1 ## **THE HALLATON AND ISABELLA STENNING TRUST** ## **CHARITY NUMBER: 216115** |Managing Trustee|Mr Peter Crewe| |---|---| |Trustees|Mr Peter Crewe| ||Mr Anthony Freestone| ||Mr Alistair Brook| ||Mrs Emma Smith| ||Mrs Helen James| ||Mrs Kerry Flavell| ||Mr Jim Bluck (to February 2020)| ||Mr Mark Frith (to October 2020)| |Offices|3 Dunmore Road| ||Market Harborough| ||LE16 8AZ| |Bankers|HSBC Bank PLC| ||15 High Street| ||Market Harborough| ||Leicestershire| ||LE16 7NN| |Independent Examiner|W J Turcan| ||Knights Farm| ||Hallaton Road| ||East Norton| ||LE7 9XF| 2 **THE HALLATON AND ISABELLA STENNING TRUST ANNUAL REPORT YEAR ENDED 31 DECEMBER 2020** ## **Structure and Governance** The Hallaton and Isabella Stenning Trust is governed by a scheme which was sealed by the Charity Commission on 11 October 2002. The charity’s trustees are as shown on page 1. ## **Objectives and Activities** The objects of the charity are to promote such charitable purposes for the benefit of the inhabitants of Hallaton and the surrounding area, as the trustees think fit. These include the provision and maintenance of Almshouses, the provision and maintenance of a Village Hall (Stenning Hall) and Recreation Ground, and the relief of poverty, the promotion of religion and education. ## **Financial Review** The receipts and payments account shows a deficit in the year of £102,954 compared to a surplus the previous year of £163,366. Cash balances at the year-end were £83,758 compared to £186,712 at the end of 2019. Total receipts were £127,996, compared to £317,131 in 2019. The 2019 receipts figure includes £230,000 from the sale of investments and, excluding this, the 2019 comparative figure would be £87,131. The 2020 receipts total included exceptional items of £53,222 (Covid Grants £31,222 and Loan £22,000). Total payments were £230,950, compared to £153,765 in 2019. Accounting was simplified by the amalgamation of the three separate accounts and also by deregistering from VAT for the Stenning Hall. In addition, the majority of payments are now made online rather than by cheque. A process of safety checks for introducing online bill payments was approved by the Trustees and external examiner. The coronavirus pandemic had a significant impact on the charity in 2020 reflected in the reduction of approximately £9,000 in income from trading activities. There was only one event (Film Night in February 2020); other planned events were cancelled. The Stenning Hall and Recreation Ground Pavilion remained closed for hire and other usage apart from one booking in a period of restriction lifting. Despite the coronavirus pandemic, maintenance at all premises continued as usual, with some brief suspensions to protect staff and residents. There was 1 major refurbishment at 22 North End with the end of the occupancy (£7,749.86). The bathroom at 16 High Street was modified by replacing the bath with a shower and a new WC fitted at a cost of £3,071.40. New boilers were installed at 11 Hog Lane, 15 Hog Lane, and 12 High Street at a cost of £5,650.00. At the Stenning Hall, stainless steel splashbacks were installed in the kitchen, and the handrail was repaired. New aerials were fitted at the North End cottages and also at 24 High Street (£2,757.00). The usual boiler inspections, chimney sweeps, and other maintenance/essential purchases continued as usual when coronavirus restrictions permitted. Annual services and essential maintenance were also carried out at both the Stenning Hall and the Recreation Ground. Expenditure, excluding development, was however reduced by some £20,000 from £91,000 in 2019 to £71,000 due to less frequent maintenance outgoings and lower activity costs. The scheduled increase by 1% of the Maintenance Contributions was paused due to the coronavirus pandemic. The greatest increase in expenditure in the year came from development cost of the new almshouse at Hunts Lane. Total development costs in the year amounted to £158,375, compared to £63,355 in 2019, an increase of some £95,000. Unexpected expenditure was the bad debt provision from one almshouse due to WMC arrears and subsequent legal proceedings. The trustees were satisfied with the activities during the year and the position at the year-end. They are confident that the charity can meet its liabilities whenever they fall due. ## **Public benefit** The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public ben efit when reviewing the Charity’s aims and objectives and in planning future activities. **Accounts approved by the Trustees on 26[th] July 2021.** 3 ## **THE HALLATON AND ISABELLA STENNING TRUST STATEMENT OF TRUSTEES ’ RESPONSIBILITIES YEAR ENDED 31 DECEMBER 2020** The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The 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 state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to: - Select suitable accounting policies and then apply them consistently; - Observe the methods and principles in the Charities SORP; - Make judgements and estimates that are reasonable and prudent; - State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; - Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that 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, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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. THE HALLATONAIID ISABELLA STENNINGTRU5r INDEPENDENT E¥AMINEW5 REPORTTOTHETRUST YEAR EMDED31 DECEMBER2020 I rwrontheaccountsoftt*charIty￿￿lVrenthd 31 D￿UMber2020*kn1th aresÈttyrtOn pBysStD The ¢hèrtLrfstrusteesare reSp)nSiblEfDrtt￿preplWwofIheaC￿Untt The£hariWstFU5teÈ5consK*r th* an ajdit isnotrryired lorthisy urthr$ett￿ 144(21 trfthethwiiie5•A 2011 (the 2011 ktl è indewndttrteyAminakn isrRethd. It i% myre5porfjtbltyto'. Ey3mine the accounts￿￿[s￿£t￿l1￿5OftheIoII•￿. Tofollowthe pro￿dUreS￿￿￿ inthe8￿￿ DvrcW6g￿fythecharftyctsMml￿(￿*Ys urtderseL%knN5 IS1(b￿thÈ2o1IAn." Ba%s 0flntht￿dente￿ine￿$r¢È MyexanHnathw wa5urrTed the￿r￿ts1 tMreLTK)n$8w trrfthe Chartycornmis￿oTh. An examination includes a revmyof thÈaccountu% record5kept thaiityanda (XThparo￿ ofthe accounts presented wth ttr￿e r￿Ord& ttaknlncl￿t0n$￿￿[￿nQlaTh¥WusUal itemsordlsc105ure5i thEaccountsand seekiw ExpLanation5fromyru astrus￿eSt0￿emi￿a￿V5vth matters. Tr* pro￿d￿￿$ undèrtaken do notprwdealtht E*idenceth#w￿d be reQ￿re￿ ill ￿ audita￿1 con5equenty Th)opin iSgi¥en as to vthethertheacc￿Jntspresèlt 3-lft*andfaie ¥1￿￿￿therep0rt k linit*dtotFK)Sètnatters Set0￿ In theststemert bdov_ IndependentEAamirerf55toten*rt 111 Vjhich &ve5 rne reas0nabk(a￿*tOt￿#*1nJrryMa￿ri01fe5pe£I￿ rtquiremEnts.. to kÈ*p3Lu￿nV￿g records lnatto￿an[e *TthsoLtion Wr4the2011A¢t., aTrJ to prÈpBrpaicoun15whtha(cord ¥*1tbt￿ accoufttiw retOrdIa￿I￿￿p￿4WIththeaC(oun￿n8 requirernentsofthe2011ALt kwThxb￿nrnetr, or 121 to thich in nyopinSon.attentltsnsPthld iTrrydwtoenablea properL￿Je1stath*n1tsf** CCOUDtsiobereached. WJTurtan Knth5Farnl Ea5r ￿￿[On LE7 9XF 23" lul¥2021 5 ## **HALLATON AND ISABELLA STENNING TRUST RECEIPTS AND PAYMENTS ACCOUNT YEAR ENDED 31ST DECEMBER 2020** |**RECEIPTS**
Notes
Trading Activities
3
Investment Income
4
Rents and Wayleaves
Maintenance Contributions
Sale of investments
Donations and Sponsorship
Grants Covid related
Loan, Covid related
Total Receipts
**PAYMENTS**
Direct Charitable
5
Other Expenditure
6
Total Payments
**NET RECEIPTS (PAYMENTS)**
Bank Balance 1st January 2020
Bank Balance 31st December 2020|2020
2019
5,907
13,458
1,359
3,246
1,058
1,150
66,412
68,812
230,000
38
465
31,222
22,000| |---|---| ||127,996
317,131| ||208,604
131,687
22,346
22,078| ||230,950
153,765| ||-102,954
163,366
186,712
23,346| ||83,758
186,712| YHE IIALLATON AND LWELLASIENNI￿TRL ATEMENTOFA5SETSAND iIABIUTtES YEAR ENDED31 ￿cEMBER2020 31 3141ec Market Harborou8h Buildi￿￿￿]￿ty Hseccurrentknowt IFI HSBC cvtrentkc0L￿ IStÈnnirgMall HSBC cU￿entA(COuntlReCrÈèt￿)nGr￿UndI Ca5hl5aviryAccount 35.163 4S.4L9 186,825 -2.730 2.049 35S 213 186,712 176 83.758 Othwassets InL￿￿n 1.029.42 COIF Owrit￿s In¥ests)ientFund Units 102.59 COIF (harh￿SI￿Ve5IMen1 FU￿ Unlts 624.030tharmwCotnmon Ir￿*StMentFu[Mt korne uTht5(BI￿ Rock) 110.(W M&G InvesknentstharibDF￿ thcornesha￿S IOA78.53 UK Eovty IrKorTre FLmd Share$ll￿￿5(0) Totsi 17.427 19,3(6 L192 136 11.13S 49,196 21J53 1,128 12. 14, 16,24 Stree¢ Hallat(>n 14 16. 18.20. 22. 24 North End. 11. 13. 15. 17. 19. 21 HogLane. Haltsion 13Hunts LanÈ, HalLiton Horn Lane. Hèlknton Ho8 Lanp. Hallaton HalL4ton EastNortOn Road. Halaton Ho8 Lare. Halaton Halbton Cotra8es Cotté8e5 ay Park nd at North End RetrEation Groundwith Pa*lKjna￿l Pèrish Store Iforrretymuseum BuSWTr lotmenrFie Forand on b￿a￿O1theTmlee5 I9Ju￿2021 7 **THE HALLATON AND ISABELLA STENNING TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST DECEMBER 2020** ## 1 **Accounting policies** The accounts have been prepared under the historic cost convention and in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 2005) as applicable to the smaller charity and all applicable accounting standards - a) income is accounted for on a cash received basis. - b) expenditure is accounted for on a cash paid basis. ## 2 **Trustees' Remuneration** No remuneration was paid to any trustee throughout the period. ## 3 **Income from Trading activities** |Hire of hall
Fund-raising activities
Insurance recovery
Miscellaneous
Prior year equipment refund
VAT recovered

4
**Investment income**
Dividends
Interest|**2020**
**2019**
3,712
8,191
1,098
4,072
100
306
30
15
320
967
554| |---|---| ||£ 5,907
£13,458| ||**2020**
**2019**
1,021
3,210
338
36| ||£1,359
£3,246| 8 ## **THE HALLATON AND ISABELLA STENNING TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) YEAR ENDED 31 DECEMBER 2020** |5
**Direct Charitable Expenditure**
Cottage maintenance & repairs
Cleaning & maintenance
Heat, light,water
Insurance
Uttensils & equipment
Development of new almshouse
Activities expenses
Grants
VAT paid
Miscellaneous
Rates paid ( Refunded)
Total Direct
6
**OTHER EXPENDITURE**
Administrative expenses
Finance charges
Total other|**2020**
**2019**| |---|---| ||23,580
17,189
15,497
33,247
2,247
3,897
5,977
5,517
158,375
63,355
1,306
6,749
1,114

149
637
359
1,096| ||208,604
131,687| ||22,181
20,606
165
1,472| ||22,346
22,078|