Hind Sisters Homes Financial Statements for the year ended 31st March 2025 Charity No 26440 Ireland6tompany Chartered Accountants
Hlnd Sister Homes Financial Statements 31st March 2025 Charities Act 1993 Financial Statements Hind Sisters Homes Cropston. Leicester Registered Number 26440 Report of the tru5tee5 for the year ended 31st March 2025 The trustees Present their report along with the financial statements of the charity for the year ended 31st March 2025. The financial staternents have been prepared in accordance with the accoLtnting policies set out in note I to the accounts and comply with the chartty's trust deed. the Charities Act 2011 and the Ststement of Recommended Practice ISOAPI= Accounting and Reporting by Charlties IFRS 1021. 1. Structurej governance and management 111 The Charity was set up on 5th December 1924 by order of the High Court ofjust1. Chaneery Division. 121 The principal aim of the Charity was to erett. decorate. fumish and maintain almshouses. There have been no changes in this objertive during the year. 131 The particulars of the Tru5tee5 are noted below.. Name Stephen J Burrows Raymond Hale Revd. Matthew Gough Jeremy Clear Susanne Grantham Mrs Jane Westbv Mrs Anita Highet Address Cropstone House, Cropston. teicestershi The Stable5. 105 Main Street. Nailstone. Leicestershire l Hurds Close. Anstey. Lwcester 61 Anstey Lane. Thurcaston. Leicester 137 The Ridings. Rothley. Leicestershire 40 Leicester Road. Thurcaston. Leicestershtre Red House. 12 West End. Long Whatton (appointed 08104120241 141 Clerk tothe trustees Mrsj Friswell 151 The professional advisers of the thartty a as tollows=_ Solicitors Currentty vacant Bankers HSBC Bank plc. 31 Granby Street. Leicester LEI 6EP Accountants Iland & Company LIM[1. 2 Nursery Court. Kibworth Harcourt Leicester LE8 OEX Architects Currentfyvacant
Hind Sister Home5 rinan¢ial Statements 31st March 2025 Trustees, report Year ended 31st March 2025 OblertS¥es and a¢tlvlties The objectives of the tharity have remained unchan8ed throu8houtthe period. The Almshouses have been maintained and made available to suitable occupants in accordance wtth the aims ol the scheme. Review of the year The fi¥st full year with our new warden and liaison trustee has seen a welcome increase in the use of the residents, lounge for recreational use and this is bringing about a 8Teater social cohesion. A review of the accornmodation has shown a need for some structural improvements and living accommodation needs resulting in an increase in our dirett expenditure from £39.432 to £45.807. This included an increase of £5.715 on maintenance arbd decoration. Overall aftertsking into account an increase of £2,921 in snvestment income our outgoing resources shown an irtcrease oF£31.004. Our accoynls show a reduttion in funds of £75.129. This has mainly been brought about by the worldwide reductions in investrnentvaluation5. Our investment ptsrtfolio has kept in line with the performance of the various lative indicators. Trustees. POnbIlitieS In relation tothe finandal statements The law applicable to charities in Enand and Wales requires the trltstees to prepare financial statemènts for each financial year which give a true and fairview of the charity's financlal activfties during the year and of tts financial posttion at the end of the year. In preparinE financial ststements giving a true and fair view. the trustees should follow best practice and.. select suitable accounting policie5 and then apply them consistently.. make judEemeftts and estimates that are reasonable and prudent." state whether applicable accounting5tandards and ststement5 of recommended practice have been followed, subjertto any departures disclosed and explained in the financial 5taternents- and prepare the financial statements on the going COnM basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping aecountin8 records which disclose with reasonable accuracy the financial position of the charity and which enable them to ascertain the financial position of the Chartty and whith enable them to ensure that the financial statements comply with the Charities Act 2011. the Charity (Accounts and Reports) RegulatlOll5 and the prov5sions of the trust deed. The trustees are responsible for safeguarding the assets of the charity and hence for ta'n£ reasonable steps forthe prevention and detection of fraud and her irregularities. Investment and Risk Poli¢y The Trustees completed their review ofthe investment poliry and no changes have been made.
Hirtd Sister Homes Flnanclal 5tatemertts 31st March 2025 Reser¥es Poll¢¥ The cost of the property refurbishment was met by a disposal of 5haTes to provide additional liquid fund5 and the transfer olfunds from the Church of England Depostt fund to the Charity's current account with HSBC. Approved by the trustees on 6th October 2025 and signed on their behalf by= R Hale ChairmaTh
Hlnd Sister Homes Finanoal Statements 31st Mar¢h 202S Independent Examiner's Report Independent Examlner's Rewrt tothe Trustees of the Hlnd Slsters Homes Charity I report to the tmstees on my examination of the accounts of Hind &"sters Homes Charity for the year ended 31st March 2025 set out on pages S to 9. Responsiblllties and basis of report As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charibes Act 20111'theAtt'I. l Teport in respect of my exarnination of the Charity's accounts carried Out under section 145 of the Act and carrying out my examination I have followed all the applicable direttions given by the Charity Commission under section 1451Sllbl of the Act. Independent examiner's ststement I have completed my examination. I confim that no material matters have come to my attention in connection with the examination giwng me cause to believe that in any rnaterial respect.. Accounting record5 were not kept in respect of the Cha¥Èty as quid by section 130 ofthe Att,. or the accounts do not accord with those record5- or Ihe accounts do not compEy vrith the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reportsl Regulations 21YJ8 other than any requirementthat the accounts give a'true and fairwew which is not a matter considered as part of an independent examination,. I have no concerns and have come across no other matters in connechon the examinatio to which altention should be drawn in ths report in orderto enable a proper understandin8 of the accounts to be reached. Irelad and Company 2 Nursery Court Kibworth Harcourt Leicester LE8 OEX Date
Hind Sister Homes Financial statements 31st March 202S Statement of financial activities for the year ended 31st March 2025 Total Restritted Unrestricted Funds Funds 2025 Total Funds 2024 Note Income and eXpendIre Intomln8 Resour¢es Donations Investment income Dividends and interest Interest on deposit Other iTrcome Total incoming resources 32.229 1.208 315 33.752 32.229 1208 315 33,752 29,676 315 30,831 Resources expended Direct charitable expenditure M3n8gement and administration of the charity Total SOurceS expended 45.807 18.950 4S.807 18,950 39.432 18,268 64.756 64,756 57,7(K> Net incomin8/loutgoan£l resources for the year 131,1J)41 131,¢J)41 126,8691 Other recognlsed galns and1055e5 Unrealised gainslllossesl on investment assets 145.7871 145.787} 99.633 Realised gains/llossesl on investment assets 1.662 1.662 2.748 Net movement in fvnds 175.1291 175,1291 75.512 Fund balances brought forward at 1st April 2024 Fund balances carried foiward at 31st March 2025 42.545 1,396,433 IA38,978 1,363,468 42,545 1,321,304 1363,849 1,438,978
Hind Sister Homes Financial Statements 31st March 2025 Balance Sheet 31st March 2025 Note Z025 2024 Flxed assets Tangible frrted assets Investments 117,758 117.758 1.198,356 1.236.349 1316.114 1.354.107 Current assets Debtors Cash at bank and in hand 8.291 79,064 87.355 50.057 Credltors.. Arnounls falling due within one year 12.3231 12,4861 Net current 35sets 47.734 84,870 Net assets 1363.849 1.438.978 Funds Restricted Unrestricted 42,545 42.545 1321,304 1,396,433 1.363.849 1.438.978 The note5 on page5 6-9 form part of these accounts. Approved by the Trustees on 6th October 2025 and signed on their behalf by.. Hale ChaiTman
Hind Sister Homès Financial Statements 31st March 2025 Notes to the financial statements for the year ended 315t March Z025 Accounting policies Basls of preparatlon The financial statements have been pPared under the historic cost convention, with the exception of investments which a included at market value. The financial statements have been prepared in accordance with the statement of Recommended Practitt ISORPI: Accounting and Reporting by Chartties IFRS 1021 and applicable UKAccounting Standards and the Charities Acr 2011. Donations Donations are credited to capit31 account exceptwherethe donor expres5es a desire for the gift to be treated as intome. Investments income Income from investments is accounted for when due and payable. Freehold land and bulldlnBS Freehold land and buildings are included at origiftal cost. Depreciatlon Depreciation is only provided on Guest room fvTnishings. The Twstees have adopted programme of reRular repairs such that a depreuation £harge on the freehold land and building is inappropriate. Investments Investments are stated at rnarketvalue at the balance sheet date. The SOFA include5the net gains and losses arisin8 on ievaluation and d[spa throughout the year.
Hlnd Slster Homes Financial Ststements 3tst March 2025 Notes to the financlal ststemer for the year ended 31st March 2025 (continued) Dirert tharitable expenditure 2025 2024 Unrestricted Funds Wardens wages Warder¢s pension costs Council ta& water rate5 and Helpline Electricitv Telephone. les5 arnounts received Insurances Contrart 83rdeninR Television licence Legal fees Repairs and renewals.- Sundry repairs, maintenance and decorating Sundries iO,IM 9.897 66 6,523 2.105 616 1.550 6.840 1301 7349 1.680 562 I86 6,731 200 16,913 674 11,198 667 45,7 39,432 Management and adminlstratlon ofthe tharity 2025 2024 Clerk's Salary and fees Accountancy fees Investment and Bank charges 8.2410 1.734 8.975 8.000 1.800 8.468 18.950 18.268
Hind Sister Home5 Financial Statements 31st Marth 2025 Note5 to the financial statements for the year ended 31st Mar¢h 2025 (Continued) Funds Opening Net Closing balance movements balance in fvnds Restricted Capital -represented bytangiblefixed assets 42.54S 42.$45 Unrestricted Capital Income 1.4C6.434 iio.coii 144.1241 1.362.310 131,CIMI 141.OJ51 Totsl 1.438.979 175,1291 1,363,849 Tanglble fixed assets Freehold land at Furnishing Cropston Building fvrnishings of houses Guest Total Book cost at 31st March 2024 and 31st MaTch 2025 1.550 116.2(I5 2.453 120,210 Accumulated deprlatIOn at 31st March 2024 Char8e 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 Official Custodian for Charities.
Hlnd Slster Home5 Financial Statements 31st March 2025 Notes to the financial statements for the year ended 31st March 2025 {continuedl Fixed asset inve5trnents Capital Account Income Account Total Quoted investments Market value 1st April 2024 Purchases Sales Net realised g3inslllossesl Net unreali5ed gain5111055e51 1.236.349 176,437 1170,3061 1.662 145.7871 1.236.349 176.437 I170,3() 1,662 145.7871 Mark•t value 31st Mar¢h 2025 1,198,356 0 1,198,356 Historical c05t a5 at 315t March 2025 1.057.032 0 1.057.032 2025 2024 Debtors Prepayments Other debtOTS Brewin Dolphin 2,699 835 4.757 315 4.570 5A89 8.291 Bank balarKes and deposlts 2025 2024 HSBC Bank Current account S,906 Central Board of Finance Deposit account Brewirn Dolphin 20,043 18,693 23.835 49.323 44,$68 79.064 io
Hind Sister Homes Financial Statements 31st March 2025 Notes to the financial statements for the year ended 31st March 20251continued Creditors: Amounts fallin8 dut wthin one year 2025 2024 Accountancy fees Other creditors 1,362 961 1.297 1,189 2.323 2,486 li