Taylor For and On behalf of Harts Llmiled Chartered Accounlanls Westmlnster House 10 We8lmlnsteT Rd Macclesfield Cheshlre SK10 1BX Dated:
THE CHARITY OF MARJORIE HURST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 STATEMENT OF COMPREHENSIVE INCOME Ilncludlng Income and Expendlture Account> 2024 2023 Conunulnu Owr•tlDnA TOTAL Op*rOni TOTAL Turnovèr 45,377 44,070 operang expenditure (44,740) {47,782) Oporatlng surplus I Idgficltl 637 3.712 Interest recelvable and dlvldend Income Profil I1108s) on fair value movement of Investments 15,433 20,609 10,160 5,091 Surplu8 1 {d9flclt) on ordlnary actlvltles for the year bofore tax Tax on surplus I Ideflcltl on ordlnary activities Surplus I Ideficltl for thg yèar after tsx 11.539 Total comprehen8lv6 Incomg for the year 36,679 11,539 Extraordlnary income 14 Exlraordlnary expendSlure 13,694 Adjusted Gomprehensive lrtcome for the year 27,985 11,539 Dated.. /9/>4 Igned on behalf of the Board of Truglees Mr. D. R. Chalrman Mr. A. Lloyd4reen, Trustee
THE CHARITY OF MARJORIE HURST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 STATEMENT OF FINANCIAL POSITION 2024 2023 Flxed assets Property. Plant and Equlpment 341.933 346.100 Curront ass8t$ Debtors Current asset Investments Cash al bank and in hand 25,900 295,857 88,567 23,194 270,786 82,905 410,124 376,885 Crgdltors: amounts falllng duo wlthln one y8ar 5.034 3,947 Net Gurrent a$89ts I Illabllltlos} 405.090 372,938 Total a88et81oss current Ilabllitl•8 747,023 719,038 Credltors: amounts falllng due aftor moro than on• year 12 185,231 185,231 Total ngt assttts 11Slabllltlg$) 561,792 533.807 Rgsorves Income and expendSlure reserve 561.792 533,807 The financlal sl teme Is were 8pproved and aulhortsed for18sue by the Board of Trustees on Dal&d: Igngd on behalf of the Board of Trustees Mr. D. R. .alllmore, Chalrman Mr. A. Lloyd-Green, Trustee
THE CHARITY OF MARJORIE HURST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 STATEMENT OF CHANGES IN RESERVES Unrestrlcted funds 2024 2023 At 1 April 2023 Surplu8 I IDefi¢ill for tho year 533.807 27,985 522,268 11,539 At 311l March 2024 561 792 533.807 10
THE CHARITY OF MARJORIE HURST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 NOTES TO THE FINANCIAL STATEMENTS The notes on page8 1110 17 form part of these aOUnt9 Summary of slgnlflcant accountlng pollcl&$ lal Goneral Infomiatlon and bas18 of proparatlon The Charty of Marjorie Hurst Is a Reglstered Charty {21559618nd a private Registered Provider IRPI of Soclal Housing IA40571 In the United Kingdom. The address of the registered offico is given in the RP Information on page 2 of these financlal slalemenls. Thè nature of the RP'S operations and prin¢lpal activitles are that of an Almshouse Charity provlding accommodation for poor aged persons. The Charity operates excluslvely withln the town of Knutsford. The RP conslllules a publlc benefit entity as defined by FRS 102. The financlal stslemenlg have been prepared In aacordance wllh applS¢able accounting stsndards Includlng Financlal Reporting Standard 102 Ihg Financlal Reporting Standard Applioable In the UK and Republio of Ir8land IFRS 1021, the Slalement of Recommended Practice for Social Houslng ProvSders 2018 and with the Accounting Dlrection for private regSslered providers of soclal houslng in England 2022. The financlal statements are also prepared under the requirements of the Housing and Regeneration Act 2008. The financlal statements have been prepared on a going concern basis under the hl8lorlcal cost convenllon, modifled to include certain Stems al falr value. The financial 81alements are prepared In sterling, lch Is the functlonal currency of the RP, and roundod to the nearest pound. The Signilirant accounting policSes applied in the preparation of these financial statement$ are set out below. Thèse polloies have been conslstenlSy applled to all years pfesonlod unless otherwise slated. Ibl Propgrty, Plant and Equlpmont Tangible fixed assets Ilncludlng soclal houslng propertles) are slated at cost {or deemed Gostl or valuation less accumulated depreciatlon and accurnulated impalrmenl losses. Cost Inolude8 costs directly attributable to maklng the asset capable of operating as Inlgnded such as the cost of acqulrlng land and buSldings, dovelopmenls costs, interest Charges on loans durlng the development perlod and expenditure on improvements. Expenditure on Improvements will on5y be capitallsed when il results in Incrementsl future benefi18 8u¢h as Increasing rental InGome. reduoing malnlenancè eosls or resultlng In a slgnificanl exten51on of the u8eful economlc Ilfe of the property. Depreciation 18 provided on all tangible flxed assets, at rates calculated lo write off the cost, less estim?led residual value, of each asset on a systematlc basls over 118 expected useful lifr as follows.. Hou8lng PTopertle8 Plant & machlnery 10% 8t cost The useful economlc Ilves of all tangible flxed assets are revlewed annually. The resldual valuè of the propertles has been consldered and 15 not deemed to be lower than cost, as such no depreclalion has beon applled. 11
THE CHARITY OF MARJORIE HURST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 NOTES TO THE FINANCIAL STATEMENTS Icl Debtord recelvablè I credltors payablo wlthln one year Debtors and credltors with no stsled interest rale and recelvable or payable wthin one year are recorded al transaction price. Any losses arSsing from Impaimienl are recognised In the Statement of comprehenslve Income in other admlnislrallve expenses. Rlghls of Soclal landlords lo have improvement works carrled out to propertles by a Ihifd paty (such as a local authority) are recognlsed as prepayments where payment has occurred in advance of the works being carrled out and recelpls in advance from the same third party recognlsed as liabllitles. Assets and Ilabiliues or Income and expendituro are not offset. Idl Invèstmgnts Investments are recognised Inlllally at falr value which 18 normally the transaction price excludlng transaction ¢os18. Subsequenuy, they arg measured gt falr valug through the slalemgnl of comprehenslv& income If the share8 are publlcly traded or Ihelr faSr value can otherwise be measured rellably. Other Investment$ are measured al co81 less Impalrmenl. lel Loans and borrowlngs As the ksan In the accounts ¢onslllutes a flnanclng Iransacllon 6t15 mèasured al present value. lfj Turnover and other Incomè Turnover repre8enls rental and servlce charges Income receivable In the year net of rent and seTvl¢e horge losses from volds. Interest and divid6nds recew8ble Interest Income18 rowgnised uslng the effective interest method and dividend Income is recognlsed as the RP'S rlghl lo recelve paymenlls eslabllshed. 191 Govornmont grants Tho Government grant Qriginally from the Houslng Corporatlon (now Homes England) recelved In respect of the capitall8ed renovallons that look place between 1995 - 1997 1$ recognlsetj al the fair value of Ihe asset received. The assets are accounted for usSng the cost model and the government grant is a¢counled for uslng the ac¢rual8 model. The difference between the falr value of the asset and the considerallon Is recognlsed as a Ilabllily and amortlsed over the useful e¢onomlc Ilfe of the asset. The Government grant Is In respect of the property which currently has nol been depreciated as per note 1(bl. As such no amortisalion of the Government grant 18 requlred. 12
THE CHARITY OF MARJORIE HURST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 NOTES TO THE FINANCIAL STATEMENTS 2 Partlculars of turnov•r and admlnlstratlvo gxpèndlturg from soclal houslng 18ttlny 2024 2023 Turnover from social housln lettln Maintenance contributlon receivable Total Tumover 45,377 44.070 erat ex end Managemont èxpend5tur• Clerk's Remuneratlon Warden cost AcGountanoy Insuran¢e Subscrlptlon5 Professlonal fees Tralning 6,600 4,442 2,220 1,319 675 7.000 2,176 2,086 1,130 619 4,832 190 15,446 17.845 Malntsnancè oxpgndlturo Roullne maintenance Planned malntenance Major repalrs expendllure Garden upkeep 3.248 16,733 3,785 22,856 269 22.044 other expèndlturo Heal and Ilght Telephtsne Print. post & stallonery Travel costs Sundrles Donatlons Bank & investment charge8 Plant & machlnery depreclallon Profit I loss disposal fixed assets 615 168 152 37 302 1,630 160 60 972 18 626 100 180 1,041 7.250 3,027 Admlnlstratlvg oxpendlturo on soclal houslng 19ttlng8 Operatlng surplus I Idoflcltl on Soclal houslng lettlngs Vold losses 44,740 47,782 1637) 13,712) 1.470 13
THE CHARITY OF MARJORIE HURST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 NOTES TO THE FINANCIAL STATEMENTS AcGommodatlon owned and In management Numbgrof unlt8 at 1" Aprll 2024 Numb&r of unlis at 31 March 2023 Selfwcontslned home8 al affordable rent levels.. Housing for older people 10 10 Interèst recglvablo and dlvld•nd Incomg 2024 2023 Bank and bulldlng soclety deposlt8 Dividends receivable Other interest receivable 2,446 11,376 1.611 778 8,426 956 15,433 10.160 Koy manag•mgnt personnel The Trustees themselves are not remunerated for their servlce wheTeas the Clerk to the Trustees, Mrs S Baron blll8d a lolal of £8,600 {2023'. £7,000) for her servlces to the Trust durtng the year lo 31tst Mah 2024. Employ09$ and Trustses The average monthly number of 8taff employed during the year wa¥ 08 follows.. 2024 2023 Clerk to the Trustees Unsalarled Trustees Total 14
THE CHARITY OF MARJORIE HURST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 NOTES TO THE FINANCIAL STATEMENTS Propèrty, Plant and Equlpmont- houslng prop•rtl•8 Houslng propgrtleo for l•ttlng Pl#ni& maehlnory Total Land Cost: AI 1S1 April 2023 Addlllons durSng year DIsp05als 227,955 113.976 10,415 352,348 110.4151 110.4161 At 3141 MarGh 2024 Depr&clatlon: At 1el Aprll 2023 Charge for year 227,955 113,978 341,933 6.248 6,248 16.2481 16.2481 At 31 MarGh 2024 Net book valuo: At 31d March 2023 227.955 113,978 4,167 348,100 At 314t March 2024 227,966 113,978 341,933 The propertles al 50 - 60 Sllkmlll Street, Knutsford, Cheshire were Gon81rucled In the late ninel8onth century and there Is no record of the original cost and no value is attrlbuled thereto. The HousSng Properties cost relates to Improvements carrled out between 1995 - 1997, whlch were funded by grants from the Houslng Corporaliot) {now the Regulator of Soclal Houslngl and from the Charity's own resources. The propertles were professlonally valued by Drivers Jonas, Chartered Surveyors on 27 November 1997 al £560,000 and the existlng use value £280.000. No adluslment ha8 been made for ellher of these values and the Trustee's conslder that the value of the properties Is In excess of that shown on the balance she&t. The Charilles SORP (FRS102) slates that a tsnglble flxed asset must be depreclaled over113 useful economiG lile. The Charity should choose a depreciallon method whlch reflects the use of the asset and the expected Ilmlng or oonsumptlon of Ils economlc beneflts. This resldual value of the propertles has been consldored and not deemed lo be lower than co$t. as Such no depreclallon has been applied. Depr¢¢iatSon 13 provided on plant & machlnery at 10% on wst, Ihl8 Is deemed lo be approprfate when the nature of the asset Is consldered l.e. a len8nt ernèrgency alaTm system whlch 59 anllclpaled to have an approxlmale Ilfelime of 10 years. 15
THE CHARITY OF MARJORIE HURST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 NOTES TO THE FINANCIAL STATEMENTS Debtors 2024 2023 Trade debtors Prepayment$ Sundry debtors Ollerton EduGalional Foundation 1,450 1,664 723 929 366 21,170 22,786 Curmnt asset Investmvnts 2024 2023 Llsted investments Other investments 203,804 91,853 187,079 83,707 295,657 270.786 The falr value of Ilsled Investments 1$ delermlned by referrfng lo the quoted prlce for Identical assets In an acllve market at the balance sheet dale. Llsled Investment addltlons of £4,26112023'. £3.4141 were made durlng the year whereas th¢ value of the Ilsted Investments rosè by £12,463 12023.. r¢)se by £8,044). other Investments comprlse of a CCLA - COIF Charllles Investment Fund Accumulation Unit# ERF Scheme with a value of £16,447 12023 £14,644) and o CCLA - COIF Charflles Investment FLtrnd Income Unlts Retsined COIF Return$ Schemg of £75,406 12023.. £69,063). The falr value of these other Inv&slmenls18 as per the Certlflcale of 8alanee provided by CCLA whlch dl8clo$es the value of these Schemes as per the balance sheet dats. The value of these Snve5tments rose by £8,146 {2023'. rose by £2,954). In lolal the overall value of the Inve$tmèn18 rose by £20,60912023.' £5,091). 10 Crodltors: amounts falllng duo vAthln onp yèar 2024 2023 Other creditors- Trustees expen$es Rental Income Te¢e5ved In advance Accruals and deferred InGome 200 393 4,441 200 33 3.714 3,947 16
THE CHARITY OF MARJORIE HURST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 NOTES TO THE FINANCIAL STATEMENTS 11 Lgaslng Agrèements Mlnlmum lease payments under non-cancellable operatlng leases fall due as follows.. 2024 2023 Wlhin one year Between one and five years In more than five years 2,915 12 Crodltor8: amounts.falllng due aftor more than ong year 2024 2023 Deferred Inwme- Housing Assoclallon Grant 185 231 185.231 13 Contlngent Il#bllltles As al the 31 March 2024 there were no contSng¢nt liab115110s. 14 Extraordlnary Items A faulty warden system resulted in £13,694 of telephone line charges. Compensallon of £5,000 was recelved from the warden system operator, the system itself has been scrapped and replaced with a digltal warden system. 15 Related party tran$actlon8 Out of pocket expenses lotalling £82412023.. £1,376) were relmbursed to the Clerk, Mrs S Baron over the ¢ourse of the year. Out of pocket expenses lotalllng £50 were relmbursed to the Chairman, Mr Dallimore. In respect of Chrlslma8 present$ for the resldent8 and £39 was relmbursed to a resldent in re¥pecl of refre3hmenls for a resldents tea paty. Al the year end Mr R Dallimore and Mr S Amistrong are each owed £100 In respect of out of pgcket expenses paid for on behalf of the Trust, this amount Is in relallon lo bullding surveys. These monles were relmbursed lo the Trustees after the year end In June 2024. 17