| Page | ||||||||
|---|---|---|---|---|---|---|---|---|
| Reference | and Administrative |
Details | I | |||||
| Report of |
the | Trustees | 2 | to |
4 | |||
| Independent | Examiner's | Report | S | |||||
| Statement | of | Financial | Activities | 6 | ||||
| Balance Sheet |
7 | |||||||
| Cash Flow | Statement | 8 | ||||||
| Notes to |
the | Cash Flow | Statement | 9 | ||||
| Notes to |
the | Financial | Statements | 10 | to |
20 | ||
| Detailed |
Statement |
of | Financial | Activities | 21 | to | 22 |
| TRUSTEES | Adrian Mark | Horsley | ||
|---|---|---|---|---|
| Mrs Patricia Anne Booth | ||||
| James Needler | ||||
| Nicholas Luffingham | ||||
| Mr Anthony |
Nicholson | |||
| Nei1 Riseham | ||||
| Mrs Karen Woods | ||||
| PRINCIPAL |
ADDRESS | c/o Caretakers | Lodge | |
| 2A Lees Rest | House | |||
| Anlaby Road | ||||
| Hull | ||||
| East Yorkshire | ||||
| HU4 6XA | ||||
| REGISTERED | CHARITY |
NUMBER | 221523 | |
| INDEPENDENT | EXAMINER | Sowerby | ||
| Chartered Accountants |
||||
| Beckside Court | ||||
| Annie Reed Road | ||||
| Beverley | ||||
| East Yorkshire | ||||
| HU17 0LF | ||||
| BANKERS | HSBC | |||
| 3-4 Jameson Street |
||||
| Hull | ||||
| HUI 3JX | ||||
| INVESTMENT | MANAGERS | JM FINN | ||
| 4 Coleman Street | ||||
| London | ||||
| EC2R5TA |
| 2024 | 2023 | |||||
|---|---|---|---|---|---|---|
| Number | of residents | at year | end | 136 | ||
| Changes | in residents | during |
the year due to: | |||
| New residents | 8 | |||||
| Resignations | ||||||
| Deaths | ||||||
| 13 | ||||||
| Average |
age of residents | 78 |
| 2024 | 2023 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||||
| funds | funds | funds | funds | ||||||
| Notes | L | ||||||||
| INCOME |
AND |
ENDOWMENTS | FROM | ||||||
| Charitable | activities | 4 | |||||||
| Charges to | residents | 558,608 | 558,608 | 547,456 | |||||
| Income from laundry | 3,680 | 3,680 | 4,089 | ||||||
| Electric sales | 76, 189 | 76, 189 | 84,879 | ||||||
| Investment | income | 3 | 31,878 | 3I ,878 | 24,270 | ||||
| Total | 670,355 | 670,355 | 660,694 | ||||||
| EXPENDITURE | ON | ||||||||
| Raising funds |
|||||||||
| Other trading activities | 5 | 456,521 | 456,521 | 483,700 | |||||
| 456,521 | 456,521 | 483,700 | |||||||
| Charitable | activities | 6 | |||||||
| Governance | costs | 258,084 | 258,084 | 256,002 | |||||
| Total | 71 4,605 | 71 4,605 | 739,702 | ||||||
| Net gains | on investments | 64,381 | 64,381 | 42,517 | |||||
| NET INCOME/(EXPENDITURE) | 20, 131 | 20,131 | (36,491) | ||||||
| RECONCILIATION | OF FuNDS | ||||||||
| Total funds brought | forward | 1,462,022 | 80,023 | 1,542,045 | 1,578,536 | ||||
| TOTAL |
FUNDS | CARRIED |
FORWARD | 1,482,153 | 80,023 | 1,562,176 | 1,542,045 |
| 2024 | 2023 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||||
| funds | funds | funds | funds | |||||
| Notes | l | |||||||
| FIXED ASSETS |
||||||||
| Tangible assets | 12 | 190,596 | 76,205 | 266,801 | 361,016 | |||
| Investments | 13 | 718,474 | 718,474 | 643,666 | ||||
| 909,070 | 76,205 | 985,275 | I | ,004,682 | ||||
| CURRENT |
ASSETS | |||||||
| Debtors | 14 | 4,322 | 4,322 | 246 | ||||
| Cash at bank | and in | hand | 606,401 | 3,818 | 610,219 | 575,585 | ||
| 610,723 | 3,818 | 614,541 | 575,831 | |||||
| CREDITORS | ||||||||
| Amounts falling due |
within one year | IS | (37,640) | (37,640) | (38,468) | |||
| NET CURRENT ASSETS |
573,083 | 3,818 | 576,901 | 537,363 | ||||
| TOT AL ASSETS |
LESS CURRENT | |||||||
| LIABILITIES | 1,482,153 | 80,023 | 1,562,176 | 1,542,045 | ||||
| NET ASSETS | 1,482,153 | 80,023 | 1,562,176 | 1,542,045 | ||||
| FUNDS | 16 | |||||||
| Unrestricted |
funds | 1,482,153 | I ,462,022 | |||||
| Restricted funds |
80,023 | 80,023 | ||||||
| TOTALFUNDS | I ,562, 176 | I ,542,045 |
| 2024 | 2023 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | ||||||||
| Cash flows | from | operating | activities | |||||
| Cash generated |
from operations | I | 13,183 | (19,490) | ||||
| Net cash provided | by/(used |
in) | operating |
activities | 13, 183 | (19,490) | ||
| Cash flows | from | investing | activities | |||||
| Purchase of |
fixed | asset investments | (20,859) | (18,375) | ||||
| Sale of fixed | asset | investments | 10,432 | 9,581 | ||||
| Interest received |
I I ,019 | 5,895 | ||||||
| Dividends received |
20,859 | 18,375 | ||||||
| Net cash provided | by investing | activities | 21 ,451 | IS,476 | ||||
| Change in |
cash | and cash | equivalents |
in the | ||||
| reporting |
period | 34,634 | (4,014) | |||||
| Cash and | cash | equivalents | at the beginning | |||||
| of the reporting | period | 575,585 | 579,599 | |||||
| Cash and | cash | equivalents | at the end | of | ||||
| the reporting | period | 610,219 | 575,585 |
| ACTIVITIES | ||||||
|---|---|---|---|---|---|---|
| 2024 | 2023 | |||||
| { | { | |||||
| Net income/(expenditure) |
for the reporting | period | (as per the | |||
| Statement of Financial Activities) |
20, 131 | (36,491 ) | ||||
| Adjustments for: |
||||||
| Depreciationcharges | 94,215 | 94,215 | ||||
| Gain on investments | (64,381 ) | (42,517) | ||||
| Interest received | (11,019) | (5,895) | ||||
| Dividendsreceived | (20,859) | (18,375) | ||||
| (Increase)/decreaseindebtors | (4,076) | 5,197 | ||||
| Decreaseincreditors | (828) | (IS,624) | ||||
| Net cash provided |
by/(used | in) operations | 13,183 | (19,490) |
| At I/I 0/23 | Cash flow | At 30/9/24 | ||
|---|---|---|---|---|
| Net | cash | |||
| Cash | at bank and in hand | 575,585 | 34,634 | 610,219 |
| 575,585 | 34,634 | 610,219 | ||
| Total | 575,585 | 34,634 | 610,219 |
| INVESTMENT INCOME |
||
|---|---|---|
| 2024 | 2023 | |
| { | { | |
| UK listed investments | I 4,707 | 9,984 |
| Overseas listed investments | 6, 152 | 8,391 |
| Deposit account interest | I I ,019 | 5,895 |
| 31 ,878 | 24,270 |
| INCOME | FROM CHARITABLE |
ACTIVITIES | ||||
|---|---|---|---|---|---|---|
| 2024 | 2023 | |||||
| Charges | ncome | |||||
| from | Electric | Total | Total | |||
| residents | laundry | sales | activities | activities | ||
| Charges | to residents | 558,608 | 558,608 | 547,456 | ||
| Income | from laundry | 3,680 | 3,680 | 4,089 | ||
| Electric | charges to residents | 59,618 | 59,618 | 69,702 | ||
| RHI | I 6,57 I | 16,571 | 15, I 77 | |||
| 558,608 | 3,680 | 76,189 | 638,477 | 636,424 |
| OTHER | TRADING ACTMTIES |
||
|---|---|---|---|
| 2024 | 2023 | ||
| Heating | costs | 4 996 | 9,223 |
| Staff costs | 28,746 | 27 280 | |
| Rates and water | 6,379 | 4 977 | |
| Insurance | 6 882 | 6, 173 | |
| Background heating |
34 013 | 29 089 | |
| Garden | maintenance | 2,487 | 3 447 |
| Water |
charges | SO 05 | 34,319 |
| Cleaning | 2,470 | 3,248 | |
| Routine | maintenance | 35 449 | 42,558 |
| Property | repairs | 65 048 | 203 386 |
| Carried | forward | 456,521 | 483,700 |
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Brought forward | 456,52 | 483 700 | |||
| 456,521 | 483,700 | ||||
| CHARIT | ABLE ACTIVITIES | COSTS | |||
| Support | |||||
| costs (see | |||||
| note 7) | |||||
| Governance | costs | 258,084 | |||
| SUPPORT | COSTS | ||||
| Governance | |||||
| costs | |||||
| Governance | costs | 258,084 |
| 2024 | 2023 | ||
|---|---|---|---|
| Wages | and salaries | I34,342 | 36,900 |
| Social | security costs | 6,906 | 7,592 |
| Other | pension costs | 6,921 | |
| 148, 169 | 152,256 |
| 2024 | 2023 | |||
|---|---|---|---|---|
| Administration | 2 | 2 | ||
| Cleaning | 2 | 2 | ||
| Caretaker | I | I | ||
| Garden maintenance | I | I | ||
| 6 | 6 |
| COMPARATIVES FOR THE ST ATEMENT |
COMPARATIVES FOR THE ST ATEMENT |
OF FINANCIAL | ACTIVITIES | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| INCOME AND ENDOWMENTS |
FROM | ||||
| Charitable activities |
|||||
| Charges to residents | 547,456 | 547,456 | |||
| Income from laundry | 4,089 | 4,089 | |||
| Electric sales | 84,879 | 84,879 | |||
| Investment income |
24,270 | 24,270 | |||
| Total | 660,094 | 660,694 | |||
| EXPENDITURE ON |
|||||
| Raising funds |
|||||
| Other trading activities | 483,700 | 483,700 | |||
| 483,700 | 483,700 | ||||
| Charitable activities |
|||||
| Governance costs |
256,002 | 256,002 | |||
| Total | 739,702 | 739,702 | |||
| Net gains on investments | 42,517 | 42,517 | |||
| NET INCOME/(EXPENDITURE) | (36,491) | (36,491 ) |
| Unrestricted | Restricted | Total | |||||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | |||||
| { | { | ||||||
| RECONCILIATION | OF | FUNDS | |||||
| Total funds brought | forward | I ,498,SI 3 | 80,023 | I ,578,536 | |||
| TOTAL | FUNDS |
CARRIED | FORWARD | I ,462,022 | 80,023 | I ,542,045 |
| T ANGIBLE FIXED ASSETS |
|||
|---|---|---|---|
| mprovements | |||
| Freehold | |||
| property | property | Totals | |
| COST | |||
| At I October 2023 and 30 September 2024 | 76,205 | 942, 147 | 1,018,352 |
| DEPRECIATION | |||
| At I October 2023 | 657,336 | 657,336 | |
| Charge for year | 94,215 | 94,215 | |
| At 30 September 2024 | 75 I ,551 | 751 ,551 | |
| NETBOOKVALUE | |||
| At 30 September 2024 | 76,205 | 190,596 | 266,80 |
| At 30 September 2023 | 76,205 | 284,81 | 361 ,016 |
| Listed | ||||||||
|---|---|---|---|---|---|---|---|---|
| rnvestments | ||||||||
| MARKETVALUE | ||||||||
| At I October | 2023 | 643,666 | ||||||
| Additions | 20,859 | |||||||
| Disposals | (10,432) | |||||||
| Revaluations | 64,381 | |||||||
| At 30 September |
2024 | 718,474 | ||||||
| NET BOOK | VALUE | |||||||
| At 30 September |
2024 | 718,474 | ||||||
| At 30 September |
2023 | 643,666 | ||||||
| Analysis of |
investment | assets | 2024 | 2023 | ||||
| ASSetS in the | UK | 347,345 | 284,552 | |||||
| Assets outside | the | UK | 371,129 | 359,114 | ||||
| 718,474 | 643,666 | |||||||
| Cost or valuation | at 30 | September | 2024 | is represented | by: | |||
| Listed | ||||||||
| investments | ||||||||
| Valuation in 2024 | 718,474 | |||||||
| DEBTORS: |
AMOUNTS | FALLING |
DUE WITHIN | ONE YEAR | ||||
| 2024 | 2023 | |||||||
| Other debtors | 4 322 | 246 |
| 2024 | 2023 | |
|---|---|---|
| Trade creditors | 2,019 | |
| Taxation and social security | 2,425 | 442 |
| Other creditors | 33,196 | 37 026 |
| 37,640 | 38,468 |
| Net | Transfers | |||||
|---|---|---|---|---|---|---|
| movement | between | |||||
| 1/10/23 | in funds | funds | 30/9/24 | |||
| L | ||||||
| Unrestricted funds |
||||||
| Restricted | investment | fund | 250,408 | 61 ,725 | (58,000) | 254, 133 |
| Free investment fund |
I ,208,087 | 123,454 | (116,000) | I ,21 S,54I | ||
| Cyclical | maintenance |
fund | I ,387 | (23,286) | 30,000 | 8,101 |
| Extraordinary repair |
fund | I ,750 | (141,762) | 144,000 | 3,988 | |
| Property | maintenance | fund | 390 | 390 | ||
| I ,462,022 | 20, 13I | I ,482, 153 | ||||
| Restricted | funds | |||||
| Property | endowment | fund | 50,023 | 50,023 | ||
| Mortgage | redemption | fund | 30,000 | 30,000 | ||
| 80,023 | 80,023 | |||||
| TOT AL |
FUNDS | I ,542,045 | 20, 131 | I ,562, 176 | ||
| Net movement in funds, included in the above are as follows: |
||||||
| ncommg | Resources | Gains and | Movement | |||
| resources | expended | losses | in funds | |||
| Unrestricted funds |
||||||
| Restricted | investment | fund | 223,452 | (183,187) | 21 460 | 61 ,725 |
| Free investment fund |
446,903 | (366,370) | 42,92 | I 23,454 | ||
| Cyclical | maintenance |
fund | (23,286) | (23,286) | ||
| Extraordinary repair |
fund | (141,762) | (141,762) | |||
| 670,355 | (714,605) | 64,381 | 20, 131 | |||
| TOT AL |
FUNDS | 670,355 | (71 4,605) | 64,381 | 20,131 |
| Net | Transfers | |||||
|---|---|---|---|---|---|---|
| movement | between | |||||
| / IO/22 | in funds | funds | 30/9/23 | |||
| Unrestricted funds |
||||||
| Restricted | investment | fund | 260,778 | 55,630 | (66,000) | 250,408 |
| Free investment fund |
I ,228,822 | I I I ,265 | (132,000) | I ,208,087 | ||
| Cyclical | maintenance |
fund | 6,645 | (33,258) | 28,000 | I ,387 |
| Extraordinary repair |
fund | I ,878 | (170,128) | 170,000 | 1,750 | |
| Property | maintenance | fund | 390 | 390 | ||
| I ,498,513 | (36,491 ) | I ,462,022 | ||||
| Restricted | funds | |||||
| Property | endowment | fund | 50,023 | 50,023 | ||
| Mortgage | redemption | fund | 30,000 | 30,000 | ||
| 80,023 | 80,023 | |||||
| TOT AL |
FuNDS | 1,578,536 | (36,491) | I ,542,045 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| { | { | |||||
| Unrestricted | funds | |||||
| Restricted |
investment | fund | 220,231 | (178,773) | 14, 172 | 55,630 |
| Freeinvestmentfund | 440,463 | (357,543) | 28,345 | I I I ,265 | ||
| Cyclicalmaintenancefund | (33,258) | (33,258) | ||||
| Extraordinary | repair | fund | (170, 128) | (170,128) | ||
| 660,694 | (739,702) | 42,517 | (36,491) | |||
| TOTALFUNDS | 660,694 | (739,702) | 42,517 | (36,491) |
| Net | Transfers | ||||||
|---|---|---|---|---|---|---|---|
| movement | between | ||||||
| 1/10/22 | in funds | funds | 30/9/24 | ||||
| Unrestricted | funds | ||||||
| Restricted | investment | fund | 260,778 | 117,355 | (124,000) | 254,133 | |
| Free investment fund |
I ,228,822 | 234,719 | (248,000) | I ,21 S,54I | |||
| Cyclical maintenance |
fund | 6,645 | (56,544) | 58,000 | 8, 101 | ||
| Extraordinary repair |
fund | I ,878 | (311 ,890) | 314,000 | 3,988 | ||
| Property |
maintenance | fund | 390 | 390 | |||
| I ,498,513 | (16,360) | 1,482,153 | |||||
| Restricted | funds | ||||||
| Property |
endowment | fund | 50,023 | 50,023 | |||
| Mortgage |
redemption | fund | 30,000 | 30,000 | |||
| 80,023 | 80,023 | ||||||
| TOTALFUNDS | I ,578,536 | (16,360) | I ,562, 176 |
| ncoming | Resources | Gains and | Movement | ||||
|---|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||||
| Unrestricted | funds | ||||||
| Restricted |
investment | fund | 443 683 | (361 ,960) | 35 632 | 117,355 | |
| Free investment | fund | 887 366 | (723,913) | 71 ,266 | 234,719 | ||
| Cyclical maintenance |
fund | (56,544) | (56,544) | ||||
| Extraordinary | repair | fund | (31I ,890) | (31I ,890) | |||
| 1,331,049 | (l ,454,307) | I 06,898 | (16,360) | ||||
| TOTALFUNDS | 1,331,049 | (I ,454,307) | 106,898 | (16,360) |
| 2024 | 2023 | ||
|---|---|---|---|
| INCOME AND |
ENDOWMENTS | ||
| Investment income |
|||
| UK listed investments | 14,707 | 9,984 | |
| Overseas listed investments | 6,152 | 8,391 | |
| Deposit account | interest | I I ,019 | 5,895 |
| 31 ,878 | 24,270 | ||
| Charitable activities |
|||
| Charges to residents | 558,608 | 547,456 | |
| Income from laundry | 3,680 | 4,089 | |
| Electric charges | to residents | 59,6 18 | 69,702 |
| RHI | 16,571 | IS, I 77 | |
| 638,477 | 636,424 | ||
| Total incoming |
resources | 670,355 | 660,694 |
| EXPENDITURE | |||
| Other trading |
activities | ||
| Heating costs | 14,996 | 19,223 | |
| Wages | 26,082 | 24,734 | |
| Social security | 1,360 | I ,310 | |
| Pensions | I ,304 | I ,230 | |
| Rates and water | 6,379 | 4,977 | |
| Insurance | 16,882 | 16, 173 | |
| Background heating |
134,013 | 129,089 | |
| Garden maintenance | 2,487 | 3,447 | |
| Water charges |
50,051 | 34,319 | |
| Cleaning | 2,470 | 3,248 | |
| Routine maintenance | 35,449 | 4 2,558 | |
| Property repairs |
165,048 | 203,386 | |
| 456,521 | 483,700 | ||
| Support costs |
|||
| Governance |
costs | ||
| Salaries | 108,260 | 112, 166 | |
| Carried forward | 108,260 | 112, 166 |
| 2024 | 2023 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Governance |
costs | ||||||||
| Brought forward |
108,260 | 112, 166 | |||||||
| Social security | 5,546 | 6,282 | |||||||
| Pensions | 5,617 | 6,528 | |||||||
| Brokers fees |
10,432 | 9,581 | |||||||
| Bank charges and | interest | 579 | 580 | ||||||
| Legal and professional | fees | 850 | 2, 101 | ||||||
| General administration, |
stationery | telephones | etc. | 18,563 | 10,323 | ||||
| Accountancy | 14,022 | 14,220 | |||||||
| Depreciation | 94,215 | 94,215 | |||||||
| 258,084 | 256,002 | ||||||||
| Total resources |
expended | 714,605 | 739,702 | ||||||
| Net expenditure |
before | gains | and losses | (44,250) | (79,008) | ||||
| Realised recognised |
gains | and | losses | ||||||
| Unrealised gains |
on | investments | 61 ,993 | 36,691 | |||||
| Realised gains/(losses) | on | programme | related | ||||||
| investments | 2,388 | 5,826 | |||||||
| Net income/(expenditure) | 20, 131 | (36,491) |