YORKSHIRE MINERS' WELFARE CONVALESCENT HOMES
STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2021 REGISTERED CHARITY NUMBER 230638
YORKSHIRE MINERS' WELFARE CONVALESCENT HOMES
INDEX TO THE FINANCIAL STATEMENTS
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|PAGE|
|Legal|and|Administrative|Details|1|
|Report|of the|Independent|Examiner|2|
|Statement|of|Financial|Activities|3|
|Balance|Sheet|4|
|Notes|to|the|Financial|Statements|5-9|
|Report|of the|Trustees|10-14|
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YORKSHIRE MINERS’ WELFARE CONVALESCENT HOMES LEGAL AND ADMINISTRATIVE DETAILS
| ; | Charity Number | 230638 | |
|---|---|---|---|
| Governing Instrument | Trust Deed dated | 25 July2000 | |
| Trustees | D Brewer | ||
| Reverend Canon | |||
| M Gillespie (Resigned 9/3/2021) | |||
| Reverend Father | D Percival | ||
| D Pickering | |||
| Carpenter | |||
| JM Saul | |||
| D Coupland | |||
| M Whittaker (Appointed 25/7/2021) | |||
| Trust Objectives | The provision ofconvalescence facilities in one ormore convalescenthomes | ||
| forthe benefit ofpersons who are orhave been employed in the area ofthe | |||
| Charity either in or allied to the coal industryand to theirspouses and | |||
| dependants. The | provision ofconvalescence facilites shall include the care | ||
| and maintenance | ofthe beneficiaries in convalescent homes whetheror not | ||
| . | such homes are owned orleased bythe charity. | ||
| Secretary | RO'Toole | ||
| The Old Rectory | |||
| Rectory Drive | |||
| Whiston | |||
| ROTHERHAM | |||
| S60 4JG | |||
| Bankers | CAF Bank Ltd | ||
| 25 Kings Hill Avenue | |||
| West Malling | |||
| Kent | |||
| ME194JQ | |||
| independent Examiner | J Wallage FCA | ||
| CISWO (Trading) | Ltd | ||
| The Old Rectory | |||
| Rectory Drive | |||
| Whiston | |||
| ROTHERHAM | |||
| $60 4JG | |||
| Investment Advisors | Rathbones | ||
| Eari GreyHouse | |||
| 75 - 85 Grey Street | |||
| Newcastle Upon Tyne | |||
| NE16EF |
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF YORKSHIRE MINERS WELFARE CONVALESCENT HOMES
FOR THE YEAR ENDED 31 DECEMBER 2021
| report to the trustees on my examination of the accounts of the above named charity (registered number 230638) for the period ended 31 December 2021, set out on pages 3 to 9.
Responsibilities and basis of report
As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20114 (the Act).
| report in respect of my examination of the Trustees‘ accounts carried out under section 145 of the 2011 Act and in carrying out my examination | have followed all applicable Directons given by the Charity Commission under section 145(5)(b) of the 2011 Act.
independent Examiners Statement | have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect;
(1) 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 with those records; or
(3) the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.
| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ;
J Wallage FCA Chartered Accountant
A ANGeST.. 2022 Date
On behalf of CISWO (Trading) Ltd The Old Rectory Rectory Drive Whiston Rotherham S60 4JG
YORKSHIRE MINERS WELFARE CONVALESCENT HOMES
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2021
| Unrestricted | Endowment | ||||
|---|---|---|---|---|---|
| Note | Funds | Funds | 2021 | 2020 | |
| £ | £ | £ | £ | ||
| Income and Endowments | |||||
| VoluntaryIncome | |||||
| Donations | 3 | 1,153 | - | 1,153 | 6,211 |
| investment Income | |||||
| Bank - ShortTerm Deposit Interest | 1 | - | 1 | 14 | |
| Investment Income Incoming Resources from Charitable Activities |
4 | 19,721 | §,625 | 25,346 | 25,417 |
| Lynwood Convalescent Home | 5 | 38,481 | - | 38,481 | 17,073 |
| YMWCH Trading Ltd GiftAid | 6 | - | - | - | 818 |
| Other Income | |||||
| Local Government Business Interuption Grant | 17,717 | - | 17,717 | 10,000 | |
| Job Retention Scheme Grants | 40,941 | - | 40,941 | 64,417 | |
| Total Income | 118,014 | 5,625 | 123,639 | 123,950 | |
| Expenditure | |||||
| Charitable Expenditure | |||||
| Lynwood Convalescent Home | 5 | 204,320 | - | 204,320 | 210,354 |
| Administration Expenses | 7 | 71,818 | - | 71,818 | 67,702 |
| Governance Costs | |||||
| Govemance | 8 | 2,310 | - | 2,310 | 2,010 |
| Investment Managers Fees | 8,848 | - | 8,848 | 8,490 | |
| Total Expenditure | 287,296 | - | 287,296 | 288,556 | |
| Net(Expenditure) before Investments | (169,282) | 5,625 | (163,657) | (164,606) | |
| Netgains/(losses) on investments | 79,501 | 36,426 | 115,927 | (26,766) | |
| Net income/(Expenditure) | (89,781) | 42,051 | (47,730) | (191,372) | |
| Transfers between funds | 5,625 | (5,625) | - | - | |
| NetMovement in Funds | (84,156) | 36,426 | (47,730) | (191,372) | |
| Total Funds Brought Forward as at 1 January2021 | 1,395,518 | 395,918 | 1,791,436 | 1,982,808 | |
| TotalFundsCarriedForwardasat31December2021 | 1,311,362 | 432,344 | 1,743,706 | 1,791,436 |
YORKSHIRE MINERS' WELFARE CONVALESCENT HOMES
BALANCE SHEET AS AT 31ST DECEMBER 2021
| Note | 2021 | 2020 | ||
|---|---|---|---|---|
| £ | £ | £ | ||
| Fixed assets | ||||
| Tangible FixedAssets Investments |
10 11 |
548,386 1,155,084 |
559,578 1,156,025 |
|
| Total fixed assets | 1,703,470 | 1,715,603 | ||
| Current assets | ||||
| Stock | 12 | 739 | 2,147 | |
| Debtors and prepayments | 13 | 12,128 | 4,444 | |
| Cash at Bank and in hand | 14 | 48,312 | 80,687 | |
| Total current assets | 61,179 | 87,278 | ||
| Creditors amounts falling due within oneyear | 15 | (20,943) | (11,445) | |
| Netcurrent assets | 40,236 | 75,833 | ||
| Net assets | 1,743,706 | 1,791,436 | ||
| Funds | ||||
| Unrestricted Funds | 1,311,362 | 1,395,518 | ||
| Permanent Endowment | 432,344 | 395,918 | ||
| Totalfunds | 1,743,706 | 1,791,436 |
The Financial Statements were approved at a meeting of Trustees on “Y DisMe 2022.
and signed on their behalf by:
el URE Signed (Trustée)
vere nBRE WER on Print Name (Trustee)
YORKSHIRE MINERS' WELFARE CONVALESCENT HOMES NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2021
Note 1 - Accounting Policies
- a) Basis of preparation and assessment of going concern
The financial statements have been prepared under the historical cost convention unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (FRS102) and the Financial Reporting Standard (FRS102) and the Charities Act 2011.
The trustees consider that there are no material uncertainties about the Trust's ability to continue as a going concern. The trustees have a reasonable expectation that the Trust has adequate reserves to continue in operational existence for the foreseeable future. Accordingly the trustees continue to adopt the going concern basis in the preparation of its accounts.
b) Income Recognition Income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Donations (including gift aid reclaimable thereon) are recognised when they are received.
Investment income is recognised when receivable
Income arising from the permanent endowment is unrestricted.
c) Expenditure recognition Liabilities are recognised as expenditure as soon as there Is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis.
d) Investments investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluations and disposals throughout the year.
e) Tangible Fixed Assets and Depreciation
The property has been capitalised and included at Its historical cost. Depreciation is provided on a reducing balance basis to write off the cost over its useful economic life. The property is depreciated at 2% per annum. Equipment, furniture and fittings are dealt with on a renewals basis and charged to the statement of financial activities as incurred.
Note 2 - Taxation
The Trust is a registered charity and accordingly is exempt from taxation on its income and gains where they are applied for charitable purposes.
| 2021 | 2020 | 2020 | |
|---|---|---|---|
| £ | £ | ||
| Note 3 - Donations | |||
| Donation - Beneficiaries | 633 | 175 | |
| Donation - Beneficiary Fundraising | 520 | 1,036 | |
| Donation - South Kirkbyand Hemsworth Miners Welfare Fund | - | 5,000 | |
| root | Fee | rere |
YORKSHIRE MINERS' WELFARE CONVALESCENT HOMES
NOTES TO THE ACCOUNTS - 31ST DECEMBER 2021
| 2021 | 2020 | |||
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Note 4 - Investment income | ||||
| income from unrestricted funds | 19,721 | 20,396 | ||
| Income from endowmentfunds | 5,625 | §,021 | ||
| 25,346 SSS |
25,417 fr —er—rrvanarsarenunnenel |
|||
| Note 5 - Lynwood Home Income and Expenditure | ||||
| Additional convalescence for postbeneficiaries Convalescent break booking fees |
19,490 17,840 |
8,215 7,725 |
||
| 37,330 | 15,940 | |||
| Less: cost of sales | ||||
| Opening food stock | 642 | 384 | ||
| Add: Food costs | 9,640 | 5,677 | ||
| 10,282 | 6,061 | |||
| Less: Closing food stock | (405) | (642) | ||
| (9,877) | (5,419) | |||
| Gross Profit | 27,453 | 10,521 | ||
| Other income | ||||
| Yorkshire Miners Welfare Trust Fund Grant | - | ~ | ||
| Board and Lodgings | 1,151 | 1,133 | ||
| 1,151 | 1,133 | |||
| Carriedforward | 28,604 | 11,654 |
YORKSHIRE MINERS' WELFARE CONVALESCENT HOMES NOTES TO THE ACCOUNTS - 31ST DECEMBER 2021
Note 5 - Lynwood Home Income and Expenditure continued
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|---|---|---|---|---|---|---|---|
|2021|2020|
|£|£|£|£|
|Brought forward|28,604|11,654|
|Less:|Expenses|
|Domestic|and|Establishment|
|Property|repairs|3,160|1,871|
|Furniture|Repairs|-|188|
|Purchase|and|maintenance|of equipment|5,380|4,272|
|Bedding|&|household|linen|-|-|
|Lighting|and|heating|11,619|9,783|
|Printing,|postage|and|stationery|451|203|
|Laundry|900|1,055|
|Cleaning|(including|opening|&|closing|stock)|4,933|1,252|
|Uniforms|-|546|
|Telephone|1,084|901|.|
|Other expenses|
|Salaries|and wages|124,563|135,556|
|Rates,|water and|insurance|11,066|8,810|
|Garden|maintenance|10|-|
|Travel|expenses|6|101|
|Entertainment|1,191|2,496|
|Beneficiaries|coach|hire|and|taxis|17,100|21,450|
|Tinsel|&|Turkey|Expenses|343|-|
|Depreciation|11,192|11,420|
|Professional|Fees|195|-|
|Sundry|expenses|1,250|388|
|Project|costs|
|Property project|winter 2019/20|-|4,643|
|Property|project winter 2020/21|-|-|
|(494,443)|(204,935)|
|Net loss for Lynwood Home|(165,839)|(193,281)|
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Note 6 - YMWCH Trading Ltd
YMWCH Trading Ltd (a company limited by guarantee), whose directors are also trustees of the charity, transfer any net profit to the charity under gift aid at the end of each financial year. The net profit gift aided to the charity in 2021 was nil (2020 £818)
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|---|---|---|---|---|---|---|---|
|2021|2020|
|Note|7|-|Direct|charitable|administration|£|£|
|Grant|to CISWO|52,530|51,250|
|Salaries|11,504|11,063|
|Postage|1,563|303|
|Printing|&|Stationery|590|236|
|Accommodation|4,156|4,155|
|Sundry Expenses|1,002|498|
|Travelling|345|137|
|Bank|Charges|128|60|
|71,818|67,702|
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YORKSHIRE MINERS’ WELFARE CONVALESCENT HOMES
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Note 8 - Governance costs | ||
| Accountancy Fees | 1,697 | 1,656 |
| Trustees Meetings/Expenses/Indemnity Ins | 613 | 354 |
| 2,310 | 2,010 |
Note 9 - Trustee costs and expenses paid
No Trustee received remuneration in 2021 or 2020. There were four full Trustee meetings during the year at a total cost of £184 (2020 : £168) The annual cost of the Trust's indemnity policy was £429 (2020 : £186).
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Note 10 - Fixed assets | ||
| Lynwood ConvalescentHome - | ||
| Cost broughtforward at 1stJanuary | 750,000 | 750,000 |
| Additions in year | - | - |
| Disposals in year | - | - |
| Cost carried forward at 31st December | 750,000 | 750,000 |
| Depreciation broughtforward at 1stJanuary | 190,422 | 179,002 |
| Charge for Period | 11,192 | 11,420 |
| Depreciation carried forward at 31st December | 201,614 | 190,422 |
| Net BookValue 31stDecember | 548,386 | 559,578 |
| Note 11 - Investments | ||
| Market value as at 1 January | 1,156,025 | 1,348,801 |
| Additions at cost | 18,912 | 130,866 |
| Disposal proceeds Netinvestmentgain/(loss) |
(135,780) 115,927 |
(296,876) (26,766) |
| 1,155,084 | 1,156,025 | |
| Note 12 - Stock | ||
| Food | 405 | 642 |
| Cleaning | 334 | 1,505 |
| 739 | 2,147 | |
| Note 13 - Debtors | ||
| YMWCH Trading Ltd Prepayments |
8,764 2,608 |
2,160 1,684 |
| Accued Income and other debtors | 756 | 600 |
| 12,128 | 4,444 |
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YORKSHIRE MINERS' WELFARE CONVALESCENT HOMES
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Note 14 - Cash at bank and in hand | ||
| CAF Cash GoldAccount | 5,102 | 11,262 |
| CAF Cash CurrentAccount | 5,000 | §,000 |
| Rathbones - Capital CashAccount | 37,810 | 63,772 |
| Admin PettyCash | 17 | 153 |
| Lynwood PettyCash | 283 | 400 |
| Activity Float | 100 | 100 |
| 48,312 | 80,687 | |
| Note 15 - Creditors Amounts falling due within one year | ||
| Trade Creditors | 10,873 | 6,223 |
| Accruals and other creditors | 5,090 | §,222 |
| Convalescence Contributions received in advance | 4,980 | - |
| 20,943 | 11,445 |
Note 16 - Funds
The Unrestricted Funds comprise the investments,tangible fixed assets and current assets. The assets held are valued at market value. The Unrestricted Fund is not restricted in its application and income can be used for the general purposes of the Charity.
Note 17 - Analysis of assets and liabilities between funds
| Permanent | ||||
|---|---|---|---|---|
| Unrestricted | Endowment | 2021 | 2020 | |
| £ | £ | £ | £ | |
| Fixed Assets | ||||
| Tangible Fixed Assets Investments |
548,386 736,443 |
- 418,644 |
§48,386 1,155,084 |
§59,578 1,156,025 |
| Current assets | ||||
| Stock | 739 | - | 739 | 2,147 |
| Debtors | 12,128 | - | 12,128 | 4,444 |
| Cash at bank | 34,609 | 13,703 | 48,312 | 80,687 |
| Current Liabilities | ||||
| Creditors | (20,943) | - | (20,943) | (11,445) |
| 1,311,362 | 432,344 | 1,743,706 | 1,791,436 |
Note 18 - Analysis of assets and liabilities between funds
| At 31 January | Investment | At 31 December | ||||
|---|---|---|---|---|---|---|
| 2021 | Income | Expenditure | Gains | Transfers | 2021 | |
| £ | £ | £ | £ | £ | ||
| Unrestricted Funds | 1,395,518 | 118,014 | (287,296) | 79,504 | 5,625 | 1,311,362 |
| Restricted Funds | 395,918 | 5,625 | - | 36,426 | (5,625) | 432,344 |
| 1,791,436 | 123,639 | (287,296) | 115,927 | - | 1,743,706 |
3 Organisation
YORKSHIRE MINERS WELFARE CONVALESCENT HOMES
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
1 The Trustees present their report along with the financial statements of the charity for the year ended 31 December 2021. The financial statements have been prepared in accordance with the accounting policies set out on page § and comply with the charity's trust deed and applicable law.
2 Constitution and Objects and Activities for the public benefit
The Yorkshire Miners’ Welfare Convalescent Home Fund was re-established by Charity Commission Scheme dated 25 July 2000, as subsequently amended by scheme dated 16 December 2002 and deeds dated 9 September 2008, 14 June 2011 and 14 June 2016 respectively and is a registered charity number 230638.
The objects of the charity are to provide convalescent facilities to persons who are or have been employed in the coal industry, or allied activities, within Yorkshire and their wives, husbands, and dependant relatives and also widows, widowers and necessitous relatives of deceased persons (qualifying as above). The charity currently operates a convalescent home ‘Lynwood’ in Scarborough. The trustees have referred to the guidance given by the Charity Commission on public benefit when reviewing the charity's aims and objectives and details of the activities that have taken place during the year can be found later in this report.
The Trustees who have served during the year are detailed below:-
D Brewer | Carpenter Reverend Canon | Gaskell M Gillespie (Resigned 9 March 2021) Reverend Father D Percival D Pickering JM Saul D Coupland M Whittaker (Appointed 25/7/2021)
.
The Secretary to the Trustees, responsible for the day to day administration of the charity is Mr Richard O'Toole, CISWO, The Old Rectory, Rectory Drive, Whiston, Rotherham, S60 4JG.
4 Policy on Admissions.
Accommodation facilities are limited and admission is based on need relating to medical conditions and within the following guidelines, which were updated in September 2014.
Eligibility for admission to the Convalescent Home is based on the number of years’ service within the Yorkshire Coalfield. Ex-employees are entitled to one admission for every completed 5 years of service.
After using their entitlement, those suffering from a mining-related illness or accident may apply to have their entitlement extended and should give full details for the trustees’ consideration. Other beneficiaries who have used their entitlement may also apply for individual assessment. This applies to anyone who does not qualify under the above criteria. Admission will be based on medical need and applicants therefore give full details of why they wish to be considered.
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Partners of former employees may attend with their husband/wife; such attendance means the deduction of one entitlement. Widows/widowers of ex-employees may receive two convalescent admissions only.
§ Contribution made by Volunteers.
Volunteers are encouraged to assist with the social care provided at the Lynwood Home.
6 Review of the Year’s Activities.
The COVID pandemic significantly impacted the charity in 2021 resulting in the home being closed for most of 2021. During the year 328 beneficiaries enjoyed a break.
The Trustees continue to monitor government guidelines and are establishing operating plans and risk assessments to provide a safe environment when the home reopens.
7 Financial Review
;
The charity had net outgoing resources for the year of £47,730 (2020: outgoing resources of £191,372).
The main factor contributing to the increased performance was the profit on the investment portfolios of £115,927 in 2021 compared with losses of £26,766 in 2020.
If we exclude the above investments factor the Charity made a year on year operational loss in 2021 of £163,657 compared with a loss of £164,606 in 2020. Income from beneficiaries attending the home increased by £21,408 compared to 2020. The charity received support from the Government through business support grants (£17,717) and the coronavirus job retention scheme (£40,941). The running costs of the home decreased by around £6,000 from 2020.
The Charity has two funds:
a) Unrestricted Fund
This is the core operational fund of the charity through which all its operational work is channelled. The unrestricted fund had net outgoing resources during the year of £84,156 (2020: £182,353) after a transfer of income of £5,625 (2020: £5,021) from the endowment fund and investment gains of £79,501 (2020: losses of £17,747). At 31 December 2021, the value of the unrestricted fund was £1,311,362 (2020: £4 ,395,518)
b) Permanent Endowment Fund
Income arising from this fund may at the absolute discretion of the Trustees be transferred annually to the Unrestricted Fund. During the year the income of the fund was transferred to the Unrestricted Fund. No part of the capital of the Permanent Endowment Fund may be spent. At 31 December 2021 the value of the Permanent Endowment Fund was £432,344 (2020: £395,918).
The total net assets of the charity as at 31 December 2021 were £1,743,706 of this sum £1,155,084 was held in investments managed by Rathbones, £548,386 in property (the net value of the convalescent home in Scarborough) and £40,236 in net current assets (principally cash deposits).
The Investments of the charity are managed by Rathbones and are regularly reviewed by the Trustees. Joint meetings have been held to review the performance of the Investment Managers and to review the balance of the portfolio between gilts, equities and property. The Statement of Investment Principles is given below:
11
8 investment Policy
The investments of the charity are managed by Rathbones. Funds are managed by them ona discretionary basis, the management agreement with them provides for “maximising total return through both the generation of income and capital growth over time by adopting an investment strategy of moderate risk”.
The Trustees monitor the performance of the investment manager against stated Performance Objective. Performance reports and valuations will be obtained quarterly. Attendance by the manager at client meetings is by client request.
The Trustees do not impose any restrictions whether in respect of ethical, social or environmental matters, or voting policy, or otherwise, believing that this course is in the best interests of the objectives of the Funds.
The primary objective of the Trustees is to seek to maximise total return to provide funds for distribution under the Charity’s current policies.
The total return of the portfolio for 2021 was 14.1% (2020: plus 3.1%) against a benchmark of 13.2% (2020: plus 2.1%).
9 Sources of Funding.
Modest amounts are received under gift aid from the YMWCH Trading Ltd and individuals.
The main source of funding is investment income and capital growth from reserves.
10 Expenditure to Support Key Objectives.
The average age of all beneficiaries on the database is 79.55 years. The Trustees have a policy of ensuring that the facilities provided are adequate to meet the beneficiaries’ needs.
11 Reserves Policy.
The free reserves of the charity (excluding fixed assets) comprised the Unrestricted Fund. The Trustees are conscious that the annual cost of providing convalescence facilities is greater than the income generated by the fund and the free reserves of the charity are utilised to cover the annual shortfall. In addition the Trustees consider that there will be a significant beneficiary population for many years hence and therefore they wish to ensure that the facilities remain available until 2030. The Trustees are of the opinion that the current free reserves may not be sufficient to enable them to meet that commitment to the beneficiary population in Yorkshire. The Trustees continue to work towards a long-term framework whereby the reserves of the charity will last until at least 2030.
12 Risk Management.
The major risks to which the charity is exposed are:-
Investment Return - maintaining adequate returns from the investment Portfolio to provide income.
Building - maintaining the building to an adequate standard whilst remaining affordable.
The trustees engage the services of Rathbones to assist in managing of its investment portfolio, and take advice from property consultants concerning works required on the building.
The trustees have prepared documented procedures to manage these and other risks. The trustees and the charity's staff are expected to follow these procedures which are regularly reviewed to ensure that they remain comprehensive and appropriate.
12
13 Impact of COVID — Going Concern
14
The charity has been unable to operate the home at full capacity since re-opening. The impact of this has seen a reduction in both income and expenditure at similar levels. We are not reliant on any external funding that could have been adversely impacted and we have not made any extended commitments that will significantly alter our financial position. We have sufficient resources to meet our obligations for the foreseeable future. The charity has ensured ongoing effective governance through regular reporting to the Board of Trustees and the holding of the usual cycle of meetings through electronic means.
The Trustees having reviewed cash flow forecasts do not believe there are any material uncertainties which cast significant doubt on the ability of the charity to continue as a going concern.
Trustees’ Responsibilities in relation to the Financial Statements.
Law applicable to charities in England and Wales required the Trustees to prepare financial statements for each financial year which give a true and fair view of the charity and of the incoming resources and application of resources of the charity for that period. In preparing those financial statements, the trustees are required to: e select suitable accounting policies and then apply them consistently;
-
e observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
¢ state whether applicable accounting standards have been followed subject to any material departures disclosed and explained in the financial statements;
-
e Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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Approved by the Trustees on qlel 2022. and signed on their behalf by:
Signatureee seseteeses soo ye
Print Name...) -BREVVIAIA...o.cccc0-.... Print Name..4e.. Gaskell
Trustee Trustee
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