William Bindloss, Cottage Homes or Almshouses Charity Number 222169 Statement of Accounts for the Year Ended 31 December 2023 Stables Thomp50n & Briscoe Chartered Accountants
William Bindloss, Cottage Homes or Almshovses Conlents Page Page Charity infomaiion Management committees, repoff Approval certificate Independent Exaniiner's report to the trustees Re¢6ipt5 and paynellts account Ststem¢ni of assets and liabilities Nots to the accounts
William Bindloss, Cottage Homes or Almshouses Charity Informatioll Ch#Tity UMber IIXM052 Chair.. IDHunt TnE5tees A C Taylor P R Capasso J Horrocks (resigned 26 June 2023) B Cjregory Ire5iwed 8 March 20241 Registtred oifi¢e= Westmorland House The Square Milnthorpe Cumbria LA7 7QJ Bankers.. HSBC 64 Highgat¢ Kendal Cymbria LA9 4TF SolicitQTS'. Milne Moser We5tmorland House The Square Milnthorpe Cumbria LA7 7QJ Accounthnts.. Stables Thompson & Briscoe Chartercd Accountants & Starutory Auditors Lowther Ilouse Lowtlier Street Kendal Cumbria LA9 4DX P8ge I
William Bind105s' Cottage Homeg or Almshouse$ Trustees, Report for the year ended 31 December 2023 cetives Activitie The Area of Benefit of the AssociatiOEJ is d¢fined as Milnrhorpe. Flevershani, Beetham and Kendal. The objects of ihe charity are: To provide almshouses for poor persoTrs of good char8Cter who are noi less than 50 years of age aiid who have resided in the civil parishes of the Milnthorpe. Heversharn and Beetham and the Bofough ot-Kendal for not less ihan two years. Mated couples who are otherwise qualified as aforesaid shall be eligible for appointmeni provid¢d thar one of them 15 ot l¢ss than 50 years of age. The ch8rity owns and let5 6 properties. The twstees have had regard to the Charity Commission's guidance on public benefit. Achiev ents An erforfftante During the course of the last year there have been changes to the number of TrusÉee5. ihe Tesignatioii of two of the Charity's long standing TTUStee's. However. the three remaining TtU5tee's have embarked on a project of mLKlernisation of Ihe almshouse properties of which includes repair5, an(Vor adaption of all the tottages. as well as Ihe L18¢. The Tnjstee's have health and safety as the focus, together with the Te5idents well-being, and h2ve in addition embarked on a project of repair and maintenance of ihe driVeaY. This will include proposals foF de5ignated'bay' parking 10 ensure safety and a¢cESS for emeT8en¢y vehicles. of which will be completed in the iiext fJRan¢ial year. Th¢ Trustees hai'e a very positiv¢ outlook for the fi]ture of the Charity. and hope to iecruit further Tru5te¢s in the ttext financial year, who are motivated with the same v21ues. and hands on approach and they are. Financial Review Contributions from residents were £24,990 compared to £22.182 last year. with inv¢sttnent income of £61812022- £5951. Expenses were £1 0.143 down from £SO,036 last year reflecting the work% undertaken in (lie prevlous y¢ar. As a resuli cash at bank increase$ froTn £9,293 to £24,758 at 31 Deceinber 2023. There was also a increase in th¢ market va14]e of the investtneiits due to rnarket conditions which meant that the market value of the investments at 31 December 202J, from £159,496 to £178,599. The charity investments are priinarily held to futtd mainrenance and repairs. trvcture overnan dman The ch8riiy is an ynincorporaied Association with a constitution detennined by a Scheme of the Charity Coininissioners date 15 November 1966. The properties are Managed by Milne Moser who also keep the necessary accounts and attend generally to ihe affairs of the charity. The trustees have regular meetings with Milne Moser to ensure the proper management (Trf the charity- The trustee bod consists ofsix competent persons who may be appoinied for a term of five years by a re501uiion of the Trustee5 at a special meeting. The new tste¢ must then sign tn the minute book of the Trustee5 a declardtion of acceptance and of willingttess to act. Thete must be at leasi one general Ineeting per year. Special n)tetings may be summoned at any time by the Chairman or any two trustee5 wilh four day% noti¢c. New tnjsiees are briefed on the charity and iheir role by the existing Ttustees and Milne Moser aEJd giv¢tJ a copy of the constitution. Pag¢ 2
Trustees approval of the Unaudited Financial Information of the William Bindloss, Cottage Homes or Almshouses In accordance with the engagement letter dated 18 August 2023. we approve the financial inf¢)rniation whi£h comprises thc Receipts and Payrnents Ac¢ount and staMent ofAssets and Liabilities aiid supporting notes. We ackiiowledge our responsibility for the fÈnatJcial inforniation. inelllding the appropriateness of the appli¢able rtnaRc2al reporting framework as sei out iii note l. and for providing thc a¢¢ountanls with all inform#tion and ¢xplanaiions necessary for ils Approved by the board of trustees on...................................... and Sied on their behalf by.. Name ofirusieÈ Trn5tee Po8¢ 3
Independent Examiner's Report to the Trustees on the Unaudited Finaneial Information of the William Bindloss, Cottage Homes or Almshouses I rert to the chariry tswstees on my examinaiion of the accounis of the charity for the year ended 31 December 2023 which are set out on page$ 5 to 7. Responsibilities #nd b85Rs of report A5 tlie ¢harity's trustee5 you are responsible for the preparation of the accounis in accordance with the requirements of the Charitie5 Act 2011 {'the Act,). l ¥eport in respect of my examination of the charity's accounts carried out under section 145 of the Act and in Carrying oul my examinaiion I have followed all the &pplicBble Directions given by Ihe Charity Commi55ion under se¢tion 145{51(b) of the Act. Independent examlner's statement I have Ctsmplettd my examination. I confirm that no material matter5 hav¢ come to my attention in connection with tlie examitvation giving me cause to believe that in any Inaterial respect.. l. accounting records were not kept in re5pe¢t of the charity as required by section 130 of the Act,. or 2. the a¢¢outtts do not accord with th()se record5. I have no ¢oncems and have come across no other matiets in connection w&ih ihe examinaiion to whi¢h atieniion should be drawn IEJ this repon in order to enable a proper undetstallding of the accgunts to be reached. H M Holmes Bse FCA ICAEW Stables Thomp50n & Bris¢oe Lowthtr Hose Kendal Cumbr1# LA9 4DX Page I
William Bindloss, Cottage Homes or Almshouses ReceRPts and Payments Account for the Year Ended 31 December 2023 2023 2022 Receipts Unrestrltted funds Restrieted funds D¢$ignattd funds Toial fund5 Total Charitable Activittes.. Contributions fvom residents 24,990 24,990 22,182 Investment Income: COIF dividends Gross iniere5t received 592 25 592 26 589 25,607 25,608 22.777 Assrf and VeStment sal¢s, ei¢. 15.000 Toral Receipts 25,607 25,608 37,777 Payments Almshouse Nnning expenses.. Insurance Aecountancy Management fees NAA Sttbs¢riptio Repatrs.. Building works Electtical Gardening Utilities while enipty Plumbin9J8as service Drain repai1¢1¢ardnet Recycling Water rates Bank rh&rges 1.527 600 1,925 1.527 600 1.925 196 I,i80 1,334 8.178 1.380 28,708 2,410 1,539 985 540 4,863 246 1,233 1.348 1.275 1,348 1.275 461 461 1.339 92 1,339 92 10.143 10,143 50,036 Asset and investment purcha5e5, eic. Total Payments 10,143 10,143 50,036 Net of receiptsl payments 15,464 1.S,465 {12.259) Transfers between funds Cash funds lasi year end 9,261 32 9,293 21.5S2 C&sh funds this year end 24,725 33 24.758 9.293 Page 5
William Bindloss, Cottage Homes or Almshouse5 StAtement of Assets and Liabilities as at 31 December 2023 202) 2022 Investments At m8rk¢t value Founding investments: COIF Accumulaiion shares {215 units} Extroordinary Repair Fund: COIF Accumulation shares (418.27 units) COIF Income shares (1085.79 units) 53,320 47,450 103.731 21.548 92,312 19.734 125,279 112.046 178,599 159,496 Cash Fund5 Current ac¢tsunt General deposit Account Cyclical MaEnt¢nance Fund 13.346 11,479 33 5,301 3,960 32 24.858 9.293 C8$h thnds are split a5 follows: Designkted funds Cyclical Maintenance Fund 33 32 33 32 Unr¢5tricted fund5 24.825 9.261 24.858 9,293 Pc6
William Bindloss, Cottage Homes or Almshouses Notes to the Statement of Aecounts for the year ended 31 Deeember 2023 Note l Aecoutttiog Policies The fjnancial statements of the charity, which 15 a public benefit ¢nt51y under FRS 102. have been prepared in a¢cordan¢e with the Charities SORP {FRS 102)'A¢eouniing and Reporting by Chariiie5'. Ststement of Recommended Practi¢e applicable io ¢h81ilics preparing thcir accounts ui accordan¢e with the Financial Rew>rting Stsndar4J applicabl¢ in the UK and Republic of Ireland (FRS 1021 (effective l January 20191,. Financial Reporting Stsndard 102 The Financial Reporting Standard applicable in ihe UK and Republic of Ireland. and tlie Charities Act 2011. The financial statements have been prepared under rhe historical cost conveniion, with the exceptiott of investhne#ts which are included at matket value. The f>nanci81 statements are prepared on a going ¢oD¢em basis in sierling whi¢h is Ihe fijnctional currency of the charity and rounded to the nearest pound. As the charitys incom¢ 1$ below £250,000 the accounts have been prepared on a Receipts and Payments basis. Note 2 RelAted p8rty trnDSgetlons There were no relaied party transaciions. Pag¢ 7