REGISTERED CHARITY NUMBER: 2184S5 rtofi I SIAieme 02 ttmc mori Haines Watt& Chartered Accountants 117- 119 Cleeth()rpe Road Grimsbj North Easi Lin¢s DN313ET
Francis Willmer M¢Aula Cotla Memorial Conte t ofthe Fi CiT41 Statements for tlie Year E'nded 5 A ril 20 Page Reference and Administrative Details Report of the TnLsiees Independent F.xaminer'5 Report Statemeni of Financial Aaivitie5 Balance Sheei Noie$ lo ¢h¢ FinanLial S¢aieETr¢nts 6 to I I Detailed Statement of Financial Activities 12
Frai)cis Willrrter McAula Cottaaes Memorial Reference and Adminlslrntie Details tor tli¢ Year Ended 5 A ril ?023 TRUSTEFS Mrs J Vincent Mr J E Spilman JP Mr M F Stra%v3on Mr S G l-alconer Mrs S Harnpson PRINCIPAL ADDRE&S 82 Grirnsby Road Cleethorpes Nonh E&4t Lin¢s DN35 7DP REGISTERED CHARITY NUMBER?184$5 INDEPENDENT EXAMINER Haine5 wa, ChHrtered Accountants 117 - 11 g Cledhorpe Road (irimsby North FAst Lirts DN313ET BANKERS Nalional Westrnirksier Bank PLC. 39 CJTimsby Road Cleethorpe5 North East Lincs DN35 7GB Page I
Franc Cotta illmer McAula Memorial ort of the Trustees for the Year Ended 5 A ril 2023 The trusiees preseni their report with the finarKial statements of the ch8rth. for the year ended 5 April 2023. The trustees have adopied th¢ provisions of Accountin¥ and Reporting by Chariiies.. Stat¢m¢ni of Recommended PraLlice applicable to Lharities preparing their accowjts in accordance wrth the Financial R¢porting Standard appli¢able in the UK and Republic of Irelai)d {FRS 102) {effel¥e l January ?019). OWECTIVF.S AND A[VITIEs Policies and ObJeetive8 Thc provision of Almshouse% at Aylesby for aged poor [1)n5 inhabittng Avlesby and the neighbourhood thereof. The origirt¥LI building consied of a blotk of six cottages with an integrdl common rixlrn which was si(uaied at ihe ¢asi end of the block. All of coiiages have be¢n modernised and have central heIng insth11. The Trustees agr¢ed io convert the cominon roottl to become cott#g¢ number seven and this Wds complded and oCp]J in N0ve[nr 1995. It ib policy of the TNsiee5 to mainiain and improve all the Almshouses io a very hi&h llandard in order that all resident5 may live oui iheir liv¢s in comfori digniry.. Rtvkw of attivitle8 During the financial vear the seven ¢ottages have been MaInld to 8 hi8h sland8rd. The net mov¢mertt in fiJnds. before ne¢ gain5 On Invesimcnls. for ihe vear ended 5 April 2023 is a loss of .946 {2022 loss of £7831 whi¢h has been dedUcd ITUrn Unrestrlcted FLiTrJ4. FINANCIAL RF.VIEW R¢8ervts polley It 1% Ihc ('harily's Fx)licy to retain suffici¢ni fimds io coniinue the mornl commimient it has io meei its declared objectives. Publle Benefit 'I'he FTan¢is Willmer M¢Auliy M¢morial Collages provide seven almsho in the village ol-Aylesby for the relired persons of Liood Lharacter are poor persons inhabiting Aylesby and the neIgh1Th00d thereof. Preferen¢¢ is given to applicanls with A riJrallagri¢uliural background. All the cotta8e$ are mainiaincd to a very high standord In order that th¢ r¢sident5 may livc out their lives in ¢omfort and dignity. STRUCTUR£. GOVERNANCE AND MANAGEMENT Con.stitutla The trust 15 a registered chariij,. number ?18455 op¢rdting from 82 Grimsby Road. Cl¢ethoryes. North Lincoln.%hire. DN3) 7DP and 15 governed by the declaration of irusi dated 19 November 1938. am¢nded on 4 April 1955. Method of #ppolntment or el¢¢tkntt of trnstees Tr1151e¢s are Lhosen beCaue nf iheir sp¢ciali5t kTr)wledge whi¢h will be of bencfit io the Charity. Tru$iee$ do nol re¢eiv¢ training from this Charii).. Principal activltks The purpose of the charity is io maintain Almshouses in the parish of Ayltsby for use by p¢rsons of the parish of Aylesby and the surroundin& disiricis. Approved by order of the board of trstee$ on ........ . and signed on behalf by.. Mr J E Spilman JP- Trustee
Inde endei)t Examiner's Re ort to the Trust¢es of Francis Willmer McAula Memorial Cotta Independent examiner's report to the trnsttes of Fra*cis Willrner McAul8y Memori#l CottaEes I report to the Lharity mistLiS on mv exkmination of the account5 of Francis Willmer M¢Aulay Memorial Cottages Ithe Triisil for ihe year ended 5 April 202i. Re5pon5ibillties and b¥sLs of rnport As the charity trtteS of the Trnm )'ou #re responsible for the preparntion of the accounts in accordance with the requirements of the Charities Act 2011 I'ihe ACV). I r¢por( in respect of mv examination of the Tru.$ accounts carried under Seclion 145 of the Act and in canying out my e%aminaiion I have followed all applicable Directions given by the Chariiy Cornrnission under Setiion 14515Kb) of the Act. Independent ¢x&mlner's st•ternent I have compleied examination. I confirm that no material mattcrs have come io my att¢ntion in connection with the examin81ion giving me Cau io believe that in an> material resM'. 8ccounlinE records were noi kept in resp¢ct of the-1-Tl as qUired by Stttion 130 ofthe Act: or the ac¢ounts do not a¢cord wilh those record5: or the a¢¢ount.s do noi comply wilh ihe ¥pplicable requirements COTKeming the form and content of aOUnt5 s¢1 out in the Charilies (AccouDiS and Rewrts) Rcgulalions 2008 oiher ihan any requirement that the accounts give a true and fair view. which is noi 8 maller considered as part of an Indepe]ent examination. I h8ve no concern5 and have come across no oih¢r mallers in connection with the examinaiion to which ottention should be drywn in this report in order to enable a proper undcT5tanding of ihe accounts to be reached. Jennifer Toulson FCA Haines Watts. Chartered Accounianls 117- 119 Cleeihorpe Road (irimsby North Fast Lines DN313ET Date., Page 3
Francis Willmcr M otta ulav Memorial Statement of Financial Acti&iiies for the Y Ended 5 A ril 2023 5.4.?3 Unre5tri¢¢ed fijnds Re5trided fund Totsl funds Notes INCOME AND ENDOWMENTS FROM Donatioiis and legacies 3.000 Other rrading a¢tivities Investment income ?6.505 4.649 26.505 4.649 ?5.453 2,399 Totsl 34.154 34.154 27.852 EXPENDITURE ON ChArlt8ble activltl¢s Charithble 42.IrK) 42,100 28.635 Nei gains on invesiments 6,560 6,560 1.742 NET INCOMV{EXPENDITURE) 11.3861 (1.386) 959 REcof4CILIATION OF FUNDS Total funds brought forward 259.265 18.894 278,159 277.200 TOTAL FUNDS CARRIED FORWARD 257.879 18.894 276.773 278,159 The Th)t¢s fomi part of these financial statements Page 4
Francis Willmer McAula Colta Memorial Balance Sheet 5 A I'll ?023 5.4.22 Total funds Unre5trided Restri¢t¢d fund Total fiujdy Notes FIXF.D ASSF.TS Tangible assets Invesimenis 41.899 163.046 18,894 60.793 163,046 60.793 156.486 204,945 18.894 223.839 217279 CUIiR£NT ASSETS Debinrs Investinents Cash at bank 541 489 53.665 53.665 61.591 54206 54,206 62,080 CRF.DITORS Amountq falling due within one year (1272) (i ?001 NET CURRENT ASSETS 52.934 52,934 60.880 TOT AL AS%ETS LE&5 Cb'RRF.NT LIABILITIES 257.879 18.894 276.773 278.159 NET ASSETS 257,879 18.894 276.773 278,159 FUNDS UnrestriclL.d funds Restricted fund5 10 257.879 18.894 259,?65 18,894 TOTAL FUNDS 276,773 278.159 The financial statements were approv¢d by the Board of Trustees and authoriqed for issue on and were 8i8ned on ils behalf hy- Mr J E Spilman J . Trustee The notes form part of these financial staiements Page 5
Francis I,11]Mer MCA C,oTta es em Notes to the Financial Statements for the Year Elided 5 A ril 2023 ACCOUNTING POLICIES Basls of preparlng the flnaneial ststemtnts The financial siaieTnents of rhe charity. i¥hi¢h is a public nefIt entity under FRS 102. have been prepared in accordance with ihe Charlties SORP IFRS 10?) 'Accounting #nd Reportin by ChaTities'. Siatement of Recommended Practice applicable to charities preparing their a¢Unts in aordanCe with the financial Reporting Standard applicable in ihe UK and Republic of Ireland (FRS 102) {effective l January 2019),. Financial R¢porting giandard l O? 'The Financial Reportinby Standard 8pplicable in the UK and Republic of Ireland, and ihe Chariiies Art ?01 l. The financial siaremeni% have been prepared under the hiOr1e81 cost ¢onv¢ntioN wth the exception of inv¢5tmenls which are included ai market value. lwcome All income is recogniscd in the St#t¢m¢nt of Financial Aciivilies once the charity h&4 entitlement th the funds. it is probable thAt the income will be received and the ainount can measurcd reliably. Expenditure Liabilili¢s or¢ recognised as expenditure &$ soon as theTe is 4 legal or construcrive obligaiion committing ihe ¢hArity io thai expenditure. li is probable that a transfer of economic benefits will be TequiT¢d in seiilement and the amount of the obligation can measured reliably. P.xpendi¢ure 15 accounted for on an accrnals basis and ha5 been classified und¢r headings iliat aggregate all cos1 related to the category. Where co$ cannot be directly attributed to parti¢ular heudiiigis thcj haie bn alloca11 io aclivilies.on a basis consisteni with the use of resourc¢5. T4ngibl¢ fixed #&sets I)¢preLiation is provided at the following annual rates in order io write off each assd over ils esiimaied useful life. F.quipmeni I/00n¢0 Fund Aetountin% (icncral funds a unrestrided fvnds which are available for use ai ihe discTetion of the Trustees in furtherance of the general objectives of the charity and which have not been d¢signoied for other purposestrustees. Designated funds comprise unr¢strithed funds ihat have be¢n set &8ide by the Trustees for particular purposes. Restricted fund8 arc funds which are io be used in accordance wilh specific [cric110ns imposed by donor% or wl)Ich hae been raised by the charity for particular purposes. The Costs of raising ond administering such funds are charged against ihe specific fund. Invesunent income . gains and lo& are allocated io the appropriate fund. ln%estmets Investmenis are stated at market value at thc balance Sheet date. The Statement of financial aciivates includes thc net gains and losses arising on revaluations and disposals throughoul the year. Housing propertbes The Housing properties comprise freehold land contsining 2 acr¢5. 3 ro5 or ihereabouts situat at Ayl¢sby. North East Lincolnshire and having a frortge of300 fed or ihereal)outs to the road leading from Aylesby to Great Coates with the 7 Almshouses and other buildings thereotL knowij as the Frdncis Willmer Memorial Cottage5. continued...
Francis Willmer McAula Memorial Cotta es Notes to Ihe Financial Statements - continue for tlie Year F.iid¢d 5 A rii ?023 ACCOUNTING POLICJES- <on¢iTrutd There is no record of the Original cost of the cottages so an a&s¢5s¢d value of £2,OLKJ at 13 S¢pt¢mber 1929 has b¥n used. The remainder of the cost figure relaies to subsequent iTnprovements to the cottaues funded by Social Housing Cirant. The Social Housin& Grani is credited to ihe Slemeth of Financial Activilies %then Te¢eled and ihen transferred to a restricred reserve. The grani is repayable under certain circumsiances. primarily followng the sale of the property will be restricted io net proceeds of sale. As the cottages are maintained in a sthte of repair such thai their estirnated re5Ldual value is not less than their improv¢ment cost of caTrying aJDouni. the annual charge for depreciation would k nil. CyelleAI repalrs and rn4lntenaDe¢ The Charity has e$toblished a regular programme of cyclical repairs and Maintena¢. Costs are charged to the Revenue Ac¢ouni in the year in whith they are incuTrnI. Exlr40rdinrv repairs c.osts of Extraordinary Rqjairs. unless represeniing improvements io the propertie5. are charged to the Revenue Account in th¢ year in whiLh they arc in¢urred. OTHER TRADINC* A1VITIEs 5.4.23 5.4.22 Maintenance contribulions 26.505 25,4J3 INVESTMF.NT INCOME 3.4.23 5.4.22 LAF Invesiment Income Bank inleresi 4,427 222 ?.393 4,649 2,399 TRUSTEES, RF.MLNERATION AND BENEFITS There were no trsteeS. remuneration or other benefits for the year ended 5 April 2023 rKJr for the year ended 5 April 2022. Trugttt8' expen5e$ There were no trustees, expen%% paid for the year ended 5 April 2023 nor for the year ended 5 April 202? Pabye 7 continued..
Francis Willmer McAula Memorial Notes to the Financial Stateiiients- continued for the Year Ended 5 A ril 202 COMPARATIVES FOR THE sfATEMENT OF FINANCIAL ACTivrriES Unies(ri¢ted funds Restricied fund Total fund5 INCOME AND ENDOWMENTS FROM Other trading activities Inveslmellt Income 25,453 2.399 25.453 ?.399 Tot*1 27.852 ?7,85? F.XPF.NDITURE ON Chsritable aetivitics Charitable 28.635 28.6.15 Net gains on investmen1$ 1,742 1,742 NET INCOME 959 9.$9 RECONCILIATION OF FUNDS Total fvndq brought foriward 258,306 18.894 277,200 TOTAL FUNDS CARRIED FORWARD 259.265 18,894 278.159 TANGIBLE FIXED A&SETS Fre¢hold property Equipment Totals COST At 6 April 2022 and 5 April 2023 60.793 4,744 65,537 DEPRECIATION Al 6 April 202? and 5 April ?023 4.744 4.744 NET BOOK VALUE At 5 April 2023 60.793 60.793 At 5 April 2022 60.793 60.793 Th¢ trust property is Yested wth the Official cU0d1#n for Charities and wa5 inSUredUnng the year for £2.417.092 (20?2.. £2,048,556). Page 8 continued..
rrancis Willmer McAula Cotta Memorial Notes to the Financial Statement5- continued loi. the Y 5 A ril •023 FIXED ASSET INVLSTMEP4TS Listed Securities MARKET VALL'E Ai 6 April 2022 Addition5 Unrealis¢d ga1(lOSs} 156.486 6,560 At 5 April 2023 163.046 HISTORICAL COST 109,041 Investment5 #t market value comprise.. 5.4.23 5.4.22 I,i8ted invc5¢m¢nis 163.046 156.486 All ihe fixed a55et invesimenis are hcld in the UK. DEBTORS: AMOIINTS FALLING DUE WITHIN ONE YEAR 5.4.23 nther debtors 541 489 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YF.AR 5.4.23 5.4.22 Other creditors 1272 1.200 10. MOVEMENT IN FUNDS Ne¢ movemenl ID funds Ai 5.4.23 Ai 6.4.2? UDr¢stri¢ted fvnds General fund Cyclical Repairs & Maint¢nance Reserve F.xtraordinary RepaiTr Reserve 229.1 $2 3.174 26.939 (1.386) 227,766 3,174 26.939 259265 (1.386) 257.879 Res¢rScted funds Restrictcd Funds 18.894 18,894 TOTAL FUNDS 278.159 (1,386) 276.773 Page 9 ¢ontinued...
Francis WillTner McAula Cotta es emorial Notes to the Financial Statements- continued for the Year Ended 5 A ril 2023 io. MOVEMENT IN FUNDS- contlDu Net movement in fviid& inclt4lcd kn the alx)ve are as follows.. Incoming R¢sourccs expended Gains and 1055¢5 Movement in ndS Unrestritted funds Cjeneral fund C)clical Repair5 & Maintenance Reserve 31.154 (39.100) 13,000) 6.560 11.386) 34.154 (42.100) 6,560 (1,3861 TOTAL FUNDS 34.154 (42.100) 6.560 (1.386) Compratlves for movemtTht IA fuThds Ner movement in ndS Al 5.4.22 At 6.4.21 Unre.Itrieted General fijnd Cyclical Repairs & Maintenar¢ Reserve F.xiraordinary Repairs Re¢ 221,943 9,424 26.939 7,209 (6.250) 229.152 3.174 26,939 ?58J06 959 259.265 Restricted fuods Restricted Funds 18,894 18,894 TOTAL FUNDS 277.200 959 278.159 Comparative ner movement in funds, included in the alx)ve are &$ follows.. Inwmin8 resources Resources exwde Gain5 and losses Movement in fund5 Unrestri¢ted fund5 (ieneral nd Cyclical RepaiTS & Maintenance Res¢rv¢ 27.852 (?2.385) {6250) 1.742 7.209 {6,250) 27.852 128.6351 1,742 959 TOTAL FUNDS 27.842 (?8.6351 1.742 9S9 Page 10 continued...
Fi'ancig Willmer McAula Memorial Cottaoes Notes to Ihe Financial Statements - Continued for tlie Year Ended 5 A ril 2023 io. MOVEMENT IN FUNDS- continued A cutTent year 12 monihs and prior yar 12 months cornb11 posiiion is &8 follow¥.' Net movement in funds At At 6.4.21 Unrestricted funds General fvnd Cyclical Repairs & Maintenance Reserve F.xiraordinary Repairs Reserve 221.943 9.424 ?6.939 5.823 (6.250) 227.766 3,174 ?6,939 258.306 1427) 257.879 Re¥tri¢ted funds Res¢ric(ed l.'unds 18,894 18,894 TOTAL FUNDS 277200 (427) 276.773 A current year 12 months and prior year 12 months combined movement in funds, included in the above are a9 follows: Incoming Resources expended Gains and losses Moveinent in funds Unrestrlcted jeneral fijnd Cyclical Repairs & Mainten8n¢¢ Reserve 59.(K)6 3.000 (61.485) 19.250) 8J02 5,823 {6,250) 62.006 170.735) 8.302 (4?71 TOTAL FUNDS 62,006 (70,735) 8,302 (427) RELATED PARTY DISCiA)SURES There were no related party transactions lor the year ended 5 April 2023. There were also no related party transactions for the prior year ended 5 April 2022. Pagell
rancis Willmer McAula Colta Memorial Detailed Statement ot Financial A¢tivities foi. the Year Ended 5 A ril 2023 S.4.23 5.4.22 INCOME AND ENDOWMENTS Donatlons and ley¢le$ Donations 3.000 Other trHding Aetivities MaintenaTh¢¢ contributions 26.505 lrti'estmen¢ itteome CAF Invesunent Income Bank interest 4.427 222 2,393 4,649 ?.399 TotMI in¢omlrti res0r¢¢$ 34,154 27.852 F.XPF.NDITURE Ch¥4ritable aetlvltles Repairs & Maintenance Wind(>w Cleaning Water chaTges Insuran¢¢ .le¢triciiy Miscellaneoiig experyqes Alin5house Asso¢iaiion Sub5¢ripiions Heatinbl Oil Garden Maintenance Adinin Charge Pest Lontrol Project5 17209 852 1.899 1,523 179 608 188 7.344 ?.588 5,438 917 1,372 1233 420 314 182 6.750 2.450 5,438 160 5.36n 3.000 40.828 27.435 Support costs Go*erngnce costs Accouniancv and legal fees 1,272 1,200 Total rcsources expend¢d 42.100 28.035 Net expeThditure (7.946) {7831 This page does not forn) part of the llattrtory financtal staiernents Page 12