## **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
**1 |** P a g e
## **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
**2 |** P a g e
## **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**
**3 |** P a g e
## **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**|
**4 |** P a g e
## **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|
|---|---|
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|
**5 |** P a g e
## **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;
- 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
……………………………………………
**6 |** P a g e