CHARITY REGISTRATION NUMBER.. 220129 The Heap Parkinson Homes Unaudited Financial Statements 31 March 2024 Windle and Bowker Limled Chartered accountants Croft House Station Road Barnoldswick Lancashire BB18 SNA
The Heap Parkinson Homes Financial Statements Year ended 31 March 2024 Page Trustees, annual report Independent examinerfs report to the trustees Statement of financial aclivilies Sialement of financial position Notes to the financial statements
The Heap Parkinson Homes Trustees. Annual Report Y6ar ended 31 March 2024 The trustees present their report and the unaudited f¢nancial statements of the tharity for the year ended 31 Maich 2024. Reference and admlnlstratlv* d¢tsi19 R¢gistered charity name The Heap Parkin50n Homes Charity ragistration number 220129 Principal office Skipton Town Council Town Hall High Street Skipton North Yorkshire, B023 1FD Th& trustees Mr C Harbron Mr R G Haselline Mrs K Mclntyre Mr P Madeley Mrs S Bentley Mr R Judge Mr W Feather Mrs C Nash Mr S Morton Miss V Kellu Mr D Noland Mr L Morgan Mr B McDaid Mr M Courciei Mr A Higgins Ms A He5eltine Independent examlnor Steven Briggs FCA Windle and Bowker Limited Groft House Slalion Road Barnoldswick Lan¢ashiie BB18 SNA
The Heap Parkinson Homes Trustees. Annual Report (C&lJlinLOLII Year ended 31 March 2024 Structure, governance and management Heap Parkinson Hornes was registered in 1963 and is currently conslituled under its most fecenl Tru51 Deed. dated in 2001. This schèrne docurnent was arnended on the 6th Ju5y 2023 with amendments being sent lo the Charity Commission. 11 oversees the running of land and associated alms houses, bequeathed to the Skipton Urban District Council land subseqvenlly transferred to Skipton Town Council on local 9overnmenl reorganisation in 19741 by Ihe late Mrs Jane Parkinson in her will daled 7th D&Trmbei 1907. The oiiginal six alms houses weiè subsequentiy increased, through a series of improvements and alterations- and now number twee. The Trustees to thè Chaiity wmpri5e the sixteen currently elected Members of Skiplon Town Council acting as individuals and not in a corporate capacity. Following the amendments made in July 2023, the Trustee Merrbership includes additional w-opled Trustees. Administrative support is provided by Officers of Skipton Town Council. The Chief oificer of the Town Council acts as Clerk to the Trustees. The administrative costs associated with the support proVed by the Town Council is recharged to the Charity. Objectives and activities The Charity's rnain object and ils principal activity remains as the provision and maintenance of social housing for residents in the Skipton area, over the age of 55. The Trust has, traditionally, and in line with the original bsque81. given preference to spinsters and widows- although this has been one of the amendment$ approved by the Trust lo remove the clause for a preference lor spinsters and widows. Over the course of 2023 the Trustees have been rèviewed the Trusts Schemè Doeumenls. wilh some update and amendments rnade and sent to thè Ch8rily Commission following lin81 approval by the Trustees in July 2023. A new appointments process has been adopted by the Trust, and appointment paperwork updated.
The Heap Parkinson Homes Trustees, Annual Report Icofttinued} Year ended 31 March 2024 A¢hievements and perfomiance A piogramrne ol refurbishmenl commenced in September 2018. The schedule of work involves overall improvements lo the fabric of the building lo address mallers SLfch as water ingress and damp and to provide more cosl-effective and reliable forms ol healing and hol water. The refurbishment of the 12th property was completed in the autumn of 2022. The Trust now undertake regular inspections of all properties to ensure that any issues are identified and aclioned as soon as possible. The Trust is now, as the rèfurbishment has completed. focusing on maintaining the condilv)n ol tha properties to a high standard. The Trust is also carrying out works to the propèrties that make it a safer placa for the residents lo live. such as installing key sates and safely iails by doors where required. Some of the propertiès that were the first lo be relurbish¢d are now dufr Ihelr 5 year eleclri¢al safety check, which are Scheduled to be done Financial review Renl collection remains at a 1000h collection rate, and Ihere is currently no vacancies. Generalty, a surplus is generatad in oach operating monih after any general maintenance or operational costs have been taken Into 3ccounl. The surplus funds, together with those accurnulated in previous years and generated via the receipt of further bequests or donations, continue lo be invested to maximise the return without risk. Plans for future periods Following the successful refurbishment of the properties. the aim of the Trust is to ensure that the properties are maintained to a good standard, and a robust appointments procèss Is in place lo fill vacancies a5 soon a5 possible. The Trust aitns lo arn from best praclice al other Almshouses, and to build on relationships wrth the Almshouse Association and other Almshouses. The Deputy Clerk attended an Almshouse Association Regional Meeting in October 2022, and will be participating in the Almshouse Way Trainin9 in July 2023. The trustees, annual retxjrt was approved on 11 Septernber 2024 and swned on behalf of the board of trustees by.. LClo£ Mrs L Close Clerk to Ihe Managing Trustee5
The Heap Parkinson Homes Independent Examinor's Report to the Trustees of Tho Haap Parkinson Homes Year ended 31 March 2024 I report to the trustees on my exsrnination of the financial statements of The Heap Parkinson Homes I'thé ¢harty'l for the year ended 31 March 2024. Responsibilities and basls of Mport As the trustees of the charity you are responsible for the preparats.on of the financial statements in accordance with the requiiernenls of the Charitie5 Act 20111'lhe Act'l. I report in respect ol my examination ol the charity's financ4al statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Oirections given by the Charity Corvtnission under section 14515llbl ol the Aet. Indèpendent examinerfs statement I have completed my examination. l confirm that no rnaterial matters have ¢om8 to my 8ttenl.on in connectstsn with the ex8min8lion giwng me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the Act". or the financial statements do not a¢¢ord with those records., or the financial staternenls do not comply with Ihe applicable requirements conoerning the form and content ol aeeounls sel out in the Charities (Accounts and Report51 Regulations 2008 Other than any requirement that the accounts gNfe a 'lrue and fair, view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in ¢onneGtion with the examination to which attention should be drawn in this report in ordèr to enable a proper understanding of th& accounts to be reached. Steven Brlggs FCA Indepèndgnt Exarniner Windlè and Bowker Limited Croft House Station Road BamoldSWk Lancashire B818 SNA
The Heap Parkinson Homes Statement of Financial Activities Year ended 31 March 2024 2024 Unrestricted funds Totsl fund5 Total funds 2023 Nots Income and endowmants Charitsble activities Investment income Other in¢orne 45,655 467 45.655 467 46,427 24 489 Total income 46,122 46,122 46.940 Expèndhture Expenditure on charitable activities Other expenditure Total expenditura 9,411 9,411 8,719 6.600 9,411 9,411 15.319 Net income 36,711 36,711 31,621 Othèr recognised gains and lossos Other gainslllossesl on investments Net movement in funds 563 563 11521 31,469 37,274 37,274 Reconciliation of funds Tot31 funds brought fOnard Totsl fund$ carried fornard 820,601 857,875 820.601 789.132 857.875 820.601 The statement of financial actiwties includes all gains and losses recogni5ed in the year. All income and expenditure derive Irom continuing activities. Th¢ notes On P4ge$ 7 to 14 form part of th880 financial statemonts.
The Heap Parkinson Homes Statement of Flnancial Position 31 March 2024 2024 2023 Note Fixed assets Tangible fixed asset3 Investments 14 15 844,101 5,141 844,101 4.578 849,242 848,679 Current ass•ts Gash at bank and in hand 68,491 39,130 Creditors: amounts falling due within one year Nét current assets 1,058 1,058 67,433 916,675 38,072 886,751 Total assots less current liabilities Creditors.. amounts fallin9 due after more than one year 17 58,800 857,875 66,150 Nat ass8t$ 820.607 Funds of the eharity Unrestricted funds 857,875 857,875 820.601 Total charity funds 18 820,601 These finanaal slalemenls were approved by the board of trustees and aulhorised for issue on 11 September 2024, and are signed on behatf of the board by.. Mr P Madeley Trustee The note$ on pages 7 to 14 fomi part of th9 financlal $tstements.
The Heap Parkinson Homes Notes to the Finan¢ial Statements Year ended 31 March 2024 Gèneral information The charrty 15 a publ benefit entily and a registered charity in England and Wales and is unincorporated. The address ol the principal office is Skiplon Town Council, Town Hall. High Street, Skipton, BD23 1 FD. Statsment of ¢ompliance These financial stalemants have been prepared in cornpliance with FRS 102, 'Thé Financial Reporting Sl8nd8rd applicable in the UK and the Republic ol Ireland., the Statement of Recornmended Practice applicable to charities prèparing Ih8ir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 10211 and the Charities Act 2011. A¢¢ourtting policies Basis of preparatlon The financial statements have been prepared on the historic81 ¢osl basis. as modified by the revaluation of cgrtain financial a55e15 and liabilities and investment properties measured at fair value through Income or expenditure. The financial slalements are prepared in sleiling, which is the fvnctional currency of the entity. Golng ¢on¢em There are no material uncertainties aboul the charity's ability to continue. Judgèmènts #nd key 8ource8 of estimation uncertainty Tha prèparation of the financial statements requires management to make judgéments, estirnales and assumptions that affeci the amounts reported. These estimates and judgernenls are continually reviewed and are based on experien¢e and other factors. including expectations of future events that ara lieVed lo be reasonable under the circumstancès. Fund accounting Unrestricted funds are available for use al the discretion of the Iruslees to further any of the charitls purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Reslricled lunds are subjected to rastriciions on thèir expenditure declared by the donor or through the terms of an appeal, and fall into one of Iwo sub-classes.. restricted income funds or endowment funds.
The Heap Parkinson Homes Note5 to the Financial Statements (continuodl Year ended 31 March 2024 Accounting pollcl8s (contlnu6dl Incoming resources All incoming resources are included In the 51alement of financial activities when enlitlemenl has passed lo ltte charity.. it is probable that the economic benefits associated with the transaction will flow to thè ¢harily and the amount can be reliably me8sured. The following specific policies are applied lo particular categories ol incomè". income from donations or grants Is recognised when there is eviden¢e of enlillemenl lo the gift, receipt is probable and its amount can be measur8d ieliably. legacy income is recognised when receipt is probable and enlillemenl is estsbli%hed. in¢ome flow donated goods is measured al the fair v81ue of the goods unless thi5 15 impractical to measure reliably, in which case the value is derived from the st to the donor or the estimated resale value. Donated facilities and services are recogni5ed in the accounts when received if the value Can be ieliably measured. No amounts are included lor the contribution of general volunteers. income from contracts for the supply of services is iecognised with the delivery of the contracted serviee. This 15 classified as unreslricled funds unless there is a contractual requirement for il io be spent on a parficular purpose and returned if unspent, in which case il may be regarded as reslricled. Résour¢¢$ expended Expenditure is recognised on an accruals bosis a5 a liability is incurred. Expenditure includes any VAT which cannot be fully recovered. and 15 classified under headings of the statement of financial activities to which it r818t8s." expenditure on raising funds includes the costs of all fundraising activities. events. non- charitable trading actwities. and the sale of donated goods. expenditure on charitable aetivib.es includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit ol ils beneficiaries. including those 5UPPOrt C05t5 and Costs relating lo the governancè of the charity apportioned to charitable aclivlties. other expenditure includes all expenditure that is neither related to raising funds for thè charity nor part of its exp&nditurÈ on Chartable aclNities. AII costs are allocated to expenditure categories r@fle¢ling the use of the resource. Direct costs atlribulable to a single activity arè allocated directly to that activity. Shared costs are apportloned beeen the actiwties they Contribute lo on a reasonable, justifiable and consislenl basis. Tangible assets All fixed a58et8 are initially recorded at cost. Investments Listed investments are measured at fair valuÉ al the year end with any changes in fair value beiry recognised in St3lèmÈnl of Financial Activities during the year.
The Heap Parkinson Homes Notes to the Financial Statements Iconiinued) Year ended 31 March 2024 Accounting polic5es (continuedj Investments Sn associa Investmenis in associates accounted lor in accordanc& wtth the ¢osl model are recorded al ¢ost less any 8¢¢umulaled impairment losses. Investments in associates accounted for In accordance wth the fair value model a inrtially recordÉd at the transaction wi¢e. Al each reporting date, the investments are measured al fair v8lve. with changes in fair value taken through income or exp8ndilure. Where il is impracli¢able to measure fair value reliably without undue cost or effort, the ¢05t model will be adopted. Diwdends and other distributions recewed from the investment are recognised as income wilhout regard lo whether the distributions are frorn accurnulated profits of ihe associate arising before or after the date of acquisition. Investments in joint vèntures Investments in jointly controlled entities accounted for in accordance with the cost rnodel are racorded al cost less any accumulated Impairment losses. Investments in jointly Controlled entities accounted for in 8ccordan¢e with the fair value model are initially recorded al the transaction pri. At each réporbng dale. the investments are measured at fair value. with changes in lair value taken through incorne or expenditure. Where il is impracticable lo measure fair valuè reliably without undue cost or effort, the cosl model will be adopted. Dividends and other distributions received frorn he investment are recognised as income without regard to whether the distributions arè from accumulated profits of the joint venture arising before or after the date of acquisition. Impairment of fixed assèts A review for indicators ol impairment is carried out al each reporting date, with the recoveiabfe amount being eslimaled where Such indicators exist. Where the carrying value exceèds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible ieversal al each reporting dale. For the purposes of irnpairment lesling. when il is not possible lo estimate the recoverable amount of an individual asset. an estimate is rnade of the recoverable amount ol the cash- generating unil to which thè a55et belongs. The cash-generaling unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely Independent of the cash inflows fiom other assets or groups of assets. For impairment testing ol goodwill, the goodwill acquired in a business combination 15. from the acquisition daté. allocated to each of the cash-geneiating units that are expected to benefit from the synèrgi95 of the combination, irrespè¢live of whelheT other assets or liabilities of the charity are assigned to those units. Financial instrurnents A financial asset or 8 financial liability is recognised only when the charity becomes 8 party lo the contractual provisions of the instrument.
The Heap Parkinson Homes Notes to the Financial Statements (¢ontinued) Year ended 31 March 2024 Accounting policies (¢otttinuedl Financtal instruments Icontinu•dl Basic financial instrument5 are initially recogni5ed at the amount receivable or payable including any related Iiansaction costs. Current assets and current Ilabllilles are subsequently rneasured at the cash or other consideration expected to be paid or received and not discounted. Debt instrum8nts aré subsequently measured al amortised cost. Where investments in shares are publicly traded or Ihair lair value can otherwise be measured reliably. the investment is subsequelllly me85ured al fair value with changes in fair value r•cognised in income and expenditure. All other such investments are subsequently measured at cost le55 impairment. Other financial instruments, including derivalive5. are initially recognised at fair valuè, unlèss payment for an asset is deferred beyond nomial business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the lulure payments discounted al a market rale of interest for a similar debt instrument. Other financi81 Instruments are subsequently measured at fair value, with any change5 recogllised in the Statement of financial activities, with the exception of hedging instruments in designated hadging relationship. Financial assets that are measured al cost or amortised Cost are reviewed for objective evidence of impairment at the end of each reporting dale. If there is objective evidence of impaiment, an impairment loss is recognised undeT the appropriate heading in the statement of financial acliwlies in which the initial gain was recognised. For all equity instruments regardless of significance. and othèr financial assets that are irKlividu8lly significant, these are assessed indiduallY for impairment. Other financial assets are either assessed individually or grouped on the basis of similar Giedit risk characteristics. Any iévèrsals of impaiirnenl are recognised immediately. to the extent Ihal the reversal does not result in a carrying amount of the financial asset that exceeds what the earrying amount would have bèan had thé impairment not previously been recognised. Charitable activities Unrestrietgd Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Rental income 45,655 45,655 46,427 46.427 Investment income Unreslricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 8ank interest received 467 467 24 24 10-
The Heap Parkinson Homes Notes to the Financial Statgments (continued) Year ended 31 March 2024 Other Income Unreslrioled Totsl Funds Unrestricted Total Funds Funds 2024 Funds 2023 Rale8 & water rates refund 489 Expenditurè ort Charitable activities by fund typ8 Unrestricted Totsl Fund¥ Unrestricted Tolal Funds Funds 2024 Funds 2023 Charitable activities Support costs 8,244 3.167 6,244 3,167 5,484 3,235 5,484 3.235 9.411 9.411 8,719 8,719 Expenditure on charitable a¢tivities by activity type Activities undertaken directly Support cosls Total fund$ 2024 Total fund 2023 Charitable activities Governance costs 6,244 6.244 3.167 5.484 3,235 8,719 3,167 3,167 6.244 9,411 Analysi$ of support costs Charitable activitie5 Total 2024 Total 2023 Water rates Rate5 Light & heat General repairs Insurance Garden expènses 1,917 49 37 2.754 1,227 260 1,917 49 37 2,754 1,227 260 1.615 730 2.048 1,047 44 6,244 6,244 5,484 10. Other expenditure Unreslricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Goodwill payment Legal and Professional 5.CM)O 1.600 6,600 6.eoo 11
The Heap Parkinson Homes Notes to the Flnancial Statements Ic0fr7tlnts•dl Year ended 31 March 2024 11. Independent examination fees 2024 2023 Fees payable to the independent examiner for.. Independent examination of the finan¢ial slalement5 612 582 12. Staff costs The average head Count ol employees during the year w8s Nil12023.' Nill. No employee received employeè benefits ol more than £60,000 during the yaar12023." NID. 13. Trnstaè rèmuneration and expenses No remuneiation or other benefits frorn ernployment with thè charity or 8 related entity were received by Ihe trustees. No trustee èxpenses h8ve been incufred. 14. Tangible fixed assets Land and buildings Gost At 1 Aprll 2023 and 31 March 2024 Deprèciation At 1 April 2023 and 31 March 2024 Carrying amount At 31 March 2024 844,101 844,101 At 31 March 2023 844,101 16. Invg$tm¢nts Ll$t¢d investments Cost or valuation At 1 April 2023 Additions Fair value movements 4.578 563 At 31 March 2024 5,141 Impairment At 1 April 2023 and 31 March 2024 Carrying amourtt At 31 Mar¢h 2024 5,141 4,578 At 31 March 2023 12
The Heap Parkinson Homes Notes to the Finan¢lal Statements (¢ontinuedl Year ended 31 March 2024 15. Investments (coniinued) All investments shown above are held at valuab'on. Financial assèts held at fair value Listed investments 8re measured al fair value with changes in fair value being recognised in profit or loss based upon the rnarket value at the year end. 16. Creditors: amounts falllng due wlthln one year 2024 2023 AccrLJals and deferred income 1,058 1,058 17. Creditor8: amounts falling due aftèr morè than one year 2024 2023 The Almshouses loan S8,800 66,150 The Almshouses loan is for up lo £70.000 plus £3.500 arrangement fee. The loan is inlerost free and repayments are being made every six months. 18. Analysis of charitsblè funds Unrèstricted funds At Gains and31 Mah 202 losses At 1 April 2023 Income Expenditure General funds 820,601 46,122 19,4111 563 857,87S At Gain5 and 31 Mai(* 202 1055e3 Al 1 April 2022 Income Expenditure General funds 789,132 4e,940 115,3191 11521 820.601 13-
The Heap Parkinson Homes Notes to the Financial Statements IcontinLt•dl Year ended 31 March 2024 19. Analysis of net assets befv•éon fLtnd$ Unre5tricled Totsl Funds Funds 2024 Tangib f xed assets Investments Currant assets Creditois less than 1 year Creditors greater than 1 year Net assets 844.101 5,141 68.491 11.0581 158,8001 857,875 844,101 ,141 68.491 11,0581 158,8001 857.875 Unrestricted Total Fund5 Funds 2023 Tangible fixed assets Inveslmenls Currènt assèts Creditors less than 1 year Creditors greater than 1 year Net assets 844.101 4,578 39,130 11.0581 166,1501 820.601 844.101 4.578 39.130 11,0581 166,1501 820,601 20. Related parties During the year Skiplon Town Council provided 8drninislrative and other maintenance works 5UPPOrt to the Charity at a cost of £2,148 12023 £1,8361.At the year end the amount due from Skipton Town Council £NIL 12023 NIL). The Iruslees of the Charity are all elected members of Skipton Town Council and the Clerk to the Trustees is the Chief Officer of Skiplon Town Coun¢il. 14-