ST JOHN'S ALMSHOUSE CHARITIES TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Charity Number: 230417
ST JOHN'S ALMSHOUSE CHARITIES Contents Page Logal & Admintstrative Inforrnalion Trustees Annual Report Independent Examinels Report Statement of Financial Activities Balance Sheet Notes to the Finanryal Statements 8-13
ST JOHN'S ALMSHOUSE CHARITIES LEGAL AND ADMINISTRATIVE INFORMATION Trustee$ Mr M G Baker MBE Co•OPted Trustee- Chainnan Revd J A Randall Ex4)fficio Trustee- Rector of the Parish of Hunlingdon Cllr A Blackwell Trustee nominated by Huntingdon Town Council Cllr S Gifford Trustee nominated by Huntingdon Town Council Mr A Butler Co-opted Trustee Mr L Button Co-opted Trustee Mrs E Irving Co-opted Trustee Mr T P Johnson FCA Co-opted Trustee & Treasurer Mrs D Peacock CopIed Tnjstee Mr C Saunders CopIed Trustee Charitable Status St John's Almshouse charit is an unincorporated charity registered in England, number 230417 Princlple Address The principle add8$ of the charity 1$ 27 Hartford Road, Huntingdon, Cambridgeshire, PE29 3RE Bankers National Westminster Bank plc. 92 HNJh Street. Huntingdon. Cambridgeshire, PE29 3DT Independent Examiner Mr D G Croker Retired Chartered Accountant 5 Willow Close, Bramplon, Hunlingdon, Cambridgeshire. PE28 4RJ Solicitors Hewitsons, 7 Spencer Parade, Northamplon. NN1 SAB Clerk to the Trustees Mrs B Howells
ST JOHN'S ALMSHOUSE CHARITIES TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 Objectives and activltle$ for the publi¢ benefrt The principal object of the chaTTty is the provision of almshouse accommodation for single women who by for of circumstan$ and resours, are in need. Priority is given lo women who reside in Huntingdon, and it is this group of people which foThs the basis of the public benefit provhled by Ihe charity. The charity carries out its objeclives by.. maintaining the extemal and inlemal features of the eight residential houses in George StreeL Huntingdon. in a secure and habitable stale, and advertising empty accommodation to the general public. and reviewing the condition of the properties. and Carrying out capilal works after securing appropriate funding. The Trustees confimi that they have referred to the guidance (x)ntained in the Charity Commission's general guidance on public benefit when reviewing the Trust's airns and objectives, and in planning future activities. strUCre. governan¢e and managomont The charity is an unincorporated tharity managed by our Tnjstee Goveming Framework Manual dated 12 November 2012, and relating back lo the Charity Commissioll Scheme Document dated 28 October 1969. The trustees comprise 1 ex-officio Iruslee who is Ihe current incumbent of the Parish of Hunlingdon, 2 nominee trustees from Huntingdon Town Council and a maximum of 9 other trustees. and any new trustees are appointed by the existsng Trustees. Where there is a co-opted Iruslee vacancy, the remaining trustees endeavour lo recruit a new tnjstee wth relevant experience, skills and an empathy wtth the objects of the charity- As part of their induction, new trustees are provided with a copy of the Tnjstee Goveming Framework Manual, the Residents Handbook. and various other relevant documents lo enable them to gain a full appreciation of their duties and obligations as a trustee. The Tfustee Governing Framewofk Manual contains the charity's polieS for trustee induction, risk management. investment policy and management of surplus funds. The trustees rneel on a quarterfy basis lo review the p0SOn and a standard agenda is adopted to ensure that all matters are covered. The day lo day administration of propety management and residents issues is delegated to the relevant sub-committee. in conjunction with the Clerk to the Trustees. all majof decisions are either approved or ratified al a full Iruslees meeting. The sub-commtttees are= Residents, sub<ommittee- Buildings sUCOMmIttee., Finance sub<ommitlee. IGontinued on page 31
ST JOHN'S ALMSHOUSE CHARITIES TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 (Continuedl structure. govemance and management (continued) The charity is a member of the Almshouses Assoryation which offers assistance, advice, guidance and encouragement to the numerous almshouse truslee bodies to enable them to provide suitable accommodation for people in need. The Association also represents these charities with the Charity Commission. Homes England, and the Regulator of Soryal Housing, the Land Registry and other Government departments. Achlevements and performance Residents: Our residents continue lo thrive and support one another, both in practical and emotional ways. Two of our residents continue lo have a few vistts to hospital during the year but both a now well and at home. One of these residents does have mobility iSSLtes but can still manage in her own home, albeit she is now housebound. Another of our residents, who is very actrve. is awaFbng a heart operation early next year. The Trustees invited the residents. plus a guest. to aftemoon tea at The George in Huntingdon in May and this was well attended and enjoyed by all. There were no changes lo our residency over the year and so occupation remains al 100Dh. The Chairman and Clerk have made regular visits lo the occupants, these a mostly of a so¢tal nature and also when requests were made for assistance. The visits are to ensure their well-being and reminding them that we are available lo be called on, rf lleeded. Two of our Trustees also make regular visits of a simi18r nature. Residents r7Ve cards and flowers on their birthdays and (xrds at major festNals including a Sainsbury's voucher al Christmas. At the end of 2022 there were 10 ex-officio. nominated and o)-opled trustees, leaving 2 vacancies for new trustees and the trustees are committed to having a Board of Twstees with varied but complimentary skills lo benefit our Sidents and the charily.11 is not that there is still a potential vacancy for someone with a legal background in property and human resources. The trustees maintained their awareness of their own performance framework established in 2015 as follows.. To mainlain a high level of attendan at tnjslee meetings and this was noted as 97Yo1202148%)- . To ensure 8 rninimurn of 4 quarterty meetings and this was achieved in 2022. . To confirni trustees, compliance with its own Trustees G0Veman Framework Manual, any requirements of the Almshouse Association, and regulators, The Charity Commission. This w8s brought up to dale 8s required, and also through the normal prOs5 of management there was no eVKIen of any non- compllance. IGontinyed p•Je41
ST JOHN'S ALMSHOUSE CHARITIES TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 (contlnuedl Financial review and resgrvos The charity had a successful year achieving a surplus before transfers of £5,86712021- Surplus of £29,603) and the outstanding loans were reduced by £15.307 {2021- £30,870). The trustees prepare an annual budget and the results were not in line with the expected results, as a major expense of £22,400 had been incurred in replacing the gas boilers in all eight houses. Desprte this 8 surplus was achieved in the year as shown above. The budget for 2023 shows the surplus being mainl8ined and gives assuran to the trustees that the chanty continues lo be a going COnM for the next 12 months. The charity's policy with respect lo reserves rs lo relain 12 months expendlture {excluding depreciation) in separate account and 2022 confirnied that revenue expenditure and c8pi181 repayments. amounted to approximately £40,(100. Al the end of the 2022 the charity had £42,569 in a separate deposit account to represent this reserve. Trustees, responslbllltles in relation to the financial ststements: The trustees declare Ih8t they have approved the above trustees. report. Signed on behalf of the TTuslees= Mr M G Baker MBE Chaimian Date..
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 2022 I report to the trustees on my examinalion of the charity's accounts of the charity for the year ended 31 December 2022 which are set out on pages 6 to 13. Re$pon$ibilities and basls of report As the charity's ITuslees. you are responsible for the preparation of the a¢Unts in accordance wtth the requirements of the Charities Act 2011 (the Act). I report in respect of my examination of the charity's accounts carTied out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions gNen by the Charity Commission under section 14515}Ib) of the Act. Independent examlnef $ $tstement I have completed my examination. I confimi that no material matters have come lo my attention in connection with the examination, giving me cause to believe that in any material respect.. accounting records were not kept In respect of the charity as required by secknon 130 of the Act,. or 2. the accounts do not accL)rd with those records.. or 3. the accounts do not comply with the applicable requirements conceming the form and content of accounts sel out in the Charities IAc£ounls and Reports> Regulations 2008 other than any requirement that the accounts give a Irue and fair view, which i% not a matter considered as part of an independent examinalion. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report lo enable a proper understanding of the accounts to be reached. D G Croker Retired Charter&J Accountsnl 5 Willow Close Bfamplon Hunlingdon PE28 4RJ Date.. Ig 4,."
ST JOHN'S ALMSHOUSE CHARITIES STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022 2022 Total Funds 2021 Totsl Funds Unr•8trlcted Restrlcted Endowmont Funds Funds Funds Incomlng reSoUrS (Nots 3) Income and endovmients from: Donations & legacies Charitable activities Bank interest reIvable 5.000 47,339 665 5,000 47,339 665 5,000 46,837 350 Total 53,004 53,004 52,187 Resources expended {Note 41 Expenditure on: Charitable aclivilies 147.137) {47,137) 122.5841 Total 47137 22.584 Net income (expendlture) 5,867 5,867 29,603 Transfer between fvnds (680) 680 Net movement in funds 5.187 680 5,867 29,603 Reconciliation of funds.. Total funds brought foard 896.061 6,800 2,084 904,945 875,342 Totsl funds carrled forward 901,248 7N80 2,084 910,812 904,945 The statement of financial activities includ&s all gains and losses recognised in the year. All income and expenditure derives from continuing actNities.
ST JOHN'S ALMSHOUSE CHARITIES BALANCE SHEET AT 31 DECEMBER 2022 2022 Totsl Funds 2021 Totsl Funds Unrestricted Restrlcted Endovnnent Funds Funds Funds Fixed assets (Not• 51 Tangible assets 880,920 880.920 885,360 Current assets Debtor$ (Note 61 Cash at bank (Note 7) 3,424 96,334 99,758 3.424 105.898 109,322 2,357 112,068 114,425 7.480 7.480 2.084 2,084 crltOrs. amounts falllng due wrthin one year (Nole 81 (13,233) {13,233) (12.6131 Net current assets 86,525 7.480 2,084 96,089 101,812 Total a$$ets less current Ilabilities: 967.445 7.480 2,084 977,009 987,172 Credltors: 8mounts falling due after one year (Note 81 166.197) {66,197) (82,2271 Total ngt assets 7,480 910 812 The funds of the charlty.. Endowment funds {Nole12) Restricted funds INote13) Unrestricted funds 2.084 2,084 7,480 901,248 2,084 6,800 896,061 7,480 901.248 Total ¢harlty funds 901,248 7.480 910 812 904,945 The notes on pages 8 to 13 fom part of these accounts Approved by the Trustees on and signed on their behalf by= ILTr JtsL1 M G Baker Chairman of Trustees T P Johnson Trusteg l Troasurer
ST JOHN'S ALMSHOUSE CHARITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Ba$is of prgparation 1.1 Basis of accountlng These accounts have been prepared under the hislorical cost convention with ilems recognised at cost or transaction value. unless otheise sta in the relevant notes to these accounts. The accounts have been prepaTed in accordan with the Statement of Recommended Practi.. Accounting and Reportiro by Charilies preparing their accounls in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS1021 issued on 16 July 2014 and with the Charities Act 2011. The charlty has laken advantage of the provisions in the SORP for charities applying FRS 102 Update bvllelin 1 not lo prepare a Statement of Cash Flows. 1.2 Going concern The accounts have been prepared on a going concem basis as the trustees lIeVe that no material uncertainty exists. 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 and expenditure is sufficient, together with the level of reserves held for the charity lo be able lo continue as a going concem. 1.3 Accounting estimates No Changes lo accounting eslimates have occuffed in the reporting period. 2 A¢counting policies 2.1 Income Recognltion of Income These are induded in the Statement of Financi81 Activtlies when: the ch8rtty becomes entitled to the resoUrS., it is more likely Ihan not that the trustees will recetve the resources.. and the monetary value can be measured with sufficient reliability. offseth.ng There has been no offsetting of assets and liabilities. or income and expenses, unless required or pemiitted by the FRS102 SORP or FRSIO2. Grants and donations Grants and donations are only induded in the SOFA vthen the general income recognition criteria ar8 met.
ST JOHN'S ALMSHOUSE CHARITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 22 Expendlture and liabilities Liablllty recognition Liabilities are recognised where rt is more likely than not that the is a legal or conslruclive obligation committing the charity lo pay out resources and the amount of the obligation can be measured with reasonable certainty. Govemance andsupport costs Governance costs comprise all costs involving public accountsbilily of the charity and ils compliance with regulation and practi. There are no material support costs incurred by thB charity. Deferred income No material ttem of deferred income has been included in the accounts. 3 Analysis of income Restricted Income Funds 2022 Total Funds 2021 Total Funds Unre5tTirted Funds Endowment Funds DOnaOn$ & Legacies Donations Grants Total 5,000 5.000 5,000 5,000 S.OOD 5.000 Charitable actlvltles Weekly maintenan contributions Total 47.339 47,339 46,837 47.339 47,339 46,837 Bank interest receivable Interest Total 665 665 665 665 350 350
ST JOHN'S ALMSHOUSE CHARITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 4 Analysis of expendlture Rgstrtcted Income Funds 2022 Total Funds 2021 Total Funds UnrestriGted Funds Endi)wment Funds Expenditure on charltsble activities Property expenses: Repairs and maintenance Gas boiler maintenanc Boiler replacements Insurance Depreciation Legal & professional costs Interest and finance Costs: Charity Bank Hinchingbrooke Foundation Residents costs: Television licences Residents support 3.730 3.325 22.400 1,330 4.440 2.230 3,730 3.325 22.400 1.330 4.440 2.230 2,085 3,978 1330 4,440 5.429 120 5,429 120 6,745 309 30 593 43.627 30 593 52 205 19,144 Governance costs Meeting expenses Subscriptions Postage and stationery Training & travel expenses Miscellaneous expenses Clerk's fees 40 222 105 40 222 105 217 67 23 3,120 3,510 23 3,120 3,510 36 3,120 3,440 Total charltable a¢tivities 47,137 47.137 22.584 10
ST JOHN'S ALMSHOUSE CHARITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 S Tangible fixed assets Land and Equlpment Bulldlngs Total 5.1 Cost At 1 January 2022 Addrtions DisKyJsals At 31 December 2022 912,0(K) 4,960 916.960 912.000 4.960 916,960 5.2 Depreclatlon and Impalmients Basis Straight line 0.75% Straighl line 25% At 1 January 2022 Charge for the year At 31 Decemt*r 2022 26.640 4.440 31,080 4.960 31,600 4,440 36,040 4,960 5.3 Net book value 31 Decemb&r 2022 880,920 880.920 31 Dember 2021 885.360 885.360 The freetrK)Id land and buildings wete valued at£912.000 on 11 January2011 by Westley & Huff. Chartered Surveyots. This value has been adopted as the deemed (x)st of the assets nCerned on transilion lo FRS102. There was no mparable o)sl or deweciation or net trKx)k value prForto the capital development costs incurred in 2010 and 2011. Land and buikdings indudes land Valu in 2011 at £320.000 on which no depreciation charge is made. 6 Analysls of debtors 2022 2021 Weekly maintenance contributions due Prepayments and accrued income 2.041 1.383 3.424 1.375 982 2,357 7 Cash at bank 2022 2020 Short temi deposits Cash al bank 42,569 63.329 105.898 42,053 70,015 112,068 11
ST JOHN'S ALMSHOUSE CHARITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 8 Analysis of creditors Amounts falling due within one year Amounts falling aftèr morn than one year 2022 2021 2022 2021 Accruals Bank loan Other loans 95 11",294 1,844 198 10,S71 66.197 77,490 4,737 The bank loan is secured on the freehold property. 9 Analysls of net ass¢ts tween funds Unrèstriet•d funds Restrlcted funds Endowment Total funds 2022 Fixed assets Current assets Current liabilities Creditors due in more Ihan one year 880,920 99,758 113,233) 880,920 109,322 113,2331 7.480 2,084 910 812 10 Taxatlon The charity is exempt from tax on income and gains and so no lax charges have arisen in the charity. 11 Related party transactions All truslees give of Iheir time freely and no Irustee remuneration is paid. In the year 2022 a lotal of £23 was reimbursed to 1 Iruslee12021- £75 reirnbursed to 1 trusteel. 12
ST JOHN'S ALMSHOUSE CHARITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 12 Endowment funds These relate to the remainder of funds when a number of charitEs were consolidated into this Charity many years ago and comprise the following.. 2023 2021 The charity consisting of part applicable for PLtrposes not edu¢alional of the St John's Hospital and Grammar School Foundation Richard Fishbourne's Charity John Bardolph's Charrty Robert Cook's Chanty Thomas King's Charity George Raitt's Charity 750 130 750 130 544 180 180 300 300 180 180 2084 2084 13 Restricted fund This extraordinary maintenance fund IeaseS each year by £680 in acGordanrE with the Trustee Governing Framework Manual of the charity, to provide a fund for major capital expenditure which may become payable in the future. 13