CHARITY REGISTRATION NUPa8ER." 224036 John Dakyn's Almshouse Charity Unaudited Financial Statements 31 July 2023 RIS AC OUN Chartered accountants Unit 1, Borough House Business Centre, 5 Borough Road, Richmond, North Yorkshire DL10 4SX John Dakyn's Almshouse Charity Financial Statements Year ended 31 July 2023 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activities Statement of financial position Notes to the financial statements The following pages do not form part of the financial statements Detailed statement of financial activities 15 Notes to the detailed statement of financial activitses 16 John Dakyn's Almshouse Charity Truste•s' Annual Report Year ended 31 July 2023 The trustees present their report and the unaudited financial statements of the charity for the year ended 31 July 2023. Reference and adminlstratlve detalls Regl$t•red charity name Charity reglstration number Prfn¢ipal offlce John Dakyn's Almshouse Charity 224036 John Dakyn'5 Almshouse Charity Stable Cottage Whashton Richmond DL117JL The trustees Reverend A Gledhill Mr G Tumbull Mrs C Milbank Mrs S Bateman Reverend A Kirby Mrs J A Ralcliffe Mr J Connors (Appointed 12 April 20231 Independent examiner R I Crtsop FCA Unit 1, Borough House Business Centre, 5 Borough Road, Richmond, North Yorkshire DL104SX Structurgj govemance and management Governing Document The charity is govemed by its trust deed. Charities Organisab"on The charity is run by the trustees. None of these is remunerated for their services to the charity. Funds Available The present level of funding is adequate to support the contlnuation of the objects of the trust and the trustees consider its financial position satisfactory. Risk Management The trustees actrvely review the major risks, which the Charity faces on a regular basis and believe that maintaining reserves al current levels, combined wrth an annual review of controls over key financial systems, will provide sufficient resources in the event of adverse Gonditions. The trustees have also examined other operational and business risks faced by the charity and confirm that they have established systems to mitigate the significant risks. John Dakyn's Almshouse Charity Trustees. Annual Report (c¢7nllnu8d) Year ended 31 July 2023 Objectives and a¢tivities The trustees confirm that they have referred to the guidan￿ contained in the Charity Commission's general guidan￿ on public benefit when reviewing the charity's aims 8nd objectives. Strategic Aims and Objectives The provision of housing accommodation for beneficiaries, such charitable purposes for the ￿nefit of the residents as the trustess decide and the ￿lief of beneficiaries who are in need, hardship or distress. These are continuing. Achigvemonts and perfornanc& The charitable organisalion has continued to provide services to the immedlate community. These include the provision of housing accommodation. Flnanclal revlew Results for the Year The results for the year are sel out in the Statement of Financial Activities on page 5 with Ihe charity making a net surplus before other recognised gains and losses of £21,08512021.'£22,1351. Reserve Policy It is a policy of the charty to maintain unrestricted funds at a level which equates to at least 5 month$ unrestricted expenditure. This provides sufFicient fvnds lo cover management, administration and support costs. Unrestricted funds are maintsined at least at this level throughout the period. Trustees Investment Powers The Iruslees are empowered lo invest the funds of the trust subject lo the trust deed and any relevant legislation. The Iruslees, annual report was approved on 9 October 2023 and signed on behalf of the board of trustees by.. Mr G Tumbull Trustee John Dakyn's Almshouse Charity Independent Examiner's Report to the Trustees of John Dakyn's Almshouse Charity Year ended 31 July 2023 I report lo the Iruslees on my examination of the financial statements of John Dakyn's Atmshouse Charity {'the charity,) for the year ended 31 July 2023. Responsibilitles and basjs of report As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 Ilhe Acl'l. I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5llbl of the Act. Independent examinerfs statsmont I have completed my examination. I confirm that no material matters have come lo my attention in connection with the examination giving me cause to b81ieve that in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the A¢l- or the financial statements do not accord with those records,. or the financial statements do not comply wf(h the applicable requirements conceming the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue and fairf view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. R I Crisop FCA Independent Examiner Unit 1, Borough House Business Centre, 5 Borough Road, Richmond, North Yorkshire DL10 4SX 9 October 2023 John Dakyn's Almshouse Charity Statement of Financial Activities Year ended 31 July 2023 2023 Unreslrictod funds Totsl fundg Totsl fvnds 2022 Note Incomè and endowments Invesbnent income 62,175 62,175 62,175 66,022 66,022 Total Income 62,175 Expftnditur8 Expen(Jiture on charitable actNities Total expendllur• 39,583 39,583 39,583 39,583 47,761 47,761 Net {los$es)Igains on investments 11,5071 11,5071 3,874 Net In¢ome and nel movement in funds 21.085 21,085 22,135 Re¢onclliatioTr of funds Total funds brought forward Total funds carrfed forward 1,934,752 1,955,837 1,934,752 1,955,837 1,912,617 1,934,752 The ststement of financial activities includes all gain$ and losses recognised in the year. All income and expenditure derive from continuing a¢livilies. The notes on pages 6 to 13 forn) part ofthe¥g financlal gtstements. John Dakyn's Almshouse Charity Statement of Financial Position 31 July 2023 2023 2022 Flxed assets Tangible fixed assets Investments 11 12 1,759,417 132,581 1,891,998 1.759,417 133,538 1,892,955 Current assets Cash at bank and in hand 199,498 177,638 Croditols: amounts falllng due within one year Net current assets Total assets less Current liabllltles 13 30,635 30,817 146,821 2.039,776 168,863 2,060,861 Cwedltorn". amounls falling dug after more than ong year Net assets 14 105,024 1,955,837 105,024 1,934,752 Funds ofthe charity Unrestricted funds 1.955,837 1,955,837 1,934,752 1,934,752 Total charfty fund8 15 These financial statements were approved by the board of trustees and auth0ri5ed for Issue on 9 O¢lober 2023, and are signed on behalf of the board by.. Mr G Tumbull Trustee The notes on page8 6 to 13 forni part of these financial ststgments. John Dakyn's Almshouse Charity Notes to the Financial Statements Year ended 31 July 2023 General InfOrn￿tIOn The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is John Dakyn's Almshouse Charity. Stsble Cottage. Whashton, Richmond, DL117JL. Statpment of compllance These financial statements have been p￿pared in compliance vAth FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,. the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 1021) and the Charities Act 2011. Accountlng pollcle8 Basis of preparatlon The financial statements have been prepared on the historical Cost basis, as modified by the revaluation of certain financial assets and liabilities and Investment properties measured at fair value through income or expenditure. The financial statements are prepared In steding, which is the functional currency of the entity- Golng concem There a￿ no material uncertainties about the charity's ability lo continue. D18closur• exemptions {al No cash flow statement has been presented for the company. (bl Disclosures in respect of financial instruments have not been presented. Judgements and key sour¢95 of estI￿￿tIOn uncertalnty The preparation of the financial Statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believerj to be reasonable under the circumstances. Fund accounting Unrestricted funds a￿ available for use * the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular fvture project or commitment. Restricted lunds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of Iwo sub-classes.. restricted incorne funds or endowment funds. John Dakyn's Almshouse Charity Notes to the Financial Statements (C+wUnu•d) Year ended 31 July 2023 A¢countlng pollcles (contlftued) Incomlng re8ourc•s All incoming resources are included in the statement of financial actNilies when entitlement has passed to the charity., il is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entiuement is established. income from donated goods is measured at the fair value of the goods unless this is impract￿1 to measure reliabty, in which case the value is derived from the cost to the donor or the estimated resale value. Donated fa￿litIeS and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of seNices is recognised with the delivery of the contracted service. This is classified as unreslri¢led funds unless there is a conlraclual requirement for it to be spent on a particular Pltrpose and returned if unspent, in which case it may be ￿garded as restricted. Resource8 expended Expenditure is ￿CogniSed on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates.. expenditure on raising fvnds includes the costs of all fvndraising activities, events, non- charirable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further ils charitable aims for the benefit of ils beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charrtable a¢tivilies. other expenditure includes all expenditure that Is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable lo a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable. justifiable and consislenl basis. Tangible assets Tangible assets are initially recorded at cost, and subsequenuy staled at cost less any accumulated depreciation and impaimient losses. Any tangible assets cartted al revalued amounts are recorded at the fair value at the date of revaluation less any subsequent awumulated depreciation and subsequent accumulated impaimienl losses. John Dakyn's Almshouse Charity Notes to the Financial Statements (eontsnued) Year ended 31 July 2023 Accountlng pollcies (contlftu•d) Tangible assets (¢ontiTrued) An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses. unless il reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decreage in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except lo which il offsets any previous revaluation gain, In which case the loss is shown within other recognised gains and losses on the statement of financial activitres. Investments Unlisted equity investments a￿ initially re¢orded * ¢ost. and subSequen￿Y measured at fair value. If fair value cannot be reliably measured. assets a￿ measured at cost less impairment. Listed investments are measured at fair value with Changes in fair value being recognised in income or expenditure. Investments In associates Investments in associates 8ceounled for in accordance with the Cost model are retorded al cost less any accumulated impaimienl losses. Investments in associates accounted for in accordance with the fair value model are initially recorded al the transaction price. Al each reporting date, the investments are measured at fair value, wlh changes in fair value taken through income or expenditure. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions re￿Ned from the investment are recognised as income without regard to whether the distributions are from accumulated proffts of the associate arising before or after the date of acquisthon. Investments in lolnl vontures Inveslments in Sointly cOntrol￿d entities accounted for in ac¢ordance wrth the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled ents'ties accounted for in a¢cordance with the fair value Model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value. wth changes in fair value laken through income or expenditure. Where it is impracticable to measure fair value reliably wthout undue cost or effort, the Cost model will be adopted. Dividends and other distributions received from the invoslment are recognised as income without regard lo whether the distribub'ons are from accumulated profits of the joint venture arising before or after the date of 8CqUlSltion. lrnpairnient of fixed asset8 A review for indicators of impairment 1$ carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value eX￿ed$ the recoverable amount. the asset is impaired accordingly. Prior impairments are also ￿vieWed for possible reversal at each reporting date. John Dakyn's Almshouse Charity Notes to the Financial Statements l¢ontsnue(Q Year ended 31 July 2023 Ac¢ountlng poli¢le8 (continued) Impaimient of flxod assets f¢ontlftued) For the purposes of impairment testing, when it is not sy)ssible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash- generating unit to which the asset belongs. The cash-generating unrt is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairmerit testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generaling units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilib.es of the charty are assigned to those units. Flnancial Instruments A financial asset or a financial liabllity is recognised only when the ¢harity becomes a party to the conlraclual provisions of the instrument. Basic financial Instruments are inib'alty recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequentty measured at th8 cash or other consideration expect&Y lo be paid or re￿iVed and not discounted. Debt instruments are subsequently measured at amortised ¢osl. Where investmen15 in shares a￿ publicly traded or their fair value ¢an otherMse be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impaimient. Other financial instruments, including derivatives, are inrtially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed 81 a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments dlscounled at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any ¢hanges recognised in the statement of financial activib'es, with the exceptson of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there 15 objective evidence of impairment, an impairment Ioss 15 recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of sKJnificance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impaimient are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that eX￿edS vthat the carrying amount would have been had the impairment not previously been recognised. John Dakyn's Almshouse Charity Notes to the Financial Statements (conllnued) Year ended 31 July 2023 Invostment Ineome Unrestricted Total Funds Unr8slricted Totsl Funds Funds 2023 Funds 2022 Rents and wayleaves Dividends Bank account interest 55,970 3.273 2,932 82,175 55,970 3,273 2,932 62,795 3,061 166 62.795 3,061 166 62,175 66,022 66,022 Expendlture on charitsble activities by fund type Unrestricted Total Funds Unrestricted Totsl Funds Funds 2023 Funds 2022 Charitable activity Support costs 11,752 27,831 39,583 11,752 27,831 39,583 11.857 35,904 11,857 35,904 47.761 47,761 Expendlture on charitable a¢tivitle8 by activlty typ• Activities undertaken directty Support costs Totsl funds 2023 Tot81 fund 2022 Charitable activity Governance costs 11,752 11,752 27,831 39,583 11,857 35,904 47,761 27,831 11,752 27,831 Net {losses}Igains on Investments Unrestricted Totsl Fund8 Unrestricted Total Funds Funds 2023 Funds 2022 Gainslllossesl on listed investments 11,507) {1,507) 3,874 3.874 Independent examination fees 2023 2022 Fees payable to the independent examiner for.. Independent examination of the financial statements 648 648 Stsff c08ts The average head count of employees during the year was Nil12022'. Nill. No employee recetved employee benefits of more than £60,000 during the year {2022.' Nil). 10 John Dakyn's Almshouse Charity Notes to the Financial Statements fcontlnuedj Year ended 31 July 2023 10. Twsteg remunèrallon and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the charity. 11. Tanglble f5xed assets Freehold property Cost At 1 August 2022 and 31 July 2023 Depreciation At 1 August 2022 and 31 Juty 2023 Carrylng amount At 31 July 2023 At 31 July 2022 1,759.417 1,759,417 1,759,417 12. Inv8slrnents Llsted investments Cost or valuation Al 1 August 2022 Addits'ons Other movements 133,538 550 11,5071 132,581 At 31 July 2023 ImpaimieTrt At 1 August 2022 and 31 July 2023 Canying amount At 31 July 2023 At 31 July 2022 132,581 133,538 All investrnents shown above are held at valuation. Financial assets htrld at falr valuo The land and propety comprising the invetment properties were valued at £1,753,000 on the 19th December 2016 by Mr Dav6d Cooper BS¢ IHons) MRICS ofGSC Grays on an open market value ba51S. 11 John Dakyn's Almshouse Charity Notes to the Financial Statements l¢oniinu8d) Year ended 31 July 2023 13. Creditors: amounts falllng due withln one yfrar 2023 2022 Bank loans and overdrafts Accruals and deferred income Other creditors 2,592 500 27,543 30,635 1,615 500 28,702 30,817 14. Credltors: amounts falllng duo after more than ono year 2023 2022 Bank loans and overdrafts 105,024 105,024 15. Analysls of charitsble funds UnTgStrlcted funds At 1 August 202 Galns and At losses 31 July 2023 Income Expenditur8 General funds UnrestriGted fund 775,092 1,159,660 1,934,752 62,175 139.583} {1,5071 796,177 1,159,660 11,5071 1,955,837 62,175 139,5831 Al 1 August 202 Gains and At losses 31 July 2022 Income Expenditure General ftjnds Unreslricled fund 752,957 1,159,660 66.022 147,7611 3,874 775,092 1,159.660 1,934.752 1,912.617 66,022 147,761) 3,874 12 John Dakyn's Almshouse Charity Notes to the Financial Ststements (eontlnuod) Year ended 31 July 2023 16. Analys1$ of net assets botween funds Unrestricted Total Funds Funds 2023 Intangible assets Tangible fixed assets Current assets Creditors less than 1 year Creditors greater than 1 year Net assets 132,581 1,759,417 199,498 130,6351 {105,0241 1,955,837 132,581 1,759,417 199,498 130,635} 1105,0241 1,955,837 Unrestricted Totsl Funds Funds 2022 Intangible assets Tangible fixed assets Current assets Creditors less than 1 year Creditors greater than 1 year Net assets 133,538 1,759,417 177,638 {30,8171 1105,0241 1,934,752 133,538 1,759,417 177,638 130,817) 1105,024) 1,934,752 13 John Dakyn's Almshouse Charity Management Inforniatlon Year ended 31 July 2023 The followlng pages do not forni part of the flnanclal ststoments. 14 John Dakyn's Almshouse ChaTity Income and expendlture account for the year ended 31 July 2023 2023 2022 General Revenue Account Income Rent and wayleavès Dividends Bank account interest 40.009 3.273 2,932 46,536 3,C61 166 Total 8r055 incomè 46,214 49,763 Less.. Insurance Repairs and renewals 737 5,094 661 5,472 -5,831 -6,133 Admlnlstration Accountancv Clerk'slwardefts expenses Legal fee5 Postage, stationery and adverrlsing Subscriptions and licence Sundry expenses Telephone 3,300 765 95 196 2,4 4,205 257 187 iio 252 124 -5,128 -8.059 Balance being excess of income over expendlture for the year 35,255 35,571 Transferred as follows: John Dakyn's Educatlonal Charity Charity account 11,752 23,503 11,857 23,714 35,255 35,571 15 John Dakyn's Almshouse Charity Income and expendlturg a¢￿Unt for thè year ended 31 July 2023 2023 2022 Charlty account Income Share of net income for the year Rents 23,503 15,961 23,714 16,259 39.464 39,973 Less: Almshouses Central heating Bas Elettricity Insurance Rates and water Repalrs and renewals Sundry expenses 3,255 143 3,828 1,948 7,675 23 2,790 1,520 3,434 3,329 6,705 -16,872 -17,838 22,592 22,135 16 CHARITY REGISTRATION NUPa8ER." 224036 John Dakyn's Almshouse Charity Unaudited Financial Statements 31 July 2023 RIS AC OUN Chartered accountants Unit 1, Borough House Business Centre, 5 Borough Road, Richmond, North Yorkshire DL10 4SX John Dakyn's Almshouse Charity Financial Statements Year ended 31 July 2023 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activities Statement of financial position Notes to the financial statements The following pages do not form part of the financial statements Detailed statement of financial activities 15 Notes to the detailed statement of financial activitses 16 John Dakyn's Almshouse Charity Truste•s' Annual Report Year ended 31 July 2023 The trustees present their report and the unaudited financial statements of the charity for the year ended 31 July 2023. Reference and adminlstratlve detalls Regl$t•red charity name Charity reglstration number Prfn¢ipal offlce John Dakyn's Almshouse Charity 224036 John Dakyn'5 Almshouse Charity Stable Cottage Whashton Richmond DL117JL The trustees Reverend A Gledhill Mr G Tumbull Mrs C Milbank Mrs S Bateman Reverend A Kirby Mrs J A Ralcliffe Mr J Connors (Appointed 12 April 20231 Independent examiner R I Crtsop FCA Unit 1, Borough House Business Centre, 5 Borough Road, Richmond, North Yorkshire DL104SX Structurgj govemance and management Governing Document The charity is govemed by its trust deed. Charities Organisab"on The charity is run by the trustees. None of these is remunerated for their services to the charity. Funds Available The present level of funding is adequate to support the contlnuation of the objects of the trust and the trustees consider its financial position satisfactory. Risk Management The trustees actrvely review the major risks, which the Charity faces on a regular basis and believe that maintaining reserves al current levels, combined wrth an annual review of controls over key financial systems, will provide sufficient resources in the event of adverse Gonditions. The trustees have also examined other operational and business risks faced by the charity and confirm that they have established systems to mitigate the significant risks. John Dakyn's Almshouse Charity Trustees. Annual Report (c¢7nllnu8d) Year ended 31 July 2023 Objectives and a¢tivities The trustees confirm that they have referred to the guidan￿ contained in the Charity Commission's general guidan￿ on public benefit when reviewing the charity's aims 8nd objectives. Strategic Aims and Objectives The provision of housing accommodation for beneficiaries, such charitable purposes for the ￿nefit of the residents as the trustess decide and the ￿lief of beneficiaries who are in need, hardship or distress. These are continuing. Achigvemonts and perfornanc& The charitable organisalion has continued to provide services to the immedlate community. These include the provision of housing accommodation. Flnanclal revlew Results for the Year The results for the year are sel out in the Statement of Financial Activities on page 5 with Ihe charity making a net surplus before other recognised gains and losses of £21,08512021.'£22,1351. Reserve Policy It is a policy of the charty to maintain unrestricted funds at a level which equates to at least 5 month$ unrestricted expenditure. This provides sufFicient fvnds lo cover management, administration and support costs. Unrestricted funds are maintsined at least at this level throughout the period. Trustees Investment Powers The Iruslees are empowered lo invest the funds of the trust subject lo the trust deed and any relevant legislation. The Iruslees, annual report was approved on 9 October 2023 and signed on behalf of the board of trustees by.. Mr G Tumbull Trustee John Dakyn's Almshouse Charity Independent Examiner's Report to the Trustees of John Dakyn's Almshouse Charity Year ended 31 July 2023 I report lo the Iruslees on my examination of the financial statements of John Dakyn's Atmshouse Charity {'the charity,) for the year ended 31 July 2023. Responsibilitles and basjs of report As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 Ilhe Acl'l. I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5llbl of the Act. Independent examinerfs statsmont I have completed my examination. I confirm that no material matters have come lo my attention in connection with the examination giving me cause to b81ieve that in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the A¢l- or the financial statements do not accord with those records,. or the financial statements do not comply wf(h the applicable requirements conceming the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue and fairf view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. R I Crisop FCA Independent Examiner Unit 1, Borough House Business Centre, 5 Borough Road, Richmond, North Yorkshire DL10 4SX 9 October 2023 John Dakyn's Almshouse Charity Statement of Financial Activities Year ended 31 July 2023 2023 Unreslrictod funds Totsl fundg Totsl fvnds 2022 Note Incomè and endowments Invesbnent income 62,175 62,175 62,175 66,022 66,022 Total Income 62,175 Expftnditur8 Expen(Jiture on charitable actNities Total expendllur• 39,583 39,583 39,583 39,583 47,761 47,761 Net {los$es)Igains on investments 11,5071 11,5071 3,874 Net In¢ome and nel movement in funds 21.085 21,085 22,135 Re¢onclliatioTr of funds Total funds brought forward Total funds carrfed forward 1,934,752 1,955,837 1,934,752 1,955,837 1,912,617 1,934,752 The ststement of financial activities includes all gain$ and losses recognised in the year. All income and expenditure derive from continuing a¢livilies. The notes on pages 6 to 13 forn) part ofthe¥g financlal gtstements. John Dakyn's Almshouse Charity Statement of Financial Position 31 July 2023 2023 2022 Flxed assets Tangible fixed assets Investments 11 12 1,759,417 132,581 1,891,998 1.759,417 133,538 1,892,955 Current assets Cash at bank and in hand 199,498 177,638 Croditols: amounts falllng due within one year Net current assets Total assets less Current liabllltles 13 30,635 30,817 146,821 2.039,776 168,863 2,060,861 Cwedltorn". amounls falling dug after more than ong year Net assets 14 105,024 1,955,837 105,024 1,934,752 Funds ofthe charity Unrestricted funds 1.955,837 1,955,837 1,934,752 1,934,752 Total charfty fund8 15 These financial statements were approved by the board of trustees and auth0ri5ed for Issue on 9 O¢lober 2023, and are signed on behalf of the board by.. Mr G Tumbull Trustee The notes on page8 6 to 13 forni part of these financial ststgments. John Dakyn's Almshouse Charity Notes to the Financial Statements Year ended 31 July 2023 General InfOrn￿tIOn The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is John Dakyn's Almshouse Charity. Stsble Cottage. Whashton, Richmond, DL117JL. Statpment of compllance These financial statements have been p￿pared in compliance vAth FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,. the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 1021) and the Charities Act 2011. Accountlng pollcle8 Basis of preparatlon The financial statements have been prepared on the historical Cost basis, as modified by the revaluation of certain financial assets and liabilities and Investment properties measured at fair value through income or expenditure. The financial statements are prepared In steding, which is the functional currency of the entity- Golng concem There a￿ no material uncertainties about the charity's ability lo continue. D18closur• exemptions {al No cash flow statement has been presented for the company. (bl Disclosures in respect of financial instruments have not been presented. Judgements and key sour¢95 of estI￿￿tIOn uncertalnty The preparation of the financial Statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believerj to be reasonable under the circumstances. Fund accounting Unrestricted funds a￿ available for use * the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular fvture project or commitment. Restricted lunds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of Iwo sub-classes.. restricted incorne funds or endowment funds. John Dakyn's Almshouse Charity Notes to the Financial Statements (C+wUnu•d) Year ended 31 July 2023 A¢countlng pollcles (contlftued) Incomlng re8ourc•s All incoming resources are included in the statement of financial actNilies when entitlement has passed to the charity., il is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entiuement is established. income from donated goods is measured at the fair value of the goods unless this is impract￿1 to measure reliabty, in which case the value is derived from the cost to the donor or the estimated resale value. Donated fa￿litIeS and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of seNices is recognised with the delivery of the contracted service. This is classified as unreslri¢led funds unless there is a conlraclual requirement for it to be spent on a particular Pltrpose and returned if unspent, in which case it may be ￿garded as restricted. Resource8 expended Expenditure is ￿CogniSed on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates.. expenditure on raising fvnds includes the costs of all fvndraising activities, events, non- charirable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further ils charitable aims for the benefit of ils beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charrtable a¢tivilies. other expenditure includes all expenditure that Is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable lo a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable. justifiable and consislenl basis. Tangible assets Tangible assets are initially recorded at cost, and subsequenuy staled at cost less any accumulated depreciation and impaimient losses. Any tangible assets cartted al revalued amounts are recorded at the fair value at the date of revaluation less any subsequent awumulated depreciation and subsequent accumulated impaimienl losses. John Dakyn's Almshouse Charity Notes to the Financial Statements (eontsnued) Year ended 31 July 2023 Accountlng pollcies (contlftu•d) Tangible assets (¢ontiTrued) An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses. unless il reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decreage in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except lo which il offsets any previous revaluation gain, In which case the loss is shown within other recognised gains and losses on the statement of financial activitres. Investments Unlisted equity investments a￿ initially re¢orded * ¢ost. and subSequen￿Y measured at fair value. If fair value cannot be reliably measured. assets a￿ measured at cost less impairment. Listed investments are measured at fair value with Changes in fair value being recognised in income or expenditure. Investments In associates Investments in associates 8ceounled for in accordance with the Cost model are retorded al cost less any accumulated impaimienl losses. Investments in associates accounted for in accordance with the fair value model are initially recorded al the transaction price. Al each reporting date, the investments are measured at fair value, wlh changes in fair value taken through income or expenditure. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions re￿Ned from the investment are recognised as income without regard to whether the distributions are from accumulated proffts of the associate arising before or after the date of acquisthon. Investments in lolnl vontures Inveslments in Sointly cOntrol￿d entities accounted for in ac¢ordance wrth the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled ents'ties accounted for in a¢cordance with the fair value Model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value. wth changes in fair value laken through income or expenditure. Where it is impracticable to measure fair value reliably wthout undue cost or effort, the Cost model will be adopted. Dividends and other distributions received from the invoslment are recognised as income without regard lo whether the distribub'ons are from accumulated profits of the joint venture arising before or after the date of 8CqUlSltion. lrnpairnient of fixed asset8 A review for indicators of impairment 1$ carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value eX￿ed$ the recoverable amount. the asset is impaired accordingly. Prior impairments are also ￿vieWed for possible reversal at each reporting date. John Dakyn's Almshouse Charity Notes to the Financial Statements l¢ontsnue(Q Year ended 31 July 2023 Ac¢ountlng poli¢le8 (continued) Impaimient of flxod assets f¢ontlftued) For the purposes of impairment testing, when it is not sy)ssible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash- generating unit to which the asset belongs. The cash-generating unrt is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairmerit testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generaling units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilib.es of the charty are assigned to those units. Flnancial Instruments A financial asset or a financial liabllity is recognised only when the ¢harity becomes a party to the conlraclual provisions of the instrument. Basic financial Instruments are inib'alty recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequentty measured at th8 cash or other consideration expect&Y lo be paid or re￿iVed and not discounted. Debt instruments are subsequently measured at amortised ¢osl. Where investmen15 in shares a￿ publicly traded or their fair value ¢an otherMse be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impaimient. Other financial instruments, including derivatives, are inrtially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed 81 a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments dlscounled at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any ¢hanges recognised in the statement of financial activib'es, with the exceptson of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there 15 objective evidence of impairment, an impairment Ioss 15 recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of sKJnificance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impaimient are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that eX￿edS vthat the carrying amount would have been had the impairment not previously been recognised. John Dakyn's Almshouse Charity Notes to the Financial Statements (conllnued) Year ended 31 July 2023 Invostment Ineome Unrestricted Total Funds Unr8slricted Totsl Funds Funds 2023 Funds 2022 Rents and wayleaves Dividends Bank account interest 55,970 3.273 2,932 82,175 55,970 3,273 2,932 62,795 3,061 166 62.795 3,061 166 62,175 66,022 66,022 Expendlture on charitsble activities by fund type Unrestricted Total Funds Unrestricted Totsl Funds Funds 2023 Funds 2022 Charitable activity Support costs 11,752 27,831 39,583 11,752 27,831 39,583 11.857 35,904 11,857 35,904 47.761 47,761 Expendlture on charitable a¢tivitle8 by activlty typ• Activities undertaken directty Support costs Totsl funds 2023 Tot81 fund 2022 Charitable activity Governance costs 11,752 11,752 27,831 39,583 11,857 35,904 47,761 27,831 11,752 27,831 Net {losses}Igains on Investments Unrestricted Totsl Fund8 Unrestricted Total Funds Funds 2023 Funds 2022 Gainslllossesl on listed investments 11,507) {1,507) 3,874 3.874 Independent examination fees 2023 2022 Fees payable to the independent examiner for.. Independent examination of the financial statements 648 648 Stsff c08ts The average head count of employees during the year was Nil12022'. Nill. No employee recetved employee benefits of more than £60,000 during the year {2022.' Nil). 10 John Dakyn's Almshouse Charity Notes to the Financial Statements fcontlnuedj Year ended 31 July 2023 10. Twsteg remunèrallon and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the charity. 11. Tanglble f5xed assets Freehold property Cost At 1 August 2022 and 31 July 2023 Depreciation At 1 August 2022 and 31 Juty 2023 Carrylng amount At 31 July 2023 At 31 July 2022 1,759.417 1,759,417 1,759,417 12. Inv8slrnents Llsted investments Cost or valuation Al 1 August 2022 Addits'ons Other movements 133,538 550 11,5071 132,581 At 31 July 2023 ImpaimieTrt At 1 August 2022 and 31 July 2023 Canying amount At 31 July 2023 At 31 July 2022 132,581 133,538 All investrnents shown above are held at valuation. Financial assets htrld at falr valuo The land and propety comprising the invetment properties were valued at £1,753,000 on the 19th December 2016 by Mr Dav6d Cooper BS¢ IHons) MRICS ofGSC Grays on an open market value ba51S. 11 John Dakyn's Almshouse Charity Notes to the Financial Statements l¢oniinu8d) Year ended 31 July 2023 13. Creditors: amounts falllng due withln one yfrar 2023 2022 Bank loans and overdrafts Accruals and deferred income Other creditors 2,592 500 27,543 30,635 1,615 500 28,702 30,817 14. Credltors: amounts falllng duo after more than ono year 2023 2022 Bank loans and overdrafts 105,024 105,024 15. Analysls of charitsble funds UnTgStrlcted funds At 1 August 202 Galns and At losses 31 July 2023 Income Expenditur8 General funds UnrestriGted fund 775,092 1,159,660 1,934,752 62,175 139.583} {1,5071 796,177 1,159,660 11,5071 1,955,837 62,175 139,5831 Al 1 August 202 Gains and At losses 31 July 2022 Income Expenditure General ftjnds Unreslricled fund 752,957 1,159,660 66.022 147,7611 3,874 775,092 1,159.660 1,934.752 1,912.617 66,022 147,761) 3,874 12 John Dakyn's Almshouse Charity Notes to the Financial Ststements (eontlnuod) Year ended 31 July 2023 16. Analys1$ of net assets botween funds Unrestricted Total Funds Funds 2023 Intangible assets Tangible fixed assets Current assets Creditors less than 1 year Creditors greater than 1 year Net assets 132,581 1,759,417 199,498 130,6351 {105,0241 1,955,837 132,581 1,759,417 199,498 130,635} 1105,0241 1,955,837 Unrestricted Totsl Funds Funds 2022 Intangible assets Tangible fixed assets Current assets Creditors less than 1 year Creditors greater than 1 year Net assets 133,538 1,759,417 177,638 {30,8171 1105,0241 1,934,752 133,538 1,759,417 177,638 130,817) 1105,024) 1,934,752 13 John Dakyn's Almshouse Charity Management Inforniatlon Year ended 31 July 2023 The followlng pages do not forni part of the flnanclal ststoments. 14 John Dakyn's Almshouse ChaTity Income and expendlture account for the year ended 31 July 2023 2023 2022 General Revenue Account Income Rent and wayleavès Dividends Bank account interest 40.009 3.273 2,932 46,536 3,C61 166 Total 8r055 incomè 46,214 49,763 Less.. Insurance Repairs and renewals 737 5,094 661 5,472 -5,831 -6,133 Admlnlstration Accountancv Clerk'slwardefts expenses Legal fee5 Postage, stationery and adverrlsing Subscriptions and licence Sundry expenses Telephone 3,300 765 95 196 2,4 4,205 257 187 iio 252 124 -5,128 -8.059 Balance being excess of income over expendlture for the year 35,255 35,571 Transferred as follows: John Dakyn's Educatlonal Charity Charity account 11,752 23,503 11,857 23,714 35,255 35,571 15 John Dakyn's Almshouse Charity Income and expendlturg a¢￿Unt for thè year ended 31 July 2023 2023 2022 Charlty account Income Share of net income for the year Rents 23,503 15,961 23,714 16,259 39.464 39,973 Less: Almshouses Central heating Bas Elettricity Insurance Rates and water Repalrs and renewals Sundry expenses 3,255 143 3,828 1,948 7,675 23 2,790 1,520 3,434 3,329 6,705 -16,872 -17,838 22,592 22,135 16 ## **John Dakyn’s Almshouse Charity MINUTES OF THE MEETING OF TRUSTEES held on Wednesday 24[th] October 2023 in the Common Room, Dakyn House** |Gordon Turnbull|Co-opted Trustee|Present| |---|---|---| |Susannah Bateman|Co-opted Trustee|| |Reverend Alan Gledhill|Co-opted Trustee|
Present| |Reverend Antony Kirby|Ex-officio Trustee|
Present| |Clarissa Milbank|Co-opted Trustee|
Present| |Jane Ratcliffe|Co-opted Trustee|Present| |Sean Connors|Ex-Officio Trustee|Present| |Stephen Hargreaves|Ex-Officio Trustee|Present| |Kathryn Stanwix|Clerk|Present| ## **Ian Crisop presented the accounts which were satisfactory and signed as a true record by GT.** ## **1. Apologies** Apologies were received from SB ## **2. Minutes** The Minutes of the meeting held on 29[th] August 2023 were approved and signed. The minutes of the Special Meeting relating to Trustees were signed as a true record. ## **3. Matters Arising** **It was reported to the Trustees that the resident in Flat 2 had sadly passed away on Sunday evening.** **A letter of condolence and card to be sent to the family.** **Action:KS(Clerk)** - a) JR was proposed by CM and seconded by SC to replace GT as Chair of the Trustees from Jan 1[st] 2024. This was agreed by the meeting. Hand over meeting to be arranged. **Action: GT JR KS(Clerk)** AG was proposed as Vice Chair by GT and seconded by CM. This was agreed by the meeting. b) A discussion took place for possible options for the Co-Opted Trustee to replace GT. c) All remaining signatures were recorded on the certificates and in the Register of Trustees Book. John Dakyn’s Almshouse Charity Minutes 24/10/2023 (3 pages) ## **4. Dakyn House and Cottage** _**a)** Warden’s Report -_ Stephen Hargreaves’ report was received (filed with these Minutes). - The warden’s report was received by the Trustees. - A separate report about the illness of WD was received from SH - A report was given by SH on possible works and the spread sheet is to be circulated to Trustees by email for information. **Action: SH** . ## **5. Land** - a) The Hollies lease is still ongoing, MF is to be served Notice to Quit by GSC Grays for nonsigning of documents he has had or several months. The notice will take effect after twelve months of being served. It is hoped that the documents will be signed correctly by the family and their tenure will then be able to continue. - b) Mrs Julie Walker would like to continue the tenancy. This was agreed by the Trustees and an agreement will be drawn up. **ACTION: GT KS (JR)** ## **6. Property** - The cost of moving the meter at Sleegill was discussed, this was agreed in the sale terms and needs to be completed. The costs may be around £8000, this was agreed by the Trustees. **Action : KS (Clerk)** ## _**7. Finance**_ a) Financial Report –this was accepted. b) SC and KS had begun the process of completing the forms for the Co-Operative Bank and became aware that the process would go more smoothly if the mandates could transfer directly to the new bank. The meeting agreed that the mandates and address changes need to be correct and up to date with the Nat West Bank before the Switching can take place. c) The mandate will change from GT to JR with immediate effect once the bank is notified. d) KS CM and SB will also have a mandate and two signatures from 4 will be required. e) The whole account will then be transferred to the Co-Operative Bank subject to their approval. This is to facilitate Internet Banking which is not currently available from Nat West. **ACTION: KS (Clerk) SC JR CM** John Dakyn’s Almshouse Charity Minutes 24/10/2023 (3 pages) ## 8. **Any Other Business** JDEC information to be posted where necessary to Trustees prior to the meeting. **Action :KS Clerk** ## **9. NEXT MEETING** The next meeting will be held at _**5.30 pm**_ on _**Tuesday, 21[st] November 2023 in the Dakyn Hall. The JDEC meeting will proceed the JDAC meeting.**_ As there was no further business, the meeting closed at 7.00 pm John Dakyn’s Almshouse Charity Minutes 24/10/2023 (3 pages)