Charity Number 235910 THE HARRY TURNER ALMSHOUSES TRUST Trustees, report and accounts For the year ended 5 April 2024 BARLOW ANDREWS LLP Chartered Accountants BOLTON
THE HARRY TURNER ALMSHOUSES TRUST Trustees, Annual Report For the year ended 5 April 2024 Contents Page Trustees, report REFERENCE AND ADMINISTRAnVE DAlL5 STRucfuRE, GOVERNANCE AND MANAGEMENT OBJECTIVES AND ACTIVITIES FINANCIAL REVIEW TRUSTEES, RESPONSIBILtTIES Independent Examiner's Report statement of Finanoal Artivitie5 Balance Sheet Notes tts the accounts
THE HARRY TURNER ALMSHOUSES TRUST Page I Trustees, Annual Report For the year ended 5 April 2024 The Trustees present thelr Annual Report together with the accounts ol the charity for the year ended 5 April 2024. The Trustees have adopted the provisions ol the Statement of Recommended Practice ISORPI "A¢¢ountin8 and Reporting by Charities- IFRS 1021 in preparing the Annual Report and 4¢¢ounts of the Charity. REFERENCE AND ADMINISTRATIVE DEtAIiS Trustees L Podmore- Chainnan Mrs C Woulds M G Garrett Ms V Saunders Mr5 A Sullivan K Podmore M Daglish Mrs D Bennett Principal Address t l o Xeinadin 100 Barbirolli Square Manchester M2 3BD Principa18anker HSBC 2- 4 St Ann's Square Manchester M2 7HD Independent Exarniner Alison Cornes FCA clo Barlow Andrews LLP Carlyle House 78 Chgrley New Road Bolton Lan15 BLI 4BY Solicitors Chafes Ha8ue Lambert 24 Primrose Avenue Urmston Manchester M41 OTY Charity Number 235910
THE HARRY TURNER ALMSHOUSES TRUST Page 2 Trustees, Annual Report For the year ended 5 April 2024 STRUCtURE, GOVERNANCE AND MANAGEMENT Legal structure The Trust wa5 treated by Deed on 22 November 1929, Charity Nurnber 235910. The tharity funds were promded from the estate of Harry Turner. deceased, who dled on 2 Marih 1929. A new trust deed was adopted on 10 August 1999 Ithe'Deed'l. Elertn of trustee5 The elertion of trustees is 8ovemed by the Deed. The affairs ol the Charity are administereij by the Trustees. The day-to-day management ind administration of the Trust is undertaken by the Trustee with the appropriate specific knowledge aftd skS11s. Publlc benefit The Trustees believe they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity cornm5$10n. Rlsk pollcy The trustees consider the risks to which the charity is exposed and have taken appropriate steps to minimise these. OBJECTIVES ANDACTIVITIES The Trust Fund shall be applied in the erertion and maintenance of almshoyse5 lor persons eligible for occupancv. Ellgibility 15 strictly defined by the Deed. The charity provides comparable category I housing for the elderly and needy in tompliance with the twst deed. The trustees consider that they are relievin8 poverty and providing a public benefit in compliance with the Charlties Act 2011. FIPIANCIAL REVIEW Resuhs forthe year The results lor the year ended 5 April 2024 are summarised as follow5 Gross income Charitable activities lexcluding quinquennial works) 2024 2023 189.650 1175,3591 183.405 120¢.7851 Net income lexpenditurel for the year 14.291 121,3801 There 15 3 tontlnuous pro£rammè of modernisation and upgrading of the existin8 Stotk of almshouses with expenditure 01 £98.637 incurred during the year 12023 £126,358) in this respect. Further modernisation is CLtrrently being undertaken and a rollin8 pro8ramme will tontinue into luture years. R•ser¥es polKy The policy ol the trustees is to hold sufficient reseryes to enable them to maintain and develop the stotk ol almshouses. At 5 April 2024 total reserves amounted to £1.926,638 12023.. £1,912,347). Thi5 includes an endowment fund of £485,000 12023.. £485,OCx)l and a designated fund of £120,QJO 12023.. E120.(X)01. The designated fund has been set up tts ¢over future quinquennial works.
THE HARRY TURNER ALMSHOUSES TRUST Pa8e 3 Trustees, Annual Report For the year ended 5 Aprll 2024 TRUSTEES. RESPONS161UTIES The Trustees are responsible for the preparation of financial statements for each financial year which 8ive a true and fair view of the Charity's incoming resources and application of resources during the year and of its state of allairs at the end of the year. In preparing those attounts. the Trustees are required t select suitable accountin8 policies and then apply them consistently make judgmenis and esiimates that a reasonable and prudent state whether applicable accounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements, and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation. The responsibilities of the Trustèès intlude keèping proper attounting retords which distlose. wth rèasonable 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. The Trustees are also responsible lor safeguarding the Charity's assets and hence for taking reasonable steps for the prevention and detection of fraud and breaches of law and regulations. We approve the trustees, report and the account5. as set out on pages 5 to 9. and confirm that we have made available all relevant recgrd5 and informatlgn for their preparation. WQL M G GARRETt LPODMORE Date 29 January 2025
Ind•p•nd•nt Ex¥min*'s RÈport To the Trustee5 of Paee 4 THE HARRY TURNER ALMSHOUSES TRUST I report to the tru5tee5 on my examin?tion of ihe accounts ol the The Harry Turner Almshou5e5 Tiust (the Trustl lor the year ended 5 Aprll 2024. which are set out on pages S to 9. This report is mède solely to the chariWs trustees. as a body+ in accordan£e with seetion 154 of the Charities Act 2011. My independent examirner's work has been undertaken so that I might state to the charit¢5 tru5leÈs those matters l am required to State to them in an independent examne¢s report and for no other purpose. To ihe fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity. the charity's mernbers as a body and the charivs trustees a5 a body for my independent examinerfs work, for this report. orlor the opinions I have ftsrmed. Re5ponybilitits and basls of repLIrt As the charity trustees of the Trust you are responsible for the preparation ol the xcounts in accordance with the requirements of the Charitie5 Act 20111.the Act'l. I report in respect of rny exarnination of the Trust's accounts carried out undèr sertion 145 of the 2011 Act and in carrying Out my examination I have followed all the applicable Dir?ctions given by the Charity Commission under section 14515llbl of the Act. Independènt èxamlnerfs 5taternent I have completed my examination. I confirrn that no material matters havÈ tome to my attention in conneciion wth the examination 6iving me cause to believe thai in any material respect-. attounting record5 were not kept in respect of the Trust as required by section 130 of the Act- or 2. the accounts do npt 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 IA£counts and Reportsl Regulations 2008 other than any requirement that the accounts give ? 'true and Ixirf vièw which is not a matter considered as part of an independent examination. I have no concern5 and have come across no other matters in connection with the examination to whith attention should be drawn in this report in order to enable a proper understsndin8 of the account5 to be reached A1I50n Cornes FCA BARIOW ANDREWS LLP Chartèred A¢¢ountants Carlyle House 78 Chorley New Road Bolton. BU 4BY Date.. Jan 29, 2025
THE HARRY TURNER ALMSHOUSES TRUST Page 5 Statement of Financial Activities For the year ended 5 April 2024 Note 2024 2023 INCOME AND ENOOWMENTS Income from f haritablè artl¥hle5 Licence lee income Other income 189,194 183.033 Investment Intome- bank Interest 456 372 Totsl incomè 189.650 183.405 EXPENDITURE Charltsble actlv6tb¢s Property cost5 Water fates Repairs and modernisation of property Quinquennial works Insurance Warden Service Depreciation oiher expènses Professional fees Legal service5 8ank charges Subscriptions Sundries Gift5 to residents G(wemante costs Trustees, administration fees Professional fees Independent examiners fee 12,033 98,637 11,079 126,358 5.209 5,847 16.883 4,422 4,721 18,587 9.400 3.808 89 333 760 7.3QJ 5,100 77 35 14,300 11,300 1.656 1.628 Totsl Èxpendlture 175.359 204.785 Net In¢ome lexpendltllfel I movement In lunds 14291 121.3801 At 6 April 2023 1,912B47 1,933,727 At S April 2024 1.926.638 1.912.347 All income and expènditure lor both the current and preceding year are unresiricted.
THE HARRY TURNER ALMSHOUSES TRUST Page 6 Balance Sheet At 5 April 2024 Note 2024 2023 Fed assets Tangible fixed assets 1,499,9 1.516.873 Current assets Sundry debtors Cash at bank 1,337 451171 1,203 415,577 453.$08 416,780 Cfeditors.. amounts falling due within onè yèar Actrued expenses 126,8601 121,3061 Net current assets 426,648 395,474 Net assets 1.926.638 1,912,347 Funds Permanent endowment fLtnds 485,000 485,OJO Unrestricted funds General funds Desi8nated funds 1.321.638 120.000 1.307.347 120,0(M) Total funds 1.926.638 1.912,347 These accounts were approved by the trustees and signed on their behalf by.. HQQ. M G GARRETt L PODMORE Date= 29 January 2025
THE HARRY TURNER ALMSHOUSES TRUST Pa8e 7 Notes to the accounts For ihe year ended 5 April 2024 General Information The Hary Turner Almshouses Trust was created by Deed on 22 November 1929. Charity Number 235910. The charity funds were provided from the estate of Harry Turner. deceased. who died on 2 March 1929. A new trust deed was adopted gn 10 Au8USt 1999 Ithe 'Deed'l. The printipal addres5 from which the charity 15 administered is 100 Barbirolli Square. Manchester. M2 38D. The tharity's operations and principal activity are the provision of comparable cate80ry I housin8 for the eldedy arnd needy in compliance with the trust deed. The charity constitute5 a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with the 5taiement of RecornmèndÈd Practice.. Accounting and Reportin8 by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 Issued in October 2019 and the Charltles Act 2011 and LIX Generolly Accepted Practice 05 it applies from l January 2019. The financial statements have been prepared to 8ive a 'true and fairf view and havè departed Irom the Charities IAccounts and Report51 Re8ulations 2008 gnly to the exient required to provide a 'true and fairf view. This departu has involved following Accounting and Reportin8 by Charilies preparing rheir account5 in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021 issued in October 2019 rather than the Accounting and Reportin8 by Charities". Statement ol Recommended Practice effective from l April 2005 which has sinte been withdrawn. Atcounting pollcle5 asi5 of accountln8 The accounts are prepared on a goin8 concern basis under the htstorical cost convention, modified to include certain items at fair value. The actounts are prepad in sterling which is the functional currency Df the tharity. The significant accounting pol¢¢ies applied in the preparation of these aciounts are set out below. These polities have been consistently applied to all years presented unless othe1$e stated. Intome Income from licence fees is credited to the statement C*f financial activitlès whèn received. 111. Expendhure 'rectly attributable expenditure on costs are charged to dired charitable expenditure.. indirett expenditure is allocated to the heading5 of that activity. l¥. Fbxed assets and depreclatlon Depre£iation is provided on all iangible fixed assets at rates calculated to write off ihe cost or valuation lèss the estimated residual value on a straight line basis overthe expected useful life. Almshouses The first and setond phase of the Almshouse construction were revalued at 10 October 1995. The third phase of construction is included in the accounts at cost of constvuttion. No depreciation has been charged on this freehgld property a5 It is considered that the property is maintained to such a standard that no diminution in value has taken place and that any depreciation would be immaterial because gf the high estimated residual valuÈ. The cost ol major improvemenis to the Almshouses is tapiralised. Depreciation has been provided at thè following rates.. Improvements to Almshouses straight line basis at the rate ol IO% per annum. Repalrs and modernlsation of property There is a tontinuing rollin8 programme of repairs and modèrnisation of the properties. The trustees will only sanciion this work when they are satisfied that the trust has suflicient available cash resources to cover thèse Costs. On this basis, all Èxpenditure in respect of repair5 and modernisation is accounted for on a cash paid basis as the trustees consider that this Is the most appropriate in the circumstancès.
THE HARRY TURNER ALMSHOUSES TRUST Page 8 Notes to the accounts For the year ended 5 April 2024 Icontinuedl Accountinl pollcles IcontSnuedl Debtors and creditors receivablelpayable within oht ar Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at tran5actioft priee. Any10s5es arising from impairment are recosnistd in expenditure. vlk Fund actountl Unrestricted funds comprise accumulatèd surpluses and deficits that ale available for use at the discretion of the trustees in furtherance ol the 8eneral objectives of the charity. Dèsignated funds comprise unrestricted fur*ds that have been set aside by the trustees for particular purposes. There Is a quinquennial review of all the properties which can identify significant expenditure. The trustees believe that st 15 appropriate to desi8nate fund5 to cover ihis cost and will olloute pari tsf the retained surplus to cover these. Actual costs incurred as a result ol the quinquennial review will be allocated against this fund to the èxtent that there are available funds to cover it. Permanent endowment funds represent the pem)anent funds of the charity. ¥•li. GolnB concem The financial statemènts have been preparèd on a 8oin8 concern basis as the trustee5 believe that no material uncertainties exist. The trustees have considered the level ol fund5 held and the expected level of income and expenditure for 12 months from authori5in8 these financial ststements. The budgeteij income and expenditure is sufficient with the level of reserves for the charitv to be able to continue as a RoinR concern. Independent examlner The fee paid to the independent examiner amount to £1,65612023.' £1.5001 plus value added tax. TanÉrble fixed assets Improvements to Almshouses Almshouses Total Cost At 6 April 2023 Additions 1.490.473 315,561 I.80634 At 5 April 2024 IA90,473 315,561 1,806,034 At cost At valuation 1,005,473 485,000 315,561 1.321,034 485,( 10 October 1995 1,49)A73 315.561 1.806,034 Depreclatlon At 6 April 2023 Charge for the year At 5 April 2024 Nei book Wdlue At S April 2024 289.161 I683 289.161 16.883 1,490.473 91? 1.499.990 At 6 April 2023 1.490.473 26.400 1,516,873 The ori8inal cost of the Almshouses valued at £485.OQK) was £240.932
THE HARRY TURNER ALMSHOUSES TRUST Page 9 Notes to the accounts For the year ended 5 April 2024 Icontinuedl FftdS. current year movement 2023 Net Incomq Tfanslers 2024 Permanent endowment fvnds 485.C 485.000 UnrestrKted fund$ General funds Designated funds 1.307.347 I20,XI 14.291 1.321,638 120,tklO 1,427.347 14,291 IA41.638 Total lunds 1,912,347 14,291 1.926.638 Funds- prior year movement 2022 Net Intome TraNfers 2023 Permanent endowmeDt fvnds 485.oflj 485,1XJO Unrertvirted fvnds General funds Designated funds 1,328,727 120.Crf)O 121,3801 1.307,347 120,000 1.448,727 121,3801 1.427.347 Total funds 1,933,727 121,3801 1.912,347 Tranwtlon5 wlth trustees The Scheme ru1È5 provide that any trustee who possesses special skills and knowled8e reouired by the charity for its proper administration to make and be paid all reasonable charges lor work of that nature done by him or her or his or her lirm when instructed by the other trustees to act on behalf ol the charity. The trustee must withdraw from any meeting of the tTUStee5 whilst his or her own instruction or remuneration or thal ol hi5 or her lirm is being discussed. Mr M G Garrett 15 a partner in Kay Johnson Gee who provide the adrninistration service to the trust. Charges amounted to E12,000 plus VAT12023- £12.0 plus VATI during the year. Mrs A Sullivan is a partner with Chafes Hague Lambert who provide the trust with legal ser*ices which amounted to £4,250 plus VAT12023 £3.CQO plus VATI durin8 the year. Mr M Daglish is a mana8er at Chadwitk & Company. Fees are payable ol £1,5LX) plus VAT12023 - £1,5 plus VATI in respect of servi5 provided during the year. Fees payable to the irustees during the year was as follows: 20Z4 2023 Mrs C Woulds Ms V Saunder5 MT L Podmore Mr K Podmore Mrs D Bennett 1.500 1.51x1 I,soo 1.5 The tharity has paid for trustees, indemnity insurance incoTptsrated within the overall insurance tosts. FJnaficlal InstNments 2024 2023 Carrying amount of financial liabilities Measured at amorti5ed c95t 26A60 21,306