WARRANT
WILLENHALL AREA RELIEF REHABILITATION AND NURSING TRUST
ACCOUNTS FOR THE YEAR TO 30TH JUNE 2022
CHARITY COMMISSION NUMBER 216097
WARRANT
WILLENHALL AREA RELIEF REHABILITATION AND NURSING TRUST
TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2022
OBJECTIVES AND ACTIVITIES
-
(1) To maintain the homes belonging to the Charity and use them as almshouses for accommodation of residents in conformity with the Trust Scheme.
-
(2) To apply surplus income for relief in sickness of needy persons resident in the area designated by the Trust.
ACHIEVEMENTS AND PERFORMANCE
The charity has suceeded in generating income from its investments to benefit those in need in the area. Following a review of the suitability of the investments the Unit Trust was re-invested in a more suitable portfolio.
FINANCIAL REVIEW
During the year the Trust has maintained its properties to a high standard and has made donations of £51,012 in the furtherance of the relief of sickness
At 30 June 2022 the investments had a cost value of £1,760,000 and a market value of £1,699.444 while the property had a cost value of £48,583 and an insurable value of £1,883,142
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Trustees during the year were as follows:Mrs A Wrighton (Honarary President) A R Haywood (Chairman) Mrs M R Myatt (President) Mrs D K Cowburn Mrs R Tarbuck B Thorndyke S G Stuart Mrs C. Burley Mrs C. Webster The Trustees are elected for a term of five years and thereafter are eligible for re-election. The Charity was established by Trust Deed dated 10th December 1964 and is registered with the Charity Commission Number 216097.
The Charity's address is 56 Lochalsh Grove, Willenhall, West Midlands WV12 5FA
BANKERS
HSBC Bank Plc Wolverhampton WV1 1TE
INDEPENDENT EXAMINER.
Worley Pritchard & Co
34 Hydes Road, Wednesbury, West Midlands WS10 9SY
DECLARATIONS
The trustees declare that they have approved the trustees' report above> Signed on behalf of the charity's trustees
J.Ball (Secretary to the Trust) …......................... Date....................................
1
WARRANT
Independent examiner's report on the accounts
I report to the trustees of WARRANT, Willenhall Area Relief Rehabilitation and Nursing Trust (Charity No216097) on the accounts for the year ended 30th June 2022 set out on pages 3-5.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to:
-
. Examine the accounts under section 145 of the Charities Act.
-
. To follow the proceedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) on the Charities Act, and
-
. To state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention
-
1 which gives me reasonable cause to believe that in, any material respect, the requirements:
-
. to keep accounting records in accordance with section 130 of the Charities Act; and
-
. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
- 2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed:
Date : 30th September 2022
Worley Pritchard & Co Accountants 34 Hydes Road Wednesbury West Midlands WS10 9SY
page 2
WARRANT
WILLENHALL AREA RELIEF REHABILITATION AND NURSING TRUST
RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 30TH JUNE 2022
| RECEIPTS Income from Bungalows Income from Investments PAYMENTS Buildings Insurance Administration Costs Maintenance of Bungalows NET INCOME CHARITABLE DONATIONS SURPLUS/(DEFICIT) FOR THE YEAR ASSET & INVESTMENT SALES ASSET & INVESTMENT PURCHASES NET OF RECEIPTS AND PAYMENTS CASH FUNDS LAST YEAR CASH FUNDS THIS YEAR |
2022 Unrestricted Funds £ 9,590 70,000 79,590 1,709 13,645 16,097 31,451 48,139 51,013 -2,874 1,852,480 1,760,000 89,606 57,563 147,169 |
2021 Unrestricted Funds £ 9,995 70,000 79,995 1,411 12,341 25,351 39,103 40,892 47,168 -6,276 0 0 -6,276 63,839 57,563 |
|---|---|---|
3
WARRANT
WILLENHALL AREA RELIEF REHABILITATION AND NURSING TRUST
STATEMENT OF ASSETS AND LIBILITIES AT 30TH JUNE 2022
| 2022 | 2020 | |
|---|---|---|
| Unrestricted | Unrestricted | |
| Funds | Funds | |
| £ | £ | |
| CASH FUNDS HELD | 147,169 | 57,563 |
| OTHER MONETARY ASSETS | ||
| Debtors | 108 | 163 |
| INVESTMENT ASSETS AT COST | ||
| Bungalows | 48,583 | 48,583 |
| Unit Trust | 1,760,000 | 699,775 |
| LIABILITIES | ||
| Creditors | 647 | 80 |
| APPROVED BY THE TRUSTEES |
4
WARRANT
WILLENHALL AREA RELIEF REHABILITATION AND NURSING TRUST
NOTES TO THE ACCOUNTS 30TH JUNE 2022
1 SCHEDULE OF FREEHOLD BUNGALOWS AS AT 30 JUNE 2022
| 30 and 32 Beech Road Willenhall 29 and 31 Coleridge Close Willenhall 56 and 57 Heath Road Willenhall 7 and 9 Sherlock Close Willenhall |
10,984 8,170 13,489 15,940 |
|---|---|
| 48,583 |
The Freehold title of the above properties is vested in the Official Custodian for charities.
The above eight bungalows are insured against fire, theft and accidental damage with RSA
insurance for a total cover amounting to £1,883,142
2 PAYMENTS TO TRUSTEES
The following payments were made to Trustees during the year:
| A R Haywood | £361 | Maintenance of Bungalows |
|---|---|---|
| A R Haywood | £6,313 | Administration |
5