Hind Sisters Homes Financial Statements forthe year ended 31st March 2024 Charity No 26440 Ireland6tompany Chartered Accountants
Hlnd Slster Homes Financial Statements 31st Marth 2024 Charities Act 1993 Flnancial Statements Hind Sisters Homes Cropston, Leicester Registered Number 26440 Report ot the trustees for the year ended 31st March 2024 The trustees presenttheir report along with the financial statements of the charity forthe year ended 31st March 2024. The financial statements have been prepared in accordance with the accounting policies set out in note I to the accounts and comply with the Charity's trust deed, the Charities Act 2011 and the Statement of Recommended Practice ISORPI.. Accounting and Reporting by Charities IFRS 1021. l. Strurturei governan¢e and management 111 The Charity was set up on 5th December 1924 by order of the High Court of Justicè, Chancery Divislon. 121 The principal aim of the Charity was to erect, decorate, furnish and maintain almshouses. There have been no changes in this objective during the year. 131 The particulars of the Trustees are noted below.. Name Stephen J Burrow5 Raymond Hale June Hallam Revd. Matthew Gough Christine North Jeremy Clear Susanne Grantham Mrs Jane Westby Addrèss Cropstone House. Cropston. Leicestershlre The Stables, 105 Matn Street, Nailstone, Leice5ter5hire l Quorn Mill. Weavers Close. Quorn, Loughborough (resigned 10th July 20231 The Rertory. 157 Main Street. Swithland, Leicestershire 137 Station Road, Cropston, Leicestershire IresiÉned 10th july 20231 61 An5tey Lane, Thurcaston. Leicester 137 The Ridings, Rothley, Leicestershire 40 Leicester Road. Thurcaston. Leicestershire (appointed 27th March 20231 141 Clerk to the trustees Mrs l Friswell 151 The professional adviser5 of the charity are as follows:_ Solicitors CurTently vacant Bankers HSBC Bank plc. 31 Granby Street, Lelcester LEI 6EP Accountants Ireland & Company Limited. 2 Nursery Court, Kibworth Harcourt Leicester LE8 OEX Archltects Currently vacant
Hlnd Slster Homes Financial Statement5 3tst March 2024 Trustees, report Year ended 31st March 2024 Oblectlves and actSvltles The objectives of the charity have remalnèd unchanged throughout the period. The Almshouse5 have been maintained and made available to suitable occupants in accordance with the alms of the scheme. Revlew of the year We are pleased to report another Successful year with income remaining at similar levels as previou5 years and overall runnin8 costs showing a slight reduction. The investment portfolio has continued to perform In Ilne with expectations. We continue to review the condltlon of the estate cottages and schedule any necessary repairs and improvements. It is encouraging to report that we continue to operate at full capacity. Trustees, responsibilities in relation to the financial statements The law applicable to charities in England and Wales requires the trustees to prepare financlal statements for each financial year which @ive a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and falr view, the trustees should follow best practice and.. select suitable accounting policie5 and then apply them consistently,. make judgements and e5timate5 that are reasonable and prudent.. state whether applicable accounting standard5 and statement5 of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements,. and prepare the financial statements on the Eoing concem basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping accounting records which disc105e with reasonable accuracy the financial position of the charity and which enable them to ascertain the financial p051tion of thè Chartty and which enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations and the provisions of the trust deed. The trustees are responsible for safeguardin8 the a55ets of the charity and hence for taking reasonable Steps for the prevention and detection of fraud and other irregularities. Investment and Rlsk Pollcy The Trustees completed their review of the investment policy and no changes have been made.
Hind Slster Homes Flnanclal Statement5 31st March 2024 Reserves Pollcy The cost of the property refurbishment was met by a disposal of shares to provide additional liquid funds and the transfer of funds from the Church of England Deposit fund to the Charity's current account with HSBC. Approved by the trustee5 on and signed on their behalf by.. R Hale Chairman
Hind Slster Homes Financial Statements 31st March 2024 Independent Examiner's Report Independent Examiner's Rèport to the Trustees of thè Hind Sisters Homes Charitv I report to the trustees on my examination of the accounts of Hind Si5teis homes Charity for the year ended 31st March 2024 set out on pages 4 to 9. Responsibilities and basls of report As the charity trustees of the Trust you are responsible for the preparation of the accounts In accordance with the requirements of the Charities Act 20111'the Act'l. I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 14515llbl of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to mv attention in connectlon wlth the èxamination glvlng me cause to believe that in any material respect.. Accounting records were not kept in respect of the Trust as required by section 130 of the Act., or the accounts do not accoid with those records.. or the acco(Jnts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reportsl Regulations 2008 other than any requirernent that the accounts give a 'true and fair view which is not a matter considered as part of an Independent examination.. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper under5tandin8 of the accounts to be reached. es. W. Ireland rsery Court Kibworth Harcourt Leicester LE8 OEX Chartered Accountant Date l . Ix.z+
Hlnd Sister Homes Financial Statements 31st Marth 2024 statement of financial activities for the year ended 31st March 2024 Totsl Restricted ijnrestricted Funds Funds 2024 Total Funds 2023 Note Income and expenditure Incomin8 Resource5 Donations Investment Income Dividends and interest Interest on deposit Other income Total incoming resources 29,676 840 315 30,831 29,676 31,370 482 315 32.167 315 30,831 Resources expended Direct charitable expenditure Management and admini5trHtion of the charitv Total resources expended 39.432 18.268 39,432 18,268 43,147 16,223 57,7CXJ 57.700 59.369 Net incominglloutgoin81 resources for the year 126,8691 126,8691 127,2021 Other recognlsed galns and losses Unrealised gainslllossesl on Investment assets 99,633 99,633 127.1211 Realised gainslllossesl on Investment assets 2.748 2.748 124.9851 Net rnovement in funds 75.511 75.511 179.3081 Fund balances brought fOnard at 1st April 2023 Fund balance5 carried forward at 31st March 2024 42,545 1,320,923 1,363,468 1,442,776 42.545 1.396,433 1,438,978 1,363,468
Hind Sister Home5 Finan¢lal Statements 31st March 2024 Balance Sheet 31st March 2024 Note 2024 2023 Flxed assets TanEible fixed assets Investments 117,758 117.758 6 1.236,349 1,176,824 1.354.107 1,294,582 Current assets Debtors Cash at bank and in hand 8.291 79,064 87,356 9,450 61.183 70,633 Credltors: Amounts falling due within one year 12,4861 11,7491 Net current a55ets 84.870 68,883 Net assets 1.438.978 1,363,467 Funds Restricted Vnrestricted 41545 42,545 1.396,433 1.320.922 1.438.978 1,363,467 The notes on pages 6-9 form part of these accounts. Approved by the Trustees on V and signed on their behalf by.. R. Hale Chairman
Hind Slster Homes Flnancial Statements 31st Marth 2024 Note5 to the financial statements for the year ended 31st March 2024 Atcounting policie5 B3515 of preparation The financial statements have been prepared under the historic cost convention. with the exception of investments which are included at market value. The financial statements have been prepared in accordance with the statement of Recommended Practice ISORPI.. Accounting and Reporting by Charities IFRS 1021 and applicable UK Accounting Standards and the Charities 2011. Donations Donations are credited to capital account except where thè donor exprèssès 3 desire for the grft to be tre3ted as income. Investments income Income from investments is accounted for when due and payable. Freehold land and bulldlngs Freehold land and buildings are included at original c05t. Depretiation Depreciation is only provided on Guest room furnishing5. The Trustees have adopted a programme of regular repairs such that a depreciation charge on the freehold land and building 15 inappropriate. Investments Investments are stated at market value at the balance sheet date. The SOFA includes the net gains and losses arising on revaluation and di5POsals throughout the year.
Hind Sister Home5 Flnanclal Ststements 3tst March 2024 Notes to the financlal statements for the year ended 31st March 2024 Icontinuedl Dlrect charltable expendlture 2024 2023 Unrestricted Funds Wardens wages Wardens penslon costs Council tax. water rates and Helpline Electricity Telephone. less amounts received Insurances Contract 8ardenin8 Television licence Legal fees Repairs and renewals.. Sundry repairs. maintenance and decoratin8 Sundries 9,897 66 6,523 2,105 616 1.550 6,840 1301 9,692 6,580 1,626 1,023 1,567 6,520 68 11.198 667 15,622 449 39,432 43.147 Management and admlni5tratlon of the charity 2024 2023 Clerk's salary and fees Accountancy fees Investment and Bank ¢harges 8,000 1,800 8,468 8,000 1,554 6,669 18,268 16,223
Hind Sister Homes Flnanclal Statements 315t March 2024 Notes to the financial ststements for the year ended 31st March 2024 {continuedl Funds Opening Net Closing balance movements balance in funds Restricted Capital -represented by tangible fixed assets 42,545 42.545 Unrestricted Capital Income 1,304,054 16,868 102,380 1,406,434 126,8691 110,0011 Total 1,363,468 75,511 1,438,978 Tanglble fixed assets Freehold land at room Furnishing Cropston Building furnishings of houses Guest Total Book cost at 31st March 2023 and 31st March 2024 1,550 116.206 2,453 120.210 Accumulated depreciation at 31st March 2023 Charge for the year 2,452 2,452 2,452 2,452 117,758 Net Book Value 1,550 116,206 The site at Cropston. for almshouses, Containing 6 acres 3 rood5 11 poles is vested in the Off&cial Custodian for Charities.
Hind Sistèr Homes Flnanc5al Statements 315t March 2024 Notes to the flnanclal statements for the year ended 31st March 2024 Icontinuedl Flxed asset Investments Capital Account Income Account Total Quoted Investments Market value 1st April 2023 Purchases Sales Net realised gain51llossÈsl Net unrealised gains/llossesl 1,176,824 234,428 1277.2831 2,748 99.633 1,176,824 234.428 1277,2831 2,748 99.633 Market value 31st March 2024 1.236,349 0 1,236,349 Historical cost a5 at 31st March 2024 1,035,070 0 1,035,070 2024 2023 Debtors Prepayments Other debtors Brewin Dolphin 2,699 835 4,757 2,589 922 5,939 8,291 9,450 Bank balances and deposlts 2024 2023 HSBC Bank Current account 5.906 6.179 Central Board of F4nantè Deposit account Brewin Dolphin 23,835 49.323 22,995 32.OQ8 79,064 61,183 io
Hind Slster Homes Financial Statements 31st Marth 2024 Notes to the financial ststement5 for the year ended 31st March 2024 {continuedl Creditors.. Amounts falling due within one year 2024 2023 Accountancy fees Other creditors 1.297 1,189 1.230 519 2,486 1,749 li