# **HEZMALHALCH’S CHARITY**
## **FELLISCLIFFE ALMSHOUSES**
**Report and Financial Statements for the year ended 31 December2024**
**Registered Charity No: 236143**
## **HEZMALHALCH’S CHARITY**
## **FELLISCLIFFE ALMSHOUSES**
|**Contents**|Page|
|---|---|
|Legal and administrative information|1|
|Report of the Trustees|2|
|Report of the Independent Examiner|5|
|Statement of financial activities|6|
|Balance sheet|7|
|Accounting Policies|8|
|Value of trust investments|9|
|Maintenance analysis|10|
|Post balance sheet event|11|
**HEZMALHALCH’S CHARITY (referred to as the HEZMALHALCH TRUST in the remainder of the document)**
## **FELLISCLIFFE ALMSHOUSES**
## **Legal and administrative information**
## Trustees
Reginald Houseman Chairman Joseph Andrew Brown John Richard Sims Lazenby Peter Charles Nicolas Capel-Cure Judith Charlesworth Ex officio Resigned 23[rd] April 2023 Revd S McCarter Ex officio Resigned 16[th] June 2023 Elizabeth Wickenden Resigned 16[th] November 2023 Josephine Elizabeth Caroline Shepherd Ex officio appointed 23[rd] April 2023
Bankers Barclays Bank plc 25 James Street Harrogate HG1 1QX
Secretary to the Trustees Reginald Houseman
Treasurer to the Trustees P.C.N. Capel-Cure 14 High Street Hampsthwaite Harrogate HG3 2ET
Solicitors
Wrigleys Solicitors LLP 19 Cookridge Street Leeds LS2 3AG
Independent Examiner M.A.J. Holden, FCCA Swincliffe Top Cottage Swincliffe Top Hampsthwaite Harrogate HG3 2HX
Page 1
## **HEZMALHALCH TRUST**
## **FELLISCLIFFE ALMSHOUSES**
## **Report of the trustees for the year ended 31 December 2024**
The trustees present their report along with the financial statements of the charity for the year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies set out on page 8.
## Constitution and objects
The Hezmalhalch Charitable Trust was established by an original Trust Deed dated 8 May 1893 by Mr Joseph Hezmalhalch and Miss Mary Hezmalhalch, in memory of their brothers Thomas and James Hezmalhalch.
The objects are to administer the five Almshouses, Chaplaincy fund, Church Repair Fund relating to the Chapel of Ease adjoining the Almshouses built by Mr Joseph and Miss Mary Hezmalhalch, and the Poor Fund bequeathed in the Trust. These objects have been carried out historically as follows: -
- a) Maintain the fabric of the almshouses.
- b) Provide funds to enable the fabric of the chapel of ease to be maintained in good order.
- c) Support the stipend of the Chaplain and any expenses incurred.
- d) Contributions to support local community activities as the trustees feel fit.
- (Refer to clause 14).
Clause 14 of the original will dated 8[th] May 1893 reads as follows: -
“That Trustees may, from time to time, make such rules and by-laws for and in relation to the conduct of the business of the charity, not inconsistent with the main objects of the foundation, as they may think fit.”
## Organisation
The Trustees who have served in the year are set out on page 1. Trustees are appointed by the board of trustees. There are no minimum or maximum terms of service. The Trustees meet annually or more frequently to attend to any urgent business.
The assets of the Hezmalhalch Trust are to be transferred into a Charitable Incorporated Organisation (CIO) no 1182128. This is still ongoing after seven years. Once this has been completed the original trust no 236143 will be closed.
Page 2
## **HEZMALHALCH TRUST**
## **FELLISCLIFFE ALMSHOUSES**
## **Report of the trustees for the year ended 31 December 2024 (continued)**
## Grant making policy
The Trustees are bound by the terms of the charity’s deed to apply funds for the objects set out above. In practice payments are made to support the maintenance of the Almshouses and contributions to Felliscliffe Chapel of Ease when required.
## Financial review and investment policy
The charity’s income is mainly generated from rents received from the Almshouses. These rents are reviewed from time to time by the rent service, a government agency. Government stocks held by the charity were redeemed during 2015 and the funds have been received as cash and not reinvested. All investments held remain with COIF Charity Funds administered by CCLA Investment Management Ltd. The Property Fund Income Units dividends continue to be reinvested as previously.
During 2024 there was minimal maintenance necessary on the cottages. Sadly, the resident in cottage 3 died in November. Further maintenance will be required before the cottage will be able to be relet during 2025.
There were outstanding rent arrears at the year end. It is anticipated that the rent arrears will be made good by 2026.
## Reserves policy
The Trustees current policy is to build up reserves to enable sufficient funds to be available to cover maintenance requirements for the Almshouses and to support Felliscliffe Chapel of Ease.
The trust is very small and the Trustees consider that there is no significant level of risk to the charity’s funds, other than that which can be managed by prudent bookkeeping procedures and secure operation of the charity’s banking arrangements. The Trustees consider that the present arrangements are satisfactory.
Page 3
## **HEZMALHALCH TRUST**
## **FELLISCLIFFE ALMSHOUSES**
## **Report of the trustees for the year ended 31 December 2024 (continued)**
Risk management
Trustees’ responsibility in relation to the financial statements
Law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the Trustees are required to:
- Select suitable accounting policies and then apply them consistently;
- Make judgements and estimates that are reasonable and prudent;
- State whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the statements; and
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume to presume that the charity will continue in business.
The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Trustees and signed on their behalf by:
Trustee Treasurer
Page 4
## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE HEZMALHALCH TRUST**
This report on the financial statements of the Charity for the year ended 31 December 2024, which are set out on pages five to eleven, is in respect of an examination carried out in accordance with section 145 of the Charities Act 2011.
## **Respective responsibilities of the Trustees and the examiner**
As trustees of the Charity you are responsible for the preparation of the financial statements. You consider that the audit requirement of the Regulations and section 145 of the Act do not apply. It is my responsibility to issue this report on those financial statements in accordance with the terms of the Regulations.
## **Basis of this report**
My examination was carried out in accordance with the General Directions given by the Charity Commission under section 145(5)(b) of the Act and that examination includes a review of the accounting records kept by the Charity and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the financial statements and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
## **Independent examiner’s statement**
In connection with my examination, no matter has come to my attention:
- (1) which gives me reasonable cause to believe that in any material respect the requirements
- to keep accounting records in accordance with section 130 of the Act; and
- to prepare financial statements, which accord with the accounting records and comply with the requirements of the Act and the Regulations
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed ………………………….. Date ……………….
M.A.J. Holden, FCCA Swincliffe Top Cottage Swincliffe Top Hampsthwaite Harrogate HG3 2HX
Page 5
**HEZMALHALCH TRUST (FELLISCLIFFE ALMHOUSES)**
## **STATEMENT OF FINANCIAL ACTIVATIES**
## **FOR THE YEAR ENDING 31 DECEMBER 2024**
|Notes
**INCOMING RESOURCES**
**Voluntary income**
Grant from Frank Watson re share contribution
**Activities for generating funds**
**Charitable activities**
Almshouses rent
Millenium Hall car park rent
Rates recovered
**Income from investments**
Dividends
Deposit interest
**RESOURCES EXPENDED**
**Cost of generating funds**
**Charitable activities**
Building works ( cottages)
Painting
Plumbing
Electrical
Vacant cottage electricity supply
Vacant cottage rates
Other cottage expenses
Ground maintenance
Page 10
Insurance
Property sale costs
Miscellaneous
Clergy Stipend Fund & expenses
**Management and administration**
**Governance costs**
Almshouse Association
Legal fees
**Operating surplus for the year**
Realised gains
Unrealised gains / (losses)
**Net incoming resources for the year**|2024
2023
£
£
-
-
-
-
24,492
22,877
15
15
-
24,507
22,892
415
389
694
568
1,109
957
25,616
23,849
-
11,485
-
-
-
906
-
-
-
15
-
(598)
1,002
1,285
1,335
2,287
13,143
1,347
1,326
-
-
-
-
-
-
3,634
14,469
-
-
267
153
-
-
267
153
267
153
3,901
14,622
21,715
9,227
-
-
4,092
13,083
25,807
22,310.00|
|---|---|
||267
-|
||267|
Page 6
## **HEZMALHALCH TRUST (FELLISCLIFFE ALMHOUSES)**
## **BALANCE SHEET AT 31 DECEMBER 2024**
|Notes||2024||2023|
|---|---|---|---|---|
|||£||£|
|**Investment Assets**|||||
|COIF Property fund|7,797||7,475||
|COIF investment fund|121,986||117,802||
|Page 9||129,783||125,277|
|**Current Assets**|||||
|Bank current account|66,687||55,704||
|Bank premium account|-||-||
|Bank business tracker|-||-||
|COIF deposit account|14,231||13,537||
|||80,918||69,241|
|**Debtors**|||||
|Hall car park rent|30||15||
|Felliscliffe Church|8,651||7,064||
|Outstanding rent|3,607||2,321||
|||12,288||9,400|
|**Total current assets**||93,206||78,641|
|**Current liabilities**|||||
|**Creditors: amounts falling due within one year**|||||
|Trade creditors||4,628||4,570|
|Loan due to The Almshouses Association||6,794||6,794|
|||11,422||11,364|
|Net current assets||81,784||67,277|
|**Creditors: amounts falling due after one year**|||||
|Loan due to the Almshouses Association||40,761||47,555|
|**Net Assets**||170,806||144,999|
|**Trust funds**|||||
|Reserves Brought Forward 1 January 2024||144,999||122,689|
|Net Surplus / (Deficit) for the Year 2024||25,807||22,310|
|Reserves carried forward 31 December 2024||170,806||144,999|
The notes on pages 8 to 10 form part of these accounts
Approved by the Trustees on and signed by the Chairman
Page 7
**HEZMALHALCH TRUST**
## **FELLISCLIFFE ALMSHOUSES**
## **Financial Statements for the year ended 31 December 2024**
## **Notes to the Financial Statements**
## 1. **Accounting convention**
The financial statements are prepared under the historic cost convention in accordance with the Financial Reporting Standard for Smaller Entities. In preparing the financial statements the charity follows best practice as laid down in the statement of Recommended Practice “Accounting and Reporting by Charities” (SORP 2015). The accounts have been prepared on an accruals basis.
## **Incoming resources**
Rents collected and investment income are accounted for on an accruals basis.
## **Resources expended**
Expenditure incurred on the upkeep of property is accounted for on an accruals basis. Any grants provided are charged to the income and expenditure account in the year in which they are authorised or allocated when they are shown as commitments in the accounts. The charity employs no staff and incurs no support costs.
## **Investments**
Investments are stated at the mid-price as stated at 31 December 2024.
Page 8
**HEZMALHALCH TRUST (FELLISCLIFFE ALMHOUSES)**
## **Value of Charituy Fund investments at 31st December 2024**
## **Value of Trust Assets**
|**Value of Trust Assets**|**Value of Trust Assets**|**Value of Trust Assets**|
|---|---|---|
|Date
Further
Units Additions
Updated
Units
Original
cost
Additions
Revised
cost
Market
value
Purchases
Revised
closing
value
Market
value
Surplus
purchasedpurchases
2023
2024
(deficit)
COIF Property Fund C03041580
30/12/2004
473.44
26,656.00
26,656.00 117,801.79
121,986.08 4,184.29
COIF Investment Fund Accumulation
Units C03041581
25/08/2015 2017-22 5,065.24
1,744.08 7,159.51
2,962.00 2,881.23
6,258.11
7,474.52
414.88 7,889.40
7,796.70
(92.70)
2023
389.58
414.88
0.00
7,549.09 29,618.00 3,296.11 32,914.11 125,276.31
7,889.40 129,782.78 4,091.59
COIF property Fund Income Units
4,091.59
29/02/2024
91.97
98.08
31/05/2024
104.70
110.95
30/08/2024
96.11
102.26
29/11/2024
96.80
103.59
389.58
414.88
COIF Property Fund Accumulation
Units converted to Income Units August
2016
30/12/2004
2,140.64
2,962.00
2,962.00
5,405.76
5,405.76|||
|||7,549.09 29,618.00 3,296.11 32,914.11 125,276.31
7,889.40 129,782.78 4,091.59|
||4,091.59
91.97
98.08
104.70
110.95
96.11
102.26
96.80
103.59
389.58
414.88
2,140.64
2,962.00
2,962.00
5,405.76
5,405.76||
Page 9
## **HEZMALHALCH TRUST (FELLISCLIFFE ALMHOUSES)**
## **Cottage Maintenance 2024**
|**Maintenance Analysis**
Cottage No.1
Cottage No.1
Cottage No.2
Cottage No.2
Cottage No.3
Cottage No.4
Cottage No.5
General ground maintenance
Repair security lighting|Building
Works
PlumbingElectrical Electricity Ground
Rates Total
1
2
3
4
5 General
supply
Maint
Building Works
Cottages|
|---|---|
||0.00
0.00
0.00
0.00
707
707.00
215.00
215.00
0.00
0.00
0.00
0.00
0.00|
||0.00
0.00
707.00
215.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
922.00|
Page 10
## **HEZMALHALCH TRUST**
## **FELLISCLIFFE ALMSHOUSES**
## **Report of the trustees for the year ended 31 December 2024 (continued)**
## **Post balance sheet event**
From 19[th] February 2019 the charity has been registered as a Charitable Incorporated Organisation. New registration from that date 1182128.
From the Charitable Incorporated Organisation’s incorporation Trustees are appointed on a rotational basis.
The Trustees for the CIO are as follows: -
John R S Lazenby (until 1.06.2026) Joseph A Brown (until 1.06.2024) Reginald W Houseman (until 1.06.2026) Peter C N Capel Cure (until 1.06.2024) Josephine C E Shepherd Ex officio appointed on 23[rd] April 2023 Mrs G Clough Appointed on 8.03.2023 until 1.06.2026 Mrs E Knox Appointed on 8.08.2023 until 1.06.2026
When the property and land held by the existing trust is transferred to the Incorporated Charitable Organisation (CIO), this will enable the trustees to be indemnified from any personal liability; however, as Wrigleys who are acting on the Trust’s behalf have as yet to organise the transfer of the assets from the existing trust and the transfer of assets from the Miss Mary Hezmalhalch Charities to the new CIO the Hezmalhalch’s Charity and the Miss Mary Hezmalhalch Charities have been unable to be closed, consequently the trustees are still exposed to any liabilities that may arise. The transfer is ongoing.
Currently the listed trustees stated on page 1 remain in post for the existing Hezmalhalch’s Charity, number 236143 which continues to be responsible for running the Almshouses at Felliscliffe..
Page 11
# **HEZMALHALCH’S CHARITY**
## **FELLISCLIFFE ALMSHOUSES**
**Report and Financial Statements for the year ended 31 December2024**
**Registered Charity No: 236143**
## **HEZMALHALCH’S CHARITY**
## **FELLISCLIFFE ALMSHOUSES**
|**Contents**|Page|
|---|---|
|Legal and administrative information|1|
|Report of the Trustees|2|
|Report of the Independent Examiner|5|
|Statement of financial activities|6|
|Balance sheet|7|
|Accounting Policies|8|
|Value of trust investments|9|
|Maintenance analysis|10|
|Post balance sheet event|11|
**HEZMALHALCH’S CHARITY (referred to as the HEZMALHALCH TRUST in the remainder of the document)**
## **FELLISCLIFFE ALMSHOUSES**
## **Legal and administrative information**
## Trustees
Reginald Houseman Chairman Joseph Andrew Brown John Richard Sims Lazenby Peter Charles Nicolas Capel-Cure Judith Charlesworth Ex officio Resigned 23[rd] April 2023 Revd S McCarter Ex officio Resigned 16[th] June 2023 Elizabeth Wickenden Resigned 16[th] November 2023 Josephine Elizabeth Caroline Shepherd Ex officio appointed 23[rd] April 2023
Bankers Barclays Bank plc 25 James Street Harrogate HG1 1QX
Secretary to the Trustees Reginald Houseman
Treasurer to the Trustees P.C.N. Capel-Cure 14 High Street Hampsthwaite Harrogate HG3 2ET
Solicitors
Wrigleys Solicitors LLP 19 Cookridge Street Leeds LS2 3AG
Independent Examiner M.A.J. Holden, FCCA Swincliffe Top Cottage Swincliffe Top Hampsthwaite Harrogate HG3 2HX
Page 1
## **HEZMALHALCH TRUST**
## **FELLISCLIFFE ALMSHOUSES**
## **Report of the trustees for the year ended 31 December 2024**
The trustees present their report along with the financial statements of the charity for the year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies set out on page 8.
## Constitution and objects
The Hezmalhalch Charitable Trust was established by an original Trust Deed dated 8 May 1893 by Mr Joseph Hezmalhalch and Miss Mary Hezmalhalch, in memory of their brothers Thomas and James Hezmalhalch.
The objects are to administer the five Almshouses, Chaplaincy fund, Church Repair Fund relating to the Chapel of Ease adjoining the Almshouses built by Mr Joseph and Miss Mary Hezmalhalch, and the Poor Fund bequeathed in the Trust. These objects have been carried out historically as follows: -
- a) Maintain the fabric of the almshouses.
- b) Provide funds to enable the fabric of the chapel of ease to be maintained in good order.
- c) Support the stipend of the Chaplain and any expenses incurred.
- d) Contributions to support local community activities as the trustees feel fit.
- (Refer to clause 14).
Clause 14 of the original will dated 8[th] May 1893 reads as follows: -
“That Trustees may, from time to time, make such rules and by-laws for and in relation to the conduct of the business of the charity, not inconsistent with the main objects of the foundation, as they may think fit.”
## Organisation
The Trustees who have served in the year are set out on page 1. Trustees are appointed by the board of trustees. There are no minimum or maximum terms of service. The Trustees meet annually or more frequently to attend to any urgent business.
The assets of the Hezmalhalch Trust are to be transferred into a Charitable Incorporated Organisation (CIO) no 1182128. This is still ongoing after seven years. Once this has been completed the original trust no 236143 will be closed.
Page 2
## **HEZMALHALCH TRUST**
## **FELLISCLIFFE ALMSHOUSES**
## **Report of the trustees for the year ended 31 December 2024 (continued)**
## Grant making policy
The Trustees are bound by the terms of the charity’s deed to apply funds for the objects set out above. In practice payments are made to support the maintenance of the Almshouses and contributions to Felliscliffe Chapel of Ease when required.
## Financial review and investment policy
The charity’s income is mainly generated from rents received from the Almshouses. These rents are reviewed from time to time by the rent service, a government agency. Government stocks held by the charity were redeemed during 2015 and the funds have been received as cash and not reinvested. All investments held remain with COIF Charity Funds administered by CCLA Investment Management Ltd. The Property Fund Income Units dividends continue to be reinvested as previously.
During 2024 there was minimal maintenance necessary on the cottages. Sadly, the resident in cottage 3 died in November. Further maintenance will be required before the cottage will be able to be relet during 2025.
There were outstanding rent arrears at the year end. It is anticipated that the rent arrears will be made good by 2026.
## Reserves policy
The Trustees current policy is to build up reserves to enable sufficient funds to be available to cover maintenance requirements for the Almshouses and to support Felliscliffe Chapel of Ease.
The trust is very small and the Trustees consider that there is no significant level of risk to the charity’s funds, other than that which can be managed by prudent bookkeeping procedures and secure operation of the charity’s banking arrangements. The Trustees consider that the present arrangements are satisfactory.
Page 3
## **HEZMALHALCH TRUST**
## **FELLISCLIFFE ALMSHOUSES**
## **Report of the trustees for the year ended 31 December 2024 (continued)**
Risk management
Trustees’ responsibility in relation to the financial statements
Law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the Trustees are required to:
- Select suitable accounting policies and then apply them consistently;
- Make judgements and estimates that are reasonable and prudent;
- State whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the statements; and
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume to presume that the charity will continue in business.
The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Trustees and signed on their behalf by:
Trustee Treasurer
Page 4
## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE HEZMALHALCH TRUST**
This report on the financial statements of the Charity for the year ended 31 December 2024, which are set out on pages five to eleven, is in respect of an examination carried out in accordance with section 145 of the Charities Act 2011.
## **Respective responsibilities of the Trustees and the examiner**
As trustees of the Charity you are responsible for the preparation of the financial statements. You consider that the audit requirement of the Regulations and section 145 of the Act do not apply. It is my responsibility to issue this report on those financial statements in accordance with the terms of the Regulations.
## **Basis of this report**
My examination was carried out in accordance with the General Directions given by the Charity Commission under section 145(5)(b) of the Act and that examination includes a review of the accounting records kept by the Charity and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the financial statements and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
## **Independent examiner’s statement**
In connection with my examination, no matter has come to my attention:
- (1) which gives me reasonable cause to believe that in any material respect the requirements
- to keep accounting records in accordance with section 130 of the Act; and
- to prepare financial statements, which accord with the accounting records and comply with the requirements of the Act and the Regulations
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed ………………………….. Date ……………….
M.A.J. Holden, FCCA Swincliffe Top Cottage Swincliffe Top Hampsthwaite Harrogate HG3 2HX
Page 5
**HEZMALHALCH TRUST (FELLISCLIFFE ALMHOUSES)**
## **STATEMENT OF FINANCIAL ACTIVATIES**
## **FOR THE YEAR ENDING 31 DECEMBER 2024**
|Notes
**INCOMING RESOURCES**
**Voluntary income**
Grant from Frank Watson re share contribution
**Activities for generating funds**
**Charitable activities**
Almshouses rent
Millenium Hall car park rent
Rates recovered
**Income from investments**
Dividends
Deposit interest
**RESOURCES EXPENDED**
**Cost of generating funds**
**Charitable activities**
Building works ( cottages)
Painting
Plumbing
Electrical
Vacant cottage electricity supply
Vacant cottage rates
Other cottage expenses
Ground maintenance
Page 10
Insurance
Property sale costs
Miscellaneous
Clergy Stipend Fund & expenses
**Management and administration**
**Governance costs**
Almshouse Association
Legal fees
**Operating surplus for the year**
Realised gains
Unrealised gains / (losses)
**Net incoming resources for the year**|2024
2023
£
£
-
-
-
-
24,492
22,877
15
15
-
24,507
22,892
415
389
694
568
1,109
957
25,616
23,849
-
11,485
-
-
-
906
-
-
-
15
-
(598)
1,002
1,285
1,335
2,287
13,143
1,347
1,326
-
-
-
-
-
-
3,634
14,469
-
-
267
153
-
-
267
153
267
153
3,901
14,622
21,715
9,227
-
-
4,092
13,083
25,807
22,310.00|
|---|---|
||267
-|
||267|
Page 6
## **HEZMALHALCH TRUST (FELLISCLIFFE ALMHOUSES)**
## **BALANCE SHEET AT 31 DECEMBER 2024**
|Notes||2024||2023|
|---|---|---|---|---|
|||£||£|
|**Investment Assets**|||||
|COIF Property fund|7,797||7,475||
|COIF investment fund|121,986||117,802||
|Page 9||129,783||125,277|
|**Current Assets**|||||
|Bank current account|66,687||55,704||
|Bank premium account|-||-||
|Bank business tracker|-||-||
|COIF deposit account|14,231||13,537||
|||80,918||69,241|
|**Debtors**|||||
|Hall car park rent|30||15||
|Felliscliffe Church|8,651||7,064||
|Outstanding rent|3,607||2,321||
|||12,288||9,400|
|**Total current assets**||93,206||78,641|
|**Current liabilities**|||||
|**Creditors: amounts falling due within one year**|||||
|Trade creditors||4,628||4,570|
|Loan due to The Almshouses Association||6,794||6,794|
|||11,422||11,364|
|Net current assets||81,784||67,277|
|**Creditors: amounts falling due after one year**|||||
|Loan due to the Almshouses Association||40,761||47,555|
|**Net Assets**||170,806||144,999|
|**Trust funds**|||||
|Reserves Brought Forward 1 January 2024||144,999||122,689|
|Net Surplus / (Deficit) for the Year 2024||25,807||22,310|
|Reserves carried forward 31 December 2024||170,806||144,999|
The notes on pages 8 to 10 form part of these accounts
Approved by the Trustees on and signed by the Chairman
Page 7
**HEZMALHALCH TRUST**
## **FELLISCLIFFE ALMSHOUSES**
## **Financial Statements for the year ended 31 December 2024**
## **Notes to the Financial Statements**
## 1. **Accounting convention**
The financial statements are prepared under the historic cost convention in accordance with the Financial Reporting Standard for Smaller Entities. In preparing the financial statements the charity follows best practice as laid down in the statement of Recommended Practice “Accounting and Reporting by Charities” (SORP 2015). The accounts have been prepared on an accruals basis.
## **Incoming resources**
Rents collected and investment income are accounted for on an accruals basis.
## **Resources expended**
Expenditure incurred on the upkeep of property is accounted for on an accruals basis. Any grants provided are charged to the income and expenditure account in the year in which they are authorised or allocated when they are shown as commitments in the accounts. The charity employs no staff and incurs no support costs.
## **Investments**
Investments are stated at the mid-price as stated at 31 December 2024.
Page 8
**HEZMALHALCH TRUST (FELLISCLIFFE ALMHOUSES)**
## **Value of Charituy Fund investments at 31st December 2024**
## **Value of Trust Assets**
|**Value of Trust Assets**|**Value of Trust Assets**|**Value of Trust Assets**|
|---|---|---|
|Date
Further
Units Additions
Updated
Units
Original
cost
Additions
Revised
cost
Market
value
Purchases
Revised
closing
value
Market
value
Surplus
purchasedpurchases
2023
2024
(deficit)
COIF Property Fund C03041580
30/12/2004
473.44
26,656.00
26,656.00 117,801.79
121,986.08 4,184.29
COIF Investment Fund Accumulation
Units C03041581
25/08/2015 2017-22 5,065.24
1,744.08 7,159.51
2,962.00 2,881.23
6,258.11
7,474.52
414.88 7,889.40
7,796.70
(92.70)
2023
389.58
414.88
0.00
7,549.09 29,618.00 3,296.11 32,914.11 125,276.31
7,889.40 129,782.78 4,091.59
COIF property Fund Income Units
4,091.59
29/02/2024
91.97
98.08
31/05/2024
104.70
110.95
30/08/2024
96.11
102.26
29/11/2024
96.80
103.59
389.58
414.88
COIF Property Fund Accumulation
Units converted to Income Units August
2016
30/12/2004
2,140.64
2,962.00
2,962.00
5,405.76
5,405.76|||
|||7,549.09 29,618.00 3,296.11 32,914.11 125,276.31
7,889.40 129,782.78 4,091.59|
||4,091.59
91.97
98.08
104.70
110.95
96.11
102.26
96.80
103.59
389.58
414.88
2,140.64
2,962.00
2,962.00
5,405.76
5,405.76||
Page 9
## **HEZMALHALCH TRUST (FELLISCLIFFE ALMHOUSES)**
## **Cottage Maintenance 2024**
|**Maintenance Analysis**
Cottage No.1
Cottage No.1
Cottage No.2
Cottage No.2
Cottage No.3
Cottage No.4
Cottage No.5
General ground maintenance
Repair security lighting|Building
Works
PlumbingElectrical Electricity Ground
Rates Total
1
2
3
4
5 General
supply
Maint
Building Works
Cottages|
|---|---|
||0.00
0.00
0.00
0.00
707
707.00
215.00
215.00
0.00
0.00
0.00
0.00
0.00|
||0.00
0.00
707.00
215.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
922.00|
Page 10
## **HEZMALHALCH TRUST**
## **FELLISCLIFFE ALMSHOUSES**
## **Report of the trustees for the year ended 31 December 2024 (continued)**
## **Post balance sheet event**
From 19[th] February 2019 the charity has been registered as a Charitable Incorporated Organisation. New registration from that date 1182128.
From the Charitable Incorporated Organisation’s incorporation Trustees are appointed on a rotational basis.
The Trustees for the CIO are as follows: -
John R S Lazenby (until 1.06.2026) Joseph A Brown (until 1.06.2024) Reginald W Houseman (until 1.06.2026) Peter C N Capel Cure (until 1.06.2024) Josephine C E Shepherd Ex officio appointed on 23[rd] April 2023 Mrs G Clough Appointed on 8.03.2023 until 1.06.2026 Mrs E Knox Appointed on 8.08.2023 until 1.06.2026
When the property and land held by the existing trust is transferred to the Incorporated Charitable Organisation (CIO), this will enable the trustees to be indemnified from any personal liability; however, as Wrigleys who are acting on the Trust’s behalf have as yet to organise the transfer of the assets from the existing trust and the transfer of assets from the Miss Mary Hezmalhalch Charities to the new CIO the Hezmalhalch’s Charity and the Miss Mary Hezmalhalch Charities have been unable to be closed, consequently the trustees are still exposed to any liabilities that may arise. The transfer is ongoing.
Currently the listed trustees stated on page 1 remain in post for the existing Hezmalhalch’s Charity, number 236143 which continues to be responsible for running the Almshouses at Felliscliffe..
Page 11
INDEPEINDENT EXAMINERIS REPORT TO THE TRUSTEES
OF THF HEZMALHALCH TRUST
This report on the financial ststements of the Charity for the year ended 31 December 2024,
which are set out on pages five lo eleven, is in respect of an examination carried out in
accordance with section 145 of the Charities Act 2011.
Respective responsibilities of tbe Trustecs and Ihc examiner
As trustees of the Charity vou are responsible for the preparation of the financial statements.
You consider that the audil requirement of the Regulations and section 145 of the Act do not
apply. It is my responsibility to issue this report on thos¢ financial stalements in accordance
with the tenns of the Regulations.
Basis of this report
My examination was carried out in accordance with the Gen¢ral Directions given by the
Charity Commission under section 145(5){b) of the Act and that examination include5 a
review of the accounting record5 kepi by the Charity and a comparison of the accounts with
those records. It also include5 considering any unusual items or disclosure5 in the fin¢la1
slai¢menis and seeking explanations from you as trustees concerning any such matlcrs. The
procedurL'S undertaken do not provide all the evidL'n¢e that would be required in an audit, and
consequently I do not express an audit opinion on the view giv¢n by the accounts.
Independent examiner's statement
In connection with my examination, no matter has Come to my attention-
(i)
which gives me reasonable cause to believe that in any material respect the
requirem¢nts
to ke¢p accounting records in accordance with scction 130 of the Acl- and
to prepare financial statements, which accord wilh the accounting e0rdS and
comply with th¢ requirements of the Act and the Regulations
have noi been met. or
(2)
to which, in my. Opinio attention should be drawn in order to enable a PTop¢r
understanding of the ' e6unls to be reached.
Signed .
. Date
M.A.J. Holden, FCCA
Swincl iffe Top Cotiage
Swincliffe Top
Hampsthwaite
HaOgate HG3 2HX