PONTEFRACT AND ACKWORTH ALMSHOUSE CHARITY 223334 COMMENTS ON ACCOUNTS FOR YEAR TO 31[ST] DECEMBER 2020
This Year has been a very difficult one, dominated by the Coronavirus which has meant that many events such as Summer Outings, Christmas Lunch, Speaker Meetings and Library afternoons have not taken place. It has also led to the postponement of plans to renovate the Robsons Almshouses expected to cost £40,000 but a decision has to be made in due course on the offer from the Carters of approx.. £40,000 for the Sowgate Lane tenancy land. Andrea and John have been busy dealing with renovations and improvements to properties vacated by the sad deaths of Walter Griffiths, Jack and Vera Taylor, Sheila Jarratt, and Christine Morton towards the end of the year. As Trustee Meetings have not been allowed under ‘lockdown’ it has not been possible to conduct interviews for replacements and, as a consequence, we now have 4 vacancies. On the financial side, however, we have seen an improved position mainly because the sale of the Lady Close Purston Land was completed in November for a net £58,970 [£60,000 less legal costs] a profit of £52,570 on the Balance Sheet valuation of £6,400.
INCOME
Almshouse contributions have held up well at £35,098 just some £150 below 2019.
Rented Properties at Micklegate have done very well [at £9,537 as against £5,856 last year] thanks to the rent received on 34, Micklegate from Logic , and with repairs/ expenses on all 3 properties down from £9,154 to £2,449 we see a contribution to income of £7,088 as against a loss of £3298 in 2019.
DIVIDENDS have held steady at the 2019 levels. With the £60,000 we invested in the Building Fund Income account in Mid November we should see further increases in Dividends in 2021 should Markets at least remain stable.
EXPENDITURE
It will be seen that both sectors of Expenditure on properties have reduced from 2019 figures with the exception of Carelink where the almshouses cover increased by £595 to £6925 through additional property covered and slight unit increases. Details of the expenditure and renovations on properties are shown on the Repairs sheet.
Other Expenditure shows the increases in Honorariums and the large investment of £60,000 [Copley Sale] in C.O.I.F Building Fund Units.
We see a surplus of some £9159 of Income / Expenditure for the Year 2020.
INVESTMENTS
As shown on the comparison sheet, Investments have increased by some £185,169 [£60,000 from Copley Sale less Balance Sheet valn. of £6,400] and add on the surplus of Income of £9159 we see Total Assets of £2,943,923 some £187,928 increase on 2019.
In the circumstances this is an excellent result but, despite progress being made, it would seem likely that the pandemic will be with us in some form for much of this year and we may find difficulties in filling all the vacancies in the prevailing restrictions.
Ron Firth [Hon Treasurer] 18[th] January 2021
CHARITY REGISTRATION NO 223334 Analysis of Repairs/Renovations/Maintenance for 2020
| £ | £ | |
|---|---|---|
| ALMSHOUSES | Repairs etc | Inc Gas |
| Ryders [12 Bungalows] | 20,537.36 | 1963.08 |
| Thwaites [4 Bungalows] | 2,099.99 | 700.00 |
| Wards [4 Bungalows] | 1,119.58 | 700.00 |
| Robsons [4 bungalows] | 1,660.00 | 700.00 |
| Micklegate [3 Bungalows] | 1,143.36 | 525.00 |
| John Mercer [2 Bungalow | 732.47 | 237.50 |
| TOTALS | 27,292.76 | 4825.58 |
| PROPERTIES | ||
| Micklegate [3 Properties] | 2,090.71 | 525.00 |
| TOTALS | 2,090.71 | |
| MISCELLANEOUS | XMAS LUNCH | |
| Magazines | 66.50 | Dep Kings Croft |
| Cameras | 662.35 | Morrisons |
| Interim Gas/Electric | 59.10 | |
| Fire Extinguisher | 258.63 | |
| Bank Chaps Charge | 25.00 | |
| ICO Subs | 35.00 | TOTAL |
| SUMMER OUTING |
TOTAL
1,106.58
0 [including Gas servicing]
| 0 [including Gas servicing] | ||
|---|---|---|
| £ | £ | |
| Inc/Structure | TOTAL | |
| Kitch £2730,[7], Bath, Lounge £5423 [8] Update £3272 [2] | 20,537.36 | |
| Garden clearance £380 | 2,099.99 | |
| 1,119.58 | ||
| Survey for repairs £900 | 1,660.00 | |
| Blocked Drains £321.60 | 1,143.36 | |
| New Cooker £430 | 732.47 | |
| 0.00 | 27,292.76 | |
| Carpet £550,Garden clearance £380 | 2,090.71 | |
| 2,090.71 | ||
| Cancelled | MEETING ROOM | |
| 50.00 | Carpet | 795.00 |
| 405.00 | Npower | 404.89 |
| Boombox | 24.99 | |
| Cleaner | 60.00 | |
| Cameras | ||
| 455.00 | Fencing | |
| GS AND EVENTS | TOTAL | 1284.88 |
| No Events |
I report on the Accounts of the Pontefract and Ackworth Almshwses Chariti forthe year ended 31 December 2020 whKh a set on attached pages. nbilItieS of Trustee and Examiner As the Chari$ trustees you are responsible forthe preparation of the Accounts: and you consider that the audit qUIrent of Section 43121 of the Charitie5 P£i 1993 (the Attl does not apply. It is my responsitH'lity to State, on the basis ol pedureS specif*d in the General Dirertions gNen by the Charity Commissioners under Section 43 Ibl of the Act, whether particulaf rnatters ha¥e come to mv attention. sis of Inde rthnt Exarninerfs Re rt My examination was Carrd out in acccydance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparlson of the Accounts presented with those records. It also includes consideration of any unusual items or disclosures In Accounts and Seeki explanations from you aslrustees corKernin8 any such matters. pre undertaken provide all the evidence that would be required in an audit and consequently I do not express an audil opinion on the view 8i¥en the Accounts. Inde en nt In connection with my examination. matter has come to my attention:. which 8ives me reasonable Cause to belleve that In any material reSIrt the requirements to keep accountir% fecrxds In accordance with Sertion 41 of the kt: and to prepare accounts which accml with the accounti records and to comply with accountlng reouirement of the Art have not been met,. or to which, in my opinion. attention shoukl be dra¥m in order to enable a woper understandin8 of the Accounts to be reached. J & D Accountsncy ServKes 11 Northleigh East Haidwick Pontefrort West Yorkshi WF8 3DR SK8ned Date: I February 2021