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2022-03-31-accounts

Charity Registration No. 216594

LEICESTERSHIRE AND RUTLAND COUNTY NURSING ASSOCIATION TRUSTEES’ REPORT AND ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

SOMERBYS LIMITED CHARTERED ACCOUNTANTS 30 NELSON STREET LEICESTER LE1 7BA

LEICESTERSHIRE AND RUTLAND COUNTY NURSING ASSOCIATION

LEGAL AND ADMINISTRATIVE INFORMATION

Charity number 216594
Trustees Mrs CM Wessel (Chair)
Mrs J Pochin
Mr D Knowles
MrsS Illsley
Mrs
J Wood
MrD Wood
Mr D Surtees
Mrs S Freeman
Mrs S Fish
Treasurer Mr E Cofflin
Secretary Mrs R Cufflin
Principal address Mercury Place
St George Street
Leicester
LEI 1QG
Accountants Somerbys Limited
30 Nelson Street
Leicester
LE] 7BA
Bankers Bank ofScotland
PO Box 1000
BX2 1LB
Investment Advisers Charles Stanley& Co
Mercury Place
St George Street
Leicester
LE]1QG

ao AND RUTLAND COUNTY NURSING ASSOCIATION

CONTENTS

Trustees’ report 1-2
Independent examiner’s report 3
Statement offinancial activities 4
Balance sheet 5
Notestotheaccounts 6-8

LEICESTERSHIRE AND RUTLAND COUNTY NURSING ASSOCIATION

1

ANNUAL REPORT YEAR ENDED 31 MARCH 2022

Structure, Governance and Management

The charity is regulated by a Scheme of the Charity Commissioners dated 5 February 1979 as amended by schemes dated 7 January 2005 and | November 2013 and as amended by a Resolution dated 9 March 2005.

Method ofappointment of trustees

The 1979 Scheme provides for a maximum of ten trustees. The amended Scheme further provides that the trustees shall be competent persons who through residence, occupation, or employment have special knowledge of the counties of Leicestershire and Rutland. Where there is a requirement for new trustees, these would be identified and appointed by the remaining trustees. Policies and procedures for induction and training of trustees The Chairman of trustees is responsible for the induction of any new trustee. This training would include awareness of trustee responsibilities, the governing Schemes, administrative procedures, and the history, philosophical and moral approach of the charity. In addition, at the first few meetings attended by a new trustee, the Chairman would give him/her ample opportunity for questions and explain agenda items more fully than usual.

Organisational structure and how decisions are made

The charity is composed of its trustees, a secretary and a treasurer; the two latter receive annual honoraria. In addition, the charity takes investment advice from Charles Stanley, a firm of stockbrokers.

Decisions are made by the trustees, who when necessary, take advice from their stockbrokers, or outside agencies.

Riskfactors

The charity has continued to examine the major strategic, business and operational risks which it faces. When risks have been identified it has devised and implemented systems to mitigate any exposure.

Objectives and Activities

The charity’s objects are to provide aid to persons employed in or formerly employed in the nursing profession in the Counties of Leicestershire and Rutland and who through age, ill health, accident or infirmity are unable to maintain themselves, and also to provide relief to those persons resident in the Counties of Leicestershire and Rutland who are sick, convalescent, disabled, handicapped or infirm, and who are not readily able to obtain support from other sources with a preference for persons employed or formerly employed in the nursing profession.

The policies adopted in furtherance of these objects were updated by the 2013 Scheme.

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 and that they remain committed to supporting former district nurses employed in the Counties of Leicestershire and Rutland and also those persons resident in the area who require assistance, as detailed more fully above.

LEICESTERSHIRE AND RUTLAND COUNTY NURSING ASSOCIATION

2

ANNUAL REPORT YEAR ENDED 31 MARCH 2022

Investment policy

The trustees’ policy is to adopt an investment strategy consistent with securing agreed income and capital returns on the investments.

Achievements and Performance

During the year the charity made donations and grants totalling £61,250 (2021 - £65,000). The total income for the year was £52,934 compared to £51,042 for the previous year.

Free Reserves Policy

It is the trustees' continuing aim to maintain the free reserves at approximately six months income, so as to ensure sufficient cash flow for donations throughout the year and meet, if necessary, extraordinary grants. The trustees currently hold free reserves in excess of six months of expected income. The trustees will monitor the reserves on an annual basis in conjunction with the preparation of the Annual Report.

Plans for Future Periods

The trustees intend to continue giving grants to those who fall within the provision set out by the Schemes, and aim to incur as few costs as possible, so that the maximum amount possible may be given to those in need.

Statement of Trustees’ Responsibilities

Law applicable to charities in England & 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 end of the year. In preparing financial statements giving a true and fair view, the trustees should follow best practice and:

The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ascertain the financial position of the charity and which 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.

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On behalf of the board of trustees Y || y
Mrs C M Wessel Th UnleMeli,
Chair
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3 October 2022

LEICESTERSHIRE AND RUTLAND COUNTY NURSING ASSOCIATION

3

INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES YEAR ENDED 31 MARCH 2022

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2022 which are set out on pages 4 to 8.

Responsibilities 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 Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all 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. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.

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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 understanding of the accounts to be
reached.
(<Te
= MWW Dockerty (FCA) (FCA)
Chartered Accountant
30 Nelson Street
Dated: 3 October 2022 Leicester
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----- Start of picture text -----
MWW Dockerty (FCA) (FCA)
Chartered Accountant
30 Nelson Street
Leicester
LE1 7BA
----- End of picture text -----

LEICESTERSHIRE AND RUTLAND COUNTY NURSING ASSOCIATION

4

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

Note 2022 2021
Income and endowments from: 2 52,934 51,042
Investment income
Total 52,934 51,042
Expenditure on:
Charitable activity
Grants and donations payable 4 61,250 65,000
Administration expenses 1,663 3,967
Total 3 62,913 68,967
Netexpenditure beforeinvestmentgains/losses (9.979). 17,925)
Gains on investments:
Realised gains/(losses) on disposal ofinvestments 6 (8,193) (67,435)
Unrealised gains/(losses) on revaluation of investments 6 30,829 251,857
Investment management costs (5,724) (1,456)
Netincome/(expenditure) 6.933, 165,041-
Fund balances at April 2021 1,480,131
Fundbalancesat31March2022 £1,487,064 £1,480,131

All of the above funds are unrestricted.

5

LEICESTERSHIRE AND RUTLAND COUNTY NURSING ASSOCIATION

BALANCE SHEET

AS AT 31 MARCH 2022

Note 2022 2021
Fixed assets
Investments 6 1,437,449 1,410,769
Current assets
Cash at bank and in hand 76,505 71,156
Creditors: amounts falling due
within one year
7 (26,890) (1,794)
Net current assets 49,615 69,362
Total assets less current liabilities ~ £1,487,064 ~ £1,480,131-
Funds ofthe charity
Unrestrictedfunds £1,487,064 £1,480,131

Approved by the Trustees on 3 October 2022 and signed on their behalf by: -

Mrs C M Wessel Chair

6

LEICESTERSHIRE AND RUTLAND COUNTY NURSING ASSOCIATION

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

  1. Accounting policies

  2. 1.1 Basis of preparation

The financial statements have been prepared in accordance with the charity’s governing document, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019)”. The charity is a Public Benefit Entity as defined by FRS102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin | not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

Leicestershire and Rutland County Nursing Association meets the definition of a public benefit entity under FRS 102 and is registered in England. The charity operates from Mercury Place, St George Street, Leicester, LE] 1QG.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity.

All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources.

1.4 Investments Investments are stated at fair value at the balance sheet date. The SOFA includes the net gains and losses arising on revaluations and disposals throughout the year.

1.5 Funds General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and have not been designated for other purposes.

2. Investment Income 2022 2021
Incomefromlistedinvestments £52,934 £51,042

LEICESTERSHIRE AND RUTLAND COUNTY NURSING ASSOCIATION

7

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

3. Resources expended

Charitable Other Total
activity expenses
Grants payable 61,250 - 61,250
Accountancy - 1,326 1,326
Honorarium - - :
Other - 337 337
£61,250 £1,663 £62,913
Grants and donations payable
2022 2021
Charity Link—Grants for the needy 50,000 50,000
Charity Link—Grant for administrative purposes 11,000 11,000
Homestart - 1,000
Enrych - 1,000
Living with Abuse - 1,000
STEPS - 1,000
Cerulean Blue 250 -
Total Grants 61,250 65,000
Totalgrantsanddonations 61,250 £65,000

4, Grants and donations payable

5. Trustees

During the year the secretary, Mrs R Cufflin, received an honorarium payment of £Nil (2021 - £1,500) and Mr E Cufflin, the treasurer, received an honorarium payment of £Nil (2021 - £1,000). None of the trustees received remuneration nor payments for expenses during the year.

LEICESTERSHIRE AND RUTLAND COUNTY NURSING ASSOCIATION

8

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

6. Fixed asset investments

£

|Market value at
| April 2021|£1,410,769| |---|---| |Additions at cost|37,200| |Disposal proceeds|(33,156)| |Realised gain/(loss)|(8,193)| |Change in value in the year|30,829| |Market value at 31 March 2022|1.437.449| |Historical cost:|| |At 31 March 2022|£1,293,116| |At31March2021|£1,277,72]|

7. Creditors: amounts falling due within one year

2022 2021
Accruals 26,890 £1,794

8. Related party transaction

The treasurer Mr E Cufflin is an employee of the investment advisors Charles Stanley & Co. During the year the charity paid £5,724 (2021 - £1,456) to Charles Stanley & Co in respect of investment services.