Heckington Almshouse Charity
Contents for the Financial Statements for the year ending 31 January 2021
Legal and Administrative Information Trustees’ Report Receipts and Payments Account Statement of Assets and Liabilities Independent Examiner’s Report
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Heckington Almshouse Charity
Legal and Administrative Details
for the year ending 31 January 2021
Charity Number 229574
Address 12 St Andrews Street Heckington Sleaford Lincs NG34 9RE Trustees Mrs M Thomas Chairman – Co-optative Mr M Hardy Co-optative Mrs B Ward Co-optative Mr M Sardeson Co-optative Mrs S Pinchbeck Co-optative Mrs C Leaviss Co-optative Rev Chris Harrington Ex Officio
Note: 1 Nominative Trustees appointed by the Parish Council (currently one vacancy)
5 Co-optative Trustees and 1 Ex Officio appointed for a period of 5 years by resolution.
Governed
The charity is governed by the Constitution and Trust Deed
.
Object of the Charity
Bank
The objective of the charity is to provide housing for poor people of at least sixty years of age resident in Heckington and certain defined villages.
Lloyds Bank plc, Sleaford
Accountant Little Audit Service Crossing Cottage 45 Station Road Heckington Sleaford NG34 9JH
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Heckington Almshouse Charity
Trustee’s Report
for the year ending 31 January 2021
Activities
In this extraordinary pandemic year the Almshouses have maintained full occupancy and income remains stable. No major internal works were undertaken, and apart from the usual maintenance and minor repairs, the largest costs were for replacement fencing at The Green and repairs to the outbuildings and boundary wall at Cameron Street. Expenses were therefore significantly reduced.
This has led to an increase in funds held by the charity. CCLA suspended the acceptance of cheque deposits and it was difficult to arrange a bank transfer in the current circumstances; this would also have attracted a fee. Investment returns from the CCLA account reduced during the year. For these reasons, the bank current account funds are higher than would usually be the case. The excess will be transferred to reserves when circumstances permit.
It had been intended to obtain an up-to-date valuation of the Almshouses during this year, but it proved impossible to arrange a RICS surveyor visit due to the pandemic restrictions. This remains a priority in 2021.
Investment Policy
The Charity’s investments are held by the Custodian Trustees. The income is available to the Charity but the capital is not intended to be distributed.
Review of Major risks
The Charity’s income is considered to be secure as it arises from investments and is not dependent on donors.
Approved by the Trustees and signed on their behalf
Name
Position
Date
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Heckington Almshouse Charity
Receipts and Payments Account for the year ending 31 January 2021
| Receipts: Maintenance contributions received Interest receivable and other income Payments Water Gas Electricity Window Cleaning Insurance Repairs and maintenance Honorarium – clerk Administration costs Misc exps Professional fees Accountancy fees Excess of receipts over payment Unrealised gain / loss on investments Cash funds at start of year Cash funds at year end |
2021 £ 25,872 37 725 1,380 157 575 818 7,120 1,732 20 30 182 300 |
£ 25,909 13,039 12,870 (1,121) 52,545 64,294 |
2020 £ 26,060 70 655 2,050 94 378 803 18,455 1,732 11 - 179 600 |
£ 26,130 24,957 |
|---|---|---|---|---|
1,173 5,433 45,939 |
||||
52,545 |
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Heckington Almshouse Charity
| Statement of Assets and Liabilities for the year ending 31 January 2021 2021 £ Investment Shares Portfolio 34,108 Cash Funds COIF Charities Deposit Fund 12,519 Lloyds Account 17,667 64,294 |
2020 £ 35,229 12,492 4,824 52,545 |
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The charity also holds some properties.
The current valuation of the properties as carried out on 8 September 2015 is as below:
Properties
The Green – Heckington
| Property 1 Property 2 Cameron Street – Heckington Property 1 Property 2 Property 3 Property 4 |
115,000 115,000 70,000 70,000 70,000 70,000 . |
|---|---|
| 510,000 |
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Independent Examiner’s Report to the Trustees of Heckington Almshouse Charity
I report on the accounts of the charity for the year ended 31 January 2021 which are set out on pages 2 to 5.
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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examine the accounts under section 145 of the 2011 Act;
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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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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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which gives me reasonable cause to believe that, in any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the 2011 Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met; or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Sally Woodhead FFA FFTA
Date
……………………………………………
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