AIISS HANNAH LEVICK'S CHARrrY IN TAT MENT MBE LEMANS CHARTERED CERTIFIED AccouKfANTS ornNG
MISS HANNAH LEVICK'S CHARITY REPORT AND FINANCIAL STATEMENTS YEAR END D 31 DECEMBER 202 CONTENTS PAGE Charity Referenee and A(Imlnistralnie Details Tru6te8s report Independent ExamTr)erfs Teport statement ol Financial Actwilies Balance Sh8et Notes to the accounts
MISS HANNAH LEVICKS CHARITY REPORT AND FINANC5AL STATEMENTS YEAR ENDED 31 DECEMBER 2023 CHARITY REFERENCE AND ADMNISTrATIVE DEfAILS STATUS Mlss Hannah Levick's charity is a charity whose registration number Is 217557. The Chanty WRS created under the temis oflhe 11 of Mlss Hannah Lav. TRUSTEES R8verend C D Hanison {Ex.Officio as Rector ofSI. Pelerfs Church. Nottlnghaml (resigned 1 May 2024} Mrs J Hopewell- Ch81rm*) rnJHuck Mr I Wright lappoinled 16 May 2023) Ttrwee Vacan8$ al 31 DecembEr 2023 Mr K R Charter, Clerk lo the TrusleEs ADCfiESS Lck Court Lwnder Street The Meadows Nolbngham NG2 1HL CORRESPONDENCE ADDRESS 9 Queensbury Av8nue West Bridgford Nottingham NG2 7GE BANKERS TSB Bank plc 11 Low Pavement Nottingham NG17DQ INDEPENDENT EXAMINER K8ren M88iand Lemans Chartered Cerlified Accowtsnts 29 Ajknrotum Street Nottingham NGI 4JA
MISS HANNAH LEVICKE CHARITY REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 TRUSTEES. REPORT The Irusleès present their annual report and financial ststemenls for the year ended 31 December 2023. The Tru818es have adopted the provisions of The Statement of Recommended Practice {SORPI 'AccotN)Ilng and Reporting by Charities, in preparing their accounts. The financial statements have beèn prepared in accordance with the 8ccounting polKies sel out in the nol8$ lo Ihe 8ccourrt8 and comply with The Charity's w)¥erning docurnent. The Charitles Act 2011 and Accounting and Reporting by Charities.. Sl8lement of Recommend Praclti applicable to dritTe$ preparing their accounts in aCrdanCe with tha Financial Reportlng Stsndard applicaNo in the UK and Repvblio of Ireland published in October 2019. OBJECTIVE Th8 provisiL of accommfyJatK)n for people over eo yèars of 896 domiclled In Nottingham wilh proven limitèd means and a hous1d need. PUBUC BENEFIT The Tru8leès confimi that they hav8 referred to the guidance ¢ontsined in the Charity Commission's gonerdl guidance on wblic benèfit when reviewing the chari5 aims and objecllves and in plannhig luture activities. The objective of the tharity and details of who and how Ihe charty has helpÈd can found this report. REVIEW OF THE YEAR The Tru$lees continued to m8nage 12 wardèn-assigtod almshouse flals al Levick Court for men and women who qu81fy for 8$sSslan¢e under Ihe terms of the Tru81 Deed dated 9 June 1983. In addition lo the criteria Set out in the Twst Deed for the issue of Licences lo Occupy flat8 al Levlck Court, TnJ8t•es pollcy maInS lo onty make 8Uitable appointments, ones that retain a proper level ol community spirit wilhin thè Court. There w¢re hyo vacan¢Es al the end of Oe¢ember 2023 Itwo al the end of 2022}. A beneffi¢iary granted a Licence to Occupy on¢ of th& vacant flats 18t& in the year briety loc up occupan¢y bul subsequently moved Lxjt just before the year end. Tiu$tee5 remained unabla to take p065ession of another unoccupied, but fvlly fumished, fiat due to a Court of Protection process ongolng since Novernber 2021 while the ex-resident remained in a care hom&. The part-tlrne appoinlrrenls of 8 Clerk, nore81dent wa and gardenerlhandyman Temained in place throughout the year. Tmslees ¢tInUed to fulffil their statutory oblig811ons as sel out by The Pensw)ns Regulator and other statulory bodies. They also continued lo work in paTbiership with the Decent and Safe Homes Service (DASHI. with whom they we 8ccrediled, and all twe8 flats have a iicenGe issuèd under NollSngharn city Council's Selectiv¢ Licertsing s¢hem¢. The policy of planntsts malntenance remained in place with the aim of ensuring a surfable condition level for the whole est8te under management. The programme ol securing El&¢trical Installation Condition raport5 for all flats was eomplBle at the yearnd apari from the flot subje¢t to tha above-menlioned Court of Protection Process. Thè walk-in shower in on• ol the flBts It only one wth that pr¢)visionl was completsly refurbished, irKluding replacement pumps and Illing. Trustees commissioned Ihe annual gas engineer inspection$ and reports both for the safety of residénts and asso to cowly with a requirement under the 10-year warranty for thè bolleTs instsllèd belween November 2019 August 2020. Repayments were met for the tsvice-y8arSy in$talments due under the year mort9age taken out In 1982 and therefor$ payablè until 2042. Lemons (Aour)nts> who had previously had rèsponsibility for payroll administration, addititsnalty took over fvrther administrallve duties duting the year for the M81ntenan¢e Charge recording and lor the Onne payment of invoice$ approved by the Clerk or Trugl•es. FINANCIAL REVIEW In IHie wllh Charity CommIssn re¢ommendalions. the Trustees have set the nNnimum Ie1 of unreslricled reserves at an amount sufficient to cover all rrMal operating penSeS for a year. At the end of the year, the Charity has more in reserves than this policy demands.
CKSC REPORT ANO FINANCIAL STATEM 3tDE MB TRUSTEES. STATEMENT OF RESPONSIBIUTIES The trustees are respon&ble for preparing the TNsteas' hrnual Réport 2nd th ffinan(xal slatsments in acwrdane£ wth apF4ieAble law and Unitsd ngdorn knnunting Slandnl$ (United ¥in9Yom Genèrally Artspted Accounling Practieèl. The law 3ppIic8ble to ¢hariti88 in England & Wales reqLiMS th8.trkSSt8esto pr•par6 financial statsm8nts lor each fina18] y¢ir ¢1) give a tru8 ahd tsir vi8w of the st•t of ahirs of the tharity 2nd of Ihe inMij reF4JurBe5 and Ptal0n of resour¢es ofthe ch81ity fttrth•t period. In pr&p8ring Ilw finanr#al ststsments. lh¢ are rèquir8d to". select aCcounng policies and thon apk4y them consi5tenty,' ob88N• the mèthod6 and prn¢ipl&s in the Charthes SORP 2019 IFRS 1021.. rrk8 judg8mnts 2nd estimatssthat are reasona and prudent Ststs Nthoth6r apph'Cab aUnting standards hav& en followed. subjactto any matarial d+parls disLIo8ed aThl eXplaned In the financral statsments,. prepare finan81 ststsments on Ihe going ¢onc&rn basi5 unless it 18 rrApproprr•iè to wesum that thè charity wll ntinue in operation. Tho busts¢sar8 r¢snble for ke•piNJ proper ?cry)unlin9 records that dix40ge with 80nbkn aCc8¢Y atany time th• ffinanci p¢$rn"on ofthe thartty and enabl8 th&m to ensure that the financial ststennls comply with tho Charitie5 AGI 2011, th• Chanties (Accounts 8#d R$portsl Regulations and the provi$ions ofthe trust deed. Thay ar• al80 responbla lor Eafeguaftliny th8 asse150fth& charity and hence for taknng 8nable stspsforth• wgv8non and etn of ud other irregulaithes. RECRUITMENT AND APPOINTMENT OF TRUSTEES The charity welcom¢$ èligib people who have an intsrèst in heIng the organisation a¢hieve Èts objectives by becnmlng a Thos¥ #ligtsla must. be ovèrthe sge of 18 notbg undI5th#rged banknupts notpr8wou h8ve On rnmoved from IDJSte8ship ofa clnty by a Court orthe Charity C¢mmissromrs notbe undera disqualthcatioTh ordèr undeTth8 Company Dwect0. Dwualifi(xtion Act 1986 notbe dNu?1ffi8d by thè Charittes Act 1993 IS¢¢fjon 721 from as a dwrity tstee . INDUCTION AND TRAINING OF NEW TRUSTEES Ta 8re TFusts6satE (xjmpatsnt, tho diity VAII.. SUprrt induction, In i m8nner tsilored to lh¢ $xp8ri8nc8 of the indlvidual by th? u ot a 'lyJddy' 8ystsm rOb¥ each new Trusts8 15 oui4èd byan exp8rienL¥d Trusts8 or recenuy retirFJd Tru8tse Provrd¥ 8c£*ss tO-8nd apwtspriata covertho Costs Df-inducthn Promde a lob description fDrhon¢r•ry officer5 J HDpa%l 11. 10. 3)24
ND PENDENT XAMINER'S EPORTT THET TEES OF Ml HANNAH LEVICICS CHARrrY I repDrt to Ihg charity Irusteets on my examination of th• accounts for the yeai ended 31 December 2(r23 whlGh are sel out on pages fNe lo twelve. Re8pc*nslbllities and basls of report A$ the charity'5 trustees you are responslble for the pi¢paralion of the occounl$ in accordance wlh the reqwrements of the ChBribes Act 2011 ('Ihe Act'i. I report in respect of my examlnation of the charity's accounts Garried out under section 145 of the Ad and in carrykng OLrt my aminalion I have followed all th¢ applicable Directions given by the Charity Commission under section 14515)Ibl ol the Act. Independont •xamlneV$ ststement I have MPleted my examlnat1on. I confirm that no malerfal matters hav8 come lo my attention in connection with the examlnatton giving me cause lo believe that in any m8terial respecl.. 1. Aceounting records were not kept in respect of the charity 8$ requir8d by section 130 of the Act., or 2. The accounts do not accord wth those records.. or 3. the arKvunts do not comply whh the applicable requlrements concemlng Ihg fomi and content of acewnls set out in the Charill8s (Accounts and Reports) Regulations 21308 other than any requirgmenl that the accounts giv• a 'lrue and tslr view, which 18 not a matter consider•d a8 part of an Independent examination. I have no ¢on¢erns and have corne acros8 no oih¥r matters in connection with the examination lo which 8ttÉniion sb)uld be drawn in Ihls report in ordor to enable a pwper uThJ8rslanding ctf the accounts lo be reached. Karen Mealand FCCA Lemans 29 ArtKrglum Slr¢et Nottingham NG14JA Oate octob
PIISS HANNAH LEWCKS CHARITY EMENT OF F NANCIAL ACTIVITI TA ENDED CE 22 INCOME Maintenance charg8s recelvab Investment Incme.. COIF Chathes Deposit Fund CBF Investrnpnl Fund Shares 44.232 38,471 205 4.7C6 4.868 5,800 309 4,911 150 Other income TOTAL INCOME 50,341 43.2 EXPENDITURE Dlrect Propety Management costs Admini8tr8tion costs Loan interest- Or¢h9br[ Lt(I 27,453 13,719 5,353 24,396 10,878 5,402 10 TOTAL EXPENDITURE 46.525 40,676 NET INCOME BEFORE GAINS ON INVE8ThI£NT ASSETS 3,816 2.856 G81nl(Lossl on revakJ8tion of investrnenls 15,372 121,0791 NET INCOMEIIEXPENDrruREI . NET MOVEMENT IN FUNDS TOTAL FUNDS AT 1 JANUARY 2023 19,188 (182231 212,655 230,878 TOTAL FUNDS AT 31 DECEMBER 2023 £231,843 £212,655
MISS HANNAH LEVICICS CHARITY BALANCE SHE. 31.DECEM8ER 2023 TANGIBLE FIXED ASSETS Freehold Atrnshouses Le5s.' HOng A650¢iation Grant 148.%8 9),979 151.008 ,979 INVESTMENTS 181,299 161,059 TOTAL FIXED ASSETS 2J.088 CURRENT ASSETS Dttbbrs and Preynts Investment. GOIF DelA¢cOUnts Cash at bank 2441 22.186 10,461 1.910 21,256 11.247 34,413 CURRENT UABILMES Credityrs- Amounlsfalling du¢ wthin anè year 4.280 4,6 NET CURRENT ASSETS ,808 .557 TOTAL ASSETS LESS CURREhlT LIABILITIES CREDITOR8 2&9.396 Am¢)unts frdlling after morB Ihan one r 37,553 37,990 NET ASSETS £Y31,843 £212.655 TRUST FUNDS WLL UNRESTRICTED) Copital Aftsunt (21,4251 124,560 25,303 103,405 P1,4251 119,173 26,874 DeygrAtsd Re5ÈNè8 Inveslrnent R8valuaknn Rese8 TOTAL FUNDS £231,848 £212.655 The financial ststemgnts w8r8 aFproved on a i - 10 - 3)24 byts Tntsts8s and arE sgned C thoir b8haWby". Mr I Vwight Mrs J Hopewell
MISS HANNAH LEVICK'S CHARir NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2023 AccouMllNG POLICIES The Chality constitutes a publlc benefit entty as defined by FRS102. The accounts h8v8 been prepared in aord8nCe wth Accounting and Reporting by Charities.. Statement of ReMMended Pra¢tice appIable to charflles preparing their accounts in a¢eordanc8 with the Financial Reporting Slandaid opplicable in the UK and Republic of Ireland i98ued in October 2019, the Finandal Reporting Standard applicable in the United Kingdom and RepubSiG of Iland IFRS1021, the Charities A¢t 2011. the Church Accounting (Amendmént) Regulations 2006 and UK Generalty Accepted AcGounting Practice. The ffinanck81 stateménts have beèn prepared to give a 'tnJ8 and fairf vlaw and have departed from the Charilios (Accounts and Report$) Regulations 2008 only to trÈ exlenl qUId lo provlde a'lrue and fair, vlew. This departure has Involvéd follwng the Accountlng and Reporting by Charfli¢s: Statement of Reeommended praCte appliGable lo charities preparing their accounts in accordance with Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019 rather than the Accounting and Reporting by Ch8rities.' Stalement of Recommend8d Pra¢ice effective from 1 April 200S which ha5 since been withdrawn. The 8ignlficant accounting poIleS applied in the preparation of th¢se financial statements are sel out below. These poli?Ae8 hove been nSiStentIY apFAied to all years prasenled unless otheN4ise slal¢d. Th• financlal slatèmenls are prepared on a golng concern basis under the hislDiical cost conv8nllon, modified to Include cert#in items al fair valu8. The financi statements in¥lude 811 tran58¢tion8, assets and liabilitles for which the Charity is responsible in law. The Irusle&s Consider that there are no meri¥l uncertainties abctul th8 Charity's ability to continue as a goDig conc&m. The financigl ststements are presented in sterting whÉch is the fvnctional currency of the charity and rounded to the nearest pound. InveBtmènt Investmènts a shown at fair valu8 * the yèar end date, annual surplus or deficit on revaluation is transferred to an Inve81menl Revaluation Reservè {note 71. Current Investments The Charity Sw)Ids cash on deptssii for Investment purposes, which is recorded al transacli¢n price, in order lo obtsln a belter rale of Tetum, thereby in¢rea$ing their incornè enablng them lo meet their obcts. Ca$h at bank The Chaiity holds suffiaenl fvnd5 in order lo meèt its short lerrr ¢a$h commitments as they lall du¢. Dobtors and Crgdltors Debtors and credil¢rs receivable or payable within one year are recorded al transaction prfce. Incomo Income is rscognlsed whén il becomes receiv8ble.
MISS HANNAH LEMCKS CHARITY NOTES TO THE ACC UNTS YEAR NDED 31 OECEMBER 2023 Housing ALA¥o¢latlon grants Housing ASSOCtion Grants (HAG) were m8de by the Departrnenl of the Environment and ulIsed to reduce the $1 of a develownent to an amount which il is estimated can be $a¢viced by the net annual income ol the scheme. In thè balance sheet thg developrnent costs hava been rethjced by Ihe amount of HAG r8ed. Mortgag$ loan The mortgage loan is advanced by Orchardbruok Ltd Ifomwrfy the HOUng Cory)OTation} underlhe lem8 of a mortgage deed. Advan are available only in respect of Ihose developments whKh have been g4ven approval for Housing Associ8tion Granl by the Department of th& Enviromienl or Ihe HouSng Corporalton. Flx¢fJ assets Alm8house5 arg stated at Cost kss a¢¢umulatEd depreciallon and Housing AssccAation Grant. The doveloFwnenl cost of mshousos indud8 the following.. Cost of acquiring land an¢J buiklings Development expenditure Dgpreclallon Dopreciation 15 d)8rged on a straight line basis overthe esfjmaled economic life of the almshouses 812Yo per annum on the cost minus Hwslng Asswation Grant received.
MISS HANNAH LEVICICS CHARITY ES TO THE ACC CE TANGIBLE FIXED ASSETS 12 AJm6houses Launder Street. Th8 Me8dows, Nottingham. Co8t- land buddings 2.486 227,982 £230,468 Depr•cialion- 8t 31.12.2022 charge for year 79,460 2,740 al 31.12.2023 £82.2QO Net bCk va6 31.12.2023 £148,268 31.12.2022 £151,008 INVESTMENTS os CBF Invè8lmenl Fund shares Balance at 31.12.2022 Re-ltweslrnent of dlvidend$ into Shares during year 7.795 73,046 225 Balance at 31.12.2023 8,020 £77,914 Reconulialion of movement in fair value Fairvalue al 31.12.2022 Dlvidends reinvested 161,059 165,927 15,372 Transferto walu8tion re8eNe Fairvolue a131.12.2023 £181,299
hlss HANNAH LEVICICS CHARITY 10. NOTES T THE ACCOU DED 31 DECEMBE CURRENT ASSEf INVESTMENTS 20 Cash hehl for irWestrnt CREDITC Amounts falllng duewthin on? year H•8t and light Artountancyf8es Oreh*tKook Ltd Loan In¢Ae 61 aintenale paid in advan 2.5 389 618 621 2.758 339 PAYE Maintenancè ¢xsts 512 £4,280 £4,856 CREDITORS Amounts falling Ij after rrora than one year Orehardbreok Lttl Loan Th• k)an i& repayab haNye8rly by equal In$lalrnents, tha Instalment ofwhlch falls to be pahy on 30 NoverTrLEr2042. Intetest is payabte ata rats of 14% fixed in 1982 on the outstandiTrJ balance. £37.553 £37,990 MOVEMENTS IN FUNDS At1Jan 2023 Incoftwng Outgc4ng Re8ourca8 Resources Ttansfors At 31 DOC 2023 Unrestiict8d Funds Cawtral Account Revenue Reserves Jnated Reser (nots 81 Invesknent Rgvaluabon Re5erv8 121,4251 119,173 26.874 88,0 121,4251 124,5eo 25,303 103,405 50.341 46,525 1,571 11,$711 15,372 12.655 £65,713 £46.525 £231,843 At1Jan 2022 InciKnir Outgoin9 Re8ource8 R8souice5 Transtsrs At 31 Dec 2022 Unresirietèd Funds C8pitalAccount Revenue Reserves Designated R1Ve$ Inote 81 In¥estrnent R8v8luation R•s•N• P1,4251 114.698 28.493 109.112 121,4251 119.173 ,874 88,033 43,532 40,67e 1,619 11,6191 21,079 £Y30,878 £43,532 £fj1,755 £212,655
MISS HANNAH LEwcifs CHARITY NOTES TO T ACCOUNT DESIGNATED RESERVES Capilal ReseNeAw4Ed'. Transfers lo I fund Irom reven reserves rapr8s•ntlh8 proptybon Df d8velopTntrnt costs not financed by Ihe Housin9 A880atts GranL Extraor(linary Rapay Fwd ThL4 fiJTrJ h85 be8n created to nwt the cost of major repalrB aTrJ renawaLs. Capital Resor Extoordinary Repair Fund Totsl Balance at 31.12.22 Transf8r5 to Revenue Reserv85 TT8nslers to Extraordinary Repalr Fund 21,707 (2.3511 5,167 26,874 12,3511 780 Balan at 31.12.2023 £19.356 £5,947 £25.303 The ts8nst8rto Revenu¢ R1Ve$frOM Capltal ReEerv•sWkd is made upas folkAv& ouni equal to d8predatDn Char9e ferthè ar Amount equal ts k)an repaid 2,740 13891 351 DIREGT PROPERTY MANAGEMÉNT COSTS Counol tsx Ivolds) VWat?r ratès utilitl&s IvDwJsl Extemal IvJhkn"ng Insurance wecialton Gardengrlhandyman $wa988 Day to day rBpairs & rnaintgnan Bathroom r8pLKernenl Ajwm M(x)Itoring 3.0 5,203 127 818 2,085 2,740 2.707 3,675 5,810 3,590 3,990 616 2,740 1614 1,296 £27.453 £24,39e
MISS HANNAH LEWCKS CHARITY 12. NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2023 10. ADMINISTRATION COSTS 223 2022 Td8phone [AMi line-flat 9) SUbscrfpOnS- National ABsc£tIOn 01m$hOuse8 Wardenswagas BlrU)day gifts to res1I8nfs CIÈTs wages CrkS expenses Indepentsnt Fee BIk)kkeeg costs Pay11 costs tising Postage and 8tstion8ry 233 4,077 20 4.437 392 2.7C 13 £11719 £10,878 Therewas no Trust885 r•munerats"on. bgnefits or 8xpenses fcTthe year 8ThJed 31 Jgcambgr 20rJ nor for the yearende(131 Dmber 2022. No 8rnpbyee re¢ei%d tolal emolumènts oymore than £60.OCM). Th& aversge lber0f$taff empbyod was 312072- 31. 11. UNtrs OFACCOMMODATION The Cthaiity h*J 12 ur¥ts in managerrEnlathe b89innkn9 end cfthè F•riOd. 12. RELATED PARTYTRANSACTICWS Thèrè wère no 181 paty Iran5Xt'cns in th8 year.