FOUNTAIN’S HOSPITAL
GENERAL INFORMATION FOR THE YEAR ENDED 30[th] April 2021
CHARITY NUMBER 225068
TRUSTEES
Richard Bradley Jean Brooksbank Angela Knowles Joe Midgley Ian Jowett Nicola Lockwood Avril McGuinn Kate Midgley Bryan Metcalfe Clare Oakes Robert Stockdale CLERK: Sheila Ely Bank View Cottage Hebden Skipton BD23 5DU SOLICITORS: Richard Bentley Goad & Butcher The Market Place Settle BD23 9DR ACCOUNTANTS: Arthur E Walker & Co 6 Water Street Skipton BD23 1PB BANKERS: Barclays Bank 49 High Street Skipton BD23 1DH LAND AGENT: John C Prickett Gisburn Auction Offices, Gisburn Lancs BB7 4ES
FOUNTAIN’S HOSPITAL
TRUSTEES’ REPORT FOR THE YEAR ENDING 30[th] April 2021
We the Trustees have pleasure in submitting our report, together with the accounts of the Charity for the year ended 30/04/21
History of the Charity
Fountain’s Hospital has been providing almshouse accommodation and welfare grants for almost 300 years. The charity was originally established in 1721 from a bequest in the Will of Richard Fountain of the City of London, who was born in Linton-in-Craven.
Governing document
A Charity Commission Scheme dated 18 September 1973 forms the governing document.
Activities
The charity owns and manages an 18[th] century Grade 2* listed building known as Fountain’s Hospital. The property is made up of six almshouses, chapel and gardens, providing residential accommodation (four single and two double) for people who have previously lived in the Ecclesiastical Parish of Linton, which includes the townships of Grassington, Hebden, Linton and Threshfield. There is no resident warden.
The charity also makes annual grants of money to people and organisations in Linton Parish as detailed below.
The trustees confirm that they have had regard to the Charity Commission’s guidance on public benefit.
The trustees confirm that the major risks to which the charity is exposed, as identified by the trustees, have been reviewed, and systems or procedures have been established to manage those risks.
Trustees
The maximum number of trustees permitted under the Scheme is twelve. There are currently eleven trustees.
Four Nominative trustees are the appointees of the four parish councils that make up the Ecclesiastical Parish of Linton: Grassington, Hebden, Linton and Threshfield. The remaining seven Co-optative trustees reside or carry on business in the Parish of Linton.
Trustees are asked to sit on one of three informal sub-committees that report back quarterly to the main body of trustees: these are Finance, Welfare, and Farms & Land. The remit of these sub committees is detailed below.
Income
The charity derives income from its investments, rents from farms and land, and the weekly maintenance contribution from almshouse residents.
After the deduction of all costs, charges and loan payments, surplus income is apportioned to the Poor’s Branch, Hospital Branch and Ecclesiastical Branch, in accordance with the Scheme.
Reserves
| The reserves held on 30/04/21 | were: | £ |
|---|---|---|
| Extraordinary repair fund | 153,386 | |
| Cyclical Maintenance fund | 50273 | |
| Routine Maintenance fund | - | 386 |
| Poor Branch | 6,774 | |
| Hospital Branch | 96,465 | |
| Ecclesiastical Branch | 3,274 |
Poor Fund Branch Branch
The Trustees make annual grants of money to young people between the ages of 16 and 25 living in the Parish of Linton, in order to assist with their studies.
Grants are also made annually to people living in the Parish of Linton to relieve need, hardship, or distress. We also make occasional one-off grants to local schools, or other educational and welfare organisations within the Parish.
Hospital Branch
The Trustees apply the income of the Hospital Branch for the benefit of the Almshouse residents.
Ecclesiastical Branch
The Trustees make an annual payment to the Rector of Linton, for him or her to use for the benefit of persons living in the Parish of Linton. In recent years this has been supporting a local ecumenical youth group called Reverb. The payment is subject to the Rector living within the Parish and saying prayers at the Fountain’s Hospital chapel once a week.
Sub-committees Finance
The Finance committee (a sub-committee of four trustees) in conjunction with the Clerk, review and set an annual budget, and report quarterly to the Trust on the overall financial position of each fund.
Farms & Land
The charity owns farms and land locally from which a rental income is derived. A sub committee of four trustees oversees Farms & Land, reporting to the main body at quarterly meetings. The land agent gives advice.
Welfare
Day to day responsibility for the management of the Almshouses and implementation of policy set by the Trustees is carried out by a Welfare sub committee of four trustees who report to the main body at quarterly meetings. The Welfare sub committee took specialist advice on Fire Safety in January 2018 and followed this up with a formal risk assessment, which is reviewed annually. All Trustees meet informally with Almshouse residents twice a year, and look round the gardens in summer. We are pleased that the residents continue to be satisfied with the standard of accommodation provided and the maintenance of the grounds.
Maintenance
A Quinquennial property survey of the Fountain’s Hospital building was carried out in July 2015, enabling the identification of short, medium and long-term maintenance requirements. One will be carried out in August 2021 when the Covid 19 restrictions are lifted.
Development
The Trustees currently have no plans for extension of the services provided beyond the existing premises.
The Fountain’s Hospital Charity complies with all current legislation concerning the following: risk management, investment, conflict of interest, vulnerable beneficiaries and volunteer management.
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Fountain's Hospital Charity Statement of Assets and Liabilities at 30 April 2021
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|---|---|---|---|---|---|
|2021|2020|
|£|£|£|£|
|Tangible||Fixed|Assets|
|Freehold|properties|450,491.70|450,491.70|
|General|Fund|Investments|at|cost|
|90 2.5% Consolidated|Stock|at cost|35.00|35.00|
|650.44 COIF Income Shares|at cost|3,558.00|3,558.00|
|1183|(1183) Accumulation|Shares NAACIF|at cost|78,061.76|74,176.23|
|$1,654.76|77,769.23|
|Extraordinary|Repair|Fund|
|2027.047|Accumulation|Shares NAACIF|at cost|164,159.73|143,001.95|
|696,306.19|671,262.88|
|Current|assets|
|Bank Current Account|7,261.48|4,964.52|
|Higher Rate Deposit Account|2,572.64|8,567.86|
|Virgin Money Deposit Account|23,954.25|23,837.03|
|VirginPrepayments Money Deposit~|Account (Cyclical Maintenance)|50,273.732|45,077.12-|
|84,062.10|82,446.53|
|Current|liabilities|
|Sundry|Creditors|and Accruals|9,812.58|1,850.00|
|Rent|Paid|in Advance|4,324.00|4,324.00|
|14,136.58|6,174.00|
|Net current|assets|69,925.52|76,272.53|
|766,231.71|747,535.41|
|Represented|by:|
|Capital Fund|456,016.16|456,016.16|
|The Hospital Branch|96,465.96|92,238.08|
|The|Ecclesiastical|Branch|3,274.32|3,539.15|
|Cyclical Maintenance Fund|50,273.73|45,077.12|
|The Poor Branch|6,774.49|7,622.31|
|T Foster Deceased Bequest Account|21.34|21.34|
|Henry|Croft|19.30|19.30|
|Extraordinary|Repair Funds|153,386.41|143,001.95|
|766,231.71|747,535.41|
|Approved on LPGTCSafea|.|ee os|.|
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Independent Examiner's Report
Examiner's Report i to the trustees of
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Fountain’s Hospital Charity
T report on the accounts of the Trust for the year ended 30 April 2021, which are set out on the attached pages.
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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 independent[examination][is][needed.] the Charities Act 2011 (the 2011 Act) and that an It is my responsibility to: * examine the accounts under section 145 of the 2011 Act; * — 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 * — 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 Direction given by the Charity Commissioners. 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 by 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 our examination, no matter has come to our attention: (1) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 130 of the 2011 Act; and * — to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
Have not been met; or
(2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of[the] accounts to be reached. Date 9.0 eh. Andrew Walker BSc Walker BSc BSc FC€A Arthur E Walker & Co 6 Water Street Skipton . BD23 1PB
Andrew Walker BSc Walker BSc BSc FC€A Arthur E Walker & Co 6 Water Street Skipton BD23 1PB
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