Orrne Almshouses Flnanclal Statements For The Year Ended 31 December 2023 Dexter & Sharpe (L1 Ctsrtered Certrf*d Acmuntants l East8ate Louth LnShIe LNII 9NB
Orme Almshouse5 Accounts for the r ended 31" December 2023 £tual 2023 Actual 2022 Recei 48.063.38 46.491.1)0 NUOF Income 5h¥e5 591.98 102.29 0.53 545.25 lrtsthntA¢¢. Styer. IcvN•AlCFEthj1j COIF interest recewd 694.80 0.12 545.37 Generil nh)¥ewt 108. 45.00 126.¢)0 45.¢XI TVL£nfetTeCly•Yry otr Total Alpty 48,911.18 47,207.37 G1¥rs.¢I1h.ERs NII . W•rthNldl L 10,550.04 240.00 2.152.07 6,720.62 453.24 4.672.94 1,847.94 9,942.96 1,410.C 3.784.09 6,49).72 639.05 4.988.40 1,573.87 355.59 322.LKI 528.C 234.fJ) 664.99 161.69 1.598.35 45. 126.co 529.38 W•tirchwys G•$ E1rk G•rd•ni InwiDrKe yeFD Sub5crfptbn5- N Ic<tyJnuryFe pwlSer4k11 He1h. Wttv & Well•re P4siiy. 5t•lkirry & G•Mr•l M•ini•n•r< 333. S76.LK) 258.th) 960.70 211.72 1.710.16 45.LKI 108. 491.99 TVLkens Total Payments 31,675.92 33.394.09 Malntenance Provlsknl Tr•n5Iert<Cyclr M•4iren1n Furo TrnD51ertoEfaDrdinJry Reyir5Fund TrnnslerEr•Vdn0ryFund ioGen¥ hjnd 5.(LKI.IXI s.f.[Al 3.C*)O. 3.(]. Surplus l Defi¢lt l.) for the yur 7.235.26 7.813.28 Ical Malnten AairS TransferfvomG•nwalA(C•Jnt -2,922.47 S.1.() .273.09 3.OCQ.t Sur 2.077.53 -3,273.09
Bala19 Shq•t•• at 31"D•¢•mb•r 2023 2023 2022 I112019. 21421 tIA4C1FAccuMukntA 5hwEs I5578NcIF Incomes 213.125 18 13.992.16 2W.667.11 13.756.93 Tot•1 227.11731 114,424A)4 LkdsTSB Tre•5uier4KccoJnt I1$ Instant AttountS•wr co Depos attryJn¢ Comforts Fund Petty cash Cr•dlto 915.97 21&)2.29 12A1 543.55 Is%4.$9 11.28 543.5S 42S.10 -2.440.51 .1188.64 Totsi 17J16.79 13.604J)) 255JJ34.13 128m8 8ilinEtit l nary1013 JiphJX ltsi ihe ve•r Ch11n v•bJ¢ofNUCIFlr<om•sh¥ 39.54 7J35.26 235.13 97168.67 7AI3.28 442.41 T¢A 112,71th0J 105,2Y9.54 513.SS 54355 OD) ip$ loi ihey• Toi y).ss B414rtct•t i l•nu•ry 2023 Jrplusliothcrtl l.Iforth•y 15m2.22 2JJ77.53 19.16531 -3.273.C*J Trrt 17.969.75 15J92.22 BIntI It l J•nuiry 2023 Chani•inv•hJ•oINMCIFk¢wrwbMbJn4wY5 ildin¢Repairs TranslerlromGentt4 aCCnt I¢A352.73 109,2fj0.99 l.S73. -7.481.56 To 123JiO IC6.3S2.73 25SM(IJ 22&028.04 klrDSievErw t<hOoI1heTlLtee5
Orme Almshouses Notes to the Ilnan¢lal stsiements for the year ended 31 December 2023 l Accountlng PolSdes Basls ol preparatlon The financial statements have been prepared in accordance with Accounting and Reporting bv Charities.. Ststement of Recommended Practice applicabk to charities preparing their accounts in accordance with the Financlal Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021 leffertive l January 20151- Icharities SORP IFRS 10211 and the Financial Reporting Standard applicable in the UK and Republic of Iland IFRS1021. Orme Almshouses meets the definition of a public benefft entity under FRS 102. Assets and liablities are initially recognised at histwlcal cost or transaction value unless Otherwise ststed in the relevent accounting policy note. 2 Investments Investments are shown at valuation at 31 December 2023 INAACIF $h4res at bid pricel, except the Almshouses and Land, Eastyate Louth. on whbch no value has been plawl. Page 3
INDEPENDENT ACCOUNTApifs REPORTTO ORME ALMSHOUSES We report on the accounts of Omie Almshouses for the year etxled 31st December 2023 which are set out on pa8es I to 3. RespectS¥e responsibilit5e5 of th• Trustees and examln•r The charity's twstee5 are responslble for the preparation of the acctyjnts. The charity's trustees consider that an audlt is not required for this year under section 144 of the Charities Act 20111"the Charities Art") and that an Independent examination is needed. It is our responsibility to.. examine the accoLrnts urKler sectlon 145 of the Charitres Act.. to follow the procedures laid down in the General Directions given by the Charity Commission under section 145151 Ibl of the Charities Act. and 111. to state whether particular matter5 have come to our attention Basss of Independent examlnrfs report OUT examinatlon was ¢aTTied out In accordance with the General Dire¢ti0ft5 given by the Charlty Commission. An exambnation includes a revlew of the accounting records kept by the tharfty and a comparison of the accounts presented wlth those records. It also In¢ludes consideration of any unusual items or dSsclosures in the accounts. and seeking explanations from you as the Trustees concerning any such matters. The procedufes undertaken do not provide all the evldence that would be required in an audit and consequently no opinion 15 given as to whether ihe accounts present a'true and falr vlew, and the report is limited to those matters set out in the next ststement. Ind•pendent exarnSn•r's statement In connection with our examination. no matter has come to attentlon.. 111 which gives us reasonable cause to belleve that In any materlal respect the quIrementS.. to keep accountin8 rerdS in accordance wlth section 130 of the Charltles Aci- and to prepare accounts which accord wrth the acc¢)untlng records and comply wlth the accountin8 requirements of the Charities Art have not been met or 121 to which. in our opinion, attention should be drawn In order to enable a proper understanding of the accounts to be reached. D£rter & Sknrpe [Loh) Dexter & Sharpe ILouthl Chartered Certified Acc¢)untants and Reglstered Audltors l Eastgate Louth Lincolnshlre LN119N8 Dated.. 27 April 2024 Page 4
Trustees, Annual Report for the period Period date Period end date To Section A Reference and administration details Charlty name ORME ALMSHOUSES Othor names charity is known by Reglstered charlty number (rf any) 19705 Charfty's prlnclpal address THE LODGE 143 EASTGATE LOUTH Postcodo LN119AJ Names of the charlty trustees who manage th• charlty D•t¢¥ •ct•d rf not for whot• Trust•• nam• Offle•111 any) N•m• ol p•r•on lor body} •ntitl•d to olnt tru•t•• Il*n A C J HICKMAN J HOWARD P V WILLIAMS M ROBINSON J G PURVES S R RODDEN S EVANS S PARKIN Chair ReSned 9° February 10 12 13 14 15 16 17 18 19 20 Names of the trustees for the charity. rf any. {for example, any custodlan tN8ts0$) Name Dates acted If not for whole ear TAR March 2012
Names and addresses of advisers Iopllonal Inforniation) of advlser Name Address CCOUNTANTS EXTER & SHARPE EASTGATE, LOUTH, LINCOLNSHIRE. LN119NB Name of chlef executlve or names of ¥enlor stsff membern (Optional inforniation) AVID STEVENSON Section B Structure, overnance and mana ement D•scrlptlon of the charws trusts TRUST DEED DATED 17 JANUARY 1885 AS VARIEO BY THE SCHEME DATED 26 NOVEMBER 1968 Type of goveming document How the charity Is constituted TRUSTEES Trustee selection methods APPOINTED Addltlonal governance Issues IOpUonal Infomiallon) A comprehensTve Welcome Pack is handed to a new tnjstee to enable them to feel supported and infomied on the policies and procedures of the Charity. You may choosg to include additional inforynation, where relevant, about.. The Charity is a member of The Nationd Almshouse A&%)allOn which provides help and adVe on any issues. polides and procedures adopted for the induth'on and training of trustees- the charity's Ofganisational structure and any wider netrrk with vthich the charty works., • relationship wrth any related parties; trustees, consideratK+n of major risks and the system and procedures lo manage them. The Trustees are SatiSfd that Systems are in place to manage any risks faced by the Charity. The day to day management of the Charity 1$ delegated to the Clark. Regular contad is maintained between the Clerk and the Trustees. Risks are Kdenttfied. assessed and conlrolled on 8 regular ba*'s. Planning of work adiviti'es for the year has been reviewed at a Trustee meeling. In particular, comprehensive insurance cover is in place and finanoal manajement is kept under review. All Truslees give their time vc4untarily and receive no remuneration or other benefrts. Section C Ob'ectives and activities To provide accommodat for men aged 55 or over, bachelors or widowers. Summary of the objects of the charity set out In Sts govornlng document TAR March 2012
During the course of the year general mantenance and improvements have been carried out. We welcome applications from those in financial hardship or otherwise disadvantaged. The Trustees confirm that they have referred to the Charity Commission's guidance on public benefft when reviewing the Trust's aims and objectives for the year. Summary ofthe maln activities undertaken for the publlc benefft In relatlon to these objects (include within th18 $8Ctlon the statutory declaratlon that trustoes have had regard to the guidan¢• Issued by the Charlty Commlssion on publk bonefft) Addltlonal detsll• of objoctlves and actlvftles (Optlonal Inforniatlon) You may choose to include further slatements, where relevant. about: policy on granlmaking., policy pro3ramme related investment., contribution made by volunteers. TAR March 2012
Section D Achievements and performance Summary ofthe main achievements of the charlty during the year Latest spe¢tfiGgtion EltriC Circuit Box (incl.30MA lrip) has been installed in the Lodge residen and all electrical f&ilities have been cheGked. The Lodge rec&ved new residents in 2023. All residences have current vaidated Electrical Certtficates to, at least, June 2025 & all remaining older Electric Circutt Boxes will be upgraded to the latest specffications pre June 2025. We harfe •pointed 3 new residents. in total. during 2023. One redence has been fully redecorated & has subsequently been occud by a newly appointed resident. Handrails have been fitted to a wet-room to address a resident's needs. Legionella preventK)n pr(xedures have been carried out by our appointed speoalist, and is onwng. Annual gas servicing & maintenance has been carried OLrt by our appointed gas safe registered engineers. All gas appliances have current Landlord Gas Safety Certfficates per regulatory requirements. The ganlens have been maintained by our contractor. A new bespoke Omie Almshouses website has been published provKling all information requirements for any interested individuals induding application fomi download, direclions to site with route planner. a messaging faality & a history seclion. This can be easily found online. the Website is now in 1° or 2- SCe on search engine resu5. TAR March 2012
Section E Financial review We hold cash al the bank at as 31° December of £915.97 (Current Account) & £28.602.29 Ilnstant Access Saver (short tem surplus)) all of which is unrestricted funds. Our investments of £227.117.34 are retained towards the c4)sts of meeting any repairs. £12.81 is held in a deposrl account. Brief statement of the charlty's pollcy on reserves Details of any funds materlalty In deficit Not applicable. Further financial revlew détsils (Optional Inforniallon) You may choose to indude additional information. where relevant about.. the charity's prinapal sources of funds (induding any fundraising)., how expendrture has supported the key objectives of the charity; investmenl policy and objectives induding any ethical investment policy Jopted. Our principle source of funds are Monthly Maintenance Charges received from resxlents. It is our pdicy to invest any fund balan8, not assignad to current planned projects. with COIF or NAACIF. Section F Other optional information Ongoing maintenance to extemal areas and the grourKls w¢th indivKlual intemal inspections {Quinquennial) to assess any routine maintenance & indentrfy any possible issues in the future. All maintenance & improvements are carried ¢xrt confomiing to the Grade11 Listing which covers 8118tructures on site. Section G Declaration The trustees declare that they have approved the trustees, report above. Signed on behalf of the charlty'$ trustse$ sIgnare{S) Approved by all Trustees at the 2 ri12024 Meetin Full nam•(s) JUDY PURVES Posftlon (og Secretary, Chalr, CHAIR Date April 2024 TAR March 2012