REGISTERED CHARITY NUMBER: 217282 DUNCAN &TOPLIS FRISKNEY UNITED CHARITIES RECEIPTS AND PAYMENTS ACCOUNTS FOR THEYEAR ENDED 31 DECEMBER 2024 icpli69W'fwIwn¢￿or rwM09rW121591.￿.5lcrfd0￿e.' L￿"￿￿.8T0￿.￿eO￿￿W. GreDI￿Th, i￿CCi￿h1Itt..I£5I SSF. KREsfoN GLOBAL OU￿￿8T[￿S￿lIEd1S￿we￿￿urwEbSmB￿d¥#1o￿tt duncantoplis.co.uk FRISKNEY UNITED CHARinES LEGALANDADMINISTRATIVE REPORT The trustees present the statement of accounts of the charity for the yeai ended 31 December 2024. PRINCIPAL ACTIVITIES The charitVs principal attivity contlnued to be that of providinE housing for the less fortunBte and elderlv people of Friskney. The charity also owns a number of allotments, which it rents out. The charity is a registered charity, number 217282. The principal addres5 of the charity is Sigtoft Farm, Low Road South, Friskney, Boston, Lincolnshire. The results for the year are Shown in the receipts and payment account on page 5. The trustees intend to continue the charity's operations in the above manner. TRUSTEES The trustees who held office during the year were: Rev F Cotton-Betteridge Mrs N Srnith T Scaiborough Mrs P Dickinson T l Twigg The trustees zlso administer the affairs of the Eliza Gardiner Charity Inurnber 2288801 and the M L & C M Booth Charity (number 2288811. SECRETARY Mrs J Scott Dated.. INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FRISKNEY UNITED CHARITIES I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2024 which are set out on pages 3 to 6. Responsibilltie5 and basis ot report As the charity trustees of the Trust you are responsible for the preparatioll 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 charivs 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 14515llbl of the Act. Independent examinerfs ststement have completed my examination. I confirm that no material matter5 have come to my attention in connection with the examinatlon givin8 me cause to believe that in any material respect.. ccounting 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. 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. Niall Kinsgley FCA Duncan & Toplis Limited 5 Resolution Close Endeavour Park Boston Lincolnshire PE217 Dated.. 2 I IL &loas FRISKNEY UNITED CHARITIES STATEMENT OF ASSETS AND LIABILIMES A5AT31 DECEMSER 2024 2024 2023 FIXED ASSETS- per note I 833,C￿0 833,OC INVEsfMEpifs- per note 2 526 744 509 004 1,359,744 1,342,004 IAONETARY ASSETS Bank- current accounts Cyclical maintenance fund account 37,736 32.404 NET ASSETS REPRESENTED BY: 2024 2023 FUN05 Unrestricted funds: Balance at l January 2024 Net receipts for the year Unrealised gains on investments Recoupment of permanent endowment Isee note 31 1,168,547 1,131,297 16,768 17,906 8,890 2S,510 1,188,039 1.168.547 Restricted fijnds: Permanent endowment Isee note 31 217 310 211144 TOTAL FUNDS Approved by the trustee5 on . 12,A,20 Rev F Cotton-Betteridge Mrs N Smith T Scarborough Mrs P Dickinson T J Twi88 FRISKNEY UNITED CHARITIES SCHEDULE5 SUPPORTING THE STATEMENT OF ASSEfs AND LIABILITIES JI DECEMBER 2024 I. FIXED ASSETS- (Trustees, valuationl Value at 31.12.24 Valve at 31.12.23 House- Ski Cottage, Burgh Road 5 Alrnshouse5, Avenue Corner & Burgh Road Land- Friskney comprising 40 allotments 12 Almshouses and land at Mantle Green 85,000 134,000 86,000 85,000 134,000 86,0 2. INVESTMENTS (Valuation at 31 December 2024 Value at Investment Change 01.01.24 purchases/ in value Isalesl Value at 31.12.24 BLK Charities UK Bond Fund 712.8641744.851 accumulation unlts 32,990 1,5CKI 11511 34,339 BLK Charltles UK Bond Fund 45,803.216147,883.412 income units 67,945 3,OC#J 13,0571 67,888 BLK Charities UK Equity Fund 50,917.700/51,481.908 income units 370,919 4,350 9,730 384,999 BLK Charitles 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 £370,000 is being recouped over a 60 year period at the rate of £6,166 per annum. This relates to £230,[￿0 in November 1989 which is being recouped at the rate of £3.833 per annum and £140.000 in June 1991 which is being recouped at the rate of £2,333 per annum. At 31 December 2024 a total of £217,310 had been recouped12023- £211,144). FRISKNEY UNITED CHARITIES RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 RECEIPTS Rent from allotments Rent from Ski Cottage Almshouses contributions Dividends and investment income Cycllcal maintenance fund account interest Other income- contribution towards secretarfs cost5 Other income- Dowsing licence 8,459 1,121 72,629 15,656 85 3,817 505 1,872 1.420 62,116 14,792 32 600 TOTAL RECEIPTS 102 272 PAYMENTS Property repairs and Improvements Rates Secretarvs salary, national insurance and pension Postage, stationeryi advertising and computer consumables Svbscriptions Telephone Lifeline system and rental costs Insurance Coal and charitable gifts Professional fee5 Accountancy Gras5 and tree cutting Oil and electric TV licence 39,184 734 20,430 328 1.181 120 2,652 2,527 1,063 5,342 2,200 6,940 2,766 37 19,875 612 22,273 326 333 120 2,016 2,563 493 4,132 4,713 3,417 53 TOTAL PAYMENTS NET RECEIPTS FOR THE YEAR FR15KNEY UNITED CHARITIES NOTES REGARDING THE PREPARATION OF THE RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 Voluntsry receipts Voluntary income is received in cash by way of gifts and legacie5. Cash donations, gift5 and legacies are included in the receipts and payments account on receipt. Investment receipts Divldends are incltjded in the receipts and payments account when they are re￿ived. Bank interest 15 included in the receipts and payments account on recelpL Rents and maintenance contrlbutlons Rents and maintenance contributions received from the ottupants of the almshouses are included in the receipts and payment5 account. Allowance 15 made for maintenance contribution5 received which relate to subsequent years. Payments All payments and invoices awaltlng payment are included in the receipts and payments account. Fixed assets Original assets of the charity are included in the statement of assets and liabilitie5 at a valuation provided by the trustees. Freehold land is not depreciated. It is the trustees, policy to maintain all buildings to such Standard that their estimated residual value is not less than their net book value at anygiven time, therefore no depreciation is charged. Investments and Investment gain5 and losses 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 liabilitie5 as unrealised gains or losses on investments. Unquoted investments are included at cost. Gains and losses arising on the di5POsal of investments are included in the receipts and payments account. Funds accountin8 Funds held by the charity are: UnrestTlCted general funds- these are funds which can be used in accordance with charitable object5 at the discretion of the trustees. 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 or10sses arising on the investments form part of the fund.