Charity re¥i5tratioii number.. 220718 Hanley & Gellestrope Charities ki)own as Henry Hanley for Almshouses Annual Report and Financial Statements for the Year Ended 31 March 2024 Cojnmunity Accounting Plus Units l & 2 North West 41 Talbot Street Nottin¥hatn NGI 5GL
Hanley & Gellestrope Charities knojvn as Henry Hanley for Almshouses Contents (eontinued) Reference and Administrative Details TNstses' Report 2to4 Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Siatements 8 to 14
Hanley & Gellestrope Charities knojvn as Henry Hanley for Almshouses Referenee and Administrative Details Trustees Councillor Wendy Smith Councillor Rebecca Langton Councillor Phil Jackson Councillor Maria Joaiinou CL)uncillLir Ethan Radford Charity Registration Number 220718 Principal Office Nottingham City Hoines Llixley House Station Sireet Noitingham Noitinghamshire NG? JNJ Independent Examiner Johii O'Brien, employee of Community Accoiinting Plus Units l & 2 North West 41 Talbot Street Nottiiigham NGI 5GL Page I
Hanley & Gellestrope Charities knojvn as Henry Hanley for Almshouses Trustees, Report The tStee5 present the annual report together with the financial ststeTnent5 of the charity for the year ended i I March 2024. Objectives and activities Objects The niain objects of the Charities is to provide almshouse accommodation io poor persons of good character by letting of its iiine properties. Our objeciives were achieved by providing accommodation for poor persons. Income generated from renthl and also froni various invesunents is used to maintainlupkeep the nine properties for this purpose. Ohje¢tives, slrulegies ftnduclivilies Review of Activities Activities of the charitie5 are miniinal. We are nOTmally only needed when a housin¥ related problem arise5 a5 our sole activity 15 to provide accominodation. Service update reports are submitted to each meetin¥ of the Trustees for infotynation and decisions where appropriate to allow for the ongoingF management of the propertie5 and environment. Public benefil Providing accommodation for poor persons. The trustees confiTm that tliey have complied with the reqiiirements of sectioii 17 of the Charities Act 2011 to have due regard to the public benefit guidaiice piiblished bj. the Charity Commission for EngFland and Wales. Financial review InwE5tmenlpolicy and vbjeclives The charitie5 investment portfolio consists of the following'.- .Charities OtTicial Investment Fund - Accumulating and Income Shares - An annual purchase of accumulation shares is made in line with the National AssoLiatioi) of Almshouses guidance to provide for future replacement of the propenies w'hich we have not purchased in from 2015:'16 to 20? J1?4 •Nottingham Ciry Council - Temporary Deposit Surplus funds are held on short term deposit until required,. •Freehold properties are subject to formal re-valuation within a five year period. The last re-valuation was undertaken flir the accounting period ended 31 March 2018 •During the year ended 31 March 2024 ihe net market value L)f holdings increase by £35,994 Page 2
Hanley & Gellestrope Charities knojvn as Henry Hanley for Almshouses Trustees, Report (eontinued) Plans for future periods Aims key objeclivesf(Jrfu¢ureperiods To coiitinue to adTninister and provide accommodation in line with the Charities governing document. Increase to the weekly inaintenance contribution as advised by the Almshouse Association to improve the charitie5 homes and lives for the residents. Structure, governance and management 'Ire ofgoverming docHmenl The Lharity is operdted under the rules of its Constitution adopted 61811963. Orgdnisuliomalsiruclure 5 Trustees Administrative OITicer (the Clerk) Financial Advisor (the Treasurer) Property management officers provided by Nottingham City Council Decisions are taken at meetings by the trnstees, iipon recommeiidations placed before them, in report fomiat, by the appropriate representatives of Nottingham City Council and Nottingham Citv Homes. Relationships with related parties Nottingham CitJ' Home5 Nottin at City Council is responsible for en5urin¥ that the charities are athninistered and managed withiii the provisions of the schetne dated 2 June 1959. The TTUStee5 of the Charity are appoiiited by the City Council via the Executive Board for a term of four years. Major ri5kg umdmanugemenl oflhose risks Biiilding repuirs No major works ¢arri¢d out during this financial year only day to day repairs and servicing to maintenance propertie5. Page 3
Hanley & Gellestrope ChArities known as Henry Hanley for Almshouses Trustees, Report (eontinued) StAtemeiit nf Trustees, Respoiisibilitie5 'riJe trustccs are responsible foi" preparing t]ie trustees, report and tlie fJnan¢ial stalcn)enls in accoi'dance with tlie Urtiled Kingdoin Accountiiig Staiidai'ds (United Kittgdon) Generally Accepted Attounting Practice) and applicable law and regulations. The laiv applicablc to ciiai'ities reqiiires the tNstees to prepare financial statements foi. each firtancial year which give a true and fair vi=w of the state of affai¥s of the cliai'ity and of the incoining resources att(J #pplicatioi) of resouires (If the ¢li£il'ily foi. Ilial pei'iod. Iii pi'epai-iiig these fiiian¢ial slatejiieiits, Ilie tiustees al'e i'equii-ed to.. Select suitable accounting policie5 and them apply il)•n ¢onsi8tently,' observc tlie methods aiid piin¢iples itt thc Charities SORP., Inake judgeiments and estimates tliat are reasonable and pent. state wheth. applicable accourttin¥ .%tJndards h2ve beeli followed, Subject to any material departUlE5 Ji.sclo%ed and explained in the finaiicial stat¢m¢iits,' and prep.¢ the finaii¢ial slalem¢nts on Ibe going Coll basis unless it is inappropriate to presume that the ¢harity will contijiue in business. ie trustees are 1"¢5ponsible for keeping piDper accoiiiiling 1ccord tliilt di6elo8e with reasonable accui?cy at any time tlie financial position of the cliarity Ortd enable Ihein to ensiii'e tliat the f)naii¢ial siaiertient% cajnply willi the Charities A¢t 2011, the Cliarities IA¢¢ourtts and Rcpoj'tsl Regiilalions 2008, and th¢ proiiisions of tlic constitution. The trustccs ale also responsible for safe.¥uai"ding tl)e assLts of the charity and lien¢e for taking reasonable step5 foT the preveijtion and detection of fizud and other iii'egulai'ities. Tlie ITUStees are responsible for tlic mainten#n¢e and integi'ity of tlie corporate and firtancial infoi'matiot] included oil tlie charitablc eoiiipaiiy'5 website. Legislation govcrning the prepaTatson and disseiDination of fillajicial 8tstrn)enls njay diffLr froin legislation in otlier jurisdictions. Appix)ved by the tsuslee5 of the diarity on......-............. alld siglled on its behalf by.. Couiicillor EtliaE) Radford Trustee Page 4
Hanley & Gellestrope Charities knojvn as Henry Hanley for Almshouses Independent Examiner's Report to the trustees of Hanley & Gellestrope Charities IndepeThdent examiner's report to the tr115tee5 of Hanley & Gellestrope Charitie5 I report to the trustees on tny examinatioii Of the accounts of Hanley & Gelle5trope Charities (the Charity) for the year ended i l March 2024. Responsibilities and basis of report As the trustees of the charity j'ou are responsible for the preparation of the accounts in accordance with rhe requiremenis of the Charities Act 2011 {'Ihe Act'l. I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my eyamination I have followed all th¢ appli¢abl¢ dire¢tions given by the Charity Commis%ion ullder section 145(5Xb) of the Act. Independent examiner's Statement I have completed my examination. I confimi that no matters have come to Iny attention in connection with the examination giving me cause to believe that in any Inaterial respect.. l. accounting records were nL)t kept in respect of the Charity as required by section 130 of the Act,. or 2. the account5 do not accord with those records,. or 3. the accounts do not comply with the a¢ctsunting requiitmtnts conceming the ftsrn) and content of aLcoui)ts set tsut in the Charities {Ac¢ounts and Reports) Regulatioi)5 2008 other than any ie4uirement that the accounts give a 'true and fai 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 conneciion with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 111 O-Bri¢ii fvISL, b'AIA. FCCA. FCIE, employee ol'cominuiiity Accounting Plus Fellow of the Association ol'charity Independent Examiners Units l & 2 North West 41 Talbot Street Notiingham NGI 5GL Date.. 0511212024 Page 5
Hanley & Gellestrope Charities knojvn as Henry Hanley for Almshouses Statement of Finaneial Activities for the Year Ended 31 March 2024 Total 2024 Total 2023 Unrestricted Note Income and Endowments fro. Charitable activities Investment income 39,607 1,478 i9,607 1,478 1,326 Total Income 41.085 41,085 44,215 Expenditure on.. Charitable activities (22.989) (22,989} (21,220} Total Expenditure Gainsllosses on investtnent assets (22,989) i5,994 (22.989) i5,994 (21.2201 14.0041 Net movemeiit in fuiids 54.090 54,090 18,991 Reeoneiliation of funds Total funds brought forward 1.088.182 1.088,182 1.069,191 Total ndS catTied fovard 1,142,272 1,142,272 1.088,182 The notes on pages 8 to 14 forni ali integral part of these financial siatements. Page 6
Hanley & Gellestrope ChArities known as Henry Haiiley for Almshouses (Registration number: 220718) Balaiice Sheet as At 31 MAreh 2024 2024 2023 Note Fixed assets Tangible assets Inveslmenls 690.000 347,772 690.000 311,778 1.037,772 1001778 Current assets Debtors Casli at bank and in hand 41,112 75,057 7.703 90,7(10 116,169 98,403 Creditors: Ainounts falling due within one yeai. 10 (8.369) {5,5641 Net euri'ent Assets 107,800" 92,839 Total 8s$ets less eurrent Il#bllltles 1,145,572 1,094,617 Credltoi's: Amounts falllng due after more thRn one year 13,300) 6,4351 Net assets 1,142,272 1,088,182 Fund5 of the ehY4rity: Unr¢$trlct¢d Income funds Unreslricted fund5 1,142,272 1,088,182 Total fund$ 1,142,272 1.088,182 The tinancial slatcments on pages 6 to 14 were approved by the trustees, and authoiised for issue on and signed oji tlieii. be1]r by.. Councillor Ethan Radfoid Tiltte Tlie notes on pages 8 to 14 fom an integral part of the financial statements. Page 7
Hanley & Gellestrope Charities knojvn as Henry Hanley for Almshouses Notes to the Financial Statements for the Year Ended 31 Mareh 2024 Accounting polieies Statement of COpIlanCe The financial statements have been prepared in accordance '1th the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reponing Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. Basis of preparation Hanley & Cicllcstrope Charities meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially. recognised at historical cost or transa¢tion value unless otherwise stated in th¢ relevant accounting policy noi¢s. Exemption from preparing a cash flow statement Under the exemptioii available to smaller charitie5 the Board of Trustees has chosen not to iiiclude a Statement of Cash Flows within the financial statements. Going concern The financial statemeiits have been prepared 011 a goiiig concem basis. The trustees assess M'hether the use of going concem 15 appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt 01) the ability of the charity to eoi)tinue as a going concem. The trustees make this assessment in respect of a period of one year Irom the date of approval of the financial statements. Income and endowments Jnvestttierti Ineume Dividends are recognised once the dividend has been declared and notificatioi) has beei) received of the dividend due. Expenditure All expenditure is recognised once there is a legal or constructive obligatilin to that expenditure. it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregates similar costs to that category. Where costs cannot be directly attributed to particular headings the}, have been allocated on a basis consistent w'ith the use of resources, M'ith central staff costs allocated oii the basis of time spent, and depreciation charges allocated on Ihe portion of the asset's use. Other support costs are allated based on the spread of stsff costs. Churituble aclivili Charitable expendIre comprises those costs incuTTed bj. the charity in the delivery of its activitie5 and 5etTrice5 for its beneficiaries. It includes both costs that Cali be allocated directly to such activities and those costs of an indirect i)ature necessary to support them. Page 8
Hanley & Gellestrope Charities knojvn as Henry Hanley for Almshouses Notes to the Finaneial Stalements for the Year Ended 31 March 2024 (continued) Taxation The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exeinpt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part I l of the Corporatioii Tax Act ?01 O or Section ?56 of the Taxatioii of Chargeable Gains Act 1992, to the extent that such income or gains are applied excliisively to charitable piirposes. Tangible fixed assets Individual fixed assets C05ting £IOOO or Tnore are initially recorded at cost, less any subsequent accumulated depreciation and subseqiient accumulated impaitThent 105se5. Depreciation and amortisation Asset cla55 Land and buildings Depreciation rnethod and rate Shown at market value. Fixed asset investmeThts Fixed asset investments. other than prligramme related investments, are included at market value at the balance sheei date. Realised gains and losses on investments are calculated 8$ the difference between sales proceeds and their market value at the start of the year, or their subseqiient cost, and are charged or credited 10 the Statemellt of Financial Activities in the period of disposal. Unrealised gains gnd losses represent the movement in market values during the year alld are credited or charged to the Statement of Financial Activities based on the market value at Ihe year end. Trade debtors Trade debtors are amounts due from customers for merchandise sold or services perfotined in the ordinary coiir5e of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost usiiig the effective iiiterest method. less provision for impainnent. A provisioii for the impa]£t of debtors Is established wheii there 15 objective evideiice that the charity will not be able to collect all amounts due ccordiiig to the original tetyn5 of the receivable5. Cash and cash equivalents Cash and cash equivalents coinpri5e cash on hand aiid call dep05lts, and other 5hort-teTm hi¥hly liquid investments that are readily convertible to a known arnount of cash and are Subject to an iiisi¥nificant risk of chan¥e iii value. Page 9
Hanley & Gellestrope Charities knojvn as Henry Hanley for Almshouses Notes to the Finaneial Stalements for the Year Ended 31 March 2024 (continued) Trade ereditors Trade creditors are obligation5 to pay for goods or services that have beeii acquired in the ordinary coiirse of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting pcriod, to defer settlcment of the creditor for at least t..tIve moiiths after the reporting date. If there is an unconditional right to defer settlement for at least 'tIve months after the reporting date, they are presented as non-current liabilities. Trade creditors are reco¥ni5ed initially at the transaction price and 5ub5equently measured at atnortised cost usin¥ the effective interest method. Borrowings Interest-bearing borrowin¥ are initially recorded at fair value. iiet of transactlon Costs. Intere5t-bearing booWIng5S are subseqiiently Caled at ainortised cost, with the difference betTh'eeii the proceed5. net of transaction costs: and the atnount due on redemption being recognised a5 a charge to the over the period of the relevai)t borrow'ing. Interest expense is retognised 01) the basis of the effeetive interest method and is ii)eluded in interest payable and similar charges. Borr0.1ngS are classified as current liabilities unless the has an unconditional right to defer settlement of the liability for at least tw'elve months after the reporting date. Fulld structure Unrestricted income funds are general funds that are available for use at the trustees, discretion in furtherance of the objectives of the charity. 2 Income from eharitable aetiwities Unre51ri¢ted funds General Total 2024 Total 2023 Maintenance contributions i9,607 i9,607 42,889 3 Investment income Unr¢slri¢ted funds General Total 2024 Total 2023 Interest receivable and similar income; Interest receivable on bank deposits Other income from fixed asset investmei)ts 278 278 1,200 126 1,200 1,478 1,478 1,326 Page 10
Hanley & Gellestrope Charities knojvn as Henry Hanley for Almshouses Notes to the Finaneial Stalements for the Year Ended 31 March 2024 (continued) 4 Expenditure on eharitable activities Unrestricted fund5 General Total 2024 Total 2023 Subscriptions Water 196 2,581 1,462 8,400 666 196 2,581 1,462 8,400 666 187 2,290 1,129 7,789 600 Insurance Housing managemei)t Indepeiideiit examiiiers fee Ordinary repairs Cj'clical repair5 Bank & loan charges Administration fee Council tax 2,808 6,008 75 4,896 71 4,896 71 166 1.608 166 1.608 166 168 2?,989 S Independent examiner's fee5 During the period. the fees payable (excluding VAT) io the charity's independent examiner CL)mmunity Accounting Plus are analysed as follows.. 2024 2023 Independent examination 555 500 555 500 Page 11
Hanley & Gellestrope Charities knojvn as Henry Hanley for Almshouses Notes to the Finaneial Stalements for the Year Ended 31 March 2024 (continued) 6 Taxation The charity is a registered charity and is therefore exempt from taxation. 7 Tangible fixed assets Land and buildings Total C051 At l April 2023 690,000 690,000 At 31 March 2024 690,000 690,(N)O Depreciation At 31 March 2024 Net book Yalue At 31 March 2024 690,000 690,(100 At 31 March 2023 690,000 690,(100 8 Fixed asset investments 2024 2023 Other investments i47.772 311,778 Page 12
Hanley & Gellestrope Charities knojvn as Henry Hanley for Almshouses Notes to the Finaneial Stalements for the Year Ended 31 March 2024 (continued) Other investments Unlisted investrnents Total Cost or Valuation At l April ?02? Revaluation 311,778 35,994 311.778 i5.994 At i l March 2024 i47,772 J47,772 Net book value At i l March 2024 i47,772 347,772 At i l March 2023 311,778 311,778 9 Debtors 2024 2023 Trade debtors Prepayinents Other debtors 38,710 2,402 7,703 7,70i 10 Creditor5: aount5 falling due withiTh one year 2024 2023 Trade creditors Other loans 5.069 3,300 1,499 3.465 600 Other creditors 8,369 5.564 Other borrowings 'l-hc Almshoiisc Asswiation Loan with a carrying amount of £6,60012023 £9,900) is denominated in Sterling with a nominal interest rate of 012023 0). The final instalment is du¢ on 31 March 2026. Repayment is through half yearly instalnients of £173i over 10 years. I I Creditor5: amounts falling due after one year 2024 2023 Other loans 3,300 6,435 Page 13
Hanley & Gellestrope Charities knojvn as Henry Hanley for Almshouses Notes to the Finaneial Stalements for the Year Ended 31 March 2024 (continued) 12 Related party transactions During the year the charity made the following related paty transactions.. Related parties include Charity Trustees and Nottingham Ciry Council as the organisation with responsibility for appointing or removing trustees. Nottingham Ciry Council Transactions :_ Temporary Loan on deposit 31 March 2024 £5,500 Inierest on Temporary Deposit £278 Insurance £1.46? 14 Property mainienance works provided by Nottingham City Homes £7,140.60 Annual Property Mgnagemeni Fee £8,401 At the Meeting of Trustees 20 February 2004 it was resolved that the housing management function be transferred to Nottinghgm City Council. With effeci from l April 2005 Nottingham City Homes an arms length InlageMent organisation of NOttinat City Council became responsible for the property inlagenent nction). At the balance sheet date the arnount due tolfrom related parties was £Nil (202) - £Nil). 13 Repairs additional information Opening balanee5 IThcoming resources {Re50urce5 expended) C105ing balaDees Ordinary repairs Cyclical Maintenance Extraordinary repairs (16,868) 63,225 (11,322) i5,035 6,2i7 9,036 (2,94i) (4,896) (13.574} 67,365 15,796} 20.799 (7,839) 47,995 Within these repair funds, the income represents the amounts required to be set aside by the AlmshL)use Associaiion, Ihe expenditure is the actual spend in the period. 14 Trustees remuneration and expenses No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No irustees have received any reimbursed expenses or any other benefits frlim the charity during the year. Page 14