## **Independent examiner's report on the accounts**
## **Section A Independent Examiner’s Report**
**Report to the trustees/** Charity Name **members of** The Samuel Bernard Frost Charity **On accounts for the year** 31[st] March 2022 **Charity no** 216113 **ended (if any) Set out on pages** (remember to include the page numbers of additional sheets)
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/03/2022.
**Responsibilities and** As the charity trustees of the Trust, you are responsible for the preparation **basis of report** of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
- accounting records were not kept in accordance with section 130 of the Act or
- the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
* _Please delete the words in the brackets if they do not apply._
**Signed:** L S Turner **Date:** 24[th] January 2023 **Name:** Louise Turner **Relevant professional** Association of Chartered Certified Accountants **qualification(s) or body (if any): Address:** LST Accountancy Limited 32 Quorn Close Loughborough, LE11 2AW
**October 2018**
**IER**
1
**Section B Disclosure**
Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
**Give here brief details of any items that the examiner wishes to disclose** .
**October 2018**
**IER**
2
**THE SAMUEL BERNARD FROST CHARITY**
## **ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022**
The trustees present their report together with the financial statements for the year ended 31 March 2022. The financial statements comply with the charity's trust and applicable law.
## **Constitution and objects**
The Samuel Bernard Frost Charity is constituted under a trust deed dated 20 July 1928 and is a registered charity no. 216113.
The charity exists to provide housing in eight pre-existing bungalows. The objects are to maintain these properties for current and for future residential use. Residents qualify for accommodation by satisfying certain conditions including those of being a poor person of age 60 upwards, being an inhabitant of Loughborough and a preference is given to those who profess the Roman Catholic religion.
## **Reserves policy**
It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at such a level to provide sufficient funds to cover the management and administration of the day-to-day running and to be able to respond to any emergency repairs that may arise.
## **Investment policy**
The trustees have considered the most appropriate policy for investing funds and have found that specialised unit trusts, designed for the charity sector, meet their requirements to generate both income and capital growth.
## **Trustees' responsibilities in relation to the financial statements**
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the year end. In preparing those financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements; and
- 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 accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. 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.
Approved by the trustees on 24 January 2023 and signed on their behalf by:
Mrs M C Hunt
(Trustee)
Mrs A Murphy
(Trustee)
||**The Samuel Bernard Frost Charity**
**Charity Name**|**The Samuel Bernard Frost Charity**
**Charity Name**|**The Samuel Bernard Frost Charity**
**Charity Name**|**The Samuel Bernard Frost Charity**
**Charity Name**|**CC16a**|
|---|---|---|---|---|---|
||**For the period**
**from**|**01/04/2021**
Period start date|**To**|||
|||||||
|**Section A Receipts and payments**||||||
|**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest**
**£**
**33,749**
**1,206**
**-**
**-**
**-**
**-**
**-**
**-**
**34,955**
**-**
**-**
**-**
**34,955**
**11,559**
**2,461**
**3,500**
**1,822**
**-**
**164**
**2,892**
**722**
**369**
**89**
**23,578**
**-**
**-**
**-**
**23,578**
**11,377**
**-**
**26,498**
**37,875**|**Restricted**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Endowment**
**funds**
**to the nearest £**|**Total funds**
**to the nearest £**
**33,749**
**1,206**
**-**
**-**
**-**
**-**
**-**
**-**
**34,955**
**-**
**-**
**-**
**34,955**
**11,559**
**2,461**
**3,500**
**1,822**
**-**
**164**
**2,892**
**722**
**369**
**89**
**23,578**
**-**
**-**
**-**
**23,578**
**11,377**|**Last year**
**to the nearest £**|
|Rents received|||**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**||**29,571**|
|Investment Income|||||**1,144**|
|Grant|||||**3,000**|
|Other incomingresources|||||**-**|
||||||**-**|
||||||**-**|
||||||**-**|
||||||**-**|
|**_Sub total_**_(Gross income for_
_AR)_|||||**33,715**|
|||||||
|**A2 Asset and investment sales,**
**(see table).**||||||
||||**-**
**-**
**-**|||
||||||**-**|
|**_Sub total_**|||||**-**|
|**_Total receipts_ **
**A3 Payments**||||||
||||**-**||**33,715**|
|||||||
|Property maintenance|||**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**||**44,331**|
|Gardening|||||**2,175**|
|Honorarium|||||**3,499**|
|Insurance costs|||||**1,780**|
|Legal costs|||||**2,323**|
|Council Tax|||||**3,868**|
|Water Rates|||||**2,524**|
|Light and Heat|||||**362**|
|Subscriptions|||||**179**|
|Sundries|||||**106**|
|**_Sub total_**|||||**61,147**|
|||||||
|**A4 Asset and investment**
**purchases, (see table)**||||||
||||**-**
**-**
**-**|||
|||||||
|**_Sub total_**|||||**-**|
|**_Total payments_**
**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_**||||||
||||**-**||**61,147**|
|||||||
||||
**-**||**- 27,432**|
||||**-**
**-**|**-**
**26,498**|**-**|
||||||**53,930**|
||||
**-**|**37,875**|**26,498**|
CCXX R1 accounts (SS)
25/01/2023
1
|**Section B Statement of assets and liabilities at**|**Section B Statement of assets and liabilities at**|**the end of the period**||
|---|---|---|---|
|**Categories**
Signed by one or two trustees on
behalf of all the trustees
**B1 Cash funds**
**B2 Other monetary assets**
**B4 Assets retained for the**
**charity’s own use**
**B5 Liabilities**
**B3 Investment assets**|Signature
Accountancy
**Details**
**Details**
Property
CCLA COIF
Current Account
**Details**
**Details**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
Loughborough BS - savings
**Details**
Investment Portfolio:-
Black Rock
M&G|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**37,875**
**-**
**-**
**-**
**-**
**-**
**37,875**
**-**
OK
OK
**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**13,561**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**unrestricted**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
unrestricted
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**
unrestricted
**282**
**-**
**-**
**-**
**-**
Print Name
M C Hunt
A Murphy|**Endowment**
**funds**
**to nearest £**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||OK|
||||**Endowment**
**funds**
**to nearest £**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**Current value**
**(optional)**|
|||||
||||**32,255**|
||||**745**|
||||**9,485**|
||||**-**|
||||**Current value**
**(optional)**|
||||**890,000**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**When due**
**(optional)**|
|||||
|||||
|||||
|||||
|||||
|||||
||||Date of
approval|
|||M C Hunt|24/01/2023|
|||A Murphy|24/01/2023|
CCXX R2 accounts (SS)
25/01/2023
2