Heckington Almshouse Charity
Contents for the Financial Statements for the year ending 31 January 2023
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 2023
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 S A Accounts Ltd 45 Station Road Heckington Sleaford NG34 9JH
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Heckington Almshouse Charity
Trustee’s Report
for the year ending 31 January 2023
Activities
Upgrading of heating and hot water systems has continued this year, resulting in a considerable capital spend. Routine maintenance has continued. A grant from the NFU charity fund enabled us to upgrade the old inefficient heat network boiler at Cameron Street to a more efficient hydrogen-ready version.
Fortunately, a 5-year fixed gas contract taken out before the current dramatic increase in energy prices has enabled us to avoid any increase in heating costs at Cameron Street.
The 5-yearly property survey showed that good progress has been made in upkeep of the properties with much less work to be scheduled over the next 5 years.
Despite rising maintenance costs, the charity finances remain stable overall.
There have been no changes to Trustees over the year.
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 2023
| 2023 £ Receipts: Maintenance, water and gas contributions 24,235 Grant from NFU Fund 6,379 Interest receivable and other income 1,599 Payments Water 673 Gas 1,867 Electricity 338 Window Cleaning 540 Insurance 977 Repairs and maintenance 21,138 Honorarium – clerk 1,905 Administration costs - Misc exps 180 Professional fees 196 Accountancy fees 300 Quinquennial Inspection Fee 720 Excess of receipts over payments Unrealised loss/gain on investments Cash funds at start of year Cash funds at year end |
£ 32,213 28,834 3,379 (1,138) 61,937 64,178 |
2022 £ 25,575 - 1,259 742 3,104 213 450 1,243 24,558 1,905 50 65 187 300 - |
£ 26,834 32,817 |
|---|---|---|---|
(5,983) 3,626 64,294 |
|||
61,937 |
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Heckington Almshouse Charity
| Statement of Assets and Liabilities for the year ending 31 January 2023 2023 £ Investment Shares Portfolio 39,155 Cash Funds COIF Charities Deposit Fund 12,675 Lloyds Account 12,348 64,178 |
2022 £ 38,858 12,521 10,558 61,937 |
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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 2023 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;
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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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