Charity Registration No. 224207
THE EVANS CHARITY
TRUSTEES' REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021
THE EVANS CHARITY
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | Dr J P McCollum (Co-optative) |
|---|---|
| Mr C A E Braithwaite (Co-optative) | |
| Mrs V Allgood (Nominative) | |
| Mrs H Benson (Co-optative) | |
| Mr N A Ridley (Co-optative) | |
| Rev S A Lunn ( Co-optative) | |
| Mr R Gibson ( Co-optative) | |
| Charity number | 224207 |
| Principal address | Mr N A Ridley |
| Park End | |
| Simonburn | |
| Hexham | |
| Northumberland | |
| NE48 3AA | |
| Independent examiner | K Scott FCA |
| Bassett Herron | |
| Mallan House | |
| Bridge End | |
| Hexham | |
| Northumberland | |
| NE46 4DQ | |
| Bankers | Lloyds Bank Plc |
| Priestpopple | |
| Hexham | |
| Northumberland | |
| NE46 1PA | |
| Solicitors | Nicholson Portnell |
| Priestpopple House | |
| Hexham | |
| Northumberland | |
| NE46 1PL | |
| Property advisors | Land Factor |
| Bywell Estate Office | |
| Stocksfield | |
| Northumberland | |
| NE43 7AQ |
THE EVANS CHARITY
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Statement of trustees' responsibilities | 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the accounts | 7 - 12 |
THE EVANS CHARITY
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2021
The trustees present their report and accounts for the year ended 31 December 2021.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's deed of conveyance, the Charities Act 2011 and the Charities SORP (FRS 102).
Structure, governance and management
The Evans Charity is constituted under a deed of conveyance dated 15 June 1863 which conveyance was registered under the Charities Act 1960 on 21 June 1978.
The trustees who served during the year were: Dr J P McCollum (Co-optative) Mr C A E Braithwaite (Co-optative) Mrs V Allgood (Nominative) Mrs H Benson (Co-optative) Mr N A Ridley (Co-optative) Ms K Francis (Nominative) (Resigned 17 November 2021) Rev S A Lunn ( Co-optative) (Appointed 17 November 2021) Mr R Gibson ( Co-optative) (Appointed 17 November 2021)
The Trust Deed appoints as ex-officio trustee the Rector of the Ecclesiastical Benefica of Humshaugh with Simonburn and Wark.
Two nominative trustees are appointed, one by the Parish Council of Humshaugh and one by the Parish Council of Simonburn.
Co-optative trustees are appointed for a term of five years but may be reappointed.
Potental future trustees are sought who are of good character and standing and long established residents in the charity's geographical area, with knowledge of the changing needs of each area of population.
New trustees receive an induction course on the charity's assets and objects and all trustees keep up to date with changes in charity law through the charity's accountants.
The trust's assets are administered by the chairman who reports six monthly to the trustees. Requests for charitable donations are collected by any trustee who will present the request to the trustees at a six monthly meeting.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Objectives and activities
The objects of the charity are to manage and let lands under its jurisdiction to enable grants to be made to any charity for the relief of poor persons resident in the Ancient Parish of Hexham (as constituted in 1855), for the relief of people in need and for advancement of education, including social and physical training of persons under the age of 25 resident in the Parishes of Humshaugh and Simonburn or any other charitable purpose. The trustees may not repeat or renew grants with regard to relief in need.
In accordance with Section 17(5) of the 2011 Charities Act the trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake as part of the public benefit requirement.
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THE EVANS CHARITY
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Financial review
The charity retains property conveyed to it and investments subsequently made in order to generate income for the purposes of the charity in accordance with the terms of the charity documents. Revenue reserves amount to £66,443 at 31st December 2021.
Grants of £7,500 were made in the year. Total reserves have increased by £65,385.
On behalf of the board of trustees
Mr N A Ridley (Co-optative)
Trustee Dated: 9 May 2022
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THE EVANS CHARITY
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees are responsible for preparing the Trustees' Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.
In preparing these accounts, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP (FRS 102);
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts; and
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prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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THE EVANS CHARITY
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE EVANS CHARITY
I report on the accounts of the charity for the year ended 31 December 2021, which are set out on pages 5 to 12.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
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(i) examine the accounts under section 145 of the 2011 Act;
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(ii) to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
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(iii) to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
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(a) which gives me reasonable cause to believe that in any material respect the requirements:
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(i) to keep accounting records in accordance with section 130 of the 2011 Act; and
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(ii) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act;
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have not been met; or
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(b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
K Scott FCA
Bassett Herron Mallan House Bridge End Hexham Northumberland NE46 4DQ
Dated: 11 May 2022
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THE EVANS CHARITY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| Unrestricted Endowment funds funds Notes £ £ Incoming resources from generated funds Donations and legacies 2 - - Investment income 3 29,387 - Total incoming resources 29,387 - Resources expended 4 Costs of generating funds Maintenance costs of investment property. 3,534 - Charitable activities Grants payable 5 7,500 - Other expenditure 6 1,200 - Total resources expended 12,234 - Net incoming resources 17,153 - Other recognised gains and losses Gains on investment assets 17,030 31,195 Profit on Disposal of Investments - - Net movement in funds 34,183 31,195 Fund balances at 1 January 2021 104,161 1,327,433 Fund balances at 31 December 2021 138,344 1,358,628 |
Total 2021 £ - 29,387 29,387 3,534 7,500 1,200 12,234 17,153 48,225 - 65,378 1,431,594 1,496,972 |
Total 2020 £ 625 28,037 |
|---|---|---|
| 28,662 | ||
| 5,094 12,640 1,200 |
||
| 18,934 | ||
| 9,728 14,585 - |
||
| 24,313 1,407,279 |
||
| 1,431,592 |
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THE EVANS CHARITY
BALANCE SHEET
AS AT 31 DECEMBER 2021
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | ||
| Fixed assets | ||||||
| Tangible assets | 9 | 993,500 | 993,500 | |||
| Investments | 10 | 405,048 | 356,823 | |||
| 1,398,548 | 1,350,323 | |||||
| Current assets | ||||||
| Debtors | 11 | 5,200 | 15,938 | |||
| Cash at bank and in hand | 95,024 | 67,131 | ||||
| 100,224 | 83,069 | |||||
| Creditors: amounts falling due within | ||||||
| one year | 12 | (1,800) | (1,800) | |||
| Net current assets | 98,424 | 81,269 | ||||
| Total assets less current liabilities | 1,496,972 | 1,431,592 | ||||
| Capital funds | ||||||
| Endowment funds | 1,358,628 | 1,327,433 | ||||
| (including revaluation reserve of £1,154,804 (2020 - £1,123,609). | ||||||
| Income funds | ||||||
| Unrestricted funds | ||||||
| Unrestricted income funds | 66,443 | 49,289 | ||||
| Revaluation reserve | 71,901 | 54,870 | ||||
| 138,344 | 104,159 | |||||
| 1,496,972 | 1,431,592 | |||||
| The accounts were approved by the Trustees on 9 May 2022 | ||||||
| Mr C A E Braithwaite (Co-optative) | Mr N | A Ridley (Co-optative) | ||||
| Trustee | Trustee |
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THE EVANS CHARITY
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021
1 Accounting policies
1.1 Basis of preparation
Charity Information
The Evans Charity is an unincorporated charity based at Park End, Simonburn, Hexham, Northumberland, NE48 3AA.
The accounts have been prepared under the historical cost convention modified to include the revaluation of certain fixed assets.
The accounts have been prepared in accordance with the Charities SORP (FRS 102) and the Charities Act 2011.
The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these accounts are rounded to the nearest £.
1.2 Incoming resources
Investment income is included in the accounts when received by or on behalf of the charity. Rents are included when receivable by the charity.
1.3 Resources expended
Expenditure is included on an accrual basis.
Maintenance costs of investment property comprise the costs directly incurred with regard to the maintenance and running of the properties.
Other expenditure comprises the overheads of administration.
Grants payable are charged in the year when the grant is paid.
Irrecoverable VAT is included in the expenditure category to which it relates.
1.4 Tangible fixed assets and depreciation
Tangible fixed assets are stated at valuation.
No depreciation is charged as the buildings are kept in a fit and proper state of repair, repairs and maintenance expenditure being written off as incurred.
1.5 Investments
Investment assets are included at the market value quoted by the respective investment managers. Gains and losses on Investments, both realised and unrealised, are included in the Statement of Financial Activities.
1.6 Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Endowment funds are subject to restrictions on their expenditure imposed on donation.
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THE EVANS CHARITY
NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
| 2 3 4 |
Donations and legacies Donations and gifts Investment income Rental income Income from listed investments Rents Received Simonburn cottage Simonburn Lodge Grazing land/garage Wayleave Total resources expended Costs of generating funds Maintenance costs of investment property. Charitable activities Grants payable Grant funding of activities Other expenditure |
Other Grant costs funding £ £ 3,534 - - 7,500 1,200 - 4,734 7,500 |
|
|---|---|---|---|
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THE EVANS CHARITY
NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
| 4 Total resources expended Maintenance costs of Investment Property Insurance Repairs 5 Grants Payable Wark Primary School Field Trust Renovation Contribution Sean Wylie funding for Triathlon event Will Roberts funding for British Championship Humshaugh Childrens Playing Field Wark Parish Council 6 Other expenditure Other expenditure comprises: Independent Examiner |
(Continued) 2021 2020 £ £ 738 - 2,796 5,094 3,534 5,094 2021 2020 £ £ 5,000 - - 10,000 - 500 - 500 - 1,640 2,500 - 7,500 12,640 2021 2020 £ £ 1,200 1,200 1,200 1,200 |
(Continued) 2021 2020 £ £ 738 - 2,796 5,094 3,534 5,094 2021 2020 £ £ 5,000 - - 10,000 - 500 - 500 - 1,640 2,500 - 7,500 12,640 2021 2020 £ £ 1,200 1,200 1,200 1,200 |
|---|---|---|
| 5,094 | ||
| 2020 £ - 10,000 500 500 1,640 - |
||
| 12,640 | ||
| 2020 £ 1,200 |
||
| 1,200 |
7 Trustees
None of the trustees (nor any persons connected with them) received any remuneration or other form of benefit from the charity during the year.
8 Employees
There were no employees during the year.
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THE EVANS CHARITY
NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
| 9 | Tangible fixed assets | Freehold |
|---|---|---|
| Land and | ||
| buildings | ||
| £ | ||
| Cost or valuation | ||
| At 1 January 2021 and | ||
| at 31 December 2021 | 993,500 | |
| Depreciation | ||
| At 1 January 2021 | - | |
| Charge for the year | - | |
| At 1 January 2021 and | ||
| at 31 December 2021 | - | |
| Net book value | ||
| At 31 December 2021 | 993,500 | |
| At 31 December 2020 | 993,500 |
There is no record of the historical cost of the land and buildings.
The properties were valued at 20th February 2015 by Land Factor on an open market value basis. They are registered in the name of the Official Custodian of Charities on behalf of the charity. The trustees are not aware of any material change in the valuation between the valuation date and the balance sheet date.
Freehold Land and buildings valuation
| Simonburn Cottage Simonburn Lodge Grazing land at Humshaugh |
2021 £ 590,000 280,000 123,500 993,500 |
2020 £ 590,000 280,000 123,500 |
|---|---|---|
| 993,500 |
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THE EVANS CHARITY
NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
10 Fixed asset investments
| Fixed asset investments | |
|---|---|
| Market value at 1 January 2021 Change in value in the year Market value at 31 December 2021 Historical cost: At 31 December 2021 At 31 December 2020 |
£ 356,823 48,225 |
| 405,048 | |
| 171,843 | |
| 171,843 |
Fixed asset investments are held primarily to provide an investment return for the charity. They are all UK registered.
| Permanent Endowment Funds Charities Official Investment Fund McInroy & Wood Unrestricted Funds Charities Official Investment Fund McInroy & Wood |
Units 8,188.78 2,760.63 4,969.68 1,641.99 17,561.08 |
Cost 34,190 58,325 37,653 41,675 |
2021 £ 168,414 85,406 102,208 49,020 405,048 |
Units 8,188.78 2,760.63 4,969.68 1,641.99 |
2020 Cost £ 34,190 147,398 58,325 75,227 37,653 89,454 41,675 44,744 |
|---|---|---|---|---|---|
| 171,843 | 17,561.08 | 171,843 356,823 |
| 11 | Debtors | 2021 | 2020 |
|---|---|---|---|
| £ | £ | ||
| Other debtors - falling due after more than one year | 5,200 | 15,938 |
Other debtors balance of £5,200 relates to a balance due from Evans Almhouses Charity regarding the repayment of the Biomass invoices paid by The Evans Charity. This is to be paid when funds are available.
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THE EVANS CHARITY
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
| 12 | Creditors: amounts falling due within one year | 2021 | 2020 |
|---|---|---|---|
| £ | £ | ||
| Accruals | 1,800 | 1,800 |
13 Related parties
During the year the services of Park End Electrical Limited were engaged by the charity, a company in which the trustee Mr N A Ridley is a shareholder and director. A total of £2,221 (2020 £951) was charged to the statement of financial activity this year for these services. At the year end nil was outstanding for payment. Mr Ridley declared and interest in the company and took no part in the decision making on these matters. These transactions took place at market value.
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