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2024-12-31-accounts

SELBY ALMSHOUSES AND POOR’S CHARITY ANNUAL REPORT AND UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Charity number 230816

SELBY ALMSHOUSES AND POOR’S CHARITY

TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

The trustees present their report and the financial statements of the charity for the year ended 31 December 2024. The Trustees have adopted the provision of the statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” in preparing the annual report and financial statement of the charity.

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.

The accounts have been prepared on the receipts and payments basis.

AIMS AND OBJECTIVES

The objects of the charity are the management of almshouses and investments.

After defraying from the income all proper costs and management expenses, the trustees shall apply the income of the charity to relieving either generally or individually persons resident in Selby district who are in conditions of need, hardship or distress by making grants of money or providing or paying for items, services or facilities calculated to reduce the need, hardship or distress of such persons subject to certain restrictions contained in the charity commission’s scheme.

The trustees confirm that they have referred to the guidance contained in the charity commission’s general guidance on public benefit when reviewing the charities aims and objectives and in planning future activities.

ACHIEVEMENTS AND PERFORMANCE

Regular meetings with residents have taken place throughout the year and particularly at Christmas time when we present each resident with a small gift to help towards the extra Christmas costs.

Trustees maintained the programme of maintenance of the premises and fittings to ensure the properties maintain their value for the charity and residents feel safe and secure in their homes.

The Trustees have recognised that the portfolio of properties held does not include provision for family property, where there is significant demand and are therefore seeking to close this gap over forthcoming months.

The Trustee Board continued to meet quarterly to ensure oversight of premises, finances etc and to set policy and strategy.

The work to incorporate the Charity continues albeit slowly as a result of the need to undertake Voluntary First Registration of all our properties and land. This is proving difficult due to lack of some documentation and no proper plans particularly of our farmland. We are arranging for accurate plans to be drawn up with full measurements and it will be necessary for some trustees to swear Statutory Declarations to support the registration.

Trustees have continued to provide good governance through the year and also continue to keep all investments under review at their quarterly meetings.

During 2024 the charity received 22 applications for grants of which 18 were granted totalling £7,747 which was distributed throughout Selby District.

RESERVES POLICY

The charity’s policy is to maintain sufficient cash resources to enable its objectives to be met as needed. The trustees continue to review options for investing in assets in order to maximise available funding to fulfil the aims and objectives of the charity.

SELBY ALMSHOUSES AND POOR’S CHARITY

TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 - CONTINUED

STRUCTURE GOVERNANCE AND MANAGEMENT

Constitution

Selby Almshouses and Poor’s Charity is a registered charity number 230816 governed by a scheme dated 24 August 1981, as amended 20 June 2001.

The board of trustees hold meetings quarterly to consider matters in line with the connected charities. Interim meetings are held when necessary and some trustees are involved on a regular basis with progress reviews of specific areas.

The board has organised smaller groups to take an overview of the various aspects of the charity’s activities. These are:

Day to day operation of the charity is overseen by the chair supported by an administrator both of whom do so on behalf of the trustee board. All actions are reported to the board at their quarterly meetings.

Xero accounting package is now used for financial recording and we have adopted online banking which is more efficient and that process is now overseen by the Treasurer.

Appointment of trustees, induction and training

The ex-officio trustees, being the vicar and representatives of the Parish of Selby Abbey, are deemed to be appointed by the Parochial Church Council of the said Abbey. The nominative trustees are appointed by Selby Town Council for a term of 4 years but the person need not be a member of the council.

Co-opted trustees shall be persons who through residence, occupation, employment or otherwise have special knowledge of the town of Selby and specific skills to support the board in their work. They are appointed by the board and serve for a period of 5 years.

All new trustees have a meeting with the chair and other trustees to explain the work and activities of the charity.

CO-OPERATION WITH OTHER CHARITIES

The trust works in connection with other charities. The same trustees serve for Selby Feoffee and Welfare Charity.

REFERENCE AND ADMINISTRATIVE INFORMATION

TRUSTEES

The board of trustees consists of the following trustees who held office during the year as follows:

They shall consist, when complete of:

Ex Officio Trustees:

The vicar and churchwardens for the time being of the Ecclesiastical Parish of Selby Abbey

SELBY ALMSHOUSES AND POOR’S CHARITY

TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 – CONTINUED

REFERENCE AND ADMINISTRATIVE INFORMATION - CONTINUED

TRUSTEES - CONTINUED

Nominative Trustees

Nominated by Selby Town Council

Co-opted Trustees:

INDEPENDENT EXAMINER

SOLICITORS

Frances Howard Fortus Limited Business Advisors and Accountants Equinox House Clifton Park Shipton Road York YO30 5PA

Elmhirst Parker Abbey Yard Selby YO8 4PX

BANKERS

HSBC Bank plc Market Place Selby YO8 4PA

Approved by the trustees 4 November 2025 and signed on their behalf by:

……………………………………………

Melanie Davis - Chair

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF

SELBY ALMSHOUSES AND POOR’S CHARITY

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2024 which are set out on pages 5 to 7.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I 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.

I 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.

Frances Howard FCA Fortus Limited Business Advisors and Accountants Equinox House Clifton Park Shipton Road York YO30 5PA

4 November 2025

SELBY ALMSHOUSES AND POOR’S CHARITY

RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024

Notes
RECEIPTS
Activities for generating funds
Mandated income
Selby Feoffee and Welfare Charity
Investment income
Bank interest
Investment income
Income from investment property
Income from charitable activities
Resident’s contribution
Total receipts
PAYMENTS
Charitable activities
Charitable grants
2
Provision of Almshouses
Gas and electricity
Repairs and maintenance
Administration
Grass cutting and gardening
Insurance
General expenses
Sundry expenses
Almhouses and poor expenses
Rates
Subscriptions
Staff & Trustees training
Salaries
Expenses relating to investment properties
Independent examiners fee
Bank charges
Total payments
Increase in bank and cash balances
Bank balance at 1 January 2024
Bank balance at 31 December 2024		 General
Endowment
Fund
Fund
£
£
24,156
-
2,776
-
7,205
-
23,500
-
66,614
-
_
_

124,251
-
_______
_______

7,747
-
-
-
16,584
-
464
-
3,445
-
1,434
-
-
-
-
-
2,207
-
331
-
826
-
105
-
5,219
-
8,360
-
720
-
59
-
_
_

47,501
-
_______
_______

76,750
-
193,423
-
_
_
_
270,173
-
 Total
2024
£
24,156
2,776
7,205
23,500
66,614
_

124,251
_______

7,747
-
16,584
464
3,445
1,434
-
-
2,207
331
826
105
5,219
8,360
720
59
_

47,501
_______

76,750
193,423
_
_
270,173		 Total
2023
£
2,373
2,275
7,065
18,564
64,963
_
95,240
_
15,630
988
34,731
328
6,740
1,523
1,471
152
3,186
-
640
909
6,317
7,116
1,302
76
_
81,109
_
14,131
179,292
_
193,423

SELBY ALMSHOUSES AND POOR’S CHARITY

STATEMENT OF ASSETS AND LIABILITIES AT 31 DECEMBER 2024

Extraordinary Extraordinary
General Repair Endowment
Total
Total
Fund Fund Fund 2024
2023
£ £ £ £
£
CASH FUNDS
Bank balances 270,173 - - 270,173
193,423
OTHER MONETARY ASSETS
Mandated income
Selby Feoffee and Welfare Charity - 2024 9,972 - - 9,972
-
Selby Feoffee and Welfare Charity - 2023 - - - -
12,838
Selby Feoffee and Welfare Charity - 2022 - - - -
12,023
ALMHOUSES
15 Woodville Terrace at cost - - 137,035 137,035
137,035
The charity also owns 13 Almshouses in Selby which were originally donated to the charity and as such have no
cost and which form part of the endowment fund.
INVESTMENT PROPERTY
7 Longley House at cost 172,034 - - 172,034
172,034
7 Masters Mews at cost 176,163 - - 176,163
176,163
_
______		 ______ ______
______
348,197 - - 348,197
348,197
INVESTMENT ASSETS – AT MARKET VALUE
4659 NAACIF Income shares - - 4,325 4,325
4,185
155 NAACIF Income shares - - 144 144
139
2055.079 NAACIF Accumulation shares - 248,811 - 248,811
230,339
79,931.34 COIF Charities Ethical Investment
Fund Income units 247,196 - - 247,196
240,593
_
______		 ______ ______
______
247,196 248,811 4,469 500,476
475,256
TOTAL ASSETS 877,558 248,811 141,504 1,267,873
1,178,772
LIABILITIES
Independent examiners fee 750 - - 750
720
_
______		 _ _
______
750 - - 750
720

The charity also owns 13 Almshouses in Selby which were originally donated to the charity and as such have no cost and which form part of the endowment fund.

Approved by the trustees on 4 November 2025 and signed on their behalf by:

…………………………………………… Melanie Davis - Chair

…………………………………………… Mark Hoggard - Treasurer

SELBY ALMSHOUSES AND POOR’S CHARITY

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024

1. ACCOUNTING POLICIES

BASIS OF ACCOUNTING

These accounts have been prepared under the historical cost convention, on a receipts and payments basis, in accordance with Section 133 of the Charities Act 2011 and following the guidance for accounting for smaller charities issued by the Charity Commissioners.

FUNDS

The endowment fund represents funds to be held permanently for the purposes of the charity.

The extra-ordinary repair fund represents funds for the purpose of providing for the extraordinary repair, improvement or rebuilding of the almshouses.

General funds are funds which can be used in accordance with the charitable objects at the discretion of the trustees.

GRANTS

During the year the charity made 18 (2023 – 33) grants totalling £7,747 (2023 - £15,630). No grant was made in excess of £1,000 in either year.