## 

||**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**|





## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 




Indep*Klent Examlnerfs Report to the Trustees of
W H Hirst Doceased Trust
Independent examlnerfs report to the trustees of W H Hlrst Deceased T￿￿t
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 prepar*ion 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|