REGISTERED NUMBER.. 224682 THE HARTLEY COAGE HOTrIES TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE ITAR ENDED 31ST DECEMBER 2023 Ainswonhs Limited Charter House Stansfjeld Street Nelson Lancashire BB9 9XY
THL IL4RTLEY COTTAGE HOTr¥fES coN'rE£NTS OF THE FI,AN1 CIAL STATEMELNTS FOR THE YEAR EDED31ST DECEVBER 2023 Legal and administrative details Trustees, reEx)rt Independent examiner's report to the trustet5 of The Hartley Cottage Homes Statement of financial activities Balance Sheet Notes to the financial statements
TFIE IIARTLEY COTTAGE HOMES TRLSTEES, REPORT FOR THE YEAR EDED 31ST DECE,NIBER 2023 LEGAL ANL D ADIL IINISTRATIVE DETAILS The Hartley Cottage Homes is a charity registered with the Charities Cortunissioner5 and 15 governed by its trust deed. Registered chArity llllmber 224682 Trustees Lift Trustees Mr S A Ben.%on (Chairn)an) Mr. D. Thompson Mr J Hall Mrs D Onnrod Cllr D Lord Mr l Graham (Appointed l Febwary 20231 Mr W. Griffiths {AppOind l Febnjary 20231 Nominated Tru5te¢s Cllr N. Butterworth Cllr K McGladdery Cllr R. O'connor (Appointed 12 May 2024} Cllr K. Slater (Appointed 15 May 20231 Key ManAgement Per50tLnel Mr Philip Mousdale Independent Examiner M Sunter FCA Ainsworths Limited Charter House Stan5field Street Nelson Lancashire BB9 9XY Registered #ddre55 Town Hall Market Street Nelsort Lancashire BB9 7LG
THE HARTLEY COTTAGE HOMES TRUSTEES, REPORT COINTlTriUED FOR THE YEAR EIYDED 31ST DECE.IIBER 2023 The trustees present their report and the financial statements for the year ended 31, December 2023. The illformaiton on page one also foTms part of thi5 report. General The Hartley Cotkqge {"Ihe charity") was e5tabli5hed by a TTUSt Deed ot] 21, August 191 l and is re¥i5tered with the Charity Commissioners Iregisttation number 2246821. The charity is now governtd under a scheme approved by the Charity Commission daied 10 January 2007. There are seven life tnjstees appoinied by existing GovernoT5 and four notninated t[te¢S appointed by Pendle Borough Council. ObJeetlve5 The objective of the charity is to adminIsier twenty Almshouse properties. In setting our objectives and planning our activities the trustee5 have given careful consideration to the Charity Commi5sion'5 general guidance and section 17151 of the Charities A¢1 2011 on public benefit. Organl$ational structure The trustees who hav¢ served during the period and since the period end are Set out on page one. The trustees take care of the day to day runnin& and legal requirements of the charity. Review of year The expettdiNre on repairs and maintenance made to the properties during the year was significant]y higher than in the previous year, which resulted in the deficit of £20,213. The charity ¢Otitinues to hold a maintenance fund for future expenditure. As at the date these financial Statements are signed stands at around £44,000. There have been change5 to Tru5tee5 during the year. Reserve$ policy At 31, DeCeber 2023, total reserves carried fonvard siood a¢ £66,340 (2022.. £86,553). All of these fllnds ar¢ unrestricted and can be used by the chaTsty as the tru5tee5 See fit. The irll%lees believe the net asset posilioll 15 sufficient for the future needs of the charity. However. these leve15 are to be ieviewed atLnually. Risk management policy The trustee.% review the major risks fa¢ed by the charity during their regular tneetings and confi]Tr there are 5y5tems in place to mitigate them. Internal risks are minimised by ihe segregation of duties and pCedureS for auihorisaiion of al transa¢iions. Related party tran$8£tions No related paty transactions have taken place during this financial year.
THE HARTLEY COTTAGE HOMES TRUSTEES, REPORT CONTXNUED FOR THE ENDED 31ST DECF.NtBER 2023 STATEMENT OF TRUSTEES RESPOINSIBILITIES The trustees a responsible for preparing the Iru%tee% report and the financial statements in accordance with applicable law and United Kingdom Accounting Siandaid5 including Financial Reporting Standard 102.. The Financial Reporting Standard applicable in the UKandRepiiblic oflieland (United Kingdom Generally Accepted Accountlllg Practice). The law applicable to chaiities in England and Waleb require5 the trustees lo prepare financial statements for each financial year which give a true and fair VTew of the State of affairs of the charity artd of the incoming resources and application of resourees of the charity for thai period. In preparing ihese financial statements. the trustees are required 10.. select suitable accounttng policies and then apply them consistently.. observe Ihe methods and principles in the Charities SORP and FRS 102. make judgements and e%limales that are reasonable and pNdellt; slate whether applicable UK accounting %Lqndards have been followed. subject to any material departures disclosed and explained in the financial 5tatenients', prepare the financial btatements on the going concern basi5 unles5 It is inappropriate to presume that the Charitable cotnpany will continue in business. The trustees are responsible for keeping sufficient accounting re¢ord5 that di5c105e with reasonable accuracy at any time the rinancial position of the ¢harity and enable them to ellsure that the financial staietnent5' comply with the Charities Act 2011. the trust deed and the Accounting and Reporting by ¢harities'. Statement of Recomtnended Practice applicable to charities reporting their account% in a¢cordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland. They are also responsible for 5afeguardiRg the assets of Ihe charity and hence for taknng reasonable step5 for the prevention and de¢e¢tion of fraud and other irregularities. ON BEHALF OF THE BOARD.. Mr S A Ben.%on - Chaitynan Date.. 3Td SepieThber 2024
REPORT OF THE IIYDEPENDENT EIllER TO TEIE TRUSTEES OF THE HARTLEY corrAGE HOIIES FOR THE YEAR ENDED 31ST DECEiBER 2023 I report on the accounts of The Hartley Cottage Homes for the year ended Jl" December 2023. which are Set out Oll page5 5 to9. Respective responsibilitie5 of the trustees and earnIer The cliarity'5 ttustees are respoiisible lor the preparation of the accounts. The Charity's tStetS consider that an audit is not required for this year under section 144121 of the Charitie5 Act 2011 (the 2011 Act) and that an independent examination is needed. Having sa115fied that the Charity is tiot subject lo an audit under section 144121 of the 2011 Act and 15 eligible for indeptnd¢nt examination, it is my responsibiliry to.. Examine the accounts under section 145 of the 2011 Act,. To follow the procedures laid down in the general diwiions given by the Charity Cort)mis5ion under section 145151(b) of the 201 l Act,. and To state whether particular matters have come to attention. Ba515 of independent examiner's report My examinaiion was carried oui in accordance with the general directiot]s given by the Charity ColliTni55ioner. An ex&minalion includes a review of the accounting record5 kept by the charity and a ¢ompari%on of the accounts presented with those records. It also includes con%ideraiion of any unusual items or di5c105ure5 in the accounts, and the seeking of explanations from you as trustees concerning any such [ltt[s. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently. no opinion 15 given as to whether the a¢¢ounts piesent a'irue and fair view, and the report is limited to those matter5 Set out in the statemeni below. Independent examiners, $tatemen¢ Ln connection with my examination, no matter has come to my attention-. Which gtves me rea%onable cause to believe that, in any mattrial respect. the requirements.. to keep accounting records it] a¢¢urdan¢e with section 130 of Ihe 2011 Act; and to prepare accounts which accord with the accounting records. comply with the accounting requiretnents of tlie 2011 Act have not been meL 01 To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Mark Sunter FCA Ain5WOrths Litnited Chartered A¢countanis Charter House Siansfield Street Ne150n Lanc&5hire BB9 9XY Date= 3 September 2024
THE HARTLEY COTTAGE HOMI ES STATEMENT OF FINI ANCIAL ACTIVITIES FOR THE YEAR EINDED 31ST DECEMBER 2023 Restricted funds Lnrestrleied riinds Note5 2023 2022 Income and expenditure IncOlg re50urees Charitable activities Investment income Total incoming rtsourees 106,893 106,893 95.278 170 95,448 108,6il 108,651 Reyoure¢$ expended Charitable activities Tot81 resource$ expended 128 864 128,864 80,837 80,837 128,864 Net iDcomingl(outgolng) resources before other recognistd gain51(105se5) (20.213) {20,213) 14.611 Other recognE5ed gains /1105scsI Net movement in funds 120,213) (20,2131 14,611 Fund balance brought forward at begit)ning of Year 86 53 Fund balance CLed forward at end of year io 66 40 86,553 All transactions relate lo continuing operations. There are no other recogni5ed gains or losses for the year other than in the Statement tsf Financial Activitie5.
THE HARTLEY cOAGE FIOIMES BALANCE SHEET AS AT 31.ST DECEMJJER 2023 Note 2023 2022 Fixed assets: Tangible fixed assets Current assets Debtors Cash at bank and in hand 2,438 2,332 84.803 87,135 66,922 Creditors Amounts falling due within one year 582 582 TotAI 8$$¢t$ le$s current U#blUtle$ 66 40 86.553 Net A5set$ 66,340 86.553 The funds of the charlty Restn¢ted funds Unrestricted funds Total charity funds io 10 86,553 86,553 66 40 Approved by the Board of ttustees on 3 September 2024 and signed on its behalf by.. Chaiiman
THE HARTLEY COTTAGE HOMES NOTES TO THE FINANCIAL STATETrIENTS FOR TIIE YE.4R EISDED31ST DECEII IBER 2023 Aceounting policies The financial statements have been prepared under the historical ctsst Convention with items recognised at cost OF transaction value unless othenvise stated in the relevani no¢elsl to these ac¢ouniS. The fJnat2¢ial slatetnenls have been prepared in accordajice with the Staiement of Recommended Practice.. Accounting and Reporting by Charities preparing their aecounis in accordance wtth the Financiol Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2014 and the Fillancial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charitie% Act 2011. The trust conslitut¢s a public benefit entity as defined by FRS 102. CashflDs1 The charity is exempt from the requirement to prepa a ca5hflow Statements as it qualifies as a small entity. Income Rental income is credId to the Statement of Financial Activiiies as they beco£ due. gr05s of income tax where applicable. Expenditure Expenditure has been charged to the Statement of Financial Activities on an accruals basis and includes attributable VAT which Cannot be recovered. Tangible fixed #$setS Tangible fixed assets are included at C05t less depreciation. Investment property Inve.stmeni property IS shown at most reeent valuaiion. Any aggregate surplus or defjcit arising from changes in fair value is recogFn&sed in income or expendituie. Fund aecounting Unrestricted funds are funds which can be used in a¢¢ordance with the charitable objects at the discrerion of the tntstees. Re5tsicted fund5 are funds that ¢an only be Applied for particular puryoses wiihin the ¢haritable objects. Taxatlon The charity is exempt from tax on its. charitable activities. Incoming re50urce5 from charitable aetivities 2023 2022 Rental income 106J93 95,278 106,893 95.278 In 2022. of the total rental income, £Nil wa5 restricted and £95,278 was unrestricted.
THE HARTLEY COTTAGE HOLNIES NOTES TO THE FINANCIAL STATEMENTS CONTINUED FOR THE YEAR ENDED 31ST DECENIBER 2023 Inve5trnellt income In 20?2, of the totsl invesimen¢ income, £Nil wa5 restricted and £Nil was unresth¢ied. Charitable gctlvitles 2023 2022 Wages and other employmeni Costs (note 61 Premises costs Light, heat and waier Insurance Waste removal Sundry Suppon costs (noie 51 24,688 62,914 36,579 2J32 1.425 314 612 24,126 32,156 19,240 2,108 1.519 1.106 582 128,864 80,837 In 2022, of the totsl ¢haTitable activities expended, £Nil was restricted and £80,837 wa5 unrestricted. Support costs 2023 2022 Accountancy 612 582 612 582 StY4ff cost5 and Dumbers 2023 2022 Sluff cosis.. Gro&s wages and other eTnployment costs 24,688 24,126 24,126 The average number of employees during the year were as follows.. Maintenance Trustees, Remunerfttion And benefits including key management per$onntl The tru5tee5 have received neither remuneration nor reimbursement of expenses in either the Cuent or previous period. The key management pe150nnel have not received any remuneration. however they were ImbUed expenses tolallitlg £51.
THE HARTLEY COTTAGE HONIES NOTES TO I"HE FINI AINCIAL STATEMENTS CONTINUED FOR THE YEAR EliDED31ST DECEMBER 2023 Tangible fixed 8s5ets In the opinion of the trusiees, invesimeni properties have been disclosed as property, plant and equipment as it would re5uII in undue cost and effort lo measure the piDperty at fair value. Therefore, they are recogwsed at depreciated histori¢al cost. The properties were built many years ago and therefore, Ihe historical cost infom)ation is not available. However, had the histoThcal cost information been known it would have no effect on the financial statements of the charity as they would be fully depreciated. Debtors 2023 2022 Prepayments 2.438 2,332 10. Summary of funds Analysis of assets and liabilities between ful$.. Restricted funds Unrestricted funds Total funds 2023 Total funds 2022 Current assets Current liabilities 66,922 i82 66,340 66,922 i821 66,340 87,135 582 86,553 Restricted fund$ Unrestricted funds Total fund5 2022 Total funds 2022 Balance brought forward Net incoming re%ourees Balance carried fon¥ard 86,553 20.213 86,553 20.213) 66 40 71.942 14,611 86.553 Unrestricted ndS represent surplus income and other 2ncoming resources receivable in excess of outgoing re50urce5 payable and available for use by the trustet% in accordance with the ¢hariiable objects.