REGISTERED cHARr￿ NUMBER: 217Z8Z DUNCAN &TOPLIS FRISKNEY UNITED CHARITIES RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 Gr￿MM, ￿nt￿n￿lI￿.NG3I W. I￿￿Ed￿L￿￿1￿mIlnEngl￿d￿n￿wa￿AI1B1￿lI￿￿￿￿r5Dl KRESTON GLOBAL duncantoplis.co.uk 11 FRISKNEY UNITED CHARITIES LEGAL AND ADMINISTRATIVE REPORT The trustees present the statement of accounts of the charity for the year ended 310ecember 2023. PRINCIPAL AcfiviTIES The charity's principal activity continijed to be that of providing housing for the less fortunate and elderlv people of Friskney. The charity also owns a number of allotments, which it rents out. The charity 15 a re815tered charity, nurnb¢r 217282. The princlpal address of the charsty is Si8toft Farm. Low Road South. Friskney, Boston, Lincolnshire. The results for the year are shown In the receipts and payment account on page S. The trustees intend to continue the charity's operations in the above manner. TRUSTEES The trusteès who held office during the year were.. Rev F Cotton-Betteridge Mrs N Smith T Scarborough Mrs P Dickinson T l Twigg The trustees also administer the affairs of the Ellza Gardlner Charity Inumber 2288801 and the M L & C M Booth Chaiity Inumber 2288811. SECRETARY Mrs I Scott Dated.. 8 April 2024 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FRISKNEY UNITED CHARITIE5 I report to the charity trustees on my examination of the account5 of the charity for the year ended 31 December 2023 which are set out on pages 3 to 6. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the atcounts in accordance with the requirements of the Charities Act 20111.the Act"). I report in respect of my examination of the charity's accoijnts carried out under section 145 of the Art and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent examlnerfs statement I have completed my examination. I confirm that no material matter5 have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the Act,. or 2 the atcounts do not accord with those record5. 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. J R Hodson F.C.A. Duncan & Toplis Limited 5 Resolution Close Endeavour Park Boston Lincolnshire PE217rr Dated.. FRISKNEY UNITED CHARITIES STATEMENT OF A55ET5 AND LIABILITIES AS AT 31 DECEMBER 2023 2023 2022 FIXED ASSETS- per note I 833,rxio 833,000 INVESTMENTS- per note 2 474 644 1,342,CQ4 1,307,644 MONETARY ASSErs Bank- current accounts Cyclical maintenance fund account 32,404 25,880 NET ASSETS REPRESENTED BY: 2023 2022 FUNOS Unrestrlcted funds: Balance at l January 2023 Net receiptsllpaymentsl for the ye3r Unrealised gainslllossesl on investments Recoupment of permanent endowment (see note 31 1,131,297 1.174,962 17,906 12,3631 25,510 135.1361 1,168,547 1,131,297 Restricted funds: Permanent endowment lsee note 31 TOTAL FUNDS Approved by the trustee5 on 8 April 2024 f-sf Rev F Cotton-Betteridge Mrs N Smith T Starborough Mr5 P Dickinson TJ Twigg FRISKNEY UNITED CHARITIES SCHEDULES SUPPORTING THE STATEMENT OF ASSEfs AND LIABILITIES 31 OECEMBER 2023 I. FIXED ASSETS- ITrustees' valLsationl Value at 31.12.23 Value at 31.12.22 Hovse- Ski CottaBe, Burgh Road 5 Almshouses. Avenue Corner & Burgh Road Land- Friskney comprising 40 allotments 12 Almshouses and land at Mantle Green 85,0(X) 134,OCX) 86,0(K) 85,000 I34.￿0 86,000 2. INVESTMENTS (Valuation at 31 December 20231 Value at Investment Change 01.01.23 purchasesl in value Isalesl Value at 31.12.23 BLK Charities UK Bond Fund 679.(J)11712.864 accumulation units 29,640 1,500 1.850 32,990 BLK Charities UK Bond Fund 43,690.402/45,803.216 income ijnits 63,758 3,000 1,187 67,945 BLK Charities UK Equity Fund 50,292.329/50,917.700 income units 347,228 4,350 19,341 370,919 BLK Charities UK Equity Fund 1.453.603 accumulation units 3. RECOUPMENT OF CAPITAL As agreed with the Charity Commission expenditure from the permanent endowment of the charity of £370,OCK) is being recouped over a 60 year period at the rate of £6,166 per annum. This ￿lateS to £230,0(K) in November 1989 which 15 being recouped at the rate of £3,833 per annum and £140,000 in June 1991 which is being recoupeil at the rate of £2,333 per annum. At 31 December 2023 a total of £211,144 had been recouped12022 - £204,978). FRISKNEY UNITED CHARITIES RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 RECEIPTS Rent from allotments Rent from Ski cottage Almshouses tontribution5 Dividends and investment income Cyclical maintenance fund account interest Other income- Dowsing licence 1.872 1,420 62.116 14,792 32 3,221 1,300 49.567 14,079 TOTAL RECEIPTS 80.832 68,768 PAYMENTS Property repair5 and improvements Rates Secretary's salary. national insurance and pension Postage, stationery, advertising and computer consumables Subscriptions Telephone Lifeline system and rental costs Insurance Coal and charitable gifts Professional fees Accountancy Grass and tree cutting Oil and electric TV licence 19,875 612 22,273 326 333 120 2,016 2,563 493 4,132 2.￿0 4,713 3,417 46,363 566 7,956 465 309 iio 1.920 2,271 550 148 1,800 6,016 2,589 68 TOTAL PAYMENTS Nrr ReceipTS/IpAYMeNTSI FOR THE YeAR FRISKNEY UNITED CHARITIES NOTES REGARDING THE PREPARATION OF THE RECEIPTS AND PAYMENTS ACCOUNTS FOR THEYEAR ENDED 31 DECEMBER 2023 Voluntary receipts Voluntary income is received In cash by way of Bifts and legacies. Cash donations, Bifts and legacies are included in the receipt5 and payment5 account on receipt. Investment recelpts Divldends are included in the receipts and payments account when they are received. Bank Inte￿St Is included in the receipts and payments account on receipt. Rents and malntenance contributlons Rents and maintenance contributions received from the occupants of the alm5hou5es are included in the receipts and payments atcount. Allowance 15 made for maintenance contributions received which relate to subsequent years. Payments All payments and invoices awaiting payment are included in the receipts and payments account. Flxed assets Original assets of the charity are included in the statement of assets and liabilities at a valuation provided by the trustees. Freehold land is not depreciated. It is the trustees, policy to maintain all buildings to such a Standard that their estimated residual value is not less than their net book value at any given time, therefore no depreciation Is cha￿ed. Investments and 5n¥estment gains and lo$se$ Stocks and shares quoted on the London Stock Exchange are included in the statement of assets and liabilities at their market value at the year end. The differences between this market value and the previous yearfs market value are disclosed on the statement of assets and liabilities as unrealised gains or losses on investments. Unquote(l investment5 are included at C05t. Gains and losses arising on the disposal of Investments are included in the ￿ceIptS and payments account. Funds accounting Funds held by the charity a￿.. Unrestricted general funds- these are funds which can be used in accordance with charitable objects at the diseretion of the tru5tee5. Endowment funds - these funds represent those assets which must be held permanently by the charity, principally investments. Income arising on the endowment funds can be used in accordance with the objects of the charity and is included as unrestricted income. Any capital gains or losses arising on the Investments form part of the fund.