## **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|
|---|---|
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:
- examine the accounts under section 145 of the 2011 Act;
- follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- 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:
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 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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