ST JOHN'S ALMSHOUSE CHARrriES TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Charity Number: 230417 11,, yr
ST JOHN'S ALMSHOUSE CHARITIES Contents Page Legal & Administrative Informalion Trustee5 Annual Rewt Independent Examinels Report ststement of Financial Activibes Balance Sheet Note5 to the Financi Ststwnents 8-13
ST JOHN'S ALMSHOUSE CHARITIES LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr M G Baker MBE CMpted Trustee- Chaimian Revd J Randall ExffiCI0 TnJ$tee- Rector ofAJI Saints & St Mary's Churches, Huntingdon Cllr A Blackwdl Trustee nominated by Huntingdon T(wn Counc Cllr S Grfford TNslee nominated by Hunlingdon Ccyjncil MrA Butler Co-opted Trust Mr L Button crpted Trustee Mrs E Irving C¢>opted Trustee Mr T P Johnson FCA C(>opted Trustee & Treasurer Mrs D Peacock Ctropted Trustee Mr C Saunders CLFOPted Trustee Charitable Status Sl John's AJm$house Charitses is an urUnc01rated charity registered in Engl8tNJ. number 230417 Principle Address The principl& address of the char5ty i8 27 Hartford Road, Hurth"ngdon, Cambridgeshire, PE29 3RE Bankers National Westrninsler Bank plc, 92 High StreeL Huntingdon. Cambridgeshire. PE29 3DT Independent Examlner Mr D G Crc4(er Retired Chartered Accountant 5 Willvw Close, Brampton, Huntingdcm. CambTKPJeshire, PE28 4RJ Soll¢ltors Hewtsons, 7 Spenter Parade, Northampton. NN1 SAB Clerk lo the Trustees Mrs B Howells
ST JOHN'S ALMSHOUSE CHARITIES TRLISTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 Objectivas and activities for the publ1¢ benefft The principèj obj.ect of the charpty is the provision of almshouse accomm(xlation for single women who by forca of Circumstances and resources, are in need. Prionty is gNen to women who reside in Huntingdon, and it is this group of people which forms the ba$1$ of the pthlic benefrt provided by the chafity. The charity carries oth ts objeclNes by.. maintsinin9 the extemal and intemal features of the eight reshlential houses in George Street, Huntingdon, in a secure and habitable state, and advertising empty to the general pl)"11C, and reviewing the conditK)n of the properties. and caryiro out wrtal worts after securing appropriate funding. The Trustees confimi that they have referr&J to the guidance contained in the Chanty ConNnis$ion's general guidance on publ benefft vthen revEwing the Trust's aims and obJ"ectives. and in planning fure athf(ies. Structure. governance and management The charty is an unincorporatwj assLxiation governed by our COrltu1)n whh 1$ dated 12 November 2012. The trustees comprise 1 ex-officK) Irustee who is the currenl incumbent of Al S8int5 and also St Ma3 Churches in Huntirydon, 2 nominee trustees from Huntingdon TNn Council and a maximum of 9 other trustees. and any rew trustees are appointed by the existing Tntsts. ere there is a wpled trustee vacancy. the remainirvJ trustees endeavour to recruit a new trustee with retevant experEnce, skills and an empathy with the oblts of the charity. As part of their indueliori, new trustees are provided wrth a copy of the Constrtution. the Trustees Handb¢)ok, the Resklents Handbook, and various other relevant dc¢uments lo enab them to gain a full applat)n of their dthies and obligations as a trustee. The Ttee$ Handbook contains the charty's policies for trustee induction, risk management, investmerrt pJlw and management of surplus funds. The trustees meet on a quartety ba$i8 lo review the sitIon and a slandard agenda is adopted lo ensure that all matters are o)vered. The day to day administration of propety managnI and re5kJents issues is dege0 to the relevant sU0mmIttee, in conjunction with the CkTk to the Trusts, but dl major decisn$ are either approvgj or ratified at a full Iruslees meeting. The sub-committees are" Res¥Jents' suwmmittee." Buiklings sub4¢mmittee'. Finance sub<onwnittee. IconlnL*d page 31
ST JOHN'S ALMSHOUSE CHARITIES TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 {contlnuedl Structure. governance and management Icontinuedl The charty is a member of the Ajmshouses AssLxiatk)n which offers assistan. advice, guidance and encouragement lo the numerous almshouse trustee bodies to enab them lo provfde suitab a¢commodation for people in need. The Assctkation also represents these charities with the Charty Commission, Hornes England. and Ihe ReguLqtor of Socral Housing, the Land Registry and other Government departments. A¢hievemants and pgrfommnce Residents- Our SIdents continue to thrive and supw)rt one another, both in practical and emotional ways. One of our residents has had a few visits to hospttal during the year but is now well and at home. This resident does have mobility issues imrt can still manage in her own home. albeit she is now housebound. The Trustees invited the residentsi plus a guest. to afternoon tea at The George in Huntingdon in May and this was well atterbded and enjoyed by all. They were gNen an update on the Quinquennial report by the Chairman. There were no changes to our residency over the year and so occupation remains at l(KM. The Chairman and Clerk have rnade regular vlstt5 to the occupants. these are mostly of a social nature and also when requests were made for asslstance. The visrts are to ensure their well being and reminding them that we are available to be called on, if needed. Two of ourTrustees also make regular visits of a similar nature. We are pleased to report that the disruption and woThy caused by ihe pandemic 15 no longer major concern to our residents. Residents receive cards and flowers on their birthdays and Cards at major festiva15 including a Sainsbury's voucher at ChrSstmas. At the end of 2021 there were 10 eXfFIC, nominated and co-opted trustees, leaving 2 vacancies for new twstees and the tnjstees are commttted to having a Board of Trustees with vard but complimentary skllls to benefit our SIdentS and the charity. It is noted that there Is still a tentIal vacancy for someone with a legal background in property and human resources. [c0rknred on page41
ST JOHN'S ALMSHOUSE CHARITIES TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 20211contlnuedl AchIeveMt$ and performance (continued) The twstees maintaingd their awareness oftheir own performan framework established in 2015 as ftilbws.. To maintain a high level of attendance at trustee meetings (1, re, and 3 Zoom meetings in 20211 and this was noted as 88%1202tk88%1. To ensure a minimum of 4 quartety meetings and this was xhieved in 2021. Due to Covid any relevant eourses for Trustees coukl nct be made available. . To confim) trustees, complk4nc¢ with its own Trustees Handbook. any requirements ofthe Almshouse Association, and regulators, The Charity Commission. This was brought up to date as required, and also through the normal process of management there was rto evidence of any non-compliance. To review the risk regi8ter annualty or more frUenty as required and this was reviewed in Iyht of the pandemic. Flnanclal revlew and reser¥es The charty had a Successful year &hiwng a surplus tefore transfws of £29,603 {2020- SLWUS of £27.237} and the outstanding loans were rèjuced by £30,870 {2020- £19,960). The Injstees prepare an annL¢al budget and the results were in line wrth the eXted results and the budget for 2022 shows the surplus being maintained and gNes assurance lo the tntstees that the charty continues lo be a going concern for the next 12 months. The charty's policy wth respect to reserve5 is to retain 12 months expendrture lexeluding deprecialionl in separate a¢¢cwnl and 2021 confim)ed that revenue expenditu and Capital repayments amounted to approximatety £40,000. At the end of the 2021 the charity had £42.053 in a separate depo5tt account to represent this resetvfr. Trustees. responslbilities in relation to the financial stat9mgnts: The trustees declare that they have approved the above trustees. report Signed on behaw of the Trustees:....... Mr M G Baker MBE Chairman Date.. 3ibk L.¥ 202Z
ST JOHN'S ALMSHOUSE CHARITIES INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ST JOHN'S ALMSHOUSE CHARITIES FOR THE YEAR ENDED 31 DECEMBER 2021 I report to the trustees on my 8xamination of the chariWs accounts of the charlty for the year ended 31 December 2021 which are set out on pages 6 to 13. Rosponslbllltlos and basi5 of report As the charity's truslees. you are responsibl8 for the pr8parat)n of the aciyyjnts in aCcrdan wtth the requirem8nts of the CharTties Act 2011 (the Act}. I report in respecl of my exarninatN)n of the challs accounts Carr J1 under section 145 of the 2011 Act and in carrying out my examinabon I have fdlow&J all the awlicable Direckns given by Ihe Charity Commission under section 14515)Ibl of the Act. Independent examlnerfs Statement I have coMeted my examinatton. I confimi that no material matters have ¢J)me to my attention in connection wtth the examinats"on, giwng me cause to believe that in any material respect.. accounting records were not kept in respect of Ihe d)arity as r8quired by section 130 of the Act. or 2. the accounls do not accord wrth those records; or 3. the accounts do not compty with the applicable requirements c#)ncemirMJ the form and content of accounts set out in the Char[tS {Accounts and Reports) Regulations 2008 other thall any requirernent thal the accounts grve a Irue and tdir vievl which is not a matter (x)nsidered as port of an independent examinatn. I have no concems and have come across no other matters in connection with the examination to whith attentson should be drawn in this report lo enable a proper understanding of the accounts to be reached. D G Croker Retired Chartered Aw)untant 5 Willow Close Brampton Huntingdon PE28 4RJ Date:
ST JOHN'S ALMSHOUSE CHARITIES STATEMEKf OF FINANCIAL ACTivrriES FOR THE YEAR ENDED 31 DECEMBER 2021 2021 Total Funds 2020 Vnrestricted Restiiet•d Endowrn•nt Funds FundJ Funds Total Fund8 Incomlng resources (Note 3) Income and •ndovmients Irom". Donations & legacies Charftable activities Bank interest receivab 5,C0 46.837 350 5,000 46,837 350 5.000 44,855 550 Total 52,187 52.187 50.405 Rfjsources expended (Note 4) Expendilurg on". Charitable activ8$ {22.584) (22.5841 123,168) Total 23.168 Net income (expendltur•l 29,603 29.603 27,237 Transfer b•twegn fvnds (680) Net movement in fvnds 28,923 29,603 27,237 Recon¢lliation of funds: Total funds brought foThMrd 867.138 6.120 2,084 875.342 848,105 T¢)tal funds carrled forward 896.061 2,IX4 904.946 875,342 The statement of financial actNities irlUdeS all gains aThJ losses recognised in the year. All income and expenditure derives from continuing actNit.
ST JOHN'S ALMSHOUSE CHARITIES BALANCE SHEEf AT 31 DECEMBER 2021 2021 Total Funds 2020 Total Funds Unrestricted Restrlctod Endovmient Funds Funds Funds Fixed aets (Not8 5) Tangible assets 88S,360 885,360 889 800 Current assets Debtors (Note 6) Cash at bank {Nole 7) 2,357 2.357 1.177 110,211 111,388 6,800 6.800 105.541 114,425 Creditors.. amounts falling due within one year (Note 8} 112,613) 112,6131 121.204} Net current assets 92,928 101.812 90,184 Total assets less current liabiliti•s: 978.288 6.800 987.172 979,984 Creditors: ounts falling due after one year {Nole 8} (82.22n {82,22n 1104.642) Total net assets 6.800 2084 904945 875.342 The funds ofthe Charity.. Endowment funds {Nole12) Restricted funds (Note13) Unrestricted funds 2.084 2,084 6.800 896,061 2,084 6,120 867,138 896,(61 Total charlty funds 875.342 The notes on pages 8 to 13 form part of these accounts Approved by the Trustee$ on and signed on their behalf by". 1 2oLT M G Baker Chaimian of Trustee$ hnson l Treasurnr Tru
ST JOHN'S ALMSHOUSE CHARITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 1 Basis of preparation 1.1 Basis of accountlng These accounts have been prepared under the hislorKal cost convention wtth iiems recnISed al Cost or transaction value. unless otheJwse slated in the relevant note5 to these acccJnls. The 8ecounts have been prepared in accordance wrth the Statement of Recrxnmended Practice." Accounting and Reporting by Charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and R4)Ubl of Ireland IFRS1021 issued on 16 July 2014 and with the Charib'es A¢1 2011. The charity has taken advantsge of the promsions in the SORP for charities apptying FRS 102 Upde bulletin 1 not lo prepa a Statement of Cash Flows. 1.2 Golng con¢em The accounts have been prepared on a going concern basis as the trustèes belEve that no material uncertainty eSts. The trustees have considered the level of funds held, and the expected levels of income and expenditure for 12 months from approving these accounts. The budgeted income arKI expenditure is suffiCnI, together with the level of reserves held for the charity to be able lo continue as a going concern. 1.3 Accounting estimates No changes to accounting esttmates have ctcurred in the repong period. 2 AoUntIng policios 2.1 Income RecOgn1th of Incon These are inclLKled in the Statement of Financial ACtleS wthen" the charity becomes entitkd to the resources". it is me likety than not that the trustees will receive the resources" and the monetary value can be measured wrth suent relhqbilty. Offsethng There has been no offsetting of assets and liabililies. or irorne and expenses, un$ required or pgrmitted by the FRS102 SORP or FRS102. Grnnts and donations Grants and donatK)ns a only included in the SOFA when the general income reLryJnrtion criteria are meL
ST JOHN'S ALMSHOUSE CHARITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 2.2 Expgndlture and Ilabllitles Uabiiity recognition Liabili(ie5 are recognised where rt is more l*ety than not that there is a legal or wnstructive obligation Comm1n9 the ¢harty to pay out resources arbd the amount of the obligation can be measured with reasonable certainty. Govemance and support costs Governance costs comprise all costs invo Publ acc4)untabilty of Ihe chanfy and its compliance th regulation and Pfactice. There are no malerial 5UPPOrt costs incurred by the charity. Deferred Income No material i(em of deferred inwme has been included in the accounts. 3 Analysls of income Restricted Income Funds 2021 Total Funds 2020 Total Funds Unrestrfded Funds Endowment Funds Donatlons & Legacleg Donations Grants Total 5.CKIO 5,000 5,C0 S,0 Charltable activities Weekiy maintenan ¢tributionS Total 46.837 46,837 44.855 46.837 46.837 Bank internst receivable In18resl Total 350 350 350 350 550 550
ST JOHN'S ALMSHOUSE CHARITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 5 Tangibb fixed assets Land and Equipm¢ Buildings Total 5.1 Cost At 1 January 2Q1 Additions Disposals At 31 t)ecember 2021 912,000 4,960 916,960 912.000 916.960 5.2 DeprlatIon and impaimlents Basis Straight line R*e 0.75% straight line 25% At 1 January 2W21 Charge for the year At 31 December 2021 22,200 4.440 26.640 4.960 27,180 4,440 31.600 4.960 5.3 Net book value 31 December 2021 31 December 2020 889.800 889,8DO Thofreehold land and buildings were valued at £912,000 on 11 January 2011 by weStY & Huff, Chartgred Surveyors. This value has been adopted as the deemed cost of the assets nCerned on transition lo FRS102. There was Th) comparable cost or deprklOn or net book value priorto the capital development cos15 incurred in 2010 and 2011. Land and buiklings inclLKles land valued in 2011 at £320,000 on which no depTeciation charge is made. 6 Analysis of debtoys 2021 2020 Weekly maintenance tribu.0nS due Prepayments 1.375 982 2.357 1.177 7 Cash at bank 2021 2020 Short temi deposits Cash at bank 42.053 70,015 41.682 68.529 110211 11
ST JOHN'S ALMSHOUSE CHARITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Analysis of crnditors Amounts falllng du# within one year Amounts falling after mor than ong ygar 2021 2020 2021 2020 Accruals Bank loan Other loans 334 11.066 9,804 10.571 77,490 4,737 82.227 98,062 6,580 104,642 The bank loan is secured on the freehdd propety. 9 Anatysls of net assets between funds Unrestrkted Re•trlcted Endovment Total fvnds lunds funds 2021 Fixed assets Current assets Current liath.lilias Credrtors due in than one year 885,360 105.541 112.6131 82 227 885,360 114.425 112,6131 82 227 6.800 2,084 10 Taxation The charity is exempt from tsx on itxome 9ain$ an(1 so no tax charges have arisen in the charty. 11 Related party transactions All trustees give of their time freety and trustee remunoralion is paKI. In the year 2021 a total of £75 was reimbursed to 1 Iee{202O- £232 reinbursed to 1 tru51ee). 12
ST JOHN'S ALMSHOUSE CHARITIES NOTES TO THE FINANCIAL STATEMEKfs FOR THE YEAR ENDED 31 DECEMBER 2021 12 Endowmentfunds These relate lo the remainder of funds when a number of charitss were eonsolidaled into this charity many years ago and comprise the folkming.. 2021 2020 The charity consisting of part appli* for purposes not educational of the St John's Hospital and Grammar SchxA Foundation Richard Fishbourne's Charity John Bardolph's Charrty Robert Cook's Chanty Thornas King's Charity Grge Raitt's Charty 750 130 544 180 180 300 300 180 180 2084 2084 750 130 13 Restricted fund This extraordinary Maintenan furKI increases each year by £680 in sewdan with the eonstilulion of the charty, lo provrde a fund for m?4or capitsl expenditu whieh may beconE payable in the future. 13