## **MISS HANNAH LEVICK'S CHARITY** ## **REPORT AND FINANCIAL STATEMENTS** **31 DECEMBER 2022** **LEMANS** **CHARTERED ACCOUNTANTS** **NOTTINGHAM** **MISS HANNAH LEVICK'S CHARITY** **REPORT AND FINANCIAL STATEMENTS** ## **YEAR ENDED 31 DECEMBER 2022** |**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 2022** ## **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 Mr I Wright (appointed 16 May 2023) Four vacancies at 31 December 2022 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 ## INDEPENDENT EXAMINER Karen Mealand Lemans Chartered Certified Accountants 29 Arboretum Street Nottingham NG1 4JA **MISS HANNAH LEVICK'S CHARITY** 2. **REPORT AND FINANCIAL STATEMENTS** ## **YEAR ENDED 31 DECEMBER 2022** ## **TRUSTEES' REPORT** The trustees present their annual report and financial statements for the year ended 31 December 2022. 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. In addition to the criteria set out in the Trust Deed for the issue of Licences to Occupy flats at Levick Court, Trustees policy remains to only make suitable appointments to retain a proper level of community spirit within the Court. There were two vacancies at the end of December 2022 (three at the end of 2021), two new Licences to Occupy having been granted in 2022, one of which was revoked at an early stage of occupancy. In addition, Trustees have not been able to take possession of another unoccupied, but fully furnished, flat due to a Court of Protection process ongoing since November 2021 while the ex-resident is in a care home. The part-time appointments of a Clerk, non-resident warden and gardener/handyman remained in place throughout the year. Trustees continued to fulfil their statutory obligations as set out by The Pensions Regulator and other statutory bodies. They also continued to work in partnership with the Decent and Safe Homes Service (DASH), with whom they are accredited, and all twelve flats have a Licence issued under Nottingham City Council’s Selective Licensing scheme. The policy of planned maintenance remained in place with the aim of ensuring a suitable condition level for the whole estate under management. The programme of securing Electrical Installation Condition reports for all flats was complete at the year-end apart from the flat subject to the above-mentioned Court of Protection process. Trustees commissioned the annual gas engineer inspections and reports both for the safety of residents and also to comply with a requirement under the 10-year warranty for the boilers installed between November 2019 – August 2020. The external locks for each flat were replaced with ones embracing upgraded security. Three of the four rotary washing lines were replaced. Repayments were met for the twice-yearly instalments due under the 60-year mortgage taken out in 1982 and therefore payable until 2042. ## **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. 3. ## **MISS HANNAH LEVICK'S CHARITY** ## **REPORT AND FINANCIAL STATEMENTS** ## **YEAR ENDED 31 DECEMBER 2022** ## **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 2023 4. ## **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 2022 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 5. ## **MISS HANNAH LEVICK'S CHARITY** ## **STATEMENT OF FINANCIAL ACTIVITIES** ## **YEAR ENDED 31 DECEMBER 2022** |**Note**
**2022**
**£**
**£**
**INCOME**
Maintenance charges receivable
38,471
Investment Income:
COIF Charities Deposit Fund
205
CBF Investment Fund Shares
4,706
____
4,911
Other income
150
_____
**TOTAL INCOME**
43,532
**EXPENDITURE**
Direct Property Management costs
9
23,884
Administration costs
10
10,878
Loan Interest – Orchardbrook Ltd
5,402
**TOTAL EXPENDITURE**
40,164
_____
**NET INCOME/(EXPENDITURE) BEFORE**
**GAINS ON INVESTMENT ASSETS**
3,368
(Loss)/gain on revaluation of investments
3
(21,079)
_____
**NET INCOME - NET MOVEMENT IN FUNDS**
(17,711)
**TOTAL FUNDS AT 1 JANUARY 2022**
230,878

**TOTAL FUNDS AT 31 DECEMBER 2022**
7
£213,167
|**2021**
**£**
**£**
36,797
2
4,430
____
4,432
150
______
41,379
21,286
8,816
5,445

35,547
_____
5,832
21,908
_____
27,740
203,138
______
£230,878| |---|---| |**MISS HANNAH LEVICK'S CHARITY**
**BALANCE SHEET- 31 DECEMBER 2022**
**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**|**2022**
**£**


1,910
21,256
11,247
_____
34,413
4,344





|6.
**2021**
**£**
**£**
**£**
151,008
153,748
90,979
90,979
______
60,029
62,769
161,059
177,432
______
221,088
240,201
1,309
21,050
9,347
_____
31,706
_____
2,618

30,069
29,088
______
251,157
269,289
37,990
38,411
______
_______
£213,167
£230,878

(21,425)
(21,425)
119,685
114,698
26,874
28,493
88,033
109,112

______
£213,167
£230,878| |---|---|---| |||| The financial statements were approved on 2023 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 2022** ## 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 2022** ## **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 2022** ## **2. TANGIBLE FIXED ASSETS** 12 Almshouses Launder Street, The Meadows, Nottingham. |**3.**|Cost - land
buildings
Depreciation - at 31.12.2021
charge for year
at 31.12.2022
Net book value 31.12.2022
31.12.2021
**INVESTMENTS**
CBF Investment Fund shares
Balance at 31.12.2021
Re-investment of dividends into shares
during year
Balance at 31.12.2022

Reconciliation of movement in fair value
Fair value at 31.12.2021
Dividends reinvested
Transfer to revaluation reserve
Fair value at 31.12.2022||£
2,486
227,982
______
£230,468
76,720
2,740
£79,460
£151,008
£153,748
Units
Cost
£
7,577
68,340
218
4,706
____
_____
7,795
£73,046
____
_____
177,432
4,706
______
182,138
(21,079)
______
£161,059
______| |---|---|---|---| |||
|| ||||
| **MISS HANNAH LEVICK'S CHARITY** 10. **NOTES TO THE ACCOUNTS** ## **YEAR ENDED 31 DECEMBER 2022** |**4.**|**CURRENT ASSET INVESTMENTS**|||||2022||2021|| |---|---|---|---|---|---|---|---|---|---| |||||||£||£|| ||Cash held for investment|||||21,256|21,050||| |**5.**|**CREDITORS**|||||2022||2021|| |||||||£||£|| ||Amounts falling due within one year||||||||| ||Heat and light|||||64||64|| ||Accountancy fees|||||2,758||1,354|| ||Orchardbrook Ltd Loan (note 6)|||||339||259|| ||Maintenance paid in advance|||||689||529|| ||PAYE|||||494||412|| |||||||£4,344|£2,618||| |**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.||||||||| |||||||£37,990|£38,411||| |**7.**|**MOVEMENTS IN FUNDS**||||||||| |||At 1 Jan||Incoming||Outgoing|Transfers|At|31 Dec| ||||2022|Resources||Resources||2022|| ||||£|£||£|£||£| ||Unrestricted Funds||||||||| ||Capital Account
|(21,425)|||-|-|-|(21,425)|| ||Revenue Reserves|114,698||43,532||40,164|1,619|119,685|| ||Designated Reserves (note 8)||28,493||-|-|(1,619)||26,874| ||Investment Revaluation Reserve|109,112|||-|21,079|-|
|88,033| |||||______||______|______|_______|| |||£230,878||£43,532||£61,243|£-|£213,167|| ||||||||||| ||||__ __|______||______|______|_______|| |||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|| ||||__ __|______||______|______|_______|| **MISS HANNAH LEVICK'S CHARITY** 11. **NOTES TO THE ACCOUNTS** ## **YEAR ENDED 31 DECEMBER 2022** ## **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 31.12.2021
Transfers to Revenue Reserves

Transfers to Extraordinary Repair Fund
Balance at 31.12.2022|Capital
Extraordinary
Total
Reserve
Repair Fund
Applied

____
£
£
£
24,106
4,387
28,493
(2,399) - (2,399)
-
780
780
______
_____
______
£21,707
£5,167
£26,874


| |---|---| 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|(341)| ||_____| ||£2,399| ||_____| ## **9.** |**DIRECT PROPERTY MANAGEMENT COSTS**|2022|2021| |---|---|---| ||£|£| |Council tax (voids)|3,590|2,816| |Water rates|3,990|3,751| |Utilities (voids)|647|613| |External lighting|616|886| |Insurance|1,804|1,651| |Depreciation|2,740|2,740| |Gardener/handyman’s wages|2,614|2,184| |Day to day repairs & maintenance|6,587|4,088| |Alarm Monitoring fee|1,296|1,117| |Selective Licence|-|1,440| ||______|______| ||£23,884|£21,286| ||______|______| **MISS HANNAH LEVICK'S CHARITY** 12. **NOTES TO THE ACCOUNTS** ## **YEAR ENDED 31 DECEMBER 2021** |**10.**
**ADMINISTRATION COSTS**
2022
£
Telephone (Alarm line – flat 9)
55
Subscriptions - National Association of Almshouses
222
- Independent Housing Ombudsman
-
Wardens wages
3,984
Birthday gifts to residents
20
Clerks wages
4,386
Clerks expenses
392
Independent Examiner’s Fee
1,404
Payroll costs
302
Advertising
100
Postage and stationery
13


£10,878
|2021
£
151
216
26
3,240
20
3,150
450
1,278
272
-
13

£8,816| |---|---| There was no Trustees remuneration, benefits or expenses for the year ended 31 December 2022 nor for the year ended 31 December 2021. No employee received total emoluments of more than £60,000. The average number of staff employed was 3 (2021 – 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.