2024-03-31-accounts - The William Nuttall Cottage Homes For Aged Spinsters

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WILLIAM NUTTALL COTTAGE HOMES ANNUAL REPORT Financial year: 1st ApriL 2023 318t Mareb 2024 Registered Charity jy 222066 TRUSTEES: Mr Mark John Hunter Mr8 Helen Clare Scott Trustee Mr Petsr Downie Trustee ADVISORS: Mrs Rosemarie Sha Solicitorl Clerk Mrs Samantha Watton Clffk Solicitors Qualitysolicitors Jordans W H Prlor & Co. Accountants Virgin Money PIC Bankers ADMtNISTRATtVE OFFICES: 4 Priory Place, Don&qster, DN I IBP

TS OF THE TRUST In 1930 William Nuttall, a local businessman and sweet manufacturer> provided funds to construct th¢ Cottag¢s with the aim of providAng homcs for elderly spinsters in n¢¢d, from th¢ Borough of Doncaster, known as the William Nuttall Cottage Homes for Aged Spinsters. Under the tern]s of a Scheme dated the i Q January 2003 the tern]s of the Trust were revised and the William Nuttall Cottage Honkes now provide homes for ladies ag 55 years and over who are resident at the date of application in Doncaster or within a 10 mile radius who are suffering hardship or distress, or for such charitable purySes for the benefit of the residents of the homes as the Trustees shall decide. The n]les and enty requirements for the residents of the homes are set down within the Scheme and the regulations for occupation of the cottages are set down in the Residents Handbook, a copy of which is supplied lo each resident upon occupation. ADMtNISTRATION The Trust currently operates with two appointed Trustees and a chairyerson elect from that body annually. The Trustees meet periodically throughout Ihe year and &ssemble for an Annual Genera] Meeting in January. Tlie Trustccs are elccted by the members of the Charity Board with appointmcnts and re- appointments being decided on an amiual b&8iS. The Truslees have the Wert0 appoint new trustees on an interim basis pending the next AGM CHAIRMAN'S REPORT

I am pleased to be able to report once again as we clos¢busincss at th¢ year end of Mah 2024 that tbe Tnjst has once again faired w¢ll this year in tfflns of occupancy with 22 out of th¢ 24 cottages beinbF CiUTently occupied. These cottages will now undergo an extfflsive renovalion. Once again issues relating to damp and roof leaks still appear to be an ongoing problem and are still a cause for concern for many of the cottages. Our usual contractors have worked endlessly to resolve the damp issues as they arise and residents have been satisfied with the completed works. In addition a number of residents baveneeded new boilers, pipes and joinery WOTks. This being one of the most costly repairs for the Trust Ihis year. Bancrofts & Sons still continue to manag¢ th¢ tre¢s and surrounding gard. A numb¢r of Complaints have been tnade by residents as to the lawns and tidin¢ss of the gardens. Also neighbouring residents who live at the rear of the gardens on Sandbeck Road have complained of the trees and branches potentially damaging their fencing and dkIng areas. Th¢ annual autumnal fall of leaves also appear to be a problem on the grounds and reports of blocked guttering. Once again the programme of cottage renovation has meant that w¢ hav¢ b¢¢n abl¢ to r¢cover realistic maintenance fees in respect of the residents, use of the cottages. Those funds are now building so that we are potentially able finally to start considering larger projects of renovation in the next year, priority to damp and rnofing Problans but consideration is now also being given to new front d4)ors. The proposed installation of new doors would no doubt have a tK>sitive impact on resident's wellbeing and improvement of the standard of living. N¢w door6 would also dramatically improve the general appearance of the cottages.

Fair¢loughs, The Trust's Plumbing conlractor has successfully compleled a filll gas and safety check on the all cottages. All were deemed complaint and approved. tn sumrnary, l and my fellow Tte¢S feel that we have continued to make progress this year and have maintained the ttageS despite the obstacles thrown in ourpath. We have throughout the year maintained the cottage5 to a reasonable standard and for this we must thank our r¢8ular contractors who have made themselves available for urgent works and short notice. The cottages are in good OTder and we believe that we are providing a satisfactory standard of accornmodation to our current residents. FINANCIAL REPORT The Truste¢s of th¢ chltY pr¢s¢nt th¢ir annual accounts and financial statement for the year ended 31. March 2024. The Trustees acknowledge their requirement to provlde for the upkeep and maintenance of th¢ cottages atKI funds havebeen set &side for this purpose d1Ved from the maintenance payments made by the Ladies TRUSTEI ES, RESPONSIBILITY STATEMENT The Trustees of the William Nuttall Cottage Homes Tegistered Charity are required to prepare financial statements for each financial year that gives a trne and fair view of the state of affairs of th¢ Charity at th¢ end of th¢ financial y¢ar and of mov¢m¢nts of funds for that period. The Trustees confirni that suitable accountancy policies have been usal throughout in accordance with the ststement ofrecommended practice issued by the Charities Commission. The TThte¢s

are responsible for keeping proper a)UntIng records for taking reasonable steps to safeguard the assets of the Charity in order to prevent and detect fraud or other irregularities. IUSK The Trustees have carried out a review of the major risks to which the charity may be exposed and have adoptaj a risk strategy plan in respect of these. Th¢ policy will be subject to further revi¢w during the Coming twelve months The Tnte¢S are satisfied that there are no serious incidents or other matters which they should have brought to the attention of the Conllllission gnd had not done so already. So far as the Trustees are aware theTC is no relevant audit infonnation of which the Independent Exarniners are unaware and each Trustee has taken all the steps that he or she ought to have taken &8 a Trustee in order to make himself or herself aware of any Independent examination infomiation and to establish that the Independent Examiners are aware of that InfOrnll0n. FIXED ASSETS Any movement in Fixed Assets Is reflected In the Accounts STATEMENf OF INVESTMENT POLICY The Trustees are aware of their obligation to consider and provide a Statement of Inv¢stD]ent Policy which has been compiled and submitted to the Trustees for their approval. EVENTS SINCE THE BALANCE SHEET DATE No events have occurred sin¢¢ the Balance Sheet datc wbich affect the Charity TRUSTEES

TheTI'u5tees of the Churily who SVed diiiing the yeai. and up to the date of this Rei)orl are set out oil Page l of this Report This ReJ)orl has been prepaird in accoidllncL with the St&tn¢llt of Recoinmended Pr&¢tics Accowiting al Reporting by ChaTities (SORP 20J5) Tlii8 Report was approved by the Tiustge Boai'd on the 2 Dayof JA 2025 and signed by:" Mr Mark John Hunter On belialf of theThtstees of the William Nuttall Cottag6 Home5

THE WILLIAM N[TALL COTTAGE HOMES (Registered Charity 222066) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

THE WILLIAM iyirrrALL COTTAGL HOMES NANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 CONfENTS Pag¢ L¢g81 ond Adn)inislrntiY¢ D¢tails lttdepeDdentExaMiT'8 Re)rt Statcment 0(FiKaTlal Activities Ba]an¢e Sheet Notes to the Financial Statements

Page I THE WILLIAM NwrrALL corrAGE HOMES LEGAI. AND ADMINISTRATIVF. DF.TAII.S Trusttts Mr. M.J. Hunter, fvIRICS Mrs. H.C. Scott Mr Peter Downi¢ Corresp•ndent & Clerk t• Thstr¢s Mr8. K Sbary. ILB. AdJninithtiveorrKeB 4 Priory Pla, Donca51er. DNI IBP Cbaiity Registr10 Nllmber 222066 Gov¢rnittg Imtrymtnt Scheme of th¢ Charity Conllnission¢rs made on 16'J4lluary 2003 Solieltors Jordans &blicitOTS LLP. 4 Priory Plac DoJ]¢as¢r. DNI IBP l*dependent Examlner R.A. Prior. FCC& FCIE. LhA W. H. P[r Chart¢red C¢rtifJ¢d Attountstlts, Railway Court, Doncaster. DN4 5FB PrIn¢1p BLer1 Clydesdale Bank plc tla Vr8in my, 19 St. Sepulchre Donrast¢i. DNI ITD

Pag¢ 2 THE WILLIAM NUTTALI. COTTAGE HOMES INDEPEIYDENT EXAMINER'S REPORT TO THE TRUSTEES OFTHE WIILIAM yirrTALL COThAGE HOMES I r¢poTt on aCcnts0f tbc Clwrity for thc Ycar Endcd 31" March 2024 which arc 8Ct out on 3 to 8. Thts rtp)rt is made solely to the Charity's trustees, as a body, in ac¢oTda]Jce with the regulattots njadc Ihc Charilies Ath 2011. My Work has b¢¢n und¢rtak¢n 50 that l Tnight stst¢ to the Charity's trust¢¢4 those mAtters l am required io sts lo them in an Independeni Examiner's rqrt and for no other PUTpose. To the fullest ext¢nt pernJitt¢d by law, I Ik¥ nDt 4¢ttpt or assume responsibility to aThyone other than the Charity and the Charity's truslees as a body fortlii5 f¢poiL Re5pe¢dv¢ re$ponslbllltle$ of T1¢£ 9nd ExamlTr¢r As the Charity's Trustees. you are rewnsible (or the prepardtion of the acco15,. you considcr that the awjit r¢quir¢m¢nt of Section 144(21 of th¢ Chariti¢s Act 2011 Itk 2011 Act) dDES DOI apply. It is myres)n81bi1Ity X8min¢ th¢ ac¢ounts undcr 8¢dion 145 of th¢ 2011 A. to follow ihe pedTe8 laid domm in the General Direction8 given by the CbarityConunissioner5 (uThJer 5e¢tion 145151(b) of the 2011 Act., and to stat¢ wheth¢r particulaT matT5 have Gome to my atl¢ntion. B#$h Of lrtdependeni Exmirter'$ Report My ¢xa]nination Caled out in accordance with the Gen¢Tal DilI0S gIn by th¢ chity Co]nmissioTJer8. An cxanjittats.on includes a [ttW of the accotsnting trecor kept by the Charity and a comp)son of th¢ accounis Pte5ented with those records. It also includes cotL%ideratien of any umisual items or disclosu£ in the accounts. and 5ceking ¢xpldnalion5 ftomyou as TnLSt¢¢s conCnIng any 5u¢IL Matt5. Th¢ procedu5 un(krtak¢n th)ttot Ptov¥l¢ all the evi(len¢e that would bt r¢quired in Jn #udii and consequently t)0 opinioh is given &q to wheth¢r the Auounts prcsent a'truc and fatr view. and thc rcpon 15 limited to those matter8 act out ID the statement below. Independent Examiner's Ststement In CONrtiOn with my examirwtion. no Matter has to my att¢ntion:_ {al Whs¢b giv m¢ Teasonabl¢ uus¢ 10 believe Ibai in any material r¢s¢t & requirem¢nts to kcg) accounting rccords in accordanc¢ with 5CCtion 130 of thc 2011 Act,. and to PTepare accowjts which accord with the accounting Tccords and to complywith the3ClltIng reqUIr¢Tnts of the 201 l Act knv¢ noi IK¢nm¢t,' or (b) lo whl'ch. ID my OPitLion. attention SIdd be drawn in order to ¢nable a pToper und¢TsiaDdJllg of th¢ 3w)ullLs to be re8ch¢d. ILA. Prior. F.C.C& F.C.11,Deh Ch•rt¢r¢d CcrtifwdA¢wJutytDt FrUTrwoflh¢ AMvi4lÉoll of Ch•rity llld¢prudoDtExamillerJ W. H. Prlor Ch•rtered Certllled At¢ountxnts Railway Cour( DoA¢a5ter. DN4 SFB Dated:_ JnuAry 21125

%e3 THE WILLIAM NUALL COTTAGE HOMES STATEMEIYT OF FINAiYCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024 Ettdowmenl Totsl 21J24 Note llleomt ad endowments D•natlotts and legatles Donations & Charitable etivit5 kn¢om¢ from Resid¢nts Investment Incorne 98,41K 12,669 98,400 12.669 IOS.373 5,964 TOTALINCOME 111.069 111,069 111,337 E%peDdRtur¢ Dlrect Ch¥rltbl¢ EipeDditllre ProvLsion of xcon1mat 114,365 36 114.401 97,034 TOTAL EXPEJVDITURE 114,365 36 114AOI 97,034 NETINCOMEBEFORE OTHER RECOGJVISED GAINS/(LOSSES) (3296) (36) {3,33 OTHER RECOGNISED GAINS/ILOSSES) Gain51(Losges) on inv¢$tmtht &ssets ,552 1.552 (1.583} NETMOVEMENTINFUNDS (3.296) 1,516 (1,780) 12,72 Ba1CeS brought forward at 1st April 2023 288230 107,300 395,530 382,810 Bl#n¢es ¢*nl¢d forwArd at Jlst March 2•24 184934 IIW16 393,750 395,5311 Th¢ noks on pages 5 to 8 forn) part of these fittancial 5tatrments

P4e4 THE WILLIAM NUTTALL COTTAGE HOMES BALANCE SHEET ASAT31ST MARCH 2024 2024 2023 Note Ftsed ALtts Tangible Fixed assets IDveslmcnts 32.850 35,966 32.886 34,414 68,816 67,300 Cllrr¢mt asstts Debwrs Bank Acwmts 10 732 333,968 625 336,957 334,700 337,582 Llabffilldes .' amounts falling due within onc ye&r li 9,766 9,352 324.934 328230 Net ets 393,750 395J30 UbYes1rkt F¥Dd$:_ Endoivment Fund EndowtncDt Fund 12 12 40.10 68.816 40,000 67,300 GwJerl Fnd 284,934 288,230 T•t*A Fund5 393.750 395,530 TtL¢ Trala1 5ta¢¢Tll¢nts vn pa¥¢¥ 3 to 8 war apwOV by th¢ T1¢¢$ 20. JaDuary, 2025 8ry] sigo¢d theirbehalf by:_ Mr. MJ. Huthter Truste The notes on pages 5 to 8 form part of these fitwiclal slai¢ments

Page 5 THE WILLIAM NirrrALL COTTAGE HOMES IYOTES TO THE INAl¥cIAL STATEMENTS FOR THE YEAR ENDED 31ST lARCH 2024 A¢eountEng polkks BAJb ofaccountlng The financial stsiements have been preparedunderthc historical c08t accounting convention it¢ reCOlSe at ¢ost OT trawaciion value unless othenYi5e sthted in the relevant notes to the #¢¢ount$. The firtaL81 ststements have b¢¢th pr¢rored in &cordatKe with applicablt accounting standards, thc Charitics SORTr (FRS102) 8tyJ the CILaritiGs Art 2011. IDcome All incoming resources are included ill the SOFA wh¢n th¢ (hilY i5 1¢¥4tlly ¢ttliU¢d ¢0 ¢h¢ in¢ome and tbe aJM)unt Can be quantifial with reasonable aGcuracy. All income 1$ treated a% unrestri¢t¢d income. unlcss thc doTh)rhas placcd restri¢tions on the mann¢r tn which the donation orgrantmaybe spen¢ iTh which ca5C it is treateda5 re5tricd uJrom¢. Inv¢stnKnt 1$ i<¢orthd wh¢n r¢c#ivdbl¢. Dlrect Charltabie ExpeAdliure Direct charitsbl¢ ¢xpenditure CO15ts of all expet]diture a%soti4tsd with the provision of ho]ng a¢comrnodation for women aged over 45 years, r¢sid¢nt in th¢ #rea tsf benefit (DoJAsr and all tlk21 area within a 10 mil¢ radius) who are in har(tshipor distres8. or Such charitsbie Pulp5¢5 foi th¢ b¢n¢fit of th¢ r¢SentS as th¢ ttustees decide. Fixed A55ets-Depreci¥tiott ad dimixution In vlMe of ssets. Tangibl¢ fix¢da$sets othtrthaJJ prowty are stste41 at cost less thpreciation. Lkpreciation is PTovithd at rat cal¢ulatcd to TIt¢ off the ¢051 of fixed i wlu¢ittg balance basis over their expcct¢d uscful liv¢5. The principal &)nual ed for this pwp(w are:_ reeholrt buildings nil Fixtses & fittings 15Yo Investmtnts Li$t¢d inv¢stments have been VAlu¢d at their fair value at the BalaLce Sbeet da. The fair value of quod s¢curiti¢5 15 based on the mi(kJle market quotslÈon on th¢ leVant Stwk Exchange. T#x•tion Thc charity is a regK%rcd charity and accordingly 15 ex¢rnpi from toxiiion on its iome gains where they are appli¢d for ¢lwithble purposes. llleomt from Residents 21124 21123 CoDtTibuiions frorn r¢¥id¢nts towards & servi¢es 98,400 105.373 98,4(10 105,373

P8y6 THE WILLIAM NUThALL COTTAGE HOMES NOTES TO THE FINANCLIL STATEMENfs FOR THE Y£AR EiYDED 31ST MARCH 2024 Investhent Income Anatysis 21124 2023 l#tÉrut & Dividends Divid¢tMls from Listed tnvestmenls Bank Interest & BuildiTh8 Sttiety Interest 1.673 10,996 1,617 4,347 12,669 Ch#rit•Ne Attlvltls-Provlslon of Attommodatlon & Serwke5 2014 2023 Cow)cil Tax- Enwty prty¢rti¢8 Light & H¢at-CoTtununal swply & FmpLy prop¢rti¢s Insurancc Garden maintenance lillel. tsttschemesl Prop¢ty repairs D¢pre(ialits Adtninistratiort fees re]atittg to provision of auommodation ctc. Lcgal fccs governanc¢ Independent Exan)in¢r's fr£5 Subscripli0Th8 1,985 1,183 2.790 3,000 52,185 36 35.000 15,000 2,640 582 572 437 2.412 6,175 37.942 43 32,620 13.980 2.520 333 114,401 97,034 Relted Party Tra505 & Tr¢¢¢¥, rtmutt¢r4ti0 No remunerntion was paid to the tn]stets in tht year, nor were any expcD5¢s r¢imbutseLt StAff Coxt 2024 2023 Salary costs Thc chan'ty doc5 not any employees,. tto employtt ¢tI¢d £60,0 perarnun) ormo.

Pag¢ 7 THE WILLIAM NUTTALL COTTACYE HOMF NOTES TO THE FINANCL4L STATEMEI¥TS FOR THE YEAR ENDED 31ST MARCH 2024 Tangibk FSx¢d Ass¢¢5 Freel¥)Id Land & Builditigs Flxtures & FJllAngs Totsl Cost or VluAtIo 1st April 2023 32,643 4.518 37.161 Jlst Marcll 2024 32,643 4.Sl8 37,161 D¢pre(ialion 1st April 2023 Charge for thc Y 4,275 36 4,275 36 31st Mah 2024 4,311 4,311 et b V]$ 31st M#r¢h 2024 32,643 207 32,8511 31stMarch 2023 32.643 243 32,886 All fixed L8set5 are wcd in rclation to dircct¢h&ritablc ¢tiwitios. Flxed Asset love5tmtTrt 2024 21123 AtMArket Value MJTk¢¢ Valu¢ at 1st April 2023 Nct unTcaliscd inv¢stmcnt gainsl(lossts) 34.414 ,552 35,997 (1.583) M*rket V•lue #t 31" March 2024 35.966 34,414 All investments are held primarily to provide an investtnenl return for th¢ Gharity and all areheld in the UK. The followjng inve5ttEKnts funn a mat¢tial propottion of th¢ ponfolio'.- JP Morgan UK Stratcgic Equity Imnc Fund M&G Charifund 21,4{ {59.52%) 14.560 140.484/ 35,966

Page 8 THE WILLIAM NiALL COTTAGF. HOMES NOTES TO THE FtYANCIAL STATEMENTS FOR THE YEAR ENDED31ST MARCH 2024 io Debtori 2024 2023 Soli¢itoV8 Cli¢nt AoUnt P]waym¢nts 18 714 18 732 625 All debts #re witbin one year. Creditors-Arnounts fllin% dlle wlthill year 2024 2•23 Trnik rd5tr$ Accruals 1,126 8.640 2,832 6.520 9.766 9,352 12 Unrestrkled Fwid5 GainSl(LDu) B¥lan¢¢ ExpendltsTe & Tratsilers 31J.24 IA23 lJJtome Endowment Fund EndowTnent Fund 67,300 136) 1,552 68.816 G¢nero1 288.230 111.069 (114,365) 284.934 Totsl UnrMlri¢t¢d Fun 395.530 I l L.069 (114,401) 1,552 393.750 13 ADIysis of Netknets bttweem Funds Net CurreDt 2024 TOTAL 2023 TOTAL Fixed A$s¢i• Unrestricted Funds Endowm¢ÈJi Fu1 Endowmellt Fund G¢n¢ral Fund 40.000 40,0(M) 68,816 284,934 40,0 67.3(K) 288,230 68,816 284,934 68,816 324,934 393.750 395,530

THE WILLIAM N[TALL COTTAGE HOMES (Registered Charity 222066) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024