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THE HALLATON AND ISABELLA STENNING TRUST
CHARITY NUMBER: 216115
| Managing Trustee | Mr Peter Crewe (to October 2022) |
|---|---|
| Mr Anthony Freestone (from November 2022) | |
| Trustees | Mr Peter Crewe |
| Mr Anthony Freestone | |
| Mr Alistair Brook | |
| Mrs Helen James | |
| Mr William Vaughan | |
| Mrs Gillie Bexson | |
| Mrs Jayne Cook (from June 2022) | |
| 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 |
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THE HALLATON AND ISABELLA STENNING TRUST ANNUAL REPORT YEAR ENDED 31 DECEMBER 2022
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, the relief of poverty, and the promotion of religion and education.
Financial Review
The receipts and payments account shows a surplus in the year of £174,557 compared to a deficit the previous year of £14,375. Adjusted to exclude sale proceeds of a property and development costs, there was a deficit on other activities of £14,484. Cash balances at the year end were £243,940 compared to £69,383 at the end of 2021. Total receipts were £294,513 compared to £115,582 in 2021. Both years include sums which might be regarded as exceptional - in 2022, £206,402 from the sale of a property and £2,667 Covid grant, and in 2021 £10,407 from sale of investments and £30,117 of grants. Excluding these, the comparative figures for receipts are £85,444 in 2022, and £75,088 in 2021. The increase is accounted for by higher WMC of £71,756 vs £65,429 in 2021 and an increase in Activities income, up from £7,988 to £11,930. Total payments were £119,956 vs £129,957 in 2021, a reduction of £10,001. The major factor in the lower expenditure was a reduction in development costs of £6,694 with other smaller variances of £3,307. In September 2020 as part of the Covid support scheme, the Trustees agreed a loan of £22,000 from HSBC repayable on 24th September 2030 or earlier at the discretion of the Trustees, at 2.5% p.a , with interest paid by the Government for the first 12 months. Interest on the loan is now accruing on the account, and the charity has been making regular monthly repayments, supplemented by a one-off repayment of £1,000 in the current year. The balance outstanding on the loan was £18,259 at 31st December 2022.
2022 began with a degree of caution in light of the consequences of the Covid-19 pandemic and soaring costs. Hire charges for the Stenning Hall and Recreation Ground were raised by 10% in January and by a further 20% in November. Bookings and regular classes were still reduced; however, seasonal bookings from Barkby Cricket Club generated additional income. There were no events at the Stenning Hall, but funds were raised through a refreshment stall at the Classic Car Meets and through Bonfire Night, both events at the Recreation Ground being well-attended. Annual services and essential maintenance continued to be carried out at both the Stenning Hall and the Recreation Ground, the largest expenditure being the external decoration of the Pavilion and the installation of a new water tank. Similarly, the routine boiler inspections, chimney sweeps, and other maintenance at the cottages continued as usual. Bathrooms were refurbished at 17 Hog Lane and 21 Hog Lane with walk-in showers replacing the baths. Decorating was carried out at 16 High Street, 17 Hog Lane and 14 North End. Work was carried out on the garden at 20 North End. New boilers were installed at 16 North End, 19 Hog Lane, and 16 High Street. Fencing between 14 North End and Tower Cottage was replaced. The WMC was increased by 2% applicable from 1st January 2022. There was one short void at 12 High Street; with the sale of 24 High Street in March 2022 other voids and bills ceased. A grant of £1,600 was distributed amongst the almshouse residents as a contribution towards rising energy costs. A new lease was drafted with National Grid for the relocation of the electricity substation and a Valuation/Charities Act Report was commissioned to accompany submission of the new lease. Topographical, Archaeological, and Ground Investigation Reports together with an asbestos survey were carried out at the Hog Lane development site. Agreement was reached for the recovery of an outstanding debt (£199.47) to be paid in instalments. There was default of 4 months instalments on the Instalment Plan agreed in 2021, leaving a balance due of £6,032.14.
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 benefit when reviewing the Charity’s aims and objectives and in planning future activities.
Accounts approved by the Trustees on 15[th] August 2023.
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THE HALLATON AND ISABELLA STENNING TRUST STATEMENT OF TRUSTEES ’ RESPONSIBILITIES YEAR ENDED 31 DECEMBER 2022
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:
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Select suitable accounting policies and then apply them consistently;
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Observe the methods and principles in the Charities SORP;
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Make judgements and estimates that are reasonable and prudent;
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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 HALLATON AND ISABELLA STENNING TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES YEAR ENDED 31 DECEMBER 2022 I report on the accounts of the charity for the year ended 31 December 2022 which are set out on pages S to Respertlve re5ponslbllltle5 of trustees and examlner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audlt is not required for this year under section 144121 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It Is my responsibility to Examine the accounts under section 145 of the 2011 Act,. To follow the procedures laid down in the general Directions given by the Charity Commissioners under sertion14515llblof the 2011 Act; and To state whether particular matters have come to my attention. Basis of independent examinerfs report My examination was carried out in a¢cordante with the general Directions given by the Charlty Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with these records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any 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 fairt view and the report Is limited to those matters set out in the statement below.. Independent Examinerfs statement In connection with my examination, no matter has come to my attention.. 111 Which gives me reasonable Cause to believe that in any material respect the requirements.. to keep accovntinE records in accordance with section 130 of the 2011 Act,. and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met,. or 121 to which in my opinion, attention should be drawn in order to enable a proper understanding of the counts to be reached. WJ Turcan Knights Farm Hallaton Road East Norton LE7 9XF IS, August 2023
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HALLATON AND ISABELLA STENNING RECEIPTS AND PAYMENTS ACCOUNT YEAR ENDED 31[ST] DECEMBER 2022
| RECEIPTS Notes Trading Activities 3 Investment Income 4 Rents and Wayleaves Maintenance Contributions Sale of investments Donations and Sponsorship Grants Covid related Sale of cottage Total Receipts PAYMENTS Direct Charitable 5 Other Expenditure 6 Total Payments NET RECEIPTS (PAYMENTS) Bank Balance 1st January 2022 Bank Balance 31st December 2022 |
2022 2021 11,930 7,988 773 650 973 970 71,756 65,429 10,407 12 21 2,667 30,117 206,402 |
|---|---|
| 294,513 115,582 |
|
| 98,953 105,786 21,003 24,171 |
|
| 119,956 129,957 |
|
| 174,557 -14,375 69,383 83,758 |
|
| 243,940 69,383 |
THE HALLATON AND ISABELLA STENNING TRUST STATEMENT OF ASSETS AND LIABILITIES YEAR ENDED 31 DECEMBER 2022 2022 2021 Monetary Assets Market Harborough Building Society HSBC 239,281 45,665 4,609 23,542 50 176 Petty cash TOTAL 243,940 69.383 Liabilities Covid related Loan HSBC Bank Balance at 31st December 2022 18,259 21,453 Non-monetary Assets Other assets Inon*ndowedl 2022 2021 Shares 1,029.42 COIF Charities Investment Fund Income Units 102.59 COIF Charities Investment Fund Accumulation Units Total 18,683 22,609 41,292 21,140 24,844 45,984 Land and Pfoperty Cottages Cottages Cottages Cott3ges Stenning Hall Play Park Land at North End Recreation Ground with Pavilion and 2 tennis courts Parish Store (formerly Museum Building) Allotment Field 12, 14, 16 High Street, Hallaton 14, 16, 18, 20, 22, 24 North End, Hallaton 11, 13, 15, 17, 19, 21 Hog Lane, Hallaton 13 Hunts Lane, Hallaton Horn Lane, Hallaton Hog Lane. Hallaton Hallaton East Norton Road, Hallaton Hog Lane, Hallaton Hallaton Mr Alistair Brook For and on behalf of the Trustees 15 August 2023
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THE HALLATON AND ISABELLA STENNING TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST DECEMBER 2022
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 4 Investment income Dividends Interest |
2022 2021 5,592 3,193 6,205 4,150 107 483 26 162 |
|---|---|
| 11,930 7,988 |
|
| 559 555 214 95 773 650 |
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THE HALLATON AND ISABELLA STENNING TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) YEAR ENDED 31 DECEMBER 2022
| 5 Direct Charitable Expenditure Cottage maintenance & repairs Cleaning & maintenance Heat, light,water Insurance Uttensils & equipment Development of new almshouse Activities expenses Grants Loan repayments Miscellaneous Total Direct 6 OTHER EXPENDITURE Administrative expenses Finance charges Total other |
2022 2021 |
|---|---|
| 36,983 40,489 23,271 23,018 3,338 2,950 7,141 7,328 2,204 431 17,321 24,015 2,348 2,744 1,600 4,232 3,698 683 1,049 579 |
|
| 98,953 106,469 |
|
| 20,767 23,313 236 175 |
|
| 21,003 23,488 |