Annual Report of the Trustees of Lincoln Almshouses Charity No.232934 ln 1910 Henry Lincoln left the sum of £1300 to the Paster and Deacons of the Union Church, Loughton, commonly known as Loughton Chape, now known as Loughton Baptist Church, to be used for the purchase of land on which to build small Almshouses. ln 1914 a suitable plot of land opposite the church was purchased and there are now 4 one bed Almshouses. The Will stated that these should be offered to those poor persons resident in Loughton of the age of 50 years and upwards. Preference being given to those attending the church for a period of 10 years. The Almshouses are maintained by the Lincoln Almshouses charity of which the Deacons of Loughton Baptist Church are the Trustees. Residents are charged a weekly maintenance contribution which is put towards the general running costs and maintenance of the property. At the beginning of the year, we completed a health check issued to us by the Almshouse Association. We came out as 'Good'. On the 13[th] of November our Secretary met with a representative from the Almshouses Association and each of our properties were viewed, and discussions took place with each of our residents. Subsequent to our discussions items were raised and have been acted upon as follows: - Quinquennial inspection carried out by building surveyor. Resident's handbook updated. Complaints procedure updated. Specific Safeguarding policy incorporated. Energy performance certification carried out. Expenses this year have been for general maintenance, our single most costly item was for the Quinquennial inspection. A working capital is retained in the HSBC current account and emergency money in a deposit account. The charity has no regular overheads and the Trustees retain monies in the London Baptist Property Board Deposit account and investments in the COIF Deposit Fund and COIF Charities Investment Fund of over £100,000 in case of significant building repairs being required. Signed on behalf of Lincoln Almshouses Charity Trustees: - ## **LINCOLN ALMSHOUSES** Registered Charity No. 232934 ## **RECEIPTS AND PAYMENTS** ## **For the year ended 31 March 2025** |2024
£
25,680
**25,680**
**24,371**
1,309
23525
15109
41876
**80510**
**Cost**
**2023**
**£**
60,000||23,400
1,579
700
0
563
1,513
21,005
67
1,223
**Market**
**Value**
**2023**
**2023**
**£**
**No.**
68,071
12,939|**INCOME**
Rent
LBPB Interest
COIF Deposit Fund Int
Sundry
Total Receipts
**Total income for the year**
**PAYMENTS**
Water Rates
Insurance
Repairs/Maintenance
Bank charges
Sundry
**Total expenditure for the year**
Surplus / (deficit) for the year
**Statement of Assets**
HSBC Current Account
COIF Deposit Account
LBPB
**Total Assets**
**Investment in Shares in Charities**
**Official Investment Fund**||24,440
1,744
749
0
1,276
989
5,835
217
973
38,676
15,858
43,620
**Shares**
**2024**
**No.**
12,939||2025
£
26,933
**26,933**
**9,289**
17,644
**98,155**
**Market**
**Value**
**Cost**
**2024**
**2024**
**£**
**£**
67,067
60,000| |---|---|---|---|---|---|---|---| ||||||||| CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of Oh3rily Narr) Lincoln AlmsHouses On accounts for the year ended Charlty no {if any) 232934 11 MvkLckl 2Q2- Set out on pages IremenTrber 10 iiiclude thè page numbeis of a¢JdilionÈl sheeisl I report to the trustees on my examination of the accounts of the above charity I'the Trust"} for the year ended 31 ,' 5 ,' Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of rèport of the accounls in accordance with the requirements of the Charities Act 2011 ('the Act"). l ￿port in respect of my examination of the Trusys accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. I have completed my examination. I confirm that no material matters have come to my attention (other than that disclosed below .) in connection with the examination which gives me cause to believe that in, any material Tespect.. accounting records were not kept in accordance with section 130 of the Act or Ihe accounts do not a¢cord with the accounting records Independent examiner s'statement I have no concerns and have come across no other matters in connection '"with the examination lo which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Please delete the words in the brackets if they do not apply. Date: Signed: Name: Lklc Li£ (.4 Relevant professional qualifi¢ation{s) or body lif any): Address: LlvFLffoA TJ C Lo4J £¢>U{ i-l wJt90 g.IF z 7J IER October 2018 Seclion B Disclosure Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of ¢harity accounts.. directions and guidance for 6xamin8rs). Glve here brief detsils of any items that the examinerwishes to disclose. s Q- k) -((w) OLW IFw8L IER October 2018 accounts may be misleading and we cannot agree appropriate amendments, and You conclude that the matter cannot be adequately dealt with In Your report, You will not 155ue any report, will withdraw frorn the engagement and notify Us in writing of the reasons. 4.3 Should You conclude that the Almshouses is not entitled to exemption from an audit of the accounts or should You be unableto reach a conclusion on this matter then You will notify Us in wrlting of the reasons. If approprlate, you will di5CUSS Wlth us the need to appoint an auditor. 4.4 As part of your normal procedures, you may request us to provide wrltten confirmation of any information or explanations given by us orally during the course of your work. 5. Fees The role of independent examiner is not remunerated. The Almshouses will cover any out of pocket expenses incurred in the course of Your work. 6. Conflrmation This agreement will remain effective until it Ss replaced or until You cease to hold the position of Independent examiner. Vou will tonfirrn Your acceptance of the terms of this agreement by arranging for the signature and return of the attached copy to Us. Slgned on behalf of the Almshouses .Date... Signed by or on behalf of the Examlner......... Date ...