ST JQHN'S ALMSHOUSE CHARITIES TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Charlty Number: 230417 11 L'R 11 Ill
ST JOHN'S ALMSHOUSE CHARITIES Contents Page Legal & AdministratNe Infommtion Trustees Annual Report Independent Examinerfs ReFQrt statement of Financ Activibes Balance Sheot Notes to the Financial Statements 8-13
ST JOHN'S ALMSHOUSE CHARITIES LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr M G Bakei MBE C(wted Trustee- Chaimian Revd J A Randall Ex•off10 Trustee- Rector of the Parish of Hunltngdon Cllr A Blackwell Trustee nominated by Hunlingdon Tcthn COU11 Cllr S Grfford Trustee nominated by HuntirwJdon Trywn Council Mr A Butler c¢pted Trustee Mr L Button C(popled Trustee Mrs E Irving C¢>opted Trustee Mr T P Johnson FCA Cs>opled Trustee & Treasurer Mrs D Peacock C¢>opled Tru51ee Mr C Saunders cLpIed Trustee Charltable Status St John's Almshouse Charities is an unincorporated charty register1 in EnglarKI. number 230417 Principle Address The principle address of thé chanty is 27 Hartford Road. Huntingdon, Cnbridgeshire, PE29 3RE 8anker8 National Westrninster Bank pk, 92 High Street, Huntingdon. Cambridgeshire, PE29 3DT Indopondent Examln•r Mr D G Crcer Retired Chartered Accour)tant 5 Willlxi Closfj, 8r•mplon, Huntingdon, Cambr*eshiie, PE28 4RJ Solicitors HCR Hewitsons, Elgin House. Billing Ro•1. Northampton. NN1 SAU Clerk to the Trust•es Mrs B Hcmiells
ST JOHN'S ALMSHOUSE CHARITIES TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Objectivos and activities for the publ1¢ bonefft The principal object of the chanty is the provision of almshouse aCcommlation for single women who by force of circumstances and resources. are in need. Priority is given to women who reside in Hunlingdon. and it is this group of people which loms the basis of the public b8nerrt provided by the charity. The charty carrie$ out its objectives by.. maintaining the extemal and intemal features of the ewht residential h¢)uses in George Street, Hunlingdon, in a secure and habrtable slate. and advertising empty acc(ynmc4Jati¢)n to the general publc, and reviewing the condrtwjn ol Ihg propertb8S, and wing out cryital works after securing appropriate funding. The Trustees confimi that thoy have referred to the guidance contained in the Chanty Ccfflmission's general guidance on publK benefit when revwing thè Tru$Ys aims and obJ'ectNes. and in pnnIng future adNitie$. structurn. governanco and manag•m•nt The charity is an unincorporated charity managed by our Trustee Goveming Framework Manual dated 12 November 2012, and relating beck to the Charty ccrfnMii0n Scheme O¢xument dated 28 Octob•r 1969. The Irusleès mmprise 1 ex-officio Irusleé who i8 the current incumbent of the Parish of Huntingdon, 2 nominee trustees from Hunlingdon Tthvn Council and a mwmum of 9 other trustees, and any new trustees are appointed by the existing Trustees. Where there 18 a cwted Iruslee vacancy. the remaining trustees ende8vour to recruit a new Iru8tee with relevant experience, Jkills an¢J an empathy with the objects of the chanty. A8 part of their Ind[tiOn, trusl¢e$ ar¢ ywded with a copy ol the Trustee Goveming Framw•VO Manual, the Residents Handbook. and various other relevant dcKuments lo enable them to gain a full appreciation of their duties and obligations as a trustee. The Truslee Goveming Framwwork Manual contains the charity's policies for truslee induelion. risk management, investment PICY and man•Jement of surplus funds. The trustees meet on a quartety basis to re¥ the posibon and a standard agenda ks adopted lo ensure that all matters are covered. The day to day administration of prc¢ety management and residents issues is dealed to the relevant subwcommrttee. in conjunction with the Clerk to the Trustees, bul all major decisions are erther approved or ratffied at a lull trustees meeting. The sutrpcommitt&s are: Residents, sUCOMmittee.. Buiklings sUbrnrtte8,' Finance sukcrtmittee. I¢LYllinue¢l page 31
ST JOHN'S ALMSHOUSE CHARITIES TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 (continued) Strueturo. govèrnancg and managoment Icontlnued) The charity is a member of the Almshouses Association whh offers assistance. advice, guidance and encouragement to the numerous almshouse trustee blIeS lo enable them to provide surtable accommodation for people in need. The Association also represents these charities with the Charty Commission, Homes England, and the Regulator of Social HousiThJ, the Land Registry and other Govefnmenl departments. Achlevements and perfomiance Our residents continue lo IhrNe. although one. at Number 5 is n(w housebound. She has ¢arers and the other residents also support her. They ¢ontinue to Support each other, generally in emotional and practical ways. The Trustees invited the residents, plu3 a guest, to the St George's tea paty at the T¢ywn Han in May. This was well attended and enjoyed by all COnmed. There were no changes to our r8svJency in 2023 and so occupancy rthnained at 100%. The ChairTnan and Clerk made regular visits lo the residents. mostty of a social natu bul also vthen assi$lanc8 was required. The lo ensure their well4Jeing as well as to remind them th we are available lo be called on if necessary. Two of our Trustees also make regulgr visf(s of a simikgr nature. Residents rèe8ivè cards and fleT on their birthday8 and cwds at m4or festrlah induding a Sain8bury'$ vouchor al Christmas. At the erhj of 2023 there were 10 ex-officio, rK)minated and COwOPted tfustees, leaving vaca466 for new trustees. The trustees are commffted to having a Board of Trustees with varied bul complimentary skills lo benefit our residents and the charty. It is noted that Ihere is still a potential vacancy for somecffle with a lagal background in propety and human resources. The trustees maintained their awareness of their trwn performance framwwork establish in 2015 as follows.. To maintain a hvJh level of attendance at trustee me8ting8 and Ihi5 was noted * 80% (97% 20221 To ensur8 a minimum of4 quarterly meetings and thi% was achièved in 2023 To confinn truslees compliance wilh its Trustees Govemance FramvNork Manual, any requirements of the Almshouse Associatk)n. and regulatorn. The Charty Commission. This was brought up to date, as requwed, and also through the nom1 proces5 of management. There was no evidence of non- compliance. IntIn(*d on page 41
ST JOHN'S ALMSHOUSE CHARITIES TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 (continued) Flnancial review The charity had a successful year achieving a surplus b8fore transfers of £37.78912022- surplus of £5,867) and the outstandlng loans were reduced by £13.13912022 - £15,307). The trustees prepare an annu81 tHJdget and the results were not in line with the expected results, as major expenses estimated al £19.c for replacement doors and outside redecoralion, had to be deferred until 2024. so a higher than eXK)BCt8d surplus had been achieved. The bjdget for 2024 shows the sUlUS being maintained and gives assurance to the trustees that the charity continues to be a going concem for the next 12 months. During the year new designated accounts were eslablishad: ffirstty f¢X the provision of loss of in¢ome, based on 12 months loss of income. and secondty for the replacement of l)ollers in a118 properties In the years ahead. The respective balances held in these aco)unts at the year ended were £44,115 and £5125 respectively and are shown at note 8 to the accounls. Res•rv89 The trustees policy is to ensura thal the charity has sufficient reserves to protect against reductions in Incomè, unexpected increases in expenditure, and to tske advantage of new opp(xtunitlos. The reserves wll be used to support tha charity's aims and obiects'ves. and any expenditure to be drawn from the reserves will require trustaes approval, and Iwel of reserves will be ieviewed annually by the trustees. As ragards specffjc reserves. the charty will maintain a minimum of £30.000 in spe¢ific r6sorves at all tlmes. Specific reserves held at 31 December 2023 were in excess of £55.000. As regards free reserves. the charity will maintain a minimum of £10,000 in free reserves and free reserves are defined as the amount of unrestricted funds that the chanty holds above its operating costs and designated funds. Free reserves held al 31 DeCamt 2023 were in excess of £13,000.. Trustees. ro8pon8lbllltl•s In relatlon to the financlal statèments: The trustees declare that they have approved the above trustees. report. Signed on beham of the Trustees.. Mr M G Baker MBE Chaimian 23 October 2024
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 2023 I report to the trustees on my examination of the charivs acc(NJnts of the charity for the year ended 31 December 2023 which are set out on pages 6 to 13. R•8ponslbllltlés and bas1$ of r•port As the charity's trustees. you are ie5ponsible for th8 preparation of the acc%wJnts in accordance with th& requirements of the Charities Acl 2011 (the Act). I report in respect of my examination of tho charity's accounts carri8d out under section 145 of the 2011 Act and in carrying out my examinats'on I have followed all the applicable Directions given by the Charity Commission under section 145{51(b) of the Act. Independent examlner's statsmenl I have completed my examination. I confimi that no material matters have come to my attention in ¢onnection with th8 8xamination, giwng me cause lo bolieve that in any materlal respact.. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord vmh Ihose records., or 3. the accounts do not comply with the applicable requirements LX)ncemlng the form and content of accounts set out in the Charities (Accounts and Rep) Regulth'ons 2008 other than any requirement that the accounts give a .tn and fair view. which is not a matter considered as part of an independent examination. I have no ¢oncems and have come across no other matters in connection with the examlnatlon to whlch attention should be drawn in this report to enable a proper understanding of the accounts to be reached. g4 g,2Lk D G Croker Retired Chartered Accountant 5 Willow Close Brampton Huntingdon PE28 4RJ Date..
ST JOHN'S ALMSHOUSE CHARITIES STATEMENT OF FINANCIAL ACTivrriES FOR THE YEAR ENDED 31 DECEMBER 2023 2023 Total Fund• 2022 Total Ftsnds GeMrnl Fund Deslgnated Restrict•(I Funds Funds Incomlng resources (Note 2) Incom• and andowments from: Donations & legacies Charitable activities Bank int6rest receivabl8 12.500 46.573 12.500 46.573 1,957 s.000 47.339 665 1.671 Total 59.359 1.671 61,030 53,004 R•8ources exyndad (Not• 3) Expendlturo on- Chantable activities 123.241) {23,241) {47.137} Total Nat Incom• l•xpendlturo) 36.118 1.671 37.789 5,867. Transfèrs b•tw••n fund• 148.2491 47.569 680 Nel movement In funds 112.131} 49,240 37.789 5,867 Reconclllatlon of funds: Total fijnds brought forward 9J1.248 910.812 905,945 Tolal funds carrled forward 889,117 49.240 10244 948,601 910.812 The statement of financial activities includes all gains and losses recogniwj in the year. All income and expenditure derives from iJ)ntinuing activilies.
ST JOHN'S ALMSHOUSE CHARITIES BALANCE SHEEf AT 31 DECEMBER 2023 2023 Total Funds 2022 Total Funds Note General Fund Deslgnated Restricted Funds Funds Flxed assèts Tangible assets 876.480 880.920 Current assets Debtors Cash at bank 5.436 74,152 79.588 3.424 105 989 114.425 10.244 10.244 133.528 139.072 49.240 Crèdltors: amounts falling due within one year (12.795) (12,795) (13.233) Nèt current assots 66.793 49.240 126.277 96,089 Total assetsloss curront Ilabllltles: 943,273 49.240 10.244 1.(KI2.757 977.009 Credltors: amounts falling du8 after one year 154,156) (54.156) 166,1971 Total net assets 910 812 The funds of the ¢harlty.' Unrestricted funds.. General fund Deslgnaled funds Restricted funds 889.117 889.117 49,240 10,244 901,248 49.240 10.244 10,244 Total charlty funds 910812 The notes on page$ 8 to 13 fom part of these accounts Approved by Ihe Trustees on 23 2024 and signed on their behaff by: M G Baker Chalrnian of Trustees Trustee l Treasurer
ST JOHN'S ALMSHOUSE CHARITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 1 Accountlng pollcles 1.1 Ba$ls of accounllng These accounts have beon prepared under the historical cost convention with items recc>anised at cost or Irans8etion value, unless 011se stat&J in the relevant notes lo these accounts. The accounts have been prepared in accordance the Statement of Recommended Practic&.' Accounting and Reporting by Chanlies preparing their a¢ntS in accordance with the Financi Reporting Standard appliCae in the UK and RepublK of Ireland IFRS1021 issued on 18 July 2014 and with the ChaTrties Act 2011. The charity ha$ taken a(fvantage of the provisions in the SORP for chatities applying FRS 102 Update bulletin 1 not to prepare a Statement d Cash Flrms. 1.2 Funds 8tructur• Ra8tricled funds are funds whh are to used in xcordanc8 with specffic reslricti¢)n8 imposgd by the doncY or trust deed. Unrestricted funds comprise those lunds which the tTu¥lees are free to use for any purpose in furtherance of the eharitable objects. Unrestricted funds compnse the general fund. and also the dasignated fund where th8 Irustees, at their discrelitin, have created a fund for a specrfic purpose. 1.3 Golng conc•m The accounts have been prepared on a going ncern basis as tho trustees b8lieve that no material uncertainty exists. The trustees have consNJered the Ve1 of funds held, and the expected lèvels of income and expenditure for 12 months from approvirMJ these accounts. The budgeted income and expenditure 18 SLtffi¢bgnt, t¢)9glher Wbth the level of re8e(ve8 held for the charity lo b8 able to continue •$ a going concern. 1A Accountlng •stknates No changes lo accounting estimate¥ have occurred in the reporting period. 1.5 Income R•cognltlon of Income These are included in the Statement of Finan¢o1 ACtNil when: the charity becomes entilled lo the resources.. it is more likely than not that the trustees will receNe the resources,. and the monetary value can be measured wrth SUfflent reliabilrty. Offs•tdng There has been no offsetting of assets and IrabrtIeS, or income and expenses. unless required or pemrtted by the FRS102 SORP or FRS102.
ST JOHN'S ALMSHOUSE CHARITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 1.5 Income (contlnued) Grants and donatlons Grants and donations are onty incIed Ihe SOFA when the general income recognition criterfa are mel. 1.6 Expendlturn and Ilabllltl•s Llablllty recognltlon Liabilities are recconised where it is more likety than not that there is alegal or constnjctive obligation commrtting the chanty to pay out resources and the amount of the oblatIon can be measured wth reasonable certainty. Govemanc• and support costs Governance costs comprise all costs invofving public accountabilty of the charity and its complian with regulation and practice. There are no material support Costs incUed by the charity. D•f•rr•d Incom• No material item of deferred in¢oma has be8n included the accounts. 2 Analysls of Incom• 2023 Total Funds 2022 Total Funds G•n•ral Funds Deslgnatsd R•strlct•d Funds Funds Donatlon$ & Legacles Donations Granls Totsl 12.500 12.500 12.500 12,500 5,000 5,000 Charltsblo actlvltles Weakly maintenance c¥)ntrlbutions Tolal 46.573 46.573 46,573 46,573 47,339 47,339 Bank Interest rnc•lvabl Interest Total 1,671 1,671 1,957 1,957 665 665 286
ST JOHN'S ALMSHOUSE CHARITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 3 Analysls of axpenditur• 2023 Total Funds 2022 Total Funds Unrestricted Income Endowmont Funds Funds Funds Expendlture on charltabla actlvltles Propeity expenseg: Repairs and maintenance Gas boiler mainlenance Boiler replacements Insurance Depreciation Legal & professional costs Intèrest and flnanco costs: Charity Bank Hinchingbrooke Foundation Rgsldgnts cosls: Television licences Residents support 6.645 1,154 6,645 1,154 3,730 3.325 22.400 1330 4,440 2.230 1.428 4.440 822 1,428 4,440 822 4,705 19 4,705 19 5,429 120 37 401 37 401 30 593 Gov?rnance cost• Meeting expenses Subscriptions Postage and stationery Training & travel expenses Miscellaneous expenses Clerk's fees 40 231 115 40 231 115 40 222 105 18 3.120 3,590 18 23 3.590 3.440 Total ¢harflable actlvltles 23.241 23241 47,137
ST JOHN'S ALMSHOUSE CHARITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 4 Tanglble flxed assets Land and Equlpment Bulldlngs Total 4.1 Cost At 1 January 2023 Addf(ions Disposals At 31 December 2023 912.000 4,960 916.960 912.000 916,960 4.2 Dèprnclatlon and Impalnnents Basis Straight linè Rate 0.75% Straight line 25% At 1 January 2023 Charge for the year At 31 December 2023 31,080 4,440 4,960 27,160 4,440 4.3 Nèt book value 31 December 2023 31 DMbr 2022 880,920 880,920 The freehold land and buildings were valued al £912.000 on 11 January 2011 by Westley & Huff. Chartered Surveyors. This value has been adopted as the deemed cost of the assets concemed on transition to FRS102. There was no comparable cost or depreciation or net book value prior to the capital development costs incurred in 2010 and 2011. Land and buiklings indudes land valued in 2011 at £320.OC¥J on which no depreciation charge is made. 5 Analysls of dobtors 2023 2022 Weekty maintenance contrItiOnS due Grants receivabla Prepayments and accrued InMe 1,614 2.500 1,430 2.041 1,383 3,424 6 Cash at bank 2023 2022 General fund- current account General fvnd- business reserve account Designated fund (Inme protects"on} deposit ac(xxJnt Designated fund (Boiler replacement) deposit ac(nI 33,602 50.794 44.036 5.096 133.528 62,822 507 42,569 105,898 11
ST JOHN'S ALMSHOUSE CHARITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 7 Analysls of credltors Amounts falling du• within one year Amounts falling aft•r more than one year 2023 2022 2023 2022 Creditors and accruals Bank loan Other loans 755 12.040 95 11.294 54.'156 66,197 The bank loan is secured on th8 freehold property. 8 D•slgnat8d funds Incom• ProtO¢tlon Boller R•pl Total 881ance 1 January 2023 Interest Transfers during the year Balance 310ecember 2023 1.545 125 000 1,670 9 R•strlctod fund• Pernia- nent 4)rdlnary Endow- Malnt•nanco Ment Total Balance 1 January 2023 Interest Transfer during the year Balance 31 December 2023 7.480 2.084 680 680 2 084 10 244 Further details regarding these Iwo funds are shown at Notes 13 & 14 respectively 12
ST JOHN'S ALMSHOUSE CHARITIES NOTES TO THE FINANCIAL S7ATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 10 Analysls of net assets betWOon funds G•noral nd Designat Endowm•nt Total funds funds 2023 Fixed assets Current assets Current liabilities Credrtors duè In more than one year 876.480 79.588 (12,795} 876,480 139,072 (12.795} 49.240 10.244 948 601 11 Taxatlon The charity is exempt from tax on income and gains and so no tax tharges have arisen in the charity. 12 Rolatad party transactlon8 All trustees give of their lime freely and no trustee remunerath)n is paid. In the year 2023 8 total of £109 was reimbursed lo 2 trust88512022 - £23 relmbur*J lo 1 trustee). 13 Endowment funds These relate to the remainder of funds vthen a number of¢hariltes were consolidated into this charity many years ago and comprise the following: 2023 2022 The charity consisting of part applicabte for purposes not educational of the Sl John's Hospital and Gr8mmar School Foundat Richard Fishboume's Chanty John Bardolph's Chanty Robert Cook's Charity Thomas King's Charity George Raitt's Charity 750 130 544 180 180 300 300 180 180 2084 2084 750 130 14 Reslvlcted fund This exlraordinary maintenance lund incTea5es each year by £680 in accordance wth the Tnjslee Goveming Framework Manual of the charity, to provwje a fund for major capital expenditllre which may become payable in the ftrture. 13