**P** ## **Trustees’ Annual Report for the period** ## **From 01.07.2023 Period start date To 30.06.24 Period end date** ## **Charity name: John Gainsborough Trust** ## **Charity registration number:220156** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|The charity owns 2 almshouses in the
village of Legbourne near Louth for to
provide housing for old age pensioner
couples who must have a connection with
the villages of Legbourne or Little
Cawthorpe.| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|Substantial renovations, upgrades and
refurbishments have been undertaken to
both properties during this financial year.| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|The Trustees are governed by the Will of
the late John Gainsborough.
The Trustees confirm that they also follow
the guidelines set out by the Charities
Commission| Additional information (optional) ## You may choose to include further statements where relevant about: SORP reference Not applicable Para 1.38 Policy on grant making Not applicable Para 1.38 Policy on social investment including program related investment Not applicable Para 1.38 Contribution made by volunteers Other ## Achievements and Performance ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|The building works have provided
significant improvements to the properties
thus benefiting, Mr & Mrs Robinson and
Mrs Smith, the existing beneficiaries. As
well as ensuring the properties are safe
and secure and ensuring the sustainability
of the properties into the future. New
insulation, damp proof floors, new kitchen
and bathroom for No1, new heating system
No1. Insulating bedrooms, new radiators,
new external PVC doors on outhouses.
No1.
Complete upgrade of electrics both
properties.
£36k spent during this financial year.
Works to be completed during year ending
30.06.2025. Extra works identified which
will increase the cost. Sufficient investment
funds available without putting the charity
at Risk. Current value of Investments
£358k| ## Additional information (optional) You may choose to include further statements where relevant about: |
Achievements against
objectives set|
Para 1.41|| |---|---|---| |Performance of fundraising
activities against objectives
set|Para 1.41|Both properties are now providing an
income to the Charity and with investment
income is sufficient to cover normal
outgoings.| |Investment performance
against objectives|Para 1.41|| |Other||| Financial Review |Review of the charity’s
financial position at the end
of the period|Para 1.21|| |---|---|---| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|Reserves are held to cover potential
rebuilding costs and any upgrades required
by law.eg Electrical installation.| |Amount of reserves held|Para 1.22|£358k| |Reasons for holding zero
reserves|Para 1.22|N/A| |Details of fund materially in
deficit|Para 1.24|N/A| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|N/A| |Additional information (optional)
You may choose to include further statements where relevant about:|Additional information (optional)
You may choose to include further statements where relevant about:|Additional information (optional)
You may choose to include further statements where relevant about:| |---|---|---| |The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|Weekly contribution from beneficiaries and
COIF Investment income
M & G Investment Income| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|Investments are reviewed at Trustees
regular meetings.
Weekly contributions and investment
income now cover essential outgoings as
we now have a weekly contribution from
both properties.| |A description of the principal
risks facing the charity|Para 1.46|Potential lack of Trustees to administer the
Charity in the long term but no immediate
risk.| |Other||None| ## Structure, Governance and Management |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|Will of the Late Rev. John Gainsborough| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|Unincorporated| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled|Para 1.25|Legbourne residents by invitation with
interview by all existing Trustees.| to appoint one or more trustees Additional information (optional) You may choose to include further statements where relevant about: Policies and procedures adopted for the induction Para 1.51 and training of trustees Members of the Almshouses Association The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any Para 1.51 related parties Other ## Reference and Administrative details |Charity name|John Gainsborough Trust| |---|---| |Other name the charity uses|| |Registered charity number|220156| |Charity’s principal address|Leylandii
Station Road
Legbourne
Louth
Lincs
LN11 8LL| ||| Names of the charity trustees who manage the charity |1
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20|Trustee name|Office (if any)|Dates acted if not for whole
year|Name of person (or body) entitled to
appoint trustee (ifany)| |---|---|---|---|---| ||Patrick King|Trustee||Trustees of John
Gainsborough Trust| ||John Green|Trustee||As above| ||Paul Bennett|Trustee||As above| ||Keith Hemingway|Trustee||As above| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| ## – Corporate trustees names of the directors at the date the report was approved Director name Name of trustees holding title to property belonging to the charity Trustee name Dates acted if not for whole year ## Funds held as custodian trustees on behalf of others Description of the assets None held in this capacity Name and objects of the None charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for None safe custody and segregation of such assets from the charity’s own assets ## Additional information (optional) Names and addresses of advisers (Optional information) Type of Name Address adviser Name of chief executive or names of senior staff members (Optional information) ## Exemptions from disclosure Reason for non-disclosure of key personnel details Not applicable ## Other optional information ## Declarations The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees Signature(s) Keith Raymond Hemingway Full name(s) Patrick Anthony King Position (eg Secretary, Trustee and Chair Trustee and Secretary Chair, etc) Date 15.04.25 15.04.25 John Gainsborough Trust Accounts Year Ended 30.06.24 ## INCOME |Benefciary Contribution No 2 Bede House (Rita Smith)|1200| |---|---| |Benefciary Contribution No 1 Bede House (R & P Robinson)|120| |Investment Income|| |M & G|334.85| |COIF|2187.6| |Other Income
COIF Transfer|50000| |Grout Ins Refund Contents No1|56.64| |Utilities pay't No1 per John Clarke|20.65| |Total|| |EXPENDITURE|| |Lifeline ELDC x 2|| |No. 1|89.22| |No.2|148.72| |Repairs No1 Bede House|225| |Repairs No2 Bede House|25| |Renovations Nos. 1 & 2 Bede Houses|31671.79| |New Gas Boiler No 1 Bede House|3890| |Utilities No1|204.37| |Annual Gas Checks No's 1 & 2|168| |Pigsgarth Hedge and Grass Maintainance|550| |Insurance|581.91| |Almshouses Association|267| ## Total ## Surplus Represented by Bank 01.07.2023 Surplus Bank 28.02.2024 Investment Balance as at 30.06.24 Investments CIF Accumulation Income |Black Rock|Accumulation| |---|---| |M & G|Accumulation| ||Income| |Lloyds Bank|28.06.24| Total 53919.74 37821.01 16098.73 7235.33 16098.73 23334.06 23931.28 -597.22 Unpresented cheque 354 23334.06 179034.7 81367.2 79352.88 30229.17 7797.25 23334.06 401115.3 (HAMY (rwswi Inthp•nd•m •xamln•f• f•MJrt on th• *¢¢our4t* r*•hx)