REGISTERED CHARITY NUMBER: 235862 Re d Financial Stat8 ort of the Trustees a ed Cha
amin onsoli the Fin the Year En I Slalements 31 Decernber 2023 Report ol the Twstees 1to4 Independent Examinerf8 Repr Staternt of FinanaaF Activitses Statement of Finandal Position Notes lo th6 Financlal Ststernents 8t011
Leamin ton Hastin s C011 ated C rt cf the Trustees lor the Year Ended 31 Dember 2023 L•gal and Admlnlstr8llv• Inlorn?•tl( fteglsteTed number AdmlnlBtrallon Ajexandra Riglar Porthleven Martw Road Birdingw WarCk$hIre CV23 8EH FlnanGe Eugen8 Dix Greenacres Leamington Hastings Rugby Waklr• CV23 8DZ Registered by a Scheme of ihe Charity Commigsi¢)ners daled 6 Februgry 1980, 85 varied by Scthemes daled 9 September 1991 and 3 November 1995. The purpose5 of the Charty reach back into the 17th Century- Humphrey Davi8s' Almshouses, Dame D)thY Whelefs Amshcwses and the Poor's Aot. Tru•t••• A body ol 88von p8r80n8 comprisirvJ.'- Two nominive Trustees appthled by the Parish Coundl of Leaminglon Hastings, 93th ppointment being for a lr-r tmm. Mrs Jane Crèsswdl Mr Eugeng Dixon un1 10 May 2024 until February 2025 FIV8 CO-optalNe Trustees apwnted by rescAu11L al a fv4•eting of 1he Truslees, each 8ppointmerrt for a 've-year lem. Mr J N Fisher Mr Paul Cra Mr lan Sewel Ms S Vvest Mr8 Joy Mittholl Lmlll May 2025 until January 2028 Unljl May 2027 August 2026 until Augusl 2024 Page 1
min I n Hasln rt of th8 Trusteès for the Year Ended 31 23 Bank HSBC 126 The Parade Leamington Spa W8rwic*(shire CV32 4PJ Insuranc• Brok•r Grout Insuranca Brokers Woolvi¢h House 2rf Fkor. 43 GewJe Street Croydo Surrey CRO 1LB Indend•t Examln•r Mr A D(aId$on 17 Lake Walk Adderbury 8anbury Oxfordshire OX17 3PF Alms and Organt8allon To manage the Almshous85 In L•amlngton Hastlng• for the •c¢ommod•tlon of r•sldonl• In conformlty with the provlsloni ol th• S¢h•m•. The Almshouses are intended tr poor and needy Per5. There 1$ no 8go requlrement bul th8r81s a gewaphical priorlty. 1, Persons who were bom live in tho Parbsh of Leamington H8stings cy hgve don8 80 fclr Fwod of not less Ihan hvo consecutive years. 2. Persons who were trAxn or IN8 kn the doffin area (see Stheme of Admlnlstrationl or hwe done 50 for a period of not less than two consecutive years. 3. Other pcrt)r persons. Appllcatlon of R•slduary Incom• 1. To provide relief in nqed eittw generalty w indNldually to pepJons resident in the Parish of Leamington Hastings who are in 11$ of need, hafdshlp. or dislress. 2. To repa. Matain. insure and imwove faKic of the Parfsh Churth of the Ec¢lesiastic81 Parish of All Saints, Leamington Hasti. If and insofar as income Is required for apWi¢ation a5 aforesa, the Trustees may aptAy the same suth charitable wrposes for the gewral benefit of the Inhabitants of the Parish of Leamington Haslings as the Trustees think fil Page 2
mln ton H Irn ated C rt of the Trustees for ih Year Erfed 1 DeM Organlsation Mr John Fisher agreed to continue as Chaiman until the May 2024 knnual General Meeting. The Trust8è9 met on 4 Lwsi¢)nB thtring 2023. Mr A Donalds( has been apwrrted as lthpenderrt Examiner for the finanwl year endlng 31 December 2023. Revlew of Progress and A¢hl•vem•nls Reo)rd of Residénts.. . Death8 Departures New residents Voids Residents as at 31 December 2023 R•8ldent•' M•etlng8 The Residents. Meetings wowde a channel of c£¥nmunicali¢)n fw residents to TrusloBS and a forum for tho Trustees lo consuft rflh the Residrt s)pMen1ed by a newsletter produced and ¢istributed by the Clerk. The Alm8hou•• Assoclatlon- The AJm¥hou5e Association cL)ntinues lo hold kul meetkngs In the Midlands. This nation81 A¥soualN)n Is an importanl srGe of guidance lo Trusle85', nfoTm8tion the svJnificarKX of new legislation and pr8ctical help if difficulties arise. Trustees are Iherefore very keen to support the Almskrtjse AgS(M811on and renewed its mernber5hip during 2023. The Charlty holds a spe¢ial distinctton in Ihal ils membership number Is one so it is the first Ilsted member of the AssLKiation. Rellef In N•ed - The ¢harity has provided financ1 a$Sne6 to 8 local resident In th8 P8rish of L&grninglon Ha¥lings durirvJ the year in order to he4) improve their quality of Mfe. Page 3
Chariiable Purpos•¥ forth• G•narnl Benefit of the Inhabit•nts of thg Parlsh of Loamlngton Hting> The trustees werg pleased lo be able to make soveral charItae donations during 2023. The charities supported benefit the residenls of the Parish of Leamington Hastings and surrounding viNages vthich include Learningt Ha51ings. Broa(11. Stcckton Station and Kites Hardwick. A summary ofthe don8tKTh made during the yw 1$ given below: Leaminglon Hastings Over 60's Club Leaminglon Haslings Sifver Surfers Marton Cream Teas All Saints Churth Leamington Hastings Broadwell Methodist Church Leamington Hasting5 C of E Academy £380.00 £750.00 £185.00 £2.950.fJJ £3.000.00 £2.000.00 DJta Proloctlon - Tho Ttee9 eertify that LHCC fully complies wilh the requlrements of the GDPR as th8y apply lo thg Charity Tru•tM• Sh•fry Mornlng - The Trustee8 were Ped lo be able once agaln to hokl a Shery Morning In Decembw. R•vlew of th• Flnanel•l Actlvltl•• and Affalr• The Sl8tement of Flnandal Actswl summarfses the Inc4)ming res(yJrces and resources expended and these are anatysed between general funds and designated funds. Designated funds are unreslricted funds. which are expendable al disc8tson of the Trustees, but which have been specifically e8rnarked as relating to the Amshouses. The income funds ofthe Charity include re$lricted funds lor Ihe purpw of toviding eXtra{dInBry repalr, Improvemenl or rebuildlng of the Almthou8es b81orylng lo tho CIkIated Chadty. On a fundW4und basis, Charitys assots we available aThJ 8dequ818 to fu1 Its c**ligatiorn. The Trustees thank all who helped Charity and its regidents dng Ihe cour8e of the year. Signed on b8 the Trustees Mr J N Flsh8r Chaimian Date.. Page 4
Inde ndent Examinerfs R rt to the Trustees Learnin ton Hastin Cws01idated I report on the accounts for the year erKled 31 Dember 2023 set OLrt on pages six to eleven. Respecllve resp¢)n¥lbllltles ol trustees and examlner Tre charity's trustees a resFs1b1e for the weparation crf the accounts. The charity's truslee5 consider that an audit is r1 required for this year (under Sedon 144(21 of the Charilies A¢X 2011 Ilhe 2011 Act)) and that an independent examination is required. It 1$ my rtsponslbllrty to: examine the accounts under secti( 145 of the 2011 Act to follow the proredures laKJ down in the Geneial DireclM)ns given by Ihe Charity Commission {under Section 14515llbl of the 2011 Act). and to state whether parts.lar matter8 have (xTh to my attenbon. Ba•1• ol th• Ind•p•nd•nt •xamln•rfs r•port My examination was carried out in arrnrdance ryth the Gener81 Clireclions given by the Charfly Commission. An examinakn.on includes a rewew of the aCtunting records kepl by the charity 8nd a eomp8rl8on of the attountg wesented wrth those records. It also includes consbderabon of any unusual items or disclosures in the acCnts, arKI seeking exFlanatK?ns from you as trustees concemlng any such matters. The procèdures ur*dertaken do rKJI provldè all the evldence thal would be reqvired in an audil, and consequenlty no opinion is given as to whether the a¢counls presgnl 8 'true and far view, ond the roport 1$ limitod to thoso matters sgt out in Ihè stalèmen18 behjw. Ind•p•nd•nt •x•mln•rf• •t•tsm•nl In connection my examin8ts'on. no matter h85 (rne to my 8ttention'. {11 which gives me re880n8ble cause to bdieve tha( in any material resprf the requirernents to keep ac£g)untir¥J re(xJrds in 8txgYdan(% with Section 130 of the 2011 Acl,. and to prep8re Bccounts which accord I1h the 8ccounttng re¢ts and lo ¢Thnply the ac0nting requirements of the 2011 Acl have not been m8L OT (21 to which. in my 4Jinion. atterikn shoukl be drawn in order to enable a proper understandlng of the aAunt$ lo be Te8thed. Andrew Donaldson ACA 17 Lake Walk Adderbury B8nbury Oxfordshirp OX17 3PF Date.. 23 May 2024 Page 5
min onH in s Consolidated Cha ' em of Finawal Acliwties for the Year Ended 31 December 2023 31.12.23 Total luThJs 31.12.22 Total funds General fund Designated fund Restricted fund Notes Incomlng resources M8inten8nee contrfbullons 53,668 53.668 47.915 Investment income 8,281 716 9.477 5,887 Total Incoming resouru¥ 8.281 83,145 53,802 R•souvc•s •xpend¢d Direct tharltable gXP9nditurg Administration 10.384 28.102 6,714 38,486 6.750 35,328 6,142 Total r•sour¢•• expended 10,420 34.816 45.236 41,470 N•t Incornlng r••owc•• before Instrnent galnsl(losMs) Unroallsod galTr•lllo•Ms) on Inve•trMnts {2.139} 19,568 17.909 12,332 14,(K)1 8,671 22.672 {18,701} N•t mov•m•nt In fund8 11,862 19,568 9,151 40,581 (6,369) Reconclllotlon of lund¥ ToLIl funds tmught 10Th¥8rd 323.721 150.601 716,913 723.282 242.591 Tolal funds carrl•d forward 254,453 343,289 159,752 757,494 716,913 Contlnulng owratlons All incoming resources reS(rr expended arise fr¢#n continuing artivities. Page 6
Leamin tonH s Consoli Cha Ststement of Flnancial Pos At 31 D8cember 202 31.12.23 31.12.22 Gen81 DesvJnated RestriGt&J Total funds Total funds fund fuThJ fund Notes Flxed assets TangiNe assets Inveslmants 246.249 246.249 320.588 246,249 297,916 172.266 148,322 172,266 246.249 148.322 566.837 544,165 Current aM•ts Debtors Prepayrnents and acc¥ue income Cash al bank and in hand 1,453 1.453 158 8,138 8,138 188 045 11.430 169767 82.426 101.780 11,430 195,636 177,189 CrodKors Amounts falling due IMtIM'n e year {2391 (4.740) (4.979) {4,441) Net curr•nt asA•ts 190 657 172748 Total aJ••l¥ l•ss eurr•nt Ilabllltl•• 254.4S3 343,289 159,752 757,494 716,913 254.453 343.289 159 752 757.494 716913 Funds Unrestricted funds Restncted funds 10 597,742 159752 566,312 150601 Total fund* 716913 The finandal statements were approved by Ihe Board of Twstees on behalf by: d were signed on its Pdge 7
Id tes to the Finanda Statements for the Year Ended 31 December 2023 Accountlng polldes Das1¥ of aGGountlng The finala1 statements have been wepared in ance Ac£ounting and Reporting by Charities: Statement of Rec0frndod Pracb'c8 8pplicable to chariti'es preparing I1r accounts in accordance with the Financial Reportlry Standard applicable in the UK and Republic (rf Irel£rKI IFRS 1021 leffecttve 1 January 20151- (Charities SORP IFRS 102)). The charity rnee15 the def1 of a publc benefit entity under FRS 102. Assets and liabiltl'es are initially recognised at histcffic cost tranSaCtiOn value unless otherwise stated In the relevant acccuntsng policy note. Incoming r•iourc•8 Donations, legacios and grants rec•v8ble we actounted f as soon as Iheir amounl and recelpt are cena1n. In thé Case of wsoll¢>led donalion$ this 1$ usuelly onty when they are received, while fund raising r8sults are accounted for when the commitmenl is made by the d(or, 8uty.ect lo fuffibnent. Maintenance contribulKmS are recognised as Ihey fall due. Resour¢¢8 ?xpond•d l expenses are aCCnted tr on an aCcS basis. Expendllure Incurred In connectlon with the specific oblects of the charity is induded on an item by item bas[8 under the heading 'dI¢t charitable exp6NJII•'. Management and adminlstratson costs relale almost entirely to the operation of Ihe Almshwses 8nd all such costs have Iherefcye been allat•d agalnst d88lgnat8d funds. Expenditure includes irrecoverable VAT where incurred. Tanglbl• fix i*ets Freehold woperties are indj at htstoric c4)st. No deweciation Is provided as Ihe propertles are mantained to a standard that the estimaied residual value is not less than cost. Inv•8trner Fixed asset investments a st8ied al mwkel value in accordance wlth the Stat8m8nt of Recofflmended Pradicg. The Statement of Financiol Adlvllies incK>des those unr8alised gains and losses arising from the revaluat of Ihe iftveslrnent portlolio OJring the year. Investment incorne is wKounled lor on a receivAe basi$. Taxation The charty is ex8mpt frcffn tsx on its dwilth adivitie6. Page 8
ton Ha Notes he Financial SLemants- nIMued for the Year Ended 31 Dermber 2023 Investsnont Incomo 31.12.23 Totsl funds 31.12.22 Totsl funds nd Deposlt account irrteresl Dividwds 4,112 4.885 4,592 4.885 1.054 8.997 Dlrect charlt•ble expondltyr• 31.12.23 Tolal fund$ 31,12.22 Total funds Genwa Deswatsd fund Gas Eledrfcity Water rates Insurance Maintenance Gardening. Gleaning & sundrieg Charitsble payments & rellef in twd 7.328 1.041 1.681 1.936 10,338 5,778 7,328 1,041 1,681 1,936 10.338 5,778 10.384 9,298 1,088 1,872 13,712 5,023 3,388 10,384 10,384 28.102 38,486 35,328 Admlnlstration •xp•n••s Administration expenses includes £3,(*X) {2022 - £3.000} for Ihe dert( and £600 {2022 - £600) for the independ1 examh)ation ofts accounls, TnAte•s' r•mun•ratlon and l)8n•fits There re no trustees. remuneration other benefrts for the year ended 31 December 2023 nor for the year ende(131 December 2022. Tru8tees' exponses There were no trustees, expen686 p&d f the year ded 31 Drnber 2023 n¢y lor Ihe year ended 31 De(xntw 2022. Page 9
min ton H stin Cmsolidated C Notes to the Financial Statements- Contired for the Year Ended 31 December 2023 Tanglble Ilxed assets Freehold property Cost Al 1 January 2023 and 31 December 2023 246,249 Net book value At 31 December 2023 246 249 At 31 De¢embgr 2022 246.249 Flxed a••et Invostments Listed invostments Market valu• Al 1 January 2023 Revaluauons 297,916 22,672 At 31 Decembw 2023 320.588 2023 2022 Co Market value Market valu8 G•n•ral turd NAACIF Inc41me shares 11,663 shares 12022 11.663 shares) COIF Income units 8,152 units {2022 8,152 units) Reatrlet•d fund 2,953 10,476 2,953 10.300 85.000 161, 85,OlJ) 147,965 NAACIF Accumul81ion unbts 1.323 units (2022 1,323 unlts) 15.860 148.322 15.860 139,651 103,813 320,588 103.813 297916 There wexe no investment 8ssets outside the U Ptye 10
min onH Notes to the Flnancial Stalemerrts - conlwiued for th8 Yèar Ended 31 December 2023 Dèbtors: am4wnts lalllng du• wlthln one year 31.12.23 31.12.22 Trada debtors 158 158 Credltors. amounts falllng due wlthln one yew 31.12.23 31.12.22 TratJ8 CTedltors Other CTeditors 1,071 1,502 2,939 4.979 4.441 10. Movomont In fu N8t movermnt In fund5 Al 31.12.23 At 1.1.23 Unr•strict•d funds General fund Designated fund 242,591 323 721 11,862 19,568 254,453 666,312 31.430 597.742 Restrlcled fvnd• Restricted fund 150.601 9,151 159,752 Total funds 716913 757 494 Nel movement In funds, Included in the al are as lollows: Gain8 and losses IncomiT¥J Resources resources exponded Movement in funds Unrestrlcted funds General fund 8281 (10.420) 14,001 11,862 Designated fund 19,568 31,430 62,665 145,238) 14,001 R•slrlct8d funds Re5tri¢ted fund 8.671 9,151 45,236 40.581 Page11