## **MISS HANNAH LEVICK'S CHARITY REPORT AND FINANCIAL STATEMENTS** ## **31 DECEMBER 2021** **CHARTERED ACCOUNTANTS** **NOTTINGHAM** **LEMANS** **MISS HANNAH LEVICK'S CHARITY** ## **REPORT AND FINANCIAL STATEMENTS** ## **YEAR ENDED 31 DECEMBER 2021** |**CONTENTS**|**PAGE**| |---|---| |Charity Reference and Administrative Details|1| |Trustees report|2| |Independent Examiner’s report|4| |Statement of Financial Activities|5| |Balance Sheet|6| |Notes to the accounts|7| **MISS HANNAH LEVICK'S CHARITY REPORT AND FINANCIAL STATEMENTS** 1. **YEAR ENDED 31 DECEMBER 2021** ## **CHARITY REFERENCE AND ADMINISTRATIVE DETAILS** STATUS Miss Hannah Levick's Charity is a charity whose registration number is 217557. The Charity was created under the terms of the will of Miss Hannah Levick. ## TRUSTEES Reverend C D Harrison (Ex-Officio as Rector of St. Peter’s Church, Nottingham) Mrs J Hopewell – Chairman Mrs J Huckle Four vacancies at 31 December 2021 Mr K R Charter, Clerk to the Trustees ## ADDRESS Levick Court Launder Street The Meadows Nottingham NG2 1HL ## CORRESPONDENCE ADDRESS 9 Queensbury Avenue West Bridgford Nottingham NG2 7GE ## BANKERS TSB Bank plc 11 Low Pavement Nottingham NG1 7DQ SOLICITORS Clayton Mott & Son 19 Milton Street Nottingham ## INDEPENDENT EXAMINER Karen Mealand Lemans Chartered Accountants 29 Arboretum Street Nottingham NG1 4JA **MISS HANNAH LEVICK'S CHARITY** 2. ## **REPORT AND FINANCIAL STATEMENTS** ## **YEAR ENDED 31 DECEMBER 2021** ## **TRUSTEES' REPORT** The trustees present their annual report and financial statements for the year ended 31 December 2021. The Trustees have adopted the provisions of The Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities’ in preparing their accounts. The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with The Charity’s governing document, The Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommend Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019. ## **OBJECTIVE** The provision of accommodation for people over 60 years of age domiciled in Nottingham with proven limited means and a housing need. ## **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. The objective of the charity and details of who and how the charity has helped can be found in this report. ## **REVIEW OF THE YEAR** The Trustees continued to manage 12 warden-assisted almshouse flats at Levick Court for men and women who qualify for assistance under the terms of the Trust Deed dated 9 June 1983. Retaining the criteria set out in the Trust Deed for the issue of Licences to Occupy flats at Levick Court, Trustees continue only to make suitable appointments to retain a proper level of community spirit within the Court. At the end of December 2020, there were three vacancies as the trustees having decided, for the protection of health for residents, trustees and staff, not to invite applications for Licences during the coronavirus pandemic from March 2020.The part-time appointments of a Clerk, non-resident warden and gardener/handyman remained in place throughout the year. Trustees fulfilled their statutory obligations as set out by The Pensions Regulator. They also continued to work in partnership with the Decent and Safe Homes Service (DASH) and formally submitted licence applications in May 2020, decisions on which were outstanding at the year-end. The programme of securing Electrical Installation Condition Reports stalled during the pandemic with those for eight flats outstanding at the year-end. Following the decision by trustees to replace the combination boilers in all 12 flats, the remaining 11 were fitted during the summer and significant benefits seen during the winter months as a result of there being almost no breakdowns. A grant application to The Almshouse Association was successful with £9,964 being awarded for the provision of new boilers to 4 flats, and, additionally, The Skerritt Trust awarded £5,000 too. Improvements were made in December 2020 to the neglected small landscaped areas in the car park at the rear of the property. ## **FINANCIAL REVIEW** In line with Charity Commission recommendations, the Trustees have set the minimum level of unrestricted reserves at an amount sufficient to cover all normal operating expenses for a year. At the end of the year, the Charity has more in reserves than this policy demands. **MISS HANNAH LEVICK'S CHARITY** 3. ## **REPORT AND FINANCIAL STATEMENTS** ## **YEAR ENDED 31 DECEMBER 2021** ## **TRUSTEES' STATEMENT OF RESPONSIBILITIES** The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The 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 state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP 2019 (FRS 102); - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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. ## **RECRUITMENT AND APPOINTMENT OF TRUSTEES** The charity welcomes eligible people who have an interest in helping the organisation achieve its objectives by becoming a Trustee Those eligible must: - be over the age of 18 - not be undischarged bankrupts - not previously have been removed from trusteeship of a charity by a Court or the Charity Commissioners - not be under a disqualification order under the Company Directors’ Disqualification Act 1986 - not be disqualified by the Charities Act 1993 (Section 72) from acting as a charity trustee ## **INDUCTION AND TRAINING OF NEW TRUSTEES** To ensure Trustees are fully competent, the charity will: - Support induction, in a manner tailored to the experience of the individual, by the use of a ‘buddy’ system whereby each new Trustee is guided by an experienced Trustee or recently retired Trustee - - Provide access to – and where appropriate cover the costs of – induction training - Provide a job description for honorary officers ……………………………………. Mrs J Hopewell October 2022 ## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF** ## **MISS HANNAH LEVICK'S CHARITY** I report to the charity trustees on my examination of the accounts for the year ended 31 December 2021 which are set out on pages five to twelve. ## **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. I 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. 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. Karen Mealand FCCA Lemans 29 Arboretum Street Nottingham NG1 4JA Date **MISS HANNAH LEVICK'S CHARITY** 5. ## **STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2021** |**Note**
**2021**
**£**
**£**
**INCOME**
Maintenance charges receivable
36,797
Investment Income:
COIF Charities Deposit Fund
2
CBF Investment Fund Shares
4,430
____
4,432
Other income
150
Grants received
-
_____
**TOTAL INCOME**
41,379
**EXPENDITURE**
Direct Property Management costs
9
21,286
Administration costs
10
8,816
Loan Interest – Orchardbrook Ltd
5,445
**TOTAL EXPENDITURE**
35,547
_____
**NET INCOME/(EXPENDITURE) BEFORE**
**GAINS ON INVESTMENT ASSETS**
5,832
Gain on revaluation of investments
3
21,908
_____
**NET INCOME - NET MOVEMENT IN FUNDS**
27,740
**TOTAL FUNDS AT 1 JANUARY 2021**
203,138

**TOTAL FUNDS AT 31 DECEMBER 2021**
7
£230,878
|**2020**
**£**
**£**
39,265
55
4,156
____
4,211
-
14,965
______
58,441
52,311
8,729
5,483

66,523
_____
(8,082)
9,676
_____
1,594
201,544
______
£203,138| |---|---| |**MISS HANNAH LEVICK'S CHARITY**
**BALANCE SHEET- 31 DECEMBER 2021**
**Note**
**TANGIBLE FIXED ASSETS**
Freehold Almshouses
2
Less: Housing Association Grant
**INVESTMENTS**
3
**TOTAL FIXED ASSETS**
**CURRENT ASSETS**
Debtors and Prepayments
Investment - COIF Deposit Accounts
4
Cash at bank


**CURRENT LIABILITIES**
Creditors -
Amounts falling due within
one year
5
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**CREDITORS**
Amounts falling due after
more than one year
6
**NET ASSETS**
**TRUST FUNDS (ALL UNRESTRICTED)**
7
Capital Account
Revenue Reserves
Designated Reserves
8
Investment Revaluation Reserve
**TOTAL FUNDS**|**2021**
**£**


1,309
21,050
9,347
_____
31,706
2,618

£


£
|6.
**2020**
**£**
**£**
**£**
153,748
156,488
90,979
90,979
______
62,769
65,509
177,432
151,094
______
240,201
216,603
1,385
21,048
6,420
_____
28,853
_____
3,610

29,088
25,243
______
269,289
241,846
38,411
38,708
______
_______
230,878
£203,138

(21,425)
(21,425)
114,698
107,203
28,493
30,156
109,112
87,204

______
230,878
£203,138

| |---|---|---| |||| The financial statements were approved on October 2022 by the Trustees and are signed on their behalf by: Reverend C Harrison Mrs J Hopewell **MISS HANNAH LEVICK'S CHARITY** 7. **NOTES TO THE ACCOUNTS** ## **YEAR ENDED 31 DECEMBER 2021** ## 1. **ACCOUNTING POLICIES** The Charity constitutes a public benefit entity as defined by FRS102. The accounts have been prepared in accordance with 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102), the Charities Act 2011, the Church Accounting (Amendment) Regulations 2006 and UK Generally Accepted Accounting Practice. The financial statements have been prepared to give a ‘true and fair’ view and 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 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 issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. 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 include all transactions, assets and liabilities for which the Charity is responsible in law. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest pound. ## **Investments** Investments are shown at fair value at the year end date. The annual surplus or deficit on revaluation is transferred to an Investment Revaluation Reserve (note 7). ## **Current Investments** The Charity holds cash on deposit for investment purposes, which is recorded at transaction price, in order to obtain a better rate of return, thereby increasing their income enabling them to meet their objects. ## **Cash at bank** The Charity holds sufficient funds in order to meet its short term cash commitments as they fall due. ## **Debtors and Creditors** Debtors and creditors receivable or payable within one year are recorded at transaction price. ## **Income** Income is recognised when it becomes receivable. **MISS HANNAH LEVICK'S CHARITY** 8. **NOTES TO THE ACCOUNTS** ## **YEAR ENDED 31 DECEMBER 2021** ## **Housing Association grants** Housing Association Grants (HAG) were made by the Department of the Environment and utilised to reduce the cost of a development to an amount which it is estimated can be serviced by the net annual income of the scheme. In the balance sheet the development costs have been reduced by the amount of HAG received. ## **Mortgage loan** The mortgage loan is advanced by Orchardbrook Ltd (formerly the Housing Corporation) under the terms of a mortgage deed. Advances are available only in respect of those developments which have been given approval for Housing Association Grant by the Department of the Environment or the Housing Corporation. ## **Fixed assets** Almshouses are stated at cost less accumulated depreciation and Housing Association Grant. The development cost of Almshouses include the following: - i] Cost of acquiring land and buildings - ii] Development expenditure ## **Depreciation** Depreciation is charged on a straight line basis over the estimated economic life of the almshouses at 2% per annum on the cost minus Housing Association Grant received. **MISS HANNAH LEVICK'S CHARITY** 9. **NOTES TO THE ACCOUNTS** ## **YEAR ENDED 31 DECEMBER 2021** ## **2. TANGIBLE FIXED ASSETS** 12 Almshouses Launder Street, The Meadows, Nottingham. |**3.**|Cost - land
buildings
Depreciation - at 31.12.2020
charge for year
at 31.12.2021
Net book value 31.12.2021
31.12.2020
**INVESTMENTS**
CBF Investment Fund shares
Balance at 31.12.2020
Re-investment of dividends into shares
during year
Balance at 31.12.2021

Reconciliation of movement in fair value
Fair value at 31.12.2020
Dividends reinvested
Transfer to revaluation reserve
Fair value at 31.12.2021||£
2,486
227,982
______
£230,468
73,980
2,740
£76,720
£153,748
£156,488
Units
Cost
£
7,375
63,910
202
4,430
____
_____
7,577
£68,340
____
_____
151,094
4,430
______
155,524
21,908
______
£177,432
______| |---|---|---|---| ||||| ||||| **MISS HANNAH LEVICK'S CHARITY** 10. **NOTES TO THE ACCOUNTS** ## **YEAR ENDED 31 DECEMBER 2021** |**4.**|**CURRENT ASSET INVESTMENTS**|||||2021||2020|| |---|---|---|---|---|---|---|---|---|---| |||||||£||£|| ||Cash held for investment|||||21,050|21,048||| |**5.**|**CREDITORS**|||||2021||2020|| |||||||£||£|| ||Amounts falling due within one year||||||||| ||Heat and light|||||64||64|| ||Accountancy fees|||||1,354||2,376|| ||Orchardbrook Ltd Loan (note 6)|||||259||259|| ||Maintenance paid in advance|||||529||432|| ||PAYE|||||412||413|| ||Wages Underpaid|||||-||66|| |||||||£2,618|£3,610||| |**6.**|**CREDITORS**||||||||| ||Amounts falling due after more than one year||||||||| ||Orchardbrook Ltd Loan||||||||| ||The loan is repayable half yearly by equal||||||||| ||instalments, the last instalment of which||||||||| ||falls to be paid on 30 November 2042.||||||||| ||Interest is payable at a rate of 14% fixed in 1982 on|||the|||||| ||outstanding balance.||||||||| |||||||£38,411|£38,708||| |**7.**|**MOVEMENTS IN FUNDS**||||||||| |||At 1 Jan||Incoming||Outgoing|Transfers|At|31 Dec| ||||2021|Resources||Resources||2021|| ||||£|£||£|£||£| ||Unrestricted Funds||||||||| ||Capital Account
|(21,425)|||-|-|-|(21,425)|| ||Revenue Reserves|107,203||41,379||35,547|1,663|114,698|| ||Designated Reserves (note 8)||30,156||-|-|(1,663)||28,493| ||Investment Revaluation Reserve||87,204|21,908||-|-|
109,112|| |||||______||______|______|_______|| |||£203,138||£63,287||£35,547|£-|£230,878|| ||||||||||| ||||__ __|______||______|______|_______|| |||At 1 Jan||Incoming||Outgoing|Transfers|At|31 Dec| ||||2020|Resources||Resources||2020|| ||||£|£||£|£||£| ||Unrestricted Funds||||||||| ||Capital Account||(21,425)||-|-|-|(21,425)|| ||Revenue Reserves|113,584||58,441||66,523|1,701|107,203|| ||Designated Reserves (note 8)||31,857||-|-|(1,701)||30,156| ||Investment Revaluation Reserve||77,528|9,676||-|-||87,204| |||||______||______|______|_______|| |||£201,544||£68,117||£66,523|£-|£203,138|| ||||__ __|______||______|______|_______|| **MISS HANNAH LEVICK'S CHARITY** 11. **NOTES TO THE ACCOUNTS** ## **YEAR ENDED 31 DECEMBER 2021** ## **8. DESIGNATED RESERVES** i] "Capital Reserve Applied". Transfers to this fund from revenue reserves represent the proportion of development costs not financed by the Housing Association Grant. - ii] Extraordinary Repair Fund. This fund has been created to meet the cost of major repairs and renewals. |Balance at 31.12.2020
Transfers to Revenue Reserves

Transfers to Extraordinary Repair Fund
Balance at 31.12.2021|Capital
Extraordinary
Total
Reserve
Repair Fund
Applied

____
£
£
£
26,549
3,607
30,156
(2,443)
- (2,443)
-
780
780
______
_____
______
£24,106
£4,387
£28,493


| |---|---| The transfer to Revenue Reserves from Capital Reserves Applied is made up as follows: ||£| |---|---| |Amount equal to depreciation|| |Charge for the year|2,740| |Amount equal to loan repaid|(297)| ||_____| ||£2,443| ||_____| ## **9.** |**DIRECT PROPERTY MANAGEMENT COSTS**|2021|2020| |---|---|---| ||£|£| |Council tax (voids)|2,816|425| |Water rates|3,751|3,611| |Utilities (voids)|613|279| |External lighting|886|540| |Insurance|1,651|1,590| |Depreciation|2,740|2,740| |Gardener/handyman’s wages|2,184|2,184| |Day to day repairs & maintenance|4,088|5,819| |New boilers|-|27,406| |British Gas service contract|-|1,917| |Alarm Monitoring fee|1,117|990| |Alarm Maintenance contract|-|490| |Selective Licence|1,440|4,320| ||______|______| ||£21,286|£52,311| ||______|______| **MISS HANNAH LEVICK'S CHARITY** 12. **NOTES TO THE ACCOUNTS** ## **YEAR ENDED 31 DECEMBER 2021** |**10.**
**ADMINISTRATION COSTS**
Telephone (Alarm line)
Subscriptions - National Association of Almshouses
- Independent Housing Ombudsman
Wardens wages
Birthday gifts to residents
Clerks wages
Clerks expenses
Independent Examiner’s Fee
Payroll costs
Advertising
Postage and stationery|2021
£
151
216
26
3,240
20
3,150
450
1,278
272
-
13


£8,816
|2020
£
76
210
-
3,240
-
3,120
501
1,206
336
-
40

£8,729| |---|---|---| There was no Trustees remuneration, benefits or expenses for the year ended 31 December 2021 nor for the year ended 31 December 2020. No employee received total emoluments of more than £60,000. The average number of staff employed was 3 (2020 – 3). ## **11. UNITS OF ACCOMMODATION** The Charity had 12 units in management at the beginning and end of the period. ## **12. RELATED PARTY TRANSACTIONS** There were no related party transactions in the year.