Cliarity registratioi) number.. 220718 Hanley & Gellestrope Charities known as Henry Hanley foi. Alnisliouse5 AIiE)ual Report and Financial Statements for the Year Et)ded 31 March 2022
Hanley & Gellestrope Charities known as Henry Hanley for Almshouses Contents RefeiEJiee and Administrative Details Tn)stees' Report 2tr>3 ststement of Trustee5' Responsibilities Jndependent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Stateihents 8t014
HAnley & Gellestrope Charities kttown as Henry Hanley for Almshouses Reference ajid Administrative Details Trustee5 Councillor Wendy Smith Coui]cilloi' Rebe¢¢a Langton Councillor Phil Jackson Councilloi. Maria Joannou Coun¢illoi' Etl)an Radford Charity Registration Number , 220718 Principal Office Nottingjiain City Homes Loxley House Statioii Sti'eet NottiiiiTham Nottingliamshire NG3 3NJ Independent ExaN]ineY John O'Brien, eimployee of Conitnuiiity Accountiiig Plus Uiiits l & 2 North Wcst 41 Talbot Street Nottingliam NGI 5GL Page I
Hanley & Gellestrope Charities kilown as Henry Hanley for Almshouses Ti'ustees, Report Tlie trustees present the annual veport togetl)er with tlie financial statements of the cliarity for the year ended 31 March 2022. Objeetiv¢$ and gctivitles Objeelb aiiddltt Tlie ii)ain objects of the Chaiities is to provide almshouse ac¢ominodation to poor pthsons of good ¢liara¢ter by letting of its nine i)roperties. Our objectives weir achioved by pJx)viding accommodation for pool. peisons. Incotne gen?ted froin rental and also fyom vaiious investments is used to maiThtainlllpkeep the nine piY)perties for this purpose. Objeclives, sli'tslegle¥ oiid oclivilies Review of Activities Activities of tlie cliarities a miJ)iit)al. We are nom)#lly only needed wlien a liousing related problem aTises as our sole activity 15 to piDvide accoillmodation. Service update reports are submitted to eacli meeting of the Trustees for information and decisions where appiDPI'iate to allow for the ongoing management of the piL)perti¢s and enviiDnii)ent. Public beiiefll Providing a¢¢ommodation for poor persons. The tiustees confirm that tliey have coinplied with the IEquiiEments of section 17 of the Charities Act 201 I to ljave due regard to tlie public benefit guidance publislied by tlie Cliarity Coii)niission for England and Wales. Financial i'evieiv Investineiit Poli¢y and Perforn)ance The charitie5 investmeiit poitfolio con5j5ts of the following:_ a) Cliarities Official Investnieiit Fund Accuiiiulating and Tii¢om¢ SliaiTs- An aiinual pui'¢liase of accumulatioii sliair5 is Inade iii line witl) tlie National Association of Aliiisliouse5 guidaii¢e to piY)vide for future repla¢eii)ent of the properties. Diiriiig the year ejided 31 Mairli 2022 tlie Jiet mai'ket value of lioldings iiici'easd by £31.268. b) Nottingham City Council - Teiiipoi'aiy Deposit. Sui'pliis funds are lield on slioit term deposit until i'equiiEd. c) Fieehold pi'opeilies are subject to forinal i'e-valuation within a fjve year period. The last i'e-valualion was undeitakeii for tlie accoujiling period eijded 31 Mai¢h 2018, dl Duriiig the year ei)ded 31 Mairh 2022 tlie net IMaik¢t value of the lioldings iiicreased by £55,667. Structui'e) govern&nee &nd inaiiAgement Naliire oJ¥ovei'iiiiiR doeii#ieiil Tlie Charity is operated llndei. the rleS of its coiistitutton adopted 61811963. Page 2
Hanley & Gellestrope Charities known as Henry Hallley for Almshouses Trustees, Report Orguiil.gNlloiiNI.flriic¢ui 5 frustees Adii)iiii5ti?tive Offjcer (the Clerk) Financial Advisoi. (the Trea5uirr) Property manageiiient officers provided by Nottiilgliam City Homes Decisions air takeii at meetings by tlie tiustees, upoji recoJiinieiidatiot]s placed before tlitm, in report forinat, by the appropriate IEPIE5eiilatives of Nottinghani City Council and Nottingliam City Floiiie5. Relitiortships with related parties ]Yottiiighgin City Homes Nottiiighani City Iloii)es Ltd is Ir5P0115ible for ensurit)g tliat the cliarities are adiiiitiistcred aiid nianaged witliiii tlie provisions of tlie sclienie as set out in tlie attaclied Cliai'ity Coininission document. Tlje Ti'ustees of tlie Cliarity are appoii)ted by tlie City Couticil via Ilie Executive Boai'd foi. a tei'rn of foul. yeais. MNjoJ' risks 4711dniÉJiidgeNieiil ofiliose i'i5ks BiiildiF7g iepaii's No iiiajoi. woi'ks cai'ried out during this fillancial y¢ai' only day to day repairs and servicing to Inaintenance properties. A review of PlPertieS is to take pla¢e on¢e the new 30 year plan has b¢eJi ircalculated in the New Systein. Page 3
Hanley & Gellestrope Charities knoivll as Henry Hailley for Almshouses Statement of Trustees, Responsibilities Tl)e ti'ustees are i'e5ponsible foi. preparing Ilje ti'llstees, i'epoj't and tl)e fjnancial statenients in accordance with the United Kingdoiii Accountiiig Standards (United Kiiigdoii) Geneially Accepted Accountiiig Practice) and applicable law aiid itgulations. The law applicable to c112rtties requires the ti'llstees to prepare financial slatenients for eacli finaiicial year which give a true and fair view of tlie slate of affaii's of tl)e chai'ity and of tlie incoming resources and application of IE50uires of tlie cliarity for tliat pei'iod. In PiEpaiii)g tlie5e finaiicial statements, tlie tivstees ale iequii'ed to.. s¢le¢t siiitable accounting policies and then apply them ¢onsistently; obseive the Inet]iods alid pjinciples in the Charities SORP,. make judgements and estimates that air reasonable and pwdent. state whether applicable accounting standards liave been followed, subject to any material departUif5 dis¢losed and explaiiied in the finan¢ial statements. and plEpr tlie fjjiaiicial statements on tlie going concei'n basis unless it j5 inappropr5ate to presume tliat the charity will continue in biisiness. The tiustees are re5poiisible foi. keeping propel. accountiiig reco15 that dis¢lose with reasonable a¢¢uracy at any time tlie financial position of t]ie cliai'ity and eiiable them to ensure tliat tl)e finaiicial statenieiits ¢oniply with the Charities Act 201 I, the applicable Cliarities (Accounts and Reports) Regulations, and tlie pix>visions of tlie ¢onstitution. mie tyustees are also respoi)sibl¢ for safeguaydiiig the assets of tlje cliai'ity and hence foj. taking Irasonable stCP5 for the PTevention and detection of fraud and otl)ei' irL'¢gulaiities. Approved by the trustees of the cliarsty 011.2611123... and sigiied on its belialf by.. cillor Wendy Smith Ti'ustee Page 4
Hanley & Gellestrope Charities known as Henry Hanley for Almshouses Iildependent Examiner's Report to the trustees of Haiiley & Gellestrope Charities Independent examiiiei s repovt to tlie trustees of HRnley & Gellestrope ChAI'ities I Irpoi'l to the ti'uslees on niy exaiiiinatioii of tlie accounts of Haiiley & Gellestrope Cliarities (the Cliartty) foi. the year ended 31 Marcli 2022. R'esponsibilities bAsis of report As tlie Iruslees of Ilie cliarity you are IEspotisible for the preparation of tlie accounts in aceordanee with the requirements of the Cliarities A¢1 2011 {'tlie A¢t'). l irport in respeet of my exaiiiiiiation of tlie Cliarity's accounts carried out iindei. section 145 of the 2011 Act and in ¢airying oiit my cxaniination I liave followed all the applicable dii'ections given by the Cl)ai7ty Con)missiotJ under section 145(5)Ib) of the A¢t. Independent txgmlner's statenjent Y have coimpleted my exaii)ii)ation. l ¢onfiiin tliat no matters have come to my allention in ¢ontJe¢tion witli the examiiiation giving me cause to believe tliat iii any material Itspe¢t'. a¢cout)ting re¢ords weve not kept in respect of the Chai'ity as required by $e¢tion 130 of the A¢t' or 2. tlie accouiits do not accoi'd witl) tliose recoi'ds. or 3. tli¢ accouiits do not comply with the accounting requireimenls concerning tl)e forin and corttent of a¢¢ounts set oiit in the Chai'ities (Accounts and Repoits) Regulatioiis 2008 othei. thali any I'equii'emet]t tliat tlie accounts give a'ti'ue alid faie view wliicli is iiot a niattei. considered as pait of ali indepeiident exaiiiiiiatioii. I have no coiicerns aiid liave cotne aeros5 no other matteiB iii ¢onne¢tiot) with the exaiminatioii to wliich alteiitioi) shoLild be dJ?wn in this report in ol'der to enable a plPer undeiEtanding of the accoiints to be J'eached. In O'BI'ien MS¢, FCCA, FCtE. en)ployee of Con)munity A¢¢ounting Plus rellow of tlie Association of CliaTity Independent Examiners Units l & 2 Noiih West 41 Talbot Stiret Nottinghaiii NGI 5GL Date.. 2711123 Page 5
Hanley & Gellestrope Charities known as Henry Hanley for Almshouses Statement ofFinancial Activities for the Year Ei nded 31 March 2022 Total 2022 Total 2021 Unrestrl¢¢¢d Note Ineome And Eijdowments from.. Charitable activities Investment incothe 41.661 41,661 1.187 39,064 Total Incoiiie 42,848 42,848 40,222 xpenditure on.. Charitable activities 18,449 18,449 {20,511) Total Expeiiditure Gainsllosses on inve$tmetJt asset$ (18,449) 31,268 {18,449) 31,268 20,51 53.355 Net movenient iii fujids 55,667 55,667 73,066 Reconciltatioii of futhds Total fujids brought forward 1.013.524 1,013,524 940,458 rotal funds ¢an'ied forward 1.069.191 1.069.191 1,013,524 Tlie Jiotes on pages 8 10 14 form an integral pail of these financial statenienls. Page 6
Hanley & Gellestrope Chai'ities known as Henry Hanley for Almshouses (Registratioll uumber: 220718) Balance Sheet as at 31 March 2022 2022 2021 Note Fixed assets Tan8ible assets Investinents 690,000 315,782 690,000 284,514 1,005,782 974,514 Cui'rent assets Debtot's Cash at bank and in liand 11,260 67,705 78,965 15,910 41,696 57,606 Ci'editors: AnJount$ falling due witliin one year 10 5,821 (5,5611 Net Current assets 73,144 52,045 Tot&1 gssets less curi'ellt liabilities 1.078,926 1,026,559 Ci'editors: Amounts falliiig due aftei. mol'e than one ye8r 9.735 13,035 Net assets 1,069,191 1,013,524 Funds of tlie ehArity: Uiirestricted iiicoine fuThds Unrestricted fuiids 1,069,191 1,013.524 TotAI funds 1,069,191 1,013,524 E'éilY2 ial statements oil pages 6 to 14 weir approved by tlie trttstees, and authoi'ised for issue on and sigjied on theii. belialf by- Co Trustee Tlie notes oti pages 8 to 14 foi'it) an integi?I part of tliese finan¢ial stateinents. Page 7
Hanley & Gellestyope Charities Iinown as Heiiry Hanley for Almshouses Notes to the Financial Statements for the Year Ended 31 Marcli 2022 l Accountiiig policies Statement of compliance Tlie fJiiat]cial statcjneiits liave been prepared in a¢¢oi'dance w2tli tlie second edition of tlie Cliarities Statement of Recominended Piattice issued in Octob¢i' 2019, tlie Fit]aiieial ReJx)rting Standard applicable in tlie United Kingdojn and Repiiblic of Ii'cland (FRS 102) and the Charities Act 2011. Basis Of prepai'Atioii Hanley & Gelle5tiDpe Chai'ities Ji)eets the defiiiitioii of a publi¢ benefit entity under FRS 102. Assets and liabilitie5 aiE initially recognised at Iiistorical Cost or transaction value unless otlierwise stated iii tjie velevant aecoullting w)licy notes. Exeniptioii fi'om piepai'ing a cash flow stAtement The cli8rity opted to ad()pt Bulletin I publislied on 2 Febi'uary 2016 and have therefore not included a casli flow statemeiit in these financial statements. Going concei'n Tlie financial stateinent5 have been piEpared on a going concern basis. Tlie tiustees assess wlietlier the use of going concein is appJDpJiate i.e. wheth¢i' tliere air Any matei'ial ujicertainties related to eveiits oi. ¢onditioiis that may cast 5igiiificant doubt oji the ability of the cliarity to continue as a going ¢on¢ern. The trustees illake tliis assessment in respect of a period of one year froin thc d2te of appiDval of the financial statetnents. Income aiid endowments Jiivesiiiieiii iiicoiiie Dividends are recognised OE)¢e the dividejid has been declared and notification lias been received of the dtvidei)d due. Expenditure All expeiidituir is reeogiiised once tliere is a legal oi. cot]slruclive obligation to tliat expendituiE, it is pix)bable settlejnent Es i'equtiEd and tlie ainoiint can be measiired reliably. All costs al'e allocated to tlie applicable ¢xpenditlli'e lieading thal aggregate5 similar ¢osts to tliat categoiy. Wl)eiE COSt8 ¢annot be diitctly atti'ibiited to particular Iieadiiigs they liav¢ been allocated Oll a basis consistent witli the use of ie50urce5. Wltli cejiti'al staff ¢osls allocated on the basis of tiiiie spent, and depreciation cliarges allocated on the poiliot) of the asset's use. OtheT support costs are allocated based on the spread of staff costs. Chui'iluble oclivilies Chaiitable expenditure cojnpiises tliose costs incui'red by the Charity in tlie deliveiy of its activities aiid seivices for its benefLciarie5. Jt iiicludes both costs that can be allocated dI¢t7Y to such actlVLtie5 and those costs of an ijidirect iiatuir necessaiy to support tliein. Page 8
Hanley & Gellestrope Charities known #s Henry Hanley for Almshouses Notes to the Fiiiancial Statements for the Year Ei nded 31 Marcl) 2022 TgxAtio Tlie cliai'ity is Considered to pass tlie test5 set out in Paragrapli I Schedule 6 of tl)e Finance Act 2010 at)d tljerefore it Ineet5 tlie definttion of a cljai'itable coit)pany for UK corporation tax PUTpose%. Accordingly, tl)e cliarity is potentially exempt fiDiii taxation in respect of ijicome oi. Capital gains IEceived witliin ¢ategories coveird by Cliapter 3 Pai1 1 l of the Corporation Tax Act 2010 or Section 256 of tlie T&xation of Chargeable Gaiiis Act 1992. to the extent tliat sllch income or gaii)s are applied excliisively to cliaritable pui'poses. Taiigible fixed assets Individual fixed as5et5 Costing £IOOO or Inore are initially vecorded at cost, less any subsequent accumulated depreciation atjd 511bsequent ae¢umulated iiiipaimient 105se5. Depreciatioii and aiMortis#tion Asset class Land and biiildijigs DepreciAtion metliod and rAte Sliowll at niai'ket value. Fixed asset illvestmeiit$ Fixed asset inve8tments, other t]ian programme i'elated investnients. air included at inarket value at tlie balance sheet date. Realised gains and losses on investii)enls ale calculated as the difference between sales proceeds and tl)eir Inarket value at the start of tlie year, or tjieii. subsequertt cost, and are chai'ged oi. cirdited to tlie Statenient of Financial Activities the period of disposal. UniEalised gains and losses i'ePresei)t the niovenient in niarket values duriiig the yeai. and air credited oi. Charged to tlie Statement of Financial Activities Imsed on tlie mai'ket value at tlie year end. Trade deblo Trade debtors air ainounts due from cllstomeiE foj. M¢hand¢s¢ sold or S'viceS performed in the oi'dinaiy couise of busiiiess. Trade debtors aiE ircogiiised initially 2t tlie tiziis#¢tion price. They air subsequeiitly nieasured at amortised c05t using the effective intei'est inetliod. less provisioii foi. inipairn)ent. A PlDViSiOll for tlie impaimient of debtors is e5t#blislied wliei) tliere 15 objective evidence tliat Ilie cliayity will not be able to collect all amounts due aecoiyling to the origijial terms of tlie ireeivables. CAsli and egsh equivalents Casli and cash equivalents ¢omprise cash on hand and c811 deposits, and othei. sliort-term liiglily liquid inves¢nients that are readily convertible to a known aniount of ¢asli and are subject to ali insigi)ificaiit risk of change iii vallle. Page 9
Hanley & Gellestrope.Chariti knoivn as Heniy Hanley for Almshouses Notes to the Finaiieial Statements for the Year Ended 31 March 2022 Trgde tyoditors Trade ci'editors are obligations to pay for goods or services tliat have been acquired in tlie ordinary ¢OUE8e of business from supplieiE. Accounts payable aiE classified as current liabilities if tlie ¢liai'ity does not li&ve a uo¢oiiditional right, at die end of tlie i'eporting pejiod, to defei. settlement of tlie cirditor foi. at least twelve Inontlis aftei. tlie i'eporting date. If theiE is aji ujiconditional riglit to defer settlement for at least twelve months aftej. tlie IEPOI'liiig date. they are pirsented as noJi-cui'¥ent liabilitie5. Trade ¢reditors are recognised initially at the transaction price and subsequently measured at amoilised cost using tlie effective interest ni¢thod. Boi'rowing$ InteiEst-beaiing bormwings air initfally ircoi'ded at fair value. net of transaction costs. Interest-beai'ing borrowings are siibsequently carried at amortised cost, with tlie difference between tlie proceed5. net of transaction costs. and the amount due 01) I'edeinption being recognised as a ¢harge to the over tlie pei'iod of the IElevaiit borrowing. Jnterest expeiise is Ir¢ognised on the basis of the effective iiiterest metliod and is included in interest payable and siniilar ¢liarges. Boi'rowing5 are classified as ¢ui'rent liabilities unless tlie has an iin¢onditional riglit to def. settleJnen¢ of the liability foi. at least twelve niontlis aftei. the iEpoJling date. Fund stCtUre Uni'estricted inconie funds are gcneral fiinds that are available foi. use at the trustees, disciEtion in furtherance of the objectives of the ehaiity. 2 Income from cliai'itAble actLVities Unrestricted funds GenerAI Total 2022 Total 2021 Maintenance cojitributions 41,661 41,661 39,064 Page 10
Hanley & Gellestrope Charities known as Henry Hanley for Almshouso8 Notes lo the Financial Statcments for the Year Ended 31 March 2022 3 Investment incoine Unresti'icted funds Gen¢i'al TotAI 2022 Total 2021 InteiESt I'eceivable and ssmilai. income. Inteiest receivable oil bank deposits Other inconie from fixed asset inveslnients 1,176 1,176 1,151 1,187 1,187 4 Expendituye on chAritAble Activitse5 Umyestvicted funds General Totgl 2022 TotAI 2021 Subs¢riptions Water Insui'anee Housing manageinent Independenl examiners fee Ordiiiaiy I'epairs Cyclical repairs Bank & loan ¢liarges Adinii)i5117tion fee Council tax 182 2,160 182 2,160 1,041 7,223 570 2,148 4,886 74 165 179 2,302 1,088 7,109 552 4,018 4,301 72 165 725 7,223 570 2,148 4,886 74 165 18,449 18.449 20,511 5 liidepeiideiit exAminei' 5 fees Dui'ing the period. the fees payable {excluding VAT) to tlie charity's indepet)dent examiner Cotnmiinity Accouiiting Plu5 are analysed as follows.. 1022 2021 Independent exaniinatioii 475 460 475 460 Page I I
Hanley & Gellestrope Charities known as Heilry Hanley for Almshouses Notes to the Financial Statements for the Year Ended 31 March 2022 6 Taxgtion Tlie cliarity is a registeird cliarity and is therefoiE exenjpt from taxation. 7 THngible fixed Rssets LAnd buildings Total C05t At l April 2021 690,000 690,000 At 31 mai11 2022 690.000 690,000 Depieciation At 31 M2Ych 2022 Net book vaIu¢ At 31 Maitli 2022 690,000 690.000 At 31 March 2021 690,000 690,QOO 8 Fixed asset investnients 2022 2021 Otlier investsnejits 315,782 284.514 Page 12
Hanley & Gelle5trope Charities Icnown as Hellry Hanley for Almshouses Note5 to the Fiiiamcial Statements for tlle Year Ended 31 March 2022 Other investment5 Unlisted inYe5tmertts Total C05t oi. Valuation At l April 2021 284.514 31,268 284,514 31,268 Revaluation At 31 Mai'ch 2022 315,782 315,782 Net book vAlue At 31 Mar¢h 2022 315,782 315,782 At 31 Morch 2021 284,514 284,514 9 Debtoi's 2022 2021 Ot]iei' debtois 11,260 15,910 10 Creditors: &inounts fglling due within oiie year 2022 2021 Trade ¢irditors Otliei. loans Other creditois 1,786 3,465 570 1,544 3,465 552 5,821 5,561 Othei. borrowings The Alnishouse Association Loan with a ¢ariyillg ainouiit of £13,200 {2021 £16,500) is denoniiiiated i Sterling with a nominal inteir5t rate of O {2021 0). Tlie final instalment is dlle on 31 Marcli 2026. Repayment j5 througli half yearly iiistalmeiits of £1732.50 over 10 years. 11 credito1. ainouiit5 falliiig due #ftei. one year 2022 2021 Other loans 9,735 13,035 Page 13
Hanley & Gellestrope Charities known as Henry Hanley for Almshouses Notes to the Financial Statements for the Year Ended 31 March 2022 12 RelHtcd pai'ty tra11511Ctions During tlie year tlie cliavity Iade the following related party tYansa¢tions: Related parties inelllde Charity Trllstees and Nottingham City Council as the organisation witli responsibility for appointing oy removing trustees. Nottingl)aiii City Coui)cil ti7nsactions:_ Tempojwy Loot) on deposit 31 Mar¢h 2022, £5,500 Interest on Teinporaiy Deposit £44.97 PlpertY Jnaintejiaiice works provided by NottiJigl)atn City Hoines £5,229 Nottinghatn City Homes- Annual PiY)peity Management Fee £7,222 (At the Meeting of Trustees 20 Febiuary 2004 it was resolved tliat the housing Tnanageiiient function be tiaiisferird to Nottiiighain City Coullcll. Witli effect froni l Api'il 2005 Nottinghaiii City Homes an aTms leiigth mat]ageniet]t OlEanisation of NotLinglJani City Council be¢am¢ ruponsible foi. tlie PlDperty managem¢nt fun¢tionl. At the balaiice Sheet date the amount due tOlfij Irlated parties was £Nil (2021 £Nil). 13 Repairs additional infonnatioii Opeijing bHIHnces Ineomlng re5011rces {Resouiees expended) Closiiig bAIAnces Oi'dinaiy irpairs Cy¢li¢al Maintenan¢¢ Extix0ilnary repairs 122,802) 58,351 20.961) 14,588 5,310 7,686 4,698 12,148) 14,886) 119,640) 116,263) 17,694 7,034 25,248 Within tl)ese repair fiinds, the income irpresents tlie amounts I'equired to be set aside by the AILnshouse Association, Ilie expejiditure is tlie aetual speijd in Ilie period. Tlie opening balan¢es have beett Irstated to ¢orre¢t for the incorrect opet)it)g ba[let5 Stated in the previous pei'iod. 14 Ti'ustee5 reinunei'Ation gild expenses No ti'iistees, ttor any persons ¢onne¢ted with thein, liave received any i'eniuneixtion from tlie cliarity during the year. No trustees have received aiiy reiiiibuTsed expen5e5 oi. aiiy other benefits from tlie charity duriiig tlie yeai.. Page 14