GRINDLETON ALMSHOUSES REGISTERED CHARITY NUMBER 231435 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Beunett Kirkbo Sjnith Chartered Certified Accountants
GRtNDLETON ALMSHOUSES FtNANCIAL STATEMENTS FOR THE YEAR ENDED 31 DEMBER 2024 FORMATI NPAG Working name Grindleion Almshouses Charity numi*r 231435 Contacl address SwiJ)dlehurst Farm indleton Clitheroe Lancashire BB7 4QT Trusiees Donald Noel Wilson (resigned 30109ll024) Claire Cowking John Michacl Taylor Andrea Wilkinson Sarah Whitwell {appoinied 0610212025) Louis¢ Bolton {appoini¢d 0010212025) Independent Examiners Bennett Kirkhope Smith Chartered Certified Accountants Suites 5 & 6, Th¢ Printworks Hey Road Baow, Cliihcroe Lan¢ashire BB7 9WB Bankers Barclays Bank UK PLC I ChurLhill Pla¢¢ London E14 5HP
CRiNDLETON ALMSHOUSES R¢8lSt¢red Charity No. 231435 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustccs present their Annual Report and the unaudited financial statements for the year ended 31 December 2024. struCre Jov¢man¢e and mana Jemeni Tlie charity is governed by a Scheme dated 18 D¢ccmber 1996 regist¢r¢d with the Charity Commi$$ion. Th¢ I'rustees at least Iwi¢e a year to manage its affairs. Trugteeg are appointed for a tern) of five y¢ars by a resolutson of the Trust¢es passed at a speeial meeiing of which not less than 21 days notice has b¢¢n 8iv¢n. b'ects of rhe Charit The objeci of thc chariiy is to provide subsidised affordable rented accon]modaliott in lour single occupan¢y and two double occupancy cottages to poor wons of not less than 60 years of age resident in the parishes olGrindleton and Rathmell. Public Benefit Th¢ trusiees ¢onf]nn th¢y have complted with the requirements of section 4 of the Charities Act 2011 to have du¢ regard to the public benefit guidanc¢ published by the Charity Cotnmission for England and Wales. Develo eni 4¢tiviiits and achI¢Men(S durin , 2024 After many y¢ars of dedi¢atcd service to Grindlcton AlJnshous¢s, Margaret Tippets resigned from her mle as clerk in September 2024, due to ill health. Claire Cowking> a trustee of the Charity since 2010. has agreed io take over Margaret's duties. Long serving chainnan of the tNstees, Donald Wilson, has dlded that, as the charity would be upddring various inforn)ation to report the ¢hanges in Trustee to interested parties, li would be a good time for hin) rcsigm as a trusl¢e as he too was struggling with ill hea]th. As Donald was the Chairnian of the trustees, 1¢ was necessary to appoini a new ChairrS0n. Andrea Wilkinson, a trnst¢¢ of the ¢harity since 2008, was unanimously a¢ccpied as th¢ new ¢hairy)erson. Th¢ ¢harity has approa¢h¢d SUAtable individuals io assess Ih¢iY willingness to act as Irus(e¢s for the charity. Sarah Whilwell and Louise Bolion were officially appointed as trustees 0610212025.
Sarah has pr¢viously acted as a trustee of the Grindl¢ton Almshouses but resigned when her work took her out of the area for a while. 'lThere were no changes in residents at the aln)shous¢s or ih¢ t¢nant$ at Sionehill during the twelve months in question. The reni arr¢ars owed for Stonehill are b¢ing dductcd from invoices for gard¢ning S1¢¢$ on a regular basis. At the 3111212024 the outstanding debt has reauced from £2,380 to £820. We expect this amouni to be paid by in full by Augusr 2025. Thc almshouses have been well maintained during the year at a cost of £6,147 for generdl maintenance and repairs compared wryth £5,529 for 2023. We r¢poried last year that we expected to re-roof the Sionehill renthl prop¢rties during 2024. Delays in ihe ¢ontractor commencing th¢ work due to illnesy meant thai the work was not started. We Sought independent advice from a conservation arLhitecr who told us ihai ihe roof nceded io b¢ rcpaired but a full re-rix)f should noi be required. New quotes will be requested for this work. Costs for maintenance and repairs at Stonehill in 2024 w¢r¢ £5,095 versus to £5,433 tn 2023. Financial sition The accounts lor the year to 31si Deccmber, 2024 show an income from ordinary a¢tivitics of £55,816 and an expenditure of £18,945. A long terni investment with Skipton Financial Servi¢¢s was tratL8ferred to St James's Place during ihe y¢ar. A gain on this investment of £205.245 was r¢alised in ihe financial year as thc investmcnt was valued at C081 in ihe accounts. The gain had accnied ovcr the life of the invesrmeni. The Trust holds cagh wid bank assets with Barelays Bank, £55.644 and with Skipton Building Soci¢ty> £52,295. In addition, the Tnt holds invcstmenis through M & Q Securities valued ai £61,239. a bonLI with Skipton Building Society, £34,188, and an invesiment with St lames's Place of £739,669. The buildings owned by Ihc Trust were valued al £1,870,000 in May 2007, together wilh 77 aer¢5 of land. Trustee R¢mwieraiion and Ex ses Th¢ Trusiees were not rcmunerated by th¢ charity, nor were any personal expenses Incued by the TnleeS met by the ¢harity. lThe Trustees are of The opinion that the financial position is sound. and (he charity Is a going concern. .. &d(.QA.. . Date
IDdependeDt Examiner's Report to the Trustees of Grindleton Almhouse5 Reglstered Charity number 231435 We report on th¢ Financial Statcmenis of the Chariiy for the year ended 31 December 2024 whieh are set out on pages 5 and 6. Res eLtivc rcs nsil)ilities of TNslees and Examiner The ¢harity'5 trustees are responsible for the preparaiion of the accounts. The charity's truslees consider ihat an audit is llol required for this year under section 144(2) of the Charities A¢t 2011 {the 2011 Act) alld thai an indcpcrLdent examination is n¢¢ded. It is our responsibility to.. examine the accounts under section 145 of the 2011 A¢i- io follow the procedures laid down ID the Gen¢ral Dir¢ciions given by the Chariiy Commissioner wider section 145(5)(b) of the 2011 A¢t- and lo slate whether particular matters have com¢ to my atiention Basis of Inde ndent Examiner's re Our examination was ¢arried out in accordance with the General Directions given by the Charity Commissioner. An examination includ¢s a revicw of th¢ accounting records kept by the charity and a comparison of the Accounts presented with those records. It also includes consideration of any unusual items or dis¢losutcs the A¢counts and seeking explanations from you as trust¢¢s concerning ony such matters. The procedur¢s undertaken do noi provide all the evidence that would be required in an audit and Consequently we do not cxpress an audit opinion on the view given by th¢ A¢counts. Inde ndent Examiner's slatement In conn¢¢tion with ow examination. no lllatter has come to our altention:_ l. Which gives us reasonable cause to believe Ihat, in any material respect, the requirem¢nts.' To keep accouniing records in accordance with scction 130 of the 2011 Act" and To prepare Accounts wbich accord with the accounting rccords and to comply with the accounting requir¢m¢nts of the 2011 Act have not b¢en mel" or to which, in our opinion, atlenlioll should be drawn in order to enable a proper understsnding of the Accowits to be reached. Bennett Kirkhope Smith Chartered Ccrtified Accountants Suites 5 & 6 The Printworks H¢y Road Barrow Cliiheroe BB7 9WB Mrs A M Smith FMAAT FCCA Date.. Z(t l ia l
GRINDLETON ALMSHOUSES RECEIPTS & PAYMENTS ACCOUNT FOR THE YEAR TO 31 DECEMBER 2024 2024 2023 ecei Is',- Rents from Mmshouses Rents from Slonehill Fold Rents from Farms Dividends: M & G Natl. AssgG. of Amshouses M & G Securities Skiplon BS Interest Tarmac & Electricity NW w*e3ve Miscellaneous 12,480 32.040 5,400 2,078 832 2.743 243 12.480 30.480 5.4¢JO 1,950 250 243 1,142 55,816 52.735 Pa ments.'_ Almshouse8 Repairs and Renew81s Almshouses Maintenance Insuiance Ele¢lricitylGas Seeretatys Honorarium subscripts.ons Independent Examin8r's Fee Sundry Stonehill Repi¢ irs and Rgnewals Sionehill Maintenance 1,517 4.630 4,405 559 500 343 1,080 816 4,047 1,048 5.529 3.941 320 1,050 196 361 3.463 1,970 18.945 17.814 Nel receipts Ipaymentsi for the year 36.871 34,921 Net gains on sale of investments for the year 205.245 Bank balances and investments at 31 De¢ember 2023 650.011 615.090 Bank balances and inveslmgnts al 31 Decemb8r 2024 892.127 650,011
GRINOLET NALM ENT ET DE EMB 2024 2023 Bank Acc Bank Current Account 55,644 50,921 55,644 50,921 Investments St. James, Place at cost (Valuation 31 DÉ¢ 2024 £739.669,' 31 Dec 2tr23 £01 750,000 Skipton Financr81 servIs Fidelity Investment at cost Ivaluation 31 Dec 2024 £161.71., 28 Dec 2023 £678,102} S15.350 Skipton BS Instanl Ac5 Saver 52.295 50.612 Skipton BS Bond 34,188 33,128 892,127 650,011 Land and Buiklin s 6 AlmsfJouses Ivaluation May 2007 £970,CKQI Stonehill Fami Land - about 67 wes Wwhenstocks Farm Land- about 11 a$ 4 Dwellings- Stonehill Fohy Ivaluatv)n Jul 2007 £900.0001 Stock$ and Shares M & G Securities.. Charifund Income Untts (Valuation Decomber 2024 £13,604.98: 2023 £13.259.311 M & G Nallonal A3sodalion of Almshouses.. Incorne shares (Valuation December 2024 £46,634.07., 2023 £46.089.54} 924 unlts 51.313.225 sha$ The Financlal Statements were approved by the Board of Trustees on and signed On its behalf by Trustee Dale