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 Adminlslrnti￿e 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) {effe￿l¥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 consi￿ed 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 he￿Ing insth11￿. The Trustees agr¢ed io convert the cominon roottl to become cott#g¢ number seven and this Wds complded and oC￿p]￿J in N0ve[n￿r 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 MaIn￿l￿d 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 dedUc￿d 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 neIgh1￿￿Th00d 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 beCau￿e 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 tr￿stee$ 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 tr￿￿tteS 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-T￿l 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 a￿OUnt5 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 a￿ordanCe 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 hi￿Or1e81 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 b￿n alloca1￿1 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 [c￿ric110ns imposed by donor% or wl)Ich ha￿e 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%estme￿ts 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 ro￿5 or ihereabouts situat￿ at Ayl¢sby. North East Lincolnshire and having a frort￿ge 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- 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