Trustees. Annual Report for the perlod I, (HARtTY (oMM15514 PwiL¥J SW dale Peri¢)d end dale Day 31. 2C4 From Tc• Section A Reference and administration details THE HORTON ALMSHOUSES Othor names charlty is known by Registered charity number (rf any) 218452 Charws wlnclpal adth•ss D6mbleby House 12 Broad Street SpaklirwJ, Lincolnshire Postc¢xle PE11 1ES Namès of the charlty trusteès who manag• th• ¢harity Dat•s xted 11 not foT wholo nam offi 111y) N•m• of pv•on (¢Y body) entltl•d olnt tru$t•• Mr L J Brown Mr C R Modey Mr S Wiseman 10 12 13 14 15 16 17 18 19 20 Names of the trustees for the charity. rf any• (for •xample. any custodian trustees) Name Dates acted rf not for whole ear TAR March 2012
Names and addresses of advlsors (Optlonal Infomiatlon) ol advIr Namo Legal Advlsors Chattertons Dembleby House. 12 Broard Streey. Spalding PE111 ES Name of chlef oxecutlve or nam of sènlor staff members (Optional Infomiatlon) Section B Structure, overnance and mana ement Descrlptlon of the charlty's trusts Deed of conveyan Dated 12 September 1893. Will Proved 28 April 1905 Type of goveming document leg. Irusl deed, Gon51itUÈlL'-I, How charity is constituted ley. Irusi, associaiion. compai I Trusl Trustee selection methc4ds leg. dpyoinie(J by. eie¢ieu L,. The Trustees are appointed by the existin9 Tntstees wrsuant to paragraph 2 contained in the Deed of Conveyan. Addltlonal govèrnancè i8su•s (Opti¢>nal information) You may ehoose to include additional information. where relevant. 8boul'. policies and procedur8S adopted for the induction and training of trustees- the charity's organisational structure and any wider network with which the charity works; • relationship with any relatéd parties; trustees, consideration of major risks and the system and procedures to manage them. Section C Ob"ectives and activities The provision of Amshouses for aged aTKI poor persons over the age of 60 yeats or in case of husband and wife. one of whom is over that age. being inhabitants of either Boston or Skirbed(. Summary of the objects of the Charity set out In its governlng document TAR March 2012
The Trust provides buroalow accommodation for the elderly and infimi who are inhabitants of the parishes of Boston or Skirbeck. The bungalows have one bedroom, a bathroom, kitchen and loung8ldin8r. The bungalows have small lobby entrances. There are small gardens to Ihe front and rear of the bungalows for ihe benefit of the inhabitants. The inhabitants must be over the age of 60 years or in the case of husband and wife. one of whom is over thal age. Summary of the main actlvltlos undertaken for tho publlc bonofft In rnlatlon to these objects Ilnclude wlthln thls sectlon the statutory do¢laration that trust••s have had regard to tho guidanc• issued by the Charity Commission on public benefit) The Charity pays for the annual servicing of the gas applIanS in the bungalows, pays the anrKJal water rates. The Charity pays to maintain and repair the bungalows as arrtj when required. The Charity is updating the central heating systems with more efficient boilers when necessary. The Trusteès have had regard to the guidance on public benefrt ISSL by the Charity Commission when exercising their powers and duties when relevant at their Trustee meetings. Additional details of objectives and activllies (Optlonal Infomwtion) You may choose to include further statements, where relevant, about: policy on grantmaking., policy programme rdated investmenl., contribution made by volunteers. TAR March 2012
Section D Achievements and performance Summary ofthe maln achievements of the charity during the year During the yéar the bungak)ws have teen kept in good order by a variety of minor repairs and renewals being carried out. Induding the replacement of boirS and extemal works to improve the properties. On6 of the properties has undergone a bathroom refurbishmenL In 2023 the Trusteès made Ihe decision to refurbish properties. Three properties were uninhabiiabl8 and so il was agreed to spend significant funds on gettirnJ two of the properties habitable and relet. The properties refurbishrnent has completed during 2024 and both properties have now been ré4et. The charity has completed works to tidy up the front exterior of two lurther properties. in keeping with the refurbished ones. All W(wOrk has teen painted and roof tops cleared and some bk)th Work compleled to th8 ouiside t(Jarders. The Trustees also considered the WMC payments as residents had been paying a low ratè for many years. The trustees have come to a decision to increase the nI at £60 per week to £62.50. For the resbdents paying £80 per week. this will increase to £84. The trustees are aware that somp of the properties have an issue with damp. At this stage they feel the work is a major tssk and they will monilor and review in th8 fuiure. TAR Ilarch 2012
Section E Financial review The properties owned by the trust are intended to be held indefinitety for the furtheranGe of the goals of the Charity. The Trust holds investments with the intent of generating income to enable the continual repairs required to keep the properties in 0d condition. The Trust retains monies W on behalf of the Charity in interest tearing accounts. Briof ststwnent of the charity's policy on roserv Details of any funds matèrially in deficit Further financlal revi details (Optional Infornn> The Trustee5 had rewewed the investments arKI feel they are underperforming. bul decided that the cost to review the perfomance al this point would outweigh any gain. This will continue to be monitored goiThJ forward. Thè rént has been SIh11Y increased to reflect the new work done to the properties. The truslees have also made the decision to no longer pay the T V Licence on behalf of the residents. You may ch0038 to indude additional infomiation. where relevant about= the charity's principal sources of funds (including any fundraising). how expenditure has supported the key objectives of the charity: investment policy and objectives induding any ethical investment policy adopted. Section F Other optional information Section G Declaration The trustees declare that they hav6 approved the trustees, report above. Slgnod on bèhalf of the charlty's trustees Slgnature(s) Full name(s) Mr S Wise Position lag Secretary. Chair. Trustee etc) TAR March 2012
Horion Almshouses 218452 IHARIty IOMMISS Receipts and pa ments accounts CC16a F(wth¢ perhod Period siail daic Period dale To 1ST JAN 2024 31ST DEC 2ffd4 Seclion A Receipts and payments lknrestrlct•d fund• R•8irfct•d EThlowm•nt ld Total fund8 L•st y•8r A1 R•c•l RENTAL RECEIPTS WAR ST(XK NTEREST BANK INTEREST DWIDEND INCOME BANK COMPENSATKJN 1A36 1.4J8 104 Sub tolal fGross for ARJ A2 A8s•t and In4wtsn•nt 141•4 Is•• t•bl•). 25,912 INVESTMENT WITRAwL Sub lotal 10J3Z1 A3P• INSURA IIATES ANDCTAX LIGHT AND HEAT TV LfENCE KWAGEMENf FÉES nt• 1.17S 192 1.175 41B2 3JD (748 ooo 11000 1.137 611 SVBSCRPTK)NS REPAIRS ANO RENEWALS REFURB COSTS SWDRY 4657 71.120 160 107.241 1534 1&534 931 37AO8 Sub to A4 As8•1 and ln¥tm•nt urchawa. tsblè) It85trefit Addilpxffj. ¥lnds1 knterest 3081 J,4$1 Sub to 110.730 Net ofr•Gflptrfpaymonfs) A5 Tran8fer8 botwmfi lunds A6 Cash funds last y•ar •nd Cash funds thls end 1MI ISO9 5.954 4.07 138 5.954 CCXX R1 accounts ISSI 12102r1025
Section B Statemenl of assets and liabilities at the end of the period Unr¢strlctgd fvnds R•strl¢t•d lund¥ to nTrar•8t£ Endowm•nt funds Categorles Details B1 Cash funds LLOYDS TSB &4tr4( ACCCIJNTS 1935 Tolal c•sh finS 3.935 s)) Owmenl E[ CM R•strlcted Endowmont fund fvnd$ UnrMtrf¢ted funds Detalls Nsal to noar•Bt£ to nBaroBt£ 82 Other moi)otary amets to whlch aBwl Curr•nlvaluo D•talls B3 Investment as8•t8 NAACF J173AC SFMRES RESTRICIED 15,133 RESTRICIE NS&I RESTrICTED Fwwj to whlch •u Currnnt val Details 12 ALMSHOiEES Cojt lopi10n) B4 Assots retalned for the charltys own use iJNRE3TRICTED 1YTr178 FRIE5TOM IIC4D. 8OSTC FWKI toYhbBh Ilabllmy knount du• lon•1 TMn onal Details B5 Llabllltloj Swjned by on8 Irwtees on behatt of al th8 trustees Prirt Namè DH¢g of Mr S Wiseman 0310212025 CCXX R2 acwunts ISSI
J- CHARITY (OIU11551 Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl membors of Charity Naffle THE HORTON ALMSHOUSES On accounts for the year ended 31st DECEMBER 2024 Charity no (If any) 218452 Sot out on pag (remember 10 in¢lude Ihe page numbers of adeikn.onal sh2elsl Respoctivo The charitys trustees are responsible for preparation of the accounts. responslbllltlos of The charity's trustees consider that an audit is not required for this year trustees and oxamlnor under section 144 of th8 Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibilty to: exarnine the ac(yJunts under sectw 145 of the Charities Act, to filoW rxocedures laKI down in the general Directions given by the Charity Commission {urNJer section l4SXb) of the Charities Acl. and to state whether particlar matters have come to my attention. Basi8 of Indepondwrt My examinatK)n was carried out in accordance with general Dirèctions given gxamlnerfs statement by the Charity Commission. An examination include$ a review of th8 accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disdosures in accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertak6n do not provide all the evidence that Vuld be required in an audit. and consequently no opinion is given as to whether the accounts present a 'true and fairf view and Ihe report is limited to those matters set out in th8 statwnent below. Independent In connedion with my exarnination, no maller has Corne to my attention examinerfs statoment (other than that disclosed below ") 1. bthich gives reasonable cause to bellave that in. any material respect. the requirements.. to keep accounting records in accordance with SeCtn 130 of the Charities Act: and to prepare accounts whith aord wilh the a¢¢ounting records and comply with the accounting requirements of the Charities Act have Thjt been met: or 2. to which. in my opinion. attentN)n should be drawn in order to enable a proper understarmling of the accounts to be rea(*ed. . Pkase d81été th8 ordS in th8 brackets rfthey do not apply. Slgn•d: Date: Name= Ann8tte anlon Rèlevant professional qualificatlon(sl or body (If any): Association of Chartered Certified Accountants IER March 2012
Address: T C Group, 75 High Streel Boston. Lincolnshire PE218SX Section B Disclosure Only complete if the examiner needs to hhlIght material problems. IER March 2012
Give h•re brief details of any items that the examiner wishes to dlsclose. IER March 2012