THE JOHN COLEY ALMSHOUSES TRUST ANNUAL TRusfEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 General The Almshouses Charity was established on the 28 October 1949 and it aims to provide Almshouse accommodation for the elderly poor land those who find themselves in impecuniou5 circumstances) of the Spilsby district. The Trust comprlses of parcels of land at Raithby and Hagnaby and also 8 Almshouses as detailed below. The Charity currently provides accommodations in 8 houses Inumbers I to 8 Welford Bungalows, Partney Road, Spilsbyl. Monies held in the Trust resulting from investments and prior year surpluses are used to maintain and keep these properties in good repair and to a satisfactory standard. The Charity has the Charity Commission No. 220512 and is a member of the National A550ciation of Almshouses (No. M10951. The Clerk to the Trust is Mr P Hunt of 10 The Gables, Hundleby. Spilsby PE23 5RD. The Charity Trustees during 2024 were: Mr M Tong IChalm)anl Mr M Dales Mr R Richmond Mrssykes Mr J Boulton General administration work has Included: Collecting the maintenance contributions,. keepin8 records.. or8anlslng repairs and Maintenan,. chetking work,. paying bills,. keeping accounts,. drafting the annual incomelexpenditure accounts,. circulating agendas,. organising meetlngs of the Trustees: tsking minutes and circulating these to the Trustees. filling out Charity and Ombudsman Scheme returns; organising insurance cover, gas and electrical inspections and obtaining advice on re-investment. 2024 Year The Almshouses remain In full capacity at the year end of 31 December 2024. Mr M Tong (Chair rusteel Mr M Dales ITrusteel 4 June 2025
E JOHN COLEY ALM SES TRUST ACCOUNTS FOR YEAR ENDED 31ST DECEMBER 2024 RKelpts and Payrnonts Account 31.12.24 31.12.2023 Incomo Recelpts Charities Offiual Inve8trnenl Fund {C.O.l.F.I Bank Interest Rents received Residents weekty Maintenan c(lbl$ 69.04 731.02 7.155.C(I 31.357.50 68.10 7,1S5.00 28.725 (Kl Tot•1 R•celpts 39.312.56 36,039.04 Dlr•ct Ch•rltable ExPendIr• In8urance8 Repairs and maintenance Improv¢m¢nl c03t8- carpets12023 Ga8 checks 5 ye8r electrlcal theck A¢countancy Brllish Gas- Inter-ocxw)8ncy 1.297.14 7,238.43 2,250.40 1,056 3,634.9) 420.rJ) 649.6S 1,565.74 3,114.20 5,268.00 864.00 420.00 16,546.52 11,231.94 Oth•r Exp8ndltyr• Cjerks, salary and expen8e8 Sub8crfptlon812024 and 20231 410.Tr) 353.C 410.00 539.00 763. 949 00 Tolal Paym•r 17.309.52 12,180.94 Net Incom¢ fortt* year 22.[)3.04 23,858.10 Bank D•poslt and Ca¥h kcourrt¥ at 1$t January 2024 104,049.08 80,190.98 Bank 0op09it and Ca#h A¢courts at 31st Decèmber 2024 126,052.12 104,049.08
THE JOHN COLEY ALMSHO TRUST STATEMENT OF ASSETS AND UAPILfTIES AT 31 DECEMBER 2024 31.12.24 -12.23 ongtary Agtyots.. Bank and Cash Balanc. Lloyds Classic Bank Account 36.159.45 39,956.47 Uoyds FISbI& Sawngs Passbwk Acammt 89,8¥2.67 64.092.61 126,052.12 104,049.08 Inveotment•'. 2310.00 M&G Chafty Multi Ass¢t NAxumulatiw Units Prlce at 31.12.2024 12107.14 279,674.93 258,910.81 Capltal: 125 charitB Offldal Investm¢nt IncLNnO Units PFl¢e at 31.12.2024 £20.2933 2.536.88 2,480.63 282.211.59 281.391.44 Total ol Monotsry AB#ts 408,263.71 385,440.52 Other A••et•: Held nC¢al use by the Charity In The Trust owns the folkMiNJ mgage free properb'es:_ 111- 8 cOY I Weknrd BLryaluws, Spil$by 2145.028 a¢yes of Fwrnland. Railhby (tenanted) 3159.315 acres of Fwmland, Hagnaby Itenantedl The accounts sel ¢xrt M pages 2 lor the financial year ended on the above date. and Ihe statement of assets and liabih'lies at that dale set oul on page 3 are as approved by thè Trustees. Trusteo authorlsed Mr M Tong- Chalmian ign on behalf of all Trusleeg Trustee authoiised to slgn on behalf of all Trustees Mr M Dales
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 t)ernber 2024. whh are set out on pages 2 to 3. Rèspèetivo responiibi1ft188 of trtsstees and examlner The charitys trustees are responsible for the pr8paraliJn of the ants. The chantys trustees Consider that an audit is not required for this year un¢Jer secth)n14412) of the Charities Act 2011 (the 2011 Act) and that an independent examinatson is needed It is our responsibility lo.. examine the accounts under section 145 of the 2011 A¢L" to follow the procedures lahJ down in the general DirectVJll5 grven by the Charity Commission under sectDn 145{5llb lol the 2011 Act, and lo state whether particular matters have come to my attention. Basls of Ind•p•nd•nl •x¥mln•• rnport Our examination was carrled out in accordan th the general Directions given by the Charity Cornmi8810n. An examinatson includes a review of the accounb.ng records kept by the charity and a comparlson of the accounts presented w71h those records. It also inclLtdes conshleration of any unusual items or disclosu$ in the accounts and seeking explanations from you a$ trustees conceming any such matters. The procedures do not provide all the evidence that would be required in an aLsdfÉ and consequenlty no opinion is given as lo whether the accounts present a'true and fair vievl and the Frt is limited to those matters set out in the stslement bebw Indendent oxamln•rf8 statement In connection with my examinati1, no matter has come lo our attentM)n: 11) which gives us reasonable cause to believe th in any material respect the requirements.. to keep aexounting records in accordance wth sectK)n 130 of the 2011 Act,. and to prepare accounts which aeeord wtth the accountsng erdS and c4)mpty wtth the accounting requirements of the 2011 Act have not been mel or 12) to which, in our opinion, attenlM)n should be dravm in order to enable a Proper understanding of thé accounts to be reached RM Johnson MAAT FIAAB 6th June 2025 For and on behall ol Dgxter & Sharpe Chartgred Cèrtified Accountants 26 Ida Road Skegness Lincoln8hlre PE25 2AR