|
Page |
| Trustees' Report |
1 to 3 |
| Independent Examiner's Report |
4 |
| Statement of Financial Activities |
5 |
| Balance Sheet |
6 |
| Notes to the Financial Statements |
7 to 12 |
| Detailed Statement of Financial Activities |
13 |
IndepKlent Examlnerfs Report to the Trustees of
W H Hirst Doceased Trust
Independent examlnerfs report to the trustees of W H Hlrst Deceased Tt
I rèport to the charity trustees on my examinab.on of the accounts of W H Hirst Deceas&J Trust
(the Trust) for the year ended 5 April 2024.
Responslbllltles and basis of report
As the charity trustees of the Trust you are responsible for the preparion of the accounts in
accordan with the requirements of the Charrties Act 2011 (ts Acf).
I report in respect of my examination of the Trusvs accounts carried out under Section 145 of the
Act and in carying out my examination I have followed all appli¢able Directrons given by the
Charity Commission under S&aion 145{5}(b) of the ACL
Independent exarninerfs statement
I have completed my examination. I confim that no material matters have wme to my attention in
nne¢ts'on with the examination giving me cause to believe that in any material resFect.'
accounting records were not kept in respe(* of the Trust as required by Section 130 of the
Act; or
the accounts do not accord with those records.. or
the accounts do not compty with the applicable requirements conceming the fomi and
content of accounts set out in the Charities {Accounts and Reports) Regulations 2008 other
than any requirement that the accounts give a trt aTrJ fair which is not a matter
considered as part of an independent examination.
I have no concems and have come aL¥oss no other matters in connection wrth the examination to
which attention should be dr8wn in this report in order to eroble a proper understanding of the
accounts to be reached.
D L Caine FCCA CTA ACA
Mellor Oxland LLP
Hine House
25 Regent Street
Nottingham
Nottinghamshi
NG15BS
Date.. ..IS..Tr
Page 4
|
|
|
|
2024 |
2023 |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
funds |
fund |
funds |
funds |
|
Notes |
£ |
£ |
£ |
£ |
| INCOME AND ENDOWMENTS FROM |
|
|
|
|
|
| Charitable activities |
|
|
|
|
|
| Hirst Almshouses |
|
65,660 |
|
65,660 |
60,782 |
| Investment income |
2 |
5,496 |
7,073 |
12,569 |
10,337 |
| Total |
|
71,156 |
7,073 |
78,229 |
71,119 |
| EXPENDITURE ON |
|
|
|
|
|
| Charitable activities |
|
|
|
|
|
| Hirst Almshouses |
|
79,622 |
2,597 |
82,219 |
57,970 |
| Other |
|
6,440 |
|
6,440 |
5,742 |
| Total |
|
86,062 |
2,597 |
88,659 |
63,712 |
| Net gains/(losses) on investments |
|
7,972 |
16,207 |
24,179 |
(31,439) |
| NET INCOME/(EXPENDITURE) |
|
(6,934) |
20,683 |
13,749 |
(24,032) |
| RECONCILIATION OF FUNDS |
|
|
|
|
|
| Total funds brought forward |
|
239,051 |
278,379 |
517,430 |
541,462 |
TOTAL FUNDS CARRIED FORWARD |
|
232,117 |
299,062 |
531,179 |
517,430 |
|
Balance Sheet |
|
|
|
5 April 2024 |
|
|
|
|
2024 |
2023 |
|
Notes |
£ |
£ |
| FIXED ASSETS |
|
|
|
| Tangible assets |
5 |
48,967 |
49,193 |
| Investments |
6 |
473,108 |
445,086 |
|
|
522,075 |
494,279 |
| CURRENT ASSETS |
|
|
|
| Debtors |
7 |
4,332 |
11,679 |
| Cash at bank |
|
48,132 |
47,788 |
|
|
52,464 |
59,467 |
| CREDITORS |
|
|
|
| Amounts falling due within one year |
8 |
(11,870) |
(2,916) |
| NET CURRENT ASSETS |
|
40,594 |
56,551 |
| TOTAL ASSETS LESS CURRENT |
|
|
|
| LIABILITIES |
|
562,669 |
550,830 |
| CREDITORS |
|
|
|
| Amounts falling due after more than one |
|
|
|
| year |
9 |
(31,490) |
(33,400) |
| NET ASSETS |
|
531,179 |
517,430 |
| FUNDS |
11 |
|
|
| Unrestricted funds |
|
232,117 |
239,051 |
| Restricted funds |
|
299,062 |
278,379 |
| TOTAL FUNDS |
|
531,179 |
517,430 |
| INVESTMENT INCOME |
|
|
|
2024 |
2023 |
|
£ |
£ |
| Investment income - dividends |
6,658 |
6.405 |
| Deposit account interest |
364 |
67 |
| Investment income - interest |
5,547 |
3,865 |
|
12,569 |
10,337 |
| TANGIBLE FIXED ASSETS |
|
|
|
|
|
|
Fixtures |
|
|
|
Freehold |
and |
|
|
|
property |
fittings |
|
Totals |
|
£ |
£ |
|
£ |
| COST |
|
|
|
|
| At 6 April 2023 |
141,308 |
60,389 |
|
201,697 |
| Additions |
|
3,250 |
|
3,250 |
| At 5 April 2024 |
141,308 |
63,639 |
|
204,947 |
| DEPRECIATION |
|
|
|
|
| At 6 April 2023 |
92,115 |
60,389 |
|
152,504 |
| Charge foryear |
2,826 |
|
650 |
3,476 |
| At 5 April 2024 |
94,941 |
61,039 |
|
155,980 |
| NET BOOK VALUE |
|
|
|
|
| At 5 April 2024 |
46,367 |
2,600 |
|
48,967 |
| At 5 April 2023 |
49,193 |
|
|
49,193 |
| FIXED ASSET INVESTMENTS |
|
|
|
|
|
|
|
|
Listed |
|
|
|
|
investments |
|
|
|
|
£ |
| MARKET VALUE |
|
|
|
|
| At 6 April 2023 |
|
|
|
445,086 |
| Additions |
|
|
|
108,415 |
| Disposals |
|
|
|
(115,504) |
| Revaluations |
|
|
|
31,472 |
| Movement in cash funds |
|
|
|
3,639 |
| At 5 April 2024 |
|
|
|
473,108 |
| NET BOOK VALUE |
|
|
|
|
| At 5 April 2024 |
|
|
|
473,108 |
| At 5 April 2023 |
|
|
|
445,086 |
| 7. |
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
|
|
|
2024 |
2023 |
|
|
|
|
£ |
£ |
|
Trade debtors |
|
|
299 |
|
|
Otherdebtors |
|
|
3,350 |
10,868 |
|
Prepayments and accrued income |
|
|
683 |
811 |
|
|
|
|
4,332 |
11,679 |
| 8. |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
|
|
|
|
|
2024 |
2023 |
|
|
|
|
£ |
£ |
|
Other creditors |
|
|
11,870 |
2,916 |
| 9. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
|
|
|
|
|
|
|
|
2024 |
2023 |
|
|
|
|
£ |
£ |
|
Other creditors |
|
|
31,490 |
33,400 |
| 10. |
ANALYSIS OF NET ASSETS BETWEEN FUNDS |
|
|
|
|
|
|
|
|
2024 |
2023 |
|
|
Unrestricted Restricted |
|
Total |
Total |
|
|
funds |
fund |
funds |
funds |
|
|
£ |
£ |
£ |
£ |
|
Fixed assets |
48,967 |
|
48,967 |
49,193 |
|
Investments |
182,140 |
290,968 |
473,108 |
445,086 |
|
Current assets |
43,720 |
8,744 |
52,464 |
59,467 |
|
Current liabilities |
(11,220) |
(650) |
(11,870) |
(2,916) |
|
Long term liabilities |
(31,490) |
|
(31,490) |
(33,400) |
|
|
232,117 |
299,062 |
531,179 |
517,430 |
11. |
MOVEMENT IN FUNDS |
|
|
|
|
|
|
|
|
Net |
|
|
|
|
|
movement |
At |
|
|
|
At 6.4.23 |
in funds |
5.4.24 |
|
|
|
£ |
£ |
£ |
|
Unrestricted funds |
|
|
|
|
|
Capital & Accumulated Fund |
|
239,051 |
(6,934) |
232,117 |
|
Restricted funds |
|
|
|
|
|
Capital & Accumulated Fund |
|
278,379 |
20,683 |
299,062 |
|
TOTAL FUNDS |
|
517,430 |
13,749 |
531,179 |
|
Incoming |
Resources |
Gains and |
Movement |
|
resources |
expended |
losses |
in funds |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| Capital & Accumulated Fund |
71,156 |
(86,062) |
7,972 |
(6,934) |
| Restricted funds |
|
|
|
|
| Capital & Accumulated Fund |
7,073 |
(2,597) |
16,207 |
20,683 |
| TOTAL FUNDS |
78,229 |
(88,659) |
24,179 |
13,749 |
|
|
Net |
Transfers |
|
|
|
movement |
between |
At |
|
At 6.4.22 |
in funds |
funds |
5.4.23 |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| Capital & Accumulated Fund |
199,357 |
(2,309) |
23,241 |
220,289 |
| Designated Development Fund |
23,241 |
|
(23,241) |
|
| Cyclical Maintenance Fund |
15,621 |
(6,710) |
|
8,911 |
| Extraordinary Repairs Fund |
9,851 |
|
|
9,851 |
|
248,070 |
(9,019) |
|
239,051 |
| Restricted funds |
|
|
|
|
| Capital & Accumulated Fund |
293,392 |
(15,013) |
|
278,379 |
| TOTAL FUNDS |
541,462 |
(24,032) |
|
517,430 |
|
Incoming |
Resources |
Gains and |
Movement |
|
resources |
expended |
losses |
in funds |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| Capital & Accumulated Fund |
65,540 |
(54,488) |
(13,361) |
(2,309) |
| Cyclical Maintenance Fund |
|
(6,710) |
|
(6,710) |
|
65,540 |
(61,198) |
(13,361) |
(9,019) |
| Restricted funds |
|
|
|
|
| Capital & Accumulated Fund |
5.579 |
(2.514) |
(18,078) |
(15,013) |
| TOTAL FUNDS |
71,119 |
(63,712) |
(31,439) |
(24,032) |
| for the Year Ended 5 Ap |
ril 2024 |
|
|
2024 |
2023 |
|
£ |
£ |
| INCOME AND ENDOWMENTS |
|
|
| investment income |
|
|
| Investment income - dividends |
6,658 |
6,405 |
| Deposit account interest |
364 |
67 |
| Investment income - interest |
5,547 |
3,865 |
|
12,569 |
10,337 |
| Charitable activities |
|
|
| WMC income |
65,660 |
60,782 |
| Total incoming resources |
78,229 |
71,119 |
| EXPENDITURE |
|
|
| Charitable activities |
|
|
| Property expenses |
50,613 |
29,716 |
| Insurance |
2,505 |
1,943 |
| Management charges |
31,011 |
28,221 |
| Amortisation of grant |
(1,910) |
(1,910) |
|
82,219 |
57,970 |
| Other |
|
|
| Depreciation of tangible fixed assets |
3,476 |
2,826 |
| Support costs |
|
|
| Governance costs |
|
|
| Accountancy and legal fees |
2,964 |
2,916 |
| Total resources expended |
88,659 |
63,712 |
| Net (expenditure)/income before |
|
|
| gains and losses |
(10,430) |
7,407 |
| Realised recognised gains and losses |
|
|
| Realised gains/(losses) on fixed asset |
|
|
| investments |
(7,293) |
3,359 |
| Net (expenditure)Zincome |
(17,723) |
10,766 |