THE JOHN COLEY ALMSHOUSES TRUST 51 ANNUAL TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Generdl This Almshous¢s Charity was established on the 28th October 1949 and it aims to providc Almshouse a¢¢omFnodation for Ihe elderly poor (and those who fEnd themselves in itnpecunious circumstances) of the Spilsby district. The trust comprises of parcels of land at Raithby and Hagrtaby and also 8 Alinshouses as detailed below. The Charity currently provides a¢comTnodation in 8 houses {numbers I to 8 Welford Bungalows, Partney Road, Spilsby). Monies held in the Trust resulting from investments and prior year surpluses are used to maintsin and keep these properties in go[ repair and to a s&tisfaclory standard. I'he Charity has the Charity Commission No. 220512 and is a m¢mber of the National Association of Almshouses (No. M1095). The Clerk to the trust is Mr P Hunt of Hundl¢by. Spilsby. PF.23 51*3 10 '7rrt &61• rfgG The Charity Trust5, during 2023 were.. Mr M Tong (Chairnian) -.mr-M.D8I .- Mr R Richmond Mr S Syke5 Mr J Boulton Gen¢ral administration work has included:_ Collecting the maintenance wntributions; Keeping record3. Organisin8 repairs and maint¢nance' Checking work. Paying bills- Keeping accounts- Drafting tk annual incomelexpenditure acwunts. Circulatin8 agendas; orgyanising mectings of the Trustees. taking minutes #nd circulating these to the Trustees. Filling out Charity and Ombudsman Scheme returns. Organising insurance cover, gas and electrical inspections. and obiaining advice on re-investment. 2023 Year The Almshouses remain in full capacity at the y¢ar ¢nd of 3 1st tkcember 2023. Mr M Tong hai an l Trustee) Mr M Dales (Truste¢) 27 September 2024 27 Septemb¢r 2024
THE JOHN COLEY ALMSHOUSES T ACCOUNTS FOR THE YEAR ENDED 31ST D MBER 2023 Receipts and Payments Account 1.12.23 12.2 Income Receipts Charitiès Offi¢ial In¥e$lm8nl F1 IC.O.I.F.) 88nk interest Rents received Residents weekly mainten8nce contritrmjtions 6810 67.84 0.38 7,155.00 30.600.00 7.155.(M) 28,725.tN) Total R•¢•lpts 38.039.04 37,823.22 Dlr•ct Charltabl• Exp•ndlturn Insurances Repair8 and maintenance Improvèmènt ¢o$l$- windows Ggs d)ècks Accountancy 1.585.74 3,114.20 5,268. 1.414.11 1.S84.22 782.00 B64 00 420.00 420.CQ 11.231.94 5.W.33 Oth•r Exnd[tur• cle$. salary and expenses Subscripllon$12023 ond 20241 410.( 539. 410.IJ) 187.00 949.CKI 597.00 Total Payments 12,180.94 5,661,33 Nèt Inc¢)me for the yur 23.858.10 32.161.BQ Bank D•poslt #nd Ca8h Aceaunts at 1st January 2023 80.190.98 48,029.00 Bank Doposlt and Cash Accounts at 31st December 2023 104,049.08 80,190.98
THE JOHN COLEf ALMSHOUSES TR TATEMENT AND ABiunE AT 31 DECEMBER 2 1.12.23 Monotary Assets: Bank and Ca8h Balan¢M: Lloyd3 Classoc Bank Arrunt 39.9&8.47 18.257.41 Lloyd$ Flexiblg S8ving$ Passbook Ac£¢LR)t 64.092.61 63,933.S7 104.049.08 80.190.98 Inv•8tm•nts: 2310.00 M&G Charity Mulll As8et A¢cumulallon Urlts Price at 31.12.2023 11208.28 258.910.81 243.776.38 Capltal: 125 Ch8rltle8 Offiwl Inve8tment Fd Incomg Unils PrKe at 31.12.2023 1,984.50 2.480.83 2.271.86 261,391.44 246,048.24 Total ol Mon•tsry A¥#èts 365,440.52 320,239 22 Held for fijnctional u8e by the Charity Th8 Ttust owns folowThJ mortgage free woperts.'. 111 - 8 Cdey I WeNfMd BuThJalthvs. Spilsby 2} 45.028 ac¥e8 of Farmland. Rafflhby Ilenantedl 3} 59.315 acres of Farm18nd, Hagn8by Iten8nled) The accounts set out on pages 2 the ffinanoal year ended on the above date. and the ststement of assets 8nd liablities at that dat6 sèt out on page 3 are as 8pproved by Ihe Trustees. Trusts• authorlsèd Mr M Ton9- Chairman Ign on bèhalf of all Tnl••8 Trustee authorised to Jign on behalf of all Trustees Mr M D•l•8
Inde endent examinerfs re ort to the trustees of The John Cole Almshouses Trust We report on the accounts of the Trust for the year ended 31st Drnber 2023, are set out on pages 2 to 3. Respeclfve re8pon81bllltle8 of tW8t•e8 and examlner The chanvs trustees are responsib for the preparation of the accounts. The ch8rrtYs trustees consKJer that an audit is not required for this year under section14412) of the charis Aca 20111th8 2011 A¢tl and that an independent examination is needed It is our responsibility to.. examine the accounts under sectk)n 145 of the 2011 Act: to follow the procedures la in the géneral Directn$ given by the Charity Commission under sectK*n 14515I(b )of the 2011 Act.. and to slate whelher parts¢ukqr matters have come to my attention. Bas18 of Indfrpendont •x•mln•rfs roport Our examination was carried out in accordance with the general threth'ons given by the Chanty Commlssion. An examinatKJn includes a review of the accounting records kept by the charity a comparison of the accounts presented wlh those records. It also indudes ConSe(aOn of any unusual items or disctosures in the accounts and seeking explanations from you as trustees Goneeming any SL¢ch matters. The prOdureS do not provide all the evidence that WOU be required in an audit and consequenlly no opinion is given as to whéther the accounts presènt a'true and falr and the report is limited to those matters set out in Ihe statement below Independent examlnefs •tstem•nt In connection with my examination. no matter has come to our attents'on.. {11 which gNe$ us reasonable cause lo bele that in ary material wpect the requirements: to keep accountsng records in OrdanCe with section 130 of the 2011 Act.. and lo prepare accounts whh accord wlh the accounb.ng records and compty the accounting requirements of the 2011 Act have not been mel or 121 lo which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts lo be reached RM Johnson MAAT FIAAB 18th May 2024 For and on behalf of Dexter & Sharpe Chartered C?rtmed A¢countants 26 Ida Road Skegness Llncolnshlre